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HU NT'S
MERCHANTS’
MAGAZINE,
J|nr$jrapev,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED
STATES.
[Entered, according to act of Congress, in the year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
SATURDAY, JULY 24, 1880.
VOL. 31.
CONTE NTS.
THE
Railroad Earn in ge and Wheat
Production
The Bankers in Council
Railroad Traffic from Missouri
83
River
Cleopatra’s Needle and Nation¬
al Traits
“
seriously interfered with” (that evidently means smaller
or no dividends, and in
many cases default on bonds);
CHRONICLE.
81
82
Mexican International Rail¬
roads
Latest Monetary and Commer¬
cial English News
Commercial and Miscellaneous
News
85
85
87
84
THE
BANKERS’
Money Market, U. 8. Securities, Railway Stocks, Foreign
Exchange, New York City
Banks,etc
THE
NO. 787.
GAZETTE.
| Quotations of Stocks and Bonds
* New York Local Securities ....
I Investments, and State, City
89 |
and Corporation Finances...
92
93
94
(3) the machinery of the transportation business in its
(out of
gear can only he interpreted as meaning freight cars and
canal boats out of use and tied up.).
What a delightfully
soothing commercial prospect for the new year !
present expansive shape thereby “ put out of gear,”
Yet to
the real
words
COMMERCIAL TIMES.
all this
appeared last week so plainly unlike
condition, that we were led to think the very few
we
evident.
us
devoted to it
But it
were
sufficient to make the
otherwise, and
error
compelled to
|
subject again because the New York
Commercial Bulletin thinks our criticism unjust, and
has presented some figures on one branch of the inquiry
The Commercial and Financial Chronicle is issued every Satur¬ which apparently more than sustain the assertion of the
day morning, with the latest news up to midnight of Friday.
circular on that point.
That is to say, the figures make
[Entered at the Post Office at New York, N. Y., as second-class out a very plausible case in support of the position that
mail matter.]
there will be this year a large surplus of wheat raised.
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
But, even admitting the accuracy of this conclusion, it is
For One Year (including postage)
$10 20.
still only an apparent support of the circular, for the Bul¬
For Six Months
do
6 10.
Annual subscription in London (including postage)
&2 7s.
letin is very careful not to assert that this surplus will
Sixmos.
do
do
do
1 8s.
Commercial Epitome
97 I Dry Goods
104
97 Imports, Exports and Receipts 105
Cotton
Breadstufts
103
return
to
seems
we are
the
J*lte Chronicle.
Subscriptions will be continued until ordered stopped by a written
order, or at the publica tion office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
Advertisements.
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
.
william B. DANA,
JOHN G. FLOYD, JR.
\
5
WILLIAM B. DANA & CO., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
A neat file
18 cents.
cover is furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.
I5F3 For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
1871, inquire at the office.
BAIL ROAD
DARNINGS AND
DUCTION.
WHEAT
PRO¬
Among other remarks upon the circular of commer¬
cial failures, which we quoted from last week, we criticised
those portions of it which stated that “ an unsalable surplus of 100 millions of bushels of wheat is a possibility
“not to be ignored.
* * * A lessened foreign de¬
mand would, of course, seriously interfere with the
earning power of all means of transportation, and generally put out of gear the machinery of business in its
present expansive shape.” These assertions seemed to us
in any
contingency decidedly overdrawn, and their un¬
contradicted circulation liable, under the circumstances, to
do harm. The reader easily takes in the
picture sug¬
gested— (1) 100 millions of bushels of wheat (or onefifth the
crop) unsalable at any price which would pay
transportation, a fact that includes a starving price to the
farmer for the whole crop, as values must be largely regu¬
lated by the surplus;
(2) the “earning power” of railroads
“
“
“
“
be
an
not be
“
unsalable”
We
one.
never
said there
would
wheat grown
than would be consumed this
year, for that question did not arise, and is one of very
minor impoitance.
It was a surplus of wheat which no
one wanted, that we were writing about; one that was not
to he marketed, perhaps to rot on the farms, for the cars
and boats were as a sequence to get so very little to do
that our transportation business would correspond to
machinery put out of gear.
more
To such
a
foolish notion
as
that
we
entered
our
protest,
knowing it to be opposed both to experience and reason.
A surplus growth of any such staple simply means larger
stocks held at the commercial centres. As, for illustration,
during the past year the world has produced a surplus of
cotton; very likely this year it will produce a further surplus.
But no one in the trade ever thought of saying that this
surplus would be “ unsalable,” and that the railroads and
steamboats which usually carry it would be forced to reduce
dividends or go into liquidation on that account. There is
a price at which capital will hold cotton, whatever the
quantity raised; there is a price for the raw material, at
which the consumption of cotton goods will increase as
rapidly as the spindles can be built to make them. So of
wheat, when values reach a point at which there is no profit
to the farmer, capital will seek it and carry it, however
much is grown, for it is well known that the low price will
check production and rectify the oversupply, while it
largely increases consumption. We repeat, therefore, that
however large the growing crop of wheat may turn out to
be, it will all be marketed, and the railroads and canals
THE CHEONICLE.
82
•
will have to transport it, so that
circular anticipates seems to be
to
scare
the fearful condition the
merely a bugaboo set up
neophytes.
But aside from this
•
point, which was the only one we
discussed before, we must add that the Bulletin's statement
of the consumption of wheat this year does not fully satisfy
ns.
We can scarcely understand why it should go back
to the crops of 1873-76 to determine the amount to be
taken
now
for home
similar—then
labor
The conditions
use.
are
in
no
respect
unemployed and there was no
profit in making or selling anything ; now wages are
decidedly higher, everyone is busy, and money-making is
almost universal; then again since 1875 many millions have
been added to our population.
Furthermore in 1879-80,
if the crop was 449 million bushels and we exported 17-8
millions, we must have consumed at least 271 millions, the
visible supply being now about the same as it was a year
•ago; still again, in 1878-79, if the crop was 420 million
bushels and the exports 147 millions, the consumption
must have
been
was
about
273
million bushels ; so
| Vol. XXXI.
Bulletin takes for
by no means a safe
inquiry upon. As we said with regard
to home consumption, the conditions have all
changed.
Most of all have they changed in the particular of
acreage
planted in wheat in Great Britain and France.
Poor
crops for a series of years and the very low price at which
we were able to make
good their deficiency, especially ($1 08)
in 1878-79, have discouraged the cultivation of
wheat, so
that less land has been given to it and more attention has
been paid to other crops, while of course the
consumption
has increased.
Never in* all probability will this country
again go back to the average of 1873-76 in its wheat sup¬
ply to Europe. But besides all that, this year there is a
very large deficiency in stocks to be made good, and
further there is a very decided improvement in business
all over Europe and in > the consuming power of the
wage classes.
So that even with good crops there (which
just at present does not seem probable) we think
at a low price it is reasonable to
anticipate that they
will want all we have to spare.
If. on the other hand, the
unfavorable reports now coming in from Russia, France
and England are confirmed, we shall sell all our
surplus
at a higher price.
In either case there is not only no
cause for
anxiety, but rather for great thankfulness and
basis to start
an
average, are
an
also in
1877-78, if the crop was 364 million bushels and the ex¬
ports 93 millions, the consumption must have been 271
million bushels.
This leaves for home takings about 271
millions for each of the last three years.
To show the
condition of consumption for the last seven seasons, we confidence.
give the following statement, the crop figures being the
THE BANKERS IN COUNCIL.
Agricultural Department, and the exports
The annual convention of the American Bankers’ As¬
and average price being taken from the last annual New
"York Produce Exchange report, which is, by the way, an sociation is to be held at Saratoga on the 11th of Au¬
^extremely useful volume. Of course the exports include gust and two following days, and we observe that Sec¬
flour reduced to bushels.
retary Sherman, Governor Fenton, General Swayne, and
a number of
distinguished bankers from all parts of the
Leaving for
Tear.
Wheat Crop,
Exports,
Consumption, JLv. price
The sessions are
bushels.
bushels.
bushels.
of experts. country, are upon the list of speakers.
to be held in the Town Hall,
Saratoga, and it is an¬
1870-80—
178,000,000
448,755,118
270,755,118
$1 24
1 08
1878-79
420,122,400
272,434,751
147,687,649
nounced that as the attendance prom;ses to be unusually
1 32
1877-78
93,139,296
364,194,146
271,054,850
1 20
1876-77....
289,356,500
57,043,936
232,312,564
large, efforts have been made to improve the acoustic
1 24
1875-76....
74,750,682
292,136,000
217,385,318
1 14
1874-75....
72,912,817
236,189,883
309.102.700
properties of the hall, which have been complained of in
1873-74....
1 42
189,744.302
281.254.700
91,510,398
previous years. From the official circular of the meet¬
The Bulletin estimates the coming season’s consump¬
ing it appears that in the broad and extensive list
tion at only 250 million bushels.
On the contrary, is it of subjects suggested for deliberation three important
not a fair conclusion from the above, (when taken in con¬
topics will claim the chief attention. The first is Govnection with the improved business, the large immigration ernment
finance, including resumption and refunding,
and the increased land under cultivation and therefore in¬
upon which the discussions are to be opened by the
creased seed needed) that if prices should go to one dollar address of the
Secretary of the Treasury, whose name
is
destined
to
a
per bushel this year, the home consumption would not be
high and conspicuous place in the annals
a
bushel less than 320 millions.
One additional fact of financial
statesmanship and monetary reform in this
should also be mentioned and that is, that we start the
country. Mr. George S. Coe, the Hon. A. L. Snow¬
year with probably less wheat in farmers’ hands than for den, Mr. H. H. Camp and other speakers are mentioned
This is not only shown by the present in connection with this part of the programme, which
:many a year before.
smaller receipts than last year at the West, but also by the will
probably command the chief public attention and
circumstance that on our New York Produce Exchange occupy a
large part of the time of the convention.
Another important topic is that of industrial and
to-day sales of winter wheat are running almost wholly on
new winter wheat,
proving an exhaustion of the supply commercial progress. General Walker, Superintendent
of the old crop.
We thus have conclusive evidence that of the Census, is mentioned as a contributor to the
the consumption the past year was considerably more than statistics of this
department, and General Echols, of
271 million bushels, for not only has the crop been more Virginia, Mr. W. H.
Patterson, of Georgia, Dr. Simonds,.
of
South
nearly marketed than it was at this time a year ago, but
Carolina, with other gentlemen from the West
the surplus of the old crop in farmers’ hands at the be¬ and from California, are mentioned on the
programme,
ginning of the year has also been used. The actual home which is not yet quite complete. As to the third point,
consumption for 1879-80 ought, therefore, to be estimated the progress of banking, the Hon. Alexander Mitchell,
vat very close upon 300 million bushels, at an
average of of Milwaukee, President of the association, and the
•about $125 per bushel; and hence the greater reason there Hon. Theodore M.
Pomeroy, of New York, with other
is to expect that with lower prices 320 million bushels will
speakers, will discuss it; and reminiscences of banks and
be reached this year.
bankers are to be given in brief, informal addresses.
We are also sorry to disagree with the Bulletin on its The national evils of bank taxation and the efforts to
estimate of Europe’s wants.
This is of course a question obtain relief from Congress are also to be considered,
of more difficulty, because there are fewer facts to
guide and it is gratifying to learn that the prospects are that
our
judgment. But one thing would seem to us evident, measures will be matured which are expected to result
and that is,*that the years from 1873 to 1876, which the in the
repeal of the tax on bank deposits by Congress
estimate of the
t
*
July
24, 1880.]
THE
CHRONICLE.
83
As to the general objects of the Conven¬ RAILROAD TRAFFIC FROM MISSOURI RIVER.
The aspect of affairs with the roads
competing for
tion, we take the subjoined extracts from the circular
traffic
between
Kansas
above referred to.
City and other Missouri River
next
session.
and lay before the convention a report on points and Chicago, presents at the present time several
bank taxation, showing what hasbeen'done at Washington and interesting features.
At the meeting of the Southwest¬
elsewhere to relieve the banking business from part of the
ern
Railway Association, last week, the demand of the
burdens of taxation. The duty and the interest of bankers
and bank officers in these matters are plain, and the ruinous Chicago Rock Island & Pacific for an increased per¬
“
We shall prepare
taxation of the banks bears closely upon the productive growth
of the nation. Recent contingencies have compelled the banks
and bankers throughout the country to act together, and to
seek a closer union conducive alike to the stability of our bank¬
centage of the business between those points was again
taken up, but again it was found impossible to arrive at
a conclusion.
It was finally decided to postpone furthering system, the harmonious working of our financial machinery,
the prevention of panics, the revival of business, the improve¬ consideration of the subject to some future date, which
ment of public ana private credit, and the industrial prosperity it is
believed will not be earlier than September, to be
of the country. In introducing the discussions during our
three days, sessions, addresses will probably be given upon the determined by Commissioner Midgley.
In the mean¬
improvement of business during the year, the causes of indus¬ time, the matter will remain in
abeyance.
trial spasms and panics, the progress of railroad and telegraphic
This
facilities for banking and commerce, the obligations of the
difficulty arose, it will be remembered, out of
country to the banks for the continued success of resumption, the acquisition by the Rock Island, towards the close of
and for the saving effected by the refunding of the public
debt; also upon the growth of our Clearing House system, the last year, of an interest in the Kansas City branch of
importance of ample capital and reserves in our banks, the the Hannibal & St. Joseph, affording it a somewhat
history and development of banking in the United States, and
shorter and more direct line to Kansas City than via.
upon other subjects illustrating the causes of economic growth
and decadence, the influence of sound banking upon credits,
and the financial conditions which promote banking stability,
and thus develop the industry, commerce and wealth of the
Beverly
over the Kansas City St. Joseph & Council
Bluffs. At about the same time, arrangement was also
made for using the Hannibal & St. Joseph between Cam¬
country. Much of the usefulness of our association depends
on its arrangements for promoting social feeling, and making
its members better acquainted with each other. This important eron and St. Joseph, giving a decidedly shorter line to the
object will solicit special attention this year; with a view to aug¬ latter point than the Rock Island had by the route via
ment the personal interest of our meetings, reminiscences of
banking and bankers will have a place allotted to them, and Wiothrop. These changes, the Rock Island managers say,,
familiar addresses will be in order, as well as more elaborate
sketches of institutions and their officers. Some practical ques¬
tions as to the bankruptcy law will probably receive attention,
with the judicial and legislative proceedings on the subject of
taxation and usury in various States during the year.”
As in
have
placed their road in better position for doing
through business from Missouri River points, and they
claim they are consequently entitled to a larger share
of the business.
As, however, they appear to have
made no objection to laying the subject over, it would
seem that they consider it better to put
up with the
present supposed inadequate award than to run the risk
of a railroad war, with its resulting losses. Business
just now is too good to indulge in fighting.
Still it is evident that not much time can elapse before
the entire percentages will have to be re-adjusted*
previous conventions, the papers and addresses
kept as a permanent record, and the proceed¬
ings of the various sessions are to be officially published
and widely circulated in Europe and the United States.
It is impossible that so large a body of bankers and busi¬
ness men from all sections of the
country, can meet fsr a
common purpose and for deliberation on financial and
monetary topics of grave national concern without some The Wabash St. Louis & Pacific will soon come in
good results.. In fornser years considerable benefit has for a share of the business. It was supposed, indeed,
been conferred by the association in the elucidation of that this would happen before this. But unexpected
important topics at its various conventions and by its obstacles have been placed in the way of an entrance to
numerous documents and publications.
Whether the Chicago, and the opening of its Chicago line has been
present meeting will be equal to those which have pre¬ delayed. Arrangements have now been, or it is believed
ceded it remains to be seen. The fiscal year which has will soon be, perfected which will enable it to use the
just closed has been one of the most important periods in track of other roads into Chicago until such a time as
the financial s.nd productive history of the country. In it can bring its own line into use. So it is anticipated
summing up its results; in pointing out the causes and that at the next meeting of the Association the Wabash
symptoms of growth or decadence in national wealth; will be in position to enforce attention to any demand it
in revealing the defects of our banking system, the evils may make.
which threaten it and the remedies which can preserve
But this is not all. The report that the Hannibal &
it; in comparing the present with the past; and in gener¬ St. Joseph would be extended to Chicago, several times’
al consultation for the interests of our banking system current during" late weeks, receives its verification this
and of the vast movements of our national industry week in the announcement that a* company has beer*
which depends upon it, the American Bankers’ Associa¬ incorporated for building a line from Quincy to Chicago*
tion will fulfil some of the duties imposed by its organi¬ The Hannibal & St. Joseph now makes connection with
zation, and may aid in the enlightenment of public Chicago over the Chicago Burlington & Quincy, deliv¬
opinion, so as to secure the repeal of fiscal legislation by ering its business to that road at Quincy. When the
which indiscriminating and ignorant prejudice has done extension projected is completed, it
will possess
and is doing so much harm.
a line of its own from Kansas City and St. Joseph te
Seven thousand invitations have been issued to the Chicago, and will be independent of the Burlington
directors and officers of the 6,184 banks in the United & Quincy. In this connection it may be remembered
States. Some foreign bankers visiting this country have that since the 1st of January it has once or twice been
also been invited, but whether addresses are expected rumored that the Burlington & Quincy contemplated
from any of them is not announced.
As there never building a line from Yiele to Kansas City. This would
has been a time when European bankers were so active make that company independent of the Hannibal & St*
as at
present in investigating the financial and industrial Joseph. We do not know what truth there is in the
facts which control the flow of capital from Europe to story, but it seems not at all improbable considering that
this country for investment, there is no doubt that the when the Hannibal & St. Joseph reaches Chicago the
proceedings of this convention will be watched with Burlington & Quincy will be deprived of that road’s
contribution of Southwestern business.
It is claimed
special attention at home and abroad.
are
to be
,
84
THE
that with its
CHRONICLE.
[Vol. XXXI.
extension the Hannibal & St.
Joseph
England also has her obelisk. The contrast between
the
methods adopted by representatives of the two
City and
Chicago. This may be.
But if the Burlington & nations in getting home their treasure is a notable one,
Quincy should build from Yiele direct to Kansas City, and curiously illustrates a difference in the national
as the
story above quoted hinted, the latter company habits. The English, thinking the stone could most
would have almost an air-line between Kansas City and readily be
transported if it were a squared timber, pro¬
Chicago. Still another scheme has come to our notice. ceeded to make it as nearly that as possible by boxing it
A company has been incorporated, it is stated, whose up; then it was started, to float
through the Mediterranean
object it is to buy in the Burlington & Southwestern, in tow of a steamer. It was a queer undertaking, not
running from Yiele to La Clede, at the forthcoming without boldness, of course; and when the cable informed
foreclosure sale, and extend it to Kansas City. Whether us that the steamer had abandoned its burden in the
this may not be the Burlington & Quincy’s project of a rBay eof Biscay hardly
anybody was surprised at so
line between Yiele and Kansas City, we have no means natural a failure; but the
surprise came when the
of knowing.
abandoned
Suffice it to say, it would be far from a
stone, having refused to be wrecked, was
direct line between those points.
taken in tow by another steamer and
triumphantly
It will thus be seen that the number of roads among brought to London,
giving rise to an unprecedented
which the traffic from Missouri River points has to be case of claim for
salvage. The affair challenged admi¬
ration
for
divided, is on the increase. This need not,
boldness, but the boldness was entirely in the
however, be
taken as indicating that the roads already existing are line of old methods.
Now appear the Americans on the
likely to receive a smaller volume of this business in the scene, and they become original as well as bold, and
future. To be sure, as new roads are- opened to busi¬ apply to the novel problem a method
equally novel.
ness, the percentages of the old ones will be diminished. Working their stone along a temporary way down to
Yet the traffic movement of the country is all the time the water until
they had it on a sort of pontoon on
expanding, and nowhere is this more true than in the which it was comparatively manageable, the next step
rich sections adjoining the Missouri River in the vicinity in its transportation is, to
get it on the ship. This they
of Kansas City, St. Joseph, &c.
do
So, although a road’s
by getting it in the ship. Raising the ship, by means
of
a
percentage of the entire business may be smaller, its
dry-dock, until the deck where the column is to rest
amount of that business is likely to be
is
at
the same level with the column as it lies on the
greater. Take,
for illustration, the Chicago Burlington &
Quincy. pontoon, they proceed to cut a hole into the steamer’s
Having two routes between the Missouri River and bow, then shove the block on board by means of a tem¬
Chicago, (the Hannibal & St. Joseph forms part of one, porary railway, reducing friction by the familiar device
as mentioned
above), it has always had the larger share of using cannon balls. The same balls are in the ship,
of the traffic between those points.
Latterly its percent¬ now with the stone, and the latter will be again landed
It now has but a trifle more by simply reversing the process; once on shore, the
age has been cut dowrn.
than 45 per cent—formerly it had almost 50.
Is it an transporting and elevating are easy matters of detail,
exaggeration to assert that now the total at 45 per cent and the work is all done.
amounts to as much as, if not more than, the total at 50
The suggestion of interest is that this difference of
per cent did, say a year ago ?
And what holds good in procedure illustrates the boldness of method in this
this case, holds good in every other case.
While, there¬ country. In our agriculture, factories of all sorts, Gov¬
fore, a road’s proportion of the whole may keep on ernment, finances, and every department of activity,
diminishing, the total covered by such proportion is sure Americans adopt—more accurately devise—methods
to go on increasing.
which violate custom, but have the
advantage of being
direct adaptations of means to end. If the
typical Ameri¬
CLEOPATRA'S
NEEDLE
AND
NATIONAL can makes pins, he sees no reason
why machinery should
TRAITS.
not stick the pins on the
paper as well as do all the rest,
The much-talked of obelisk has arrived from Alexan¬ and he forthwith
produces machinery to do it; he is not
dria, and this country will soon possess a relic, duly set satisfied with driving nails with a hammer, but invents
up, whose age and associations may really cause curiosity a “nail-gun” to set them into the wood at a single stroke.
to yield to awe and humility.
How quarried, moved, His disregard for existing methods is utter, and yet it is
and erected, this huge block of stone, 70 feet
long and not disrespect (in the positive sense) so much as it is the
150 tons in weight, more than 3,000
years ago, is a mar¬ absence of respect.
He entirely fails to perceive, and
vel; but it is only a marvel like to that of the pyramids positively refuses to admit, that anything is entitled to
and of many ruins.
If one wTere to study this really consideration merely because it exists; it must exist for
monumental stone for an afternoon, and wrere then to
something. He is half inclined, however, to believe that
hear anew the famous lecture on “ The Lost
Arts,” he whatever is, is wrong, prima fade ; but, at least, nothing
might feel for the time that progress is not always an that is, counts, in his estimation, as worth retaining, if
uninterrupted forward movement, and that the inven¬ anything quicker, more direct and more effectual as a
tions and discoveries of which we moderns boast our¬ link between means and end can be found to
supplant it.
selves, are, perhaps, in part, only recoveries of what this The Englishman is disposed to give the old way at least
the benefit of doubt, and to cleave to it until the better
hoary old world of ours had once, but let slip.
However, we have possession of the stone, and probr has been demonstrated; the American is rather inclined
ably not many but scholars will look at it' long enough to try the new anyway, and he strikes out for himself
to feel much beyond a vague,
wondering curiosity. in new directions on all sides. Hence he is the most
There will be a column in the
newspapers; cyclopaedias migratory of all mankind who pretend to have fixed
will be thumbed a little to “ read
Cities spring up like Jonah’s gourd, and
up ” about it; the habitations.
illustrated journals will exhibit it; and
then—although geography becomes a study which has to be closely fol¬
as
solitary here as a palm tree in the middle of the lowed in order to keep up with the times.
will
be
ocean—it
the
will
new
shortest
become
metropolitan “ sights.”
route
one
in
between
the
Kansas
list of
permanent
That this is all commendable
tended.
Motion has its
dangers,
or
as
successful is not pre¬
well
as
inertia. Our
Joly
THE CHRONICLE.
24, 1880. J
85
national progress has been
term of expansion under
what was inevitable during a point where the lines now in progress from California,
unprecedented stimulus, and from Colorado, from Arkansas and Louisiana, will con¬
natural to a people in whom one more drop of venous verge.
This, if carried out, would give a direct line to
fluid was put when they were created. The infant which and from New York and San
Francisco, as well as New
came ashore on our eastern coast has become a
strapping Orleans, and develop immensely the resources of the
boy, an overgrown youth, a powerful man, and is not at northern Mexican States.
his full growth yet. The garments of his domain have
undergone repeated letting-out of the tucks, to hold IHmijeitmjsCommercial gtiglisft Hews
him ; and although they give him room at present, he RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
can grow longer than they can.
With the full national
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
July 9.
stature, the foundations all laid and the structure fin¬
ished—if such a word can be applied to any national
Latest
On
Time.
Hate.
Date.
Time.
Rate.
life—will come more conservatism and slower leaps of
—
progress.
MEXICAN INTERNATIONAL RAILROADS.
Paris
Short.
Paris
3
«(
Antwerp
Amsterdam. Short.
3 mos.
Amsterdam
Berlin
.
f
The Mexicans
longer opposed to railroads, but,
anxious to keep abreast of the civilization of the world,
are now
ready to welcome the engineer and contractor of
public works.
For years different parties have been
seeking charters from Mexico—chiefly Europeans—and
two or three such charters
granting lands have been
passed, but owing in part to the unsettled state of the
country, in part to the arrest of connecting roads in the
United States, but chiefly to the impecunious condition of
the holders of the concessions, little or no
progress has
been made, and the charters have lapsed.
The Mexican Congress reserves the exclusive
authority
of granting charters to lines
passing through two or more
States and having an international character, where
public
lands
or
no
national bonds
At their last
President
take
are
are
to be issued
in aid of them.
session, however, authority
to make
examination into the
Hamburg
July 10 Short.
25*32
July 10 Short.
25*34
12*12
mos.
...
25*50 ©25*55
12*22)12*3
12*4
20*66
20*66
Frankfort...
Vienna
20*66
St.Petersb’rg
25
'©12*412
V20-6&
'2)20*68
2)20-68
2)247s
4712©4738
July 10 Short.
July 10
44
July 10
3
mos.
July 10
4 4
l*97k>'©12*22k
Madrid
Cadiz
Lisbon
Genoa
44
July 10
20-80
20-80
20*80
117*70
Short.
4715]0,o/4713], ^
525g'2)52:i2
28*05
18*42
Copenhagen.
'©28*15
«18*45
Alexandria
New York.
Bombay
Calcutta
..
July 10
3
moft
27*60
July 7 3 mos.
July 10 Short.
July 10 4 mos.
July 10
July 10
44
July 10
97^4
4*8414
44
..
Hong Kong
Shanghai.
44
IFrom
our own
.
Is. S5i6d.
Is. 85ied.
3s. 9%d.
5s. 27ed.
correspondent.]
London, Saturday, July 10, 1880.
The more prominent feature in the money market
during
the past week has been the repayment of advances which had
been made by the Bank of England in anticipation of the divi¬
dends.
The Bank return shows that there has been a
falling
off in “ other securities” of nearly four millions and a half, and
dividend payments almost
precisely to that amount have also
given the been made, as shown by the decrease under the head of “public
subject, and to deposits.” The other changes in the Bank return are chiefly
was
security for faithful. performance from
any company
which would undertake the construction of roads, or
por¬
tions of them, leading to the northern frontier.
the result of the dividend payments, but the relative
position
of the Bank has improved, the proportion of reserve to liabili¬
ties
being 50T8
per
cent against 44*39
per cent
last week.
Naturally
Although the Board of Trade returns exhibit a decided
enough, not many capitalists are ready to put large sums improvement in our trade, the demand for
money for mercan¬
of money into an enterprise on such a
footing, but a few tile purposes is still very moderate. There are complaints that
have been found (in Boston
chiefly) willing to take the commercial paper is scarce, and the probability is that there
risk
the
strength of an Executive approval of a conces¬
sion the validity of which, of course,
requires Congres¬
sional approval.
The Mexican Central Railway is the name of this com¬
pany, which has been required to deposit $150,000 in bank
there and to complete about 50 miles of road within 18
months, and to complete the line from the City of Mexico
to Leon, 250 miles, in three
years.
This it is proceeding
to do as rapidly as may
be, in the hope and expectation of
having its charter ratified and confirmed by Congress and
further extended so as to enable the incorporators to con¬
tinue their road to the Rio Grande, 500 or 600 miles
further.
Of course, Mexico has all to
gain and nothing to
lose by a liberal policy, whatever becomes of the railroad
on
builders.
It is apparent,
Mexico that this
however, from the latest advices from
corporation will not have things all its
own
way, as there is an English party, Messrs. Sullivan,
Palmer & Co., attacking its franchises in the
courts, and,
what is more formidable, a California
company, the South¬
ern
Pacific, being for the most part the same people who
control the bulk of the railroads
on
the Pacific coast,
whose wealth and experience with railroads
and
will be
increase in it until the autumn.
It is
evident, never¬
fair, legitimate trade is in progress, free from all
injudicious speculation, and the few failures which are taking
place afford evidence of the fact that business is upon a sound
basis. The weather has, of late, been a cause for some anxiety,
as we shall soon be in the middle of
July, when the cereal crops
no
theless, that
a
should show
some
indications of
approaching, in early districts,
maturity. The season is certainly very different to last year.
In 1879 there was a persistent and general fall of rain through¬
out the country ; but now the rain is local, and is followed by
days of sunshine. After so dry a spring, the rain which has
fallen during the last six weeks has been of incalculable benefit,
and farmers are now sending to market large quantities of
green food and fruit. If we should have a hot summer, there
will be a very satisfactory yield of agricultural produce in the
country, but dry weather is now needed, as the hay crop is
being secured, and the ingathering of it is being impeded by
passing storms The agricultural population are well employed,
and they are likely to be kept actively at work until hop-pick¬
ing is completed—about the end of September, or early in
October. The agricultural prospect is certainly not discourag¬
ing, and for that reason an improvement in our trade in the
autumn is looked forward to.
The following are the present
quotations for money:
Per cent.
Bank rate
2^2
Open-market rates—
30 and 60 day s’bills...;. 1582/1%
3 months’ bills
15s® 1%
Open-market rates —
Per cent.
4 months’ bank bills
1%2>178
6 months’ bank bills
2 ©21s
4 & 6 months’ trade bills. 2*2 & 3
beyond
The rates of interest allowed by the joint-stock banks and
negotiating with the Mexican Government
discount
houses for deposits are as under:
for the construction of an
independent Mexican system of
Per cent.
Iks
railroads north from the Capital city by a trunk line to El Joint-stock banks
Discount houses at call
Iks
with 7 or 14 days’ notice.
Do
Paso del Norte, with branches' from the most suitable
1%
Annexed is a statement showing the present position of the
points to Laredo or Eagle Pass, on the east, and to San
Bank of England, the Bank rate of discount, the price of Con¬
Bias, or some other good harbor, on the Pacific coast. El sols, the
average quotation for English wheat and the Bankers*
Paso is nearly 1,000 miles north of the
Capital, and is the Clearing House return, compared with the three preceding years:
question,
are
are
«
THE
86
Bank post
bills
....
£
£
27,604,205
6,094,531
26,538,494
-
>
Coin and bullion in
both departments.. 29,112,322
Proportion of assets
to liabilities
50*18
Bank rate
2*2 p. c.
Consols
98^2
44s. 7d.
Eng. wheat, av. price
£
£
28,365,765
4,757,974
22,900,386
17,673,519
18,842,837
29,479,770
4,814,810
32,831,860
16,780,050
18,268,248
20,768,887
Public deposits
Other deposits
Governm’t securities. 15,537,901
Other securities
18,700,241
Res’ve of notes & coin 16,508,117
28,767,460
3,761,325
26,371,322
16,089,088
18,289,670
13,911,797
9,328,126
27,679,257
35,248,657 22,693,891
are
2 p. c.
3*2
2
p. c.
96%x
97*sx
42s. 4d.
46s. Od.
Bar
per oz.
standard.
gold, containing 20 dwts. silver, per oz. standard.
Spanish doubloons
South American doubloons
United States gold coin
German gold coin
Bar silver, fine
Bar silver, containing 5 grs. gold
d.
77
9
per oz.
per oz.
per oz.
73
73
76
peroz.
76
nearest.
peroz
Discount, 3 per
d.
74
....
3%®
d.
529iq..
52i&i..
56%
51%
■©
@
d>
3
3
4
4
4
4
6
..
..
..
Hamburg
..
Frankfort
..
Vienna
..
43t. Petersburg
..
Open
market.
Fr. ct.
2%
2%
212@2%
cent. “
.
2^
3i2
5
-
Genoa
Geneva
Bank
Open
rate.
Fr. ct.
4
4
market.
Fr. ct.
4
3%
Madrid, Cadiz &
Barcelona
Lisbon & Oporto.
2%
1.958.100
11,856,500
2,219,900
55,862,900
6,924,700
878,400
10,212.400
19,623,400
19.891.400
3.332.300
57,903,500
7,713,000
2,191,600
5,318,200
21.323.400
31,956,900
4
6
New York
Calcutta
4
174,492,500
80,773,600
185,910,800
219,823,300
76,660,000
109,785,800
645,100
1,071,000
2,259,400
263,641,800
331,868,500
predominating
Grand total
255,911,200
Other manufactures of cotton show
Lace and patent net
£
£
lbs.
Thread for sewing
Other manufactures, unenumerated
£
Total value of cotton manu¬
factures
£
412®5
5
The Board of Trade returns for June, and for the six months
ended June 30, have been issued this week, and, compared
vrith last year, they show very satisfactory results. The in¬
both in our imports and exports, is considerable, and a
very favorable feature is that the commerce of the country is
of a much more widespread character. The improvement is
largely due to augmented shipments to India, Australia, Tur¬
key, Egypt and some parts of South America, as well as to the
United States. The following are the leading figures:
crease,
as
3.406.500
6.129.500
79,833,100
5,137,800
2.147.100
8,490,700
23,397,800
follows:
1878.
1879
71,588
98,040
64,482
987,390
58,375
1,049,850
153,274
71,956
1,224,509
70,485
64,573
76,074
1880.
3,790,983
3,753,545.
4,845,444
The movements in bullion in the month and six months have
been
follows:
as
gold.
Imports
Imports
Exports
Exports
in June
in 6 months
1878.
1879.
£
£
1880.
£.
in June
1,231,999
7,331,429
1,965,980
1,610,733
8,940,556
641,396
799,912
2,976,830
341,076
in 6 months
9,233,102
4,597,638
3,2S6,027
SILVER.
rmports
Imports
Exports
Exports
in June
in 6 months
rmports
Imports
Exports
Exports
in
in
in
in
1756,249
1,038,529
6,340,978
770,852
6,000,080
7,425,146
449,144
in June
in 6 months
6,869,316
567,161
3,249,631
,
555,680
4,173,934
GOLD AND SILVER.
/fi>5
5%@6
4
Copenhagen
Total unbleached or bleached
Total printed,dyed,or colored
Total mixed materials, cotton
..
following are the current rates of discount at the prin¬
cipal foreign centres:
Amsterdam
2.390.300
..
The
Brussels
Berlin
1,692,100
Australia
Ocher countries
Hosiery of all sorts
9 d>
9 @
3’^'ib
standard.
standard.
per oz.,
212
4,043,600
Bombay
Ceylon
d>
77 lO3^®
peroz.
Quicksilver, £6 12s. 6d.
S.
d.
per oz.
per oz.
Cake silver
Mexican dollars
Chilian dollars
..
2.962.300
Africa
Straits Settlements
81,800,000
8.
silver.
Paris
2,702,900
2,873,700
British Possessions in South
94%
slight reduction in value. The follow¬
from Messrs. Pixley & Abell’s circular
gold, fine
Bank
rate.
Fr. ct.
1,496,500
1,356,000
2,635,600
1,924,400
Malta
British North America
British West India Islands <fc
Guiana
p. c.
61s. 5d.
93,603,000 101,8 05,000
GOLD.
Bar
1880.
Yards.
Bengal...
gold has been in demand daring the week and has been
^purchased for export to India; but bullion and gold of inferior
•assay has been sent into the Bank. Silver has declined in
value, and Mexican dollars are also cheaper. India Council
ing prices of bullion
1879.
Yards.
Yards.
Madras.*
Fine
a
1878.
Exported to—
British India—
Glearmg-House ret’n. 93,603,000
bills have been sold at
fVoL. XXXI.
1877.
1878.
1879.
1880.
Circulation,excluding
CHRONICLE
June
6 months.....
June
6 months
1,988.248
14,806,575
2,415,124
16,102,418
1,367,073
2,049,262
15,281,534
1,412,248
10,597,718
6,226,461
896,756
7,459,961
There has been renewed
buoyancy on the Stock Exchange.
early part of the week the political news from the East
and the unsettled weather caused some dulness to prevail, but
since the publication of the Board of Trade returns the railway
In the
share market
has become
firm
and there has been
some
recovery in foreign bonds. The general
sellers of railway shares at the recent
public—who have been
high prices—have now
ceased selling, and there is consequently less stock to absorb.
The dividends declared are regarded as satisfactory. They
1878.
1879.
1880.
show an increase over last year, and hence the upward move¬
Imports in June
£28,661,103 £27,768,780 £37,437,693
Imports in 6 months
189,647,854 172,641,723 210,760,753 ment in prices.
