Full text of Commercial and Financial Chronicle : July 5, 1879, Vol. 29, No. 732 [Copy 1]

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A HD
HUNTS

MERCHANTS'

S

MAGAZINE/
paper,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS OF THE UNITED STATES.

VOL. 29.

SATURDAY, JULY 5, 1879.
CONTENT8
THE

Aetion of the Louisiana Convention^nd its Moral

stituted under the
est

Monev Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, etc...
Commercial Epitome
Cotton

fifteen years and to 4 per cent
5
nothing at present to da withr the
6
question of the acceptance of this proposition, though
6
the very contest which has been in
progress in New
8
Orleans for some weeks should, and we have no doubt

I

1

Imports and Exports for May, 1879
| United States Treasury Statement
| Latest Monetary and Commercial
1
English News

Egypt and Her New Ruler
2
American Leaf Tobaceo
3
Financial R view of Jane
3 Commercial
and
The Debt Statement fwr June, 1879
5 1
News
THE BANKERS’ GAZETTE.

Miscellaneous

I Quotations of Stocks and Bonds

| Local

13
11

Securities

I Investments, and State, City ami
10 ]
Corporation Finances

THE COMMERCIAL TIMES.
20 | Breadstnffs
20 Dry Goods

15

24
25

3/ltc Clxrmiicle.
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ACTION

OF

THE LOUISIANA
AND ITS MORAL.

of the State at

least, which will never permit the ques¬
finally settled except in one way. In fact, the

remarkable

will, give the Committee who have organized this defeat
of repudiation
great influence with the creditors.
But this little piece of
history and the final action illus¬
trate one fact
very clearly, which we have ofttn insisted
upon and wish politicians would take note of, and that
is that great reliance can be
placed on the average
intelligence and honesty of any American community, if
the necessary steps
to enlighten it will only be takeD.

We must remember that the citizens of Louisiana

are

their efforts have thus far met with
is a very hopeful feature for several reasons.
It
will be remembered that when the

beeu funded and is
admitted

to

be

now

undistinguishable,

generally
fraudulent, and nearly nine millions of
was

the

success

majority report

with;—the
people were personally embarrassed, and, therefore, their
sense of
justice was deadened, and they had the sem¬
blance of an excuse which they could use to
justify their
action. When, however, the question was
stripped of
its immaterial issues and the
people were brought face
to face with the fact that all the now
outstanding debt
had been funded through a board of
liquidation, under
the acts of the Legislature of the State,
passed in 1874,
and the bonds regularly issued in
every way by the
State, and that finally the whole funding scheme and
proceedings had been confirmed by the legislative act-of
1877 and by the courts, they seem
quickly to have
realized that repudiation could only be with dishonor.
We dwell thus at length upon this case
because, as we
have stated, it is a good illustration of a
great truth,

made, cutting down the debt to almost nothing, it
had the support of a large
majority of the Convention.
This week that report has been
actually defeated by a
vote of 49 yeas to 80
nays.
That, of itself, shows a
remarkable change of opinion, and would be a
very
gratifying victory; and yet it is by no means all that one which it would be wise for statesmen and for
has been accomplished. On
Tuesday of this week the politicians to consider well. No party can be built np
Convention adopted a substitute for the
minority report, in this country on dishonesty or can afford to have its
recognizing the entire principal of the State debt as con¬ policy tainted with the least
suspicion of any species
was




in

just that condition of commercial depression and pecuni¬
ary embarrassment which, as Calhoun once expressed it,
naturally “ blunts every feeling of honest pride and
deadens the sense of justice,” so that
they were very
ready to be carried away by any cry which would
promise temporary relief.
No part of our country
is more
unfavorably situated for the growth of
a
sentiment favorable to the honest
payment of
debt
than
that
State
at
the
present time.
Furthermore, a small portion of the debt which had

original debt was contacted under a government
which the very large majority of white
people there,
believe was never elected, but forced
We
upon them.
recall these facts simply to show how
many hindrances
CONVENTION the development of an honest sentiment met

Whatever may be the final action of the Louisiana
Convention now in session
respecting the State debt, the
course of the Citizens’ Committee and
the press of
New Orleans shows a sense of honor
existing at that end

tion to be

Funding Act, hut reducing the inter¬

3

per cent for
thereafter. ’ We have

CHRONICLE.
•

to

NO. 732.

2

THE

CHROJV1CLE.
=

of

repudiation. A temporary success may frequently
be obtained by taking
advantage of hard times. Thus
at is that the silver and the
greenback cheats have for
a time secured a
large following. But our people are
too intelligent, and either too honest or too shrewd to
be long deceived.
A greenback orator, who is said to
have begun with the silver
heresy, but has now passed
beyond it, explained himself in a speech the other day
by saying that “ it is a great wrong to stamp one dollar
on a
piece of coin that is worth eighty-four cents, when it
is just as easily
stamped on a piece of paper worth nothu
ing.” That statement shows a logical mind; and yet
a great
party is to-day expecting to raise itself into
office on the supposition that it can make the
majority
of our people believe the
payment of debts .in silver
worth eighty-eight cents is honest and does not mean
repudiation. To be sure the leaders have apparently
become somewhat frightened, and are
just now endeavor¬
ing to conceal the real issue under other policies. We
hope that will not be allowed, but that the question
"Will this time be fairly met and settled.
The comrnerciai interests of the
country are weary with the cease• less
agitation of questions touching the very basis of
the currency, and the desire is that this autumn such an
emphatic condemnation will be recorded as will at least
; give us rest for a time.
'

«(

•

•

>

•

•

•

EGYPT AND HER NEW RULER.
The crisis in

Egypt has been ended in a manner which
*can
hardly be said to have excited surprise. It was a
foregone conclusion that, if the Khedive did not retrace
the step which he took in
April last, he would be comtpelled to give way before the forces whose authority he
had-repudiated, and whose anger he had provoked.
Thus, after thirteen years’ rule, the greater portion of
which was characterized by
great prosperity and by
•extraordinary magnificence and splendor, Ismail Pasha
has been compelled to
lay aside the symbols of sover¬
eignty; and his son who now rules in his stead, shows an
•evident disposition to carry on the
government in a
spirit of rigid economy. According to the latest advices
‘be has agreed to surrender one-half of his father’s
civil
/list—a surrender which, if
faithfully carried out, will
effect a saving of seven hundred and
eighty thousand 1
•dollars annually. He was also
surrounding himself with
•

excellent advisers.
It is not possible to

regard this new arrangement in
final. It is only another experiment—an
experiment, it must be admitted, made primarily in the

Egypt

■

as

interests of the bondholders.

It is

a

doubtful ques¬

tion, however, whether the experiment will succeed,
Egypt is undoubtedly a rich country; but it has through
the exactions of late years become
greatly impoverished.
The broad acres of fruitful soil are still
there; the Kile
still pours down its wealth of
but
waters;
the fellaheen
are poor—so
poor as to be without implements to till
the soil, and without even seed to
plant in it. The
•emblems of poverty are
everywhere present. Recu¬
peration, under such circumstances, must neces¬
sarily be slow; and to be effective it must
needs
imply much fostering care on the part
of the Government.
The debts of Egypt, if
paid,
will come out of the produce of the
soil; but
the soil will not yield its increase unless it
receives
seed, with all the pecessary attention of the husband¬
*

"

cannot

| Voi*. XXIX.
:

■

r—■

.

■

:’.1

their taxes until they have the means of till¬
ing and sowing. It is quite possible, therefore, that
before the new Government is in a
position to meet the
demands of creditors, there will be another
impatient
outcry, to be followed by other and more radical
changes. It is but reasonable to conclude, however,
that so long as the
young Khedive preserves good faith,
and shows a Willingness to do his
best, he will receive
pay

the encouragement and
support

of the Powers. The
task, however, is so difficult, and time is so necessary for
its accomplishment, that France and
England jointly, or
England alone, may find it necessary to occupy Alex¬
andria and Cairo, take possession of the
government,
and give suitable and
satisfactory guarantees for the
payment of the debt.
As yet there is no evidence that France and
England
are to take
any direct action in the new Government.
They have not become guarantors for the payment of
the debt.
They have not, so far as any information has
reached us, resolved on the restoration either of the

Goschen-Joubert scheme, or of the Wilson-De
Blignieres
scheme, both of which failed through the interference
of the Khedive.

The

presumption is that

and definite arrangement,
made by the French and

based

on

some new

the investigations

English commissioners, and

embodying the essential features
will be arrived at.

If

of the latest scheme,
for the sake of peace the two

governments refuse for the present to interfere directly
with Tewfik and his ministers,
they are but little likely,
we
may rest assured, to withhold from them their coun¬
sel.
The latest news .hints at the institution of a Com¬
mission of Liquidation

composed of delegates appointed

by the Powers.

It is worth while to observe the care which has been
taken to prevent any change in the relations which exist
between Egypt and the Porte.

By the persistence of

France and

England, the Sultan was thwarted in his
to place Halim Pasha on the vice-regal

purpose
throne.

Such

the entire

an

act

would

'

have

relationship subsisting between the

overturned
two coun¬

tries, and would have rendered it necessary for the Pow¬
ers, acting in the interest of the creditors, to deal with
the Sultan at Constantinople rather than with the Khe¬
dive at Cairo. How
sorely the Sultan felt under the
restraints thus imposed upon him, has been made mani¬
fest by his later attempt to
abrogate the irade of 1841,
which permits the ruler of
Egypt to conclude treaties
with foreign governments.
This both France and
England resist, demanding that the status which ex¬
isted previous to the deposition of the late Khedive be
maintained. It is hardly permitted us to doubt that in
this later as in the former
instance, the Sultan will be
forced to yield. The steady and persistent course which
the Powers have followed, in their endeavors to
pre¬
serve the status of the
Khedive, makes it abundantly
plain that they are resolved to hold Egypt so directly in
hand that if the necessity should
arise, they will be
able to occnpy at once and make a final
disposition of
the difficulty without any regard to the
feelings or
wishes of the Sultan.

As,

we

have often had occasion to remark in these

columns, it is the jealousy of the Powers alone which
prevents the immediate and final solution of this diffi¬

culty.

The possession of Egypt by England is an ad¬
mitted necessity. The occupation was urged upon the
man.
This is the real
difficulty of the new Egyptian British Government by the late Czar Nicholas. It was
Government. It has been called into existence for the recommended
by Bismarck during the Conference at
purpose of paying the national creditors. It cannot
Berlin
pay
; and could not by any possibility offend the
.them until the fellaheen can
pay their taxes; and they susceptibilities of Austria. It may, we think, be taken




July 5,

THE

1879.] ’

CHRONICLE.

for

granted, that it would be assented to by all the Euro¬
pean Powers but two, if we leave out the Sultan’s Gov¬
ernment—we mean France and Italy.
Both those
Powers have substantial interests in Egypt. There is a
large French and a large Italian population in that coun¬
try. If, however, France and England could agree, we
cannot regard the opposition of
Italy in a serious light.
The British Government have again and
again declared
that while they will not force a final issue in
regard to
Egypt, they will not permit their interests in that land
to suffer or be diminished.
If England’s hands were
now less full than
they are, compensation might be
found for France, Italy might be
pacified, and the
land of the

Pharaohs be annexed to the dominions of
the British crown.
Such a solution commends itself to
us

mainly for the reason that it would subserve the in¬
Egyptian people and would be advan¬

terests of the

tageous to the

commerce

of the world.

AMERICAN LEAF

TOBACCO.

Since the great speculative movement of 1874-5 in
leaf tobacco, attended by an almost unprecedented rise

in

values, the trade has been dull, accompanied by a
steady decline in prices, which has at length brought
them down to very low figures.
A comparison will
exhibit at a glance the changes that have taken
place.
TRICES OF WESTERN LEAF TOBACCO AT DATES GIVEN.

Description.
Lugs
Common and medium leaf.;
Good to tine leaf
Selections

1st June, 1875.
912®12c.
12

1st June, 1879.
21e® 5c.

®17e.

5
d> 8^c.
8^® 12c.

1612®21c.
21

®28c.

12

®15c.

In the

light of these figures great diversity of opinion
seems to exist as to the immediate future of the
market,
a revival
of speculative activity and an important
advance in prices being looked for in many quarters.
It
will therefore be of

which

interest

to

notice the influences

a

late, in anticipation of the reduction in the home duty*.
was finally
accomplished, to take effect on the 1st
of May. The stock of
101,000 hhds. last January was
against 77,000 hhds. on the 1st of January, 1878; and
yet the visible supply in the markets of the world was*
on the 1st of
January, 1879, only 449,600 hhds., against.
491,200 on the 1st of January, 1878, a decrease of 41,600*
hhds., in the face of a crop in the United States fully/
100,000 hhds. short and a planting season that threatens;
a
repetition of the deficiency for another year.
But, on the other hand, there is good reason to appre¬
hend a falling off in the demand. The “ hard times 79
have materially reduced the
consumption of tobacca
throughout Europe. Great Britain and Germany are
understood to be carrying pretty full stocks.
That
prices have been very low is undoubtedly true, and the
slight advance that has been obtained in the past month
is due mainly to a natural reaction. There
is, however,
some speculative
feeling based on the statistical position,
and the unfavorable
crop prospects.
The interior'
markets are higher than this.
Some further advancemay therefore be expected; but a recurrence of theexperience of 1874-75 is neither to be anticipated nordesired. So reckless a speculation works
injury, ancL
only injury, to all legitimate interests.
Some facts respecting seed leaf tobacco
may be inter¬
esting in this relation. This staple has latterly shown
increased activity, and it is thought the
export demand
will revive as soon as the German Parliament
disposes
of the question of
import duty. The crop last year
was also smaller than in
1877, the entire yield being es¬
timated at 140,000 cases in 1878,
against 180,000 cases iir
1877.
There is a marked deficiency, but the
exports
since the first of January are only 4,690
cases, against
17,386 cases for the corresponding period of 1878; and
stocks at this market are now 16,963
cases, against 17,869 cases one year
ago.
So that notwithstanding
the smaller crop, there is no present
deficiency of
supply.
This

likely to affect prices.
period of the year, the “Regie” contracts
are awarded.
They are the contracts of France, Spain,
and Italy, to supply the needs of their people, as the
article is a government m nopoly in those countries;
FINANCIAL REVIEW OF JUNE.
and much depends upon the quantities, grades, &c., to
The course of the markets during June developed, as a
be taken.
On the 7th of June, the French contract was
rul^ta strong tone on a moderate volume of business.
The predic¬
awarded for 18,000 lihds., of which 11 000 hhds. were
tions of a change from the buoyant tendency, which had been
Maryland and 7,000 hhds. were Ohio, aud it is expected the great feature of previous
months, were not fulfilled, and.
that she will take in addition 8,000 hhds. Kentucky. the
large advance in securities of all sorts which had already
Spain has awarded a contract for 21,000 hhds. in two been established was very well maintained. The dealings in
years, and Italy a contract for 11,000 hhds. for this year United States Government bonds were less animated, on account
of the peculiar situation of the market, in which the $10 fund¬
—altogether calling for 47,500 hhds. this year. The
total exports of leaf tobacco fro"i the Atlantic and Gulf ing certificates, exchangeable for new 4 per cent bonds, intro¬
duced a disturbing element which induced the 4 per cent
syndi¬
ports last year were 241,000 hhds., and the consumption cate bankers to
virtually withdraw from the market as sellers*
65,000 hhds., making a total of 306,000 hhds.
until the bonds arising from these $10 certificates should be out
With regard to the supply, present and
of the way.
prospective,
Railroad traffic for the first six months of 1879 shows no
The crop for 1 78 was
the outlook is not favorable.
gen¬
eral
increase in earnings over the first half of 1878. The railestimated on the 1st of January at 250,000 hhds., agiinM
roads showing any considerable increase are, as a rule, those
342,000 hhds. in 1877, but later estimates put the crop which are
are

About this

-

operating

increased mileage; some exceptions to
of the Kansas Pacific, were shown in
in all American markets were 101 0 <0 hhds., which make the Chronicle’s tables of
earnings.
the prospective supply for 179 from 321,0 >0 to 351,000
The total transactions at the Stock Exchange, compared with,
hhds., against 419,000 hhds. for 1878, a deficit of from previous months, were as follows:
68,000 to 98 000 hhds. Besides this, the planting season
March.
April.
May.
June.
at about

220,000 hhds.

of 1879 has

not

The stocks

been favorable.

on

Tne

the !st of

January

this, however,

as

in

an

case

|

work

should have

U.S. Goveinm’t bonds
State bonds

$4,855,150 $15,940,850 $11,53

.

,v 50

$9,413 3 )0

1,536,000
1,034,800
1,468,000
2,517,500
completed by the 20th of May, whereas it was Railroad bonds
19,613,800 40,415,250 43,140,355 31,256,790
Bank stocks...shares
1 272
1,348
1,244
delayed till about the first week in June, and the tem¬ RR.&
1,202
miscel.8tks “
3,934,634! 4,470,099
5,450*375 3,215,995
perature since planting was finished has been much to<»
The following summary shows the condition of the New York
low ; consequently, a deficient crop for the current year
is generally expected. This is an additional element < f Clearing House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of mer¬
strength to price-. The stocks of hhds. in the principal chandise, on or about the firet of
July in each year, from 1877
markets of the United States were permitted to accumu-1 to
1879, inclusive: '

been




;

CHRONICLE

THE
1, 1877 TO 1879.

STATISTICAL SUMMARY ON OR ABOUT JULY

1879.

RAILROAD AND MISCELLANEOUS STOCKS.

The stock market showed

1877

1878.

New York City Banks—
Loans and discounts

253,575,500 232,720,200 251,655,600
Specie
:
19,666,400
16,311,900
17,453,000
Circulation
$ 20,371,300 19,934,200 15,643,200
Net deposits
$ 226,113,600 205,965,600 226,488,200
Legal tenders
$ 46,902,600 53,996,300 60,359,500
8nrplus reserve (over 25 p.c.)$ 10,040,600
18,816,800
21,190,450
Money, Gold, Exchange—
}
Call loans
1
@2
I 3%®6
1%®2
Prime paper
3^0/4
Gold
100
Silver in London, per oz
513j
Prime sterling bills, 60 days.. 4 86 -4 8612
United States Bonds—
xl01%
6s, 1881, coupon..
6s, currency, 1S98
122H
10-!%
5s, 1881, coupon
106%
4%s, 1891, coupon
4s of 1907, coupon
xl017s
Eailroad Stocks—
New York Central A Hud. Riv.
118%
Erie
28
Lake Shore & Mich. Southern.
7312

Michigan Central

Chicago Rock Island A Pacific

j

Chicago & Northwestern,
Chicago Milw. & St. Paul,

com.
com.

Delaware Lack. A Western
Central of New Jersey
Merchandise—

...

3%®4%
105%

10034

52&10
4 85%-4 86

4 87

54
-4 88

112

107%
12078
10710
10430
100%

123%
112
108 7s

108%
56 34

90%
6%
4730

6430

40%

15%

74%
1371-2
883s
66%
543a

Illinois Central

®4

3

116

9034
54

84%
47%

20

51%

19%

5830

58%

36

52%

35%

7%

Cotton, Middl’g Uplands.^ lb.
12T16 *
H71q
125,6
31 @42
30® 37
40® 50
Wool, American XX
$ lb.
Iron, Amer. pig, No. l..$ ton. 18 50® 19 50 16 50®18 00 18 00® 19 00
1 17
I 1 02® 1 04 1 58® 1 65
Wheat, No. 2 spring..
bush.
54® 60
bush. 40 ® 43%'
Corn, Western mixed.
46
41®
(10 12%-37% 14 20® 14 30
Pork, mess
'.
$3 bbl. 10 25®
—

BANK

MOVEMENTS AND THE MONEY

The banks showed

no

MARKET.

large increase in their surplus

reserves

the bank reserves in May and early
June. The money market worked quite easily, and neither the
settlements for called bonds nor the preparations for J uly dis¬
bursements had anjr material influence in hardening rates.
on

The most

importat single event of the month was the dividing
up of the surplus stock of the Western Union Telegraph Com¬
pany in the form of a scrip dividend of 17 per cent. This had
been talked of so long that it created no surprise, but as to
strength for opposing the movements of rival companies, the
distribution was generally conceded to be a weakening step.
The following table will show the lowest, highest, and clos¬
ing prices of railway and miscellaneous stocks at the New York
Stock Exchange during the months of May and June:
RANGE OF STOCKS IN MAY AND JUNE.

Railroads.

Albany A Susq’hanna
I>03. A N. Y. Air-L. pf
Burl. Ced. Rap. A No.
Canada Southern....
Central of N. Jersey.
Ches. A Ohio
do
1st pref
do
2d pref.

Chicago A Alton
Chic.
Chic.

Chic.
Chic.

do
pref.
Burl. A Quincv.
Mil. A St. Paul.
do
pref.
A North west., r
do
pref.
A Rock Island.

89
41 %
35
*

Clev. Col. Cin. A Ind.
Clev. A Pittsb., guar.
Col. Chic. A Iud.Cent,
Del. Lack. A West’m.

Dubuque A Sioux C..

Erie, $4

assess, paid.
do
$6 assess, paid.
do prf.,$2 assess.pd
Erie & Pittsburg

58%

4330

43

40%
81%

81%
58%

130%

21
21

96

7%

51 %

June 7.

Loans and discounts...-

June 14.

June 21.

June 28.

$£>8,&32,700j *256.291,000 $255,901,600 $253,575,500
18,996,700
19,077,800

Specie

Circulation
Net deposits
Legal tenders

226,963,300

42.822,8001

Surplus reserve over 25 p.
Range of call loans

5,078,675

c—

18.780,900

20.05d,800
2*7,316,700
44,851,900
6,803,625

2 *,<£<§ 4

Rate of prime paper

19,296,900
20,156,200
226,177,000

19,666,400
20,371,300
226,113,600

43,859,400

46,902,600
10,040.600

6,612,050

2®4
4<$5

3%®*'

2@4

3%@6

3%<a4

Michigan Central....

The transactions in Government bonds

were

smaller in

conse¬

of the influences above referred to, At the close of the
month, however, there were signs of a more active business at
higher prices, and one of the causes for this was found in the
London reports of a bare market there and a growing demand
quence

for United States securities.

Shocks
'*

were

Eailroad bonds and investment

strongly held and the volume of business

CLOSING PRICES OF GOVERNMENT SECURITIES IN JUNE,

June.

6s,
5s, 4%s,
1881, 1881. 1891, 1907, Cur.,

1879.

6s,
5s,
4s,
Gs
4%s,
1881, 1881 1891, 1907, Cur.,
coup. J coup. coup. coup.

1

3
4..
5
6..
7..
8..
9..
10..
11..
12..
13..
14..
15..
16..
17..
18..

1

S.

1..
2..

x06L>

102%

103% 106L>’103

..

107%

107% 103% 106

102%
102%

..

102%

S.

107% 103%

102%

103%

102%

1033,

107%

106
107% 103% 106

S.

1107% 10334 106%

l()27g
L03
103

103%

102%

10334 106% 102%

107% 103%

102%
102%
102%

103%

-

i*07%

103%

j 1 SOS.

105% 102% x23%

1027J

123

S.

123

102%
102%

107% 103%
s.

103%

102%
,

103%

......

Open 107% 10334 x06% 102% x23%
i High 107% 10334 106% 103
123%

102%

Low.

102%

iClos.

1073p 103% 105% 102% 123
107% 10334 106% 102% 123

CLOSING PRICE8 OF CONSOLS AND U. 8. SECURITIES AT LONDON IN JUNE.

%

4%s

5s of
4s of
of
1881. 1891. 1907.

June.

.

976,6*
975.6
97i%c
97716
97716

§*1a

o

97

,6

973,6
973,6

I

105%
105 %J

97%

105
105
105

97%
97%

97%6

‘

105% 108% 105
1053, 108% 105
105% 108% 105
105% 108% 104%
105% 108% *03%
Opening...
105% 108% 104

Highest..

8.

97% 6* 105%
973,6 105%

108

104

105% 10S%:104
Lx coupon.




.

103 78
104

8.
105% 108% 104%
105% 108% 104%
1053, 108% 104%
106
1OS30 10430

975,0 106% 108%‘l04%
9711,6 106%
..

..

8.

10878jl04%

9711,6 106% 108%! 104%

97% 6*1105% 108% 105%
^105%
9711,6 lO6%jlOS70

v03%
Lowest,
971516 105% 108
Closing.... 97i%6 106% 108 78 >04%

Highest

...
....

997,6
95%

33%

55

55

26%

29%

48
80

54
80

26%

51%

98%

48%

17%
40%
159

85%

6%

13

*35.

8

79

13%
9
87

42%
9%

Union Pacific
United New Jersey..
Wabash

72%

75%

70%

56

109% 110
105%
105% 106% 101

33%

92%
45%

x32 %

do
Standard Cons.
Various.
Canton

pref.

Min’g

Del. A Hudson Canal
N. Y. Life A Trust Co

Prices bid.

12%
21

29%
30%
17%
45%

75%

25

25

"

25

76%
62%

x73%
61
45

78%
25%

x75%

92

x86%

93

x90%

40%
*2%

40
2

119% xll77e
183
J129
X163

100

xl00%
13%

4%
15

39%
72%
42 78
82

114%
110
50

3

2

121%xll8%
196
1131%
171

*xl64

15%

13%

39

36

149%
110% x*09%
100

tl9%
127%
28%

18%
23%

28%

15

13%

41%

38

23 '

19%
>73%

74

79

3778

142%
35%

68 %

64

9

11%

41
*80

35%

114%

80
x91

* xl07 %

105

48

t23
33
*138

20
36
10
142

18

18%

28%
17%
46%
10%
11%
23%

7%

*101

105% xlOl
18
8 -

x46%
48% *x46%
46%
99
100% *97
23
38
10

42%

8

til

144

28%
28%
17%

45%
9%
11%
22

x70%

142% >142
38
36%
69%
407s

65
37

80

116

x93

10778 105%
49% x*46%
47
48%
100% 100
33%
22

39% x*37
14% *13
155'

*150

150

6%
6%
38%

8

39%

*7
*39

1770

*14%

34%

t32%

31

46

.....

x

74%
11%

11%

29%

45%

159

41%

15

*100

14
36
29

13%

Pacific Mail
Pullman Palace Car..
Sutro Tunnel Co
*

*40
*14
*37

20

22%
44%

56

33%

*6%

26

11%

x73%
51%

78%

>164

12%

23
32 34
10

52

59

16%

26

97

52%

50

4

22

100

27%

30

11

9%
103,
71%
140%
32%

97%
6%
58%

10%

105%

14%

33%

52%

88%

ioi

40

33%

53%
97%
7%
60%
57%
28%

3
54

139
108

18%
20%
20%

115%
54%
54%
93%
93%
67% x66%
98% x96
140% 140%

88%
3%

15%
13%
40%
39%
35%
150
148% 146
112% 1112% xl08%

8%

tll5

45
3

823,
18%

200
166

Maryland Coal
Pennsylvania Coal... * 133
Spring Mountain
Mariposa Land AM.
*6%
Quicksilver Mining..

28%
49%

52%
7%
tl2%
*8%
84%

5

181
160

Telegraph.
American District...
58
58
Atlantic A Pacific....
33
32%
80
Gold A Stock
*80
102 %
Western Union
103
Express.
Adams
: tl06%
x108
American
47
'49%
x45
United States
48

pref.
Min’g.

12%
9%
84%

62%

9"

120%

10%
24%

*139%

930
6%
81%

94%
138%
28%
48
96%
t>%
56%
55%
26%

t59

76%

35%
2%
11730
1430
3734

8

90

3%

593,
13%

53%
3
78%

5

50%

’

"4"

58%

54%

116

*51

*88

50%

114

"

do
pref.
St. L. A S. Francisco.
do
'pref.
do
1st pref.

do
Ontario Silver

27%

92

42%
39

233,
23%
23%
21
23%
19%
42%
45%
40%
xl56
160% T58
8730
87%
85%

72

72%
56%

.

Coal and Mining.
American Coal
Consolidation Coal
Homestake Mining ..

60

60%

3
50
11

59

Pittsb.Ft. W.AC.guar. * 1073,
do
special. *92
RensselTA Saratoga. *101
Rome Wat.A Ogdens.
St. L. Alton A T. H
8
do
pref. t20
St. L. Iron Mt, A So..
20%
do
assented
20%
St. L. Kans. C. A No.
15%

Wells, Fargo & Co—

x96%

8

v

High. J’no 30.

114%

51%

90%
62%
94%
139%

-June.

114

......

.

45%

46

50%

13%

1570

82

85

4%

4%

t Prices asked.

34%
*44

50%
15%

47q

7%
4

38%
14%
36%

7%
39%

*4%
*4%
*38%

16

38%

x29

35

x31%

35
15
45
366

44
15

*15

51%
366

*38%
48%
*365

14%

18%

82

82%

15%
82%

4%

4%

4%

4%

Ex-privilege.

FOREIGN EXCHANGE.

Since Jan. 1

105% 108%|l037e Lowest
*

1

5s of
4s of
of
1881. 1891. 1907.

97%s '105% 108
96i%6 105% 108

S.

977.6
973.6
97%6

4%s

«gg!

June.

8.
Holi dav..

105% 108%
10534 108%
1053, 108%
105% 108%
105% 108%

>>

141

-

-

fair.

was

•

coup. coup. coup. coup. 1898.

95%
55

*53

Mo. Kans. A Texas
14%
Mobile A Ohio
Morris A Essex
863,
Nashv. Chatt. A St. L
N. Jersey Southern..
2%
N. Y. Cent. A Hud. R.
117%
New York Elevated
195
N. Y. N. II. A Hartf’rd *160
Ohio A Mississippi...
1430
do
pref.
38
Panama
xl36

.

6s

4s,

91

64%

44%
x95%
6%
51%

..

INVESTMENT SECURITIES.

51%

58%
89%
130%

8930
44%

85
84
*111
110
118% 116%

108
113%

41%

52
6%

16%
12%

77

77

*108
114

36
55

61
52
10

3%
9%
7%

*2

89%
41%

43%
40%

34%

*4%

*91

93

403,

59

Hannibal A St. Jo
.18
do
pref.
40%
Harlem
*158
Illinois Central
86
Kansas Pacific
Keokuk A Des Moines
do "
pref.
Lake Shore
Louisville A Nashv..
Manhattan
Mar’tta A Cin. 1 st pf
do
2d pf

—May.
x
High. May 31. Low.

Low.
89

Apr.30.

Tndianap. Cin. A Laf
N. Y. CITY B ANK STATEMENTS.

smaller volume of business than

a

any of the three months preceding, but prices were generally
well maintained at the higher range previously established.

Chic.St.P.AMinueap

until the last week in the month, when there was an improve¬
ment of over $3,000,000.
The large amount of money paid
into the Treasury for $10 funding certificates had the effect of

drawing considerably

[Vol. XXIX.

The

exchange market

the month, and some

quite strong till about the 20th of
shipments of specie were made. But
was

July 5,

THE CHRONICLE.

1879.]

Current Liabilities—
Interest due ?md unpaid..
;
Debt on wh ch interest has ceased.
Interest thereon..
Gold and silver certificates
United states notes held for redemption of certificates of deposit.
United Stales notes held for nd<mption of fractional currency...
Called bonds not matured for wh ch4p c. bonds have been issued.
Cash balance available July 1, 1879

towards the close the indications of a new demand in London for
American securities caused a decline in prices.
BANKERS’ STERLING EXCHANGE FOR JUNE, 1879.

60

June.

Demand.

days.

60

June.

4*86
4*86

®4*87

4*86

Range 4*86

!

i

4*88
4*88

®4*87

Companies, Interest

Payable in Lawlul Money.
Intei est

Interest
paid by

1

Amount

repaid by
Outstand’g. United St’s tr’nsp’t’n.

Character of Issue.

®4*89

3)4*89

Central Pacific
Kansas Pacific

® 4*861-2 4*88

34*8812

Union Pacific

®4*8Sk> 4*88

34*90

Central Branch, Union Pacific..
Western Pacific
Sioux City and Pacific...

|

1*89 k>® 4*90

$353,152,577

..

Bonds Issued to cite Pacific Railroad

4*89i4® 4*90
4*86%®4*8712 4*88 =k® 4*89 kj
4*80 %® 4*87 k* 4*8834®4*89k2
4*86 li®4*87
4*88i4®4*89

4*87^®4*88kj 4*89143>4*90
4*87 k2 a)4*8S
1*89 k>® 4*90
4*87kj 2)4*88
4*89k2®4*90
4*87 ks® 4*88
4*89ka®4*90
4*87k2®4*83
l*89k2@4*90

9,875,934
104,072.410
148,473,563

Available Assets—
Cash in ;ho Treasury

8..

4*8734®4*88kj 4*8914® 4*90

30,370.i 00

$353,752,577

4*89i4®4*90
4*89i4®4*90
4*89i4®4*90
4*8914® 4*90

4*8714® 4*88

3..

37,015,630
2,066,763
17,890,650

4*89k2®4*90

4*87k2®4*88
4*8712®4*88
4*87kj®4*88
4*871i®4*88
4*87i4®4*88

S..

4*87^ 5) 4*88 ^ 4*89*43)4*90
4*87 4* @4*88 k* 4*89*i@4*90
4*87%®4*88kl 4*8914 3>4*90
4*87%®4*88kj 4*89143)4*90
4*87 34 @4*88 kj 4*89143)4*90
4*87%®4*88k2 4*89143/4*90

4*87123)4*88

Demand.

days.

$4J97,621

Balance of
Int. paid

by U. S.

$25,SS5,120 $16,463,57 $2,771,419 $13,692,153
2,102,612
6,303,000
4,427,523 2,32 J, 9"27,236,512
17,603,992
7,325,466
10,278,525
73,142
1,014.665
1,600,000
1,117,808
1,126,830
1,970,560
1,136,197
9,367
1,024,651
91,747
932,903
1,628,320
.

$64,623,512 $41,773,745 12,596,053 $29,177,691
The Pacific Railroad bonds are all issued under the

STATEMENT FOR

THE DEBT
The

JUNE, 1879.

July 2, 1864; they

and *10,000; bear
and mature 30 years from their date.

following is the official statement of the public debt as
and Treasurer’s returns at the close of
of June, 1879:

appears from the books
business on the last day

IMPORTS AND EXPORTS FOR MAY.,

Auth’rizing
Act.
i

58 of 1858
6s of 1881

June 14, ’58
Feb.
8, ’61
March 2, ’6 i

6s, Oregon War

July&A.,’61
Marcli 3, ’63
March 3, ’64
5s, 10 40’s
6s, 5-20s of 1867....;.. Marc h 3, ’65
March 3, ’65
6s, 5-20s of 186S
5s. Funded Loan, 1881 July 14, ’70
4%b,
do.
1801 July 14, ’70
4s,
do.
1907 July 14, ’70

Bonds

Outstanding.

Registered.

cn

a statement showing, by customs districts,
the values of merchandise imported into and exported from the

J.
J.
J.
J.
J.
M.
J.
J.

& J.
& J.
& J.
& J.
& J.
& S.*
& J.
& J.

Q.—F.

United States

Coupon.

Q—M.

a

$41*,000

b

14,099,000

.

2H4,938.400

165,91",750
419,280,590

84,089,250
247,7)9,400

132,850,150
56

82,550

?6 *tt.35G

2,851,45u
7,04^,600

.

$
4,3:6,000
945,000
56,-491,200
13,617,2 >0
42,145,800
4.296,1513,056,950
213,5-1.950

c

d
d
d
d
d
d

Q.-J.

nena’n f’d.’^H .Tillv

navv

.......

.

Baltimore, Md
Boston, <fec., Mass
Brazos, Texas
Buffalo Creek, N. Y
Cape Vincent. N. Y
Champlain, N. Y
Charleston, 8. C

c ebt

*

The total current accrued interest

Coupons of $50 and $100 bonds

are

to

New York, N. Y

Debt

on

$1.79-,613,700

There is

a total amount of over-due debt yet outstanding, which has never
presented for payment, of $37,015,630 principal and $2,063,763 interest. Of
amount, $36,2s7,25J is on the “called” five-twenties and consols.

Debt Bearin'*

Character of Issue.

Authorizing Acts.

Old demand notes
Legal-tender notes
Certificates of deposit..
Fractional currency....

July 17, 18 1; Feb. 12. 1F62
Feb. 25, 1862; July 11,1862; Mar. 3, 1863
•lun3 8, 1872
July 17, 1862; Mar. 3, 1853; June 30, 1861

Gold certificates
Silver certificates...

#61.470

15,812,605
;5,413,7« 0
2.45 ,S5.i

.

.

.

.

.

Total debt bearing no interest
Unclaimed Pacific RR. interest

not

Total cash in

Total

to

.

Treasury

14,277

38,283
139,487
4,726,542
83,627
49,554
55,285
85,546
1,916,893
678,610

777

20,899

12,572
2,868
59,651

100,000

117,564
1,022,022

24,995

-

For
the
11 :For the
12
months end¬ 1 months ended May 31. i ed May 31.

*

$53,409,463 $635,042,058 $677,042,675
1,357,131

.

35,223,057

1879.—Exports—Domestic
Foreign

2,027,152,468
$24.788,579; 575

...

Imports
Excess of exports over imports,
Excess of imports over exports

,

13,988,112

1878.—Exports—Domestic
Foreign

....

Total
-

Excess of exports over imports
Excess of imports over exports

401,545,244

449,170,848

$19,543,53; $246,585,624 $241,859,939
(COIN AND BULLION).

.' $2,055,576

Total

$39,792,351

13,088,810

$54,766,594 $648,130,868 $691,030,787

Imports

Imports

”...

1,573
40,374

$51,278,122 $653,951,723 $699,618,933
1,068,725
11,381,224
12,451,912
$52,346,847 $665,335,947 $712,070,845
35,341,698 406,854,661 442,360,949
imports $17,002,149 $258,481,286 $269,709,896

GOLD AND SILVER

4*2,027,2 7 25
.....

May.

Excess of exports over imports
Excess of imports over exports

i 2, .^80,359/ 33
353,l52,5ri 7

....

For the
month of

Total

428,716,965
2,066.76s

«0.37",00
15,94*2,*.05
17,8b0,05i

$2 349,567,43 -

29.169

107,976

imports

Foreign

$346,742,436

date, including interest due

Increase of debt during the past month
Decrease of debt since June 30, 1878

the

1878.— Exports—Domestic

g,e;7

Debt, lees cash in the Treasury, July 1, 1879
Debt, less cash in the Treasury, Jute 1, 1879




.

1,99! ,710,110
3« ,015,630

338,596

Imports
Excess of exports over
Excess of imports over exports

$!10,83*’,741
....

presented for payment

are

1879.—Exports—Domestic
Foreign

Interest.

14.0 0,01

Total interest-bearing debt
Debt on which Int. has ceased since Maturity.
Debt bearing no Interest—
Old dema.id and legal tender notes..
Certificates of deposit
Fractional currency
Gold and silver certificates.

1,987

30,978
732,575
19,941

MERCHANDISE.

$?10,P32,5f0
646.905,5‘.'0
*250,000.000
607,0,9,900
12,k48,21(.

Refunding Certificates at 4 per cent
Navy pension fund at 3 per cent

356

3,650,406
26,115,374

•

Interest-bearing Debt—

43^

5

i

Outstanding, j
’

4,448

320,363
4,923
270,653

Exports and Imports.
Amount

principal and interest,

-

547

8,234
11,686

|$35,344,098 $51,278.122 $1,068,725

8/ 17

Total

1,1S7,8S9

•

(Corrected to June 28, 1879.]

