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HUNTS
MERCHANTS’
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
balance.
CONTENTS.
THE
CHRONICLE.
Latest
Monetary and Commercial
English News
590
5t7
Specie Shipments.......
Interoceanic Crfiial
Past
and
Prospective
.
...
598
Commercial
Colored
Railroad Earnings in May,
from January 1 to May 31
THE
Miscellaneous
591
and
589
BANKERS’ GAZETTE.
Quotations of Stocks and Bonds.. 596
Money Market, U.
S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
597
Local Securities
Investments, and State, City and
598
Corporation Finances
593
Banks, etc
and
News
588
Emigration
THE COMMERCIAL TIMES.
Cotton
501 | Dry Goods
601 Imports, Receipts and Exports.
Breadstuffs.„
60S
Commercial Epitome.
609
610
I
J^lte dtrmxicle.
is issued on Satur¬
day morning, with the latest news up to midnight of Friday.
The Commercial and Financial Chronicle
TERMS OF
NO. 729.
SATURDAY, JUNE 14, 1879.
VOL. 28.
SUBSCRIPTION-PAYABLE IN ADVANCE:
$10 20.
For One Year, (including postage)
..
For Six Months
do
Annual subscription in London (including postage)
Six mos,
cio
do
do
6 10.
&2
1
6s.
7s.
But since the first
Subscriptions will be continued until ordered stopped by a written order, or
publication office. The Publishers cannot be responsible for Remittances
unless made by Drafts or Pjst-Offl.ee Money Orders.
1879.
Friars, Old Broad
above named.
1878.
*
$
January....
February...
Advertisements.
Transient advertisements are published at 25 cents per line for each insertion,
but when definite orders are given for five, or more, insertions, a liberal dis¬
count is made.
Special Notices in Banking and Financial column 60 cents per
a
decided
IMPORTS.
EXPORTS.
London Office.
Street, where subscriptions will be taken at the prices
January
change has become apparent, and more especially dur¬
ing the last three months. That is to say, our imports
compared with last year have of late increased, and our
exports diminished. This, in part, is due to the want of
confidence and general disturbance in business in Great
Britain. That country is passing through a period of
enforced economy similar to our own experience a
short time since, and therefore is a seller rather than
a
purchaser. Our own reviving industries, and the
enlarged consumption of all products now in progress
here, are also in some degree the cause of the falling off
in exports, and the increase in imports.
But whatever
be the cause of the change, the influence and extent of
it are being exaggerated in some quarters, through the
fact that our comparisons are generally made with the
figures of last year. If we were to compare with 1877,
we should find a very different
showing, as may be
seen
by the following,
at the
The London office of the Chronicle is at No. 5 Austin
of
March
April
Total
59,409,194
64,828,737
66,154,509
54,345,922
69,239,089
66,234,619
71,726,578
60,135,733
!
$
64,509,953
51,780,958
45,791,286
44,414,529
1877.
1878.
1879.
1877.
$
$
$
33,520,549
35,373,419
41,856,721
42,173,923
35,699,260
32,908,153
37,637,871
36,208,347
37,695,286
85,320,109
47,546,491
42,676,353
244,738,362 287,336,019 206,496,728 152,924,612 142,453,631 163,338,239
line, each insertion.
william b. dana,
JOHN g. flotd, jr.
f
f
WILLIAM B. DANA & OO., Publishers,
79 & 81 "William Street, NEW YORK.
Post Office Box 4592.
These
figures show that since the first of January our
total exports have reached $244,738,362,
in 1878 of $267,336,019, and in 1877 of
against
a
total
$206,496,726 ;
imports during those
July, 1865.
to date—or of Hunt’s Merchants’ Magazine, 1339 to 1871, inquire months was this year ninety-two millions, against one
at the office.
hundred and twenty-five millions in 1878, and fortySPECIE SHIPMENTS.
three millions in 1877. Furthermore, even during the
The shipments of gold which in a small way have latest months, the above shows that the result of the
_
cents.
A neat file-cover is furnished at 50 cents; postage on tbe eameis 18
Volumes bound for subscribers at $1 20.
For a complete set of the Commercial and Financial Chronicle—
and that the
excess
of exports, over
begun the past week, and the rise in the open market movement is much more favorable than for the same
rate of discount in London, have turned attention to the months of 1877, a year which closed, as stated above,
subject of specie shipments and led to a renewed inquiry with a net balance of one hundred and forty millions.
as to the probable extent of the movement.
Without It is evident, therefore, that there is nothing in the
proposing to answer this inquiry directly, a word or two present condition of our foreign trade which should
the idea of any considerable shipments of
he of present advantage.
gold during the present year.
With regard to securities, so far as we can learn, the
We all know that the fact which has made possible
with
regard to the condition of our foreign trade may
the accumulation of our coin
reserve, was
the large
foreign balance we have been for two years
accumnlating. In 1877 the value of our merchandise
exports exceeded our imports by 140 million dollars, and
favorable
in 1878
the
excess
reached 306 million dollars.
course, with such a trade movement, especially
of last year, any considerable shipments
01
that
of gold would
hardly be possible. We could scarcely gather up our
securities in Europe rapidly enough to overcome such a
as
encourage
movement now
is also in
our
favor.
There have been
considerable arrivals of miscellaneous bonds and
during past months, but that has now pretty
much ceased, while the shipment of government securi¬
ties to Europe continues on a moderate scale. If, there¬
fore, Congress will only adjourn, as there seems now to
be good prospect of its doing, there appears to be little
reason for expecting any disturbance in the conditions
which have ruled during the past year and a half.
very
stocks
THE
588
has fallen into competent
THE INTEROCEANIC CANAL.
For many ages it was evident that the isthmus
which divided the Red Sea and the Indian Ocean from
the
waters
of the Mediterranean
commerce—a
barrier to progress.
was
a
hindrance to
As our readers know,
thousands of years before M. De Lesseps was born, one
of the Egyptian Pharaohs conceived the plan of cutting
through that isthmus; but during all these years
the desirability of such a work was felt and admitted.
Furthermore, it was almost a foregone conclusion that
the cutting of the Isthmus of Suez would be followed,
at no distant day, by the cutting of the Isthmus of
Panama. It is impossible to look at the map of the
world without feeling convinced that what has been
successfully accomplished in the old hemisphere, must,
in time, be accomplished in the new. The barrier of
Suez had been longer felt, because it lay in the line of
the old pathway of commerce, since the very dawn of
civilization. The barrier of Panama, though not so long
or so severely felt, just because the continent was young,
and trade in its infancy, is becoming more and more
a hindrance,
in proportion as the Pacific coast of
the American Continent develops
in population
-vand general prosperity.
It is evident that the
great French engineer has had his eye as much
on
the
one
isthmus as
upon
the other ; and
the results of the last few weeks, we are disposed to
think, warrant us to conclude that M. De Lesseps spoke
what he meant when he said that he would proceed to
Panama in person and that he would cut the first sod on
the 1st of January, 1880.
We are not disposed to encourage the objections or to
indulge the suspicions which have been echoed through
the press against the decision of the International Con¬
gress at Paris. We are not surprised that difference of
opinion was felt and expressed regarding that decision.
That it should have been so, we think most natural. Of
the various routes proposed, each had its friends and
advocates, its advantages and disadvantages; and
was
it
just as natural for the friends of
each to exaggerate the advantages, as it was for
their opponents to exaggerate the disadvantages.
It is
hardly wonderful that there should be, among the
American people, some who take exception to the deci¬
sion of the Congress, and look with disfavor on the
proposed route. There were many arguments in favor
of the Nicaragua route.
It excelled in having a
great river and a great lake which could be
utilized ; and although it was much longer than
of the others proposed, it could be constructed
some
This was much, but
at less than half the cost.
not all.
It would have opened into the Caribbean
Sea, at a point considerably to the North, and, there¬
fore, nearer to the United States. It was besides an
American plan. There is no evidence, however, that in
rejecting this route, and in deciding in favor of that
of Lieutenant Wyse—the Panama route—the Congress
was actuated by other than proper motives.
Nor is it
our opinion that any large number of the American peo¬
ple think to the contrary. Commander Selfridge
expressed, we believe, the sentiments of Americans
fairly when he said that his countrymen had faith in
the Congress. There is really no cause for jealousy.
a
c
canal
No
one
denies that
a
canal
across
the isthmus is
one
of
growing necessities of the day, and that it will when
completed develop the wealth and multiply the popu¬
the
lation
on
the western shores of
the Continent.
It is
something, therefore, that a route has been agreed upon.
It is a matter of some importance, too, that the work
[Vol. xxvm
CHRONICLE
and responsible hands ; and
surely it ought not to be a source of disquiet to us, if
the undertaking, in the beneficial results of which we
are certain largely to share, can be completed without
entailing upon us the burden of the work. So far,
therefore, as we can see, there is no reason why we
should not wish success to M. De Lesseps and his new
enterprise.
If the present plans are carried out the canal will run
from Aspinwall to Panama, a distance of some fifty-six
miles. It will be on the tide level throughout, and will
have a tunnel of about eight miles in length. The
passage, it is expected, will consume as near as may be
one day and a half.
It will require at least six years
for its completion; and its estimated cost will be two
hundred and twenty millions, six hundred thousand
dollars. These figures give the reader an idea of the
nature and magnitude of the work.
It was the felt
necessity of a continuous water-level which determined
the Congress in favor of this route.
PAST
AND
PROSPECTIVE
COLORED
EMI
GRATI ON
Reports, customary at this season, from the interior
districts in the various cotton States to the Cotton
Exchanges in the principal cities of those States, relative
to the condition and prospects of the cotton crop, have
been made during the past week. Besides the usual ques¬
tions asked by the Exchanges, and answered in these re¬
ports, was one relative to the extent and effect of the im¬
migration movement to Kansas this spring. The replies
confirm the view taken in these columns about two
months ago. That view was substantially
several thousand negroes had moved at
that, although
that time, the
number was not large enough to have any material
effect upon the available labor market. No anxiety is,
therefore, expressed as to the effect on the cotton crop
the present season, but in some quarters there is unques¬
tionably an uneasy feeling lest the emigration fever may
break out again next year. There is also a little dispo¬
sition in other quarters, notwithstanding the appreciation
of the gravity of the subject indicated by the conven¬
tions which have been held, to treat it lightly, as if their
going or staying concerned nobody so much as the
negroes
themselves.
Now this
apprehension and this indifference with
regard to the future seem to us alike ill-founded. The
causes
of the movement thus far
are
said to be disap¬
pointment on account of poor crops and low wages, cheat¬
ing on part of the whites, and “ intimidation ;” the real
cause, as we have already said, is probably nothing so
much as the outbreak of an emigration fever. If whites,
as experience has shown, are impressible by the mere in¬
stinct of the herd, which impels following whither a
stream has once begun, how much more the negro is
subject to it will be seen if we reflect a moment upon
his peculiar character.
Densely ignorant in every re¬
spect, superstitious, full of the disposition to follow any
leader, always looking for a call to rise up and go out of
the wilderness to some Canaan, and credulous to the
last degree, he is but a child cast in the physical mold
of man.
It is said that brightly colored chromos have
been sent to the cotton States illustrating the Kansas
Canaan—the husband and father sitting before a hand¬
some dwelling, in the shadow of his own corn, with
hired men driving laden wagons home, and everything
on
the scale of plenty suggested by the cornucopia
which figures in many imaginative pictures. Of course
this seems ridiculous, but it has its effect on the negro,
.
who,
even
if he does not quite accept it in full, has
forty-acres-and-a-mule sort, and be¬
lieves, without a question, in the promised land “ where
every prospect pleases.”
visions of the old
But will not all this have a similar
effect another
year? We think not, for two reasons. First, it is not
according to experience for feverish impulses like this
to recur so soon, unless some
new disposing cause
arises ; secondly, the negroes, instead of sending their
'most trusted and least impressible men as an embassy
to find out the facts in the West, exhibited their
credulous improvidence by going themselves. But next
the case will be different. Those who took all for
granted and went, have been the embassy, and many of
them—that is, of those who survive the experiment—
will probably be returning; the experience they have had
has qualified them well for judges, and because of their
great expectations, the greater their disappointment has
been, and the more vividly they will paint it to the rest.
Instead of a stream setting one way—to the West—
there will probab’y be also a thin stream setting back,
year
which will resist the outward flow another year.
We do not forget the influences from the North,
which
were brought to bear last year and may be applied
again. In fact they are perhaps of a political sort;
these
we
need not discuss, but they are
earnestly to be
that they are exerted by
not
sincerity can
be questioned. Of these per¬
sons the distinguished man who died in this city only a
few weeks ago is the type. Their endeavors to stimulate
colored emigration are disinterested, but misdirected ;
It is
deprecated.
no excuse
those whose
they follow still the direction their zeal and sympathy
have taken, all through the struggle over the race ques¬
tion, and their sincerity is as genuine as their judgment
is wrong. There is no recorded instance where any
migration caused or stimulated by outside influences has
been practically successful; such movements, if they are
to be beneficial, must be natural—they must make them¬
selves.
To
589
THE CHRONICLE*
jukb u,1878.]
undertake the
wholesale removal of the
in pursuance of any more or less definite
scheme, is an attempt at interference which will inevit¬
ably be very hurtful.
The fact is indisputable that the South is the beet
country, naturally, for the negro. His work is there,
and there his labor is needed, and his removal would be
disastrous to the country and to him.
Nature has set¬
tled that. The negro can endure exposure to sun when
the white is struck down; he even likes a fire, and pre¬
ferably puts his head towards it. Undoubtedly, ma¬
chinery has yet a development to be made in cultivating
Southern crops, but the labor which it does not displace will in most sections always preferably be colored
labor.
It is wisdom to recognize this, for all exertion
which attempts to cut across the lines which Nature
has marked out is wasteful, compared with the results
attainable by following them.
negroes,
that there
was
little
reason
The result of
earnings in May is
a
FROM
balance of $314,138
has been
mainly founded
year.
The Erie
upon
the
right side, as appears in the table below. This balance is prob¬
ably more than accounted for, however, by the earnings on in¬
creased mileage operated by several of the roads, and a fair
comparison with May, 1878, would show that there had been no
real increase in gross earnings, much less in net earnings.
The result for five months of the present year is a decrease
of the small amount of $53,075 on all the roads embraced in
the second table. This more than confirms the views hereto¬
fore entertained in these columns of the probable course of
earnings during 1879, in which the opinion has been expressed
the good showing made last
earnings for March, which have just been received
in that month, but
from London, show a considerable increase
still a material decrease in net earnings for
of the
company’s fiscal
the first six months
year.
GROSS EARNINGS IN MAY.
Ateh.Topeka& Santa Fe.
Burl. Cedar Rap. & No..
Cairo & St. Louis/.
Central Pacific
Chicago & Alton
Chicago & East. Illinois.
Chic. Milw. & St. Paul..
Chicago & Northwest.
Chic. St. P. & Minneap..
..
Clev. Mt. Vernou.& Del..
Galv. H. & Henderson...
1879.
1878.
$
000,000
116,950
18,903
1,541,000
410,446
63,334
857,000
1,434,960
98,997
34,787
$
(Iowa lines)
602,352
289,301
131,777
433,190
127,569
Interuatl & Gt. North..
Kansas Pacific
Missouri Kansas & Tex..
Mobile & Ohio
Paducah & Elizabetht’n.
Paducah & Memphis*...
St. L. Alt.&T. H.(brc’hs).
St. L. IronMt.&South’n.
St. L. Kans. C. & North..
St. Louis & Southeast*...
84,631
380,010
217,833
116,971
19,405
6,946
36,780
303,228
229,770
69,687
Grand Trunk of Canadat
Great West’n of Canada}
Hannibal & St. Joseph..
Illinois Cent. (Ill line)...
do
Scioto Valley
Toledo Peoria & Warsaw
Increase. Decrease.
$
295,364
62,982
60,563
2,352
798,664
58,336
1,471,545
78,667
30,388
20,330
4,399
81,705
271,492
206,757
103,731
-
270,330
258,132
65,405
111,339
393,191
8,726,068
8,411,930
22,540
6,611
49,889
36,585
........
2,926
108,518
11,076
13,240
5,722
6,280
25,127
13,226
36,404
$
9,550
29,059
4,881
32,082
15,686
611,902
318,360
136,658
465,272
143,255
108,880
333,324
Wabash
Total.
Net increase
304,636
139,490
25,514
1,590,889
349,883
.
-
376
32,898
28,362
4,282
2,459
59,867
623,711
314,138
309,573
*
Three weeks only of May in each year,
t For the four weeks ended May 31.
} For the four weeks
ended May 30
GROSS EARNINGS FROM JAN.
Ateh.Topeka&Santa Fe.
Burl. Cedar Rap.
Cairo & St. Louis
1878»
$
2,372,974
$
89,948
6,404,129
Chicago & Alton
Chicago Milw. & St Paul
Chicago & Northwest...
Chic. St. P. & Minneap..
Cl. Mt. V. & Del. & brehs.
Galv. H. & Henderson...
Grand Trunk of Canadat
Great Weat’u of Canada}
Hannibal & St. Joseph..
Illinois Cent. (Ill. line)
..
(Iowa lines)
Intcrnat’l & Gt. North..
do
Kansas Pacific
Missouri Kansas & Tex..
Mobile & Ohio
Paducah & Elizabetht’n.
Paducah & Memphis*...
St. L. Alt.&T. H.(brc’hs).
St. L. Iron Mt. & South’n.
St, L. Kans. C. & North..
St. Louis & South East.*
Scioto Valley
Toledo Peoria & Warsaw
Wabash
1,732.972
3,236,000
5,563.840
414,851
148,557
189,235
3,574,083
1,746,440
750,580
2,070,226
559,940
596,595
1,564,907
1,020,920
845,593
130,020
108,312
57,775
213,369
1,647,761
1,328,511
418,591
116,777
485,043
1,658,858
$
148.871
36,124
383,527
417,224
1,283
161,408
199,641
72,491
112,163
27,325
90,602
21,708
22,183
1,048,245
754,991
39,374,830
Total
Net decrease
Increase. Decrease.
$
1,259,096 1,113,878
692,516
88,674 1,274
6,440,253
1,644,439
88,533
3.619,527
5,986,064
361,987
52,864
149,840
147,914
41,321
3,735,491
1,946,081
694,624
55,956
2,142,717
672,103
508,937
87,658
1.200,112
364,795
543,645
& No..
Central Pacific
1 TO MAY 31.
1879.
79.958
186,810
26,559
1,614,468
1,304,442
415,040
89,981
536,155
1,886,818
33,293
24,069
3,551
26,796
51,112
227,960
39,427,905 1,920,547 1,973,622
53,075
of May in each year,
31.
} January 1 to May 30.
*
Three weeks only
t January 1 to May
GROSS EARNINGS,
EXPENSES AND NET EARNINGS.
the gross earnings, operating expenses and
net earnings for the month of April, and from January 1 to May 1,
of all such railroad companies as will furnish monthly exhibits for
publication:
The statement below gives
1879.
Atlantic Miss. & Ohio—
Gross earnings
118,113
126,931
$
516,508
73,626
93,744
482,260
44,487
33,187
187,087
148,418
100,132
115,277
90,113
426,695
553,026
72,517
27,615
25,164
142,871
176,253
154,154
58,134
146,362
51,339
562,289
218,636
498,737
189,187
96,020
95,023
343,653
309,550
Net earnings
Burl. & Mo. Riv. in Neb.—
Gross earnings
Operating expenses
Net earnings
295,173
283,824
368,090
376,773
1,018,755 1,118,730 4,177,968 4,245,185
618,007
622,425 2,358,520 2,374,504
400,748
496,311 1,819,448 1,870,681
Net earnings
Cleveland Mt. Vernon & Del.—
32,657
Gross earnings
30,462
Operating expenses
28,322
25,487
2,140
7,170
Net earnings
1878.
$
North’n—
Chicago Burl. & QuincyGross earnings
Operating expenses
1879.
$
Net earnings
Burl. Cedar Rap.&
Gross earnings
1878.
$
Operating exp. and taxes..
on
anticipate a better business this
year on the railroads, taken as a whole, than they had in 1878.
But it is to be remembered that the year 1878 was a good one
for business, and that the large advance in railroad securities
Expenses (incl. extraord’y)
RAILROAD EARNINGS IN MAT, AND
JANUARY 1 TO MAY 31.
to
113,770
104,388
9,382
119,452
96,786
22,666
THE CHRONICLE.
590
ApriL
1879.
Dakota SouthernGross earnings
Operating expenses
Not
earnings
Houston & Texas CentralGross earnings
Operating exp. and taxes..
Net earnings
.
1878.
—Jan. 1 to Apr. 30.—.
1878.
1879.
$
17,164
10,940
$
19,777
9,262
71?742
$
68,682
40,325
30,412
6,224
10,515
31,417
38,270
158,318
131,303
143,077
156,927
873,325
762,690
578,621
613,573
27,015 def.13,850
294,704
149,117
79,492
73,502
511,964
349,695
427,232
296,833
5,990
162,269
130,399
80,540
'88,381
earnings
Expenses
def. 7,841
Net earnings
Kan. City St. Jo.
Gross earnings
& C. Bluffs—
RATES OF EXCHANGE AT LONDON AND ON LONDON
EXCHANGE AT LONDON—
May 30.
177,571
215,915
Kansas PacificGross earnings
377,093
206,732
Expenses
Net earnings
earnings
Operating expenses
earnings
928,620
651,265
1,184,897
711,148
170,361
80,091
473,749
277,355
9,707
15,275
14,109
12,960
50,829
54,369
66,732
Motnph. Pad. & NorthernGross
281,601
201,510
def.
51,196
3,540
15,536
128,469
92,402
593,315
362,950
605,303
378,340
35,199
36,067
230,365
226,963
215,607
172,340
215,090
149,273
878,131
804,604
609,454
557,875
43,267
65,817
268,677
246,729
318,196
298,732
283,101
211,599
1,344,533
1,344,138
974,940
824,867
19,464
71,502
369,593
519,271
44,421
42,328
48,131
33,957
186,790
152,362
193,580
154,120
2,093
9,174
34,428
39,460
25,046
21,012
26,636
22,632
110,552
85,737
105.129
4,034
4,004
24,815
18,752
11,896
7,706
13,173
9,997
51,559
37,146
50,926
39,844
4,190
3,176
14,413
11,082
53,383
35,472
49,579
192,167
118,709
180,248
31,703
17,911
17,876
73,458
67,167
23,146
26,131
28,974
100,979
23,003
87,170
116,544
82,905
2,015
5,971
13,809
33,639
42,932
59,823
27,117
162,397
17,628
71,190
238,590
105,034
25,354
32,706
91,207
133,556
def. 5,568
1,149
128,506
93,307
EXCHANGE ON LONDON.