Exports in June
15,091,638
14,583,540
18,462,584
The harvest being delayed by the unsettled weather and the
Exports in 6 months
94,660,400
88,246,493
107,633,736
The following figures relate to the six months ended June 30: stocks here being light, the trade for wheat during the week
has exhibited more steadiness, and white wheats, which had been
IMPORTS.
difficult to sell, have, during the last few days, commanded
1879.
1880.
1878.
Cotton
cwt.
7,905,679
7,532,165
8,282,456 more attention
and have realized slightly enhanced prices.
EXPORTS.
Wheat has already bloomed in early districts, and should
1878.
1879.
1880.
Cotton.....
cwt.
627,962
835,727
1,009,270 there be fine weather, the cutting of it will be commenced
Cotton yam
lbs. 125,079,400
113,556,600
93,914,300
Cotton piece goods
yards.1,767,710,700 1,714,564,300 2,061,667,500 in very early localities at the close of the month. The cropIron and steel
tons.
1,127,693
1,213,628
2,105,195
of barley promises to be a large one.
Linen yam
lbs.
9,822,600
9,375,100
7,833,900
Linen piece goods
yards.
89,444,650
84,248,300
92,539,700
During the week ended July 3, the sales of home-grown
Jute manufactures
yards.
55,471,100
77,254,200
85,911,100
Silk manufactures
£
wheat
in the 150 principal markets of England and Wales
903,516
849,558
945,139
British wool
lbs.
2,588,078
3,442,000
12,711,800 amounted to 21,470
quarters, against 34,904 quarters last year ;
Colonial and foreign wool.lbs.
94,872,797 136,772,600 143,113,813
Woolen yarn
lbs.
14,295,200
14,716,200
14,599,8n0 and it is estimated that in the whole kingdom they were 85,880
Woolen cloths
1...yards.
20,191,800
20,057,400
21,956,500
Worsted stuffs
yards. 103,305,500
91,160,800 105,881,600 quarters, against 159,620 quarters in 1879. Since harvest the
Blankets & blanketing..yds.
3,020,000
2,462,800
3,096,100 sales in the 150 principal markets have been 1,307,202 quarters,
Flannels
yards.
3,548,600
2,277,200
2,419,900
Carpets
yards.
2,951,700
2,829,800
4,143,000 against 2,350,308 quarters; while it is computed that they
The following were the quantities of cotton manufactured have been in the whole kingdom 5,228,800 quarters, against
piece goods exported in June, compared with the corres¬ 9,401,480 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
ponding month in the two preceding years :
1878.
1878.
1880.
commencement of the season, it is estimated that* the follow¬
Yards.
Exported to—
Yards.
Yards.
■Germany
7,051,900
4.193.200
5.135.400 ing quantities of wheat and flour have been placed upon the
Holland
2,987,000
2,970,000
2.693.400 British markets since harvest. The visible supply in the United
France
3.589.900
5,201,000
4.227.700
Portugal, Azores & Madeira.
5,882,200
4.551.500
4,043,200 States is also given:
Italy
_
_
2,819,600
806,100
2.920.700
32,259,200
6.152.900
3.136.100
.
Austrian Territories
Greece
Turkey
Pgypt
West Coast of Africa
United States
Foreign West Indies
Mexico
United States
of
.....
Colombia
(New Granada)
Brazil
Uruguay
Argentine Republic
Chili
Peru
China and
Japan
Philippine Islands
27.270.200
33,588,700
7.860.200
7,001,400
3.142.100
4.291.200
2.639.100
1.454.800
6.678.800
5.118.700
1,747,100
3,083,400
12,515,800
2,027,100
2.933.100
2.616.200
14.660.200
11,365,000
1.566.500
3.251.600
3.189.600
718,300
3.824.800
5.614.500
8,072,100
241,800
26,084,900
30,857,500
5.198.200
6.475.200
1.605.800
1.219.200
3.345.500
7.152.700
3,726,600
4,957,000
3.160.800
Hong Kong
3,082,900
146,600
1,510,300
2.272.700
3,054,900
1,066,000
4,081,100
Java
Gibraltar
’!
4.218.600
1,099,600
2,073,000
22,570,900
2.608.800
4,235,500
4,023,200
1.877.100
5,046,200
2,790,900
1879-80.
Sales
of
produce
Total
Deduct
1878-9.
1876-7.
1877-8.
41,440,287
7,712,549
48,348,322 36,515,852
5,954,859
7,290,412
home-grown
22,658,168
40,739,750
30,903,300 32,627,400
81,021,400
89,892,586
86,542,034
75,098,211
1,366,746
1,622,312
1,522,458
778,605
79,654,654
88,270,274
Imports of wheat.cwt.49,533,370
Imports of flour
8,829,862
exports
wheat and flour
_
or
Result
Av’ge price of English
wheat for the season.
46s. 6d.
40s. 7d.
Visible supply of wheat in the U. S
bush. 14,000,000'12,184,153
„
85,019,576 74,319,606
50s. 9d. '
4,612,433
53s. la.
2,331,860
following statement shows the imports and exports of
produce into and from the United Kingdom since har¬
vest, viz., from the first of September to the close of last
The
cereal
July
THE
24, 1880.]
CHRONICLE
week, compared with the corresponding period in the three
previous seasons
:
IMPORTS.
1878-9.
1877-8.
1876-7.
11,757,379
12,322,675
1,818,530
2,384,074
24,782,586
41,440,287
9,352,713
9,719,559
1,462,186
1,470,263
31,589,699
48,348.322
12,385,539
10,476,468
1,522,930
2,598,955
30,896,620
36,515,852
11,805,745
9.889,958
1,187,184
3,965,383
29,651,372
7,712,349
7,290,412
5,954,859
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
corn...
EXPORTS.
1878-9.
1877-8.
1876-7*
1,500,381
1,445,455
738,225
48,738
84,620
446,650
40,380
1879-80.
•
j.
Wheat
61,678
557,880
430,611
54,969
104,381
18,887
19,230
219,672
166,443
121,931
76.503
28,438
105,313
89,591
92,304
89,575
21,156
15,223
Barley
Oats
Peas
Beans
Indian
Flour
com....
Annexed is
22,287
27,149
statement
showing the extent of the imports of
products into the United Kingdom during the first ten
months of the season, viz., from September to June, inclusive,
together with the countries whence those supplies were
derived. A comparison with previous years is also given:
a
cereal
WHEAT.
1878-79.
Cwt.
1877-78.
Cwt.
4,149,885
States....;30,602,932
7,623,325
23,300,636
Brit. N. America 3,280,140
2,121,825
3,667,647
7,819,046
13,775,345
1,023,541
2,818,345
1,527,522
7,427,850
25,152,524
3,024,277
5,325,571
61,103
ffcl82,596
215,085
505,065
3,746,074
1,158,304
39,785,583
46,798,449
34,659,605
1879-80.
From—
Russia
United
Cwt.
Germany
2,266,695
6,143
France
Chili
11,084
272,202
156,817
1,445,276
Turkey, &c....
Egypt
2,260
1,963,150
British India.... 1,862,440
Other countries.. 2,031,695
M
Total
479,760
624,765
47,610,616
1876-77.
Cwt.
1,380,649
312,506
880,785
1,730,766
3,730,143
1,188,474
From—
1878-79.
Cwt.
780,985
France
United States....
Brit. N. America
Other countries..
235,865
1876-77.
Cwt.
Cwt.
1,250,368
920,932
889.341
307,211
729,407
289,010
4,450,076
271,851
1,453,129
1,780,920
1,992,057
1,768,499
1,502,788
150,212
1,538,494
8,721,719
7,521,264
7,246,625
5,880,925
5,944,519
Total
1877-78.
Cwt.
Germany
2,816,634
298,225
The
following statement shows the estimated value of our
imports of cereal produce, into the United Kingdom from Sep¬
tember to June, inclusive, compared with the three previous
years:
1879-80.
Wheat
£27,819.817
Barley
5,302,398
4,287,580
Oats
Peas
Beans
Indian
Flour
723,864
947,673
7,434,045
7,296,965
corn..
Total
1878-79.
1877-78.
£19,546,105
3,689,207
3,107,113
522,215
517,690
7,951,114
£53,812,342
1876-77.
£28,456,836
5,128,236
5,922,912
989,865
9,631,938
6,602,311
£20,441,202
4,512,721
3,848,703
485,531
1,452,720
8,958,323
5,170,779
£41,256,356
£55,067,109
£44,859,979
3,630,347
627,576
Our
imports of cereal produce are estimated, therefore, to
have cost us £12,500,000 more than last season, the increase in
wheat alone being about £8,000,000.
The
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
July
July
July
July
20.
July
July
21.
52 70
22.
Silver, per oz
23.
52 78
52 78
98l16
98310
98*16
9831q
19.
d. 52*3
Consols for money
987ig
Consols for account.... 98%«
U. 8. 5s of 1881.
105
V. 8. 4328 of 1891
113*2
U. 8. 4s of 1907
...llli*
,
Erie,
common stock
525s
98>
Ill
Pennsylvania
Philadelphia* Reading
New York Central
567a
98516
983s
105*4
113%
105*4
11178
112*4
44%
433*
Illinois Central
52%
98%6
110*3
57*4
134
105*4
114*0
11230
44*3
110*3
110%
57*3
8%
135*4
Sat.
8.
d.
Flour (ex. State) $cent’l. 13 9
Wheat, No. l.wh.100 lb. 9 11
Spring, No. 2...
“
9 2
Winter,West.,n.
“
10 5
Southern, new.
“
10 5
Av. Cal. white..
“
9 6
California club.
“
9 11
Sat.
d.
Pork, West. mess.. $bbl.61
Bacon, long clear, cwt..36
0
9
Short clear
“
38
6
$ tierce.60
Lard, prime West. $cwt.36
Cheese. Am. choice •“ 51
0
6
0
Beef,
pr. mess,
57*4
9*4
135*a
1053s
1143s
112*2
44%
110*4
57*2
Pet’leum, ref. # gal.
Pet’leum, spirits “
77s
.
U>
Wed.
s.
d.
13 9
10 1
9 1
10 4
Thurs.
8.
d.
13 6
10 0
9 0
10 3
9 6
9 11
5 1
9 6
9 11
5 0
9 6
9 11
5 0
9 6
9 11
5 0
Tues.
8.
d.
61 0
36 9
38 6
59 0
37 0
56 0
Mon.
d.
..
Total week
Prev. reported..
Wed.
Thurs.
8.
d.
d.
0
9
6
0
0
0
8.
61
36
38
59
37
56
Tucs.
a:
@
778
.
'cb
.,
1879.
1880.
$1,368,042
$2,238,040
5,201,206
$2,797,180
4,572,298
5,205,803
7,191,200
$6,969,188
$5,940,340
$7,533,843
1S3,358,435
152,837,873
163,250,636
$9,988,389 '
273,237,343
Total s'ce Jan.
In
our
of dry
The
l.$190,327,623 $158,778,243 $170,784,479 $283,225,732:
report of the dry goods trade will be found the imports
goods for one weeklater.
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 20 :
EXPORTS FROM NEW YORK FOR THE WEEK.
1877.
For the week,...
Prev. reported..
1878.
1879.
1880.
$6,121,905
$7,018,127
144,122,877
$6,748,315
182,575,688
$8,915,703:
169,778,614
213,143,485
Total s’oe Jan.
l.$150,214,782 $189,593,815 $176,526,929 $222,059,189
The following will show the exports of specie from the port
of New York for the week ending July 17, and also a com¬
parison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
13—Str. Santiago
17—Str. Rhein
61
36
38
59
37
56
Wed.
0
9
6
0
0
0
Thurs.
9 6
9 11
5 1
Fri.
d.
61 0
36 6
38 3
59 0
37 3
53 0
($48,243 silver and $
gold)
Previously reported ($2,806,618 silv. and $2,088,887 gold).
d.
7%
7%
..
.
'a)
..
'a>
..
15,900
30,000
$48,243
4,895,505-
Tot, since Jan. 1, ’80 ($2,854,861 silv. and $2,088,887 gold) .. $4,943,743
Same time inSame time inSame time in—
1879
$11,473,977 1875
$57,883,134 1871.1... $50,937,341
1878
8,924,934 1874
32.839,004 1870
33,963,032:
1877
21,488,328 1873
37,398,608 1869
21,294,741
1876
36,805,777 1872
53,162,750 1868
58.972,565
The imports of
been as follows:
specie at this port for the
same
periods have
July.
14—Str. C. of Alexandria.Mexico.
Am.
Am.
For.
For.
14—Str. Alps
Am.
West Indies.
For.
Muriel
British West Indies For.
Am.
C.M.Richardson.Mexico
16—Schr. C. of Nassau ...British West Indies Am.
16—Str. Felecia
silv. coin,
$651
gold coin,
2,033
silv. coin,
70,982:
gold coin,
4,212
silv. coin,
33,409
gold coin,
gold coin,
3,407
4,111
silv. coin,
silv. coin,
Am. silv.coin..
Mexico
Am. gold coin,
Am. gold coin,
Am. silv. coin,
Danish West Indies Am. gold coin,
180
1,003
1,400
270
Venezuela
Am. silv. coin,
Mexico
17—Str. Alvo
1,470
1,862
1,350
38,301
For. silv. coin,
U. S. of Colombia... For. silv. coin,
Am. silv. coin,
For. gold coin,
1,500
Am. gold coin.
15
Total for the week ($149,745 silver and
$16,904 gold)
..
255
202
36
$166,649*
4,832,759
Tot. since Jan. 1, ’80 ($3,091,022 silv. and $1,908,386 gold) ..$4,999,409
Same time inSatne time tn—
Same time in—
1879
$5,939,703 1875
$3,348,309
$7,887,353 1871
1878
13,632,218 1874
2,752,674 1870.....
7,330,217
1877
7,532,180 1873
2,869,261 1869
9,767,172
1876
4,065,0062,558,060 1872
2,739,862 1868
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:
Receipts.
Payments.
“
19...
“
714,837 85
1,994,506 84
20...
“
1,175,751 37
21...
“
22...
23...
836,967 95
1,503,888 24
903,251 68
July 17...
“
Gold.
$
861,691 45
1,366,637 85
841,067 70
618,377 19
555,208 09
604,700 28
Currency.
Anthracite
Coal
$
85,007,548
85,887,985
86,248,632
86,437,387
87,331,153
87,554,185
$
85
27
33
08
87
82
7,592,923
7,340,356
7,314,393
7,344,229
7,399,142
89*
46
07
09*
45
7,474,661 90
4,847,682 55
7,129,203 93
Tonnage.—The following statement is
tonnage for the month of June*.
June 30, compared with the same
made of the anthracite coal
1880, and from January 1 to
periods of last
s.
d.
$2,343
Mex. silv. dols.
Mex. silv. bars.
Balances.
Fri.
s.
d.
13 6
10 0
9 0
10 3
7%'2>778
®
London
93s
Fri.
d.
..
Santiago de Cuba...Mex. silv. dols.
Total for the week
Total
77s«8
.
General mdse...
1878.
$1,767,982
$
Tucs.
s.
d.
13 9
10 1
9 2
10 5
Mon.
8.
d.
61 0
36 9
33 6
60 0
36 6
51 0
1877.
Dry Goods
135%
year:
MONTH OF JUNE.
Reading..
Lehigh valley
Central of New Jersey
Del. Lack. & West
Delaware & Hud. Canal
London Petroleum Market.Sat.
d.
165—Sctrh.
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
cotton.
on
Mon.
8.
d.
13 9
10 1
9 3
10 6
Com,mixed,West.$cntT 5 1
ket.—
Liverpool Provisions Market.—
8.
4378
110
136*0
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
c,
1053s
114*8
1123a
57*3
9*3
9
135%
98_310
98°i0
114
44^8
for the
Previously reported ($2,941,277 silv. and $1,891,482 gold)
England has decreased £39,000 during the week.
17.
Week.—The imports of lastcompared with those of the preceding week, show'
an increase
in both dry goods and general merchandise^
The total imports were $9,988,389, against $8,155,564 the pre¬
ceding week and $9,188,199 two weeks previous. The exports,
for the week ended July 20 amounted to $8,915,703, against
$8,098,810 last week and $9,447,246 two weeks previous. Thefollowing are the imports at New York for the week ending
(for dry goods) July 15 and for the week ending (for genenu
merchandise) July 16:
16—Str. Caldera
English Market Reports—-Per Cable.
of
Exports
and
week,
July.
FLOUR.
1879-80.
©nraraexxial autX|$ltsc£tlatteiws ■ftews.
Imposts
1879-SO.
8T
Pennsylvania
Pennsylvania Coal
N. Y. L. E. & W
.
;
Decrease-
1879.
1880.
669,960
417,619
85,504
481,599
359,260
270,832
269,295
188,738
156,907
77,857
32,249
188,360*
58,358
55,375
79,386
22,675
10,074
58,090
53,254
2,462,217
1,836,640
525,576.
326,208
348,581
311,413
166,981
135,948
*
88
THE CHRONICLE.
JANUARY 1 TO JUNE
30.
1879.
Reading
Lehigh valley
Central of New Jersey
Delaware Lack. & West
Delaware & Hud. Canal
Pennsylvania....
Pennsylvania Coal
1880.
3,401,024
2,014,840
1,768,665
1,702,899
1,337,281
770,723
2.632,230
1,920,901
1,514,225
1,603.296
1,260,936
214,314
A
Decrease.
768,793
473,691
93,938
254,440
99,603
76,345
48,825
204,516
184,941
29,373
721,097
678,237
N. Y. L. E. & W
Total
11,887,987
10,312,120
1,575,866
The stock of coal on hand at tide-water shipping points on
June 30, 1880, was 771,758 tons; on May 31, 646,578 tons; in¬
crease,
[Vol. xxxi.
■■■
—
125,180 tons.
Arkansas Bonds.—The Little Rock Gazette of July 11 has
the following:—“There is no difference of opinion
among our
people as to the railroad aid and the levee bonds. They have
been passed upon by the Supreme Court, and
adjudged to be
fraudulent, unjust and illegal. They are settled and disposed of
forever. They have ceased to be a debt of the State. But as
to the repudiation of ^he Holford bonds, there is a wide differ¬
ence in public sentiment.
They have never been adjudged
to be illegal or unjust. The Democratic Convention of 1878 rec¬
ommended that only so much of them as was
illegal and
fraudulent should be made a question of. Until a court of com¬
petent jurisdiction and final resort—such as the Supreme Court
of the State—passes upon them, and
adjudges them to be
fraudulent or illegal, these bonds will stand
against us so long
as Arkansas is a State or time lasts.
We cannot get around
them, or dodge them, by any such scheme as a constitutional
amendment which is itself unconstitutional, until the
Supreme
Court of the land determines and declares the
bonds, and all
portions of them, to be illegal and unjust. Those opposed to
the adoption of the amendment
simply ask that the State do
not refuse, or decline even, to
pay any bonds issued by the State
until they have been properly adjudged
by the proper authority
to be unjust or illegal. The Holford bonds have not been so ad¬
judged, and until they are any action to get rid of them, ex¬
cept through the legitimate channels of the courts, is not only
futile, but it will be regarded by the world as an act of repu¬
diation.”
District of Columbia.—A press despatch from Washington,
: “ Under a late act of Congress authorizing the
July 16, said
Treasurer of the United States to fund certificates of indebted¬
against the District of Columbia into 3*65 bonds, an issue
of $700,000, in addition to the amount now
outstanding, will be
made.”
ness
Gas Stocks.—There has been
amount of coupons outstanding.
ment of same, as follows:
Virginia Consol. Coupons outstanding..
“
“
Virginia 10-40
We give, officially,
a
state¬
$ 615,171 00
148,888 50
.
Total
$ 764,059 50
Amount taxes for tlie current year about
$2,500,000 00
St. Louis Iron Mountain & Southern.—The Iron Mountain
Railroad Company is advertising for
for
proposals
the
of thirty-four miles of new road, known as the Camden building
Branch.
The branch will leave the main line of the Iron
Mountain at
Guerdon,
a
station about sev.enty-five miles below Little Rock,
and run a little east of .south to
on the Ouachita River.
Camden, in Ouachita County,
St. Paul & Sioux City.—A despatch to the
Chicago Tribune
dated July 20th says : “The question which has vexed the
amicable relations of the Union Pacific and St. Paul & Sioux
City
as to which company should build the forty-three miles of
road in Nebraska between Vincent’s Junction and Norfolk has
been settled by Gen. J. W. Bishop, of the latter
company, who
went to New York to confer with President
Dillon, of the Union
Pacific, about the matter. The road will be built nominally
by
H. H. Porter, President of the St. Paul & Sioux
City; but it is
understood it will be used by both companies. This will
give
the Union Pacific connection with -the railroads
terminating at
Sioux
City.”
Scioto
Valley.—The stockholders of this company have voted
to increase the capital
$500,000, and to proceed at once with
the extension from Portsmouth,
Ohio, up the Ohio River to a
point opposite Ashland, Ky., to connect with the Chesapeake &
Ohio Road, which is expected to reach Ashland this fall.
Union Pacific.—The World reports the actual ascertained
earnings for April of the Union Pacific consolidation, given by
the Auditor, as follows :
Gross earnings
Expenses, including taxes and steel rails
$2,175,015
1,208,425
Net
earnings.
$966,589
This corporation have now under construction an extension of
the Central Division from
Neeley, on the Denver Pacific, down
the Platte Valley to Julesburg,
on the main line, for 150 miles.
When completed this extension will reduce the distance from
Denver to Omaha by more than fifty miles,
making a low-grade
line (nowhere over 25 feet to the mile) from Denver to Omaha
550 miles.
They have also under construction extensions of the
Utah Northern, which from Ogden to Red Rock, Mon.,
304
within the past few months a miles, is owned
entirely by the Union Pacific. This road will
gradual improvement in the price of gas stocks. The advance now be pushed through Montana to
Puget Sound. A branch
ranges from 20 to about 30 per cent from the lowest points, will entirely be built to Butte
City, and one is contemplated to
which were reached about six months
At that time the Helena, the main line passing through Deer Lodge. One hun¬
ago.
companies were engaged in bitter rivalry, and in consequence dred miles are now
being built north of Red Rock.
of this competition prices for gas had been reduced to
$1 and
—In the American Law Review for
75 cents a thousand feet. The companies have
July, published by Little,
recently settled Brown &
their differences, agreeing upon a uniform
of Boston, Mr. Leonard A. Jones continues his
price of $2 25. The articles onCo.,
“ The Law of Collateral Securities.”
It is hardly
agreement has been maintained, and it is said that the com¬
panies now receive less complaint from consumers than wrhen necessary to remark that this branch of law, on a subject hardly
second to any other in its importance to bankers and
gas was sold at the former low rates.
brokers,
Compared with these, has been so
the present prices appear to be
greatly increased in its extent by the numerous
very high, but they are still
decisions of late years, that a treatise on the
lower than the prices in many of the
subject is an
principal cities of this
country, and are within 15 cents of the price at Philadelphia, important addition to the popular law books of the day.
where gas is manufactured and sold
—Attention is called to the card of Messrs. C. F. Hohorst &
by the city. At the'
resent price the
gas companies are making a profit on the Co., cotton and produce commission merchants in this
city.
usiness, while before they were losing money. The knowledge This house receives
consignments of all kinds of produce, and
of this fact has led to a renewed
inquiry for the stocks, and an make liberal advances on same. They also give special atten¬
advance in the price of them. Investors are said to have tion to
orders for the purchase and sale of contracts for future
recovered fully from the electric light scare,
which a few delivery of cotton.
months
threatened the very existence of the gas com¬
—The Bank of British North America, one of the
The following table shows the present market quota¬
strongest
of the large Canadian banks having
tions for the stocks of the various
agencies in New York, nas
companies, compared with
the lowest prices of about six months
just added Chicago to the list of places on which it issues
ago :
demand drafts, &c.
Present price.
Lowest price.
ago
panies.
Manhattan
191
to
to
to
to
to
192
180
72^ to
75
Municipal
Metropolitan
175
New York
Mutual
Harlem
100
75
145
150
101
80
140 to 141
150 to 155
115 to 120
75 to
80
50 to 55
58 to 60
BINEING AND FINANCIAL.
FISK
BINKERS
During the struggle between the companies dividends have
been irregular. Some of the companies have declared small
dividends regularly, but others have omitted
them, and the
Harlem Company has not paid a dividend for about two
years,
-[if. r. Tribune July 16.
Louisiana State Bonds.—The Bank of New York
gives no¬
tice that holders of consol, bonds of the State of Louisiana
may
present their bonds at the bank and have same stamped. In¬
terest reduced to 2 per cent
per annum for five
years from
January 1, 1880 ; 3 per cent per annum for fifteen years, and 4
The coupon due
per cent per annum thereafter.
January 1,
1880, must be surrendered before the bond is stamped. Hold¬
ers
.
who prefer to
exchange for
bearing interest at 4
a new bond at 75 per cent,
per annum, must forward old
the State or to the State National
per cent
bonds to the Treasurer of
Bank, New Orleans, La.
Virginia Bonds and Coupons.—Messrs
R. H. Maury & Co.,
of Richmond, state in their circular of
July 17: Virginia cou¬
pons have advanced from 83% to 88 for consols and 88 to 92 for
10-40 coupons.
There was no reason ter the late decline, not¬
withstanding the maturity of the July coupons, since the taxes
to be paid by November 30th are so much in
excess of the whole
AND
&
DEALERS
HATCH,
IN
GOVERNMENT
And otlier desirable In\ estment
BONDS,
Securities,
No. 5 Nassau Street, New York.
Buy and sell all issues of Government Bonds, in large or small amounts,
prices, and will be pleased to furnish information in
at current market
reference to all matters connected with investments in Government
Bonds.
We
are
prepared to give information in regard to first-class Railway
Securities and to execute orders for the
same.
Buy and sell all marketable Stocks and Bonds on commission, at the
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants and
others, and allow
interest on daily balances; and for those
keeping accounts with us we
collect U. S. coupons and registered
interest, and other coupons, divi¬
dends, &c., and credit without charge.
Jdp3 We give special attention to orders from Banks, Bankers, Institu*
tions and investors out of the city, by (Hail or
Telegraph, to buy or
sell Government
Bonds, State and Railroad Ronds, Rank
Stocks, Railroad Stocks, and other securities.
We have issued the Seventh Edition of “Memoranda
Concerning
Government Bonds,” copies of which can be had on application.
FISK & HATCH.
July
THE CHRONICLE.
24, 1S80.J
89
insurance
companies, have been purchasers, and a lot of nearly
$1,000,000 was sold to one of the leading Canadian banks. No
purchase of bonds was made for the sinking fund this week.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the Currency furnishes the Despatches from Washington report that of the $40,000,000 of
$10 refunding certificates issued under the special act of Con¬
following statement of National Banks organized:
2,485—Tlie Soutn Framingham National Bauk, Massachusetts. Author¬ gress, which were convertible into 4 per cent bonds of $50 and
ized capital, $100,000; paid-in capital, $60,000.
James W. upwards, about $1,367,000 remain unconverted.
Clark, President; Frank W. Stockwell, Cashier. Authorized to
The closing prices at the New York Board have been as fol¬
commence business June 28, 1880.
gfc* flankers' Cfejette.
2,487—The First National Bank of Middleburgh, New York. Authorized
capital, $50,000; paid-in capital, $50,000. Duryea Beekman,
President; Walter E. Mitchell, Cashier. Authorized to com¬
mence business July 12, 1880.
DIVIDENDS.
Per
Cent.
Railroads.
Cedar Rapids & Mo. Riv. (quar.).
Do
do
$1
Connecticut & Passum. Rivers
Illinois Central
Massawippi Valley
Banks.
Corn Exchange
Pacific (quar.)
When
Books Closed.
Payable.
(Days inclusive.)
$2
Aug. 2
Aug. 2
Aug. 2
3
Sept. 1
$2
Aug. 2
5
Aug. 2
Aug. 2
$3 50
pref...
2%
t
July 22 to Aug. 1.
insurance.
Home Fire
Lenox Fire
Peter Cooper
5
4
8
Fire
Rutgers Fire
Misce l laneo
Iowa RR. Land
Aug. 2
$1 50
Aug. 2
2
3
Aug. 2
Aug. 2
Pennsylvania Coal
Stock
decidedly strong tone this
week, and prices, in some cases, are materially higher. Taking
a single point as a criterion
by which to judge of the current
drif t of opinion, we find that the following cable dispatch from
London on Thursday had a perceptible influence, viz.: “ Nearly
£200,000 in gold has been bought in the open market during
the last few days for shipment to New York.” This importa¬
tion of $1,000,000 would not, in itself, be of
great importance,
but the first positive intelligence of another gold movement
country touched
July
17.
July
19.
20.
coup. J.
reg. Q.-Feb.
coup. Q.-Feb.
reg. Q.-Mar.
4%s, 1891
coup. Q.-Mar.
4s, 1907..
reg. Q.-Jan.
4s, 1907..
coup. Q.-Jan.
68, cur’cy, 1895..reg. J. & J.
6s, cur’cy, 1896..reg. J. & J.
6s, cur’cy, 1897..reg. J. & J.
6s, cur’cy, 1898..reg. J. & J.
68, cur’cy, 1899..reg. J. & J.
*
This is tlie price bid; no
a
sensitive chord in Wall Street,
and aroused the bull element to activity. Much talk is heard
of a repetition of the events of 1879, with the
heavy import
of gold, immense exports of produce, and
high prices for
securities and merchandise. This is, of course, the talk
of the day only, but it reflects the opinion of
many of the most
active business men, and shows upon what
grounds their
operations are likely to be based.
The gold imported will probably go into the banks, and
they
are also gradually
draining the gold out of the Treasury and
leaving the silver there as a heavy incubus. A statement from
Washington this week reports the standard silver dollars now
in the Treasury as about $44,000,000, out of
$63,000,000 coined,
and this amount is increased by nearly the entire
monthly
coinage, which is about $2,300,000 per month.
The money market has been very
easy, and on Government
bonds 2 per cent is the common rate for call loans, while
excep¬
tional transactions are made below that; on stock collaterals
2@3 per cent is paid. Prime commercial paper is quoted at
326(5)5 per cent, according to the grade and the length of time
a
6s, 1880
cp.
6s, 1881
cp.
5s, 1881
cp.
4%s, 1891..cp.
4s, 1907
cp.
68,cur’ncy.reg.
102%
103%
102%
106%
103
125
July
July
21.
22.
23.
*10218 *102% *102% 102% 102%
10312 *103% *103% *103% 103%
*110% *110%
*110% 111
-110% *110% *110% *110% *1107s
108% 108% 108 % 109% 109
108% *108% 108'% 109% 109
*125
*125
*125
*125%
*125% *123
*125% *125
*126
*126
*124
*126
*125% *126%
*126% *124% *126% *126
*127
*127
*125
*127
*127
*128
sale was made at tlie Board.
......
Highest.
Jan.
13 104% May
July 9 107% May
May 5 104% Apr.
Jan.
2 110% May
Jan.
2 109% June
Apr. 21 126% Feb.
Amount
7
17
9.
16.
23.
109%
109%
*125%
*126%
*127%
*123
*129
Coupon.
$12,669,000
$2,909,000
165,023,050
294,586,500
171,107,350
527,707,950
64,623,512
54,436,900
190,278,400
78,892,650
210,272,850
Closing prices of securities in London for three
since January 1, 1880,were as follows:
July July July
111%
*111.
July 1, 1880.
Registered.
20
26
28
29
*102%
*103%
1880, and the amount
1, 1880, were as fol¬
the range
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907
July
J. *101% *101% *101% *101% 101% *101%
J. *101% *101% *101% *101% *101% *101%
J. *103 78 *104
*104
*104
104% 104%
J. *10378 104% *104
104% *104
104%
Lowest.
Money Market and Financial Situation.—The
Exchange markets have shown
it has to
6s, 1880..
6s, 1881..
6s, 1881..
5s, 1881..
5s, 1881..
4^8, 1891
&
&
&
&
July
Range since Jan. 1, 1880.
FRIDAY, JULY 23, 1880-5 P. M.
toward this
reg. J.
coup. J.
reg. J.
us.
Oregon R. & Nav. (quar.)
Tlie
Interest
Periods.
The range in prices since January
1,
of each class of bonds
outstanding July
lows :
Oil dem.
On dem.
On dem.
10
:
6s, 1880..
The following dividends have recently been announced:
Name of Company.
lows
weeks past
and
Range since Jan. 1,1880.
Lowest.
Highest.
105%
105% 104% Apr. 15 106% Jan. 12
112% 113% 114% 10978 Jan. 2 1143s July 23
110% 111% 112% 106% Jan. 2 112% July 23
xl05
State and Railroad
Bonds.—The transactions in State bonds
Louisiana consols are quoted to-day
at 46% asked, and notice is given that holders can have the
bonds stamped at the Bank of New York—2 per
cent for five
years, 3 per cent for fifteen years and 4 per cent afterward—
or
they can send the bonds to New Orleans to be “scaled” to 75
have been
quite limited.
Ser cent
of their
new 472per
cent
face 4andperexchanged
bonds. .
North
Carolina
cents arefor
quoted
bid,
Alabama
ew
class A 59 bid.
Railroad bonds are very strong and active, and the choice
investment bonds are pushing up to prices never before known.
The Connecticut law permitting savings
banks to invest in cer¬
tain first mortgage bonds has brought them in the market as
purchasers during the past few months, and, as between rail¬
paying even 5 per cent and governments paying only
3% per cent, there is enough difference to make the firstnamed a desirable purchase.
road bonds
Messrs. A. H. Muller & Son sold at auction
Shaves.
35 Brooklyn Fire Ins. Co
194
50 Hamilton Fire Ins. Co.. .134%
80 Mech. & Traders’ Ins. Co. 152%
100 Brooklyn Fire Ins. Co.. 199%
50 N. Y. & Harlem RR.
common
-5)192%
Shares.
100 Manhattan Gaslight Co.
$50 each
$1,000 Chicago & Canada 3o.
Co.,
176%
Railroad and Miscellaneous
has
developed
190%
Bond.
RR. Co. 1st mort. bond.
All unpaid coupons on....
Stocks.—The
stock
53%
market
strong feeling, and prices of many of the lead¬
ing stocks show a decided advance during the week. The gen¬
The Bank of England weekly statement, on
Thursday, showed eral influences which have affected the market at
large are the
a decrease of £39,000 in
specie, and the percentage of reserve assurance now of large crops, the belief in a
very heavy export
to liabilities was 52%,
against 51% last week. The discount of produce, as well as a demand for American securities abroad,
rate remains unchanged at 2%
aud a consequent movement of gold towards this
per cent.
country. In a
word, the bulls in stocks are predicting another “boom” like
The last statement of the New York City
Clearing House that which occurred in the autumn of 1879. The
granger
banks, issued July 17, showed an increase of $703,050 in the stocks, the trunk
lines, the Southwestern list and even the coal
legal reserve, the total surplus being $18,471,275, against road stocks have all advanced, and close very strong. The weak
$17,768,225 the previous week.
point in the market has been the elevated railroads, and these
have further declined on the failure of their directors to
The following table shows the
agree
changes from the previous week to
anything—and on the general impression of bad faith
and a comparison with the two
preceding years.
with the public in the past manipulations of the stocks of
these companies by their directors. N. Y. Ontario & Western
1880.
Differences fr’m
1879.
1878.
closes at 27%—the option to exchange more of the old stock
July 17.
previous week.
July 19.
July 20.
for new having expired July 22.
The capital will probably
Loans and dis. $292,309,500 Dec.$l, 119,000
$262,719,800 $236,195,500 stand at about $58,000,000, * and the cash on hand received
Specie
70.615.500 Dee.
206,600
20,011,700
22,001,600 from assessments paid at about $9,750,000, when the pending
Circulation
19.4s8.700 Dec.
37,100
20.531.600
19,405,100
Net deposits
292.238,500 Inc. 1,523,800 240,154.300 221.252,100 matters are closed up ; there are reported to be $4,537,000 of
old shares and convertible bonds wiped out
Legal tenders.
20,915,400 Inc. 1,290,600
50,508,900
57,543,900
by the non-pay¬
run.
a
..
.
Legal
reserve.
Reserve field.
Surplus.
$73,059,625 Inc.
$18,471,275 Inc.
United States
been
$380,950
91,530,900 Inc. 1,084,000
Bonds.—The
$703,050
$60,038,575
$55,313,025
70.520.600
79,545,500
$10,482,025
$24,232,475
market
for governments has
active, even at the high prices
particularly strong and
prevailing. Many institutions; including savings banks and
ment of the 30 per
cent cash assessment.
The sharp rise in the Denver & Rio Grande shares was due
to the large earnings.
The advance in Central Pacific was due
to the report that the second
option on 50,000 shares would not
be renewed by Mr. Huntington, except at a
higher price. Wa¬
bash advanced on the report of a probable dividend on the
preferred stock for the last six months of 1880.
In commenting last week on the Erie
earnings,
no
mention
90
THE CHRONICLE.
[VOL. XXXI.
made of the
/——Latest earnings reported.—,
yearly charges for rentals, &c., which amount,
or Mo.
1880.
1879.
figures, to $1,000,000 more than the receipts from Ala.Ot. Southern.Week
June
$40,821 $23,263
miscellaneous sources. The charge for bonded interest this year, Albany
A Susq.. May
109,405
84,473
1879-80, is about $4,000,000, and the above obligations added Atcli.Top. AS.Fe.June..
720,000 410,808
Atl.
