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MERCHANTS’
HUNTS
M&GA21NB.
Qtwtpiptx,
9
COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, in the year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
REPRESENTING THE INDUSTRIAL AND
doubt, bonds and stocks of established
more
than they were a year ago.
The
roads are earning much more, and there is every reason to
believe that they will continue to earn much more during
the coming year.
We gave our reasons for this opinion
two weeks since, and it is not necessaiy to repeat them
here, especially as the public seem to have realized this
fact now, and a better feeling prevails.
In our merchandise markets the recovery will be slower
because the disease was deeper.
And yet there are evi¬
dences that a change has begun. In referring last Saturday
to the large increase that has taken place in our imports^
under the stimulus of the recent high prices, we stated that
the low values now current and the large stocks held here
must soon have the effect of checking the movement, and
that the present month would witness a reaction.
This
reaction, it would appear, has already set in. The imports
last week at this port—which usually receives about twothirds of the country’s entire imports—were smaller than in
any other week since the middle of last January. Compared
with the preceding week, the total, $7,316,G95, shows a
decrease of $2,665,802, and compared with the week
before that, a decrease of $4,362,004.
But the falling off
in the movement will be more clearly seen by bringing
together the totals for a number of weeks past, as is done
in the table below, showing the weekly figures since the
beginning of last February.
been.
CONTENTS.
Beyond
roads
THE
CHRONICLE.
610
Railroad Earnings in May, and
from Jan. 1 to June 1
613
Latest Monetary and Commer¬
611
612
cial English News
Commercial and Miscellaneous
609
Reviving Confidence
Banks—Their Nature and Ser¬
vices
Cotton Consumption in Europe
The New Bill Taxing Banks...
THE
Banks, etc
THE
614
615
News
GAZETTE.
BANKERS’
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
notations of Stocks and Bonds 620
ew York Local Securities
621
Investments, and State, City
and Corporation Finances... 622
617
COMMERCIAL TIMES.
632
626 I Dry Goods
Commercial Epitome
626
631
Cotton
Breadstufts
|
Imports, Exports and Receipts 633
%\xt (Chronicle.
Chronicle is issued every Satur¬
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class
The Commercial and Financial
mail
matter.]
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Transient advertisements are published at 25 cents per line for each
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Special Notices in Banking and Financial
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Volnrr'
NO. 781.
SATURDAY, JUNE 12, 1880.
VOL. 30.
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the same is
f^5 For a complete set of the Commercial and Financial Chroni¬
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
1871. inquire at the office.
REVIVING
CONFIDENCE\
Week
are
a
worth
ending—
Value.
6
13
“
20
“
27
Mar.
5
“
12
“
19
“
26
$8,469,472
April 2
11,503,695
Feb.
“
8,207,246
9,273,000
7,848,877
13,878,046
9,910,917
11,724,181
8,532.763
Week
ending—
April 9
“
16
“
23.....
30
“
May
“
7
14
21
“
28
June 4
“
Value.
$8,938,079
12,273,708
10,908,842
11,439.920
11.872,362
9,480,455
11,678,699
9,982,497
7,316,695
figures, not as showing that the excep¬
about passed through the temporary cloud produced by tional total of last week may be taken as a measure for
excessive speculation, and which for a time has overcast subsequent weeks—on the contrary, from data in our pos¬
all our markets.
The depression we have suffered under session it seems not improbable that the total for the cur¬
has been, as we have several times stated, the result of a rent week will be larger by several millions—but as an
necessary and healthy reaction.
We had begun to think, indication that there are already evidences of a smaller
with regard to merchandise, that there was no limit to movement. Undoubtedly, there will continue to be fluctua¬
tions in the volume of our imports, but the tendency must
consumption in this country, and with regard to stocks,
This week
seems
to
furnish evidence that
we
have
We cite these
everything bearing the endorsement of a railroad must be downward.
The country is in an excellent condition; but, through
continue hereafter to show a monthly rise in value. These
the speculative prices prevailing here, we have flooded
fancies no longer prevail.
Of course, during any such reaction, reason does not ourselves with foreign goods. It was necessary that im¬
govern the public mind.
"We have seen the best illustra¬ ports for a time should be"* checked, so that the people
tion of this at our Stock Exchange.
There, all securities could begin to absorb the accumulated stocks. As the first
have declined, from week to week, almost regardless of condition is now being realized, the latter will soon be in
comparative merit or value. Our monthly railroad earn¬ process, and it will not be long before our import trade
ings, published to-day, show what a foolish panic this has will again be on a sound and healthy basis.
that
THE
610
CHRONICLE.
[VOL. XXX.
son’s figures and illustration, there are in this country
BANKS—THEIR NATURE AN[D SERVICES.
One is frequently surprised at the extent of the literary three hundred thousand million dollars worth of produce
\rark which some of our active business men are able to transferred from producer to consumer every year. Two
Our remark applies to no one, whom we
accomplish.
•
can
at the moment
recall,
more
fully than to Mr. Edward
Quantity of course would cause no surprise, if
quality is so admirable. He is one of
titose thoroughly useful writers who think it is no objec¬
tion to an Economic Essay (which is usually as-dry-asdust) to have it interesting and practical. Having been a
merchant and manufacturer, while at the same time being
a close
student and observer, he becomes by this very
combination of acquirements best fitted for an instructor.
"We have other men of the same type among us ; and in
fact some of the ablest English writers of the day on
political, financial and commercial subjects are merchants,
for in applying theories to commerce, they modify their
Atkinson.
ifc
■
were
accord with the actual conditions of com¬
which their experience has taught them exist. Theirs
theories
merce
not that the
so as to
theoretical world, but a practical, actual one.
The latest work of Mr. Atkinson—at least the latest
Is not
a
Iz&ve seen—is
an
address, issued
now
we
in pamphlet form,
University.
delivered before the financial club of Harvard
His
was “ Banks and Banking,” and his object
to have been to familiarize the hearer or reader with
subject
seems
of these institu¬
tions.
There could be no more useful or practical purpose
than this, for there is no subject about which greater and
wider ignorance is displayed. In consequence of this ignor¬
ance, and relying upon it, political demagogues are all the
time antagonizing our banking system:—not showing its
defects and providing a better, which would be in the line of
progress, but simply seeking to excite popular prejudice
by calling it, and thus making the many—who do but little
thinking for themselves—believe that it is, a machine organ: Ized
by capitalists to crush out labor. The course of
Legislation at Albany this Winter, is a good illustration of
; this
spirit, the ruling idea seeming to be to tax, without
:
regard to the power to pay it, all banking capital, and if in
the process it goes out of existence as such, so much the
'• better for the people.
We are pleased, therefore, to be able to welcome Mr.
Atkinson’s effort.
All that is needed to put this question
among the settled, self-evident ones, is to have the facts regarding it known, and to secure that they must be simply
told, so as to meet the popular comprehension. For, in truth,
the bank, instead of being inimical to the producer, is his
chief ally; it is purely the great distributer, as necessary to
‘Commerce as breath is to the body.
The old country store
Is the original bank, or substitute for one, of a primitive
community, where the one farmer who raises eggs, and the
other who raises wheat, and the other who raises sheep,
and the one who spins the wool, all bring their products to
.have them exchanged, which in the absence of a medium
of exchange, can only be done by entries in the merchant’s
ledger. Each producer makes his deposit, not in money,
bat in products valued in money, receiving a credit; and
the nature,
and the services to
'
~
■
*
'
.
.
'
■
commerce,
to three tons of
food
the average are
moved from field
pasture to subsist each man, woman and child; moved
not once only, but twice or three times or more.
The
grain must be taken from the field, thence to the country
store, thence to the railway, thence to the mill, thence to
the baker’s oven; the hay and roots must be moved about
until they are turned into butter, cheese, meat, and
exchanged for sugar, tea, coffee, spices; each kind must be
distributed, worked over, converted from one form into
another and at last consumed.
Only conceive, if it is
possible, of the number of the exchanges involved in effect¬
ing these results, each one requiring, as a precedent condi¬
tion, the transfer of a credit, or payment.
And yet all this is going on constantly, and so smoothly
and silently as not even to attract observation; in fact, we
doubt if one person in a hundred has ever thought how
extensive is the mechanism that makes it possible.
What
the merchant’s ledger in the country store did for the
primitive community, convertible bank credits are doing
for the nation.
The store is a possible instrument only
within a limited territory, and when wants are few; but—
as Mr. George S. Coe stated in an address delivered last
year—no sooner does a community grow into commer¬
cial importance than a bank becomes a necessity, an abso¬
lute need.
Consequently, we find that some of the very
oldest institutions in this country and in Europe are
on
and
^
banks.
There
can
be
no commerce
without them and
com¬
only expand as they multiply.
The Bank of
Philadelphia was formed by Robert
Morris the Colonial
Secretary; the Bank of New
York was founded by Alexander Hamilton; the Manhattan
Company Bank was inaugurated by Aaron Burr ; and all
of them are over one hundred years old.
So in every
merce
can
North America in
town and in every
village the first existing banking organiza¬
period of its earliest importance, its
very beginning, as a centre of trade.
It is of course impossible in a newspaper article to show
more than in this general way how banks, thus generated
spontaneously out of commerce, do their work. But even
by the mere casual observer it is seen that it would be a
physical impossibility to make all these daily payments,
had we the m®ney to do it with, and to hold sufficient
money would be utterly impracticable.
Furthermore,
even if we possessed the money and the power, the cost of
tion dates back to the
actual
transfer of
cash
would
more
than
'
double the
it would
from a
market.
One can see clearly the force of these observa¬
tions by recalling the leading features of transactions
daily occurring between the Liverpool merchant and
the West.
Substantially, the practice is somewhat
The merchant cables over his order, and by
like this.
making arrangements with a Liverpool banker, he cables
over his money, too; his agent in New York telegraphs
price of every commodity to the consumer, while
shut out many of the more remote producers
(depositors) exchange commodities by out the order to Chicago, and by arrangement with
simply transferring credit. What should we think of the a bank here, has the money also at the same moment
farming community with such a store in -its midst and there; and then the Chicago merchant . repeats the
*<lQmg this work for it—what should we think if it were to process, and it may be that it is again and again repeated]
tax the store so excessively as to drive it into another until from the farms of the West the grain is on its way.
Perhaps not a dollar of money has been transferred during
county or State ?
Such in miniature represents the relations existing all this time, and more likely than not the whole transac¬
between our country’s commerce and its banking system. tion has been done upon a bank credit obtained at Liver¬
:The railway, the steamship, the butcher’s cart and the pool, which is discharged only on the arrival of the grain
there and its final sale and transfer to the actual conj
grocers wagon are the vehicles which apparently do the
^distributing, but the banks are the power back of them sumer.
Now the question simply is, for eyery man to answer,
/that keeps their wheels in motioni Adopting Mr. Atkin¬
€hen these farmers
*
•
June
611
THE CHRONICLE.
12, 1880. J
But,
have remarked in previous
as we
reviews of thes&
labor and money-saving machines until
figures, the most interesting or useful way of studying-,
they are crippled, and the service they render becomes more them is
through a record which exhibits the monthly pa©expensive, or shall we in framing our laws act with such
gress in consumption.
As hereinbefore stated, we haw
liberality towards them as to encourage their growth. Of revised the earlier months of this table to correspond withcourse we do not by any means object to taxing banks.
Mr. Ellison’s revision.
We notice some criticisms on theThey should be taxed. But we do say that it is for the fact that revisions should be required. It is of coraseinterest of every one of us, rich- and poor, and more
disappointing that such is the case, but we believe^
especially for the poor, that we make the mistake of taxing
they are inseparable from such a report. The takn^&them too little, than that we make the mistake of taxing
in actual bales are matter of record, but the aver¬
shall
we
tax these
them too much.
spinners’ consumption are matteix .
human judgment is not infallfbLej.
we suppose there will be doubt on the last two points*,
which [can only be definitely solved in subsequent months^
weight of bales and
age
CONSUMPTION IN EUROPE.
"We have just received our cable dispatch containing the
figures of the movements of cotton in Europe to June 1
from Mr. Ellison’s circular, issued at Liverpool, Friday,
June 11.
In our tables it will be noticed that the con¬
sumption for some of the back months we have revised to
correspond with Mr. Ellison’s revision in his last report.
According to the figures now given, there appears to
have been no change in the amount of cotton used by the
mills during May, either in Great Britain or on the Con¬
tinent, the former being stated to be still 65,000 bales per
week and the latter 52,000 bales.
We notice that some
other authorities are inclined to think that this is an exces¬
sive figure for Great Britain at present.
Of course, we
cannot definitely decide such a question as that, but think
Mr. Ellison’s figures are prepared with great care.
There
COTTON
however, reasons, which we will state later on, for
believing that Great Britain may not continue at this
same rate during the summer months.
We now bring
forward our usual statement of the total takings and con¬
are,
sumption, in actual bales and
pounds each, in all Europe to
in pounds and bales of 400
June 1.
Pounds.
Bale*, actual.
Takings and Corns'mo¬
tion in Europe.
Surplus Oct. 1,1879.
Deliveries to June
1,1880
Great
Conti¬
Great
Britain.
nent.
Britain.
24,601
89,523
10,900,000
Bales, 400 pounds.
Great
Continent. Britain.
37,600,000
27,000
Our
94,000
time
Surplus June 1,18:0
Surplus May 1,1880
Surplus April 1,18S0
Surplus Mar. 1. 1880
rounds.
Consumption in
Great Britain,
October, 4*2 weeks.
2,030,221j1,926,333
869,200,000 723,200,000 2,173,000 1,808,000
1,031,5551,681,860
i
08,064
123,281
164,603
242,891 44,129,000 104,228,300
218,518 55,600,000 94,400,000
205,782 74,058,190 89,112,000
87,117,690 85,061,120
110,000
139,000
185,000
217,000
Continent, October, 4
weeks
Total October
'56,000
80,200,000
181,000,000
452,500
106423*
99,400,000
91,800,000
248.500
229.500
62,125*
51,000
191,200,000
478,000
113,125-
2S3,500
63,000
231.000
52,0(0
November, 4 weeks.
Continent, November, 4*2 weeks..
Great Britain,
Total November
222.000
212,000
50425
-
Great Britain, Dec., 4^
113,400,000
93,600,000
Total December
207,000,000
517,500
1154»0^
4*2 weeks.
January, 5 weeks
113,400,000
104,000,000
283,500
2GO,000
63,CKO
52,000
:.
217,400,000
543,500
115,000
4 weeks.
February, 4 weeks
104,000,000
260,000
65,000
83,200,000
208.000
52XJOO
187,200,000
463,000
117,000
117,000,000
83,200,000
292,500
208,000
65,000
52,000
200,200,000
500,500
117,000
130,000,000
104,000,000
325,000
260,000
65,000
234,000,000
585,000
1174*0
weeks
Continent, December, 4ht weeks..
Great Britain, January,
Continent,
;
Great Britain, February,
Continent,
Total February
Great Britain, March, 4*2
weeks...
Continent, March, 4 weeks
Total March
weeks
Continent, April, 5 weeks
Great Britain, April. 5
Total
'
\
Total January
April
Great Britain, May, 4
weeks*
Continent, May, 4 weeks
Total May
260,000
236,000
irtffr,
252,000
200,500
100,800,000
*
913,329,000 827,429,300 2.283,322:2,068,570
400 lbs.
Bates per
400 Act
1,974,570
2,005,620 l,a36,810 902,529,000 789,828,300 2,256,322
Supply to June 1....
Consumption same
monthly record is as follows.
Bales
Conti¬
nent.
So long as
of estimate.
Great Britain, Oct. to
weeks
228,000
208,000
174,400,000
436,000
117,000
2,173,000
723,200,000 1,808,000
62,06551,60S
869,200,000
weeks
654W*
83,200,000
91,200,000
June, or 35
Continent, Oct. to June, or 35
524*00
52,000*
113,740
1,592,400,00< 3,981.000
of the weight of bales
Total from Oct. 1 to June 1
This is really for only about 3** weeks, alio want • l>3ing mad* far
this 'month, finding it up to June 1 to be 450 pounds for
the Whitsuntide holidays.
Great Britain and 430 pounds for the Continent, against
As we have stated above, it seems to us hardly probable
451 pounds for Great Britain and 432 pounds for the
that England will continue to use 65,000 bales weekly
Continent, last month. This lowering of the average is
through the summer. In fact, as we look at itr there mi2S&
probably due to the larger arrivals and takings of East be great doubt whether Mr. Ellison has not overestimated
India cottons. In spinners’ surplus stock it will be noticed
the past month’s consumption. We reach this coneioska^
that there is a further decrease for Great Britain, and a
first, from the fact that Mr. Samuel Smith of Liverpool *****
continued increase on the Continent—Great Britain being Mr. W. C. Watts both
put it less; and in the second places
now reduced to 110,000 bales, while the
Continent holds we can hardly conceive how it can be so large, judgiBg;
the large amount of 260,000 bales.
It is, however, usual from the condition of trade in Great Britain,;the late re¬
for the Continental spinners to carry considerable stocks at
ports showing a relapse to decided dulness. This dulness
this date ; furthermore, Mr. Ellison includes in his Con¬
has been in great part produced by, and is a natural
tinental spinners’ surplus, cotton which may be actually in
result of, the decreased orders we are sending out for iron
the Swedish and Russian ports, &c., places where no regular
and other English products, but is also to some extent t«>
statistics are kept, and therefore as soon as entered goes
be attributed to the sudden check which is reported in the
out of sight ; hence it is counted as in spinners’ posses¬
demand from China for cotton goods. It cannot be ex¬
sion.
To exhibit the total consumption thus far this
pected that the United, States should make as large ptav
season, and for the same eight months of previous years, chases in
England during the next six months as it has.
we have prepared the following.
been making of late.
Our warehouses are full of foreaga
Bales 400 lbs. per week
Total
Potinds
omitted).
(0008
Consump.,
goods, and we must first consume them or at least bring;
Europe,
October 1 to
stocks within a more manageable compass.
As to the:
Bales 40Q Great Conti¬ Total
Total
Conti¬
Great
June, or
Brit'n. nent. Europe.
lbs.
Eastern trade, doubt will hang over it until the Russian
nent.
Europe.
35 weeks. BritHn.
113,740 difficulty is settled.
For these reasons we are led to con¬
1879-80... 869,200 723,200 1,592,400 3,981,000 62,085 51,655
100,542
47,000
53,542
1878-79... 749,600 658,000 1,407,600 3,519,000
clude that subsequent circulars of Mr. Ellison will, for a tune
1877-78... 812,000 658,000 1,470,000 3,675,000 58,000 47,000 105,000
109,278 at least, show a smaller consumption in Great Britain..
1876-77... 864,900 S65.000 1,529,900 3.824,750 61,778 47,500
Mr. Ellison lowers the average
*
-
(512
THE
CHRONICLE,
[Vol. XXX.
approved in April which put State banks on the
same
footing as the nationals. So far as taxing banks,
The new bill for the taxation of banks and
moneyed under the limitation just stated, is concerned, there
capital, left in the Governor’s hands, and, at the appears to be
already law enough under the act of 1866,
present writing, still unsigned, differs in important par¬ as
qualified by the one approved in April and by the
ticulars from the one which was vetoed early last month.
decisions of the Supreme Court.
On the other hand,
That one contained but the single provision that all
there is a law extant by which trust
companies are taxed
non-resident persons and associations doing business as on a
valuation equal to their capital and 90
per cent of
merchants, bankers, or otherwise in this State, as princi¬ their
surplus combined, with a real estate deduction.
pals, agents, managers, or as partners, “ on all sums used Thus this bill is open to
the positive objection that it
“
or
employed in any manner in said business, whether would not only impose an immense tax
upon outside
“money or credits,” be subject to the same assessment corporations, but would
a
put
duplicated tax upon trust
and taxation as if they were residents of the State.
The companies.
new bill is less
general in terms but wider in application
But viewing the bill in relation to
public interests we
and more specific in detail ; it is not confined to a
single have found nothing in it which is useful and much that
class, and has evidently been framed with more care is objectionable.
Furthermore, in considering the tax
than the other.
on outside
banking capital we must inquire not whether
It provides, by section 1, for a State tax of one-half
per the tax is intrinsically just in its relation to home bank¬
cent “on the average of all sums used or
employed” in this ing capital, but whether its effect, as matters stand, will
State by all foreign corporations that receive
deposits, be beneficial. The bill already vetoed was fair on its
make loans, sell exchange or letters of credit, “or are in
any face, because it laid no tax in special terms, but declared
manner
engaged in business as bankers” in this State. This broadly that capital entering the State from
without, to
section is evidently less severe than the operation of the do
any kind of business, should be treated, for purposes
vetoed bill would have been. The vetoed bill would have ofr
taxation, exactly like similarly employed capital
speedily driven outside banking capital away; but a tenant located within the State. This looks, on its
face, like a
may be ejected as surely, although not so quickly, by taking
way of distributing disadvantages evenly, and of
out a window as by
taking off the entire roof, and whether securing to local capital the same conditions under
this capital can afford to stay, under
any such burdens, is a which outside capital operates
here; but the case was
serious question. It must be answered
by the owners of one of those which “ circumstances alter.” If a lame
this capital from their standpoint
alone, and will turn man is borne on the shoulders of a strong man, a
propo¬
upon the other question whether they can do better with sition to cut a
leg off the latter would hardly commend
their funds elsewhere; if so, no consideration for the
itself to the lame one merely because it would
even
interests of the city and State will
weigh in the least. matters between the two. The proper way of
removing
The probability is that the bill will induce such with¬
discriminations would be to take off some of the burden
drawal, and that it will, therefore, result in injury by from local capital, not to
put the like upon outside
further depleting our local
banking facilities.
capital operating here. Equality thus secured would be
Section 3 applies to every bank or trust
company genuine, and would operate to the general
advantage,
organized under either State or United States law, and while
equality attempted in the latter way merely
provides for taxing stockholders therein on the value of extends to outside
capital the overtax, and that capital
their shares.
Such shares are to be included in the throws off such
equality by crossing the State line again,
personal valuation of the owners, at the place where
leaving a general injury, out of which not even local
the bank is located, without
regard to the place of the capital can draw any material benefit. The
injury
owner’s residence; the stockholder “ shall be allowed all
is that an expulsory taxation is evaded
“
by flight, and
the deductions and
exemptions allowed by law in business is injured by further crippling of
“
banking facili¬
assessing the value of all other taxable property ties.
“
owned by individual citizens of this
As we have heretofore shown,
State, and
“
banking capital in
the assessment or taxation shall not be at a
this city, under a tax pressure about double that
greater
“
^f
rate than is made or assessed
and
upon other moneyed Boston
Philadelphia,
has
diminished
almost
“
capital in the hands of individual citizens of this State.” 24 millions, or 28
per cent,
in the last eight
The proportionate deduction on account of real estate
years, while in those two cities it has increased, until now,
in which any part of the bank’s
capital is invested is also although population here is more than three times, and
provided for. The remaining sections provide that a list clearings are over twelve
times, that of Boston, the bank
of stockholders and “ a full and accurate account of
the capital of this city is only about
$10,000,000 m®re than in
“
moneys, used or employed, andof the deposits therein,” Boston. It is
impossible to add force to this contrast by
shall be kept; that in case the stockholder does
not any comment. The point is that, matters
being as they are,
reside in the place where the bank is located the tax
outside banking capital has come in to fill the
void, and
officers shall have the same powers as when an assessed thus this
condition has had its injurious effects in a
person has moved away, and the tax shall attach as a measure counteracted—the lame
man, lamed by shots
lien to the shares; a]so, that the amount of all
taxes from unwise legislation, has found a
strong man to carry
levied under the act shall be withheld from
dividends him. It is now proposed to lame the other man also 5
declared until the stockholder has
but be will not stay to be subjected to that
paid it.
process, and
There has evidently been a careful
attempt in the provi¬ it would be far wiser to try to heal the lame one. This
sion above quoted to conform to the recent
Supreme Court bill must be regarded as a product of the unreasoning
decision, upon which we have several times commented assumption, which
clings persistently to legislatures, that
So far, so good ; but this is a
it
rests
with them to decide how much banking capital
negative merit after all?
for it can
hardly be deemed necessary to pass a law shall pay. It would be much better to look at the subject
merely to reaffirm what the highest court has decided. from another direction, and to try to attract banking
Under that decision the national banks were
already capital hither instead of experimenting with its en¬
secured against discrimination in this
matter, and a law durance.
THE NEW BILL TAXING BANKS.
was
,
June 12,
613
THE CHI10N10LE.
1330.]
RAILROAD EARNINGS IN MAY, AND
JANUARY 1 TO JUNE 1.
GROSS EARNINGS FROM JAN.
FROM
1880.
1 TO JUNE 1.
Increase. Decrease.
1879.
$
Alabama Gt. Southern
Burl. Cedar Rap. & No..
Cairo & St.Louis*
Central Pacific
243,946
828,968
134,327
6,749,539
Chesapeake & Ohio
Chicago & Alton
Chicago & East. Illinois.
Chicago Milw. & St.Paul
1,041,888
2,786,999
439,498
4,409,000
Chicago & West Mich.*.
Cincinnati & Springfield.
Clev. Col. Cin. A Ind....
Clev. Mt. Vernon & Del.
306,025
..
reports for the month of May are exceedingly
favorable in comparison with the same month of 1879. The
increase on the total earnings of all the roads embraced in the
table below is, in round figures, about twenty-four per cent
over the total for May, 1879.
This is a trifle below the per¬
centage of increase in April, but still it is very large, and it
will be noted, too, that the number of roads reporting this
month is smaller than in April. The directors of the Atchison
Topeka & Santa Fe Railroad Company have voted not to pub¬
lish the earnings of the road any more. This is a step back
towards the dark ages, and is a direct hit against the Darwin¬
ian theory of the progressive development of man. We least
expected such a measure to be adopted in Boston, and by a
The railroad
6,737,313
467,578
Chicago & Northwest...
Chic. St, P. & Minneap.*
338,563
1,512,994
174,136
439,092
Detroit Lans. & No.*
Flint A Pere Marquette.
621,738
3,984,543
1,914,421
Grand Trunk of Canadat
Great West’ll of Canada;
Hannibal & St. Joseph..
Ill. Central (Ill. line)
Do
(la, leased lines)
Internat’l & Gt. North..
948,289
2,278,917
....
631,870
612,518
422,437
256,077
Kan. City F. S. & Gulf*.
Kan. City Law. & So.*...
Little Rock & Ft. Smith.
79^857
164,089
543.645
87,686
285,323
46,641
0,412,320
337,219
377,537
664,351
1.736,119 1,050,880
321,878
117,620
3,236,501 1,172,499
........
5,567,245 1,170,068
384,905
82,673
231,774
244.455
74,251
94,108
1,204,735
308,259
147,001
358.456
444,213
3,432,176
1,676,291
785,499
2,068,289
579,035
597.645
289,870
150,387
106,441
2,124,526
27,135
80,636
177,525
552,367
238,130
162,790
210,628
52,835
14,873
132,561
105,690
63,777
922,257
corporation, too, whose great boast it is that it has maintained
170,218
only successful opposition to Jay Grould west of the Missouri
Louisville & Nashville
3,046,783
River. The greatest increase in earnings for May is on the Minneapolis & St. Louis*
63,897
145,147
209,044
1,020,916
652,793
1,673,709
Wabash St. Louis & Pacific, which now reports the earnings on Missouri Kansas & Tex..
764,970 124,618
Mobile & Ohio.
889,588
about 1,720 miles of road, against 1,300 miles, or thereabouts, N. Y. Cent. & Hud. Riv. 13,039,001 11,135,145 1,953,856
31,918
36,166
68,084
North Wisconsin*
53,028
113,105
reported for 1879. The Union Pacific, the other mammoth con¬ Ogdon. & L. Champlain.
166,133
101,655
38,921
140,576
solidation, operated under the same control, does not furnish Paducah & Elizabetht’n*
19,030
57,774
Paducah & Memphis*...
76,804
331,078
183,017
definite reports, but the Boston Transcript says that the esti¬ St.L.A.&T.H. main line.
‘ 514,095
216,030
39,850
Do
255,880
(branches).
mated gross earnings show an increase of $544,000 for the St. L. IrondoMt.&South’n.
1,647,174 631,085
2,278,259
431,588
511,587
943,175
month of May over the earnings of the three individual roads St. Louis & 8. Francisco.
407,470
146,737
St. Paul & Sioux City
554,207
106,418
6,451
(now forming the consolidated line) during the same time last Scioto Valley
112,869
485,042
53,780
Toledo Peoria & Warsaw
538,822
year, a gain of 35 per cent. The officers of the company make Wabash St. Louis & Pac.
2,996,648 1,365,161
4,361,809
an estimate of the increase brought by new branches, and,
Total
67,369,732 53,551,616 13,818,116
deducting this, the roads show an increase of $327,000 for the Net increase
13,818,116
month, or a gain of 21 per cent.
Three weeks only of May in each year.
The trunk line roads—N. Y. Central & Hudson, Erie, Pennsyl¬
1 From January 3 to May 29.
X From January 2 to May 28.
vania and the Canada roads—are all conspicuous for their great
The statement below gives the gross earnings, operating
increase in earnings during the present year. And this increase
is more significant with these companies for two reasons—first, expenses and net earnings for the month of April, and from
that they are operating substantially the same mileage this year January 1 to April 30, of all such railroad companies as will
furnish monthly exhibits for publication :
as last; and, secondly, that their increase in net earnings, on
GROSS EARNINGS, EXPENSES AND NET EARNINGS.
account of higher freight rates, is quite as remarkable as the
-Jan. 1 to April 30.-April.1879.
1880.
1879.
1880.
increase in gross receipts. As to these roads, the salient fact is
$
$
$
$
Atlantic Miss. & Ohio—
637,343
482,260
pointed out that the whole traffic of the West must yet come
Gross earnings
143,099 118,113
295,173
290/709
73,626
Oper’gexp. (mcl. extr’y)..
78,606
over the five great lines from Chicago eastward, and the build¬
187,087
346,634
44,487
64,493
Net earnings
ing of every new line at the West simply adds to the traffic
the
..
.......
'
.
which these roads must share.
The Pennsylvania Railroad
earnings from Jan. 1 to April 30 were analyzed in the Chronicle
of May 29, on page 556, showing that on all its lines east and
west of Pittsburg the increase in net earnings for those four
months was $2,633,213—this increase alone being equal to
nearly 4 per cent on the whole capital stock.
GROSS EARNINGS IN MAY.
1879.
$
1880.
Alabama Gt. Southern..
Burl. Cedar Rap. & No..
Cairo & St. Louis*
Central Pacific
Chesapeake & Ohio
Chicago & Alton
Chicago & East. Illinois.
$
44,145
149,504
178.824
421,937
65,334
Chicago & North west...
Chic. St. P. & Minneap*.
1,794,700
71,621
Chicago & West Mich.-..
Cincinnati & Springfield.
43,791
Clev. Col. Cin. & Iud
Clev. Mt. Vernon & Del.
Detroit Lane. & North*.
Flint & Pere Marquette.
303,906
34,401
63,713
Grand Trunk of Canada!
Great West’n of Canada;
Hannibal & St. Joseph..
Illinois Central (Ill. line).
Do (Iowa leased line).
Internat’l & Gt. North...
Kan. City F. S. & Gulf*.
Kan. City Law. & So.*...
Little Rock & Ft. Smith.
Louisville & Nashville..
727,212
356,454
189,125
497,134
129,720
92,840
55,192
37,141
21,471
627,600
31,346
Ogdenb. & L. Charnpl’n.
44,108
Wabash St.Louis & Pac..
Total,
1,433,365
115,969
274,626
130.148
2,540,998
Paducah & Memphis*...
St. L.A.&T.H. mainline.
Do
do (branches)
St. L. Iron Mt.&South’n.
St. Louis & S. Francisco.
St. P. Minn. & Manitoba
St.Paul & Sioux City. ...
Scioto Valley
Toledo Peoria & Warsaw
857,323
65,803
Missouri Kansas & Tex..
Mobile & Ohio
N. Y. Cent. & Hud. Riv.
N. Y. & New England...
North Wisconsin*
Paducah & Elizabethan*
174,267
'
4,809
19,372
8,700
99,235.
50,170
372,280
175,863
281,899
130,809
119,720
946,186
14,649,613
*
42,795
1,804
141,652
107,470
100,132
72,517
679,464
435,296
426,695
283,824
34,182
27,615
244,168
142,871
28,032
25,604
26,780
19,708
163,220
104,856
156,058
87,737
2,428
7,072
63,364
68,321
221,559
180,814
162,611
131,020
845,337
648,721
463,823
40,745
31,591
196,616
21,704
Chicago Burlington & QuincyGross earnings
1,260,319 1,018,755
Operating expenses
710,391 618,007
5,095,021
2,606,711
4,177,968
2,358,520
400,748
2,488,310
1,819,448
441,934
260,081
198.339
Expenses
earnings
Carolina CentralGross earnings
Operating expenses
Net
Net earnings
Chesapeake & OhioGross earnings
Operating expenses
.
549,928
Net earnings
Canal Company’s roads :
Albany & SusquehannaGross earnings
120,558
78,958
48,873
51,794
30,085
181,903
135,305
Operating expenses
98,381
59,297
83,942
47,095
391,575
216,061
375,949
204,153
Net earnings
39,084
41,847
175,514
171,796
56,126
Net earnings..
Delaw. & Hud.—Penn.
Gross earnings
27,244
124,860
67,154
Div.-
55.054
51,802
408
7.159
6,792
13,663
6,781
201,850
9,929
56,794
12,556
329,987
5,900
1.160
13,489
6,624
6,946
63,210
37.163
302,641
87,108
1,754
36,025
13,007
69,639
88,755
268,657
92,023
13,242
2,815,572
New York & CanadaGross earnings
35,319
33,307
23,315
220,263
122,008
118,593
Operating expenses
Net earnings
20,807
9,992
98,255
35,578
164,598
88,931
110,586
62,629
547,321
309,096
373,283.
260,258
75,667
47,957
238,425
113,025
Rensselaer & Saratoga^—
Gross
earnings
Operating expenses
Net
earnings
Total of Delaware &
Hudson Co.’s roads—
earnings
439,663
252,311
311,794 1,601,345 1,201,470
745,765
907,248
181,912
187,352
129,882
351,900
243,100
295,100
253,500
103,bOO
41,600
' 247,807
158,318
131,303
1,077,384
180,374
661,470
582,093
67,433
27,015
415,914
291,232
''557,083
394,742
396,033
267,690
2,419,166
1,436,530
1,698,776
1,073,819
162,341
128,393
982,636
624,957
Net earnings
Great Western of
Canada—
p^rnings
•
O np.rati
n & p. x non
spa
"Wpt. parninffs
Houston & Texas
Gross earnings
Central-
Operating exp. and taxes..
1,091
83,015
Operating expenses
Gross
38,786
3,228
10,840
381,092
333,643
68,764
Operat’g expenses
683
3,649
30,619
12,748
485,527
Delaware & Hudson
6,646
11,834,0412.816.663
Three weeks only of May in each year,
t For the lour weeks ended May 29.
For the four weeks ended May 28.
46,466
277,677
361,335
35,084
61,909
88,725
19,420
108,880
565,094
22,648
17.727
180,195
261,111
NortlTn—
Net earnings
10,362
6,482
12,338
445,332
130,128
85,681
48,400
23,478
14,690
425,750
21,417
217,832
117,592
2,211,011
168,367
$
151,409
65,139
31,453
59.162
602,352
289,300
134,071
Net increase
+
13,707
32,554
196,551
602,132
111,800
1,135,000
Minneapolis & St. Louis*
30,438
14,137
1,579,591
Decrease.
$
116,950
24,490
1,731,000
Chic. Milw. & St. Paid..
Increase.
Burl. Cedar Rap.&
Gross earnings
Net earnings
Louisville & NashvilleGross earnings
Operating expenses
Net
earnings
*
694,097
4
55,705
873,325
614
THE
CHRONICLE
rvoL. xxx.
*
1880.
1879.
$
.$
$
128,506
721,711
$
593,316
196,894
93,307
£402,190
362,950
58,572
35,199
319,521
230,366
1,643,151 1,372,755
Hashv. Cliatt. & St. Louis—
Croes earnings
Operating
155,466
expenses
Het earnings
Y. .Lake Erie & West.—
Gross
earnings
Operating expenses
Het earnings
northern CentralGross earnings
Operating
v,—Jan. 1 to April 30.—.
April.
,
expenses
1879.
1880.
962,827
964,455
5,836,708
3,721,053
5,094,099
3,805,568
680,324
408,300
2,115,655
1,278,531
386,130
272,562
328,869
1,466,809
974,987
1,201,645
233,934
802,509
Het
earnings
113,568
89,935
491,S22
399,136
Pennsylvania (all lines east of Pittsburg & Erie)—
Gross earnings
3,488,366 2,630,022 12,794,679 10,314,553
Operating expenses
1,992,784 1,598,994 7,189,369 6,103,785
Het earnings
.Philadelphia & Erie—
Gross earnings
Operating expenses
1,495,582 1,031,028
Het earnings
Gross
earnings
Het earnings
St. Louis fron Mt. & South’n—
Gross
earnings
Operat. and extr’y
•
exp..
.
Het earnings
St Paul & Dulutli—
Gross
earnings
Operating
expenses
215,607
172,340
1,132,304
700,023
878,130
136,135
43,267
432,281
268,677
55,700
23,900
41,704
31,883
167,593
31,800
9,821
80,016
42,631
408,241
319,525
318,196
298,732
1,905,979
1,225,504
1,344,533
974,939
88,716
19,464
680,475
369,594
39,131
36,660
27,641
27,891
148,432
125,456
101,527
84,942
2.471
def. 250
22,976
16,585
Het earnings
r
The
following figures have but recently
March
1880.
•Atlanta & Char. Air Line—
earnings.*
Operating expenses
Het earnings
Chicago & Alton—
Gross earnings
Operating
expenses
Het earnings
••Grand Trunk of Canada—
Gross earnings
Operating
expenses
Het earnings
come
to hand.
✓-Jam 1 to Mar. 31.^
1880.
1879.
1879.
