Full text of Commercial and Financial Chronicle : July 27, 1878, Vol. 27, No. 683 [Copy 1]

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iitanrM
L

HUNT'S

Vi

MERCHANTS’

MAGAZINE,

§JU w * p a p e *,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

VOL. 27.

SATURDAY, JULY 27, 1878.
CONTENTS.

THE CHRONICLE.
The Pacific Railroads and Their
1878, Inclusive
Lands
.
79 United States Treasury Depart¬
The Terror of Contraction
ment Statement
80
Amount of State, National Bank,
Latest Monetary and Commercial
and United States Notes, Etc,
English News
Commercial
and Miscellaneous
Outstanding st the Close-of
Each Fiscal Year, from 1860 to
News

81

r

THE

BANKERS’

82
85

GAZETTE.

I Quotations of Stocks and Bonds... S8
| Investments, and State, City and

Money Market, U. S. Securities,

Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, Boston Banks, etc

81

1

86

....

|

Corporation Finances

94
-

,

THE COMMERCIAL TIMES.

Commercial Epitome

98 |

....

Cotton
Breadstuffs

95

1(3

I

Dry Goods

104

Imports, Receipts and Exports.... 105

y£\xc Chronicle.
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THE PACIFIC RAILROADS AND THEIR LANDS.
On another page will be found the full
decision of Secretary Schurz in the very

text of the

important
legal status of the lands granted to the
Pacific railroads, after the expiration of. three years
from the time of completion of the roads.
The decision,
matter of the

which is in the form of

a

letter to the Commissioner of

the Land

Office, could have been made simply a notifi¬
ruling was reversed,
and is of course elaborated for the public.
It has been
wrought out with deliberation and care, and may be
taken as the best expression of which that side of the
cation to the inferior officer that his

r?

question is capable.
: The gist of the case is briefly this : Nelson Dudymott
made application to file a declaratory statement pre¬
empting certain lands in Kansas which lie within the
grant to the Kansas Pacific Railroad, and, from the
adverse decision of the local officers, appealed to the




NO. 683.

Commissioner, who confirmed their action in October
last; from the Commissioner he appealed to the Secre¬
tary, who now decides in his favor.
He claims the
land as a qualified pre-emptor, under the general home¬
stead act of 1841, and under the third section of the
railroad grant act of 1862, which contains what is
asserted to be a reversionary clause.
The Dudymott
claim is that (1) the act of 1862 provided for a sale, at a
maximum price of $1 25 per acre, of all lands remaining
undisposed of three years after completion of the roads,
for account of the companies ; that (2) the Kansas
Pacific was accepted as complete in 1872, and hence the
land he seeks to occupy is now and should have been
open to pre-emption for nearly two years past; that (3)
he may therefore pre-empt it under the general act of
1841.

The act of 1862 is the

general one under which the
Government, by the land-grant and the loan of its own
credit, extended aid to the building of the Pacific roads.
Section 3 grants certain sections of land, with a proviso
excepting “ all mineral lands,” and adds this as the last
sentence: “And all such lands so granted by this section
which shall not be sold or disposed of by said company
within three years after the entire road shall have been
completed, shall be subject to settlement and pre
emption like other lands, at a price not exceeding Si 25
“per acre, to be paid to said company.” This is the law?
hut before saying a word about it we must enter one
statement by way of exception.
TheYe is a quite gen,
eral disposition to hold that the Government was un¬
necessarily and foolishly easy in its original dealings
with the Pacific roads and was badly overreached by
them. It may be true that the roads were extravagantly
and dishonestly built, or even that they could have been
built with less liberal aid or without any. We say this
may all be true; it is a question of fact.
But it has
nothing to do with the question of construing the con¬
tracts which actually were made. Whether the railroads
were too sharp for the Government and are now so
pros¬
perous that they could afford to surrender their rights
has nothing to do with determining the respective rights
of the contracting parties.
It is discreditable to “ plead
the Baby act.” The question simply is, what was the
contract,, and neither feeling nor sentiment can have any
part in the decision.
With high respect for the ability and zeal of Mr.
Schurz in his office, we must say tjiat, in our opinion, he
has taken a position wholly untenable.
The law, for
the reasons stated in it, provides that “ there be and is
hereby granted to the said company ” the lands referred
to.
This is an absolute, unequivocal, and valid grant—
“

“
«
u

80

THE

CHRONICLE.

I VOL. XXVII.

perhaps

an unwise one, but absolute all the same.
The
THE TERROR OF CONTRACTION.
title must vest somewhere.
It was in the Government;
Next to their denunciation of what
they call “the
the Government transferred it to the
company, anc. money power” and their hatred of banks and all
there it rests until revoked
by the same power that lenders of money, the most familiar characteristic of
granted it or passed by the company to third parties. inflationists is their
unceasing charge of the insuf¬
A conditional grant could have been
made, but in fact ficiency of the volume of currency.
Their plea is
was not; the grant is unconditional and absolute.
The that “ contraction ” between 1865 and 1873
produced
restrictive clause above quoted is not
legally a reversion, the collapse in the latter year; and, in defiance of the
and cannot be so construed.
It refers to the lands as notorious fact that
money has lain idle for several years
■“
all such lands so
granted by this section ”—that is, in places of deposit, they assert that the contraction
granted absolutely; then it attempts to retain the power under the Resumption Act has been
crushing out
to sell at a named
price, for account of the company, the life of industry, and that fresh issues of
paper
any of the lands already absolutely given the company, would start
again all its wheels. But the operation of
which are undisposed of after a certain4time. Such a that act
is one of currency
expansion, at the rate of 100
provision contains nothing in it transferring the title to 80; a year ago
(for it is unnecessary to make the
back to the Government after the three
years. No computation for a later date) there had been a clear
lawyer would pass a title to any of those lands without expansion of 5f- millions under that
act, the actual
a deed from the railroad or a further act of
contraction having been caused
Congress.
by the independent
At the best, this clause, which
evidently fails to have process of bank-note retirement under the act of June
the effect of a reversion, can be no more than the
expres¬ 20, 1874, which gave the banks permission to issue or to
sion of a reserved power in
Congress to take further withdraw their notes without limit. Under the unfavor¬
action, by legislating, should occasion arise, as to the able conditions of dull
business, slight demand for
unsold lands.
But, obviously, according to established money, and heavy taxation, the banks have found
their
rules of law, any such
legislation—which, at most, is circulation so unprofitable that the withdrawals have
within the power of Congress to
add, in order to put in been about double the issues, and the inflationists thus
force a presumed interest that now lies inert—must be
denounce the wrong act as the cause of contraction.
subject to all the equities which have attached during This, however, is
only incidental; they may say that the
the interval, and those equities are
protected from dis¬ dread of 1879 causes the business dullness that causes
turbance by the Constitution itself.
And what are the withdrawals of
currency. This would be putting
those equities ? The wording of
the disputed clause the cart before the horse, and the cause after the effect.
itself is singular and must be noticed. “Sold or dis¬ The
palpable facts are that the withdrawals have been
posed of” is the language. “Sold or otherwise disposed going on for three
years and a half; that during the
of ” is a phrase frequently used, but
we have no right to first two years not much belief was felt in the
substan¬
assume that the words “ or
disposed of ” are here mere tiality of the Resumption Act; that Mr. Sherman is the
surplusage or have no meaning. In fact, the companies first Secretary who has shown much
disposition to exe¬
have mortgaged the lands, and, in so
doing,: they cute the Act; and that since
,

«■

resumption became

more

brought them under the meaning of those three words. probable the rate of withdrawals has somewhat de¬
By being mortgaged they were “ disposed of,” at least clined.
to such extent .that the
But it is very important, in view of this
mortgagees cannot be dispos¬
charge, to
sessed ; if Congress
inadvertently failed to make an know how much contraction there has been. This ques¬
intended provision in the law and thus
conveyed an tion is answered by a detailed official table just issued
by
absolute title where a conditional one was meant, it has the
Treasury, which will be found complete on another
no power now—and still less has an executive officer
any page. Heretofore—notably in election campaigns,
largely
power—to come in with any action that tends to preju¬ turning upon inflation
issues, as in the Ohio one of 1875—
dice, much-less to overthrow, equities which have the inflationists have asserted an enormous
contraction,
^attached. But the necessary effect of the action which the Cincinnati
Enquirer claiming that in 1866 and 1867
Secretary Schurz has taken, will be, if sustained, to there was contraction “to the amount of
$686,584,800,.
overthrow, and, whether sustained or not, temporarily to
equal in round numbers to $340,000,000 per annum,
prejudice the many millions of dollars of land-grant
and that, altogether, since the
war, up to November,
bonds outstanding.
For it is equivalent to a very large
1873, the contraction amounted to the enormous sum
and permanent reduction of the maximum market value “of
$1,500,000,000, double the amount of currency now
of such lands as are now unsold.
in circulation.” This result is obtained
by treating comIt has been suggested further by some who
have com¬ oound-interest, seven-thirty, and other short notes, three
mented upon this decision, that its effect, if sustained
by Der cent certificates, and other temporary forms of debt
the courts, will be to enable persons who have
bought at remaining in 1865, as currency, and their withdrawal as
a
higher figure than $1 25 per acre, since the expiration so much contraction. The fallacy of this,
except so far '
of the three years, to recover back from the
company as they were a part of the Bank reserves, is evident, for
the excess paid. It is well to
remark, that this by no interest notes can never enter really into circulation, unmeans follows.
The decision may, in
substance, be valid ess in a time of scarcity, and then only until stopped by
and yet the right of
recovery in such cases not exist. interest accumulation. The table referred
to, however,
Still, if the opinion is supported in all its parts the com¬ does include compound-interest and one other form
pany had no authority to make any of these deeds, and of short
notes, as currency, thus so far favoring the in¬
the purchasers have no title ; in that
flationist
case, if anything
claim; still, we are willing to waive the objec¬
-could be recovered, it would be the whole
tion
and
let that claim be judged by the figures as
consideration,
given.
and the settler would have to
get a new title from the Two other considerations might, however, be included
Oovernment. This fact well illustrates how untenable is as
bearing upon the question, but we omit them, and
the position taken that the restriction in this act is a
legal those are:—the decreased reserves the banks are now
reversion of the title. A title does not
revert}by impli¬ required to hold, and the increase of gold in their
cation.
reserves compared with the years
previous to the panic;



“

“

“

“

-

„

July 27,

THE CHRONICLE.

1878.]

both of these circumstances have let loose currency

which before

was

held out of circulation.

Examining the table, it appears that 1864 was the first
year when the volume of currency was as large as now;
hence, that year should be the oldest one taken for com¬
parison. Adding the silver—33 millions last year and
millions now—the currency was 106
than now, in 1864; 256 millions greater
39

•

have shown that

inflation in currency can re-inflate
the broken bubble of unreal values and
speculative
we

no

1869, followed by expansion up to 1874, caused the
break in 1873, that contraction also caused the
prosperity
from 1865 to 1870. While the
currency was shrinking
to its smallest volume in 1869,
everybody was busy and

happy, and

schemes of inflationists.

the

conclusion that

was

AMOUNT OF

if the contraction from 1865

getting rich; then while it

to

expand¬

was

STATE, NATIONAL BANK, AND UNITED STATES NOTES, ETC., OUTSTANDING
YEAR, FROM 1860 TO 1878, INCLUSIVE.

AT THE CLOSE OF EACH FISCAL
PREPARED

AT

TREASURY DEPARTMBNT JULY

THE

18, 1878.
Value

Year

State Bank

ending

June 30—

Circulation.

National
Bank

Demand
Notes.*

Circulation.

Legal Tender
Notes.t

One and Two
Year Notes
of

Compound

Fractional

Interest
Notes §

18634

Currency.il

Total
Amount in

Currency.

of

the

Value of
pap’rdollar.as
comp’r’d with Currency in
coin, July 1 of
Gold.
each year.,

S
207,102.477 CO

1860
1861
186*2

$

$

$

$

$

$

S

202,005;767 CO
183,792,079 00
238,677,218 00
179,157,717 00
142,919,638 00
19,896,163 00
4,484,112 00
3,163,771 CO
2,558.874 00
2,222,793 00
1,968,053 00
1,700,935 CO
1,294.470 00
1,009,021 00
786,844 00
658,938 00
521,611 00
426,50*4 00

1863
1864
1665
1866
1867
1868
1869
1870
18U..:
1872
1873
Ib74
1875
1876
1877
1878

*

207,102,477 00
53,040,000 00
3,351,019 75

96,620,000 00
297,767,114 00

780,999 25

431,178,670 84
432,687,966 00
400,619,206 CO
371,783,597 00
356,000,000 00
356,000,000 00
356,000,000 00
356,000,000 (0
357,500,800 00
356.000,000 00
3S2,000,000 0D
375,771,580 CO
369,772,284 00
3:9,764,332 00
346,681,016 00

31,235,270 00
146,137,860 CO
281,479,908 00
298,625,379 00
299,762,855 00
299,929,624 00
299,766,984 CO
318,261.241 00
337,664.795 03

347,267,061 00
351,981.032 CO
354,408.008 00

332,998,336 00
317,048,872 00

324,514,234 00

472,6( 3 0u
272,162 00
208.432 00
141,723 00
123,739 25

106,256 00
96,505 50
83.296 25
79,907 50
76,732 50
70,107 50

66,917 50
63,962 50
62.297 50

89,879,475 00
153,471,450 00
42,338,710 00
3,454,230 00
1,123,630 00
555 492 00

347,772 00

248,272 00
199,572 0.1
167,522 00
142,105 00
127,625 00

113,375 00
104,705 00
95,725 00

90,485 00

20,192,456 66
15,000,000 00 22,894,877 25
193,756,060 00 25,005,828 76
159,012,140 00 27,070,876 96
122,394.480 0) 28,807,523 52
28,161,810 00 3*2,626,951 75
2,871,410 CO 32,114,637 36
2,152,910 00 39,878,684 49
768.500 00 <0,592,874 56
593,520 00 40,855,835 27
479,400 00 44,799,365 44
415,210 00 45,881,295 67
167,390 00 42,129.424 19
328,760 00 34,446,595 39
296,630 00 20,403,137 34
274,920 CO 16,547,768 77

202,005,767 00
833,452,079 00
649,867,282 75
833,718,984 34
983.318.685 76
891.904.685 96

$

086 6
0 76-6 ^
0 38-7
0 70-4
0 66
0 71*7
0 70-1
0 73-5
0 85*6
0 89
0 87*5
0 86 4
0 91
0 87 2
0 89*5
0 94 7
0 99 4

826,92?;153 52
720,412,602 75
693,946,056 61
700,375.899 49

717.875,751 08
738,570,903 52
750,062,318 94
781,490,916 17
773,646,728 69
738,376,535 89
693,194,269 8
688,597,275 27

289,769,500 41
497,798 338 59
322,649,246 94
692,256,354 77
583,657,092 73
592.906.769 07
£05,009,234 52
510,050,351 61
593.521.769 95
638,909,418 44
646,249,540 58648,053,836 7 6
711,156,733 71
674.619,947 42
660,846,999 62
6hl, 189,973 54
684,465,691 62

.

''

------

——

■

'*

'

^

ing again, everybody was being undermined without
knowing it, and things were shaping for a crash; and
while it was at its high point again, the crash came !
Contraction first produces prosperity; then
expansion
produces adversity ! Is,this inflationist logic ? It is*what
the figures compel, unless the inflationists, still consistent
with themselves, say that expansion in 1871 and 1872
produced prosperity in 1S67 and 1868, and contraction
in 1866 and 1867 produced a collapse in 1873.
They may be left to flounder out of the quandary in
their own way, the only regret
being that their unsup¬
ported assertions, recklessly made and unblushingly
repeated, deceive so many unthinking persons by empha¬
sis and repetition. The truth is that there has been no
contraction of an injurious sort, and that the
shrinkage in
nominal prices is all due to other causes.
Over and over

activity. No matter who of us is touched, or how se¬
verely and cruelly he is hurt, the fact is unchanged. We
shall all be wisest in accepting the situation; for if we
refuse to accept it, it exists all the same. We cannot
change it by refusal, though we may prolong it to our
If new legal tenders were issued, there would
own hurt.
be no way of getting them out except by buying
gold,
or
with
or
without
lending them
security, or giving them
away, or expending them for internal “improvements.”
But ample money now awaits good borrowers, its owners
longing for interest on it. What will start the wheels of
industry is not more money, but confidence and stability
setting into circulation the ample money that is now idle.
This can be bought only by actual resumption, which
will dissipate, like the poisonous miasma they are, all the

.

"

millions more
in 1865; 164
millions greater in 1866; 99 millions greater in 1867;
from 7 to 34 millions less from 1868 to 1871, inclusive;
then, 11 to 54 millions greater up to 1877, the highest
figure during this last period being in 1874. The present
volume is only 16 millions below that of 1872 and 23 mil¬
lions below that of 1873; inflation was then ineffectually
tried, in 1873-4. But it is claimed that the previ¬
ous contraction led to the break in 1S73.
The high¬
est currency figure was in 1865, the
compound-interest
and the other short notes included having then reached
their height; then they were swiftly retired during the
next three years, and if they are deducted—for
they
certainly had no considerable circulation during that
time—the currency during 1866-8 was at a low ebb,
rising considerably up to its highest mark again in 1874.
In 1863 and 1864, the volume was largest, 833 and 98 3
millions. Not deducting the short notes, the total was
thus, beginning with 1865 and ending with 1873,
July 1 in each year: 983, 891, 826, 720, 693, 700,
717, 738, .750 millions.
So there is no escaping

81

%

*

Acts of

t Acts Feb. 25,1862, July 11, 1862, and March 3, 1663.
} Act of March 3, 1863, bearing 5 per cent interest.
§ Acts of March 3, 1863, and Jnne 80,1864, bearing 6 per cent interest.
H Act of June 17, 1662.

(Note 1.)—On the 2Sth of February, 1662, the date of reports nearest to the
passage of the ‘‘ Legal tender act,” there were OutstandingDemand notes.

$57,390,000

^

'

i

•

(Note 2.) - On the 30th of June, 1862, the date of reports nearest to the pas¬
sage of the “Fractional Currency act,” and the act authorizing an additional

isbue of

$150,000,000 Legal tender Notes, there

Demand notes..

Legal tender notes

were

Outstanding$53,040,000
96,620,000
$149,660,000

(Note 3.)—On the 28th of February, 1863, the date of reports nearest to the
passage

of the act authorizing the issue of One and Two

interest Notes, and an additional
there were outstanding—
Demandnotes

Legal tender notes

following statement from the office o£ the Treasurer for
June 29 has been issued this week.
It is based upon the
actual returns from Assistant Treasurers, depositaries and super¬
intendents of mints and assay offices.
The delay in issuing it
arises from the time taken in getting returns from distant offices.




year, and Compoundissue of $159,000,000 Legal-tender Notes,

$6,469,105 75*
291,836.00) 00
15,926,000 OO

%

%

Fractional currency

$314,231,105 75
(Note 4.)—The amount of State and National bank circulation is compiled
from the reports of the Comptroller of the Currency at the nearest dates
obtainable to the end of each fiscal year ; the other amounts are taken from
the official printed reports of ihe Secretary of the Treasury.

LIABILITIES, juke

UNITED STATES TREASURY STATEMENT.
The

—

July 17 and Aug. 5,1861.

29.

Coin.

Fund* for redemption of certificates of deposit,
June 8, 1872,..:.
Post-office Department account

$

Currency.

$
46,815.000 OO

1,823,925 92

Disbursing officers’ accounts—
Treasury offices
National banks.

-j

$865,608 49 coin,'
9,807,369 25 cur.. )
3,070,825 55 cur.. 1

-

855,608 49

12,878,194 80

82

THE

CHRONICLE.

LIABILITIES.

Coin.
Fund for redemption #f notes of national barks

%

“failed,” “in liquidation,” and “reducing circu¬

lation”
Five per cent redemption fundunited 8tates notes

$

9,797,513 00

National bank notes

Secretary's special deposit account

$1,791,344 781
8,410,848 33 )

10,202,193 11
25 25

Currency ana minor coin redemption account....

Interest

account, Pacific Railroads
Ccmplroller of the Currency, agent for creditors...
Treasurer United States, agent for paying interest

’

287,620*75
*75,363'ii

on

$223,342 37 I

150,00

ii

799,839

227,851 54

4.009 17 J

..

Balance

9,562 34
9,283 21

9,011 41

outs'anding—

Currency
r.
2,432,617 27
Repaving Pennsylvania avenue
Interest account, L. & P. Canal Company
Fund for redemption of national bank gold notes..
Treasurer’s general account—
Special fund for redemption of
fractional currency
$10,000,000 00
Outstanding drafts
2,460,186 45

2,482,617 27

.

1,720 00

“*24,336*66

4,894,945 10

17,235,131 55

Treasurer’s general account—
Interest due and unpaid
Called bonds and interest
Coin certificates

$4,328,222 44
5,030,945 58

45,829,600 00

Outstanding drafts
624,896 C2
Balance, including bullion fund..155,273,771 13

211,087,435 17
$212,545,124 31 $102,116,251 72
ASSETS, JUNE 29.
Gold coin and bullion
Gold cars
S andard silver dollars
Silver coin and bullion
Gold certificates
Silver certificates
Old demand notes
National bank gold notes
Fractional currency redeemed in silver....

Coin.

$123,460,202 87
5,2 1 044
13,216,254
19,469,320
1,455,520

Coin coupons paid

Registered interest paid
Unclaimed interest paid

Deficits, unavailable funds
Deposits held by national bank depositaries
United States notes
U. S. notes (special fund for redemption of
fractional currency)

03

2,437,313 00

41
00
CO

00
25
85
18

75
50
36

40,247,534 14

Russia has dealt

a

Minister, and

serious blow at

of that country was

to the Cabinet

generally, that
Turkey, and that a rapid decay

inevitable, unless some interested Power
it support. It is plain enough that if England fails
to assert that position, no
other Power, except Russia, would, and
the question to be decided therefore is, in a certain
sense, a sim¬
ple one: Shall Russia or England exert supremacy over Asia
Minor and what remains of Turkey in
Europe? The responsi¬
bility undoubtedly is great, but responsibilities are chiefly con¬
fined to great nations; and there can be no doubt
that, if we are
to maintain our
imperial position, we mast accept them. It is
said that the Pachas will give us trouble, as
they will be reluct¬
ant to abandon their rule of
plunder, which, by impoverishing
the people, has enriched themselves; but a little firm
English
authority and plain speaking will, I am persuaded, soon diminish
their power, if the people themselves ar?
only true to their own
interests. Those Turks who can understand expect great
things
from England, and as there is to be a commission to
inquire into
the state of the Turkish revenues,
publicity will, no doubt, be
given to matters which will have the ultimate effect of reviving the
drooping energies of the Turkish people; for, it may be asked,
how could a people thrive when there was no inducement to
acquire wealth ? The industry of the people, and bounteous
harvests, only increased the rapacity of the Pachas, and, conse¬
quently, it was preferable to remain poor. It seems to be Eng¬
land’s mission to remedy this state of things. That the task will
be difficult and protracted, no oue doubts ; but it is not for that
reason to be abandoned.
If the Nonconformist body in this
country wishes to evangelize the Turk, it will have greater facili¬
ties for doing so, now that England has assumed a
protectorate
over the country.
The freedom Englishmen wish for themselves
is readily granted to others, who are
capable of self-government;
but had Russia overrun the country, the intolerant Greek Church

65,700 00
3,030 00
722,492 58
10,336,229 94

would have been

62.020,120 73

now

10,000,000
12,788 203
985,722
61,895
1,261,713

National bank notes

Silver coin received in lieu of currency
Fractional currency

Nickels and minor coins
New York and San Francisco exchange
One and two year notes
Compound interest notes
Interest on 3*65 District of Columbia bonds

00

07
40
60

89

242,000 00
10 50

feel that

There

can

be

expenditure,

a

constant

they*

no excuse

as war

570,000 00
593,070 00
8,750 31

purchased

Coupons, L. & P. Canal Co

source

of trouble.

The Turks should

safer than they have been for

are

for

an

a

century.

unnecessary military and naval

is improbable so long as Russia has to risk
The efforts of the Turkish people should
a repair of their losses, and to a restora¬

the power of England.
therefore be devoted to
tion of their credit.

The French press,

Speaker’s certificates, 45th Congress
Redeemed certif’s of deposit, June 8, 1672
Pacific Railroad interest paid

7 3-10 notes

Currency.

5 00

1,720
98,143
21,342
1,425,924
2,839,960
21,394
6,703

Quarterly interest checks paid

obvious to the Prime

gave

Interest account

3*65 D. C. bonds
Treasurer’s transfer checks
Gold
Silver

Currency.

[Tot. XXVII,

and probably

a

portion of

the French

people,

are just now very angry with England.
Italy also thinks
that we have stolen a march upon her.
It is even said that had
of the

Plenipotentiaries known what the actual policy of
England was, the Congress would not have met. The Conven¬
tion, which has been concluded, could very easily, however, have
been agreed to after the Treaty of Berlin had been
Bigned; but
©mumctxial
the Cabinet were desirious of announcing the fact before that
event took place, in order that there might be some
expression of
RATES OF BVCH4NGE AT LONDON AND ON LONDON
opinion upon it. France and Italy must bear in mind that their
AT LATEST DATES.
position is very different from ours. There can be, in fact, no
EXCHANGE AT LONDONcomparison. By virtue of our success as colonists, our possessions
EXCHANGE ON LONDON.
JULY 12.
are vaster and more
widespread than those of any other country;
LATEST
4
ON—
and to maintain them is not on’y our pride, but also our
BATH!.
TTAT*.
!
DATE.
TIME.
RATE.
obligation.
We have not annexed Cyprus, or assumed a
protectorate over
Parie
short.
25.llXa35.21fc July 12. short.
Asiatic Turkey, for plunder. We have pursued that course, first, to
25.13*
Berlin
3 months. 20.56 @20.60
3 mos.
20.35
our communications with our Asiatic
maintain
20.56 @20.60
Hamburg
20.35
possessions, and,
Frankfort
20.56 @20.60
short.
20.35
to
extend
a
more
beneficent
rule
over
a people
secondly,
25.85 @25.40
in
Antwerp
25.17*
-Amsterdam.
short.
12.0* @12.1*
12.05
whom there is much force of character, which would become
Vienna
3 months. 11.85 @11.90.
115.90
more distinct, were they properly and
Genoa.
27.50 @27.55
27.10
righteously governed. If
St. Petersburg.
3 mos.
25 13-16
July 9.
25* @25*
France and Italy are jealous of the good we can do, and of the
Constantinople
July 10.
109.31
Madrid
3 months.
47* @47*
mighty empire which grows in spite of itself, it can only be
Cadiz
47*@4S
Lisbon
90 days. 51 15-16352 1-16
replied that it is beyond our control, and that necessity has no
New York
July 12. 60 days.
4.84*
laws.
We shall have, no doubt, a good deal of difficulty to
Rio de Janeiio.
June 9. 90 days.
23*
Buenos Ayres..
June 2.
contend against, and failure would be humiliating. If, however,
49
60 day8.
la. 8d.
Bombay
July 11. 6 mos.
la. 8 5-1 ed.
we carry the people of Turkey with ua,
Calcutta
la. 8d.
wo need not fear the
la. 8 7-16d.
Julv 8.
Hong Hong..
8a. 10* d.
result.
The situation is very clearly described by a
correspon¬
8banghai
5a. 3H<L
Alexandria....
dent of the Times, in yesterday’s issue of that
97
July 10. 3 mos
journal. The
remarks are those of one of the Plenipotentiaries of Great Britain,
—either, of course, Lord Beaconsfield or Lord Salisbury:
LFrom our own correspond ent.]
“The Treaty of 1356 imposed on France, Austria and
England
the right and the duty to guard the integrity of the Ottoman
London, Saturday, July 13, 1878.
Empire, and this very integrity was the basis whereon this Treaty
It is understood that tlie labors of the PI
enipotentiaries to the rested. At the end of the late war, and in consequence of the
Congress will be completed to-day by the signing of the Treaty Treaty of San Stefano, this principle of the integrity of the
of Berlin.
The gains of Russia under this Treaty will be consid¬ Ottoman Empire was unquestionably violated.
If France and
Austria had declared themselves ready to act together for the
erable ; and, in consequence of those
gains, the position of the maintenance of this integrity,
England would certainly not have
Eastern Question has been completely
changed. It has long hesitated to join with them in common action, and to uphold the
been the opinion that Lord Beaconsfield would not leave those most essential principle contained in the Treaty of
1856 and 1871.
interests in a crude and unsatisfactory slate, and the announcement Unfortunately, France and Austria either could not or would not
lend themselves to such a course, both declaring it out of their
of an Anglo-Turkish
Treaty did not, in consequence, occasion the power to do so. It was then that England, by her situation and
surprise which was justified by its importance* It has become from considerations of superior interest, found herself
obliged to
some

$212,545,121 31

l&lmtclimj!!




$102,lib,251 72

%vlqlist* Hems

•

•“

•

4

it

4 4

4»

44

((

44

fti

It

41

44

....

..

(ft

44

(4

44

ii

*4

*4

•

....

.

.

.

....

....

....

-

•

-

♦

(4

....

((

44

44

4i

....

•

•

•

.

.

•

•

•

•

•

•

•

•

•

4

44

jolt

stand up for the integrity of the possessions remaining under
rule of the Sublime Porte. In the first place, she has begun

the
by

guaranteeing the integrity of the Asiatic possessions where her
private and particular interest was more at stake. She had
four means before her of achieving this.
She could take posses¬
sion of Egypt, occupy the two extremities of the Suez Canal,
seize the Dardanelles, or occupy the island of Cyprus, to render
possible and effective the integrity of the Asiatic possessions
which she had guaranteed. In seizing the Dardanelles she would
have wounded the susceptibilities of all Europe; in taking
possession of Egypt, or in occupying’ the two extremities of the
^anal, she would have openly hurt the feelings of France. She
referred to occupy the island of Cyprus.—a point of such
econdary importance that it never occurred to any Power to
nake reservations on the subject.
In view of the necessity
imposed on England to guarantee the Asiatic possessions of the
Porte, France can only regard the occupation of the island of
Cyprus as an act of deference toward herself, since she cannot
but be aware that England was at liberty to adopt one of the
three other measures of which I have just spoken, and which she
for long had been encouraged to do.
And I think that the
French nation, on considering the absolute necessity thus imposed
on England, will soon come to see that the occupation of Cyprus,*
far from being an act directed against France, was only suggested
to England by an ardent desire to reconcile her absolute interests
with the sympathies of Frauce, on which she never ceases to set
the greatest store.”
The demand for gold for export to Paris has ceased, but some
sovereigns have been sent away from the Bank, chiefly to Lisbon.
The Bank has, however, received a considerable supply of sover¬
eigns from Australia. Owing to the limited demand for gold,
and to the scarcity of mercantile paper in the discount market,
the money market has assumed a very easy appearance, and the
best bills are now taken at as low a figure as 2£ per cent.
The
Bank rate remains at 3£ per cent, .which is, of course, an
anomaly. The following are the present quotations for money :

own

-

83

THE CHRONICLE.

27, 1878.]

.

Fer cent. ]

I
2*4tfc2# J

Open-market rates:
30and 60days’bills
3 months’bills

!

Per ceui.

Open-market rates:

bank bills

2#@ ..
6 months’bank bills
2#(g> ..
4 and 6 months’trade bills. 2#@3
4 months’

3# |

Bank rate

Bank

Open

rate,

mark’t.
p. c.

p. c.
Pans
Brussels

...

Amsterdam
Berlin

...

.

.

3#
3#
4

...4

Hamburg.
Frankfort

...

Leipzig
Genoa
Geneva

...

....

4

@3#

@3#

celona
Lisbon and Oporto....
St. Petersburg

2
2

J oint-stock banks
Discount houses at call
Discount nouses with 7 days’ notice
Discount houses with 14 days’ notice

2)4

2#

—

showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality, and
the Bankers’ Clearing House return, compared with the four
previous years:
Annexed is

a

statement

1S74.
£

Circulation, including
bank post

bills

27,602,745

Public deposits
3,825,205
Other deposits
19,929,496
Government securities. 14,225,691
Other securities
17,042,322
Reserve of notes and
coin

Coin and bullion in
both departments ...

Proportion

t

1877.
£

1878.

28,8-21,533 28,571,692
4,810,830
4,079,820
26,016,244 27,635,123
15,071,418 15,399,795
19,165,904 17,493,334

29.077,319
3,761,325
26,371,3?2
16,089,088
18,289,670

28.613,517
4,757,974
22,900,386
17,673,519
18,842,837

1876.
£

1875.
£

£

10,833,621

14,150,000

17,704,436

13,911,797

9,328,126

23,027,779

27,605,005

30,976,481

27,67 9,257

22,693,891

46#

54'06
2 p. c.

45-70

33-35

2 p. c.

3# p. c.
96#

f reserve

to liabilities
trf
Bank-rate
2# p. c.
Consols
92#
Mid. Upland cotton... 8 13-16d.
No. 40’s mule twist,fair
Is. 2d.
2d quality
60s. 9d.
English wheat,av.price
.

.

•3 p. c.

94#

94#

7*d.

5#d.

94#
6#d.

6 5-16d.

ll#d.

10#d.

10#d.

9^d.

44s. 4d.

48s. 6d.

61s. 5d.

46s. Od.

p. c.

4# 4k@4#
6
6
5

6
6
4

&
@1
@

..
• •

..

3#@4#

New York
Calcutta

4
....

5

3#

during the week have been wanting inactiv¬
ity, but, on the whole, a steady tone has prevailed. The fineness
of the weather, the cheapness of money, and the pacific termina¬
tion to the deliberations of the Congress, have had a good effect,
and no decline of any importance has taken place in prices. The
railway companies are now announcing their dividends, and so
far they show an increase, compared with last year.
Business,
therefore, if restricted, has been profitable; but this arises out of
the fact that bad debts have been few.
The market for American
Government and railroad bonds has been firm, and the quotations
The stock markets

upward tendency. - Canadian railway bonds, how¬
have been dull, and Grand Trunk descriptions are decidedly

have had
ever,

an

weaker.
The directors of the Hamilton

& North Western Railway Com¬

subscriptions to an issue

pany, of the Dominion of Canada, invite
of £485,000 in first mortgage six per cent

bonds.

Interest will

payable, half-yearly, at the bank of Montreal, and the principal
is to be redeemed in June, 1898.
The price of issue is 90, payable
as follows :—£5 on application ; £10 on allotment; £25 August
16; £25 September 16, and £25 October 16.
Messrs. Stem Brothers have issued the prospectus of a 3 per
cent loan for £2,500,000 for the Government of Portugal.
The
be

price of issue is £50 for £100 bond, 5 per cent being payable on
application, £10 on allotment, £10 on August 31, £10 October 2,
and £15 November 2.

Agents for the Colonies have announc d a loan for
£1,000,000 for the Government of the Cape of Good Hope.
Interest is to accrue from the 15th of April last at the rate of 4£
The Crown

the rates of interest now allowed by the
joint-stock banks and discount houses for deposits. They were per cent per annum. The minimum price is 96£.
lowered about one-half per cent on Tuesday, owing to the
With regard to the trade of Lancashire, the
increasing ease of the money market:
Guardian, in its issue of yesterday, says:
Per cent.
The following are

mark’t.

p. c.

Vienna and Trieste...

Copenhagen

4

5
4

Open

rate.

Madrid.Cadizand Bar-

3#
3#
3
3
3

Bank

“The most discouraging feature in
slackness of demand for the great

Manchester

the market is the continued
Asiatic markets. The high

price of food, consequent upon the scanty rain-fall in Asia during
three years, has plunged millions of our customers
abject poverty ; and this remark applies not only
to India and China, but also to the numerous smaller states and,
peoples which occupy the Malay peninsula and the islands of
the past two or
into a state of

Southeastern Asia.

Throughout this vast area #he cost of living
the past twelve months.
the significance of such a

has been enormously increased during
It is difficult for Englishmen to realize

change amongst a population accustomed to live npon incomes
which leave very little margin beyond the bare eost of food and
shelter, even in ordinary times.
To vast numbers clothing
becomes a

superfluity in times of famine.

Even calico, however

cheap, must be sparingly used, and old wardrobes must be made
to do duty beyond their ordinary term of existence.
It is there¬
fore easy to imagine that there must be amongst the consuming
populations, and even amongst the distributary dealers, great
gaps which will have to be filled up by and by.
But the people
cannot satisfy their want of clothing until the price of grain-food
has declined considerably. Excepting in Madras, we have now a
fairly well-founded assurance that the coming autumn harvests
in Asia will be plentiful; and we may therefore look confidently
for a considerable dccline in the cost of living after the crops are

gathered in. It might, perhaps, be expected that merchants and
be ready to anticipate the coming demand for
^tearing House return. 111,837,000 101,579,(03 131,856,(00 96,781,000 101,805,000 dealers would
cotton goods, especially since prices are everywhere extraordin¬
The only arrival of gold of importance this week has been the
But we must remember that distributors, both
arily low.
Deccan, from Australia, with £608,600; and £467,000 of that wholesale and. retail, are not only much disheartened by the long
amount have been sent into the Bank of England.
Silver is continuance of bad trade, but are also weakened in means by con¬
Anything like speculative buying in anticipation
rather firmer, the present quotation being 52£ per ounce. MexL tinual losses.
of improved trade is not to be expected.
At the Bame time it is
can dollars lave realized 52d. per ounce, but that price could not
certain that the want of clothing amongst millions of Asiatics
now be obtained.
The following prices of bullion are from Messrs. must be now very great; and it is not less certain that the
demand for cotton goods will be commensurate with it as soon as
Pixley & Abell’s circular:
the price of food has declined sufficiently to allow of a surplus
gold.
e.
d.
s. d.
for expenditure upon clothing.”
Bar G Id, fine
.'
per oz. standard. 77
.

......

Bar Gold, refinable

.

fepanish Doubloons

South American Doubloons

-

...

standard.

per oz.

...per oz.,

United States Gold Coin
German gold coin

78 0 @

..

....

nominal. 74 6 @74 9
per oz.
per oz.

73
76

per oz.

76 3#@

9 @
4#@

d.

....

It is stated that American
offered in London at

....

prices

being
with which English producers find it
made-up under-clothing is now

difficult to compete.
d.

the week has been pleasant, and has been
growing crops. A large quantitv of hay has
....
Mexican Dollars
@
per oz., last price. 52
been carted, and the crop is a good one. During the last few
Five Franc Pieces
peroz.
@
Quicksilver, £7 0s. Od. Discount. 3 per cent.
dayp, there has been a better demand for wheat, and a slight rise
Millers have, for some time past, been
The weekly sale of India Council bills was held on Wednesday, has taken place in prices.
buying
sparingly,
and
and £300,000 were disposed of at Is. 8d. the rupee, showing a fur¬
very
there seems to be no danger in
ther slight reduction.
acquiring some stock at the current low prices.
The following figures show the imports and exports of cereal
Annexed are the current rates of discount at the principal
produce into and from the United Kingdom since harvest, viz.*
foreign markets :
silver.

Bar Silver,
Bar Silver,




fine
con’ng 5 grs. Gold...

per oz.
per oz.

standard. 52#
standard. 53

@
@

....

....

..

...

The weather during

favorable for the

84

THE CHRONICLE

from the 1st of
with the

September to the close of last week,
compared
Exports of
corresponding periods in the three previous years:
foreign
IMPORTS.

1877-8.

Wheat

1876-7.
36,515,852

Barley

11,805,745

Oats
Peas
*
Beans
Indian Corn
Flour

r

9,88 ),958

1,522.930
2,5,93,955
30,896.620

1.178,184
3,965,383

24,651,372
5,954,853

7,290,412

45,302,939
7,627,969
9,709,462
1,303,953
3,382,149

12,047,369
86,580,062

24,062,286

14,018,129

34,838,141
1,661,809

738.225
48.738
84.620

Barley

Oats
'Peas

18,837

Beans
Indian Corn
Flour

....

19,2-30

..

199,125
185,835
72.115
18,257
2,447
48,033
54,524

23,257
316,911
38,234

27,149

216,672
76,503

;

9,107

416,650
40,350

47,580
25,856

During the week ended July 6, the sales of
home-grown wheat
in the 150
principal markets of England and Wales amounted to

only 18,202 quarters, against 17,974 quarters last
year; and it is
Kingdom they were 73,000 quarters,
against 72,000 quarters. Since harvest, the
deliveries in the 150
principal markets have been 1,782,879 quarters,
against 1,832,385
estimated that in the whole

i!f

I1.;

quarters; and it is computed that in the whole
Kingdom they
have been 7,131,520
quarters, against 7,529,000 quarters in the
corresponding period of last season. Without
reckoning the
supplies furnished ex-granary at the commencement of
the
season, it is estimated that the
following quantities of wheat and
flour have been placed
upon the British markets since harvest :
Imports of wheat
Imports of flour

Sales of

home-grown

Total...

Exports

-

of wheat and flour

Result

Aver, price of Eng. wheat for

The

1877-8.

1876-7.

cwt.

1875-6.

cwt.

48,348,322

cwt.

45,802,939

30,903,300

36,515,852
5,954,859

32,627,500

33,673,000

86,542,034
1,522,458

75,098,211

84,898,637 85.032;254
S52,034
254,649

85,019,576

74,319,605

7,290,412

wheat

season

778,605

50s. 9d.

53s. Id.

1874-6.
cwt.

31,838,144

5,422,498

5.769,610

44,424,500

84,046,603

81,777,605

45s. 9d.

following

The

43s. 7d.

return shows the extent of our
imports of
wheat and flour into the
United Kingdom since
harvest,
viz.,
from September to
June, inclusive, compared with the three
previous seasons. It also shows the
quantities received from each

country:

Russia
United States
British North America

France
Chili...

61,103

.

Turkey,

Moldavia

and

Wallachia

1,380.649
312,508

182,596
215,085

;

Egypt
British India
Other countries

Total

880,785
1,730,766

505,065
3,746,074
1,158,304

3,730.14S
1,188,474

1,617,173
2,360,442
2,204,726
2,994,619

46,798,449

34,659,605

43,207,152

Germany

1,250,368
889,311
2,816,634
298,225

1,992,057

Total

7.246,625

920,932

778,866

1,768,499

1,101,684

1,502,788
150,212
1,533,494

2,043.107
247,391

5,209,303

Annexed

£

Wheat

5,128,*236
3,630,347
627,576
939,865
9,631,938
6,602,311

Oats

Peas....
Beans
Indian Corn
Flour
Total

55,037,109

season

1874-75.

