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HUNT'S MERCHANTS* MAGAZINE,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL.
NEW
31.
YORK, JULY
NO.
31, 1880.
Financial.
Financial.
Financial.
Geouqe Stahk.
&
Phelps, Stokes
I.
N.
Co.,
RANKERS,
William Street, New
PHELPS,
JAMES STORKS,
BANKERS,
ANSON PHBLPS STOKBS.
45 UTALI. ST., NEW YORK.
6%
COMHERCIAL CREDITS,
In Dollars for
use in United States, Cuba, ke.,
n Pounds Sterling, available In any part of the worldAlso. TKAVKLBBS' CREDITS and
GIRGCLAK NOTES;
&
Jesup, Paton
Co.,
Tork.
Accounts and Agency of Banks, Corporations,
Qrms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as a«:ents for corporations in paying coupons
and dividends'; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound
railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Union Bank of London.
John
Banque
Centrale
Kennedy.
J.
Kennedy
S.
J.
Anversoise,
8.
Kinnedy
&
Tod.
Co.,
Bankers aud Merchants,
No. 63
Antwerp.
WILLIAM STREET,
Nenr
Iforli.
BUY AND SELL
Paid-Up Capital,
- -
9,000,000 Francs.
BOABB Of DIRECTORS
FSLtx Grtsab, President.
ALrBKD Uaqoinay (Orsff & Maqnlnar), vlee-Pres
VoN SEE Beckk (B. Von der Becke).
Otto Gtjnthbr (Cornellle-DavlU).
J. B.
KHILa D» GCTTM,.
( frank. Model « Cle.)
Aug. Notteb >um (Nottebobm Freres).
Fr. Dhanis (Mlclilels-LooB).
JoH. Dan. fnuRMANN, .IB. (Job. Dan. Fubrmunn).
liOins Webbb (Ed. Weber & Cle.)
JVLBB Kautbkstbauoq (C. ScbDild 8t Cle.)
Ad. Fbank
RUSINES8.
Asa
Eddy
PoTTKR, Prest.
J. J.
A
Cashier.
Maverick National Bank,
and Bankers
Business from Banks
solicited.
Satisfactory
business paper
discounted.
Cor-
respondence invited.
LEWIS H. TATLOH, Jr.
L.
H. Taylor
LiNDLxr Haines
&
SOUTH THIRD STREET,
PHILABBLPHtA.
OepOBita received subject to check at sifcht, aad
interest allowed on daily balances.
Stocks, Bonds, &c., houmht and sold on commtssion
in Philadelphia and other cities.
Particular attention Kirea to information regard-
QK InTestmeat
Securities.
Mortgages bearing from 7 to 10 per cent Interest.
Will undertake the negotiation of loans upon
Western City property In large or small amounts.
& Zoon,
BANKERS,
akisterdahe, Holland.
Hymans
Bonds, Stocks and Securities (also not ofilclallr
quoted) bought and sold on commission. Bills collected and other banking business transacted.
Correspondence
STOCK AND BOND BROKERS,
24 BHOA.D ST., NKIV YORK.
Bought and Sold on CommlsslOB.
Virginia Tcac- Receivable Coupom BorugM,
SOUjaERN SKCUKITIKX A SPECIALIY.
LOANS NEGOTIATED.
Interest Allowed on Deposits.
Stocks. Railroad Bonds, Oorernments,
and
all
Se-
S2S."!i*cS«r.S5°J^: } Member. N. Y. Stock Kxch.
Co.,
BAUKEEa AKD COMBJISSION MERCHAUTS,
i ExcluuiK. Soart, N Bur York.
No. 45
rEstabliahed 1854.]
\raU
Street,
Transact a general banking and brokerage business in Railway Shares and Bonds and Govemmont
N.
Bond.
Vernam & Company,
RANKERS AND RROKERS,
New
New
Street,
York.
Bonds and Governments Bought and Sold,
on Commission, either for Investment or
carried on margin.
No. 34
Stocks,
strictly
Howard
Lafslkv.
Members N.
D. Seymour Willabo,
Y. Stock Exchange.
Field, Jr.
15
No.
Cybus W. field.
BROKERS IN
Foreign Exchange, Stocks and BondS)
63 W^an street. New York.
(P. o. Box 834T.)
Special attention paid to the negotiation of Gom
mercial
bills.
Kountze Brothers,
Interest allowed on deposits.
iDTestments carefully attended to.
BANKERS,
&
Co.,
130 Broadway (Equitable Bnlldlatft
N E W^ YORK.
LETTERS OF CREDIT
AND
TOPEKA, KANSAS.
Loans negotiated. Collections made. Taxes paid.
Municipal Securities bought and sold.
JOSEPH
P.
W.
Lloyd.
C.
mcKean,
Member of N. Y. Stock
Lloyd
6c
Bxch'ge.
McKean,
STREET, NEW^ TORK.
Buy and sell— on commission—Government, Railway and Miscellaneous Securities. Receive deposits
subje ct to check, and allow Interest on balances.
A. H. Brown
t
&
Co.,
BANKERS AND BROKERS,
Wall St., Cor. Neir, Nevr York.
INVBSTMBNT SECURITIES.
Special attention to
BROAD STREET,
New York.
Hilmers,McGowan & Co
securities.
34 W^ALI.
curities dealt In at the New York Stock Uxchanse
boufcbtand sold f or InTestment or carried on marKin* strictly on commission.
solicited.
Albert H. Vernah,
Edward
Member N. Y. Stock Exchange.
OOVBKN.MBNT BONDS, STATE. CITY, COUNTY,
RAILROAD & MISCELLANEOUS SEUDKITIBS
Coleman Benedict & Co.
R.T.Wilson &
No. 42
YORK.
Buy and sell Investment Securities for cash or on
commission. A specialty made of Western Farm
RE.4I. ESTATE AND INSURANCE,
86 SIXTH AVE., WEST OF KAN. AVE.,
Bankers and Brokers,
140
Co.,
Special.
H. R. Prather
Co.,
Stabk.
BANKERS,
BROADWAY, NEW
Cyrus W.
Gwynne & Day,
$400,000
400,000
&
F.
R. A. Lancaster & Co., Lapsley, Field & Co.,
BANKERS AND BROKERS,
STOCK RROKERS,
66 RROADWAV, NEW YORK,
BOSTON,
CAPITAl.,
SCRPIitTS,
COLLECTIONS a specialty.
the Construction and
Equipment of Railroads undertaken.
John
George Stark
DEALERS IN
First-Claas Investment Securities.
TRANSACTS
GENERAL RANKING
P.
ItAItROAD INVESTMENT SECURITIES:
COLLECT Coupons and DirrDENDS
NBQOTIATB LOANS AND DRAW BILLS OF
BiCHA!*E ON LONDON.
All business relating to
768.
bnitoeu of country buiki.
C
I
R
C V
LAR NOTES
Issued for the use of travelers la
all parts of the world.
Bills drawn on the Union Bank of London
Telegraphic transfers made to London and to
various places in the United States.
Deposits received subject to check at sight, and interest allowed on balances.
Government and other bonds and Investment »»•
curities
bought and sold on commissi on.
P. F. Keleher
305 OLIVE STREET,
&
Co.,
ST. LOUIS,
Mo.
SocoritlM for
Flrst-clsss Western Investment
Kansaa,
%^\k \t L >ul5 City and !<tates of Missouri,
T«M< ArnansaV and Clorado Bonds a apecialtr.
°° *•"
in
Kfu'nf^rmatTon given
™'e™°»
Ucatlon.
'^"W
Coupons and dividends oouoci aa^
;
:
THE CHRONICLE.
Foreign Exehange.
Foreign Exctoange.
XIX I.
Vol.
Foreign Bankers.
Nederlandsche
Drexel, Morgan & Co., Knoblauch
WALL STREET,
& Lichtenstein, Handel-Maatschappij,
OP BROAD, NEW YORK.
CORNBB
BANKERS,
&
Drexel
Drexel, Harjes
Co.*
&
29 WllUam
Co
MA. M SOCTH TBI«p ST.
n BoaleTard HaaMmano
Pblladelptala.
Paris.
Brown
&
Brothers
($14,400,000, Gold.)
Execute orders for the purchase or sale of Merchandise. Bonds, Stocks, and other securities. In the
United States, Europe and the Kast make Collections
buy and sell ForelKU Exchange, and give advances
upon Merchandise for Export.
Berlin.
Merchants' Bank
OF
CANADA.
Co.,
Capital,
No. S9 tTAIil. ST., N. V.,
BUY AND SELL
-
•
OLIVER S. CARTER,
STANTON BLAKE.
HENRY
Nxw
YOBK, January
Office,
$5,300,000 Paid Up.
•
JOHN HAMILTON.
JOHN McLBNNAN,
President, the Hon.
OF EXCHANGE
B1L.1.S
1824.
Pald-np Capital, 36,000,000 Fiorina.
;
LONDON.
ST.,
OF HOLLAND,
ESTABLISED
Credit
Canadian Banks.
Attobhsts Aifs Asnrra or
neura. J. 8. niORGAN & CO.,
OLD BROAD
The Netlierland Trading Society
YORK.
DEUTSCHE RANK.
D«poilt8 received labject to Draft. Secarltlei, Qold,
Ae.. Doagtit and sold onCemmisaion. Interest allowed
nDeposits. Foreign Bzchaa?e. Commercial Credits.
Sble Transfers. CIrcalar Letters for TraTelers,
ariUsble in all parts •( the world.
n
NEW
VBke Telegraphic Money Tranaf eri.
Draw Bills of Exchange and In«e Letters oi
a all principal cities of Europe.
SPECIAL PABTirKR,
DOMESTIC ANS FOREION BANKERS.
No.
Exchanse Place.
cor.
St.,
Vice-President,
ESQ.
HAWLEY,
E.
AgenU
1
for
\
America
)
1, 18i9.
New Tork.
142 Pearl Street
Nederlandsch Indische
Handelsbank,
AMSTERDAM, HOLLAND.
HEAD OFFICE, HONTREAL.
Established in 1863.
ON GREAT BRITAIN AND IRELAND, FRANCE,
QERMANY. BELGIUM AND HOLLAND.
GEORGE HAGUE, General Manager.
Pald-Up Capital, 12,00n,000 Gnlldera
Credits
Issue CommeFcial and Trarelers'
WM. J. INGRAM, Asat. General Manager.
($4,800,000 Gold.)
ly SIERLINQ,
HEAD OFFICE IN AMSTERDAM.
BANKERS
AVAILABLE IN ANY PART OF THE WORLD.
And
in Francs, In Martinique
LONDON, ENG.— The Clydesdale Banking Comp'y.
NEW YORK—The Bank of New Y^ork. N. B. A.
The New York Agency buys and sells Sterling Ex-
and Guadaloupe.
TRANSFERS
BAKE TEIiECKAPHIC
OF nONEY
change, Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the bank in Canada. Demand Drafts
issued payable in Scotland and Ireland, and every
description of foreign banking business undertaken.
Between tbls and other countries, through London
and Paris.
Kake Collections of Drafts drawn abroad on all
points in the United States and Canada, and
of Drafts drawn in the United States
Neiv York Agency, 48 Exctaaose-place.
HENRY HAGUE,
A^ffnts
JOHN B. HARRIS JR., j Agents.
-
on Foreign Countries.
S.
&
G.
G. C. Ward,
Agencies
Issne commercial credits, make advances on ship.
menta of staple merchandise, and transact othes
business of a financial character in connection with
the trade with the Dutch East Indies.
BLAKE BROTHERS &
CO.,
Agents for North America,
14 WALL STREET, NEW YORK,
88 STATE STREET, BOSTON
(
Bank of Montreal.
AeSNTS roB
BARING BROTHERS & COmPANY,
63 WALL STREET. NEW YORK.
28 STATE STREET, BOSTON.
CAPITAL,
SURPLUS,
& W. Seligman & Co.,
J.
$12,000,000, Gold.
6,000,000, Gold.
GEORGE STEPHEN,
0. F.
BANKERS,
S9 BXCHANGS PLAOB,
CORNER BROAD BTRSET, NEW YORK.
SMITHERS, General Manager.
Waltbr Watson,
Agents.
A. LANS,
Bny and sell Sterling Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
available in any part of the world Issue drafts on
Issue Letters of Credit for Trarelerst
Hong Kong &
Shanghai
BANKING CORPORATION.
CAPITAL (paid-up)
t5,(XX),00»
RESERVE FUND
President.
NEW YORK OFFICE,
S9 &. 61 WTALL STREET.
Noa.
hi Batavia, Soerabaya and Samarftng.
Correspondents In Padang.
HEAD
1,500,000
OFFICE,
HOXQ KONO.
The Corporation grant Drafts and negotiate or
collect Bills payable at
Saigon,
Manila,
Bombay, Calcutta, Singapore.
Hong Kong, Foochow,
Amoy
Ningpo, Shani^hai, Hankow, Yokohama, Hiogo, San
Francisco and London.
A. m. TOW^,>SEND, Agent, 59 W^aU St.
California Banks.
;
Payable In any pai of Korope, Asia, Atrlea, AnstraUa
America.
Draw Bills of Bzckange and make telegraphic traufr
ters of money on Europe and California.
;
nd
&
John Munroe
and make collections in Chl«igo and throughout
the Dominion of Canada.
London
Co.,
&.
CO.,
British
Stuart
&
Exchange and Cable TransIssue demand drafts on Scotland and Ireland,
on Canada, British Columbia, Portland, Oregon,
San Francisco and Chicago.
Bills collected and other banking business transfers.
Co.,
J.
NASSAU STREET.
BILLS OF EXCHANGE ON
SnilTil, PAYNE ic SiniTII>S,
HANCHESTER
Sc
WALL STREET.
sell Sterling
also
33
BANKERS, LONDON
North America,
No. £2
NOTKS U(D CKRDITS FOB TSAVZ1.SB8.
&
acted.
D. A.
MCTAVISH,
W. LAWSON,
)
.„„„,,
-^"gPts.
)
Imperial Bank of Canada
;
Capital,
COUNTY BANK,
"LIMITED;"
H.
8.
$1,000,000.
HOWLAND, President
HEAD
MANCHESTER, PAYABLE IN LONDON
j
D. R.
WILKXE,
Cashier
OFFICE, TORONTO.
ULSTER BANKINS COMPANY,
BBAliOHSS:
BELFAST, lltKLAND
AND 0« TUB
BT. CATHARINES,
PORT COLBORNE, ST. THOMAS.
INGBRSOLL, WELLAND, DDNNVILLE, FERGUS.
NATIONAL BANK OF SCOTLAND,
Dealers In American Currency and Sterling Exchange*
EDINBDKG, AND BRANCHES;
Agents in London
BOSANQUKT, Salt & Co.,
:
AUO.
UABLB TRANSFERS AND LETTERS OF CREDIT
93
Lombard
street.
|
|
Agents In New York:
BA2iE OF MoNTKKAL,
59 Wall street.
Promptest attention paid to collections payable la
any part of Canada.
Approved Canadian
buainesB paper, payable In gold
or currency, dlscouuted on reasonable terms, and
proceeds remitted to any part of the United States bj
gold or currency draft on New York.
Foreign Bankers.
No. 25 Pine Street,
Purchase and
sell, on
New
Adolph Boissevain & Co.
York.
BANKERS
A»0
Commission, GOVERNMENT,
BTATK, MUNICIPAL and RAiLKOAD BOND^
and STOCKS, and
NEW
all
classes of Securities dealt in
at tho
YORK STOCK EXCHANGE, or all
reputable Securities bought and sold In the OPEN
MARKET.
LOANS
and
conmissioN ivbrohants
COMMERCIAL PAPER
negotiated. Interest paid on DEPOSITS subject to
check.
WILLIAM B. HATCH.
THOMAS
H.
BOUDEN<
FRANK JENKINS
Bond*,
Invested In U. S.
$3,500,000 Gold.
OP
PARIS.
Buy and
J.
SurplUH,
Bank
tTKBLQia CliEQUES AND DILLS AT SIXTY.
DAYS' SIUHT ON
ALEXANDERS Sc CO., LONDON.
CiaaDI.AR
OF SAN FRANCISCO.
New York Ageacy, 62 Wall Street.
AGENCY OF THE
No. 8 Wall Street, New York,
No. 4 Post Office Square, Boaton,
CHEQUES AND CABLE TRANSFERS ON
MUNROE
No. 9 Blrehln Lane.
Office,
The Nevada Bank
AMSTERDAM, HOLLAND.
'
N. Y, Correspondeate.—Messrs.
BLAKE BROS, ft CO
GEORGE
BBANDEE,
L.
Agent.
Issues Commercial and Travelers' Creditsavailable
In any part of the world. Draws Exchange, Foreig
and Inland, and makes Transfers of Money by Telegraph and Cable. Gives special attention to Gold
and Silver Bullion and Specie, and to California
Collections and Securities; and arranges to pay
Dividends on such securities at due dates.
Bankers, Loudon, SMITH, PAYNE & SMITHS.
do
UNION BANK OF LONDON.
do
do New York, BANK OF
YORK, N. B. A.
do American Exchange Nat. BASK.
do
NEW
THE
Anglo-Californian Bank
(LIMITED).
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 4as California
NEW VORK
Agents, J.
& W.
Selieman
St.
& Co.
BOSTON Corrcspoiid'ts, Massacliueetts N. B'k.
Authorized Capital, •
Paid up and Reserve,
-
-
$6,000,000.
1,700,000.
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available in
all parts of the world. Collections and orders for
Bonds, Stocks, etc., executed upon the most favor*
F. LOW,
able terms.
(Manager.
'"'"lagers.
FREDK
P. N.
IGNATX STEINHART, j
LILIBNTHAL. Cashier.
Dodge, Potter
&
Co.,
BANKERS
AND
COTTON COMMISSION MERCHANTS,
34 PINE STREET,
:
July
THE CHKONICLE.
31, 1880.J
nostoh Banker!.
Geo.Wm.Ballou&Co
Financial.
Financial.
B01VD9 OF SURETYSHIP
FIDELITY »UABANTEE BONDS
ARK ISSUED BY THB
and Ktnployeen of Bank
and Haiiwaya.
For
Offlcerit
BANKERS,
8
Wall
T» DevonolUre
Street,
NEW VORK
Deposits Received
No Bank or railroad employbb Nkrd ask
St.,
HI
FlilKNUS TO BeCOMK UH CONTIMUK UlH
BOSTON.
6UliJETlE8,
nis
AS THE
Canada Guarantee Co.
and interest Allowed.
GHANT8 BONDS OF SECUHITY KOK ALL
ELIGIBLE MEN IN SlCli POSITIONS AT A
Cbolce RAIl,ROAD and inVNICIPAIi
TUJKLING CliAlUiK PEIl ANNUM.
SECV KITIBS For
Geo.
Sale.
Geo. H. Holt.
Wm. Ballou.
&
Brewster, Basset
Co.,
BANKERS,
OONORBSS STRKET,
No. 35
Roaton, Rlaaa.
Deslen
In
BMoln, Bonds, Gold and Commercial
paper.
CoumUslon at Brokers Board
Orders executed on
AactlODB,aad t^rlv^e Sale.
simjle cotitfut
InTettment Becurltlea conatantlr on hand.
Co.,
And
were
tion to the
260
County and Railroad Bonds.
Wm. C. Sheldon.
EDWABD POMEROY,
Curtis,
Wm,
BCILDING,
wadsworth.
B,
W.B.COX.JB.* OSCAR B. SMITH
Pomeroy, Cox
The Brooklyn Trust Co.
Cor. of
No. 37
Stackpole,
7?. tT.
&
Smith,
BROAD STREET.
&
Kimball
4 Exchange Catrt,
B, Kendall, Henry Sanger, Alex. MoCae.
P. Rolfe,
Chas. 11. Marvin, A A. Low.
Thoma.s Sullivan, Abm. H.Baylis, Henry K.Sheldon
H. K. Pierrep<^nt. Dan'l Cliauncey, John T. Martin,
Alex. M. White, Joslah O. Low, Ripley Ropes,
Austin Corbin. Edmund W. Otrlles.
R. BUNKER, SecretarT.
WM.
BUT
Co.,
BANKKKS ANu BROKERS,
BALri!T1.0RE.
tN VESTMENT and VIRGINIA SECURITIES
a
ipeclaltT.
Buy and
New
lnforii.atlon
N. 1. COBaaspOSDlKTs— McKlm Brottters
A
fur*
all
A. K. Walkks, Cashier
parts of the Ui^.ted States
Room
24.
B. GREE1VE,
BANKER AND BROKER,
30 Broad St., New York.
.
&
BANKERS AND BROKBRS,
payment.
Correspondents.—German- American Bank, NewYork Louisiana National Bank, New Orl»ims Bank
;
;
01 Liverpool, Liverpool.
^'.y- ^^^^^U
Freaideat.
J
l
STATE BANK,
)
Incorporated idS.J
German
C.T.Wauueb
Cashltir.
«^
TRANSACT A GENERAL BANKING BUSINESS,
•.
Bank;*
(Paid-in)
ScaPLUs
Prompt attention given
:..
MCLellAX, JB.
COMMERCIAL PAPER NEGOTIATED.
WAL8T0N
Co,,-
New
Vrork,
Execute orders for stocka on small murfiin, and
purchase time options—$100, 100 shares, 1-16 commission. Send for Financial Stocli Report.*
-
H.
BHOWX.
BROWN.
FllED. A.
Walston H. Brown & Bro.
BANKERS,
11 Pine Street, Neiv fork.
SPECIAL ATTENTION GIVEN TO THE NEGO^
TIATION OF
RAILROAD SECURITIES.
Oilman, Son
63
&
Co.,
BANKERS,
CEDAR STREET.
In addition to a General Banking Business, buy
and sell Government Bonds and Investment Securl*
ties
C.
WALCOTT &
CO.,
Transact a General Banking Business, buy and sell
on commission all securities dealt in at the New
York, I'hiladelphia and Boston Stock Exchanges,
Special attention
either for cash or on margin.
given to Mining Stocks.
FBAXK F. niCKIXSON.
WALCOTT,
Members N: Y. Stock and Mining Excbanges.
Jos. C.
INVESTMENT
CO.,
AND 33 PINE ST., NEW YORK,
CONGRESS STRB15T, BOSTON,
UNION BUILDING, CHICAGO.
CAPITAL STOCK, ? J- ,^ • $200,000
NOS.Sl
NO. 19
Offers to investors carefully-selected securities
bearing from (i to 8 per cent interest. Investment
LgLAiro.
No. 40 Eietangc Place,
2£5©0O.
business in our Uner*
N. Y. COBBitapoNDBN-Ts, Donnell. Lawaoa ft Co. and
tUeMelropolItaa National Bank.
, .^
all
W
Hickling^&
..$76,000.
to
C.
Repben
ITork.
New York, New England & Western
INCLUDING TUE PURCHASE AND SALE OF
STOCKS AND BONDS FOB CASH OR ON MARGIN. BUY AND SELL COMMERCIAL PAPER.
P. O. Box 447.
lilTXLK ROCK, ARK.
CAPITAL
So*
58 Broadway, cor. Exchange Place,
D. A. BOODT.
New
STOCKS AND BONDS BOUGHT AND SOLD ON
No. 42 Broad Street,
BANKERS,
remittances at current rates of exchange on day of
Co.,
BANKERS,
Co.,
BANKERS,
inOBIIiE, ALABAIflA.
Special attention patd to collections, wHh prompt
&
Sand Brothers
S.
tSoodt^t
THOS. p. MILLEB, R. D. WILLIAMS, JNO. W.MILLER
CHAS. B. MILLER.
Thos. P. Miller
MISCKI,.
TnEO. V. SANT>.
Max E. Sand.
KDMAiiu A Petit, Member N. Y. Stock Exch.
CDARLES
To.
First National Bank,
WILiniNUTON, N. C.
CnUections made on
Ain> BILL
LANE0U8 SECURITIES.
Sell tn Commitsiiin,/or Caih, t9 ««
Siocks^^ Bonds, and all Invitim^nt
Seeuriiiet, in ioU to suit,
Southern, Western, Northern and Eastern Railway
Bonds and Stocks; also. State, Municipal and all
classes of reputable investment securities, bought
and sold at best market rates. Investors and dealers
wishing to buy or sell are Invited to communicate
with us. Loans negotiated for bankers and brokers.
atsbed.
Preii't.
Foote,
WALI. STREET,
COMMISSION.
A SPECIALTY.
&
Wilson, Colston
K. S. Bbbrdbs,
No. 12
GOVERNMENT BONDS. STOCKS AND
Margin^
and
&
Hatch
BANKERS,
Co.,
York.
it yeart mtmhcrthif in V. Y. Stock Sxckang*.
Southern Bankers.
solicited
TRUSTEES
Wm.
John
64 Trail Street,
BANKERS and BROKERS
DEVONSHIRE STREET,
BOSTOX
Correspondence
MontaKue X Clinton sts., Brooklm, N. T.
This Company Is authorised byspeelal charter to
act as receiver, trustee, guardian, executor, or administrator.
It oan act as a^ent In the sale or management of
real estate, collect Interest or dividends, receWa
reiristrr and transfer books, or make purchase and
sale of Government anii other securities.
Religions un<l charitable Institutions, and penone
unaccustomed to the transactl«»n of business, will
Hnd this Company a safe and cr)iivenient deposltorr
for money.
ItlPLEY UOPKS, President.
CIIAS. R. MARVIN, Vlce-Pres't.
Edgar M. Culle.n, Counsel.
BANKERS AND BROKERS,
BANKERS,
No. 68
Edwauii Staiik. General Affent.
_
mni!CTOH»--OeorBa T. Hope. A. B. Hull. O. Qw
Williams, W.O. Low. A. 8. Barnes. H. A. Ilurlbnt,
Geo. 8. Coe, .1. S. T. Stranahan. Charles Dennis, Wau
M. Hlchards,!! B. Clatlln, John D.Malrs.LymaoW.
Briggs, S. B. Chittenden.
vances made on same.
Boston, mass.
&
YORK,
BroadwaT.
Wm. M. hioirjiRDS. President.
LvMAN W. BuiooM, Vice-President.
Jou.N M. Ckane. Sccretarr.
Wadsworth,
IN
SKW
OF
Ouftnintceln* the Bdclity of |)cr.on» holding po«l.
tlcinn of pwunliiry trust iind ronpnniltlllltr, tbu*
securlnij a COKl'OUATK GL'AUA.NTBE In lleu ol
DeriionBl bond where st-curlly U required for the
faithful perforn<ance of the duties of omplojees In
all positions of trust.
Full Information can bo obtained at the ofBee, 187
All classes of nesrotiable securities bought and
sold at the Stock Exchange on Commission. Ad-
STOCK BROKERS,
Parker
applica-
BOIVDS AND STOCKS.
BOSTON.
SimtniONS'
&
WALIi STREET,
BANKERS AND DEALERS
EXCHANGE PLACE,
&
may be had on
10
H. Peck,
Jackson
&c.,
HEAD OFFICE:
James Street, innntreal.
EDWARD llAWLINGS. MuMaj^^er.
Sheldon
BANKER AND BROKER
No. 7
to December
just published.)
$470,466
30th, 1«78,
$t.
DEALERS IN GOVERNMENT SECURITrES
F.
Government
Prospectus, Forms,
STATE STREET, BOSTON.
State, City,
$110,046
the Gross Resources
(See Report to
BANKERS
40
law.
tit
The Available Assets of the Company (at
31st Dec. 1878) over and above uncalled
Capital,
&
Chas. A. Sweet
This cumpany'B SurtMy.ship l» uccepted by many
of the principal V. H. Kailrniid Compunlcsand H*tnio
of the BiinkH. In (^iim<la Um Bonds are now uliiitmt
universally required by the Governments, Banks,
Uullways, and Commerciiil Infltituttims.
The Canada Guauanteb Company 1b the only
Company on the Ainortciin Continent that has
successfully conduct»3<I this business,— a result of
which is that it hus bi!iMi uhli! t(i establish a Bimiia
Bystemifor those whn hiivt' been 3 or mure years on
the books, whereby the subsequent premiums are
annually reduced,— ^/ic nduition this year in fmm 15
to 35 per ctut on the xmuuI rate.
The advantages of transacttnfr business with this
Cotupuoy aru that it U a well-established institution, and has umpio reserves, over and above its
capita!, to provide ajjuinst exceptional reverses.
The most complete and reliable information is obtained as to the antea-dnits of Employees, and this is
really of the tlr&t iiiiportanco to the Employer, as
also the system of periodical stipervision and revision of th(tse on the Comjmny'H Books.
Over *100.000 have ulr.-ady been patd by this Companv for N>sses by uiitaithful employees, -uHthout tt
FIDELITY & CASUALTY Ce.
securities bought and sold on conimi.ssion. Suttlemi'nts made for hi Iders of defaulted securities.
Will net as agents in funding and reorganizing debts
of municipalities, railroad companies, and otlier
corporation?.* Correspondence solicited.
John C.SnonT.fr uJ entjiw^fc, i jiew York.
a
_
• GEOUGE W. DEBirsWfiPrPrcs.
(/
„
^
Vice-Pres., Bostott
Hcius L. HCBBAIU), Asst.TreM.,Chloago.
.
WM. P. WAisoJf, Sec. and
—A
.
:
:
THE CHRONKJLE.
INTEREST AND DIVIDENDS ON
SEVEN PER CENT Memphis &
Municipal
10s.
Municipal
7a.
Natchez Jackson &
Columbus RR. Co.
-
Aid 8e.
*^MaVi etm.l?Clnclnnatl RailwayRailway
Co.* Chicago
PittiiburK Fort Wayne
Flrst roortltageTs.
Becond mortKase 78.
Terre Haute. Indiana—
...m.
Clilca«o * Terre Haute RR. AldTa. ,,
Bllansv. T. U. 4 C. Aid 7s, Nos. 46 to 66 and Nos.
for payment.
called
being
Inclusive,
95 to 100
Interest thereon will cease alter Aug. 1, i<»".
Auoi'ST
month*' dlTidenrt of $4 per share.
AUGl'ST
Galllpolls,
Ohio—
Municipal
A
1.1.
88.
.^
COUPONS DUE FIK8T PROX., AND
PRINCIPAL OF ALL BONDS due on
the
that
be paid on and after that date at the ofBces ol
CLARK, POST & MARTIN. 84 Pine St., New York,
Philadelphia.
B. W. CLARK & CO., 35 South 3d St.,
H. A. V. POST, Treasurer.
July l«th.
NEW YORK,
July
GALVESTON HARRISBURG
24, 1880.
SAN
&.
ANTONIO RAILWAY COMPANY COUPONS,
proximo,
flret,
will
be paid on and after
that date at the otHce of Messrs. Drexel, Morgan &
York.
Co., corner Wall and Broad Streets, New
CHARLES BABBIDGB, Treasurer.
LAKE
& WESTERN RAILWAY
ERIE
Coupons of the Lake Erie &
Western First Mortgage Bonds, due on the first day
of August, 1880, will be paid on and after that date
at the Metropolitan National Bank, New York City.
COMPANY.— The
B. G.
MITCHELL,
Treasurer.
LAKE SHORE & MICHIGAN
THE
SOUTHERN RAILWAY COMPANY. Treas-
urer's OfHce. Grand Central Depot, New York, June
26 1880.— The directors of this C'lnpany have this
day declared a dividend of FOUR PEK ENT upon
of
Its capital stock, payable on the second day
August next at this oftice. The transfer books will
be closed at 3 o'clock P.M. on Saturday, the third
day of ,Tuiv next, and will be reopened on the morn
sixth day of August next
ing
"^ of Friday, the
E. D. WOKCESTKR,
Treasurer.
<
& NASHVILLE
LOUISVILLE
ROAD COMPANY, NEW YORK
Wall Street, Rooms Nos. 9 and
RAIL-
OFFICE. No. 52
10.— NOTICE.—
The Louisville & Nashville Railroad Company dedividend
of Ave (5)
semi-annual
a
day
clared this
per cent upon the stock of the company, payable on
and after the 2d of August next.
Dividends on stock registered InNow York will be
paid at the office of the company. No. 52 Wall St.,
Room
No.
ST Wail
MOW OWKKD BY THB
St.,
ing interest.
N. Y.
Further particulars furnished upon application.
We offer a limited amount of the above bonds
at 92 and accrued intcreet, at whicb price tliej
will net the purchaser 8 per oent interest for 27
years.
LEVY
LAKE ERIE & WESTERN RAILROAD
No.
DIVISION.
SIX PER CENT
FORTY-YEiR GOLD BOXDS.
TOTAL 1S8UH, 1327,000.
(6)
1-t
Office of
BORG,
A.
WALL STREET, NEW YORK.
the New York Lake Erie
ft
Western R. R. Co.
Nrw York, June 25. 1880.
This
ComiJany
has made an arrangement with
Divlthe
upon
first
mortgage
These bonds are a
Messrs. DREXEL, MORGAN 4 CO. to extend the
Bion of the Lake Erie & Western Railroad Com- Fourth Mortgage Bonds issued by the New York &
pany which is now being constructed from Fremont
to Sandusky, O., a distance of 22 miles.
They are also a first lien upon all the terminal
grounds and Improvements belonging to the company in the City of Sandusky. As these bonds are
the direct obligation of the I^ake Erie S Western
Railroad Company, which is earning net a large
su-plus over all its fixed charges, they are a firstare authorized to
class Investment security.
interest.
offer the bonds for sale, at par and accrued
.
We
BROWN
1YAI.STON H.
BRO.,
&.
PINE STREET.
No. 11
Albert E. Hachfield,
NASSAU STREET,
17
BASEMENT,
Deals In Investment Securities and
Bonds Generally.
Erie Railroad Company, maturing Oct. 1st next, the
principal payable in forty years from that date, and
the interest April 1st and October Ist seml-innually,
at 5 per cent per annum, both in United States gold
of the present standard, weight and fineness.
The right to extend, as above, has been reserved
to such or the present holders as may desire to
avail of it and shall deposit their bonds for that
purpose with Messrs. Drexel, Morgan & Co.. prior to
the 15th of September ne.Tt.
Such bonds as may not be extended by the holders,
or be presented for that purpose by Messrs. Drexel,
Morgan & Co.. will be paid at maturity.
H. J. JEWKTT, President.
23 Wall Street, New York, Jnne 25, 1880.
Referring to the above notice of the New York
Lake Erie & Western R-iiiroad Compiny, we are
now ready to receive any of the New York & Erie
Railroad Fourth Mortgage Bonds for extension.
We are also prepared to buy at 100^ and accrued
interest any of the bonds the holders of which
may
desire to sell rather than extend.
DREXEL, MORGAN & CO.
WANTED
Toledo Logansport & Burlington Bonds.
Union & Logansport Bonds.
Rome Watertown & (igdensburg Bonds.Securities
Ind. Bloomintil'n li West. Old and New
New Jersey Midland Bonds.
N. T.
BROOKLYN
New York & Greenwood Lake
STOCKS
Gas Stocks,
Bonds.
At Auction.
"^WM.
of all
c'.'.-saes
ox
WEDNESDAYS AND SATURDAYS.
40RIAN
II.
MULl.ER
No. 7 PTXi; ?T'^1;ET,
Ac
&c,.
YORK.
NOYES,
C.
NASSA^U STREET,
BUYS AND SELLS
21
of
STOCKS AXn BONDS
BONDS,
NEW STREET,
1
NEW
AUCTION
The Uuderiigned bold MJ' JULAR
SALES
No.
BONDS
and
Beers, Jr.,
SECURITIES, CITY
FOR SALE:
10.
The transfer hooks will be closed from the 21 st of
July to the 5th August, both days inclusive.
H. VICTOR NEWCOMB,
President.
New York, July 7, 1880.
THIS BOAD IS
L. Iron Xonnt. & Sontheru RR. Co.
The net earnings are largely In exceu of the accru-
St
Sale, mt 95, fcy
FIRST MORTGAGE
The Railroad Equipment Company,
due August
|«00,000, being tS.OOO per mile.
SANDUSKY
date, issued by
will
Length of Road, 13B miles.
;
(DRIXEL BUILDING).
2S.
IN 1907.
IHTEKEST:
FOUR per cent for TWO YEARS.
BIOHT per cent for TWKNTY-FIVB TEARS.
Amount of Hortga«e, «2.e00,000.
Length of road, 100 miles whole issue of bonds,
For
AUOCRT 15.
Denver Booth Park * Pacific Railway Co.—
DUE
at
BRITTON & BURR,
TownahlpCs.
BU
Dne 1910. Interest April and October,
Bank of America, New Yorlt.
18.
CcDtreTllle, Indianft-
Rock
FIRST MORTGAGE BOXDS,
OF THE
CompanyLawrence tuiilroad "«•
•...-.-- —
mi'rtK"(-'e
First .u.
niDb
LawrencoburK. Indian*^
Little
RAILROAD COMPANY
Mortgage Bonds
First
Kokomo, Indiana-
XXXI.
Financial.
Financial.
Financial.
mm
[Vol.
CaHliglit Stocks.
Trust Conii>»nies> Slocks,
TclesrapU Stocks,
SON,
Tejeplioiic Stocks,
Railroad Stocks and Bonds.
new YORK.
ALSO,
•
FUR
MICHIGAN CENTRAL RAILROAD
THE
Grand Central
I COMPANY, Treasurer's
CHO-Cis:
of Investment and Miscellaneous
Securities not actively dealt in at the New
classes
A'l
Otllce,
New Vork, June 26, 1680.—The directors of
Company have tlilw day declared a dividend of
Depot,
this
FOUR PEK CENT
upon its capitil stock, payable
on the second day of August next at thH oftice.
The transfer books will be closed at 3 o'clock P. M.
on Saturday, the third day of July next, and will be
reopened on the morning of Friday, the sUth daj
of August next.
SiniTII
27
Indlauapolfs, Ind.
I'reasurer.
,
OFFICE OP THE NEW YORK
HENRY MORGAN,
SAINT
liOVIS
HAUTE "BR.
Treasurer.
ALTON & TERRE
WALL St., New Youb,
July 12, 1880.— To the Holders of SECOND MORTGAGB INCOME BONDS Of the ST. LOUIS ALTON
i. TERRE HAUTE RAILROAD COMPANY.
nesday, 11th
Inst.
W.
BAYARD CUTTING, P resident.
FFICE OF THE
WATER AND MINING CO., No.EXCELKIOR
13
New
Vork, July
20. IKHO.
Wall Street
-.."•.
.-i.ri.ei,
DIVIUE.ND No. 29.
The Excelsior Water and Mining Companv will
par a Dividend of TWENTV-FIVE CENTS" PER
SHARE at the OIBoe of WELLS, FA llOO CO (JD
Broadway, on August 5. The Tran.sfer Books will
Jfc
etosa on the 3!Bt inst.
H. B. pau.so.nsj.
Assistant Secretary.
Negotiates First-Class Railroad, State,
and City Loans.
Buys and
ALSO,
A
hand.
6c
W.\NrED
New
Vork.
J.
No. 7
:
City of St. Joseph, Mo.. 7 and 10 Per Cent Bonds.
City of Atchison, Kansas, Old Bonds.
County. City and Town Bonds of Western States.
Greenville k Columbia Railroad Bonds.
South Carolina Railroad Securities.
Indianapolis & St. Louis Railroad Bonds.
Joseph & Western Itultroad Securities.
& Pere Marquette Railroad Securities.
Huron A Lake Michigan BR. Certitlcates.
Buchanan County, Mi .souri. Bonds.
St.
Port
Omaha A .Vorthwestern KR. Bonds and
Detroit & Bay City llallioad Bonds.
Atchison Colorado
Slock.
& Pacific RR.
VTLEY,
Chew,
C.
WALl, STREET,
NEW YORK.
BONDS, LANDS, &e.
Desirable Texas Securities for Investment constantly on hand.
OH RESPONDENT WANTED
FOR A
LONDON FI.NANCIAL PAPER, to supply, twice a
month, a condensed, bat ATTRACTIVELY WRIT-
FOR SALE:
let Mort. Bonds.
Central Branch Union Pacific 7 Per Cent Bonds.
Jersey City, N. J., 7 Per Cent Bonds, due 1893.
31 Pine St., N.
W.n. R.
solicited.
TEXAS RAII.AVATS,
/
Flint
or on approved margin,
choico line of Investment Bonds always on
Correspondence
KIRK,
No. 4 Broad Street,
sells for cash,
Securities dealt in at the Stock Exchange.
all
All Classes of Railroad Bonds.
TOBEV
CO., No. 50
Coupons Of the above-named bonds due M{iy 1,
1879, and November 1, 1870. will be paid at the Company's office. No. 50 Wail street, on and after Wed-
NEBRASKA
MISSOURI, KANSAS and
PINE STREET,
NKW YORK.
(Member of N. Y. Stock Exchange.)
WANTED
PROVIDENCE & BOSTON RR. CO. (STONINGTON RAILROAD), NEW YORK, July 29, 1880.—
Clt7, County and TonrnsUlp Bonds
Quarterly Dividend of TWO (2) PER CENT will be
OF THE STATES OF
paid at the office of Messrs. M. Morgan's Sons, 39
William Street, New York, on the 10th day of
August. The transfer books will be closed from
theSlst of July to the Uth of August.
A. Moran,
Daniel
IIANNA^AN,
Sc
VANDBBBILT.
C.
York Stock Exchange.
7 Per Cent Mortgages,
TEN, Review
of
American Trade and Finance. Ap-
ply with specimen to
T,
G.
MILLS, " Money,"
26
Change Alley,SLondon.
—
AND
xmm
W
HUNT'S MERCHANTS' MAGAZINB,
REPRESENTING THE INDUSTRIAL AND COMiMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Cmigrees, in
VOL.
tlie
year 1880, by
Wm.
B.
Dana * Co.,
SATURDAY, JULY
31.
In the office of the Librarian of Con^rreM, Washington, D.
CONTENTS,
NO.
1880.
31,
CI
789.
OUR FOREIGN TRADE.
very gratifying to fee how the actual facts, as they
THE CHKONICLE.
have occurred, have dissipated, one after another, the
107 Imports and Exports for June 112
Latest Monetary and Commerand the
threatening clouds with which our too timid friends have
cial Euf;lish News
109
112
It is
Our Foreign Trade
Mexican Railroads
UnitedSiates
Condition ana Prospects
Fire Insurance
Steam or
News
110
Ill
114
8.
Securi-
I
Railway Stocks, Foreign
Exchange, New York Cfty
ties.
Baniis.etc
I
ll(i
Quotations of Stocks and Bonds 119
New York Local Securities
120
Investments, and State, City
and Corporation Finances... 121
12.')
Cotton
Breadstufls
12.')
I
indicated,
TIMES.
Dry Goods
131
Imports, E.xports and Receipts 131
when
we
we
at its height, the unsubstantial nature of
the feverish speculation of last winter.
ruptcy,
THE COMMERCIAL
Commercial Epitome
think
are entitled to the credit of having forecast the recovery
which has taken place as faithfully and clearly as
THE BANKERS' GAZETTE.
Money Market, U.
We
of late overshadowed the business horizon.
Commercial and Miscellaneous
of
Sail Pilot-Boats
General bank-
contracted business, unsalable crops, beggarly
prices, diminished railroad earnings, specie exports,
been a few of the
evils which,
130
have
since early spring, the
Of
despondent have been prophesying.
course, none of
thent have been realized, confidence has again returned,
and to-day
it
is
generally acknowledged that
The
the midst of precisely opposite conditions.
[Entered at the Post Office at New York, N. Y., as second-class
mail matter.]
record of our foreign
Comsiercial and Financial Cheoniclb is issued every Saturday morning, with the latest news up to midnight of Friday.
We
have
been
drawn
summary
into
this
trade for
which
the
we
thought
fiscal
are in
by the
year just
been issued by
These figures are
For One Year (including postage)
$10 20.
deserving of careful study, as they are the outward
ForSixMonths
do
6 10.
Annual subscription in London (including postage)
*2 78.
signs, the recorded evidences, which mark the varied
Six mos.
do
do
do
1 88.
Subscriptions will be continued until ordered stopped by a wrilUn
order, or lU the jmblicalion o^ice- The Pulilisbers caiinut lie responsible conditions and currents of business during the year.
for Remittances unless made by Drafts or Post-OlHce Money Orders.
We all know that it was on January 1, IS'i'O, that
AdTerdsements.
Five years of extreme
Transient advertisements are published at 25 cents per line for each specie payments were resumed.
Insertion, but when definite orders are given for five, or more, insertions,
depression,
during
which
the
most
sedulous habits were
a liberal discount is made. Special Notices in Baukiug and Fiuimcial
column 00 cents per line, each insertion.
cultivated and the most rigorous economy practiced,
London and I^lverpool Offices.
The office of the Chronicle in Loudon is at No. 74 Old Broad Street. were closed with that event. There were still those who
and in Liverpool, at No. 5 Brown's Buildings, where BUbscriptions and took a gloomy view of the future
it was not certain
advertisements will be taken at the regular rates, and single coiiies of
the paper supplied at Is. each.
that specie payments could be maintained, they said
WILLIAM B. DANA, \
WILLIAM B. DANA & CO., PubUshers,
and business, though carried on with much more freeJOHN a. FLOYD, JB. >
79 & 81 William Street, NEW YORK.
Post Oifice Box 4592.
dom, was yet conducted with great camion.