Recapitulation.

Total debt,

8,480
4,102

$410,835,741

Unclaimed Pacific RR. intere-t

9,313
125,940
531,989
319,789
39,505
99,025
684,369
291,213
78,909
126,170
132,137

and exports of the United
States for the month ending May
31, 1879, and for
the eleven and twelve months ending the same, compared with
like data for the corresponding periods of the year immediately
preceding.
Below

3*6,681,016
30,87"/CO

(February 28, 1878

at 6 per cent
at 5 per cent
at
per cent
at 4 per cent

497

..

All other districts

Amount.

Aggregate of debt bearing no interest

Bonds
Bonds
Bonds
Bonds

.

Total

\( arC.h M.

.

85,056
298,793
19,060
53,323
8,432
2,465,598
81,952
.

Wilmington, N. C

Interest.

no

Mexico

Pensacola, Fla
Philadelphia, Pa
Portland, etc., Me
Puget’s Sound, W. Ter
Richmond, Va..
Saluria, Texas
San Francisco, Cal
Savannah, Ga..
Vermont, Vt

104,072,410

12,392

3.746

Passamaquoddy, Me

Wblcli Interest Has Ceased Since Maturity.

-

-s.

Paso del Norte (Tex.)Jt New

been

this

*

Oswegatcliie, N. Y
Oswego, N. Y

paid annually in March.

Actual interest bearing debt

49,866
45,498

564

Niagara, N. Y
Norfolk, &c., Va

trnterest-bearlnr debt
$1,901,716,110
Less amount of called bonds, not matured, for which 4 per cent

.

$5,330

4,822,250
103,277

85,145
58,910
17,225
51,654
1,018
401,481
24,244,458
180,712

Key West, Fla

date is $2 .',81 ),314.

bonds have been issued, and fo- the redemption of which this
amount of cash is on deposit in the various national bank
depositories
;

$4,630,646

3,833,023
67,474
198,271
37,140
165,699
2,728
19,565
25,183
130,826

Minnesota, Minn
Mobile, Ala
New Bedford, Mass
New Orleans, La

Foreign.

$1,006,307
^

Huron, Mich

The sizes or denominations of each issue of bonds are as follows: (a) Coupon,
$1,000; registered ?5,0)J. (6) coupon $1,000; registered $1,000, $5,000, $10,000.
(j?) $50, $100 and $500. (d) coupon, $50. $100, $500 and $1,CKX); registered, same
and also $5,00 > and $10,000.
On the above issues of bonds there is a total of $4,397,621 of interest over-dn e
and not vet called for.

Domestic.

Chicago, Ills

+$1,901,718,110

Exports.

Imports.

Corpus Christi, Texas
Detroit, Mich
Galveston, Texas

$715,208,950
12,848,210
14,000,<00

.

23. ’68

Aggregate of interest bearing

during the month of May, 1879:

Customs Districts.

1,159,658,950

4’e, ref’ng certificates Feb. *2fi, ’29

3s.

following is

|

1674
1880
1-81
1881
1881
1904
1887
1883
1881
1891
19.7

68 of 18S1
6s of 1881

The

Interest
6
Periods. X

When Pay bli

1879.

[Prepared by the Bureau of Statistics,]

Interest-bearin'* debt.

Character of Issue.

July 1, 1862, and

acts of

are registered bonds in the denominations of $1,000, *5,00®
6 per cent interest in currency, payable January 1 and July 1,

$15,014,747 $17,578,371

436,980

6,942,957

$2,492,556

$21,957,704

1,610,673

18,719,261

7,881,561
$25,459,932
20,175,317

$881,883

$3,238,443

$5,284,615

$2,689,248 $24,498,261

$30,047,891

463,835

5,739,636

7,107,774

$3,15-1,083

$30,237,8 a7

$37,155,665

2,285,168
$867,915

28.365.258

29,911,764

$1,872,630

$7,243,901

6

THE CHRONICLE.
TOTAL MERCHANDISE AND SPECIE.

1879.—Exports—Domestic
Foreign
Total

Imports
Excess of exports over imports
Excess of imports over exports

1878.—Exports—Domestic

would rise in value, and

although an improvement did take
place, the arguments in favor of renewed ease remained in
force, and the market has now again relapsed into that
May.
quiet
condition which was expected to characterize it
during the
$53,333,698 $668,966,470 $717,197,304
This week, in fact, there has been a marked
1,505,705
18,327,181
20,333,473 summer months.
$54,839,403 $687,293,651 $737,530,777 tendency towards ease, the best three
months* bills being
36,955,371 425,573,922 462,536,266
taken at 1% per cent, against 1%
$17,884,032 $261,719,729 $274,994,511
per cent a short time back.
Trade is very quiet, and there are but few mercantile
bills in
For the
month of

Exports and Imports.

For

the
11 For
the 12
months end¬ months end¬
ed May 31.
ed May 31.

circulation.

$56,098,711 $659,540,319 $707,090,566

Foreign

1,820,966
18,828,446
21,095,886
$57,919,677 $678,368,765 $728,186,452
37,508,225 429,910,502 479,082,612
imports $20,411,452 $248,458,263 $249,103,840

Total

Imports

[VOL. XXIX.

tinues to

The total of “ other securities ” at the Bank

diminish, and it is

now

con¬

only £19,075,667 against £21,-

233,785 at the commencement of May. Gold also continueato ac¬
cumulate at the Bank, the
supply having risen from £33,678,000
on May 7 to
£34,250,608, while the total reserve during the same

Excess of exports over
Excess of imports over exports

time has been increased from

£19,244,371 to £20,612,648. The pro¬
portion of reserve to liabilities, which was 51*05 per cent early in
May, is now 56*14 per cent; and notwithstanding this improve¬
ment there is every indication that a further increase
of resources
will become apparent.
It has often been said that the sum¬

UNITED STATES TREASURY STATEMENT.
The following statement from the office of the Treasurer for
July 1 was issued this week. It is based upon the actual
returns from Assistant

Treasurers, depositaries and superintend¬
offices :

ents of mints and assay

mer

LIABILITIES, JULY 1.
Fund for redemption of certificates of
deposit, June 8,

money and trade wore concerned, that of 1876. In that year,
as is well known, the
money market assumed an appearance
which could only indicate that the

1872
Post-office Department account

$30,805,000 00

of 1879

was

to characterize in its

main

features,

as

far

as

greatest contraction in busi¬
possible had taken place, and it has been often,
11,374,401 25 quoted that the supply of bullion held by the Bank amounted
Undistributed assets of failed national banks
609,788 15 to
Five per cent fund for redemption of national bank
£35,017,529, and the reserve of notes and coin to £22,246,069,
notes
13,326,572
79
Fund for redemption of national bank
making the proportion of reserve to liabilities on the 20th of
gold notes
221,660 00
Currency and minor-coin redemption account
5,546
22
September, 63 T1 per cent. Trade, at the present time, ex¬
Fractional silver-coin retemption account
467,205 15 hibits some
Interest account
improvement, though it is still greatly wanting in
47,107 00
Interest account, Pacific Railroads and L. & P. Canal
activity,
and
it is regarded therefore as possible that between
Co
3,090 00
Treasurer U. S., agent for paying
the
interest on D, C. bonds.
present time and the end of September the state of the
162,273 65
’Treasurer’s transfer checks
outstanding
7,273,899 54 Bank account will advance to a
Treasurer’s general account—
position of strength similar to
Special fund for redemption of frac¬
that which was attained in 1876. On the 21st of
tional currency
June, 1876,
$8,375,934 00
Interest due and unpaid
the supply of gold was barely £29,500,000, while the reserve of
21,025,377 29
Called bonds and interest
39,082,398 53
notes and coin was £17,474,443.
Coin certificates
The proportion of reserve to
17,880,650 00
Refunding certificates
12,848,210 00
liabilities was 55*73 per cent, and as it is at the
present time
Balance, including bullion fund
287,305,785 72
56*14 per cent, there is now a
larger relative proportion of
386,518,355 54
strength than in 1876. It is to be hoped, however, that
$471,703,695 26
some
ASSETS, JULY 1.
stimulus will be given soon to enterprise of some
'Gold coin and bullion
$135,236,474 62 kind, both commercial and financial. There is
Standard silver dollars
certainly an
28,147,351 00
Silver coin
improvement
in
some
8,903,401
36
nurse
quarters,
but
we
the
fondling
much
-Silver bullion
5,092,565 91 and make the most of it.
•Gold certificates
Politicians, statisticians, bankers
133,880 00
Silver certificates
2,052,470 00 and merchants say that there are all the elements
United States notes
necessary
66,015,969 62 J
U. S. notes (special fund for
to form a good trade, viz., cheap money,
redemption of fractional
cheap food, and ample
currency)
8,375,934 00
National bank notes
t supplies of labor ; but there is one thing wanting—confidence
;
8,137,561 35
National bank gold notes
149,140
00
and,
it
may
be
added,
better
regulated
tariffs.
Fractional currency
Perhaps, also,
116,469 55
a change to settled weather would
Deposits held by national bank depositaries
give
some stimulus to gen¬
201,402,860 97
Deposits held by U. S. designated depositaries
283,030 65 eral enterprise. Of late a
Nickel and minor coin
good deal of rain has fallen, and the
1,541,886 13
New York and San Francisco
farmers
are
exchange
868,500 00
complaining more than usual. It must neverthe¬
One and two-year notes, &c
136 50
less be admitted by the most discontented farmer that six
Redeemed certificates of deposit, June 8,1872
1,450,000 00
102,015 18 weeks ago his crops were very backward, and the
Suarterly
checks and
coin paid
coupons paid
and unclaimed
egisteredinterest
interest
country was
516,417 75
U. S. bonds and interest
apprehensive
would
that
there
be
a very late harvest.
2,443,393
99
This
Interest on District of Columbia bonds
1 50
would have been very unsatisfactory, as a late harvest is
Pacific Railroad interest paid
greatly to
21,035 88
Speaker’s certificates
22,351 00 the disadvantage of the agricultural midland counties, and those
Deficits, unavailable funds
690,848 30
further north. It cannot be said that the weather
during the
$471,703,695 26 last six weeks has not been
forcing. Vegetation has made very
rapid progress, and it is yet possible that the old agricultural
(Emwmc txial
|lcurs proverb that a “ dripping June brings all things in tune” will
KATES OF EXCHANGE AT LONDON AND ON LONDON verify itself. The crop of wheat will not be a large one, but
should July and August be propitious, we shall have a
AT LATEST DATES.
very
•
fair general yield of agricultural produce.
And it must be
EXCHANGE AT LONDON—
June 20.
EXCHANGE ON LONDON.
borne in mind that if, as undoubtedly it is, this weather is
favorable
to roots, grasses and pastures, the
Latest
country is to be
On—
Time.
Rate.
Time.
Rate.
Date.
congratulated, as we can always depend upon an excellent
Amsterdam. Short. 12 034 @12-134
June 19 Short.
12-03
supply of wheat from abroad at a moderate price, while
Amsterdam. 3 mos. 12 314 @123^
Disbursing officers’ balances
Fund for redemption of notes of national
banks “ failed,”
“in liquidation,” and “reducing circulation”

2,645,350 77

18,243,445 20

ness

which

was

meat

is

much

•

HXatuctarij=

Antwerp

English

25*42 Js®25*47
Short. 2525 @25’35
3 mos. 25-40 @25*45
20-57 @20-61
Frankfort...
20-56 @20-60
a
Hamburg
20-56 @20-60
Bt.PetersbTg
23^4® 23 3s
a
Vienna
11-8212 5)11-8712
a
Madrid
46 7s S’47
it
•Cadiz
47 @4714
Genoa
27-95 @2800
a
Naples
27*95 @°8"00
a
Milan .'.
27-95
@28-00
Eisbon
90 days
51 %@52
60 days
Bombay
Is. 77sd.
....

Paris
Paris
Berlin

June 19 Short.
June 19 Cheq’s

25-28
25*26

June
June
June
June
June
June

20-45
20-45
20-45

a

a

...

a

19
19
19
17
19
17

Short.
44
44

3

mos.
•

4

44

23Hie
116-20
47-85

a

June 19 3

....

Calcutta....

New York...

Alexandria^.
Constan’ple..
Hong Kong

.

Shanghai

44

Is.

....

....

....

our own

some were of




June 19
June
June
J"nc
June
June
June

iJune

....

(From

Although

77sd.

....

mos.
a

...

a

20 6 mos.
44
20
20 60 days
17 3 mos.
44
17
19 6 mos.
44
19

27-50
07.^0

27-50
Is.
Is.

8516d.
8»16d.

4-88
97ig
109-56
3s. lli4d.
5s. 234d.

correspondent.]

London, Saturday, June 21, 1879.
opinion a few weeks ago.that money

more

difficult

to

obtain.

Large crops
of vast importance to us, as they
enable the graziers to send their animals to market in sounder
and heavier condition. Undoubtedly, the weather will now be
the great regulating power, but it must be admitted that it
\ presents by no means a settled
appearance.
The demand for money during the week has been
decidedly
quieter, and the rates of discount are easier at the following
quotations :
of roots and grasses are

Per cent.
Bank rate

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

2

1J4@
1!4S>

..

Open-market rates—

Per cent.
4 months’ bank bills
l^Sd^a
6 months’ bank bills
1^@1'78
4 & 6 months’ trade bills. 2 @212

..

The rates of interest allowed by the joint-stock banks and
discount houses for deposits are subjoined :
Joint-stock banks
:..
Discount houses at call
do
with 7 and 14 days’ notice of w ithdrawal
-

Annexed is

Bank of

a

CHRONICLE

THE

■July 5, lb?9.j
statement showing

the present position of the

England, the Bank rate of discount, the price of con¬

English wheat, the price of
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House Return, compared with the

sols, the average quotation for

three

previous

years:
1879.

1878.

1877.

1876.

£

£

£

Circulation, including
£
bank post bills
28,938.713

27,460.304 27,663,325 27,300.710
7,576,209
7,470,884
8,133,581
8,532,991
28,834,514 21,405,815 21,888,742 22,524,303

Public deposits
Other

deposits

14,611,341

15,214,859
18,444,770

Governm’t securities. 14,678,635
Other securities
19,075,667
Res’ve of notes & coin 20,612,648
Coin and bullion in

16,207,691
18,765,934
11,825,690

14,209,534 17,474,443

both departments.. 34,250,608
Proportion of reserve

23,918,235

26,615,824 29,480,613

x97*4

441*
2*2 p. c.
x95*2

46*93
55*73
3 p. c.
2 p. c.
94OlSg

51s. 4d.
678(1.

47s. lOd.
6146.

to

56*14

liabilities

2 p. c.

Bank rate
Consols

Eng. wheat,

price.

av.

Mid. Upland cotton...
No. 40 mule twist:

16,901,002

64s. Id.
61id.

47s. lid.
6316d.

lOd.
lid.
9^d.
lOd.
Clearing-Housereturnl04,696,000 120,392,000 106,134,000 95,095,000

demand for gold for export
during the week, and the supply of bullion held by the Bank
scarcely

There has been

any

continues therefore to accumulate.

In the silver market there

appears that the number of insolvencies under the act of
which steadily increased from 5,002 in 1870, had reached

1869,.
9,533

rapidly to 11,450 in 1878. It is again
compositions in which a consider¬
able percentage of the liabilities is realized, continues to ■
decrease, and thus a very unfavorable comparison is made with ^
the position of affairs prior to the passing of the present act.
The reason for this is said to be that the majority of creditors >
at a meeting is frequently represented by an agent, who has ;
obtained the requisite number of proxies in order to secure for
himself the profits to be derived from winding up an estate
for which the debtor could offer a good composition. But the *
agent refuses any offered settlement, because if he wrere to
accept it, he would lose considerable. The bad character of
many insolvencies is shown by the fact that nearly one-half of '
the compounding debtors paid compositions not exceeding
2s. 6d., and probably not averaging Is. 6d., in the pound.
The
chief increase this year has been in the number of insolvents,.
who, without any reference to the state of trade, have found
means to get rid of their debts, practically by payment of cer¬
tain professional charges. The total losses, after allowing for all assets, amount to about £25,000,000, a somewhat heavy tax
on consumers, as it does not include the losses from Scotch or *
Irish insolvencies, joint stock companies, deceased insolvents,

in

1877,

rose

still

more

.

noticed that the’ number of

decidedly less buoyancy. The future is still involved
uncertainty, it being possible that Germany may again
be tempted to sell; hence, numerous realizations have taken
place, and there has been a decline in fine bars from 52%d. to or the multitude of small cases which are not dealt with under
52d. per ounce. Mexican dollars have been as high as 52%d., but the present bankruptcy law. Two radical defects in the present
have since declined to 52d. The following prices of bullion are system are pointed out—viz., the heavy and unnecessary nature •
of the law costs and the risks connected with professional trus¬
from Messrs. Pixley & Abell’s circular :
8.
d.
8.
GOLD
d.
tees. The chief danger of the latter is due to the trustees too *
Bar gold, fine
per oz. standard. 77 9 ®
commonly constituting themselves bankers, and employing for
Bar gold, refinable
per oz. standard. 77 10*2®
their own benefit so much of the funds in their custody as will?'
Spanish doubloons
per oz. 73 9 ®
South American doubloons
per oz. 73 8*2®
not be required for some time.
So long as the amount of a-,
United States gold coin
peroz. 76 3^®
German gold coin
peroz. 76 3*4®
trustee’s
business
continues,
it
is
to know how his •
impossible
silver.
d.
d.
Bar silver, fine
affairs stand; he may go on from year to year making pay¬
per oz. standard, nearest. 52
®
Bar silver, contain’g 5 gi’S. gold
peroz. standard. 523s ®
ments on account of older matters from funds received on
Mexican dollars
peroz. 52
®
Chilian dollars
per oz., last price. 52H ®
account of new, while, if he were called upon to produce the
Quicksilver, £6.
Discount, 3 per cent.
funds for which he is accountable, he could not respond.
The following are the current rates of discount at the prin¬
The weather is still unsettled, but the trade for wheat is very
cipal foreign markets : '
quiet, and there has been no material change in prices. Good
Bank
Bank
Open
Open
rate.
market.
market.
dry English wheat is scarce and commands full terms; and
rate.
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
there is a steady inquiry for the better sorts of foreign prod¬
4*2
418®438
2
Ii4®lie Vienna & Trieste
Paris
has been
in

some

...

...

...

..;

Brussels
Amsterdam..
Berlin

Hamburg
Frankfort

...

...

...

...

Tiftipzig
Genoa~
Geneva

...

...

...

3
3
3
3

1^®!%
3q®3i2
2^®23i
214®212
214®212
212®234

4
3

3
3

2

3*2

St. Petersburg

..

5

4

® 4*2

4
5

4
5

®5
®6

uce.

Madrid, Cadiz &
Barcelona
Lisbon & Oporto
New York
Calcutta
....

Copenhagen

•

•

•

312®5

•

®412

..

4

®412

weekly sale of India Council Bills was held at the Bank of
England on Wednesday, and tenders on all Presidencies at Is.
The

8d. the rupee received about 78 per cent, and above in full.
The second series of wool sales for the year commenced on
the 6th May and terminated on Friday. The quantity cata¬

May and the five months

May were issued on Monday. The declared value
exports in the month has been £16,520,490, against
£16,165,075 in 1878 and £17,461,139 in 1877, The total for the
five months is £74,242,953, against £79,568,762 in 1878 and'
£79,928,471 in 1877. The declared value of our imports in the
month was £27,667,653, against £31,028,768 in 1878 and £34,647,682 in 1877; and in the five months £144,872,943, against
£160,986,751 in 1878 and £165,638,033 in 1877.
The following figures relate to the five months ended 31st
May:
of

7
4

The Board of Trade returns for

ended 31st
our

logued comprised Sydney and Queensland, 66,288 bales; Vic¬
toria, 90,182 ; South Australia, 37,290 ; Swan River, 6,651 ; Tas¬
IMPORTS.
mania, 8,560 ; New Zealand, 68,701 ; Cape, 29,423 ; total 307,095
1877.
1878.
1879.
bales. Messrs. Hoare and Hudson report: “ Of this quantity
cwt.
6,698,258
7,664,133
7,287,375
about 16,000 bales were withdrawn, a portion of which, how¬ Cotton
EXPORTS.
ever, was re-offered or sold by private contract, and it is esti¬
cwt.
639,343
523,682
708,408
mated that altogether about 30,000 bales are held over for Cotton
Cotton yarn
-lb.
90,206,700^ 101,403,700
94,963,800
sales.
series
with
a
large
attendance
of
August
The
opened
Cotton niece goods
yards.l,562,820,700 1,511,799,500 1,450,922,500
tons.
895,123
916,705
1,019,000
buyers from all parts and with a firm tone. March closing Iron and steel
yarn
8,249,623
8,428,800
7,639,200
lb.
prices are easily obtained for all merino qualities, with the Linen
Linen piece goods
yards.
80,774,656
78,239,350
73,434,400
exception of heavy, greasy Adelaides, which were %>d. to Id. Jute manufactures
yards. .47,438,710
47,201,100
61,076,500per lb. lower. Cross-breds met with keen competition, at %d. to Silk manufactures
....£
669,445
761,898
717,491*
Id. per lb. advance. Until 27th of May, when there was an in¬ British wool
lb.
2,256,600
2,145.578
2,985,600'
64,933,682
65,413,997
96,827,300
terval of five days for Whitsuntide holidays, the market re¬ Colonial and foreign wool.lb.
12,029,500
yarn
:....lb.
9,810,100
11,657,400
mained remarkably steady, the only material variation being in Woolen
Woolen cloths
16,023,200
16,928,100
16,298,400
yards.
the lower qualities of cross-breds, which declined %d. to Id. per Worsted stuffsyards.
89,382,500
90,811,900
78,828;7002,421,000
2,485,300
3,202,000
lb. Purchases were made freely for home, German and Belgium Blankets & blanketing..yds.
Flannels
2,972,400
2,714,600
3,472,000
yards.
consumption, but the French buyers acted somewhat cautiously. Carpets
yards.
2,589,700
2,515,300
4,749,000
On the 3d June buyers were more numerous and prices very
The following were the quantities of cotton manufactured
firm, and with an improved demand from France a livelier tone
was evinced.
As the sales progressed there was a gradual and piece goods exported in May, compared with the correspond¬
general improvement, and, compared with the first portion of ing period in the two preceding years:
,

merino Australian sorts, particularly good combing
flocks, advanced %d. to Id. per lb., in some cases more, and

the series, all

cross-breds eventually sold freely at opening rates.
Cape scoured and fleeces also advanced to the extent of Id. to
l/6d. per lb. from the lowest point. Superfine Australian flocks,
although still seriously depressed, compared with last year’s
high level, may be quoted slightly dearer than last FebruaryMarch series, and all lambs also were in better demand at some¬
what higher prices. It is estimated that 185,000 bales were
taken for export. The third series will probably commence in
the first or second week in August, the present arrivals being:
Sydney and Queensland, 54,293 bales; Victoria, 66,051 ; South
Australia, 14,956; Swan River, 770; Tasmania, 12,615 ; New
.Zealand, 60,371 ; Cape, 26,546r-total, 235,602 bales.
Prom the annual report of the Comptroller in Bankruptcy it
greasy




1877.
Yards.

Germany

..

5,312,900

1878.
Yards.

5,939,800

1879L
Yards.

5,805,400"

4,985,400
4,916,600

Holland
France

4,204,800
5,341,200

3,645,700

Portugal, Azores & Madeira.
Italy...
Austrian Territories

6,453,600
4,898,200

6,383,500
5,545,100

4,655,900
4,979,300

10,134 900
8,304,300
3,736,500
4,582,300

23,945,800
5,499,800
2,454,000
2,494,700

18,868,800
8,011,300
1,649,600
2,288,700

4,583,000

5,034,800

Greece

Turkey
Egypt
West Coast of Africa
Uuited States

Foreign West
Mexico

United

n....

.v....

indies

885,300
1,538,600

3,015,400

States of Colombia

(New Granada)
Brazil

Uruguay

8,339,400

5,939,000
748,100
2,512,100

1,469,000

3,935,000

15,808,900

14,053,000

1,478,800

1,368,800

1,486,500
2,612,400

7,384,100
1,140,700

5,203,000>

13,458,10O>.

1,142,G00&

8

THE CHRONICLE.
1877.

Argentine Republic...

5,133,400
4,019,100
3,749,700
45,514,600

Chill
Peru

China and Hong Kong

Japan

2,057,200

Java

Philippine Islands

13,476,300
....

5,576,000
2,378,300
3,119,700

t

Gibraltar
Malta
British North America
British West India Islands <fc
Guiana
British Possessions in South
Africa
British Iudia

'1879.
Yards.

4,504,400
2.332,700

3,455,500
3,074,800

4,142,100
28,942,200
2,430,700
3,958,400
3,072,400
2,042,500

37,870,200
5,503.300
8,007,000

1,716,600

2,135,300
965,600

3,990,300

3.021,600

5,263,600

1,140,800

1,413,700

2,362,300

Straits Settlements..

17,065,600
2,712,800
58.379,300
6,200,700

81,362,400
9,023,700
2,106,200
9,458,200

.......

Ceylon
Australia
Other countries

23,752,900

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

22,118,300

21,654,200

226,537,300
97,792,400

183,173,000

87,901,400

220,023,400
82,644,200

892,400

632,300

1,063,800

271,706,700

303,731,400

predominating
Total

2,400,000
12,900,200

325,222,100

Other manufactures of cotton show

as

1,061,303

1877-8.

1,405,767
102,173
83,901
15,897
12,933

com

49,117
84,761
18,471
18,958
206,524
70,245

404,576
112,142

117,900
78,033
1,040,267

1,170,020

76,336

84,203

75,007

4,871,042

4,110,178

4,191,025

1875-6.

728,374
44,791
84,438
21,990
26,348
423,789

751,961
22,776
306,081
34,297
7,816
39,659
20,611

38,934

The

following statement show3 the extent of our imports of
wheat and flour into the United
Kingdom since harvest, viz.,
from September to May inclusive,
together with the countries
whence those

supplies

derived.

were

WHEAT.

1878-79.
From
Cwt.
Rusvsia
7,062,860
United States20,659,050
Brit. N. America 1,760,126

Germany

1376-77.

Cwt.

Cwt.

61,103

598,755
1,119,552

482,085
3,651,824
912,226

:35,262,519

42,652,515

29,589,677

192,885

Germany

1877-73.

Cwt.

1876-77.

Cwt.

Cwt.

1,207,630
827,533

France
United States
Brit. N. America
Other countries..

Total

Annexed is

696,874
264,111
3,919,682

39,410,464

-

1878-79.
From

Some official correspondence on the silver
question has just
been laid before- Parliament.
The following is a letter from
the Assistant Under Secretary of State for

Cwt.

7,218,524
16,102,255
2,144,052
3,824,812
1,003,630
710,793
1,492,013
2,317,100
1,923,272
2,674,013

978,007

182,596

356,968

British India....
Other countries..

1875-76.

6,244,314
12,701,426
995,505
2,281,247
165,978
787,232
1,297,470
3,037,038
1,001,638

Egypt

Total

1877-78.

5,935,594
22,625,490
2,813,602
5,145,110

3,337,627
9,692
201,072
156,817

France

Chili
Turkov & Rouufa

1879.

80,142
71,254

1876-7.

1,403,020

FLOUR.

1878.

74,394

..

Oats
Peas
Beans
Indian
Flour

follows:

1377.
92,663

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

cwt.

Barley

22,422,900
2,360,900
76,915,100
7,332,900
1,717,600
9,192,900

1878-0.

Wheat

2,838.800

1,159,200
1,893,900
613,300

16,021,200
2,974,100

Madras

Bengal

EXPORTS.

958,600

-

Bombay

3

1878.
Yards.

Yards.

[Vot. XXIX,

1875-76.
Cwt.

202,153

2,557,143
256,933

1,601,784

841,907
1,476,464
1,440.202
146,897

1,855,436

1,350,282

1,906,942
198,146
956,753

6,631,609

6,704,780

5,255,752

4,855,055

721,741

1,072,463

return

showing the estimated value of the cereal
produce imported into the United Kingdom since harvest, viz.,
Foreign Affairs, from September to May inclusive:

dated June 5 :—
I ara directed by the
Marquis of Salisbury to state to you, for
the information of Viscount
Cranbrook, that His Lordship has
received a despatch from Her
Majesty’s Ambassador at Berlin

to the effect that the announcement in the Berlin
papers that
the German Government have at last found out
that they are
themselves the losers by their sales of
silver, and have, in con¬
sequence, decided to suspend them, is true. The amount of
silver for sale on hand at the
present moment is estimated at
200 million of marks, or 10 million of
pounds sterling, a sum
which will increase
during the suspension of the sales. Lord
Odo Russell adds, it is generally
believed by financial men in

Germany that the German
duce

Government

are

.....

on

the

country without seeing a single silver
florin pass from hand to hand, and I am told
that, as in Scot¬
land, where many persons prefer the
greasy one-pound note to
the sovereign, the Austrian
public prefers the paper to the

2,696,791
445,552
414,343
6,618,822
5,299,700

4,564,730

3,903,405

£36,332,457

£49,607,274

£38,345,104

£39,834,334

silver florin.

ended June 14, the sales of
home-grown
wheat in the 150
principal markets of England and Wales

of

Money and Stock Market.—The bullion in the Bank
England has increased £143,000 during the week.
Sat.
Mon.
Tues.
June 28. June 30. July 1.

Silver, per oz

d. 51**16

Consols for money

971*16
97**16

.

.106*4
.10S%
.10458
28^8

U. S.

.

Pliilat

kingdom they

were

.

51%

517s

97**16
97**16

97**16
97**16

106*4

106*4

108%

109

104%
28%

104%
28%
90%

90

90%

20

395s
20*4

Sat.
d.

168,190

Mon.
s.
d.
23 0
8 4
7 5
9 2
9
5
8 10
9 4
4 2
3 11

s.

quarters, against 92,000 quarters in 1878. Since harvest the Flour (ex. State) $ bbl.. 23 0
Wheat,spr’g.No.2,1001b. 8 4
sales in the 150 principal markets have been
7 5
2,229,760 quar¬
Spring, No. 3...
Winter, West.,n.
9 2
ters, against 1,712,222 quarters, while in the whole
kingdom
Southern, new
9 5
it is computed that they have been
Av. Cal. white..
8 10
8,919,000 quarters, against
California club.
9 4
6,857,000 quarters in the^corresponding period of last season.
Corn,mix,sft,old,33cent’l 4 2
Without reckoning the supplies furnished
3 11%
Prime, new
ex-granary at the
commencement of the season, it is estimated that the
Liverpool Provisions Market.—
following
Sat.
Mon.
quantities of wheat and flour have been placed upon the British
d.
8.
“

“

“

.

“

“

produce

Total
Deduct
exports
wheat and flour

1377-8.

1876-7.

1875-6.

7,063,116

45,560,552
6,952,22»

33,076.285
5,540,840

42,765,850
3,182,079

38.610,200

29,713,200

31,513,000

32,272,200

83,300,401

82,225,980

70,130,125

80,220,129

of

1,517,909

1.47G.174

767.303

772,572

81,831,492

81,749,806

69,362,317

79,447,557

51s. Id.

52s. 5d.

4Gs. lid.

Av’ge price of English
season.

40s. 6d.

i-’

iv
!■;?

jrv3s«.*'

The

following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.
from the 1st of September to the close of last
week, compared
with the
corresponding period in the three

previous

years :

IMPORTS.

'H
,

1379-9.

■»

iii

■ill

Wheat

Barley

cwt.37,685,033

Oats

Peas..,..
1

Short clear

“ ..27

Beef, pr. mess. $ tierce.76
Lard, prime West.cwt.32
Cheese, Am. ch.new “ 35

Beans
Indian com
Flour

(1



9.0’1.183
8,947.510

1,333,759

1877-8.

1376-7.

45,560,552
11,301,846

1875-6.

33,076,235

42,763,850

9,441.160

1.284,209

1,409,061
2,562,430

26.706.519
7,065,166

27,353,313
6,9.32.228

11,291,480
8,017,311
1,096.012
3.812,832
27,376.153
3.510.810

7,340.916

8,951,236
1,200.161
3,040.427

20,661,293
5,182,079

52

52%

97*%6

98*16

106*4
109*8
104%
91

0
6
0
0
3
0

46
26
27
76
32

34

Tues.

Wed.

46
26
27
76
32
34

s.

40*4

20*4

on

Wed.

46
26
27
76
32

34

cotton.
Thurs.
■8.
d.
23 0
8 5
7 5
9 2
9 5
8 10
9 4
4 2
3 11

d.
0
5
5
2
5

23
8
7
9
9
8 10
9 4
4 2
3 11

s.

'

104%
28%
91%

40%
20%

Tues.
s.
d.
23 0
8 5
7 5
9 2
9 5
8 10
9 4
4 2
3 11

d.
0
6
0
0
6
0

106*4
108%

28%

....

8.

Fri.

97*&i6 98*16

39%
.

Thurs.

Fri.
.

.

.

.

.

.

.

.

.

Thurs.
s.
d.

d.
0
6
0
0
6
0

46
26
27
76
32

34

0
6
0
0
6
0

Fri.
,

.

,

,

....

....

....

....

London Petroleum Market.—
Sat.
d.
PetTeum, ref. $ gal... Tv
Pet’ieiuu, spirits “
Tv
..

Result
wheat for the

Pork, West. mess. .^9 bbl.46
Bacon, long clear,ewt. .26

187S-9.

home-grown

d.
0
6
0
0
3
0

8.

markets since harvest:

.

Wed.

July 2. July 3. July 4.

Liverpool Cottm Market.—See special report
Liverpool Breadstuff's Market.—

amounted to 44,546 quarters,
against 22,994 quarters last year;
and it is computed that in the whole

of

6,751,237

Enslish Market Reports—Per Cable.

Pennsylvania

During the week

Sales

3,232,508
429,827
1,332,432
7,931,622

The

.

Imports of flour

1875-76.

£21.294,880
2,945,605
3,200,751
520,601
1,217,855

London

The sudden re-appearance of silver as a
the ordinary transactions of life has been circulating medium in
very striking to those
who have spent years in the

Imports of wlieat.cwt.37,635.035

1876-77.

£17,110,216
4,243,769

corn..

Total

1877-78.

£25,845,003
4,793,878
3,157,019
562,143
972,599
8,151,031
6,126,601

daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
preparing to intro¬ the following summary:

adopt the “ double standard,” as in France.
Sir Henry Elliot, writing to the
Marquis of Salisbury
23d April, said :—
ana

1878-79.
£17,375,461
3,531,735

Wheat
Bariev
Oats
Peas
Beans
Indian
Flour

a

Mon.
d.
..

..

6*4®
..

Tb

Tues.

Wed.
d.
6*4®63g 6%^r
d.

..

.

7

Tv7%

--

®

Thurs.
d.
..

..

Fri.
d.

@
cb

Tb

(Commercial amlJlXisccllaucaxts items.
Imports and. Exports for

week,

the

Week.—The imports of last

compared with those of the preceding week, show
in both dry goods and general merchandise.
The total imports were $5,319,994, against $4,479,943 the
pre¬
ceding week and $6,172,576 two weeks previous. The exports
for the week ended July 1 amounted to $6,273,083,
against
$6,836,094 last week and $6,315,753 the previous week. The
following are the imports at New York for the week ending
(for dry goods) June 26 and for the week ending .(for general
an

increase

merchandise) June 27:

July

YORK FOR THE WEEK.

FOREIGN IMPORTS AT NEW

12788—76S.tr.

7,394,252

3,256,530

$3,220,740
153,498,947 162,964,647

i 13,977,512

General mdse...

Tot. s’ce Jan.

$720,932

$326,488

$302,114
2,684,434

Dry Goods

1879.

1878.

1877.

1876.

$3,486,543

Total week
Prev. reported..

$5,319,994
148,222,639

1« !9,369,588

1..$156,985,495 $171,185,337 $143.317,100 $153,542,633

specie) from the port of New York to foreign ports for the
week ending July 1:
$6,674,504
reported.. 120,290,599

For the week....

Tot. s’ce Jan.

1..$126.965,103 $133,945,535 $171,397,075 $158,253,368

Retired under Act of January

comparison of the total since January 1, 1879, with the
corresponding totals for several previous years:
London

Am. silv. bars.

$50,000

Paris

Am. silv. bars.

25,000

28—Str. Ailsa

Savanilla

Am. silv. bars.

3,418

28—Str.

Liverpool

Am. silv. bars.

1,600

City of Berlin

Legal-Tender Notes Deposited to
Retire National Bank Circula¬

Circulat’n
issued s’ce
June
20,
1874.

States and
Territories.

317,000
72,997
159,097
234,800
32.350

16,574,065

2,128,598
151,660
1,095,311

..

($9,208,002 silver, and $1,926,619 gold).$11,134,681

Delaware

Same time in—
1874
$28,942,782
1873
28,204,646
1872
39,262.456
1871
46,441,084

$8,601,356

1877;....

20,282.681

1975

30,022,112
52,165.429

The imports of
been as follows:

Same time in—
187.0..... $18,185,566
1869
15,541,446
1868
51,350,825

1867

26.553,723

specie at this port for the same periods have

23—Str. Niagara
25—Str. Acapulco

$13,565

Am. silver
Am. gold
Foreign gold...
Am. gold
Am. silver
Foreign silver.

Nassau
Havana
Aspinwall

391

326
950
1,800
425
1,443
200

Silver bars
Am. gold
Gold dust

820

Am. silver

C. of R.de Jan’ro.Para

13,053

Foreign silver.
Foreign gold...

Total for the week ($60,428

4,000
2,677

26,142

Am. silver

Cape Hayti

Domingo

silver, and $5,364 gold)

$65,792
..

5,344,181

Tot. since Jan. 1, ’79 ($4,733,297 silver, and $076,686 gold). .$5,409,973
Same time inSame time in—
Same time in1878
$7,232,251
$2,501,784 1870
$12,927,437 1874
9,671,486
1877
7,379,061 1873
2,738,782 1869....:
1876
755,540 1868
3,971,151
2,176,914 1872
1875
7,371.021 1871
1,589,049
3.219,930 1867

National Bank Notes.—From the
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past:
U. S. Legal Tenders

and

April 30.

Bonds for circulation deposited. .$12,036,450
Bonds for circulation withdrawn. 10,982,300
Total held for circulation
352,250,550
Bonds held as security for deposits 14,252,400

13,952,400

14,446,500

Legal-Tender Notes.—
Deposited in Treasury under act
of June 20,1874
Total now on deposit,

including

standing
National Bank Circulation—
New circulation issued
Circulation retired
Total notes Outstanding-

663,190

202,905

259,650

13,356,239

12,963,142

12,135,698

35,318,084

35,318,984

35,318,984
£

346,681.016 346,681,016 346,681,016
1,290,019
897.019

2,957,650
939,016

1,428,480
1,277,094

Currency. 327,678,910 328,072,811 328,224,197
Gold......
1,466,600
1,467,500
1,466,000
Notesrec’vd for redem’n from—

4,771,000
3,028,000

New York
Boston

448,000

Philadelphia
Miscellaneous

1,940,000

8,100,000
3,100,000
-500,000
3,900,000

5,594,000
3,653,000
565,000
3,411,000

$10,187,000 $15,600,000 $13,223,000

?

