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MAGAZINE,
MERCHANTS’
HUNT’S
gt WjerfeJij §kwjstrape*,
REPRESENTING THE
INDUSTRIAL AND COMMERCIAL
INTERESTS OF THE UNITED STATES.
NO. 471-
SATURDAY, JULY 4, 1874.
VOL. 19.
trusted
CONTENTS.
under
the 4 Constitution to
the Congress of the
States, still the late discussions at Washington and
legislation which is their fruit show very clearly that the
powers of Congress over the currency require some cheeks
United
THE CHRONICLE.
Our Financial Changes, and
they are Progressing
Close of the Fiscal Year
I
how
1
2
3
Moiety’s Last Gasp
Financial Review of the Month
of June....
Reserves of the National Banks
Commercial and
3
.
5
5
6
-May r, 1874
| Resources and Liabilities
| Debt Statement for June, 1874..
Latest Monetary and Commercial
! English News
I
News
.....
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Miscellaneous
.....
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Philadelphia Banks, National
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Quotations of Stocks and Bonds
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Investment and State, City and
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THE COMMERCIAL
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Cotton
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TIMES.
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Enough of these institutions, it is said, will vol¬
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OUR FINANCIAL CHANGES AND HOW THEY ARE
The
bill
on
agent for the
Great Britain.
PROGRESSING.
to the operation of the
the National Banks and on the general
uncertainty which prevails
Finance
as
offer a renewed illustration of the neces
sity of removing such important parts of the social organ¬
ism from the perilous risk of meddlesome legislation.
Although parliamentary government is the most perfect
of all known forms of polity it has this single defect that
there are in some cases no bounds to the powers of the
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parliament has more of this dangerous power than is en¬
monetary system,
are
irksome.
44
are
WILLIAM b.
which the
price for them. They would have
without submitting to the Govern¬
ment inspection.
Every now and then these gentlemen
grumble and threaten to leave the national system. But as
nothing comes of these complaints the public have ceased to
regard them. Instead of taking the bold step of leaving the
national system, our banks will probably* most of them, be
content, it they make any changes, with simply retiring part
of their notes, and selling out their bonds at the high prices
now ruling,
To what extent even this change will be
carried is doubtful; inasmuch as the banks are evidently
inspired with a wholesome caution, and when once a bank
has given up its circulation, it probably cannot get its notes
back again, however much it might wish to resume its
discarded privileges.
As to the reserves, the Comptroller of the Currency has
written a letter, in which he says that his “ construction of
the act of June 20, 1874, in reference to the reserves of the
National Banks, is that the reserve upon circulation is
abolished, but that the National Banks are required to keep
a reserve upon deposits, as provided
in sections 31 and 32
of the National Bank Act. A certain proportion of this
reserve must be kept on haud, and a certain other propor¬
tion with their reserve agents in the city enumerated in the
sections referred to. The banks are also required to keep
amount equal to five per cent of their circulation on
an
deposit with the Treasurer of the United States, which
tages without paying the
the Government prestige
THE CHRONICLK
2
[July 4,1874.
.
r
ness of the
country. = The actual receipts of the Treasury
be deducted from the aggregate amount of tha
from all sources have not been made up, but they have
reserve required to be kept on deposit.’’
In conformity
with this arrangement the country banks are not drawing evidently exceeded the estimates, while the aggregate ex¬
down their balances from their city agencies as rapidly as penditures have fallen short. The .official figures of the
estimates were as follows: Customs 160 millions Internal
was expected.
Revenue 94 millions, other sources 12 millions! Total re¬
Mr. Treasurer Spinner, on the 25th June, sent to all the
Natfona! banks a circular requesting them to deposit their ceipts $268,953,492, but of this sum had to be paid a total
estimated expenditure of $291,643,642, which would leave
five per cent reserve.
In estimating the circulation on
a deficit of over 22 millions.
It is gratifying to find that
which the percentage is required, each bank is to include all
if the panic and the needless repeal of taxes have con¬
its own notes, whether outstanding or not; and the banks
sumed our suplus they have not left U3 with the expected
have the privilege of sending their greenbacks by express
amount may
deficit at the end of the year.
Washington at 25 cents per $1,000, under a contraict with
We explained last month how the Government circulation
the Treasury Department, which includes all points within
had increased during the year from 400 millions to 428
the United States u accessible through established express
millions. There has been a slight decrease in June, but the
lines reached by continuous railway connection,” but does
not extend westward beyond Omaha and Nebraska City and greenbacks have been constituted a permanent part of the cur¬
Atchison and icavienworth, nor does it include the lines of rency. The progress of the unfunded debt since January is
shown in the subjoined table:
Wells, Fa^go & Co. in Missouri and Iowa. The contract
to
the lines of the following express
covers
compapies : Adams,
American, Merchants’ Union, Central, Ear^ Eastern, Harnden, Hope, Howard, National, New Jersey, Southern, Union,
United States, and United States & Canada.
Redemption Agencies
will gradually reduce the country balances in our city
banks, but this movement will ba the less conspicuous, as it
is started during the dull months of the summer.
The
Treasurer has expressed his willingness to accept in payment
of these five per cent deposits drafts on New York, Boston
or Philadelph a, payable in greenbacks.
It is said that a
remittance of national bank notes for redemption would do
Of
as
course
well
as a
the discontinuance of the
remittance of
greenbacks, because national bank
equivalent to greenbacks when presented for
redemption. Whether such a remittance In national bank
notes would be accepted under the rules of the Department,
notes
the
are
public is not as yet informed.
As the amount of national
bank notes for which the 5 per
required amounts to 354 millions, the
greenback reserves for this purpose will amount to $17,700,000; and the Treasury, it is said, will not find this sum
large enough, but will require in emergencies a larger
amount from its ordinary working balance.
If this should
so turn
out, we shall have another of those unlooked for
results of which this bill has been already promising so iercent reserves
tile
a
crop.
CLOSE OF THE FISCAL YEAR.
The Secretary of the Treasury begins the new fiscal year
by offering 179 millions of new fives, for which sealed pro¬
posals will t e received up to the 23d instant. The announce¬
ment, which we print in full, is regarded with some surprise,
although sundry rumors have been floating about in regard
to it for some days, and a strong Syndicate of foreign capi¬
talists desire, it is said, to make themselves masters of the
whole issue. The appearance of this announcement has
prompted a good deal of discussion as to the state of the
Treasury, and its doings in the fiscal year just closed.
Several questions suggested, by this
new loan find
their solution., in the Debt Statement, which will be
found on another page.
The pensions and some other
heftvy payments fall due at the close of the year, and the
customs being light in June, it has been - supposed that we
should have somewhat augmented the public debt. This
has rot been realized.
The principal of the debt shows
during the month a decrease of $2,180,190. This makes
the total decrease for the fiscal vear $4,730,472.
On the
whole this is a satisfactory exhibit, and it is the .more grati¬
fy ing.because it arises from the elasticity of the Internal
It^venue, which for several reasons is one of the best rough
tests we can apply to ascertain the recuperation of the busi¬
.
-
are
31 Arch., 1874.
31 May, 1374.
30 Ju;i<U874.
$381,794,029
Fractional currency....
47,793,833
Four per cents
678,000
$382/76,837
$382,076,777
$3S2,000 000
49,102,600
45,881,295
Past due debt
15,176.550
Accrued interest
46,538,620
678.0G0
4,321.200
33,804,093
31
Jan., 1873.
Greenbacks
30,415,576
6,852,800
29,676,601
Navy pension fund....
14,000,000
14,000 000
45.C04.000
37,045,000
433.179,500
$534,861,488
$519,431,998
$514,153,187
85,359,369
86,121,329
81,958,980
$449,502*119
678,000
3,216,590
38,939,037
14,000,000
Gold notes
-.
Total....
Less
gold balances
14,000,000
,22.925,100
$506,940,072
-
74,205,304
balances.
4,781,205
$433,310,519
4,526,451
$133,199,207 $432,734,768
11,177,703
14.576,010
Net unfunded debt....
$444,720,914
$128,784,063
$421,021,504
'
Total...,.
Less currency
...
$419,835,491
greenbacks, as will be observed, now stand at 382
millions, in conformity with the recent finance law, and
the currency balance in the Treasury has been increased
three millions. Some persons have regarded this locking-up
of currency in the Treasury as a “contraction” of the cur¬
rency, and have argued that because this contraction in
June of three millions has provoked no stringency in the
money market, therefore a like contraction at any other
time would be equally incapable of bringing forth evil
fruits.
These gentlemen point also to the example of the
French currency, which has produced no stringency as
they truly tell us, though it has been contracted from
2,807 millions of francs on the 12th of June, 1873,
to 2,470 millions on the
11th June, 1874. Here, they
say, triumphantly, is an instance
which proves that
there is no necessary sequence between curn ncy contraction
The
and monetary
tightness.
,
678,000
What these gentlemen thus tri¬
umphantly overthrow is a theory which nobody holds who
has the least knowledge of the subject.
Contraction of the
currency, like other sharp tonics, may be very good and
wholesome, or it may be intolerable and ruinous. All de¬
pends on the time and the method, and the skillful gradua¬
tion of the amount to the exigencies of the case.
Thus in
18G7 Mr. McCulloch
contracted the greenbacks in
the sum¬
But trying the same plan in
the fall and winter he did, so
much damage that all further power to contract was taken
from him by the law of Feb. 4, 1808.
It is a principle too
well established and too generally understood to need ex¬
pounding in this place, that cur mercantile business demands
in busy seasons 50 millions more of currency than dim g
the quiet parts of the year.
The healthy proc ss of taking
in the surplus currency when it is not wanted our friends
with great advantage.
the less propitious time of
mer
should not call “
contraction,”
nor
should they express sur-.
prise that the process does not disturb the money market,
but rather helps it.
As to the currency balance, Mr. Bris.
tow has done quite right to increase it, and he may with
advantage raise his balance to a .considerably higher level.
With regard to the gold balance it compares as follows
with
previous returns ;
TO JUNE, 1874.
May 81, ’73. June 30, >73.
GOLD OWNED BY THE TREASURY, JANUARY
Jan. 31, *74. Mch. 81, ’74.
Gold balances
$85,359,369
.
45.004,000
Gold circulation....
Total owned by
Treasury. $40,355,369
30,415,576
Accrued interest...
The
$86,121,329
37 045,000
$81,958,980
$49,078,829
$48,779,480
33,364,093
33,179,500
29,676,601
$51,380,204
38,939,087
larger aggregate of gold than for some time past, and is
amply provided for the payments of the July interest, which
are reported as follows :
JULY INTEREST
PAYABLE ON PUBLIC DEBT.
Interest
Principal.
Loans.
$6,500'
$260,000
18,415,000
1858
1881’e
552,450
28,350
945,000
Oregon
1881’s
1881’s
...
1865 consols.
1867 consols..
1868 consols
5,679,640
2,250,000
6,079,893
9,318,732
1,124,220
189.321,359
75,000,000
202,663,100310,624,400
37,474,000
$25,039,735
$834,702,850
Total
debt funded
and unfunded has declined in
January, when it reached its maximum, as
subjoined table:
since
amount
shown in the
FUNDED AND UNFUNDED
Jan. 31, *74.
DEBT, JANUARY TO JUNE,
Feb. 23, ’74
Mch. 31, ’74.
1874.
May 81, ’74.
*
June 30,’74.
$494,021,054 $505 697,550 $509,243,450
.1,218,728,150 1,214,663,150 1,214,663,150
$510,279,000 $510,62-1,050
1.213,967,900 1,213,624,700
Unfunded...
1,712,749,200 1,720,3: 0.700 1,723,906,600
444,720.914 434,515,366
428,7S4,C68
1,724,246.900 1,724,262,750
421,*121,538 419,835,491
Total debt.
2,157,470,114 2,154,880,C66 2.152,690,668
2,145,268,438 2,143,088,241
Fives.
Sixes
TotAl
spots in our body
tion
:
all others
politic. For there is this great distinc¬
merely instances of stealing from or
were
$74,205,304
22,825,100 cheating the Government, but this moiety system was
foregoing figures snow that the Treasury holds a
The total
3
THE « CHRONICLE
July 4,1874.}
figures it appears that the condition of the
public debt, and therefore of the Treasury, is much more
gratifying than had been anticipated at previous part of the
last fiscal year, which has been on several accounts one ol
From these
the
of the laws of the land and all the power of the Govern¬
steal from and oppress the citizen. Here is a wide,
a vital difference.
We can afford as a nation to have funds
taken from us by evil men ; it is only the losing of so much
money, which a brief period will make good again. But we
cannot afford to permit oppression or extortion under official
sanction.
Such laws could only be tolerated in a darker
age and under a despotic Government.
Yet this work, according to our idea, is not completed.
The repeal has been accomplished by the personal exertions
using
ment to
obligations to them.
The extremely able argument of Mr. Schurz, the clear con¬
vincing evidence of Mr. Dodge, besides the efforts and evid¬
ence of many others, have removed this modern inquisition.
But the matter should not be left thus.
The Massachusetts
Statesman writhes under this repeal; let us have a committee appointed by the next Cjngress to inquire into and
discover if possible what it is in this repeal that is pinching
him so; and all the other chief participators in this fraud,
let us have them up and find out where the money went,
and wherever the la# was exceeded make them pay it back,
This is all possible; it only requires tne continuance of the
persistency and wisdom hitherto used in this investigation.
Great good may be thus accomplished and the recurrance of
such evil practices—even if a bad law should by fair ruean9
or foul be again placed upon our statute books—will become
of
a
few
men.
We
are
under great
impossible.
Finally, if it is the verdict of the people that this statute
passed since the -war.
was a bad one, and that it was oppressively and wickedly ex*
eculed, we think there can be no doubt but that the Govern¬
MOIETY’S LAST GASP.
ment should at least return its portion of the pluuder to those
It is a well-kno’an truism that neither the law nor its to whom it rightly belongs.
No public good can be served
executer finds any favor in the eye of the offender.
Hence, by retaining two hundred and fifty thousand dollars, or half
very little wonder has been felt at that closing, parting gasp that sum, because there are deficits of about fifteen hundred
of the Massachusetts Statesman against the moiety reform dollars in duty payments out of an importation covering
and Mr. Dodge, the chief victim of the defunct system.
Ii forty millions of dollars. Besides, there are some very hard
was an
unpardonable offVnce for the members of that firm cases where the fines imposed, without any intentional fault
to show any sign of not liking to be robbed of two hundred
on the part of the person fined, have resulted in financial
and fifty thousand dollars; worse still was it to become ruin.
All those wrongs should be righted, and we trust that
chief witness against the law and against those sucking doves our merchants will not suffer the matter to be quieted, but
that fatted off it.
And although it sounds a little boyish with the meeting of Congress will again be prepared to pur¬
and puerile tor a full-grown congressman to brand the sue it until the right of an officer to rob the citizen under
whole race of God-fearing men as imposters and hypocrites
color of law is negatived forever.
because, forsooth, this firm did not turn the other cheek, or
give those Government spies and their abettors their shirts
FINANCIAL REVIEW OF THE MONTH OF JUNE.
when they took from them their coats, still the public can
The great event of the month just closed, in a financial point
forgive the learned congressman’s weakness and worse taste of view, was the agreement by both branches of Congress upon
while they are rejoicing in the blessed results obtained.
a new currency bill
and the signing of the same by the Presi¬
dent.
This occurred on Monday, the 22d of June. The effect of
We notice that Messrs. Phelps, Dodge & Co. have seen
fit to answer some of the charges which welled up out of this the passage of the bill was almost instantaneous, especially on
the Stock Exchange, where it was received as an infl<tion mea¬
pure-minded Massachusetts Statesman’s breast; it was cruel sure, although upon subsequent consideration its ultimate effect
and unci aritable of their, thus to expose him further, for they was looked at in a somewhat different light. The matter has
leave him in a very pitiable condition. But it gives him an met with a full discussion at our hands, and our readers have
occasion to repeat his beautifully classic idea that all been given our views in late issues of the Chronicle. If the
merchants are liars and all Christians are cheats, so to him whole question of the finances had been left to be decided at the
winter session of Congress, and the President appeared to be in
there will be some compensation ; and we shall expect to
favor of this, there is hardly any doubt that there would have
see at the next session of Congress a few more squirmings
been an equally marked improvement, for the whole business
and contortions of these wounded but only half dead victims
portion of the country had already suffered so much from the
of this repeal, whose only desire is to re-enact a measure on uncertainties of the situation that upon being freed once more, a
which they have so long feasted and fatted.
general feeling of relief prevailed, and transactions were charac¬
terized by a greater degree of confidence than at any time since
They will fail, however. The country feels a wonderful
Congress convened. The monetary situation continued easy and
relief in being rid of that whole system, and it will never
extremely low rates ruled until after the enactment of the cur¬
knowingly return to it, or anything similar. To us the rency law. The changes necessitated by the banks incident to
exposed frauds and extortions under it, exhibit a worse this, in connection with the enlarged volume of business on the
evil than any which has been brought to light during the past Stock Exchange and the favorable outlook in regard to the crops,
year, most prolific as the year has been in unearthing plague stimulated the demand for capital, and rates advanced from 2@3
the most critical
through which the National finances have
[July 4,1874.
THE CHRONICLE
cent on call to 405 per cent, although they later settled back
3@4. The legal reserve of the banks fell from $22,191,150 to
per
to
$18,023,450, but the final weekly exhibit,
20535421
which reflected the
according to the currency
circulation
abolishment of reserve on
lawful requirements of $24,405,000.
Under the provisions of the new act, the Third National Bank of
this city reduced its circulation from $800,000 to $500,000, and the
American Exchange Bank has given up $100,000 of its circula¬
tion, other banks are said to be making preparations to take a
similar course. It does not seem likely that the changes wrought
by the bill will derange the finances to any considerable extent.
The retirement of Secretary Richardson which took place early
in the month, not having been unexpected, occasioned little sur¬
prise and was favorably received in business circles. The suspen¬
sion of Turner Brothers, a well-known and long established
banking firm, had a depressing effect for a time, but, as previously
stated, the passage of the currency bill changed the whole current
bill, showed
an excess over
of
speculation.
The calling in of $5,000,000 more of the 5-20s of 1862 just pre.
vious to the retirement of Secretary Richardson had comparatively
little effect on Government bonds, as it soon leaked out that
$5,000,000 of the new five per cents had been secretly disposed of
against the same. This was succeeded by a sharp run down in
the price of 5’s of 1881, but the whole market was firmer in tone
towards the close under the influence of easy money at London
and
the
portion of the July
prospective re-investment of a
interest.
PRICKS OP GOVERNMENT
1862. 1864. 1865. 1865. 1867.
new.
117
115% 117
115%
114%
116%
114% 116%
114% 116%
115
....
..
..
.
....
....
120% 114%
....
....
..
.
114
S
.*.'’
116%
....
....
.
-
...
.
13.
14.
15.
i6
.; ii6%
17.. ..114
116%
114
116%
114
....
S
113%'
113%
....
119% 120% 120%
118% 120
120% 120%
....
114%
114%
....
118%
....
iii‘
120% 120%
120%
...
....
...
126% !.’;
120%
114%
114%
113% 115
....
.
....
,s
21
i H4% 115
121% 121%
120% 121% 121%
120% 121
22
....
114% 117% 122
117% ...
..
117%
27.
28.
29
30
.
117%
114% 117% 118
114%
...S
118
114%
117
117
Open’g 115% 116% 121% 115% 117%
High’st 115% 117% 122
115% 117%
Lowest 113
116% 121% 113% 116%
Closing 114
117
122
114% 117
The
sented
...
....
121
120% 121
120%
.
....
118% 119%
118% 120%
117% 119%
118 120%
120%
121%
119%
121
114
115%
115%
i
120% 113% 114
120% 120% 121
120% 121
114
115%
113% 114
120% 114% 114%
121% 114% 114%
120
113% 113%
121
113% 114
114%
115%
114%
115%
dealings in State bonds were limited, and the majket pre.
no features of interest.
The volume of business in rail¬
also below the average, although there was
improved tone towards the close, when prices advanced, tlie
Pacific issues in particular having evinced strength. The negotia¬
tion of railroad loans abroad was an important feature in this
road mortgages was
an
months of May
•
■
and June
,
.,
:
—May.
*
Cleve.,Col., Cin. & Ind..
Cleve. & Pittsburg guar.
Columb., Chic. & Ind. C.
64
88%
Dubuque & SionxCity..
60
21%
Del., Lack. & Western.. 106%
Erie
do preferred
Hannibal
34%
67
89
21%
109%
60
36%
61
61
& St. Joseph.. 30%, 31
do
pref. 33
33%
97
15%
1%
106%
102
107%
102
33%
53%
40%
58
97%
65
67
87% 87%
18% 19% 19
106% 109% 109%
' 60
60
34%
35%
33%
61
61
55
25
27% 26%
30% 33
31%
64
87%
127%
98
129
101%
Long Island
Marietta & Cin., 2d pref.
10
10
Michigan Central
77%
77%
75
76%
97
94%
96%
Mobile & Ohio
Morris & Essex
94%
New Jersey
122%
N. J. Southern
4
N.Y. Cen. &H.R
98%
N.Haven & Hart. 132%
do
Ohio & Mississippi
26%
pref.
Panama
Pitts., F. W. & Chi.guar
47%
37%
107
93%
Renssalaer & Saratoga..
Rome & Watertown....
St. L., Alton & Terre H.
do
pref
St. Louis & Iron Moun..
St. L..K. City & N. pref.
110
80
125
Tol., Wab. & Western..
Union Pacific
97
77%
97
73%
74%
74%
65
8
73
10
' 10
18
97%
124% 122% 124
98%
4
95%
131
26%
22%
41
108%
103%
7
133
47%
94%
110
80
40
35
93%
110
80
7
98%
132%
24%
40%
41
107%
94%
110
80
.
..
32
22
38
27
125%
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal..
Canton
Cent. N. J. L.
Mar’ p’ sa Land
do
& Mng Co
pref
Wells, Fargo
Del. & Hud. Canal
4
4
96% 1C0%
127% 130%
21%
40
26%
44%
93%
94
27
24
27
25
40
41%
106% 111
106% 106%
80
80
10
10
....
#
•
•
•
...
...
%
89%
*
44%
48
73
48
17
73
48
42%
41%
43
48
50
15%
17%
75%
15
19
69
39
15
70%
73%
70
69
55
72
55
*
,
3%
.
23
26“
30
30
99
107%
61%
.63%
67
76
67
75
116%
116
%
19
285
19
3*’
76
117
124% 124%
48
17
76
52
19
75
18
94
%
45%
43*'
116%
18
93
43
40%
99
62%
67
Adams
American
United States
.
8
77
38%
28%
45%
26%
35%
109%
63%
67%
•
.
65
23
44%
52
16
73%
43
....
•
,
65
8
72
29
37
27%
4%
•
.
55
23%
29%
39%
29%
37
23
35%
QuicksUver
do
pref
18
97%
....
28
69
75%
•
125%
34%
25%
I. Co
77
87%
19%
110
67%
65
8"
77%
28%
41%
34%
43
61
101%
77%
30
Miscellaneous—
Atlantic Mail
Pacific Mail
Am. District Tel
Atlantic & Pacific Tel...
Western Union Tel....:
Consolidation Coal
58%
43%
33%
124% 124%
4
4
98% 101
132
138
24% 26%
40
48
41% 42
106% 111%
94
95%
110% 110%
80
80
10
10
41
34%
104
106
105%
39%
26%
55
28%
32%
28%
30
20
22
20
125
93%
16%
1%“
108%
34%
30
....
v
55
27%.
&1%
129
128% 129
125% 126%
94
98% 98% 99%
98%
97
92
92
91 , 91
128
101%
97
76%
Harlem
Illinois Central
do
scrip.,..
Lake Sho. & Mich.South
Jane.
97
93%
16% 13%
%
1%
108% 106%
104
100
107% 106
105% 100%
41% 31%
60% 51%
44% 35
62% 53
102% 92%
78
65
87% 87
20% 14%
110% 106%
Open. High. Low. CIob.
Open. High. Low. Clos.
94% 94% 94%
Albany & Susquehanna. 94%
Atlantic & Pacific pref.. 15
16
13% 16
1%. ' 1%
Boston, Hartford & Erie
1%
1%
Central of New Jersey.. 105
107
105
106%
Chicago & Alton
103
102
103
101
do
pref.. 107
107
106
106%
Chicago, Burl. & Quincy 103
102
102
103
Chicago, MU. & St. Paul 37%
37% 31% 33%
do
do scrip 72
72
72
72
do
do preL
48
53
53
53%
do
& Northwest’n 46%
89%
47
40%
do
do pref. 66%
66%
57
57%
& Rock Island. 99%
do
99%
94%
97%
RailroadStocks—
Stouington
120% 120% 114%
119%
119%
118
..
113% ....
116% 117% .... 120%
113% 113%
117% 119% 119% 120
113% 114%
120%
113%
113%
113% 114%
120%
117%
121% 113%
113%
118% 117% .... 120% 120%
113% 116%
117
117%
120% 120% 113%
113%
113
i
117%
.
ii.3%'ii6%‘
8
5-20s 10-40s 10-40s 6s
1868. reg. coup. cur.
.
road, dispelled, in a measure,
represent a large amount
Pacific of Missouri
120%
114% 114%
120% 120%
117% 118%
....
names
do
.
5-20s 5-20s 5-20s 5-20e 5-20s
115%
115% 116%
115%
1
1874.
JUNE,
-Coupon bonds.
,
5s ’81 fund. 6s’81 6s’81
June
coup.
reg. coup.
IN
SECURITIES
this belief, as the new
of the securities of the company.
The following table will show the opening, highest, lowest and
closing prices of railway and miscellaneous stocks during the
tors to the
69%
55
45
4
5
25
29
107%
63%
19
285
73
55
45
4%
5
25
29
108
79%
117%
69
40
17
285
67
55
45
3
3
25
29
105
75%
43
17
.
4%
3
25
29
107%
60%
69
67
79%
119
285
73
55
45
64
67
17
15%
79
116%
61
69
79
118%
The decrease in the export move¬
Grant’s ** memorandum ” to Senator
ment, followed by President
Jones of Nevada on specie payments, caused a weak feeling,,
under which the price of gold fell from 112^ to 110-J-, and the
short interest increased materially. This latter caused a better
demand for cash gold, which became worth a consideration for
use, and proved an element of strength to the market, assisting
the rise to 112, wbich succeeded the passage of the Currency bill.
The lack of speculation and the near approach of the July dis bursements, as well as the promulgation ol the Treasury pro¬
gramme for July, which announced the eale of $5,000,000 gold,
occasioned a reaction to 111. The Treasury sold $5,000,000 gold
Gold
was
exceedingly dull.
department early in the month.
The stock market pending the settlement of the currency ques¬
during June.
COURSE OP GOLD IN JUNE, 1874.
tion was quiet, with alternate periods of strength and weakness.
fct)
ta
A bearish feeling predominated,however, and the Turner Brothers’
.9
.9
Date.
'5
‘Si
.a
Date.
failure was made the pretext for a heavy raid on the entire list,
*
o
£
o
Q,
o
o
5
6
Hi
o
under which prices broke 1 to 7 per cent. Many unfavorable
O
s
O
111%
reports were set afloat to make the depression still more marked, Monday
1 112%!ll2 !ll2% 112^, Wednesday.. 24 111%;111% 111% 111%
but the enactment of the currency question was an element that Tuesday.... 2.112%. 112
112% 112 | Thursday ....25 lll%!lll% 111% 111%
26,111% llll%;ill^
Wednesday.. 3 112 111% 112 ,111%'. Friday
the bears were unable to withstand, and the recovery was deci¬ Thursday.... 4!lll%|lll% 111%|111% Saturday
27!lll%;Hl%illl%!lll%
28
j
..
..
5 111%|111% 111%|111% Sunday
sive and more important than the decline.
The “ short ” interest Friday
29(111 '111 Jill 1111
6!lll% 110% 111% 110% Monday
Saturday
Tuesday
30 lll%|lll
having been large, the purchases by outsiders were supple, Sunday
71
Monday
8 110% 110% 110% 110%
mented by tbe demand from the small, and some large, bear
Tuesday
9,110% 110% 110%, 110%
June, 1874
112%T10%'112%'111
Wednesday...10 110%,110% 111% 111
operations. There was a reaction on the last days of the month, Thursday.... 11:111 110%:lll%|lll
1873.... 117% 115
118% 115%
1872
(114% 113 |114% 113%
the natural result of realizations. Erie was conspicuous for wide Friday
12 110% 110%!lll% 111%
1871
.111% 111% 113%,113
Saturday
13 111% 110%jlll%;110%
114% 110% 11434 111*
fluctuations in price.
1870
The changes were largely in sympathy
1869
138% 136% 139% 137%
Monday
15 110% 110% H0%,lin%
with the course of the shares at London, where tbe fluctuations
1868.
139% 136% 141% 140%
Tuesday
16 110% 110% 111% 111%
1867
136% 136% 138% j 138%
were wide and frequent.
The ratification by tbe directors and Wednesday... 17 in%llll |lll%|lll%
1866..... 140% 137% 1167% j 153%
138 j 135% j 147% 1141
stockholders of tbe Atlantic and Great Western lease to Erie Thursday... 18 111%111 ,111%,111
1865
111% 111%
Friday
19 111%(111
194
193
250
247%
1864
Saturday
20 111% 1111% 111% 1H%
had less influence than was expected. Wabash was also excep¬
1863
146% 140%; 148% 146%
Sunday
2D ....I ....
1862
103% j 103%. 109% 109
tionally irregular under a batch of unfavorable rumors. It was Monday
22 U1%|111% 112 111%
112
111% iS’ce Jan. 1,1874 110%|110%i 114% 111
33|112 |111%
said that the Company would be unable to meet its July and Tuesday
The free negotiations of railroad loans abroad weakened
August interest obligations, but the election of three new direc_
ID
ID
r—«
....
jlll%|lll
“
“
“
...
THE
July 4, IS74J
CHRONICLE.
foreign exchange, more especially as money was extremely easy
London, the Bank of England reducing its rate of discount to
2^ per cent, the lowest rate for a long while past. The quota¬
tions were very uniform, having been altered only on one or two
occasions during the entire month.
CLOSING
PRICES OP CONSOLS
at
(50 days.
3 days.
June 1..4.88 @4.88# 4.91 @4.91#
2..4.88 @4.88# 4 91 @4.91#
“
3..4.88 @4.88# 4.91 @4.91#
“
“
“
“
“
“
“
“
“
“
“
“
mon.
5-20, 5-20,110-40
’65 o. 1867.i
Date.
Monday
Tuesda’y.
1874.
...
...
...
“
.
•
2
3
4
5
6
7
.
“
.
“
“
7
S
8..4 87#@4.88# 4.90#@4.91#
“
“
4.9u#@4.91
4.90#@4.9l
4.91 ©....
4.90#@4.91
@1.88# 4.90#@4.91
9..4.37#@4.8Sv
4 87#@4.88
11..4.88#©....
12..4.88 @....
13..4.88
for
“
4.90#@4.91#
5..4.87#@4.S8# 4.90#@4.91#
6..4.87#@4.88# 4.90#@4.91#
.
Cons U. S.
for
5-20, 5-20, 10-40
mon. ’65 0. 1867.
Cons U. S.
Date.
“
4..1.87#@4.88#
10
8. SECURITIES AT LONDON IN JUNE.
93# 107# 109# i 104# Saturday
20
21
x92#H07#,109# 104# Sunday
3 days.
60 days.
Wednesday..
22
92#|l03 rl09#il04# Monday
4.91 @4.91# Thursday...
June 17. 4.88#@4.89
92# 108# 110 |104# Tuesday
23;
4.91 @
18..4.88#©...
92# i 108# 110 j 104# I Wednesday.. 241
Friday
19..4.87#@4.88# 4.90#@4.91
Saturday
92#'108#, 110# 1104# I Thursday ...25!
20..4.87#@4.88# 4.90#@4.9l
26
Sunday
i
1 - • i Friday
*.
21
S,
8 92# 108# 110# 104# Saturday
27 >
Monday
22. 4.87#@4.68# 4.90#@4.91
28
Tuesday
91 92# 108#!110# 104# ! Sunday
23..4.87#@4 88# 4.90#@4.91
29
Wednesday... 10| 92# >108 ; 110# 104# Monday
.30
24..4.87#@4.88# 4.90#@4.91
Thursday.... 11/ 92# j 108#, 110# 101# Tuesday
25..4.87#@4.88# 4.90#@4 91
92# 1108
107# ,105
Friday
121
26..4.87*4@4.88# 4.90#©4.91
Saturday
131 92# 108# 107#: 105
27. 4.87#@4.88# 4.90#@4.91
Sunday
14 j
Opening
28
S.
Highest
Monday
151 92# 108# 107#'105
i Lowest...
29..4.87#@4.88# 4.90#@4.91
105#
Tuesday..
16 92# 108# 108
30..4.87#@4.88# 4.90#@4.91
105# Closing
Wednesday.. .17| 92#! 108 1108
Thursday.... 18 92#; 108# 108 105# | High’t. I Since
Range... 4.87#@4.89
4. 90#@4.91# Friday
191 92# 108 108# 1105# iLowest j Jan. 1.
STERLING EXCHANGE POR JUNE,
“
AND U.
92# 108# 108
92#
92#
92#
92#
105#
108# 108# 105#
108# 108# 105#
108
108# 105#
107# 108# 105#
93# (107# 108# 105#
93# 1107# ! 108#; 105#
92# 107# 108#’105#
92# 108
108# 105#
“
....
“
“
“
“
14
S
15..4.88 @4.88# 4.90#@4.91
16.. 4.88#@4.89
4.91 @4.91#
93# 107# 109# 1104#
93# ‘ 108# 110# (105#
92# 107# 107# 1104#
92# 108 1108# 1105#
93# 110 1110# ,105#
91# 106# 1107# 1108#
RESERVES OF THE NATIONAL BANKS—MAY 1, 1874.
Table
State
Lawful Money Reserve
of the National Banks of the United States, as shown by the
reports of their condition to the Comptroller of the Currency, at the close of business on May 1, 1874.
of the
of the
Classification of Reserves Held.
Due from
—
Number
of
Circulation
Ratio
of
Reserve.
Banks.
Held.
Deposits.
required.
Maine
63
231
$14,176,032
$2,126,405
$3,277,618
42
22 3
New Hampshire
1,680,047
7,527,410
1,129,112
42
7-81
Vermont..
10,742,135
2,008,190
1,611,320
Massachusetts
225
166
60,903,036
9435,455
13.681,158
Rhode Island
62
18 5
21.073,534
3,161,030
3,890,033
22-0
Connecticut
80
7,034.269
31,964,404
4,794,661
205
221
New York....
75,018,370
11,252,756
15,387,817
New Jersey -22
62
29,058,387
4,358.759
6,604,934
19 9
158
Pennsylvania
54,957,659
r
8,243,649
10,944,755
176
Delaware
11
513,360
2,914,236
437,135
23 8
19
641,416
Maryland
4,276,112
1.019,481
38*1
District of Columbia
1
252,483
99,498
663,349
173
22
8,471,122
1,270,668
1,465,263
Virginia
17
170
West Virginia
844,067
4,959,591
743,939
North Carolina
11
208
4.893,306
912,958
658,996
264
12
South Carolina
4,553,292
682,994
1,199,944
13
203
4,387,459
658,119
892,459
Georgia
371
9
Alabama...
2,406,702
361,005
892,812
441
8
Texas
2,334,061
1,030,189
350,109
162
2
Arkansas
72,589
449,353
67,403
19 7
30
8,257,274
1,628,704
1,238,591
Kentucky
23’5
23
Tennessee
8,327,811
1.249,172
1.953.699
231
157
Ohio
37,941,507
8.765,074
5,691,226
-12
91
Indiana
28,023,132
4,203,470
6,035,860
24 9
118
Illinois
25,896.554
6,452,128
3,884,483
18-1
73
12,788,738
1,917,561
2,407,388
Michigan
233
42
Wisconsin
1,633,164
7,011,024
1,051,654
7-32
75
Iowa
14,955,561
2,243,.334
3,544,225
191
31
Minnesota
1.648.699
8,623,211
1.293,482
229
Missouri
28
5,710,265
1,310,065
856,540
19 7
25
Kansas
805,663
4,081,015
612,152
States
and
and
Reserve
Reserve
Territories.
Specie.
$35,919
81,141
1,183,167
8,785,207
52,600
288,232
2,202,904
4,299,860
9,313,983
31,205
145,667
206,007
88,308
69,225
«-
4,015,140
5,046,946
.
211,367
115,308
704,731
678.128
502.220
423.789
18 244
3,075,208
2,810,928
3,753,161
1,013,597
849,642
1,727,843
82,688
90,832
64,565
2,609.402
28,586
120,000
25,000
1,355,205
10,000
19.722
743,800
1,779,596
849,569
556,545
407,012
317,340
57,520
20.000
763,987
36,786
35,143
731,904
21.616
394,948
3,703
5,916
97,603
226,072
$112,637,640
$23,157,945
$25,579,848
2,516,387
3.671,991
185,616
$92,631,780
10,065,548
51
7
29
16
18,522.480
47,103
749
18,056
1,120
62,314
30,380
18,759
114,200
21 7
$00,112,230
$2,431,605
$47,613,805
$2,480,000
27-6
36 5
$12,385,585
$2,947,852
6,927
397,856
$7,286,411
$2,960,000
271
5,016,450
4,630,620
2.244,204
9.933.620
3,559.220
3
8
6
5
6
37,086
25,055
5,892,744
30,697,308
1,320,874
1,049,493
2,869,998
26-7
30 9
26 9
$33,669,031
308
286
328
3
4
7
4.940.620
3,397,076
10,677,312
177
$283,364,624
$70,841,156
$83,258,765
29 4
48
$234,842,112
$58,710,528
$69,971,985
2
$4,439,960
$1,109,990
$990,949
47,130
...