Sjon,
A
neat
of
doubt
was
removed,
file
however,
the
last
vestige
desponcover is furnished at .50 cents postage on the same is
, fje^
18 cents. Volumes bound for subscribers at $1 20.
complete set of theCo.M.MERciAL and Financial Chroni- dency gave place to a feeling of unrestrained buoyancy,
S^ For aI'^G.'j,
to date—or Hunt's Mekchanis' Magazine, 1839 to
5kS. ."'y'
a new vitality was imparted to every portion of our in1871. mqmre at the office.
dustrial system, and by the middle of May business
interests were again under full headway.
LONDON
LIVERPOOL OFFICES OF THE
As the fiscal year of 1879-80 opened, this feeling of
CHRONICLE.
confidence was strengthened when it became known that
The publishers beg leave to inform their subscribers and the
our crops were to be abundant, while in Europe the harpublic that they have made arrangements with Mr. John
vests were very deficient; it was further strengthened by
Jones, of 5 Brown's Buildings, Liverpool, to act as their
agent the circumstance that our railroads were showing graticlosed,
TERMS OF SUBSCRIPTiON-PAYABLE
IN
ADVANCE:
a
of
has
the Bureau of Statistics this week.
—
;
AND
in receiving subscriptions, advertisements,
&c., in that city
in
London.
The
office in
London
is
and
in the convenient location
No. 74 Old Broad Street, and in Liverpool at Mr.
Jones' present
office, No. 5 Brown's Buildings.
The large circulation of the
Cheoniclb in Great Britain renders it quite indispensable
to
have
offices in
found
it
these principal
citie.s,
and the pablLshers having
desirable to relinquish their former
office at No.
Austin Friars, London, take pleasure in announcing
that they
have secured the services hi Jlr. Jones in this
connection.
.'5
fying gains
in receipts,
and, later on, by the large influx
of the precious metals,
which, being no longer a com-
much
to our circulating medium.
There were other influences which for the time being
gave force to the current of speculative activity. During
the long period of financial prostration, stocks of goods
and of all articles of merchandise were allowed to run
modity, added just so
down, and consumption was kept within the narrowest
With renewed confidence, consumppossible bounds.
—
.
.
THE CHRONIC
108
tion returned to
replenished.
normal
ite
limits,
and stocks had
to be
and consequently stocks acHigh values for foreign goods
goods,
of
own
At
values for our
our imports, while high
seriously interfered with our exports.
point it became manifest that unless a change
swelled
.products
this
large shipmenU of gold would
Fortunately, here was a balance-
speedily
•occurred
'become necessary.
l.-)8, 837,98'?
289.310,542
189,356.67
243,335.815
316,447,283
238,745,580
808,864.375
380,027,178
447,300,262
475,285,271
404,774,883
Imp. 69,756,709
Exp. 1,318,824
Imp. 39,371,368
Imp.l57,609,a95
Imp. 72,716,277
939,056,072 1,277,195,897 Imp.338,139,825 2,216,251,969
187,811,214 255,439,179 Imp. 67,627,965 443,250,393
Average.
348,859.522
294,506,111
281,952,899
286,117,697
392,771,768
1866..
1867..
1868.,
1869.
1870.
434,812,066
395,761,096
357,436,440
417,506,379
435,958,408
Imp. 85,952,544
Imp.101,254,965
Imp. 75,483,541
Imp.131,388,682
Imp. 43,186.640
783,671,588
690,267,237
639,389,339
703,624,076
828,730,176
Tot. 5 yrs. 1,604,208,027 2,041,474,389 Imp.437,266,362 3.645,682,416
Average..
320,841,605
408,294,877 Imp. 87,453,272
729,136,483
1871
1872
1873
1874
1875
442.820,178
444,177,586
522.479,922
586,283,040
513,442,711
520,223,684
626,595,0""
642.136,210
567,406,342
533,005,436
Imp. 77,403,506
Imp.182,417,491
Imp.119,656,288
Exp. 18,876,698
Imp. 19,562,725
1,070,772,663
1,164,616,132
1,153,689,382
1,046,418,147
and
beneficial
963,043,862
Tot. 5 yrs. 2,509,203,437 2,889,366,749 Imp.380,163,312 5.398,570,186
Imports,
do not respond so readily to a change, as
Hence
•orders previously given out cannot be recalled.
extraordinary
reached
the
imports
April
the
it was that in
total of 74 millions, being about four millions in excess
of the exports, and the first excess of monthly imports
They have been more moderate
219,353,833
190,670,501
203,964,447
166,029,303
•of course,
since July, 1S77.
Excess of efforts Total imports
and exports.
or imports.
Imports.
Tot. 5 yrs.
We
year,
Total
exj/orU.
30.
1865
wheel, a sort of regulator to the whole system.
upward
Hjould not spare the gold, so prices declined. The
^movement culminated in the early part of the
the exports immediately began to feel the
•effects, and have continued large ever since.
XXXI
PC^OL.
1880, IHCI-nSIVK— SPECIE VAUTBS.
Tear end.
.
rapidly.
cumulated
LE.
TAWIE8 OF IMPORTS AND EXPORTS OF MERCHAVDISE FROM 1361 TO
feelJun*
Naturally enough from all these causes sprang a
commodities
of
all
Prices
ing of extreme elation.
making 1861
1862
were pushed up again and again, resuliing in
world for every 1868
1864
this country the best market in the
description
J
since,
Average..
501,840,687
577,873,349 Imp. 76,032,662 1,079,714,037
1876....
1877....
1878....
1879....
1880....
540,384,671
602,475.220
694,865,766
710,439,441
835,793,924
460,741,190
451,323,126
437,051,532
445,777,775
667,885,565
79,643,481
Exp.151, 152.094
Exp.2.57, 814,234
Exp 264.661,666
Exp.167,908,359
E.xp.
1,001,125,861
1,053,798,346
1.131,917,298
1,156,217,216
1.503,679,489
Tot. 5 yrs. 3,383,959,022 2,462,779,188 Exp.921, 170,834 5,846.738,210
Average..'
492,555,837 Exp,184, 235,967 1,169,347,642
676,791,804
features in this tabulation are the steady
the exports, the diminution of late years,
The leading
growth
in
though still large. We
prior to '79-80, in the imports, and the slight fluctuand imports for each month of the last three fiscal years.
that
ations between 1872 and 1879 in the total trade
Imports are reported first, because they bear the most
During
the
together.
taken
exports
and
imports
is,
conspicuous part in the year's results. The steady rise
gained 665
exports
the
1870,
ended
June
30,
years
five
from 41 millions in July to 74 millions in April will
on the preceding five years during the next
Iq the table of exports it will be millions
attract notice at once.
years
there was a gain of 905 millions, and during
five
aeen that the total for June is exceptionally heavy for
years 874 millions. The growth during the
five
the
last
the season of year. This is due to the large exportalast two periods did not vary greatly, it will be seen.
tion of grain.
While the exports for the five years, 1876-SO, wore
IMPORTS OF MERCHANDISE.
more than three and a-half times those for 1861-65, the
imports were less than twice as much. The latter in1879.
1878.
1877.
creased rapidly enough during the ten years, 1SC6-75
$41,287,507
$37,061,429
$40,906,476
July
43,082,769 in 1866-70 there was an increase of 764 millions, and in
36,954,681
39,218,046
August
give below the totals of exports
—
;
;
December
decline, the total for
$33,515,640
35,373.419
41,856,611
42,136.101
35,376,046
38,890,451
$55,'208,488
$437,051,532
$445,777,775
$667,885,565
.
March
April
Miiy
June
Total.
1880
1878.
$35,699,260
32,908,153
37,637,871
36,208,347
35,223,057
35,506.288
.
.
but after
1871-5 a further increase of 848 millions
marked
very
was
a
there
year,
last
until
the
perio
that
^
37,412,632
37,429,897
38,254,537
31,516,331
January
February.
44,224,878
47,789,142
50,467,271
59,602,961
34,781,983
42,043,786
36,354,189
30,534,076
September.
October
Kovember..
1879.
55,617,471
70,886,561
74,366,455
64,87ti,6«0
60,445,.?82
EXPORTS OF MERCH.iXDISE.
1878.
1877.
August
(September
bctobOT-,'.
. .
November
December
.»,
....'.-
.
January...
February.
jlaroU
April
1878.
60',13'.?'SZ§
54,766,.i33
May
46,734,991
June.
Total
I
$694^65^
$710,439,441
in
movement received
The component
This,
however,
may
be mis-
parts of imports and exports
varied of course, the imports being large for the first
four years and the exports for the last four years, bat
not essential to our present purpose. The point
make is that the values above would seem to
indicate that our commerce remained about stationary
this is
we
$835,793,924
^^^^^^^
progress made in our f^'^f
^"""g
S the
^J^ ^^J^
clearly indicated
twenty years is most
S »
as is done h^
in five-year groups,
totals
—
years 1872-79 inclusive.
m
nxillions
was 90 millions above the average for 1871-5, and
nearly 26 millions above the highest ever made namely
This gives some idea of the
642 millions in 1873.
danger that at one time threatened during the past fiscal
year, and of the harm which would have been done had
leading.
for tL ^^^.^^
Turning to the totals
^^^^^ ^^^^^ ^^^
previous
y
comparing them with
^^^ ^^ find— what is
both as regaro^ .^^^^^^^
^^^ exports
not surprising— that
largest on re
^^^ .^
the values are the
previous fisc.
^^^^ ^^ ^^^ ^.^_
exceeded those of the
were only U. .^^.^^^ .^
exports
lions, while the
^
>
oi
baUnce
cutting down the trade
^^^^^ ^^^^ ^^
ons
1878-9 to 168 mill
_
1876-80 being 426 millions below
total for the year just closed
Yet the
a timely check.
of exports and imports, the
aggregates
the
As regards
constancy for the
remarkable
a
above
show
given
values
1879.
$39,409,194
64,828,737
66,154,745
54.341.862
52,355,260
45,095,081
''^r''-239,089
^°';y734,619
that of 1S71-5.
not the
1879.
$47,724,180
59,242,619
58.134,967
65,567,939
70,103,425
67,481,382
$38,490,406
42,719,698
50,290,322
59,774,941
64,467,690
70,285,198
July
^
;
wish to
during these eight years, whereas such has not been the
It is well known that during at least five years of
case.
this
time
were
steadily
declining,
so
that
was a large augmentation in the aggregate
about 347 millions. It would be interesting to know
just what proportion of this sum is due to the much
there
values which were current.
There is one other point to which we would call atteotion, and it is really the most important one to remember.' We refer to the fact that the above record indicates
^^^ higher
last
prices
instead of indicating a standstill the figures above should
be taken as showing progress. The past fiscal year
JULY
THE CHRONICLE.
31, 1880.]
that the large favorable balance of the last few years is
not by any means a fixed condition, certain to remain.
In 1878-9 the balance, as already stated, was 264 millions; in 1879-80 it was but 168 millions, and in one
month of the latter year (through our folly, as we have
Exseen) the imports actually exceeded the exports.
high
of
the
continuance
such
as
a
cessive importations
—
—
months or a diminution in
prices of manufactures,
inflated
through
the exports,
margin. This point
endanger
this
again
quickly
would
It was
is important because of its bearing on the future.
the panic of 1873 that made resumption possible. An
abandonment of the habits of extravagance fostered by
inflation, and a return to thrift and economy, quickly
diminished our imports, increased our exports, and turned
the tide in our favor. This led to a decrease in our exports of coin and made possible the accumulation of gold
necessary before resumption could take place. Last year
the same habits and practices produced a complete
change in the movement of the precious metals; but that
movement was checked and actually reversed by a few
Can we
months of extravagance and wild speculation
rate current during recent
feet
109
above Vera Cruz; but the road
is
said to be one of
the best-built roads on the North
American Continent. It
earned last year £051,447 gross, against £578,850 in 1878.
After paying expenses of operation and maintenance,
and deducting the full interest charge on the eotire
debt, there remained in
1879 £127,919, equivalent to 5
per cent on £2,554,100, the amount of the 8 per cent first
preference shares.
Besides these shares there are £1,011,960 of 6 per cent second preference
Such are the
of ordinary shares.
and
£2,254,720
results of operation of
the one road of any importance in Mexico.
As
to the roads projected there are but
two that have
shown any signs of life. These are the .Sonora
Railway and the Mexican Central Railway, both largely
controlled by Boston capitalists in the interest of theAtchison Topeka & Santa Fe, though some prominent men
in New York, Baltimore, Philadelphia and Chicago are
hitherto
These corporations are organized
under a Massachusetts law, which grants authority to conalso heavily interested.
struct
roads in foreign countries.
Massachusetts
the
is
It
is
claimed that
only State which has given such
The Sonora was the first company organized
law and the Mexican Central the fourth, the
Mr. Thomas
will exhibit the yearly excess of imports or exports for Palestine and Tehauntepec coming between.
NickersonJ to whose executive ability, wise management
each year since 1860:
!
afford to repeat that experience?
IMl'ORTS
The subjoined
table
AND EXPOBTS OF GOLD AND SILVER, 1860-80.
rear ended June 30.
Exports.
Imports.
I860..
1861..
1862..
1863..
1864..
1865..
1866..
1867..
1868..
1869..
1870..
1871..
1872..
^06,546,,239
29,791,,080
36,887,,640
64,156,,611
105,396,,541
07,643,,226
86,044,,071
60,868,,372
93,784,,102
57,138,,380
58,155,,666
98,441,,988
79,877,,534
1873.
1874.
1875.
1876.
1877.
1878.
187a.
1880.
84,608 574
$8,550,135
46,339,611
16,415,052
9,584,105
13,115,612
9,810,072
10,700,092
22,070,475
14,188,368
19,807,876
26,419,179
21,270,024
13,743,689
21,480,937
28,454,906
20,900,717
15,936,631
40,774,414
29,821,314
20,296,000
93,034,310
66,630, 405
92,132 ,142
56,506; 302
56,162 ,237
33,740; 125
24,997,,441
17,142 919
i
I ..
E..
E..
E..
E..
E..
E..
E..
E..
E..
E..
E..
this
the success of the Atchison Topeka &
no small measure due, is at the head of
both these Mexican enterprises, and it is scarcely necessary
986,104
Santa Fe
is
will,
in
,548,531
,472,588
to say that the
,572,50(>
prosecuted.
,280.929
,833,154
75,,343,979
38,,797,897
79,,595,734
37,,330,504
31,,736,487
77,,171,964
66:.133,845
E..
E..
E..
E..
E..
63 127,637
38 ,175,499
71 231,425
4o: 569,621
15 ,387,823
E..
E..
,918,811
,701,441
,891,391
I
under
and untiring
Excess of exports
or imports.
E..
authority.
work
The Sonora Railway
of construction
will
is
being vigorously
run from Guaymas, a magnifi-
cent seaport on the Gulf of California, northeastwardly
to-
the Arizona frontier, there to connect with the Atchison
Topeka & Santa Fe which is being extended to meet it.
The subscribed capital is $1,200,000.
"Work is now
being actively carried forward and it is expected to have
86 miles, from Guaymas to Hermosillo completed before
the 1st of next March.
The Mexican Central project taken in its entirety emThis review shows us that although the country is in a braces a line from the City of Mexico to El Paso, with
most prosperous and promising condition, it is only branches to Laredo in one direction and to the Westthrough hard work and economy that we have secured ern Coast in another.
To get a correct idea of the
the condition or can long retain it.
present status of affairs in this enterprise, it will be neces..
sary to recall one or
MEXICAN RAILROADS AND THE UNITED
two
facts in its history.
Some time
ago the Mexican Central obtained the right of way for
STATES.
a
road from Mexico to Leon, 262 miles. The charter
In our article last week on Mexican railroads, we for this piece was originally granted to another corporareferred to the roads now building and also to one or ation, but it having failed to fulfil the conditions within
two railway projects engaging public attention there at the prescribed time, the Mexican President, by virtue of a
line of
It was not our purpose to take sides in any contro- power claimed to be vested in him, under an article (the
versy between rival parties for obtaining possession of 40th section) of the original concession, made the charter
charters.
Our aim was simply to note the fact that over to its present possessors, who are now pushing the
present.
propositions for additional routes were becoming quite work of construction under it with much energy.
Alreadynumerous, and that in the construction of new roads our over a millions dollars have been expended on it, and about
sister Republic presented just now a field of special activity.
4^ millions more are ready when needed, being the balance
As, however, some of our statements have been called in of the
$5,400,000 subscribed to the capital and not yet called
question,
we
this the
more
recur to the subject again to-day.
We
in.
Quite recently the Mexican Central bought a short
narrow-gauge road in operation between Celaya and Irapuelaborate one or two points but barely touched upon in our ato,
37^ miles, and this will be changed to standard gauge
last article, and also to correct some minor inaccuracies
The
of and made part of its line between Mexico and Leon.
detail into which we fell through insufficient information.
mile
on
per
about
$15,000
of
subsidy
Central gets a money
readily as
it
do
gives us an opportunity to
At the outset we may remark that the only railroad of the line from Mexico to Leon, besides receiving other
any prominence now in operation in Mexico is the Mexican
valuable privileges, such as exemption from taxation for
Eailway, which was built by English capital.
It runs from a number of years, and exemption from import duties on
Vera Cruz in a westerly direction to the city of Mexico. all material used in construction.
The road was completed on January 1, 1873, and toward its
The Mexicans have a peculiar way of ensuring the payconstruction the Mexican Government contributed about
ment of subsidies granted a railroad. In paying his cus$17,000,000.
It is very heavily capitalized, for its grades toms dues every importer is compelled to pay a certain
are extraordinarily steep, Mexico city being
about 7,000 proportion— 8 per cent we believe— in the Government's
..
..
THE (CHRONICLE.
110
rvoL.
if the duty sxacted by
must pay $80 in
importer
the Government is $1,000, the
the whole in
pay
to
wishes
Government paper. If he
Insurance Department,
lieu of
money, he can do so, but the law provides that in
induced
is
he
So
cash.
pay
$160
must
he
the $80 paper,
to purchase the paper even at a premium.
stands
paper issued to the railroad.
Thus,
this
before
is
us.
There
xxxr.
no change
is
number of companies since Jan. 1, but during
the number was diminished by 8.
Surplus over all
the
in
IS'TQ
now
$17,566,630, agains^
Jan.
$17,004,445
1,
showing an increase of $562,185. This is a happy
symptom, if it proves to be traceable directly to under-
As to the remainder of this Mexican Central project, from writing operations. Of the 81 companies, 04 show a
Leon to El Paso with the branches, a preliminary contract surplus gain and 27 show loss. A single company shows
was made with General Diaz, the Mexican President, and an impairment $6,040, against $10,841 surplus at the
There were opening of the year; 22 companies are in the enviable
submitted to the last Congress for approval.
par- condition of having a surplus larger than their capital
diSerent
from
various other propositions for railways,
howstock; of these 22, 14 are in this city, 5 in Brooklyn,
Congress,
time.
same
ties, before Congress at the
a
and 3 elsewhere in the State. The 14 city companies
passed
but
these,
any
of
on
ever, took no action
general law, to remain in force till its next session, have $6,59«,924 surplus, about 36 percent of the whole;
giving the President authority to grant concessions, under the 10 which have the largest excess of surplus above
—
conditions,
certain
to such railways
prove most advantageous
as seemed likely to
to the country.
It is
claimed
have $5,553,881, or 31 per cent of the whsle. The
following shows the condition of the companies of this
capital
by
State at the three half-yearly dates last past.
precedents for this course of action. Under this law, however, the preliminary contract already made will again
Number of companies
the Mexican Central people that this gives the President absolute power in the matter, and that there are
have
to be submitted to the President, this time for final
approval.
It should
be stated,
too, that this
preliminary
and the contract for the 262 miles between
Mexico and Leon were submitted to Congress at the same
time and that the latter was referred to a Committee upon
contract
Assets
/an. 1,1880.
81
81
579
$54,099, ,174
11,751, 213
11,240 501
1,560 ,378
322, 377
1,801 ,961
!f5r>,651,
Unearned premiums.
Unpaid losses
Other
Jm/I/1, 1880.
Iial>iliti08
38,090, 983
24,457, 020
17,56(> 630
Total liabiUtles*
Capital
Surplus over all
* Capital Included.
July
1.
1879.
83
$53,714,042
10,616,33«
1,641,861
684,424
37,049,642
24,107,020
16,676,767
323 ,172
37,072: ,655
23,707, 020
17,032 ,135
On its face, this is an encouraging showing, but we
have
next to examine the results of the half-year's busiconstitutional questions, who decided that the President's
ness,
thus:
action in the matter was all that was necessary to confirm
the rights.
Six Months ending July I, 1880.
Besides the above, the only other projects at present
Fire premiums
Fire Josses paid
engaging attention are those we referred to last week. As
Marine premiums
the Southern Pacific Railroad is now Marine losses paid
is well known,
Interest income
extending its line to EI Paso. Recently they have laid Tota,l
income
Dividends
paid
out a scheme for a connection with the City of Mexico
.
same as that of the Mexican Central. It
provides for a line from Mexico City to El Paso, with
Another project is
branches to Laredo and San Bias.
that headed by General Palmer.
He has for several years
been engaged in seeking to build a narrow-guage line over
precisely the same route, to connect with the Denver &
Rio Grande Railroad. As, however, in the settlement
made a short time since between the Denver & Rio Grande
and the Atchison Topeka k Santa Fe, the former company
substantially the
The
1879.
$17,163,122
9,643,882
$9,347,543
5,461,486
642,819
563,419
1,218,353
11,327,284
1,298,142
4,165,399
11,488,447
.
.
Other expenditures
Total expenditures
Whole Tear
.
.
1,326,428
1,395,448
2,591,780
21,252,208
2,730,990
8,060,176
21,830,479
and marine premiums (marine companies not
all in this article) were $9,990,362; fire and
marine losses, $6,024,905; working expenses of all sorts,
and taxes, $4,165,399;- deficit, $1,199,942. This deficit
of $200,000 between premiums less expenses, and losses
paid, of course, together with dividends, had to come out
of interest on investments.
And, so far as the half
year's business goes, the interest did not quite make good
agreed not to extend its line into New Mexico, we presume the deficit, for the total expenditures exceeded total
Precisely similar results attended
the narrow-guage project has been abandoned, and that receipts by $161,163.
now the Southern Pacific interest and the Palmer interest the business of the year 1879.
The net result having been that more was paid out
have been united. One rumor has it that a syndicate has
been formed in this city which includes both of the above than was taken in, in all ways, during the past eighteen
parties, besides many others. Jay Gould among them, to months, the increase shown in assets may seem to require
In part this increase is due to new subsecure this same route as against the Mexican Central, and explanation,
that in the interest of this syndicate an injunction has been scriptions made to capital stock of a few companies; the
applied for in Mexico to prevent work on the road by the remainder can be ascribed only to appreciation of investMexican Central people. "We do not vouch for the truth ments, which are put into account at their market value.
of these latter statements.
The
public
is
interested in this subject only in desiring
a railroad connection with Mexico, to be carried forward
as rapidly as possible.
It is an undertaking of great
promise to this country, as it will, when completed, turn
fire
included at
It is useless to try to
nor can
it
regard this exhibit as flattering,
be called encouraging or hopeful in any sense
work out
unless in the probability that the trouble will
its
own
cure somehow.
There certainly
is
trouble in
any business which is proven, by the single fact of outgo
Mexico through the United States. exceeding income, to be carried on at less than cost.
For many years has this enterprise been talked about, but Whether rates are too low ; whether fires are too many
no real progress was made until the Atchison Topeka & and the proportion of loss in them too large whether
Santa Fe parties became interested in the Mexican Cen- expenses are inordinate or whether the trouble is a
tral.
On that account the public will be inclined to favor combination of all these we can discuss these questlieir enterprise, until a more promising one is presented.
tions, but we cannot ignore the fact that fire underThese results cannot
writing is not in a good way.
CONDITION
PROSPECTS OF FIRE IN- be called transient and exceptional. There has been no
SURANCE.
extraordinary and notable fire loss during the past halfThe chart showing condition of the joint-stock fire year, and there is no way of escaping the admission
iDsarance companies of this State July 1, issued by the that the business is going wrong of late years.
the whole
trade
of
;
;
—
AND
Jolt
THE CHRONICLE.
31, 1880.]
It is obvious that an increase of assets and surplus, in
Ihe face of an outgo larger than income, can arise only
in incidental
ways
like increase of capital
and apprecia-
tion of investments; but such aid cannot be continuous,
and exhaustion under results like these is only a question
"legislate upon
HI
the subject
itself.
The
State, there-
has absolute control of the subject. It may
" maintain a compulsory pilotage service, or may abolish
" it altogether.
Whenever the Stated, in the judgment
"fore,
"of Congress, abuse the powers which have been, not
"condded to them, but permitted to remain with them,
surplus is very unevenly distributed, and that there are "it can legislate upon the subject and take fall control
some companies already which have no ability to stand a "of all matters relating to it; and until Congress does
longer drain of unsuccessful business. Unpleasant as " this, the power of the State is unlimited except by its
Nor
of a few years at best.
to be forgotten that
is it
premiums, "own constitution and laws."
As to the extent of this
by prolong- power, the decision remarks, in comment upon the plea
ing this condition of things. If higher premiums are that Congress has not expressly empowered the State to
necessary, the sooner the remedy is applied the better keep steam out of the pilotage service, that " it is not so
If discrimination in rates according to "much what Congress has empowered the States to do as
for all interests.
risk should be more intelligent and severe, let us have " the fact that Congress has not legislated at all upon the
that without delay. One thing, at least, must be under- " subject" which gives the State the right of regulation.
This is conclusive as to the power of the State over
stood and insisted upon that the elasticity of rates and
But
rules, according to the customer, must not be continued. pilotage and the validity of the Stale act of 18J3.
Fire underwriting must take some position, and adhere whether that law intended, or should be construed, to
to it. To write policies under cost, merely because some confer upon a local board the powers now claimed, is a
other company will or may, and for the sake of getting separate question, and an affirmative answer to it by no
the business business which, taking out more than it means follows from what has already been said. Pilots
this, obviously and properly, means
are to be licensed
is a process
brings in, contains the seeds of insolvency
the prospect
it is
of a heavier tax in the
is
form
of
certain that the public can gain nothing
:
—
that wast
—
;
that they are to pass, like engineers In charge of steam-
somehow be stopped.
They
engines, an 'examination as to their fitness.
are to
STEAM OR SAIL FILOT-BOATS.
be " attached to a boat approved of " by the CommisAbout three years ago we had occasion to discuss the sioners. This evidently means that they are to have
then timely subject of the burdens imposed upon com- power to pass upon the fitness of the boats proposed
merce at this port by the band of a dozen harbor mas- for service. But what is implied in such discretion ?
ters,
who
are a sort of policemen ofthe river fronts, and
whose support a duty based upon tonnage had been
assessed under State law, which law had just at that
time been overthrown by a decision of the United States
Supreme Court. The perennial question of obstruction
to commerce here has for some months past been up in
the form of a conflict between the old system of pilotage
by use of sailboats the sails of which, bearing the
designating number of the vessel in huge black figures,
have long been familiar in our bay and the new system
for
—
—
The
of using steam.
manner which brings
By
case has just been in the courts in a
it
up
clearly in a position for review.
a Slate law, dating from 1853, the
Board of
local
Pilot Commissioners have supervision of pilotage herej
That the legislature has granted the power to exclude
steamboats in other words, the power to decide of
what kind (as well as in what condition of efficiency)
in express terms, is not pretended
the boats shall be
—
—
;
and, obviously, to claim
that the general discretion to
approve or disapprove boats goes so far as to
the class as broadly as in
this
case,
is
restrict
to claim for th^
Commissioners virtually absolute powers.
The use of a pilot boat is to convey pilots to and from
the vessels which they are to serve. Their services being
prolongation of voyages, and, therefore, so
is so much
much added
to the costs of transportation, besides being
(what
adjudged necessary, delay
in
such conveyance
is
of
great importance to the city and State) an additional
and are authorized to revoke or annul the license of any
who shall not be attached to a boat approved of
•'
by said Board." It appears that a certain pilot
attached to boat No. 10 asked and obtained permission
to replace his boat with another which should bear the
same number; he having procured a steamboat the Pilot
Commissioners passed a resolution prohibiting the use of
.steani^. The pilot in question disregarding this and proceeding to use his boat, the Commissioners notified liira
to and fro most quickly and cheaply by swimming, or
by paddling a raft, or by a row-boat, or by a balloon, the
logic in the case would be that the choice of methods
should be regulated by their respective merits. If steam
has no practical advantages, pilots who try it will be
left behind and it will quickly be abandoned; hence if it
is not the most effective method, there is no way of
Jo appear
accounting for the opposition of the other pilots to the
pilot "
for a hearing of charges against him, where-
burden
in
the
Atlantic ports.
competition
Were
it
between
this
and
other
the fact that a pilot could go
upon he appealed to the courts for a writ prohibiting use of this single lug. On the other hand, their opposithem from taking any action in the matter.
tion may be understood to mean that they do not like
It is not denied that jurisdiction
over this subject
is
vested by the Constitution in Congress.
But that body
has not yet exercised it, but has ceded it temporarily to
the States by a law passed August 1, 1879, which
provides
that
" in
ulated
pilots
shall
conformity
to
continue
the
to
existing
be
laws
regof
being diatanced in competition, and that they are themselves hampered for the present by having property in
sailing vessels for whic'i they dan p^ceive no purchasers,
as ihey liave been built for an exclusive service.
Viewed
in this light, the case is
only a renewal of the
opposition of the stage coach and canal to
the railroad.
among
wherein such pilots may The
"be, or to such laws as the States may respectively here- the most earnest and influential opponents of George
" after enact for the purpose."
As Judge Van Brunt Stephenson and the Stockton ifc Darlington Railroad, about
remarks, in his decision in favor of the Commissioners' sixty years ago. To suppose the Lagislature intended
power to make a rule excluding steam, the act of 1879 to confer upon a petty local board the power to restrict
"was nothing but a notice to the Stales that, for the the commerce of this port to an antiquated method is to
"present at least, all questions of pilotage would be left impute to that body an unwarrantable fatuity. Further"the
"to
States
the
canal companies, then very powerful, were
respectively
Slates
until
Congress
should
choose
to
more,
it is
proper to remember that this method was not
—
..
.
,
THE CIHRONICLE.
112
OOLD AND SILVER— COIN AND BULLION.
then as antiquated as it has since become. The comparaas of
tive commercial effectiveness of steam and sails
the paddle-wheel and the screw-propeller was then
undecided. The reasonable presumption is that the disor
tinction between steam and sail was not considered
only
that
but
law,
thought of in framing this particular
—
—
For
the
For
month of
June.
1680.
—^Exports—Domestic
Foreign
Total
Imports
the
12
months envied Jime 30.
$489,274
765,721
$1,254,995
1,432,855
$177,860
$9,347,893
7,795,026
$17,142,919
93,034,310
$75,891,391
$2,5.39,489
$17,555,035
7,442,406
$24,997,441
20,296,000
$4,701,441
Excess of imxwrts over exjwpts
s regulative power in respect to qualifications of the
As
pilots and the fitness of their vessels was intended.
corroborative of this view, we may mention the fact
that, in 1853, the tonnage, American and foreign com-
1879.
—Exports —Domestic
Foreign
499,449
$3,038,938
Total
Imports
Excess of exports over Imports
Excess of imports over exports
bined, of sailing vessels entered at seaports of this country from foreign countries was 3,884,533, and of steam
1,576,649
$1,462,289
TOTAL MERCHANDISE AND SPECIE.
1880.—Exports-Domestic
vessels 272,449; while in 1878 the tonnage of sailing
vessels had risen to 6,219,446, and that of steam vessels
$71,539,642 .$833,454,692
19.482.151
1,984.416
$73,524,058 $852,936,843
01.878,237 760,919,875
$11,645,821 $92,016,963
Foreign
Total
Imports
Excess of exports over imports.
Excess of imports over exports.,
to 5,310,581.
merits of the case seem hardly to require much
The gist of it is that it is a piece of obstruc-
The
XXXL
[Vol*
1879.— Exports—Domestic
discussion.
$46,918,173 $715,895,825
1,215,846
19,541,057
$48,134,019 .$735,436,882
40,467,100 466.073,775
$7,666,919 $269,363,107
Foreign
number of persons who natuhave their property made useless and
tion on the part of a small
Total
Imiwrts
do not like to
Excess of exports over Imports.
Excess of imports over exports.
their temporary profits interfered with. Their right to
The following is a statement showing, by principal customs
«arn a living is admitted, but when they ask to be susdistricts, the values of merchandise imported into and exported
in
commerce,
tained in virtually putting a tax upon
from the United States during the month of June, 1880:
rally
order that they may continue earning it in existing
Customs Districts.
methods, the case is altered. The larger interests must
and will have their way, for pilots who happen to own Baltimore, Md
sailing vessels have no more claim to have their in- Boston, &e.. Mass
Brazos, &c., Texas
terests respected, as if they were vested and under con- Bnffalo Creek, N. Y...,
Cape Vincent, N. Y
tract, than anybody else has who finds himself compelled Champlain, N. Y
The
the General Term of
to modify his business to suit changes of the times.
been appealed to
the Supreme Court, and it is understood that he will
meanwhile continue using his steam-tug. If the Commissioners do not give way, they can be displaced by
men of less narrow views; or the Legislature can intervene; or Congress can take up the matter. In one way
or another, the attempt to make our commerce support
a small fleet of less useful boats will certainly be
pilot's case has
Corpus Christl, Texas.
Cuyahoga. Ohio
Mich
Dnluth,Minn
Galveston, Texas
Huron, Mich
Detroit,
Key West. Fla
Miami, Ohio
Milwaukee, Wis
Minnesota, Minn
Mobile. Ala
New Haven, Conn....
New Orleans, La
New York, N.Y
Niagara, N.Y
Norfolk, Ac, Va
,
Oswegatchie, N.
Oswego, N. Y
Y
Passamaquoddy, Me..
IMPORTS AND EXPOR TS FOR JUNE, AND FOR
TWELVE MONTHS ENDING JUNE 30, 1880.
[Prepared by the Bureau of StatisUcs.l
Below
given the twelfth monthly statement for the fiscal
year 1879-80 of the imports and exports of the United States
The excess of exports of merchandise, stated in specie
is
:
values, was as follows
Month ciulcdjunc 30, 1880
Month ended Juno 30, 1879
Twelve mouths ended June 30, 1880
Domestic
Foreign
Exports.
Exports,
$1,617
126,359
132,521
1,180
$1,776,214 $5,614,570
5,649,173
5,626,979
151,596
65,166
245,266
31,897
4,196
59,91
257,899
137,090
440,729
35,361
222,431
503,093
87,557
20,373
96,147
27,565
275,268
123,243
7,238
84,772
468,130
160,286
199,543
704,462
142,373
35,994
494,093
1,580
10,510
537,553
29,082
105,322
56,542
437,281
153,772
7,8
4,820,533
895,388
40,562,825 41,149,704
2,241
236.218
898,332
221
313,630
110,307
70,449
137,484
412,944
39,233
80,896
92
123,316
5,031,591
3,928,667
163,94107,064
148,778
468
66,637
3,897
4,060,145
1 ,234,839
216,499
139,780
80,576
437,023
124
205,507
491,399
188,355
C
Charleston, S.
Chicago, 111
Oregon Oregon
frustrated.
Imports.
Pensacola, Fla
Philadelphia, Pa
Portland, &c.. Me
Richmond, Va
Saluria, Texas
San Francisco, Cal
Savannah, Ga
Vermont, Vt
Wilmington, N. C
All other districts
390
2,260
221
6,624
649
21,649
11,349
8,727
20,073
744,438
50,201
9,423
31
"i',954
17,198
"i',7'56
59,837
238
$60,445,382'$71,050,368 $1,218,695
Total
:
Twelve mouths ended June
30,
$11,823 681
6,204630
167,908'359
264,661 1666
1879
The
excess of imports or exports of gold
bullion was as follows
and
silver coin
and
:
Month ended June 30, 1880, exce.ss of imports
Mouth ended June 30, 1879, excess of exports
1,462'289
75,89l'391
4,701,441
The total values of imports and of domestic and foreign
exports for the month of June, 1880, and for the twelve
months ended June 30, 1889, are presented in the following
tables, all in specie values
:
[CoiTBOted to July 22, 1880.]
For the
month of
June.
Total
,
Imports
Excess of exports over imports.
Excess of imports ovei- exports.
1879.—Exports—Domestic
Foreign
Total
Import*
Excess of exports over Imports.
Excess of imports over exports.
On-
Time.
Paris
Paris
S25-40
5-50
25-50
®25-55
3mos.
Antwerp....
Amsterdam
Amsterdam
Berlin
Hamburg
. .
Frankfort
. .
For the 12
months ended June 30.
Short.
3
nios.
"
"
'*
$71,0,50,368 $824,106,799
1,2] 8,695
11,687,125
$72,269,063 .$835,793,924
60,445,382 667,885,565
$11,823,681 $167,908,359
$14,378,684 $698,340,790
12,098,651
$45,095,081 $710,4.39,441
38,890,451 445,777,775
$6,204,630 $264,661,666
Bt.Pctersb'rg
'*
Madrid
*'
Cadiz
Lisbon
"
Copenhagen.
Bombay
..
..
Calcutta ....
Hong Kong..
Shanghai
12'4
20-65
20-65
20-65
12-00
®12-4i3
®20-6a
®20-68
®20-68
**
Time.
Hate.
July 17 Short.
25-32
July
July
Short.
25-34
(I
1212
® 12-05
1:
y.
siiort.
July 1
July 1
July 17
JiUy 17 3mos.
20-50
20-50
20-50
117-70
3mos.
27-80
25 ®24''8
47 "234739
4715 ie®47i3ifl
52" 16®52l2
®28-30
July
1'.
July
JiUy
July
July
July
July
14 3mos.
17 Short.
17 4mos.
® 18-45
....
30 days
Latest
Dattc
e 25-55
12' 2®12-3
28-20
18-42
Genoa
Alexandria.
New York...
Male.
Short. 25-30
Vienna
MERCHANDISE.
Foreign
AT LATEST DATES.
EXOUANOE AT LOXDOy—
EXCHANGE ON LONDON.
July 17.
$177 860
Twelve months ended Juno 30, 1880, excess of imports
Twelve months ended June 3o, 1879, excess of exports
1880.— Kxports— Domestic
pi0nctavs5®0tttmct:cial^ii0llsftli^cws
RATES OF EXCHANGE AT LONDON AND ON LONDON
Is. 83ied.
Is. 83iod.
17
17
17
"9714
4-8314
Is.
Is.
39.
58.
SBigd.
833d.
9^id.
3d.
[From our own coi-respondent.J
London, Saturday, July 17. 1880.
There has been a fair demand for money during the week,
and in the open market the rates of discount have somewhat
improved. The Stock Exchange settlement, which has been
arranged without any difficulties being brought to public notice.
—
JCLT
..
:
:
THE
31, 1880.]
(JHRONK.^LE.
has also created a demand for loans, bat the Bank return shows
that further repayments have been made to the Bank of England and it also points to the conclusion that the Bank of England is not transacting a very large discount business. Money
seems, however, to be in fair general demand, and there is now
less probability of the Bank rate being further reduced. There
may be some relapse before the autumn demand sets in, but
there is no reason to expect any return to the state of depression which has characterized the money market at this period
of the year for some seasons past. The process of improvement may be slow, but progress is being made, and there is
every reason to believe that business is .being conducted on a
sound basis, which is calculated to lead to a farther healthy
development. The quotations for money are now as under
Open-market ratos —
Per cent.
2^3
4 moiitliR' bank bills
Bank rate
l''e*2>8a2i4
6 months' bank bills
Opca-market rates
4 & 6 mouthu' tiudo bills. 2i-j o^S
l^al'a
30 aud 00 days' bills
l^Sl'^a
3 months' bills
The rates of interest allowed by the joint-stock banks and
discount houses for deposits are as under
Per cent.
Joint-stock banks
l>i!
Per
»
Daring the last few days, howhas been a better feeling, and in the value of
British railway shares, a recovery has taken place.
United
States Government securities have been firm, but other foreign
stocks have been rather dull. Business will now be upon a
restricted scale, as the holiday season has commenced, and for
about six weeks or two months there will be many absentees.
Parliament, however, will not be prorogued for a month.
The following corrected figures of the trade of India fo r
1879-80 have been published, and are compared with those of
the three preceding years
:
1876-7.
1877-8.
1878-9.
1879-80.
Imports—
£
Mercliandise
Treasure
35,307,177
11,436,118
39,326,003
17,355,460
36,566,195
7.056,748
.39,7M71«
46,803,295
56,681,463
43,022,943
51,388.605
60,961,632 65,185,713
3,942,580
2,155,136
60,893,611
3,895.545
07 108 861
Total imports....
£
£
_
ExportsMerchandise
Treasure
11,654|8»5
1.928|828
Total exports.... 64,904,212 67,340,849 64,789,150 69,097,089
Total private trade. 111,707,507 124,022,312 108,412,099 120,486,294
Excess exports of
.
merchandise
Excess imports
25,594,455
25,859,710
24,327,416
27,435,151
7,493,.538
15,200,324
3,161,203
9,726,067
10,659,336- 21,166,213
17,709,084
of
treasure
with 7 or 14 davs' notice
a statement showing the present position of the
Bank rate of discount, the price of Consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fairsecond quality,
and the Bankers' Clearing House return, compared with the
three previous years:
Annexed
Bank
the crops to a serious extent.
ever, there
cent.
3>iscount huuttcs at call
Do
lia
Ls
of England, the
1880.
£
Circulation, including
Bank post bills
27,703,849
Public deposits
5,049.671
Other deposits
26,908,517
Govermu'tsecHrities. 15.545,921
Other securities
17,970,747
Kes've of notes & coin 16,561,976
Coin and bullion in
both departments.. 29,020,971
Proportion of reserve
51-43
to liabilities
1879.
1878.
£
S,
1877.
£
29,673,298 23,673,517 23.904,065
4,049,549
4,757,974
5,351,.?3i
33„511,228 22,900,336 24,632,345
16,749,642 17,673,519 15,889,088
17,916,344 18,842.837 18,249.551
21,137,027
9,328,126 14,031,602
Net excess exports
of private trade
Do., including
18,100,917
Gov-
ernm't transactions
16,167,038
8,613,679 20,062,399 16,427,858
It may be interesting to compare with the surplus exports
the amount of Council Bills drawn on India, taken, for the sake
of uniformity, with the trade figures, at the nominal rate of
2s.
the rupee:
1876-7.
1877-8.
1878-9.
1878-80.
CouncilBill8,at2s. £14,857,512 £11,698,500 £16,912,361 £18,350,000
Taking the four years together, the excess exports aggregated £61,270,974 and the Council Bills £61,818,373, being thus
nearly equal.
It may be noticed that imports of cotton goods recovered
from the depression from which they had suffered in the
previous year, the figures being 1877-8, £20,17a,716 ; 1878-9,
£16,906,556 ; 1879-80, £19,652,548.
Exports of raw cotton
showed a great advance, as follows 1877-8, £9,383,534 ; 1878-9,
1879-80,
£7,913,046 ;
£11,146,503. The value of opium exports
was 1877-8, £12,374,355 ; 1878-9, £12,993,979 ; 1879-80, £14,323,314. In wheat there was some recovery
1877-8, £2,856,990 ; 1878-9, £513,778 ; 1879-80, £1,121,014 ; and in jute a continued expansion
1877-8, £3,518,114 ; 1878-9, £3,800,426 ;
1879-80, £4,370,032. Exports of tea declined 1877-8, £3,044,571 ; 1878-9, £3,138,423
1879-80, £3,051,020.
While the
quantity of tobacco exported declined from 13,723,660 lbs. to
11,412,095 lbs., the value rose from £126,322 to £129,810.
The
quantity was about the same as in 1877-78, but the value
greater by £36,000.
:
35,446,067 22,693,891
27,629,692
55-76
34-36
46-32
2J3 p. c.
rate
2 p. 0.
2^2 p. e.
S's p. 0.
Consols
98>2
97>9
95 19
91=8
Ene. wheat, av. price
438. 9d.
43s. 4d.
448. 8d.
62s. 3d.
6''8<1.
Mid. Upland cotton
OTgd.
7i,6rt.
ei^isd.
10i4d.
No. 40 mule twist ...
10i4d.
lUtd.
lOd.
ClearinK-Houseret'n. 124,760,000 104,999,000 123,727,000 115,463,000
Bank
.
There has been very little demand for gold for export during
the week, and a moderate quantity of that metal has, in consequence, been pujchased by the Bank of England. The silver
market has been easy in tone, and Mexican dollars are also
cheaper. India Council bills realized on Wednesday Is. 8)^d.
:
:
:
:
:
;
The weather during the week has been unsettled, and very
heavy storms have visited the Midland and Northern counties
doing much damage to life and property. Southern England,
S{)ani.sh doubloons
3 however, has been tolerably free from such visitations, and only
South American doubloons
United States gold coin
genial rains have fallen. Vegetation in that district has made,
German gold com
therefore, rapid progress, and fruit picking and hay making
Bar silver, flne
peroz. standard. 5213 -a
have been actively carried on. The rains, however, have been
Bar silver, containing 5 gra. gold
per oz. standard. .52^8 «
sufficient to injure the hay crop, and to prevent it from being
Cake silver
peroz. 56=8 ®
Mexican doU.ars
per oz., newest. 51% ai
stacked in good condition. Good hay is selling at a high price.