The

following is a statement of the Comptroller of the Cur¬
rency, showing the issue and retirement of national bank notes
and legal tender notes, under the Acts of June 20, 1874, and
January 14, 1875, to July 1, 1879:
National Bank Notes—

Outstanding when Act of June 20,1874,

was
Issued from June 20, 1874, to Jan. 14, 1875
Redeemed and retired between same dates...
.

Increase from June 20,1874, to

passed
$349,891,182
$4,734,500
2,767,232

January 14,1875.

Outstanding January 14,1875

Redeem'd and retired from Jan. 14,'75, to date $75,939,581
Surrended between same dates
11,231,502
Total redeemed and surrendered
Issued between same dates

January 14,1875, to date

$351,861,450

N’rtli Carolina
S’tli Carolina.

Georgia

Mississippi..
Louisiana

1,238,630
116,100
135,000
3,44(5,540
444,800
569,260
2,110,880
2,776,980
1,708,885
1,368,090

....

Arkansas

Kentucky.
Tennessee
Missouri
Ohio
Indiana
Illinois

....

Michigan
Wisconsin

bank notes.

slorado
Sevada

"

575,867
235,901

998,510
1,483,319
1,085,297

1,566,634
364,500
626,860
743,669
385,095
781,721
45,000

452,220

Utah

39,600
99,000
54,000
270,000

Montana

Washington

..

....

$
265,832
614527
49,250
189,010
105,490
18,526
1,824,254
328,145
1,039,194

1,001,060

94,500

94,500

688
426

2,099,250 2,745,000
239,340
229,340
135,000
135,000
1,378,033 1,953,900
769,760
533,859
3,589,410 4,587,920
2,921,922 4,405,241
5,464,483 6,549,780
6,260,596 7,827,230
2,011,495 .2,375,995
878,439 1,505,299
1,554,955 2,298,624
1,226,445 1,611,540
972,271
190,550
233,080
188,080

292,070
3,705
4,113
314,710
90,742
837,265
1,156,871
1,841,844

1,122,785
953,380
725,400

942,974

395,766
380,269
434,240

190,124
293,651
16,084
2,278
34,950
23,075
7,285

'

284,483
357,991

149,400
196,800
45,000

135,083
161,191
23,300

82,931
43,431
328,299
137,680
247,840
43,585
108,074

1,742,070
835,164
1,788,879

1,575,470
427,500
880,510
270,000
994,585
953,380
437,675

"

'

'

68,300

3,813,675

Legal tenders

Totals

68,268,330 16,754,478 70,274,358

*

$23,637,253

$3,813,675

$90,842,511

TONS.

ARTICLES.

ARTICLES.

Timber
Staves
Wood....

Ashes, pot and p’rl

♦Ashes, leached
♦Pork
♦Cheese

*Lard, tallow, and
lard oil
♦Wool
Hides
♦Flour

Wheat.....

Rye
Corn
♦Corn meal

414

516
2,594

1.327

128
11
2

217

3,425
2,436
3,136

1,294

Barley
Barley malt
Oats
Bran
and
ship
stuffs
Peas and beans...
Potatoes
♦Dried fruit
♦Cotton

1
481

Bloom & bar iron.

254

24

47
612

4,186

3,222

'

Foreign salt

—..

Sugar....
Molasses

'Coffee

Nails, spikes, and
horse slioes
r.

.....

Iron and steel
Railroad iron

725

....

Flint, enamel,
crockery, glass¬

8,756
8
201
739
414

ware

All other mdse....

Anthracite coal...
Bituminous coal..
Iron

ore

Petr’leum

or

363

2

2,3o4
136

210
286
304

329

15

1,570

98

325

1,369

3,935

5,712
203

6,358
127

25,558
4,643
7,572

37,848

4,357

4,651

8,797

10,373

earth

fined
Sundries
Total tons

in the

173

318
26

oil, crude and re¬

♦Uinnanuf. tob—
♦Hemp
♦Clover and grass
seed

894

1,323

and

lime,
clay
Gypsum
Stone,

1

94
91
357

ware

♦Domestic w’lens.
♦Domestic cottons
Domestic salt

13,
12
8
18
73
114
173
16,151 10,359

13,608

Pig iron

Castings and iron

223

li

2 54
11
13

♦Oil meal & cake..
♦Leather.
Furniture
♦Bar and pig lead.

Tolls
Total miles boats
tons.
226,266 205,095
cleaved
Boards& scantling 41,696 41,382

Shingles

1878.

Description.

1879.
$24,439 $18,432
1878.

11
♦Domestic spirits.
*
Articles marked thus are

87,028,836

.'

645,750
10,000

45,000

Nebraska

*

"287,725

111,600

Kansas

I

'

166,600
407,664
908,369
731,060
128,200

1,272,400
881,400

....

$

"

351,180

....

Iowa

Dakota
California

.

.

Texas

$

917,000
600,000
128,797
55,800
952,340 1,111,437
6,084,500 6,319,300
735,385
767,735
1,249,490 1,314,840
18,445,150 20,573,748
1,407,030 1,558,690
6,057,986» 7,153,297

65.350

♦Flax seed

$328,224,197

Greenbacks—
On deposit in the Treasury June 20, 1874, to retire notes
of insolvent and liquidating banks
Deposited from June 20,1874, to date, to retire national




1,967,268

$87,171,083
63,533,830

Outststanding at date

Total deposits

Virginia
Virginia

West

Description.

Total entered under act of Jan. 14,
1875
Total amount of greenbacks out-

Decrease from

....

Treasurer
at date.

90,842,511112,135,698
Deposited prior to June 20,1874. and remaining at that date.
Canal Tolls and Business.—Mr. Gr. W. Schuyler, the Canal
May 31.
June 30.
Auditor, furnishes the following comparative statement, showing
$27,728,900 $8,732,100
26,557,150
7,899,800 the total quantity (in tons) of each article cleared on the canals
353,422,300 354,254,600 from June 8 to June 14, inclusive, 1878 and 1879:

security

for National Bank's—

Total

....

Dist. Columbia

Minnesota

Previously reported ($4,672,859 silver, and $671,322 gold)

liquidating banks

8,226,230
173,275
666,810
455,000
584,500
51,670
1.082,660
45,700
388,030
45,000
207,000

.......

Santiago

as

1,641,865

Florida
Alabama

June.

U. S. Bonds held

Maryland

Deposits.

$

$

on

with U. 8.
Total

under Act
of J’ne 20,

Liquidat iug Banks 1874.

1,416,180
N. Hampshire
504,865
Vermont
1,624,610
Massachusetts 14,122,655
Rhode Island.
727,110
Connecticut
2,239,540

ders

deposit

retire
Circulat’n

To

of Notes of

..

Tot. since Jan. 1/79
Same time in-

St.

Redempt’n

Maine

New Jersey...
Pennsylvania

Legal Ten¬

tion since June 20, 1874.

Additional

New York

23—Str.

346,681,016

Treasury to retire National Bank circulation, from June 20,1874,
to July 1, 1879, and amount remaining on deposit at latter date.

($80,018 silver, and
gold)
$80,018
Previously reported ($9,128,044 silver, and $1,926,619 gold) 11,054,663

Total for the week

$35,318,984

14, 1875

Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, the
amount of Legal-Tender notes deposited in the United States

The following will sliowr the exports of specie from the port
of New York for the wreek ending June 28, 1879, and also a

June.
26—Str. Gellert

$12,135,698

Outstanding at date

$7,107,529
$6,273,083
164,239,546 151,930,285

$1,439,242
129,506,293

$78,706,813

On deposit at date

1879.

1878.

1877.

by Treasurer between same dates,

WEEK.

EXPORTS FROM NEW YORK FOR THE

1876.

Circulation redeemed
without re-issue

$1,024,600
4,295,394

In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of

Prev.

9

JHE CHRONICLE.

5,1879.]

1,325
-

140,424 158,133

Free List.”

mining companies is called to
McDowell, Engineer of Mines.
Mr. McDowell is a graduate of the School of Mines and has had
large' experience in California and the West, having placed
machinery in, and located, some of the most celebrated mines.
—The agency of the Connecticut Mutual Life Insurance Co.
in New York is now at No. 1 Wall street, comer Broadway.
Mr. Philip S. Miller is the general agent here, and the strength
and character of the company, and absence of juggling in lta
management, commends it to parties seeking insurance.
Attention of capitalists and
the advertisement of Mr. F. H.

10

THE

CHRONICLE.

llxc jgattlimy (Qaarttc
No National Banks
organized
The

during the past

United States

week.

announced:

Company.

Per

When

Cent.

Payable.

Books Closed.

(Days inclusive.)

Railroads.

Attleboro’ Branch
Camden &

3*2 July

Connecticut River

4*2 July

Burlington Co
Cayuga & Susquehanna

3
4

Housatonic pref. (quar.)
Louisville & Nashville
Lowell & Andover
Norwich & Worcester
Paterson & Hudson
Paterson <fc Ramapo
Pittsfield & North Adams
Portland Saco & Portsmouth
Providence & Worcester

$2

2*2
3*2 July

July
July
July
2*2 On "dem.

Long Island (Brooklyn)
& Merchants’

Mechanics’ <fc Traders’ National..
Murray Hill

Insurance.

Franklin & Emporium Fire

Kings County Fire (Brooklyn)
<fc Traders’

Mercantile Fire
Pacific Fire

Ridgewood (Brooklyn)

Star Fire
United States Fire

Uloney

July

1.

July

1.

3*2 July

7.
1.

THURSDAY,
Market

and

virtually closes

*

On
On
On
On

July
July

6s, 1880-1..cp.

6s,5-20s,’67.cp.
6s,5-20s,’68.cp.

was

*122
*122
123
*122

JULY 3, 1819-3 t». M.

July
3.

July
4.

101% 101%

*122

*122

*122
*122-

*122*4

*122

*123

H22

x04%July

;
;
;
*

>>
c3
•p-»

O
H4

*122
*122
*122

*122%

*123

as

Amount July 1,1879.

Registered.

1 107% June 23

21 108

amount
were

Coupon.

$203,311,900 $79,424,450
2,851,450
7,046,600
96,279,350

264,938,400
165,910,750

4,296,150

13,056,950
42,145,800

243,501,950

84,089,250

419,280,500 *247,749,400
64,623,512

of

Refunding Certificates

Closing prices of securities in London for three weeks
past and
the range since Jan.
1, 1879, were as follows:

Situation.—The

for business

2.

made at the Board.

1 107*2 Jan. 15
May 21
1 103*2 May 21
4 128
May 31
*
This amount does not include
$12,845,210
outstanding on July 1.

dem.

Financial

*122

122*2 *122

Highest.

4*28, 1891..cp. 104 Mch.
4s, 1907
cp. x99
Apr.
6s, cur’ncy.reg. 119*2 Jan.

O11 dem.

July

1.

*102% x01%

5s, 10-40s... cp.
58, 1881
cp. x03*2 May

7.
3.

July

Jan. 1,1879.

Lowest.

June June
20.
27.

July
3.

Range since
Lowest.

U. S. 5s of 1381
U. S. 4*28 of 1891
U. S. 4s of 1907

Jan. 1,1879.

Highest.

105*2 106*8 106*4 x05*4 Apr. 25
109% Jan. *4
108
108% 108% 106*2 Mch. 24 110
103% 104% 104% 101 Mch. 26 105*2 May 2
May 22
State and Railroad
Bonds.—Louisiana
State
bonds
have
been quite active at

The first of
ment

30.

January 1, 1879, and the
outstanding July 1, 1879,
18

Range since

purposes at 3 P. M.,
to-day, (Thursday). The Stock
Cotton
Exchange,
Produce Exchange will be
Exchange, and
closed on
Saturday as well as Friday,
and the
opportunity is thus happily seized to
give to the business
public three consecutive
holidays at the opening of the “heated
term.”

stringency in

This is the price
bid; no sale

•

O11” dem.

On

1880..

follows:

dem.
dem.
dem.
dem.

June

*104*8 HOI *8 *104% 104*4
*107*8 *107% *x04*8 *104*8 *104%
*104% *104%: 104% 104% *104*8
104*2
*107% *107%' x04% 104% *104*2
103% 10334 *x02*2 *102*2
*102%
Q.-Feb. 103% 10334 103%
*103% *103%
reg. Q.-Mar. 106*8 *106
106
*106
*106
coup. Q.-Mar. 106% *106*8
*106*8 106*8 106*8
reg. Q.-Jan.
102
102
101% 101% 101%

The range in
prices since
of each class of
bonds

July
O11 "dem.

5
5
10
5
5
10
5
6
5

Hoffman Fire..

The

July
July

1.
1.
1.

5

Hanover Fire

present week

1.

July

7

German-Americau

Importers’

2*2 July

6
4
2 *2
3
6

New York County
Ninth National
Sixth National
West Side

Firemen’s

1.
1.
1.

3

has

.-..reg. J. & J.
coup. J. & J.
reg. J. & J.
J. & J.
reg. Q.-Feb.

.....

1.

3
5

1880..

1881..
1881..
5s, 1881..
5s, 1881..
4*2S, 1891
4*2S, 1891
4s, 1907..
4s, 1907..
coup. Q.-Jan.
6s, cur’cy, 1895..reg. J. & J. 102%
*122
6s, cur’cy, 1896..reg. J. & J. *122
6s, cur’cy, 1897..reg. J. & J.
6s, cur’cy, 1898.. reg. J. & J. *122*4
6s, cur’cy, 1899.. reg. J. & J. *122*2

1.
2.

3*2 July

Banks.

6s,
6s,
6s,
6s,

1.
9.
3.
3.
1.

July
July
3*2 July
2*2 July
$3 July
2*2 July

Fifth National
First National

Manufacturers’.

1.
1.
15. July 8 to July 15.

5
4

Ware River

Interest June
Periods.
28.

1.

On dem.

July
July

Bonds.—There

been quite an activedemand for government bonds
this week, but
mostly from small
purchasers, so that the volume of business is not
further has been heard of
heavy. Nothing
any large transaction for London
account.
Washington dispatches report that
cates to the amount of
refunding certifi¬
$28,050,000 have been received
in Wash¬
ington to date, for conversion into 4
per cent bonds.
Closing prices at the N. Y. Board have been as
follows:

DIVIDENDS.
following dividends have recently been
Name of

[Voi.. XXIX.

July period has been passed without
money, and the enormous settlements forany real

bonds to be made this
govern¬
varying prices. The adoption by the con¬
month will
probably
effected stitutional convention of an article
be
without disturbance, so that
on the first of
that the principal
August the financial of the outstanding bonds shall be providing
horizon will be clear of
allowed to remain intact, is
threatening
clouds, and our money mar¬ certainly an unexpected
ket (unless
present indications shall belie
triumph, although the interest is scaled
themselves) will be down to 3 per cent for the first 15
glutted with an abundance of funds which
years, and 4 per cent after¬
has seldom been ward.
equalled.. The greater confidence in
every direction and the
Railroad
bonds have been
difficulty of purchasing first-class securities at
steady, and holders have been occu¬
prices
which pied in collecting their
enable the buyer to realize
July
6 per cent on his
coupons. The Erie bonds, which are
induce many capitalists to
money, will surely dealt in heavily on
engage in mercantile ventures and in active, and Presidentspeculation, have been stronger and quite
Jewett gives to a
mining, railroad, and other industrial
newspaper interviewer a
enterprises.
most favorable account of
Our local
the
money market has been a little firm in
company’s
affairs, which
assist
of the
the
consequence
placing of the new bonds at 5 per cent to take may
temporary withdrawal of funds for interest and
old
7
up the
dividend
per cent issue of $2,174,000
payments, but the outside rate on stock
maturing Sept. 1, 18/9.
collaterals has been 5@6
The following
per cent, while 3£@4$ per cent has
securities, seldom sold at public
been an
sale, were
ordinary fate, and on
government collaterals
2\@3 per cent. Prime paper is little disposed of at auc ion:

changed and
to run.

sells at 3 £@5 per
cent,

The Bank

according to the

Shares.

of

RR.

England statement to-day shows
£143,000 for the week, and the reserve
is 55£ per
ties, against 57f per cent the
previous week.
remains at 2 per cent.
The last statement of
the New York
City

issued June 28, showed

an

above their 25
per cent

increase

of

an

increase of

cent of liabili¬
The discount rate

Clearing-House banks,

$3,428,550

in the

legal reserve, the whole of such
being $10,040,600, against $6,612,050
the previous week
The

following

table shows the

1879.
June 28.

Loans and dis.

Specie

Circulation

..

Net deposits

20.371,300 Inc.

City of New York,
Liabilities.

on

from the previous week
1878.

June 29.

16.311,900

215,100

19,934,200
205,965,600
53,996,300

March 15.

4,423,400

Circulation

17,200

Due banks
Due depositors

Unpaid dividends
Totals

'

Resources.

Loans and discounts
Stocks, bonds and mtgs....

Due from banks
Real estate
Cash items and
bank notes.
:

Legal tenders
Overdrafts
Totals




3,196,800
27.095,600
79.600

June 14.

4,669,600
17,100

4,619,200
28,736,900
60,900

$46,783,400 $49,928,-900
$32,758,800 $33,824,400
3,786,900
2,691,200
1.579.500

17,453,000
15,643,200

226,483,200
60,359,500

4,546,800
2.898.200
1.618.200

Changes.

Dec. $145,600
Inc.
246,600
Dec.
100
Inc. 1,422,400
Inc. 1,641,700
Dec.
18,700
Inc

.$3,145,500

Inc .$1,065,600
Inc.
759,900

4,450,600
14,700

1,382,400

5,464,500
17,400

Inc.
207,000
Inc.
38,700
Inc.
8,800
Inc.
48.900
Inc. 1,013,900
Inc.
2,700

$46,783,400

$49,928,900

Inc.$3,145,500

168,200

1.333.500

177,000

(Texas)

.

30 Meek. & Trad. Fire
Ins.. 171 *2
12 Jefferson Ins
139
10 Manhattan
Gaslight Co.. 163*2
3 Manhattan
Gaslight Co.. 167
56 Metro.
10 Ocean Gaslight Co.126©126*4
Navigation and
Pier Co.

12*2

3 TerreH. &
Indianap.RR. 93*2
14 New York Rubber Co
....101*2
159 Metro.

Gaslight Co. 127^126*2

200 United New
Jersey Rail¬
road &. Canal Co
(Coney Island
142
Pier) $100 each
151
Bonds.
$6,400 Metro. Gaslight scrip.103*4 I
$1,000 Third Av.RR. 7s, coup,
j; 1,600 Nassau Gaslight
scrip. 85*2 I s
bonds, due 1890
101*4

Closing prices of leading State bonds

the range since Jan. 1,
1879, have been
J une
27.

States.

1877.
June 30.

State banks of

June 14, 1879:

$11,970,800 $11,825,200

Net profits

Specie

Differ’nces fr’m
previous week.

226,113,600 Dec.
63,400
46,902,600 Inc. 3,043,200

.

ri'l

Capital

changes

excess
excess

$253,575,500 Dec.$2,326,100
$232,720,200 $251,655,600
19,666,400 Inc.
369,500

Legal tenders.

the

2 U. S. Life Ins. Co
118
16 International & Gt. No.

time it has

July
3.

for two weeks
past, and

as

follows:

Range since
Lowest.

Jan. 1, 1879.

Highest.

Ixni<Kin.na consols
48*4 *47*2 38 34 June 2 69
Missouri 6s, ’89 or ’90...,
Jan.
0
*108*4 *x05*2 103% Mch. 5 107%
North Carolina 6s, old
June 10
*25 38 *25
18
Feb.
8 257s June 14
Tennessee 6s, old
*33*4 *33
34
Apr. 26 42
Feb. 13
Virginia 6s, consol
*78
*78
73 34 June 20 73%: June 20
7lo
do
2d series.
*38*2
41 34 Apr. 29 44
Mch. 28
District of Columbia 3-65s..
86 34 *87% 79*2 Jan.
3
88% May 23
This is the price bid; no sale was
made at the Board.
Railroad, and Miscellaneous
.

*

Stocks.—The stock market
great activity, and prices have been variable.
To¬
day the market showed rather a weaker
the
tendency
at
first
board, and prices of both the trunk 1 ines and
Western stocks
lias shown

declined;
was

Louis
been

no

a

good

portion

recovered
before
&
Kansas

City

of
this
decline, however,
close
of
the
day.
St.
which
preferred,
has

the
-

lately
exceptionally strong, and
per cent. Louisville & Nashville was
in consequence of the
higher,
dividend just declared. Lake Shore
and
Michigan Central have both declined sime they sold
and the exhibit for tlie first
ex-dividend,
half of
a

leading speculation,

advanced about

was

this year,
although better
than in 1878, was not
very encouraging.
The last six months of
the year is, of
course, a much better time for
heavy traffic.
The report that Pacific Mail
had made a new contract with
the
Pacific Railroads is denied. Pullman
Palace Car stock is

quoted

Joly 5,

THE

1879.]

CHRONICLE.

to-day at 83£ bid, 90 asked. Mr. Jay Gould is reported as booked
for Europe. Union Pacific is strong at 76£. Western Union Tel
closed at 92$ ; the new American Union Tel. Co. has made an
alliance with the Dominion line of Canada.
The daily highest and lowest orices have been
Saturday, Monday,
June 28.

Tuesday,

June 30.

July

Canada South.
Cent, of N. J.. 52
52%
Chic. & Alton. 84
84
Chic. Bur. & Q. ♦114% 15
Chic.M.& St.P. 58% 54;
do

pref

92% 93
65% 66

pref.

96

Chic. &N. W.
do

1.

57

57

51*f»

52%

84
110

Clev.&P.,guar

N.Y.C.&H.R.

*

47%
58%
27%
52%

27%
52
20%

do
do

pref.

1st prf.
Sutro Tunnel.
Union Pacific..
Wabash
West. Un. Tel.

70%

73% 73
74% 74

2$
90%

o

W

14% 15
89% 89
118% 118
13% 14
15% 15%

14%
16%

•w* 'm

118% 118%
13% 14%
15% 15%
110

110%

27

27

43%
9%

17
4
9

**

11%

11

28

im

4%
76%
35%

4%
4% 4%
70% 76% 70%
35*1 30
35% 30

92%

93

was

92%

made at the Board,

pref.

Chic. Rock lsl.& Pac.
Clev. Col. Cin. & Ind.
Clev. & Pittsb.,guar.

Col. Chic.& Ind. Cent
Del. & Hudson Canal
Del. Lack. & Western
Erie

do

pref

Hannibal & St. Jo
do
do pref.
Illinois Central
Kansas Pacific.
Lake Shore
...

Michigan Central....
Missouri Kan. & Tex.
Morris & Essex
N. Y. Cent, & Hud.R.
Ohio & Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. & Chic..
St. L.I. Mt. & South.
St. L. K. C. & North.
do
pref.
St. L. & S. Francisco,
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific

Wabash
Western Union Tel..

Lowest.

234

45*4 Jan.
33% Jan.

18,580

884
75
Mch.
535 Illi8 Jan.
66,820
34% Jan.
74 % Jan.
7,075

38,020
49%
6,000
7678
1,205 119
34%
5,680
81%
1,410
775

5

3,652
48,000
25,713
2.350

38
43

•

June 28
“

5,750

5.350
2,730
1,120
25,235
6,400
16,006
4,478

34

July
“

“

“

1
2
3
4

Jan.
Jan.
Jan.

Jan.

67
Jan.
73% Jan.
5% Jan.

75% Jan.
112

Mch.
7% Jan.
5,005
103s Jan.
12,455
123
Jan.
60 101
Jan.
13
Jan.
0,160
7
Jan.
34,407
50,460
25% Jan.

1,830
3,130

3*8 Jan.
4% Jan.

350

934 Jan.
23q Jan.
57% Jan.
17% Mch.
x91 June

10,931
4,660
0,850
9,211

St.

C.&N.pf

Paul.

4,520

3,850
10,530
6,790
11,300

10,005

34,350

18,050
8,370

Jan.
Jan.

79^4 Mch.
9*8 Jan.

529

St. L. K.

18.425

30

Jan.

21% Jan.
37% Jan.
13% Jan.

Total sales of the week in
-

Jan.
Jan.

Highest.
Mch.
June
Jan.
Feb.

15
16

4

June
June
June
June

547s
9358
67 7s
98%

1,000
2,500
8,280
4,300
2,500

6,350
6,020
19,150

....Holi dav

38

45%
45%

28

13%
66%

19

99% 114%

23
16
16

27%; 5478

85

55V

were as

North¬ Central Del. L.
of N. J. & West.
west.

2.700

High.

4
64
84%
3
32%' 55%
3
12 5934! 79%
8 141
May 23 083s 122
2 55
May 21 23 j 38%
2
98% May
6 63% 85
4
9
6%
Apr. 29
2%
2 5138 June 2 3438 59 %
2
60^ June 2 41
61 %
4 29 % May
7 % 22%
5
o
54
May 5 21% 38
4 23% May 23
10
16%
10 4512 May 23 215g 41%
26 90
July 2 723s 87
21
60
4
Apr. 30
12%
6 76% June 13
715q
2
90% Jan. 27 53% 75
4 18% May 15
2
7%
3 93
June 10 673s 89
24 121% June 14 103% 115
4
1658 May 10
6% 11%
13
18% June 6 12% 23 %
2 150
131
May 20 112
4 11212 May 21
85
102
2 301q May 23
5
1558
2
175s June 30
3%
75a
2
465a July 3 19
26%
8
1138 Apr. 21
1%
4%
21
13% Apr. 21
1%
5%
23
28% Apr. 19
5% 11%
16
5
4% Mch. 17
3%
31
81
Feb. 19 61% 73
13 395s May 21 12% 23 78
24 116
June 11 75% 102

leading stocks

4.700

1878.
Low.

3
63%
2 54%
3 88
7 122%

10,150
19,200
4,850
11,300

2,500

..3dwkJ’ne.

88,801

22,697
142,906
69,750
33,2o2
138,863
465,272

189,235

4,006,306
1,961,237
825,083
1,038.876
2,070,226

follows.
Erie.

1,000
4,025

147,914

4,184,383
2,167,050
794,230
901,553

2,142,717

143,255

559,940

18,743
44,014
51,864
103,731
124,837

656,242

672,103
559,288

1,851,031
1,175,649

1,366,914
1,196,515

754,991
732,839

6,452,344

845,593
730,140

5,872,678

1,332,547 1,286.014

5,351,653

9,396

4,171,766

238.149

67,968
49,884
24,246
58,131
24,289
33,215
81,769
17,443

1,883,426
1,473,228

215,648
1,814,658
1,459,691

74,370

1,879,620

71,061

465,025
247,581
116,777
131.149
212,537
557,251

April and May figures in 1879 are estimated.
Exchange. —Foreign exchange has lately

466,587
238,379

89,981
149,759
320,359
591,870

2,115,230

shown rather

Lake
Shore.

11,028

10,600
4,700
2,620

4,035
4,125

6,065

1,250

July 3.

*60

Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial

Documentary commercial
Pads

4.85

Hamburg (reichmarks)
Frankfort (reichmarks)

95
95
95
95

Bremen (reichmarks)
Berlin (reichmarks)

following

Sovereigns
Napoleons

.1

@
@
@

95 %

@

95 %

@
@

—

—

3
4
4
@15
@15
@
@
@

4 73
3 93

Span’h Doubloons. 15 55

90

78
00
80
65

Mex. Doubloons.. 15 50
1 13%@ 1 15
Fine silver bam
Fine gold bars....
par.@%prem.
..

—
—

5.17%@5.15
5.17%@5.15

5.16%@5.14%
40%@ 40*3
95%@ 95%

95%
95%

95%@
95%@
95 %@

are quotations in gold for various coins:
Dimes & % dimes. — 98%@
$4 86 @$4 89
3 85

X X Reichmarks.
X Guilders

4.88 @4.881*
4.87%@4.88

—

@5.17%
5.20 @5.17%
5.18%@5.16%
40%@ 40%

Antwerp (francs)

Demand.

@4.85%
@

5.20

Swiss (francs)
Amsterdam (guilders)

The

days.

4.86 @4.86%
4.85%@4.86
—

(francs")

—

Silver %s and %s. — 99 %@ —
Five francs....... —93 @ —
Mexican dollars.. — 90%@ —
English silver .... 4 75 @4
Prus. silv. thalers. — 68 @ —
Trade dollars
—
98 %@ —
New silver dollars — 99 %@ —

Boston

95%
95%
95%

99%
par.
95

92
80
70

99%
par.

Hank*.—The following are the toials of the Boston
banks for a series of weeks past:
1879.

Loans.
S

Specie. L. Tenders. Deposits. Circulation. Agg. Clear.

S
$
$
S
$
to.
135,745,900
3,‘35,900
5,419,700
60,968,600 25.61>,600
46,764,831
27.
3,822,500
136,790,600
5,230,200
63,747,200 25,500,100
43,763.114
3.
5,127.900
139,979,500
3,927,500
64,796,800 25,486,600
41,600,628
10. 139,691,100
3.816,200
4,720,20*1
61,190,100 25,566,800
47,534,405
17. 144,980,010
3,708,300
4,4.6,500
69,770,300 25,545,800
47,i 30,361
24.
143,799,200
3,645,700
4,273,300
68,215,9:0 25,481,100
45,334,580
3. 141,969,200
3,625,700
4,324,300
70,326,700 25,399,-00
46,349,291
10.
141,623,709
3,664,500
4,6.50,500
67,028.300 25,613,100
48,733,621
17. 141,308,300
3,649,900
4,750, ‘*00
65,677,100 25.562,001
45,739,465
24.
140,442,800
3,620,800
4,713,6.10
64,050,100 25,445,500
46,907,569
31.
140.033,100
3,644.000
4,591,000
63,435,100 25,438,200
39,857.020
00
3,646,200
4,294,700
Apr. 7. rH £ 8
64,221,500 25,827,890
44,676,942
14.
-138,300,400
3,684,700
3,895,800
Apr.
63,3?l,OCO 26.014,200
47.207,392
3.483,700
3,65%800
Apr. 21. 137,469,400
62,993,000 2<>,215,(‘00
51,936,677
Apr. 28. 134,192, <00
3,627,700
3,827,800
60,252,400 26, 30,200
47,978,840
60,023,900 26,299,600
50.505.511
May 5. 133,22^,500 3,600,100 3,863,000
4,194,300 *42,865,800 26,228.800
3,583,700
May 12. 132,953,200
50,552,1 i7
3,589,200 *44,103,900 26,218,400
May 19. 130,296,000
3,556,100
48,456,247
3,577,700
3,165,800 *44,101,2 0 2 >,369,200
May •46. 130.331,800
46,516,810
June 2. 129.489,000
3,563,400
3.886,700 *43,895,000 26,437,800
44,<>33,227
June 9.
3,948,500
129,973,501
4,168,200 *44,391,200 26,569,000
51,329,031
June 16.
130.510,500
3,559,400
4,165.501 *43,997,000 26,704,100
49,413,570
June 23.
3,557,700
130,963.600
4,118,400 *43,006.400 26.675,100
45,176,053
*
June 30.
130,583.300
3,547,400
4,433,500
14.795,3C0 26 578.300
47.775,068
*
Other than Government and banks, less Clearing-House checks.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar
Mar.
Mar.
Mar.

Philadelphia Banks.—The totals of the
are as

1

a

pros¬

pect of a return movement of our securities to London. Bankers'
prime sterling bills are quoted to-day on actual business about
4.86 for 60 days, and 4.88 for demand.
The quotations for foreign exchange are as follows :

Range for

Prices since Jan. 1,1879.

472,537

drooping tendency, which is attributed in large part to the

93

Total sales this week, and the range in prices for 1978 and
since Jan. 1, 1879, were as follows:
Sales of
Week.
Shares.

68,682

376,691

5,197
3,746

8,940
8t-L. Iron Mt. &S.3dwk J’ne.
88,826
St. L. K. C. & No
3d wk J’ne.
48,855
St.L. & Southeast, lstwk J’ne
22,091
St. Paul&S. City. May
55,414
Scioto Valley
25,578
May
Sioux City* St.P. May
* 30,170
Southern Minn... May
50,140
Tol.Peoria & War. 3d wk J’ne.
26,915

4%

w

do

..

St.L.A.&T.H.(brs)3d wkj’ne.

70

93

92% 93

Pennsylvania

*

These are the prices bid and asked; no sale
t Sales were also made ex div. at 73%@74.

do

53,604
116,971
139,524

18,631

5,498
113,509
135,518
2d wk J’ne.
3,574
68,693
92,450
.May
2,708,695 2,503,442 13,023,249 12,071,738
May
264,409 238,024 1,142.540 1,042,628

Phila. & Erie
Phila. & Reading.May

Wabash

11}

22

35*1 Sll

Chicago & Northw...

96,925

..

....

...

(Iowa)..May

19,569
106,619
30,459
147,833
70,097
23,791
165,551
433,190
127,569
19,363

Pad. & Memphis..
a

Chicago & Alton.....

Gal. Har. &S. An.March
Gal. Houst. & H. .May
Grand Trunk. Wk.end. J’ne 21
Gr’t Western. Wk.end. J’ne 20
Hannibal* St. Jo. 3d wk J’ne.
Houst. & Tex. G\.May
Illinois Cen.(Ill.)..May

Pad.&Elizabetht. 1st wk J’ne

!2

Chic. Burl.& Quincy.
Chic. Mil. &St. P
do
do pref.

Dubuque&S.City.3u wk J’ne.

Nashv.Ch.&St.L.May.......
*N.Y.L. Erie & W.May
1,358,000 1,172,961

50

Canada Southern....
Central of N. J

5j6b() 4,256)003

do

47%
58%
28%
52%

Pitts.F.W.& C. *08% 109

do
pref.
St.L. & S.Fran.

.—Latest earnings reported.—. <- -Jan. 1 to latest date.Week or Mo.
1879.
1878
1879.
1878.
Chic. & East. Ill..3d wk J’ne. $19,076
$12,455
$
Chic. Mil. & 8t. P. June
709,000
636,476 4,03
Chie.& NorthwestMay
1,434,960 1,471,545 5,568,840 5,986,064
Chic. St. P.&Min.3dwk J’ne.
21,174
14,292
483,234
406,163
Clev. Mt. V. & D. .2d wk J’ne.
8,128
7,149
164,356
163,712
Dakota Soutliern. April
17,164
19,777
71,742

Int.&Gt. North..3d wk J’ne.
Kansas Pacific
3d wk J’ne.
Mo. Kans. & Tex..3d wk J’ne.
Mobile & Ohio... .May

88

Ohio & Miss... 14%
Pacific Mail.... 15%
Panama
*148
27
16

84

42

18% 118%

St.L &I.M.assn
St. L. K.C.&N.

4.

138%

97% 97
*6%
6
48
58-%

Del. & H.Canal 47%
Del.Lack.& W. 58
Erie
27%
do pref
51%
Han. & St. Jo.
20%
do
42
pref.
Illinois Cent... 88 '
Kansas Pacific 56
Lake Shore.... +70
Mich. Central..
Mo. Kans. & T.
Mor. & Essex.. 90

July

116%
50% 53
90% 92
04
05%
94% 90
*

Chic. R. I. & P. 139% 139*
Clev. C. C. &I. 50*| 52

Col.Chic.& I.C.

Friday,

51% 51%

93*4 93%
65*4

90

follows:

Wednes., Thursd’y,
July 2.
July 3.

84*|
116*| 110*4
54
54*|
84*4

as

11

Philadelphia baoks

follows:

Loans.
Lawful Money.
Deposits. Circulation. Agg. Clear,
I
1879.
$
$
$
*
Jan. 20.
15,401,781
57,613,699
45,520,021 11,340,673
33,644.739
The total
number of shares
27.
of5
25
.
2
.1
stoclt outstanding
15,688,053 1
45,26'i,816
57,614.478
29,942,353
is given in 3
the Jan.
Feb. 3.
15,950,850
45,686,154 11,310,790
57,138,021
30,748,f62
last line for the
Total.
50,460 66,820 38,920 18,580 48,000 25,713 25,235
Whole stock. 120,000 154,042 149,888 175,400 524,000 771,077 494,665
..

purpose

of comparison.
and the totals from Jan. 1 to latest
The statement includes the gross earn¬

The latest railroad earnings

dates

given below.
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
are

tioned in the second column.

-—Latest earnings reported.—, .—Jan. 1 to latest date.->
Week or Mo.
1879.
1878.
1879.
1878.
Ala. Gt.Southem. March
$33,152 $28,743 $100,187
$98,633
Atch.Top. & S. F.3d wkj’ne. 102,500
55,000 2,668,974 1,441,496
Atl.&Gt. West...April
327,790
281,654
Atlantic Miss.&0.May
130,979
125,208
613,239
641,716
Bur. C. Rap. &N..3d wk J’ne.
26,651
24,519
622,951
763,809
Burl.&Mo.R.inN. April
154,154
146,362
562,289
498,737
Cairo&8t.Louis..2d wk J’ne.
4,300
4,001
98,423
98,424
Central Pacific.. .May
1,541,000 1,590,880 6,404,129 6,440,253
Chicago & Alton.. 3d wk J’ne. 119,886
87,486 2,079,809 1,013,746
Chic. Burl. & Q...April
1,018,755 1,118,736




4,177,968

4,245,185

Feb. 10.
Feb. 17.
Feb. 24.
Mar. 3.
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.

Apr.
Apr.
Apr.
Apr.

7.
14.
21.
21.

May 5.
May 12.
May 19.
May 26.

50,741,634
56,992,785
57,012.193
57,600,832

58,486,555
58,506,715

16,549,118
15,914,566
15,754,299
15,947,786
15,949,655
15,859,150

46,028,633
46,336,572

15,360,1:66

45,763,4'8

f.9,006,342

14,890,99*

59,994,059
60.554.971
60,548.117
60,122,582
60.174.972

13,701,732
14,022,748
14,516,885

45,256.362
45,111,747

59.914,320

15,353,563

60,160,886

16,PS,678
15,919,569
15.934,439
15,790,7o7
15,883,014
15,311,615
15,790.131

58,268.234

June 2.
Jane 9.
June 16.
Jui c 23.

60.915,891
61 429,856
61.917,078
62,036, St 2
61,8 0,186

Ju:.e30.

61,740,307

14.369,637

14,918,989

*

45,273,025
44,946,027
44,576,403
45,378,745

46,552.535

47,238,852
47,044,599
47,626,368
47,786,056
49,143,4 0
49,633,284
49,941,603
50,33092
50.721,250
49.713. <33

50,309,722

v

11.309.856
11,306,127
11,338,4*4
11,321,223
11,347,059
11,355,472
11,361,550

30,293,686
27,312,692
31,157,942
36,371,591
29,*56,598
31,233,063

11,422,038

29.945.441

11.5-0,122
11,509,940
11,516,236
11,508,643
11,4- 8,821
11,492,197
11,476.011
11.465.857
11,449,130

38,653,745

33,163,57*

30.561,240

38.407,056
34.295,148

37,642,8^5
40.016,188
38.955,672

39.353,762
31,805,486

11,4*1,493

46,780.676

11.424 901

38,80*,585

11,397.218

37.57P.283

11,^83,165

34,442,14j

THE

CHRONICLE

[Vot. XXIX

New York

City Banks.—The
statement shows the
condition of the Associated Banks offollowing
New York City for tfie week
ending- at the commencement of
business on June 28, 1879 :
Average
Banks.

Capital.

Loans and
discounts.

Specie.