Latest
Date.
Amsterdam
Amsterdam
Antwerp
Short.
12.012^12.1^
'2>12.3i2
'2)25.40
3mos.
12.3
25.35
25.15
ii
...
Short.
3mos.
Paris
Paris
Hamburg
20.57
..
20.57
20.57
Berlin
Frankfort..
Vienna
Madrid
Cadiz
11.90
4678'2'47
47
27.80
27.80
27.80
Milan
Genoa
Naples
Lisbon
New York..
Alexandria
90 days
Constan’ple.
60 days
Bombay
Calcutta
.
ii
..
'2)20.61
'2)20.61
'2)20.61
2)11.95
2313|g<a>23i62g
....
..
'2)25.25
Time.
Rate.
May 29 Short.
12.06
May 29 Short.
May 29 Cheq’s
25.20
25.19*3
25.32^25.37*2
St.Petersb’rg
Net earnings
Net
501,808
324,237
531,381
315,466
Operating expenses
©ommevcial ^tiglisftUenrs
AT LATEST DATES.
International & Great North.Gross
[Vox. xxvm.
.
May
May
May
May
May
May
29 Short.
ii
29
ii
29
29 3mos.
27
<(
27
20.43*3
20.43 *3
20.43ia
117.20
ii
23*e
47-80
@4714
'2)27*85
2)27-85
@27-85
May 29 3 iniios.
May 29
ii
May 29
27.35
27.35
27.35
5178®52*8
May
May
May
May
May
May
May
Is. 7%d.
la. 7%d.
Hong Kong
Shanghai...
4.88
97*8
110.06
la. 8d.
la. 8d.
3a. 103ed.
5s. 3d.
29 60 days
27 3mos.
27
29 6mos.
29
u
27
ii
27
.
ii
ii
Nashv. Chatt. & St. LouisGross
earnings
Operating
exp.,
inel. taxes
Net earnings
Philadelphia & Erie—
earnings
Gross
Operating expenses
Net earnings
8fc. Louis Iron Mt. & Sout’n—
Gross earnings
Operat’g and extra’y exp.
Net
earnings
at. L. & So.East.—St.L.Div.—
Gross earnings
Operating expenses
Net
earnings
Bt. L. & So. East.—Ky.
Gross earnings
Operating expenses
Net
at. L.& So.East.—Tenn.Div.—
Gross earnings
Operating expenses
\
earnings
Nat
ftt. Paul & Sioux CityGross earnings
Operating expenses
Net earnings
Sioux City & St. Paul—
G<ross earnings
Operating expenses
,
Net
earnings.
86,377
113,081
Southern MinnesotaGross earnings
Expenses
Net
earnings
week of month increased expenses
*
Tlie flood during last
-decreased earnings.
The following
and
March figures have but recently come to hand.
Mai rch.—
/
1879.
$
330,200
Great Western of Canada-
.
1878.
$
235.900
329,500
268,100
94.300
61,400
New York Lake Erie & WesternGross earnings
1,356,780
'Operating expenses
945,006
1,147,208
Gross
earnings.
Operating expenses
.
.
Net, earnings..
Net earnings
Grand Trunk of Canada—
Gross earnings
Working expenses,
Net earnings
.
411,774
.
.
—Jan. 1 to Mar. 31.—x
1879.
1878.
$
$
825,370
3,711,344
2,841,113
3,572,638
2,590,010
321,838
870,231
982,628
&
£
153,253
121,207
434,336
353,628
459,371
24,613
32,046
80,708
98,630
&
360,741
Be it enacted, &c., That the holder of any of the silver coin of the
United States of smaller denomination than $1 may on presentation of
the same in sums of $20, or any multiple thereof, at the oflice of the
Treasurer or any Assistant Treasurer of the United States, receive
therefor lawful money of the United States.
Sec. 2. The Treasurer or any Assistant Treasurer of the United States
who may receive any coins under the provisions of this act shall ex¬
change the same in sums of $20, or any multiple thereof, for lawful
money of the United States on demand of any holder thereof.
Sec. 3. The present silver coin of the United States of smaller denom¬
inations than $1 shall hereafter be a legal tender in all sums not exceed¬
ing $10 in full payment of all dues, public and private.
Sec. 4. That all laws or parts of laws in conflict with this act be, and
the same are hereby, repealed.
An Associated Press dispatch says tlie Treasury Department
will in a day or two issue a circular of instructions relative to
London, Saturday, May 31, 1879.
position of the Bank of England has further improved,
the proportion of reserve to liabilities having risen from 51*52
to 53*06 per cent.
There has been a small increase in the
supply of bullion and a slight falling off in the note circulation
the result of which changes is that the total reserve has been
augmented by £277,266. The reserve of notes and coin is now
at the high point of £19,400,478, against £11,388,102 last year;
while the stock of gold is £33,278.018, against £23,451,882 in
The
1878.
The other features in the Bank return
are
a
decrease of
£1,032,144 in “otherdeposits,” of £829,630 in “other securities,”
and an increase of £486,103 in the Treasury balance. It is quite
executing the act.
is upon a most restricted
scale, and the state of the outside market fully confirms this
opinion. During the week, there has, perhaps, been a some¬
what better inquiry for money in connection with the settle¬
ment
the Stock
Exchange ; but the mercantile demand has
moderate scale. Trade bills are, in fact, still
very scarce, and any prospect of an increase in the supply is
quite remote. At the present time, facts point to the conclu¬
sion that the money market will continue to rule extremely
easy. Last week, the French rate was reduced one per cent
and the other principal Continental money markets have since
become easier. A demand for bank and prime commercial bills
has also arisen on Paris account, and trade, with but few
exceptions, is exceedingly quiet. The position of the Bank of
England is a very strong one, and a difficulty is still experienced
in finding a safe and remunerative outlet for our surplus capi¬
tal. All securities in which the public repose complete confi¬
dence are high in price, and the tendency is still upwards.
The following are the present quotations for money:
on
been upon a very
Bank rate
Open-market rates—
30 and 60 days’ bills
3 months’ bills
Per cent.
2
1*8 @1*4
1*8 @1*4
Open-market rates—
4 months’ bank bills
Per cent.
lSs®^
6 months’ bank bills
16q@1%
4 & 6 months’ trade bills. 2 @2*3
by the joint-stock banks and
discount houses for deposits are as follows:
Subsidiary Silver Coin.—The following is a copy of the law
providing for the exchange of subsidiary coin for legal tenders :
the mode of
correspondent,]
The rates of interest allowed
143,150
118,537
&
.
our own
clear that the demand for money
Dir.—
earnings
[From
Joint-stock banks
Discount houses at call
do
writli 7 and 14 days’ notice of withdrawal
Per cent.
1
*2
%
considerable importance in financial and,
indeed, commercial circles, is the marked improvement which
has taken place in the price of silver and in the Indian
exchanges. Fine bar silver is now worth 51
per ounce, and
the tendency is still upward. ; Since the announcement that the
German Government have no further large supplies to sell,
there has been considerable speculation, and a very beneficial
effect has been produced. Mexican dollars have also been in
active request for shipment to China, the unfavorable reports
respecting the Italian silk crop having induced merchants and
speculators to make large purchases of the raw material in the
Chinese and Indian markets. As the depression of the silver
market has been cited as one cause of the depressed condition
of our commerce, so, by like reasoning, must the improvement
which has taken place, and which, it is believed, will continue,
produce better hopes for the future. The purchasing power of
the silver-using countries will be augmented, and we ought,
therefore, to transact a larger business with them. Merchants,
A feature of very
June
== =
—
1
—
591
THE (CHRONICLE
14, I'M. j
=
however, will prefer to wait and see if the rise is permanent,
and if it is chiefly due to the natural laws of supply and
demand. The matter is one of great importance, and the effect
already produced a hopeful feeling. The steamer for the
bar silver for Bombay, £33,000 for
Calcutta, and £57,520 in dollars for Shanghai. There has also
been an improvement in the Continental demand, and it would
appear, therefore, that the improved condition of the market is
due to legitimate transactions. Mexican dollars have realized
has
East has taken out £20,000 in
=
—
Sales
of
1875-6.
1876-7.
1877-8.
1878-9.
42,009,092 29,469.164 39,897,2426,449,204
5,036,675 4,891,434
Imports of wheat.cwt.35,203,729
Imports of flour
6;612,223
home-grown
36,160,000 28,197,000 30,195,000 30,226,000’
produce
Total
Deduct
exports
wheat and flour
....77,975,952
of
1,409,658
76,655,296
64,700,839
75,014,670
1,435,419
743,514
452,660
76,566,294
75,219,877
Result
Av’ge price of English
wheat for the season.
63,957,265 74,562,010
51s. 3d.
40s. 6d.
43s. 5d.
51s. 4d.
figures showing the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.»
present position of the from the 1st of September to the close of last week, compared
Bank of England, the Bank rate of discount, the price of con¬ with the
corresponding period in the three previous seasons :
IMPORTS.
sols, the average quotation for English wheat, the price of
1875-6.
1876-7.
1877-8.
1878-9.
Middling Upland cotton, of No. 40 mule twist, fair second quality, Wheat
cwt.35,203,729 42,009,092 29,469,164 39,897,242;
and the Bankers’ Clearing House Return, compared with the Barley
7,005,177
8,618,412 10,457,247 10,714,874
Annexed
are
52d. per ounce.
Annexed is a statement showing the
three previous years:
1879.
Circulation, including
£
bank post hills
29,137.787
Public deposits
8,022,108
Other deposits
28,281,999
Governm’t securities. 14,675,257
Other securities
20,190,996
Ree’ve of notes & coin 19,400,278
Coin and bullion in
both departments.. 33,278,018
Proportion of
reserve
No. 40 mule twist
1876.
£
£
27,384.777 28,210,318 28,049.586
6,743,142
6,523,808 7,755,817
21,285,865 22,141,497 20,809,304
15,556,488
19,070.370
11,388,102
15,364,904 14,575,861
19,082,728 17,077,544
12,058,767 14,816,202
23,451,882
25,009,187 27,600,672
40*06
2% p. c.
97*3
41%
3 p. c.
95%
41s. 4d.
678d.
51s. 2d.
63j6d.
68s. 6d.
5H,ad.
*
Eng. wheat, av. price.
Mid.Upland cotton...
1877.
£
53 06
2 p. o.
99 *8
to liabilities
Bank rate
Consols
1878.
10
*
Clearing-House return 77,938,000
9%d.
9%d.
following are the current rates of discount at
•eipal foreign markets :
Paris
Brussels
Amsterdam
Berlin
Hamburg....
..
Frankfort....
T^iipzig
GenoaV
Geneva
...
...
...
...
...
....
..
.
....
....
rate.
Pr. ct.
Pr. ct.
3%®3%
2*8® 2 38
2 ®2%
4
3
2
2%®2%
3
3
the prin-
Bank
Open
market.
1%®1%
2%® 2%
6d.
lid.
Vienna <fc Trieste.
4*2
St.
Petersburg
Madrid, Cadiz &
5
Barcelona
Lisbon & Oporto.
New York
Calcutta
4
5
...
Copenhagen
....
Open
market.
Pr. ct.
®4%
®4%
3%®3%
4
5
3
®5
®6
4
®4%
®4
were
received
The former—the cereal farmer—thinks
that
a
dry
summer
990,955
3,471,718
24,731,807
5,036,675
8,095,281
1,114,891
2,791,118
17,645,244
4*891,434
44,380
67,747
96,950
71,124
14,994
10,683
324,834
103,570
corn.
434,42a
21,861
216,051
30,031
7,700
707,395
44,215
83,450
21,658
25,724
389,294
36,179
1,380,118
Barley
Oats
Peas
Beans
Indian
Flour
1875-6.
1876-7.
1877-8.
1878-9.
Wheat
17,139
17,171
186,975
55,301
Eogllitli market Reporta—Per
35,410
18,246
Cable,
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
of England has increased £320,000 during the week.
The
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
June 7. June 9.June 10. June 11.June 12. June 13.
52%
52%
5l°8
51%
51%
d. 52
8ilver, per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. 8. 4%s of 1891
U. 8. 4s of 1907
97%*
97%*
105%
lOS^s
105
277s
Erie, common stock
88
Illinois Central
yesterday for £1,923,000 in Treasury
Bills, and the allotments were as follows : Three months* bills,
£1,588,000; and six months’ bills, £335,000. Tenders for bills
at three months at £99 15s. will receive about 97 per cent and
for bills at six months at £99 3s. 9d. in full. The Government
is therefore paying one per cent per annum for short loans and
1% per cent for six months’ bills.
The weather has been favorable for the growing crops, but
the farmers complain and say that we are now having too much •
rain. No one, however, can dispute the fact that the sun¬
shine and rain of the past week have been very beneficial; but
it must, at the same time, be admitted that the weather is by no
means forcing.
Judging from past experience, there is no
reason to believe that the harvest of cereal produce will be
good. As far as wheat is concerned, the acreage of land under
cultivation is below the average, and we cannot, ©wing to the
protracted winter, expect an early harvest. The probability is,
therefore, that a considerable proportion of the next crop will
be harvested in poor condition, as a late harvest is adverse to
the agricultural interests of the North. It is a common saying
that good cereal and good grass and root crops do not occur
in one season. At the present time, the producers of cereal
and cattle food complain that the season is adverse to them.
Tenders
6,612,223
4
6
4
956,539
24,596,884
corn.
7,547,165
8,330,656
1,329,833
2,508,062
23,891,536
6,499,204
7,935,363
1,149,196
EXPORTS.
45s. 3d.
75,873,000 79,810,000 92,709,000
The
Bank
rate.
Pr. ot.
2
3
3%
3
3
3
3
51*39
2 p. c.
x94
Oats
Peas
Beans
Indian
Flour
Pennsylvania
38
Philadelphia* Reading. 20
973,*
973,*
97716
97%*
105%
108 Hi
105%
108%
97%
105%
108%
105
105
105
28*8
28%
88
88
38%
20%
383s
20%
.
97i18
973l6
97%*
105%
97%*
973,*
105%
108%
108%
104% xl03%
28%
28%
88
88
38%
20%
20%
28%
88%
39
20%
....
Liverpool Cotton Market.--See special report on cotton.
Liverpool Breadstuff's Market.—
23
8
7
9
9
8
9
$ bbl. .23 6
Wheat,spr’g,No.2,1001b. 8 5
Spring, No. 3...
“
7 5
Winter, West. ,n.
“
9 2
Southern, new
u
9 5
Flour (ex. State)
Av.Cal. white..
California club.
8
9
“
**
9
3
Corn,mix,sft,old,$cent’l 4 4%i
Prime, hew
4
“
2
Tues.
a.
d.
23 6
8 5
7 5
9 2
9 5
8 9
Mon.
d.
8.
Sat.
d.
8.
6
5
5
2
5
9
3
3
4
4%
9
4
4%
4
4
2
4
2
4
Liverpool Provisions Market.—
Sat.
d.
8.
Pork, West, mess.. $bbl.46 0
Bacon,l’ngcl’r,new-cwt.25 6
Short clear, new. “ 26
Beef, pr. mess, new,$tc.76
0
0
Lard, prime West. ^cwt.32 6
Cheese, Am. choice.
42 0
“
Mon.
8.
d.
46 0
6
0
25
26
76
32
42
0
6
0
Toes.
d.
8.
46 0
26 0
26 6
76 0
32 6
42 0
Fri.
Thurs.
8.
d.
8.
d.
23 6
23 6
8 4
8 5
7 5
7 5
9 2
9 2
9 5
9 5
8 9
8 9
9 3
9 3
4% 4 4% 4 4
4 1%
4 1%
2
Wed.
8.
d.
23 6
8 5
7 5
9 2
9 5
8 9
9 3
Wed.
a.
d.
46 0
6
26
27
76
32
0
6
40
0
0
Thurs.
8.
d.
46 0
26 6
27 0
76 0
32 6
39 0
Fri.
40
d.
0
.26
6
27
76
•
©
33
©
39
©
8.
London Petroleum Market.—
Sat.
d.
Tues.
d.
Mon.
d.
Pet’leum, ref. $ gal.6%®6% 6%®
Pet’leum, spirits “ .. ® .... ®
Wed.
d.
6%®6% 6%® ..
....
® ..7 ®7%
..
©0mmjerciaX
Imports and Exports for the
Fri.
ThlN’8.
d.
..
..
®
®
d.
....
..
..
®
®
..
..
.
Week.—The imports of last
the grass and root-land farmers are
week, compared with those of the preceding week, show
weather. It is, of course, difficult to a decrease in both dry goods and general merchandise.
express an opinion about the future, as the agricultural pros¬
The total imports were $5,352,400, against $5,925,984 the pre¬
pect depends entirely upon the state of the weather during the
ceding week and $5,443,829 two weeks previous. The exports
next three months.
It is, however, an accepted opinion that
for the week ended June 10 amounted to $5,540,538, against
the acreage of land under wheat this season has been materially
$6,791,038 last week and $5,372,627 the previous week. Tht
diminished.
following are the imports at New York for the week ending
During the week ended May 24, the sales of home-grown
(for dry goods) June 5 and for the week ending (for general
wheat in the 150 principal markets of England and Wales
merchandise) June 6:
amounted to 53,672 quarters, against 35,554 quarters last year;
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
and it is estimated that in the whole kingdom they were 214,750
1876.
1877.
1878.
1879.
Dry
Goods
$819,394
$804,914
$858,108
$1,043,04*
harvest
quarters, against 142,250 quarters in 1878. Since
the General mdse... .5,083,056
5,724,864
3,837,247
4,309,360
deliveries in the 150 principal markets have been 2,086,159 quar¬
$5,907,450
$6,529,778
$4,695,355 $5,352,400
ters against 1,624,696 quarters; while in the whole kingdom it is Total week
137,365,213 141,952,701 122,500,029 132,217,715
Prev. reported.
computed that they have been 8,344,700 quarters, against
Tot. s’ce Jan. 1..$143,272,663 $148,482,479 $127,195,384 $137,570,115
6,506,800 quarters in the corresponding period of last season.
In our report of the dry goods trade will be found the imports
Without reckoning the supplies furnished ex-granary at the
of dry goods for one week later.
commencement of the season, it is calculated that the following
The following is a statement of the exports (exclusive of
quantities of wheat and flour have been placed upon the British specie) from the port of New York to foreign ports for the
week ending June 10:
markets since harvest:
would assist him, and
also wishing for drier
THE
592
45—Str.
CHRONICLE.
National Bank Circulation—
New circulation issued
Total amount of greenbacks out-
EXPORTS PROM NEW YORK FOR THE WEEK.
1876.
For the week....
Prev. reported..
Tot. 8’ce Jan.
243—SHC.rehscnt
1877.
$5,574,347
101,968,99L
1878.
1879.
$5,540,538
$6,677,748
$6,023,957
112,951,134
133,287,900 |
145,507,518
1..$107,543,338 $118,975,091 $152,185,266 $138,823,438
The following will show the exports of specie from the port
of New York for the week ending June 7, 1879, and also a
comparison of the total since January 1, 1879, with the
corresponding totals for several previous years:
June.
4—Str. Algeria
Liverpool
4—Schr. Azelffa & Laura. Jeremie
4—Str. Santo Domingo..Porto Plata
France
Havre
Am. gold coin.
Am. gold coin.
Mex. silv. dols.
...
$250,000
fVOL. XXVIII
standing
Circulation retired
Total notes outstanding—
March 31.
April 30.
2,957,650
2,003,460
May 31.
1,290,920
346,681,010 346,691,016 346,681,016
922,434,
939,016
897.019
March. 31.
April 30.
May 31.
Currency.325,660,276 327,678,910 328,072,811
Gold
1,466,920
1,406,600
1,466,000
received for redemption
Notes
from—
New York
Boston
4,062,000
5,008,000
560,000
2,768,000
Philadelphia.
Miscellaneous
8,100,000
3,100,000
500,000
4,771,000
3,028,000
448,000
1,940,000
3,900,000
500
Am. silv. bars.
Am. gold bars.
Am. gold dols..
10,850
r 8,600
1.400
18,000
973
83.042
28,000
124,900
$12,398,000 $10,187,000 $15,600,000
Total...
Western Union
Telegraph Co.—The report for the quarter
ending
June
30,
1879,
gives the following :
Eng. gold coin.
In the report presented by the executive committee at the
Liverpool
Mex. silv. dols.
last quarterly meeting of the board, held March 12, 1879, the
Paris
Am. silv. bars.
London
Am. silv. bars.
net profits for the quarter ending March 31st (February being
Mex. silv. dols.
98,000
7—Str. Main
London
Am. silv. bars.
99,700 partially and March wholly estimated) were stated at $920,983.
7—Str. C. of Richmond.. Liverpool
Am. gold coin.
450,000 The official returns for the quarter (ending March 31st) showed
the profits to be $931,324, or $10,341 more than the estimate.
Total for the week ($453,092 silver, and $720,873 gold)
$1,173,965 The
following revised statement, based upon complete returns,'
Previously reported ($3,233,372 silver, and $323,996 gold).. 8,557,363
will show the condition of the company at the close of the
Tot. since Jan. 1,’79 ($3,636,464 silver, and $1,044,869 gold).$9,731,333
quarter ended March 31st, 1879:
Canima
5—Str. Adriatic
5—Str. Suevia
Hamilton....
,
Same time in—
I
Same time in1878
$8,149,679|1874
$25,648,150
1877
17,337.918 ! 1873
24,691,436
1876
25,608.131 1872
32,683.580
1875
40,787,546 1871
37,308,920
The imports of
been as follows:
Same time in—
$15,182,941
1870
1869
14,046,620
43,702,627
22,873,174
1868
1867
specie at this port for the
same
periods have
Surplus January 1 st, 1879, as per last quarterly report
Net profits, quarter ended March 31st, 1879.
2—Str. Carondelet
2—Str. Bermuda
St.
St.
Am. silver...;.
Foreign gold...
Jago
John, P. R.
Am. silver
Am. silver
Foreign silver.
"
L.
Dividend of 1 ^ per cent
Interest on bonded debt
Buenos Ayres
Aspinwall
10,972
111,899
Telegraph Company, under existing agreements) will be
3,750
3,104
1,635
1,000
Am. silver
500
Am. silver
2,261
2,722
gold.
Foreign gold...
Gold ore
Am. silver
St. Thomas
Am. silver
$17,439 gold)
Previously reported ($3,802,368 silver, and $612,842 gold)
..
$258,065
4,415,210
1869
1868
8,904,110
3,754,046
1,554,989
1867.....
The
following is a statement of the Comptroller of the Cur¬
rency, showing the issue and retirement of national bank notes
and legal tender notes, under the Acts of June 20, 1874, and
January 14, 1875, to June 1, 1879:
National Bank Notes—
Outstanding when Act of June 20,1874,
was
Issued from June 20, 1874, to Jan. 14, 1875
Redeemed and retired between same dates...