A Char.Aii^L.April
makes the total annual charges to be paid out of net earnings,
52,916
52,816
Atl. A Gt. West....May
349,010 317,143
ahead of the preferred stock, $5,000,000. The
Pennsylvania Atl. Miss. & Ohio.May
131,407 130,979
Bailroad presents another strong statement of earnings for Bur.C.Rap.ANo..2tIwk
July
31,357
24,648
June, and for the first six months of 1880 the company’s whole Cairo A St. Louis. 1st wk July
7,599
5,524
Carolina Central.May
23,511
23,587
system of roads made the remarkable net gain of $3,979,093 Central Pacific...June
1,752,000 1,443,088
over the same period of 1879.
Ches. AOhio
June
211,645
148,457
The daily highest and lowest prices have been as follows:
Chicago & Alton .2d wk July 156,859 125,298
was
in round
N.YOnt
Saturday,
July 17.
Chic. Burl. &
Monday,
Wt dues d.
Tuesday,
July 19.
July 20.
Am. Dist. Tel. 72% 72H
Atl.&Pao.Te).
43% 43%
43
Canada South.
62% 04%
Cent, of N. J..
70% 72%
Cent.-Pacific..
70
70
Ches.&Ohio.. 18
18** 18% 19%
Do 1st prf. 23Ji 23J*
Do 3d prf.. 20
20
21" 2i
Chic. & Alton. 111
112% 113 113
Chic. Bur.Q. 122% 124
124
125
Chic.M.&St.P.
70% 81
Do
pref.
104% 104%
Chic. AN. W..
92
93%
72
*42
*42%
July 21.
Thursday,
July 32.
~73
72
43
43%
02% 04
45%
63
62%
73
70
SB 3B
•18% 19%
73%
40%
43%
74'
i8%
74% 73%
70
18% 19%
18%
*24
Friday,
July 23.
74
74
45% 40
62% 02%
*24
20
.,
iSBiSP
S*
P
8*
WSi
8*
¥* t*
8*
!$
SB
....
...
St.L.A.A T.H
Do
pref.
St.L.I.M. A So. 47%
Bt.L. A S.Fran.
Do
pref.
Do 1st prf.
Scitro Tunnel.
Union Pacific. 00%
Wab.St.L.AP. 37%
Do
pref. 00
West. Un.Tel. 105%
*
These
48“
48% 49%
35% 35%
59“ 59%
43% 51% 51
■....
’....
*70
Vi
92
38
m
9lf|
92%
3*
38%
60% 00% 67%
100% 100% 100%
100
107
no
sale
52%
36
47
....
i%
91
91%
37% 38%
07
07%
the prices bid and asked:
are
30
48
75
37
48
74
50% 52%
'
47% 47%
12
75
1%
1%
1%
90% 62
90%
38
39% 37%
00% 68
66%
106% 107% 100%
was
1%
52% 53%
30% 36%
47!4
91%
40%
08%
<£*
sn
107% 100% 107%
made at the Board.
Total sales of
and the range
to date,
leading stocks for the week ending Thursday,
in prices for the year 1879 and from Jan. 1, 1880,
were as
follows:
Sales of
Week,
Shar'es.
Canada Southern....
Central of N. J
7,020
104,664
Chicago A Alton
1,100
Chic. Burl. & Quincy
4,004
Chic. Mil. A St.P.... 153,960
Do
do pref.
1,830
Chic. & Northw
55,045
Do
do pref.
6,090
•Chic. Rock I. A Pac¬
6,520
ed. Chic.& Ind.Cent.
17,100
Del. & Hudson Canal
35.406
Del. Lack. & Western 166,391
Hannibal & St. Jo..‘
14,555
Do
do pref.
12,000
Illinois Central
2,241
Lake Erie A Western
3,800
Lake Shore
102,765
Louisville & Nashv..
413
Manhattan
33,575
Michigan Central....
39,641
flt.L. A San Francisco
Do
pref.
Do
let pref.
Union Pacific
Wab. St. L. & Pacific
Do
do pref.
Western Union Tel..
.
600
39,843
28,815
45,730
60
May 25
68% May 25
22% May 25
63% May 25
86% Mar. 30
94% Mar. 22
42% Feb. 24
76
2 110
Feb. 24
99% Jan.
Mar.
20% May 11 38% Mar.
95
Juno 2 111% Mar.
86% Jan. 8 164% Apr.
21
July 22 57% Mar.
75
May 17 96% June
28% May 25 49% Jan.
100
May 24 110% Feb.
47% June 1 128
Mar.
*
Denv.S.P’k&Pac.May
Det. Lana. A No.. 1st wk July
Dubuque A S.City. 2d wk July
Eastern
May
Flint & Pere Mar. 2d wk July
Grand Trunk. Wk. end. J’ly 10
Gr’t Western. Wk. end. J’ly 9
Hannibal A St. Jo. 2d wk July
Houst. A Texas C.May
Illinois Cen. (Ill.) .June
Do
(Iowa). June
Indiana Bl. AW.. 1st wk July
Ind. Dec. A Spr.-June.......
Int. A Gt. North..2d wk July
K. C. Ft. S. A Gulf .June
Kans.C.Law.ASo.Juue
13,092
75.783
6,008
91,372
88,804
223,903
20,579
22,622
227,415
24,305
187,256
93,375
32,991
188,120
521,277
122,230
23,672
36,720
26,898
79,976
64,328
27,991
21,471
153,400
13,065
69,940
14,596
55,016
7,053
92,274
17,832
44,354
16,569
17,381
203,840
17,586
145.327
77,925
22,579
165,551
17,426
20,349
418,116
2,753,019
250,310
1,583,137
613,239
768,750
1,044,927
703,169
115,703
179,645
185,978
191,731
8,484,255
7,855,408
1,256,425
812.808
3,690,844
2,412,895
5,349,271
6,714,248
201,225
582,802
5,903,000
151,349
354,488
432,665
417,813
4,378,077
6,960,332
584,970
270,639
334,838
1,985,046
1,572,960
215,076
482,947
1,291,122
940,789
190,303
481,380
1,091,321
796,369
5,145,778
2,479,782
1,202,015
450*,474
8,390,313
742,247
1,265,504
2.800.194
754,100
593,376
460,171
120,407
$187,352
551,389
3,704,353
300,113
2,055,578
468,223
190,309
901,391
555,175
4,313,458
2,121,356
938,217
1,038,876
2,528,460
699,442
540,576
767,864
533,261
63,536
36,093
9,055
14,690
724,490
377,093
339,888
202,533
Lake ErieA West.2d wk July
Little Rk. A Ft. S.May
170,218
106,441
Louisv. A Nashv.2d wk July
89,440 4.182.195 2,792.050
Minn. A St. Louis, let wk July
7,572
323,165
206,554
Mo. Kan. A Texas.2d wk July
60,646 2,114,978 1,352,962
Mobile A Ohio....4thwkj’ne
35,330
25,541 1,003,158
856,579
Nashv. Ch. A St.L. June
144,155 105,047 1,024,705
837,887
N. Y. A Canada ..May
53,483
37,238
273,746
155,831
N.Y. Cent. A Hud. June
2,653,477 2,022323 15,742,478 13,157368
N.Y. L. Erie A W.May
1,592,544 1,350,574 7,429,252 6,434,673
N.Y. A N. EngTd.J’ne 1 to 23 137,874
128,089
Northern Central.May
329,788 317,568 1,796,597 1,519,213
Northern Pacific .Jime
261,269 198,744
910,031
709,242
Ogd. A L. Champ.1st wk July
11,208
9,104
233,533
163,519
Pad.AElizabetht. 1st wk July i 6,331
5,518
184,648
135,011
Pad. A Memphis.. 1st wk July
3,895
3,303
99,605
76,883
Pennsylvania ....June
3,221,476 2,390,810 19,434,071 15,414,058
Peoria Dec. A Er. May
40,800
167,412
Philadel. A Erie..May....... 311,470
264,409 1,443,774 1,142,539
Phila. A Reading.May
1,457,881 1,332.547 6,790,931 5,351,654
Ports. Gt.F.ACon. May
14,476
10,416
Rensselaer A Bar. May
141,392 130,308
688,913
503,591
St.L. Alt. A T.H. ..2d wk July
28,230
19,698
670,962
439,643
Do
(brehs). 2d wk J uly
10,900
10,122
317,690
264,908
St.L. Iron Mt. AS. 2d wk July 112,700
85,300 2,835,032 2,086,315
St.L. A San Fran.2d wk July
41,396
25,625 1,198,506
567,302
St.Pau) A Duluth.May
57,715
50,002
206,147
151,529
St.P.Minn.AMan.lstwk July
54,944
46,814 1,492,945
St. Paul A S.City. .2d wk July
22,954
19,222
677,450
530*,563
Scioto Valley
2d wk July
9,032
5,259
150,186
133,567
Texas A Pacific
2d wk July
39,749
34,165
Tol.PeorlaA War.2d wk July
25,375
16,977
709,761
610,493
..
Union Pacific
June
1,936,000 1,283,000
Wab. St.L. A Pac. 1st wk July 176,424
133,853
4
108
2
16
28
27
28
5
89%
41%
70%
79% 100%
28%
89%
72%
73% 98
5% 35%
75% 104%
35% 83
May 17
62
2 190
Mar.
July
Apr. 13 123
2
May
May
May
26% May
51% May
11
11
11
25
25
8
10%
39%
3
Feb. 17
Feb.
2
60% Mar. 8
83% Mar. 9
5,490.282
48
earnings from Jan.
1 to, and
Jan. 27
88% 116
tinm'Jima j'],
including, the period
j
Paris (francs)
Amsterdam (guilders)
Frankfort (reichmarks)
Bremen (reichmarks)
3,773,589
Demand.
4 82%@4 83
4 81
@4 81%
4 80 @4 80%
5 26%@5 22%
39%@
93%@
93 %@
4
4
4
5
40%
94%
94%
84%@4 85
83 '@4 83%
82
@4 82%
22%@5 20
40 @ 40%
94 %@
95%
94%@ 95%
The following are quotations in gold for various coins :
Sovereigns
$4 83 @$4 86
Silver %s and %s. — 99%@
Napoleons
3 83
@
X X Reichmarks.
X Guilders.......
4 74
@ 4 78
@ 4 00
@15 80
396
8pan’h Doubloons. 15 60
Mex. Doubloons ..25
Fine silver bars
1
Fine gold bars..
Dimes A % dimes. —
..
Boston
*
55
3 87
@15 65
14%@ 1 14%
par@% prem.
99 %@ par
Five francs
Mexican dollars..
Do uncommerc’l.
—
—
92
89%@
—
87
—
90%
—
series of weeks
Specie.
141,170,800
140.887.000
141,880,400
past:
L. Tender*. Deposits* Circulation. Agg.Clear.
$
%
follows:
53,507,387
53,050,002
54,328,137
05,016,453
53.228,300
58,347,774
Philadelphia bank!
,
Loans.
Lawful Money
Deposits.
1880.
June 14
07,338.082
21
28
07.542,507
67,003,400
July 5
67,873,399
08,022.417
19,120,748
19,079,612
20,088,500
57.674,977
57,479.201
58.074,381
59,331,205
59,619,000
07,730,302
20,573.774
60,034,008
19
@
English silver
Philadelphia Banks.—The totals of the
12
par.
95
—
88
4 75 @ 4 82
Prus. silv. thalers. — 68 @ — 69
Trade dollars
99%@ — 99%
New silver dollars — 99 %@ par.
—
0,303,200 3,308,300
54,175,300
31.172.400
0.115,900
3,693,700
53.873.800
30,089,200
0,078,800 3,978,200
53.878.800
30,064,000
143.700.100
0,308,000
4,131,000
53.701.800
30,730,500
144,541,000
4,377.800
53.050.100
5,830,000
30.573.400
10
145.258.100
54.727.500
0,250,400
4,124.000
30.497.400
Other than Government and bank*, less Clearing-House cheoka.
are as
@
Banks.—The following are the totals of the Boston
a
Loans.
S
June 14..
“
21..
"
88..
J uly 5..
*•
12..
The latest railroad
earnings and the totals from Jan. 1 to
latest dates are given below. The statement includes
the gross
earnings of all railroads from which returns can be obtained.
The columns under the
heading “ Jan. 1 to latest date” furnish
mentioned in the second column,
Documentary commercial
1880.
97% Jan, 19
Sixty Days.
Prime bankers' sterling bills on London.
Prime commercial
banks for
66
48
72% Jan.
2 116% Feb. 24
July 23.
182
72% Jan.
49,930
86% June
Lowest price here is for new stock, sold for first
t Range from Sept. 25. J Range from July
30.
"
Cin. A Bpringf. ..2d wk July
Clev. Col.Cin. Al.2d wk July
Clev. Mt. V. A Del. 1st wk July
Del.&H.Can., Pa.Div.. May.
Denver A Rio Gr 3d wk July.
94
34
Jan.
34% May 25
25% May 11
33
60
80
31
38
43
13%
May 11 137 Mar. 31 112
139
June 1 48% Feb.
2 21% 49
May 25 73% Feb. 2 37% 78%
May 11 36 Jan. 14 116
40%
May 24 60 Jan. 13 J 44% 65
May 25 44% Mar. 6
7 % 33%
*
the gross
‘
$284,767
Exchange.—The tendency of exchange is still downward, and
Range since Jan. 1,1880.
Year 1879.
now the cable
reports $1,000,000 gold purchased in London for
Lowest.
Highest.
Low. High shipment to the united States.
The rates for bankers’ sterling
bills
here
to-day,
on
actual
sales,
were about A 82 for 60 days
40
May 17 74% Jan. 14=! 45% 78%
45
May 25 90% Mar. 8 33% 89% and 4 84% for demand ; cable transfers, 4 84^.
For domestic bills the following were rates on New York at the
99% Jan.
2 116
Mar. 29 75
100%
113
June 2 152
Jan. 26; 111% 134%
undermentioned cities to-day: Savannah, buying
selling
66% May 25 85% Mar. 27 34% 82%
99
May 10 107% Mar. 29 74% 102% % premium; Charleston, buying % .discount, selling % pre¬
87% July 9 97
mium; New Orleans commercial, 100@150 premium, bank 250
Mar. 31 49% 94%
104
Feb. 10 113%
July 23 76% 108
premium
; Chicago, par to 50 offered ; Boston, par.
100% June 11 204
June 8 119
150%
Quotations
for foreign exchange are as follows :
9% May 11 25% Jan. 26
5
28
....
36,162
2,300
1,619,227 1,171,303
-Jan. 1 to latest date.1880.
1879.
Range for
Missouri Kan. A Tex.
71,835
Morris & Essex
4,770
Nashv. Chatt. & 8t. L.
23,700
N.Y. Cent. A Hud.Riv
25,520 122
N.Y. Lake E. A West. 277,310
30
Do
do pref.
47
17,798
Northern Pacific
20
3,725
Do
pref.
6,852
39%
Ohio A Mississippi..
20,340 23
Pacific Mall
35,185
27%
Panama
168
Phila. & Reading....
9,230
13%
St.L.IronMt.ASouth.
.
73% 74%
69% 73%
18% 18%
21% ♦19%
*19% 21%
112% 113
113% 113%
124% 124% !24% 125 124% 124% 124% 124%
79% 81% 81% 82
80% 82% 83
84%
104% 105% 105% 100
105% :or 100 106%
92
93
93
94
94% 92% 94
94%
Do
pref.
111% 111% 111% 112% !12% 113% 113
113% 113% 113%
C.R.I.&P.new 1O0«1O0% 107
107% 107% 108% 108 109
107% 108 108% 108%
Ch.St.L.&N.O. 28% MX 31
31
31
31
30
31
Ch.St.P.M.&O
41
41%
41
41%
40% 41
41%
Do
pref.
75% 75%
76
76
77%
76% 76%
Cl6T• C. C. & I.
70
70
09% 70
69% 09% 68% 08% 68% 09%
Col.Chic.&I.C.
10% 17% 17
18% 17% 18% 16% 17% 17% 18%
Del.&H.Canal
78
80
80% 79%
81
79% 81
81%
Del.Lack.AW. sox sox 80% 82% 81%
83
82% 84% 84% 85%
Denver* R.G. 62% 02X 63
05
04
00
65
67
08
67%
07% 09
Han. A St. Jo..
85r
33% 35% 33% 35
'■£7A 72
35% 35% 35% 34% 71'
34% 35%
Do
pref. 71
71% 72% ,70%
71% 70% 71% 71% 72
Houa.ATex.C. *.... 60
00
64% 04% *60
05%
Dllnois Cent.. 107% 107% 107% 107% 107% 107% 107%
107% 100% 100% 106% 107“
Lake ErieAW. 29% 29X 29% 30
29% 30
30
29% 30
29% 30
31%
Lake Shore.... 105% 100% 106% 107% 106% 107%
100% 107% 105% 107% 107% 107%
125
125
LouIsv.ANagh 122
133
4123 126
122
122
*xl!8% 25 121% 122
Manhattan....
30
31
30% 30
25
25% 23% 25%
30% 21
Mar.AC.lst pf.
8%
9
Do 3d prf.
0
g
0
0
e“ *6*
Mich.Central,. 89% 91% 91% 92% 91
91% 93% 91% 92% 92% 93
MoblleAOhio. 20% 23
22% 23% 22%
21% 23
21% 21% *22
22%
Mo.Kang. AT.
38
37% 37% 38%
37
38% 37
38% 38% 39%
Mor.A Essex.. 105
105
105% 105%
100% 106 100% 100 100 100% 100%
Kash.Ch.AStL 63
67
07
65% 70
67
68
07% 60
60% 07
MewCent.Coal
25
24% 24%
29
29
N.Y.C.AH. R. 130
132
182% 131% 132%
13i% 132% 130% isi% 131% 132
M.Y.L.E.AW.
42% 43% 43% 4343% 42% 43% 41% 43% 43% 43%
Do
pref. 69% 71% 70% 71
71
71% 70% 71% 70
71% 71%
A W. 20% 20% 20% 20%
28
27% 28% 27
37% 27% 28%
Northern Pac. 27
27
27% 27% 28
28
27%
27%
28%
Do
pref. 49
49%
49% 49% 50% 49% 49% *>% 51%
Ohio Central..
21
21%
21% 21% *20%
21% 22
Ohio A Miss... 32% 33% 33
33% 32% 39
32% 33% 32
33% 33
34%
Do
pref.
72% 72%
73
73
Pacific Mail... 4i‘
41% 41% 42
41% 4i% 41% 42
4i”
42
42 * 42%
Panama
*178
*178 181
Phil. A Read’g 17% 17% 17% 18“ 18“ 18“
17% 18% 17% 18
18% 18%
Q...May..
Chic.Cl.Dub.AM.4thwk Apr
16,883
8,175
Chic. A East. HI..2d wk July
24,257
14,305
Chic. Mil. A St. P.2d wk July 216,000
171,805
Chic. A Northw..Jime
1,653,000 1,393,087
Chic.8t.P.MinA0.2d wk July
24,909
17.485
Chic. & W. Mich..2d wk June
13,056
10,582
/>
18.359,302
18,190,787
Circulation. Agg.Cflear.
12.085.890
12,093.024
12.219.634
12,208,661
12,203.979
12,180,901
38.537.910
42,048.139
41,410,008
40,852,023
34,654,644
30,599,202
July
THE CHRONICLE.
24, 1880.]
New York City Banks.—The
following statement show*
City for the
ending at the commencement of business on July 17, 1880.
BOSTON) PHIL408LPHI.4)
the condition of the Associated Banks of New York
week
Capital. Loans
and
discounts.
Specie.
*
$
Tenders.
Circula¬
other
than U. S.
tion.
New York & New England...
Northern of New Hampshire *97
133
Norwich * Worcester
41
egdensb. & L. Champlain
do
pref
Old Colony
26k
25*
.
78
114
..
New York
Manhattan Co...
Merchants
Union
America
Phoenix
City
Tradesmen’s
9.756.600
6,758,000
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
22314..987056640
Mechanics’..
$
285,000
3,056.600
1,950,000
8.145.600 2,04*,700
6,924.000 1,115,000
4.555.900
697.100
8,088.500 2.209.900
819.000
2,888,000
8.131.500 4,219.100
3.204.400
516.500
1.713.100
341.900
479.000
410.700
426,000
442.600
673.800
79,500
142,000
I
10,516.000
6,323,000
7.792.500
5,096,000
3,896,000
0.701,900
2,999,000
300
555,800
267,000
Specie
Legal tenders
The
following
are
Loans.
M
the totals for
Specie.
1879.
S
Dec.
6....273,101,100
‘
890.700
180,000
800,000
430,000
45,000
“
$
$
54,771,000 14,673,200
13-•••275,750,tOO 54,069,400 13,403,900
20....278,098,100 50,842,900 12,543,400
27....277,5S4)20° 48,638,200 12,089,700
441,800
446,000
450,000*
180,000
1,089,900
530.100
223.100
224,300
810,000
1,486,000
45,000
90,000
450,000
798.600
209,000
223,000
180,000
154,800
follows
Deposits.
$
16,437,900
204,404,200
10,686,000 267,128,100
15,505,500 271,6(11,000
14,108,000 271,012,800
12,130,400 271,483,400
11,652,400 270,381,000
11,555,100
264,538,200
$
1
23,255,100 850,8*0.848
23,463,800 722,603*380
23,051,900 660,418,518
28,732,900 586,014,073
743 125,081
772,270,805
21,683,200 720,978,130
21,599,600 683.453,357
21,282,200 795,314.114
21,174,000 725,410,855
21,002,100 895,014 025
20,967.100 827 801 840
20,975,800 748,481,804
54,773.800 11,272,500 260,340,500 20,995,200 644,453>07
53,669,300 10,847,500 259,306,800 20,981 000 771 019.670
10....^,470.900 52,023.000 11,935,900 256,207,800 20,987,900 810 774,898
17....284,250,800
24....278,886,200
-Mav
1....280,436,300
8....281,137,700
50,050.800 13,806,000 253,519,800 20,843,000 849,817 403
48,983,600 15,432,100 248,896,700 20,012,800 720 947,840
49.400,500 17,014,000 252.572,200 20,646.200 697,435,051
53,391,500 17,257,100 256,323,000 20,572,900 790.386 569
‘
“
££•••-£78,574,200 56^8.000 19,229.300 261,075,900 20,498,400 867,632 049
22....272,250,800 58,831,900 21,669.500 258,325,700 20,304,000 759,515 331
59,271.700 22,547.400 262,782,600 20,238,100 795,090,073
June 5....276,056,000 61,109.000 21,934,800
266,839,000 20,059,900 039 336 131
12 ...279,265,700 63,192,700 22,221,300 271,628*500 10,682.500 737 534 533
4
“
19....286,075,100 64,450,000 22,084,300 278,140^700 19,094.900 010,148 241
“
26....285.905,100 65,210,100 21,715,800 277,770,800 10,620,000 607,558 981
July 3....201,784,300 66.108,600 20,684,600 283,078,300 19,572,000 711
472 517
*; 10....293,428,500 70,822,100 19,624,800 290,714,700 19,525,800 452,751,881
“
17....292.309,500 70,015,500 20,915,400 292,238,500 19,488,700
500,486,032
Note—With December 27 the Grocers’ Bank disappeared from
the list.
“
‘
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
Bid. Ask.
8SOUB1TIS8.
Old
Old
BOSTON.
Albany 7s
•
• •
-
•
...
do
7s
Fort Scott & Gulf 7s..
Hartford A Erie 7s
Ann. City Top. & W M 7s, 1st.
do
do
7s, Inc..
K. City Lawrence A So. 4s...
Kan. City. St. Jo. &C.B. 7s.
Little R’k A Ft. Smith, 7s,1st
New York A New Eng. 7s....
Qgdensburg A Lake Ch.8a...
......
.
*
93k
....
.
*
•
•
•
•
• •
•’
•
....
-
*
1
43k
116k
91
03
113
V»k
•
,ttt
♦
109
43
ii2k
STOCKS.
....
Eastern, Mass.,4*8,new.
Fitchburg KR., 6s
Colony, 7s
Colony, 6s.
....
•
do
6s
Boston A Lowell 7s
do
6s
Boston A Providence 7s
Burl. A Mo., land grant 7s
115
do
Nebr. 6s
Ex 109k
do
Nebr. 6s
:02k
Conn. A Passnmpslc, 7s, 1897. liok
Bid. Ask.
Omaha * 8. Western, 8s
Puablo * Ark. Valley, 7s...
Rutland 6s,ist mort
Vermont * Canada, new 8s..
Vermont * Mass. RR., 6s
Atch. & Tcpeka 1st m.7s
118
do
land grant 7s 110k
do
2d 7s
118
do
land Inc. Ss..
Boston & Maine 7s
iai
Boston as
SECURITIES.
02
Atchison A Topeka
Atchison * Nebraixa
Boston * Albany
Boston * Lowell.
Boston A Maine
Boston * Providence
Cheshire preferred
Chic. Clinton Dub. * Min....
Cln. Sandusky * Clev
Concord
Connecticut River
Conn. * Passompslc
Eastern (Mass.)
Eastern (New Hampshire)...
Fitchburg....*.
Fort Scott * Gulf, preferred
stocks.X
Csnsden A Atlantic.
ao
do
pref
Catawlssa
119k
82
do
do
Har. P. Mt. Joy A
145k
92
132k
137
78
13
88
145
35k
81
*
81*k
do
111k nik
common.
K-C. Law. * Sonthern.Ex.R 78
ywk 100
111
111k Little Rock * Fort Smith.... 45k
102
Manchester * Lawrence.... 145
do
Lehigh Valiev.
pref.
52*
52k
53k
101
48k
55*
13k
Pennsylvania
Philadelphia* Erie
Pnlladelphla A Reading
160*
Philadelphia A Trenton
00
Phtla.Wflming. A Baltimore.
PittsburgTltusv.& Buff..... 18k
55k
“9k
162
35
4k
pref...
Susquehanna
RAILROAD BONDS.
Allegheny
‘
Vai., 7 3-10s, 1896...
do
is, E. ext., 1910 106
do
Inc. 7s, end.,’94.
Belvldere Dela. 1st m., 6s, 1*02. *115
120
30
2dm. 6s.’85.. 107
3dm. 6s,’87.. 103
do
do
Camden AAmboy 6s,coup,’83
do
6s, coup., ’89
do
mort. 6s, ’89
Cam. & Atl. 1st m. 7s. g., 1893
2d m. cur. 7s, le79..
4o
Cam. * Burlington Co. ®s,’97.
Catawlssa 1st, 7s, conv., ’82...
do
chat. m.,10s,’88...
do
new 7s 1900
105k
106
114
.
ii8
Lehigh Valley, lst,«s,cp., 1898
do
do reg., 1898... ii7k
do 24 m. 7s, reg., 1910.. 120
112
con. m., 6s,rg.,1923
do
112
do
do
6s,ep.,19<3
Little Schuylkill, 1st m.7s’82 105
North. Penn. 1st m. 6s, cp.,’85. 105
do
2dm.7s,cp.,’96. 110
do gen. m. 7s, cp., 1903. 113k 114
do gen. m. 7s, reg., 1903 114* 115
Oil Creek 1st m. 7s, coup.,’82. 99
Plttsb. Tltusv.* B.,7s,cp.,’96
1906
....
101
112
120
112k
112
104k
105k
90
103
109k 110
IT
In default, t Per share.
§ Con. to Jan., "77. funded.
121
123
120
102
ii*4*
Phila. Newt’n * N.Y.. 1st m.
Phila. * Read. lBt m. 6s, ’43-’44 102k
do
do
’48-.49.
do
2d m., 7s, cp.,93.
•
103
83
90
106k
no
104k
104k
102k 103
140
»ik
94
90
00k
80
107
105
98
107
108
11 H
107
112
10T
108
110
111
110
113
115
117
119k
119k
ink
199
120
106k 107
Wash. Branch. 100 150
Parkersb’g Br..50
Northern Central
50
Western Maryland
Central Ohio
50
50
BAILBOAD
33k
34
9
38k
BONDS.
Balt. * Ohio 6s, 1885,A.&O.
108k 109
N. W. Va. 8d m.,guar.,’85,J&J 103
Plttsb.* ConnelTsv.7s,’98,J*J
Northern Central 6s. ’85, J*J
6«. 1900, A.&O.
do
do 6s, gld, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90,M.A 8.
W. Md. 6s, 1st m.,gr ’90.J.&J.
do
1st m.f i890, J. * J....
do 2dm.,guar., J.* J....
2d m.,pref
do
do 2d m.,gr. by W.Co.J&J
115% 110k
107
113
.110
110
110k 112
108
114
107
114
20
110
114
112
100k
IP
CINCINNATI.
114
H.&B.T. 1st m. 7s,gold, ’90. ....
do
1st m. 7s, fd. g.’89
do
2d m. 7s, gold, ’95. 108
do
2d m.f‘.scrip g.,7s
do
3d m. cons. 7s,'95*. 59*k 60
Ithaca* Athens 1st g d, 7s.,’90
Junction 1st mort. 6s, ’82.
io*5k
2d mort. 6s, 1900
do
do
103k
do
8i, 3d, J. * J
34
Union RR. 1st, guar., J. * J.. no
do
CanLonendorsed.no
110k
....
84
.
East Penn. 1st mort. 7s, ’88 ..
El.* W’msport, 1st m., 7s, ’80. 109
83
do
5s,perp
105
—
Harrisburg 1st mor*. 6s, ’83.
Pennsylr., 1st m., 6s, cp., ’80..
do"
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910.
do
cons. m. 6s, rg., 1905.
cons. m. 6b. cp., 1905.
do
do
Navy Yard 6s, rg,’81
Penn. Co., 6s. reg
Perklomen 1st m. 6s,coup.,’9i
Phila. * Erie 1st m.6s, cp./8J*
do
2d m. 7s,cp.,’S8.
82k
114
102
6s, 3d in., guar., J.* J
Mar & Cln. 7s, ’92, F. A A,...
I09k 109
do
2d' M. & N
60
106
113
119
.
lstprtf
pref
2d
do
o
111
Connecting 6s, 1900-1904
Chartlera Val., 1st m. 7s,C., 1901 106k
Delaware mort., 6s, various..
110
Del. * Bound Br.,lst, 7s, 1905
Scrip
Pa.*N.Y.C.* RR.7s,1896
115k 110
107
103
120
Par.
100 154
117
Pittsburg A Connell8vllle..50
89k
50
do
pref
Pennsylvania
do
BAILBOAD STOCKS.
no
.
Schuylkill Navigation
6b, 1890, quarterly...
6s, park, 1890, Q.—M.
6s, 1893, M.&S
6s,exempt,’HS.M.&B
6s, 1900, Q -J.
6s. 1902, J. &J
as, 19,6, new
Norfolk water, 8s
do
do
do
33k
Morris
do
do
do
do
do
do
do
Balt.* Ohio
pref.
Delaware Division.
Lehigh Navigation
6s, exempt, 1887
do
6», 1890, quarterly..
do
5s, quarterly
Baltimore 6s, iS34, quart
do
6s, ,886, J.* J........
!2X
ftt. Paul & Duluth R.R. Com
do
do
pref. 101
United N. J. Companies
West Chester consol, pref....
28
West Jersey
?
Chesapeake * Delaware
P.B.,’96.
ao
50*
do
108
117
Maryland 6s, defense, J.ft J... 105k
..
Nesquehonlng Valley
70
21
8chuylk. Nav.lst rn.6s.rg.,’97.
do
2d m. 6a, reg., 1907
do 6s, boat*car,rg.,1913
do 7s, boat*car.rg.,19;5
Susquehanna 6s. coup.. I9i8 .*
BALTIMORE:.
40
30
9*
Little Schuylkill....,
Mlnehlll
Norristown
North Pennsylvania.
6s
Chesap. & Dela. 1st 6s, rg ’86
Delaware Division 6s, cp./?8.
Lehigh Naviga. m., 6s, reg.,’84
do
mort. RR., rg ,’97
do m. conv. g., reg.,’94
do mort. gold,’97....
do cons. m.7s, rg., 191!
Morris, boat loan, reg., 1885..
51
Huntingdon* Broad Top...
do
!04k
CANAL BONDS.
Lancaster.
do
..
do
cons. 0s, 1909
Western Penn. KB. 6s,cp. 1899 105k
33
pref..
114*k
*00
6s, 1903
do Imp. m. 68 g., 1897...
ao conv. 7s, 1893
do
7s, coup, off, ’93
Phil.*R.Coal&Iron aeb. 7s,92
Pennsylvania 6s, coup., 1910..
95
Pennsylvania
Elmira * Williamsport.......
East
do
85
25
5
39
do
pref.....
do
new pref
Delaware A Bound Brook....
CANAL STOCKS.
Circulation. Aaa. Oltar.
247,030,100
247,559,200
246,118,000
242,062,200
...
railroad
:
Inc. $1,523,800
Deo.
87,100
17.143.500 257,483.700 21,002,900
18,580,000 259,075,900 21,529,900
L.i2Z—*S&§&700
April
3 ...290,639,500
‘
„
3.900
3....270,706,200 48,282,100 12,723,500 242,087,100 23,748,600
10....270,110,100 51,473,500 14,097,800 246,995,000 23,812 900 604,107,943
657 095 200
A?-•••276,990,900 53,558,600 15,914,200 253,731,900 21,635,900 787 728 193
51,832,200
31-...283.194.500 50,312,800
Feb.
7....290,381,600 52,994,600
54,740,500
59,887,200
*■
26....293,545,000 57,413.300
Mar. 0....297,135,500 58,055,000
57,927,900
‘
20....294,407,400 55,440,100
«
208,200
22
42
West Chester cons. 7s, ’91.
114k 117
West Jersey 6s, deb.,coup.,’83 99
do
1st m. 6s, cp.,’96. 110
do
117
l8tm.7a,’99
00
5s, reg. A cp.,1913.
6s,gold,reg...
7s,w t rln,rg.&CD. 181* 125
109
7s, str.imp., reg.,*83-86. 106
N. Jersey 6s, reg. and coup...
do
exempt, rg. A coup.
Camden County 6s, coup
Camden City 6s, coupon
125
do
7s, reg. A coup.
Delaware 6s, coupon
Harrisburg City 6s, coupon.. 101
do
io
do
do
1,125,000
45,000
5,400
cons.m.6s.g.r.l911.
gen. ra.
United N. J. cons. m. 6s, ’94..
Warren & F. 1st m.7s, ’96.
Pittsburg 4s,coup., 1913....
Ask.
Syra.Gen.* CornV,l8t,7s,1905
ib*5
Texas * Pac. 1st m ,6s, g.,1903 103k
104k
do
cons. m.,6e,g.,1905
90
do
inc.&l. gr.,78 1915 56
Union* TUubv. 1st m. 7s, ’90.
80
113
6s,n.,rg..priorto’95 118
do 6s, n.,rg.,1395* over 124
IC0
do 4s, various
Allegheny County 5s, coup
Allegheny City 7s, reg.....
1,328.500
780,300
6s, old, reg..
do
do
35,900
585.000
446.000
series of weeks past:
a
L. Tenders.
lOwvt
Jan.
are as
Dec. $1,119,000 I Net deposits
Dec.
200,000 | Circulation
Inc.
1,290.8001
6s, In. Plane, reg.,1879
Philadelphia, 5s reg
do
uu
479.100
4,600
6s, 10-15, reg.,U77-’82. 100
6s, 15-25. reg., 1882-’92. 106
do
do
180,000
2,700
Bid.
do
deb. 78. cps.off
do mort., 7s, 1892-3
Phila. Wllm. * Balt. 6s, ’84....
Pltts.Cin.*St. L. 7s, cou.,1800
do
do
7s, reg.,19<X)
Shamokln V.& Pottsv. 7s, 1901
8teubenv. & Ind. 1st, 6s, 1884.
Stony Creek 1st m. 7s 1907
Sunb. Haz. & W.,lst m.,5s,’23.
Sunbury & Erie 1st m. 7s, ’97..
STATE AND OITT BONDS.
250,500
60,475,200 292,309,500 70.015,500 30,915,400 292,238,500 19.488.760
Loans and discounts
54
Penna. 5s, g’d, int.,reg. or cp
do
5s, cur., reg
do
102k
5s, reg., 1S82-1892
do
5s, naw, reg., 1892-1902 113*
659.100
098,300
.
The deviations from returns of previous week
26k
*53
PHILADELPHIA,
783,800
SEOTTBITIBS.
do
1,100
....
Total
Vermont A Massachusetts..
Worcester* Nashua
Seventh Ward...
Central Nat
86*
Rutland, preferred
44,500
111
Etc.—Continued.
Phil.* Read, dcben., cp.,’93* 44
do
do
10
cps. otr.
do
20
scrip, 1882
do
In. m. 7s, cp,1896 38
do cons. m. 7s, cp.,191!.. 111
do cons. m. 7s, rg.,1911.. 112
do
Portland 8aco A Portsmouth 110
114
Pullman Palace Car
495,000
10.659,400
68.900
1,000,000
2.249.400
Fulton
352.800
600,000
1.363.800
Chemical
300,000 12.096.10G 3,145.800
493.800 12.382.100
Merch’nts’ Exch. 1,000,000
4.144.500
222.200
638.500
3.494.800
Gallatin Nation’l 1,000,000
4.169.900
331.400
259,000
2.893.200
Butchers’&Drov
1.397.500
61,400
300,000
303.700
1.363,000
Mechanics’ & Tr
890,000
95,000
108,000
200,000
874,000
Greenwich
994.700
200,000
18,300
235.500
941,800
Leather Man’f’rs
2,918,000
600,000
314.700
290,400
2.232.900
895.500
71.000
300,000
150.400
850,500
tate of N. York.