BOSTON,

PHILADELPHIA, ECc.-Continued.

SECURITIES.

amount of

Bid. Ask.

Nashua & Lowell
New York A New England...
Northern of New Hampshire
Norw ich A Worcester
Ogdenso. A L. Champlain

Net dep’ts
Legal
Circula¬
other
Tenders. than
tion.'
U. S.

86
125

15%

...

New York
Manhattan Co...

2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000

Merchants
Mechanics’
Union
America
Phoenix

City
Tradesmen’s

10.462.600
5.545.600
6,781,000
6.493.300
4,039,‘300
8.065,000

2,203,000
6,601,100
2,968,000

1,000.000

Fulton

000.000

Chemical
Merch’nts’ Excli.
Gallatin Nation’)'

Butchers’&Dro v.
Mechanics’ & Tr.
Greenwich

11.436.600
3.623.400

300,000
200,000
600,000

1,131,000

Leather Man’f’rs
Seventh Ward...

3, 09,200

1.239.300
816,700
2,053,500
8^6,300

300,000

8tate of N. York.

800,000
5,000.000
5,000,000
1,000,000
1,000.000

American Excli..

Commerce

Broadway

Mercantile
Pacific

Republic
Chatham
People’s
North America..
Hanover
Irving

1.586.700

300,000
1,000,000
1,000,000
300,000

2,320,00*.;

12,600,000
11,874.200
5.597.200
3.328.700
422,700
2.257.700
1,500,000
3.987.600
450,000
3,126,000
412,500
1.222.600
700.000
1.773.900
1,000,000
5.075,300
500,000
2.220,500
3,000,000 12,572,000
600,000
1.517.400
1,000,000.
1.962.700

$

541.200
170.500
800.200

558,0*00
295.600
551.800
291,000

1,080,000
278.300

804.400
254,000

1,209,000
201.500
218,000

1,790,000
523.600
404.800
102.600
198,000

180,IKK)
36,000
16.900
6,700
1,182.006

1,541,000
371.100
360.700
68,300
108.800
108.400
54.900
81,000

164.700
319,6(H)
117,600
504.100

1,104,000
4,857.690
516.800
470.400

531.900
310.100
792,000
262.300

$

408,800
400

75.500
44.500
129,000

5.113.800
2.940.800
6.280.100
2,041,000
0,948,500

475,000

1,684,800

156.800

200.700
64.200

$
9,018.500
4.609.100
5,818,000

1.745.600
1,751,200
670,000

195,900

1,559,700
202,100

do

1,100

257,000

1,860,000

774,700

1.120.800
10,955,2001

-

3.514.300

877,100

3,072,700

179,700

2.244.900

•

•

STATE AND CITY

do"
do
do
do

5s, cur., reg

til

5s, new, reg., 1892-190.:

6e, 10*15, reg., l«77-’82.
6s, 15-25. reg., l882-’92.
6s, In. Plane, reg.,18(9
Philadelphia, 5s reg.
do
6s, old, reg ...
do 6s,n., rg.,priu*r to’9;
do 6s,n.,rg.,1395A ovei
Allegheny County 53, coup...
Allegheny City Vs, reg
Pittsburg 4s, coup., 1913.....
do
5s, reg. A cp., 191.*
do
6s, gold. reg
do
7s, w’t’r ln,rg. Ac
,10 7s, itr.imp.. reg.,’33-36.
N. Jersev 6s, reg. and coup..
do
exempt, rg. & coup
Camden County 68, cohp
Camden City 6s,coupon
do
7s, reg. A coup
Delaware 6s, coupon........
Harrisburg City 6s, coupon
RAILROAD STOCKS.X

do
do

LU2%
1(7

120%

iii%
103

121

Bid. Ask.

deb. 78. cps.oft
mort., 7s, 1892-3

Phil#. Wilm. A Balt.
6s, ’84
Pitts.Cln.ASt. L. 7b, cou., 1900
Shamokin V.A Pottsv. 7s, 1901
Stccbenv. A Ind. 1st, 6s, 1884. 103%
104%
Stony Creek 1st m. 7s i9t)7...
79
Sunb. Hsz. A W.,lst
m..5s,’23
Sunbury A Erie l st m. 7s, ’97.
Texas A Pac. 1st in ,6s, g.,1905 99
101
..

do

BONDS.

Fenna. 5s, g’d, int., reg. or cp

539.000

1.712.200
529,300
1,003,800
247.500
920,000
196,000
773,300
2.700
1.949.100
4)14,500
73)1,400
35,000
1.870.200
45,000
9.108,000
185,000
0,008.800 1,579.200

•

PHILADELPHIA.
do

2,984,0001

15%

5-1
pref..
60
Old Colony
103
103%
Portland Saco A Portsmouth 103
Pull. 1 a Palace Car.
t*2% 8 m
Puenlo A Ark nsas
5v% 59%
Rutland, preferred.
13
15
Vermont A Massachusetts..
117
118
Worcester A Nashua
30

SECURITIES.

Phil. A F. cons.m.6e,g.i.l91i.
101%
do conv. 7s, 1893*
do
7b, coup, off, ’93
Phil.A {.’.Coal* Iron deb. 7s.*2

cons

m.,6s,g.,1905

do
inc.Al. gr ,7b 1915
Union A TIiusv. 1st 111. 7s, ’9(.
United N. J. cons. in. 6s, ’94.
Warren A F. 1st m. 7s,’93
West Chester cons. 7s, ’91.
West Jersey 6s, deb.,
coup .,’33
do
istm. 6s, cp., ’96.
do
lstm. 78,’99 .
Western Penn. RR.
6s,ep. 1899
do
Gs P. B. ,’96.

47%

52

84%

85%

100
107
111
1* 3
101

i05
105
*

■

CANAL BONDS.

r

..’86

....

,’18.
.,’81 307

....

89

•

•

•

•

.:::

.,’97 107
2,003,800
896,000
114% 1V5
.,’94 10i% ir 5
3.128,000
381,000
104
107
1.235,700
102
ic 3%
5,400
191!
204,000
1.645.600
a--.
95%
532.100 1,018,800
0,033.400
270,000
124,20u
407.300
Pennsylvania 6s, coup., ’.910..
2.103.300
215,200
Metropolitan
450,000 2,281.000 10,0.50,000
Schuylk. Nav.lst ra.6s.rg.,’97.
Citizens’
2,205,000
do
2d ni. 6s, reg., 1907
108.600
403.100
Nassau
1,729,000
245 2 !0
do 6e, boatAcar,rg.,13)3
32.600
221.700
Market
1,978,000
:
3,900
500,000
2,171,000
do
27.400
7s, boatAcar..*g..l9 5
419.500
1,682,000
St. Nicholas
355,900
590,000
1,921,600
Susquehanna 6s, coup.. .9.8 .*
24,000
339.900
Shoe A Leather..
1.427.400
450,000
500,000
3.037,500
304,000
Camden
A
Atlantic.
450.300
Corn Exchange.. 1,000,000
2,933,0<J0
445,000
3.740.200
BALTIMORE.
76.600
do
do
pref.
294,000
41
2.382.900
Continental
4.700
1,000,000
4,020,300
Maryland 6s, defense, J.A J..
48.600 1,004,500
Calawl8sa
Oriental
3,871,00(*
108
12
300.000
781.500
do
1,438,800
6s, exempt, lt87...
30.400
do
150,000
pref
Marine
1.237.900
110
.?...
do
400,000
43}*
2.400,000
6s, 1890, quarterly..
37,000
do
new pref
492,000
2,343,0oo
110
Importers’ A Tr.. 1,500,000 15,765,700
355,000
42
do
5s, quarterly
1,008,200
Delaware A Bound Brook...
Park
16,935,700 1,105,900
100
105
Baltimore 6s. ;SSJ, quart
2,000,000 11,928,50-i 1,043,000 3.709.600 15
East Pennsylvania
3.339.100
Mech. Bkg. Ass’n
042,100
%
li<9 ‘
519.400
500,000
do
5)34,8<X)
J.A J
68,18S6,
30.500
Elmira
W
A
105.200
iiliamsport....
Grocers’
432.900
111
30%
225.000
do
536,200
6s, 189J, quarterly...
4,800
do
do
147.700
North River
pref..
532.700
240,000
do
308,000 Har P.
115^
715,400
6s, park, 1890, Q.—M.
46,700
Mt. Joy A Lancaster
158.500
East River......
802.700
117
do
250,000
800,100
6s, 1893, M. AS
87.200
99,500
Broad
Huntingdon
A
Manuf ’rs & Mer..
Top...
067,300
117
21-v
142.600
do
100,000
374,100
6s,exempt,’93,M.AS
1,000
do
do
79,000
Fourth National. 3,200,000
pref
120
417,800
do
14,175,100 1,119.90(1 3,176,500
1900, J.A J
Central Nat
117
13,031,000 1,049,266 Lehigh Valley
do
2,000,000
7.613,0001
1902, J. A J
448,000 1,634,000
Little
Second Nation T.
Schuylkill
7,111,000
117
1,406,000
Norfolk water, 8s
300,000
2,428,0001
178,000
Ninth National..
470,000
2,544.000
750.000
268,000 Nvlnehill
3,932,200, 327.400
780.200
First National..
railroad stocks.
Nesquehouing
3.786.100
Valley
Par.
571.600
500,000
S,838,20u! 1.295,100
908.200
Norristown...
Balt. A Ohio
Third National.. 1,000,000
8,887,800
100
45,000
6.439,000 i
885,000 1.172.100
10834
Northern Pacific
N. Y. Nat. Excli..
do
6.610.400
Wash. Branch.100
300,000
798,000
1.243.500*
67,100
124.800
d*
do
pret
753,400
Bowery National
268.400
Parkersb’g
Br.
.50
250,000
1.193.900
36,000
N. York County..
26)1,000
Northern Central
903,200
50
200,000
223,800 North Pennsylvania
1.122.300
12.400
297.300
Western Maryland
Germ’n Americ’n
Pennsyl' anla
1.138.600
,..50
750,000
180,000
1.048,700
131.300
270.800
Central
Chase National..
1,731
Philadelphia
a
Erie
,)-'00
Ohio,.../.
50
300,000
3,113,106
70.400
438.400
2,013,000
270,666 Pnilideiphia A Read ng
19% Pittsburg A Connellsvllle..50
Total
Philadelphia A Trenton
60,800.200 253,575,500 19,660,400
railroad bonds.
Ph
Baltimore
la.Wilmlng.
A
40,902,600)226,113,600 20,371.300
Balt. A Ohio 6s, 1880, J.A J...,
1(0
Pittsburg lltusv. A Bull.
103
The deviations from returns of
5%
do
6s, 1885, A.AO.
previous week are as follows:
St. Paul & Du ulh R.H. Com
109%
10%
N. W. Va. 3d m.,guar.,’85,JAJ 109
Loans and discounts
no
do
104
Dec. $2,326,100 I Net
108
p.ef. 39 x
Pitt8b.A Oonneirsv.*i8,’98,J &J
deposits
Specie
Dec.
United N. J. Companies
Inc..
$63,400
369,500 Circulation
143%
Northern Central 6s, ’85, .* AJ 106% llf&
Legal tenders
Inc..
cousol.
West
Chester
108
Inc.. 3,043,200 |
106%
pref....
215,100
do
6s, 1900. A.AO. 109
West Jersey
110
The following are the totals for a
do 68, gld, 1900, J.AJ.
11 2% 105
CANAL STOCKS.
series of weeks past:
Cen. Ohio 6s, 1st m.,’90,M.A S
107* 108
Loans.
Chesapeake A Delaware
W. Md. 6s, 1st
Specie. L. Tenders. Deposits.
m.,gr.,’90,J.AJ 110 115
1878.
Delaware Division.
Circulation. Agg. Clear
$
do
lstm., 890,J.AJ/. li;l
$
Nov. 2... 244.511.800
105
Lehigh Navigation
do 2d m., guar., J.A J
24% 25
24.144.100 40,219,000 215.443.400
(10
Nov. 0... 240.224.200
115
Morris
19.904.300 488,571,553
do
2d m., pref
26.373.200
39,155,490
90
Nov. 16... 237.645.500
210.737.600 19.905.400 408,903,425
100
do
135
pref
do 2d m.,gr. by W.Co.JAJ
23.40.5.400
39.933.200
105
Nov. 23... 234,917,700
200.752.100
110
Pennsylvania
do 6s. 3d m.. guar., J.A J.
23.414.400 49.533.200 207,184,800 19.909.400 460,572,737
110
Nov. 30... 236.433.400
116
Mar. A Cln. 7s, ’92, F. A A
22,967,40*0 41.275.700 206.797.200 19.961.900 404,037,742 Schuylkill Navigation
4%
Dec. 7... 239.815.500
do
80% 91
pref...
do
20.109.700 30,901,000 207,058,600 20,007,000 368,2)38,659
v%
2d, M. A N
Dec. 14... 233,047,200
20,058,200
37% 38
4)10,095,221 Susquehanna
do
20.832.900 40.478.500 206.134.400
8s, 3d, J.AJ
Dec. 21... 235.974,100
15
20,141,000 380,741,510
railroad bonds.
15%
Union RR. let, guar., J. A J..
20.911.500
39,000,000
203,025,000 20,077.000
Dec. 23... 235.824.400
108
421,244,872
do
Allegheny
Val.,73-10s,
20.514.100
1S9S
Can
on endorsed.
..|
40,707,000
1879.
203.299.700 19,570,700 325,696,134
108
do
is, E. ext., 1910 H3«
Jan. 4... 234,250,000
miscellaneous.
do
Inc. 7s, end.,’91.
'35
Baltimore Gas certificates...
Jan. 11... 230,682,000 20.930.200 41.832.600 206,173,000 19.848.800
100
411,598,790 Belvidere Dela. 1st ro., 6s,1902. llo%
102
Jan. 18... 233.163.400 18.962.400 45,055,400 20*5,432,200 10,785,000
]
People’s Gas
do
2dm. 6s.’8...
424,413,225
13% 13%
Jan. 25... 234.416.200 17,344,000 49.905,890 211.590.600 19,707,600
107%*.
do
Sira. 6s,’37..
486,222,549
CINCINNATI.
Feb. 1... 2.3.3.241.400 17.431.700 53.599.600 214,9)31.200 19,617,000
10^54 .
Camden AAmboy 63,coup,’83 105
507,331.749
Cincinnati 6b
t 100
Feb. 8... 242.230.200 18,033,300 54,018,800 219.210.200 19,480.000
do
6s,
do
17.840.300
611,674,082
7b
coup.,’89 104 !.
51.135.400 219.387.300 19.427.100
t 107
Feb. 15... 214.186.500
103
do
mort.
49)1,410,515
do
18,059,500
6s,’89.
VSQs
43.334.800 217.271.200 19.398.800
112
1 115
Feb. 21... 244.007,000
]
Cam.
A
Atl.
1st
in.
17.931.300
452,720,433
do
7s,
g.,1993
South.
RR.
45,377,090 216,33-2,000 19.335.900
7’30s.t 113% 114
Mar. 1... 216,716,000
H8%l.
do
21 m., 7e, cur., 1879
434,908,904
do
do
6s, gold 1 103
Mai*. 8... 217.674.200 10.456.500 42.651.800 213.429.700 10.2)12,400
103%
516,207,775 Cam. A Burlington Co. 6s,’97. i0i>.
Hamilton Co., O., 6s. long., .t
Mar. 15... 210.324.500 16.945.200 40.593.800 213.293.100 19,230,000
1UJ
17.312.400
501,321,270
Catawissa
1st,7b, conv., ’o2..
ao
39.173.400 210.563.300
7e,
to 5 yrs..t 100
1
Mar. 22... 243.839.800
102
19,335,209 400,417,429
do
chat, in., 10s, ’88
do
7 A 7’30s, long.t 107
Mar. 29... 240.453.500 18.803.700 33.972.600 200.591.400 19.290.900
110
do
new 7s 1990
413^92,7)18
18.410,800
Cln.A Cov. Bridge Bt’k, pref.
Apr. 5... 235,330,000 18,365,000 34.203.900 108,945,000 19.512.100 399.872.657 Connecting 6s.
Cln.
1900-1904—■
Ham.
A
D.
1st
m.
31.815.800
109
7s, ’30
193.121.700 19,035,500 401.180.657 Chartiers Val.,
Apr. 12... 230,442,900 18.903,000
100% ioi
ist m. 7s,C.,1901
do
2d m. 7s, ’851 100
Apr. 19... 231,151,300 18,875,000 36.145.400 195.303.700 19.696.100 42)1,259,559
Delaware inort., 6s, various..
Cln. Ham. A Ind., 7s, guar....
40,672,100
200,255,000
Apr. 26... 231,090,900 18.223.100
60
19.721.200
Ciu. A Indiana ist m. 7s
45.224.500 204.514.200 19,707,609 487.843,450 Del A Bound Br., 1st, 7s. 1905 .12
102
May 3.
219.357.800 18.510.200
503,108,030 East Penn. 1st mort. 7s^ *88
do
2d in. 7s, \7. f
May 10... 242.941,000 18,745,000 49.440.500 214.331.700 19.683.100 546,708,625 El.A
Colum. A Xenia, 1st m. 7s. ’90 87%
W’msport, itt in., »s,’t>0. iii
May 17... 253.838.500 18,76)1,900 53.576.700 224,037,200 19,688,000 501,290,770
104
do
58,perp
Dayton A Mich. 1st in. 7s. '8i+
May 24... 257,6)16,500 18.802.400 49.150.900 2)30,424,700 19.685.400 598,230,201
101%
do
H-anieburg
let
mur*
6s,
’8)..
2d
m.
43.234.900
7s.’84.-f227.345.600
May 31... 257.272.800 18.785.400
100
H. A B. T. 1st in. 7b, g >id, ’90
do
41.791.400 225,754,000 19,856,(500 529,990,9)10
3d m. 7s, ’83+
June 7... 258.3)12,700
18.996.700 42.822.800 226.963.300 19.809.400 439,7 0,395
2d m. 7s, gold, ’95 105
do
Dayton A West. 1st in., ’81.. .t 07%
June 14... 250,291,033
110
19,077,800 472,828,038
18.780.900
do
3d m. cons. 7s, ’95*
do
1st in., 1905.t
June21... 255.901.600 19,20(3.900 44.851.900 227.316.700 20,056.800 450,084,041
50
Ithaca* Athens 1st g d, ;8.,’S
43.839.400 223,177.000
do
June 28... 253.575.500
lBtm.fs, 190. T65
20.150.200
90
450.901,901
Junction 1st mort. 65 ’82
19.600.400 46.902.600 220,113,000
ind. Cln. A Laf. 1st m.7s.
20.371.300 432,735,690
do
2d mort. 6s, 19J0
do
(I.AC.) 1st in.7s,’8t+
r. Sup. A Miss., Is) m., 7<t g*
Little Miami 6s, ’83
+ 100
IN BOSTON.
Gin. Ham. A Dayton 6tock.
Lehigh Valley, lst,6s,cp.. 1893
AM) OTHER
32%
....

.

....

.

...

-

..

-

—

.

.

—

...

...

-

.

..

•

.

.

,

.

...

...

...

...

QUOTATIONS

PIIIMUKLPIIIA

SECURITIES.

Bid. Ask.

BOSTON.

.

6s

..

Massachusetts 5s, gold

lloston ts, currency
do
5s, gold
Chicago sewerage 7s

do

Atch. A
do
do

....

Municipal7s.....
6s

Tcpeka

do

Boston

.

<s

1st m.7s
114
land grant 7s
113%
2d 78
114
Vi'A
lane Inc. 3s.. 10r>

**i

Albany 7s

;

_

Portland

do
6s
Boston A Lowell 7s
Boston A Low eli 6s
Boston A Maine 7s

119

! Vermont A Canada,

new

Vermont A Mass. RR.,68

AtchUon
Bot-ton A
Boston A
Boston A
Boston A

8s..
..

STOCKS.
A Topeka

109
135

Albany

LowelMaine.

»

Providence
Burlington A Mo. in Neb...

j

-r

i 13

I

08}*

!15^|
117%'

,119% Cheshire preferred.
Boston A Providence 7»
23
j
Chic. Clinton Dub. A Min
Burl. A Mo., laud grant
3<
7s... !115
1
C:n. Sandusky A
do
Neb. 6s
Clev...
100
7%j
Concord
do
Neb. 8s, 1S81
118
Conu. A
Connecticut River
!
Passumpslc, If, 1S9.
^iConn. A Passumpeic
Eastern. Mass., »hs, new.
73% ’ 79
Eastern (Mass.)
Fitch btrg RR., 6e
40
16}*
'Eastern (New Hamnshire)...
do
7s..#.
118 V
i Fitchburg
Kan. City Top. A
115
\VM 73, lac
116
113b*
■

.

....

„

....

do
do reg., 1893... ii.j
do 2 i m. 7s, reg., 1910
122%
do
con. m., 6s,rg.,1923
00
do
cio
6s, p.,19 3

Bid. Ask.

& Erie 7s. new
q6% 30%
|Ka°. <Mty. 9t. Jo.&C. B. *b.
98% 9 %
[New Y01 k A New Erg. 78
105% 106
<)^densburg A Lake Ch.8s...
I!(Ld Colony, 7»
do
08
Omsha A S. Western,8a
119
Pueblo A Ark. Vailey, 7s...
101%
i Rutland 8s,1st mort

Hampshire 6s

Vermont

SECURITIES.

I Hartford

Maine 6s
New

CITIES.

I

....

..

do

do




7s. inc

114% [Kan. City Top. t Westeru...
M
Manchester & Law renew....

I

...

i 140

-

105%
110

In defan’f.

t Per 6hire.

27%
st’k,guar 101

8. p.c.

112

LOUISVILLE.

Louisville 7s
t
do
6s,’82 to’87
t
do
6s,’97 to’93
t
do
water 6s,’87 to ’89 t
do
water stock 6s,’97.+

103

108

;oi
101
101
iol
+ 101
of ’89.t 101

102
102

102
102
do
wharf 6s
102
do
spec’l tax 6s
102
Loui-vllle water 6s, Co. 1907 t
Jeff. M.Al.lstm. (IaM) 7b,’8H 105% 106
do
2dm., 7s
i«o
do*
1st m.,7s, 1906....+
112%
Loulsv.C.ALex. 1st m.7s,’97*
110%
Louts. A

Fr’k.,Loui8V.ln,63,’8

Louisv. A Nashville—
Leb. Br. 6s, ’86
-...t
1st in. Leb. Br. Ex.,7s,’80-S5.-t
Lou. In.
do
6s, ’j3. .1
Jefferson Mad. A Ind stock.

101%

do
deben., cp./ri/
do
do
cps. ot.
do
scrip, 1832.
67%
do
In. m.Ts, cp,1896 63
do cdos. m. 7a, cp..l9ii.. 111
do cons. m. 7s, rg.,19’.l..
111%
—

f

...

do

Little Miami stock

..

'

-

Columbus A Xenia stock
112
Dayton A Michigan stock...;

Little Schuylkill, 1st m.7s ’^2
North. Penn. 1st m.6s, cp.,’85.
107%
do
2d in. 7s,cp.. ’96. 11a
do gen. m. 7s, cp., DK)3
do gen. m.7s, reg., i90v
roalr 1st.
Oil Creek
ist in.
m. 7s, coup.,’8
conn..’8'
80
uittsb. Tltusv. A B., 7s, cp.,’96
30%
do
scrip....
Pa.&N.Y.C.A RR.78,-895
119% 120%:
Pennsylv., 1st m., 6b, cp., ’80. 103 ‘ 13%
gen. m. 6s,cp..l9i0 112
I
do
een. in. 6s,’g.,19'0. 115
do
cons, in 6 , rg., 1905
iu8% 10 %
do
cons. m. 6s. cp., 1905.
107% 107%:
do
Navy Yard6s, rg,’all....
Pc n. o , 6i. reg
L...
Perklomen 1st in. 6s,coup.,’97
Phila. a Erie 1st m.6s, cp.,’8l
107
do
2d m 7s,cp.,'S8
Phila. A Read. 1st in.6s, ’43-’44
da
’48-.4?
do
2d m., 78,' p , £:

1

:

12

ST.

LOUIS.

101%

102
103
101

lu3%

102%

104
102
104

3t. Louis 6s, long
ft 104%
do
water 6s, gold
f 105%
do
do
do
new.t 106
do
bridge appr., g. 6s t 105%
do
renewal, gold, 6s.t

io5%

ao
fewer, g. 6s,’9:-2-3.f 105%
St. Louis Co. new park,g.6s.+
106%) 108
do
cur. 7b
.

j

+ And Inters.

..

.

\

%

\

July 5,

THE CHRONICLE

1879.]

QUOTATIONS
U. S. Bands and active Railroad Stocks

are

OF STOCKS AND

quoted

on a

previous

page.

STATE
Bid.

SECURITIES.

Ask.

Illinois—War loan

Kentucky—6s
6s, new
6s, new floating debt
7s, penitentiary
6s, levee
8s, do
8s, do of 1875
8s, of 1910
7s, consolidated
7s, small
Michigan—6s, 1883
7s, 1890
Missouri—6s, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Hannibal & St. Jo., 1886..

Class A, 2 to 5

B, 25sto 5
8lass
lass C,

Arkansas—6s, funded

.

Illinois—6s,

coupon,

1879...

•

103
110

110k'

H0>|
103

Missouri—Han. A St. Jo.,’87.
New

•

•

20
20
20
20
20
20
20

_

....

,

,

.

„

....

20
48

....

47k

47
103
112

....

104
104

York—0s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 18811
6s, do 1891..
6s, do 1892

6s, do 1893
North Carolina—6s, old.JAJ
63, old, A.A O
No. Car. RR., J. A J
do
do
do

A.A O
coup, off, J. A J.
coup,

....

105

do

Chatham RR
do
do

108%
104

Ohio—6s,

class 2.....
class 3
:
1881

AND

MINfELLANEOUS

40

42

38k

39k:

i

do
do
do

construct’n
7s of 1871.
1st con.,g’d,.

Del.& Hud.Canal—1st m.,’84
1st mortgage, 1891
do
extended

.110

...

^99X1 99k
101k 102

104'

STOCKS

"
St.Clias.B’dge,lst, 7s, 1908
North Missouri, 1st m., 7s
104k: 104%:
1st Pa. div., coup., 7s, 1917 107k i 108
St. L. Alton A T. H.-lst m
do
reg., 7s, 1917
106% 108
2d mortgage, pref—
112
Albany & Susqueh., 1st m
do
income
do
do

33

Dubuque & Sioux City...

Coup.. 7s,’94
Reg. 7s, ’94

Bid.

Ask

South Carolina—6s
Jan. A July

Funding act, 1866

,

,

25%

25%
.

.

,

,

Land Com.,
do
7s of 1888

9%
9% 1
16
16
5
3
3

2k

2%

103
107

1889, J. & J...
1889, A. AO...

Non-fundable

Tennessee—6s, old
6s, new
6s,

2k
2k

AND

Securities.

April & Oct
....

9
9
15
15
1

..

St. L. A Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo A Fulton, 1st mort..
Cairo Ark. A T., 1st mort
St.L. K.C AN.—R.E.A R.,7s
Omaha Div., 1st mort.. 7s

....

87k

1868

Special tax, class 1

....

107

New bonds, J. A J

105k
107

be

par may

Rhode Island—Os.coup.’93-9

87k

off, A.AO.

104k

Ask.

104
106
106
106
117
120
121
25
25
107

Funding act, i860

103%

Morris & Ess’x,b’nds, 1900

32k

Bid.

SECURITIES.

6s. 1886

RAILROAD
Railroad Stocks.
(Active previously quoted.)
Albany & Susquehanna —
Boston A N. Y. Air L., pref
Burl. Cedar Rapids A No...
Chesapeake & Ohio—
do
do
1st pref
do
do
2d pref.
Chicago A Alton, pref...
Chicago St. Paul A Minn,

•

BONDS IN NEW YORK.
Prices represent the per cent value, whatever the

BONOS.

Ask.

103

Louisiana—6s

8s of 1892
8s of 1893

7s, L. Rock A Ft. Scott iss.
7s, Memp. A L. Rock RR
7s, L. R P. B. & N. O. RR.
7s, Miss. O. & R. R. RR...
7s, Arkansas Central RR.
Connecticut—6s
Georgians
7s, new
7s, endorsed
7s, cold

Bid.

SECURITIES.

Alabama—6s, 1883
:
5s, 1886
8s, 1886
8s, 1888
8s, Montg. A Eufaula RR.
88, Ala. A Chatt. RR

13

new series

Virgina—6s, old

6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3'65s, 1924.

55*6
39

m

Small

Registered

87k mt

BONDS.

H5ki
93% t 94%
*....i 95k

Peoria Pekin A J.—1st m
*30
50.
St.L.A San F.—2dm.,class A
7R
70
2d mortgage, class B
4»
42
....:100
do
class C
89
40
02 I 95
St.L. A S.E.—Cons., 7s, g.,’94
57
65
St.L. VandaliaA T.H.—1st m *105
....|105
2d mortgage, guar
....105%
90
85
102k 103k Sand. Mans. A Newark—17s.
100
103.
114
115% South Side (L. I.)—1st mort
90
85
South Minn.—1st m.. 7s, ’88,
100
104
1st mortgage, 7s (pink).
84k
100
50
Extension
87%
108
Tol. Can. g.A Det.-lst, 7s, g
60
70
*98
Union A Logansport—7s
91
93
Union Pac., So. Br.—8s, gld.
83
80
....

Harlem
105
106
do
2d mort.
Belleville A So. Ill., 1st m
Ind. Cin. & Laf
3d mort.
do
Keokuk & Des Moines.
Spring.V’y W.Works, 1st6s
9k 10k
do
*102
1st
Tol.
con.,
Peo. A W.—1st m., E.D
guar
do
do
pref.
Rens.& Saratoga, 1st,coup
1st mortgage, W. D
Louisville & Nashville
Southern Securities.
61k 62
do
1st, reg.
Manhattan
Burlington Div
45k Denv.& It.
(Brokers' Quotations.)
91
Grande—lst,1900
91k
2d mortgage, 1886..
Marietta A Cin., 1st pref...
STATES.
120
Erie—1st mort., extended.
Consol., 7s, 1910
2d pref...
do
do
N.
Carolina.—New 4s
62
65
2d mortgage, 7s, 1879
105
Pur. Com. rec’pts, 1st,E.D 107
Mobile & Ohio
So
87
92
.Carolina—Con., 6s (good)
3d mortgage, 7s, 1883
107
108% 109
do
Nashville Chat. A St. Louis.
1st, W. D
Rejected
(best
sort)
4tli
30
mortgage, 7s, 1880
do
Bur. Div
New Jersey Southern
Texas—6s, 1892
M.A S. +103" 105
5th mortgage, 7s, 1888
1st pref. inc. for 2d mort
33
35
N. Y. Elevated, ex priv
xl25
128k
112
7s. gold, 1892-1910 J.A J. +110
1st
7s,
cons.,
gold
bonds,
1920.
so
N. Y. New Haven & Hartf.
inc, for consol
7s, gold, 1004}'.
112
J.A J. +111
112
ex coup.,Sept.,’79 A prev
112% Tol.AWab.—lstext.7s,excp 109k 112
Ohio & Mississippi pref
10s,
100
+99
pension, 1-894.. .J.A J.
Long Dock bonds
94
114% 115k
1st St. L. div.7s,ex mat.ep
Pitts. Ft. W. & Cnic. spec’l. 101k 102k
94k Virginia—New
49
50
10-40s
BuC N.Y. A E, 1st m., 1916
117
2d mortgage ext., ex coup
Rensselaer & Saratoga
102
86% 88
CITIES.
N.Y.L.E.AW.,n.2d,con.,0s
76% ....
30
50
Equipment bonds, 7s, 1883
10
St. Louis Alton & T. H
99
102
Atlanta, Ga.—7s
do 1st, con., f, cp.,7s
Consol, conv. ex coupon
74k 75
19
do
do
pref.
8s
107
110
do 2d,con.,f.cp.,5s,6s
75% 75%
Gt. Western, 1st m., ex cp 107k1108k
Terre Haute & Indianapolis
Water works .’
Han. & St. Jos.—8s, conv...
104
97
102
104k
do 2d m.,7s,’93,ex cp
143
86% 87
Unite 1,N. J. RR. & Canal.
105
107
HO
Augusta, Ga.—7e, bonds...
Ill.Cent.—Dub. ASioux C.lst
95
Q. A Tol., 1st, 78, ’90,ex cp.
MI
ollaneous St’ks
Dub. & Sioux C., 2d div...
Charleston, 8. C.—Stock, 0s
Ill. A So. la., 1st m.7s,ex cp
59k 61
98
106
A' ms Express
F.
L
65
75
7s,
Cedar F. & Minn., 1st m..
*.... 103
106k
West. Un. Tel.-1900, coup
116
116
A,' rican Express
60
70
46k
Lake Shore—
Columbus, Ga.—7s, bonds..
1101^111
United States Express
60
70
Mich S. & N. Ind., s. f., 7s.
Macon—Bonds, 7s
110k 111
INCOME BONDS.
99k
10
20
110
Wells, Fargo & Co
Cleve. & Tol., sink. fund.
Central of N. J., 1908
70k 71k Memphis—Bonds, C
10
110
Bonds, A and B
20
do
new bonds
Quicksilver
Leh. A Wilkes B. Coal, 1888
49
....
36'*
Endorsed M. A C. RR
do
15
25
*.... 105
pref
Cleve. P’ville & Ash., old.
St.L.I.M.AS.,lst 7s,pref .int.
67k 67k
Atlantic & Pacific Tel
114
80
118
Compromise
35
37k
do
new
do 2d int.,6s.accum’e
55
*
American District Tel
15
25
Mobile—5s, coupons on
Buffalo & Erie, new bds... 116
Chic. St.L.A N. 0.,2d m.,1907
47
42
Gold & Stock Telegraph....
15
25
8s, coupons on
Buffalo A State Line, 7s..
Canton Co., Baltimore.
— UIIscellaneoiiH List.
6s, funded
20
20
Kal’zoo A W. Pigeon. 1st.
American Coal
40
50
Det.Mon. A T., 1st, 7s,4906 *116
Montgomery—New 5s
118%
New 3s
Consolidation Coal of Md..
80
Lake Shore Div. bonds...
50
152
80
90
Pennsylvania Coal
do
*.... 120* * f Albany, N. Y.—6s, long
Nashville—6s, old
cons, coup., 1st
105 108
119
6s, new
80
90
Mariposa L’d & Mining Co.
do
cons, reg., 1st.,
Buffalo—Water, long
112k 115
New
do
do
108
24
111
20
pref.
do
Orleans—Prera., 5s
cons, coup., 2d. *110
“Chicago—6s, long dates
+107
Ontario Silver Mining.
31
S3
7s, sewerage
39k
do
cons, reg., 2d
Consolidated, 6s
+113% 114
37
Homestake Mining
38
115
24
26
7s, water
+114
Railroad, 6s
Louisv.& Nash.—Cons.m.,7s
Standard Cons. Gold Mining
Norfolk—63
too
110
30k 31
2d mort., 7s, gold
7s, river improvement
+113k 114
Pullman Palace Car
100
104
83k 90
Nashv. & Decatur, 1st, 7s.
Cleveland—7s, long
Petersburg—6s
115
110
Railroad Bonds.
+113
Detroit—Water works, 7s
Marietta & Cin.—1st moil...
8s....,
Richmond—6s
45
55
103
Elizabeth City—Short
Stock Exchange Prices.
87
1st mort., sterling.
40
44
71
73
37
old
Bost. H. & Erie—1st m
Savannnah—7s,
35k
Metropolit’n Elev—1st,1908
105%
Long
102
7)
109
120
7s, new
73
Mich. Cent.—Cons., 7s, 1902
*34
1st mort., guar
Hartford—6s, various
69
79
Ill
+106
71
1st mort., 8s, 1882, s. f.
Consols, 5
Bur. Ced.R.A North.—1st,5s
Indianapolis—7'30s
79k
+00
100
Minn.A St. L., 1st, 7s, guar 105
Long Island City
Wiim’ton.N.C,—6s, g., cp.on
Equipment bonds
100
+109
111
8s, gold, coup, on
Mo.K. A T.—Cons.ass.,1904-6
70% 70% Newark City—7s, long
Chesap.A O.—Pur. m’y fund
42
+114
116
2d mortgage, inc., 1911 —
RAILROADS.
32k 32%
6s, gold, series B, int. def.
Water, 7s, long
+101
21
II.
102k
Ala.
&
Oswego—7s..
Cent.
20
AChat.—Rec’rs ctfs.var
6s, currencv, int. deferred
Mo., 1st., 1890.
60
19k;
+112
115
106
105
Atlantic A Gulf—Consol
N. Y. Central—6s, 1883
Poughkeepsie—Water
*100
102
Chicago & Alton—1st mort. *115k
106
+113
115
Income
Rochester—Water, 1903
30
40
104k 10(»k
6s, 1887
Consol., end. by Savan’h..
+ ’....
Cent. Georgiar-Cons. m., 7s 109
Toledo—8s, water, 1894
Sinking fund
112
106k ■ 107
*104k
6s, real estate
7‘30s
+
105
Joliet & Chicago, 1st m...
Stock—
64
70
*104k
6s, subscription
124
+111
114
Louis’a & Mo., 1st m., guar 107 'ilio* ‘
N. Y. C. & Hud., 1st m., cp.
Charl’te
97
Col.A A.—Cons., 7s
90
125k Yonkers—Water, 1903
2d mortgage, 7s
do
2d 7s, 1900.
do
72
1st ru., reg. 124
75
97k 101
126k
St. L. Jack. A Chic., 1st m. 111
Huds. R„ 7s, 2d m., s.f.,’85
East Tenn. A Georgia—6s.. x90
95
110k
RAILROADS.
95
Canada South., 1st, int. g.
E.Tenn.A Va.—6s,end.Tenn
105
112
86k
Miss,Riv.Bridge,1st,s.f,6* *103
E. Tenn. Va. A Ga.—1st, 7s.
Chic. Bur. & Q.—8 p.c., 1st m
106
100
124k Bost. A N. Y. A i r-L—1st m
Harlem, 1st in., 7s, coup.,
lit)' 120
Consol, mort., 7s
Stock
do
1st m., 7s, reg— *124"
xl05
California Pac.—7s, gold
no
N.
Y.
x90
rll5~
sinking
fund
118"
5s,
Elevated-lst, 7s, 1906 112k
Georgia RR.—7s
j 6s, 2d mortgage, gold
112
6s
Chic. Rk. I.A P.—6s, cp.,1917 113
tl04
106
Cent, of la.—1st m., 7s, gold
72
75
113k Ohio A Miss.—Consol, s. f’d
113
Stock
Consolidated
50
70
63,1917, registered
111k
57k
95
90"
Keok.& Des M., 1st, g., 5s.
Greenville A Col.—7s, 1st m.
2d consolidated
90
91
95
02k 92%
Central of N. J.—1st ru., ’90.
119
1st m., Springfield div
45
M
50
7s, guar.
53
j
2d mortgage, inc., 7s
1st consolidated
Macon
97
Pacific Railroads—
A Aug.—2d, endors.
10O
,Chic. St. P.A M.—6s, g., new 102 103
do
101
assented.
Central Pacific—Gold bds. 109k 109% I Land grant, 6s, gold..
84
86
95% 96k
MemphisA Cha’ston—1st,7s 100
Convertible
x76
San Joaquin Branch.... 101ki .... iChic.A Southwest.—7s, t
103
110
TO
2d, 7s
99 I 100% :Cin. Lafayette A Ch.—1st m
Stock
do
5
assented
Cal. A Oregon, 1st
80
83
7
96k
102 k 102k
40
96
State Aid bonds..
Cin.A Spr.-lst, C.C.C.AI.,7s
95
45
Adjustment, 1903
Memp. A Lit. Rock—1st, 4s.
....
*104%;
94
100
Land grant bonds
1st m., g’d L.S.AM. S.,7s
104
104
Mississippi Cent —1st m.,7s 101
Lehigh A W. B.,con.,g’d..
102k1 ....
do
2d mort., ex coupons
assent’d *69
Western Pacific bonds.. 102
Col. A Hock. V.-lst,7s,30 yrs +104k 106
69k
103% 105
80
85
Miss.
Am. Dock & Impr. bonds,
A
Tenn.—1st
114
101
116
South. Pac. of Cal.—1st m.
•199
m.,
1st, 7s, 10 years
8s, A
82
1st mortgage, 8s, B
do
x88
assented
92
Union Pacific—1st mort.. 109% 109k
+92
95
2d, 7s, 20 years
Mobile A Ohio—Sterling, 8s
75
Chic.Mil. A St.P.—lst,8s,P.D * 127k
Dan. Urb. Bl.A P.—1st, 7s, g.
Land grants, 7s—
02
85
55
113k 114
U
2d mort., 7 3-10, P. D
75
85
70
62
ik
Sterling, ex cert., 6s
114% 114% Denver Pac.—1st,7s,Id. gr.,j
Sinking fund
1st m., 7s, $ gold, R. D.... *110k
114
,115
60
70
Erie A Pittsburg—1st m., 7s 105
8s, interest...;
Registered, 8s
2d mortgage, 8s
1st m., La C. Div
Pacific RR. of Mo.—1st m. 107% 108
12
Con. mortgage, 7s
15
102
*110%
103k
110
1st m., I. A M
2d mortgage
New 1st mortgage
86
90
88
85
106% 110
7s, equipment
1st m., I. & D
*108
New debentures
37
40
Evansv. A Crawfordsv.—7s. 102
107
Income, 7s
N. O. A Jacks.—1st m., 8s.. xl08
1st m;, H. A D
1st m., Carondelet Br...
110
Evar.sv. Hen. A Nashv.—7s.
50
1st m., C. & M.
96
mi" 111k South Pac. of Mo.—1st m.
98
103
Evansv. T.H. A Chic.—7s, g.
105
05
55
Certificate, 2d mort., 8s..
Nashville Chat.A St. L.—7s. 101
Con. sinking fund.
Flint A Pere M.-8s, l’d gr’t 100
102
Kansas Pac.—1st m.,6s,’95
105k
107
2d mortgage
1st m.,6s,’95, with cp.ctfs 113k
Galv. Hous.A H.—7s. gld,’71
80
85
1st, 0s, Tenn. A Pac. Br...
94%
104
1st m„ 7s, I. & D. Ext
92
1st m., 6s, ’96
95
Gr’nd R.AInd.—lst,7s,l.g.gu
99
103
1st, 6s, McM.M.W.AAl.Br.
105
Chic. ANorthw.—Sink. f’d.. 112
do
Norfolk A Petersb.—1st, 8s. 108
with coup, ctfs 112% 113
89
94
1st, 7s, Id. gr., not guar...
107 I
Interest bonds
1st mortgage, 7s
102
1st m., 7s, Leav. br., 96..
70
75
1st, ex land grant, 7s
85
2d mortgage, 8s
Consol, bonds.
87
do
Grand River Val.—8s, 1st m +103% 104
with coup, ctfs
122%jl22k
104% 106
ft/l
Extension bonds.
110
Northeast.,
C.—1st
S.
1st m., 7s,R.AL.G.D’d,99
Hous.A Gt.N.—lst,7s,g.,ctfs
m., 8s.
112"
2d mortgage, 8s
1st mortgage
do
97
with coup, ctfs
Hous. A Tex. C.—1st, 7s, gld 104
loo"
114
96
1st m., 7s, land gr’t, ’80..
100 * 102
114k
Western Div
Coupon gold bonds
Orange A Alex’a—lsts, 6s.
do
with coup, ctfs 117%
100
Registered gold bonds....
Waco
103
2ds, 6s
Iowa Midland, 1st in., 8s..
2d mort., ’86
Consol, bonds.
102
104
3ds, 8s
Galena A. Chicago, exten.
24
do
with coup, ctfs
Indianan. Bl. A W.—1st m..
4tlis, 8s...
97
Inc. coup. No. 11 on 1916 *70
Rich.A Dan.—1st consol., 6s
Peninsula, 1st m., conv...
70
75
Indianapolis A St.L.—1st, 7s
Chic. & Milwaukee, 1st m.
120
71
Southw. Ga.—Conv., 7s, ’86. 105
Inc. coup. No. 16 on 1916
105
Indianap.A Vine.—lst,7s, gr 100
: International
Winona & St. P., 1st m ...
Stock
Den. Div. Tr. rec’ts ass.
M
87
101k
(Tex.)—1st, 7?
do
2d m
105
S. Carolina RR.—1st m., 7s.
101
23
106k1 Pennsylvania RR—
i Int. H. A Gt. No.—Conv., 8s
C. C. C. & Ind’s—1st, 7s, s. f. 116
:
50
Jack.L. AS.—8s, 1st,“white” +108
109
7s, 1902, non-enjoined
117k; Pitts.Ft.W.A Chic., 1st m +123k
101
Consol, mortgage
Savan’h
A
Char.—1st
do
do
121
105
m., 7s.
2dm..l*120k
Long Island—1st mortgage.
106k
C. St. L. & N. O. Ten. lien 7s *100
Cha’ston A Sav., 6s, end..
50
do
do
3d m..
Montclair A G.L.—1st, 7s, n.
35
50
do
do
1st con. 7s
West Ala.—1st mort., 8s
xllO
Cleve.A Pitts., consol., s.f *115k
N. J. Midland—1st, 7s, gold.
42
45
Del. Lack. A West.—2d m.. *100%
2d mort.. 8s, guar
112
do
*107
2d mort
4th mort
9
5
PAST-DUE COUPONS.
Col. Chic. A I. C., 1st con.. *70k 70k New Jersey Soutli’n—1st, 7s
7s, convertible
!
111
113
do
2d
Y.
Mortgage 7s, 1907
con...
N.
A Osw. Midl’d—1st m.
14" Tennesssee State coupons.
90
23k
do Tr’t Co.ctfs.lst con
53
Syr. Bii *h. A N. Y., 1st, 7s *107
50
Receiver’s certif’s, labor.
South Carolina consol
69% 70
Morris A. Essex, 1st m
*123
do
do
2d con
22
50
53
do
other.
coupons
Virginia
do
21
<- 'Dnmn—7«i. fMTflf..
±112
57*2
Rome Wat. Sr
^n •*
100
do
95
78
ftortsol. coupons...