Chilian dollars
per oz.
Quicksilver, £7 Ss. Od.
The wheat trade during the week has been rather firm, and
Discoimt, 3 per cent.
Messrs. Pixley & Abell have published the following statistics holders have been demanding higher prices.
relating to the exports of silver to the East:
Since the commencement of the year, the stocks of foreign
EXl'ORTS OF SILVER TO ISDLl, CHINA AKD THE STRAITS.
grain in granary have diminished considerably, and it is estiFrom
-From Southamiiton.From
Mar- mated that the total quantity does not now exceed 600,000
India.
China.
Straits.
Total.
Yenice. seilles.
quarters. The following particulars have bee* made public
Tear.
s,
Si
&
£
£
£
the rupee.
The following are the present
Bar gold, flne
Bar pold, eontainiug 20 dwts.
prices of bullion:
GOLD.
s.
d.
s
per oz. Btand>ard. 77 9 ®
silver, per oz. standard. 77 lOia®
per oz. 73 9 ® 74
per oz. 73 9 ®
per oz. 70 312®
peroz. 76 3>4®
SILVBR
d.
>
:
1871
1,651,290
1872
2,846,327
1873
420.290
1874
3,949,020
1875
2,l-.!0,390
1876
7,388,.565
12,617,915
18^7
3,257,050
igZg
18/9..
4,859,500
6 months
.
1,383.465
_
677.718
1,523,819 1,284,305
768,416 1,308,870
1,658,855 1,484,831
.,
72:i.894
870,120
758,461
5,6.54,151
2,497,.576
7,092,7-26
3,714,404
1,273.757
9,420.783 840,960 652,664
1,764,875 1,484,433 15;867,223 392:450 747:785
1,470,819
931,698 5,668,567 15,000 159.010
466,537 1,093,030 0,419,067 448,000 10,000
Quarters.
Jan. 1.1880.
Quarters.
125,000
255,000
17,50O
11,700
55,000
496,000
500,000
90,200
110,800
190,000
464,200
1,387,000
July I.ISSO.
3,712.473
Stock
in—
London
Liverpool
Bristol
Gloucester
Hull
Total
»
quarters.
546,833
816,047 3,635,935 466,000 342,950 showing a decrease of 922,800
Cor.period
The Austrian Board of Agriculture has published its agents'
last year. 2,494,600
362,384 442,450 3,299,434
..
10.000
report on the probable results of the harvest
The following are the current rates of discount at the prinRye, it appears, will give a very good result everywhere
cipal foreign centres:
except in Carinthia. The weather was yery favorable to the
Iktnk
Open
growth of corn, so that wheat has also developed well and
Bank
Open
rate.
market.
rate.
market.
promises a good harvest. Satisfactory advices on the same
Fr. el.
Pr. ct.
Pr. ct.
Pr. cl.
^arts..
subject are reported from Hungary, the Alt districts, Gallicia
2ifl
238
Genoa
4
4
Amsterdam
3
2%
GfMieva
and Dalmatia. Only the Banat, the most productive part of
4
33i
Brussels
3
2'^-a>2\ Madrid, Cadiz &
Hungary, has suffered from the frost, so that wheat is someBefUn
4
3^
Barcelona
4
4
®5
Hamburg
what scarce, although what there is of it is very fine. StiU,
4
2\
Lislxm & Oporto.
5%
5®5>2®6
Frankfort
4
314
Copenh.igcn
4 ®4is the result will not be above average. Winter barley is being
Vienna
4
31a
New York
4%ai5
cut everywhere in Dalmatia, and is just going to be cut in
St. Petersburg ...
6
5
Calcutta
5
Very good results are expected.
southern Tyrol and Krain.
The stock markets were somewhat unsettled daring the Summer barley is very fine everywhere, with heavy ears,
especially in the Banat : the only exceptions to the rule are
earlier part of the week, owing to the
unsatisfactory news from
western Bohemia and Carinthia. Oats are but beginning to
Constantinople, and to the heavy thunder storms
which have ear in the northern Provinces, whilst in the south they are
Tisited many parts of the country,
Daland which have damaged fast ripening, and it is hoped that they will be reaped
1880... 2,273,050
:
.'.
m
:
....
.
THE (CHRONICLE.
114
w very fine in
before the end of the month. Oilseed
commence
Hungary and Lower Austria. The corn harvest will
Hungary. Hops,
the last days of July in the northwest of
suffered from
potatoertunifps. all promise weU. Wine has
southern Hungary,
Hie frost and promises well nowhere but in
very fine harvest
Transylv'ania and Dalmatia. On the whole a
Peninsula the
may be anticipated. We hear that in the Balkan
southeast of
harvest promises to be very abundant. In the
and
Wurtembnrg
in
and
favorable,
less
are
prospects
Germany
the frost,
from
severely
suffered
have
wheat
and
rye
Baden
Baden.
which, however, did not quite so much damage wheat
and
Barley will be below the average everywhere in Germany,
of Germany
oata also. In the northern and northeast parts
Prussia
there are also bad prospects. In western and eastern
In
every description of corn has suffered from the frosts.
it is
France and in the Netherlands the harvests will not,
ot
reported, attain to an average. Under these circumstances,
course Austria has every chance in its favor.
With regard to the crops in Russia, it is stated that the re-
maUa
of
Fri.
July
July
28.
52%
5278
981,6
105%
112%
114%
112%
45 J3
45T8
112%
110
110>a
no's
58
113
59
135%
58
10
136
4514
IIIJ4
58ie
135ifl
133%
10538
105%
II414
114%
112%
1141a
112%
44%
44''8
IIO^
IO5I3
105>3
II4I3
105%
112%
52=8
971316
971318
981i8
981,6
198316
29.
30.
521310 521316
981i6
9715x6
971516 ,S§ll«
57^3
—
II419
9%
4513
9%
&H
136'a
Liverpool Ootton Market. See special report on cotton.
Liverpool Breadgtufft Market.
Thurs.
Fri.
Mon.
Tues.
Wed.
Sal.
—
d.
European
d.
s.
9
9 6
9 11
5 2
9
10
9 11
5
m
1
3
2
9
10 6^
10 6
9 6
9 11
1
9 6
9 11
911
5
d.
a.
13
10
6
10 6
10
9
6
d.
e.
13 3
10 1
13
10
9
10
13
10
9
10
Flour<ex. State)f eent'1.13 6
Wheat, No. l.wh.lOO Ib.lO
"
9
Spring, No. 2...
" 10 3
Wiater,We9t.,n.
"
Soutliom, new.
"
9 6
Av.Cal. white..
"
9 11
California club.
Cora,mlxed,Wcst.1?cnt'l 5 2
5
1
Oifl
(!p0mmevclal aiidl^XisccUattcovis |,].cxtrB.
—
Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $9,568,477, against $9,988,389 the preceding week and $8,155,564 two weeks previous. The exports
for the week ended July 27 amounted to $8,683,213, against
week and $8,098,810 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) July 22 and for the week ending (for general
merchancfise) July 23:
rOKEIGN IMPORTS AT N^W YORK FOR THE WEEK.
$8,915,703 last
General mdse...
1877.
$1,596,105
4,621,498
1878.
$1,609,403
3,371,234
$1,814,707
4,353,706
1880.
$3,033,849
6,314,628
Total week
Prev. reported..
$6,217,603
190,327,623
$4,980,659
158,778,213
$6,108,113
170,784,479
$3,568,477
283,225,732
Dry Goods
1879.
Totals'ee Jan. l.$196,313,226 $163,738,872 $176,932,992 $292,794,209
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive ot
specie) from the port of New York to foreign ports for the
week ending July
27:
EXPORTS FROM NEW TOJIK FOK THE WEEK.
1877.
$5,140,795
Prev. reported.. 150,211,782
For the week....
1878.
$7,460,868
189,593,815
1879.
$6,512,830
176,526,929
1880.
$8,683,213
222,059,189
Xotals'ce Jan. l.$133,385,577 $197,031,633 $183,039,759 $230,742,402
The following will show the exports of specie from the port
New York for the week ending July 24, and also a com-
;
Sales
TImrs.
July
27.
9i«
PUiladelpliiaA ReadJUK.
Yorl£ Coutral
135%
than in 1878 by 39,717,300 quarters, and in 1877 by 31,030,000 quarters. In view of the poor harvest, it is considered impossible to export the usual average— 40,000,000 quarters—without suffering from insufficiency for home consumption. Reports
of the hay crop are also desponding. A statement has been
current this week that the Russian Government were about to
prohibit the export of grain, but it has been contradicted.
Advices from Berlin state that the German Government has
the
Eublished during the last few days many reports respecting
arvest prospects in the different provinces, and from these it
appears that the crops which, at one period, promised to be
very unsatisfactory have been considerably benefitted by the
favorable weather which prevailed during the month of June.
The reports from the different sections of the country state
that the fears of distress had no foundation whatever.
Wheat appears to have suffered from the severe winter, and
some of the reports are unfavorable; but in some highly -cultivated districts a good harvest may still be reckoned on.
It is worthy of notice that the "great military nations of the
Continent are diminishing the extent of their exports of wheat.
The return I sent you last week shows that from Russia, Germany and France there has been a considerable falling off in the
exports of wheat, while from other nations they have increased.
This is partly attributed to the badness of the season; but so
large an increase in the amount of unproductive labor must
lead to diminished production.
During the week ended July 10 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 15,753 quarters, against 27,727 quarters last year
and it is estimated that in the whole kingdom they were 63,000
quarters, against 111,000 quarters in 1879. Since harvest the
sales in the 150 principal markets have been 1,322,955 quarters,
against 2,378,095 quarters; while it is computed that they
have been in the whole kingdom 5,291,820 quarters, against
d,512,400 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
Britisn markets since harvest. The visible supply in the United
States is also given
1879-80.
Wed.
July
New
less
Imports of wheat.cwt. 50.718,186
Imports of flour
8,961,247
Tues.
July
26
OS'ie
OS'is
Pennsylvania
by the governors of
Bussia show a total deficit of grain under an average crop
amounting to 9,761,310 quarters, the total production being
turns sent
Man.
d. 52''%
per oz
Oonsols for money
Consols for account
U.S. 58 of 1881
U. 8. 413S of 1891
U. S. 4sotl907
Erie, common stock
Illinois Central
Silver,
m
48 provinces in
Sat.
July
24.
S
xxxlI
ivot.
of
parison of the total since Jan. 1, 1880, with the corresponding
totals for several previous years:
July.
20— Str. France .......
20—Str. Geo. W. Clyde
23-8tr. Felicia.
21
•Sir.
Clyde
Havre
Cape Haytien
St. Domingo
Laguayra
Mex.
sllv. dels.
$32,000
Am. siiv. coin..
Am. gold coin.
Am. gold coin.
2,250
2,000
1,000
1,500
Eng.g'd(80v'ns)
Porto Cabello
Am.gold coin..
Tumpez, Peru
gold coin.
C.A.Am,
Punta Arentas,
Am. gold coin
Asptnwall
sUv. dols.
Mex.
London
594
760
2,000
38,977
.
24—Str. Neckar
1878-9.
1877-8.
1876-7.
42,578,295
7,903,330
49,764,390
'7,384,302
37,824,179
6,023,393
Total for the week i$73.227 silver and $7,851 gold)
Previously reported ($2,851,861 silv. and $2,083,887 gold).
$81,081
4,943,743
. .
home-grown
and $2,096,741 gold) .. $5,024,829
"
"
Sameiimein
Same
lim-e
in
in—
$51,503,016
$58,113,729 1871
$11,581,077 1873
37,797,903
34.087,250 1870
9,246,927 1874
21,926,506
38.109,030 1869
21,863,328 1873
59,688,157
54,861,039 1868
37,500,958 1872
The imports of specie at this port for the same periods have
been as follows:
produce
22,931,220
41,220,320
31,171.700
32,920,000
Tot. since Jan. 1, '80 ($2,928,088 sllv.
Total
82,610,953
91,701,945
33,323,392
76,768,072
1879
1878
1877
1876
-
Same
Deduct exports
wheat and flour
or
Kesult
1,416,542
1,643,518
1,543,979
784,112
81,194,411
90,036,427
86,779,413
75,983,930
10s. 8d.
503. 8d.
Av'ee price of English
" season.
whr
wheat
for the
Visible supply of wheat
—
168. 5d.
533.
3a
IntheU. 8
"push. 12,400,000 11,701,597
4,425,357
2,069,842
The following statement shows the imports and exports of
cereal produce into and from the United Kingdom since harvest, viz., from the first of September to the close of last
week, compared with the corresponding period in the three
previous seasons
—
-
time
I
$750
E. Knighton.U. S. of Colombia... Am. silv. coin..
For. silv. coin
Am. silv. coin..
Nicaragua
20— Str. Alvo
Indies.
Am. silv. coin..
West
British
Austin
of
Str.
21—
C.
Am. gold coin..
Am. sUv. coin.
Indies
West
Clarlbel
23— Str.
Am. gold coin.
19— Schr. W.
1,400
.
930
2,12«
20
1,978
1,522
:
IMPORTS.
879-80
187^-9.
1877-8.
1876-7.
cwt.50,718,48'6 42,578,295 49,761.390 37,821,179
11,811,838
9,494,886 1 2,681,735 12,000,710
12,596,107 10,011,767 10,853,198 10,281.212
1,861,792
1,179,987
1,558,956
1.208,333
2,425,006
1,500,209
2.612,790
4,019,359
23,541,291 32,888,152 32.572,660 30,420,781
8,901,247
7,903,330
7,384,302
6,023,893
EXPORTS.
1
Wheat
Barley
Oats
Peas
Beans
Indian
Flour
com
Wheat
Barley
Oats
Peas
Beans
Indian
Flour.
com
1879-80.
cwt. 1,210.933
28,727
90,751
89.611
67,129
589,189
175,609
1878-9.
1,516,743
103.798
95,137
21,337
15,717
138,535
126.775
1877-8.
1,163,689
55,961
115,025
19.021
19,210
221,752
80.290
1876-7.
742,972
18,999
83,213
22,139
27,322
462,036
41,170
....
$3,726
Total for the week ($7,184 silver and $1,542 gold)
Previously reported ($3,091,022 sllv. and $1,908,386 gold) .. 4 999,408
Same time in—
1879
1878
1877
1876
$6,020,834
13,932,129
7,699,160
2,593,192
1875
1874
1873
1872
$7,976,071
3,041,822
2,835,088
2,790,931
.
1871
1870
1869
1868
$7,421,449
7.360,088
9,784,778
4,264,010
The following table shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
July 24...
GnsIisU market Keports— Per Cable.
"
26...
"
The daily closing quotations in the markets of London and
27...
"
28...
Liverpool for the past week, as reported by cable, are shown in
"
29...
the following summary:
"
30...
London Money and titock Market. The bullion in the Bank
lotal.
of England has increased £21,000 during the week.
—
and $1,909,923 gold) .$5,008,134
Same time in —
Same time in—
Tot. since Jan. 1, '80 ($3,093,206 silv.
Balatiees.
Payments.
Receipts.
1,102.7.59 48
1,196,936
1,017.195
1,059,901
1,264,420
1,039,729
02
09
09
55
28
6,710,911 51
Gold.
Currency.
96 87,991,587 40 7,658,830 74
40 88,170,371 78 7,101,740 98
01 88,973.131 93 7,321,171 91
43 89,355,752 89 7,433,889 96
2,156,735 39 88,612,395 15 7,289,932 21
1,186,201 53 88,503,965 05 7,251,887 36
481,139
975,211
625,001
559,565
5,983.937 72
Jdlt
THE CHRONICLE.
31, 1880.J
Railways of Groat Britain.— The Railway Nevca of London
Las the followinf? on the Board of Trade railwaj returns for
1879, just published:
,
.„ ,
"The report just issued by the Board of Trade, giving the
for
the
year 1879, is of
Kingdom
United
railway returns of the
considerable interest, as dealing with a period when the depression in the trade and commerce of the country was most
severely felt, especially when compared with tlie similar returns
of the previous year. Such a comparison is given in the sub-
joined tables, and, although showing the marks of the increased
dulness during 1879, the results are not, on the whole, so unfavorable as might have been anticipated. It appears from the returns that the total paid-up capital of the railways of the United
Kingdom in 1879 was £717,002,000, which is an increase of
£18,458,000 over the previous year. The length of railway
which that capital represented was 17,696 miles, or 363 more
than in 1878. Of this increase England and Wales claim 318
miles, Scotland 64 miles and Ireland 26 miles. The additions
made to the various classes of capital are thus shown in the
first division of the table given below.
" Amongst the results which are strikingly brought out by
these returns is the large and steady decrease in the number of
first and second class passengers, and the corresponding increase
in the third class travelew, a large section of the passengers
who traveled first and second in 1878 having thus, it would
appear, endeavored to economize last year. The unfavorable
weather which prevailed during the greater portion of 1879
also accounts, to a large extent, for the decline in the number of
passengers." * » *
" The receipts from this branch of traffic fell short last year
of the figures for 1878 by nearly £1,000,000, the total figures
standing at £23,538,000 in 1878 and only £22,583.000 last year.
the receipts from the first class business were £420,000 lower,
and from the second £180,000 lower than the previous year's
figures, while the receipts from the third class traffic declined
by about £378,000. Notwithstanding the falling off in the
passenger receipts, the railway companies for this department
ran nearly 2,000,000 more train miles than in 1878. The subjoined abstract also shows the financial results of the passenger
traffic.
" The results of the working of the goods and mineral traffic
afford further evidence of the general depression which prevailed in 1879 as compared with the previous year. The railway companies of the United Kingdom ran 1,586,000 more goods
ana mineral train miles, and carried 4,629,000 tons more, but their
customers paid £85,000 less for this larger amount of work
done. The companies must, therefore, have not only incurred
greater expense in running additional train miles, but, owing to
'dull times,' they were paid at a lower- rate per ton carried than
in the previous twelve months. The results of the working of
this portion of the companies' business is also shown in the table.
" 'To these figures must be added certain minor items, such
as luggage, parcels, carriages, mails, rents and tolls, which will
also be found in the accompanying figures. The grand total of
the revenues of the companies from all sources in the past and
previous years was £62,862,000 in 1878 and £61,776,000 last year.
^ England and
1878.
Wales.—.
1879.
Capital—
£
A
Authorized capital.. 043,232.000 652,683,000
Paid-up capitai
432,822,000 442,193,000
Loans aud debenture
stock
Ordinary
Guaranteed
Preference
Scotland.
1879.
1878.
£
S.
97,839,000
67,499,000
98,390,000
70,926,000
146.,564,000 1.50,962,000 19,690,000
218,086,000 218,841,000 31,257,000
75,438.000 77,555,000 10,273,000
139,302,000 145,797,000 25.958,000
19,768,000
31,747,000
10,118,000
29,061,000
Receipts—
Pasaenger reooU'ts.. 20,046,000 19,310,000
Ooodg <£ ilineraU—
Tons.
Tons.
Minerals
98,963,000103,672,000
Goods
47,331,000 46,221,000
Rcccititjt^
Goods
Livestock
Minerals
Miscellanewis-
&c
Parcels,
Mails
Rents,
tolls,
&c
Grand total from
£
£
£
15,809,000
1,987,000
785,000
11,770,000
174,000
Anthonzed
capital..
P.iid-up capital
Loans ,'uul debenture
„»tock
Ordinary
Guaranteed
Preference
.37,800,000
2,041,000
52,479,379
0,919,338
6,688,886
total
from
sour ces
*
(
To
S,
—Poor's
" Manual of the Railroads of the United States"
just out, in a handsome volume of about 1,100
pages. The book is compiled with immense labor, and is well
known as the standard authority on the railroads of the United
States. The publishers are H. V. & H. W. Poor, 19 Broad
Street.
We quoted at length from its general statistics in the
Chronicle of July 24.
The American Newspaper Directory for 1880 has inst
been issued by Messrs. Geo. P. Rowell & Co., New York. It ia
a volume of 537 pages, exclusive of the advertisements, and
gives a general list of all the newspapers in the United States
and Canada, with a brief description of each.
Attention is called to the first mortgage bonds of the Lake
Erie & Western Railroad Company (Sandusky Division), offered
by Messrs. Walston H. Brown & Bro. These bonds are recommended for their security and limited amount (only |327,000),
and they have 40 years to run at 6 per cent interest in gold.
—Attention is called to the notice in advertising columns that
all coupons due on 1st of August and the principal of all bonds
due at said date of the Railroad Equipment Company will be
for 1880
is
—
—
paid at the offices of Clark, Post
W. Clark cSt Co., Philadelphia.
&
Martin,
New
York, and B.
—
fore long.
—Me.ssrs. Winslow, Lanier & Co.
a
advertise in another column
of dividends which they pay during August, among which
a half-yearly dividend of $4 per share of the Denver South
list
is
&
Pacific
Railway Company.
UmiK
„^.^^^.. ^
&
16,331.000
413.000
7,234,000
698,545,000 717,003,000
16,326,000 265,675,000 266,914,000
562,000 F6. 121,000 88,235,0(J0
7,625,000 172,495,000 182,483.000
pij,^
AND FINlKCiAL.
^ HATCH,
BANKERS AND DEALERS IN GOVERNMENT BONDS,
And other desirable
Tons.
1.147,000
Tons.
23,538,000
22,583,000
Tons.
Tons.
1,047,000 121,011,000 120.881.000
2,589,000*56,774,000 t55,523,000
&
s.
s.
973,000
225.000
103,000
891,000
193,000
128,000
18,970,000
1.248,000
13,339,000
18,673,000
1,142,000
13,655,000
109,000
109,000
33,000
108,000
110,000
2,643.000
694.000
2,408,000
2,627.000
3.5,000
699,000
2,381,000
Iu% cstment Securities,
No. 5 Na8S.\u Street, New York.
Buy and sell .aU issues of Governmcut Bonds, in large or small amounts,
at current market prices, and will he ple.ised to furnish information In
reference to all matters connected witii investments in Government
Bonds.
We are prepared
2,800,461
2,004,438
62,862,674
61,776,703
to give
information in regard to flrst-class Railway
Securities .and to execute orders for the same.
Buy aud sell all ni'irketable Stocks and Bonds
ou commission, at the
Stock Exchange or in the open market.
Keccivc aeox)unts of Banks, Bankers, Merchants and others, and allow
interest on dally balances; and for those keeping accounts with us wa
collect U. 8. coupons and registered interest, aud other coupons, dividends, <tc., and credit wiiliout charge.
Vff' We give f*eilal attention to ordeio from Bniika. Bankci-a. Instltabuy or
tious and investors out of the city, liy iMall or Tclcs:ra|ili, lo
Government Bonds, Slate and Hallroad Moudu, BaiiK
Stocks, Kallroad Stocks, and other securilies.
We have issued tlie Seventh Edition of " Memoranda Concerning
Government Bonds," copies of which can be had on iii>plicatioii.
FISK & HATCH.
sell
all
has to be added 28,9«9,000 tons reported as unclassifled.
Do.
do.
29,872,000
do.
do.
this
—
1879.
8,639,000 174,252,000 179,369.000
S.
Grand
1878.
7,088,000
810,000
2,757,000
&c
ing elaborate tables on such important subjects as "Agriculture," "Manufactures," '; Municipal Statistics," &c., &e. Some
of the cla.ssiflcations in the book may strike the reader as novel,
to say the least; thu.s, in the Department of Statistics and
Geology we find "Mortgages, Liens, Transfers, &c." a comprehensive view certainly of the subject of geology, and one
which would make its study in New York City quite as interesting as in any part of Indiana. Under the same running head
of " Department of Statistics and Geology" we have a cnapter
on "Dead Beats, Drunkards, &c." These, we presume, are
given as unquestioned fossils of the present man, in the absence
of any certain fossils of the pre-historic man.
hiatal United Kingd'm-^
38,518,000 778,872,000 789.591,000
24,513,000 524,292,000 537,633,000
Minerals
Goods.
Receipts—
tolls,
^
S.
23,979,000
1,245,000
—
—
We have received from Messrs. Smith & Hannaman, bankers
and investment agents in Indianapolis, the First Annual Report OF THE BuRE.\u OF STATISTICS AND Geolooy of the State
of Indiana. This is an interesting volume of statistics, includ-
Park
Receipts—
Passenger receipts..
Qoofls d Minerals—
Woods
Livestock
Vicksburg & Meridian Road. The road is reported to be in fine
order, only the best iron having been used, and iron bridges
constructed where needed, and by contract with the State is
exempt from taxes for 20 years. 'This mortgage is at the rate
of $6,000 per mile, about half the cost of construction. These
bonds are now offered for the first time at 95 and accrued
interest, and are spoken of as an excellent investment, as the
net earnings on the part completed would pay all the interest
charges, the company having also as a valuable asset about
$200,000 of bonds of Hinds County, Miss., now selling at 90.
Messrs. Levy & Borg, who are now offering the first mortgage bonds of the Memphis & Little Rock Railroad Company,
£
inform us that quite large sales of these bonds have already
1,973,000
163,000 been made, and that the price is expected to be advanced be259,000
122,000
304,000
53,142,875
—
Investors are requested to notice the advertisement of
Messrs. Britton & Burr, a well-known firm in Wall Street, now
offering $600,000 of the 1st mortgage 7 per cent 30-year bonds
of the Natchez Jackson & Columbus Railroad Company. These
bonds are issued to complete the road to Jackson, Mi.«s. "The road
runs through a rich agricultural country, and will have no debt,
(except these bonds) when completed a distance of 100 miles.
It will connect with the Chicago St. Louis & New Orleans Itailroad, now owned by Illinois Central Railroad Company and the
22,161,000
6,713,000
1,756,000
467,000
Central Iowa.— A despatch from Des Moines, July 26
announces that the last rail of the Centerville Moravia & Albia
Koad has been laid at Albia, connecting the Central Iowa Road
with the Wabash combination, and giving a new line from St.
Louis through central, northern and Bontbem Iowa.
Flint & Pere Marnnett*.— The sale of the Flint & Pere
Marquette Railroad takes place on August 17.
Tons.
269,000
121,000
301,000
2,258,000
Total paid-up capital
and loaus and debentures
Mails
Rents,
2,100,000
1,812,000
2,264,000
463,000
2,073,000
S.
Miscellanemis
Parcels, &c
21,237,000
6,085,000
16,009,000
849,000
11,423,000
Ireland.
1878.
1879.
-
Mineriils
Tons.
all
sources
Capital
2,245,000
115
.
:
THE CHRONICLE.
116
The
lows
closing prices at the
The foUowlnji aivldends linye
recently been announced
Name of Company.
Rallroada.
Per
When
Cent.
Payable.
Books Closed.
(Days inclusive.)
Cheshire pref
Detroit Lansing & Northern
pref.
Do,
Kansas City Fort Scott «fe Gulf*
N. Y. Prov. & Bost. (Ston.), quar..
$150
Bank of Manliuttau Co
National Bank of the Eepubllc...
31a
K. y. Nat. Kxchange
Insurance.
Broadway
3>3
Aug. 10
Aug. 5 July 31 to Aug.
Aug. 2
S
Aug. 2
.
2Hi
1-^
Banks.
*
On shares represented by
4
July
Aug.
Aug.
Aug.
Aug.
28
10
10
16 Aug. 9 'to Aug. 16.
10 Aug. 1 to Aug. 10.
4.
88,1880
68, 1880
68, 1881
68, 1881
5s, 1881
58, 1881
4ias, 1891
iijs, 1891
4s, 1907
4s, 1907
our'cy,
cur'ey,
cur'cy,
our'cy,
cur'cy,
8s,
6s,
68,
6s,
68.
This
*
contracts to issue pref. stock.
lows
is
Chiciigo Milwaukee
Do
July 30,
do
Chicago
Do
118%
63
95^8
pref
& Northwestern
73%
98i3
I3913
28ia
521a
pref
do
Chicago Rock Island* Pacific
Erie
Do
pref
Ccntr.il
Missouri Kansas & Texas
New York Central & Hudson
&
115
t212'4
4412
72
89%
72
110
79'8
83>4
16i8
10938
95 5e
38 k
119%
Ohio & Mississippi
Paciflc Mall
Louis
8758
10738
9Si2
3.5-^!
42^8
niiuois Central
D.-ikcShore
St.
115
'lie
20
Hannibal &St. Joseph
pref
do
Do
Michigan
'79.
88^8
A
Iron Mountain
132%
IGia
34-'>a
15%
26%
445s.
tlnion Paciflc
78
Western Union Telegraph
90%
53 "«
:933i
With 20 per cent stock dividend,
t With 100 per cent stock dividend.
% In 1880 consolidated stock.
Although the contrast is striking, it is but fair to say that
the exhibit really carries less weight than it appears to, for the
railroads have during 1879-80 developed an earning capacity
far beyond anything that had been shown in late years. If the
profits of the past twelve months ending at this date can be
accepted as a criterion of what the railroads can do in the next
year, the stock prices of to-day may be warranted quite as well
as the prices of la.st year were at that time, on the earnings as
they stood up to that date.
T^he money market has been very easy at 2@3 per cent for
call loans, according to the collaterals.
Prime commercial
paper is quoted at 4@5 per cent, running from sixty days to
four months' time.
The Bank of England weekly statement, on Thursday, showed
a gain of £21,000 in specie, and the reserve was the same as
last week— 52% per cent.
The discount rate remains at 2}^
per cent.
The last statement of the New York City Clearing House
banks, issued July 24, showed a decrease of $1,878,675 in the
legal reserve, the total surplus being $16,592,600, agamst
$18,471,275 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
1880.
Differ'nees fr'm
1879.
1878.
July 24.
2)veviotcs week.
July 26.
July 27.
Loans and dis. $294,517,800 Inc .$2,208,300 f260,582.600 $238,636,000
.
legal tenders.
legal reserve.
Keserve held.
Surplus
69.058.900
19.463.500
291,270,000
20,351,200
Dec. 1,556,000
Deo.
25,200
Deo.
968,500
Dec.
564,200
19.927,600
20,549,500
243,383,000
54,288,100
$72,817,500 Dec. $242,125
89,410,100 Dec. 2,120,800
$60^845,750
74,215,700
19,695,000
19,078,000
222,133,700
53,409,600
$55,533,425
78,105,200
$16,592,600 Dco.$l, 878,675' $13,369,9.50
$22,571,775
—Thereremain
has been
week, but
and
l7nUed States Bonds
dealings this
prices
less activity in
firm,
July
July
July
July
July
24.
26.
27.
28.
29.
30.
reg. J.
&
&
&
&
J.
J.
J.
J.
•101% •10134*101% '101% •lOl'^B loin's
•101% *101% 101% •101% •101 'fl •Id's
•104
104
|'*104
104 '104
10414
coup. J.
reg, Q.-Feb. IO2I4 'IO2I4 102%
coup. Q.-Feb. *103i3 *103i-!l 103=8
reg. Q.-Mar. lllia'-lllis mile
coup. Q.-Mar. nill8:*llll8*llll8
reg. C .-Jan. "109% 109141 10938
coup. C .-Jan. 10914 *109%*109i4
1893. .reg.
1896.. reg. J.
1897. .reg. J.
1898. .reg. J.
1899. .reg. J.
.1.
the price bid
:
&
&
&
&
&
J.
J.
J.
J.
J.
•124
'125% •125
•126 •126
•126 •127
•126 •128
•111%';*111%!*111%
•111% •111%1*111%
109 14
•10914*10914
•IO9I4 •10914
'125
•126
*12j
•126
•127
•128
•129
-125
•126
•127
•128
•129
*125
104 14 •10414 •10414
IO4I4 •IO414 104 14
•102381*102%) 102%
*103'8:*10358 -10358
Mange
the
the renewal of
Government purchases has furnished an element of strength.
Of the five and six per cent bonds yet outstanding which remain to be funded, it is estimated by prominent dealers here
that not over one quarter of the coupon bonds are held abroad,
the registered bonds, of course, being all held in this country.
At the Government purchase on Wednesday the offerings
amounted to $4,590,650, all sixes and fives, of which $2,000,000
were accepted.
*128
*129
the
amount
127
no sale was made at the Board.
were as
Amount July
since Jan. 1, 1880.
Lowest.
Sigliest.
1880. ...cp. 101% July 27 104''8May 20
1881.... cp. 103^8 July 9 107% May 26
1881. ...cp. 102% May 5 104% Apr. 28
4%s, 1891. .cp. 106% Jan. 2 1105s Miiy 29
J.an.
2 10978 June 7
4s, 1907.... cp. 103
68,cur'ncy.reg. 125 Apr. 21 126% Feb. 17
68,
6s,
58,
fol-
July July July
23.
16.
U.S. 5s of 1381
4%8of 1891
U.S. 4s of 1907
30.
1880.
Coupon.
$12,669,000
165,023,050
294,586,500
$2,909,000
51,436,900
190,278,400
78,892,650
210,272,850
171,107,3.50
527,707,950
64,623,512
Range
weeks past and
sinee Jan. 1, 1880.
Zowest.
Bighest.
xl05 105% 105% 104%- Apr. 15 10678 Jan. 12
113% 114% 11458
112% 11258
IIII4
and Ballroad Bonds, —The
State
1,
Registered.
Closing prices of securities in London for three
the range since January 1, 1880, were as follows:
U. 8.
109%
•124
•125
•126
•127
•123
:
10978 Jan.
IO6I4 J<an.
2 11458 July 30
2 11258 July 29
dealings in State bonds
have been quite limited. New North Carolina 4 per cents are
73 bid; Tennessee 68, old, 38^ asked, new, 30 asked; Louisiana
consols, 45^4(3)46^.
Railroad bonds continue very strong, and might show a large
business except for the high prices ruling; but when an order to
buy at a certain price is given, it is often impos.sible to fill it at
the current quotations, and the prices of bonds are gradually
edging up to such high figures that investors will be inclined to
use their money in the purchase of real estate, or some of them
perhaps in stock or merchandise speculation.
—Messrs. A. H. MuUer & Son sold at auction the following
securities, which are seldom or never sold at the Board:
108
*
Specie
Circulation ..
Net deposits
July
coup. J.
:
Qulucy
St. Paul
Interest
reg. J.
—
Prices
July 3C, '80
fol-
Periods.
in prices since January 1, 1880, and
of each class of bonds outstanding July 1, 1880.
30, 1880-5 P. M.
The money market and Financial Situation. The prevalent feeling in the markets is one of buoyancy. In making a
comparison, however, with the situation at this time last year,
when we were just on the eve of a great rise in stocks and merchandise, and an unprecedented import of gold from Europe,
several points are to be considered. The chief of these is the
important fact that the basis of values is now generally higher
than it was at that time. Railroad stocks in particular have
advanced to a point far beyoud the range of July, 1879. The
following comparison will show the starting point for some
leading stocks at the opening of the Fall campaign, say on
July 30, 1879, and 1880, when the result of the grain harvest in
this country had been pretty well ascertained
cfe
Board have been as
The range
FBIDAY, JDIiY
Stocks.
Chicago it Alton
Chicago Burlington
New York
:
"NonaUonal banks organized during the past week.
DIVIDENDS.
[Vol. XXXI.
Shares.
100
20
15
20
40
10
46
American Coal
Imp. & Traders' Fire Ins. 95
113
Park Fire Ins
Paciflc Fire Ins
210
125%
Stuyvesant Fire Ins
Franklin
& Emporium
101
lusurauce
141
20 Oriental Bank
Bonds.
$6,400 N. Y. City 7 p. c. reg.
stock, due 1885. ...112 and int.
200 American Coal Co. of
Alleghany County 1st m.
6 p. c. bonds, due 1893 ... 9712
11,000 Memph. & Charls, RR.
2dmort.
78,
99
due 1885
6,000 Eauitable Trust Co.
7s,
101%
due 1880
239
20 Nat. Broadway Bank
500 Newark City, N. J., 78,
10 Amer. Exch. Nat. Bank. .114
110% and Int.
due 1886
20 First National Bank of
100% 1,,500 N. Y. City 7 p. c. reg.
Hobokea, N. J
129 and int.
stock, due 1891
23 Metropolitan Nat. Bank.. 140
1,000 N. Y. City 5 p. c. gold
I2414
30 Nat. Park Bank
coup, bd., due 1928.109% & int.
105
15 Ninth Nat. Bank
OOI4
1,000 Society of Tammany
75 Columbia Fire Ins
80
78, due 1887
66 Nassau Gas-Light Co. of
49% 50,000 Green Bay & Lake
Brooklyn
Pepin KB. (now Greeu
106
132 Brooklyn Gas-Light
Bay <fe Minnesota KK.) Ist
125 New York Bowery Ins... 196%
mort. bonds, Feb., 1877,
50
140 Northern Giis-Light
coupons on
36
6 N. Y. Prov. & Boston KB. 129
10,000 Republic of Venezuela
61
10 St. Nicholas Ins
commission gold ctfs. for 100
108
10 St.ar Fire Ins
23 Alden Emery Co., of Boston
91
—
Ballroad and Miscellaneous Stocks. The stock market
has shown a moderate business, with decided firmness in prices.
The feeling of confidence in the future is still developing, and
it is rather difiicult to find any one who takes a gloomy view of
the business prospects of
the country during the next six
Our remarks above on the present range of stock
are pertinent in this connection. The depression in
months.
prices
mining stocks under the infiuence of Little Pittsburg and other
Leadville specialties has given a temporary check to the avidity with which new stocks were taken up at high prices; but this
may exert a good influence in preventing the floating of mining
stocks hereafter, at a capitalization so enormously above the
Little Pittsburg
actual cash price paid for the property.
has $20,000,000 stock, and when quoted at 5 only it represents
The elevated railroad stocks have
a value of $1,000,000.
advanced this week on the agreement to submit the matter of
consolidation to arbitrators, which wiU be done on August 5.
The consolidation, it is said, is to be made on the basis of 200
for the three stocks, and the arbitrators are to decide the proportion of that 200 which each stock shall obtain in the new
concern.
The Houston & Texas Central Railroad reports net earnmgs
in June, 1880, of $24,844, against $22,966 in June, 1879, and reports $14,163 in June this year spent for steel rails ; the company has not made its usual returns for the fiscal year ending
April 30.
:
. .
July
The
'—Latett eamitigt reported.
^Jan. 1 1« latest dale.-^
Week or Mo.
I88tf.
1879.
1880.
1879.
146,386 3.866.194 2,.559,28l
Chlo. Burl. & Q. .Maj1,619,227 1,171,803 6.714.248 5,349,271
Chlo. & Kast.
'id wk July
24,257
14 305
582.802
417,813
Chlo, Mil. & St. P. 3d wk July 231,000
156,726 6.134.000 4.534.803
Chic. & Northw..Jiino
1,053,0001,303,087 8,390,313 6,960.332
Chl0.8t.I".Min&O.3d wk July
24.542
19,028
706,780
004.004
Chic. & W. Mich.. 2d wk July
12,758
0,118
Cln.Sand.A Clov.l2dys July
27,543
21,050
Cln. 4 BpriuKf. ..3d wk July
10,160
16,020
448,825
350.858
Clov. Col. Cln. & 1. 3d wk July 101,870
80,104 2,086.916 1,653,061
Clev. Mt.V. & Del .1st wk July
6,008
7,053
215,076
190.303
Del.& Il.Can.. Pa.Dlv.. Juno
76,608 107,994
5.'.n,5.55
676,217
Denver & Rio Gr 3d wk July.
83,804
17,832 1,291,122
Donv.S.P'kA Pao. Juno
156.844
58,020 1,097,633
238,3'29
Dot. I-ans. & No. .3d wk July
18.395
15,045
Dubiique<!iS.Clty.2d wk July
22.622
17,381
48i',386
450,474
Eastern
May
227,415 203,840 1,091,321
001,391
Mint & Pcre Mar. 3d wk July
24.020
16,477
820,398
571,692
OriindTnmk.Wk.cnd.J'ly 17 198,121 149.431 5,343,809 4,402,889
Gr't Wcstcm.Wk.end.J'lv 16
90,878
75,193 2,570,600 2,196.549
Hannllial & St. Jo.3n wk July
37,172
23.579 1,241,370
960,796
Houst. <fe Texas C.Juno
195.329 163.798 1,400,833 1,202,674
IlUnolsCon. (111.). June
521,277 460.171 2,800.194 2,528.460
Do
(Iowa). Juno
122.230 120,407
754,100
609,442
Indiana Bl.&W..3dwk July
25.707
23,091
Ind. Due. <fe Spr..Jun6
36,720
'26.'963
Int. & Gt, North. .3d wk July
28,630
796,494
745,453
K. C. Ft. S.&Gulf.2d wk .Tuly
20,837
14,208
572.356
403.619
Kan.s.C.Law.c)kSo.'-'d wk J dy
14,009
10,275
370,108
221,031
Lake Erle& West.Sd wk J ily
23.742
10,846
Little Rk. & Ft. S. May
2i;471
14,090
170,218
106,441
Loulsv. & Nashv.Sd wk July 162.800
95,459 4,400,180 2,887.509
Minn. & St. Louis. 2d wk July
15,200
9,038
338,365
215,592
Mo.Kan.&Texa8.3dwk July 68,850
53,907 2,183.828 1,406,929
Mobile & Ohio. ... 4th wk J 'no
35,330
25.541 1,003,158
836,579
Nashv. Ch.& St.L. June
144,155 105,047 1,024,705
837,887
N. Y. & Canada ..June
50.228
33,300
323,974
189,131
N.Y.Ccnt.&Hud.Juno
2,653,477 2.022,823 15,742,478 13,157,968
N.Y. L. Erio& W..Mny
1,592,544 1,3.;0,574 7,429,252 6,434,673
N.Y.&N. EnKl'd.2 wks July 98.980
91.210
Northern Central. June
419,193 315.307 2,215,790 1,834,520
Northern I'aciflc .Jnnc
261,269 198.744
910,031
709,242
Opd.&L. Champ. Istwk July
11,208
9.104
233.533
163.519
Piul.&EliZiibetht.lHtwkJuly
6,331
5,518
184,648
135,011
Pad. &Mempm9..l8twk July
3,895
3,303
99,605
76,883
Pennsylvania
.Juno
3,221 ,476 2,390,810 19,434.071 15,414,058
Peoria Dec. &Ev. July
43,000
2.50,520
Phil»del.& Erie.. June
331,023 211.545 1,774,797 1 ,354,084
Phlla. * Reading. Juno
1,398,536 1,343.01 4 8,189,167 6,694,663
PortB.Ci t F.&Con. May
14,476
10.416
Rensseliver & Sar. June.
148,325 118,709
837,238
622,300
8t.L.Alt.&T.H. ...SdwkJuly
30,601
19,698
701,563
459,341
Do
(brchs) .3d wk July
12,250
9,782
329,940
274,690
St.L. IronMt.ife 8.3d wk July 114,800
88,858 2,949,832 2,175,173
St. L. & Sin Fran. 3d wk July
49.439
30,086 1,247,945
597,388
St.Paul & Dulnth May
57,715
50,002
206,147
131,529
8t.P.Minn.&Man.2d wk July
64,483
61,259 1,5.57,433
St. Paul & a. City .3d wk July
23,479
19.823
700,929
ssoissa
Scioto Valley ....3d wk July
8,417
6,424
158,603
139.991
Texas & Paclflc .3d wk July
44,561
139,532
rol.Peorla & War. 3d wk July
.
30,259
27,424 .— 740,020
637,917
Union Pacific
June
1,936.000 1,283,000
Wab. St. L. &Pac.3dwk July 328,127 163,673 6,053,854 4,033,939
Exchange.—There is no particular change in the sitnation,
and the prospect for a considerable importation of gold remains
very good. There is no probability that the United States bonds
held abroad the siies and fives will move in this directioa
until they are actually called in for redemption.
On actual
business, bankers' sterling bills are quoted about 4 82 for 60 days
and 4 84 for demand.
In domestic exchange the following were the rates on New
Tork at the undermentioned cities to-day Savannah, buying
premium; Charleston, buying
discount, selling
%, selling
.
July
ChloaeoA Alton .3d wk July 175,350
30.
m
All.4Pac.Tel
Canada South
Cent.of N. J.
Cent. Pacific.
Ches.&Ohio..
KHi
«:)u
•S^
^'^
iBtprf.
26" 26"
8dprf.
& Alton.
Vim i»
Chlc.Bur.to.
Chlc.M.48t.P.
Do
pref.
Clllo.4N.W..
Do
pref.
I0«%
ll)?:>(;
V7%
llH'ii
C.B.I.4P.new
ii'.Vi i\^',^
am
WU
Ch.St.Ii.AN.O,
Cll.8t.P.M.40
Do
prt!f.
Clev.C. C.4I.
Col.Chic.41.C.
3«
711^4
173 17^
»eI.4B.Canal
82
8251
Del.Laclt.4W.
Deuver4 R.G.
86«
87.^i;
nan.4 8t.Jo..
Do
pref.
jm
85
35U
73
'la
74.H
Hou8.4Tex.C.
'
Illinois Cent..
108^ :in
Lake Erie4W.
.
.
. .
t).')