.
$349,894,182
passed
$4,734,500
2,767,232
Increase from June 20, 1874, to January 14,1875.
Outstanding January 14, 1875
1,967,268
$351,861,450
Redeem’d and retired from Jan. 14,’75, to date
Surrendcd between same dates
$74,792,287' '
11,101,702
Total redeemed and surrendered
Issued between same dates
$85,893,989
62,105,350
Decrease from
January 14, 1875, to date
$23,788,639
Outststanding at date
Greenbacks—
On deposit in the
of insolvent and
$328,072,811
Treasury June 20, 1874, to retire notes
liquidating banks
Deposited from June 20, 1874, to date, to retire national
bank notes
$3,813,675
deposits
by Treasurer between
$90,522,661
same
dates,
$12,963,142
Retired under Act of January 14, 1875
Outstanding at date
U. S. Legal Tenders
$35,318,984
346,681,016
National Bank Notes.—From the
and
Comptroller of the Currency, Hon. John Jay Knox, we have the
following statement of the currency movements and Treasury
balances for three months past:
77. S. Bonds held- as security
for National Banks.—
March 31.
Bonds for circulation deposited..$12,281,250
Bonds for circulation withdrawn. 11,775,250
Total held for circulation
351,196,400
Bonds held as security for deposits 14,052,400
Legal-Tender Notes.—
Deposited in Treasury under act
of June 20, 1874.
Total now on deposit,
April 30.
liquidating banks
-
545,022
$1,648,025
Interest
on
-
•
.
$107,088
bonded debt
Construction, purchase of stock of leased lines
and other properties
Sinking fund appropriations
Leaves a balance of
A dividend of 1% per cent on
150,000
20,000—
277,088
$1,370,936
the entire ^capital stock
717,500
requires
Deducting which, leaves balance after paying dividend.... $653,436
present quarter closes the fiscal year, and shows the net
$4,238,988
earnings for the year to be
From which deducting fixed charges upon net earnings, for
interest and sinking fund on bonded debt
508,738
The
There is left available for dividends
or
$3,730,250
investment
Being over nine per cent on the entire capital of the com¬
pany, including the stock held in the treasury; or, after the
further deduction of the sum appropriated for the construction
of new lines and purchases of new property (thought to be
worth more to the stockholders than if paid to them in divi¬
dends), there is still
than
eight and
a
half
a
balance of net earnings, equal to more
cent of the entire capital stock of the
per
company.
In view of the preceding statements, the committee recom¬
mend the adoption by the board of the following :
QResolved, That of tlie stock of this company held in the Treasury, there
be distributed and transferred to the credit of stockholders of record at
the close of business on the 20th of June instant an amount equal to
seventeen per cent of the stock held by each, for which distributed stock
certificates be issued: Provided that fractions of shares be issued
in special certificates bearing no dividends, but convertible into full
shares on the transfer and surrender of sufficient fractions.
Resolved, That a dividend of one and three-quarters per cent from the
net earnings of the quarter ending June 30, 1879, be and is hereby
declared payable on the 15th day of July next, to stockholders of record
at the close of business on the 20th day of June instant, inclusive of the
additional stock which may be transferred and distributed, as provided
in the foregoing resolution.
—As will be
by reference to an advertisement on another
the stock of the Green Mountain Mine has been introuced on this market. This mine, the company reports, has
been a steady producer of bullion for a period of twelve years.
The company also states that it has thirty-two stamps running
seen
..
—Messrs. Blake Bros. & Co. call the attention of investors to
the City of Providence twenty-year new 4% per cent bonds.
The bonds may be either coupon or registered, and principal
and interest are payable in Boston. The bonds of this city, it
is
said,
are
quite favorably received in New England.
—The Homestake Mining Company has declared its regular
dividend of thirty cents per share for May, payable at Wells,
Fargo & Co., on the 25th inst.
—Large sales of the Province of Quebec bonds are reported,
at an advance in price to 101%, by Messrs. Blake Bros. & Co.,
54 Wall
street, N. Y.
dividend of
months, paya¬
—The Continental National Bank has declared
1,118,400
663,190
202,905
12,800,698
13,356,239
12,963,142
35,318,984
35,318,984
35,318.984
Jan.14,
.
May 31
$12,036,450 $27,728,900
10,982,300 26,557,150
352,250,550 353,422,300
14,252,400 13,952,400
including
Total entered uAder act of
1875
above
77,559,519
On deposit at date
-
appropriating—
as
age,
86,708,986
Circulation redeemed
without re-issue
From which
928
388
Tot. since Jan. 1, ’7h ($4,042,994 silver, and $630,281 gold):.$4,673,275
Same time inSame time inSame time in1878
$12,301,254 1874
$2,320,791 1870
$7,016,220
2,591,211
713,327
3.163,221
April 1,
500
Total for the week ($240,626 silver, and
$1,103,002
about
Add surplus
3,500
97,014
5,405
gold
$685,078
$545,022
surplus April 31st, 1879, of
750
Ciudad Bolivar
Bremen
1873
1872
1871
a
2,030
Am.
6,956,915
1,812,173
6,467,332
There remained
Silver bars.....
Gold bars......
Gold dust
Am.
Para
stocks, patents etc.
500
3,965
Foreign silver.
5—Anita
7—Str. Mosel
7—Str. City of
Total
107,000
20,056
20,184
11,901—
Foreign silver.
gold
Foreign gold...
Am. gold
City of Merida.. .Vera Cruz
Construction account
Purchase of sundry telegraph
$1,608
1,660
974
1,000
Am. silver
Am. silver
3—Str. Canima
Hamilton
3—Bark Scud
Puerto Cabello
A. H. Brown...Jeremie
1876
1875
paid April 15,1879... .$525,936
The net profits for the quarter ending June 30, instant,
based upon official returns for April, nearly complete returns
for May, and estimating the business for Juno (reserving
amount sufficient to meet the claims of the Alantic & Pacific
Am.
Gregg
City
1877
deducting—
Sinking fund appropriations
Belize
931,324
$1,230,101
From which
June.
2—Brig Emily
$298,776
...
.
cent out of the earnings of the past six
3%
per
ble
July 1, proximo.
—The Southern Nevada Mining Company
their furnace in working order by August 1.:
a
expect to have
\
THE CHRONICLE.
i
22..4456——WBlaacchkovia
June
14, 1879.}
*
.
■
.
Liabilities.
*gbpe gatttor (!5ag7ltr.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
National Bank of Winston, N. C. Authorized capital,
$100,000; paid-in capital, $100,000. W. F. Bowman, President ;
W. A. Leinly, Cashier. • Authorized to commence business June
3
1879.
River National Bank of Lowville, N. Y.
Authorized capi¬
tal, $50,000; Paid-in capital, $50,000.
De Witt C. West,
President; Fred. S. Easton, Cashier. Authorized to commence
business June 5, 1879.
DIVIDENDS.
The following dividends have recently been
Per
Cent.
Name of Company.
Railroads.
Central of Georgia
Eastern (N. H.)
1
O
(quar.)
4
4
5
Banks.
Continental National
Miscellaneous.
American Express
Western Union Tel. (quar.)
Also 17 per
The
Books Closed.
(Days inclusive.)
July
3*2 July
Philadelphia Wil. & Balt
*
When
Payable.
20.
2*4
Lehigh Valley (quar.)
Morris & Essex
N. Y. Cent. & H. River
New York & Harlem
N. Y. N. H. & Hart
announced:
$2 50, June
July
July
July
July
3*2 July
$2
July
*1% July
15.
1. June 14
15. June 16
1. June 14
1. June 10
1.
to July 1.
to June 19.
July 2.
July 1.
to
to
1. June 21 to June 31.
1. June 15 to July 1.
15. June 21 to July 15.
FRIDAY, JUNE 13, 1879-5 P. M.
Market and Financial Situation.—The
and the past week
has evolved no feature of special interest in the financial
markets.
The declaration at last of the long talked of scrip
dividend on Western Union Telegraph, marks another step in
the present era of buoyancy, and puts large profits into the pock¬
ets of those who purchased in the nineties or lower.
The great
profits, however, of the stock operations of the present year will
be (or have been) made in the purchase of heavy blocks of lowpriced stocks or bonds which are galvanized into life by a com¬
bination among capitalists or by a lease to or a guarantee by another
substantial corporation, as the case may be. Each period of ac¬
tivity in Wall street has its peculiar basis of operations founded
on the possibilities of the situation.
In 1863-6 petroleum was
the magic word ; in 1868, and for several years after, the key¬
note was “ scrip dividends/’ led by the famous 80 per cent dis¬
monetary situation remains much
the
same,
tributions on New York Central. In 1876-7 “ sell short ” was the
order of the day, which enriched a few at the cost of the many ;
and in 1879 the point for large profits is “ resuscitate a bankrupt
railroad.”
It only
behooves the outside purchaser to satisfy
himself that the resurrection is likely to be a permanent one
before he invests largely 9f his hard-earned money.
The money market has been easier this week, and rates have
ranged at about 2(o3
per
cent on governments aaad 2£@4 per cent
miscellaneous collaterals.
The Bank of England weekly
on
statement on Thursday showed
gain of £320,000 in specie for the week, and the reserve was
54/4 per cent of liabilities, against 52 15-16 last week.
The
discount rate remains at 2 per cent.
The Bank of France lost
a
The last statement of the New York City Clearing-House banks,
issued June 7, showed an increase of $940,375 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $5,078,675, against $4,138,300 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
Loans and dis.
Specie
Circulation
..
Net deposits
.
Legal tenders.
$258,332,700
Inc .$1,059,900
18,996,700 Inc.
211,300
19.977.800 Inc.
108,400
226,963,300 Inc. 1,209,300
42.822.800 Inc. 1,031,400
1877.
June 9.
1878.
June 8.
Differ’nces fr’m
previous week.
$236,132,900 $251,673,000
16.801,200
19,979,600
202,271,800
47,816,400
»
19,441,700
16,162,000
223,738,500
55,078,100
on
April 4, 1879, and Jan. 1, 1879
Jan. 1,1879.
Resources.
Loans and discounts.
Overdrafts
United States bonds to secure circulation
United States bonds to secure deposits...
United States bonds on band
Other stocks, bonds or mortgages
Due from approved reserve agents
Due from other national banks
Due from State banks and bankers
Real estate, furniture and fixtures
Current expenses
Premiums paid
Checks and other cash items
Exchanges for Clearing House
Bills of other national banks
Fractional currency
*
Specie
Legal tender notes
United States certificates of deposit for
legal-tender notes
Five per cent redemption fund
Due from United States Treasurer
Total
:
April 4,1879.
$820,213,811 $811,378,239
3,693,954
3,275,183
347,118,300
348,487,700
66,501,350 309,348,450
44,263,250
*54,601,920
35,569,400
77,916,814
36,747,129
74,015,168
47,091,964
4,033,024
47,451,790
6,692,378
44,170,202
11,881,540
-
6,366,048
39,132,222
10,546,195
6,609,390
13,564,550
10,011,124
100,035,237
63,712,445
19,535,031
17,068,505
475,538
41,500,314
70,561,233
467,177
41,148,563
64,461,231
28,915,000
21,885,000
15,269,625
15,256,166
1,905,809
1,772,954
$1,800,592,002 $1,984,068,936
643,337,745
59,701,222
3,556,801
118,311,635
44,073,882
2,888,339
3,942,659
Due to other national banks
Due to State banks and bankers....
Notes and bills rediscounted
Bills payable
t The amount of circulation outstanding April 4, 1879, as shown
by the books of this office, was $327,217,636, which amount includes the
notes of insolvent banks, of those in voluntary liquidation, and of those
which have deposited legal-tender notes under the act of June 20, 1874,
for the purpose of retiring their circulation.
United States Bonds.—The market for governments was
quite dull until Thursday, when there was a little more anima¬
tion and prices were rather firmer. The Syndicate bankers
appear to be willing to wait for a while without selling 4 per
cents at all freely, and it is even suggested in some quarters that
they are buyers at the decline. An interesting official statement
has been issued of the amount of bonds of each class on deposit
with the Treasurer of the United States as security for bank cir¬
culation.
The following shows the amount of called bonds and
other bonds, so held on June 1, 1879, and Nov. 1, 1878:
Sixes (5-20)
Fives (10-40)
$81,451,150
“
$49,198,200
$32,252,950
$55,534,300 Decrease $949,200
116,514,450
“
9,412,300
33,754,050
15,643,200
“
114,456,850 Increase 83,891,550
$56,483,500
125,926,750
Sixes 1881
Fives 1881
Fours-aud-a-half
Fours
Bonds not
$929,800 Decrease $9,832,500
39,365,700
31,323,150
“
70,688,850
Total called bonds..
49,397,250
30,566,31)0'
1880
1880
1881
1881
1881
1881
41*8,1891
4*28,1891
4s, 1907
4s, 1907
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
6s, cur’cy,
*
“
called....$262,373,800 $320,259,650
Closing prices at the N. Y. Board have
6s,
6s,
6s,
6s,
5s,
5s,
Changes.
1,1878. June 1, 1879.
$10,762,300
Interest
June
Period.
7.
reg. J. & J.
coup. J. & J.
reg. J. & J.
coup. J. & J.
reg. Q.-Feb.
coup. Q.-Feb.
reg. Q.-Mar.
coup. Q.-Mar.
reg. Q.-Jan.
coup. Q.-Jan.
1895..reg. J. & J.
1896..reg. J. & J.
1897..reg. J. & J.
1898..reg. J. & J.
1899..reg. J. & J.
This is the price bid; no
June
9
June
10.
June
11.
Including $89,370 U. S. refunding certificates.
June
12.
1037e 104 *1037s *10378 *10378
*107
*10678 *10678
*10678 *107
1043s 104*2 104*2 *104*2 104*2
107*2 *10738 *10738 107*2 *107*2
1037s 103% 103% *1035s 1035s
*10338 103% *1035s 1035s *103*2
*10638 106*2 1063q *106*8 *106
*10638 *10638 -106*4 *106*8 *106
101% 101% *101% 101% *101*2
*10258 102% 102 7s 1025s 102*2
*121
*121
*121
*121
*121*4 *121*4 ’121*4
*121*2 *121 *2 *121 *2
*121% -121% *121%
*122
*122
*122
*121
June
13.
*10376
*1067e
*10438
107*2
1035r
103%
106*8
*106
1015s
1025a
*121
*121*4 *121*4 *121*4
*121*2 *121*2 *121*2
*122
*121% *121%
*122*2 *122*2 *122
sale was made at the Board.
The range in prices since January 1,
of each class of bonds outstanding
follows:
Range since Jan. 1,1879.
Lowest.
6s, 1880-1.. cp.
fis, 5-20s,’67.ep.
6s, 5-20s,’6R.op.
5s, 10-40s
cp.
5s,fund.,’81.cp.
4*28, 1891 ..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
$57,888,850
been as follows:
1879, and the amount
June 1, 1879, were as
Amount June 1,1879.
Registered.
Highest.
105% Mch. 22 107*2 May 21 $202,440,900
..
x03*2 May 1 107*2 Jan.
104
Mch. 21 108
May
x99
Apr. 1 103*2 May
May
119*j» Jan. 4 128
*
This amount does not include the
icates outstanding on June 1.
15
21
21
31
Coupon.
$80,295,450
31,211,300
6,790,800
19,100,200
14,127,100
48,263,150
135,702,050
263,365,600 245,074,750
84,229,350
165,770,650
398,714,050 *228,620,750
64,623,512
$28,723,660 of Refunding Certif¬
weeks past and
Closing prices of securities in London for three
since Jan. 1, 1879, were as follows:
the range
May
30.
Range since Jan. 1,1879.
Lowest.
Highest.
105% 105% 105*2 x05*4 Apr. 25 109% Jan. 4
May 2
108% 108*2 108*4 106*2 Mch. 24 110
Mch. 26 1051* May 22
105*4 105
x0378 101
U. S. 5s of 1881
U. S. 4*28 of 1891
U. S. 4s of 1907
State and
June June
13.
6.
some activity in
prices to-day have recovered to 421 on the
RailroadBonds.—There has been
Louisiana consols, and
prospect that the iniquitous majority report in the constitutional
convention may be defeated. Virginia bonds have been in
demand from parties at home, and the certificates for new bonds
to be issued under the act of 1879, have sold here at 51.
Ala¬
bama bonds are firmer.
Railroad bonds have been very active and strong on many of
the issues, and purchases have been made in large blocks.
Rome Watertown & Ogdensb. consols, Missouri Kansas & Texas
firsts and seconds, Erie 2d consols, and some other bonds,
have been actively dealt in.
The inside information possessed
by the directors of the two
been of immense
companies first named must have
advantage to them in the late rise,
and the out¬
side buyers or sellers, who have operated without knowledge,
have had little chance to make profits, with any similar degree
of certainty.
*
#
*
114,278,150
41,357,943
1304,467,139
352,452
2,158,516
598,822,694
303,463,505
2,689,189
110,481,176
43,709,770
2,224,491
4,452,544
$1,800,592,002 $1,984,068,936
Total
The following is an abstract of reports made to the Comp¬
troller of the Currency, showing the condition of the national
banks of the United States, including national gold banks, at
the close of business
36,836,269
303,506,470
386,603
5,818,113
Deposits of U. S. disbursing officers
1,333,000 francs.
1879.
June 7.
116,200,863
Other undivided profits
National bank notes outstanding...
State bank notes outstanding
Dividends unpaid
Individual deposits
United States deposits
Nov.
cent in stock.
Money
Jan. 1,1879. April 4,1879
$462,031,396 $455,611,362
Capital stock paid in
Surplus fund
The
following securities were sold at
auction
:
591
THE CHRONICLE
Shares.
80 Union Nat. Bank
Bonds.
141
6 Metrop. Gaslight Co
10 Merchants’ Ins. Co
150 Peter Cooper Fire
Co
The
$57,000 State of N. C. special
128
153
Ins.
203*2®20l
20 Broadway Ins. Co
209
40 Imp. & Trad. Ids. Co
105*2
50 Continental Ins. Co
170
20 Metrop. Nat. Bank
125
12 7th Ward Nat. B’k of N.Y. 76*2
83 Mech. & Traders’ Nat.
Bank
60*2@60
14 Bank of the State of N. Y.102*2
133 Brooklyn City RR
137*2
109 N. Y. Gaslight Co
97*4
100 Manhattan Gaslight Co.. 170
Bonds.
$10,000 N. Y. City 7 p. c. cons,
stock, due Nov. 1, 1892,
119*2 and int.
Saturday.
l7s
do
33s
Montclair & Greenwood
Lake RR., assessment paid 12*2
5,000 N. Y. City 7 p. c. stock,
due May 1, 1884, 109 and
Tlo
do
*78
2d series..
Dist. of Columbia, 3-65s
*
This is the price bid;
Railroad and
has been
Range since Jan. 1. 1879.
Lowest.
Highest.
43
Jan.
6
42*2 38 3* June 2 69
*107*2 *1073* 103% Mch. 5 1073* JunelO
18
Feb.
8 25*4 June 6
25*4 *25
34
35*6 *34
Apr. 26 42 Feb. 13
Virginia 6s, consol
*39*4
873g
*78
*39
87*2
no sale was made
miscellaneous
fairly active, and,
41% Apr. 29
79*2 Jan.
3
44
Mch. 28
88^8 May 23
at the Board.
stocK«.—The stock market
the whole, pretty strong. The
the scrip dividend of 17 per cent on
Western Union Telegraph, and the announcement of this natu¬
rally gave strength to the whole market. The Northwestern
stocks were also very strong, the preferred getting now
pretty
close to par, and these advances have tended to
strengthen the
whole market.
Union Pacific sold up to 79, and one of the best
rumors of the year was made
upon this, viz., that Mr. Vander¬
great point of the week
upon
was
bilt was buying in.
{Stranger things, however, have happened,
and the street has lately witnessed the truth of the fact that
stock negotiations as well as politics sometimes make
strange
bedfellows.
Railroad earnings for May, as reported on another
page, are fair, but do not show any important advance over the
earnings of the same month last year. The trunk-line officers
have passed a resolution to advance east-bound
freights five
merits per 100 pounds, on grain and fourth-class, after June 23.
Total sales of the week in leading stocks were as follows.
West’n
St.
Paul.
U11. Tel.
June
“
“
“
“
“
7
9
10
11
12
13
.
' 3.200
25,014
9,620
Facific
Mail.
15,300
10,100
33,740
14,400
18.210
5,470
11,400
40,330
34,435
11,060
5,800
4,200
1,860
9.985
13,550
7,050
16,525
20,540
3,750
North¬
west.
26,468
22,200
Del. L.
Si West.
22,600
3,800
7,500
Lake,
Erie.
Shore.
10,225
12.900
30,645
3,100
12.670
3,000
6,300
5,335
8,204
19,325
20,600
6.600
21.900
11,395
13,200
‘
Total.
58,619 87,415 175,383 42,790 80,125 76,870 62,304
Whole stock. 350,849 154,042 149,888 200,000 524,000 771,077 494,665
..
The total number of shares of stock
outstanding is given in the
last line for ^he purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below
The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
/—Latest earnings reported.—s
-Jan. 1 to latest date.->
Week or Mo.
1879
1878.
Ala. Gt. Southern.March
$33,152 $28,748
Atoll. Top. Si 8. F.4tliwkMay 160,500
70,170
Atl. & Gt. West.. .April
327,790
281,654
Atlantic Miss.& O. April
118,1 J 3
126,931
Bur. C. Rap. & N.lst wk J’no
21,725
27,200
Burl. & Mo.R.inN April
154,154
146,362
Cairo & St. Louis.4th wkMay
4,765
6.341
Central Pacific...May
1,541,000 1,590,889
Chicago Si Alton. .4th wkMay
124,211
98,633
Chic. Burl. & Q...April
1,018,755 1.118,736
Chic. & East. Ill..4th wkMay
18,949
17,789
Chic. Mil. & St. P.lst wk J’ne 195,000
147,294
Chic.&NorthweRt.May
~
Chic. St. P. Si M..4tli
Clev. Mt. V. Si D..4th
1,434,960 1,471,545
wkMay
33,858
26,986
wkMay
Southern.April
Dubuque* S.City.4th wkMay
Dakota
Gal. Har. * S. Au.March
Gal. Houst. Si H..May
Grand Trunk.Wk.ena.May 31
Gr't Western. Wk.end.May 30
Hannibal Si St. Jo. 4th wkMay
Houst. & Tex. C. .April
Illinois Ccu. (Ill.)..May
do
(Iowa).May
Indianap. Bl. &W. 1st wk Apr
Int. & Gt. North..4th wkMay
12.892
10.127
17,164
19,777
22,137
8*,801
22,697
19,921
106,619
30,459
145,838
74,631
43.553
158,318
433,190
127,569
22,837
30,955
Kansas Pacific.. .1st wk J’ne
86,435
Mo. Kans. * Tex .1st wk J’ne
49.561
Mobile & Ohio ...May
116,971
Nashv. Ch.& St.L. April
128,506
N. Y. L. Erie & W. March
1,356,780
Pad.& Elizabetht.4th wkMay
6,657
Pad. & Mem phis.. 3d wk May
2,424
&
Phila.