—

....

•

••■

....

...

....

-

-

-p

r

..

.

—

•

-

r

-r

—

1900, registered

....

....

..

....

100**

(Brokeig^'fQwUUicns.)

.....

....

....

....

....

*

...

....

,

....

...

#

a

„

.

^

_

r

r

—

1105

.

k!

....

,

Si*

j

.

.

-

...

iik

j

.

*

priceB

.

.

nominal.

+ And accrued interest.

* No price to-day; these are latest quotations made this week.

*

14

THE CHRONICLE
NEW YORK

LOCAL

[Vol. XXIX.

SECURITIES.

Bank Stock List.
Companies.

Capital.

npt Nat*.

are

ijs

Price.

Net

miLsi

dates. §

Amount

MH

Dividends.

Surplus
<%\j

Insurance Stock List*
[Quotations by U. S. Bailey, broker,7 Pine street.]

Period 1877. 1878.

Capital.

Bid. Ask.

Last Paid.

Par.
America*

100
100
100
Bowery
25
Broadway
Batchers’& Dr. 25
■Central
«*' 100
Chase
100
Chatham
25
Chemical
100
Citizens’
25
100
City
Commerce
100
Continental... 100
Corn Exch’ge*. 100
JiastRiver....
25
11th Ward*.... 25
Fifth
100
Fifth Avenue*. 100
First
100
Fourth
100
Fulton
30
Gallatin....
50
German Am.* 100
German Exch.* 100
100
Germapla*
Greenwlch\... 25
Am.

Exchange.

....

Grand Central* 25
Grocers*
40
Hanover
100

Imp.* Traders’
Irving
Island City*...
Leather Manuf.

Manhattan*..

.

Manuf. &Mer.*

Marine
Market
Mechanics’
Mech. Assoc’n.
Mech’lcs & Tr.

100
50
50
100
50
20
100
100
25
50'
25

3,000,000 i ,385,050 J.& J.
5,000,000 1,214.400 M.&N.

8

250,000 193,100 J. & J.
1,000,000 1,252.100 I. & J.

12

92.800 J. & J

300,000

2,000,000

11
16

16
8
8

.

346.90 i J. & J.

July. ’79. 34
Way. ’79. 3 10754
JO

8
6

*

•

-

7

27,900
9
6
166,600 J. & J.
300,000 3,221 609 Bl-m’ly 100
100
167.600 J. & J.
600,000
6
6^

1,4'1.000 M.&N.
2,633.900 1. & J.

10
6

166,700 I. & J.
828,600 F.&A.

* r

-

r-

"■

•

•

6
6
•

8

are or

Of same date for the
State banks.

Gas and

8

S

....

g,

«

»

•

.

Clinton
100
Columbia....... 30
Commercial
50
Continental.... 100
...

’79.
*79
*79.
’79.
’74.
’79.
’77.
-79.

225
450
97

5
3

100

Firemen’s
Firemen’s Fund
Firemen’s Tr..

3
5
6
3

*

Par.

July,

’79.
Jan., ’78.
Ju y, *79.
Feb., *79.

ioo4
•

t

4
3
4

34 130

•

24
74

2

8

6

74
64

64 July,’79. 34
July, ’79. 24
July, ’79. 34

.

•

10

Ju y, ’79.
May, ’79.
July, ’79.
May, ’79.

July, ’79.

10
12
5
7
8
8

6

74
8
8
3

t

.

9

64

8
10
10
7
7
3
9
8
8

3

904

Harlem

J jrsey City & Hoboken
Manhattan

Metropolitan
Mutual, N. Y
bonds

Nassau, Brooklyn
do

scrip

New York

do
do
bonds
do
do
certificates.
Central of New York

Mav, ,79

Lenox

LongIsl.(Bkn.)

Lorlilard
Manuf.A Build.

Mech’ics’CBkn)

scrip

1,000
Var.
50
50

Var.

Metropolitan, Brooklyn

100
100

Municipal

bonds

4*
97

iod

3^
3*

’79.
July, ’74. 3^
,

Feb.,’79.

6

Aug. ’77. 2l•
July, ’78. 3
July, ’79. 4
July, ’79. 4

3
9
10
6
7
3

Niagara
North River,...

95

July, 79. 3
May, ’79. 34
Jan., ’78. 3
74 July, ’79. 34
10
May, ’79. 4
8
J uly, ’79. 6

Rate

Var.
Var.

Date.

...

...

A. & O.
F. & A.

1898

J.& J.
J.& J.
M.& S.
VI. & s

34

Quar.

14

F.& A.

Feb., ’78
Jan., ’79
June, ’79
Feb.. ’79
Feb., ’79
Apl., ’79
! 1882
J;in., ’79
May, ’79

74
5
5

...

Var
M.&N.

3

34

M.&N.
r. & j.
300,000 M.&N.
300,000 J. & J.
466,000 F.& A.

4

May, ’79

34 Jan.. ’76
7

1897
Jan
’79

34

,

3
2

Feb., ’79
Jan., ’79
34 Jan., ’79
24 May, ’79
3
Feb., ’79

1,000,000 Quar,
1,000,000 •J. & J.

1,000,000

May, ’79
Jsn., ’79

M.&N.

1,500,000

6

1888

120
55
95
40
135
160
122
101
60
102
55
82
95
18
90
70
55
70
85
40
126
104

127
05
100
50

1

100

1st mortgage

Broadway <£Seventh Ave—stk..
1st mortgage

Brooklyn City—stock

1,000
100

1,000
10

1st mortgage

Broadway (Brooklyn)— stock...
1st mortgage bonds
Buxhwick Av. (B'klyn)—stock..
Ventral Pk., y.dk E. River—stk
Consolidated mortgage bon s.

1,000
100
100

1,000
100
100

900,000 J. & J.
094,000 J

.

&

J

104
05
105
05
90
100

22
80
05
80
95
50

135
103

2,100,000 Q-J.
1,500,000 J. & D.
2,000,000 Q-F.
300,000 M.&N.

200,000 Q-J.
400,000 A. & O.
300,000 J.

500,000

&

a

.

•«.»••••

1,800,000 J.

* J.

12
85
0*4

2
7

J uly,

3
3
7

Apr., ’79 135

79
Ju y, ’84 101
34 May. ’79 130
7
Nov.. ’801102

-

Oct., ’70
1888
-

.

3
7
2
7
0
7
6
7

Dec.1902
May, ’79
June, ’93
July, ’79
Jan., ’84
May, ’78
Apr., ’93

7

Nov.1904

Jan., ’79

90
100
85
40
94
86
103
100
100
140
105

...

........

1st

OO&c.
J00

1,000

mortgage

fivenly-thira Street—stocg
1st mortgage

.

.

200,000 A.& O.
750,000 M.&N.
415,000 J* & J.

100 2,000,000 Q-F.
l',000 2,000,000 J. & J.

100
1.000

This column shows last dividend




St.Nicholas....

25
50
100
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25

1870. 1877. 1878.

200,000
7,107 10
21 25
200,000
400,000 t494,548 15
200,000
09,251 10
200,000
1,442 8
200,000
37,545 10
300,000 410,567 20
200,000 303,641 20
153,000 203,044 20
300,000 503,709 20
250,000
300,000
200,000
1,000,000
300,000
200,000
200,010
200,000
204,000
150,000
150,000
200,000
1,000,000
500,000
200,000
200,000

If 0,000

500,000
200,000

200,000
200,010 tS14,003 10
150,000
199,901 20
280,000
27,884 10
ire,597 20
150,000
200,000 110,473 10
55,005 10
150,000
200,000 281,942 20
300,000
71,541 10
200,000 202,281 11
250,000 241,421 14
200,000 281,637 30
150,000 180,569 20
51,386 10
200,000
200,979 20
200,000
200,00(1 114,189 20
200,000* 174,081 25
124.331 16
200,000
210,000 324,202 20
160,005
200,000
20
24,571
200,000
55,001 io
300,0H0
,

455,0] 2 10
A 12,717 12
426,132 30
103,552 120
200,474 20
108,104 20
731,322 20
8H
59,449 10
34,073 10
71,994 13
205,204 25

500,000
350,000
200,000
200 000

Westchester...

10

Williamsb’gC.

50

250,000

Last Paid.

Bid. Ask.
50

July, ’78. 5
July. ’78. 3Jb

14
10

130

’79. 7
Jan., ’79. 5
N’nj Jan., ’77. 4
10
July. ’78. 5
20
June, ’79.10

4
10
20

Jan

20
20
20

20
20
20

103,095
39,020

.

175 011

171,318
49,231
144,517
181,302
231,331
175,619
450,317

10
20
10
20
10
10

10
20
5
10
10
10
16
10
12
10
20
20
10
16
12
20
10
20
14
N’ne
N’ne
11
10
30
12
20
12
15
N’ne
10
5
10

,

20
10
12
20
80
20
10

20
18
20
14
20
17

10
12
11
20
20
20
18
20

100
50
190
200
180
190
110
MO
47
115
173
200
100
105
•

3^

10
10
12
20
20
16
15^ 16
10
10
9
11-55 1235 6-23
15
17)* 1234
10
10
10
20
16
14
25
10
20
10
16
12
10
10
10
20
20
20

Feb.,
Jan.,
Jan.,
July,
Feb.,
Jau.,

’79. 5

’79. 5
’79. 5
’79. 5
’79. 5
’79.10

•

•

•

•

•

•

•

•

120
...

55
135
178
210

.

....

...
.

.

.

.

105

«

30
100
120
135

•

•

•

•

•

• • •
• ••

.

180

.

.

.

200

107
270
00

.

.

.

.

....

70
140-

105
85
125
50

....

mi

127

•••

•

100
100
65
130
160
70
140
100
80
130
07
130
112
170
165
80
140
110

105

80

80
150
100
90

73

140
130

...

.

100
75
123
112
75

ird
125
105
198

1A

....

...

.

112
....

.

.

.

•

•

•

.

•

120
123
....

90
80

....

70
95

•

130
65
65

.

60
115
105
235
109
190
110
117
65

...

165

180
.

,

•

85
150

i05
.

’79. 5
’79. 0
’79. 4
’79.10
’79. 0
Jan., ’79.10
July, ’79. 6
Jan., ’79 5
Jun., ’77. 3)4
Jan., ’79. 5
Jan., ’79. 5
July, ’79. 5
Jau., ’79.10
July, ’79 8
Feb , ’79 5
Jan , ’79.6-23
July, ’79. 0

,,,,

65
202
210

120

M

Jan.,
July.
Apl..
July.
July,

....

...(

Feb.i ’79.10

’C‘l ’79 5
July, ’79.10
Jau., ’79. 5
Ja i.. ’79 8
Jan., ’79. 5
Jau., ’79. 5
Jan., ’79. 8
Jan., ’79. 5
Jan., ’79. 6
Jan., ’79. 5
Jan., ’79.10
•la".. ’79.10
July, ’79. 5
jau., ’79. 8
Jan., ’79. 5
Ju y. ’79.10
Jau., ’79. 5
Ja •„ ’79.10
Feb.. ’79. 7

70

....

...

200,000
150,000
500,000
200,000
3,000,000

150,000
150,000
1.000,000
200,000
200,000
300,000
200,000
200,000
200.000
200,000
200,000
300,000
200,000
200,000

5

10
15
15
10

Price.

Jan.. ’79.10
Jmd., ’79.10
178,380 20
17^ 10-72 Feb.. ’79. 5
12
150,018 20
18
Jan.. ’79. 0
11,126 10
N’ne July, ’77. 5
5
18
25
25
170,523
Jan., ’79.10
1,038,423 11‘45 12-50 13 40 Jan., ’79.6-83
20
20
514,353 30
Apl., ’79.10
10
14
102,001 14
Jan., ’79. 5
10
15
121,60J 20
Yeb., ’79. 5
15
15
101.067 15
Jan., ’79. 'Ci
10
15
12
85,825
July, *7». 3*
N’ne luly. ’77. 5
10
10
11
12
86,018 12
Jan, ’79. 6
J uly, ’74. 7
130,330
10
io
815,049 io
Juy, ’79. 5
22
30
754,424 30
July, ’79. 7
10
20
127,116 20
dan.. ’79. 5
30
40
344,301 40
Jan., ’79.
7
• an..
85,343 10
10
’79. 3>*
124,537 20
20TO* July. ’79. 5
10
085,899 10
10
July. ’79.15
10
78,847 10
10
July, ’79. 5
1,363.489 10
10
10
Jan., ’79. 5
15,909 10
10
10
Jan., ’79. 3>s
200,609 12
12
10
Jan., ’79 5
111,928 12
Ju y, ’79. 5
12
10
32,968 10
13
10
Jftii.f ’7m. 5

210,000

300,000
250,000
300, noo

on

600,000 J & J.
250.000

7
2
7
7
7
5
7
3
7
4
7

July, ’94
Apr., *78
Apr., ’85

May, ’88

99
10
80
30
95
70
70

Sept..’83
May, ’77 85
July, ’90 105
May, *79 120
July,’90 97
Feb.’79 95
'«

*\

*

Over all liabilities, including

scrip.

177*
....

.

.

.

120
•

•

•

•

•

••

•

•

.

•

a

•

135
no
•

•

•

•

20
90
65
102
140
110
150
100
102

97
.

90

105

iio
155
115
40
101
20
86

82*

100

75
75
100
115

l£6

’93 102

stocks, but the date of maturity of ovudt

t inclusive of

[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
Interest.

Price.

Bonds
Rate.

Months Payable.

due.

Bid. Ask

*’

York: ‘
Water stock

Ntw

-

1841-63.
Croton water stock.. 1845-51.
do
do
..1S52-60.
Croton Aqued’ctstock.1865.
do
pipes and mains...
io
reservoir bonds
Central Paik bonds. .1853-57.
do
no
..1853-65.
Dock bonds
1870.
do
1 ~75.
Market stock
1865-68.

Improvement stock.... 1869

do
oo
Consolidated bonds
Street imp. stock
do
do
New Consolidated
Westchester County

1869.
var.

var.
var.

5
5
0
6
7
0
5
6
7
6
7
6
7
6 g.
6
7
0 g*

7

Feb., May Aug.& Nov.
do
do
do

do
do
do

May & November.

Feb.,May, Aug.&Nov.
do
do

do
do

May & November.
May & November.
do
do
do
do
do

do
do
do
" do
do

January & July.
do

do

1880
1890
1883-1890
1884-1911
1884-1900

100
104
104
100
110
1907-1911 109
1898
108
1895
100
1901
121
107
1898
118
1894-1897
107
1889
1879-1890 102
1901
113
1888
102^
1879-1882 102
113
1896
118
1894

101
105
107
109
121
110
109

107
122
109
119
108
116
115
105
105
115
119

<r

[Quotations by N. T. Brers, Jr., Broker, 1 New st.]

W4
50

re-insarance, capital and scrip,

City Securities.

964

*

H July, ‘79
7
J’ly.1900

.

1,000 1,200,000 J.&D.
Dry Dock, E. B. dk Battery—stk.
100 1,200,000 Q-F.
1st mortgage, cons’d
50o&c
900,000 J.&D
BXghth Avenue—stock
100 1,000,000 J.& J.
1st mortgage
1,000
J. & J.
203,000
2d St. db Grand St Perry—stock
100
748,000 M.&N.
1st mortgage
1,000
230,000 A.&O.
Central Cross lown- stock.
100
600,000
1st mortgage...
1,000
200,000 M.&N.
Houston, West st.dkPav.F’y—stk
100
250,000
1st mortgage
500
500,000 J. & J.
Second Avonue—stock
100 1,199,500 Q.-F.
3d mortgage
1,000
150,000 A.&O.
Cons. Convertlolc
1.000 1,050,000 M.&N.

third Avenue—stock

25
Pacific
25
Park
100
Peter Cooper... 20
50
People’s
Phenlx (Bklyn) 50
Produce Exch. 100
50
Relief
100
Republic
100
Ridgewood
25
Rutgers’
100
Safeguard

145
170
127

[Quotations by H. L. Grant, Broker, 145
Broadway.]

1st mortgage

50

Standard
Star

Bid. Ask.

*

5
3
7
3

750 000 M. &N.

Extension
fucIh Avenue- stock

Mercantile..
Merchants’....
Montauk (Bkn)
Nassau (Bklyn)
National
374
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100

72

ly.’79. 3
July, '79. 34
Jan

Manhattan

Mech.&Trad’rs’
.

J

Amount. Period.

2,000,000
1,200,000
1,000
315,000
50 1,850.000
20
750,000
50 4,000,000
100 2,500,000
V*r. 1,000,000
100 5,000,000
1,000 1,000,000
25 1,000,000
Ya
700,000
100 4,000,000
10 1,000,000

Williamsburg

go

Lafayette(Bkn
Lamar.. .[

4**

14,1879, for the National banks, and

.

People’s (Brooklyn)

do

Knickerbocker

rr ••

75

Ju y, »79. 3-

July, ’79.

^

r

Kings Co.(Bkn)

24

Juiy, ’79. 24
July, ’77. 3*

10
6
8
6
T

Jefferson

60

’79. 24 50
July, ’79. 4T 125
July, ’79. 4
J uly,’79. 4

io

64

Irving

May,

6
U
12
6
10
6

Howard

Importers’* T..

T r _

4
2

July, ’79. 0

®

.

Hope

July, ’79. 3
Juiy, -79. 34

9

25
20

_

do

Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hoffman.
Home

17
10
10
100
100
50
50
25
100
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50

1879.*

Amount

j

Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
do
bonds

>

German-Amer.

t -1 ® ffl

City Railroad Stocks and Bonds.

Companies.

Franklin&Kmp

*

[Gas Quotations by George H. Prentiss,
Broker, 24 Broad Street. 1
Gas

40
Eagle
Empire City.... 100
30
Exchange
50
Farragnt;

34
34

7
8

„

date June

•

•

t .

Jan., *77. 3
July, ’79. 34
July, ’79. 7

*

74

47.500 M.&N.
700.500 J.& J.
72, 00 J. & J.
75,600 F. & A.
71,000 J.& J.
54.600 J.&J.
82.2' 0 J. & J.
169,900 J. & J.
21 J.500 Q-F.
309.500 J. A J.
1S8.300 J. & J.
1*3,100 J. & J.
58.700
337.200 F.&A.
125 800 F.& A.
53,100 J. & J.
81.900 J. & J.
238,300 J. & J.
41 2^0 J. & J
196.100 M.& N.
104.000 J. & J.
269 400 J. & J.
66 >,0 0 M.&N.
104,7^.0 J. & J.
» ,

•

•

July. ’79. 24

179,60 ) M.&N.
7ufe,000 J. & J.
144.400 J. & J.
57,900 J.& J.
842,600 J. & J.
80,7(0

Shoe & Leather

§ The figures in this column

12

6.4

.

May,

6

7
14
8
3
11

78.000! M.&N.

,

92
110

*

•

American

-

138. LOO T. * J.
6.700 J. & J.
497.800 J & J
1,069.000 F. & A
8,800 J. & J.
400,000
101,900 J. & J.
500,000
288,800 J. & J.
2,000,000 970.t00 J. & J.
68.700 M.&N.
500,000

gae-fic*

5

7
•

July.
July,
May,
Apl,
Feb.,
May,
May,

•

•

3
7
14

100 1,000,odo
100 2,000,000
100
200,000
UK)
300,000
100
750,000
70
700,000
50
240,000
25
300,000
50
422,700
Park
100 2,000,000
People’s*
25
412,500
Phenlx..;
20 1,000,000
Produce*
100
125,000
Republic
100 1,500,000
8t. Nicholas
100
500,000
Seventh Ward. 100 300,000
Second
100
300,000
100
500,000
ixth
100
200,000
State of N. Y.. 100
800,000
Third
100 1,000,000
Tradesmen’s... 40 1,000,000
Union
50 1,200,000
West Side*
100
200,000

6

7

18,400 J. & J.
217,3 0 J. & J.
1,889,900 J. & J.

Nassau*
New York
N. Y. Counts..
N. Y. N. Exch.
Ninth
No. America*..
North River*.
Oriental*

•

25

100
50
American Excl 100
100
Amity
Atlantic
50
25
Bowery
25
Broadway
17
Brooklyn
Citizens’
20
70
City

• •

July, ’70. 3
July, ’79. 3

12
6
10
7

10

tf

.

X

•

79. 4
121
Juiy, 79. 3^
Feb , -79. 5

10

12

May.
',100 May.
14,300 M.&N.

..

July.

„

10

4

Mercantile
10(f 1,000,000
Merchants’.
50 2,000.000
Merchants’ Ex. $ 1,000,000
Metropolis*.
100
300,000
Metropolitan.. ido 3,000,000
Murray Hill*.. 100 100,000

.79. 5

....

™

49,900

300,000

yay,

•

34 July, ’79. 34

398 400 M.&N.
671.210 A.& O.
82 400 F.& A.

.

July.

’79. 3
79.15
’79. 3

July,

....

1S0,«( 0
1,579.000 Q-J.
967,900 J. & J.
,

^

10

66 800 I. & J.
11,400 J. A J
43,700 J. & J.

July,

10
8

....

Adriatic
.-Etna.

y. ’79. 5

July. ’79. 8
July. *79. 3
July. ’79. 34

-

300,000
450,000

1,000,000
5,000,000
1,000,000
1,000,000
250,000
100,000
150,000
100,000
500,000
3,200,000
600,000
1,000,000
750,000
200,000
200,000
200,000
100,000
225,000
1,000,000
1,500,000
500,000
100,000
600.000
2,050,000
100,000

103

Dividends.

Surplus,
Jan. 1,

Companies.

Brooklyn—Local iinpr’em’i—
Cdt.v bonds........
do
Park bonds
Water loan bonds
•

..

'....

Bridge bonds
Water loan.

City bonds
Kings Co. bonds
do
do
Park bonds
•All

7
7
7
7
7
6
0
7
6

Jaiuary & J^y.

do
io
do
Jo
do
do
do
do
do
do
do
do
MaV & November.
<lo
do
January a July.

Brooklyn bonds flat.

1879-1880 !01

1881-1895]102
5 915-1924! 125

1900-1924 122
1004-1912 121
1899-1905* 112
1881-1895 104
I860-18*3 103
1880-1885 101
114
1924
19<Y7_19in 113

103
111
128
127
127

114*
109
108
107
117
117

[Quotations by C. Zabrisksb, 47 Montgomery St., Jersey City.]
Jersey City—
Water loan, long..
do

Sewerage bonds....
Assessment bonds. ..1870-71.
Improvement bonds
;.
..1868-69.
Bergen bonds

0
7
7
7
7
7

January & July.
Janaary & July.
do

do

Jan., May, July & Nov.
J. & J. and J & D.
Jannarv and JnW

1895
97
1899-1902 102
1878-1879 98
1878-1879 98
189 >94
98
1900
98

100
103
100
1'0
100
100

J ply

THE

.*t 1879. J

CHRONICLE
“

After

15

thorough study of the situation, by a committee
representing the boards of both companies, a lease was drawn
up and executed, conveying to the Chicago Rock Island &
Pacific Railroad Company the entire control and management

AND

STATE, CITY AND CORPORATION FINANCES.

a

of the Keokuk & Des Moines
the term of forty-five years,

Railway, with its equipment, for

that being the duration of the
corporate existence of that company.
The conditions are,
briefly, that the lessee shall operate and maintain in good con¬
dition, and pay to the lessor twenty-five per cent of the gross
office, as only a
earnings of said leased road, guaranteeing that said twenty-five
subscribers. One number of the Supplement, however, is bound per cent of earnings shall be equal to the payment semi-annu¬
up with The Financial Review (Annual), and can be purchased ally of five per cent interest on a bonded debt of $2,750,000, or
in that shape.
$16,975 per mile of road. The contract also provided that a
majority of the Keokuk & Des Moines Railway stock should be
ANNUAL REPORTS.
sold to the lessee for a nominal consideration, and after ratifica¬
tion of lease by stockholders, the control of said road was to be
Chicago Rock Island & Pacific.
'iven to the lessee, all of which conditions have been fulfilled,
'"he road has been operated under lease since the 1st of
(For the year ending March 31; 1879.)
From the directors’ annual report for the year ending March October last with satisfactory results.”
lands.
31,1879, we have the following:
The railroads owned or controlled under lease by this com¬
Conveyances and contracts to convey lands, for the fiscal year
ending with March 31, have amounted to 21,348 acres, for a.
pany at the close of the fiscal year were as follows:
total consideration of $183,454, the average price received being
Miles.
Main line, Chicago to Council Bluffs
500% $8 59 per acre. Interest received has amounted to $77,377^
Branch, South Englewood to South Chicago
9
Bills receivable have increased $34,245, amounting at date of
Branch, Bureau Junction to Peoria (leased)
46%
this
report to $825,740. Nearly 300,000 acres remain unsold.
Branch, Wilton Junction to Knoxville
128
Iowa Southern & Missouri Northern Railway, Washington,
Taxes to the amount of $46,397 (including $2,849 railroad aid
Iowa, to Leavenworth, Kansas
271
tax that was returned to the treasury of this company) have
Branch, Edgerton Junction to Atchison
29
been paid, an average of 14 cents per acre.
Branch, Keokuk to Des Moines (leased)
162
From th%receipts of the year, after paying taxes and all
Branch, Des Moines to Indianola and Winterset
48
Audubon Branch, Atlantic to Audubon
25
of land department, $170,000 were remitted to the
expenses
Harlan Branch, Avoca to Harlan
12
commissioners of the sinking fund, making a total of cash
remittances from sale of lands up to this date of $940,000.
Total
1,231
The Land Commissioner in his yearly report says: “The
Average number of miles operated for the year
1,125
Average number of miles operated previous y ear
1,032
opening of two branches last winter into the middle of Audubon
and Shelby counties, wherej most of the unsold lands of the
Mileage of road increased 9 per cent.
INCOME ACCOUNT, 1879.
company are situated, the approaching termination (it is hoped)
Gross receipts from all sources were
$9,409,833 of the litigation with the squatters, who have claimed the right
Operating expenses, including taxes
5,079,872 to select as homesteads this company’s lands more than twenty
miles from the main line, and the increased efforts that have
Net earnings
$4,329,960 been initiated to direct
immigration to the lands near the newlyFrom this sum there has been paid:
constructed branches, .will, it is hoped, enable
the'company to
For rentals of leased roads
$193,750
realize speedily at good prices upon large bodies of land which
For interest on bonded debt
939,830
The Investors’ Supplement is
of each month, and furnished to
Chronicle.
No single copies of