827^ H:(ii
I08Ji 101(«
•n» IJO
I..ake Shore....
LiOUi8V.4NH8h
Manhattan....
Mar.4C.lst pf.
27
am
Do
2d prf.
Mlch.Central,.
Mobile* Ohl(].
Mo.Kans. &T.
Mor.&Es.'tex..
Nash.Ch.&StL
NewCent.Coal
N.T.C.&H. R.
N.Y.L.E.4W.
Do
pref.
N.Y.Ont.iW.
Northern Pao.
Do
pref.
Ohio Central..
Oblo4Ml88...
pref.
_ Do
Panama
Phil. 4ReadV
8t.L.A.& T.H.
Do
pref.
Pacific Mali...
.
Bt.L.I.M.iao.
8t.L,.4 S.Fran.
Do
pref.
Do
Istprf.
Butro Tunnel.
Union Pacific.
Wab.St.L.* P.
Do
117
—
daily highest and lowest prices have been as follows:
Am.Dlst.Tel
Chic.
:
THE CHRONICLE.
31, 1880.]
lYUlay,
Do
Do
:
.
pref.
West. tJn.Tel.
• These are the prices bid uad asked: no sale was made at the Board.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date, were as follows:
.
. .
. .
.
.
.
_
Sales of
Range
since Jan. 1, 1880.
WecJc,
I
Shares.
Canada Southern
Central of N. J
& Alton
1,510
94,659
Chicago
288
Chic. Burl. & Qulncy
2.380
Chlo. MU. & St. P.
138,588
. .
Do
do
pref.
ChJo.&Northw
Do
do
pref.
Chic. Rock T.&Pac.
Col. Chic.& Ind.Cent.
Del. & Hudson Canal
Del. Lack. & Western
Hannibal & St. Jo...
Do
do
pref,
Illinois Central
Lake Erie * Western
lake Shore
I
Loivest.
40
May
May
17
25
2
113 June 2
661a May 25
99 May 10
87ie July 9
104 Feb. 10
45
Highest.
74I2 Jan. 14
8
90 14 Mar.
116 Mar.
152 Jan.
87S9JHly
IO7I3 Mar.
981a July
115 July
June 11 204 June
99ia Jan.
2,600
77,042
2,087
8,717 lOOifi
10,300
OiaMay 11
20,659 60 May 25
102.485 68 12 May 25
16,330 22^8 May 25
9,451 631a May 25
3,745 991a Jan. 2
31.435 20i4May 11
50,950 95 Juno 2
Range
for
rear 1879.
Low. nigh
4514
331a
781s
8979
29 75 IOOI4
2611118 I34I3
28 3438 8218
29 743i 102%
30 49»8 941a
29 7678 108
8 119
1501a
25% Jan. 26 5
28
8638 Mar. 30 38
8918
9473 Mar. 22 43
94
421a Feb. 24 I3I4 41 13
76 Feb. 24 34
7018
110 Mar. 31 79 14 100%
28I3
3838 Mar. 4 f 16
11118 Mar, 4 67
108
1641a Apr. 2 35
891a
57I2 Mar. 16 35
72 14
9618 June 28 73?4 98
49i4Jan. 27
538 .35%
llOiaFeb. 28 75 18 1041a
128 Mar. 5 35I3 83
137 Mar. 31 112 139
4878 Feb. 2 21 Is 49
& Nashv..
700 8618 Jan.
M.tnbattan
25,300 21 July 22
Michigan Central
23,165 75 May 17
Missouri Kan. &Tcx.
51,180 2818 May 25
Morris & Essex
2,210 100 May 24
Nashv. Chatt.& St.L, 20,590 471a Juno 1
N.Y.Ceiit.&Hud.Riv 18,100 122 May 11
N.Y. Lake E.& West. 245,280 30 Juno 1
Do
do pref.
6,900 47 May 25 7378 Feb. 2 37I2 7818
Northern Pacific
20,490 20 May 11 36 Jan. 14 tie
401a
Do
pref.
31,747 3938 May 24 60 Jan. 13 :44i4 65
Ohio & Mississippi
53,010 23 May 25 441a Mar.
7% 3338
Paclflc Mail... .....
72,450 27ifl May 17 62 Mar.
1038 391a
Panama
168 Jan. 2 190 Apr. 13 123
182
Phila. & Reading..!!
9.670 131s July 2 7238 Jan. 3
.St.L.Iron Mt.&South.
24,300 34i3May 25 66 Feb. 17
!8t. L.ii; San Francisco
l,.o00
25i4May 11 48 Feb. 2
Do
pref.
1,815 33 May 11 6OI4 Mar. 8
Do 1st pref.
915 60 May 11 83 la Mar. 9
'Cnlon Pacific
10,020 80 May 11 9738 Jan. 19
•Wab. St. L. & Paclflc 49.533
26I3 May 25 48 Jan. 27
Do
do pref. 75,358 5II4 May 25 7258 Jan. 27
"Western Union Tel..
41.510 86VJun<5 2lll6ia Feb! 24
• Lowest price here is for new stock, sold
for first time June 11
t Range from Sept. 25.
: Range from July 30.
The latest railroad earnings and the totals from Jan
lioulsville
.
the gross earnings from Jan. 1 to, and including,
the period
mentioned in the second column.
—-Latest earnings reported
,,-Jan. 1 to latest dale.-.
^^eekor3lo.
1880.
1879.
1880.
1879.
ii. «» Southern.
a .,.
Ala.Gt.
June
$40 821 $23,263 $284,707 $187,352
Albany & Susq .June
110935
H0,926
662,324
499,042
.
Atch.Top. & S. Fe. Juue
720.000
48,435
349 oiO
133'764
33.740
7 599
23,511
410,Stt 3,704,353 2,7.53,019
46,782
348,548
297,092
^I }n^^--^l'''^-^.'^y
Atl.&Gt.West
May
317,143
2,053,578 l,5i3,137
Atl. Mi.ss. & Ohio. June
102,247
902,511
715,486
Bur.C.Rap.&No..3dwk July
24.523 1,078,687
727.692
Cairo & St. Louis .Istwk July
5,524
185,978
115.703
Carolina Central. May
23,587
191.731
179.645
Central Pacific. ..June
1,752,000 1.443088 8,484.255 7,855.408
Che«.&Ohlo
June
21i;645 148:457 1,256,425
812,808
•
—
—
:
%
^
/i premium; New Orleans commercial, 150 premium, bank 260
premium St. Louis, 1-10 discount; Chicago, 80 discount; and
;
Boston, about par.
Quotations for foreign exchange are as follows
Julg 30.
:
Demand,
Sixty Days.
Prime bankers' sterling bills on London. 4 81%a>4 83
Prime coniuiercial
481i4®48m
Documentai'y commercial
4 80i4®4 80%
Paris (francs)
3 271381525
Amsterd.ain (guilders)
Frankfort (reichmarks)
Bremen (reichmarks)
395881
OS's®
9358®
The following are quotations
Sovereigns
$4 83 a$4 86
Napoleons
3 83 ® 3 87
Reichmarks. 4 74 ® 4 78
X Guilders
3 96 « 4 00
8pan'hDoubloons.l5 55 'al5 70
Mex. Doubloons.. 15 55 ®15 60
Flnesilvcr bars .. 1 I4I3® 1 15
XX
Fine gold bars
la dimes.
—
par®i4prem.
99%®
Boston Banks. The
Dimes &
®4 85
®4 83i2
4 84
4 83
4 82
•a>4 82ifl
S23%35 23is
40 ® 4038
94»8» 9514
9458® 9514
4018
94»8
9458
m—goldI48for vanoas— coins
and•
%»
-
99
— 92
© — 95
— 891*® — 90
Do uncoramerc'l. — 87 ® — 88
English silver
4 70 ® 4 80
Prus. silv. thalcrs. — 68 » — 69
— 991431 — 99 >«
Trade dolLirs
New silver dollars — 994iapar.
Silver
ijs.
par.
Five francs
Mexican
dollars..
par.
—
following are the totals of the Boston
banks for a series of weeks past
1880.
May
a..
10..
"
17..
" 24..
" 31..
June 7..
"
14..
" 21..
" 28..
"
July
'•
"
5..
12..
19..
Luans.
S
Specie.
£. Tenders.
*
LIS.SIS.SCX)
B,67O,70O
6,944,300
6,r33,700
6,766,300
6,402,300
1,983.100
1,757,500
1,688.000
1,880,600
2,471,800
2.717.200
3,368,300
3,693.700
3,078,200
4,131,900
4,377,WI0
4.124.000
4.124,200
140,185,100
140.842,500
1H8,»42.000
139.919,500
141,821,900
141,179.800
1-10,8,37,H00
141,880,400
143.798,100
144,541,600
145.258,100
145,518,200
6.202,S(K)
6,203.200
6.115,900
6,078.800
6.308.(100
5,81)0.900
6,256,400
6,817,900
Deposits.* Circutation. Ago. Clear,
«
54.217,800
54,400,100
66,161.300
54,324,200
53,879,200
54,12.VtOO
54.176,300
53,873.800
53,878,800
53,701.800
63.650.100
54.727.500
55,220,300
81.178.200
31.123,100
81.093.100
31.001,000
31,1,36.200
31,144,800
31.172,400
30.689,200
30,664,600
80,730,500
80.573,400
30.497.400
30.514,600
63,058.381
e6,i»4.ga6
64.342.000
60.008.0(1
45,786
S6.6TO.70i
53,567.387
S3.e30.08a
JM
51328.137
65,016,453
53J228.39a
58,347,774
Other than {iovernment and banks, less Clearlng-House checks.
Ptalladelpbla Banks.—The totals of the Philadelphia
are as follows
•
Loans.
1880.
Junel4
'
21
" 28
July 5..
•'
"
•
12
19
26
*
67,338.982
67,642,597
67,603,480
67,873.399
68.022.417
67.788.302
87.444,957
L. Tencters.
*
iM'pOfitS.
18.359,302
18.196,787
19.120.748
19.679.612
20,088.606
20.578.774
20,911,011
57.674.977
67.479,361
58,074,381
59.331.205
59.619,686
60.834,803
60,112,851
Clrcutotion.
»
12,085.898
12.093.024
12.219.834
12.208,661
12.203.979
12.188.981
12,13».649
bank!
Agg. Clear.
S8.5.'rr.9i«
42.948.136
41.410,008
48,852.028
34.654 .M4
39.590.288
42,801,908
—
,
.
.
THE (CHRONICLE
118
New York VUf B«nn«.— The
following
Awra^- avwimt
Copdol. If<m»and\
ducountn.
Baltics.
t
(
New
Tort....-
Manhattan Co
Mercbantfl
Heohunics'
Uoion
America
Fhoealx
City
Tradesmen
8..
Fulton
Chemical
Merch'nts' Exch.
Oallutln Natlon'l
Butchers'* Drov.
Mechanics' tk, Tr.
Greenwich. .»
—
Ijeather Man'f'rs
Beventh Ward...
Btateof N. YorU.
raerican Exch.
Commerce
Broadway
Mercantile
PaclSc
Republic
9,568,000
0.B21 .000
2,000,000
2,090,000
2,000,000
2,000.000
1,200,000
3,000,000
1,000,000
1,000.000
1,000,000
000,000
300,000
1,000,000
1,000.000
800,000
200,000
200.000
eoo,ooc
300,000
800,000
5,000,000
8,000,000
1,000.000
1,000,000
8.3-'H.'.i00
«.W4.'5.C00
4,510.700
S.488.SO0
3,114,000
B.S7«,700
3,181.400
l,703,UU0
11.784.100
4,1(10.100
4,133.000
1.422.700
807,000
»43.»00
North America.
Hanover
IrvinK
Metropolitan
.
.
Oitlzens*
Nassau
Market
Nicholas
Shoe & Leather.
Bt.
Corn Exchange.
Continental
Oriental
Marine
Importers'
&.
Tr,.
319,700
340,900
92.000
5,372,,S00
4,li43.'i00
2.2IU.4{|0
5.387,!;0O
1,500.000
460.000
412,500
700,000
1,000,000
500,000
3,000.000
800,000
1,000,000
500,000
600,000
500,000
1,000,000
1,000,000
300.000
400,000
People's
1,413,000
1,885,000
1,387.000
790.100
2,598.700
837,000
4,224,600
491,700
378,100
3.17S.700
837.100
11,3011.000
S.5,'57.3o0
42'^.700
Chatham
t
2,196.000
14.4111), liCKI
8U8.O00
3.403.400
1.273.800
2.534,40C
7,40T,5oo
2.1)36.800
11.78a.(io0
1.918.100
2.'ilO,;lO(.>
2.3au.4oa
2.341.100
3,150.000
4.091.100
5.32S.400
l.aii4,500
3,900.000
18,080.900
15,678.300
782.000
911.800
1.003,500
10.482.900
8.888,000
2,605,000
l,500,00fi
Park
Mech. BkK. Ass'n
North River
Bast River
Fourth National.
Central Nat
Second Natlon'l.
Ninth National..
2,000,000
500,000
240,000
230,000
8,200,000
2,000,000
300.000
750,000
500,000
First National..
1,000,000
Third National
300.000
N. Y. Nat. Exch..
250,000
Bowery National
200,000
H.York County.
760.000
Genn'n Amerlc'n
300,000
Chase National
100,000
Fifth Avenue..
4.774,'.iO0
13.877.00o
9,545,200
1,407 500
1,880,200
1.185.900
2.286.600
8,325.900
1,550,700
.
nVtJtr
Tal*ier8,
18.400
222,200
145.500
539,800
4.857.000
2.ti27.300
JVrt (Vpt's
LegaX
gptde.
of
than V.
S.
(
320,000
381,000
439.00C
488,000
879,800
689,800
83.000
188,000
61,000
133,500
445,100
251.20O
162,800
81,&o0
158,000
202,200
248,600
75.000
r32,l00
514.000
1,433,800
82),300
2"8,800
178,700
9,428,000
5,786.000
7,871,000
5,997,000
3,883.800
7.422.200
3.099,000
10.714,800
2,191,600
1.358,900
11,885,500
3,895.900
2,246.400
1.845.400
804,000
842,900
2.11H.300
850,000
2,882.600
13.460,000
9.218,100
4.504,500
3.815,900
2.287,000
3.080,100
3,858,800
1,271,000
2,438.000
7.1U3.000
2,937,000
•i,700
478,300
35.900
585.000
449.000
1,315,700
898.900
180,000
858.400
580,300
603,800
l,125,Oo6
3l>u.500
5l»,000
45,000
250,800
798,000
6,400
127,600
148,900
185,000
242,000
800,000
810,800
1,085.000
430,000
323,200
575.900
43.000
3.732.000 1,119.000 13.368,(H)0
288,900
iOO,2oO
1,948,000
325,100
3.900
ISo.Ooi.
2,182,1110
211.500
438,800
113,100
2 053.0iXl
819.100
446,2 JO
97,700
2,029.8)0
415,700
450,000
140.000
3,192.000
685,000
4,800
72.000
2,7'ia.OOO
244,000
780,300
5,764,i50(i
190.100
1,574,000
1.502.300
31.800
275,2u0
180,006
178.000
4.532,900
1,018.000
6,195.800
868.8O0 22.275.7C0 1,079,000
529,900
3.464.800 2,886,700 I9.557.9JC
225,000
35,400
570,000'
163.700
1 60.000
1,035,800
28.200
224,2' 10
92,800
788,100
127.800
810,000
2.988.600 1,097,300 15,670.100
852,000
9,098,000 1,481,000
1,896,000
43,000
2,920,00u
480,000
2';9,0oo
90,000
S58.7U0
5,091,500
910,400
450,000
e'29,700 14.821.900
2.734,800
798.800
390,000 10,587.000
2,544,600
269.200
1.098.300
187,200
104,3flO
223,000
319,000
1.285.000
30,000
180,000
1,441.000
387,800
13,400
141,800
2.217.300
398.000
154,800
3,643,600
320,400
860.600
1,500,600
48,100
228,300
:
i
IieKal tenders
•
*?."
May
*•
"
"
"
June
"
"
"
July
i
StKcie.
*
51,069,400
50,842,900
48,638,200
Dec.
Circulation
7.... 290.381 ,800
14....2*.443.'2flO
21.... 290,091, 200
28....293,!>13.600
6.. ..207,13.5.500
13.... 297,230,900
20. ...294,407,400
27,... 290,886,700
3 ...290.639,600
10,.,. 288.470.900
17.... 284,250,800
1M....27S.8,86.'200
1... .280,438,300
8. ,.281,137,700
15.
.. 278,67 1,'200
22. ..27!!,an0,800
29., ..278.218,400
5.
12
,
,278,0.'J8,O0O
,279,'263,700
19. ..286.075,100
26., ,,283,903,100
.
3.
10
,
..291.784,300
..2a3,428,600
'
17....'292.100..'100
•
24....291,517,8(K)
Deposits,
L. Tenders.
t
$
13,403,900 247,5,")9,200
1'2,543,100 240,118.600
12,089,700 242,062,200
CiixulatUm,
t
23,483,800
'23.651.900
48,282,100
51,473,500
12,723,500
14,097,800
23,732,900
.'»,558,a00
15,914,'20O
17.143.500
18,586,000
16,437,900
16.086.000
59,?>87,200 15,505,500
67.4:3.800 14.188,000
58.05.5,000 12,130,400
57,927,900 11,652,400
55,440,100 11,535,100
54,77.1.81)0 11,272,500
6S,869.:i00 10,817,000
52.023.600 11.9:».900
60,060.800 13,806.000
48,983,800 15,432,100
40,406,500 17,014,000
63,391,.=',O0
17,237,100
56,^78,000 19,229,300
56.&S1.900 21,669.,'!00
59,271.700 22,547,400
61.109.000 21,931,800
03,192,700 22,221.300
61.450,000 22,084,300
05,210,100 21,715,800
66.18S.600 '20.681,800
70,822,100 19,834,800
70,615,300 20.915,400
89,058,900 20,331,200
51.832,200
50.312.800
52,994,000
31.746.500
Note.— With December 27 the
Grocers'
242.087,100 23,748,600
246,995,600 23,812,900
253,731,900 21,635,900
267,483.700 21,682,900
239,675.900 21,529,900
264,404,200 21,688,200
267.12.8,100 21,599,600
271,601,000 21,282,200
271,012,800 21,174,000
271,483,400 21,00'2,10O
270,381,000 20,967,100
264,538,200 20,975,800
260,340,.300 20,995,200
250,306,S00 'iO.OSl.aoO
2.56,267,800 20,987,900
233,510,800 20,843,000
248,888,700 -20,612,800
252,572,200 20,646,200
268,323,000 20,572,900
201,075,900 20,498,400
258,325,700 20,304,000
262,762,600 20,238,100
266,839,000 20,059,900
271,628.500 10,682,500
278,148,700 19,694,900
277,770,800 19,820,000
283,078.:*)0 19,372,000
290,714,700 19,5'25,800
292.'238,600 19,488,700
291,270,000 19,463,500
25,200
25
110
30 1«
80H Phll.4ii.Coal*lron
62
62
lo
.
.
101
pre!
25Ji,
6
38
87
95
Calawissa.....
pre!.....
do
new pref... ........
do
Delaware 4 Bound Brook....
East penuBvlvanla.
4
Elifllra
. ,
S3
Maryland 6b, defeuee, J,& J.,
68, exempt, 1887...
do
6a, 1890, quarterly..
ll^
do
5a, quarterly
52W 62>i
do
103
50
do
32K
57
pref.
.
pref
do
Pennsylvania
35
..
74.3,123,031
Alleghe^nyVai.^7M0s.lS9... 118
867,«:j2,049
6?9,.3.36,131
73V,5;M,533
618,148,241
007,5.18,981
711,472,51?
452,751,881
560.48,032
623,916,274
108
29
Inc, 78, end,, '91
do
Belvldere Dela. let m„6s,1902 115
2dm. 68. '85.,
Sdm. 6s, 'J7,
103)i
103
do
105
Camden 4Amboy 6s, coup ,'83
'89 106
coup.,
6b,
do
mort.
.
.
...
106;-4
*
do
5s,perp^...
B. T. iBt
m.
istm.
do
do
do
do
78,
79,
7s,
m.
'Wm.f
2d
RAILROAD STOCKS. Par.
...IOC 160
4 Ohio
Bait.
lat prti ...
00
2d pref
do
Waab. Branch. lUO
do
Parkersb'g Br. .SO
do
50
Northern Central
50
Western Maryland
....50
Central Ohio
4
117
166
120
107)4
108X
150
6
33X 35W
3AILR0AD BONDS.
4 Ohio 68, 18S5,A.40.
N. W. Va. 3d m.,guar,,'83,J4J
Plttab.4 Connell8V.'i8,'93,JSJ
Northern Central 68, '85, j4J
68, 1900,
A,40
108
104
118
108
IiN
BOSTOS. PHILADELPIIIA AND OTHER CITIES.
11U«
111
115
110
116
W
do 2dm.,gr.by W.C0.J4J 110
do 6s. 3d ra.. guar.. J.4 J 115
4
78, '92, F.
Cln.
4A
...
109)4 112
t 109
Ham. 4
D.cofie.6i, 19 5 +
106
7b, 1903 +
2dm. 78, "DSr HI
104
Cln. Ham. 4 Ind., 7e, guar. .1 102
Cln.4 Indiana let m. 79
105
'17.,
Cln.
^...
do
do
68, 83^.
gold, '90.1
fL
g.'o9
gold, 9d.
-t
2d m.78,
do
Colum. 4 Xcnla, iBt m, 7b, '90
Dayton 4 Mich. Ist m. 7s, '8H
2Jra, 78,'84.-l
105)4
do
J unction I8t raon. 6i, ffi.
3d m, 7s, '88-t
do
2d mort. 63, 1900 ..
do
ii2>i Dayton 4 West. Ist m„ 'si ..1
Lehigh Valley, l8t,6s,cp., 1896
doreg.,189J... 118
1st m., 19IB.1
do
"^do
let m. (8,190,
do
do 21 m. 78, reg., 1910. ls9
Ind. Cln. 4 tAf let m. 7e ...t
do con. m.,68,rg.,19^ r.2
110
6e,cp
112
do
do (I.4C.) l6tm.78,'83t
do
;05
+
Little Miami 68, 'iS
Cln. Uam. 4 Dayton stock.,
North. Penn. 1st ra. 6a, cp.. Si. IPS
116
2dm.7a,cp.,'96,
Columbus 4 Xeula stock
do
Dayton 4 Michigan stock..
do gen. m. 7a, cp., 1903. 113«ill4
8. p.c. st'k, guar
113H
do
do gen. m. 79, reg., 190?
on Creek lat m. 78, coup., 8i^ 99 103 Little .Miami etock
.8crlpg.,,e
-1
. . .
dUOTATIOJIS
i 17
112
sdm.cona. 7b, 'yo'.
Ithaca4 Athene let g d, i8.,'8a
list.
10
9)4
40
6
Connell8Vllle..50
7b
do
7(1 1^
7-808,..
t'Ok,s
do
i'i'jK,
..,.^..,.,,..|11.J^
"'
South. RR. 7-308.1 120
do
do 68, gold.t 113
do
aamlllon Co., O., 6s. long., .t 107
7B,lto5yre..t 105
116)4
do
7 4 7-30a,long.1 115
do
Cln.4 Coy. Bridge st'k, pref. 140
Bound Br., 1st, 7s. 1900
Del
EastPenn. lat mort. 78, 88
W'msport, utm.,7B, 60.
H. 4
115H
120
Cincinnati'S'.'ohB
.
Harrlsburg let mor'
120
.
CINCINNATI
CatawlBBa let, .e, conv,, ^,
chat, m., lOe, 88 ..
do
115
new7e 1900
do
Connecting 68, 1900-1904 ,.j^. HI
B1.4
115)4
Sd, M.4N
75
do
75«
83,3d, J. 4 J
do
wa
Union RR. 1st, guar., J. 4 J., 110
endorsed.
Canion
110
do
115
Cam. * Atl. iBt ra 7e.g..l;93
do 2!lm. cur. 78, ir79.. 108
Cam. 4 Burlington Co. 6b, 91. 106
Chartlers Val.. 1st m. 7s,C.,190.
Delaware mort., 6s, various.
108
68,park,ls90,(i.— M, 114
116
68, 1893, M. 4 S
68,exempt,'te,M,4S 117
120
Os; 1900, Q -J..
do
J 4 J
do 66.1902, J.
do 59,19.6, new.
Norfolk water, 88
Mar.
113
6a, '89
quart
J.4J
6b, glil,190tl, J.&J.
Cen. Olilo 68, let m.,'90,M.4 S,
W.Md.6a,lBtm.,gr.,'l»o,J.4J.
do lat m., ,890,J,4 J...
do 2dm.,guar., J.4 J....
do 2d m.,pref
BAILROAD BONDS.
Jo
106
10«
lUO
107
6s, 1890, quarterly...
do
do
prei...
rio
105X
Bait.
—
do
Susquehanna
769,515.331
793,990,673
3i.K
30
68. iSSI,
68,;886,
PlttBburg
.32
604,197,943
857,69S,2«0
787,r28,198
790.386.^19
60
do
Wi
United N.J. Companies......
West Chester consol. pre/..
30
Jersey
West
CANAL STOCKS.
33^
CneBapeake4 Delaware
Moms
do
do
do
do
51>«
4 Duluth R.U. Com
Lehigh Navigation
697,4:15,001
Baltimore
43»s
15
* Brie.... ... 14H
9
9H
Pnlladelphla 4 Reading
160)4 162
Philadelphia 4 rrenton^.....
89
Phlla.Wllmlng. 4 Baltimore.
Bast...,,
4
'2H
Pittsburg Tltusv.
40
prei.
do
Paul
81
91
10
Phlladelplila
ot.
iio
"6
32
Norrlslown...
North Pennsylvania
Pennsylvania....
63
90
107
110
105
106
BALTIinORE.
51
Little Schuylkill
Jilnehlll .•.•••,•;;,•••
Nesquehonlng Valley
99
115)4
117
2d m. 68. reg., 190.
do
do 6a, boal4car,rg,,1918
do 7a, boat4car,rg„19i5
SuBQuehanna 6s, coup., '.9.8 .*
. ,
•WlUiamsport.......
pref.,
do
do
Har P. Mt. Joy & Lancaster.
Huntingdon 4 Broad Top...
"lo P'"
do
Lehigh Valley...
80
103
117
Lehigh Naviga.m.,6a, rei!„'84
do raort. RR., rg ,'9.
do m,C()nv.g., r^g., 5)4
do mort. gold,'tf7,
do cons. ra. 78, rg., 1911
Morris, boat loan, reg., 1835,
Penn8ylvanla68, co'.ir ,'91",
Schuylk. Nav.lst m.6a.rg.,'97;
Atlantic.
t
722,603,389
686.418,618
586,014,073
795,314.114
725,419,835
893,011,023
827,801,840
748,481,804
044,453,967
771,019,670
810,774.898
849,817.403
720,947.816
Union 4 Tltnsv. lat m. 7b, '90.
United N.J. cons. m. 6s. '94
Warren 4 F. Ist ra. 78, '96
West Chester cons. 7e, '91
West Jersey 6?, deb,,coup„'83
Ist ra, 6s, cp., '96
do
lstm.7a,'99
do
cons. 68, 1903 ....
do
Western Penn. RR. 6B,cp.'.899
6s P. B.,'96.
do
CANAL BONDS.
ChesaD,4 Dela lat 6s, rg. '86
Delaware Division 6a, cp.,"8.
BAII-BOAD STOCKS.}
do
US
'97.
Myra.Oen.4 Corn',(,lBt,lb,l»05 102
Texas 4 l-ac, let m ,68, g.,l905 104
cons, m.,68,g,,1905
do
lnc.41.gr ,78 1915 '62
do
exempt, rg.& coup.
ao
103
W.,lst m„58,'2'!, "S2H
Snnbary4 Erie letm.'s,
Camden County 68, coup
Camden City 68, coupon
.
4
Sunb. Haz.
...
"s, reg.& coup.
do
Uelawure 68, coupon
Uarrlsburg City 6a. coupon
IW
4
79,w'l'rln,rg.ftcp. ISl
itr.lmp., rez., 83-Sl,. 108t»
reg. and coup
68,
N. Jersey
Delaw«re Division
68.3.453,357
7s, reg., 19
Shamokin V.4 Pottav. 7e, 1901
Ind. lat, 68, 1884.
Steubenv.
Stony Creek Ist m. 78 1907...
Jo
Oimden &
deb. 78,92
do
do
13, re«.....
.
,
Pltt8.Cln.4St. L. 7s, cou.,lSOt 118
ilo 7«,
do
28
37M
deb, 7b, cps.ofl
do
do mort,, 76, 1892-3
108
Phlla, Wllm. 4 Bait. 68. 'M
Pltuburg «, coup., 1913....
58, reg.* cp.,l9lii.
do
68,gold,reg...
20
Read, scrip, 18S2
ln.m.7B,cp,1896
do
.
114t«
do 6j,n.,rg.,lS95&over
do 45, various
Allegheny County 53, coup,
Afjo- Clear,
7Ti,270,895
720,078,130
Bank disappeared from the
183
Phlli.delphla,58reg
66,old,reg.... _
do
do «8,n„rg., prior to 9?
Allegheny City
4
do eons, m. ;b, cp..t9il.. 1 14 110
do eons. m. 7b, rg..l9'.l.. 1 14
do conB.m.6e.g.r.l911. . 104J^ ....
59)4 60
..
ro ten. m. 6e, 190J
do Imp. m. 6s g., 13)7...
no conv. 78, 18^'
7b, coup, off, '93
do
97H
,
ScbuylKlll Navigation....
'
'
."
561,200
*
13.... 275,730, 100
20.... 278,098,100
27.... 277,584,200
1880
3. .. .278,706,200
Jan,
• 10,... 276, 116, 100
" 17.... 276,990,900
" 24.... 280.068,600
" 3I....28;1.194.5(X)
Feb.
"
"
•
Mar.
1
Loans,
18'!«.
'•
,.',50,600
following are the totals for a series of weeks past:
The
Dec.
1
41«
41
Penna, 58, g'd, lnt.,reg. or cp.
do 5s, cur,, rep ....
do 5s,rcg., l-:8'.i-1332. ....^ 102«
do 59 new, reg., 189^1002 114
do 88,10-16, reg„li77-'8-3. 00
107
do 68,15-25, reg.,l88'i-'92.
do 68, In. Plane,reg.,lS.9
-
'
SSOTKITIKS.
Phil,
STATE AND CITV BONDS,
deviations from returns of previous week are as lollows
Dec.
t9O8.50O
Inc. |2,2O8..S0O Net deposits
loans and disoounts
Dec.
Dec.
116
PHILADELPHIA.
The
Specie
Bid Ask.
sKoiTBrnss.
Nashua A Lowell
Set York 4 Ntw Ungiand...
Nortlicrn of New Uampshlre
Norwich & Worcester
Ugdensu.&L,. Cbamplain ...
pref..
do
Old Colony
Portland Saco 4 Portsmooth
Hulluia Palace Car
Worcester* Nashua
658,700
090,300
249,600
180.000
..
Btc.-Coatlaued.
til t.
.
60,475,200 291,517,800 69,058,900 20,351,200 291,270,000 19,463,500
Total
PHIli lUUtiP
Rutlatd, preferred
Vermont & MassachusettB,.
784,400
1
.
[Vol XXXI.
ttt>'4ri>N,
shows
statement
Banks of New York pty/"' »!'«
the condition of the Associated
on July 24, l3a»week ending at the commencement of business
—
.
.. ......
.
.
102
127
114
108
112
102«
105H
tl07
101)4
105
103
.
BKOUBtTIBB.
Bui. Ask.
BOSTON.
Atch. 4 Tcpcka let m.78. ;.
do
land grant 78
M7e
do
iVs
do
land Inc. Us..
.
Boston
m
4 Maine 7a
A Albany 78
120
118
....
SKOtTEITIIS.
Old Colony, 7b
uid Colony, 88
Omaha 4 8, Western, 88 ,,,,
Pueblo & Ark. Valley, le
Rutland 68, let mort
Vermont « Canada, new 8b,
Vermont * Mass, I! R„ 68
Bid.
As):.
.
il2
84
113
,
8T0CUS,
Atchl«on 4 Topeka
114
At hl-o'i & Nebraska
d'.
6a
Beaton 4 Albany
148
Boston 4 I*rovldence 7f»
Boston &-Lowei',
....
91
Burl. 4 Mo., land erant 78.
'.16
tBoston & Maine. .„
133
do
Nebr.68
Ex 110 110!» ,BoBton4 Providence
iiiVw
do
Nebr.68
Cheshire preferred
:oa%i 103
50
Conn. 4 PasBUmpslc, 7f, 189;, ):0;«
iChlc. Clinton Dub. 4 Mln.... 80
Kastern, Mass., 4,<B, new. ..
94
Cln. Sandusky 4 Clev. ......
"I'ok
Fltchbarg lU:., <s
Concord
86
do
7«
Fort Scott 4 Gulf Is
109
Conn. 4 PaesampBlc.!!!!,".".
aartrordA Erie 7b
.,,
48^ 41
Eaatern (Mass,)
li.aD. Cltyrop. 4 W,,78, Ist
117
Eastern (New Hampehlre),..
do
do
7b, Inc..
Kltchbnrg
125
K. City Lawrence 4 So. 49... 91^ 92
Fort8coU4 Gulf, pr,-ferre3 DO
Kaa. City. St. Jo.&o. B.;a.
113
113>«
do
common. 61
52
LltLle R'k4 Ft. >.,. lth,-8,ut
99
K.C. Law. t Southern. Ex.R 82
85
New Yorlc & New Eng, Is ,.
111
Little Bock 4 Fort Smith ...
O" 'onsin'" ft. LHkM ,;)).<102
Manchester 4 Lawrence ...
xsoston
do
Boston
6s
4 Lowell 7§
KH
.
-m
pltUb. Tltusv. 4 B., 78, cp„'9G
Scrip
do
Pa.*N.Y.C.4 KR.7b,1S93....
'L^oulsvlUe 78
do
1906 ....
123)4
do
102
Pennsylv., Ist m., 68, cp., '80. 101
gen. m.6s,cp. .19.0. 119)^
do
6s, ig., 1910. 120
gen.
do
do
do
do
m
do
do
114!,,-
con3.in.6.,rg., 190a.
do
coua, m.6s. cp., 1905. I13>s
do
105)4
Navy Yard 6s, rg,'3l
do
... ibex
Penn. Co ,69, reg
90
1st ra.8s,caup.,''Ji
Erie lat m. 68, cp..'ai 103
Phlla.
:d XI 7i.cp.,'» lO'JX
do
> .Y'.. 1st m.
Fhl'a. Kewt'c
Pbll>.& Read. Ist m.bs, '43- '41 lid
'48.49
do
do
2dm.,7s. CP..9 . ii«
do
41
dehen., cp., '^3
do
Perklomen
4
4
j
do
• in
defan".
do
J
cpsot..! 20
Per Bhire.
1
I
101
105
10J)4
90
125
53
121
122
L,Oi;iSVI£.I.E.
121
120
tl02
68,'82to'87
6s, '97 to '9<
t 106^ 113V
+ 105
1052
t 105
105)2
water 69,'87 to '89 ( 105
water stock 68,'97,1 105
-.05
wharf 68
1
apec'l tax 69 of '89| 105
ater 69, Co, 1907 + 107X
do
100
53 ..,,.
do
Jeff. M.41.l8tm. (14M) 7b,'81t 100
w
2d m.,78
11 I07«
do
lstm.,78,H06....+ 113)4
do
Loul8v.C.4Lex. lat m.78,'97*- 114
Louis,& Fr'k.,Lonl8V.ln,68,'8!
Loulsv. 4 Nashville—
Leb. Br. 68, '86
t
at m. Leb. Br. Ex. 7e,'80-ss.+
6b, 'i3...t
do
Lou. in.
Jefferson Mad. 4 Ind stock.
:
t
And
Intereit.
105)4
105)4
105)v
103
10.1)^
.
JOLY
—
...
.
... ..
.
. ..
—
.. 1
'
THE CHRONIOLE.
31, 18E0.J
119
}
QUOTATION b OF STOCKS AND BONDS IN NEW YORK.
U, S.
Bonds and
active
Railroad Stocks are quoted on a previous page.
Prices represent the per cent value, lehatewr the par
may be.
STATE BONDS.
Mlchlgan-fls, 1883
78,18»0
MlBSOurl—«», due 1888 or
68. due 1886
Arkansas—Os. funded
78, L. Uock & Kt. Scott l9s.
Ti, Memp. & L. Rock KR
7s, L. R P. B. & N. O. RU,
.
6b,
6«,old, A.*0
No. Car. HR.,
Hannibal*
do
6a,
6s,
loan
Kentucky—fla
do
do
Special tax, class
1887.
do
do
1887
Consol.
La C. niv., 1893.,
116H 118
110
114
i8tm.,I. 4 M-,H<07
114
ist m., I. AD., 18B9
tllS
121
IBtm., C. AM., 1903
Con. sinking fund, 1905.
2d mortgage, 1884... ... ..
l8t m.. 7s. I.A D.Exl.,1908 108X110
lOOJfc 1(14
S.-westdlv., 1st 6s. 11*00
HO
Ist 5s, IjlC. A Dav., IHIO
lAcltce previouslv quoted.)
Albany ^ Susquehanna
Boston & N. Y. Air L., pref.
Burl. Cedar lUiplds & No.
Cedar Falls ,t Minnesota.
Chicago & Alton, pref
.
.
.
.
{
tg^
.
%
15
A
do
XiOng Island
LouTsT. N. Alb.
go
in)>^
.
123k
Extension bonds
116
Ist mortgage
IWjj
bonds
gold
Coupon
Registered gold bonds. .. 119
Sinking fund
registered..
do
Iowa Midland, 1st m., 8s. SI26"
Galena A Chicago, exten. 108
Peninsula, 1st m., conv
.
pref.
*
Memphis & Charleston
jsi
N.Y. Elevated
no
90
.
A Mil., 1st
Winona 4 St. P.,
N. Y. New Haven & Hartf. 5164
N. Y. Ontario & West.. prel.
Peoria Decatur & Kvansv.. (26
Pitts. Ft. W. & Chic, guar, jigg
spec'l.
do
do
Renaaelaer & Saratoga
Rome Waterlown &
St. Paul
Ogd...
$22
pref.
63
120
* Duluth
do
do
Stonlngton
Terre Haute * Indianapolis
Texas & Pacific
do trust certif.
do
Toledo Peoria A Warsaw..
Uhlted N.
J.
RB. & Canal
Warren
Chic.
2dm
do
C. C. A Ind's— 1st, 79, a.
Consol mortgw?e
!.
30>i
49
105
6
is
50
551^
!
S28H
Deadwoort Mining
Excelsior Mining
Gold * Stock Telegraph
Homestake Mining
515
.
do
do
Maryland Coal
Montauk Gas Coal
29
J28}^
5th mortgage, 7s. 1888
Ist cons, gold 7s, 1920
8S4Ji
Buff.
Inc.
44
40
121W
Chlc.Mll.*St.P.-l.>it,8s.FM)
8d mort., 7 3-10, P.D.,1K9K
Ist m.. 7s. $ g'ld.K.D.,ltl02
• Prices
nominal.
106
and
Cleve.
A
120
*ii»ji( 120
RAILROADS.
Atch.AP.Pk—78,gld
A N.. Y Air-I,,— 1st
Bost.
118
ni.
100
106
40
118X ChicACan.So.-lst m.,g..78
Chic A E. lll.-S. F.c'y 1907 101
Ist m., Springfield dlv
80
inetirae bonds
Ohio Cent., 1st m.. (is, 1920.
89^
Chic. St.P.A M'lwlls— Ist.Bs !05X
Peoria Dec. A E'ville, 1st Os tlOOM 101
108
Land grant income, 6s
'acitlc RailroadsChicA Southwest.- 78. guar
Central Pacifli^^old bds. 112M
75
ilOB
Cin. l,afayctte A Ch.— 1st m
San Joaquln,Branch
CIn.A Spr.-lst. C.C.C.AI.,7s 108
103^ 105
Cal. A Oregon, 1st
lstm.,g'dL.8. AM. S.,7s. 112
104
105
State Aid bonds
Denver Pac— lst,7s,ld. gr.jr 96
:105
Land grant bonds
Brie A Pittsburg— Ist m., 7s +100
Western Pacific bonds.. 108
103
c;on. mortgage, 78
South. Pac. of Cal.-lst m.
89
78, equipment
Union Pacific— 1st mort..
nth Evunsv. A Crawfordsv. -78. 103
Land grants, 7s
Flint A Pere M.—88, I'd gr't 100
il9«
Sinking fund
—
113
92
89
Consolidated 88
Stock
118
104^1
(ialv.Hous.AH.-79,gld,'7I
Gr'nd R.AInd.—lat,78,l.g.gu
Pac—
1st m., 68, '95,
do
with cp.ctfs
121
l9t, 7s, Id. gr., not
1st, ex. I. gr.,79
117W 118
108K
108'4
1st consol. 6s
of Mo.— Ist m.
Pacific
guar...
9B« 96«j Indianapolis A St.L.— lat, 7s
KB.
100
so"
108
108
US
85
110
118
too
toe
105
»3
lio"
88
85
8B
23
S7
lOBH \}S^
105
100
DO
80
80
2d mortgage
Income, 78
lat m., Carondelet Br.
St.L. *S.F.,2dfls.class A.
Ist
M
se
n
33
118
tis
72
ts
e
18
87
79
48
M
lis
110
IQD
106
loe
Oil
119>.:
So.
C—
III.,
Ist
m
lis,
So.Carollna—Con., 6« (good)
New Imp't cons
M.AS. + 108
Texas-6s, 1892
J.A J. +IIU
78, gold, 1892-1910
ma
Virginia— New 10-408
iBtprcf. inc. for consol.
I'ast-due
1st St. L. div.7s,ex mat.cp.
8d mortgage ext.. ex coup
117H
Equipment bonds,
Ala..tChat.— Rec'rs ctfs.var
Atlantic A Gulf—Consol
Cent. Georgia—Cons, m., 78
99
1883
;I20
loSKil ..
104
$38
A
'rol._,
Ist, 7s, '9(l,ex
l.ASo. Ia..ist m.'s.ex
cp
ci)4
Hannibal A Naples, 1st 7s
St.L.K.C AN.R. B.AR.,7s
123
123
117
117
116
Omaha
Div.. 1st mort., 7s
Clarindab..fl9, 1919
St.Chas.Ii'dge.lst, 7s, 1908
North Missouri. Ist m., 7s
103K
108
West. Un. Tel.— 1000, coup.
110
112
104^^ lOlf,
102>v 1029*
05
107
1900, registered
Spring.V'yW.Work8-1st6s
Oregon R. & Nav .-1st, 6s.
.
INCO.ME BON'DS.
Central Of N. J.— 10O8
ChicSt.L.A.V.O.— 2dm. 1907
Col.Chic.AInd.C.,lnc.78,1890
Cent. Iowa coup, debt certs.
100
Ind'sBI.AW'n— Inc.,
122^
106H
I
I
1919..
Dec A Sp'd, 2d Inc
Int. A Gt. Northern— 2il Inc
J.eh. A Wilkes U.Coal-lK8h
lAkeErieA Wn-lnc7s,'9*
IJif. BI.A Mun.-Inc 7.1899
....
.
Bs, 1909
66
— —
117
116
116
....
100>5
V'H
Stock
Georgia
975i
BB.— 78
Bs
Stock
81^
A Col.— 78, 1st m
42).
10
40
10
80
88
26
90
65
49
67
72
71
7«
4fl
I
75
119
96
102'
31
108
35
Mississippi Cent —Ist ni.,78
2d mort., 8s
Miss. A Tenn.— Ist m., 88, A
1st mtirtgage, 8s, B
N. O. A Jack.*.- 1st m., Ss.
Certificate, 2d mort., 88...
no
:03
107
125
189
+98
lOB
402
115
1st m(»rtgage, 78
118
100
ibo
'M mortgage, 8s
1UC
.t
Petersb.— 1st,
88.
C—
lat m., 8».
Northeast., 8.
2d mortgage, 8s
Rich. A Dan.— iBt coijsol ,08
S.
.15
no
Stock
.Mem phlsA Cha'aton— l8t,7s
Southw. Ga.—Conv.,
Stock
WH
46
65
116
IOC
too
endora.
65
35
O.'i
95
108
100
:o8
110
85
105
100
106
100
+08
A Aug.— 8d,
69«
...
I
e7ii
79!i
50
103
108
83
100
2d. 79
guar
.Macon
41
I
47H
made tbia week.
48>.
105
105
7s,
Norfolk
77
40
70
64
1I8W
iisS
100
100
102
100
(Jreer.ville
.
1*0
nm
or.
EastTenn. 4 Georgia—6s..
E.Tonn.A Va.—Bs.eiid.Tenn
E. Tonn. Va. 4 Ga.— 1st, 78
107H
107!^
A.—Cons., 76
2d mortgage. "3
lod
I
'.0»H[UO
1115*118
88
....
llIK MoblleA O.-lst pref. deben]
lOlh 102
8d pref. debentures
t82
Sd
i09>c 110
do
i31
4th
10S}x
do
N. Y.LakeB.AW.Inc. 6s.l97'
14.1
Ohio Central— Inc.. 1920. ..
these are latest quotation*
..