$
$
78,910
75.806
47,527
47,031
$
197.494
123,462
31,383
28,775
74,032
626,473
386,458
327,370
189,418
1,647,541
995,109
97.8,788
588,780
240,015
137,952
652,432
£
390,008
£
£
£
180,370
121,138
143,150
118,537
496,006
353,028
434,335
353,628
59.232
24,613
142,978
80.707
February
B*trL & Mo. River in Nebraska— $
5t>
Gioss earnings
156,071.
127,896
Operating expenses
31,093
52,141
/*■
Het earnings
609,453
S7,577
v
$
Gross
4,210,768
334,947
198,812
Pittsburg Titusville & Buffalo
Operating expenses
5,605,310
.
124,978
247,197
,—Jail. 1 to Feb. 29.—.
$
311,401
75,755
75,484
$
260,594
114,218
235,917
146,376
*
Estimated.
f. Hot including
taxes in 1880, although included in 1879.
Z Hot including taxes for March and April, 1880.
fjfopttetar g g (florom txcixd English IXtms
“SATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE ON LONDON.
May 2 7.
Time.
Rate.
Paris
Short.
Paris
Amsterdam.
Amsterdam.
3 mos.
Short.
3 mos.
25*30
a 25*35
25*47 Lj®25*5212
12*112 ® 12*212
12*37s ® 12*4*8
4ft
Antwerp
Berlin
Frankfort...
Hamburg
ftft
ftft
...
JSt-Petersb’rg
ftft
Vienna
Genoa
Madrid
Cadiz
Las lion
ftft
12*00
..
Short.
25*31i2
May 27
Short.
12*712
27 Short.
27
25*33
20*46
ftft
®20*66
®
May 25
3
25q
mos.
12*0212 May 27
ftft
11*79
*
*
*
*
*
*
*
*
*
90 days
52i2®525g
3 mos. 18*42
18*45
j
May 27
....
Is. 8d.
Is. 8d.
....
3
mos.
97
mos.
Is. S^ifld.
(
[From
our own
9
May 28 4
Majr 28
1 May 28
May 28
....
60 days
ft*
Kong Kong..
May 27
the movement
was
as
engaged in it, the result has been
to
those
early
disastrous to many who
believed that it would make further progress. The state of
pur trade now, although it shows a marked improvement com¬
pared with last year, is still the cause of much disappointment.
The agricultural section of the community is not yet
deriving
a substantial advantage from the more favorable
season, and
have not augmented their purchasing power. The public also
continue to practice the economies which adverse circumstances
have fostered, -and are inclined to cling to these new habits
until they make up for past losses. The desire evidently is to
trade and to live with caution, and though this is very
desir¬
able, and is calculated to promote sound trade, yet it scarcely
leads to the conclusion that business will assume any unusual
degree of activity. It is also the impression that if the har¬
vests of the world should prove to be as abundant as has been
anticipated, and if the expected fall in the price of wheat takes
place, our trade with the United States will become less satis¬
factory. It is contended that what we shall gain from a better
home trade we shall lose in our foreign trade; but, at the same
time, cheap food, and especially cheap bread, acts as a powerful
stimulus to business. There is certainly not that confidence in
the future which was entertained earlier in the year, but there
is still a belief in improvement.
Rain has fallen in some parts of the country, but throughout
the southern districts the drought continues, and all the latersown crops are suffering,
though not to any serious extent.
Winter wheat looks very promising, and a continuance of the
present weather will speed the harvest to a very considerable
extent.
Pastures and roots require a copious fall of rain, but
the indications of it
very
few, and the barometer leads us to
period of dry weather has not yet
terminated. The probability seems to be that the yield of
wheat will be good, not in the aggregate—for the area of land
under wheat is small—but per acre, and that the quality will
be good. Our graziers may, however, have difficulties to con¬
tend against, as cattle food promises to be scarce, and this may
have the effect of ultimately making meat dear.
Coin and notes have been returned from provincial circulation
during the week, and the reserve of the Bank of England has
been augmented to the extent of £583,482. The proportion of
reserve to liabilities at the Bank is now 47*55
per cent, against
46T6 per cent last week.
Loans have been repaid the Bank,
are
draw the conclusion that the
and the
more
market to
ing
are
favorable Bank statement has caused the money
somewhat easier appearance. The follow¬
assume a
the present quotations
Per cent.
3
Open-market rates—
30 and 60 days’bills
27e®3
27s®3
:
Open-market rates —
The rates of interest allowed by the joint-stock
discount houses for deposits are as under :
Joint-3tock banks
Discount houses at call
Do
with 7
Annexed is
or
14
Per cent,
4 mouths’ bank bills
3
^3*8
6 months’ hank bills
4 & 6 months’ trade bills. 3^ cb 4
banks and
Per cent
2
2H
2h
days’ notice
statement
showing the present position of the
England, the Bank rate of discount, the price of Con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers’ Clearing House
return, compared with the three previous years :
a
Bank of
47*s® 47 5s
47^8® 477s
ftft
Alexandria..
Rate.
27*9212®27*9712
ftft
Bombay..
Time.
® 20*66
24l*ifi®24l5iK
ftft
Copenhagen.
Calcutta
20*62
20*62
great rise which took place in prices in the
Profitable
3 months’bills
Latest
Date.
*25*52 -*2 ®25*57 J2' May
20*62 ®20*66
May
ft<
autumn.
Bank rate
EXCHANGE AT LONDON-
On—
the effects of the
correspondent.]
ftft
ftft
ftft
Is. S*i«d.
3s. 10*sd.
5s. 3i2d.
1880.
1879.
1878.
1877.
Circulation, including
£
•
£
£
&
Bank post bills.... 28,008,489 29,137,787 27,384.777 23.210,318
Public deposits
7,421,429
8,022,108
6,523,303
6,743.142
Other deposits
25,517,047 28,281,999 21,235,865 22,141,497
Governm’t securities. 15,689,832 14,675,257 15,556,488 15,364,904
Other securities
19,403,293 20,190,996 19,070,370 19,082,728
Res’ve of notes & coin 15,787,685 19,400,278 11,388,102 12,058,767
Coin and bullion in
both departments.. 27,538,300
33,278,018 23,451,882
25,009,137
Proportion of reserve
London, Saturday, May 29, 1880.
to liabilities
47*55
53*06
40*06
41%
Without any very distinct change
3 p. c.
2 p. c.
21a p. c.
3 p. c.
being apparent, the money Bank rate
Consols
99%
99*8
97^
05%
?rarket has, perhaps, assumed a somewhat easier
appearance Eng. wheat, av. price
41s. 4d.
68s. 6d.
44s. 8d.
57s. 2d.
Mid.
Upland cotton..
daring the week, rather more disposition having been shown to
67sd.
6310d.
5rt16d.
6Higd.
Clearing-House ret’n. 84,791,000 77,938,000 75,873,000 79,810,000
Titrrk under the Bank rate. There is,
however, no tendency to
There has been scarcely any demand for gold for export
a. decline in the rates of
discount, and capitalists still look forduring the week, and very small supplies have arrived from
'vard to dearer money in the autumn. Public confidence
has»
however, been somewhat injured during the week by the sus- abroad. The silver market is scarcely so firm, but exhibits no
important change. Mexican dollars are lower, owing to a fall
pension of- the Philadelphia & Reading Railroad
Company, in the China
vhieh has led to failures on the London Stock
exchange. The following prices of bullion are
Exchange from Messrs.
Pixley & Abell’s circular:
-aniong dealers in American railroad securities. The produce
GOLD.
8.
d.
8. .d*
markets are also in an
unsatisfactory condition, and one failure Bar gold, fine
....per oz. standard. 77 9 ®
is reported; but the
gold, containing 20 dwts. silver, per oz. standard. 77 10i2®
--importance of it is by no means great. Bar
Spanish doubloons
to O
peroz. 74 6 ®
Speculation in many branches of industry has undoubtedly South American doubloons
per oz. 73 9 ®
States gold coin
peroz. 76 3^®
carried beyond reasonable bounds, and we continue to feel United
German gold coin
peroz. 76 3%®
•
>
— -
•
Mexican dollars
Chilian dollars
Quicksilver, £6 10s.
The following are
Bank
...
Berlin
Hamburg
Frankfort
Vienna
gt. Petersburg
..
2*2
2*8^238
3
23^0)3
3 U>3H
2!5s®278
4
4
4
4
6
...
...
...
...
...
..
Bank
Open
rate.
Pr. ct.
market.
Pr. ct.
4
4
Genoa
Geneva
Madrid, Cadiz &
Barcelona
Oporto.
2*2®2%
Lisbon &
2%fz>3
3*871)378
4 %'S) 5 *4
Copenhagen
New York
Calcutta
following figures show the imports and exports of cereal^
produce into and from the United Kingdom since harvest, vizl,
from the first of September to the close of last week, com*
The
pared with the corresponding period in
discount at the prin¬
Open
3*2
..
Od. '
market.
Pr. ct.
rate.
Pr. ct.
Amsterdam....
Brussels
52*i6 'S)
52716 @
56*4 ®
52 2>
per oz
7D
Discount, 3 per cent.
standard, nearest.
standard, nearest.
per oz.
per oz., nearest.
the current rates of
cipal foreign centres:
d.
d.
silver.
per oz.
gold pr oz.
silver, fine
silver, containing 5 grs.
Cake silver
Bar
Bar
Paris
4
3*22)4
4
6
4
2)5
IMPORTS.
4
5
Wheat
cwt.44,067,416
Barley
11,459,002
6
EXPORTS.
1879-80.
1878-9.
1877-8.
951,841
1,306,088
1,380,118
71,124
14,994
10,683
324,834
103.570
67,747
17,139
17,171
186,975
55.301
cwt.
Wheat
87,629
36,538
416,869
123,197
Peas
Beans
Indian corn
Flour
English Market
Reports—Per Cable.
daily closing quotations in the markets of London and1
Liverpool for the past week, as reported by cable, are shown io
The
the following summary:
London Money and Stock
improved demand for Continental govern¬
ment securities. These have been somewhat neglected of late,
and as several of them yield a fair return of interest to the
investor, more desire is shown to purchase them.
Russian
bonds have somewhat improved in value, notwithstanding that
the Government is placing a new loan of £15,000,000 at home.
The Russian Government is evidently of opinion that an exter¬
nal loan would be difficult to float, and it is a very generally
accepted fact that no prominent firm is yet willing to negotiate
maintain their value, in
of
Market.—The bullion in the Bank
England has increased £389,000
Sat.
June
5.
Silver, per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. 8. 4*28 of 1891
U. S. 4s of 1907
Erie, common stock
d. 523i6
Illinois Central
Pennsylvania
Philadelphia& Reading.
Central
TUC8.
52*16
52*16
98*16
June
8.
98*16
98*16
....
98*8
105*8
111%
111*4
35%
105%
98*8
98*8
105*8
111%
111*4
33*8
103%
105*8
112
111*4
34%
105
51
10 %
-
and favorable reports
respecting the growing
of wheat in the world, induce millers to operate very
cautiously, and to buy only to supply their more immediate
wants.
The wind during the week has been south, west and
northwest, and as a large number of vessels have been kept
back by the late easterly winds, a large fleet of over-due ships
is daily expected. The week’s imports have, however, been on
crops
52%
52*8
52%
98*!o
98°ig
98*! 6
98-! 6
OSVjs:
•
111*4
37*4
105%
51*2
10%
130*2
129*2
128*2
Thurs.
June
10.
112
51*4
51*4
FriL
Wed.
June
9.
105*4
11
New York
105*8
111%
111*4
38%
106*4
52*2
June
11.
.
105%
112
111%
37%
105
52
11
130
130*2
Market.—See special report on cotton.
Liverpool Breadstuff* Market.—
Thurs.
Liverpool Cotton
Wheat, No. l.wb.lOO lb. 9
Spring, No. 2...
Winter, West. ,n.
Southern, new.
Av.Cal. white..
California club.
9
10
“
“
“
10
“
“
9
10
8
3
4
7
3
9
Pork, West. mess.. $bbl.59
Bacon, long clear, cwt. .34
35
8bort clear
“
Beef, pr. mess, $ tierce.63
Lard, prime West. $cwt.35
Cheese. Am.
d.
0
0
6
0
9
71
0
59
33
0
71
choice “
35
63
35
d.
0
9
6
0
9
8.
d.
14 0
"911
9 9
10 4
10 5
9 7
10 3
4 10*2
4 10*2
Pet’leum, ref. $ gal... @
..
Pet’leum, spirits “
..
14
9
9
10
10
9
10
4
v
Wed.
36
d.
0
9
6
0
0
69
0
8.
59
33
35
61
d.
d.
6*2®6% 658©6% G*87i)
..
72) ..7 ^7*4 -- 7z>
d.
0
11
9
4
5
7
3
10
Thurs.
d.
8.
59 0
34 0
35 6
0
61
36 0
68 0
Thurs.
d.
Wed.
Tues.
Mon.
d.
Sat.
d.
8.
8.
Tues.
d.
8.
59 0
33 9
35 6
61 0
35 9
71 0
Market.—
London Petroleum
Wed.
Tues.
d.
8.
14 0
9 11
9 9
10 4
10 5
9 7
10 3
Mon.
d.
8.
14 0
9 10
9 8
10 3
10 4
9 7
10 3
4 10
Sat.
d.
Flour (ex. State)$cent’1.14 0
8.
8.
week.
during the week.
Mon.
June
7.
spite of the fact that every one knows the impecunious con¬ Corn,mix.,W.new.$cnt’l 10
4
dition of the Russian Treasury. The value of United States
Liverpool Provisions Market.Government securities has been well supported during the
Mon.
Sat.
Fine weather,
1876-7.
707,395
44,21383,450
21,658
, 25,72*
389,29*
30.773 •
44,380
96,950
26,118
79,047
Oats
the week has been an
Russian securities, however,
8,618,412 10,457,247 10,714,87*
7,935,363 8,330,656 7,547,165^
1,349,196 1,329,833
990,955
2,508,062 3,471,718 •
956,539
24,596,884 23,891.536 24,731,807
7,675,257
6,612,223 6,499,204 5,036,675
Barley
week the stock markets have
been in an unsettled condition, and the fall in American railroad
securities have led to numerous difficulties and to three failures.
Yesterday was settling day, and it was expected that several
members of the Stock Exchange would be “ hammered;” but
the fact of only three failures having been made public, during
the progress of the account, argues well for the stability of
business. All the more prominent home securities were at one
period rather depressed, but as soon as the account was ar¬
ranged a more sanguine view was taken of the future, the
grounds for renewed confidence being the somewhat easier tone
of the money market, fine weather and favorable railway traffic
returns. To these may be added the belief that the suspension
of the Philadelphia & Reading Railroad Company is by no
means likely to affect general interests, or to involve other
companies in trouble. A feature on the Stock Exchange during
35,203,729
10,076,124
1,496,479
1,946,479
20,162,364
Oats
Peas
Beans
Tndiau com
Flour
2>4*2
2)6
1877-8.
1S76-7.
42.009.092 29,469,1©*'
1878-9.
1879-80.
5 %®6
4@4*2
the three previous sea-
sons:
During the greater part of the
one.
615
THE CHRONICLE.
13, 1880.]
June
..
..
Frf.
ft.
14 O'
Oil
0 ©
io 4
io 5
o 7
io 3
4 IO
Frf.
50
34
35
©
O
©
30
©
67
o
*
_
Fri,
658®6%
.. (& .. 6‘^cdT^g
to await more liberal
A large business will ©nraraevcial audl^tisceUaiicows Hews.
probably be done as soon as the fleet arrives, as millers’ stocks
are low ; but any advance in prices is doubtful as long as the
Imports and Exports for the Week.—The imports of he&
weather continues so propitious. The English wheat offering week, compared with those of the preceding week, shear
is of the poorest quality, and requires a large proportion of a decrease in both dry goods and general merchandnr*.
The total imports were $7,316,695, against $9,982,497 the pre¬
..
@
very moderate scale, but millers prefer
offers before making larger purchases.
a
foreign produce to work it up.
During the week ended May 22, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 26,677 quarters, against 53,672 quarters last year ;
and it is estimated that in the whole kingdom they were 106,700
quarters, against 214,700 quarters in 1879. Since harvest the
sales in the 150 principal markets have been 1,158,600 quarters,
against! 2,086,157 quarters ; while it is computed that they
have been in the whole kingdom 4,634,400 quarters, against
8,344,700 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
commencement of the season, it is estimated that the following
quantities of wheat and flour have been placed upon the
The visible supply in the
British markets since harvest.
United States is also given :
1879-80.
1878-9.
Imports of wheat.cwt.44,067,416 35,203,729
6,612,223
Imports of flour
7,675,257
Bales of home-grown
produce
20,082,000 36,160,000
Total
t
Deduct
exports
wheat and flour
k
71,824,673
of
1,075,033
1877-8.
1876-7.
42,009,092
29,469,164
5,036,675
6,449,204
28,197,000 30,195,000
77,975,952 76,655,296 64,700,839
1,409,658
'
1,435,419
70,749,635 76,566,294 75,219,877
,Result
Av’ge price of English -
wheat for the season. 46s. lOd.
Visible supply of wheat
in the U. S.... bush.20,400,000
.
40s. 6d.
51s. 3d.
13,960,500
7,507,600
743,574
.
63,957,265
51s. 4d.
ceding week and $11,678,699 two weeks previous. The export*
for the week ended June 8 amounted to $9,240,630, against.
$8,042,822 last week and $8,859,558 two weeks previous.
following are the imports at New York for the week endzzge
(for dry goods) June 3 and for the week ending (for
merchandise) June 4: *
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1879.
1890L
1877.
1878.
Dry Goods
$804,914
$858,108 * $1,043,040 $1,304,539
General mdse...
5,724,864) 3,337,247
4,309,360
6,012,15©
The
general;
Total week
Prev.
Total s’ce Jan.
In
$4,695,355 $5,352,400 $7,316,695
122,500,029 132,217,715 219,607,!*® *
l.$148,482,479 $127,195,384 $137,570,115 $226,92*654
$6,529,778
reported.. 141,952,701
our
report of the dry goods
trade will be found the import*
exports (exclusive of
foreign ports for tbe-
dry goods for one week later.
The following is a statement of the
specie) from the port of New York to
week ending June 8:
of
EXPORTS FROM NEW
1878.
1877.
For the week....
Prev. reported..
Total s’ce Jan.
$6,023,957
YORK FOR THE WEEK.
$6,677,748
1879.
$5,540,533
1839.
$9,240,630*
112,951,134 145,507,518
133,287,900 150,609,004
1.$118,975,091 $152,185,266
$138,828,438 $165,849,724
exports of specie from the pertt
ending June 5, and also a com¬
parison of the total since Jan. 1, 1880, with the corresponding
The following will show the
of New York for the week
totals for several
previous years:
616
rHE
1432——SStctrrh..
CHRONICLE.
May.
29— Str. C. of Chester
31—Str. Acapulco
June.
3—Str. Niagara
5—Str. Britannic
5—Str. Rhein
£
Am.
Liverpool
Panama
Havana
$5,000
gold coin..
3,000
Span, g’d doubl.
Span, gold coin.
444,405
Total for the week ($54,815 silver and $448,855
gold)
Previously reported ($2,109,074 silv. and $1,001,030 gold).
Tot. since Jan. 1, ’80
($2,103,889 silv.
and $2,019,935 gold)
acre, which amount is not included iu the
the gross earnings of the road.
—Stock of the new consolidated
company has been placed on
the New York Stock Exchange list. The total amount
author¬
ized is $50,000,000, of which $41,960,000 have been issued.
The
consolidated company will operate 1,051% miles of
road,
and
also be the lessee of 296% miles,
making a total of lines owned
and leased of 1,348 miles.
Up to and including July 3, one
share of the old stock will be a
good delivery for two shares
of the new; after that date
only the new will be a
523
Mex. silv. coin.
Mex. silv. dols.
London
j price
of $8 62 per
statement of
2,450
Span. silv. dols.
Liverpool
.....
j
27,827
21,405
$503,070
3,710,154
..
[ Vol. XXX.
delivery.
Texas & Pacific.—The following were admitted to the N.
Y.
Same time inStock Exchange list: Stock to the amount of
Same time inSame time in$6,173,400,
held
in
1879
$9,731,333 1875
$40,737,546 1871
$37,308,920 trust in the names of Frank S. Bond, Alfred Gaither and W.
1878
T.
8,149.079 1874
25.048,150 1870
15,182,941
1877
Walters, surviving trustees, who have issued to the owners cer¬
17.337,918 1873
24.691,430 1869.....
14,046,020
1870
tificates representing their respective interests in the shares
25,003,131 1872
32,683,580 ! 1808
43,702,027
so
held in trust, the trust to cease on October 1 next. This
stock
The imports of specie at this port for the same
periods have will be dealt in on the Exchange in the shape of the trust certif¬
been as follows:
icates.
June.
First mortgage 6 per cent gold construction
bonds, issued and
1—Str. Athos
U. S. of Colombia...Am. silv. coin..
$2,159 to be issued on the Rio Grande
division,
to
the amount of
Am. gold coin..
552
$15,400,000. at the rate of $25,000 per mile, as 616 miles of road
Gold dust
1,210
between Fort Worth and the Rio Grande river at El Paso
Silver dust:
14
are
Alps
West Indies
Am. silv. coin..
54,001 constructed and put in operation.
The
bonds
are
dated
For.
January
$4,213,324
..
.
.
.
Herder
2—Str. Bermuda
France
For.
gold coin..
gold coin..
coin..
100,190
1,003
coin..
300,000
coin..
125
973
British West Indies.For. gold
2—Str. Amerique
France
For. gold
J. P. Auger
Mexico
Am. silv.
Algeria
England
For. gold
3—Str. C. of Alexandria..Mexico .*
Am. silv.
589
coin..
coin..
Am. gold coin..
For. silv. cofin..
Venezuela
Am. silv. coin..
Am. gold coin..
U. S. of Colombia...Am. silv. coin..
Am. gold coin..
For. gold coin..
Gold bars
Porto Rico
Am. silv. coin..
Am. gold coin..
Am. trade dols.
England
St. Domingo
Am. silv. coin..
Felicia
Clyde
*
4—Str. Canima
4—Str. Oder
4—Str. St. Domingo
Same time in1879
$4,673,275
1878
12,301,254
1877
6,956,915
1876
1,812,173
2,211
"
61
400
17,033
22,184
a translation of the document submitted to
the Prussian
Parliament by the Cabinet in 1879, with a bill
granting the power
and means necessary for
acquiring several important railroads
then owned by private corporations.
The Gazette has a good
list of books and pamphlets
published at its office, which may be
Same time in-
$3,103,221
7,010,220
obtained by
8,904.110
3,754,046
Balances.
June
“
“
“
“
“
5...
7...
8...
9...
10...
11...
Total
$
1,213,200 88
1,330,014 83
931,802 58
1,083,679 83
848,087 14
6,281,681 11
6,501,484 67
„
—Attention is called to the dividend notice of the
Metropoli¬
tan Elevated Railroad
Company, in another column. The com¬
Currency.
'
$
784,737 18
1,281,338 02
075,237 04
530,156 48
1,510,623 2»
1,719,392 15
874,835 85
Gold.
*
$
88,017,234 01
89,019,897 98
89,251.887 32
89,540,270 68
88.940,793 09
87.992,367 37
$
pany pays
8,867,540 20
8,513,552
8,481,101
8,594,478
8,767.018
8,844,139
was
its usual quarterly dividend of 2/£
04
51
25
47
to the
18
the 1st mortgage bonds of the Kansas
City Burlington
Fe Railroad, to the reqnired amount, has been
additional subscription will be taken until further notice.
—The interesting annual report of Mr. James M.
Swank,
secretary of the American Iron & Steel Association, may be had
for $2 per copy, by
addressing Mr. Swank at 265 South Fourth
& Pacific.—The following circular to
issued under date of June 5 :
F. H.
Street, Philadelphia.
—Dividend No. 56, of fifty cents per share, has been declared
by the Ontario Silver Mining Company for the month of May,
payable by Wells, Fargo & Co. on the 15th. Transfers closed
on* the 10th.
—The Deadwood Mining Company has
declared its sixth
monthly dividend (for May) of 25 cents per share, payable at
Wells, Fargo & Co.’s, on the 21st inst.
BANKING AND FINANCIAL.
As
a
good paying Investment
Tows, Treasurer.'
details of the last year’s opera¬
tions are reported. The
pacsenger earnings exhibit an increase
over the previous
year of $450,424 46 ; the increase in freight
earnings was $1,105,239 30; the increase in the
earnings from
miscellaneous sources was $96,165
26, showing a total increase
of $1,651,829 05. The
operating expenses and taxes were 52*40
per cent of the gross earnings.
stated in the report
that the condition of the road has
been materially improved
by
the introduction of 14,807 tons of
steel rails, by several new iron
bridges, and by increased bal¬
last and improved
buildings.
During the year 86,860 acres of land were sold for an
average
we
offer tUe
FIRST MORTGAGE BONDS
of the
NEW YORK WOODHAVEN & ROCKAWAY RAILROAD
COMPANY
Interest Seven per cent per Annum,
Payable January 1 and July 1, in New York City.
.
Principal
TOTAL AMOUNT OF ISSUE.
due in
1909.
$1,000,000
-----
Of which amount less than one-half remains unsold.
—The following additional
July
& Santa
made, and no
Powers of attorney now on file in the office
of the
izing the payment of dividends or the transfer of Treasurer, author¬
shares, will not be
regarded as sufficient to authorize the
payment of dividends hereafter
declared, or the transfer of any shares of the consolidated
corporation.
Shareholders who desire that such dividends shall
be paid to, or that
su®h shares shall be
transferred by, an attorney in fact, must execute
and. file new powers of
attorney, forms for which will be furnished on
application to the Secretary and Treasurer.
was
on
rumors as
eompany’s reducing its rate of dividend.
Secretary and Treasurer.
It
cent
—The New York, New England & Western Investment Com¬
pany gives notice in another column that the subscriptions for
The consolidation of the
capital stocks, franchises, privileges, rights,
immunities and properties of the
Chicago Rock Island & Pacific
Company, the Iowa Southern <fc Missouri Northern Railroad Railroad
Company,
the Newton & Monroe Railroad
Company, the Atlantic Southern Rail¬
road Company, the Avoca Macedonia
& Southwestern Railroad Com¬
pany and the Atlantic <fc Audubon Railroad
Company, was completed on
the 4th day of June, 1880. The
corporate name of the new corporation
is the Chicago Rock Island & Pacific
Railway Companjx
The holders of the shares of this
company are entitled to two shares of
the stock of the new
corporation for every share held of the capital
stock of this company. The
certificates for the new stock will be
only as the old certificates of this companv are surrendered to issued
the Sec¬
retary and Treasurer, at his office, at No. 13 William Street, New York.
All dividends hereafter will be
declared upon the capital stock of the
consolidated corporation, and will be
paid only to those who hold its
certificates. It is therefore very
important that the old certificates be
exchanged for the new with as little delay as possible, and
prior to the
closing of the transfer books—July 3—for the
August dividend.
The powers of attorney on
the back of each certificate now outstanding
must, before it is surrendered, be
signed by the owner whose name
appears in the bodj* of the
certificate, or by his or her attorney in fact,
authorized by a power of
attorney duly executed and filed intlie office
of the
.
per
1, 1880, and this notice will give a quietus to the
Chicago Rock Island
stockholders
addressing the publishers, 73 Broadway.
—The card of Messrs. P. F. Keleher & Co., bankers in St.
Louis, will be found on the first page of the Chronicle, and
particular attention is called to the fact that this firm is ready
to give information in
regard to the various securities which
they deal in.
following table shows the receipts and payments at the
Sab-Treasury in this city, as well as the balances in the same,
for each day of the past week:
Payments.
young and active business
while Mr. Cyrus Field, the special partner, has a world¬
wide reputation. * The firm, therefore, starts out with fair
pros¬
pects of becoming one of the leading stock-brokerage houses.
men,
This is
The
Receipts.
»
—The Railroad Gazette of this city has
published in neat
pamphlet style “ The Argument for State Railroad Ownership.”
$059,412
3,000,851
1871
1870
1809
1808
are
a
—
1,200
750
2,000
1,102
being
Attention is called to the card of Messrs.
Lapsley, Field
& Co. in to-day’s Chronicle. This firm is
composed of gentle¬
men well known in financial
circles, as Mr. Lapsley has been
connected with the New York Stock
Exchange for many year3.
Mr. Field, Jr., and Mr. Willard are
3,844
2,356
$1,742,007 gold) ..$4/200,263
Same time in—
1875
$6,407,332
1874
2,320,791
1873
2,591,211
1872
713,327
payable February 1, 1930, and, in addition to
first lien on the road, they are secured by a mort¬
gage upon any land scrip and lands which may be acquired
from the State of Texas by the construction of that
division of
road. The present amount admitted is
$5,000,000.
5,304
79,371
Total for the week >$180,775 silver and
$478,637 gold)
Previously reported ($2,337,421 silv. and $1,263,430 gold)
Tot. since Jan. 1, ’80 ($2,518,193 silv. and
20, 1880, and
their
This road will be
completed by June 1, and will control the entire
railroad travel from New York to
Rockaway Beach, where the finest
sea-side resort in the world is then to be opened to the
public.
The running time from New York to Rockaway will be but twenty-fUc
minutes, and the road and its appointments
are
of the highest
character.
We offer these bonds at 106 angl accrued interest.
«■
Investors
can
obtain full particulars and information at
our
office.
FISK & HATCH,
No. 5 Nassau Street,
New York
THE
1880.]
June 12,
Lackawanna & Western, both of
It is a notorious fact,
denied.
stocks is open to such attacks for
coal stocks, and they are easily
Jhc fLkutkxrs7 <5<uecttc.
NATIONAL BANKS
ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
2 480—The Peoples’ National Bank of Bellefontaine. Ohio. Authorized
capital, $100,000; paid-in capital, $50,000. Abner Riddle,
President; Robert Lamb, Cashier. Authorized to commence
1880.
Bank of Rising Sun, Maryland. Authorized capi¬
tal, $50.000; paid-in capital, $50,000. James M. Evans, Presi¬
dent; Hanson IT. Haines, Cashier. Authorized to commence
2,481—The National
business June 8, 1880.
DIVIDENDS.
The following
dividends have recently been
announced :
The closing
lows
Name of Company.
Railroads.
Chicago A Northwest com
3
1%
pref. (quar)
Connecticut River
Do
Books Closed.
June
Payable.
(Days inclusive.)
June 29 June 17 to June
June 29 June 17 to June
3%
2%
3%
2%
Lowell A. Andover
—
Morris A_ Essex
N. Y. Elevated (quar.)
N. Y. Cent. A Hud. R. (quar.)
N. Y. A Harlem
Miscellaneous.
0
4
$2
American Express
Atlau, A Pac. Tel. (quar.)
Western Union Tel. (quar.)
%
1%
June
Canada
29.
29.
7
June 13 to July
June 30 June 20 to June
July 15 June 20 to July
1
FRIDAY, JUNE 11,
1.
30.
15.
1880-5 P. M.
Financial Situation.—The New
York Stock Market has this week 'experienced a reaction as
sharp and decided as any movement which has been witnessed
Tlie NIoney
market and
of the last week in May
way to a buoyancy
like the most active
extreme*
this year. The
depression
and the first few days of this month gave
of feeling and a rise in prices which was
periods of 1879. In our last report, on Friday, 4th instant, the
incipient but decided recovery of the market was noticed, and
on the following days this improvement was quickly pushed
forward, and the advance in prices was rapid throughout the
list, but with a natural re-action towards the close. It was
generally conceded that the very powerful movement to depress
prices, which had been of chief influence on the market for
several weeks past, had ceased, and the conclusion was drawn
that those who had been such active bears had changed front
and become purchasers at the decline. There has been nothing
since to change this view of the situation, and the fluctuations
and occasional weakness of the past two days have been readily
accounted for by the sales to realize after an advance
of 5(0)10 per cent, more or less, within a few days.
The extended report of railroad earnings for May, and for five
months of the year, as published on another page, is a very
encouraging exhibit, and backs up the theory of increased
value in railroad stocks quite as well as the most sanguine bulls
could reasonably expect.
The money market has been very easy, at 2@3 per cent for
call loans on Government collateral and 3(3)4 per cent on stock
collaterals. Prime commercial paper is quoted at 4}£@5 per
cent.
The Bank of
England weekly statement, on Thursday, showed
a gain of £389,000 in specie, and the percentage of reserve was
48 9-16, against 46 5-16 last week.
The discount rate remains
at 3 per cent.
The weekly statement of the Bank of France
shows a decrease in specie of 26,884,000 francs.
The last statement of the New York City Clearing House
banks, issued June 5, showed an increase of $205,600 in their
surplus above the legal reserve, the total surplus being $16,334,050, against $16,128,450 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
-
1880.
Differ’nces fr’in
1879.
June 5.
previous week.
June 7.
1878.
June 8.
Loans and dis. $276,056,000 Inc .$2,839,600 $258,332,700 $236,132,900
Specie
Circulation
Net deposits
..
Legal tenders.
Legal reserve.
Reserve held.
Surplus
16,801,200
61,109,000 Iuc. 1,837,300
178,200
20,059.900 Dec.
266,839,000 Ific 4,076,400
612,600
21,934,800 Dec.
18,990.700
19.977.800
226,063.300
42.822.800
202,271.800
47,816,400
Iuc .$1,019,100
Inc. 1,224.700
$56,740,825
$50,567,950
61,819,500
04,617,600
$16,334,050! Iuc. $205,600
$5,078,675
$14,049,650
.
.
$66,709,750
83,043,800
Railroad and
Miscellaneous Stocks.—In
19,979,600
addition to the
situation of the stock market,
that a sharp and quick rise in
prices has been followed by a partial and very natural reaction.
An advance of ten per cent or more within a few days should
reasonably find a good many parties who were ready to sell at
so quick and handsome a profit.
Aside from the feverishness
in the general list of stocks
and occasional weakness
to-day, the prominent feature was the decline in the coal
stocks, which fell off several points in the last hour of busi¬
This was attended with the rumor that the Phila¬
ness.
delphia & Beading owed the Delaware Lackawanna &
Western $2,000 000, which was, in fact, but a new version of
a report that has been around the street for two or three days—
first that there had been a large defalcation in the Delaware &
Hudson Canal Company, and then that it was in the Delaware
remarks made above as to the
it may simply be said, in brief,
73%
37
30% 37%
South.
72%
73%
38
54
40
57
30%
75
39%
53
54%
73%
Friday,
39
53
70
76
404
40
53
02
68
57
June 11.
S*
57
76
39%
54
54
58% 02%
01% 004 03% 01% 04%
Cent.of N. J.. 37-% 58%
70
70
00
06% 07
Cent. Pacific..
17
17
17
174
17
17
17%
17
17%
10
Chea. & Ohio.. 15%
25
254 254
24
24% 24% 25
22% 22%
Do 1st prf.
20
*19
19
19
Do 2d prf..
108% 108%
107% 108
1074 108
Chic. & Alton. 107*' 107" 166% 100% 107% 1074
118% 118% 11S%
115
116% 117% 118
116%
115
Chic Bur.& 6. 115
74% 75% 74% 704 73% 754
74%
Chic.M.&St.P. 70% 72%
1024 102%
8?*
iS*
l&*
102
101% 101% 102% 102% j 101%
pref. 100% 100%
91% 93% 92% 94% 934 94% | 93
00% 02
110
*109
109
1094 109WM094
prof. 108% 103% 108%
202
Do
Chic.R. I.&P: 105
3.
July 1 June 19 to July
J uly
1
1.
July 1 Juue 19 to July
July 3 5 June 16 to June 19.
July 1 June 16 to July 1.
July
73
37
Dist.Tel.
Atl.&Pac.Tel.
Am.
J
5.
Wednesd. Thursday
June 10.
June 9.
Tuesda
sday,
8.
June
e
Monday,
une
7.
Saturday,
Chic. & N. W..
July 1
$2 50 July 1
1
July 15
Lehigh Valley (quar.)
Metropolitan Elevated (quar.)
When
4
Granite
knocked off two or three
stocks cannot be moved ^ of one per cent.
prices at the New York Board have been as fol¬
:
Do
Per
Cent.
which were authoritatively
however, that no class of
speculative purposes as the
points when other
The United States
business June 2,
617
CHRONICLE
*22
49
Clev.C. C.&l. 07
Ch.St.L.&N.O.
Chic.St.P.&M,
Col.Chic.&I.C. i' 12'4
Del.A H.Canal 07%
Del.Lack.&W. 73%
Han.& St..Jo.. 25%
Do
pref. 09
Hous.&Tex.C. 00
•102
Illinois Cent
25%
‘24*4
50
49
12%
034
12%
07%
74&
20
09J4
73%
20 J4
09*4
70
28%
70%
00%
*58
103
23
00
102%
LakeRrie&W.
20
00% 98 " 98%
Louisv.&Nash *120% .... 120%
28*4 28*4 28%
Manhattan....
S34
liar.JeC. 1st pf.
6% 5% 810%~
Do
2d prf.
Mich.Central,. 70% SI
14%
MobileA Ohio.
Mo.Kans.&T. 29% 3.)% 3034
100%
Mor.A Essex.. 100% 106%j
52%
51
Nash.Ch.&StL 49
21
NewCent.Coal
N.Y.C.&H. 1C 124%: 125 " 125%
33%
N.Y.L.E.&W. 32*4 33%
Do
pref. 51% 52% 53%
25% 25%
2;j% 2o%
N.Y.Ont. & \V. 25%
24% 25
Northern Pac. 24
pref.
Ohio Central..
40
47
Ohio & Miss...
Do
pref.
Pacific Mail...
Panama
Phil. & Read'g
253-a
25%
St.L.A.&T.H.
Do
pref.
St.L.I.M.&So.
Do
Do
pref.
1st prf.
St.P.&SiouxC.
m
15
83% 854
15
15%
32%
32
100% 107% 108
127% 120%
35
34%
554 55%
26% 20%
26% 20
47%
40% 47
18
17
1S4
20
20%
1274
30%
57%
59
21
*175
20%
39
40
32
32
2i%
lw5
21%
42
*31
32
43% 43%
65
05
42%
42%
05%
42% 43
05% '01%
37%
38
26
48
19
27%
22
21%
22%
2i%
15
17
17
444
42% 45%
185
32
44
63
32
44
'04%
74%
24
74
97%
96
26.305
215,430
31.705
17,325
3,175
29.305
June
66% May
May
87% May
104
149
Feb.