3.398.500
800,000
557.200
94.900
2.762.800
American Exch.. 5,000,000 14,007,000 5,807,000
607.000 14,479,000
Commerce
5,000,000 11.424.600 6,013,300 1,442.200 10,154,600
5,725.000
408.300
1,000,000
590.500
Broadway
4.592.400
Mercantile..#..... 1,000,000
8.747.100
813,800
298,100
3.762.000
Pacific
2.155.200
524.300
422,700
231.700
2.203.000
Republic
5.488.200
237.500
577.300
1,500,000
3.233.500
Chatham
450,000
3,332,000
235,000
941.100
3.854.500
People’s
1.276.100
110.900
109.600
412,500
1.234.300
North America..
2.657.300
700,000
175,000
126,000
2.527.200
Hanover
7.436.300 1.199.500
1,000,000
638.300
7.245.700
Irving
2.836.100
615.300
500,000
372.700
2.931.800
Metropolitan
3,000.000 11,857.000 3.628.000 1,249.000 13,464,000
Citizens’
1.882.400
600,000.
825.900
219.700
1.980.500
Nassau
2.325.400
137.300
1,000,000
120.300
2.100.800
Market
2.425.400
644.400
500,000
110.300
2.118.700
fit. Nicholas
2.328.900
500,000
518.400
105.700
2.127.200
Shoe & Leather..
3,157,000
500,000
821,000
119.000
3,381.000
Corn Exchange.. 1,000,000
4.121.100
83.000
287.500
2.039.000
Continental
5.411.200
1,000,000
300.200
1.344.400
5.741.500
Oriental
1.513.300
300,000
32.900
265,000
1.458.200
Marine
3.639.000
400,000
941.000
106.000
4.234,000
Importers’ & Tr.. 1,500,000 19,065.800 5.581.900
058.000 22,159.000
Park
2,000,000 16,081,600 2.700.500 2,230.000 19.396.00C
Mech. Bkg. Ass’n
755.800
500,000
140.400
82.800
659,000
North River
902,400
240,000
29.100
98.200
993.100
East River
995.800
113.200
250,000
95,000
778,700
Fourth National. 3,200,000 15.688.500 3.644,300 1,141.900 15,606.800
2,000,000
8,953,000 1,584,000
879.000
9,031,600
econd Nation’l.
2,488.000
300,000
493.000
240,000
2,848,000
Ninth National..
4.766.000
750,000
445.000
910,000
5,180,000
First National..
500,000 12,955.000 3.837,200
602,000 13.999.100
Third National.. 1,000,000
9,078,200 2.446.400
890,000
9,904.000
N. Y. Nat. Exch..
1.349.400
.300,000
101.500
147.300
998.200
Bowery National
250,000
1.389.600
30.000
321.000
1,230,000
N. York County..
200,000
1.193,700
13.400
377.700
1.430.700
Germ’nAmeric’n
750,000
2.109.200
590.700
129.200
2.240.800
Chase National..
800,000
3.145.300
636,000
803,000
8.405.900
Fifth Avenue....
100,000
1.577.300
199.900
87,300
1.494.800
Ask.
110
Nashua is Lowell
Net depVs
Legal
Bid
uomimis.
Average amount of
Batiks.
91
Cincinnati 6s, long
do
7s
do
7'30s
do
South. RR. 7‘SOs
do
do
6s, gold.f
Hamilton Co., O., 6s. long...+
do
7s, lto5yrs..t
do
7 & 7'30s, long.-f
CIn.& Cov. Bridge st’k, pref.
Cln. Ham. * D. cons.6s, 19 6 +
do
7s, 1905 t
do
2dm. 7s, ’85 f
Cln. Ham. * Ind., 7s, guar. .1
Cln. * Indiana 1st m. 7s
+
do
2d m. 7s, ’77. .4
Colum. & Xenia, 1st m. 7s. ’90
Dayton * Mich. 1st m. 7s, *814
do
2d m. 7s,’84.+
do
3d m. 7a, ’88+
Dayton * West. 1st m., ’81...+
do
1st m., 1905.1
do
1st m. 6s, 190.) iyria
Ind. Cln. & Laf. lstm.7s....+
do
(I.&C.) 1st m.7s,’88+
Little Miami 6s, ’83
t
Cln. Ham. * Dayton stock...
Columbus * Xenia stock
TAl
Dayton * Michigan stock....
do
8. p.c. st’k, guar
Little Miami stock.
LOUISVILLE:.
Louisville 7s.
do
6s,’82 to’87
do
6a,’97 to ’98
do
do
do
+
+
water 6s,’87 to ’89.+
water stock 6s,’97.+
wharf 6s
1
do
spec’l tax 6s of ’89.+
Louisville Water 6s, Co. 1907 +
Jeff. M.AI.lstm. (I&M) 7b,’81+
<fo
2dm., 7s
1
do
1st m., 7s, 1906—+
Loulsv.C.&Lex. 1st m.7s,’97t
Louis.*
Fr’k.,Loui8V.ln,6a,’8‘
Loulsv. & Nashville—
Leb. Br. 6s ’86
+
1st m. Leb. Br. Ex. 7s,’80-85.+
Lou. In.
do
6s, ’93.. .+
Jefferson Mad. * Ind. stock,
t And Interest.
105k
105k
105k
103
•
•••
100
112
10S
&
io5:
102
92
rHE CHRONICLE.
QUOTATIONS OF STOCKS AND
U. 8. Bonds and active Railroad Stocks
are
quoted
previous
on a
Ask.
Bid.
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s
Class C, 2 to 5
Arkansas—0s, funded
7s, L. Rock & Ft. Scott iss.
7s, Memp. & L. Rock RR.
7s, L. RP.B. & N. O. RR
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
Connecticut—6s...
Georgia—0s
7s, new
7s, endorsed
7s, gold
Illinois—6s,coupon, 1879...
59
...
....
....
74”
••••!
10
;;;•(
1
::::
•
•
•
•
do
u'6%
War loan
Kentucky—0s
....,
....
6s,
RAILROAD
tst m., 1. &
ist m., I. &
1st m., C. &
100
§44
62
•
Cedar Falls & Minnesota..
Chicago & Alton, pref
Cto. Ind. St. L. & Chic
Clev. & Pittsburg, guar...
64”
•
120
Dubuque & Sioux City
Frankfort & Kokomo
Harlem
Ind Bloom. & Western
Intern’1 & Gt. Northern
Keokuk & Des Moines
do
do
pref
Long Island
Loulsv. N. Alb. & Chicago..
180
.
i
.
::::
118*'
do
do
§5%
§29%
40'
2d mortg., ext’n 5s. 1919.
3d mortgage, 7s, t883
4th mortgage, 7s; 1880 —
5th mortgage, 7s. 1888
1st cons, gold 7s, 1920
54
Long Dock bonds
Buff. N.Y.& E, 1st m., 1910
N.Y.L.E.&W.,n.2d,con.,6do 1st, con., f, cp.,7t
....
do
2d,con.,f.cp.,5s,0?-
....
....
1st mort., West. Div., 7s.
1st mort., Waco & N., 7s.
2d C., Main line, 8s
2d Waco & N., 8s
Inc. and ind’v, 7s
11.Cent.—Dub.&Sioux C.lsf
Dub. & Sioux C., 2d div...
Cedar F.& Minn., 1st m.
Coal
Pullman Palace Car...,
Quicksilver
12%
59%
do
pref
3ilver Cliff Mining
'
§26%
I
130
115
*100
I
f., 7s.
Cleve. & Tol., sink. fund..
do
....
38%
102%
0794
39
121
*100
106%
105%
do
do
m...
113%
102
113
Miss.Riv.Bridge,lst,8.f,6t,
....
Central of N. J.—1st in., ’90
1st consolidated
do
assented,
Convertible
assented
Adjustment, 1903
Lehigh & W. B.,con.,g’d..
assent’d
Am. Dock & Impr. bonds.
assented
do
Chic.Mil.& St.P.—lst.8s,P.D
119%
97
117
103%
cons,
cons,
coup., 2d.
reg., 2d .
2d mort., 7s, gold
Cecilian Branch, 7s
Nashv. & Decatur, 1st, 7s.
””
*102
119
bonds.
108*4''
113*4; 11344
....
127
1104
■•108*41
105k 100*4
110
112
122*4 122k
116
120
118
123k
*8994
86
I
105k!
....
....
113k 114k
100
108
109%
108%
107k
110
121
96k
]
120
120%
98%
120
123*4
122*4
116k 117”
117
*104
104
*
108
109
!]
1
J
1
....
auu accrued
1
»*nol
interest.
•
•
....
..1
..
...
....
s.
109%
110
V
103%
—
1stm., 6s, ’95, with cp.ctfs
1st m.. 6s,’96,
do
Den. Div. 6s ass. cp.ctf...
2d
3d
m.
m..
Cleve.& Pitts., consol., s.f.
do
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do 1st Tr’t Co.ctfs.ass.
do 2d
do
ass.
do 1st
do
suppl.
Arkansas Br., 1st mort ...
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St. L. Alton & T. H.—1st m.
2d mortgage, pref
do
* income
Belleville & So. Ill., 1st
89*4
m.,7s,’93,ex
Q.
& Tol., 1st, 7s, ’90,ex
I11.& So.
la., 1st m.7s,ex
cp
cp.
cp
Hannibal & Naples, 1st 7s
St.L. K.C & N.R. E.& R.,7s
Omaha Div., 1st mort., 7s
Clarinda b.,6s, 1919
St.Chas.B’dge,lst, 7s, 1908
North Missouri. 1st m., 7s
West. Un. Tel.—1900, coup.
1900, registered
Spring.V’yW.Works—1st 6s
Oregon R. & Nav.—1st, 6s..
coup, debt certs.
lnt.& Gt. Northern—2d Inc
Leh. & Wilkes B.Coal—1888
Lake Erie & W’n-Inc.7s,’99
Laf. B1.& Mun.—Inc. 7.1899
Mobile& O.—1st pref. deben
2d pref. debentures
3d
4th
do
do
N.Y.LakeE.&WJnc. 6s.l977
....j OFIn
Cnnt-a)—Inf*.. lOftO.
*
•
•
•
•
56
80%
100
105
Bost. & N.. Y Air-L—1st m.
Chic.&Can.So.—1st m.,g.,7s
106
40
101
45
Income bonds
Chic. St.P.& M’polis—1st, 6s
Land grant Income, 6s....
90
80
105% 106
•
95
80
80
Indianan.& Vine.—1st,7s, gr
Kansas & Nebraskar-tst m.
2d mort
Long Island—1st mortgage.
Midland of N. J.—1st, 7s, g.
Income,“A ”
do
.
lOO”
30<i%
103
102
85
103%
105
104
112k 115
85
109
109
75
107
•
T
64%
80
-
-
-
92
65
82%
135%
....
.125
;120
117
109
t
-
-
r
-
-
-
....
...
do
2d
N.Y. & Oswego Mid.—Stock
Convertible bonds
New Jersey So.—1st, 6s, new
St. Joseph & Pacific—lstm
2d mortgage
St. Jo. & western stock....
St.L.& S.E.—Cons., 7s, b.,»94
St.L. Vandalia& T.H.—1st m
2d mortgage, guar
South Side (L. 1.)—1st mort
Union & Logansport—7s....
U. Pac.—South Branch
....
eo ©.
....
•
•
....
21%
no
85
22
85
108k 110%
105
60
100
80
80
50
100
65
30
110
90
55
112
70
82
115
72%
69
15
17
9
50
20
7
42k
10
» »
87”
84”
75
35
i7k
10
114
106
98
102
90
«'
•
77%
40
18
20
115
no
100
105
100
69” Southern Securities.
(Brokers' Quotations.)
....
106”
STATES.
64
118
*
»
T
So.Carolina— Con.,
New imp’t cons
»
102% 102%
108
100
108
•
102
105
93
83
“B”
N.Y.&Greenw. L.—1st,7s, n.
-
101%
m.^g’d L.S.&M. S., 7s.
,.
109”
78
86
SO
RAILROADS.
Consolidated 8s
Stock
Galv. Hous.& H.—7s, gld,’71
Gr’nd R.&Ind.—lst,7s,l.g.gu
1st, 7s, Id. gr., not guar...
1st, ex. 1. gr.,78
6s (good)
90
98”
105
M.& S. + 103
Texas—6s, 1892
111
7s, gold, 1892-1910 J.& J. + 111% 112%
705% 105%
7s, gold, 1904
J.&J. +ii2k 113%
111
..
106%
90
Virginia—New 10-40s
•Fast-due Coupons.—
Tennesssee State coupons.
South Carolina consol
107
95
103%
Virginia coupons
107
do
96%
eT"
6+
70~
108
1
103% 10394
4.
•
.
•
40
101% 102
111
*
103
107
101
109
111%
-
-
-
116
Ala.&Chat.—Rec’rs ctf s.var
Atlantic & Gulf—Consol
Cent. Georgia—Cons, m., 7s
Stock
Charl’te Col.& A.—Cons., 7s
2d mortgage, 7s
East Tenn. & Georgia—6s..
E.Tenn.& Va.—6s,end.Tenn
E. Tenn. Va. & Ga.—1st, 7s.
Stock
103%' Georgia RR.—7s—
108
105
109%!
112
107% ids"
117
117%
6s
Stock
Greenville &
Col.—7s, 1st
m.
7s,
guar
Macon & Aug.—2d, endors.
MemphisA Cha’ston—1st,7s
2d. 7s
Stock
20
50
103
108
83
100
95
90
90
105
65
116
100
98
100
100
102
100
100
108
111
85
105
100
95
95
+97
117%; Mississippi Cent —lstm.,7s
no%- 117%
97~" 97%
80%
81
....
41%
65
60
40
r
rf0
64
03
60
68
7994
40
47
34
32%
32%
74%
2d mort.,
8s
Miss. & Tenn.—1st m.,
r
8s, A
1st mortgage, 8s, B
N. O. & Jacks.—1st m., 8s...
Certificate, 2d mort., 8s...
Norfolk & Petersb.—1st, 8s.
1st mortgage, 7s
2d mortgage, 8s
47% Northeast., S.-C.—1st m.,8s.
68
2d mortgage, 8s
71
Rich.& Dan.—1st consol-, 6s
06
Southw. Ga.—Conv., 7s, ’86.
Stock
63%
79%
45
40%
10
40
10
86
•
•
•
20
*
*
....
70
100
97
114
106
* No price to-day; these are latest quotations made this week,
40
RAILROADS.
131
130%
V
consol, coupons...
...
INCOME BONDS.
W’n-lnc., 1919..
108% ind’s Dec. & Sp’d, 2d Inc...
*
(Brokers' Quotations.)
1st
m.
St. P.& Sioux C.—1st 8s.1919
St. P. M. & Manit’a—1st, 7s.
2d mort., 6s, 1909
*t
*
....
85%
117% 118
108% 108%
90 ~ 90% Indianapolis & St.L.—1st, 7s
2d mortgage
108%
.
St.L. Va.&T.H., 1st g.7s,’97
do
2d 7s, 1898
do
2dgtd.7s,’98
Rome Wat. & Og.—Con. 1st.
St. Ji.&Iron Mount’n—lstm
2d mortgage
'
*
99k
97%
„
..
85
100
104% 105
m..
.
*
36
105
105
Atch.&P.P’k—7s,gld
108
do
do
.
*
*
—
1st m., Carondelet Br...
St.L. & S.F., 2d 6s. cl ass A.
do
3-6s, class C.
do
3-6s. class B.
.
*
....
....
80
106k Denver Pac.—lst,7s,ld. gr.,g
106
107
Erie & Pittsburg—1st m., 7b +100
103
Con. mortgage, 7s
97k 98%
85
7s, equipment
112% H2k
Evansv.
& Crawfordsv. -7s. 103
113k
Flint & Pere M.—8s, I’d gr’t 100
119%
120
do
do
*
Miscellaneous List.
105
117
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st
.
25
registered
112% 112% Chic.& Southwest—7s, guar
Cin. Lafayette & Ch.—1st m
105%
Cin.& Spr.-lst, C.C.C.&I.,7s
103%
Registered, 8s
Collateral Trust, 6s
Kansas Pac.~
Ind’s Bl. &
100
129”
1st m., Springfield div
Ohio Cent., 1st m., 6s, 1920.
do lst6s,Peirce,C&0
do Equipm’t 7s, ’95
South Pac. cf Mo.—1st ru.
Texas & Pac.—1st, 6s, 1905..
Consol. 0s. 1905
Income and land gr’t. reg.
1st Construction, 9s, 1930.
25
Funding 5s, 1899
02%
129
128
83
89
99
Sinking fund
38
116%
112k 113
m.
•
36%
6s, new
0s, new series
Virgina—6s, old
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series
0s, deferred
D. of Columbia—3’65s, 1924.
St.L.I.M.&S.—1st 7s,prl
2d int., 6s, accum’lative
f’d
1st consol. 6s
•
BONDS.
62%
Peoria Dec. & E’ville, 1st 6s
Pacific Railroads—
Central Pacific—Gold bds.
San Joaquin Branch....
Cal. & Oregon, 1st
State Aid bonds
Land grant bonds
Western Pacific bonds..
South. Pac. of Cal.—1st m.
Union Pacific—1st mort..
Land grants, 7s
•
Ask.
3%
5- "
Registered
109
Central of N. J.—1908
Chic.Sbii.&N.O.—2d m. 1907
105% 105%
60 k 66%
107
111k
101% 102%
109
ink
104
6s,
1887
Po
,
*129)4 131
128k
2d consolidated
999* loo" Cent. Iowa
121
1st mort., 8s, 1882, s. f
....
Ohio & Miss.—Consol,
Consolidated
Col.Chlcr&Ind.C.,inc.7s,1890
j]
....
nn"
lOO”
|]
104 ”
Non-fundable....
Tennessee—6s, old
Peoria Dec & E’ville—]
do
1st m., 7s, reg....
N. Y. Elevated—1st, 7s, 1906
N. Wisconsin—1st, 6s
Nevada Central—1st m. 6s.
do 2d
i2ik 122"
90
102
m., cp
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’85
Canada South., 1st, int. g
Harlem, 1st m., 7s, coup..
108% Tol.Peo.&WPur. Com. rec’pts, lst,E.D
75'
1st mortgage, W. D
62
Burlington Div
100%
1st pref. inc. for 2d mort.
lstpref. inc, for consol...
Wab. RR.—Mortg. 7s of ’79.
T.&Wab., 1st ext.78,
109
1st St. L. div.7s,ex mat.cp.
2d
mortgage ext., ex coup
H7k
Equipment bonds, 7s, 1883
121
Consol, conv., 7s
Gt. Western, 1st m., ex cp
104
....
’
...
111
107
104
AND
6s, subscription
N. Y. C. & Hud., 1st
128
103%
93*4) 95
123k 130
108
1
101%
...
Equipment bonds
103% ldi”
6s 1909
106% i 107% 1 lo.K.&T.—Cons.ass..1904-6
2d mortgage, inc., 1911
H. & Cent. Mo., 1st., 1890.
95% 95%
no
110
...
115k 1 17
105"
107%
120%
new
Cleve. P’ville & Ash., 7s
Buffalo & Erie, new bds...
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st.
Det.Mon.& 1\, 1st, 7s.’1906
Lake Shore Div. bonds...
do
cons, coup., 1st
do
cons, reg., 1st.,
10T"
-
....
mortgage
Income, 7s
...
I
110
100%
Mich S. & N. Ind., s.
91%
■»
-
72
08
2d
..
60k
109%
91%
*
z
Pacific RR. of Mo.—1st
1132
100
44
40
•
do
do
74
1st mort., 7s, 1900.
2d mort., 1909
5s, sinking fund
...
114^110
112k
Railroad Bonds.
m.
2d mort..
1st con., guar
Rens.& Saratoga, 1st,coup
do
1st, reg.
)env.& R. Grande—1st,1900
do
1st cons. 7s, 1910
Crie—1st mort., extended...
....
§34”
t
103% *
...
do
do
Oregon Railway & Nuv. Co. §115
liQVO UDUiiiiiii.
bonds, 1900
Albany & Susqueh., 1st
§2%
Ontario Silver Mining
Chic. Rk. I.& P.-0s, cp.,1917
0s, 1917, registered...
;108
.
N.Y.&BtraitsvilleCoal&Iron
m
””
.,
§9"
Montauk Gas Coal
7s, 1900.
Chic., 1st m
....
..
....
...
2d
j
11794!ll8
.
Mining
„
109
..
106%
Colorado Coal & Iron
Consolidation Coal of Md..
Cumberland Coal & Iron.
Deadwood Mining
Excelsior Mining
Gold & Stock Telegraph
Homestake Mining
LaPlata Mining
Leadville Mining
Little Pittsburg Mining
Mariposa L’d & Mining Co..
..do
do
pref.
Maryland Coal
Income
....
...
Caribou Consol. Mining
Central Arizona Mining....
Central N. J.Land Imp
do
107%
construct’n noi
do
7s of 1871. *113 !
1st con.,g’d..
do
109% 110*4
Del.& Hud.Canal—1st m.,’84 107 I
109
1st mortgage, 1S91
j
extended.
Ill
do
do
ni3%
Coup., 7s,’94
do
Reg. 7s,’94. 113
1st Pa. div., coup., 7s, 1917 118*4 118**
118
do
reg., 7s. 1917
101
Coal
Boston Land Company....
Boston Water Power
Canton Co., Baltimore
do
idi” 101%
103
120
2d mort
do
49
0s, currency, int. deferred
Chicago & Alton—1st n
104
^8
Sinking fund
Syr. BiL gh. & N. Y., 1st, 7s
58
Chic. Bur. & Q.—8 p.c., 1st
Consol, mort., 7s
I
..
7s, convertible
Mortgage 7s, 1907
100” 103”
Wells, Fargo & Co
American
do
8t. L. Jack. &
....
”. '.
107
Del. Lack. & W.— 2d mort.
115%
Stock Exchange Prices.
Balt. & O—1st 6s,Prk.b.l9
Bost. H. & Erie—1st m....
1st mort., guar
1
Coupon gold bonds
Morris & Essex, 1st m
American Express
United States Express
Sinking fund
Joliet & Chicago, 1st
108
....
." .* .' !
Adams Express
Pennsylvania
114%
111% 112
Galena & Chicago, exten. *106
Peninsula, 1st m., conv...
Chic. & Mil., 1st
Winona & St. P., 1st m.
....'110%
'
114
do
2dm....
C. C. C. & Ind’s—1st, 7s, s. f. 118
Consol, mortgage
*no%'m%
C. St.L.& N. O.- Ten. lien 7s *ioo j
1st con. 7s
107% 108%
....
Miscellaneous St’ks.
114
..
Stonington
Terre Haute & Indianapol
Texas & Pacific
do trust ccrti
do
(Doledo Peoria & Warsaw
United N. J. RR. & Canal
Warren
114%
registered..
Iowa Midland, 1st m., 8s.. *120
....
*
-
2”
STOCKS
Bid.
South Carolina08, Act Mar. 23,1869.
t
N. Y. Central—Continued.
114
do
no”
•
*
Ohio—6s, 1881
....110*4
11794
Registered gold bonds. .4.
5106”
f
•
2
Consol. 4s, 1910
Small
124”
Consol, bonds
Extension bonds
1st mortgage
....
Memphis & Charleston
M\ 1897
D., 1899
M., 1903
Con. sinking fund, 1905...
2d mortgage, 1884
1st m., 7s, I.& D.Ext.,1908
S.-west div., 1st 6s, 1909
1st 5s, LaC. & Dav., 1919.
1st So. Minn. div. 6s, 1910.
1st m„ H. & D., 7s. 1910...
Chic. & Northw.—Sink. f’d.
Int. bonds
” 206”
Metropolitan Elevated
86~
N. Y. Elevated
109
N. Y. New Haven & Hartf.
§105
N. Y. Ontario & West.,pref
Peoria Decatur & Evansv.
524%
Pitts. Ft. W. & Chic., guar §124
do
do
spec’l
Rensselaer & Saratoga
Rome Watertown & Ogd...
St. Paul & Duluth
do
do
pre
Climax
•
t
....
10k
10k
18%
18%
class 2
class 3
do
do
MISCELLANEOUS
Ch.Mil.& St.P.—Continued.
1st m., La C. Div., 1893....
Railroad Stocks.
A.&O
coup, off, J. &J.
coup, off, A.&O.
t
0s, 1886
AND
be.
par may
SECURITIES.
30
27%
Special tax, class 1
1893
do
Ask.
110
110
90
90
do
1868
New bonds, J. & J
do
A.&O
Chatham RR
York—0s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
0s, do 1892
*
30~
Carolina—6s, old.J&J
0s, old, A.&O
No. Car. RR., J. & J
Funding act, 1866
New
YORK.
North
do
do
do
1887..
do
Bid.
SECURITIES.
46^
0s, due 1886
6s, due 1887
6s, due 1888
6s, duo 1889 or '90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1886..
NEW
BONOS.
Ask;
Louisiana—7s, consolidated
Michigan—6s, 1883
7s, 1890
Missouri—0s, due 1882 or ’83
.
(Active previously quoted>)
Albany LSusquehanna...
Boston & N. Y. Air L., pref
Burl. Cedar Rapids & No..
B\<
SECURITIES.
IN
Prices represent the per cent value, whatever the
page.
STATE
SECURITIES.
BONDS
rvoL. xxxi.
34
75
47
S. Carolina RR.- j»t m., 7s.
Stock
7s, 1902, non-enjoined
Non-mortg. bonds
West Ala.—1st mort., 8s....
2d,mort.. 8s, guar
28
102
107
125
+98
108
108
100
100
100
127
117
102
105
95
103
5
70
106
75
119
102
105
105
no
108
100
30
129
102
112
112
f
*
*
*
f
*
t
••
no
100
to”
75
30
no
33
112
no
112
Western N. r.—1<at m., 7s...
i No quotation today; latest sale this week.
July
24, 1880.]
THE
CHRONICLE.
NEW YORK
LOCAL
93
SECURITIES.
Bank Stock List.
Insurance Stock. List.
Companies.
Capital.
Dividends.
Surplus
Price.
at
35
are not
HH
1 Amount
latest
dates. §
Period 1878. 1879.
[Quotations by E. S. Bailey, Broker,7 Pine
Street.]
Bid. Ask.
Last Paid.
Net
Capital.
Surplus,
Companies.
America4
KM 3,000,000 1,649.300 J.&J.
8
7m July, ’80. 3*4 140
AmrExchange 100 5,000,000 1.445,000 M.&N.
0
0
May, ’80. 3m 114
100
Bowery
250,000 202,000 i. & J. 11
10
July, ’80. 5
25 1,000,000 1,272.500 J.&J.
Broadway
10
10
July, ’8). 8
Butchers’* Dr. 25 300,000
92.700 J & t)
0
Ju y, ’80. 3*4
Central
100 2,000,000
434,800 J.&J.
7
*7
July,
80. 4
115
Chase
100
300,000
74,100
3
Mar., ’80. 3 132
Chatham.
25
450,000
J.
&
6
189,800
J.
0
Ju y, ’80. 3
Chemical
100
300,000 3,381 100 Bl-m’ly 100
100
July. ’80.15
25
Citizens’
600,000
170.400 J. & J.
0
6
July, ’80. 3*4
100
City
1,000,000 1,483,ro0 M.&N. JO
10
M y, 80.10
100 5,000,000 2,904,100 J.&J.
Commerce
8
8
July, ’80. 4
138
Continental.... 100 1,000,000 202,400 J. & J.
314 July. ’80. 3*4
Corn Exch’ge*. 100 1,000,000
922,500 F.& A. 10
10
Aug.
’80.
5
r
25
East River ...
250,000
70,300 J.&J.
§
3^
July, '80. 3*4
11th Ward4....
25
100,000
10,'.00 I. & J.
July ’70. 3
Fifth
100
150,000
43,800 J. & J.
0
6
July,
’80. 3
Fifth Avenue*. 100
100,000 220.100
310
First
100
500,000 2.184,700 Q-J.
12
120
July, ’80. 5
Fourth
100 3,200,000 1.061.30C J.&J.
0
0
July, '80, 3*4 115
Fulton
30
000,000 379,800 M.&N. 10
7
May, 80. 3m
50 1,000,000
Gallatin....
754,000 A.& O.
7
A pi., ’80. 4
7*4
137
German Am.'
75
750,000
81300 F.& A.
2*4 Aug,, ’80. 2*4
German Exch.' 100
200,000
00.800
5
5
May.
5
May,
’80.
Germania*..... 100 200,000
07,230
3
May, ’80. 3
.vJ5
Greenwich*
200,000
17.10U M.&N.
0
0
May, ’80. 3
Hanover
100 1,000,000
2S9,0';o I. & J.
7
7
Ju y, ’80. 3*4
Imp.* Traders’ 100 1,500,00*1 2.O09.2OQ J. & J. 14
14
July, ’80. 7
50
Irving
500,00-) 158.8)0 T. & J.
8
8
July, ’80. 4
Island City*... 50
100,000
7,500 J. & J.
3
Ju y ’80. 3
Leather Manuf, 100
600,000 441.800 J.&J. 11
8
July, ’80. 5
Manhattan*.... 50 2,050,000 105.800 F.& A
8
7
Feb., ’80. 3*4
Marine
100
400,000
127,800 J.&J.
3
July, ’80. 3)4
Market
100
500,000 295,000 J.&J.
7
714
July,
'80. 4 120
Mechanics’
25 2,000,000 1,032,100 J.&J.
8
8
July, ’80. 4
139
Mech. Assoc’n. 50
500,000
7rf,40u M.&N.
2
4
May, ’80. 2*4 75
Mech’ics & Tr. 25 200,000
41,800
2hi July, ’79. 24
Mercantile
100 1,000,000
188,100 M.&N.
0
3
May, ’79. 3
Merchants’.
50 2,000,000
740,500 J.&J.
7
6^
-Tufy, ’80 3*4
Merchants’ Ex. 50 1,000,000 170,100 J.&J.
5*4 July, ’80. 3
Metropolis4.
100
300,000
41,900 J.&J.
7
July, ’90. 3*4
Metropolitan.. 100 3,000,000 1,231,200 J. & J. 10
9
July, ’80. 5 144m
Murray Hill*.. 100 100,000
12
77,800
12
July, ’80. 3
Nassau*
100 1,000.000
5
60,700
5
M.&N.
May. ’80. 3
New Ycr*
100 2,000,000
802,100 J.&J.
7
8
July, ’80. 4
N. Y. Countv,. 100
200,000
8
47,300 J.&J.
8
Ju
y ’80. 4
N. Y. N. Exch. 100
300,000
88.500 F.& A.
8
7H Feb.. ’80. 3*4
Ninth
100
750,000
149,7u0
5
Julv, ’80. 3m
No. America4.. 70 j 700,000
100.900 J.&J.’ .*•••
*
*
Par.
*
•
•
•
•
•
#
■
•
»
*
•
•
•
®
e
®
a
t
Bowery
Broadway
Brooklyn
110
•
•
•
•
*
•
•
•
•
•
•
T
t
139m
*
«
'***
•
*
*
•
•
•
•
•
*
*
r
f
.
•
•
•
•
•
•
•
•
•
.
•
•
Firemen’s
•
•
*
*
•
■
*
*
.
*
Germania.
Globe
"
*
•
•
•
•
•
•
*
•
*
*
»
25
Pacific*'.
50
Park
100
People’s*
25
Phenlx
20
Produce*
50
Republic
100
St. Nicholas... 100
Seventh Aard. 100,
300,000
422,700
2,000,000
412,500
1,000,000
119,600
1,500,000
500,000
300,000
Second
1001 300,000
Shoe * Leather 100
•500,000
Sixth
100
200,000
State of N. Y.. 100
800,000
Third
100 1,000,000
Tradesmen’s... 40 1,000,000
Union
50 1,200,000
West Side*...., 100
200,000
....
......
aL7h^>
j?K*urT8
in this
and of date
June
08,000 J.&J.
183,100 J. & J.
July, ’80.
July, ’80.
Ju y, ’80.
Aug., ’80.
July, ’80.
July, '90.
To
223,500 Q-F.
534.300 J.&J.
130.400 J.&J.
218,000 J. & J.
10
0
8
0
714.900 F.& A.
133.000
it
0
-f
♦ *
58,800 J.
& J.
123.500 J. & J.
173,200 J.&J.
40.300 J.&J.
7
8
10
6
7
3
*
*
tft.
3
9
10
0
250
7
3
•
•
%
•
•
•
•
•
•
279.100 J.&J.
714
10
8
column
are of date June
12,1880, for the State banks.
July,
July,
M*y.
July,
7
8
12
.
*
*
*
*
*
*
.
*
146
150
""
.
109
105
98
•
•
t
3
•
•
•
•
3m
’80. 5
’80. 0
125
....
...
11,1880, for the National banks
Williamsb’g C
Street. 1
| Par.
*25
Brooklyn Gas Light Co....
CitIzena’Gas Co (Bklvn)
do
bonds..,
1,000
Harlem
Manhattan.
Metropolitan
do
certificates..
Mutual, N. Y
do
bonds
Nassau, Brooklyn
25
Va-.
100
10
scrip...
People’* ("Brooklyn)
Bond?
Eonds
Central or
1,000,000
115
67
105
75
July, ’80 150
160
June, >0 190
192
5
June, ’80 142 145
3m June. ’80 101
105
V4
75
80
103
104
55
Feb., ’80 50
3% May, ’80 95 100
4
June, ’80 xlOl 102
3*4 Jan., ’70 35
33
7
1997
95
100
6
1900
85
95
3
Ju y, ’80 50
60
1* July. ’80 69
72
6
1900
100
102
July, ’80 50
05
175
180
105
110
70
80
do
bonds
Pulton Municipal
750 000 M.&N.
‘ioo |l,50l,000j
,
I54
i.8..
•'B& 'o0
JS!fe '80
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker St. & Fult. Ferry—St’k
1st mortgage
& Seventh Av.—St’k
1st mortgage
Broadway
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn
..
& Hunter’s Pt.—St’k
1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Oentral Pk. N. & E. hiv.-Stock
Consolidated mort. bonds
Christopher & Tenth St.—Stock
Bonds
Dock E.B.& Batt’ry—Stock
consolidated
lstmortgage,
..
100
900,000 J. & J.
694,000 J.&J.
2,100,000 Q-J.
1,000 1,500,000 J.&D,
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—J
1,000 1,200,000 J.&D.
100
650,000 F.& A.
1,000
250,000 J. & J.
100 1,200,000 Q-F.
500&C
900,000 J.&D.
1,000
100
Eighth Avenue—Stock
100
1st mortgage
1,000
42d St. & Grand St.
100
Ferry—St’k
1st mortgage
1,000
Central Cross Town—Stock
100
1st mortgage
1,000
Houst.west St.& Pav.F’y—St’k
100
1st mortgage
500
Second Avenue—Stock
100
3d mortgage
1,000
Consol, convertible
1.000
Extension
'
00&C.
Sixth Avenue—Stock
J00
lstmortgage
1,000
Third Avenue—Stock
100
1st mortgage
!
1,000
.
.
Twenty-third
Street—Stock.
1ST
m ^
*
Tuuj
a
wiuuiu snows
1,000,000 Q-J.
203,000 J. & J.
748,000 VI.&N.
236,000 A.&O.
600,000
200,000 M.&N.
250,000
500,000 J.&J.
1,199,500 J. & J.
150,000 A.&O.
1,050,000
200,000
750,000
500,000
2,000,000
2,000,000
ioa
600,000
l.noo
lasimviuend on
I
1*
7
3
7
3
7
6
7
7
f*
M.&N.
I. & J.
5
F.&A.
950.000 M.& N.
1>
T
ii
7
10
14
10
30
7
10
10
10
10
12
10
20
20
10
10
12
20
10
20
14
N’ne
N’ne
11
10
30
12
20
12
15
10
5
20
9
0-23
12m
10
14
10
12
10
20
Ju-y,
14
10
10
13
5
12
10
20
20
10
13
10
20
10
15
12
,
,
July,
July,
July,
July,
July,
July.
July,
July,
July,
ioo-
5
6
,100
5
5
5
145
137
110
250
00
130
163
80
130
55
100
90
00
155
170
50
110
100
85
’80. 5
’80. 4
’80. 6
’80. 5
*80. 0
80. 7
’80. 5
’80. 5
’80. 5
-
-
.
-1
115
70
135
17ft
90
1
-
-
IOO
70
141
#
r
120
105
90
130
80
f
135
140
105
155
145
150
75
117
•
1
130
* *
*
,
ills
155
100
150
110
00
0
July, *80. 3m
100
L09100
120
70
65
140
110
’80. 7
>PL, ’80.
T
....
,
Ju.y,
4
July, ’80.10
Ju y, ’80. 0 July. ’80. 8
Jul , ’80. 5
July, ’80. 5
July, ’80. 5
July, ’80. 3m
Ju y, ’80.10
Feb., ’80. 3
205
108
180
105
120
75
V4
70
20
150
10
55
9-13 luly, ’80.0*23 125
12
103
July, ’80. 5
sm Feb., ’80. 3m 70
10
115
Ju y, ’80 5
10
100
July, ’80. 5
n
120
’80.