San Francisco
required in California Gold Banks, 25 per cent
required, 25 per cent.
on
circulation and 15 per cent on
48,920
357,622
11,514
274,560
755 800
500,000
7,083,996
3,236,589
2,146,307
4.640,000
100,000
1,700,000
276,974
1,196,412
6133,652
862,000
397,662
2,841
1,624,526
17,944
581,402
11.868
1,065.000
2,999,622
55,441
6,490,008
477,328
480,863
1,253,934
23,978
25,000
535,000
819,568
515,400
1,595,460
20,(XX)
223
Detroit
Milwaukee
fat. Louis
City
1,900,255
29-8
18
Total
378,513
667,001
3.371,227
934,155
3.539,470
1.683,270
10,080,071
561,051
2,483,405
889,805
2,873,993
11,495,972
2,409,264
4,609,748
1,630,941
2,f,39,388
29 7
339
262
1,473,186
7.674.327
1,235,155
849,269
2.669.328
..
Chicago
Reserve
t Reserve
1,424
151,623
21,824
-03
6,743,317
5,575,753
14
22,303,012
Washington
*
15,917
383.086
Redemption.t
New Orleans
Louisville...
Cincinnati
Cleveland
New York
44,9.6
376,938
82,240
34,839
4-92
16.731,600
57,003.728
14,250,932
Baltimore
70,000
692,333
1,056,873
5,607,177
3,014,101
Oregon
Albany
Philadelphia
Pittsburgh
-
8,696
443,704
$77,801,463
719
10,000
,47.763
23 5
10
766,960
3,257.467
488,020
31*6
1
1,078468
340,739
161,725
213
3
♦California
250,101
1,274,898
270,998
13 2
2
New Mexico
489,445
64,444
73,417
32 0
9
2.852.263
911,647
Colorado
427,840
177
3
Utah
940,298
166.456
141,045
60.643
279
2
217,711
32,657
Wyoming
-22
1
175,070
39,880
Idaho
26,260
-91
1
Dakota
19,879
104,235
15,635
19 6
5
206,894
Montana
1.053,795
158,069
$518,283,992
36,249
220,284
475,229
491,525
609,552
575,024
354,313
386,116
63,626
857,675
Nebraska
1,751
133,000
739,824
849.0613
-
op
550,564
36,069
12,204
42,847
274,588
10,000
160,000
1,025,000
25,000
50,000
775,000
50,000
80,000
30,000
271,351
16,494
385,364
Deposits.
$20,000
481,360
612,423
3,582,719
1,630,924
2,538.742
5.092,827
2,451,486
5,748,584
20.713
342.344
of
$1,095,978
20.024
4,175
U. S.
Certificates
Tenders.
Kig
448,893
.
Total
Cities
Boston
Legal
redeeming
Agents.
$2,125,721
1,107,546
33,230
20,604
1,035,000
$48,684
$4,211,157
$33,863,5.77
$11,515,000
$23,642,964
$20,199,021
$26,130,000
$912,865
deposits.
RESOURCES AND LIABILITIES.
Table
of the total
Resources
and
National Banks of the United States, December
Liabilities of the
February 27, 1874,
and May 1, 1374.
resources.
Loans and discounts
Overdrafts
U. S. bonds to secure circulat’n.
U. S. bonds to secure deposits..
U. S. bonds & sec’rities on hand
Other stocks, bonds *fc mortg’s..
Due from red’ming & rcs'c a<_ds
Due from other national hanks.
Due from State b’ks & hankers.
Real estate, furniture & fixtures
Current expenses
Premiums
Checks and other cash items....
Exchanges for clearing house...
Bills of other national
Bills of State hanks
hanks.,.
Fractional currency
Specie
Legal tender notes
4,226,236 56
3,797,901 62
389,014,700 00
14,600,200 00
389.248,900 00
14,890,200 00
11,043,400 00
25.305,736 24
10,152,000 00
.,
Capital stock.
4,088,112 82
388 984,400 00
14,540,200 00
8,627,950 00
24,271,521 94
72,784,446
40,396,347
11,153.532
35,472,591
9,113,485
7,971,934
12,310,196
95
78
91
48
78
96
40
62,881,342 16
21,369,635 00
31,723 00
2,284,235 88
26,833,677 03
U. S. certifies of dep’sit for L. T.
Total.....
No. of Banks
Feb. 27, 1874.
Dec. 26, 1873.
May 1, 1874.
$851,904,167 66 $894,061,698 84 $919,258,917 97
104,866,788 00
27,802,000 00
101,502,861
36,624,001
11,496,711
36,043,741
7.016,275
8,723,628
10,269,955
62,768,119
19,972,336
30,915
2,309,919
33,365,863
102,717,563
37,235,000
58
39
47
50
75
77
50
19
00
00
73
58
00
00
25,460,460 20
94.017,603 31
41,291,215
12,374,391
36,708,066
7,547,206
8,680,370
11,948,598
94,878,218
20,636,358
24
28
39
05
84
31
92
00
37,094 00
2,187,186
32,569,969
101,702,930
40,125,000
59
26
00
00
26, 1873,
LIABILITIES.
Dec. 26, 1873.
Feb. 27, 1874,
May 1, 1874.
$490,915,211 00 $490,859,901 00 $490,077,101 00
Snrplus Fund.
rp
Undivided profits.
120,899,364 19
57,759.192 00
123,497,347 20
50,236,919 88
125,561,081 23
54,331,713 13
National bank notes outst’ding.
State hank notes outstanding..
340,962,226 00
1,130,585 00
339,602,955 00
1,078,988 00
340,088,649 00
1,229,857 00
1,269,474 74
1,291,055 63
2,257,558 91
Deposits of U.S. dishurs’g olFrs.
539,898,277 70
7,572,275 07
4,346,581 58
595,350,334 90
7,276,959 87
5,034,624 46
649,268.298 85
7,904,422 27
3,297,689 24
Due to national hanks
Due to State banks and hankers
114,952,094 41
36,555,507 10
138.435,388 39
43,112,223 40
135,640,418 24
Notes and hills re-discounted...
Bills payable
Due to C. House for loan cer—
3,811,437 89
3,326,137 41
3,448,828 92
4,275,002 51
4,581,420 38
4,772,662 59
Dividends
unpaid
Individual deposits
U. S. deposits
Total
1,727,826,414 091,808,500,529 16 1,867,802,796 18
No. of Banks
1,978
1,974
1,975
48,682,924 34
3.928.000 00
1,727,820,414 09 1,808,500,529 161,867,802,796 18
1,974
'
1,975
1,978
68.5-2's
STATEMENT FOR JULY, 1874.
The following is the official statement of the public
as appears from the books and Treasurer’s returns at the
of business on the last clay of June, 1874:
debt
close
*
EXCHANGE AT LONDON—
3,757,375 34,706,(H'5
except
(e) Heg,
$100
$50, $100, $5u0 &
Aggregate of debt bearing inter’t in coin. 743.121,550 976,131.200
(a) Interest payable Jan.& July. (6) way-& Nov. (c) March & .-ept.,
eoupo* s $50 & $ 10) paid annually in ''arch, (d) Feb., May, Aug. & Nov.
fl.OUC.
$5,000; coupon fl.OUC. (/) Keg. 1,000, $5,000, $10,000; coupon $1,000. (g) $50,
& $500. (A) Keg. $50, $llX), $500, $1,000, $5,000 & $lJ,00U; coupons,
'
'
$1,000.
Interest In
Lawful Itloney.
Principal.
LATEST
ON
Antwerp
Hamburg
2lu.lH>0
14,000,000
678,000
9,040'
Aggregate of debt bearing interest in lawlul money
$14,678,000
$219,()4j
Debt on Which Interest Has Ceased Since Maturity.
Interest
Principal,
$64,174
$57,66a4 to 6s, Bonds
Matur’d at vari’s dates prior to Jan. 1, ’37.
85
1,104
Matured at various dates in ’51
and ’52...
22
223
1,250
Matured Dec. 31, 1867
6s, Bounty L scp ...Matured July l, 1849
5’s, Texas indem....Matured Dec.31, 186-4
5s of 1858
Matured after Jan. 1, 1871
5s, Bonds
Matured Jan. 1,1871
6a, 5-20s. (called) ...Matured Dec. 1/71. and Mch. 7 & 20, 72..
Matured at various dates from ’33-’4l....
l-l()@6sTr. notes
l-10<*6sTr. notes....Matured at various elates in’47 and "48...
6’s, Bonds
3,(00
174,(XX)
131,(00
10,000
9,450
1,£61,150
•
....
•
•
•
•
T
.
•
•
f
t
2,000
Matured at various dates in ’48 and ’49...
Matured at various dates in ’58 and ’59...
Matured March i, 1863.,
Matured Aug. 19 and Oct. 1, 1861
5s, one year
Matured at various dates in 1865..
5^8,2 years
Matured at various dates in 1866
6’s, Com. int. n’s....Matured June 10, ’67, and May 15, ’68
7 S-10’8,3 years
Matured Aug. 15, 1867, and June 15 and
Tr’y notes
57
108
378
3,150
19,200
"1,7.5
52,850
415,210
1.4-7
3.75'
3.458
83,0^8
-
228.450
18.681
5,000
78,560
5,000
7,313
$3,216,590
$226,6.1
July 15, 1868
6's, Certif. of ind....Matured at various dates in 1866
4, 5 & 6’s, Tem. 1
Matured Oct. 15, 1866
8s, Certifs. (called).Matured monthly since Dec. 31, 1870.....
313
894
Bearing no Interest.
Authorizing acts.
Character of issue.
July 17.1861, and Feb. 12, 1862
Demand notes
Feb. 25 and July 11. ’62. and March 3. ’63.. U. S. legal-tender notes
Amt.
outstand
$76,732
,332,000.000
58,760,(00
49tf@i9tf
Buenos
Ayres..
Valparaiso.
.
44
3 mos.
short.
•
•
•
short.
•
.
s
...
•
...
Is. 4 \id.
1 s. 10*d.
4.<?. 3d.
5s. 9 d.
Hong Kong...
•
Shanghai
•
•
....
.
$4 83per £.
25tf
25@25tf
49
26tf@26tf
51*@5ltf
1*. 10* a.
....
6 mos.
•
•
•
.
•
•
....
June 18.
June 15.
June 18.
June 13.
,
.
•
27. G5
....
May 8.
April 27.
..
days.
•
days.
days.
GO
90
May 8.
May 15.
Pernambuco
Montevideo...
60
•
short.
.
June 19.
June G.
•
.-
Calcutta
•
.
6.22*
llbtf
4*
....
....
Bombay
...
11.19
3 mos.
June 19.
,
@28.20
•
25.22
....
....
....
@28.20
28,10
25.24
20.15
44
52tf@52tf
@28.20
28.10
28.10
....
•
Is. 10 S—16c/.
4s. 4d.
6s.
•
....
,
Penang
..
.
Singapore-....
•
Alexandria....!
•
•
April 28.
4s. 3d.
'
•
•
•
»
*
....
•
*
*
*
•
-
•
_
....
[From our own correspondent.]
London, Saturday,
206
950
@20.59 !
25.17tf@25.27tf
20.54 @20.59
ll.42tf@11.47tf
S.25tf@ 6.2G
119tf@120
32 7-l6@32 9-16
1*90
short.
June 19.
20.54
0
•
30,242
2,(>70
625
82,575
6,000
8@6’s, Tr’y n’s
6’s, Tr’y notes
7 3-10’8.3 years
Debt
•
•
short.
Paris
3 months.
Paris
Vienna
Berlin
Frankfort
St. Petersburg
Cadiz
90 days.
Lisbon
3 months.
Milan
Genoa
Nanles
New Fork
Rio de Janeiro
Bahia
RATE.
TIME.
DATE.
short.
ll.18tf@ll.19JI
3 months. 25.50 @25.55
Amsterdam.,.
.
Interest.
RATE.
TIME.
-
ON LONDON
EXCHANGE ON LONDON.
JUNE 19.
8’8,Navvoen8ion..*ct Iuly 23, ’68 .Int. only appl’d to pens’ns.
4s, Certll’s of indebtedness.. Act July 8, ’70. .Due in 1375
5s.'Mex. indem
EXCHANGE AT LONDON, AND
AT LATEST DATES.
RATES OF
.
Debt Bearing
Commercial Ciiglisl) Nemo
latest Rloiietarn antr
THE DEBT
Debt bearing Interest In Coin.
Interest Acern’d
Autlioriz"Wtien
Overdue. Interest.
Character of Issue,
.* c;.
Pay’ble Registered Coupon. $
(a) $6,5(0
June 14/58
1874
5s of 1858
(e}$26U,000 1,617,000
19,929 (a)552,45 i
«3of 1881
Feb. 8, ’61. ...1880 (/)*.3,768,000
7.010
(a) 28,350
(r/) 945,000
6s, Oregon War
Mar 2, *61... .IKSi
—
216,554 '«) ,6;9,t>4U
63 531,9 0
6s of 1881, July 17and Aug. 5. ’til ...1881
f 125,781)400 151,013,300
449,4z7 (6)1,676,547
16,-41, iOG
Feb. 25,’62.... 1882
’« *
6s, 5-20’s, ol 1802
81,346 (a>2,2 )0,000
53,631,350 21.363,650
6s of 1881
Mur. 3, ’63 ...1881
17S.MF0 (Cj3.2i2.738
J41.214.200 53,3)3,100
58, 111-408
Mar. 3, 64 ...1901
2,573
(6) 1,166
246,600
6s,5-20s, of 1864
Mar. 3, ’61.... 1884
IP,034 (6)581,4*2
25,027.550 31.01 ,650
6s, 5-208. ot 1861
June30,’64....18S4A 33.729,500 118,804,850
691.551 (6)1/25,313
Cs,5-208,lSii5..
Mar. 3. ’65.... 1835
65 ,417 (a)6.079.8 3
56.885,1*50 J 15.778,050
6s,5 20s, ;80 >, new
Mar. 3, ’05
1885
995,736 (a9,3:3 732
87,822,550 222,301,8'0
i*. 1867
Mar, 3, ’6.....1837
129,111 (a) 1.124,220
13,936,SOU 25/37,500
1868
Mar. 3, ’65.... 1883
2 2,821 (d/2 631,672
5s, Funded Loan, 1831. J uly 14, ’70,.. .1881 1,17) 472,450 137.328.3UJ
6s.
[July 4,1874.
the chronicle.
6
June 20, 1874.
supply of money continues to increase, and there being
inquiry the Directors of the Bank have further reduced
the minimum rate of discount to 2^ per cent, while the joint
stock banks and discount houses only allow
per cent for
money at call, and If per cent if with seven or fourteen days’
notice of withdrawal.
It is about three years ago since the Bank
rate was at so low a point, it having been reduced to that point
on the 12th of April, 1371.
On the 15th of June in that year it
was lowered to 2£, and on the 13th of July to 2 per cent, at which
The
but little
figure it remained for a period of ten weeks.
The present indications are that a reduction to 2 per cent will
July 17,1862
.
Fractional Currency.
> 45,881,295
March 3,1863. and Juno 30,1864
Fractional currency
) 22,325,1(0 take place before the Autumn demand sets in. Trade is extremely
March 3, 1863(ln $20,50,10U, 500,1,0005,000).Certifs. for gold deposited
Aggregate of debt bearing no interest
.
$509,543,123 quiet in every department, and gold continues to arrive from
Becapitulation.
nearly every quarter, and to be retained here. The supply of
Amount
Tntprpflt
Outstanding. lntere8tgold at the Bank is rapidly accumulating, for in addition to a
Debt bearing Interkst in Coin—Bonds at 6 p. cent
$1,213.6:4,700
Bonds at 5 p. cent
510,628,050
sum of £629,000 sent into the establishment during the week
Total debt bearing interest in coin
$1,724,252,750 $3S,463,440 from external sources, a sum of £300,000 has been received from
Debt bearing Interest in Lawful Money—
Certificates at 4 per cot....
provincial circulation. This latter movement appears to be
$678,000
Navy pension fund, at 3 per cent
14,000,000
increasing, which is due, no doubt, to the contraction of trade.
219/40
Total debt bearing interest in lawful money
".
$14,678,000
226,671
Excepting in the woolen department there are no symptoms of
Debt on which Int. has ceased since Maturity
3.216,590
Debt bearing no Interest—
revival, and there appear to be but few hopes entertained of an
Demand and legal tender notes
$382,076,732
Certificates of deposit
5w.76.),iXlO
active Autumn trade.
Much will, no doubt, depend upon the
Fractional currency
45,831,295
Certificates of gold deposited
„....
22,825,100
weather and the harvest, about which some uncertainty just now
Total debt bearing no interest
$509,543,123
exists.
29,834
Unclaimed Interest
.—'../
Throughout the week the demand for money has been of a
Total
.*
$2,251.690,468 $33,939,087
Total debt, principal and interest, to date, including interest due not
very moderate character, and pieviously to the reduction in the
presented for payment
$2,290,629,555 Bank rate the quotations in the open market were fully one-half
Amount in the Treasury—
Coin
$74,205,301
Ciurrencv
14,576,(10 per cent below those current at the Bank. Even now, with 2£
Special deposit held for redemption of certificates of deposit as
provided by law
58,760,(XX) per cent as the official minimum, the Bank is underbid, rates of
Total
*117,541,314 discount be;ng as under:
per Q0xitPer cent.
Debt, less amount in the Treasury, Julyl, 1874
2,143 083,241
Debt, less amount in the Treasury, June 1, 1874
2.147,268,438 Bank rate.
4 months’bank bills
2tf
2*@2tf
Certificates of deposit
JuneS. 1872
Decrease of
debt during the past
Decrease of debt since
,
$2/80/96
$1,730,472
month.
June 30,1873
Bonds Issued to the
Open-market rates:
Pacific Railroad Companies, Interest
The rates ot
Payable in Lawlul Money.
Character of Issue.
Interest
accrued
outstanding. and not
Central Pacific
Kan. Pac., late U.P.E.D.
Union Pacific Co
Ceti. Br’ii Un. Pacific..
Western Pacific
Sioux City and Pacific...
Amount
$25.8*5.120
6,303,000
27,236.512
1,600,000
1,970/ 60
1,623,320
yet, paid.
$776,553
1*9,0 (0
8 ?,* 95
4S.0UO
59.116
43,849
Interest
paid by
United
Interest
Balance of
repaid by
int. paid
transp’tion by Unitea
States.
of mails, &c.
$8,698. 86
2/36.6 >8
9.433,018
637,808
545,1:29
536,155
$1,'» 9.542
States.
$7,595,494
1. 91,5 2
1.245.080
2,816,174
6,676.861
610,7:58
535,662
5.5,313
27/49
9,867
»
-7,811
$22,386,091 $5,258,036 $17,134,655
The Pacific Railroad bonds arc all issued under the acts of July 1, 1862. and July
2,1864; they are registered bo ids, in denominations of $1/(00, $5,090 & $10,000 ;
bear six >er c nt i Merest in currency, payable January l and July 1, and mature
Total Issued
80 years
$64,623,512 $1,933,705
from their dat•*.
has declared its forty seventh semi-annual dividend, payable at the bank, corner of
Broadway and Bleecker street, on and after the third Monday of
July. The continued success of this old and well known institu¬
tion reflects great credit on its able management, placing it
among the standard financial institutions of New York.
—We notice a change in the banking firm ot Messru Walker,
Andrews & Co., 14 Wall street, Mr. George Walker retiring. The
new firm consists of Edward JR. Andrews. W. Mackay and Henry
Trumbull, uuder the firm-name of Andrews, Mackay & Co., New
York, and Andrews & Co., Paris.
—The Manhattan
.
Savings Institution
interest
allowed by the joint-stock
discount houses for deposits are
as
follows
banks and
one-half per cent lower, and are
:
Per cent.
ltf@....
1V@.
ltf@ ...
1%®....
Jointstock banks
Discount bouses at call
Discount houses with7 days’notice
Discount houses with 14 days’notice...
A feature in the
ties” shows
a
Bank return is that the
further
45 per
The
total of “ other securi¬
diminution of £207,347, and is
£22,495,891 last year.
£17,792,274, against
reserve
2 >4 @3
2tf @3
G months’ bank bills
4 and G months’trade bills.
2*
2tf@2?s
30 and GO days’bills
3 months’bills
to liabilities is now
only
The proportion of
rather more than 48 per cent, against
cent last week.
following
abroad
are
the rates for money at
the leading citie
:
Bank
rate,
Paris
Amsterdam
percent, percent.
4
3tf
3tf Stf
Hamburg
Berlin
Frankfort
Viennaand Trieste....
Madrid, Cadiz and Bar¬
celona
Lisbon and Oporto....
4
Bank
2tf
2tf
Turin,
...
Florence
6
7
7
5tf
3tf
4*
5tf
3tf
4*
4tf
and
Bremen
5
6
5tf
5
6
....
Antwerp
5
market
percent, percent.
St. Petersburg
Brussels
Rome
3tf
Open
rate,
Open
market,
Leipzig
'
Genoa
New York
•
....
4tf
5
4tf-6
Annexed is
a
CHRONICLE
THE
July 4, 1874 ]
statement
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40 Mule yarn fair second qualitj ,
and the Bankers’ Clearing House return, compared with the
four previous years :
of
1873.
£
1874.
25,316.275
10,216,647 12,208,947
25.272,412
1871.
£
1870.
£
Circulation, including
bank post bills
22,936,031
1872.
£
•
£
Other deposits
16,341,433
Government securities. 13,017.279
19,257,237
12,989,490
16.518,978
13,315,702
16,537,330
13,398,934
26,025,057
8,134,337
18.486,719
13,913.774
Other securities
Reserve of notes and
coin
Coin and bullion in
both departments....
Bank-rate..
Consols
19,240,889
16,816,837
19,858,311
22,495,891
English wheat..... ....
Mid. Upland cotton....
No.40 mule yarn fair 2d
48s.
10 %d.
Wheat
Barley
41
30
deposits
11,858,862
14,011,880
24,047.474
17,861,747
13,190,967
13,502,763
21,649,665 26,408,277 * 23.586,803
3 p. c.
2% p. c.
3 p. c.
92d.
92% d
92% d.
0
92%d.
58s. 4d.
8 13l6d.
ll%d.
8# d.
IMPORTS.
1873-74.
Price June 11.
The bullion market has been very
Over £1,000,000 in
quiet.
for
is
the
d.
S.
per oz.
per oz
peroz.
standard.
standard, 77 9 @
standard. 77 11 @
@
peroz
peroz..
3%@
76
d.
Bar
Bar
Silver, Fine
per oz.
Silver, containing 5 grs. Gold.per oz.
Fine Cake Silver
Mexican Dollars
no
peroz.
peroz.
Spanish Dollars (Carolus)
per oz..none
Five Franc Pieces
Notwithstanding
markets have
10%@
11 %@
standard, firm.
do. last price.
108.111
85,298
17.856
103.U64
10,428
2.323
6,803
2.458
7,968
5,041
1,413,875
52,963
33,150
21,062
20,306
78,307
Oats
Peas
Beans
Indian Corn
Flour
....
....
....
....
the
per oz..none
ease
of
no
no
here.
.
price
9%@
here.-
d.
....
-
....
price,
price.
the stock
dull tone has
the money market,
been devoid of animation, and a
3,042,658
15,377
...
s.
3,612,710
2,160,333
SILVER.
t
2,524,544
15,531
d.
8.
9 @
77
14,369.813
5,415,369
13,477,616
5,292,878
1,555 763
11,627,983
449.073
Abell:
GOLD.
771.691
2,748,757
2,166,196
16.268.539
Barley
depressed, and have declined Id. per ounce.. The following
quotations for bullion are from the circular of Messrs Pixley &
Bar Gold
Bar Gold, flue
Bar Gold, relinable
South American Doubloons
United States Gold Coin
768,880
Wheat
have been
dollars
Mexican
Continent.
6,890,531
6.441,471
EXPORTS.
gold has arrived during the week, of1 which the larger proportion
has been already sent into the Bank. The arrivals of silver are
small, and the market is firm at fully late rates. The chief
demand
957.571
Indian Corn
Flour ...;
4%d.
Is. 2d.
*ls. Id.
Is. 2%d. Is. l%d.
Clearing House return. 74,755,000 101.304,000 130,995,000 131,646,000 136,269,000
-*
12.136,839
8,731,434
1,200,784
Peas
Beans
Is.
quality
8,158,418
Oats
1870-71.
25,563,702
8,003,641
35,239,591
Barley
*8 15-16d.
1871-72.
30,465,160
10,302,244
1872-73.
cwt. 32,611.883
Wheat
61s. 4d.
58s. 6d.
59s. 7d.
s.
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from Sept. 1 to the close of last week, compared with the
corresponding periods in the three previous years:
23,625,634
2% p. c
92% d.
6 p. c.
1870.
s. d.
46 1
33 1
22 0
1871.
d.
59 7
35 11
26 10
1872.
s. d.
58 S
34 10
23 4
The
11,959,990 12.995,734
21,851,190
1S73.
d.
58 4
35 4
27 8
e.
5
Oats
17,792,274
Public
1874.
b. d.
61 4
showing the present position of the Bank
The
.
114,493
120,071
.
17,919
64,112
1,342,756
following statement shows the extent of our exports to
during the first five months of the present
the United States
and last two years:
1874.
842,573
1873.
1872.
936,130
£159,010
981,066
£114,390
Beer and ale
18,474
21,477
Copper, unwrought
Copper, wrought or manufactured.cwt.
yds.
Cotton, piece goods
Earthenware, &c
31,719
42,905
Alkali
....
Apparel and slops
£108,527
19,638
223
506
859
1.252
89,795,613
£328,943
72.785,906
£326.775
£843,825
£813,979
£239,936
£685,749
£380.578
£363,846
£264,888
94,000
54.195
23,220
32,564
19,520
tons.
221.033
Iron, hoops, sheets & boiler plates.tons.
Iron, tin plates
Iron, cast or wrought
Iron, old, for r< manufacture...
tons.
Steel, unwrought
....tons.
Lead, pig, rolled, &c
Linen, piece goods
Steam engines
Paper, writing and printing—
Paper, other kinds, excepting hangings
12,820
102,452
12,095
1,957
52,445
1,787
—
Haberdashery and millinery...
Hardware aud cutlery
Iron, pig
Iron, tar, &c
Iron, railroad
63,766,050
44,537
6,044
24,950
9,254
40,948
1,922
53,618.9:7
1,030
51,649,560
£159,658
17,873
£276,152
19,154
£93.599
5,178
5,352
57,725
2.594
93,493
5,131
72,002
43.392
5,535
35,688
10,390
3,283
60,086,020
and articles of papier mache
Salt
Silk broad stud's
yds.
.value.
Silk riobons
Other articles of silk only
Articles of silk & other materials.value.
10,651
3,250
5.497
289.002
233,777
476,334
The principal movements have been in Erie and
£19.180
£11,475
£45,423
76,304
Atlantic &,» Great Western securities, which have been heavily
54,073
48,154
29,8-48
46.605
123,689
sold on provincial account. The decline in these has been con¬
19,752
31,565
30,421
Spirits, British
£17,376
£43.849
£30,740
siderable. Other American railroad bonds, ho wever, have been Stationery, other than paper..
34,609
8,244
cwt.
11,765
Tin, unwrought
83,477
427,285
1,368,571
comparatively firm. The Committee of the Stock Exchange ap¬ Wool, English
3,675.733
15 414.077
lbs.
1.646,401
Wool, colonial and foreign
pointed yesterday a special settling day in the scrip of th<3 Lehigh Woolen cloth
2,524,410
3,147.662
3,692,004
35,327,730
50,6i >7,678
46,420,441
& Wilkesbarre Coal Company, and the paid-up scrip of the first Worsted stufls
1,998,640
2,630,717
3,365.380
.yds.
Carpets, uot being rugs
mortgage six per cent sterling bonds guaranteed by the Central
Railroad Company of New Jersey, which securities will now be
English Market Reports-Per Cable.
quoted in the official list. The loan for this undertaking was
The daily closing quotations in the markets of London and Liver¬
introduced a few weeks since by Messrs. Thomson, Bonar & Co.,
pool for the past weekdiave been reported by submarine telegraph
and has met with complete success, notwithstanding some hostile
-criticisms regarding American enterprises, and the depression in as shown in the following summary: London Money and Stock Market.—Ten-foities have experi¬
the market for Erie and Atlantic & Great Western bonds.
The
enced a decline of £ ; lS^s and 1867’s are higher, and new fives
success of the loan has, however, been greatly assisted by the
guarantee of the Central Railroad Company of New Jersey close at last Friday’s quotations.
The bullion in the Bank of England has decreased £40,000
United States Government securities have been firm, and the
quotations have had an upward tendency. The closing prices during the past week.'
Fri.
Wed.
Thnr.
Tues.
Mon.
of consols, and the principal American securities at to-day’s
Sat.
prevailed.
..
.....
market
are
Console for money..
subjoined:
“
Consols for money
92%@ 92%
United 8tat.es 6 per cent 5-20 bonds, ex 4-0 ..
...
103% @103%
do
1865 issue
...
...168 @108%
1867 issue,
do
.
...xd.lOS @108%
do
5 per cent. 10-40 bonds, ex 4-0
. .......
105 @105%
5 per cent Funded Loan, 1871, ex 4 0
do
...
—104%@104%
Atlantic and Gt West., 8 per cent. Debent’s.Bischoflsheiirx's ctfs.. 45 @ 47
Ditto 2d Mortgage, 7 per cent bonds
24 @26
Ditto 3d Mortgage
11 @ 12
Erie Shares, ex 4-0
23%@ 24%
do preferred
Ditto6 per cent. Convertible Bonds,..
Ditto 7 per cent Consolidated Mortgage Bonds
Ditto 7 per cent Convertible Gold Bonds
Illinois Central Shares, $100 pd., ex 4-0
New York Central $100 shares
;
Virginia 6 per cent, bonds, ex 4-0.
.
37 @ 38
93 @94
84 @86
58 @ 60
86 @ 83
89%@ 90%
35 @40
dry weather lias broken [up, and we had inutile middle of
the week nearly twelve hours of soaking rain. The wind, how¬
ever, is in the northeast, and the temperature is too cold for the
The
Roots and grass, as well as barley, oats, beans
will derive great benefit; but the wheat harvest is de¬
layed, and as our supplies are short, holders are very firm and a
tendency to improvement is apparent. No material change ha8
taken place in prices, however.
The quantity of wheat now esti¬
mated to be afloat to the United Kingdom amounts to 1,335,920
time of the year.
and peas
last year.
The average prices of English wheat, barley anJ oats
in
England and Wales, for last week, ^compared • with 'the f 5ur
previous years are subjoined;
quarters, against 1,250,540 quarters
U. S. 6s
“
32%
(5-20s,>1865,old.. 107%
“
108%
105%:
1867
U. S. 10-408
New 5a.
104%
~
108
108%
105%
104%
92%
92%
108%
108%
105%
104%
92%
92%
io:%
108%
105%
104%
92%
92%
108%
108%
105%
104%
for United States 6s (1802) at Frankfort were:
Tbs quotations
IT. S. 6s (5-208) 1862
92%
92%
92%
92%
107%
108%
105%
101%
32%
....
account
97%
....
97%
97%
....
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstufts Market.—Breadstuffs
corn quoted at a decline.
closed quiet, with
wheat and
Mon.
Sat.
8.
d.
8.
27
10
12
Flour (Western).....
bbi
Wheat (Red W’n. spr)..$ ctl
6
7
0
6
Corn
0
Peaa(Canadian).. $ auarter 42 0
“
“
27
10
ORedWinter)..... “ 12
(Cal. White club) “ 12
(West, m’d) $ quarter 36
12
36
42
d.
Tues.
8.
d.
6
27
rt
10
12
12
35
42
i
0
6
0
0
6
6
0
6
9
0
Wed.
d.
6
6
0
6
9
0
8.
27
10
12
12
35
42
Thur.
d.
27 6
10 5
12 0
12 5
35 6
42 0
s.
Liverpool Provisions Market.—Pork and lard are higher
Friday ; bacon and cheese have each fallen off in price.
Fr
b.
27
10
12
12
35
42
du
"
®
U
5
0
0
than
last
Mon.
8. d.
95 0
Sat.
d.
95 0
66 6
8.
Pork (mess) new $bb!...
Bacon (long cl. mid.)$ c\
Lard (American)....
“
Cheese(Amer’n fine)
“
45
51
69
9
0
0
66
45
•
51
68
6
6
0
6
Tues.
d.
8.
0
6
6
9
0-
95
67
45
51
68
Wed.
8.
d.
0
6
95
67
45
51
68
6
9
0
Thur.
8. d.
95 0
67
45
52
68
6
6
0
0
Fri
8.
95
67
45
52
67
d0
0
6
6
0
Liverpool Produce Market.—Fine rosin is quoted at an ad
while tallow and spirits turpentine are lower than a week
vance,
*go.
c
'
,
.
>
..
...
“
0
11
8*
«
R
(spirita).
Tallow! American)...
cwt. 39
“
“
Cloveraeed (Am.
red)..
Spirita turpentine
6
17
6
Roeln (common)... $cwt.. 6
“
fine
“
14
Petroleum (refined)... .# gal
9
37 0
28 0
6
0
11
8*
39
37
27
39
37
27
9
0
0
39
37
27
6
0
0
6
6
6
6
0
11
17
0
11
8*
39
6
0
0
39
6
37
0
lower ;
..
prices repoited unchanged.
£
a.
8ugar(No.l2D’chstd)
25 0
spot, $ cwt
# tun 99
Sperm oil
Whale oil
Linseed oil..
..
“
“
0 0
31
0 0
29
0 0
Tues.
£ 8. d.
11 5 0
61 0
Wed.
£ 8. d.
11 5 0
61 0
£
11
25 0
9900
31 0 0
29 0 0
d.
Lina’dc’ke(obi).$ tn 11 5 0
Linaeed(Calcutta)....
610
Frl.
Thur.
Mon.
£ s. d.
11 5 0
61 0
Sat.
392,645.200 16 511,200
392.740,200 16,210,200
392,604,200 16,220,200
392,515,950 16.265.200
392.656,200 16.245.200
392,773,200 16.215.200
392,880,200 16.270.200
April 4... 392,916,700 16.365.200
April 11. 392,970,700 16.465.200
April 18. 393,747,200 16.510.200
April 25. 392,869,200 16,5f0,000
May 2
392,909,100 16.535.200
May 9.. 409,530,800 16.535.200
May 16 392,980,600 16.535.200
May 23.. 393,073,000 16,560,000
June 6.. 392,719,000 16.560.200
June 13. 392,857,500 16.560.200
June 20. 392,863,500 16.535.200
June 27. 392,016,200 16.635.200
Feb. 7..
Feb. 14..
Feb. 21..
Feb. 28..
March?..
March 14
March 21
0
27
6
0
0
37
27
London Produce and Oil Markets.—Linseed oil closes
other
d.
8.
17
8*
8*
Frl. J
Thur.
d.
8.
Wed.
8. d.
6 6
17 0
H
Tues.
8. d.
6 6
17 0
11
Mon.
s. d.
Sat.
b. d.
on
ul
THE CHRONICLE
8
25 0
99 00
31 0 0
28 9 0
25 0
99 00
31 0 0
28 9 0
25 0
99 0 0
31 0 0
28 9 0
.
d.
d.
£
s.
5 0
60 6
'11
5
60
0
6
25
0
0
0
9
0
0
0
s.
99
81
28
409.150.400
409.281.900
409.435.900
410.257.400
409.439.200
409,444,300
426,066,000
409,515,800
409,633,000
409.279.200
409.417.700
409.398.700
408.651.400
Notes in
Circulation
Jan.24
Jan. 31
348,603.188
Week
Imports and Exports for the Week.—The imports this
week show an increase in dry goods and a decrease in general
merchandise. The total imports amount to $6,046,571 this week,
against $6,854,641 last week, and $10,680,141 the previous week.
$7,191,644 this week, against $6,429,678 last
The exports of cotton
the past week were 2,552 bales, against 2,365 bales last week.
The following are the imports at New York for week ending
(for dry goods) June 25, and for the week ending (for general
exports are
week, and $6,888,587 the previous week.
merchandise) June 26:
AT NEW YORK.
$1,295,686
$1,185,073
$1,432,698
$5,450,222
'$5,792,383
$8,447,831
$6,646,571
190,328,591
226,3:33,475
210,942,679
$195,778,813
$232,125,858
Previously reported....
Since Jan. 1
4,496,697
3,893,328
Total for the week..
our
1874.
1873.
$1,556,894
Dry goods
General merchandise...
In
FOR THE WEEK.
1872.
1871.
report of the dry goods
7,262,758
5,213,873
204,507,010
trade will be found the imports of
June 30:
FOR THE WEEK.
1873.
1874.
$2,733,930
$4,472,957
$5,568,681
$7,191,644
115,456,566
106,650,647
134,640,920
137,789,033
$140,209,601
$144,980,677
1872,
1871.
For the week
Previously reported..
.
$118,190,496
Since Jan. 1
$111,123,604
The following will show the exports of specie from the port of
New York for the week ending June 27, 1874, and since the
beginning of the year, with a comparison for the corresponding
date in previous years :
$25,CO^
June 23—Str. Ontario
St. Thomas... American gold
June 24—Str. City of New York.Havana
5,000
United States silver...
Mexican doubloons....
4,000
American gold eagles.
69,01)0
Spanish doubloons
2.376
Gold bars...
115,031
Double eagles.
Five kegs gold coin...
Two boxes gold bars..
One box silver bars....
Liverpool
June 24—Str. Abyssinia
June 27—Str. Penere
50,000
250,000
44,500
20,610
Gold bars
Havre
One
500
keg Am. gold coin
Silver bars
Itichmond.Liverpool
June 27—Str. City of
Panama...Aspinwall
25,800
22,278
keg gold
Twenty-six silver bars.
Five kegs gold coin....
Thirteen silver bars...
$1,020,311
y
~
1872
1871
1870
i
300
750
16,033
U. S. double eag.es
Previously reported
1873
14,000
United States
Total for the week
Total since Jan. 1, 1874
Same time in—
14.510
40,620
250,000
United States gold
silver...
Havana
June 27—Str. Cuba
50,000
Eleven silver bars
One
London
June 27—Str. Mosel
June 27—Str. City of
27,388,285
$28,408,590
I
Same time in$27,803,131 | 1869
36,637,644 | 1868
44,730,418 j 1867.
17,187,680 j 1866.
$14,688,489
48.123,293
.
.
.
24,595,662
45,493,138
The imports of specie at
been as follows:
this port during the past week have
June
24—Brig Tula
24—Brig Oliver
June 26—Str. City of Merida
Belize
Silver
Port au Prince.. .Silver
Havana
Silver
June 27—Str. Cuba.