Charl'te Col. A
1108
ind's
Mo.K.A T.— Cons.a«s..]004-6 105K
2d mortgage, inc., 1911
H. A Cent. Mn.. Ist., 1800.
Mobile A Ohio— .Vew m., 6s.
no llOH Naah. Chat.
A St. L.-lst 78.
134
N. Y. Ccntral-68, 1883.
120
68,1887
:i8V<119i<
68. real estate
O.
107
103
i
.'
104!^
41
J
Constpl. conv., 7s
Gt. Western, 1st m.,
1235^
123
Stock
S115
7s,
A J.
97
106
RAILROADS.
131
130
'79.
T.&Wab.,lst ext.7s
J.
Coupons.—
Tennesssee State coupons.
South Carolina consol
Virginia coupons
consol. coupons...
do
..
108)s
.
7s, gold, 1904
ex cp m\k:
do 2d m..7s,'93,ex cp 103S^'
1st mort.. sterling
Metropolit'n Elev— Ist.lOOS
Mich. Cent.— Cons., 79, 1902
l9t mort., Ss, 1882, s. f.
.
;9Bi^
1900.
mortgage. >V. D
Burlington Div
Ist pref. inc. for 2d mort.
A Cin.— 1st mort.
;
A
Wab. KB.-MortE.78 of
bds..
price to-day
income
103>=
103
106
105
108 Ji 109
106
93
110
122
No
m
Pur. Com. rec'pts, Ist.E.D
si^
Buf^lo A
t
..,
nsk
Tol.Peo.AW.-
99*4
101
liiii
+ And accrued Interett.
mort
Ist
Equipment bonds
1045j;
Br., 1st
Cairo A Fulton, 1st mort,
Cairo Ark. A T.. 1st mort,
St. L. Alton A T. H.— Ist
2d mortgage, pref
8d mort.,
new bonds.
new
Iron Mount'n— Istm
2d mortgage
Arkansas
STATES.
65)<
St. I, -A
A
105%
112^
Cleve. P'vllleA Ash., 78
{Brokers' (JuotaUons.)
2d 7s.
2d gtd.7s,
Belleville
108
Ind.. s. f., 78
Tol., sink. fund.,
Erie,
V"
'98
do
do
St. P.A Sioux
1st 6S.1916 idsji 104
.Manlt'a Ist, 7s. tl07)^ 108
St. P. M.
ido"
m
St.L.Va.AT.Il.,l8tg.7s .W
do
ind'y, 7s
do
Marietta
108
114
108
L. ErleAWest.-lst 65,1919
I.,af. Bl. A Mun.-lsl 6s. 1919
Manhattan Beach Co. 7s, '99
N.Y. AMan. Beach 1st7s,'07
12l5(i
85«
106^
.
imii
iii"
104 it
Waco A N
Louisv.A Nash.- Con8.m.,79
2d mort./Js, gold
Cecillan Branch, 7s
Nashv. A Decatur, l8t, 7s,
58,
do
a8.sented
Adjustment, 1903
Lehigh A W. B., con., g'd
do
assent'd
Am. Dock A Impr. bonds
do
assented
siii
Buffalo & State Line, 78.
Kal'ioo A W. Pigeon, 1st
l)et.Mon.AT.,lst,78.'1906
Lake Shore Dlv. bonds...
cons, coup., Ist
do
cons, reg., 1st.
do
do
cons. couj).. 2d.
cons. reg.. 2d
do
.
m
ios«
f'd
b.
Consolidated
2d consolidated
Rome Wat. A Og.—Con. 1st
111k 112
Lake Shor€—
Mich 8. A N.
91K
105
sinking fund
Chic. Rk. I.A P.-6a. cp.,lel
9s. 1017, registered
Keok. A Des M., 1st, g., 5s.
Central of N. J.— Ist m., '90.
Ist consolidated
do
assented.
Convertible
OOH
8d,con.,f.cp..os,0s
Cedar F.A Minn..
Sinking fund
107J4
Joliet A Chicago. 1st m.
Louls'a A Mo., Isl m., guar :114Ji
do
2d 7s, 1900, 108
St. L. Jack. A Chic. 1st m
Mls8.Rlv.Brldge,1st,s.r,as
Chic. Bur. A Q.—8 p.c, 1st
Consol. mort., 78
Ohio A Miss.—Consol.
isw
120
Ist m., 1916
Ill.Cent.— Dub.ASloux C.lBt
Dub. A Sioux C 2d div.
68, gold, series B, int. def.
6b, currencv. Int. deferred
Income
llO-M
22Ji l'-'2H
2dC., Main lino, 8s..
2d Waco AN., 89....
Chesap.A O.— Pur. ni'y fund
Chicago A Alton— 1st mort.
lllB
jl31)^
tiio
....
Ind. Bl'm A W.— 1st, pref. 7s
l8t mort., 7», 1900.
2d mort., 1909,
Ind's Decatur A Sp'd 1st 78
Int. A Gt. North. 1st 6s,gld
lOlM
(Brokers' Quotations.)
no
Nevada Central— Ist m.69.
Istm.. 68, '96,
do
Den. Div. 69 089. cp.ctf..
Ist, con., f, CO., 7s
Ist mort.,
Railroad Bonds.
Central Iowa, Ist
B8>i
*117k
,
108
Miscellaneous List.
.
Han. A St. Jos.—8s, conv...
Hous. A Tex. C— 1st. m. l.,7s
1st mort.. West. Div.
Silver Cliff Mining
Btandara Cons. Gold Mining
1899
N.Y.A E.
do
do
N.y.itStraltsvilleCoal&Iron
Ontario Silver Mining
§35
Oregon Railway A Nav. Co. f 115
Pennsylvania Coal
1206
Pullman Palace Car
114^
Quicksilver
pref
do
ra.Ts,
115
*130
N.Y.L.K.AW.,n.2d,con..6s
pref.
Bur.Ced.H.5 North.-lst.Ss
Minn. A t?t. I... lat. 7s, guar
Iowa City A We5t'n,lst7s
129
1st m., 7s, coup
1st m., 7s, reg.
t128>i
N. Y. Klevated-lst, 78, 1906
N. Wisconsin— 1st, Os
:1195il21
Long Dock bonds
stock Kxc/ianfffl Pricei.
Bait. A O.-lst Bs.Prk.b.lBlO
Bost. II. & Krle— 1st m..
1st mort., guar
08K
.,
Harlem,
do
62
.
Sl'7
La Plata .Mining
Leadville Mining
Little Pittsburg Mining ...
Mariposa L'd & Mining Co..
t... 130W
109
1:1
—
—
2)i
Colorado Coal * Iron
Consolidation Coal of Md..
Cumberland Coal S Iron..
Peoria Dec A K'vilJe— Incs.
St.L.I.M.AS.-lst 7s,prf .Int.
2d Int., 6B,RCCum'lattve ..
....U81
SO
2d mortgage
IICH
108X 109H Indianap.A vine— l8t,78,gr 106
70
Kansas A Nebraska— 1st m
38
2d mort
108
Long Island— 1st mortgage. 110
90
Midland of N. J.— Ist, now.
68H
78
do
3-6s, class C.
ISH
Income. "A "
3-68. class B.
do
do
1st con., g'd.. 109
79M
do
"B"
do Istes.Peirco.CAO
Del.A Uud.Canal— Ist m.,'84 tlOOJ« 107
109
N.Y.AGreenw. L.— lst,7fl, n, 8S
do Equlpm"t 78, '95
Ist mortgage, 1891
16
2d
»108
do
llOM
South Pac. cf Mo.— 1st m.
extended
103K
do
N.Y. A Oswego Mid.— Stock
Texas A Pac.-lst, 6s, 1005..
Coup.. 7s, '94 112
do
Convertible bonds
98
85
Consol. 6s. 1905
Beg. 78, '94 il12
do
New Jersey So.— 1st. Ba. new 84
117H 118)4
Income and land gr't. reg. 66H 67
Ist Pa. dlv., coup., 7s, 191'
»117
119
80
1st Construction, 9s, 1930.
reg., 7s. 1917
81H St. Joseph A Pacific- Istm. 76
do
89
8d mortgage
Pennsylvania RR—
Albany 4 Susqueh., 1st m. 111
18W
110
St. Jo. A western stock
iii^i
2d mort
Pitts.Ft.W.A Chic, 1st m.
do
St.L.VandallaA T.H.— Ist m 114
do
do
2dm..
1st con., guar 113M
do
106
2d mortgage, guar
3d m..
do
do
Rens.A Saratoga, 1st, coup 127 128Ji
100
South Side (L. I.)— 1st mort
128
Isi. reg. J127
Cleve.A Pitts., consol., s.f.
do
108
Union A Logansport— 78
do
4th mort...
Dcnv.A R.Grande— 1st, 1900 104M 104«
100
03
U. Pac— South Branch
Col. Chic A I. Cist con..
l.st cons. 7s, 1910
do
123
do
2d con...
Erie— 1st mort., extended
do 1st Tr't Co.ctfs.ass
2d mortg.. ext'n 59. 1919. tlOSk 109
«109Ki no
asB.
do 2d
do
3d mortgage, 78, IsaS
Southern Securities.
iioe
Ul7
an
86«
suppl
do 1st
do
4th mortgage, 7s, 18S0
American Coal
.
• 94
tl03>^
«105
A W.— 2d mort.
convertible
Mortglfge 7s, 1907
Syr. BU «h. A N. Y., 1st, 78
..
MorrlsA Essex, 1st
2d mort
do
bonds, 1900
do
construct'n
do
7s of 1871
do
....
AND BONDS.
N. Y. Central— Continued.
68, subscription
N. Y. C. A llud.. 1st m., cp,
do
1st m.,reg.
Huds. R., 7b, 2d m., s.f .,'86
Canada South., 1st, int. (
Kansas
10<?<
78,
115
United States Express
Wells, Fargo & Co
109H
Registered. 89
Collateral Trust, 6s
105
m
58^
Climax Mining
llOH
Del. Lack.
mo
American Express
Caribou Consol. Mining..
Central Arizona Mining....
Central N. J. Land Imp
f
.
.
Boston liund Cximpany
Boston Water Power
Canton Co., Baltimore
till)" 120
110>^
tl07
«114
120
..
C. St.L.A N. 0.- Ten. lien 7s
lat con. 7s
C. St. P. Minn. A O'aCons.Bs,
v;v,v"
Mlscellaneons St'ks.
Adams Exprcs.s
.
—
m.
1st
80
SO
—
»W%
Chicago..
Metropolitan Elevated
m\
Consol. bonds
180
532}^
Western....
InUrn'l & Gt. Northern.
Keokuk * Des Moines
do
1
1st So. Minn. dlv.Os. 1010. lOlH I0l>s;
108
1st m., H. AD., 78. 1010...
11I«
Ohic. A Northw.-Slnk. f'd. Jill
Int. bonds
City..
Frankfort* Kokomo....
Harlem
Ind Bloom.
j47)i
.
Cin. Ind. St. I.. & Chic
Clev. .4 Plttsbiirt;, guar....
Dubuouo & Slnux
mn
.
>
(
Funding Sa, 1899
do
regtatered
101
iniSCEI.I.ANEOUS STOCKS
Ist m..
Ask.
68, deferred
D. of Columbla-3'65e, 1984.
Registered
1010
ea.l^
1...
Ch.Mll.A St.P.-Contlnued
'
1
class 8
class 3
48,
1860.
Vlrglna—6b, old
8e,new, 1886
6s, new, 1867
6«, conaol. bonds
68, ex matured coupon.
6«, consol., 8d sortes
Small
Ohlo-6B, 1881
1898
1808
BU.
Tenneuee—6a, old
68, new
6«, new serlea
RR
Chatham
do
RAILROAD AND
Sailroad Stocks.
South Carolina—
6a, Act Mar. 88,
Non'fnndable
J.* J
St. Jo., 1886.
69, gold, coup.,
Bs, loan, 188!!
1801
Bb, do
HECnRITIM.
Rhode Island—es.ooup.lM- 9
do
A.4
do
coup, off, J. ft J
coup, off, A.iO.
do
Funding act, 18flB
1808
do
New bonds, J.ftJ
do
A. to
'88
'98
due
Ask
Bid.
North Carolina—6«, old.J JtJ
New York- 68, gold, reg.,'87
IlllnolB—68,coiipon, 1879...
War
4B14
'00
or Univ.,
Funding, 1894-05
IIOK
i:,:^;***
due 1880 or
Asylum
R. R. RR..
7s, Arkansas Ceniral HB.
Connecticut—68
Georgia— Bs
78, new
78, endorsed
78, gold
40»
6s,due 1887
Bs, due 1888
&
SECCBinXR.
Ask.
Bid.
Louisiana- 78, consolidated
Class A. 2 to 5, small
Class B.Rs
Class C, Si to 5
7s, Miss. O.
SECtTRITIES.
Bid. \Atk.
SICDRITIES.
Alabama— Class A, 2 to 5...
Carolina RR.
Stock
7s,
'
...
No qaoUUon
I1!7
117
108
IflS
95
lU)
too
Its
i»t ui..
5
non-enjoined
Non-mortg. bonds
West Ala.— Is; mort., Ss.
2d mort.. 8". gnar
Western N.r\— 1.> "'..'•
78. 1902,
lf<
16
•K
,
S4
lie
no
t<Mlty: Utert «ale this
ST
118
118
week.
.
.
..
.
THE (JHBONICLE.
120
NEW YORK LOCAL
Bank
Capital.
COKFAMIIB.
XiXL
SECURITIES.
Stock LUt.
Insnraace Stock
lilst.
[Quotations by B. S. Bailbt. Broker,7 Pine Street.]
VITIDBHCB.
Surploi
Vol.
I
at latest
dates.
Mwk'd tlrns ('J ? AmoDnt
not Nat".
Am.Kzcliiuige
Ask
J.AJ.
U.AN.
J.* J.
July, '80.
e
Hay,
;«'•
3W
f^
American
+ 50
American Exch 100
Bowery
Broadway
Citizens'
139H
230
lOOJi
.
i'46
100
148
Date.
Brooklyn Qas Light Co
Citizens* Gas Co (Bklyn)
do
bonds...
Harlem
Jersey City 4 Hoboken.
Manhattan
1,000
100
V»r.
100
Matual.N. Y
do
bonds.
....
Nasaan, Brooklyn
do
scrip...
New York
1,000
.
,
....
WlUlamsbnrg
do
bonds
Metropolitan, Brooklyn.
Unnlclpal
do
bondsFulton MuDlclpal
[Quotations
Bonds
Dry Dock E.B.&
byH.
& Grand
mortgage
St.
Ist
Central Cross
St.
..
Ferry— St'k
Town— Stock
Consol. convertible
Sixth
Grast, Broker.
100
900,000 J.
694,000 J.
1,000
100 2,100,000
1,000
10
1,000
145
Avenue— Stock
.
July, '80 150
June, •M 190
June, *80 140
June. *80 101
July, '80 75
1882
100
Feb., 'SO 48
May,
85
June, '80 102
Jan.,
.%
1897
95
1900
83
Ju y, '80 50
July. ^80 69
&
4
J.
J.
5004c. 900,000
100 1,000,000
1,000
100
1,000
100
1,000
100
600
100
1,000
1,000
:oo4c.
JOO
203,000
748,000
286,000
600,000
200,000
250,000
500,000
1,199,900
150.000
1,060,000
200,000
760,000
600,000
2,000,000
2,000,000
800,000
260,000
Ist mortgage
1,000
Third Avenue— Stock
100
Ist mortgage
1,000
Twenty-third Street— Stoqk. ..
100
1st mortgage
1.000
• This column shows last divideDd on
»focI(s,
1900
100
July, '80 50
July, •SO 175
1888
103
70
;
I
7
H
I
*
July,
J.4D.
Q-J.
Ji4 J.
.VI.4N.
A. 40.
Kellef
Standard
Star
Sterling
110
64
105
79
160
;92
145
105
80
104
63)<
100
104
39
100
95
60
72
lOi
65
180
no
*80
IS
98
;
103
KiO
103
140
95
1)0
—
110
160
100
160
110
July
.Ian..
May,
Apr.
105
170
M.4N
.
July, •SO
60
Apr., '85 100
^88
Sept..^83
lOK Jnly,
July,
100
1S5
190
Inly, •80.10
July, •80.10
185
190
120
'80. 4
SO. 5
June, '80.10
Feb., '80. 8
"
20
Feb., •80. 5
July. •80. 5
12
11
"ii
July, •77. 6
N'ne
100
July, •80. 4
io'
18
26
,159,661 12-60 13-40 13-65 July, •80.6-92 ISO
Apr., '80. 7W 190
688.418 20
20
15
July, '80. 8H 99
10
72,970 14
10
105
eh.. •80. 5
91,889 15
10
10
July, 80. tM 120
15
137.200 16
15
•80. 3>i 90
70,602 12
10
8M July,
100
July. •SO. 6
11
11
73,739 12
103
July, •80. 6
144,427
7
143
July, •80. 5
926,950 io
lb" 10
137
July, •80. 6
14
807,368 30
22
110
July. •80. 5
10
124,487 -20
10
July,' •SO. 7Ji 250
30
30
350,187 40
60
July, •80. 3
23,833 10
7
7
130
July, •80. 5
132,682 20
17H 12H July,
I.:3
•80. 6
10
730,285 10
20
80
luly. •80. 6
10
43,714 10
10
130
July, •80. 5
10
10
,366.888 10
60
10
2,244 10
3« Ian., '79. 3>t 100
Julv, '80, 5
10
150,228 12
6
90
July, '80. 5
10
10
74,418 12
60
'80. 4
11,179 13
10
8H July,
135
Mar., •80 5
292,229 10
10
10
170
July, •80.10
20
197,186 20
20
July. •80. 5
50
5
7,817 10
6
Ju y, •80. 5 110
14
115,730 20
1
100
July, •80. 5
10
67,097 10
10
July,
80
•80. 4
10
12,480 10
10
July, •80. 5
243,251 20
13
16
July, •80. 4
5
30,208 10
10
July, '80. 6
12
198,563 12
12
Jnly, '80. 5
10
140,812 20
10
July, •80. 6
146
20
211,480 30
20
July, 80. 7
150
20
166,213 20
20
July, •80. 5
9
10
36,101 10
10
Juiy, •80. 6
117
13
16
174,024 20
July, •80. 5
115
10
103,656 18
12
July.
155
80,
20
20
7
188,505 20
July, •80. 5
100
10
10
102.509 14
July, '80 6 150
13
318,87' 20
20
Fe^.,
•80.
12
120,620 17
14
6 110
60
I'ne '5"
11.882
July', 'SO. 3%
N'ne
19,869 io"
Ju.y, '80. 7 145
12
11
570,973 12
ipl.,
110
'80. 4
8
10
112,831 11
July. '80.10
205
20
30
409,086 20
Juy. •80. 6 108
95,53'' 20
12
12
July.
180
20
'80. 8
20
201,388 20
Jul
105
12
'80. 6
12
98,114 18
July, '80. 6
120
10
15
452,387 20
July. •80. 6
75
10
10
34,680 10
July,
•80. 3H 70
5
23,118 10
150
20
July, •80.10
20
196,294 20
50
9
Feb., •SO. 3
—6,040 10
10
9-'; 3 luly, •80.6-23 125
170.301 12-36 6-23
103
July, '80. 6
12« 12
136,014
10
3!^ 70
35,182 10
8H Feb., '80.
14
Juy, •80 6 r.5
10
143,382 16
100
10
July, •80. 6
10
94,865 -20
120
12
July, •80. 5
11
221,374 16
10
10
Jan •80, 6
122,964 10
•80.10
July,
20
30
437,314 80
17J<
18
6
,
nn
200
19!S
ISO
110
100
no
100
i20
135
170
90
100
70
141
120
105
90
130
83
140
105
195
160
109
180
120
70
63
160
lis
200
113
12S
83
7S
60
80
106
125
110
,
City Secarltlea.
IQnotatlons by
Dakml A. Uobait,
Broker, 87 Pine Street.]
Bonds
due.
Months Payable.
New
york:
1841-43.
Water stock
Croton waterstock.. 1845-51.
..1952-60.
do
do
Croton Aqueduct stock. 1865.
pipes and mains...
do
reservoir bonds
io
Central Paik bonds. .1858-57.
..1853-65.
oo
do
1870.
Dock bonds
do
Market stock
Improvement stock
00
do
Consolidated bonds
1-75.
1865-68.
1869
—
....ISfcO.
7
6
7
var.
var.
var.
7
do
do
New Consolidated
Westchester County
?«•
Co nsollflate I
Asses meat
110
150
100
100
100
112
75
100
I'M
tl5
175
no
175
115
4
4 J.
1,000,000
1,000,000
810,846
218,712
487,398
171.757
103,725
2,860
83,872
120
14
10
20
20
20
20
10
20
18
20
20
10-72 10
421.'*f6l20
...
1880
Feb., May Aug. 4 Nov.
1890
do
do
1883-1890
do
do
1884-1911
do
do
1884-1900
May 4 November.
Feb. .May, Aug.4 Nov. 1907-1911
1898
do
do
1895
do
do
1901
May 4 November.
1898
1894-1897
May 4 November.
1889
do
do
1890
do
do
1901
do
do
1888
do
do
1882
do
do
1896
January 4 July,
1894
do
do
Qua'-terly.
19'26
May 4 November.
1884
[Qocutlons by N. T. Bikes, Jr., Broker,
1
New
Bid. As'£,
100
106
104
106
112
118
108
115
125
113
127
107
115
122
107
102
115
132
107
102
101
107
109
120
125
120
109
116
Vi6
118
12s
108
116
123
108
1P5
116
1-23
109
103
St.]
102W 103
.luly, •so! 88
Dec.1902 108>«
Aug., •SO 70
1890
95
Aug., •SO 119
June
21
102
P2W 98
30
tlie
609,510 15
70,593:10
Street Imp. stock
105
but
400,000
200,000
300.000
200,000
163,000
300,000
210,000
260,000
800,000
200,000
1,000,000
300,000
200,000
200.010
200,000
204,000
150,000
200,000
Bid. Ask.
Last Paid
1877. 1878. 1879.
• Over all liabilities. Including re-Insurance, capital and scrip,
Min'js sign (- ) Indicates Impairment.
t Surplus Includes scrip.
35
Q-F.
J.4J.
F.4A.
Stuy vesant
Tradesmen's...
United States.
Westchester..
Wllllamsb^g C
25
J.
-
Kutgers'
St. Nicholas...
1
J*ly,1900
iJu y. 'PO
Julv, *8)
3>i;Aug.,'80
7 iNov., '80
3 [July, '80
"
Apr., '80
1888
Ju'y, '80
May,
National
N.Y. Equitable
New York Fire
N. Y. 4 Boston
New York City
Republic
Jnly, '94 iOO
J.4J.
A.4U.
M.4N.
M.4S.
M.4N.
Nassau (Bklyn)
Phenlx
:Joy.l904 100
J.
Manuf.4 Build
Manhattan....
Mech.4Trad^r8'
Mech'lcs'(Bkn)
Peter Cooper..
People^s
M.4N.
J.
Lorlllard
Park
Broadway.]
Q-J. 2
J.4D. 7
1,500,000
2,000,000 Q-F.
800,000 M.4N.
100
200,000 Q-J.
100
400,000 A. 4 0.
1,000
300.000 J.& J.
100
500,000 J. 4 J.
100 1,800,000 Q-J.
1,000 1,200,000 J.4D.
100
650,000 F.4A.
1,000
250,000 J. 4 J.
Batt'ry— Stock
100 1,200.000 Q-F.
lat mortgage
Boust.West St.& Pav.F'y-St'k
1st mortgage
Second Avenue— Stock
Sd mortgage
Extension
L.
100
Feb. *78 70
•
Istmortgage, consolidated
Eighth Avenue— Stock
Ist raorteage
42d
1898
,
Bleecker St. & Fult. Ferry -St'k
lat mortgage
Broadway & Seventh av.— St'k
Ist mortgage
Brooklyn City— Stock
1st mortgage
Broadway (Brooklyn)— Stock ..
Brooklyn
Hunter's Pt.— St'k
1st m(>rtgage bonds
Bushwick Av. (B'klyn)— Stock.
Central Pk. N. & E. Kiv.— Stock
Consolidated raort. bonds
Christopher & Tenth St.— Stock
.St
0.
25
Va'.
700,000 M.&N.
100 4,000,000 M.4N.
10 1,000,000 J. 4 J.
1,000
375,000 M.4N.
Var.
126,000 M.4N.
60
486,000 F.4 A.
50 1,000,000 Quar,
1)<
1,000 1,000,000 A.* O. 6
100 1,000,000 M.4N. 2H
100 1,600,000
5
.-.
750 000 M.4N. 6
100 (1,500.0001
.(.
People's (Brooklyn)
Mew York
4
'80 100
Feb;, *80 60
1,860.000 ?.4A.
.750,000 J. 4 J.
4,000,000 J. 4.J.
2,600,000 M.4B.
1,000,000 M. 4 S.
5,000,000 Quar.
1,000,000 F.4 A.
1,000,000 Var.
50
.
Ifietropolltan
do
certificates..
May,
Var.
Var.
316,000 A.
1880.*
200,000
200.000
200,000
150,000
500,000
200,000
3,000,000
160.000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
25
800,000
200,000
100
250,000
100
200,000
25
130,000
60
200,000
60
200,000
50
200,000
60
200,000
50
37^4 200,000
210,000
35
200,000
100
200,000
100
300,000
100
600,000
50
350,000
25
200,000
25
200 000
100
150,000
20
200,000
50
1.000,000
50
200,000
50
800,000
100
200,000
25
200,000
25
200,000
60
500,000
100
200,000
100
200,000
25
300,000
25
250,000
25
300,000
10
250,000
50
Paclllc
Bid.
*
25 2,000,000
20 1.200,000
...
Continental., t 100
Eagle
40
Empire City... 100
Exchange
30
Farragut
50
Firemen's
17
Flremen^B Tr
10
Frankliu4Emp 100
German-Amer. 100
50
Germanla
60
Globe
25
Greenwich
Guardian
100
Hamilton
15
Hanover
50
Hoffman
50
Home
100
Hope
25
Howard
50
Importer8^4 T. 50
Irving
^..
100
J
J f^fferson
30
Kings Co.(Bkn) 20
Knickerbocker 40
Larayette(Bkn) 50
Lamar.. .',..,
100
Lenox
25
LongIsl.(Bkn;t 60
Niagara
North P.lTer....
Gaa and City Railroad Stocks and Bonda.
Par.
30
50
Montauk (Bkn)
98
[Gaa (^notations by George H. Prentiss, Broker, 19 Broad Street.]
Gas CoupANixa.
Columbia
Commercial
Mercantile..
Merchants'..
the National banks
11, 1880, for
1
City
Clinton
&A
I The flfrures In this column are of date June
and of date June 12, 1880, for the State banks.
25
26
17
20
70
100
Brooklyn
m
.
1.
Amount
114>«
Butchers' & Or.
Bond?
Ponds
Surplus,
Juy
Par.
7«
10 July,
100 290,000 202,000
16
July, *8o! 8
2S 1,000,000 1,872.500 I.* J.
6
Juy, •80. 3H
88 800,000
(«,7-)0 J.ftJ.
July, '80. 4
7
100 2,000,000 434,800 J. A J
Central...
8
Uar., *80. 3
aoo,oo(>
lOO
74.100
Chase
6 Ju y, •80. 8
2S 480,000 180.800 J.& J.
Chatham
lOO July. *80.15
100 800,000 3,881 100 Bl-m*ly 100
Chemical
e July, '80. Sii
2S eoo.ooo i;6,400 J.& J.
6
Citizens*
May, 80.10 205
10
100 1,000,000 l,488,P0i; M.&N
10
City
8 July, 'SO. 4
Commerce ... 100 5.000,000 2,004,100 .J.& J. 8
3^ July. •80. 3« ii'4
OOBtlaental... iflO 1,000,000 202.400 i.&l.
10
Aug. '80. 6
Corn Excb'ge* luo 1,000,000 922,600 C.&A. "io
July, 80. 8«
70.300 .J.& J.
BaatBlTOr .... ss 260,000
July '76. 8
nth Ward*... 2S 100.000 I6,:ixi I.* J.
4J,8l)0 J. ft J.
July, '80. 3
100
150,000
Fifth
310
Fifth Avenue* 100 100,000 826.100
j'uiyi '80. 5
100 600,000 2.184.700 ii-J.
Flrat
July, •80. 3H
100 8,l!00,001) 1.0B1.80C 1.4 J
Fourth
May, 80. 3H
so 800,000 37U,800 M.&N.
Kulton
ApI., •80. 4
su 1,000,000 754,000 A.&O
eallatlQ
Aug., •80.
81.800 P.* A
German Am.' 75 750,00<J
6
May, •80. 5
eo,soo May.
German Exch.* 100 200,000
May, •80. 3
100 200,000
3
Br,200
0«rmanla*
e May, '80. 3
17.100 U.AN.
Greenwich* . . 25 200,000
fu y, *80. 3M
100 1,000,000 280,000 I.& J.
7
BanoTer
14 July, *80. 7
lmp.& Traders* 100 IMO.Wl
J.* J.
50 500,001 15S.810 .I.*J.
8 July, '80. 4
IrvlDK
Ju y '80. 3
7,500 J.* J.
Island City* ... 60 100,000
"s July, '80. 6
Leather Manuf. 100 600.000 441.800 J & .)
7 Aug., '80. 3«
Manhattan*
50 2,050,000 i,10.1,S.-K) F.
3 luiy, •80. 3>i
)i.7,800 ,/.* J.
Marine
100 400,000
July, •80. 4
500,000 2U5.000 }.&3.
Market
lOO
July. '80. 4
Mechanics*
25 2,000,000 1,032,100 i.i,3.
7tf,40u M.4N.
4
May, •80. 2)4
Mech. Assoc'n. 50 500,000
July, *79. 2H
41,800
Mech'lcs * Tr. 25 200,000
3
May, *79. 3
Mercantile
100 1,000,000 188,100 M.ftN.
luly, *pO 8«
Merchants*. ... 50 2,000,000 740,500 J.ft J.
6«
July, *80. 3
Merchants* Ex. 50 1,000,000 178.100 .J. 4 J.
Metropolis*..
41.000 J. 4 J.
July, 'SO. sa
100 800,000
9 July, '80. 6
Metropolitan ,. 100 3,000,000 1,351,200 .(.4 J. id
12 July, *80. 3
Murray UUl*.. 100 100,000
77.8C0 J. 4 J. 12
6
5
May. '80. 3
Naasaii*
60,700 il.4M
100 1,000,000
7
KewYors
July, '80. 4
100 2,000,000 802,100 .1.4 J.
47,300 J. 4 J
8
July, '80. 4
N. Y. County.. 100 200,000
T^ A.iig. *80. S%
88 500 F.&A.
8
N. Y. N. ixch. 100 300,000
5
Kin til
148,700 J. 4 J. ...
100 750,000
Juiy, *80. 3«
No. America".. TO 700,000 166.900 .J. 4 J. ...
July, 80. 3
North Blver*. .W 240,000
63.800 J. 4 J.
7 July, 80. 3,1^
8 July, *80. 4
Oriental*
25 300,000 183.100 J. 4 J. 10
10
10
Pacific'...
50 422,700 223,500 Q-F.
Aug., '80. 2X
6
6
Park
534.300 J. 4 J.
.July, *80. 4
100 2,000,000
«
7 July, •SO. 8W
Pcople*B'
25 412,600 130.400 .1.4 J.
6
Phenlx
3 July, •80. 3
20 1,000,000 218,600 J. 4 J.
Produce*
July, •74. 3H
50 119,1)00
Republic
6
"b^^ Aug., *80. 4
lOO 1,500,000 714,800 r.'4A
St. Nicholas...
3 July, •SO. 3H
...
600,000 135.800
Berenth Ward,
3
58,800 JVij
July, '80. 8
300,000
Second
U
8 July, •80. 9
128.500 J. 4 J
800,000
10
H
laiy, •80. 4
500,000 1J3.200 J. 4 J
tUoe & Leather
Ixth
6
6
40.800 J. 4 J.
200,000
July, *80 3
SUteof N. T..
7
7
May,' •80. 3V«
800,000 273,600 M.4.M
Third
.S
100 1,COO,000
182,00D J.4J.
July, '80. 3>i
TradeBmen*s.
279.100 J. 4 J
4011,000,000
7^ 7 July, •80. 3!<
Union
10
8
501,200,000 711,100 U.4N
lay. •80. 5
WeatSlde*..,
100 200,000 126,900 J. 4 J,
8
12
July *80. 6
Bowery
Broadway
Central ot
Net
Capital.
CoavAHin.
100 3,000,000 1,610.300
100 5,000,000 1.446,0<)0
America'
Bid.
Last Paid.
Period 1878. 1879.
re
87H
Brooktlfn—hoc&i im ir'em^tClty bonds
do
Parkbonds
Water loan bonds
——
Brldf*ebond8
"Waler loan.
City bonds
Kings Co. bonds
do
4
July,
-Io
io
do
do
do
May 4 November.
do
no
January * July.
do
do
do
do
Park boncts
BrldgR
•AllBrooklyn bonds
Jaiuary
do
do
do
do
1880-18RS l02Vt !08
118
18o3-lS91 107
132
:915-19'24 130
1.10
lflOO-1924 128
131
1904-1912 129
118
I886-I902I109
116
18S1-1800 102
111
1880-1883 106
116
1880-1S85 114
121
19-24
119
119
1907-1910 116
flat.
103
65
[Quotations by C. Zabkiskie, 47
Montgomery
St.,
Jersey City.]
100
97Ji IOO
.Miiy, ^77 l'J5
J ufy, •OO 110
'80 130
May,
July, •OO 104
Feb., 'SO 115
May. '931105
115
175
106
120
112
dale of maturity of bonds
Jerstv
cay—
Water loan
do
.long..'
1869-'71.
Improvement bonds
Bergen bonds
January 4 July.
January 4 Juiy.
4 J. and J 4 D.
January and July.
J.
1868-69.
1893
1899-1903
1891-94
1900
101
109
102
105
108
100
101
110
:
July
..
. .,
:
:
THE CHEONICLE.
31, 1S60.]'
%nxszstmznt$
STATE CITt AND COBPOBATION FINANCEf.
,
The Investors' Sm>PLEMEiJT contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and ot/ier Oompnnies. It is publithed on the lant
—
Saturday of every other month viz., February, April, June,
August, October and Dtcember, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
INDEX SINCE JUNE SUPPLEMENT.
is an Index to all reports and Items lieretoforo published in the invcwtment Department of the Ch honicle stuoe the liiKt
annual reirorts are indexed in
Istiuo of the INVEBTOKS' SurrLEMENT
black-faced tyiie
Alabanisi Great Southern
94 Manhattan Elevated
68, f)r,
Anthracite C(ial Fields. (V. 30] 674 Marietta & Cincinnati
68, 95
Anthracite Coal Tonnage
87 Metropolitan f:ievated .45, 68, 95
20
Aiithracite Coal Trade
20 Michigan Central
ArkannaB Bondr^
88 Mineral Point....
44
Atch. Top. & San. Fo
43, 07
Atlantic Miss. & Ohio
20, 43 Nashua A Lowell
67
Atlantic & North Carolina
44 Nashv. Chat. & St. L...[V. 30] 675
The followlug
;
New Orleans Pacific
95
Boston ife Albany
44 N. Y. Boston & Albany
20
Boston JIartford cfe Erle....44, 07 N.Y. Cent,& Hud. Rlv
95
Boston lIiMLsao Tunnel <fe Alb.. 20 New York City
45
Brooklyn Kievated
44 N. Y. City <fe Northern
95
Brooklyn & Montauk...[V. 30] C74 New York Elevated
68
95
Buffalo & Southwostcru
67 N. Y.Lake E.&W
20, 68
Cairo <& Vincenncs
68 N. Y. Loan & Iniprovem't Co.. (JH
95
Canton Company of Baltimore 43 N. Y. Ontario & Western
•...
68
Carolina Central
68 N. Y. Peim. & Ohio
Shore
Chic.[V.30]
N.
Y.
West
&
675
Central Iowa
20
45
Chesap. & Dcia. Canal.. (V. 30] 674 North Carolina State Bonds.
68, 95
Chieaeo & Alton
68 Northern Paoiflc
Ghic. & Hannibal & St. Joseph
94
Ohio&Mlss
[V.30]
675,
Chicaco & Iowa
44
20. 46. 68
Chic. Mil. & St. P
44
[V.30] 075
Chioaco & Northw.I V. 30] 674, 94 Oweusboro a Nash
Chic. St. P.M. & O. V. 30]^ 67.\ 20
46, 68
Chic. E.I. & Pac
[V. 30].6T3 Paeiflc Railroads
Cin. Ham. & Dayton. ... (V. 30] 067 Pennsylvania K14.[V. 10]. 675.
20, 96
Cleveland A Marietta
94
69
C'olora. Coal & Iron C'o.(V. 30] 675 Philadelphia & Read. .21, 46,
Pitts.
W. & Chic. [Y. 30]. 674
Delaware & Hudson Canal
44 Plttsl).Ft.
Titusv. & BulTalo
.40, 96
Denver & Kio Grande
44, 94
21
Denver South Park & Pac.. 45. 68 Portland & Ogdonsburg
Detroit & BuUer
[V. 30] 675 (Juincy Missouri & Pacific
21
District of Columbia
88
Railroads of the U. S., 1879
96
Bastern (Macs)
45
Evansv. & Terre Haute
45 St. Louis Arkiinsas & Texas.
96
Flint & Pere Marquette. [V. 30] 675 St. Louis Iron Mount.& So
88
21, 96
Framiugham & Lowell
94 St. P. Miuneivp. & Man
& Sioux City
88
Gal V. Houst. & Henderson
45 St. Paul
88
Gas Stocks
88 Scioto Valley
& Northe.asteni
44
Grayvlllo & Mattoon
45 Spriurfeld
ifcNorthweet'n
(lU.)..
Sjuiuiff.
61
Greenville & Columbia
68, 94
Hannibal A St. Joseph
20 Texas & Paeiflc [V. 30]
675,
Houston & Texas Cent. [V. 30] 075
61, 96
70
Kan. City St. Jo. A C. B
94 Toledo Peoria & Warsaw
lake Shore & Michigan So. . . . 20 PnionPaciflc
88
Louisiana State Bonds
88 Virginia Bonds and Coupons.
88
Louisville & Nash V
45. 95
LoulBV. N. Alb. & Chic.
Wab. 8t.L.& Pao
V. 30]
21, 70
675, 95 Western Union Telegraph
21
.
.
I
.
. .
.
.
121
Railroad Company having threatened to eject the Adams Express Company from its line, the express company applied to
the U. S. Court for an injunction, which wa-s granted. On a
preliminary hearing of the case in May last. Justice Harhin
issued a restraining order until the final hearing of the case.
Recently the railroad company has annoyed the express company in various ways, and finally refused to receive its safes and
chests unless the railroad company were permitted to open and
examine the contents, whereupon the express company moved
an attachment against the railroad company and its various
officers for contempt.
The greate? part of last week was
occupied in the arjgument, and to-day Judge Gresham delivered
an opinion which is interesting as affecting the transportation
interests of the country.
He holds that the railroad company
and its officers were in contempt, but as they were acting under
the advice of counsel he dismisses the attachment at their cost.
A railroad company has no right to charge an expre.ss company
carrying packed parcels the aggregate sum it might charge for
parcels if sent separately, but may charge a reasonable rate for
the carrying of a safe or chest containing parcels as one single
package only. It cannot demand an inspection of the vontenta
of such parcel unless it has reason to believe the contents to be
dangerous to life or property. The decision defines the rights
between the parties to be the same as before the suit was begun,
and directs that the status of affairs existing then Iw maintained until the final hearing."
American Union Telegraph.
—A meeting
—
Western Union Tele?rapli.
of the Central Construction Company, which i»
building the American Union lines, was held Tuesday, when it
was agreed to appoint arbitrators to look over the work done
for the American Union Telegraph Company and approve it.
The American Union, it is said, will eventually issue ?10,000,00O
of stock and $5,000,000 of bonds for construction purpo.ses, but
upon report of the arbitrators will only issue half the amount,
reserving the balance for future payment.
The press despatch from Topeka, Kan., July 27, said:
"Judge ]>£cCrary to-day filed an opinion in the case of the
Western Union Telegraph Company against the Kansas Pacific
Railway Company and others on the amended bill of the Western Union Company recently argued before him at Keokuk,
Iowa. He hol(h) in favor of the Western Union Company on
every point. He decides that the rights of the Western Union
Telegraph Company attached by virtue of the act of Congress
—
of 1864, authorizing the contract of the railroad company
with the United States Telegraph Company, and that the
property accumulated by the Western Union Telegraph Company was therefore entitled to judicial protection, and could
not be seized by force and without warrant of law by the railroad company. This disposes of the matter, as far as the
United States Circuit Court is concerned, and covers every question of law which can possibly arise affecting the right of the
Western Union Company
to a complete and immediate restoraproperty in this particular case."
Atlantic Mississippi & Ohio. In pursuance of the decree
of the U. S. Court, M. F. Pleasants, master, has advertised
that he will sell in Richmond, Va., on the first day of November next, all the mortgaged premises, franchises and property,
both real, persunal and mixed, of the Atlantic Mississippi &
Ohio Railroad Company.
The amended reorganization scheme.which has been adopted
by both the English and Dutch committees, differs somewhat
from the former plan, and the following are its main points
Atlanta & West Point.
At the sale under the proceedings for foreclosure of the
{For the yeir ending June 30, 1880.)
mortgage to secure the 7 per cent consolidated bonds, the purThe annual report is promptly issued, and shows the foUow- chasing committee will be as follows: Sir Henry Whatley
iiig tiaffie
Tvler, M. P., John Collinson, Hendrik Jan de Marez Oyens,
1879-80.
1878-79. Charles Smith Seyton, Captain Douglas Galton, R. E.
Passengers carried
39.662
The position of the divisional securities will remain unBales cotton carried
88,863
73,491
Total tons freight
,„ 99,604
74,885 changed, subject, however, to the provisions hereinafter made
for acquiring or extending the same. The divisional securities
The earnings for the year were as follows
outstanding are approximately as follows:
1879-80.
1878-79.
. . .
tion of their
—
. . f
I
—
ANNUAI. REPORTS.
:
Tassage
Freight
Mails,
„
Ac
Total
Expenses
;.
Net
$110,592
220,215
37,322
$97,580
202,497
30,194
$368,130
214,801
$330,262
206,892
$153,329
$123,370
Expenses include $6,000 for rental of Georgia and Central
tracks, and about $12,000 for betterments to the property.
During the year steel raUs have been substituted for most of
the old light iron, and there are now 22 miles of steel track.
Superintendent L. P. Grant's report says " Your property
IS now virtually in the hands of the State Railroad Commission.
The officers and directors of the company have now no voice in
making local rates for passengers and freights— except a small
discretion on a few immaterial items. As more than threefourths of our net revenue is derived from local business, the
power of the commission over your property can be readily
understood. We have worked the standard rates, established
"y^ne commission, during the past months of may and June,
and fand the average reduction, from our former local freight
rates to be 31 per cent.
If we are held to the same rates
during the ensuing fiscal year, our net revenue will be so
greatly reduced that we must suspend needed improvements,
:
_
or the shareholders accept small dividends."
g-eneraIj
investment news.
Adams Express Company.—A
apolis, July 26, says:
press despatch
" The LoaisviUe
from Indian-
New Albany &
Chicago
Norfolk & Petersburg Railroad
South Side Railroad
Virginia & Tennessee Railroad
Miscellaneous— Interest funding notes Issued Jan.
8 per cent
Total
$967,000
1,738,500
2,395,590
1,
1874,
134,584
$5,235,674
REOEQANIZATION FIRST MORTOAQB SIX PER CENT BONDS.
6,000 of these bonds of $1,000 each, having thirty years to
run, will be created by the new company, and be employed from
time to time in acquiring the divisional securities. All th»
divisional securities so acquired will be held by the trustees of
the reorganization first mortgage, in trust, uncanceled, and
without their lien being impaired, for the security of the bondholders under such mortgage, and will be canceled when all the
divisional securities shall have been so acquired, but not before.
If it shall appear to the new company desirable to extend the
time for the payment of any divisional securities due or to
become due, and to issue new coupon sheets therefor, the new
company will have power to do so without prejudice to the lien
of the securities extended.
REORGANIZATION SECOND M0RT«AGB FIVE PER CENT BONDS.
The principal of the existing 5,470 issued consolidated 7 per
cent gold bonds will be represented by an equal number of reorganization second mortgage 5 per cent bonds of |1,000 each,
having fifty years to run. These bonds, however, will only
bear interest at the rate of four per cent per annum until the
1st of April, 1884, and 5 per cent per annum thereafter, and
they will be issued and delivered to the Trust Company in trust.
EBORQANIZATION FOUR PER CENT INCOME MORTGAGE BO^^S.
Reorganization 4 per cent income mortgage bonds will bo
...
..
THE (CHRONICLE.