July,
5
LO
Jan , ’80. 5
20
l July. ’80.10 1 203
re-lnsarance, capital and scrip,
•
-
A
115
112
125
85
75
70
130
•
•
•
•
80
120
105
125
no
....
t Surplus
7
5
7
4
7
1890
95
May, ’80
June, ’93
119
110
100
July ’80
Jan., ’84 100
May, ’80 160
Apr., ’93 110
25
Nov*.1904 100
20
July, ’94 98
21
102
98
105
170
Water stock
1841-63.
Croton water stock. 1845-51.
do
do
1852-60.
5
5
'0
0
7
0
5
Croton Aqued’ct8tock.l865.
do
lo
pipes and mains...
reservoir bonds
Central Paik bonds. .1853-57.
do
no
1853-65.
Dock bonds
do
...1:75.
Market stock
1865-68.
1869
Imprbvemeat stock.
do
co
...1869.
0
7
0
7
0
7
0 g.
0
7
0 £•
7
..
’93 105
Street
do
imp. stock...
do
New Consolidated..
Westchester County
Consolidate!
Asses meat
Months Payable.
Bid. Ask.
due.
5
5
Feb., May Aug.& Nov.
1880
1890
do
1883-1890
do
1884-1911
1884-1900
May & November.
Feb.,May, Aug.& Nov. 1907-1911
do
do
1898
do
1895
do
1901
May & November.
1898
do
do
do
do
May & November.
do
do
do
do
do
1894-1897 127
do
do
do
do
do
1889
1890
1901
1888
1882
1890
1894
1920
January & July.
do
100
106
104
106
112
118
108
115
125
115
do
Qua’-t‘>rly.May & November.
1884
107
1 15
122
107
102
115
122
107
102
101
1C7
109
120
125
120
109
118
12ft
lift
198.
108.
110
123
108
105
110
J Hit
109
103
[Quotations by N. T. Beers, Jr., Broker, 1 New St.]
Brooklyn—Local iin T’em’
City bonds
do
do
Park bonds
7
7
7
7
7
6
0
7
0
0
Bridge
0
do
Park bonds
Water loan bonds
..
Bridge bonds
Water loan.
City Donas
Kings Co. bonds
*AU
1880-1883! 102m
Jaiuary & -July,
18o3-189l| 107
do
do
Jo
do
do
do
do
do
QC
do
do
do
Mav & November.
do
do
1915-1924! 130
1900-1924:128
1904-1912|129
1880-1902'109
1881-1890| 102
1880-18X3! 100
1880-18851114
1924
tll9
1907-1910 110
January a July.
do
do
108
118
182
130
131
118
116
111
116
121
119
Brooklyn bonds fiat.
101
July, ’80 62>s 05
Apr., ’85 100
102^
May, ’88 97* 100
Sept.. ’83 97 4 100
May, ’77 125
July, ’90 110 115
175
May, *80 160
July, ’90 103^ 100
115
Feb., ’80
1120
Mav.
Bonds
yew York:
110
150
100
105
100
100
112
75
100
125
115
175
110
175
115
30
105
Price.
Interest.
Rate.
1112
stocks, but the date of maturity of bonds.
[Quotations by C. Zabriskib, 47 Montgomery St., Jersey City.]
Jersey City—
Water loan .long
do
1869-71.
Improvement bonds
Bergen bonds
1868-69.
7
7
7
101
1895
1899-1902 1<9
'05
1891-94
January & July.
January & July.
J. & J. and J & D.
January and July.
>
"4
1900
•
3m | 90
5
7*4 (120
’80. 5
,’80. 5
’80. 4
Fej., ’80.
•
•
100
110-
Juiy,
July,
July. 80, 7
July, ’80. 5
£Uly, ’80 5
5
12
8
20
12
20
12
10
10
1
“ 1105
July,’’30. 7m
July. ’so. 3
i7m 12m duly, ’80. 5
10
20
July, ’80. 5
10
JO
July, ’80. 5
10
10
July, -80. 5
10
3m -Ian., ’79. 34
10
5
Julv, ’80 5
10
10
July, ’80. 5
10
sm July, ’80. 4
10
10
Mar., ’80 5
20
20
’80.10
•July,
5
5
July. ’80. 5
1
115
[Quotations by Daniel A. Mokan, Broker, 27 Pine Street.]
Consolidated bonds.
I
sc July, >0 18
| J’ly,1900 ; 98
Ju y, 'FO 92*4
July, ’84 103
34 May, ’80 100
7
Nov., ’8)1102
3
July, ’SO 140
2
Apr., ’80 95
7
1888
102^
July, ’80 90
July, ’SO 90
7
Dec. 1902 108*
*4 Feb., ’80 70
7
7
Q-F.
*
7
2
7
M.&N.
M.& 8.
J.&J.
-
123
140
City Securities.
1898
100
Feb. ’78 70
'2H
Var
375 ,000 M.&N.
„
443,095 20
250,000
195
V«
325,000 M.&N.
400,000 F.& A.
1,000,000 Quar,
1,000 1,000,000 A.& O.
100 1,000,000 M.&N.
100 1,500,000
bonds
Bid. Ask.
*
50
May, ’80 HO
2H Feb;, ’80 60
7
3
50
50
Metropolitan, Brooklyn..
Municipal
Date.
.
Over all liabilities, including
includes scrip.
5
700,000 M.&N.
Var.
....
Williamsburg
do
Var.
Var.
A.&O
F.&A.
J.& J.
J.&J.
4,000,000 M.&N.
1,000,000 J. A J.
1,000
New York
A
315,000
50 1,850.000
20
750,000
50 4,000,000
100 2,500,000 M.&S.
Vxr. 1,000,000 M. & S.
100 5,000,000 Quar.
1,000 1,000,000 F.& A.
Jersey City & Hoboken...
„
2,000,000
1,200,000
20
„
do
New York
Amount. Period.
--
I'eb.. ’80.
July, 80.
July, ’80
July, *80.
July, ’80.
July, ’80.
July, *90.
July. ’80.
«m
'
Gas and City Railroad Stocks
and Bonds.
[Gas Quotations by George H. Prentiss,
Broker, 19 Broad
Gas Companies.
.
.
3*4
’80. 3m
’80. 3m
10
.
....
•
200,000
.
•
•
200,000
.
*99
T
200
3m | 95
July, ’SO.
10
10
15
10
22
10
30
7
.
4
•
10
10
15
10
11
...
10
30
20
40
200,000
15
.
iom
-
L
l
2
i 14
5 15
i 15
i 12
12
1,000,000
1,000,000
Bid. A8k
120
July, ’80. 4
93
July. '30. 5
185
June, ’80.10
20
Feb., ’80. 8 190
20
185
July. ’,80.10
20
190
July, ’80.10
117
17m
Feb., ’80. 5
18
July, ’80. 5 120
5
N’ne
55
July. ’77. 5
25
18
10
July, '80. 4 105
1250 13 40 13-65 July. ’80.0-92 L80
20
20
15
Apr.,’80. 7*4 190
.
3m
•
)
Price.
Last Paid.
10
20
18
20
20
10-72 10
12
11
.
•
•
2m
5
4
3
250,000
300,000
200,000
1,000,000
800,000
200,000
200,010
200,000
204,000
150,000
200,000
>
14
10
20
20
20
20
Hanover..,
4
....
210,000
15
10
20
5 20
150,000
10
500,000
50
10
200,000
Home
100
'10
3,000,000
25
Hope
10150,000
Howard...,
50
12
500,000
50
12
200,000
100
Irving.....
200,000
‘13
f 30
200,010
10
) 20
20
150,000
r
40
10
280,000
) 50
150,000
20
Lamar.. .)
100
10
200,000
Lenox....
25
31,104 10
150,000
Longlsl.'I
f 50
20
200,000
Lorillard
25
10
300,000
100
200,000
12
100
250,000
20
25
30
200,000
l
50
150,000
20
Mercantile.,
50
200,000
10
Merchants’...
50
200,000 159,702 20
Montauk (Bkn i 50
109,954
18
200,000
Nassau (Bklyn 1 50
147,011 20
200,000
National
101.513 14
200,000
i
35
210,000
20
100
200,000
17
20.068
100
200,000
100
1,065 10
300,000
Niagara
50
500,000/ 517,458 12
North River..
25
350,000
108,148 11
Pacific
25
200,000 399,052 20
Park
100
200 000
89,737 20
20
150,000
190,043 20
People’s
50
200,000
103,739 18
Phenix
50
1.000,000
407,0*6 20
Relief
50
200,000
43,577 10
Republic
100
300,000
20,725 10
Rutgers’
200,000
175,334 20
25
St.Nicholas...
200,000
10,841 10
Standard
109 090 1235
200,000
Star
100
500,000
121,591 17m
100
Sterling
200,000
28,519 10
25
200,000
137,084 10
Stuyvesant....
Tradesmen’s.... 25
300,000
102,389 20
United States.. 25
250,000 215,455 10
Westchester... 10
300,000 121,502 10
.
....
July, ’80. 3
»
)
25
.
4
July. ’74.
0*4 Feb.,’80.
3
July, ’SO.
July, ’8').
'*8 July, ’89.
8
Inly, ’80.
0
July,’80
7
May,' ’80.
273,500 M.&.N.
192,000 J.&J.
711.100 M.&N.
320,900 J. & J.
3
3m
100
50
.
Guardian.,
Hamilton.
;
240,000
100
[-.
....
30)
17
10
.
.
....
North River*.
Drlentai*
....
.
•
....
.
.
•
..
.
.
.,
.
....
•
.
.
*
....
•
Clinton
Columbia
Commercial
153,000
300,000
.
.
.
.
Continental.. t 100
Eagle
40
Empire City.., 100
30
Exchange
50
Farragut
t
"
IV
20
70
100
30
50
•
1
City
....
'
1877. 1878 1879.
1
5
)
4
7
400,000
200,000
300,000
200,000
2f>
.
Citizens’
****
50
h lOO
•
»
•
Amount
i
•
•
Dividends.
Jan. 1,
1880.*
100
102
lift
100
101
THE CHRONICLE.
94
|Vor. XXXI.
Lyon, Charles B. Farwell, George C. Walker, Samuel J. Medill,
of Chicago; John B. Carson and James W. Singleton of Quincy.
The capital stock is $6,000,000, divided into 60,000 shares of $100
AND
each. An officer of the Hannibal & St. Joseph Railroad said
the road would at once be built on the shortest line to be found,
STATE, CITJ AND CORPORATION FINANCES.
considering the grades, which would be considerably shorter
The Investors’ Supplement contains a complete exhibit of the than any other line between Kansas City and Chicago.”
Funded Debt of States and Cities and of the Stocks and Bonds
Chicago & Northwestern.—The AT. Y. Commercial Advertiser
of Railroads and other Companies. It is published on the last
“A ridiculous paragraph has been circulated around the
says:
Saturday of every other month—viz., February, April, June,
country
August, October and December, and is furnished without extra western in effect that trouble has broken out between the North¬
Railway and its Omaha extension, which runs from
charge to all regular subscribers of the Chronicle. Single copies Cedar
Rapids,
la., to Council Bluffs; that the lease, when it ex¬
are sold at $2 per copy.
|uncstwruls
pired within
INDEX SINCE JUNE SUPPLEMENT.
The following is an index to all reports and items heretofore pub¬
lished in the Investment Department of the Chronicle since the last
issue of the Investors’ Supplement; annual reports are indexed in
hlaok-faced type:
Anthracite Coal Fields. [V. 30] 674 Lake Shore & Michigan So....
20
45
20 Louisville & Nashv
Anthracite Coal Trade
43,
20,
67
43
44
Louisv.
Boston & Albany
Boston Hartford 6c Erie... .44,
Boston Hoosac Tunnel & All)..
44
Metropolitan Elevated
Michigan Central
Atoh. Top. & San. Fe
Atlantic Miss. 6c Ohio
Atlantic 6c North Carolina
67
20
Brooklyn Elevated
44
Brooklyn 6c Montauk.. ,[V. 30] 674
Buffalo 6c Southwestern
67
Cairo & Vincennes
Canton Company of
Carolina Central
68
Baltimore 43
68
20
Central Iowa
Chesap. &Deia. Canal..[V.30] 674
Chicago 6c Alton
68
44
Chicago 6c Iowa
44
Chic. Mil. & St. P
Chicago & Northwest... f V. 30] 674
Ohio. St. P.M. &0.[V. 30] 675,
20
Chio. R.I. & Pac
[V. 30] .673
Cin. Ham. & Dayton—[V.
Oolora. Coal & Iron Co.[V.
30] 667
30] 675
44
Delaware & Hudson Canal....
Denver & Rio Grande
44
Denver South Park 6c Pac..45,
68
Detroit & Butler
[V. 30] 675
Eastern (Mass)
Evansv. 6c Terre Haute
45
45
Flint & Pere Marquette. [V. 30] 675
Galv. Houst. & Henderson
45
Grayville 6c Mattoon
Greenville 6c Columbia
Hannibal & St. Joseph
Houston 6c Texas Cent. [V.
45
.68
20
30] 675
N.Alb.&Clho...fV. 30] 675
Manhattan Elevated
Marietta & Cincinnati
68
68
45,
68
20
Mineral Point.....
44
Nashua & Lowell
67
Nashv. Chat. & St. L...[V,
N. Y. Boston & Albany
New York City
New York Elevated
30] 675
20
45
68
Lake E. 6c W
20,
Loan & Improvem’t Co..
Penn. & Ohio
West Shore & Chic.[V.30]
675
North Carolina State Bonds...
Northern Pacific
45
68
N.
N.
N.
N.
Y.
Y.
Y.
Y.
Ohio & Miss
68
68
68
[V. 30] 675,
20,46.
Owensboro & Nash
68
[V. 30] 675
Pacific Railroads
46,
68
Pennsylvania RR.[V. 10] 675,^20
Philadelphia & Read.. .21,46, '69
Pitts. Ft, W. & Chic.. .[V. 30].674
Pittsb. Titusv. & Buffalo
Portland & Ogdensburg
46
Quincy Missouri & Pacific
21
Minneap. & Man
Springfield & Northeastern....
Springf. & Northwest’n (Ill.)..
Texas & Pacific [ V. 30]... 675,
21
44
61
61
Toledo Peoria & Warsaw
70
21
St. P.
Wab. St.L.A Pac....,
Western Union Telegraph
GENERAL INVESTMENT
Alabama Great Southern.—The report
21,
70
21
NEWS.
of the directors
embraces the following statement: In 1879 the gross earnings
of the road were $441,181, as compared with $332,096 in 1878.
In 1877 the earnings averaged $900 per mile per annum ; in
1878 $1,135 per mile; in 1879 $1,500 per mile ; and the monthly
statements up
to 31st of March of the current year indicate that
at least $2,000 per
"
mile may be expected. The directors have
constantly kept in view the absolute necessity of improving the
permanent way, keeping the rolling stock up to the require¬
ments of the increasing traffic,
securing the efficiency of the
local staff, and generally raising the service to a high standard.
The accounts of the American Company show a balance to
the credit of net revenue of $32,221, or £6,637, which includes
the balance of $31,867, or £6,557, brought forward on December
31st, 1878. The balance sheet of the English Company shows
that the current expenses in England from the formation of
the company to December 31st, 1879, chargeable against profits
amount to £3,883. Deducting this sum from the balance to the
a
short time would be taken
up
by the Chicago
Milwaukee & St. Paul Company, and that the latter company
would therefore have a direct road from Chicago to Council
The story
In the first place, there
Bluffs, shutting out the Northwestern road entirely.
is
is
pronounced false in every particular.
no coolness between the Northwestern Co. and its Omaha ex¬
tension. In the second place, the lease does not soon expire; it is
perpetual lease, and, in the words of one of the Northwest¬
ern’s officers, 4 cannot be evaded, escaped or annulled.’ ”
—The Dakota Central line of this road was opened for
business July 12 to Huron, Dakota, on the James River.
The Railroad Gazette reports that “work has been begun on
the extension of the recently-purchased Chicago & Tomah line,
from Montpont, Wis., to Madison, and a large force is now em¬
a
ployed. It is said that work will soon be begun on the proposed
line from Milwaukee to Madison, to be built and owned by
this company. The Chicago & Dakota line, above referred to,
new
is
now
nearly all graded from the new terminus at Huron west¬
ward 110 miles to Fort Pierre on the Missouri River. From
Fort Pierre to Deadwood in the Black Hills is 150 miles in an
air line, or about 180 miles by the stage road. , The company
has now nearly finished grading a branch from Huron north up
the James (or Dakota) River to Columbia in Brown County, a
distance of 90 miles, on which the rails will be laid at once.
Work is progressing on the extension westward of the Toledo &
Northwestern line, which is reported nearly finished to the
crossing of the Des Moines division,
near
Callanan.”
Cleveland & Marietta.—The stockholders of this company
(successor to the Marietta Pittsburg & Cleveland) have voted to
authorize an issue of $1,000,000 bonds for the purpose of mak¬
ing necessary improvements on the road, and of building an
extension of 24 miles from Canal Dover, O., to Canton, to con¬
nect with the Valley Railroad. This extension will complete a
line from Marietta, O., to Cleveland, 181 miles long.
Denver & Rio Grande.—This
Mexico has been completed and
company’s line into New
opened for business to Tres
Piedras, N. M., 64 miles southward from the late terminus at
Alamosa, Col., 194 miles from South Pueblo and 314 miles from
Denver. The new terminus is about 60 miles from Santa Fe.
The San Juan extension is so far advanced that the company
hopes to have trains running by August to Chama, 50 miles *
west from the junction with the New Mexico line at San An¬
tonio. The short branch line from Colorado Springs to Manitou
is nearly finished, and will probably be ready for business this
month. There is an unusual number of visitors to Manitou this
year.
For the week ending July 10 this road brought 354 car¬
loads of
freight to Denver,
more
than
any
other line, and about
one-third of the whole number received.—R. R. Gazette.
Framingham & Lowell.—The Boston Advertiser of June 16
4‘This company, which defalted its interest upon the first
mortgage bonds on October 1, 1879, and April 1, 1880, is now
paying the past-due coupons at the National Hide & Leather
Bank, Boston, the October coupon at 7 per cent and the April
coupon at 5 per cent.
The railroad ana property have been
leased to the Old Colony Railroad for 999 years, and the interest
upon the first mortgage bonds is guaranteed at the rate of 5
says:
credit of the net revenue account of the American Company,
there remains a balance of £2,746.
On December 31st, 1878, the outstanding claims, of which a
considerable portion was disputed and in suspense, amounted
be paid
at theOctober
Treasurer’s
officeTheof the
ger
centRailroad
and willfrom
Old
olony
and after
1, 1880.
coupon
claims is $388,000.
of the
notes of the company which are deposited at
Trust Company, 45 Milk Street, Boston, on or
the International
before August 10,
to $814,546, or £167,602. During the year 1879 the amount was 1880, will be entitled to the benefits of the new financial
reduced to $522,076, or £107,423, and during- the current year arrangement, and will receive the surplus earnings, after pay¬
it has been further reduced by the acquisition of receivers’ cer¬ ing interest on the first mortgage bonds. New preferred stock
tificates to $379,734, or £78,134. The directors hope that dur¬ is to be issued to represent the said coupon notes.”
Times dis¬
Greenville
&
Columbia—A New York
ing the ensuing session of the Circuit Court in June further
progress in this direction will be made. The amount of the patch from
Columbia, S. C., July 22, reports that an
company’s bonds held in trust for the purpose of meeting these important question regarding the validity of the recent sale
Up to the present time the company’s trains have used the
track of the Nashville & Chattanooga for the 5 miles between
Wauhatchie and the terminus at Chattanooga. The business
of the Alabama Great Southern has, however, now reached a
point that makes existing arrangements altogether insufficient,
and the directors are of opinion that the road should have
independent access to Chattanooga. With this view, they have
ordered the necessary surveys and estimates, preparatory to an
early commencement of the work. The amount required to
complete the five miles of new line will be comparatively large,
as the nature of the country involves a tunnel of some 1,200
yards in length, besides other heavy engineering works.
Chicago & Hannibal & St. Joseph.—A despatch from
Quincy, Ill., says: “The act of the incorporation of the Chicago
& Hannibal & St. Joseph Railroad Company, formed for the
Surpose
led for ofrecord
building
a road
fromClerk’s
Quincyoffice,
to Chicago,
has been
in the
Circuit
the incorporators
being Messrs. William Dowd, Jay Gould, Russell Sage, Myron
P. Bush, Sidney Dillon, Elihu Root, all of New York; JoKn B.
Greenville & Columbia Railroad came before Judge
Hudson that day, iu the Court of Common Pleas, on an
order to show cause why the sale to W. A.- Courtenay, at
$2,963,400, should not be annulled, and W. P. Clyde, T. M.
Logan and Joseph B. Ryan should nut be declared purchasers
at $2,393,600.
The latter, through their counsel, Colonel
Simonton, filed a petition, which sets forth that the committee
representing the second mortgage bondholders selected Court¬
enay to represent their interest at the sale; that he did so, and
purchased the road at $2,393,600, and paid $20,000, as required
by the terms of the sale; that they consider themselves the
legal purchasers, and that all subsequent bidding was unlawful
and without their authority. Judge Hudson went over all the
statements in the case and signed an order, without further
argument, for Courtenay; Clyde, Logan and Ryan to file their
exceptions to the Master’s report of sale by 10 o’clock July 23,
as the first step necessary to bring the matter properly before
the court.
Kansas City St.
of the Kansas
ers
Joseph & Council Bluffs.—The stockhold¬
City St. Joseph & Council Bluffs Railroad
July 24,
THE CHRONICLE*
1880.]
c==
-
1
.
—
.
.
=
ss
Company held a special meeting at the general office of the representing Messrs. Jay Gould and Tom Scott. The latter
anize a construction company which should
company, in St. Joseph, Mo., on July 12, and the leases of the parties were to or;
e road from this city to Marshall at a certain
build
and
equip
t
Nodaway Valley Railroad and the Tarkio Valley Railroad to the
sum per mife, fo be paid in first mortgage bonds and stock of
Kansas City St. Joseph & Council Bluffs road were confirmed.
the
New Orleans Pacific Company; the bonds and stock to be
The roads were completed and the leases negotiated about
delivered
on the completion of sections of ten miles.
This Con¬
three months ago.
struction Company was subjected to some unexpected delays in
Louisville & Nashville.—The Courier-Journal announces that
the Louisville & Nashville Railroad Company has negotiated, raising the necessary capital in New York, one of which was the
necessity of advertising its charter in that city for thirty days
through Drexel, Morgan & Co., with the Barings, of^London, to
give it a legal existence. But all necessary preliminaries
for the sale of $20,000,000 of its bonds, having 50 years to run,
have been arranged, the capital to perform the work has been
at 6 per cent; $10,000,000 of this amount is intended to take up
and retire ail bonds now outstanding under its several existing subscribed, and the final documents signed and delivered. The
company agrees to complete the road ready for business in
mortgages. A general mortgage for the $20,000,000 is now
eighteen
months. It will probably be done earlier. The
being recorded in the several counties through which the road route is such
as to afford extraordinary facilities for speedy
passes.
construction. Work can be commenced on the trans-Mississippi
Louisville New Albany & Chicago.—The Chicago Tribune division, and conducted both
ways at Alexandria, and from the
says: “ It has for some time past been generally understood Atchafalaya crossing. It is not yet known what route will be
that the Louisville New Albany & Chicago Railroad was con¬ followed after
reaching Brule Landing. If the Mississippi is
trolled by the Louisville & Nashville Railroad Company. In crossed there, work can be conducted with equal
advantage
fact it was officially announced more than six months ago that from both Baton
Rouge and New Orleans. Some 90 miles of
the Louisville & Nashville had secured, through Mr. Newcomb, the track are already
graded, and the country on this side of
a majority of the stock of this road, and as far as known the
the Mississippi, between here and Baton Rouge, along the river
Louisville & Nashville managers have directed and shaped the bank, is favorable for
railway construction. In fact, it presents
policy of this corporation ever since. Yet, judging by a com¬ the cheapest and best route out of the city.” * * * “By the
munication sent to the Tribune by President R. S. Veech, of the terms of the
agreement with the Construction Co., the present
Louisville New Albany & Chicago Railroad, it would seem that
directory of the New Orleans Pacific Railroad Company will
everybody was wrong, and that the Louisville New Albany & lose control when a majority of the stock shall have been trans¬
Chicago is not controlled nor owned by the Louisville & Nash¬ ferred to the former. This will occur after some forty miles of
ville, Mr. Veech says:
the track shall have been completed. But provisions have
‘As it is quite common to confound this company with the been made to insure local
representation to the extent of the
Louisville & Nashville, I take this opportunity to ask you to financial interest of our citizens, and this was all that could be
kindly state to the general public that our relations with that expected.”
organization are no more than those ordinarily existing among
New York Central & Hudson Rlver^—In New York we get
all railways. We are separate in organization, have no offices
in common, own no part of the stock of the Louisville & Nash¬ no report of the net earnings of this road, but in London Messrs.
ville, or it of our stock. We have neither any bonded or float¬ J. S. Morgan & Co. issued the following statement:
Gross
Net
ing indebtedness at the present time, but propose to issue at an
Earnings.
Earnings.
early day $3,000,000 of bonds, to be sold to the stockholders at For month
$1,167,000
ending June 30,1880
$2,653,000
20 per cent of their par value, each stockholder to be entitled to
890,000
For same period last year
2,023,000
a like amount of bonds to the amount of stock held by him. The
proceeds of the sale of these bonds to be used to put the road
Increase
$630,000
$277,000
in first-rate condition and to equip it.’ ”
For nine months ending June 30,1880
$10,687,000
$24,289,000
Manhattan
20,734,000
9,123,000
Metropolitan — New York Elevated.—The For same period last year
World gives the following account of the negotiations between
these companies: “On Tuesday the meeting of Manhattan
Increase
$3,555,000
$1,564,000
directors broke up without accomplishing anything more than
N. Y. City & Northern.—The mortgage dated May 1, 1880,
an agreement that the directors of the Metropolitan and New
was recorded this week from the New York City & Northern
York roads, respectively, should meet yesterday (Wednesday)
Railroad Company to the Central Trust Company, upon a line of
morning and prepare such propositions as they wished to sub¬ railroad in
New York, Westchester and Putnam counties, upon
mit to the directors of the Manhattan Company as a basis of
consolidation. The New York people were willing to go into stations, buildings, rolling stock, &c., to secure 500 bonds of $500
each and 3,750 bonds of $1,000 each. The bonds are payable
the arrangement with certain guarantees on the following
in 1910, with interest at six per cent, and aggregate $4,000,000.
basis of percentages: Manhattan, 20; Metropolitan, 90, ana
New York, 115, or possibly 110. Some of the directors wished
N. Y. Ontario & Western.—July 22 was the last day upon
the offer to include the condition that the Manhattan share of which the old stock of the New York & Oswego Midland Rail¬
the new stock should be rated as common, while the Metropol¬ road Company, and its convertible bonds, could be exchanged
itan and New York stockholders should receive preferred for the stock of this company by the payment of an assess¬
stock in the new concern. The offer from Metropolitan was ment of 30 per cent in cash. Payments amounting to $1,816,that New York should be put at 112, Metropolitan at 100 and 350 were received on account of the 30 per cent assessment, and
Manhattan at 40, with the same distinctions of common and then an injunction was served on the company, obtained on a
preferred stock. The problems laid before the two boards of petition by Mr. H. R. Low, of Middletown, restraining the
directors were how far each would advance toward the figures officers from issuing any stock at less than $30 a share, or the
of the other. The meetings were called at 11 o'clock, and each issuing of an amount greater than $50,000,000, which is the
board promptly rejected the figures of the other company and present capital of the company. The object of the injunc¬
insisted on its own. The New York people were very em¬ tion is supposed to be to prevent the New York Ontario &
phatic in declining to look at the other side’s offer. One offer Western from taking advantage of a law passed by the last
of compromise was to put both New York and Metropolitan at Legislature peimitting an increase of their capital stock from
After the injunction had been
par, making them preferred ; while Manhattan was to be put $50,000,000 to $65,000,000.
at 50 and made common. This was rejected all round.
served, $388,500 was tendered on the 30 per cent assessment
At 2 o’clock the Manhattan directors met at No. 71 Broad¬ account and was refused. From the $20 assessments previously
way, and after a session of less than half an hour, with all the paid by the securities taking precedence of the old stock and
directors present, except Mr. Garrison, came out of the direct¬ convertible bonds there had been received $7,553,463, making a
ors' room and declared that absolutely nothing had been accom¬ total of $9,672,558 paid in to date.
plished because there was no disposition to give way on either
Northern Pacific.—A special from Brainerd to the St. Paul
side. Mr. Cyrus W. Field said that the New York Elevated
Pioneer-Press gives the following rose-colored account regard¬
Road was earning 14 per cent and could gain nothing by going
ing the Northern Pacific Railroad:
into any such arrangement.”
*
*
*
“ The discus¬
There never has been such a period of activity along the line
sion in the board did not turn especially on the law
of the Northern Pacific Railway as at present. All departments
side. of the question of consolidation, for this has been of the road are hard at work in preparation for moving the
left in the hands of eminent legal authority. It was thought
immense crop which will soon be ready for handling.
Within
that difficulties would arise from the fact that the com¬
the past year 300 new box-cars and 100 flat-cars have been
panies in consolidating seem to come under the clause added to the equipment of the road, while 100 extra flats have
of the railroad act which prohibits the fusion or con¬
solidation of competing and parallel lines. This difficulty, recently been ordered. Sixteen new and powerful Baldwin
locomotives have been purchased, nine of which have arrived,
however, is got around by chapter 503 of the laws of 1879 and the balance is daily
expected. These are thirty-seven ton
(passed June 12), under which the consolidation of the rail¬
with
inch
cylinder, twenty-four inch stroke
engines,
seventeen
road interests of this city, if accomplished, will be done.”
and fifty-six inch wheel centre, and rank amon^ the heaviest
Marietta & Cincinnati.—By an error in proof-reading, the used on any Western road. Thirty stock cars, in addition to
statement of earnings in the Chronicle of July 17 made it ap¬ the
large number in use, have just been purchased for the Mon*
pear that there had been a decrease in earnings. The dates tana cattle trade. The passenger equipment has been rein¬
were transposed and the figures for 1880 should have been under
forced by four new day coaches, besides two parlor cars with
1879, and vice versa.
reclining chairs, expected daily. The greatest activity prevails
New Orleans Pacific.—The New Orleans Picayune of July 17 at the Brainerd shops, under the energetic direction of Superin¬
says : “Telegrams from President Wheelock state that the con¬ tendent Farrar. Over 200 men are now on the pay-roll. Thirteen
tract with the Construction Company was signed in New York new caboose-cars for all divisions of the road, of the most
yesterday morning. A railway from New Orleans to Marshall approved design, are being finished there. These are cupolavia Alexandria is now secured beyond a doubt. The terms of the cars, painted light red outside and grained inside.
The seats
contract were arranged a few weeks since at a conference held in are arranged so as to be converted into bunks for trainmen,
this city between the directors of the New Orleans Pacific RR. while wash-bowls, closets, &c., are also provided. They are also
Company and ex-Governor Brown, James P. Scott and others building four new baggage-cars of standard truck with seven“
..
—
“
“
THE CHRONICLE.
96
foot wheel base and three-quarter by seven-inch journals,
besides numerous boarding and other cars for use on the^
extension. The Northern Pacific Road now operates 716 miles
of main track, divided as follows : Duluth to Brainerd, 115
miles; Brainerd to Fargo, 138 miles; Fargo to Bismarck, 194
miles; Bismarck to Green River, 103 miles; Brainerd to Sp.
Paul, 136 miles; Casselton to end of track, 30 miles. It is
expected that 100 miles more of main track
cold weather sets in.”
Western end before
,
Gross
1880.
will be added to the
PITTSBURG AND ERIE.
earnings.
.
1879.
February
2,944.576
March
3,278,186
$2,543,424
2,538,039
2,6< 3,068
3,488,366
2,630,022
$3,083,551
January
April
3.417,916
May
June
3,221,476
2,708,695
2,390,810
Total
$15,414,058
$19,434,071
As to the lines west of Pittsburg
ancy
Net earnings.
.
%
1379.
$1,3G6,298
3,232,182
$1,019,531
1,172,980
987,223
1,031,028
1,495,582
1,034,092
1,476,852
1,012,247
600,994
$8,094,409
$5,845,789
& Erie, there is a discrep¬
in the figures published as compared with the statement
issued in July, 1879. The net surplus over liabilities for the
five months is reported as $1,311,136, which is said to be a gain
over the same period in 1879 of $1,730,473, although this differs
from the result which is obtained by comparison with the
figures given out last year, viz., a deficiency then of $205,753.
The Treasurer, in reply to our inquiries as to a similar discrep¬
EARNINGS FROM FREIGHT
RAILROADS
AND RATE OF CHARGE PER TON PER MIUE ON THE
NAMED IN THE YEARS 1873 AND 1879,
r-Tons
1879.
183795642.
*
1879.
1873.
.
$
$
2,634,177
6,221,184
19,616,018
15,015.8o8
19,608,555
6,716,399
14,192,399
4.918,962
3,897,462
3,588,839
18,270,250
12,233,481
17,017,089
6,066,593
11,288,261
4,986,988
4,242,791
2,221,744 4,o86.520
8,035,349
11,650,623
N.Y.C.& H.. 5,512,124
N.Y.L.E.&W 6,312,702
Penns’vania 9,211,234
P.Ft. "VV.&C. 2,316,568
L. S.& M.8o. 5,176,661
Mich. Cent. 2,186,786
Chic.&Alton
Chic. B.&Q..
C.Mil.&St.P.
Cliic.&N W.
Chic.R.r.&P
Ill. Central.
Receipts from Freight—, r-Rate
Freight Moved.—.
1873.
1,642,443
1,791,504
2.958,390
2,738,096
9,015,753
8.212,641
13,684,041
3,679,382
7,541,294
3,513,819
2,559,734
4,265,937
1,286.966 2,236,670
2,057,360 2,324,485
6,421,369
8,614,260
4,597,982
4,148,901
45,557,002 67,092,549 112,004,649
Per ton per
“It is to be
1880.
1,511,248
TABLE SHOWING AMOUNT OF FREIGHT MOVED,
T/ine of Road.
Bost. & Alb. 2,884,520
Pennsylvania Railroad.—This company’s earnings have
just been reported for June, and the clear statement below is
compiled for the six months January 1 to July 1. The earnings
on the lines east of Pittsburg and Erie have been very large,
showing an increase in gross earnings for June of $S30,666 and
an increase in net earnings of $411,253.
For the six months
Jan. 1 to July 1 the increase in gross earnings was $4,020,013,
and in net earnings, $2,248,620 :
ALL LINKS EAST OF
rvoL. xxxi
mile.
6,850,755
9.924,030
6,929.926
3,262,526
'73.
cts.
1*96
1*57
1*45
1-41
1-41
1*33
1'22
2’12
1*92
2-49
2 35
2*29
1*51
'79.
cts.
1.10
0 81
078
0-79
0;76
0 64
069
1-.05
1*02
1*72
1*56
1*43
0*97
116,311,452 11*77 t P02
t Average.
regretted that the reports of the Baltimore & Ohio
not so kept as to enable us to make a comparison
Railroad are
of all the trunk lines.”
*
*
*
by the tables is the reduction
debts as compared with last
year. This has come about through the process of reorganiza¬
tion of bankrupt companies now nearly completed, and the
transfer of those forms of indebtedness to capital stock. While
the funded debt has decreased $15,251,851, and the floating debt
$25,387,504, the capital stock shows an increase of $187,708,068.
The amount of interest paid has increased $9,077,000, notwith¬
standing the reduction of the debt; the rate of interest paid on
the funded debt averages 4*91 per cent, an increase of 0 27 per
cent as compared with 1878.
The average rate of dividend paid
was 2'49 per cent, as compared with 2‘34 per cent for 1878, a
ain of O’15 per cent.
The increase in amount paid as diviends was $8,052,102. Thus while the gross earnings show an
increase compared with 1878 of $38,909,648, and the net earnings
of $32,341,557, the amount paid for interest and dividends has
increased $17,129,106. The remainder has gone into permanent
improvements, reserve funds and other forms of security.
“The gross earnings of all the roads whose operations have
been reported have equaled $529,012,999, against $490,103,351
for 1878, $472,909,272 for 1877, $497,257,959 for 1876 and $503,065,505 for 1875. The general result of the operations of our
railroads for the last nine years is shown in the following
“Another significant fact shown
in both the funded and floating
in May furnished the following explanation: “ It ap¬
that the discrepancy noted—$230,380—results from chargingat the end of the year certain interest on bonds of the Penn¬
sylvania Company and the Pittsburg Cinn. & St. Louis Rail¬
way Company, and not charging the pro rata for each month in
1879, and which for five months was $237,349; from this should
be deducted $6,959 underestimated on all other lines.”
Pittsburg Titusville & Buffalo.—A dispatch to the Chicago
Tribune from Philadelphia, Pa., July 16, reports: “It is believed
statement:
•
•
that the merger which was voted by the Pittsburg Titusville & STATEMENT SHOWING MrLES OF RAILROAD, CAPITAL ACCOUNT, EARN¬
Buffalo, and was agreed to by a majority of the stockholders of
INGS, ETC., FOR NINE YEARS.
