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MAGAZINE,
MERCHANTS’
HUNT’S
gMwjsspKpe*,
&
INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa
|Entered, according to aot of Congress, in tlie year 1881, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
REPRESENTING THE
~~
VOlTS
values have
CONTENTS.
THE
The
The
Financial Situation
of Bank¬
Coining Meeting
ers.
The Finale
Life
Enforcement of Penalties
Smuggling
THE
for
88
Bonds
Range in Prices at
Stock Exchange
THE
English News
91
News
93
GAZETTE.
Bank
and
95
102 I Dry Goods
103 Imports, Receipts and
109 |
Cotton
Breads tufts
98
City
Corporation Finances...
Investments, and State,
COMMERCIAL TIMES.
Commercial Epitome
96
97
uotations of Stocks and Bonds
ew York Local Securities..
Returns
94
*
to
light.
But
basis for pushing
as a
reports,
several
99
110
Exports 110
continued
the vague
so industriously circulated, of deficient crops.
In
their endeavors the bears were
aided by the breaking up of
pools operating in particular
stocks and by the
leading operators had concluded to
assist for the time being in forcing prices down, in the belief that lower prices would induce purchases by the
“shorts” and outsiders, and make it a comparatively easy
rumors
Railroad Earnings and
and
the N. Y.
Commercial
and
Commercial and Miscellaneous
BANKERS’
Money Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad
Stocks
90
onies
Monetary
87
come
prices down, excellent use was made of the
89 cutting of rates on passengers and freight, and of
CHRONICLE.
85 Census
Cotton Consumption
Figures
87 Great Britain and Her Col¬
Universal
of the
NO 839.
SATURDAY, JULY 23, 1881.
that
one or
two
push quotations up beyond present figures. On
low-priced stocks the disposition of the hanks
scrutinize collaterals more carefully than heretofore,
task to
some
to
of the
also had
35toe Ctorcruiclc.
some
effect.
Though the entire market declined more or less, the
strength shown by some of the better class of stocks was
a noticeable
feature. Yfhile the fall in special instances
mail matter.]
was as much as, and more than, 10 per cent, some of the
best properties gave way but 1 or 2 per cent.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
The steadi¬
For One Year (including postage)
$10 20.
ness manifested by these latter shows at once how difficult
6 10.
For 8ix Months
ao
Annual subscription in London (including postage)
£2 7s.
it is to influence securities that command the favor of
Six mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written investors, and how strong is the confidence of the public
order, or at the publication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
in a continuance of the country’s present prosperous con¬
Advertisements,
Financial Chronicle is issued every Satur¬
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
The Commercial and
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for live, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
•column 60 cents per line, each insertion.
London and Liverpool Offices.
The office of tlie Chronicle in Loudon is at No. 74 Old
and in Liverpool, at No. 5 Brown’s Buildings, where
advertisements will be taken at the
the paper supplied at Is. each.
WILLIAM B. DANA,
\
(JOHN Qr FLOYD, JR.
j
"
—
regular rates,
Broad Street,
Post Office Box
4592.
;
i—
EF3 A neat file cover is furnished at 50 cents; postage on the same is
18 cents. Volumes bound for subscribers at $1 00. A complete set of
Chronicle—July, 1865, to date-
SITUATION
vigorous, determined,
THE FINANCIAL
Under the influence of
a
and pro¬
suffered a fall
pronounced (barring the temporary panic
occasioned early in the present year by the withdrawal of
bank circulation) than any that has occurred since the sudden
topple of May, 1880. The movement was skillfully engi¬
neered. the plan pursued being to select the most vulner¬
able points, make a tremendous onslaught on these, follow
this up by a more or less general attack all along the line,
longed assault on values, prices of stocks have
this week
more
and thus weaken
when
It is not to be
denied that among the various
securities
markets, there is some
along with the current,
and been greedily absorbed by the unwary at almost any
figure, merely because prices appeared to be low. Yet
these are exceptions, and they only go to prove the rule,
that in the vast majority of cases prices are higher now
than two years ago, simply because the roads are doing a
larger business and earning more money. There may be
But while general trade remains in its present
set-backs.
conservative condition, these can be only temporary and
limited in their application—there is no likelihood of their
becoming permanent and general.
The storms and snow of last winter undoubtedly had an
unfavorable effect upon both gross and net receipts, but
this does not affect the general prosperity, nor does it
indicate anything except that the roads have suffered a
now
being dealt in in the different
subscriptions and worthless trash, that has floated
and single copies of
WILLIAM B. DANA & 00., Publisher*,
79 & 81 William Street, NEW YORK.
the Commercial and Financial
can be obtained at the office.
dition.
loss—which is
a
present, a temporary
influence only, since
probability that the severe weather of last
the entire list. This mode of procedure, winter will be repeated the next, or experienced again for
a long time to come.
Then, too, the railroad war must
such decided promise of success that it
there is little
tried, gave
be brought to an end some time or other.
was
Indeed, the
repeated again and again for several days—first one
stock, then another, being made to answer the purpose. general belief is that this will be done as soon as one or
Care was always had, however, to select only such stocks two parties believed to be intent on getting a large
as
appeared, from an inherent weakness in their position, line of stocks at lower prices by prolonging the struggle,
find it to their interest to do so.
least able to withstand an attack.
It cannot be said that any new
facts affecting stock
As to the crops,
definite information cannot yet
be given,
THE
fc6
though late advices are of a favorable character.
even should there be any deficiency here, it is not to be
005,600 of reserve, and $351,199,500 deposits. The large
disbursements by the Treasury in the near future encour-
But
for¬
general freight is increasing all
the time, which is a constant source of gain to the roads, and
that they may thus be able to make good any loss resulting
gotten that
[VOL. XXX Ul.
CHRONICLE.
the volume of
the expectation that this reserve will be heavily aug.
mented, and as the movement to the interior will naturally
be light for at least six weeks, a large accumulation of
loanable funds, and gain in deposits, may be looked
age
During the year ended June 30,
for.
"
1881, 668,000 emigrants landed on our shores.
Aside The Treasury operations for the week, exclusive of the
from the addition that this influx of labor is likely to
transfer of $1,000,000 gold from San Francisco, have
make to the business of the roads by swelling the produc¬
resulted in a loss, which is a gain to the banks, of $1,634,tions of the soil, these people have wants which must be
412.
The payments by the Assay Office for domestic
supplied," and in great part the supplies will have to come and foreign bullion have amounted to $331,032, and the
by railroad, so that the railroads have this further pros¬
following shows the daily receipts by the Treasury from
pect of an augmented traffic. In view of such facts, can the Custom House.
we
wonder that it is no easy matter to depress perma¬
Consisting of—
nently the values of good properties ?
The decline in the market, which continued through
Duties.
Silver
Date.
Silver
U. S.
Gold.
Dollars.
Certificates.
Notes.
the early part of the week, was arrested on Thursday,
$214,000
when, towards the close of the day, there was a decided July 15
$189,000 $13,000
$416,465 85
181.000
$1,000
9,000
146,000
40
333,795
16....
reaction. The fact that a conference of managers {of the
392,000
33,000
201,000
628.731 84
18....
trunk-line roads was held at Commissioner Fink’s office on
486,000
23,000
295,000
804,355 40
19...
192,000
1,000
8,000
123,000
that day, when it was resolved to make no official reduc¬
323,793 52
20
248,000
1,000
8,000
148,000
204,103 98
21....
tion of freight rates, was accepted on the Street as an
$1,713,000
from
diminished crops.
-
■
...
“
“
“
“
...
“
ready to compromise,
and the news had a stimulating effect upon the market.
It was then reported that a further conference would be
held in a day or two, when the question of restoring pasIt is regarded as
senger rates would be considered.
probable that all the differences will soon be adjusted, and
this naturally influenced the speculation in the stocks of
the trunk-line roads.
Yesterday the market was again
unsettled, with symptoms of weakness at the close.
indication that the managers were
•
been
those
in the market
for
Treasury operations,
Interior movement
for the past two
good evidence that the fall has induced purchases by these
who are continually watching for such
opportunities. Those speculators, operating in pools or
independently, who sold out their stock at the compara¬
tively high figures ruling before the decline commenced, are
supposed to have taken back their stocks after the market
had had a reasonable fall, leaving the other class of
making
by the principal
Into Banks.- Out of Banks
The interior
Net.
$1,634,412
$1,634,412
net
Total
1,126,000
$1,025,000
101,00%0
$2,760,412
$1,025,000
$1,735,412
movement given
above embraces all the
reported to
July 21,
receipts and shipments of gold and currency
us by the principal banks for the week ended
which, stated in our usual form, were as follows.
and other investors
market so as to
gold and currency reported
banks.
alaVm
the
following shows the net Sub-Treasury movement
the week ended July 21, and also the receipts and
shipments of
bought stocks for investment purposes, have taken
at the decline and sold their stocks, and there is pretty
operators,
$3,000
The
weeks has
mainly speculative. It does not appear that any of
persons who within the past year or more have
The movement
$1,102,000 $96,000
$2,713,247 99
Total...
speculative sales, to manipulate
enable them to cover their short
Receipts at and
Shipments from N. Y.
Currency
Received.
Shipped.
$1,106,000
20,000
$75 5,000
270,000
$1,126,000
$1,025,000
Gold
Total.
England reports a further loss this week
of £57,000 bullion, making £639,000 for three weeks,
but the proportion of reserve to liabilities show's a gain in
The Bank of
of 1 per cent. The Bank of France reports
an increase this week of 350,000 francs gold, and 1,087,500
francs silver, and the Bank of Germany shows a gain
tnis interval
contracts.
operations made the market comparatively bare
of
of stocks early this week, as was shown by the borrowing
demand for some of the leading properties, and compelled 2,160,000 marks since the last report. The following
the speculators to continually raid it, thus keeping it exhibits the amount of bullion in each of the principal
feverish so that it might not be too favorably influenced by European banks this week and at the corresponding date
These
and by their purchases.
President has continued to improve during
current reports
The
week, and is now regarded as nearly out of
reports from trade circles show a general
last year.
the
danger. The
revival of busi¬
of the President has
indicating that the recovery
which has more or less influenced the
trade of the country since the attempted assassination.
ness,
ended the suspense
The
weather in the
grain-growing regions has been gener¬
ally favorable for the ripening of
now entertained that the harvest
the crops, and hopes are
will show a much larger
yield than was estimated a few weeks ago.
Money on call has been in abundant supply at the
Exchange. This is partly due to the short interest
Stock
in the
market, which materially lessened the demand, and also
to the liquidation which has been in progress for the past
The last return of
two
weeks.
this
city showed the
July 21, 1881.
the associated banks of
unprecedented total average of $99,*
■
RanV nf Rn
Bank of Germany
week
previous week
Total this
The above
Bank of Germany
no
Gold.
Silver.
Gold.
&
£
£
Silver.
28,982,082
26,595,919
25,650,832 50,215,010 30,323.794 49,913,066
9,276,520 19,553,520 9,682,666 19,365,334
crl n.n<1-
Bank of France
Total
July 22, 1880.
61,523,271 69,768,530 68,988,542 69,283,400
68,901,389
61,539,771 69,644,030 68,859,299
division of the stock of coin of the
popular estimate, as the Bank itself gives
gold and silver
is merely
information on that point.
Foreign exchange was dull
early part of the week, and it
noon
weak on Thursday in consequence
of the
of commercial bills and of some bankers’
against securities bought in this market; for
EW
and became
pressure
drawn
and barely steady in the
fell off on Tuesday after¬
sterling
margin of profit for cable transactions
is indicated by the following, showing relative prices in
London and New York at the opening each day.
pean
account. The
July 19.
July 19.
July iO.
/
July 22.
July 21.
X.Y. Ijmd'n N.Y. Lond'n N.t.
Lond'n N. F. Lond'n
prices.* prices. prices.* prices.
prices.
price*.*
price*.* price8.
U0c4
110*
ne-% 110 54 116% 110-54 110*
U.S.4S-.C. 11654
101-92 101%
102
101-67
102
10167
102
U.S.5e, * 101-92
4329
43
43*
43C5
43
43 05
43
4317
Erie
101-07 101%
10107 101%
101-07
100%
101*
2d con. 10167
130-94 137*
139-62 13S% 13731 130
138
III. Cent. 139-26
14327 142% 14351 143*
14351
143
143*
N. Y. C.. 143-27
29-43t 59
29191
59
57*
2955*
60
Reading 29-19+
Lond'n Ar.r.
prices.* prices.
110 54
101-67
43-65
-
Exch’ge,
4-86W
4'80*
cables.
4-86*
Expressed in their New
+
Reading on basis
X
Extended.
‘.38-65
142-70
29-3! +
except the
bonds have been steady for
they likely to change this habit ; hence their need of
interchanged information for their own guidance.
Important topics are rather overbundant than scarce.
Expected addresses are mentioned upon the future cur¬
rency of the country, the perils and safeguards of the
financial situation, the industrial growth of the West and
South, the improvement of business since resumption, the
causes of monetary panics, the dependence of the country
are
upon
growth of the
the influence of sound banking upon
banking in various respects, the
clearings system,
credits, &c., &c.
There
are some
practical and timely topics which
should
prominence. Taxation is one of these, and it will be
subject of the usual report, but whether anything can
added to the force of the strong arguments for a reduc¬
have
the
be
equivalent is based upon the highest
ordinarily covers nearly all charges,
insurance and commissions.
transfers, which
Government
43*
101%
138*
143*
5m
4-86*
4-86%
Note.—The New York
interest,
101-67
110%
101%
York equivalent.
of $50, par value.
*
cable
87
THE CHRONICLE.
.23, 1881]
July
rate for tion, is doubtful. Another, upon which light is needed, is
such as the future currency of the country and the position of the
all the issues
extended bonds, and these have at times
been
regard to it. The bank circulation, although
people have nearly forgotten the fact, was never
banks with
most
intended
for
a
permanent one, but,
like the greenbacks,
momentarily influenced by the comparatively light demand was a war
expedient. Nothing beyond the temporary
and by the uncertainty regarding the amount which will
exigency was thought of when the system was originated,
eventually be issued, late reports indicating that a much and
although its safety and convenience have continued it
larger number of the 5 per cents will be extended than was in use, it remains to be established whether it shall be a
at first supposed.
The dealings at the Board are very
permanent currency. The approaching expiration of the
light, and little more is done than to make quotation s as bank charters and, more than all, the disappearance of the
the basis for counter transactions.
bonded debt, are compelling the question to come up.
Manifestly, the bank circulation cannot long exist on its
THE COMING MEETING OF BANKERS.
present foundation, and the issue part of the system must
be either
remodeled
or
abandoned.
Inasmuch
as
nobody
meeting of the American Bankers’ Associa¬
contemplates the exclusive use of a literal hard-money
tion, to be held at Niagara Falls, August 10-12, promises
the choice must be made ere long between a
to be this year uncommonly interesting.
The attendan ce currency,
remodeled system of issues based upon security deposited
which has naturally been increasing yearly, is expected to
with, the Government, the revival of State banks as issuers,
be unusually large ; 8,000 invitations have been sent out,
or a continuance of Government notes.
The annual
Canada is looked for, for the
The antagonism between the greenback and the bank
first time.
The place of meeting selected is doubly felicit¬
note is now more pronounced than ever before, and of this
ous, with reference to this practical justification of the
the disturbance of last winter gave evidence, when the old
broad title ‘American,” this place being at the boundary
demand for substitution of the former was revived. This
line, the charms of the American Baden having yielded to
issue must be met.
The question is, whether the tempo¬
the claims of novelty and the desirability of attracting the
rary greenback of the war shall be paid and destroyed, or
most general attendance.
be permanently continued as the main or the sole paper
It is much easier and likelier to underrate than overrate
currency.
No thoughtful banker need be reminded of the
the importance of such conventions and their possible in¬
immense and far-reaching importance of this question. It
fluence for usefulness, and that usefulness is not to be
cannot be avoided; it will follow us and force itself upon
accurately measured by results unmistakably traceable to us. It should be treated dispassionately, but fearlessly, by
them.
Banking has become a great power in the country
the bankers in council.
They will be accused of desiring
Banking and transpor¬
and all over the commercial world.
to retain their circulation for profit if they oppose the
tation are probably the most important of commercial powers.
For the exchange of information and for the common de¬ permanent greenback, and of conspiring to coerce the
Government if they propose to withdraw their notes; but
fense thereby, such occasions may be made most useful
this, though unfortunate, they must not mind. Their part
Such defense, however, it is well to remark, is to be found
is to present the subject intelligently and judicially, and,
far more in the spread of knowledge on the subject than in
as far as
visibly in the public interest as well as
the workings of any guild among the banks.
The popular their own. possible,
Their position makes a demand upon them for
notion, as is well known, is to the contrary, but it is most
some material contribution towards the right adjustment
erroneous.
There is hardly a guild or trade class in
of the problem.
%
the country, from transportation companies down to
trades unions, which uses so much independence of
THE FINALE OF THE UNIVERSAL LIFE.
action and is so little governed by an organized cen¬
The
report of an official examination
tral authority from within, as that of the banks.
They of the recently-published
Universal Life Insurance Company, revives the
may, and do, act in concert, but not by a preconcerted
of
peculiar past. Just four years
and
a
fair attendance from
recollection
its
ago
of last February, when
July 21, 1877, page 51] we reviewed the then
large amounts of circulating notes were pro forma surren¬ [Chronicle,
condition of the company, which was at that time before
dered, in anticipation of the Funding bill, was coincident
The chief
individual action in self-defense, not the conspiracy to Judge Landon on application for a receiver.
assets
and
regular
items of
liabilities, as per the
official
.coerce Congress which some declamatory newspapers made
This is cited simply as an illustration in report at the end of 1876, the official examination in 1877,
haste to call it.
the regular report at the end of 1879, and the official
point. The banks act together, perhaps, but they do it in¬
examination just now made, are given below,
dependently, and not by force of a governing union. Nor
movement ;
the notable action
.
Jan. 1,
Assets.
1877.
$
1,303,075
Real estate
$
524,636
1,
1880.
Jan.
June
30,
1881.
$
$
1,391,772
230,093
823,720
709,570
281,899
767,088
151,975
154,528
454,815
708,811
134,700
1,931
255,891
176,217
95,164
3,977
89,674
129,973
73,912
37,846
assets. 3.896,872
2,449.089
2,466,374*
3,169,345
246,226
1,210,733
Premium notes and loans
Stocks and bonds
Cash in various places....
Other admitted assets....
Total admitted
May 1,
1877.
1,065,39 L
Mortgages
Liabilities.
Re-in6uranoe reserve
Policy claims matured,&c.
Sundries
3,005,527
86,275
146,652
Capital stock
200,000
Surplus
Deficit
458,418
.
The remarkable fluctuations
4,833
758,556
1,115,124
39,531
203,509
218,379
200,000
200,000
126,526
200,922
200,000
3 655 102
1 832 621
1 64° 572
.
11,728
1,205,413
*
From this is to be deducted $622,025 as “
nssets,” reducing tlie total to $1,844,349.
884,016
depreciation from cost of
in some of these items, par¬
ticularly in real estate, are chargeable to the varying rule
(and we might almost say object) of the official valuations
made at the several dates.
Iiow this most difficult task
performed, during the period of depression, by the
Department, has been shown in several instances,
but it would be profitless to discuss that now.
The. defic¬
iency at present reported is only about two-thirds what it
was made out to be in 1877, when the former proceedings
were taken, but of course the prospects of recovery are very
much less, now that the general buoyancy has not availed
to lift the concern upon its feet.
Instead of following the otherwise invariable course in
this State, Judge Land on permitted the Universal to
was
Insurance
pending an inquiry into the correctness
disputed valuations of assets, premiums falling due
of $344,.
000 in 1878, were $10,40 8,000 at end of 1879, but a
further depreciation of over $2,000,000 in 1879 reduces
them to $8,227,000, and they are still far from first class
in quality, being $5,848,000 real estate, $2,000,000 mort¬
gages, $1,919,400 premium notes, and only $764,800 of
The assets,
which were subject to a depreciation
hand, did
not at the date in question quite equal the debt for money
borrowed for current expenses, and $267,000 of policy
claims matured figured in liabilities ; yet a surplus of
$689,000 was made out, the policy account having shrunk
from $39,480,000 to $19,630,000.
This is not strength
and health, but the Charter Oak is still alive, with chances
of regaining vigor. ..It was not so eaten out as the
Universalwas, and the failure of the latter to do as well
under the nursing process as the former does not impeach
the expediency of resorting to that process.
The law of
1879, requiring call upon the stockholders where an
impairment of capital to one-half exists, permits them to
reach the same result—that is, make good the impairment—by reducing the capital; but the minimum amount
to which the capital can be reduced is $100,000, so that
this option in the law does not apply in the case of the
Universal. A deficit of $684,000, exclusive of - capital
stock liability, is announced to the stockholders, and as
there is no selfish reason why they should contribute any¬
thing, the formal dissolution of the concern is the only
stocks and bonds.
course
These latter, plus cash on
left.
The Universal has been an “
remain in statu quo
of the
[Vol. XXXIH.
THE CHRONICLE.
88
amalgamating ’’ company,
reproduce the following statement
such, between 1872 and 1875.
and
we
of its operations
deposited in a trust company under con¬
Protection >
trol of the Court, and to be returned to the parties paying Widows’ & Orphans’ Benefit ?
New York State
5 Matual Frotectjon f G uardian
Universal
)
them in case of dissolution of the company.
This position Amicable
Standard ^Government Security \North America J
of abeyance remained substantially until April, 1S79, when
The. Universal thus contains the remains of these
the restraining order was modified so as to permit doing
eight companies, covering in all about 96 millions of
business, on condition that an attempt should be made to nominal
insurance, although much of it is counted several
secure a voluntary scaling of policies one-half.
Since then times. The
absorption process necessarily proved a fatal
no-endeavors—which would have been useless—have been
one.
Concerning the men who carried it on, the less
put forth to obtain new business, but the temporary officers said the better. The Universal will always stand as a
in charge, with a faithfulness and ability which are not to
shameful example of corporate maladministration.
be fairly judged against them by their non-success, have
For the rest, there remains only the disgraceful fact
been trying to reduce the deficit.
and the potentially valuable moral wre have so often
The assets remaining are of very bad quality, the nomi¬
The truth is, the misconduct of the trust of
nal $888,275 of real estate being encumbered with pointed out.
supervision voluntarily assumed by the State permitted
taxes, assessments, and other liens, the $G05,179 of mort¬
this, and the State is therefore in the position of having
gages having nearly the equivalent of six years’interest
practically aided and made feasible the mismanagement that
unpaid, and the cash items being only a small fraction of wrecked the Universal and other companies. The moral
the unpaid death claims. The last half year’s receipts were
is, that the law should be so changed that no more rotten
but $73,090, of which $22,645 was borrowed; the dis¬
corporations shall be suffered to go on until past restora¬
bursements were $530,161, and if the heaviest items—
tion, and no more sound ones shall be figured out as unsound
$65,000 to the receiver of one of the absorbed companies
and sacrificed.
Repetition of these bitter experiences
4«id $249,641 as profit and loss on real estate—are
should be rendered impossible, by the statutory basis of
deducted, the $215,000 remaining compares dolefully with
the State’s supervision, instead ,of
having them left
the receipts.
There is nothing to look forward to, and
nearly as free as before, as far as that basis is concerned, to
probably the sooner the miserable wreck can be covered
reproduce themselves as soon as forgetfulness of the past
from sight the better.
and a return of inflation have prepared the way.
The
The case of the Charter Oak naturally is suggested in
supervision itself should be made substantial and not ona
this connection, that company having been put into a
of the list of prizes for party services.
course of official inquisition at the same date with the
-Universal. A committee of experts, improvised in the
ENFORCEMENT OF PENALTIES FOR
hope of saving it from a receivership, figured out what
SMUGGLING.
they called “a minimum recuperative power” of $294,670
Recent correspondence
between Messrs. Alexandre,
per year, and the company went on.
Its income for 1879
United States District-Attorney “Woodford and Collector
was $348,000 premiums, $259,000 rents, $175,000 interest,
and $809,000 total.
Disbursements were $682,500 for Merritt, brings to public notice a somewhat important
As shipping
losses and endowments, the latter being very heavy ; reform lately introduced in the duty laws.
merchants well know, the law has long stood so that the
$142,000 for improvements and repairs on real estate, and
owner’s property in a vessel might be forfeited in conse¬
$1,522,000 total. This is a heavy decline from the $3,250,000 income and $2,900,000 disbursements of 1876 quence of a violation of the duty laws committed withou
meanwhile to be
as
|
,
July
23, 1881. j
THE
89
CHRONICLE.
privity, by persons on board. A number of the pro¬
visions of the duty laws imposed forfeiture of the vessel
involved, as the punishment of disobedience; and made no
exception of a case in which master^ and owners were not
involved in the offence, but it was committed by a passen¬
ger or a seaman. Though owners and captain had done
their best to secure entire obedience to the laws, the vessel
might be exposed to forfeiture for an infraction which they
did not share or know.
The law was unjust in principle ; it was, however, tem¬
pered or modified in administration. In some of the
Western districts the judges recognized an implied excep¬
tion of cases in which the owners of the vessel were wholly
innocent. In an instance in Wisconsin the law (the old
Duties-Collection Act of 1799) imposed forfeiture of the
his
ship for any importation of distilled spirits otherwise than
in casks of the capacity of ninety gallons and upwards.
prohibited quantity were imported on the Cush¬
man.
But it was clearly proved that the spirits in question
had been received on board secretly, by employees or ser¬
vants, without the knowledge of the captain or clerk, and
in violation of a standing rule of the ship.
And the court
Spirits in
her to
be detained
which the
master
to enforce
has
payment of any penalty
personally incurred (Rev. Stat.
§ 3088).
Accordingly, Collector Merritt, acting under
Treasury
instructions, refused to grant a clearance to the Washing¬
ton unless the amount of the fine should be deposited condi¬
tionally to abide the result of the application for a remis¬
sion.
Alexandre & Sons, the owners of the steamer,
sought to treat this as a wilful refusal to grant a clearance,
and applied for an arrest of the Collector.
The DistrictAttorney declined to sanction an arrest, on the simple
ground that the Collector, in refusing a clearance, had
acted in good faith, under Treasury instructions; hence
his refusal was not a wilful neglect of duty.
Thus the
controversy is only a struggle over the question of the
power of the Custom-House to detain a vessel whose mas¬
ter having personally incurred a penalty, refuses to pay or
secure it. • Whichever way this question may ultimately
be decided, the liberal, wholesome principle of the law of
1881 will stand unimpaired.
CENSUS COTTON CONSUMPTION FIGURES.
though the spirits might be forfeited, forfeiture
Through the kindness of Mr. Edward Atkinson, Special
of the ship was not incurred.
So the Circuit Court in
Pennsylvania said that the fact that a small quantity of Agent in charge of the cotton manufacturing statistics,
and with the consent of Gen. Walker, the Superintendent,
goods had been smuggled on board a vessel by one of the we are enabled to
give to-day the final report of cotton
crew, but without any knowledge or participation of the
consumption in the United States as prepared by Mr.
master or omission of due care by him, should not be
Atkinson for the Census Bureau.
The preliminary report
deemed to expose the vessel to forfeiture.
was issued early in the present year and commented upon
But rulings of this favorable character towards owners
were not uniform throughout the country.
In Eastern in the Chronicle of January 22. Since then the figures
have been subjected to a thorough revision, without mate¬
ports a view commonly taken was, we think, to hold the
vessel forfeited, notwithstanding the owner’s actual rially altering the general result arrived at in the earlier
It will be observed, however, that in the
innocence of the offence, and leave him to an application to compilation.
the Treasury Department for a remission.
This was present return we have the data with regard to the cotton
consumed by woolen mills, &c., and that Mr. Atkinson
usually granted, and thus the theoretic harshness of the
also supplies figures for the crop year as well as for the
law was relieved.
held that
fit to conform the text of the
law to the practical administration which had thus become
general. .They enacted (February 8) that “ no vessel used
“by any person or corporation, as common carriers, in the
Congress, last winter, saw
census
year.
This latter fact is
especially important, as
comparisons with our own figures,
which always cover the crop or commercial year.
Mr.
Atkinson fixes upon 1,750,000 bales as the total consump¬
in the United States during the year ending Septem¬
transaction of their business as such common carriers, tion
In our Cotton Crop Report of last year we
shall be subject to seizure or forfeiture by force of the ber 1, 1880.
estimated the consumption at 1,760,000 bales. There is
provisions of Title 34 of the Revised Statutes of the
“
United States” (the title relative to collection of duties) thus a difference of only about 10,000 bales between Mr.
It is certainly gratifying t*
“unless it shall appear that the owner or master of such Atkinson’s figures and ours.
us to have this further testimony of the complete reliability
vessel, at the time of such illegal act, was a consenting
of our methods and the substantial accuracy of our results.
“party or privy thereto.”
This enactment, however, obviously leaves untouched Following is Mr. Atkinson’s report.
the various provisions imposing forfeiture of the goods Final Computation of the Number of Bales of Cotton Con¬
sumed in the United States During the Census Year
involved in any violation of the duty laws, or laying
—To wit: In factories making woven fabrics, thread, cotton yarn or special goods, all of which are known and
pecuniary penalties on the master or the individuals guilty
sold as specific manufactures of cotton.
of the transgression or neglect.
Eastern States—Maine, New Hampshire, Vermont,
1,135,200
Massachusetts, Rhode Island, Connecticut
In the case before us there is not involved any attempt
Middle States—New York, New Jersey, Pennsylvania,
of the customs officers to resist or evade the new lawDelaware, Maryland
236,411
The story, briefly narrated, is that on complaint of cigars Western States— Ohio, Indiana, Illinois, Missouri,
Michigan, Wisconsin, Minnesota, Utah
*32,828
having been brought into the country on the steamship
Total in the North
*1,404,439
City of "Washington, which were not included in her man¬
Southern States—Virginia, North Carolina, South
ifest, a proceeding was instituted against the master to
Carolina, Georgia, Florida, Alabama, Mississippi,
Louisiana, Texas, Kentucky, Tennessee, Arkansas.. *182,600
enforce against him personally the penalty of a sum equal
to the value, imposed by Rev. Stat. § 2809.
He declined
Total in the country
1,587,039
to pay the money, desiring to apply to the Treasury for a
Since the above has been put in type we have received a telegram
remission.
It seems to have been conceded that the cir¬ from Mr. Atkinson asking us to class Missouri with the South, iustead of
with the North, as above. We have not the revised figures for Missouri,
cumstances brought the case within the operation of the but using the figures given in the preliminary report (6,399) the con¬
sumption of the Western States would be 26,429, instead of 32,828 as
new law; the vessel was not liable to forfeiture; but the
given; the total consumption of the North 1,398,040, instead of 1,404,and Southern consumption would be increased to 188,999, from
view taken by the Treasury Department has been that 439;
182,600 bales. It should be said, however, that under our method a
considerable part of Missouri has to be counted with the North, so that
although the act of 1881 prevents a forfeiture of the vessel for comparison with the Chrokicle figures the classification above is
in such cases, it does not affect the former laws allowing preferable.
it enables
“
“
“
“
*
us
to make
IRE CHRONICLE.
90
mother country
In the above list are included some establishments
that contain knitting machinery, and in which a part of
the cotton is worked into cotton hosiery or other knit
for their natural productions.
.
On these
points the Lord Mayor enlarged, although not quite in the
spirit of Richard Cobden.
If the time had not come
when they might hope to witness the full realization of
the dreams of the poet laureate, in “ the Parliament of
man and the Federation of the World,there was at least
goods; but a considerable portion of the knitting mills
use wool and are compiled with mixed goods.
Number of bales used in mills that are commonly
known as woolen mills, but in which machinery is
worked sometimes on one fabric and sometimes on
another
[Vol. xxxiii.
'
«
23,844
thing which could safely be regarded as inside the
sphere of practical politics. While foreign governments
were making tariffs hostile to British trade, it was com¬
that are not commonly sold as specific manufactures
of cotton
94,071 petent to the colonies and the mother country to legislate
in each other’s interests, and to make tariffs mutually
Total consumption of cotton in textile fabrics in
census year
1,704,954 beneficial. The colonies needed nothing which the mother
These computations are substantially the same as those used country could not supply-; and there was little, if any¬
in making the preliminary report.
In order to verify them a second return has been asked from thing, which the mother country needed from foreign
all the larger cotton factories', as to the number of bales con¬ countries which she could not obtain from one or other of
sumed in the commercial or cotton year ending Sept. 1, 1880,
The argument was that if the rest of the
her colonies.
from which returns it appears that certain of the N Drthern mills
which used 704,244 bales in the census year, consumed 716,196 world could do without Great Britain, Great Britain and
bales in the cotton year. Certain Southern mills which used her colonies could do without the rest of the world.
•
Bond, Special
Agent on the Woolen and Worsted Manufactures, as
being used in connection with wool in mixed fabrics
Number of bales
reported by Mr. Geo. W.
146,384 bales in the census year,
one
consumed 151,510 bales in the
cotton year.
Assuming that these ascertained facts as to the major part,
establish a rule for the whole, the consumption of cotton
increased in the commercial cotton year ending Sept. 1, 1880, as
compared to the census year, in—
Northern mills
1,404,439 to 1,428,270
23,831
Southern mills
182,600 to 188,990
6,390
1,587,039
1,617,260
compared
1,704,954
to the census year
Computed consumption of the cotton year
30,221
ending
of textile manufacture. 1,735,175
From the few data that can be obtained, a loose estimate of
cotton used in mattresses and other upholstery,.would bring
the total consumption to about 1,750,000 bales in the commercial
year, but the use of cotton in upholstery cannot be absolutely
Sept. 1, 1880, in all branches
determined.
In the census year a
long strike reduced the consumption of
considerable number of the New England mills; but, on the
other hand, after these mills had started, the consumption of
the New England mills was reduced in the latter part of the
a
by a change from heavy fabrics for export to
lighter weights for home consumption.
In the present commercial year an increased consumption
may be predicated on the increasing number of spindles in all
cotton year
Sections of the country, and
for heavy fabrics for export.
also upon an increasing demand
GREAT BRITAIN AND HER
COLONIES.
banquet given on Saturday last by the Lord Mayor
of London, at the Mansion House, to the representatives
of the colonies seems to have been a brilliant and^ success¬
The
outgrowth of a happy thought.
There happened to be in London a large number of gen¬
tlemen, officially or otherwise connected with the colonies.
ful affair.
It
was
the
bringing them
together, and for having a free and friendly interchange
of thought as to the mutual relations, duties, and respon¬
The
argument, however, has one
colonies and the mother country.
the
Without such union
independence above referred to is impossible. Hence
find Lord Kimberley, the Secretary of State for the
we
30,221
colonies under Mr. Gladstone, insisting upon this unity.
RECAPITULATION.
Computed consumption of the census year
Add computed increase in the cotton year as
weak point. The.
ability of Great Britain and her colonies to do without the
rest of the world depends upon the harmonious union of
The
opportunity was deemed favorable for
the
people of the colonies, he said, were all one people ;
and the colonists in the Australasias, in the New Dominion,
in South Africa and elsewhere, all looked to England as
their home.
They were all self-governing communities,
and the energy which was common to them all was being
revealed in one enterprise which contemplated the crossing
of the Dominion territory and the uniting of the Atlantic
and the Pacific by a railroad, and in another by an effort to
lay a telegraph line across the Australian continent. Such
energy and enterprise, if enlisted in favor of union and
united imperial interests, could not fail to secure success.
It is noticeable, however, that Lord Kimberley did not lay
so much stress on the tariff question.
Whatever his individual opinions, it did not become him as a member of a
government committed to the principles of free trade to
say anything which might be interpreted as showing on
his part a leaning towards protection.
There are. one or two inferences to be drawn from
this meeting in London, and from the sentiment which it
called forth.
We connect it with a growing feeling on
the part of large sections of the moneyed and mercantile
classes that free trade persisted in, in the face of hostile
tariffs maintained by other nations, will prove ruinous to
English manufacturing industries. This feeling, as we
know, has become strong in Sheffield and in Birmingham;
and it is doubtful whether Manchester to-day would be
The
o
and her many colonies and opposed to the imposition of something like discriminating
duties on imported goods.
There are many indications
dependencies. The Lord Mayor’s banquet was the result.
that the Tories are prepared, in the event of a suitable oppor¬
Such a gathering is not possible in any other country or
tunity presenting itself, to test the feeling of the country
among any other people; and the presence of representa¬
tives from colonies so widely apart as Tasmania and Brit¬ on the question of returning, by way of revenge upon the
Read in this light,
ish Columbia, as New South Wales and Newfoundland, outside nations, to a modified tariff.
we better understand
the language of the Lord Mayor.
was suggestive of the magnitude and the grandeur of the
The course which England will take in this matter, will,
British empire.
It was not unnatural that at such a meeting the speak¬ of course, depend very much on the probable action of the
sibilities of the mother country
the interests which are supposed to
to the mother country and to the colonies.
ers
should dwell
be
common
on
Chief among these interests are of course those which are
identified with trade and commerce. Great Britain is cer¬
tainly not to be blamed if she seeks in her
markets for her
Nor
colonies
are
the
regarded as acting unreasonably when they
and expect to find a preference in the markets of the
colonies to be
seek
domestic manufactures.
United States and of France.'
.
meeting also with that other feeling,
to which we have more than once called attention in
these columns—we mean the feeling in favor of a grand
federation of the British possessions.
It is only by
such means that the widely scattered territory can be
kept hold of and that the interests of the different sec¬
tions can be rendered identical.
No unity such as that
We connect the
23,
July
Kimberley desiderates can be otherwise
attained ; and it is not unreasonable to take it for
granted that a federative union of all the colonies
and dependencies with the mother country was the
kind of union which he allowed his hearers to pic¬
ture to themselves.