122
[Vol XXXL
for the parative statement of the business of the railroads owped and
issued and delivered in trust to the Trust Company
leased by this company for June:
aggregate of the following amounts:
consolidated 7 per
1879.
1880.
/<>) The overdue and unpaid interest on all tlic Issued
second
,
cent bonds to the date from whleh the reorganization
simmurtira^'o lionds commence to run. with 6 per cent per annnni
and
ple interest to the same date on all such ovenluo interest,
conissued
the
tb) The ditt\ renco betwten the Interest secured by all
sollduted 7 iicr cent sold bonds and the interest secured by the
fioiii
tlie
full
reortimization second mortsa^e bonds, capitalized in
date wlien the latter bonds commence to run to the 1st of October,
lUol, incluaive.
[Interest will not
be cumulative, but payable each year
Oross
Ponnsjlvauia Division
Alliany & Susquehanna.
Rensselaer & Saratoga
New Yorlc & Canadal
.
Total
BBOROANIZATION STOCK.
Beorganization stock will be issued and delivered in trust to
the Trust Company for $547,000, in 5,470 shares of $100 each.
For each $1,000 consolidated 7 per cent gold bond, with all
coupons belonging thereto, unmatured at the date from which
the reorganization second mortgage bonds commence to run,
there will be delivered $1,000 reorganization second mortgage
bond and $100 reorganization stock.
Additional reorganization income bonds and stock, as well as
additional bonds of an inferior rank to the said income bonds,
may, if the English and Amsterdam Committees shall both
deem it e.xpedient so to do, be issued, and may be used for providing the purchase money of the property, or any other sums
which they may consider necessary to provide for the purpose
of carrying out the scheme.
The purchasing committee may charge the costs and expenses
incurred, or to be incurred, in and about this scheme, and not
paid in the course of the foreclosure proceedings upon the reorganization second mortgage bonds, income bonds and stock to
be delivered as above. They may also charge, or concur
in charging, all or any part of the costs and expenses of the
foreclosure proceedings and of all other matters connected with
the reorganization upon the first net earnings of the new company after providing for current interest upon the divisional
securities and first mortgage bonds issued and outstanding.
Atlantic & North Carolina. The Railroad Gazette reports
that four propositions for leasing this road have been received
$55,407
32,722
52,480
9,990
118,70!)
33,300
$1,886,694 $720 418
Total to date
earned.]
$107,094
80,920
$340,930 $150,659
1,545,703
569,758
Previous
if
.
From the above
it
dross
earu^iif/s.
.
will
V
,
Net
earninijs.
Net
eunnngf. earnings.
$21,TO1
$70,008
110,934
33,494
60,635
148,325
19,572
50,228
$386,096 $135,403
830,289
1,996,998
$2,383,094 $905,692
be seen that the total net earnings
show a decrease for June,
1880, of $15,255, the net earnings of
the Pennsylvania Division having decreased $33,765, while the
leased roads show an increase of $772 for Albany & Susquehanna, $8,155 for Rensselaer & Saratoga and $9,532 for New
York & Canada. The net increase in earnings from January 1
to date amounts to $245,274.
—
District of Colnnibia Bonds. The first comptroller decides
that the new three-sixty-five bonds to be issued
the payment
of indebtedness against the District ($700,000) stand on the
same footing as the old bonds, and that the interest thereon can
be paid out of the existing appropriation.
m
—
Elizabeth City, N. J. A committee of the officers of the
city of Elizabeth was appointed some time ago to adjust the
city debt. The committee met in Elizabeth on Monday evening
and received a communication from the Mutual Benefit Life
Insurance Company of Newark, stating that the company had
appointed a committee which would listen to any plan of
settlement that the city authorities might have to offer. A
sub-committee of the Elizabeth officers was appointed for the
purpose, consisting of Mayor Bonnett, Comptroller Bowers,
and Councilmen Gilhooly, SicGrath and McKinley. Yesterday
(Thursday) morning at 10 o'clock, the conference took place at
the office of the insurance company at Newark. The company
was represented by ex-Senator Frelinghuysen, President Grover
and Henzi Dodd. A long meeting was" held, but no definita
arrangement was made. The Mutual Benefit Insurance ComThey are
in all.
pany IS one of the principal creditors of the city of Elizabeth.
1. From Appleton Oaksmith, representing the so-called Mid]\ew York Tribune.
land Route, for forty years, at $1,200,000 for the whole term,
Galveston Brazos & Colorado. This railroad is to be sold
lessees to have the privilege of mortgaging the road for $15,000
per mile. This offer has somewhat uncertain backing. 2. From August 24, under foreclosure proceedings. The sale is under
C. W. McLean, of Chicago, who offers $35,000 a year, term not a mortgage loan of $100,000 eignt per cent 25-year bonds issued
in 1877. Interest is due since January, 1878, and the fifteen
fixed.
3. From K. R. Bridgers, President of the Wilmington
& Weldon Company, who offers .^33,000 a year for twenty-three miles of narrow-gauge road completed south of Galveston are
years. 4. From W. P. Clyde, A. S. Buford and A. B. Andrews, to be sold with the appurtenances.
representing the Richmond & Danville combination, who offer
Kansas City Ft. Scott & Gulf. The-trustees under the first
$80,000 a year for twenty-one years. The road has not a very mortgage give notice that they have $569,000 in their posseslarge bus'iness, but its control is of some value as affecting sion for the purchase of bonds in accordance with the terms of
rates on a considerable local business.
the mortgage. They will receive proposals at their office. No.
Angnsta & Knoxville. A mortgage has been executed on 21 Sears Building, Boston, until August 9, for the sale to them
the property of this company, and an issue of $530,000 in bonds of bonds to the extent of said fund, at a price not to exceed
110 flat.
will soon be offered for sale.
Laurens, S. C. The Laurens Railroad will be sold in ColumBuffalo & Southwestern.— A despatch from Buffalo, July
29, reports that the proposed lease of the Buffalo & South- bia, S. C, August 2, under foreclosure, the Court having overwestern Railway for a term of 99 years to the New York Lake ruled a motion to delay or transfer the sale. The total debt of
Erie & Western Company ha-s been consummated. On Thursday the company is about $175,000. The road is 30 miles long,
of last week the full Board of Directors of the New York Lake from Newberry, S. C, on the Greenville & Columbia road, to
Erie & Western Railway adopted the lease for a period of 99 Laurensville.
years, and the terms were duly accepted at a meetmg of the
Lehigh Coal & Navigation Co. It is reported that the
Buffalo & Southwestern Company's Board held yesterday. The Lehigh Coal & Navigation Co. is only $70,000 behind its fixed
conditions are as follows " The Erie is to pay to the Buffalo charges for the first six months of the year, which is a gain of
& Southwestern, semi-annually, 35 per cent of the gross earn- $70,000 over the corresponding half-year of 1879. The gain is
ings of the line, and in all cases to pay the interest on the entirely on the company's road, the Lehigh- & Susquehanna,
bonds of the Buffalo & Southwestern Company, which amount whose contribution to its treasury of 30 per cent of the gross
to $1,500,000, said interest to be deposited in the First National earnings has been $120,000 more than for the first half of 1879.
Bank of New York on the 25th of December and June of each
Louisville & Nashville. The Louisville Courier-Journal
year, said deposits to continue for the full term of 99 years.
The difference between the amount paid for interest and the 35 gives an abstract of the year's earnings and the bonded debt, as
when adjusted. The following are the earnings
per cent of gross earnings to be paid to the Buffalo & South- it will stand
of the road for 1878-79 and 1879-80, the fiscal year ending
western Company for divison among the stockholders."
—
:
—
—
—
—
—
—
:
.
—
Burlington Cedar Rapids
& Northern.—The following is an
statement of the earnings and expenses for the year
ending June SO, 1880
June
30:
-1878-79.Oross
Net
official
:
Length of track operated, 492
miles.
Aug.
Capital stock istned...
Bonded debt carry iiig ,^ per cent interest
Gross earuiUL's for year endiiiRjuneSO, 13fe0
NetearniiiKS forycar eiuliug June 30, 1880
Oross earnings for previous year
Net earnings for previous year
$5,500,000
6 500 000
l'863'47''
'678'g08
]
'437303
-"\V.\...[.V..
Drummond made an
order, July 26
Railroad, W. h'
directing the receiver of the Chicago & Iowa
Holcomb, to collect all the earnings of the Rockford road and
also to furnish the necessary rolling-stock to operate the
line
The contested question as to whether Holcomb operates the
Rockford & Northern road under a lease dated July ], 1875, or
under a tripartite operating arrangement between the Chieao-o
Rockford & Northern, the Chicago Burlingti^n & Quinoy and Holcomb, alleged to have been entered into in September, 1877 is
still left undecided.
No rent has been paid since the controversy arose on account of the use of the Rockford road,
and as
the business of the road is worth a considerable amount
the
above order was made in accordance with the tripartite an-reement, and this is to be continued in force until the decifiion
of
the controversy.
Delaware
& Hudson
Canal Co.— The following
.
. .
Earnings.
$369,007
428,991
407,927
455,699
Sept....
.
Oct
Nov.
Dec...
.
.591.370
.
505,813
. .
.
1879-80.-
Net
Earnings.
Earnings.
$112,929
169,229
153,848
182,474
298,442
245,277
Nximber
of Miles
Operated.
972
$150,964
154,806 1,107 No. 1
229,577 1,107
279.809 1,107
368,654 1,107
346,943 1,107
\ 387'9(ji
Cliicaeo & Iowa.—The Chicago papers report that in the
case of Campbell vs. the Chicago Rockford & Northern Rail-
road Company, Judge
Months.
July...
is
a com-
$2,758,899
2,758,899 $1,162,200 $3,378,631 $1,520,755
450,476
182,633
674,455
335,903 1,107
Jan. ...
430.637
170,3.54
575,035
242,346 1,107
Feb....
421,578
143,572
March
612,593
242,045 1,287 No. 2
396,082
128,393
563,882
169,140 1,318 No. 3
April...
425,750
170,163
655,014
238,422 1,561 No. 4
May.-..
» 870,000
504,229
274,450
387,850 1,702 No. 5
June ...
.
.
.
.
$2,628,755
Total.. $5,387,595
$1,069,570
$2,231,771
$3,950,981
$7,329,613
$1,615,708
$3,136,464
* Estimated.
Miles.
135
No. 1— Including Evansville Henderson & Nashville Division
180
No. 2— Including Mobile & Montgomery Division
31
No. 3— Including Southern Division Cumberland & Ohio
No. 4— Including St. Louis & Soiitlioasteru Division. 208 miles;
243
Owensboro &. Mobile Division, 35 miles
141
No. 5--Includiug New Orleans & Mobile Division
THE BONDED DEBT.
" Having learned now what the resources q£ the company are,
the next step is to know what are its obligAons, or what they
will be when the present negotiations are cafried to a successful conclusion.
:
:
Jdli
THE CHRONKJLE.
31, tSSO.J
123
" The proceeds of the mortgaije for $20,000,000 will be used Preferred stock
Common stock
up paying the floating debt m paying for the recent acquisitions of the company, and in redeeming bonds which are
falling due during the next twenty years. The new mortgage
bears six per cent interest ; the bonds which they are to replace
bear seven per cent interest. When this mortgage is placed
and the other bonds canceled, the debt of the company will be
as follows
Hate of
Ouiracler of Indebtedness.
$2,000,000
4^,000,000
„
j
Total
$50 000 CfOO
Additional stock procured by ICKlslatlvouutUo'ri'ty!!".'!!"! isioooiooo
^5 000 000
Total
Stock issued upon old llrgt mortgage bonds
Stock Issued upon 20 per cent aHsessment
Stock Issued upon an additional 20 per cent
Stock Issued upon 30 per cent assessment
...'.'..".",'.'.
'
'
aueument
IsioOOOOO
'35 OOo'oOO
""
'.
Ti>lal
Amount.
Interest.
Interest.
2'770'oOO
6,094)450
Total
$56,824,450
the further sum of $1,295,650 which may be issued upon
the payment of the further sum of $388,000, which sum waa
tendered and refused after the service of a notice of an injunc133,001) tion restraining the issue of any more stock except upon the
11,430 payment of a 30 per cent assessment, and upon any stotik in
6
Nashville (State indorsement)
84,00t) excess of $50,000,000.
6
Nashville stock (div. guar.)
The excess of $8,824,450 will not be
G
300,003
8. & N. Alabama (mort.)
31,2S() delivered to the parties paying the assessment until after the
S. AN. Alaliania (State indorsed) 8
300,000 expiration of the thirty days notice to the Stock Exchange s8
New Orleans & Mobile Dlvisiou. 6
required by its rules.
Very respectfully,
$2,562,.555
Total
$41,512,250
C. N. Jordan, Chairman.
" This statement shows the entire indebtedne.ss of the comNote. We consider that our right to issue stock is exhausted,
and that the amount stated herein is the absolute amount of
Eany, by comparing the last annual report with the papers
led with the mortgage, and it majr be received as entirely the capital stock of the new company, i. e., $56,824,450, plus
trustworthy. It embraces 1,702 miles of road, which during ^1 ,295,550 if $388,000 is paid in.
the year will, by the completion of lines under contract, be
Ohio & Mississippi.— A Chicago telegram says that Judge
increased to 1 ,840 miles of road. From a comparison of these Drummond in the Ohio & Missis.sippi Hailroadlitigation baa
two tables it is seen that after paying interest and fixed i'ust ordered that the Receiver must first put the Springfield
charges there will remain a surplus of $1,400,000.
)ivision Road in repair
second, pay the Julv interest on the
Metropolitan Elevated
New York Elc- main line third, pay all current coupons hereafter as fast
Manhattan
Tated. An agreement for arbitration has finally been accepted. as they mature, including the first and second mortgages on
At the meeting of Manhattan directors this week there were the main line, and the Springfield Division ; fourth, pay from
nine members of the board present, Ave of them representing any surplus, alternately, the back coupons on the Springfield
the Metropolitan Company and the remainder the New York Division and the main line second mortgages.
Company. A resolution was offered by Cyrus W. Field that
Pennsylvania Railroad. The Philadelphia Ledger makes
the question of a basis upon which the New York and Metro- the following .statements:
politan Companies' stocks should be consolidated should be
" We now publish full returns of receipts by the Pennsylreferred to the presidents of the five leading trust companies vania Railroad during the first half of the present year, which
President John A. Stewart, of the foot up a total of almost $20,000,000 upon the Eastern lines.
of this city, as follows
United States Trust Company President Henry Parish, of the A comparison with the corresponding period of 1879 and the
New York Life Insurance & Trust Company ; President Rose- earnings for the month of June present the following table:
well G. Rolston, of the Farmers' Loan & Trust Company; PresiIQross
Operating
Net
dent Edward King, of the Union Trust Company, and President
Earnings.
Expenses.
Earnings.
June,
1879
$2,390,809
$1,789,905
$600,904
Henry F. Spaulding, of the Central Trust Company. The
June, 1880
3,221,475
2,209,318
1.012,157
decision of these five gentlemen, or any three of them, is to be
final.
Mr. Field's resolution was carried unanimously, after
Increase
$830,666
$419,413
$411,253
23-4
Percent
345
68-3
which the meeting adjourned.
The directors of the two
$15,414,056
$9,568,291
$5,845,765
elevated roads subsequently approved of the plan. After the two Half year, 1879
Half year, 1880
19,434,060
11,339,751
8,004,319
elevated companies had formally reported their assent to the
arbitration scheme, a discussion arose as to how the matter
Inorease
$4,020,013
$1,771,460
$2,248,553
261
38-5Percent
186
should be laid before the arbitrators. It was finally decideii
"West of Pittsburg & Erie all lines show a surplus over
that each company should select a committee of one to prepare
a statement of what it wanted, and lay the matter before the liabilities of $1,311,136, a gain of $1,730,473 over the same time
«
*
*
"The net earnings for the first six
trust companies' presidents. Mr. Cyrus W. Field was chosen by last year."
the New York Company and Gren. Horace Porter by the Metro- months more than suffice to pay a dividend of 11 per cent on
politan Company. They met and signed an agreement to appear the capital stock, and the net increase over last year was more
before the arbitrators at 10 o'clock on Thursday, Aug. 5. than enough to pay the 3 per cent that was declared. The
Each member of the committee will be allowed four hours in Western lines are aoing better than ever before, and bring up
which to pre.sent his case, and an additional hour each is to be the gain on all lines to very nearly $4,000,000. If they conallotted to the companies' lawyers.
President King of the tinue through the year in anything like the ratio for the first
Union Trust Company President Rol.ston of the Farmers' Loan six months, the net earnings will be about 20 per cent and the
& Trust Company and President Spaulding of the Central surplus from the Western lines will approximate $3,000,000
Trust Company have signified their acceptance of positions on more, bringing the net surplus on the operations of both comthe arbitration committee.
panies up to about 25 per cent on the capital stock of the railroad company."
Missonri Pacific Consolidation.— A special despatch to the
Olobe'Demorrat from Kansas City, Mo., July 21, said: "To-day, by
Peoria Pekin & Jacksonville.- This road, which was purlegal notification, the stockholders of the Kansas City & Eastern chased some time ago by Solon Humphreys, is now practically
Railway are called upon to take action regarding Gould's latest a branch of the Wabash, and the following officers have been
bid, consolidation scheme, by which the Missouri Pacific Rail- elected: President, Solon Humphreys; Secretary and Treasurer,
road, the St. Louis & Lexington Railroad, the Kansas City & George P. Millard; General Manager, George Skinner. The
Eastern Railroad, the Lexing:ton & Southern Railroad, the St. name has been changed, and it will be now known as the Peoria
Louis Kansas & Arizona Railroad and the Kansas City Lex- & Jacksonville Railroad. The capital stock is $950,000.
ington & Atchison Railroad are to be consolidated under the
Philadelphia & Reading.- The following is the comparative
name of the Missouri Pacific Railroad. By the order issued
statement of earnings in June and for seven months Nov. 30,
to-day, the stockholders of each company are called upon to
1879, to June 30, 1880
ratify such con.solidation on a certain day. This is a mere
1880form, as Gould controls the entire lines, and the capital stock
llontli.
7 montlis.
$9,032,055 05
of the consolidated company is fixed at $30,000,000, and to take Gross receipts
$1,398,536 72
7,489,505 86
1,025,753 34
up all old outstanding bonds a monster mortgage for this Gross expenses
amount be recorded, and the entire franchise, right of way,
$2,142,519 19
Net profit
$372,783 38
etc., given as security. This is done in order to give new bonds
-1879for tne old and to have it all under one head.
7 utonths.
Monlli.
It was
$7,870,324 32
$1,343,014 25
thought the Missouri Kansas & Texas property would also be Gross receipts
8,704,414 9*
60
Gross
990,593
expenses
included in this consolidation, but it seems to be Gould's idea
.''
now to consolidate the M. K. & T. R. R. with the Hannibal &
$1,811,009 38
$352,420 65
Net profit
St. Joseph Railroad, and thus form another great system North
Comparative statement of business of the Phfladelphia &
and South, as he has the Wabash & Missouri Pacific system Reading Coal & Iron Company
^
East and West."
ilonlh.
^ 7 monlliS.
New York Ontario & Western.— The following communica- Receipts
$6,010.936 39
$756,656 63
6.194,017 56
79
tion was sent to the Stock Exchange
6^5,488
Expenses
A. B. Bnylis, Esq., Chairman Committee on Slock List.
Loss
$93,031 17
84
$71,167
Profit.
6
New iiiort)fage
6
C!ity of Lotiisvillu (no mortgage).
Meiiiphia & Ohio (tnort.)
7
MenipUis & Olarksvillo (mort.)... 6
7
Ccoiliiiu Bnincli (luort.)
7
Nashville & D(^cilUlr (iiiort.)
$20,000,000
850,000
3,500.000
2,270,700
1,000,000
1,900,000
190,500
1,400,000
5,010,000
391,000
5,000,000
.
$1,200,01)0
51,000
245,000
130,24 'J
70,000
And
—
;
—
—
—
;
—
:
;
—
:
_
:
Dear Sir:— Please find statement within of the capital stock
account of the New York Ontario & Western Railroad Company,
as per terms of the articles of reorganization of the New York
Oswego Midland Railroad Company. The amount of cash
paid into the treasury of the new company is as follows
On iiccount 20 per cent asaessment
$7,55G 208
&
1879=
Receipts
Expenses
Loss
Month.
$1,047,683 10
1,192,889 06
$145,203 87
.
7 months.
is.-.,232,383
80
5,704,750 70
$472,366 90
:
On accnnnt 30 per cent assessment
And a further contingent sum of
Total.
'
liSKi 3150
'
388,000
$9,760,558
Plttsbnrg City Bonds.—In August $170,000 seven pe' «««*
bonds, issued to pay for the new city hall, become due, and tfce
finance committee has sold new bonds, running thirty years
and bearing 5 per cent interest, to liquidate the old bonds.
:
—
::
THE CHRONKJLK.
124
fVoL.
XXXL
Kebraska.
Milcs^
OnlcksllTer Mining Company.—Judge Barnard, at Pough- Atchison & Nebraska— To Columbus
23
in the case Burlington & Missouri River— To Tndianola
79
keepsie N. Y., July 24. made the following decision
Company. He
Aurora to Central City, 19 Red Cloud to Spring Valley, 25. 44
'S. Hoyt against the Quicksilver JUning
of
Union Pacillo— Valparaiso to Lincoln, 22 Grand Isl'd to St. P., 20. 42
all debts, funded
Bays- "It was the duty of the directors to pay
Nevada.
stock.
and otherwise, existing at the formation of the preferred
NcTada Central (N. G.)—Battle Mountain to Austin
90
The term net earnings' in the proceedings creating the preNero
Mexico.
the company
ferred stock means no more than such earnings of
Atchison Topeka & 8 anta Fe —To Alberquorque
73
of the comBranch to Santa Fc
18
as are left after a wise administration of the affairs
the
prevent
right
to
no
have
stockholders
preferred
Ncio Jersey.
pany. The
based
settlement
West
Jersey
&
Atlantic—
Newfleld
to
Atlantic
exact
a
City
nor
to
debts,
35
company's
the
of
payment
Warwick Valley Extension
12
ipon the claim that such payment of debts was made out of
North Carolina.
juditheir moneys. When the affairs of the company would
Western
North
Carolina—
To
Gudger's
Ford
6
to
ciously permit a dividend, then the first 7 per cent must go
Cheraw & Wadesboro
15
Until such a dividend can be
the preferred stockholders.
Ohio.
le^a:
declared the preferred stock had no right to a year- Dayton & Southeastern (N. G.)—To Coalton
on Cleveland Tuscarawas Valley & Wheeling— Uhllchsvllle to oppoly settlement excluding the debts, or to a settlement
site
Wheeling
57
the basis that one should have been declared every year. More- Connotton Valley (N. G.)— To Canton
17 •
over, the course pursued by the company was acquiesced in by Mount Gilead— To Gllead
4
Yearly statements were made showing
all the stockholders.
Oregon.
both
Northern Paciflo— From Ainsworth East
20
these payments of debts, and no one objected. The stock,
Pennsylvania.
common and preferred, was bought and sold with reference to
Wurtemberg
Pittsburg
&
Western
(N.
G.)—
To
12
concerned
this manner of disposing of the funds, and all parties
Wihuingtou & Northern—Springfield to French Creek
6
are bound by it. There is no other just way. If the view of
Rhode Island.
the preferred stockholders is correct, to whom are the yearly Pawtuxet Valley— Llppel to Auburn
7
when
Sreftrred dividends to go— to the owners of the stock
South Carolina.
holders?
present
the
Barnwell & Blackville— To Blaekville
13
ividends ought to have been made or to
23
No injustice is done to the preferred stockholders in allowing as Cheraw & Salisbury— Cheraw to Bennett, N. C
as
Texas.
quite
were
They
payments
of
debts.
against them these
43
& St. Louis (N. G.) -West to Pittsburg
much interested in paying the debts as the common stockhold- Texas
21
Texas Pacific— From Fort Worthwest
It made the property of the company free and pledged Ease Line ik Red River (N. G.)— Pittsburg to Sulphur Springs
ers.
43
div30preferred
Brenham
seven
per
cent
Santa
Fe—
To
of
the"
Gulf
Colorado
&
payment
to the
Utah.
before
rendered
services
debts
paid
for
The
idend.
Extension
(N. G.)— Deseret to Milford
54
Utah
Southern
fhe formation of the present company would also be
Tirfilnia.
allowed. The directors paid them and the payments were Franklin & Pittsylvania (N. G.)- Pittsylvania to Rocky Mount
38
15
acquiesced in. The money and cash assets on hand are, there- Shenandoah Valley— From Shepherdstown
Wisconsin.
fore, the only basis of a dividend to the preferred stockholders. Milwaukee Lake Shore & Western— From Carbonate to Oahkosh.. 11
The rents should be allowed ; they were part of the earnings Wisconsin Central—Menasha to Appleton
6
10
Colby Branch
of the property of the company. The referee should have
allowed the premiums on the gold sent to California. It was
Rutland Railroad. A circular has been issued containingnecessary to get gold there to use in California, where the
works were, and the paper paid, if sent, would have failed by the following proposition for funding the debt. To meet all
other than mortgage bonds, it is proposed
BO much to pay the company's debts. The report is vague as liabilities,
First.— To exchange new 5 per cent bonds, at par, for the
to what constituted the product of the mines. If ore, it should
remaining outstanding equipment bonds, dividend, scrip
$188,599 32;
not have been allowed as cash. The depreciations in value
and interest
were properly reported. The $214,000 was not part of the Se«oit(f.— To make the following sales: $161,$161,000
00
first mortgage 6 per cent bon^s at par
000
points
capital of the company. I believe this covers all the
169,050 00
81,750 new 5 per cent bonds at bO
presented. The report is not confirmed, but has been sent back
t80,500 Addison Railroad stock (guaranteed
bonus
with
the
cent),
to
be
given
as
a
per
views."
3
10 the referee for correction in accordance with these
above bonds, at the rate of $300 stock with
$1,000 first mortgage bond and $1,750
Kailway Building in 1880.— The Chicago Railway Age has
new 5 per cent bonds.
following
Note.— The bonds and stock to be sold tothe
gether and offered to the preferred and
It is already certain that the year 1880 will be marked by an
common stockholders until September 30,
activity in the projection and construction of railways that has
1880, on the following terms 400 shares of
not been equaled in this country since the panic of 1873. It will
either preferred or common stock to receive $1 ,000 in 6 ner cent bonds, $1,750
be seen that the rails have been going down in at least twentyIn 5 per cent bonds and $500 in Addison
nine States and Territories, and up to the last date fully 1,700
330,050 CO
Railroad stock, on payment of $2,030 cash
miles have been laid.
Third.—To use the cash assets on hand July 1,
$27,795 36
1879
TBACK tAED IN PmST SIX MONTHS OF 1880.
And a portion of surplus earnings of the past
year, estimated as per last report at
Arkansas.
Miles.
21,60104
52,396 40
$70,60739
Little Rock Miss. Kiver & Texas—To Monticello and Mieawber
71
Iron Mouutain & Helena (N. G.)— To Maiiauna
6
$371,045 72
Arizona.
If the foregoing proposition is carried out, the liabilities will
B<*atliem Paclflo— From Casa Grande west
106
stand as follows
California.
$1,500,000
First mortgage 6 per cent bonds
SouUi Pacific Coast (N. G.)
1.500,000
3
New 5 per cent bonds
None.
Bills payable and floating debt
Colorado.
and
on
one
hundred
Total debt, averaging $25,000 per mile
Denver South Park & Pacific (N. G.)— To South Arkansas
17
of
road
$3,000,000
miles
twenty
Denver & Rio Grande (N. G.)—To South Arkansas
;
38
Dakota.
The annual charges will then be as follows :
Chicaso Milwaukee & St. Paul—To James River
15
$90,000
Interest on $1,500,000 6 per cent bonds
Chicago & Northwestern- From Hurou
50
72,857
Interest on $1 ,457,150 5 per cent bonds
Northern Pacific, west of Missouri Kiver
50
7,431
Dividend
3 per cent on $247,700 Addison Railroad stock
Florida.
15,000
Taxes and general expenses
Bt. John & Lake Eustis
26
Iowa.
$185,288
Total
Chicago Milwaukee & St. Paul— Fayetteu to Fort Atkinson.
38
assets belonging to the company would
unencumbered
The
Chicago Burlington & Qulney— Hastings to Macedonia
13
Burlington & Northwestern —To Washington
stand as follows
10
"'.
Dubuque & Dakota—To Tripoli
15
$42,850 00
New 5 per cent bonds
Illinois.
Addison Railroad stock (being amiyority of $500,000 issued) 252,300 00
Cairo & Vincennes—Lawrenoeville Branch
Note.— Tills road is 1560 miles in length, and has no
8
Illinois Central—Branches
bonded or floating debt.
20
„ „„
Chloaijo ifc Strawn— To Auburn Junction
30,000 00
Real estate (costing $115,925 87)
48
Cash available from earnings of the past year for dividend
Indiana.
46,006 35
on preferred stock
Indianapcitts Decatur & Springfield— To Indi.anapolis
Northwestern Grand Trunk- Comiileted near Valparaiso
15
company
will continue to receive a minimum rental of
The
KoMsas.
1258,000 from the Central Vermont, and after providing for its
Kansas City Liwrcnce & Southern— I'o Wellington
51
Fort Scott Soirtheiistern & Memphis (N. G.)—To Coalvale
interest obligations. &c., under the new arrangement as above,
3
Atchison Topeka & Santa Fe— To Howard
..".....'....
13
$185,288, will have a minimum of $72,712 for dividends on the
Cowley Branch— To Arkansas City
13
preferred stock.
" 21
Missouri Pacillc— To Ottawa.
" 45
Kansas Central (N. G.)—To Garrison
'
Wabash St. Louis & Pacific— Champaign Uarana & WestBt. Louie & bivn Francisco—To Wichita
67
ern— Cliicago & Padneah.—A despatch from Springfield, 111.,
Kentucky.
July 27, states that articles of consolidation of the Wabash St.
Comherland & Ohio—Shelbyvillc to Bloomflcld
26
Louis & Pacific and the Champaign Havana & Western RailLouisiana.
Louisiana western— East and west
roads were filed that day in the oflice of the Secretary of State,
38
Morgan's Louisiana & Texas— To VermUlionville
.....'.
18
Under these articles the stock, franchise and property of the
Minnesota.
latter road are transferred to the Wabash in exchange for
St. Paul & Duluth— Branch
12
$1,600,000 first mortgage bonds of the Wabash, secured on the
•
Michigan.
property of 'the other road. Articles of consolidation between
Detroit Lansing & Northern— Branch
8
the Wabash and the Chicago & Paducah were also filed, in
Port Hiuou lii Northwestern (N. G.) —To Carson
12
accordance with the recent sale of the latter to the former, thus
Missouri.
completing the necessary formalities of giving the Wabash
Qnlnoy Missouri & Pacific-To Greencastle
10
Osage Valley & Southern Kansas—Tipton to Versailles
entire control of both roads.
18
Wm
;
;
'
".
—
.
:
•.
n
.'.
.-
'.
'
.
.
.'.
.
1
—
:
.
JOLY
THE CHRONICLE.
31, 1880.J
125
OO TT ON.
$ht ^ommzxcml ^imes.
Fbidat. p. M., July
COMMERCIAL EPITOME.
80, 1880.
to-night, U given below.
For the week ending
thta evemng (July 8^) the total receipts
Friday Nioht^ Julj 30, 1880.
have reached 10,853
bales,
against
13
bales
148
last
week. 10,691 bales the
Trade is only moderate for the sea.son.* Tlie^ has been some
week and 14 070 bales three weeks since, making preWoua
t£e toUl
speculation for a rise in staples of agriculture, based rather on the
°? *^^ ^?' °' September, 1879 4,81*0,902 bales, ajralnst
prospects of a good demand than on any deficiency in supplies. 4[^^oLPlt/
436,156 bales for the same period of 187&-9, showing
an inlrew*
since September 1, 1879, of 454,740 bales. The
Still, the weather has been so unseasonably cool as to be undetails of thi
receipts
for
each
day
of
this
week
(as
per
comfortably suggestive of early frosts. The money market ha.s
telegraph) are as foUowa:
from the South
\
The Presidential cauvass is not disturbthe course of business.
^A%1.
Provisions have shown a decided adraliee under the heavy
speculation in Chicago, which naturally aflfects values here.
continued very easy.
Beedptt at—
Hon.
Sat.
Ttiet.
ingly
New Orleans
. .
Mobile
Charleston
Port Royal, &o.
To-day new prime mess pork was sold on the spot at $14 50,
re-inspected at $15, and family mess at $15; in the options, Savannah
August sold at $14 25, September was quoted at $14 30@14 40, Brunswick, <to.
October $1^40@14 50, and seller year at $12®$12 10, bid and Galveston
Indlanola, t&o...
askedjf Bacon was held at 7Mc. for long and 8c. for short clear. Tennessee, &o..
Cut meats have materially advanced, in sympathy with other ?'lorldn
hog products.tt Lard advanced to-day, and sold at 7'55@7*60c. Wilmington
for prime Western on spot, 7'62^c. for August, 7'72J6@7'77^c. Moreh'd City,4c
Norfolk
Olty Point, &o..
Wed.
Thurt.
IW.
ToUmL
583
184
315
1,217
321
50
75
58
75
320
105
84
711
237
640
804
42S
22
783
9
36
26
65
57
268
165
56
377
22
218
2,482
1
20
213
19
191
1,478
430
446
133
5ia
22
3,100
79
467
53 5
119
110
171
473
1,875
for September, 7-82^@7-85c7'for October, 7-62^@7-65c. for
....
203
203
November, 7-62^@7-65c. for seller year and 7-85@7"87^c. for
Totals this week 2,665
2,354 1,254
1,546
1,092
1,948
10,85»
buygr do.; refined to the Continent quoted at 8'lOc. Beef ruled
For comparison, we continue our usual table showing this
steady'at §16@$17 for extS"city India mess, and beef hams
were firm at $22 50. Butter and cheese in good demand and week's total receipts and the totals for the corresponding weeka
of the four previous years *V^
strong. The following is a comparative summary of aggregate
Receipts th is wTt at—
exports from November 1 to" July 24:
1880.* 1. 1879.
1878.1877.
1876.
1
I
:
Pork
Bacon
Lard
_...lb8.
1879-80.
55,233.400
1878-79.
55,808,800
614,457,143
262,5»0,119
lbs.625,308,116
Ib8.302,542,133
Total
Ib8.983,083,619
932,856,062
Itierease.
New
Decrease.
575,400
50,802,987
Orleans
Charleston
Port Royal,
575,400
Savannah
Galveston
1,473
250
72
37
859
326
280
541
.,«
79
31
1,875
185
106
280
371
2,503
3,671
&o
Total this
203
week
...
Total since Sept.
1.
10,859
:
;
;
;
;
;
coast
of.:»Ireland,
5s.
9d.; do. to Gottenburg, 6s.; do. to
3d.; crude petroleum to Havre or Bordeaux,
48. l)6d.; refined do. to the Baltic, 4s. 9d.; cases to the Levant,
30s.
Aarhlms,
200
....
551
240
652
156
592
•
«
76
693
12
9
2,691
5,133
4,890,902 4,436,156 4,260,090 3,958,828 4,086,728
EXPORTED TO
y^teh
ending
Oreat
July 30. Britain.
N. Orl'ns
Mobile
Charl'fn
Total
Continent.
France.
Week
1879.
2,347
2,347
Savan'h
Galv't'nt^ York
5,245
NorfolkOther'..
250
1,533
7,028
U
5,116
5,116
Tot. this
Same
this
Week.
1880.
1879.
56,002
4,493
6,657
1,924
1,971
4,271
1,135
2,994
2,671 102,112
4,934
404 21,000
1,687
1,804
93,850
1,608
14,500
1,285
68
..J<*»-
week.
12,708
'?50
1,533
14,491
5,495 197,77'; 122,093
Totslnoe
Sept. 1..
2548,912 378,275|851,663 3778,850 3384,426
•The exports this week under the head of "other norts" include, from Bal*
more, 2,383 bales to Liyerpool from Boston, 2,733 bales to Liverpool from
;
;
Philadelphia, 00 bales to Liverpool.
the foregoing statement it will be s,een that, compared
with the corresponding week of last season, there is an traeraMt
in the exports this week of 8,996 bales, while tbe stocks to-nig&t
are 75,679 bales more than they were at this time a year ago.
In addition to above exports, our telegrams to-'higlit also glT«
as the following amounts of. cotton on shipboard, not cleared, at
Il"rom
..
We
the ports named.
add also similar figures for New Tork,
which are prepared for oar special use by Messrs. Carey, Yale ft
Lambert, 60 Beaver str^t
6s."
There has been a fair business in naval stores; spirits turpen
tine, toward the close, was depres-sed by larger arrivals,
and quoted at 28>^@29c.; strained to good strained rosins, $1 40@$1 45.
Petroleum has latteriy advanced, and closed strong at 9>6c. for
refined in bbls.; shippers manifest considerable solicitude
in the
matter of covering " short " contracts. Crude certificates close
irregular and lower at 93Mc. » Metals show a general improvement, not only as regards business but also in the matter of
pnees.
1,011
for the week ending this evening reach a total of
14,491 bales, of which 13,708 were to Great Britain, 1,533 to
France and 250 to rest of the Continent, while the stocks aa
made no this evening are now 197,777 bales. Below are tha
exports for the week and stocks to-night, and a comparison with
the corresponding period of last season.
I
;
294
381
530
The exports
,
,
1,307
2
Norfolk
City Point,
Boxes.
good movement has been noted in grain accommodation. The
engagements to-day include grain to Liverpool, by steam, 9@
SMd. provisions, 35@45s. cotton, ;4@9-32d. grain to Lon•donrbjr steam,- 9M@SMd. do. to Glasgow, by steam, 9>^d.
provisions, 35@50s.; grain to Hull, by steam, 9M@9;!^d. ; do.
to Cork for orders, 53. lO^d., per vessels to arrive do. to East
,
«
^-•
3,100
.•-
Florida
demand, with an upward turn on values, closing stiff at 9%@
9%c. for standard "A" and \0%@\0%e. for hard grades. Raw
sugars in much better demand," offered moderately and carefully, and prices on the upward turn at 7?4@7%c. for fair to
good refining Cuba and 8M@8Mc. for centrifugals. The
movement in raw sugars has been as follows:
-
562
238
31
1,076
North Carolina
Molasses doing very well, but business mastly in grocery
grades; prices firm at 36c. for 50-test Cuba refining and 40@B5c.
for New Orleans. Refined sugars have found a quickening
•
500
123
262
233
387
184
^89 T
89
512
667
22
Ac
Tennessee, &o
of stock, and quite a cheerful feeling prevailing.
To-day Rio coffee was strong at 14M@15c. for fair cargoes.
Mild grades have been in leas active demand, but close quieter,
and remain firm at 19@23c. for Java and 14@18c. forMaracaibo.
Rice in good demand and stronger at 6%@7%c. for Carolina.
<H».
&c
Indlanola,
•offerings
Baas.
Melado
fitockJuly 1, 1880
9,665
989,618
6,289
Kecelpts since July 1, 1880
1,212
192,342
360
Bales since July 1 1880
Siksi
100
73,395
Stock July 28, 1880
140^SW
10.777 1,108,565
6 649
Btock July 30. 1879
90,255
28,544
673,485
4^039
There has been more done in Kentucky, tobacco, and the sales
for the week amount to 750 hhds., of which 550 for export, and
200 for home consumption. It. is said that there has been some
buying for account of regie contracts. Prices are unchanged;
lugs quoted at 4@5/^c., and leaf, 6@13e. The business in seed
leaf have also been much more active, the sales for the week
aggregating 2,275 cases, as follows: 1,400 cases 1879 crop, Pennsylvania, private terms, 14@19c.; 100 cases 1878 crop, Pennsylvania, 14@18c.; 100 cases 1879 crop,^ Wisconsin, private
terms; 400 cases 1879 crop, Ohio, private terms; 100 cases 1879
crop, New England, private terms; 50 cases 1878 crop. New
England, 12@17c.; 25 cases 1877 crop, New York, 14c., and 100
cases sundries, 9@18c. There is nothing new in Spanish
tobacco. The sales for the week are 700 bales Havana at 85c.
<5i$l 15
^
....^,.
Ocean freight room has shown further advances, and a very
446
.-
Coffees have again found a fair movement for the Brazil
:growth8, with a gradually hardening tone on prices, reduced
Hhds.
139,315
36,726
2,482 i
MobUe
10,850,973
39,952,014
Ingot copper was fairly active at 19c. for Lake.
On Shipboard,
July
30,
at—
Oreat
Britain.
New Orleans
Mobile
unarleston
Savannah
Salveston
7,381
None
Other ports
2,o66
Total
9,924
Total.
Stock.,
.6,204
tNone.
Noue.
None.
None.
Nouu.
.None.
41
None.
75
200
None.
13,626
None.
43,376
4.498
1,896
-
Not rco elved..
None.
None. ^None.
1
Learing
Coast-
None.
None.
New York
-•
Other
Foreign
None.
None.
None.
543
not cleared—for
France.
6,204
316
75
200
513
,4,071
2,451
2,606
1
16,444
79,321
.
..
:
.
THE CHRONKJLE.
1!^6
The Sales and Pbicbs op Fotores are shown by the fcJlow-*
ing comprehensive table. Iu this statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales
The following is our usual table sUowinir the movement of
mail dates
cotton at all the ports from Sept. 1 to July 23, the latest
EXPORTED SINCE SEPT.
RECEIPTS SINCE
SEPT.
1879.
1.
1
1878.
1
TO—
:
Total.
OS.
rr ^ oj ':^
H.Orlns 1181,380;1172,604 890,793 204,020 254,494 1309,207 56,802
4,817
84,189 10,143 17,355 111,687
353,136 301,980
Uobile
2,101
Char'n* 481,660 514,484 154,040 20,625 170,109 344,774
5.116
Bav'h.. 726,849 705,652 185,152 18,950 219.990 424,092
3,197
472,159 563.003 221.905 23.831 49,679 295,415
GBlv.*
K.York 213,716 147,610 466,433 36,517 92,728 595,678 105,807
56,435
....
20,141
Florida
1,051
35,487
1.177 10,447
23,863
K. Car. 103.277 135,091
8,167
8.912 256,295
1,479
Norf'k* 731,661 559,507 245,904
27,099 291,624 21,250
Other.. 296.065 217,215 263,925
00?
o>TJ SPS-
f-?e= a.
QA
0}
et
(£
5
f='"
>
as- ^
m
a o
vi
at
» O
(6 S*
ti-fo 00,15
g:
n
»
5
<5
-?.
B'ffi OD
J?
W
QD-
SP.&C
5=^rcH
CD
S' 3. £.==
^'h- CI"
"«<
9
§.§:
p-S
a
'
III
n
P.-
a..
s
I
2536,204 376,742 851,413'3764,359 208,308
Thlsyr. 4880,043
.
Stock.
Olhtr
France, Foreign
aveal
Britain.
[Vol, XXXI.
'
t
1
1
4433,6o3'20i6,7C6'414,074:918,09l'3373,931 133,141
Is included Port Royal, Ac; under the head of
Salveslon is Inoluled Indlanola. *o.i under the head of Sorfolk is included CitT
La«t ye ar
•
Under the head of Charleston
oint. &o.
The market recovered in a measure from the depression of the
previous week, and at times there was a superfic al inclination to
buoyancy. Speculation in futures has been confined largely to
August and the early Fall options. The stimulating influences
iave been almost entirely local, and the return of pret'y nearly
all the principal operators has resulted in a more powerful
manipulation of the position. With the exception of some rather
doubtful worm reports, the crop advices on the Exchange were
much the same as during the week before, and the prospects
for consumption, the statistical position and the foreign markets
gave nothing of a positively assuring character. But the bears
withdrew the previous pressure, and tlieir opponents succeeded
in imparting sufficient fright to start comparatively general covering. Saturday's market made a gain of 4@0 points, closing
Monday was quite unsettled, the most
"weak and irregular.
noticeable change being iu the widening out of the cof>t of August
five points additional, as compared with September, while all
other options underwent no change. On Tuesday a weak spot
•was developed, which led to a raid, and some 10@11 points were
But on Wednesday, Liverpool having failed to give way
lost.
and a liberal offering of iugust "short notices" quickly disappearing, there was a reaction; and the demand becoming quite
brisk yesterday, from operators anxious to cover, prices improved
«ome 15@18 points from the lowest figures reached. To-day the
"bulling" of August continued, with another three points gained;
but the later options were slow, and scarcely changed in value.
Spots have been dull and the tendency downward. Quotations
were reduced l-16c. on Monday and again on Wednesday, without attracting additional attention to the supply. To-day the
market closes quiet at 11 9-16c. for middling uplands.
The total sales for forward delivery for the week are 399,900
bales, including
free on board.
For immediate delivery the
total sales foot up this week 3.080 bales, including 961 for
in
export, 1,831 for consumption, 238 for speculation, and
transit. Of the above,
bales were to arrive.
The following
are the official quotations and sales for each day of the past
July 24 to
July 30.
Ordin'y.^lb
Strict Ord..
Good Ord..