published on the last Saturday
all regular subscribers of the
the Supplement are sold at the
sufficient number is printed to supply regular

~~~

.

.

.

.

1,997,086—3,130,660

For dividends

have heretofore been of slow sale.”
BALANCE

Leaving
$1,199,300
Expended in improvements, equipment and construction of
new branches
966,551

$232,749

Surplus

COMPARISON OF GROSS AND NET EARNINGS WITH PREVIOUS YEARS.

1876-7.

1877-8.

1878-9.

$2,023,604
5,353,779

$1,846,653

$1,868,027

5,575,733=

163,970

150,763
109,200

6,929,925
151,293
115,790

Sources of Revenue—

Passenger transportation
Freight
“
Mail

“

Express
“
Rents, interest, &c
Mileage of cars
Telegraph line

109,639
161,645

Total

Expenditures—
Operating expenses

134,426

34,951
6,976

71,004
8,089

247,918
88,800
8,076

$7,854,566

$7,895,870

$9,409,833

$4,256,601

$4,137,113

$4,861,716

247,400

218,155

’.

'

248,601

Taxes

Net earnings
$3,349,364
Percentages of operating expen¬
ses to gross earnings
54*19
Percentages of operat. expen.—
taxesinclud.—to gross earn’gs.
7*36
The number of passengers carried,

$3,511,356

$4,329,960

52*40

51*67

55*53

53*99

compared with previous
year, decreased 3 1-3 per cent; but as the average rate of fare
was maintained and the average distance traveled was slightly
increased, passenger earnings increased 116-100 per cent,
showing a gain of $21,374 over last year. Freight moved
increased over previous year 26 47-100 per cent, or 468,151 tons.
It was also moved a greater average distance, the tonnage
movement increasing 35 64-100 per cent.
As a result of this
increase of tonnage, freight earnings show an increase of
24 25-100 per cent, or $1,354,192, notwithstanding the average
rate per ton per mile decreased from 1 56-100 cents to 1 43-100
cents. The following comparative statement will show the tons
of freight moved, decrease in rates and revenues received for
the past

ten years:

Number tons

carried
Fiscal year—
1869-70
1870-71
1871-72
1872-73
1873-74
1874-75
1875-76
1876-77
1877-78
1878-79

.

.

.

.

.

.

:....

.

.

.

.

one

Av’sre rate
uer
Av’ge
rate per
ton per mile.

mile.

Cents.

130,683,671
151,864,519
168,764,688
219,394,094
249,523,401
287,913,578
288,525,696
337,135,683
370,436,382
510,859,804

2*74
2*64
2*49
2*29
2*07
1*92
1*91
1*71

1*56
1*43

Amount
received.

$3,587,002
4,023,271
4,213,371
4,597,982

5,003,001
5,292,412
5,121,556
5,353,779
5,575,733
6,929,925

“

In the foreclosure of the Chicago & Southwestern Railroad,
the Iowa Southern & Missouri Northern Railroad Company
became the purchaser of the former road, and issued to this
company 52,450 shares of their capital stock, for the sums
which had been expended by this company, which said shares
of the Iowa Southern & Missouri Northern road were, by reso¬
lution of the board of directors, transferred to the treasurer of
the Chicago Rock Island & Pacific road, to be by him held in
trust for the stockholders during the lease of said Iowa South¬
ern & Missouri Northern road to this company, which expires

when the shares
property of this company.
in 1926,




so

held in trust

are

to become the

SHEET, MARCH 31, 1879.
Liabilities.

Capital stock fixed, $25,000,000, amount issued
$20,979,900
Fractional scrip, convertible into stock
100
Six per cent mortgage coupon bonds
$5,540,000
Six per cent mortgage registered bonds
4,425,000
Seven per cent sinking fund bonds (called in).
12,000
Six per cent income bonds
5,000—
9,982,OQO
Suspense account
Profit and loss, exchanging bonds

6,741

Profit balance of income account

4,355
6,267,454

„

$37,240,550
Assets.

Cost of road and equipment, including

Oskaloosa and South

Chicago Branches
Cost of railroad bridge at Rock Island.
Cost of Audubon Branch construction account
Cost of Harlan Branch construction account

Capital stock in connecting roads

Six per cent mortgage bonds on hand
Loans payable on demand, and cash in New York—
Due from post office department
Stock of Material, Fuel, etc., on hand
Cash and balances due from other roads in hands of local

$33,528,805
758,526
181,804
84,393
873,289
223,000
1,147,144
24,889

255,681
163,015

treasurer, Chicago

$37,240,550
DISPOSITION OF SURPLUS EARNINGS.

Cost of road and equipment, including Oskaloosa

aud South

Chicago Branches
Cost of railroad bridge at Rock Island—

758,526

181,804

Cost of Audubon branch
Cost of Harlem branch

84,393

Total construction account

$20,980,000

Capital stock issued
Bonds issued

$34,553,529

9,982,000—30,962,000

•

Surplus absorbed in construction account
Casii, loans, material on hand, and balance due from other
roads, etc

3,591,529
1,590,731

1,096,289

Capital stock in connecting roads, and bonds
Less balance due, suspense

$33,528,805

$6,278,550
11,096

and other accounts

$6,267,454

Total surplus account
The amount charged to

construction and equipment on the
Chicago Rock Island & Pacific Railroad for the year has been as

follows:

Land, land damages, etc
Masonry in bridges and culverts
Reducing grades and filling trestle bridges
Ballasting track with stone
New depots, engine houses, etc
New side track and switches (9 1-10 miles)
New fences
New machinery

$87,386
38,192

3.8,420
16,976
48,341
43.056
3,261

for shops

Engineering and contingent expenses
Construction

-

new

Construction and

-

2,026
4,883

branch railroads

266,197

purchase—equipment

417,808
$966,551

Cincinnati Hamilton & Dayton Railroad*
(For the y :ar ending March 31, 1879 .)
The board of directors submit the result of the working of
this road, and of the lines operated in connection therewith, for
the fiscal year ending March 31, 1879 :

16

THE CHRONICLE,

[Vol. XXVIII.

Expenses,
Earnings.
Cin. Hamilton <fe Dayton..
$1)07,210
Dayton & Michigan
845,237
On. Richmond & Chicago.
Cin. Ham. & Indianapolis.

Total
*

FLOATING DEBT.

including in¬

terest <fc taxes.

$766,017

341,075

Statement of condition ,of floating debt, March
31,1879,
compared with March 31, 1877 VIZ

Loss.

$141,193

897,187
198,186
*263,508

188.448

Profit.

$
m

qjo

AT .,»nl>

March 31,1877, TUllct
Bills nav-aVilA
payable
Due on pay rolls

9,738

78,167

There is

bonds, since paid

interest on bonds included in this item. Had the full
the bonded debt been included, the loss in
operating
would have been $96,832 instead of an
apparent profit of
shown above, and the surplus earnings of the four roads $78,167, as
would have
been but $31,672.

earnings,

as

above,

derived from the

were

Mails

Express
Miscellaneous

Dayton pool.

26,277

$2,366,716

$2,298,775

earnings, 3’40

per

controversy, viz:
4 coupons on

3*4 5

6*26

The comparative expenses for the two
year.s were as follows
1878.

*

:

1^79.

$1,474,542

$1,441,403

118,683
548,761
138,118

101,598

447,030
134,868

$2,230,107

$2,124,900

3*et earnings

$82,784
$157,672
The net earnings of the Cincinnati Hamilton &
Dayton
Railroad show an increase over last
year of $22,268.
In addi¬
tion to this there has been
expended in grain elevators and
other permanent improvements,
the sum of $5,251, and there
have also been added 50 new box
ears, at a cost of $22,229,
and four new first-class
passenger coaches at a cost of $16,000,
making the actual increase of net earnings $65,749 over last
year.
44

of

“This read shows

•against

a

&

net earnings of $9,738

is occasioned by the
falling off in
lower rates of freight caused

&

INDIANAPOLIS RAILROAD.

“The net

earnings of this road for the year ending March 31,
1877, were $8,344 less than the operating expenses and
taxes; for
the years ending March 31,1878 and
1879, the}'were respectively
$93,360 and $102,137 more than such expenses and taxes. Dur¬
ing the past two years only five miles of re-rolled rails have
been put in this road, the needed rails
having been supplied
from old rails taken out of the

broad-gauge track
Dayt9n. There have been contracted

between

for this
road for this year 1*350 tons of steel
rails,
the cost of which,
less the value of old rails taken
up, will add $45,000 to the expense
of maintaining this road
the current year, and this
during
annual expense must be
substantially
kept up for eight years,
or until the track is covered
with steel rails.
STATEMENT OF GROSS
EARNINGS, OPERATING EXPENSES AND
TAXES, AND
AMOUNTS APPLICABLE TO
DIVIDENDS, FOR 3 YEARS ENDING MARCH

31st,

Earnings.

1877
1878
1879

$946,921

907,210

574,567

1877
1878
1879

$905,685

$651,266

1877
1878
1879

936,433

866,849

845,237
'

$185,745
195,088
188,448

viz.:

Cincinnati Hamilton <£•
Dayton.
Applicable Amount of
Operating to Interest Dividend or
Expenses
and
Interest to
and Taxes.
Dividends.
be paid.

Year.

$683,071

609,964

$263,819
326,468

$254,418
283,549

271,331

$393,521

1879

341,675

364.521

$334,320
320,869
323,281

$137,608
128,801

154,989

$48,137
66.286

33,458

$401,865
271,160
239,533

$44,075

or

Deficit.
Sur .$78,209
Sur. .118,924
Sur.. 141,193
Def.

.$69,902

Def..
Def..

37,319
51,949

Iron rails account
Wood lands
Bills receivable
Stock and bonds.
Due from Post Office De¬

Consolidated

36,133
3,565
2,107

*965,907

8,254

com-

panies

,

Due from individuals...
Danl McLaren, trustee.
C. R. & Ft. W. R. R. Co.
D. & M. R. R. lessors.,..
C. H. & I. R. R. Co......
Cask and cash nssets....

Surplus earnings
Interest

43,341

43,196

Def...

Dividends unclaimed...
Due railroad companies.
Due individuals
D. <fc. M. preferred divi¬

42,095
36,879
86.924

Payrolls
Cin. Rich. & Chic. R. R.
losses
:
Bills payable

This account represents the

...22,941
9,738

93,360

102,137

$191,203
202,625
198,970

)

Def.$199,547
Def.
Def.

109,265

96,832

381

46,299
72,783

24,431
19,578
71,139
9,000

299,714

following securities, viz.:

700 Cin. Ham.
Indianapolis bonds...
25 C. R. & C. first mortgage bonds
65 C. R. & C. second mortgage bonds.
7,502 Shares C. R. & C stock
27,962 Shares D. & M. stock
250 Shares Cin. Elevator Co. stock
28 Shares C. H. & D. R. R. stock
36 Income bonds D. & U. R. R
81 Shares common stock D. & U. R. R.
56 Shares preferred stock D. & U. RR.
.

Total

Par Value.

Ou the Books.

$700,000

$695,100

25,000
65,000
375,100
1,398,100
25,000
2,800
36,000
4,050
2,800

17,246
59,730

100,976
58,255
25,000
2,800

6,800

$2,634,850

,

Ogdensbnrgh

996,000
1,534,793
57,756

$8,370,879

$8,370,879

& Luke

$965,907

Champlain.

(For the year ending March 31, 1879.)
report made by the Auditor of the company, the
following is obtained:
From the

RESULTS OF BUSINESS FOR TWO YEARS
ENDING APRIL

On the 31st of March, 1877, there

assets of
The net earn’gs for the year
Profits on wood lots were
Received from sale of bonds

was an

excess

over

end’g Mar. 31/78,

1, 1879.

of liabilities

were.

$163,802
10,121

The interest on bonded debt for the
year was
Two dividends accrued dur’g the
yr. of $80,000 each.
The excess of liabilities over assets Mar.

$273,923

....

31, ’78,

Ou the 31st of March, 1878,
liabilities over assets of

there

was

an

was

excess

of

The net earn’gs for tlio year ending
Mar. 31/79. were
Real estate increased in value over its
cost, and was
entered on the books at its present

profit in this year of

44 shares of

$48,304

100,000

6,698

72,317
160,000

$280,622 $280,622

$90,407

$6,698

value, showing

....

...$4,062

Indianajtolis.

*$8,344

bonds

on

Total

Total
*

mortgage

bonds

dends
D. & M. common divi¬
dends

149,912
531,732
917,856
174,932

on

Capital stock
$3,500,000
First mortgage bonds... 1,245,000
Second mortgage bonds.
494,000

96,644

—

Due from railroad

a

Sur
Sur

Short.




Surplus

Cincinnati Richmond d
Chicago.

Cincinnati Hamilton d
1877
1878

$135,640

207,514
332,643
191,450
Dayton d- Michigan.

583,299
573,905

371,543

appeared

companies.

31, 1879.
Liabilities.

,

“CINCINNATI HAMILTON

Cincinnati and

1,119,250

repairs

partment
as

as
as

$3,827,078

Real estate
Fuel and materials for

year

profit of $22,944 the previous year. This
deficiency
earnings of $6,639, owing to
by competition in lumber and pig
iron, and an increase in the expense of
operating of $26,188,
occasioned by the renewals of
bridges, $12,128, renewals of
iron, $7,341—none having been renewed the year
previous,
and the building of one
locomotive, costing $7,844, making $27,304 in addition to the
ordinary repairs, which would leave an
actual profit for the year of $4* 359 as
compared with last year.
a

021,250— 256,250

$72,792.

Equipment

CHICAGO RAILROAD.

deficiency of

$649,134

$235,000

CONDENSED BALANCE SHEET, MARCH

previous. If, however, we deduct the cost of 25 new stock
cars, $12,020, and one first-class
passenger coach, $4,000, added
during the last three months, the deficiency would be $35,929,
making the result substantially the same as last year.
“CINCINNATI RICHMOND

bills-payable account,

Construction

against $37,319 the

as

.

has the following avail¬

The amount of this fund in
previous
reports has
the balance sheet in balances aue
other railroad

& MICHIGAN RAILROAD

deficiency of $51,949,

a

252,000
26,331

.

earnings)
$392,934
it appears on the Secretary and
Treasurer’s balance, shows,
compared with March 31, 1878,
a reduction of but
$73,171. In explanation of this item, it is
proper to state that in carrying out the plan adopted in 1872 of
selling or exchanging preferred stock of the Dayton
Michi¬
gan Railroad Company, to redeem its bonds, there was left a
balance of $72,963, which could not be invested in bonds at
sat¬
isfactory prices, there being a provision in the agreement that
the interest and dividends on bonds and stock—one
and the other seven per cent—should not exceed in being eight
the aggre¬
gate the amount of interest on bonds of the company outstand¬
ing December 22, 1872.
It was deemed advisable, therefore,
taking advantage of the market, to re-purchase at a discount the
stock which had been sold at an
average premium of about two
per cent, thus making in reality a decrease of the
floating debt
of $145,963—1,497 shares, or $74,850
par Value, was purchased
at a cost
The

3*12
2*49

Cincinnati Richmond & Chicago
Cincinnati Hamilton «fc Indianapolis

“THE DAYTON

..

Total liabilities (to be provided for from net

Dayton & Michigan

Total expenses and interest

II. & I. bonds to July 1, 1879
guarantee of C. R. & F. W.' bonds

235 consolidated mortgage bonds, at
par
25 Cin. Rich. & Chic.
“
85c..

$2,282,572

Cincinnati Hamilton A Dayton

Dayton & Michigan Dividends

on

To meet this the
company
able assets, viz :

cent, viz.:

Total operating expenses
Taxes
Interest

$370,853

following items in

$1,800,000 C.

Past-due interest

16,203

$2,362,892

Decrease in

$328,624

90,234

17,032
3,824

Total

71,139— 370,853

floating debt, as above, is
To which may be added the

1,3r6,418
33,427
45,487

109,927

Indianapolis pool

$299,714

The

$726,929

1,395,526
34,729
41,797

:

$699,478

March 31, 1879, Bills payable
Due on pay rolls

1879.

$767,702

Freight

shows

223,120

Total

following

1878.

Passenger

On
On
On
On

72,963
mortgage

.

Decrease

sources:

Less

157,204

no

on

as

$246,190

D. & M. preferred stock fund
Ba lance due J une 1,
1877, on third

$2,282,572 $2,124,900 $157,672

year’s interest

The

1C177

stock, sold at a loss of
Charged off for depreciated value of loans
Interest on bonded and floating debt for the
year
amounted to.
i
Two di v. accrued during the year of
$80,000 each...
The excess of liabilities over assets, Mar.
31/79, wok.
common

0,190

$96,597
1,623

10,000

79,731

,

161,455

l6o,iX>0

$258,053 $258,053

July ,5

THE CHRONICLE.

1579,1

The deficit of net

earnings to meet interest on fuudcd and float¬
ing debt, and two dividends on preferred stock for the year
ending March 31, 1878, was
$08,514
For year ending March 31, 1879, was
149,324
EARNING8 AND EXPENSES OP THE OGDENSBURGH <fe LAKE CHAMPLAIN' RR.

Mar. 31, ’77, to

Earnings.
Passengers

Mar. 31, 1878.
$102,029

Freight

Express
Rents

313,747

-

19,124

$591,117
427,314

Net earninars

Total

$163,802

required for int. and dividends
as above, were

...

earnings,
Deficit

$72,317
160,000

$232,317

ASSETS AND LIABILITIES OF THE OGDENSBURGH <fc LAKE CHAMPLAIN RR. CO.

Mar.

31,1878.

:.

$>,190

.

Sinking fund bonds.
Real estate

.

Contracts
Loans
Cash
Wood and material
Bills receivable
Due from agents and roads
Bills collectible
Rensselaer Steel Company.

Conductors

53,932

2,311
26.334
143
2b8
80

$3,077,000

Deficit.

GENERAL

2,000,000
173,000
394,000
105,000
86,401
446,000
18,099
4,496

Mar.

31,1879.

5,677,000
21,020
392,000
14,400
14,797
8,100

$6,297,299

Unpaid dividends and coupons.
First mortgage bonds
Unpaid vouchers
Due other roads and agents

This will make the

217,380
164,011
538,000
18,269

-

$6,303,998

$6,422,661

6,297,299

6,261,205

$6,698

$161,455

INVESTMENT

on both sides are to be abandoned and dismissed.
Central of Long ‘slaiH.—An order of foreclosure and sale

has been filed in the Queens County Clerk’s office, in the suit of
Charles A. Hoyt and Albert Boker "against the Central Railroad

Company of Long Island, to foreclose the first mortgage of
The sixteen miles of road belonging to the late A.
T. Stewart are exempted, but the lease thereof is included
for forty years, with the privilege of purchasing at the cost of
construction. The road extends from Long Island City to
9.519
There is a second mortgage for $4,000,000.
106,036 Babylon.
Chesapeake & Ohio.—A despatch from Lexington, Ky., June
13,398 27, said
: “An important railroad contract has been completed
to-day, by which C. P. HuntiDgton and others, of New York
city, obtain control of the Elizabethtown Lexington & Big
4,934 Sandy Railroad,
binding themselves to complete the unfinished!
$6,261,205 portion of the road—eighty-three miles—from Mount Sterling,
Kv., to Huntington. This will complete the western connection
$3,077,000 of the Chesapeake & Ohio Railroad.”
2,000,000
Cincinnati City Tax Levy.—The levy to be made for the
16,000
392,000 year 1879 for city purposes will be as follows :

5,677,000
21,020
394,000
8,809
16,155
18,100
76,954

Suspended accounts
Liabilities.

old shares will be entitled to

and all suits
-

Assets.

seven

until July 10.

$149,324

$610,242

One year’s int. on total debt, fund’g & float’g
One year’s liability for div. on pref. stock..

stock, and holders of

three new shares at par
total capital $500,000.

$68,514

3,492

expenses.

new

163,502

Use of trains

operating

April 1, after which the option expired.
Coupon No. 14 on Chicago & Iowa Railroad second mortgage
8s, due July 1, 1878, will be paid July 5.
The Highland Railroad Company has voted to issue $150,000

9,689
4,999
2,139
16,200

22,618
79,616

Less paid for use foreign cars.

stock previous to

Coupons on the Detroit Lansing & Northern and Ionia & Lan¬
sing bonds will be paid July 1, and hereafter at the Second
National Bank, instead of at the company’s office. Portland &
49,477 Ogdeusburg coupon No. 18, due July 1, will be paid in Port¬
land. Coupons on bonds of the Alabama & Great Southern
Railroad will be paid July 1 at National Security Bank. Inter¬
$489,609 est is due
July 1 on $127,000 Ansonia (Me.) 6s and 7s and on
10,333
$80,000 Norridgewock (Me.) 6 per cents.
$479,276
Cairo & St* Louis.—For five years litigation has been in
388,869
progress between the Cairo & St. Louis Railroad Company and
$90,407 its bondholders on one side, and the Cairo City Land Company
$79,731 on the other. The whole matter has now been compromised,
160,000 and the railroad company is to
pay $15,000, to have full posses¬
sion of right of way into the city, depot grounds ana river
$239,731
90,407 frontage for an incline on which to ship cars across the river,

Elevating and storage
O. & L. O. RR. car earnings

Net

$33,354

384,440
10,397
5,000
2,647

.

United States mail

Total

Mar. 31,*78, to
Mar. 31, 1879

17

NEWS.

$1,000,000.

Limit
For

graph Company was ratified. The lease is for a period of ninetyaine years, ana by its terms the American Union Companv guar¬
antees the payment of the interest on the bonded debt, and 5
per cent per annum upon the $1,000,000 capital stock of the
Dominion Company.
The leased company has lines extending
through the Dominion into the maritime provinces, and has a
working contract with the Direct United States Cable Company
for twenty years. On December 31, 1878, the Dominion Tele¬
graph Company owned 4,618 miles of poles and 8,882 miles of
wire, and had 492 offices.
Boston Hartford &

Erie.—Deputy Sheriff Bailey sold by
public auction the Suffolk county (Mass.) property owned by
the Boston Hartford & Erie Railroad Company. This sale was
made to satisfy a judgment for $1,200,000 in favor of N. C.
Munson. This property, except French’s wharf, and which
covers all the land on which the tracks of the present New
York & New England road are laid between the termini in
Boston and Hyde Park, is claimed by the New York & New
England Railroad Company, under a decision of the United
States Court, which gave this company the title to all property
covered by the Berdell mortgage. The attorney of the road
was present, and before the sale he notified ail bidders that,
with the exception of French’s wharf, they would purchase
lawsuits and not land. The sale was then proceeded with, and

12*00
1*16
7*37

redemption of Cincinnati Southern Railroad bonds

For interest

on

the

same

Total levy
20*53
The estimate of the duplicate for the year is $170,500,000
The levy will realize (if the duplicate, when completed, is the

amount

American Union Telegraph.—At a meeting of the stock¬
holders of the Dominion Telegraph Company, in Toronto, the
lease of the Company’s lines made to the American Union Tele

Mills.
*75
3*08
8*17

For redemption of the city debt.,
For interest upon the city debt
For all other city purposes

stated) the

sum

of $3,500,365, divided as follows:

For city purposes, outside of interest and redemption
bonds other than Cincinnati Southom Railroad

of

Interest on city debt and fund for its redemption.
For redemption of Cincinnati Southern Railroad bonds and

payment of interest

on

the

same

Total

$1,592,985
653,015
1,454,365

$3,500,365

The Cincinnati Hospital Trustees, by a law* of the State, have
been authorized to certify its own levy to the City Council,
which levy must be included in the 12-mills limit. The amount
thus authorized is 48-100 of a mill. The Hospital Trustees have
notified the Finance Committee that for Hospital purposes they
will need 48-100 of a mill, which will realize $81,84C.
District of Columbia.—An associated press

Washington

dispatch from

says: The Secretary of the Treasury has accepted
the bids of the Bank of New York (National Banking Association)
for $600,000 of the 5 per cent refunding bonds of the District
of Columbia at 54-100 per cent premium, and Lewis Johnson &
Co. of Washington for $15,000 at 1 % per cent premium. The

Secretary will at

once

advertise for bids for the remainder of

the bonds, amounting to nearly $500,000. Bids will be received
until the 12th inst. The bonds will be issued in either regis¬
tered or coupon form, as the successful bidders may prefer,
and “ in suitable denominations.” They are to run for twenty

years from date.
Flint & Fere

Marquette.—Mr. H. C. Potter has been
appointed receiver of this company in a foreclosure suit. The
history of the trouble under which the Flint & Pere Marquette
French’s wharf was struck off to the Hon. Jonathan A. Lane
Company labors is given in the following circular, issued by
for $200,000, who was the only bidder. The remaining twenty- Jesse
Hoyt, President, and H. C. Potter, Secretary :
five lots were also sold to Mr. Lane for $170,800, making the
The trustees of the consolidated mortgage bonds have notified the
aggregate amount of the sale $370,800.—Boston Adoertiser.
president and directors of the Flint & Pere Marquette Railway Com¬
Boston Interest and Dividends.—Mr. Joseph G. Martin, of pany that, in consequence of the default in the payments of the coupons
maturing May and November, 1878, and May, 1879, and also the failure
10 State street, Boston, compiles his usual list of interest and to meet the interest which lias accrued on the interest bonds in which
dividend payments to be made in that city. He remarks on the five prior coupons had been funded, it becomes tlieir duty to institute

certain bonds as follows :
The Little Rock & Fort Smith Railroad will fund the Interest
due July 1, 1879, and January 1, 1880, on its first mortgage
bonds into 7 per cent coupon notes. Interest on Cincinnati &
Indiana Railroad bonds, due July 1, will be paid at the Ameri¬

Exchange Bank, New York, and not in Boston as hereto¬
The Burlington & Missouri River Railroad in Nebraska
gives notice that its 6 per cent bonds will be issued in place of
Kepublican Valley 6s, and interest on the latter will cease July
1. The former company has “drawn by lot” $90,800 of its
non-exempt 6s, payable July 1 at New England Trust Com¬
pany’s office. Of the $200,000 Vermont & Massachusetts 6 per
cent bonds, due July 1, all but $10,000 were converted into
can

fore.




legal proceedings for the foreclosure of their mortgage.
The notification requires us to present to the various bondholders and
creditors of the company the questions involved in the reorganization of
the company. The net income of the company is not sufficient to meet
the coupons of the consolidated bonds, and the accumulation of pastdue coupons is now so large that there is no prospect of their future
payment under existing arrangement. The property will, by order of
the Court, pass under .the control of the consolidated bondholders, subject
to the claims of holders of bonds secured by prior mortgages and such
preferred claims as are recognized by law. The net income of the com¬
pany has been sufficient to pay tlie cwupans of the prior mortgages, but,
m making necessary renewals and additions to equipment and construc¬
tion, there has arisen an indebtedness tor currenrjexpenses,which exists
as preferred claims.
Upon the surrender of the property* of the company, and its transfer
to a receiver, to be appointed by the Court, these preferred claims must
be paid from the surplus earnings after meeting cuirent expense**

-

THE CHRONICLE

18
This will delay for a

time tlie payment of coupons on the

land grant and

[Vol. XXIX.

portion of the road located in Tennessee, and also on other -

that

bonds.
property in that State. The Farmers’ Loan and Trust Com¬
For the purpose of preventing, as far as practicable, the inconvenience
pany is the trustee of the mortgage. The bonds are dated
and losses attending the non-payment of these coupons, and to facilitate
August 20, 1877, principal due January 1, 1915, interest at 7
the speedy reorganization of that company, and place its affairs in such
shape that the net earnings can at the earliest moment be applied to the
per cent per annum, due January 1 and July 1 of each year,
payment of coupons on the prior bonds, and to a division of the surplus
and are of the denomination of $1,000.
among those holding the consolidated bonds, at a conference of parties
representing the several classes of bonds and liabilities of the company,
Nesquehoning Yalley.—The Philadelphia Ledgpr says that
it has been proposed to fund the unpaid coupons of 1870, and also the
an agreement between the Nesquehoning Valley RR. Company
Holly Wayne & Monroe coupons maturing July 1, 1879, and January 1,
1880; and the land grant coupons, maturing September 1,1879, and and the Lehigh Coal & Navigation Company has been made,modi^
March 1, 1880; and the Bay City & East Saginaw Railroad coupons,
fying the terms of the lease of the railroad of the first-named
maturing July 1, 1878, and January 1,1880; also the unpaid coupons company. The original lease was made in 1868 for 999 years, at
of January, 1878, on same bonds, into a 6 per cent bond, to bo issued
a rental which paid 10 per cent per annum to the stockholders,
T>y the reorganized company, and to be secured upon the property of
the company, subject to prior mortgages, but which security will take
but the lessee reserved the right to terminate the lease, by
precedence of the rights of the holders of the consolidated mortgage merger or otherwise, at any time after ten years, which term
bonds.
expired in November last. The contract just executed provides
The officers of the company consider the bonds prior to the consolida¬
ted bonds as amply secured, and caution holders against sacrifice, not¬ that the lessees shall suspend for five years from September
withstanding the temporary delay in the payment of their coupons.
1st next the exercise of their right to terminate the lease, and
assures to the stockholders dividends at the rate of seven per
Indianapolis Cin. & Lafayette.—Mr. M. E. Ingalls, receiver cent
per annum, which rate is relatively as liberal as ten per cent
of the I. C. & L. RR., filed his monthly report with the Clerk of
was when the lease was first made.
These terms seem to be
the United States Circuit Court for May as follows ;
mutually advantageous, and will, it is believed, be generally

Holly Wayne & Monroe

.

DISBURSEMENTS.

RECEIPTS.

$41,100

Loans
Mails..-

10,120

2,475

Express companies
Rents
Sale of old iron and scraps.
Interest

Agents

Other railroad companies

3,184
7,259
118

118,250
14,280

(balances)
Miscellaneous sources

1,319

Balance for
Loans
For rails
Taxes

$1,012

April

Supply bills
Interest
Rents
Bond interest

accepted by the Nesquehoning Valley stockholders; but if any

Lehigh Navigation Com*
has agreed to provide a purchaser for his stock at par.
New York Lake Erie & Western.—The New York Times
19,989
435
gives
an extended account of an interview with President Jewett,
5,185
18,083 from which the following is quoted:
208
Q. How do tlie present earnings of tlie company compare with its
42,802 earnings last year? A. The earnings up to Jan. 1 have fallen off largely,

59,046
4,035
10,636

stockholder should be dissatisfied, the
pany

“

Legal expenses
Salaries and wages
Otlier railioad companies

because of the

condition of the general business of the country and of

winter. In October they fell off
$60,000; in .November about $190,000; in December about
$260,000; in January about $157,000. In February there was an in¬
$195,350 crease of $86,000; in March of $210,000 ; in April of $255,000, and in
Balance on hand May 31..
1,753 May of $185,000. I have not yet received the reports for June. The
earnings in May would have been much in excess of what they were, if
$198,116 it were not for the unfortunate controversy between the Pennsylvania &.
New York Central Roads, which resulted in a large reduction of rates.
Louisiana State Deht.—In the Constitutional Convention Our traffic in quantity was unusually large; the traffic of the whole sea¬
June 28, the resolution instructing the State officials not to pay son has been unusually large, and if we had had a reasonable rate onrearnings would have been very much greater. The earnings of June
the July interest on the State bonds until ordered by the Con¬ will be considerably in excess of those of June of last year, and unless^
stitutional Convention was adopted by a vote of 62 yeas to 56 some unforeseen and unexpected difficulty arises the general results of
the year will be very favorable.
nays. The Convention appointed a committee of five to inves¬
Q. Has there been any decrease in expenses as compared with last
tigate the charges of corruption in relation to the public debt, year l A. There has been no decrease as compared with last year, but
to the effect that members have been influenced in casting their when compared with the amount of business doue, the decrease has been
votes by a desire to speculate in the bonds, or have been paid a very large. For example, while the tonnage and ton milage, say, for
of which month I have all the statistics in detail, increased over
price for their votes. On June 30, the Constitutional Convention March,
40 per cent, the increase in our actual expenses has been hardly per¬
considered the reports of the Committee on the State Debt.
ceptible. And again, we are engaged in large improvements—in build¬
The majority report made the debt as it existed on January ing an elevator at Buffalo; in remodeling our yards; in putting up
1, 1879, $3,168,313, and provides for bonds payable in thirty station-houses, shops, &c.; in making .similar improvements ax Jersey
City, and in completing the double track the entire length of our road—
years bearing 4 per cent interest, which shall be exchanged for all of which add largely to our curreut expenses, because, in performing
consolidated bonds on or before January 1, 1882. The minority this work, so far as we can we follow the usual course, and this, to¬
report provided that the principal of the consolidated bonds gether with the embarrassment in the current operations of our road,
issued by the State is declared to be a valid obligation and shall arising out of these pending improvements, makes our current expenses
appear larger than they otherwise would be.
remain inviolate; that interest shall be paid at the rate of 3
“6. What progress has been made recently in these improvements?
per cent for five years from January 1, 1880, and 4 per cent A. The improvements at Buffalo are very far advanced; we should be in
thereafter. The annual 5% mill tax to pay interest is reduced operation with the elevator there in the early Fall; the improvements at
all points on the line of the road are being pressed to a speedy comple¬
to 3 mills.
Coupons of consolidated bonds falling due on Janu¬ tion; all the men who can be worked to advantage are engaged; we ex¬
ary 1, 1880, are remitted, and any interest taxes collected to pect to have everything, with the exception of the elevator at Jersey
meet said coupons are to be transferred to the account of the City, and perhaps some shops west of the tunnel, but including the
double traek, ready for the Fall’s business, by which our facilities wiU be
largely iucreased and our current expenses correspondingly decreased.
loth reports were defeated, but on July 1 the Convention
Q. When will the Hoosac Tunnel connection be made ? A* My in¬
is, not later than August 15 ; I hardly hope for it-myself by
adopted a substitute for article 2 of the minority report, recog¬ formation
that
there has been so much delay in the progress of that work; it
nizing the principal of the State debt as constituted under the oughttime,
to have been done long since; but I do not see how it is possible
Funding act, but reducing the interest to 3 per cent for fifteen for it to be delayed much longer.
Q. What will be the precise value of this connection 1 A. It must be
Article 1, declaring the whole
years, and 4 per cent thereafter.
debt a valid obligation which shall not be violated, was stricken very large; for Eastern New England, our line will really be the best;
it will
substantially, for Boston as good as any other, and if 69 per
out.
The article providing that the money for the interest tax cent ofbe,
the freight-earnings of the New York Central is derived from
collected up to January 1, 1880, goes to the general fund, the its New England trade, I do not see why ours cannot be increased sub¬
stantially in the same ratio.”
*
*
*,
*
*
coupon for that date having been remitted, was adojited.
—Messrs. Drexel, Morgan & Co. offer to exchange the Erie
$198,116

28,385

(balances)

Other miscel’neous sources

6,541

difficulties from snow, &c., during the
about

44

feneral fund to defray the expenses of the State Government.

“

“

Manhattan Reach.—The Herald reports:

“There

was

quite

extended argument before Judge Potter, in Supreme Court,
Chambers, in the suit brought by William Hinckley against the
New York & Manhattan Beach Railroad Company.
The
defendants issued $500,000 of first mortgage bonds and $300,000
of second mortgage bonds, the holders of which were by the terms
of the respective mortgages to have the option to convert into
an

due Sept. 1, for a new 5 per cent 40bond secured by the same lien.
Philadelphia & Reading.—The following is the compara¬
tive statement of gross receipts, tonnage and passengers of the
Philadelphia & Reading Railway Company for the month of
May, 1879 and 1878 :

mortgage bonds falling
year

GROSS RECEIPTS.

time between January 1,1878, and January 1,1881/
is the owner of $10,000 of the second mortgage
bonds. Some time ago, as is well known, there was organized
the Manhattan Beach Improvement Company, to which the
railroad company sold the Manhattan Beach liotel and most of
their land along the beach, for which the improvement com¬
pany ffave bonds and mortgages, and 5,000 shares of its stock
to be distributed among the stockholders of the railway com¬
pany.
The second mortgage bondholders are allowed the
option of taking stock in the railway and participating in the
distribution of the shares of the beach company, but the plain¬
tiff, as a bondholder, objects to the distribution, and says that
he has a right to exercise his option until January 1, 1881, and
that in the meantime defendants are not at liberty to part with
the beach company’s shares. The case was argued on a motion
on behalf of plaintiff by Mr. A. J. Vanderpoel to render
perma¬
nent a temporary injunction restraining the distribution C)f the
shares of the Manhattan Beach Improvement Company, and on
the part of the company by Mr. John E. Parsons. Judge Pot¬
ter took the papers.”
>

Memphis & Charleston.—The following were admitted to
first mortgage gold
Railroad Company,
nmounting tp
,400,000, and secured by a first mortgage on
the Stock Exchange list: Consolidated
bonds of the Memphis & Charleston




1878.

1879.

stock at any
The plaintiff

Month.

Year to date.

Month.

Year to date.

Railroad traffic
Canal traffic
Steam colliers
Richm’d coal barges.

$1,144,050
101,866
63,106
23,524

$5,559,181 $1,101,497 $4,963,694
124,997
201,391
265,673
51,290
344,109
275,680'
04,345
8,229
35,005

Total Railroad Co....

$1,332,547

$6,233,810 $1,286,014 $5,475,772

Read’g Coal & Iron Co

2,961,092.
$2,348,188 $10,418,010 $1,909.-710 $8,437,464

Total of all

•

1,015,641

4,184,700

683,695

TONNAGE AND PASSENGERS.

287,903

2,204,007
1,572,072

3,143,950

523,395

2,978,331

291,474

60,999

267,606

1,797,982

240,057

556,214

103,052

1,043,810'
398,532

2,353,512 "

343,110

1,442,342

828,322
459,317

3,489,004
1,852,201

1.049,941
Passengers carried
Coal traiisp’d by steam

Tons of coal on R. R
Tons of merchandise

colliers.....f

59,039

....

513,614

TONS OF COAL MINED.

Bv Coal and Iron

By tenants

Co

418,041

122,502