£

20,441,202

4,963,639
4,598,934
737.06 3

1,392,210
7,919,178
4,183,969

44,860,979

1,153,154
5,103,403
3,657,344

44,258,439

to these figures, the cost of our
has exceeded that of last
season

37,656,668

imports of

by rather

£10,000,000.

16,937,126

3,095,801
3,762.483
586,365

3,848,703
485,531
1,452,720
8,958,323
5,170,779

cereals

than

following

1876.
£

Imports in June

Imports in six months
Exports in Jane
Exports in six months
The
June:

.

following figures

1876.

Exports of

cotton piece goods

...

.

.

yds.

.tons.

Exports of




silk

manufactures.

1878.

£

£

107,057,200
1,775,399,200

.yds.
.yds.

1,033,368
11,918,653
88,996,996
59,107,760

..lbs.

£775,645
3,139.576

1877.

8,098,283
788,801

1877.

Peru
China and

To

Japan

Brazil

5.156.800

1,0j1,400
13,558,300
7.939.900
2.746.400
5,033,500
4.984.500
4.514.700

888,500
45,944,200
1,658,900

Hong Kong

To Java
To Philippine Islands
To Gibraltar.
To Malta
To British North America
To British West India
Islands

8,215,500
2,234,500

2,470,800
1,S08,4U0

...

32.259.500
6.152.900
3.136.100

2.272.700
2,054,900

1,066,000

3,387,000
13,295,900
2.349.900
3,744,000
4.317.700
2.648.800
29,754,100
2.540.900
6,890,000
4.879.800
1.633.800

2,53 1,930
6,097.300

Chili

5,882,200
2,819,600
606,100
2.920.700

1,271,000

14,685,200
2,796,700

Argentine Republic

7,051.900
2,987.000
3.589.900

4.321.600
5,528,300
4,635,100

T 3,067,000

......;

Uruguay

1878.

5,960,000

(New

Granada)

To
To
To
To
To
To

3,083,400

12,515,800
2,027,100
4,957,000
4,081,100
3.160.800

22.570.900
2.608.800
4,235.500

4.023,200
1.877.100

1,464,000

2.873.700
1,924,400

1.146,600

2.132.900

3,596,500
1,236,600

3.357.900

1.644.400

1.692.100

15,840,500
4,847,400
52,833,900

Ceylon

8.092,400

14,241,600
2.284.600
74.601.800
6.140.500

11.856.500

Bengal

and

Guiana...

To British possessions in
South Africa.
To British India—

Bombay

Madras.

:

Straits Settlements

Total unbleached or bleached
Total printed,
dyed, or colored
Total of mixed materials, cotton

2.702.900

2.219.900
55,852,900
6.924.700

2,179,000
7,229,600
18,279,000

7.761.900
20.773.800

19.623.400

193,626,800
71,274,800

190,926,500
85,703,000

174,492,500
80,773,600

890,000

859,100

645,100

.265,791,600

277,488,600

255,911,200

To Australia
To other countries.

991,800

pre¬

Lace and patent net
Hosiery of all sorts
Thread for sewing
lbs.
Other
manufactures,_nnenumerated....
Total value of cotton manufactures

£65,706

878,400

10.212.400

£67,557

£61,627

.

Buslish

£71,583
£64,482

£54,036

826,189

798,593
£66+619

£61,298
....£3,981,5S3

987.390

£70,485

£4,112,947

£3,790,988

market Reports—JPer
Cable.

The

Sat.
-.. 95 9-16
t.. 95 9-16

Mon.
95 7-16

...108%
..11114
...

Tues.

108%
111%

108%

1878.

7,905,679

108%

111%

108%

106%

Sat.

Flour (extra State)

tfbbl
Wheat(R.
W. spring).# ctl
“
(Red
“
winter)*...
“
(Av. Cal. white).. “
“
(C. White club)... "
Corn (new W. mix.) #
quar.
Peas (Canadian) $ quarter.
.

Mon.

s.

d.

s.

24

6

8

9

24
8

9

10

6
0
3

22

9

31

6

10

9

10
10
22
34

d
6
9
6
0
3
9
6

107

107

cotton.

Wed.

Thur.

d.

s.

0
9

24
8

d.
0
9

4

9

4

0
3
6
6

10
10
22
34

0
3
6

8
9
10
10
22

6

34

24
8
9
10
10
22
34

95 5-16

108%
111%
108%

111%
108%

Tues.
s.

Fri.
95 5-16

108%

111%
108%
106%

106%

106%

Thur.
95 7-16
95 9-16

95 9-16

Liverpool Cotton Market.—See special
report of
Liverpool Breadstufis Market.—

Fri.

d.
24 0

s.

d.
6
8 10
9 8
10 1

8.

24

9
4
0
3
6
6

1(P 4
22
34

6

3

Liverpool Provisions Market.—
Sat.
8. d.
Beef (prime mess)
9 tc.
72 6
Pork (W’t. mesa)
# bbl 49 0
Bacon (l’g cl. m.)
$ cwt 30 6
Lard (American).... “
37 0
Cheese (Am. fine) new “ <? 44 0

Mon,

»

Tues.
b. d.

d.
72 6
8.

...

Rosin (common)...
“

(fine)

49
30
37
44

#cwt..
“

Mon.
8.

d.

5

5

0
0

Spirits turpentine

0
0

10

9%

;

4

(spirits)
“
Tallowfprime City).. V cwt.

6%
37
23
40

**

0
6
0
0

Sat.
d.

10

6
0

r0

72
49
30
37
44

Wed.

6
0
6
0
0

Thur.

Fri.
d.

b.

d.

8.

d.

72

6
0
6
0
0

72

6

72

49

0
6
0
0 '

49
30

49
30
37
44

30
37

44

b.

6
0
6
3
0

a7
44

—

s.

Petroleum!refined)....# gal

37
23
40

Tues.

Thar.

d.

8.

d.

8.

5

0
0

5

0
0

5

10

9%
6%

6
0
0

Wed.

8.

37
23
40

10

9%
6%
6

9%
37
23
40

0

0

6
0
0

d.

8.

0
0

10

6%

Fri,

d.

5

10

9%
-

37
23
40

9;
6!

6%
6
0
0

0
0

37

6
0
0

*23
40

London Produce and Oil Markets.—

627.962

108,416,000
125,079.400
1,840,309,300 1,767,710,700
1,118,183
1,127,693
9,945,661
9,822,600
93,274,216
89,444,650
55,382,290
55,471,100
£795,384
£903,516
2,895, )00
2,434,073

Wed.
95 9-16

95%
95%
108%

95%

Liverpool Produce Market.

1877.

23,326,880 29,810,370 23,661.103
185,110,196 195,448,403 189,647,854
15,848,260 15,305,659 15,848,260
99,210,059 95,234,130 94,660,400
relate to the six months ended
30th
8.142,464
952,120

3,020,000
3,548,800
2,951,7CO

■

■

more

The increase in wheat and flour
alone is £9,500,000The Board of Trade returns
for June, and the six
months
ended June 30, have
just been issued. They show the
results:

2,668,950

..

£

21,318,413

4,512.721

According
this

1375-76.

.£

28,456,836

Barley

1876-77.

2.S3L600

3,610,200
2,941,000

*

...

4,577,713

is a return
showing the value of our imports of cereal
produce during the current and three
previous years, viz., from
September to June, inclusive:
1377-73.

2,706,510

5,877,600

1876.
To Germany
Yards 4,247,300
To Holland
3,658,200
To France
5,106,300
To Portugal,
Azores, and Madeira
4,748,500
To Italy
5,393,000
To Austrian territories
596,300
To Greece
1,218,200
To Turkey
16,105,900
To Egypt
7,451,000
To West Coast of Africa
2,274,700
To United States
2,519,700
To Foreign West Indies
4,371,400
To Mexico
367,700
To United States of
Colombia

120,602
551,434

1,034,755

5,88),925

20,191,800
103,305,500

daily closing quotations in the markets of London and
711.998
Liver*
pool for the past week have been reported by cable, aa shown
in
32,862,287 the
following summary:
London Money and Stock Market.—The
bullion in the Bank of
570,811
has decreased £149,000 during the week.
England
1,483,771
1,851,095

FLOUR.

France
United States
British North America
Other countries

14,295,200

100,479,600

OTHER MANUFACTURES OF
COTTON:

17,939,32^
1,951,934
3,254,859

559,072
209,676
291,266

122,036,300

94,872,797

11,766,400
19,202,700

"

corresponding period

years:

~

6.534,908

855,651

1878.

-100,469,095

were

Total

503,595

75,303,249
13,539,849
19.342,600

yds.

preceding

Cwt.

7,555,892
17,994,974
2,634,1-57
3,911,751
1,007,665
924,918

13,7*5,345
1,023,541
2,818,345

5,325,571

following

1877.

COTTON PIECE GOODS OF ALL
KINDS.

1674-75.

Cwt.

7,819.046

25,152,524
3,024,277

Germany...;

1S75-76.

Cwt.

7,427,850

of carpets.

dominating

1876-77.

Cwt.

lbs.
...lbs.

in the two

WHEAT.

1877-78.

1876.

and

the quantities of cotton
manufactured piece
goods exported in June, compared with the

5,769,610

826,178

22,287

Exports

2,512,121

5,422,498

colonial

Exports of woolen yarn
Exports of woolen cloth
yds.
Exports of worsted s tufts
yds.
Exports of blankets and blanket¬
ing
.yds.
Exports of flannels
....yds.

1874-5.

EXPORTS.

Wheat
r

1875-6.

wool,

fVoL. XXVII.

Sat.
d.
0

Linseed (Cal.) $ qnar.
50 6
8ugar(No.l2 D’ch std)
on spot, # cwt
23 6
Sperm oil
$ tun.. 69 0 0
Whale oil

“

,S5
Linseed oil...."8 ton .29

0
5

0
0

Mon.
Tues.
£. 8. d. £ s. d.
8 10 0
8 10 0
51 0
51 0
23 6
69 0 0
35 0 0
29 5 0

Wed
£ 8.. d.
8 10 0

23 6
69
35
29

0 0
0 0
5 0

89
35
29

51

0

23

9

0

0
0
0

0
5

Thui
£ 8. d.
8 10 0

Fri
£ 8. d.
8 10 0

51

51

61
35
29

0

23

6

0
0
5

0
0
0

0

69

23
0

0

35
29

0
5

0
0

July 27,

THE

1878.]

CHRONICLE.
bonds.

This

secures

85
the support

sinking fund boad interest,
amounts to $1,500,000.
IMPORTS AND EXPORTS FOR TUB WBBK.—The imports last

increase in both dry goods and genera]
merchandise.
The total imports were $5,940,340, against
$4,115,046 the preceding week and $5,375,727 two weeks pre¬
vious.
The exports for the week ended July 23 amounted to
showed

week

an

$7,018,127, against $5,413,092 last week and $5,765,521 the pre¬
vious week. The following are the imports at New York tor
week ending (for dry goods) July 18 and for the week ending
(for genera] merchandise) July 19:
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.

Dry goods

General merchandise...
Total for the week.

1876.

$1,536,127

$1,767,982

4,527,420

3,663,992

5, *01,236

$1,368,042
4,572,298

$7,001,511

$5,200,119
161.895,341

$6,969,188
183,358,435

$5,940,340
152,837,873

$170,095,460

$190,327,623

$158,778,213

Previously reported.... 194,099,255
Since Jan. 1

In
of

our

1877.

1875.

$2,474.091

,$201,100,766

1878.

report of the dry goods trade will be found the imports

dry goods for

one

week later.

The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending

July 23:
EXPORTS FROM NEW YORK FOR THE WEEK.

For the week

Previously reported....

1875.

1873.

1877.

187S.

$5,203,632
132,955,399

$5,832,961
133,120,024

$6,121,905

$7,018,127
182,575,638

144,122,877

as

of more than one half of the
the whole issue of the bonds

Teutonia Savings Bank Securities.—The following secu¬
rities held by the Teutonia Savings Bank were sold at the

Exchange salesroom, by order of Receiver Fish.
ized

over

The sale real¬

$300,000.
Bonds.

Bonds.

$68,000 T’wn of Hamlin, Mon¬

$12,000 County Court House

0 per cent stock :
County, 7s:
$5,000 due 1885
104%
ea., due ’79-83, inc. 87
1,000 ea., due’84-88, inc. 90
5,000 due 1888
106%
2,000 due 1889
1,000 ea., due’89-93, inc. 92%
106%
1,000 ea., due ’94-97, inc. 94% $13,000 City of Br’klyn Third
500 ea., due’80-86, inc. 93
St. imp. l’n 7s, $1,000 ea.105%
500 ea., due’87-96, inc. 94% $26,500 T’wn of W. Farms 7s :
15 $500 ea., due ’79-’86, inc. 103%
$6,000 Town of Kendall, Or¬
leans County, 7s:
38 500 ea., due ’86-’89, iuc 108%
6 $1,000 ea., due’79-94,inc. 94% $11,000 Town of Westchester
7s:
$50,000 Br’klyn City sew. 7s :
50 $1,000 each, due 1880 ...104%
11 $1,000 ea., due ’84-86, ine.lll
$9,000 T’wn of Eastcliest’r 7s:
$18,300 New York assessm’t
fund 7s, due 1878
18 $500 each, due ’82-90, inc.105
..101
$3,000 New York tax relief
$2,000 Town of Rye 7s :
4 $500 each due 1879
7s, due 1879
102%
101%
$17,000 T’n of Morrisania 7b:
$1,000 New York street open- 16 $500 each, due 1883
107%
ing and impr.7s, due ’82.107%
17 500 each, due 1884
107%
$27,800 New York accumu¬
1
lated debt 7s:
5U0, due 1892
Ill
1 of $15,000, due 1884 ....108% $30,500 Town of Kendall, Or¬
1 of
leans County, 7s:
10;000, due 1885 ....109%
1 of
15 $1,000 ea., due ’79-92, inc. 94
2,800, due 1886
109%
14
500 ea., due’79-85, inc. 94
$20,000 New York City impr.
4
7 per cent stock
500ea., due’86-87, inc. 94%
113
2 shares New York City impr.
13
500 ea., due ’88.94, inc. 94
7p. ct, stock, $1,000 ea.113
roe

15
15
15
10
14
12

$1,000

....

Alabama Great Southern Railway Company.—The Even¬

ing Traveler, of Boston, has the following article on this road:
The Alabama Great Southern Railway Company, formerly
Since Jan. 1
$138,159,031 $143,952,985
$150,244,732 $189,593,815 known as the Alabama & Chattanooga Railroad, and which at one
The following will sho^the exports of specie from the port of time was a matter of great interest to parties in Boston, after
New Y.ork for the week ending July 20, 1878, and also a com¬ passing through the vicissitudes to which such enterprises in
their incipiency are liable, now bids fair to become the great
parison of the total since Jan. 1, 1878, with the corresponding
Trunk Line ’ from the seaboard to the Southwest, and by com¬
totals for several previous years:
parison the best paying railroad in the South. The history of
this road forms an interesting episode in the general history of
Aux Cayes
July 18—Str. Atlas
Amer. gold coin..
$180 those roads which were sprung upon the community immediately
July 18—Str. Herder
London
Mex. silver dels
7r,OCO
The experiences of the war, so far as
after the close of the war.
July 23—Str. Colon
Panama
Amer. silver coin.
1,000
“

4

.

Total for the week ($72,000

silver, and $480 gold)
Previously reported ($3,772,041 silver, and $5,031,410 gold)
Total since Jan. 1, 1878
Same time in1877
1876
1875......
1874
1873
1872

($3,843,044 silver, and $5,081,590 gold)... $8,924,934

The

Same time in—
1871
1870
1869
1868
1867

$7,532,ISO
2,558,060

...........

been

7,887,353

2,725,674
2,869,261
2,739.832

......

imports of specie at this port during the

as

$71,480
5,853,454

•

$3,348,306
7,3-30,217
9.767.172

4.08S.006

1,743,560

periods have

same

follows:

Jnly 15—Str. Colon....Aspinwall

Amer silver

Foreign tiiver
Amer. gold
Foreign gold
Gold

July 15—Str. Bermuda

Laguayra

July
July
July
July
July

Hamilton

15—Str. Canima....
16—Str. Atla9.i
17—Str. St. Laurent
17—Str. Lessing
19—Brig Edwin Rowe

....

$17,101
8,235
4,382
‘
520

oars

394

28,95)
40,160
11,600

Kingston

Amer. silver
Amer. gold
Foreign gold.....
Foreign gold
Amer. silver,...

Havre

Amer. silver

48,081
72,833

Ciudad Bolivar
...Curacoa

9,376
397

..

....Hamburg

July 19—Brig Curacoa

...

Amer. silver..

....

Gold bars
Amer. gold.......

.

Total for the week ($175,602 silver, and $76,699 gold)
Previously reported ($3,837,6U2 silver, and $4,512,315 gold)

10 207

’

60

$252,301

.’ 13,379,917

Total since JaD. 1, 1878 ($9,013,204 silver, and $1,619,014
gold)...$13,632,218
Same time in1877
1876
1875
1874
1873
1872

[

Same time in—

11871

11870

|

1869..

1 1868
1867
1866

The transactions for the week at the
as

:

Sub-Treasury have been

follows:
Receipts.

t—

Customs.

Coin.

$194,000

$214,561
1,315,999
380,953
1,431,423

July 20
“

22......

4*

23
24
25

270,000
375,000
233,000

26

185,000

“
“
“

<

497.000

61
47
13
16

455,831 90

304,478 22

Total

—,

Currency.
$803,527 22
1,575,771 68
1,085,063 19
1,050,156 09

693,220 61
1,469,860 70

-Payments.
Currency.
$168,121 54 $4'i6,248 51

,—

Coin.

1,174.316
247,179
165,932
137,247
173,022

98
75
52
90

08

2,017.827 50
967,864 18
1,168,112 87
500,160 49
287,247 29

$1,854,0)0 $4,103,24? 49 $6,677,599 49 $2,035,820 77 $5,407,460 84
Balance. July 19
117,597,278 79 46,988,996 27
Balance, July 26....;.. 119,634,705 51 48,259,134 91

railroad facilities were concerned, showed a lamentable want of
such facilities, and soon after the close of the war capital and

enterprise were turned in this direction. The Alabama & Chatta¬
nooga Railroad was commenced in 1869 and hastily pushed for¬
ward.
In 1871, loaded with a floating debt of over two million
dollars (being built entirely on bonds), bankruptcy followed.
Saits and cross-suits for a long time prevented the bondholders
from getting possession of their property. At this juncture in
the affairs of the road, John Swann, Esq., an eminent English
railroad attorney, who was well known as connected with the
settling of the Erie Railroad affairs for the English interest, after
away, purchased the
sale to pay receiver’s
debts, for account of Messrs. Erlanger & Co., London, who imme¬
diately arranged a plan whereby the original bondholders could
stand on their original footing.
“Mr. Swann immediately secured the services of Mr. F. Wolffe,
an eminent banker of Montgomery, who has, by his
untiring
energy and industry, released the road from its present embar¬
rassment and largely reduced its indebtedness, leaving but a few
cases in litigation, which it is supposed can be easily
arranged.
He has proved a most excellent appointment and is now the
permanent financial manager. The road is most emphatically an
English road, having only a bonded debt of $1,750,000, which is
to pay off receiver’s indebtedness and provide for repairs, etc.
The road has been placed under the superintendence of Mr. C. P.
Ball, under whose management the road-bed has been almost
entirely renovated.
Since Mr. Swann has been appointed general manager, the
English owners are having the road put in good repair; its
earniogs have annually doubled. When the present contracts
are finished, it will rank second to no road in the
country, having
exceptionally easy grades, admitting an excess of twice the
number of cars being hauled over any other road leading into
Chattanooga. The local business of the road will, when developed,
be very large, as it passes through and near some of the best
iron veins in the country, and is very rich in bituminous coal for
nearly two hundred miles. Its length—some three hundred miles—
is a continuation of an almost air line from New York to Meridian,
thus making the quickest and beat route to Mobile, New Orleans
and the Southwest. Its connection with the Vicksburg & Meridian
the Gould and Fisk regime had passed
Alabama & Chattanooga Railroad, at a

“

Railroad will make a direct continuation of the Southern Pacific
Railroad. An important connection, as well as a good feeder, will
be the Cincinnati road, now building.”

—Messrs.

Donnell, Lawson & Co., bankers, of this city, are
offering the 7 per cent gold bonds of the National Water Works
Company, of Kansas City. These bonds are secured by a mort¬
gage
upon the property and franchise of the Company. The bonds
Richmond Fredericksburg & Potomac.—In consequence of
the objections made, the directors of this road have decided not are issued under State and city ordinances, and the latter ordi¬
nance has been affirmed by a two-thirds vote of the
to complete the
people. The
proposed contract with the Potomac Steamboat
city
has contracted with the company to pay $33,000 per annum
Company, but to lay the matter again before the stockholders.
for its present facilities, and a rent of $80 per annum for each
The board has therefore called a special
meeting to be held Sept. additional
hydrant; and the city also agrees, at the end of twenty
30, for this purpose.
'
years, to purchase the property and pay off all encumbrances,
Southern Railroad of Juong Island.—The committee of the unless the company shall have obtained an extension of its fran¬
bondholders of the Southern Railroad Company of Long Island chise. This contract appears to be a
practical guarantee of over
have received notice of assent to the re-organization scheme
$33,000 per year, and of the payment of the principal in twenty
from bondholders representing about $800,000
sinking fund years.




...

1

*

*

THE CHRONICLE.

Jit* §fciulimr (gazette.

Closing prices
tf

DIVIDENDS.

The following dividends have
recently been announced:

Connecticut

or

Per

Company.

Books Closed.

Payable. (Days

&

Passumpsic Rivers
(Stonington) quar...
Banks.

Com Exchange
National Exchange
Pacific (quar.).. “

1

Aug.

2*

Aug. 10. Aug. 1 to Aug. 10.

5
4

Aug.

1.

1. July 25 to July 31

2>£

Aug. 1.
Aug. 1.

5

On dem.

10

Aug. 1.

Insurance.

Broadway

FRIDAY, JUIiY 26, 1878-5
The

inclusive.)

Railroads.

N. Y. Prov. & bost.

Adriatic

When

Cent.

Money Market

[Vol. xxvii.

at the N. Y. Board have been
Interest July

No Natiooal Banka organized
during the past week.

Nami

r

*

Period

price bid;

Situation.—The finan¬
cial situation remains unchanged, without a feature of
novelty in
the general condition of affairs.
The principal matter of interest
this week has been the increased
activity in stocks, with the evi¬
dence of a decided movement on the
part of some of the leading
operators.
The conference at Saratoga among officers of the
great trunk lines, is reported to have been quite harmonious, and

20.

July

22.

23.

follows:

July

July

24.

July

25.

26.

68, 1881
reg. J. & J. 107*4 1073s *107*4
107*2 107*2 107*2
68,1881
coup. J. & J. 107*6 *107*6
*107*4 1073q 107*2
68, 5-208, 1865...reg. J. & J.
*102*4 *102*4 10236 102*2 102% 107*2
102%
5-208,1865 .coup. J. & J. *102*4
6s, 5-20s, 1867...reg. J. & J. 105% 1023a *10238 102*2 *10230 102*2
105%
*105%
105%
105% *105%
68, 5-20s, 1867 .coup. J. & J.
105%
6s, 5-20s, 1868...reg. J. & J. *107% 105% 105% 105% "105% *105%
*107*2 "107*2 *107*2 *107*2
68, 5-20s, 1868 .coup. J. & J.
108*6 108
*108
108*6 *108
*108
58,10-408
--reg. M. & S. 108% 109
*109
109
*109
109
5s, 10-40s
coup. M. & S. 108% *108% 109
109
109
109
58, fund., 1881...reg. Q.-Feb.
106*4 106*4 *106*4 10638 106*2
58, fund., 1881..coup. Q.-Feb.
*10730 10738 1073a *10738 107*2 106%
10734
4*28,1891
reg. Q.-Mar. 104% 104%
104% 104% 104% •104%
4*28,1891
coup. Q.-Mar. *104*2 104% *104*2
104% 104% *104%
4s, 1907
reg. Q.-Jan. *100*2 100%
*100*2 *100*2 *100*2 100*2
4s, 1907
coup. Q.-Jan. *100*2 100%
*100*2 100% *100*2 100%
6a, cur’cy, ’95-99. reg. J. & J. "120
120% *120
*120% 120*2 120%
♦
This is the

P. HI.

and Financial

July

as

sale was made at the Board.

no

State and Railroad

Bonds.—Among

Southern State bonds

Louisianas sold to-day at 73 £ ;
Tennessees, new series, are quoted
33 bid and 35
asked, and old bonds 35 bid, 36$ asked.
Virginia
consols are 72 bid.
District of Columbia
3-65s, which now rank
almost with
governments, sold at 83.
Railroad bonds have been
firmly held on a fair business—
except where the bonds of popular roads have been
influ¬
enced by the decline in
stocks.
The decision of
Secretary
Schurz that the lands of
the Pacific- railroads
may be
entered under the
pre-emption laws at $1 25 per acre, has
created a good deal of
talk, and we are inclined to the
opinion that the Secretary errs in two
important points—first, in
ruling that the lands may be entered at all
by settlers without
.

report says that Mr. Vanderbilt conceded every minor
point
was asked of
him—presumably for the purpose of keeping
such an entente cordiale, that
nothing should prevent an early
advance in rates—and an advance to 20 .cents
further legislation
by Congress ; second, in holding that (with or
per 100 lbs. was in
without further
fact recommended on east-bound
legislation)
there can be any release of the lands
freight of the fourth class, to owned
by the companies from the lien of the
take place August 1.
The proceedings of this conference have
land-grant mort¬
gages.
The law under which the
been precisely such as our
reports have recently foreshadowed in that lands not sold or “disposed of” Secretary is proceeding says
by the companies may, after
regard to the probable course of Mr. W. H. Vanderbilt, and the a certain time, be
open to
pertinent statement is made in one of the press dispatches that it should be held that the preemption, and both in law and equity
companies had a right to
the meeting * ‘ has removed all
mortgage the
necessity for either the Erie or the fee simple of their land grants—the
Grand Trunk of Canada to look for new
mortgages are, indeed, in the
Western connections for nature of a conditional sale.
the trade of Chicago and the
The following securities were sold at
Mississippi Valley. The Western
auction at the
Vanderbilt routes are now open to both
Exchange
upon the same terms as salesroom:
to the
one

which

New York Central.”
In our local money market the
easiest rates prevail, and
large
amounts are offered on call with Government
collaterals at 1@1$
per cent, while on miscellaneous stock collaterals the rates are

1$
2$ per cent, with time money offered till November, on
good
security, at 3 per cent. Prime commercial paper is in demand at
to

8(5)4 per cent.

The Bank of England statement on
Thursday showed a decline
for the week of £149,000 in
specie, but a reserve amounting to
37 7-16 of liabilities, against
34f the previous week.
The rate
of discount was left
unchanged
at 3£ per cent.
The
Bank
of Fiance gained 9,000,000 francs in
specie.
The last statement of the New York
lity Clearing House banks,
issued July 20, showed an increase of
$980,450 in the excess
above their 25 per cent
legal reserve, the whole of such excess

being $24,232,475, against $23,252,025 the previous week.
The following table shows the
changes from the previous week
and a
comparison with the
1878.

-

Specie

Circulation

..

Net deposits

.

Legal tenders.

nreceding

Differ’nces fr’m
previous week.

.

July 20.
Loans and dis.

two

$236,195,500
22,001,600
19,405,100
221,252,100
57,543,900

Inc .$2,075,400
Dec.
47,000
Dec.
117,000
Inc. 3,840,600
Inc. 1,987,600

years :

1877.

-

Shares.
12 Grocers’ Bank
12 Home Insurance Co
20 N. Y.

City Fire Insurance

20 Cent. Park N. & E. Riv. RR
12 Municipal
Gaslight Co
Bonds.
$6,000 Certif. of Central Trust
Co. for Danv. Urb. Bl.
& Pekin RR. 1st mort.
Oct.-, 1874, coups, on.
10,000 Certif. of Central Trust
Co. for Indianap. Bl.
& West. 1st
mortgage.
Oct., 1874, coups, on.
....

14,979,800
15,546,400
222,813,600
57,499,700

United States

Bonds.—The market for government securities
has been active on a well distributed
demand. The sales of 4
per cent bonds and calling in of five-twenties
unsettles the
holders of all the latter class of

Coupon bonds dated July 1,1865, namely:
$50, Nos. 68,001 to 69,000,
inclusive; $100, Nos. 114,001 to 117,000, both inclusive;
$500, Nos.
79,501 to 82,000, both inclusive; $1,000,
Nos. 145,001 to 151,000, both
inclusive. Total coupon bonds,
$2,500,000.
Registered bonds as follows: $50, Nos. 2,301 to
2,350, both inclusive;
$100, Nos.18,251 to 18,350, both inclusive; $500,
Nos. 10,551 to
both inclusive;
$1,000, Nos. 35,201 to 35,450, both inclusive; 10,600,
Nos. 9,651to 9,900, both
$5,000,
inclusive; $10,000, Nos. 18,464 to 19,050,
both
inclusive. Total registered
bonds, $2,500,000. Aggregate, $5,000,000.
Closing prices of securities in London have been as follows:
both

-

July July July
12.

U. S. 6s, 5-208, 1867
U. 8. 58,10-408
5s of 1881
New 4*2 per cents




19.

26.

107% 108*4 108*4
110% 111*4 111*3
109
108*4 108%
106*4 106% 107

Range since Jan, 1,1878.
Lowest.

105*4
104*2
1033a
102*6

Jan.

Highest.
2

109% June

8

Feb. 25 111*2 July 22
Mch. 1 109*6 July 9
Feb. 25 107
July 25

.

.

1,500 Long Isl’A RR. (Glen
Cove Br.) 1st mort. 6s,
due 1884

2,000 N. Y.

& Oswego Midi.
RR. 2d mort. 7s,
Nov.,

35*2

1873,.coups,

40,000 Certif.

on

75

..for $11

of Farmers’ L’n
& Trust Co. for N. Y.
& Bost. RR. 1st mort.

7s, May, 1874, coups,

,

22%

July
19.

Louisiana consols
Missouri 6s, ’89 or ’90
North Carolina 6s, old
Tennessee 6s, old
Virginia 6s, consol

77%
*106

*15,

do *
do
2d series..
Dist. of Columbia, 3-65s

Railroads.

on

for

$4,3 00

*36
*70
*27

83*2

Range since Jan. 1,1878.

July
26.

Lowest.

Highest.

73*2

69% June 8 85
104*4 July 5 108
*14*4 15
Mch.29 18
*35
33*2 Jan. 4 39%

*105

*72
*27
83

30
74

July 16
Apr. 12

30
85

Feb. 11
June22

May 25
May 14

July 16

June 10

Central of N. J. 1st consol
64*4 Mch. 4 90 July 11
Central Pacific 1st, 6s, gold.. 106
*105% 103% Jan. 15 108% June 28
Chic. Burl. & Q. consols 7s...
*11238 113*8 109
Jan.
2 113*2 June 15
Chic. & Northwest, cp., gold..
101*4
99*2 91% Jan. 14 103*4 May 31
Chic. M.& St. P. cons. s. f. 7s.. 1003s
*98*2 91*8 Jan. 5 102% May 25
Chic. R. I. & Pac. 6s, 1917.
108*4 108*8 106 Jan. 5 110*2 June 28
Erie 1st, 7s, extended
*116
110
Jan.
7 116*4 July 8
Lake S. & M. S. 1st cons., cp.. *111
*111
109
Jan. 10 112*4 May 27
Michigan Central consol. 7s.. 111*2 112 105*8 Jan. 5 112
July 3
Morris & Essex 1st mort
*118
*118
115*2 Jan. 5 120 Apr. 29
N. Y. Cent. & Hud. 1st, cp
*117
118
Jan.
7 122
June26
Ohio & Miss. cons. sink. fd.
98% *98*4 95% Feb. 20 102*8 June 27
Pitts. Ft. Wayne & Chic. 1st
118
*118
118
Feb.
8 121*2 June 13
St. Loiiis & Iron Mt. 1st m..
108*4 *108
103
Apr. 5 1093s May 24
UniomPacific 1st, 6s, gold.,
105% 105*2 103% Jan. 7 108% June 28
do
sinking fund..
104
101
923a Mch. 6 105*4 July- 9
*
This is the price bid; no sale was made at
the Board.
Railroad and Miscellaneous

bonds, amounting now to some
$400,000,000 not yet called, and they are
large purchasers of 6’s
of 1881, 5’s and 4$
per cent bonds, against the sales of their fivetwenties.
The buyers of new 4
per cents, on the other hand, are
mainly new parties, and many of them takers of small lots. There
is a large demand from New
England and some from the
chiefly Chicago. Louisville also is a moderate purchaser. West,
Very
little demand is noted from
Arkansas,
where it would be desirable to have Mississippi or Tennessee,
government bonds more
widely held by the people.
The Treasury Department has issued
the sixty-tliird call for
the redemption of 5-20
bonds, on which interest will cease
October 23, 1878. The call is for
$5,000,000 bonds, described as
follows:
lias been decidedly active
-

Co. for N. J. Midland
RR. 1st mort. Febru¬
ary; 1876, coups, on
20%
2,000 Certif. of Central Trust
Co. for N. J. Midland
RR. 2d mort. Janu¬
ary, 1876, coups, on
1*2

Railroad Bonds for two
weeks past, and the
range since Jan. 1, 1878, have been as follows:
States.

20,681,400
15,257,300
224,705,800
57,198,200

60

96*8

Bonds.

11,000 Certif. of Central Trust

Closing prices for leading State and

July 22.

$250,932,200 $251,682,100

114

Co., new stock
60
15 Clinton Fire Insurance.
...124*2
10 Ridgewood Fire Insurance
96*2
15 N. Y. Equitable Insurancel90
17 Safe Deposit Co. of N. Y..112

1876.

July 21.

66*2

..

.

Stocks.~Tlie stock market

large speculative transactions. With¬
out any new facts
bearing upon values; without even rumors of
anything more seriously accepted on the street than the remarkable
telegrams of damage to crops; and just following the
adjournment
of the harmonious
Saratoga Conference, we have a break in the
market which carries St.

on

Paul

common

from 53 last week to^ 39

to-day; preferred from 83$- to 74; Northwest common from
51$
last week to 42$
to-day, and preferred from 78$ to 72. Other
stocks have fallen off in
sympathy, but the main attack has bee
upon the Granger stocks named.. It seems to be conceded that
the movement of prices follows as a
consequence of
sales,
by some of the^nost prominent speculative operators, heavy
but what is
the plan of operations and what other
transactions are intended to

accompanyme free sales of these stocks has not yet. been devel¬
The relative strength of Lake Shore and Erie led to a
rumor that the
parties selling the other stocks were buyers of
these, to form a combination for a through route to
Chicago. But

oped.

July 27,

of the day, and was looked upon as
altogether improbable. Upon the whole, no better reason has
been assigned for the bear attack than the desire to make a
turn,” and it is believed by many that buying for a rise is likely
to follow, as the large crops harvested give promise of a heavy
traffic on the Granger roads during the next six months, which
will furnish either the cash to pay dividends, or a sufficient basis
for the talk of dividends, on which higher prices for the stocks
can be engineered.
this

was

merely

"

Thursday,
July 25

Tuesday,

Monday,
July 22.

July 21.

July 23.

do

pref.

...

..

Michigan Cent

Morris & Essex
N.Y. C. & H. P.
Ohio & Miss...
Pacific Mall....
Panama
Wabash
Union Pacific..
West. Un. Tel.
Adams Exp....
American Ex..
United States
.

Wells, Earfiro..

Quicksilver....
__

do

pref.

7 QM
81
80% 82
49% 47 H 40
78% 76% 77%
115
115
114% 115
58
58% 58% 58
01% 01%
00%
10
17%
12
11%
*27%
80“ 80%
80
83%
63% 04%
02% 02%
07% 08%
00% 07%
84
84% 85
84%
109% 109% 109%
109% 109%
7
7%
8
7%
7%
7%
17%
17% 17% 10
17% 17% 17% 17
127% 127% *.... 130
13% 13%
14% 13% 14'
14% 14% 14
*03
03
03% 03%
■*03%
93
93
94%
92% 94% 94% 9'%
105
105
105
105
105
105% 105 105
47
47
*47% 47%
*47%
*47%
*47% 48% 48% 48%
48% 48% *47%
93
93
93
93
93
93
*92% 93
13
*13
13%
13
13% 13
13% 13
35
*32
35
33
33
*32% 34% *33

80
81%
4834 49%
70% 77%
114M U5
57% 58300% 01
10
10%
11% 12
27% 27%

48
77

72

„}«% 17%
85
s*
019
frl> SP*
83
83%

108% 109i

10$1

l?4

18
*-... 127

13% 13%
02% 03
90% 92%
104% 105%
40% 40%
47% 47%
*

£8

....

....

-

74%

113% 114
51% 50
55% 58%

*128

..

93

-.

13% 13%
33% 33%
at the Board.

prices bid and asked: no sale was made
Total sales this week and the range in prices since Jan. i,
were as follows:
*

These are the

Sales of
Week.
Shares.

Central of N. J
Chic. Burl.& Quincy.
Chic. Mil. &St. P..
do
do pref.

14,725
•

..

Chicago & North w...
do

do pref.
Chic. Rock Isl. & Pae.
Del. & Hudson Canal
Del. Lack. & Western

Erie
Hannibal & 8t. Jo.
do

do
Hlinois Central
Lake Shore

•

2,420
251,285
68,841
112,320
53,865
2,820
6,017
104,651
147,375

1,400
300
630

pref.

224,968

Michigan Central
Morris & Essex
N.Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Wabash
Union Pacific
Western Union Tel...
Adams Express
American Express..
United States Exp...

Wells, Fargo <fc Co...

Quicksilver

45

2,800
1,650
51.800
440
497
173
150
600
300

5

Jan.

5
5

46% Mch.
7% Jan.

Feb. 28

10

21% Feb. 28
72% Feb. 14
55 %

58%
67%
5,680
2,197 103%
6%
2,610
140

Low.

13% Jan. 2 45% July 11
99% Feb. 28 114% July 15
36
Jan.
2 54% July 8
68% Jan. 30 84% July 9
33% Feb. 11 55% Apr. 17
59% Feb. 9 79% July 11
98% Jan. 15 119% June 7

12,655

6,679

Highest.

Lowest.

June 29

59% July 10
61 % July 10
18% July 25
13% Apr. 16
3134 Apr. 16
87
July 11
69% Apr. 15
72% Apr. 18

Jan.
3
June 10
Feb. 28 89
June 11
Feb. 11 112
June 29 11% Apr. 15

23 78 Jan. 16
Feb. 25
5 131

14% June 21
112

Jan.

12% June 26
62% July 13
75% Feb. 13
98

Jan.

46% July
46

Jan.

82% Jan.
13

July

20% Apr.
73

1877,

Whole year
1877.

date.

Jan. 1,1878, to

High.

6
94
11

37% 691
82% 105L
25% 74%
30 %

77

4%

15^

7
17

rz7°

40%>

/33%
79

45

73%
35% 74%
51% 92%
85% 109%
2% 11%
1278 26%
80

95% July 22
8 105% July 25
26 52% May 8
22
51% Feb. 25
June 5
7 95
2 19% Feb 25
June 15
5 37

73

56
91

84%
105

43%
36
81
13

60%
59%
90
24
45

ings of all railroads from which returns can be obtained. The
columns under the heading "Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 U), and including, the period men¬
tioned in the second column.
Latest earnings reported.—,/-Jan. 1 to latest date.—,
EARNINGS.

Week

or

Atch. Top. & S. F.2d wk
Atlantic Miss.& O.May
Bur. C. Rap. & N.3d wk
Burl.& Mo.R.inN.May
Cairo & St. Louis. June
Central of Iowa..May

Mo.

July

1878.

$89,500
125,208

1877.

1878.

1877.

$46,080 $1,644,383 $1,126,510

123,614
641,716
18,591
857,183
July
21,357
56,430
644,491
145,754
18,160
19,984
103,357
45,355
1
62,842
Central Pacific...June
1,460,000 1,484,232 7,883,363
91,520 2,179.929
Chicago & Alton.. 2d wk July 112,366
Chic. Burl. & Q...May
1,275,516 917,447 5,520,700
Chic. Mil. & St. P.3d wk July 149,000
140,818 4,695,000
Clev. Mt. Y. & D. .June
35,196
179,126
28,295
Dakota Southern.May
16,347
19,039
86,344
Denv. <fc Rio G...3d wkJuly
19,038
517,817
28.600
12,415
516,906
Dubuque &S.City.2d wkJuly
17,472
Erie
April
1,127,079 1,280,881 4,699,716
Gal. H. & S. Ant..May
443,975
88,254
66,478
Grand Rap.&Ind.May
478,010
110,255
93,483
Grand Trunk .Wk.end.Julyl3 143,749
168,261 4,637,500
Gr’t Western .Wk.end.Julyl2
77,939 2,362,862
79,443
HI.Cent. (Ill.line).June
406,939
386,905 2,451,671
do
Iowa lines.June
115,020
95,257
748,766
do Springf. div.June
88,371
14,151
653.158
Indianap. Bl. &W.2d wk July
20,595
22,982
Int. & Gt. North.. 2d wkJuly
617,876
19,401
20,908
Kansas Pacific.. .2d wkJuly
63,155
76,125 1,559,674
Louis v. Cin.&Lex. April
274,445
64,761
72,997
Louisville & Nash.May
393,000 384,942 2,099,713
Mo. Kans. & Tex .June
207,514
258,123 1,255.760
Mobile & Ohio
June
90,341
88,949
936,434
Nashv. Ch.& St.L.May.
730,140
124,837
128,647
*

-

628,109
481,042
344,672
123,741

-

Pad.&Elizabetht. 1st wkJuly
7,085
5,237'
Pad. & Memphis.. June
100,397
14,329
12,611
Phila. & Erie.....June
219,024 250,705 1,261,652
Phila. & Reading.May
1,286,015 1,387,329 4,171,768
St.L.A.&T.H. (brs)2d wkJuly
8,610
10,334
239,183
St. L. Iron Mt. & S.2d wk July
70,200
87,253 2,007,168
St. L. K. C. & No. .2d wk July
56,433 1,613,004
56,475
St. L. & S. Fran.. .2dwk J’ne
491,919
17,966
22,840
......