June 27—Str. Corinth
VeraCruz
Port au Prince
June
..
Silver
7,382
Silver
3,514
Gold....
!
,873.
J872
1871
200
$20,078
$2,449,467
1, 1874.
Same time in
$9,597,838
3,958,413
1,589,049
1867
j
following forms present a sum¬
mary of certain weekly transactions at the National Treasury.
1.—Securities held by the U. S. Treasurer in trust for Natimal
National Treasury.—The
Banks and balance in the Treasury
:
Coin
Week
For
For U. S.
Circulation. Deposits.
Total.
392,410,900 1 6,360,200 408,771,100
Jan. 31.. 392,494,300 16,320,200 408,814,500
ending
Jan. 24...
348,637,504
Feb. 28
March 7
March 14....
March 21....
348,586,000
cer-
4—Bal. in Treasury.tificates.
Coin.
Currency, outst’d’g
85,949,553
3,234,362
3,002,629
89,031,885
35.255.600
7,977.097
9,583,126 35.856.600
8,724,633 35,073.700
10,548,965 32.413.600
11,492,177 30.977.600
88,611,729
87.585,337
82,999,903
81,083,263
80,189.437
80,715,577
2,730,408
4,086,124
3,781,554
3,658,803
3,021,874
40,569,200
40.627.800
40,705,700
37.176.100
35,613,500
34.931.100
33.705.800
13.327,435
29,465,300
13,780,171
29,797,400
May 23
June
June
June
June
2,261,022 45,406,3q0
6
13
20
27
998,800
889,000
_
348,695,954
348,334.389
348,571,869
349,071.057
348,977,883
349,081,083
349.086,208
349,059,558
348.858.508
349,039,869
349,132,276
348,911,683
34S,778,7:48
350,581,932
350,620,062
770,000
1,105,609
1,055,000
1,054,200
1,196,300
326,900
353,560
357,000
357,000
357.000
357,000
672,000
466,900
548,100
604,800
690,900
878,500
410,000
485,200
644,000
462,800
891,400
438,700
634,300
566,200
958,200
541,100
830,300
356,100
628,900
1,028,200
1,021,000
1,292,000
82,600
1,298,060
1,384,000
980,800
914,000
1,015,500
1,486,000
761,500
972.500
709,800
1,017,500
942,200
667,200
528,100
683,500
1,380,500
1,198,500
979,100
1,070,000
749,000
613,600
Case of Phelps, Dodge & Co.—In view of
by General Butler, in his speech, delivered iust
Tiie
made
Fractional Currency.—>. Leg. Ten*
Received. Distributed. Distrib’d*
979,800
859,600
798,500
860,000
348,618,605
April 4
April 11
April 18
April 25
May 2
May 9
May 16
816,500
889,500
the attack
before the
adjourment of Congress, the firm has deemed it best to publish
the following circular or open letter.
Happily, General Butler
did not confine'liimself to miscellaneous abuse, but made definite
charges of frauds, which the firm is able definitely and positively
to refute.
Their letter is as follows :
To our Friends and the Public:
After the full statement lierefore published of the difficulty of
our firm witji the
Customs authorities, and the subsequent ex¬
haustive examination of the whole matter by the Committee of
Ways and Means, which resulted in the entire remodeling of the
Moiety ” and “ Seizure Acts/’ we had not supposed it would be
necessary to add anything further in the way of explanation.
But in the brutal and cowardly attack made upon us during the
closing hours of Congress by Gen. Butler, certain charges were
preferred by him in his character as a Representative, upon the
floor of the House, against our firm, so definite and with so much
of apparent authority, that we feel called upon, in justice to our¬
selves and the public, to make once more a brief statement.
The charges specifically preferred, were in the main—
First : That we bad as a firm attempted to defraud the Gov¬
ernment and evade the revenue by importing metals, in the form
of works of art and statuary.
In reply to this it is only neces¬
sary to say that the importations to which Gen. Butler referred
were made before the firm of Phelps,
Dodge & Co. came into ex¬
istence, and before any one of the present or late members of the
firm became connected with the metal importing business; the
senior member cf the firm, William E. Dodge, being at the time
engaged in the drygoods business.
Second: That in the Tariff’Act of April, 1804, which tempora¬
rily increased the rates of duty on imports fifty per cent, “ Mr.
Dodge went to the Treasury and liad a comma taken out of one
place and put in another, and thereby cleared $2,250,000.”
The exact facts in respect to this charge are as follows : In the
very full revision of the Tariff', as embodied in tlie Act of June,
1864 (and not the Act of April, 1SG4, so specifically mentioned by
Gen. Butler), it was decided by both Houses of Congress, after full
discussion, that an increase of duties on tin and terne plates would
imperil the large industries already taxed under the Internal
Revenue in which tin was used for the packing of fruits, fish and
vegetables, meats and the like, and so tend to reduce, rather than
increase, the receipts of the Treasury. At the same time it was
decided to increase the duty on sheet .iron, galvanized with an
admixture of tin—which article had been imported under the
name of “ tin plates galvanized/’ and so definitely and distinctly
named in connection with and at tlie same rate as “ Galvanized
Iron ” in every successive Tariff since 1857. The bill was passed
on the 30th of June and went into operation immediately.
On
examining its provisions we found, that while the duty on “ tin
and terne plates” remained uuclianged at 25 per cent ad valorem,
the addition of a comma after the word “ plates,” in the clause
tin plates galvanized,” rendered the whole paragraph ambig¬
uous if not absurd, and apparently imposed a new duty of 2J cents
per pound, an increase of one hundred per cent on existing
duties.
Seeing how impossible it would be to enter our invoices
at two conflicting rates for one and the same article, we applied
at once to the Collector for a decision in respect to the course to
be followed.
The Collector saw the difficulty, and referred us to
Mr. Fessenden, then in New York, and just appointed Secretary
of the Treasury. We called upon him, and he immediately stated
to us and to the Collector, that he had been chairman of the
Senate Committee, and also of the Conference Committee which
had charge of the Tariff Bill in question; that he fully remem“
“
—
$2,736,732 | 1869
743,124 1| 1868
3,179,957
7,176,325
1870
.
2,423,389
Previously reported..
Total since Jan.
Same time in—
$314
11,375
432
2.831
Gold
Total for the week
Feb. 7
Feb. 14
Feb. 21
$219,890,510 $211,153,581
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
EXPORTS FROM NEW YORK
4,976,886 44,852,400
4,124,197 44,330,700
2,868,609 43,634,000
84,246,933
86,240,743
87,817,545
87,360,169
86,801,529
87,835,628
87,759,000
409,018,400
ending
FOREIGN IMPORTS
84,565,085
80,689,404
86,580,377
409.156.400
408.950.400
408.824.400
408,781,150
408.901.400
2.—National bank currency in circulation ; fractional currency
received from the Currency Bureau by U. S. Treasurer, and dis¬
tributed weekly ; also the amount of legal tenders distributed:
COMMERCIAL, AND MISCELLANEOUS NEWS.
The
,1874
1
THE
July 4, 1874.]
9
CHRONICLE.
bered the discussion as to tin plates, in which he had taken part;
that the full sense of both Committees had been that tin plates
should remain at 25 per cent ad valorem; that the “ comma” had
evidently been added by mistake in the liaBte of engrossing, and
could not be considered as the true interpretation of the law.
He accordingly ordered the Collector to pass the goods at 25 per
cent, and stated that on his return to Washington he would issue
and
steamship lines,
indicated by the
as
programme
sketched out
above, will inure very materially to an increase of the emigtation
New York direct, and to the diminution of that class of travel,
which, through certain economical inducements, has, within the
past four years, been attracted to Boston, Philadelphia and Balti¬
to
more.
49,001
The
through travel of the Erie Railway increased in 1872,
1870; and in 1873 gained 43,402 over 1872.”
persons over
special order making the construction official; and this he did
American Railroad Manual.—This handsome volume, com¬
July 22d, after taking full time for consideration piled and edited by Mr. Edward Vernon, has just been published
and consultation with his former colleagues in Congress and the for its second
year, and comes fully up to the standard estab¬
experts of the Treasury Department. As finally interpreted by lished by its predecessor. The first sight of the book is sufficient
Mr. Fessenden, moreover, the law was not in our direct favor ; to
dispel any idea which might previously entertained that, in
but, on the contrary, had the technical error been allowed to common with too many railroad publications, it was cheaply
stand and to entail a very excessive increase of duties, the ad¬
gotten up, and only for the purpose of procuring advertisements.
vance indhe price of stock on hand would have yielded to us. in
The publication is an expensive one, prepared with a vast amount
common with all other importers and dealers, a very considerable
of editorial work, and accompanied by maps, both of the whole
profit. The facts, therefore, were exactly the reverse of those LTnited States and also of the several groups of States. As a
stated by Gen. Butler.
railroad manual is essentially a work of reference, it is impossible
TniRD : Gen. Butler states that in our large and complicated to
speak fully of its merits or demerits on a short acquaintance,
business, every invoice brought day by day by us to the Custom and on first examination our remarks are necessarily limited to
House was wrongly stated, and that we were consciously and the
general style, appearance and arrangement. In selecting a
continually guilty of fraud.
few of the main points which are most conspicuous, we should
He knoirs, on the con¬ notice the
Gen. Butler knows this to be untrue.
arrangement of roads alphabetically under States ; the
trary (for, as the paid attorney of the informer, he has given extended remarks upon, the history of companies from their
attention to the subject), that after a most careful and merciless
organization; the very full reports and extended space given to
examination of some thousands of our invoices by Jayne and his
prominent companies, whose affairs are most generally inquired
•experts, aided by our own clerks bribed to injure their employers, into; and the maps above referred to. The price of this work, as
with the full use of our books and papers, there were found only of all
good railroad publications, is a mere trifle compared with
some fifty that could in any way be made the subject of contro¬
its value and usefulness to any person interested in American
versy ; and that in the case of some of these, of from twenty to railroads.
thirty thousand dollars each, the utmost possible loss to the
—Mr. John S. Wright died this week at his residence in Brook¬
Government could not have been in excess of from 80 ceuts to
line, Mass., at the ripe old age of 86 years. Mr. Wright was well
one dollar per invoice.
And furthermore, that the total loss
•claimed by the Government on all the invoices was only about known throughout the country as the senior partner of the great
$1,G00, out of an importation of some $40,000,000, and covering dry goods and commission house of J. S. & E. Wright. He was
a sou of the late Dr. Ebenezer Wright, and when a very young
the space of five years.
We believe General Butler further knows, but wilfully con¬ man he started in business at Thetford, Vt., being associated with
ceals the fact, that the same error and misunderstanding of the the late George Peabody, the renowned banker. In 1824 he came
intricate law which compelled us, under severe penalties, to to Boston, whero he was engaged several years in the manage¬
invoice our goods both at cost price and at market price, led us, ment of one of the city banks; but in 1832 he commenced busi¬
in the case of a great number of importations, to invoice their ness in the dry goods trade, having become a member of the firm
value above cost, and so resulted in a gain to the revenue, and a of Parks, Wriglit & Co. This firm was continued a number of
ioss'to ourselves immensely greater than the Government claims years, when it was changed to Wright & Whitman, and subse¬
'to have lost.
•
quently was known as J. S. & E. Wright, the house being com¬
Finally : Looking at all the circumstances and the character of posed since its first establishment witlpsne or more of the same
this speech, its constant falsifications and perversions of truth, partners. This firm, of which he was so many years the head,
and its brutal personalities, we are quite willing to leave the has always done an immense business, representing a large num¬
verdict as to its effect to any wdio have fairly looked into the ber of manufacturing companies, and its annual sales are said to
have amounted to upwards of $15,000,000.
matters of which it treats.
‘
Phelps, Dodge & Co.
New York, June 2G, 1874.
a
under date of
.
.
The Passenger Traffic
of
lowing interesting statement
“
the
we
Erie Railway.—The fol¬
American Railroad Manual” for 1874. just
“
In examining carefully the details of
published:
annual statement for
year ending September 30, 1873, the reader cannot fail to be
struck with the large percentage of increase in the passenger
business on the Erie Railway, as compared with that of the other
trunk lines, which are its competitors for business. The appended
statement will indicate very clearly the force of these remarks;
and it will be further noted by reference to the comparative state¬
ment of the source and
resulted
movement
VANIA, NEAV
STATEMENT
OP
rAHSENOER
that the increase
OF
THE
Rates for week
Road.
Fiscal
Year
Ends.
Earnings
Passenger
Earnings
N. Y. Central
Lake Shore
Erie
Rock Island
Wabash
Northwestern
Mil. & St. Paul
Ohio & Mississippi
C. O. & I c
Union Pacific
Western Union
Pacific Mail
ERIE, PENNSYL¬
Fiscal Year
Fiscal Year
1872.
1873.
Percen-
„
*
Increase
for
1873.
tago of
Increase
1873.
In connection with these remarks on the. passenger business
of the Erie Railway, it may be noted that in 1873 arrangements
were made with the various
steamship lines running between
New York and Liveipool, or Glasgow, whereby a system of
“PUTS.”
Below
Market
Price.
ending
July 10, 1874.
:
Erie
Sept. 30 $3,339,340 84 $3,651,554 18 » $323,207 34
09 08
Penn. Main Line..Dec., 31
4,202.017 88
4,300,071 40
137.653 58
03 23
New York Central.Sept. 30
0,002.007 00
0.000,450 00
387,410 00
05 07
Baltimore & Ohio .Sept, 30
2,203,034 24
2,128,928 19
*.
Decrease of passenger earnings of Baltimore & Ohio for 1873, $131,ICO 05 ;
percentage of decrease, 05 93.
“
Certificates for less than 100 shares will be issued at the same rates.
CENTRAL, AND BALTIMORE & OHIO RAILWAYS, FOR THE
1872 AND 1878.
Passenger
of
EARNINGS
CO., Stock and Privilege Brokers, 48 Broad street’
York, having contracted with responsible parties, can, for the coming
week, negotiate Stock Privileges at thc'following distance from the market
price of the stock. A Put or Call on 100 shares, including commission, will
cost $100 25, and for a Double Privilege the cost will be $212 50.
Privilege
L. W. HAMILTON &
New
YORK
FISCAL YEARS
Name
of traffic,
mainly from through and therefore competitive traffic
COMPARATIVE
BANKING AND FINANCIAL.
extract from an article in the
A copy
“CALLS.”
Above
Market
Price.
DOUBLE
Privileges.
Distance
from Market
2K
IX
1*
IK
IX
..
IK
3K
2X
3
2K
2Y
2
3
2K
2K
1*
2*
2\
2
3
2
2K
IX
2K
2K
IX
2X
2K
2X
3
of the last number of the Wall Street Reporter, containing a
full
explaining how largo profits
small risk of loss, will be mailed
report of the operations of the past week, and
arc
made in stock
free to any
speculations, with but
a
address.
COTTON CONTRACTS
Bought and sold on Commission only
prepaid orders, covering both ocean and rail passage, was inau¬
Advances made on Cotton and approved Stock Exchange Collaterals.
gurated ; and, through the friendly co-operation of these various
R. M. WATERS & CO., 56 Broad street.
lines of steamers, numbering a fleet of 85 first-class steamers, and
whose agencies, 15,000 in number, may be found in every section
of Europe, a very large increase of business will
naturally be
RAILROAD BONDS.—Whether yon wish to BUY or SELL write to
concentrated on the line of the Erie Railway.
The arrangement
HASSLER & CO., No. 7 Wall street. N. Y.
alluded to is not confined to emigrant travel, but embraces first
and second class passengers; and the
managers of the various
MONEY invested in Stock Privileges at the present time will be sure to
steamship lines, forming what is termed the “ North Atlantic
Conference,” have issued circulars to their various agents, inviting yield large returns during the next thirty days.
We are prepared to negotiate Puts and Calls on members of the Stock Ex¬
them to use their active influence in
furthering all the plans change, or equally reliable parties, at a distance of 1 to 2# per cent from the
contemplated by this agreement. It is well known that the market on tne active stocks, costing $100 for 100 shares. Double Priveleges,
Transatlantic Steamship lines bringing emigrants to New York $200 for 100 shares, time 30 days. Parts of 100 shares at same rates. Stock
have for years labored under one great disadvantage as compared speculations are carried on with privilege contracts by all the principal opera¬
tors in New York, and has become the favorite system of operating.
Losses
with the steamship lines landing their
passengers at other are limited to very small amounts, while the chance of profit is made more
Atlantic ports, namely, that the emigrant fares from New York certain. Parties entrusting us with their orders may rely on our making the
most advantageous contracts possible.
We will also make operations against
to the West have been higher than from Quebec,
Philadelphia or contracts negotiated by us, and hold contracts as margin in place of cash.
Baltimore; the result being that e Migrants could be ticketed Among the best stocks for privilege operations are Erie, Lake Shore, C. C. I.
through from Liverpool to Chicago, via either of these ports, at C.. Union Pacific, and Pacific Mail. All contracts the last 30 days on these
stocks have proven profitable ventures. The indications arc that we shall
from one to three dollars less, per capita, than
via New York— continue to have an active market. Quotations and full information will be
an item of considerable
importance. The Erie Rail way Company, found in the “Week’s Doings in Wall Street,” containing the highest and
in making this arrangement, is working
directly lor the interests lowest prices of stocks for tne past ten years, with a general review of the
of the city with whose prosperity it is so closely identified ; and it present and prospective market. Copy mailed free to any address.
TUMBRIDGE & CO., B^pkers and Brokers,
is believed that a mutual concession on the part of the railway
2 Wall street, corner Broadway, N. Y
*
Muly 4,1874.
THE 'CHRONICLE.
10
<iid)e Bankers’
the 23d inst. will be looked for with the utmost interest, and we
believe also that there is a general desire among-bankers to put
the best interpretation upon the new Secretary’s operations, and
©alette.
a
DIVIDENDS.
The following Dividends have been declared during the past
Per
Company.
Cent.
When
P’able.
hope that he has acted with sufficient deliberation and satisfac¬
tory guarantees in taking so important a step.
week :
Books Closed.
with transactions lower than G considered rather excep¬
per cent
tional. As to a statement which has been published, that the
extended paper of Hoyt, Spragues & Co. was not met to-day, we
are informed,that the funds were on hand and ready for payment,
Itallroads.
1'
Attleboro'Branch
3%
July
Cayuga & Susquehanna
Central of New Jersey (quar.).
Concord & Portsmouth
5
July
2%
3%
July 20 i
ll
ll
July
scrip
3%
Ogdensburg«fc Lake Champlain
Paterson &
Paterson &
Pitts. Ft.
,l
July
July 31 July ^20 to Aug 1
July 10
July 9
4
July 2
4
July 2
1% July 7
IX July 1
3
July 15
July 1
$5
4
July 10
3
Northern Central
Norwich & Worcester
Hudson River
Ramapo
...
Wayne & Chicago guar
“
“
special....
Portland & Kennebec
Providence & Worcester.
Westchester & Philadelphia
Bankw.
First National (Jersey City)
Fifth National (quar.)
Leather Manufacturers’ National
2%
July
July
July
.6
Long Island
Manufacturers’ National (Brooklyn)...
Second National
Insurance.
AiPna (Hartforu)
Clinton Fire
Commerce Fire
J uly
6
10
(July
10
.
6
The Associated Bank statement of the 27th ult. compares as
follows with the previous week, and with 1873 and 1872 :
$289,002,800
22.795,500
States Bonds.-Tlfere has been only a
United
business in Governments this week, and prices are
rather lower on the gold bearing issues. The single
moderate
generally
on
on
on
on
on
on
1
dem
dem
dem
dem
dem
dem
feature
div.).
3% |Aug.
Fuiday,
The Money'
market and Financial
July 3. 1874—6 P. M.
Situation.—There
increased activity in money early in the week, incident to
Mie calling in of loans for the payment of interest and dividends,
presumed, from the withdrawal of legal tenders by
required deposit of 5 per cent of their circula¬
tion with the Treasury at Washington, as a redemption fund for
circulating notes. Hates for money on call advanced to 4 and 5
per cent on Monday and Tuesday, but afterward fell off again,
and ruled latterly at
per cent/and this afternoon at still
lower rates from the uigency to place money over the ensuing
holiday and Sunday.
The principal topic of conversation to day among financial men
was the following circular issued by the Secretary of the Treasury
to several firms of private bankers, and or. some of the copies
marked “ confidential.”
and also it is
Banks to make the
LOAN.
1874.
Department No. 57,
Treasury Department.
I
Washington, D. C\, July 2, 1874. f
“Sealed proposals will be received at the Treasuiy Department until 12
o’clock, noon, on the 23d instant, and opened immediately thereafter, for the
whole balance ot $179,000,C00, or any part thereof, of the funded loan, bear¬
ing interest, payable quarter-yearly, at the rate of live per cent per annum,
principle and interest payable in coin, and exempt from taxation as author¬
ized by the act of July 14, i870, and the act amending the same approved
Secretary's Office^
January 20, 1871.
Each proposal must, be accompanied by a
matured coin coupon*, coin or United States
ant Treasurer at New York, to the amount of
“
the circular of the Secretary
54,951,400
important
of the Treasury, received
June
deposit of United States bonds,
gold certificates, of the Assist¬
two per cent of each
bid.
period.
29.
27.
1881
5 20’s, 1862
coup..Jan. & July.
coup..May & Nov.
coup..May & Nov.
This is the price
July
2.
*114** *113%.*113%
*-117
116%
117
116
*122 *122 *122 *xll8 117%
*114% *114% *114% 114
113%
*117% *117
117 *116% 116%
118 *117% 117% *117%
*118
120% 120% 120%x!l6% 116%
*121
120% 121 xtl7% 117
*120% 121 *120% xll?% 117%
113% *113% 113%
*113% 111
5-20’e, 1864
6s, 5-20’s, 1865
coup..May & Nov.
6s,5-20’s, 1865 new,coup..Jan. & July.
6s, 5-20’s, 1867.... coup.. Jan. & July.
6s, 5-20’s, 1868
coup.. Jan. & July.
5s, 10 40’s
reg..Mar. & Sept.
5s, 10-40’s
coup. .Mar. & Sept. *114
6s Currency....
reg. .Jan. & July. *115
*
July
1.
114
funded, 1881, ..coup....Quarterly. 114%
reg..Jan. & July. *117#
1881
5s,
6s,
6s,
6s,
6s,
July
30.
June June
1 July 20 to Aug 1
UNITED STATES FIVE PER CENT
was
Int.
1
was an
PROPOSALS FOR T1IE
27.416,100
232,387.900
to-day, and quoted in full above.
Closing prices daily have been as follows :
ItliscoIlaniMuiN.
Spring Mountain Coal Co. (extra
June 29.
June 28.
$279,067,500 $281,791,500 Inc.. $2,724,000 $281,506,000
19,944.200
19,714,300 Dec.
219,900 27,661,500
Circulation....
26,652.300
141,000 27,311,400
26,511,300 Dec.
Fet deposits.. 227,619,500 232,929,200 Inc..
5.309.700 224,040.800
Legal tenders.
61.838.600
62.923.200 Inc.. 1,081,600
49,119,OoO
dem
July
Star Fire
1872.
1873.
,
Differences.
Specie
1
on
July
10
5
5
5
bonus
1874.June 27.
Loans anadis.
1
dem!
v5
Ridgewood
excess
June 20.
1
6
on
10
Park Fire
new
$21,405,200 last week.
'July
■
law is now held only against deposits, and on this basis
above 25 pet cent is $25,233,425 to-day against
the
the
dem
on
Mechanics Fire (Brooklyn)
Mechanics’ & Traders’ Fire
New York & Yonkers Fire
“
Clearing House Banks was made this afternoon, showing the fol¬
lowing changes from last week ; Loans inc. $5,030,700; specie
inc. $2,220,000 ; legal tenders inc. $737,300 ; deposits inc. $3,5tG,400; circulation dec. $647,400. The legal tender reserve under
,
Ion dem
Irving
Kings County Fire
.
8
8
dem
July
.'July
Firemen’s
Germania Fire
Hanover Fire.
Hoffman Fire..
Howard
“
dem'
on
July
July
on
Empire Ciiy Fire
Emporium Fire
Queens (Liverpool)
1
1
1 June 26 to July 1
1
1
1 June 25 to July
July
July
l>
an injunction
was issued by certain parties to prevent it.
In this case delay will probably be but temporary.
Cable advices on Thursday reported that the bullion in the
Bank of England had decreased £40,000 during the week, the
discount rate remaining unchanged at 24 per cent.
Specie in the
Bank of France increased 21,255,000 francs.
To-morrow being a close holiday the statement of our city
but that
2%
Maine Central
stiffened and rates are
quotations being 6 to 7
The market for commercial paper has
from 4 to 1 per cent better, the current
*114
114
hid, no sale was made at the
3.
113#
116
117%
113%
*116%
*117%
116%
117%
*116%
l!3%
113% *113%
114
Board.
115% *115% 115% 115% 115%
The range in prices since Jan. 1 and the
of bonds outstanding July 1, 1874, were as
amount of each class
follows :
,—Amount July 1.—>
Range since Jan. 1.Coupon.
Registered.
Highest
2117
Apr. 28 $178,472,450 $137,328 300
funded 1881 — coup.
27
193,185,750
reg. 115% Jan. 3*120% May
1881
89,550,000
Jan.
3; 122
Apr. 29
1881
coup. 117
16,641,400 151,043,300
112% Jan. 6 118% Apr. 29
5-20’s, 1862
coup
29
25,974,150
33,018.650
5-20’s, 1864
'.coup. 114 Jan. 6 120% Apr. 15
33,729,500* 118.804,850
115
Jan.
3; 121% Apr.
5-20’s, 1865
coup.
23
56.885.050 145,778,050
5-20’s, 1865, new coup., 114% Jan. 3 120% June 22
87,822,550 222.801 850
114% Jan. 2j 121% June
5-20’s, 1867
coup.
22
13.936,500
23,537,500
5-20’s, 1S68
.coup. 114 Jaii. 20 121% June 22 141,214,200
10-40’s
reg. 110% Feh. 2 115% May 28
53,353,100
10-10’s
coup. 112% Mch. 2 116% Feb. 2
64,623,512
Currency
reg.
—.
,
5s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,
5s,
5s,
6s,
Lowest.
111
Jan.
Closing prices of securities
June
19.
U. S. 69, 5-20’s,
U. S. 6s, 5-20’s,
U S 5* 10-40’s
New 5s
1865.......
1867
108
108%
105%
104%
in London have been as
June
26.
107%
108%
105%
104%
July
3.
108%
108%
105%
101%
Since Jan. 1.
,
1
follows :
Lowest.
j
—*
Highest.
106% Apl. 221 110
107% Jan. 5j 110%
103% Feb. 16 105%
102% Jan. 15! 105
Feb. 19
June 10
Jan. 24
May 28
bidders.
payment
State and fttailroad ISonds.—The busine s in state bonds
of the bonds pro rata a# settlement shall be made in money or bonds,
l’arties
whose bids are fleet pted will be allowed three months from date of subscrip¬
has been exceedingly limited, and sales at the Board embraced
tion to make partial or final payments; provided tlmt any bonds delivered to
only a very few transactions. In our report two weeks ago we
them prior to said final i ayment shall be secured by c llateral either in coin,
stated that interest was then being paid in New Orleans on cou
five twenty bonds or matured coupons, sufficient to cover principal and all
interest accrued and which shall accrue on bonds so delivered to the expira¬
pons due up to January 1874, but parties then forwarding coupons
tion of the three months.
Payment can he made in six per cent five-twenty
have liad them returned with the statement that paymeuts had
bonds, to be called in on the date of the acceptance of bids, which mature
been discontinued for the present, but. would probably be resumed
three months thereafter, or.in coin, or matured United States coin coupons.
The department reserves the right to reject any of said proposals that are not
by the 10th inst. Railroad Bonds have been dull, with trans¬
deemed for the interest of the Government, to accept. The proposals should actions
chiefly limited to the old and well-known issues, many of
be marked, “ Sealed Proposals for Loan,” and addressed to the Secretary of
which are sold ex-interest since July 1, Central Pacifies-selling
the Treasury, Washington, I). U.
B. H. Bristow.”
to-day at 89|, and Union 1st mortgages at 84 ; Western Pacifies
There has seldom been a Treasury document or announcement
yesterday at 82. There are but few transactions in bonds in default
which created more surprise or discussion. The leading bankers but it is stated that Northern Pacifies are being exchanged to a
considerable extent lor lands. One or two eoi aterfeit bonds of
were at a loss howto interpret it, some thinking that Secretary
“Deposits accompanying rejected bids will be returned to the
Deposits accompening ihe bids that- are accepted will be applied in
making a venture to see wliat could be done with
the new fives, and others thinking that he probably had received
an offer from one or more parties or syndicates for a specified
amount of the bonds—say $20,000,000— with the privilege of
Bristow
was
taking the balance at the same price within a certain time here¬
after.
Anothertheory on the same basis was, that the proposition
made to the Secretary at a certain price was on the condition that
it should be accepted if the bonds were first offered in this way to
the public, and no higher price bid for them.
However the pre¬
cise facts may be. it is certain that the result of the proposals on
Central Pacific, 1st mortgage, have been received
coming from Germany, and it is concluded that
foreign origin. The counterfeit is a dangerous one.
in Jots
the fiaud is of
The follow¬
ing were sold at auction this week :
$91,000 New York and Oswego Midland Railroad Company first
mortgage seven per cent, gold bonds, due 1894, interest January
and July, $1,000 each, 83.
$13d,000 New York and Oswego 'Midland Railroad Company
second mortgage seven per cent bonds, due Lb95, interest May
and November, $1,000 each, 8J-.
Closing price? daily,and the range since Jan. phave been:
the
_
.
SaTenn., old.ex
•12%
....
*30% *X23
*52% *x50
*30
53
*53
*19
*l«
94%
xi94%
89%
93% xi 9%
38
84%
xlS4%
82
80% *80%
79
60
79%
18%
97
*97
*93%
93%
87%
‘50%
*37%
Un Pac., 1st
80% *79%
do
L’d Gr’t
*79
do
Income. *79
*100
*100
*1< 2% *102
*102
Erie 1st M. 78
*103
N. J. Cen. 1st 7s.. *103% *108
....
Ft Wayne 1st 7e.
1<’6% K'6% 106%
*106% xl03% 103
Rock laid 1st 7s... *106% *107
This is the price bid. no stale was
+ Range since J une 27, 1874.
*
*94
90
89
dune 20
May 25
96% Jau. 14
88
June 30
85
Mch. 31
89
Mch. 27
105
Apr. 7
109
Apr. 26
107
June 16
107
June 25
102% Feb.
Jan.
Jan.
104
101
*103%
.
98
Jan.
101
‘101
‘107
,
53% June 18
11% Feb. 13
May. 22
81% Jan. 2
75
May 21
73% Jan. 9
79“
Saturday, Jone 27.,
“ 29
Monday,
Tuesday,
“ 30
Wednesday,July 1.,
“ 2.,
Thursday,
Friday,
**
3
Jau. 30
42
9
Feb. 17
dan.
10% May 13
7
Apr. 28
90% Jan. 2
83%
ing.
opened pretty strong at the beginning of the week, and
after several reactions of more or less importance, and some
sharp contests between the opposite parties in interest, the close
to-day was marked by a decidedly firm feeling in most of the
leading stocks, and prices were near the highest point reached.
Tlie annual reports of the Rock Island and also of the WabaBh
road appear to have been well received, as the stocks of each
have advanced materially since the reports were published.
Erie stock has been depressed by the failure of the Atlantic &
Great Western to meet its July interest in London.
The daily highest and lowest prices have been as follows :
June 27.
N.Y.Cen.&H.R.
99% 109%
*125
Harlem
126
Erie
31% 31%
Lake Shore....
71% 76%
Wabash
84% 36%
100% 101
126% 126%
31
34
76% 77%
36% 39^
43% 44%
42%
62 s
do
pref. 60
60 • 60
102%
Rock Island
9S% 100% 101
39% 411*
39%
Bt. Paul
38
59% 60 %
do
prel....
58
59
15% 16%
At.<fe Pac.,pref.
15
15%
24
26%
Ohio & Mibb...
26% 26% 25% 26%
25% 25%
1%
1
IK
1
1% $ 1%
Bost.,H.&E..
1
1
*107^
*107% 108
Centra] 01 N.J. 10S% 108% *108% 109
110
xi07% 107%
110
110% *109
Del., L. & West 110% 1 ;0;.
27% 27%
27% 27%
27
27%
27% 28%
Han. & St. Jos.
26% 28%
28
27% 28%
27
2 %
2»%
Union Pacific..
18% 19%
19% 19%
19% 29%
Col. Chic.& l.C.
18% 19%
*103
112
111
111
Panama
*1'|9% 111% 110% 112
74% 75%
74% 75%
73
74%
74% 76
West, Un. Tel.
41%
Northwest
...
Quicksilver....
do
pref.
Pacific Mall....
Adams Exp....
American Ex..
United States..
Wells, Fargo
..
*2-1%
30
....
23
29
41% 45%
43% 14%
107% 10 % *107% 107%
*'<•% 61
»rn
"70
79%
*79
61
61
•80
This is the price bid and asked : no
The latest railroad earnings
39
57%
15% 15%
251» 25%
1%
1%
*....
15%
-
....
31
70
sale was made at the
70
81
70
*79
70
80% 80%
Month of
June 27
“
29
“
30
16
July
27
31
Chic., Mil. & St. P.. 3d week
193,000
of June.
May. 1,272,293
Chic. & Northwest. Month of
306,778
Cleve., Col. Cin. & I. Month of May.
Denver & R. Grande 3d week of June.
Erie
;
1st week of June.
Illinois Central
Month of May.
Indianup., Bl. & W.. 1st week of Juue.
Kansas .Pacific
Month of May.
8,9-54
383,352
647.892
34,293
316,647
120,513
Michigan Central.. 3d weekof June.
Mo., Kansas & Tex.. Month of May.
Mobile & Ohio
Month of May .
Ohio & Mississippi.. Month of May.
St. L., Alton & T. II. 3d week of June.
branches. 3d week of June.
do
St. L., I. Mt.&South 3d weekof June.
St. L. & Southeast
3d week of June.
Toledo. P.& Warsaw 3d week of June.
Tol., Wab. & West. 3d week of.June.
Union Pacific
Month of Apr.
1st weekof Juue.
West Wisconsin
224.600
146,667
269,975
22,646
11,046
62,396
26,022
20.719
.
Lapsley & Bazley, Brokers,
Puts
July 2,18*4.
below.
Gold for % bonus.. % .t> %
W. Union Tel
1 \ ® -%
1 %@‘i%
Pacific Mall
N. Y. C. & Hud... !%(§>’.%
Harlem..
...3 (£5
Erie
2 @3%
Lake Shore
1%@3
1%@ %
Norihwestern
43%
"
*79%
998.920 11
333,834 70
6,493,376 89
500.832 46
3,
369,000
283,000
2,602 539 62
1,778,857 20
3.254.291 85
...
...
York
78,092
834,955
20,522
1,373,675
1,256,072
4,203,945
5,263,5‘6
3,316,717
4,775,070
428,920
1,624,938
2,008,097
7,685,322
2,914,372
8,194,813
3,019,800
591,140
1,331,121
3,455,481
1,191,557
l,249.9ln
216,604
8,850
391,598
655,459
31,999
1,203,342
3,558,422
250.935 1,179,580
184.C37
963,861
307.520 1,372.071
332,763
129,239
27,670
11,607
54,876
32.857
29,518
135,916
681,260
18,319
%(&l
2UM3%
2%@4
1
542,622
657.39h
235,072
1,064,559
574,556
539,449
2,150,488
2,750,i 86
1,151,790
613,789
540,fi94
2.547,592
2,605 281
414,834
dis
I
I
Rock Island
Mil. & St. Paul.
Puts
1 %(ft2%
1%(4»2%
Wabash
1%C4K%
Ohio & Mississippi. 1 <S>I%
Union Pacific
1%@'2%
Han. & St. Joseph. 1%@2
&4% j
2%(^3% C.. C. & I. C
2%&4
|
..
I%(fli2%
Calls
above
2%<St3%
' 2
2%@3%
1%.(©2
2 <£3
2 @3%
l%(s>2%
with
and
337 596 00
38,493 05
691,206 33
1,532 759 59
5,256,201 39
3.101,109 46
982.595 88
661.420 43
4,974,095 05
1,696,583 31
$50,270,004 22 $54,952,139 31
following statement shows
City Ranks.—ITie
Associated Banks of New York City for tho
the commencement of business on June 27. 1874.
■AVERAGK AMOUNT OF
the condition of the
week ending at
Capital.
Loans and
Discounts.
$3,ruU,0CG
2,050.001
3,000,000
2,1X10,000
1,500.000
3,000,(XX)
1,SOU,000
City
..
Tradesmen’s
1,000.000
1,000.000
600,(XX)
Fulton
Chemical
3(H),000
1,(00,000
1,500,(XX)
Merchants’’ Exch’ge.
Gallatin, National..
8O0.000
600.000
200,000
600.000
5(X),000
Butchers’&Drovers’
Meehunics&Traders
Greenwich
Manuf
Seventh Ward
State of N. York..
American Exch’ge.
Leather
.
Broadway
Mercantile
Chatham.
412,500
1.000,000
1.000,(M0
0,000
i,o( (.too
401 ,0! 0
1,( •00,0(0
1,000,1)1 0
1,0( 0.000
1,000,( 00
People’s.
Hanover,...
Irving
Citizens...
Nassau.,..
Market
Leather..
Shoe and
..
Fourth
2,'(X >0,1 XX)
3,317.900
816,100
3.0 8, «•()
474.7(0
13.7(H)
1,988,500
3,5-8,-(H)
818.500
464,100
2,666.800
16-.400
i
245.v00
6,300
70,900
2:;,(xio
,270,200
1.833.500
91.900
15.0; 0
1,466.700
4,427,300
‘•40.000
903.0(1(1
443(MO
3 1.6(0
2,7 7 8,(XX)
21,4(0
3',1(U»
8,091,000
1.120 400
2,3t 0,300
166,100
18,'- 00
2,5 5,01 0
13,66',UO0
1.300,9(0
2.366,900
2,985 .MM)
412,700
40 ’,500
1,891.000
1,119,700
2, 14.500
1,705,' (0
1,232.(HI)
2,437,100
3
3,931,5(0
2.652.500
2.467.71 >0
15,3-9 ‘„‘l>0
no,-00
1,914 2(H)
96,600
4,100
17,600
26,400
.