We have the less hesitation in dis¬
cussing these matters that the action of England in the one
matter or in the other can have no detrimental effect upon
The relative merits of free trade and protection are
not yet absolutely determined.
The final settlement of
the question depends upon experiments not yet completed.
And as to the matter of federation we can only say that it
seems to point to the best means of preserving the British
empire and to the general good of the Anglo-Saxon race.
Lord
which
AT LATEST
Latest
Rate.
Time.
On-
Amsterdam
Amsterdam
.
Antwerp
Brussels
Paris...
Paris
Hamburg
Berlin
...
Frankfort...
Short.
121%
3 mos.
12-liQ
Rate.
July
312-2%
312-458
9 Short.
12-10
July *
3 mos.
25*56 4325-61 %
Short. 25-271e 325-35
3 mos. 25'5‘218325'60
20-67 3 20-71
20-68 320*72
20-68
3 20-72
‘
Short.
25-3 L
25 31
9
July
July
9
July
July
July
9
9
9
9
U
U
25-30
Short.
20-50
2050
20-50
<•
U
18-40 318-44
11-824311-874 July"
474347-4
Madrid.
4743474
Cadiz
July
2560 32565
Genoa
524^524 •
90 days
Lisbon
July
48 4 3 494
Deni.
New York...
July
Alexandria..
Is* *7 VI.
| July
Calcutta.... 30 days
IJuly
Is. 74d.
Bombay .... 30-days
Copenhagen.
Vienna
9 Short.
11700
9
3 mos.
2510
9
6
Short.
3 mos.
4 mos.
4-84
97 ^2
.
(July
Hong Kong,.
Shaturhai
'July
...
I From our- own
9
9
9
9
a
a
a
Is. 71316d.
Is. 7l3ltid.
3s. 9Vt.
5s. 2 5&d.
correspondent. I
London,
£
1878.
£
28,365,765
4,757,974
22,900,386
both
to
liabilities
Bank rate
26,924,402 29,112,322
1014
45s. 4d.
5018
24 P- c.
984
44s. 7d.
65t<5d.
6i%Rd.
44-27
2 4 p. e.
Consols
Eng. wheat, av. price.
Mid. Upiand cotton...
No. 40 Mule twist
35,2 48,657
22,693,891
2 p. c.
34 p. c.
96 4xd.
46s. Od.
.
974x
42s. 4d.
6%ed.
6 VI.
94d.
Ui4d.
104d.
17,673,519
18,842,837
9,328,126
9%d.
133,651,000 119.514.000 93.603.000 101,905.000
received at the Bank of England on Monday
for £1,525,000 in Treasury bills, viz., in bills at three months,
£870,000 ; do. six months, £655,000. Tenders for bills at three
months at £99 12s. 7d. will receive about 23 per cent; above in
full; and for bills at six months at £99 2s. 7d. in lull. The
rate of discount for the former is therefore about 1% per cent,
and for the latter 1% per cent per annum.
The half-yearly dividends are now being announced by the
banks and railway companies. The following have already
Olear’g-house return.
Tenders
were
appeared: Union Bank of London, rate of 15 per cent, against
15 per cent; London & Westminster, 18 percent, against 16 per
cent; London Joint Stock, 15 per cent, against 15 per cent, and
the Metropolitan Railway, at the rate of 5 per cent per annum,
against 5 per cent.
Tenders were received at the National Bank of Australia on
Tuesday for £977,000, and £388,300 in South Australian Gov¬
ernment 4 per cents. They amounted to £2,009,800, at prices
ranging from the minimum of £102 to £104. Tenders at and
above £102 18s. 6d. received allotments in full, and those at
£102 18s. about 61 per cent of the amount applied for. The
average price obtained was £102 19s. 8d.
Mr. Richard Seyd has published his usual statement show¬
ing the failures in the United Kingdom during the first half of
1881. The number amounted to 6,270, of which 690 are in the
financial, wholesale and manufacturing branches of trade, and
5,580 in retail trade, professional pursuits, builders, publicans,
and amidst the working classes, &c.
The silver market has been decidedly quieter, and the price
•
24'4e32491g
St. Peters’bg.
anti bullion in
departments..
Proportion of reserve
Coin
ON LONDON
Time.
Date.
1879.
£
27,547,970 27,604,205 29,479,770
6,479,992 6,094.531
4,814,810
27,440,383 26,538.494 32,831,860
Oovernm’t securities. 15,789,339 15,537,901 16,780,050
21,108,985 18.700,241 18,268,248
Other securities
rles’ve of notes & cour. 15,126,432 16,508,117 20,768,837
EXCHANGE ON LONDON.
LONDON—July 9.
EXCHANGE AT
DATES.
1880.
£
bank post bills
Public deposits
Other deposits
Utonetar tjl ©ommerctal gtiglislx Ueius
EXCHANGE AT LONDON AND
1881.
Circulation, excluding
us.
RATES OF
91
THE CHRONICLE.
1881.]
51/£d. per ounce, while Mexican
50%d. per ounce.
The following are the current rate3 of discount at the
pal foreign centres :
Bank
of fine bars is now only
Saturday, July 9, 1881.
dollars
have fallen to
but no
princi¬
made by the directors of the Bank of England
ju their rates of discount.
Money in the open market is obtain¬
Open
Bank
Open
market
rate.
market.
rate.
able at 1% per cent, and the discount houses have announced a
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
5
6
decline in their rates of interest for deposits to 1% and 1}& per Paris
St. Petersburg...
3M
313
4
4^
Geneva
3
25s
cent for call and deposit money respectively. This week’s Bank Amsterdam
Madrid, Cadiz &
338
3^
Brussels
5
4
Barcelona
return shows large changes, but they are due to the period of Genoa
4
4
5
4
Lisbon & Oporto.
4
3%
Berlin
the year, and the relative position of the Bank is not much
3^
3%
3 ^ <r 4
Copenhagen
Hamburg
4
Bombay
339
changed, the proportion of reserve to liabilities being 44’27 per Frankfort
4
4
Vienna
cent, against 44T1 per cent last week. The payment of the
The Board of Trade returns for June, and for the six months
dividends on the public funds has caused the total of “ public
ended
June 30, have been published this week, and they show
deposits ” to decline to the extent of £2,306,065 ; but the Bank
has been repaid loans, &e., to the amount of £ 1,920,10S. There fairly satisfactory results. There is a large decrease in the
is an increase in the note circulation of £593,930, and a decrease imports, but an increase in the exports. The following are the
of £310,517 in the stock of bullion, the result being that the totals :
1879.
1830.
1881.
total reserve has fallen off to the extent of £904,447. Next Imports in June
£27,763,730 £37,417,693 £30.805,882
172,641,723 210,760,753 198.813,636
week’s return will, no doubt, show changes of a more regular Imports in 6 months
Exports in June
14,533,540
18,462,884 18,804,997
83,326,493 107,633,736 109,303,475
character, and may justify the general expectation of a reduc¬ Exports in 6 mouths..
The following figures relate to the six months ended June
tion in the Bank rate. The trade demand for money continues
The money
market presents a very easy appearance,
change has been
..
...
..
...
moderate, and the prospect of any material increase in it
to be as distant as ever. The total of “other securities’’
is, indeed, as much as £21,108,985, which compares with only
£18,700,241 in 1880 ; but the increase is attributable to loans
to the Stock Exchange, and not to an improved inquiry for
money for commercial purposes. The present rates for money
very
30:
IMPORTS.
seems
are as
follows
:
Per cent.
Bank rate
24
Open-market rates—
30 and 60 days’ bills.
14
Open market rates—
Percent.
4 mouths’bank bills
14314
6 mouths’ bank bills
1431 %
4 & 6 months’ trade bills. 2
33
14
3 months’ bills
The rates of interest allowed by
the joint-stock banks re¬
unchanged; but the discount houses have lowered their
rates % per cent. The quotations are as follows :
Percent.
main
J oint-stock banks
Discount houses at call
do
with 7
or
14 days’
notice of withdrawal
14
14
14
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of con¬
quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers’ Clearing House return, compared
with the three previous years.
sols, the
1879.
Cotton
7.532,165
cwt.
.
18S0.
8,232,456
1881.
9,005,267
EXPORTS.
1879.
1980.
835,727
1,003,270
849,558
British wool
lbs.
3,442,000
Colonial and foreign wool.lbs. 136,772,600
945,139
12,711,800
143,113,813
14,599,800
21.956,500
105,831,600
3,096,100
2,419,900
Cotton
Cotton yam
Cotton piece goods
Tron and steel.
Linen yarn ...
Linen piece goods
Jute manufactures
Silk manufactures
cwt.
lbs. 113,556,600. 93,914,300
yards. 1,714,561,300 2,061,667.500
2,034,995
tons.
1,213,628
lbs.
9,375,100
7,933,000
90,992,300
yards. 82,433,200
yards.
77,254,200
85,991,100
Woolen yarn
Woolen cloths
£
14,716,200
lbs.
20,057,400
91,160,800
2,462,800
2,277,203
yards.
Worsted stuffs
yards.
Blankets & blanketing..yds.
Flannels
yards.
1831.
933,136
122,881,800
2,339,815,800
1,728,207
8,972,700
84,454,600
94,509,600
1,123,284
6,051,400
131,416,785
12,408,700
23.693.200
92,756,300
2,642,000
3.114,300
yards.
2,823,800
4,143,000
3,395.100
have been the movements in bullion for the
month and six months ended June 30 :
Carpets
The following
GOLD.
1879.
£
average
Imports in June
Imports in 6 months...
Exports in June
Exports in 6 months....
1,610.733
8,9 10,556
6
41,396
4,597,638
1881.
1830.
£
£.
,
799,912
2,976,830
341.076
3,236,027
940,432
5.651.786
371.275
6,334,835
THE CHRONICLE
92
[VOL. XXXIII.
Imports in June
Imports in 6 months.
Exports iu June
£
£
581,493
3,716,715
569,752
4,176,433
567,161
3,249,631
1,033,529
6,340.978
770,852
555,680
4,173,934
6,000,080
Exports in 6 months.
1881.
1880.
1879.
£
...
TOTAL GOLD AND SILVER.
Imports
Imports
Exports
Exports
in June
in 6 months.
in June
iu 6 months.
...
...
...
1,521,985
9,368,501
1,367,073
2.649,262
15,281,534
6,221,461
896,756
1,412,248
10,597,718
941,027
10,561,368
7,459,961
the quantities of cotton manufactured
piece goods exported in June, compared with the corres¬
ponding month in the two preceding years :
The
following
were
France
Portugal, Azores & Madeira.
Italy
Austrian Territories
4.193.200
5.135.400
2,970,000
5,201,000
4.551.500
4.218.600
1,099,600
2.693.400
4.227.700
4,043,200
3,082.900
2.073.000
1,510,300
33,588,700
2.639.100
5,046,200
1.454.800
Foreign West Indies
Mexico
United States of Colombia
(New Granada)
Brazil
Uruguay
Argentine Republic
2.933.100
14.660.200
1.566.500
3.251.600
2.616.200
14,365,000
3.824.800
3.189.600
8,072,100
Chili
Hong Kong
Japan
241,800
26,084,900
5,19S, 200
1.219.200
1.496.500
30,857,500
3.345.500
7.152.700
3.726.600
2,790,900
2.635.600
1,356,000
3.406.500
6.475.200
Philippine Islands
1.605.800
Gibraltar
Malta
British North America
British West India Islands
Guiana
British Possessions in South
Africa
British India—
Bombay
Madras
Bengal
.
i
Straits Settlements
Ceylon
Australia
G ther countries
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
6.984.800
5,071,500
1.646.200
2.370.400
3.747.800
40s. 7d.
50s; 91.
14,000,000
12,184,153
4,612,433
pared with the corresponding period in the three previous
seasons:
IMPORTS.
Wheat
cwt.48,617,848
Barley
10,145,315
8,660,827
2,120,902
2,145,150
29,698,596
10,903,030
Oats
Peas
Beans....
Indian com
Flour
76,669,000
109,785,800
108,053,600
1,071,000
2,259,400
2,517,500
263,641,800
331,868,500
367,730,700
1,500,381
28,438
105,313
Oats
Peas
Beaus
Indian
Flour
The
corn
Hosier}-—
Stock’s and socks..doz.prs.
Other kinds....
£
103,684
135,330
146,327
lbs.
1,049,850
1,224,509
1,284,708
during the week has been favorable for the grow¬
ing crops. On Monday and Tuesday the heat was oppressive,
hut on Tuesday night there was a sharp thunder storm over the
kingdom, and since then the temperature has been much lower,
and a moderate quantity of rain has fallen. The crops are
making steady progress, and there is now much less danger of
The weather
121,931
following return shows the extent of the imports of
Kingdom during the first ten
compared with the three previous
wheat and flour into the United
of
months
the
season
seasons:
WHEAT.
4,149,885
30,602,932
3,280,140
544,731
2,266,695
France
624,765
2,031,695
1,527,522
1,158,304
47,610,616
39,785,583
46,798,449
11,084
272,202
156,817
6,143
2,260
1,963,150
British India.... 4,323,611
Australia
3,166,500 \
Other countries..
SI, 143 }
..45,751,399
Total
1,862,440
7,427,850
25,152,524
3.024,277
5,325,571
61,103
182,596
215,085
505,065
3,746,074
7.623.325
23,300,636
2.121.325
3,6t>7 647
1,445,276
332,148
Cwt.
Cwt.
Cwt.
From—
.
Russia
1,287,413
United States
31,516,618
Brit. N. America 2,443,722
Germany
1S77-73
1378-79.
1879-80.
1880-31.
Cwt.
479,760
FLOUR.
729,407
1,250,368
235,865
280,010
5,944,519
4,450,076
1,780,920
889,341
2,816,634
298,225
1,992,057
7,521,264
7,246,625
780,935
945,075
France
208,799
7,313,406
United States...
Brit. N. America
347,811
Other countries.
1,858,190
307,211
271,351
1,453,129
..10,673,281
8,721,719
Germany
..
..
The following is an
of the value of our
United
Cwt.
Cwt.
Cwt.
Cwt.
1877-78.
1878-79.
1879-80.
1880-81.
From—
Total
1881.
54,969
104,381
13,887
19,230
219,672
76,503
92,304
21,156
15,223
430,611
89.591
89,575
61,673
557,880
166,443
592,237
98,097
43,567
217,955
131,804
.
1880.
1,445,455
1,200,303
1,009,156
257,159,600
30,896,620
7,290,412
51,020
Turkey, &c
Egypt
219,823,300
7,712,349
cwt. 1,090,252
1,920,000
185,910,800
10,476,468
1.522,930
2,598,955
9,719.559
1,462,186
1,470,263
31,589,699
Barley
1.958.100
8.490.700
23,397,800
9,352,713 12,385,539
11.757,379
12,322,675
1,818,530
2.384,074
24,782.586
8,829,862
Wheat
2.390.300
30.951.300
7.248.200
71,277,100
10.979.200
1.660.400
10.584.600
24.322.300
41,440,237 48,343,322
49,533,370
EXPORTS.
Chili
31,956,900
6.129.500
79,833,100
5.137.800
2.147.100
1877-78.
1878-79.
1879-80.
1880-81.
3.119.500
£
Thread for sewing
46s. 6d.
following return shows the extent of the imports and
exports of cereal produce into, and the exports from, the United
Kingdom during the first forty-five weeks of the season, com¬
4,043,600
1879.
patent net
1377-3
The
2.962.300
Other manufactures of cotton show as follows:
Xace and
wheat for season (qr.)
43s. 2d;
Visible supply of wheat
in the U. 8.... bush. 16,400,000
3,195
1,040,862
19.891.400
3.332.300
57,903,500
7,713,000
2.191.600
5.318.200
21.323.400
predominating
Grand total
4,976,100
14.855.200
3,056,800
7.899.400
8,899,600
1.727.900
48.924.600
3.152.300
5.614.500
718,300
Java
3.323.200
2.827.200
3.217.400
6.358.200
7.968.300
782,000
3.784.800
31,061,000
13,081,600
3.297.200
4.202.900
7.359.500
5,092,200
7.860.200
4.291.200
6.678.800
5.118.700
1.747.100
3.142.100
West Coast of Africa
United States
Yards.
146,600
27.270.200
7,001,400
.„
Turkey
Egypt
1881.
1880.
Yards.
1879.
Yards.
Holland
Peru
China and
1878-9.
Av’ge price of English
^
Exported to—
Germany
Greece
1879-80.
1880-1.
SILVER.
estimate, compiled from official sources»
importations of cereal produce into the
the season,
Kingdom during the first ten months cf
June, inclusive:
viz., from September to
£24,165,711
Barley
4,150,258
Oats
Peas
Beans
Indian corn..
Flour
3,689,207
5,302,398
.
£23,456.836
5,128,236
3,630,347
627,576
989,865
£19,546,105
£27,819,817
3,107,113
4,287,580
723,864
947,673
7,434,045
7,296,965
2,995,535
855,462
843,905
8,634,202
8,558,371
1877-8.
1878-9.
1879-80.
1880-1.
Wheat
522,215
r
517,690
7,951,114
5,922,912
9,631,938
6,602,311
Total.... £50,203,444
£53,812,342 £41,256,356 £55,067,109
being dried up. The wheat trade has been ex¬
The cost of our imports of cereals this season is therefore
ceedingly quiet, and the tendency of prices has been in favor of
about
£3,600,000 less than in the previous season.
buyers, though not to any important extent. The hop crop
promises to be abundant.
English market Reports—Per Cable.
During the week ended July 2 the sales of home-grown
wheat in the 150 principal markets of England and Wales
The daily closing quotations for securities,, &c., at London,
amounted to only 19,371 quarters, against 21,471 quarters last and for breadstuffs and provisions at Liverpool, are reported
year and 34,904 quarters in 1879 ; while it is computed that in by cable as follows for the week ending July 22:
the whole kingdom they were 77,500 quarters, against 86,000
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
•quarters and 140,000 quarters in 1880 and 1879 respectively.
London.
Since harvest the sales in the 150 principal markets have
5138
513s
51%
511s
51%6
Silver, per oz
d. 51
101%6 101% 6 101%6
lOUhfi 1015iq 101%
'amounted to 1,532,935 quarters, against 1,297,175 quarters in Consols for money
iorq6 101%6 101%6 1013)6 101%6 10l%6
Consols for account.
85-15
the corresponding period of last season and 2,349,370 quarters Fr’ch rentes (in Paris) fr.
85-30
85-40
85-40
85-45
the pastures
....
in 1878-9
;
the estimate for the whole kingdom being 6,131,740
quarters, against 5,228,800 qrs. and 9,401,480 qrs. in the two
previous seasons respectively. Without reckoning the supplies
of produce furnished ex-granary at the commencement of the
season, it is estimated that the following quantities of wheat
and flour have been placed upon the British markets since
harvest. The visible supply of wheat in the United States is
also
given
of
1880-1.
Total
Deduct
exports
wheat and flour
1879-80.
1878-9.
1877-8.
49,533,370 41,440,287 48,348,322
7,290,412
8,529,862
7,712,549
home-grown
produce
Result..
3%s
117%
119%
43 78
143
Illinois Central
Pennsylvania
Philadelphia & Reading.
New York
Central
*104*3
.
66ie
30
147%
Sat.
Liverpool.
....26,570,000
22,658,168 40,739,750 30,903,300
86,090,878
of
1,222,056
81,021,400
89,392,386
86,542,034
1,366,746
1,622,312
1,522,458
84,868,822
79,654,654
88,270,274
85,019,576
..
104%
117%
119%
445s
143
66%
301s
147
Mon.
104%
117%
11934
4438
144%
66%
30%
147%
Tues.
101%
L17%
119%
44%
140%
65%
29 7e
147%
Wed.
104%
117%
119%
44%
142
d.
s.
d.
3
s.
d.
12 3
9
8
7
9 5
4
9 9
9 9
9 5
9 5
4 11%
4 11% 4 11
73 0
73 0
Pork, West.mess..$ bbl 73 0
44 0
43 6
Bacon, long clear, cwt.. 43 6
90 0
90 0
Beef, pr. mess, new,$tc. 90 0
53 6
58 9
Lard, prime West. $ cwt. 59 0
54 0
54 6
Cheese. Am. choice, new 55 0
State.. 100 lb.
“
Wheat, No. 1, wh.
Spring, No. 2...
“
Winter, West., n.
“
“
Cal. white
Com, mix.,W.new
“
Flour (ex.
12
9
9
9
9
3
7
4
9
5
12
9
9
s.
d.
12 3
9 8
9 5
9 9
9 5
4 11
73 0
44 0
90 0
53 0
54 0
147%
Thurs.
8.
12
9
9
9
104%
117%
119%
44%
142%
66
66
30
'
s
:
Imports of wheat.cwt.48,617,848
Imports of flour
10,903.030
Sales
U. S. 58 ext’ii’d into
U. 8. 4%s of 1891
U. S. 4s of 1907
Erie, common stock
d.
3
8
6
9
9 5
4 11
73 0
44 0
90 0
58 0
54 0
30%
147%
Fri.
8.
d.
12 3
9 8
9 7
9 10
9 5
4 11%
73 0
44 0
90 0
58 0
54 0
July
@0»u wcvctal
Banks
National
banks were
aiutl^XisccUauemts Hews,
Organized.—The following-named national
National Bank of
o
Cambridge, TIL Authorized capital,
Company June 1 was $84,211, including balance on hand
May 2, having been $1,269,303, and the payments $1,285,092.
—The North American says: “President Bond’s plans for
Iron
paid-in capital, $25,000. Nathaniel B. Gould, Presi¬ the financial reorganization of the Reading are expected in a
dent; E. 1). Richardson, Assistant Cashier.
few days. They have been delayed by the advisability of wait¬
;ui—The South Pueblo National Bank, Colorado. Authorized capital,
$50,000; paid-in capital, $25,800. lliram L. Holden, Presi¬ ing till the figures of the company’s June business were ready,
dent; Delos L. Holden, Cashier.
in order to get a comprehensive view of the operations of the
5 <o—The Metropolitan National Bank of Cincinnati, O.. Authorized
capital, $500,000; paid-in capital, $250,000. Joseph F. Larkin, first half of the year.”
president; John R. De Camp, Cashier,
$50,000;
o
$441,058. Installments on deferred income bonds,
amounting to $192 were paid during the month, making the
total amount on hand from this source, June 1, $276,568. The
balance on hand in treasury of Philadelphia & Reading Coal &
June 1, of
organized this week:
-un-Tlio First
o
93
THE CHRONICLE.
1881.]
23,
Scioto Talley.—The bonds and stock of this company have
National Bank of Bainbridge, N. Y. Authorized capi$50,000. Gervis Prince, Presi¬ been placed on the Stock Exchange as follows: Scioto Talley
Railway Company’s first mortgage consolidated 7 per cent
9 511—The Potter’s National Bank, East Liverpool, Ohio.
Authorized bonds
to the amount of $2,100,000 and $2,500,000 of the capital
Wm.
Jr.,
capital, $50,000; paid-in capital, $50,000.
Brunt,
stock of the same company. The capital is made up of $2,100,President; F. D. Kitchel, Cashier.
000 original issue, $100,000 outstanding scrip certificates and
Imports and Exports for the Week.—The imports of 1 st
$300,000 in the company’s treasury. The bonds are to run
week, compared with those of the preceding week, show thirty years from July, 1880, and consist of $1,294,000 held in
an increase
in both dry goods and general merchandise. trust by the Central Trust Company to retire that amount of
The total imports were $9,276,721, against $7,295,138 the pre- • first
mortgage bonds at par, and $203,000 held in trust by same
ceding week and $7,676,266 two weeks previous. The exports company to retire a like amount of second mortgage bonds at
for the week ended July 19 amounted to $7,369,831, against 70
per cent; also, $553,000 of outstanding bonds and $50,000 in
$6,260,923 last week and $7,059,549 two weeks previous. The the company’s treasury.
following are the imports at New York for the week ending
The following is from the report submitted to the Exchange:(for dry goods) July 14 and for the week ending (for general “The company was organized in the spring of 1875, and its
merchandise) July 15; also totals since January 1:
road extends from Columbus, Ohio, to Portsmouth, Ohio, thence
FOREIGN IMPORTS AT NEW YORK.
up the Ohio River to a point two miles above Ironton, where it
connects with the Chesapeake & Ohio Railroad.
The road is
1881.
1880.
1879.
1878.
For Week.
132 miles long completed and in operation, of standard gauge,
Its equipment consists of 12 engines, 10 passenger
$2,955,759 iron rails.
$2,797,189
$2,238,040
$1,368,042
Dry Goods
6,320,962
7,191,200
coaches
300 traffic cars.
and
The floating liabilities do not
5,295,803
4,572,298
Gen’l mer’disc..
exceed $50,000, to meet which the company’s revenues are
$9,276,721
$9,988,389
$7,533,843
Total
$5,910,340
ample. Its assets in hand exceed all liabilities. There are
Since Jan. 1.
$70,347,725 $57,499,360 50,000 shares of stock, par value $50. The Scioto Valley Rail¬
$47,381,769
$11,533,239
Dry Goods
212,878,007 173,599,283
Gen’l mer’dise.. 117,244,974 123,402,710
way is the only western all-rail connection the Chesapeake &
Ohio Road has.
At the Ironton Junction the cars are trans¬
$158,778,213 $170,784,479 $283,225,732 $231,098,643
Total
ferred by boat, avoiding all handling or trans-shipment of
freight. The gross earnings in June last year were $27,894,
In our report of the dry goods trade will be found the imports
against $38,239 for June, 1881. The total bonded debt per mil&
of dry goods for one week later.
is $16,000, and its stock debt about the same.”
The following is a statement of the exports (exclusive of
Union Pacific.—It is expected that the Julesburg & Denver
specie) from the port of New York to foreign ports for the
line of the Union Pacific Railway will be completed by Septem¬
week ending July 19, and from January 1 to date:
ber 1. The line is 155 miles long and will shorten the distance
EXPORTS FROM NEW YORK FOR THE WEEK.
between Omaha and Denver about sixty miles.
543—The First
o
tal, $50,000; naid-in capital,
dent; Irving L. Pruyn, Cashier.
’
'
For the week...
Prev. reported..
$7,018,127
182,575,688
1881.
1830.
1879.
1878.
$6,748,315
169,778,614
$7,369,831
206,523,874
$8,915,703
213,143,486
$213,893,705
Total s’ce Jan. 1 $189,593,815 $176,526,929 $222,059,189
The following table shows
at the port of New York for
January 1, 1881:
EXPORTS AND
the exports and imports of specie
the week ending July 16 and since
IMPORTS OF SPECIE AT NEW
Week.
Great Britain
Since Jan. 1
$56,260
$
Mexico
South America
All other countries
Total 1881
Total 1880
Total 1879
Silver.
Great Britain
France
$20,020,221
$
5,000
10,900
165,656
60,017
$15,900
$285,933
2,088,887
1,932,619
$65,114 $28,298,963
1,908,386
16,904
729,099
34,271
$138,100
$5,858,945
2,000
Germany
West Indies
Mexico
South America
All other countries
45,084
1,450
18,580
$347
29,650
120,609
10,204
BANKING AND
Since Jan. 1
Week.
2,000
Germany
West Indies
from
Wabash St. Louis & Pacific—Pennsylvania—New Jersey
Central.—The Pennsylvania Railroad Company has just been
informed by the officers of the Wabash and New Jersey
railroads of their approval of the use of the Philadelphia &
Erie and Allegheny Valley roads as portions of the
system. Work on the connection between Red
Allegheny Valley and Youngstown,
2.639,641
4,731.450
347,264
160,873
296,368
103,151
France
been*
Central
Wabash
Bank in thfr
Ohio, has been begun.
Imports.
Exports.
Gold.
YORK.
Northern.—This narrow gauge road has just
completed to Melrose, in Montana Territory, 377 miles
Ogden.
Utah &
$121,066
-
32,086
19,585
60,389
467,867
895,059
99,172
11,985
BANKING
FINANCIAL.
_
DEPARTMENT.
& Hatch, No. 5 Nassau Street, f
New York, July 7,1881.
>
Office of FrsK
letters of inquiry as to tlie terms on which ve
accounts of banks, bankers, business firms and individ¬
uals, we issue this circular for the general information of those who
may desire to open accounts with a private hanking house in this
We are prepared, on the terms mentioned helow, to receive the
accounts of responsible parties in good standing.
1. Except in case of banks, savings banks, or other well-known cor¬
porations, or of individuals or firms whose character and standing are
In answer to numerous
receive deposit
city.
already known to us, we
an
require satisfactory references before opening
account.
rate of 3 per cent per annum on the aver¬
age monthly balances when the same amount to $1,000 or over.
22,780
accounts averaging less than $1,000 for the month we allow no interest,.
$72,404 $1,675,123
Total 1881
$138,100 $6,066,525
3. We render accounts current, and credit interest as above, on the
3,091,022
149,745
2,854,861
48,243
Total 1880
last
day of each month.
5,210,604
205,939
9,541,358
Total 1879
157,598
4. For parties keeping regular deposit accounts with us we collect and
Of the above imports for the week in 1881, $58,418 were credit United States, railroad and other coupons and dividends payable
American gold coin and $34,558 American silver coin. Of the in this city, without charge; make careful inquiries and give the best
information we can obtain respecting investments or other matters of
exports for the same time $15,900. were American gold coin.
financial interest to them *, and in general serve their interests in any
Boston Finances.—The annual report of the City Auditor of way in which we can be of use to them in our line of business.
Boston shows that the net debt of the city last April was
5. We do not discount or buy commercial paper, but are at all times
$26,005,620, a reduction of over $1,500,000 since the previous prepared to make advances to customers and- correspondents on
report. For the first time in twelve years, it is hoped that the bonds or other first-class and marketable securities.
rate of taxation will be materially reduced.
6. All deposits are subject to check at sight without notice.
24,337
37,499
2,472
2. We allow
interest at the
On
U. 8.
Oregon Pacific.—The Oregon
Pacific expects to have 130
Exchange, and weor in person for
telegraph
City.—Boston
Commission.
Advertiser.
We continue to buy and sell direct, without commission, all issues and
denominations of United States Bonds for immediate delivery at current
Philadelphia & Reading.—George M. Balias, Esq., has filed
with the clerk of the United States Circuit Court his twenty- market rates, and make exchanges for National Banks in the Banking
third report, showing that the balance on hand in the treasury Department at Washington, without trouble to them.
Our “ Memoranda Concerning Government Bonds” will be sent postof
.the railroad company May 2 was $248,423, the receipts
during the month from tolls, merchandise, traffic, &c., $2,550,-
miles in operation by next January, and will be
of the Oregon Navigation Company, even before
Union Pacific and the Northwestern at Boise
001; the disbursements, $2,358,266, leaving a
active rival
it meets the
an
balance on hand
One of our firm
is a member
of the New York Stock
give particular attention to orders by mail,
the purchase or sale of Bonds and Stocks on
.
THE CHRONICLE.
94
for bankers’ prime sixty days’ sterling, 4
and cable transfers, 4 8585%.
jlxjc jankers' (&a*itte,
's
O 1
V
I
D E N
Per
cent.
Company.
Railroad*.
Bald Eagle Valley
Boston & N. Y. Air-Line, pref..
Terre Haute & Indianapolis
Wab. 8t. L. <fe Pac. (quar.), pref..
Bank?.
German-Ameriean
Pacific (quar.)
..
4
1
4
1%
3
When
Books Closed.
Payable.
(Days inclusive.)
been rather inactive, compared with the large dealings a few
weeks ago. Of the 5 and 6 per cent bonds, about $577,000,000
have been continued at 3% per cent. All which have not been
continued have been called, and are to be paid on and before
October 1. The amount thus to be paid was at the beginning of
20 Aug. 10 to Aug. 20
1
15 Aug. 1 to Aug. 15
Aug.
Aug.
Aug.
2%
Aug.
Aug.
Insurance,
Continental
3%
On
Exchange Fire
5
Aug.
Lamar
3%
On
1 July 24 to Aug.
1
Do
dem
1 July 26 to July 31
dem.
com
50 cts.
Aug.
pref
$1
Aug.
1
1
Note.—The Louisville Cincinnati «fc Lexington dividend, published
in the Chronicle of July 3 9, should have been on pref. stock, not on cow.
NEW
The
YORK,
FRIDAY,
JULY
ZZ,
1881-5
July about $59,000,000, and at the end of July will probably be
about $55,000,000.
The
closing nrices at the New York Board have been
Interest
July
July
July
Periods.
16.
18.
19.
1
Miscellaneous.
Schuylkill Navigation,
84%@4 85 for demand,
United States Bonds.—The business in government bonds has
D s
Tbe following dividends have recentlv been announced:
Name of
[Vol. XXXIII.
I*. M.
Money Market and Financial Situation.—While the
money market has grown easier, the stock market has devel¬
oped a more decided tendency towards weakness than has
been seen for some months past. It is always difficult for
operators to separate the long and the immediate influences
bearing upon the values of stocks, and to distinguish between
the causes which will affect the price of a certain stock as a per¬
manent investment, and those which may put its price up or down
ten points within a few days, without much
regard to the actual
value of the property. At the present moment there seems to be
a double uncertainty, and the
crop prospects and future railroad
earnings
are as much discussed on tne one hand, as the probable
movements of the great operators and the possible strength of
the numerous outside holders are talked of on the other.
As to the long value of stocks, there is of course, strictly
speak¬
as
follows;
July. July
20.
21.
July
22.
Cs, continued at 3%.. J. & J. 102% *102% 102% 102% *102% *102%
102
102
102
5s, 1881
101% 101% 101%
reg. Q.-Feb.
4%s, 1891
reg. Q.-Mar. *114% 114% 111% *114% 114% 114%
4%s, 1891
coup. Q.-Mar. *114% *114% 114% *114% *114% *114%
4e, 1907
reg. Q.-Jan. *116% 116% *116% L1 G% *116% 116%
116% *116% 116% 116% 116% 116%
4a, 1907.
coup. Q.-Jan.
*130
*130
*130
*130
*130
6a, cur’cy, 1895..reg. J. Sc J. *130
*131
*130
*131
*131
*131
6s, cur’cy, 1896..reg. J. & J. *131
*131
*132
*132
*132
*132
68, cur’cyi 1897..reg. J. & J. *132
*133
*133
*132
*133
*133
6a, cur’cy, 1898..reg. J. & J. *133
*133
*134
*134
*134
*134
6s, our’ey, 1899..reg. J. & J. *134
*
This is the price bid at the morumg Doard; no sale was made.
The range in prices since Jan. 1, 1881, and the amount of
each class of bonds outstanding July 1,1881, were as follows;
Range since Jan. 1,1881.
Lowest.
Highest.
at 3%. 102% July 20 104% May 28
3 106% May 20
cp. 101% Jan.
5s, 1881
cp. 100% Feb. 24 105
May 26
6s.
Amount
July 1, 1881.
Registered.
Coupon.
$
con.
6s, 1881
4%8,1891..cp. 111% Mar. 10 116% May 31
3 118% June 3
48,1907
cp. 112% Jan.
es.cur’ncy.rcg. 127% Feb. 28 136
A]5r. 23
155,438,850
321,194,900
178,559,500
540,327,950
64,623,512
40,251,550
118,646,450
71,410,500
198,331,050
State and Railroad Bonds.—In State bonds the principal
transactions have been in Tennessees and Louisiana consols.
The Tennessees are weaker, and it is uncertain now whether the
Governor will convene the Supreme Court to pass on the Fund¬
ing, only one consideration, and that is, the capacity of the
respective companies to earn dividends. But that capacity ing law ; if he does not, the Court wi 1 not meet till December,
depends on numerous questions, and taking a practical view of and in the meantime the Funding iBoard will not proceed.
the present situation, we should draw the following conclusions: Louisiana bonds are strong at 68' and in demand for New
1. That there is no such decrease in the grain crop this year as Orleans account; they talk of getting the. next Legislature to
offer a new bond on better
to seriously affect railroad earnings ; a few roads in
terms,—possibly a 5 per cent bond.
special
Railroad bonds have been less active than usual, with prices
localities may lose some business. 2. As to the competition from
new lines now
building, it is apparent that in time it must be well sustained, except where they were influenced by the weak¬
ness in stocks.
severe ; but few of the important new roads can be
completed
Messrs. A. H. Muller & Son, sold the following at auction:
and in operation as active competitors before May, 1882, at the
Bonds.
Shares.
.
earliest.
3. As
to
rates, it would appear that there is little
ground for cutting on east-bound freight rates, since the ton¬
nage is heavy, ana wheai the managers are ready for it, a patch¬
ing-up of the trunk line difficulties is more probable than a Jong
continuance of hostilities.
It was said of Commodore Vanderbilt that as a railroad presi¬
dent he was never known to bear his own stocks, and that on
this simple fact rested the confidence which the public had in
him as a railroad manager. If this was true of the Commodore,
he was so remarkable among the railroad kings that we might
well apply to him the quotation, “ He sat upon his-throne a
sceptred hermit, grand, gloomy and peculiar, wrapped in the
solitude of his own
As to the money
80
50
15
10
80
100
200
31
Union
1,400 Wab. & West. RR. 6 p.
162%
Ferry Co
Citizens’ Fire Ins
167%
Second Ave IIR
114
New York City Ins
65
Merchants’ Nat. Bk.l382>137%
ct. ctfs for coups, from 2d
mort. bonds
106
350 Tol.A Wab.RR.6 p c.ctfs.
for coups, from 2d M. bds.105%
875 Dec. Sc E. Sfc. L. RR. ctfs.
for coupons,from 7 p. ct.
sink. fd. bds.