Erie
April...... 215,607
Phila. & Reading. April
1,142,«84
8t.L.A.&T.H. (brs)4th wkMay
9,650
St. L. Iron Mt. * S. 1st wk J’ne
65,800
St. L. K. C. * No..4tli wkMay
54,861
St. L.&Smitheast.3d wk
May
24,741
lstwkj’ne
53.383
25,578
28,146
42,982
24,122
74,392
St. Paul <&; 8. City. April
Scioto Valley
May
Sioux City*St. P. April
Southern Minn.. April
Tol.PeorU& War. 1st wk J’ne
Wabaah
pref.
Chic. R. I. & P.
Clev. C. C.&I.
Clev.«kP.,guar
Col. Chic.&I.C.
Del.& H. Canal
Del.Lack.&W.
Erie
do pref
Han. & St. Jo.
149.297
78,766
44,339
143,077
465,272
143.255
28,903
27,510
1879.
$100,187
2,372,974
482,260
570,846
562,289
89,948
6,404 129
1,732.972
4,177,968
1878.
$98,633
1,259,096
516,508
714,242
498,737
88,674
6,440.253
1,644,439
4,245,185
3,431,000
5,568,840
414,851
148,557
3,766,820
5.986,064
71,742
68,6S2
414,765
325,094
189,235
3,574.083
1,746,440
750,580
873,325
2,070,226
559,940
286,932
361,986
149,840
147,914
3,735,491
1.946,081
694,624
672,103
348,883
596.595
58.9-0
508,937
1,651,342
1.259.032
47,189
1,070,481
103,731
128,469
754,991
593,315
1,095,434
1,147,208
3,711,344
8,250
4,812
108,312
3,572,638
130,020
215,090
57,775
878,131
804,604
991,028
10.633
4,019.106
213,369
2,885.752
72,900
1,713,561
1,687,368
1,304,442
64,454
21,357
1.328,511
418,591
845,593
605.303
79.958
186,810
49,579
192.167
415.040
180.248
24,289
28,974
116,777
100,979
89,981
59.823
162.397
509.165
558,090
1,733,250
1,966.935
21,935
80,117
116,544
238.590
55%
57
52%
5154
83
52%
83
116
51% 51%
90% 90%
64% 64%
9454 95% 95%
139% 139% 139
48?i 49% 49%
96%
5154
91
64%
96%
13954
51%
96%
56%
51%
82%
11554
51%
90%
64%
96%
139%
51%
96%
7
follows:
Wednes., Thursd’y,
June 10.
57
83
*115
90
63
Tuesday,
9.
June 11.
Friday,
June 12.
June 13.
56
56
57
5654 565
52% 51% 52
50% 51£
83
82% 82% 81% 81%
115 115% 115% 115% 115%
52!
51% 52%
52% 53%
91!
91% 9154 91
66% 65% 66% 66%
97% 96% 97% 97
13954 139 139
13854
51% 5054 50% 50%
96%
97% 96% 97
92
67%
98%
139% 138% 13t
51
97
59% 50}
96% —
654
6%
48% 4854
59
5954
27% 28%
51% 5154
21% 22%
42% 42%
*86% 86%
7
47% 48%
58%
59
Illinois Cent..
Kansas Pacific
Lake Shore....
75%
Mich. Central.
7754
Mo. Kans. & T.
14
13%
Mor. & Essex..
93
92% 921
N.Y.C.& H. R.
119% 119
11954
Ohio & Miss... 15% 15% 15
15%
15%
Pacific Mail... 16% 17
16
1654 15% 16%
Panama
149
149
149
149
Pitts.F.W.& C. 109
109% ilO 110" 110 110
St.L&I.M.assn 25% 2654 26% 27% 26% 2654
St. L. K.C.&N.
1454 14%
...
57
75% 75%
76% 77%
11% 1254
x89% 8954
119% 119%
15
15%
15% 16%
*liS
150
59
75%
76%
12%
8854
7654
77%
13%
89%
120
120%
15% 15% 15% 15%
15% 16% 1554 16$
149
149
*....
150
110% 110% ♦10954
*09% 1!0%
26
25% 26% 26
26% 26%
14
14% 1454 14
13% i4i
do
pref.
4054 405 40% 4054 40% 40
38% 40
St.L.& S. Fran,
9% 9%
854
9
do
pref.
10*
10% 11% 10
9% 9%
do 1st prf.
22
22% 22%
22% 2154 22%
Sutro Tunnel.
*....
4%
4%
4%
4%
'4% 4%
4%
Union Pacific.
75
75% 75
75% 75% 77
77% 79
Wabash
35% 36% 36% 38
36% 37% 37
37%
36% 87%
West. Un. Tel. 113% 11354 113% 115% 114% 115% 114% 116
114% 115. 114% 114%
* These are tlia
prices bid ana asked; no sale was made at the Board.
Total sales this week, and the range
since Jan. 1, 1879, were as follows:
Canada Southern....
Central of N. J
Lowest.
1,310
33,2 L4
1,130
Chicago & Alton
Chic. Burl.& Quincy.
Chic. Mil. &St. P..
do
do pref.
45*4 Jan.
33*2 Jan.
75
Mch.
420
111*6 Jan.
3438 Jan.
87,415
22,662
743* Jan.
..
Chicago & Northw... 175,383
do
do pref.
Ohio. Rock Isl. & Pac.
Clev. Col. Cin. <fc Ind.
Clev. & Pittsb., guar.
Col. Chic.& Ind. Cent
Del. & Hudson Caual
Del. Lack. & Western
Erie
40,776
2,161
2,767
do pref
Hannibal & St. Jo.
do
do pref.
5,670
13,220
4958 Jan.
76% Jan.
119
Jan.
343* Jan.
84% Jan.
1,021
1,550
5
38
8.097
80.125
Jan.
Jan.
Jan.
43
76,870
..
21*8 Jan.
37*2 Jan.
13*4 J»n.
34
Jan.
4,600
79*4 Mch.
1,180
4,767
9*8 Jan.
67
Jan.
62,304
73% Jan.
19,590
538 Jan.
12,377
5,999
75*8 Jan.
Mch.
1,461 112
7% Jan.
5,840
42,790
1038 Jan.
Hlinois Central
Kansas Pacific
Lake Shore
Michigan Central....
Missouri Kan. & Tex
Morris & Essex
N.Y. Cent. & Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. & Chic..
St. L. I. Mt. & South.
St. L. K. C. Si North.
do
pref.
St. L.& S. Francisco.
do
pref.
do
1st pref.
Sutro Tunnel
Union Pacific
Wabash
Western Union Tel...
88
325
5,205
5,015
9,395
1,510
1,950
1,650
10,470
in prices for 1878 and
Range for
Prices since Jan. 1,1879.
Sales of
Week.
Shares.
123
101
13
7
Jan.
Jan.
Jan.
Jan.
25*2 Jan.
3*8 Jan.
27.870
4*8
93*
23s
57*2
Jan.
Jan.
Jan.
Jan.
30,070
173* Mch
58,619
943q Jan.
1878.
Highest.
Low.
High.
3
63*2 Mch. 15 38
45*«
2
52% Juno 2 13*2 45*4
3
88
Jan. 28
66% 85
7 122*4 Feb. 19 99*4 1143*
4 533* June 13
27*2 5478
4
92% June 13 64
843*
3
67*4 June 12 32*2 55*4
3
98*4 June 12 593* 79*a
8 141
May 23 9838 122
2
55
May 21 23
38*4
2 98*2 May
6 63*2 85
4
9
2*8
6%
Apr. 29
2 51% June 2 343g 5978
2
60*2 Juno 2 41
6178
4
29*4 May 5
7% 22*2
2
54
May 5 21*2 38
4
23% May 23 10
1670
10 45*2 May 23
21% 41%
Jan. 30 72% 87
26 89
21
60' Apr. 30
4
12%
6 763* June 13 55 7e 71%
2 90*4 Jan. 27 58% 75
4
2
18*4 May 15
7*8
3 93
JunelO 673g 89
24 120% June 13 1033* 115
4
63* 11*4
16% May 10
13
183* June 6 12*2 237s
2 150
131
May 20 112
4 112*2 May 21
102
85
2 30*8 May 23
5
15%
2
17*8 May 2
3*2
7%
'
O
45*4 May
19
1*2
1*2
1
8
1138 Apr. 21
21
13*2 Apr. 21
23
28*2 Apr. 19
16
47s Mch. 17
31
81
Feb. 19
13
39% May 21
7 116
June 11
26*3
4*8
5*4
113*
5*2
5
3*2
61*4 73
12*8 23 %
75*4 102
Exchange. —The market for sterling exchange ruled dull
throughout the week. The quotations have remained quite
steady, however, the posted rates for prime banners’ sterling
bills being the same as when we last wrote, except that 6G-day
bills have been marked down
To-day, business was on the
basis of 4 8?£-@4 37£ for 60-day bills, and at 4 39^@4 89£ for
demand.
In domestic bills the following were the rates of
New York at the cities named: Savannah—selling
exchange on
5-16, buying,
nominal, 3-16.
Charleston, easy, buying 3-16, selling
New
Orb ans—commercial £ premium, bank £ premium.
Chicago—
firm, buying 1-10 discount, selling 1-10 premium; and Boston,
9d. discount.
Quotations for foreign exchange are as follows :
June
762,690
2,142,717
June
as
pref.
do
Closing prices of leading State bonds for two weeks past, and
the range since Jan. 1, 1879, have been as follows:
Louisiana consols
Missouri 6s, ’89 of ’90
North Carolina 6s, old
Tennessee 6s, old
pref.
do
5,000 Purchasing Commit¬
tee’s receipt 2d mort. b’ds,
Jime
13.
Canada South. 55*8
Cent, of N. J.. 51)4
Chic. <fc Alton. 8254
Chic. Bur. & Q. *115
Chic.M.A St.P. 51
Chic. & N. W..
int.
June
6.
Monday,
June 7.
240 Metrop. Gaslight scrip. 102*2
States.
daily highest and lowest prices have been
tax 6 p. c.
bonds, dated
Apr. 1, 1809, issued to the
Atl. Tenn. & Ohio RR.,
with
coupons
attached
from April 1, 1870
5,000 Selma & Gulf RR. 1st
mort. 8 p. c. bonds, en¬
dorsed by State of Ala.,
dated April 1, 1870, with
coupons
attached from
April 1,1871
l Vojj, xxvm.
60
13.
I*rime bankers’ sterling bills
Good bankers’ and
Good commercial
on London.
prime commercial...
Paris (fraucsj
Antwerp (francs)
Swiss (francs)
(guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (rei -hmarks)
Berlin (reichmarcks)
The
following
are
X X Reichmarks.
X Guilders
@$4 89
3 83
@
3 88
4 73
3 93
@
@
4 78
4 00
Spau’k Doubloons. 15 55
©IS 80
Mex. Doubloons.. 15 50 @15 05
Fine silver bars
1 15 @1 16
Fine gold bars
par.@*4prem.
..
4.89*2®4.90
®4.89*3
4.38*2 5>4.89
4.88 @4.88*2
'4.89
@4.87
quotations in gold for various
$4 86
overeigns
Napoleons!
4.87*2®4.88
@4.87*2
4.87
4.86
4.86
@4.86*2
5.17*2®5.14%
5.17*2^5.1438
5.17*2 3>5.14%
403s @ 40*2
9533@ 95*2
953s@ 95*2
9538® 95*2
95%® 95*2
Documentary commercial
Amsterdam
Demand.
days.
Dimes & *2 dimes.
Silver *48 and *2S.
Five francs
Mexican dollars..
English silver
....
Prus. silv. thalers.
Trade dollars
New silver dollars
5.15
5.15
5.15
@5.ll78
@5.1178
@5.1178
40 %®
403*
957g® 96
95 78® 96
95 78® 96
957s® 96
coins:
98%@
— 99
@
—
—
99*4
—
99*2
—
93
@
—
95
—
92*4*
—
93
4 75
—
—
—
@4 80
68 @ — 70
98 %®— 99*4
993*® — par*
Jtob
New York
week
discounts.
$
$
New York
Manhattan Co.
Mechanics’
Merchants
Union
America
Phoenix
City
Tradesmen’s...
Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
People’s
North America..
Hanover
Irving
Metropolitan....
Citizens’
Nassau
Market
St. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
;
Marine
Importers’ & Tr..
Park
Mech. Bkg. Ass’n
Grocers’
North River
East River
Manuf’rs& Mer..
Fourth National.
Central Nat
Seqond Nation’l.
Ninth National..
First National...
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
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
300,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
450,000
412,500
700,000
1,000,000
500,000
8.372,000
5.978.900
6.841.400
7.235.600
4.314.400
8.878,000
2,355,000
7.387.700
2,957,000
1.553.900
11.761.300
3.339.100
3.548.400
1,307,200
1,130,000
803.600
2.639.400
897,800
2.390.400
11,961,000
14.299.200
5.940.500
3,137,000
2.143.800
$
537.600
172.200
494,000
571.600
296.600
550,700
291,000
1,078,000
240.300
206.400
1,564,200
203.400
56,800
175.600
52,000
1,126,000
1,544,000
363.400
370.300
65.400
107.600
101,800
1.854.800
83,000
534.200
120,800
5.831.200
2.164.800
12,492,000
1.508.900
600,000
1.999.800
1,000,000
2.243.100
500,000
761,700
500,000
500,000 ",358,000
3.752.200
1,000,0 0
4.591.800
1,000,000
1.408.700
300,000
2,448,000
400,000
1,500,000 16,110,900
2,000,000 12,112,800
597.900
500,000
300.000
547.600
721,200
240,000
763.900
250,000
366,000
100,000
3,200,000 15,515,600
7,582,00('
2,000,000
300,000
2,469,000
••
3.732.900
7.394.300
6.342.600
1,307,000
1.176.700
1.195.400
2.092,200
3.137.500
50.400
Net dep’ts
other
Legal
$
1,688,000
697.200
904.300
841.600
580.600
840.800
184,000
930,000
237,000
296.300
2,576,000
512.700
402.800
1,011,000
1.631,000
590.800
289.200
637.200
390.800
688.900
121.600
283,000
938.500
40.900
36,000
1,010,500
764,700
768,200
539,000
076,600
980,000
772.100
1 965,800
851.700
2 024,600
8 491,000
8019.900
3 828,200
254,700
198,000
2,700
430,300
30,400
45,000
173,000
1,606,800
890.800
179.800
242,100
1.934.900
810,500
394,300
5,400
3.170,000
1,142,600
1,715,100
5 873.000
270,000
213.800
2,073,300
8,909,000 2,243,000
l]684,400
327.100
199.400
245.800
798,700
1706,400
341,100
543,000
329,000
1,066,500
3,363,000
2,679,0°o
450,000
445,000
4,700
4
781,400
504,000
3.834,300
2,304,000
1:201,300
104.300
120.900
135.300
96,100
93,200
’
3,751,000
17
703,800
14:§86,900
-
15,014,000
355,000
1,089,300
525,000
307,000
oio,3oo
543.700
739,500
612,000
412.100
143,000
1,039,900
0,510,000 1,449,000
269,000
2,530.000
580,200
3,560,000
45,000
9,065,000
0,248,500
799,000
1.199,000
493,000
514.700
2.114.400
765.400
139.900
823,800
913.700
251,000
365.400
268,300
223,100
180,000
1.293.500
1,840,200
1,964,300
251.300
553.900
133,900
67,400
406,000
l^OS.loo
1^0,000
3.273.400
3,900
l
324.500
48.900
,7,300
45,600
86.400
1,000
1,119,100
448,000
175,000
312.200
1,328,800
885,000
61.900
25,000
1,100
260,000
531,500
2
412,000
389,000
400
77,400
44,500
131,000
1'888,300
2.712.500
270,000
60,875,200 258,332,700 18,996,700 42,822,800 2-26,963,300 19,977.800
Total
The deviations from returns of previous
Loans and discounts
Inc., f1,059,900
Specie
-Legal tenders
Inc..
Inc..
211,300
1,031,400
Jan. 11...
Jan. 18...
..52
Jan.
1...
Feb.
Feb. 8...
..51
Feb.
..12
Feb.
Mar. 1...
Mar. 8...
Mar. 15..
Mar. 22...
Mar. 29...
Apr. 5...
Apr. 12...
Apr. 19...
Apr. 26...
Loans.
*
Specie.
248.634.300
246.593.100
245.108.400
244.511.800
240.224.200
237,045,500
234.917.700
236.438.400
239.815.500
238,047,200
235.974.100
235.824.400
13.991.100
15.547.800
19.860.500
24.144.100
26.373.200
25.405.400
23.414.400
22.967.400
20.169.700
20.882.900
20.911.500
20.514.100
234,250,000
230,682,000
233.168.400
2:34,410,200
238.241.400
242.280.200
244.186.500
244,007,000
20.986.200
246.716.900
247.674.200
240.324.500
243.839.800
240.458.500
235.836.600
230.442.900
231.151.300
231,096,900
May 3...
May 10...
..71
May
..42
May
..13
May
June 7...
239.357.800
242.941.600
253.838.500
257.636.500
257.272.800
258.332.700
are as
follows:
Inc
Inc
..
...
..
|1,209,300
108,400
—
PHILADELPHIA.
STATE AND
CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp
do
5s, cur., reg
do
5s, new, reg., 1892-1902 113
do
68,10-15, reg., l-*77-’82. 102
do
6s, 15-25, reg., l882-’92. 110
do
6s. In. Plane, reg.,1379
113%
Philadelphia, 5s reg
do
6s, old, reg...
do 68,n.t rg., prior to’95
do 6s,n., rg.,1895* over 118
Allegheny County 5s, coup...
Allegheny City 7s, reg
Pittsburg 4s, coup., 1913..
do
5s, reg. & cp., 1913.
do
6s, gold, reg
pref
do
do
Catawlssa
do
pref.....
do
new pref
Delaware & Bound Brook....
East Pennsylvania
Elmira *
Williamsport
do
pref..
Mt. Joy & Lancaster.
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill
do
Har P.
Mlnehlll
Nesquehoning Valley
Norristown
Northern Pacific
pref
do
North
Pennsylvania
series of weeks past
L. Tenders.
$
42,050,800
40.729.100
39.962.500
40,219,000
39.155.400
39.938.200
40.588.200
41.275.700
39,961,000
40.478.500
39,000,000
40,707,000
41.832.600
18.902.400 45,055,400
17,344,000 49.965.800
17.431.700 53.599.600
18.633.300 54,048,800
Deposits. Circulation. Agg. Clea
$
$
210,041,200
208.144.600
211,096,700
215.443.400
210.737.600
209.752.100
207,184,800
206.797.200
207,058,600
206.134.400
203.625.600
203.209.700
$
ii4%
118
100
19.593.100
424,149,900
482,291,920
392,878,293
488,571,553
19.905.400 408,903,425
19.909.400 460.572.737
19.961.900 404,037,742
20,007,000 368,238,659
20,058,200 436,095,221
20.141.600 380,741,510
20,077,000 421,244,872
19.570.700 325,696,134
19.601.200
19.889.700
19,904,300
48
12%
44
41 %
90
30
46
30 %
3
200,173,000 19.848.800
206.482.200 19,785,000
211.590.600 19.707.600
214.981.200 19.617.600
219.219.200 19,486,000
219.387.300 19.427.100
217.271.200 19.398.800
216.332.600 19.335.900
213.429.700 19.232.400
213.293.100 19,230,000
210.563.300 19.335.200
206.591.400 19.290.900
198.945.600 19.512.100
193.121.700 19,635,500
195.303.700 19.696.100
200,255,000 19.721.200
204.514.200 19.707.600
17.849.300 51,1:45,400
18,059,500 43.334.800
17.931.300 45,377,000
16.450.500 42,051,800
16.945.200 40.593.800
17.312.400 39.173.400
18.803.700 30,972.000
18.446.800 34.268.900
18,365,000 31.815.800
18.903.900 36.145.400
18.875.600 40.672.100
18.228.100 45.224.500
18.510.200 49.440.500 214.331.700
18.745.600 53.576.700 224.937.200
18.763.900 49.150.900 230.424.700
18.802.400 43.284.900 227,345,000
18.785.400 41.791.400 225,754,000
18.996.700 42.822.800 226.903.300
411,598,790
424,413,225
480,222,549
507,331,749
611,874,082
493,410,515
452,720,433
434,908,904
516,297,775
501,321,270
400,417,429
413.892.738
399.872.657
461.180.657
423,259,559
487,843,450
503,108,030
546,798,625
19.683.100
19,688,000
591,290,770
598,236,201
529,996,930
439,7 0,395
19.685.400
19,856,000
19.869.400
19.977.800
472,828,088
do
do
chat, m., 10s,’88
new
39%
46
54
54
103
56
55
03
14%
44%
14*
45
47
4H
• • •
9%
*0*
1900-1904
Chartiers Val., 1st m. 7s,C.,190:
Connecting 6s,
Delaware mort., 6s, various..
Del. & Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, ’88
7s, ’80.
Hanisburg 1st mor* 6s* ’83.
H. & B. T. 1st m. 7s, gold, ’90.
do
2d m. 7s, gold,’95.
3d m. cons. 7s, '95*
Ithaca* Athens 1st g d, 7s.,’Si)
do
113%
103
109
Maryland 6s, defense, J.& J.x 107%
do
6s, exempt, 1887...x llu
do
6s, 1890, quarterly.x
do
5s, quarterly......x
Baltimore 6s, 1 S31, quart....x
do
6s,;886, J.&J
x
do
6s, 1890, quarterly...
do
6s, park, 1890, Q.—M.
do
6s, 1893, M.& S ....
do
BAILBOAD STOCKS.
J
!ioe
104% I..
111%' 113
.
114
102
114%
Bid. Ask.
8BOUBITIE8.
BOSTON.
Maine 6s
New Hampshire
Vermont 6s
...
..
Boston 6s, currency
do
5s, gold
Chicago sewerage 7s
....
....
...
....
Municipal 7b
do
Portland 6s
Atch. & Tcpeka 1st m.7s
do
land grant 7s
do
2d 7s
do
land Inc. 8s..
Boston « Albany 7s
do
* 6s
Boston & Lowell 7s
Boston & Low ell 6s
Boston & Maine 7s
Boston & Providence 7*.