Jan.
9% May
60
St. L. A Sail
Do
Do
Francisco:
pref.
1st pref.
150
25,987
Pacific 41,300
Do
do. pref. 106,380
Western Union Tel.. 225,219
Onion Pacific
Wab. St. L. A
*
IP
33% 34%
xl02%104
57
55
1274
30% 37%
120
59
60
284
29%
26
m
48%
47
19% 19
29%
28
71
71
37% 39%
2i%
17%
43% 45%
34
34%
44% 44%
60% 60
40
07
39
74
2
39
74
40%
74%
24
90%
2%
89
84
62!
30
64%
1024
35
03%
103%
Juue
86% Jan.
24
May
75
May
95
Feb.
Mar.
38% Mar.
2 111% Mar.
8 164% Apr.
18 57% Mar.
17
95
Mar.
25 494 Jan.
24 110% Feb.
Mar.
1 128
11 137 Mar.
1
48% Feb.
25
11
24
25
17
73% Feb.
( 5feal*Si879.
I Low.
Higli
14 454 78%
8 33% 89%
29 75
1004
26 111% 134%
27 34% 82%
29 74% 102%
3li 49% 94%
23 76% 108
8 119
26
5
30 38
2*2 43
24
134
24 34
31 794
4 *16
4
67
2
35.
16 35
5 73%
27
5%
28 75%
5 35%
31 112
>
2
150%
28
89%
94
41%
70%
100%
28%
108
89%
724
98
35%
104%
83
139
21% 49
78%
40%
2| 37%
Jan. 14 t 16
Jan. 13 t 444
7%
44% Mar. 6
10%
Mar.
62
36
60
Jan.
2 190
17% June 11 72%
34% May 25 66
25% May 11 48
33
May 11 604
83%
60- Mav 11
80
May 11 97%
26% May 25 48
168
Thursday,
Apr.
Jan.
Feb.
Feb.
Mar.
Mar.
8
9
Jan. 19
65
'
123
33%
39%
182
13
56“
3%
4%
934
57%
53
60%
78%
95
Jan. 27
514 May 25 72% Jan. 27
80% June 2 116% Feb. 24
88% 116
July 30.
Rond*.—Government bonds remain at very
Range from Sept.
United States
103%
25%
103%
1204
30
31%
8%
8%
103%
24%
102%
1204
34%
1880.
94% Mar.
42% Feb.
99% Jan.204 May 11
..
1,600
2,820
J100
74% Jan.
904 Mar.
Mar.
2 110
Jan.
2 152
25 85% Mar.
10 107% Mar.
11 97 Mar.
10 110% Mar.
June
2 204
11 25% Jan.
25 86% Mar.
76
2 11*»
....
12.520
27,860
71
63
40
34
45
>65
Highest.
May
68% May 25
22% May 25
63% May 25
16,800
Michigau Central....
28% May
Missouri Kan. A Tex. 133,520
2,595 100 May
Morris & Essex
25,100 47% June
Nashv. Chatt. & St. L.
23,013 122 May
N.Y. Cent. A' ITud.Riv
June
30
N.Y. Lake E.& West. 472,456
47
May
11,314
Do
do pref.
20
May
8,000
Northern Pacific
39% May
7,016
Do
pref.
23
May
25.705
Ohio A Mississippi
87,550 27% May
Pacific Mail
8
70
63
14%
714
73% 77%
29
304
40
44%
May 17
May 25
99% Jan.
99
70
1879 and from Jan. 1, 1880,
Lowest.
113
51% 51%
69
14
08
05%
for the week ending
year
40
45
109%
202
28
28
Hale was male at the Board.
Range since Jan. 1,
262,560
Reading—
St.L.IrouMt.ASouth.
101
109
201%
224
15% 15%
39%
744
2%
2%
24
2%
234
90
I
88
89
894
88%
874
31% 34% 334 34% 33% 354 34%
58% 03% 61% 03% 02% 644 ! 62%
40%
2,222
7,850
Panama
Phila. A
65
40
57.520
2,001
4,765
10,100
Manhattan
44%
74%
24
884
1.219
Louisville A Nashv..
33
73
Chicago & Alton
3.948
Chic. Burl. A Quincy
Chic. Mil. & St.P.... 147,000
1,245
Do
do pref.
71%
03
39%
39% 40%
16,970
190,390
28%
54
14% 15%
09% 72
70% 78%
29;-6 3:%
09% 73
38
38%
Shares.
-
70
35
Week,
Del. A Hudson Canal
Del. Lack. & Western
Hannibal A St. Jo...
Do
do pref.
Illinois Central
Lake Erie A Western
Lake Shore
51%
103% 103% 103%
254 26%
25
102% 104%
1204
121
120% 121
30% 32% 314 32%
94
9%
64
04!
80
85
84% 80
18
154 17% 17
34
35%
32% 35
*107% 08% 108 108
58
57
5*3% 58
24% 24%
128%
127% 128 127
35% 384 36% 38%
57
60% 59% 61
20% 27*4 27h 30
25% 20% 2oy 26%
49
47% 48% 47
19
19% 19% 19%
27% 294 28% 30
71
71% 71% 73
72
Sales of
Do
do pref.
Chic. Rock Tsl. & Pac.
Col. Chic. A Iud.Cent.
28*%
204
104
72
Total sales of leading stocks
and the range in prices for the
to date, were as follows:
Chic. A Nortliw
03
3S%
31%
Do
pref. 57% 53%
West. Un.Tel.i 90% 92%, 924 94% 94%
*
These are the prices bid and asked; no
Canada Southern
Central of N. J
27%
109%
24%
101
34% 85%
15
404
26%
71
71
33% 34%
.'24
87
34
58%
21
Do
pref.I
2%
Sutro Tunnel.
Union Pacific. 80
31
Wab.St.L.& P.
84*4
57%
20%
St.L.&S.Fran. *30
25%
24
70%
32% 34
60
103
00
101% 100% 102%
1203-6 1204 120%
31% 29% 31%
10 ~
9
9%
■
Do
(30
103% 103% 104
Lake Shore....
204
204
524
101%
94% 92% 93%
203
084 084 09% 09%
14%
13% 14% 14
60
09% 0S% 09%
754 76% 754 78%
28% 294 284 30%
69% 71% 71% 71%
69%
14%
09%
07%
07%
203
204
203
20
50
202
200
198
20
49
Si«
25. f Range from
high prices, and the range of 4 per, cents now lends en¬
couragement to the idea that a 3 per cent United States
bond might easily find a sale at or near par,
provided
of
its
negotiation. There was considerable comment this
week because the Treasury on Wednesday did not accept
the 4 per cents, offered at prices which were relatively about l/£
per cent per annum better than the short bonds actually
accepted. It was supposed that, in pursuance of his circular, the
all
the
circumstances
were
favorable at the time
618
THE CHRONICLE.
Secretary would take 4
per
cents if they were materially better
for the sinking fund—say
per cent or more than the fives or
sixes. The Assistant Treasurer received
proposals to sell bonds
aggregating $9,130,000, including $3,995,000 4s, at 109*25 to
109*45, and $1,197,000 43£s, at 109*75 to 11010. The Secretary
purchased only $2,000,000, rejecting all the 4s and 4^s. The
awards
were as
follows: $242,000 6s of 1880, at 104*89; $1,234,000
6s of 1881, at 106*92; $300,000 6s of 1881, at
106%; $24,000 6s of
1881 at 106*92; $2,000 6s of 1880, at 104*85; $198,000 6s of 1881, at
106*79 to 106*82. Total, $1,756,000 6s of 1881 and
1880.
The
$244,000 6s of
daily highest and lowest prices have been
Interest
Periods.
6a, 1880...
reg. J.
6s, 1880..
6s, 1881... .......reg.
6s, 1881..
5s, 1881...
58,1881..
4%s, 1891
reg.
4^*8,1891.
coup.
4a, 1907..
--reg.
4a, 1907..
6a, cur’cy, 1895..reg.
6s, cur’cy, 1896..reg.
6a, cur’cy, 1897..reg.
6a, cur’cy, 1898..reg.
6s, cur’cy, 1899.. reg.
*
June
June
5.
7.
June
8.
follows:
as
June
June
June
9.
10.
11.
"101%
*10434
*103%
*106 34
103%
*103%
*109%
*109%
*101%
*10434
103%
-106%
*103%
*103%
& J. *101%
& J. 104%
& J. *103%
& J. *106%
*101% *101% *101%
J.
*104% *10434 *104%
J.
*103% 103% 103%
J.
*106% *106% *106%
Q.-Feb. 103% *103% 103% *103%
Q.-Feb. *103% 103% *103% *103%
Q.-Mar. *I0934 *109% *109% '109%
Q.-Mar. 109% 109% *109% *109%
Q.-Jan. *108% *108% 1083a 108
Q.-Jan. 1093a 109% 109% *109%
J.
J.
J.
J.
J.
&
&
&
&
&
This is the price bid:
no
J.
J.
J.
J.
J.
*123
*123
*123
*123
*123
sale
was
*123
*123
*123
*123
*123
*123
*123
*123
*163
*123
*123
*123
*123
*123
*123
*10934
*10934
*107%
109
*123
*123
*123
*123
*123
107%
108%
*123
*123
*123
*123
*123
made at the Board.
The range in prices since
of each class of bonds
lows :
January 1, 1880, and the amount
outstanding June 1, 1880, were as fol¬
Range since Jan. 1, 1880.
Lowest.
6e, 1880
cp.
6s, 1881
cp.
5s, 1881
cp.
4%s, 1891.. cp.
4a, 1907
cp.
Ss.cur’ncy.reg.
102%
104%
102%
1063a
103
125
Highest.
Jan. 13 104% May
Jan.
7 107% May
May 5 104% Apr.
Jan.
2 110% May
Jan.
2 109% June
Apr. 21 126% Feb.
20
26
28
29
7
17
Amount June 1, 1880.
Registered.
Coupon.
$12,969,000
$3,064,000
168^40,350
56,681,500
291,978,050
170,298,800
527,921,400
64,623,512
196,870,650
dosing prices of securities in London for three
January 1, 1880,were as follows:
the range since
79,701,200
211,513,300
weeks past
Range since
and
[VOL. XXX.
-—Latest earnings reported.—,Jan. 1 to latest
date.-.
Week or Mo.
1880.
3 879.
1880.
1879.
Gal. Har.& San A. April
$95,264 $85,412
$
$
Grand Trunk. Wk.end.May29 175,221
145,838 3,984,543 3,432,176
Gr’t Western.Wk.end.May28
96,744
74,630 1,914,421 1,676,291
Hannibal & St. Jo.4th wk M’y
57,954
40,424
948,289
785,499Houst.A Texas C. April
247,807
158,318 1,077,384
873,325
IllinoisCen. (Ill.).May
497,134 445,332 2,278,917
Do
(Iowa).May
Indiana Bl. &W..2d wk May
Int. &Gt. North.. 1st wk J’ne
Iowa Central
March
K. C. Ft. S.& Gulf .3d wk May
Kans.C.Law.&So.3d wk May
K. C. St. J. & C. B.4th wk Mar
Little Rk. & Ft. S.May /.
Louisv. & Nashv.4thwk M’y
Louisv.N.Alb.&C.Marcli
Maine Central ...March
Minn.& St. Louis.3d wk May
Mo. Kan.&Texas. IstwkJ’ne
129,720
130,128
19,099
20,388
89,581
19,058
11,551
45,363
21,471
192,400
70,436
22,323
19,699
54,506
418,069
632,906
225,©00
17,412
7,835
34,832
14,690
126,531
49,224
422,437
141,5( 0
e 631,870‘
579,035
379,119
617,344
157,706
289,876
150,387
379,559
256,077
399,559
170,218
106,441
2,124.526
3,046,783
179,392
368,562
209,044
1,734,284
917,657
127,080
7,673
12,565
60,575
2,068,289
129,968
322,792
145,147
1,070,477
787,973
49,561
Mobile&Oliio
IstwkJ’ne
28,069
23.003
Nashv.Ch.&St.L. April
155,466 128,506
721.711
593,316
N. Y. & Canada.. April
56,126
33,307
220,263
118,593
N. Y. Cent. & Hud.May
2,540,998 2,211,011 13,089,001 11,135,145
N. Y. L. Erie & W. April
1,643,151 1,372,755 5,836,709 5,094,099
N. Y. & N. Engl’d.May
174,267
168,367
North Wisconsin.3d wk May
1,929
1,126
68,094
31,918
Northern Central. April
386,130 328.869 1,466,809 1,201,645
Northern Pacific .April
115.656
183,227
441,062
306,303
Ogd. & L. Champ. 1st wk’J’ne
9,565
8,019
175,698
6,744
4,496
140,576
2,974
2,424
76,804
Pennsylvania....April
3,488,366 2,630,022 12,794,679
Peoria Dec. & Ev. 4th wk Mar
9,580
4,784
Philadel. & Erie..April
334,947 215,607 1,132,304
Phila. & Reading.March
1,457,322 1,041.142 3,836,720
Pitts. Titusv. & B.April
55,700
41,704
167,593
Ports.Gt.F.&Con. April
*17,354
8,654
Rensselaer & Sar. April
164,598
110,586
547,52i
St.L.Alt.&T.H. ..4th wk M’y
35,833
24,014
514,095
Do
(brchs).4th wk M’y
14,630
9,931
255,980
St. L. Iron Mt.& S.May
372,280 302,641 2,278,259
St.L. & San Fran. 1st wk J’ne
42,400
19,800
985,574
St.Paul & Duluth. April
39,131
27,641
148,432
St.P.Minn.&Man.May
281,899 268,657 1,194,594
St. Paul & S.City..4th wk M’y
47,902
29,890
554,207
Scioto Valley
IstwkJ’ne
5,149
4,160
118,017
Texas & Pacific ..April
173,000
104,103
827,423
Tol.Peoria <jfc War. 1st wk J’ne
35,191
24,122
574,013
Union Pacific.... 11 dys May 640.000
518,000 5,896,997
Wab. St. L. & Pac.4th wk M’y 278,698
172,035 4,361,809
Wisconsin Cent... 1st wk Apr
22,044
15,338
Wisconsin Valley .4th wk Apr
4,744
9,711
108,919
Pad.&Elizabetht.3d wk May
Pad. & Memphis.. 3d wk May
121,124
101,655-
57,774
10,314,553
878,130
2,876,222
373,283
331,078
216,030
1,647,174
451,387
101,527
467,470
110,578
509,164
4,693,302
2,996,648
49,037
Exchange.—Foreign exchange is dull and rather weak.
Jan. 1, 1880.
actual rates for
The
prime bankers’ sterling bills are 4 86% for 60
28.
4.
11.
days and 4 89% for demand. Cable transfers are 4 90.
Lowest.
Highest.
In domestic bills the following were the rates
of exchange on.
U. S. 5s of 1881
104% 105% 105% 104% Apr. 15 106% Jan. 12 New York at the
undermentioned
cities
TJ. 8. 4%s of 1891
to-day
: Savannah*
111% 111% 112
109% Jan. 2 112
June 2
U. 8. 48 of 1907
110% 111% 11 L% 106% Jan. 2 1113s May 31 buying
selling % premium; Charleston, buying % premium*
selling % premium; New Orleans commercial, $1 premium,
State and Railroad Bonds.—The
transactions
in State bank, $2 50 premium; Chicago, par to 25c. discount; Boston, 25c.
bonds have been small, as the stock market has absorbed the discount, and St.
Louis, 25c. premium.
attention of brokers this week. Virginia bonds are
Quotations for foreign exchange are as follows :
strong,
and
the coupons are in good demand.
Railroad bonds have
June 11.
been active for the Erie second consolidated, which sold as
Demand.
Sixty Days.
high
as 85%, and back again to 84 at the close
; the other specula¬
Prime bankers’ sterling bills on London. 4 86 ®4 87
4 89%®4 90
May June June
■.
tive bonds—such as Missouri Kansas & Texas and St. Louis &
Iron Mountain incomes—have also shown some
activity, and
have moved in sympathy with the stock market.
The following securities were sold at the
Exchange sales¬
room:
Shares.
20 Germania Bank
101
27 Brook. A Montauk RR. pfd. 34
18 Brook. & Mont’k RR. com.
6
24 Park Fire Ins
114
20 Lafayette Fire Ins
12014
30 Relief Fire Ins
70%
50 Susp. Car Truck Mfg. Co.. 10
Gaslight Co
179
Bonds.
$1,000 Terre Haute .& Ind.
RR. 1st mt. 7s,due 1893.. 113
Documentary commercial
Paris
-—Latest earnings reported.—^ -Jan. 1 to latest date.—s
or Mo.
1880.
1879.
1880.
1879.
Southern.May
$44,145
$30,438
$243,946 $164,089
Albany & Susq ..April
120,558
78,958
441,984
333,643
Atch.Top. & S. Fe. 4th wk Apr 172,500
133,389' 2,277,500. 1,738,629
Atl. <fc Cliar.Air-L. April
52,916
52,816
300,113
250,310
AtL&Gt. West....April
394,161
330,812 1,606,488 1,265,994
Atl. Miss. & Ohio. April
143,099
118,113
637,343
482,260
Bur.C.Rap.&No..4thwk M’y
50.664
42,331
828,968
543,645
Borl.&Mo.R.ift N.3d wk Apr.
49,123
40,861
659,521
518,254
Cairo & St. Louis.3d wk May
8,469
5,288
134,327
87,686
Canada Southern.March
409,189
226,378 1,003,702
611,483
Carolina Central.April
28,032
26,780
163,220
156,058
Central Pacific...May
1,731,000 1,579,591 6,749,539 6,412,320
Ches. &Ohio
May
196,551
178,824 1,041,888
664.351
Chicago & Alton .4th wk M’y 167,409
127,114 2,786,999 1,736,119
Chic. Burl. & Q...April
1,260,319 1,018,755 5,095,021 4,177,968
Chic.Cl. Dub.A M.4th wk Apr
16,883
8,175
201,225
151,349
Chic. & East, Ill..4th wk M’y
30,406
18,949
439,498
321,878
Chic. Mil. & St. P. 1st wk J’ne
285,000 194,632 4,694,000 3,431,132
Chic. <fc Northw..May
1,794,700 1,433,365 6,737,313 5,567,245
Chic.St. P. & Min.3d wk May
25,218
22,544
467,578
384,905
Chic. & W. Mich..3d wk May
14,011
10,358
306,025
231,774
Cin. Ham. & D.. .April
197,048
170,140
On. Sand. & Clev.March
54,634
47,356
On. & Springf. ..4thwk M’y
22,558
20,891
338,563
244,455
Clev. Col. Cin. & 1.4th wk M’y
98,256
89,773 1,512,994 1,204,735
Oev. Mt. V. <fc Del. 4th wk M’y
11,462
13,145
174,136
147,001
Del.&H.Can.. Pa.Div.. Apr.
98,381
88,942
391,575
375,949
Denver & Rio Gr 1st wk J’ne
54,600
813,100
Denv.S.P’k&Pac.3d wk May* 48,873
882,278
Det. Lans. & No..3d wk May
21,851
22,011
439,092
358*456
Dubuque&S.City.May
76,089
80,511
363,485
343,131
Eastern
April
247,297 192,698
863,906
697,551
Flint & Pere Mar.4th wk
35,350
M’y
27,169
621,738
444,213
*
Mileage last year
Hamburg (reiclimarks)
The
85 miles, against 147 miles now,
®
®
®
4 74
3 90
Span’h Doubloons. 15 70
Mex. Doubloons.. 15
Fiue silver bars
1
Fiue gold bars....
Dimes & % dimes. —
..
Boston
banks for
1880.
Mar. 2..
9..
15..
22..
29..
“
*•
April 5..
"
12..
19..
26..
“
“
May
"
3..
10..
17..
24..
31..
“
“
“
June 7..
*
55
14%® 1 15%
par® % prem.
99 %® par.
Five francs
Mexican dollars
Do uncommerc’l
English silver..
Prns. silv. thalers
Trade dollars
New silver dollars
Loans.
$
Specie.
139,927,300
4,393,600
5,224,000
5,321,500
4,845,100
4,930,100
4,805,100
5,331,300
«
139,679,400
141,040,200
140,975,000
140,412,000
139,462,200
138,511,400
137,158,200
137.923,400
138,815.300
140,185,100
140,242,500
138,942,000
139,919,500
141,821,900
5,994,900
6,738,800
6,670,700
6,944,300
6,733,700
6,766,300
6,402,300
6,202,800
Loans.
$
1880
Mar. *1
"
8
“
15
22
“
29
67,318,205
67,130,447
67,404,233
68,467,583
68,851,879
68,881,661
April
5
K
May
“
“
“
®4 88%
87%®4
17%®5
18%®5
17%®5
403a®
95%@
88
15%
16%
15%
40%
95 %@
95%
95%
9p%®
95%
95 %®
95%
12
1ft
26
69,246,055
69,646,276
69,594.048
3
10
17....h..
24
31...:
June 7
—
—
—
92
®
—
95
89%®
—
90*3
87
—
4-76
68
99
—
—
—
®
®
®
®
99 %®
88
4 82
— 70
—
99%
par.
Banks.—The following are the totals of the Boston
series of weeks past:
L. Tenders. Deposits* Circulation. Agg.Clear.
$
*
$
$
3,511,300
52,793,300
31,052,000
56,566,135
3,527,600
53,217,400
30,875,200
68,452,000
3.386,700
53,038,800
31,019,400
63,289,012
3,016,600
51,871,300
31,092,500
63,798,913
2,987,200
50,373,800
31,048,400
58,909,044
2,635,400
50,827,900
31,145,200
69,627,777
2,349,200
51,687,600
31,264,200
59.610,799
2,067,200
52,671,100
31,221,900* 68,605,917
2,095,000
53,653,400
31,223,900
62,108,728
1,983,100
54,217,800
31,175,200
63,053,381
1,757,500
54,400,100
31,123,100
66,194,525
1,688,000
55,151,300
31,093,100
64,342,000
1,880,600
54,324,200
31,001,000
60,058,901
2,471,800
53,879,200
31,136,200
45,785,536
2,717.200
54,125,300
31,144,800
56,670,704
.
Other than Government and hanks, less
"
®4 89%
a
Clearing-House checks.
Philadelphia Banks.—The totals of the
are as follows:
“
4
4
5
5
5
—
3 87
4 78
3 95
®15 95
®15 65
3 83
X X Reiclimarks.
X Guilders
“
89
88
4
are quotations in gold for various coins:
Silver 14s and %s
$4 83 ®$4 87
99 %® par.
Napoleons
“
85%®4 86
®4 85%
84%®4 85
20 ®5 18%
20%®5 1834
20 ®5 18%
40%® 40%
94% ® 95%
94%® 95%
94%® 95%
94 %® 95%
85
following
Sovereigns
“
was
(francs)
Frankfort (reiclimarks)
Bremen (reichmarks)
Berlin (reichmarks)
Week
Ala.Gt.
(francs’)
Antwerp (francs)
Swiss
5,000 Second Ave. RR. 7s,
cons., due 1888
943±
The latest railroad earnings and the totals from Jan. 1 to
latest dates are given below. The statement includes the
gross
earnings of all railroads from which returns can be obtained.
The columns under the
heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and
including, the period
mentioned in the second column.
c
4
4
4
5
5
5
Amsterdam (guilders)
Shares.
66 Manhat.
Good bankers’ and prime commercial...
Good commercial
..
69,515,412
68.870,718
68,448.002
68.089,061
67,457,122
67,623.238
Lawful
Money. Deposits.
Philadelphia banks
Circulation. Agg. Clear.
S
15,773,938
16,250,179
16,731.502
16,013.387
15,637,660
14,858,987
14,626,301
15,073,605
144658.322
15,627,222
16.210,332
16,389.658
16,248,330
17,881.002
17,857.324
-
55,122,311
55,397,217
55,941,988
50,258,526
55,835,641
55,495,192
55.759,734
56,590,931
39.982.846
12,093,660
12,085,136
53.624.758
12,073.945
42.1^9.611
12,092,147
12,079,4^
45.910,829
12,104,580
12,118.893
39,516,148
51,304,115
49,551.139
174,038
12,123,000
50
55,936.818
12.138 438
56,848,122
12,124,531
56 644.383
57.002.521
50,751,958
57,795.449
12,119,305
50,173,397
47.709,464
53,854.569
49,142.41®
51,787,217
57,072,685
12,118,364
12,103,209
12.111.790
i
a
*roo
New
York City
New York City for the
on June 5, 1880.
Net
Capital. Loans and
Specie.
discounts.
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical..
Merch’nts’ Exch.
Gallatin Nation’1
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000.000
1,000,000
Broadway
1,000,000
Mercantile
422,700
Pacific
$
$
$
York
Manhattan Co...
Merchants
New
.
8.845.000 2,684.000
6,121,000 1,181,800
7.660,300 1,853,400
665,000
6.482.000
936.900
4.212.600
8.144.100 1,713.000
855.000
3,056,000
6,863,000 5.521.800
378.600
3,030.000
264.000
1.634.800
11.917.300 2,722,000
441,000
3.808.400
515,000
4.165.200
262,800,
1.439.800
949,000
921.600
114,000
20.400
2.785.700
244.500
167,300
487.600
950.100
3.504.600
12,205,1.00
4,161.000
6.286.500
11,604.300*
5.390.100
3.599.400
2.109.700
513.800
308.500
390.600
643,200
1,500,000
5.695,000
North America..
Hanover
1,000,000
Irving
Metropolitan
3,000.000
1.338.100
2.472.900
7.265.500
2.652,000
10,831.000
1.838.700
Republic
450,000
412,500
700,000
Chatham
People’s
....
Citizens’
500,000
600,000
1,000,000
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
500,000
500,000
500,000
1,000,000
1,000,000
300.000
400,000
Oriental
Marine
Importers’ A Tr..
1,500,000
2,000,000
Park
500,000
Mech. Bkg. Ass’n
240,000
North River
250,000
East River
Fourth National. 3,200,000
2,000,000
Central Nat
300,000
Second Nation’l.
750,000
Ninth National..
500,000
First National..
Third National..
1,000,000
300,000
N. Y. Nat. Exch..
250,000
200,000
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
750,000
300,000
406.400
74.400
326,000
1.044,200
8.378.900
372.400
2.841.000
285.400
108.800
307.900
2.177.200
2.524.500
363,800
2.0:15,600
3.298,00C
4.317.300
5.464.800
1.494.900
3,016.000
678,000
316,000
1.162.500
23.800
585.0*00
4.661,700
2.016.000
16,871,500
14,012,000
83,600
31.900
94.300
2.828,900
878.400
844,900
921,200
15.357.900
8,001,000
2,777,000
3.983.900
12.464.000
7,960,000
1.273.400
1.401.200
1.284.300
2.278.600
3,051,000
*
706,000
148.500
371.600
607,000
330.200
468.500
119,000
184,000
115.200
183.400
440.400
328.400
160.300
43,900
182,000
212,100
264.100
81.000
176.500
859.000
1,451,500
404,000
281.200
242.400
809.300
81.700
151,000
612,200
354.500
1,230.000
256.600
183.100
72.600
108.400
124.000
tion.
3.686.100
402,000
10,629,600
1.934.100
1.228.100
11,593.000
8,001.100
2.479.400
1.208,200
1,002,000
1,011,300
1.998.100
905,200
180.000
2,700
477,600
37.100
2.782.300
603.000
1,399,800
898.300
180,000
3.498,800
3.457.300
1,125,000
1.211.000
2.482.600
6.874.100
2.473.400
11,598,000
1.916.900
2,045,400
1.904.200
5,400
993.500
102,200
1.161.100
685,400
319,000
480.100
716.100
8,188.000
4,045,400
13,387,000
Delaware
22.100
354.700
89.600
158,000
50,500
180,000
450,000
797.700
268.800
1.398.100
2.101.900
3,135,100
1.492.200
Lehigh Valley.
Pennsylvania
Philadelphia A Erie
Pnlladelphta A Read ng
Philadelphia A Trenton
Phlla.Wllmlng. A Baltimore.
Pittsburg 'l’ltusv. A Buff
160*. 162
Duluth R.R. Com
do pref.
United N. J. Companies
West Chester conBol. pref....
100
“
“
bt.
Jersey
West
CANAL
Delaware
Lehigh
“
“
“
“
“
PHILADELPHIA AND OTHER CITIES
Bid. Ask.
BOSTON.
116%
m.7s
do
<
land grant 7s
do
2d 7a
do
land Inc. Ss..
120
Boston A Maine 7s
114
115
....
Albany 7s
do
6s
Boston A Lowell 7s
68
do
Boston A Providence 7s
Burl. A Mo., land grant 7s
do
Nebr. os
Ex
do
Nebr. 6s
Conn. A Passumpslc, 7s, 1897.
Boston a
Eastern,Mass.,4>*b,new.
Fitchburg RR., 6s
do
...
78
113
v *
,
.
107*
928
Vermont & Mass. UR., 6s
STOCKS.
....
*
105
122
m
*
-
*
-
*
*
*
♦
114* 11454
107* 108
Atchison & Topeka
Atchison A Nebraska
Boston A Albany
x 119*6 119*
80
....
Boston ALowelJ
Boston A Maine
Boston A Providence
Burlington A Mo. In Neb....
110
110* Cheshire preferred
Chic. Clinton Dub. A Min....
94* 95
94
125 >4
144
96
140
•
Cln. Sandusky A
• •
....
Clev
76*
70*
12*
12«
Concord
144
Connecticut River
62* 03
.
39* Conn. A Passumpslc
33
33*
Eastern (Mass.)
115*
114*
80
77
7a, 1st
Eastern (New Hampshire)...
do
7s, Inc..
do
124
123
Fitchburg....
87*
87*
K. City Lawrence A So. 49...
79* 80
Kan. City. St. Jo. AC. B. 7s. . m* HI* Fort Scott A Gulf, preferred 47
_
Fort Scott A Gulf 7s
Hartford A Erie 7s
Ran. City Top. A W.,
106*
39-
-
Kan. City St. Jo. & C. B.. In. 8)
Little R’k A Ft. Smith, 7s, 1st 99* ioo
110
Hew York A New Eng. 7s.... 100
Ogdensborg A Lake Ch.8s...
100
....
do
common.
K..C. Law. & Southern.Ex.R
K. C. St. Jo. A Council f luffs
Little Rock A Fort Smith ...
76
*•••
•
•
•
50
pref...
do
do
do
3dm. 6s,’37..
AAmboy
do
do
6s,coup,’83
101
104
6s, coup., ’89 108.
112
mort. 6s, ’89
10s,’88
7» 1900
chat, m.,
new
..
111
1900-1904...... iob*
Chartlers Val., 1st m. 7s,C.,1901
Delaware mort., 6s, various..
Del. A Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s, ’88 ..
Connecting 6s,
El.A
W’msport, 1st in., 7s, ’SO.
do
5s,perp
Harrisburg 1st
82
morL 6s, ’83
gold, ’90. 108
g.’S9 107
’95.
g.,7s
’95*.
IthacaA Athens 1st g d, 7s.,’SO
Junction 1st mort. 6s, ’82
do
2d mott.6s, 1900 ...
115
Lehigh Valley, lst,6s,cp., 1898
H. A B. T. 1st m. 7s,
1st m. 7s, fd.
do
do
2d m. 7s, gold,
do 2d m. f ‘.scrip
3d m. cons. 7s,
do
7s *82
cp./85.
do
do
do
2dm.7s,cp.,’96.
gen. m. 7s, cp., 1903.
gen. m. 7s, reg., 1903
coup.,’82.
B.,7s,cp.,*96
do
Pa.AN.Y.C. A RR.7s.i896 ....
do
1906 ....
Pennsylv., 1st m., 6s, cp., ’80..
do'
gen. m. 68, cp.,1910.
Oil Creek 1st m. 7s,
rlttsb. Tltusv. A
•
Wash.
do
do
110
115
110
105
111
114
11«*
114
112* 113*
118
119
150
110
151*
Par.
100
120
108* 109
Branch.100
150
8*
Parkersb’g Br. .50
Northern Central
50
Western Maryland
^..50
31
7
39
5
32
8
!02
102*
108* 110
104 .108
U5*rii53*
lOtf
112
10,)*
109* 110
& J*.
endorsed.
CINCINNATI.
Cannon
7s
do
do
do
do
108
t
t
Cincinnati 6s, long
109
115
t
7-308
South. RR. 7*308.4
do
6s, gold.f
Hamilton Co., O., 6s. long...t
110
ao
7s, 1 to 5 yrs..f
7 A 7-30s, long.1
do
Cln.A Cov. Bridge st’k, pref.
84
Cln. Ham. A D. co as.6 i, 19 5 +
7s, 1905 +
do
do
2d m. 7b, ’85 t
Cln. Ham. A Ind., 7s, guar. .1
Cln. A Indiana 1st m. 7s
4
do
2d m. 7s, ’77..4
01
Colum. A Xenia, 1st m. 7s. ’90
Dayton A Mich. 1st m. 7s, ’814
do
2dm. 7s,’84.+
105*
do
3d in. 7s, ’88+
Dayton A West. 1stm.,’8l...1
115
do
1st m., 1905.+
108
115
80
Scrip
117*
124* 125
108
107
105
110
130
104
110
104
100
105
102
109
104*
105*
•
••
+107
101* ioa
104
102
Istm.Ps, 1905 +102
do
Ind.Cln. A Laf. 1st
m.7s....t
101
(I. AC.) 1st 01.78/83+ 105
Little Miami 6s, ’83
+ 102*
80
79
Cln. Ham. A Dayton stock...
125
117* Columbus A Xenia stock
*54
116
Dayton A Michigan stock.... 53
117
do
8. p.c. st’k,guar 121* 122
99
121*
Little Miami stock
83
121
122*
103*
117
110
do
gen. m. 6s, rg.,
112
do
cons. m. 6s, rg., 1905.
do
cons.m. 6s. cp.,
do
Navy Yard 6s, rg,’81
Penn. Co ,6s. reg
90
XCl
AlUlllCU iDblU*UO.WU{7*y
Perklomen
6s. 1902, J. A J
5h, 19.6, new
Norfolk water, 8s
railroad stocks.
Balt. A Ohio
co
1st pr* f
do
2d p;tf
do
do reg., 1893...
do
do 2-1 m. 7s, reg., 1910.. 120*
110
do
con. m., 6s, rg., 1923
do
do
6s,cp.,1923 110 112
Little Schuylkill, 1st m.
North. Penn. 1st m. 6s,
68,exempt,’9S.M.AS.
0s, 1900, Q — J
Union RR. 1st, guar., J.
A
do
do
110
108
100
109
110
116
111
115
115
110
110
115
108
do
1st m., L890, J. A J...,
do
2d m.,guar., J. A J — 115
99
do
2d m., pref
105
do 2d m.,gr. by W.Co.JAJ
115
do 6s, 3d in., guar., J.A J
109
Mar. A Cln. 7s, ’92, F. A A .... 103* 74
73
do
2d, M. A N
do
8s, 3d, J. A J.....;. 35* 35*
108
Atl.lst-m. 7s.g., 1393 ....
do
2d m. cur. 7s, ic79.. 110*
Cam. A Burlington Co. 6s,’97.
Catawlssa 1st, 7s, conv., ’82...
Cam.
do
LOUISVILLE.
Louisville 7s
6s,’82 to ’87
+
6s, ’97 to ’93
+
water 6s,’87 to *89.+
water stock 6s,’97.+
do
do
do
do
do
do
108
>
112*
104* 105*
104* 105*
104* 105*
104*
isi
1 104*
wharf 6s
105*
spec’l tax 6s of ’89.+ 104*
107* 108
1905.
105* Louisville Water 6s, Co. 1907 + 100
101
ios* 105* Jeff. M.AI.lst m. (IAM) 7s/81+ 107* 106 ‘
do
2d m., 7s
+ 114
114*
lstm.6s,coup.,’9i
do
1st m.,7s, 1906....+
114*
Phila. A Erie 1st m.6s, cp.,’8>. Ill
102*
Louisv. C. A Lex. 1st m.7s/97* 114*
do
2d m.
Phl'a. Newt’n
Phila. A Read.
do
do
7«,cp.,’S8.
A N.Y.. 1st m.
1st m. 6s, ’43-’44
do
*48-.49.
2d m., 7s, cp.,93. 112
default, t Fer share.
5 Con, to Jan.. "77. funded.
•
35%
•2?&
1910.
50
....
30
Val.,7 3-10s, 1396
ll
7s,E.ext., 1910 ....
23
Camden
108
Central Ohio
50
Pittsburg A Connellsvllle..50
RAILROAD BONDS.
27* Balt. A Ohio 6s, 1830, J.AJ....
do
6s, 1885, A.AO. .
N. W. Va. 3d m.,guar.,’85,JAJ
Pittsb.A Connellsv.7s/98,JAJ
Northern Central 6s, ’85, JAJ
do
6s, 1900, A.AO.
do 6s, gld, 1900, J.AJ.
Cen. Ohio 6s, 1st m.,’90,M.A S.
W. Md. 6s, 1st in., gr.,’90,J.AJ.
35*
Inc. 7s, end.,’94
"*
,11
Belvldere Dela. 1st m.,6s,1902.
2dm.
do
6s.’85..
ni*
Old Colony, 7s
no*
Old Colony, 6s
Omaha A S. Western, 8s ....
110* ii 0H
Pueblo A Ark. Valley, 7s
Rutland 6s, 1st mort
Vermont & Canada, new 8s..
00
160*
RAILROAD BONDS.
Allegheny
“
“
30
Susquehanna.
“
“
00
15
,... .
do
“
“
1094
Division
Navigation
“
“
10*
do
do
do
Morns
“
“
do
51*
STOCKS.
do
pref
Pennsylvania
Schuylkill Navigation
“
“
48
Chesapeake A Delaware
81
do
5s, quarterly
Baltimore 6s, iSSL quart
do
6s, '.886, J.A J
do
6s, 1891), quarterly...
do
6s, park, 1890,Q.—M.
do
6s, 1893, M. A S
5lk
13*
pref.
do
“
“
Atch. A Tcpeka 1st
iOl
Paul A
“
SECURITIES.
54
54
226,800
“
Bid. Ask.
44*
Nesquehonlng Valley
of previous week are as follows :
Net deposits
Inc. $4,076,400
Dec. 178,200
Specie
Inc. 1,837,300 I Circulation
612,600 i
Legal tenders
Dec.