St. L. &S.E.(St.L.)June
do
(Ken.).June
do
(Tenn.).June

48,104
26.975
13,284

43,103
24,443
11,697

St. Paul &S. City.May

58,131

37,827

,




The range

of gold and clearings and balances were as
Gold

Open Low. High Clos.

Clearings.

July 20.. 100% 100% 100% 100%
22.. 100% 100% 100% 100%
“

“

23..
24..
25..
26..

“
“

“

100%
100%
100%
100%

287,528
161,076
82,100
238,379

100%
100%
100%
100%

100% 100%
100% 100%
100% 100%
100% 100%

100%'l00%

100%
This week 100%
Prev. w’k 100% 100% 100% 100%
S’ce Jan. 1 102% 100%'102% 100%

The

Fine gold bars..

86,310

63,986,000

917,286

745,000

1,347,873
1,537,131
749,728

$984,500

$990,49*

1,499,952

$48,735,000

853,576

%s and %s.
Five francs
Mexican dollars..

English silver

@
98 %@

—

—
—

—

94%
91%

—
—

@485

4 75

....

Prus. silv. thalers.
Trade dollars
New silver dollars

—

93 @
90%@

—
—

9858
98%

—

68 @
98 %@
99%@

—

70
98

—

par

—

ing ± premium; Charleston, scarce, £ premium; New Orleans,
commercial 3-16, hank i ; Chicago, 75 premium; St. Louis, par,
and Boston par.
Quotations for foreign exchange are as follows:
Prime bankers’ sterling bills ou London.
Good bankers’ and prime commercial...
Good commercial

Documentary commercial
Paris (francs)
Antwerp (francs)...:
Swiss (francs)...:
Amsterdam (guilders)

Hamburg (reichmarks)
Frankfort

3

60 days.

July 26.

(reichmarks)

Bremen (reichmarks)....
Berlin (reichmarcks)

4.82 @4 ,83
4.81%@L 82

4.85

@4, 81

4.83

4.80

days.
@4.86

4.84%@4.85

4.79%@4, 80%
5.20 @5, 1678
5.21%@5. 18%
5.20 @5. 1678
39% S' 40
943QS 94%
943s® 94%
9438 5 94%
943s@ 94%

@4.84

4.82%@4.83%
5.17%@5.15
5.17%@5.15
5.17%@5.15
40%@ 40%
95 @ 95%
95
95
95

@

@
@

95%
95%

95%

i\ew lork City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the week

ending at the commencement

of business
on July 20, 1878 :
-AVKRAGE AMOUNT OP

Loans and

Capital.

Banks.

New York
3,000,0:0
Manhattan Co.... 2,< 50,000
Merchants’
3,01)0,000

Mechanics’..

....

Un-on

America
Phoenix

...

City
Trad smen’s.....
Fulton
Chenrcal..
Merchants’ Exch.
Gallatin National
Butchers’* Drov.
Mechanic*’ & Tr.
..

2,000.000
1,200,000
3,000,000
1,030,000

1,000 003
1,000,000
6 0,000
300.000

1,000,000

1,500,030
500.000
6n0.000
203,000
000,000

Greenwich
Leather Manuf’rs
Seventh Ward..
300,000
State of N. York.
800,000
American Exch.. 5,000.000
..

Republic....

1,389,864
5.193,975
256,179
2,093,139
1,508,888
.56,876
275,744
141,64:1
70,118
167,298

850,536
912,500
1,293,900

relatively a
In domestic bills the following were rates on New York to-day
at the undermentioned cities: Savannah, buying £ premium, sell¬
was

1,000,000

306,570
2,044,109
1,430,933
826,849
693,555

6,711,000
7,478,000
8,697,000
9,248,000
7,945,000

4*81$@4*82 for
There
better inquiry for demand bills than for 60 days.

Mercantile

699,632
1,490,453

@

par.@%prem.

2,194.467
4,514,313
3,343,660
184,660
65,724

6 i 8,748

$8,656,000 $1,529,500 $1,538,540

Exchange.—On a dull market the rates for foreign exchange
rule lower, and actual business was done to-day at
bankers’ 60 days sterling, and 4*85 to 4‘85£ for demand.

7,838!705

4,657,679
2,153,996
2,174,750
599,373

@

4 75
3 90

5,000,000

370,331
430,882

3 97

4 81
4 10
Span’ll Doubloons. 15 60 @15 75
Mex. Doubloons.. 15 45 @15 60
114%@
115%
Fine silver bars
X X Reichmarks.
X Guilders

1,003,000

389,385
4,543,607

@

3 90

Napoleons

:

Currency.

Gold.

following are quotations in gold for various coins:
Dimes & % dimes. — 98
..$4 88 @$4 92
Silver

Sovereigns

Broadway

358,244

follows

Balances.

Quotations.

Commerce

*

"

52 ll-16d. per oz.

130

59%

92,078

100i@100f, and closing at 100£. On gold loans tlie rates to-day
were 1@2 per cent for borrowing.
Silver in London is quoted at

5

Mcb. 20

135,679
149,810

18,108
36,289
20,969
87,481
1,524

320.359
172,072
81,769
534,215
653,470
Tol.Peoria&War. 2d wkJuly
21,357
2,441,445 2,278,745
Wabash
.3d wk July
90,777
36 757
7,116
Worth’gt’n & S. F.May
10,019
The Gold Market,—Gold has been about steady, selling at

37%

118%
42%
40% 73%
15
43%

29% Feb.
19%
pref.;
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes tlie gross earn¬
do

Sioux City &St.P. May
Southern Minn...May

85

41%
70%
42% 40

6,254
33,215

3d wkJuly

Scioto Valley

July 20.
34
112
39
74

Central of N.J.
30*4 39% 89% 38% 39% 37% 88%
113
113
112% 113
Chic. Burl.& Q 112H> 112% 113% 114
48
C. Mil. & St. F. 47H 49M 47% 49%

Chic. & North.
do
pref.
C.R. I. & Pac..
Del.& H. Canal
Del. Lack.* W
Erie..
Han. & St. Jo..
do
pref.
Illinois Cent...
Lake Shore

Friday,

Jan. 1 to latest date.
1878.
1877.

-Latest earnings reported.1877.
Week or Mo. 1878.

a rumor

Saturday,
July 20.

87

CHRONICLE.

THE

1878.]

422,700

Pacific

1.500,000

Chatham

PeoDle’s
North America..
Hanover

450,030
412,503
1 CO,000
1,; 00,000

500,000.

Irving
Metropolitan

..

.

3,000,000

Cit z ns’
600,000
Nassau.
1,0 >0,000
Market
1,000,000
St. Nicho’as
1,000,0 0
Shoe and ieather*i,000,< 0*
Corn Exchange . 1,003,000
Continental
1,230.000

Oriental
Marine

..

..

...

300,000
401.000

Importers’&Trad 1,500,000
Park
Mech.

2,000,030

Bkg. Ass’n

500.000

Grocers’
300,000
North River...*.
240,000
East River
250,000
Manners’ & Mer.
100,000
Fourth National 3,5 0,000
Central National. 2,003,000
303,000
Second National.
Ninth National..
750,COO
Fir4 National...
500,000
Third National.. 1,00\000
N. Y. Nat. Exch.
300,000
.

...

Bowery National.
NewYortCounty

250,003
2 0,C0)

German Americ’n

750,000

Total

Discounts.

$

Specie.
I

Legal

Net

Temlrs.

Deposits.

-8

8

9.497.300 3,404,000 1,03 \ 000 10,464,000

490,700 1,737,930
6.664.500 1.228.500 2,9 .2,70 >
251.900 1,391.900
5.956.800
9 5.20J
270,000
3.814,900
7.570.103 1,062,500 2,582,200
43 ,000
238,000
2,077,030
4.549.700 1,016,900 3,0 000
2)2,000
304.800
3,206,00)
96,200
7.*7», 400
1,518,600
844.400 2,1>3,400
9.438.300
229.900
730.200
3.476.800
49 ,200
267.400
3,963,400
187,000
91,000
1,321,000
;'43.0 K)
40,000
1,337,COO
5,396,7 03

$
40,000

4,836.000
7,467,7.0

7.500
98,400

4,745,700
3,032,100
7.148.100
1,934,000
5.521.300
1,463.200
1,402,800
9,377,703
2.995.500

170,200
135,000
1,100
234,500

2,214,033
950,000

1,031,000

841.500

9,300

166.200

775,600

2.319.800

437.800
81,300
297,000

50 ,400
2 ;3.030

2,210,230

911,900

Circula¬
tion.

971,900

772,000
511,700
437.200
299,000

198,000
2,700
252,500
S2.800

45.000
1,900,400
680,000
1.727.800
139.000
12,780,000 1,815,030 2,048.000 .10,637,000
16,701,300 1.816.500 3,207,1C0 12,653,800 1,822,900
3,565,00)
894.200
914,100
29,000
4,674,503
540.500
180,COO
241.000
2,960,2.0
3.233.103
6-0,503
2.173.3 j0
2i;200
1.865.500
450 000
1,6 9,800
220,000
319,103
3,239,70)
3)2,003
111,000
768,80) 2.748.4 0
2.717.700
3)2.300
5,400
1,248,80.)
25,003
1.241,703
286,030 1.481600
71,000
1,600,033
4,66 ’,810
445,400
153,300 1.081,000
4,93),200
31,100
1.995.500
28.900
523.400
1,9.58.203
533,000 3,627,000 10,970,000 2,090,000
11,813,000
245.700
474,000
1,755.709
75,500
1.658.200
2’6 230
3,900
1,690,890
38.100
1,912,303
1,771,600
273,100
98,700
472,700
2.459.103
693,803
494,500
203,300
77,2.0
1.847,803
2.452.300
315,000
578.700
288,200
3.430,033
284.003
4,700
1,879,103
85,5)0
3.261.500
727.200
3,0*3.500
747,200
41.100
3.923,000
1,167 300
210,00)
1,314,030 • 14.000
339,000
416,00) 2,161,0)0
121,000
2,228,000
15.9-i8.500 1,346,400 3.473.800 17,540,200 1,109,600
540,000
822,000 3.912.100 14,023,400
11,015,500
116.400
442,103
306,300
605,000
21,*00
162.103
511,400
2,900
540,100
748,700
159.200
25.900
741,200
592, ICO
94,300
50,9(0
141.500
731.500
407,800
101,4)0
361.000
1,600
972,500 2.699.800 10,792,400 1,050,700
12,342,600
256,000 1,424,000 6,406,000 1,354,000
7,075,000
6*1.000
270,000
2.204,000
2,026,000
56 \2C0
3.345.100
80.900 1,193.000
3,167,390
151,800
8,846,000
543,100 1.772.100
7, 63,000
796.300
969,200 2,258,600 5,819,603
4.262.200
269.200
8*7,000
20S,000
1.178.300
31,600
885,500
13 000
218.300
252,000
962,400
180,000
1,223,90)
337,600
1,084,400
568,000 2,077,200
138, i63
2.151.300

65,625,230 236,195,500 22,001,600

57,513,900 221,252,100 19,405,100

88

THE CHRONICLE.
GENERAL

QUOTATIONS

OF

[Vol XXVII.

STOCKS

AND BONDS.
Quotations in New York represent tlio per cent
value, whatever the par may be; other quotations are
ThefoHowing abbreviations are often used, viz.:
frequently made per share.
“M.,” for mortgage; “ g.,” for gold; “ g’d,” for
for consolidated; “ conv.,” for
guaranteed;
“ end.,” for endorsed;
convertible; “ s. f.,” for sinking fund; “ 1. g.,” for land
grant.
Quotations in New York are to Thursday; from other
^Subscribers will confer
United States Bonds.

-

Bid.

a

favor

Ask.

cities, to late mail dates.
by giving notice of any

Bid.

rcg..J & Jj 107*2 1075s
coup..J & J:107% 107*2

Called Bonds

reg
coup

do

6s, 5-20s, 1865,

new

6s, 5-20s, 1865, new...
6s, 5-20s, 1867
6s, 5-20s, 1867
6s, 5-20s, 1868
68, 5-20s, 1868
5s, 10-40s
58,10-40s
5s, funded, 1881
5s, funded, 1881

4*28,1891
4*28,1891
4s, 1907
4s, 1907
4s, small
6s, Currency,
STATE

reg. J & J 1023s 1025s

coup.. J & J 1023s 1025s

reg..J &
coup..J &
reg..J &
coup..J &
reg..M&
coup..M&

J 105 % 1057s
J 105% 105 7s

J 107*2
J 108
108*2
S 109
109*8
S 109
109*8
reg.. Q—F 1063s 106*2
coup.. Q—F 107*2 1075s
reg.. Q—M 1045s 104%
:
coup.. Q—M 1045s 104%
reg
100*2 1005s
-.
coup
100*2 1005s
coup
100*2 1005s
1895-99..reg..J & J 120*2

SECURITIES.

Alabamar—5s and 8s> fundable. .Var.
8s, Mont. & Euf

43
10

..

8s, Ala. & Chat

8s of 1892-93
J & J
2s of 1906, funded “A”
J & J
5s of 1906, funded, KR. “ B”
Class “ C”

Arkansas—6s, funded, 1899

..J & J

7s, L. R. & Ft. S. issue, 1900. A & O
7s, Memphis & L.R., 1899..A & O
7s,L. R.P.B.&N.O., 1900..A & O
7s, Miss. O. & R. Riv., 1900. .A & O
7s, Ark. Central RR., 1900. A & O

9
20

43
70
46
20
3
O

O

3
3

3
4

6s.

6s, Land C.,’89

J & J

7s of 1888

6s, non-fundable bonds

48
27

107

45
67
102

82*2

10s, 1883-96
Dayton, O.—8s
2%

65

75
36

33*2

35*2
34%

95

Var.t 105
Var.t 109*2 111

Dist. Columbia—

Consol. 3-65s, 1924, coup
do

F &A

83*8

reg

6 s, 1876-’90

Allegheny Co., 5s

Capitol, untax, 6s
Hartford Town bonds,6s,

J&J

Atlanta, Ga.—7s
Do.

97

8s....

104

W n torwm’lfQ

Augusta, Me.—6s,

i887,

Augusta, Ga—7s
Austin, Texas—10s

Pa.—6s,coupon...Var.*
Hartford, Ct.—City 6s, various
t

106

..J&J
J&J

98
mum. F&At

Various

101
106
102

103*2 104*2
97
100

100
102

g.104

....

100

104
...t 114
untax. .t 102

Haverhill, Mass.—6s,’85-89..
Houston, Tex.—10s
6s, funded

Jersey City—
6s, water, long, 1895.

20
105
101

7s,
do
1899-1902.
J & J 108
7s, sewerage, 1878-’79
J & J 100
7s, assessment, ’78-79. J & J-M& N 100
7s, improvement, 1891-’94—Var. 107

7s, Bergen, long....*
Hudson County, 6s..

J & J
....A&O
do
7s.^I&S and J&D
Bayonne City, 7s, long
J&J
Lawrence, Mass.—6s, 1894...A& Ot
Long Island City^ N. Y
t

105
102
107
101
110

......

Louisville, Ky.—7s, longdates. Var.t 100
j

Lowell, Mass.—6s, 1894.

Lynchburg, Va.—6s
8s

83%
82

105*2
110

100*2
105*2
106
85
76
78
110

103*2
110

101
107
116

103*2

A&Ot 106*2 107*2

Indianapolis, Ind.—7-30s,’93-99. J&J

7s, short dates
6s, long
6s, short.....

85
100

1

Detroit, Mich.—7s, long
7s, water, long

Perm. imp. 6s, guar., 1891....J&J 104
Texas—6s, 1892
M
103
Perm. imp. 7s, 1891
7s, gold, 1892-1910
J&J 107
M&S 110*2 111
Washington—10-year
78, gold, 1904.
6s, ’78..Var. 98
J & ^ 112
115
Fund, loan (Cong.) 6s,
g.,*92 Var. 104
101
102
Fund. loan(Leg.)6s,
100*4 100*2 East Saginaw, Mich.—8sg., 1902 Var. 104
20
Elizabeth, N. J.—7s, short
t 75
20*2 27
7s, funded, 1880-1905
.-.Var. 71
6s, consol., 1905
J & J 72%
7s, consol., 1885-98
A&O 72
6s,
do
ex-coup., 1905... J
55
56*2 Fall River, Mass.—6s, 1904.. .F& At
6s, consol., 2d series
109%
J & J 27
5s, 1894, gold
6s, deferred bonds
F&At 103
4
4*2 Fitchburg, Mass.—6s. ’91,W.L. .J&Jt
109*2
Fredericksburg, Va.—7s
..M&N 101*2
Galveston, Tex.—10s, ’80-’95 ..Var.
CITY SECURITIES.
Galvest’n County,10s, 1901.J & J
Georgetown,
D.C.—See Dist. of Col.
Albany, N. Y.—6s, long.....Vai
102*2 106
Harrisburg,

Baltimore—
6s, City Hall, 1884
Q—J 106 107
6s, Pitts. & Con’v. RR.,1886.. J&J 107
Connecticut—5 s
109*4
t...
6s, consol., 1890
6s...
Q—J 109*4 109%
108
Balt.
&
6s,
O.
Delaware—6s
loan, 1890
Q—J 109*4 109%
J&J
6s, Park, 1890
Florida—Consol, gold 6s
109*4 110*4
J & J 75
Q—M
80
6s, bounty, 1893
Georgia—6s
M& S 109
114
F & A 102
do
6s,
7s, new bonds
exempt, 1893.. .M&S 113
116
J & J 107
107*2
5s, funding, 1894
7s, endorsed
J&J 104
105
ioo*2
6s, 1900
7s, gold bonds
J&J 109
111
Q—J 1077s
West.
Md.
6s,
8s, ’76, ’86
RR., 1902
J&J 110
A & O 109
110*2
112
5s,
consol,
1885
Illinois—68, coupon, 1879
101
J & J 100*2
Q—J 100
6s, Valley RR., 1886
War loan, 1880
A&O 107
109
J & J 100*2
5s,
new 1916
Kansas—7s, ’76 to ’99
105
J&Jt 100
103
Bangor, Me.—6s, RR.,1890-’94.Var.t 102 105*4
Kentucky—6s..
102*4
100*2
6s, water, 1905
Louisiana—Old bonds,fundable.Var. 50
J&Jt 106*2 106 34
E.& N.A. Railroad, 1894..J&Jt
6s,
8s, non-fundahle
Var. 50
101*2 102
6s, B. & Piscataquis RR.,’99.A&Ot
New consol. 7s, 1914
J & J 75
101*2 102
Bath,
Me.—6s,
railroad
aid
Var t 100
Maine—Bounty, 6s, 1880
101
F&A 103
104
5s, 1897, municipal
War debts assumed,
98
100
6s, ’89. A& Ot 112% 113
War loan, 6s, 1883
Belfast, Me.—6s, railroad aid, ’98.. t 99
100
M&S 106
107
7s, Levee of 1872.
1874

California—6s,

35
62

t,101
t

Dallas, Texas—8s, 1904

40
40
30

34
102

Ask.

Var.

8s

..J&J

Bid.

Columbia, S.C.—6s, bonds

Covington. Ky.—7.30s

'

Tennessee—6s, old, 1890-98

City Securities.

Columbus, Ga.—7s, Various

Var,

Allegheny, Pa.—4s
44
73

Ask.

105
115
30
30
30

UNITED STATES BONDS.

6s, 1881
6s, 1881

discovered in these Quotations.

error

State Securities.

cons.,

Var.j

27

107*2
102
109
101
101
108
106
103
108
102

110*4
96*2
102

99

100
95*2 97
96
97

Var.t
....Var.t
M&Nt 110% 110*2
J & J 95
J & J 108
107

Lynn, Mass.—6s, 1887
F&At
Water loan, 1894-96
J&J
5s, 1882
M&Nt
Macon, Ga.—7s
Manchester, N. H.—5s, 1882-’85...t

108

110*4 110%
101
101*2
65
101

75
102
6s, 1894
109*2 110
Boston,Mass.—6s,cur,long,1905Vart 115 116 Memphis,
Maryland—6s, defence, 1893.. J&Jt 108 110
Tenu.—6s, old, C...J & J 35
6s,
40
currency,
6s, exempt, 1887
short,
1880
Var.t
103
J&Jt 110
103*4
6s,
A
B
111*4
new,
&
J
& J 35
5s, gold, 1905....
38
r.
6s, Hospital, 1882-87
Var.t 110% 111
J&Jt 108
112
6s,
gold, fund., 1900
M&N 35
45
Sterling, 5s, gold, 1893
6s, 1890
A&OJ 107
109
Q—J 108
112
6s, end.,M. & C. RR.
do
35
38
5s, gold, 1899
5s, 1880-’90
J&Jl 105
107
Q—J 100
105
6s, consols
do
J&J 65
67
5s, gold, 1902
A&O 1 107
Massachusetts—5s, 1880, gold.J&J I 103 103*4
109
Milwaukee, Wis.—5s, 1891—J & D 95*2 99
Brooklyn, N.Y.—7s, ’77-80....J & J 101
5s, gold, 1883,
J&J 105
106
7 s, 1896-1901
105*2
Var. 104*2
7s, 1881-95
5s, gold, 1894
J & J 105
112
Var.t 110*4 110*4
7s, water, 1902
J & J 108
7s, Park, 1915-24
5s, g., sterling, 1891
J&J
117
119
J&Jt 106 108
Mobile, Ala.—8s...
-J & J
7s, Water, 1903
do
20‘
do
J &J 117
1894
119
5s
M&NJ 108 110
J & J
7s, Bridge, 1915
do
20
do
J
1888
&
J 117
119
...A&Ot 106 108
6s,
funded
M& N 33
6s, Water, 1902-5.
38
J &
Michigan—6s, 1878-79
J. & J 100*2
106
109
Montgomery, Ala.—8s...
J & J
6s, Park, 1900-1924
6s, 1883
J &
J & J 101
106
109
Nashville, Tenn.—6s, old
80
Kings Co. 7s, 1882-’89
90
7s, 1890
r.
M&N 109
112
M&N 109
6s, new
do
.•
80
90
6s,
1877-’86
M
&N
Minnesota—7s, RR. repudiated
105
107
25
35
Newark—6s, long
Buffalo, N, Y.—7s, 1876-’80.... Var. 100
Var.
Missouri—6s, 1878
J & J 100
104
101
7s,
long
7s, 1880-’95
.Var.
Funding bonds, 1894-95
Var. 103
J &
110
106
7s, water, long..-.
Var. t
7s, water, long
Long bonds, ’89-90
Var. 109
J &
111
106
New
Bedford, Mass.—6s, 1893.... t 111*2 112
6s, Park, 1926
Asylum or University, 1892. J &
M& S 100
103
104*2
t
Hannibal & St. Jo., 1886
Cambridge, Mass.—5s, 1889...A&Ot 102 102*2 N. Brunswick, N. J.—7s
J &
1035s
104
Newburyport, Mass.—6s, 1890
6s, 1894-96, water loan
t 109*2 110
do
do
J&Jt
1887....J &
113
112%
N.
103% 104
Haven, Ct.—Town, 6s, Air Line... 106 108
N.
Camden Co., N, J.—6s,
Hampshire—6s, 1892-1905. .J&J I 112% 113
coup
Town, 6s, war loan
Camden City, N. J.—6s,
War loan, 6s, 1884..;...
C 103
105
coup
* 105
M&S 106
do * 6s, Town Hall
107
New Jersey—6s,
7s, reg. and coup
103
105
*
113
1897-1902—J&J* 106
116
City,
7s,
sewerage
112
6s, exempt, 1877-1896
Charleston, S.C.—6s, st’k,’76-98..Q-J 52
115
55
J&J 106
do
6s, City Hall
New York7s, tire loan bonds, 1890....J & J
103
105
77
Newr
Orleans, La.—Premium bonds. 32
7s, non-tax bonds
68, Canal loan, 1878
34
92
J&J
Consolidated 6s, 1892
Var.
36
r6s, gold, reg., 1887..:
40
if 6 110*2
J & J 112
Railroad issues, 6s, ’75 & ’94..Var. 36
Chicago, 111.,.6s, gold, coup., 1887
38
J & J 113*4
98
100
Wharf impr., 7-30s, 1880—J &D
6s, gold, 1883
J & J
104*2 106
New
York
City6s, gold, 1891
J & J 120*4
105% 107
Os, water stock, 1876-80
6s, gold, 1892....
Q—Ft 100 103
A & O 120
104*2
6s,
do 7s,
4890-’95...
6s, gold, 1893
1877-79....Q—Ft 100 103
J&Jt
J & J 120
104
5s,
do
Cook Co. 7s, 1880
1890
North Carolina102
Q—Ft 100
M&N t 100
101*2
6s,
do
do
1883-90
68, old, 1968-’98
7s, 1892
106
Q—F 103
M&N 104
J & J 14*2 18
105*2
6s, aqueduct stock, ’84-1911..Q—F 103
Lake View Water Loan 7s
6s, old
106
A &O .14
t 100
7s, pipes and mains, 1900..M&N 115
Lincoln Park 7s
6s, N C. RR., 1883-5
118
..J & J 70
96
98
6s, reservoir bonds, 1907-’ll.Q—F 108
South Park 7s, 1876-’79....J
68,
do
109
& J 96
A & O 70
98
5s, Cent. Park bonds, ’77-98.. Q-F 101
West Park 7s, 1890..
6s,
do
103
coup, off
J & J 50
95
97
6s,
do
'
’77-95.. Q-F 100
Cincinnati, O —6s, long
6s,
do
108
coup, off
V
A & O
94
50
78,
dock
bonds, 1901
M & N 116
6s, Funding act of 1866,1900 J&J
117
98
9
6s,
do
1905
M&N 107
6s,
do
108
106
1868,1898A&0
9
108
6s, floating debt stock,1878..Q—F 101*2 102
6s, new bonds, 1892-8
J&J
9
103*2 105
7s, market stock, 1894-97 ..M&N 116
Southern RR. 7-30s,
6s,
do
117
A & O
1902...J&Jt 99*2 100
9
6s, improvem’t stock, 1889.M & N 104
do
68, special tax, class 1,1898-9A&0
105
7-30s, new
t
2
7s,
do
do
1879-90
.M
&
N 101
6s,
do
114
class 2
6s, g., 1906..M&N t84 ‘
A&O
86
6s, gold, cons, bonds, 1901. M&N % 109
Hamilton Co., O., 6s
68,
do
111
class 3 :
95
A&O
6s,
street
do
impr. stock, 1888.M & N 102*2 105
Ohio—6s, 1881
:
7s, short
J & J 104
100
102
7s,
do
do
do
’79-82.M & N 104
6s, 1886
107
long 7s & 7-30s. 104 108
J & J 106
68, gold, new consol., 1896
107
Cleveland, O.—6s, long
109
Pennsylvania—5s, gold, ’77-8.F&A* 100
Various. 102
103
7s, Westchester Co., 1891
106
5s, cur., reg., 1877-’82
30-year 5s
107
F&A* 100
99
100
Newton—6s, 1905
6s, short
....J&J 112
5s, new, reg., 1892-1902
113
Various.
100
I 111
F&A.
113
100%
5s, 1905
6s. 10-15,
7s, long
J&J 102*2 103
reg., 1877-’82
Various t 108
F & A 103
109
104
7s, short
Norfolk,Va.—68,reg.stk,’78-85..
6s, 15-25, reg., 1882-’92
J&J 90
98
Vari<
F & A 111
105
106
113
88,
coup.,
1890-93
Special 7s, 1876-’81
Var. 107
111
Yearly t 104 105
8s, water, 1901.....
M&N 110
112
*
Price nominal; no late trar
sactions.
t Purchaser also pays accrued
interest.




...

....

*

......

.

•

I In London.

July 27,

tHE CHRONICLE.

1878.]
GENERAL
For

Bid.

City Securities.

Norwich, Ct.—5s, 1907...
Orange, N. J.—7s
Oswego, N. Y.—7s

QUOTATIONS OF STOCKS AND BONDS—Continued.

Explanations See Notes at Head, of First Page of Quotations.
Ask.

103

...A&O) tl02
.

Paterson, N. J.—7s, long..

r

I
r

8s

8s, special tax

.

1104
106
95
105
105
*100

r
r
r
r

5s, reg. and coup.

108
114

81
*60

80
109
’1103*2 104
106*4
Portsmouth, N. H.—6s, 1893, HR.. H06
1110
111*2
Poughkeepsie, N. Y.—7s, water
1107
107*4
114
115
6s, gold, 1900
J &
1106
107
102
104
Richmond, Va.—6s
J<5
L16
8s...
J&
104
Rochester, N.Y.—6s,’76-1902.Yar. 100
110
112
7s, water. 1903.:
J &
•

’1107

Rockland, Me.—6s, ’89-99,RR.F&A 196%
£.30
Sacramento, Cal.—City bonds, 6s

97*4
......

.

Sacramento Co.

bonds, 6s

Salem, Mass.—6s, long
5s, 1904, W. L
St. Joseph, Mo.—7s
Bridge 10s, 1891
St. Louis, Mo —
6s cur.,

g.95

A&O 1111*8

J&J H02
...Yar,
J & J

iii*2
103
50
103
101
105
105
105
105

104
Bridge approach, 6s
Renewal, gold, 6s
Yar. 104
Sewer, 6s, gold, 1891-’93
Yar. 103*2 104*2
St. L. Co'.—Park, 6s, g.,1905. A & O 102
104
Currency, 7s. 1887-88
Var. 104*2 103*2

Stockton, Cal.—8s
g.90
Toledo, O.—7-30s, RR., 1900.M & N

8s, 1877-89
Yar.
8s, water, 1893 & ’94
Var.
Washington, D.C.—See Dist. of Col.
Wilmington, N.C.—6s, gold, cou. on
75
8s, gold, cou. on
1....
Worcester. Mass.—6s, 1892...A&O tll2
Yonkers, N. Y.—Water, 1903....... 109

Ala.Cent.—1stM., 8s,g., 1901..J&J
Ala.& Chatt.—1st, 8s,g., g’d,’99. J&J

J&J
Cheraw & Dari.—1st M.,8s,’88.A&O
2d mort., 7s

85

7s, receiver’s certs, (var. Nos.)...
Ala. & Tenn. Riv.—1st, 7s
Alb’y & Susq.—1st M., 7s, ’88.. J&J
2d mortgage, 7s, 1885
A&O
3d mortgage, 7s, 18S1
M&N
Consol, mort., 7s, 1906
A&O

Allegli. Val—Gen. M.,73-10s..J&J
East, exten. M., 7s, 1910

Income, 7s, end., 1894

A&O
A&O

1st mort., 6s, gold, 1899
1st, 6s, g., 1899, ex coup
2d mort., 7s, g., 1902

1091s
104

90
+99
105
85
20

101
107
89
25

J&J

3d M., 6s, 1884...J&J
4th M., 8s, 1876 .J&J
.

*

Price nominal; no late transactions.-




*94

97

961

1 The

•

^

•

103

70
42
105
90

73
47

Del. Lack.& W.—2d

105
80
105
100
t99

118
107

M.,7s, ’81.M&S

106*4

Convertible 7s, 1892
J&D
Mort. 7s, 1907
M&S
Denver Pac.—1st M.,7s, g.,’99.M&N

1063s

100

Dubuque& Sioux C.—1st,7s,’83. J&J
1st mort., 2d Div., 1894..
.J&J 104
Dunk. A.V.&P.—lst,7s,g..l900J&D 104
10
Dutchess & Col.—1st,7s, 1908.J&J

25
50

50

105

20

102

100*8 100*2

E. Tenn. &

85
85
174

74%

25

Sterling debs., 6s, g., 1906..M&S

*74

77

50
64
22

.

103

104*2 105*2
5s, perpetual
A&O
Erie Railway—1st M., 7s, ’97,M&N 115
2d mort., 7s, 1879
M&S 105
3d mort., 7s-, 1883
M&S 1083s
4th mort., 7s, 18S0
A&O
5th mort., 7s, 1888
108*2
i.J&D 107
+
109
+102

Sterling, 6s, gold, 1875
1st cons., 7s, gold, 1920

M&S
J&J
Recon. Tr. Certs., 6s, coups, fund
Debentures,,7s, g., 1903 —Q—J

193
’

162

10978
100*8 10034
101
108

78

w%

Fram’gham & Lowell—1st, 7s, 1891
•

H92*4

do

108*8 108*4

1075s 108
91
93
72

52*2
*83
*

85
*

*
*

150

Gal.Har.& S.A.—lst,6s,g.l910.F&A

+85
80
105

6s
Gilman C1.&

J&J

70
20
87
85

108

.

Sp.—lst,7s,g.l900M&S

Gr.Rap. & Ind.—1st, l.g., g’d, 7s, g.
1st M.,7s, l.g., gold,not guar.A&O
Ex land grant, 1st 7s, ’99
Greenv. & Col.—1st M., 7s, “guar.”

95*2
84

Hack’s’k&N.Y. E.—1st, 7s,’90. M&N

ft In Amsterdam.

97
87

50

Bonds, guar

* In London.

60
87

30

5

Georgia—7 s, 1876-96...:

1*0*5

*50
100
60

(notes), 8s, 1883

Gal.Hous.&H.—1st, 7s, g.,1902.J&J
55

101

Bay C.& E. Sag.—1st, 10s„82.J&J
Holly W. & M.—1st, 8s, 1901.J&J
Flushing & N. S.—1st, 7, ’89. .M&N

2d mort., 7s
M&N
Cent. L. I., 1st, 7s, 1902
1075s
M&S
110
113
Cent, exten., 7s, 1903
M&N
108
103*2 Ft. W. Jack. &S.—1st, 8s, ’89..J&J
Ft.W. Mun.& C.—1st, 7s, g.,’89. A&O
1198

63
110

99
80

Evausv.T.H.&Chi.—1st, 7s, g.M&N
Flint& Pere M.—lst,l.g.8s,’88.M&N
Cons. S. F., 8s, 1902
M&N
Flint & Holly, 1st, 10s, ’88.M&N

111
104
95

4-

Europ’n & N.Am.—1st, 6s, ’89. J&J
104
Land gr., 6s, g
M&S
99 7s
Bangor & Pise. 6 & 7s, ’99... A&Q
Evansv. & Crawf.—1st, 7s, ’87. J&J

i07"

88
90

Elmira& W’msport—1st, 7s,’80. J&J

Recon. trustees’ certs., 7s
99*2
Long Dock mort., 7s, 1893..J&D
107*4 10734 Erie & Pittsb.—1st M., 7s, ’82. J&J
Cons, mort,, 7s, 1898
10178 102*8
J&J
100
Equipment, 7s, 1890
A&O

purchaser also pays accrued interest.

w'

92

110

70

_

Ga., 1st, 6s,’80-86.J&J
E.Tenn.& Va.,end.,6s, 1886.M&N
Eastern, Mass.—3*2S, g.,1906.M&S

113*4

1225s 123

106*4
111%

45
65

..

112*2 East Penn.—1st M., 7s, 1888..M&S
112*2 E.Tenn.Va.& Ga.—1st, 7s,1900.J&J

11

110

101

100*2 Dixon Peo.&H.—1st, 8s,’74-89. J&J 1102

Chic. Clin.&Dub.—1st, 8s, ’96. J&D
45
Chic. & East. Ill., 1st mort. 6s...
62
do
18
income M., 7s...
Chic. & Iowa—1st M., 8s, 1901.J&J
65
Chic. I’a& Neb.—IstM., 7s,’88.J&J 1103
Chic.&L. Huron—1st 7s, ’99..M&N

100

107

100

42
Den.& Rio G.—1st, 7s, g.,1900.M&N
62*2
Des M. & Ft. D.—1st, 6s, 1904. J&J IT 6478
Detroit & Bay C.—1st,8s,1902.M&N *35
1st M., 8s, end. M. C., 1902.M&N *170
Det. Eel Riv. & Ill.—M., 8s, ’91.. J&J
Det. L. & North.—1st,7s,1907 .A&O
198*2
Detr.&Milw.—1st M., 7s, ’75.M&N 145
2d mort., 8s, 1875
M&N +45
70
Det.& Pontiac, 1st M., 7s, ’78.J&J
do
3d M., 8s, 1886.F&A

27
25

t95

Delaware—Mort., 6s,g’d, ’95. .J&J 103

9634 Del.&Bound B’k—1st, 7s,1905F&A

6s, 1880
J&J tioo
Chester Val.—1st M., 7s, 1872.M&N *40
Chic. & Alton—1st M., 7s, ’93..J&J 115
Sterling mort., 6s, g., 1903..J&J +106
Income, 7s, 1883....
A&O 105
Chic. B. & Q.—1st, S.F.,8s, ’83.J&J 111
do 7s, 1896
J&J 1112*8
Consol, mort., 7s, 1903
J&J 112 34
t91
Bonds, 5s, 1895
J&D
5s, 1901
A&O
Chic. & Can. So.—1st, 7s, 1902 A&O
21

Ark. Cent,—1st M., 8s, g., ’91. .J&J
Atck’n& Pikes P.—lst,6s,g.’95M&N
35
45
Atck’ii & Neb—1st, 7s, 1907.. M&S
75
Atcli. Top.& S.F.—1st, 7s, g.,’99. J&J tl05% 106*6
Land grant, 7s, g., 1902
A&O 1106
106*4
Consol, mort., 7s, g., 1903...A&O
190% 91
Chic.& Mich.L.Sh.—1st, 8s,’89.M&S
Land income, 8s
J&J 1107
1st mort., 8s, 1890-’92
107*2
Var.
Atl’ta & Rich’d A. L.—1st, 8s..J&J
30
40
Chic. Mil. & St. Paul—
A tlantic & Gt. Western—
P. D. 1st mort., 8s, 1898
F&A
1st mort., 7s, gold, 1902
29
P. D., 2d M., 7 3-10s, 1898..F&A
J&J 127
2d mort., 7s, g., 1902
St. P. & Chic., 7s, g., 1902... .J&J
10*2
M&S tio
3d mort.. 7s, g., 1902
15*2
6*2
Mil. & St. P., 2d M., 7s, 1884.A&O
M&N
Leased L. rental, 7s, g., 1902.J&J f45
50
La. C., 1st M., 7s, 1893
J&J
do
do 7s, g., 1903.J&J
20
117
I. & M., 1st M., 7s, 1897
J&J
West. ext. certifs, 8s, 1876..J&J 126
30
I’a. & Dak., 1st M., 7s, 1899. J&J
do
do
30
7s, guar. Erie 126
Hast. & Dak., 1st M.,7s, 1902. J&J
Atlantic & Gulf—Cons. 7s, ’97. J&J
90
91
Chic. & Mil., 1st M.,7s, 1903.J&J
Consol. M., 7s, end. Sav
40
1st mort., consol,, 7s, 1905..J&J
1st mortgage, 7s, end..
88
J&J
Chicago & NorthwestS. Ga. &Fla„ IstM. 7s. 1889.M&N
99
100*2
Sinking fund, IstM.,7s,’85 .F&A
29
Interest mort., 7s, 1883 ..‘..M&N
At.Miss.&Ohio.—Cons.,g.1901. A&O 127
Com. bondholders certs
29
Consol, mort., 7s, 1915......Q—F
127
Atl. & St. Law.—St’g 2d, 6s ,g. A&O 1105
107
Exten. mort., 7s, 1885
F&A
Bald Eagle Val.—1st M., 6s,’81.J&J
1st mort., 7s, 1885
F&A
Baltimore & Ohio—6s, 1880...J&J *100*2 102
Consol., gold, 7s, cp., 1902..J&D
6s, 1885
A&O *104*2 106*2
do
do
r eg
110
Sterling, 6s, 1895
M&S 1108
Iowa Mid.,1st M., 8s, 1900. A&O
Sterling mort., 6s, g., 1902..M&S 1107
109
Gal. & Chic, ext,, 1st, 7s,’82.F&A
do
6s, g., 1910. M&N 1106
108
Peninsula, 1st, conv.,7s,’98.M&S
Balt. & Pot’c—1st, 6s, g., 1911. J&J 188
90
Chic, & Mil., 1st M., 7s, ’98.. J&J
1st, tunnel, 6s, g., g’d, 1911. A&O 187
90
Madison ext., 7s, g., 1911...A&O
Belle v.& S. Ill.—1st, S.F.8s,’96.A&0
82
Menominee ext.,7s, g., 1911.J&D
Belvidere Del.—1st,6s,c.,1902. J&D 104*2 106
La C. Tr.&P., 1st M., 10s,’78.A&O
2d mort., 6s, 1885
M&S 102
103
North w. TJn.,lst, 7s, g., 1915.M&S
3d mort., 6s, 1887
97
:F&A
99
Chic. & Pad.—1st M., 7s, 1903. J&J
Boston & Albany—7s, 1892-5.F&A 1135*2 116
Chic. Pek.& S.W.—1st, 8s,1901.F&A
6s, 1895
J&J 1106*2 107
Ch’c.R.I.&Pac.—S.F.,in.,6s,’95F&A
Bost. Clint.&F.—IstM., 6s,’84.J&J 185
90
6s, 1917, coup
J&J
1st M., 7s, 1889-90
..J&J *185
90
6s, 1917, reg
..J&J
N. Bedford RR., 7s, 1894....J&J *t 99
100
Chic.&S.W.—1st,7s, g. g’d,’90.M&N
Bost. Conc.& Mon.—S.F., 6s,’89. J&J 190
92
Cin. & Indiana—1st M., 7s,’92.J&D
Consol, mort., 7s, 1893
101
A&O 1100
2d mort., 7s. 1882-87
J&J
Bost. Hart.& E.—1st, 7s, 1900. J&J
26
28
Cin.&Sp.—7s, C.C.C.& t., 1901.A&O
1st mort., 7s, guar
28
do
J&J
guar.,L.S.&M.S.,1901A&0
'

•

»

•

M&N

Va. Cent., 1st M., 6s, 1880...J&J
do
do

45
9
60

•

*• »

..••••

Chesapeake & Ohio—

112*2

**

»

....

do
funding, 8s, 1877.J&J
Cheshire—6s, 1896...
J&J

37
8
20

Ask.