Miles Op- Capital and
Gross
Net
the Buffalo & Southwestern, though not passed, owing to a re¬
Dividends
Year,
crated.
Funded Debt.
Earnings.
.Earnings.
Paid.
quirement of the State law calling for two-thirds of all the 1879... 84,233 $4,762,506,010 $529,012,999 $219,916,724 $61,681,470
stockholders in favor before the merger can be carried, will
78,960 4,589,948,793 490,103,351 187,575,167 53,629,368
74,112 4,568,597,248 472,909,272 170,976 697 58,556.312
finally be agreed to. At any rate, the road has not been leased
73,503 4,468,591,935 497,257,959 186,452,752 63,039,668
to the New York Lake Erie & Western, as authoritatively stated
71,759 4,415,631.630 503,065,505 185,506,438 74,294,208
last week. A dispatch received to-day from President Jones of
69f273 4,221.763,594 520,466,016 189,570,958 67,042,942
the Titusville Road, who is now in Buffalo, says that affairs look
66,237 3,784,543,034 526,419,935 133,810,562 67,120,709
ancy
pears
favorable to a consummation of their connection, which is in no
inimical to the interests of the New York & Lake Erie.”
sense
Railroads of the United States. 1879.—Advance sheets of
the thirteenth annual number of Poor's Manual of Railroads
of the United States have been received from the publish¬
The details in regard to cost, earnings, etc., will be found
ers.
in the tables that follow. It will be noticed that the Manual
has been more than usually successful in obtaining returns from
railroad companies, the operations including 84,232
total of S6,497 miles.
miles out of a
STATEMENT SHOWING THE NUMBER OF MILES OF RAILROAD CONSTRUCTED
EACH YEAR IN TIIE UNITED STATES FROM 1830 TO THE
CLOSE OF 1879, INCLUSIVE.
Year.
1830...
1831...
1832...
1833...
Miles in
Annual
Increase of
Operation.
Mileage
1834...
23
95
229
380
633
1835...
1836...
1837...
1,098
1,273
1,497
72
134
3 51
253
465
175
224
1838...
1839...
1840...
1841...
1842...
1,913
416
2,302
2,818
389
516
717
491
159
192
256
297
668
398
1843...
1844...
1845...
1846...
1847...
1848...
1849...
1850...
1851.
4,026
4,185
4,377
4,633
4,930
5,598
5,996
9,021
1,369
1,656
10,982
1,961
1852...
12,908
1853...
1854...
15,360
1,926
2,452
1,360
.
7,365
16,720
Miles in
Year.
1855...
1856...
1857...
1858...
1859...
•
1860...
1861...
1862...
1863...
1864...
1865...
1866...
1867...
1868...
1869...
1870...
1871...
1872...
1873...
1874...
1875...
1876...
1877...
1878...
1879...
Operation.
Annual
Increase of
Mileage.
1,654
18,374
22,016
3,647
24,503
2,647
26,968
28,789
30,635
31,286
32,120
2,465
1,821
1,846
33,170
1,050
33,908
35,085
36,801
39,250
42,229
46,844
52,914
60,283
651
834
738
1,177
1,742
2,449
74,096
76,808
79,089
81,776
2,979
4,615
6,070
7,379
5,878
4,107
2,105
1,712
2,712
2,281
2,687
86,497
4,721
66,171
70,278
72,383
The introductory remarks state that, as noted in the Manual
for 1879, “ the most marked feature in connection with the in¬
of earnings continues to be the reduction in freight
charges which has been taking place on all our leading rail¬
roads for several years, and in no year more notably than in
that which lias just closed. Only an extraordinary increase in
tonnage moved would enable the railroads to continue such re¬
ductions, of which the public reap by far the largest reward.
To show the changes that have been made in these respects
during the last, seven years, we have compiled the following
table, commencing with the year 1873,—that of the greatest
prosperity in railroads prior to 1879:
crease
-
57,323
44,614
■
3,159,423.057
2,664,627,645
465,241,055
403,329,208
165,754,373 64,41*,157
141,746,404 56.456,681
under this
completed its organization by filing its charter with
the Secretary of the State of Arkansas. This road is to com¬
mence at the Missouri State line at a point where a connection
is made with the St. Louis Arkansas & Texas Railroad of Mis¬
souri, and will run through Fayetteville, Ark., to Fort Smith, a
distance of 110 miles. The capital stock is $1,350,000.
The
directors are Jas. D. Fish, C. W. Rogers, John O’Day, George
A. Purdy, B. B. Davidson, E. L. Fisher, A. M. Wilson, J. HolThe road was at once leased to the St. Louis
com and A. Peel.
& San Francisco iff perpetuity. It is the intention to have cars
running on the road to Fayetteville by January 1, 1881. •
St. Paul Minneapolis & Manitoba.—The St. Paul PioneerPress of July 16 says: “The agreement entered into some
months since between*the Minneapolis & Northwestern (narrow
gauge) and St. Paul Minneapolis & Manitoba Companies, by
which the latter swallows the former, was fully carried out and
consummated in this city yesterday. The stockholders of the
St. Louis Arkansas & Texas.-^The company
name
has
the
also
contracted for a quantity of iron and incurred other liabilities.
The St. Paul Minneapolis & Manitoba Company assumes all the
narrow
stock, 10
gauge company had subscribed for $150,000 of
They had
per cent of which they had paid in.
liabilities, and refunds to the stockholders 7 of the 10 per cent
they have paid in. Farther, the St. Paul Minneapolis & Manitoba
agrees to construct the two bridges and the union depot in Min¬
neapolis, and build 100 miles of standard-gauge road north¬
westerly from Minneapolis, substantially upon the route of the
proposed
narrow gauge,
for a bonus of $1,000 per mile from the
city, and there the responsibility of the city ends. Ten miles
of this road is to be built this year, 40 miles next year, and the
remaining 60 miles before Jan. 1, 1884.”
—Suit was brought a few days ago against the St. Paul Min¬
neapolis & Manitoba and St. Paul & Pacific Railroad Com¬
panies at St. Paul, in which 131 residents of Holland are plain¬
tiffs for themselves and all other holders and owners of the
issue of $15,000,000 of bonds similarly situated in respect thereto.
The object of this suit is the same as that of the bill which was
dismissed from the United States Circuit Court by Justice
Miller on June 28 last; but a new line of proceedings is taken in
order to overcome the objections which were found by the
court to reopening the decrees of foreclosure and sale of the
mortgage property.
Texas & Pacific.—Track on this road has reached the Brazos
River crossing, 57 miles west from Fort Worth, Texas. The
graders are at work 60 miles beyond the end of the track.
July 24,
THE CHRONICLE
I860.]
97
COTTON.
Jhe (£0nxwct‘ri;il Jimcs.
COMMERCIAL EPITOME.
Friday Night,
July 23, 1880.
Friday, P. M.. July 23, 1880.
,
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below.
For the week ending
this evening cJuly 23), the total receipts have reached 13,148
bales, against 10,691 bales last week, 14,070 bales the previous
opening of autumn trade approaches, and week and 17,057 bales three weeks since,
making the total
yet buyers seem disposed to proceed with much caution and receipts since the 1st of September, 1879 4,880,043 bale3,' against
prudence. Current prices of agricultural products are com¬ 4,433,653 bales for the same period of 1878-9, showing an increase
since September 1, 1879, of 446,390 bales.
The details of the
paratively low, with little probability of an advance like that
receipts for each day of this week (as per telegraph) are as follows:
which gave such an impulse to business last autumn; hence it
is not likely that the agricultural classes will have as much
Sat.
Mon.
Tues.
Wed.
Receipts at—
Thurs.
Fri.
Total.
money at command as then, and dealers are disposed to take New Orleans
243
324
554
886
696
1,105
3,808
this into the account. Business is on a sound and healthy Mobile
19
43
24
94
122
397
699
Charleston
236
237
106
240
322
282
basis, however, and, on the whole, the position of the country is
1,423
Port Royal, &c.
a very good one.
Savanuah
21
126
108
67
134
180
636
A very good movement has been reported in provisions, and
Brunswick, &c.
prices have shown a decided improvement, in sympathy with Galveston
186
76
237
27
512
50
1,088
the Western advices, where a heavy speculative interest is Indianola, &c...
4
4
415
262
637
313
414
709
noted. To-day mess pork was sold on the spot at $14 25@14 60, Tennessee, &c..
2,750
Florida
and for September at $14 20; family mess for September real¬
4
1
Wilmington
27
83
27
142
ized $15 50; contract mess for August was quoted at $14@14 15
Moreh’d City,&c
October, $14 50 asked, and seller year, $11 45@$11 90, bid anc. Norfolk
258
424
324
157
453
467
2,088
asked. Beef has ruled quiet, but beef hams have sold fairly City Point, &c..
510
510
at $22 50@$23. Lard was again higher, at 7'25c. for prime anc. Totals this week 1,408 2,502
1,531
2,897
1,490
3,32 2 13,148
7‘30c. for choice Western on the spot; contract lots sold for
For
we continue our usual table showing this
August at 7,22/£@7‘25c., for September at 7‘35c., for October week’s comparison,
total receipts and the totals for the
corresponding weeks
at 7*37/^@7*42^c. and buyer the year at 7/£c.; refined to the of the four
previous years :
Continent sold at 7*72^c. Bacon is quiet here, but held very
Receipts this w’k at
1880.
1878.
1877.
1876.
1879.
strong in the West. Cut meats etc., have been rather quiet
New
Orleans
Tallow in demand at 6%@(5%c. Butter and cheese have shown
409
792
838
3,808
1,714
Mobile
699
157
210
152
320
a further advance; choice goods are scarce and in
steady re¬ Charleston
43
508
172
577
1,423
quest. The following is a comparative summary of aggregate Port
Royal, &c
100
18
192
613
exports from Nov. 1 to July 17:
Savannah
The
season
for the
...
«...
....
....
....
....
....
....
....
....
....
....
....
....
m
m
m
m
....
....
....
....
....
....
....
....
....
....
....
....
....
....
,
‘
....
Pork..
Bacon
Lard
Total
1879-80.
lbs. 53,672,400
lbs. 609,347,930
1878-79.
Increase.
Ibs.2y4,631,240
61,728,600
502,025,489
257,760,278
7,322,431
36,870,962
lbs.957,631,570
914,514,367
44,193,393
........
Decrease.
1,056,200
Galveston
636
306
782
510
170
1,088
129
331
409
438
Indianola, &c
Tennessee, &c
1,056,200
Coffees have shown
4
8
9
2,750
1,892
686
569
795
137
269
377
Florida
•
Q
North Carolina
142
61
a good degree of activity, and, with the
Norfolk
167
548
211
2,088
551
slight irregularity early in the week on Rio cof¬
510
19
23
31
fee, the tone has been firm and satisfactory. To-day Rio City Point, <fcc
coffee was steady at 14%c. for fair cargoes.
Mild grades con¬
Total this week
13,148
3,272
4,086
3,299
5,589
tinued firm and in active request at 19@22/£c. for Java and 14
Total
sinceSept.
1.
4,433,653
4,880,043
4,256,419 3,956,137 4,081,570
@18c. for Maracaibo. Rice was steady at recent figures.
Molasses was again in good demand and firm at 36c. for 50-test
The exports for the week ending this
Cuba refining and 40@65c. for New Orleans. Refined sugars
evening reach a total of
still firm and wanted at 9%c. for standard “A” and 10@10/£c. 26,20? bales, of which 18,701 were to Great Britain, 5,009 to
for hard grades. Raw sugars sparingly offered and firm at France and 2,497 to rest of the Continent, while the stocks as
7%@7*81c. for fair to good refining Cuba and 8%@8%c. for made ud this evening are now 208,183 bales. Below are the
exports for the week and stocks to-night, and a comparison with
centrifugal.
Hhds.
Boxes.
the corresponding period of last season.
Bags.
Melado.
Stock
exception of
a
....
'
...
July 1, 1880
139,315
9,665
989,618
6,289
Receipts since July 1, 1880
33,264
519
181,912
360
Sales since July 1, 1880
26,836
100
43,412
Stock July 21, 1880
145,743
10.084 1,128,118
6,649
Stock July 23. 1879
28,376
90,594
675,454
4,308
The market for Kentucky tobacco has ruled very dull, the
ending
Great
July 23. Britain.
sales for the week being limited to 149 hhds for export and
104 for home consumption, a total of only 253 hhds. Prices,
Mobile..
however, remain
firm, and lugs are quoted at~4@5^c.
and leaf at 6@13c. Thejmovement in seed leafjhas, on the con¬
trary, been rather more active, the sales of the week amounting
to 1,280 cases, as follows: 200 cases 1878 crop, Pennsylvania,
12@30c.; 250 cases 1878 crop, New England, 13@21c.; 80 cases
1879 crop, New England, 10/£c.; 600 cases 1879 crop, Ohio, on
private terms; 100 cases 1879 crop, Wisconsin, Havana seed,
15c., and 50 cases sundries, 9@18c. There was also a fair
inquiry for Spanish tobacco, with sales of 700 bales Havana
at 82c. @$1 15.
very
Week
N. Orl’ns
Charl’t’n
Savan’h.
Galv’t’nN. York.
Norfolk-Other*..
EXPORTED TO—
France.
5,660
.
.
.
.
....
....
1,614
7,214
2,796
....
Total
this
Week.
Cohtinent.
....
....
!
r
8,456
....
....
....
....
....
....
....
2,213
1,166
1,614
10,593
1,331
5,544
2,497
26,207
....
....
....
18,701
5,009
1879.
1880.
56,802
4,817
2,101
5,116
3,197
4,680 105,807
7,843
....
....
....
4,213
8TOCK.
Same
Week
....
•
•
•
.
....
2,443
22,500
1879.
8,574
2,400
44
1,761
1,817
99,915
1,594
17,000
Tot. this
week..
7,123 208,183 133,105
Tot. since
Sept. 1.. 2536,782
379,533 851,413 3767,733 3379,942
freights have shown a marked advance, and for grain
room a very large business has been effected.
*The exports this week under the head of “other ports” include, from CfclPetroleum ton¬
more, 750 bales to Liverpool and 1,331 bales to Continent; from Boston, 2,305
nage has become quieter. To-day grain was taken to Liver¬ bales to Liverpool; from Philadelphia, 1,008 bales
to Liverpool,
pool, by steamer, at 8d. standard bushel; provisions, 30@
From the foregoing statement it will, be seen that, compared
40s.; cotton, %d.; grain, by sail, 6%d ; do. bv steam to Hull,
9d.; do. to Glasgow, 8/£d.; do. to Tyne-Dock, 8*4d.; do. to New¬ with the corresponding week of last season, there is an increase
castle, 8/£d.; do. to Antwerp, 6s. 3d. per qr.; do to Cork for in the exports this week of 19,084 bales, while the stocks to-night
orders, per sailing vessels, 5s. 8/£d.@6s. per qr.; do to Baltic are 75,078 bales more than they were at tlii3 time a year ago.
In addition to above exports, our telegrams to-night also give
ports, 5s. 9d.@6s.; do. to the United Kingdom, 5s. 6d.; do. to
us the following amounts of cotton on
snipboard, not cleared, at
London, 5s. 3d.; refined petroleum to Liverpool 3s. 10/£d.; do.
We add also similar figures for New York,
in cases to Seville, 24c.: do. in bbls. from Philadelphia to the the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Continent, 4s., and from Baltimore, 4s. 3d.
Naval stores have shown some improvement, spirits turpen¬ Lambert, 60 Beaver street:
tine particularly, which is taken on arrival; the market closed
On Shipboard, not cleared—for
strong at 28M@29e.; strained to good strained rdsins, $1 40@
Leaving
July 23,at—
$1 45. Petroleum, <sn the contrary, has been dull and declining,
Great
Other
Coast¬
Stock.
France.
Total.
Britain.
in sympathy with the creek markets; refined, in bbls., closed at
Foreign wise.
9^c.; crude certificates on Thursday were sold at 90c., but New Orleans.
237
50.222
None.
3,593
2,750
6,580
closed to-day at 96Me. bid. Pig iron, whether American or Mobil©
None
None.
Nonef
None.
None.
4,817
None.
350
None.
None.
350
1.751
foreign, continues to be in demand and well supported in price; Cnarleston...
None.
400
400
None.
None.
4.716
No. 1 American is quoted at $25<§>$26, and Coltness $24. Rails 8avannah...
543
None.
None.
None,
543
2,654
also are strong, with steel sold for autumn delivery at $56. Galveston...
New York...
Not rec eived..
None.
None.
None.
Ingot copper is quiet at 18%@19c. for Lake. Alcohol quoted Other ports..
2,500
2,500
27,843
at 37c. for July and 36c. for August.
Wool is firm, but slow
Total....
92 003
937
Ocean
'
of sale.
6,636
2,750
10,373 |
THE CHRONICLE
98
The
cotton
[Vol XXXI.
rjl
following is oar usual table showing the movement of
at all the ports from Sept. 1 to July 16, the latest mail dates:
g
z
2?
®
73
*?
7»
sept.
Poets.
1.
Great
Britain.
1878.
1879.
&
EXPORTED SINCE SEPT. 1 TO—
receipts since
Stock.
Other
France.
Foreign
K
®
®
Char’n*
22?
®
If: f'M\
885,747 264,020 254,494 1404,261 .61,234
4,727
84,189 10,143 17,355 111,687
2,061
154,040 20,625 170,109 344,774
185,152 18,950 219,990 424,092
4,778
220,291 23,831 49,679 293,801
4,893
459,219 34,304 91,562 585,085 113,040
BavTi.Galv.*.
W. York
Florida
V. Car.
NorTk*
Other..
480,237
726,085
471,066
212,794
20,141
103,135
514,341
705,346
562,866
729,063
559,340
215,369
147,564
56,435
135,033
294,365
Xbiayr. 4866,895
•
•
•
•
1,177
10,447
8,912
26,368
1,479
•
....
•
*
®
:
:
si
.
.
o
:
*•»
1,070
8,321
*
UD
1
Pi
6
p*
•
6
•
il
...
\
:
•
.
:
:
5
;
:
w
.
.
SB
:
:
3
:
: <9
£
3
S
rn
sr
o
B
©
r
O,
Hk
w
23,000
848,916)3741,526 223,124
2518,081;374,529
•
•
GO
•
'
rt
:
:
2
1
1
1
•
•
•
:
: m
:
9
m
•
M
•1
C
:
to
:
X
.
i 3
73
.
.
4430,3812041,021’413,967(917,8313372,819 145,216
bast year
•
•
•
•
9
T
I
7j
•
Cm
-
* Under the head of Charktton is included Port
Royal, Ice.; nnder the head of
IMaaton is included Indianola. Ac.; under the head of Norfolk is Included City
-
iff
:
o
§-?
M
sr,.
7
......
35,487
256,295
236,044
»
toorj.
.
23,863
245,904
£59,676
r|5p&
H?L*
m
Total.
<-►
H.Orlne 1477,572 1172,255
Mobile. 352,437 361,832
r+’*i
^
uu
M© M
oint. Ac.
The market suffered from severe depression during most of
the past week.
The speculation in futures has been strongly
towards a lower range of values. Encouraged by favorable
-5
CO
x>
crop prospects, large stocks, weak foreign accounts and^ a dull
trade in manufactures, the bears have made free offerings on
cc,;
.
business, and
WM
X-l
1»;
TV.,
w
© m
v©
©10
I
I1
-1
o©
99
*7 7*0
i?8
mm2
M
CO
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99©
CMg
MMg
MM^
99
e©
c©
c< Vi
c.
d
cr.d
C> A*|
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%-r
i
99©
vy
998
j
sl
1
•
M
©
ID
M CO
©©
V V
to 10
V V
99S
WM
mS'"
995
Ordin’y.fl)
8%
BtrictOrd..
Good Ord..
Btr. G’d Ord
bow Middy
Btr.L’wMid
8%
9
10
9
10
10%
11%
11%
101*
11*4
11*8
Middling... 1179
1179
Good Mid
12%
Btr. G’d Mid 125s
lOdd’g Fair 1319
13 %
Fair
123<a
..
Ordin’y.^t)
*5 19
105b
10Ji«
HJw
115b
11%
!1»16 12
12%« 12%
12*i« 12%
12%
13*9
13%
Wed i
81*
9%
10%
IOS9
1138
11%
8%
8“i* 9*9
9«1* 10%
131,*
1311,*
Til.
,
vw S»*
9>i*
10i,« 10b3
10*i« 1038
11*1®
in!ie
12
11 M*
#-» f-»
r- r-*
©
9
©©
MW
V V
V V
v^v*-
©-I-
r- —*
995
MM
MM
998
M
OS
998
VV
M
Ci©
-I-J
©M
11%
12
12
12V
12%
ISk
133]*
13%
12%
12%
13%
137a
I37e
131SJ*] 137b
137b
12”i« <12%
11
ll“l
c©
c©
©©
©©
T?.~~s
ISIS
11
1 1l&i
127,*
11211!
1
M
Q
«
!
•>)
X
Good Ordinary
Strict Good Ordinary
bow Middling
# 2b.
8%
8%
9
9
9%
Middling—:
ion
1*
1
■91
©1 5
I
•
I
•
1
! 1
i
1
V
ri r*-1
ri'T
X
1
5
i:sa©
X x ©
^ ^ O
Tue®j Wed
Th.
|Ji« gji*
yi-i*
9%
9®i* 1 9'i*
101%* 10% 110%
?»!•
9%*
10%
8i3i*
9”i*
10%
MARKET AND SALES.
SPOT MARKET
CLOBEP.
Ex¬
Con-
J Spec-
port sump. iul’t’n
Bat..
463
Mon
490
Easy
Dull
Toea.lDuli A i,6 lower.
Wed .j Quiet ana ^ dee.
Tbnrs Quiet and easy
.
161
162
289
273
.
WA. .-Dull
Total
953
Sale®.
25,400
672j 62,500
289j 64,600
....
273:
'40
97.000
288*114,300
*
....
60
1,381
i
2t8j 88,700
2.394 452,500
Deliv¬
eries.
300
300
400
600
300
200
2,100
The daily deliveries giren above are actually delivered the day pre¬
vious to that on which they are reported.
’J
u
The Sales
and
Prices
of
Futures
are
shown
by the follow,
lug comprehensive table. In this statement will be found the
dally market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales :
-
::
-1©
j #s
2
©X
995
V©
j -1
mi;
1
1^1.3
>-*
9 |
-11
9.8
1
5
i!
j
-4 ■*
®
^
•
9 i
‘4
-1
*
*
M
w
*
s
®
o
J—•
SC
S
»-*
i
•
*
•
i
9.
cr>
Ill
1
f
*
:
i
•
1
1
j
4:
i
i 1 :
1
5!
g
1
|
sr
1
© —*
C O
O O
©©
c©
^
MW
M V*
os w
MM
©X
V V
V©
r: 1:
vx
v»©i
1 8
I
I ^
©
-1
w
i %
©
©■
1;
P—
'TT©
*trv
OSM©
vv©
X-J©
CM©
V©©
©to©
rr©
O
i
r-.
^
| ^
^
i
10
^f
1
£ £
j £ 9*
M
5-5
u*
riiie total also includes ealeB in—
Bale®.
Bale®.
Sept., 1879, for Sept
759,600 Sept.-Feb., for Feb
2,437,000
Sept.-Oct., for Oct
1,489,100 Sept -March, for Mar ch.. 3,730,200
2.875/4/>0
Sept.-Nov., for Nov
1,002,600 Sept.-April, fox, April
Bept.-Dec., for Dec
3,473,700
1,688,100 Sept. -5lay, for May
Sept.-Jan., for Jan
3,686.400 Sept.-June, foryune
3.350300
'franisferable Orders—Saturday,
li'65; Mon/lay, 11*40; Tuesday,
11*50; Wednesday, 11*40; Thursday, 11*45; Friday, 11*35.
The
624-
‘*20
243
244
....
Tran¬
sit. TotaL
©-a
©v^,
i %%.
—
Short Notices for
BALES OF SPOT AKD TRAKSIT
V v»
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P— •—
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7i%* 7»i«
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•
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V©
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11 !'5i*: 11
w
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995
XM
,1
2
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3
V
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Mon
1
so
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—
g
13ij6 !l3ii6 131i6
Sat.
1
i *m
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8T
9 ; ©
8i*i*
9151<5! 915!* 91516
10”]* 10716 ,107,*
ii*i« nfi9 ;iUi9
li^i* 11 « iii^i*
1251C ;326i* |125i*
12>1* jl2^!* .12*1*
STAINED.
©Vi
© v
1
Kg
995
.
..
13^j* *13^j
V» V* ^
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MV
X
1131^1
...
Midd’gFair 12l5iefl2l5ie
M^-J
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995
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Wod| Th. j Frl.
Frl.
Good Mid
12^1* il23x*
Btr. G’d Mid 12*i* ;12*i6
Mr....
11%
11%
i ^
1
MM
©
lOhdl
•
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c#
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9
10%
11%
n*&i«
85,
e J 32
Uiiie'lUip
Middling.
e'lcp
9%
10%
o
»—• I-*
w
8%
12*8
12%
13%
8‘3 19.
BtrictOrd.
Good Ord.. 9l3i*i 9J3j^
Btr. G’d Ord 10*1* U0ilc
bow Middy lull* jllij*
Btr.L’wMid
Mon.
Sat.
®
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Tue«
995
w w
(—* >—
Mon Tue«
Cb
c©
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TEXAS.
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Sat.
c©
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csss.
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99
ts
V*
Isis'S
X'J
©S3
week:
July 17 to
July 23.
m v
I
Mr-jr
about one-half the stocks at the ports are in
this market.
To-day the market was quiet and unchanged,
middling uplands closing at 11 ll-16c.
The total sales for forward delivery for the week are 452,500
bales, including
free on board. For immediate delivery the
total sales foot up this week 2,394 bales, including 953 for
export, 1,381 for consumption, 60 for speculation, and
in
transit. Of the above,
bales were to arrive. The following
are the official quotations and sales for each day of the past
NEW ORLEANS.
©©
15C rs,i
MH^
ft©
r.*-
w
x,;
obx,,
now
UPLANDS.
B
I
O' M
co
<-*;£
*-©
^*7©
Wednesday without stimulating
on
*5
I
©©
w
»
I
demand to cover
contracts, and the close was ICtilQ points
dearer, the remote deliveries improving most. To-day, with the
cessation of rains, though the skies are still cloudy, the im¬
provement of yesterday was lost. Spots have also declined,
though not so sharply as futures. Quotations were reduced
Tuesday and £c.
1
MM
'ny»
c«
On Saturday there
was some irregularity, the early months closing lower and the
later deliveries somewhat dearer. But on Monday there was a
more uniform decline, though September and October were best
supported and August most depressed. On Wednesday there
was a decline of 10@14 points, with sales for the
day excep¬
tionally large for the season, the bears apparently throwing off
all apprehension of a “corner*' on any of the next three months.
Yesterday the opening was depressed, but the reports of the
continuance of excessive rains in the Mississippi Valley caused a
on
«?■
C5M
O
MM
lira
sale, under which prices rapidly gave way.
l-16c.
mm
*41
July—Tuesday, 11*50.
following exchanges haTe been made during the week:
pd. to exelL 600 Sept, for Aug.
Thb Visible Supply of
telegraph, is
follows.
| *39 pd. to exch 500 Sept, fqpr Oct.
as made up by callle and
Cotton,
The Continental stocks
are the figure#
Great Britain ard the afloat
returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (J uly 23), we add the item of
exports from the United States, including in it the exports of
Friday only.
as
of last Saturday, but the totals for
for the Continent are this week's
Stock at Liverpool
Stock at Ixiodon
bale®
1879.
1878.
1877.
541.000
663,000
44,370
13.5W
945,000
35,500
750,100
585.370
973*00
2,300
676^500
178.V>0
6.54X1
980,500
73,800
7,020
59,100
41,000
37,500
68,000
1880.
702,000
57,100
”
Total Great Britain stock
Stock at Havre
Stock at Marseille®.... :
Stock at Barcelona
.
219.250
7.500
July 24,
1877.
1878.
1879.
1880.
2.900
40.700
3 6.400
4,000
21,800
41.000
34,100
48,750
3,150
1,320
500
9,750
200
Block at other conti’ntal ports.
24,800
6,200
6,500
23,000
Total continental porta....
229,190
207,41k/
358,500
Total European atoeka.. ..
India cotton alloat for Europe.
Amcr’n cotton afloat for Eurpe
988,290
221,000
792,770 1,035,000 i,448,250
320.000
235.000
328.000
200,000
22,000
208,183
60,000
103/00
133,105
7,478
86,000
94,000
10.000
105,615
22,000
192,930
5,906
14.016
500
1,000
8took
Stock
Stock
Stock
bales
at Hamburg
at lire mem
at Amsterdam
at Rotterdam
Stock at Antwerp...
.
Egypt.Bntzll,Ac.,afltfor E'r’pe
1
Stock in United Htatea porta ..
Stock in U. 8. Interior porta.. .
United BUtea exporta to day..
29,437
4,000
17,750
73.750
46,250
11.500
7,750
7,000
2,500
16,000
467,750
1,072,910 1,325,859 1,478,021 2.100.190
and other deacrlptiona are aa folio wa:
Total vlalbleaupply
Of the above, the totala of American
A mericatv—
Liverpool atock
Continental atocka
American afloat for Europe....
United Htatea atock
United Htatea Interior atoeka..
United Htatea ex porta to-day..
403,000
138,000
200,000
208.183
29.437
413,000
100,000
4,000
2,500
1,042,020
Total American
East Indian, Brazil, d.c.—
Liverpool atoek
London atoek
Continental atoeka
India afloat for Europe
Egypt, Brazil, Ac., afloat
Total Eaat India,
99
THE CHRONICLE.
1880.J
Total American
94,000
192,930
14.010
1,000
500
320,000
10,000
137,000
13,500
59,500
235,000
10,000
331,000
35,500
93,750
328,000
549,770
455,000
810,250
57,100
44.370
91,190
47,400
221,000
22,000
770,083 1,023,021 1,289,940
,.1,072,910 1,325,853 1,478,021 2,100.190
0J;5jfjd.
0'->j <}<1.
Oyj.(jd.
(i&itjd.
Total visibleaupply....
Price Mid. Upl., Liverpool
.
Receipt* at the Port*. Htock at Inter’r Port* liec’pt* from Plant’ll*
1878.
1879.
19,031
21
24.252
20,097
19.732
28
18.220
17,113
4
7
May
‘I
14
*1
41
19.897
10.073
11
12,380
11,231
11,089
14
44
18
J 0.721
44
25
0,879
2
5,919
Juno
770,083 1,023,021 1,289.940
128,000
030.290
1,042,020
Ac
Week
•riding —
374,000
105,015
5,900
239,000
22,000
receipts from plantations.
014.000
520,000
299,000
80,000
00,000
133.105
7,478
from the Plantations.—The following table f«
for
prepared
the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Houthern 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
0.012
44
9
44
1C
3,782
7,188
0,298
3,037
3,032
2.809
44
23
4,080
8.272
July
6.287
1880.
26.001
24,030
20,514
23,704
23,674
1878.
06,770
60.433
1879.
1880.
71,640 180,068
69.249 170.167
1878.
1*79.
14,472
10,700
11,015
8,663
7,882
0,401
1,471
4,005
2.210
4«,;joo
39,026
61,129 :0J,455
9,004
42.198 148,241
34,154
18,680 29,315
19,870 23,287
37,670 130,036
82,429 116,038
29,300 90,190
10,940
7,609
7,000
0.302
4,093
23,51:
21.240
26.223
61.172
4,832
17,057
14,070
10,09!
19,675
18.033
15,494
22,388
20.091
15,628
76,108
71,960
00,198
13,148
12,527, 14,410
60,002
4,384
3,046
J ,2-13
1,119
'
802
1,336
....
2,154
1880.
8,u5
14,130
UAUH
0,650
ll.<Mf
2,98ft
1.099
8,49ft
H>,980
10.911
4,939
8,019
The above statement shows—
1. That the total receipts from the plantations since Hept. 1 in
1879-80 were 4,929,404 bales; in 1878-79 were 4,444,705 bales; in
1877-78 were 4,252,404 bale*.
2. That, although the receipts at the out ports the past
were
13,148 bales, the actual movement
week
from plantations wan
The above figure* indicate an increase in the cotton in wight to¬
only 3,612 hales, the balance being drawn from stocks at thn
night of 347,057 bales aa compared with the same date of 1879, Interior ports. Last year the receipts from the plantations for thn
an increase of 194,883 balea as compared with the corresponding
same week were2,154 bales, and for 1878 they were 1,119 bales.
date of 1878. and a decrease of 427,280 balea aa compared with 1877.
Weather Reports jiy Telegraph, —The weather the panIn the preceding visible supply table we have heretofore only
week
lias been fairly favorable in most sections, but too much
Included the interior stocks at the 7 original interior towns.
As we did not have the record of the new interior towns for the rain and too low temperature is the complaint at many points.
UaJ/oeston, Texan.—There have been showers on three days of
four years, we could not make a comparison in any other way.
the
past week, the rainfall reaching fifty five hundredths of an
That difficulty no longer exists, and we therefore make the fol
inch. The thermometer has averaged 83, the highest being 9(1
lowing comparison, which includes the stocks at the 19 towns
and the lowest 74.
We hear rumors of the appearance of cater¬
given weekly in our table of interior stocks instead of only the
old 7 towns.
We shall continue this double statement for a pillars, but think them of little importance. The crop is in an
Nearly
time but finally shall simply substitute the 19 towns for the 7 exceedingly promising condition throughout the Htate.
every
section
has
had
rain
during
the
week,
which
was
mainly
towns in the preceding table.
as it was beginning to be needed.
beneficial,
Ricking
lias
been
1877
1878.
1879.
A rnerlca/<,—
18 80.
interfered with by the storm.
413,000
520,000
611,000
LIverpool stock
.balea 403.000
Indi/mola, Texas,—We have had hard rains on three days dur¬
2;/9,000
371,000
100,000
Continental stocks
138,000
91,000
00,000
80,000
American afloat to Europe.,.. 200,000
the week, doing good, the rainfall reaching one inch awl
ing
192.930
103,015
133,105
United Htatea atoek
208.183
forty-eight
hundredths. The crop Is as good as possible. Aver¬
J
12,527
25,301
t,110
United Htatea Interior stocks.*
50,002
500
1,000 age thermometer 82, highest 92 and lowest 71,
2,500
United Htatea exx>ort» to-day..
4,000
CortUan/i, Texas.—It has rained (showers/ on four days, with *
783,015 1,029,012 1,301,291
Total American
1,009,815
rainfall of forty-sir hundredths of an inch; but it was not quite
East Indian, Brazil, die.—
enough. The thermometer has ranged from 67 to 97, averaging
Liverpool stock
239,000 128,000 137//00 331,000 81. Crops good.
13,500
35,500
11,370
London stock
57,100
93,750
47,400
59,300
Dallas, Texas.—There have been showers at this point on four
91,190
Contfnental stocks
India afloat for Europe
221,000 320,000 235,000 328,000 days, hut the rainfall was hardly sufficient. The crop prospect
22,000
10,000
10,000
Egypt, Brazil, Ac., afloat
22,000
could lutrdly be better. The thermometer lias averaged 81, the
The rainfall for the week
810,250 highest being 97 and the lowest 67.
549,770 ”f55,000
Total East India, Ac
030,290
783,015 1,029,042 1,301,291
is iifty hundredth* of an inch.
Total American
1,009,815
Brenkaan, Texas.—No have had flue showers on three day*,
Total visible supply
1,700,135 1,332,785 1,481,642 2,111,511 with a rainfall of one inch. Average thermometer 82, highest
These figure indicate an increase in the cotton in sight to night 95 and lowest 70. The crop in this section never promised better.
New Orleans, Louislan/L.—Rain has fallen during the week oa
•f 367,35 / balea aa compared with the same date of 1879. an
imcre'ise of 215,493 balea aa compared with the corresponding date three days, to a depth of one inch and thirty-five hundredth**
The thermometer ha* averaged 84.
•f 1878, and a flecreoM of 411,406 bales as compared with 1877.
Hfirenevort, L'/uisUiria.—The first five days of the past week
At the Interior Ports the movement—that is the receipts
were cloudy and rainy, but the last two davs have been e'ear to
end shipmenta for the week, and stocks to-night, and for the
fair, and unusually cold for the season. The thermometer ha*
corresponding week of 1879—is set out In detail in the following
averaged
77, the highest being 91 and the lowest 64. The rain¬
statement:
fall has reached one inch and sixty nine hundredths,
Vieksl/urg, Mississippi.—Caterpillars have appeared at thl*
Week ending July 23, '80.1, Week ending July 25, *79.
point, but the damage inflicted so far is light, The weather 1*
Receipt* Hbipm’t* [ Btock
getting quite cool.
Rain ha* fallen on five days during th*
iReceipt*
Hblpm’te | Block
i
J
Augusta, G*.....
Columbus, Oa....
Macon, Oa
Montgomery, Ala
Helms, Ala
Memphis, Tenm,
BTaak vilie, Term..
Total, old porta.
I/allas, Texa* *
Jefferson, Tex*,.
Hhreveport. J.a
Vlcfcsburv, Miss..
O/huubus, Mins..
Eofaola, Ala*
Griffin, Oa
Atlanta, Oa
Rome, Oa
Charlotte, S. CJ
Ht, Louis, Mo
|
..