The following are the totals for a series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
1879
t
$
$
$
$
*
Oct. 25 ...269,433,300 27,682,600 30,151.700 231.668.000 22,448.700 761.277,728
Nov. 1....271,238.600 29,675.300 28,615,900 234,412,000 22,600.500 865,862,857
8....270.076,800 33,823,800 23,486,900 231,927,700 22,341,500 772,150,134
15....268,538,800 42.992,800 22,595,800 239,201,200 22,475,700 870,0*2,059
22....276,194,400 50,006,700 18,985,200 250,297,300 22,550,400 942,922,768
29....273.439,900 52,310,700 16,771,700 247,195,500 23,024,800 779,955,847
Dec: 0....273,101,100 54.771,000 14,673,200 247,030,100 23,255,100 850,846,848
13....275,750,100 54.069,400 13,403,000 247,559,200 23,463,800 722,603,389
20....278,098,100 50,842,900 12,543,400 246,118,600 23,651,900 666,418,518
27....277,584,200 48,638,200 12,089,700 242,062,200 23,732,900 586,014,073
1880.
...
Jan.
3... .276,706,200 48,282,100 12,723,500 242,087,100 23,748,600 604,197,943
10.,..276,116,100 51,473,500 14,097,800 246,995,600 23,812,900 657,695,260
17....276,990,900 53,558,600 15,914,200 253,731,900 21,635,900 787,728,198
24....280,068,600 51,832,200 17.143.500 257,483.700 21,662,900 743,125,031
31....283.194.500 50.312.800 18,586,000 259,075,900 21,529,900 772,270,895
Feb.
7....290,381,600 52,994,600 16,437,900 264,404,200 21,683,200 720,978,130
14....290,445,200 54,746,500 16,686.000 267,128,100 21,599,600 683.453,357
21....290,091,200 59,887,200 15,505,500 271,601,000 21,282,200 795,314.114
28....293,545.600 57,413.300 14,168,000 271,012,800 21,174,000 725,419,855
0....297,135,500 58,055,000 12,130,400 271,483,400 21,002,100 895,014,025
Mar.
-13....297,256,900 57,927,900 11,652,400 270,381,000 20,967.100 827,801,84.)
20....294,407,400 55,440,100 11,555,100 264,538,200 20,975,800 748.481,804
27....290,866,700 54,773.800 11,272,500 260,340,500 20,995,200 644,453.907
3 ...290.039,500 53,669.300 10,847,500 259,306,800 20,981,600 771,019,670
•April
**
10....283,470.900 52,023.600 11,935,900 256,267,800 20,987,900 810,774,89s
17....284,250,800 50,050.800 13,866,000 253,519,800 20,843,000 849,817.403
24....278,886,200 48.983.600 15,432,100 248,890,700 20,012,800 720,947.84«
May
1.;..280,436.300 49.406,500 17,014,000 252.572,200 20,646,200 697,435,05i
8....281,137,700 53,391,500 17,257,100 258,323,000 20,572,900 790.380,56a
15....278,574.200 56,278.000 19,229.300 261,075,900 20,498.400 807.632,04a
22....272,250,800 56.831.900 21,609.500 258.325,700 20,304,000 759,515.33i
29....273,216,400 59,271.700 22,547.400 202,762,000 20,238,100 795,990,673
June 5....276,056,000 61,109.000 21,934,800 266,839,000 20,059,900 639,336,132
Note.—With December 27 the Grocers’ Bank disappeared from the list.
8EOTJBITIK8.
44
0
50
225,000
180,000
Inc. 42,839.600 |
QUOTATIONS IN BOSTON.
49*
Norristown
North Pennsylvania
70
BALTIMORE.
Jilnehlll
The deviations from returns
liOans and discounts
68, boatAcar,rg.,19’»3
7s, boatAcar.rg.,19.5
Susquehanna 6s. coup.. .9.8 .*
do
do
40
Maryland 6s, defense, J.A J..
do
68, exempt, 1887....
do
6s, 1890, quarterly..
3
8
. .
do
100
’.910..
33
Schuylkill
Little
6s, rg.,’86
Nav.lst rn.6s.rg.,’97. '55
10* Schuylk.
do
2d m. 6s, reg., 1907
40
95*
do pref.
do
266 839,000 20,059,900
60,475,200 *76,056,000 61,109,000 21.934,800
Total
pref.....
Brook....
Elmira A Williamsport.......
do
do
pref..
Har. P. Mt. Joy A Lancaster.
Huntingdon A Broad Top...
1,497,000
45,000
1.145.700
3 Jh
38
do
new pref
Delaware A Bound
East Pennsylvania
223.900
810,000
117
105
do m. conv. g., reg.,*94
105
105
do mort. gold, ’97—
do cons. m.7s, rg.,191! 100*
Morris, boat loan, reg., 1885.. 81
Pennsylvania 6s,coup.,
09
28
Catawlssa.....
do
65
Division 6s, cp.,’78.
100*
Lehigh Naviga. m., 6s, reg.,’84 no
do
mort. RR., rg .’97
107
105
125
pref
do
*ff4
50
Delaware
STOCKS.t
Atlantic
ao
915.700
Chesap. A Dela. 1st
6s, coupon
Camden A
180,000
1,092,100
534,000
353.700
9.154.200
119
105
RAILROAD
763,000
93.600
296,000
'
Harrisburg City 6s, coupon..
450,000
4,600
413,200
120
123
Camden City 6s, coupon
do
7s, reg. A coup.
3.900
435.400
450,000
35
103
Texas A rac. 1st m ,6s, g.,1903
90
do
cons. m.,6s,g.,1903
58
ao
Inc.Al. gr ,7s 1915
80
83
Union A Tltusv. 1st m. 7s, ’90.
United N.J. cons. m. 6s,’94..
102*
Warren A F. 1st ni.7s, ’96
116
West Chester conR. 7s, ’91
105
West Jersey 6s, deb,, coup.,’83
120
114
do
1st m. 6s, cp., ’96.
do
1st m. 7s, ’99
do
cons. 0s, 1999 ....
Western Penn. RR. 6s,ep.:899 104*
6s P.B.,’96 105
do
CANAL BONDS.
85
82
-
45.000
269,200
142.600
83.000
614.400
262,000
7s, str.imp., reg.,’83-86.
N. Jersey 6s, reg. and coup...
do
exempt, rg. A coup.
Camden County 6s, coup
,10
25
’93
ios* syra.Gen.A Corn’*,Ur/s,1905
4s,coup., 1913.....
5s, reg. A cp., 1913.
60,gold reg... ...
7s, w t rln,rg. Acn.
io
do
438,700
14,555.200
966.000
7,852,000
’
do
800.000
599,000'
91.700
Pittsburg
7s, !3W
7s, coup, off,
105
Stony Creek 1st m. 7s 1907...
80
Sunb. Haz. A W.,lst m.,5s,’21.
Sunbury & Erie 1st m. 7s, ’97.. i*Q2
107
Allegheny County 5s,coup...
Allegheny City 7s, reg..
45,000
conv.
102
50
116
115
Pitts.Cln.ASt. L. 7s, cou.,190Cdo
do
7a, reg., 191 115*
1*12
Shamokin V.& Pottsv.7s, 1901
Steubenv. A Ind. 1st, 6s, 1884. 102*
to ’9; ....
6s,n.,rg.,1895A over 121
104
do 6s,n., rg., prior
do
do 4s, various
3.948.600
3.289.900
2.159.100
172.800
333.700
Philadelphia, 5s reg
do
6s, old, reg
10,808,500
ao
112*
112* 115
do
deb. 7s. cps.oC
do mort., 7s, 1892-3
Phila. Wilm. A Balt. 6s, ’84....
■50
53
1882-’92
450.000
1
40
41
60
26* Phll.AR.Coal&Iron tleb.7s,92
26*
reg.,187!
11.117,000
ro
do
1882-1832
1892-1902
reg.,li77-’8‘2
707,900
256.400
con8.m.fis.g.i.l911. .
en. m. 6s, 1903
.
..
do Imp. m. 6-j g., 1337...
do
108*
112*
Portsmouth
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp.
do
5s, cur.,ree
do
53, reg.,
114*
do
5s, new, reg.,
101*
do
68,10-15,
do
68,15-25. reg.,
ao
do
6s, In. Plane,
673.100
2.965.200
113*
PHILADELPHIA,
792,000
1.682.300
3,316.000
37*
ii3^
Palace Car
t
Phil. A Read, deben., cp.,’P3'
do
do
cps. oL.
do
scrip, 1882
do
In. m.7s, cp,1896
do cons. m. 7s, cp.,1911..
do cons. m. 7s, rg.,191l..
*29*
Pueblo A Arkansas
Rutland, preferred
Vermont A Massachusetts..
Worcester A Nashua
1.100
6.068,100
2,081,000
5.641.600
1.321.700
235.400
3.306,000
249.000
1,128.700 20,122,400
2,099.200 16.314.00C
659.600
2.525.800
2,577,100
Pullma
559,800
44,500
5,033,000
189.000
342.700
500.1)00
Old Colony
Portland Saco A
400
Bid. Ask.
SECURITIES.
29
...
pref..
do
495,000
0,596.000
4.525.600
7,072,400
Champlain
Dgdensb. A L.
$
*
432.800
1,399,000
1.495.600
100,000
Manchester A Lawrence....
114
Nashua A Lowell
37
Ne w York A New England...
Northern of New Hampshire
135
Norwich A Worcester
dept’s Circula¬
Legal
other
Tenders. than U. S.
Ask.
Bid.
SKOTJBITIBS.
amount of
Average
Etc.-Continued.
PHIL IOBLPHM,
BOSTON,
shows
Banks.—The following statement
the condition of the Associated Banks of
week ending at the commencement of business
Banks.
619
THE CHRONICLE.
t2, 1360.]
June
In
114
(
Louls.A Fr’k.,Loulsv.ln,6s/8!
Louis v. A Nashville—
105
Leb. Br. 6s ’86
+ 105
1st m.
Leb. Br. Ex.7s,*80-85.+
Lon.In.
do
Jefferson Mad. A
+ and lntere :t.
6s, *93...t
Ind. stock.
105
103
105*
105
620
THE
QUOTATIONS
U. 8. Bonds and active Railroad Stocks
are
STOCKS AND
OF
quoted
CHRONICLE
previous
on a
Alabama—Class A, 2 to 5
Class A, 2 to 5, small
Class B, 5s
’.
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss.
05
60
57%
...
60
80
67
15
5
5
5
5
5
7s, Memp. & L. llock RR
7s, L. R P. B. & N. O. RR.
.
7s, Miss. O. & It. It. Itlt...
7s, Arkansas Central RIt.
Connect icut—6s
SECURITIES.
Michigan—0s, 1883
7s, 1890
....1 Missouri—6s, due 1882
6s, due 1886
.
.
.
.
i
...
.!
113
'
102
102
103
....!.
....
...
6s, loan, 1883
6g, do 1891
6s, do 1892.
RAILROAD
106
59
Cedar Falls & Minnesota...
62
Consol, bonds
124
116
Extension bonds
1st mortgage
117
Frankfort & Kokomo
Harlem
Ind Bloom. & Western—
Intern’l & Gt. Northern—
Keokuk & Des Moines
do
do
pref.
§29%
510'
§25
23
30
60
107%
•
....
im
§5%
....
“
52%
§30%
....
§17"
....
§30%
....
•
•
•
•
§6'
16%
....
N.Y.&StraitsvilleCoal&Iron
....
§34"
§108
....
•
11'i"
•
•
•
ii
10%
55%
§4
§27
....
Railroad Bonds.
107%
38%
*98%
64%
37%
*105
Sinking fund
*107
Joliet & Chicago, 1st m...
107
Louis’a & Mo., 1st m., guar
do
2d 7s, 1900.
*99
8fc. L. Jack. & Chic., 1st m. *112
Miss.Riv.Bridge,1st,s.f,6s
8s, 1917, registered
Keok.& Des M., 1st,
g.,
5s.
90"
108“ TTT“
Income
,
39
89%
.
Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s
5s, sinking fund
Chic. Rk. I.& P.—6s, cp.,1917
*r
.
.
"
do
assented.
do
assented
do
_
assent’d
Am. Dock & Impr. bonds.
do
assented
ChJc.Mil.A St.P.—lst.8s,P.I)
2d mort., 7 3-10, P.D.,1898
1st m., 7s, $ g'Id,R.D.,7902
1st m., La C. Div., 1893.
istm., I. & M\ 1897.
LSt m., I. & D., 1899
1st m., C. & M., 1903
Con. sinking fund, 1905...
2d mortgage, 1884
1st m.. 7s. I.A D.Ext..l908
..
1st cons, gold 7s, 1920
Long Dock bonds
Buff. N.Y.& E, 1st m., 1916
N.Y.L.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
do 2d,con.,f.cp.,5s,0s
120
115
91k
108%
102
Income, 7s
r
•
f
114%
113
.
.
104
Ill
118
95
108% 109%
106% 108
Det.Mon.& T., 1st, 7s.’1906
Lake Shore Div. bonds...
do
do
do
do
cons,
cons,
cons,
cons,
coup., 1st
reg., 1st.,
coup., 2d.
reg., 2d ..
Louisv.&Nash.—Cons.m.,7e
2d mort., 7s, gold
ico%
105%
93%
94%
105
130
....
115"
115% 115%;
115%
103
ill
91
Cecilian Branch, 7s
Marietta & Cin.—1st mort..
1st mort., sterling
llo
112
116
8s, 1882, s
Equipment bonds..
6s, 1909
f
M0.K.& T.—Cons.ass.,1904-6
2d mortgage, inc., 1911
H. & Cent. Mo., 1st., 1890.
Mobile & Ohio—New m., 6s.
Nash. Chat. & St. L.—1st 7s.
N. Y. Central—6s, 1883
6s, 1887
6s, real estate
6s, subscription
N. Y. C. & Hud., 1st m., cp.
do
Istm., reg.
Huds. R., 7s, 2d in., s.f.,’85
Canada South., 1st, int. g.
Harlem, 1st m., 7s, coup..
115%
do
Istm., 7s, reg
N. Y. Elevated—1st, 7s, 1906
N. Wisconsin—1st, 6s..
+ And accrued
inttJM*
*
73%
98k
98%
108%
126
119%
Cleve.& Pitts., consol., s.f.
4th mort...
Col. Chic. & I. C., 1st con..
do
2d con...
do 1st Tr’t Co.ctfs.ass.
do 2d
do
ass.
do 1st
do
suppl.
do
do
84%
*....(109k
1
98
98k
90
102
110
105
*.... 109
109
...
•
•
•
•
ids%
60
112
99%
113
„
104%
112%
t
.
.
....
....
*104
103
128
*
.
*
f
*127%
dd%
ii3%;ii4
are
•
•
•
•
•
97
97"
;;;*
■
51
44
..
iPeoria Dec & E’ville—Incs.
52%
St.L.I.M.&S.—1st 7s,prf.int.
2d int., 6s, accum’lative ..
73%
82% 83%
(Brokers' Quotations.)
RAILROADS.
100
106
99
30
10
Atch.&P.P’k—7s,gld
Bost. & N. Y. Air-L—1st m.
Cent. Iowa.—1st m., new—
2d
Stock
Chic.&Can. So.—1st m.,g.,7s
Chic. & E. Ill.—S.F.c’y,1907.
Income bonds
Chic. St.P.&M’polis—1st, 6s
Land grant Income, 6s....
Chic.& Southwest.—7s, guar
Cin. Lafayette & Ch.—1st m
Cin.& Spr.-lst, C.C.C.&I.,7s
1st m.,g’d L. S. &M. S.,7s.
Denver Pac.—1st,7s,Id. gr.,g
Erie & Pittsburg—1st m., 7s
Con. mortgage, 7s
85'
99
103%
99
108k
107
85
100
85*'
103
100
76
15
M.—8s, l’d gr’t
105
105
95
lio"
80
18
92
108k 110%
1st, ex. 1. gr.,78—
Hous.& Gt.N.—Ist,7s,g.l900
Indianapolis & St.L.—1st, 7s
2d mortgage
Indianap.& Vine.—1st,7s, gr
Kansas & Nebraska—1st m
100
105
80
90
80" 90"
52
105
65
28
2d mort
55
107
73
32
108%
2d
50
17
60"
90
92
15
8
17%
10
84
74
76*’
21
3
Oswego Mid.—Stock
Convertible bonds
N. J. Midland—1st, 7s, gold.
Income, “A
“B
New Jersey So.—1st, 6s, new
St. Joseph & Pacific—Istm.
2d mortgage
St. Jo. & Western stock
St.L.& S.E.—Cons., 7s, g.,’94
St.L.Vandalia& T.H.—Istm
mortgage,
50
20
50
100
90
101% 102%
Consolidated 8s
do
105
100*'
35
equipment
Flint & Pere
N.Y. &
85
50
55
Miscellaneous List.
do
3%
36%
i8k
85
115
103
99
100
90
guar,
South Side (L. 1.)—1st mort
Union & Logansport—7s
U. Pac—South Branch
60
39
19%
100
105%
102
105
Southern Securities.
62
119
61
116
100
St. L.& Iron Mount’n—1st m
2d mortgage....
Arkansas Br., 1st mort
Cairo & Fulton, 1st mort.
Cairo Ark. & T., 1st mort.
St. L. Alton & T. H.—1st m.
2d mortgage, pref
do
income
Belleville & So. 111., 1st m.
St. P.& Sioux C.—1st 63.1919
St. P. M. & Manit’a—1st, 7s.
2d mort., 6s, 1909
(Brokers' Quotations.)
STATES.
100k N. Carolina.—New 4s
101% 102k So.Carolina—Con., 6s (good)
109 ~ 109%
Imp’t. cons
100
100% Texas—6s, 1892
M.& S.
113
7s, gold, 1892-1910 J.& J.
..
106"
109k 110% South Carolina consol
Virginia coupons
consol, coupons...
do
130
130
129
128
69'
112
+
95
103
l66"
105
+
41
10
40
10
20
87
93
59
103
110
80
105
93
100
20
’
RAILROADS.
Ala.&Chat.—Ree’rs ctfs.var
Atlantic & Gulf—Consol
Cent. Georgia—Cons, m., 7s
Stock
92k
74
111% 112%
J.& J. + 112%
7s, gold, 1904
Virginia-New 10-40s
Past-due Coupons.—
101% 10:% Tennesssee State coupons.
90
Charl’te Col.& A.—Cons., 7s
2d mortgage, 7s
EastTenn. & Georgia—6s.
95
95
106
113
85
107
95
100
100
109
85
119
103%l ... E.Tenn.& Va.—6s,end.Tenn
99% 100
E. Tenn. Va. & Ga.—1st, 7s
108
Equipment bonds, 7s, 1883 *30 ; 40
Stock
80
Consol, conv., 7s
97k
116
Georgia RR.—7s
Gt. Western, 1st m., ex cp *109% no
6s
105%
do 2d m.,7s,’93,ex cp
99% 100
Stock
102"
90
108
Q. & Tol., 1st, 7s, ’90,ex cp.
Greenville & Col.—7s, 1st m
105
111.& So. Ia., 1st m.78,ex cp *.... 102%
105
7s, guar
Hannibal & Naples, 1st 7s
no
Macon <fc Aug.—2d, endors.
100
St.L. K.C & N.R. E.& R.,7s 106" 107
Memphis& Cha’ston—1st,7s 100
Omaha Div., 1st mort., 7s 108k
2d. 7s..
99
2d mortgage ext., ex coup
...
Clarinda b„ 6s’, 1919
St.Chas.B’dge,lst, 7s, 1908
North Missouri. 1st m., 7s
West. Un. Tel.—1900, coup.
106
117%
109
118
Central of N. J.—1908
Chic.St.L.&N.O.—2d
m.
1907
Col.Chic.&Ind.C.,inc.7s,1890
Cent. Iowa coup, debt certs.
Ind’s B1.& W’n—Inc., 1919..
Ind’s Dec. & Sp’d, 2d Inc...
Int. & Gt. Northern—2d Inc
Leh. & Wilkes B.Coal—1888
Lake Erie& W’n—Inc.7s,’99
Laf. B1.& Mun.—Inc. 7.1899
65"
S. Carolina RR.- 1st
*93%
94"
73
65
36
*55
50
60
78
3d
4th
do
do
latest quotations made this week.
73
65*'
52k
67k
30
63
114
60
53
58
70
38
29
28
Stock..
Mississippi Cent—Istm.,7s 102
2d mort., 8s
105
Miss. & Tenn.—1st m., 8s, A 115
1st mortgage, 8s, B..
100
N. O. & Jacks.—1st m., 8s...
111
Certificate, 2d mort., 8s... 106
Norfolk & Petersb.—1st, 8s. 103
1st mortgage, 7s
101
2d mortgagees
no
Northeast., S. C.—1st m., 83. 127
2d mortgage, 8s
116
Rich.& Dan.—1st consol., 6s 104
Southw. Ga.—Conv., 7s, ’86. 107
H3k 114k
Mobile& O.—1st pref. deben
2d pref. debentures
*125
•
119k Long Island—1st mortgage
N.Y.&Greenw. L.—1st,7s, n.
INCOME BONDS.
....
registered
;Ohio Central—Inc., 1920....
2d
Registered 7s, 1911
Improvem’t, coup., 6s, ’97
General, coup., 69,1908...
do
do
7s, 1908...
Inc. mort.. coup., 7s, 1896.
Deb. mort., coup., 6s, 1893
Deb. mort., conv., 7s, 1893
Rome Wat. & Og.—Con. 1st.
1900, registered... ‘.
Spring. V’y W.Works—1st 6s
Oregon R. & Nav.—1st, 6s..
1087-6 104
111%
9(%
125%
121
104
Burlington Div
pref. inc. for 2d mort.
lstpref. inc, for consol...
100%
59%
92
Phil.& Read.—
Cons. coup. 6s
Registered 6s, 1911.
122% Wabash RR.—
122
Mortg. 7s of ’79
T.&Wab., 1st ext.7s,
1st St. L. div.7s,ex mat.cp.
112
do
115
96
2d 7s, 1898
2d gtd.7s, ’98 *102
1st
117
122
120
116
116
114
Registered
Funding 5s, 1809
i
Stock
Galv. Hous.& H.-7s, gld,’71
Gr’nd R.&Ind.—lst,7s,l.g.gu
1st, 7s, Id. gr., not guar...
84k
St.L.Va.&T.H., 1st g.7s,’97
•
•
sir
96%
96%
96%
...
Evansv. & Crawfordsv. -7s.
71
72
84%
Tol.Peo.&W —
Pur. Com. rec’pts, lst,E.D
1st mortgage. W. D
116%
Np price to-day; these
m..
ra..
...
103%
._J03%
Nasliv. & Decatur, 1st, 7s.
L. Erie & West.—1st 6s, 1919
Laf. B1.& Mun.—1st 6s. 1919
2d
3d
8mnll
7s,
Coupon 7s, 1911
78%
Hous.A Tex. C.—1st, m. l.,7s
1st mort.,
10a
111
117
117% 119
8o% 85%
idi%
97" Metropolitan Elev—1st,1908 ioi%
117% 117%
100% 100%
....
102%
108%
119% 119%
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s«
2d C., Main line, 8s
109%
2d Waco & N., 8s
Inc. and ind’y, 7s
Ill.Cent.—Dub.&Sioux C.lst 100
Dub. & Sioux C., 2d div... *110
Cedar F.& Minn., 1st m.. 108
Ind. Bl’m & W.—1st, pref. 7s
117
72
1st mort., 7s, 1900
2d mort., 1909
59%
Ind’s Decatur & Sp’d 1st 7s
97
Int. & Gt. North. 1st 6s,gld.
98
Lake Shore—
Mich S. & N. Ind., s. f., 7s.
Cleve. & Tol., sink. fund..
do
new bonds. *106
Cleve. P’ville & Ash., 7s
114
Buffalo & Erie, new bds... 117%
Buffalo & State Line, 7s..
Kal’zoo & W. Pigeon, 1st. 111''
do
do
do
107
122% 122%
118% 119"
do
do
108
Han. & St. Jos.—8s, conv...
37%
121%
112
......
Prices nominal.
118
114
103
•
*109% 109%
107 % 108
107
107k
2d mortg., ext’n 5s, 1919.
3d mortgage, 7s, 188
[883.
4th mortgage, 7s, 1880
5th mortgage, 7s. 1888
106
100
Adjustment, 1903
Lehigh & W. B.,con.,g’d..
"
65*-1
Central of N. J.—1st m., ’90. *116%
1st consolidated
Convertible
115
106
....
114'
Rens.& Saratoga, 1st,coup
do
1st, reg. *125
Denv.& R. Grande—1st,1900 10154
Erie—1st mort., extended.. 122
.
pref.
Montauk Gas Coal
Chesap.A O.—Pur. m’y fund
8s, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mort
r
:
..
m.
2d mort..
1st con., guar
—
§16%
Leadville Mining
Little Pittsburg Mining
Mariposa L’d & Mining Co..
Stock Exchange. Prices.
Balt. &0— 1st6s,Prk.b.l019
Bost. H. & Erie—1st m
1st mort., guar
Bur. Ced.R.g North.—1st,5s
Minn.& St. L., 1st, 7s, guar
Iowa City & West’n,lst 7s
Central Iowa, 1st m.7s, 1899
117%
Albany & Susqueh., 1st
do
do
do
pref
Silver Cliff Mining
Standard Cons. Gold Mining
.
r110
liok 116%
t
•
•
6s. deferred
| D. of
Columbia—3'65s, 1924.
iN.Y.LakeE.&W.inc. 6s. 1977
.
86
Morris A. Essex, 1st m
1st m., Carondelet Br...
131%
2d mort...
do
89
St.L. & S.F., 2d 6s',class A.
do
68
bonds, 1900 *103 '
do
3-68, class C.
*102
do
constructs
70
do
3-6s. class B.
7s of 1871.
do
111%
do 1st 6s,Peirce,C&O
do
1st con.,g’d..
97"
do Equipm’t 7s, ’95
107%
Del.& Hud.Canal—1st m.,’84 *104%
104
I South Pac. cf Mo.—1st 111
1st mortgage, 1891
109% Texas & Pac.—1st, 6s, 1905. *102
extended
do
90.
Consol. 6s, 1905
do
■
62
Coup., 7s,’94 *joT~ 109%
Income and land gr’t. reg.
107
do
60
Reg. 7s,’94.
1st Construction^, 1930.
*.... 173
1st Pa. div., coup., 7s, 1917
Pennsylvania RR—
do
reg., 7s. 1917
Pitts.Ft.W.& Chic., 1st m. 130%
.
•
Quicksilver
102
•
•..
89% 90
98% 100%
Den. Div. 6s ass. cp.ctf,..
do
1st consol. 6s
Pacific RR. of Mo.—1st m.
2d mortgage
102%
•
.
rH rH 00
....
Wells, Fargo & Co
Pullman Palace Car
1
....
55%
Oregon Railway & Nav. Co.
Pennsylvania Coal
105%
•
112
Ontario Silver Mining
115%
115
.
'
•
BONDS.
J07%
American Coal
Boston Land Company..
Boston Water Power
Canton Co., Baltimore...
Caribou Consol. Mining..
Central Arizona Mining.
Central N. J. Land Imp..
do
Sinking fund
120
114
113%
.
.
109
78
Registered, 8s
Collateral Trust, 6s
Kansas Pac.—
1st m., 6s, ’95, with cp.ctfs
1st m.. 6s,’96,
do
....
117k
.
Central Pacific—Gold bds. 113%
San Joaquin Branch.... 105% 106
Cal. & Oregon, 1st
105%
State Aid bonds
*106%
105
Land grant bonds
Western Pacific bonds.. 108k 109
South. Pac. of Cal.—1st m.
96
98k
114 %
Union Pacific—1st mort..
Land grants, 7s
ni%! 112
...
Syr. BiL «h. & N. Y., 1st, 7s
35
70
30
26
*
98
—
4%
26
23
23
23
85
59
24
j
116%
1J5%
—
....
*113%
7s, convertible
Mortgage 7s, 1907
§120*'
Adams Express
American Express
United States Express...
Maryland Coal
Nevada Central—1st m. 6s.
Ohio & Miss.—Consol, s. f’d
Consolidated
2d consolidated
n'6%
*111 k
C. C. C. & Ind’s—1st, 7s, s. f.
Consol, mortgage
117
118k
C. St.L.& N. O.- Ten. lien 7s
V159
160
1st con. 7s
Del. Lack. & Western—
§21%
2d mortgage
121
Miscellaneous St’ks.
Mining
....
1111
.
98
96k
Terre Haute & Indianapolis
Texas & Pacific
Tbledo Peoria & Warsaw..
United N. J. RR. & Canal
Mining
....
2%
*•
6s, new
6s, new series.
j Virgin a.—6s, nld
11
6s, new, 1866
21 !
6s, new, 1867
18%!
6s, consol, bonds
18%:
5" * j
3
3
103
112
115
AND
•
38
1
STOCKS
£
Ask.
36
•
class 2
class 3
Rhode Island—0s,coud.'93-9
1
2dm...
do
17%
6s, 1886
Peninsula. 1st m., conv..
Chic. & Mil., 1st
Winona & St. P., 1st m.
§31
-
17%
Ohio—6s, 1881
.
....
Stonington
Colorado Coal & Iron....
Consolidation Coal of Md..
Cumberland Coal & Iron...
Deadwood Mining
Excelsior Mining
Gold & Stock Telegraph...
Homestake Mining
do
do
~~
..
Louisv. N. Alb. &
N. Y. Elevated
N. Y. New Haven & Hartf.
N. Y. Ontario & West.,pref.
Peoria Decatur & Evansv..
Pitts. Ft. W. & Chic., guar,
do
do
spec’l.
Rensselaer & Saratoga
Rome Watertown & Ogd...
St. Paul & Duluth
do
do
pref.
New bonds, J. & ,T
do
A.& O
116%
Coupon gold bonds
117
Registered gold bonds.
Sinking fund
*105% 107
*119
Iowa Midland, 1st m., 8s
Galena & Chicago, exten. *105
105%
174
Long Island
Chicago..
Memphis & Charleston
Metropolitan Elevated
Funding act, 1866.
do"
1868
Non-funda.hle
!
2k
101% 102%
•f
110
90
90
10
10
Bid.
^
Tennessee—6s, nld
Special ta.x, class 1
103
88
be
par may
South Carolina—
6s, Act Mar 23 1869 )
30
30
28%
110 ~
A.& 6
coup, oft’, J. & J.
coup, off, A.& O.
1st m., Springfield div
110% Ohio Cent., 1st m., 6s, 1920.
Peoria Dec. & E’ville, 1st 6s
121% 122% Pacific Railroads—
Int. bonds
Chicago & Alton, pref
Clev.& Pittsburg, guar—
Dubuque & Sioux City
1
...
}
Istm., H. &D„ 7s. 1910... 110
Chic. & Northw.—Sink. f’d. *110
543k
do
do
do
t
SECURITIES.
1
|
119
•
MISCELLANEOUS
Chic. M.&8t.P.—Continued.
S.-west div., 1st 6s, 1909..
1st 5s, LaC. & Dav., 1919.
1st So. Minn. div. 6s, 1910.
Railroad Stocks.
(Aciioe previously quoted.)
Albany 8$ Susquehanna....
Boston & N. Y. Air L., pref.
Burl. Cedar Rapids & No...
*
T
■
117
118
AND
*
t
110
111
112
107
107
107
107
do
do”"’’ 1887..
New York—6s, gold, reg.,’87
6s, gold, coup., 1S87
i
Ii
*
108%
108%
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
....i
169%
109%
Illinois—6s,coupon, 1879...
do
’83
6s! due 1887
...J
iiok
7s, gold
La Plata
or
-
YORK.
Ask.!
Bid.
SECURITIES.
46%! New York—Os, loan, 1893
...1 North Carolina—6s, old,.T&.T
”..ji 6s, old, A.& O
No. Car. Itlt., J. & .)
I
...
44
104
115
103
108
<
NEW
BONUS.
Ask.:
46%
102
7s, hew
7s, endorsed.
Climax
Bid.
Louisiana— <s, consolidated
7s. small
..
Georgia—6s
War loan
Kentuckv—6s
Ask.!
Bid.
IN
Prices represent the per cent value, whatever the
paye.
STATE
SECURITIES.
BONDS
[Vot. XXX
54%
•70
171
41
31
31
Stock
m.,
7s.
Stock
7s, 1902, non-enjoined
—
Non-mort". bonds
West Ala.—1st mort., 8s....
2d mort., 8s, guar
Western N. C.—1st m., 7s
109
102
8
71
32
109
109
08
31
105
108
118
102
113
110
107
110
12
74
37
112
112
101
§,No quotation to-day; latest sale this week*
621
THE CHRONICLE
1880.J
June 12,
LOCAL
NEW YORK
SECURITIES.
Capital.
COMPANIES.
at latesi
Ma£k’d
HiuB £0
arc not Jon
dates. §
I Amount
o5
, >h
i.
Period
Net
Bid. Ask
Last Paid.
1878. 1879.
3,000,000 1,515,800 J.&J.
5,000,000 1.504.400 M.&N.
250,000 108,800 .1. & J.
1,000,000 1.224.400 J. & J.
92,200 J.&J.
300,000
2,000,000 389,000 J.&J.
300,000
> May,
8
6
11
10
7
67.900
178.300
an.,
j
‘0
10
16
6
7
3
6
100
6
10
8
Jan.,
Jan.,
Jan.,
Jan.,
Mar.,
•J.’& j‘.
450,000
May,
300,000 3,329 800 Bi-m’ly 100
Ja :,,
0
J.&J.
600,000
10
M-y,
M.&N.
1,000,000
8
Jan.,
f. & J.
5,000,000
3^ Jan.,
J. & J.
1,000,000
10
Feb
10
F.& A.
1,000,000
Jan.,
J.&J.
3X
250,000
I. & J.
July
100,000
6
0
Jau.,
J. & J.
150,000
100,000
120
12
Apr.,
Q-J.
500,000
6
6
Jau.,
J. & J.
3,200,000
7
10
May,
M.&N.
600,000
7
7X A pi.,
A.& O.
1,000,000
2X Feb.,
F.& A.
750,000
5
5
May,
May.
200,000
3
May,
200,000
6
6
M.&N.
May,
200,000
7
7
253,
r
I.
J.
Jan.,
&
100
1,000,000
Hanover
14
14
J. & J.
Jan.,
Imp.& Traders’ 100 1,500,00'/
8
8
J. & J.
Jan.,
50
500,000
Irving
3
Jan.,
J. & J.
100,000
Island City*... 50
“8
11
Jan.,
J. & J.
600,000
Leather Manuf. 100
7
8
&
F.
A
Feb.,
Manhattan*
50 2,050,000
J.
J.
&
July.
Manuf.&Mer.* 20
100,000
Jan.,
J.&J.
Marine
100
400,000
7
Jan.,
J. & J.
Market
500,000
100
8
Jan..
J.&J.
Mechanics’
25 2,000,000
4
2
M.&N.
May,
Mech. Assoc’n. 50
500,000
July,
Mech’lcs A Tr. 25
200,000
“0
M.&N.
May,
Mercantile
100 1,000,000
7
64s
Jan.,
J.&J.
Merchants’.
50 2,000,000
5^ Jan.,
J. & J.
Merchants’ Ex. 50 1,000,000
J. & J.
Jan,,
100
300,000
Metropolis*..
9
10
Jan.,
J. & J.
Metropolitan.. 100 3,000,000
12
12
Jan.,
J.
&
J.
100,000
Murray Hill* *. 100
5
5
M.&N.
May.
Nassau*
100 1,000,000
7
8
Jan.,
J. & J.
New York
100 2,000,000
8
8
Jan.,
J. & J.
N. Y. County.. 100
200,000
8
Feb..
F.& A.
N. Y. N. Exch. 100
300,000
Jan.,
J.
&
J.
Ninth
100, 750,000
July,
.J.&J.
No. America*.. 70
700,000
"i •Tan.,
J.&J.
North River*.
30
240,000
10
8
Jan.,
J. & J.
Oriental*
25
300,000
10
May,
Pacific"........ 50
422,700
Q—F- 10
0
6
>
jan.,
J. A J.
Park
100 2,000,000
7
8
Jan.,
J.&J.
25
People’s*
412,500
6
3
Jan.,
Phenlx
J. & J.
20 1,000,000
July,
Produce*
50
125,000
6X Feb.,
F.& A.
100 1,500,000
Republic
3
Jan.,
St. Nicholas.... 100
500,000
3
Jau.,
J. & J.
Seventh Ward. 100
300,000
9
> J. & J.
*8 Jan.,
Second
100
300,000
10
8
Jan.
1 J.&J.
Shoe A Leather 100
500,000
'
6
6
Jan.,
Sixth
J.&J
100
200,000
7
7
May,
M.&.N.
State of N. Y.. 100
800,000
3
Jan.,
Third
J.&J.
100 1,COO,000
‘7
Jan.,
J. & J.
40 1,000,000
Tradesmen’s..
JX
8
May.
M.&N. 10
Union
50 1,200,000
8
12
JaD..
West Side*.... 100
J. & J.
200,000
.
.
Jan.,
#
„
,
,
.
-
E
I*
F
,,,,
•
.
•
.§*
..
•
•••
•
•
••
.
V*
•
•••
....
....
'
w
and of date March
20,1880, for the State banks.
Ga* and
80. 3X
80. 3^
80. 5
80. 8
80. 3
80. 3X
80. 3
80. 3
80.15
80. 3
80.10
205
80. 4
140
*>:
Bowery
Broadway
Brooklyn
117
Gab Companies.
City...
143
113
lH 1,1
...
Eagle
Empire City....
80. 3X
76. 3
80. 3
80.
80.
80.
80.
80.
80.
80.
80.
80.
80.
Amount. Period.
25
20
Var.
Var.
A. & O.
F.&A.
J. & J.
50
100
V^r.
100
4,000,000 J.&J.
25
Va\
100
10
1,000,000
2,000,000
1,200,000
1,000
315,000
50 1,850.000
20
750,000
Brooklyn Gas Light Co
Citizens’Gas Co (Bklvn)
bonds
Harlem
Jersey City & Hoboken
Manhattan
2,500,000 M & S.
1,00(T,000 M. & S.
5,000,000 Quar.