14,326.ino
1,036 4 -0
846,5tX)
1.061,9(0
9(6.400
1,1'0
602,(XXI
69,000
897,500
19,027,8(0
“
1,000,0(0
250,1 X 0
201 ,COO
2,(XX,0(X)
i,oo( ,rco
6,271,(XX)
1,7 '0,000
6,931.5(0
5, 93.0 MJ
5,25 .0 0
1,3U3,500
1,>76. 011
1,196,000
761,700
t,n>u
42.900
103,(XH)
5.100
130, 00
3,194,500
1,525,600
138,700
7.-4,1(0
70V,SOU
13.600
60.200
769,(100
2,216,690
1.166,(.00
2,i25 900
367,1 00
18),"00
601,81'0
4,318.500
3 0 >9.500
3tr ,800
'll 4.5"0
153 400
2 2U. .00
0,8-X)
4,331,700
17.050.000
16,128 200
1,1.11,900
701.7U0
The
D-c.
Inc.
May 9
May 16...
May 23...
May 29..
286.571.1!0l)
286.503.600
28-1,587 800
282 814 400
280.558,100
June 6... 279.92\S00
June 13... 281,24 2 8 )0
June 20... 279.067.500
June 21... 281,791,500
...
1,129,0(0
132,0( 0
3,9'. 0
35',9l 0
731.80C
7.7,2 0
4 900
582.300
4.000
360.000
490,800
833.600
304,900
......
1%,500
15,089,200
2.891,000
1,339,0(0
1
4.' 08 000
1,61'.0(H)
1.128,01 0
7,0 7,100
5,691,300
6,1 8,"00
446,000
2,07 M00
544,700
2,139.0"')
2' 0,600
811.100
257,000
566,900
SO'i.SOO
66 V 00
2< 6,9 0
87 ,300
1,653,0 '0
27'.in 0
819.2(0
961."I U
212 000
9-‘3,800
130,0.0
885,100
4,'78,100
1,705, IU0
31 ,400
*19,714.309 $62.923,2UG *232,92V200 $26,511,300
Circulation
week are as
.
Inc. 15,369,7(0
141,0t0
Dec.
l,t84.601)
Legal
April 25..
May 2
.
1,016,700
following are the totals for a
Loans.
233 423.500
«,
291,200
16:',300
361,600
13,100
2,131,300
209,900
129,100
5,500
8Mi.OOO
6: 9 200
626,300
The deviations from the returns of previous
follows:
Loans
Inc. $2,7‘^4,0'>0 Net Deposits . .
Specie.
Legal Tenders
,
4,0u0
1.265,400
5.25 ',600
$32,135,200 *281.791,500
Total
1,149,100
2, '65,700
4.3D.H 0
'sucjioo
Bowery National...
New York Co. Nat.
German American.
2,700
2'9,000
167,900
8:8.900
261.200
3,780,6' «>
1,855, UK)
5,18 V+K)
2.649,6(0
1,50 ),8C0
1,OIK),000
N.Y.National Exch..
2-8,H)0
155,700
KM.) 2.WO
300,001)
1.500,1 CC
nor,103
Third National
434.100
432.700
7,720,100
89 ,200
681.700
5,000,000
National....
Central National...
Second National....
Ninth National ....
First National... ..
753,600
5:0,00
1- 8,<XK)
101,200
31X1.000
400,(XX>
350,"00
500,(XK)
Grocers’..
North River..
East IUver
—..
Manufaet’rs’<fe Mer.
497,400
18,6.1,900
5,59-,500
'500,000
Bank’gAsso.
4.6.800
1,700
636.100
8*2 500
3 015,0(0
1,500.000
2,(>"0,IXX)
;.
4S7."( 0
4,241/00
8,2-2 300
400.000
Importers’* Trad’rs
Park
Mech.
9„7l>0
872,^00
2,' 0-.900
2,.'.''47,000
1,(00,000
—
tlon.
$855,800
*249,100
556.(XM)
2.100,0(0
3(X',000
Oriental
Marine...,
Tenders.
Specie.
4.87 ‘,800
12.242,009
>22,700
2,(XX),(XX)
'450,000
Pacific
Circula-
Net
Deposits.
$10,169,6 0 $2,640,600 $ 1,597,81X) $9.-: 8,900
4.2'6, MX)
1,299,100
4D,9(Xi
5,772,400
2,57'. .(X 0
10,19’, 700
1,931,(XX)
10,1 0,(00
4,173.700
1,3 9,600
247,4(H)
5,919.200
3.657.8(H)
1,122 900
264,(XX)
4,9'3,It 0
1.75’,600
2,143.800
699.8(H)
8, 0i,4(X)
7.9.2(H)
3.C3“,700
2;0,4(X>
4,751,800
5,360,200
993 900
1,06 ,000
6,205.800
59",800
1.812,:.(X)
123,30
3,315, 00
3 5.9 0
1.3 3,500
255,800
1,884,900
6,47'.,800
874.400
1,' 81,400
7,639,1(H)
3.219,100
25 ,09t)
613,2-0
3,715,' 00
541,3(0
2,7-0 500
486,' 00
4.336,100
1,110.(00
891,2"0
50,900
2,5(7,600
344,000
1,276,000
17,300
1,926,800
874.900
136.200
1.084,700
2 779.900
422,500
425,500
3,17:,'X'O
5 ,'(»
1,' 49,6"0
290,700
l,: 97,900
2,(XX),(XX)
5,(KK),000
10.(XX),(XX)
1 ,(XX).()00
1,(XX MMX)
281,694
*
below.
1%<a>‘2% I
(rt.6
1,560,188
74 Broadway and 9 New street
$150 to $200, 60 days (on
at the following
Calls
above.
4
3
727,150
@5.10%
41%& 41%
96% a 97
41%3 41%
House and Sub-
$52 734.756 78 $53.0-31.330
July 3
Balance.
.
@5.11%
@5 10%
6.894,885 87 16,527,578 40
34
14.062,825 84
$7,713,000
Total
Balance. June26...
Banks.
New York..
price has shown a declining tendency. It would appear from
this that the late currency bill is not interpreted by the gold
operators as an inflation measure, and that there is no other in¬
fluence of sufficient force to hold the price up to the figures
lately made. The export movement has diminished, and although
a moderate rate per cent
is still paid at times by borrowers of
gold, there seems to be no prospect of any scarcity in the market
of importance enough to advance the premium, and the present
supply is also increased by the Treasury disbursements. In a
word, the bulls and bears in gold are almost equally destitute of
points” with which to support their particular views. On gold
loans the rates to day for carrying were 3, 2, 2£, and at the last
2 per cent.
The Treasury sales of gold for July will be $5,000,000, as follows : Thursday, July 2, $1,000,000 ; Thursday, July
9, $1,000,000 ; Thursday, July 16, $1,000,900 ; Thursday, July
23, $1,000,000; Thursday, July 30, $1,000,000. At the sale yes¬
terday the total bids amounted to $2,325,000. Customs receipts
of the week have been $1,713,000
The following table will show the course of the gold premiums
each day of the past week :
“
2
“
1,376.954 02
*70
Explanatory Pamphlet, how money is lost and made in Wall street,
cfcrences, mailed on application. Price, 30 cenis.
Tlie Gold Market..—There has been no activity in gold,
the
1
“
@
...
5.10
5 10
5.10
-Payments.Currency.
Gold.
$678,410 63 $7,351,005 66 $350,591 47
87,562 46 1,059, m 13
430,932 87
$812,178 00
...
...
@4.90%
4.90
Currency.
Gold.
316.000
344,000
258,000
...
days.
4.90%@
Receiptr.
$143,000
...
New
Board.
quote stock privileges, $109 for 100 shares, 30 days ;
Members New York •Hock Exchange or responsible parties),
tance from the market.
.
...
reported are as follows:
May. 1,360,000
and with¬
Sub-Treasury.
—
,
Receipts.
reported.——, Jan.l to latest dale.
1873.
1874.
1873.
Roads.
1874.
$117.8-16 $2,327,102 $2,335,547
Atlantic a Gt. West. 3d week of June. $110,256
431,009
489,579
23,374
10,570
Bur.,C. Rnp.& Minn. 2d week of June.
5,027,626 5,024,205
Central Pacific......
5.15 @5.15%
41 @ 41 %
Custom
House
Latest earnings
,
...
„
96 @ 96%
41%@ 41%
The transactions for the week at the Custom
Treasury have been as follows:
60
61
5.13%'9)5.14%
5 15 @5 15%
Hamburg
25% 26
l
1%
»107Y 108
10;% 107% 707%
24
26%
26% 26%
26% 27 Y
26% 27
18% l'%
lc% 18%
ft
112
1H%
74% 75
73% 74%
28
1,483,432
3
days
Frankfort
108
44%
*79%
Antwerp....
31% 33%
75% 76%
37
3s %
42% 43%
*59% 60%
99% 101%
33% 39%
*26
*.... 30
43
42% 43%
43% 44%
41%
•1116
107% *107% 107% ‘105 107%
*.... 61
*60%
*60
61
*60% 61
‘
‘70
71
81
*70
*....
*25
99%
$
*
1,325,377
4.88 @
4.87%(&4.88
4.85 @4.66
Swiss
Amsterdam
126
*124
60
8*
8*
108
107
....
*22
*v>7
12o
£0% 32%
5%
74%
35% 31%
41
42%
111%: 110% $156 911.000
112
111% 161,399,000
114% 110%
60
July 3«
99% 100
July 2
99% 99%
June 80.
-.110% 110% 110%
..110% 110% 110%
..110% nu% 110%
London prime bankers’ sterling
London good bankers’ do
London prime com. ster do
Paris (bankers)
Thursday, Friday
Tuesday, Wednesday,
July 1.
99 % 100%
99% 100%
*125% 1<6% 125% 12 5%
31
33%
33% 3-1%
75
76%
75
76%
87
88%
37% 85%
42% 43%
42% 4i%
61
61
60% 60%
99% 101%
100% 101%
38% 39%
39% 40%
58 Y 59
57% 58
16
16
16%
16%
Monday,
June 29.
.
feature of specinl interest, rates being held at the same
figures from the beginning of the week till to-day, when leading
drawers reduced their asking price to 4.88, and 4.90^- for long and
short bills, respectively.
It is possible that some of the proposed
transactions in new 5 per cent bonds by foreign baukers had
something to do with the slight decline in rates to-day, as it was
alleged that an offer to take $20,000,000 of the bonds had been
withdrawn just before the circular of the Secretary of the Trea¬
sury, previously referred to, was issued.
The quotations for
foreign exchange are now as follows :
-July 3.-
market
Saturday,
$24,813,000 $1,711 406 $1,982,337
897,387
601,161
18,012,000
22,352.000 1.309,0-5 1,458.297
3',139,000 2.516 385 2,802.059
81.679
34.215.000 1,871,446
27,380.000 1,717.424 1,906,363
..111% 1U% HI*
111
..111
111
111% 111
111%
Exchange,—The market has been quiet,
Foreign
The
fluctuations in prices.
Gold.
out any
Stocks.—Stocks have shown
considerable activity and frequent
Balances.——.
Currency.
Total
Clearings.
est.
est.
Current week
111% 110%
111% 111%
Previous week
Jan. 1,1874. to date... 110% 110%
made at the Board.
and Miscellaneous
Railroad
50
‘10%
11
4is% *ii%
*30
*80
*50
Jau.
16
40
*12%
,
1 +63% June 27
i 29% Jan 24
6 21% Mch. 21
+60
July
20% May
*20
*18
*18
*16“ *16“
*30%
60%
60%
»6’fcxi6t'%
*62%
(S%
3.
60
2.
-Quotations.
Open- Low- High-1
-Since Jan. 1.-Lowest.
Highest.
June 27
+60% June 27 +63
July
July
June June June
July
80.
l.
27.
29.
63
*62 *-4 *63
Xl60%
c
68 Tenn, new ex c
6b N. Car., old....
68 N. Car., new...
6s Vlrg., old......
do
cpQ8olid.
deferred.
do
6s S. C.t J. & J....
6s Mo. long bonds
Cent. Pac., gold..
11
THE CHRONICLE
July 4, 1874]
Specie.
21,33(7.100
24,6: 9.' 00
27.305,500
27.301.MJ0
26.1 22.300
25.517.400
24.3 2.100
21,921,OX)
series of weeks past: Aggregate
Tenders.
54J39.600
55, 3 ',000
55.798.000
57JOO 3-)U
59.853.41)0
61.456.TOC
61.8 '0,8X1
60,951,000
19.934.200
61.838.600
19.714,300
62,923,200
Clrcu-
lation.
Deposits.
•231.186.7(0
234,10!.50.)
236.236.700
236.395 000
231.213,300
232.4' 4 800
231.913.3X1
232,722,400
227,6 9.500
232,929,200
'
Clearings.
26.901, "-00
26.''89.6(H)
26.922.200
26.923.900
26 8<Xi.9u.')
26.7:7 500
2':.7 4 O K)
26,611,800
26.652.300
527,357,314
41)1.421,113
26,511,300
418.458.984
430 272.146
4V3.nltn.643
885.139.l-51
444.F-8.4m2
376,616,467
401.92US5
428,251,302
12
Boston
Banks.—Below
give
we
National Banks, as returned to the
June 29, 1874 :
Gantts.
Loans.
$750,000
$1,580,800
$11.3(H)
3.U80.700
3,992.501)
2.151,400
1.042,700
65,500
1,500,000
1,500,000
1,000.000
600,000
200,000
500,000
1,000.000
1,000,000
1,000,000
Boylston
Broadway
•Central
Columbian
Continental....
BllOt.,
Bvereu
Howard
Market
Massachusetts
Maverick
Merchants.....
Mount Vernon
New England
North
Sbawmut
State
Suffolk
Traders
Tremont
600,000
2,000.000
750,000
1,000.000
1,600.000
300,000
2,000,000
1,000,000
1,000,000
Bank of
Republic...
Commonwealth
City
Engle
Exchange
1,500,000
500,000
1,000,000
1,000,000
1,000,000
1,500,000
2,000,000
200,000
1,000,000
1,500,000
Hide & Leather
Revere
Security
Union
Webster
26,000
16,000
203,000
49,500
1,900
48.100
117.600
80,900
234.200
19,566
182,900
12,100
63,600
4.S00
283,400
30,000
452,800
564,900
65,500
12,300
171,100
2,800
....
07,200
271,200
90,800
1,373,900
99 ’
Burlington & Mo. L. G. 7s
97*
Cheshire, 6s
Eastern Mass.. 7s
Hartford & Erie, 1st M (new)7.
93
94
20*
20*
400,800
1,511,200
172.200
733.300
730.200
329.400
593.700
500,000
966,000
724.300
173.600
694,000
573.100
692.200
91.100
4.300
1.900
187,900
40,500
500
51,700
S6,900
1,036,000
1.923.4U0
697.301*
92,300
660,500
242.500
449,700
66,600
12,400
25,400
1,347,000
455.500
607,400
39,500
921,700
2.166.100
59S.700
664.200
798,800
861,200
1,032,700
530.900
170 500
573 900
1,127.901)
262,666
2i'2.500
717.000
714,000
774.300
281,000
19,100
2,587.300
152.300
221.800
558,60.0
255 COO
385.3(10
119.8(kl
141,300
127.700
300 000
444 COO
34,200
07,000
6,803
3.270.300
5.237.700
928,300
2.59:\600
2,435.000
40,800
1.000
45,700
36,000
592,*00
931,300
•
335.200
785.900
780,000
782,Q< 0
ISO ,000
544.400
484.700
2.149,400
8:51,100
2.262,100
751.10C
913.30!)
689.400
$51,691,700 $25,200,400
$21,339,000.
.....$49,350,000 $128,101,900 $2,122,500 *11,427.300
The total amount “due toother Hanks, ” as perstatemcntof Juue29,is
Old Col. & Newport
Rutland, new 7s
Bds, 7, ’77
Stansted & Chambly 7s
Verm’t Cen.,lst M., cons., 7,’86
do
2d Mort., 7,1891
Vermont & Can., new, 8
Vermont A Mass., 1st M. 6,’83.
Boston A Albany stock..
Boston A Lowell stock
*
Boston A Maine
Boston A Providence
Cheshire preferred
L‘ans
Increase. $770,700
Increase.
52,50c
Increase.
4'.2,200
Specie
Legal Tenders
The
following
Date.
Eeb 16
Feb. 24
March 2
March 9
March 16..
March 23
March 30
are
127,640,700
127,425,000
126,639,900
127,896.700
127,400.600
126,567,900
125,475.500
125,615,900
125,627,500
May IS...
125,949.600
2.9-U.600
May 25
125,450,700
125.259,000
126,664.200
127,882,900
127.336,200
128,106,900
2.719,300
2,364.100
2,180,900
2.176,400
2,(70,000
2,122,500
Jane 1
June 8
June 15
June 22
June 29
a
10.760,400
11,131,200
10,561,100
9,811,100
9.755,200
10.4:7,500
10,515,200
10,194,600
10,369,60 0
in,681,200
11,175.300
10,026,800
do
do
25,413,800
25.160,300
25,490,300
25,524,000
25,5(12,600
54,707,600
T.l,156,200
52,858.000
53,429,10 )
52,742.600
53.238,600
58,260,300
52,035,000
52,651,600
52.368,800
50,615,100
51,691,700
25,506,9(0
25,431,100
25,439.9(0
25,422,800
Rutland common
do
preferred
Vermont & Canada
Vermont A Massachusetts
Ex dividend.
STATK AND CITY BONDS.
Philadelphia
$1,500,000
1,000,000
2,000,000
$5.570.0(H
$50,000
810,000
800,000
500,000
250,000
2,375,000
Kensington
4.575.000
$1,037,000
20,666
6,405,0()U
3,500
4,(00
2,297.000
2,4:5.000
1.393.000
3,398,000
6,204, *00
1,532,000
1.429,000
2,222,000
1,380.000
1,129,500
2,466,400
565.000
369,000
730,000
570,000
277,5(0
3,000
25U.OOO
9,33.496
500,000
400,000
l.tHX)
319.750
794.000
1,000,000
609,000
472,000
433,000
207,000
221.030
170,420
214.140
533,336
213,510
590,000
lo8,000
2 70,000
347.055
269,780
450,000
699.925
883.335
Western
Manufacturers’
Bank of Commerce
26,875
1,000.000
1,196,088
1,992,106
2,290,000
568,698
398,000
2,108,727
1,488,576
250,000
785.6-9
316
263.U2
712,306
GJrard
1,000,000
3,633,000
1,5-18,01(0
1,122,142
1.447,332
777,329
2,213,000
1,575,000
4,250.000
1.022,117
21,000
5,000
1,151,000
368,000
298,212
3.236,000
1.136,000
457,500
990,739
161,517
947,000
538,461
2,421,000
1.432,000
3,785,000
977,569
4=1,000
233.000
Tradesmen’s
200,000
Consolidation
300,000
400,000
City
Commonwealth
Corn
300,000
500,000
Exchange....
Union
500,000
1,000,000
300,000
First
Third
Sixth
SeventU
250,000
Eighth
Central
Bank Of
Security
250,000
275,000
750,000
1,000,000
Republic..
Total
897
5.166
2,000
620,000
1,261,000
352,060
134,000
135,000
275,000
2,000
36,000
1,686.000
7,700
$16,435,000 $58,694,599
497,000
107,000
$202,154
853,675
427.000
.
12,000
2,000
568.000
508.000
981.J0C
4,240.000
2.047,000
150,009
$16,353,179
340,000
793, 0(H)
263,013
135,600
219,850
237,(00
776.000
580.000
3,765,000
1,006.000
353,000
800,000
180,000
$47,732,763 $11,439,714
The deviations from the returns of previous week are as follows:
Loans
Dec.
$242 509
nee.
61,361
Dec.. 164,406
Specie
Legar Tender Notes,.
Deposits
...Dec. $477,475
Circulation..
Dec.
-
142
WASHINGTON, D. C.-PRICES.
I
Bid, Ask
Bid.
Wash. Co. S. bonds, 7s, 1574...
Chicago Relief bc nris, 78,1877
Perm.
Imp., 6s,
g.
do
do
Water Stock 6s, 1869
do
1874
1903..
do
6s, new
j
do
1S75
do
do
do
do
1876
1S77
187S
Series.
....
Certificates,
do
do
90
do
do
94
,
1874..
.
1875....
1976...
1977....
1878....
Series.
do
1 Water Certificates, 3s. 1377...
l
101
UK >4 102
101* 1(2
104* 104*
7s
do
6s
do
7s
New Jersey State
Delaware State 6s
99
6s, Exempts
RAILROAD STOCKS.
35
Camden A Atlantic
do
do
pref
Catawissa
84
90
8')
85 Vj
8
41*
pref
do
Harrisb'g, Lancaster & C
Huntington & Broad Top. ..
do
do
pref.
Lehlgb Valley
Nesqnehoning Valley
8(1*
81
70
70
70*
72
73
72 \
70*
70*
70* 70,4
85
52
6
13*
io'
17
14*
60*
4i*
53
55
60
89
37
Norristown...
Northern Central
North Pjnnsylvania
Oil Creas. & Allegheny
44
m
River.
Pennsylvania
Philadelphia & Erie
49*
19*
37*
45
I*
49*
20
56
5b*
-53* 53*
123
123*
Phlla., wilming.* Baltimore
United N. J. Companies
Westchester
pref
do
31
52*
»4*
50
50
...
West Jersey
...
55
51*
CANAL STOCKS.
Chesapeake* Delaware
46
Lehigh Navigation
Morris
do pref
43*
51
126
-•
Pennsylvania
127'
*6 * io'
Schuylkill Navigation
pref.
do
48
43*
Delaware Division
13
...
13*
Susquehanna
Union.'
do
pref
RAILROAD BONDS.
Alleghany Valley 7 3-10s, 1896..
Belvldere Delaware,1st m,?,*!?
do
do
2d M.,’35
85
92
82
do
do
3d M.,’87 84
99
99*
Camden * Amboy. 6s, ’75
94
do
do
6 s,’83
86
do
do
6s,’89
100
do mort. 6s, ’89... 99
do
do
consol.,6s, ’9t...
Cam. * Atlan. 1st m, 7s, g, 1903 165'
do
2dm, 7s.’80.. 100
Catawissa, 1st M. conv., ’82— io:
i01*
do
chat. m. do
’88
108* 103*
do
new 7s, 1900
89
Connecting 6s 1900-1904
100
East Penn. 1st mort. 7s, ’88...
El. & W’mspoit, 1st m, 7s. ’80. 99*
.
do
do
5s....
Harrisburg 1st mort. 6s ’83
H.& B. T. 1st mort. 7s, 90
do
2d mort. 7s, ’75
3d m. cons. 7s,’95.
do
Ithaca & Athens g. 7s, ’90
Junction 1st mort. 6s, ’85
2d
do
do
1900
do
do
ao
100
104
6\
100
99
’77.
conv., ’82.
conv., g,’94.
-
do 6s, boat'* car,1913
do 7s,boat*car,1915
Susquehanna 6s,’94
...
102*
7s. 1910 106* 107*
do
do
Little Schuylkill.lstM.,7.1677.
Northern Central 2d m, 6s, ’85
do 3d m,6s, 1900
do
do
con. m. g, 6s, 1900
North Penn. 1st m, 6s, ’85
2d m. 7s, ’96
do
102“
do
10s, chat, m.,^ .
do
gen. mort. 7s, 1903
Oil Creek & Al. K., con. 7s, ’88.
39“
42
OH Creek 1st m. 7s, ’82
Pehn & N. Y. Canal 7s. ’96-1906 102
Pennsylvania, 1st M., 6,1880... 100
Jo
2d M., 6, 1875..
100*
•lo
gen. m. 1910
74
99
90"
89
106*
96
97
96*
85
95*
9S*
92
CO
96
99*
70
r7*
76*
17*
74
86
74
87
•5*
Si)
6s, '78
ni.
95
1(14
10J
KX)
11-5
'.01
Baltimore 6s of ’75
do
1881
100
do
6s, 190C
:oo
do
1890, Park 6s
98*
Baltimore A Ohio 6s of ’75
98*
do
do
6sol’80...
101
10: *
do
do
6s oi ’.85...,
91
91*
Central Ohio, 1st M., 6
103* 104
Marietta & CIn., 1st M., 7,1891
do
do
2d M.,7,1896. 89* 90
do
do
3d M. 86
80* 87
Norfolk Water 6s....
9S
North. Cent. 2d M., S. F., *, ’85. 90
89
90
do
do 3d M., S. F..6,190(
do
do Id M. (Y. & G) 6,’77 90
90
do
do Cons, (gold) 6,1900
83
83*
Pitts. A
.
do
do
1st M.,6,1889
West Md, lstM., endorsed, 6. ’90 97*
60
1st M., unend.. 6,’90
do
2d M., endorsed 6,’90.
do
168
Baltimore A Ohio stock.,...
Central Ohio
do preferred
102
93
93
?0
100*
K2*
80
90
5s...
6s...
7s...
ioi'
83
94
1(0
98
100
Southern RR. 7s... 96
Ham.Co.,Ohlo6p.c. <ong bds-. 90
do
do • 7 p.c., 1 to5yrs. 97
do
do
Ig bds,7 A i.30? 100
Cin. & Cov.Brldtre s'oek, pref 90
do
bonds, short 94
do
bonds, long. 64
Cin.. Ham. & D.. 1st M., <, 80... 97
do
do
2d M.,7,'85... 92
do
do
3d M., 8,77... 100
80
Cin.. Ham.ft Ind.7s guar
82
Cin. A Indiana, 1st M., 7
do
do
2d M.. 7,1877.. 74
92
Colum., A Xenia, 1st M.,7, ’90. 93
Dayton & Mich., 1st M., 7 81..
do
do
2d M.,7,’84.. 89
7-30S
3d M.,7,’88..
do
do
do To’do dep. bds,7,’81-’94.
Dayton A West., 1st M.,7,1905.
do
do
lBt M.,6,1905.
Ind., Cin. A Laf., 1st M.,7
do
(I.&C ) lstM..7,1881
Little Miami, 1st M., 6,1883
Cin. Ham. & Dayton stock..
84
SI
f6*
74
75
86
99
69
..
97
Columbus «fe Xenia stock
40
Dayton & Michigan stock
do
8 p, c. st’k guar 104
97
Little Miami stock
102
97
92
100
102
95
15
87
S8
94
102
81
85
75
95
94
91
86
89
87
76
7<>
87
90
70
98
41
105
98
LOUISVILLE.
Louisville 6s, ’82 to ’87
6s.’97 to’98
do
do
Water 6s, ’87 to ’89..
Water Stock 6s, ’97.
do
Wharf <>&
do
do
special tax fis of’89.
Jeff., Mad. A I,lstM.(I&M)7, ’81
do 2d M.,7,.
do
do
do 1st M.,7,1906—
Louisv.C. A Lex., 1st M.,7, ’97..
Louis. A Fr’k., 1st M., 6,’70-’78..
do
Louisv.Loan.fi. ’81.
L. «Nash. lstM. (m.s.) 7. ’77..
do Lott. Loan (m.s.)6, *86-’8’:
do
(Leb.Br.)6,’86
lstM. (Mem. Br)7,’70-*75.
lstM.(Leb.br.ex)7, ’80-’85
do
do
do
do
do
Lon. L’n(Leb.br.ex)6,’93
Consol. 1st M.,7,1898....
Louisv.,Cln.A Lex.,pref......
do
do
common.
81*
79*
-•0*
82*
81*
82
81
S2*
81*
86
72
86
75
87
86
97
82
82
96
2d M.
83
82*.
84
87
74
37
76
87
87
88
,-3
88
97
88
80
88*
68*
89*
St
io’
*15”
10
42
11
Louisville A Nashville
ST. L.OIJIS.
•90
St Louis 6s, Long Bonds,,.,.
98
Ao
Water 6s gold
do
do
do
(new) *97*
34
North Missouri. 1st
At.& Pacific guar, land grants 31
do
108*
169”
10
42
42
"...
CINCINNATI.
Cincinnati
do
do
do
Cincinnati
90
5
Parkersburg Branch
•Jefferson., Mad. A Ind
lOOx
reg
..
80
RR,’97....
86*
Connellsv., 1st M.,7, ’98
42*
Elmira* Williamsport
Elmira* Williamsport pref..
EaBt Pennsylvania
Lehigh Valley, 6s, 1898
....
Cers., Gen. Imp. Si ,1S7(
80
81
80
80
5 year
Cers., 7 3-10, 1875
Ten year BondB, 6s, 1878
Fund. Loan (Cong ) 6, g, 1892
do
(Leg), 6s. g, 1902..
Cern. of Stock £1828) 5s, at pleas
do
(1843) 6s
do
15-25. 3d..
do
Philadelphia 6s, c Id
do
dies & () Can stk (IS47) 6s do
Board of Public Works—
1891
do
c
7s, 1891
Market Stock bonds, 7s. 1592
Water Stock bonds 7s, 1901..
6s,’67,5-10,1st...
do
10-15,2d...
Mlnehill
Deposits.Clrculat’n.
$3,638,000 $1,000,000
do
do
do
do
do
Wyoming Valley 1st
PHILADELPHIA.
25,365,500
25.244.200
25,221,600
85,200 400
Total net
L. Tender.
CANAL BONDS.
Chesapeake & Dela. 6s, ’82....
Delaware Division 6s, *78
Lehigh Navigation 6s,’81
BALTIMORE*
Maryland 6s, Jan., A., J. & O..
do
6s, Delence
Philadelphia & Reading
Specie.
67*
7s, ’77.. 99
Vs,’96
103*
7s, ’91...
m.
do
7s. ;902...
Union 1st mort. 6s, ’83
32*
Little Schuylkill
:
Loans.
Penn
107*
80
78
Warren & F. 1st m.
U'5
West Chester cons.
88
West Jersey 6s, ’83
96* 97*
do
1st m.6s,’96...
103
do
1(3*
do
7s,’97...
Western Penn. 6s, ’93
87*
do
do
6s, p.b.,’9(
& Read.,lstM.,7,190( 90
Wilming.
do
do 2d Mort, 1902
9
*
25.335.000
.
Sunbury & Erie 1st
95*
*115
Port., Saco A Portsmouth...
do
53,031,500
55,121,900
52*
do
do
7s, ’98 165"
do
deb. bonds,’93 78
do
• g. m. 7s, c.
1911 101
do
do
H5*
reg
do
6s,g., 1971..
do
new conv. 7s, 1893 104*
Phil.&Kead. C.&I.Co.deb.7s’92
73*
pref...
Colony
94
si”
gold, ’9V
Morris, 1st M.,6, 1876
do
55
2dM„ 1876
56
do
boat, ’85
49
122
Pennsylvania 6s, 1910
Fitchburg,
Schuylkill Nav. 1st m. 6s, ’97..
Manchester A Lawrence
do
2d m., 66,1907
Northern ot New Hampshire.. iw* 104*
do
m. 6s, c.. ’95..
122
Norwich A W orcester
do
•47
68, imp.,’80...
Ogdens. A L. Champlain
Old
Yak
Philadelphia * Reading 6s, ’80
107“
Pittsburg 5s
Deposits. Circulation
53.779,500
25,539.600
53,723,300
25,564,700
52,800.700
25.56:,60')
53,137.400
25.525.900
53,274.500
25.491,21 0
52,873,000
25,448,400
10,934,700
11,015.100
11,427,300
Capital.
Mechanics'
Bank N. Liberties.
Southwark
149*
Alleghany City 6s
series of weeks past:
Banks.
North America
Farmers and Mech.
Commercial
108
149
78
Concord
Connecticut River
Connecticut A Passumpslc, pf.
Eastern (Mass.)
Eastern (New Hampshire)....
do
do
do
Philadelphia Banks.—The following is the average con¬
dition of the Philadelphia National Banks for the week ending
Monday, June 29, 1874
102*
Alleghany County,5s, coup...
3,162.800
2,775.500
3,1<!3,600
2.874,600
3,016,900
2,844,300
2,826.390
2,929,200
April 6
April 13
April 20
April 27
May 4
May 11
75“
133*
106*
Chic., Bur. A Quincy
8%
Gin.,Sandusky A Clev.stock.
:
Increase $1,079,600
Decrease.
21,200
Circulation
Specie. LegalTender.
3.963,800
10,909,700
3,647,100
10,654,600
10.904,000
3,4^1.600
3,509.900
10,285,100
3,339.400
10,870,400
126.899,400
126,921,600
126,491,900
127,005,900
follows
Deposits
the totals for
Loans.
are as
24
132
6s,’97
Pliila. & Erie 1st m. 6s, *81...
do
2d m. 7s.’88...
in.
Phil.,Wllni.* Bal.,6s, ’84...
Pitts., CIn. *£t. Louis7s...
OgdenBburg & Lake Ch. 8b.. ..
Pennsylvania 5s, coup
The deviations from last week’s returns
100*
100*
Portland 6s
309,100
238,100
126,500
284.U00
170,300
249,900
213,600
310.300
134,300
8,500
1U9
102
ICO
100
Chicago Sewerage 7s
do
Municipal 7s
240.400
593,590
.
Massachusetts 6s, Gold
do
5s, Gold
Boston 6s, Currency
do
5s. gold
239.900
445.100
120.000
353.200
323,600
851,900
1,596,200
1,149,900
866,300
1,392,700
186,900
99*
348,000
847.100
5,113,100
44.3U0
101*
48U.2UU
1,151,200
-
101
..
6s
731,290
117.200
861,800
37,900
92,100
Maine 6s
New Hampshire,
Vermont 6s
1910
gen.m., reg.,
Perklomen 1st
BOSTON.
567.700
525,200
713,600
854,600
43,000
489.600
172.900
150,000
794,910
550,300
1,257,7(0
101,100
165,700
124.400
785.860
559.390
500.300
671.000
738.100
775.200
116,000
....
3.349.000
2,161.200
2.522.30C
3,0-5,200
3,88'MOO
3,296,000
1,451.600
3,491.500
1.793,900
4,146,1(0
4.771.200
1.261,001’
5,0.2.300
1.990.800
6,030.500
2.997.500
3,538.600
1.S20.00G
2.305,400
7.065,500
1,500,000
First
Second (Granite)...
Third
Bank of Commerce
Bank of N. America
B’k of Redemption.
•
2,529,500
2,000.000
Washington
•
1.578,360
2.042.100
1,267,900
8,114,200
574,100
1,000.000
1,000,000
Shoe A Leather
•
•
1,727.800
200,000
1,000,000
1,000,000
900,000
Old Boston
1,000
2,581.700
1,669,000
2,271.110
800,000
1,000,000
750,000
I,1000,000
500,000
800,000
800,000
400,000
3,000,000
Manufacturers.
43.600
1,802.700
936,700
614,200
257.000
991,800
Bid
8ROURITIXB.
Pennsylva,,
$429,590
736.900
$495,000
153,900
275 700
153.400
90,000
Bid. Ask.
8KCUEITIK8.
Deposits
.
$115,700
2,43t.8ou
1,021,300
1,000,000
Freeman’s
Globe
Hamilton
nqcle. L.T. NOtBS
29.600
10,2(0
528,300
966,700
2,487.000
2.046 500
2.620.700
702,300
200.000
Faneull Hall
3
QUOTATIONS IN BOSTON, PHILADELPHIA, BALTIMORE, &c.
a statement of tlie Boston
Clearing House on Monday,
Capital.
Atlantic
Atlas
Blackstouc...
Boston
Total...
[July 4, 1874
THE CHRONICLE
44
91*
85
25
...
Pacific (of Mo.) 1st M. gld
do
do
2d M. bds.
78*
79*
40
49
65
41
...
Kansas Facitic stock
do
lstM.gld6s.J. & D..
do
do
do F.&A
Pacific RR. of Mo. stock
*
And Interest.
.
..
78
3*
X
Government Bonds ana
cent
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
active Railroad Stocks are quoted on a previous page ana not repeated here. Prices represent
value, whatever the par may be. “ N. Y. Local Securities ” are quotd ine a separate list.
Bid. Ask
8KOURITIKB.
U. S. Bonds.
(Others quoted previously.)
5-22s registered, 1662
5-20 Called Bonds, 1862
5-20s, registered, 1864. 1
....
5-20s, registered, 1865
5-20s. registered, new issue, ’61
5-208, registered, 1667
'5-20s, registered, 1668
^
5s, registered, t881
State Bond*.
Alabama 5b, 1833
..
do
8s, 1886
do
no
Ill
U63*
11631
in”
116
1163* 1163*
113*3*
45"
....
do
8s, Alab. A Chat. R..
of 1S92..
do
£s
Arkansas 6s, funded.
io
7s, L. R. & Ft. S. las.
lo
7s, Memphis A L. R.
1o
7s, L.R..P. B.AN.O
IO" 20"
ioi"
io"'
....
101
....
20
debt.
7s, Penitentiary
6s, levee bonds
do
do
1875..
..of 1910.
Michigan 6s, 1878-79
do
68,1883
....
20"
22
22
100
..
101
•
.
.
.
.
.
....
....
....
94
95
92
92
94
106* 107
:06*
do
do
6s, do
do
6s, do
5s, do
5s, do
do
do
North Carolina 6s,
do
do
do
do
do
do
do
do
do
10
do
do
do
do
do
do
do
do
do
d
25
do
A. AO.
N. C. R.R. J A J
do
A. A O
do coup off, J. A J
do do oil', A.A
do
0
25
24
20
Funding Act, 1866.
1868.
bonds, J. A J.
A. AO.
do
Spec'l Tax, Class I
new
20
do
Class 2
do
do
do
do
Class 3
98
Ohio 6s, 1875
luO
do 6s, 1881
10-2
do 6s, 1S86
1U0*
Rhode Island 6s.
25
S mth Carolina 6s.
Jan. A July..
do >. do
do
do
April A Oct..
do
do
Funding Act, 1366
do
Land C. 1889, J & ,T
do
do
do Land C, 1889, A*()
do 7s..
do
of 188S
6
do
do nonfundable bds
81
Tennessee 6s. old
60
do ex coupon
do
81
do new bonds
do
d >
do
ex coupon
do
*
59JS
do
do
do
new series
Texas, IDs, of 1876
io
do
do
de
5j3*
•20
233*
1163*
I'3k 1033*
109
Han. & St. Jo. Land Grants...
do
do Ss convertible m.