..
...
j
162
58
11
62
20
357
62 1
1,166
574
4,53i
|
2,795 L
3,241 J
14
501
70
2,123 f
3,419
14,521 j
611
20
150
156
206
....
|
6
35
7
50
4
237
27
493
126
895
3,615
j
732
0,642
29,437
j
272
1,245
3
13
26
640
72
1
201
30
27 ?
354
24
89 !
1
10
73
15
2
10
43
15
J
5
•
*
3 87
46
1
10
15
j
week.
2
.
.
;r
„
ColumJtus, Musistrippi. — We are having too much rain, 'The
days have been warm but the nights have been cold the past
1,160
week, with rain on two days, to a depth of ninety hundredth* ot
183
an inch.
The thermometer has ranged from 79 to 87, averaging
2,000
The rain and cloudy weather still continue, and the bolL
3,010 83.
774
283
worm
i
1,000
2,068
7,478
167
157
303
11
45
25
594
137
300
is
reported through the prairie belt,
Cotton late and ten¬
der, and just in condition to be destroyed.
Little Back, Arkansas,—Telegram not received.
NashrAJUU, Tennessee. —It lias rained slightly on two day* the
past week, the rainfall reaching sixteen hundredth* of an inch.
The thermometer lias average/! 75, ranging from 61 to 88. Th#
weather is too cool for cotton.
MempJds, Tennessee.—We hare had rain on four d&yn, with
rainfall of one inch and seventy three hundredths*
Th#
weather
ha*
been
too
the
cold,
thermometer
ranging
from
63
Us
15 1
75 d
125 j
581 !
3,945 86, and averaging 75.
2,266
32,405 ^
With few exceptions, the field* are clear
333
377|
3,600 ]]
1,223 of weed* and well cultivated. Majority finished,
2,334 1
1,800
ObacinnaTi,
AUTjarna.—There hare been delightful showers on
672
1,024
6,353 ] 27,225 jl
2,727
Total, new pq-te
j 6,932 fiveM'l/Ue,
days of the past week, and the Indication* are that they ex¬
Total, all
j 3,459 12,995 f 56,062 '] 944 i 2,269 1 14,410 tended over a wide area, the rainfall reaching two and forty-six
i Estimated.
This year * figure* estimated.
hundredths inches. Average thermometer 79, highest 95 and
Lowest 71.
The crop i* developing promisingly. Caterpillars
the
old
interior
have
destocks
The above totals show that
created during the week 5,910 bales, and are to-night 21,959 bales have appeared, but with limited injury a* yet,
Montgomery, AMjama.—Caterpillar* have done no consider¬
more than at the same period last year.
The receipts at the same
able damage a* yet. It ha* been showery three day* of the weak*
towns hare been 409 bales more than the same week last year.
*
33
60
300
469
20
411 j
244<
593
7,518
1,510
|
5
4
35
170
10
9
a
THE
100
hundredths of
the rainfall reaching eighty-seven
thermometer has averaged 81.
an
inch.
CHRONICLE.
[Vot- XXXI.
The and prices have given
the close is steadier.
about %d.
way
per
lb.; but the tone at
On the other hand, cloth has been from
steady to firm throughout the month. Duty-free and other
having goods suitable for the East have been in good demand, and
done is many producers have been placed largely under orders for for¬
ward delivery.
as yet limited, but much damage is feared.
A fair business has also been done for other
Madison, Florida.—The weather during the week has been foreign outlets. The home trade shows little change, but is
warm and dry, the thermometer having been at 78 all the week.
improving. Altogether the disposition is to regard tne future
The cotton plant looks strong and healthy and the fields are with hopefulness.
The following are the present quotations for specific qualities
clear of weeds.
Macon, Georgia.—It has been showery three days of the past of yarns and goods, compared with those of June 9, May 13,
week, but not enough rain fell to do any good. The thermome¬ April 8 and February 17 :
ter has averaged 82.
Mule Tioist.
W’tr Twist
Shirtings.
Columbus, Georgia.—It has rained slightly on three days of the
week, the rainfall reaching fifty-eight hundredths of an inch.
7 lb.
36’$ 40 fs 50’$ 20 ’$ 30’$
8*4 lb.
Average thermometer 84, highest 96 and lowest '17.
s.
d.
s.
d.
s. d.
s.
d.
d.
d.
d.
d.
d.
Savannah, Georgia.—We have had rain on three days, the Feb. 17
1 *2© 6
6
11 *4 12 Lj 14
11
4*2 7 O © 9 O
I2k>
rainfall reaching hfty-five hundredths of an inch; but the balance
6 0 © 7
1*2 6 9 © 8 6
April 8
11^ 12% 14
10% 1214
5 8
of the week has been pleasant.
© 6 lOLj
6 3
© 8
IL2 10% 11 *4 13k>
9*2 11
The thermometer has ranged May 13
5 8
'S' 6 10*2
9
6 O © 7 10*2 10
11
1312
9*2 10%
from 73 to 97, averaging 84.
There have been three bales of June
5 7*2© 6 10k> 5 lOLj© 8
13
July 8
1*2 9% 11
9% 10%
new cotton received this week, two from Georgia and one from
Florida.
The changes for the month in shirtings vary from a decline
Augusta, Georgia.—The weather during the week lias been of l/£d. to an advance of 3d. per piece ; yarn varies from no
warm and sultry, with heavy and general rain on two days, the
change to a decline of /£d. per lb.
*
rainfall reaching one inch and sixty-one hundredths. The ther¬
MOVEMENT DURING THE SEASON, OCTOBER 1 TO JUNE 30.
mometer has averaged 93.
Accounts good and crop developing
The deliveries to English and Continental spinners during the
finely.
Charleston, South Carolina.—It has been showery four days of first nine month* of the season compare as follows with the
the past wreek, the rainfall reachiDg one inch and nineteen hun¬ figures for the corresponding months of last season:
dredths.
Average ihermometer 84, highest 96 and lowest 74.
Great Britain.
Continent.
The following statement we have also received by telegraph,
1879-80.
1878-79.
1879-80.
1878-79.
showing the height of the rivers at the points named at 3 o’clock
July 22, 1880, and July 24, 1879.
Number of bales.
2,270,500
1,986,200
2,103,350
tSelma, Alabama.—We have had warm, sultry, wet weather,
and rain has fallen on three days the past week.
We are
too much rain.
Caterpillars have appeared. The injury
-
July 22, ’80. July 24, ’79.
Feet. Inch.
New Orleans
Below high-water mark
..
6
Memphis
Above low-water mark...
19
O
9
Above low-water mark...
4
2
Nashville
Bhreveport
Above low-water mark...
11
6
Vicksburg
Above low-water mark...
33
7
Feet. Inch.
5
11
1L
2
1
0
3
5
10
7
449
4375
Av’ge weight (lbs.)
Total weight (lbs.). 1,019,454,500 869,956,000
Bales of 400 lbs..
2,548.000
2,175,000
2,050,060-
893,923,750 865.125,000
2.235.000
.
The deliveries for this
to
422
425
2,1 G3,000
include 57,140 American (equal
64,850 bales of 400 lbs.) deducted from stock for cotton for¬
season
warded and not previously returned. The correction is fully
reported below high-water mark of 1871 until borne out
by the Board of Trade statistics; and it is not
Sept. 9, 1874, when the zero of gauge was changed to high-water
unlikely
that
a further deficit of 30,000 to 50,000 bales will be
mark of April 16 and 16, 1874, which is 6-lOths of a foot above
discovered on taking stock at the close of the season. The
1871, or 16 feet above low-water mark at that point.
New Orleans
has arisen from the non-return of cotton forwarded direct
from the quay to spinners by importing firms not members of
the Brokers’ Association.
The “ forwarded ” cotton returned
error
Co.’s Circular for July.—We have this week
received Mr. Ellison’s July circular, and give it in full below:
Ellison
&
COURSE OF THE LIVERPOOL MARKET, JUNE
10 TO JULY 8.
Our last report was issued on the 10th June. During the
previous week the market had been very firm, and prices had
gained 3-16d. per lb. The improvement made further progress
on the 11th ult.; but at noon on Saturday, the 12th ult., there
was a pause, owing chiefly to the announcement of a failure in
the clearing house and to the apprehension of further difficul¬
ties of the
same
kind. Thence to the 17th the market
was
very
inactive; the spot sales fell to small dimensions and futures
were quite neglected, ending in a decline of l-16d. to Y&d. per
lb. There was a temporary advance of l-32d. to l-16d. on the
18th ult., but the market relapsed into dulness on the follow¬
ing day, and thence to the 24th the tone was flat and at times
depressed. The spot sales for the week averaged only 6,000
bales per day; futures were almost unprecedentedly idle, and
prices gave way l-16d. to Ysd. on the spot, and about the same
for futures, from the best rates paid on the 18th ult.
During the subsequent week there were slight fluctuations of
l-32d. to l-16d., without any appreciable net change. The spot
sales averaged about 7,000 bales per day, and the business in
futures was very limited ; but there was no pressure to sell, and
prices were fairly maintained, the confidence of holders being
strengthened by the slow tendering of June-July deliveries, ana
by the scarcity of the grades of American suitable for tender
against contracts. Between the 1st and 5th inst. there was
very little change; the business continued small, and near
cotton hardened, but distant cotton was unchanged. Since the
5th inst., however, the tone of the market has gained strength,
owing to the more satisfactory tenor of the Manchester advices
and to the demand to cover contracts.
advance of l-16d. to
per lb.
The principal fluctuations in the
during the month are shown in the
Spot.
June-
July.
X
•
55
.
The result is
an
prices of middling uplands
following table :
Aug- Sept.Oct.
Sept.
Oct.Nov.
Kov.Dee.
Dec.Jan.
62332
613ie
61932
62i32
62100
gl132
67ie
6*2
6*4
0%
6932
6H32
63ig
6932
6H32
6316
65s
6IO32
614
6f4
6)4
by brokers amounted to 387,600 bales for the first half of this
year, against only 183,360 bales for the corresponding half of
last year ; and it is well known that the quantity forwarded
by firms outside the association has increased in a similar ratio.
It is not unlikely that part of the 57,000 bales has gone into
consumption. In some quarters, indeed, it is thought that the
whole quantity has been used. But we are inclined to think
that one-half, if not two-thirds, remained in stock at the close
of the half-year. However, a few weeks will decide the matter.
If spinners begin to take nearly their full rate of consumption
from Liverpool, it will show that the 57,000 bales were used
before the end of J une ; but if they continue their late small
takings, and there is no “ short time” of moment, and no stop¬
page of machinery owing to “ strikes,” we may conclude that
all or part of the 57,000 bales remained in stock at the date
named. Meanwhile we shall assume that two-thirds—or 38,000
bales (equal to 43,200 bales of 400 lbs.)—did so remain, leaving
19,000 bales (21,600 of 400 lbs.) to be added to the quantity con¬
sumed prior to June 30th.
The average rate of consumption in Great Britain in June
was probably about 65,000 bales of 400 lbs. (or 58,000 of 450
lbs. per week), or 260,000 bales for four weeks, making with the
2,195,000 previously consumed (including 21,660 added for
error, as explained above), a total of 2,455,000 for the nine
months. Whitsuntide occurred in June last year. There was
also some “ short time ” besides, that occasioned by the holi¬
days, and the consumption did not
average over
52,000 bales
per week.
The rate of consumption on the Continent in June was not
less than 52,000 bales of 400 lbs. per week, and may have been
a trifle more ; last year, in the same month, it was about 50,000
to 51,000 bales per week.
For the nine months the total for
this year is 2,016,000 bales, against 1,929,000 bales last year.
On the basis of the foregoing estimates, the movements for
the thirty-nine weeks were as follows, in bales <f the uniform
weight of 400 lbs.
!
June 10...
“
"
“
“
'
July
.
12
17
18
24
613i6
678
61316
6*3i6
6%
6%
l
623.2
613ig
62i32
6%
65a
62I30
634 “
8
62332
613J6
62i32
634
658
658
623^2
Compared with the rates of
tions for American show
a
61932
c716
61232 6716
6Hie 617.02
67S2
6H30
6°32
6632
6732
6^32
6°32
6732
month since, the spot quota¬
advance of l-16d. in low
middling
upland Mobile and Texas, and middling and good middling
Orleans ; but no change in any other descriptions or qualities.
an
In Brazils, there is an advance of
to 3-16d. in Pernam and
Maceio (except good fair Pernam, which is raised only
l-16d.), and l-16df. in Maranham. In Egyptian, there is a
decline of %d. for brown, but no change for white. In East
Indian, Broach and Bengal are l-16d. higher ; but other sorts
are unchanged.
COURSE OF THE MANCHESTER
So far
very
as
yarns
MARKET, JUNE 10 TO JULY 8.
have been concerned, the market has been
quiet all month, owing to the slow demand for export,
Great Britain.
1879-80.
Lbs.
Surplus st-ock Oct. 1.
Deliveries to June 30
Supply
Consumption
in
Continent.
1878-79.
1879-80.
Lbs.
Lbs.
27,000
2,548,000
35,000
2,175,000
2,575,000
1878-79.
Lbs.
94,000
2,235,000
117,000
2,163,000
2,210,000
2,329,000
2,260,000
2,455,000
2,101,000
2,016,000
1,92.9,000
120,000
109,000
313,000
351,000
-
39
weeks
Surplus st’k June30.
PROSPECTS.
We stated last month that both Liverpool and 3Ianchester
had for some time been liquidating the enormous anticipatory
business done early in the year, and that the process did not as
yet show any very distinct signs of drawing to a close. The
work of liquidation is still going on, but there are indications
that the end is approaching, and that new business is being en¬
tered into. This is not yet very perceptible in respect of yarn,
THE CHRONICLE.
101
'
July 24, 1880. J
*~w
but it is unmistakable in respect of cloth, in which a considera¬
ble “ forward” business has been done during the past few
weeks, and an increased demand for yarn is certain to follow.
So far as concerns the immediate future course of
prices, only
the merest guess can be advanced, owing to the “ unknown
:rs
ners were enormous
purchasers in November, December, Janu¬
ary and February; and their operations, besides
leading to
heavy losses in money, introduced a great deal of confusion
into the cotton statistics.
“
The whole matter is clear
quantity” introduced into the problem by the alleged existence inquire into it.
a
of
large “ short” interest for July, August and September
“futures” in the face of an exceptionally small
supply of cotton
of the right sort to tender
against these unclosed contracts.
Most persons are apprehending a “ corner” of more or less im¬
portance, and until the time during which it is supposed this
“corner” can be established has passed
away, all attempts to
cast the horoscope of the market must be
merely conjectural.
Later on, however, everything will
depend upon the pros¬
ton forwarded
Every
year
enough to those who care to
a certain quantity of cot¬
there is
by parties not members of the Brokers’ Associa¬
it is well known to have been larger than
ever before.
The
quantity
of “ forwarded” cotton returned by
the members of the association
was, up to June 26th, 387,610
bales, against only 183,360 bales last year; and it is only natural
to
suppose that the quantity forwarded by outsiders has in¬
creased
tion, and this
in
a
year
similar ratio.”
New Georgia Cotton.—The first bale of
pects of the American crop. If these continue good, any
Georgia cotton of
the crop of 1880 arrived in
advance which shall take place in prices
Albany, Georgia, on Saturday after¬
the coming
during
three or four months would soon be lost
noon, July 17.
It was raised by Primus Jones, and is said to be
again ; but if any dis¬ the
earliest ever produced in the State. It sold for
aster should happen to the
15 cents
crop, we might, for a time at least,
witness an important advance. The accounts from the South a pound and was shipped to Savannah, where it arrived
are not so
uniformly glowing as they were a month since, but (Sunday night) Julv 18. It was sold in Savannah July 19 at
they are still favorable for a good yield, and very large esti¬ 10^c., being classed strict good ordinary.
mates are current.
New Cotton.—The first bale of new
cotton, which we noticed
THE COTTON TRADE OF INDIA.
last week as received in
Houston, Texas, on the 12th inst., was
A recent official report contains the
following particulars of shipped from there by W. D. Cleveland to Latham, Alexander &
the imports of cotton yarn and
grey piece goods into India in Co., New York, and was sold on Saturday of last
week, July 17,.
each of the three years ended March 31 :
at auction in front of the New York
Cotton Exchange at 35
COTTON YAKN.
cents per pound, to N. W.
Emerson, a cotton broker.
Gunny Bags, Bagging,
Dutiable.
Duty Free.
Total.
Etc.—Bagging continues in the same
quiet state noted in our last report. Buyers are not in
Lbs.
Lbs.
any
Lbs.
need of stocks, and the business is
1878
48,810
36.145.315
only of a jobbing character,
.36,191,125
1879...:
and
to
1,819,096
place a large parcel considerable of a concession would
31,332,555
33,145,651
188u
2,548,5.16
30.665.316
33,213,852 have to be made, and this holders are not
disposed to make,
GREY PIECE GOODS.
preferring to hold their goods. Prices are unchanged, and 10c.
for 1% lbs., 10:Me. for 2 lbs. and 11c. for
standard grades are
Dutiable.
Duty F/ee.
Total.
still the nominal figures.
Butts are not active, but prices
show no change, holders and
Yards.
Yards.
Yards.
buyers being too far apart in
1878
532,577
their views to lead to business and the close is
292,005,002
292,537,579
;
1879
nominal at 3@
21,796,881
753,323,513
775,120,394 3 Me as to quality.
1880
371,310,464
534,269,669
,
,
908,580,133
Comparative Port Receipts and Daily Crop
Movement.—
A comparison of the
port movement by weeks is not accurate,
as the weeks in different
years do not end on the same
The same report furnishes the
following particulars of the
•exports of Indian machine-made yarns and goods:
1875
1876
1877
1378
1879
1880
Goods.
Lbs.
2,834,725
Yards.
Not recorded.
6,228,511
6,040,335
7,926,710
15,600,291
21,332,508
day of the
consequently added to our other standing
tables a daily and monthly statement,
that the reader may con¬
stantly have before him the data for seeing the exact relative
month.
Yarn.
movement for the years named.
since Sept. 1 has been as follows:
8,846,483
1*3*545,464
22,517,799
25,800,501
25,861,854
We have
Monthly
Receipts.
Year
1879.
The
movement
each
month
Beginning September 1.
1878.
1877.
1876.
The Stock of American Cotton in Liverpool.—The
1875.
1874.
Liverpool
Post remarks upon this subject as follows :
Sept’mb’r
333,643 288,848
96,491
236,868
169,077
134,370
“
October..
888,492
As some doubts have been cast
689,264
578,533
075,200
610,316
536,968
upon the propriety of the Novemb’r
942,272 779,237
alterations made last week in the stock and
delivery figures of DecembT 956,464 893,664 822,493 901,392 740,116 670,295
American cotton, it will be
900,119
787,769
821,177 759,030
satisfactory to all parties to know January
647,140 618,727 689,610 500,680 637,067
that the corrections made by the Cotton Brokers’
444,052
Association
are confirmed
by the Board of Trade statistics, issued under the February. 447,918 566,824 472,054 449,686 479,801 383,324
March.
Cotton Statistics act. Owing to the difference of
261,913 303,955 340,525
182,937 300,128 251,433
dates, and to April
the additional circumstance that the first
158,025
167,459
197,905
100,194
103,593 133,598
weekly circular for May
this year was not issued until
110,006
84,299
90,314
08,939
92,600
January 8th, against January 2nd June
81,780
last year, the figures for the first six months of
88,455
29,472
42,142
36,030
the two years
42,234
56,010
cannot be compared with those of the Board of
Trade ; but if Tot Jn. 30 4,837,328 1,421,749 4,238,2 4C
3,939,755 4,056,109 3,450,872
we take them from the last
Thursday in September to the last Perc’tage of tot. port
.
..
....
season, we
have
an
exact
period of
receipts June 30..
according to the Brokers’
Association:
1879-80.
September to December..
January to June
538,000
1,119,000
Error..
57.000
Total
“
And here
Trade:
are
1,086,000
1877-78.
459,000
1,071,000
1879-80.
1,714,000
1,564,000
1,530,000
the deliveries according to the Board of
September to December..
January to June
Total
1878-79.
478,000
1879-80.
1878-79.
541,000
494,000
1,101,000
1,181,000
;
1,722,000
Brokers
1,595,000
1,075,000
1,564,000
1,549,000
1,530,000
8,000
31,000
62,000
19,000
73,000
Difference
Excess discovered in September
“
stock), the Board of
still 8,000 bales greater than those of the
surprising.
was
Spin-
1,112
97-56
96-78
98-85
1877-78.
1870-77.
1875-76.
1874-75.
-
840
914
961
8.
849
1,184
656
452
3,045
'
780
8....
2.068
334
930
9....
“
4,563
2,232
563
322
1,013
815
10....
790
798
1,128
287
674
631
694
1,034
479
1,485
465
346
726
629
439
758
1,282
1,205
979
8.
653
“
“
,
s.
“
“
above 57,000
before.
1,530
1,761
“
Is not
It is due partly to the fact that 32,000 bales of the
were forwarded by one firm which this
year ceased
to be a member of the Cotton Brokers’
Association,
but whose
returns were last year
given in regularly from week to week,
and this year only in one
lump sum last week ; and partly to
the fact that the direct
forwarding
from the shipside by firms
not members of the association
has this season been more than
double the volume sent last season or the season
7....
"
Sep¬
discrepancy is larger this season than last,
6....
“
“
31,000 bales and the year
stock-taking at the close of the
season there was a deficit of
62,000 bales last year and 73,000
bales the year before. If these
figures are anything to go by,
there will be a further deficit of from
30,000 to 50,000 bales (in
addition to the above 57,000 bales) discovered at the end
of
tember next.
“
That the
1878-79.
“
“
So that, notwithstanding the addition of
57,000 bales to the
trade deliveries (and their deduction from
Trade figures are
Brokers. Last vear the excess
before 19,000 bales; and yet at
97*52
Tot. Jn.30 4,837,328 4,421,749
4,238,240 3,939,755 4,056,109 3,456,872
July 1....
343
1,904
918
8.
1,073
480
“
2....
2,902
271
970
1,541
8.
543
“
3....
1,521
1,548
1,170
1,864
2.518
650
“
4....
S.
629
701
848
1,009
8.
“
5....
414
2,024
1,163
307
2,067
668
1877-78.
474,000
1,714,000
9942
This statement shows that
up to June 30 the receipts at the
ports this year were 415,579 bales more than in 1878-79 and
599,082 bales more than at the same time in 1877-78.
By adding
to the totals to June
30 the daily receipts since that time
we shall be able to
reach an exact comparison of the move¬
ment for the different years.
11....
12....
13....
14....
15....
16...
“
17....
“
18....
“
19....
“
20....
“
21....
“
22....
“ 23....
Total
8.
1,874
983
399,
s.
2,187
409:
783
206;
255j
2,632
1,106,
8.
!
Thursday in June in each
nine months to compare with the nine calendar months
of the
Board of Trade—September 30 to June 30.
“
Here are the deliveries to spinners
2,502
8.
834
158-
1,382
3 so:
«
8.
8.
563
364
793
572
613
839
8.
679
872
8.
325
633
415
1,468
1,217
1,094
477
996
567
239
1,338
614
874
703
l,531j
s.
1,490,
5 42!
2,897!
.521;
772
3,322
406;
489
{
■
8.
8.
572
8.
237
8.
489
326
545
4,880,043 4.432,230 4,254,071 3,954,345 4,078,157
3,471,252
Percentage of total!
!
p’rtrec’pts July 23.1
99-60 J
97*89 j
97*92
97*30 '
99*20
[7f
102
since Sept. 1 up to
that the receipts
This statement shows
[VoL. XXXI*
CHRONICLE.
THE
York this week snow an
The Exports op Cotton from New
increase, as compared with last week,
bales, against 8,466 bales last week.
the total reaching 30,595
to-night are now 447,813 bales more than they were to the same
Below we give our usual
day of the month in 1879 and 625,972 bales more than they table showing the exports of cotton from New York, and their
We add to the last direction, for each of the last four weeks; also the total exports
were to the same day of the month in 1878.
table the percentages of total port receipts which had been and direction since Wept. 1, 1879, and in the last column the total
received to July 23 in each of the years named.
for the same period of the previous year.
Exports of Cotton (bales) from New York since Sept. 1,1879.
India Cotton Movement prom all Ports.—The figures
Same
which are now collected for us, and forwarded by cable each
Week ending—
Total to period
Friday, of the shipments from Calcutta, Madras, Tuticorin, Cardate.
previ’ua
July
June
July
Exported to—
war, &c., enable us, in connection with our previously-received
21.
14.
year.
30.
report from Bombay, to furnish our readers with a full and
9,158 9,077 6,311 7,214 437,933 248,478
©omplete India movement for each week. We first give the Liverpool
28,500 10,593
Other
British
ports
Bombay statement for the week and year, bringing the figures
down to July 22.
7,214 466,433 259,071
Total to Great Britain 9,158 9,077 6,311
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
336 1,660 2,213 36,517 14,402
2,890
Havre
Shipments since Jan.
Shipments this week
Great
lotal. Britain.
Tear Great Conti¬
nent
Brit’n.
:i
Conti¬
3,000
1878 6,000
1877 11,000
Jan. 1.
7,000 1,030,000
759,00C
5.000
837,00C
4.000
984,000
4,000
806,000
542,000
661,000
766,000
According to the foregoing, Bombay appears to show an increaee
compared with last year in the week’s receipts of 2,000 bales
jui increase in shipments of 8,000 bales, and the shipments since
January 1 show an increase of 264,000 bales. The movement at
Calcutta, Madras, Tuticorin, Carwar, Ac., for the same week and
and
years
has been as follows.
CALCUTTA, MADRAS,
Great
Britain.
Conti¬
1,000
10,000
1,000
1,000
5,000
1880
1879
1878
1877
Shipments since January 1.
Total.
Great
Conti¬
Britain.
nent.
2,000
15,000
1,000
191,000
178,000
72,000
79,000
nent.
The above totals for this week show that
the ports other than Bombay is 13,000 bales
of last year.
For*the whole of India,
-
Total.
267,000
287,000
123,000
135,000
76,000
109,000'
51,000
56,000
the movement from
less than same week
follows.
EXPORTS TO
EUROPE FROM ALL INDIA.
1878.
1879.
1880.
Shipments
from—
Bombay
All other p’rts.
Total
Since
Jan. 1.
This
week.
This
week.
Since
Jan. 1.
This
week.
Since
Jan. 1.
15,000
2,000
806,000
267,000
7,000
15,000
542,000
287,000
.1,000
661,000
123,000
17,000 1,073,000
22,000
829,000
10,000
784,000
date, at all India ports.
and Shipments.—Through arrange¬
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 the past week and for the corre¬
sponding weeks of the previous two years.
Alexandria, Egypt,
1878.
1879.
1880.
July 22.
'
A cantar is 98
Sept. 1.
This
*i week.
This
Since
week. Sept. 1.
I Since
‘Sept. 1.
1,000 170,000
500
79,000!
235,000
495
796
37,521
19,055
25,698
15,333
2,202
2,835
82,274
20,370
7,048
3,406
5,610
10,454
5,610
80
915
495
1,648
1,416
Spain, Op’rto, Gibralt'r,&c
All other
370
1,416
Spain, Ac
Total
8.466 10,593:595,678 299,553"
12,963 12,477
Grand Total
Boston, Philadelphia
Receipts op Cotton at New York*
and Baltimore for the past week, and since
September 1, 1879.
This | Since
Since
This
Since
This
week. Sept. 1. week. Sept.l. week. Sept. 1.
Since
This 1
week.
|Sept. 1.
1,0481199.055
Texas
981 111,416
23,545
2,969
Savannah
530481,487
38,373
Mobile
Florida.
S.Car’lina
N.Car’lina
1
.
!
Tenn., &c.
Foreign..
106j
This year.
5,217j
Last year.
2,750 895,588
*
68,418
65
13,200
10,610
80,476
109 54,139
481 152,475
704 204,343
6,059
922 213,716
2.575
55 16,021
31
1611 42.144
Virginia..
5,279
1,290
5,660
765 113,483
North, pts
Baltimore.
Philadelphia.
Boston.
New York.
Receipts
792
“266 63,373
734 155,232
15,000
5,442
321
1,324 428,054
*
975
53 161,723
143 89,341
361,404
188,505
461
87,313
1,082,805.
News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
29,703 bales. So far as the Southern ports are concerned, these
States the
the
are
reported by telegraph, and
exports
same
published in
Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
the Chronicle last
Total bales.
Liverpool, per steamers Philomene, 977—
City of Montreal, 563
Spain, 1,327
Scythia, 354....
City of Berlin, 519
Others, 1,704
per ship Hoghton
New York—To
Tower. 1,770
To Havre, per steamers Woodburn, 1,048
To Bremen, per steamer Kohn, 796
To Oporto, per brig Aablne, 370
New Orleans—To Liverpool, per steamers
,
France, 1,165..
J
Enrique, 2,820....;
Explorer, 3,525
To Havre, per steamer Borinquen, 2,796
To Vera Cruz, per steamer City of Mexico, 1,389
Norfolk—To Liverpool, per bark Jennie Harkness,
Baltimore—To Liverpool, per steamer Hibernian,
per bark Pepa, 1,100
:
bags
Boston—To Liverpool, per steamers Massachusetts, 182—
Minnesota, 213
Palestine, 1,191
•an Francisco—To Liverpool, per ship Hecla, 42 (foreign)
The
403,000
Liverpool.
New York
7,214
New Orleans.... 6,345
Norfolk
5,110
Baltimore
1,842
Boston...
1,586
San Francisco...
42
are as
...
that the receipts for the week ending
cantars and the shipments to all Europe
Market.—Our report received from Manchester
July 23 states that the market is quiet, with a moderate busi¬
We give the prices of to-day below, and leave previous
weeks’ prices for comparison.
796
2,213
2,796
Oporto. Vera Cruz.
370
370
6,345
2,796
1,380
5,110
1,842
1,586
42
29,703
Total.
10,593
10,536
5,116
1,842
1,586
1,359
42
370
1,389
freights the past week have been as
follows:
796
5,009
22,139
Total
Cotton
Havre. Bremen.
7,214
2,213
796
arranged in our usual
particulars of these shipments,
follows:
form,
This statement shows
Manchester
115
Europe
163,000
lbs.
July 22 were
were 2,642 bales.
915
....
Total.,
2.642 466,750! ]
Total Europe
*
Since
1,500 291,280
1,142 175,470:
To Continent...
2,767,000
1,663,000
3,204,000
j This
i week.
Exports (bales)—
To Liverpool....
14,502
5,110
729 and 13
Receipts (cantars*)—
This week....
Since Sept. 1
36,517
1,453
Total to North.
Alexandria Receipts
ments we
2,213
Shipping
9.000
This last statement affords a very interesting comparison of the
total movement for the week ending July 22, and for the three
years up to
1,660
Hamburg
from—
therefore, the total
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
to all Europe
336
Other ports
...
as
2,890
The Following are the
RANGOON AND KURRACHBE.
TUTICORIN, CARWAR,
Shipments this week.
Year.
Total French
Bremen and Hanover
15,000 15,000 344,000 462,000
4,000 7,000 237.000 305.000
3,000 9,000 284,000 377,000
3,000 14,000 370,000 398,000J
1880
1879
Since
This
Week.
Total.
nent.
100
Other French ports
Receipts.
1.
29,703
ness.
1878-79.
1879-80.
8*4 lbs.
32s Cop.
Twist.
Shirtings.
Cott’n
32s Cop.
Mid.
Twist.
814 lbs.
Shirtings.
Uplds
Cott’n
Mid
Uplds
Satur.
d.
d.
May
June
§i
«
Ju}r
it
it
s.
21
28
9la'a>10l4 6
91aa>10l4 6
4
6
6
6
6
6
4
6
d
11
18
25
2
9
26
23
9^2,1014
9^310^
9
9
'a,
9\
9i4®10
'w
9i45>l0
9 3g
®
1014
d.
s.
9 ®7
d.
61318 93s310
712 37
7*2® 7
71237
7*337
4^37
41337
71337
713
713
713
713
GHis 9183934
9143934
650
6i;q<3 9143934
61316 9b33934
8 7s'S95s
6 34
6 34
S733958
61316 63439^
8^3914
67e
613j8 8i339b*
71337
71337
6
6
713
713
9
d.
d.
d.
s.
d.
5 IOI337 1013
5 101337 IOI3
6
'aS
5 101*237 IOI3
'37 9
5 9
5 71-237 6
5 71337 6
5 6 'd/1 6
5 6 ®7 6
5 41337 413
s.
d.
7313
613^
7
7
673
678
615i6
67q
613ig
6&I6
Tues.
Wednes.
Thurs.
Fri.
316®l4 31Q® *4 316®*4 318® *4 316® ^
Do
sail...d. 632®732 532®732 B32®732 532'a7 32 B32^732 532®316
*16
*16
*16
*16
*16
*16
Havre, steam—c.
Liverpool, steam d.
Do
d.
9
Mon.
sail
c.
Bremen, ste%m. .c.
Do
sail.
3l«®14
e.
*3
Do
sail
*3
7ie'*1fl
*16
*3
d. II32® 3g
c.
*3
*2
*3
32
^3
3S
716®l632 716®1532 716'®1532 716®1&32 716^i532 716^1532
*3
Hamburg, steam, d.
Do
sail...d. 716'^12
*16
Amst’d’m, steam.c.
*2
Bail-..c?.
Do
Baltic, steam
33
*3
518
518
*2
33
33
*2
7ie®1a
716^£/ *2
7180'13
716®12
*16
*16
*16
*16
h
*3
1132'®36 1*32
516
B16
■
ll32'a
510
33
3&l*32'0'3&
5ie
/
July 24,
THE CHRONICLE,
1880.J
Liverpool.—By cable from Liverpool,
statement of the week’s
we have the following
sales, stocks, &c., at that port:
July 2.
Bales of the week
bales.
Bales American
Of which exporters took
43,000
32,500
3.900
....
Of which speculators
Actual export
took..
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
July 9.
1,770
7.900
13,000
768,000
514,000
99,000
79,000
282,000
132,000
July 16.
47.500
35.500
4,700
1,470
6,100
19.500
56,000
755,000
717,OOC
501,000
473,000
27,OOC
19,500
263,000
124,000
53,000
32.500
262,000
116,000
without improvement, No. 2 mixed selling at
ana September.
To-day there was
were
for
August
change.
July 23.
47,000
33,000
5,400
2,200
40,000
5,600
3,100
5,500
12,000
103
117,000
compared with similar exports during the corresponding
previous fiscal year:
as
HHHH
© o o ©
«“t
S » (P »
— —
to toe c
0 3©®
MflBC
P $
*
o o *
0D CM
\
12:30 p.m.
J
Firm.
5 P. M.
\
\
Fair.
Easier.
Steady.
67s
67a
67s
7
67a
7
7 •
7
—
Bales
—
7,000
1,000
Bpec.&exp.
5 p.m.
J
Easier.
8,000
1,000
8,000
1,000
8,000
1,000
Steady.
Weak.
In
Weak.
buyers’
favor.
d.
I
Delivery.
-July
C2732 I gept.-Oct
July-Aug.. .G2532®1316 Oct.-Nov
Aug.-Sept
G2332 I
Friday.
Mod. inq.
'
Delivery.
July
Sept.-Oct
62732
6i732
d.
6*73a
6t>32
Delivery.
July-Aug
Aug.-Sept
6233j
6233a
freely
ww;
©o.
61*18
6**16
6*318
6**16
8,000
8,000
1,000
©©X«
-IX
G2532
6**32
6*2
Barely
©©
week
6**32
6*^33
I3I3ICWMMM
*~MMMXMm-lM
•
cc©xm ;
mcowM
Delivery.
6^4
Nov.-Dee
.6*s
July-Aug
Aug.-Sept
Sept.-Oct
6**i«
Jan.-Feb
.6*8
6®b
July
Oct.-Nov
6Ji«
Sept.-Oct
6316
-6*332
.6*332
-6**16
62332
6
Aug.-Sept
*8ept.-Oct
61332
Delivery.
July-Aug
.6**3,
Nov.-Dee
6*32
-
are given
:
tommM«-*m©x©
XMM©OliMtOM
Delivery.
July-Aug
Oct.-Nov
July
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.
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Delivery.
July-Aug
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6**32
6*^32
to
w
6*8
Nov.-Dee
6333
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Mar.-Apr
6*8
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sharp decline for new
and for July delivery, but for August
and September the reduction is comparatively small. A large
demand and continued bad weather in England have revived
speculative confidence. It is apparent that the last crop of
winter wheat is pretty nearly exhausted, and the new crop,
being earlier than usual, has come forward in sufficient quan¬
tities to break down prices. Last Friday old No. 2 spring and
No. 2 red winter were 7 cents apart in value on the spot, and
yesterday only 3 cents ; and it seems probable, such is the de¬
mand for old wheat, that in August old spring will be worth
fully as much as new winter. To-day No. 2 red winter further
declined, and sold at $108% for August and $ 108/£ for Septem¬
ber ; but other grades were about steady.
Indian corn has been active, but at declining values, under
large receipts and favorable crop prospects. Yesterday No. 2
Western mixed sold at 48%c. spot and August and 48%c. for
September, closing with bids still further reduced. To-day the
market was weak, especially for spots and August.
Rye has ruled firmer; though nominal on the spot, consider¬
able sales of prime Western have been made at S2c. for August
and 79<&80c. for September.