110
500 Citizens’ Fire Insurance
New York Gaslight
105
Chatham Nat. Bank
122
American Exch. Nat. Bk.130
3 Clinton Hall Associat’u.. 54
20 Old Dominion Steamship. 106
100 Mt. Carbon Rolling Mill.
1
reserved fund scrip
83
4,000 City & Co.of S. Francis¬
co 6s. coup., due ’88.1 CO%&int.
5,833 Va. def.scrip (Orange)
8
6,500 Town of Southfield,
Riehm’nd Co.,N.Y.,7s,du©
Aug. 1, 1881. Aug.,1874,
coupons on
6*4
Bonds.
$6,000 St ate of Missouri (Pac.
RR.) 6e, due 1886 Sc 1887.110%
3,000 State of Missouri (No.
originality.”
Mo. RR.) 6s, due ’86 Sc ’87.110
in question
market, the main
is whether we are
qi
Railroad and Miscellaneous Stocks.—The market appears
likely to have any stringency in the fall and winter months—say
from October forward. It is plain that the market has been sup¬ to be in a condition of uncertainty as to whether the great de¬
cline has already taken place or whether it is yet to come.
plied with about $150,000,000 gold and silver in a year, includ¬ Parties who
bought stocks at or near the best prices of this
ing the imports and the net amount of home production ; and if
the additions are not kept up, will money become scarce? There month or June, and are yet carrying them, probably feel as if
the decline had already come, while the shorts are equally con¬
is at present every indication that
the supply may be kept up.
This week money has been very easy, and time loans for sixty, fident in claiming that the market will go lower. Going back a
month and taking the best prices of June on some of the leading
days on government collaterals have been made at 2% per cent, stocks, we find
that they compare as follows with the lowest
while money for the balance of the year has been loaned at 3
week.
per cent.
On call loans the rates have been 2@4 per cent, point touched this
Highest
Lowest
Highest
Lowest
according to the collaterals. Prime commercial paper of two to
in June, this week
in June, this week
four months is quoted at 3@4^ per cent.
Canada Southern.
Michigan
Central.
114%
97
79%
62%
5338
44%
92% Mo. Kan. & Tex..
The Bank of England statement on Thursday .showed a Central of N. J... 104%
Central Pacific.. 102%
142 %
92% N. Y. Cent. & Hud. 151 %
decrease of £57,000 in specie for the week, and the
N. Y. Elevated ...113%
per¬ Chicago Burl. &Q 171
106
154
42%
110% N. Y. L. E.& West. 501*
centage of reserve to liabilities is 45%, against 44 15-16 last Chic. Mil. & St. P. 129%
Do
do pf. 1353*
32 %
129% N. Y. Ont. & West. 38%
week; the discount rate remains unchanged at 2% per cent. The
Northern Pacific.
46
122
39%
Bank of France gained 350,000 francs gold and 1,087,000 Chic. & Northw.. 132%
do
Do
pf. 88%
76%
pf. 144
138
francs
118% Phil. & Reading.. 62
37%
silver.. Last week (July 16) the figures given in this col¬ Del.Lack.& West, 128%
”'
umn
as an
increase should have been stated
as a
decrease of
14,900,000 francs gold and 1,175,000 francs silver.
The last statement of the New York
'
Hannibal & St. J.
93
Lake Shore
134%
Louisville & Nash 109%
Manhattan.......
30%
~
‘'
Texas & Pacific..
73%
Union Pacific.... 130%
90
120%
1<‘3%
Wab. St. L. & Pac.
60
59
125%
54%
do
do pf.
City Clearing-House
17%
95%
89%
banks, issued July 16, showed an increase in the surplus above Metropol. Elev... 98
84% West. Union Tel.. 94
88%
From the lowest point, which was generally reached on Tues¬
legal reserve of $4,653,675, the total surplus being $11,205,725,
against $6,552,050 the previous week.
day or Wednesday, there has been a shaip rally on many of the
The following table shows the changes from the previous week above stocks, and closing prices to-day on some stocks are mat¬
and a comparison with the two preceding years:
erially better.
The injunction against the payment of Western Union divi¬
1881.
1880.
1879.
Differ'nces fr’m
dends was vacated the day after it was granted.
July 16.
previous week.
July 17.
July 19.
The directors of the Milwaukee & St. Paul Company have
Loans and dis. $348,744,400 Dec.$4,112,400 $292,309,500 $262,719,800 voted to issue
$5,000,000' of new stock on the first day of
Specie
81,946,900 Inc. 4,218,400
20 011,700
70,615,500
October. Common and preferred stockholders of record on Sep¬
Circulation...
19.181.300 Inc.
32.100
19,488,700
20,531,600
Net deposits. 351,199.500 Inc. 1,356,500 292,238,500 240,154,300 tember 20 have the right to subscribe at par.
They must give
Legal tenders.
17,058,700 Inc.
774,400
20,915,400
50,508,900 notice in writing of their intention to take and pay for the
Legal reserve. $87,799,875 Inc. $339,125 $73,059,625 $60,038,575 stock on.or before October 15. Transfer books close September
Reserve held.
99,005,600 Inc. 4,992,800
91,530,900
7o,52o,600 20, and reopen October 25.
Union Pacific rights in the Oregon Extension
subscription
Surplus
($11,205,725 Inc .$4,653,675 $18,471,275 $10,482,025
are announced as follows : Each holder of fifty shares of Union
Exchange.—The rates for foreign exchange show a further Pacific has the right to subscribe for one bond of $1,000 at par,
decline, and there is no evidence of animation in the market. and will receive as a bonus five shares of the stock of the Oregon
The rates on actual transactions to-day are about 4 82%@4 83 Short Line
Company.
-
_
•
.
,
JOLT
THE
23, 1S81.]
95
CHRONICLE.
■
prices at the n. y. stock exchange for the week, AND SINCE JAN. 1.
baNGE IX
DAILY
STOCKS.
onturnay,
July 10.
RAILROADS.
Monday,
July 18.
Central of New Jersey
Central Pacific. v;
Ohio.;;;;
2d pref
Alton...-.----;;;;;;
Chicago Bnrlington A Qinncy..
Chicago & Eastera Illino1^Chicago Milwaukee A St. Paul.
Chicago*
Do
127
70
70
83
83
83
83
02 7e
04*8
0o:,4
64%
63k
64k
98 k
99
94
98*4
95%
29 k
94*4
95 78
95 k
94 k
42
*30
138
96 k
29 k
42
32
138
92 k
93
138
102
163
ico” ioik i'55 ” 159’’
29
42
32
138
29
*40
*30
28 34
*40
*30
127
70
70
81
63 *k
29
139
04
64 k
Do
138_
i'5’7 ” ib's ”
158
160 k
’ i‘57'
124% 125*e
138*2 138*2
138 7g 139^4
323*8 125*2
131
Cleveland Col. Cin. & Ind
Cleveland & Pittsburg guar
...
Hannibal & St. Joseph ... - -
prof
Texas Central
Illinois Central.
Indiana Bloom’ll &
W est., new.
International & Gt. Northern..
Joliet <fc Chicago
Keokuk & Des Moines
Do
Lake Erie &
Rake Shore
pref
41
103
41*8
*92*2
*23“
Loug Island—
- Louisiana & Missouri River...
Do
I>ref—
Louisville <fc Nashville..........
Louisville New Albany & Chic.
Manhattan
Manhattan Reach Co
pref.
2d pref.
Memphis <fc Charleston
Metropolitan Elevated
Michigan Central
Milwaukee L. Sh. & West., pref
Milwaukee & Northern
Missouri Kansas & Texas
Missouri Pacific
Mobile <fc Ohio
Morris & Essex
Nashville Chattanooga <fc St. L.
New York Central & Hudson
New York Elevated
New York Lake Erie <fc West
..
..
Do
pref.
New York & New England
New York New Haven & Hart.
New York Ontario & Western
Do
pref.
..
93*4
140
23
92
91
112
112*2
99*2 99*->
13734 138*2
52*4 53
107
95
18*4
40
Marietta *fe Cincinnati, 1st
104
121*4 122*2
105
10534
58
121
Western
Do
82
r
Columbus Chic. <fc Ind. Central.
Danbury & Norwalk ..... - - - -- -Delaware Lackawanna & W est.
Denver <fc Rio Grande
Dubuque & Sioux City
Do
Houston &
*79
13
8*b
82
90
58*2
122*8
IO834
98
19*4
41
14
9
84
90:>4
99*4 100 k
50
57 k
’40
’47*8
109*2 110 k
*35 *2 38
124*2 124*2
142*2
i 44
1 07 *2 107 k
42 34 4 3 *4
82*2
122
138
338
138*2 139
79
79
41
41*2
100
103
130*4 130*4
122
124 k
137
79
93
93
Northern Pacific
Do
pref
Ohio Central
Ohio & Mississippi
Do
pref
Ohio Southern
34*2
119 k 12134
104
100
90*8
92*2
*91
108
106
100
St. Paul & Duluth
Do
St. Paul Minneap.
..
1st pref.
<fe Manitoba.
At.'antic & Pacific Telegraph
Delaware & Hudson Canal
New York & Texas Land
Oregon Railway & Nav.
Pacific Mail
Pullman Palace Car
Sutro Tunnel
Co
53 k
57
’
78
85 k
87 k
97
53 k
98 k
54 3^
44 k
45 k
108 k
84
14234 143k
34
3434
00
83
32
38 7e
30
30
59*2
41k
81k
30
39
*80
82
142 k 143
107 k 107 k
82*4
82%
42 k
82 k
34
34 k
181
32 34
■
46*2
59 k
45
*50*2
41
79 k
30
38k 39»4
116
116
46
58
47
60*8
77
113
4234
77
113
100*2 107
43*2 44*2
61*2 02 34
43
5434
56
86
86
87*8
44 *2
44 *2
62 k
41k
80*4
28*4
30
38 k
39 k
60
,59
61k
109*2
107 k 108 34
50
48
105
lG5*e
48 58 493
1*2
48 k 493*
142
142
1*2
91k
*40
164
48*8
48
165
49
143
►
*lk
lk
88k 90*8
Wells, Fargo & Co
COAL AND MINING.
135
85
137
85
....
85
*
*70 k
*121
125
124 k
138*4
51*4
9,200
4,683
10,500
183,175
25,950
2,696
10,720
1.400
13
78
87
78
88
9734
99k
54
55
137
85
3534
77 k
84 k
98
54 k
88
99 k
55
308 k 109 k
36 k 86 k
36 k
*80 “ 80
142 »8 143 k
103
108 k
43
43 k
83
84 34
83
* *83 *
34234 143 k
107 k
106
43*4
43k
84
84 k
rl 82
33*4
34 k
34
34*8
58
39 k
77 3*
58
5534
25 k
58
41k
80 k
40
41
78k
80k
2934
30
29 k
30
39 k
3934
38k
25 k
29
43
59
140
47
29 k
43
59
3934
115
115
49
74 k
x
32,635
1.925
969
59 k
60
44
44
1,000
52k
1,350
4834
76
75*4
108 k 08 k ri 05
i‘,200
95
200
60
i’,950
76
108 k
2,800
500
*
*4*0*6
104
60
104
104
104
61*4
5934
61k
29
29
126k 127k 12678 128
54 k 5534
54*4 5534
90 k 91k
90k 91k
48
108
*.
xl63
48k
*142
lk
89
137
85
108k
48
163k
48
108*4 10834
164
48 k
49k
lk
89
90 k
50
134
49%
144
144
lk
137
85
-
*
145
70
125
125
48
48
*135
85
68
*
1,875
1,300
100
800
17,147
20
1,383
17,435
600
2,100
90 k
140,878
Consolidation
Coal
60
41
60 k
Little Pittsburg Mining
Manposa Land & Mining
2k
*2k
Maryland
k27
Coal
Ontario Silver Mining
,
Do
pref
Standard Consol. Mining
Cameron Coal
Central Arizona Mining
Cumberland Coal &
Dead wood Mining
Excelsior Mining
New Central Coal
Silver Cliff Minirnr
*
These
are the
Iron
20
74
60
59
41
Home8take.Mining
Quicksilver Mining
59 k
58
21*4
74
20 k
*73
2k
3k
28
21
7334
2k
27
19*4
72 k
*22
41
3k
41 **.
4%
-
3k
334
2k
”8
57
40
40 k
55 k
40
2k
2*4
2*4
2k
’ ”27”
19*4
72*6
5534
4
*26
*..*.***!
54 k
56 k
*26
72 k
23
40
71
71k
334
2
234
1,300
610
1,100
120,925
*8**
8
200
* *27
200
23
40
2*4
40
3k
8*
28*' *28*
prices bid and asked—no salo was made at the Board.
*27
200
2,950
71
40
3
900
19*4
23
22k
500
19*4
72
71k
2k
27
19k
19k
40
8,310
100
19
19*4
66k
28
27
120
Jan.
5 131
45
Apr.
7
71k July 13
37
69
Feb. 26
Feb. 24
48k Junel5
90
May 26
62 k
July 16
90
May 16 100
Jan. 14
Jan. 18 40k June 20
16
82 k Jan.
Feb. 17
4 112
80 k Feb. 25 102 k June 18
33
2034 Jan. 19
k May 14
32 y4 Jan. 12 48*4 May 14
23
Jan. 25
36 k May 14
132
Apr. 19 156 Jan. 5
140
Mar. 23 153
Jan.
7
154
July 20 132 k Jan. 17
90
Apr. 21 95 May 17
101 k Feb. 25 129*4 June 6
117
Feb. 25 140
May 26
117
Feb. 25 136
Jan. 19
131k Feb. 26 147 k Jan. 17
129
Feb. 26 148k May 21
40
Jan.
4 88
May 23
3934 July 20 51 Jan. 22
91
Feb. 25 109 k Jan. 24
41 k Feb.
1 68*4 June 22
Feb. 25 101 a4 May 23
81
127 *4 Jan. 29 142
May 10
1934Jan. 4 32 k Mav 20
60
May 24
May 12 77
Mar. 9
107
Jan.
4 131
82 k Jan.
4 113*4 Juno 7
J une14
76 k Apr. 8 88
4434Jan. 4 94*4 July
94
Feb. 26 118
July
8
57 k May
19
63
124
7
June 18
Feb. 26 106
4 146 k May 21
Jan.
48*4 May
50
130
14
41
38 k
118
44
2
6 92
Jan.
May 6
5 136k June 20
Jan.
Jan. 10 30*4 June 2
4
56
Jan. 27
Jan.
Jan. 4 6534 June 2
Feb. 25 13534 Jan. 20
June30
June 4 63
Feb. 21
16 k Jan. 26 38
June22 48
June23
42
79
Feb. 25 110k May 18
58
Jan.
7 117 k June 11
17 k July 13 46 k Feb. 14
34
Jan. 12
59k May 26
9
Jan.
4 24
May 2
6
Jan.
7 15
May 21
June 13
41
Feb. 18 93
Feb. 14
84k July 22 126
97
July 20 126k Jan. 20
42
Mar. 22 64k June 2
53
May 20 59 May 27
39 k Feb. 25 54
May 21
85
Jan. 28 114 k June 14
3934 June 23
18*4 Feb. 26
118
130
56
26
25
39
86
52 k
39
61
90
Feb. 25 131
Jan.
7 146
80
July 20
Apr. 14
Apr. 1
50
High
120
37
6134
50
40
80 k
14
45
63
29
15
2534
36*4
17
27*4
81k
90*4
97 k
99 k 159k
117
160
113
183 k
66 k II434
124 *»
99
87*8 130
104
146k
100 k 204
22
48
61
96k
106k 129 k
9k| 25*8
50 i
68 k
53
iiQk
61*a| 86k
60
22 k
83
50 k
63 k 105
49k 91k
99
k; 127 k
37 k
50 k
9
25
20k
43k
42 34
20*4
95
20
139k
24
77
174
30
21
109
30
50
334
2k
29*8
83
75
57*2
18
12k
43
121
130*8
28*8
49*4
12
29**4
123
June 3 100
Mar. 21 47 k 128
55
81 *4
115 k
42k
89 k
107
44 k
Mar. 24
Jan.
4
Feb. 25
Feb. 9
Mar. 8
3
12
June 14
June 3
June 29
May 4
May 25
July 9
July 18
73kJune 14
47*4 May 23
38
May 13
13134 July 2
7
Mar. 10
129
June23
July 19 14334 May 25
Jan. 4 86 k June 14
43k July 16
41k Jan. 4
4134 May 13
23
June 10 111
June 18
50k June
77 k May
Feb. 28
26
70
88 k Jan.
19k 35
42
15
42 k 112
34 k 66
25 k 48
65
33
100
60
40
25
50
79*4
88
67
30
47%
June30
80
11334
26 k 48
96*4 May 16
51k] 88%
60
81
June29 74*4 Feb. 12 50
53k
Jan.
5 56
May 26 32
92 a4
60
89% Jan. 4 115*4 Mar. 7
30
25
4
47
June
30
Jan. 15
147
Feb. 21 102
3 190
135
Jan.
4534Jan. 4 62*4 Feb. 18 27k 62
Ian.
3 107 k| 146
130*4 May 14 151
2 k Apr. 13
1
Feb.
6
k
4k
80 k Jan.
3 137 k June 20 77k1 116*2
77
Apr. 19 94 June20
46
34
57 120
757
62%
70
51k
200 112
.
American Coal
Colorado Coal & Iron
Low.
Highest.
113,420 105 k Feb. 25
30,900
39
Feb. 25
41,760 77 Feb. 25
lk
136
85
68
126
Lowest.
63
2,900
155 k
Jan.
3 122
39,237 140
127*4
2,135 103
May 4 130k Feb. 15 109
51*8
71,960 42k July 20 52k Jan. 15 30
93*2
6,550 8034 July 12 95 Jan. 10 47
60
May 10 84*8 June 11
180
164*4 Mar. 25 190 June 13 155
32 k
28- Jan.
4 43 k Feb. 2 20
13,995
90
Jan.
29
85 k
70
70
May 14
300
23 k July 14 25 k July 19
4,350 54 July 20 70 May 26
51
Mar. 17
20
36
32 34 Jan. 13
22,660
64 k Jan. 25 88*8 June 24 39 kj 67 k
76,300
23 k Jan.
28*8
11,285
5 37 k May 21 14
44 k
19,875
36k Jan. 4 47 k May 20 23
102
200
126
May 21 5734
9734 Jan. 8
400
29
July 21 37 k June 10
225
220 219k Jan.
7 280 June24 168
28*a
2,754
27*4 Jan. 4 67*4 June 22 18>
5,600 50 Feb. 25 73 k Feb. 9 13k] 72%
129
175 127
Jan. 19 142
May 17 112
30
59 k
Range Since Jan. 1, 1881. Year *880.
Jan.
6 102
Feb. 25 155
45
52k
49
47*55*5
43
58 34
140k
50
5,487
18,225
71,385
5.400
*28k
*89
70
124 k *124
74
45* * 45 k ’4*5 * *46 *
48
107*8 108
89k 90k
1,250
900
30
108
50
165
48
49
25,200
97 k
103 k 104 k
100
100
17k 1734
108k109
60 k
107
142k 142k
lk
lk
200
1,300
45
89
.
United States
13
43k
48
105
48 k
2,410
140
55 k 57
55
56*4
121k 122 k 122 k 123
43
48
f
300
6,220
19,520
10,525
11,800
51
42 k
91'
..
107,280
2,460
3,760
93*4 94
111*4 H2k
97 k
137 k
58
125*8 127 k
54 *8 55 *4
56 k
89 k 91*4
91k
55
..
109
109 k 112
06*4
125k128
127*2l28k
55*2 5634
91k 92*4
93 k
22 k
94
60
49
49 k
74k 75*4
112
112
30
129*4
56*8 57*4
91*8 92*e
90 k
25
55 k
106
105
1,325
139,910
333*
76k
45
89
49k
50*8
87
61*8
83
54
39 k
56
42 k
50
77
77
7534 76
113k
113*2 113*2 T12
50*8
4334
43
45
57 k 58 k
140
140
47
59
140
5,928
292*6*00
119k' *1*21% 120**4 121 k
10334
10134 103 k 103
29*4
.
650
7,450
22 k
261
45
52*4
25
25 k
58
42*4
82 k
30 k
25 k
56k
29*4
201
58 k
59 *i
42
82 k
31*2
3934
805
23*4
22*4
79
36 k
12334 12334
108
107
42 k 43 k
107*2 3 08
7«
107
35
36*4
I-I334
92 »4
93
*
13
88*4
9834
54**8
46 k
45
107*4 109 k
110,850
32,216
2,435
1,070
40
80
123 k 124 k
82
82*-.
100*4 101*4
101 «4
1104
108
98
9934
1734'18 k 17 k 18
86*2
97 k
54%
47
40 k
10634 l08
79
30*4
42
55k
80
42
*75
40 34
13634 ri37 '
51k
83
124
124
84
143
Western Union Telegraph.r....
Do
91
92
ex-cerfificates
90k
EXPRESS.
Adams
r135
*135
13634
American
84 k 85 k
.
5034
90
10834 110k
13734 138
97
13
35
128
Do
pref.
miscellaneous:
American District Telegraph
>
107 k
103
18 k
..
m
97
136
13 k
98*4 100
55
50 k
45*2
90 k
108k HOk
9*2 10
80
88
103
13*2
82*2
pref
Scioto Valley.'
Texas & Pacific
Texas & St. Louis
Toledo Delphos & Burlington
Union Pacific
"Wabash St. Louis &Pacific
90
'
”l4” ”14”
12934 12934
123 k 12434
138 k 139
34,080
100
93
22 k
122 k 120 k 122
18
19*4
19
101
51k
55
120 k
99*2 100
107
138
50 k
40
99 k
41k
29 k
112*4 314
123 k 124 k
138
13834
137
137k
*73
77
92
118k 120k
98
136
57
58*"
121k 322 k
21k
109
97 k
98
138 k
138
51*4 52 k
97
93*4
28*4
41k
2934
'
9134
109
110*2 110 k
92 k
93*8
120*2 122 k
104% 105
140
.
Do
IOO34
23*e
23'
83 k
81*2
31k>
38 k
58
Rensselaer & Saratoga
Rich.& Allegh., stock trust ctfs.
Rochester & Pittsbuig
Rome Watertown <fc Ogdensb’g
St. Louis Alton & Terre Haute.
Do
pref.
St. Lonis Iron Mt. <fc Southern.
St. Louis & San Francisco
Do
pref.
^
99
140
140
22 k 23*8
43 k
84
Panama
Peoria Decatur & Evansville...
Philadelphia & Reading
Pittsburg Ft. Wayne & Chic
41
138
138 k
136 k 137
75
75
39 3„ 40*4
98
100
•184
59
*42
pref
40
92*2
Norfolk «fe Western
Do
124
138*4
138 k
79
65 k
31
95 k
94 k
28 k
64 k
31
94
65 *8
11*5 " 118” i'lOk il5»4 iio’k i 12 k ii’i* 11334
138
407
137
*
.
Northwestern.......
piei...
Chicago Rock Isl. <fe Pacific..
.
Chicago St. L.
New Orleans..
Chicago St. Paul Minn. & Om
Do
prci.
Cincinnati Sandusky <fe Clev....
Chicago &
44 k
118
12234
132 k 132*2
130
553
500
70
94 k
9334 95
93*8 94
93 k
28
28 34
2?34 28*4
40
40k
40k
40%
2934 30
2934 30
139
137
137*2 ri37
154
Sales of
the Week,
Shares.
81
92*4
92 k
42
31
139
Friday,
July 22.
Thursday,
July 21.
Wednesday.
July 20.
Tuesday,
July 19.
For Full
PRICES.
LOWEST
44 k
%?S£S. Pittsburg & Western ..
Burlington
Cedar Rapids * No.
(1flTlRtlrl SOTlt'li^I U
Cedar Falls & Minnesota
DO
AND
■128
70
Chesapeake &
HIGHEST
60
35
31
15 k
Jan.
Jan.
Jan.
Jan.
5 140
6 88 k
4 75
4 142
May 23
3
Apr. 19
Jan.
July 15
lkJan. 6
34Jan. 4
Jan.
6
33k Jan. 10
13
Jan.
6
53
Jan.
5
2134 Jan. 6
25
Apr. 27
2
July 22
10
June 1
7
June 8
June 8
1
26
Apr. 27
3*4 Jan. 11
25
t Lowest price is ex privilege.
.
65
67
43
June 18 106 k 122
May 23 54
June 11 42
June 18 100
May 23
June 7
Jan. 15
29*4 Jan. 4
8*4 Feb. 7
9
Apr. 22
35
May 27
38k June 10
21 *4
July
75k July
27
7
7
Feb. 17
4534 May 26
7
20
14
7
-
Feb. 14
June 3
Jan.
3
Jan.
8
35*4 Feb. 9
7
Apr. 13
55
19k
28
26
6634
65
118
55
42 k
3934
39
lk 30k
2k
434
16
30
9
27
45
3934
24*4
78*u
20
34
2
23
21k
70
Ilk
25k
6
20
25 k
35
6
2k1
THE CHRONICLE.
96
QUOTATIONS OF STATE AND RAILROaD BONDS AND
Bid.
.
Carolina—Gs, old, J.it J.
Os, .old, A.&O
No. Carolina RR., J.it J.
N.
Michigan—
Alabama—
Class A, 2 to 5,1000....
Class A, 2 to 5, small —
Class B, 5s, 1900
Class C, 2 to 4. 1900.....
78
70
79
93
82
LOO
6s, 10-208, 1900
fts
1 XX'A
7s’
1SUO
1
Missouri—
102
109 lr.
110 %
111 "
112
112
no
Os, due 1882 or 1883
Georgia—6s, 1880
7s, new, 1880
7s, endorsed, 1880
30
15
15
13
13
Os, due 1889 or 1890
Asyl’m or Univ., due ’92
Funding, 1894-’95..
Hannibal it St. Jo.,’86.
....
10
118
120
07-V
08
Os,
Os,
Os,
Os,
loan,
1808-1898.
bonds, J.&J., ’92-8
Do
A.&O
Chatham RR
*
......
......
Do
Do
no
Consol.
Small
Ohio—
class 2
class 3..
4s, 1910
145
145
125
125
13
13
22
22
7
7
7
87
83
......
......
......
CH
8
8
8
8
90
0s, Act Mar. 23, 1809 )
non-fundable, 1888.. 1
Brown consol’ll 0s, 1893
Tennessee—0s, old, 1892-8
0s, new, 1892-8-1900
0s, new series, 1914
Virginia—0s, old
0s, new, 1800
Gs, new, 1807,
0s, consol, bonds
Gs, ex-matured coupon..
0s; consol., 2d series
0s, deferred
District of Columbia—
3 05s, 1924.
Small bonds
00
Railroad Bonds.
(Stock Exchange Prices.)
Ala. Central—1st, 08,1918
Atch. T. & 8. Fe—4 *2,1920
Balt.&O.—1st, 0s, Prk.Br.
Boat. H. & E.—1st mort..
Bur. Ced. R.& No.—1st, 5s
Minu.&St. L.—lst.^s.gu
Iowa C.& West.—1st, 7s
Fl’t* P. Marq.—M.Gs,1920
Gal.Har.it S.Ant’o—1st,Os
112
78%
10
79*2
102 *2
C.Rap.Ia.F.& N.—1st,0s 1044*!
Central Iowa—1st, 7s, ’99 110^1
Ckeasp. & O.—Pur. m’y fd.
87
88
Gs, gold, ser. B, int. def.
00
01
6s, currency, int. def
Os, gold,.series A, 1908.
1.23
Chicago & Alton—1st m..
107
Income 7s, 1883
115
Sinking fund, Os, 1903..
Joliet & Chicago—1st m.
.
120
La. & Mo.—1st m., guar.
2d mort., 7s, 1900
St. L. Jack.* Ch.—1st m
1st, guar. (504), 7s, '94
2dm. (300), 7s, 1898..
2d, guar. (188), 7s, ’98.
...
118
118
i*07“
100%
78, 1903.. £131
5s, sinking fund, 1901..
C. R.I.& P.—Gs,coup.,1917
£
Os, 1917, registered
Keo.& Des M.—1st, g.,5s
Central of N. J.—1st m.,’90 121
1st consol., assented, ’99
Cony., assented, 1902...
Consol mort.,
129“
129
no
iis
Adjustment, 7s, 1903... i05%
1stm., I. & I)., 1899
132
121
121
121
121
121
100
121
1st m.. C. & M., 1903....
Consol. 7s, 1905
2d mort., 7s, 1884
1st, 7s, I.& D. Ext.,1908
S. W. Div., 1st, Gs, 1909.
1st, 5s, La.& Dav., 1910.
1st S. Minn.Div.,Gs,1910
1st m., H. & D., 7s, 1910
Ch.& Pac. Div., Gs, 1910
1st Cliic.& P.\V.,5s,1921
Min’l Pt. Div., 5s, 1910.
& N. west.—S.f, 7s, 1885
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915..
Extension bonds, 7s, ’85
1st mort., 7s, 1885
Coupon gold, 7s, 1902...
Beg., gold, 7s, 1902
Sinking fund, Os, 1929..
Sinking fund, reg
IowaMidl’nd—1st m., 8s
Galena & Chic.—Exten.
Peninsula—1st m., conv.
Chicago & Mil.—1st
m..
Winona & St.' P.—1st m.
2d mort., 7s, 1907
C. C. C.& Ind’s—1st,7s,s. f.
Consol, mort., 7s, 1914..
C St.L.«feN.O.-Ten.lien,7s
C. St. P.M.& 0.—Cons., Os
C.St.P.&M.-lst.Gs,1918
No. Wise.—1st, 6s, 1930.
St.P.&S.C.—1st, 68,1919
Chic.& E.I11.—1st,s.f.,cur.
conv.
’92
Mort. 7 s, 1907
...
127
128
£
£
109%
98%
100% 107%
119
ho
112
......
m.
100%
99%
£112
100*4 108
133
130
125
145
Bonds, 7b, 1900
124
120
Del.&H.C.—lstm.,7s,1884 £100*2 107*2
1st mort., 78,1891
£110
1st mort., ext., 7s, 1891.
1st mort., coup., 7s, ’94.
1st mort., reg., 7s, ’94... £
121
121
1st, Pa. Div., cp.,7s,1917 £125
Beg., 7s, 1917
£127
Alb. & Susq.—1st iu., 7s 114
2d mort., 7s, 1885
Ist.cons., guar.7s,190G 120
.....
Bens, it Sar.—1st, coup.
1st mort., reg., 1921
Denv. & Bio Gr.—1st, 1900
..
1st, consol., 7s, 1910....
Denv. S0.P.& Pac.—1st, 7s
135
135
118*2
117
i()9" 109*2
E.T. Va.itGa.—1st cons. 5s £85
Erie—Ibc mort., extended. £
133
2d mort., ext’d 5s, 19i93d mort., 7s, 1883
i boi-j ho"
4th mort., ext’d, 5s, 1920 110
111
5th mort., ext., 7s, 1888.'
1st,consol., gold, 7s, 1920
Long Dock bonds.Ts. ’93
nominal.jg
Man. it St. Jos.—8s, conv.
Houston it Texas Cent.—
1st mort., 1. gr., 7s.
1st mort., West. Div., 7s
1st mort.,Waco it N., 7s
113
no
Income and indemn’y,7s
Gen. mort., Os, 1921
£113“
113%
no
110
112%!
136" i:h *2
%And accrued interest.^
90 %
3-Os, class C, 1900
3-Os, class B, 1900
1st, Os, Peirce C. & O.
Equipment, 7s, 1895..
j
I
So. Pacific of Mo.—1st m
Tex. it Pac.—1st,Os, 1905
no
115
Consol., Os, 1905
Income & I’d gr., reg.
1st,Bio G.Div.,Os, 1930
Pennsylvania RR—
Pa. Co’s guar. 4*2S 1st c.
Registered, 1921
115
128
128
120
126
Manhat.B’ch Co.—7s, 1899 £100
N.Y.& M.B’h—lst,7s,’97 106*2
Marietta & Cin.—1st, 7s..
1st mort., sterling
Ohio & Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s, 1911
1st m., Springfield Div..
Ohio Cent.—1st, Os, 1920.
lst m., Ter’lTr., Os, 1920
Ohio So.—1st M., Os, 1921.
Panama—S.F. suh.0s,1897
Peoria Dec. it Ev.—1st, Os
Evans. Div.,1st, Os. 1920
Pac. BBs.—C.Pac.—G.,Os.
San Joaquin Branch..
Cal.it Oregon—1st m..
j
i’12%'
i'1'7* *
Pitts.Ft. W.it Ch.—1st m
2d mort., 7s, 1912 ..
3d mort, 7s, 1912...
Clev.it Pittsb.—Cons.,s.f
4tli mort., Os, 1892
Col. Ch.it I. C.—1st, cons
2d con., 7s, 1909
i*30
130
127%
100%
62*a
125
100a4
108
95
‘
ip
<4
72
72
74
37%
37
37
121
82 Hj
45
10
17
112
2d m., guar., 7s, 1898.
Rome W.&Og.—Con., 1st.
Roch.it Pitt,—1st,Os,1921
Rich.it All’g.—1st,7s, 1920
Scioto Val.—1st, cons., 7s.
St. Louis & I. Mount.—1st
2d mort., 7s, 1897
Arkansas Br.—1st mort.
Cairo it Fulton—1st m..
CairoArk.it T.—1st in.
98
85
Mil. L. S. it W.—Incomes.
Mob.it O.—1st pref.deben.
2d pref. debentures
3d pref. debentures
4th pref. debentures...
£81
97 *2
“98
03
69
64
64
92
•58
N.Y.LakeE.itW.—Inc.Os
128*4 N.Y. P.it O.—1st inc.ae.5-7
00
112
118
bo'
N.O. M.it Tex.—Deb.serip
•Ohio Cent.—Income, 192(1
Ohio So.—2d Iuc., Os,1921
63
55
114*2 Ogdensb.it L.C.—Inc. 1920
109*2 Peoria D. it Ev.—Incomes
97
l05*s
86
Evansv. Div.—Inc,,1920
Both, it Pitts.—Inc., 1921
St. Louis I. Mt. it So.—
50
"58*
1st, 7s, pref., int accum
2d, Os, int. aec’mulative
99
92
100*2
St’gLitR’y—Ser.B.,ine.’94
Plain Income Gs, 1890..
St.L.A.&T.H.—Div. b’nds
Tol.Del.it B.—Inc.Os,1910
94
*33* "38 ‘
75
61
£50
Dayton Div.—Os, 1910..
“60*
Tex.it St. L.—L.g.,inc.1920
Miscellaneous List.
(Broker's Quotations.)
107% Bost.
2
Hartf. & E.—Stock.
55
Chic.it Can.So.—1st, g., 7s
102
i04‘ Chic. & S’west.—7s, guar. tl20
80*2 81
Cin. Ind. St. L. it Chic.—
99% 100
107
1st mort., Os, 1920
Cin. & Ind.—1st, 7s, ’92. 110
102
105
2d, 7s, 1887
Ind. Cin. & Laf.—7s, ’97 113
140
£138
110
7s, 1888
Col. <t Hock.Val.—1st, 7s. tll4
120%
tl05
2d mort., 7s
£125
Col. & Toledo—1st m., 7s. 120
£112
115
2d mort., 7s
135
£11 i
2*4
62
124
114
■
...
123
1st, Tr’t Co. ctfs., ass’d
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl. 1.22"
St.L.V.&T.H.—PsLg.,7s £
2d mort., 7s, 1898
111"
110
117*2
Co.itW.—1st,0s|
111% 112%
122%
Consol., 78, 1898
106%
2d mort., 7s, gold, 1883.
Cecilian Br’ch—7s, 1907 110%
N.O.«tMob.-lst,6s,1930 104.
E. H. <t N.—1st, Gs, 1919 104%
Gen’l mort., Os, 1930.. 100
Pensacola Div-—Os, 1920 105
St. L. Div.—1st, Gs, 1921
£60%
2d mort., 3s, 1980
Nashv. & Dec.—1st, 7b. £
S.& N.Ala.—S.f.,0s,1910
L. Erie it W.—1st, Os,1919
106
Sanduskv Div., 6s, 1919
Laf. B1.& 5l.—1st, Os, 1919 £
Louisv.N.Alb.&C.—1st,Os 1007,
N.Y.Pa.&O.—Pr.l’n,6s,’95
N.Y.C.& N.—Gen.,0s,1910
N.Y.& New Eng.—1st, 7s.
1st m., Os, 1905
Nevada Cent.—1st m., 6s.
N. Pac.—G.l.gr.,lstcon.6s
Registered 6s, 1921
N. O. Pac.—1st, Gs,g.,1920
N orf. it W.—G. l,m. ,6s, 1931
!
ii'4“j
87
Indiauap. D.it Spr.—1st,7s
Int.it Gt.No.—1st, Os, gold
1st mort., reg., 1903 ..
Huds. R.—7s, 2d, s. f.,’85
Canada So.—1st, int. gu.
Harlem—1st m., 7s, cp..
1st mort., 7s, reg.,1900
N. Y. Elev’d—1st, 7s, 1900
|
ibd%
109
111*4 113
107%
Cent. Br. U. Pac,—1st,Os 108
Funded coups., 7s, ’95. £110
A tell.C. it P.—1st,Gs, 1905 £103*2 104
103*2 104
At, Jew.
Utah So.—Gen., 7s, 1909 112
Mo. Pac.—1st consol., Os
108%
120
3d mortgage, 7s, 1900. £119
113
Pacific of Mo.—1st, Os ..
i'12" 115
2d mort., 7s, 1891
St. Ii.it S.F.—2d, Os, cl. A 107*2 109
|
100
Ill.Cent.—Dub.it
Dull, it S. C., 2d Div., 7s £107
Ced. F. it Minn.—1st m. £
Ind.Bl.it W.—1st, pref., 7s
6s, subscription, 1883..