Burl. & Mo., land erant 7s....
do
Neb. 6s
Neb. 8s, 1883 ...
do
Conn. & Passumpslc. If , 1897.
Eastern, Mass., 3>j8, new. ...
.
....
113% 114%
113u, 114
115% 115%
3 OH
120
109
111%
Kan.
do
Old Colony, 7b
■74% '74%
114%
‘05%
119
106
STOCKS.
Atchison & Topeka
Boston & Albany
Boston & Lowel1
Boston & Malue
113
135
i'12%
114%
135%
6y
113
114%
127
127%
40% ~41
7%
7%
Concord
142
143
.Connecticut River
'
43
IConn. & Passuuipslc
Eastern (Mass.).
15% 15%
Eastern (New Hampshire)...
Kan. City Top. A Western...
Manchester * Lawrence....
U7
118
112
1 7
...
116
.17
117
116
120
117
Par
Balt.* Ohio
llXli 07% 109
do
Wash. Branch. 100 1 40
do
Parkersb’g Br..5(l
3
5
Northern Central..
50 17
18
Western Maryland
Central Ohio
5C,
5(
Pittsburg & Connellsvllle..50
BAILBOAD
5
30%
34%
5
BONDS.
Balt. & Ohio 6s, 1880, J.&J....
do
6s, 1885, A.&O.
N. W. Va. 3d m..guar.,’85,J*J
Pitt8b.& Connell8v.'i8,’98,J feJ
Northern Central 6s, ’85, .»&J
do
6s. 1900. A.&0,
do 6s, gla, 1900, J.&J.
Cen. Ohio 6s, 1st m.,’90.M.& 8
W. Md. 6s, 1st m.f gr.,’90,J.&J
do
1st m., 8$, J. & J...
2d m.,guar., J. A J
do
do
2d m., pref
do 2d m.,gr. by W.Co.J&J
do 68,3dm..
6s. 3d in., gi
guar., J.& J.
Mar. & Cln. 7s, ’92, F. & A
do
2d, M. * N
do
8s, 3d, J. & J..f...
Union RR. Ist, guar., J. & J.
Canton endorsed.
do
104
109
105
109% 111
108% 110%
107
104%
107
115
1*;3
115
109
106
108
91
108
116
89
37%
14%
9 1
38
15
1 !0
no
102%
101
People’s Gas
CINCINNATI.
13%
103
14
t 100
t 108
Cincinnati 6s
do
7s.
109
t 115
South. RR. 7-30s.t 113% 1*14
do
6s, gold i 103
103%
7*30s
do
do
do
Hamilton
Co., O., 6s. long., .t 100
102
7s, 1 to 5 yrs..+ 101
do
7 & 7-30s, long.* 108
no
Cln.* Cov. Bridge st’k, pref. 100
Cin. Ham. * D. 1st m. 7s, ’8U + 100% ioi
do "
2d m. 7s, ’a5 f 100
do
111
109
113% 114
111
rO
1C6
110
4b
Cin. Ham. & Ind., 7s, guar
Cln. & Indiana ist m. 7s...
do
2d m. 7s,
Colum. & Xenia, 1st m. 7s,
55
102% 105
’90
85
104
i‘06
Dayton & Mich. 1st m. 7s, ’8i+ 101% 102
110
50
do
do
2dm.7s.’84.t 100
3d m. 7s, ’88+ 95
Dayton* West.lstm.,’8i...*
do
ist m., 1905.t
100
90
do
1st m.fs, ’.90. tesS
Ind. Cln. & Laf. 1st m.7s.
do
(I.&C.) 1st m.7s,’8t+ 102
90
..
Junction 1st mort. 6s ’82
do
2d mort. 6s, I960
...
Little Miami 6s, ’83 —
+ 100% ioi
Sup. & Miss., 1st m., 7s g.*
Cln. Ham. & Dayton stock.
27%
113%
Lehigh
6
Valley, lst,6s,cp., 1898
Columbus & Xenia stock
110
do
do reg., 1893... 111% 115%
25
Dayton & Michigan stock...
do 21 m. 7s, reg., 1910.. 121
122%
8. p.c. st’k,guar 100
do
do
con. m., 6s,rg.,1923 105% 1U0
Little Miami stock
105
106
do
6s, p.,iy 3
do
LOUISVILLE.
Little Schuylkill, 1st m. 7s.V2
Louisville7s...;
t 103
111
North. Penn. 1st m. 6s, cp.,’85. 110
do
6s,’82 to’87
+
119
do
2d m. 7s, cp.. '96. 118
do
+
6s, ’97 to ’9*
do gen. m. 7s, cp., 1903
water 6s,’87 to ’89 +
do
do gen. m. 7s, reg., 1903 115% 116%
stock
water
6s,’97.+
do
t*3
Oil Creek 1st m. 7s, coup.,’81.
wharf 6s
..+
do
31
rlttsb. Titusv. & B.,7s, cp.,’96 28
do
spec’l tax 6s of ’89.+ 100%
do
scrip....
LouLvllle Water 6s. Co. 190? + 105%
118% iiV%
Pa.& N.Y.C. & RR. 7s, • 89d
Jeff. M.&l.lstm. (l&M) 7b,’8it
Pennsylv., 1st m., 6s, cp., ’80.. 105% 107%
do
2dm., 7s
106% 107
115%
do*
gen. m. 6s,cp..l9i0.
do
1st in.,7s, 1906. ..+ 112
112%
do
een. m 6s, t g., 1910. 115% 116
110
110%
Loulsv.C.ALex.
1st
in.7s,’97*
110
do
cons.m 6-, rg., 1905 LU8
101
101%
Louis.*
Fr’k.,Louisv.ln,6s,’8
110
do
cons.m. 6s. cp., 1905. 109
Louisv. & Nashville—
do
Navy Yard 68, rg,’dli.
Leb. Br. 6s, ’86
+ 101
101%
Pe n.
o ,6s. reg
I.
102
1st m. Leb. Br. Ex.,7s,’80-85.
85.+ 101
Perklomen 1st m.6s,coup.,’9? ....
Lou. In.
102
do
6s, ’93 .+|10i
Phila. & Erie ist m. 6s, cp.,’81. 105% 107
Jefferson Mad. & Ind stock. 103% 104
do
2d m 7s,cp.,’98.
LOUIS.
ST.
Phila. & Read. 1st m. 6s, ’43-’44
105%
St. Louis 6s, long
f 104%
do
dj
M8-.49
water bs, gold
do
+ 105%
117
2dm., 7s, p., S:'
118%
do
do do
new.+ 100
do
do
deben., cp.,’fi>f
do
85
bridge appr., g.6s + 106%
do
do
cps. ot.
do
renewal, gold, 6«.+ 105%]
69% 70
do
scrip, 1832.
ao
sewer, g. 6s, ’9:-2-3.+ 105%
do
J.n. m. 7s, cp,1896 07-* 70
St. Louis Co. new park, g.6s.+ 107
do cons. m. 7s, cp.,l9ii.. 110%
cur. 7s
78
f 106
do
do cons. m. 7s, rg.,1911.. 111% 112
jqo%
iooff
...
Vermont*Mass. RK.,6s
Fitchburg....,
7s, Inc
36
98
Rutland 8s,let mort
Vermont & Canada, new 8s..
Burlington & Mo. In Neb...
'Cheshire preferred
Chic. Clinton Dub. & Min....
110% Cln. Sandusky & Clev.... ..
105% 100
97
....
do
0s
Omaha & S. Western,8s ....
Pueblo & Ark. Valley, 7s
118% 119
7s
City Top. & YV., 7s, 1st
do
.
Boston & Providence
Fitchburg liR., 6s
do
35%
Ts.
New Eng. 7s .. 105% 106%
Ogdensburg & Lake Ch.Ss...
New York &
6s
Bid. Ask.
SECURITIES.
Hartford & Erie 7s. new
Ka-L City. 8t. Jo.&O. B.
x
110
...
POTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
110
MISCELLANEOUS.
102% 10 9
105
103%
94%
no
93
17
100
6s,exempt,’9S.M.&S 118
Baltimore Gas certificates..
35
..
78 19<U)
E1.& W’msport, 1st m.,
do
5s, perp
m., 6s,'reg.,'84 107
mort. RR., rg.,’97 108
m. couv. g., r* g..'a4 102
mort. gold, ’97
Lu3
cons. m.7s, rg.,19l!
94
Morris, boat loan, reg., 1880.
•••
do
do
do
do
do
1900, J.&J
8%
do
1902, J.&J
39%
Norfolk
water,
8s.
46%
,
..
95
110
100
4
Susquehanna
Allegheny Val.,7 3-10s, 1896...
do
7b, E. ext., 1910
do
inc. 7s, end.,’91.
Belvidere Dela. 1st m.,6s,1902.
do
2d m. 6s. *8a..
do
3dm. 68,’37..
Camden AAmboy 6s,coup,’83
do
6s, coup.,’89
do
mort. 6s, ’89.
Cam. * Atl. 1st m. 7s, g., 1903
do
2i m., 7s, cur., 1879
Cam. & Burlington Co. 6s,’97.
Catawlssa 1st, 7s, conv., ’»2...
’84
118
100
100
'
railroad bonds.
82
BALTIMORE.
41
47
11
42
41
um 25%
pref...
’is
.
•
135
do
99
82%
75
75%
Schuylk. Nav.lst rn.6s.rg.,’97. 100 103
do
2d m. 6s, reg., IMT 7-)% 75%
do 68, boat&car,rg.,l9:9 60
do 7s, boat*car.rg.,l9 5 73
75
Susquehanna 6s, coup., .9.8 .*
consol, pref....
Pennsylvania
Schuylkill Navigation
.
Pennsylvania 6s, coup., ’.910..
West Jersey..
Morns
do
pref
..
.
Lehigh Navlga.
•
Chesapeuke * Delaware
Delaware Division
Lehigh Navigation
98
77
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78
37% 37%
Pennsylvania
10
10%
Philadelphia* Erie
20% 20%
Pnlladeiphla & Read ng
143.i 144
Philadelphia* Trenton
Phlla.Wilmlng. & Baltimore.
“5%
Pittsburg Titusv. & Buff
10
St. Paul & DuiuthR.R. Com
do
do
pref. 33
143% 144
United N. J. Companies
West Chester
Texas & Pac. 1st m ,6s, g.,1905
cons m,.6s,g.,1905
do
do
inc.&l. gr ,7s 19.5
Union & Titusv. 1st ra. 7s, ’9t
United N. J. cons. m. 6s, ’94
Warren & F. 1st m. 7s, ’96
West Chester cons. 7s, ’91
West Jersey 68, deb., coup.,’83
do
1st m. 6s, cp.,’96
do
1st m. 7s, ’99
Western Penn. RR. 6s,op.'.899
do
6s P. B.,’96.
canal bonds.
91
7s, w’t’r ln,rg. &c .
do
lOo
uo 7s, atr.imp., reg.,’83-36.
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
Camden County 6s, coup
Camden City 6s, coupon.
do
7s, reg. & coup
Delaware 6s, coupon
Harrisburg City 6s. coupon..
railroad stocks.*
Camden & Atlantic
120
canal stocks.
The following are the totals for a
1878.
Oct. 12...
Oct. 19...
Oct. 26...
Nov. 2...
Nov. 9...
Nov. 16...
Nov. 23...
Nov. 30...
Dec.
7...
Dec. 14...
Dec. 21...
Dec. 28...
1879.
Jan. ’ 4.
week
Net deposits
Circulation
Ask.
95
loo” Phil. & R. con8.m.6f>,g.i.l91i. 19
N aahua & Lowell
do conv. 7s, 1893*
New York * New England... 34% 34*
'40
do
7b, coup, off,’93 39
Northern of New Hampshire 83% '84
125
1?4
Phil.*R.Coal*Iron deb. 7s.92
Norwich * Worcester
15
do
deb.
7s.
ops.oil
15%
.
Ogdensb. & L. Champlain ...
do mort., 7s, 1892-3
do
pref.. 55
Phila.
Wilm.
Balt.
&
ioi*
6s,
’84
101%
Old Colony
Pitts.Cln.&St. L. 7s, cou., ISOT- 1C7% 107%
Portland Saco & Portsmouth 100
Shamokin V.& Pottsv 7s, 1901
81% 82
Pullma'» Palace Car.
59% 59* Steubenv. & Ind. 1st, 6s, 1884. 103
100%
Puenlo * Ark -nsas
10
15
Stony Creek 1st m. 7s i907
Rutland, preferred
Sunb.
&
Haz.
W.,lst
m.,5s,*21
79
Vermont & Massachusetts..
*30 '32
Sunbury & Erie 1st m. 7s,’97
Worcester* Nashua
..
48,300
1
587.300
28.300
24,500
83.300
5,400
S
337.100
179.500
1,663,000
tion.
8.497.500
4 062,800
5810,100
5802.500
3 325,000
0264,500
1 973,000
7 425,200
1 884,000
1 186,800
12 096,300
2 619,200
103.100
204,000
164.500
550,000
99.900
33.700
329,000
Circula¬
Tenders. than U. S.
15.700
201,000
63.200
6,900
4,006,300
3.227.200
1.296.100
3,000,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
Specie.
Bid. Ask.
SECURITIES.
’99%
Average amount of
Capital. Loans and
PHILADELPHIA, Etc.—Continued.
BOSTON)
the
City Banks.—The following statements bows
condition of the Associated Banks of New York City for the
ending at the commencement of business on June 7,1879 :
Banks.
595
OHRON ICLE
THE
14, 1879. j
.
...
.
•
In defan’t.
j per sh ire.
+ And Interest.
596
THE
CHRONICLE.
QUOTATIONS OF STOCKS AND
TJ. 8. Bonds and active Railroad Stocks
quoted
are
previous
on a
Bid.
SECURITIES.
Ask.
Alabama—5s, 1883
5s, 1886
8s, 1886
8s, 1888
8s, Montg. & Eufaula RR.
8s, Ala. A Chatt. RR
8s of
8s of
Class
Class
Illinois—War loan
Kentucky—6s
6s,
6s,
7s,
6s,
8s,
8s,
8s,
7s,
7s,
11
1892
1893
Memp. & L. Rock RR
L. RP.B.& N. O. RR.
Miss. O. & R. R. RR...
Arkansas Central RR.
6
4
Georgia—6s.
7s, new
7s, endorsed
7s, gold
Illinois—6s, coupon, 1879...
new
new
4
4
4
105
100
109
floating debt
levee
do
do of 1875
of 1910
consolidated
small
Susquehanna
Burl. Cedar
Rapids
do
do
1st pref.
2d pref.
do
do
Harlem
Ind. Cin. & Laf
Keokuk & Des Moines.—.
do
do
pref.
Louisville & Nashville
Marietta A Cin., 1st pref...
do
do
2d pref...
106
7s 18D0
112%
105%
92
41%
37%
93
42
38
*9
Miscellaneous
Prior
115
j
50"
164
334
3%j
54*4
54%!
::::!
2%
189
100
....
106%
1034
144%
105%
Wells, Fargo & Co
50
50
99% 100
Quicksilver
14%
do
pref
Atlantic & Pacific Tel
American District Tel
46"
42%
....
45"
38
142% 143*4
38" 3934
81%
Railroad Bonds.
Stock Exchange Prices.
Boat. H. & Erie—1st m—
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn. A St. L., 1st, 7s, guar
Chesap.A O.—Pur. m’y fund
6s, gold, series B, int. def.
6s, currency, int. deferred
Chicago & Alton—1st mo
Income
*....
79
*io'i%
43
19%
*8%
106
Sinking fund
Joliet & Chicago. 1st m... *107
Louis’a & Mo., 1st m., guar *108
do
2d 7s, 1900.
07
St. L. Jack. & Chic., 1st m. *109%
Miss.Riv.Bridge,1st,s. l',6s 103
Chic. Bur. & Q.—8 p.c., 1st m
Consol, mort., 7s...
5s, sinking fund
113
....
*116
g., 5s.
Central of N. J.—1st m., ’90.
do
assented.
do
;.
93%
117
do
assent'd
Am. Dock A Impr. bonds,
do
assented
Coupon gold bonds
Registered gold bonds....
Iowa Midland, 1st m., 8s..
Galena A Chicago, exten.
Peninsula, 1st m., cony,..
Chic. & Milwaukee, 1st m.
Winona & St. P., 1st m
...
do
2dm....
C. C. C. & Ind’s—1st, 78, s. f.
Consol, mortgage
C. St. L. & N. O. Ten. lien 7s
do
1st con. 7s
do
Del. Lack. A West.—2d m..
78, convertible
93%
98"
116
122
*
*
*
-
118
93%
96
67%
68
77
78
127
112
112
80
110%
*107%
112
108
Jos.—8s,
conv...
m..
Lake Shore—
Mich S. A N. Ind., s. f., 7s.
Cleve. A Tol., sink. fund..
do
new bonds.
T
10834
*111%
*107
120
108
110
112
H'234
111% 112%
108%
106%
100
116% 120
109
112%
105%
116% 118
99% 99%
100
*94
new
Buffalo A Erie, new bds...
Buffalo A State Line, 7s..
Kal’zoo A W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s,’1906
Lake Shore Div. bonds...
do
cons, coup., 1st
2d mortgage, inc., 1911 —
H. A Cent. Mo.. 1st., 1890.
New Jersey South’n—1st, 7s
Consol., 7s, 1903
N. Y. Central—68, 1883
6s, 1887
6s, real estate
68, subscription
N. Y. C. A Hud., 1st
Harlem, 1st
Sinking fund
115
72%
107
72%
2d mortgage
111%
109%
104*4 105
114
116
118
1st m., Carondelet Br...
South Pac. of Mo.—1st m.
Kansas Pac.—1st m.,6s,’95
1st m.,6s,’95,with cp.ctfs
1st m., 6s, *96
do
with coup, ctfs
1st m., 7s, Leav. br., 96..
do
with coup, ctfs
1st m„ 7s,R.AL.G.D’d,99
78, land gr’t, ’80..
with coup, ctfs
2d mort., ’86
do
with coup, ctfs
Inc. coup. No. 11 on 1916
Inc. coup. No. 16 on 1916
ass.
Pennsylvania RR—
Pitts.Ft.W.A Chic., 1st
do
do
do
do
2d
3d
m.
m..
m..
105
116
121
+ And accrued interest.
Tol. AWab.—lstext.7s,ex cp.
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex coup
Equipment bonds, 7s, 1883
Consol, conv. ex coupon.
Gt. Western, 1st m., ex cp
do 2d m.,7s,’93,ex cp
Central of N. J., 1908
Leh. A Wilkes B. Coal, 1888
St.L.I.M.AS.,lst 7s,pref .int
do
2d int.,6s. accum’e
2%
121%'
.
*40
43
Toledo—8s, water, 1894
105%
83%
122%
6s i new series
31%
3134
32%
Virgina—6s, old
30%
33
1866
6s,
1867
6s, consol, bonds
6s, ex matured coupon....
8
6s, consol., 2d series
334
6s, deferred..:
3*4 D. of Columbia—3 65s, 1924.
Small
3%
Registered
new,
new,
29
71
Peoria Pekin A J.—1st
2d
....
116
95
97
do
2d
95"
117%
120
85
56
mortgage,
•
•
•
•
guar
Extension.,..
Tol. Can. S.dfDet.—
Union A Logansport—7s
Union Pac
ic., So.
84
99%
6s, 2d mortgage, gold
Cent, of la.—1st m., 7s, gold
Chic.A Can. So.—1st m.,g.,7s
Chic. A East. Ill.—1st m., 6s
2d mortgage, inc., 7s
Chic. St. P.A M.—6s, g., new
Land grant,
Cin.
*
*
Lafayette A Ch.—1st
Br.—6s, gld.
*
68
48%
67%
*40
8s
Water works
Augusta, Ga.—7s, bonds.
Endorsed M. A C. RR
69
53
Compromise
6934 Mobile—5s, coupons on
coupons on
8s,
53
6s, funded
45
Montgomery—New 5s
105
112%
+105
+112
+112
+112
+112
+113
40
40
102
+106
+90
+106
+112
+101
+111
+113
108
115
106
A Crawfordsv.—7s.
Evansv. Hen. A Nashv.—7s.
Evansv. T.H. A Chic.—7s, g.
Flint A Pere M —8s, I’d gr’t
Galv.Hous.A H.—7s,gld,’71
R.AInd.—lst,7s,l.g.gu
nous. A Gt.N.—1st,7s,g.,ctfs
Hous. A Tex. C.—1st, 7s, gld
Western Div
Waco
Consol, bonds
117
—
,
109
69*%
N. Y. A Osw. Midl’d-lst
m.
Receiver’s certif’s, labor.
do
other.
87%
35
73
B0
75
44
40
57
45
*7s
Ala. AChat.—Rec’rs ctfs.vai
Atlantic A Gulf—Consol...
Consol., end. by Savan’h.
Stock
Charl’te Col.A A.—Cons., 7s
2d mortgage, 7s
East Tenn. A Georgia—6s..
E.Tenn.A Va.—6s,end.Tenn
! E. Tenn. Va. A Ga—1st, 7s
Stock
Georgia RR.—7s
6s
106%
Stock
Greenville A Col.—7s, 1st m.
no
100
97
85
‘
2d, 7s
.
87%
101
103
60
70
105
102
107
84
108
101
101
100
70
102
84
23
Macon A Aug.—2d, endors.
MemphisA Cha’ston—l6t,7j
83
62
100
99
55
55
90
82
100
89
69
7s, guar
75%
60
88
60
101% 102%
82%
15
55
55
95
Stock
Memp. A Lit. Rock—1st, 4s
Mississippi Cent.—1st m.,7s
2d mort., ex coupons.
Mobile A Ohio-
Sterling,
ex
cert., 6s..T....
8s, interest
2d mortgage, 88
New 1st mortgage
New debentures
N. O. A Jacks.—1st m.,
8s...
Certificate, 2d mort., 8s...
f
Nashville Chat.A St. L.—7s.
1st, 6s, Tenn. A Pac. Br...
T
1st, 6s, McM.M.W.AAl.Br.
65
100
85
r
t
f
Norfolk A Petersb.—1st,
1st mortgage, 7s
2d mortgage, 8s
8s.
Northeast., S. C.—1st m., 8s.
2d mortgage, 8s
72%
Orange A Alex’a—lsts, 6s..
2ds, 6s
110
3ds, 8s
104
4ths, 8s
Rich.A Dan.—1st consol., 6s
105
Southw. Ga.—Conv., 7s, ’86.