Oata have been scarce and advancing on the spot, but futures
©©
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fair demand.
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Sept.-Oct
irregularity and variableness in the
In the flour market the demands
products of old wheat of recent
grindings, but the supplies of these have been so limited as to
cause much irregularity in values.
Flours from new wheat
have been more plenty, and are offered at declining figures.
To-day there were no new features, nor decided change in
values. Rye flour was in fair request. Com meal very firm,
a
tomm©to©mMW©M
►0
market for the past week.
have been mainly for the
—V
it-© ©-i © oc-j ©
-I
Friday, P. M., July 23, 1880.
-J © ©•
mi-*t3©©Mi-‘XM
©©xto-*©© mx
©
Delivery.
Aug.-Sept
There lias been much
*»>
I0|0M©
Aug.-Sept
Sept.-Oct
BREADS TUFFS.
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fi
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mm
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Oct.-Nov
Nov.-Deo
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Oct.-Nev
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In the wheat market there has been
;
.
.
Friday.
July
s*
ir
•
b©t-i©
Or.
=?*
Ml-*
Delivery.
July
Delivery.
s-
©to©
tOH-*©x
pe¬ b
is m
rn
Thursday.
July
b
x©: ;
© Moom
© w*-©
0© © © ;
Weak.
steady.
6**ie
delivery.
Aug.-Sept
Sept.-Oct
Delivery.
3
.
|->M'
-IX-
Wednesday.
July.,.
July-Aug
.
; •
so: •
© © • :
S'
OCX
1,000
Delivery.
-July
,ei316 t Sept.-Oct
I Oct.-Nov
July-Aug—.... 634
Aug.-Sept
62332 J Aug.-Sept
Delivery.
©
-lx
c c
cow
o©
Tuesday.
Delivery.
B
5
wwi :
£
e o
Monday.'
red winter
M
r*
tsx
Delivery,
a
© ©
-
t—»t—*
—
The actual sales of futures at Liverpool for the same
below. These sales are on the basis of Uplands, Low
unless otherwise stated.
Saturday.
with
S'
® ©
mVa-3©
{
9s P
co
Futures.
Market,
•a
supplied.
Mid. Upl’ds
Mid. Orl’us.
Market.
o o •
X
^
© ©
Market,
$
M
PiP.
Saturday Monday.
Spot.
—11—.
*3tO£ £
23, and the daily closing prices of spot cotton, have
Tuesday. Wednes. Thursd’y
decided
months of the
The tone of the Liverpool market for spots and futures each day of the
week ending July
fceon as follows:
no
Statement of exports of domestic breadstuffs from the under*
mentioned customs district* of the United States, during th«
month of June, 1880, and for the twelve months ended the
same,
6.500
5.500
702,000
463,000
35,500
24,000
239,000
32%@32%c.
© X©©
m;
cc
©.*
©
S:
©
the reports
from Buffalo Creek, Miami.
New Haven, Oregon, Ore., and Oswegatchie, the details for
June, 1880,
being
as
follows
are
:
New
Buffalo
Creek.
Indian
Indian
| yafue/V’-V.*.
meal
{ yJSSc! $1
corn
com
Miami.
IJaveu.
Oregon,
Or«.
Oncer
yalehie.
731,634
301,468
300
1,092
535
130
1,000
3,200
!!!!!!
210
100
48
the spot
Value, $
157,756
::::::
Wheat flour
£ valued.* !!!!*.’
*!!.’!!
479,318
300
Jur)e> 1879>$
32,500
Total values for 12 11880, $
610 4,575,601
mos. end. June 30 > 1879, $ 2,167
1,793,457
The following are closing quotations:
Total
iota!
values
16,667
15,003
177.850
5 Juue» 1880, $
values^
450
17
2,700
5,948
2,362
61,541
106
15,003
20,233
897,015
5,341
34,640
965,223
9,546
Flour.
# bbl. $2 65® 3 35
sui>erflne
4 10® 4 35
Spring superfine
3 65® 4 15
Spring wheat extras.. 4 35® 4 85
do XX and XXX--- 5 00® 6 50
No. 2
Winter
Winter shipp’gextras.
do XX and XXX...
Patents
Western ‘*rye mix.”...
4 60® 5
5 25® 6
6 50® 8
5 00® 5
Wh
No. 3
*
Brandywine, Ac
®1 03
1 00
®1 09
105
®1 10
® 1 10*a
®1 12
®1 12
® 481*
Amber winter
Red winter, No. 2
White
No. 1 white
106
Ill
Cora—West, mixed
44
2 65® 3 00
® 3 15 j
I
1 10
487s®
49 ®
50 ®
48
51
531*
Rye
82
®
84
Oats—Mixed.
34
®
35
®
38
44
White
Com meal—
Western, <ko
spring, # bu.$l 00
No. 2 spring
West’ll No. 2, new
West, yellow, new
West, white* new
City shipping extras. 4 50® 5 70
Southern, bakers’ and
family brands
5 50® 6 75
South’n shlp’g extras. 4 75® 5 25
Eye flour, superfine.. 4 60® 4 00
500
Grain.
...
00
50
50
40
851
Barley—Canada W
State, 4-rowed
®
®
State, 2-rowed
Pea8’-’Can’dalb.&L
®
®
82
....
....
as.
CHRONICLE.
THE
104
for the week ending
July 17, 1880:
30,468
.
Milwaukee
Toledo
Detroit
38,954
250
.
.
Cleveland
8t. Louis
.
.
Peoria
Duluth
.
.
Total
Bame time ’79
230,055
28,159
2,824
25,950
1,619
25,249:L,087,185
7,550
2,200
1,600
2,572
91,600
257,055
.
bush.
45,602
July 17, inclusive
1877.
1878.
1,693,696
131,902,295 105,710,100
101,307,199
64,123,007
31,073,772
10,416,738
4,141,030
Barley
Rye
ports from Aug. 1
1877-78.
1876-77
5,852,883
4,844,353
90,908,638
75,621,652
85,400,425
26,382,915
39.060,990
79,442,739
91,384,656
31,439,274
9,554,555
4,650,039
128.509,701
74,000
291,355
2,782
13,909
13,886
3,667
50,000
60,000
206,004
2.074
43,623
46,700
66,301
Peoria
77,500
78,305
997,410
343,980
1,523,000
On rail (est.)
On lake (est)
On caual (est) —
1,282,000
466,763
60,861
543
2,117
504
13,825
348
1,451
116,577
3,671
1,511
83 ,787
"ill
2,451
2,300
131,506
75,140
15,600
29,109
21,445,782
8,474,786
2,817,192
9,370,112
3,974,186
183
465,580
402,400
4,212,000
3,300,000
6,088
348,680
270,000
July 17,’80. 10,924,075 15.477,913 1,993,303
July 10, ’80
10,979,880 17,240,688 2,279,775
July 3. ’80
12,264,920 16,733,218 2,823,762
June 26, ’80
13.913,340 18,097,790 3,080,549
June 19, ’80
15,550,196 17,564,027 2,802,798
July 19, ’79
13,473,847 10,796,086 1,536,901
36,142
8,274
189,000
Total
6,228,071
.
89,879,435
bush.
same
859,843
1878-79.
1879-80.
5,460,478
12,000
480,471
73.491
1,128,909
27,494,985
84,008,071
16,660,338
bbls.
65,438
73,854
173,279
Baltimore
movement) at the
to July 17, inclusive, for four years:
13,679
Philadelphia
9,668,005
2,701,936
24,000
2,500
30,116
1,364
1,676,413
Montreal
32,136,410
50,310,809
13,971,358
2,891,252
1,997,369
22,212
20,168
*...
34,809,872
51,314,261
10,399,995
25,425
484,132
59,016
56,626
98,307
St. Louis
Boston
Toronto
Indianapolis
Kansas City
40,493,828
395,938
1,271,758
Oswego
2,185,662
15,479,462
2,412,809
502,796
299.625
Duluth
3,080,439
Total receipts (crop
Wheat
Corn
Oats
45,703
26,903
1879.
2,549,859
1,189,042
Flour
11.635
510,345
bush.
39,000
8,319
235.348
Detroit
541,617
bush.
6,807
2,666,301
Toledo
3,493,5i5
Barley
Bye...
Total grain....
1,066
22,425
3,800
Rye,
bush.
29.500
Albany
Barley,
Oats,
Corn,
bush.
1,150.000
Buffalo
93,121
1880.
2,089,751
New York
Do. afloat (est.).
**hi ca^ro
Milwaukee
31,693
168,700
183,875
bush.
In Store at—
3,113,663
bbls.
Wheat
Com
Oats
4,848
17,500
at same ports from Jan. 1 to
Total receipts
for four years:
Flour
(32 lbs.) (48 lbs.) < [56 lbs )
274,494
3,785 20,962
1,250
34,450
4,050
10,432
103,164 52.281,240 2,917,957
107,925 12,013,533 1L,783,581
.
...
.
797,241
*
Wheat,
bush.
bush.
bush.
bush.
(60 lbs.)
272.650 25,028,379
62.505
26,800
bbls.
(196 lbs.)
Chicago
follows:
Rye,
Barley,
Oats,
Corn,
bush.
(56 lbs.)
Wheat,
Flour,
At—
grain, comprising the stocks in granary
of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, July 17, was as
The visible supply of
at the principal points
Produce Exchange Weekly.”)
{From the “New York
[Vol. XXX L
280.180
133,674
129,583
211,334
237,986
293,426
357,879
234,065
341,743
180,656
156,213
235,772
THE DRY GOOD3 TRADE.
Friday. P. M.,
The business in
July 23, 1880.
dry goods has been spasmodic and irregular
There was a large force of wholesale buyers in
who devoted a fair share of attention to the exam¬
Comparative shipments of flour and grain from the same
1 to July 17, inclusive, for four years:
ports from Jan.
ination of new autumn goods; but their operations were less
1880.
1879.'
1878.
1877.
Flour
2,942,228
2,247,601 liberal than has frequently been the case at this stage of the
bbls.
3,679.671
3,138,941
9,693,386 season.
28,459,632
30,651,231
Under the influence of considerably lower prices, there
Wheat
busb. 29,630,330
227,937,162 200,749,290 151,241,489
264,020,676
Total grain
the
past week.
the market,
Total grain
115,812,704
....
1,635,902
9,057,632
1,584,295
1,656,361
91,839,265
84,353,101
11,734,783
2,032,535
1,630,301
1,063,227
Barley
Rye...
lake
from Western
Rail shipments
weeks ended:
—
1879.
1878.
Week
Week
Week
83,720
85,634
79,345
343,980
402,400
348,680
6,088
36,142
659,323
406,857
308,257
11,322
335,357
163,441
199,088
196,372
65,270
25,101
16,223
1,137,290
1,451,029
1.347,944
583,147
.
£
Flour,
ending—
July 17
bbls.
114.115
Julv
10
125,698
July
3
138,021
59,815
June 26
Total, 4 w’ks.437,649
4 weeks ’79.. 464.095
*
563,122
417,210
7,154
8,023
shipments from same ports for last four weeks :
Rail and lake
Week
July 22
67,312
i,.>.bu8h.
Total
1877.
Week
July 21.
Corn
Oats
Barley
Rye
54,581,590
ports for the
July 19.
bbls.
Wheat
and river
7,356,816
2,073.123
803,965
1880.
July 17.
Flour
34,149,295
43,595,161
45,784,814
70,233,283
13,200,563
Corn
Oats
Wheat,
Corn,
bush.
bush.
1.417,762 3,353,754
1,125,083 4,673,291
1,210,195 4,140,576
1,838,194 4,171,005
Oats,
Barley,
bush.
bush.
570,003
536.571
603,621
605,767
6,038
11,509
26,587
13,414
Rye,
bush
36,142
29,221
44,703
34,700
57,598 144,766
63,553 301,397
5,591,234
'
2,315,962
5,631,003 7,824,233 1,879,390
16,338,629.
Receipts of flour and grain at
ended July 17:
Flour,
Wheat,
Corn,
bush.
bush.
bbls.
At-
seaboard ports for the week
Oats,
brush.
Barley,
Rye,
bush.
bush.
103,743 11,446,361 2,373,628 :L38.650
37,730
25,852 443,650 52,800
2,500
55,000
3,500
293,442 16,830
116,561
12,610
633,300 62,400
222,000
10,680
8,600
201,150
12.735 1 1,625,500
New York
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
33,916
6,816
1G5,168
Total week..... 187.856 c 1,470,190 4,165,338
Cor. week ’79— 153,097 3,664,450 1,665,418
8,878
1,000
1,300
4,500
450
20,785
1,000 15,128
302,565
401,977 25,200 85,653
inclusive, for four years:
And from Jan. 1 to July 17,
1878.
1879.
1880.
1877.
3,494,610
...bbls.
4,885,713
5,315,360
4,495,181
Wheat... ..bush.
Corn
Oats
48,611,754
84,321,184
47,769,800
66,868.151
5,687,471
45,037,914
13,010,965
1,586,817
822,418
1,713,057
38,006,266
64,066,528
10,933,061
2,402,332
2,505,300
148,353,138 129,913.215 117.913,487
62,581,322
Flour...
.
Barley..
Rye
Total grain
....
11,451,395
2,110,812
Exports from United States seaboard ports
July 17:
for week ending
From—
Flour,
Wheat,
bbls.
bush.
16,300
1,420,327
163,470
16,516
1,860
6,781
445,542
271,792
995,844
Total for w’k 109,627
Bame time’79. 123,895
3,296,965
New York
Boston
Portland
Montreal
Philadelphia..
Baltimore
68.170
9,245,108
1,971,435
639,394
and from Montreal
Teas,
Com,
Oats,
Rye,
bush.
bush.
bush.
bush.
3,169
8,100
1,844
1,698,657
79.745
800
462,084 173,551
3,250
565,326
164,740
13,472
2,960,552 180,770
8,100 15,316
1,951,796 2,230/723
5,891 84,513 58,279
was
a
large movement in wool flannels and Kentucky jeans,
prints and dress goods were effected by
and fair sales of dark
manufacturers’
agents; but staple cotton goods moved slowly
relatively small quantities. Foreign goods remained
inactive in first hands, but there was rather more inquiry for
and in
certain fabrics
by early buyers.
Domestic Cotton Goods.—The exports
of domestics from this
abroad during the week ending July 20 aggre¬
gated 1,675 packages, including 831 to Great Britain, 309 to
Argentine Republic, 132 to Hayti, 115 to Brazil, 60 to Mexico,
63 to British West Indies, 43 to Cuba, &c. There was a steady
demand at first hands for plain and colored cottons, and a fair
aggregate distribution was effected iin relatively small lots);
but buyers manifested more or less timidity, owing to tin*
declining tendency of the staple, and future wants were only
anticipated to a moderate extent. Cotton flannels were in fair
request, and low grades continue to sell in advance of produc¬
tion. Dark prints have been opened by agents at 6%@7c. for
standard makes and 5/£@6c. for 56x60s, and moderate sales of
the most popular makes were reported; but the demand lacked
spirit despite the above low prices. Print cloths ruled quiet
and steady at 4c. for 64x64s and 3%@3^c. for 56xG0s.
port to markets
Domestic Woolen Goods.—The most
the woolen
important feature in
goods market was a large movement in flannels,
leading makes of which were reduced from 10 to 15 per cent.
The reduced prices for flannels enabled agents to close out
their surplus stocks, and orders for goods to arrive were then
accepted “ at value ” only. Kentucky jeans were also fairly
on a lower range of values, and
Island doeskins was disposed of to a
active
the entire stock of Deer
large jobbing house on
Men’s-wear woolens moved slowly aside from
grade fancy cassimeres, a fair business in
which was stimulated by price concessions.
For cloakings
there was a moderate inquiry and repellents were a trifle more
active. Blankets were in light demand, but generally steady
in priee, and carpets remained unchanged.
Fall styles of
worsted dress goods were opened by leading agents (at a shade
below last season’s prices), and fair sales were reported.
Foreign Dry Goods.—The demand for foreign goods con¬
tinues light, but as importers have about completed their
assortments for the coming season, a more active movement is
expected shortly. Black and colored cashmeres have been in
moderate request and steady, but most other fabrics remain
private terms.
low and medium
quiet.
./ j
U
<r
,
,
CHRONICLE,
THE
1880. J
Receipts of Leading Articles of Domestic Produce.
Importations of Dry Goods.
importations of drygoods at this port for the week ending
July 22, 1880, and for the corresponding weeks of 1879 an<
The
1878, have been as follows:
22, 1880.
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING JULY
»
1879.
1878.
Value.
Pkgs.
$
Manufactures of—
660
897
294,663
252,172
Silk
688
428.043
754
960
669
1,052
196,620
1,262
361
66,541
477
Flax
Pkgs.
Value.
$
Wool
Cotton
Miscellaneous.....
1880.
Value.
Pkgs.
$
322,837
315,783
1,432
458,068
983
248,665
899
631,688
455,191
641,334
197,511
80,682
429
146,271
t
105
1,581
The
following table, based npon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports),
also the receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
New York Produce
Week
ending Since Jan.
1880.
July 20.
62
Beans
3,658 1,238,039
Total
4,122 1,426,035
5,324 2,071,995
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE
MARKET
DUR-
ING THE SAME PERIOD.
190
175
31
329
69,097
42,044
24,300
47,923
220
142
54
182
551
10,212
325
1,276
193,576
3,658 1,238,039
923
Ent’d forconsumpt.
220,445
4,122 1,426,035
529.389
1,813
5,324 2,071,995
market...
4,934 1,431,615
5,045 1,646,480
7,137 2,601,384
Wool
Cotton
Bilk
Flax
Miscellaneous
Total
Total
on
-
12,188
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
Cotton
Bilk
392
221
68
263
356
Flax
Miscellaneous
476
214
72
227
78
175,322
53,918
46,122
62,623
33,381
664
246
105
396
402
88,187
48,833
34,203
37,034
SAME
PERIOD.
198,391
75,769
51,695
56,647
8,170
1,196
510
236
557
132
486,849
163,139
169,497
129,598
32,771
Total
Ent’d forconsumpt.
1,300
371,366
3,658 1,238,039
1,067
388,672
4,122 1,426,035
981,854
2,631
5,324 2,071,995
Total at the port...
4,958 1,609,405
5,189 1,814,707
7,955 3,053,849
Imports of Leading Articles.
The following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1880, and for the
same period in 1879:
ITlie quantity is given in packages when not otherwise specified. |
1880.
1879.
China, Ac.—
China
Earthenw
Glass
Glassware
Glass plate.
Buttons
9,495
29,974
453,498
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
Drugs, &c—
Bark, Peru.
Blea. powd.
21.105
..
.
.
,
Cochineal..
Gambier
.
.
Gum, Arab.
3,978
25,090
1,340,016
4,ISO
5,058
Oil, Olive..
30,007
1,257
..
..
•
5,324
26.841
17,745
1,208,560
9,490
22,474
16,000
2,500
73,559
4,407
Indigo
Madder, Ac
•"Opium
Soda, bi-cb.
Soda, sal...
8oda, ash..
Metals, Ac7,048 Lead, pigs
20.840 Spelter,
23,030
7,587
..
800
1,313
83,170
123,197
84,597
baskets..
Wines
777
$
value.
31,500
30,200
1,773
5,120
852,€09
59,200
001,502
220,984
Corks
Fancy goods
Fish
579
Molasses....
Metals, Ac—
Cutlery
449,569
929,519
398,368
30,840
26,575
$
748,840
42,326
446,678
211,524
..
.
Oranges...
08,400
4,148
2,015
825
290
WoodsCork
Fustic
362,015
Logwood
46,442
469,121
140,045
..
Mahogany.
Exports of Provisions.
are the exports of provisions
218,086
bbls.
Liverpool....
Glasgow
Hull
Bristol
British ports.
Havre
Marseilles....
Bremen
Antwerp
Hamburg....
8tettin
German ports
Spain
435
561
569
76
....
Cent. Amer..
25
.50
....
m
m
m
Cuba
....
West Indies..
British Col...
Other count’s
Total week..
Brev’s week
.
1,733
495
551,647
30,699,305
161,700
7,264,520
2,476,471
*
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed.
Hides
86,393
2,172
4,361
bbls
304,407
472,331
30,172
^...bags
11,566
bush.
bales
bags
896
No.
3,754
Hops
bales
157
66,235
88,173
31,174
10,682
Leather
Lead
sides.
70,740
2,940
2,275,813
107,261
Molasses
hhas.
111
42,023
bbls.
60
Turpentine, spirits... bbls.
3,687
15,752
14&
pigs.
545
94,904
24,688,468
1,247,115
21,918,186
5,56i:879
2,123,848
232,777
429,470
14,758
3,338
94,867
117,184
85,606
39,642
2,348,990
437J24
4,941
75.432
Naval Stores—
Rosin
Tar
Pitch
Oil cake
pki
Oil, lard
Oil, whale
bb
galls.
326
2,271
49,253
205,203
11,631
1,328
391,591
3,951
Peanuts
Provisions—
Pork
Beef
Cutmeats
Butter
Cheese
bush.
1,013
54,617
64,529
2,296
94,395
253
20,890
988,324
729,699
1,022,482
382,759
387,424
95,258
40,674
38,747
30,242
12,149
165,344
Turpentine, crude
bbls.
bbls.
bbls.
55
16,028
i>kgs.
:..
pkgs.
.pkgs.
4
31,754
35,438
71,386
9,687
9,838
1,424
pkgs.
pkgs.
bbls.
Lard
Lard
.tcs. A bbls.
kegs.
No.
Hogs, dressed
Rice
......
851
pkgs.
slabs.
Spelter
Stearine
1,006
410
pkgs.
bbls.
bhds.
Sugar
Sugar
Tallow
Tobacco
Tobacco
boxes A
.
-
-
91
pkgs.
1,290
cases.
2,360
4,031
8,148
64,382
87,904
43,781
4,390
2,192
187,822
45,306
bbls.
Wool
-
70
hbds.
Whiskey
1,040
37,886
172,539
14,343
1,331
249,292
11,733
181
bales.
23.393
1,623,578
769,180
1,126.399
303,403
482,392
31,704
49,869
22,614
62,495
18,220
1,106
-
29,802
59,268
85,859
44,294
165,078
75,481
lbs.
110,000
879,090
136,960
240,000
28,950
|
Cheese.
lbs.
tbs.
-
**
:
Tallow,
33,000
708.403
120,200
16,000
55,000
133,800
400
366
29,099
3,487
1,740
400
5,725
649
3,515
655;600
17,700
1,035,175
196,050
18,480
252,640
280,500
110,000
409,200
4.401
1,120
4,280
2,019
5,000
358
1,224*
1
132
1,041
Beeswax
Breadstuffs—
lbs.
1,200
56,078
28,238
Wheat
bush.
Rye
bush.
Oats
bush.
4,992
1,573,086
8,253
4,143
Barley
bush.
20
Peas
bush.
bush.
1,9.68
1,886,353
2,464
Corn
Candles
Coal
Cotton
Domestics
pkgs.
tons.
bales.
pkgs.
Hay
Hsps
bales.
bales.
Naval Stores—
Crude turpentine
6,201,268* 4,336:786
bbls.
bbls.
Spirits turpentine
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
125
*332
1,979
cwt.
39,203
21
6
25,405,756
35,774
27,066
361,892
58,168
70,644
2,028
12,821
137,109
4,249
3,508
3,333,136
69,907
gals.
324
gals.
gale.
gals.
22,308
90
1,654,£
3,£
25,388,.
2,337,(
354,1
101,t
222,c
19,542,1
34,"
44, S
155, l
73,1
37,a
15,7
5,
109,
4,
3.
977,
186,267
777
206,383
489,015
53,799
737,931
7,863,353
128,624,226
119,401,077
bbls.
bbls.
tierces.
3,846
134,524
29,422
lbs.
9,770,627
600,347
3,961,926
138,552
35,287
35,892
325,872,172
14,219,355
57,673,631
7,841,571
165,664,345
Tobacco, leaf
kales and
hbds.
eases.
Tobacco,manufactured. lbs.
Whalebone
7,601
1,675
4,410
bbls.
bbls.
bbls.
lbs.
lbs.
lbs.
....bbls.
lbs.
Lard
Rice
Tallow
Tobacco
396
gals.
Sperm
Cheese
7,749,543 13,263,420 6,853,276 3.127,630
5,9 31,159 16,158,701
627
95,830
31,351,074
951,908
290,142
262,656
207,046
40,469
1,500
2,781,775
76,000
99,750
bbls.
bbls.
bbls.
284.955
84,358
401,924
116.955
Same time
last year.
Ashes, pots
Ashes, pearls
2,486
lbs.
65,040
64,250
6,850,011 4,055,348
644,975 1,982,040
967,100
305,300 674,462
10,000
ending Since Jan. 1,
1880.
July 20.
2,120,705
from New York,
Bacon,
Week
172
2,000
160,862
14,920
....
426
159
18
following table, based npon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1880, to the same day, and for the cor¬
responding period in 1879:
the
107,511
951,005
57
2
The
Corn meal
6
....
637,
4,774* 2,351
7,244
23,922
2,447,080
bbls.
bbls.
5,500
180,115
....
....
184
96
50
25,857,073
Flour, wheat
17
25
m
110
1,883,261
Flour, rye
885,180
160,000
238,880
2,159,324
702,540
768,000
32,000
6,000
202,293
23,437
20,710
21,667
....
12
....
8. A C. A
Lard,
....
241
....
Brazil
Mexico
Hayti
Beef,
bbls.
51
662
268
75
85
2,751,653
91,372
320,217
182,452
Orleans, for week ending July 17, 1880, and their distribntion
To—
69,888
217,002
Boston, Baltimore, Philadelphia, Montreal, Portland and New
London
2,340,495
3,244
Exports of Leading Articles of Domestic Produce.
59,032
98,774
730,290
64,421
Pork,
91,951
310
1,380,528
408,957
407,446
5,813,083
284.429
following
79,199
1,090,257
311,214
Hardware...
9,057,219
1,336,101
Nuts
533,615
Raisins
012,422
700 Hides, undr. 14,875,865
2,753! Rice
211,327
27,925! Spices, Ac.—
893
Cassia
136,118
66,251
Ginger..
1,451 Pepper....
390,795
305 Saltpetre...
261,698
Lemons
2,245
121,408
1,976
.
bbls.
Fruits, Ac.—
500
..
...
Flour, wheat
Champ’gne
....
tvory
Jewelry,AcJewelry
The
740,584
8,405 Cigars
2,085
.
5,128
40,262
.
925,307
Tin, boxes.
Tiu slbs.,lbs 19,035,851
200,530
Paper Stock.
Sugar, lihds,
432,331
tcs., & bids.
Sugar, boxes
and bags...
1.975,099
Tea
441,008
Tobacco....
44,973
20,933| Reported by
143,587
Hides, dr’sd
Watches
Linseed
44.125
1,097 Wool, bales.
2,064
8,505
India rubber
348,087
Steel
3,868
Hides, Ac.—
Bristles
39,457
4,273,758
3,440'
8.003
Hemp, bales
1879.
5,751
1,114,451
30,872!
39,379
50,100
4,450
Hair
3,984
40,760
2,140j Wines, Ac.—
939
Gunny cloth
2,419
28,464
•
Breadstuffs—
Eggs
23,418
11,110 Waste
8,452
Flax
Furs
1880.
131,907
19,102
•*
2,831
649
261,710
87,081
71,179
99,850
9,569
Same time
last year.
hbls,
Wheat....
Manufactures of—
1,
lbs.
839
541
ftl 9
11,652
2,622,611
49,219,450
2,297
2,218
36,861
36,627
24,845
3,543,329
53,355
500
94,445
6,350
32,647
350,787,128
17,802,476
70,509,669
147,183,408
9,467
39,985,496
28,122
14,961
3,918,874
31,916
THE CHRONICLE.
106
Buttrick & Elliman,
BONDS, STOCKS and INVESTMENT SECURITIES
BobGHT AND 80LD ON COMMISSION.
C. A. Buttrick, Member of the N. Y. Stock
Wm. Elliman, Member of the N.Y. Mining
Exch’ge
Exch’ge
Kimball, Howell & Co.,
68 BROADWAY AND
And all kinds of
c
COTTON CANVAS, FELTING DUCK, CAR CO VER
1NG, BAGGING, RAVENS DUCK, SAIL TWINE8
AC.
“ ONTARIO ’ SEAMLESS
BAGS,
•‘AWNJNG STRIPES/
▲Iso, Agents
17 NEW ST.,
Buy, Sell and Carry on Margins
£
United
A full
State* Bunting
{Company.
supply all Widths and Colors always In stock.
No.
Exchange
Jas. L. Antony, Member N. Y. Stock Exchange.
Henry W. Poor.
Jas. H. Oliphant, Member N. Y. Mining Exch’ge
109
George A. Clark Sc Bro.,
All
kinds
FAULTED
LOUIS
Give full description, aDd
price paid for them.
address,
L. A. COftUARD,
BANKER AND BROKER,
124 N. Third street, St. Louis,
mo.
:
Tuesday, August 17
Friday. Sept. 17
Sunday, Oct. 17
NEEDLES
BROADWAY, NEW YORK.
HELIX
miLWARD’S
400
E. R. Mudge, Sawyer&Co
AGENTS
FOR
Washington mills, Chicopee mfg. Co.
Burlington Woolen Co.,
Ellerton New
DE BEBIAN, Agent,
6 Bowling Green.
Atlas Mail Line.
col
mills,
Our Aspinwall steamers form
Panama with the steamers of
mills,
:
Aug. 6 | ETNA...
For North Hayti and Maracaibo
ARRAN
Aug. 10 | HOUSSA
Hosiery. Shirts and Drawers
From Various Mills.
NEW YORK,
BOSTON,
43 & 45 White Street,
15 Chauncey Street
PHILADELPHIA,
J. W. DAYTON, 230 CHESTNUT STREET.
close connection at
For Porto Rico
CLARIBEL
Atlantic Cotton
.
the Pacific Steam
Navigation Company, being the quickest and most
direct service between New York and the west coast
of South America. Sail from pier 51 North River.
For Kingston, Savanilla and Greytown :
AILSA
Aug. 19 | ATHOS
For Kingston, SavanillA and Carthagkna :
ALVO...
Aug. 5| ATHOS
Sept. 2
For Port au Prince, Aux Cayes and Jacmkl :
ATLAS
Aug. 4 | ALPS
AND
ILLINOIS DE¬
Highest market
of MISSOURI and
COUNTY BONDS.
follows
CALDERA
-
Saratoga Victory mfg. Co., ocean mills
WANTED:
and Marseilles every month as
FERDINAND DE LESSEPS
VILLE DE MARSEILLES
m
AND
Buy and sell on commission, for investment or on
margin, all securities dealt in at the New York
Stock Exchange.
B. R. Lear.
T. H. Curtis.
C. I. Hudson,
Member N.Y. Stock Exch.
amounts to suit.
Through bills of lading granted for Genoa, Cadiz,
Buy and Sell on Commission all Securities
Current at the New York Stock Exchange.
Allow interest on Deposits. Make Advances
on Approved Collateral.
COURT, NEW YORK,
CANADA, Frangeul
Wed., July 28,10 A. M.
LABRADOR. Sanglier
Wed., Aug. 4. 4:30 P. M.
ST. LAURENT, Santelli...Wed., Aug. 11, 9:00 A.M.
PRICE OF PASSAGE, (including wine;.
To Havre—First cabin. $100 and $80.
Steerage,
$26, including wine, bedding and utensils.
Return tickets at very reduced rates.
Checks drawn on Credit Lyonnais of Paris in
Barcelona. Oran and Algiers.
PRICE OP PASSAGE TO DIRECT PORTS :
First cabin, $100
...Steerage, $32.
Street, New York,
Devonshire Street, Boston.
3 EXCHANGE
street.
Travelers by this line avoid both transit by Eng¬
lish Railway and the discomforts of crossing the
Channel in a small boat.
mediterranean Service.
BANKERS AND BROKERS,
„C. I. Hudson & Co.,
(new) No. 42 North River, foot of Morton
Steamers will leave New York direct for Bordeaux
No. 19 Broad
83
France.
to
Between New York and Havre.
From Pier
Street.
Duane
ANTHONY, POOR & OLIPHANT,
And
Direct Line
GENERAL TRANSATLANTIC CO.
COTTON SAILDUCK
Exchange,
All Securities dealt In at tlie
Co.,
ONLY
'Manufacturers and Dealers In
N. P. Henderson,
H. Kimball, J. P. Howell,
Members N. Y. Stock
&
New York.
Nos. 37 & 39 Wall St,
Steamships.
BrinckerholT, Turner
BROKERS,
AND
BANKERS
Cards
Commercial
Financial.
[VOL. XXXI
...
:
Superior accommodation for first-class passengers.
For freight or passage apply to
PIM, FORWOOD A CO., General Agents,
No, 37 Wall Street.
Insurance.
MARINE AND FIRE INSURANCE.
Fred. H.
Smith,
COMMERCIAL
BROKER,
AND
BANKER
No. 52 EXCHANGE PLACE, NEW YORK.
RAILROAD
Mutual Insurance Co.,
SECURITIES
An intimate knowledge of all for the past
A SPECIALTY.
Investors or Dealers wishing to
invited to communicate.
State,
10 Years.
Nos. 57 and 59 William Street.
bay or sell are
Municipal and
INSURES against
Railway Bends and Coupons bought and sold at best
Market Rates.
No.
H.
Geo.
Prentiss,
11 Old Slip, New York.
Russell &
MARINE,
Co., China,
Commission Merchants and Ship Agents,
BROAD
19
NEW
STREET,
YORK.
GAS STOCKS
AND
Hong Kong, Cnnton, Amoy, Foochow, Shang¬
hai and Hankow.
Agent in America, S. W. POMEROY, Jr.
New York Office, 59 Wall Street.
Boston Office, 44 Central Street.
Wire
STREET RAILROAD 8TOCKS AND BONDS
AND ALL
BROOKLYN
DEALT
SEE GAS
superior quality
suitable for MINING AND
BROKERS,
Surplus,
.
Steel
Wall
Street, New
SOUTHERN
A
BANKERS
Exchange.
Barrett,
2GO middle
BROKERS
Street,
PORTLAND, mAINE,
pealers in Government, State, County, City and Rail¬
road Bonds, Bank Stocks, &c.
PeslrablelXLYestment Securities constantly on band
$4,983,226 81
872,484 06
JAMES BUELT
.
President.
LIBERAL AND IMPc Rf ANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
Examine the new form of Policy issued by
United States Life Insurance Company before
suring elsewhere.
After the premiums for three or more years hav
been paid, upon receiving the required notice from
the assured the Company will continue the Policy
in force without further payments, for its FULL
FACE, for such a period as the ENTIRE RESERVE
will carry it.
default.
The new form of Endowment Policy provides
That if the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
term, the excess shall be used as a single premium'
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from
the policy-holder, on blanks fur¬
nished by the Company.
SPECIALTY
AND
-
premiums, excepting in the event of the deatfc
occurring within three years after the origina:
State, Municipal and Hallway Bonds and Coupons
bought and sold at best market rates. Investors or
dealers wishing to buy or sell are invited to communi¬
Swan Sc
-
-
above, the full face of the Policy will be paid—no
deduction being made for foreborne or unpaid
York City
SECURITIES
cate with us.
Member of the New York stock
-
-
Y.
Should the d ath of the insured take place during
the continued term of insurance as provided for
Pens.
BANKER AND BROKER,
6
261—264 Broadway, N.
Assets,
»t
MASON & CO.,
43 Broadway, New York.
John B. Manning,
The United States
Life Insurance Comp’y>
BB for
FLAT STEEL AND IRON
ROPES for Mining pur¬
poses manufactured to or¬
der.
Stocks, Railroad Bonds, Governments, and
No.
WAINWRIGHT HARD1E, Vice-Prea’t
sion of
Ships’ Rigging, Sus¬
pension Bridges, Derrick
Ferry
Guys,
Ropes, &c. A
large stock constantly oa
hand from which any de¬
sired
lengths
are
cut.
Miscellaneous Securities. Bought and Sold
J
W\ IRVING COMES, President.
Transmis¬
Power, &c. Also,
Galvanized Charcoal and
No. 52 EXCHANGE PLACE, NEW YORK.
.
PURPOSES
Inclined Planes,
J. D. Probst & Co.,
BOND
of
HOISTING
IN.
QUOTATIONS IN THIS PAPER.
AND
Rope.
IRON
SECURITIES,
$810,804 75
1, 1880
HENRY D. KING, Treasurer
STEEL AND CHARCOAL
KINDS OP
Jan.
NAVIGATION
All Risks Written at Reasonable Rates.
SECURITIES,
GAS
STOCK
ASSETS
FIRE AND INLAND
RISKS.
GOLD
'
MEDAL, PARIS, 1878.
AFTER THREE YEARS, ALL RESTRICTIONS
CONDITIONS in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three years, IN CONTESTI BLE
FOR
ANY CAUSE, EXCEPTING
and
Eis Celebrated yumber8t
303-404-170-361 -332,
styles may be had of all dealer\
throughout the world*
and hi* other
Joseph Gillott & Sons,
FRAUD.
The Companywill,
,
lars giving
Office of
New y«
”
application, send Circu¬
'
Middle Department,
No. 117 Broadway,
r
upon
full particulars.
Boreel Building.
N. L, Henry W. Baldwin, Sup’fc
@FedFRASER