1111*4 111% Cin. Laf.& Ch.—1st, 7s,g.,1901.M&S
65
75
100
101
Cin. Ham.&D.—1st M., 7s,’80.M&N 101
102
1102% 103*4
2d mort., 7s, 1885
97
98
J&J
1113^4 114
Consol, mort., 7s, 1905
A&O
101
103
Cin. H. & I., 1st M., 7s, 1903.J&J,
32
35
1115
116
Cin. Rich. & Chic.—1st, 7s, ’95. J&J
80
85
Buff. Brad.& P.—Gen. M.7s,’96. J&J *47*2 00
Cin. Rich. & F. W.—1st, 7s, g.. .J&D
50
108
Cin. Sand’ky & Cl.—6s, 1900..F&A *t 60
Buff.N.Y.&Erie—1st, 7s, 1916. J&D
Buff.N.Y.& Phil.—1st, 6s,g.,’96. J&J
7s, 1887 extended
M&8 t79
69
Bur. C. R.&N.—1st,5s,new,’06.J&D
70*4
Consol, mort., 7s, 1890......J&D
133
35
Bur. & Mo. R.—L’d M., 7s, 93.A&0 111*2 112*2 Clev. Col. C. & I.—1st, 7s, ’99.M&N 107*2 108
Conv. 8s, various series
Consol, mort., 7s, 1914
84*2 84%
J&J 1110
J&D
Bur.& Mo. (Neb.)—1st M.,8s/ 94. J&J fll8
118*4
Belief. & Iud. M., 7s, 1899...J&J
111
tuo
Clev.&M. Val.—1st, 7s, g.,’93.F&A
8s, conv., 1883
-.. J&J
12
15
S. F. 2d mort,, 7s, 1876
Bur.&South'w.—1st M., 8s,’95.M&N
M&S
20
Cairo & St.L.—1st M., 7s, 1901.A&O
Clev. & Pitts.—4th M., 6s, 1892.J&J
ivT
+29
31
Cairo & Vine.—1st, 7s, g.,1909.A&O
Consol. S. F., 7s, 1900
M&N i‘1’2
98
100
Califor. Pac.—1st M.,7s, g.,’89. J&J
Clev.Mt.V.& Del.—1st, 7s, gold, J&J Tf29*4
84
87
2d M., 6s, g.,end C. Pac., ’89.J&J
Columbus ext., 7s, gold, 1901.
T[27%
60
Colorado Cent.—1st, 8s, g., ’90. J&D *tioo
Exten., 7s
J&J
Col. Chic. & I. C.—1st, 7s, 1908. A&O
45
Camden & Atl.—1st, 7s, g.,’93..J&J 109
45*2
2d mort., 7s, 1879....
2d mort., 7s, 1890
102*4
14*8 1478
F&A
A&O
45
Cam.&Bur. Co.—lstM.,6s,’97.F&A *l66
Chic. & Gt. East., 1st, 7s,’93-’95.
50
73
Canada So.—IstM.,guar.,1908,J&J
83
Col.&Ind. C.,IstM.,7s, 1904.J&J
85*2
Deb. certificates
do
2d M., 7s, 1904.M&N *50
57
Un.& Logansp.,lst,7s, 1905.A&O *65
70
Cape Cod—7s, 1881
F&A tl03*4 103%
30
T. Logansp. & B., 7s, 1884..F&A
35
70
Carolina Cent.—1st, 6s,g.,1923. J&J
80
Cin. & Chic. A. L., 1886-’90
101*2
Carthage & Burl.—1st, 8s, ’79.M&N tlOl
99
Ind. Cent., 2d M., ’10s, 1882. J&J
Catawissa—1st M.,7s, 1882..F&A
101
109
Col. & Hock.V.—1st M., 7s, ’97.A&O 102
New mort., 7s, 1900
103*2
F&A 108
S8
90
99
1st M., 7s, 1880
101
Cedar F. & Min.—1st, 7s, 1907. J&J
J&J
H05
2d
90
Cedar R. & Mo.—1st, 7s, ’91...F&A
91
105*4
M„ 7s, 1892
:....J&J
Col. & Toledo—1st mort. bonds
1st mort., 7s, 1916
M&N 1104% 105
105
Col. Springf.& C.—1st, 7s,1901.M&S
Cent, of Ga.—1st, cons., 7s, ’93.J&J 103
*40*'
37
40
Col. & Xenia—1st M., 7s,1890.M&8 104
Cent, of Iowa—1st M., 7s, g
106
“..
116
Conn. & Passump.—M., 7s, ’93.A&O 1102% 103
Cent, of N.J.—1st M., 7s, 1890.F&A
*
89*2
M&N
7s, conv, 1902
Massawippi, g., 6s, gold, ’89 J&J t
72
do assented
Conn. Riv.—S.F. 1st M.,6s, ’78..M&S 1100
100*2
88
48
52
Conn. Val.—1st M., 7s, 1901...J&J
Consol. M., 7s, 1899
Q-J
72
20
21
do
assented
76*2 Conn. West,—1st M., 7s, 1900. J&J
64
106
Am. Dock & Imp. Co., 7s,’86 J&J
Connecting (Phila.)—1st, 6s ..M&S * 104
65
do
Cumberl.Val.—1st M.,8s,1904. A&O
assented
70
L.&W.Coal, cons.,7s,g’d,1900Q-M
Danb’y & Norwalk—7s, ’80-92.. J&J
52
Dan. Ur. Bl. & P.—1st,7s, g...A&0
do
30* *35**
assented
99*2 100
Cent. Ohio—1st M., 6s, 1890..M&S
Dayton & Mich.—1st M., 7s, ’81. J&J 100*2 101
2d mort., 7s, 1887
97
98
Cent. Pac. (Cal.)—lst,6s,g.’95-8 J&J 10534 106
M&S
3d mort., 7s, 1888
90
State Aid, 7s, g., 1884
J&J 103*2
A&O
S. Joaquin, 1st M.,6s, g.l900.A&0
78
§0
923a 93
Dayt. & West,—IstM.,6s, 1905.J&J
87
Cal. & Oregon, 1st, 6s, g.,’88.J&J
90
1st mort., 7s, 1905
91*2
J&J

Consol., 7s, 1895

RAILROAD BONUS.

c

Bid.

Boston & Lowell—New 7s, ’92. A&O
do 6s, 1879
A&O 1*
New 6s, 1896
J&J
Boston & Maine—7s. 1893-94. J&J
Bost. & N. Y. Air L.—1st 7s...
Bost. & Providence—7s, 1893. J&J

St. Paul, Minn.— 6s, ’88-’90.. J & D
87*2 90
103
7s, 1874-90
M&N 100
8s, 1889-96
Yar. 103
S. Francisco—7s, g.,City & Co. .Var. g.107
60
65
Savannah, Ga.—7s, old
Yar.
58
65
7s, new
Yar.
Somerville, Mass.—5s, 1895..A&O 1102
102*2
106
6s, 1885
J&J 1105
Cal.& Or. C.P.bonds,'6s,g.,’92 J&J
1106*2 107
Land grant M., 6s, g., 1890.A&O
112*2
West. Pacif., 1st, 6s, g., ’99..J&J
Springfield, Mass.—6s, 1905..A&O 1122
7s, 1903
.*
A&O 1120
120*4 Charl’te Col. & A.—1st, 7s, ’90. J&J

c

Railroad Bonds.

*

Var 1101

long bonds

6s, short
...Var. 1100
Water 6s, gold, 1887-90...J & D 1104
do
do (new), 1892. A & O 104

„

Ask.

^

104
113

1025q 103*4
Portland, Me.-

Bid.

Railroad Bonds.

*6

90
36
10

90

THE CHRONICLE.
GENERAL QUOTATIONS
Railroad Bonds.

Bid.

Ask.

100

102

40

Chic.&Springf.’98.J&J :io4

106
102
111
99

rioo
♦109

Iud’polis Cin.&L. -1st, 7e, ’97.F&A
J&D

Ind’apolis & Cin., 1st, 7s,’88.A&O
Ind’polis & St. L.—1st,7s, 1919.Var.
2d mort., 7s, 1900

1st mort., 7s, ’91

Sterling, 1st M., 7s,
2d mort., 7s, 1896

60
30

A&O

.

ist
1st
1st

mort., 6s, gold, 1895
F&A
mort., 6s, gM 1896
J&D
mort., 1. gr., 7s, g..l899-M&N
Land 1st mort., 7s, g., 1880. .J&J

Land 2d mort, 7s, g., 1886..M&S
Leav. Branch, 7s, 1896
M&N
Income bds, No. 11,7s, 1916.M&S
do
No. 16,7s, 1916.M&S
Keokuk* Des M—1st,7s,1904. A&O

10
70

Funded interest, 8s, 1884.. .A&O
80Keokuk & St. P.—1st, 8s,’79. .A&O HOI
Laf. B1.&Miss.—1st, 7s, g.,’91.F&A *

Laf.Munc.&Bl.—lst,7s,g.l901F&A

*

Lake Shore & Mich. So.—
M. So.& N.I., S.F.,lst, 7s,’85.M&N
Cleve. & Tol., 1st M.,7s, ’85.. J&J
do
2d M., 7s, 1886.A&0
Cl. P. & Ash., 2d M., 7s, ’80..J&J
do
3d M., 7s, 1892.A&O
Buff.&E., new bds, M.,7s,’98. A&O
Buff. & State L., 7s, 1882... .J&J
Det. Mon. & Tol., 1st, 7s, 1906...
Lake Sh. Div. bonds, 1899..A&O
L. S.& M. S., cons., cp.,
1st,7s. J&J
do cons.,reg.,lst,7s,1900.Q—J
do cons., cp., 2d,7s, 1903..J&D
do cons.,reg.,2d,7s,1903.J&D

Lawrence—1st mort., 7s,1895.F&A
Leav. Law. & G.—1st, 10s, ’99. J&J
South. Kan's., 1st M., 8s, 1892
Lehigh & Lack.—1st M.,7s, ’97.F&A
Lehigh Val.—1st M., 6s, 1898. J&D
2d mort., 7s, 1910
M&S
Gen. M., s. f., 6s, g., 1923....J&D
Delano Ld Co. bds, end.,7s,’92 J&J
Lewisb. & Spruce Cr.—1st, 7s.M&N
Lex’ton&St. L.—1st,6s, g.,1900J&J
Little Miami—lstM., 6s,1883.M&N
L. Rock& Ft. S.—1 st, 1.
gr. ,78 ’95. J&J
Little Schuylkill—1st, 7s, ’77. A&O
Long Island—1st M., 7s, 1898.M&N
Newtown & FI., 7s, 1903 ...M&N
N. Y. &
Rockaway, 7s, 1901. A&O
Smitlit’n & Pt. Jeff., 7s, 1901.M&S
Louis’a & Mo.R.—1st, 7s, 1900F&A
*

Lou’v.C.&

.

Louisville loan, 6s, ’86-’87..A&0
Let?. Br. ext., 7s, ’80-’85
Leb. Br. Louisv. l’n,6s, ’93..A&O
Mem.& 0.,8tl., M.,7s, g.,1901J&D

*

102
110
111
102
110
110
112

30




no late

ioi*a 1
60
|
60
1

35

110

116
99

117

97
*t45
*103
100
*

100

99
55

i’01
80
80

100*4 103
103

106

107
87*2 88

transactions.

105
96

95
74
40

12

20

N. H. &N’th’ton—1stM.,7s,’99. J&J
Conv. 6s, 1882.........
A&O
N. J. Midl’d—1st M., 7s, g.,’95.F&A
2d mort., 7s, 1881..
F&A
J. Southern—1st M., 7s, ’89.M&N
.

N’burgh&N.Y.—1st M. 7s,1888.J&J
N. Lon.&North.—1st M.,6s,’85.M&S
2d mort., 78, 1892
J&D

N.O.Jack.&Gt.N.—lstM.,8s’86. J&J

2d mort., 8s, 1890, certifs ..A&O
2d mort. debt
A&O

86

110*2 112
106

94*2

iPerkiomen—1st M., 6s, 1897‘..A&O
- C. M., guar.,P.&.R.,
65
6g., 1913.J&D :oo
89
Petersburg—1st M., 8s, ’79-’98.J&J
99
43
2d mort., 8s, 1902
23
J&J
30
56*2 Phil. & Erie—1st M., 6s, 1881.A&O 103% 104*4
.9
2d mort., 7s, 1888
101
J&J 100
88
2d mort., guar., 6s, g., 1920. J&J :87
89
Philadelphia & Reading—
1st mort., 68, 1880
J&.T 10334 104*4
60
113
j * 1st mort., 78,1893
A&O 110

40*2
56

,

82
15

50
60
60
45
15
30
3

62
62
50
20
45
6
35

28
A

.

I Debenture, 1893
i E Mort., 7s, coup., 1911

48

J&J
J&D
J&D

104*2 105

Gold mort., 6s, 1911
New convertible, 7s, 1893...J&J
G. s. f., $ & £, 6s, g., 1908
J&J
Coal & I., guar.-M., 7s, ’92.. M&S
Phil.Wil.&Balt,—6s, ’92-1900.A&O

64

:66

108
86

119*2
108*2
87

101

90

95
100

ti'62
105
75
80
88
104
80
•20
2
20
60

mort., 7s, 1913

M., 6s,

92
106
88
22
5
25

96
*32

112
103
100
38

Portl’nd&Ogb’g—lst6s,g.,1900J&J

\92

00 i'- *3°

5

6

*4
27
20

1

34
25

M&S

Northern Cen.—2d M., 6s, 1885.J&J
3d mort., 6s, 1900..
A&O
Con. mort., 6s, g., coup., 1900. J&J
6s, g., reg., 1900
A&O
Mort. bonds., 5s, 1926
J&J
Con. mort, stg. 6s, g., 1904.. .J&J

t The

90

106
100
91
91
40

183

purchaser also pays accrued interest.

109

36*2
10

95
103
95

J&J

Rich’d&Petersb’g—8s, ’80-’86. A&O
New mort., 7s, 1915

M&N

37

Sheboyg’n& F-du-L.—lst,7s,’84J&D

t76

78

159

60

t57
85
5
30
95
91

95
10
40
101

*

59

102

25
105

So.&N.Ala.—lst,8s,g.,end.’90-. J&J
Sterling mort., 6s, g
M&N

:oi

93

.J&J

80

Shore L.,

Conn.—lstM.,7s.’80.M&S

SiouxC.&St.P.—lstM.,8s,1901M&N
Sioux C. & Pac., 1st M., 6s,’98.J&J t
South Carolina—
1st mort.,7s,’82-’88

1st, sterl. mort., 5s,g.,’82-’88.J&J
Bonds, 7s, 1902, 2d mort.... A&O
Bonds, 7s, non. mort
A&O
101
Southern of L. I.—M., 7s, ’79..M&S
South Side, L.I.—lst,7,1887.M&S
95
S. F., 2d, 7s,1900.M&N
do
110
South Side, Va.—1st, 8s,’84-’90.J&J 101
2d mort., 6s, 1884-’90
105*4
J&J
76
108
3d mort., 6s, 1886-’90
...J&J
66
116
So.Cen.(N.Y.)—1st 7s,’99,guar.F&A

(other)
7s, 1899 J&J
Norf’k&Petersb.—lstM.,8s,’77. J&J 99
1st mort., 7s, 1877
J&J
94
2d mort., 8s, 1893
'
J&J
90
North Carolina—M., 8s, 1878.M&N 100
North Missouri—1st M., 1895.. J&J 105
North Penn.—1st M., 6s, 1885. J&J 107
2d mort., 7s, 1896
M&N H2.
Gen. mort.., 7s, 1903
J&J 104^ 105
Northeastern—1st M., 8s, ’99..M&S 105
.

119*2

Vt. div., 1st M., 6s, g.,1891..M&N
10
Portl.&Roch.—1st M.,7s,1887. A&O
Pueblo & Ark. V.—1st, 7s, g., 1903.
199% 100
Quincy&Wars’w—lstM.,8s,’90. J&J mo*2 111*2
Reading & Columbia 7s
Ren.&S’toga—1st 7s,1921 cou.M&N 116
1st 7s, 1921, reg
116
Rich’d&Dan.—C.M.,6s,’75-90.M&N
71*2 72
Piedmont Br., 8s, 1888
97
A&O
Rich. Fred. & Potomac—6s, 1875...
90

.

120

2d mort., 8s, 1899

94
97

31
5
2

RomeWat’n&O.—S.F. ,7s, 1891. J&D
2d mort., 7s, 1892
J&J
Consol, mort., 7s, 1904.
A&O
20
Rutland—1st M., 8s, 1902,...M&N
94
Equipment, 8s, 1880
M&S
Equipment, 7s, 1880
M&N
118% Sandusky M.&N.—1 st, 7s,1902. J&J

xV.Y.&Harlem—7s,coup.,1900.M&N

N Y.Prov.&B’n—Gen.

93

g.,

Mort, 7s, 1881-90

108
100

90

guar.J&J t95
Pitts.Ft.W.&C.—lstM.,7s,1912. J&J 118
2d mort., 7s, 1912
J&J 114
3d mort., 7s, 1912
A&O 113
:
Equipment, 8s, ’84, all paid.M&S tl07
cons.

Pitts. TitU8V.& B.—New 7s,’96F&A
100*4 Port Hur.&L.M.—1st,7s,g.,’99 M&N

102*2
105*2

89*2

A&O

Pittsb.&Con’llsv.—lstM.7s,’98.J&J
Sterling

65
67

106*2 107

Pitts.C.&St.L.—lstM.,7s,1900.F&A

104% 106
103*2
110%

do

25

j

do
6s, 1887
J&D
do
real est., 6s, 1883..M&N
Hud. R., 2d M., 7s., 1885... .J&D
N. Y. Elevated—1st M., 1906.J&J

do

108

103*4 104*2

Mort., 7s, coup.. 1903
J&J 118
Mort., 7s, reg., 1903
J&J
118*2 Savannah&Clias.—lstM.,7s,’89 J&J
Subscription, 6s, 1883
..M&N 103%
Chas.&Sav., guar., ’6s, 1877.M&S
Sterling mort., 6s, g., 1903... J&J 1112*2 113*2 Seab’d&Roan’ke—lstM.,7s,’81F&A
N. Y. C., premium, 6s, 1883.M&N
105*8 Sham.Val.& P.—1st, 7s, g., 1901 J&J

7s, reg., 1900
M&N
N.Y.&Os.Mid.—1st M.,7s,g, ’94.J&J
2d mort., 7s, 1895
M&N
Receiver’s certifs. (labor)....

106%
97*2

106*2 107
108
108*4
55
94
96
87*2
94
96
102
Navy Yard, 6s, reg., 1881 ...J&J *100
100
Penn.&N.Y.—lst,7s,’96&1906.J&D 113 114*2
88*2, iPeoria Pekin & J.—1st, 7s, ’94. J&J *20
40
111
Peoria&R’k I.—1st,7s,g.,1900.F&^
25

87

N.Y.Bost.&M’nt.—lst,7s,g.,’89 F&A

N.Y. & Can.—£ M.. 6s, g., 1904.M&N
New York Cent. & Hud.—

48
40
93

;35

1st mort., 6s, 1880
J&J
General mort, 6s, coup.,1910 Q—J
do
6s, reg., 1910.A&O
Cons, mort., 6s, reg.,
1905..Q—M
do
6s, coup., 1905..J&D

l

109
85

M&N *118

N.O.Mob.&Cliatt.—1st,8s,1915. J&J

ill

113*2

86
69

46%

Pacific of Mo.—l8tM.,6s,g.,’88.F&A
2d mort.,7s, 1891....
J&J
Car. B., 1st mort., 6s, g. ’93..A&O

2d

NiHaven&Derby, 1st M., 7s,’98. Var

1

108

:io3
Clarksv., st’g, M., 6s, g.F&A J94

Price nominal;

12
75

103

60

113'

Pennsylvania—

i

Morris & Essex—

1st mort., 7s, 1914
2d mort, 7s, 1891

98%

PekinL.&Dec.—lstM.,7s,1900.F&A

101

98

..

Monticello&Pt. J.—1 st. 7s,g.’90Q—J

111*2 112
102% 103
101 *4 102

Lex.—1st,7s,’97 J&J (ex) 1102*2

2d mort., 7s, 1907
A&O
Louisville & NashvilleCon. 1st mort., 7s, 1898.. ..A&O
2d mort., 7s, g., 1883
M&N

F&A
1st, 6s, g., 1899. (U. P. S. Br.)J&J
2d mort., income, 1911
A&O
Han. & C. Mo., 1 st 7s, g.,’90.M&N
Mo. F. Scott &G.—1st., 10s,’99.J&J
2d mort., 10s, 1890.:
A&O
Mob. & Mont.—1st, end. 8s, g.M&N
Mob.&Oliio—lst,ster.8s,g. ’83.M&N
Ex. eertif., ster., (is, 1883.. M&N
Interest 8s, 1883
.-...M&N
2d mort., 8s, var
March
Montclair & G. L.—1st 7s, (new)...
2d mort., 7s (old mort lsts)..
Mont.&Euf.—1st, end.8s,g.,’80 M&S

45

110

!

R.—lst,7s,g’90.J&J

Mo. Kansas & Texas—
1st mort., 7s, gold, 1904-6

107
100

107*2

83
42

100

Miss.&Tenn.—1st M.,8s, series “A”
do
8s, series “B”

102*4

985s

7s,’98. J&J

111%

M&N

F&A
Construction, 7s, 1889
F&A
98
Bonds, 1900
J&J
General mort., 7s, 1901...'.A&O
102% 103*2
Consol, mort., 7s, 1915
J&D
94
95
Nash.Chat.&St.L.—1st,78.1913 J&J
68
69
Nasliv.& Decat’r.—1st,7s,1900. J&J
94
97
Nashua & Low.—6s, g., 1893.F&A
20
30
Nebraska—1st, 7s, cud. B.& M. Neb.
34
37*2 Newark & N. Y.—1st, 7s, 1887.J&J
10
13
New’k S’set&S.—1 st, 7s, g.,’89.M&N

A&O

S. F.

Omaha&N.W.—1st, 1. g., 7.3, g. J&J
Omaha & S.W.—lstM.,8s,1896. J&D

‘

|

-

„

*20
*100
*30
*25
101
82
38
111

108

Cons, mort., 7s, ’98
J&J
98*2 98%
2d mort., 7s, 1911. i
58
..A&O
Oil Creek— 1st M.,
80
85
7s, 1882...A&O
Old Colony—6s, 1897
F&A tl02% 103
6s, 1895
J&D tl02% 103
7s, 1895
M&S tll2% 113*4

13*2 Orange&Alexandria—
1st mort., 6s, ’73.M.&N
2d mort., 6s, 1875
J&J
3d mort., 8s, 1873
M&N
4th mort., 8s, 1880
M&S
| Or. Alex.& M., 1st M., 7s. ’82.J&J
30
Oregon & Cal. 1st M. 7s, 1890. A&O
Osw.&Rome—lstM., 7s, 1915.M&N
JOsw. & Syracuse—1st, 7s, ’80.M&N
|Ott. Osw. & Fax R.—M., 8s, ’90.J&J

80

Minn. & St. L., 1st in., 1927...J&D
Miss. Cen.—1st M., 7s, ’74-84.M&N
2d mort., 8s, 1886
F&A
do
Ex coup....

92

M.,7s,g.,.J&J 1106%

Oliio&Miss.—Cons.

95
89
90

Gd. Riv. V., 1st 8s, guar.,’86.J&J HOO
do
2d mort., 8s, 1879.M&S *t70
Kalamazoo&S.H., lst,8s,’90.M&N t70
Mich. L. Shore-1st M., 8s, ’89. J&J
Mil. & North.—1st, 8s, 1901... J&D
45

't98
191
35
35

F., 8s, 1890

Equipment bonds, 8s, ’83.. .A&O

77

Kane. C. St. Jo. &C. B.—
lstM.,C. B. & St. Jos.,7s, ’80. J&J
M. 7s,1907. J&J
,do inc. bds, rg.,6s,1907. A&O
Kans.C. & S. Fe.—1st, lOs.OO.M&N

13*4

106
tl02
M&S 1104

Ogd’nsb’g&L.Ch.—lstM.6s,’98,J&J
S.

82
30

80

Ask.

Northern Cent’l Mich.—1st, 7s
Northern, N.J.—1st M., 7s,’78.J&J
Norw’h&Worc’r—1st M., 6s.’97. J&J

95

29%

Bid.

Income, 7s
,
M&S
Panama—Sterl’gM., 7s, g. ’97.A&O J106
1st M. Air Line, 8s, 1890
J&J. t-104% 105*8 Paris & Danville—1st M., 7s .1903.
1st
do
91
8s, guar. ...M&N ; 90
Paris&Dec’t’r— lstM.,7s,g.,’92. J&J |15

..

.-

M&N
J&J

Consol., 7s, 1902

65*2
Intern’l &Gt.No.—Jut. 1st, 7s. A&O
64
66
Houst. & Gt. No., 1st, 7s, g.
62
66
J&J
Conv. 8s, 1892
10
....F&A
19
Ionia & Lansing—1st 8s,’89. ..J&J
97*2
Fa Falls & Sioux C.—1st, 7s,’99A&0
t89
91
Ithaca & Athens.—1st m., 7s,g.J&J *105
Jackson Lansing & Saginaw—
1st mort., 8s, ’85
J&J 1102
North Exten., 8s, 1890
M&N HOO
103
Consol, mnrt., 8s, 1891
too
M&S
95
2d mort., 1878
+99
100
Jamest.& Frankl.—1st, 7s,’97.J&J *
2d mort., 7s, 1894
J&D
Jefferson—Hawl’y Br. 7s, ’87..J&J 74
77
1st mort., 7s, 1889
J&J
80*2
Jeff. Mad.&Ind.—1st, 7s,1906.A&O 1105 *4
105*2
e
2d mort., 7s, 1910
J&J
84*2 85
Ind’pclis & Mad., 1st. 7s,’81.M&N 100
100*2
Joliet & Chic.—1st M., 8s, ’82. .J&J 106*2
Junction RR.(Phil.)—1st,6s,’82 J&J *102
2d mort., 6s, 1900
.A&O ,*102
Kalamazoo Al.&Gr. R.— 1st, 8s. J&J
98
100*2
Kal.& Schoolcraft—1st, 88, ’87. J&J
82
85
Kal.& Wh. Pigeon—1st, 7s, ’90. .J&J
98
100

Income 7s
Kansas Paci he¬

1891.F&A

3d mort., 8s, 1890
Scioto & Hock.Val., 1st, 7s..M&N
Balt. Short L., 1st, 7s, 1900..J&J
Cin. & Balt., 1st, 7s, 1900....J&J
Marietta P. & Clev.—1st, 7s, g., ’95
Consol. 7s.
J&D

95

Ind’apolis& Vin.—1st, 7s,1908.F&A
2d mort., 6s, g., guar., 1900.M&N

Railroad Bonds.

90
90
100
95
100
100

79
81

F&A
g.,

arq’tte Ho. & O.—1st, 8s,’92.F&A
Mar. & O., M., 8s, 1892
J&D
197
Houghton & O., 1st, 8s, ’91...J&J
110*2 111*2 Mass. Central—1st, 7s, 1893
21*2
Memp. & Cliari’n—1st, 7s,’80.M&N
3
1*2
2d mort., 7s, 1885.. 1
J&J
4
Mem. & L. Rock—1st, 8s, ’90.M&N
*55
61
Mich. Cen.—1st M., 8s, 1882..A&O

ni. Grand Tr.—1st M., 8s, ’90.A&O
Ind’lis Bl. & W.—1st, 7s, g.,’09.A&O
2d mort., 8s, 1890
J&J
Exteus’n 1st M., 7s, g., 1912.J&J
3d mort.,78, 1899

Leeds & Farm’gt’n, 6s, 1901.J&J
Portl’d & Ken., 1st, 6s, ’83.. A&O
do
Co ns. M., 68, ’95.A&O

93*2

30

Sterling, 8. F., 5s, g., 1903..A&O
Sterling, gen. M.,6s, g., 1895. A&O
do
5s, 1905
...J&D

Ask.

t88
t88
t99
t93
t99
t99
85

Androscog. & Ken., 6s, 1891.F&A

*

A&O

Illinois Central¬

M.&

107
102
106

87
84
78
110

Cons. 3d M. 7s. 1895
ist mort.

iio

105
*105
1101
105

85
82
75
108

-

Page of Quotations*

Bid.

Exten. bonds, 6s, g., 1900...A&O
Cons. 78, 1912
.A&O

tl03

92%

BONDS—Continukd.

70
L. Paducah & S.W.—8s, 1890..M&S
TT21*2
95*2 Macon & Aug.—2d, end.,7s,’79.J&J
95
97
nineCent.—Mort. 7s, 1898...J&J f 104
106

95%

.

Houston & Texas Central¬
ist^, g.,’91
J&J
West. Div., 1st, 78, g., 1891..J&J
Waco &'N. W., 1st, 7s, g.,1903. J&J
Cons, niort., 8s, 1912
A&O
Hunt. & Br. Top—1st, 7s, ’90..A&O
2d mort., 7s, g., 1895
F&A

STOCKS AND

at Head of First

Railroad Bonds.

MK.CTSpteJkoas&W—B1., .Ouacli&Red
Hannibal & Nap.—let,7s, ’88.M&N
Han. & 8t. Jo.- Conv. 8e, 1885. M&S
Land grants.
A&O
Quincy & Pal., 1st, 8s, 1892.F&A
Kane. C. & Cam., 1st, 1 Os,’92. J&J
Harl.& Portchester—1st M,7s,.A&O
Harrisb. P. Mt. J.& L.—1st, 6s.. J&J
Hartf.Prov.&F.—1st M.,7s,’76. J&J
Housatonic— 1st M., 7s, 1885.F&A
6s, 1889
J&J

OP

Explanations See Notes

i

For

[Voi» XX.VIL

,

i’09
102

So. Minne8’ta—l8tM.,8s,’78-88.J&J
1st mort. 7s

87
98

92

100

101

*94
106
60

109
65

So.Pac.,Cal.—1st.-,6s,g.,1905-6. J&J

Southwestern(Ga.)—Conv.,7s,1886
Muscogee R.R., 7s

Var.

91% Steuben v. &Ind.—1 stM. ,6s,’84. V ar.
St.L.AIt.&T.H.—lstM.-, 7s, ’94.Var.
2d mort., pref., 7s, 1894
F&A
85
2d income, 7s, 1894.,
M&N
93
50

♦

In London.

T[ I11 Amsterdam.

27*2

JVLY 27,

91

THE CHRONICLE.

187^. |

QUOTATIONS OF STOCKS AND BOND3—Continued.
Explanations See Notes at Head of First Page of Quotations.

GENERAL
For

Bid.

Railroad Bonds.

Boston & Maine
.°.100
Boston & Providence
100
71 *2 Buff. N. Y. & Erie, leased
100
55
Burlington C. Rapids & Northern..

60

69*2

M., 7s, g., ’97. J&D
Cairo Ark. & T.,lst,7s,g.,’97.J&D
Cairo & Ful., lst,l.g.,7s,g.,’91. J&J
Ark. Br. 1. gr.,

48

25
3
*40
106
43
25

Evansv. H.

46

7s

75

-

M&N

^49

M&N

TI32
85

4109
55

Syr.Bing.&N.Y.—consol.7s,’06A&0

Terre H.& Ind.—1st M., 7s,’79. A&O
Texas & Pac.—1st M., 6s, g
M&S
Consol, mort., 6s, g
J&D
Tol.Can. S.&D’t.—lst,7s,g.l906J&J

Tol.P.A W.—IstM.,E.D..7s.’94. J&D
1st mort., W. D., 7s, 1896...F&A
2d mort., W D., 7s, 1886.... A&O
Burl. Div., 1st, 7s, 1901
J&D

Cons. M., 7s, i 910. .M&N
do
Tol. Wab. & W.—1st M., 7s,’90.F&A

mort., 7s, 1878
M&N
Equipment, 7s, 1883
M&N
Cons, mort., 7s, 1907
Q—F
1st, St. L. div., 7s, 1896
F&A
Gt. West., Ill., 1st, 7s, ’88... F&A
2d

*65 ‘

10278
100

102

*80
42
97
97
20
20
80
11
30

M&S tin
F&A 103
J&D *102

6s, 1901
Cam. & Amb., 6s, 1883
do
6s, 1889
do

mort., 6s, ’89.M&N

UnionPac.—1st M.,6s,g.’96-’99.J&J
Land Grant, 7s, 1887-9
A&O
Sink. F., 8s, 1894

M&S

100
100

Pref., 7

86

do

108
111
113

10912
105*2 105%
IO8I4
10212
100

34
85

103
113
8
120

76 3g

44*8

50
Philadelphia & Reading
do
PreL, 7
.50
a. & Trenton, leased, 10... 100
Phila. Germ’n & Nor., l’sed, 12. .50
a. Wilmington & Balt
50
Pittsburgh Cincinnati & St. L...50

113
*60

East Pennsylvania, leased
East Tennessee Virginia &
Eastern (Mass.)
Eastern in N. H

Elmira &

20

43s
33

Worc’r & Nashua—78, ’93-’95.. Var 1106
185
Nash. & Roch., guar., 6s, ’94.A&0

RAILROAD STOCKS. par
Albany & Susqueh., Guar., 7...100

Allegheny Valley

Atchison Topeka & Santa
Atlanta & West Pt
Atlantic & Gulf
do

-

50

Fe..l00

Guar.,7

Atl. & St. Law., leased, 6, £

14
32

Washington Branch

Parkersburg Branch
Berkshire, leased, 7
Boston & Albany

100

100

100
100
..100

100

Bost. Clint. Fitchb. & New Bed.lOC
...100
Bost. Con. & Montreal
do
Pref., 6... 100
.

♦Price nominal; no late




*15
131

..

25

6

66*2

84*2

124%
412

135
109

§47

14

1*2

transactions,

25
133

6

50 §-

80

85
95

100

guar..

100

N. Y. Central & Hudson
New York Elevated

do

Riv.

..100
11

do
do

do
do

1st pref. 100
2d pref.. 100

100

Troy & Boston

i..

Hartford

...

72

t The purchaser also pays accrued interest,

156*4

130

United N. Jersey RR. & C. Co..100
Union Pacific
100
Vermont & Canada, leased
100
Vermont & Mass., leased, 5—100
Wabash
Warren (N. J.), leased, 7
Westchester & Phila., pref..i..
West Jersej''
West. Maryland.

633s
112
85
60
25
5
50
32

50

..50

50

Wilmingt’n & Weldon, leas’d, 7.100
100

Worcester & Nashua

CANAL

BONDS.

Chesap. & Del.—1st, 6s, 1886..J&J
Chesapeake & Ohio—6s, 1870 Q.—J
Delaware Division—68, 1878..J&J
Del. & Hudson—7s, 1891
J&J
1st ext., 1891
M&N
7s, 1884
.
J&J
..A&O
Coupon 7s. 1894

Kan.—1st M., 6s..M&N
6s
.M&N

Lehigh Nav.—6s, reg.,

69

1884...Q—J

Railroad 6s, reg., 1897
Q—F
Debenture 6s, reg., 1877—J&D

7012
72
100

10012 1OO70
100
100

10112

A&O 102U
4i

Registered 7s, 1894
Jas. Riv. &
2d mort.,

*70

105

10312
50

10513

10312 105

do
6s, g., reg., 1894.M&S
6s, gold, coup. & reg., 1897..J&D
Consol, mort., 7s, 1911
J&D
Louisv. & Portl.—3d mort., 6s—
4th mort., 6s
...

1885.A&O

mortgage
Pennsylvania—6s, coup., 1910.J&J
Schuylkill Nav.—1st, 6s,1897.Q—M
8
2d mort., 6s, 1907
J&J
67*4
Mortgage 6s, coup., 1895
J&J
49*2
5
85

68, improvement, cp., 1880.M&N
6s, boat and car, 1913
M&N
7s, boat and car, 1915
M&N
Susquehanna—6s, coup., 1918. J&J
7s, coup., 1902
Union—1st mort., 6s, 1883..

138

48
20

.158

110
80
139% 140

pref.

5

123
10

New

...

N. Y. N. Haven &

70

100

J&J

.M&N

CANAL STOCKS.

par

......

85

i'24^8

4*2

1

Convertible 68, reg., 1882...J&D

50
102

Nashville. Chat. & St.

93
92i^ 95
90
84
130
110
2
1

pref

3*4

50

90
100
Shamokin Val. & P., leased, 6...50 §120
re Line (Conn.), leased, 8... 100

88
44

......

54

3912
3
9
55
2
6

8%

t. Louis Iron M’n & Southern. 100
St. Louis Kansas C. & North... 100
do
do
pref., 10.100

Morris—Boat loan, reg.,
....

8

41

100

14%

3

75
88

80
90
35

Pref. 100

do

40

35*

do
Balt. Short Line, guar., 8
Cincinnati & Balt., guar.,

2

4912

100
....100

Pref., 7
Scrip.

South Carolina

§42*2

Memphis & Charleston

100

do
do

..50 §*20
40*2
Pref., 7..50 §39
100 *17*4 1738

Augusta.

85

.100

60% Schuylkill Valley, leased, 5
board & Roanoke
70

§49
5314

guar. 7....100

do

100

85

..100
2
100
100 $107

Augusta & Savannah, leased.. .100

Baltimore & Ohio.
do
Pref., 6
do
2d, pref

87

do

4
95
85

60

6058

50
Ga.100
100

92*2

107

guar, 6....100

Belleville & So. Ill.,

87*2

Macon &

do

98*2

30
88

100
100

*80
101

Wisconsin—IstM.,78,g.,’87..J&J
Wichita&S.W.—1st,7s,g.,guar.,1902
Wil.& Weldon—S. F., 7s, g., ’96. J&J
Wil.Col.&Aug.—IstM.,7s,1900. J&D
Winona&St. Pet.—1 stM. ,7s,’87. J&J IOOI2
86
2d mort., 7s, 1907
M&N
Ex., 1. g., mort., 7s, g., 1916. .J&D 119458
35
Wisconsin Cent.—1st, 7s, 1901. J&J

do
do

90

'

W.

97

100

d. & P

83*2
438

..

104
IOOI4 101
70
60
95
t94
100
95
26
24

4012

100

Pueblo & Arkansas Valley

27

do

86

94%
83
x84*2
1*2

Williamsport, 5
do

100

Special, 7.100

do

76*2

90
Erie Railway
85
Mort., 7s, 1891
J&J
do
2512
Pref., 7
100
Verm’t & Can.—New M., 8s
55
65
25
Erie & Pittsburg, guar., 7
20
50
Mississquoi, 7s, 1891
J&J
115*4
11478
tl04
IO414
Fitchburg
100
Verm’t&Mass.—1st M.,6s, ’83. J&J
70
68
Georgia Railroad & Bank’g Co. 100
Conv. 7s, 1879
J&J mo 111
112
Grand River Valley, guar., 5.. 100
do
7s, 1885
J&J tin
ii% 12
Hannibal & St. Joseph
1212 14
. .100
Vermont Cen.—1st M., 7s, ’86.M&N
27*8
do
3
Pref., 7.. 100
%
2d mort., 7s, 1891
J&D
57
27
25
Harrisburg P. Mt. J.& L., guar.,7.50 §*53
Stanstead S. & C., 7s, 1887. .J&J
40
Housatonic
100
Vick.&Mer.—IstM.,end.,7s,’90. J&J
30
do
Pref., 8
...100
2d mort, end., 7s, 1890
J&J
15
16
100
Houston & Texas Central
95
100
Virginia&Tenn.—M., 6s, 1884.. J&J 100
§*2
105
Huntingdon & Broad Top.. .....50
3d mort., 8s, 1900
J&J
3
§2
do
Pref... 50
do
98
Warren (N.J.)—2d M., 7s, 1900.
85 •
86
Illinois Central
100
Warren&Fr’kln—lstM.,7s,’96.F&A *7712 78
50
Westch’r& Phil.—Cons.,7s,’91. A&O *11412 II6I2 Indianap’s Cin. & Lafayette
76
106
JefFv. Mad. & Ind’p’s, l’sed. 7..100
West’n Ala.—1st M., 8s, ’88...A&O 104
106
103
Joliet
&
Chicago,
guar.,
7
..100
2d mort., 8s, guar., ’90
A&O
112
Kalamazoo A. & Gr.R., guar., 6.100
West. Md.—Ena., 1st, 6s, 90.. .J&J 108
2
Kansas City St. Jos. & Coun. B.100
9812 100
1st mort., 6s, 1890
J&J
.52*2 54
Kansas City Topeka & West’n. 100
End., 2d mort., 6s, 1890
J&J 108 112
6
5*2
65
Kansas Pacific
100
60
2d mort., pref., 6s, 1895
J&J
105
Keokuk & Des Moines, pref... .100
2d, end. Wash. Co., 6s, 1890. J&J 103
64% 6438
100
Lake Shore & Mich. So
3d, end., 6s, 1900
J&J 108 112
Lawrence (Pa.), leased, 10
50 §
West’nPenn—IstM., 6s, ’93..A&O
90
Leavenworth Law. & Galv
100
Pitts. Br., 1st M., 6s, ’96
J&J *80
80
78
50 §4038 41*4
West. Union RR.—lstM.,7s,’96F&A
Lehigh Valley

W. Jersey—Debent. 6s, 1883..M&S
1st mort., 6s, 1896
J&J
Consol, mort., 7s, 1890
A&O

§378

783s
47%

50

Dubuque & Minnesota.
Dubuque & Sioux City

Pref., 8.. ....50

do

8378

Danbury & Norwalk
50 §
Dayton & Michigan, guar., 3 *2-.50
do
Prer., guar., 8.50

33ie

50

Philadelphia & Erie

2
x32

Delaware
50
Delaware & Bound Brook..
100
10312 Delaware Lack. & Western
50
104
Det. Lansing & Northern, pref .100

109

Om. Bridge, sterl. 8s, g., ’96.A&0 Jill
Union & Titusv.—1st, 7s, 1890,J&J
Utah Cen.—1st M., 6s, g.,1890. J&J
95
Utica & Bl’k R.—1st M., 7s, ’78. J&J

533

36
25
40

50

Pref

& Syracuse, guar., 9.. ..50
125

Chicago Burlington & Quincy. .100 112*2
4
Chicago & East Illinois
Chicago Iowa & Nebraska
100 119*2
44
Chicago Milwaukee & St. Paul. 100
78*4
do
Pref., 7.100
Chicago & North Western
100 47

Cumberland Valley

23%
9413
814

55

35%

Pref., 7.100

ego

72*2 73
Concord
50
120
Concord & Portsmouth,guar.,7 100 117
42
Connecticut & Passumpsic
100 x40
Connecticut River
100 xl31 133

50

17
129

,

32
84

50 §22
50 §34
100

100

do

ex

do

^3138

x82
102
45

100

Cheshire, pref.