103
r
98
99
85
65
91
84
#
e
90
93
85%
90
+91+
100
100
107
103
no
102
97
105
59
107
62
70
45
55
15
15
15
32
19
19
19
60
70
25
25
25
37
22%
25
22
50”
90
90
26
32
26
102
101
104
69
69
106**
20
102
30
111
71
60
105
40
113
78
98
65
72
72
95%
60
90
95
102%
•
«
88
42
115
107
119
108
85
88
«
90
50
100
10034 101
79
81
5
7
39
41
101
104
101% 104
113
114
91
94
75
85
75
85
60
70
12
15
85
88
37
38
112
no
103
105
•»■***
45
97
10534
....
^
95*
92
105
100
93
110
97
95
90
50
22
94
105
....
•
•
•
•
•
a
a
•
112
....
110
100
60
29
06
no
105% 107
40
45
.........
17
60
Tennesssee State coupons.
South Carolina consol......
Virginia coupons
70% Oswego A Rome—7s, guar..
100
do
consol, coupons...
* No price to-day; these are latest quotations made this week.’
%
90
102
90
101
8s, gold, coup, od
RAILROADS.
102%
115
55
new.
Wilin’ton,N.C.-^6s, g., cp.on
100
110
116
110
55
87
85
100
85
98
108
Savannnah—7s, old
#
+110
73%
65
99
Richmond—6s
115
115
50
50
109
115
115
116
105
113
108
93
41H
24
Stock
75
,-....
Indianapolis A St.L.—1st, 7s
S. Carolina RR.—1st m., 7s.
105
Indianap.A Vine.—1st,7s, gr
International (Tex.)—1st, 7s
87
7s, 1902, non-enjoined....
60
Int. H. A Gt. No.—Conv., 8s
7s, non-mortgage
61
Jack.L.A S.—8s, 1st,“white” +108
Savan’h A Char.—1st m., 7s.
109
102
Cha’ston A Sav., 6s, end..
102% Long Island—1st mortgage. 105 106%
Montclair A G.L.—1st, 7s, n.
West Ala.—1st mort., 8s
40
45
125
N. J. Midland—1st, 7s, gold.
2d
mort.. 8s, guar
47
45%
2d mort
122%
7
9
PAST-DUE COUPONS.
118
8734
40
80
80
24
30
Nashville—6s, old
6s, new
New Orleans—Prem., 5s
Consolidated, 6s
Railroad, 6s...
113% Norfolk—6s
113%' Petersburg—6s
8s
113%
7s,
equipment
Evansv.
8734
CITIES.
Atlanta, Ga.—7s
87
40
73
108
New 8s
+99
1st, 7s, 10 years
+100
2d, 78, 20 years
Dan. Urb. Bl.A P.—1st, 7s, g.
55
Denver Pac.—1st,7s,Id. gr.,g
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s
.
65
8534
1st, 7s, Id. gr., not guar...
118%
1st, ex land grant, 7s
Grand River Val.—8s, 1st m +101
82
lie'
m
.
Rejected (best sort)
106% Texas—6s, 1892
M.AS +102" ldi"
111
7s, gold, 1892-1910 ..J.A J +109
35
7s, gold, 1904
112
J.A J +110
Cin.A Spr.-lst, C.C.C.AI.,7s
95% 96%
1st m., g’d L. S. A M. S., 7b. 103% 110
Col. A Hock. Y.—1st,7s,30 yrs +104% 106
Gr’nd
117%
6s, gold
Chic.A Southwest.—7s, guar
58%
*
(Brokers' Quotations.)
STA1lTL
:es.
....
RAILROADS.
Atchison A P. Peak—6s, gld
Bost. A N. Y. Air-L—1st m.
California Pac.—7s, gold
.
’
106% 109
Sand. Mans. A Newark—7s.
South Side (L. I.)—1st mori
South Minn.—1st m.. 7s, ’88
1st mortgage, 7s (pink)...
10934
9334 94%
86
25
72
class C..
St.L.A S.E.—Cons., 7s, g.
105
*
m...
mortgage, class B..
108
+102
Yonkers—Water, 1903
31
31
78
58
39
<
BONDS.
+112%
730s
107% 108
99%
Poughkeepsie—Water
Rochester—Water, 1903
WA
35
6s7
OX
CITIES.
117%
50
10
10
10
40
40
10
34
*
Albany, N. Y.—6s, long
119% 120% Buffalo—Water, long
111
Chicago—6s, long dates
112
*109
7s, sewerage
113
7s, water
113%
7s, river improvement....
102%
Cleveland—7s, long
108% 109
91
Detroit—Water works, 7s..
Elizabeth City—Short
Long
108%
Hartford—6s,
various
119%
109% 110% Indianapolis—7*30s
Long Island City
66% 66% Newark City—7s, long
29
Water, 7s, long
104% 105% Oswego—7s
Cleve.A Pitts., consol., s.f. *115
do
4th mort...
Col. Chic. A I. C., 1st con..
AND
0.,2d m.,1907
Miscellaneous List.
(Brokers' Quotations.)
ctfs lie'
with coup,
8%
8%
14%
14%
Ask.
115
Non-fundable
Tennessee—6s, old
6s, new
3
3
102
107
Chic. St.L.A N.
*10834
Income, 7s
-
25
25
106
106
86
86
7s, F. L
95 '
Q. A Tol., 1st, 7s, ’90,ex cp.
Columbus, Ga.—7s, bonds.
Ill.A So. Ia., 1st m.78,ex cp
98
10
Macon—Bonds, 7s
West. Un. Tel—1900, coup.
113% 116
Memphis—Bonds, C
*115
1900, registered
Bonds, A and B
110% 110%
INCOME BONDS.
*.... 104
*40
113
m.
Land Com., 1889, J. A J...
do
1889, A.AO...
7s of 1888
.
113% 11434
Pacific RR. of Mo.—1st
STOCKS
April A Oct
Funding act, 1866
118
119
3
class 2
Bid.
South Carolina—6s
Jan. A July
108
Col. Chic. A I. C., 2d con..
90
91
do Tr’t Co.ctfs.lst con
110
Rome Wat. A Og.—Con. 1st.
55%
98%
St. L. A Iron Mount’n—1st m 115
103
2d mortgage
103%
93%
104
Arkansas Br., 1st mort...
104%
93
*.... 103%
Cairo A Fulton, 1st mort
100
103
103%
Cairo Ark. A T., 1st mort.
104% 105
St.L. K.C.A N—R. E.A lt.,7s 104
107
Omaha Div., 1st mort., 7s 104%
107% 109*
North Missouri, 1st m., 7s 11534
114
115
St. L. Alton A T. H—1st m
117
105
106
2d mortgage,
84%
pref
*100
do
income
102
Belleville A So. 111., 1st m. *108
*.... 125
97
Spring.Y’y W.Works, 1st6s
Tol. Peo. A W—1st m., E.D- *106
1st mortgage, W. D....... *106
94% 94 H
119
Burlington Div
103
2d mortgage, 1886
103%
*30
108*4 108%
*30
Consol., 7s, 1910
103%
Pur. Com. rec’pts, 1st,E.D *105
110
do
1st, W. D. *104
*110%
do
Bur. Div.
*....
110%
1st pref. inc. for 2d mort.
*30
114
1st me, for consol
*30
104'
1st, int. g.
m., 7s, coup..
106
106
107
117
3%
class 3
Securities.
106% 107% Rhode Island—6s,coup.’93-9
Special tax, class 1
do
do
Ask
89%
do
1st m., 7s, reg— 123
N. Y. Elevated—1st, 7s, 1906 115% 116
Ohio A Miss.—Consol, s. f’d 112
112%
Consolidated
112
112%
2d consolidated
93% 94
1st m.,
Springfield div —
Pacific Railroads—
Central Pacific—Gold bds. 1123 112%
San Joaquin Branch.... 1013 102
Cal. A Oregon, 1st
103%
State Aid bonds
*107 ‘
Land grant bonds
103%
Western Pacific bonds.. ids' 109
South. Pac. of Cal.—1st m.
Union Pacific—1st mort.. 1123 H2%
Land grants, 7s
1133,
do
1st m.,
do
New bonds, J. & J
do
A.AO
Chatham RR
6s, 1886
109
Den. Div. Tr. rec’ts
106
106
112% lli"
Prices nominal.
do
Registered, 8s
T
*100
106% 106%
Srr.
orris
Bit.Agh.
A N. 1st
Y., 1st, 7s
Essex,
*
Han. A St.
1868
112" Ohio—6s, 1881
106%
2d,con.,f.cp.,5s,6s
do
Huds. R., 7s,
Canada South.,
94%
93
107
123
2d mort...
mortgage, 7s, 1888
7s, cons., gold bonds, 1920.
ex coup.,Sept.,’79 A prev
Long Dock bonds
Buff. N.Y.A E, 1st m., 1916
N.Y.L.E.AW.,n.2d,con.,6s
do 1st, con., f, cp.,78
do
do
107%
110
111
A.& O
coup, off, J. &J.
coup, off, A.A O.
Funding act, 1866
m., cp.
124*4
1st m., reg. 12434
114
2d m., s.f.,’85 *113
101% 102
Mortgage 7s, 1907
do
re;
Mo.K. A T.—Cons.ass..1904-6
....
94%
105%
104%
11434
m
1st,
t
20
Chic.Mil. A St.P.—lst,8s,P.D
2d mort., 7 3-10, P. D
1st m., 7s, $ gold, R. D....
1st m., La C. Div
*11334
1st m., I. & M
112
1st m., I. & D
1st m., H. & D
1st m., C. & M
Con. sinking fund
2d mortgage
1st m., 7s, I. A D. Ext
Chic. & Northw.—Sink. f’d..
Interest bonds
Consol, bonds
Extension bonds
1st mortgage
do
Denv.A R. Grande—1st, 19*.
Erie—1st mort., extended
2d mortgage, 7s, 1879
3d mortgage, 7s, 1883—
4th mortgage, 7s, 1880 ..
79% Metropolit’n Elev—1st, 1908
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f
Equipment bonds
*.... 112
assented
Adjustment, 1903
Lehigh AW. B.,con., g’d..
Rens.A Saratoga, 1st,coup
Nashv. A Decatur, 1st, 7s.
Marietta A Cin.—1st mort..
1st mort., sterling
1st consolidated
Convertible
do
do
do
37
39
115% lie
6s, 1917, registered
Keok.A Des M., 1st,
.
m.
2d mort..
3d mort..
1st con., guar
30%
8234
*101
...
Chic. Rk. I.A P.—6s, c
7s, 1917
do
cons, reg., 1st.,
do
cons, coup., 2d.
do
cons. reg.. 2d ..
Louisv. A Nash.—Cons.m.,7s
2d mort., 7s, gold
...
Pullman Palace Car
reg.,
Cleve. P’ville A Ash., old.
Gold A Stock Telegraph....
Pennsylvania Coal
Mariposa L’d & Mining Co..
do
do
pref.
Ontario Silver Mining
Homesta'ke Mining
Standard Cons. Gold Mining
do
Albany & Susqueh., 1st
Indianap. Bl. A W.—1st
2d mortgage
38% 39%
Canton Co., Baltimore
American Coal
Consolidation Coal of Md..
JQ4
Ill.Cent.—Dub. A8ioux C.lst
Dub. A 8ioux C., 2d div...
Cedar F. A Minn., 1st m..
St’ks,
:pr
E
American Express
United States Express
'/a
do
do
do
MISCELLANEOUS
1st Pa. div., coup., 7s, 1917
5th
39"
....
AND
48
41
York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
6s, do 1892
6s, do 1893
North Carolina—6s, old,J&J
6s, old, A. A O
No. Car. RR., J. & J
10734
107%
107-X 109"
Morris AEss’x,b’nds, 1900
do
construct’n
do
7s of 1871.
«
do
1st con., g’d..
j Del. A Hud.Canal—1st m.,'84
j
1st mortgage, 1891
do
extended
Del.A H. Can.—Coup., 7s,’94
....
185
165
107
Hannibal & St. Jo., 1886..
Mobile A Ohio
Nashville Chat. & St. Louis.
New Jersey Southern
N. Y. Elevated
\. Y. New Haven & Hartf.
Ohio A Mississippi pref
Pitts. Ft. W. & Chic, spee’l.
Rensselaer & Saratoga
St. Louis Alton & T. H
do
do
pref.
Terre Haute & Indianapolis
United N. J. RR. A Canal..
102"
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due ’92.
Funding, 1894-95
Chesapeake & Ohio
Chicago A Alton, pref
Chicago St. Paul & Minn—
Dubuque A Sioux City
41%
6s, 1883
RAILROAD
Railroad Stocks.
(Active previously quoted.)
Albany &
..
Boston & N. V. Air L., pref.
Missouri—Han.& St. Jo.,’87.
penitentiary
Missouri-^-Bs, due 1882 or ’83
102*4
Bid.
SECURITIES.
New
Michigan—6s, 1879
4
.
Connecticut—6s
102*4
li.
may
BONDS.
Ask.
Louisiana—6s
A, 2 to 5
B, 5s
Class C, 2 to 5
Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss.
7s,
7s,
7s,
7s,
Bid.
SECURITIES.
BONDS IN NEW YORK.
Prices represent the per cent value, whatever the par
page.
STATE
[Vol. XXVIIL
*
*
r
48"
52"
no
110
115
115
20
40
20
79
30
.....
a
a
81
aft
THE CHRONICLE.
June 14, 1879. J
NEW YORK
Bank
Capital.
Companies.
LOCAL
SECURITIES.
Stock List.
[Quotations by K. 8. Bailst, broker,7 Pine street.]
Pbtce.
Dividends.
Surplus
latest
dates. §
Insurance Stock List.
Net
at
Mark’d thus (*)
are not Nat*.
I
Amount
Capital.
Period 1877. 1878.
8
8
100 3,000,000 1,324.100 J. & J.
6
»K
Exchange. 100 5,000,000 1,230.200 M.&N.
12
1.
&
J.
n
100
188,5 j0
Bowery
250,000
10
10
25 1,000,000 1,177.4'0 l. A J.
Broadway
8
Butchers’* Dr. 25
800.000
88,400 J & J
8
7
Central
100 2,000,00®
384.6ou J. A J.
Chase
100
26,200
300,0OT
"9
6
Chatham
J.
A
J.
25
450,000 155.700
100
100
Chemical
300,000 3,178.400 Bl-m’ly 100
6
Citizens’
25
600,000 158,6 .0 J. & J.
10
10
100 1,000,000 1,405,000 M.&N.
City
6
8
Commerce
100 5,000,000 2.531,200 f. & J.
Jan.,
May,
Jan.,
Jan.,
Jan.,
Jan.,
Am.
•
.
First
Fourth
Fulton
Gallatin
German Am.'
Berman Exch.'
Germania*. ....=
100
100
30
50
100
100
100
Greenwich*....
25
25
7,01)0 f. & J
39,100 \ & J.
165,100
V
i
1,000,000
2,000,000
Merchants’ Ex. on 1,000,000
Metropolis*.
u
300,000
Metropolitan..
3,000,000
Murray lilll *.. 100 100,000
50
loo
i,ooo,0j0
100
2,000,000
100
200,000
300,000
750,000
700,000
240,000
100
Ninth
100;
No. America*.. 70
North Elver*.
50
Oriental*
Pac flc*
Park
25
50
100
People’s*
25
Phenlx..:
20
Produce*
100
Republic
100
St. Nicholas.... 100
8eventh Ward. 100
Second
100
Shoe A Leather 100
Sixth
100
State of N. T.. 100
Third
100
Tradesmen’s... 40
Union
50
West Side*
«
*
#
t
May,
Jan.,
300,000
422,700
2,000,000
412,500
1,000,000
195,600
1,500,000
£00,000
100
'
m
10
7
•
•
•
38,10C •I. & J.
•
•
2Vz
73*
7^
6>i
...
8
8
3
6
10
42.300 J. & J
183,000
33,200
249,500
666,300
M.&.N.
J. A J.
J. & J.
93,400
200,000
M.&N.
J. A J.
Jan*., *77."
3
3
5
6
3
Jan
6
May,
•ian.,
Jan.,
Jan
....
10
7
7
3
8
*
•
•
,
-
r-
-at
e
%
#
’79.
’79.
’79.
*79.
’79.
’74.
•
m
.
....
#
*
*
*
106
....
*
*
•
•
*
89
s r
•
•
60
56
ty
.
t
,
•
«
1
128
T
1
g
0
m
99
•
♦
*
f
®
#
90
3
0
100
....
.
....
334
'
....
103*
,,,
95
•
T
-
|t
•
•
.
09 a.
....
.
102
3
*
3X
.
105
•
-
-
.
.
.
r
-
-
e
...
...
Phenlx (Bklyn) 50
Produce Exch. 100
50
Belief
5 The figures in this column are of date April 4,1879, for the National banks, an
15,1879, for the State banks.
Rutgers’
Par.
Brooklyn Gas Light Co...
25
20
Citizens’ Gas Co tBklvn)
do
bonds
Harlem
1,C00
50
20
50
100
Jersey City & Hoboken
Manhattan
Metropolitan
do
certificates
Mutual, N. Y
do
V-r.
do
Va\
scrip
do
do
bonds
do
do
certificates.
Central of New York
50
50
Var.
scrip
Metropolitan, Brooklyn
Municipal
bonds
Yar.
1,000,000 Quar,
1,000,000 J. * J.
100 1,000,000 M.&N.
100 1,500,000
Williamsburg
do
M.&N.
M.&N.
J. & J.
M.&N.
300,000 J. & J.
468,000 F.& A.
700,000
4,000,000
1,000,000
1,000
300,000
100
10
People’s (Brooklyn)
do
2,000,000 Var.
1,200,000 Yar.
315,000 A.& O.
1,850 000 F.« A.
750,000 J. & J.
4,000,000 J.& J.
2,500,000 VI.& 8
1,000,000 M.&S
100 5,000,000 Quar.
1,000 1,000,000 F.& A.
25 1,000,000
Var
bonds
Nassau, Brooklyn
New York
Amount. Period.
750 000 M.&N.
.
[Quotations by H
Rate.
5
3
7
3
’98
95
Feb., ’78 40
Jan., *79 135
June, ’79 170
5
Feb.,’79 122
3* Feb., ’79 101
IK Apl., ’79 70
102
3
./an., ’79 55
May, ’79 80
May, ’79 97
3 K Jan., ’76 18
7
’97 90
Jan , ’79 70
Feb , ’<9 60
2
Jan., ’79 70
834 Jan., ’79 85
May, ’79 40
Feb,, ’79 115
6
’88 104
l*
|K
f*
§*
100
1,000
900,000 J. & J.
694,000 J. & J.
2,100,000 Q-J.
1,000 1,500,000 J.&D.
10
Brooklyn City—stock
2,000,000 Q-F.
1st mortgage
1,000
300,000 M.&N.
100
200,000 Q-J.
(Brooklyn)—stock...
Broadway
100
400,000 A. & U.
Brooklyn ct Hunter's Pt—stock.
1,000
1st mortgage bonds
300,000 J & J
100
Bushwlck Av. (tfklyn)—stock..
500,000
100
1,800,000 J. & J.
Central Pk„ y.dk E. River—stk.
Consolidated mortgage bon s, 1,000 1,200,000 J.&D.
100 1,200,000 Q-F.
Dry Dock, E. B. dk Batterstk.
100
.
.
500&C
1st mortgage, cons’d
900,000 J.&D
100 1,000,000 J. & J
Eighth Avenue—stock
1st mortgage
1,000
203,000 J. & J.
100
2dSt. dk Grand St ferry-stock
748,000 M.&N.
1st mortgage
1,000
236,000. A.&O.
100
Central Cross 'Jown~ stock.
600,000
1st mortgage
1,000
200,000 M.&N.
100
Rouston, West st.&Pav.F’y—stk
250,000
500
1st mortgage
500,000 j. & j.
7
100
Second Avonue— stock
1,199,500 Q.—F.
2d mortgage
1,000
150,000 A.&O.
1.000 1,050,000 M.&N.
Cons. Convertible
.
•
...
•
•
•
•
•
....
:00&c.
100
1,000
100
200,000
750,000
415,000
2,000,000
•<,000,000
600,000
7
3
3
7
Nov., ’80 102
Apr., ’79 135
Oct., ’76 90
100
1888
•
.
A.& O.
M.&N.
J. & J.
85
40
Dec.1902 94
May, ’79 85
JUue, ’93 102
Jan., ’79 100
Jar., ’84 100
May, ’78 140
Apr., ’93 105
Jan"..'
3
7
2
7
6
7
6
7
•
*7 "
7
2
7
7
7
5
7
4
7
4
7
’79
••
•
Nov.1904
July,
Apr.,
Apr
May,
,
Sept.
May.
’94
’78
’85
’88
’83
’77
’90
*79
July,
Msy,
July, ’90
Feb .’79
vf«»r. *93
500,000
200,000
200.000
200,000
150,000
500,000
200,000
3,000,000
lfO.OOO
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
80
70
80
95
50
120
107
200 000
150,000
150,000
1,000,000
200,000
200,000
300,000
200,000
200,000
200.000
united States..
estchester...
W1lllamsb’g C.
*
200,000
200,000
800,000
200,000
200,000
300,000
250,000
25
25
10
50
300,000
250,000
.
•
-
•
99
10
80
30
95
7)
70
85
105
118
97
95
102
20
90
65
102
140
110
150
100
102
9234
50
97
90
105
110
155
115
40
101
20
86
3234
100
75
75
100
115
125
100
100
IOSU.
of maturity of bonds.
1876. 1877. 1878.
Over all liabilities,
10
15
15
10
4
10
20
20
20
20 '
5
14
10
N’n*
10
20
20
20
'
20
178,380 20
17K 10-72
12
150,018 20
18
N’ne
5
11,126 10
N*ne
5
10
18
25
170,523 25
1,038,423 11-45 1250 13 40
20
20
514.353 30
10
14
102,001 14
10
15
121,604 20
15
15
161.067 15
10
12
85,825 15
N’ne
10
10
11
12
12
86,618
.
.
.
.
.
50
July, ’78. 5
July. ’78. 3K
130
Jau
’79. 1
Jan., ’79. 5
50
Jan., ’77. 4
July. ’7ft. 5
190
June, ’79 10
Feb., ’79 io 200
180
Ja’*.. ’79 id
190
9
130,330
815,049
754,424
127,116
344,30 L
85,343
124,537
685,899
78,847
1,863.489
15,909
206,609
111,928
32,968
+314,003
199,901
io
10
22
10
30
7
10
30
20
40
10
20
10
10
10
10
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
30
20
40
10
20
10
10
10
10
12
12
10
10
20
27,884 10
106,597 20
116,473 10
55,005 10
281,942 20
'71,541 10
202,281 11
241,421 14
281,637 30
186,569 20
51,386 10
206,979 20
114,189 20
174,081 25
124.331 16
324,262 20
160,005 20
24,571
55,061 10
455,012 10
10
12
11
20
20
20
18
20
112,717 12
426,132 30
103,552 20
200,474 20
108,104 20
731,322 20
«K
3K
59,449 10
10
34,673 10
10
•••**
71,994
205,204
103,695
39,020
175 011
171,318
49,231
144,517
181,302
231,331
175,619
450,317
10
10
10
10
10
10
20
5
16
10
10
16
10
12
10
20
20
10
16
12
20
10
20
14
N’ne
N’ne
11
10
30
12
20
70
.