Total mined from lands
owned and controlled
bv Co. and from lease¬
hold estates...

521,204

St. Louis Iron Monntaiti & Southern.—St. Louis, June 28.—'
The change of gauge of the St. Louis Iron Mountain & Southern
Railroad from 5 feet to 4 feet 8/£ inches was successfully

July 5,

THE CHRONICLE

1879 ]

19

accomplished to-day. The preparations for the work were outstanding indebtedness. This latter includes the following:
complete some days ago, and as soon as the midnight train First Manassas mortgage (old company) bonds, coupons, inter¬
passed last night the various squads set to work to move the est, &c., $79,597; first Orange Alexandria & Manassas mortgage,
rail. By 2 P. M. to-day the whole job was accomplished, anc
&c., $1,864,042, second mortgage, &c., $519,000 ; Lynchburg&
since then trains have been moving along the whole length of Danville mortgage, &c., $1,792,557; first Orange & Alexandria
the road.
mortgage, &c., $561,086, second,'$1,'768,800* third, $1,438,146—
St# Louis Kansas City & Northern.—The following were of which $263,405 is the amount of the claim of the State of
put on the Exchange list: First mortgage gold bonds of the Virginia assigned to the Baltimore & Ohio ’Railroad Company,,
.St. Louis Kansas City & Northern Railway Company upon the fourth, $1,219,432; Washington City Virginia Midland & Great
;St. Charles Bridge $1,000,000 in amount, dated October 1,1878, Southern mortgage, &c., $1,615,404. With the statement of
payable thirty years after date, bearing interest at the rate of indebtedness was a statement by the receiver of the estimated
7 per cent per annum for the first three years and 8 per sent revenue and expenditures, as follows: Gross revenue, $1,020,thereafter, payable April 1 and October 1, principal and interest 000; working expenses, $580,000; trackage to Chesapeake &
payable in gold coin. Messrs. Henry F. Vail and Charles Par¬ Ohio and Alexandria & Fredricksburg Railroads, $58,000;
sons are the trustees of the mortgage.
taxes, $12,000; renewal of rails, $50,000; new rolling stock,
St. Paul Minn. & Manitoba.—The St. Paul and Minneapolis
Pioneer Press 22d has the following in relation to this railroad:
“The United States Circuit Court closed up yesterday the long
rand vexatious litigation in relation to the extension lines of the
-St. Paul & Pacific Railroad. In 1873, owing to the failure of

Jay Cooke & Co., the work of constructing the road ceased,
leaving broken fragments of the road only completed. In 1878
the Legislature of Minnesota passed an act requiring a certain
portion of the road to be completed by January 1,1879, and the
rest by January 1,1880, in default of which it forfeited all the
uncompleted lines of the company and the grant of land per¬
taining thereto. The litigation in court was in such a shape
that it could not be bronght to an end, so that the parties in
Interest could not complete the road. What was to be done ?
If something was not done, this magnificent enterprise would
fail. Only one thing could be done, and that was for the court
to authorize its receiver to build and complete the road, which
it did. Between June and December, 1878, the receiver built
and equipped 112 miles of road at a cost of less than $9,000 a
mile, against over $30,000 per mile for the road built by the
•company. In March, 1879, the court rendered a decree of fore¬
closure, and on the 14th inst. the rqad was sold to the St. Paul
Minneapolis & Manitoba road for $1,600,000. The sale was
reported to the court yesterday and confirmed, not a single
bondholder or other party objecting thereto. Out of the pro¬
ceeds of the sale all the debentures issued by the receiver to.
pay for the cost of the road built by him were paid, and the
balance of the proceeds distributed among the bondholders.
This is the first instance in which a court of chancery has built
over one hundred miles of railroad.
The court in this instance
•did this, and built it cheaper than any other road in the State
has been built, and saw the debt paid before it turned over the
road to the purchasers. In this way it became the means of

giving to the people one of the most important lines of rail¬
road.”
Southern of Long Island.—An order of foreclosure
has been filed against the Southern Railroad Company

and sale
of Long
Island, John D. Jones and William Nicoll being the plaintiffs,
•as trustees.
The mortgage is $500,000 and covers all the
branches, none of which were included in the recent sale under
the foreclosure of the second mortgage main line.
Wabash.—Judge Harlan, in the United States Circuit Court,
•disposed of the motion to remand to the State courts two cases
of Tyson vs. The Wabash Railway Company
These were fore¬
closure suits,

brought originally in the State court in

one

Indiana and one in Illinois. The complainants were all citizens
of a State other than the State in which suits were brought.
The railroad corporation was a citizen ©f the State in which suit

was brought.
There were also defendants the different trustees
In the various mortgages, and several of the number were also
citizens of the States other than of the States in which suits

$20,000.

Total, $720,000

;

net revenue, $$300,000.

Mr. Frick also presented a full statement
showing the present
and probable future net revenues of the company m connection
with the proposed reorganization scheme. This schedule was
made up with a view of an equitable distribution of the net
revenues of the road in the different
proportions to which the
various interests are entitled. It is as follows : Basis of net

earnings, $370,000. Original Orange Alexandria & Manassas
bonds, Manassas Gap bonds, &c., Lynchburg & Danville, origi¬
nal bonds, first, second, third and fourth Orange & Alexandria,
total $7,365,020; total interest, $369,456. First preferred stock,
including coupons and interest on first Orange Alexandria &
Manassas to July 1,1879, third Orange & Alexandria, and cou¬
pons and interest on Lynchburg & Danville, $1,054,512; second

Preferred
stock,
including
interest
on fourth (estimated),
Orange & Alexanria, second
Orange
Alexandria
& Manassas
W. C„
V. M. & G.
219. Total

S., principal and interest and floating debt, $2,948,preferred stock, $4,002,732; total bonded debt,
$7,365,020; grand total, $11,367,752. The scheme of reorgan¬

ization under which this statement is made is as follows :
All the works and property, franchises, rights and privileges
of the company shall be sold under a decree of the Circuit
Court of Alexandria, and three trustees appointed by the par¬
ties representing a majority of the claims. These trustees
shall purchase the property and franchises for the creditors and

organize a new railroad
gages, as follows: The

corporation, and shall execute six mort¬
first upon the road between Alexandria
and Gordonsville, including the Warrenton branch, the bonds to
be issued to all holders of original bonds, funding certificates
and coupons under the first mortgage of the Orange & Alexan¬
dria Railroad Company; the second upon the road between.
Alexandria and Gordonsville, and between Gordonsville and
Lynchburg, including the Warrenton branch, to cover the
second Orange & Alexandria mortgage; the third on the same
line of road, to cover the third Orange & Alexandria mort¬
gage; the fourth on the same road, to cover the fourth Orange
« Alexandria
mortgage ; the fifth upon the road between
Manassas Junction and Harrisonburg, to cover the first mort¬
gage of the Orange Alexandria & Manassas Railroad Company;
the sixth upon the road between Lynchburg and Danville, to
cover the mortgage of the Lynchburg & Danville Railroad.
The
capital stock of the new company shall be constituted of the
interest to July 1, 1879, upon mortgage bonds not provided for
by the new issue, &c. The new company shall, at the first ses¬
sion of the Virginia Legislature after its organization,
apply
for authority to issue preferred stock at 6 per cent
premium,
in lieu of the common stock, in lieu of interest on tne several
mortgage bonds, and shall issue common stock to all holders of
common and preferred stock of the Washington City Virginia
Midland & Great Southern, the Orange & Alexandria, the
Orange Alexandria & Manassas, and the Lynchburg & Danville

claimed by the defendants that the roads. Interest shall not commence on the bonds of the new
jurisdiction, because some of the defend¬ company until July 1, 1880. The new company shall agree to
ants, the trustees, were citizens of the same State with com- become the owner of the road from Charlottesville to Orange
plainnts. The Judge said * * * that on looking at the Court house, provided the road is completed by July 1,1880.
whole case it would be found that the controversy was between The trustees shall have full power to determine tne amounts of
the railroad on one side and the bondholders and trustees on the new bond issues, to fix the par value of the capital stock,
the other. The jurisdiction of the court, therefore, was be¬ Ac., and shall have charge of the business of effecting the
*
yond question, and the motion to remand would be overruled. reorganization.
After considerable discussion, a committee of nine was ap¬
Washington City Virginia Midland & Great Southern
pointed to consider the plan, amend it if necessary, and report
'(Orange & Alex.)—A general meeting of bondholders was held at
a future meeting.
The committee as named were : Messrs.
in Baltimore last week. Messrs. William F. Frick and John K.
Robert
T. Baldwin, L. L. Conrad, Colonel Wilcox Brown, Wm.
•Cowan represented the Baltimore & Ohio Railroad interests ;
F. Frick, Skipwith Wilmer, of Baltimore; J. W. Burke, Alex¬
Mr. H. R. Garden represented large bondholding interests in
andria,
Va.; H. R. Garden, Warrenton, Va.; Joseph Bryan,
And around Warrenton, Va. The object of the meeting was
Richmond Va.; C. M. Blackford, Lynchburg, Va.
stated as beingto consider a plan of reorganization of the Vir¬
On motion of Mr. Garden, it was decided that the committee
ginia Midland Railroad. This corporation owns and operates should have their
report printed and distributed to the various
'the property and franchises of the Orange & Alexandria, the
bondholders prior to the called meeting.
Orange Alexandria & Manassas, the Lynchburg & Danville,
The following resolution by Major Blackford was also adopted:
and the Charlottesville & ^Danville Railroads, the latter a pro¬
Me
jected route. It has been operated for several years past by J. all solved, by this meeting, that, believing it to the interest of
parties concerned that the Charlottesville & Rapidan Rail¬
S. Barbour, a receiver appointed under a decree of the Circuit
Court of Alexandria, in the suit of Graham et ah vs. the W. C. road should be constructed and completed at the earliest prac¬
V. M. & G. S. R. R., which was broufiht for a foreclosure of the ticable date, on the terms authorized by the decrees of the
Circuit Court rof Alexandria, and in the action of John S. Bar¬
several mortgages on the road and for its sale. The Baltimore
bour, receiver, in entering into the contracts, we hereby request
& Ohio Railroad Company owns nearly the whole of the bonds
he Circuit Court of Alexandria to extend the time of the con¬
of the ^Lynchburg & Danville Road, which was built by it,
tracts,
to confirm the action of the receiver, and to take any
and is largely interested as a bondholder in other securities of
’urtlier
action to validate the scheme of construction of said
the Virginia Midland Road.
road.
Mr. Wm. F. Frick and Mr. John K. Cowan, representing the
The Charlottesville & Rapidan Railroad is a projected line
Baltimore & Ohio Railroad, presented a full statement of the
from Orange Court House to Charlottesville, now under con¬
obligations of the W. C. V. M. & G. S. Railroad, and its present
condition and entire indebtedness on the mortgage bonds, as struction, which,when completed, will furnish a continuous con¬
were

brought.

It

federal courts had

was

no

,

follows:

-

which

nection between

Alexandria




and

Lynchburg. The meeting
under Mf*

inally adjourned subject to the call of the chairman,

is $11,351,832, of
Wilmer’s resolution.
$493,764 is the floating debt and the balance the1

The entire indebtedness of the company

20

THE CHRONICLE.

[Vol. xxix.
OOTTON.

%\xt (Commercial jinxes.

Thursday, P. M., July 3, 1879.

EFnOMET

COM MERCIA L

Thursday Night,

July 3, 1879.
being the national holiday, business is entirely sus¬
pended, and will also be in great part on Saturday, so that the
week has been a broken and dull one. The Exchanges will not
re-open until Monday, the 7tli. Congress adjourned on the 2d,
having passed most of the necessary appropriation bills, and
abolished the import duty on the sulphate of quinine. This
latter act probably marks the beginning of a radical change in
our tariff policy.
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given :
To-morrow

1879.

1879.
June 1.

July 1.
Pork
Beef

..

Lard

Tobacco, foreign....
Tobacco, domestic...
Tobacco, seed leaf..
Coffee, Rio
Coffee, other
Coffee, Java, Ac
Sugar
Sugar

bbls. 114.465
tee. and bbls.
527
tcs. 154,181
bales*.
20,493

1,129
120,261

38.659

32,297

eases.

bags.
bags.
mats.
hhds.
boxes.

Helado

Molasses, foreign t
-Molasses, domestic..
-

Hides

Cotton
"Rosin

Spirits turpentine.-.
Tar

Rice, E. I
Rice, domestic

2,825
..

bags.

6,500

.bbls. and tcs.

1.200

hags.

7,183
12,000
4,667
27,158
22,005

linseed

Saltpetre
Jute
Jute butts
Manila hemp

bags.
bales.
bales.

July 1.

92.069

89,725

-

2,936

61,806

21.775

16,963
75,972
59,600
61,117
85,632

27,325
bags, Ac. 645,600
hhds.
3,286
hhds.
9,158
bbls.
8,000
No. 137,100
bales. 128,130
bbls.
20,859
bbls.
1,205

Sugar

1878.

21,167
35.809

17,869

37,847
66,300

104,411

67,391

None.

67.686

75,224

25,872
769,500
2,782
8,484
10,000

38,800
11,225

The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is given below.
For the week ending
this evening <July 3), the total receipts have

reached 3,008
bales, against 6,293 bales last week, 7,188 bales the previous
week, and 6,612 bales three weeks since; making the total
receipts since the 1st of September, 1S78, 4,423,911 bales, against
4,243,264 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 180,647 bales.
The details of the
receipts for this week (as per telegrkph) and for the corresponding
weeks of four previous years are as follows:
•
Receipts this w’k at

1879.

•

1878.

1877.

1876.

1875.

New Orleans

802

1,293

1,117

2,973

Mobile

146

618

120

550

83

45

185

860

363

823

Charleston
Port

Royal, Ae

870

*

1

12

41

27

95

232

1,303

986

828

433

713

203

342

360

9

28

996

1,22S

1,352

2,421

11

13

6

21

137

1481

o

North Carolina

169

259

18

Norfolk

128

358

1,181

846

594

13

69

39

31

43

3,008

5,949

6,102

8,661

6,531

Savannah
Galveston

497
■

Indianola, Ac
Tennessee, Ac

-

Florida

City Point, Ac
Total this week

...

....

....

3,206

132,800
689
4,068
-

139,600

158,338
21,239
2,234
2,943
4,200

2,600
207,000
115,309
31,670
3,193
1,650
4,300
1,150

4,350
26,693

Total since

Sept. 1. 4,423,911 4,243,264 3,944,758 4,064,770 3,464,4G5

The exports

for the week ending this evening reach a total of
which 7,379 were to Great Britain, 1,000 to
France, and 889 to rest of the Continent, while the stocks as
made up this evening are now 180,348 bales.
Below are the
stocks and exports for the week, and also for the corresponding

9,268 bales, of

week of last

season:

98,700

14,500
5,208
78,995
40,239

7,550
3,754
16,434

58,534

Week

EXPORTED TO—

ending
July 3.

Great
Britain.

The

Conti¬

France.

nent. ;

Total
this

Same

Week.

1878.

STOCK.

Week

1879.

1878.

499
499
7,929 22,198 24,706
provision market has shown considerable firmness during N. Orl’ns
Mobile..
2,551
1,492
the week ; the movement has been of fair proportions, and a
Oharl’t’n
118
487
satisfactory state of affairs has generally prevailed. To-day 3avan’ll.
2,396
2,027
there was a reaction, and much easiness prevailed ; old mess Galv’t’n2,441
4,405
290
1,000
1,922
6,081 131,051 107,188
3,212
pork, however, was quite active at the new figures of $9 50(5) N. York.
4,102
4,102
1,593
1,533
$ 10, latter for choice ; new quoted at $10 25 ; July and August Norfolk-100
Other*..
1,355
1,455
1,020 18,000 17,000
were quoted at $10 10@$10 20,
September at $10 15@$10 25.
Lard, also, was lower, at 6*37/£c. for prime western, and C*25c. Tot. this
889
week..
1,000
7,379
9,268
15,030 180,348 158,838
for prime city; for future delivery August sold at G*42%@
6*45c\, September quoted at G*50c., and October 6*50(S’6*60c.; Tot. since
Sept. 1. 2020,800 410,687 916,050 33 47,537 32S9,310
refined quoted at 6*75c. Beef was higher and firm, with sales
The exports this week under the head of “other ports” include, from Balti¬
of extra mess at $11(§;$12. Bacon was dull and quite irregular
at 5*15@5*20c. for long clear. Butter and cheese have latterly more,^ 00 bales to Bremen; from Boston, 1,355 bales to Liverpool.
From the foregoing statement it will be seen that, compared
been quiet, and some reduction in prices has been made.
with the corresponding week of last season, there is a decrease
Baw sugar has met with a fair demand at steady prices ; fair in the exports this week of 5,762 bales, while the stocks to-night
to good refining at 6%@6/£c.
are 21,510 bales more than they were at this time a
year ago.
....

...

....

....

.

....

....

....

....

....

....

....

....

....

«...

....

....

'

'

....

....

....

....

....

....

♦

II h<ls.

Receipts since July 1, 1870
Sales since

Stock July 2, 1870
Stock July 3, 1878
Stock July 5. 1877

Boxes.

2,211
2,008
85.835

Bags.

Me la do.

10,086
....

250

74,473

27,325
11,305

674,464
138,202

105,571

10.974

243.500

In addition to aoove exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
us

3,286
680
'

1,680

Lambert, 60 Beaver street:

Refined has been in good demand and firm, with crushed still
Bice has been in better demand latterly, and has
ruled firm. Molasses has been in moderate demand and
steady ;
50-test refining has remained at 24c. Bio coffee has sold

Oil

July 3, at—

Naval stoies have continued without features of interest.

Spirits turpentine, however, at the close is lower, owing to the
prolonged inactivity ; quoted at 27c.; common to good strained
rosins quoted $1 30(51 35.
Petroleum lias been advancing,
owing to the refusal of refiners to grant offerings ; for refined,
in bbls., here 7%c. was bid
to-day and refused. Metals have
been quiet, but ingot copper remains firm at 16%(d>16%c.
for

Lake.
A

good business has been done in ocean freight room, par¬
ticularly in berth tonnage ; the demands have been principally
from the grain trade. Petroleum vessels have been less
active,
owing to the advanced pric e of the product. Late engage¬
ments and charters include : Grain to
Liverpool by steam, 4d.,
60 lbs.;
grain to London'by steam, 5d.t
provisions,
25s.<S37s.
Gd.;
60 lbs.; ao. to Hull, by steam, 4%@4'%(54%d. for this and
5%d.
for next week ; do to Bristol, by steam, 5tL, GO
lbs.; do. to
Cork for orders, 4s. Gd.(g4s. 7%d. per
qr.; do. to Hambilrg or
Bordeaux, 4s. 3d.; do. to Marseilles, 4s. Gd.; refined petroleum
to east coast of Ireland, 3k. 3d.
per bbl.; crude do. to Havre,
do. to Passages, 4s.: refined do. to Limerick, 3s. Gd.




France.

pool.

only

moderately on the whole, but closes very firm for the better
grades ; fair cargoes still 13
The market for Kentucky tobacco has remained
quiet, and
the sales for the week aie only 350 hhds., of which 75 for
export and 275 for home consumption. Prices, however, are
quite firm ; lugs are quoted at 3(a5c., and leaf 5;%><512c. Of
«eed leaf, also, the movement has been moderate, sales
aggre¬
gating only 584 cases, as follows: 300cases crop of 1877, Penn¬
sylvania, 9 to 35c.; 150 cases crop of 1877, New England, 13 to
20c.; 55 cases crops of 1872-76, .State, and 79 cases crop of 1876,
State, private terms.

Shipboard, not cleared—for

Liver¬

New Orleans
Mobi le

Charleston
Savannah

Tele gram
not re ceived...
None.
None,
None,
None,
.Tele gram
not re oei ved...
None.
None.
None.
500
None.
None,
None.
None.
Not
reeeiv Oil
None.
None.
500
1,500

500
None.

Total

1,500

..

Included in this amount there are
destination of which we cannot learn.

Mobile.

| 1877.

Other..

361,241;
514,168
704,546
561,292
147,510
56,417
134,824
-558,497
212,191

Phis yr.

4420,903

Char’n*
Sav’h..

Gal v.*

■*
.

N. Yurt

Florida
N. Car

Norf’k*

1365.164
411,312
457,359
593,447
4

500

bales at presses

18,093

2,000

24,981

for foreign ports, the

usual table showing the movement of
from Sept. 1 to June 27, the latest mail dates:

RECEIPTS SINCE
SEPT. 1.

N.Orlns 1170,184

None.

._

our

the ports

1878.

.

None.

*

following is

1,896
2,441

•

.

1,000

Other ports

Pouts.

2,551

...

Galveston
New York

The

Foreign

Stock.

Total.

wise.

...

None.

...

cotton ai all

Leaving

Coast¬

Other

44,4881

142,707

14,257
142,512
505,671
160,368

EXPORTED since sept.

Great
Britain.

„

France.

•

Other

Foreign

667,730 215,619 3 45,578
57,954 35,583 29,677
150,410 57,140 176,113
205,032 23,616 232,677;
223,518 59.478 6 4,010
237,812 12,995 2 4,856
135
13,756
1,967
44,472
2,050 18,589
713
193,829
5,098

218,878

496

18,398

1 TO—

Stock.
Total.

1228,927
123,214

383,093
461,355

317,006

13,581
2,624
629

3,310
2,742

275,693 131,551
15,858

65,111

323

199,010

1,650
17,500

237.772

2013,421 409,687 015,1613338.209 186,910
•i-

Last yr..

1237,315 2104,683 493.216 676,381 3274,280 173,689

*
Under the head of Charleston is included Port Royal, &c.: under the head of
Galveston is included Indianola, Ac.; under the head of Murfjlk. is included
City

Point, Ac.

July 5,

THE CHRONICLE*

1878.1

21

Exchange adjourned on the evening of Wednesday
to the morning of Monday ; consequently, the week under review
embraces the business of only four days, with trade and specula¬
tion both seriously impeded by the near approach of the national
holiday. Cotton on the spot was quoted l-16c. higher on Satur¬
day and again on Monday, but on Monday the advance was not
fully maintained at the close, and there was a reduction of 1-lGc.
on Tuesday, with Middling
Uplands at 12 7-16c, at which the
market closed steady on Wednesday.
A revival of demand at
Liverpool from Manchester spinners was the main cause of the
advance, but there was very little done for export. For future
delivery, the speculation has been quite sluggish. The bears
and bulls have alike seemed disposed to close accounts on the
eve of the closing of the Exchange for three business days.
The
higher prices of the week were made early on Monday ; the low¬
est early on Tuesday, repeating about the course of values last
week. On Wednesday there was a slight advance, but a very

The following will show the range of prices paid
and the closing bid and asked, at 3 o'clock P. M., on
the past week.

limited business.
The total sales for forward

The Cotton

0826.1

for futures,
each day in

Futures

Saturday.

Monday.

Tuesday.

Market.

Firmer.

Lower.

Irregular.

For

Day.

High.

For

Closing.
Bid

Low.

A$*

Day.

High.

Loic.

For

Closing.

Day.

Closing.

Bid. As* High. Lore.
Bid. Ask
12*43 45 12*41-12*38 12 38 39

Closed.

12-60-12-50 12 55 —
12*55-12*54
12-68-12-61 12*64 —
12-50-12-41 12*46 11-60-11-53 11*57.58
11*18-11*12 11*13 14
11*10-11*06 11*05 —
11*14-11*09 11*11 12
11*20-11*20 11*46 17
11*31-11*31 11*26 30
12*55
Weak.

Futures

Wednesday.

Thursday.

Friday.

Market.

Firmer.

Holiday.

Holiday.

July..
“

.

s.n.

August.
Sept’b’r
October
Nov’ber
Dec’ber

Jan’ry
Feb’rjr..
.

Mareli.
Tr. old.

12-59-12*47
12*55-12*55
12*69-12*52
12*54-12*36
11 63-11*48
11*16-11*08
11*09-11*11
11*08-11*03

—

—

—

.

—

—

.

—

—

—

—

—

—

12*51 52 12-53-12*50
12*36 — 12*39-12*32
11*47 49 11*47-11*44
11*06 08 11 07-11*05
1100 01 11*02-11*00
11*02 04 11*05-11*02
11*08 10
—

—

—

12*51
12*34
11*45
11*05
11*00
1103
11*09
11*21
12*40

-

—

—

-

—

1*2 45
Weak.

—

52
35
46
06
OL
04
13
25

Steady.

'

delivery for the week are 148,500
bales, including — free on board. For immediate delivery the
total sales foot up this week 2,434 bales, including 300 for export,
2,134 for consumption, — for speculation, and — in transit. Of
the above, — bales were to arrive.
The following tables show
the official quotations and sales for each day of the past week:
NEW ORLEANS.

UPLANDS.

June 29 to

Sat.

July 3.

Sat.

Mon Toes

Ordin’y.$tt>

11

1U16

11

Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd’g

113a
113t

U7i6

11%

..

Wed

Ordin’y.$B>

Strict Ord.
Good Ord..
Str. G’d Ord
Low Midd’g
Str. L’w Mid

11

;

11%
113a

.

12%

12%

11%

127T« 12%
12*16 12%
12%
121516
13%
13316
131316 1370
1413ir 1470
Th.

Fri.

11%
11%

.

11

%

1178
>»

>»

12%

03

Q

o

w

X

:

:

12’ic
L20ib
12%

s

I
J

J
j

£3

14Hi6

STAINED.
fl>.

Low

o

o

X

X

129io

H®16
h916

Con-

Ex¬

Tran¬

Spec-

sit.

port. sump. ul’t’n

m

.

„

....

300

.

Thurs
Fri.

127ie
1291Q
127a
13%

1313j0
1413i0
Fri.
•

•

•

•

•

©

o

X

X

Til.

Fri.

275
971
521
367

FUTURES.

Total.
275

....

....

....

....

35,500
30,800

300
800

41,800
31,400

1,700

2,600

2,434 148,500

5,400

971
521
06

/

300| 2,134

....

....

500

...12 ♦'O

3 400

1147

1,500
8,700

12-67
1-68

2,H0
1,700

1,000

1148
11 49

100

12-69

800
900

300
100
100

Bales.

Cts.
2.300....i... .11-45
11-48
2,500

200 8.n.7tu. 12-42

83.300
For September.
100
12-32

...

.

F^r December.
Bales.
Cts.
2,100
...1100

11 50
11-51

1107
11-09
11-10

2,300

11-59

3 50 >

12-36

1.100
100.

11-60
11 61
1162

For
300

1163

200

2.0;M).

...

2,300.

12*40

800.

12-41
12*42

400

100
100

400

For November.

12-44
4 500........ 12-45

1,000
1,60 »

11-05
11 06

2,600

12-46

100

3 000

12-47

8.000
300

1,100

11-10

4,000

5,6 0
3,100
1,000

12-50

11-11
11-12
11 13

For
700.

1 100
100

12*53
la-54

12"55
12-56
12-57

600

12-61

1,300
2,400

12-62
12-61

6L800
For October.
500.
11-44

11-04

11-14
.

.

11 05
11 08

.

.11-11

12-49

..

11 ft»

11 09

500
800
400

12-48

12-51

1103

.

.1-10

6 700

12-51

January.

100.

5,000

100
200
500
800
400
900.
800
100

...11-15
11 18
11-17
11-18

9,900

11-12
11-13
1114

....

11-20

700

For March.
100
11-23
100
11-31
200

following exchanges have been made during the week :
*10 pd. to*excli. 1,500 Sept, for July.™ I
*90 pd. to exch. 500 Oct. for Sept.




July for Aur.
July for Aur.

100

1

July for 100 July

—

—

—

-

—

—

—

—

.

—

—

—

—

-

—

—

—

—

_

—

—

.—

—

.

—

—

—

—

-

—

—

—

.

—

—

—

—

_

—

—

—

—

-

—

—

—

—

_

—

—

—

—

—

_

—

—

,—

—

—

_

—

—

—

—

_

—

—

-

—

.

—
.

—

-

—

—

—

.

—

—

—-

To 2 P. M.

supply figures we leave un¬
changed this week, as we have received so few of our reports.
We shall publish the table for two weeks in our next issue.
Our Bombay and Alexandria figures have also failed to reach,
us to-day, and therefore appear unchanged.
The Visible Supply

Cotton,

of

a. n., even.

*12 pd. to exch. 200 July for Aug.

as

reported last week, is

as

-

Stock at Liverpool
Stock at London

636.000

45,750
.

1878.

1877.

1876.

818,000 1,009,000 1,012.000
46,000
11,750
52,000

681,750

829.750 1,055.900 1,064.000

107 250

218,500
6,500
35,500
7,000

218,500
10,000

47,250

73.250

58,500
12,250

11,500

Stock at Marseilles

2,250

Stock at Barcelona

40,000
3,000
24,750
42,000
1,250

52.000

16,500

176,000
8,000
88,750

400

6.500

Stook at other conti’ntol ports.

7,500

26,750

7,750
16,000

15,000
54,250
61,250
15,500
19,000
25,500

Total continental ports....

228,400

418,750

462,750

463,250

Total European stocks..

910,150 1,243,500 1,517.750 1,527,250
244.000
356,000
405,000
132,000
227,000
187,000
12,000
19,000
21,000
186,998
173,737
256,914
278,257
14,660
13,357
20,589
35,430
200
3,000
4,000

..

India cotton afloat for

57,250

Europe. 332,000
Amer’n cotton afloat for Eur’pe 103,000
12.000
Egypt,Brazil,«fec.,aflt for E’r’pe
Stock in United States ports ..
8tock in U. S. interior ports...

United States exports to-day..
Total visible

supply

....

1.561,808 1,823,794 2,397,253 2.457,937

Of the above, the totals of American and other descriptions are aa
follows:
A mencan—

American afloat for

Europe....

United States stook

Unitod States interior stocks..
United Statos exports to-day..

East Indian,

103,000
186,998
14,660
3,000

200

642,000
379,000
227,000
256,914
20,589
....

586,000
337,000
187,000
278,257
35,430
4,000

984,658 1,323,294 1,525,503 1,427,687

Brasil, etc.—

Liverpool stook
London stock

Continental stooks
India afloat for Europo

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

Total visible supply

February.

The

*09 ixl. to exch. 700
"10 pd. to exch. 200

—

12- =5
Dul1.

Total American

200
100

..12-.* 0

12-51
12-52

...

1,300

23,100

12*43

200

...12-51

....

.....

..

_

Visible Supply, &c.—Our visible

5,700

11-07
11 08
11-09

2500

2,100
2,200
1,8) i0

1M-38
12 89

12-52

1,-00...,

12 37

5 600.

2 7 0.

For A ugu8t.

4,000.

5,100

12-55

—

355,000
132,000
173,737
13,357

600
500.

800.

—

649,000

300

12-35

7.800

08
02
05
15
26

—

186,000

800

3,600

12-59
12 00

48

—

491,000

1106

900.
12-53
100 R.D. 1st. 12*M

100

—

Bid. Ask

-

Continental stooks

2CC

400
600

12-56
12-58

52

Low.

Closing.

—

11-03
1103
1101

11-53
11- A

12-88
12-34

st 12-55
12 55

..

1,100
1,000

800
4.R00

12-54

12*51
12*36
11*47
11*07
11*01
11*03
11*12
11*22

—

Day.

Bid. Ask High.

Liverpool stock

11 -(i\

12-fiO
12 52

s.n.

—

Low.

For

Closing.

1101

806

11-55
ll*f 6
11-5 <
11‘ 8

100
500
B00
500
200

*

Deliv¬
eries.

Sales.

12 38
12-39
12-40
12-41

lOOrt.n

12*41 42

Stock at Amsterdam

Cts.

1,100

Tr. ord.
Closed.

Stook at Bremen

12-61
12-65

......

—

day.

1,900
3,OX)

12-49

.

—

day.

Bales.

100...,

—

Stock at Hamburg

For July.
Bales.
Cts.

200
100

-

Holi¬

delivery the sales have reached during the week
148,50 ) bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :

12*48

—

Holt-

For forward

1247

12*42-12*39
12-42-12*42
12*56-12*53
12*39-12*36
11*50-11*47
11*09-11*08
11*03-11*00

Total Great Britain stock

\ Holi days. \

Total

100
100

High.

1879.

)....

.

12-43

Bid. As*

8took at Antwerp

Sat.. Q’t, st’dv, i16 adv
Mon
Dull, ea’r, i]6adv
Tues. Dull at lie (lee...
Dull
Wed

1,600

Low.

Stook at Rotterdam

SALES OF SPOT AND TRANSIT.

CLOSED.

800
200

High.

Day.

12%

MARKET AND SALES.

SPOT MARKET

100
900

For

Stock at Havre

Mon Toes Wed

1178
12%

1170
12%

Th.

12%

114*16 1170
123lfl 12%

12%

11%

Closing.

03

13i316
14i3l6

i%

11*16
111*16
12318
12*16

12>

n*i6

October
Nov’ber
Dec’ber

Feb’ry.
March..

12%
12%

113i0

Sept’b’r

Day.*

follows:

13131Q
14l316

113i6 11%
11*16 11%

August.

11%

•

13%

1

Middling
Middling

a

s.n.

11® 16

•

13%

Sat.

Good Ordinary
Strict Good Ordinary

S3

...

Jau’ry.

Wed

11%
11%

“

Mon. Toes

12716 12716 12%
12916 12916 12%
12 78
127g
121516
13%
13%
133i0
131316 131316 137a
141316 141316 1470

12%

Midd’g Fair 13t%a
Fair

12%
12%

1170
12%

11%
11%
1178
12%

c3

12%

Good Mid.. 123a
Str. G’d Mid 13

11%

Sat.

;
;

12

12*lfl
Middling... 127i6

11%

H®16
11016
1H%6
1231g
125i6

Wed

Fri.

Tl*.

Mon Toes

11%
11%

Hla16 11 3a
12
12iie 12
12%
12316 12%
Str. L’w Mid 12516 12%
12516
Middling... 12716 12%
127iq
Good Mid
12%
121316 123a
Str. G’d Mid 13
13116 13
Midd’g Fair 131116 133a
131116
Fair..../... 141116 14 3a
1411J6

TEXAS.

J uly

For

Prioe Mid. Upl., Liverpool

145,000
45,750
42,400
332,000

12,000

169,000
11,750
63,750
244,000
12,000

367,000
46,000

83,750
356,000
19,000

426,000
52,000
126,250

405,00^
21,000

577,150
500,500
871,750 1,030.250
984,658 1.323,294 1,525,503 1,427,687

1,561,808 1.823,794 2.397,253 2,457,937
6%d.
6d»
6% ad.
65i6d.

These

figures indicate a decrease in the cotton in sight to-night
261,984 bales as compared with the same date of 1878, a de¬
crease of
835,445 bales as compared with the corresponding date
of 1877, and a decrease of 896.129 bales as compared with 1876.
of

At

the

and

Interior Ports the movement—that is the receipts

shipments for xthe week, and stocks to-night, and for the
corresponding week of 1878—is set out in detail in the following
statement:

THE CHRONICLE.
Week ending July 3, ’79.

Receipts Shipm’ts
345
420

25
72

Augusta, Ga.....

Columbus, Ga....
Macon, Ga..;—

•

•

-

Stock.

2,626
948
290

....

.

ending July 5, ’78.

Week

Receipts Shipm’ts Stock.
187
136
14
168

859
278
245
295
121

2,505

1,305

5,017

657
695

1,280

37
14

90
58

1,875

295

1,427

Nashville, Tenn..

110

62

5,720
1,195

56
669
79

Total, old ports.

553

2,402

12,811

1,309

3,103

11,563

*45
209
242
1
23
2
63
22
495
299

67
287
257
1
42
15
110
8
389
220

38
63
71
103
253
102

Montgomery, Ala
Be.lma, Ala

Memphis, Tenn..

Dallas, Texas....
Vicksburg, Miss
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
Bt. Louis, Mo
Cincinnati, O
.

202
121
45
27
....

....

....

610

799

648

51
158
207

39
15
85
927
249

5,958
1,492

1,952

1,678

2,460
3,730

740

1,726

9,577

3,353

3,074

8,112

1.293

4,128

22,388

4,662

6,177

19,675

14
O

Tjtal.new p’rts
Total, all

8
159
401
422
50
98
26
502
171
290

*16

8
180
70
25
25

Jefferson, Tex....
Shreveport, La ..

157

251
393

The above totals show that the old interior stocks have
decreased during the week 1,849 bales, and are to-night 1.248
hales more than at the same period last year. The receipts at the
4Mime towns have been 756 bales less than the same week last

year.
Receipts from the

Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the

following:
RECEIPTS FROM PLANTATIONS.

Week

ending—

Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns

90,947

83,206 169,291 192,465 165,619

44

16

23

44

30
«

9,390

44

13

44

20

44

27

8,526
8,526
6,519

14
21

44

28
4

Apr.
44

11

44

18

44

25

2

May
44

9

June

1879.

1879.

44

44

44

1878.

1878.

50,742
44,537
32,366
30,397
26,287
21,183
18,010
26,641
16,560
17,309
16,288
12,147
9,669

7

Mar.

1877.

1877.

82,264 78,490 165,747 169,636
75,723 60,202 158,041 146,653
65,470 60,698 151,199 131,795
59,886 54,283 140,649 119,991
51,391 44,851 133,363 108,633
39,016 40,187 128,411 95,979
38,856 36,183 117,074 89,142
31,196 22,283 107,534 75,550
24,252 19,031 97,696 65,770
20,097 19,897 86,376 56,433
19,732 16,673 79,009 46,305
18,220 17,113 67,786 39,025
12,380 11,089 57,509 34,154
6,612 52,154 29,315
11,231
10,721
7,188 45,769 23,287
6,879
6,293 35,811 21,240

The above statement

1877.

1878.

1879.

46,855 72,477 78,447
159,418 40,993 59,435 72,289
141,612 24,660 52,740 42,396
131,463 23,555 50,612 50,549
116,879 15,737 48,082 39,699
107,005 13,897 40,033 34,977
91.966 13,058 26,362 25,148
87,294 15,304 32,019 31:511
7,020 17,604 13,5*51
78,9(52
71,546
7,471 14,472 11,615
7,600
4,968 10,760
59,249
9,604
51,429
4,780
8,853
7,882
42,198
10,940
7,509
37,570
6,461
3,171
6,392
1,471
32,429
4,693
4,065
29,306
2,141
2,210
25,223
4,832
«...

....

....

lowest 63.
and ninety

Weather Reports by

The rainfall for the month of June is two inches

hundredths. Last week the weather was pleasant,
excepting rain on Tuesday and Wednesday, to a depth of on&
inch and three hundredths.
Average thermometer 80, highest

91 and lowest 71.

Nashville, Tennessee.—It has been dry here during the week,
but they have had light showers through the country,
Thermometer about as last week (56 to 87).
is needed.

and

more

Memphis, Tennessee.—Rain has fallen during the past week on*
day, to a depth of twelve hundredths of an inch, but the rest
of the week has been pleasant.
The crop is developing promis¬
ingly, and the fields are clear of weeds. The thermometer has
averaged 79, the highest being 94, and the lowest 65.
Last week it rained on two days, the rainfall reaching one inch
and nine hundredths.
The crop was growing finely.
Average
thermometer 77, highest 93, and lowest 63.
Mobile, Alabama.—It has been showery four days of the pastweek, the rainfall reaching sixty hundredths of an inch. The
crop .is
developing promisingly.
Average thermometer 81,
highest 93, and lowest 73. We have had a rainfall during the
past month of two inches and thirty-five hundredths.
Montgomery, Alabama.—We have had rain on three days the
past week, the rainfall reaching thirty-six hundredths of an
The crop is developing finely.
inch.
Average thermometer, 82.
There has been a rainfall during the past month of three inches/
and twenty-two hundredths.
Selma, Alabama.—Rain has fallen during the past week on one
day. The crop is developing promisingly, and the cotton plantlooks strong and healthy.
We are having fine cotton weather.
Madison, Florida.—There has been no rainfall the past week,,
♦he weather having been warm and dry. The thermometer has
averaged 77, wi h an extreme range of 72 to 82.
Macon, Georgia.— It has rained during the week on one day.
Average thermometer 77, highest 93 and lowest 64. The rainfall
for the month of June is three inches and ninety-eight hun¬
one

.

dredths.

Columbus, Georgia.—Rain has fallen during the week on one
day, but not enough to do much good. The days have been
warm, but the nights have been cold, the thermometer averaging:
75. The rainfall for the week is sixty-one hundredths of an inch,
and for the month three inches and forty-one hundredths.
,
Savannah, Georgia.—It has rained here on one day, the rainfall
reaching one inch and thirty-two hundredths, but the rest of the
week has been pleasant.
The thermometer has ranged from 69
to

Nights have been cool.

93, averaging 80.

Augusta, Georgia.—We have had light rains on three days,,
but the rest of the week has been pleasant.
Accounts are un¬
favorable, and the crop is needing rain badly, the rain we have
had this week not being enough to do much go >d.
The ther¬
mometer has averaged 81, the highest being 93 and the lowest
66.
The rainfall for the week is one inch and one hundredth,,
and for the month of June

inch and twenty-one

one

hundredths.

Comparative Port Receipts and Daily Crop Movement.—

shows —

receipts from the plantations since Sept. 1 in
1878-9 were 4,440.474 bales; in 1877-8 were 4,242,073 bales; in
1876-7 were 3,931,969 bales.
2. That although the receipts at the out ports the past week
were
6 2H3 bales, ’he actual movement from plantations was
only 2.2 0 bales, the balance being drawn from stocks at the

the

Telegraph.—The weather during the

to have been unusually favorable
More rain has fallen in Texas,