Illinois Central 7 p. ct., 1875...
Dub & Sioux C., 1st, M
do
86
783$
100s
..
Carthage A Bur. 8s
Dixon, Peoria A Han., 8s.
.
96 S
102
iois
Chesapeake A O. 2d m. gold 7s
Col. A Hock. V. Ist7s,3<> yrs
103S
.
60
96
513*
Det., Eel River A
71*
7234
105
105
98
....
95
95
953*
893$
91
1113$
•
•
•
Erie pref
Hannibal & St. Joseph, pref..
Harlem pret......
Illinois Central..
Joliet A Chicago
88
....
98*
Long Island
Marietta A Cin., 1st preferred
do
do
2d pref...
Michigan Central
Morris A Essex
93*
Mo., Kansas A Texas
New Jersey Southern
N. Y., New Haven A Hartford
Ohio A Mississippi, preierred.
Pacific of Missouri
Fitts., Ft W. A Chic., guar...
Jo
do
special..
Kensselaer A Saratoga
*
...
Rome & Watertown
St. Louis, Alton A T. Haute...
do
do
pref.
Belleville A So. Illinois, pref
St. Louis & Iron Mountain
9t. L., Kan. C. & Northern pref
94
10
130
40
93 3*
104'
78
15
94
Ss
Indianapolis A St. Louis 7s
Jackson, Lansin.'A Sag. 8s...
.Tack., N. W.A S. E. 1st in gl s7
Kansas Pac. Vs, Extension, gld
do
7s, Land Gr., gld.
do
7s,
do new, gld
do
6s,g'd, Jun A Dec
do
6s, do Feb A Aug
do
Ts, 1876, Land Gr.
do
Ts, Leaven. Brch.
do
Incomes, No 11..
94*
..
....
ill.
U 53*
106' !
10s''j
89
74'
39*
90
9U
76
90
83*
33*
Pitts., Ft. W. A Chic., 1st M
do
2d Mort.
do
do
do
3d Mort.
Cleve. & ritts.. Consol, S. F’d.
100
do
do • 3d Mort
do
do
4tb Mort
si'
I
Logans., Craw. A S. W. 8b, gld.
1 Michigan Air Line, 8s
iMoJticello A P. Jervis7s, gold
!Montclalr 1st 7s, gold
Mo.. Kan. A Texas 7s.gold
Mo. R., Ft.. S.A Gulf 1st. M, 10s
do
2d M., 10s
do
;
N. J. Midland
1st7s,gold.....,.
•46
15 *
45
23'
35
90
94’'
75
75
35
•
IOO' ‘
22*
**
Sandusky, Mans. A Newark 7s
St.Louis, Vandalia A T II. 1st
do
do
2d guar
St.L. A So’eastern 1st 7s,gold
St. L.. A St. Joseph,lst,6s, gld
Southern Central of N. Y. 7s..
Tebo A NeoshoTs,gold....
Union* LogansportTs....
iitah Central 6s. gold
Union Pac.. So. branch,6s, gld
Wulkill Valley IstTs.gold
60
24
20
40
31
85
82
100
95
85 3$ '•53*
60
io"
‘
85
...
West Wisconsin 7s, gold
Wisconsin Valley 8s. .
Southern Securities.
CITIES.
Atlanta, Ga.,7s
100
100
Augusta, Ga.,78,bo»ds
Charleston stock 6s.
Charleston, S.C., 7s, F.Lvbds...
85
85
55*
72
Columbia,S. C., 6s
Columbus, Ga., 7s, bonds... ..
Lvnchburg 6s
Macon 7s, bonds
Memphis old bonds, 6s
do
new bonds,6s
do
end.,M. A C.K.R....
74
75
15
15
55
100
55
99
72
85
100
97
97
97
100
:oo
100
933* 1(0
99
42'
97"
100
89
96
100
i 5*’
25'
85
83
80
90
90
973*
45'
60
l66'
713*
60'
80
60
55
70
70
38
85
85
84
8b
do
62;
75'
4ff»
65*
80'
7C1
50'
6t>
48’
70
55'
68'
70
SO'
82
82-
8s
Montgomery °s
Nashville 6s, old
do
6s, new
New Orleans 5s
ao
consol.6s
do
do
do
bonds, 7s
do
do
10s
do
do
to railroadB,6s
Norfolk 6s
Petersburg 6s
Richmond 6s.‘
Savannah 7s, old
do
7s, new
65
Wilmington, N.C., 63 cold —
8s gold....
do
do
3C>
RAILROADS.
Ala. & Chatt., 1st.M.8s, end..
Ala. A Tenn. R, 1st M..7a....
do
2d M.,7a
Atlantic A Gull consol
do
do
end. bavan’h
do
do
stock
do
do
do
guaran
Central Georgia, 1st M.,7a
consol. M.Ts
do
do
do
do
stock...
Charlotte, Col. A A.,lBt m., 7s.
do
do
stock.
Charleston* Savannah6s,end.
Savannah and Char., 1st m., 7s.
Cheraw and Darlington 7s
East Tenn. A Georgia 6s
East Tenn.A Va. 6s end. Tenn
E. Tenn., Va A Ga.Jst M.,7s..
do
do
slock
20
l66'
ii>”
75
74
35
62
70
90
72
72
87
60
*00
92
do
stock
Greenville A Col. 7s, guar
do
do
7s, certlf..
Macon A Brunswick end. 7s...
Macon A Western stock
Macon and Augusta bonds... .
do
do
endorsed
do
do
stock
52
50
71
81
83
90
15
83
166'
95
88'
88
ion
90
50
65
65
62
60
60
25
15
5
73*
923* 102
65'
92
85
96"
90
42
20
1-6
25
45
85
^0
90
So
100
65
40
52
50
50
55'
Memphis A Charleston, 1st 7s..
do
do
65
2d 7s..
siock.
Memphis A Little R. 1st M
Mississippi Central, 1st m., 7s.
do
2dm., 88...
Mississippi A Tenn., l8tm.,7s .
do
do consuid.,3
Montgomery A WestP..1st 8s..
li
65
85
85
• •••
72
70
do Istend.
do
do
Income
Mont.A Eufaula 1st 8s, gld end
Mobile A Mont.. 8s gold, end ..
Mobile A Ohio sterling
do
do
do
exetfs.1
do
do
8s, interest..
do
do
2 mtg, 8s
stock
do
do
N. Orleans A Jacks. 2dM.8s. 90
do
do
cert’s. 8s. 80
N. Orleans A Opelous.lst M.8s
Nashville A Chattanooga, 6s... 75
no
Norfolk* Petersburg 1st m.,8B
do
do
7s
do 2d mo., 8s
do
Northeastern, S.C., 1st M.8s....
do
2d M., 88
SO
• » 4
60
70
80
82
72
76
75
35
93
90
85
80
93
8S
82
90
85
9(i
32
91
Orange and Alex., lsts,6s
do
2ds, fis .....
do
3ds, Rs
do
‘
4ths,8s
Kichm’d A Peterb’g 1st m., 7s.
Rich., Kre’ksb’g A Poto.fis
do
do
do conv. 7s.
Rich, and Danv. 1st cons’d 6s..
52
30
95
84
Georgia R. R., 7s
do
do
30
42
63
.
55
..
34
73
do
No 16..
Stock
Kalamazoo A South H. 8s, guar
Kal., Alleghan AG R. 8s, guar
Kal. A White Pigeon 7s
Kansas City A Cameron !0s...
Kan. C., St. Jo. A C. B.Fs of *85
do
do
do 8s of 1898
Keokuk A Des Moines 1st 7s
L. Ont. Shore RR. 1st m. gld 7s
Lake Sup. A Miss. 1st 7’s.gld.
Leav., Atch. A N. W. 7s, guar.
Leav Law. A Gal. 1st M., 10s..
Louisiana A Mo. Riv. 1st m. 7s
do
do
35
ICO
100
97'
Iowa Falls A Sioux C. 1st 7s...
101
1(0
i05
l66
1C»
75"
South Pacific 6’s,gold
Steubenville A Indiana 6s
uo
indianap. A Vlncen. 1st 7s,guar
102'
9S3*
35
Mobile 5s
FlintAPereM. Ts, LandGr..
Fort w.. Jackson A Sag. 8s...
Grand R. A Ind. 7s, gold,guar.
do
do 7s, plain
Grand River Valley 8s
Hous. A Tex. C. 1st 7s g old...
97"
105
45*
103
35
Evansville, T H A Chic 7s. gld
•
...
SI*
75
80
70
50
Det.. Lans. A Lake M. 1st m. 8s
do
do
2d m. 8s
Dutchess A Columbia Ts
Denver Pacific 7s, gold.
Denver A Rio Grande 7s, gold
Evansville A Crawfordsv. 7s.
Erie A Pittsburgh 1st 7s
do
2d 7s
do
7s. equip...
Evansville, Hen. A Nasliv. Ts..
Elizabethtown A Padn. 8s con
98"
97
1st 7s. 10 yrs..
Connecticut Western 1st 7s....
Chic. A Mich. L. Shore
Dan., Urb., Bl. A P. 1st m 7 gld
Des Moines A Ft. Dodge 1st 7s.
Detroit, Hillsdale A In. RR.8’s
Detroit A Bay Cttv 8s
...
ii>23*
do
do
2d 7s, 20 yrs...
Chicago, C. A Dub. 8<
Chicago, Bur. A Quincy 7s....
Chic. Danv. A Vincen's 7s, gld
89
.Chic. A Can. South. 1st m gl 7s
|Ch.,D. A V., I.div., 1 m gTd 7s
'Cleve., Mt. V. A Del. 7s, gold.
79S Connecticut Valley Ts
...
253*
98*
S7)$
13
50
40
..
do
Jo
95
30*
,
Burl. A M. (in Neb.) 1st conv..
Cairo A Fulton 1st 7s, gold
California A Oregon 6s, gold..
California Pac. RR.T’s, gld....
do
"
6s, 2d M., gld
Canada Southern 1st 7b, gold..
Central Pac. 78, gold, conv
do
Land G. 6s g
Central of Iowa. 1st M, 7’s gin.
do
2dM,7’s,gl(i
Keokuk A St. Paul, 8s
'
913$
93
,
....
603*
813*
6(1*
103'
..
Bur., C. li. A M. (M. div.)g.7s.
Sioux City A Pacific 6s
Ask,.
2530
Oregon A California 7s, gold..
91
Oswego A Rome 7s, guar
Peori a.Pekin A 1.1st m. gold 65
Peoria A Rock I. 7’s, gold — ,65
Port Huron A L M.Ts, gld. end. i 26
do
do
7s, gold..
Pullman Palace Car Co. siock
do bonds, 6s, 1st series
Rockf’d.R I.A St. L.1st 7s,gld
95
Rome A Watertown 7s
973*
Rome, W. A OgdensburgTs..
Rondout A Oswego 7s,gold..
2a 7s
Southern Minn, construe. 3s
do
do Ts
St. Jo, AC.Bl. st M.,IDs
do
do
8 p. c:
St. Jo. A Den. C.8s,goid,W P.
do
do 8s, gold, E. D
723*
11
O.O. A Fox R. Valley 8s.
C bi
Quincy A Warsaw, 8e
1 O o
i- O
Ill. Grand Trunk..
Chic., Dub. A Minn
Peoria A Hannibal R. 8’s. I == £
Chicago A Iowa R. 8’s.... u
American Central 8s
J
Chi. A Southwestern RR. 7’s..
97"
93
773$
N. J. Midland 2d 7s
N. Y. & Osw. Mid. 1st 7s, gold,
do
do
2d 7s, conv.
do
West. Extension Ts.
N. Haven, Middiet. A W. 7s....
North. Pac. 1st m. gold 7 3-lUs
do
Land Wariants...
Omaha A Southwestern ltR.8's
“
Atchison, Top. A S. Fc 7s gld. 60
Atchison A Nebraska 8 p. c.... 40
102
Bur. A Mo. River, stock..
Land M. 7s.. 97*
do
do
2d S., do 7s..
do
do
97
r* n
■m
<d S.. do 8s..
4th S., do 8s... 97
do
do
5th S. do 8s.. 97
do
do
6th S. do 8s.. 97
do
do
do Crcston Branch 97
do
do Chariton Branch 97
do
50
..
Buffalo A Erie, new bonds ...
,?nffalo & State Line7a
Kalamazoo A W..Pigeon, 1st
Lake Shore Div. bonds
do
Cons. coup. 1st.,
do
Cons. reg. 1st...
do
Cons. coup. 2d..
do
Cons. reg. 2d.
Marietta & Cin., 1st Mort...
Mich. Cent., Consol. 7s. t902...
do
1st M. 8s, 1882.
New Jersey Southern 1st m 6*
do
do
consol.7?
New York A N. Haven 6s
N. Y. Central 68,1883
6s 1887
do
do
6s real estate
do
6*. subscription.
7b. 1876
do
do
7s, conv. 1876
do
7s, 1865-76
no A Hud. 1st mort ,coup
do
1st mort , reg..
Hud, R. 7s, 2d M. S. F. 1885
do
7s, 8d Mort.. 1875
Harlem, 1st mort. 7s, coup
do
do
reg
North Missouri 1st mort
;.
Ohio A Miss., consol, sink. f...
do
Consolidated....
2d
do
do
Central Pacific gold Bonds....
State Aid bds.
do
Western Pacific bonds.
nnlon Pacific 1st M’geBonds.
do
Land Grants, 7s.
do
Income 10s
do
Sinking Fund...
Pacific R.o ’ Mo. 1st M
do
• o
2d M
Pacific R.7s .guart’d by Mo...
30"
90
Atlantic A Pacific L G. 6s gld
do
2d M
do
100
Mich. So. 7 perct.2d Mort
Mich. 8. & N 1. S. F. 7 p.c.... 1033f!
10U
Cleve. A Tol. Sinking Fund ..
97 >4 98
Cleve. A Tol., new bonds
98
Cleve., P’vllle A Ash., old bds.
97
do
do new bds.
Detroit, Monroe A Tol bonds.
92*
Miscellaneous* List.
96S
2d div
70
1884
1887
do
do
Arkansas Levee bouds 7s
Atchison A P. Pk,6s gold
19334 I03>4
97'
64
Nashville A Decatur 1st M. 7e
South Side.L.l, 1st Mort. bds
Western Union Tel. 1st M.Ts..
108
103
2d Mort
Conv. bonds 92
Construction
no
7s of 1871.
101
Erie 1st Mortgage Extended
do
do
Endorsed.
IDO*
do 2d
do
7s, 1879.
98
do 3d
do
7s, 1833
do 4th do
7s, 1880
90'
do 5th do
7b, 1838.
7b, cons. mort. gold bds..
Long Dock Bonds
Bull. N. Y. & K. 1st M., 1877....
do
large bonds..
—
Long Island RR 1st M
do
do
do
do
do
Equip. Bds
do
106
Essex, 1st Mort
80
tons. Convert.
do
...
39
&
conv.
96
81
Pekin, Lincoln A Decatur IstM
Cin., Lafayette A Chic. 1st M.
Del. A Hudson Canal 1st M.’91
,
2d M..
7s.
95
Han. A Cent.Mit-Bouri IstM.
Central ofN. J.,lstM., new.
do
do
2d Mort.
102 >4
do
do con.conv.
99 S
Am. Dock * Improve, bonds.
1U7”
1(6
Mil. & St. Pau i 1st M. 8s P.D
do 7 3-ld do 91 3*
do
do
do
do
7s gold R. D.
do
do 1st Mort. LaC.D
<t>* 793$
do
do IstM.I.&M.D.
do
do
IstM.I.&D..
do
do
lstM.f.&i...
do
1st M.H.& D.
do
do
do
IstM.c. & M. 79
do
2d M
do
do
Chic. & N. Western S. Fund... U3
do
do
Int. Bonds
88
do
do
Consol, bds
do
do
Kxtn. Bds
102'
do
do
1st Mort.. 1003*
80
803*
do
do coup gld bds
do
do reghl
do
93'
Iowa Midland, 1st mort., 8s...
102
Galena A Chicago Extended
do
2d Moit...
Peninsula 1st Mort., conv.
Chic. & Milwaukee 1st Mort...
Winona & St. Peters 1st m
do
2d m..
100
C. C. C. & Ind’s 1st M, 7s, S. F. 99*
do
do
56
Lafayette, Bl’n A Miss. 1st M.
533*
,
Indianap., Bl. & W. IstM
(Active previously quoted.)
Albany A Susquehanna..
Central Pacific
Chicago A Alton
do
do
pref
Chic. Bur & Quincy
Cleve.. Col., Cin. A Ind
Cleve. A Pittsburg, guar
Dubuque a sioux Citv
55
53
52
45
Cedar Falls & Minn. 1st M
Itallroad Stocks.
m....
do
Income
Joliet & Chicago, 1st Mort...
Louisiana* Mo., 1st M. guar.
St. Louis, Jack. & Chic. 1st M.
Chic., Bur. & Q. 8 n. c. Is* M..
do
30
new bonds
do
do consol, bonds
do
do
2d8eries..
do deferred do
Toledo, Peoria A Warsaw
,
do
do
ex coup
Chic. & Alton Sinking Fund,
do
do
1st Mortgage..
Morris &
do
do
do
loan.l8S3.
do 1891.
do
1875.
do
1876.
old, ,J. & .1
do
22*
Bur., C. Rapids & Minn.1st 7s,g
do
do
993*
2d Mort
Hannibal A Naples IstM.,—
Great Western, 1st M.. 1888...
do
2d M. 1893...
Quincy & Tol., 1st M.t 1890
111. & So. Iowa. 1st Mort
Del., Lack. & Western, 1st M.
coup.l8s7.
6s,
1013s
Guaranteed
do
do
do
do
do
10036
do
d*-
.
6s Cold reg. 1687.
do
do
do
110
20
x3«0
72
...
6s, Canal Loan 1874. 109
1875.. 109
6s, do do
109
137
§s, do do
6s, do do
1876. 109
do
do
W.D..
do
Puri'i) DJv
do
co
2d M
do
do Consol. 7s..
Pol. A Wab’h, 1st Mort.'ext’d.
do
1st M. St L div
.
s
c
•
1U0
Missouri 6s, due lu 1971
do
1975
do
1876
do
do
1877
do
do
do
1878
do
1830
do
do
Long bonds due ’81 to '91 incl
Asylum or Unlv *rs,. due 1842
llan. & st. Joseph, due 1874.
do
do 1875
do
do lw7«.
do 1886.
do
do
do ,1837.
New York Bounty Loan, reg..
do
do
do
coup....
no
4
19
107
Louisiana fis
do new oonds
do
do
do new tloatlng
do
'3'
Chic. R. Island & Pacific
Kentucky 6s
8s
8s
8s
do
do
so
80
Indiana 5s.,
Illinois 6s coupon,’77
do
do
1879....
do
War Loan
2d
3d
793*
723*
38
do
Railroad Bonds,
Albany & Susqh’a, 1st bonds
do
do
44*
42'
pref.
Chesapeake & O. 6s, 1st
O
•
do
119 h 1193*
64’
th&ftst
Bid
axcnnuTiKs.
Ask
60
Tol., Peoria A Warsaw, E, D.
50
35
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
Bost., Hartf. & Erie, 1st M.
110
Georgia 6s
do
7s, new bonds
do
78, endorse l
do
7s, Gold bonds..,.
Co., Baltimore
do
do
*3
Jo
Canton
Cent.N. J. Laud Improv. Co
Delaware* Hudson Cauai....
American Coftl
Consolidation Coal of Md
Cumberland Coal and Iron
do
45"
-
8
8
9
do
2d Mort..
St. L. A Iron Mountain, 1st M.
do
do
2d M.
Alton A T. H., 1st M
2d M. pref...
do do
2d M.income..
do
do
Bellev’le A S.llls. R. 1st M. 8’s.
do
Boston Water Power
Mariposa Land & M. Co
8s Mont A Euf’la R..
45
do
is Ark. Cent R...
California 7s
do
7s, large bonds.
Connecticut 6s
Col., Chic. A Ind. C., 1st Mort.
Jliscellaiieoiiw Stocks
American District Telegraph.
A tlantic & Pacific Telegraph.
1133*
Bid.
8KOUBIT1KS.
Bid. Ask.
8KOUR1TIK6.
Toledo. Wab A Western, pret
86,1888
do
do
do
do
do
13
THE OHllONICLE
July 4 lb74.j
75
90
65
80
80
68
past nrK oorpovs.
59
30
77
fcnneBsee State Coupons
Virginia Coupons.
.
ao
Consol. ( oup
Memphis City
Coupons
.
50
62
35
r
.
[July 4, 1874,
TUB CHRONICLE
14
NEW YORK LOCAL
SECURITIES.
Marked thus (*) are
Par Amount. Periods.
notNational.
UK)
American Exchange.
Bowery
Broadway
Bull’s Head*
Butchers & Drovers ..
5 j)<)0,000
Central
100
2,000,000
25
450 (KX)
Chemical
Citizens’
100
25
300,0(K)
City
100
UK)
pm
100
100
100
pm
Commerce
250,000
t,000,000
300, (KX)
East River
Eleventh Ward*
Fifth
750 000
1(K)
UK)
1(K)
25
Germania*
Greenwich*
Grocers
100
1(K>
Harlem*
Irving
100
1(K)
1(K)
50
100
1(1)
Leather Manufactrs...
Manufctrers’& Build.*
Manhattan*
Manut & Merchants*.
Marine
Market
Mechanics
1(K
25
50
25
100
50
51'
UK)
UK'
10O
UK)
Asso’tion..
Mech. Bkg
200,000
200,000
300,(KK)
(XK),i)0U
100,000
50 V 0"
1
Importers’ & Traders’.
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex...
Metropolis*
Metropolitan
Murray Hill*
Nassau*
National Gallatin
New York
New York County
N Y. Nat. Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Sort i America*
North River*
Oriental*
Paeihc*
Park
Peonies*
Phenix
50
100
10(1
100
100
UK)
11'0
100
.-()
25
Q-J.
Q-J.
’5(K).(00
600,(KK)
s,(;n (no
lOO/KX)
050.000
500JKM)
4(K),()0()
lJXJO.OOC
2
2,000,000
5(K),000
O'Xl.OOO
1,000.(XK)
s.uoo.oco
501,000
4.IKK) ,000
200,000
1,000,000
1,500.000
3.(XK>,('00
200,000
500,Ou0
500.(KK)
1.500,0 O
200,000
1,(HK),(XR)
UK)
IRTODOO
Seventh Ward
Second
Shoe and Leather
Sixtii
State of New York
UK)
UK)
100
100
100
KX'
,
2,000,OK)
1 ,(XK 1.000
UK)
•to
50
ion
1.IKK),0()t
1,500,"00
20l).000
,
F.&A.
F.& A
J. & J.
J. & J.
J & J.
J. & J
M.&N.
.1. & J.
J. & J.
J & J.
M.&N.
J. & J
1,000,000
.
200 000
i 25
•
•
.
Citizens’.
City
•
Clinton
Columbia
commerce Fire....
Commercial
Continental.,.
.....
.....
...
.....
17 j
Eagle
Empire City
.....
.
.
lr>0
170
92
91*
Exchange...
Farragnt
.
.
.
.
95
10)
105
101
...
Globe
.
119
Greenwich
Guardian
Hamilton
195
......
•
152
73...4
•
140
Howard
1151
1.3
116
106
iio
i.27
1.74. .4
•
•
Mech.&Trad’rs*—
M(‘Chanics’(Bklyn)
95
101
Jl
•
.
*
....
.July 1,74...6
Jan., 74...4
May. 9,7).. 4
108
2,(KX),000
1,200,0(K)
iio
ice
Jaii.2'74.2*g
.July 1,74-.4g
July 1,74...5
May 1, 74...5
July 1. ’74...4
Republic
50!
20
Harlem
Jersey City & Hoboken
1,850,000
386,000
50, 4,000,000
Manhattan
2,300,000
750,(KK)
100
•Metropolitan...... ..
do
certiticates
M utual, N. Y
.
135
St.Nicholas
Standard
,.
.
Star
Sterling
Stuyvesant
Ask(l
Jan. 15,74
5
Juuel5,’74
Feb., 74.
219
163
97
130
221
'.70
iro
:33
Jan., ’74.
Melt., ’74.
220
KOI 4,IKX),(KK)
iu! 1,000,000
j ;KX),(NX)
.
5(1
40',(XX)
50! 1,(KX),000
Westchester Countv
....|
S<*»"n
Q-F.
J
UXK).(XK)
Bleecke.r St.it: EultonEerry—slock lOttf
1 00
6K4,(KK)
1st mortgage —
Broadway if- Seventh .1 re—slock. 1001 2,100.000
iOOCj 1,Gtk.),000
BrookIt/n City—stoe.k
1st mortgage
Broadway (Brooklyn)—stock
BrooklynHunter's
j! 1(XX> •2,'KK),(KK1
lb 300.000
‘2(K).(KK)
40", (KK>
! 100
Pt—stock... i :ui|
I loop
3'K),0tK)
Atlantic Av , Brooklyn—1st mort. I 500
i 500
do
2d
j 500
3rd
do
Central Pk, N. if- E. River—stock UK)
11000
1st mortgage
115.000
100,(KX>
1st
mortgage bon Is
2u
104,000
1,101,000
iot) 1,000,000
11000
1st mortgage
.
8d mortgage
Cons. Convertible
Avenue—stock
1st mortgage
'lhird Avenue—stock
1st mortgage
Williamsburg ifc ElatOush— sIock.
1 it. mortg <go.
Lis
!
50
j '00"
110 0
1000
I KKK)
UK)
‘203,000
750,000
220,000
J. & J.
Q
F.
J. & D.
J. & J.
J. & J.
M.&N.
A.&O.
170 OIK)
251,000
300,000
M.&N.
797.1KK)
167,000
800,000
J. & J.
850,000
200,000
150,000
J. & I>.
F. & A.
A.&O.
315,000
M.&N.
M.&N.
J. & J.
750,000
250,000
ICKK)
UK) 2,<XK),0tK)
10001 2,000,000
too
3(H),(XX)
1‘25,0'X)
!(RK)'
column thows latt dividend or
,‘200,000
1KKUKK)
HKK)
100
93
July, 74
3
7
3
May.’74
1872
l
7
7
L8'8
ISM
185*
10J
72*
82*
1885
Q.-F.
V
May,’7 4
t
1878
7
2
7
7
7
85
80
85
161
T
100
70
1873
July’70
1
M .& S.
f»T
May.’74
r*
J. & J.
•
Feb. '71
1877
1876
18S5
18S8
Nov.’73
!
12
9*
10
i-
t
20
5
10
5
20
7
10
15
10
10
30
10
10
14
1-4
10
20
10
10
15
10
15
10
IS
10
1120
250.706
13
12
20
12
20
176,0-3
16
16
20
10
16
96,107 12
183,209
10
3*
io
18
23
111
12
12
12
11
12
20
18
20
20
14
16
12
10
14
10
5
10
11
12
57.SSS 10 10
15,7<)9 10 *■ 3*
20
16
165,316 16
47.7 79
11,631
200.000
43,447
200,000
150,000
250,000
250,000
131,409
62,186
216.767
158,628
9*
5
10
10
10
14
14
io
7
10
10
10
33.235 io
66,279 10
32,8 3 10
200,000
200,000
13*
14
14
10
I10
10
10
12
14
14
J10
85
97
.....
230
75
.
10
6
5
10
13
10
14
10
'an.
• .
-
.
1C5
80
.
.
• •
,
75
100
100
80
......
130
no
145
102
135
106
in
...
..
90
155
90
85
<50
85
100
90
......
95
165
75
160
....
l'Ji)
100
17"
147
....
,74..6
5
Feb.,74.10
July, 74.. 5
Feb.,74..5
Jan., 74. .5
July, 74..5
Feb,.74..5
Jail., 74..7
Jail., 74..5
74..7
Jan., 74 .5
Jau.,
.
•
•
150
70
105
112
•
.
•
....
105
85
85
65
80
60
160
Jan., 74
,
70
65
1-70
•80
95
65
July. 74..=
July,’74..5 1(0
A pi.. 74.. 6
July *74.10 190
July, 74.10 110
Feb., 74.10 '.90
July, 74.10 135
Jan., 74..5 104
75
Jam, 74 5
20
.
.
.
.....
...
.
.
•
97
95
74..5
July, 74.10
20
18
.
90
30
65
Jail., 74.10
Jan., 7 4..5
Jan., 74.10
Feb.. 74.10
6
20
.
72*
jan..
20
16
25
.
100
.,74..7
4
20
11,340
150,000
Ja
.
.
115
218
SO
102
80
90
9?
120
250
70
140
95
July, 74..5
July, ’74..5
•ft
...
i04
74.10
J uly, 74. .7
Mch.,‘74 31t
July. 74.10
Jan., 74.10
Jua., *74. .5
Jail., ’*<4. .5
Jan., ’74..5
Jan., 74..5
Jan.,74..5
Jan., 74. .5
Jan., 74..5
July, ’74.10
io
260.705 16
74,470 10
18,336 10
87,540 20
26,101
137,086 ii
190,2(8 20
46,539 12
-
7*
Jan.,
a
85
HO
210
100
80
July, 74. .5
*
...»
•
100
7* July,74...5
io
io
150,000
....
•••••
.
.
95
.
100
85
90
80
140
110
140
125
•
...
....
capital and profit scrip.
re-insurance,
cent, in cash.
K. Sistare.}
Prick
Months Payable.
ioo
1890
1
nocks, also date of maturity of bonds.
55
Feb., May Aug.& Nov.
do
do
do
do
do
Jersey City:
var.
Water loan
do
1852-67.
1866-69.
1869-71
Citv bonds
do
Park bonds.....
Water loan bonds
Bridge bonds
Water loan.
City bonds
Kings Co. bonds
do
do
»
And Interest.
do
do
do
May & November.
Feb.,May, Aug.& Nov.
May & November,
do
do
'
do
do
do
do
1S63.
do
do
1863.
Improvement stock.... 1869
do
(.0
....1869.
Consolidated bonds
var.
Street imp. stock'
var.
[Quotations by N.T. Beers,
Jr., Broker. 2* wall st.1
Brooklyn- Local Improvcm’t
135
Feb., May Aug.& Nov.
dodo
do
do
do
do
do
do
May & November.
Central Park bonds. .1858-57.1
do
do
..1853-65. |
Dock bonds
1852. i
do
1870.1
Floating debt stock— 1860.
Market stock
1865-68.
Bergen bonds
1868-69.
Assessment bonds...1870-71.
.....
45
5
10
5
327,584 10
111,467 Iff'
255,694 16
131,879 10
184,417 12
Sewerage bond?.
60
Feb. 1/74
1890
1890
10
2(6
190
130
150
120
80
20
10
15
77.573
85.037
New York:
Water stock
1841-63.
do
1854-57.
Croton water stock..1845-51.
do
do
..1852-60.
Croton Aqued’ct stock. 1865.
do
pipes and mains.
do
reservoir bonds
i
Soldiers’aid fund
100
7
4
7
2
5
7
•
Jan.’74
6
Z
7
Q-F.
1
1882
1890
1877
Jan.,74.8*
Feb.,74.10
Jan., 74..7
J»n., 74..5
July, 74..5
5
Jan., 74..5
11
8* 8* Jail.,74...5
20
Ap)., ’74.15
20
10
Ju'y, 74 .5
10
to
Jan., ’74..5
10
7
Jan., 74..5
5
July, 74..8
5
Jan., 74. .5
io Jan., 74..5
10
5
Feb.,74..5
10
4
Jan., 74..5
10
July, ’74..5
10
11
20
10
16
10
147,745
35,438
300,000
2(X),000
2(K),r00
100
200
‘iio”
12* 12* Jan.,74.7*
28
Jan., *74.25
24
Jan., 74..5
8*
20
July,74..10
17*
10
Julv, 74. 5
10
8*
July, 74..5
10
Jan., 74.. 5
5
10
11
53.082 10
iKate.
18dl
7
7
7
10
93,874 20
59,418 5
22,533
1,(XX),000
200,000
Feb., 74.10
July, 74.10
20
20
IS* 7
14
‘JO
10
17
10
5
10
Interest.
187
102
170
6d
i
10
10
57,210 10
4,520
244,672 io
123,827 10
350,000
200,000
200,(KX)
80
95
180
-
[Quotations by Geo.
x68
Jan., 74
i
50
10
10
9,930
62,187
500.000
....
.
City Securities.
95
1884
25
4
257,122
80,6su
217,374
24,653
112,555
137,544
33,329
238,983
250,000
200,000
150,000
200,000
200,000
300,000
150,000
2(X),000
200,000
210,000
2(H), 000
2<Kl,(XX)
2(H\000
150,000
id'
20
10
20
20
10
15,645 10
2 0,000
150
117
100
70
*****
188,248
Over all liabilities, including
126 per cent tu scrip and 5 per
18S0
i
25
50
100
100
25
25
20
•••••«
ii’2
99
7
100
20
70,493 io
*
....
214,000
42d St. ,£* Grand St Ferry—stock..
1000
1st mortgage
.
.
•20
Grand Street if- Newtoicn—stock.
-V1
lark Avenue—stock
I'M)
1st mortgage
100
flinth Avenue—stock
Sixth
.
000
1st mortgage
Second Avenue—sto
1st mortgage........
2d mortgage
J & J.
A.& ().
A.& O.
J. & J.
M.&N.
Eighth Avenue—stock
90
’73.
’74/ 130
J. & J.
J. & J. i
600,001)
1
Jan.,
Jan.,
Q-F. j
F. & A.
UK'
5
5
J.&D.
550.000
CmeyIsland Jt Brook'll—ist mort
Dry Dock, E. B. (t Battery—stock
'2d mortgage cons’d
14 x32
J. &M.
J & J.
I l (XX'
do
11.9
J
100
25
20
86,766
74,204 20
21,755
500,000
20",000
200,000
200,000
150,000
400,000
200,000
2,500,000
150,000
500,(XX)
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
100
140
85
98
100
May 1 74.
.
i...
1,73
50
50
50
100
236
130
90
;27
85
80
112
93
5
4
& J
J. & J.
.
#
Nov.
10s.
7
M.& S.
F.&A.
IKK),000
1st mortgage....
#
Tradesmen’s
United States
Williamsburg City.
25
100
20
10
36,872
.
..
Mcli.16,’74
.
M.&N.
People’s (Brooklyn)
do
do
bonds....,
5
5
^
5
.
—
Safeguard.
5
KX). 5 (KH),000
25 l/KK'.IXKi
Nassau, Brooklyn.
,
do
scrip
New York
do
300.0!‘0
...
50
50
50
30
50
50
37 *
35
100
100
ro
25
Rutgers’
143
138
Bid.
7
25
,
Resolute
Last
dividend.
Q-F.
J. & J.
A. & ().
F. & A.
J. & J.
J & J
M. & S.
J. & J.
25
50
25
1(X)
100
Phenix (B’klyn) ..
.-...
Relief
£h
20,
100
People’s
i55
o
25';
50
80
20
40
50
12
10
50,131 10
137,974 18
891,016 20
69,113 10
1,000,000
50
N. Y. Equitable....
New York Fire ...
N. Y. & \ onkers..
Niagara
North River
Pacific
Park
Peter Cooper
-
.....
and City It.lt.
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn
do
certiticates....
50
17
10
10
100
100
50
50
25
100
15
50
50
100
25
50
National
.
Feb.9 74. 4
Jan. 2.74...3
Jan. 2,71...5
!
300,000
200,000
200,000
200,000
204,000
150,000
150,000
200,000
Metropolitan
Montauk (B’klyn).
Nassau (B’klyn)...
....
.
io7*
Par; Amount. Periods.
40
ii
13
12
10
10,462
214,850 i6" is”
20
224,865 20
227,332 33* 13
193.994 14* 14*
14
98,640 14
10
20,349 10
10
27,093 11
1,000,000
Mercantile
Merchants’
....
Stock* and Bonds.
[Quotations by Charles Otis, 47 Exchange Place, and other brokers.1
Gas
100
Lorillard
Manuf & Builders’.
Manhattan
..
12j
200,000
8(0,000
50
Lafayette (B’klyn)
•
•
250.000
5
14
6
65
60
85
3* Jan., 74..5
Jan., 74. .5
14
Jan., 74..7
10
Jan,, ’74..5
5.
Jan., 74..5
Jan..71..5
Dec ,73.10
20
10
10
15.235
6,598
200,533
45,287
15,193
48,768
318,257
200,000
200,0(0
200,000
153,000
800,000
210,000
250,000
800,000
200,000
200,000
Lamar.. ",
Lenox
Long Island(Bkly.)
180
106
128
July 1.74...5
8
12
11
8
200,000
Kings Co. (B’klyn)
Knickerbocker
115
July 1,74.3*
Feb. 9,74...4
8
400.000
Irving
165
110
140
9
8
50
100
25
50
25
100
25
17
20
70
100
30
100
Jefferson
July-1, 74...6
May 1, 74...3
July 1,74...6
12
200.000
Importers’* Trad..
i35
1, 74 A
July 1, 74.3*
12
Hope
114
Julv
12
12
10
7
K
Hanover
Hoffman
Home
•
.....
Apr.10,74.. .4
July 1, 74...5 122*
Jan.-2,74...6
90
July 1,73... 3
May, 73... 5
July 1, 74...4 10U
Jan., ’73.73
12
*
•
.....
50
May.11,74..4
n
—
Firemen’s Fund....
Firemen’s Trust...
Gebhard
Gerinan-American
Germania
......
25
100
100
30
Firemen’s
Apr.
6
10
.
•
8
8
12
10
4
Broadway
...
July 1, '74 ..5
May 1, 74...4
May 1.74,.. 5
May 1,7! ...5
11)
.
.
.
3
.
1,(’00,000
Jan.,
14
6
5
8
6b;
Brewers’ & M’lst’rs
•
•
Brooklyn
Jan ,10,74...5
Feb. lu.74. .5
9
.
•
Feb 12 ’74 SU
8
10
7
12
16
12
10
7
8
.
£8
July 1, 74..4
July 6,74...5
.
.
Bowery
8
.
•
122
io
.
•
•
300
July 1, 74...4
July 1,71...4
7*
.
5(X).(H)0
300.000
l,u00
8
6
5
9
Q-F.
St. Nicholas
..,
July 1, 71...5
luiy 1,74...5
7
Adriatic
^Etna.