•
100
•
•
•
....
65
202
210
....
I- n..
’7916
July, ’77. 5
Jan., *77
•’an., ’79A0
Jan., ’79.6-83
Apl., *79.10
•ian., ’79. 5
Feb., ’79. 5
Jan., ’79. 7
•Jan., ’7y. 6
July, ’77! 5
Jai., *79. 6
Jan., ’79. 5
Jan., ’79. 7H
•
an.. '79. 3H
Jan. ’79. 7U
•l-n., ’79. 5
Jan., ’79. 5
Jan., ’79. 5
Jan., ’79. 3m>
Jan., ’79. 5
Jan., '79. 5
Jau., ’79. 5
M’C!l ’79 5
Ian., ’79.10
Jau., ’79. 5
12
15
N’ne
10
5
13
12v
10
25
20
20
16
1£>K 16
9
10
10
11-55 12-35 6-23
15
17* 12K
10
10
10
14
20
16
20
10
25
16
12
16
10
10
10
20
20
20
jau.,
•Jan.,
Jan.,
Jan.,
Jau.,
.Ta
..
Feb..
Jan., ’79. 6
Apl., ’79. 4
Jan., *79.10
Jan., *79. 6
ian.. ’79.10
’79. 6
’79. 5
’77. 3X
’79.10
’79
,
Jan.,
Feb.,
J bn. 1
Jan.,
Ja
Feb.,
Jan.,
8
’79 5
’79.6-23
’79. 6
’79. 5
’79. 5
’79. 5
’79. 6
’79. 5
’79.10
Including re-lnsarance, capital aud scrip.
....
•
•
....
9 9 0“
70
140
•• •
•
92K
126
• • •
•
105
105
80
....
80
150
106
80
130
90
...
.
80
140
.
130
112
170
165
80
145
110
•
•
•
s •
2C0
150
85
124
50
100
100
65
130
160
70
140
100
120
....
.
85
160
....
170
•
105
180
....
....
130
65
65
70
115
116
235
109
.....
[190
...»
110
120
65
120
125
...»
90
75
70
95
’79. 5
,
105
....
’79. 5
’79. 5
a
Feb
Jan
...
60
•
•
....
107
270
.
•
....
180
’79. 8
’79. 5
’79. 6
’79. 5
’79.10
’79.10
’79. 5
’79. 8
’79. 5
’79.10
’79. 5
’79.10
’79. 7
•
137
176
210
30
Jau., ’79. 5 '
•Jan.,
Jan.,
-inn..
Jan.,
Jan.,
Jan.,
Jau.,
52
•
100
100
135
Jan., ’79. 5
Jan.,
Ian.,
Jan.,
Jan.,
Jan.,
•Jar.,
....
173
200
105
105
120
100
8
Jau., ’79. 5
0 0
125
ibo
•la \, ’79
0
a,
110
120
45
Feb.. ’79. 5
Jan.. *79 0
Jan., ’79.5
Jan., ’79. 7
10
10
.
Prior.
Bid. Ask.
Last Paid.
•
•
•
.
.
177
115
80
128
09.
109
75
120
110
75*
•
.
.
115
,
.
.
.
...»
•
ICO
125
105
198
.
.
.
.
135
110
....
t Inclusive of
scrip.
City Securities.
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.)
Prior.
Interest.
Bonds
Rate.
NtW
Months
due.
Payable
York:
Water stock
1841-63.
Groton water stock.. 1845-51.
do
do
..1352-6U.
Croton Aqued’ct stock. 1865.
do
pipes and mains...
do
reservoir bonds
Central Paik bonds. .1853-57.
do
..1853-65.
no
Dock bonds
1870.
do
H75.
Market stock
1865-68.
Improvement stock.... 1869
IK Jan., ’79 12
J’ly,1900 85
Apr, ’79 6234
June, ’84 100>$
3M May, ’79 130
third Avenue—stock
Q-F.
J. & J.
1st mortgage
1,000
100
J & J.
I wenlo-iMra Street—stocic
250.000 WAV.
1st mortgage
1,000
*
This column shows last dividend on stocks, but the date
9634
*■
7
2
7
•
.
Extension
hxih Avenue- stock
1st mortgage
127
62
100
50
145
180
127
104
75
103
63
87
100
22
L. Grant, Broker, 145 Broadway.]
-
Bleecker St.dk Fulton* erry—atli.
1st mortgage
Broadway dk Seventh Ave—stk..
1st mortgage
Bid. Ask.
May, ’79 120
Jan., ’79 55
1,000,000
25
Tradesmen’s....
Date.
*
250,000
300,000
200,000
200,000
1,000,000
300,000
200,000
200,010
200,000
204,000
150,000
150,000
200,000
50
100
100
Sterling
Stuyvesant
[Gas Quotations by George H. Prentiss, Broker, 24 Broad 8treet. J
Gas Companies.
210.000
100
Safeguard
St. Nicholas.... 25
Standard
Star
City Railroad Stocks and Bonds*
Jan. 1,
1879.*
200,000
7,107 10
21 25
200,000
400,000 f494,548 15
69,251 10
200,000
200,000
1,442 8
37,545 10
200,000
300,000 410,567 20
200,000 303,641 20
153,000 203,044 20
300,000 508,769 <20
100
100
25
Republic
Ridgewood
of date Mch.
Gas and
25
jEtna.
100
American
50
American Exch 100
100
Amity
Atlantic
50
25
Bowery
25
Broadway
17
Brooklyn..
Citizens’
20
70
City
Clinton
100
30
Columbia
Commerce Fire 100
50
Commercial
Continental.... 100
40
Eagle
<
Empire City.... 100
30
Exchange
50
Farragut
17
Firemen’s
Firemen’s Fund 10
Firemen’s Tr.. 10
Franklin&Emp 100
German-Amer. 100
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
50
Hoffman
100
Home
25
Hope
50
Howard
Importers’* T.. 50
100
Irving
30
Jefferson
Kings Co.(Bkn) 20
Knickerbocker 40
Lafayette(Bkn) 50
100
Lamar..
25
Lenox
LongIsl.(Bkn.) 50
25
Loriilard
Manuf.& Build. 100
100
Manhattan
Mecb.&Trad’rs’ 25
Mech’ics’(Bkn) 50
50
Mercantile..
50
Merchants’
Montauk (Bkn) 50
Nassau (Bklyn) 50
National
3714
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100
50
Niagara
North Elver.... 25
25
Pacific
100
Park
Peter Cooper... 20
50
People’s
.
9
#
3%
4
4
t
f 4
4
2*
3
234
3
4
4
3
»
r
n
Jan.,’78.
7K Jan., ’79.
10
May, ’79.
8
Jan., *79.
9
8
•••
3^ 121
2
3^
4
6
2J4
Aug. ’77.
July, ’78.
Jan., ’79.
Jan., ’79.
Jan.,’79.
May, ’79.
3
9
10
6
7
3
«
9
3
Feb.,’79. 3
....
3
10
,
July,
"6
6K
6K
,
.
103
,
10
10
6
8
6
.
...
Jan., ’79. 4
Feb
’79. 4
Jan., ’77. 3
July, *77. 3
Jan., ’79. 3*
...
.
Adriatic
Dividends.
Surplus,
Companies.
...
T
334
5
334
4
2
3fc
Jan., ’79. 4
....
70,600 J. & J.
221,600 J.A J.
.
.
•fan., ’79. 4
3*«
....
131,000 J.& J.
141,100 J. & J.
A.
60 100 J. & J.
#f_
—
Jan , *79. 334 103
Jan., ’79. 7
Jan., *79. 4
Jan., ’78. 3
7
8
8
7^
11
12
6
3>e
3**
....
•
160,800 ■J. & J.
210,000 Q-F.
226,300 J. & J.
May, ’79.
A pi, ’79.
Feb., ’74.
May, ’79.
May, ’77.
Nov., "78.
Feb., ’79.
July, :75.
Jan., ’76.
7
Jan., ’79.
8
Jau., ’79.
2
May, ’79.
Nov.,’77.
6
May, ’79.
6K Jan.,’79.
Jan., ’79.
Jan., ’79.
10
Jan., ’79.
12
.jan., ’79.
5
May, ’79.
....
6
114,700 F.&
127
125
•
7
14
8
3
11
8
8
51,200 M.&N.
654,^00 .1. & J.
♦ 9,800
J. & J.
70.200 F.& A.
38,400 J, & J
58,300 *.& J.
78,200 J. & J.
284.700 F.& A.
4
....
12
10
nit.
6
6*
745,400 J. & J.
78,100
.
....
7
14
8
6
219,100 J. & J.
5
S'
202,700
M &N.
10
7
6
6
7
•
5
,
12
927,900 J. & J.
76,300 M.&N.
93,900 M.&N.
300,000
300,000
500,000
200,000
800,000
1,COO,000
1,000,000
1,200,000
id
9
664,700 J. & J.
*79.
79.
*79.
*79.
10
.
'
•
ICO
Jan.,
Mar., 79!l5
Jan., *79. 3
.
10
109J4
July,
3W
Feb.
5
135
SH Jan.,-’79. 3%
July, ’76. 8
6
Jan., ’79. 3
225
12
Apl., ’79. 5 400
6
102
Jan.,’79 3
'
.
.
Nassau*
New Y cr *
N. Y. Co untv..
N. Y. N. Exch.
a
500,000 1,839,100 Q-J.
3,200,000 b65,500 J. & J.
600,000 411,400 M.&N.
1,000,000 646,400 A.& O.
42,800 F.& A.
750,000
55,400 May.
200,000
55,900 May.
200,000
20,800 M.&N.
200,000
ICO,000
15,500 J. & j.
300,000
1,000,000 177,400 J. A J.
1,500,000 1,786,200 J. & J.
500,000 119,200 J. & ,T.
5,800 J. & J.
100,000
-*2S,9w J. & J
600,000
2,050,000 1,017,500 F.& A
j.OJO J. & J.
100,000
78.900 J. & J.
400,000
500,000 268.500 J. & J.
Grand Central •
Grocers*
40
Hanover
100
Imp.* Traders’ 100
50
Irving
Island City*... CO
Leather Manuf. 100
Manhattan*.... 50
Manuf. * Mer.* 20
Marine
100
Market
100
Mechanics’
251 2,000,000
Mech. Assoc’n. 50 500,000
Mech’ics & Tr.
800,000
...
103,200 J. & J.
813,700 F.&A.
61,100 J.& J.
«
128
4
108
3
5
g
*79. 3
95
*79. 3^ 95
116
*79. 3
....
....
Continental,... 100 1,000,000
Corn Exch’ge*. 100 1,000,000
25
250,000
TSastRiver....
11th Ward*.... 25
100,000
Fifth
100
150,000
Fifth Avenue*. 100
100,000
’79.
*79.
*7Wt
*79.
'
.
Mercantile
Bid. Ask.
Last Paid.
Par. Amount
America*
Merchants’.
597 7
do
LO
....1869,
Consolidated bonds
Street Imp. stock
var.
var.
do
do
New Consolidated
var.
5
5
6
6
7
6
5
6
7
6
7
6
7
8*
7
6g.
Westchester County...
....
7
1880
1890
Feb., May Aag.& Nov.
do
do
do
1883-1390
do
1884-1911
do
do
1884-1900
May & November.
Feb.,May, Aug.& Nov. 1907-1911
1398
do
do
1805
do
do
1901
May & November.
1898
1894-1897
May & November,
1889
do
do
1879-1890
do
do
do
do
do
1901
1888
do
do
do
January & July,
do
do
Bid. Ask
100
104
104
106
110
1C9
108
100
121
107
118
107
102
113
101
105
107
109
121
110
109
107
122
109
119
108
116
115
102^ 105
105
115
1879-1882 102
113
1896
118
1894
[Quotations by N. T. Brers, Jr., Broker, 1 New
119
st.)
•
Brooklyn—Local impr’ern’i
City bonds
do
P irk bonds...
Water loan bonds
..
,«..«•».«
...
Bridge bonds....
Water loan.
City bonds
Kings Co. bonds
.
do
do
Park bonds
7
7
7
7
7
6
6
7
6
Jaiuan & July,
do
do
do
do
do
do
do
do
do
do
do
do
Mav & November.
do
no
January a July.
Bridge...
•All Brooklyn bonds flat.
do
do
[Quotations by C. Zabribkie, 47 Montgomery
Jersey CityWatei loan, long
do
Sewerage bonds
1869-71
1866-69.
103
111
128
127
127
101
102
125
122
121
112
104
103
101
114
113
114K
109
108
107
117
117
6t., jersey City.)
January A July.
January A Juiy.
do
1879-1880
1881-1895
1915-1924
1900-1924
1904-1912
1899-1905
1881-1895
1880-1883
1880-1885
1924
1907-1910
do
Assessment bonds... 1870-71.
Jan., May, July A Nov.
Improvement bonds
Bergen bonds
1868-69.
January and Julv.
J. A J. and J A D.
97
1895
1899-1902 102
98
1878-1879
1678-1879 98
98
189'.-94
©8
1900
'
100
103
100
l'O
100
100
598
s.
THE CHRONICLE.
[vol. *xyui.
Directors to restrict the issue of ‘ guaranteed special stock ’
to the lowest possible figure, the locking up of $4,000,000 of
this ‘guaranteed special stock’ in a trust fuiid, have de¬
Jmrcshimtts
AND
servedly had the effect to draw attention to if, and ihaterially
increase its market value.”
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement is published on the last Saturday
of each month, and furnished to all regular subscribers of the
No single copies of the Supplement are sold at the
Chronicle.
office,
sufficient number is printed to supply regular
subscribers. One number of the Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in that shape.
as
only
a
ANNUAL
general account dec.
Dr.
31, 1878.
-
To Cost of
Railway—Equipment, Structures, &c.—
$18,910,000
Original purchase
Additions to railway from 1863 to June, 1869
Amount resulting from capitalization
5,602,032
8,205,714
Betterments since lease
6,329,300
:
Total
Winslow, Lanier & Co., to pay dividends
Sinking fund first and second mortgage bonds
REPORTS.
142,390
2,565,588
Total
Pittsburg Port Wayne & Chicago.
(For the year 1878.)
An abstract of this company’s operations, as reported by the
Pennsylvania Company, lessee, was given in The Chronicle of
April 12, page 377. Additional particulars from the company’s
report are as follows :
The expenditures for repairs, renewals and replacements
amounted to $1,599,326. For improvements and equipment
there were expended $781,810. The following statement gives
the earnings, expenses, net earnings, &c., of the company
Total earnings
Less expenses
$7,830,109
4,140,912
From which
deduct
New Castle & Beaver
$3,689,196
*
$19,532
Lawrence Railroad....
22,824—
42,356
$3,731,553
paid Cleveland &
Pittsburg Railroad Division of joint earnings... $202,468
Tax on capital stock
9,471—
amount
Net amount
By capital stock, unalterable
1877,
was
211,939
earnings for 1878,
$901,253, and the
as compared with
increase in the expenses of operat¬
ing and maintaining for 1878 over 1877 was only $76,514,
showing an increase m net earnings over 1877 of $824,739. The
payments made bv the lessee out of the net earnings, etc.,
for 1878
Net
were as
follows
Supplies received from P. F. W. &
1862
earnings
$3,519,613
2,806,026
Leaving
a profit for 1878 to lessee of
Out of which the lessee pays sinking fund, the benefit of
which he finally reaps
13,510,000
6,329,300
C. Company May 1,
380,301
52,377
73,098
Coupons not presented, and dividends not called for
Surplus for unadjusted accounts
Balance to credit of income account
2,164,3^
Total
$42,223,760
Manchester & Lawrence.
(For the year ending March 31, 1879.)
The annual report states: The expenditures for the past
year the line oi the road, the earnings thereon, and on
account of business done in connection with other roads, the
receipts from mails and express, and those derived from the use
by the Concord Railroad of the joint property of the two roads,
and from other sources in consequence of the relations with
other roads, have been:
Earnings—
Passengers
32,327
168
Express
6,042
3,345
38,701
31,261
Mails
Concord RR., on account, for six months ending Sept. 30,1878.
Concord RR., on account, for six months ending March 31,1879
$164,998
Total expenses
64,586
Net earnings
From which dividends have been paid
$100,411
100,000
-
Leaving a balance of
$713,587
104,100
$53,151
*
Freight
Rents
:
Total payments for interest, dividends, <fee
$19,714,285
Funded debt
Guaranteed special stock (see Article 16, lease)
EARNINGS AND EXPENSES.
$3,519,613
The increase in gross
$42,223,760
Or*
for 1878:
Net earnings
Add net gain in operating
Valiev Railroad
Add net gain in operating
$39,047,047
Stock supplies transferred to Pennsylvania R. R. Company,
$411
Notwithstanding the continued depression which affects all
classes of business, and none more so than that of
transporta¬
tion, the directors are enabled to report an increase in th#
gross business for the year, both in the number of tons of
$609,487
freight and of passengers carried during the year over that of
The President says :
the preceding year, although the rates received for the same
“
There remains due to the lessee for * improvements and have been
somewhat lower than during the corresponding
additions’ made in 1878 the sum of $132,513, payable
in * guar¬ period of last year.
anteed special stock.’
The amount paid the Cleveland &
ASSETS AND LIABILITIES MARCH 31, 1879.
Pittsburg Railroad Company, on joint earnings, is more or less
Liabilities.
illusory, as, under the contract between the Pittsburg Fort Capital stock
$1,000,000
Wayne & Chicago Railway Company and the Cleveland & Notes payable
28,998
Pittsburg Railroad Company, the division of earnings is to be Dividends unpaid...
5,688
89,548
adjusted every two years, so as to equalize any previous pay¬ Income and expense
ments made by one to the other on joint
earnings. The lessee
$1,124,235
has punctually made all the payments for 1878, as
A88tlS.
required by
the lease. A statement from the trustees of the
$1,000,000
sinking fund Construction
shows the total amount of bonds now in the
4,770
sinking fund as Telegraph
Hookset branch
Leaving
absolute immediate profit to the lessee on the
operation of the Pittsburg Fort Wayne & Chicago Rail¬
way for 1878 of
an
follows:
18,000
17,353
r
First mortgage bonds
Second mortgage bonds
$1,201,334
1,231,571
New-car account, Vermont Central
Concord M. & L. Railroad
Manchester & No. Weare Railroad
Suncook Valley. Railroad
32,000
1
Cash
58,111
Total
sinking fund, December 31, 1878
$2,565,588
“
In the last two annual reports, the attention of the bond¬
holders has been called to the question of a modification of the
provisions of the mortgage raised by the lessee, in view of the
large percentage of the sinking fund being absorbed by the
heavy premium on the bonds.
The total amount of money paid to trustees for
since its operation is
Of this, in cash, December 31,1878
Sinking fund outlay for bonds
Bonds in
sinking fund
Showing
paid
sinking fund
$2,565,588
132,682
$2,432
906
2,239,500
$193,406
premium of $2,240,000 bonds, or less than 9 per cent on
the amount of purchased bonds.”
In regard to the bond and stock issues of the
company, the
report states: “ The old issues existing before the lease are
unchangeable, except subject to operation of the sinking fund
or renewal of
existing bonds, if their renewal should prove
desirable or profitable, and with consent of lessee. The new
issue since the lease, under Article XVI.
thereof, ‘ guaranteed
special stock,’ commonly known as ‘betterment stock,’ is
carefully watched, and only made after completion of the
work, delivery of the rolling stock, perfection of title to real
estate, &c., for which it is issuable, so that it represents, as
near as possible,
only value received under the lease stipula¬
tions. The old stock is generally held for
permanent invest¬
ment ; the improvement
apparent in last year’s business re¬
sults,- the decided tendency on the part of our Board of
as
$1,124,352
Baltimore & Potomac.
(For the
ending December 31, 1878.)
year
This road, from Baltimore to
Washington, is controlled by the
Pennsylvania, and its bonds are guaranteed jointly by that
company and the Northern Central.
For the year ending December 31, the earnings and expense*
were as
follows
:
Gross earnings
Expenses
1878.
1877.
$639,076
$646,322
546,186
534,534
Inc.
Net earning..s
$92,890
$111,788
The earnings and expenses were divided
lines as follows:
Washington
Gross earnings
Expenses
Net
or
;.
deficit
GENERAL
Net.
or
Dec.
P.
c.
Dec. $7,246
Inc. 11,652
1*1
2‘2
Dec.$18,895
16’9
between the two
Pope’s Creek
Line.
Line.
$600,214
$38,8^2
$639,076
476,141
70,044
546,186
$124,072 Def.$31,182
Net. $92,890
INVESTMENT
Total.
NEWS.
Phesapeake & Ohio Canal.—The annual report contains the
following: The canal tonnage for the year 1878 was 630,290
tons, of which amount 594,241 tons
were delivered at tide-water.
delivered at Williamsport 33,121 tons, and the
remainder at various points on the line of the canal. The
increase in canal tonnage over 1877 was 27,194 tons, The toll
There
were
June
36 cents for the whole distance, Cumberland to
Georgetown. Total receipts from all sources outside of loans
$289,457; increase in receipts over 1877, $58,732. Total expenses
for pay of officers and ordinary expenses during the year
$178,525; cost of wharfage, acquisition of lands and interes;
charged
599
THE CHRONICLE
14, 1879 ]
were
Said
during
$55,444;
expenditures
the year,
o
image
totalaccount
by freshet
of 1877,
$161,752;
making on
disburse¬
Actual net revenue over ordinary expenses
On the first day of January, 1878, there was a balance
in the banks to the credit of the company of $16,968; receivec
from tolls, wharfage and trimming, $275,588; from rents, $9,310
making total receipts for the year $301,868. They have sole.
seventy-seven repair bonds, $1,000 each, at par, $77,000;
received from temporary loans, $60,000; making total to be
accounted for, $438,868; disbursements, as heretofore given
$395,722; leaving a balance in the hands of the treasurer on
January 1, 1879, of $43,145.
Chicago & Alton—The American Exchange says of this
company: “It is stated that the Chicago & Alton Railroad
Company has issued and placed $1,000,000 preferred stock,
secured upon its Kansas City line, which is operated under the
organization of the Louisiana & Missouri River Railroad Com¬
pany. A 6 per cent annual dividend is guaranteed on the stock
by the Chicago & Alton Railroad Company. The total amount
of its authorized issue, under the plan adopted for the construc¬
tion of the Louisiana & Missouri River Railroad, is $1,750,000.
ments, $395,722.