85
81^16
8I4
S3l
913,,
8 '4
NEW
ORLEANS.
Hon Tae»
Sat.
9%
8%
9%
G'd Ord 105i6 10 >4
Ijow Midd'g nii6 11
IOI4
11
8510
8l5i6 8 '8
9IS16 9 '8
lO'lB 10%
113,0 Ills
Btr.L'wMM
11%
11%
llS'lO
Kiddlin^... ll^ie 11=8
Good Mid .. 123i8 1218
11=8
1218
1113l6
125i6
129i6
131,0
Btr.
Btr. G'd Mid 127j6 12%
Uldd'g FaU 121»l< 12'8
12''8
Fair
13H!
I39in
VTeA
Ordin'y.^B)
Strict Ord.
Good
Btr.
Ord..
G'd Ord
low Midd'g
Btr.L'wMld
Middling...
Good Mid..
G'd Mid
IQdd'gFair
Btr.
rail.:...
83l6
8II16
12%
1319
Til.
!
121-j
13
1358
Wed Tb.
Frl.
83
8II16
-.
83,6
Siiia
9-1116 91I16I UII16
103,6 103,6 103,6
1015,6 1015,6' 1015,6
115,6 116,6 1116,6
119,6 119l6 |ll»18
121,6 12:18 1121,6
125,0 125,6 il25,„
1213,6 12l:i,6l21:>i6
137,6 13'16 '137,6
STAINED.
Good Ordinary
Good Ordinary
1112
11 3j
I2I4
$
Low
Middling
Middling
10»9
SALE.9
1358
acoj
IS-
00
778
83i
107,6
107,6
8%
9%
OF SPOT
0%
o
..
,
CO
Ops
00
00
,P2
00
00
00
00
01 01
610,
CJ-lli
l^CJ,
0,0,
^^01
28
99
aco
00
S
00
CO
998
OCD
00
00
CJtCJ,
cite,
998
'
8I»
MN-CD
"=?l'
M
*-co
CO
®-^
098
998
*-co
coco
ccc,
CO
00
lb CO
CO 03
©-2
I
y'i'r
00
00
e-
00
Odd CO
S
998
lico
tew
998
00?
i-oc;,
ccx
Q-:
I
01 0"
COCO
I
ooS
00
1
COI^
CO
.l®>
998
998
9=
998
co<y
IR-O
QJ-
ib.C3
00
00
00
99
CJ,!^
aoco_
1
CJ,|^
0,0
6)-^
998
99S
CJiO'
01-'
lli«
Ills
ll«i
1214
I212
llig
III2
CJOO
00
00
So
00
*^o
0|
098
Old
998
11%
I214
I212
li
1358
I
I
I
I
I
1
to_
gio
Frl.
Tk.
Fri.
7l3i,
713,6
811,6
95,6
96,6
qog
QD
CD
|o8
00
10%
00
UOOD
rcc5
CJ1C»„
8 '8
9'8
811,6
95,6
ccco
00
l.«i
10%
10%
00
coo;^
10%
SAIiKB.
AST> TRANSIT.
I
98
63,6
77e
00
o<iJ
S's
9^8
Wed
I?i
CD CO..
10%
Th.
®5
I
cocc
81»i6
9i5ia
13
1358
IS)-:;
OS
10716
113,6
119,6
lliSie
125,6
129i6
13iie
ISiije
Frl. Xfed
nion rues
MAHKBT AND
SPOT MARKET
CLOSED.
13
«i4
83,6
83,6
§ J8
3.8,6 813l6 8IS1B
8iai6 813,6
913,6 9I3i6 913,6 91»i« 9i3io 913,6
10°ie 105,6 105i„ 10»16 10"16 105,6
ll'is lUie lUlo IH16 11116 "lie
ll'^io U'ls 117 J8 ll'',6 117,6
Illll6lllll6 1111,6 lliiio 1111,6
""-''"•'
123,6 123,6 123i6
123i6 123,6 123i6
127,0 12127,6 127,6 127,6 127,6
121516 1215i6 12I5,6'l215i6 1216,6 1215i6
139i6 1139,6 l.S9,6 139,6 139,6 139,6
7I5jo
813,6
97io
1
ills
Ilia
113l
I214
12I2
a->io
.
Sat.
Striot
9''8
10%
Taeii
M
*-C0,
I
8I4
CO 03
CCCD
cite
mon.
.
?'
^ii%
coco
TEXAS.
Sat.
coca
osot
week:
UPLANDS.
Sat. men Toes
KCO
cots
CO
00
CJDC5
oco
®(K
I
CO
ll^CO
I
So,
H'l-'O
I
CSffiO
t
'T'r<i
CO coo
*»~iO
^
g-5
I
Mh-O
ibi^O
*
too,
^:
I
:
CO
09
COl^
C'lO
tf^CO
I
®o,
:'^r-co
I^COO
oc;io
Includes 100 for April at 10-77.
Xliis total also includes sales in—
Bales.
Sept.-Feb., for Pel>
2,437,000
/ 59,000
1,489,100 Sept.-Marcti, for MarcU.. 3.730,200
2,875.400
1,002,600 Sepr.-Aprll, for April
Sept.-Nov., for Nov
3,473,700
1,688,100 Sept. -May, for May
Sept.-Dec, for Deo
3.3 )0,300
3,680,400 Sept.-Juue, for Juue
Sept.-Jan., for Jan
11-40;
11-40;
Tuesday,
Monda.y,
Transferable Orders— Saturday
11-30; Wednesday, 11-35; Tliursday, 11-45; Friday, 11-50.
The following exchanges have been made during the week
04 pd. to excli. 200 Aug. for July.
100 July for July, s. n.
-10 pd. to excli. 400 Dec. for Oct.
•45 pd. to excli. 100 Sept. for Aug.
.41 pd. to excli. 200 Sept. for Aug.
The Visible Supply op Cotton, as made up by cable and
The CJontinental stocks are the figures
telegraph, is as follows.
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week's returns, and consequently
Sept
8ept.-Oct.,forOct
Sept., 1879, for
:
Kx
I
port.',
Con-
Spec Tranr
sump. iirVn sit. Total.
Sales.
Deliveries.
I
|
Bat
Dull
Men (.JiUpt iit 'ledcc.
Tues I.>ull and eaRier.
Wed Quiet at iic;(lcc..
Than Quiet and steady
111
16
100
238
Frl.. Quiet, steiuly...
200
301
310
401
360
345
Total
9t;l
1,831
The
0U8
195
241
300i
22'
78
127 58,600
599 56,900
632 78.900
44
382
589
701
74,700
80,600
50,200
1,500
3.030 339,900
4,000
daily deliveries givcu above are actually delivered
ou wbicli taey are reuorted.
to tiial
400
300
500
800
500
tlie
day pre
'
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (July 30), we add the item of
it the exports of
exports from the United States, injluding
Friday only.
m
July
1
.
.
:
THE CHllONKJLE.
81, 1880. J
Btockat Liverpool
Stock at tioadon
balea
1880.
1879.
1878.
1877.
74.').000
528,000
43,060
617.000
15,250
937,000
36,500
671.060
107,0)0
2.000
27,100
4,000
21.300
32,100
632.250
973,1500
217,2.50
58,300
Total Great Britain (tsok
Btockat Havre
Stock at MiirsclUes
Stock at Barcelona
Stock at Hambiirit
Stock at Bremen
Stock at Anmterdam....
Stock at Rotterdam
Stock at Antwerp
Stock at other contt'otal ports.
803,300
71,300
7,830
59,100
2.900
39.600
17.100
2,710
1.320
24,800
^
Total continental ports.
.
168,2.^0
6.500
61.000
16.500
73.230
45.000
10.750
6,500
5,000
32,000
7.000
39.500
47.500
9.000
6,500
19,000
220,660
200,600
333,750
454.500
Total European stocks.. ..1,029,960
India cotton atloat for Europe. 185,000
Anier'n cotton attoat for Eur'pe 104,000
771.660
320,000
45,000
8,000
122,003
7,127
966,000 1,423,000
232.000
305.000
55,000
89.000
7,000
21.000
82,978
163,420
5,642
12,503
100
Egypt.BraziUAcafltforE'r'pe
Stock lu United States ports ..
Stock in U. 8. interior ports..
United Stftes exports to-day..
500
100
17,000
197,777
26,388
1,000
1,000
7,7.=i0
13.500
Wtek
•'
81..
Liverpool stock
Continental stocks
June
4.,
387,000
151,000
45,000
122.098
7,127
493,000
287,000
55,000
82,978
1,000
100
954,165
713,225
923,720 1,252.923
KKypI, Brazil, Ac, alloat
240,000
58,300
106,660
185,000
17,000
141.000
43.060
49,600
320,000
8,000
124,000
15,250
46.730
232,000
7,000
Total East India,
Total American
606,900
954,165
361,660
561,660
713,225
425,000
766 000
923,720 1,252,923
American
atloat for Europe. . .
United States 8to(?_
oA
United States interior stocks..
United States exports to-day..
.
Total American
Eatt I>utian, BrcuU, <te.—
Liverpool stock
London stock
Oontiuental stocks
India afloat for Europe
&0
Total visible supply
Frloe Mid, Upl., Liverpool
5,612
613,000
375.000
89,000
163,420
12,503
324.000
36.500
79,500
305.000
21,000
1,561,123 1,274.885 1.348.720 2,018,923
T.
OiSjad.
....
6^d.
6'9d.
6181.
The above
figures indicate an increase in the cotton in sight tonight of 386,210 bales as compared with the same date of
1879,
an increase of 213,405 bales as compared with the corresponding
date of 1878. and a d«<;r«a«« of 4.57,798 bales as compared with
1877.
In the preceding visible supply table we have heretofore
only
included the interior stocks at the 7 original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison in any
other way
That difficulty no longer exists, and we therefore make the following comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only
old 7 towns.
We shall continue this double statement forthea
time but finally shall simply substitute the 19 towns
for the 7
towns in the preceding table.
Jimertcan—
1880
1879.
1878.
1377
Liverpool stock
Continental stocks
505,000
120.000
101,000
197,777
49,03
bales
,000
337,000
151,000
li.OOO
122,093
13,966
1,000
493,000
237,000
53,000
82,978
11,005
100
977,408
720,061
929,083 1,262,892
240000
Egypt, Brazil, &o., afloat
58,300
106,660
185 000
17,000
141,000
43,060
49,600
320,000
8,000
232,000
7,000
Total East India,
Total American
606,960
977,408
561,660
720,064
435.000
766,000
929,083 1,262,892
American
afloat to
Europe
United States stock
United States interior stocks.
United States exports to-day.
Total American
Edit Indian, Brasil, <te.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
.
1
.
—
&o
1
613,000
375,000
89,000
163,420
22,472
24,000
15,250
321,000
46,7.>0
79,500
305,000
21,000
3ij,500
Total visible supply
1,584,368 1,281,724 1,334,083 2,028,892
Indicate aainerease in the cotton in sight to-niffht
.Inf^^®-^^,'"',®^
of dOJ,644 bales as compared with the same
date of 1879 an
o' 23;),28.5 bales as compared with the corresponding
date
*^^iVJ
1878, and a decrease of 444,534 bales as compared with
1877.
W
At the Interior Ports
the
movement— that
the receipts
and shipments for the week, and stocks to-night,
and for the
corresponding week of 1879-18 set out in detail
in the foUowing
Week ending July 30,
Rtceipts, Shipm'ts
Augusta, Ga..
171
Columbus, Oa
Macon, Ga
Montgomery, Ala
Solma, Ala
Memphis, Tenn..
44
3
61
36
541
638
1, '79.
Stock.
91
96
315
35
1,841
25
22
"98
23
100
14
1,037
835
283
182
1,068
4.117
26,388
234
535
7,127
226
203
53
30
361
34
90
3
10
20
47
3
10
60
335
167
117
1.000
14
129
25
487
150
321
Total, old ports.
Dallas, Texas . ..
Jeflerson, Tex*.,
flhreveport. La
15
127
83
Vicksburg, Miss..
12
120
75
1
.
.'.
Atlanta, Ga
Borne, Ga. ...
Charlotte, N. C.
8t. Louts, Mo.
Cincinnati, O..
ibo
56
100
122
432
261
1
593
7,574
1,200
40
147
136
44
9,193
101
198
23
574
142
7
1,900
996
15
12
372
549
750
3,761
1,121
2,403
6,335
23,243
478
1,305
6,839
10.302
year's figures estimated.
49.631
712
1.890
13,966
new p'rtsl
Total, all
Tills
4,170
2,661
1,244
2,077
Receipts. Shipm'ls
12,493
3,105
212
Total,
i07
9
2,569
Stock.
Week ending Aug.
722
Nashville, Tenn..
Columbus, Mlas
Eufaula, Ala
Otimn, Ga...
532
178
'80,
is
The above
3,171
totala
show
2,!)29
3,472
1,914
that the old interior stocks have de
BeceipU at
the Port.:
1878.
t87».
80,067
19,733
18,330
19.897
16.6i3
17,113
11,039
11.,
13,3S0
11,331
••
18..
10,781
••
88..
6.878
9,B48
7,188
6,393
3,637
3,033
3.809
•'
Juir
3
Stock at Intrrior Port* liec'pttfrom
Planfn$.
1880.
1878.
1879 .
1880.
1878.
1879.
1880.
I
Majr
Amcnean —
•
U
Total visible supply
1,561,125 1,271,885 1,348,720 2.018.923
„,
Of tne above, the totals of American and other descriptions are as Coliows'
505,000
120,000
lOlioOO
197,7';
777
26,388
1,000
127
ereowdduring the week 8,0i9 bales, ud are to-nlaUl
'lO 261 bales
more than at the «une period la.st year. The recefpte
at the Hame
towns have been 831 bales more than the same
week hist fe%r
RKCBIPT8 FROM THB PLANTATIGXS.-The
following Ubie is
prepared for the purpose of indicating the actual
movement etch
week from the plantations. Receipts at the outports
are some
imes misleading as they are maie up more
lirgely one year
than another, at the expense of the interior
stocks
We reach
herefore a safer conclusion through a
comparative statement
.ke he following.
In reply to frequent inquiries we
will add
that these figures, of course, do not include
overland receipts or
Southern consumption; they are simply a sUtement
of the
weekly movement from the plantations, of that
part of the crop
which finally reaches the market through the out jwrts
BBCKIITS FHOM PLANTATIONS.
.
6,613
••
»..
••
16..
5.387
a.7i«
"
83..
4.086
3.2731
'
SO..
3.8*1
3,503l
34.636 ae.433
36,S14 40,309
23,764 39,035
33,674 34,154
18,580 39,319
19,870 28,387
23,51
21,340
17,057 19,675
14,070 18,033
10,691 19,494
13,148 12,937
IO..S59I 11,005
59.349 176,157
10,760
7,600
,455
9,604
8,893
43 198 143.241
37,570 130,635
32.439 119,038
29,306 96.190
33.323 81.173
33.38S 79.103
30,691 71,950
15,938 66,1US
14,410 96,66:>
13.966 49,631
10.940
7,882
6,5M
7,500
6,461
11,063
8,«8S
l,0tt
8,4»8
10,968
10.917
51,).>»
till
6,392
1,171
4,1
4.832
4,069
8,810
4.384
803
3,645
1,843
1,119
8,149
8,164
8.039
U.I3S
113U
4,»3»
3,618
3,828
The above statement shows1. That the total receipts from the plantations since Sept
1 in
1879-80 were 4.933,232 bales; in 1878-7K were 4,416,834 baJes' in
1S77-78 were 4,354,61:3 bales.
2. That, although the receipts at the out ports the past
week
were 10,859 bales, the actual movement from plantations was
only 3,828 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 2,059 bales, and for 1878 they were 2,149 bales.
We.^ther Rbports by Tklkoraph,— There has been more
rain than desirable in some sections the past week, and in others
it has been too cold for best development
yet the crop Is
;
generally in very good and promising co.idition. The reports
with regard to caterpillars at a few points are more pronounced,
but no considerable harm has been done up to this time, and
little is likely to be done if the weather turns hot and dry.
Galveston, Texas.
have had showers during the past week
on four days, the rainfall reaching one inch and twenty-two
hundredths. The thermometer has averaged 83, the highest
being 88 and the lowest 69. The crop is developing promisingly,
but picking has been interfered with by the rain. There has
been rain throughout the State during the week, and in the
northwestern portion it has probiblr been too heavy, but no
serious damage has been done, as, with the exception of the
— We
coast district,
moit sections were needing
it.
There have been
only seven bales of new cotton received the past week. The
wet weather retards both opening and picking. At this time
last year the crop was being forced by drought.
In the coast
distiict, anticipating caterpillars after these rains, there are
active preparations being made for poisoning.
tndianoia, Texas.
There have been showers here on four days,
with a rainfall of one inch and forty-six hundredths. The thermometer has ranged from 69 to 89, averaging 79. No great
injury has been inflipted, but there is much apprehension about
worms hereafter. The crop is unque^tionably good at present.
Uorgieana, Texas. It has rained on four days of the week,
heavily but not excessively, as we were needing it. All crops are
doing as well as possible. The thermometer nas averaged 77,
ranging from 68 to 95. The rainfall for the week is two inches
and seventy-five hundredths.
Dallas, Texas.
have had delightful showers on three days
of the week, apparently extending over a wide surface. The
crop is developing promisingly, and the probability is that there
will be more cotton than can be picked.
Average thermometer
77, highest 95 and lowest 63,
The rainfall has reached one inch
and eighty-five hundredths.
Brenham, Texas.
have had warm, sultry, wet weather,
with rain on every day, the past week, harder than desired; but
it is thought that no serious damage has b en done.
Dry
weather, however, is wanted for a while, as the wet weather increases the apprehensions of caterpillars.
The cotton plant
looks strong and healthy.
Average thermometer 80, highest 94
and lowest 64. The rainfall is five inches.
New Orleans, Louisiana. Rain has fallen during the past
week on five days, to a depth of three inches and nineteen hundredths. The thermometer has averaged 79.
Shreveport, Louisiana.
The weather the first four days of the
week was fair and unusually cool, but during the last three days
the unusually large amount of six inches and sixteen hundredths
of rain has fallen, doing a great deal of damage to the cotton
crop.
The roads will be in a bad condition for several days.
Average thermometer 75, highest 85, lowest 66.
Viekslnirg, Missitnppi.—K&ia has fallen during the past week
on three days.
Columbus, Mississippi.
are having too much rain. It haa
rained daring the week just closed on two days, the rainfall
reaching one inch and fifty-two hundredths. The thermometer
has averaged 82, with a range of from 77 to 87. There waa a
severe hail-storm near Crawford, Miss., during the week.
LiUle Rock, Arkansas. Telegram not received.
Nashville, Tennessee.
The days have been warm, but tho
nights have been cold during the past week. There has bee*. \
—
—
— We
— We
—
—
— We
—
—
.
.
.
THE (CHRONICLE.
128
The thermometer has averaged 75, the highest
rainfall.
being 89 and the lowest 69.
.,
, „
,
iUmphit, TtnuessM.—There has been no rainfall during the
excesof
complaint
week and, with the exception of.some slight
finely. The
sive growth in river bottoms, the crop is progressing
thermometer has averaged 79, the extreme range having been
no
.
.
[Vol.
XXXI.
This statement shows that up to June 30 the receipts at the
ports this year were 415,579 bales more than in 1878-79 and
By adding
599,082 bales more than at the same time in 1877-78.
to the totals to June 30 the daily receipts since that time
we shall be able to reach an exact comparison of the movement for the different years.
the past
1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75.
Mobile, Alabama.— It has been showery 6ve days of
week, the rainfall aggregating seventy-six hundredths of an Tot. Jn.30 4,837,328 4,421,749 4,238,246 3,939,755 4,056,100 3,456,872
Crop accounts are less favorable. Although caterpillars Julyl....
inch.
343
1,904
918
S.
1,073
486
have done no great damage yet, much is feared. We are having
" 2....
2,902
271
1.541
8.
543
97(1
The
finely.
developing
crop
is
the
otherwise
rain;
much
too
" 3....
1,519
1,521
1,176
2.518
650
1,864
thermometer has ranged from 70 to 92, averaging 78.
" 4....
629
8.
761
848
1,009
S.
Montgomery, Alabama.— We have had warm, sultry, wet
" 6....
414
2,624
663
1,163
367
2,067
weather during the week, rain having fallen on six days, to a
" 6....
1,530
8.
914
961
780
840
depth of one inch and sixty-nine hundredths. Average thermo••
7....
1,764
1,112
656
8.
849
l.lS'i
meter 78, highest 93 and lowest 69. Caterpillars have inflicted
" 8....
2.068
334
930
S.
452
3,045
BO serious damage yet, but are increasing rapidly, and poisons
" 9....
563
4,563
1,013
815
8.
670
are being freelv used. The rainfall for the month of July is three
" 10....
322
2,232
798
798
872
1,128
and seventeen hundredths inches.
" 11....
B.
287
674
634
694
8.
ijelma, Alabama.— Ra-in has fallen during the week on five
" 12....
399
1,874
479
465
1,034
1,485
days. The days have been warm, but the nights have been
" 13....
6-29
8.
346
983
726
439
are having too much rain. Although caterpillars
cold.
" 14....
409
2,187
8.
1,282
758
1,205
have done no considerable damage as yet, much is feared and
" 15....
206
834
978
783
S.
325
poisoning is becoming general.
" 16....
255
563
364
8.
2,632
653
Madison, Honda. Telegram not received.
" 17....
158
1,468
1,106
793
572
237
Macon, Oeorgia.—Theie has been rain (showers) at this point
good.
much
"
do
1,382
1,247
S.
613
839
8.
18....
on two days during the week, but not enough to
has
thermometer
"
380
2,502
633
415
1,094
489
19....
The balance of the week has been cloudy. The
60.
"
lowest
8.
567
1,531
477
996
32ft
20....
averaged 79, the highest being 100 and the
on
week
past
rained
during
the
512
" 21....
8.
1,490
239
1,338
614
Columims, Georgia.— \i has
hunfifty-four
and
reaching
one
inch
« 22....
521
772
874
2,897
8.
703
three days, the rainfall
averaging
80.
to
has
ranged
from
70
thermometer
89,
406
« 23....
8.
3,322
489
572
545
dredths. The
" 24....
334
711
603
Savannah, Georgia. It has rained every day the past week,
2,665
1,795
301
The
inches.
hundredths
and
thirty
four
reaching
" 25....
1,089
915
the rainfall
8.
508
621
8.
thermometer has averaged 78, the highest being 91 and the
" 26....
289
906
2,354
1,129
314
354
lowest 70.
" 27....
8.
694
447
249
1,254
157
Augusta, Georgia. We have had heavy and general rains on
501
" 28....
B.
1,546
201
1,267
458
four days, the rainfall reaching two Inches and twenty hun" 29 ...
502
630
8.
482
1,092
541
dredths; but the weather the rest of the week has been pleasant.
" 30....
486
638
549
5851,948
8,
The thermometer has ranged from 69 to 92, averaging 79.
14,890,902 4,435,559 4,238,006 3,956,882 4,084,216 3,473,648
Total
Accounts flattering, and crop developing promisingly.
Charleston, South Carolina.— li has rained slightly on three Peroentage of total
99-73
97-98
97-99
97-45
99-33
days of the week, the rainfall reaching eighty-eight hundredths p'rtreo'Dts July 30.
of an inch. Average thermometer 80, highest 90 and lowest 72.
This statement shows that the receipts since Sept, 1 up to
The following statement we have also received by telegraph, to-night are now 455,343 bales more than they were to the same
showing the height of the rivers at the points named at 3 o'clock day of the month in 1879 and 632,896 bales more than they
July 29, 1880, and July 31, 1879.
were to the same day of the month in 1878. We add to the last
July 29, '80. Julv 31, '79.
table the percentages of total port receipts which had been
fteL Inch.
Ftet. Inch.
6
7
11
5
received to July 30 in each of the years named.
Below high-water mark ..
JTew Orleans
11
11
Above low-water mark... 14
ItemptilB
Ports. The figures
India Cotton Movement from
mark...
2
6
Above
low.water
2
2
Mashvllle
3
which are now collected for us, and forwarded by cable each
Above low-water mark... 16
Bhreveport
10
low-water
mark...
27
3
13
Above
Tloksbure
Friday, of the shipments from Calcutta, Madras, Tuticorin. CarNew Orleans reported below high-water mark of 1871 until war, Ac, enable us, in connection with our previously-received
Bept. 9, 1874, when the zero of gauge was changed to high-water report from Bombay, to furnish our readers with a full and
mark of April 15 and 16, 1874, which is 6-lOths of a foot above complete India movement for each week. We first give the
1871. or 16 feet above low-water mark at that point.
Bombay statement for the week and year, bringing the figures
New Georgia Cotton. The first" bale of new crop Georgia down to July 29.
cotton (the arrival of which at Savannah we reported last week)
BOMBAY BECEIPTS AND SHIPMEITTS FOR FOUR TEARS.
was received in this city Saturday, July 24th, by George COpeReceipts.
Shipments this week. Shipments since Jan. 1.
land & Co., and sold in front of the Cotton Exchange to B. J.
Gardiner, for thirteen cents per pound. The bale weighed 363 Tear Oreat OontirContiThis
Sinte
QreAtt
Total.
Total. Britain nent.
pounds, ranked as low middling, and was raised in Baker
Week.
Jan. 1.
Brit'n. nent
County, Ga.
»
2,000 346.000 462,000 HOS.OOO 8,000 1,038,000
2,000
Baggiog has become quite 1880
Gunny Bags, Baoqino, &c.
3,000 240.000 305,000 .'i45,000 4.000 763,000
1879 3,000
active, and some considerable transactions have been made. 1878 2,000 7,000 9,000 286,000 384.000
070,000 2,000
839.000
The sales will aggregate about 3,000 rolls, with further in- 1877 1,000 1,000 2,000371,000 399,000 770,000 2,000 986,000
quiries in market. Prices have stiffened up under the effect of
According to the foregoing, Bombay appears to show an increaae
tne increased activity, and holders are firmer and some are
quoting higher figures ; 1/4 lb. is now held at 10@10^c., 2 lb. at compared with last year in the week's receipts of 4,000 bales and
10%@llc., and 2% lb. at ll^c. Butts continue quiet, but a decrease in shipments of 1,000 bales, and the shipments since
The movement at
of 263,000 bales.
there is rather more inquiry. Dealers are very firm as to price January 1 show an decrease
and will not accept less than full figures, which are 2%@3 /^c, Calcutta, Madras, Tuticorin, Carwar, &c. for the same week and
according to quality. At the close we hear that some 2,000 years has been as follows.
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
bales have been taken at our figures.
'
We
—
—
—
—
Al
—
—
,
Comparative Port Rbckipts and Daily Crop Movembht.—
A comparison of the port movement by weeks is not accurate,
M the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since Sept. 1 has been as follows:
Tear lieginning September
Monthly
Heceijita.
1879.
Bept'mb'r
October.
Bovemb'r
Decemb'r
January
.
February.
Uarcli. ..
Affril....
May
Jane.
333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025
110,000
88,455
1878.
288,848
689,264
779,237
893,664
618,727
566,824
303,955
167,459
84,299
29,472
1877.
96,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
42,142
1876.
1.
1875,
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
36,030
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
42,334
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
56,010
lot Jn. 30 4,837,328 4,421,749 4,238,246 3,939,755 4,056,109 3,456,872
Pero'tage of tot. port
t
leoeintfl .Tniin
i
30
99-42
97-52
97-56
I
I
96-73
98-85
Shipments
Year.
Great
Britain.
4,000
10,000
3,000
1880
1879
1878
1877
Shipments since January
this tceek.
Continent.
Total.
5',6o6
4,000
15,000
3,000
Oreat
Britain.
Continent.
195,000
188,000
80,000
77,000
76,000
114,000
40,000
45,000
1.
Total.
271,000
302,000
126,000
122,000
The above totals for this week show that the movement from
the ports other than Bombay is 11,000 bales less than same week
For the whole of India, therefore, the total
of last year.
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
as follows.
EXPORTS TO EDROPE FROM ALL
Shipments
Europe
to alt
from—
Bombay
All other p'rta
Total
INDIA.
1878.
1879.
1880.
This
week.
Jan.
808,000
271,000
3,000
15,000
545,000
302,000
9,000
3,000
770,000
126,000
6,000 1,079,000
18,000
847,000
12,000
896,000
2,000
4,000
Since
1.
This
week.
Since
Since
Jan. 1.
This
week.
Jan.
1.
This last statement affords a very interesting comparison of the
total movement for the week ending July 29, and for the three
years
up
to date, at
aU India
ports.
—
..
.
JuLT
.
.
THE (3HR0NJCLE.
1880]
31,
Alexandria Rrceipts and Siiipmrnts.—Tlirough arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments the past week and for the corresponding weeks of the previous two years.
Alexandria, Egypt,
July
per ship Swallow, 2,928
.
Texas-To Liverpool, per brig Oromocto, 1,614
,.,..
Baltimobe— To Llvcn)oul, per steamer Uracla. 750
„„.....
To Bremen, per steamer Ohio, 1,331
Boston—To LiveriKKil, per steamers Pembroke, 328...Jterar>
944
ian,
Samaria, 225
Philauelphia— To
Bohemian, 868
2,000
2,769,000
1,000
1,666,000
week
3,20-i',6b6
Since Sept. 1
Since
This
week. Sept. 1.
Since
Thin
week. Sept. 1.
This
Since
week. Sept. 1.
201.280
175,470
300 170.700
200 70,600
2,000 238.000
163,000
166,750
500 2.i0,300
2,000 406,000
"to Liverpool
ToContiuent
Total Europe
A cantar is
98
lbs.
This statement shows that the receiots for the week ending
cantars and the sliipments to all Europe
July 29 were
were
bales.
Manchester Market. —Our
report received from Manchester
states that the market for yarns is dull and for shirtings
give the prices of to-day below, and leave preis steady.
vious weeks' prices for comparison.
July 30
We
19.8S2
particulars of these Bhipments, arranged in our nsaal
form, are as follows:
8I4 lis.
Shirtings.
32« Cop.
Twist.
d.
A.
May
28 9i3®10M
June 4 9»a®10M
" 11 913310146
" 18 9l3®10>4 "
" 25 9 ® 9%
July 2 9 ® 9%
'•
9 914^10
" 16 914310
23| 93931014
d.
8.
71337
7»«37
71337
71337
4I337
41337
7i«37
71337
7I337
71337
30! 9383ilOl4
Colt'H
3lid.
Uplds
Twist.
A.
A.
A.
611,6
658
613,6
613,6
91839%
91439%
91439%
91939%
6
6
6%
8''e3i)5g
713
7"
9
9
d
5 101337 IOI3
6
38
5 IOI337 IOI3
9 ®7 9
71337 6
71337 6
6 37 6
6 ®7 6
s.
7I2
713
71s
7I3
684
613,6 8%®939
678
8593914
613,6 8I33918
613,6 8%39l4
The Expouts op Cotton from New York
d.
8.
4I337 4I3
II337 413
this
Mid.
Uplds
A.
613,8
7
July
July
July
7.
14.
21.
28.
9,077
6,311
Other British ports.
7
6''8
(i-'e
b~8
613,6
6»16
6I3
Total to period
previous
date.
year.
7,214' 5,245 443,173 250,649
J 28,500 10,593
Total to Great Britain 9,077 6,311 7,214 5,245 471,678 261,242
336 1,660 2,213
Other French ports.
1,533
38,050
14,402
2,213, 1,533
38,050
14,502
250 37,771
19,055
25,698
15,833
2,202
2,835
82,524
20,870
7,043
3,406
5,610
10,454
5,610
100
.
Total French
Havre.
1,533
336
1,660
,
115
80
495
796
1,453
Other ports
Total TO North. Europe 1,648
Spain, Op'rto, aibralt'r,&c
All other
1,416
Total Spain, &e
1,416
Grand Total
12,477
495
796
370
250
...
370i
8,466 10.593
7.028
1, 1879.
Baltimore.
Reccifits
from —
This
Since
week. \Sept. 1
\
N. Orl'ans
1,5.">0
Texas
Savannah
51
Mobile
Florida
S.Car'Uua
This
Since
This
Since
week. Sept. 1. week. Sept.l.
200.605
23,515
2,969
38,379
Ml 1,927
185 181,672
This
Since
week. Sept. 1.
N.Car'lina
Virginia..
North, pts
Toun., io.
5,666
1,818 115,301
42.144
406:204.749
65
"ibo 13,309
I
I
535
54,674
510'152,985
815 156,017
6,0.59
311214,027
Foreign
6|
i,256
10,610
81,732
792
468 63,841
Do
8ail...<f.
Havre, steam
Do
Last year
*
5,002 900,5901 2,291 363,695
490 87,803
08 89.4091
1,916 190,421
Fri.
816
9l6
»1.
»16
»I«
I3
Ifl
I3
la
la
.«.
ifl
la
la
"a
H
la
sail
',6® 1*32 7,631532 7,8® 1532 7,831533 71831533 7,83l»M
e.
Hamburg, steaid.d.
Do
Do
7,8® I3
7jg3l3
®16
*16
»16
9)8
I3
I3
Do
I3
sail
I3
"32338
d.
II32331
c.
Liverpool.
la
7,9313
sail... (7.
steam
I3
>3
',6313
Amst'd'm, stcam.c.
Baltic,
I3
la
saU...(2.
''l8«'«
»1»
9l6
I3
>a
ll.<)o®38
1132®%
he
*16
*16
>a
7,8*13
1132336 1132339
=^16
— By cable from Liverpool, we have
»i«
the foUoiving
statement of the week's sales, stocks, &e., at that port:
July
Sales of the week
Sales Americau
Of which exporters took
Of which speculators took..
Actual expo*
Forwai'ded
Total stock— Estimated
Of which American- Estim'd
Total import of the week
Of which American
Amount
atloat
9.
July 16.
July 23.
47,500
35,500
4,700
56,000
40,000
1,470
6,100
19,500
755,000
501,000
53.000
32,500
262,000
116.000
3,100
5,500
12,000
717,00C
473,000
27.00C
19,500
263,000
124,000
bales.
47,000
33,000
5,400
2,200
6.500
5,500
702,000
5,60(?
46:^,000
35,500
24,000
239,000
117,000
July 30.
39,000
31,000
2,600
780
8,900
9,300
745,000
505,000
97,000
80,000
156,000
51.000
Of which American
The tone of the Liverpool market for spots and futures each day of tbs
week ending July 30, aud the daily closing prices of spot cotton, have
beon as follows:
Saturday Monday.
Market,
12:30 p.m.
}
J
Mid. Dpl'ds
Mid. Orl'ns.
Mariet,
5 p.m.
Fridav-
Tending
Inq.
Mod.
inq.
Quiet.
DuU.
615l8
613,8
613,8
613,8
613,8
613,0
615,8
613,8
615,8
613,8
615,8
5,000
1,000
8,000
1,000
7,000
1,000
8,000
1,000
8,000
1,000
8,000
1,000
and
easier.
freely
supplied.
freely
downw'ds.
supplied.
/
J
Sales
Spec.ifc
Wednes. Thursd'y.
Mod.
Tuesday.
Dull
exp.
Market,
5 P.M.
Firm.
Quiet.
,
Steady,
In buyers'
favor.
offerings
free.
Quiet.
Quiet.
the same week are given
The actual saUw of f u tures at Liverpool for
below. These sales are on the basis of Uplands,
unless otherwise stated.
Low Middling
clause
Saturday.
Delivery.
Jnly-Aug
Delivery.
Sept.-Oct
d.
63132
61933
Oct.-Nov
d.
658
63,8
Delivery.
Delivery.
July
July-Aug
Aug.-Sept
Deo.-Jan
July
62332
July-Aug
621 30
Aug.-Sept
61932
6i8
Sept.-Oct
Nov.-Deo
July
6%
Delivery,
I
Nov.-Deo
d.
6»s«
Total bales.
Liverpool, per steamers Ab.V98lnia, 391
Wisconsin, 1,505
Baltic, 048
Uermaiiic,951
Helvetia,
—
...„- 5,215
011,8
658
61333
61s
62533
Delivery.
Sept.-Oct
Oct.-Nov
Nov.-Deo
67je
6I4
6Bs8
Dec- Jan
653j|
Tuesday.
Delivery.
Delivery.
62533®% July-Aug
Aug.-Sept
Sept.-Oct.. ..67,e®'332
Oot.-NoV
6732
Nov.-Deo
611,8
6=8
6I3
Dec. -Jan
Oct.-Nov
6%
6Si«
Wednesday.
Delivery.
exports of cotton from the United
States the past week, as per latest mail returns, have reached
bales.
So
far
19,883
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, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
X,450
Thurs.
I2
89 161,812
News.—The
„ York—To
Hew
Wednes.
Tites.
»16
15,000
1,087,592.
Shipping
Hon.
c.
Delivery.
1,866 429,920
19,88^
c.
sail
Do
5,443
4,787
1,581
3,ea'4 '193 14 3,8® I4 3,8 ^l* 3,8314 'is®**
5303732 5323732 5333732 5333732 5323732 6j3»7jB
Liverpool, steam d.
July
This year.
1,S33
Monday.
i',296
31
m
Below we give all news received to date of disasters to resMlfl
carrying cotton from United States ports, etc.:
July 1.—The British steamship City of London, at London. July 12. from
New York, on July 1, in lat. 43 N., Ion. 47 W., passed Ave bales ot
cotton in good condition, and apparently not long In the water.
Cotton freights the past week have been as follows:
560 68,978
.
'.'.'.'.'.'.\
1,331
1,1M
16,768
Aug.-Sept
5,279
2,575
22 16,013
Toua.
7,088
Futures.
Followi!I(J are the Keceipts op Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and since
The
Philadelphia.
Bremen,
250
750
Total
Spot.
Bremen and Hanover
Hamburg
September
2,385
1,134
Bremen, steam.
Same
July
Havre
Baltimore
Boston
FhUadelpbia
Orleans
Cott'n
week snow an
Week ending-
Liverpool
Texas
5,215
5,660
1,614
Now
Satur.
8I4 »«.
Shirtings.
32« Cop.
increase, as compared with last week, the total reaching 7,038
Below we give our usual
bales, against 10,593 bales last week.
table showing the exports of cotton from New York, and their
direction, for eadh of the last four weeks; also the total exports
and direciioa since iSept. 1, 1879, and in the last colama the total
tor the same period of the previous year.
Exports OF Cotton (bales) from New York since Sept. 1, 1379.
Exported to—
New York
1878-79.
1879-80.
A.
.
Total.
The
Lirerjtool.
exports (bales)—
•
.
Liverpool, per steamers Lord cilve! 1,000
Ohio, 36
Pennsylvania, 98
Bscelpts (cautars*)—
Tliis
Total
To Havre, per stcameni Canada, 6»3
Tapaze, 840
To Bremen, per steamer Neckar, 250
New Orlkanb—To Liverpool, per steamer Uaytlen, 2.73S....
1878.
1879.
1880.
29.
129
July
July-Aug
Aug.-Sept
I
62332
6'i32
I
Delivery.
Oct.-Nov
July-Aug
63,8
611,8
Delivery.
Sept.-Oct
Nov.-Deo
eiSj,
6>8
6i»323=8l
Thursday.
Delivery.
623,2
611,8
July
July-Aug
Aug.-Sept
658
Delivery.
Sept.-Oct
Nov.-Deo
July
Delivery.
6i»33
big
Sept.-Oct
6%
Nov.-Deo
67,8
61*
Aug.-Sept
Nov.-Deo
Aug.-Sept
6»l8«
67,4
65it
Friday.
Behtery.
July
July-AU£
6%32332®%
62332
Delivery.
Sept.-Oct
Oct.-Nov
-.
„
Delivery.
ea'sa
eSsa
..
.
,
:
,
THE CHRONICLE.
130
BREADSTUFFS.
FWDAT,
Note.
P. M., July 30, 1880.
[Vol. XXXI.
—The statement of exports of domestic breadstuffs from
different customs districts of the United States during the
month of June, 1880, and for the twelve months ended the
movement has been reported in flour, though operasame, published last week in this column, was prepared by the
tions have been impeded by the very meagre offerings of most Bureau of Statistics, and should have been credited to it.
winter
jprades, particularly of the more desirable extras of both
iProm the " Kew York Prochiee Exchanqe Weekly.")
(old and new crops) and spring wheat product, for prompt
Receipts of flour and grain at Western lake and river ports
delivery, and the stronger rates claimed by receivers. New win- for the week ending July 24, 1880
A
Iree
:
ter
wheat
flour, for
forward delivery, has been in
with buyers and more
diflJcult to
less
favor
bbl8.
place without involving eon-
At—
(196 »».)
38,857
47,578
Ohlcago
Standard extra State sold to-day for export at |4 30; Milwaukee
Toledo
in
extras,
standard to fair shipping Wisconsin and Minnesota
Detroit
Cleveland
Backs, at $4 30@|4 50. Rye flour has been moderately active,
Louis
Peoria
8t.
qualities of superfine
full prices
values,
realizing very
DoluUi
Corn meal has varied
on a light supply.
meeting with a
have been
fair
little
Winter wheat values have been further depressed, through
the free offerings of new crops, especially for deliveries in July
and early in August. The new grades—lowering the standards
—have been viewed with
and apprehension by
receivers
values.
in
more or
less distrust
shippers, thus increasing the difliculty of
marketing the current
arrivals,
Little
has been done
135,304 3,209,537 3,972,532
124,350 2,455,596 1,713,746
Total
Same time
'79.
in white wheat,
—
settlement, at the same figures.
The following are closing quotations:
.
.
Southern, ))akers' and
family brands
South'u sbip'ft extras.
Kye
flour, stiperliue.
Corn lueal—
Western, Ae
Brandy wiue, Ac
I
4
|
I
35
4 85
(i
50
5 15
6 50
8
75
5 40
6 00
60®
5 10
C53 3 05
...»S'/t1
73,739
88,142
1 to
July
24, inclusive
1877
37,265,468
53,028,007
16,061,888
1,781,838
34,066,987
52,504,133
14,561,041
2,930,861
2,059,309
10,291,525
42,697,595
10,645,867
2,719,182
939,927
Total grain.... 139,729,145
110,561,603
106,062,371
62,273,596
Wheat
bush.
Com
Oat»
Barley
Rye
2,424,.102
Total receipts (crop movement) at the same ports from Sept. 1
t) July 24, inclusive, for four years:
Wheat
bush.
Com
Oata
Barley
Eye
Total grain
....
1878-79.
6,352.421
1877-78.
5,949,054
93,088.972
132,482,233
31,605,719
10,455,833
4,214,769
93,364,234
93,098,402
32,021,700
9,566,148
4,738.181
77,492,228
87,603,769
26,972,598
9,409,741
4,036,126
39.684,510
271,317,526
232,788,663
205,514,462
154,412,580
85
36
45
4-rowed...
State, 2-rowed...
Peas—Can'da,b.<&f.
Wheat
1878.
3,253,137
1877.
2,310,120
31,882,271
74,035,935
13,700,390
1,646,671
3,106,491
33,004,346
47,089,308
12,236,606
2,051,088
1,718,339
24,694,927
45,555,730
9,502,903
1,589,531
1,002,050
10,043,307
36,732,291
8.003,101
2,104.202
821,331
122,372,758
96,999,687
83,005,164
Oi '04,732
bush.
Oats
Barley
Eye...
Total grain
....
Rail shipments from Western lake and river ports for the
weeks ended
95
1879.
1880.
Week
Floui-
Wheat
Week
July 28.
38,397
bbls.
90,954
548,873
513,600
409,073
16,370
38,264
697,621
431.216
349,160
18,553
48,715
166,086
432,197
429,488
5,259
5,689
84,700
100,365
118,276
3,006
11,941
1,526,180
1,515,205
1.338,719
318,848
Barley
Eye...
Total
and lake shipments from same ports for last four weeks
Week
Wheat,
Flour,
endinti—
July 24
July 17
Julv 10
Julv 3
bush.
bbls.
125,402
114,113
125,698
138,021
Total, 4 w'fes.503,236
4 weeks
•
1877.
Week
July 27.
80,279
bush.
Corn
Oats
Rail
1878.
Week
July 26.
93,620
.July 24.
'79.. 492,195
Corn,
bush.
3,762.652
3.353,754
4,673,294
4,140,576
Outs,
bush.
Barley,
bush.
:
Rye.
bush.
499,827
570,003
536.571
603.621
16.370 38,264
6,038 36,142
11,509 29,221
26,587 44,703
'
2,210.022
6,004,981
7,774,846 7,172,116 1,781,815
60,554 148,330
64,360 322,906
2,251,941
1,417,762
1,125,083
1,210,195
15,920,276.
Receipts of flour and graih at seaboard ports for the
ended July 24:
AtNewYork..
Flour,
Wheat,
Corn,
Oats,
bbls.
bush,
bush.
bush.
Barley,
bush.
91,583 2,260,9^8 2,379,500 224,170
31,049
1,465 228,034 28,750
12,500
2,500
1,350
16,789 140,396 243,038 20,314
14,720 497,000 528,600 93,600
4,300
22.190 2,019,000 203,200
6,656 306,815 157,264 11,317
week
Rye,
busli.