N. Y. C. & H.—lstm.,cp.
1
1
110
L33
no
S. C., 1st iof"
Lake Shore & Mich. S.Micli. So. it N.I., s.fd, 7s
Cleve. & Tol.—Sink. fd..
New bonds, 7s, 1880.r
Cleve. P. it Ash.- 7s...
Buff, it Erie—New bds.
Buff. & State Line—7s..
Kal. & W. Pigeon—1st .
Det.M.it T.—1st,7s,1900
Lake Shore—Div. bonds
Consol., coup., 1st., 7s
Consol., reg., 1st, 7b...
Consol., coup., 2d, 7s..
Consol., reg., 2d, 7s ...
Louisville. & Nashville—
i;ib”
registered
72
Lehigh it W.B.Coal—1888
Laf.Bl.itMun.-Inc.7s, ’99
118*4
Sinking funds, 8s, ’93 129
Registered 8s, 1893...
Collateral trust, Os— £109“
Kans. Pac.—1st, Os,’95 110
£114*2
1st m., Os, 1890
Den. Div.,Os,ass’d,’99: 113*2
1st cons., Os, 1919... 109
£109% 110*4
2d, eousol., main line, 8s
2d, Waco it N., 8s, 1915 £
..
120
7s of 1871-1901
£98" ibo"
small
Do
9^
106
SECURITIES.
Pacific.—Continu’d
State Aid bonds,7s,’84
Land grant bonds, Os.
West. Pac.—Bonds, Gs
So. Pac. of Cal.—1st, 6s.
Union Pacific—1 st mort.
Land grants, 7s, ’87-9.
101
.......
£113% 114% Metrop’lit’n El.—1st,1908
2d mort., Os, 1899
120% 128
125%
Mich.Cent.—Con.,7s, 1902
no
1st mort., 8s, 1882, s. f
110%
110
110%
Equipm’nt bonds, 8s,’83
Os, 1909
£103
10334
Coupon, 5s, 1931
Registered, 5s, 1931 —
125
127%
Jack. Lan.it S—6s, 1891
£105*2
Mil.&No.—1st, 4-5-Os, 1910
123
Mil. L.S.&W.—1st 08,1921
Mo. K. & T.—Gen.,con.. 6s
Cons., assented, 1904-0.
113
2d mort., income, 1911..
H. & Cent. Mo.—1st,’90.
103% 104% Mobile & O.—New m., 6s.
112
Nash.Chat.it St.L—1st, 7s
.•
2d, 6s, 1901
112
N. Y. Central—6s, 2883
109
il4*‘
6s, 1887
6s, real estate, 1883
Svr.Bing.& N.Y.—1st,7s
2d mort., 1891
i'27"
125
£125
Morris <t Essex—1st
118
107
111
132%
£122%
£126
....
1st, La Gr. Ext., Gs,1910
2d mort., 7s, 1904
Gulf Col. it S. Fe—7s, 1909
MISCELLANEOUS
ceu.
1st mort., 3-4-5-Gs, 1909
2d mort., 3-4-5-0s, 1909.
Miss.R.Br’ge—lst.s.f. Os
C. B.&Q.—8p.c., 1st m.,’83 ioo
Leh.&W B.—Con.g’d.as.
Am. Dock & Im— Ass’d.
C. M. &St. P.—1st,8s,P.D.
2d m., 7 3-10, P. D., 1898
1st m.,7s, $ g., R.D.,1902
1st m., LaC. Div., 1893..
1st m., I. & M., 1897....
AND
BONDS
Do
9
104
109
107
112
Funding 5s, 1899
114
Os, coupon, 1893-99
Aak,
109^2
Registered
Rhode Island—
Erie—Continued—
B uft. N. Y.& E.—1 st, 1910
N.Y.L.E.&W. - - N e w 2 d, 0
1st, consol., fd. cp.. 7s.
2d, consol., fd. cp., 5r.
Bid.
SECURITIES.
South Carolina—
112
Os, 1880
loan, 1 891
loan, 1892
loan, 1893
Ask.
30%
30 %
0%
Special tax, class 1, ’98-9
......
1883.
RAILROAD
Do
New
Os, gold vopr.j 1887
114
7s, consol., 1914
7b, small
Prices
-
New York—
112
111
111
Louisiana—
W.—7s,
109
’87.
do
Do
7s. gold, 1890
Del. L. &
A.itO...:
Do
coup, off, J.itJ.
Do
coup, off, A.itO.
Funding act, 1800-1900.
Do
•
Arkansas—
6s, funded, 1899-1900...
7s, L. Bock & Ft. S. iss.
78, Memo. & L.Boek Jilt
7s, L. R.P. B.& N.O. Bit
7s, Misa. O. & B. B. Bit.
7s, Arkansas Cent. lilt.
Connecticut—Gs, 1883-4..
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
MISCELLANEOUS SECURITIES.
BONDS.
STATE
SECURITIES.
; vol. xxxm.
98
125
123*2
123
100
100%
108%
107
120
108
£110
114
112% 113*4
113
113%
112
92
Des M.it Ft.Dodge—1st,Os
Galv.H.it Hen.—7s, g.,’71
Gr. Rapids & Ind.—1st, 7s
1st mort., 7s, guar
Ex-land grant
Stock
:
Indianap. &Vinc.—1st, 7s
2d mort., Os.
Kansas it Neb.—1st mort..
100
80
113
tll5
101
18
111
102
80
124
118
108
85
122
105
23
85
42
2d mort
Long Island—1st mort.
2d mort
Stock
Midland of
—
112
100
1
•
68
98
18
14
64
N.J.—lst,newIncome, “A”
Income, “B”
95
16
12
36
:
Stock
93*4 N. J. So.—Int.
Gen.c.r’y& l.g.,5s,1931..
guar.,6s.’99 107%
St.L. Alton it T.H.—lstm. £11560
N.Y.&G’nw’d L.—1st,7s,n
2d mort., pref., 7s, 1894. 115*4
16
2d mort
109
2d mort., income, 7s, ’94 £100
100*8 100--*8
85
St. Joseph & Pac.—1st m.
Belleville&S. Ill.—lstm.
87*2 88%
40
2d mort
130
128
St.P.Minn.it Man.—1st,7s hi
17
St. Jos. <t West’n—Stock.
109
2d mort., Os, 1909
South Side* L. I.—1st, 7s. 100
Dakota Ext.—6s, 1910.. 107% 109
93
Tex. & St, L.—1st, 6s,1910
Tex.Cen.—1st,s.f.,7s, 1909 114
Utah Central—1st mort.. 108
90
105*2 Tol. Del. it Bur.—Main. Os
97% Utah Southern—1st mort. 115
£
97% Wis.Cent.—1st series, new
105*2
1st, Dayt. Div., 6s, 1910 £
78
98
i*oo“
£
1st, Ter’l trust, Os, 1910
57
2d series, new
101*4 W. St. L. & P.—Gen. m., 6s 101% 102
96
107
99
106
Chic. Div.—5s, 1910.....
Southern
105
94
94*2
Hav. Div.—6s, 1910
(Broker's Quotations.)
Tol.P.&W.—1 st, 7s,1917 118
119
;
11034 111
STATES.
Wabash—Mort. 7s of ’09 108
83*2
So. Car.—Consol. 6s(good) 104
112
Tol. <t W.—1st, ext., 7s
il5
Browne, consol
114
1st, St. L. Div., 7s,1889 113
55
Virginia—New 10-40s —
2d mort., ext., 7s, ’93.. £111
112
11934
RAILROADS.
Equipm’t bonds,78, ’83
£105
Atl. it Gulf—Consoles,’97 110
115
105
105*2
Consol., conv., 7s,1907 112
Gt, West.—1st, 7s, ’88. £
112*4 Atl.it Charlotte—1st, 7s.. 109
£109*2 111
93
104
112
2d mort., 7s, 1893
Income, Os
75
Stock
104*2
Q. <t T.—1st, 7s, 1890. 110
£
98
Car.
Central—
1st, Os, 1923
Ill.&S.I.—1st, 7s, 1882 £102
136*2 137*2
Cent. Ga.—Consol, m., 7s. 116%
Han.it Naples—1st, 7s
136*2
110
Stock
110
St.L.K.C.&N.—R.e.,7s £113
Om.Div.—1st mort., 7s 117% 118 34 Charl’te C.&A.—Consoles 108
100
100*8
105
2d mort., 7s
Clarinda Br.—6s, 1919
Stock
55
St.C.B.—1st, 7-8s,1908
Chic. St.L. it N.O.—New 5s
No. Missouri—1st, 7s. 123
125
116
110%
E.
Tenn.Va.
it
West.U. Tel.—1900, coup.
Ga.—1st, 7s tll7
121%
tll5
95
121% Georgia Railroad—7s
1900, reg
....
Os
tllO
Spring Val. W. W.—1st, Os
165
Stock
110
Oregon RR.itNav.—1st,Os 108
Memph.itChar.—1st,cons. 117
£103
INCOME BONDS.
104
104%
1st, copsol., Tenn. lien.. 117
Miss. Central—1st m., 7s. 107
(Interest payable if earned.)
108
2d mort., 8s
101
Ala. Cent.—Inc. 6s, 1918.
N. O. it Jackson—1st, 8s. 117
100
Central of N. J.—1908....
100% 108
117
106
115
124
2d
mort.,
Chic, St.L.itN.O.—2d, 1907
Certificate,
8s.
£122
75
75% Northeast., S.C.—lstm., 8s 125
£121% 122% Col. Chic.<t I.C.—Inc.7s,’90
119
2d mort., 8s
120
Cent. Ia.—Coup. deh.certs.
120
Port Royal it Aug.—1st,6s 105
119% Chic.St.P.&M.—Lig.mc.6s
119
ho" Rich.it Dan.—1st, cons.,Os 107%
102% Chic, & E. Ill.—Inc., 1907
104
Stock
98
102% E.T. Va.it G.—Inc,,0s,1931
South w. Ga.—Conv. 7 s, ’80 120
97
Ind.Bl.it West,—Inc.,1919
95
130
Stock
Ind’s Dec,<t Spr’d—2d inc.
76
S.CaroiinaRR.—1st m., 7s 106
Trust Co. certificates...
109*4
45
Stock, assessment paid.
ios 109% Int. <t Gt. North.—2d Inc.
2d assented, Os, 1909....
£99“ i'01"
7s, 1902, non-enjoined.. 120
115%
75
Non-mort. bonds
70
77
111% Lake E. &W.—Inc, 7s, ’99
07
76
Western, N. C.—1st, 7s... 107%
!
107%
•**4
104
37*2
•
-•••«
61
20
90
45
22
106
94
78*4
59
Securities
106
......
...
.iof"
—
£"::::
......
•
Sand’ky Div.—Inc,, 1920
£ No price Friday—these are latest quotations made this week-
56
115
112
97
80
102
118
120
no
106*3
58
120
120
112
IY 5
120
....
,
‘
no
112*3
120
120
110
105*3
....
.*
54
122
80
108*3
THE
1861.]
July S3,
Quotations m Boston, Philadelphia and Baltimore.
Local Securities.
New York
97
CHRONICLE
Insurance Stock List.
,
Chase
Chatham
Chemica
Citizens’
City
Commerce
...
Exchange*
East River
Eleventh Ward*
Fifth
Fifth Avenue*
First
Fourth
Fulton
Gallatin
German
German
American*.
Exchange*.
Germania*
Greenwich*
Hanover
Imp. andTraders’...
Irving
Island City*
Leather Manut’trs’.
Manhattan*
50
100
25
25
17
20
70
100
30
50
100
40
100
30
165
113
200
220
200
10 J
'.25
135
no
loo
225
230
15
105
170
50
120
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
03
110
12)
180
100
118
270
65
Metropolis*
Metropolitan
121
130
:131
100
100
100
100
100
100
70
SO
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
Nassau*
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North River*
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
8t. Nicholas
.
State of New York..
Third
Tradesmen’s
Union
United States
West Side*
Broadway
Brooklyn
Citizens’
City
Clinton.
Columbia
Commercial
Continental
Eagle
Empire City
Exchange
Farragut
120
Firemen’s
121
115
Firemen’s Trust
Franklin & Emp....
German-American..
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hoffman
Home
Howard
Importers’ & Tr’d’rs
Irving
141
140
Jefferson
Kings County (Bkn.)
Knickerbocker
; 120
...
Lafayette (Br’klyn).
Lamar
Lenox
Long Island (B’klyn)
Lorillard
Manufac’rs’ & Build
9*0*
134
105
140
Montauk (Brooklyn)
Nassau (Brooklyn)
National
New York Equitable
New York Fire
...
101%
New York & Boston.
New York City
Niagara
North River
■
162
145
100
100
Manhattan
Mech. & Traders’..
Mechanics’ (B’klyn).
Mercantile
Merchants’
103
Mount Morris*
Murray Hill*
American
American Exchange
Bowery
50
100
100
25
50
25
100
50
50
100
100
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Exch’ge
1145
....
100
Marine
Market
8eventh Ward
Second
Shoe and Leather.
Sixth
Ask
170
Pacific
Park
Peter Cooper
People’s
140
Phenix
Relief
Republic
Rutgers’
Standard
Star..-.
Sterling
Stuyvesant
Tradesmen’s
United States
Westchester
Williamsburg City..
25
50
50
50
50
50
37%
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
117
170
70
110
240
3)0
72
140
145
100
1H5
157
123
05
75
150
200
60
112
| 85
43)
100
85
70
80
100
15)
85
125
117
150
118
155
110
05
65
185
110
230
125
200
115
135
00
75
150
130
110
70
115
105
130
115
210
Passumpslc, 7h, 18U,.
101%
111% 112
...
do
7s
Fort Scott & Gulf 7s
Hartford & Erie 7s
120
70
150
120
170
130
00
130
K. City Lawrence & So. 4s...
Kah. City. St. Jo.&C. B. is. .
Little R’k & Ft. Smith, 7s,1st
New York & New Eng. 6i
112X 1’2%
122
Ts
do
New Mexico & So. Pac. 7 *... 121
...
ioo’
jgdensburg A Laae Cu.fi
do
Inc
Old Colony, 7a
.
Colony, 0a
123
Pueblo & Ark. Valley, 7s
Rutland 6s,let mort
Vermont&Maas. RR.,6s
Vermont & Canada, new 8a..
144% 144%
165
60
80
100
11,4
240
130
210
120
140
95
8)
140
115
80
lio
140
121
City Railroad Stocks and Bonds*
Gas Companies.
Par.
Amount. Period
[
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
do
bonds
~25
20
.....
1,000
„
Harlem
50
20
50
100
Var.
100
Jersey City & Hoboken.....!..
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
do
bonds
Nassau, Brooklyn
do
N«w York
..
1,000,000
700,000
4,000,000
1,000,000
1,000
375,000
Var.
125,000
50
406,000
50 1,000,000
scrip...!...,
.
.
New York
...!.!.!!..!
do
bonds
Metropolitan, Brooklyn
Williamsburg
Municipal
100
100
!
bonis
Fulton Municipal
2%
3%
4
3%
M.&N.
7
0
3
2
0
Var.
F.& A.
Quar,
1,000 1,000,000 A.* O.
„
7
3
7
7
6
A.
Var.
M.&N.
M.&N.
J. & J.
1,000,000 M.&N.
3.000,000
750,000 M. &N.
2%
5
0
*ioo f1,50),0001
Date.
*
Bid. Ask.
123
55
!05
107%
>88
Feb. ’78 85
J an., ’81 150
100
201
Ap ., Vil 199
Feb., ’81 xl48 150
Feb.. ’81 xlOL 10«
r| t
July, *81 69
1882
100
104
Dec. ’80 62
04
100
May, *8! 05
104
May, ’81 102
40
Jan., '70 35
101
1897
105
1900 &c 80
90
05
July, ’80 00
Jan.. ’81 60
05
101
1900
104
’81
63
05
July,
170
June, ’81 175
105
188S
110
70
-I 05
1898
m.
1st
mortgage....
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn &
Hunter’s PtSt’k
1st mortgage bonds
Bushwick Ay. (B’klyn)—Stock.
.Central Pk. N. & E. Kiv.—Stock
Consolidated mort. bonds
Christopher & Tenth
St.—Stock
Bonds
Dry Dock E.B.& Batt’ry—Stock
1st mortgage,
consolidated
Eighth Avenue—Stock
1st mortgage
42d St. & Grand St. Ferry—St’k
1st mortgage
Central Cross Town—Stock
1st
..
....
mortgage...
Houst.W estSt.&; Pav.F’y—St’k
1st mortgage
Second Avenue—Stock
3d
mortgage
Consol, convertible
Extension ....."
Sixth Avenue—Stock
1st
1,000
100
1,000
100
1,000
100
500
100
*
*
.
*
o>n nnn
500,000 JA
j
1,000
1,050,000
100
1,000
.
...
1,199,500 J.&J
150,000 A.Oit).
1,000
mortgage
203,000 J. & J.
748,000 M.&N.
230,000 A.&O.
600,000
200,000 M.&N.
1,000
oOO&c
R'O
iCLm*ort«a«e
imrd Avenue—Stock
Twenty-third Street—Stock.
100
200.000
750,000
500,000
2.000,000
2,000,000
600,000
M.A \
M.&
.1 &'••
I. A J
l -F.
J &.T.
F. &A.
'
900,000 J. & J.
1,000
004,000 J. & J.
100 2,100,000
1,000 1,500,000
10 2,000,000 Q-F.
1,000
300,000 M.&N.
100
200,000 Q-J.
100
400,000 A.&O.
1,000
300,000 J.&J.
100
500,000 J. & J.
100 1,800,000 Q—J1,000 1,200,000 J. & D.
100
650,000 F.&A.
1,000
250,000 J. A ,J.
100 1,200,000 Q-F.
500* c
900,000 J. &D.
100 1,000,000 Q-J.
H July. ’81 23% 20
7
J ’ly,1900 il8
115
2
July, *P1 132 135
7
June, ’84 103*3; 106
5
May, ’81 180 200
7
3
2
7
Nov., ’80 102
July, ’81
July, ’81
110
140
95
150
100
1888
102** 105
100
2% July, ’31 95
2
July, ’31 122 127
7
Dec.1902 113
110
05
2% Feb., ’81 00
7
1898
100
110
3
200
May, -811190
7
114
118
3
,
’81 185
7
110
81 100
0
May, ’81 185
7
iib
Apr., ’93 no
50
7
105
NOY.i904
lio
50
.
....
i Vo
duly. ’94 105
112
2% July, 81W1C5
7
Apr *85 10U
102*
7
ct., ’80 i07's 110
7
,
7
5
7
5
7
4
7
Sent,.’83 103
Feb., ’«! 200
J my, ’00(110
May, ’81! 180
July, ’90:112
Feb.,’81 145
1115
114
155
112
^jst mortgage
May. ’03 105
1.000
250,000 M.& N.
'
This coiumn shows last dividend ou stocks, but the date of maturity ofbonds.
50%
135
00
73
common.
Iowa Fall * * Sioux Ciiy
Little Rock A Fort Smith....
Manchester * Lawrence....
04
'
74%
Mar. Hough. A Oat
120
Mar. Hoagh. & Oat., pref...
150
Nahsua* Lowell
76%
New York * New England...
Northern of N. Hampshire... no
7«, 1895...
do '
5s, 1985...
Ithaca* Athens 1st g d, 7s.,’9fi
Junction 1st mort. 6s ’82
do
2d mort. 6s, 1900
Lehigh Valley, 1st,6s, cp., 1898
do
do reg., 1893.
do 21 m. 7s, reg., 1910
do
con. m., 6s,rg., 1923
do
do
6s,<p.,19j3
Little Schuylkill, 1st m. 7s,’32
N. O. PdC., Ut in.. 6s, 1P20
North. Penn. 1st m.6s, cp.,’85.
do
2d m. Ts,cp., '96.
do gen. m. 7s, cp., 1903.
75
123
155
do
gen. m.
131
119
113
01%
no
122
123
122%
187
'140
123
...
122%
...
100
...
107%
122
....
124
7s, reg., 1905
do new loan-a,re^
Oil Greek 1st in. 7s, coup.,’8*
flttsb. Tlt.usv. & B., 7s, cp.,’%
do
Scrip
Fa.&N.Y.C.A RR. 7s,1894
do
1900
Pennsylv.,gen. m. 6s, cp.. 1910
do
gen. m. 6s, rg., 1910.
do
cons.m. 6-, rg., 1905.
do
cons. m. fis. cp., 1905.
do
< o
51
do
do
4%s
Penn. Co Cs. reg
Perklomen 1st m. 6s,coup.,’8 i
Phlla. * Erie 2d >n. 7s, cp., 88
do
co.is. mort. 6s. 920
do
po
5s, 920
Phlla. Newt’n & N.Y.. 1st m
Phil.* R. lstm.es,ex. due 19 0
do
do
mo
do
2d m.. 7s, cp..93.
do
cons. m..7s,cp., 1911
do
do
reg.,l'Jl:
do cons.m.6sg.irt«J1911
do lmp.m.,6sg„ 0.1897
do gen. m. 6j, g..C.l?03
do In. m., 7s,coup.,’896.
do d :b. coup., 1*93*
do
co
c.up. off, 1693.
do ccrip, 188<s
05
110
101%!....
R4% 105
129%
120
108
ib'7%
104
98
107
118% 12 i
io?%
108%
120
125
125
127
120% 127
93%
04
00
01
73
do conv. 7s, R. C., !893*
do
7s, coup, off,’93 03
Phll.&R.Coal&Ir’n deb.7s.92*
deb. 7s. cps.off 02
do
do mort., 7s, 1892-3.....;
105
155
Norwich * Worcester
Phlla. Wllm. & Balt. 6s, ’84....:
53
Ogdensb. * L. Champlain ...
124%
Pitts.Cln.&St. L. 7s, cou.,1900
do
pref..
do
do
131
7s, reg., 19i'd
Old Colony
Rich.* Danv.cons.lnt.es,19 5
Portland Saco & Portsmouth
Shainokm V.& Pottsv.7s, 1901 110
141%
Pullman Paiace Car
Steubenv.
& Ind. 1st, 6s, 1884. 103%
x29% 30%
Rutland,
preferred.
Revere Beach *
78
Stony Creek 1st m. 7s 1907
15% Sunb. Haz. & W..lst mMSs.’S).
1*0
15
Lynn
Tol. Del. & Bur
Vermont & Massachusetts..
Worcester* Nashua
20%
26
pref
115
116%
do
do
do
lcl
ioi’%
5s, new, reg., 1892-1902
68,10-15, reg., l«77-’82.
68,15-25, reg., *382-’92.
4s, reg., 1894-1904
Philadelphia, 5s reg. do 6s,n., rgM prior to’95
do 4s, various
RAILROAD STOCKS.t
Allegheny Valley.....
Buffalo Pitts. & Western....
do
pref.
Camden * Atlantic
do
do
pref
133
22%
55%
40
54
Williamsport
pref..
Lancaster.
22%
61% i 01%
55
55%
pref.
Lehigh Valley.... v
Little Schuylkill....
Mlnehlll
60
59
110
Norristown
Norfolk & Western, pref
do
com....
do
North Pennsylvania
Pennsylvania
Philadelphia* Erie
Pnlladelphia & Reading
Philadelphia* Trenton
Phlla.Wllmlng. A Baltimore.
St. Paul & Duluth R.R. Com
do
do
pref.
.
United N. J. Companies
West Chester consol, pref....
West Jersey
West Jersey* Atlantic
CANAL STOCKS.
Chesapeake * Delaware
Delaware Division
Lehigh Navigation
Pennsylvania—
Schuylkill Navigation
do
pref...
Susquehanna
60
15
23
54%
14*4
Huntingdon* Broad Top...
do
22
59
do
pref
do
new pref
Delaware & Bound Brook....
East Pennsylvania
do
.
110%
00
00
60 >3
64%: 04%;
24%
|
29%
29%
S.
19,
3
83
.
*
45%
^
'
‘:*5*
10
124
7s, E. ext., 1910 120
Inc. 7s, end.. ’91. 50
Belvldere Dela. 1st m.,68,1902.
^o
2d m. 6s. ’8 )..
do
3dm. 6s,’37..
Camden asAmboy 6s,coup,’33
do
do
*
*
*
*
....
....
55
lio
110
coup.,’89
115% iib*
r.o
Cam. A Burlington Co. 6s.’97. ioo
*In default.
ioo
t Per share.
i()8
ioo%
107% 109
88
do
2d m. 6s. reg., 1907
BALTIMORE.
Maryland 6s, defense, J.& J.. 105%
ao
6s, exempt, 1887....
do
6s, 1890, quarterly..
do
os, quarterly
Baltimore 6s, iSSi, quarterly 100
107%
do
6s, :8Sfi, J.& J
do
6s, 189), quarterly... ! 17% 118
do
6b, park, 1890, Q.—M. 117
do
6s, 1893, M.& S
do
do
do
do
6s,exempt,’93,M.&S
0s, 1900, Q-J
120%
127
125
129
126
120
128
Par.
100 ‘200
122
203
68.1902, J. * J
5s, 1916, new
Norfolk water, 8s
Balt.* Ohio....
do
1st pref
121
do
2d pref.
do
Wash. Branch. 100 200
do
Parkersb’g Br..50
Northern Central..
50
Maryland
50
RAILROAD
45
*!2*0*
115% 110
117% 119
*5*4
10
S*
50
15
Central Ohio
£0
PlttsDurg * Connellsville.L5o
Allegheny Vai.. 7 3-10s. 1896...
6s.
90
1C0%
Lehigh Naviga. m.,6a, reg.,’84
mort. RR., rg ,’9"
do
do mort. gold,’97...
do cons. m.7s, rg.,191!
Morris, boat loan, reg., 1885..
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst m.6s.rg.,’97.
Western
.
mort. 6s. ’89
Cam. * Atl. 1st m 7s, g., 1*93
do
2d m. cur. 7s, ie79..
CANAL BONDS.
Chesap. & Dela. 1st 6s, rg.,'86
RAILROAD STOCKS.
RAILROAD BONDS.
do
do
syra.Gen.* CornV,lst,7B,19l>5
110%
Texas A Pac. 1st m.,6s, g.,1905
100
do
Rio Grande D v.. 99
0%
04%
104%
do
cons, m.,6s,g.,1905
do
lnc.Al. gr.,78 1915
Union A Tltusv. 1st m. 7s. ’90.
United N. J. cons. m. 6s, ’94..
i20
Warren & F. 1st m.7s, ’96
110
West Chester cons. 7s, ’91
West Jersey 6s, deb.,coup.,’83
ioo
do
1st in. 6s, cp.,’96.
do
istm.Ts,’99
do
cons. 0s, 1909 ....
111
W. Jersey* Ati.Ltm Ss, cp.
112
Western Penn. RR. 6s,cp.’93.
do
6s P. B.,’96.
22%
20
25
20
Catawlssa
do
do
Har. P. Mt. Joy &
35
i09%[iio
do
Elmira *
99%
2dm.6b 933..
Sunbury & Erie 1 st ru. 7s, ’97..
to
Nesquehonlng. Valley
*
100
100
153%
36%
102% 103
90% 98%
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp.
do
5s, reg., 1382-1892
[Quotations by H. L. Grant, Broker, 145 Broadway.]
1st mortgage
Broadway & Seventh Av.—St
98
PHILADELPHIA.
5
Apr., *81 120
2% Aug., ’80 54
3%
1%
Q.uar.
5,000,000
25
Va
100
10
Bonds
do
1,000,000 M. & S.
1,000 1,000,000 F.&
PeopA’s (Brooklyn).’!!.'..!.*!!;
Bonds
Central ot
Var.
1,200,000 Var.
315,000 A. & O.
1,850.000 F.&A.
750,000 J.&J.
4,000,000 J. & J.
2,500,000 M.&S.
2,000,000
Bute.
‘28%
£0%
pref...
no
[Gas Quotations by ueorge H. Prentiss,Broker, 17 Wall Street.]
cons. m.
,
28%
100
Fort Scott* Gulf, pref
cio
113
100
170
02
112
Fitchburg
Flint &Pere Marq
70
do
...
STOCKS.
do
H. & B. T. 1st m. 7s, gold, ’90.
do
Rtm. Ts, f i. g.’S9
do
2d m. 7s, gold,’95.
do
2d in. f .? crip g.,7s
...
114
78
liO
113
78
109
Atchison & Topeka
Boston & Albany
Boston & Loweli
Boston A Maine
Boston A Providence
Che8hir epreferred
Chi'-. A W. Michigan
Cln. Sandusky A Clev
Concord
Connecticut River
Conn. A Passumpslc
Eastern (Mass.)
Eastern (New Hampshire)
1U0
5s, perp
Harrisburg 1st mor* 6s, ’83.
o
Wisconsin Central
Gas and
103%
....
210*
*05
112
05
145
112
i
..
Connctt •n Valley. 7s
eastern, Mass., 4^s, new.
1900
..
do
Chicago Burl. & Quincy 4i...
Old
7s
Connecting 6s, 1900-1904
r.o
income
Boston & Maine 7s
boston & Albany 7s
do
6s
Boston & Lowell 7s
d >
6s
boston & Providence 7»
<url. & Mo., land grant 78.. .
do
Nebr. 6s
Ex
rln
Nebr. fis
100
do
Nebr.48
...
new
104% 104% Chartlers val., 1st m.7a.C.,1901
| Delaware mort.. 6b,various..
55% 50
Del. & Bound Br., 1st, 7s. 1905
i.28 I East Penn. 1st mort. 7e, ’88
I E1.& W’msport, 1st m., 7s, ’80. US
Fitchburg KR., 6s
:o5
115
125
;0O
Ask.
..
(o
land grant 7s
land me. 8s..
Atlantic & Pacific, 6s.
oun.
Bid.
SECURITIES.
BOSTON.
Tcpeka 1st m.7s
do
Bid.
Ask.
Catawlssa 1st, 7s, conv., *82...
do
chat, m., 10s,’88
..
Central
Corn
Bid.! Ask,
100
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
SO
50
75
100
100
25
100
100
50
50
America*
Am. Exchange..
Bowery
Broadway....
Butchers & Drov rs
Ucb. &
do
Par.
Companies.
Par.
Marked thus (*) are
not Motional.
Continental......
Price.
PRICE.
Companies.
Bid
SECURITIES.
[Quotations by E. S. Bailey, Broker
No. 7 Pine Street.]
Bank Stock List.
BONDS.
Balt. * Ohio 6s, 1885,A.*C. .. 110
N. W. Va. 3d ra.,guar.,’85,J&J
Plttsb.* Connellsv.7s,’98,J&J i 23*
Northern Central 6s, *85. JftJ 110
do
6s. 1900. A.&O. 118%
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s. 1st m.,’90,M.& S.
W. Md. 6s, 1st m.,gr.,’90,J.*J.
.
do
1st m., 1890, J. * J... 1112
do 2dm.,guar.,J.*J—*,...
do
2d m.,pref
106
do 2d m.,gr. by W.Co.J&J
..
do 6s. 3d m.. guar.. J.&J
Mar. & Cin. 7s, ’92, F. & A ... 123
123%
110%
114
108
.
do
2d, M.AN
do
Ss, 3d, J. * J
Union RR. 1st, guar., J. * J..
I
C«n»«n endorsed.
rin
87
125
87%
40% 47%
THE CHRONICLE.
98
Railroad Earnings.—'The latest railroad earnings and the
totals from Jan. 1 to latent dates are given below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“
Jan. 1 to latest date” furnish the gross earnings from Jan. 1
New York City Bunks.—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 16,
„
1881:
Average amount of
to, and including, the period mentioned in the second column:
/—Latest earnings reported—/—,Jan. 1 to
Week or Mo.
1881.
1880.
1881.
Ala.Gt. Southern. June
Atch.Too. AS.Fe.June
Bost.A N.Y.Air-L.Mav *
Bur.C.Rap.ANo, .2d wk July
Cairo A St. Louis. 1st wk July
$285,966
23.216
22,305
109,121
1,078,515
213,158
110,545
1.044,929
186.494
31,357
*7,599
Central Pacific...June
2.063,000 1,724,950 10.770,133
Ches. A Ohio
June..
241,305
214,255 1.299,291
Chicago A Alton .1st wkJuly 141, '39
166,506 3,318.476
Chic. Burl. A Q...May
1,679,455 1,909,627 7,014.744
Chie. AEast. IU..2dwk July
28,483
24.257
821.691
Chic.AG.Trk.Wk.end. July 9
20,947
26,670
723.659
216.428 7,846,000
Chic. Mil. A St. P.2d wkJuly 361,000
Chic. A Northw..2d wk July 415,009
369,539 9,820,565
Chi.St.P.MinAO..2d wkJuly
89,497
51.691 1,858,920
Chic. A W. Mich..3dwk Juue
20,620
13,875
453,650
EastTenn.V.AG .1stwkJuly
Flint A Pore Mar.2d
wkJuly
Grand Trunk. Wk.end.Apr.30
Gr’t Western.Wk.end.J’ly 15
Gr’n Bay A Minn. 1st wkJuly
Hannibal A St. Jo. 2d wkJuly
Houst.E.AW.Tex.June
Houst, A Texas C. 2d wkJuly
IllinoisCen. (III.).June
(Iowa). Juue
Indiana Bl. AW.. 1st wkJuly
Do Ohio Div.lstwk July
Int. A Gt. North..2d wk Juiy
Tradesmen’s.... .•
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
15.685
508.089
461,106
2,147,813
209,865
2.821,981
170,009
2.072,818
2L8.120
1,216,541
146,413
267,883
502. L75
517,127
239,888
36,418
29,737
215,296
104,395
28.763
990,332
24.306
963.839
181,133 3,473,119
90,878 2,781,196
878,234
795,872
3,257,331
2,570,661
8,517
6.260
43,755
50,490
1,237,534
1,103,716
13,813
5,374
66,013
44,660
62,369
55,691
548.201
133,536
18,497
1,848,889
2,920,727
739,278
599,759
1,562,981
2,899,702
801,274
577,891
26.893
1,234,535
766,652
-...
73.531
15.596
658,243
504,429
507,984
140,551
4 018,081
672,186
134,185
Louisv. A Nashv.2d wk July
28.805
33,857
1^3,000
27,992
30,077
160,100
5,106,305
Memp. ACharl...2d wkJuly
24,570
Memp. Pad. A No.lst wkJuly
3,923
18,867
3.895
6L4.593
117.182
Mil.L. 8h. A West. 2d wkJuly
11,491
6,219
Minn. A St. Louis.3d wk June
35.287
19,70S
Mo. Kans. ATex.lstwkJuly
93,759
64.277
Missouri Pacific .1stwkJuly 136.484
99.724
Mobile A Ohio....June
1. 132.692 117,272
Nashv. Cli.ASt.L. June
154,549
144.130
N. Y. Cent. A Hud March
2,668,250 2,854,835
N.Y. L. Erie A W.May
1,776,89 L 1,592,544
N.Y.AN. Eugl’d.May
215,271
183,701
N. Y.N.H.AHart.April
457,690 384,483
N. Y. Pa. A Olno.-May
474,373
346.644
Norfolk A West... 2 wks July
72,952
70,444
Northern Central. May
465,588
329,788
Northern Pacific .2d wkJuly
94,764
54,481
1st wkJuly
Ohio Southern
5,544
26L.861
197,612
428,299
2,302,682
284,334
2,045,122
1.109,523
1,079,223
1.009,124
1,024,680
7,366,426
7,765,679
8,202.411
1,007,566
1,724,100
7,429.252
864,374
1,470,665
.
527,744
99,606
2,053,194
1.060,762
972,958
2,174.579 1,796.597
1,403,879 1,043,387
359,125 309.408 1,754,377 1,500.908
Pad. AElizabetht.lstwk July
187,793
7,400
6,331
254,978
Pennsylvania ....May
3,856.897 3,417,916 17,746,402 16,212.595
Peoria Dec. A Ev.4tli wk J’ue
13,832
12,597
279,317
175,919
Philadel. & Erie..May
343,742 311,470 1,372,442 1,443,774
Phlla. A Reading. Juue
1,707,295 1,398.536
St,L.Alt.AT,H. ..2d wkJuly
22,839
29,091
767.880
687,728
Do
11,230
12,052
(brehs).2d wk July
388,654
331,787
Bt. L. Iron Mt,AS.2d wkJuly 133,000
112,667 3,586,227 2,833,194
Bt.L. A San Fran. 2d wkJuly
57,549
41,396 1,571,791 1,198,505
St.P.Minn.A AIan.2d wk July
64.488. 2,122,521 1,557,433
89,956
Scioto Valley
2d wkJuly
9,079
9,032
182,037
150,704
South Carolina. ..May
66,195
58,113
513.624
457,166
Southern Pacific.May
508,000 445,958 2,015,300 1,811,707
Texas A Pacific ..1st wkJuly
78,967
45,358 1,727,355 -1,193,704
Vicksburg A Mer.May
Wab. St.L. A Pac. 2d wk
7,115
956,660
3.234
...-
633,344 12,485,242 11,089,483
30,663
July
268,152
Greenwich
Leather Man’f’r.Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
6.732,437
274,962
6,836,168
4.937.200
l l.o 13.000
4.11)9.000
8.-03.000
3.240.600
l,788.»0J
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan
....
Citizens’
Nassau
Market
St. Nicholas
.
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
400,000
1,500,000
2,000,000
Park
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
Second Nation’l,
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000'
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
200,000
200,000
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania
U. S. Nat
..
Total
753.000
43.000
334.000
5 per
cent basis iu 1881; 6 per cent in 1880.
July 22.
Demand.
Sixty Days.
Prime bank ers’ sterling bills on London.