1,000 1,000,000 F.& A.
Metropolitan
Mutual, N. Y
bonds
Nassau, Brooklyn
scrip
New York
700,000
4,000,000
1,000,000
300,000
1,000
Var.
300,000
50
466,000
50 1,000,000
1,0C0 1,000,000
'
People’s (Brooklyn)
bonds
certificates.
Central of New’ York
Williamsburg
ao
do
do
do
do
bonds
100
100
Metropolitan, Brooklyn
Municipal.
do
100
Fulton Municipal
Bleecker St. & Fult. Ferry—St’k
1st mortgage
Broadway & Seventh av.-St’k
1st mortgage
Brooklyn City—Stock
1st mortgage...
Broadway (Brooklyn)—Stock ..
Brooklyn & Hunter’s Pt.—St’k
1st mortgage bonds...........
Bushwick Av. (B’klyn)—Stock.
Central Pk.N.&E. Biv—Stock
Consolidated mort. bonds —
Christopher & Tenth St.—Stock
Bonds
Batt’ry—Stock
consolidated
Eighth Avenue—Stock
lstmortgage,
..
1st mortgage
42d St. & Grand St. Ferry—St k
1st mortgage
—
Central Cross Town—Stock ....
Hmfst!west%t’. & Pav.F’y—St’k
1st mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
1st mortgage
100
1,000
J. & J.
F.& A.
Quar,
A.A O.
1,500,0001
50
17
Firemen’s
Firemen’s Tr.. 10
Franklin&Emp 100
Germau-Amer. 100
50
Germania
50
Globe
25
Greenwich
Farragut
275
600
5
'dX 116*4 118
3>a
4
i37
2X
*83
5
3
3
Guardian
Hamilton
Hanover
Hoffman
Home
3X
7
80. 4
78. 3
80. 4
80. 3H
79. 2%
80.
80. 4
80. 4
80. 2X
79. 2*>
79. 3
80 3%
80. 3
90.
80. 5
80. 6
80. 3
80. 4
80. 4
80. 3X
80. 2H
7. 3
80. 3H
80. 4
80. 2J*
80. 3
80. 3X
79. 3
74. 3
80. 4
90. 3
80. 3
80. 5
80. 4
80 3
80. 33*
80. 33^
80. 3H
80. 5
80. 6
247
130
Hope
135
Howard
145
Importers’* T..
Irving
..
900,000 J. & J.
694,000 J. & J.
2,100,000 Q-J.
1,000 1,500,000 J.&D,
10 2,000,000 Q-F.
300,000 M.&N
1,000
100
200,000 Q-T.
100
400,000 A. & O.
300.000 J. & J
1,000
100
500,000 J. & J.
100 1,800,000 J. A J
1,000 1,200,000 J.&D.
100
6cO,ono F.& A
250,000 J. & J.
1,000
100 1,200,000 Q F.
500&C.
900,000 J.&D.
100 1,000,000 Q-J.
203,000 J. & J.
1,000
100
748,000 M.&N.
236,000 A.&O.
1,000
100
600,000
200,000 M.&N.
1,000
100
250,000
500
500,000 jv&.i:
100 1,199,500 J.&J.
150,000 A.&O.
1,000
1,000 1,050,000 M.&N.
500&C.
200,000 M.&S.
100
750,000 M.&N.
500,000 J. & J.
1,000
2,000,000 Q-F.
1,000 *,000,000 J.&J.
100
600,000 K. & A.
250,0001 M.& N.
1.000
dividend on stocks,
+
Jefferson
121
Kings Co.(Bkn)
Knickerbocker
'65
Latayette(Bkn)
‘90
Lamar..
Lenox
95
134
100-
130
Longlsl.i'Bknjf
Lorillard
Manuf.* Build.
Manhattan
Mech.ATrad’rs'
iso
149
Mech’lcs’(Bkn)
Mercantile..
Merchants’.....
Montauk (Bkn)
.
110
104
98
105
12 L
127
120
iod
1004s
Nassau
Date.
Peter
Cooper...
People’s
Phenlx
Relief
Republic
Rutgers’
120
t
St.Nicholas..
Standard
160
Star
Sterling
Stuyvesant
Tradesmen’s....
United States..
Westchester...
Willlamsb’g C.
200,000
1,000,000
1.000,000
200,000
200,000
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
200,000
150,000
500,000
200,000
3,000,000
150.000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000/
350,000
200,000
37X
35
100
100
100
50
25
25
100
20
50
50
50
100
25
25
50
100
100
25
25
25
10
50
200 000
150,000
150,000
1.000,000
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
300,000
250,000
300,000
250,000
136,442
875,606
752,754
118,251
343,749
22,908
icT
10
30
20
40
22
10
30
7
10
120 806 20
085,945 10
54,536 10
1,320,785 10
4,089 10
110,815 12
78,922 12
6,489 13
290,776 10
193,014 20
4,938 10
134,907 20
97,680 10
31,104 10
253,533 20
34,202 10
182,909
17^
10*
10
10
10
10
10
10
10
1
10
10
10
10
12
10
20
20
10
10
12
20
10
20
14
N’ne
N’ne
11
10
30
12
20
12
15
10
5
20
9
_
163.590
36,832
159,702
109,951
147,011
20
10
20
18
20
101,513 14
310,395 20
180,185 17
20,068
1,065 10
517,458 12
108,148 11
399,052 20
89,737 20
190,043 20
103,739 18
467,080 20
43,577 10
20,725 10
175,334 20
10
13
5
12
10
20
20
10
13
10
20
10
15
12
10,841 10
109,090 1235 0-23
121.591 174> 12X
10
28,519 10
14
10
12
10
20
187,084 10
102,389 20
215,455 10
121,502 10
443,695 20
Jan.,
Jan.,
Jan.,
Jan.,
-
5
12
8
20
12
20
12
10
10
J am.,
,Jan.t
Jan.,
jan.,
•
....
•
Jan.,
JaD., ’80. 0
fpl..
’80. 0
Jan., ’80. 5
Jan., ’80. 5
8^ Jan., ’80. 34?
20
Jan., ’80.10
Feb , ’80. 3
10
9*73 Jan., ’80.6-23
12
Jan., ’80. 5
8^ Feb., '80. 3X
10
Jan., ’80 5
10
Jan., '80. 5
Ja ■>., ’80. 5
11
10
Jan , •SO. 5
•Jau , ’80.10
20
NtW York:
Water stock
Croton water stock.. 13!:)- ol.
do
..lSy2-60.
do
Croton Aqued’ctstock. 1865.
do
pipes and mains...
do
repervoir bonds
Central Paik bonds. .1853-57.
do
19
J’ly,1900 98
Apr.,'80! 90
July. ’84 102^
34s May, ’80 165
7
3
2
Nov., ’80 102
234 Feb..’80 65
7
3
7
3
7
6
1S&)
95
May, ’80 119
June,’93 110
Apr., ’80 160
Jan., ’84 100
May, ’80 170
7
Apr.,’93 110
25
NOV.1904 100
20
7
July, ’94 98
2^4 Jan., ’80 60
7
Apr , ’85 100
7
May, ’88 94
7
Sept..’83 93
5
May. ’77 125
7
July. ’90 110
5
May, *80 160
7
July, ’901103
4
Feb.,’80 110
7
May, ’93 105
but the date of maturity of
..18d3-65.
1S70.
h
do
1865^f2’
Market stock
Improvement stock.... 1869
do
no
....1869.
Consolidated bonds
var.
Street imp. stock
var.
do
do
var.
New Consolidated
Westchester County... ....
21
101
95
105
175
110
150
100
105
95
Consolidate!
Asses
Apr.,’80 140
Apr., ’90! 95
1888 ;1023*
2X Jan., ’30 85
3
8734
Jan., ’SO! 81
7
Dec.1902 10834 112
7
no
Dock bonds
• ••*
meat
5
5
0
6
7
0
5
0
7
0
7
6
7
do
••
Park bonds
Water loan bonds
Bridge bonds
70
100
125
115
175
110
180
115
30
105
Water loan
City bonds...
Kings Co.
do
bonds
do
Park bonds
•All
Ftb.,May, Ang.& Nov.
do
May & November.
May &
do
do
do
do
do
January &
July,
do
do
Qua-terly.
May « November.
Beebs, Jr., Broker,
do
do
do
do
4
do
do
May A
10
do
do
do
do
do
November.
do
no
January A July.
do
do
flat.
[Quotations by C.
Zabbibki*. 47
175
105
115
112
bonds
Jersey
.
City—
.
waleVo°“;!?”8::..:i86«i:
improvement bonds..--...
Bergen bonds
ltwo-o*.
.
ioo
107
...
140
115
70
135
170
90
133
••«
•
....
100
70
141
•
•
•
•
.
.
,
120
«
.
.
90
130
83
140
105
100
....
135
•
•
130
....
•
•.
.
100
140
137
110
250
00
130
100
80
130
55
100
95
00
135
170
50
115
100
85
130
•
-
115
....
•
150
150
75
120
115
155
100
155
•
« •
•
•
••
130
•
•
•
•
100
109
163
110
120
00
70
.05
145
....
140
110
205
108
180
105
.
...
115
....
112
130
85
75
-
75
70
130
55
125
102
70
115
!00
120
203
100
70
139
106
80
120
105
1?5
110
l....
+ 3urpius
Pbiob.
due.
Bid. Ask.
100
105
104
100
112
1884-1900
1907-1911 118
1898 p 108
115
1895
122
1901
115
1898
118
1894-1897
107
1889
115
1890
115
1901
107
1888
102
1882
-115
1896
122
1894
107
1920
1880
1890
1883-1890
1884-1911
1884
102
101
100
109
120
125
120
109
110
125
110
120
108
110
118
108
105
110
123
109
103
1880-1883'102^
18c3-1891il07
1915-1924; 120
19OO-1924|120
1904-1912! 120
104
103
1880-1883 iO0
1880-1885 114
U18
1924
1907-1910 117
108
118
129
129
129
110
112
111
110
120
119
Montgomery St.. Jersey City.]
96
1V5
123*
140
1 New St.]
& July.
January
ioi
0234
10234
9^34
November,
do
do
do
do
do
0
Brooklyn bonds
do
do
do
5
7
7
7
7
7
0
0
7
0
3
bonds
do
do
May & November.
?*•
[Quotations by N. T.
City
do
do
do
7
2:6
Bonds
Aug.& Nov
,.
Ss-
•••
Brooklyn—Local lm w ein 1
Keb., May
do
*
....
200
Broker, 27 Pine Street.]
Mouths Payable.
Rate.
’80. 4
Jau., ’80.10
Tao.. ’80. 0
Jan.. ’80.10
Interest.
.
VO
A. Moban,
5
4
0
5
0
7
5
5
5
Jan., ’79. 5
5
[Quotations by Daniel
’80.
’80.
’80.
’80.
’80.
80.
’80.
’80.
’80.
Jan.,
Jau., 80, 7
Jan., •80. 5
Jan., ’80 5
Feb., ’80, £>
Jan
125
9S
1S5
195
190
190
L17
130
55
105
180
185
95
100
120
95
105
180-92
Jan., ’80. 5
Securities.
City
130x
70
100
105
1898
7
75
Feb. ’78 70
3
160
7
Jau., ’80 150
190
8
June, > 0 185
5
June, ’80 xl38 145
104
’80
101
Jane.
3^
80
IX July, ’79 75
104
1882
10)
00
2X Feb., TO 55
100
3X Nov, ’79 95
107
’79
104
4
May,
40
3% Jau.. ’76 37
100
98
1897
7
85
3X Jan., ’80 75
GO
3
Aug., ’79 50
75
70
’80
IX Jao.,
102
100
1900
6
75
2X Jan., ’80 05
170
5
•Jan., ’80 100
110
105
183S
8
90
80
j
May, ’80 125
2}4 Feb;, ’80 63
1
capital and scrip,
including re-insurance,
Over all liabilities,
10
20
18
20
20
10
11
•
20
5
12
140,928 20
238,166 30
Jan.. ’80. 6
Jan., '80. 5
Dec., ’79.10
Feb., ’80. 8
Jan., ’80.10
.Jan., ’80.10
Feb., *80. 5
Jan.. ’80. 5
July, ’77. 5
Jan., ’80. 0
10
13-65 Jan., ’80.0-85
Apr., ’80. 7M
15
Jan., ’80. 3X
10
Feb., ’80. 5
10
Jan., 80. 7X
15
SX Jan., ’80. 3
Jan., ’80. 5
11
Jan., ’80. 5
7
Jan., ’80. 5
10
Jan., ’80. 7
14
Jan., ’80. 5
10
Jan., ’80. 7!*
30
Jan.. ’80. 34,
7
Jaa.,
’80.
12X
Jan., ’80. 5
20
Ian., ’SO. 5
10,
Jan., '80. 5
10
«f ED
’79. 3*i
3X
Jau., ’80. 5
5
Jan., ’80. 5
10
84* Jan., ’80. 3
10 ~ Mar., ’80 5
Jan., ’80.10
20
Jan., ’80. 5
5
Jan., ’80. 5
14
Jan., ’80. 5
10
10*2
includes scrip.
Bid. Ask.
*
(Bklyn)
National
N. Y. Equitable
New York Fire
N. Y. & Boston
New York City
Niagara
North River....
Pacific
Park
Broker. 145 Broadway.]
100
100
Twenty-third Street—Stock.
1st mortgage
M.&N.
J. & J.
M.&N.
1,000,000 M.&N.
1,500,000
[Quotations by H. L. Gbant,
♦This column'shows last
M.&N.
750 000 M. &N.
bonds
Dry Dock E.B.&
Var
Rate,
30
fcxcauge
and Bonds.
Prentiss, Broker, 19 Broad Street.]
Par.
40
100
Bid. Ask
Last Paid.
1878. 1879.
14
10
200,000
20
300,000
20
200,000
20
153,000
20
300,000
163,429 17X 10-72
210,000
12
130,255 18
250,000
N’ne
2,725 5
300,000
18
25
112,401
200,000
13-40
1,000,000 1 108,151 125C 20
20
544.412
300,000
10
73,858 14
200,000
10
99,155 15
200,010
15
139.833
15
200,000
10
68,936 12
204,000
11
76,147 12
150,000
2f>
25
17
20
70
Price.
Dividends.
475,371:15
0?,545j 10
380,940 20
300,404 20
196,447 20
480,579 20
400.000
Clinton
100
30
Columbia
50
Commercial
100
Continental., t
i, 1990, for the National banks
|
do
Par. Amount
Jan. 1,
1880.*
1
Citizens’
*
do
Surplus,
American
+ 50
American Exch 100
City Railroad Stocks
[Gas Quotations by George H.
do
Capital.
Companies.
i
100
America4
Am.Exchange. 100
100
Bowery
25
Broadway
Butchers’& Dr. 25
100
Central....
100
Chase
Chatham....... 25
100
Chemical
25
Citizens’
100
City
100
Commerce ....
Continental.... 100
Corn Exch’ge*. 100
25
SastRiver ...
Uth Ward*.... 25
100
Fifth
Fifth Avenue”. 100
100
First
100
Fourth
30
Fulton
50
Gallatin
75
German Am.*
German Exch.* 100
100
Germania*
Greenwich*. . 25
Street.]
[Quotations by E. S. Bailey, Broker," Pine
Price.
I-IVIPEND9.
Surplus
Stock List.
Insurance
Bank Stock List.
January &
July.
& July.
J. & J. and JAD.
January
January
and July.
1895
1899-1902
1891-94
1900
Cl
03
05
30
102
109
10 •
101
CHRONICLE.
THE
622
The total expenses of every kind were
^uucstmcuts
of
STATE, CITY AND CORPORATION FINANCES.
INVESTORS'
has been
and
463
fflacon & Augusta
542
Manhattan Beach Co
493
Manhattan Elevated
544
Marietta & Cincinnati.... 567, 589
465
433
Maryland Union Coal Co
Memphis & Little Rock
Augusta & Knoxville
493
Metropolitan Elevat’d.519, 544,589
466
466
Michigan Central
491
Mil. Lake Shore & Western
464
Minneapolis & St. Louis
432
—
Brooklyn & Montauk
600
Burl. A Mo. R. in Neb.518,544, 600
Cairo & St. Louis
464
Camden A Atlantic
518
Canada Southern
600
Carolina Central
600
Central Iowa
433, 518
Central Ohio
544
Central of New Jersey
566
544
Central Pacific
Cheshire
518
Chic. Burl. A Quincy
566
Chic. Clinton Dub. A Minn
544
Chic. Mil. &
St, Paul. .433, 518, 544
Chicago & Northwest.433,493, 600
Chicago & Pacific
433
Chicago & Paducah
518
Chic. R. I. & Pac
465, 544, 567
Chicago St. Louis & N. 0
465
Chicago & Tomah
465
Chic. A Western Indiana
Cincinnati City
Cin. Ham. & Dayton
493
465, 567
465, 598
Cin..Wabash & Michigan
433
518
Cleve. Col. Cin. A Indianap
Cleve. Mt. Vernon A Del
Colebrookdale
Col. Chic. A Ind. Central
Concord
Connecticut Central
Connecticut Western
600
589
1 518
599
544
465
Dallas A Wichita
465, 493
Danbury A Norwalk
:
Delaware
Delaware
Delaware
Denver &
A Bound Brook
& Hudson Canal
567
566
518,589
State Bonds
Rio Grande
493
493
Dubuque A Dakota
493
East Tennessee Va. & Ga
Easton & Amboy
Elizabeth City Bonds
567
566
589
Flint & Pere Marquette
518
Framingham & Lowell
493
Georgia Railroad
434
Georgia RR. and Banking Co. .542
Georgia State Bonds
465
Grand Rapids & Indiana
463
Grand Trunk of Canada
517
Grayville & Mattoon
Great West’n of
Green
493
Canada..464, 544
Bay & Minnesota
Greenwood A
518
Augusta
493
Housatonic
464
Houston East & West Texas... 544
Indianap. Delphi A Chic
International
A Great No
434
518
Jersey City A Bergen
566
Kansas City F. S. & Gulf. 463, 465
Kan. City Lawrence & So.519, 543
Kan.
City St. Jo. & C. B...466, 519
Lake Erie & Western
567
Lake Ontario Southern...434, 466
Lake Shore & Michigan So
490
Laurens Railroad
434
Local Indebtedness of Ohio.... 466
Louisville & Nashv
493, 519
Louisv. N.Alb.A Cliic.434, 466, 519
Louisiana State Bonds
493
ANNUAL
Mo. Kan. & Tex. Extension
Missouri Pacific
Mobile & Ohio
Morris & Essex
567
544
434
566
New Jersey Midland .519,544, 566
New Jersey & New York
.566
New Orleans City Debt... .466, 494
N. O. Mobile & Texas
466
New Orleans & Pacific
434
N. Y. Central & Hud. Riv. .494, 589
N. Y. City & Northern
519, 544
N. Y. Elevated
544
N. Y. & Greenwood Lake
566
N. Y. Lake Erie & Western
494
N. Y. A New England
544, 545
N. Y. Ontario & Western.. 519, 589
N. Y. Feim. & Ohio
494
N. Y. & Texas Land Co
518
N. Y. Stock Exchange
519
N. Y. Woodhaven & Rockaway 494
Northern (New Hamsphire)... 599
Northern of New Jersey
566
Northern Pacific
589
Ogdensb. & L. Champlain
494
Ohio & Mississippi
434, 567
Pacific Mail Steamship Co
565
Pacific RR. Land Grants
Paducah A Elizabethtown
567
432
Pennsylvania Co
Pennsylvania RR
431
434, 494
Peoria Decatur & Evansv
434
Philadelphia & Read.434, 494, 567
Phila. Wil. A Balt
545
year
Portsmouth & Dover
Port Royal & Augusta
466
Quicksilver Mining Co
Quincy Missouri A Pacific
466
467
Rochester A State Line
589
St. Louis Iron Mount. & So
St. Louis & San Fran.433, 519,
St. Paul A Duluth
St. P. Minneap. A Man.. ..519,
San. Man. & Newark
Savannah & Memphis
434
Schuylkill Navigation Co
568
545
544
467
431
Spriugfleld Athol A Northeast. 600
Sutro Tunnel
432
Tenn. State RR. Bonds....^
Toledo Peoria A Warsaw
467
Township Bonds
467
Union Faciflc
545
434
Valiev, of Ohio
467
Vicksburg & Meridian
543
Virginia State Finances
454
Wab. St.L.A Pac.434,494,520, 568
Wash. City Va. Midi. A G. S
520
West Chester & Phila
West Jersey Railroad..'
West Side & Yonkers
Western of Alabama.."
Western Union Telegraph
Wisconsin Central
Wisconsin Valley
545
431
454
542
unanimous vote of
544
..$332,193
99,140
9.564
Express
4,999
Rents
Elevator
3,401
17,281
56,953
cars
$523,534
Less paid for use of foreign cars
12,952
■
....$510,582
28,000 shares, the stockholders,
on
mortgage has been executed, and recorded in the counties of
; and the bonds are being
engraved, and will be ready for issue in some four weeks (about
July 1.) Of the bonds, all of the income ($1,000,000) and $2,371,000 of the first consolidated mortgage are to be retained to
retire preferred stock, outstanding mortgage and sinking fund
bonds. The balance of first consolidated mortgage bonds
($1,129,000) is to be applied to completing and relaying track
with steel rails, building elevator, the purchase and builaing of
cars, and such other purposes as the directors may from time to
time direct. None of the bonds have as yet been offered to pre¬
ferred stockholders, holders of outstanding bonds, or for sale
to the public. It will be the duty of the new board to soon
enter upon
negotiations for the exchange and sale of these
The traffic of the road, since the commencement of the
bonds.
present fiscal year (April 1 to May 27,1880, inclusive), has been
satisfactory; showing, without any material increase of plant,
the handsome gain, from freight and passengers alone, of $24,000 in forty-nine days, or fifty per cent.”
STATEMENT OF ASSETS AND LIABILITIES MARCH
^4 RRP,jR.
t
Road and
Capital stock, common.$3,077,000
Capital stock, preferred. 2,000,000
Sinking fund bonds
392,000
Notes payable
68,983
Unpaid dividends and
equipment....$5,677,000
Central Vermont RR.Co.
Real estate
Contraots
Loans
Cash
Wood and material
Due from
road
31, 1880. *
Liabilities.
Sinking fund bonds
.
21,020
392,000
14,400
9,464
7,258
7,276
101,746
323,120
coupons
Frst
mortgage bonds...
Unpaid vouchers
600,000
51,712
agents of the
14,237
4,934
Suspended accounts....
$6,512,815
Excess
of
assets
$6,249,337
Carolina Central
(For the
year
liabilities
$263,478
over
Railway Company.
ending March 31, 1880.)
The receivers
way
present a report of the operations of the rail¬
under their charge for the fiscal year ending March 31st,
1880, for the information of the bondholders
:
GROSS EARNINGS.
Passengers
Freight
$59,209
388,506
11,574
3,342
...
Mails
Express
Rents
Miscellaneous
Total
116
3,770
$466,519
earnings
OPERATING EXPENSES.
Operating road
7
Maintenance of road
$96,732
112,398
Maintenance of equipment
28,099
General expenses
40,019
Total operating expenses, being 59 4-10 per cent of earnings.
Net
277,249
$189,269
earnings from operating road
INCOME ACCOUNT.
Net earnings from
operating road
Taxes
Interest account
Interest Wilmington
Balance to credit
From which
$189,269
$11,814
74
Railway Bridge Bonds
26,888
15,000—
$162,381
profit and loss
expenditures have been made
as
follows
:
IMPROVEMENTS AND BETTERMENTS.
Filling trestles
,s,
Extraordinary repairs, road
Extraordinary repairs, equipment
$11,473
3,668
13,430
Construction
28,572
16,452
Equipment
16,542—
Leaving surplus
United States Mail
over
St. Lawrence, Franklin: and Clinton
598
gives the following for the
Freight
Passengers
a
the 4th of May, assented to making the mortgage to William J.
Averell and Stuy vesant Fish, trustees, and issuing of $3,500,000
first consolidated mortgage and $1,000,000 income bonds. The
568
REPORTS.
The annual report, just issued,
fiscal year ending March 31,1880 :
The gross earnings were—
Total
by
600
....
$148,397
TheTeport says : “In February last, application was made to
the Legislature of the State of New York for its authorization
to issue $4,500,COO of the company’s bonds, for purposes named.
March 23d an act was passed giving such authorization, and,
545
Selma Rome & Dalton.434, 568,589
Sioux City & Dakota
568
Sioux City A St. Paul
494
South Carolina RR..494, 517, 568
South Side (L. I.)
600
South. Kan. & Western
543
Southern Minnesota. .433, 467, 544
Vermont & Massachusetts
$61,428
$217,380
68,983
reduction of
519
ending March 31, 1880.)
Ogdensburg & Lake Champlain
a
Pittsburg Titusville & Buffalo. 519
Ogdensburg & Lake Champlain Railroad Company.
(For the
70,929
Showing
Atlantic & Great Western
Atlantic & Pacific
Baltimore & Ohio
544
Baltimore & Potomac
493, 588
Boton & Albany
600
Boston Concord & Montreal..599
Boston Hoosac Tunnel & W.... 493
Boston & New York Air Line..599
Boston Water Power Co
464
year
Leaving the net balance
SUPPLEMENT.
following is an index to all reports and items heretofore
published in the Investment Department of the Chronicle
since the last issue of the Investor’s Supplement; annual
reports are indexed in black-faced type :
Am. Union Telegraph
568, 600
Atch. Top. & San. Fe.433, 491, 543
Atlanta & Charlotte Air-Line..43i
$132,358
:
floating debt .during the
The notes payable account March 31, 1879, was
The notes payable account March 31, 1880, was
The
Allegheny Valley
expenditures include $86,963 for various improvements.
The net earnings, as stated, were
The interest upon the funded and
SUPPLEMENT.
SINCE APRIL
$41,951
-
The
The Investors’ Supplement is issued every other month,
the next number will be published Saturday, June 26.
INDEX
$378,223
Net earnings above all expenditures
$132,358
An increase over the net earnings above expenditures last
year
AND
THE
[Vol. XXX,
61,567
$100,813
The receivers’ report says : “ As the duties of the receivers
will terminate with the sale of the property of the company,
ordered for the 31st of the present month, under decree in fore¬
closure of the first mortgage, it seems proper to briefly review
the operations of the road from April, 1876, when the property
came into their possession, to the present time.”
* * “ They
have endeavored, in pursuance of the policy adopted at the out¬
set and approved by a large majority of the bondholders, to use
surplus earnings of the road, as far as possible, in such sub¬
stantial improvements to the property as would enlarge its
earning capacity and consequently enhance its value; much
has been accomplished in this direction, and the decreased cost
THE
12, 1880.]
June
623
CHRONICLE
is now submitted for your acceptance. The object of the
amendment is to give the company enlarged facilities for carry¬
operating the road, from year to year, gives evidence
vrisdom of the expenditures.
ing out the contemplated extension.” The old board of
Much still remains to be done to put the property in first- directors was re-elected. The directors and officers are as fol¬
class order—the main items of necessity being new rails on the lows :
older portion of the road, several new bridges, and the comple¬
Directors—Messrs. George H. Pendleton, John W. Stevenson,
tion of the work of filling the trestles, all of great importance. Peter Zinn, Elliott H. Pendleton, William Ernst, Robert B.
The road-bed is in excellent order, and the rolling stock in gooc
Bowler, and Charlton Alexander.
Officers—William Ernst, President; E. H. Pendleton, Vicerepair; several of the locomotive engines are so worn out as
not to be worth rebuilding, and all are too light to do the busi¬ President and Treasurer; Robert B. Bowler, General Manager;
ness on the western portion of the road economically.
True C. H. Bronson, Secretary.
economy demands the purchase of at least two heavier engines,
St. Louis Bridge Company and Tunnel Railroad.
which should be ordered for delivery in time for the autumn
of the
of
“
business.
receipts of the road since April
For the year ending March 31st, 1877
“The
5th, 1876, have been :
$384,569
408,483
420,765
466,519
{For the year ending
March 31, 1880.)
taken over by the
of the Illinois &
March, 1879, and the
of February of the
$1,680,337 same year.
The balance-sheets of the respective companies
deal with these two periods ; but the statement of operations
The operating expenses, including repair and
takes cognizance only of the twelve months ending March 31st,
renewal accounts, have been :
which period is to constitute the fiscal year of these companies.
For the year ending March 31st, 1877
$256,846
Under an agreement, concluded with the sanction and author¬
For the year ending March 31st, 1878
270.607
For the year eudiug March 31st, 1879
256,806
of the committee in London, the net earnings of the Bridge
For the year ending March 31st, 1880
277,249— 1,061,511 ity
and Tunnel Companies are now divided in the proportion of 5-6
Net earnings
$618,826 to the bridge ana 1-6 to the tunnel, up to $450,000, and all over
this amount in the proportion 9-10 to the bridge and 1-10 to
Payments other than operating :
the tunnel.
All the tables, statements and exhibits treat,
Interest.:
$2,648
therefore,
of
the
joint operations of the two companies, but the
Interest Wilmington Railway Bridge Bonds
63,000
Taxes
31,454
division of the net earnings, in accordance with the terms of
Insurance
2,625—
99,729 agreement, is distinctly stated in each case.
CAPITAL.
Balance, profit
$519,097
From this balance the receivers have made payments amount¬
The capital of the St. Louis Bridge Company consists of 1st
ing to $401,413, of which $265,930 was in liquidation of out¬ preferred stock, $2,490,000; 2d preferred stock, $3,000,000 ;
standing indebtedness of the company for special liens, unpaid common, $2,500,000. The first and only mortgage upon the
labor, arbitration award to Edward Matthews, &c., all under property is for $5,000,000. The mortgage bonds and preferred
orders of the Court.
stocks are in process of distribution among the former owners
of the Illinois & St. Louis Bridge first, second and third mort¬
Kentucky Central Railroad.
gage bonds. The common stock is in the hands of the commit¬
(For the year ending April 30, 1880.)
tee of reorganization in London.
There are other charges,
From the report of the President the following abstract is
of which are first liens, upon the bridge, extraneous to
the first mortgage, amounting to $60,030, which arise from the
obtained:
Gross earnings of the year
$608,029 cost of parts of the property, situated mainly on the right of
Expenses, exclusive of coupon interest
385,515 way, which have been acquired, but not paid for.
EARNINGS AND EXPENSES OF BRIDGE AND TUNNEL.
Net earnings...
$222,514
the year ending
For the year ending
For the year ending
For
March 31st, 1878
March 31st, 1879—
March 31st, 1880
The annual report says : The bridge was
St. Louis Bridge Company from the receivers
St. Louis Bridge Company on the 17th of
tunnel by the Tunnel Railroad on the 1st
“
“
some
Coupon interest
.
Leaving a balance of....
72,100
$150,414
Earnings.
From upper roadway
From lower roadway—
1879-80.
1878-9.
$163,511
$155,305
the gross earn¬ Freight trains
$479,341
252,280— 731,621
642,544
ings and $14,463 in net profits, as compared with the year end¬ Passenger trains
2,564
3,039
ing April 30, 1879. Of the increased earnings $30,596 were Rents
received from passenger business, being nearly 19 per cent gain.
$897,697
$800,889
Total gross earnings
96,808
This result is owing in part to the improved monetary condition Increase in gross earnings
of the country, inducing the public to travel more freely, and
Expenses.
$345,465
.in part to the greater efficiency secured to that department by Operating expenses and taxes
Other
expenses—
separating it from the secretaryship, thereby enabling the gen¬
$97,612
eral passenger and ticket agent to give his entire time and Rental to Transit Co., etc
27,596 *
deficiencies
Pool
28,435
thought to that branch of the business.
construction and equipment
5,749— 159,394
The freight transportation yielded an increase of about Miscellaneous
$24,000, or 7 per cent advance on the previous year. There
Aggregate of all expenses
$504,859
was, however, an increase of over 16 per cent in the tonnage,
EARNINGS.
but the lower rates given reduced the profits on freight trans¬
It
deemed expedient to defray all classes of expenses,
portation, according to the estimate of the general freight
agent, about $25,000. The increased tonnage for the year was inclusive of those for new construction or equipment {which
20,524, or 2,000 car-loads.
Droperly belong to capital account), out of the current expen¬
“A comparison with last year’s report will also show an
The above aggregate represents, therefore, all disburse¬
increase in the expenses amounting to $40,876. This was caused ments of whatever kind, and on this basis the net earnings for
by the heavy expenditure for steel rails (being about $18,000 in he year were $392,837. If, however, the expenses incurred for
of the amount paid for rails the previous year), the
construction, etc., are added to the above, it will be seen
larger outlay for crossties and bridges, and the increased train, ffiat the properties actually earned the 'net sum of $421,272.
station and road expenses growing out of the increase of busi¬ Compared with the previous year, the results are as follows :
and the higher prices of supplies generally.” * * *
Gross earnings 1879
$800,889
earnings 1880
897,697
The board has declared two dividends during the year of
$3 a share each on the preferred stock and $1 a share each on
1880
$96,808
the
stock, out of the earnings. In view of the active
Expenses 1879
$539,484
competition and the low rates which have prevailed, and the Expenses 1880
504,859
unavoidable increase in the expenses, we regard this result as
$34,624
1880
quite satisfactory.
earnings
1879
$261,404
last report there have been issued 45 shares of
Since
earnings 1880
392,837
preferred and 93 shares of common stock.
At your last annual meeting you directed the board to
1880
$131,433
appoint a committee of stockholders to consider the feasibility Percentage of expenses 1879
07*37
*
56*24
expediency of an extension of our line southward. Accord¬ Percentage of expenses 1880
11*13
ingly a committee was appointed.” * * * “ That committee
Decrease 1880
entered upon the work assigned to it and submitted through
During a considerable portion of the year the freight traffic
its Chairman, G. W. Craddock, an interesting and able report,
carried at very low rates. The “railroad wars,” which
which is herewith laid before you. That report was referred
not entirely abandoned until late in the autumn, affected
to the Executive Committee of the Board, who have had the
matter under careful consideration. In the prosecution of the income of the bridge and tunnel to a great extent, and, as a
their inquiries they have made a trip to Philadelphia and New consequence, for about six months of the year fully one-half of
he freight traffic was carried for cost.
to the mouth of Frazer Creek in Breathitt County,
York
The total number of loaded freight cars which crossed the
returning by way of Stillwater Valley. Much valuable infor¬
>ridge during the year amounted to 121,203—an increase of
mation has been collected, but we do not deem it expedient at
.6,074 over the corresponding period of last year. Of the total
this time to submit any details of what has been accomplished,
“
These
figures show an
increase of $54,639 in
„
New
“
NET
was
ses.
excess
new
ness
“
Gross
Increase
common
Decrease
“
Net
Net
our
“
Increase
ana
was
were
ana
specific recommendation.
The outlook is such as to encourage the belief that arrange¬
ments may be secured in the near future that will make the
way clear for the realization of our long-cherished hopes of an
extension of our road.
“An amendment to our charter was obtained from the Legis¬
lature last winter, which has been approved by the board, and
nor
are we
prepared to make any
number of
loaded freight cars
there were—
Through freight
Local
freight...
36,067
85,136
121,203
of through
the transportation of
The capacity of the bridge for the transportation
freight is practically unlimited, while for
624
THE CHRONICLE
local freight it is limited
facilities.
There are three roads
only by the extent of its terminal
fVoi. z\x.
Cincinnati
Indianapolis St. Louis & Chicago.—The stock
reorganized company (Indianapolis Cincinnati
leading west to “ Missouri River & Lafayette) have been placed on the Board list as follows :
points,” which carry the largest portion of the through traffic Stock to the amount of $4,000,000. Consolidated 6
per cent
to and from Eastern lines by way of St. Louis, to wit: the
mortgage bonds to the amount of $1,000,000, payable May 1,
Missouri Pacific, the Wabash St. Louis & Pacific and the Chi¬ 1920. The total authorized issue
is.$7,500,000, it
intended
cago ' & Alton railroads.
Of these three roads, the Missouri to exchange the consolidated mortgage bonds forbeing
the
following
Pacific directs all its east and west bound
and bonds of this
traffic to be trans¬
ferred across the river at St. Louis by the Carondelet
Ferry,
and the Chicago & Alton Railroad transfers its
divisional bonds:
Indianapolis & Cincinnati bonds
of 1858
Cincinnati & Indiana bonds of 1862
Cincinnati *fe Indiana bonds of 1867
Cincinnati & Indiana funded interest bonds
Indianapolis Cincinnati & Lafayette, 1867
Indianapolis Cincinnati & Lafayette funded interest bonds..
Indianapolis Cincinnati A Lafayette equipment bonds
through freight
its own bridge at Loul. iana, in Missouri, about 110 miles
above St. Louis; so that the through business controlled
by
the Wabash St. Louis & Pacific Railway constitutes almost the
over
only through traffic which
crosses
the bridge.
Assuming that
each of these roads carries an equal amount of
tonnage, it is
evident that two-thirds of this, the most
profitable part of the
Total.
Total
new
499,000
1,501,000
44,000
2,800,000
79,000
365,000
$6,885,000
615,000
Consolidated bonds sold
business, is for the present lost to the bridge. In connection
with this, it must also be considered that the St. Louis Iron
Mountain & Southern Railroad has no connection as
yet with
the bridge, except by an expensive, roundabout
route, which
can be availed of
only in emergencies for freight business. In
consequence of this want of connection, the bridge loses the
valuable through traffic of the South and
Southwest, especially
$1,600,000
issue
$7,500,000
The
company’s road extends from Cincinnati, Ohio, to Lafay¬
a distance of 179 miles; its floating debt is $450,000.
The directors are Messrs. Thomas H. Perkins,
George
Bliss, Charles G. Landon, Thomas A. Morris, John King, Jr.,
George Hoadley, S. J. Broadwell, Hervey Bates, Thomas D.
Yessler, C. W. Short, George Wilshire, M. E. Ingalls, and Thos.
H. Sharp.
Danbury & Norwalk.—The Stock Exchange Committee has
admitted to the list the stock to the amount of
$600,000, in
shares of $50 each. The company operates a road
extending
from Danbury to South Norwalk, Conn., twenty-three
miles,
ette, Indiana,
cotton and live stock.
TUNNEL RAILROAD.