62,314
400
2,245
330
65,309
184,537 5,223,624 3,752,186 384,987
Totalweek
week '79.... 162,410 5,291,821 1,628,633 486,416 18,900 24,962
Cor.
And from Jan.
1 to J uly 24, inclusive, for four years:
1878.
1877.
3,584,020
1880.
5,070,250
1879.
5,477,770
53,337,378
83,073,370
13,395,952
1,586,317
837,727
53.061,621
68,196.789
11,937,811
1,731,937
2,135,774
40,345,358
66,108,595
2,415,832
2,555,613
6,172,832
40,300,797
9,437,247
1,985.365
697,350
Total grain.... 157,781,241
137,363,932
122.917,382
64,594,591
Fidur
Wheat
Com
Oats
Barley
Bye..
82
21,691,654
8,492,032
2,897,878
1879.
3^530,134
'Jorn
Philadelphia
Baltimore
83
35
37
81,646,.300
1880.
3,067,630
bbls.
NewOrletms
White
Barley— Civnada W.
4,892,534
Comparative shipments of flour and grain from the same
ports from Jan. 1 to July 24, inclusive, for four years:
Grain.
. .
1876-77
1879-80.
5,595,782
bbls.
No. 3 spring, ij) bu.$l 00 3>103
" 2~ spring
No.
107 a>l 10
Amber winter .
Nominal.
Red winter, No. 2 108%ai09
White
104 ®1 10
No. 1 white
109 ®1 10
Com— West, mixed 43 ® 47%
West'n No. 2, new
47 »s® 47%
West, yellow, new
....
® 53
53J2
West, white, new
Wheat-
Btiite,
39.095
11,593
30,704,522
87,980,603
17,192,285
2,588,954
1,262,781
bhls.
Boston
Portland
Montreal
50a G75 Rye
4 73® 5 23 Oats— Mixed
4
531.947
582,426
2,233,842
Flour
4 30
4,606
19,150
1878.
3,178,661
higher than the most popular grade of winter. Cable advices
from the English and Continental markets have been favorable
to the export interest, which, however, has been adversely
affected by the limited offering and higher range of freight
accommodation.
The general market winds up firmly, with No. 1 white,
afioat, at |1 09)6@$1 10, No. 2 red at $1 09 (as previously
quoted); prime No. 2 Milwaukee spring at $1 09 bid. Only a
few loads of spring were reported as marketed to-day. No. 2
red for August closed at !B1 09, September at $1 09 /|.
Indian com, at a further reduction of about %&%e. per
bushel, met with a ready sale, largely on export account, leaving off with more firmness. No. 2, afloat, closing at 47?4c.; for
August at 47/ic.; September at 4854c. bid.
A further gain of l@2c. a bushel has been made on rye,
which has been wanted by shippers, and has been taken to a
fair extent, mostly for deliveries in August ; No. 2 western for
that month leaving off at 83c., with deliveries in September
quoted at 81c. bid and 82@83c. asked.
Oats were worked up very decidedly on Thursday, reaching
on No. 2 38>6®38Mc.— a rise for the day of 2^@2Mc. a
bushel, through the urgent requirements for July contract
deliveries other grades sympathizing. Options on No. 2 were
also quoted somewhat stronger, but irregular; September bringing 33c., October 34c.. Trade purchases have been to a fair aggregate, though the speculative disturbance of values tended to
check operations in the regular line. No. 1 white sold to-day
up to 43@43^c. No. 2 went to 38@38>6c.; and for July, in
—
—
3 63
647
2,200
5,000
1879.
3,617,865
Flour
Floitr.
4,001
5.600
96,031
130,500
1880.
3,248,967
Flour
the execution of orders for any important quantities next to
impossible. While winter wheat has further receded, a sharp
rise has occurred in spring grades, strictly prime and fancy
quality having been advanced about 2c. a bushel, reaching on
Thursday $1 08@1 10 for prime No. 2 Milwaukee to fancy hard
spring and $1 07@$1 08 on No. 2 Chicago, on liberal sales for
export, thus bringing, in the instance of Milwaukee spring,
fully as much as the standard grade of No. 2 red which latter
closed at $1 09 while hard spring was relatively Ic. a bushel
^bbl. $2 63®
Winter superllne
4 10@
Spring suiicrHne
3 65®
prlng wheat extras.. 4 259
do XX aiul XXX.
5 00®
Winter shipp'K extras. 4 65*
do XX and XXX... 5 25®
Patents
6 50a
Western 'rye mix''.
5 00®
City shipping extras. 4 oOa
same ports from Jan.
Total receipts at
for four years:
the extreme scarcity of which, for prompt delivery, rendered
Ho. 2
266,737
5,998 46,969
26,000 25,250
2,900
3,078
and disturbing
Speculation has been lively, but attended by frequent
fluctuations as to price.
Oats,
Barley,
Rye,
buth.
btish.
bush.
(32lbi.) (48I2i«.) (56lbi.)
btuh.
(56 Ibt.)
Ibe.)
as to
demand, particularly favorite
brands.
of quality here
(60
457,338 3,056,913
74,565
25,600
201,192,890 183,920
,305
50,509
5,654
2,419
62,300 106,200
37,775 1,366,167 280,705
2,850
12,450 231,550
1,500
3,318
81,990
cessions.
and the better
Com,
Wheat,
bush.
Flour,
bbls.
bush.
4,614,876
11491,734
:
.. .
.
JuLT
THE CHRONICLE.
31, 1880.1
Exports from United States seaboard ports and from Montreal
week ending July 'ii:
for
From—
New York
Boston
Portland
Montreal
PUladclphla.
Baltimore
...
.
FUyur,
Wluat,
bbli.
bush.
79,634
21,310
1,449,563
93,272
Corn,
bush.
1,680,243
379,896
Oats,
Bye,
bush,
bttsh.
Feat,
bush.
7,029
21,550
131
Importations of Dry Quad*.
The importations of dry goods at this port for the week ending
29, 1880, and for the corresponding weeks of 1879 and
1878. have keen as follows:
BrfTKKEU fOE COWgUMFTlON FOR THE WEBK KHOINO JULY 89. 1880.
July
1878.
8,559
7,571
10,723
.
141,016
233,422
1,307,841
484,668
233,863
29,314
85,995
3,872
26,007
Pkgs.
3,285,1 14
106,809
2,848,498
'79.
20.007
2,807,984 118,440
1,001,681 16,451
253 28,308
supply of grain, comprising the stocks in granary
at the principal points of accnmnlatiun at lake and seaboard
ports, and in transit by lake, rail and canal, July 24, was as
foUowB
The
visible
InBiortai—
New York
So. afloat
(est.).
Albany
Buffalo
Chlcairo
Milwaukee
Duluth
Toledo
.:
Detroit
Oswego
Bt.
..
I^uis
Boston
Toronto
Montreal
(15tli)
Fbiladclphia
Peoria
Indianapolis
Kansas City
Baltimore
.
.
W/ieal,
Corn,
bush.
bush.
2,659,260
180,000
819,758
1,250.000
12.600
09,769
997,682
2,463,502 1,859,960
20,145
273,965
36,137
9,339
908,786
297,769
2,500
66,571
65,000
70,000
283.237
700,409
22.525
209,561
39,472
60,861
98,307
265,103 1,232.136
2.254
36.878
166.400
45,000
81,999
85,596
,593,373
586,257
1
513,000
548,873
2,361,929 4.222,837
787,000 3,073,000
Rye,
bush.
Barley,
bush.
Oats,
bush.
215,219
25,425
18,827
644
713
440
564
435
a5,do6
25.000
14.597
14,597
197.845
13,189
64,431
64,43i
68,689
10,242
12,079
3,667
.
31,400
2.000
67,800
1,972
25
118,441
55,724
10.200
116,577
"ies
168
3,067
1,706
1.451
3.671
1,511
409,073
155,000
272,000
16,370
38,264
Total July 24,'80. 13,367,433 15,741.911 1.677,197
10.924,075 15.477,913 1,993,303
July 17, '80
July 10, '80
10.979,880 17,240,688 2.'_'79,775
3,
'80
12,264,92016,733,218 2.823,762
July
June 26, '80
13.913,310 18,097.790 3,080,549
14,676,281 10,068,258 1,411,877
July 26, '79
183.936
180,656
156,213
235,772
280,180
330,601
168,862
133,674
129,583
211, 3.U
237.986
318,398
Onlake(e8t.)
On canal (est.)
.
. . .
1,051
1,100
Friday.
Pkgs.
1880.
Valut.
Pkai.
rahse.
Flax
Ulscellaneoos
266.248
276,191
300.380
1,412
1,600
118,01-.!
1,411
433
71,414
2,790 1 ,032,275
Total
590,131
459,367
589,477
304,209
122,610
853
1.310
1.436
1.35.^
l,-293
663
626,667
443.950
892,132
268,576
139,138
5.709 2.065,794 6,0 57 2,370,363
THROWN INTO THK HAKKltT DDK-
WITRD&IWM FBOH WARKIIOUSK AND
INQ THE SAME 1-KUIOD.
Manufaotores of—
254
190
70
298
129
Wool
Cotton
Pla»
Mtsoellaueoos
382
229
105
204
133
96,662
51,320
48,854
54,292
8,593
941
167,623
69,878
73,935
48,198
5,628
519
299
219
427
56
223,881
99,136
160,074
87,336
10,780
......
Total
Knt'd foroonsnmpt.
259,721
2,796 1,032,275
1,053 365,262
5,709 2,065,794
1,520 581,187
6,057 2,370,363
Total on market
3,7^
C.762 2,431,056
7,577 2,951,550
. .
1,291,996
ENTKRKO POK WARBIIOUSE DURINQ 8AMB PKUIOO.
Manufactures of—
409 174,036
Wool
553 213,632 1,011
304
68
207
320
Flax
Miscellaneous
86,291
50,802
40,667
25,687
284
7«
574
83,436
51,361
124,290
8
252
541
295
750
90
404,913
197,130
217,214
171,423
39,413
133
THE DET GOOD3 TRADE.
P. M..
July 30, 1880.
been a substantial improvement in the demand for
some descriptions of autumn goods the past week, but the general market was rather quiet than otherwise.
There was a
brisk movement in ginghams (which have been opened for the
season at relatively low prices) and dress goods, prints and
Kentucky jeans were severally distributed in increased quantities.
Staple cotton goods were sluggish as a rule, but lower
prijes enabled agents to effect liberal sales of fine brown sheet-
There
Bilk
Bilk
64
rail
Cotton
Bilk
40,007
9,900
2,104
On
Valtu.
Maniifaotures of—
Wool
Total for -w'k 127,797
Same time
1879.
-
ha-t
makes of colored cottons. Woolen goods lacked
animation, and the demand for foreign goods was only moderate.
A feature of the week's business was an auction sale of 1,800
cases cotton handkerchiefs and 400 cases cotton towels, most of
which were disposed of at satistactory prices.
Domestic Cotton Goods.
The exports of cotton goods
hence to foreign markets during the week ending July 27
ings and some
—
were 2,588 packages, including 1,118 to Great Britain, 546 to
U. S. of Colombia. 500 to Chili, 1G2 to Hayti, 57 to Venezuela,
48 to Japan, and some smaller lots to other markets. Brown
cottons were fairly active, but prices were reduced on such leading makes of fine browns as Pepperell, Nashua, Continental,
Pocasset, &c., in order to close out accumulations.
Bleached
goods were inactive but fairly steady, and there was a slight
decline in some makes of colored cottons. Print cloths were
in better demand, at unchanged prices. Prints were fairly
active but the demand was irregular, and there was a very brisk
inquiry for ginghams which resulted in heavy aggregate sales.
Domestic Woolen Goods.—The feature of the week's business
in woolen goods was a marked decline in leading makes of
heavy doeskins and Kentucky jeans, some makes of which were
reduced from 15 to 20 per cent from prices current a short
time ago— Humboldt doeskins having been marked down to 50c.
per yard.
There was, consequently, a materially-increased
demand for the above fabrics, and stocks were considerably
lessened.
Clothing woolens remained quiet, and there was
only a moderate business in cloakings, repellents and carpets.
Worsted dress fabrics were in good request, and many makes
are already sold to arrive. Hosiery ruled quiet, but underwear
and fancy knit woolens were in steady request.
FoKEiG.N Dry Goor^s.- There was a slightly-improved
inquiry
for staple and fancy dress goods and a few other fabrics
by
eariy buyers, but the general demand for foreign
goods was
comparatively light. About 25,000 pieces Hamburg
embroideries were offered at auction, but only a portion of
the line was
sold, and at rather low average prices.
Total
Ent'd forcousumpt.
1,308
377,543
2,796 1,032,275
1,495
471,971
5,709 2,065,794
2,723 1,030.093
6,057 2,370,363
Total at the port...
4,104 1,409,818
7,204 2,537,765
8.780 3.400.456
.Imports of Leadlnic Articles.
The following table, compiled from Custom House
returns,
shows the foreign imports of leading articles at this port since
January 1, 1880, and for the same period in 1879:
IThe
fiwea in packages wlieii not otiiorwise apooifled.
(iuantit.y is
1380.
1879.
10,183
31,010
458,976
24,854
4,061
7,837
22,917
26,201
7,443
21,057
3 31,957
19,609
1880.
&c.—
China,
Earthenw
Ac-
Metals,
China
.
Glass
Glassware
GUiss plate.
Buttons
|
1879.
Lead, pigs
SiTOlter, lbs
30,457
4,494,218
5,751
1,114,451
Steel
357,083
Tin, i)oxes.
954.387
2,851
TiU8lb8.,lb8 19,091,943
5,489 Paper Stock.
213,453
45.030
776,366
9,113,837
80,934
Cocoa, bags.
Cofl'cc, bags.
Cotton.balea
Drugs. &o—
28,818 Sugar, libds.
18,920 tcs., & bbls.
447,188
40:,444
1,379.502
4,292
1,325,521 Sugar, boxes
9,582 and bags...
2.054,019
Biiflj,
Pom.
23,4.99
441.344
48,703
940,898
399,13o
31,695
Bloa.
powd.
16,111
2,506
73,559
4,479
5,779
23,780 Tobacco
11,281 Waste
2,225 Wines, &o.—
30,872 Chaiup'gne
b.askcta
3,456
82(1
310
87,319
126,974
85,912
100,101-
Coal, tons...
Tea
Cochineal..
Gambler
.
.
Gum, Arab.
ludigo
Madder, &c
953
Oil, Olive..
30,878
1,284
8,552
40,556
57,031
4,473
8.311
2,064
9,007
151,638
0^>ium .. ..
Soda, biH5b.
Soda, sal...
Soda, ash..
Flax
Fui-8
Guimy
cloth
Hair
Hemp,
bales
Hides,
&c.—
Bristles
.
.
.
Wines
4,141
1,768 Wool, bales.
27,800 Reported by
777 value.
8,665 Cigars
34,l20i;Corks
37,948 Fancy goods
1,788: Fish
5,3311 Fiiiits, &o.—
5001 J/cmons ..
.
2,319
123.684
2,897 Klce...
28,414 'Spicoa,&c.—
41,119
. .
.
1,316
896
2,068
1,519
596
.
&c—
Cutlery
Hardware...
Cassia
Ginger ....
Pepper
371 Saltpotro
300.313 Woods70,789 Cork
323,691
65,882
.Mohisses
Metals,
777,906
42,415
465,584
220,660
1,118,318
1,343,708
544.741
1,389,345
4,336
2.730
858
292
...
Fustic
..
L.ogn-ood ..
MiilKigany
772,917
213,264
409.420
407,446
0,273,930
227,425
136,118
6b,362
391,426
277,332
217,062
91,981
320,217
190,607
378.102
46,605
4S3,7t7
300,104
614.302
Raisins
Jewolry,(Sic-
Watches
Unseed
. .
$
$
877,661
65,124
639,985
259,873
806 Hides, undr. 15,230,801
2,121
5,273
.
Hides.dr'sd
India rubber
Cvory
Jewelry
Oranges
Nuta
60,822
27,584
1
14,742
S.-),806
41.V>72
122,701
Exports of Provislous.
The following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia.* Montreal, Portland and New
Orleans, for week ending July 24, 1880, and their distribution
:
To—
London
Liverpool
....
Glasgow
Pork,
Beef,
Lard,
bbls.
bbCs.
lbs.
244
897
10
17
15
Bristol
Cardiff
8
37
Hull
Bntisli ports.
,
Newcastle
W. Hartlei)ool
.
.
Havre
43
25
225
Marseilles
llaniomg
647
410
55
37
37
74
215
20
100
.Stettin
Antwerp
Bremen
Dantzic
Cent. Amcr..
2
So. America..
49
Cuba
Hayti
West Indies..
BrittohCol...
181
3,757
1,285
561
oouut'fr
457
Total week..
Prev's week
7,805
4,774
Other
.
12
10
85
107
506
119
17
2,461
2,351
65,858
1,140,332
110,60C
10,400
18!>,900
122,400
8,000
162,200
1,091,7-50
26,000
351,400
1,286,880
493,720
866,702
144,000
58,137
310,945
269,159
Bacon,
Cheese.
lbs.
lbs.
502,478 2.158,620
8,534.749 3,988,953
488.275 1,260,857
272,173 816,181.
23,260
47,500
696,350
Tallow,
lbs.
280,000
418,000
277,200
55,000
88.000
178,200
315,580
15.000
589,6o6
197,100
126,600
2,009,475
414,225
94,625
1,200
172,100
944,130
394,640
7,800
1,554
6.032
660
639
170,000
100
37,925
2,919
3,47ti
66,010
8,715
94,941
23,421
716
22,457
60,253
31,401
6,300
1,140
8,400
3,098
3.4S2
7,8-48
4,518
7,910,893 15,960,186 8,319,4 U 2,815,140
7.749.543 13,263,420 6.853.27>. 3.127.630
—
—~*"C-~
THE ('HRONICLE.
]32
&
Buttrick
Elliman,
39 Wall St, New ITork.
8KCURITIE8
BONDS. STOCKS and INVESTMENT
BoIjGHT and sold UN COMMISSION.
C A BtTTTBiCK.MemberoftheN.Y.StockKich'ge
Wm. Bllim a n. Mem ber of the N.Y.Mlnipggich'ge
&
&
&
Kimball, Howell
H. Kimball,
Co.,
Howill, n. p. Henderson,
J. P.
BBOABWAY ANB
NEW
17
RAII.ROAD SECURITIES
COTTONSAILDUCK
all
kinds of
COTTON CANVAS, FELTLNS DDCK, CAKCXIVKK
INB, BAGGING. RAVENS DUCK, BAIL TWIHK8
*C. "ONTARIO' SEAMLESS BAGS,
•'AWNING STRIPES.'
A
full
supply
ANXaoNY. Member N. Y. Stock Exchange.
„ ^,
Jas. H. Oliphant. Member N.Y. Mining Exch'ge
,
Dnane
&
3
&
Hudson
I.
Buy and sell on commission, for investment or on
margin, all securities dealt in at the New York
Stock Exchange.
R. R. X,EAR.
C.
I.
H0D.SON,
Bro.,
J.
"WAITED
All kinds nf
price paid
address,
Give
for them.
&
Burllii;;'toii
Woolen
New iTllIls,
Slfg. Co.
Co.,
Highest market
and
43
AND
Hosiery, Shirts and Drawers
From Various Mills.
NEW YORK,
BOSTON,
15 Chauncey Street
& 45 White Street,
philadelphia.
j. w. dayton, 230 chestnut street.
Francis,
15 Ne\r
dc
St.,
Cash paid at once for the above Securities or
hey will
'iU be sold on commission, at seller's option.
;
D. Probst
EXCHANGE PLACE, NEW YORK.
and
And
&
Fisher
BANKERS,
Sons,
Dealers In KoTernments, Coin,
luveMtmeut Securities,
2 SOUTH STREET
Ac
BALTIinORE,
New York.
TTID.
sell Governments and Coin.
Gold coEstantly kept on hand for the supply of Mer-
PurcUMS and
Russell
&
Co., China,
Commission Meuchaxts and Ship Agents,
Houff Kouff, Cniiton, Amoy. Foochow, Sliauff-
AND
Hankow.
hai and
Agent
in America,
S.
Boston
AND ALL KINDS OF
SECURITIES,
DEALT IN.
Correspondence
Inclined Planes, Transmis*
^sion of Power, &c. Also.
iGalvanized Charcoal and
BB for Sbips' Rigging, Suspension Bridges, Derrick
Guys, Ferry Ropes, &c.
large stock constantly oii
hand from which any delengths
are
sired
cut.
F. Zebley, Jr.,
solicited.
Insunance*
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES
SEE GAS QUOTATIONS IN THIS PAPER.
The United
Life Insurance
States
Comp'y,
261—264 Broadway, N. V.
....
....
$4,983,2^6 81
872,484 (i6
JAMES BUELT President.
A LIBERAL AND IMPuRfANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
BANKER AND BROKER,
BROAD ST., NEW^ YORK,
(DilEXEL BtJILDrNG)
FLAT STEEL AND IRON
ROPES for Mining pur-
lUTestment Seenrltles.
'Municipal Securities of Illinois, Kansas, Missouri,
Jr.
Wall
Office, 59
Street.
Office, 44 Central Street.
chants, for duties.
Bonds and Securities of every description bought
and sold on Commission Orders, Wulch have direct
personal attention.
Especial attention is given lo Investment Securities
of the higher grades, quotations for which are furnished as required.
Wire Rope.
BROOKLYN
Crders executed at the Stock and Mining Exchanges.
Special attention given to Defaulted Railroad and
W, POMEROT,
New York
BTKEET RAILROAD STOCKS AND BONDS
poses manufactured to order.
_
JOHN
W. MASON & CO.,
43 Broadway, New ¥ork.
•
Iowa and Nebraska.
Assets,
Surplus.
,
Examine the new form of Policy issued by
United States Life Insurance Company before
suring elsewhere.
After the premiums for three or more years hav
been paid, upon receiving the required notice from
the assured tlie Company will continue tlie Policy
in force without further payments, for its FULL
FACE, for such a period as the ENTIRE RESERVE
»»will carry it.
Should the d'ath of the insured take place during
the continued term of insurance as provided for
ubt)ve, the full face of the Policy will be paid— nw
deduction being made for foreborne or unpai/
premiums, excepting in the event of the deatfa
occurring within three years after the orlgina;
.
full
&
Co.,
STOCK AND BOND BROKERS,
J.
Wm.
No. 11 Old Slip,
GAS SECURITIES,
Correspondence solicited and
ven on all classes of bonds and
Stocks
A SPECIAETY.
Opposttb Second St
BROAD STREET, NEW YORK.
Dealer In
,
MlSOITLLANEOnS SECtJRlTIES, BOOGHT AND SOLD
Nevr Vork.
GAS STOCKS
5
Insurance
No. 52
Geo. H. Prentiss,
John
V
PINE STREET.
Stocks, Railroad Bonds, Goverjjments,
ALSO,
Cor. Maiden Lane & James St., ALBANY, N. Y.
Transact a General Banking Business.
STOCKS and BONDS Bought and Sold on Coit.
mission, and carried on Margins.
Deposits received and Interest Allowed.
19
7
Dealing
AOENTS FOR
Chlcopee
ITIills,
BANKERS AND BROKERS,
70 Broadivay
YORK.
B AI LE
S.
E.R.Mudge,Sawyer&Co
full description,
street, St. Liouis, jno.
Trask
E.
Atlantic Cotton mills,
Saratoga Victory mfg. Co., Ocean ITIllIs
li. A. COQUARD,
BANKER AND BROKER,
134 N. Tlilrd
BROADW^AY,
See quotations of City Railroads in this paper.
AND
miLTirARD'S HEIilX NEEDLES
400 BROADWAY, NEW YORK.
Ellertou
:
L. Grant,
CITY RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
MISSOURI and ILLINOIS DE-
FAULTED COUNTY BONDS.
Securities.
52 WILLIAM STREEr.
F. W. PERBT.
H. LATHAM.
NEW
H. C0RTIS.
T.
St.
i>i»tirict
GoTernment
H.
WasIiin;;toii
Member N.Y. Stock Exch.
Chlcngo, Cincinnati,
of Columbia, and
City,
Louia,
No. 14S
Co.,
EXCHANGE COVHT, NEW YORK,
Co.,
FOREIGN EXCHANGE.
And
C.
&
H. Latham
New York
ANTHONY, POOR & OLIPHANT,
BANKERS AND BROKEKS,
No. 19 Broad Street, Nenr Ifork,
83 DeTonsIilre Street, Boston.
Skcuuities
Buy and Sell on Commission all exchange.
c0bbknt at the new youk stock
ALLOW Interest o-x Deposits. Make Adtances
ON Approved Collateral.
for the past 10 Years
Investors or Dealers wishing to bay or sell are
State, Municipal and
Invited to communicate.
Railway Bnnda and Coupons bought and sold at best
Market Bates.
J.
Street.
George A. Clark
all
A SPECIALTY.
Widths and Colors always in stock.
Nn. 109
AU Secnrlttea dealt In at the Excbanse
Jas. L.
all
An intimate knowledge of
INVESTMENT SECURITIES,
United States BnntlnK Company.
ST.,
E.XCUANGE PLACE, JJEW YORK.
No. 52
Also, Agents
But, Sell and Carry on Margins
HENHY W.POOR.
Co.,
And
H. Smith,
Fred.
BANKER AND BROKER,
'U&nnfactarerB and Dealers In
Members N. Y. Stock Excbaage,
68
Turner
Brinckerhoff,
BANKERS AND BROKERS,
No». 37
Financial.
Commercial Curds
Financial.
XXXI
[Vol.
information
Steel
Pens.
8t( cks.
—
default.
The new form of Endowment Policy provides :—
If the ENTIRE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the -endowment
term, the excess shall be used as a single premiupi
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in every event the full value of his Reserve.*
NO SURRENDER of the Policy is required only
a notice fr<:im the policy»jV<^l*i6r, on blanks fur-'•
nished by the Company.
That
CK^K ECoRS
BA
m
o.
Al
18 TVAIil.
^^.
;
,
STREET,
i\ew York.
^
Transact a General Banking Business, including
be purchase and sale of STOCKS and BONDS for
ash or on margin.
_
'
Bar and SeU Investment
Securities.
BOX 3,647. ;Jf»
-5».
ijM. KIDDBB. WAYLAND' TBASK. 11. J.MOESB
,^-^"<-<ta^
P. O.
GOLD MEDAL^ PARIS,
'*••<
1878.
His Celebrated Ifimlers,'^
303-404^1 7j05f35 -332,
OJK« /US Other styles may
1
"=»
—
be had of all tieaUra
tkroufflioutthe toorli^^^i^i^^
Joseph Gillott&Sons;^
NewTo7k.
vAFTEH TIIREF YEARS, ALL RESTRICTIONS
and*CONDITIONS
in regard to travel, residence,
occupation and cause of death are removed, thus
making the Policies, after three "years, INCON-
TKSTIBLE
FOR ANY^CAUSE, EXCEPTINft
The Company
Will,
upon application, send Qrcu-
--^
lars giving full particulars.
,„,..'*'
Office of Middle Department, Boreel Building
No. 117 Broadway, N. ¥., Uenry \V. Baldwin, Sup'%
;
JcLT
;
THE CHRONICLE.
31, 1880.]
Steamsliips.
Insurance.
Cotton.
O N L, Y
Line
Direct
to France.
OFFICE OF THE
ATLANTI C
GENERAL TRANSATLANTIC
CO.
Between Nenr York and Havre.
From
Pier (new) No. 42 North River, foot of Morton
LAUIAX, a ISAHAH * Co-
LEHMAN BRO'S,
Cotton Factors
AMD
OORtlXISSION
street.
Mutual
Insurance
New
Co.
Yohk, January
24, 1880.
Trustees, In conformity to the Charter of
The
tlic Company, submit the following Statement
of its affairs on tho 31st
December, 1879
Risks, from Ist January, 1878,
to 31st December, 1879
$3,699,066
Premiiuns on Policies not marked off Ist January, 1879
1,671,981
.
91
have been issued
upon Life Risks; nor upon
Fire dlEconnccted with Marino
Policies
Steamers will leave New York direct for Bordeaux
and Mjirnelllcs every numth its follows
FKItlJlN A.NI) 1)K I/KSSKl'S
Tuesday, August 17
VII. I, K l)K .\IAUSK11.,LES
Fielding,
PKICK OK PASSAGE TO DIEBCT PORTS
:
DE BBBIAN,
Agent,
6 Boivllng Green.
COMMISSION MERCHANTS,
140 Pearl
Panama with the steamers
^
3,875,101 26
1879
same
1,524,331 04
close connection at
of the Pacific Steam
Navigation Company, belnK the quickest and most
direct service between New York and the west coast
of South America. Sail from pier 51 North Hlver.
Kor Kingston, Sava.vii.la and Guevtown
AILSA
Aug. 19 ALVO
Sept. 16
Premiums and Ex-
I
840,736 77
viz.:
CasUln Bank
231,455 16
Amount of Assets
$12,437,739 51
Six per cent Interest on the outstand-
Total
ing ccrtiflcatcs of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, tho 3d of February next.
Outstanding
Ccrtiflcatcs of the issue of 1876, will be
redeemed and paid to the holders thereof, or
their legal representatives, on and after Tuesday, tho 3d of February next, from which date
Interest on tho amount so redeemable will
cease. The certificates to be produced at the
time of payment, and canceled to the extent
paid.
FORWOOD
MARINE
i,
CO., General Agents,
No. 87 Wall Street.
Insurance.
AND FIKE IN.SURANCE.
Henuy
H. Wabz.
A
By order of tho Board,
H.
jr.
CHAPMAN,
Secretary.
COMMERCIAL
COTTON COMMISSION MERCHANTS,
111 Pearl Street,
Lewis
Ciu-tis,
Chivrles
U. Russell,
'
James Low,
David Lane,
Gordon W. Bumham,
GeorgS W. Lane,
Edwin D. Morgan,
A. A. Raven,
Eobert L. Stuart,
Wm.
James G. Do Forest,
Frederick Chauncey,
Chai-les D. Lcverioh,
William Rryce,
William II. Fogg,
Peter V. King,
Thomas B. Coddington,
Horaco K. Thurbcr,
William Degroot,
Sturgis,
Adolpli Lemoj-ne,
Benjamin
II.
Field,
Josiah O. Low,
WUliam
E. Dodge,
Eoyal Phelps,
Thomas F. Youngs,
C. A. Hand,
John D. Hewlett,
William
II.
AVebb,
Cliarlas P. Burdctt,
Charles
IT.
Marshall,
Henry Collins,
John L. Biker.
JONES, President.
CHARLES DENNIS, Vice-President.
W. H. H. MOOEE, 2d Vice-President.
J. D.
A. A. RA\'EN, 3d Yico-Presideut.
New
Tork.
Special attention paid to the execution of orders
llrery of cotton.
Mutual Insurance Co.,
Nos. S7 and 59 William
Llheral advances
WALTER & KROHN,
Street.
COTTOIW BROKERS,
insures against
MARINE, FIRE AND INLAND NAVIGATION
53
BEAVER STREET, NEW ¥ORK»
BISKS.
ASSETS Jan.
1,
1880
$810,804 7S
All Risks Written at Reasonable Rates.
Bennet
&
Foulke,
coninissioN merchants.
Ml PEARL STREET,
President.
HAEDIE, Vice-Pres't
D. KINO, Treastu:er
NEW YORK.
WAINWBIGHT
HENBY
made on con-
signments.
Special attention given to the execution of orders
for the purchase or sale of Contfacts for Future
delivery,
UTUALtlF
^F.S.WINSTON,PRESIDEN-
Horace Gray,
Edmund W. Corlles,
John Elliott,
Alexander V. Blake,
Eobert B. Mintum,
Schroeder,
for the purchase or sale of contracts for future de-
lORMCOMM
OF NEW YORK,
TRXTSTEES:
D. Jones,
Charles Dennis,
W. II. H. Moore,
J.
GILLIAT SCnROEDZB
&
Ware
W. IRVING COMES,
Dividend of Forty per cent is declared on the net earned premiums of tho Company, for the year ending 31st December, 1879,
for which certmcatca will be issued on and after
Tuesday, tho 4th of May next.
&C.,
Orders In " Futures" executed at N.Y.Cotton Excb.
:
PIM,
Co.,
BONDS,
NEW YORK.
t
WILLIAM STREET,
25
1
other Stocks
$8,875,558 00
Loans secured by Stocks, and
othcrwlbj1,307,900 00
Beal Estate and claims due tho
Company, estimated at
500,000 00
<•
Premium Notes and Bills Becclvahle
1,522,826 35
Fifty per cent of the
:
1
Assets,
STOCKS,
:
For Kingston, Cauthagkna- and Sa vanilla
ALVO
Aug. 5 ATH08
Sept. 2
For Port auPrisck, Arx CATEsand Jacmel
Aug. 4 ANDES
ATLAS
Aug. 18
For PoitTO Rico :
CLABIBEX
Aug. (!l ETNA
Aug. 27
For North Ha yti and Makacaibo
ARBAN
Aug. 10 AKDEN
Superior accommodation for flrst-class passengers.
For freight or passage apply to
:
penses
&
H. Tileston
COTTON,
1
The Company has the following
United States and State of New
York Stock, City, Bank, and
T.
street, N.
Our Asplnwall steamers form
Januar}-, 1879, to 3 Ist Decern-
period...;
Betums of
Gwynn & Co.,
Steerage, $32.
First cabin, »100
LOtJIS
from 1st
Losses paid during the
Eichangu laNa*
cotton factors
Sunday, Oct. 17
ThrouKli bills of lading granted fur Genoa, Cadli,
Barcelona. Oran and Algiers.
Atlas Mail Line.
off
Tork.
at the Cotton
York and ui«erpo»l aad td-nmtn made on Cottoa
and other produce consigned to at, or to oar COIT**
spondenu m Liverpool, Meisrs. B. NewgMi * CO.
and Messrs L. Rosenheim * Sons.
Kriday. Sept. 17
CaLUKKA
Bisks.
Premiums marked
bcr,
suit.
Ttvvr
uecBted
«>rderf
nSBCHAXTS,
EXCHANGE PLACB,
40
:
$5,371,048 49
mlums
and $80. 8teera«e,
beddlnK and utensils.
ileturn tickets at very reduced rates.
Checks drawn on Credit, Lyonnals of Paris In
cabin. (100
mediterranean Service.
58
Total amount of Marine Pre.
To Havre— First
926, Including wine,
amounts to
Premiums roocived on Marine
No
Travelors by this line aviild both transit by Bn(cU.sh ItaUwuy una the discumfurts of crossing the
Channel tn u amiiU boat.
J.AUltADOU, SauKller
Wed., Aug. 4. 4:30 P. M.
ST. LAUKKiNT. Santelll... Wed., Ana. 11,9:00 A.M.
PMUKIUK, Danre
.....Wed., Aug. 18,4 P.M.
PltlCK OK I'ASSAOK, (Including wine;
LsBMUi, Drat * Co.
Montgomery, Als.
Kew Orleans, La.
SSUES EVERr APPROVED DESCRIPTIONO
LIFE
POLICIE
AND ENDOWMENT
}NTERMS AS FAVORABLE AS THOSE 01
ANr OTHER COMPANY.
ORGANIZED APRIL IZT.m 1842.
:ASHilSSm0Y£R$80,00a00C
Cotton.
A. L. Leman
No.
&
Co.,
COTTON BROKERS,
160 SECOND STREET,
ITIACON, GEORGIA.
Entire attention paid to purchase and shipment of
Cotton on order for cipinnurs and Exporters.
Correspondence
Best of references furnished.
Parisot
&
Campbell,
Cotton Factors,
VICKSBVRG, miss.
Orders to Purchase Cotton In our market solicited
& STILLMAN
Refer to Messrs
New York.
WOODWARD
Dennis Perkins
&
Co.,
COTTON BROKERS,
117 Pearl
street.
Wm.
New York.
Orders for Spot Cotton and Futures promptly
cuted
John F. Wheless
&
exe"*
Co.,
COTTON
cojnmissiioN
merghants
NASHVILLE, TENNESSEE.
Special attention given o Spinners' orders. CorrespoBdence s-oliclted.
RiTFKKCNOKS.— Third and Fourth National Bank
and Proprietors of Tus CnaoNiouE.
Felix Alexander,
COTTON BROKER,
AVGIISTA, GEORGIA.
Entire attention given to purchase of COTTON 9V
ORDER for SPINNERS and KXPORTEB8
COBaSSPON-^KNOS BOLIOITBD.
References :— Natloasl Bank of Augnsta, Georgt*
Henry Hentz & Co., Commission Merchants Ne^
York; William B.Dana* Co., Proprietors Coiu«»B
DIAL AND KiHANOiAL Chsoniclz, and Other Mew
Yoik Hoaaes.
THE CHKONKJLE,
VI
Cotton.
Cotton.
&
Woodward
BANK
SEAMBN'S
&
Vc*. 74
Stillman,
BUILDINO,
YORK.
INMAN,SWANN&Co
GENERAL COMMISSION MERCHANTS
LOANS HADE ON ACCEPT A BtB
Cotton Kzvhange Bnilding,
New
101 Pearl Street,
mode on
Conslfnunents.
SOUTHERN SECURITIES.
for the purchase or sale of contracts for future
OF NEW VORK,
V.
JOHN
HOUORST,
PEiRIi STREET,
New
^
f^enry
NEW
&
Hentz
Co.,
St.,
BUILDING,)
YORK.
;
New
Tork.
BABCOCK Bi;OTHERS & CO
60 Wall Stekxt.
JAMES FINLAY tc CO.,
UVKBPOOIi, LONDON AND GLASGOW.
Also execute orders for Merchandise through
MtllR
CO.,
^k
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FOR COTTON
Robert
in
&
OF HARTFORD.
York.
Future " orders executed at N. Y. Cotton Exch'ge
TaiiiesF.Wenman&Co.,'
„„„,
COTTON BROKER&,
So. 146 Pearl Street, near \rall, N.
BBiabllshed (in Tontine iiullding)
C. j.,
COTTON BROKERS,
133 PEARL STREET,
NEW
&
H.
Bankers* Ledger and Record Papers.
Machine Hand-llade Papers.
Antique Parchment Papers*
Plated Papers.
OR-
Farley, C.
J.
FACTORS,
COMMIdSION MERCHANTS,
CONRAD &
ST.
New
¥ork.
Advances made on Conslgaments.
Bveciai personal attention to the purchase and sale
COTTON
TRACTS roU FUTUKK DELIVKRY
R. M. Waters
&
British
Mercantile
Co.
Ins.
OF
L,0!VDOIW
AND EDIKBVRftH.
United Stales Board of Management,
:
80LONHUMPHRKYS, Ch'r'n.CB. D. Morgan A Co
DAVID DOWS, Esq. (David Dows & Co^
K. P. FABBRI, Esq. (Urexel, Morgan & Co.)
S. B. CHITTENDEN.
EZRA WHITE, Esq.
Hon.
J. J.
ASTOU,
Esq.
CHAS. E. WHITE, SAM. P. BLAGDEN,
Office
MANAGERS,
54 William St.,
New
Liverpool
London
CO.,
York.
&
^ Globe
Insurance Company^
LOUIS.
in Lkadtillk, Bpeka Vista and Gunnison City, Col.; Dallas and Houston, Ter.
Sole Proprietors of the " Orininal Bndwelser."
Trademark registered In 18(7.
132 Pearl Street,
3,909.
York.
Agent.
Branches
JPINANCIAL ACENTS
O Box
&
JAinES D. WHITRIORE 4c CO.,
45 BKBKMAN STRKBT. NEW YORK.
r«»TTO!N
r.
North
AGENTS:
DERS FOR FUTURE CONTRACTS.
H. W.
New
ALEXANBER,
Bond Papers.
YORK.
Special attention given to the execution of
$8,045,468 94
St.,
NEW FORK
Whiting Paper Co.,
HOLYOKE, MASS.
Co
Ir.
1841.
Wm.Mohr. Clkmkns Fischer, h. w.Hanemanx
Son of J. T Hanemann
St
1819..
Co.,
nisccllaneous.
Mohr, Hanemann &
1,
PEARL STREET. NEW YORK.
I3«
losses, etc
NET SURPLUS, Jan.
No. 2 Cortlandt
JAS. A.
both In New York and LIVERPOOL, on reasonable
terms, and proflts paid as soon as realized in either
market.
Knoop, Uanemann
Unpaid
18T9
16,914,147 79
tit000,000 00
1,617,189 PS'!;-251,499 00—^,868,683 85
1,
...
J
X-iberal advances on consinnments of Cotton for
Sale in New York or Liverpool. Especial attention
given to Sale and Purchase of Future Contracts,
late of
Re-insurance fund.
Tainter,
&
Secretary.
Company
Insurance
.
COTTON BROKERS,
COMMISSION MERCHANT,
niARTIN, President.
jr.
J.H WASHBCRN,
iETNA
GENERIE, COTTON ISERCIIANTS,
97 PEARL STREET, NEW YORK.
Geo. Copeland
8,429 88
t«,390.233 89
Total
Capital...
bought
M urdoch,
New
Waldron
poli-
cies issued at this office
Total Assets. January
'
New York and Liverpool.
111 Pearl Street,
Premiums due and uncollected on
LIVERPOOL,
Receive consignments of Cotton and other Produce,
and eiectite orders at tlte Exchanges In Liverpool.
Represented in New York at the ofllce of
flieiiara.
end sold on Commission
t329,e8* 45
llrst lien on
1.862.9S8 00
real estate (worth $4.144,930)
value)....
8.724,500
00
United States stocits (market
Bank and riiilroad stocks (market value) 330,576 25
191,350 00
State and municipal b'ds (market value)
liOans on stocks, payable on demand
652.350 00
(market value »1)06,896 49)
83,310 47
Interest due on 1st July. 1880
14S.103 68
Balance in bands of agents
66,103 16
Real estate
COMMISSION MERCHANTS,
17 tVater Street,
KIKE INSURANCE:
in Banks
Bonds and mortgages, being
Cash
F.BABCOCK&CO.
A dvances made on Consignments to
Me«»r». FINI.Alf,
of
tion of Pollcy-Uolders of
CHAS.
B.
ronnissiON merchants,
S»uth William
$6,390,233 89
ASSETS
United States, available for the PAYLOSSES by FIRE and for the proteo-
in the
MENT
Co.,
Special attention given to the Purchase and Sale
of Contracts for future delivery of Cotton also,
execute orders Tor Purchase and Sale of Stocks and
Bonds for Southern account.
GENERAL.
8
BANK
(SlAXIN'S SAVINGS
Vork.
Receive Consignments of Cotton and other produce.
lilBKHiAL ADVANCKS MADE.
Special attention given to orders for the purchase
and sale of Contracts for Future Delivery of Cotton.
1(>6,39I 83
1,366,888 06
Cash Assets
Held
&
P. Billups
J.
C. F. Hohorst & Co.,
COTTON
COTTON
COMMISSION MERCHANTS,
COMMISSION MERCHANTS,
Nos. T4 dc 76 Wall Street,
N*. 125
$3,000,000 00
1,856,954 00
Reserve for Re-insuranco
Reserve for Unpaid Losses
Net Surplus
SOmnARY OF
HARRIETT.
H.
BROADWAY.
OFFICE, 119
FUty-Foarth Semi-annual Statement,
dellTerj of cotton.
CBAB.
Company
Insurance
CASH CAPITAL
LOANS MADE ON
Special attention paid to the execution of orders
HOME
gHOWINQ THE
CONDITION OF THE COMPANY ON THB FIRST
DAY OF JULY, 1880.
York.
SECITHITir.
Llbeiml adrances
31, 1880.
InsurHfice.
COTTON
COMMISSION MERCHANTS,
76 \rall Street,
NEW
[JoLY
OF
Co.,
BVDWEISER L,AGERBEER,
m
BOTTLES,
made from imported Saaser Hops and choice
Bohemian Barley, universally acknowledKOd the
best and healthiest Beer In the world. Warranted
to keep In all clioaates. Agents wanted in all towns.
A»k yofwr Qrocer for Conrod'a Budweiser.
at
COTTON COMMISSION MERCHANTS AND Works
Orient, L. I
BANKERS,
S4 BROAO STREET, NEIV YORK.
Atlantic
The
•
45 William St>
JAKES
HENRY
PULSFORD,
Eureka"
Resident Mannger.
W. ITATON, Deputy Manager.
GEO. W. HOYT,
Asst.
Deputy Manager.
Lyom'^nerctal
" Orient."
&
E.
Virginia
Special attention given to Investment aecuritie
E.
S.
Jemison
&
Co.,
BANKERS
AND
OOTTdN COMMISSION MERCHANTS'
No. 10 Old Slip, New York.
Fertilizing Co.
offer their standard brands
Union
Ca
(OF LONDON),
Ahmoniated Sons Sl'Perfhosi'Hate of Limb,
and
ALFRED
"OBIKNT COaPLETE MANUBE,"
And want
a good working agent in every thriving
cotton-growing county. Apply (with reference) to
GREKSHAWr, PreaH,
Crenshaw warehouse,
Blcbmond, Va.
Ins.
PELL,
Resident Manager,
W^. G.
JIOODT
ft
JEMISON,
Gtaregton, Texas.
3r
&
39 Wall Street
@FedFRASER