Prime connnercial
Documenta ry commercial
Paris (franc58)
Amsterdam (guilders)
Frankfort c)r Bremen(reicliraarks)
4
4
4
5
82%®4 84
4 84%@4 86
81 % ® 4 82
81
®4 8l%
4 83
«3%®4
@4
5 20 'a)5
40%®
9434®
4
23% ®5 20%
33% d> 40%
04%® 94%
,
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week:
July 16...
44
Payments.
Loans and discounts
$
$
744,951 75
1,367,893 16
1,537,895 67
1,769,777 51
1,092,138 99
1,047,352 16
1,004,529 35
71,959,314 05
72,282,270 82
72,333,862 56
1,372,360 31
72,482,096 35
18...
19... *1.479.139 33
20... *1,108,274 35
“
“
“
21... *1,117,022 54
22...
1,479,338 19
“
$
72,061,030 01
72.427,163 98
$
5,349.257 88
5,049,089 45
5,113,132 97
5,122,463 42
5,141,655 19
5,193,790 67
14.112.700
3.715.300
407,700
148.000
2.708.100
1.035,200
231,800
1.032,030
1.0 }< 1, .300
3.338.500
101.000
18.900
621.900
1.947,000
222.200
774.700
2,973.000
4.933,200
131.000
263.000
155.400
51.30G
109.400
588,000
”
7,296,619 32 7,824,054 05
Includes $100,000 gold coin receiyod from San Francisco Mint.
Coins.—The following are quotations in gold for various
Sovereigns
$4 83
Nanolsone
XX Reiohmarks.
X Guilders
3 S3
'a)
4 72 %®
3 92 @
Span’h Doubloons.15 55
Mex. Doubloons.. 15 50
Fine silver bars
1 11
..
Fine gold bars
Dimes A *2 dimes.
®$4 87
—
3 86
4 76%
3 97
®15 75
®15 60
1 12%
par a) % prein.
99%® par
Silver 14s aud %s.
Five francs
Mexican dollars..
Do uncommerc’l.
English silver
....
Prus. silv. thalers.
U. S. trade dollars
U. 3. silver dollars
—
—
—
—
993t®
92
87
86
4 72
—
—
—
68
99
@
®
@
par.
—
—
—
94
89
88
'a) 4 80
® — 69
99%®
—
99%
par.
073,000
271.600
210.000
157.500
1,047.000
510.500
1,131 «00
702.500
171.800
357.000
937.800
589.100
21.251.2, iC
9.073.000
5.009.300
3,070.000
6,400.000
10.203.700
7.137.700
i ,525.800
59l.'K)0
2.082,700
1,041,090
4.329.400
1.881,000
1.888.500
1,253.20 *
1.151.700
3,633,000
174.000
2,700
401,500
34,300
l4.095.000
10.093.400
1.064,000
90U.U00
4.735.300
7.391.700
2.928,000
3.767.400
3.678.000
1.721.200
3.355.800
271.500
159.300
100.400
183,000
1,040,400
239.100
204,000
201.700
122,800
10*.200
03.500
.215.000
102,000
113.300
375.100
87.000
311.900
711.200
12.400
191.00C
102.000
624.900
1.374.000
312.000
370.700
370.500
214.200
37.000
800.000
1,004,000
1.162.500
2.865.000
1.043,500
3,534.000
379,200
1,124,200
45,000
5,400
795,100
426,000
8.789.000
2,005,200
14,980,000
2,250,000
267.200
3,000
450,000
447.800
2.354.800
2,502.900
2.560.500
1.621.30C
3.504.000
450,000
2.727.000
4,000
8.162.100
1.927.800
4.896.000
25.730.600
23.813.00C
703.200
'
45,000
1,090,900
45,000
821.000
1.140.400
233 300
873.100
22.440,900
810,000
1,287,000
45,000
578.200
437,400
9.080.000
8.6 1.000
7.370.400
18.004.800
291.0,90!
8.044.890
00.900
1.237.800
1.475.100
276.066
1.740.500
180,000
2.472.100
5 583.709
91,810
J
375.1 >00
41,400
325.800
1.770,9 >0
425.5)0
33.700
04,700
420.000
90.000
204.0.9c
82.3 10
140,9)9
835.200
00.400
220.200
2 037 oro
1.338.000
1 342,3)0
3,0j6,400
143,00
450.000
•U.940,900 17 053,7JC 351,199,500 19.181,300
Legal tenders
The following are the totals of the New York
House Banks’ returns for a series of weeks past:
Loans.
1881
S
Feb. 12....817,139,100
“
19....320,607,300
23....310.5S4.400
Mar. 5....298,485,400
32....296.252,900
“
19....300,177,300
“
“
“
L. Tenders.
$
Deposits.
58,0-4.200
15,546,000
14.837.203
15,048,000
54,804,100
13,289,200
307,924, 00
307.718.100
296,517,300
274,443.600
271,603.800
277,931,000
275.580.500
Specie.
$
67,830,000
05,349,600
$1,351,500
,.Inc,
.Inc.
.
3 9,100
City Clearing
Circulation. Agg.
%
Clear
$
$
18.352.300
947,812,074
18,25 >,500 1105.462,825
10,181.0)0 1143,978.545
15.448.500 1241.050,579
15.463.100 1020,907.905
15.771.100 812,503,081
16.030.500 774.684.705
April
2 ...300,283,100 57.611,000 12,7L0,500 275,495,400 10.713.500 050,449.299
“
9....305.244,400 00,429,000 12,472.700 282,788,500 10.709,000 815,034.482
“
10... .306,383.400 02.819.300 13,4-28,600 288,821,100 16.880.200 724,179,359
23....305,717,600 60.804,200 14,413,200 292.653.000 17.217.400 978.203,386
55,800,000 12,406.000
59,553.<>00 1)9,241,200
20....300,022,000 57,068,900 12.9:34.500
“
“
294.530,300
305,0:33,000
310,818,400
320.611.700
332,182.600
339.548.0)0
345,043,200
344,307,000
313,040,800
30....304,435,200 69,289,400
7....310,-50.000 73.340,500
15,784.700
16,024,600
17,134,100
21....324,192,800 80,518.500 17,873.000
28... .332,025,700 79.134,800 18.033,800
June 4....341.091,900 76,052,100 18,325,300
11
.347,494.900 70,902,800 13,313,300
“
18 ...340,560,009 75,61 L,000 18,474.300
“
25....345,40O,7nO 77,091,500 18,092,900
July 2 ...350,401,100 70.415,000 17.112,300
9
352,858,800 77,728,500 10,284,300
“
16....348.744,400 81,946,900
81,916,900 17,058,700
May
“
14....317,730,900
70,887,700
“
..
340,400,100
849,843,000
351,199,500
Boston Banks.—The following are
a series of weeks past:
18,000,100 879.802.835
18.601.200 1144.470.789
18,590,900 1 078,352.065
19.135.300 1212.047,032
19.301.200 1198.726,141
19.263.300
919,391,800
19.230.100 978.180,859
19.305.300 1019,215,091
19.144.300 953.507.150
19.170.300
19.149.200
014,724,597
19.181.300
844,816.881
851.848.902
the totals of the Boston
banks for
Specie.
Loans.
140,129,200
140.037,100
147,067,400
149,074.900
150.333.500
150,121.100
151,004,400
Apr. 18..
**
25..
May
“
2..
9..
16..
23..
30..
“
“
“
13..
20..
“
27..
July
5..
It
“
*
.
18..
$
$
0,084,800
6,592,000
6.643,200
0,744,400
0.843,400
0,078,700
7,503,700
2.709.100
3.027,700
3.117.300
3.059,100
2,938.200
3,2*4,700
7,904,200
3.380.100
150.290,400
7.855.900
8.2-4), 100
8.457.100
3.328.500
3.174.500
161.586,800
9, tJ 1,900
3,012,900
3.577.600
3.295.600
103.121.500
9.848.100
3,3)9,300
8,857,600
S3,669,300
00,124,300
91.451.900
2,434,400
152,846,300
154,957,-4)0
15 •‘,037,000
lbO,?07,lOO
Deposits.* Circulation. Agg. Clear
L. Tenders.
$
1881.
95.954.900
96.911.700
98.513.900
30,484,400
30,024,500
30,022.000
30.790.600
30,93),900
30.997.100
$
79,105,341
77,562.234
80,149,257
95,227,024
85,405.247
101.651.500
30.470.500
92.454.596
90,881,371
100.244.700
109.751.500
30,822,700
30.989.600
92,862,818
87,608,508
114.583.700
ItO.l 02,000
112,903,200
113,195,800
114,030,000
83,931,803
88.471.027
104,789.730
30.042,100
30.961.500
83,072.711
31,074,000 91,083.405
30,715.200
30.773.100
Including the item “ due to other banks.”
Philadelphia Banks, —The
are as
25
2....
9....
»•
10....
”
23....
“
30....
June 6
“
13
”
2-).
May
Philadelphia banks
Loans.
L. Tenders.
*
Deposits.
Circulation.
72.305.791
73,485,827
74.253,494
75,10 *,003
18.914,000
67,059,350
07,301,923
10,134,981
10,123,550
74.801.575
27.,..
74.542,079
75,340,4-0)
76,012.504
70,471,207
77,9-51,680
78.180.840
5....
U
13
78.184.995
77.761.819
77.304.707
...
...
..
July
totals of the
follows:
Apr. 18.
coins:
69,700
1,045,300
2,052.80
4,29^,600
1881.
Total
784,266
325.700
394.700
Dec. $4,112,400 i Net deposits....
Inc
4.215.400 I Circulation
Inc.
774,400 i '
Specie../
*•
Currency.
11,048,000
The deviations from returns of previous week are as follows:
“
Coin.
207,000
3.394.400
7.9,400
724.900
403.500
61.102,700 348.744,4)
June 6..
Balances.
Receipts.
1.100
9.904.500
3,9:13,000
4,442.000
1.088.300
“
84
83%
18%
40%
95
430.-00
2.125.000
1.339.200
“
Exchange.—Quotations for foreign exchange are as follows,
the outside prices being the posted rates of leading bankers,
4.700.500
108.500
“
*
360,000
7.701.300
7.751.000
123,000
1.020,400
1,390.100
500,000
«
495,000
10,290.000
6,970,000
390,000
521.900
3,4i3.70G
i.475,0oo
3.211,900
8.944.000
2.995.800
I4.935.0oo 5,505,009
2.175.700
333,090
270.000
2.833.W0C
2.988.400
539.800
2.004,000
333.300
3.443.000
075,000
4,309.00C
344,000
7.450.3()C 1,905.100
2.G79.2Q0
33.900
3,393.0oo 1.327,000
22.101,800 6.2^5 090
19.129.000 5,337,800
240.000
1.007.900
954.000
28.0Q0
141.900
1.070.900
1,000,000
300,000
Importers’ & Tr..
83S.40C
tion.
461.900
257.700
3.551.800
I0.233.no0
14.0i4.20C5.940.000
0,707.500
2.550.400
5.010.500
1,500,000
450,000
209,000
700,000
1,000,000
500,000
3,000.000
600,000
1,000,000
500,000
500,000
500,000
l,000i000
1.108,000
1,511,000
1,018 709
2,077.400
3.945.900
14.211.30G
3,984.90.)
1,000,000
422,700
Pacidc
2,286,718
Oreg’nR. Nav.Co.Juue
Tol. Delp. A Burl. 3d wk June
Union Pacific ....11 dys J’ly
Butchers’&Drov.
Mechanics’ & Tr.
8.353300
8.374.200
8.581.OOj
Circula¬
other
than U. S.
$
280,000
444.400
2.556.000
2,073,300
10,18 -i.OiK)
Net depfs
Legal
Tenders.
Specie.
I
$
2,000.000
2,050,000
2,000,000
2,009,000
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
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
Mercantile
18,279
16,675
89,918
25.776
Iowa Central
June
K. C. Ft. S.A Gulf.3d wk June
Lake Erie A West. 2d wkJuly
Louisa. A Mo. R April
City
582.800
619.944
5,904,072
9,225.392
1.445,519
370.S65
1,083,793
85,774
6,008
78.170
6,583
603,614
157,740
21.084
16,241
43 053
Do
1,068,186
New York
Manhattan Co...
Merchants
Mechanics’
Union.
America
Phoenix
7,976.619
18.851
21,910
23.391
June
8.504,692
1.259,036
3,590.660
80,193
6,294
131.920
7.764
DubuqueAS.City. 1st wkJuly
Eastern
200,332
Loans and
discounts.
$344,622
188.256
Capital.
1880
$40,821
747,012
Ciu.Ind.8t. L.AC.June
Cin. A Springf. ..2d wk July
Clev.Col.Cin.AI.2d wk July
Clev.Mt.V. A Del. 1st wkJuly
Denver A Rio Gr 2d wk July
DesM.AFt.Dodge.2d wk July
Det. Lans. ANo..2dwk July
Banks.
Latest date.—
$51,735
1,186.000
37,736
9,163
[Vol. xxx in
..
19.284.008
19,000,525
18.906,813
10,454,140
21.210,584
23,174,3)3
23,720,055
23.250,307
21.920.180
21.981.026
2 L.530.243
21.913,714
22.813.405
$
08,375,085
10.204.806
65,027,309
68.609.105
70,497.536
74.588.003
10,473,543
74.902.6 44
74,033,519
74.501.770
74.343.655
74.019.912
74.288.993
75,130,754
10.334.185
10,219.090
10,237,440
10,243.210
-10.476,009
10.473.074
10.447.158
10,408,727
10.319.870
10.287,771
Agg. Clear.
■-
%
44.097,129
54.860,074
48.155.049
53.075.475
51.582.027
50,165.828
52,214.058
55.429.048
62.579,080
69.077,948
55.580.970
01.329.508
50.871.030
Company, has been organized with a view to purchasing the
road, which was sold under a foreclosure proceeding instituted
by the Union Trust Company of New York. One hundred
thousand dollars was paid in cash to meet existing claims and
Juujeslturwts
AND
STATE, CITY
the balance in secured bonds.
AND CORPORATION FINANCES.
Investors’ Supplement contains a complete exhibit
Funded Debt of States and Cities and of thz Sto^Hand
The
of th
Bonds
Companies. It ii published on the last
month—viz., February, April, Jane,
August, October and December, and is furnished without extra
charge to a7l regular subscribers of the Chronicle. Single copies
of Railroais and other
Saturday of every other
are
sold at
$2 per copy.
ANNUAL
REPORTS.
North Carolina
Railroad.
{For the year ending May 31, 1881.)
President’s report, just issued, gives the following receipts,
of the company, up to the end of the
31, 1881 :
$271,340
Expenses for ttie year, including amouuts paid in settlement of
old claims, expenses of directors, finance committee, legal
expenses. &c
$6,884 a
expenditures and debts
fiscal year, ending May
Receipts from all sources
Amount paid
19,821
interest on debt
Leaving a balance ot
—which has been applied to
COMPANY.
reported at last annual meeting
was
The present
From which
debt is
deduct assets as shown by
Secretary’s
report
And weliave the
$395,701
$377,203
129,062
$248,141
actual debt unprovided for
In the amount of
26,706
$244,631
'•
pajrment of dividends, &e.
DEBT OF THE
Total debt of the company
(Balt.).—The statement of this companyending May 31, 1881, is as follows: The
receipts of the year were about $6,000 in excess of last year
and the expenses show an increase of about $9,000.
The
increase in expenses was in the item of taxes and water-rents*
which were in 1880 about $7,000 and in 1881 about $16,000. The
company received during the year from sale of stock of Chemi¬
cal Co., $11,875, from sale of real estate $184,174, and from the
Union RR. Co. (on account of money advanced by Canton Co.),
$80,600. The $184,000 received from sale of real estate wa»
Canton Company
for the fiscal year
handed
"
The
99
THE CHRONICLE,
1881.]
July 23,
$377,203 debt of the company
is included
over
to the trustees of the Canton
Company mortgage
bonds, and an equal number of bonds were drawn, redeemed at
par and canceled, as provided for in the deed of trust. In
addition to the real estate owned by the Canton Company,
some 2,500 acres of land and improvements, the Company
owns Union Railroad stock $594,000, notes of Union
Railroad
for land purchased and loans $508,236, and annuities at 6 per
cent, $772,165. The receipts for the year 18S0-81 were $89,126,
against $82,682 for 1879-80. The expenses were $38,949 in
1880-81, against $29,502 in 1879-80.
Chicago & Iowa.—A dispatch from Rockford, Ill., July 14,
says that the Chicago & Iowa Railroad Company, through their
attorneys, are taking testimony as to the first mortgage bonds,
showing the ownership of them, with a view of taking them np
under an order they expect to obtain from the court.
Another dispatch states that the Chicago & Icwa Railroad
stock held by the city of Aurora, Ills., will be sold at auction
on Saturday, July 23.
The par value is $100,000 and the upset
price $130,000. This has been decided to be the valid etoci in
the Chicago & Iowa Railroad and controls the organization of
the company and its 84 miles of road, from Aurora to Forrestown, making a very desirable link between Chicago and th®
Northwest for a comparatively small sum. In addition to the
above this road has a disputed claim on the Chicago Burling¬
ton & Quincy Road for a rebate on the freight transferred to
the latter road at Aurora under an old contract. The sum now
claimed is in the neighborhood of $600,000. The road is now
in the hands of a Receiver and will be transferred to the pur¬
chasers of this stock as soon as the sale is made and a decision,
of the court can be reached.
$120,000 dividend declared but not due until September 1,
1881, which will be paid out of the semi-annual rent due by
the Richmond & Danville Railroad Company, July 1,1881.' Of
the above amount $129,062 assets, $5,195 is cash and cash items;
amount due from Rev. N. H, D. Wilson, former trustee,
$22,703 ; assets in hands of Major John W. Graham, trustee,
$89,477, making a total of $117,376.
,
Chicago St. Paul Minneapolis & Omaha.—The following is
From the reports of experts it is known that the lessees— a comparative statement of gross
earnings from January 1 to
the Richmond & Danville Railroad Company—are faithful to July 14, including the earnings of the St. Paul & Sioux City,
their contracts in keeping the road and other property in as which forms part of the consolidated road.
Increase. Decrease.
1881.
1880.
good condition as when leased, and as required by the terms of
$32,412
$407,464
the lease. The securities deposited by them as collateral to Passenger
$375,052
374,306
1,367,325
993,018
Freight
secure the payment of the lease money remains the same as
$1,262
20,892
Express
5.647
previously reported, and are considered amply sufficient for Mail
29,221
23,573
5,532
27,641
their requirements. They consist of $70,000 first mortgage Rental
22,109
3,235
6,374
9,609
bonds of the Richmond & Danville Railroad Company and Miscellaneous....
$208,000 first mortgage bonds of the Northwestern North
$4,497
$417,898
$1,858,920
Total
$1,445,519
Uarolina Railroad Company. The dividends of 6 per cent per
annum are regularly paid on the stock.
Chicago & West Michigan.—The company are extending
The following statement shows the receipts and expendi¬ their road north from White Cloud, and the iron is already laia
tures for the year:
to the
From lease of
From interest
From rents
North Carolina Railroad
-
From real estate
-
Total
$260,000
9,182
718
1,439
$271,340
EXPENDITURES.
Salaries
Big Rapids and Whitehall State Road, ten
:
Legal expenses
Traveling expenses and other incidentals
Loss and damage
Advertising, stationery, &o
Interest, premium and discount.
Repairs of buildings
$4,050
1,072
1,252
33
256
19,821
36
miles north
The road will be completed to Nicholas
Lake, six miles further north, by September 25 next. The
objective point is Butler’s Junction on the Flint & Pere Mar¬
quette Road, there connecting with the road now building to
from White Cloud.
RECEIPTS.
Manistee.
Chicago Milwaukee & St. Paul.—The
directors of St. Paul
have voted to issue $5,000,000 of new stock on the 1st of Octo¬
ber. Common and preferred stockholders of record on Septem¬
ber 20 have the right to subscribe at par. They must give
notice in writing, on or before October 15, of their intention to
take and pay for the stock. Payment may be made as follows:
25 per
cent December 7
and 25 per cent January 27. Stock¬
184 holders shall have stock to which they are entitled at time of
Balance receipts more than expenses
214,634 several payments, except that holders of 100 shares or less may,
Total
$271,340 at their option, pay for their proportion at one time. Transfer
books close September 20 and re-open October 25.
—The Chicago Times has the following: The earnings of he
GENERAL INVESTMENT NEWS.
Chicago Milwaukee & St. Paul Railway for the first half of
1881 have been used by the officials in preparing an estimateAtlantic & Pacific.—The Boston Advertiser states that the of what the probable net income for the entire year will be.
engineers of the Atlantic & Pacific have sent to Washington The following figures present several interesting probabilities:
certificates that 200 miles have been completed, and says that Earnings first half of 1880--..
$5,447,500
7,638,100
$5,000,000 first mortgage and $3,750,000 income bonds will soon Earnings second half of 1880
be listed on the Stock Exchange.
$13,086,100
Total
Boston Water Power.—Water Power sells at 9% and 9%. Earnings first half of 1881
$7,120,000
The company has just received $70,000 for 56,000 feet of land at Increase
1,672,200
9,929,530
Westland avenue and West Chester Park. The money will go Estimated earnings for last half of 1881
toward the payment of the coupon of last December upon the
Estimated income for 1881..
$17,048,530
Water Power bonds. A decision from the Supreme Court is
The increase for the last half of 1881 is, however, certain to
expected, and which will give the company $76,000, which can 3e more than 30 per cent, and will undoubtedly be fully 45 per
be used to pay the June coupon. The sale of the 8,583 shares of
Water Power stock at $10 per share relieves the company of all cent, as the July earnings so far are over 50 per cent. Taking
this as a basis, the income for the year 1881, net and gross, is
indebtedness outside the $2,148,000 first mortgage bonds. The
as follows :
capital stock of the Water Power, as increased, will stand 94,416 Actual earnings of first half of 1881
$7,120,000
Tax account
shares.—Boston Transcript.
Cairo & St. Louis.--The Cairo & St. Louis RR., running from
St. Louis to Cairo, a distance of 152 miles, was sold at Spring-
field, Ill., July 14, to Charles J. Canda and J. A. Horsey, of New
York, in behalf of the bondholders, for $4,000,000. It is under¬
stood that
a
new
corporation, the St. Louis & Cairo
Railroad
Earnings of second
Total gross
half, at 45 per cent increase
income
Deducting 60 per cent
Net to stock
;
operating expenses.... $10,917,150
11,075,250
$18,175,250
$3,070,700
THE
TOO
CHRONICLE.
[VOL. YSYTIT-
[The above estimate would carry more weight if some facts Company. At a meeting of the board of directors of the
given as to the operating expenses for the first half of former company, held at Evansville, Mr. F. W. Huidekoper was
w^re
1881.
These
can now
be ascertained
as
well
as
the gross earn¬
ings, and to state the earnings only and say nothing of the
expenses in the first six months of 1881, shakes confidence in the
.“whole
exhibits]
Cleveland Columbus Cincinnati & Indianapolis—Cincin¬
nati Hamilton & Dayton.—By the consolidation agreement of
the Cleveland Columbus Cincinnati & Indianapolis and the Cin¬
cinnati Hamilton & Dayton Railway companies, the authorized
•
elected President.
The road will hereafter be run as the
Evansville & Terre Haute division of the Chicago & Eastern
Illinois Railroad Company, and is 108 miles long, independent
of its several branches. It was opened between Evansville and
Terre Haute in 1854, the present name being adopted in 1877.
A large interest was held until recently by the city of Evans¬
ville. The union of this road with the Chicago & Eastern Illi¬
nois, under one proprietorship, gives to Chicago a trunk line to
the Ohio River, ana to a connection with the Louisville and
capital stock of the new company, to be known as the Ohio
Bailway Company, will be $20,000,000. One of the articles of Nashville railway S3rstem.
Fort Wayne Muncie & Cincinnati—White Water Valley.—
agreement provides as follows : “ Eighteen million five hun¬
dred thousand dollars only of said stock shall be issued forth¬ The Fort Wayne Muncie & Cincinnati and the White Water
with after such consolidation shall be perfected. The remain¬ Valley roads will be sold on the 27th inst. It is said that the
ing shares of said capital stock over and above said $18,500,000, superintendent of the Wabash went over the roads last week
-or any portion thereof, shall not be issued until
authorized for the purpose of inspecting their condition.—iV. Y. World.
by a two-thirds vote of the directors of said consolidated com*
Kentucky Central.—The Kentucky Central Railroad Com¬
pany, by its President, M. E. Ingalls, has filed a mortgage deed
18,500,000 stock of said new company shall be issued r in to George T. Bliss and Isaac E. Gates,
conveying to them in
exchange for an equal amount of stock in the above-named trust the main line from Covington to Lexington, and the line
companies, parties hereto, upon the surrender and cancellation from Lexington to Livingston, now in process of building, with
of such stock in either or both of the companies parties to this all the machine
shops, water stations, machinery, engines, ten¬
agreement; and the board of directors shall have full power ders, and all other rolling stock whatsoever, and all franchises,
and authority to fully carry into effect this consolidation agree¬
privileges, &c., to secure the payment and extinguishment" of
ment ; to settle, compromise, or otherwise adjust all claims of
bonds of the Covington & Lexington RR. due March, 1883, and
stockholders in either of said companies parties hereto ; to sell
June, 1885, amounting to $1,010,000, for the payment of 5;000
and dispose of such stock, if any, in the company, as may be shares of
preferred stock, the extension of the road to Living¬
necessary for them to settle, compromise, purchase or other¬ ston, and the discharge of all existing contracts and
debts;
wise cancel the stock of any stockholder or stockholders in for which
purposes the borrowing of money was necessary.
cither of said companies who may dissent from or refuse to The
mortgage is for $6,100,000, and bonds amounting to 6,100
acquiesce in this agreement, and to exchange his stock in either for $1,000 each are to be issued to Messrs. Bliss and Gates, bear¬
of said old companies for stock in said new company.”
ing date July 1, 1881, and payable in 1911. The interest is at 6
Columbus & Hocking Talley—Columbus & Toledo—Ohio per cent, payable semi-annually, in January and July, at New
& West Virginia.—The Cincinnati Commercial states that the York.
Cleveland syndicate which bought the Hocking system of rail¬
Louisville New Albany & Chicago.—A meeting of the
roads has paid $5,250,000 for stock at the figures agreed upon stockholders of the Louisville New Albany & Chicago Railroad
—180 for C. & H. V., 125 for C. & T. and 80 for O. & W. Va. was held this week, for the purpose of voting upon
the pro¬
Seven millions is the total amount of stock, and the stockhold¬ posed consolidation with the Chicago & Indianapolis Air-Line
ers have until the 6th of August to accept the above
Railroad Company. It is understood that the consolidation was
figures.
At meetings of the Columbus & Hocking Valley and Colum¬ approved.
bus and Toledo boards of directors, some of the old members
Macon & Brunswick. —A dispatch from Atlanta, Ga., July
18, to the Cincinnati Inquirer, says : “ To-day E. W. Cole,
resigned and new ones were elected in their stead.
—A dispatch from Columbus, Ohio, July 19, says: “The new George I. Seney, and their associates, who
recently bought the
'directors of the Columbus & Hocking Valley, Columbus & Macon & Brunswick Railroad, tendered Governor Colquitt
Toledo, and Ohio & West Virginia railroads, had a meeting here $875,000, balance of purchase money. The road was sold at
to-day and resolved to consolidate the three companies into one, auction by the State eighteen months ago, and was bought by
to be known hereafter as the Columbus Hocking Valley & a company of New York capitalists, represented by R. T. Wil¬
Toledo Railway. The action will be submitted to the stock¬ son. Recently Cole bought it to complete his line to the sea.
holders for ratification on August 2. As the directors who The former purchasers agreed to pay the State $1,150,000, and
voted to-day hold a large majority of the stock, the ratification the-tender to-day was for the balance of this amount still due.
of their action will be a mere formality. The stock of the con¬ The money will be accepted to-morrow. Cole will at once build
fany present at any regular or called meeting thereof. The
solidated road is to be increased to $20,000,000.”
Columbus & Rome, (Ha.)—This road has been sold by its
owners to W. D. Chipley, as
agent fur W. F. McCormick, of
Pensacola, Florida. It is of three-foot gauge, and extends from
Columbus, Ga., to Hood, thirty-two miles. The price paid is
said to have been about $250,000,
500 due the State
including
a
payment of $40,-
East Tennessee Virginia & Georgia.—This company’s bonds
and stock have been placed on the Stock Exchange List. The
stock is divided into common shares $27,500,000 and preferred 6
an
air-line from Atlanta to Macon, to connect with the Macon
iron is new arriving for an air-line from
& Brunswick; ond
Atlanta to Rome,
These lines will be
connecting with the Selma Rome & Dalton.
pushed to completion under two years. It is
thought that a direct line from Rome to Chattanooga will also
be built by this combination.”
Manhattan Elevated.—The legal actions to restrain the
Manhattan Company from paying dividends to stockholders
were called on Thursday by Judge Van Hoesen.
Mr. F. N.
Bangs asked for an adjournment for one week to give the
Receivers a chance to appear. The case was set down for Wed¬
nesday, J uly 27.
The suit of the New York Elevated Railroad Company, to set
aside the lease of that company’s property and franchise to the
Manhattan Railway Company, which was to have been argued
Thursday, was adjourned by mutual consent until Tuesday,
26th, in order that the Receivers of the defendant corporation
might have an opportunity to appear.
*
$16,500,000. The bonds are income, July 1,1881, to run
interest not to exceed 6 per cent, $16,500,000; first
mortgage' consolidated bonds, due 1930, interest 5 per cent,
$22,000,000. Of the first mortgage consolidated bonds, there are
held in trust by the Central Trust Co. $7,509,000, to retire the
*ame amount of the outstanding divisional and sectional bonds.
There are also held in trust by the same trustee $3,500,000
bonds to provide for ,the completion of the Rome Atlanta and
Hacon division of the company’s railroad now in progress, 178
Missouri Pacific.—The route of the Missouri Pacific exten¬
miles in length, and the company has contracts with responsible sion in Nebraska has been located from Atchison, Kan., to
parties for the completion of the division during the year for Omaha. The new line will connect with the Union Pacific near
the proceeds of the funds so held in trust. The company owns Papillion, Neb., and from that point to Omaha the trains of the
percent
thirty
years,
1,123 miles of railroad, of which 902 miles
the remainder is in progress.
are
in operation and
Missouri Pacific
will
run
into
Omaha
over
the track of the
It also operates under a lease for Union Pacific, and the probability is that from the point of
twenty years from July 1, 1879, the lines of the Memphis & junction to Omaha a second track will be constructed. Grading
Charleston Railroad Company, from Chattanooga to Memphis, along the line in Nebraska will commence in a few
days. The
Teim., 310 miles, and the Florence and Somerville branches, idea is given out that the trains of the Missouri Pacific will be
50 miles, in all 330 miles, making a total of 1,232 miles of pro¬ able to run into Omaha by January 1,1882.—Chicago Times.
prietary and leased lines now in operation, and 221 miles in
Morgan’s Louisiana & Texas Railroad and SS. Co.—
progress. The lease of the Memphis & Charleston Railroad is
Application
has been made to place on the Stock Exchange List
an operating lease simply, and creates no
moneyed obligation the first mortgage 6 per cent gold bonds, due on July 1, 1920, to
against the East Tenn. Virginia & Ga. RR. Co., all net earnings the amount of $1,272,000, the authorized issue being $1,800,000.
being paid over to the lessor company. The company has The company’
$5,000,000 cash in its treasury for equipment and betterment of which
purposes.
During the nine months ended March 31, 1881,
the company earned $2,629,065 and its net earnings were Morgan
two between New Orleans, Florida and Havana portsfalso four
$1,449 ,1C2. It is estimated that the gross earnings for the year large ferry boats, tugs,
dredge boats, wharves, warehouses,
ending June 30, 1881, will be $3,286,332, and the net earnings ana terminal facilities, besides nearly the entire
$1,811,378, which is sufficient to pay the interest on the first the Gulf Western & Pacific Railroad, Texas capital stock of
Transportation
mortgage and the income bonds and leave a surplus. The Railway Company, Buffalo Bayou Ship Channel
Company, and
company estimates the earnings of the whole line when com¬ a
majority interest in the capital stock of the Houston & Texas
pleted, on basis of earnings of present line, at $4,166,000, and Central Railway Company, &c. It operates 216 miles of com¬
expenses $2,000,000, leaving net earnings sufficient for all inter¬
The
est charges and 6 per cent on preferred, and in time reasonable pleted road in Louisiana, and has 44 miles under contract.
capital
stock
$5,000,000,
and,
in
addition
to
the
6
is
per
cent
dividends on the common, stock.
bonds, there are $5,000,000 first mortgage 7 per cent gold bonds,
Evansville & Terre Haute—Chicago & Eastern Illinois.— due on April 1, 1918, issued upon the property of the company
The Evansville & Terre Haute Railroad Company has been with exception of 106 miles of road forming
part of the pro¬
jformally turned over to the Chicago & Eastern Illinois Railroad jected line from Morgan City to Alexandria, La.
July 23,
101
THE CHRONICLE.
1881.J
Below is a statement of miles operated on lines whose earn¬
United States in 1880.—Advance sheets
ings
are reported, their capital stock and funded debt, gross
of the introduction to the fourteenth annual number of Poofs
earnings,
net earnings, freight earnings, passenger earnings*
Railroad Manual have just been received from the publishers,
and dividends paid, for ten years.
Messrs. H. V. & H. W. Poor, 70 Wall Street.
The introductory
Mile8
Net
Cross
Capital and
essay to the Manual, written by Mr. H. V. Poor, is more ex¬
OperFunded Debt.
Earnings.
Earningw.
tended than usual, and embraces an elaborate argument in Ycar.
a ted.
r 84,225 $4,897,401,997 $615,401,931 $255,193,436
favor'of the railroad companies, as against those who are inclined 1880
219,916.724
529.012,999
4,762,506,010
1879
82,223
to criticise some of these corporations as monopolies in the ter¬
187,575,167
4,589,948,793
490,103,351
1878
78,960
ritory occupied by them. Mr. Poor’s argument is based largely 1877
170,976,697
472,909,272
4,568,597,218
74,112
186,452,752
497,257,959
4,468,591,935
73,508
npon the exhibits of tonnage and rates per mile^ which show so 1876
185,506,438
503,065,505
4,415,631,630
1875
71,759
large a decrease in the latter, during the past ten years.
520,466,016
189,570,
4,221,763,594
1874
69,273
The- total number of miles of the railroads of the United
183,810,562
526,419,935
3,784,543,034
1873
66,237
105,754,373
States in operation at the close of the year was 93,671. 1372
465,241,055
3,159,423,057
57,323
403,329,208
141,746,404
2,664,627,645
44,614
The following statement shows the number of miles of railroad 1871
Diridends
Passenger
Freight
constructed and in operation each year in the United States,
l*nid*
Earnings.
Earnings.
Year.
from 1830 to the close of 1880 inclusive.
$77,115,411$147,053j003
1880
$467,748,923
Railroads of the
'
Year.
1830.
1831.
1832.
1833.
1834.
1835.
1836.
lilies
Annual
in
Increase
Opera¬
tion.
23
95
229
380
633
1838.
1830.
1840.
1841.
1842.
1843.
1844.
1845.
4.377
4,633
4,930
1846.
Year.
1847.
1848.
1849.
1850.
1851
1852.
1853.
1854.
1855.
1856.
1857.
1858.
1859.
1860.
1861.
1862.
1863.
'
'
Annual
Increase
Opera¬
of
Mileage.
1,098
1,273
1,497
1,913
2,302
2,818
3,535
4,026
4,185
1837.
Miles
in
72
134
151
253
465
175
224
416
389
516
717
491
159
192
256
297
of
1,369
1,656
1,961
1,926
2,452
1,360
9,021
10.982
12,908
15,360
16,720
18,374
22,016
1,654
3.647
2.647
2,465
1,821
1,846
24,503
26,968
28,789
30,635
31,286
32,120
651
834
33,170
1,050
TABLE SHOWING THE
Stock.
Miles.
New
27,519,532
18,558,322
19,166,000
2,128
92,619,621
4,596,437
153
England States
906
34,935,610
5,959
187,395,522
Pennsylvania
North Carolina
South Carolina
.
Georgia
1
Florida
Southern States
‘
Indiana
Illinois
Utah
12,518,878
113,526,340
13,950,127
314,871,989
69,222,157
1,476
1,906
24,985,000
52,242,714
43,820,139
44,823,743
88,225,486
157912
226,220,518
260,909,855
17,381,957
504,512,330
7,406
250,937,015
265,564,719
74,062,602
122,476,965
231,415,733
70,845,786
100,011,758
195,480,365
9,0 4 O
12,552,818
8,752,680
6,536,273
22,058,817
3,429,937
5,576,940
557,611
1,965,918
2,334,277
2,700
474,900
657,345
10,062,340
529,054,552
148,203,324
229,024,996
448,954,915
152,896,239
180,086,282
1,485,111
85,601,814
169,259,203
89,954,215
188,270,231
19,736,593
104,376,797
34,934,000
1,195,520
975
j 9,049,956
312,121,603
6,071
48,755,609
17,193,685
128,175
517,676
5,346,369
7,999,191
572,786,895
154,774,489
420,490,980
3,854,591
78,627,467
11,620,622
111,460,670
23,807,234
30,424,656
49,676,723
6,495.000
78,162,210
8,176,072
44,869,349
46,606,741
69,261,896
5,906
1,308
5,958
204
1,117
326
1,896
1,405
1,224
2,515
3,488,694
8,419,626
599,572
99,071
1,655
5,289,789
1,870,789
1,077,575
3,288,318
5,555,485
416,523
984,497
2,082,587
3,597,91ft
14,000
.