16

90%

Ogdensburgh & Lake Champ... 100
do
Pref., 8... 100
Ohio & Mississippi
100
do
Pref
100
35*2 Old Colony.
:
100
98
25
28
8

Chicago & Rock Island
100 114
15
Cin. Hamilton & Dayton.
100
§4*4
100
Cin. Sandusky & Cleveland
50
do
Pref., 6.50 §30
26*4
Clev. Col. Cin. & Indianapolis.. 100
Clev. & Mahoning Val., leased...50
83
Clev. & Pittsburgh, guar., 7
50
4*8
Col. Chic. & Indiana Central... 100
86
Columbus & Hocking Valley... .50
96
1134 Columbus & Xenia, guar., 8
50

89

coup.F&A 102
2d, 7s,’93...M&N
Q’ncy &Tol., 1st, 7s, 1890..M&N
LLl. & S. Ia.; 1st, 7s, ’82
F&A
do
do
ex coup..F&A
United Co’s N.J.—Cons.,6s,’94.A&0 *104
Sterling mort., 6s, 1894
M&S $109
do

do
do

100

100

do

J&J *180

Summit Br.—1st, 7s, 1903

100

Central Pacific
Charlotte Con & Aug

Chicago & Alton

..J&J IT6I16
10s, J&J II

Sunbury&Erie—IstM., 7s,’77. A&O
Susp.B.&ErieJimc.—1st M. ,7s

50

100

Pref

do

J&D T20

Cons., 7s
Bonds of 1869, 7s
St. Vincent & B., 7s.
do Receivers’ certfs.,

50

Old, pref
New, pref
Rapids & Mo
do
Pref., 7

42

50

26

50 §20
...50 §27
50

27*2
22*2 Central of Georgia
Ceutral of New Jersey
83*2 84
105
*101
Central Ohio..

2d, 7s, guar. ,’98
M&N 70
St. Paul & Pac.—1st sec., 7s...J&D Tf61*2

104

Ask.

50

75*2 North Pennsylvania
106*4 Northern Central
104*2

—

20

-

2d sec.,

do
do
Cedar

75%
106

100 x97*2

74*2 Burlington & Mo., in Neb
89
Camden & Atlantic
do
Pref
35
5
Catawi8sa

73*2

St.L.K.C.&N.2d(r’l est.),7s,’95 M&S
St. L.& S.E.—Con. M.,7s, g.,’94M&N
1st, cons., 7s, g., 1902
F&A

&N.,lst,7s, 1897. J&J
St.L. Jacks’v.&C.—1st, 7s, ’94.A&O
St.L.&SanF.—2d M.,classA,’06M&N
2d M., class B, 1906
M&N
do
class C, 1906
M&N
South Pacific.—1st M, 1888 .J&J
St.L.Vand.&T.H.-lstM.,7s,’97.J&J

500

1083s 108% Boston & Lowell

8t.L.&IronM’t—1st M., 7s, ’92.P&A
2d mort., 7s, g., 1S97
M&N
Cons, mort., 7s, g., 1914
A&O

Bid.

Railroad Stocks.

Ask.

Bid.

Railroad Stocks.

Ask.

Chesapeake & Delaware

Delaware & Hudson
Delaware Division, leased,
James River & Kanawha

Lehigh Navigation
pref., guar. 10

Pennsylvania
Schuylkill Navigation
do

Susquehanna

t In London,

do

.100
-.

Morris, guar., 4
do

50

.100
8... .50
.

pref

-50

100
100
50

50
50

50

In Amsterdam. § Quotation per share.

92

THE CHRONICLE.
GENERAL
For

Miscellaneous.

Bid.

Ask.

Miscellaneous.

MISCELLANEOUS
BONDS.

QUOTATIONS

OF

Explanations See Notes
Bid.

STOCKS AND

at Head of First

Ask.

N.E

85

90

85

90
103

Bid.

N. 1. BOARD

STOCKS.

Canton (Bait.)—
£ 68, g., 1»04. ..J&J
Mort. 6s,g.,1904 J&J
Un. HR.,1st, end.,6s.
do 2d,end. 6s,g.M&N
Consol. Coal—

BONDS—Continued..

Page of Quotations,

Miscellaneous.

HAN UF ACT’ING

.

Pol. XXV11.

MINING STOCKS.

Am.B.H.8.M.(Pa.)12*2
Amoskeag (N.H.) 1000
Androscog’n (Me.).100

24*4 Alpha Consol G&S.100

§24

8*2

Ask.

Bank Stocks.

Bid. I Ask.

Hide & Leather ...100
Howard
100
Manufacturers’.. .100
Market
..100

98*2

101
84

94*2

American Consol
9?8 Massachusetts ....250 105
Maverick
American Flag
100 141
•22
101
Appleton (Mass.) .1000 650
Belcher Silver ....100
87
434 Mechanics’ (So. B.)100 116*2
90
Atlantio (Mass.)... 100 113
Bertha & Edith
Merchandise
100
80
•06
Bartlett (Mass.)...100
Merchants’
18
190 125*2
1st M., 7s, 1885. J&J
18*2 Best & Belcher.... 100
13*2
95
100
Bates (Me), new ..100 113
113*2 Bobtail
Metropolitan...... 100
89
3
1st, con v.,6s,’97. J&J
75
80
Boott Cot. (Mass.) 1000 1540
Monument
100 151
1545 Buckeye
Cumberl’d Coal & I.—
•31
Boston Co.(Mass.)1000 925
Mt. Vernon
Bullion
950
1st M., 6s, ’79...J&J
100 3*60
100
99
98
100
Bost. Duck (Mass.)700 700
Caledonia Silver ..100
710
2d M., 6s, 1879.F&A
100 124
95
2*4 New England
100
Cambria Iron (Pa.).. 50 §*52
60
California
Ill. & St. L. Bridge—
100
100 108
85a
95s North
North America... .100 101
Chicopee (Mass.) ..100 109*2 110*4 Calumet & Hecla
175
1st, 7s, g.. 1900.A&O 180
85
Cocheco
Old
Cashier
Boston
(N.H.)....500 570 575
2d M.,7s,g.,1901 J&J
50
€0
37
J32
Collins Co. (Conn.).. 10
7
ChoDar-Potosi
100
6*2
People’s
100 142
3d, 7s, g., 1886.M&S
10
:5
Continental (Me.). 100
40
45
Cleveland Gold
10
Tun’l RR.,lst,£,9s,g.
100 121
Redemption
Dougl’s Axe (Mass) 100
99
Republic..
100 121
99*2 Consol. North Slope...
Mariposa Gold L.&M.—
Consol. Virginia...100
Dwight (Mass.). ..500 400 410
Cons. M., 7s,’86.J&J
100 100
7*2 Revere
Everett (Mass.)... 100
85
Rockland
,87
Confidence Silver. 100
?.100 118
Merc.Tr.real est. m.,7s
97
100
Franklin (Me.)
Second Nat..
100
47
50
Crown Point
N. Eng. M. Security,7s
100
100 127
7
Great Falls (N. H.)100
84
Pullm’n Palace Car—
•16
Security
100 190
•17
84*2 Dahlonega
Hamilton
(Mass.) 1000 880
Eureka Consol.... 100
Shawmut..
895
100 103*2
2d M., 8s, ’81..M&N
3234 36
95
99
Hartf. Carpet (Ct.)lOO 220
223
3d series, 8s,’87F&A
98
921« 95
Exchequer G. & S.100
2*4
3*4 Shoe & Leather... .100
Hill
State
52
(Me)
100
Gold Placer
-53
4th do
100 10934
•34
8S/92F&A
9He 93
Suffolk
Holjroke W. Power. 100 144 * 150
Gould & Curry $..100
100 110%
6 34
Stlg, 7s,g.,1885 A&O
Third Nat
100
100
82 34
Debent’e,7s,’78 A&O 100 100*2 Jackson (N. H.). .1900 1000 1025 Grant
Traders’
Grand Prize...:
Kearsarge
100
100
St.Charles Bridge—10s
:.
3
90
80
90
Laconia
(Me)
400
Tremont
400
Granville Gold Co.....
405
/LOO 102
•50
U.'S.M’g. 6s, g. £. J&D
•70
Lancaster M. (N.H) 400 655
Union
Hale & Norcross. .100
660
100 122
6s, g., $
6*4
Lawrence
(Mass.) 1000 1265 1270 Henry Timnel Co
Western Union Tel.—
Washington
;100 12434
Lowell
(Mass)
690 500
Webster
502L> Hukill
...100
7s, coup., 1900.M&N 109*8
95
4-90
Lowell Bleacliery.200 220
7s reg.. 1900.. M&N 109*8
230
•65
Imperial
Lowell Mach.Shop.500 715
Julia Consol
730
100
6
Brooklyn.
Sterl’g 6s, 1900.M&S !102 104
LymanM. (Mass.). 100
74
Atlantic
Justice
75
100
4*2
90
Manchester (N.H.) 100 110
Kentuck
Brooklyn
/
2%
110*2
Mass.
Cotton
1000
First
1050
National
1-65
1065 Kings Mountain
MISCELLANEOUS
170
Merrimack (Mass) 1000 1235 1240 Kossuth.
Fulton
50
85
STOCKS.
Middlesex (Mass.). 100 165
167
Lacrosse
City National
■35
200
Nashua (N. H.)....500 510
Commercial
520
Leopard
100 •60
90
Amer. Dist. Tel
.25
1934 20
Naumkeag (Mass.) 100
Leviathan
75*2 76
:
Long Island
90
■70
Atlan. & Pac. Tel. .100
25
27*2 N. E. Glass (Mass.)440
55
60
Lucerne..
Manufacturers’
10
90
Boston Land
10
23b
2*2 Pacific (Mass.)... 1000 1700
1705 Memphis
Mechanics’... /
;..
150
Boston Water Power..
3*4
33b Penu. Salt Mfg.Co..50
Nassau
68'
Merrimac
Silver.... 10
§65*2
150
Brookline Land
5
l*e
2*2 Pepperell (Me.)
500 700
720
Mexican G. & Silv.100
14
Brooklyn Trust
Canton Co. (Balt.). 100
15*2 20
5
Salisbury (Mass.).. 100
Moose
6
310 325
Cary Impr’m’t(Bost.)5
15c. Salmon
Charleston.
Falls(N.H.)300 225 240
Mont Bross
Cent. N.J. L’dlmp.100
B’k of Chas.(NBA) 100
48
20
N.
Sandw.Glass(Mass.)80
25
Y.
&
Colorado....
205
2*20
Cin. & Coy. B’dge pref.
First Nat. Chas.. TOO
70
100
Stark Mills (N.H.) 1000 830
850
Northern Belle.... 100
9
Equitable’Tr.(N.Y)100 100 102
88
People’s National. 100
Tremont& S. (Mass) 100 115
117
Ontario
Ill. & St. L. Bridge. 100
10
People’s of S.C.(new)2o
Thorndike (Mass.) 1000 700
720
Ophir Silver
100
S. C. Loan &Tr. C0.IO0
McKay Sew’g Mach. 10
60
Union Mfg.(Md.j
13
20
Orig.Comst’k G& S100
Merc’ntile Tr.(N Y)100
Union Bank of S. C.5o
40
Washingt’n(Mass.)100
7434 75
Overman G. & S...100
934
Mtg.SecurJBost.) xl06 108
Weed Sew. M’e (Ct.)25
8
53i
Plumas
405 4*20
Chicago.
O. Dominion SS.Co.100
Willim’tic Linen(Ct)25
67
Commercial Nat.. TOO
68
Raymond & Ely.. .100
2*2
Pacific Mail SS. Co. 100
16*4 17
York Co. (Me,)...'..750 1200
1225 St. Joseph Lead
10
2*4
Prod. Cons.L’d & Petr.
3*2 Corn Exch. Nat.. TOO
Fifth National...TOO
Savage Gold& Silv.100
9%
Pullm’n Palace CarlOO
80
Seaton consol....
100
*95
Bt. Louis Transfer Co.
1*4 First National
40
Hide and Leather
Segregated Belcli’rlOO
Un. Mining(Tenn.). 10
COAL & MISCEL.
Sierra Nevada Silv. 100
9" |Home National ..TOO
Union Trust
100
(Merchants’ Nat.. TOO
Silver City
100
U. S. Trust Co
100' 315
MINING STOCKS.
Nat. B’k of Illinois.100
Silver Hill
100
U. S. Mort.Co. (NY) 100
Northwestern Nat. 100
Southern
StarG&SlOO
1-70
West. Union Tel... 100
American Coal
92
25
28
Tip Top.
1*4 Union National... TOO
Big Mountain Coal. 10
Utah
Un.Stock Y’ds Nat, 100
9*2
Buck Mount’n Coal.50
EXPRESS ST’CKS
40
§35
Union Consol
6*2
Butler Coal
Cincinnati.
25
Yellow Jacket... 100
9
Adams
100 105*4 105% Cameron Coal
First National
10
140
American
Fourth National
100
130
47*4 47% Clinton Coal & Iron. 10
126
BANK STOCKS.
United States
German
of
100
Consol.Coal
Md.100 ‘25*’
48
101
Banking Co..
98
Wells Fargo
Cumberl’d Coal&I.lOO
Merchants’ National..
100.
100
Baltimore.
92% 93
Nat. Bank Commerce. *93’
Bank of Baltimore 100 115
George’s Cr’k C’l (Md.)
94
70
90
116
Locust Mt. Coal
Second National
Bank of Commerce.25
50
115
10
GAS STOCKS.
20
110
Third National
Marip’sa L.&M.CallOO
155
Chesapeake
.25
27
150
%
30
do
Citizens’.
10
pref. 100
Baltimore Gas....100
78
12*2 13*2
95
110
Cleveland.
Com. & Farmers’.. 100 102
Maryland Coal....100
do
11
105
certs
101
102
Citizens’ S. & L
100 100
105
New Creek Coal
Farmers’ B’k of Md.30
10
25
30
People’s G.L.of Balt.25
15
Commercial Nat .TOO 120
14*4
125
N.Y.
&
Middle Coal.25
Farmers’ & Merck. .40
Boston Gaslight...500 792*2 795
35
39
First Nat..
100 160
165
Pennsylvania
Coal.50
East Boston
i54
Farmers’&Planters’25
31
32
25
35
Merchants’ Nat... 100 120
35*2 Pilot Knob
125
I. (St.L)lOO
First Nat. of Balt.. 100 108
South Boston. ....100 xl!5
20
25
118
116
National City
150
100 140
Franklin
Quicksilver
13
12*2
Min’g.100
13*2
Brookline, Mass.. .TOO xll2 113
6*4
7*4 Ohio Nat
100
85
80
do
German American.... 100
33
pref...
35
105
Cambridge, Mass.. 100 xl34 136
Second Nat
100 120
125
St.
Nicholas
Howard
Coal
...10
1
7
Chelsea G. L
10
..100
99
100
San Juan Sil. Min.100
Hartford.
30
28
31
Dorchester, Mass.. 100 x97
1% Marino
97*2 S.
/Etna Nat/
Mechanics’/.
100 110
Raph’l Sil.,Mob. 100
14
113
Jamaica Plain ....100 xll6 118
10
16
9<e 10
do
American Nat
50
pref. 100
15
100 102
60
104
62*2
17*2 Merchants’.*.
Lawrence, Mass...100 xl20 122
Shamokin Coal
Charter Oak Nat.. 100 120
25
National Exch’ge. 100
98
125
102
Lynn, Mass., Gas.. 100
84*2 85
-.
Spring Mount. Coal.50
City Nat
100
Maid. & Melrose.. .100 x80
25
86
84
"60" People’s
19*2 20
83
Connecticut River. .50
Westmoreland Coal.50 §59
Second National ..100 120
Newton & Wat’n ..100 xll7 118
30
61
35
140
Far. & Meek. Nat. 100 107
Wilkesb. Coal & I.. 100
Third National....100
109
94
Balem, Mass.,'Gas.100
96
99
100
First Nat
Union
4.~
100
75
90
59
88
61
Brooklyn, L. 1
25 145
155
Hartford
Nat
Western
100 149
20
153
28
30
Citizens’, Brooklyn.20
70
78
Mercantile
Nat.... 100 114
116
Metropolitan, B’klyn.
55
65
National Exchange. 50
BOSTON MINING
Boston.
61
63
Nassau, Brooklyn ..25
70
80
Phoenix Nat
Atlantic
100 148
100 122
150
People’s, Broo
125
20
30
STOCKS.
State
Atlas
.'.
100 109
..100 106
112
107
Wimamsb’g, B
80
85
Blackstone
100
87*2
88
Charlest’n,S.C.,Gas.25
23
Louisville.
Allouez
50
2
4
Blue Hill
100
94
95
Chicago G.& Coke. 100
Bank of Kentucky
Calumet & Hecla...25 xl79 180
115
117
Boston Nat
..100
Cincinnati G. & Coke
93
95
Bank of Louisville
Central
61
60
25
25
30
Boylston
...100 107
Hartford, Ct., G. L..25
108
Citizens’
National
80
81
Copper Falls
50
%
1*8 Broadway....
100
82
Jersey C.& Hobok’n 20 150 160
85
Dana
City Nat
100
25
100*4
10c. Bunker Hill
100
155
157
100
110
People’s, Jersey C
Commercial of Ky.. s.
Dawson Silver
10
20
10c,
15c. Central
100
Louisville G. L....
80
81
116
Falls City Tobacco,...
118
Duncan Silver
84
*83*
20
5
5*4
Mobile Gas & Coke....
City
100
106% 107
75
Farmers’ of Ky
Franklin
91
90
25
7
8
Columbian
Central of N. Y
.TOO 126*2 128
50
80
Farmers’ & Drovers’..
87*2 Humboldt
87
89
25
20c,
30c.
Commerce.,
100
83 ' 83*2 First Nat
Harlem, N. Y
50
70
78
International Silver20
100
65c. 70c. Commonwealth.. .100
90
91
Manhattan, N. Y... 50 185 190
German
Ins.
Co.’s
Madison
99**
25
50c. Continental...
100
85
86
Metropolitan, N.Y.100 130 135
German
Mesnard
101
25
25c.
50c. Eagle
100
103
Municipal
100
95
103*2 German National
98
Minnesota
104
25
50c. 100c. Eleventh Ward.... 100
Mutual of N. Y
100
72
76
National
Kentucky Nat
105
106
45
25c.
50c.
Eliot....
New York, N.Y
100
104% 105
100
90
95
Louisville Ins. & B. Co
Osceola
153
25
10
12
N. Orleans G. L. ..100
Exchange
100 130
Masonic..
x99% 100*2 Petherick
80
85
25
5c. Everett
W. Liberties, Phila..25 §*....
100
90
91
Merchants’ National..
Pewabio
90
91
25
3
Faneuil Hall
100
125
127
Washington, Phila.... 5*34
Northern
of Ky
Phenix
109
107
50
First National
100 171
173
Portland, Me., G. L.50
75
76
People’s
15
uincy
25
16
First Ward
16*2
8t. Louis G. L
100
83
85
50
Second Nat..
40
50
83
86
idge
25
138
1%
Fourth
National..
100
80
81
Laclede, St. Louis. 100
90
Security
Rockland
127
130
25
25c. Freemans’
100
96
Carondelet
98
50
Third National
Star
85
25
25c. Globe
Ban Francisco GL
100
92
94
90
Western
92 *2 Superior
100
25
5c. Hamilton
100 101
103
West’n Financ’l C’p’n.
88
90
1510

1520

70

71
675
114

.

'

—

.....

...

.-..

”

•

•

•

•

..

•

*

.

*

.

-

'*

Price nominal; no late transactions,




t The purchaser also
pays accrued int.

J In London.

§ Quotation per share.

THE CHRONICLE.

July 27, 1878. j

GENERAL
For
Bank Stocks.

Mobile.
10
115

0
0
0
3

QUOTATIONS OF STOCKS AND BONDS—Concluded.

Explanations See Notes at Head

Ask.

Bid.

120
72% 75
18
20

Bank Stocks.

Bid.

Ask.

Commercial Nat.... 50
Commonwealth Nat 50
Consolidation Nat.. 30

*45

55

Corn

Exchange Nat.50
Eighth Nat
First Nat

100

Farmers’&Mech.N.lOO
Girard National... .40

Montreal.

Kensington Nat

105
111
72%
121

.

1
3
3
3
3
3
3
3
3
3
)
)
)
)
>
)
)

72

50

Manufacturers’ Nat.25
Mechanics’ Nat... .100
Nat. B’k Commerce.50

i’i i%
74

*74**

ioo”

43

45

91
92

91%

105
128
85
115

81%

*

165
•

'

110

120

.100

*

82*4
*50

77 *2 78*2
134
136*2
60

55

Cincinnati
Citizens’
Commercial..

(

x91*2

*

69
x95
x82
11

79
A

*

QJK

J

12

1

j

}
Nat.

.75

52
150
140
134
104
133

54
151
141
135
105

Nat... 100

60

i
£

74

80

City.

305

T

J

j
l

J1500
+200

fl

118
75

Continental

119

Greenwich

195

Grocers’
Hanover

..100

75
40
6
65
100
73
60

,

Old.
Nat

|

.

\

225
116
82 s4

25
40
100

203

1

First National
100
Fourth National. 100
Fulton..
30
Fifth Avenue
100
Gallatin National ..50
German American. .75

325
95

-.

.100

I

Corn Exchange ...100 J120
East River
25
++90
98
149

100

Long Isl’d

OK

(B’klynj! 50

Lorillard......
25
Manuf. & Builders’100

120

Mech. * Traders’...25

*9*6

Mechanics’ (B’klyn)50
Mercantile
50
Merchants’
...50

.35

.100
.100
.100
.100
.100
..40

213
35
101
215
125
100
195
55

215
40
103
220
130
102
200
60

90
143
105
85
150
80
130
100
160
160
80
134

150
107
95

90*
110*
93

110

120

103
55

110
65
195

175
110
110
220
105
175
115

115
118
240
115
195

13*6**

115
50

80
85

70
90
150
115

”97"
80
128
108
95

■l
18*2
x73

.100

19
75

«
<

150

^

70

,

16%

"i

135

100
190

41*2

45%
3%
22*4

140'

120
125

8*4

200

Philadelphia. §

'lOO

Manhattan
50
Manuf. & Merch’ts.20
Marine
100
Market
100

130
75
60
210
40
80
45
7

I
I
]

x45

50

I

Planters’ & Merch.Mut x55
Stonewall
x70
Wash’ton Fire & M ..50 x30

60
75
35

Mobile Fire T)ep’t 25
Mobile Mutual.... ..70

68
102
75
62

82

]j

85

89

...

90

New Orleans T11

£

Mechanics’

25
Mechanics’ B. Ass’n50
Mechanics’ & Tr.. .25
Mercantile
100
Merchants’
50

Merchants’ Exch’ge50

II

*
STOCKS.

1*26*2

+

100
Nassau
100 ”80
New York
100 100
N. Y. Nat. Exch’geiOO
New York County. 100
Ninth National.... 100 175
North America
70 175
North River
50
Oriental
.25
Pacific
50 1132
Park
.100

*

ok

OD

25
20
100

,

5%.

£u

26
39
6

p
E
IV
IV
IS

Second National.. 100
Seventh Ward
.100
Shoe & Leather... .100
St. Nicholas
100
State of N. Y.(new)100
Tenth National.... 100
40
50

+

80*

E
E
C
r
E

85*2

io'e”
+
+

104
,

140

Philadelphia. §
B’k of N. America 100
Central National.. 100
.

50

no

95
133
xll6
115

230
165

241
172

87

90

f

100
112

100

Brooklyn

40
7

Columbia
Commerce Fire
Commercial
Continental

55

135*2
65
152

65
125
109

is
IS
a
F

125*2 126

Germania
Globe
Greenwich

70

125*2
110
80*2
130*4
80*4
125
125

§ Quotation per share.

.50

100
..40
100
100
..30
..50
Farragut
Firemen’s
..17
Firemen’s Fund.. ..10
Firemen’s Trust.. ..10
Franklin
100
German-American 100

115

'

.

Guardian
Hamilton
Hanover
Hoffman

Home

t Assessment

50

50
..25
100
100
..15
..50
50
100
.

Guaranty
..

-

Francisco.

paid.

lL

112

115
75

105
110
112

HO
112

101

102

115

-

100

100

.

Eagle
Empire City
Emporium
Exchange

100
134
120
120
101

F
IV
IV
IV
r

late transactions.

105
60

170
120
120

City

13

64
151

80
122
122

95

17
20
.70
100
.30

j Citizens’

5

135

80
130

J

190

[Clinton

^A

95

140

7
! Brewers’*MTst’rs.lOO
.25
26*2 i Broadway

x4%
10

13*6

75
80
25

75
15

81*2

^

190

Boston.

135
122

*90 ‘

1*04*2 I

65

95

.

25

j

55

100
20
50

..

iBowerv

....

,

100

[Atlantic..

116*2

Metropolitan

..25

iEtna

Arctic

Baltimore.
80
120

24
100

r

C

Amity

\75
4-

x78
29

American
..50
American Exch... 100

95

‘

27*2

J

xl03

Adriatic

37*3
98

San

50
t

.25

A

x26*4

New York.

145

100*2

85
102

St. Louis.

39
79

People’s
Teutonia
Union

79
79

*23*2

Co

Sun Mutual

ii*5*

p

.100

\>

44

Merchants’ Mutual
Mechanics’ & Traders’
New Orleans Ins. Ass’n

165

\

22*2

Lafayette

29

140

r

x50
42

22*4

34

27 78

®
t

92*2 04.
103*4 104*2

Hone

A

...100 *400
*32

C
c

Crescent Mutual..
Factors’ and Traders’.
Firemen’s
Germania
Hibernia
Home

150
240
460

23Q

Richmond.

New Orleans.

205
120

t

I
j

60
75

Leather Manufts.,100




115
79
85
95
120
115

Citizens’ Mutual.. .100 X57
Factors’* Trad’s’ Mut. x70

310

San Francisco.

I

S5

70

Importers’ & Tr...l00 193
Irving
50 t

Price nominal;

80

135

Mobile.

St. Louis.

100

75
91

City National

135

75

London Ass. Corn ..25
68
Liv. & Lond. & Globe 2
1638
North’n Fire&Life 100 x40*2
North Brit. & Mei ..50
45*4
3%
Queen Fire & Life ..10
21%
Royal Insurance.. ..20

80
80

C

Tradesmen’s..

40

Ij'llHY

London.

20
110

136

+

Union

30

Lamar

45

..

I

102*2 103%

Republic

80

Ask.

70
110
107
90
140
175

*141

l

Phenix

100

Jefferson.

134

New York.

People’s

43
loO

.100 xl45
Imperial Fire
8
Lancashire F. & L ..20

(
1

137*2 I
......

105

S

Richmond) Va,

Bid.

25
50
& Trad. .50

Irving

150

125

..

Guardian

88 '

xl36
x82
12

Importers’

100

Western

.

Commerc’l Union £50

8

43

127

100
125
120
87% 90
121
117
130
125
115
110
50
60
88
90

..

Hartford
National
Orient
Phoenix
Steam Boiler

100*2

42

Howard

Hartford, Conn.

x77*2
>

Hope

.100

94
l/T

x

125
95
145

...25
...20
25
.100
Eagle
20
Enterprise
Eureka
...20
Fidelity
...20
Firemen’s
...20
Germania
...20
Globe
...20
Merchants’* Manuf 2C
Miami Valley.... ...50
National
.100
Union
...20
.20
Washington

iEtna Fire
.100
Atlas Insurance.. .100

New Orleans.

)
> X

70
61

60

Knickerbocker

Amazon(new stock) 2C

Connecticut

)
)
)

65

Insurance Stocks.

Lafayette (B’klyn) .50

..

Portland^ Me.

Louisiana Nat..
Mechanics’ & Tr

^

98

94

Ask.

Kings Co. (B’klyn) .20

■

160

Bid.

Cincinnati •

100

162% 163*4

)
)
)

165
121
60
55
253
100

■

People’s

..10()
..IOC>
..10()
Suffolk Mutual... .10()
..IOC
Washington

.

157
120
58
*53
25
91

Page of Quotations.

Revere
Shawmut

57

78

102*2

Standard.

51

of First

Insurance Stocks.

.

*90
*120
*80

"

105

102
75
104
98

98 =?

......

15*5
108

125
105
45

100
45
115
140
110
......

40
200
200

MARINE
'

1*3*6

New York.

130
60

A

1875

1*3*6
......

210
120
75
125110
60
110
55

15*6
125

255

40
70

140

-

110

115
Last

1876.
1877.

99*2 ioo*a
98

99

1878.

97

98*2

92
70

95
75

C omme
1871.
1878.
IS
1864.
1876..
0
1861..
1875..
P'aciflc 1
1868..
1876
E rnion R3
1864..
1876.

85
65
80
50

80
50

.

127
100

INS.

SCRIP &C.

R
S

87*2

92*3

50
50

60
55

price this month preceding 25th

-94

THE

C HRONICLE1

Investments
AND

STATE, CITY AND CORPORATION FINANCES.

only

sufficient number is printed to supply regular
Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that shape.
as

a

subscribers. One number of the

ANNUAL

REPORTS.

Raleigh & Gaston.
The following statements are from the
report for the
ing May 31. The earnings were as follows:

Expenses

year

end¬

1877-78.

1876-77.

$24*2,4:8

$231,510
148,761

135,292

Net

earnings.,
$107,185
$85,749
The President states that the condition of the road and
equip¬
ment is good.
From a financial point of view the exhibit of the
business for the past year is
gratifying, considering that it has
l)een a period of great depression. He stated that

during the

present year two new engines must be purchased, while addi¬
tions to tho car equipment must be made.
The purchase ol 500

tons of steel rail is also
necessary.
The stockholders voted to change

the time of the annual
ing to the first Wednesday in October of each year.

GENERAL INVESTMENT

meet¬

NEWS.

Alabama State Gold Bonds of 1870.—The
English com¬
mittee of holders of these bonds present their
report, showing the
result of their labors for the past year.
They state that there
have been deposited with them 1,283 out of a total of
2,000
originally issued. A number of other holders have given their
adhesion to the trust, and with respect to others who were
unable to pay the contribution of £2
per bond, arrangements
have been made for accepting the bonds on
payment of the small
amounts required to defray the costs of
transmitting them to
Alabama. 'The bonds lodged with the trustees have been
forwarded to the Governor, in accordance with the
provisions of

the Act of

Legislatuie of that State, passed in February, 1876.

Canada Southern—Great Western of Canada.—Mr. Thomas
decision, as arbitrator, on the question of
a division of
tonnage between these roads. A written copy of the
decision, with his reasons, has been furnished both parties. It is
placed in such form that both parties can sign it as an agreement.
A. Scott has rendered his

He decides that on the through
passenger business going east
and west between Buffalo, {Suspension
Bridge and Detroit,
the Great Western shall have 60
per cent and the Canada
Southern 40 per cent, and that the
through freight shall be
divided in the proportion of 55 per cent to the Great Western to
45 per cent to the Canada Southern.
This includes both freight
and passengers received from the Erie and New Y^rk Central

roads,

“

“

(For the year ending May 21, 1878.)

Gross earnings

day of July, 1878, and thenceforth, from time to time, to and
including the 30th day of September, 1878, as the same may be
properly demanded of them, the following interest due upon
bonds of the Virginia Central Railroad
Company :
All the interest past due,
including the instalment which fell
due 1st July, 1878, upon $100,000 bonds
secured by the first
mortgage of the said railroad company (of the Board of Public
Works of Virginia).
II. All the interest past due,
including the instalment which
fell due 1st of July, 1878,
upon $16,000 of registered bonds
secured by the mortgage of said
railroad company to Lyons, Fry
and MacFarland, trustees, dated 2d
June, 1854.
“III. All of the interest coupons past due
upon the residue of
the bonds ($902,000) secured
by said last-named^mortgage to and
including the coupons which fell due 1st January, 1876, with
interest on said coupons from the time of their
maturity, respect¬
ively, to 1st Julyr 1878.
he Chesapeake & Ohio
Riilway Company will also issue, on
application, on and after.the said 22d July, 1878, at its office in
Richmond, Va., to the parties entitled to receive the same, its
obligations, dated July 1, 1873, and payable in one, two or three
years after date, respectively, with interest at the rate of 6
per
cent per annum,
payable semi-annually on the first days of
January and July, in settlement of the balance of interest past
due on bond?, and other indebtedness of the
Virginia Central
Railroad Company, up to and
including that which fell due July
1, 1878, not included in the cash distribution
provided for as
above, and in respect of which, by the terms of sale of the
property of the late Chesapeake & Ohio Railroad Company, the
purchasers were allowed a credit of one, two, and three years in
equal annual instalments, and were required to issue such obli¬
gations therefor.
“The payment of the above-described
obligations is secured by
the lien of the trust deed executed
by the Chesapeake & Ohio
Railway Company, by order of the Court, to Joseph Bryan and
H. T. Wickham, trustees, for the
purpose of securing the pay¬
ment of that part of the
purchase-money for which credit was
given, as provided in the several judgments and decrees under
“

The Investors’ Supplement is published on the last
Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the

office,

[Vol. XXVII.

•

which the said property was

sold.

“Parties presenting their coupons or claims for interest for
participation in the cash distribution are requesved to present at
the same time all additional coupons or claims for interest held
by them, and receive the obligations to which they are entitled in
settlement of that part of the interest due them not embraced in
the cash cayment; and all other holders of bonds of the
Virginia
Central Railroad Company are
requested to make early presenta¬
tion of their interest.claims for
adjustment.’’
—A

committee, appointed by the managers of the Newark

Savings Bank, to investigate the value of a large amount of
Chesapeake & Ohio bonds, held by that institution, have returned
from Virginia and submitted their

reports. The committee say
they found the road in a very much better condition than they
anticipated. It was expensive to construct, but is well built and
remarkably well equipped. The line for two-thirds of its route,
that

has been laid with steel rails.
At Richmond the company own
extensive warehouses for the reception of

The

freight and coal.

passenger traffic of the road is much larger than the committee
had supposed, and the resources for
freight traffic are all that can
be desired.

Cincinnati Southern*—The only bids considered

those

were

of R. G. Huston &

Co., as being the lowest; and th'e .question in
regard to these is whether the bid on plan No. 2 or ttiat on plan
No. 3 shall be

accepted:

in coming east from Detroit passing over either of the Plan No. 2
‘
$1,671,998
Canada roads.
The Canada Southern, after crossing the Detroit Plan No. 3.
1,560,902
River, lias a line on the Michigan side to Toledo, Ohio, where it.
To these sums, under Eogineer Bouecaren's
connects with the Toledo & Wabash for the St. Louis
report, 5 per cent
and South¬ must be added for
contingencies, $30,000 for engineering expenses,
west trade.
Under the decsion of Mr. Scott the
freight and pas¬ and $15,000 for office expenses of the trustees. These additions
sengers from that source are not to be divided, and the Canada would swell the
sums as follows :
*
Southern
or

is to have all it can secure from this source.
Mr. Fink,
who is the general agent of the trunk lines, is to make
division,
under special pooling arrangements
which have heretofore

existed.

.

Plan No. 2
Plan No. 3....,

According to the World report, Mr. Vanderbilt

and his asso¬
profess to be dissatisfied witli the decision, and assert that
they were entitled to one-half on both the freight and passenger
business; but circumstances lead to the belief that this professed
dissatisfaction is more pretended than real. Both

parties, in

agreeing to the reference to Mr. Scott, stipulated to abide by his
decision. It is binding upon both roads, and must remain in force
six months without possible
change by either party. After the
six months either road can withdraw or abandon it
upon giving
the other road
three months’ notice.

for nine months.

This

secures

its enforcement

1,684.947
%

Difference

V

ciates

$1,800,598

,

,

■

The trustees (on July 25) awarded the contract for
completing
the road from Somerset to Boyce’s Station to R. G. Huston &
for

Co.,

$1,672,000.

The contract provides for the erection of thirtyfour iron bridges and trestles and twelve wooden
bridges, the
road to be built by August 20,1879, or $1,000 a
day to he forfeited
thereafter until the road is
complete!. This course of the trus¬
tees necessitates an election
by the citizens of Cincinnati within
ti e n^xt ten days, to vote
yea or nay upon a proposition to issue
$2,000,000 more bonds to complete the road.
QUARTERLY REPORT OP THE COMMON CARRIER COMPANY.
The Common Carrier Company, operating the
railroad, make a

Chicago & Alton*—Rapid progress is reported on the new report for the quarter ending June 30, which contains the
the-Chicago & Alton to Kansas city. The grading is lowing:

extension of

nearly completed from Mexico, Mo., westward 84 miles to
Marshall, and the rails are laid for 27 miles southwestward from
Mexico. Work is progressing well on the
bridge over the Mis¬
souri at Glasgow.
West of Marshall the contractors are busy on
the grading, and the company
hopeB to run trains to Kansas city
in October.

Chesapeake & Ohio.—A

has the

circular issued by the

new

company

following:
“By virtue of a decree of the Circuit Court of the city of Rich¬
mond, entered on the 9th day of July, 1878, in the suit of Duncan
and Calhoun, trustees,
against the Chesapeake & Ohio Railroad
Company and others, the Chesapeake & Ohio Railroad Company
will pay at its office in Richmond,
Virginia, on and after the 22d




■■■

$115,650

;

fol¬

EARNINGS AND EXPANSES.

Passengers
Freight

$36,133
59,812
4,350

Mail

Express...
Tel < graph.

1,622

,

517

.'.

Miscellaueous

511

Total earnings
Less operating expenses
Net earnings
.Loss interest on capital
payment

$102,952
41,066
...;.

paid in at 10

per cent per annum

from date of

Total
Less 10 per cent of balance for operation of road as per contract
Balance due Trustees C. 8. RR

$61,885
6,543

.

$55^41

5,584

$49,807

r

July 27,

THE CHRONICLE.

1878-1

regular monthly meeting increase, it is apparent that there must be some scheme of re-orproduction was held this week in ganizition. The plan prepared by the committee, the circular
Philadelphia, all the several interests being represented. The claims, is one that fairly represents all the present interests, and
will secure the^e^results. Every dollar in the old organization
meeting was harmonious, and quotas were assigned as follows :
will be represented in the new.
Tons.
The proposed plan is to camel the old mortgages and execute
Philadelphia & Reading Railroad
572,500
."
.895.000 two new mortgages. One of these will be a first mortgage, cover¬
Lehigh Valley Railroad
Cec tral of New Jersey
258,000
Delaware Lackawanna & Western
255,000 ing all the railway, rail way franchise and equipment, amounting
Pennsylvania Railroad
/.
152,500 to $5,192,500. It will secure bonds $10,000 per mile, running 30
Pennsylvania Coal Company
117,300 years, and bearing 7 per cent interest, payable semi-annually,
;
.....249,700 the-first
Delaware & Hudson Canal
coupon to be paid May 1, 1879.
It is proposed to ex¬
The amount of tonnage for the month of August was fixed at change th-se bon is for the old first mortgage bonds and certifi¬
2,000,000 tons, against 1,500,000 for the current month of July. cates, giving fifty cents in new bonds for every dollar in old
Preferred debt and prior liens, amounting
An advance in the prices of coal was discussed, but nothing defi¬ bonds and certificates.
nite was arrived at.
Tbe tonnage fixed for the month was the to $800,000, will require an appropriation of 900 of the new
bonds.
The circular says that this amount will probably more
largest of any month of the year.
Coal Allotments for August.—The

of the Board of Control of coal

r'

..

willing now to take the
cent of their face value, or, as may be pre¬
ferred, will hold them as collateral, and give the company the
benefit of tbe difference between 90 per cent and par, as soon as
than

(Md.)—A bill has been filed in the U. S.
Circuit Court by the Harlan & Hollingsworth Co., of Wilmington,
Del., for tbe foreclosure of the first mortgage on the Eastern
Shoie Railroad, and asking for the appointment, of a receiver.
The complainants own $103,000, out of $187,250, of the bonds.
The case was set down for September 4th at Baltimore.
Eastern Shore

Trunk of Canada.—The New York Tribune says
Railroad men do not appear to be able to explain the cable
Grand

“

dispatch of Monday, that Mr. Hickson, of the Grand Trunk
Railway, and Mr. Garrett, of the Baltimore & Ohio Railroad,
were negotiating in London to give the Grand Trunk a Chicago

over Mr. Garrett’s line, in order to counteract Vander¬
bilt’s recent acquisition.
President Jewett, of the New York
Lake Erie & Western Railway, expressed the belief yesterday
that there was nothing in the rumor, and he said it could not

connection

possibly affect the Erie Road, which still retained Us Western
connections, as heretofore, by the Atlantic & Great Western
Road, and at Buffalo by other lines. Should a combinatiogu be

formed between the Baltimore & Ohio and Grand Trunk Railroad

-Companies, three routes have been suggested. The first supposes
4ihe purchase of the Fort Wayne Jackson & Saginaw Railroad,
or the making of running arrangements over it from Bankers to
Auburn, which would give a mileage as follows : Detroit to
Ypsilanti (to build), 27 miles ; Ypsilanti to Bankers, 64 miles;
Bankers to Auburn, 47 miles; Auburn to Chicago, by the Baltimore & Ohio, 140 miles; total, 284 miles.
This is the precise
distance over the Michigan Central between Detroit and Chicago.
“ The second route suggested requires more track building, but
shortens the distance 20 miles,' and is from Detroit to Bankers (27
miles to build), 91 miles ; Bankers to Fremont, 19 miles ; Fremont
to Milford (to build) 48 miles; Milford to Chicago, 106 miles;
.

total, 264 miles.
“
T he third route suggested requires over 90 miles of new road,
but it is reported to have less grades and more straight lines than
either of the other proposed routes.
! he mileage would be as
follows: Detroit to Bankers (27 miles to build), 91 miles; Bankers
to Milford (to be built), 65 miles ; Milford to Chicago, 106 miles ;

This route is claimed to be 22 miles shorter
and it is estimated that it could be
900,000 for the entire distance,—fur¬
nishing a road that would intersect all the leading lines in

total, 262 miles.

than the Michigan Central,
built for $10,000 a mile, or

Michigan and Indiana.

Whatever

may

be the object of Mr.

Hickson’s visit to London, with Mr. Garrett, railroad men agree
that the Grand Trunk, by an outlay of a comparatively small

easily overcome all obstacles, in its attempt to reach
Chicago, placed in its way by the recent New York Central acqui¬

sum, can

sitions.”

Hoboken City Debt.—The Hoboken Common Council

have
holders of the uptown
improvement certificates
to accept, city bonds for
80 per cent of the amount of the certificates, with 6 per cent
interest.
The certificates, representing in the aggregate about
$500,000, have occasioned much litigation. The Court recently
decided that the city should pay about 80 per cent of them.
concluded to offer to

many of the
as are. willing

as

International & Great Northern

(Texas).— Several meetings

of the committee representing the bondholders of the Inter¬
national & Great Northern Railroad, of Texas, have recently been
held to prepare a plan for the re-organization of the company.
On November 1, 1878, tbe condition of the company will be as

follows

:
FIRST MORTGAGE LIABILITIES.