.'
American
American Exch’e..
Arctic
Atlantic
123
100
98
126
12
10
10
8
10
10
10
15
J. & J.
J. & J.
,T. & J
412,500
.
4
8
8
.
1,800 (K)()
2.000,(KK)
lio*
4
.
2,(KK),OK)
146
1,*74. ..5
July
May
July
July
7
10
10
10
.
.
400,000
50
Third
Tradesmen’s
Union
West Side*
12
8
12
7
10
10
8
12
’.0
10
8
10
10
8
6
.
3(K),(KKI
422.70 >
,
8
4
.
1,000.000
25
20
100
£Tenth
720
10
.
.
10"
Reput.lie
20
8
10
3
J. & J.
M.&N.
F.& A.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
M.& -L
J. & J.
J. & J.
J. & J.
F & A
J& J.
F.& A.
J. & J.
J. & J.
J & J
J. & J.
M.&N.
M.&N.
M.&N.
J & J.
J. & J.
J. & J.
J. & .J.
A. & O.
M.&N.
A.& ().
J & J.
,J. & J.
J. & .T.
,T. & J.
J. & J.
J. & J.
J & J
J & J.
J & J.
(XX),000
i
UK)
5"
Hanover
.
’200,IKK)
4C
'7 '
10
16
6V
8
7
14
J & J.
,J. & J.
*600,000
o
‘
J. & J.
000,000
30
..
10
20
d
Q-J.
500 00)
^
8
12
36
J. & J.
M.&N.
J.& J.
J & J
j! & J.
F. & A.
400,000
100
....
2 mos
ev.
Companies.
1,74...4
1, ’74..6
24
1, 74.. 12
Oct.. 73...4
26
10
July 1,74...5
8
duly 1,74...4
12
July 1. 74...5
100
May i, 71..15
10
-July 1, 74...5
20
May 1, ’74.. 10
8
Ju'y 1, 74..-4
3* July. 173.3*
Jni> 1. 74..!4
Feh. 2, 74. ..5
10
12
Ju y 1, 74...4
Jul vie, 73.3*
7
8
July 1, '74.. A
7
July 1, 74.3*
14
Apr. 1. 74.2*
15
Apr. 1. 74...8
9
July 1, 74.. 4
10
May 1, 74.6*
8
Feb. 1, 74...3
May 1, 74...7
10
May, L74.. 10
20
May 1,74..I*'
10
July 1, 74...5
8
July 1 74.. 4
u
Mcli. 1,74...4
14
July 1,74...7
8
July 1, 74...5
12
•Put., 1.71...6
24
20
10
Q-J.
1,000.000
10,000.000
100
First
Fourth
Fulton..
German American*..
German Exchange....
10
8
J. & .).
J. & J.
J & J
800,000
2,000,000
1,000 (KX)
100,000
1J KK),(KX)
350,000
25
25
1:10,000
150,000
100
Continental
Corn Exchange*
10
8
Net Stir
Price.
Dividends.
PLUS,
Jan. 1,
Askd
1870 1871 1872 1873 Last Paid. Bid.
1874.*
Par Amount.
Capital.
Ask<
Bid.
LaBt Paid.
1873
J. & J.
M.&N.
J. & J.
J. & J.
3,000 000
1UU
UK)
25
25
25
1872
broker, 65 Wall street.)
(Quotations by E. s. Bailey,
Pbioe.
Dividends.
Capital.
Companies.
Stock List.
Insurance
Bank Stock List.
6g.
6
do
do
do
do
do
do
do
do
January & July,
do
do
do
do
do
do
Jan., May, July & Nov.
January &
do
do
do
do
do
do
July,
do
do
do
do
do
do
May & November,
do
do
1870-80
1875-79
1890
1883-90
1881-1911
1884-1900
1907-11
1874-98
1S71-95
1871-76
1901
1878
1894-97
1873-75
1876
1889
1879-93
1901
1888
1879-82
1877-
1899-1902
1872-79
1874-1900
1375-91
1875-80
1881-95
1915-21
1903
1915
1902-1905
1881-95
1880-8S
1875-80
101
102 *
108*
103*
102 *
94*
93
103*
THE CHRONICLE
July 4,1874.]
the
1 UDC0tmcnts
late
from
decision
paying
the
vs.
due
roadaid
bouds
out
of
collected for that purpose
whether the surplus in tlie
AND
tlie
prohibits
~tlie registered
Hooger),
(Ramsey
interest
on
funds
in
tlie
him
rail-
Treasury
under tlie law of 1869 ; and, second,
Treasury to the credit of any locality
of the payment of interest is to be retained by him subject to
EXPLANATION OF STOCK AND BOND TABLES.
further legislation, or disposed of under the law of 1874, providing
for the payment of those bonds.
1
Prices of the moat Active Stocks and Bonds are given in the “ Bank¬
The Attorney General replied
ers’ Gazette,” previously.
Full quotations of all otkgr securities will be in substance as follows:
found on preceding pages.
“My answer to your first inquiry is, that under the principles re¬
2. Government Securities, with full information in regard to each
cognized and affirmed by tlie Supreme Court in its recent decision,
ssue, the periods of interest payment, size or denomination of bonds, and
numerous other details, are given in the U. S. Debt statement published in
and the provisions of tlie Constitution, you have no lawful right
The Chronicle on the first of each month.
to pay out in satisfaction of registered bonds issued by counties
3. City Bouds, and Bank, Insurance, City Railroad and
and other municipal corporations any part of tlie funds in the
Gas Stocks, with quotations, will usually be published the first three
weeks of each month, on the page immediately preceding this.
State Treasury collected from taxes levied upon any property
4. The Complete Tables of State Securities, City Securi¬
whatsoever in the State as a part of the uniform rate per cent of
ties, and Railroad and Miscellaneous Stocks and Bonds taxes levied for State purposes. However, any funds in your
will be regularly published on the last Saturday in each month. The publi¬
hands as State Treasurer, collected in any county or other munici¬
cation of these tables, occupying fourteen pages, requires the issue of a
supplement, which is neatly stitched in with the usual edition and furnished pal corporation having outstanding registered bonds, under tlie
to all regular subscribers of Tiie Chronicle.
act of 18G9, for the purpose of paying interest or principal upon
^Boston Semi-Annual Dividends.—Mr. Joseph G. Martin* such bonds over and above the regular rate levied for State pur¬
stock broker, No. 10 State street, Boston, has compiled his list of poses, are applicable to, and it is your duty to pay out the same
upon, the interest or^ principal of such registered bonds, under
dividends payable in that city in July, and says:
the provisions of that act.
The heavy reduction in dividend payments, as compared with
As to your second question, my opinion is that if there remains
two years ago, is due largely to the change in time of payment
in your custody, as State Treasurer, to the credit of auy such
from January and
July to other periods, by several
railroad manufacturing
and other corporations. The total municipal corporation, any surplus of the tax collected therein to
of
manufacturing
dividends is materially reduced by pay interest upon its registered bonds, after the payment of such
the unusual delay in making up of accounts, some of the best interest, and over and above the uniform rate per cent of taxes
levied for State purposes, such surplus may be disposed of for
and sure paying companies having fallen into this bad habit.
the benefit of the municipal corporation to wlose credit it stands
Among the changes in the few dividends announced are an in¬ under the
provisions of the law of 1874, providiug for the pay¬
crease in Middlesex from 6 to 8 per cent, and Naumkeag from 3
ment of railroad aid bonds.” ’
to 4 per cent.
The Cabot paid 5 per cent, Cocheco 10 per cent,
Missouri Bonds—Virginia Bonds.—The following notices
and Salmon Falls 3 per cent,
June 15. In railroads the
changes are not numerous.
The Boston* & Lowell dis¬ were posted at the Stock Exchange, June 80: “Missouri bonds
appoints its shareholders with 8^ per cent, instead of 4 per issued to Hannibal & St. Joseph Railroad Company, due in 1874,
cent.
Iowa Falls & Sioux City reduces from 3 to 2 per cent. The matured IGtli inst. The company advertise that they will be
Metropolitan comes back to January and July again, paying 3^ paid on presentation. The 1874’s will not be called hereafter.
per cent against 5 per cent, November 15.
The Taunton Branch, The State of Virginia will pay on the 1st of July on account of
interest coupons due January 1 last, on the old and new bonds,
one of the oldest roads in the State (183G), is omitted from the
list, having been consolidated with the New Bedford Railroad, $13 33, consolidated $20 (same as was paid in 1872 and 1873).
which, in turn, is leased by the Boston Clinton and Fitchburg On and after July 1, the lionds will be called January, 1874,
Company at 8 per cent, dividends May and November.
The coupon off‘, Edward Brandon, Chairman.”
Housatonic preferred pays 4 per cent, July 25, at Bridgeport,
Texas Finances.—The Galveston News says the attempt to
Conn., and not in Boston. The New York New Haven & Hart
negotiate $1,000,000 of Texas bonds in New York, the proceeds
ford will pay 5 per cent in New York July 2, and the Philadelphia to be used in paying tlie floating debt of the State, has failed,
& Reading 24 per cent quarterly and common and preferred July
much to the disappointment of holders of State Treasury warrants.
An Austin dispatch, however, to the same paper says that since
21, in Philadelphia.
RECAPITULATION.
Mr. Moody, me financial agent, abandoned the attempt, more en¬
Miscellaneous.
$309,250
Interest on bonds
0.708,711 couraging advices have been received.
STATE, CITY AND
CORPORATION FINANCES.
.
“
“
•
Manufacturing dividends
Railroad dividends.
Total—July 1, 1874
Jan. 1,
1874
July 1.1873
Jan. 1, 1873....
July 1,1872
Jan. 1,1872..
381.000
1,718.411
$9,117,378
9,695,075
10.130.093
12,083,034
13,750,606
13,274,740
Railroads.—The Attorney-General has
June 1G, 1874, no payment can be
for the transportation of troops or
property of the United States,-when its railroad was constructed
in whole or part by the aid of a grant of public lands, upon any
conditions as to the use of railroads by the United States.
The
remedy of such company, if it has any, is by suit against the
U.S.
Land Grant
decided that, under the act of
made to any railroad company
Finances.---The Journal of Commerce Government in the Court of Claims.
lollowing reply to a correspond! :;t:
Allegheny Valley Railroad.—At the meeting of creditors
“By the recent act of Congress th: s changed the form of in June President. John Scott presented a detailed statement of
government of the District of Columbia, an additional tax of 3 the company’s liabilities and assets. The following, in substance,
is the exhibit of indebtedness :
per cent was levied on all property there to pay the fl oating debt,
$1,964,009 15
interest on bonds, &c., of the District.
These taxes must be paid Bills payable
Accounts payable
539,329 43
beiore the 1st of next November.
Meantime, however, by au Due Pennsylvania Railroad Company
1,310,891 11
557,145 44
appropriation of $1,300,000 from Cougress, all these debts are to Due contractors and others
Bonds and mortgages on railroad, estimated
144,193 97
be paid at once.
The July interest on the funded debt can be Sundries and individual accounts...,
465,985 19
collected now at tlie First National Bank of New York. The Due railroad
companies in current accounts
..
25,567 15
interest on the 8 per cent improvement certificates is being paid Coupons of Bennett Branch bonds.
2,895 00
87,506 00
by tlie Commissioners of the Sinking Fund at Washington. Interest due,State of Pennsylvania
145,000 00
Interest on the above named securities lias always been promptly Interest due July 1, on first mortgage bonds
Taxes due the State, estimated
34,0f 0 00
paid. There is still another security, and with it there has Interest on the purchase of Oil Creek stock
„■
61,500 00
always existed a doubt as to its legality. These are known as
Total
$5,338,016 44
the sewer certificates.
But the act referred to provides for a 3'65
Contra.
per cent fifty-year bond, into which nil the debts of the District Cash on hand
$44,365 63
220,393 01
other than the funded debt and the 8 per cent improvement
certificates, (which are recognized as legally issued), are to be |
.V
52
235,600 00
funded. The following are the species of indebtedness embraced in Bennett’s Branch bonds, indorsed by Pennsylvania Railroad
-Company at 90.
the new funding proposition : Sewer certificates, certificates of the
$514,659 99
Total
Auditor of the Board of Public Works, and of the Auditor and
Comptroller of the District of Columbia ; claims existing, or here¬ Balance.
$4,823,356 45
after created, for which no evidence of indebtedness has been Add cost of 41,000 shares stock in O. C. & A. If. R
1,537,500 00
District of Columbia
has the
M^eJrn^s^nc^iccted/.V.V.y/y./V.'.*
issued, arising out of contracts, oral or written, made by the
Board of Public Works, or by or on behalf of the District of
-Columbia proper; claims for private
Board of Public Works from avenues,
U\',m
$6,360,856 45
referred to a committee of five. *
An adjourned meeting was held at Pittsburgh June 30 to hear
or report of a committee appointed at the last meeting to confer
property taken by the
alleys or streets ; unad¬
Total floating
The
debt
report was
justed claims for damages by reason of public improvement
repairs. The exchange of certificates is not compulsory, bufr will with the Pennsylvania Railroad Company. The proposition made
be desirable, because the interest on the sewer certificates will by the latter company is that the Allegheny Valley Railroad
not be paid except by funding with the bonds.
Neither Auditor’s make a seven per cent income bond limited to $6,500,000, secured
nor Auditor’s and
Comptroller’s certificates bear interest. If the by a trust deed covering all the revenue of the company over
holder of these prefers, he can wait until the District Treasury that required for ordinary expenses, and the existing bonded
gets money to pay. We cannot predict when that time will debt to be devoted solely to the purpose of funding its floating
come.
The benefit to the District in the act, and from the appro¬ debt at par, out of the bonds so issued $3,500,000 shall be used
priation of $1,300,000 by Congress, is that it gets rid of the seven to pay the floating debt of all creditors, except the Pennsylvania
kinds of indebtedness above named by funding them into the low Railroad Company, and the Philadelphia & Erie Railway Com¬
rate bond, and with the $1,300,000 can pay its July interest on
pany, with a view to have the Pennsylvania Railroad Company
the funded debt, and improvement certificates, besides paying all
agree to place a traffic contract on these bonds, and to receive
its other floating debt, which is mostly long unpaid salaries of them at par in payment of 10 per cent of all freight traffic on its
line to and from the Allegheny, Valley Road.
The creditors do
employees.”
,
not seem satisfied with this proposition, and the committee re¬
Illinois Mnnicipal Registered Bonds.—The State Treasurer
commend the enforcement of payment in all possible ways unless
addressed a letter to the Attorney General asking, first, whether
16
THE
(July 4, 1874,
CHRONICLE.
the Allegheny Valley Railroad make immediate provision for ad¬
Chicago & Paducah Railroad.
justing and liquidating their claims.
The Chicago & Paducah Railroad is a consolidation of the
Atchison Bridge.—The directors have resolved to allow the Fairburg
Pontiac & Northwestern (chartered March 7,1867) and
sale of $1,200,000 bonds at 85.
It is stated that an offer has been the Bloomington & Ohio (chartered March 10, 1869) Railroads.
made at that
price.
Atlantic & Great Western.—The lease is for 99 years from
May 1, 1874. The rent is 28 per cent of gross earnings for the
first year,
29 per cent the second year, and 30 per cent for the
remaining years of the term, payable monthly, the payment for
each month to be made on the first day of^the second ensuing
month. All dues for labor and supplies owing by the Atlantic &
Great Western at the commencement of the lease shall be paid
The consolidation took effect March 22, 1872.
The road was
constructed from Streator, Ill., to Windsor, Ill., 128 miles, and
turned over to the company August 1.1873, and now the rails
are laid from Windsor to
Altamont, 28 miles, forming a connec¬
tion with the Springfield & Illinois Southeastern Railroad by
which the Ohio River is reached. The latter portion of the line
will be opened for public traffic by the 1st of July.
Main Line.—Streator (99
miles from Chicago) to Altamont
156 miles
•
and terminal tracks
11
*k
by the Erie, and all supplies on hand shall be turned over to the Sidingsof
track 4 feet 8% inches. Rail 50 pounds.
No part of the equipment of the Atlantic & Great Western Gauge
Erie.
Equipment.—Locomotive engines 6.
Passenger and baggage cars 8, and
shall be used off its own road except as necessary in the exchange
freight cars 284. Total of all cars, 292.
of through business.
In all cases where equipment from one Gross earuings for five months prior to Dec. 31, 1873, on 128 miles,
as follows :
Passengers, $18,848; freight and mail, $104,223; other
road shall be used on the other, mileage shall be allowed therefor
sources, $635.
Total
$123,706
and shall be adjusted in the monthly statement of accounts.
The Operating expenses
35,939
A. & G. W. road, its equipment, buildings, etc., are to be main¬
Nett
tained in as good condition as when taken.
Tho Erie is to fur¬
nish the A. & G. W. within sixty days after the close of each
month a statement of the gross earnings for such month in detail,
and the latter is to have access to the books and accounts of Erie
to
verify such statements. The lease is forfeited by failure for
days to pay the rent due at any period. The Erie Company is
to pay taxes on the leased
property. The following statement
shows the amounts to be paid by the Erie Company for labor,
supplies, personal injuries, etc. now due or to become due, as pro¬
vided by the lease :
60
Hue for supplies up to 31st March
Hue on March Pay Rolls
Hue on April Pay Rolls
Hue on April supplies estimated
Due for personal injuries for which notes are given
Hue for personal injuries adjust^ and iu suit not exceeding
'...$310,727 20
"
109.335 98
192,535 64
110,000 04
8,(00 00
69,401 14
$800,000 1 0
The Atlantic and Great Western Railway Company declined to
receive and pay the coupons on tlieir first mortgage bonds due in
London July 1.
The officers of the Company in Wall street
stated that the cable advices were correct, and that the first
mortgage coupons of the road would not be paid, as the Company
did not have the requisite funds.
The Company had outstanding
in Europe, principally in England; about $15,000,000 of first
mortgage bonds, $10,000,000 of second mortgage bonds, and
$28,500,000 ot third mortgage bonds. The interest had been paid
on the first two classes of bonds.
On the third class they had not
paid any interest. It is now proposed to the bondholders that
the first mortgage coupons shall be funded into a “ deferred in¬
terest” bond, bearing interest at the rate of 4
per cent per annum,
to be guaranteed by the rental
accruing from th# lease of the
earnings
$87,767
Interest requirements (gold)
Financial condition December 31,
Stock, $1,258,000; bonds, 7 per cent,
67,200
1873:
due July 1, 1903, $2,304,000, and ‘
floating debt, $5,827
....i
$3,547,827
Cost of road and equipment
3.542,000
Directors, W. H. W. Cushman, Ralph Plumb, P. B. Shamway, F. E. Hinck¬
ley. Fauceit Plumb, R. B. Amsbury, W. E. Lodge, Walter U. Strawu, and W.
.
P. Sisson.
President, Ralph Plumb ; Secretary, P. B. Shnmway. Treasurer, W. H.
W.
Cushman. Superintendent, Q. A. Stephenson.
General Oflices
Streator, Lasalle county, Ill.
Fiscal Agency...
London. England.
P. S.—The nett earnings on the 128 miles from Streator to Windsor since
January 1, 1874, are as follows:
January
$16,461 77
$17,531 52 March
February
16,156 25
18,314 55
May
Chicago Rock Island & Pacific Railroad.—
The report for the fiscal year ending March 31, 1874, lately
issued, shows the following earnings and expenses as compared
with the two
previous years, viz.:
1873-4.
Gross earnings
Interest on loans, etc
Total
Operating expenses and taxes
Net
earnings
These
figures
$7,048,203
1872-3.
$6,419,231
1871-2.
$5,900,797
85,370
237,819
221,000
....$7,133,573
$3,876,839
3,517,783
t6,657,050
$6,121,797
$3,139,267
$3,171,535
$3,256,684
$2,950,262
the main line and branches, including the
Valley leased, amounting in all to 674^ miles of
railroad, but do not include the Chicago & Southwestern road
from Washington, Iowa, to Leavenworth, Kansas, and branch to
the Missouri River opposite Atchison—301 miles in all. The latter
Atlantic and Great Western Railroad to the Erie.
is operated by Rock Island, but the earnings, expenses, etc., are
The following changes and appointments have been made by
not given in this report.
the A. and G. W. Company :
The Accounting Department of the New York office of this
The tenor of the report is much the same as those of other
Company will be moved to the general offices of the Company prominent Western lines in regard to the results of the year’s
at Meadville, Penn.
All communications in relation to the busi¬
ness of the office
will hereafter be addressed to Thomas War- traffic—namely, showing a considerable increase in business done
nock, Auditor. Mr. Warnock has also been appointed Secretary but a small increase in net receipts, owing to the tact that rates
of the Company, with office at Meadville, Penn., vice
A.-Hege- have been reduced.
wisch, resigned. F. E. Ritman has been appointed Treasurer of
Tlie increase in the number of passengers carried and tons of
the Company, with offie at Meadville, Penn.
S. F. Uhlhorn has
been appointed Assistant Secretary of the Company at its New freight moved, as compared with the previous year is equal to
York office.
13f per cent, but owing to the lower rates obtained the increase
of passenger earnings is but 9 7 10 per cent, and of freight earn¬
Burlington Cedar Rapids A Minnesota.—A mortgage on
this railroad to the Farmers’ Loan and Trust Company for
ings 8 8-10 per cent. A comparison of the earnings for the past
$2,000,000 has been filed for record. The mortgage is on the net five years exhibits the fact, that while the volume of business has
income and equipment of the road, and is
given to secure 2,000 increased, the rate for such
transportation has decreased. While
new gold bonds.
the freight moved has increased in quantity over 90 per cent, the
Erie.—A suit has been commenced against the Erie Railway
Company by John C. Angell,in which he charges: First, improper average rate per ton has decreased fully 25 percent; and the
dividends ; second, improper purchase of Buffalo, New York and
report says that if the rates that prevailed five years ago could
Erie stock ; third, improper purchases of coal lands; fourth, that
have been obtained for the traffic of the past year the Company
the title of the coal lands was vested in Mr. Watson indivitually,
without any declaration of trusteeship ; fifth, that the assent of would have received $2,160,862 more of gross revenue.
Iu the land department sales are reported of 24,537 acres for
,tlie stockholders to the recent (consolidated second) mortgage
executed by Erie, was not obtained.
$200,152, averaging nearly $8 25 per acre;sales have been mostly
Hempstead A Rockaway.—The Brooklyn Trust Company, as of Hmall parcels to actual settlers, and near to the line of road.
trustees for the bondholders of the Hempstead &
Rockaway Rail¬ Taxes are paid by the Company on 464,000 acres of land, and after
road, lias begun a foreclosure suit against the railroad, now leased
by the South Side Railroad Company. A motion was made before deducting these and all expenses of the land department, $80,000
Justice Gilbert at Brooklyn to make Edward D. Gale, the receiver, has been carried to the sinking fund, which now amounts to
a party to the suit, and to
appoint another receiver for the mort¬ about $360,000 in cash and bonds.
gaged property. Decision reserved.
One of the peculiarities of the Rock Island reports is the large
Cairo A Vincennes.—The question of the receivership of the balance carried from
year to year as “ profit balance of income
Cairo and Vincennes Railroad has been decided by the Supreme
account,” and which amounted on the 1st of April 1874 to
Court in favor ot the St. Louis and Southeastern
Railway Com¬
pany, who will continue to operate it until Messrs. Winslow & $5,473,784, or a sum equal to over 25 per cent on the capital
Wilson are paid the amount of their judgment, $765,000.
stock outstanding. Only a small part of this large “ balance ” is
California Pacific.—Notice is given that the July coupons on in caeh or materials on hand, and in the absence of any
special in¬
$2,250,000 first mortgage and $1,600,000 second mortgage bonds formation about it in the
report it is fair to presume that it is
of this company will be paid on and after July 1,
on presentation
at the Park Bank in New York.
Reports had been circulated for represented by expenditures for construction and equipment, and
some time past,
especially in California, that these July coupons advances to the Chicago & Southwestern Railroad, which are not
would not be paid.
represented by stock or bonds of the Rock Island Company. The
Chicago A Alton.—A dispatch from Springfield, Ill., June 29, surplus for the past year was $843,386, and the report shows that
stated that the attorneys for the Chicago & Alton Railroad Com¬
only $480,000 of stock was issued during the year, while the
pany had filed the bond required in the United S+ates Court, and
prayed for an appeal to the Supreme Court of the United States, expenditures for new construction and equipment were $1,380,027,
which has been awarded them.
The only question upon which and advances to pay coupons of Chicago & Southwestern Company
the appeal is taken is the one of jurisdiction.
were $350,000, At the close of the fiscal
year the Company reports
Peoria & Bureau
cover
July 4, 1874.]
THE CHRONICLE
$4,020,000 of its capital stock
hand, which, according to the
on
purpose of the Company previously known, may be sold from
time to time, as money is required for betterments ; possibly some
of this stock has already been issued since
April 1.
Whether the Company proposes ultimately to make a stock dis
tribution to represent the large surplus above referred to, of
course the public does not know, but
certainly it is a good thing
to be able to talk about when occasion requires, and the " street ”
will not be slow to observe that these two
points in regard to
surplus income of $5,433,069 and the
fact of having $4,020,000 of unissued stock on hand—furnish to
those controlling the finances of the Company an extraordinary
opportunity to govern tho price of the stock in this market
according to their desire.
Rock Island—the nominal
OPERATIONS AND FISCAL
RESULTS *
Gross
Earnings.—Passenger, $1,669,570 62; freight, $5,003,001 07; express,
$107,098 22; mail, $149,014 61; rents, interest, &c., $104,724 72; other,
$14,764 06. Total
$7,048,203 30
Operating Expenses.—Maintenance of roadway, bridges, build¬
ings, &c., $1,132,527 97; engines, cars, and machinery, $673,603 86; transportation expenses, $1,350,789 00; salaries of
agents and clerks, $282,012 35; contingent account, $123,305 09;
car service account, $29,395 52; taxes, $137,576 17;
legal ex¬
penses, $40,646 24; other expenses, $107,033 06. Total (being
55 per cent of gross earnings)
3,171,314 04
Net
Earning over operating
Interest on loans, prem., &c
expenses
$3,876,889 26
I
85,370 69
Total income of year
Payments out of Income.—Interest on funded debt... $629,125 00
Dividends (4 per cent April 26 and 4 per cent Nov.
26\ 8 per cent
1,659,172 00
Rent of Peoria & Bureau Valley RR. Co
' 125,000 00
..
.
Total payments from Income
Surplus of the year
Balance of income account,
843,387 73
The
4,589,683 20
April 1, 1874
$5,433,070 93
operations do not include the Chicago & Southwestern RR., whose
kept separate.
accounts are
FINANCIAL CONDITION AT CLOSE
OF YEAR.
Liabilities.
Capital stock account
Fractional scrip convertible into stock
$24,999,700 00
800 00
—
Sundry balances due
Profit balance of income account...Total liabilities
70
93
$30,032,761 83
*
178,328 52
564,584 78
111,602 90
Sigourney Railroad
Cash, cash items, &c., in hands of Cashier, Chicago
Chicago Rock Island & Pacific Railroad stock
Cash and loans payable on demand
Total property and asset*. 28,496,969 03 31,489,842 14
38,716,035 39 39,473,784 19
Hugh Riddle, Superintendent of the C. & R. I., has written
letter to Governor Carpenter, of Iowa, in
regard to the
railroad law of that State, in which he
says: “ While this
company denies the justice and constitutionality of the Railroad
act, it is disposed to .subject it to the test of an actual experiment
before assailing it in court.
Schedules have been arranged in
conformity with the provisions for the transportation of persons
and property between points in the State of Iowa.
Inflexible
schedules have uniformly been found impracticable, and we
say
frankly that we do not believe that the operation of this road in
conformity with this act will accord with the principles which
govern commerce, or that the result will be satisfactory either to
the owners of the railroad or to the people of the State.
It is
hoped, however, that some practical good will result from sub¬
mitting the act to the test of an actual experiment.”
Grand Trunk (Canada).—A special meeting of the stock¬
holders will be held in London, England, July 9, to vote on the
question of accepting the act for the issue of consolidated deben¬
a
ture
stock, passed in 1874.
Indianapolis Bloomington & Western Railroad.—The Indi¬
anapolis Bloomington & Western Railroad defaulted on its cou¬
pons due July 1.
The failure to pay interest was on the exten¬
sion and second mortgages,.and not on the old first
mortgage bonds,
which is not due until October. It is understood that some
plan
for funding the coupons will be proposed.
Mississippi Central & New Orleans Jackson & Great
Northern.—At a meeting of the stockholders of the Mississippi
Central Railroad, held July 1, the action of the directors
indorsing
the Legislative act consolidating the
Mississippi Central and New
was ratified almost
unauimously.
The consolidated roads are to be known as the New Orleans, St.
Louis and Chicago Railroad.
The issue of the consolidated stock
is to be one for three of the
Mississippi Central, and two for three
of the New Orleans and Jackson.
New Orleans Mobile & Texas Railroad.—New Orleans
case of the State of
July 1.—The Superior District Court, in the
Louisiana
vs. The New Orleans Mobile & Texas Railroad Com¬
pany, rendered judgment in favor of the plaintiffs, ordering the
company to return to the State $750,000, bonds dated July 1,
1870, with coupons attached, or pay the amount in cash, with
interest, giving the State
a
first lien
on
all of their property west
N. Y. Central & Hudson.—Bids were opened this week for
$1,000,000 first mortgage bonds of the New York Central and
Hudson River Railroad. The proposals were largely in excess of
the amount offered, and the awards were made at an
average of
105 34-100. No bids under 105 were accepted.
The price is ex-
00
56
$39,473,784 19
Fort Leavenworth Railroad
WInterset Railroad.
..«
Calumet Railroad
Pacific Hotel Stock
Pacific Hotel bonds.
Railroad bridge bonds
Advances to pay coupons C. & S. W. R. R. Co
Advances for expenditures upon C. <fc S. W. R. R. Co
Bonds in hands of Assistant Cashier. Chicago
Due from Post Office Department
S tock of fuel and materials on hand
2,036,715 31
of the
Assets.
Cost of road and equipment
Indianola Railroad
1,681,915 43
140
3,449
37,124
6,433,070
agreements convertible into bonds..
Chicago Rock Island & Pacific Railroad Co. of Iowa
..
195,728 12
9,000,000 00
Mortgage sinking iund bonds
Fractional
Advances, accounts, &c
Orleans and Jackson Railroads
2,413,397 00
April 1,1873
Balance of income account,
*
$3,256,684 73
17
229,233 16
55,755 65
125,000 00
389,371 54
.....
387,136 49
919,712 49
1,088,839 88
25,500 00
28,162 94
76.462 96
Mississippi.
interest.
The Central Railroad tax has been on trial before the
States Court at Canandaigua during the past week.
United.
District
Attorney Crowley conducted it on the part of the Government,
and Senator C'onkling and Mr. Fairchild represented the other
side. Judge Wallace directed that a verdict be rendered for the
company, on the ground that interest certificates are not taxable.
Philadelphia & Reading. —The Philadelphia Ledger of the
1st in8t. says: “We are advised from London that the
& Reading Railroad Company issued yesterday to
house of McCalmont, Brother & Co., London, a
Philadelphia
the banking
sterling loan of
£2,000,00 at 90.
This is a proof of the excellent credit of this
in Europe, and justifies what we have said as to the
I
565.896 36
feeling of capitalists there towards American works of credit.”
Total property and assets
$39,473,784 19
Pittsbnrg & Connellsvilie.—The Baltimore Su/i says; “ It is
COMPARATIVE STATEMENT FOR FOUR YEARS.
announced that the Pittsburg & Connellsvilie Railroad
Company
Boad and Equipment.
continues as heretofore, unable to meet the interest falling due
on their bonds.
1870-71.
1871-72.
The coupons of the first mortgage, due July 1,
1872-73.
1873-74.
Miles of road owned
544*00
565*00
613 03
627 71
will, however, be purchased by the Baltimore & Ohio Railroad
Total equiv. single track...
673 00
756 25
797 30
700 00
Roads leased
Company on presentation at the Merchants’ National Bank, as
347*75
347*75
347 75
347 75
Total miles operated
891*75
912*75
961 25
975*46
formerly.”
Locomotives
145
182
197
215
Poughkeepsie & Eastern.—In a suit against this company
Passenger train cars
90
93
102
107
Freight and construction
Judge Barnard ol the New York Supreme Court has appointed
train cars
2,968
Jacob B. Carpenter receiver.
3,701
3,940
4,088
Operations and Fiscal Besults.
St. Louis & Southeastern Railway.—Notice is given that
Total passengers carried...
708,815
708,443
956,743
1,088,906 the payment of the coupons of the late Evansville Henderson and
Total carried one mile.
44.609,479
38,540,595
42,382,171
49,186,817
Nashville Railroad Company, due July 1, will be postponed until
Total tons freight moved..
914,345
993,599
1,289.890
1,399,383
Total tons moved one mile.
15f,864,519
168,764,688
200,217,943
249,523,401 the 1st day of September. On and after that date they will be
$
$
$
$
Passenger earnings
1,713,123 16 1.394,140 12 1,521,790 14 1,669,570 62 paid at tbe banking house of George Opdyke & Co.
Toledo Wabash & Western.—At a meeting of the directors
Freight earnings
4,023,271 60 4,213,371 65 4,597,982 01 5,003,001 07
Other earning s
291,892 53
293,285 61
299,459 11
375,631 61 cf the Toledo Wabash and Western Railroad, J. It.
Cecil, J. S.
Total gross earnings
6,028,237 29 5,900,797 38 6,419,231 26 7,048,203 30
Operating expenses
3,405,459 06 2,950,262 86 3,517,783 49 3,876,889 36 Casement, and Kenyon Cox tendered their resignations, which
Net earnings
2,622,828 23 2,950,534 52 2,901,447 77 3,171,314 04 were accepted, and Messrs. George J. Seney, Cashier of the Metro¬
Total net receipts from
politan Bank ; W. B. lsham, Vice-President of the Union National
all sources
2,622,828 23 3,171,535 13 3,139,267 18 3,256,684 73 Bank
; and A. B. Baylis of A. B. Baylis & Co., were elected to fill
Interest on funded debt...
617,751 75
609,175 00
621,670 00
629,125 00
675,434 69
4,020,000 00
.
company
.
...
Rent of Peoria & Bureau
Val. R. R.
Dividends.
Balance to surplus
the vacancies thus created.
125,000 00
1,229,466 00
650,610 48
125,000 00
125,000
1,439.708 00 1,519,944
997,652 13
872,653
Financial Condition at Close of Each Year.
Capital stock
17,000,000 00 19,000,000 00 25,000,000
Funded debt
....8,717.643 37 8,702,140 00 8,972,140
Other acct’s and liabilt’s..
59,977 77
70,672 12
154,212
Profits, bal. of inc. acc’t.. 2,719,377 89 3,717,030 02 4,589,683
.
.
Total liabilities
Road and equipment
00
00
18
125,000 00
1,659,172 00
843,387 73
00 25,000,000 00
9,000,140 00
00
19
40,573 26
20
5,433,070 93
28.496,999 03 31,489,842 14 38,716,035 39 39,473,784 19
.26,703,243 45 28,761,315 65 28,721,723 92 30,032,761 83
Construction on branch
roads
1,070.515 37 1,139,505 01
Stocks and bonds
387,136 49
387,136 49 5,155,836 49 4,947,008 03
Materials on hand
74,176 09
76,462 96
poub
poab
itPTTlfl
pall
loans, Ac
..
1,406,619 09
Wallkill Valley .—The necessary
of
papers
foreclosure suit have been filed in
office of Ulster County, N. Y.
ment
a
Western
for the
the
commence¬
County Clerk’s
Maryland.—A meeting of the commissioners of finance
of Baltimore City was held this week, when it was resolved to
pay
the July interest on the tinindorsed bonds of the Western
Mary¬
land Railroad and hold the coupons against the company.
This
action of the finance commissioners is based upon
authority
recently given by the city council to the commissioners to invest
a portion of the sinking fund for the loans and
obligations of the
city on account of the Western Maryland Railroad in the unin¬
dorsed bonds of that company, these bonds representing a mort¬
2,145,661 88 2,011,868 09 1,241,331 05 gage having priority to that of the city.
Export* of Leading Articles from New York.
The followingtable,compiledfrom Custom House returns,shows
the exports of leading articles from the port of New York since
$l)c Commercial Cimeo.
January 1,1874, to all the principal foreign countries, and also tne
totals for the last week, and since January 1. The last two lines
show total values, including the value of all other articles besides
~~~
~~COMMERCJLAL' EPITOME
Friday Nigiit,
July 3, 1874.
The week preceding the national holiday is usually a dull one
in trade circles, but the one which has just passed has been fairly
active in many branches of trade. A general revival of business
at an early date seems to be anticipated, and
although the
course of prices since the
passage of the Currency bill has
been in many cases disappointing, the general tone in commer¬
cial circles is cheerful, in vie'*’ of the excellent promise of the
those mentioned in the table.
03 Q)
oo o cr> co <
Oi O*
'
•
flag
QO
Ofl
iD
O
C
CD
>00)1
O to <
O TH t,
iQ O <
•
«
other favorable cir¬
growiug crops, an easy money market, and
f July 4,1874.
CHRONICLE
THE
18
>
I
cumstances.
I
KNxfi
Pci-?r
on zd
TJ* leo ^
>
QO OO
•
Pco
05
r tp
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2, tP
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r*1
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t-.
following is a statement of the stocks of leading articles
of domestic and foreign merchandise, at dates given :
The
1873.
-1874.June 1.
July 1
25,822
July 1.
tea. and bbls.
bbls.
Beef
Pork
Tobacco, foreign
Tobacco, domestic...,
bales.
hhds.
Coffee, Rio
Coffee, other
bags.
v
bags.
Coffee, Java, &e
A
mats.
A
Cocoa
bags.
5 201
57,158
22,006
27,808
75,142
41,678
37,128
2,417
154,765
boxes. 92,897
hhds,
Sugar
Sugar
7,244
71,779
100.172
88,290
69,460
20,544
34.465
14.570
1,318
116,819
5,4)7
101,183
83,276
56,208
232,338
8,898
6,696
1,217
237,3 '0
192,609
1,379
2,512
-4,500
107,600
121,148
42,114
5,721
3,631
16,365
1,145
4,000
14,200
4,000
4,398
Tar
bbls.