389
376
711
4,298,481
18,934,430 11,733,49ft
87,94ft
78,060
3,191,064 1,347,444
996,108
407,431
651,231
1,051,111
15,332
1,440,582
232,305
314,805
280,44ft
1,619,935
214,368
80,00ft
1,358,219
390,09ft
1,343
2,030
8,968,956
4,037,131
1,639,904
840,700-
4G8,940,551 13,548
48,317,754
18,124,034
8,006,591
3,525,977
493,509,847
136,086,961
213,462,348
390,922,563
152,507,576
194,624,834
1,485,111
89,236,600
170,856,629
64,123,828
227,822,761
18,438,045
102,178,143
34,945,951
6,775
3,306
5,169
9,862
3,900
2,672
2,137
3,326
1,950
3,452
351
62,314,749
19,297,775
31,813,948
71,289,545
15,482,639
9,353,880
6,611,435
24,147.262
10,518.145
24,085,330
1,227,341
10,968,074
3,478,067
24,651,211
6,706,566
9,707,519
37,332,122
6,146,169
4,140,985
2,807,764
11,933,700
4,922,920
9,834,355
548,669
8,589,729 8,998,10ft
3,448,880 1,953,48*
646,718
4,512,686
11,087,788 11,921,938
3,710,058 1,937,86*
168,275
1,489,717
64,050
1,166,27ft
1,932,246
5,174,473 3,612,00ft
968,877 1,947,195
5,577,548
525,73ft
352,700
240,000
45,910 290,588,190 125,166,218
1,186,496,937 1,124,843,109 170,498,226 2,381,838,272 2,290,201,197
130,340
242,250
90,00ft
180,00ft
1,950,000
10,000,000
2,600,000
23,000,000
124,102,582
11,000,000
1,462,500
20,000,000
3,734,000
1,900,000
124.603,153
16,918,000
7,157,861
3,412,500
30,000,000
6,334,000
24,900,000
255,763,596
27,918,000
2,531
474
3,412,500
29,599,621
6,304,000
24,900,000
258,360,047
17,614,734
105
145
2,980
582
394,885
1,232,785
22,831,218
4,277,772
177,308
449,747
8,418,395
1,740,656
5,668,575
331,140
3,406,83ft
315,93*
JL 4
BY
GROUI>S
314, «71,989
OF
STA1rES.
312,121,603
13,950,127
53,501,738 1,558,691,219 1,242,155,044
17,381,957 504,512,330 468,940,551
70,498,226 2,381,838,272 2,290,201,197
7,157,861 348,328,096 340,190,902
17,193,685
6,071 48,755,609
14,881 199,003,718 83,923,393
13,548 48,317,754 18,124,034
45,910 290,588,190 125,166,218
3,813 28,736,660 10,786,106
5,346,369 7,999,191
38.666,290 28,479,891
8,006,591 3,525,977
49,474,773 33,117,59ft
6,372,305 3,992,76*
107,866,328 77,115,411
4,653,609,297 84,225 615,401,931 255,193,436
933369 2,553,734,177 2,392,017,820 162,489,909 5,108,241,906
MONTH OF MAY.
j-
Nashville Chattanooga & St.
Louis.—The following shows
month of June,
published in the
the receipts and expenses of this road for the
1881, and for the year ended June 30, as
Louisville Courier-Journal:
June
,
Surplus.
Interest and taxes. 1
Improvem’t account, N. W.
.
—TV. end. June 30—
$73,907
$42,679
Div.. 25,775
1879-80.
earnings
Working expenses
Gross
Net earnings
$1,542,544
972,435
'
$620,108
OCTOBER TO MAY,
$154,594
80.641
Gross receipts
Operating expenses
New' iron bridges
New engines
New cars
137 i
51,176,566
145,12ft
4,060,735
240,000“
2,299,296
33,117,59ft
113,526,340
187,395,522
5,959
780,968,618 724,220,863
15,335
260,909,855
15,912
226,220,518
50,585 1,186,496,937 1,124,843,109
172,652,582 168,517,653
5,876
..
2,304; 26,555,436
849,260
4,060,010
1,536,000
RECAPITULATION
Total United States
9,221,102
424,272
3,559,855
805,346
274
Washington Territory....
Southern States
Western States
Pacific States
1,200,916
1,188,644
4,528,215
448,686
~49~474,773
322
Oregon
3,542.728
979,137
357,907
309,270
3,054,204
1,716,761
38,921,254
16,000,000
664
384
815
588
727
917
$
$
$
1,589,896
4,723,776
1,710,462
591
2,828
3,883.754
3,227,412
928,423
1,048,488
3,429,013
432,263
3,901
2,335,087
8,194,355
Territory
5,855,025
1,008
8,763,245
<2,800,494
1,544,539
...
39,434,181
26,455,058
30,357,644
152,843,129
38,666,290 28,479,891
6,188,321
46,421
4,188,000
36.808.500
50,762,300
49,044,100
92,782,181
11,602,135
Earnings.
83,923,393
682,104,926
4,021,383
3,235,000
30,869,118
3,421,585
16,544,738
17,503,656
27,788,417
12,500
46,937,976
Earnings.
Div [dead.
Paid on
Stock-
Interest
Paid on
Ronds.
199,003,718
53,501,738 1,558,691,219 1,242,155,044 14,881
454
78,620,516
43,812,952
915,000
36,697,920
116,162,626
40,907,415
95,013,150
7,475,113
61,395,533
17,398,000
Net
27,956,499
8,126,022
41,249,774
173,324
6,008,921
408,853
23,033,200
130,696,390
Gross
72,134,581
24,012,151
87,667,458
579,933
13,639,355
970,240
119,831,946
32,730,559
32,855,618
55,517,342
7,423,000
65,388,042
A CUNT.
REVENUE
Miles
Oper¬
ated.
12,150,255 11,713,09ft
2,180,048
619,259
968,978
1,103,527
684
IN ew England states
Middle States
37,858,273
58,909,816
11,886,100
15,381,533
3,219
Nevada
California..
26,601,314
150,853,044
6,631,664
48,715,362
27.271.500
108,898,886
$
$
9,959,074
96,827
1,260,874
6,203,492
and
38,212,332
58,742,082
20,225,200
16,505,107
31,380,615
Western and S. W. States 50,585
New Mexico Territory
Arizona Territory
1,236,192
728,973
137,384,427
132,309.270
RAILROADS OF THE U. S. FOR 1880.
Equipment.
$
$
668,187
2,028
1,469
1,221
2,616
209
Nebraska
Kansas
Missouri
Arkansas
Texas
Colorado
$
20,024,613
6,806,800
17,963,300
54,274,349
1,938,400
Total
Amount.
724,220,863
2,852
2,782
1,844
3,875
Iowa
Other
Debt.
780,968,618
5,034
4,025
Minnesota
Dakota Territory
Cost of
Railroad
15,335
1,231
OF ALL THE
ACCOUNT.
295
9,383
Wisconsin
4,721
7,174
93,671
140,999,081
379,466,935
389,035,508
340,931,785
294,430,322
following table is most comprehensive and shows at a.
glance the condition of railroads in every State and Territory-.
The information embraced in the entire 1,300 pages of the;
manual is condensed to make up this summary :
84,859,208
3,607
5,069
Michigan
2,687
86,497
136,120,583
139,105,271
1881.
The
29,670,312
68,989
1,715,836
1,420
Kentucky
The Manual has become one of the best known statistical I
works published in the world, and never has there been a timewhen the demand for it was greater than in this present year,.
1,501,000
51,927,360
2,925,000
2,086
Tennessee
7,379
5,878
4,107
2,105
1.712
2.712
2,281
66,171
70,278
72,383
74,096
76,808
79,089
81,776
342,105,064
Mississippi
:
60,283
310,328,650
2,451,394
31,216,012
3,216,900
Alabama
Louisiana
6,070
587,006,034
193,911,347
1,072
Virginia
52,914
18,200,621
3,799,559
222
Middle States
1873
1872
1871
217,705,441
108,056,098
Delaware
Marjdand
West Virginia
1874
46,844
1,742
2,449
2,979
4,615
738
351,699,972
82,055,690
5,975
1,687
6,081
New York
New Jersey
Ohio
$
1,059
876
836
61,681,470
53,029,366
58.556,31*
68,039,66ft
7 4,294,20ft
67,042,94*
67,120,70*
64,418,157
56,456,681
124,637.290
125,20 4,724
1,177
tion.
33,908
35,085
36,801
1867. 39,250
1368. 42,229
1869.
1870.
1871.
1872.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
1880.
142,336,191
386,676,108
365,466,061
347,704,543
361,137,376
363,960,234
1879.'.
1878
1877
1876
1875
Funded
Debt,
Capital
Connecticut
of
Mileage.
1864.
1865.
1866.
CAPITAL
Vermont
Massachusetts
Rhode Island
Opera¬
MILEAGE, CAPITAL, COST AND REVENUE
STATES AND TERRI¬
TORIES.
Maine
New Hampshire
Annual
Increase
Year.
tion. Mileage.
668
5.598
398
5,996
7,365
Miles
in
1,265,821
$838,146
$475,716
195,797
26,144
27,036
1879-80.
Gross earnings...
Working expenses
Net earnings
Increase-
1830-81.
$1,776,890
$184,34ft
1,076,925
104,48ft
$699,965
$79, Soft
INCLUSIVE.
1880-81.
In a’ease.
$1,569,418.*
$12,057,029
$13,626,443
7,697,578
8,829,764
1,132,188
$4,359,451
4,796,683
”$437,231
and
—Hugh J. Jewett, Cortland Parker, C. L. Attlebury
incorporated the New York Lake Erie & Western.
Docks & Improvement Company of Jersey City, N. J.; capi¬
Excess of expenses
$3,128
$71,174
New York Lake Erie & Western.—The following is the tal, $2,000,000. To reclaim and improve certain lands under'
water in Hudson County, and the erection and maintaining;
official report of earnings for the month of May and for eight
thereon of docks, piers, elevators, warehouses and railways.
months—October, 1880 to May, 1881, inclusive:
7,350
1,230— 77,350
Real estate
-
159,005 •
25,621— 909,321
others have
THE CHRONICLE.
102
<=
=
=
'■
==
:
==
New York
Pittsburg & Chicago.—Articles of agreement
were filed at Harrisburg, July 20, by the New
York Pittsburg & Chicago Railway Company of Ohio, and the
New York Pittsburg & Chicago Railway Company and the
stock, it is stated, will be $7,000,000, divided into 140,000 shares.
New York Stock
Exchange—New Securities.—The follow-
ing have been admitted to dealings at the Stock Exchange :
Texas Central Railway Company—$2,145,000 first mortgage
sinking fund gold bonds, due November, 1901.
Richmond & Alleghany Railroad Company—Additional $753,300 capital stock represented by stock trust certificates.
The
additional amount makes a total of $5,000,000 issued.
Scioto Valley Railway Company—$2,500,000 capital stock, in
Bhares of $50 each, and $2,100,000 first consolidated mortgage
7 per cent bonds, due July, 1910.
East Tennessee Virginia & Georgia Railroad Company—Com¬
mon
stock, $27,500,000; preferred stock, $16,500,000; first
mortgage consolidated 5 per cent bonds, due July, 1930, and
income 6 per cent non-accumulative bonds, $16,000,000.
Pacific
Mail
Steamship Company.—The New York
Tribune states that this company has obtained a writ of
he action of the Tax Commissioners in
certiorari to review
=
■■
Uhe Commercial jinxes.
sad consolidation
Pittsburg & Chicago Railway Company of Pennsylvania, which
are now in process of construction to some point on the boun¬
dary line between said States, and which when united wrill form
a continuous line
The new corporation will be known as the
New York Pittsburg & Chicago Railway Company. The capital
:[Vol. XXXIIL
COMMERCIAL EPITOME.
Friday Night, July 22,1881.
The President of the United States has made further progress*
in the
past week toward recovery from his desperate wounds,
and there
health.
seems
little doubt
now
of his ultimate restoration to-*
The
exciting political contest at Albany approaches
an end.
The weather has been much more agreeable, and
there is no longer any serious suffering from intense heat; nor*
are there any more destructive storms reported.
The breaks
in the corners on cotton and lard, noted last Friday, have beeu
followed by frequent fluctuations. General trade is quite
moderate, as usual at this season. The fall business has not
fully opened as yet.
The market for provisions has been generally weak, with the*
speculation in lard feverish and variable. To-day pork was .dull
and nearly nominal on the spot, with new mess held at $18 50
for August and September and $18 40 for October. Bacon sold
at the West at 9T0c., but was quite nominal here.
Cut meatswithout essential change. Lard declined, and closed on the spot
at ll%c. for prime City, and 12*10c. for contract Western; re¬
fined for the Continent quoted at 12c. The speculation in
futures was very active, closing at 12’02/^c. .for July and.
August, ll*80c. for September, 11c. for October, 11-12^0. for
November and 10‘97/^c. seller the year; but a speculative corner
in Chicago held the price there at 12 25c. for July. Beef and beef
assessing the company’s property for local purposes. The
papers upon which the writ was granted disclose the fact
that the company is engaged in the carrying trade on the
high seas, that all its vessels ply between New Y"ork and
foreign ports, that the principal office of this line of ocean¬
going steamships is at Clarkstown, a small village situated in
the mountains of Rockland County back of Nyacfe, that notice
was duly given to the authorities of this city of the place of
hams are very dull. Butter has been depressed. Cheese also
the cbmpany’s principal office, that a tax for local purposes
weak; factory, 8@llc. Tallow sold to-day at 6%c.
was to be imposed on the personal
property of the corporation
Rio coffee has been fairly active and steady at ll%@ll%e.
at that place, and that—notwithstanding this notice—the Tax
Commissioners of New York have assessed the value of the
for fair to
company’s property at $4,000,000.
It is further alleged against the legality of the action of the
Tax Commissioners that even if the property could be taxed
in New York and not in Clarkstown, the place of the company’s
principal office, the assessment is excessive. Moreover, the
company is exempted from taxation either in Clarkstown or
New York or elsewhere for the period of fifteen years from
June 1, 1881, by virtue of a statute passed at this present
session of the Legislature declaring that the capital stock, fran¬
chises and earnings of all corporations engaged in the ocean¬
carrying trade between this and foreign ports shall not be
of the
258,600 bags.
has met with
June
1881.
/
Operating
Refined sugars
Gross receipts
Gross expenses
.
1.072,778
$70,832
$71,168
* $93,031
$839,300 $725,127 $4,688,532 $4,099,989
Loss.
,
Rhinebeck
&
Connecticut.
keepsie, N. Y., July 21,sjtys
been served
$366,019
on
—
A
dispatch from Pough¬
summons and complaint have
the Rhinebeck & Connecticut Railroad Company,
:
“A
by Thomas Cornell and others, for the foreclosure of a mortgate of $800,000, given November 1, 1872. The papers have
been filed in the County Clerk’s office in this place.”
Texas & St. Louis.—Work
on
the line of the Texas & St.
Louis, narrow-gauge road is beiDg pushed rapidly. The con¬
tract from Bird’s Point, Mo., to Little River, a distance of 39
miles, has been let, and grading is now going on.
From
Malden, Mo., to Oak Bluff, Clay County, Ark., 25 miles,
the work is all under contract, and 20 miles of the New Madrid
& Malden track (owned by the Texas & St. Louis) will be used
as a part of the link.
On* the southern division 25 miles have
been put under contract from Texarkana to the Red River.
This is to gain a connection by river with New Orleans and St.
Louis until the line is completed to the north. Another short
move is the building of a line 18 miles long from Waco to a
junction with the Gulf Colorado & Santa Fe road,
an
all-rail
connection for St. Louis via the anti-Gould route being se¬
cured. This is also under contract. Four corps of engineers
are in the field, and as fast as they finish surveys the contracts
axe let.—Boston Advertiser.
Texas & Pacific.—A
dispatch from Fort Worth, July IS,
said: “ The end of the track
on the Rio Grande Division of the
Texas & Pacific Railway on Saturday night was 341 miles west
of this point. The end of the track on the southern extension
of the Missouri Kansas & Texas is to-day twenty-five miles
south of this point. Work is progressing rapidly, with favor¬
able weather.”
;
hards,.
moderately active, and sales for the week
: 1,200‘cases 1880 crop, Pennsylvania,
assorted lots, 10(d)18/£c.; 50 cases 1879 crop, Pennsylvania, wrap¬
pers, 20@40c.; 600 cases 1880 crop, New England, 6@30c.; 50>
cases 1879 crop, Wisconsin, Havana seed, private terms; 100
cases 1879 crop, Ohio, S@13c.; and 100 cases sundries, 8@12^c.
Also 400 bales Havana fillers, 8Sc.@$l 15. The Agricultural
Bureau at (Washington says the acreage of tobacco is largely iu
excess of hist year, particularly in Maryland, Virginia and
Kentucky;hut in view of the large decrease in 1880 in these
States, owing to a scarcity of plants, the area will not be greater
this year than it was in 1879. The condition of the crop isreported higher than last year. A hail-storm is reported to
have done much injury to the crop in Connecticut.
There has been a quiet and yet essentially steady market for
At the close spirits turpentine was inclined to
naval stores.
easiness on account of the unsettled Southern advices ; quoted
42@42/£c. in yard. Rosins were firm at $2 07^@$2 10 for
strained to good strained. Petroleum was quiet, but about
steady, at 7%c. for refined in bbls. Crude certificates at the
close were more active in a speculative way, as prices were
advanced to 76 %c., though early in the day there were sales at
76%c. All metals were quiet but generally steady. Lead was
an exception, having sold
up to 4*82%@4*90c. for common
domestic, and closed at 5c. asked. Ingot copper wa3 firm and
fairly active at 16/£c. for Lake.
Ocean freight room has ruled at irregular rates, but at the
close improved demands, resalting from lower prices for grain,
were an incentive to higher rates. • Tonnage is in moderate
supply. Grain to Liverpool, by steam, taken to-day at 4%@4%@
45/g@4%@5d.; bacon, 17s. 6d @20s.; cheese, 30s.@32s.6d.; cot¬
ton, 3-16@l4d.; flour, 12s. 6d.; grain to London by steam
quoted 5Md.; bacon, 20s.; cheese, 27s. 6d,; grain to Glasgow by
steam, 5d.; do. to Antwerp by steam, 4d.; do. to Cork, for
orders, 4s. 5d.@4s. 7/£@4s. 8d. per qr., as to lay days; do. to
Havre, Antwerp or St. Nazaire, 4s. 3d; do. to Marseilles, 4s. 6d.;
naphtha for Philadelphia to Rouen, 4s. %d.; refined do., hence
to London, quoted at 3s. l/£d.
are
$2,850,905
2,001,605
Profit
*
Seven*Mon/ A s. ——
1880.
1881.
$1,143,610
‘
close quiet, and somewhat irregular
10/£@10Mc.; soft white “ A,” 9^c.
Sales for the
Kentucky tobacco has been quiet but firm.
week 300 lihds., of which 200 for export and 100 for home con¬
sumption.
Lugs are quoted at 4/£@6c. and leaf at 6^@12c..
$768,469 $653,959 $4,322,513 $4,193,020
Profit
Total of both companies—
Mild grades have been in limited demand. Rice
steady demand at late prices. The tea sales by
Seed leaf has been
038,827
Phil. <fc K. Coal & IronGross receipts
Expenses
a
though there has been some demand for high grades of centrif¬
ugals. Fair to good refining Cuba muscovado quoted at 7
7%c., a decline of l-16@%c. Stocks are somewhat smaller
in first hands than last July, but have increased this month.
$1,707,205
expenses
Profit
r
v
1880.
The visible supply for the markets
off at steady prices. Molasses has been very
dull; 50-test quoted at 34>i@35c. Raw sugars have been dull,
Philadelphia & Reading. —The official comparative state¬
ment of the business of the Philadelphia & Reading Railroad
and coal and iron companies for the month of June and for the
seven months ending June 30 is as follows:
RailroadTotal across receipts
cargoes.
auction have gone
taxed for local purposes.
,
good
United States, exclusive of stocks in second hands, is
i
2,100 cases, as follows
July
THE
23, 1681.J
In addition to above exports, our
COTTON.
Friday, P. M..
.
July 22, 1881.
indicated by oar telegrams
below. For the week ending
have reached 19,362
hales against 18,199 bales last week, 19,163 bales the previous
week and 20,662 bales three weeks since; making the total
receipts since the 1st of September, 1880, 5.741.407 bales, against
bales for the same period of 1879-80, showing an increase
since September 1, 1880, of 861,364 bales.
Movement op the Crop, as
the South to-night, is given
pvpninff (July 22), the total receipts
a
telegrams to-night also
the
Lambert, 60 Beaver Street.
On
Shipboard, not cleared—for
Leaving
July 22, at—
Great
France.
Britain.
Coast¬
wise.
Other
Foreign
Stock.
Total.
qro
Wed.
Tues.
Mon.
Sat.
Receipts at—
Total.
Fri.
Thurs.
New Orleans
Mobile
143
731
Unarleston
548
....
....
203
2,686
31
31
1,309
512
184
1,255
7u6
4,736
12
181
211
39
22
168
633
....
....
8
8
208
2.001
236
335
396
Savannah
Brunsw’k, Ac.
Charleston
Pt. Royal, &c.
508
....
680
....
Florida
553
....
....
420
406
2,200
None.
None.
None.
Noim.
200
None.
99
None.
None.
None.
G91
300
300
8.9G9
*4,400
2,950
30,115
1,511
1,390
1,281
34,597
8,278
3,600
!
Galveston
New York
Other ports
Total
A
1,311
14.507
None.
3.530
None.
Savannah
Galveston
Indianola, &c.
New Orleans...
Mobile
give
following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
us
The
frnm
103
CHRONICLE
81
None.
15,998
150
1,680
600
None.
None.
450
600
67,101
4,285
None.
873
5.235
13,801
127,908
23,038
2 47,291
Included in this amount there are 300 bales at presses for
ports, the destiua.ion of which we cannot
foreign
learn.
speculative movement in cotton for future delivery has
week; prices have varied widely,
595
exhibiting at times some irregularity. Saturday opened weak,
237
3
11
290
26
28
Wilmington'....
30
30
but closed slightly dearer, and during Monday, as well as on
Moreh’d C.,&c
446
439
358
2,577
192
832
310
Tuesday morning, showed much buoyancy, prices recovering
Norfolk.
39
39
CityPoiut,&c.
nearly to the best figures of the previous Friday; but on Tuesday
129
47
23
59
New York
afternoon a pressure to sell caused this crop to recede 27 points
158
356
404
709
833
3,195
735
Boston
and the next crop 11@20 points. The feature of Wednesday was
23
532
5
200
304
Baltimore
205
255
127
21
665
1,483 the advance of 14 points for October and later deliveries, while
210
Philadelp’a, &e.
2,512 19,362 this crop was only 8(8)9 points dearer.
It was apparent, how¬
2.467
3.469
3,717
4,IS4*
3,00!)
Totals this week
ever, that the “ bull” movement, so far as this market was con¬
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1880, and the stocks to-night cerned, had come to an end; we passed entirely under the control
and the same items for the corresponding periods of last year.
of Liverpool, and when, yesterday, that market was reported
Stock.
1879-80.
1880-81.
weak, there was a general decline with us.
It will be
Receipts to
seen that on Thursday the extreme range of prices paid had nar¬
Since Sep.
This
This
Since Sep.
1881.
1880.
July 22.
Week.
Week.
1, 1879.
rowed to 10'35c. for November and 11'71c. for August, against
1, 1880.
To-day the market opened weak,
3,197 10'29@lT90e. on Tuesday.
464,424 27,770
1,088
666,059
2,686
Galveston
4
31
but. following Liverpool, closed dearer, with the distant delij.
7,734
15,310
Indianola, &c..
3,808 1,431,380 83,099 56,802 eries quite
4,736 1,567,970
New Orleans
neglected. Cotton on the spot advanced %c. on
699
4,285
4,817
633
353,13 j
382,884
Mobile
with
a large business, mainly for home consumption,
Monday,
5,036
20,141
8
20,367
Florida
There was no further
636
5,116 but, including liberal lines for export.
5,885
864,977
723,078
2,001
Savannah
4,855
3,643
change, and the close to-day was quiet at 11 ll-16e. for middling
Brunswick, &c.
2,101 uplands.
637
2,553
1,423
451,038
618,569
Charleston
49
49,972
30,622
Port Royal, <fcc.
The total sales for forward delivery for the week are 431,690
142
1,051
595
76,314
1,183
117,922
Wilmington
bales.
For immediate delivery the total sales foot up this week
26,963
30
30,491
M’liead City,&i
7,843 9,169 bales, including 4,282 for export, 4,546 for consumption,
4,095
575,569
2,088
Norfolk
2,577 711,219
510
39
155,092
210,681
341 for speculation and — in transit. Of the above, — baleg
City Point, &c.
92*2
129
213,716 132,308 105,807 were to arrive.
171,733
New York
The following are the official quotations and
9,390 10,393
181,464
226,939
3,144
Boston
3,195
sales for ?ach day of the past week.
4.870
3,119
532
50,410
19,166
Baltimore
31
52
167
....
185
121
6S7
....
....
....
....
....
....
....
....
128
....
....
....
....
....
....
....
....
•
....
The
been less active in the past
....
•
•••
—
....
>
....
....
■
....
....
....
:
'
....
684
76,471
1,483
Philadelphia, &c.
2,566
51,083
6,278
v.... 19,362 5,741,407
In order that comparison may
July 22.
Sat.
be made with other years, we
Ordin’y.^lb
6*4
Strict Ord..
Good Ord..
8'U
83q
878
9Hi6
9*3,6
give below the totals at leading ports tor six seasons.1881.
Receipts at—
1,092
137
340
409
438
3,808
409
838
792
1,714
633
699
157
210
152
320
2,001
636
306
782
510
170
526
364
1,190
Galvest’u.&c.
2.717
New Orleans.
4,736
Mobile
Savannah....
1876.
1877.
1878.
1879.
1880.
.
Moil Toes
13,148 4,380,013 291.888 208,275
Total
Charl’st’n.&c
687
1,423
143
Wilm’gt’n, <fcc
625
142
61,
137
269
377
Norfolk, &c..
2,616
567
234
582
5,347
2,599
2,750
167
All others....
1,892
686
569
798
Tot.this w’k.
19,362
13,148
3,272
4,036
3,299
Str. G’d Ord 10316
Low Mid i’g 1078
Str.L’w Mid 11°16
105ie
11
TEXAS.
NEW ORLEANS.
UPLANDS.
July 1G to
Mon Taes
Sat.
£38
87s
8*2
8^8
8^8
8*2
8%
8*%
9
9*8
9is
9
919
9*8
9lb16 101,6 101,6
10 <i6 109,6 109,0
915,6 101,6 101,6
105,6 107,6 109,6 109,6
91310
11
11*4
1114
ll^
11*4
1
**16
11*5,6
127,«
12*1,6
137,6
143,6
ll»n
1113,6
125,6
129,6
13^,6
14*16
IIH16 IH*16
1115,6 1115,6
13^,6
I4l,«
Ull16
11*5,6
127.6
1211.6
137,6
143,6
Wed
Th.
Fri.
Wed
11*8
H716 U716
Middling... 11916 Hni6 1111,6
Good Mid.. 12116 I23ie 123,6
Str. G’d Mid 12316 12‘16 12-16
iMidd’g Fair 13*16 133.6 133j6
Fair
131316 1315.6 1315,6
Mon. Tnes
Sat.
11 *-,6
12516
129,6
*
11*4
12716 12716
1211,6 12*1,6
13 <16 137,6
143,6 143,6
Th.
Fri.
Wed
Th.
Fri.
Ordin’y.$lb
3*8
83s
338
8^8
85s
8^
85s
3^8
8*8
878
87e
87e
918
9*8
9%
9*8
913
9*8
5,589
Strict Ord..
Good Ord..
Str. G’d Old
Since Sept. 1. 5741.407 4880,043 4433.653 4256,419 3956,137 4081.570
Low Midd’g
Str.L’w Mid
Galveston includes Indianola; Charleston includes Port Koyal,
Wilmington includes Morehead City, &c.; Norfolk includes City Point. &c.
The exports for the week ending this evening reach a total
of 39,081
bales, of which 26,390 were to Great Britain, 2,973 to
France and 9,718 to rest of the Continent, while the stocks as
made up this evening are now 281,888 bales. Below are the
exports for the week and since September, 1, 1880.
From
Week Ending July 22.
Exported to—
Exports
Sept. 1,1880. to July 22,1881.
Exported to—
Good Mid..
Str. G’d Mid
Midd’g Fair
Fair
Sat.
STAINED.
$ lb
Good Ordinary
Strict Good Ordinary
Low Middling.
77e
87s
10!,6 101,6
109,6 109,6
10*16 10*,6 10iia *
109,6 10916
11*4
Ilk
1111,6 11**,6 11**16 ii;*i6
1115,6 1115,, 11*5,6 111516
11*4
11 *4
127,6 127,6 12716
12H,e 1211,6 1211,6
137,6 137,6 1**16
143,6 143,6 14»16
Mon Tuei Wed
8
8
9
9
8
9
109,6
1114
11**16
11*5,6
127,6 !27i6
12*1,6 1211,6
137,6 |137i6
143,6 143,«
Th.
Fri.
8
9
8
9
9 ia
9*%
9^8
95s
9^8
101316 1015,6 101°,6 1015,6 1015,6 101516
Middling
MARKET AND SALES.
from—
Great
France
BriVn•
475
Galveston
New Orleans..
10,959
•
•
•
•
2,c53
Conti-
Total
Great
nent.
Week.
Britain.
•
•
•
•
•
475
•
2,143
15,954
310,715
France
53.029
891. 28 312,381
84,070
Mobile
24,774
Conti-
Total
107,930
7,419
471.674
116,263
CLOSED.
Sat..
Mon
Tues.
Wed
Thurs
Fri.
.
2
1,475
.
Wilmington...
••••••
Norfolk
New York
3,806
4,870
Boston
4 3S8
Baltimore
Philadelp’a,Ac
•
•
•
•
••••••
12-
5,800
300
793
1,10
1,475
«•*•••
3,806
10,794,388
1,G93
Ltoo
0,015
198.428
57,146
316,046
382.551
37,866
61,910
1,444
2,850
37,591
269,914
217,268
11,222
9,922
114,316
507,795
477,606
69,812
328,318
534,461
119,089
119,637
2
115,169
31,170
146 319
71,233
102
71,385
Total
26,390
2,973
9,118
3
5 j 1,8 48
,1,124,307 4,422,593
Total 1873-8C
18,123
T.213
2,49?
22,833 2,536,204 376,742
851,413 3,764,359
•Includes export from Port
Ruyol
*,081 2,746,438
Ac
FUTURES.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
355,042 1,578,751
Florida
Savannah
Charleston
Middling...
913,6 913,6 913,6 10*16
10°16 10Ji6 105,6 Il0916
11
11
11
1114
117,6 U716 11718 11**16
lllt16 11* *16 11*1,6 11*°16
l-816 123,6 123,6 127,6
12?16 127,6 12716 421;,6
13316 133,6 133j6 137,«
1313k> 1.31*16 1315,« 141,6
.
.
Total
Ex¬
Con-
port.
sump.
800
1 GO
610
884
2,562
Tran¬
Total.
sit.
adv
..
Quiet
Easy
Quiet
firm
...
....
594
1,842
409
313
405
4.282
4.54G
Sales.
....
....
131
....
130
80
341
....
....
....
....
100
200
300
300
200
300
9.169 431.600
1,400
3,362
deliveries aciveu aojve are aoGu.ti.iy delivered Guo
vious to that on whicli they are reported.
l?u.e daily
The Sales
and
Deliv¬
eries.
65,400
79,000
885 109,700
1,025 69,50b
1,307 47.600
2,327 60,400
263
263
Dull
Firm at jb
...
Spec-
ul't'n
Prices op Futures are shown by
day pre¬
the follow¬
ing'comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales;
THE
104
CHRONICLE.
[Vol. XXXIII,
1881.
1880.
1879.
40,900
5,440
36,000
59,100
2,900
40,700
41.000
4,000
37,500
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ntai ports.
39.700
16,400
21,800
34,100
41,000
48,750
5.080
3,150
1,320
500
200
9,750
3,330
11,200
24,800
6,200
6,500
23,000
Total continental ports....
342,350
229,190
207,400
358,500
Total European stocks.. ..1 ,190,850
India cotton afloat for Europe. 270,000
Amer’n cotton afloat for Eur’pe 177,000
23.000
Egypt,Brazil,&c.,aflt forE’r’pe
281.888
Stock in United States ports ..
Stock in U. B. interior ports...
29,796
United Strtes exports to-day..
9,200
988.290
221,000
200,000
22.000
792,770 1,035,000
320.000
235,000
Btock at Barcelona
bales.
Stock at Hamourg
Stock at Bremen
M
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299,000
160,000
86,000
60,000
776,033 1,023,021
128,000
137,000
270,000
57,100
91,190
221,000
320,000
235,000
23,000
22,000
10,000
10,000
620.850
630.250
549,770
455.000
239,000
13,500
59,500
44,370
47,400
776,083 1,023,021
...1,360,884 1,042,620
1,981,734 1,672,910 1,325,853 1,478,021
69jed.
0U16cl.
O^hed.
69i6d.
Total visible supply
The above figures indicate an increase in the cotton in sight
to-night of 308,824 bales as compared with the same date of 1880„
an increase of 655,881 bales as compared with 1879 and an increase of 503,713 bales as compared with 1878.
In the preceding visible supply table we have heretofore only
included the interior stocks at the seven original interior towns.
As we did not have the record of the new interior towns for the
comparison in any other way.
and we therefore make the fol¬
lowing comparison, which includes the stocks at the nineteen
towns given weekly in our table of interior stocks instead of only
four years, we could not make a
That difficulty no longer exists,
the old
seven
We shall continue this double statement for
towns.
time, but finally shall simply substitute
the seven towns in the preceding table.
American—
bales
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, d.c.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, <tec., afloat
Total East India, &c
Total American
Total visible
the nineteen towns for
1881.
1880.
1879.
1878.
613,000
250.000
177,000
463,000
138,000
200,000
208,183
56,662
4,000
413,000
526,000
299,000
86,000
105,615
12,527
281,888
48,397
9,200
160,000
60,000
133,105
14,410
2,500
500
783,015 1,029,642
1 ,379,485 1,069,845
137,000
13,500
59,500
235,000
10,000
128,000
188,000
47,500
92,350
270,000
239,000
57,100
91,190
221,000
44,370
47,400
320,000
23,000
22,000
10,000
620,850
630,290
1 ,379,485 1,069,845
549,770
455,000
783,015 1,029,642
2.000,335 1,700,135 1,332.785 1,484,642
supply
this week have been
These figures indicate an increase in the cotton in sight to*
night of 300,200 bales as compared with the same date of 1880, an
increase of 667,550 bales as compared with the corresponding
date of 1879 and an increase of 515,693 bales as compared with
•
©Cl
500
fcj§T The imports into Continental ports
67,000 bales.
:
i
.
co
b
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00
M
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•
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2,500
47,500
92,350
Total East India, &c
Total American
3
M
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4,000
188,000
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105.615
5,906
London stock
Continental stocks
India afloat for Europe
Liverpool stock.;.,
&
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208,183
29,437
138,000
1,360,884 1,042,620
Price Mid. Upl., Liverpool
o
OOtOwj
200,000
Liverpool stock
&«*
o©
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Septrib.
b
526,000
413,000
177,000
9,200
Egypt, Brazil, &c., afloat
M
66
OO <1 to
2,500
281.888
29,796
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian,Brazil, <£c.—
1
M M
4,000
208.183
86,000
10.000
105,615
5,906
500
463,000
250,000
s
M
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29,437
10,000
133,105
7,478
613,000
Continental stocks
'S
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Liverpool stock
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60,000
A iyip.r1c.ct7),
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7,000
Total visible supply
1,981,731 1,672,910 1,325,853 1,478,021
Ofthe aoove, the totals of American and other descriptions are as follows;
-5-1
©©m
1
mm0
o
to
co
©©
1878.
1878.
C-*
the Interior Ports the movement—that is the receipts
shipments for the week, and stocks to-night, and for the
corresponding week,of 1880—is set out in detail in the following
At
-5-5©
and
I I
statement:
I ©:
$
s
'
Week
<«
ending July 22, *81.
Week
ending July 23, '80.
I I
*
September for September, 621,400; Sept.-Oct. for
Oct., 946,500; Sept.-Nov. for November, 762,100 ; Sept.-Dee. for Decem¬
ber, 1,464,500; Sept.-Jan. for January, 2,58S,900; Sept.-Feb. for Feb¬
ruary 2,372,700; Sept.-Marcli for March, 3,466,100; Sept.-April for
April, 2,595.800; Sept.-May for May, 2,156,400; Sept.-June for June,
2,224,500.
Transferable Orders—Saturday, 11-65; Monday, 11-85"; Tuesday,
11-60; Wednesday, 11-70; Thursday, 11-65; Friday, 11-70.
Receipts. Shipm’ts
Included sales m
The following exchanges have been made duriDg the week:
•03 pd. to exch. 700 July for Aug.
'03 pd. to exch. 400 July for Aug.
•01
*75
•55
pd. to exch.
pd. to exch.
pd. to exch.
•49 pd. to exch.
100
200
200
200
Nov. for Dec.
Nov. for Sept.
Sept, for July.
Sept, for Aug.
The Visible Supply
•43 pd. to exch. 1,000 Mch. for Sept.
•81 pd. to exch. 500 Dec. for Sept.
•43 pd. to exch. 500 Mch. for Sept.