Bonds of the International Company
Bonds of the Houston & Great Northern Company

$3,264,000

Coupon certificates
Other coupons to November 1, 1873
Adjustment of interest on Houston & Great Northern certificates...
Bills payable-(secured)
$440,0 0
Payments ordered by the Court
80,COJ
Judgments secured on appeal
100,030

Required for additional rolling-stock, repairs and general
betterments

4,084,000
1,028,720

1,00c,1 i3
10,005

180,000

800,000
Total

$10,186,839
SECOND MORTGAGE LIABILITIES.

,,

Bonds.

<€oupon certificates
Other coupons to November 1,1878

$4,959,000
1 586,880

new

cover

the debt, a3 the creditors are

bonds at 90 per

this difference can be realized.
To provide for the balance (50 per cent) of the first mortgage
bbnds not represented in the issue of the new first mortgage

bond/, and also for tbe present second mortgage bonds, it is

proposed to execute a new second mortgage. This will cover
the railway and equipment, and also the lands of the company,
which amount to some 5,000,000 of acres, mostly free of taxes.
The amount of this second mortgage will be $9,000,000. As the
laws of Texas require the lands to be alienated by the railway
company at the expiration of a few years, the mortgage will
contain a clause empowering the trustee to sell the lands free
from the mortgage encumbrance, and to distribute the proceeds
of the sale among the bondholders. The mortgage will secure
bonds less than $18,000 to the mile, and bearing interest up to 7
per cent, if interest can be declared upon the earnings of the road,
as are dividends upon stocks.
These new bonds will be given to
the holders of the old first mortgage bonds and certificates at par,
to compensate for the 50 per cent thereof not represented in the
new first mortgage bonds; and also to the holders of the old
second mortgage bonds, certificates and coupons—50 cents of the
new security in exchange for 100 cents of the old.
The remain¬
ing 50 per cent of the present second mortgage bonds will be
represented by new stock, matting the capital stock of the
company, after the increase, $7,210,800.
The circular states that there are now two first mortgages on
the property of the company—one on the International road and
one on the Houston & Great Western.
These, it is proposed, will
be removed and canceled, either by agreement or foreclosure,
and a first mortgage placed on the consolidated road.
Tbe second mortgage Is now in process of foreclosure, and ita
lien will be removed by judicial sale, unless the same result can
be obtained by negotiation, and a new second mortgage, covering
the railway and lands, put on the road. The stock of the present
company will be represented at its face in the stock of the new
company.
The bondholders are requested to deposit their securities with
the Farmers’ Loan & Trust Company of this city, and to sign a
power of attorney, to authorize Moses Taylor, William Walter
Phelps, John S. Kennedy, Samuel Thorne and John Sealy to carry
into effect the

otherwise,

proposed plan of re-organization by
be deemed expedient.

foreclosure

or

as may

Kansas Pacific Securities—Their Position on the Stock
Exchange List.—The committee on stock list of the Stock
Exchange heard arguments from Messrs. Meyers and Woerishoeffer, representing the committee of nine first mortgage
bondholders who desired that the receipts of the United States
Trust Company, showing that the Denver bonds to be employed
in the purchase and reconstruction of the Kansas Pacific road,
should be substituted on the Exchange list for the actual bonds
on deposit.
This was opposed by Jay Gould and Russell Sage,
representing the “ pool,” who insisted that such a step would be
improper and against precedent, unless a majority of the bonds
was actually on~ deposit; and, as a substitute, they submitted a
proposition that the mortgage bonds and stock of the Kansas
Pacific road be placed on the active instead of the free list, as at
present—a Denver Extension mortgage bond of $1,000 accom¬
panied by certificate C for $87 50 to be a good delivery, the other
two certificates known as A and Aa, for $35 each, to be dealt in
separately. Mr. Gould objected to the course pursued by the
committee of nine, and he charged that tbe members of the
committee had made representations to him which they had
afterward repudiated, and that they had also issued a circular
containing falsr statements reflecting upon the pool and himself.
Mr. Meyers replied that the theory of the pool was based on
its paying $250,000 for interest to be distributed among the
bondholders as they surrendered their bonds, and that if this
interest was not paid the bonds were not to be delivered.
The committee finally declined to permit the certificate of
receipt issued by the United States Trust Company to be called
instead of bonds, unless it should be clearly shown that a
majority of the bonds was on deposit; and it was decided to place
the Kansas Pacific bonds and stock on the regular call.

Montclair & Greenwood Lake.—Pending the settlement of

297,510

bondholders, the committee
representing the first mortgage bondholders asks for authority to
The bondholders’ committee have agreed upon a plan of re-or¬
buy in the road at foreclosure sale. Bondholders are therefore
ganization and have issued a circular. The circular says that the requested to deposit their bonds with M. K. Jesup, Paton & Co.,
in New York, and to pay an assessment of 5 per cent for the pur¬
company is now pledged to pay the interest on $17,000,000, and
as the average net earniDgs of the road have been $470,000 for
pose of furnishing the money to pay the Receiver’s debts and
cash of the last five years, with no certainty of any immediate costs of foreclosure, which must be paid in cash.
$6,843,420

Capital stock




$5,500,000

difficulties with the second mortgage

.

96

THE

CHRONICLE.

Pacific Railroad Land Grants.—Secretary Sehurz, of the
Interior Department, has rendered a decision which will be of
much importance if ultimately sustained. He decides that with¬

further legislation by Congress, the lands granted under
are open for
purchase under the
homestead pre-emption laws, after three years from the
comple¬
tion of each road on which they were located, at the
regular
price of $1 25 per acre. It is to be observed that the law (section
3; does not read that all lands not sold by the companies within
three years &c., but that all lands “which shall not be sold or
disposed of by said company within three years after the entire
road shall have been completed” &c.
This expression “disposed
of” is altogether ignored by
Secretary Schuiz, although it is a
distinct expression indicating that it was expected the companies
might make some other disposition of their lands than to sell
them outright—and this they did in fact when
they mortgaged
them and sold the bonds. A mortgage is in law a
conveyance—
a conditional sale—and whether or not
Mr. Schurz’s opinion may
be right as to the
possibility of the lands being subject to
pre-emption without further legislation, we think he is most
clearly wrong in holding that the lands can be sold free from the
lien of the land-grant mortgages. When he
says that the compa¬
nies could only mortgage the interest which
they possessed, this is
freely granted ; but the question arises, what was that interest,
and was it not an absolute title to the lands,
saving and excepting
that a right was reserved for the Government to sell them at
fl 25 per acre, if they had not been sold or mortgaged at the end
of three years from thet ime when the road
wasfully completed ?
out any

the Pacific railroad act of 1802

TEXT OF THE DECISION.

Department
'

op

the

Interior, )

Washington, -July 23, 1S78.

)

Sir: I have considered the appeal of Nelson
Dudymott, by his
attorney, Mr. Mullins, from ,your decision of October 12, 1877,
approving the action of the local officers in rejecting the applica¬
tion of said Dudymott to file a
declaratory statement upon the
north 2, northeast 4, lot No. 7, and southwest 4 of northeast
4 of
section 7, town 11, south
range 5 east, Salina Land District,
Kansas, for the reason that the land applied for is within the
limits of the grant to the Kansas Pacific Railroad
Company.
Mr. Dudymott claims the
right to pre-empt said tract of lacd
under the provisions of an act of
Congress approved September
4, 1841, and the last clause of the third section of an act of

|j reserved
emption

|Vol. XXVIT.

otherwise disposed of by the United
States, and to which a pre¬
homestead claim may not have attached
at the time the line of
said road Is definitely fixed. Provided that all
mineral iand? shall be except¬
ed from the operations of this act; but when the
same shall contain
timber,
the timber thereon is hereby granted to said
company. Aud all such lands so
granted by this section which shall not be sold or
disposed of by said com¬
pany within three years alter the entire road shall have been
completed shall
be subject to settlement and pre-emption like other
lands at a price not
exceeding $1 25 per acre, to be paid to said company. (12
Statutes, p. 489.)

By

or

or

an act

of Congress approved July 2, 1864, said grant

increased to ten sections per mile
the limits within which the’ same
miles on each side thereof. (13

was

each side of said road and.
were to be selected to
twenty

on

Statutes,

356, section

4.)
This road was completed within the time
limited in the grant
and the last section thereof
accepted by the President October 19,.
1872.
The proofs submitted do not show
p.

conclusively that Mr.
qualified pre-emptor, nor does it satisfactorily
appear that the tracts described in his declaratory statement havenot been sold by said
company.
He alleges that he is a qualified
pre-emptor, and has presented affidavits showing that said tractshad not been sold by said
company at the date he filed his
application therefor as a pre-emptor.
Considering him to be
qualified as a pre-emptor and the lands at that time to have been,
unsold by said company, the
question is presented whether under
the last clause of said third section his
application should have
been received, and if full
compliance with the pre-emption law,
including payment for the tracts, were shown, a patent therefor
should issue to him by the United States.
Nearly all of the
grants made by the United States to aid in the construction of
railroads and for other works of internal
improvement have
annexed to

Dudymott is

a

them conditions some of which are conditions
prece-dent and others conditions
subsequent.
Such conditions are
found in this grant. It cannot be denied that

right to make

Congress had the

grant to said company absolute and uncondi¬
tional, but in order to secure the objects for which the
grant was
made conditions were annexed.
The company had the
right to
accept or reject the grant with the conditions therein made, but
having accepted it, it is now estopped to deny their force and
effect. One of these conditions, and the one under
which the
applicant now claims the right to enter a portion of the land
granted to the company, is that all such lands so granted
by this
section which shall not be
disposed of by said company within
three years after the entire road shall have
been completed shall
be subject to settlement and
pre-emption like other land, at a
Congress approved July 1, 1862. The reasons assigned in your price not exceeding $1 25 per acre, to be
paid to such company.
decision for approving the "action of the local
officers are stated The object of including this condition in the
grant is apparent..
ns follows: “On
February 21, 1873, this office,in a letter to the Referring to the objects to be attained by this
provision, the
Register and Receiver at Cheyenne, Wy. T., in the matter of an Supreme Court, in the case of the
Railway
vs. Prescott
Company
application by Henry Gartanatti to enter certain lands under the (16 Wallace, p. 6,097), said: “It is
wisely provided that these
proviso in question, said: ‘In my letter to you of the 21st of lands shall not be used by the
company as a monopoly of indefiJune last * * * I stated that the third section
The policy of the Government lias been
of the act of nite duration.
for
July 1,1862, (12 Statutes, p. 492) provides that the lands
inuring years to encourage settlement on the public lands by the pioneers
to said company within the
granted limits, which shall remain of emigration, and to this end it has
many laws for their
undisposed of by said company at the expiration of three years benefit.. This policy not only favors passed
the actual settler, but it is
from the final completion of the road shall
to
the
interest
of
be sold by said
those who by purchase own
adjacent lands.that
company to settlers by pre-emption at $1 25 per acre.
I will all of it shall be open to settlement and cultivation. Looking to
now state in addition that the law
does not provide for the this policy and to the very large
quantity of lands granted by
enforcement of said proviso by this
office, and should this office this statute to a single corporation, Congress declared that if the
attempt to dispose of the lands in question all moneys so received, company did not sell these lands within a time
limited by the
in accordance with
existing laws, will have to be turned into the act they should then, without further action of the
company or
United States Treasury, and it would
require a special act of of Congress, be open to the actual settler under the same lawfr
Congress to withdraw the same and pay it to the railroad which govern the right of pre-emption of Government
lands, and
company. Nor are the usual fees allowed to the district land at the same price. Any one who has ever
lived in a community
officers in acting on pre-emption cases
provided for in the act. where large bodies of lands are withheld from use or occupation
In my opinion, therefore, said
proviso is a condition running orfromsale, except at exorbitant prices, will
recognize the value of
•with the grant and
entirely beyond the jurisdiction of this office. this provision. It is made for the public good
as well as for that of
I accordingly approve your action in
rejecting Mr. Gartanatti’s the actual settler. To permit these lands to pass unde* a title
application/ ” * * * You further state that “an
derived from the State for
taxes, would certainly defeat this
appeal
having been taken from the above decision, the Acting
intent of Congress. It makes no
Secretary
difference in the force of princi¬
of the Interior, Mr. Cowan,
on September 15,1873,
approved the ple that money paid by the settler goes to the company. The
rejection of the application for other reasons
appearing in the lands which the act of Congress declares shall be open to pre¬
case, but declined to pass upon the question raised
under the emption and sale are withdrawn from pre emption and sale
by

provisions of the third

section until it is presented in
a

case

■where its decision becomes
necessary. * * * For the reasons
stated in the decision of
my predecessor, herein quoted, and in
the absence of any decision
by the courts or the department to
the contrary, I decide that the matter of the
disposition of lands
in the condition of the tracts involved in
the application in hand
is not within the jurisdiction or control of this
office.” From this
decision Mr. Dudymott filed an
appeal, alleging among others
the following exceptions, viz.:

,First—Because section 3 of the act of
Congress of July 1, 1862,
which gave alternate sections of land on each
side of the road to
the Kansas Pacific Railroad
Company,
formerly
the Leavenworth
Pawnee & Western Railroad
Company, contained a provision that
any of these lands not sold by said
company within three years
after the final completion of the road
should be sold to actual
Bottlers under the pre-emption laws at
$1
25 per acre, the money
to be paid to the
company.
Second—Because said railroad was
accepted by the Government

complete in the latter part of the year 1872,
nearly five years
ago, and therefore the land above described,
being a part of the
said grant and still unsold
by said company, is now and should
have been for nearly two
years past open to pre-emption settle¬
as

ment.

The third section of the act
making a grant to aid in the con¬
struction of the road, of which the
Kansas Pacific Railroad is the
successor, reads as follows:

%

Section 3. And be it
further enacted, That there be and is
to the said company for the
hereby granted
purpose of
in the construction of said
railroad and telegraph lines, and to secure aiding
the safe and
of the mails,
transportation
troops and munitions of war and public speedy
stores
alternate section of
every
public lands designated by odd numbers thereon,
to the amount
of five alternate sections per mile on each side of said
or the line
thereof, and within the limits of ten miles on each side of railroad,
said road, not
sold,




tax title and

a

a

possession under it, and it is no answer to say that
the company which might have
paid the taxes gets the price paid
by the settler.” In a subsequent decision (Railway Company vs>
McShane, 22 Wallace, p. 461) the Supreme Court, while
holding
that the grounds above set forth were
untenable and not suffi¬
cient reasons of which to
deny the right of the State to tax the
lands if the company had in other
respects fully complied with
the law (and in that
respect overruling its decision in the caseabove cited), said: “The road was
completed and ' accepted
by the President, in May, 1869, and these lands have been
subject to'such pre-emption since three years from that
date, if
this right can be exercised by the settler without
further legisla¬
tion by Congress or action
by the Interior Department. We do
not now propose to decide whether
any such legislation or other
action is necessary, or whether
any one having the proper quali¬
fication has the right to settle on these lands
and, tendering to the
company the $1 25 per acre, enforce his demand for a title. It isnot known that
any such attempt has been made or ever will be>
or that
Congress or the department has taken or intends to take
any steps to invite or to aid the exercise of this
right. It would
seem that if it exists it would not
be defeated by the issue of the
patent to the company, and it may therefore remain the unde¬
fined and uncertain
right vested in no particular person or persons
which it now is for an indefinite
period of time.” While it is
true that neither of said decisions
clearly and distinctly defines
the right of the Government in the
disposal of said land, still
they clearly indicate the opinion of the Court that such a
right
exists, and whether it be considered that the estate
granted
is a
conditional estate or an estate with a
conditional
limitation,
in
either case I am of the
opinion that it must be held that the con¬
dition runs with the
grant and is in effect a reservation of a
power of Bale in the Government of the lands
granted to the-

July 27.

•

THE CHRONICLE.

1878.1

^company which remained unsold by it at the expiration of three
years after the entire road was completed under the provisions of
the pre-emption law. It is manifest, I think, that Congress did
not Intend to grant t> said company so large a
quantity of land to
be held and sold by it at speculation prices, but
desiring to give
it aid and assistance in its undertaking, at the same time
provided
that the aotual settler who was willing to pay the
price stipulated
should have the right to settle and make a home on any of the
lands so granted, and in order to secure this
right to the settler,
and at the same time secure to the
company, an adequate
consideration for lands, reserved the right of sale thereof after
the road had been completed for three years. This view is not
inconsistent with the object to be attained in making the
grant;
that object was to aid a corporation in the construction of a work
-of national importance, which contemplated an
expenditure of
money beyond the resources of private individuals, and
that aid should be given in lands which

whether
might be sold by the
company to reimburse it for expenditure made, or whether the
‘Government should sell the land at a stipulated
price and pay
the proceeds arising therefrom to said
company, were considered
immaterial both by the Government and the
company that
accepted the grant with the condition. The fact that said
company so understood this grant is made evident by a circular
issued by its Land Commissioner dated
May 12, 1873, inviting
purchase of its lands, in which he says i “ The road was accepted
by the Government as complete about six months ago. In three
years from that time the unsold lands will be subject, we
suppose, to the pre emption laws, but we hope and expect to

have all our lands sold before that time arrives. All railroad
lands sold by this company are sold clear of taxes, with assurance
of perfect title when paid for.” More than "three
yearshaving
elapsed since the completion of said road and its acceptance by
the President at the time Mr.
Dudymott filed his declaratory
statement for the tracts in question, I am of

97

if such there be, claiming title to said tracts under it, to
the time and place mentioned, to show cause why said
declaratory statements should not be received. At such hearing
the applicant should be required to show that he is an actual
settler on the land applied for, a qualified
pre-emptor, and that
the records of the county where deeds and
conveyances
sons,

appear at

recorded do
not
show that said tracts have been
sold at the date of the filing of his declaratory
statement, and the
are

company or its grantee to show whether said tracts applied for
have been sold by it.
If the company or its grantee fail or refuse

to appear

and offer any testimony, the filing should
under the rule that “ where the subiect matter of

be allowed

negative
peculiarly within the knowledge of the other
party, the averment is taken as true unless disproved by
that party.” (1 Greenleaf on evidence, par. 79).
In making
returns of the moneys arising from the sale of said lands the
a

averment lies

local officers should be instructed to keep a separate account of
the lands sold, the moneys received therefor, on account of said
company, in order that the same may be passed to its credit.
Int
this case, inasmuch as it does not satisfactorily appear whether
the lands applied for had been sold by the company at the time
Mr. Dudymott filed his declaratory statement, you will instruct
the local officers to call upon said company for a statement show¬

ing whether said lands had been sold by it at that time, and if it
refuse or neglect to furnish such statement within
thirty days
after the service of said notice, that they order a
hearing to

determine that fact under the rule above set forth.

For the

rea¬

stated, your decision is reversed, and the papers transmitted
with your letter of January 22, 1878, are herewith returned.

son

Very respectfully,
C. Schurz, Secretary.
To the Commissioner of the General Land Office.

,

Pennsylvania Railroad.—This company, on its lines east of
opinion that his
application should have been received by the local officers, Pittsburg and Erie, earned as follows for June, 1878, compared
subject, however, to the condition that it be made to appear, with the same month in 1877 :
before final certificate issue to him, that at the time his
A
in gross earnings of
$65,976
declaratory A decrease
decrease in expenses of..
statement was filed for said tract said
136,961
company had not sold or
disposed of the same. In your decision it is held “that the
An increase in net earnings of
$70,985
matter of the disposition of lands on the condition of the
tract
The six months of 1878, as compared with the same period in
involved in the application in hand is not within the
jurisdiction 1877, show
or control of this
office.” If the views I have
expressed in An increase in gross earnings of
$115,541
relation to the sale and disposal of said lands are
correct, and I A decrease in expenses of
500,937
see no reason to doubt their
correctness, the sale and disposal of
An
net
increase
in
lands in the condition of those applied for as unsold at that time
earnings of
$616,478
All lines west of Pittsburg and Erie for the six months of 1878
by said company, is clearly within the jurisdiction of your office,
like other lands.” By the terms of the
grant by which show a deficiency in meeting all liabilities of $603,897, being &
said lands or the proceeds which shall arise from
the gain over the same period in 1877 of $110,928.
......

“

sale

thereof

lands

inured

remaining

to

said

unsold at

company,

the

it

is

provided

expiration of

that

three years
from the time when the entire road was
completed, shall
be subject to settlement and
pre-emption like other lands,
«.t a price not exceeding $1 25
per acre.
In other words,
that said lands shall revert to the
public domain, for sale and dis¬
posal for said company, under the pre-emption laws of the United
States. And whether it be considered that said lands are
public
lands, in a general or special sense, cannot, in my opinion, affect
the jurisdiction of your office in
making sale and disposal of the
same.
At the time this grant was made, the
provisions of the
pre-emption law were well understood, and in so far as it provided
that the lands granted shall be
subject to settlement and pre-emp
tion like other lands, it must be considered that
Congress intended
that the same rules and
regulations should be adopted in regard
to the disposal and sale of said lands as are
adopted by your office
in the sale of public lands under the
pre-emption laws. While
it may be true that further
legislation in relation to the sale of
said lands might have been advisable, still I
do not think it to
have been absolutely necessary
except to provide for the manner
in which the proceeds which shall arise from the
sale of said
lands shall be paid to said company. Counsel for the
company
suggests that these lands are covered by a mortgage executed by
said company to secure
money borrowed in the construction of
its road.
If such be true I am unable to
perceive that such mort¬
gage is any obstacle to the disposal of said lands in accordance
with the provisions of the
granting act. The company mort¬
gaged such interests in the lands as it possessed, and the mort¬
gagees must be considered to have taken the mortgage with full
knowledge of the right of the company to make the same. Aside
from these considerations, however,
the provision in the mortgage
which authorized the company to sell and
dispose of the
lands granted
and
make
conveyance
thereof
to
pur¬
chasers,
which
release the
conveyance shall
right
of
the
mortgagees
to
the
particular tract, will in the
same manner protect the
pre-emptor who purchases of the Gov¬
ernment, which has authority to sell the lands and pay the pro¬
ceeds arising from such sales to the
company. The local officers
of each of the land districts in which lands
inuring to said com¬
pany by virtue of said grant are situated, should be instructed to
receive filings
conditionally for said lands, in tracts not exceeding
one quarter section,
by qualified pre-emptors, and on receipt of
such declaratory statements to call
upon the company for a state¬
ment showing whether the lands
applied for have been sold by it,
and if not sold then the declaratory statements should be
allowed,
subject to the applicants showing full compliance with the pre¬
emption law. If the company neglect or refuse to furnish such
statement to the local officers within
thirty days after the service
of said notice, in that case
they should be instructed to order a
hearing, if so requested by the applicant, to determine whether
such tract or tracts are subject to such
filing, giving notice of the
time and place when and where such
hearing will be held, in
some
newspaper published and circulated in the county where the
lands are situated, notifying said
company and any and all per¬




Pittsburg Cincinnati & St. Louis.—This company reports
ending June 30 :

follows for the six months
Gross earnings

$1,511,438

Expenses
Net
Interest

as

991,857

earnings

...

.

$519,581

...-

bonds, six months

on

Surplus
Gross earnings include

include interest

Extension in

on

331,895

$184,686

interest received

car-trust

cars

on

equipment; expensea

and rental of

Pittsburg.

Portsmouth Great Falls &

Monongahela

Conway.—A meeting of the

holders of bonds was held in Portsmouth, July 24, to consider
the condition of the property, and to take measures to protect the
same.

,

The following resolution was passed :

Voted, That in view of the present position of the property, and that the

lessees of the PortsmDuth Great Falls & Conway Railroad declined to pay
the interest on bonds,.as provided in the lease, and their proceedings in bank¬
ruptcy were threatened, which, in the opinion of the meeting, would greatly

impair the value of the bonds ; and
Whereas. It was the opinion that under proper management this road is
capable of earning, above its expenses, its interest above said bonds, that a
committee of three be appointed by the Chair to nominate a committee or
five bondholders, whose duty it should be to protect'the interest of the bond¬
holders by taking such steps toward the preservation of their rights, in the
courts of this State and elsewhere, as they may deem expedient.

An amendment to the above

was

passed,

as

follows:

“That this committee act in conjunction with a committee which will be
appointed at a meeting of bondholders to be held in Boston to-morrow (Thure -

day).”

Union Pacific.—The fourth annual drawing of numbers for
the

redemption of one per cent of all the outstanding sinkingfund bonds of the Union Pacific Railroad took place at the
offices of the company in Boston, this week. The bonds having
been above par in tne market for some time past, there was not
much interest in the drawing, it being optional with the holders
of the bonds drawn whether they present them for redemption or
not.
But it is stated that the drawn bonds, if not presented for
redemption,

Exchange.
7,941
6,COO
4,202
7,707
8,007

13,162
4,547
1,709
3,032
3,193
5,794
11,711

‘

cease to be a good delivery at the New York Stock
The required number, 140, was drawn as follows:

1,412
4,288

3,203

684

6,879

11,229

5.024

8,697

2,323

13,472

11,955
10,267

3,143

996

10,754
11,685

316
208

13,518
11,249
3,217

9,226

.

.

5,454
13,014
6,232
12.821
11,360
5,440

°736
*

8,763

933

367

1,966
9,796
5,503
6,796
6,609

14,665

10,725
4,693
13,455

6,038

-

1,403
1,970
13,582
8,428
6,306
6,406
8,752
10,970
10,414
9J30 ’
14,509

11,593
10,011

6,516
13,480
12.815

7,126

12,369
12,353
3,963
9,162
1,675
297
43

5,551
13,664
12,836

-

5,430
9,487
3,676

5,012
3,216

146

6,503

12,859

5,689
13,535
7,087

12,924
3,081

1.358

6,967
10,020
4,515
14,764
8,268
5 805

10,673

4,713

5,190’

3, ICO

2,053

10,040
18,317
13,184

8,969

1,209

8,214
8,890

4.433

4,710
1,799
3,233
8,743

5,524
6,531

12,544
10,864

13,110
2,625

4,740
4,678
4,067

4,035
12,201

14,096
6,404

7,902

10,027

11,151

13,439
6,590

5,901

13,092

»
.

2.536

\

THE CHRONICLE.

98

[Voi*. xxv rL
OOTTON.

£kc ©jomwcrcml Jkmcs.

Friday, P. M., July 26, 1878.

The Movement of the Crop, as indicated
by our telegrams
from the South to-niglit, is given below.
For the week ending
this evening (July 26), the total receipts have reached 4,086

COM^ircTALEm'OMR
Friday Night. July 26, 1878.
Trade* for the autumn months may be said to have fully begun,
and that, too, with much spirit.
Confidence is such in the sta¬

bales, against 3,782 bales last week, 5,287 bales the previous
week, and 5,949 bales three weeks since, making the total
receipts
since the 1st of September, 1877, 4,256,419 bales, against
bility of prices, and in the ability of the country to supply its
3,956,137
bales for the same period of 1876—7, showing an increase
needs, that dealers purchase with more freedom than in recent since
Sept.
1, 1877, of 300,282 bales. The details of the receipts
years, and the approach of the period when the repeal of the for
this week (as per telegraph) and for the
corresponding weeks
bankrupt law takes effect has a beneficial influence upon credits, for of five
previous years are as follows: *
it is seen that the weeding-out process among traders and manu¬
facturers approaches a conclusion.
A smart advance in prices Receipts this w’k at
1878.
1877.
1876.
1875.
1874.
of staples of Western farm products adds to the financial strength
838
792
359
1,711
of an important section, which promises to re-act promptly upon New Orleans
1,327
210
152
320
84
168
the East, while the South makes steady improvement in all the Mobile
Charleston

elements of wealth.
There have been improving markets for pork, lard, and other
“

Port Royal, <fcc
Savannah

hog products.” The demand has been good for current delivery,

508

172

577

18

192

613

782

510

170

680

572

....

....

72

363

331
409
438
193
231
Mess pork sold early in Galveston
9
the week at $10 10 for August, and $10 25 for September, but Indianola, &c
10
32
has latterly brought $10 25@$10 30 for August, and $10 40 for Tennessee, &c
686
569
795
492
607
3
8
5
September,. Lard has materially advanced, prime to choice Florida
Western selling to-day at $7 35@$7 40, with contracts for future Nortn Carolina
137
269
377
27
183
211
548
551
delivery at $7 32J for August, $7 40 for September, and $7 45 for Norfolk
430
931
19
23
October, the early deliveries having improved most. Bacon is City Point, &c
31
22
155
decidedly higher; Western long clear held at 6£c., and there were
Total this week
4,086
3,299
5,589
2,377
4,574
large contracts made early in the week for long and short clear
together at the West, September delivery, at 6c., and short ribs
Total since Sept. 1. 4,256,419 3,956,137 4,081,570 3,473,654 3,792,931
in bulk at the same price.
Cut meats have been tending upward.
The exports for the week ending this evening reach a total of
Beef and beef hams rather quiet.
Butter is l@2c. per lb. higher.
Cheese in good demand and firm.
Tallow fairly active at 6£@ 8,124 bales, of which 8,072 were to Great Britain, none to
6 15-16c. for prime.
Stearine in demand and higher. The fol¬ France, and 52 to rest of the Continent, while the stocks as
lowing is a comparative summary of aggregate exports from made up this evening are now 105,615 bales. Below are the
stocks and exports for the week, and also for the
Nov. 1 to July 20, inclusive:
corresponding

and speculation has gained strength.

....

....

.

.

.

.

.

....

...

1877-78.

Pork, lbs
Bacon and

1876-77.

51,333,8 X)

hams, lbs

Lard, lbs
Total, lbs

474,741,311
263,511,326

46,367,200
351,731,110
173,220,383

792,592,437

571,318,633

week of last

Increase.
.

4,972,600
123,010,201
91,230,943

Week

221,273,744

N. Orl’ns

Mobile..

Charl’t’n
Savan’h.

Galv’t’nN. York.

moderate

demand, and the sales of the week are
only 1,406 cases, of which 1,026 cases Ohio, crop 1877, at 7£@8£c.;
other sales embraced: 50 cases, 1876 crop, New England, 18 to
25c.; 120 cases, 1877 crop, New England, seconds, 11 to 12c., and
fillers, 6c.; 120 cases, 1877 crop, Pennsylvania, 5 to 14c., and 40
cases, 1877 crop, Wisconsin, 7|c.; also, 50 cases sundries at 4@15c.
The movement in Spanish tobacco embraces 500 bales Havana, at

EXPORTED TO—

ending
Great
July 26. Britain.

Kentucky tobacco has been more active and prices very firm, the
demand having been stimulated by the reduced
acreage planted
for the next crop.
Sales for the week 1,600 hhds., of which
1,400 for export and 200 for home consumption. Lugs are
quoted at 2^@5c., and leaf 5^@14c. Seed leaf, however, con¬
tinues in but

season:

Norfolk-

Other*..

4,027
....

Conti¬

France.

nent.

Total
this

Week

"Week.

1877.

52

....

Same

4,079

....

....

....

....

....

....

....

....

....

.

....

....

....

....

....

3,318
....

....

u

.

.

....

3,318

....

727

.

....

4,097
....

STOCK.

1878.

9,283
564
298

....

....

3,179

....

....

727

161

503

1877.

38,969
6,681
3,059
2,266

1,601
7,449
80,356 101,779
1,010
2,727
12,000 30,000

Tot. this
week..

8,072

•

•

•

52

•

8,124

7,437 105,615 192,930

Tot. since

80c.@$l 10.

Sept. 1. 2131,651 497,525 679,164 3308,340 2997,036

The business in Rio

*•

The exports this week under the head of - other ports” include, from Balti¬
grades of coffee has been fair, and all
prices have remained steady ; fair to prime cargoes quoted at more, 690 bales to Liverpool; from Boston, 37 hales to Liverpool.
In addition to above exports, our telegrams to-night also give
15£<ai6£c., gold, and jobbing lots as high as 18c., gold. The stock
us
the following amounts of cotton on shipboard, not cleared, at
here on the 24th inst. in first hands was 75,334
Mild the
bags.
ports named. We add also similar figures for New York,
grades have continued rather quiet, and without important sales
or features of new interest.
Rice has sold in a good jobbing which are prepared for our special use by Messrs. Carey, Yale &
way at firm prices.
Molasses is still dull and more or less nomi¬ Lambert. 60 Beaver street:
nal, though with a steady undertone, in view of the very mode¬
On Shipboard, not cleared—for
rate offerings.
Refined sugars have sold fairly at about steady
Leaving
July 26, at—
Liver¬
Other
Coast¬
Stock.
France.
Total.
figures ; standard crushed quoted at 9£@9|c.
Raw grades have
pool.
Foreign wise.
latterly been dull, which has causad some easiness, fair to good
New Orleans
None.
None.
None.
1,250
8,000
1,250
refining being quoted at 7£@7 o-16c.
*

'

Stock July 1, 1878

Receipts since
Sales since

Stock July 21, 1878
Stock July 25. 1877

Bhds.

Boxes.

75,224

11,225
2,942

44,631
.

43,-399
43,399
76.456

121,590

2.589

11,578
25,485

Mobile

None.

None.

None.

None.

None.

6C9

Savannah

None.

None.

None.

200

200

303

1,647

Galveston

None.

None.

None.

None.

None.

1,601

3,775

None.

None.

None.

*5,375

74,981

5,025

None.

None.

Bags.
138,205
167,190
134,966
170,429

Melado.

308,559

2,259

657

1,679

There has been much irregularity and weakness in the rates
for ocean freight room,
especially berth tonnage; marked
declines have taken place, and general dissatisfaction
among
holders of room charters has remained more or less as last
noted, with a fair business in r etroleum vessels to arrive. Late

New York
Total

>

-■

564

200
85,449
6,825
1,600 bales at Presses for foreign
ports, the destination of which we cannot learm
*

Included in this amount there

are

From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 687 bales, while the stocks to-night

engagements and charters include: Grain to Liverpool, by steam,
6@6£d. per bushel, cotton £d. per pound, bacon 30s.@32s. 6d. per are 87,315 bales less than they were at this time a year ago. The
ton, cheese 40@45s. per ton, butter 45s
do. in refrigerators, following is our usual table showing the movement of cotton at
all the ports from Sept. 1 to July 19, the latest mail dates:
125s.; grain, by sail, 5d., and cotton at 7-32d.; grain to London,
RECEIPTS SINCE
by steam, 6£d., flour 2s. 3d.@2s. 9d. per bbl ; grain to Hall, by
EXPORTED SINCE SEPT. 1 TO—
SEPT. 1.
Ports.
steam, 7£d.; do. to Bremen, by sail, 7fd.; do. to Marseilles, 5s.
Stock.
Great
*
| Other
6d. per quarter; do. to Christiana, 6s. 3d.; do. to Marseilles or
Total.
1877. I 1876.
Britain. France,
j Foreign
Cette, 6s.; do. to Cork for orders, 5s. 9d.@5s. 10d.; oats to Bor-'
N.Orlns 1368,368 1178,269 815,116 325,406 304,648 1445,170 15,612
deaux, 7s. per 480 lbs.; refined petroleum to Bremen, 4s. l^d.@
Mobile. 412,463 357,114 106,381 26,146 31,566 164,093
806
4s. 3d., latter for vessels to arrive; do. to the continent, 4s.
6d.; Char’n*
458,233 469,642 131,935 70,355 103,584 305,874
do. to the Baltic, 5s. 3d.@5s. 6d.; case oil to Piraeus, 29c.,
520
gold.
To-day, there was an improved business, especially in petroleum Sav’li.. 596,813 475,734 176,247 36,351 138,748 351,346 1,353
Galv.*. 446,075 500,817 186,172 26,971 11,291 224,434
2,511
tonnage, at rather better rates.
There has been little of importance going on in the rosin mar¬ N. York 143,538 121,168 321,444
9,441 47,308 378,193 92,646
20,379
14,299
ket, and prices have shown some irregularity, but close steady at Florida
the new basis ; common to good strained quoted at
102
$1 40@1 45. N. Car. 143,247 128.811 35,007 1,780 19,890 56,677
Spirits turpentine has declined, which has led to more business ; Norf’k* 507,418 551,511 156,687 1,075 2,929 160,691 2,000
Southerns at the close were quoted at 2S£c. Petroleum has been Other.. 161,879 149,393 194,590
19,148 213,738 12,500
fairly active, but closes quiet and only about steady ; crude, in
4252,333
2123,579 497,525 679,112 3300,216 128,050
bulk, quoted at 6Jc.; refined, in bbls., at lOfc. There has been
an improved movement in domestic
3952,838 2108,272 452,739 428,588 2989,599 203,982
wools; the new fleeces receive
the more general attention, and satisfactory figures are current.
Unaer the head of Charleston is included Port Royal, &c.: under the head of
Sales for the week include 309,000 lbs. fleeces, at 23@32c. for un¬ Galveston Is included Indlanola, &c.; under the head of Norfolk Is Included City
Point, &c.
;
washed Western, and 37@37|c. for X Ohio washed.
These mail returns do not correspond precisely with the total
Ingot
copper was steady, though still quiet, at 16@16£c. for Lake. of the
telegraphic figures, because in preparing them it is always
Whiskey closed at $1 06£@$1 07.
necessary to incorporate every correction made at the ports.




,

„

-

•

0
7
.
7
0
7
.
3
0 12
5
July 37,

THE CHRONICLE.

1878.]

1

99

-

005.43
There has been a good demand for cotton on the spot this week,
and prices have advanced; quotations were marked up 1-16c. on
on Wednesday, to life, for middling uplands.
The demand continued to be mainly for home consumption, but
the transactions for export and speculation were to a fair extent.

For July .

Bales.

Cta
11-60

100
300
100
300

Monday and again

1,600

« ta.

400

11-28

1,200

11*29

11-66
11-67

100

11-30

7,000

11-31
11-32
11-83
...11-34
11-35
11-36
11*37
11-38
11-39
11-40
11-41

....11-68

11-69
11-70
11*71
100-.oJS4th 11*72
100
11-72

Supplies here have been replenished by moderate receipts coast¬

September.

11*61

200
200
300

wise; nevertheless, stocks diminished rapidly, giving holders a great

For

Bales.

5,300
5,200 .....
8,400
4,000....

,

Bales.
400
500.
600

Cta.
11-01
1102
11-03

For
Bales.

*

1,800

-*

11*04

500

11-05

1,200
1,100

1106
11-07

700

11-08

1,000

11-09

300

11-10

February.

cta.

300
100
400

11-10
11*15

^.11-16

800
For March.

11*18
advantage. Yesterday, the market was firm, with a large business 1,100
11-73
4,900
8,400
reported for home consumption. To-day, the market was again
400
11-74
“Too"
500
11-75
active for home consumption, and the medium grades were l-16c.
For December.
100 8.11.23(1.11-77
100
...10-98
2,100
100
higher. The speculation in futures opened buoyantly, and, in the
11-77
600
10 99
For April.
course of Saturday and Monday, a considerable advance in prices
57,200
2,166
il-oo
600
1101
100
5,500
11*86
took place—most decided, it is true, for this crop, but the next crop
100
11-27
2,700
1102
For August.
For October.
800
11-03
100
11-29
sympathizing. The highest figures were soon after noon on Mon¬ 5,900
200
900
..1114
1104
11-64
700
11-31
100.
11-65
600
11-05
day, when July sold at ll*77c.; August at ll*79c.; September at
4,000
11-15
1,500
4,400
11-66
2,310
11-16
1,000
11-Ofl
11‘39c.; and October at 11 -23c.; or from 9 to 18 points above the 11,300
11-67
1117
1,000..
11*07
closing bids on the previous Friday. A re-action set in towards 6,200
1T68
1,400
11-18
1,300....
11*08
11-69
For May.
5,600
11-19
the close of Monday’s business, which continued throughout
1170
5,400.
2,200
11-20 12,200
100,
11-71
Tuesday, at the close of which most of the advance above noted 5,200
1,300
11-21
11-38
For January.
200
11-72
3,200
11-22
11*34
had been lost.
Wednesday was stronger on some of the early 8,400
1104
200
300
3,700
11-73
11-35
5,800
11-23
100
100
1105
1,000
11-74
transactions, but closed at a slight further reduction in values and
11*86
1,300
11-24
200
11-75
11-37
2,000
11-25
1,360
1107
a generally weak
feeling. Yesterday, there was an advance of 3,900...
100
11-26
200
11-08
200
11-76
11-39
5,300
100
n-io
3@5 points, with September and October contracts much in favor 1,500.
11-77
2,100
11*40
200
11-11
400
1,300
11-78 31,300
11*41
with operators for a rise.
The advance early in the week was 1,000
300.
11-12
11-79
aided by strong Liverpool accounts, but was mainly due to the
For November.
3,600
300
n-oo 1 2,400
rapid reduction of stocks in the United States and the danger of 70,200
a speculative “ corner ” on
The following exchanges have been made during the week:
August contracts. The bears became
•52 pd. to exch. 100 Oct. for Aug.
alarmed, and covered at the best prices possible. On Tuesday it
| *33 pd. to exch. 200 May for Aug.
*37 pd. to exch. 600 Sept. <or Aug.
*34 pd. to exch. 200 May for Juiy.
was understood that the
leading “short interests” had been set¬
*01 pd. to exch. 200 July for Aug.
|
tled, and Liverpool was reported weak, causing, for the moment,
The following will show the closing prices bid for future
nearly as much anxiety to sell as there previously had been to
purchase. The weather reports to the New York Cotton Exchange delivery, and the tone of the market at three o’clock P. M., on
the several dates named:
were all that could be desired to promote the
progress of the
growing crop, and these contributed in some degree to the depres¬
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
sion in the later months, and indeed checked their advance in
Fri.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Market— Irreg’r. Firmer. Firmer. Lower. Yar’ble. Firmer. Firmer.
comparison with this crop. To-day, there was a further advance
11*61
11*69
11*75
11*67
11-69
11*74
11-66
of 4@6 points, with September and October attracting the most July
11*63
11*71
11*76
11*66
11-65
11*69
11*73
August
of the speculative interest.
The changes for the week are : ad¬ September
11*28
11*34
11*37
11*31
11-30
11-35
11*41
vances of £@3-lGc. for spots, 10 points for transferable orders,
11*14
October
11*18
11*22
11*15
11-14
11-19
11*25
10*99
11*03
11*07
11*01
11-00
1103
11*09
10@13 points for this crop and for the early months of the next November
10*99
11*06
11*03
11-02
December
11*00
11*07
10-98
crop, and 6@9 for the later months.
11*03
11*07
11*04
11-03
11*10
1107
1111
January
The total sales for forward delivery for the week are 192,700
11*13
11*08
11*16
11*10
1112
11-08
11*17
February
11*16
11-20
11*23
11*20
11*25
1118
11*17
bales, including — free on board. For immediate delivery the March
11-25
11-29
11*32
11-24
11*31
11-26
11*28
total sales foot up this week 11,835 bales, including 1,325 for April
11*41
11-34
11-38
11-35
11-33
11*38
11*40
May
export, 8,6i9 for consumption and 1,891 for speculation.
Of Transfer orders 11-65 11*75 11*80 11-70 11-70 11*75 11*75
the above,
bales were to arrive. The following tables show
Closed—
Steady. Firm. Steady. Weak. Weak. Steady. Steady.
the official quotations and sales for each day of the past week:"
Gold
100%
100%
100%
100%
100%
100%
100%
100

.