The property wliich was turned over to the shareholders
by
the receivers of the St. Louis Tunnel Railroad
Company on the
first day of February, 1879, has since that time been
operated
jointly with the St. Louis Bridge Company, under an agree¬
ment for division of earnings which was
adopted by the board with ten miles of branches. The bonded debt is
$500,000, bear¬
of directors on the twenty-first day of
October, 1879, and for¬ ing 7 per cent interest, but there is no
floating debt.
merly ratified at the last annual meeting on April 2, 1880.
Rio Grande.—Application was made to have the
Denver
Under the operation of this
agreement, the net earnings for the stock and
consolidated
bonds of this company placed on the
period above named were:
New York Stock Exchange list, viz.: Stock to the amount of
From February 1. 1870, to March 31, 1879
$5,444 $16,000,003 ; first consolidated
From April 1, 1879, to March 31, 1880,
mortgage 7 per cent bonds to
03,176
,
From interest
on
deposits
1
paid, amounting to
$25,000
on same
250— 25,250
Leaving to credit of income
sum
of
account
on
March 31,
$43,589
and oue-lialf per cent was declared
by the
board, payable April 15th, which will amount, with commis¬
sion, to
a
Alamosa, and $1,040,000 first mortgage 7 per cent bonds on the
Arkansas Valley Division, the remainder of the issue to be used
for purposes of new construction, with the lien limited to
$15,000 per mile., The bonds are payable in thirty years and
have the benefit of a sinking fund. The
net'earnings of the
337 miles of operated road for the six months
ending Decem¬
ber 31, 1879, were reported by the receiver at $396,724. The
gross earnings under the company’s own management since
January 1, 1880, have been as follows: "January, $124,090;
February, $109,280 ; March, $168,180 ; April, 165,250 ; May 1 to
14, $81,230 ; total, $648,030.
Denver & Rio Grande—Denver South Park & Pacific.—
It is confidently reported in Denver that these narrow
gauge
railroads have been consolidated, and that the final
arrange¬
ments were perfected in New ’York bv Gen. Palmer, on the
part of the Denver & Rio Grande; by Gov. Evans, on the part
of the South Park; and by Jay Gould, as the owner of the
largest interest in both.
1880, the
A dividend of two
And leave
-
$68,839
Out of these net proceeds, the first dividend of two
per
cent oh the capital stock of $1,250,000 has been
Commission
the amount of $8,475,000.
1
The company now has 337 miles of road in
operation, with
565 miles in course of construction. The total authorized issue
of stock is $30,000,000, and of the consolidated bonds
$30,000,000.
The bonds are intended to take up $6,382,500 first
mortgage 7
per cent bonds, covering 291 miles from Denver to Elmoro and
218
surplus to the credit of income-account of
GENERAL INVESTMENT
31,562
$12,026
NEWS.
Albany & Jersey City.—The New York Times says: “The
Albany & Jersey City Railroad Company, which is a reorgani¬
zation of the Jersey City & Albany
Company, incorporated
several years ago, have prepared articles of
incorporation for
filing with the proper authorities, preliminary to the construc¬
tion of a new railroad on the west bank of the Hudson.
That
portion of the road
in operation from
Jersey City to Havby the Jersey City & Albany Co. The
reorganized company starts with a capital of $5,000,009, and
Grand Trunk of Canada.—The Chicago Tribune says: “It
comprises, among the incorporators and subscribers to the stock,
was
learned yesterday (June 2) that at the late meeting of. the
gentlemen prominent in railroads, finance, and trade.” * * *
The chief engineer and general
‘High-Joints’
in New York, the managers of the Grand Trunk
manager of the road will be
Delos E. Culver. The road will be constructed from
unconditionally
surrendered to the Eastern magnates, and will
Albany to
Cornwall, where it will connect with the New York Ontario & hereafter carry out all the provisions of the east-bound pool,
and divide the business with the other lines. There is no aoubfc
Western Railroad, which is being built
in connection with the
that
large concessions have been made to the Grand Trunk in
Jersey City & Haverstraw branch of the enterprise. It is the
intention to tunnel under West Point, and thence extend the order to get it to join the Trunk Line combination.
What
these concessions are is not yet
road to Fair Oaks, near Middletown.
definitely known, but it is
understood that it will get quite a large percentage of the eastChicago Milwaukee & St. Paul—Chicago Clinton Du¬ bound
buque & Minnesota.—The Boston Transcript says : “Chicago of this business from this city, on condition that about one-half
business is given to the Michigan Central. The business
Clinton Dubuque & Minnesota Railroad stock moves
up of the Michigan Central has fallen off
from $73 to $75. The papers for the sale of this road to the
considerably since the
completion of the Grand Trunk to this city, and in order to
Chicago Milwaukee & St. Paul Railroad Company were passed force
that business (or a large share of it) back
in this city yesterday.
again on the
The St. Paul buys the Dubuque at $80
Michigan
Central, Vanderbilt consented to give the Grand
per share, paying therefor a forty-year six per cent bond of the
Trunk a larger share of the business than he has been willing
St. Paul Company, secured by a
mortgage on the Dubuque to accord to this line heretofore. As
soon as it has been agreed
road. The bonds will be dated
July 1, 1?80, and a sinking fund by the regular
of one per cent per annum will be set aside for their
pool liues how much each one shall give up to
redemp¬ the Grand Trunk, the latter, it is understood, will make regular
tion, beginning July 1, 1885.
daily reports of its east-bound shipments from this city to the
“This consummates a four months’
negotiation, with a trade
Chicago pool commissioner, Captain Alexander Mackay, and
highly advantageous to Boston interests and of considerable also
weekly reports to the Board of Trade.”
benefit to the purchasing company, which will utilize the
acqui¬
sition in a new trunk line from
Milwaukee & Marathon and Menosha &
Chicago to St. Paul.
Appleton.—These
“As formerly announced, the Wisconsin
railways were sold at Milwaukee, June 6, by the Marshal, under
Valle}"
is purchased a
decree of the United States Court, and were bid in by Guido
with St. Paul 6 per cent bonds, the
preferred stock at 85 and
P. Fisher and E. H. Mariner, of that
the common at 70 ” *
city, for $1,500,000, for
the principal stockholders.
Cincinnati Hamilton & Dayton.—At Cincinnati, June
8, at
the annual meeting of the stockholders of the Cincinnati
New' York Central & Hudson.—The following is an official
Ham¬
statement of the gross earnings for the first
ilton & Dayton Railroad and leased
eight months of
lines, Mr. R. M. Shoemaker
the fiscal years ending May 31, 1879 and 1880 :
retired from the position of president, on account of ill
health,
and the following board of directors was elected : J. H.
1879-’80.
1878-’79.
DeveOctober
;
$2,771,203
$2,898,586
reux, H. B. Hurlburt, Stevenson Burke, L. D.
Harrison, Martin November
2,801,835
2,567,318
Bare, John Carlyle, M. E. Ingalls, H. D. Huntington and M. M. December
2,846,216
2,237,265
White. It is understood that Mr.
2,593,612
2,024,811
Devereux, who is at present J anuary
President of the Cleveland Columbus Cincinnati &
February
;
2,317,230
2,210,304
Indianapolis
March
2,854,834
2,474,392
and Atlantic & Great Western
railroads, will be elected Presi¬ April.
j
2,782,324
2,214,626
erstraw
was
now
constructed
“
-
-
,
-
.
>
*
.
r
,
dent of the new board, and that the three roads will be
the same management.
elected.
run
Only two of the old board
\
under
were re¬
-
•
May
Total
Increase
^
2,540,997
2,211,010
$18,710,932
$21,635,637
..
2,924,70a
June
THE
12, 1880. J
Western—The company reports its
•comparative business for the month of April, and since October
New York
Lake Erie &
months—as follows :
1879.
$1,372,755 '
Gross earnings
964,455
Working expenses
1—seven
Month of April—
1880.
$1,643,151
962,827
Inc.
Dec.
$270,395
Inc.
$272,023
1,628
$680,323
Inc. $1,319,707
$9,144,778
$10,464,4^5
Gross earnings
302,189
Inc.
Working expenses
6,422,952
6,725,142
Inc. $1,017,517
Net earnings
$2,721,825' * $3,739,342
New York Pennsylvania & Ohio (late Atlantic & Great
Western).—The London Money Market Review has the following
Net earnings
October to A})ril 30-
$408,300
the progress of the
The gross earnings
dated May 25, showing
improvement in the working of this line.
official statement,
were:
1880.
1879.
$412,365
384.982
$298,646
294,712
344,824
.$1,293,678
$935,182
January
February.....
496,331
March
Total
The net
profits, after paying
all leases,
1880.
:...
January.
February
&c., were:
18 79.
against deficit $42,448
$71,086
77,198
20,897
do
$63,345
against surplus
6,092
./... $296,361 against a total deficit
$57,253
148,077
March
Total
,
Buffalo—Buffalo & Southwestern.—
& Buffalo Railway
Company have arranged the terms of agreement for merging
with the Buffalo & Southwestern Railroad Company, which
owns a line of road from Buffalo to Jamestown, 67% miles.
The
capital stock of the Buffalo & Southwestern Railroad Company
is $471,900 of common stock and $471,900 of preferred stock,
with a funded debt of $1,500,000. The consolidated company
will issue to the stockholders of the Pittsburg Titusville &
Buffalo Railway Company share for share of the common and
preferred stock, and to tlie holders of the common stock of the
Buffalo & Southwestern Railroad four shares of $50 each for
share of $100, and to the holders of the Buffalo and South¬
western Railway preferred stock three shares of $50 each for
one share of $100 (the par value of the stock of the Buffalo &
Southwestern Railway being $100), and will sssume the payment
of all the bonds of both companies. The consolidated company
will own the following lines of railroad: From Oil City to Irvineton, 50 miles; from Jamestown to Buffalo, 67 miles; from Oil
City to Brocton, 89 miles; from Titusville to Union, 25 miles—
making a total of 231 miles. The capital of the consolidated
company will be $7,500,000 of common stock, $1,500,000 of pre¬
ferred stock, $4,330,000 of first mortgage bonds and $1,155,000
Pittsburg Titusville &
The directors of the
Pittsburg Titusville
one
,
625
CHRONICLE.
Nebraska.—A
transfer
to St.
transaction, and as
payment for said property securities as follows were delivered
nearly two weeks ago», to wit, $640,000 first mortgage bonds
St. Paul & Sioux City—Omaha & Northern
subscriber of the Chronicle writes as follows : “ The
of the Omaha & Northern Nebraska Railroad property
Paul & Sioux City Railroad is a completed
of
reticent
divided
the
the information
you.” The
and satisfactory
such informa¬
received gladly.
Savannah & Charleston.—A press dispatch from Charles¬
ton, S. C., June 8, says : “ The whole property and franchise of
the Savannah & Charleston Railroad was sold yesterday at auc¬
tion, under a decree of foreclosure of mortgage, to Mr. H. B.
Plant, President of the Southern Express Company, for $300,200.
The terms require the immediate payment of all undis¬
puted claims reported by the referee, and the latter’s costs and
fees, amounting to $50,000. The bonds and coupons entitled fo
priority by the decision of the State Supreme Court, soon to be
rendered, may be used in payment of the credit portion of the
purchase money, payable in one year. The purchasing syndi¬
cate has organized a new company, with a capital stock of
$500,000, ana has chosen the following-named directors to serve
for
year: Messrs. H. B Plant,William Cutting, W. T.Walters,
B. F. Newcomer, W. H. Brawley, C. G. Memminger and A. F.
Ravenel. The last three are Charleston men. Mr. Plant will
of St. Paul & Sioux City Railroad, also equal amounts
pre¬
ferred and common stock.
I find
as
as
usual as to how these securities are tc be
among
old bondholders. Should you be able to give
in the Chronicle, I shall be under obligations to
Chronicle has not been able to obtain any full
information in answer to the above inquiry, and
tion from those who may have it will be
one
be President of the company.
immediately be
The road will
This, with
Jackson¬
establish
put in complete repair and thoroughly equipped.
the early completion of the road from Way Cross to
ville, which is now being rapidly pushed forward, will
a first-class coast line from Florida to New York.”
Savannah & Memphis.—This railroad, running sixtylessrs.
miles
from Opelika to Goodwater, was re-sold on Monday to M
and H. W. Sibley of New
Oliver H. Palmer, Mason Y"oun
Lt for the bondholders.
York, for $834,500. It was boug
Schuylkill & Lehigh Railroad.—The purchasers of
Berks County Railroad, extending from Reading to Slatington,
the
met in
Philadelphia, June 7, and
organized, under the cor¬
and
porate title of the Schuylkill & Lehigh Railroad Company,
elected the following officers to serve during the ensuing year:
President, John N. Hutchinson; directors, Messrs. George DeB.
Keim, Henry S. Eckert, George F. Baer, G. A. Nicolls, George
D. Stitzelancl and J. Y. Humphrey.
Texas Trunk.—This road is reported to have mortgaged its
line, now being constructed from Dallas to Sabine Pass, for
$15,000 per mile, to the International Trust
amounting to $4,900,000 first mortgage bonds, to raise funds for
Company of Boston,
the prosecution of the work on the line. The mortgage is now
of second mortgage bonds.
being recorded in the counties through which the road is to
—The annual report of the old Pittsburg Titusville & Buffalo pass.
Road
gues
consolidation (operating
the earnings as follows :
before
120 miles in 1879)
1879.
$138,109
306,874
22,152
$467,135
276,805
$190,330
A further statement gives the earnings for the
March 31, as follows :
1880.
Western Union Telegraph.—The report for the quarter
ending June 30,1880, gives the following : In the report pre¬
$168,764 sented by the Executive Committee at the last quarterly meeting
331,437
of the Board, held March 10, 1880, the net profits for the
26,449
quarter ending March 31 (February being partially
$526,901 wholly estimated) were stated at $1,325,071. Official returns
342,130 for that
quarter showed the profits to be $1,227,553, or $97,517
$184,562 less than the estimate, but $296,229 more than for the same
quarter of the year previous.
1878.
and March
quarter ending
1879.
$112,604
$111,162
63,677
78,352
$32,809
Net earnings
$48,926
This shows an increase in net earnings of 49*1 per cent, and
in April the net earnings were $31,800, against $9,821, an increase of $21,979, or 223*8 per cent.
Earnings
Expenses
Pacific.—This road is now completed to
miles west of the point last noted and 105 miles
Quincy Missouri &
Milan.
ilan, Mo., five
from Quincy.
Richmond & Allegheny.
-The work of
grading, or rather of
The surplus, April 1,1880, was
The net profits for the quarter
upon official returns for
ending June 30, inst., based
April, nearly complete returns for
May, and estimating the business for June (reserving
amount sufficient to meet the claims of the Atlantic & Pacific
Telegraph Company, under existing agreements), will be
about
Add surplus,
$2,025,484
#
Construction
Sinking fund
appropriations
Patents
Sundries
Leaves a balance
of
1,201,185
824,298
April 1, as above
;
From which appropriating—
Interest on bonded debt
$824,298
$107,200
250.000
20,000
110,000
10,000— 497,200
.*
$1,528,284
James River & Kanawha Canal A dividend of 1 \ per cent requires...:
717,570
for a road-bed is progressing rapidly. The ties are being dis¬
tributed .along the twenty miles from Richmond, Va., to Bosher Deducting which, leaves surplus, after paying dividend, of.. $810,714
The present quarter closes the fiscal year, and shows an
Dam, and the rails are to be delivered very soon.
increase of over $1,600,000 in gross and $1,060,000 in net earn¬
St. Louis Iron Mountain & Southern.—The following is an
official statement of the earnings during the month of May, ings over the previous year, ended June 30,1879. The net
profits for the year will be about $5,300,000 (over 11% per cent
and since January 1:
adapting, the tow-path of the
“
deducting fixed charges for interest
eight per cent in cash dividends
*65,408
$88,720
and $1,543,000 invested in
191,527
226,880
29,144 new property, with an increase of about $40,000 in the surplus
39,900
16,560 over that of July 1, 1879.
The outlays for new property16,780
required
by
a
largely-increased
business have been unusual in
$302,640
$372,280
69,639 amount, involving extensive constructions and purchases of
Telephone Exchange properties, and to increase the facilities of
January 1 to May 31:
the company for telegraph service, over 3 500 miles of new pole
$2,278,259
1§80
1-879
s
1,647,173 lines ana 24,500 miles of additional wires have been constructed,
great proportion of the wire being of larger size than ever
Increase (38 31-100 per cent)
$631,085 abefore
used in this country, especially adapted to quadruple!
St. Paul Omaha & Chicago.—It is stated that the stock cer¬ use.”
tificates of this new consolidated company, which will represent
In view of the preceding statements, the Committee recom¬
the St. Paul & Minneapolis, the North Wisconsin and the St.
mend a dividend of one and three-quarters (1%) per cent from
Paul & Sio.ux City roads, are now being printed, and will be
the net earnings of the quarter ending June 30, 1880.
ready for exchange and transfer soon after the 20th instant.
1880.
A pproximate.
..
..
..
v increase
.
1879.
Audited.
on the capital stock, after
and sinking fund), out of which
will have been paid to stockholders,
626
THE CHRONICLE
[VOL. XX £•
en O T T O N.
Commercial
Friday, P. M.. June 11, 1880.
Crop, as Indicated by our telegrams*
given below. For the weekending
total receipts have reached 18,580*
bales, against 23,674 bales last week, 23,764 bales the previous
week and 26,514 bales three weeks since,
making the total
*
COMMERCIAL EPITOME.
Friday Night, June 11, 1880.
Trade has been very fair for the season, and a satisfactory
pervades business circles.
The Movement of the
from the South to-night, is
this evening (June 11), the
The weather is good, and crop receipts since the 1st of
September, 1879, 4,781,696 bales, against
generally favorable, although localities do not 4,407,422 bales for the same period of 1878-9, showing an increase
escape injury from various causes. The decline in prices of since September 1, 4879, of 374,274 bales. The details of the
domestic products has received a check, and this fact strength¬ receipts for each day of this week (as per telegraph) are as follows:
tone
accounts are
ens
confidence.
The nomination of Mr. Garfield for President
by the Republicans has had
a calming effect upon the canvass.
The failures in the iron trade had no effect beyond a narrow
circle; and
on
the whole the commercial positian and prospect
quite favorable.
In provisions a very fair movement has been reported during
the past week ; a steady and marked improvement in prices has
also taken place, though the tone at the close was rather indif¬
ferent. To-day new mess pork was seld on the spot at $11 50*
June options quoted $11 30@$11 50 ; July $11 35@$11 45;
August, $11 45@$11 50; September, $11 50@$11 60, bid and
asked.
Bacon was quoted at 6*85@6‘90c. for long clear,
though small lots were reported at 7c. Lard was fairly active
at 7*10(5)7‘07%c. for prime Western on the spot; and for June
at 7*07%c.; July, 7*07%@7*10c.; August, 7*07%@7*15c.;
Sep¬
tember, 7*15@7*20c.; seller year, 7*05c.; refined to the Con¬
tinent quoted at 7 *42%c. Beef was weak at $16 for extra city
India mess. Beef hams steady at $18@$18 50 for new. Butter
and cheese have had a good export movement at firm prices.
Tallow firm at 6%@6 3-16c. The following is a comparative
summary of exports from Nov. 1 to June 5:
are
1879-80.
Pork
Bacon
Bard
lbs. 44,912,600
lbs.517,594,809
lbs.247,894,350
Total
The
lbs.810,401,759
1878-79.
47,792,400
529,901,098
226,603,763
804,297,261
Increase.
Decrease.
2,879,800
' 12,306,289
21,290,587
21,290,587
15,186,089
general
grocery market has been firm and quite a free
business has been reported. A good, firm undertone is every¬
where noticeable, particularly for coffee and sugars. To-day
Rio coffee
was
advanced to 14%c. for fair cargoes, with a
good
trade
Sat.
Receipts at—
New-Orleans
...
Port Royal,
Savannah
80
899
431
156
20
503
....
614
224
54
153
160
....
....
....
....
190
553
Florida
.
.
Wilmington....
.
....
1,142
'
.
.
City Point, <fcc..
Totals this week
1,141
858
1,324
•
•
New Orleans
1880.
.
..
.
.
m.
1,344
....
....
104
555
5
5
1,346
5,900
5
19
19
291
1,059
3,958
1,059
3,598
18,580
....
257
....
....
2,691
2,913
2,013
5
14
....
table showing this
corresponding weeks
1878.
1877.
1876.
3,579
938
2,146
2,543
824
165
866
131
1,318
249
361
243
418
Mobile
Charleston
.
....
....
1879.
1,318
.
417
2
For comparison, we continue our usual
week’s total receipts and the totals for the
of the four previous years :
•
•
Receipts this w’k at
824
113
....
362
1,288
3,579
54
.
860
....
....
185
....
•
Total.
117
1
10
....
5,049
•
....
....
....
2,316
....
....
..
436
....
....
.
1
35
67
Fri.
186
....
....
191
....
112
31
....
41
Indianola, &c...
Tennessee, <fec..
....
408
....
Galveston
City,&c
Thurs.
1,604
Brunswick, <fcc.
Moreh’d
Wed.
91
&c.
Norfolk
Tiles.
390
Mobile
Charleston
Mon.
Port Royal, &c
3,232
•
607
-
8
92
231
318
Savannah
1,344
765
2,06S
1,052
763
Galveston
555
631
1,507
480
338
5
54
11
5,900
2,981
1,398
2,510
1,225
....
Indianola, &c..
Tennessee, &c
Florida
5
29
33
163
’276
107
148
3,953
1,059
629
1,744
1,117
1,376
262
62
27
North Carolina
Norfolk
City Point, &c
....
.
....
....
7
....
reported. Mild grades were also strong at 14@18c. for
Total this week
6,612
18,580
11,231
8,526
8,444
Maracaibo, and 23@25c. for Java. Molasses quoted very firmly
35c.; New Orleans at 40@58c. Rice remained steady, with fair
Total since Sept. 1. 4,781,696 4,407,422 4,219,715 3,923,562 4,037,057
transactions of Rangoon in bond at3%c.; Carolina, 6%@7%c.
The exports for the week ending this evening reach a total of
Refined sugars higher and quite active; crushed, 9%c.; stand¬
57,353
bales, of which 35,116 were to Great Britain, 3,473 to
ard “A,” 9%@9%c.; powdered, 10c.; cut loaf, 9%c.; granulated,
France and 18,764 to rest of the Continent, while the stocks as
9%c. Raw grades continued in demand and firm; fair to good made ud this evening are now 340,016 bales.
Below are the
exports for the week and stocks to-night, and a comparison with
refining Cuba, 7%@7%c.; centrifugal, S@S5/&e.
the corresponding period of last season.
*
Hhds.
Boxes.
Baers. Melado.
...
'
Stock June 1,1880
Receipts since June 1, 1880
Sales since June 1, 1880
Btock June 9, 1880
Btock June 11, 1879
129,365
17,279
14,193
132,451
79,344
6,558
2,503
4,232
4,929
26,431
904,494
6,728
127,704
2^5
72.466
959,732
778,210
6,953
3,501
The market is still quiet for Kentucky tobacco, the sales for
the week being restricted to 300 hhds., of which 200 for
export
and 100 for home consumption. Prices, however, remain
quite
firm; lugs quoted at 4@5%c., and leaf 14c., closing with a
fair inquiry. Seed leaf has been less active, and yet a fair
movement is reported, the sales aggregating 1,260 cases,
as
follows : 722 cases crop 1879, New England seconds and fillers,
private terms; 100 cases crop 1878, New England, 10@25c.;
300 cases crop 1878, Pennsylvania, part 10@21c.; 100 cases
crop 1879, Wisconsin Havana seed, and 38 cases crop 1878, Ohio,
private terms. Spanish tobacco has been more active, and the
sales are 1,550 bales Havana at 80c.@$1 15, duty paid.
Ocean freight room has been in
good demand, especially from
the grain trade; all rates are firm, and in several instances
advances have taken place. The engagements
to-day were:—
grain to Liverpool, by steam, 4M@5d., standard bushel; butter
and cheese, 35s.; grain to London, by steam, 6d.; do. to Hull,
by steam, 6@6%d.; in charter room, grain to Cork, for orders,
4s. 7%d., all June loading, free of
elevating charges; do.
same voyage, 4s. 3d. and 4s.
4%d.@4s. 6d. regular; do. to
Stockholm, 4s. 5d.; do. to the Baltic, 4s. 9d.@5s.; do. to Ham¬
burg, 4s. l%d.; do. to Bremen, 4s.; do. to Bordeaux or Ant¬
werp, excluding Rouen, 4s. 6d.; refined petroleum to London,
2s. 6d.
-
Naval stores have been in fair
request, and the available
supply of spirits turpentine has been so limited as to create
a marked improvement in the
price, the market closing strong
at 30c.; strained to good strained rosins
quoted $1 30@$1 40.
Refined petroleum was active early in the week, but closes
quiet at 8%c. for June deliveries. Crude certificates have been
quite firm, and close at 93%c. bid and 94%c. asked, with a good
speculation. American and Scotch pig irons have continued dull
and to a great extent demoralized by the
heavy stocks. No. 1
American is quoted at $23@$25; Eglinton Scotch, $20@$21; Coltness, $23; rails also are lower, at $58@$60 for steel, $48@50 for
iron, and $24@$25 for old iron. Ingot oopper rules quiet at
18c. for Lake.
Week
EXPORTED TO—
ending
Great
June 11. Britain.
N. Orl'ns
10,546
Mobile..
CharTt’n
Savan’h.
GalvTnN. York.
NorfolkOther*..
France.
nent.
2,300
Total
this
Week.
3,544
2,600
16,390
2,600
....
797
797
....
500
....
....
....
....
1,109
13,122
5,855
4,484
Conti¬
500
STOCK.
Same
Week
1879.
4,328
....
•
...
.
....
1880.
1879.
99,977
11,883
8,359
9,260
39,199
2,874
1,089
2,919
9.430
3,256
4,481 1152594 151,593
594
1,109
25,024
5,855
5,078
18,764
57,353
11,269 340,016 225,565
....
1,173 140,729
'
....
....
....
16,513
32,000
....
2,460
5,653
19,000
Tot. this
week..
35,116
3,473
Tot. since
Sept. 1.. 2403,437 352,661 822,102 3578,200 3311,598
••mmmm
♦The exports this week under the head of “ other ports” include, from Bal~
timore, 1,651 bales to Liverpool and 594 bales to the Continent; from Boston*
2,466 bales to Liverpool, and from Philadelphia 370 bales to Liverpool,
'
t Actual count.
_
From the
foregoing statement it will be seen that, compared
with the corresponding week of last se*ason, there is an increase
in the exports this week of 46,084 bales, while the stocks to-night
are 114,451 bales more than they were at
this time a year ago.
In addition to above exports, our telegrams
to-night also give
us 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 &
Lambert, 60 Beaver street:
.On Shipboard, not cleared—for
June
11,at—
New Orleans
Mobile
cnarleston
Savannah
Galveston
Leaving
Great
Britain.
6,443
2,550
None.
None.
France.
2,406
3,083
None.
None.
None.
None.
2,000
None.
14,076
2,406
New York
Other ports
Total
Other
Foreign
6,007
None.
None.
None.
None.
Not rec
None.
6,007
Coast¬
wise.
Total.
974
None.
250
300
None.
15,830
2,550
Stock.
250
300
84,147
9,333
8,109
8,969
3,083
6,347
None.
2,000
46,513
3,524
24,013
163,409
1880.]
12,
June
following is our usual table
cotton at all the ports from Sept. 1 to
The
1.
SEPT.
Ports.
1167,090
360,731
513,599
701,563
558,244
N. Car.
102.670
134,505
Norf’k*
711,946
556,934
204,450
147,259
56,335
267,946
a*®
B ® '*
s
§9
p*§
©
CD
1,177
1,479
23,863
228,789
230,418
1,601
22,016
35,487
239,180
8.912
30,000
254,492
24,074
404,4991913,899'3300,329
I
9316
9316
91316 91%6
10916 10916
1015lfi 101°16
1171.3 11718
1U116
1178
llja
125ie 12516
12»18 12»16
13*16
131116 13111B
91518
101116
H116
119x6
11 *3X6
10°26
101516
H716
Ullic
1178
12»18
12»16
13*16
lBHifi
127i6
1211x6
133x0
13i3lfi
127xe
12'11i6
13*16
13l3lft
127x6
Wed
9%
10
lO’i’a
1 I 1m
u9i6; U7!6
111316 11%
1 12 !
Middling... IU&16 12
127ie 12ic
Good Mid.. 123q
121116 12%
Str. G’d Mid 1258
13316 ! 13%
Midd’g Fair; 1318
1178
121x6
12%
Sat.
lb.
Good Ordinary
Strict Good Ordinary
Low Middling
Middling...
Sat..
Mon
Tues.
Wed
Thurs
Fri.
.
Ex-
.
.
port.
Quiet iindfirm....
Dull and
easier..
Firm, rev. quo.
..
Total
Tlie daily deliveries
vious to that on which
3
12%
125s
129x6
121^x6 1278
135x6 133s
1315x8 14
8%
8%
10
10%
11%
11%
1178
96
458
250
.
248
165
274
334
401
253
236
2,908
1,510
To
«...
77
....
given above are actually
they are
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91,600
400
600
800
600
900
4,495 490,200
4,300
delivered the day pre¬
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1
Tuesday,
^
June-Monday, 11*54; Tuesday
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I
The following exchanges have been made during
FUTURE8.
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70,500
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108,700
411
623
524
67
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Sales.
©
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Thursday,
the week:
| *55 pd. to exch. 100 Sept, for Aug.
Supply op Cotton, as made up by cable and
200 Sept, for Aug.
The Visible
TRANSIT.
►3
s*
©
**
M
i®g
1315x6 14
Wl316
p
I
©
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11
Til.
S
MM
11*16
11916
11*3i6
13°io
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to
12%
121x0 12%
129j6 12%
12%
1213x6 12 7s
12%
13%
1378
©
wr
Pi
®S
1
SALES.
SPOT AND
.
i
95x6
95s
10'ie
1013x6 10%
11316 11
11**16 u®ie
11*5x6 1178
9%
Mon Tues Wed
8%
:
Pi.
§
£><,
9
re*orted.
The Sales and Prices of Futures are shown by the
ing comprehensive table. In this statement will be
P
to-id
lOHift
Til.
Wed
ConSpec- Tran¬ Total.
sit.
sump. ul’t’n
Steady
703
Steady at lie adv.
Steady at heady. 1,000
*
©
»-s
ooo,.
ihte
9*316 913i6 913i6 97s
Wig 10°x6 | 10916 105a
113i6 113x6 ! 11316 11%
SALES OF
MARKET
11
11**16 n°i6
111°16 1178
MARKET AND
CLO8ED.
Frl.
9
9516
95s
10*1«
101S16 10%
,H316
137e
131316 1378
STAINED.
SPOT
H*
•
7*7*8
127x6 127i6
1211i6 i211l6
12Hx6
133x6 133.6 133.6 133i66
1313 j6 1313.6 1313.6 1313I4
Th.
10%
1118
115a
121c
12%
13%
,
13%
91016 915i«
IOH16 1011J6 101 lie
11*16 lHl6 11*16
119x6 11916 119xe
11*3x6 1113x6 11*3x6
916x6
12
91o16' 91c
101li6 103s
Str. G’d Ord 11
Low Midd’g lllg
Str.L’w Mid 1134
915i6
lOllxe
11*16
119x6
111316
93j6
12
95jg ! 9
Ordin’y.$lb 914
978
Strict Ord.
Good Ord.. IOSq
93j6
12
Frl.
Th.
Wed
93ie
9316
91316
®
p
r-h
-3-3
CIO
93,6
91&16
93ie
9316
§33
©
©
w»
-3©
W©
Mon. Toes
Sat.
03 ®
■p*?
2
OQ
Cl
P-B
(—M
TEXAS.
ORLEANS.
B sj
MM
are
Mon Tues
!
t
©
©
-3
a
pig
® ® •
©
d
:
unchanged at 12c.
for the week are 490,200
For immediate delivery the
bales, including 2,908 for
in
export, 1,510 for consumption, 77 for speculation, and
transit. Of the above,
bales were to arrive. The following
the official quotations and sales for each day of the past week:
Sat.
b
©
:
•
l-16c., leaving middling uplands
The total sales for forward delivery
hales, including
free on board.
total sales foot up this week 4,495
Fair
W
£
Ul
236.960
7-16c.—the
advanced
Mon Tues
P 33
I
?.p
p.3.-
©
w
advanced
Quotations
Sat.
<0
® ®
PC1
QO
f*r
3
:
point having become quite reduced.
were
on Wednesday and again on Thursday, when there was
father more doing for export.
To-day quotations were exten¬
sively revised. Low grades were reduced l-16c. to
lower the grade the more it declined ; high grades
NEW
pot?
Pi.
•
it
Port Royal, &c.; under the head of
Indianola, &c.; under the head of Norfolk, is included Citv
UPLANDS.
Pig.
©
....
....
10,447
....
©
©
p-.
'B
p ©:
b a:
B
5
s°
P-B
®
®
l-16c.
Fair
r
E9
©
.*
wr
a
Midd’g Fair
PS?
FT 7"^
moderately active,
prevailed the close
under
for
September and 7(29 for the later deliveries. This decline was fol¬
lowed by some improvement on Tuesday, a stronger opening and
slightly lower closing on Wednesday, and an advance of 9(2)10
points for this crop and 6@7 for the next on Thursday, when
Liverpool and New Orleans both improved. There is a scarcity of
good grades in this market, and the disparity between June con¬
tracts and spots is due to the unwillingness to handle the low
grades which would probably be delivered on contracts. To-day,
however, there was some further improvement, on the better
advices from abroad and the reduced quotations for low grades.
For spot cotton there has been an advance, the stocks at this
..
M
CD O'
speculation in futures has been but
for the past week, and the buoyancy which
at
of our last has not been sustained. On Saturday there was some
further advance, but on Monday there was a decline,
sales to realize, of 18@20 points for the summer months, 14
Middling...
Good Mid
Str. G’d Mid
P-3 •
03 ®
The
Low Midd’g
Btr. L’w Mid
B
Charleston is included
Under the head of
Galveston is included
Point. &c.
Good Ord..
Str. G’d Ord
P©i
b
g:
P JQ
503,116 157,820
70,705
....
&
Pi P*r
g
73
C
-
Sg-ffs
p,Pi^-B
P s
pi1-
-
00
PwSL
0*82.^
fa.
t-i
10,749
288,297
49,679
►—i1
g
2
g*
®
tr® «
o
®
“
S’® *
B ®-
o ®-
«
® ”
Pl
©
03 ©
«*T3®§-
5*
3.&S.
W O © S'
2.Si®
©
'PvSa
p
241,032 1334,212 115,907
14,755 104,765 14.891
9,837
164,994 338,156
10,702
422,842
218,740
3520,847 373,523
2368,321 349,188 803,338
*
Ordin’y.$Tb
Btrict Ord..
••
B
m
4400,810 1981,931
June 5 to
June 11.
© 00
cr® ® Pi
B at
S9
0D Q
» a
....
Thisyr. 4763,116
ar
Last year.
o
1
—
g9S?f!
JO —
I—1 M
P pJ
O
Total.
s
H
73
Stock.
Foreign
842,423 250,757
79,867 10,143
154,040 19,422
185,152 18,950
214,787 23,831
408,982 23,429
1455,328
348,954
474,862
Sav’li.. 720,773
■Galv.*. 466,035
N. York 194,416
20,136
Florida
Other..
France.
the
1 TO—
Other
I
Great
Britain.
1878.
1879.
SEPT.
each month each day, and
and total sales :
daily market, the prices of sales for
closing bids, in addition to the daily
showing the movement of
June 4, the latest mail dates:
EXPORTED SINCE
RECEIPTS SINCE
627
CHRONICLE.
THE
thethefigures
afloat
the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totahs
the complete figures for to-night (June 11), we add the item of
exfports from the United States, including in it the exports of
telegraph, is as follows. The Continental stocks are
of last Saturday, but the totals for Great Britain and
for
Friday only.
1880
bales
Stock at Liverpool
8tock at London
Total Great Britain
Stock at Havre
8tock at Marseilles
Stock at Barcelona
Stock at Hamburg..
Stock at Bremen
■4
stock
„
bales.
1879.
797,000 591,000
51,100 37,500
848,100
87,100
4,310
45,700
3,000
45,100
628.500
116,000
2.250
42,000
3.000
28,500
1878.
187T»
858,000 1,004,000
12,000 47,000
870.000 1,111,000
230,000
6,500
51,500
7.000
41,750
221,750
11.000
54,000
17,000
71,000
628
THE
CHRONICLE.
Btock at Antwerp
Btock at otlier conti’ntai ports.
1860.
21,(500
2,430
1,320
1879.
33,500
1,250
400
6,500
1877.
59,750
11,500
8,250
15,100
9,250
18,250
16,000
Total continental ports....
225,6(50
236,150
439,750
470,250
Btock at Amsterdam
Btock at Rotterdam
bales.
.
1878.
66,000
12.250
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made
up more largely one year
than another, at the expense of the interior
stocks.
864,650 1,309,750 1,581,250
..
321,000
203,000
12,000
183,000
151,000
10,000
217,096
‘
225,565
..
19.197
500
.
18,071
8,000
.
351,000
220,000
24,000
309,541
31.380
RECEIPTS FROM PLANTATIONS.
11,000
Week
Total visible supply
2 ,156,835 1,645,912 1,896,917 2 528.171
Of the above, the totals of American and otlier
descriptions are as follows:
American—
Liverpool stock
.
.
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks.
United States exports to-day.
.
.
.
Total American
528,000
456,000
159,000
338,000
340,016
63,059
198,000
203,000
7,000
678,000
377,000
225,565
19,197
151,000
217,096
18,071
680,000
381,000
220,000
309,541
31,380
500
8,000
11,000
London stock
269,000
135,000
51,100
37.500
.
Continental stocks
India afloat for Europe
66,660
311,000
24,000
.
.
Egypt, Brazil, &c., afloat
.
Total East India. &c
Total American
180,000
12,000
62,750
183,000
10,000
1879.
18S0.
Mar. 20
65,470
53,419 131,795 131,403 260,120
Apr.