•03 pd. to exch. 200 July for Aug.
made up bj cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night ^July 22), we add the item of exports
from the United States, including in it the exports of Friday only:
Btockat Liverpool
Stock at London
of
bales.
Cotton,
as
1881.
IS SO.
1879.
1878.
801,000
702.000
57,100
511,000
G63,o00
44,370
13,500
47.500
Stock at Marseilles.
818,500
759,100
585,370
197.000
73,800
97.300
3,700
7,020
2,300
670,^00
178,500
r
6,500
6,642
29,437
3
3
187
13
26
30
27
640
354
464
46
72
24
385
887
1
89
201
20
411
244
125
1,000
568
73
487
278
24
85
19
340
441
2,365
262
Total, old ports..
Dallas, Texas.
Jefferson, Tex...
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala*...
1,527
1,944
2,625
2,151
1,908
5,681 j
1
10
15
33
60
100
469
1,800
4,735
7,912
18,601 |
2,727
St. Louis, Mo
1,548
Cincinnati, O....
Total, new ports
150
1,228
6,534
103
271
209
75
2,266
1,241
2,123
611
593
7,518
1,510
75
12,405
2,334
3.600
6,353
27,225
56.662
12,995
6,712
i
13,092
3,459
48,397 1
year’s figures estimated.
The above totals show that the old interior stocks have <fecreased during the week 3,203 bales, and are to-night 359
Total, all
*
Total Great Britain stock
732
276
10
300
194
14
50
16
145
37
201
1,158
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
895
14,521
3,615
29,796
584
Memphis, Tenn..
Nashville, Tenn.
Griflin, Ga
3,419
5,180
7
67
..
2,795
1,977
30
61
71
Selma, Ala-
4,531
574
14
504
70
624
702
Stock.
1,166
162
58
11
62
20
357
62
831
78
Montgom’ry,Ala.
Receipts. Shipm'ts
5,597
1,682
3,541
2,081
1,662
11,359
3,874
317
Augusta, Ga
Columbus, Ga...
Macon, Ga
Stock.
This
July
23,
THE
1881-1
105
CHRONICLE.
The weather is rather hot. Average ther¬
highest 99, lowest 73.
Selma, Alabama.—It has rained on two days the past week,
the rainfall reaching one inch and six hundredths. Crop accounts
Receipts from the Plantations.—The following table is are more favorable. The cotton plant looks strong and healthy.
prepared for the purpose of indicating the actual movement each The thermometer has averaged 86, ranging from 72 to 100.
weeh from the plantations. Receipts at the outports are some¬
Madison, Florida.—The weather has been warm and dry
times misleading, as they are made up more largely one year during all of the past week. The cotton plant looks strong and
than another, at the expense of the interior stocks. *We reach, healthy. The thermometer has averaged 83, ranging from
are more
period last year. The receipts at
1,245 bales more than the same week
bales more than at the same
the same towns have been
last year.
favorable.
mometer 85,
conclusion through a comparative statement
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
RECEIPTS
PLANTATIONS.
therefore, a safer
like the following.
76 to 90.
Macon, Georgia.—The weather has been warm and dry all
the
past week. No serious damage has been done, but much
damage is feared if drought continues. The thermometer has
averaged 86.
Columbus, Georgia.—We have had no rain during the past
FROM
week. Rain is much needed. The thermometer has ranged
from 80 to 98, averaging 87.
Receipts at the Ports. Stock at Interior Ports Rec'pts from Plant'ns.
Week
Savannah, Georgia.—It has rained on two days the past
ending—
1879.
18.80.
1881.
1880.
1881.
1879.
1881.
1880.
1879.
week, the rainfall reaching eighteen hundredths of an inch.
The weather is very hot.
The thermometer has ranged
8,105 35,273
19,031 25,001 45.535 71,54G 180,058 193,949 11,615
|(uy 0
from 78 to 101, averaging 88.
175.310
7,000 14,135 30,517
59,249
170,157
24.030
49,150
19,897
13
8,853 11,812 25,347
Augusta, Georgia.—The weather during the past week has
16,073 20,514 42,415 51,429 101.455 158,248
20
132.471
been
warm and dry, with the exception of a heavy shower on
42.198
7.8S2
5,55'
11,074
143,241
23.704
30,85
i
17.113
2?
6,461 11,008 23,513 one day.
11,089 23,074 32,042 37.570 130,035 123,342
The rainfall reached one inch and twenty-eight
.Tune 3
4 518
2.983
1,471
hundredths. The thermometer has averaged 87.
0.0! 2 18,580 29.432 32,429 115,038 98,428
10
4,005
1.022 18,022
7,1*48 19.870 24.218 29,306 96,190 88,232
17
Atlanta, Georgia.—Telegram not received.
2,210
8,493 17.119
0.20 1 23.511 23,470 25,2*3 81,172 81,875
24
Charleston, South Carolina.—We have had a shower on one
802
8,775
10,9,'<8
3,(537 17,057 20.602 22,388 75.103 09,988
July 1
day
the past week, with a rainfall of thirteen hundredths of an
1,335 10,917 13,3^7
8,032 11.070 19.183 20.691 71.950 84,212
8
inch. Vegetation is suffering for rain. The thermometer has
8.764
00,198
54,777
4,939
15.^28
18.199
809
2
10,691
1-r>
85, ranging from 74 to 99.
22
1 3,272 13 148 19.362 14,410 50,602 48,397 ?,’54 3,012 12,982 averaged
The following statement we have also received by telegraph,
The above statement shows—
showing the height of the rivers at the points named at 3 o’clock
1. That the total receipts from the plantations since Sept. 1 in July 21, 1881, and July 22, 1880.
1880-81 were 5,731,879 bales; in 1879-80 were 4,929,404 bales; in
July 21, ’81. July 22, ’80.
Feet. Inch.
Feet. Inch.
1878-79 were 4,444,765 bales.
New Orleans
Below high-water mark
6
8
8
0
2. That, although the receipts at the out-ports the past week
Memphis
Above low-water mark... 14“
1
19
9
were 19,362 bales, the actual movement from plantations was
Nashville
Above low-water mark...
7
5
4
2
Above low-water mark...
7
O
11
6
only 12,982 bales, the balance being taken from the stocks at the Shreveport
8
33
7
Above low-water mark... 20
interior ports. Last year the receipts from the plantations for Vieksburc:
New Orleans reported below high-water mark of 1871 until
the same week were 3,612 bales and for 1879 they were 2,154
9,1874, when the zero of gauge was changed to high-water
Sept.
bales.
mark of April 15 and 16,1874, which is 6-10ths of a foot above
Weather Reports by Telegraph.—The weather during the 1871. or 16 feet above low-water mark at that point.
Weather Record for June.—Below we give the rainfall and
past week has in general been favorable for cotton, but in some
sections, especially in the Southwest, rain is still needed.
thermometer record for the month of June and, previous
Galveston, Texas.—We have had good showers on three days months of this year and last year:
the past week, but not quite enough. The rainfall reached one
March.
May.
April. 1
| June.
January. February
inch and ninety hundredths. A good portion of the State has
Rainfall.
1881 1880. 1881 1880 1881 1880.
Il880
1881
1880
1881
1880
1881
received partial showers, which were very beneficial for cotton,
but insufficient. Not more than half a corn crop is made, but Norfolk.—
1-4C
054
l-8f
5-34 4-0f
3-741 5-34
Rainfall, in.. 355 1’42 2-86 l-6£ 30
the abundance of old corn and the excellent oat crop will enable
17
9
6
10
10
14
17
14
0
11
15
10
Days of rain.
farmers to get through. The price of old corn has doubled,
WILMING’N.—
and in some sections has trebled, within the past sixty days.
Rainfall, in.. 5-06 3-55 2-8C 2'85 5-14 1-93 3-4r 3-5S 211 1-84 8*4* 6-93
10
10
5
9
14
12
13
11
12
17
9
10
Days of rain.
No new cotton received this week ; the total receipts thus far
Charleston—
is three bales.
The thermometer has averaged 84, ranging from
0-48 0’9C
l"4r
2-18
Rainfall,‘in.. 5-98 2-15 1*50 397 411 201 3-38 3-65
t
M
4i
II
II
....
<4
44
44
(<
<4
..
«
15
7
10
10
12
11
14
10
5
4
10
5
8-09
10
4-28
11
398
8
337
10
7-54
11
6-43
4-71
15
5-72
15
1-35
7
2-08
8
211
12
1*54
821
10
262
12
9-79
7
302 10-55 11-44
14
11
7
371
9
5-75
12
1-15
5
4-20
7
2‘3€
5
530
8
5 77
14
2-56
6
1-10
9
2-95
11
379
10
114
11
332
12
4-49
12
0-83
6
2‘53
0-91
11
2-30
11
457
6
1-99
5
8-73
0
1-90 10-31
7
3
8-00
9
7-05
4
4-50
7
337 11-84
5
5
597
8
0-45
Rainfall, in
Days of rain.
5-80
10
1-95
5
2-84
5
2-10
e
7-10
569
8
4-90
7
4-35
5
1-00
1
3-22
....
Rome, Ga —
Rainfall, in..
Days of rain.
335
244
555
292
7J0
7
10-40
3-35
925
4-47
7
1-08
3-05
2-35
4
5
0
2-01
8
0-24
11
2-82
0
800
13
2-25
5
4-94
12
1-09
0
8-76
72 to 92.
Days of rain.
Indianola, Texas.—We have had showers on two days the
past week, but not enough to do much good. The rainfall
reached sixty-three hundredths of an inch. Many farmers are
said to be chopping down cotton, intending to make coarse
forage, as in some sections it is unfit for anything else. Average
thermometer 83, highest 99 and lowest 78.
Corsicana, Texas.—It has rained (mere drizzle) on one day
the past week, the rainfall reaching but two hundredths of an
inch. Rain is needed badly. The thermometer has ranged
from 69 to 104, averaging 85.
Dallas, Texas.—The weather has been warm and dry all the
past week. We are suffering for rain. The thermometer has
averaged 85, ranging from 70 to 104.
Brenham, Texas.—We have had no rain during the past
week. Last week’s rain has been very beneficial. We are now
needing rain. Average thermometer 85, highest 96 and lowest 75.
Waco, Texas.—The weather has been warm and dry during
the past week. We are needing rain. Cotton is doing well in
bottoms but is suffering in uplands. Corn crop is very poor. The
thermometer has ranged from 70 to 100, averaging 84.
New Orleans, Louisiana.—It has rained on three days the
past week, the rainfall reaching twenty-seven hundredths of an
averaged 83.
Shreveport, Louisiana.—Telegram not received.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has been showery on one day the
past week, the rainfall reaching seventy-two hundredths of an
inch. Caterpillars have appeared, though the injury done is as
yet limited. Average thermometer 89, highest 99 and lowest 80.
Little Rock, Arkansas.—The past week has been clear and
hot, with the exception of Tuesday, on which day we had a rain¬
fall of forty-four hundredths of an inch. We are needing rain
very much. The thermometer has ranged from 72 to 97, averag¬
ing 84.
Nashville, Tennessee.—It has rained on one day the past
week, the rainfall reaching twenty-nine hundredths of an inch.
We are needing rain badly. Average thermometer 83, highest
inch.
The thermometer has
100 and lowest 63.
r
,
Mobile, Alabama.—It has been showery on two days the past
woek, the rainfall reaching fourteen hundredths of aii inch. The
«rop is developing promisingly. The thermometer has ranged
from 74 to 98, averaging 84. '
.
Montgomery, Alabama.—We have had rain on two days the
past week, and the balance of the week
rainfall reached forty-six
has been pleasant.
hundredths of an inch.
The
Crop accounts
Augusta.—
Rainfall, in..
Days of rain.
Atlanta
,
—
Rainfall, in..
Days of rain.
Savannah.—
Rainfall, in..
Days of rain.
COLUMB’S, Ga.
Rainfall, in..
Days of rain.
Macon.—
.
JACKSONV.—
Rainfall, In..
Days of rain.
Cedar Keys.
Rainfall, in..
Days of rain.
Montgom’ry.
Rainfall, in..
0
6
4
13
5
317
11
1-12
8
0-17
12
2-89
11
1-69
8
4-57
8
1-05
10
9-36
12
302
7
351
7
7-35
8
3-86
10
2-83
6
3-45
5
073
9-12
9
4
8
8
2
1-41
4
10
!
3-58
14
1-65
12
7-00
9
611
13
5-45
13
9-20
15
4-52
8
0-42
13
1-41
11
707
14
3‘04
11
762
10
1-18
5
8-00
12
5-73 10-41
12
12
9-41
14
9-21
11
299
12
1-44
8
5-62
10
4-85
11
5-08
11
Rainfall, in.. 11-15
13
Days of rain.
1-02
5
5-80
12
402
12
2-75
11
6-60
16
3-92
7
0-88
10
320
10
0-55
14
2'84
13
0*43
20
2-08
11
330
10
6-19
10
1-80
7
6-17
12
281
7
8-43
10
8-03
13
3-21
12
0-39
3
2-74
10
1-75
9
4-83
9
6-00
9
757
11
3-73 10-20
11
6
5-12
322
9
372
3-77
1-85
7-20
353 11-23
14
9
1-48
0
9-09
13
5-99
8
1-94
11
4-00
11
439
10
H® ©GO
4-04
13*
557
775
10
2-00
10
6-04
17
1-48
9
456
14
409
17
2-24! 6-17
854
20
374
5-48 12-37
13
17
2-79
19
8-10
17
5 12
18
526
10
3-67
16
413
8
Rainfall, in.. .4-38
10
Days of rain.
6-87
12
6-41
13
9-44
12
323
17
8-82
17
5 74
17
3-91
14
2-80
19
3-94
10
0-06
9
8-29
11
213
16
1-47
11
6-54
14
476
12
1-71
10
307
11
4-61
12
4-21
12
1-66
10
0-29
11
243
14
322
6
055
13
220
334
7
337
325
10
2-71 4-08
5 1 13
3*73
2
Days of rain.
Mobile.—
.
Rainfall, in..
Days of rain.
N. Orleans.—
Shreveport.
Rainfall, in..
Days of rain.
Col’bus, Miss.
Rainfall, in..
Days of rain.
224
13
403 0-90
11
4
Vicksburg.—
Rainfall, in..
Days of rain.
Little Rock.
Rainfall, in..
Days of rain.
tow
•q
1-90
6
Nashville.—
Rainfall, in..
Days of rain.
Memphis.—
Galveston.—
Rainfall, in..
Days of rain.
Indianola.—
Rainfall, in..
Days of rain.
Corsicana.—
Rainfall, in..
Days of rain.
8
11
9
10
12
4j
0 90
8
3-38
10
12
3-70
3-95
10
12
3-82
8
2-83
4*90
14
12
3-50
13
4-09
8
0-03
4
833
202
10
3-60
11
a"
3*48
9
5-90 14-33
315
7
....
2*75
8
14
8
1
20
8
*
106
THE CHRONICLE. ;
1881. 1880.' 1881. 1880.
j
j
Norfolk
lamest
.
Wilmington.
Highest
Lowest
Average
06-0
58-0
ISO
{■4-5
310
492
080
28-0
43-1
760
250
553
710 81-0
19-0! 300
49-1 533
670
77-0
330
58-2
7U0I
69-0! 78-0
130; 220
396
1
Highest
300
470
Lowest
Average
Augusta.—
Highest
52
I
Lowest
Average
78-01 820
310, 340
52-1! 562
860
75-0! 80-0
330 400
54-6, 61-2
bagging since
firm.
671
98-0
450
734
99-0 101-0
58-0 58-0
74-0 76 0
33-0,
57-8
90-0
34 0
635
930
540
70-6
92-0
450
709
95-0 1000
590 550
784 70-6
810
320
60-rf
87-0
39-0
67-0
910
560
731
890
530
73’1
90-5 100 0
04-0
81 8
6 -0
800
|
81-0 77-0; 84-0 89-3 88-0
33-0 -330 32-01 31 - 0! 360
55-1 530 59-9
661
982
583
75" 1
89-0 101-8
500 02-3
734 81-7
00-0
*810
860
33’0
62-0
930
520
715
89-0
440
713
900
57-0
775
92-0
590
70 0
935
575
742
890
500
73-7
99-0 ioo-o
00-0 630
82-6 81-9
360
56*4
3!
890
Jurs.
920
78-0
2601
J
73-0: 81-0
29-0; 270
45'6( 485
May.
1880. 1881. 1880. 1881. 1880.
840
27-0
60-0
489
1
Charleston—
April.
]
1880.] 1891.
1881.'
j
—
Highest
Average...
ifarch.
January. j February.
Thermometer.
280
525
1
64 0
20-0
425
760
310
74-0!
270
585
50-8
620
230
39-6
710
30-0
555
680! 74-0
700
320
48-5
75-0
340
590
73A 80-0
53-8
38-0
577
650
250
450
780
38-0
590
720
29-0
530
650
25-0
45-0
75 0
600
18-0
38’7
62"2j
1
Atlanta.—
490
34-0'
470
550
76-0
36-0
85-0
430
56-7
643
86-0 88-0
330 j 4U0
63-3 689
750
350
540
70-0
37-0
54-0
82-0
420
65-0
850
490
650
.88-0
420
680
900
640
800
86-0 100-0
58-0 70-0
72-0 85-0
74-0
250
510
770
260
53-0
74 0
30*0
540
84-0
340
600
86-0
27-0
630
88-0
660
920
560
730
86-0
52-0
73-0
71*0
3U0
52-9
67-0
23-0
730
26-0
49-4
69.0
28-0
48-9
75-0
330
55-8
82-0
270
59-o
86-0
330
63T
91-0
52-0
722
36-0
44-0
90-0
58-0
920
59 0
723
78-0
770
720
77-0
78-0
450
62 1
340
580
81-0
420
61-3
80-0
390
60'0
860
430
683
88-0
370
6?-4
91-0
420
71 9
90-0
63*0
75-8
950
330
530
58-0
739
99-0 100-5
060 69 0
832 81 0
740
340
5-4'8
77-0
48-0
63-6
74-0
35-0
583
750
430
00-7
74-0
40-0
81-0
49-0
58-8
690
84-0
38-0
662
88-0
500
714
91-0
660
705
91-0
60-0
70-2
93-0
68-(l
82-4
940
05-0
808
660 | 75 0
240 360
452 53-0
72-0
300
5U1
79-0
33-0
542
76-0
340
54-3
85-0
39-0
62-0
890
300
64-4
90-0
40-0
67-5
960
58-0
76-2
92-0 105-5
49-0 61-2
70-7 82 9
98 0
63-0
80T
72-0 1 74-5
28-0 390
47'9 , 59-4
71-0
30-0
537
77-0
34-0
565
730
38-0
90-0
320
656
85-0
42-0
940
58‘5
90-0
53 "0
75-3
99-8
640
950
030
573
82-0
39-0
645
830
80-2
75-0
310
504
750
42-0
63*2
78-0
360
63-4
77-0
43-0
60-4
770
42-0
59-9
81-0
420
65‘7
84-0
38'0
658
8-4-0
49-0
71-2
89-0
600
77-0
88-0
58-0
70; 0
970
715
83-0
oo-o
090
80-1
71*0
23-0
470
73-0
330
79-0
29-0
532
81-0
350
840
340
59-0
91-0
32-0
61-4
930
40‘0
55'0
72-0
220
47-0
66T
92-0
020
77"0
91-0 101-6
54-0 66-0
72T 83-8
93 0
03-0
780
Average
433
77-0
350
59-8
720
28-0
50-3
82-0
310
54-5
78-0
Lowest
71-0
260
360
562
85-0
36-0
605
90-0
31-0
66-9
89-0
410
68-5
940
62-0
76-8
930 100 0
520 090
76-2 1 8U5
94 0
63 0
78-5
600
130
31*0
750
72-0
74-0
29C
50-0
23-0
62-0
92-0
40-0
640
85-0
58-0
7U0
89-0
200
46-0
800
24 0
48-0
80-0
500
710
160
390
73-0
78 0i 75 0
60-0
12-0
349
72*0
28-0
53T
65'0
20-0
41-9
710
110
45*6
760
26-0
470
73C
290
51-7
84-0
260
57-8
87-C
33 0
63 a
91-5
51 0
70-7
900
400
74-2
07-5! 90-0
Lowest
Average
Savannah.—
Highest
200!
28-0
49-0
44-0
820
250
58T
790,
1
Lowest
Average
COLUMB’S.Ga.
Highest
Lowest
Average
Macon.—
Highest
Lowest
Average
Rome. Ga.—
Highest
Lowest
Average
JACKSONV.—
29-0
310
56-0
45-3
340
980
710
84-0
.
»
.
.
•
Highest
Lowest
/4 Yerngp
Cedar Keys.
Highest
Lowest
Average
Montgom’ry.
Highest
Lowest
Average......
Mobile.—
Highest
Lowest
Average
N. Orleans.—
Highest
Lowest
Average
Bhreveport.
Highest
Lowest
Average
1
53-0
70-9
1
Vicksburg.—
Highest
692
Little Rock.
Highest
Lowest
Average
210
Lowest
Average
Memphis.—
Highest
Lowest
Average
Galveston.—
Highest
Lowest
Average
650
14-0
34*0
690
220
43-1
730
34-0
54-6
94-0
90-0
59 0
j
Nashville.—
Highest
,
j
44-0 : 020
74-0
250
47-4
76-0
310
505
!
87 0
87-0
27-0
60-0
390
649
92 0
590
74-1
91-0 100-0
45-0t 03 0
7150 1 815 1
1
1
68-0
28 •(
47-2
75'0
47T
64-6
680
74-0
21T
45-4
80-0
76-0
43'( j
32'C
65' 1
1
j 55-3 j 57-7
78‘C
8'C
40-2
79T
33C)
!
59-1
! 49-5
320
54-8
1
Highest
Average
Corsicana.—
Highest,
*
Lowest
900
56 (1
77-7
94-0
T3"0
91-0
080
80O
si-5
80-0
38 0 j
76-0
63-8
80-0
320
62-3
85 "0
40‘0
69-8
82 "f
86"(
29-0 34-0
53-8 1 58-3
Average
84‘(
230
58-3
94-C
350
68-9
87-0
■
93-2
64-3
77-7
91-0
72-7
95-0
70 H
850
93-0
0‘3"O
82-9
94‘0
93-0
97’C 104’C
54’0 65 C
70-0 80-2
97*0
640
80-5
46-0
58-0
78-0
1
42-6! 6t"0
69-61 70-3
:
was very
Yd. for spots and
During the subsequent
limited, and prices gave way
near futures and 1-ltid. for new crops.
The
report giving 1 per cent increased average, and 6 per
cent worse condition, was disregarded and had no influence.
Large crop estimates were predominant, Manchester was inac¬
tive, and lower prices were expected. The decline, however,
brought out buyers, and only a moderately-increased inquiry
between the 20th and 23d ult. led to a recovery of nearly the
whole of the previous decline. Thence to the 27th there was a
pause in the demand ; spots were not quotably lower, but futures
lost l-16d. There were apprehensions of heavy tenders against
July deliveries, and it was thought that these might develope
some weakness in prices.
But, although the tenders were con¬
siderable (25,000 to 30,000 bales), the remarkable way in which
the cotton disappeared re-inspired confidence, and between the
1st and 5th inst. the market became strong and buoyant.
Moreover, faith in the future was strengthened by an import¬
ant rise in the value of silver, and the prospecLof a continued
improvement in this direction. The altered situation brought
Bureau
out orders in
Manchester, and led to an increased demand for
the raw material to cover contracts. The result was a large
business in both spx>ts and futures, and an advance between the
1st and 5th inst. of x/sd. to 3-16d. on the spot, 7-32d. in near
futures and 5-32d. in new crops. Since the 5th inst. the
demand has fallen to more moderate dimensions, the market
has assumed a decidedly subdued tone, and prices have given
l-16d. on the spot and l-16d. to 3-32d. for futures, with a
tendency at the close still in favor of buyers.
The following is an account of the principal fluctuations in
the prices of middling upland on the spot and for forward
delivery during the past month :
way
June- July- Aug.- Sept.Spot. July. Aug. Sept. Oct.
10
20
23
27
5
8
Jane
44
July
1
80-0
23 0
days the business
77-0
820 i 81-0 890
470 46-01 6LQ
68" L 71-4 77-5
47-0
ten
44
77-0
87-C
637
July 9, and give it below
MARKET, JUNE 10 TO JULY 8.
spot and l-32d. to l-16d. for futures.
96 0
59-0
720
460
61-2
July.—We have this week
for
Our last report was issued on the 11th ult. The market had
been firm for several days, and prices had gained l-16d. on the
ii
740
40 0
58-2
Circular
COURSE OF THE LIVERPOOL
-
Indianola.—
Lowest
Ellison & Co.’s
received Mr. Ellison’s circular dated
I
760
30-0
525
to rule
1,300 rolls, for which full
some
,
I
55-4! 53 0
78-7 1 77 9
last report, and the market continues
There have been Sales of
figures were paid, and at the close holders are quoting 9%c. for
1% lbs 10%c. for 2 lbs. and ll/^@11^4c. for standard quali¬
ties. Butts have not changed in price, but not so much desire
is shown to lay in stocks; and though a fair demand is reported,
few large lots are changing hands, and the orders are for small
parcels. Quotations are 2%@3c. for paper grades and 3^@
3/4c. for bagging qualities.
99 0
71-0
280
Highest
our
[vol. xxxin.
4
i
Jan.Feb.
SlflH
529;}2 578
578
6*4
6116
Ol16
G31C
6^3-2
6732 G5j6 6332
•
6532 61=64 61*4 578
513ie •5l3ie 513l6
61332 629G4 61364 0
53l32 53!32 53132
651b 638
633‘3 51=16 o29;i2 529.32 529;i2
6°32
6016
C°i6
a
Nor.- Dcc.Dec. Jan.
G316
0*16
6?16
Showing
Oct.Nov.
65is
618
6%
6
net advance of Yd.
on
51316 5^32 51316 5ijhs
578
51516 578
578
the spot, l-16d. for
near
futures and l-32d. for new crops. Compared with the rates
current a month since, the spot quotations of to-day (July 8)
show an advance of 1-1 Gd. in good ordinary uplands and Yd. in
all other grades and descriptions of American; 1-lGd. to Yd.
in Brazils ; Yd. in brown and xAd. in white Egyptian ; Yd. in
“
fine ” Gallini Egyptian ; and l-16d. in good fair Dhollera and
no change in other sorts of East Indian.
night the New York market was reported as
June, 1881 :
having opened dull at four points decline, but this morning the
Wilmington, iY. C.—Heavy thunder storms on the 2nd and telegrams report that the decline was recovered, and some
three to four points besides. Our market, therefore* opened
29th.
strongly, and a good business has been done at an advance of
Charleston, 8. C.—Unusually dry during the month.
Augusta, Ga.—Generally dry and warm weather prevailed. l-16d. on the spot, and a rise in futures of 3-32d. for near
position, l-16d. for September-October, and l-32d. for n«w
Savannah, Ga.—Vegetable crop damaged by drought.
Cedar Keys, Fla.—Fresh west wind prevailed with no violent crops.
July-August 6 13-32d., August-September 6 31-64d.,
storms. The wind exceeded 25 miles per hour during showers September-October G 3-16d., October-November 5 63-64d. and
November-December 5 15-16d.
on the 1st, 2nd, 9th and 15th.
Precipitation small.
Montgomery, Ala.— No rain fell from the 10th to 18th
COURSE OF THE MANCHESTER MARKET, JUNE 10 TO JULY 9.
inclusive. Some little complaint from planters. Heavy wind
market was closed from the 8th to the 13th ult., for the
The
and rain on 28th, but no damage to crops reported.
Whitweek holidays. It re-opened quietly and remained with¬
Neiv Orleans, La.—Thermometer the highest on record for
the month of June since 1838, when it reached 98 (Dr. J. Jones, out any important change until the close of the month —in
some instances yarns preceded Yd. and shirtings lYd., but the
authority.)
fall was recovered during the opening days of July, and the
Galveston, Texas.—The smallest rainfall for any month
final rates are in most cases a trifle higner than those of a
since opening of station—April, 1871.
Indianola, Texas.—A very dry and hot month. The rain¬ month since. The business for India and China has been rather
limited; but for other markets and for the home trade the
’
The
following remarks
accompany
Oomrawuttee, but
P. S.—Last
the month’s reports for
'
fall for the month was too small to measure.
of western Texas will be cut very short by the
The cereal crop
drought.
Corsicana, Texas.—Crops suffering terribly for want of rain.
Census Figures of Cotton Consumption.—In our editorial
columns will be found Mr. Atkinson’s revised figures of cotton
consumption, which constitute his final report
as
sales have reached
fair
aggregate. Producers are well under
all fully employed, except those in
the fine spinning department, which continues exceptionally
inactive. Subjoined is an account of the exports of yarns and
goods during the first six months of this year and last :
a
control, and the mills
prepared for
are
of
New Cotton
for
Bremen.—A bale of
new
cotton
weighing 420 pounds, which was received Monday evening,
(July 11) from De Witt County, was sold on Tuesday, July 12,
to Mr. J. 0. Aymer, for $175, and shipped to Bremen.
Jute Butts, Bagging, &c.—There has been a fair demand for
*
Total.
Lbs.
Lbs.
Lbs..
-
Yard 8.
A Bale
Yarn.
Piece Goods.
the Census Bureau.
1881.
1880
Increase..
425.420,000
375,210,000
122,881,000
93,914,000
469,124,000
278,1.48,300
50,210.000
28,967,000
7S,177,000
We have assumed that
are
equal to
548,301,000
2,330.815,800
2,061,667,500
one
pound of
on
5Y yards of piece goods
The total excess is 79,177,000
average
yarn.
.
July 23,
THE CHRONLOLE.
1881.J
lbs., or 6,770 bales per week
the goods shipped this year
are (on average) lighter than those slipped last year, and
that there are, in consequence, more yards to the pound. If
the exports this year average 6 yards to the pound, against 536
lbs
equal to 176,000 bales of 450
weeks. It is possible that
October..
Novemb’r
Decemb’r
January
February.
.
The deliveries to English and Continental spinners "during the
first nine months of the season compare as follows with the
March...
April....
corresponding period of last season:
Great Britain.
1880-81.
s
1880.
Sept’mb’r
vards last year, the excess, instead of 79,000,000 lbs., would be
about 54,000,000 lbs., equal to 120,000 bales of 450 lbs., or 4,610
per week.
MOVEMENTS DURING THE SEASON, OCTOBER 1 TO JUNE 30.
figures for the
Tear
Monthly
Receipts.
for 26
May
June
Continent.
1379-80.
2,297,830
2,425.190
2,323,150
449
432
,450
Tot.wgbt(ibs) 1,091,335,000 1,031,725,G70 1,003,000,800
Bales of 400
2,723.000
2.579.000
2,509,000
lbs
424
458,478
968,318
1,006,501
1,020,802
571,701
572,723
476,532
284,246
190,054
131,871
2,259,000
we
nine months of 2,676,000 against 2,498,000 for Great
1881.
Britain,
and 2,169,000 against 2,033,000 for the C ontinent.
On the basis of the foregoing estimates, the movements for
the nine months of this season and last compare as follows, in
bales of the uniform weight of 400 lbs.:
;
Continent.
1880-81.
1879-80.
27,000
27,000
137,000
94,000
2,728,000 2,579,090 2.5U9,000 2,259,000
Deliveries to Juue 30
2,755,000 2,606,000 2,646,000 2,353,000'
Supply....
Consumption, nine months... 2,676,000 2,498,000 2,169,000 2,033,000
79,000
108,000
477,000
320,000
The net excess in the
surplus stock at the mills for the whole
of Europe is 128,000 bales of 400 lbs. (or about 114,000 bales of
450 lbs.), assuming the rate of consumption to be no larger than
the estimate.
In bales of 450 lbs., the estimated
weekly consumption is
61,300 bales for Great Britain and about 50,000 for the Con¬
44
4....
“
5....
44
6....
“
7....
Last year, at the end of June, 57,000 bales were deducted
from the stock of American in Liverpool tor cotton forwarded
and not previously returned. This year, one firm who last year
returned 32,000 bales out of the above 57,000, have made
weekly, and in some cases the firms who sent in the
remaining 25,000 bales have also given periodical returns; but
it is well known that a large quantity of cotton forwarded by
importers to spinners direct has not been reported to the Cotton
Brokers' Association, and there are good reasons for believing
that the usual annual stock-taking, which takes place at the
end of September, will disclose a considerable deficit, compared
with the published estimate. Last year the deficit (leaving out
the 32,000 bales before mentioned, and against which corre¬
sponding returns have already been made this year), was 95,000
bales—25,000 at the end of June and 70,000 at the close of Sep¬
tember; in 1879 it was 62,000 bales, and in 1878, 73,000 bales.
The greater part of any deficit shown on stock-taking will
have to be added to consumption; and it is possible that the
weekly rate may be increased to 70,000 bales of 400 lbs., or over
62,000 bales of 450 lbs., which figure is really indicated by the
returns
weight of goods and
yarn
exported.
8....
41
10....
44
11
an
1880.
566,824
303,955
167,459
84,299
29,472
472,054
340,525
197,965
96,314
42,142
779,237
exact
236,868
675,260
901,392
787,769
500,680
449,636
182,937
100,194
68,939
36,030
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,234
receipts since that time,
comparison of the movement
1879.
13....
14....
44
15....
44
16....
44
17....
44
18....
44
44
2,624
1,530
1,764
2,068
4,563
2,232
1878.
1877.
^
3,222
2,761<
1,874
3,045
3,401
3,469
2,187
20....
21....
22....
761
848
5n
1.039
414
1,163
367
2,067
810
914
961
849
1,184
1,112
983
8.
334
930
563
1,013
815
322
796
798
287
674
634
694
399
1,034
479
1,485
346
726
629
75S
1,282
S.
409
S.
8.
733
206
834
255
563
364
2,502
2,467
3,717
2,512
1,531
1.490
2,397
S.
8.
1,128
8.
978
S.
158
793
572
1,468
1,382
613
839
1,247
330
633
415
1,094
477
996
567
239
1,338
1,406
3,009
4,188
452
,
2,632
8.
542
8.
521
772
S.
874
5,741,407 4,876,721 4,431,824 4,253,582 3,953,773 4,078,057
Percentage of total
port reo'nts July 22
97-50
99 65
97-88
97 91
97-30
This statement shows that the
receipts since Sept. 1 up to
to-night are now S64,636 bales more than they were to the same
day of the month in 1880 and 1,309,583 bales more than they were
to the same day of the month in 1879. We add to the table
the percentages of total port receipts which had been received to
July 22 in each of the years named.
India Cotton Movement from all Ports.—The figures which
are now collected for us, and forwarded
by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to July 21.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR
PROSPECTS.
Under this head we cannot add anything new to our remarks
of a month since.
The broad facts of the situation are
1876.
629
8.
S.
8.
19....
Total
S.
8.
12...
44
1,763
2,855
4,003
3,880
3,961
3,036
2,731
...
44
41
.
9....
“
44
tinent.
increased
893,664
618,727
98,491
578,533
822,493
900,119
689,610
689,264
1875.
1’ot.Jn. 30 5,681,281 4,937,328 4,421,749 4,238,246
3,939,755 4,056,109
3,402
343
1,904
948
8.
1,073
“
2....
2,701
271
2,902
970
8.
1,541
"
3....
S.
1,521
1,548
2
1,176
1,864
“
Surplus stock June 30...
288,848
1876.
July 1....
“
Surplus stock, Oct. 1
1877.
for the different years.
against 327,000 bales last year for Great Britain, and 280,000
against 260,000 for the Continent.. These items, added to
the figures given in the previous report, make a total for
1879-80.
333,643
888,492
942,272
956,464
647,140
447,918
261,913
158,025
110,003
88,455
shall be able to reach
bales
1880-81.
1878.
This statement shows that up to June 30 the
receipts at the
ports this year were 843,953 bales more than in 1879-80 and
1,259,532 bales more than at the same time in 1878-79. By
adding
to the above totals to June 30 the daily
903,857,760
The rate of consumption (in bales of 400 lbs.) we estimate at
69,000 per week for Great Britain and 56,000 for the Continent,
against 65,500 and 52,000 respectively last year; or, for the five
weeks comprised in the past month, 345,000 bales this year,
Great Britain.
1879.
Beginning September 1.
Total year 5,681,281 4,S37,328 4,421,749 4,233,246
3,939,755 4,056,109
1879-30.
;
Pero’tage of tot. port
96-71
receipts June 30..
99 12
97-52
97-56
96-73
2,131,740
1880-81.
No. of bales..
Av.wtflit (lbs)
107
Year
Shipments this week.
Shipments since Jan. 1.
Great
BriVn.
Great
Conti¬
nent
Total.
Britain
Conti¬
nent.
Total.
YEARS.
Receipts.
This
Week.
Since
Jan. 1.
unchanged. The exceptionally large proportion of the Ameri¬ 1881 6,000
6,000 258,000 501,000
759,000 8,000 1,107,000
can crop taken
by the Continent and by American spinners has 1880
15*000 15,000 344.000 462,000 806,000 7.000 1,030,000
cut down the shipments to Great Britain to so comparatively 1879 3,000 4,000 7,000 237.000 305,000
542,000 5,000
759,000
limited a compass, thac the present visible supply for the United 1878 6,000 3,000 9,000 284,000 377,000 661,000 4,00o 837,000
Kingdom is only about the same as it was at this time last year,
According to the foregoing, Bombay appears to show an
while the rate of consumption, present and prospective, is much increase
compared with last year in the week’s receipts of 1,000
larger, and the range of prices much lower. This explains the bales, and a decrease in shipments of 9,000 bales, and the
strength displayed by the market during the past fortnight, in shipments since January 1 show a decrease of 47,000 bales.
the course of which prices have gained 3-16d. per lb. The The movement at
Calcutta, Madras, Tuticorin, Carwar, &c., for
advance which has taken place will bring more cotton to the same week and
years has been as follows.