and the crop there is now reported as doing well.
Galveston. Texas.—We have had showers on two days of the
past week, but not enough yet, although there are indications of
more.
M st sections of the State have had rain, and cotton is
doing well. Corn will be short. The first bale cotton of this
year’s growth was received July second from Dewitt county, and
sold at auction, third inst., for eighty do 1 rs ; classes middling;
weight three hundred and eighty-six pounds. Another new bale
from Dewitt County will arrive to-morrow (fourth).
The ther¬
mometer has averaged 87, the highest point touched having been
94 and the lowest *79.
The rainfall for the week is twenty-nine
hundred tb<s
a
inch and for the m nth of June two inches
t*nd twenty-three hundredths.
Tndiarioia, Texas. - Telegram not received.
Coi»-c
(/, 7ex is.— Telegram not received.
Dallas. 7exas.— Telegram not received.
Brenham, Texas.—Telegram not received.
New Orleans. Louisiana.—Telegram not received.
Shri report, La.—'I lie weather during the week has been
fair, the thermometer averaging 8 , and rang ini lrom 67 to 95.
The rainfall is seventy-six hundredths of an
River four Let.
past week appears in general
for the development of cotton.

inch.

Vicksburg, Missi sippi.—Telegram not received.
Columbus, Mississippi. — V\ e have had rain this week, but not
enough to do much good. • '• he thermometer has averaged 84,
the highest being 90 and the lowest ?8.
Corn is suffering se¬
verely, nd cotton slightly, from drought. Cotton has deteri¬
orated in this section during June.




Little Rock, Arkansas.—During the week just closed four'
days have been clear and two days cloudy, with rain on Friday
(27th) last, the rainfall reaching - ninety hundredths of an inch..
The thermometer has averaged 77, the highest being 92 and the

Charleston, South Carolina.—Telegram not received.

1. That the total

nterior ports.
Last year the receipts from the plantations for
ame week were 4,832 bales, and for 1877 they were
bales.

[Vol. xxm-

A
as

comparison of the port movement by weeks is dor, accurate,,
the weeks in different years do not end oil the same day of the

other standisgN
reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
month.
We have consequently added to our
tables a daily and monthly statement, that the

PORT RECEIPTS FROM SATURDAY, JUNE

New
of
Or¬
we’k leans.

D’ys

8at..

SO

Mon

151

28, ’79. TO THURSDAY. JULY 3, ’79 ..

Char¬ Savan¬ Galleston. nah. vest’n.

Mo¬
bile.

Wil¬

Nor¬
folk.

12

28

18

100

15

103

233

26

Pues

56

21

2

105

104!

46

Wed

11

5

13

6

62:

18

Tkur

504

20

13

6

70

20

Tot..

802

146

45

232

497

12S

Th»-

luovt-menr,

Monthly

Receipts.
8ept’mbT

288,848

93,492

October..

689,264

578,533

Novemb’r

779.237

822,493

Decemb’r

893,664
618,727
566,824

900,119

January
February.
March.

303.955

689,610
472,054
340,525

167,459
84,299
29,472

197,965
96,314
42,14*.

.

April
May

..

..

..

June..
Tot. Jn. 30

1876.

1877.

1878.

48
30

....

9

....

9

r ha*

271

1,548

1,149

3,008

r*>

follows:

September 1.
1874.

1875.

236,86>

169,077

134,37o

675,26
901,39.
787,76

610,31<

5 16,968

-

449,681
182,937
100,194
68,939
36,030

658
343

915

‘

500,68»

188-

156

....

'

each month «»ncM S-nt
Yeai Beginning

Total,

ton.

O
....

All

ming¬ others.

•

1873.

115,255355,323-

163,593
92,600

251,433
133,598
81,780

576,103
811,668
702,168
482,688332,703
173,986
127,346

42 234

56,010

59,501

740,111

821,177
637,067
479,801
300,128

•

676,29*
759,03O
444,05-.
383,324

4,421,749 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741

Perc’tage >f tot. port
receipts Juno 30..

97*52

9756

96*78

98-85

98*22

receipts ar the
1877 and 481,994

Tbit* statement shows that up to June 30 the
ports this year were 183,503 bains more than in
tales more than at til*- same time iu 1876
By
>bove totals to June 30 the daily receipts since

addin r to the
that time, w&

July 5, 1879.

exact comparison

.■hall be able to reach an
Cor the different years.
1878-79.

1877-78.. 1876-77

1875-76.

ments to June 26,

3....

2,044

4....
6....

1,886
1,044
1,557

44

7....

833

44

8....

44

9....

1,743

44

10....

954

44

5....

44

44

11....

1,142

44

12....

875

44

13....

1,060
1,021

44

14....

44

15....

44

16....

2,359
2,396
1,243
1,704

S.

1,170

2,192
1,505

19....

449

44

20....

2,097

44

21....

869

1,581
1,210
2,786

44

640

724

1,121
1,186

719

3,845
1,987
1,899
2,034

607

1,599

846

904
8.

25....

986

1,548
1,431

44

26....

194

719

1,465
1,114

44

27....

2,603

537

722

44

28....

188

1,542

506

29

931

8.

...

T’iJ’ne 30

July 1—

8.

658

30....

8.

3,107
1,614
1,165

24....

44

784

l,0/o
1,837
1,375

44

44

1,596

8.

8.

515

2,946

8.

1,385

**4

,

8.

3,029
2,241
3,107
2,921
1,463

1,102

1,126

23....

2,003
2,562
1,570

2,149
1,543

1,360

S.

22....

1,209

1,584

8.

18....

44

17....

1,925
1,312
1,528

8.

3,061

2,279

44

2,714
1,110

1,812
1,247
1,531
1,186

2,686
1,862
1,920

662

8.

.

2,309

8.

1,773
1,186

44

2,821

2,409
1,401

8.

1,578

>

8.

2,115
2,146

2,614
2,978
2,674
2,442

Alexandria, Egypt, June

Since

Exports to Europe (bales)—

4,161

1,352
2,201
1,491

1,892
1,642
8.

3,571
1,684

2,351
1,701
2,643

2,004

1,143
1,257

1,367

1,698

2,974
1,461
2,814

2,044
1,445

1,467
1,946

1,341

8.

1,312

2,034
2,337
1,490

1,894
1,370

2,826

1,026

954

971

854

8.

4,421,749 4,238,246 3,939,755 4,056,109 3,456,872 3,736,741
486
1,456
8.
948
1,073
343

44

2....

271

970

44

3....

1,548

1,176

8.

1,541
1,864

2,518

543

806

650

1,315

4,423,911 4,241,340 3,943,160 4,059,700 3,458,551 3,740,318

Total

Percentage of total
pt.rec’pt8 July 3 ..

This statement shows

96-88

97-65'

9759

98-32

98-89

500

2,000

248,250

403,000

This week

Since
*

8.

8.

5,000
2,000
10,000
2,000
September 1... 1,662,000 2,585,000 2,700,000 2,870,000

This week

2,704

8.

1876.

1877.

1878.

1879.

26.

Receipts (cantars*)—

8.

2,676

2,389

of previous

and for corresponding weeks

1873-74.

1874-75.

44

8.

Shipments.—Receipts and ship¬

Alexandria Receipts and

of the movement

3,400,862 3,677,240
Tot. My 31 4,392,277 4,196,104 3,903,725 4,013,875
3,090
2,784
1,962
1,351
S.
2,269
Junel....
2,627
2,861
2,084
1,254
8.
2....
2,002
M

23

THE CHRONICLE.

|

A oantar is

September 1...

1,000
431,000

98 lbs.

the past week have
all Europe have been

This statement shows that the receipts
been 2,000 cantars, and the shipments to

500 bales.

little change to
report, and but little business is doing. The market is ruling
quiet, no disposition being shown to operate, and no great
increase in activity can be looked for until after the holidays.
Prices are unchanged and nominal.
Bagging has sold only in
jobbing lots, and for the parcels taken 9i@llc. are the figures
paid. Butts have also become quiet, and there is scarcely any
inquiry reported even in a small way, and the close is dull and
nominal, with holders quoting 2$c. cash, and 2$@2 9-16c., as to
Bagging, &c.—We have but

Gunny Bags,

quality and quantity.

9

The Exports of Cotton

from New York this week show an

reaching 3,212
give our usual
table sbowiDg 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, i, 1878, and in the last column the total

increase, as compared with last week, the total
bales, against 1,474 bales last week. Below we

for the

same

period of the previous year.

Exports of Cotton

(bales) from New York since Sept. 1, 1878.
Same

Week ending—

Exported to—
Liverpool

June
11.

June
18.

3,852

2,783

3,852

2,783

June
25.

,

2.

year.

1,922 234,952 314,424
5,682
4,812

* 882

1,922 239,764 320,106

592

268

Havre

date.

July

period
previous

882

Other British ports
Total to Great Britain

Total to

13,895

1,000

592

Total French

1,000

9,102

*

100

115

13,995

9,217

Other French ports

that the receipts since Sept. 1 up to

2,000
464,000

132,571 bales more than they were to the same
290 14,499 20,518
day of the month in 1878, and 480,751 bales more than they Bremen and Hanover...
4,986
2,202
Hamburg
were to the same day of the month in 1877.
We add to the last Other ports
2,835 19,206
'fcable the percentages of total port receipts which had been
290 J.9,536
361
Total to North. Europe
received July 3 in each of the years named.
5,610
First Bale of Cotton at Galveston.—The first bale of Spain, Op’rto, Gibralt’r, &c
All other
Texas cotton of this season’s growth was shipped July 1 by C.
2,398
5,610
Eckhardt & Sons of Yorktown, De Witt county, to Heiden- Total Spain, &c
4,481 2,783 1,474' 3,212 278,905 376,431
heimer Bros, of Galveston. It reached Galveston July 2, and Grand total
was sold at auction July 3 for $80.
Another new bale will
The Following are the Receipts of Cotton at New York,
reach Galveston to-morrow, July 4, also from De Witt county. Boston, Philadelphia and Baltimore for the past week, and since
First arrivals of cotton at Galvestoni n previous years have been September 1, 1878:

*£o-night

;as

are now

follows:

from—

1875.

1874.

1873.

1876.

1877.

1878.

First bale fr’m

July 23.

July 23.

July 16. July 7. July 13.
July 17. July 9. Aug. 1.

De Witt

De Witt

De Witt

De Witt Galveston

County.

County.

County.

County.

July 9.

Brownsville. July 10.
First oth’rbale
Where from,
*

New York.

Receipts

j

Passed through New Orleans at

June30*,

July 17.

which

were

Savannah

This I Since
This
This Since This | Since
week. Sept. 1. week. Sept. 1. week. Sept.l. week. Sept. 1.
Since

„

4,232 158,409
476 125,016
1,040 141,973

11,679
13,477
34,689
2,170

‘“Too

Lavaca

Mobile
Florida...

County.

S.Carolina
N.Car’lina

ei

19,977
92,207

8

40,159

73 143,895

from De Witt

Virginia..
North.p’ts
Tenn., <fcc.
Foreign..

County.

this date.

All the above-mentioned bales

N. Orl’ans
Texas....

Baltimore.

Philadelphia.

Boston.

...

6,520
147,540
7
9,460

840
200

10: 56,458
1,865 133,835
34 104,39S

3,040
24,269

46,075

45

21,018
13,242
53,186

60,680

27,300

27

201

7

175 160,848
401 88,874
fCounty were shipped by a Mrs. Haussman of that county. This year. 5,897 885,156 1,909 356,813
'This year’s bale, as will be seen above, was from the same
759 70,554 1,875 146,737
Last year. 4,729 914,208 2,599i335,008
county, but was shipped by C. Eckhardt & Sons.
Shipping News.—The exports of cotton from the United
Use of Calcutta Cotton in Great Britain.—We are indebted
States the past week, as per latest mail returns, have reached
'to Mr. Henry Hentz, of H. Hentz & Co., of this city, for the
11,247 bales. So far as the Southern ports are concerned, these
following extract from a letter to him from Mr. Samuel Smith, are the same exports reported by telegraph, and published in
The Chronicle,‘ last Friday.
With regard to New York, we
of Smith, Edwards & Co., of Liverpool:
include the manifests, of all vessels cleared up to Wednesday
We may say that our spinners use very little Bengal cotton
night of this week.
.tit any price. It is nearly all used on the Continent.”
Total bales.
New
York—To
per
Liverpool,
steamers
Olbers,
1,779—Celtic,
Bombay Shipments.—The movement since the 1st of January
(additional) 50
1,922
Helvetia, 93
is as follows. These figures are brought down to Thursday,
To Havre, per steamer Harold, 1,000
1,000
“

June 26.
Shipments this week
i

Shipments since Jan. 1.

Great .Conti¬
Great Conti¬
Brit’n. nent. Total. Britain. nent.

1879 4,000 6,000
1878
11,000
1877 15,000 7,000
.1876 33,000 10,000

From the

10,000
11,000
22,000
43,000

223,000
256,000
347,000
523,000

281,000
349,000
357,000
313,000

Total.

Receipts.
This

Since

Week.

Jan. 1.

504,000 20,000
605,000 19,000
704,000 10,000
836,000 12,000

727,000
811,000
969,000
966,000

foregoing it would appear that, compared with last

decrease of 1,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 101,000 bales,
compared with the corresponding period of 1878.

;year,




there has been

a

To Bremen, per steamer Weser, 290
New Orleans—To Liverpool, per ship Northampton,
Norfolk—To Liverpool, per ship Cultivator, 4,102
Baltimore—To Bremen, per steamer Strassburg, 100

Boston—To Liverpool, per steamers
pus,

532

2,602

Semiramide, 152....Cano¬

Bulgarian, 547

are as

particulars of these shipments,

follows:

Liverpool.
New York. .........
New Orleans
Norfolk
Baltimore....

Boston

Total

1,231
11,247

Total

The

290
2,602
4,102
IOO

1,922

arranged in our usual form*

Havre.

1,000

Bremen,
290

2,602

•

•

•

•

4,102

•

•

-

•

•

•

•

•

100

•

•

•

•

....

1,000

....

Total.

3,212
2,602

4,102

390

IOO

1,231

11,247

CHRONICLE

THE

24

[Vol. XXIX.

BREADSTUFF8,give all news received to date of disasters to vessels
Thursday, P. M., July 3,1879. carrying cotton from United States ports, etc.:
Hatteras, steamer, at New York, June 25, from Norfolk, collided with
Prices of flour have rather favored buyers, and this has led
steamship St. John, from New York for Sandy Hook, in the Nar¬
rows, N. Y.. during a fog A. M. June 25, and had a hole stove in
to more activity in business.
Still, the depression has been
her ten feet long and four feet broad; the St. John was uninjured.
Lartington, (Br.)—Bark Septentrio (Nor.) Tolcensen, has been chartered most decided in the better grades from winter wheat, of which
to take remainder, about 450 bales cotton, from Bermuda to New
the supply is ample. The low strong extras from spring wheat
York, ex-strauded steamer Lartington, (Br.) The S. was to com¬
mence loading at Bermuda on June 2G.
This completes the cargo are still not plenty, and rule comparatively steady. The sales
of the Lartington, with the exception of about 150 bales which
Below

we

lost*

were

Baden, ship (1,267 tons register, built at Thomaston, Me., in 1864),
Captain Doane, of and from New Orleans, May 16, with 4,191 bales
cotton, 3,060 sacks of oil eake and 4,800 staves, was abandoned at
sea, June 11.
Crew saved and landed at Falmouth.
CiliNA, ship (from New Orleans, before reported wrecked near Lokken),
broke up night of June 13. The topsides, masts aud 45 bales cotton
washed ashore. It was hoped the remainder of the cargo was still
in the bottom.
C. W. Cochrane. Schr. Annie E. Webb returned to Galveston prior to
June 22 from the wreck of bark C. W. Cochrane, before reported,
with a large anchor, 45 fathoms of chain and a few bales of cotton.

Hera, brig (Ger.), before reported at Galveston, having been ashore, &c.,
having repaired, sailed thence June 28 for Pensacola in ballast.
London, July 1.—The captain of a vessel which has just arrived from
Galveston, reports that on June 17, in lat. 41 N., Ion. —, he passed

of

70 or 80 partially burned bales of cotton, which appeared to be
New Orleans packing, and had not been many hours in the water.

freights the past week have been as follows:

Cotton

Liverpool, steam d. 316® x4 316® x4 3i o® x4 316®X4
d. 3i6®1364 316®1364 316® l364 316®1364
do
sail
® *2*
® *2*
©*12
..c.
"Havre, steam..
do

sail....

.c.

Bremen, steam.
sail

do

....

....®12*

.c.
e.

.

Hamburg, steam. c.
Rail

do

Amfit’d’m. steam

sail

do

....

® Li

® ^2

..

® L>

.

^

i

....

®

....

*2*
2

r..

©

*2

.

®

...

12

a)...

®..

....

L}

©

3

o
M

-

....

:

® Li

*

....®7i0

...

-

.

....©Lj*

®

'

I

-

•

HH

•

hH

.

c.

'a)...

'cb...

©...

®...

J

.d.

®...

...®...

®...

©...

j

.

Baltic, strain...

;

sail

do
*

-

e.

.

....

!

...

.

....

....

Fri

Thurs.

Wednes.

Tr.es.

Mon.

Satur.

Compressed.

Liverpool.—By cable from Liverpool, we have the. following
sales, stocks, &c., at that port :

statement of the week’s

i

i

June 13.

June 20.

38,000
6,000
29,000
5,000
606,000
469,000
55,000

39,000
4,000
30,000
3,000
1,000
636,000
491,000
72,000

41,000

54,000

3,000

4,000
231,000

40,000
5,000

Bales of the week
bales.
Forwarded
Bales American
Of which exporters took ....
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American

31,000
3,000
3.000
591,000
456,000
37,000
19,000

2,000

5,000
315,000

Actual export
Amount afloat
Of which American

| June 27.

277,000
94,000 i

122,000

July 4.

yesterday embraced large quantities of Minnesota clear and
straight brands at $4 25@$5 75. Rye flour has been quiet but
firm. Of com meal the sales have been quite liberal. Yester¬
day, there was no new feature.
The wheat market has been unsettled and irregular, owing
to an effort to continue for July the “ corner ” on spring wheat,
which was felt in the ten days of J une. On. Wednesday, how¬
ever, there was a partial return to a regular market, and a
brisk business. The sales embraced No. 2 spring, $1 05@$>1 06
to arrive and on the spot, No. 3 do. at 94@96c., No. 4 do., 88@
89c., and rejected 76@77c.; red winter, $1 16/6@$1 17 on
the spot, $1 14 for July, $1 08%(Q)$1 08% for August, and
$1 08 for September; No. 2 amber, $1 12@$1 13 for July, the
higher figure for new crop, and No. 1 white, $1 14%@$1 14%
on the spot and $1 10 for August. All accounts agree that th e
crop of wheat will be a large one, but that the foreign demand
will also be very great. Yesterday, there was a good demand
at slightly firmer prices, and the sales included a large line of
ungraded Duluth spring at $1 03.
Indian com was not in full supply early in the week, and
prices advanced %@lc. per bush., the latter for steamer grade,
which was excep ionally scarce ; but on Wednesday most of the
improvement was lost. No. 2 Western mixed sold at 43
43%c., afloat, closing at the outside figure, 43%@'3%c. for
July, 45c. for August, and 46%c. for September ; and steamer
mixed, 43c. on the spot, and 42%c. for July. Yellow com
slightly lower, but white still scarce ; firm. Yesterday, the
market

rather steadier for mixed, with a fair demand.

was

Rye declined early in the week,with considerable sales of prime
dull. Yesterday the market
recovered partially, and 16,000 bush. No. 1 State sold at 64e.
Barley remains nominal. Oats, with a better demand from the
trade, adverse crop accounts, and some revival of speculation,
have been more active at advancing prices.
Yesterday the
market was dull, with No. 2 graded quoted at 39c. for mixed
State and Canada at 63%c.; closes

and 40c. for white.
The

51,000

following

closing quotations:

are

grain.

FLOUR.

Liverpool market for spots and futures, each day of
the week ending July 4, and the daily closing prices of spot cotton,
have been as follows:
The tone of the

Saturd’y. Monday. Tuesday. Wedn’sdy Tliursd’y

Spot.
Market,
12:30 r.M.

)

Steadier.

$

Mid. Upl’ds
Mid. Ort’ns.

Market,
5 P. M.

Harden¬

ing.

67g

6151C

61516

7

A
phade
easier.

Very
steady.

61*16

6l5ie

01516

7

7

7

Friday.

Firmer:

4 50® 5 75

ship¬

4,000
1,000

8,000
i,oeo

8,000
1,000

5,000

10,000
1,000

500

5 50®

7 50
5 25

....

Strong.

Quiet.

but
steady.

Quiet.

4 40®

3 20®

Corn meal—

--.-G2732

June
J une-J uly

62732

678

week, are given
Middling clause,
At—

Chicago

Delivery.

d.

June

G7e

Delivery.
July-Aug
Aug.-Sept

Jime-July

67e

Oct.-Nov

Sept.-Oct... 6i^i(5®3i32

d.
62932
6-‘u32
658

62032®i51G

.

Monday.

Delivery.
,

Julj-Aug

Aug/-Sept
Sept.-Oct

62932

Delivery.
July Aug

6293o Aug.-Sept
G31.S2 Sept.-Oct

6i516
7

7*32

Delivery.
Aug.-Sept

G313o

Sept.-Oct
July-Aug

62932

...7

7

Delivery.

Delivery.
Aug.-Sept

July

...

Rejected spring..

Red winter, No. 2
AVliite
No. 1 white
Cora —West, mixed
Western No. 2...
Yellow Southern.
White
do

Delivery.
Sept.-Oct
Sept.-Oct

July
.---62732
July-Aug... 61316®2732
Aug.-Sept,. 02y32^15i6 Nov.-Dee.

Thursday.

Delivery.

July
678
July-Aug
62732® 7e
Aug.-Sept.. 015i6<231t2




43

@
®

43
59
62
36
39

Rye—Western

State and Canada
Oats—Mixed
White

Barley—Canada W.
State, 4-rowed...

.

State, 2-rowed...
Peas—Can’da,b.& f.

•

.

•

®
@
®
®
.

75

.©

96
07
78

18
16

15
44

43*2
45
52
61
64

39ks
43
•••»»»

.©

•••*■«

.©

■**•«•

®

92

lake and river ports

Milwaukee....

Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth

...

....

....

...

...

02932

Delivery.
Sept.-Oct

62732

Oct.-Nov

Flour,

Wheat,

Cora,

Oats,

bbls.

bush.

bush.

bush.

Total
113,883
Previous week... 114,178
88,202
Same time ’78
...

at

same

Gi516
61^32

bbls.

Flour

6%

bush.

Wheat

Oct.-Nov

6^8

Aug.-Sept....

62932

I..

Oats

Barley

..

Rye.
Total

Shipments.
Oct.-Nov..
sail...

n.

crop,

.638

grain

Total

....

868
472
......

4,500

6,000

'......

6,271
8,670

19,110 54,024
19,608 61,611
33,409 38,747

inclusive,

1878.

1877.

1876.

3,182,925

2,832,815

1,930,176

2,623,048

30,093,371

28,985,777
41,904,384
12,267,532

7,998,297
34,804,507

22,829,970
36,719,119
12,028,436

13,968,315

2,326,915
1,546,856-

2,818,582
1,994,465

9,256,867
2,627,037
895,874

93,300,187

90,850,771

55,582,592

receipts (crop movement) at the same
inclusive, for four year.-:

to June 28,

2,100 15,420

1879.

•

Delivery.
Sept.-Oct... 6i516©3i3o
Oct.-Nov
65s “

lbs.) (56 lbs.)
6,510 22,323

ports from Jan. 1 to June 28,

45,364,699

Corn

Rye,

bush.

bush.

for four years:

Delivery.

Gi5l6
631^0

Barley,

1,616,996 2,034,551 544,289
1,348,394 2,265,780 790,675
1,044,772 2,181,156 548,737

Wednesday.

Delivery.

4314®

(56 lbs.) (32 lbs.) (48
(196 lbs.) (60 lbs.)
40,159 697,408 1,458,711 305,182
42,480
58,710
406,390
48,558
16,538
15
143,047
85,774
12,957
1,571
136,345
4,131
12,800
9,900
6,800
2,628
62,832
224,992
200,525
13,952
91,500
740
143,100
13,340
18,930
45,987
3,700

Total receipts

Tuesday.

July... .6783>^732®I3i8
July-Aug
67s ®2732

2 30
2 55

2 00®
2 50®

®0
@1
1 05
76
®
1 173>® 1
1 12
@1
1 14kj@l
41
a)

bu. $0 94

for the week ending

Saturday.

d.

--

Wheat—
No.3 spring, $
No. 2 spring

Receipts of flour and grain at Western
June 28:

Firm.

The actual sales of futures at Liverpool, for the same
below. These sales are on the basis of Uplands, Low
unit ss otherwise stated.

Delivery.

6 00
5 00
3 60

5 25®

Western, &c.

Quiet

\
(

June

4 65

shipping extras. 4 15®

Brandywine, &c

July-Aug
Aiig.-Sept.

4 25®

4 75® 5 75

do XXandXXX...
Minnesota patents...

family brands
South’ll sliip’g extras.
Rye flour, superfine..

Futures.

-

4 00® 4 40

extras
do XX and XXX...

City

4 25

4 05®

Western spring wheat

Southern bakers’ and

8ales

5 p.m.

3 50® 3 90

ping extras
....

3 30

$2 60®

Western
Extra State, &c

Western winter

\
J

Spec. & exp.

Market,

$ bbl.
Superfine State aud
No. 2

2,906,399

886,894

75,365,818

ports from Aug, 1

1877-8.

1878-9.

Wheat

1876-7.

1875-6.

bbls.

5,917,481

5,605,209

4,638,868

5,028,949

busli.

86,192,138
85,435,094
29,929,127
9,468,691
4,503,199

72,451,018
79,994,000
24,679,120
9,297,442

37,391,282
73,751,418

62,670,676

215,527,249

Flour

Corn
Oats

Barley
Rye
Total grain

....

25

THE CHRONICLE’

5, 1879.]

July

steady movement in the most staple cotton and
fabrics on account of former orders. The tone of the

but there
woolen

was a

firm, and while nearly all kinds of
domestic textile fabrics were steadily held at the late advance,
2,106,744 there was a
tendency toward higher quotations on foreign

57,217,791

26,676,068
7.592,997

3,871,282

20,302,657
8.393,887
2,753,423

190,292,862

142,595,067

156,266,276

market continued very

enhanced cost of the
manufactured.

silks, linen goods, &c., because of the

which they are
Comparative shipments of flour and grain from the same staples from
Domestic Cotton Goods.—The exports of cotton goods from
ports from Jan. 1 to June 28, inclusive, for four years:
this port to foreign markets during the week ending July 1st
1876.
1877.
1878.
1879.
2,789,988
1,997,953
2,857,404
Flour
bbls. ' 3,337,939
were 1,191 packages, the more important quantities of which
busli. 26,129,500
8.538,059 21,481,058 were shipped as follows : 794 to Great Britain, 157 to Chili, 84
Wheat
26,285,982
Cora
39,917,192
36,179,663
27,500,402 33,019,852
Oats
10,454,791
7,742,152
6,888,578
9,804,625 to Mexico, 50 to Hayti, 52 to British West Indies, &c. Brown
Barley
1,986,728
1,539,276
1,990,174
1,209,949
Rye
1,395,433
1,568,193
662,811
809,832 and bleached cottons were in moderate demand and very firm,
,

Total gi-ain

....

Rail and lake

79,983,644

66,325,316

45,590,624

75,224,959

the last four

shipments from same ports for

weeks:
Flour,

Wheat,

bbls.

bush.

122,363
124,620
129,209

1,109,272
1,012,467

June 28
June 21
June 14

June

Rye,
bush.
bush.
1,956,611 ' 599,898 17,746 63,928
3,359,613 569,838 16,089 64,092
3,207,498 570,274 30,867 62,322
3,405,392 714,716 29,367 67,534
bush.

bush.

1,131,891
131,719 2,564,611

7

Barley,

Oats,

Corn,

Week

ending—

5,818,241 11,929,114 2,454,726 93,969 257,876
7,826,574 1,594,172 73,621 228,479

Total, 4 w’ks. 507,941
Tot.4wks ’78 389,531

3,316,723

seaboard ports for the week

Receipts of flour and grain at
ended June 28:
Flour,

Wheat,

Corn,

Oals,

Barley,

Rye,

bbls.

bush.

bush.

bush.

bush.

bush.

655,778 1,356,915 ! 239,360
34,660 42.400
13,950
1,50)
3,800
eao
206,656
277,017
550,500 142,100
270,800
307,250 632,500 54,500
88,960 51,240
3,852

19,175
4,900

25,160

113,187 :1,528,547 2.873,991 i531,730
Total week
Previous week... 172,029 1,652,524 4,048,378 729,152
Cor. week ’78— 134,051 1,135,910 2,118,784 436,554
530,884 1,276,664, 583,907
Cor. week’77.... 78,212

24,105
^0,356

31,100

8,700
31,758

89,758
8,000

At—

91,700

New York
Boston...-

36,028
2,300

Portland
Montreal

19,371
13,110
17,092

Philadelphia
Baltimore
New Orleans

12,886

And from Jan. 1 to June 28,

Wheat
Cora
Oats...

30

5,000
1,000

41,700

inclusive, for four years:
1876.

1879.

1878.

1877.

bbls.

4,919,423

4,096,079

3,234,255

4,531,742

bush.

41,524,323
61,091,959

34,613,424
59,051,686
9,520,824

2,383,166

4,846,498
40,550,034
8,203,489
1,799,920

15,930,852
7,785,854
273,641

107,930,455

56,004,345

24,794,812

:

flour

......

10,389,276

Barley

1,475,099

..

1,958,090

Rye

116,438,745

Total

2,361,355

733,996

90,469

604,374

leading make3 of the latter, such as “ Fruit of the Loom,”
Masonville, &c., having been subjected to a slight further ad¬
vance.
Colored cottons were rather quiet, but prices were

some

stiffly maintained, and stocks are well in hand. The most im¬
portant feature of the week’s business in this d-partment was
a very brisk demand for cotton warps and yams, large trans¬
actions in which were reported at advanced prices. Print cloths
ruled quiet and a fraction lower (despite the strike at Fall
River)—say 4%c. cash for 64x64’s and 3}i@3%c. for 56x60’s.
Prints continued sluggish aside from medium and dark fancies,,

parcels of which were taken by interior jobbers who
making shipments by canal.
Domestic Woolen Goods.—The woolen goods market has;
presented few new features of special interest. Fair deliveries
of men’s-wear woolens, flannels, blankets, jeans, &c., were made
by agents on account of back orders, but new business was
comparatively light. Prices of nearly all woolen fabrics arefirmly maintained, and stocks are remarkably well in hand, many
popular makes of fancy cassimeres, cheviots, worsted coatings,
&c., being closely sold up. Overcoatings have been less active,
but beavers were in fair request by cloak manufacturers, whose
operations were also extended to cloakings and repellents..
Kentucky jeans were in moderate demand, and some of the best
makes of heavy doeskins were advanced by agents. New busi¬
ness in flannels and blankets was only moderate, but liberal
deliveries were made on old orders, and stocks are unusually
light.
>
Foreign Dry Goods.—There was a fair demand for silks
and linen goods at slightly improved prices, but other descrip¬
tions of imported goods ruled quiet and will probably continue
so until new autumn goods come to hand.

some

fair

are

Importations of Dry Goods.

supply of grain, comprising the stocks in granary
The importations of dry goods at this port for the week ending:
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and canal, June 28, was as fol¬ July 3, 1879, and for the corresponding weeks of 1878 and
1877, have been as follows:
lows :
The visible

Wheat,

hush.
1,398,800

In Store at—

New York
New York,

Buffalo

-

Chicago

2,109,570

1,551,669
560,000
29,000
758,298

4,391,690

2,581,612

1,393,690

Milwaukee
Duluth (21st)
Toledo
Detroit

205,241

139,750
173,526

160,000

Oswego
Boston

157,544
1,360

Toronto

159,412

Montreal (14th)..

160,368

Philadelphia

393,043

St. Louis

Peoria

18,740

Indianapolis

5,200
82,688

55,443
84,519
376,484
11,668
90,000
728,506
144,225

Barley,

224,474
20o,000
111,000
22,400
398,694
25,565
25,250
12,612
32,377

43,547

Rye,

bush.
45,199

hush.
61,632

6,200

38,000
21,096
81,992
6,055

600

78,839
93,662

10,000

878

94

30,000
1,327

24,000

19,684

20,336
135,802

9,797

66,247

39,200
633,024
82,201
27,700
41,336
651,366
873,531
1,083,080

7,034

527,925
71,973

17,288

458

10,723

116,000

17,600

40,000

13,438,605 11,463,622 2,027,994

378,852

435,506

298,911

.

404,539
704,733
910,000

1,0G0,000

$

Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
Total
WITHDRAWN FROM

June

June

13,892.032 11.516.571
’79
14,’79...... 13,930.328 11.636,721
7,’79

May 31, ”79
June

29,’78

2,051.644

441,396

1,981,291 531,285
15,601.433 12.135,640 1,608,039 652,459
15,286,257 14,186,506 1,628,733 707,368
4,943,132 8,983,806 1,778,324 1,051,983

53,205

434,406
458,265
593.397
684.636
318,677

>DS TRADE.
Thursday, P. M.,

Business in the

dry goods trade has been

July 3, 1879.

restricted in volume

the recurrence of the national
holiday. There were comparatively few buyers in the market,
and their operations were mostly of a hand-to-mouth character
the

past week, owing partly to




Pkgs.

95,191
167,654
300,438
92,275
5 / j53d

274

2,063

713,093

1,627

317
359
536
141

Value.

$

$

234
573
490
519
217

113,001
100,*95
202,198
95,951
31,427

258
567
427
508
125

249.359

543,472

1,885

669,849

110,431
169,995
110,785
29,279

ING THE SAME PERIOD.

Manufactures of—
Wool

Miscellaneous
Total
Ent’d for consumpt.
Total

on

market

-..

Manufactures of—
Wool

102
219
47
210
401

37,599
57,559
35,832
31,306
2,139

118,662

979

164.417

543,472

1,885

669,849

2,864

834,266

40,868
31,555
11,424

37,761
47,125
30,919
43,832
7,326

130
118
16
163
976

166,963
713,093

1,403

2,063

1,627

2,581

880,056

3.030

662,134

92
105
37
262
22

Cotton
Silk

5ls

ENTERED FOR

THE DRY GO

Value.

Pkgs.

WAREHOUSE AND THROWN INTO THE MARKET DUR¬

Flax

Total
June 21,

Value.

Pkgs.

1879.

1878.

1877.

3,600

11,450

3, 1879.

342

551

Baltimore
Rail shipments...
Lake shipments..
On Canal (est.)—

CONSUMPTION FOR THE WEEK ENDING JULY

t

'

1,018

15,900

ENTERED FOR

619

32,705
33,913

760

2,689

City

Kansas

Oats,
hush.

169,000
800

afloat.*

Albany

Cora,
bush.

.

*

27,730

7,085

WAREHOUSE DURING SAME PERIOD.

232

102,676

235
78
421

129
198
70
140
39

48,581
48,475

148
107

53,565

108

36,331
10,237

201

982

62,415
47,549
42,725
34,095

Total
Ent’d for consumpt.

1,948
2,063

289,460
713,093

576

1,627

197,189
543,472

Total at the port...

4,011 1,002,553

2,203

740.661

i,r>„0

881.206

Cotton
Silk
Flax
Miscellaneous....

..

101

47,91X
34,9: 1
88,250
36,667
3,595

665

211,3f4

1,885

669 849

THE

CHRONICLE

Financial.

Financial.

Trask

Tesup, Paton & Co.,
BANKERS,

and

Agency of Banks, Corporations,

and

dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on

commission.

8ound railroad and municipal bonds negotiated.
Sterling exchange bought and- sold. Drafts on
Union Bank of London.

J. S. Kennedy 8c Co.,
Bankers and Merchants,

New

celved

W alston H. Brown 8c Bro.
Pine

B. F.
AND

OF

Steamships.
O N L. Y

Blakeslee,
BROKER,

Direct Line

business

The General Trans-Atlantic Company’s
Mail

Special attention paid to investment orders for
NEW

Hatch 8c

Equipment of Railroads undertaken.

Foote,

BANKERS, No. 12 WALL
BUY

AND

STREET

SELL

GOVERNMENT

BONDS, GOLD, STOCK8
MISCELLANEOUS SECURITIES.

Sand, Hamilton 8c Co.,
BANKERS

2 Nassau

AND

AND

Steamships,
BETWEEN

miscellaneous Stocks and Bonds.

relating to the Construction and

YORK

AND

PRICE OF PASSAGE, (including wine) :
To Havre—First cabin, $100; second cabin, $65:
third cabin, $S5; steerage, $26, including wine, bed¬

ding and utensils.

Street, New York.

LOUIS

DE

STOCKS AND BONDS BOUGHT AND SOLD ON

d6 Co.

COMMISSION.
COMMERCIAL PAPER NEGOTIATED.

BOSTON.

Gossler 8c
OOBKE8PONDENT8

Atlas Mail Line.

JOHN

OF

HAMBURG.

*

7 Wall

General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
a

A M. Kidder. C. W. McLellan, Jr.

Co.,

brokers,

NASSAU

8c Western

undersigned

STOCKS

$200,000.

STREET, NEW YORK.

Investors. Strictly Conservative.
LOANS CAREFULLY PLACED on Western Farm
Mortgages, at 8,9 & 10 per cent interest, and on choice

In Cincinnati, Cleveland, Indian*
spoils. Detroit, Chicago, St. Louis, Kansas City and
Other large Western Cities. Current interest collect¬
ed without charge. Loans carefully placed also on
Real Estate ln the Cities of New York, Brooklyn,
Jersev City. Newark.&c.
MUNICIPAL. DISTRICT SCHOOL, GAS AND
WATER BONDS, RAILROAD and other CORPOR¬
ATE BONDS negotiated. Defaulted Bonds converted
Into Interest-paying Investments. Coupons collected.
TEMPORARY LOANS made to Counties, Townb
and
Cities ln
anticipation of Taxes and other
Revenues. Coupons paid for States, Counties, Towns,
Cities, Railroad Companies, Ac.
business property

~

STOCK TRANSFER

conducted

as

for

States, Counties, Town?, Cities, Railroad and other
Corporations, and Individuals.
Johx C. Shobt, President.
Geo. W.

Wm. P. "Watson,




North River as follows :
For Kingston (Jam.), Hayti and Maracaibo:
ALPS
Julv 10 | ETNA
July 24

For

Hayti, Colombia, Greytown, Aspinwall, Panama,
and South Pacific Ports:

July 15 | AILSA
July 29
Superior first-class passenger accommodations.^
P1M, FORWOOD & CO., Agents,

BONDS,

No. 7

MULLER

A

*

SON,

PINE STREET, NEW YORK. •

ALBERT

H.

AT
our

FARE

TEN

a

Regular Auction Sales of all classes of

AND

THURSDAY,

Our Established

Days 28 Years,
Or Special Sales on other days when required.

43

H. MI CO V, AY A
Pine

tm.

BONDS

EVERY MONDAY AND

ALBERT

CENTS,

Except between the hours of 5:30 and 7:30 A. M. and
5 and 7 P. M., when the fare is Five Cents.
WM. R. GARRISON, President.
M. VAN BROCKLIN, Superintendent.

AUCTION.

STOCKS

No.

RAILWAY.

OPEN FROM &80 A. M. TO 12 P. M.
Rector Street—Nearest point for Wall St. Ferry
and connects with the cars for South Ferry. Cortlandt Street—Nearest point for Jersey City and Communipaw Ferries. Park Place. Chambers Street.
Franklin Street. Grand Street. Bleecker StreetConnects with cars for East and West. 8th Street.
14th Street. 23d Street. 33d Street. 42d StreetConnects with New York Transfer Company’s cabs
for Grand Central Depot. 50th Street and 6th Ave.
58th Street. 53d Street and 8th Ave. 59th St. and
9th Ave. 72d Street and 9th Ave. 81st Street and
9th Ave. 93d Street and 9th Ave. 104th Street and
9th Ave. For up-town trains take east side stations.
For down-town trains take weBt side stations.
Trains will run to 58th stieet and 6th ave. and
104th street and 9th ave. alternately.

NIC0LAY, Auctioneer

Stocks and Bonds
We hold

Metropolitan Elevated

CO,,

St., New York.

His Celebrated Number st

303-404-170-361-332,

and his other styles may

be had of all dealers
throughout the world*
Gillott & Sons.
New York*

AGENT for

Railroad, Mining and other corporations, and also

Trustee of Bondholders.
FINANCIAL
NEGOTIATIONS

AUCTION

OH

Companies, Savings Banks,* Corporations and other

ACT AS

REGULAR

AND

ADRIAN II.

MONEY CAREFULLY INVESTED for Capitalists,
Trustees of Estates, Guardians, Fire & Life Insurance

WIllL

hold

WEDNESDAYS AND SATURDAYS.

NEW YORK, BOSTON, PHILADEL¬
PHIA AND CHICAGO.
PINE

SOLD.

SALES of all classes of

(INCORPORATED.)

& 33

Bonds

STOCKS and BONDS
At Auction.
The

INVESTMENT CO.

31

County

BOUGHT AND

New Y ork,New England

-

STREET,

and Stocks

Special attention to business of country banks.

-

W. Trask.

J. S. Stanton,

19

Railroad, City, and

St., Cor. New, New York.

Capital Stock

Greytewn, Nicaragua.
Regular Fortnightly Sailings from Pier No. 51

ANDES

P. O. BOX 2,647.

INVESTMENT SECURITIES.

e*

BROADWAY

For West Indies and South America,
Calling at
the following ports, viz.: Kingston (Jam.),
Cape
Hayti, GonaTves, St. Marc, Port au Prince, Aux
Caves and Jacmel, in Hayti; Santa Martha, Savanilla, Carthagena and- Aspinwall, in Colombia; and

No. 37 Wall Street.

A. H. Brown 8c
and

STREET AND

Buy and Sell Investment Securities.

EUROPE.

BERENBERC, GOSSLER & CO

bankers

WALL

Transact

London, (Limited.)
IN

OF

New York.

Co.,

International Bank of Hamburg and
HOUSE

COR.

BEBIAN,

Agent, 55 Broadway.

BANKERS,
70 State Street

HAVRE.

The splendid vessels on this favorite route for the
Continent—cabins provided with electric bells—will
sail from Pier (new) No. 42 North River, foot of
Morton street, as follows :
PEREIRE, Danre
Wed., Julv 9. 9:30 A. M.
FRANCE, Trudelle
Wed., July 16.3:30 P. M.
CANADA, Franguel
Wed., July 23. 8 A. M.

Return tickets at very reduced rates, available for
twelve months.
For passage and freight apply to

BROKERS,

NEW YORK, '
184 Pearl' Street.

France.

to

STREET (HILLS BLOCK),

EXCHANGE ON LONDON.
All

Johnson 8c Co.,

Baukers and Stock Brokers,
No. 2 NASSAU STREET.

HARTFORD, CONN.

Collect Coupons and Dividends ;

BILLS

F.

SECURITIES.

STOCK

SECURITIES;

DRAW

S.

SPECIAL ATTENTION GIVEN TO THE NEGOT1A
TION OF

SELL

LOANS AND

SPECIALTY.

S. Fisher Johnson.
Charles W. Miller.

Street, New York.

RAILROAD

Stocks

Cash paid at once for the above Securities; or
they
will be sold on commission, at eller’g option,

BANKERS,

STREET,

INVESTMENT

NEGOTIATE

FEED. A. BROWN.

STREET.

Insurance
A

re

Bailey,

Dealings In

on

favorable terms.

on

333 MAIN

RAILROAD

BROKERS,

WALSTON H. BBOWX.

York,

AND

S.
7 PINE

Commission, and carried on Margins.
Deposits Received and Interest Allowed.
PF* Accounts of Country Banks and Bankers

BOND
BUY

AND

E.

Broadway & 15 New St., New York

11

WILLIAM

Francis,

a General Banking Business.
STOCKS, BONDS and GOLD Bought and Sold

Act as.agents for corporations in paying coupons

63

Financial.

Transact

York.

firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.

No.

8c

BANKERS

70

62 William Street, New
Accounts

fVoL» X2IX

Debevoise, Vice-President.
Secretary and Treasurer.

In 20 NUMBERS, of superior
English make, suited to every style
of writing. A Sample of each, for
trial, by mail, on receipt of 25 CTS.

ASK YOUR STATIONER FOR
THE SPENCERIAN PENS.

Imon, Blakeman,Taylor&Co
NKW YORK.