2
59.880
“
9
51,S9i
60,698
54,283
44,851
40,187
“
10
“
23
“
30
38,150
321,000
12,000
384,000
14
“
89,250
351,000
24,000
“
bales
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, dzc.—
528,000
159,000
338,000
340,016
115,038
7,000
456,000
198,000
678,000
203,000
151,000
377,000
225,565
217,096
32,429
29,315
8,000
500
269,000
51,100
66,660
Egypt, Brazil, &c., afloat
48,082
40,033
26,362
32,019
17,604
14,472
10,760
9,604
10,940
7,509
6,892
1880.
39,699 40,496
34,977 30,595
25,148 24.971
31,511 19,094
13,951 14,076
11,615
8,165
7,600 14,135
8,853 11,812
7,882
5,550
6,461 11,068
1,471
2,983
much less for southern Texas.
winter
The
drought (and consequent comparative failure of small
grains) has stimulated cotton culture.
Indianola, Texas.—Rain (mere drizzles) has fallen on two days
of the week, the rainfall reaching three hundredths of an
inch.
The thermometer has averaged 85, the extreme
range having
1877
680,000
381,000
220,000
309,541
52,154
11,000
been 77 to 93.,
Corsicana, Texas.—The weather during the week has been
and dry, the thermometer
averaging 82, with a range of
from 65 to 97.
All crops as promising as
possible.
Dallas, Texas.—We have, had warm, dry weather throughout
the past week*
The thermometer has ranged from 05 to 97,
averaging 82. Crop accounts are more favorable and promise
abundantly. The fields are clear of weeds.
Brenham, Texas.—There has been no rainfall at this point
during the week. Average thermometer 83, highest 90 and low¬
est 70.
The fields are being cleared of weeds, and farmers are
greatly encouraged.
New Orleans, Louisiana.—It has rained during the
past week
on five days,
the rainfall reaching one iLch and ninety-seven
hundredths. The thermometer has
averaged 81.
Shreveport, Louisiana.—The weather during the week has been
warm and fair, the
thermometer averaging 80, with an extreme
range of from 67 to 93.
The rainfall for the week is seventy-five
135,000
37,500
38,150
311,000
321,000
24,000 '
12,000
62,750
183,000
10,000
384,000
47,000
89,250
351,000
24,000
721,760
447,750
895,250
180,000
12,000
543,650
1,487,054 1,115,494 1,460,411 1,653,695
Total visible supply
2,208,814 1,659,144 1,908,161 2,548,94.5
figures indicate an increase in the cotton in sight to-night
of 549,670 bales as compared with the same date of
1879, an
increase of 300,653 bales as compared with the
corresponding
date >f 1878, and a decrease of 340,131 bales as
compared with
1877.
At the Interior Ports the movement—that is the
receipts
and shipments for the week, and stocks
.
corresponding week of 1879—is
to-night, and for the
following
set out in detail in the
statement:
hundredths of
an
inch.
Vicksburg, Mississippi.—Telegram
Week
ending June 11, ’80.
Receipts Sliipm’ts
Augusta, Ga
94
82
29
61
-10
720
Stock.
263
612
122
10,087
1,058
3,945
no
1,492
284
6,089
1,603
32,710
7,505
Total, old ports.
1,310
9,857
Dallas,Texas*.
Jefferson, Tex.*.
Shreveport, La
8
30
144
153
15
11
39
30
302
389
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Belma, Ala
Memphis, Tenn..
Nashville, Tenn..
..
..
Vicksburg, Miss..
Columbus, Miss*.
Eufaula, Ala
Giiffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C.*
.
39
30
135
102
95
Receipts Shipm’ts Stock
64
80
10
62
31
356
2,072
8
339
9,600
1,344
63,059
611
3,233
19,197
175
100
7
16
207
46
5
1,369
1,810
279
200
-
1,690
258
275
702
327
700
3,160
2,347
Cincinnati, 0....
6,533
5,136
Total, new p’rts
Total, all
7
438
2,029
41
167
815
682
55
179
28
847
517
31
88
21
322
16
5,419
30,819
5,471
6,609
13,659
51,979
7,919
23,516
115,038 I
107
356
1.346
2,433
7,440
2,105
1,797
4,348
13,232
2,408
•7,581
32,429
This year’s figures estimated.
The above totals show that the old interior stocks
have de¬
creased during the week 8,547 bales, and are
to-night
43,862
bales
more than at the same
period last year. The receipts at the same
towns have been 699 bales more than the same week last
year.
the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
from
90
and the lowest 59.
hundredths of
able.
an
inch.
The rainfall has reached
thirty-three
Crop reports continue exceedingly favor¬
Nashville, Tennessee.—It bas rained during the past week on
day, tlie rainfall reaching seventy hundredths of an inch.
The thermometer has ranged from 54 to
93, averaging 74.
Memphis, Tennessee.—We have had rain on one day, the rain¬
fall reaching seventy-two hundredths of an
inch, but the weather
the balance of the week has been pleasant.
Grass very trouble¬
some, but plant strong and branching low and well.
Squares
numerous, and some blooms.
Average thermometer 79, highest
279
.
113
635
745
St. Louis, Mo
536
66
220
S90
7,642
2,203
not received.
Columbus, Mississippi.—Telegram not received.
Little Rock, Arkansas.—Four days of the
past week have been
clear and warm, but the remainder has been
cloudy, with rain on
two days.
The thermometer has averaged 76, the highest being
Week ending June 13/79.
5,951
96
6,612
1879.
50,612' 50,549 38,492
ing.
Galveston, Texas.—There have been showers on five days the
past week, the rainfall reaching eighty-three hundredths"of an
inch. The thermometer has averaged 83, the
highest being 89
and the lowest 77. The crop is
developing finely. The increased
acreage for the State is fifteen per cent, but is much larger for
northern and western and
These
Receipts
11
i
warm
Liverpool stock
k
11,089
37,323 108,633 107,005 252,495
38,910 95,979 91,906 238,556
30,714 89,142 87,294 220,930
30,858 75,550 78,962 204,154
25,661 05,770 71,546 186,658
24,636 50,433 59,249 176,157
20,514 46,305 51,729 161,455
23,704 39,025 42 198 143,241
23,674 34,154 37,570 130,635
18,580 29,315 82,429 115,038
1878.
Weather Reports ey Telegraph.—1The weather
during the
past week has in general been very favorable for the cotton plant.
At present the condition is almost
everywhere extremely promis¬
1,487,054 1,115,494 1,460,411 1,653,695
London stock
Continental stocks
India afloat for Europe
Total East India, &c
Total American
17,113
12,380
11,231
47,393 119,991 116,879 259,223
Rec’ptsfrom Plant’ns
were
preceding table.
Liverpool stock
Continental stocks
18,220
4
1880.
although the receipts at the out ports the past week
18,580 bales, the actual movement from plantations was
only 2,983 bales, the balance being drawn from stocks at the
interior ports.
Last year the receipts from the plantations for the
same week were 1,471 bales, and for 1878
they were 6,392 bales.
.
1878.
19,897
10,013
1879.
2. That
65i6d.
65ied.
The above figures indicate an increase in the cotton in
sight to¬
night of 510,923 bales as compared with the same date of 1879,
an increase of 259,918 bales as
compared with the corresponding
date of 1878, and a decrease of 371,336 bales as
compared with 1877.
In the preceding visible supply table we have heretofore
only
included the interior stocks at the 7
original interior towns.
As we did not have the record of the new interior towns for the
four years, we could not make a comparison
in any other way.
That difficulty no longer exists, and we therefore make the fol¬
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
old 7 towns.
We shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
1879.
22,283
19,031
1878.
1. That the total receipts from the plantations since
Sept. 1 in
1879-80 were 4,889,433 bales; in 1878-79 were
4,434,199 bales; in
1877-78 were 4,232,548 bales.
.
1880.
30,183
28
June
721,760
543,650
447,750
895,250
.1,435,075 1,102,262 1,449,167 1,632,921
American—
31,196
24,252
20,097
19,732
21
Total visible supply
.2,156,835 1,645,912 1,896,917 2,528.171
Price Mid. Upl., Liverpool...
7d.
6i3lfid.
towns in the
39,010
38,856
7
“
47,000
at Inter’r Ports
1878.
May
.1,435,075 1,102,262 1,449,167 1,632.921
.
Receipts at the Ports. Stock
ending—
East Indian, Brazil, dec.—
Liverpool stock
We reach
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland
receipts or
Southern consumption; they are
simply a statement of the
weekly movement from the plantations, of that part of the
crop
which finally reaches the market
through the out-ports.
■
Total European stocks..
1,,073,760
India cotton afloat for Europe. 311,000
Amer’n cotton afloat for Europe 338,000
Egypt, Brazil, Ac., a fit for E’r’pe
24,000
Btock In United States ports
340,016
Btock in U. B. interior ports..
63,059
United Stftes exports to-day..
7,000
[Vol. XXX.
one
94 and lowest 61.
Mobile, Alabama.—It has rained severely one day and been
showery one day, the rainfall reaching one inch and twenty-eight
hundredths; but during the remainder of the week we have had
pleasant weather. The crop is developing promisingly and
accounts are more favorable.
Good progress is being made in
clearing the fields of weeds. The thermometer has ranged from
VO to 90, averaging 81.
Montgomery, Alabama.—It has rained during the week on one
day, the rainfall reaching eight hundredths of an inch. The
thermometer has averaged 81, the highest
being 97 and the
,
lowest 67.
Selma,
rained
Alabama.—During the earlier portion of the past week it
three
days, but the latter part has been clear and pleas
Crop accounts are more favorable.
Madison, Florida.—Telegram not received.
Macon, Georgia.—We have had rain on one day, the rainfall
ant.
on
June
629
CHRONICLE,
THE
12, 1880.J
This statement shows that the receipts since Sept. 1 up to
reaching twenty-four hundredths of an inch; but the rest of the
week has been warm and dry.
The thermometer has averaged to-night are now 876,209 bales more than they were to the same
day of the month in 1879 and 557,263 bales more than they
78, ranging from 66 to 91.
Columbus, Georgia.—Rain has fallen during the week on one were to the same day of the month in 1878. We add to the last
table the percentages of total port receipts which had been
day, to a depth of eighteen hundredths of an inch. The ther¬
received to June 11 in each of the years named.
mometer has ranged from 75 to 95, averaging 85.
Savannah, Georgia.—We have had rain on three days, the
Cotton Exchange Reports for June.—We publish below, in
rainfall reaching fifty-three hundredths of an inch; but the bal¬ full, the Cotton Exchange acreage and condition reports for
ance of the week has been pleasant.
Planters have given in¬ June 1. As we have not received the Memphis report, except
creased land to cotton this year in this vicinity. Stands fair. very briefly by telegraph, we shall delay until next week any
There are analysis of these statements.
Labor less in number and efficiency than last year.
some complaints of grass, but the larger portion of the crop is in
Norfolk Department.
a more favorable condition than at the same time last season.
during the week 79, highest 92 and
Average thermometer
lowest 69.
Augusta, Georgia.—The weather during the week lias been
and dry, the thermometer averaging 79,pand ranging from
Accounts good and crop developing finely.
61 to 96.
Charleston, South Carolina.—We have had showers on one day
during the week, with a rainfall of three hundredths of an inch.
Average thermometer 78, highest 88 and lowest 68.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
June 10, 1880, and June 12, 1879.
warm
June 10, ’80. June 12, ’79.
Feet. Inch.
Feet. Inch.
*
.
New Orleans
.Below high-water mark ..
.Above low-water mark...
.Abovelow-water mark...
.Above low-water mark...
Above low-water mark...
'7
18
6
5
10
12
8
3
12
25
O
2
7
5
9
18
-5
11
7
4
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
Consumption of Cotton in Europe.—In our
will be found
an
article
on
editorial columns
this subject, containing Mr. Ellison’s
figures received by cable, which are taken from his circular
issued at Liverpool to-day.
Gunny Bags, Bagging, &c.—Bagging is in fair request for
small orders, and a moderate amount of business is being trans¬
acted; but there is no inquiry for large lots, and it is difficult to
place any quantity except a,t a concession. Dealers have not
changed quotations as yet, and are still asking 10%c. for 1M
lbs., 10%c. for 2 lbs. and ll^c. for standard grades. Butts
have been quiet, and there is an easier feeling among holders,
who are disposed to accept a shade less than our last quota¬
tions. Paper qualities are now offering at 3%@3%c., ana spin¬
ning grades at 3%@3/£c., as to quantity, for spot lots.
Comparative Port Receipts and Daily Crop
Tlie Norfolk Cotton Exchange, through their Committee on Information
and Statistics, composed of George L. Arps, Chairman, R. P. Barry, and
John N. Vaughan, issues the following report, covering the State of
Virginia and the
and Halifax.
North Carolina and
section.
and
Wm. Fatman, L.
South Carolina.—72 replies from 80 counties.
planted is reported by 64 replies as increased 5 to 30 per
cent, and by 8 as about the same as last year, making an average in¬
crease in the State of 11 per cent.
Tbe weather up to May 31 is reported
as more favorable by 48, less favorable by 16, and about the same as
last season by 8. Stands are reported by 64 as from good to perfect,and
by 8 as not as good as last year. The condition of the crops on May 31
is universally reported as good to very fine, several reporting the finest
prospect ever known. Labor is generally reported as about the same as
last year, but, owing to the increase of acreage planted, it is scarce in
many sections, and it is feared that considerable land may have to be
abandoned or else whole plantations badly worked, which would have
equally bad results. The use of fertilizers has increased in every
county, the estimates varying from slightly more to 100 per cent. The
average increase for the State is estimated at 20 per cent.
Savannah Department.
This report covers tlie State of Georgia and the State of Florida. The
report is prepared and issued by tbe Savannah Cotton Exchange, through
Movement.—
their Committee on
1877.
9fc,491
333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025
110,006
288,848
689,264
TotMy.31 4,748,873
Perc’tage of tot. port
receipts May 31...
4,392,277
October..
Nbvomb’r
Decemb’r
January
.
February.
March...
April....
May
578,533
822,493
779,237
90%119
893,664
618,727
566,824
303,955
167,459
84,299
639,610
472,054
340,525
197,965
96,314
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
1875.
Georgia.—142 replies from 76 counties.
t
4,196,104 3,903,725 4,013,375 3,400,862
96*55
98-78
96-67
97-25
95-77
shall be able to reach an exact comparison of the move¬
1877-78.
1878-79.
1876-77.
1875-76.
1874-75.
Tot.My31 4,748,873 4,392,<577 4,196,104 3,903,725 4,013,875 3,400,862
Janel....
“
“
“
44
2,694
3,731
2....
3....
3.249
4....
5....
4,569
2,316
1,044
1,357
*
6....
44
7....
8....!
9....
2,691
2,913
1,748
io....;
2,013
954
3,598
1,142
“
“
“
Total
S.
5,049
2,269
8.
2,002
2,044
1,880
833
S.
8.
’
2,359
2,396
1,243
1,704
2,409
1,401
8.
2,686
1,862
1,351
1,254
8.
2,821
2,309
1,812
1,247
1,531
1,186
8.
1,584
1,962
2,084
.
1,578
8.
2.714
8.
1,110
1,925
1,312
1,528
1,209
8.
2,784
2,861
2,003
2,562
1,570
3,028
2,241
3,107
2,921
;
2,946
4,781,696 4,405,487 4,214,433 3,918,820 4;029,297 3,426,985
.!
of total
Percentage
P’Sl rBo’pts June 11
99 06
There has been a slight increase
about 3 per cent. The stands are
defective seed. The weather is
in acreage of cotton this year, possibly
not as good as last year, owing to
favorable, and the plant is growing
vigorously, except where it is affected by grass or too much rain. Labor
is about the same as last year, both in numbers and efficiency. Commer¬
cial fertilizers have been little used in this State.
The Sea Island section has about the same acreage as last year. The
stands are good and the plant is in good oondition, although reported a
week or two behind last season’s in size.
Mobile
Department
the Stale of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clark,
covers
ment for the different years.
1879-80.
while the late planting is small, grassy and
unpromising. Hence a very wide difference in the answers of corres¬
pondents, as to whether the crop is ahead of last year or behind it, and
whether the season has been more or less favorable than last' year.
While a large portion of the crop is behind the average of last year, the
and is clear of grass,
134,376
536,968
676,295 larger portion is in a more favorable position than at this date last
'season.
759,036
The increase in the use of fertilizers this season is very large. More
444,052 than the usual amount lias been used on the grain crops, while about
383,324 14 per cent more has been distributed on the common lands. The labor is
not
251,433 are up to last year either in numbors or efficiency. Serious complaints
expected from now to the end of the picking season on the labor
133,593 question.
81,780
Florida.—31 replies from 13 counties.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
This statement shows that up to May 31 the receipts at the
ports this year were 356,596 bales more than in 1878-79 and
552,769 bales more than at the same time in 1877-78. By adding
to the totals to
May 31 the daily receipts since that time
we
spring induced in some sections very early planting of cotton. Then the
cold, wet weather delayed farming operations, and there has been some
very late planting. The acreage has been increased about 8 per cent in
the State. Stand's are scarcely as good as last year, and there are serious
complaints of defective seed. The early planting is growing off finely
1874.
'
Sept’mb’r
1876.
Wilder, L. G. Young and F. R. Sweat.
The replies state that the past season has been an exceptional one, the
winter months being warm and dry.
The preparation of the land in
consequence was unprecedentedly fine.
The warm weather in early
Beginning September 1.
1878.
Information and Statistics, composed of J. H. John¬
ston, Clavius Phillips, J. J.
daily and monthly statement, that the reader may con¬
stantly. have before him the data for seeing the exaet relative
movement for the years named.
The movement each month
since Sept. 1 has been as follows:
1879.
J. Walker.
The acreage
a
Receipts.
Charleston Department
prepared and issued by the
Committee on Information
Statistics, composed of A. Norden, Chairman, R. D. Mure, E. Willis,
the State of South Carolina, and is
Charleston Cotton Exchange, through their
covers
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
Year
Virginia.—75 replies from 28 counties.
Seventy-five show an ncrease of 10 per cent in acreage as compared
with last year. Thirty-one show more favorable, 38 less favorable, and
6 the same weather as last year. Thirty-six show good stands, 31 poor
stands, and 8 fair stands. Seventy-five Bhow the crop an average of 8
days earlier than last year. Fifty-seven show the condition of the crop
May 31 as good, 11 show the condition poor, and 7 show the condition
the same as last year. Labor is reported as good and efficient. The re¬
plies show a general increase in the use of fertilizers, and from 24 re¬
plies an average of 25 per cent increase is established. The weather
during May was very dry, and the late planting has been retarded, but
the recent rains have exerted a beneficial effect upon the crop in this
as
Monthly
Caldwell,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Rockingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyde, Pitt,
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Bertie,
Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton
A
tables
following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Davidson, Iredell, Burke, Wilkes,
96-98
9704
96-14
97-99
Jasper, Lauderdale, Newton, Kemper, Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chioasaw, Itawamba, Lee, Pontotoc,
Prentiss, Aloom and Tisbamingo. The report is prepared and issued by
the Mobile Cotton Exchange, through their Committee on Information*
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttaer, S.
Haas, G. Thos. Cox and G. L. Hopkins.
Alabama.—75 replies from 41 counties. >
In 24 of the most productive counties there is an average increase of 7
per oent, and in 17 sandy or Upland counties the average increase is 11
per oent. The weather is reported as having been less favorable up to
the 31st of May, as compared with last year, in 24 counties, as favorable
in 5 oonnties, and as more favorable in 12. Out of the 24 above noted
counties 16 come under the head of most productive. The stands are
from fair to very good, only 3 counties reporting them not good. In 25
counties the crop is reported from one to two weeks later than last year,
and in 16 counties from as early to one week earlier. The present condi¬
tion of the orop is from good te fair la 15 counties and grassy in 26 on
aooount of wet weather. Labor is generally good, but insufficient In
consequence of increased acreage and grassy condition of the crops.
The nse of fertilizers has generally increased, it is estimated at kom 25
to 50 per oent all over the State.
Mississippi*—35 repliesirom 19 counties.
THE
680
BOMBAY RECEIPTS
reported as follows: In 10 of the most productive coun¬
ties an average increase of 2 per cent and in nine sandy or Upland
counties an average increase of 9. per cent. Six counties report the
The acreage
is
■weather less favorable as compared
from equally as favorable to more
[Vot* XXX.
CHRONICLE.
with last year up to May 31, and
Year Great
Conti¬
Brit’n.
nent.
favorable. The stands are reported
FOUR YEAR9.
Receipts.
Shipments since Jan. 1.
week
Shipments this
13
AND SHIPMENTS FOR
Great
Total. Britain.
Conti¬
This
Week.
Total.
nent.
Since
Jan. 1.
43,000
944,006
good in 12 counties, and the crop is reported as being 1880 8,000 19,000 26,000 299,000 401,000 700,000 27.000
685,000
477,000
from one to two weeks later than last year, and in seven from as early to 1879 25,000
266,000
211.000
25,000 50,000
one week earlier.
The crop is generally reported as being in good con¬ 1878 20,000 18,000 38,000 280,000 352,000 632,000 32,000 761,000
696,000 32,000 944,000
dition, with the exception of complaints of grass. Labor is good, but 1877 10,000 19,000 29,000 325,000 371,000
insufficient on account of the increased acreage and the grassy condition
of the crop. In counties where used there has been a general increase in
According to the foregoing, Bombay appears to show an increase
the use of fertilizers of from 25 to 50 per cent.
compared with last year in the week’s receipts of 16,000 bales and
a decrease in shipments of 24,000 bales, and the shipments since
New Orleans Department
January 1 show an increase of 223,000 bales. The movement at
©overs that part of the Slate of Mississippi not apportioned to the Mem¬
Calcutta, Madras, Tuticorin, Carwar, &c., for the same week and
phis and Mobile Cotton Exchanges; the entire Stale of Louisiana, and
the State of Arkansas south of the Arkansas River. The report is pre¬ years has been as follows.
CALCUTTA, MADRAS, TUTICORIN. CARWAR. RANGOON AND KURRACHEE.
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Wm. A. Gwyn,
Shipments since January 1.
Shipments this week.
Chairman, Chris. Chaffe, Jr., W. H. Hawcott, W. A. Peale, Clias. Holland
generally being
and A. L. Browne.
Year.
Louisiana.—108 replies from
36 parishes; average
date May
31.
Great
Britain.
Conti¬
4,000
9,000
1,000
2,000
3,000
4,000
1880
1879
1878
1877
nent.
Total.
Great
Britain.
7,000
13,000
1,000
3,000
168,000
123,000
16,000
64,000
Conti¬
Total.
nent.
231,000
201,000
54,000
97,000
63,000
78,000
38,000
33,000
of 3*4 per cent more of
The character of the weather has been
i'ooo
good, although many complain of too much rain during the latter part
of the month. The average date of the crop is about the same as last
The above totals for this week show that the movement from
year. The stands are excellent and the general condition good, though
the ports other than Bombay is 6,000 bales less than same week,
there are a few complaints of grass. Labor is efficient, but somewhat
less in numbers. No commercial fertilizers are used.
of last year.
For the whole of India, therefore, the total
Mississippi.—110 replies from 35 counties; average date shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
May 31.
as follows.
An average increase of 2 per cent in acreage is reported in the above
EXPORTS TO EUROPE FROM ALL INDIA.
counties. The weather was more favorable up to the 25th of May;
1878.
1879.
since then complaint has been made of too much rain. Good stands
1880.
have been secured, and the crop is in excellent condition, though a few
Shipments
This
Since
Since
This
to all Europe
Since
This
complain of too much grass. The orop averages six days later than last
Jan. 1.
week.
Jan. 1.
from—
week.
Jan. 1.
week.
year. Labor is efficient and working well, but there has been a decrease
in numbers in the Upland counties. No commercial fertilizers are used
The above parishes show an
cotton planted than last year.
average increase
of any consequence.
replies from 33
Arkansas* —175
May 31.
The reports show an
©f counties of 11 per
average
Bombay
counties; average date
increase in acreage in the
All other
Total
above number
26,000
7,000
700,000
231,000
50,000
477,000
201,000
38,000
13.000
1.000
602,000
54,000
33,000
931,000
63,000
678,000
39,000
686,000
of the
the three
This last statement affords a very interesting comparison
total movement for the week ending June 10, and for
cent. . The weather to May 31 is reported as
more favorable than last year.
The stands are reported to be excellent.
The crop is as early as last year, and its condition is very good. Labor
is efficient and working well, and is increasing in the counties of Sebas¬
tian, Franklin and Yell. No commercial fertilizers are used.
Galveston Department
©overs the State of Texas, and wTas prepared and issued by the Galveston
Cotton Exchange, through their committee on Information and Statistics,
composed of J. D. Skinner, Chairman, Clias. Kellner, J. M. Northman, J.
M. King and T. J. McCarty.
Texas.—139 answers from 85 counties; average date May 31.
As to acreage, we find the average increase to be 15 per cent. As t<
the character of the weather compared with the same time last year
9 report it less favorable, 10 the same, 120 more favorable. As to tin
stand, 2 reply that it is not good. Thirty-seven report the crop tin
same as last year, 11 one week late, 8 two weeks late, 3 three weeks late
4 four weeks late, while 16 report one week earlier, 45 two weeks earl
The condition o;
ler, 10 three weeks earlier, and 5 four weeks earlier.
the crop up to May 31 was reported by 8 to be not good and 131 from
good to unusually good. As to labor and bow it compares with last year
7 reply that it is not as good, 89 report same, and 43 declare it better
As to the use of fertilizers, there are none used. Some few mention a
worm as having done somejjdainage in a few places, but in almost every
instance the damage is trifling. Referring to the increase in acreage, in
a great many cases the largest increase is in the best cotton-growing
counties. The cotton plant is generally reported healthy and growing
rapidly. Sufficient rain has fallen throughout the State. A few sections
are complaining of too much, but the complaint is confined to very few
p’rts.
years up
all India ports.
and Shipments.—Through arrange¬
made with Messrs. Davies, Benachi & Co., of
to date, at
Alexandria Receipts
ments we
have
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
The following
are the receipts and shipments the
past week and for the corre¬
sponding weeks of the previous two years.
Alexandria, Egypt,
Receipts (cantars*)—
3,000
1,587,000
2.500
This week....
Since Sept. 1
1878.
1879.
1880.
June 10.
3,203,500
Since
This
week. Sept. 1.
This
2,557,000
Since
week. Sept. 1.
Since
This
week. Sept. 1.
.
Exports (bales)—
To Liverpool
To Continent
1,500 187,500
171,994
168,000
1,500 359.494
244,500'
233,000
166,00
76,500j
*
Total Europe
A cantar is 98 lbs.
*
the receipts for the week ending
and the shipments to all Europe
This statement shows that
June 10 were 2,500 cantars
places.
were
399,000
1,500 bales.
Department
Manchestbr Market.—Our report received from Manchester
©overs Hfuldle Tennessee east of the Tennessee River, and the following
June 11 states that the market is steady, with prices un¬
Counties of A la bama:—Lauderdale, Franklin,
Colbert, Lawrence,
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. changed, and a fair business doing. We give the prices of to-day
The report is prepared and issued by the Nashville Cotton Exchange,
through their Committee on Statistics and Information, composed of
1878-79.
1879-80.
Leonard Parkes, Chairman, B. Lanier and P. Dobbins.
Cott'D
Cott’n
814 lbs.
Tennessee.—22 responses from 8 counties.
Mid.
8*4 lbs.
32s Cop.
Mid. 32s Cop.
Twist.
Shirtings.
Uplda
Twist.
Shirtings.
Twenty correspondents from Tennessee counties report 22i3 per cent
Uplds
ncrease in acreage; 2 no inorease.
Nine report the weather too dry
d.
s.
d.
d.
d. s. d.
d.
until May 27, and less favorable than last year; 5 a more favorable; 6
d.
s.
d.
d. 8. d.
5 6 ®7 712 6%
8%®9
weather good and favorable, and 2 very favorable. Fourteen report the
7k
4 ®8 2
7
101u'8>1114
April 9
6%
7
8%®918 5 7%®7 9
utaiids good; 4 generally good; 2 moderate; 1 unusually good, and 1
7 l»a®8 0
16 10i*®ll
6%
Nashville
.
“
not so
good as last year.
23 10%® 10% 7 0 ®8
30 10%»10* 6 10%®7
Mar
7 9\®l0ifl 6 9 ®7
.1 14 9!*®1034 6 7%®7
“
21 91«®10j4 6 9 ®7
“
28 91u®1014 6 7%®7
June 4 O^dlOk 6 7%®7
“ 11
9*fl®10*4 6 7%®7
“
from 10 counties.
Twenty-one correspondents from Alabama report 12^ per cent in¬
Twenty-two report
crease in the acreage over last year; 5 no increase.
too much rain and a less favorable start than last year; 5 a more favorable
start. Twenty-two ^report the stands very good, 1 bad and 5 not so good
“
North Alabama.—25 reports
Mlast year.
.
Memphis Department.
9
7%
9
7%
7*2
7%
The Following are the
Boston, Philadelphia
6i»i«
6i3le
6%
6Hi6
61316
6H16
6%
613,6
5
5
9 ®9% 5
9%®10 6
9%®10 5
918'®9^4 5
9 *4® 9 % 6
9^®9^ 5
858®914
878®912
7%®7
9 ®7
10 %® 7
1%®8
10%®7
10%@7
®8
10%®7 IOI2
India Cotton
which
are
now
moderately well.
Movement prom all
Ports.—The figures
cable each
collected for ns, and forwarded by
North, pts
Tenn., &c.
Foreign..
6,059
i*,326 195,742
280
4,772
6*3
6%
71,«
73j6
613,s
7
7
New York,
week, and since
month of May
working well, and 7
9
10i2
10%
112
IOI2
10%
Receipts of Cotton at
and Baltimore for the past
report of the Memphis Cotton Exchange for the
embraces 141 responses, divided as follows—West September 1, 1879.
New York.
Tennessee 47; North Mississippi 47; and North Arkansas 47.
Receipts
One hundred and five reports show increased acreage, 34 about the
Since
This
from—
same as last year, and 2 a decrease.
The average increase is 8*35 per
week. Sept. 1,
cent. Ninety-two report the weather as very favorable, 34 moderate,
snd 87 report it more favorable than last year. As to the stands, 66 re¬ N. Orl’ans 5,153 181.605
port them as Very fair, 56 good, 19 moderately good, 6 report them as Texas..
2,844 107,370
much better than last year, 54 about the same, and 18 not so good. In
815 178,093
Savannah
regard to the condition of the crop, 93 report it very fine and well culti¬ Mobile..
vated and free from grass and weeds, 35 the average condition slightly Florida.
’“io
5*660
grassy, 13 not yet worked out and seriously troubled with grass. In S.Car’lina 1,078 108,412
reference to labor, 31 report an increase of laborers, 74 about the same N.Car’lina
325 41,511
as last year, 33 a decrease, but averaging about the same, 134 the laborers
738 200,618
Virginia.
The crop
0
10%
Philadelphia.
Boston.
Since
This
week. Sept. 1
8ince
This
week. Sept.l.
i‘,290
31
52 53,528
1,989 143,839
1,469 144,435
Since
Sept. 1.
5,279
23,545
2,969
37,139
Baltimore.
This
week.
2,575
103
15,446
632
63,785
65
300
33
11,840
10,500
76,020
664
299 61,087
462
15,000
177,616
402 84,452 1,429
3,510 406,776
Friday, of the shipments from Calcutta, Madras, Tuticorin. Car- This year. 12,569
41 159,797
war, &c., enable us, in connection with our previously-received
Last year. 7,164 868,8481 6.636*347,193 1,152 86,765
report, from Bombay, to furnish our readers with a full and
1,029,842.
complete India movement for each ,week. We first give the
The Exports of Cotton from New York this week show an
Bombay statement for the week and year, bringing the figures
increase, as compared with last week, the total reaching
down to J une 10.
*
25,024
June 12,
1380.]
21,934 bales last week. Below we give our usual
the exports of cotton from New York, and their
-direction, for each of the last four weeks; also the total exports
And direction since Sept. 1,1879, and in the last column the total
-for the same period of the previous year.
lijales, against
table showing
Exports of
Cotton (bales) from
New York since Sept.
Exported to—
26.
19.
Spot.
12:30 p.m.
period
previ’us
8ales
Spec.& exp.
12,403
and Hanover
..
1,796
34,228
14,209
18,975
19,563
2,202
2,835
201
Hamburg
4,105
Other ports.
Total to North.
2,467
Europe
6,102
72,766
19,246
375
5,262
3,406
5,610
8,6ti8
5,610
^pain, Op’rto, Gibralt’r,&c
All other
375
Total Spain, &c
19,321 20,095
Grand Total
1,534
3,353
Wednes. Tbursd’y
Saturday Monday. Tuesday.
Friday.
Dull
Quiet
\
{
Market,
5 P. M.
6Hi6
6%
6%
6%
61316
61316
6H16
613i0
67q
6\
12,000
2,000
6,000
1,000
10,000
Weaker.
Steady.
steady.
8,000
1,000
Firm.
The actual sales of futures at
These sales are on the
unless otherwise stated.
below.
d.
Delivery.
June
June-July
July-Aug
Aug.-Sept
658
July-Aug.. -6iiie,®2332
Aug.-Sept.. .6rii«©2332
Sept.-Oct
Liverpool, per steamers Hipparchus, 874
Algeria, 244
City of Paris, 1,208....Nevada, 1,900
Warrior, 491
Britannic, 1,035
England, 1,140
Adriatic, 1,000... per ship Great Victoria, 3,234
per
6 ’*932® ®s
6316
d.
62133
Aug.-Sept
Sept.-Oct
62132
6173*
Delivery.
June-July
July-Aug.
Aug.-Sept
Sept.-Oct
61-j®
6Hi«
62%^,
Delivery.
Monday.
6H32
6932
Oct.-Nov
Nov.-Dee
6^
Aug.-Sept
65ie
6932
Nov.-Dee....
Jan.-Feb
Nov.-Dee
6i»3a
.
.6232
Delivery.
June-July
Aug.-Sept
62i33 Aug.-Sept.. 62i32®n16 Nov.-Dee
6i732
62i32 Sept.-Oct
July-Aug
62i32
62I32
6732
6&ifi
Oct.-Nov
Wednesday.
Delivery.
Delivery.
6%
Aug.-Sept
JuDe-Julv
62332
July-Aug
62332
June
June
13,122
487.... Amerique, 686 1,173
Hohenstaunen, 543 1,104
Has, 2,500
Com¬
6,272
1,867....Vidal Sala,
3,353
per steamers Guillermo, 4,528
Vanguard, 2,121
Louis, 2.906
per
6*4
June
Delivery.
Delivery.
June
bark Annot, 1,996
To Havre, per steamers Jame3Barras,
To Bremen, per steamers Rhein, 561
To Reval, per barks J. P. Berg, 1,650
petitor, 2,122...
l
To Barcelona, per steamers Castilla,
Rita, 2,566
6^
Tuesday.
these
New York—To
d.
Delivery.
Total bales.
4,100
Firm.
Steady.
Liverpool for the same week are given
basis of Uplands, Low Middling clause*
Delivery.
62332
June-July.. 6rilft^2332
published in
York, we
Wednesday
Yurac Bat,
2,000
Barely
6i932®®8 Oct.-Nov
61932® ®8 Nov.-Dee
.6®8 1
Delivery.
News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
Y6,358 bales. So far as the Southern ports are concerned,
1,486
New Orleans—To. Liverpool,
Jamaican, 4,050
St.
7,000
1,000
10,000
1,000
Sept.-Oct
'
Shipping
Jiight of this week.
678
Saturday.
21,934 25,024 528,140 271,436
the same exports reported by telegraph, and
With regard to New
the Chronicle last Friday.
include the manifests of all vessels cleared up to
steady.
easier.
June
are
and
Firm.
Firm.
and
Firmer.
Firm.
—
Futures.
Other French ports
24,602
the daily closing prices
J
5 P. M.
300
each day of the
of spot cotton, have
market for spots and futures
1
Market.
year.
100
Bremen
^
Mid. Upl’ds
Mid. Orl’ns.
13,122 422,104 234,177
Britain 16,154 13,318 19,485
378 1,173 24,602 12,303
300
700
Total French
{
Market,
229,365
14,057 10,853 16,180 13,122 394,004
4,812
28,100
2,097 2,465j 3,305
Liverpool
Other British ports
Havre
1,1879.
Total to
date.
June
9.
June
2.
May
May
The tone of the Liverpool
week ending June 11, and
been as follows:
Same
Week ending-
Total to Great
631
THE CHRONICLE.
62332
6H32
62332
Oct.-Nov
Delivery.
June-July.
July-Aug
Aug.-Sept
61]ti«
6H1S
Thursday.
62332
62332
June
J une-J uly
27,146
To Havre, per ship Nunquam Dormio, 4,290
4,290
To Barcelona, per bark Resuelta, 701
701
To Vera Cruz, per steamer City of Mexico, 1,386
1,386
Charleston—To Reval, per bark Excelsior, 1,700 Upland
1,700
To Barcelona, per brigs Paratous, 760 Upland....Floresta,
506 Upland
1,266
Texas—To Liverpool, per bark Flora, 1,821
1,821
To Havre, per brig Hera, 1,005
1,005
Norfolk—To Liverpool, per ship Sumner R. Mead, 3,796
3,796
Baltimore—To Liverpool, per steamers Hibernian, 1,998
American, 1,651
3,649
Empire, 6,875
Sept.-Oct... -6916®i932
Oct.-Nov
6H32
-62332
6Ui6 July-Aug
6i1it,
July-Aug
ship Western
Delivery.
Delivery.
Delivery.
Aug.-Sept
6233-j
Aug.-Sept
63*
6*3*
June
Nov.-Dee—
Friday.
Delivery.
Delivery.
Delivery.
June..
6%
June-July
July-Aug
Sept.-Oct
6%
62332
,...6i932
63s
Oct.-Nov
July-Aug
Aug.-Sept
June
June-July
Julj-Aug
6%
63*
Aug.-Sept
Sept.-Oct
62532
June
62532
6^8
61332
6&18
6i3i«
62532 Oct.-Nov
62532 Nov.-Dee
BREADSTUPPS.
Friday, P.
M., June 11, 1880.