Liverpool, and bring it quicker than would otherwise have been
CALCUTTA. MADRAS. TUTICORIN. CARWAR. RANGOON AND KURRACHEE.
the case; but the prevalent opinion here is that a further rise
will be witnessed before the close of
everything will depend
so
far,
are
on
favorable for
a
the
season.
the prospects for the new crop, which,
large yield.
Comparative Port Receipts
and
Daily
Crop
Shipments this week.
Afterwards
Movement.—
Year.
Great
Britain.
Conti¬
nent.
1881
3,000
2,000
1880
1,000
1,000
Total.
5,000
2,000
15,000
1,000
Shipments since January 1.
Great
Conti¬
Bmtain.
nent.
151,000
63,000
191,000
76,000
Total.
214,000
267,000
comparison of the port movement by weeks is not accurate, 1879
10,000
5,000
178,000
109,000
287,000
1878
1.000
as the weeks in different
72,000
51,000
123,000
years do not end on the same day of the
month. We have consequently added to our other standing
The above totals for this week show that the movement from
tables a daily and monthly statement, that the reader may the ports other than Bombay is 3,000 bales more than for the
same week last year.
For the whole of India, therefore, the total
constantly have before him the data for seeing the exact relative
shipments this week and since January 1,1881, and for the cor¬
movement for the years named. The movement each month
responding weeks and periods of the two previous years, are M
since September 1 has been as follows:
follows.
A
THE CHRONICLE.
108
Total
EXPORTS TO EUROPE PROM ALL INDIA.
alt Europe
Bombay
§% 00
AH other p’rts.
Since
Jan. 1.
This
Since
Jan. 1.
This
week.
from—
week.
759,000
214,000
Baltimore—To Liverpool, per steamers Caspian,
1879.
1880.
1881.
ipmei
to
fVoL. XXX1IL
15.000
806.000
7,000
2,000
267,000
15,000
542,000
287,000
To Bremen, per steamer
Boston—To Liverpool, per
pus, 2,364
Istrian,
11,000
17,000 1,073,000
973,000
of the
three
This last statement affords a very interesting comparison
total movement for the week ending July 21, and for the
to date, at all India ports.
Alexandria Receipts and Shipments.—Through arrangements
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the coi responding week
years np
of the previous two years.
Alexandria, Egypt,
July 21.
Receipts (cantars*)—
1879.
1880.
1881.
3,204,000
2,509
Liverpool,
per
ship James Nesmith, 92 ’
92:
Total....
The
form,
30,301
....
particulars of these shipments, arranged in
are as
follows:
New York
New Orleans
Mobile
Texas
Baltimore
Boston
4,870
Philadelphia
2,500
our
Mar- Bremen <6 Barcestilles. Hamburg. Iona.
120
2,600
3,200
205
Liverpool.
3,300
3,534
1,432
2,269
5,829
'
usual
Total.
10,799
3,505
3,534
1.432
350
2,619
5,829
2,509
92
92
San Francisco
2,767,000
5,829>
(foreign)
Cotton freights the past
3,155
120
23,826
Total
,
1,000
2,771,500
This week....
Since Sept. 1
Mil¬
Massachusetts, 22o
693
Indiana, 1,000
829,000
22,000
steamers Bulgarian, 1,897—Cano¬
226
8an Francisco—Tc
Total
2,269
359
Samaria, 424
— ...
Philadelphia—To Liverpool, per steamers British King, 1,500
anese,
bales►
En¬
RoB8more, 737
Strassburg, 350
rique, 1,137
Since
Jan. 1.
This
week.
395
30,301
3,200
week have been as follows:
.
This
Since
week. Sept.
wpek. Sept. 1.
1.
Since
To Continent
Total Europe
2,500 245,500
1,766 154,074
1,500 291.280
1,142 175,470j
1,000 170,000
500 79,000
4,266 399,574
2,642
466,750*
1,500 249,000
receipts for the week ending
the shipments to all Europe
4,266 bales.
received from Manchester
Manchester Market.—Our report
to-night states that prices for both twists and shirtings are
unchanged, and that the market is quiet and firm. We give the
prices of to-day below, and leave previous weeks’ prices for
comparison: '
1881.
32s
Cop.
Twist.
May20
“
27
June 3
“
10
“
17
24
“
d.
d.
--
July 1
“
8
“
15
“
22
s.
85s7i> 9*2 6
858© 9** 6
9*2 6
S78® 912 6
878® 9*2 6
87e® 912 6
87e® 938 6
9 © 9»H 6
9i8@ 9% 6
9*8® 9% 6
814 lbs.
CotVn
Mid.
Shirtings.
Up o’s
5 *2® 7
5!2®7
63 ic
5*2®7
8*2
6310
5*2®7
812
63jg
5*2®7
8*2
9
9
9
0
0
0
6316
6°in
5 V®?
©8
©8
©8
32s
8.
*2 © 1 0 *4 6
9 *2 © 10 *4 6
9*2 ©10*4 6
9 *2 © 10 *4 6
9*2 ©10*4 6
9
© 934 6
9
® 934 6
6
9*4 ©10
6
9*4 © 10
938 @10*4 6
9
578
5*°16
6*i«
6° 16
6**10
d.
9
©7
d.
9
7*2®7
4*2®7
4*2@7
7 *2 ®7
6
6*316
6**16
6*8
6*316
6* 3ib
6%
6%
6
6*3j6
7*2 ©7
7*2
7*2
7*2®7
9
6*316
678
The Exports of Cotton from New York this week show
an
compared with last week, the total reaching 10,790
bales, against 6,319 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1880, and in the last column
the total for the same period of the previous year:!
increase,
as
Exports of Cotton (bales) from New York since Sept. 1.1880.
Week
Exported to—
Liverpool
June
29.
2,090
July
6.
1,144
2,090
1,144
Havre
Other French ports
565
500
Total French.
565
500
Bremen and Hanover
455
250
Hamburg
455
250
year;
20.
Sept. 1.
4,870 361,535 437,933
21,016 28,500
2,595
2,595
4,870 382,551 466,433
250
20
*120
35,985
1,609
36,517
120
37,594
36,517
900
41,282
21,217
39,319
37,521
19,055
25,698
2,600 101,818
82,274
1,700
270
•
3,200 110,224
All other
2,274
3,454
Total Spain, &c
Grand Total
previous
July
13.
3,454
Spain, Op’rto, Gibralt’r,&c
period
July
Other ports
Total to North. Europe
Total
since
Other British ports.
Total to Great Britain
Same
ending—
3,110
1,894
3,200
Hamburg, steam, d.
sail...rf.
Do
sail-.-d.
d.
Baltic, steam
Do
♦
sail
c.
12,498
7,048
3,406
10,454
6,319 10.790 534,461 595,678
Shipping) News.—The exports of cotton from the
States the past week, as per latest mail returns, have
Total bales.
Liverpool, per steamers Arizona, 3,009
Batavia, 4 41—City of Chester, 251
Erin, 1,169
To Marseilles, per steamer F. de Lessops, 120
To Bremen, per steamers Elbe. 500
Ohio, 400
To Hamburg, per steamers Cimbria, 700
Silesia, 1,000
To Barcelona, per steamers Djolibah, 3,000... .Vidal de Sala,
...
....
38® *2
....
....
*2
....
....
....
D16
*964
51G
***64
516
*?64
*2
....
....
516
•
•
•
®8® *2:
38® *a
...»
*2
.....
516
*9G4
"
*964
"
....
....
*2
*2
Liverpool.—By cable from Liverpool,
statement of the week’s sales, stocks, &c
we
,
516
*9fl*
have the
following
at that port:
July 15.
July 8.
July 1.
65,000
77,000
2,800
6,300
59,000
5,300
5,800
54,000
1,940
3,300
44,000
3,400
Sales of the week
bales.
Of which exporters took ....
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estiui’d
Total import of the week
Of which American
Amount afloat
Of which American
6,800
882,000
678,000
53,000
46,500
192,000
92,000
2,300
6,800
833,000
640,000
30,000
22,000
201,000
93,000
July 2251,000
3,500
3,200
49.500
37,500
3,000
5,400
826,000
635,000
50,000
3,500
6,100
801,000
613,000
31,000
lO'.OOO
40,500
172,000
196,000*
73,000
86,000
The tone of the Liverpool market for spots and futures oacli day of th«i
week ending July 22, and the daily closing prices of spot cotton, lia\e
been as follows:
,
Market,
12:30 f.m
Wednes.
Thursday.
Ft'iday.
Steady.
Firm.
Easier.
Quiet.
Dull.
69 iG
69ie
6916
65s
6^8
65s
65a
6**i«
6*8
6**16
8,000
10,000
10,000
1,000
.1,000
1,000
Dull
?
and
$
easier.
Mid. Upl’ds
Mid. Orl’ns
Market.
5 P. M.
Tuesday.
Saturday Monday.
Spot.
65g
6**is
?
$
12,000
1,000
6,000
Sales
500
Spec.dc exp.
T
7,000
1,000
‘
'
1
Futures.
Market,
5 P. M.
t
£
Dull.
Firm.
Dull.
Firm.
Weak.
)
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.
Sept.-Oct
d.
5*5i6
Delivery.
69iq I Nov.-Dee
658®1932 ! Jilly-Aug
d.
Delivery.
July-Aug.
Aug.-Sept
I
G*^®^
d.
63iQ
Nov.-Dee
52^32
6732 1 Aug.-Sept... 69i6®*732
8ept.-Oct
Monday.
July
July-Aug
Aug.-Sept..
Sept.-Oct
..
6®i6
69i§
6i932/®s8
6732'3>14
Ocfc.-Nov
6
July...
6*%
Nov.-Dee
53132
Dec.-Jan
5*5ie
July-Aug
Aug.-Sept
65»
6&U2
6
6
Aug.-Sept
8ept.-Oct
July
6H16*
6932
6®8
6^s
Nov.-Dee
53i32
62i32 July-Aug
62i32*
1
Tuesday.
July
July-Aug
Aug.-Sept
July
6*32
62132 Oct.-Nov
62132 Nov.-Dee
Jan.-Feb
62132
®**16®_ 32 July-Aug
6°ie
Wednesday.
6i932 Aug.-Sept
6i932 Oct.-Nov...
Jan.-Feb
658
6*4
6
53i32
-.62i32
July
Aug.-Sept ...61116®^32:
Sept.-Oct
6932
Nov.-Dee
5*Bie.
658
Thursday.
4,870
120
900
1,700
July
July-Aug
Aug.-Sept
Sept. Oct..
53i32
Nov.-Dee
Oct.-Nov
61*16
61*16
62332 July
63ig
6
62i32
July-Aug
Aug.-Sept
Sept.-Oct
62132r
6H16.
6932
Aug.-Sept
July-Aug
July-Aug
61*
6 s?
6
Friday.
To Bremen, per bark Senator Iken, 205
Mobile—To Liverpool, per ship Tonawanda, 3,534
3,200
3,300
205
3,534
July-Aug
Aug.-Sept
Texas—To Liverpool, per bark Landseer, 1,432
1,432
SepL Oct
....
38® *2
H.
Hew York—To
200
•
38® *2
Compressed.
United
reached Sept.-Oct
30,301 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
July
the Chronicle last Friday. With regard to New York, we July-Aug
include the manifests of all vessels cleared up to Wednesday Aug.-Sept
Sept.-Oct
night of this week:
Hew Orleans—To Liverpool, per steamer Marana, 3,300
....
•
....
....
....
Amst’d'm, steam.c.
Do
38® *2
•
38®*2
....
...
3g®*2
Mul.
7*2
7*2
712
7*2
7*2®7
i
c.
.
38® *2
3a® *u
Uplds
d.
b.
7*2®7
7*2®7
sail
•
....
....
38®*2
Cott'n
Shirtings.
d.
d.
1
8*4 lbs.
Cop.
Iwist.
d.
d.
8I2
8 *2
8*2
8*2
d.
e.
512 ©7
1880.
:
Do
Fri.
1
This statement shows that the
July 21 were 1,000 cantars and
38© *2
.c.
Thurs.
**64®^ **64® *4 **64® *4 **64® *4
532®732 632®732 &32 ®732 532 ®73£
*332*
*332*
*332*
*332*
**64® *4
532®732
*S32*
....
Bremen, steam,
A cantar is 98 lbs.
were
sail...d. e32®732
Havre, steam
c.
*332*
Do
sail
c.
Do
Wednes.
Tues.
Mon.
Sgtur.
Sept. 1.
Liverpool, steam d. **64® *4
Exports (bales)—
To Liverpool
*
This
week.
Since
This
July
65s
Oct.-Nov
Nov.-Dee
658©*932
62I32 July
July-Aug
0*4
.
6
5*5i6
62132
62i32
THE
1881.]
July 23,
BRE
1881.
ADSTUFFS.
Friday, P. M..
Flour.
hardening tendency for flour in the past
-week, and at times the demand was quite active. The improve¬
ment was most decided in low and medium grades from winter
comparatively scarce. The high grades did
improvement. The demand has been brisk
trade, but sales for export have been quite free.
wheat, which are
not share in the
home
The market closes quiet.
The wheat market was steadily advancing during the week,
down to about noon yesterday. The bad weather reported in
the Northwest had stimulated speculation, which resulted in
something of a “ corner” on contracts, both here and at Chicago.
Yesterday the sales of futures in this market approximated
three million bushels, and the highest prices of the day were
29% for No. 2 red on the spot, $1 30% for July, $1 29% for
August, $1 30% for September and $1 31% for October ; but
the close was at l@2c. under these figures. No. 2 Milwaukee
spring brought $1 23 and No. 1 white $1 27@$1 27% on the
spot. To-day the market was dull and unsettled, No. 2 red
winter closing at about $1 2S% for August, $1 29% for Sep¬
tember and $1 31% for October.
Indian corn has also been tending upward, with considerable
activity, not only in the regular trade but on speculation. Yes¬
terday the advance was checked, and prices slightly receded.
Crop accounts are generally very good for this staple. The
•acreage is reported 2 per cent greater than last year.
Theie
'was no important change to-day.
Rye has been dull and drooping. Shipping orders have been
•canceled. Barley remains entirely nominal. Samples of the
from the
I
1878.
2,942,228
3,679,671
3,138,941
27,726.395
29,630,330
70,283,283
23,459.632
43,595,161
9,057,632
1,584,293
1,656,361
84,353,101
1,072,862
1,063,227
30,651,231
45,784,814
11,734,783
2,032,535
1,635,902
105,140,286
115.812,704
91,839,265
55.352.918
18,457.462
2,030,649
Corn
Rail shipments from
weeks ended:
ider
13,200,563
1,630.301
Western lake and river ports for the
bbls.
Flour
bush.
Wheat
Corn
Oats
1880.
Week
Week
July 16.
July 17.
July 19.
July 20.
157,316
83,720
85,634
67,312
540,900
659,323
335,357
563,122
11,379
5,673
343,980
402,400
343,680
6,088
36,142
2.330,333
1,137.290
1,403,944
418,437
Barley
Rye
Total
1879
Week
1881.'
1878.
Week
406,857
308,257
11,332
417,210
65,270
7,154
25,101
1,451,029
1,347,944
shipments from same ports for last four weeks:
Rail and lake
Week
ending—
1879.
1880.
4,775,550
.bbls.
July 22, 1881.
been a
There has
109
CHRONICLE.
Flour,
July
16... 185,064
July
July
9... 143,982
2... 190.876
Corn,
bush.
bus/i.
bush.
bush.
3,685,561
564,267
1,035,338
1,365,064
1,402.680
2,069,949
Juue 25.-..230,02a
Barley,
Oats,
Wheat,
oois.
bush.
11,379
10,883
16,507
530,772
4,348,144
4,112.979
713,599
3,688,901 1,658,340
19,212
Rye,
bush.
5,673
6,548
13/»08
19,827
58,011 45,956
5,873,031 15,.835,585 3,467.478
57,598 1 41,766
5,591,234 16, 338,629 2,315,962
flour and grain at seaboard ports for the week
Tot., 4 wks.751,950
4 w’ks’80..437.649
Receipts of
AtNew York
Boston
Portland
Flour,
Wheat,
Corn,
Oats,
Barley,
bbls.
bush.
bush.
bush.
bush.
104.740
231,118
28,300
3,900
77,328
30,600
978,078 1,706,615
Philadelphia...
62,413
1,782
19,802
15,036
144,431
191,000
453,102
6,000
161,844
435,600
Baltimore
16,196
277,655
572,600
7,000
8,782
34,152
292,292
24,295
Total week... 228,756 1 ,703.976 3.633,053
402,541
Montreal
New Orleans...
78,660
1,000
Rye,
bush.
3,564
900
600
1,000
1,600
5,464
have been shown on ’Change. Reports to the trade Cor. week’80.. 187,856 3,470,190 4,165,338 302,565 1,000 15,128
here speak very confidently of the excellent crop prospects.
Total receipts at same ports from Dec. 27 to July 16, inclu¬
Oats were buoyant early in the week, under speculative sive, for four years:
1881.
1880.
1879.
1878.
manipulation, prices advancing on the spot l%@2c. per bushel; Flour
bbls.
4,885,713
5,315,360
4,495,151
7,110,588
but the improvement in futures was not so great. Crop pros¬
47,769,800
38,006,266
48,611,754
bush. 46,139,158
Wheat.
64,066,528
66,868,151
84,321.184
60,489,600
pects are said to be generally very fair. To-day the market Com
10,933,061
11,451,295
13,010,965
Oats
14,754,230
was firm. No. 2 graded 44%c. for mixed and 45c. for white, and
2,402,332
1,713,057
1,586,817
2,023,533
Barley
822,418
2,110,812
2,505,300
No. 2 graded 39c. for August and 37%e. for September.
Rye
889,488
new
crop
The following are
closing quotations:
Wheat-
1)1)1. $3 20® 3 70
No. 2 spring...$
No. 2 winter
Winter superfine
3 GO'S) 4 10
4 50® 4 SO
Spring superfine
Spring wheat extras..
do XX and XXX...
Wis. & Minn, rye mix.
Winter shipp’g extras.
4 30® 4 60
4 85® 5 25
5 40® G 75
5 75® 6 00
5 00® 5 50
do XX andXXX...
Patents
5 65® 7 25
6 00® 8 00
€ity shipping extras.
Southern, bakers’ and
family brands
South’n ship’g extras.
Rye flour, superfine..
6 25® 6 50
Western, &c
Brandywine,
1 20
Western yellow..
Western white...
South, yellow
South, white
State, 4-rowed...
State, 2-rowed...
Peas—Can’da.b.&f.
White
'
At—
50,086
Milwaukee.....
71.290
bush.
(60 lbs.)
(56 lbs.)
323.962 2,376,636
240,365
21,400
57
57^4
59
50
57
®
59
58
®
62
87
®
91
43^4®
48*6
42
45*2
®
®
.....
®....
Weekly.”)
Receipts of flour and grain at Western lake
for the week ending July 16, 1881:
Wheat,
Corn,
Flour,
28%
27*2
56*2®
Barley—Canada W.
(From the “New York Produce Exchange
Chicago
1 28k®l
115 ®1
50 ®
56 ®
56 ®
West. No. 2
3 00® 3 30
3 40® 3 50
bush.
1 15
Red winter
Red winter, No. 2
White
Corn—West, mixed.
Rye
Oats—Mixed
bbls.
(196 lbs.)
®1 24
® 1 23
® 1 32
$1 08
Spring
Spring, No. 2
6 25® 7 50
5 40® 6 00
5 00® 5 55
Corn meal—
and river p >rfcs
Oats,
Barley,
bush.
bush.
(32 lbs.) (48 lbs.)
Rye,
bush.
(56 lbs.)
512,180
2,554
5,317
26,250
6,305
3,660
5,544
1,315
130,779
149,075
Detroit
Cleveland
8t. Louis
Peoria
Duluth
7,522
44,800
5,000
3,697
104.475
382,765
7,750
210,300
394,325
44.752
2,203
1,947
68,200
3,500
4,525
150,123 1,135,421 3,259,908
679,708
Total
....
2,917,957
*ame time’80. 103,164 2,281,240
Total receipts at same ports
sive, for four years:
511,617
14,562 15.449
11,635 45,703
from Dec. 27 to July 16, inclu¬
1878.
1881
1880
Flour..
bbls.
4,802,816
3,113,663
3,493,5i.5
3,080,139
Wheat
Com
Oats..
bush.
26,513,762
64,185,779
24,561,618
3,953,652
879,399
27,494,985
84,008,071
16,660,338
2,549,859
1,189,042
34,809,872
51,314,261
15,479,462
2,412,809
32,136,410
50,310,809
13,971,358
2,891,252
1,997,369
120,097,210
131,902,295
Barley
Rye
Totalgrain
....
1,693,696
105,710,100 101,307,199
Comparative receipts (crop movement) at same ports from
August 1 to July 16, inclusive for four years:
Flour
Wheat
bbls.
1880-81*
1879-80.
8,476,946
6,333,414
1878-79/
1877-78.
6,228,071
5,852,883
75,621,652
85,400,425
26,382,915
9,370,112
3,974,186
200,749,290
45,694,123
11,841,474
85,790,988
124,698,601
30,083.593
10,412,603
3,331,205
4,011,718
90,908,633
91,384,656
31,439,274
9,554,555
4,650,039
Total grain.... 265,550,094
254,997,503
227.937,162
bush.
1*:
£ats
garley
Rye...
79,710,605
124,972,687
Comparative shipments of fiour and grain from the same
July 16, inclusive, for four years:
pons from Dec. 27 to
bsuh.
bbls.
Corn,
Oats,
Rye,
bush.
bush.
bush.
3,178
Peas,
bush.
3,253
679,684
74,704
1,291,522
413,297
19,605
22,695
Montreal
6,36 4
166,746
251,009
17,517
Philadelphia..
6,038
226,905
Baltimore
New Orleans..
7,519
599,065
47,553
1,500
113
193,420
374,206
274,786
Total for w’k 117,926
Same time ’80. 109,637
1,794,657
2,798,240
39,125
3,178
62,811
3,296,965
2,960,552 180,770
8,100
15,316
75,197
500
Portland
The visible supply of grain,
at the principal points of
ports,
59,558
......
3
.......
comprising the stocks in granary
accumulation at lake and seaboard
and in transit by rail and water, July 16, 1881, was as
follows:
In store at—
New York
Do. afloat (est.)
bush.
3,074,539
300,000
6,500
237,001
4,064,186
Albany
Buffalo
Chicago
1,435,804
Milwaukee
Duluth.
Corn,
bush.
Oats,
bush.
2,281,343 1,591,689
777,000
138,000
29,000
-31,200
620,629 536,468
1,425,400 3,767,666
3,66’
9,707
5,000
8t. Louis
Boston
Toronto
504,000
257,613
229,922
55,000
300,045
12,768
165,434
Montreal
189,752
162,789
62,469
Philadelphia
349,833
247,306
90,551
107,700
72,364
207,820
Detroit
1879.
Wheat,
Flour,
From—
New York
Boston
Toledo
6,632
16,150
,
..
....
Wheat,
Toledo
1,891
16,532
1,487
124,206,059 148,353,138 129,913,215 117,913,487
Exports from United States seaboard ports and from Montreal
for week ending July 16, 1881:
Total grain
Grain.
Flour.
•
Oswego
5,065
Peoria
124,700
Indianapolis
Kausas City
44,395
576,272
Baltimore
Down Mississippi.
On rail
On lake
Canal
48,108
830,694
906,330
1,105,232
June 18. ’81
July 17, ’80
5,505
75,000
Rye,
bush.
7,533
50,703
bush.
......
14,000
31,899
23,158
82,983
11,664
i',7 68
13,979
5
482,771
20,320
424,399
107,924
11,570
73,951
2.218
1,900
17,712
691
100
606
1,547
14,300
7,906
864,432
35,936
526,237
145,830
5,000
11,379
8,473
15,979,164 7,317.764
15,528,581 7,465,147
14,511,347 3,332,493
13,533,128 7,004,107
16,441,330 11,783,877 6,644,299
10,924,075 15,477,913 1,993,303
154.958
171.611
127.443
114,077
128.664
136,071
162,627
181,974
180,656
133,674
July 16.1681 14,823,393
July 9, ’81
15,619,976
2, ’81
July
15,970,746
June 25, ’81
16,730,483
Tot.
274,309
Barley,
THE
DRY
2,974,588
3,588,681
1,424,755
196,974
248,037
GOODS TRADE.
Friday, P. M., July
22, 1881.
dry goods market has exhibited a fair degree of anima¬
past week, owing to the presence of a great many
buyers from distributing points in the West, Southwest and
The
tion the
of new
and in making memoranda as a basis for future opera¬
Increased activity was noticed in printed calicoes (some*
South, who were busily
fall goods,
tions.
employed in the examination
THE CHRONICLE.
110
ivol. xxxm.
Receipts of Leadin'; Articles of Domestic Produce.
made to out-of-town jobbers), and
The following table, based upon daily reports made to the
there was a stead/ though moderate demand for staple cotton
New York Produce Exchange, shows the receipts of leading
and woolen goods, shirts and drawers, felt skirts, hosier/,
articles of domestic produce in New York for the week ending
notions, &c., by package bu/ers. Despite the acknowledged
with Tuesday last (corresponding with the week for exports),
scarcity of man/ kinds of goods, and the firmness of prices,
also the receipts from Jan. 1, 1881, to that day, and for the
there has been no tendency toward speculation, and purchases
thus far have been of a strictly legitimate character, which corresponding period in 1880 :
augurs well for a good healthy autumn trade.
Same time
Since Jan. 1,
Week ending
last year.
1831.
July
19.
Domestic Cotton Goods.—The exports of cotton goods during
the week ending July 19 were 2,229 packages, of which 642 were Ashes
98
1,993
2,419
...bbls.
44,374
1,290
Beans
28,464
shipped to Great Britain, 594 to China, 413 to Argentine Re¬ Breadstuff's—
3.064,231
...bbls.
110,393
2,340,495
Flour, wheat
public, 274 to Brazil, 135 to United States of Colombia and the
112,434
5,769
69,888
Corn meal
remainder, in smaller lots, to other markets. There was a liberal
22,269,339
25,857,073
1,125,012
Wheat
547,725
551,647
4,214
Rye
movement in plain and colored cottons, in execution of former
1,932,593
23,726,145
..bush.
30,699,305
Corn
orders, and agents experienced a steady demand for fine brown
3 47,568
8,151,691
.bush.
7.264,520
Oats
2,732,960
44,500
2,476,471
cottons, drills, medium bleached goods, wide sheetings, cotton
Barley
4,240
162,499
.bush.
304,407
Peas
flannels, colored cottons, grain bags, &c., which were distributed
472,331
6,133
511,398
Cotton
in modeiate parcels to a fair aggregate amount. Prices ruled
822
15,241
30,172
...bbls.
Cotton seed oil
large sales of which were
'
•
.
.
and stocks are remark¬
ably well in hand. Print cloths were quiet and a trifle easier
at 3 15-16c., less 1 per cent, for 64x64s and 3%@3/£c. for 53x60s.
Dark prints were largely dealt in, but the demand was some¬
what irregular, and there was more call for ginghams and
cotton dress goods, resulting in a moderate business.
Domestic Woolen Goods.—The demand for clothing woolens
at first hands has been rather quiet, and mostly restricted to
such duplicate lots of cassimeres, worsted coatings and over¬
coatings as are required by clothiers for keeping up assort¬
ments. There was a continued good movement in the above
fabrics on account of back orders, and the best makes are in
such light supply that prices are steadily maintained. Beavers
and cloakings were in fair request by cloak manufacturers and
the trade, and there was a steady business in repellents. Ken¬
tucky jeans ruled quiet with agents, but a fair distribution was
made by jobbers at steady prices. For flannels and blankets
the current demand was only moderate, but agents continued to
make large deliveries on account of back orders, and prices
remain firm. Worsted dress goods continued quiet -as new fall
styles have only been opened in exceptional cases—and shawls
were pull for the same reason; but there was a more active busi¬
ness in felt skirts, and linseys were in somewhat better request.
Shirts and drawers were moderately active, and there was a fair
movement in hosiery and fancy knit woolens. Carpets were
more sought for, and prices are "steadily maintained by agents.
Foreign Dry Goods have attracted rather more attention, but
transactions were comparatively light. Silks and dress goods
were ^mostly quiet, and there was only a limited business in
linens and white goods; but cotton velvets were more active, and
there was a slightly improved demand for Hamburg em¬
broideries by early buyers.
firm
on
all the most desirable fabrics,
;
Flax seed
Grass seed
Hides
Total Ent’d
at
the
port.
1
7,95
for
Total
cousmpt.
j>K>
ft**-*
c©
-too
tc
(-1-*
m
O’M
19,085 103,2
72.019,86! 5,47312 6,5497
■©
S
^1*0 S
O’ m
Oi to O’m
CO O’ W p- ©
to *0 3i © ©
M
WX
CO
-3
to*MW
to
V
32,7 1 29,5 8 169,4 7 163,1 9 486. 49
4,981 1,068
to
©O’
-1 to
>—•
M©
w-1
© co
CD
©X
©
CO
M *—
M
©
©
© ©
iooobbb
to
o M
O’
TO©
M
O’©
05
O’M
-3
O’ M
CP i—1
O’
© CP ©
oi © m oi O’
W
W|OOi
to^Tco bb
Leather
Lead
Molasses
Molasses
Naval Stores—
CO CP lO©
to
©© ©-> oi
M M © M —J
On— © © ©
oo © M w w
com to to
ot -3 © ©
-1 CO •— to O’
M
©
©O
oi
<|M
©
Oi M to M to
to © W © X
©
to
^
X W
WO — —1 M
OQCCli'IOl
W O’ © M *—
©
©35 O’ M tO
X
O’
© -1 X W X
© X © M X
MM
to
3.
©to
XX
O’
MM
lO
M
©
302
10 CP W m ©
1 M W ©X
M — M •— X
Turpentine,
Rosm
Tar
$
M
M
2,1 40 1,7209640,40
279,67 17,843 108,24 76,107 1 ,956 3,967 7,324 8,7 0
W ©©
W CO tO 35 CO
to 00 35-1©
©MXOX
-1 m © © X
i-i
Oil cake
—3
O tO © M M
M M © w ©
M
© © © w to
W WOIXM
to
WtOMto4^
Cheese
Egffs
Lard
Lard
M
M
MM
©
Mm x
tO*M
X
tv -3 ©
M
©X
M O’ O’ © X
,1
to
—3
tow
X©0’M
to
© M m CP ©
©O’
a © or x ot
©
-JXO’O’W-sfc
M
©M
bi © © © ©
©
to
©w
©M -3 t O —
O©
-3 tO © X
4-
©
©
© M M -l <1
O’w wot to
© M © M tO
c
MM
-J w
©M
M
<3
to
M©
r-
4^4 tO MtO
W CP W © ©
X©
M tO
©©
M-3
JO
.© M
©
O’©
4*
M
W©
WO’ -3 10 ©
w
x-i©io©
b
•o
©
-.1
a
©
47,05 8 12,5706
O’ MX M
MM
<3 M
M
W tO tO
m © 10
o W W oi
M
M © M tO X
©
M © M —3 —3
CP
©
0:©O ©m^
M © W X tO
©X
O’ ©
[JlfkWOH
00
©X
Wm ©©M
© M O’ © W
M <3 © © X
©*35
CO
©to
b» © ©
to-TO to X
X*—
O’ ©'
© -3
©O CP w©
©
©
4-
X
W I— © M to
O’
© M© tO CP
-3 — W CP ©
CO ©
--3 TO O’ CO CO
to © 35 © M
©
7,378
1,114
15,484
74,609
21,020
620,666
..pkgs.
44,162
180,819
11,598
9,812
9,468
tcs. & bbls.
.
Spelter
.slabs.
5,385
..pkgs.
..bbls.
150
111
239
..pkgs.
boxes & cases.
1,243
3,511
..blids.
3,278
Stearine
Sugar
Sugar
Tallow
5,383
8,391
Whiskey
Wool
Exports of Leading
•
£
rv
CQ
Co
.
35,419
37,153
70,567
12,845
8,013
14,134
31,048
74,467
48,641
135,255
65,618
19.
Since Jan. 1,
1881.
46,429
56,078
....bbls.
69,174
2,761,672
2,120,705
bble.
bbls.
...bush.
145
ZfJJ iO
Corn meal
...bush.
...bush.
Oats
..
5,932
541,631
» •
•
r
•
-
19,000
.bush.
2,740
1,273,018
957
O ooq
2,4SC
117,932
95,830
31,351,071
23,239,010
675,847
290,142
15,147
165,907
18,016,566
36,591
262,656
129
5,001
101,818
6,936
bbls.
bbls.
Spirits turpentine.
....bbls.
Rosin
Pitch
Oil cake
Oils—
Whale
Pork
Beef
Beef
&:
Cutmeats
3
Butter
rt
Cheese
Lard
a
M
QC
M
•
....gals.
Provisions—
58,163
70,644
2,029
2,524
203
140
2,824
12,821
137,109
4,249
3,508
4.1,428
1,496,339
3,333,136
206,383
6,325
150,248
106,603
233,378
69,907
489,015
53,799
920
20.965
9,326,349
170,154,268
128,624,226
....bbls.
3,338
bbls.
.tierces.
969
120,218
23,988
29,946
248,066,553
138,552
35,287
oO,892
lbs.
lbs.
1,307
730,634
6,447,807
3,464,751
Tallow
and cases.
Tobacco.manufactured. lbs.
...
35,774
27,066
361,892
6
5,723.957
Tobacco, leaf
Tobacco
bales
207,046
25,405,756
....gals.
—gals.
gals.
Rice
Whalebone
1,044
951,908
105,341
...
...
Lard
Linseed
Petroleum
1
132
Flour, rye
Sperm
Same time
last year.
154
49,969
18,414
M-C
187,822
45,306
1,048
2,480
6
$1
64,392
87,904
43,781
100
5
200
2,229
QC§
QC?
91
8,143
bbls.
bbls.
lbs.
...bales.
M
38,747
30,242
12,149
The following table, based upon Custom House returns, shows
exports from New York of all leading articles of dom^tic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1831, to that day, and for the cor¬
responding period in 1880 :
Hay
co
40,674
the
&
00
00
387,424
95,258
Articles of Domestic Produce.
7,485
V
£
161,712
...pkgs.
tw
•>*
382,759
...bales.
*
a’
1,022,482
358,302
308,756
722
..pkgs.
Tobacco
Tobacco
789.547
1,395,362
No.
Hogs, dressed
Rice~ /
54,617
•
94,395
20,890
988,324
729,699
Domestics
M
M
-3
4-
O’ CD qo to to
..pkgs.
181
I
s
©
to_to toco
oi*w*©moi
76,436
Tar
©
M
1,921
32,352
298,360
78.122
1
©
..bush.
...pkgs.
o
CP
©
3,951
..bbls.
Naval Stores—
Crude turpentine.
?
tO CP W O’
—
4,973
MMM
XCP©tO©
io © ©
365,039
Provisions —
Pork
Beef
Cutmeatj...
Butter
2,271
49,253
205,203
308
..galls.
Peanuts
545
7,243
.pkgs.
.
...bbls.
Oil, lard
Oil, whale.
10.69‘i
11,631
1,328
391,591
401
...bbls.
Pitch
Candles
MX© —M
M
-1M
2,946
1,128
40,236
147,794
14,018
2,432
Coal
Cotton
O'.
-
M X
1,103
bbls.
spirits. ...bbls.
..
Peas
Corn
© <3 © m ©
O’ W M M M£ft
M
W
MM M M
M to W X ©
-3X0 tO O
25
Turpentine, crude. ...bbls.
Earley
O’M-3
to © M
!—
42,023
1,490
...bbls.
Rye
—
oi
m
©
a*
C'lMClM*
Mtototow
©
M tO
to ©
m
3,138
49,217
-
.blids.
.
Wheat
■H
M
MtOWHOO
W ^3 to O’ X
00
Co
MMC5M©
4- © M O’ W
©O’ OXM
<3 W
W©
©
co
©© W MtO
O
>—*
©
to © X X W
M
©
© W-J M tO
71,655
2,275,813
107,261
66,816
7,378
...pigs.
Breadstuffs—
Flour, wheat
r**
M X © CP M
w
to
to
tMCP
1,508,064
229
450
Beeswax
Is
M —
©-3X©
©©M
*—
O’ X M © <3
©
66,235
88,173
31,174
1,974
Hops
Ashes, pots
Ashes, pearls
to
©
11,566
52,750
90,505
23,867
46,433
July
5*
M W m to ©
o© ©,~ ©
to 05 O’ © M
401,687
102
Week ending
;*. of—
-3
M
L*
Total
M
m
to 00
i°
00
©
-J
or
PS
i
©
1
Flax Bilk Cot n Wool
Miscelanou Manufctres market. consumpt. Miscelanou Manufctres
on
f
of—
w
w
Total Ent’d
Flax Bilk Cot n Wool
week
facts
43,784
-Hides
Importations of Dry Goods,
The importations of dry goods at this port for the
ending July 21,1881 and since January 1, and the same
for the corresponding periods of 1880, are as follows:
..bags.
.
.....lbs.
10,797,277
67,157,325
133,351,274
325,872,172
14,219,3*) 5
57,673.641
165,C04,J85
338
14,453
11,6a*
1,343.774
2,015
31,363,514
49’2i?'?w
3b,6*)^
40,959
9S8
26,885
42,814
3,383,678
62,094
24,82a
3,543,349
’
53,325
@FedFRASER