4,381
Rice, E. I
Rice, domestic
Gunny cloth (Cal.)
Gunny bags
bags.
23,600
pkgs.
bales.
580
14.160
( A
27,789
185,185
..bbls.
Spirits turpentine
60,744
39,068
21,209
22,267
1.468
hhds.
5,000
hhds.
2,500
..bbls.
No. 91,800
...bales. 130,601
bbls. 60,358
bags, etc.
Sugar
Melado
Molasses
Molasses
Hides
Cotton
Rosin
CD
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28,140
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5.468
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SaHpetre
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13,000
6,500
19,100
35,700
65,413
21,100
51,500
72,100
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also higher, with sales of prime Western
life, for August. But the greatest advance has been
pickled and smoked hams, amounting to 4@L\ per lb. Beef
Lard
•
51,518
Provisions, with few exceptions, have had an upward tendency*
Almost the entire range of hog products have advanced ; box
meats in dry salt alone remaining without improvement, the
material reduction of the stock of pork, as shown in the monthly
exhibit made public on Wednesday, caused a renewal of specu¬
lation, with large sales of new mess for August delivery at $18 40
<7t)$18 45.
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by sail at 8£d.; gram to Cork for orders at 5s. 9d.(o)6s. 6d.; to the
Continent at Os. 3d @fis. 4£d.; and to Penarth Roads at Gs. Refined
petroleum to Cork for orders at 5s.; to the Continent at 5s.@5s. 3d.,
and to Dantzic at (Is.
To day, there was a firmer and moderately
active market. Grain room to Liverpool by steam was obtainable
at 10(3)10£d.; nine boat loads were engaged for London, by steam,
at ll@ll|d.
There were three vessels chartered to load grain at
Gs. 4$d.@0s. Gd. to Cork, for orders ; 5s. 9d. to Glasgow, and a
steamer to the Continent, to exclude Dutch ports, at 9s.
Coffee has further advanced with a good business, but towards
the close, the trade being pretty well supplied, the higher prices
check the demand.
acaibo 18.j22.4c., all
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back to 10c. for long clear, and cheese to 13.Jc. for fancy State
Other articles
factory, and closed very weak and unsettled.
remain for the greater part unchanged, dull and steady.
Freights have been quite irregular, as respects rates, although
shipments have been fairly active at all points. The business on
Wednesday embraced
•
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market advanced to $18 50@$18 05 for
pork ; $13 75 for August ; llf@ll|c. for
spot and July lard ; 11 15 10 for August, and 12 1-10 for
ber, and hams, smoked and picked,another 4c, while bacon
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and other influences, has declined to 134@14c. to prime to choice
factories.
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important change. Sugars have been moderately active and firm.
Fair to good refining Cuba quoted 7^@8£c.; standard crushed 10£c.
There lias been another week of extreme quietude'in the
market for refined petroleum, and quotations as compared with
figures then quoted are 4c lower, and closes weak at 124c.; for
July delivery crude also has been exceedingly quiet, and the
Rosiu has sliglily
market closes weak at 5c for all the mouth.
recovered from the weakness apparent a week ago, and closed
very quiet at
$2 12Jc. for strained. There has been only
moderate trade in spirits turpentine, and the general tone at the
close was decidedly weak at 354c.
Whiskey closes steady at 99c. Ingot copper has been quiet, but
quoted steady at 24?c., cash, and 24c. for July and August. Tin
plates active at the previous firm figures. Late sales 200 boxes
charcoal tin at $10 62|; 1,500 do. terue, $9 25(3)$9 374, and 1,500
coke tin at $8@$825, all gold ; straits tin generally quiet at23£(@fc.
Kentucky tobacco has been in good demand and steady at 54(3)
7£c. for 1 ugs, and 8.4(7i>l 4c. for leaf ; the sales for the week embrace
1,700 lilids., of which 700 were for export, and 1,000 for consump¬
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Crop of 1872, 100 cases Connecticut at 5@30c.;96 do. Pennsylvania
at 8@10c.; 250 do. Wisconsin at Gc.; 439 do Ohio at 7£c.; 95 do.
State at 5fc.; crop of 1873, 180 do. Ohio at 5@0c.; 943 do. Connec¬
ticut at G@ 18c., and 2,953 do. Pennsylvania at GK@16c.
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this evening, are now 239,427 bales. Below are the
exports and stocks for the week, and also for the corresponding
House returns, week of last season:
this port since
made up
Leading Articles.
Imports of
The following table, compiled from Custom
shows the foreign imports of leading articles at
Jan. 1,1874, and for the same period of 1873 :
[The quantity is given in packages when not
Week ending
otherwise specified.]
Since
Same
Since
G. Brit.
July 3.
Same
Jan.1/74. time 1873
NewOrleans.
Mobile
Charleston...
Savannah
....
....
18.035
222,494
13,451
ass
Glassware
Glass plate
Buttons
4,683
3,121
18,862
Coal, tons
Cocoa, bags... ..
Coffee, bags...
Cotton, bales
Drugs, &c—
Bark, Peruvian..
10, *75
783,086
1,928
Hardware
9 406
5,435
.
G
,
Iron. RR. bars...
28,292
294,353
21,199
Lead, pigs
f3,381
2,723
18,201
1,768
696
Tea
Tobacco
Waste
19,413
816
22,312
2;547
2,574
481
14.243
Oils, essential..
Oils, Olive
Opium.
48,' 759
2,173
386
380
Articles reported
value - ’
96,020
438.114
4.560
Hair
'
Hemp, bales
Hides, &c—
3,155
3,665
1,761
Oranges
2,259
!C0,585
30,321
Ivory
6,523
31,360
888
India rubber
845
SpiceSj &c.—
1,471
238,444
71,319
71,840
Flour
Wheat
Corn...
Oats
bbls.
bush.
Since
Same
Hemp
bales.
Hides
No.
Hops
Leather.
89,740
1,668
21,861
bales.
sides.
Molasses., .bbls.
Naval Stores—
Cr. turp. .bbls.
..
34,354
38,346
320,663
119,021
510,585
2,115
296,741
84.683
130,286
477,133
3,314
375,081
0,256 Sugar
9,168
1,819,155 1,353,16b Sugar
22,615 Tallow...
23,406
33.542
214,503
37,129
2,310
369,335
506,739
222,222
305,727
85,385
14,840
165,784
22,368
11,928
187,533
12,551
.kegs.
.pkgs.
962
60,140
606,684
385,631
284,889
99,960
15,876
263,661
17,418
7,326
157,997
10,359
bbls.
.
....
.hhds.
234
681
Pkgs.
20,632
101,163
26,700
5,780 Tobacco.... .hhds.
31,105 Whiskey....
52,349
61.403
107,654
31,140
106,793
94,194
38,062
93,812
Tobacco
8,389
Spirits turpen...
Rosin
Tar
Pitch
Outmeats.
Eggs
Pork
Beef
Lard
Lard
Rice
Starch
Stearine....
265,281
692,678
59,627
21,416
100,237
411,303
3,528 Oil cake.... pkgs.
Oil, lard
.bags.
1,530,688 Peanuts.
...
Grass seed.bags.
bbls.
Beans
Peas
bu'h.
bbls.
C. meal
Cotton
bales.
Same
Jan.1/74. time 1873
..
418.021
592,780
57,465
56,433
1, 1874, and for
2,024,961
21,743,342 7,167,155 Provisions—
Blitter
.pkgs.
12,333,805 6,857,011
Cheese....
4,790,983 5,171,377
Rye
Barley, &c
243,273
64,252
Jan.1/74. time 1873
4,768
262,383
13,143
146,172
Produce.
Receipts of Domestic
pkgs.
Breadstuff’s, &c.—
156,020
144,958
The receipts of domestic produce since January
the same time 1873, have been as follows :
Ashes
26,472
210,986
Mahogany
Since
180,798
45,287
278,016
Woods—
Cork
Fustic
Logwood
589
420,164
59,313
Ginger
Pepper
Saltpetre
1,842
496
...
51.104
Cassia
Jewelry. &c.—
Watches
Linseed
Molasses
734.115
600,655
1,076,920
645,808
7,032,867 6,9 J 0,080
523,917
415,331
..
Rice
978
4,178
Hides, dressed..
Nuts
Raisins
2,228
70,223 Hides, undressed..
773
Bristles
1,155,886
468,474
....
Lemons...
625
Gunny cloth
S42.770
1,280,611
5,826
'
32,962
60,606
730,125
184,858
34,477 Fish
31.687 Fruits, &c.—
21.665
..
•
Total
Since Sent. 1
6,60
1,775,688
.
bales.
292,930 Wool
25,576 Dressed Hogs..No.
82,168
966
499
499
1874.
9.6S9
12, 07
10,2(2
130,9S0
30,000
50,108
13,836
5,330
7,lb2
19,461
74,500
26,0100
239,427
196,417
SS.225
8,024
8,879
3,100
•
•
t-t
*
*
*
....
%
T
T
.
6,4S5
.
-9
19
2,552
6,229
1,127
.
*0
....
518
361,986
21,613
2,541,137
7,178
2.745,916
608,244
1873.
....
ports” include from Balti¬
Liverpool; fiom Boston 146 bales to Liverpool; from Philadel¬
phia 74 bales to Liverpool; from Norfolk 5‘J bales to Liverpool.
more
“757 bales to
From the foregoing statement, it will be seen that, compan d
with the corresponding week of last season, there is a decrease in
the exports this week of 14,435 bales, while the stocks to-night are
than they were at this time a year ago. The
usual table showing the movement of cotton at
ports from Sept. 1 to June 26, the latest mail dates.
43,010 bales
more
following is
our
all the
SSPT.1
_
Other
Great
New Orleans
1872.
1205,6S0
.
Mobile
Charleston....
Savannah
Galveston
New York
Florida
No. Carolina
Norfolk
Other ports ..
....
Total thisyear
Britain. France.
1199,312
294,789
4.9,224
641,234
825,416
36
*,133
192,2.9
12,907
50,715
4S9.880
43,7*3
3728,454
Total last year
....
8BPT.1 TO—
■XPOBTBD 8INOB
BBOKIPT8
BINOH
PORTS.
i378.
37,241
37,504 Fancy goods..
2,583
1,027
83,993
86,474
$1088,706 $1225,479
35,011
...
753,625
40,615
2,405
Other ports*
by
Corks
434
26,029
Soda, bi-carb
643.343
59,582
85,151
24,323
25.582 Cigars
964
343,101
Wines, &c—
Champagne, bks.
3,624
Wines
2,304
2,654 Wool, bales
1,338
Madder
....
435,233
694,138
699,956
bbls
5,225
18.430
Gum, Arabic....
Indigo
Jewelry
Tbs
Spelter,
Steel
5,913
Tin, boxes
2,831
Tin slabs,lbs...
23,341
18,646 Rags
645,636 Sugar, hlids, tcs. &
Sugar, bxs & bags.
Blea. powders.:.
Cochineal
Cream Tartar...
Gambier
Soda sal
Soda ash
Flax
Furs
2,122
3,687
1,492
1,864
165,601
350,182
180,227
104,373
1,093,809 4,079,569
55,133
117,459
549,573
573,013
6,584,797 2,721,527
63,308
62,150
Cutlery
Totalthls Samew’k
1873.
week.
Contln’t
....
Galveston
New York...
Metals, &c.—
France
s,ico
....
China, Glass and
Stock-
Exported to—
Jan.1,’74. time 1873
EarthenwareChina.....
Earthenware.
19
THE CHRONICLE.
July 4, 1874.3
609,824
84,568
165,189
226,711
195,366
8rfS,194
359,1.7
600,501
83;,292
148,561
12,009
54,718
401,194
53,611
For’gn.
Total.
262,415
36,783
41,787
161,068
48,406
29,608
1122,208
128/96
244,950
249.969
7,245
37,974
35,522
22,578
8,633
4*8 301
266,850
436/35
13485,791
1783,804
44.479
?,661
H',172
14,836
7,418
130,557
1,025
1,891
28,100
861,986
607,726 2738,738 1364,559
246,6S9
247,227
488,493 2519,524 1891,980
199,733
368
5,958
14,446
68,270
1769,026
174,367
166,175
187,794
217,697
93,754
Stock.
12,907
6,826
43,658
21,672- 467,912
88,893
....
....
Coast¬
wise
Ports.
f
t
.
7,233
.
20,058
65
....
The market the past week for cotton on the spot has been very
quiet. Prices continued to give way subsequent to our last, and
on
Monday quotations were further reduced £c., followed by a
similar reduction on Tuesday, with business limited and almost
wholly for home consumption. The improved crop accounts, the
downward tendency in the Liverpool market, the slow sale of
goods, with the continued large stocks of the raw material here,
increased the pressure to sell.
But on Wednesday there was a
check to this downward tendency, produced by the better accounts
from Liverpool and the very small receipts at the ports, so small
as to enable home consumption and a moderate
export to effect
the denied reduction in stocks.
Yesterday, the market opened
firm, but there being almost no demand prices weakened and be¬
came entirely nominal.
At the close of Thursday’s business the
Cotton Exchange adjourned to Monday, the 6th instant. For
future delivery the decline early in the week was much more
on
decided than
for cotton
the spot, and
much more
decided for the early months than for the next crop.
The lowest
prices for the present crop were on Tuesday about $c. below the
closing figures on Friday last. There was a slight reaction
towards the close of business on Tuesday, which was maintained
and slightly improved upon on Wednesday ; some of the later
transactions, however, exhibited weakness, especially for the
early months. Yesterday, this was fully recovered, owing to the
continued improvement of the Liverpool market, and at the
close was steady at the improvement.
After ’Change there
was
more
activity, the sales embracing 1,000 bales for
September at 17 7-32c. The total sales for forward de¬
livery for the week are 115,800 bales, including
free on
board.
For immediate delivery the total sales foot up this
week 2,065 bales, including 8G for export, 1,874 for consump¬
tion, 105 for speculation, and
in transit. Of the above,
bales were to arrive.
The following are the closing quotations :
-
COTTON.
Upland and
Florida.
xsew
Mobile.
Texas.
Orleans.
—
Friday, P. M., July 3,1874.
By special telegrams received to-night fromtha Southern ports
in possession of the returns showing the receipts, exports,
&c., of cotton for the week ending this evening, July 3. It
appears that the total receipts for the seven days have reached
8,428 bales against 12,889 bales last week, 12,121 bales the pre¬
vious week and 12,869 bales three weeks since, making the total
receipts since the first of September, 1873,3,736,882 bales against
3,498,219 bales for the same period of 1872-73, showing an in¬
crease since September 1, 1873, of 238,663 bales.
The details of
the receipts for this week (as per telegraph) and for the corres¬
ponding weeks of the five previous years are as follows:
we are
Received this week at—
ftew
Orleans
Mobile
Charleston
Savannah
Galveston*
Tennessee, &c...
Florida
North Carolina
Norfolk
bales.
1874.
1872.
1873.
1871.
1869.
1870.
•I 689
893
506
8 4
722
197
1,249
4,671
967
832
1,004
1,573
1,038
3,830
8,645
1,257
470
753
879
383
1,342
1,473
501
498
39
1,054
3,700
1,340
7
492
5
2,168
189
6
48
25
833
3,356
831
1,679
2,437
914
Totalslnce Sept.l
8,428
12,428
3,733,882
3,498,219
11,709
2,697,471 3,929,160 2,825,469
2,101,576
Account of stock at Galveston. July 1st showed 8.408
mate ; this excess represents the city crop to that date.
*
18,463
Exp’t.
Saturday
Monday
Tuesday
Wednesday
exports lor the week ending this evening reach a total
7,178 bales, of which 6,660 were to Great Britain, none
The
France, and 518 [to rest of the
Continent, while the stocks
of
“86
16 9-16
16 9-16
17%®....
17%®....
18
19
19%@....
18
®....
@....
19%®....
PKI'JKh.
Con- Spec- Tran¬
sit.
sump. ula’n
Good
Total.
3'6
14
....
17
16
14*
16%
-i'%
16%
16%
17%
17%
i;%
17%
17%
....
....
....
....
14 s
14 %
893
64
Mid
15%
15%
15%
13%
14*
14%
440
164
“75
Low
Ord’ry. Ord’ry. Midl’g. dllnc
252
16
300
252
365
893
Thursday.......
Holiday
86
Total
1,874
105
....
2,065
will show the closing prices each day on the
middling uplands, for the several deliveries named:
The following
basis of low
July.
October.
bales excess over the esti¬
14%®....
16%®....
BACKS.
5,196
4,673
17%®....
18%®...
14%®...,
16%®....
14%®....
15%®....
16%@....
16%®....
17%®....
Below we give the sales of spot and transit cotton and price of
Uplands at this market each day of the past week :
”
Total this week
16%@....
16%®...
Bood Middling
43
6,378
1,389
435
14%®...
15%®....
per ft.
Middling
1,112
52
61
461
781
126
2,257
Ordinary...
Bood Ordinary
8trict Good Ordinary
Low Middling
December
Gold
Exchange
Sales spot
Sales future...
Frl.
17
17 3-16
Sat.
17%
17
17
17 11-32
17 17-32
17 9-32
17
17
17 1-16
16 15-16
16 81-82
111%
4.86
716
23.100
Mon.
16%
316-
16 13-16
17 5-82
17 5-32
16 29-82
16 27-32
16 31-32
111
4.86
252
13,600
23,900
17%
iltf
Wed.
16%
16%
17 1-32
17 1-16
16 25-32
Thurs.
111
16%
16%
110%
16%
16%
110%
4.86
440
4.86
164 '
26.000
30.1CO
Fri.
4.86
893
17.400
Tues.
16%
16 9-16
16 29-32
16 15-16
16 11-16
16%
16%
16^1-32.
17^-32
16 15-16
j?
2
o
»
delivery the sales (including — free on board)
to
have reached during the week 115,800 bales (all low middling or
as
For forward
020.0.3.2
4
0 15 24
For June,
bales.
400
cts
17
For July.
100 s.n. 1st..16%
400
16%
100 s.n
16 17-32
200
16 17-32
11^0 )
bales.
800
200
200
300
and the following is
For August.
16 29-32
16%
SOU no not.
till 6th... 1625-32
300s.n. ...16 25 32
3,100
1,900
16 31-32
2. SCO
17 1-32
3,200
17 1-16
17 3-32
17
9,100
4,‘600
1,100
1,900....
4,500
17%
17 5-32
17 3-16
17%
17 11-32
100
The
16 19-32
....16%
16 25-32
16 13-16
16 27-32
16%
11 29-32
16 15-16
2,100
2,000
September.
200........16 29-32
April
16 11-16
16%
100
-100
..
■
■■ 1
—Montgomery, Alabama.—
1870.
3*30
9*80
5*65
2*00
6*17
1874.
1872.
1873.
4*97
3*69
5*83
6*51*
9*97
6*75
4*61 10*66
8*50
5*57
4*17
9*45
4*29 10*25 203
2*68 11*08 6*03
1871.
4-15
5* 57
5*84
6*63
5*77
4*31
2-50
2*25
1 07
5*75
2 45
1*43
3*64
1873.
,
1874.
2*94 *3*36
3*57
5*28 12*04
7*03
7*66
8*03
2*58
3*09
1*96 10*66
3*75
6*05 3*06
1*82
6*86 7*70
,
Savannah, Georgia.
1871.
1872.
0*80
2C9
4*67
4 68
6*05 10*18
4*28
2*17
8 20
2*75
5*22
9*52
—,
1873.
1874.
3*50
2*07
0*99
4*37
2*98
5*12
4*64
9*71
2*85
2*69
4*85
4*84
Augusta, Ga
,
1873.
503
4*16
3*65
1874.
3*44
7*22
7*78
6*23
2 00
8 63
3*12
3*77
Our acreage Report and Condition of Crop.—We have
this week received some criticisms upon our acreage report of
last Friday, to the effect that the possible result of the crop which
16%
give there, is an understatement, for the reason, as we under¬
our critics, that
we make no allowance for the abandon¬
ment of from 10 to 12 per cent of acreage planted last year.
We
16%
100
200
1872.
Total. ‘2*88 24*54 32*85 40 05 26 18 34*43 21*60 27*01 26*59
1611-16
1,600
5 *20
.
May
7*47
June.. 5*97
16 27-32
16 15-16
17
we
16 13-16
16 31-32
stand
2,100 total Dec.
have
.
following exchanges have been made during the week:
Reports
Feb... 6*20
Mch
6*01
16%
no
doubt of the fact that very
considerable land
was
thus
abandoned during June and July, 1873, for our own reports at the
time,
%c. pd, to exch. 200 July for August.
200 July for August.
7-16c.
,K
Weather
Jan... 2*03
16 21-32
300
100
100
100
16 11-16
16 28-32
1,300
17%
45,100 total Aug.
/or
Month. 1871.
2,200 total Nov.
100
700
.16%
17
17 1-32
17 1-16
200
100
100
1,200
For October.
1,600
Atlanta, Georgia.
,
17 7-16
17 9-16
!7 19-32
400
1613-16
16 27-32
..
For December.
17 13-82
17 7-16
17 15-82
6(0
700
SCO
30o
■
17 8-16
April..
May...
June
For November.
17%
17 13-82
800
1,800
1869.
■
Total.. 33 60 38 29 33 39 33*61 29*49 16 02 32*27 52*22 46*35 38*43
...17%
300
300
800
17 5-3 2
March.
13,400 total Oct.
17 3-16
17 7-32
17 9-82
17 5-16
Jan....
Feb....
34,500 total Sept.
17%
3,900
SOU
17 3-S2
17%
17 5-32
2,100
2,800
200 no not.
this month... 17%
16 25-32
100
700
300
1.300
400
500
1873.
1874.
1871.
1872.
4*16
6*50
3*07
2*48
8*00
3*03
3*15
2*72
9*79 112*76
3*86 10*57
4*35
0-88 10 92
2*92
1*23
6*18
3*78 11*47
5.18
5*69
6*33
9*87
Month.
cts.
16 31-32
17
17 1-16
17 3-32
300
17
17 1-32
17 1-16
3.000
100
400
200
16 15-16
...16%
16 21-32
2,333
4,700
16%
1.500
800
200
500
500
18 31-32
4.200
1,200
bales.
800
16 15-16
800...
,——Mobile, Alabama
of
a statement
cts.
2,000
8,200
16 9-16
400
16 11-16
600 no not.
till 8th...16 23-32
100 s. n. 1st... 16%
300 s.n. 2d....16%
300 no not.
till 20th
16%
bales.
cts.
17 3-82
17%
17 5-32
17 3-16
18,100 total July.
900
16 19-32
100 no not.
till 2d
16*
3.110
s
i
02.1
the basis of low middling),
he sales and prices :
on
[July 4, 1874
THE CHRONICLE
as
well
as
all others, showed it.
But
we
think
we
indicated
the progress of that abandonment as it appeared up to that time
in the comparative condition for the two years which we gave
last week, and in the statement succeeding our figures of condi¬
Telegraph.—Although there is
nothing in our crop reports to-night which would as yet indicate tion, which was as follows: “ 1873 unfavorable conditions, weather
warm, sultry and wet, grass becoming troublesome, and some
any less satisfactory condition of the cotton plant, yet within a
cotton reported abandoned;Memphis correspondent telegraphed
certain section, especially along the Atlantic coast, there has cer¬
fifteen per cent lose to crop by rain and grass; complaints everytainly been more rain than need during the past two weeks. This
where/’ Subsequent to June 20,.this abandoning of land became
very naturally causes anxiety, for what is required now to perfect more fully developed, both the weather producing it and its
the plant is a hot dry July. It will be seen, as our dispatches extent, but that certainly would not come into our acreage report
show; that this rain is mostly confined to the lower half of the which was only brought down to that date ; and, furthermore, the
coast States.
At Galveston it has rained on one day hard ; our following six weeks might also show a similar abandonment of
land for 1874, and where would be the wisdom in making deduc¬
correspondent adds that crop accounts continue highly promising tions, or
building castles which might as quickly vanish before
but no more rain is needed for three weeks ; the rainfall this week
the next breath of wind. One thing we did do, and thought it
has been one inch and eighteen hundredths, and for the month of
necessary for a
of
June one inch and sixty-eight hundredths.
At New Orleans to find out howright appreciationfull our figures, we endeavored
much short of a
crop the present one is, and
they have had showers on three ,days; rainfall fifty-six hun¬ reached the result that on the
acreage given it was about 20 per
dredths of. an inch. It has rained on one day at Nashville
cent under an average yield.
Of course such a statement aS that
and they are needing more, the rainfall reaching this week one
is of necessity very inexact, and yet with the acreage figures it
three
inch and
eighths, and for the month of June furnishes a
pretty safe basis for the guidance of our opinions
two
inches
and eighty-eight
hundredths.
Our Memphis
through the developments of the summer. How we could have
and
Augusta
have
failed
to
us. done more or
telegrams
reach
gone further we do not understand.
It has rained at Mobile this week four days severely, and one
As to the condition of the crop, we meant to be understood to
other day has been showery ; we are having too much rain ; there
say that it was in the best condition of any crop since the war,
are rumors of caterpillars but think them of very little import¬
with the one
ance ; the rainfall this week
is three inches and seventy han- ward. The exception that it was still about two weeks back¬
.•dredths, and for the month of June was five inches and sixty-nine weeds than plant was strong, healthy, more clear of glass and
for many years before, free from insects of every
hundredths.
At Selma it has been warm, sultry and wet, raining
kind, well rooted, short jointed, and stocky. All our correspond¬
•on four days, and the rest of the week cloudy ; we are having too
ents stated that its growth of late weeks had been marvelous.
much rain, the fall this week being one inch and ninety-eight
Since then, and under date of June 26, our Memphis correspondent
hundredths, and for the four weeks six inches and seventy-one writes: “ We have had
remarkably fine weather. I have never
hundredths.
It has rained on every day of the week at Mont¬
known the cotton crop to make such strides in growth ; and do not
gomery, and although we are having too much rain, the plant is remember to have seen more
smiling faces so far as cotton is
in good condition, strong and healthy; the rainfall this month
concerned than now since the war.” This was the general verdict
(June) is six inches and three hundredths. At Atlanta there have at that date with
very limited exceptions ; and all our latest let¬
been light showers on five days, which our correspondent speaks
ters express in strongest terms the satisfactory condition "of the
of as delightful and beneficial; the crop is developing promising¬
plant, the general expression used being, “looking better than
ly, the plant being strong and healthy ; the rainfall this week is any
year since the war,” or, “ the best of any year since the war.”
one inch and twenty-five hundredths, and for the month seven
inches and seventy hundredths.
New Orleans Cotton Acreage Report.—By telegraph we
It has rained on four days
at Macon.
At Columbus it has rained on six days, the rainfall have received the following summary of the New Orleans Cotton
reaching four inches and three hundredths for the week, and Exchange acreage report, made up July 1 :
eleven inches and fifty-eight hundredths for the month of June.
Mississippi.—Reports from forty-four counties show a decrease in acreage of
At Savannah it has rained on one day, with hail —a severe storm, 7 per cent, but a fair average. The stand of crop is two weeks behind that of
last year. It is remarkably clean, though small and backward. The labor
and three days have been showery, and it is raining this after¬
supply is satisfactory.
noon ; rainfall this month h«s been four inches and eighty-five
Louisiana.—'Twenty six parishes report a decrease in acreage of 20 per cent.
by
“
“
“
“
.
hundredths.
Thermometer has averaged at Savannah 80, at
Macon 79, at Atlanta 81, at Columbus 81, at Montgomery 83, at
Mobile 80, at Selma 80, at Nashville 88, at New Orleans 82,.at
The weather is less favorable than last year. The average stand condition of
the plant is generally good and promising, though three weeks later. There
is no complaint about labor.
Texas.—Forty-five counties report an average increase in acreage of 15 per
cent
The stand is good; has been planted two weeks later than last year,
but is iu fine growing condition and free from grass.
The supply of labor Is
Galveston 84.
Rain Fall.—In addition to our Weather Reports above, we
have received by telegraph to-night the total rain-fall for the
month of June at the several ports named below.
For compari¬
son
we
give the figures for the previous months and
The statements
in inches and hundredths of
Galveston. Texan.-—.
,
4 *62
2*27
**77
5*96
2 21
3 * 39
1873.
3*43
O**0
2*80
2 27
5*36
8*61
1874.
1*37
3 11
3*09
3*38
5*80
1*68
1870.
9 440
3*715
2 845
9 *2-25
4*410
4*080
Total.. .21*22
22*97
18*43
33*715
1872.
.
.
.
April..
May...
.
June..
Shreveport, La.
Month
Jan...
Feb
March.
..
April..
May...
June..
1873.
3 13
7* 47
.
.
.
.
.
.
.
2*67
1-94
4*58
7*94
Tota... .27*73
1874.
3*51
7*58
9 27
10*64
6*32
a decrease in acreage of 8 per cent.
The weather is less favorable, the stand better than last year, though three
w eeks backward.
The labor is efficient.
years.
Tennessee.—Twenty-four counties report an acreage decrease of 3%* per cent.
inch, except
stated in inches and thousands of an
are
New Orleans, which are
inch.
Some of our correspondents appear to have
the monthly rain fall in their dispatches.
Month
Jan...
Feb...
March.
good.
Arkansas.—'Twenty-five counties report
,
39*493
37*490
20*11
36 02
1872.
1-58
better.
North
26*60
1874.
2*300
3*645
7 310
18*440
‘
...
,
1873.
5*85
8 98
3 44
4*87
4*82
2*88
4*10
6*61
10 16
6*36
•63
34*32
24*38
4*24
5*19
6 99
4*16
4*44
The stand is fair, and the crop is clean but small,
being two weeks later than last season. Labor about the same.
Alubajna.—Twenty-seven counties report an average acreage decrease of 16
per cent; late replanted looks better than old cotton. The crop is somewhat
later and generally cleaner than ever before, growing rapidly; labor never
,
52*075
Memphis.
,
The weather is favorable.
forgotten to include
New Orleans, Louisiana.
1871.
1872.
1873.
5-215
13*625
5*600
1-895
6*010
2 200
6-110
9*725
5*485
« 795
2 745
1-725
5-725
3*965
28 495
9*890
8 570
5*780
-Nashville.
1872.
1873.
1874.
2*8*2
2*96
5*22
2 11
7*14
9 23
4*11
3*09
5*26
3*59 11 94
5 91
4 11
3*09
1-49
6*17
4*20
2*88
21*69
an
,
1874.
.
Selma.
1874.
3*75
5 08
10 63
10*70
.
»
•
•
6 71
c
Carolina.—Forty-one counties report the weather less favorable;
an
average acreage decrease of 19 per cent; planting two and three weeks later;
fair average stand; crop clean and healthy, growing finely, though small and
backward ; decrese in use of fertilizers, 40 per cent.
South Carolina.—Twenty-one counties report an acreage decrease of 17 per
cent; weather unfavorable; since replanting, has given fair average stand;
plant small, condition good, crop clean and growing well; labor sufficient; a
decrease in the use of fertilizers, 33 per cent.
Georgia.—Sixty-nine counties reported a decrease in acreage of 10 per cent.
The weather is less favorable. The stand and condition of the crop are
good; it is growing finely, and is clean, though small, being ten days later
than last year.
The labor is good. The use of fertilizers has decreased 30
per cent as compared with last year.
Forida.—Reports from this State are meagre. The average is said to have
decreased 4 per cent. The stand is good and the condition very fine, clean*
and
glowing well, being one week earlier than last year.
plaints of labor.
It now we grant
There
are no com¬
this report to be correct, so far as its own and
adjoining States are concerned, and for the other sections, take
the local reports, we arrive at the following result. We give the
statement in this form because it would be made up in a some¬
what similar shape if prepared under the arrangement proposed
at the Augusta Convention.
1874.Ine. and Dec.
Texas’*.... 15 p. c. inc.
Louisiana*. 20 p. c. dec.
Mississip’i* 7 p. c. dec.
Alabamat.. 12 p. c. dec.
21
THE CHRONICLE/
July 4, 1874.]
-
1872.
Acres.
1871.
1870.
Acres.
1873.
■■■■>
Acres.
Acres.
Acres.
802,131
900,937
1,027,068
828,630
920,700
824,560 1,030,700
1,697,630 1,825,408 1,641,612 1,447,191
1,845,748 1,529,258 1,885,409 1,221,682
126,819
140,909
152,188
146,101
1,243,814 1,882,015 1,291,063 1,157,963
481,412
604,674
569.424
625,740
397,509
451,714
496,885
447,197
489,352
552,493
582.604
618,267
654,796
779,318
888,329
818,263
203,611
218,828*
231,957
197,164
1,181,128
900,937
920,700
1,644,512
1,437,272
shipments from Bombay to Europe, and that the total move¬
ment since Jan. 1 shows an increase in shipments of 264,000 balescompared with the corresponding period of 1873.
Gunny Bags, Bagging, etc.—Bags are quiet at ll^c. cash for
440’s with small sales. Stock in New York, 2,468 bales; in Boston,
Consumption in June about 1,000 bales. Bagging
inquired for quite freely but the transactions are only
moderate, footing up for the week 1,700 rolls, chiefly in Boston
at 12@12£c ; the market closing here with a few parcels to be had
140,909 at 12c, and
Florida*.... 4 p. c. dec.
jobbing sales at 12£c. Native doth is quoted at
1,330,991 9|@10c.; Borneo. ll$@12c. Stock in New York, 9,600 bales; in
Georgiag... 10 p. c. dec.
601.704 Boston, 4,460 bales.
S. Carolina}: 9 p. c. dec.
Consumption in June about <400 bales. Jute
451,714 Butts are higher on account of the loss of the Merrie Monarch,
N. Carolina 10 p. c. dec.
526,184 with a cargo of 7,819 bales and a small stock here. The sales
Tennessee!!. 6 p. c. dec.
711,734 during the week were about 6,000 bales at 2£<®2fc, closing firm at
Arkansas!!.. 8 p. c. dec.
218,828 the highest price.
All others.. 15 p. c. dec.
Stock July 1 30,300 against 89,600 last year.
Sailed to May 22d 41,619 bales against 68,454 bales last year;
sailed in June (per cable) 5,100 bales, last year 5,400 bales. Esti¬
8 p. c. av. dec. 9,053,633 6,802,815 8,867,557 7,811,696 8,885,545
Total
mated shipment in July, 6,500; shipments last year, 11,00. Supply
* New Orleans
leport.
§ Savannah to December 1,1874, 83,519 bales; last year 174,454 bales. Ship¬
Acreage Repo
Reports, $ Charleston Newe Report. I) Memphis & fashville Reports.
ments for consumption during June, 20,000 bales ; price opened
For Texas we should have used the figures from the excellent in June at 2 3-16c, and closed at 2fc.
reports of the Galveston Exchange, but they give no average for
Our present form of making up the Visible Supply was
the entire State, and hence we adopt the New Orleans estimate,
being the State nearest to Texas. Neither the Savannah nor the begun the first of last June. During June, however, through
Augusta Exchange has published any report for Georgia so far as a misunderstanding between our London correspondents and
we have seen;
we therefore use the highest estimate we have
ourselves, a portion of the figures were incorrectly given in
met with in Savannah papers.
For South Carolina we adopt
The Chronicle.
Hence, we have had to revise the statement
figures from the Charleston News report, which appears to have
for each week of last June. We make this explanation that our
been prepared with much care, the exchange in that city not
readers may understand why some of the totals now given differ
having issued any.
The foregoing table would appear to add greater certainty to
from those published then.
the point that the decrease in the acreage this year does not exceed
8 per cent as given in the Chronicle report last week. And for
Visible Supply of Cotton as Made up by Cable and Tele¬
the reason that the planting has been continued to a very late
graph.—Below we give our table of visible supply,„ as made up
date, and further that in some sections the late plantings were
by cable and telegraph to-night. The continental stocks are thfr
larger than originally intended, we are inclined to look upon all figures of last Saturday, but the totals for Great Britain and theacreage reports this year as more likely to understate the acreage afloat for the Continent are this week's returns, and consequently
than overstate it. On this point of planting more in some sec¬
tions than originally intended—which very many denied when brought down to Thursday evening; hence to make the totals the
mpiete figures for to night (J uly 3). we add the item of exports,
we first stated it—we extract the following from the letter of a
from the United States, in<
Ling in it the exports ol! Friday
correspondent of the Memphis Avalanche, June 80, written from only.
Boliver, Tenn., June 20 :
1872.
1874.
1873,
Originally it was intended to plant less cotton than last season,
917,000
1,009,000
butwhm farmers heard of the disasters from overflow in the bottoms
129,500
167,GOO
226,000
they took it into their heads that cotton would be scarce and dear,
and therefore largely increased the acreage, some actually plowing
1,285,000
1,034,000
1,122,500
up com to that end.”
157,000
214,000
132,250
We give this simply as confirmatory of our remarks on the
19,000
19,750
14,000
Stock at Marseilles.
subject made many weeks since.
51,000
74,750
65,000
Stock at Barcelona.
27,250
38,000
39,000
Consumption in Grbat Britain.—The discussion with regard
57,250
28,00
to the consumption of cotton in Great Britain receives some new
Stock at Bremen
48,500
81,000
88,000
89,500
light from the latest official returns of the exports of yarn and Stock at Amsterdam.
8,000
37,000
28,250
piece goods from Great Britain. Ellison & Co., in their circular of Stock at Rotterdam..
43,000
June 9th, give the figures for the five months ending June 1st,
29,000
12,750
3,000 bales.
has been
“
...
...
<
..
as
follows:
60,000
1873.
1,445,909
88,605
1874.
1,434,786
89,276
Exported from Great Britain.
goods in 1,000 yards
Yarns, 1,000 lbs
Piece
slight falling off this yea® in the
export of manufactures of cotton, which does not favor the idea
of any increased consumption. Besides, the home trade in Great
Britain is represented on all sides as being very poor, so that the
mills must be using less cotton than a year ago, or else their
stocks of goods are very considerably increasing.
Count of Stock at Liverpool.—We notice in the Manches
ter Guardian that the Liverpool Cotton Brokers' Association, in
view of the strong feeling' manifested in many quarters, and par
ticularly in Manchester, against the proposed discontinuance of
the stock-taking at the end of June, decided that stock should be
taken, and hence the usual statement by actual count was received
by cable last Friday. The objection which the committee of the
association -most of whom were in favor of the change—had to
the present system was that the stock was taken at a time when
it had reached pretty nearly its maximum height, and that it was
a work of great difficulty to secure accuracy in the accounts.