There was considerable activity in the flour market. The
Parthia,
of grade have been in most demand. Prices were
extremes
452
Aleppo, 800
Bulgarian, 521
Massachusetts,
319... .Hecla, 160
3,474 pretty well sustained early in the week by the improvement in.
Philadelphia—To Liverpool, per steamer Lord Gough, 1,100... 1,100
wheat, but latterly much irregularity and depression has pre¬
Total
76.358 vailed. As hot weather approaches there is increased anxiety
The particulars of these shipments, arranged in our usual
to reduce stocks in store.
To-day there were no decided
form, are as follows:
steamers Palestine,
Boston—To Liverpool, per
Barce-
Vera
Iona.
Cruz.
...13,122 1,173 1,104 6,272 3,353
701
27,146 4,290
1,700 1,266
1,386
Bre-
Liver¬
pool.
New York
N. Orleans
1,222
Havre,
Reval.
men.
Total.
25.024
33,523
changes.
The wheat
market was active
and buoyant early in the week,
Tuesday
sales
owing to the very large export demand. The
on
embraced No. 2 red winter at $1 32@$1 33, on the
Norfolk
3,796
3,649
Baltimore
3,649
3,474 $1 20 for July „ and $1 14^ for August;. No. 1
Boston
3,474
1,100 $1 29/6 on the spot and $1 27@$1 27M for
Philadelphia
1,100
the spot, $1 20@$1 22 for No. 2 and $1 12(8)$1 14
Total
54,108 6,468 1,104 7,972 5,320 1,386 76,358
But during Wednesday prices receded 2@3c. for
Cotton freights the past, we*-k have been as follows:
l@2c. for futures, owing to dull foreign advices.
Fri.
Wednes. Tburs.
Tues.
Mon.
Satur.
market was firmer; No. 2 mixed $1 27 for June and $1
316®*4 316®34 3lfi®14
Sie®^
316®
^4
316®
l4
Liverpool, steam d.
$1 16 for July; No. 1 white $1 24 for June.
B32®316
Do
sail...<f. 532®316 B32®316 532®316 532®316 B32®316
Charleston
1,005
1,821
Texas
2.966
2,826
3,796
spot,
white at $1 29@
June; spring, on
for No. 3.
spots and
To-day the
916
Do
sail
c. 7i6®L2
Bremen, steam, .c. 12@916
Do
sail
c. 716®1B32
Hamburg, steam, d. *2 ®916
Do
sail...c. 7i6'3>30
°16
Amst’d’m, steam.c.
*2
Do
sail...c.
Baltic, steam
Do
sail
916
716®^
716®^
12®916
*2®910
716®1532
716®1532 716®1B32
*2®916 *2®916 *2®916
716® *2 716® *2 716 ®*2
916
916
916
716® *2
"is®916
716®1B32
^2®916
716® *3
916
d. 1132®% 1132®% H32®
c.
932
932
fta nraulr^a
aolaa
932
'
bales.
Sales of the week
Sales American
exporters took
Of which speculators
Actual export
Forwarded
....
took..
Total stock—Estimated..
Of which American—Estim’d
import of the
week
Of which American
Amouut afloat ..:
Of which American.
*2
916
716® *2
12®916
716® 1B32
12®916
716® *2
916
>2
H3«j@38 1132®38 1132®38
932
932
932
Liverpool, we have the following
alnnlra Xrn at fliot rvArt1*
May 21.
Total
12
*2
*2
Liverpool.—By cable from
Of which
916
716® ^
*22>916
916
9ie
Havre, steam—c.
33,500
27,000
3,100
1,98C
3,900
8,500
737.O0C
496,000
82,000
37,000
390,000
219,000
May 28.
June 4.
June 11.
35.500
46,000
49.500
27.500
33.500
6,800
1,900
6,700
38.500
6,200
3,100
7,200
15,000
797,000
528,000
3,800
l,6o0
6.200
16,000
767,000
514,000
82,000
56,000
378,000
213,000
14.500
776,000
527,000
68,000
55,000
15M<&
quite buoyant early in the week, with &
brisk demand for both spots and futures. No. 2 mixed brought
55c. on the spot, 53/6c. for June and 52?6c. for July, but there
is recently a decline of fully 2c., and a comparatively dull trade,
with less activity for the speculative account. Other grades
To-day the
are also lower, and Western yellow sold at 55c.
market was steady, with No. 2 mixed at 51@51%c. for June and
50@50%c. for July. Receipts at the West continue excessively
Indian com was also
large.
Rye sold early in the week to a considerable
the spot and 97c. for July delivery, but the cljse is
ing and unsettled.
Canada peas in better
boat-loads sold early in the week, to arrive, at about
Barley is quiet, but there was a considerable business
extent at 98c. on
dull, droop¬
demand, and two
82@83c*
in State
malt at 87/6c.@$l.
It is proposed to make the duty on foreign
malt 25c. per bushel instead of 20 per cent ad valorem.
Oats
declined sharply; No. 2 mixed sold on Tuesday
spot, but have since declined to 38c. for spot
have
at 41c. on
392,000
352,000
and June. Tqday the market was firmer, with sales of No. 2 mixed at 38%e
211,000
200,000
for
83.000
46.000
the
spot and
June.
f
IHE CHRONICLE,
632
The
following
closing quotations:
are
WheatNo. 3 spring, $ bu.$l
No. 2 spring
1
Amber winter
1
Red winter, No. 2 1
White..
1
No. 1 white
1
$ bbl. $2 50® 3 23
4 00®
superfine
3 75®
Spring superfine
Spring wheat extras..
4 10®
4 50®
do XX and XXX...
4 50®
skipp’g extras.
Winter
4
4
4
G
4
G
8
5
XX and XXX... . 56 00®
25®
f[do
ateuts
30
10
40
50
85
75
00
50
Western‘‘rye mix”...
525®
City shipping extras.
4 40®
5 G5
family brands
ship’g extras.
Rye flour, superfine..
5
5
4
75®
20®
GO®
7 00
5 65
4 90
2
3
503
10®
Southern, bakers’ and
South’n
...
......
Corn—West, mixed
West’ll No. 2, new
West, yellow, new
West, white, new
Rye
Oats—Mixed
White
Barley—Canada W
State, 4-rowed..
Corn meal—
Western, <fcc
Brandywine, &c....
2 85
3 15
Chicago
Milwaukee....
Toledo
Detroit
Cleveland
Bt. Louis
Peoria
Duluth
387,452 3,066,014
286,167
127,200
838,272
456,061
452,900
6,765
46,450
5,850
419,425
129,645
45,155
..
155
4,283
2,043
..
..
27.137
..
.
51L}®
51%
52
52
95
37
39
54
54
98
40
41
®
®
®
®
®
®
—
82
®
95
Barley,
bush.
bush.
Rye,
bush.
56 lbs.)
16,341
14,897
106
1,594
1,800
9,307
10,500
149,400
21,825
3,009,634
81,764 48,716 111,033
13,951231,240 94,014
*
Total
for four years:
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and iu transit by lake, rail and canal, June 5, was as>
at the
follows:
Wheat,
bush.
...
.).
Milwaukee
Duluth
Toledo
Detroit
..
bush.
Wheat
Corn
Oats
Barley
Rye...
20,610,541
02,949,487
12,601,461
25,705,471
38,429.103
11,957,774
2,374,425
2,250,332
Total
1,803,313
26,606,111
39,658,889
10,966,310
7,258,589
30,703,443
7,593,852
2 541,747
1,369,167
2,710,437
1,761,820
79,771,847
81,730,597
1,009,921
99,545,335
Total grain....
1877.
2,575,501
2,334,456
receipts (crop movement) at the same
inclusive, for four years:
Wheat
Corn
Oats
ports from Aug. 1
1878-79.
1877-78.
1876-77.
5,579.012
5,317,898
4,4 62,035
bush. 82,994,971
107.451,117
81,864,237
78,499,493
27,917,586
9,292,078
4,325.510
70,091.352
74,748,505
23,377,897
9,189,297
3,738,637
36,651,574
69,713,344
18,639,642
8,308,597
2,700,107
27,014,895
10,241,304
3,961,909
Total
grain
201,398,909 181,145,688 136,013,264
of flour and grain from the same
231,664,196
....
Comparative shipments
ports from Jan. 1 to June 5 inclusive, for four
years:
,
1879.
1880.
Wheat
Com
Oats
2,278,393
2,961.747
2,562,393
1,810,353
bush.
19,179,559
45,617,310
9,662,798
22.875,870
31,393,470
23,915,245
33,167,300
r 6,733,986
7,265.022
22,624,014
5,643,049
1,420,550
580,383
8,714,781
1,922,026
Barley
1,523,153
Rye...
850,423
1,205,091
76,833,213
66,111,238
Total
1877.
1878.
bbls.
Flour
grain
....
1,490,339
1,861.574
37,973,982
66,727,420
shipments from same ports for last four weeks :
Rail and lake
Week
Flour,
Wheat,
Cora,
Oats,
Barley,
Rye,
ending—
bbls.
bush.
bush.
bush.
bush.
bush*
5
142,395
May 29
May 22
125,969
June
May 15
120,752
114,349 1,555,424 2,589,490
Total, 4 w’ks.503,465
4weeks’79..514,472
22,400 35,640
34,444 44,304
51,597 47,280
67,048 38,447
2,551,753 3,813.638
865,706
1,804,004 3,305,287 1,002,431
1,614,696 2,793.761 718,770
7,525,882
t
8,362,263
713.460
3,300,367
175,489 165.671
2,654,325
180,403 374,305
t 11,325,831
‘12,507,176.
Receipts of flour and grain at seaboard ports for the week
ended J une 5:
Flour,
Wheat,
bbls.
bush.
104,070 1,081,422
3,750
39,176
2,650
At—
New York
Boston
Portland
Philadelphia
Baltimore
New Orleans
Oats,
21.843
10,703
124,813
153,758
Barley,
bush.
812,450 567,350
304,867 121,600
28,950
2,500
2 45,344
322,667 10,275
277,000 1,025,400 164,600
549,250
331,150 12,400
16,73 4
14,350
Montreal
Cora,
bush.
bush.
Rye,
bush.
2,024
5,000
3C0
16,171
3.0U0
5,000
18,975
Total week
209,526 2,881,579 2,979.242 897,700
Cor. week’79.... 187,331 2,513,827 3,901,142 460,720
5,300 26,195
9,750 157,106
And from Jan. 1 to June 5, inclusive, for four years:
1879.
1880.
Flour
Wheat
Com
Oats
1877.
1878.
bbls.
3,807,007
4,350,574
3,693,942
2,963,445
bush.
27,985,659
57,484,877
9,872,180
36,700,372
50,465,118
3,656,887
37,075,702
6,995,303
1,525.264
582,722
49,835,878
Barley
Bye
Total grain....
1,580,178
700,470
8,557,031
1,423,78 4
1,745,35 1
31,252,619
51,166,206
8,190,148
2,313,153
2,074,655
97,623,364
98,891,660
94,996,781
Exports from United States seaboard ports and from Montreal
Jane 5:
for week ending
Flour,
From—
bbls.
New York
61,208
Boston
14,535
Portland.,....
......
Wheat,
Cora,
bush.
bush.
1,179,827 1,342.830
31,294
255,968
Oats,
bush.
bush.
61,464
17,000
1,804.595
69,953
75,325
112,811
122,995
298,616
425,242
50,000
238,156
617,112
8,461
76,077
83
280
14,742
3,673
8,000
239,002
380,069
75,971
1,669
1,211
120,941
41,934
19.000
307
60.000
243,129
99,369
235,327
10,043
16,800
Philadelphia
52,375
318,000
Kansas City.
Baltimore
On rail
461,490
140,300
48,000
900
21,349
.
392
38,173
2,601
2,611
11,322
145,346
657
14,890
530,411
114,075
96,100
149,157
41,700
1,400
86,734
1,195
186,681
804,197
91,500
43,000
22,400
35,640
’80. 19,580,257 16,407,750 2,944,805
436,558
301,486
487,244
614,086
365,594
402,550
480,693
506,680
668.043
..
2,016,000
2,450,000
4,145,595
1,730,000
20.394,104 15,784,336 2.730,496
19,603,499 13,146,399 2,128,556
20,357,948 12,032,164 2,024,787
21,241,555 11,747,740 2,063,79 L
15,601,433 12,135,640 1,608,039
636,787
908.854
652,459
593.397
THE DRY GOOD3 T3.ADE.
Friday. P. M„ Jane 11, 18S0.
dry goods market has been generally quiet the past,
some of the cotton goods commission houses effected
a fair business in plain and colored cottons by means of liberal
price concessions. For most other fabrics the demand was of a
49,000,189 week,
but
1879-80.
Barley
Rye
Rye,
The
4,831,016
bbls.
bush.
55,818
31,318
Oswego
May 29, ’80
May 22. ’80
May 15.’80
May 8. ’SO
June 7, ’79
Barley,
6,222,171
1,971,790
7,312.648
8t. Louis
Boston
Torouto
Total June 5,
Oats,
bush.
425.000
33.000
9,150
463.416
'842,558
to June 5,
Flour
Corn,
bush.
105,442
23.000
12,000
790,083
26,425
44,000
16.500
5,000
189,791
1,251,334
477,000
800
Albany.
47,468 63,253
1878.
1879.
18S0.
2,484,191
bbls.
Flour
..
barley.
And 390 bushels
47.181 57,446
June 5, inclusive,
receipts at same ports from Jan. 1 to
101,310
548,153
The visible
...
1,764,851 5,124,015 1,174,650
1,674,386 3,924,613 809,853
79,018
Peas
busli^
2,863,157
..
Total
124,995
Same time ’79. 126,275
353,377
bush.
1,650,966
Peoria
4,277
Rye,
.
2,329,795
..
Oats,
Oats,
busk.
Total for w’k 104.722
Same time 79. 123,244
...
lake and river ports
182,749
hush.
**’
In Store at—
New York
®
®
—
25,725
60,300
444,050
175,867
8,650
33,126
4,840
1,850
.
(32 lbs.) (48 lbs.)
612,066 11,830
83,292 12,150
60,618
(56 lbs.)
'60 lbs.)
39,532
..
bush.
bush.
(196 lbs.)
At—
Cora,
Wheat,
28
Corn,
bush'.
363,729
Baltimore
Exchange Weekly.”)
Receipts of flour and grain at Western
for the week ending J une 5, 1880 :
Flour,
bbls.
®1 27
®
®1 26
22
‘2o12'a)l 26
50 ® 52
22
—
State, 2-rowed..
Peas—Cau’da.b.&f
(From the “ Xew York Produce
®1 12
®1 20
Wheat,
bbls.
163,998
257,557
697,119
Philadelphia..
10
18
Flour,
3,349
3,304
22,326
Montreal*
GRAIN.
FLOUR.
No. 2
Winter
[Vol. XXX,
Rye,
bush.
2,746 48,716-
Peas,
bush.
723
strictly hand-to-mouth character, as is usually the case between
seasons, and very little disposition to anticipate future wants
was manifested by either package or retail buyers.
Moderate
stocks of merchandise are now carried by jobbers, but the de¬
mand for consumption (though greatly improved in all parts of
the country) has not quite realized the expectations formed by
retailers at the outset of the season, and their supplies are, as a
rule, abundantly large for the pursuance of current trade;
hence jobbers are operating cautiously for the present.
Domestic Cotton Goods.—The export movement in cotton
goods has been less active than of late, only 1,217 packages
having been shipped from this port during the week ending
June 8. These shipments included (in addition to some smaller
lots) 549 packages to Great Britain, 200 to Chili, 174 to Brazil,
104 to Mexico, 72toU. S. of Colombia, and 49 to Danish West In¬
dies. The demand for cotton goods was irregular and, on the
whole, sluggish, but some considerable transactions in brown cot¬
tons were stimulated by lower prices, and there was a fair (though
by no means large) movement in bleached and colored cottons*
Prices were unsettled and lower on such prominent makes of
goods as Atlantic brown sheetings, Alabama and Augusta
plaids, &c., on which .there was a marked decline from recent
quotations. Print cloths were comparatively quiet and a shade
easier, though quotations were, nominally unchanged at 4%@
4%c. for 64x64s and 3%c. for 56x60s. Prints ruled very quiet,
but fine wide printed cottons, lawns, &c., were in steadjr request,
and dress ginghams (which are very scarce) continued in good
demand and firm.
slight improvement
parcels of cotton-warp cassimeres and
low and medium grade all-wool cassimeres, but other makes of
clothing woolens remained quiet, and there was no movement
of importance in flannels, blankets or carpets.
Kentucky jeans
received rather more attention from intending buyers, but
actual busine.s was of limited proportions, and satinets were
lightly dealt in. Prices of clothing woolens were fairly steady,
but less firm than a short time ago, and there was some dis¬
position on the part of holders to make slight concessions on
odd lots of cassimeres, &c., in order to close out accumulations]
Dress buntings were in steady demand, but other makes of
worsted dress goods were comparatively quiet.
Foreign Dry Goods.—There was a very light demand for
imported goods at first hands, and the jobbing trade was less
active than of late. Staple fabrics rnled steady in price, but
fancy dress goods, &c., were lower in some cases.
Domestic Woolen Goods.—There
in the demand for small
was a
Receipts of Leading Articles of Domestic
Importations of Dry Goods.
'
fations of dry goods at this port for the week ending
June 10, 1880, and for the corresponding weeks of 1879 ana
1878, have been as follows:
following table, based upon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for fhe week ending
with Tuesday last (corresponding with the week for exports),
also the receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
Manufactures
Cotton
Silk
Flax
Miscellaneous
-
179,150
101,133
53,860
559
695
188,388
1,106
406
8S7
234
234,380
730
132,607
36,821
833
219,183
292,346
397,709
155,911
79,784
246
THROWN INTO THE MARKET DUR¬
SAME PERIOD.
Manufactures of—
151
154
80
28S
722
55,645
124
50,152
55
55
15,585
35,2u8
18.114
64,320
284
1,953
35,581
33,086
87
67
165
412
175,105
855
Ent’d for consumpt.
2,482
2,396
577,942
2,491
187,924
694,652
261,980
1,395
3,474 1,144,933
Total on market...
4,878
753,047
3.3 46
882.576
4,869 1,406,913
Flax
Miscellaneous
Total
Cotton
.......
28,158
22,396
35,196
46,809
49
2ul
Flax
625
M scellaneous
54
99
61,457
48,427
36,373
20,281
4,975
33,134
181
115
58,G99
133
88
Silk
biT-sh.
.bush.
Barley and malt.... .bush.
.bush.
Peas
Corn
Oats
42,657
66,0 42
67,499
.
19,687
Hops
Leather
Lead
Molasses
Molasses
221,050
99,906
134,105
77,410
13,935
676
320
159
317
412
5,358 1,691,339
769,200
Imports of Leading
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1,1880, and for the same period in 1879:
[The quantity is given in packages when not otherwise specified.!
The
Metals, Ac—
China
Earthenw
Glass
Glassware.
Glass plate.
Buttons
.
3,311
6,450
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
Drugs, Ac—
Bark, Peru.
Blea. powd.
4,784
12,998
14,713
19,830
12,930
1,117,87 8
1,006,: 09
7,008
3,200
1,727 Wines, Ao.—
28,471 Champ’gne
baskets..
2,574
3,249 Wines
1,456 Wool, bales.
19,281 Reported bi/
2,374
64,007
3,716
.
Gum, Arab.
4,814
Indigo
846
Madder, Ac
Oil, Olive..
0?ium
..
8oda, bi-cb.
Soda, sal...
8oda, ash..
23,713
1,087
..
7,615 Cigars
28,290 Corks
29,541: Fancy goods
36,919
44,338
3,213
Flax
Furs
1.335 Fish
3,525 Fruits, Ac.—
6.746
Hair
Hemp, bales
Hides, &c.—
6.957
1,855
99,298
99.092
Hides, dr’sd
1,832
4,348
India rubber
35,552
Bristles
..
500,
l,76r
Gunny cloth
.
277
61,433
72,522
41,340.
74,990
19,753
$
715,038
*
597,254
42,983
463,633
31,510
352,48 4
209,380
166,147
685,879
495,794
1,207,811
1,243,695
459,449
591,696
336,960
.
...
N uts
Raisins
747
....
617, Hides, undr. 12,373.251
126 034
2,112' Rice
23,549 Spices, &c.—
471)
Cassia
95,379
571388
! Ginger..
335,463
1,2011 i Pepper....
215,396
283 Saltpetre ...
Jewelry ,Ac-
379,479
4,789,554
105,119
..
Jewelry...
1,595
Watches
Linseed
Molasses....
467
.
..
Oranges
1
1,116
Ivory
Lemons
37,486
870,019
379,098
26,832
92,600
value.
429
•
7.952
33,748
437,875
Tea
19,699 Tobacco....
8,937 Waste
15,725
12,256
Cochineal..
Gambier
.
Tallow
Steel
.
251,579!
232,522
50,29b
41,310(
Metals, &c—
209
652
Hardware...
.
2,149, Logwood
3,401
Cutlery
Woods—
Cork
Fustic
..
Mahogany.
288,000
25,282
379,652
110.588
194,656
'17,489
265,343
175,498
The following are. the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending June 5, 1880, and their distribution :
Tork,
Reef,
bbls.
bbls.
London
Liverpool
....
lbs.
315
323
1,727
1,580
6
638
18
Glasgow
Hull
Bristol
Bremen
Antwerp
Hamburg..
Rotterdam...
Norw’y & Sw.
Havre
Marseilles
Barcelona..
Brazil
Cent. Amer..
Mexico...
So. Am. ports
Cuba..
...
Hayti
West Indies..
British Col..
Other count’s
Total week..
6
24
100
Lard,
37
30
21
50
100
148,650
3,306,964
22,800
488,050
802,300
123,975
698
113
1,662
1,014
25
17
39,255
109,734
6
1,980
915,772
14,736
133,470
1,200
4,250
219
6.188
3,420
856
1,285
19,320
226,050
3
47
Tallow,
lbs.
780,653
60,500
1,637,288
58,425
•
•
•
A A*,
99,700
344,800
166,250
3,800
181,127
2,360
22,867
5,650
257,610
338,800
75,800
1,189
11,618
3,000
267
344
35,227
54,317
..
4,276
1,246
7,410,433 14,877,604
4 386.911
23,483
11,366
63,656
72,700
'
86,009
1,604
••••••
••••••
154,742
9,950
1,096
320,999
11,847
75,159
156,219
716
17,746
20,490
27,603
821,193
839,769
41,58S
505,283
441,816
548.006
......
5
.pkgs.
Sugar
..bbls.
428
19,994
46,262
.
.
71
.
.
7
2,135
2,567
16,373
1,044
28,265
53,324
69,523
9,924
1,053
lihds.
.lihds.
..bbls.
.bales.
26.833
49,869
'
......
.pkgs.
boxes A cases.
497,886
258,115
426,280
324,499
301,185
77,779
40,674
34,750
24,356
10,4 L2
.pkgs.
.slabs.
Stearine
2,015
7,108
3,474
.
7,248
51,891
74,203
27,079
153,598
22,805
25,697
-
147,566
37,469
Articles of Domestic Produce.
following table, based upon Custom House returns, shows
the exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the export s
from the 1st of January, 18SJ, to the same day, and for the cor¬
responding period in 1879:
Exports ot Leadiug
The
Week ending
June 8.
Ashes, pots
Ashes, pearls
966
lbs.
3,279
52,606
27,138
....bbls.
62,485
1,603,221
bbls.
38
bbls.
.bush.
...bush.
...bush.
..bush.
bush.
...bush.
2,167
1,230,645
1,990
72,980
20,460,550
845,527
1,326,589
3,326
74,942
18,872,948
1,848,612
326,374
..
Barley
8,145
2,920
.
.r.
...pkgs.
Coal
Cotton
...bales.
849,365
2,412
tons.
Domestics
..
Hay
Hops
.
Naval Stores—
Crude turpentine.
Spirits turpentine.
.pkgs.
L
-
-
r
26,915
l,2i73,173
..bales.
...
bbls.
bbls.
119,967
262,636
188,766
15,762,964
28,305
23,288
286,068
41,199
47,235
1,874
100,808
173,456
13,873,494
29,689
38,450
120,013
60,440
28,409
12,461
100
211
6,023
....bbls.
3,621
....bbls.
91
315
117,313
3,538
4.138
86,018
3,813
60,081
2,765
2,292,766
809,328
1,000
37,363
5,349
39,080
149,933
331,183
21,614
96,780
89,509
575,201
5,335
2,349,098
98,101,482
81,862,613
4,459
109,819
24,871
30,844
265.303,790
9,010,120
25,990,942
112,294
23,172
28,196
...
Oils—
Whale
Rice
Tallow
Tobacco, leaf
Tobacco
bales
713
...
Candles
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
Cheese
Lard
75
l
Oats
Tar
Pitch
Oil cake
Same time
last year.
627
121
Corn meal
Wheat
Peas
Corn
1,
LI
Breadstuffs—
Flour, wheat
Flour, rye
Since Jan.
1880.
bbls.
....bbls.
Beeswax
....gals.
—gals.
'
....bbls.
386
.tierces.
lbs.
lbs.
9,288,189
lbs.
1,934
1,020,874
4,640,548
2,122,675
7,793
1,921,009
36,547,057
.hhds.
308
511
..
.....lbs.
129,037,058
227
and cases.
Tobacco,manufactured, lbs.
Whalebone
2,027,142
748
28,011
128,958
12,643
1,176
225,024
9,755
36,353
3,335
10,019
4,056
...No.
Wool
429,284
4,941
75,397
545
41,674
12,558
Whiskey
28,916
1,855,879
-Pkgs.
Rice
Tobacco
Tobacco
77,191
1,793,349
88,304
5,774
tcs. A bbls.
Sugar
3,2: 8
93,006
91,614
24,463
8,394
386*
bbls.
...
177,073
403,817
12,097
57,648
..
Hogs, dressed
4,215,891
1,673.337
416,240'
444
101,282
10,809
Sperm
i
8,040
104,630
19,776"
9,255
1,193
49,045
-pkgs.
-pkgs.
-1‘kgs.
Rosin
6,000
574,300
8,539,026 3,880,835
550,225
433,560
201,875
10
1,265
lbs.
lbs.
343,400
50
113
23
217
167
45
Cheese,
57,500
1,880,250
63,750
209,422
913,500
520,000
11,200
8
247
Bacon,
637,8^0
1,056
.pkgs.
Rye
238,041
72,966
357,806
89,242
Exports of Provisions.
To—
14,996,171
bush.
.
Eggs
Lard
Lard
321,225
Spelter, lbs
18,122,199
5,656,256
1,892,336
275,271
2,699
181
.galls.
Pork
Beef
Cutmeats
Butter
Cheese
Spelter
17,398
108,132
13,922
2,322
994.303
956,600
390
Provisions—
553,569
8,599,557
60,184
23,685
349,182
-Pkgs.
Peanuts
756,377
Tin, boxes.
Tin slbs.,lbs 16,156,69b
165,409
Paper Stock.
Sugar, lihds,
317,660
tes., A bbls.
Sugar, boxes
1,354,242
and bags...
Lead, pigs.
18,750,408
481,623
.bbls.
Oil, lard
Oil, whale
4,368
949,039
5,048
14,189,584
2,092
..bids.
Pitch
Oil cake
32,973
4,052,390
274,992
€,972
17,181
1879.
1880.
1,845,965
T;i.r
Articles.
1879.
2,230,574
80,274
4,248
..bbls.
Rosin
894,324
3,492
50,608
.
7,915
Total at the port...
1,807,620
2.883
...No.
.bales.
.bales.
.sides.
Turpentine, crude.. .bbls.
Turpentine, spirits.. bbls.
2,491
Ent’d for consumpt.
94,942
232
999
.
last year.
3,227
35,088
.bags.
..pigs.
Same time
2,071
23,959
143
Naval Stores—
546,406
1,884
3,474 1,144,933
5,424
China, Ac.—
.bales.
..bbls.
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides., i
Hides
199,672
694,652
191,258
577,942
1880.
.
.
1,096
2,396
Total...;
.bush.
Rye
WAREHOUSE DURING SAME PERIOD.
ENTERED FOR
Manuiactures of—
Wool
4,123
21,215
3
..bbls.
Corn meal
Wheat
66,095
135
Wool
Cotton
Silk
Breadstuff's—
Flour, wheat
1,
1,141
..bbls.
Ashes
Beans
Jan.
1880.
June 8.
WITHDRAWN FROM WAREHOUSE AND
ING THE
Since
Week ending
3,474|l,144,933
694,652
2,491
577,942
2,396
Total
$
102,45G
2G9
73,305
170,494
220
614
313
531
688
Value.
Pkgs.
$
$
of—
Wool
Value.
Pkgs.
Value.
Pkgs.
1880.
1879.
1878.
New York Produce
junk 10, 1880.
consumption for tiie week ending
Produce.
The
The impel
entered for
633
THE CHRONICLE
TJ, I860.]
June
67,393
27,926
19,736
2,907,917
45,861
2.682
296,482,966
14,001,773
40,419,985
127,758,105
8,166
34,501,270
22,124
11,188
3,253.036
27,596
THE CHRONICLE
634
| VOL. XIX
Insurance.
Financial.
Financial.
E.
Kimball, Howell& Co.,
Members N. Y. Stock
7
N. P. Henderson,
C. H. Kimball, J. P. Howell,
Buy, Sell and Carry on
Insurance
ST.,
A
BANKERS,
Exchange
Jas. L. Anthony. Member N. Y. Stock Exchange.
Henry W. Poor.
JAS. H. Oliphant, Member N. Y. Mining Exch’ge
.
„
,,
ANTHONY, POOR & OLIPHANT,
BANKERS AND BROKERS,
WALL STREET,
New
York.
Transact a General Banking Business, including
he purchase and sale of STOCKS and BONDS for
ash
or on
Buy and Sell, Investment Securities.
Street, New York,
And 83 Devonshire Street, Boston.
P. O. BOX 2,647.
Wayland Trask.
M. Kidder.
Buy and Sell on Commission all Securities
Current at the New York Stock Exchange.
Allow Interest on Deposits. Make Advances
on Approved Collateral.
261—264
H. J. Morse.
Assets,
Surplus,
Insurance.
OFFICE
OF THE
suring elsewhere.
After the premiums for three or more years hav been paid, upon receiving the required notice from
the assured the Company will continue the Policy
in force without further payments, for its FULL
Mutual Insurance Co.
FACE, for such
will carry it/
28th January, 1880.
following statement ©f the affairs of this
Company on the 31st day of December, 1879, is
published in conformity with the provisions of
occurring within
three years after the origina
default.
The new form of Endowment Policy provides
That if theENTIKE RESERVE is a greater sum
than the single premium required to carry the full
amount of insurance to the end of the endowment
its Charter:
Premiums unearned 31st Decem¬
(ANNUAL.)
$113,571 23
ber, 1878
premiums received during
the year ending 31st Dec., 1879
term, the excess shall be used
*
Total
premiums of the year....
Losses and expenses
Re-insurance
and return pre¬
A MANUAL
FOR]
802,271 22
$015,842 45
premiums.
Earned
$771,077 35
393,686 83
CONTENTS.
31st December,
1879.
Cash in banks
$70,467 32
United States stock
260,000 00
350,029 18
Real estate
mercantile Failures.
MARINE AND FIRE INSURANCE.
78,142 00
Stocks of Corporations
Retrospect of 1879.
FRAUD.
The Company will, upon application, send Circu¬
lars giving full particulars.
Office of Middle Department, Boreel Building
No. 117 Broadway, N. Y., Henry W. Baldwin, Sup’f.
ASSET3,
INVESTORS AND BROKERS.
Subscription notes, bills receiva¬
Banking and Financial —
ble and uncollected
United States—National Bank Figures and
Currency Movements.
premiums.
City—Bank Returns, <fcc.
London—Money Market and Bank Returns.
CommercialUnited States—Foreign
Commerce, Trade
Balance, U. S. Exports and Imports of
Leading Articles. London—Review of
year, Bank Returns, <fcc.
Suspense account and accrued in¬
$1,197,185 15
The Board of Trustees have thU day
Jttsolved, That six per cent interest on the
outstanding Certificates of Profits be paid to the
holders thereof, or their legal representatives
on or
By order of the Board,
CHARLES IRVING, Secretary.
and Silver in the United States.
Foreign ExchangeMarket and Prices in New York, 1870-1880.
Investments and
Speculation—
Compound Interest Table, Showing Accu
multions of Money in a Series of Years.
Table Showing the Rate Per Cent Realized
on Securities Purchased at different prices*
Stock Speculation in New York.
United States Dent and Securities—
RISKS.
ASSETS
E, H
R. Lyman,
Henry R. Kundhardt,
Hugh Auchincloss, <
Lawrence Wells,
Wil iam Pohimann,
Francis G rdon Brown,
Alex. M. Lawrence,
John D. Dix,
Charles Munzinger,
Walter Watso?,
Frnesto G. Fabbri,
George H. Morgan,
Henry E. Sprague,
John Welsh, Jr.,
Lewis Morris,
Francis B.
CHARLES
HOME
Insurance
OF
OFFICE,
showing the
DAY OF
OGDEN, Vice-President,
IRVING, Secretary.
Re>-erve for Re-insurance
Reserve for Unpaid Losses
ANTON METZ, Assistant Secretary.
Net Surplus
to ill! mu
Street, N. Y.;
$3,000,000 00
1,841,438 00
248,764 81
1,320,785 30
Cask Assets
$6,410,988
SUMMARY OF ASS* TS
OF NEW YORK,
IF.S. WINSTON, PRESI DEN"
_
LIFE AND ENDOWMENT POLICIE!
Real estate
Premiums due and uncollected on
cies issued at this office
)N TERMS AS FAVORABLE AS THOSE 01
OTHER
COMPANY.
ORGANIZED APRIL 12™ 1842.
.
MASSETS 0VER$80,OOO.OOC
418,670 00
(market value of securities $543,592).
Interest due on 1st Jiiuuary, 18e0
Balance in hands of agents
SSUES EVERY APPROVED DESCRIPTION©
ANY
11
Held in the United States, available for the PAY¬
MENT of LOSSES by FIRE and for the protec¬
tion of Policy-Holders of FIRE INSURANCE:
Cash in Banks
$233,299 29
Bonds and mortgages, being first lien on
real estate (worth $4.171,400)
1.866,853 00
United States stocks (market value).... 3,184,125 00
Bank stocks (market value)
200,702 50
State and municipal b’ds (market value)
237,859 50
Loans on stocks, payable on demand
-
Market, 1860-1880.
Bonds, 1872-1880.
Railroad Stocks, 1860-1880.
79 Ac 81
JANUARY, 1880.
CASH CAPITAL
Prices of Railroad
1
BROADWAY.
CONDITION OF THE COMPANY ON THE FIRST
The New York Stock
PUBLISHERS,
119
Company
YORK,
Fifty-Third Semi-annual Statement}
G..orge S. Scott.
Railroad Earnings.
DAM & CO.,
NEW
„
Arnold,
Railroads in the United States.
K.
$810,804 75
W. IRVING COMES, President.
Railroads and their Securities—
WILLIAM
1, 1880
WAINWRIGHT HARD IE, Vice-Pres’t
HENRY D. KING, Treasurer
Ramsey • ;rooks,
Arthur B. Graves,
H. L. Chas. Renauld,
Chas. F. Zimmermanr
Theod re Fachiri,
C. L. F. Rose,
Wm S. Wilson,
Gustav Schwab,
ALFRED
Price of the Review, in Cloth....$2 00
To Subscribers of the Commercial ) , ~ _
& Financial Ciikovicle..-.
5 1
Jan.
,
Alexander Hamilton,
Constantin Menelae,
Carl L. Recknagel,
W. F. Cary, Jr.,
CarL Vietor,
George Mosle,
Henry DeB. Routh,
Prices of U. S. Bonds, 1860-1880.
Prices of
NAVIGATION
MARINE, FIRE AND INLAND
All Risks Written at Reasonable Rates.
EUGENE DUTILH, President.
State Debts and Immunity from Prosecution,
Prices of State Securities, 1860-1880.
INSURES AGAINST
TRUSTEES
Debt of the United States.
State Debts and Securities—
Co.,
No«. 57 and 59 William Street.
after 1st March next.
influences, and Prices of Call Loans and
Commercial Paper since 1872.
Production, Exports and Imports of Gold
Mutual Insurance
8,444 45
Total amount of assets
The money market-
Gold and Sliver-
COMMERCIAL
430,102 20
terest
New York
single premium
a
occupation and cause of death are removed, thus
making the Policies, after three years, INCONTEST1BLE
FOR
ANY
CAUSE, EXCEPTING
199,398 30
miums
as
to purchase a pure endowment, payable at the end
of the term, thus guaranteeing to the policy-holder
in every event the full value of his Reserve.
NO SURRENDER of the Policy is required; only
a notice from
the policy-holder, on blanks fur¬
nished by the Company.
AFTER THREE YEARS, ALL RESTRICTIONS
and CONDITIONS in regard to travel, residence,
Net
1880.
period ats the ENTIRE RESERVE
above, the full face of the Policy will be paid—ne
deduction being made for foreborne or unpaid
premiums, excepting in the event of the deatt
The
Financial [Revitew,
a
Should the d ath of the insured take place during
the continued term of insurance as provided for
New York,
THE
President.
Examine- the new form of Policy issued by
United States Life Insurance Company before
No. 52 EXCHANGE PLACE, NEW YORK.
Stocks, Railroad Bonds, Governments, and
-
Broadway, N. Y.
$4.983.2*6 81
872,484 <j6
LIBERAL AND IMPc Rf ANT CONCESSIONS IN
LIFE INSURANCE CONTRACTS.
ORIENT
BROKERS,
Miscellaneous Securities. Bought and Sold
-
-
JAMES BUELI
J. D. Probst & Co.,
BOND
SPECIALTY.
The United States
Life Insurance Comp’y,
‘
margin.
Stocks
Cash paid at once for the above Securities; or
they will be sold on commission, at seller’s option.
18
No.
No. 19 Broad
AND
STREET.
Dealing
Margins
All Securities dealt in at the
Bailey,
PINE
Exchange,
68 BROADWAY AND 17 NEW
STOCK
S.
54,870 66
154.114 87
54,125 91
poli-
_
__
6,507 38
$6,410,988 11
Total
€BAS. J. MARTIN, • resident.
J. H
WASHBURN, Secretary.
@FedFRASER