.

.

.

.

..

Saturday, July 20,
to Friday, July 26.
Ordinary

$ ft).

UPLANDS.

ALABAMa.1 N.

Sat.

Sat.

9%

Mon

91*16

Strict Ordinary... 10
iOhe
Good Ordinary. .. 1012
K>9i6
Strict Good Old... 101B1<} 11
Low Middling
1114
Strict Low Mid.... 113s
lUi6

HJlG

1112
Middling
Good Middling.... 11%

Strict Good Mid... 123i6

Middling Fair

Mon Sat.

95s

9**16 93t
10*16 10*8
101-2
10916 10%
10*516
11*16
11*16 11*4
115i6
1130
U7* 6 11*2
1112
11916 11%
10

1178
IS*?.
1214
12316

11*5i6

12*4
12**16 12%
137ie 13*2

1211i6 1234
137ie 1312

Fair

ORLE’NS

12

TEXAS.

Mon.

Mon

9**16 9%
9**16
10316 10*8 103i6
10**16 10% 10**16
11*8
n*i6 11*8
11%
H°16 11%
11*2

11%
12

1ISS‘

12316
12*316 12%
13916 13%

ml?6

1878.

13%

Stock at Liverpool
Stock at London

TuesWed Tues Wed Tues Wed Tues Wed

-

Ordinary
911x6
9**16 93*
Strict Ordinary..
10> 1018 10*16 10*8
Good Ordinary.... 10»i6 105s
10916 10%
Strict Good Old... 11
11*16 11
H*16
Low Middling
III4
115i6 1114 11516
Strict Low Mid....
n;iG 1112 H7*e 11%
Middling
11916 11%’ 11916 11%
Good Middling..
1U»J6 12
11*516 12
Strict Good Mid... 1214
12516 1214 12516
1234
Middling Fair
12*316 1234 12*310
Fair
lb.

9%

.

131g

Tb.

Ordinary
$ lb. 9%
Strict Ordinary... 10%
Good Ordinary.... 105s
Strict Good Ord... lUl6
Low Middling
115i6
Strict Low Mid.... 1112

Middling

1158

Good Middling.... 12
Strict Good Mid.
125jg
.

Middling Fair
Fair

■..

13»ie 1312
Frl.

934
1018
10%

139i6

Tb.

9%
10%
10%

Frl.

9%
10%
10%

9**16 9%
10*16 10*4
10**16 10%
11*8
11**6
11%
1171G
11®16 11%
11**16 11*4
12*16 12*8
12%

9**16 9%
10*16 10*4
10**16 10*4
11*8
11*16
11%
11*16
11916 11%
11**16 11%
12*16 12*8
12%
12716

127|6

12%
13%

12*516 12%
13*116 13%

12

1215i6

Frl.

Tb.

Frl.

9%

9%

9%

10*4
10%

10*4
10%

9%

10*4

10*4

10%

10%

12*8

12*8

H*16 11*16
11*16 11*2
11%
11**16
11%
11**16
12%

STAINED.

Good Ordinary
Strict Good Ordinary
Low Middling

Sat.

$ lb.
;..

9*2
10

10*2

Middling

11*16

Mon Tues Wed

Tb.

9916
9%
9916
101*6 10*16 10*8
109i6 109i6 10%
11*8
11*8
11*16

9%

9%

10*8
10%

10*8
10%

11*16

11*16

Frl.

Stock
Stock
Stock
Stock
Stock
Stock

at
at
at
at
at
at
Stock at

SPOT MARKET
*
CLOSED.

Ex- I Con-

port,

jsump

Sat.. Strong
1,000 1,930
Mon
702
Strong, higher....
Tues. Steady
968
Wed Quiethigher
325
500
Tliurs Firm
2,193
Fri.
Steady
2,326
.

.

.

Total

For forward

Spec-

Tran¬
Total.
ul’t’n sit.

120
670
881
20

....

....

200

1,325 8,619 1,891

3,050
1,372
1,849

....

....

....

845

2,193
2,526

Sales.

22,900
43,000
35,000
26.300
25.300

40,200

11,835 192,700

Deliv¬
eries.
100
300
200
400
400
200

Hamburg
Bremen

Amsterdam
Rotterdam

Antwerp
other eonti’ntal ports.

Total continental

4-80%

4*80%

4*80%

ports....

1877.

1876.

1875.

951,000 : 1,013,000

676,500
178,500
6,500
37,500
7,000
41,000
48,750
9,750
6,500

980,500
219,250
7,500

998,500 1,113,250
188,000
164,000
8,500
8,000
84,500
84,000
13,500
12,500

23,000

16,000

358,500

467,750

47,500

68,000
17,750
73,750

46,250
11,500
7,750

"

100,250

59.000

41,750

62,250
15,250

23,000

42,500
10,000
4,750
16,000

446,250

409,000

17,75b

1 ,035,000 1,448,250 1,444,750 IL,522,250
235,000
328,000
438,000
569,000
86.000
94,000
124,000
74,000
Egypt,Brazil,&c.,aflt for E’r’pe
10,000
2*2,000
23,000
33,000
Stock in United States ports
105,615
192,930
205,812
135,595
Stock in U. S. interior ports..
5,906
14,016
27,974
9,341
Total European stocks..

..

India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
..
.

United States

exports to-day..

Total visible

500

1,000

1,300

2,000

supply.bales.l,478,021 2,100,196 2,264,836 2,345,186
descriptions are as

Of the above, the totals of American and other
follows:
American—

Continental stocks
American afloat to Europe....
United States stock
■
United States interior stocks..
United States exports to-day..

105,615

614,000
374,000
94,000
192,930

5,906

14,016

500

1,000

526,000

Liverpool stock

299,000

86,000
.

543,000
332,000
124,000
205,812
27,974
1,300

534,000
198,000
74,000
135,595
9,341
2,000

bales.1,023,021 1,289,946 1,234,086 1,002,93®

Brazil, dc.—
Liverpool stock.....
East Indian,

London stock
Continental stocks
India afloat for Europe

Egypt, Brazil, &c., afloat
Total East India,
Total American

&c

These

figures indicate

137,000

331,000

408,000

429,00ft

13,500
59,500

35,500
93,750

47,500
114,250

100,250
211,000.

235,000

328,000

438,000

569,000

10,000

22,000

23,000

33,000

810,250 1,030,750 1,342,250
455,000
1,023,021 1,289,946 1,234,086 1,002,936

.'

Total visible supply
Price Mid. Upl., Liverpool

1,600

delivery, the sales have reached during the week
192,700 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices;




Barcelona

Total American
FUTURES.

.

Stock at Marseilles

MARKET AND SALES.
SALES OF SPOT AND TRANSIT.

4-80%

945,000
35,500

13,500

Total Great Britain stock

12*8

125i6 12510
12716 12%6 12Ti6 127i6
121316 12*310 12*3i6 12*3?0 12*016 12*o10 12*^6 12%
139ie 139!6 1 13916 139i6 13**16 13**16 13**16 13**16

663,000

Stock at Havre

lS**^

Tb.

11*16 11*16 11*16 11**0 11*16
11%
115i6 11%
11?16 11*2
119i6 11%
11916 11% 11*1*6
11%
nu16 11% ' 11**16

4*S0%

Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (July 26), we add the item of
exports from the United States, including in it the exports of
Friday only:

12*16

125i6 12%
12**16 12%

1^16

4*81*3 4*81%
Exchange
The Visible Supply op

—

a

1,478,021 2,100,196 2,264,836 2,345,186
6 9-16d.
65i6d.
,5i5l6d.
7%6<L

decrease in the cotton in sight to-night

622,175 bales as compared with the same date of 1877, a
decrease of 786,815 bales as compared with the corresponding dato

of

of

1876, and

a

(decrease of 867,165 bales as compared with 1875.

100

THE

CHRONICLE.

rvcL xxvii.

the Interior Ports the movement—that is the
receipts weather. We are having too much rain, and it is
interfering with:
shipments for the week, and stocks to-night, and for the picking and
bolls, besides increasing the danger from
corresponding week of 1877—is set out in detail in the following caterpillars. rotting
Otherwise crops are prosperous. The thermometer*
statement:
has averaged 86, with an extreme
range of 79 and 96.
New Orleans, Louisiana.—It has rained
Week ending July 26, ’78. Week
severely on two daysending July 27, ’77. this week, the rainfall
reaching four inches and twenty hun¬
dredths. The thermometer has
Receipts Shipm’ts Stock. Receipts Shipm’ts Stock.
averaged 84.
Shreveport, Louisiana.—Cotton is making rapidly. Have seen
213
Augusta, Ga
1,309
345
1,016
363
1,292 open bolls.
Prospects flattering. We had a heavy rain on Tues¬
Columbus, Ga....
83
100
481
71
219
1,862
the rainfall reaching two inches and fifty-eight hundredths^
day,
18
Macon, Ga
200
470
13
102
590
Weather favorable.
55
Worms are reported in
250
Montgomery, Ala
895
49
55
780
adjacent parish, but
34
none
Selma, Ala
34
here. Average thermometer 88,
586
45
45
270
highest
98 and lowest 77.
545
Memphis, Tenn..
1,713
1,794
364
1,016
8,166
Vicksburg, Mississippi.—The thermometer has averaged 86 dur¬
32
Nashville, Tenn..
15
664
06
552
1,106 ing the week,
ranging from 74 to, 100. It has rained on one day,
with a rainfall of fifteen hundredths of an
Total, old ports.
980
3,621
953
5,906
inch.
2,352 14,016
The crop is
developing promisingly, owing to the warm weather.
23
Dallas, Texas....
26
15
123
Columbus, Mississippi.—The weather here has been dry all the
Jefferson, Tex.
30
36
201
Shreveport, La
86
week, the thermometer averaging 86, and ranging from 78 to 96.
193
189
204
174
62
Vicksburg, Miss.
57
60
130
194
487 Where crops have been cleaned of grass they have
improved.
Columbus, Miss..
*64
10
30
Little Bock, Arkansas.—We have had two
Eufaula, Ala
16
90
143
light showers on
190 two
Griffin, Ga
days of the past week, the rainfall reaching twenty hun¬
6
90
27
49
112
Atlanta, Ga
dredths of an inch.
650
43 3
198
325
Otherwise, in this locality, it has been clear.
1,421
Rome, Ga.
57
161
113
The surrounding
89
200
country
has had several good rains, which will
Charlotte, N. C...
87
175
229
2
200
St. Louis, Mo
help crops. Average thermometer 82, highest 96 and lowest 67.
273
363
1,655
150
276
3,000
Cincinnati, O
807
1,248
Nashville, Tennessee.—Excepting a rainfall of three hundredths3,596
186
945
5,435
of an inch on one
day, the weather during the week lias been
Total, new p’rts
2,079
2,421
6,621
853
2,072
11,345 warm and dry.
The thermometer has averaged 81, with an
extreme range of 71 and 92.
Total, all
3,059
6,042
12,527
1,806
4,424
25,361
Actual count.
Memphis, Tennessee.—We have had rain on one day (local), the
rainfall reaching
The above totals show that the old interior
nineteen hundredths of an inch. During the
stocks have
balance of the week the weather lias been
decreased during the week 2,641
pleasant. The crop is
bales, and are to-night 8,110
bales less than at the same
promisingly. Average thermometer 85, highest 97,
period last year. The receipts at the developing
and lowest 67.
same towns have been 27 bales
more than the same week last
Mobile, Alabama.—It lias rained severely on one day and hasyear.
been showery two
days this week, the rainfall reaching one inch,
Receipts prom: the
Plantations.—Referring to our remarks and twenty hundredths. The crop is developing promisingly,
in a previous issue for an
explanation of this table, we now bring though rain is needed. Caterpillars have
certainly appeared,
the figures down one week
later, closing to-night:
though the injury done is as yet limited. The thermometer has
RECEIPTS FROM PLANTATIONS.
ranged from 76 to 96, averaging 85.
Montgomery, Alabama.—It has rained on two days during the
Receipts at the Ports.
Week
Stock at Inter r Ports Rec’pts from Planfns
week, the rainfall reaching sixty-six hundredths of an inch.
ending— 1 1876.
Average thermometer 85, highest 100, and lowest 74.
1877.
1878.
1876.
1877.
1878.
1876.
1877.
1878.
Selma, Alabama.—We have had rain (a very slight shower) on?
May 3.
26,002 16,560
31,196 115,076 107,534 75,550 20,252 7,020 17,604 one day, the balance of the week having been warm and
dry. The
10.
26,441 17,309
24,252 106,301 97,696 65,770 17,666
7,471 14,472 thermometer has averaged 86.
Crop
accounts
are less favorable..
17.
19,995 16,288
20,797 99,966 86,376 56,433 13,660 4,968
Madison, Florida.—Telegram not received..
10,760
24.
16.330 12,147
19,732 92,916 79,009 46,305
Macon, Georgia.—Telegram not received.
9,250 4,780
9.604
31.
13,810
9,669
18,220 87,711 67,786 39,025
Columbus, Georgia.—The weather during the week has been
8,605
10,940
Jane 7.
warm and
10,456 9,390
12,380 82,569 57,509 34,154
dry. Caterpillars have certainly appeared, though the
5,314
7,5:9
14
8,444
8,526
11,23! 76,054 52,154 29,315
injury
is as yet limited. Rust is developing badly, but
done
1,929
3,171
6,392
crop
21.
accounts

At.

and

■

-

*.

....

....

.

.

m

.

„

.

..

m

m

.

m

#

.

.

.

....

m

»

m

m

-*■

II

4ft
«

.

14

li
<1

.

....

23.

July 5

10,493
8,559
8,661
6,005

8,526
6,519

10,721

6,879

67,712
61,078
57,865
53,736

45,769
35,811
32,077
23,997

23,287

21,24u
19,675
18,033

2,151
1,925
5,443
1,876

2,141
....

are more
favorable.
thermometer has averaged 93.

4,693

4,832
4,384
3,645

We have had

no

rainfall.

The

Savannah, Georgia.—We have had rain on one day, the rainfall
reaching ninety-seven hundredths of an inch, but the rest of the
19.
week has been pleasant.
5.042
3,676
3,782 49,552 27,979 15,494
The thermometer lias averaged 84, the
888
1,243
26.
5,589
3,299
highest
point touched having been 98 and the lowest 72.
4,086 47,151 *5,361 12,527
681
3,158
1,119
Augusta, Georgia.—It has been warm and dry all the week at
Total.
165.827 122,415 174,512
92,152 36,582 97,197 this point.
The cotton plant looks strong and healthy. Accounts
This statement shows us that
are good,
promising
a large yield ; but rain is much needed.
although
the
the
receipts
at
ports
the past week were 4,086
bales, the actual from plantations Average thermometer 88, highest 105 and lowest 74.
were
only 1,119 bales, the balance being drawn from stocks at
Charleston, South Carolina.—It has been showery two days thisthe interior ports.
Last year the receipts from the
week,
the rainfall reaching two inches and eight hundredths.
plantations
for the same week were 681
bales, and for 1876 they were 3,158 The thermometer has averaged 83, the highest being 95 and the
bales.
lowest 75.
12.

6,102

5,949'

4,40 4

5,2-7

2,363
1,324
2,658

41

*

Weather Reports

by

Telegraph.—The weather the

week has continued favorable for the

The

following statement we have also received by telegraph,
past showing the height of the rivers at the points named at 3 o’clock

We give last year’s figures (July 26, 1877) for
development of the cotton July 25, 1878.
plant, and the crop has generally made excellent
comparison:
progress. There
are some
July 25, ’78. July 26, ’77.
complaints of rust and shedding and rumors of cater¬
Feet. Inch.
Feet. Inch.
New
Orleans...;
pillars at several points ; but no special
Below higli-water mark
6
8
5
9
done. From Memphis
damage
Above low-water mark... 13
9
16
6
Texas we have complaints of too much
Nashville
rain.
Above low-water mark...
16
4
2
Shreveport
Above
low-water
3
Galveston, Texas.—We have had a rainfall
mark... 20
13
O
during the week Vicksburg
AboveloT water mark... 25
8
27
5
(showers, on four days) of one inch and
sixty-seven hundredths.
New Orleans reported below
high-water mark of 1871 until
Caterpillars have appeared generally in the coast
belt, but in Sept. 9, 1874, when the zero of gauge was changed to high-water
small force.
No serious
damage has been done, but much is mark of April 15 and 16, 1874, which is 6-10tlis of a foot above
1871, or 16 feet above low-water mark at that point.
feared, as we are having too much rain. The thermometer
has
averaged 85, the extremes having been 77 and 94. Two more
Comparative Port Receipts and Daily Crop Movement.—
bales of new cotton have been
received.
A
Indianola, Texas.—It has rained hard on three
comparison of the port movement by weeks is not accurate,
days of the as
week, the rainfall reaching one inch and
the weeks in different years do not end on the same
eiglity-three hun¬
day of the
dredths. Caterpillars have
appeared, though the injury done has month.
We have
added
our
other
consequently
to
as yet been limited.
standing
Poisons are being
actively applied. We tables a daily and monthly statement, that the reader
are
having too much rain. Average thermometer 84,
may con¬
highest 94 stantly have before him the data for
and lowest 75.
seeing the exact relative
Corsicana, Texas.—There has been a showei here on one
movement for the years named.
First
we give the receipts at
day,
a rainfall
of twenty-one hundredths
of an inch, which did no eich
port each day of the week ending to-night.
harm.
Accounts are more favorable, and the crop is developing PORT RECEIPTS FROM
SATURDAY, JULY 20, ’78, TO FRIDAY, JULY 26, ’78*
promisingly. The weather has been terribly hot, the thermometer
ranging from 72 to 102, and averaging 85.
D’ys New
Wil¬
Dallas, Texas.—The weather throughout the week
Mo¬
Char¬ Savan¬ Galof
Or¬
Nor¬
All
has been
Total.
ming¬
bile.
dry and very hot. Good progress is
leston. nah. vest’n. folk.
we’k leans.
others.
ton.
being
made
in
ifields of weeds, and
clearing
the
crops are doing remarkably well. Some little
Sat..
150
19
24
4
andlias been thrown out
103
124
15
38
477
..

'

.

in consequence of the rains
and

inability
work, but the reported damage to the
crop was exaggerated.
Average thermometer 86, highest 101 and lowest 73.
Brenham, Texas.—We have had rain on four
days this week,
showers, the rainfall reaching one inch and
sixty hundredths.
There is still some talk of
caterpillars, but no serious damage has
been done^
to




although much damage is feared unless

we

have dry

Mon

107

71

123

284

40

129

2

16

Tues

220

18

30

105

32

56

26

2

489

Wed

186

17

GO

244

73

60

7

64

711

Thur

18

63

18

60

Fri..

157

85

208

127

23

Tot’l

838

210

508

782

331

m

m

m

.

,

•

;

772

98

g

243

508

si

20

428

1,129

548

78

791

4,086

Jolt 27,
\0>

101

CHRONICLE,

THE

1878.J

—

' "

The movement each

It will

month since Sept. 1 has been as follows:

we

Year

Monthly
Receipts.

January
February.

98,491
578,533
822,493
900,119
689,610
472,054

March...

340,525

April
May

197,965
96,314
42,142

■Sept’mb’r
October..
Novemb’r
Decemb’r
.

..

..

June

Tot. Je.30 4,238,246

236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194

610,316
740,116
821,177

68,939

637,067
479,801
300,128
163,593
92,600

36,030

42,234

115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
59,501

134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010

169,077

1872.

184,744
444,003
530,153

524,975
569,430
462,552
309,307
218,879
173,693
72,602

3,939,755 4,056,109 3,456,872 3,736,741 3,490,338

Perc’tage of tot. port
receipts June 30..

95-59

98-22

98-85

96-78

97*56

to July 1 the receipts at the
298,491 bales more than in 1876 and 182,137
bales more than at the same time in 1875. By adding to the
above totals to July 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for the
This

statement shows that up

ports this year were

different years.
**

1876-77.

1877-78.

1873-74.

1874-75.

1875-76.

to interpret more correctly these first arrivals if
Fayette County lies just north of Lavaca, and

Lavaca north of De Witt.

1873.

1874.

1875.

us

-

Begirmin,? September 1.

1876.

1877.

help

remember that

1872-73.

4,238,246 3,939,755 4,056,109 3,456,872 3,736,741 3,490,338
486
3,684
S.
1,456
948
1,073
July 1....
“
543
806
S.
3,851
970
2....
1,541
<4
650
3,572
1,315
3....
2,518
1,864
1,176
726
S.
3,890
848
761
1,009
4....
“
S.
668
2,272
367
2,067
5....
1,163
“
S.
780
961
914
3,201
6....
840
“
656
1,289
4,539
7....
S.
849
1,184
Tot.Je.30.

-

-

“

•

s

Cotton—Our telegrams to-day bring*
of the arrival of a first bale of Georgia cotton. A cor¬

New Bale of Georgia
us news

respondent at Albany telegraphs us that Messrs. WelchJ& Bacon, of
Albany, received this bale July 25, from Primus Jones, Baker
County, Georgia, and that it was sold at 18 cents. On the same
day, a new bale was also received from Americus. Last y6ar
Macon received a first bale August 3, Savannah August 7, and
Columbus Georgia August 11.
Possibilities of the Crop.—In giving our acreage report, we
furnished the means for an easy estimate, by any reader, of the
possibilities of the crop on our 'figures of acreage. It did not
seem to us necessary then to work out the result, and, conse¬
quently, that was omitted, as our review had already grown to an
unusual length.
We have been surprised, however, to find our¬
selves quoted in several influential quarters as stating or estimat¬
ing that the limit of the acreage planted this year was a crop of
4,750,000 bales. Any one who will take the trouble to turn back to
the report will see that it was the crop now being marketed which
we estimated at that figure, and that we omitted to give any total
for the possibilities of the crop now growing.
As, however, we
"have been so many times misquoted on the point, it may be worth
while to set out what is the most and the least which could be

the acreage planted, according to our figures. First,
the product per acre in each State
for previous years.
The crop now being marketed cannot, of
course, be included until after the 1st of September.

produced
we

on

repeat the table showing

*

452

3,045

“

8....

930

“

9....

1,013

815

“

10....

796

798

1,128

“

11....

674

634

694

“

12....

1,034

479

1,485

465

«

13....

346

726

629

439

758

1,282

1,205

“

S.

14....

“

S.

872
S.

325

978

S.

834

15....

653

S.

16....

563

364

“

17....

793

572

“

18....

613

839

1,468
1,247

«

679

S.

237
S.

633

415

1,094

489

20....

477

996

567

326

1,339

~

21....

239

1,338

614

521

874

S.

«

22....

772

•“

23....

489

572

«

24....

711

603

1,795

«

25....

508

621

915

26....

1,129

314

906

S.

3,962
2,274
3,619
2,201
3,649
2,948

S.

19....

703

790

545

901

301

870

S.

S.

3,109
2,260
3,281
2,799
3,284
3,674

402

8.

354

STATES.

S.

1,731
1,042
1,507
1,187
1,527
1,181

“

Pounds per

3,074
2,665

8.

“

S.

4,248
2,931
3,183

1,505
1,006
1,782
1,323

j

statement

received July 26 in

each of the

years

new

cotton

weighed 686 lbs.
It was consigned to Messrs. Kauffman &
Runge, of Galveston, and bid in by them at 16c. and shipped to
Messrs. Walter & Krohn, of this city.
It arrived here Tuesday,
July 23, and was sold at auction for 20c., the purchasers being
Messrs. Staber, Hoyt & 6o., by whom it was shipped to Liver¬
pool. First arrivals of cotton at Galveston previous years have
been

as

follows:
1874.

18:5.

1376.

1877.

1878.

First bale from

Brownsville..

*

Passed

115

Georgia

129

139

101

152

Florida

109

117

110

165

165

122

173

140

Alabama

130

143

127

140

151

155

180

154

Mississippi

146

155

129

156

167

146

172

134

Louisiana

209

229

199

204

226

181

240

203

Texas

246

234

200

220

231

140

195

157

Arkansas

238

260

185

194

227

159

260

198

Tennessee

184

202

100

188

190

171

213

184

171

177

154

169

177

147

191

158

Total

Using then these figures of production and this year’s acreage,
following will show what would be the crop if the

season

State

should be

successful in each State

as

the best in that

during the record
should be

as

we give, and also what it would be if the
unsuccessful as the worst in each £tate; in

other words, if the acreage
the

as

possible limits of the

is correct the table belowr represents

crop.

POSSIBLE CROP W ITH PRESENT ACREAGE ON THE BASIS OF

1878-79.
States.

Actual

acre¬

age.

pro- pei-j

Best duct acre. Pos ible icfrop calon¬l ditons faar-e vor’ble.

1

N.Car’lina

588,764

S. Car’lina

938,448
1,693,251

Georgia

..

Florida...

Tennessee

220,500
2,060,604
2,075,590
1,285,250
1,559,814
1,121,670
725,200

Total..

12.269,121

Alabama.

Miss ’sippi
Louisiana
Texas

....

Poorest Yield from 18 69 to ’77-

1878-79.
Actual acre¬
age.

|

223

298,396
390,309
584,941
86,696
842,974
811,367
701,045
872,094

183
152

173
180
172

240

|

per

588,764

163

938,448
1,693,251
220,500
2,060,604
2,075,59u

136

260

662,805

213

351,062

1,285,250
1,559,844
1,121,670
725,200

201

5,601,689

12,269,121

246

Porest product acre. Posible icfrop con¬ ditons unf’vr- able,
all

100

218,110
290,065
388,67ft
54,623
594,765
608,525
528,705
496,314
405,330.
164,818

134

3,749,933

101

109

127
129

181
140
159

these tables we Lave estimated the bale at 410 lb3. net.
Of course such a combination of conditions throughout

OP
July 10.

First other bale July 23.
De Witt
■Where from..

.j

160

177

122

Arkansas.

1873.

204

170

109

men¬

telegram of last week from Galveston, appears,
according to the.Galveston JVeics, to have been received at that
point from L. E. Newhaus, Hackberry, Lavaca County, and

223

153

Best Yield from 1869 to 1877.

our

171

140

148

named.

New Bale at Galveston.—The bale of
tioned in

176

133

season

This

|

194

South Caroliua

shows that the receipts since Sept. 1 up to
to-night are now 300,536 bales more than they were to the same
day of the month in 1877, and 174,648 bales more than they
were to the same day of the month in 1876.
We add to the last
table the percentages of total port receipts which had been

..

1

1

203

136

the

..

i

185

183

4,256,419 3,955,883 4,081,773 3,471,907 3,764,148 3,565,307
Percentage of total
97-96
97-39
99-28
98-94
97-64
port receipts
Total

1876- . 1875-6. •ei^8 1873-4. 1872-3. 187-2. 1870-1. 1869-70.

163

North Carolina

Acre.

County.

July

9.

Ju y 23.
De Witt

County.

July 16.
July 17.

J uly
July

De Witt

De Witt

Galveston

Lavaca

County.

County.

County.

County/

through New Orleans at this date.

All these bales which

from De Witt

7.
9.

July 13.
Aug. 1.

June30*

July 17.

the
contingency supposes could scarcely
And yet the table is very useful, for as the season

whole cotton belt

happen.

as

either

advances the reader has before him the best each State has pro¬

duced, and

can

apply to

each the variations from

a

perfect

County were shipped season which his information
requires him to make for that
by a Mrs. Haussman of that county. The above record, as a
State; in this way he may always have the material for a fair
whole, is a very imperfect indication of the forwardness of the
judgment.
crop from year to year, and yet we think the comparison of this
Ellison & Co/s Cotton Report for June.—We are in
year with last year may be taken as very nearly representing the
receipt of Messrs. Ellison & Co.’s repqrt for June, dated July 8,
*late of the maturity for the two seasons for the lower half of
and make the following extracts from it:
Texas.
A further indication of the comparatively early condition
The deliveries to English and Continental consumers during the
•of the crop in that section is a first bale received at St. Louis on. first nine months of the
season have been as follows, compared,
£he 20tli of July from Schulenburgh, Fayette County, Texas. with, the figures for the corresponding months of last season;



were

102

THE CHRONICLE.
*

,—

Great Biitain.
1877-8.
1876-7.

—Continent.
1877-8.
1876-7.

,

,

Number of bales

2,115,859
2,426,060
Average weight (lbs).,
425
40">
Total weight (lbs ).... 899,236,250
982,554,300
To this year’s deliveries to English

2,001,410

.

1,771,170

424

407

848,597,840

720.866,190

spinners must be added
4,345,000 lbs. for error discovered in the stock of Surats, as
explained in a previous report, making the total deliveries for the
nine months 903,581,250 lbs.
In our last report we estimated the consumption of Great
Britain during the first eight months of the season (allowing for
the “ strike” and the Easter Holidays) at a total of 788,400,000
lbs.. Last month the consumption in the first fortnight was probably
at the rate of 52,000 bales of 400 lbs. per week
(or the same as the
previous five weeks) and the second fortnight about 58,000 bales
of 400 lbs per week.
The strike was over, but all the mills had
not got fairly to work.
The average rate of consumption for the
four weeks was, therefore* about 55,000 bales, or a total of
220,000 bales of 400 lbs., equal to 88,000,000 lbs., which, added
to the 788,400,000 lbs. consumed in the previous
eight months,
gives a total of 876,400,000 lbs. for the nine months. Last season
the consumption in June was at the rate of about 24,520,000 lbs.
per week, or 98,080,000 lbs. for four weeks, which, added to
864,900,000 lbs. consumed in the previous eight months, gave a
total of 962,980,000 lbs. for nine months, against 876,400,000
lbs.
this season.
The rate of

These

[Vol. XXVII

•

the

figures of W. Nicol & Go., of Bombay, and
brought down to Thursday, July 25:
are

Shipments this week
Great
Brit’n.
1878 6,000
1877 11,000
1876 1,000

Conti¬
nent.

Shipments since Jan. 1.
Great

Conti¬

Total. Britain.

Receipts.
This
Week.

Total.

nent.

3,000 9,000 284,000 377,000
3,000 14,000 370,000 398,000
9,000 10,000 530,000 353,000

are

661,000
768,000
883,000

Since
Jan. 1.

4,000
4,000
3,000

837,000
984,000
980,000

From the

foregoing it would appear that, compared with last
there has been a decrease of 5,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 107,000
bales,
compared with the corresponding period of 1877.
Gunny Bags, Bagging, &c.—Bagging has been in rather less
demand during the past week, and the market is
ruling very
quiet. There is but little inquiry for round lots, and even for
small parcels buyers are scarce.
The feeling as to prices is still
firm, however, and'holders are quoting 10£@llc. for light, and
ll£@llfc. for standard weight.
Butts are also quiet, though
small parcels continue to move to a fair extent. There is no
inquiry for large parcels, and buyers are not disposed to lay in
stock, preferring to buy as they require. Prices are ruling steady
in tone, and 2 ll-16(a2|c. are still the
figures.
year,

The Exports of Cotton from New York this week show

an

consumption on the Continent last season was increase, as
compared with last week, the total reaching 3,318
equal to about 18,844,000 lbs. (47,100 bales of 400 lbs.) per week,
bales, against 1,549 bales last week. Below we give our usual
or 734,916,000 for
thirty-nine weeks.
The consumption last table
showing the exports of cotton from New York, and their
month averaged about 47,000 bales of 400 lbs.
per week, or a
total of 75,200,000 lbs. in the four weeks, which, added to the direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
640,000,000 lbs. consumed in the first eight months of the season, for the same
period of the previous year:
bring up the total for the nine months to 715,200,000 lbs., against
Exports
of CottonCbales) from New York since Sent. 1, 1877
734,916,000 lbs. last season.
On the basis of the foregoing calculations, the movements have
WEEK ending
Same
been as follows this season compared with last. The stock on hand
Total
period
BXPOBTXD TO
1st October is the surplus shown in our Autumn Annual
to
prev'us
/

Great Britain.
1877 8.
1876-7.

Surplus stock, 1st Oct... lbs. 13,800,000

Deliveries to June 27

Supply
Consumption, 39 weeks

Continent-

>

1877-8.

Other British Ports

917.381.250

991,072,300
982,981,000

853,965,840
715,200,000

786.097,190
734,916,000

Total to Gt. Britain

2,081

138,765,840
347,000

51,181,190
128,000

Havre
Other French ports..

3,300

28,692,300
70,000

the Continent, we may repeat what was stated last
month, namely, that nearly the whole of the excess over last year
(218,000 bales) is in Russia and the ports of the Baltic.
The position of the market remains pretty much as it stood a
month since, except that we are one month nearer the new crop
and consequently one month nearer the end of the period of threat¬
ened scarcity. No more cotton has come to light than was foreseen
ten to twelve weeks ago ; but the economy occasioned
by the
strike has greatly diminished the strength of the figures, and led
to the adoption of more moderate views with
regard to the proba¬
ble future course of prices; particularly as the state of trade in
Manchester (spite of the reduced out-turn of goods) has all
along
been, and still remains, most disappointing.
Unquestionably, the supply of cotton available for the remain¬
der of the season is not sufficient for a full rate of consumption,
without reducing the stock in Liverpool to so low a
figure as
would inevitably lead to an important rise in prices ; but if the
present reduced rate of consumption is maintained, and if spin¬
ners fall back upon their
surplus stocks, it may be that the
period of semi-scarcity will pass by without witnessing any seri¬
on

advance in values.
Much will depend upon the course of business in Manchester,
and still more upon the accounts received from week to week
ous

respecting the condition and prospects of the American crop.
Any marked increase in the demand for yarns and goods, or any
serious mishap to the cotton crop, would
change the entire aspect
of the market.
All that can be said at present is that the situa¬
tion is somewhat critical, and that the balance of chances leans
sufficiently against a decline, to make spinners very cautious
about taking orders in Manchester, without
immediately buying
cotton to cover.

Error.—Last week, in

giving and inter¬

preting the report of the Agricultural Bureau,

we

remarked

as

follows:
now we were

according to

to add to tha above the

our acreage report,

the first of June was for
bales in excess of last year.”
on

an

changes in acreage
it would show that the prospect
increased crop of over 750,000

13

2,081

65,231,000
720,866,190

The total surplus for Europe is 449,000 bales, against 198,000
bales last year ; an excess of 251,000 bales. Against this there is a
reduction of 637,000 bales in the visible supply, so that the
quantity
of cotton in the ports, at the mills, or afloat, at the end of June
was about 386,000 bales less than a
year previously.
In reference to the surplus stock held at the mills and interior

“If

Liverpool

5,368,000

102,000

....

figures in this sentence should have been printed ‘ ‘ over
450,000 bales” instead of “over 750,000 bales;”—the actual result
of our compilation showing an increase of 474,930 bales.
We
regret the error, but believe it could not have misled many, as
the means for testing the statement were given in the item.
Bombay

Shipments.—According to our cable despatch received
day, there have been 6,000 bales shipped from Bombay to
Great Britain the past week aDd 3,000 bales to the
Continent;
while the receipts at Bombay during this week have been 4,000
bales. Tbfc movement since the 1st of January is as follows.



July

17.

24.

1,250

3,318

v

75

....

13

•

1,325

date.

year.

Total French

•

Total to N. Europe.

•

•

224

•

•

•

•

•

•

•

373,492

9,326

9,033

....

.

....

....

....

....

....

700

200

.

.

9,441

9,038

20,718
4,986

15,029

19.296

6,171

44,910

24,076

•

•

Bp£in,Oporto&Gibraltar&c

.

2,878

2,890

....

ail others

•

•

•

(aa

,

•

.

2', 398

1

...

750
"

Total

Spain, Sec

....

Grand Total

The

324,762
115

200

....

Other ports

388,058
35,434

...

....

700

Hamburg

5,767

224

3,300

Bremen and Hanover

319,005

•

•

•

3,318

...

.

following

....

6,081

1,549

213

2,398

3,640

331.511

410,248

....

....

3,318

receipts of cotton at New York, Boston,

are the

Philadelphia and Baltimore for the past week, and since Sept. 1/77:
FHILADBLP’ IA

BOSTON.

NEW YORK.

BALTIMORE.

rece’tsprom
Since

This

week.
New Orleans..
Texas
Savannah
Mobile
Florida
3’tb Carolina
S’th Carolina.

flrginia
Sorth’rn Ports

Tennessee, &c
Foreign..
...

2,129
623
296

This

201,499
85,178
145,713
©

.

&

366

....

103
5

109,005
51,946
162,372

13,993
143,041

5,285

19,148
8,310
30,755

Since

This

....

....

514

3,246

...

5,092
213
19
142

This

Since

Since

8ept. 1. week. Septl. week. 8ept.l. week. Septl

•

•

•

4,660

.

•

....

.

....

.

.

.

.

56,046

190

24,772

•

.

.

-

•

*

•

2,792
914

...

...

10

.

....

.

59,968

16

.

•

....

....

....

•

19,869

....

19,171

1
401

....

127

17

17

...

....

1,033 105,928
416 109,983

-

42,709

•

•

-

44,673
....

.

9,730

....

....

....

....

‘

Total this year

3,530

927,324

1,842 341,061

Total last year.

4,983

919,412

1,478 341,029

641

72,157

592

149,469

1,026 63,502

734

121,689

News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
7,874 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle, last Friday. With regard to New York, v e
Include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bale8
shipping

States the

Spain, 90
Bothnia, 609....
Baltic, 517
Wyoming, 1,506
City of Limerick, 5*6
New Orleans—To Liverpool, per steamer Teutonii, 4,126
To Bremen, per ship Scioto, 68
Baltimore—To Liveipool, per steamer Hibernian, 325
Boston—To Liverpaol, per steamer Illyrian, 37

New York—To Liverpool, per steamers

—

3,318

..

Total

The
are as

r

4,126
68
325
37
7,874

particulars of these shipments, arranged in our usual form
follows:
Liverpool.
3,318
4,126

The

to

July

1876-7.

848,597,840

40,995,250

of an

10

8,5! 8,000

Surplus stock, June 27..

Correction

July

3.

982,554,300

876,4X1,000

depots

July

,

903,581,250

....

Bales of 400 lbs

,

New York
New Orleans
Baltimore
Boston

325
37

7,806

Total...

Bremen.

Total.

....

68
....

....

68

4,194
325
ST

7,874

give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Corbova, str., (Br.) from New Orleans, before reported, arrived at Liverpool
July 9, and reports: On Jane 14, when six days out, in lat,33 N., ion.
76 w., broke crank shaft; on the 19to, after five days work, succeeded
in repairing sufficiently to go slowly ahead, and proceeded on our
Below

we

ropqera

urit.h

frpnnPTit.

!

Oil

the 28th. ill l&t. 42 Nf. lOD* 46 W•

July 27,

THE

1878. j

103

CHRONICLE.

Queen. She towed us three days August and September have been oversold, and speculation
shaft, when we proceeded again has been stimulated by bad crop accounts and by the poor condi¬
actiDg as consort, and reached tion in which much of the new winter wh£at has been garnered.

fell in with company’s steamer Fire
while we were ewengthening our jury
under our own steam, the Fire Queen

Liverpool in safety,

July 9.

for Liverpool, at Queenstown, July 17,
inst.; temporary repairs were made,
but she was unable.to steam more than six knots an hoar.
St. Cloud, ship, (Br.) at Liverpool, from New Orleans, before reported, took
fire morning of July 10. She was scuttled; cargo discharged between
decks. About 2,8)6 bales of cotton had been landed. Remainder on
board damaged by fresh water pumped into the vessel.
St. Michel, brig.—Bark Fritz v’d Lamken, at Hamburg, July 8, from Wil¬
mington, reports that ou June 6, in lat. 37 N., Ion. 64 W.. passed a vessel
dismasted and abandoned, and with spirs adrift alongside; she had on
her stern the name, “St. Michel, Chatham, N. B.”
Cotton freights the past week have been as follows:
Liverpool.
^-Hamburp—>
, ,—Havre.—. ,—Bremen.—,
Steam. Sail. Steam. Sail. Steam. Sail,
Steam.
Sail.
d.
d.
c.
c.
c.
c.
c.
c.
Saturday.
®^ 15-64 c^mp.
X cp. —®?f 11-16 comp. A X comp. —
15-64 comp. X cp. — ®% 11-16 comD. A A. comp. —
Monday.. —@!^
Tuesday. —(&%
15-64 comp.
X cp. —11-16 comp. A % comp. —
Wed’day. —®£
15-64 comp.
% cp. —®>f U-16 comp. A
comp. —
Thursday —15-64 comp.
A cp. —®% 11-16 comp.
A comp. —
Friday.... —<&A 15-64 comp.
% cp. —&X 11-16 comp. A X comp. —
Liverpool, July 26—4 P. M.—By Cable fro^i Liver¬
pool.—Estimated sales of the day were 15,000 bales, of which
5,000 bales were for export and speculation. Of to-day's sales

Montana, str , (Br) from New York
broke her main crank on the 8th

large sales on Tuesday and Wednesday of spring
wheat, at $1 05@1 07 on the spot, with some business for August
at $1 02: and No. 2 red .winter, at $1 11@1 14 on the spot and for
July, $1 05(5)1 06 for August, and $1 04@1 05 for September.
The weather has latterly been favorable to spring wheat, but
there is little doubt that the injuries it has received from various
causes
will materially affect the abundant yield which was

There

,

—

6,800 bales were

American.

follows:

The weekly movement is
July 5.

bales.

Sales of the week

Forwarded
Sales American
Of which exporters

took

....

Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
The

following table will show

86,000
4,000

51,000
3,000
42,000
2,000
7,000
800,000
627,000
30,000

70,000
4,000
53,000
2,000
10,000
782,000
615,000
48,000

16,000
3,000
203,000

168,000

59,000

4,000
15,000
709,000
566,000
3,000
2,000
4,000
185,000
45,000

38,000
4,000
44,000

78,000

Saturd’y. Monday. Tuesday. Wedn’sdy

./a)61o,
Mid. Upl’ds
Mid. Orl’ns. ..."5)658
..

..."2)658

Futures.
These sales are on

...'@612
..."2)658

...@6*2
..."3)658

Aug.-Sept

6IB32 Aug.-Sept

Oct.-Nov

"2>612
."3)658

—

"3)69ig

..."3)6U16

unless

Sept.-Oct

6%

Shipment.

6*>i6

6716

Oct.-Nov

Sept.-Oct

6*2

Wednesday.

Delivery.

July

Aug.-Sept
July-Aug..

.

Shipments.

Delivery.

61532 Sept.-Oct
tfis32 Oct.-Nov
6I&32

6 is

6716

I

I

Nov.-Dee., sail... 6^16
Jan.-Feb., n. crop,
sail
6616

July-Aug
Aug.-Sept
Sept.-Oct
Oct.-Nov

..6I632
6I032
6 *2 "5)1732
6716

Shipments.
Delivery.
Sept.-Oct
6*$ 1 Sept.-Oct., Orleans,
Aug.-Sept
...6 ^ I low mid. clause,
sail omitted....69l6
Oct.-Nov...
6I&32
Nov.-Dee
.'...6H30 I Nov.-Dee., n.cp,s’l 65i6

do XX and XXX
do winter X and XX...
do Minnesota patents..

Aug.-Sept
Sept.-Oct
Nov.-Dee

Dec.-Jan

July-Aug
6*2®17 32 Aug.-Sept
61732®9ie Sept.-Oct.
Oct.-Nov
6%
6^0

61332

Oct.-Nov., n. crop,

4 S5® 6 25
4 40® 4 75
2 80® 3 30
Corn meal—Western,&c. 2 25® 2 60
Corn meal—Br’wine, &c. 2 9 J® 2 95

sail

r—RECEIPTS AT NEW

1878.

Nov.-Dee., sail

63s

Flour, bbls.
&(

C.meal,
Wheat, bus.
Corn.

Rye,
Barley,
Oats,

BREADSTUFF8.
Friday. P. M

The flour market

has been fairly active

♦
,

July 26, 1878.

44

Western

YORK.—*
Same
time
1877.

136,085
4,759
115,002
664,352 25,357,285 2,830,715
731,030 19,411,037 14,201,173
378,337
27,449 1,932,125

*51,621 *2.562,473 *2,030,245
327,110 6,474,346 5,067,516

ii
U

.

/
/—

48

50

56

61

66

85
38

87
65
75

77®
58®
68®

42
92

40®

feeding

77®

Peas—Canada boud&free

2,1)9,1.78 1,4)4,469

67,9>0

this market has been as
EXPORTS
PROM NEW—1£
YORK.
77.
78.
IS1

For the

week.
48 0)4

,

1,387,455
6.392
123,5)3
834,6 3 24,452,635
931,936 15,820,610
54,636 2,314.128
1,508,698
95,381 1,439,078
•

•

•

*
,

1—

Since
Jan. 1.

•

For the

week.
15.221

2,8S7

Since
Jan. 1.

628,149
131,360

155 531 4,690.019
831,132 12.443.007
767,324
24,903

80,111
2,795

623,191
92,848

Including malt.

RECEIPTS AT LAKE
JULY

for export and home

have generally ruled firm. Some choice
grades, fresh ground, from old wheat, have brought rather more
money, but flours from new winter wheat were more plenty, and,
being pressed for sale went off at low and irregular prices, good
to choice brands of Southern of this sort selling at $4 50@$5 25,
or fully 50c. below corresponding grades from old wheat.
The
regular shipping extras were not materially higher, but very few
low extras could be had at 44. and favorite West India brands
generally brought more than $5. Rye flour in good demand and
firm, and corn meal has advanced.
To-day, the market waB quiet

U

v

Since
Jan. 1.

week.

6H32

1 00® 1 16
1 15® i 28
49
45®

Barley—Canada West....
State, 2-rowed
State, 4-rowed

in breadstuff's at

The movement
follows:
For the

69i*
69ig Nov.-Dee., n.crop,
sail
6ii 32
6i»32
6 is

.

shipp’g extras.
Rye flour, superfine

Shipments.

Delivery.

4
6
6
7

mily brands

,

Nov.-Dee

00®
40®
25®
50®

bakers’ and fa¬

Southern

Friday.

Delivery.
July
6^
July-Aug
6L2'S>i'732

1 09® 1 11
1 12® 1 14

spring
spring,..*..

Red Winter
White

Southern

Thursday.

Delivery.

No. 2
No. 1

mixed
30 Corn—West’n
do steamer grad e. 47^®
00
Southern yellow........
48®
00
Southern white
53®
50 Rye—Western
59®
City shipping extras
4 10® 5 25
State
63®
City trade and family
Oats—Mixed
31®
brands
5 25® 5 85
White
33®

4
4
4
5

extras

I

40® 3 15

4 05® 4 25

Wheat

Grain.

Wheat—No.3 spring.bush $1 CO® 1 05

3 40® 3 90

ern

6D32

Nov.-Dee

i>bl. $2
West-"

$

.......

Superfine State &
Extra State, &c
Western Spring

I

closing quotations :

Flour

Delivery.

Feb.-Mar

store; but yester¬
market was quiet,
and 344@34fc. for

white.

No. 2

6516

sail

sold for August at 60c.

about steady, a line of

40,000 bushels No. 2 Chicago selling at 33c. in
day there was an advance of lc. To-day, the
No. 2 graded closing at 34@344c. for mixed
The following are

Nov.-Dec., n. crop,

61532
6i532
6I&32

Delivery.

6l532

Aug.-Sept

quieter, but No. 2 Western

moderately active, and prices

OatB were

6is

Tuesday.

Delivery.

lost.

ment was

Delivei'y.

Delivery.
Nov.-Dee...,

6hj
Sept
6*2
July
6*2
^-61732 July-Aug

Aug.-Sept
Sept. Oct

..

Shipment. d.
Nov.-Dee.,n. crop,
sail
65ie

Monday.

July
July-Aug

somewhat depressed early in the week, but
Wednesday when the statistics of the
week revealed the facts that not only the visible supplies
but receipts at the principal markets of the West were much
smaller than last year. There was a large business in No. 2
mixed at 484@48fc. for July and August and 49£@49|c. for Sep¬
tember. Yesterday there was a further advance, with an active

advanced smartly on

Saturday.

Delivery.

August.

Indian corn was

cotton for the speculation, steamer selling at 48c. for August and 49c. for Sep¬
tember, and No. 2 at 49c. for August and 50c. for September.
Thursd’y Friday.
To-day, the market was quiet, and most of yesterday's improve¬

Low Middling clause,

d. |
Delivery.
d. |
6*2
6I632 Sept. Oct
61632 I Oct.-Nov
6i532/s>716 |

Delivery.

July-Aug

57,000

for

Rye has been

the basis of Uplands,

otherwise stated.

66,000
3,000
45,000
4,000
9,000
663,000
526,000
13,000
3,000
4,000
194,000

promised one month ago. From California, however, accounts
are very favorable, and there is little
doubt that, taking the
whole United States together, the surplus for export will be
little, if any, less for the coming season than there has been for
the present. We shall not enter upon the next season with the
absolutely bare granaries of one year ago. Yesterday, No. 2
Chicago sold at $1 07, but No. 2 red winter was easier at $1 11@
$1 13. Futures, however^showed a general advance, with large
sales, including No. 2 spring for August, at $1 04(5)1 044, and
No. 2 red winter at $1 08(5)1 084 *or August and $1 06 for Sep¬
tember. To-day, spots opened rather firmer but closed flat, and
futures lost the improvement of yesterday, under weas accounts
from the West.
After 'Change, No. 2 red winter sold at $1 06

the daily closing prices of

week:

Spot.

July 26.

July 19.

July 12.

given as

were

consumption, and prices

AT—

....

2,958
13,020

....

—

9,500

80,423 1,480,783 2,102,0*4
84,843
891.849 1,632,432
76,882 789,092 2,911,926

6S7,9e3
497,241

17,530
17,771

42,660
29,606

3,463
1,999

19.511

St. Louis
Peoria
Dnlutn

1,080

250,513 1,714,873
45 2,>50
9,330
256,893 161,678
3,744
77,661
10,000
17,550
432,266
35,260
1,100 159,650

458,308

....

Total

week....

Corresp’ng week,’77 .

bush

(56 lbs.)

21,726
4,956‘

.

Cleveland

Rye.

5,050

32,483

Milwaukee

Previous

THE WEEK ENDING

59,200
17,853
4.S70
14,900
57,372
75,409

21,882

Chicago
Toledo
Detroit

AND RIVER PORTS FOR

20, 1878, FROM DECEMBER 31 TO JULY 20,
AND FROM AUGUST 1 TO JULY 20.
Wheat,
Corn,
Flour,
Oats, Barley,
bush.
bu*h.
bush.
bbls.
bush.
(196 lbs.) (60 lbs.) (5b lbO (32 lbs.) (481bs.)

371,324

2,980

—

17,224

....

37,019

8,707 23,S79
81,824 960,16) 1,533,521 407,276
and unchanged.
Tot.Dec.31 to July 20.3,080,489 32,136,411 59,310,809 13,971,358 2,891,252 1,997,369
2,185,662 9,658,005 40,493,828 10,399,995 2,701,93b 8)9,843
The wheat market has slightly improved for spring growths^ Sam j time 1877
Same time 1876
2,862,944 25,547,574 40.702,922 13,501,020 2,959.313 959,597
and in No. 2 red winter there was an important advance, with a Same time 1875
2,543,841 28,052,270 25,696,053 10,453,707 1,537,103 1,471,926
20.5,832,883 75,621,652 85,400,425 26,3S2,915 9,370.112 3,974,186
continuance of the wide disparity heretofore noted between Tot. Aug. 1 to July .4,844,353 39,060,990 79,442,739 21,445,782 8,474,786 2,817,192
Same time 1877...
deliveries in July and for the next two months; but in the Same time 1876... ...5,270,845 65,380,280 61,201,594 29,L3,652 7,645,911 2,168,447
Same time 1875... ...5,212,799 63,491,709 45,125,753 22,383,474 5,464,346 1,188,515
advance the latter have shared. There is a general belief that




Corresp’ng week,’76.,

.

THE

104

CHRONICLE! *

[VOL. XXVII,

this port during the week ending July
Great Britain, 655 packages; U. S.

23 to the following markets:
Colombia, 394; Hayti, 251;
Tot.D6C.3i to July 20.3,138,941 23,459,632 43,595,161 9,057,652 1,584,295 1,656,361
Same time 1877.. ....2,247,601 9,693,386 34,149,295 7,656,816 2,073,128
808,965 Argentine Republic, 164 ; Venezuela, 107; Cisplatine Republic,
Same time 1676
3,040,914 24,383,015 37,216,523 11,779,563 1,220,265 875,486 56; British West Indies, 49; and the remainder, in smaller lots,
Same time 1675
2,695,453 24,781,205 19,932,318 7,564,073
875,486 284,800
to other countries.
The cotton-goods market has had a steady
RAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
undertone, and the best corporation goods were held with more
AND RIVER PORTS.
firmness. Brown sheetings and drills met with fair sales, and
Week
Corn,
Rye,
Flour,
Wheat,
Oats,
Barley,
ending—
bbls.
bush.
bush. bleached shirtings and wide sheetings were a trifle more active.
bush.
bush
bush.
July 20, 1678
67,312
335,357
563,122
417,210
7,154
25,101
79,345
163,441
199,038
196,372
July 21, 1S77
8,023
16,221 Cotton flannels continued in good demand, and denims, ducks,
July 22, 1876
58,733
130,653
514,780
324,093
6,250
7,044 ticks,
stripes and corset jeans were severally in improved request
48,153
156,335
889,278
205,508
2,571
July 24, 1875
5,522
by
package buyers, who are availing themselves of water trans¬
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
portation. Grain bags were taken freely and all leading makes
WEEK ENDED JULY 29, 1878, AND FROM DEC. 31 TO JULY 20.
are in light supply. Print cloths were quiet but steady at 3 9*16c.,
Oats,
Barley,
Rye,
Flour,
Wheat,
Corn,
bush.
hush.
bu*h.
bush.
At—
bbls.
bash.
c., 30 days, for 64x64s, and 3 3-16c. to 3£c., cash, for 56x60s.
240
New York
289,134
796,850
602,!27
37,0.2 cash, to 8f
61,810
Boston
Medium and dark prints were in fair demand by Western and
203,660
81,2)0
5,100
55,200
24,268
Portland
1.500
1,510
5,500
1,200
Southwestern jobbers, and some makes of staple prints, were
693
600
Montreal
301,550
17,840
137,206
76,900
59,800
44,100
Philadelphia
8,740
1,300 advanced |c per yard by agents.
600
600
Baltimore
412,400
11,757
179,400
Domestic Woolen Goods.—Wool flannels continued in good
22,412
New Orleans
73,036
12,777
5,335
dematd at first hands, but sales of blankets were very light,
Total
439,699
5,!’4)
.39,932
138,392 1,233,568 1,643,396
because of the auction sales referred to above, which enabled
Previous week
131,602 1,025,750 1,475,634
363,118
32,543
5,350
1,540,181
275,336
101,645
15,566
360,611
108.0--8
Oorresp’ng week,’77.
buyers to supply their immediate wants. Men's-wear woolens
SHIPMENTS OP

FLOUR

AND

GRAIN FROM WESTERN

RIVER PORTS FROM DEC.

LAKE AND

31 TO JULY 20.

....

•

•

•

•

•

•

•

•

•

•

•

•

_

•

•

•

•

•

•

•

•

....

Tot.Dec.31 toJuly20.4,495,181 38,003,265 64,066,52S
Same time 1877
3,194,610 5,687,471 45,037,914
Same time 1876
4,986,901 24,767,317 48,776,454
Same time 1875
4,964,274 21,392,229 23,363,763
EXPORTS FROM

From—
New York
Boston
Portland
Montreal

...

10,933,051 2,402,332 2,505,300
9,215,103 1,971,435 639,394
13,126,348 1,977,219 8 3,195
9.354,363 309,449 141,835

SEABOARD

STATES

UNITED

MONTREAL

PORTS AND

FOR WEEK ENDED JULY

Oats,

Peas,

Rye,

Wheat,

Corn,

bbls.

bush.

bush.

bush.

bush.

47,956
7,889

823,310

836,678
233,987

95,385

62,904

89,102

6,331
910
5,811

Philadelphia
Baltimore

104,560
30,000
196,559

bush:

2,038
-

ICO

—

245,887
843,673
287,746

4,948
313
755

....

FROM

20, 1878.

Flour,

4

....

....

....

—

44,200

....

Total for week..
68,941 1,243,551 1,946,061
6 ,904
46,288
101,401
Previous week
68,744
988,340 1,875.584
181,755
88.923
13,105
Two weeks ago
940,036 1,513,679
67,950
77,928
67,162
125,310
From New Orleans, 3,814 bbls. flour, 52,818 bush, corn and J70,390 bush, rye;
from Montreal. 8 bush, barley.

Grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, and in transit by lake, canal and rail, July 20,
1878, was as follows :
The Visible Supply of

In Store
New York

at—

Buffalo

Corn,

Oats,

bush.

busb.

bu^h.

1,083,349

547,638
17,000
468,660
955,616
14,824

5!'5,418
18,500
1,378

136,*253

58.839

64,000
134,510

2,505
2',003

20,596
2,000

188.297

19,587

7,133

40,000
2,770

48,139

252,522

68,564

670

344

99,7*0
163,592

400

19,150

176,641
294,655
39,565
38,517
141,252
314,519
563,122

33,569

46,006
25,574

34,5 0

251,319

Chicago

486,944

Milwaukee.
Duluth (13th)
Toledo
Detroit

...

17,368
127,445
49,144

Oswego*
St. Louis
Boston
Toronto
Montreal (6th)....

~

47,040

Philadelphia
Peoria

—

71,286

Indianapolis

37,440

Kansas City

Baltimore
Rail shipments, week
Lake shipments, week
On canal

43S,920

335,357
-

488,000

4,403,725

Total...

4,425,357

July 13, 1878
July 6,1878

4,612,433

June 29, 1878
June 22, 1878

4,943,132
5,352,467

June 15, 1878
June 8, 1878
June 1, 1878

6,254,490
..

*

6,345,973
6 975,914

1,982,039

July 21, 1877

1,262,293
1,220,000

424,862

42,048

30,541

55,000

....

9,802
890

•

...

417,210
43,079
163,000

•

•

900

•

•

•

•

1,650

•

•

•

•

3,229

/

1,286

•

737

1,289

....

....

.

7,154

25,101
17,330
45,000

39,000

6,6)9,449 1,540,497 1,041,468
6,447,178 1,530,133 1.026,564
7,374,431 1,617,704 1,037,466
8,983,806 1,778,324 1,051,983
8,151,399 1,886.833 1,(44,832
8,707,025 2,003,698 1,041,766
10,357,648 2,203,207 1,103.514
10,398,338 2,487,356 1,^03,958
9,556,541 1,880,756
360,416

301,860
346,724
339,086
318,677
404,10i>

416,942
521,217
5*6,0 3

179,754

Estimated.

expected; hut there was a well-sustained demand
parcels of worsted coatings, and matelasse and
diagonal cloakings were in better request. Black cloths, doe¬
skins, castors and tricots were only in limited request, and prices
remained unchanged. Kentucky jeans were in steady demand,
and stocks have undergone a material reduction within the last
for moderate

fortnight—leading makes of heavy fine doeskins being now in
light supply and firm. Repellents were inactive, and transac¬
tions in linseys, dress plaids and shawls were of relatively little
importance. Worsted dress goods have received a little more
attention from distant
were

jobbers, and fair orders for future delivery

placed for staple fabrics by the general trade.

Foreign Goods.—There was

movement of

no

Ticking*.
Width. Price.

Amosk’gACA.
do ~
do
do
do

do 4*4
A..
B..
C..
D..
E.
F..
..

..

..

do

..

do

awning

Conestoga.“

Width. Price.
Cordis AAA.. 32
16
do
ACE. 32
17
do
No. 1. 32
17
do awning. ..
22-25
do
15
No. 2.
do
No. 3.
14
No. 4.
do
12*
No. 5. .:
10
do
do
No. 6.
10
do
No. 7.
9*
do
No. 8.
9*
Falls AAA
14

Width. Price.
Lancaster
4-4
20
do
7-8
16*
Methnen AA..
14*
do
ASA.
18
Minnehahi... .7-8
20
do
4-4
22*
Omega medal. 33 28
do
do
32
25
do
ACA.. 38
17
do
ACA.. 32
15
do A
36
15
Pearl River
16
Palmer
7*
Pemberton AA
14
do
B
12*
do
E
11
Swift River
8*
9
Thorndike A..
do
E..
9
Willow Br’k No 1
York AAA.... 32
18
do
16
..

..

..

11)4
10X

..

do
do

16
20
15
14
13

..

..

10

..

15#

..

..

...

..

..

..

18
17
16
15

do premA.4-4
do do
B.4-4
do
ex...4-4
do
ex.. 7-8
do Gld mdl4-4
do
CCA7-8
do
CT..4-4
do Penna/36
do
7-8
do
AA 7-8
do
FF
do
E....7-8

..

do
do

15
12*

13*
12
m

m

+

m

10

17

AA..
BB

...

..

A
do
Hamilton BT..
do
TT
do
D
Lewiston A... 36
do
A.... 32
do
A.... 30
...

..

..

.

..

13
12
10

...

..

1**
13*
10*

..

18
15

13*

9

Stripes.

The trade movement has been

irregular the past week, and
with the exception of flannels and Kentucky

jeans, ruled quiet, there was a perceptible improvement in the
demand for staple cotton goods and prints by package buyers,
and hosiery, underwear and fancy-knit woolens were in better
request by distant jobbers. The jobbing trade remained quiet,
though some of the larger houses were enabled to report a fair
distribution of seasonable fabrics in

execution of orders.

9-10

A

Century

11*
Wi

Amoskeag

Friday, P. M., July 26,1878.

do
fancy
Bates Cheviot..
Belm’nt Chev’t

11*
•

•

•

•

heavy

•

•

Otis BB

•

10*
12*
11*

Massabesic

11

....

1

'

16*

Amoskeag

do
AM.
Boston
Beaver Cr,AA.
BB.
do
do
CC.

15
8

Columb’n h’ybro
do XXX brn

15
15

13*
12

10*4

Denims.
Carlton
Everett
Lewiston
Otis AXA.i...
do BB
doCC..
Pearl River..
Palmer
.

Domestic Cotton Goods.—The export

demand for cotton goods
has been fair, and 1821 packages of domestics were shipped from

8* I Ind. Orch.Imp..
do

9

6*
6*
8
»

.

.

.

.

Mohawk,..

10

8*-9*
10-11
10
9

Thorndike A..
Uncasv’e UCA.
York
13* Warren AX A.,
do
BB....
11*
do
CC.
ion
Gold Medal.«.
16

10*
12*

....

16

13*
11*

10*
9*

..

9

Haymaker....

•

•

•

sat....

Kearsarge, sat...
do brwn&blk
Laconia
Manchester

7*

I
9
1
9*1

....

9

Naumkeag sat..
Newmarket

0 m

Pepperell, blea,.
do

sat...

8*1 Rockport

m

7*

Suflolk

8

m

9*
9*
•

•

•

•

.

Amoskeag;

n. s...

11 *

Corset Jeans.

Bates
Gloucester,

do
B....
Uncasville A...
do
UCA.
Whittenton AA
do
B...

16
20

.......

prices.

9*
12*

Park Mills Ch’t.
Thorndike A....

8*

Hamilcon
Lew’n AA.Chev.
do
A....

33

Century

27

Columbian
Everett Cheviot
do

8
14

Clarendon do
Creedmoor do
Cherwell
do

large trade sale of about 6,000 cases of blankets was made on the
23rd inst, by order of Messrs. Wbittemore, Peet, Post & Co.,
Amoskeag
agents for the products of the Clinton Mills Co., Norwich Woolen Androscog’n sat.
River....
Co., Waumbeck Co., Wintbrop Mills Co. and Norway Plains Co., Canoe
Clarendon
and on the following day over 1,500 packages of white and Hallowell Imp..
brown
do
colored blankets were disposed of at public sale, by order of the Hamilton
treasurer of the * Saxonville Mills.
Both sales were largely
A lnmaripp
attended, and all the goods were closed out, but at very low




importance in

class of foreign goods.

American

THE DRY GOODS TAADE.

while woolen goods,

animation, and fancy cassimeres and overcoatings Were

less active than

any
Small lots of seasonable fabrics were
distributed to a moderate aggregate in execution of orders, bat
personal selections were meagre, as usual at this time of year,
Barley,
Rye,
when
bush.
bush.
importers are not prepared to show their new importations
197,552
86,934 of fall
goods. Hamburg embroideries and a few other specialties
33,000
32,700
13,178
9,046 were, however, taken in fair quantities by manufacturers, who
256.565
29,584
Prices of
4,621 are about making preparations for the autumn trade.
360,303
the most staple fabrics were steady and unchanged. „
V ■;
*525
*328
We annex prices of a few articles of domestic dry goods:

Wheat,

809

Albany

lacked

.

Domestic Ginghams.
Baird.
Miami.,
Belfast
9* Lar caster..../...... 9
Namaske
9
8* Shirley
Plnnkett
9
White Mfg Co
9
9
Carleton..
Randalmon
9

10

9

Renfrew dr’ss style 7

s

Johnson Mfg Co..

.

.

.

11
9

13*

THE

1878.]

July 27,

Importations of

Dry Ooodt.

tliSs port for the week ending
dbrresponding weeks oi 1877 and 1876,
pood»

importations of dry
July 25, 1878, and for
The

have been

CHRONICLE.

follows :
ros *>HBUlO»TI0N FOR THE WEEK ENDING JULY 25, 1878.
—1878
i
1876
*
,
1877
,
Pkgs. Value.
Pkgs. Value.
Pkgs.
Value.

as

ENTERED

,

do
do

.>*,

ous

dry goods.

256,391
420,260

172,151

82,017

2,918 $1,217,440

3,523 $1,463,793

Total.....

114,454

211

141,620

260

$346,942
252,184
411,893

754
806
607
510

$473,368

wool..., 1,021
cotton.. '920
aiik .... 551
flax.. .. 771

Manufactures

660
897
638

The
shows
to all
totals

Exports of Leading Articles ftorn New York.

following table, compiled from Custom House returns,
of leading articles from the port of New York
the principal foreign countries since Jan. 1, 1878, the
for the last week, and also the totals since Jan. 1, 1878
1877. The last two lines show total values, including the
the exports

and
value of all other articles besides those mentioned in the table.

•Sf

$294,663

OO

aj._
GQ+3

252,172
428,043
196,620
66,541

1,052
361

22<*?,""©<Nreoe'*eot^'i-co‘'** —7 op
6l

<0*HXr Ct UQ

•

l3

©©

©*©f
©To aTcT op cJnT *> <?*'
O03i0>0000«50rj»t— ©»

*“»

®SI

rIMH

■

OO

iOOO

ao

©* JO ©* JJ JO
CO

©

3,658 $1,238,039

mrapiu\m from warehouse and thrown into the market during the
SAME PERIOD

Manufactures of wool

50

33,744

9,783

24 S
258

53,285
15,605

190
175
31
329
551

$316,942
1,483,793

*921
2,918

$234,213
1,217,440

L276
3,658

253

$113,334
70,242

silk.
flax....

227
67

47,295

233

46,283

Miscellaneous dry goods.

93
938

do
do
do

.

...

cotton..
..

Total

Aildent’d for consumpt’n 3,523

194
173

$82,092
49,436

$69,097
42,044

$193,576
1,233,039

24,300

47,923
10,212
N^vcjri'owoof.
©»—'CO—'<?'*—,''S'—<»-< ©■!©♦©»
oooi ■o' O'i-i

•

-f—^o^

•

Total thrown

1^461

mark’t

upon

^Jffabnfactures of wool....
do
do

v

nr,-_

,

cotton.

do

J^SiUueous

407
165
77
452

$164,702

372

$175,322

56,983
65,393
63,483

53,918
46,122

23,166

1,281

28,094

221
68
263
355

$585,052

2,382

$378,665

1,*463,793

2,918

378
123
331
31

.

drygoods.

Total
...,.vs
Add ent’d for consumpt’n

81,471

1,558

3,523

Total entered at the port. 5,081

4,934 $1,431,815

©I SO

$2,048,845

—H
o

—.

1,217,440

5,300 $1,596,105

1,300
3,b58

oi ^

oo

CO'O?
MOO

IO

•

in m
t-

© b-WO W5 OP CO

OiflOWHt.w

"inffl CO

.

OO tHK5

’

eo

62.623

.e*ootooN®o«iceMt»ooo>
.l-iOcCn'if^iOffitOL'CC’tQOOO
,
»-< ri CO W iC
OT CC
*© ©f OO
w*
cf OCOlfT CO CO

ocoi-

•

•iQ!0®

•l—I
*

©

’rioi

o

V IQ

$371,366
1,238,(39

.ooo

O

.0000

i

CO

*PlOffl

1

*~t

■

as*
ojmm

.« o

*o oo W0

.

,

©f *

(?i
N

©♦*>00

■I

.to

©*

CO

©*

©»

•

*

«

PO
OO

T-l

*- o

4,958 $1,609,405

•

.wo
. CO
' r-

OS f
l- CO

'

•

‘

—n
^

£—

OO

rH

33,381
.WO»H
• CO 00 O
• ©» eo 1-1
'O

•
•

CO

«-<

’

ji

-

OO*

cn-r

•-©»

•

CO

in

CO

mb

to

O

®

©*0«

Leading Articles.

Imports of

CO

DURING 8 AMB PERIOD.

$299,338
94,829
86,223

689

silk,...
flax

3,839 $1,451,653

$1,780,735

ENTERED FOB WAREHOUSING

O <o

m do

Xi off CO WO
® S © *>
2®"

following table, compiled from Custom House returns,
foreign imports of leading articles at this port since
January 1, 1878 and for the same period in 1877:
The

•

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00©co
Of ©

•

•
'

•

•

•
•

•
•

•

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M

shows the

in

.

o

*W5

-S

'■

.

.

.

*

*

.UJCOCO

;co-^©

CQ^Bt

r*CO

©£“ *

n» to
•©♦©♦
•
.

CO

CO

to

CO

CO

*
to

O

eo

to

C*r-t

OO

.jowo©
• W0
©»

.atoso*
. cr. n- CD

no
©* r-. — r}«

.b*

•

'

H 0*0

[The quantity is given in packages when not otherwise specified.]

03

©I »-• to ©»

to f

’

O

•

o

.©♦

■

©*

.

I ©t

*

.

©3

•

.TJ*

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nrlW

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00

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00

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eo

Since

Same
Since
Jan. 1,’78 time 1877

Metals, &c.—
Cutlery
China

6,972
20,323
127,0S1

Earthenware..

Glass.,
^GlaiHWare
*£•■>«** plate....
Buttons., .t

11,599
3,212
4,901

....

Coal, tons....... 4., 57,842
'

Cocoa bags

‘

*4,115
Ron it?,

Coffee, bags

Cotton,bales....

6.998
20,672
193.399

12,431
4,851

3,645

Drugs, &c—
Bark, Peruvian.
Blea. powders..

19,883
14,732
1,163

Cochineal
Cream Tartar..
Gambler

•

•

•

•

9,218

1,855
4,399
2,050

Gum, Arabic...
Indigo
Oil. Olive.......

23,772

Opium
8oda,bi-carb:..
Soda, sal

435

14,30k
33.336

36,310
1,974

Soda ash

Flax
Furs

3,659
588

Gunny cloth

2,491
113,660

Hair

Hemp, bales
Hides, &c—

2,245

Hardware

Lead, pigs

Spelter, Tbs
Steel.. .*
Tin, boxes

Sggar, bx8 & bags.
7.

5,728 Tbbacco

•

Hides, dressed..
India rubber

Ivory

Jewelry, &c.—

2,601
25.381

3,576
34,412

836

467

1,332

Jewelry

Watches
Linseed
Molasses

.

1,591

293

280

210,808
55,917

222,731

69,659

75,641

21,327

^ouu

33^-400
>,©’-<

ca©» eo
Sam

2
p

Breadstuffs—
Flour
Wheat
Corn
Oats

at

Ginger
Pepper
Saltpetre
Woods—
Cork
Fustic

Logwood

n

g

417,157
196,252

433,812

g

120,015
37,134

49,213
86,341

248.635

315.392

124,040

316,149

252,968
25,910
414,887

229.998
19,344

42,235

Same
1877

4,481

“
“

Grass seed...bags
Beans
bbls.
Peas
bueh.
Cora meal. .bbls.
Cotton
bales.

Hemp
Hides
Hides

No.
bales.

Hops

bales.

sides.
hhds.
Molasses
bbls.
Haval Stores—
Crude turp..bbls.

Spirits turp
Rosin
Tar




Pitch
Oil cake

bbls

1,093

2,495

pkgs

259,714

166,125

1,454,469 Oil, lard
bbls,
2,830.715 Peanuts
bags.
19,441,037 14,201,173 Provisions—
Butter
6,474,316 5.067,516
pkgs.
378.337
1,932,425
Cheese..... “
Cutmeats.. **
2,562,473 2,050,245
122.228
75,263
Eggs
“
Pork
“
41,942
45,070
Beef
“
418,201
181,409
Lard
“
115,(02
136,085
482,124
360.512 _Lard..
kegs.
2,140
3,534
106,457
120,130
75,702
81,516
48,987
31,589
2,348,022 2,337,307
.hhds.
18

363

110,540

67,264

1,923
41,251

1,743
10,663

211,384

196,917

12.697

14.650

•

CO

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9,707

11,539

45,812

66,209

617,733

643,059

1,339,261

994,484

75S.758
829,163
167,595

509,510

83.864

491.215
24,528
17,885
234,085
13,000
520

•

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111,124
51,659
92,338
53,468
59,462

•

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®rf‘J
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22,603

47.822
100.215
77,143
111,432
52,704
19,807

.

of

198,783
11,270
12,097

© tO

3

830,309
112,412
24,117
215,297
24,537

12,140

_

©

297,8.47
22,005

Since
Same
Jan. 1,’78 time 1877

time

bbls, 2,179,078
hush, 25,357,285

Rye
“
Barley & malt “

Leather
Molasses

2,621

.

.

0®

Receipts of Domestic Produce*

pkgs,

.

•

3 •?|sSf

O

receipts of domestic produce since January 1, 1878, and
the same period of 1877, have been as follows:

Ashes

.coo
• r-> 35

BO

S

39,525

The

Since
Jan. 1,’78

•

co-o

••«.••••••!

Mahogany

for

•

.

•

~
m

32.883

174,909

.

.

IN«

p

*■

r-

.

• ■ «

as

$
66!,708

465,581
528,776
353,654
581,481
6,398,549 7,068,689
150,291
162,831

Spices. Ac.—
CdiSSlft

49,704

83,290

793,643
538,2S0
1,282,425 1,131,957

Nuts
4,024
Raisins
1,563
87,874 Hides, undressed..
875

49,436

$
836,349

12,989 Fancy goods
36,419 Fish
30,525 Fruits, &c.—
Lemons.
3,472
3,361
Oranges

637

19,335

648 Corks

811

anq qkq

291

Rice

Bristles

597,892

364 636

1,351 Wines, &c—
Champagne.bkte.
Wines
29,756
2,494 Wool, bales
8,70- Articles reported by
value—
3,062
25.779 Cigars
•

717,765

1,252,857 1,793,928
526,067
493,070
32,331
33,175

17,176 Waste
•

67.509

29,688
557,760
6,512,534 5,964,685
77,187
109,076

1113 42K

•

476

4,280

23^942

Tin'slab8,lb8

Tea

2,055

315

589.376

23.636 Paper Stock........
14,979 Su^ar, hhds, tee. &

2,893

Same

Jan. 1,’78 time 1877

C<

8

css

3
—

“3

THE CHRONICLE

106

Cotton.

Insurance.

Pim, Forwood & Co.,

H O M E

Cotton.

Woodward &

Stillman,

fVoL. XXVIL

-

SEAMEN’S BANK EUILDING,
Nos. 74

Sc

P. O. BOX

Street,

Wall

76

GENERAL COMMISSION MERCHANTS,
New

NEW YORK.

P. o. BOX 4964,

613,

Orleans, La.

^

Insurance
OF

New York.

NEW

OFFICE, No.

,

Company
BROADWAY.

Execute orders for Future Contracts in New York

GENERAL COMMISSION MERCHANTS
MADE ON ACCEPTARLE

LOANS

and

Liverpool, and make advances

Cotton and

on

Also, execute orders for Merchandise In
Liberal advances made on Consignments.

England, China, India and Singapore.

Special attention paid to the execution of orders for

UNDERWRITERS

the purchase or sale of contracts for future delivery

IN

for

NEW

ORLEANS

the

Henry Hentz & Co.,
GENERAL

174 Sc 176 Pearl St., New

York.

COMMISSION

MERCHANTS.

Advances made on Consignments to

Meeers.

JAMES

FINLAY

131 Pearl

Sc

LIVERPOOL, LONDON AND GLASGOW.
Aleo execute orders for

Me««m§.

Merchandise through

FINLAY, MUIR Sc CO.,

CALCUTTA

Special attention given to the execution of orders
for the ourchase

FUTURE CONTRACTS FOR COTTON bought ana
on ooramiBslon In New York and Liverpool.

117

COMMISSION

H. W. &

Co.,

COTTON

Liberal advances made

Pearl

New York.
Consignments.
Special personal attention to the purchase and sale
on

Of
CONTRACTS FOR FUTURE DELIVERY ” OF
COTTON.

E. S.

Jemison & Co.,

(Successors to MOODY &

RANKERS,

JEMISON),

COTTON

No. 123 Pearl

Street, New York.

Advances made on Consignments
tracts for Cotton bought and sold on
New York and Liverpool.

Future Con¬
Commission, in

James F. Wenman Sc Co.,
COTTON

E.

O.

Alexander,
GEORGIA.

Correspondence Solicited.
National Bank of Augusta, Georgia;
References
Henry Hentz & Co., Commission Merchants, New
York; William B. Dana& Co., Proprietors Commkr
«ial and Financial Chbonicle, and other New

York Houses.

Policies

01

.

,

$6,190,873 16

*

■A Dividend of FIVE Per Cent has

declared, payable on demand.
CHAS. JT. MARTIN, President.
J. H. WASHBURN, Secretary.

North British and Mer¬
cantile Ins. Co:,
LOXDON AND EDINBURGH.
Incorporated

MacaulayMERCHANTS,
& Co.,
22 WILLIAM

STREET, NEW YORK.

Future Contracts for Cotton bought and sold on
Commission in New York and Liverpool.

BLOSS Sc
COTTON

INCHES,
FACTORS

54 William

BRANCH:

St., Cor. Pine, New York.

Established

December,

GENERAL COMMISSION MERCHANTS
142 Pearl

1866.

Called-in & paid-up Capital (gold)
Reserve for all fire liabilities, in¬
cluding re-insurance
Net Fire Surplus and Reserve.. ^.

$1,250,000 00
2,428,978 ?'"
4,22L5i';**9
—

Cash and Invested Assets (gold). $7,900, 536
Subscribed Capital, for whic*; „ue
^Stockholders are perscLdily lia¬
ble, not v^tf^Vr ~u.‘.
$8,750,000
Reserve for total Liabilities, in- -

eluding re-insurance, in the U.S.
in the United States.

Net surplus

46
00

$765,558 54
945,405 75

..$1,710,964 29

The above does not include the Life and Annuity
Funds, which, by act of Parliament, are In a distinct
and separate department, for which the surplus and
reserve of the Fire Insurance Department, named

above, are not liable.
CHAS. E. WHITE,

SAM. P. BLADGEN,

Managers.

Liverpool &
London & Globe

AND

Richards,

1809.

in

Fire Assets held in the U. S.

COMMISSION

BROKERS,

No. 146 Pearl Street, near Wall, N. V,
Established (in Tontine Building) 1841.

on

UNITED STATES

Entire attention given to purchase of COTTON on
ORDER for SPINNERS and EXPORTERS.

FACTORS

MERCHANTS,

_

OF

consignments. Prompt

BROKER,

AUGUSTA,

AND

GENERAL COMMISSION

on

Wm. Felix

AGENTS,

P. O Box 3,909.

Advances made

Total

le

COTTON

Street,

$246,115 35

2,024,553 00
value)
3,050,625 00
Bank Stocks (market value)
190,242 50
State and Municipal Bonds (market value)
199,206 (10
Loans on Stocks, payable on demand
(market value of Securities, $324,537 50) . 243,665 47
Interest due on 1st of July, 1378
62,203 61
Balance In hands of Agents
144,023 74
Real estate
12,288 "

Seraonal
attention
paid
to the execution
of orders
for
of contracts
for future
purchase
or sale
delivery.

AND

132

j

Street, Heston.

MERCHANTS,

FINANCIAL

Co.,

MERCHANTS,
AND

New York.

Future

PEARL STREET, NEW YORK,

44 Rroad

J. H. Farley,
FACTORS,

COMMISSION

125

BROKERS,

Pearl Street,

ASSETS.

OF

COTTON

gold

COTTON

3$

1,179,042

j&6,180,^73^6

SUMMARY

been

B.. R. Smith &

Dennis Perkins Sc

for

Delivery.

BOMBAY.

AND

of Contracts

sale

or

206,131 28

Surgjpe

Premiums due and uncoHected
Issued at this office

Street, New York.

CO.,

$3,000,000 00
1,795,699 50

real estate (worth $4,315,000)
United States Btocks (market

GENERAL

MERCHANTS,

fir*,

*

Cash In Banks
Bonds and Mortgages, being first lien on

Foulke,

Bennet Sc

CA8H CAPITAL.
Reserve for Re-Insurance
Reserve for Unpaid Losses
Net

Insurance

Company of Liverpool.

c'\ue

day of July, 1878.

TOTAL ASSETS

British Sc Foreign Marine

of cotton.

Statements

Condition of the Company oi

LIVERPOOL.

SECURITY.

COMMISSION

Fiftieth Semi-Annual

other produce consigned to

LEECH, HARRISON Sc FOR WOOD,

^

YOPvK,

135

Street, New York.

Insurance

Company,

(Successor to A. L. RICHARDS) |

Skipping and Commission Merchant
No.

39

BROAD

WALTER &

KROHN,

8TREET, NEW YORK.

COTTON

H. Tileston Sc
COTTON BUYERS & COMMISSION

Co.,
MERCHANTS

53 BEAVER

60 Stone Street, New York.
Orders in Fntures executed at N. Y. Cotton

Waldron Sc

Tainter,

(Successors to NOURSE & BROOKS),
GENERAL
COTTON MERCHANTS,

97 PEARL STREET,

A

Berje,

COTTON BUYER AND COMMISSION MERCHANT

NEW

ORLEANS,

LA.

Insurance.

NEW YORK.

Future orders promptly executed.

Edward H. Skinker Sc Co.
COMMISSION AND COTTON

97 Pearl

MERCHANTS,

Street, New York.

Sawyer, Wallace Sc Co.,
COTTON FACTORS & COMMISSION MERCHANTS

47 Broad

Geo.

Street, New York.

Copeland,

COTTON

136 PEARL




BROKER,

STREET, NEW YORK

William Si
E.

STREET, NEW YORK.

L. F.

Exchange

BROKERS,

45

iETNA
Insurance Company
Hartford:

Resident Manager.

Commercial
Union Ins. Co.
(<OF LONDON),

ALFRED

of

INCORPORATED

IN

Assets, January 1, 1877
$7,115,624 42
Capital
$3,000,000 00
Re-insurance fund.
1,741,273 42
Unpaid losses & other
claims...
429,144 82— 5,170,388 24
...

NET SURPLUS, Jan. 1, 1877..$1,945,236
BRANCH OFFICE:

JAS.

18

Broadway, New York.

A.

PELL,
Resident

1819.

Total

Yo. 173

PIILSFOBD,

ALEXANDER, Agent.

31 S‘ 39

Manager,

Wall_ Street

R. M. Waters Sc

Co.,

54 RROAD ST., NEW YORK.

ADVANCES ma<?e on warehouse receipts and
consignments of cotton.
BUY AND SELL cotton contracts and firetclass investment securit ea.