That feeling, says the Guardian, still prevails in the minds of
many brokers, and we understand that an effort is to be made at
a future meeting to alter the stock-takings so that the calcula¬
tions as to East India stock will be made at the end of April,
when that description of cotton lies in the smallest compass; and
the stock of American and other long staple cotton will be taken
at the end of October, when there is the smallest quantity on
This statement would show
a
Bombay Shipments.—According to our cable dispatch received
to-day, there have been 25,000 bales shipped from Bombay to
Great Britain the past week and 14,000 bales to the Continent,
while the receipts at Bombay during the same time have been
5,000 bales. The movement since the 1st" of January is as
follows. These are the figures of W. Nicol & Co., of Bombay,
and are brought down to Thursday, July 2 :
Shipments this week—,
1874
1878
1872
25,000
12,000
9,000
From the
few
14,000
16,000
1,000
39,000
28,000
10,000
.—Shipments since Jan. 1Great
Britain.
714,000
610,000
568,000
Continent
Total.
351,000 1,065.000
191,000
801,000
228.000 791,000
.—Receipts.—,
This
week.
Since
Jan. 1.
5,000 1,186,000
6,000
906,000
4,000
891,000
foregoing it would appear that compared with last
an increase of 11;000 bales this year in the week’s
there is
Continent. Total.
m.ooo
504,000
536,250
624,000
1,626,500
1,620,250
1,859,000
680,000
467,000
522.000
" 131,000
227,000
50,000
196,417
34,405
Total continental stocks
Total European
stocks
.
..
..
Egypt, Brazils, &c., afloat for Europe.,
..
-
52,000
88,000
40,000
United States exports
239,427
86,869
1,000
to-day.
and other
5,000
126,288
11,472
1,000
2,600,072
..
2,642,760
descriptions are as follows *
American-
,.
United. States stock
.
United States interior stocks.
United States exports
co-day.
I.
East Indian,
131,000
239,427
36,869
1,000
1187,296
390,000
233,000
227,000
196,417
34,405
5,000
1,085,822
*
386,000
200,000
88,000
126,238
11,472
1,000
757,760
Brazil, Ac.—
.
.
.
.
hand.
Great
Britain.
84,000
First 5 months of
,
.
.
i.
503,000
129,500
210,000
680,000
52,000
527,000
167,000
303,250
467,000
50,000
673,000
226,000
424,000
522,000
40,000
1,579,500
1,187,296
1,514,250
1,085,822
1,885,000
757,760
2,766,796
8*d
2,600,072
8%d.
2,642,760
llXd.
figures indicate an increase in the cotton in sight to¬
night of 166,724 bales as compared with the same date of 1873,
and an increase of 124,036 bales as compared with the correspond¬
ing date of 1872.
These
Movements of Cotton at the Interior
Ports.—Below we
give the movements of cotton at the interior ports—receipts and
shipments for the week, and Btock to-night and for the correspond:
ing week of 1873;
THEGHRONIGLE.
22
[Jtilr 4j 1874
"TT
*
■
.—Week ending July E, 1874.—v —Six dajf ending July 8,1878.-%
-
.
'
Receipts. Shipments. Stock.
Augusta*
Receipts. Shipments. Stock.
10,108 ^ 448
S84
204
2,313
2,692;
240
;
2,411
105
745
849
129
692
Memphis
2,862
15,236
1,089
3,304
417
5,973
109
169
14,006
7,390
25, reloading cotton.
f
1 1
,
Eneroi, bark, (Ger.,) from New Orleans, before reported ashore at Narva, lay.'
June 11, about 100 fathoms from shore, and five feet in the sand, an4; Id
feet of water in her hold.
Salvers required 33% per cent to get her og
1,570
5,568
36,889
1,867
5,601
34,405
position of the vessel unchanged, but aNW gale was prevailing^;
•
..
Nashville
Total, old...
Shreveport..,.
1,905
211
19S
115
-
Atlanta.
St. Louis
467
199..
375
Astbonom, ship, (Ger.,) Klopper, from New Orleans, which was driven ashora
at Bremerhaven night of June 12, was towed dflf and into harbor 13th.
925
100
•
73
53
56' J*
2,331
to vessels
4,901
Selma
Montgomery
183
1,185
giv* all flew*;received, during the week, 9?
carrying cotton from United States ports i:
we
52
91
18
60
Columbus
MflCOD*•••••
303
175
Below
504
655
28
480
569
Abaminta, bark, (Br.,) from Savannah fpr Liverpool,' remained at
1,323
1,848,
new..
1,891
2,567
19,376
2,312
3,309
Total, all,,.
3,467
8,135
56,245
4,179
8,910
—Liverpool.
1,649
*
Our telegrams from Augusta and Memphis
there estimate the figures for those ports.
1,733
have failed \ to reach
June
June
17.
4,351
3,209
Liverpool
July
2-365
Other British Ports
1,507
Havre
Other French ports.
3,209
...
....
'total French
2,365
2,533
...
....
....
Hamburg
Other ports
•
•
•
1,70!
•
....
....
....
110
....
....
4,043
3,238
8,324
26,955
19
....
31,404
4,697
«•
....
2,647
....
7%
4.461
N.O& Tex 6%
2,741
7%
7%
Egyptian, &c. 12,450
ndia, &c. 2,140
B
udia, &c. 38,140
r
j
rbch’ts fromThis
week.
i
I Sept. 1.
New Orleans..
Texas
4,072
Savannah
1,146
116,753
46,975'
136,528
365
Mobile
Florida
S’th Carolina.
N’th Carolina.
Since
5,212!
PHILADELPHIA
Total
33.415
....
Sept.l.
This
week.
249
Since
12,669
40,751 i
1,674
14,912
2G3
‘237
22,669
Since
This
week.
Septl.
~~32
1,942
12,156
192,819
1,231
Total this year
8.195
921.894:
4,458 321,500
614
40,539
Total last year
16 6°0
895,434
6.662 323,358
600
50.504 !
Tennessee, &c
Foreign
2,931|
243
....
79, i 591
93,595|
...
....
148
24,364
32
16,874
62,922 !
447
....
58
15,515
4,911
....
....
108,2001
721
1.026
5
...
1
99.634;
Skipping N ews.—The exports of cotton from the United States
the past week, as per latest mail returns, have reached 14,131
bales. So far as the Southern ports are concerned, these are the
sameexnorts reported by telegraph,and published in TheChron
last Friday, except Galveston, and the figures for that port
the exports for two weeks back. With regard to New York,
include the manifests of all vessels cleared up to Wednesday
ICLK
are
we
night of this week
Total hales
Liverpool, per steamers Nevada, 610 ...Italy, 718 ...
City of Richmond, 157. - Russia, 106 ..Eagle, 97
per ships
Lord Lvndhurst, 309
Royal Edward, 300,...per bark II. L.
New York—To
2,533
Routh. 206
Bremen, per steamer Mosel, 19
Orleans—To Liverpool, per steamers Vanguard,
19
To
New
1,600...
per
ships Adorna. 5019
City of Liverpool, 3,118
hark Fleetwing, 1,720
..
Charleston—To Barcelona, per bark Nuestra Senora de la Lauzada, 90
Upland
Boston—To Liverpool, per steamers Olympus, 2
—
To Cork, per
Total
The
9,767
1,720
90
2
14,131
:
particulars of these shipments, arranged in our usual form
are as
follows:
Liverpool.
New York
New Orleans
2.533
9,767
Charleston
Boston
Total..
Cork.
l’,720
....
2
12,302
....
1.720
Bremen.
19
•
•
•
•
....
....
19
Mid.
8%
8%
date—*
820
1872.
bales.
161.070
76.310
31.190
3.390
37,350
80,650
2,150
5,300
125,000
80 000
....®8%
Good & —Same dato 1873—
Fine.-%
28
38
20
24
3 15-16 9%
9
192,810
-
10
JO
10%
specula
Actual
Aetna! exp. from
Llv., Hull & other exp’tfron*
U.K. in
outports to date
1874.
bales.
60,541
9,660
1873.
hales.
59.857
6,196
'873,
ba*ep.
120,750
18,880
9.990
29.270
4 774
4.744
193,4«0
6,687
132,U31
5,536
83,846
412,600
465,440
213,643
160,179
591,490
Barcelona.
•
•
•
•
»
.
•
•
to
....
90
Total.
2,552
11,487
90
2
14,131
July 3, 1874.
for flour early in the week,
shippers to reduce their bids,
□d the decline in wheat caused holders to press sales, And ^et
le only decided decline was in low extras and seconds from win>r wheat.
Some Minnesota brands, bought a short time since
on
speculation, have been closed out at a loss. Yesterday, the
sales embraced 1,500 bbls. common extra State at $6, and 1,800
bbls. trade brands from winter wheat for export at $6 25(g>6 50.
Rye flour has been doing better from scarcity and in sympathy
with the advance in grain.
Corn meal fairly active, and prices
about steady.
To-day, the market was irregular, dull and weak
on the low grades shipping, while the better grades were more
steady for spring wheat do* but winter wheats were still weak
and irregular, though fairly active.
Minnesota and Southern
were firm and in good request,.
Corn meal was more active at
lower prices. Shipping extras $5 60@6 25.
The wheat market experienced a very marked decline. Re¬
ceipts were large, both here and at the;West ; crop accounts were
favorable and foreign advices lower ; these influences, with a
decline in gold and exchange, and a general want of confidence
among holders, have precipitated the falling off in prices above
noted. During Monday ahd: Tuesday there were sales of half a
million bushels, mainly at $1 84(3)1 40 for various grades of No.
2 spring, $1 43@1 47 for No. 1, with red and amber ranging
from $1
38 to $1 47. Yesterday, there was a moderate
business in
No. 2 Chicagp at $1 34, and No. 2 Mil¬
waukee at $1 33. but the market was generally quiet. To-day,
the market was extremely dull as sellers refused to submit to a
further decline while shippers demanded it, and hence it closed
dull and almost nominal at $1 34 for No. 2 Chicago spring $1 39
for Milwaukee do. and 2c. less bid, winter wheats, however, receded
lc, and values generally were unsettled; red winter sold at
$1 35@1 87, and amber at $1 38@1 39.
" ■*
Indian Corn steadily declined,,and on Tuesday there were large
sales of prime mixed at;7.7^®78c. Supplies have beep, more liberal
at all points, and holders have been free sellers. Yesterday, there
There was a depressed market
ull accounts from abroad caused
8,064
438
193
7,930
.
8.000
613.000
79,000
21,000
Friday P. M.,
....
249,293:
Virginia..—
Northern Ports
,
5,000
993,000
485,000
95.000
53,000
10,000
686,000
970,000; act..960,000
496,000; aci..462,000
Sept. I.
14,982
.
10
L.Mid.
....
....
«...
13,000
BREAD STUFFS.
4,371
2,732
9,991
865
217
490
200
000
240
24,127!
July 3.
70,000
Since
17
135,023
55,000
8,000
3,0(0
BALTIMORE.
fl
This
week.
of
Mid. Fair. Good,
22
30
19
17
19
22
M.F.
G.Mid. Mid. F. Mid. G.Mid.
2125,270
American.... 122,n 10
Brazilian.... 18 070
following are the receipts of cotton at New York, Boston
Philadelpliiaand Baltimore for the last week, and since Sept. l,’73i
BOSTON.
19
17
1873.
hales.
1874.
The
NEW YORK.
June 26.-
g’d fair-^
22
24
13
19
-Taken on spec, to this
502,789
438,987
2.552
2 365
3.209
%comp. ..<a%
%comp. ..®%
%comp. ..@%
8
8 5-16 8%
9
9
9*
9%
9%
. 8%
8 7-16 8%
9 3-16
Since the commencement of the year the transactions on
tion and for export have been :
Mobile.... 6%
Vtalpa
Grand Total
.
®8%
2,741
2,672
....
....
Spain, See
....
...
7 15-16
Ord. G.Ord.
Upland... o%
25
....
..<&%
8%®8%
8%®8%
,...®8%
16
15
Florida do
18,383
....
% corap.
r-Fair *
8ea Island
19,674
Bpain.Oporto&Gibraltnr&c
All others
Orleans. 8%®8%
—Ord.&Mid-^
5,985
-
m
„
%
%
%
%
%
% corap. ..<a>%
Holiday
...
8,633
....
....
@%
®%
c.
c.
following table will show the daily closing prices of cotton for the week
Wednes.
Satur.
Mon.
Tues.
Thurs.
Fri.
5,985
19
....
rotal to N. Europe.
462,659
....
110
Bremen and Hanover
400,727
6,932
4,351
....
..©%
Sail.
Steam.
c.
8%®8% ....®8% ....-©W
8%®8% 8%®8#
European Cotton Markets.—In reference to these markets
our correspondent in London, writing under the date of June
20, 1874, states:
Liverpool, June 18.—The following are the prices of middling
qualities of cotton, compared with those of last year:
do
461,162
....
...
Mid’gUplands ..®8%
prev.
year.
400,727
2,533
....
Total to Gt. Britain
Total
Same
time
24.
...®%
.®%
June 19. ,
Salcs of the week
....bales. 67,000
of which exporters took
8,000
of which speculators took
9.000
Total stock
942,000 est.
of which American
602,000 est.
Total import of the week
47,000
of which American
10,000
Actual export
7.000
Amount afloat
624,000,
127.000
of which American
The
10.
%
%
%
%
%
®%
...
c.
given as follows:
New York show an
compared with Kst week, the total reaching 2,552
bales, against 2,365 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
direction for each of the last four weeks; also the total exports,
and direction since Sept. 1, 1873; and in the last column the
total for the same period of previous year.
June
c.
speculation. Qt to-day’s
IS
as
Total
to
date.
c.
Steam.
The market is firm.
Sales of the day were 15,000 bales,
which 3,060 bales were for export and
sales 7,000 bales were American.
The weekly movement
bales less than the eaipe week last year.
The exports QJt cotton this week from
WEEK ENDING
.
Liverpool, July 3—12.80 P.M.—By Cable from Liverpool.—
us; we
during the week 4,194 bales, and are to-night 2,464 bales more
than at the same peiioi last year. The receipts have been 313
EXPORTED TO
d.
Saturday.. 5-16®%
Monday... 5-16®%
Tuesday.. .5-16®%
Wedn’day.5-16®%
Thursday .5-10®%
Friday
The above totals allow that the old interior stocks have decreased
increase
;
^-Hamburg.-—
Bremen.—
Sail,
,
Steam. Sail,
Sail,
d.
49,397
Total,
....
—-Havre.—,
>
Steam.
1,709
11,659
saVed, thtf
freights the past week have been as follows ;
Cotton
14,992
Cincinnati
On June 13, 600 bales cotton had been
and take her to Reval.
780
7,611
10,600
255
Bermnda
June
844
250
757
365
125
173
Oak, ship, from Mobile for Reval, which put into Elsinore May 30,
damaged, repaired and sailed /predestination June 12M c *
,--*v
Charter
28
(THE * CHRONICLE.
July 4; 1874.1
for prime mixed on the spot
and
To-day, the market was
stronger but quiet with 78c. generally asked for prime sailing
grades, and a small business at 77@77|c, closing lirm. Yellow
very large business at 86@86Jc.
87c. lor next week's steamers."
was a
77i@78c, and white at 85c.
Rye has been dull at the advance noted in our
in this market appears to be nearly exhausted.
sold at
129.882
7,120,6621 7,123,543 r
*
Estimated
last. The supply
FLOUR.
THE D RY GOODS TRADE.
|
SuperflneStateand West
5 00® 5 40
ern...
'
Extra State, &c
Western Spring
5 90® 6 20
Wheat
extras
do doable extras
do winter wheat extras
and double extras
City shipping extras
City trade and family
5 75® 6 25
6 40® 8 00
6 00® 9 25
6 15® 6 75
7 50® 9 00
mily orands
shipp’g extras..
Rye flour, superfine.. ...
Corn meal—Western, &c.
8 00® 9 50
6 25® 7 50
5 50® 5 90
.
3 75® 4 25
EXPORTS PROM NEW YORK.-
-RBCEIPT8 AT NEW IOBK.-
Since
Jan.
1 874.
.
For the
Since
Jan. 1.
week.
,
Flour, bbls.
C. meal,
73,305
3,856
1, 1973.
119,021
Wheat, bus 1,649,953 21.743.342
Corn,
“ . 1,299,892 12,313.805
418,021
10,252
Rye,
“ .
592.780
4,980
♦Barley “
315,274
Oats
,
18 73.
Since
For the
Jan. 1.
week.
G26 448
28,336
93 490
3,232
—*
18' i4.
Since
For the
Jan. 1.
week.
72.027 1,127,509
102,515
7,364
,
1,530,689
130,286'
7.167,155 1,341,573 19,348.636
6,857,011 951,413 9,199.280
476 130
265.281
13,454
2,024,961
“
692.678
5,171,377
4,799,983
.
m
352,598
57,724
191.523
40,040
610
62,678
2,876
5,782,399
6,255,261
2,730
....
m
m
723,*99
17,108
In “Receipts” at New York includes also malt.
The following tables show the Grain in sight and the move¬
ment of Breadstuffs ta the latest mail dat^s:
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
*
'
JUNE
27,
Milwaukee
Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth
.
Corresp’Lg week, 3’73.
it
72.
’71.
’70.
Barley
bush.
(321b«.) (481bg.)
1,056
316,452
1 050
350
975
31,041
47,150
11,762
157,907
13,050
58,173
4.2 5
74,480
57,150
26.006
3,850
123,485
,
2 828.083
122.931
75.429
1,588.347
98,446
92,462
1,003,617
J .864,561
2,406.61 3
1,977,8" 1
813,32 l
2.136.546
479.034
1,134,406
,
....
....
534,798
644,567
1,754,583
1,421,206
,
236
....
92.572
118.224
Total.,
#
Oats.
bush.
42,546
4,500*
Previous week...
*
bush.
(196 lbs.) (fiOlbs.)
24,343
2,267.713
466,293
87.500
890,331
28,451
233,500
166,725
7,959
3,133
34,898
6,239
3,895*
4i
Corn.
bush.
(56 lbs. )
Whea
10.082
1.100
tl
1 TO JUNE 27.
AND FROM AUGUST
Flour.
bbls.
Chicago
80-5.718
574,485
321,150
238,572
•
Rye.
buib.
(56 lbs.)
6,277
2,130
700
348
1,630
....
3.667
11,085
2,508
9,904
10,243
12,479
34,264
7.181
18,822
21,811
26,593
16.8P6
Estimated.
Shipments
of
Flour and Grain from the ports of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St
for the week ending June 27, 1874, and
Louis and Duluth
from January 1 to
June 27:
Corn,
bush.
1.826,89 4
WEEK
1,673.770
Barley,
Oats,.
Wheat,
bush.
bbls.
93,559 1,362,241
105,342 1,895,077
Corresp’ng week 1873
145.115 1,403,185
Corresp’ng week 1872 76,789
933,578
Corrcsp’ng week 1871
91,185
421,927
Corresp’ug week 1870
70,343
945,121
Flour;
Weekending—
June 27, 1874
June 20, 1874
RECEIPT8
bush.
371,409
1 540,048
bush.
6,219
8,188
Rye.
bush.
6,345
8.805
1,112 820
6.661 110,325
1,863.444 1,244.322
9.872 49,955
1,823,005
263,074
3.900
17,646
429.190
71,337
19,965
85,681
OF FLOUR AND GRAIN AT SEABOARD PORT8 FOR THE
ENDING JUNE 27. AND FROM JANUARY 1 TO JUNE 27.
bbls.
>
Barley,
Rye,
bush.
232,449
bush.
bush.
8.477
45,820
1,625
150
500
30.890
16,565
1,875
81,775
1,666,107
1,053.884
1,827
30,865
3,875
223,981
56,600
Portland....
5.650
Montreal...,
.
.
.
.
.
..
..
...
29.236
221,659
16 519
Cor,-week ’73....
Oats,
bush-
bush.
27,047
..
Boston
Total
Previous week
1,570,634
Corn,
Wheat,
Flour,
At—
96.000
15,201
20,732
11,612
*
139,400
105.064
....
24,561
195,160 1,997,205 1,613,670
1,997,205. 1,613,670
202,523 2,506 316 1.398.806
202.523
1.398.806
350.345
350.345
685.548
685.548
1,652,712
589,981
410,923
204.118
212,691
2,620.548
2,020.213 1,115,689
975,432
200,960- LQ76J73 .1,466,989
Supply of Grain, including
.
•
•
4,320
500
4,000
4,000
85
13.297
1,000
2,500
14,450.
45.740
4,000
26,155
4,600
Oats,
Barley,
hush.
bush.
hush.
In store at Albany
In store at Buffalo
In store at Chicago,,.;
In store at Milwaukee
In store at Duluth.
In store at Toledo
In store at Detroit
In store at, Oswego*
In store at St. Louis.
Instore at Peoria.
1
In store at Boston..;
In store at Toronto.
.;
In storeat Montreal.;
In store at Philadelphia*
In store at Baltimore..
833,613
113,203
337,471
42,271
6,000
17.000
17,000
Corn,
109,380
140.649
55.175
1,051,841
2,447,269
311,735
559,771
155,627
304,166
89.781
.....
75,000
72,859
259 746
52.c65
23,350
7,981
2,767
47.670
15,907
115,000
10.000
85 274
2,586
8,629
38 118
311.052
512,526
134.555
52,291
110,940
194,582
24,981
81,781
9,650
150,000
155,000
of the fall season.
lias been less satis¬
factory. A shortened production has had the effect of keeping
stocks from becoming excessive, but prices have been unsatisfac¬
tory throughout, and manufacturers bold larger stocks of the
lower qualities at the close than is healthful.
Trade in heavy
weights opens fairly, however, and at prices so low that if they
do not pay a profit are favorable for an advancing market later on.
The financial condition of the general trade is thought to be
good, and few embarrassments are reported. The failure of an
importing bouse with $300,0C0 liabilities is noted in the ribbon
trade, but no stir is occasioned thereby. Several changes yi
firms are reported, and some new bouses have been organized.
Domestic Cotton Goods.—A moderate business has been
done and the principal makes of both brown and bleached goods
have started on the upward scale.
A few brands have been
marked down temporarily in consequence of a slight accumulation
which the agents were desirous of moving.
The alterations will
be noted in our price current. Colored cottons are dull, but show
no essential changes.
Prints have been selling fairly and choice
light effects are steadily held, with stocks generally well reduced.
Domestic Woollen Goods.—The Westeru clothing trade
have been buying heavy weights for their fall stocks with con¬
siderable freedom, the present low prices current being an induce¬
ment to them to operate freely at the opening in view of the
strong prospects of higher values later ou.
Overcoatings are
meeting fair sale and are firmly held. Cloths are selling only
moderately. There lias been a steady call for flannels and
blankets and the trade is constantly improving, though the
The
aggregate distribution has not become very heavy as yet.
market is to some extent nominal on these goods.
Dress fabrics have sold to a limited extent at steady prices.
Other woollens are quiet and without notable feature.
Foreign Goods.—The auction sales by the four-months* houses
were closed this week and the market for some time to comeds
likely to present, as it does now, little worthy of note, in the
absence of business.
The importations continue about the same
as last year and include a full proportion of woolens of all kinds.
The figures showing the amounts received will be found in the
annexed tables.
The importations of dry goods at this port for the week ending
July 2, 1874, and the corresponding weeks of 1873 and 1872
have been as follows :
„
266,156
20,000
CONSUMPTION FOR THE WEEK ENDING JULY
-1872
Value.
Pkge
Manufactures of wool.... 164
$64,790
•
123.447
do
cotton.. 392
33 4,830
359
do
silk
do
flax
889
138,475
92,171
Miscellaneous dry goods. 244
.
2,018
Total..
WITHDRAWN FROM WAREHOUSE
44,ifjJ
3,572
$753,713
AND
,
1873
Value.
PkgS
285
$140,501
416
130,568
143
91,167
717
128.815
134
42,709
-1874——,
Pkgs
.
1,725
2, 1874.
,—_.
Value.
420
450
412
444
197
60,013
1,923
$336,790
$208,744
$791,767
139,853
299,558
8K.599
THROWN INTO THE MARKET DURING THE
8AME PERIOD.
Manufactures of wool....
183
$82,141
230
$110,584
173
$75,168
cotton..
153
62,283
104.42 1
112
50.603
35
33.781
412
67,172
64
19.545
293
40
242
265
45,973
48.676
19.724
28
193
569
19,615
38,769
12,217
847
$264,922
1.070
$329,392
1,073
$196,372
2,048
753,713
1,725
536,790
1,923
794,767
$866,182
2,998
$991,139
do
do
do
Miscellaneous
Total
Add ent’afor
silk
flax
dry goods.
consumpt’n
Total thrown upon
m’k’t. 2,895 f 1.018,635
2,795
ENTERED FOR WAREHOUSING DURING SAME FERIOD
Manufactures of wool....
do
cotton..
do
silk
do
flax
Miscellaneous dry goods.
60,000
33,781
will have the effect of Invit¬
a more liberal distribution at tile opening
With the woolen goods interest the trade
bush.
Wheat,
In store at New York...
point at the close of the spring, and
the
low
ing
,
....
85
the fall trade the prospects are more favorable by reason of
lower prices which have aided in reducing stocks to a pretty
ENTERED FOR
the stocks in
granary at tho principal points" of accumulation at lake and
seaboard ports, in'transit by rail, on the Lakes and on the New
York canals, was, on June 27,1874 :
The Visible
some
.
4 4C® 4 50
The movement in breadstuffs at this market has been as follows
Corn meal—Br’wine, &c.
having marked the close of the Sprip^vseason
dry goods has been extremely quiet, and there is but tittle to
note in connection with the trade.
There have been active pre¬
in
..
brands.
Southe' n bakers’ and fa¬
Southern
Friday, P. M., July 8, 1874.
The current week
parations going on for the opening of the fall trade, and prices in
of the leading lines of cottons have been subjected to
The tendency of the general market for
material alterations.
Grain.
Wheat—No.3 spring,bush.$1 30® 1 32 cotton goods has been toward higher rates, though in exceptional
No. 2 spring
1 34® 1 39 cases prices have been lowered a fraction by agents.
This has
No. 1 Bpring
1 40®1 41# been
only on the medium and lower qualities of brown or. bleached
Red W estern
1 35® 13T
Amber do
1 33® 1 40 goods, which had accumulated to some extent and upon which a
1 47® 1 60 concession was made with a view to working off the surplus
White
76® 77# stocKs
Corn-Western mixed
prior to the clbsuig up of the semi-annual, accounts.
87
White Western
85®
These goods will doubtless be advanced again early in the present
78
Yellow Western
77®
02
month or as soon as the fall demand opens with any briskness.
Southern, white
1 00®
1 08® 1 15
Rye
The close of the first half of the year shows a fairly satisfactory
56®
57
Oats—Black
Mixed
58®
60 result to the cotton goods* interest, though a better showing
would probably have been made had the opening prices of the
White
nominal
Barley—Western.
season been more moderate, and bad the season’s business been on
do.
Canada West
an advancing market instead of a declining one, as was necessitated
do.
State
1 05® 1 30
Peas—Canada
by the high range of values with which the trade opened. For
$ bbl.$4 25® 4 65
No. 2
1,812,00* •»- 63,810
'
Canada Peas have been
quiet.
Oats materially declined, and on Tuesday a load of white
western sold at 6lc, against 66c. a few days before.
Yesterday,
there was a large business in No. 2 Chicago at 58c.
To-day, the
market was firmer though inactive, with sales at 57@60c. for
mixed, 61(5)64 for white.
The following are the closing quotations :
227,000 V
822,000
1.935,000
Total
490
5,729
1,689,592; fv 70,84T»
137,302
301,162
1,232,859
Rail shipments
Lake shipments.
Amount on New York canals....
792
367
136
415
$.373,867
108
43,117
451
177
51
138
51
316
$195,723
7,081
871
$323,135
1,7*5
536.790
3,866 $1,519,228
2,596
$859; 925
;
50.302
149
117,503
218
10
«
29.077
753.713
$140,349
135
50,362
40,892
$ 765,515
Total
1,818
‘.dflent’dforconsumpt n 2,048
Total entered at the port.
123.705
139.769
85,117
63.828
6.193
853
1,923'
$378,675
794,767
2,781 $1,173,44
24
THE CHRONICLE
Commercial Cards.
Fabbri &
48 South
Sc
Messrs.
PBEVOST
LIMA AND IQUIQUE,
Allows
SONS Sc CO.,
CO.,
Advances made on Consignments of approved mer¬
chandise to the above houses.
Co., Iquique, are prepared to give
■pedal attention to everything connected with the
purchase and shipment of
Soda.
JEWELL,HARRISON
COMPANY.
&
PURE
LARD
ALL
PACKER
FOR
CLIMATES.
4
Per Cent. Interest on
Trust
Co.,
EXECUTIVE COMMITTEE:
Samuel Willets.
J. M. McLean.
B JL Hutton,
E. B. WK8LEY,
G. G. Williams,
Capital Paid in
The
“AWNING STRIPES.”
•
-
140,142 & 146 BROADWAY, COR. LIBERTY ST.
States Bunting
Company.
all Widths and Colors always in stock.
Jewelry, Wills, &c,and the RENTING, OF SAFES
n
WM. M. VEIiMILYE,
S. D. BABCOCK,
DAVID JONES,
SAM’L F. BARGER,
HENRY M. TABER,
WM. B. CUTTING.
The
Street.
Invested in United States
Syracuse.
HUBBARD, Secretary.
Brooklyn Trust Co.
Clinton sts., Brooklyn, N. Y.
MANUFACTURERS OF
SUPER-CARBONATE
SODA
of
AND
*
SALERATUS,
Slip, New York.
This Company
Is authorized by special charter to act
receiver, executor, trustee or guardian.
can act as agent in the sale or management of real
estate, collect Interest or dividends receive registry
and transfer books, or make purchase and sale of Gov
eminent and otlier securities.
1
Religious and charitable institutions, and persons
unaccustomed to tne transaction of business, will find
It
this Company a safe and convenient depository for
RIPLEY ROPES, President.
money.
W. R. Bunker. Secretary
Edgar M. Cullen. Attorney and Counsel.
TRUSTEES:-
Jobbing Trade ONLY Supplied
J. Wilcox & Co.,
PRIME
H. E. Pierrepont,
J. S. Rockwell,
S. L. Husted,
Chas. R. Marvin,
Alim. B. Baylis,
D. Chauncey,
THE
STEARINE
Loan &
AND
OIL,
No.
Washington, Vestry Sc Greenwich Sts.
Alex. M. White,
Henry Sanger,
Edward HarveyW. C. Kingsley, James D. Fish,
W. S. Tisdale,
Alex. McCue,
Josiah O. Low,
H.J. Cullen, M,D,
John P. Rolfe,
W. R. BUNKER, Secretary.
John Halsey,
NEW
BROADWAY,
59
BEAVER
Stock, Gold and Exchange
Brokers,
STREET, N. Y.
STOCKS, GOLD & EXCHANGE BOUGHT
Loans Negotiated.
STRICTLY
& SOLD
COMMISSION.
ON
prompt attention.
Thos Fyshe,
W. L. Comings,
Late one of the Agents of
Member of N. Y. Stock
the Bank of Brit. No. America. & Gold Exchanges.
All orders will receive
J. Hickling & Co.,
Street, N. Y.,
72 Broadway * 11 New
make Collections in all parts
Issue Drafts and
of
Europe and British Dominions. Securities negotiated.
Double Privileges on all active stocks, 10 shares, 80
Sent free to any address.
Forty-eight pages.
W. B.
LEONARD,
GEO. B. HOWELL.
W. O. SHELDON,
BANKERS,
and Trust
Funds.
STREET,
Comings,
5c
Fyshe
$1,000,000.
Pay Interest on Deposits
.
Leonard, Sheldon & Co.,
Opposite the New Post Office.
CAPITAL,
SALES OFFICE:
sight.
Pays FIVE PER CENT. Interest per annum on
special Deposits remaining six months or longer.
Acts as trustee for estates.
D. R. MANGAM, President.
JOHN C. CRU1KSHANK, Secretary.
days, $21 24; Puts and Calls, $10 65.
“
THE ART OF SPECULATION,”
YORK
Indemnity Co.,
229
Government Bonds.
Pays FOUR PER CENT Interest per annum on
Deposits subject to check at
31 WALL
as
WARREN ST.,
CAPITAL, $1,000,000,
PAID-UP
W. H. TILLINGHAST,
WM. T. GARNER,
E. J. WQOLSEY,
W. F. DRAKE,
B. F. ALLEN, Chicago.WM. T. HAMILTON:
Cor. of Montague &
John Dwight & Co.,
L A R R
BURGLAR-PROOF VAULTS.
Its FIRE AND
CAPITAL, $500,000.
LARD,
President.
FRANCIS II. JENKS,
The first established In the World for the SAFE
KEEPING OF VALUABLES, .Bonds, Stocks, Plate,
COR. BROADWAY &
SMYTHE, President.
BOWEN, Vice-President.
H. J.
LEAF
Deposit Co.
YORK,
NEW
OF
$1,000,000.
H. A.
C. T.
Also, Agents
Wm.
Safe
This Company receive deposits, allowing interest on
the same, subject to check at sight.
Also act as
Trustees, Executors, Transfer Agents, and are a De¬
F. SCHUCHARDT,
ING, BAGGING. RAVENS DUCK, SAIL TWINES
AC. “ ONTARIO” SEAMLESS BAGS,
The
OGILVIE, Secretary.
STREET,
-
-
DIRECTORS:
COTTON CANVAS, FELTING DUCK, CAR COVER¬
No. 11 Old
Wm. Whitewright, Jb.,
Geo. Cabot Ward,
Wm. Butler Duncan,
pository of Trust Funds.
And all kinds of
Ruane
Jr.,
Second Vice-President.
Co.,
50 WALL
COTTONS AIL DUCK
No. 109
WM. WHITE WRIGHT,
New York State Loan &
Manufacturers and Dealers in
A full supply
J. M.
J. H.
„
NEW YORK.
Brinckerhoff, Turner
United
KING, President.
McLEAN, First Vice-President.
De¬
Hamilton FlBh,
Thos. W. Ludlow,
Wm. B. Astor,
George T. Strong,
John Q. Jones,
Robert Ray,
Meredith Howland,
Moses TayJor.
John Taylor Johnston,
Henry Chauncey,
William E. Dodge, Jr.
Wm. H. Asplnwall,
James Colies,
Henry Parish,
J. J. Astor,
Jas. P. Kernochan,
James a. Roosevelt, *
Wm. C. Schermerhorn,
Josenh Batteli,
Lorl’d Spencer,
Frederic W. Stevens,
Robert L. Kennedy,
Charles G. Thompson.
HENRY PARISH. President
TH< >MAS W. LUDLOW, Vice-President,
JOSEPH R. KEARNY, Secretary.
WM. MEIKLEHAM, Assistant Secretary.
OF LARD OIL AND STEARINE.
&
for the
posits, payable alter ten days’ notice.
Legal Repository for Executors, Trus¬
tees, and Money In Suit.
Grants Annuities and Insures Lives.
PROVISION DEALERS AND MANUFACTURERS
ESTABLISHED 1841.
or
ERWARR
1RUSTEES.
LIVERPOOL, ENGLAND
of
by Will
Owners.
Messrs. JNO. W. CATER Sc
Nitrate
Created
ROLLARS.
Invested In United States Government Bonds.
OFFICERS
Otherwise.
Manages Property as Agents
LONDON, ENGLAND,
Messrs. Prevost &
STREET.
WALL
Trust
Accepts
CO.,
Y,
CAPITAL
ONE MILLION
CHARTERED IN 1830.
PERU,
Messrs. JNO. W. CATER,
73
COMPANY,
52
CO.,
Sc
YORK,
BROARW A
Corner of Rector Street.
No.
KENDALL
ANR
INSURANCE
LIFE
TRUST
VALPARAISO, CHILI.
Company
OF NEW
MERCHANTS,
Street, New York,
Union Trust
The New York
AGENTS FOR
Messrs.
Financial.
Financial.
Chauncey,
COMMISSION
[July 4, 1874.
N o
10
STREET,
WALL
'
W. H. FOSTER. President.
NEW YORK.
JEWELL,HARRISON
&
COMPANY,
COMMISSION
ANR
COTTON MERCHANTS.
ESTABLISHED 1841.
NEW YORK.
Olyphant
COMMISSION
&
Co.,
MERCHANTS,
.
Hong Kong, Shanghai, Foochow Sr
Canton, China
Represented
OLYPHANT Sc
by
Co., of China,
104 Wall St., New York.
YORK.
NEW
JOHN T. BANKER. Secretary.
Commercial Warehouse
$50,000.
We offer a tract of land
COMPANY.
Capital, $2,000,000.
BANKERS
Sc
MERCHANTS.
Cask
BANKING OFFICE, 29 WILLIAM STREET,
Corner Exchange Place.
WAREHOUSES, ATLANTIC DOCK, BROOKLYN
CASH ADVANCES made on FIRST-CLASS SECU
R1TIES on demand and time.
CASH ADVANCES made on all kinds of MER¬
CHANDISE stored in our own WAREHOUSES, on
FAVORABLE TERMS.
PAUL J. ARMOUR, President.
JOSE F. NAVARRO. Vice-President.
beautiful town, about 45
from New York.
situated in a thriving and
minutes, via three railroads
ThlB tract (high and gently undulat¬
ing) consists of 89 acres,
sion Into villa sites.
admirably adapted for divi¬
The above price is exceedingly
low, and any one with
capital and attention can
readily realize a large advance In this property.
For further Information
E.
A.
apply to
CONRIT
*
.
JOHN BAIRD, 2d Vice-President.
FELICIANO LATASA. 8d Vice-President.
Paul J. Armour, Wm. D. Bowerman, C. H.Delamater
Jose F.Navarro, Feliciano Latasa,
Juan J. Jova.
John Baird,
Thomas Murphy.
Henry B.
J AMES CLY NE, Secretary.
Hyde
WILLIAM TOBIN Sup’t of Warehouses.
CO.*
BANKERS AND BROKERS,
60
Broadway.
Stocks, Bonds, and all kinds of securities
and sold on Commission.
Loans obtained Ac.
bought
@FedFRASER