$82,525.
(N. J.) Finances.*—The Singer Sewing-Ma¬
has brought suit against the city of Elizabeth
for nearly $700,000 bonds held by it, on which default has been
made ; the Mutual Benefit Life Insurance company and other
holders of Elizabeth bonds have also commenced suit, and the
result of the litigation will be watched with great interest
Flint & Pere Marquette.—The Boston Herald gave a special
despatch from New Bedford, which says :
Elizabeth City
chine company
A committee of mortgage bondholders of the Flint & Pere Mar¬
quette Railroad is engaged in preparing a plan for foreclosing
the mortgage, and organizing a new company to control ana
operate the road, by converting the bonds into stock. A large
amount of the bonds is held in New Bedford, Boston and other
places East. The re-organization will result in delaying the
payment of the July coupon on the bonds of the Holly Wayne
& Monroe road.
Florida Central*—Notice is given 'that "under and in pur¬
of a decree made by the u. S. Circuit Court, dated the
suance
31st
day of May, 1879, the
special masters appointed for that
will sell at public vendue, at the Post Office in Jack¬
sonville, Florida, on the fifteenth day of September, A. D. 1879,
the following described property, viz.: The railroad running
from Lake City to Jacksonville, in said District, together with
purpose
all the property, privileges, and franchises pertaining
the same being known as the Florida Central Railroad.
thereto,
Hartford Ci tv Finances*—The Hartford Time* says: “When,
by the Alton Company was taken by Messrs. a few months since, the New England road paid up the $500,000
Jesup, Paton & Co., of this city, and parties in Norwich, Conn. of the Hartford Providence & Fishkill bonds, Mr. Brown, the
A member of the firm of Jesup, Paton & Co. said on Saturday
that the proceeds of the sale of the stock were to be applied to City Treasurer, found that he had about $350,000 in cash
the securities in the sinking fund, purchased to cover
the equipment of the Kansas City line of the Alton Company. besides
those bonds. In December last he used this ready cash in the
He declined to state what was the price given by the original
subscribers, but he said that it would not be offered to the purchase of 4 per cent United States bonds. He oought them
at 99% and 1-16 discount, paying $249,218 75 for the $250,000 of
public at less than par. It is also stated that the Chicago &
Alton Company contemplates the organization of the Glasgow registered bonds, which he has just sold to take up $200,000 of
water bonds becoming due June 1, and*to meet the $60,000
Bridge Company, and the issue of $1,000,000 bonds, secured which the city owes to the Capitol Commissioners. The water
upon the bridge property.
The bonds will be placed in the bonds bear 6 per cent interest. Mr. Brown disposed of the
treasury of the Alton Company, it is stated, to be used only as
of bonds a few days since (on the day that they
required for contingent expenses. They will be guaranteed 7 $250,000
brought the highest price yet paid) for 103%. Mr. Redfiela,
per cent annual interest by the Alton Company. The original
estimate of the cost of building and equipping the Alton’s president of the Phoenix Bank, managed the purchase and sale
for Mr. Brown without any expense to the city. The account
Kansas City line was $3,000,000. The actual cost, it is now
of the treasurer in this bond transaction is as follows:
believed, has been somewhat nearly double that amount.”
Received for $250,000
$258,437
Detroit & Bay Citv.—The annual report shows earnings for Received for interest
3,054
the year ending April 30, 1879, of $388,885; operating expenses,
$261,492
$287,206; taxes, $6,682; total disbursements, $293,889; net earn¬ PaidTotal.
for the bonds
249,218
ings, $94,995. These figures, compared with those of the
Advance in five months
$12,273
preceding year, show a gross increase of $30,491, and $10,276 in
net earnings. The report sets Jorth that ever since the road
Almost 12 per cent. Mr. Brown still holds $100,000 of the 4
was constructed all its rolling stock has been rented from the
3er cent registered bonds.”
Michigan Central Railroad. This being found an expensive
International & Great Northern.—In pursuance of the re¬
method of doing business, the company, during the last year,
construction plan, this road is to be sold at Austin, Tex., July
has been equipped throughout with its own rolling stock, both
31, under decrees of foreclosure. It will be sold in two lots,
cars and engines, and that of the Michigan Central has been
under the two separate first mortgages, one consisting of the
withdrawn.
253 miles of the former Houston & Great Northern road, the
During the years 1877 and 1878 the earnings of the road other of the 266 miles of the former International road. The
have been applied, so far as they would go, to the building of a
i;erms for each division are the same : Minimum price $500,000,
branch road from Vassar to Cairo, and also from Vassar to two and the
buyers must pay $25,000 at the time of sale, with such
cities of Saginaw. The road has not. at any time in the past,
.urther sum in cash as may be needed to pay receivers* debts,
earned money enough to meet the interest accruing on bonds.
costs of sale and other charges. For the rest, the bonds and
It had for several years been managed as part of the Michigan
overdue coupons will be received at their pro rata value.
Central Railroad system, and its net earnings used in the
Jacksonville Pensacola & Mobile.—Notice is given that
purchase of equipments and for other improvements. The
road and its equipments were, last January, placed in the con¬ under and in pursuance of a decree made by the U. S. Circuit
trol of the Farmers’ Loan & Trust Company, of New York, to Court, dated May 31, 1879, the special masters appointed for
hat purpose will sell at public vendue, at the Post Office in
be managed for the bondholders, and it is now managed and
its agents appointed by that company. The funded debt of the Jacksonville, Florida, on the fifteenth day of September, A. D.
road is the amount of the construction mortgage bonds, of 1879, the following described property, viz.: The railroad
$2,330,000 and the interest in arrears upon them, to which is to running from Lake City to Chattahoochee with branch to
be now added the amount'of the cost of the two branches, and Monticello, and also branch road from Tallahassee to St.
equipment of rolling stock and power over and above the earn¬ Marks, together with all the property, privileges, and franchises
ings applied toward the purchase of the same, as above stated, pertaining thereto; the same being known as the Jacksonville
which is $347,000. The net earnings of the year were about Pensacola & Mobile Railroad.
five per cent of the whole bonded debt. The total length of
Kansas City St. Joseph & Council Blnffs.—The gross
the road now operated, including the new branches, is. 145%
earnings
of this road for the first four months of this year,
miles.
compared with the earnings the same time last year were as
The stock sold
“
,
i
Eastern Railroad in
New Hampshire.—The annual statement follows:
that since the last annual report the directors have effected
a compromise, which has been accepted by the corporation, and
leased to the Eastern Railroad Company of Massachusetts this
railroad for a term of sixty years and two months from October
1, 1878, at a rental equal to 4^ per cent per annum upon the
capital stock, dating back from June 1,1877. All litigation has
closed, and, so far a3 practicable, all bills for legal services have
been paid. On January 6 a cash dividend of 3% per cent, and
a return to the contributors of the 1 per cent paid by them to
carry on the suits, with interest, was paid.
The funds on hand
will pay all liabilities, and the road expects hereafter to make
semi-annual dividends of 2% per cent. The leases and con¬
tracts are all properly recorded, and as the income is known
and fixed, no future report seems needed. The financial state¬
says
ment of the road is as follows:
JUNE 26,1878.
$3,358
By balance on hand
Eastern Railroad
Eastern Railroad
Contributions from share¬
holders
Interest
Total
Dividend of 2H per cent
and after June 16.
April
30,1879.
dividends paid
dividends paid (old)....
Contributions returned....
Legal expenses
Sundry expenses
To
To
22,500
11,250
9
60
Balance on
hand
$37,178
is payable at the Treasurer’s
$16,618
40
3,874
7,856
504
8,234
.
office, Boston, on
$501,808
1878
1879.:::.:
Increase
*
*
$531,381
$29,573
bondholders are notified
States Circuit Court at
Leavenworth,"4th June, and in accordance therewith, the United
States Trust Company will on and after Wednesday, 11th June,
make the payments required by said decree upon all assented
Kansas Pacific.—Denver Extension
that under the decree of the United
bonds.
Louisville Cincinnati & Lexington. -A dispatch
ville, Ky., June 4, said : “ A local syndicate was
from Louis¬
consummated
the stock of the Louis¬
ville Cincinnati & Lexington, or Short Line Railroad, as it is
best known. They have nearly $800,000 of preferred stock, and
$395,000 of common. This is about 60 per cent of the whole
issue, and the members are bound among themselves not to sell
until it shall go above par. The preferred stock is now worth
49.
There was a sale of the common stock recently at 25. The
Courier Journal expresses the opinion that the object of the
syndicate is to prevent the Chesapeake & Ohio Company from
acquiring control of the property by purchasing the stock, a
majority of which would now cost about $750,000.”
yesterday for the purpose of controlling
600
THE CHRONICLE.
[Vox,. XXVIII.
Louisville & Nashville.—The Louisville Courier Journal of
says:
The opinion has prevailed since the action of the
General Council authorizing the sale of the Louisville & Nash¬
ville Railroad stock, should the people so decide
by vote, that
Clark, and Newbold, $500,000 at 101*13, $200,000 at 101*14,
$200,000 at 101*26, $100,000 at 101*07; Townsend, Wheelan &
Co., Philadelphia, $500,000 at 101 *07%, and$165,000 at 101*03^;
James T. Young, Philadelphia, $150,000 at 101*05 to 101
55;
the sinking fund commissioners would then, if
they deemed Reliance Insurance Company, Philadelphia, $25,000 at 101*15 to
proper, put 18,500 shares on the market. It has been generally 101*75.
thought that the city’s salable stock consists of this amount,
Reading & Lehigh.—This road, formerly the Berks County
but Louisville can really sell only 9,000 shares, she
holding the road, is to be sold in
Philadelphia, Sept. 23, under a mortgage
remainder with the right to draw interest, but not to
dispose of.” for $1,500,000. The road
was sold once before at sheriff’s sale
Market Street (Phihvlelphia) Railway Stock.—The
report and bought by the creditors, who organized the present com¬
\)f David W. Sellers, the master appointed
by the Court of pany and leased to the Philadelphia & Reading Company. The
Common Pleas in the suits against the West
Philadelphia road is 45 miles long, from Reading, Pa., to Slatington.
Passenger Railway Company, holds that the company is liable
Wabash.—At a meeting of the Governing Committee of the
for the over-issue of stock set afloat by
John S. Morton, late
president of that road. The report shows by whom the over¬ Stock Exchange, the following securities were added to the list:
Wabash Railway Company funded interest
issue is held, and that the
bonds, issued to
aggregate amount advanced upon it
is about $1,000,000.
It states that of the amount of authorized retire scrip given for funded interest on the various divisional
bonds of the company. The interest on these bonds is
shares of the company, 8,000 were
duly issued in obedience to
payable
the charter. These shares were worth $160 each before the semi-annually, February and August, in New York. The bonds
officer’s misdemeanor in the over-issue was known. Therefore are in denominations of $1,000 and $500 each, bear date
August
the inherent value of the corporate
property and franchises to 1, 1877, and mature February 1, 1907, and are secured by the
the shareholders is $1,280,000. But the master finds that the deposit with the Metropolitan National Bank of New York of
holder is only entitled to a decree for the inherent value of each coupons from the bonds of the various divisions of the road as
follows:
share as the same is affected by the total
issue, valid and
invalid, which represents a claim against the corporation. The Toloilo & Illinois Division bonds, A, 1 to 26 inclusive, of
$1,000 cadi
total amount of valid shares being certified as
$26,000
8,000, and the Toledo & Illinois Division bonds, A, 27 to 226
inclusive, of
over-issue being 9,207, making an aggregate of 17,207 shares,
$500 each
100,000
and the value of the corporate
property being $1,280,000, the
Total
master finds that each share,
$126,000
regular and irregular, has a value Lake Erie Wabash & St.
Louis, A, 227 to 326 inclusive, of
■of $74 and a fraction. The charter of the
company authorizes
$1,000 each
only 10,000 shares, but an act of the Assembly authorizing Lake Erie Wabash & St. Louis, A, 327 to 826 inclusive, of$100,000
$500 each
corporations to increase their capital stock permits it to be
250,000
increased fifty per cent which will leave
only 2,207 shares short
Total
of the number to be met.
Following the report is the decree Great Western first mortgage, A, 827 to 926 inclusive, of $1,000$350,000
each
ordering the company to pay to the various holders the sum of
$100,000
4>75 on each share of stock held by them, with interest from Great Western first mortgage, A, 927 to 1,426 inclusive, of $500
each
the maturity of the debt for which the same is held.
250,000
Total
Metropolitan Elevated.—There were placed on the Stock
$350,000
<fc Southern Iowa, A, 1,427 to 1,446
inclusive, of $1,000
Exchange list $3,000,000 additional first mortgage bonds of the Illinois
each
$20,000
Metropolitan Elevated Railway Company, in denominations Illinois & Southern
Iowa, A, 1,447 to 1,490 inclusive, of $500
of $1,000, and numbered 3,001
each,
upward. The company is
22,000
authorized under the mortgage to issue $600,000 first
mortgage
Total
bonds per mile of road ready for
$42,000
operation.
—All of the second mortgage oonds
The above bonds bear interest at the rate of 7
per cent per
outstanding of the annum.
Metropolitan Elevated Railroad Company have been canceled
and destroyed, according to the
& East St. Louis, A, 1,491 to 1,662
tripartite agreement between Decatur
inclusive, of $1,000
each
the two elevated railroad
$172,000
companies and Manhattan Company. Decatur & East St. Louis,
A, 1,663 to 2,263 inclusive, of $500
N. Y. Lake Erie & Western.—The figures of the
each
gross and
300,500
net earnings of Erie, for
March, have been received from
Total
London. The month shows an
$472,500
improvement. The statement Quincy
May 4
,
.
-
„
.
is
as
follows:
1
Erie Reconstruction
Trustees, \
Queen Victoria St., E. C., May 26, 1879. >
The Secretary of the company hands us the
following comparative
statement of earnings and working expenses of the
New York Lake Erie
& Western Railroad for the month of
March, 1878 and 1879
1878.
Gross earnings
Working
$1,147,207 93
expenses
825,369 47
:
1879.
$t,356,779 90
945,005 52
Net
earnings
$321,838 46
$411,774 38
Showing an increase in net earnings for the month of $89,935. The
net earnings for the first six months of the
present financial year, com¬
pared with those of the
.$343,268.
same
period last jear, show
a
& Toledo, A, 2,264 to 2,288 inclusive, of $1,000 each..
Quincy A Toledo, A, 2,289 to 2,413 inclusive, of $500 each....
preferred stock
$8,146,000, and the capital stock $77,107,700, making a grand
total of $152,072,603. The amount
required to pay interest on
the bonded debtuinder the scheme amounts in the
present year
to $2,050,084, in 1880 to
$3,987,878, and in 1884, when it reaches
the maximum, $4,314,884. The net
receipts forjthe year ending in
1878 amounted to $5,100,000. and after
deducting rentals and
•loss on some of the leased lines came to within
$350,000 of
62,500
Total
$87,500
Toledo & Wabash second
mortgage, B, 1 to 55 inclusive, of
$1,000 each
-
Toledo & Wabash second
$500 each
mortgage, B, 56 to 200 inclusive, of
Wabash & Western second
of $1,000 each
:
Wabash & Western second
of $500 each
$127,500
mortgage, B, 201 to 270 inclusive,
mortgage, B, 271 to 655 inclusive,
Total..
Great Western second
$1,000 each
Great Western second
$500 each
$55,000
72,500
Total
decrease of
—A circular lately issued from London
by the reconstruction
trustees of the Erie contains the
following :
“
The bonded debt aggregates
$66,818,203, the
$25,000
$70,000
192,500
$262,500
mortgage, B, 656 to 805 inclusive, of
mortgage, B, 806 to 1,380 inclusive, of
Total
Consolidated convertible, C, 1 to 220 inclusive, of $1,000 each.
Consolidated convertible, C, 221 to 1,054 inclusive, of $500 each
150,000
287,500
$437,500
$220,000
417,000
Total
$637,000
The last mentioned bear interest as below :
At the rate of 4 per cent per annum to
August 1, 1879 ; at
the rate of 5 per cent from August 1, 1879, to
August 1, 1880,
and at the rate of 6 per cent per annum thereafter. All the
bonds from which the above coupons are funded are on the
meeting the whole bonded debt in full, as reached in 1884.
The opening of the Hoosac tunnel next month will allow
free access into Boston and the New
England States, and will
give great facilities for the development of the coal traffic, as
regular list of the Stock Exchange.
well as providing an inlet for
passengers and goods which they
The new bonds will be called (1): Wabash funded interest
did not possess before. The
importance of this can only be bonds, issued for first
realized when it is considered that half the whole traffic of the
mortgage scrip on main line, includes
Toledo & Illinois, Lake Erie Wabash & St. Louis and
New York Central is derived from the New
England States. In Great Western first.
(2) Wabash funded interest bonds, is¬
1873 the traffic of the Erie Railway amounted to over
$20,000,000, and for the year ending 1878, according to Sir Edward sued for first mortgage scrip on Illinois & Southern Iowa
Division.
funded interest bonds, issued for first
Watkin’s statement at the meeting, to
$16,400,000; it may be mortgage (3) Wabash
on
Decatur
scrip
& East St. Louis Division.
(4)
assumed
for
fairly
that
1879-80, considering the advantages of Wabash funded interest
bonds, issued for first mortgage scrip
the third rail and their access to the New
England States, they on Quincy & Toledo Division.
will amount to $18,000,000 ; and if the
(5) Wabash funded interest
expenses are taken at 65
bonds, issued for second mortgage scrip on main line, includes
per cent, being only a reduction of 3 per cent (the
Pennsylvania Toledo & Wabash second mortgage, Wabash & Western
and New York Central being
worked at 57 and 59 per cent) the second
net earnings will amount to
mortgage, Great Western second mortgage. (6)
$6,300,000.”
Wabash funded interest bonds, issued for scrip of consolidated
Pennsylvania State Bonds.—The sinking fund commission¬ convertible bonds of Toledo Wabash & Western
Railway.
ers of the State
opened bids June 10 for a loan or $2,000,000,
—A despatch from Quincy, Ill., June 7, said : “ The
negotia¬
which was put on the market for the
redemption of a 6 per cent tions which have been going on between Jay Gould on the part,
loan now reimbursable. Bids were asked for a
4, 4^ and 5 of the Wabash Railroad, and the owners of the Quincy Missouri
per cent loans. There were a large number of bidders,
the price & Pacific Railroad, have resulted in the lease of the latter to
-offered ranging as high as 102*51 for the 4
per cent loans, the Wabash for ninety-nine years. The officers of the Quincy
105*77 for the 4^, and 111*06 for the 5
per cent.
The commis¬ Missouri & Pacific Railroad will at once sign the papers, and
sioners decided to accept bids for a 4
per cent loan, and awarded the old company will finish the road to Milan, Sullivan
County,
it as follows: First National Bank,
York, $10,000 at 102*51; Mo., and the Wabash will extend it at once to
points beyond
P. A. & A. Small, York, $125,000 at 101*25 to
102*28; N. H. Albany, to
with the North Missouri, now being built to
Yoeghtly, Allegheny City, $25,000 at 101*50; Drexel & Co., Omaha.” connect
“
June 14,
THE CHRONICLE.
1879.]
ght Ccmtmmml jinxes.
CO
MMEttCIAxTEPITOMK
Friday Night, June 13, 1879.
general trade continues good for the season.
The export
movement in breadstuffs and provisions is still large, and
articles of importation meet with a fair distributing demand.
The
ability of the people to take and pay for merchandise
seems
to be
on
the increase.
There has been
some severe
601
OOTTON.
Friday. P. M., June 13, 18791
The Movement op the Crop, as indicated by our
telegrams*
from the South to-night, is given below.
For the week ending
this evening (June 13), the total receipts have reached 6,612bales, against 11,089 bales last week, 17,113 bales the previous'
week, and 16,673 bales three weeks since; making the total*
receipts since the 1st of September, 1878, 4,407,422 bales, against
4,219,715 bales for the same period of 1877-8, showing an increase
since September 1, 1878, of 187,707 bales.
The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
.
doing damage to vegetation; Receipts this w’k at
1879.
1878.
1877.
1876.
1875.
but from Southern and Middle latitudes accounts of the growing
New Orleans
938
2,146
2,543
3,232
1,031
crop have been reasonably good.
Mobile
165
866
607
181
239
The course of the provision market during the past week has Charleston
361
249
243
418
996
231
8
92
313
been upward, the stimulus being the advices from the West¬ Port Royal, &c
765
763
2,068
1,052
1,818
ern markets; and yet' the business here is more active.
At Savannah
Galveston
333
631
480
171
1,507
to-day’s market further advances were noted, with business of Indianola, &c
11
54
very fair limits ; old mess pork quoted at §9.35@$9.50 ; new Tennessee, &c
1,898
2,510
1,225
2,981
5,836
mess at $10.20@$10.35 on the spot; June options quoted at
Florida
29
7
$10.30 asked ; July, $10.10@§10.40 ; August, $10.30@$10.35 ; North Carolina
163
276
107
143
498
September, $10.40@§10.45 bid and asked. Lard was quite Norfolk
629
1,744
1,117
1,376
2,161
active at 6.37^2C. for prime city on the spot, and 6.42/£@6.47/£c.
262
62
27
38
for do. Western; sales for June were reported at 6.45c., July at City Point, &c
6.50c., August at 6.57/6@6.60c., and September at 6.62^@
Total this week
8,526
11,231
8,444
6,612
12,838
6.67/6c.; refined for the Continent at 6.85c. Bacon quoted at
Total since Sept. 1. 4,407,422 4,219,715 3,923,562 4,037,057 3,435,134
5%c. bid for long clear, and 5%c. asked for long and short
together. There was a large business in dry salted shoulders
The exports for the week ending this evening reach a total of
for export at 4%c. on the spot, and 4.22^c. to arrive. Beef
hams sold fairly at $17.25@$17.75, but beef was less active, 11,269 bales, of which 6,312 were to Great Britain, 4,596 to
France, and 361 to rest of the Continent, while the stocks as
though firm. Butter and cheese have shown much irregularity made
up this evening are now 225,565 bales.
Below are the
and weakness under superfluous supplies and lessened de¬
stocks and exports for the week, and also for the corresponding
mands. Tallow has latterly been more active and steadier at
week of last season:
5 15-16e.@6c. for prime city.
There has been no change in Rio coffee during the past week,
00 o
EXPORTED TO—
Week
Total
Same
and latterly very little business, owing to the smallness of the
this
Week
ending
Conti¬
Great
Week.
1878.
1879.
1878.
supply, the stock here having dwindled down at the close to June 13. Britain. France. nent.
36,879 bags in first hands; fair cargoes are still quoted at
4,328
11,654 39,190 47,611
4,328
13%c. Maracaibo has been active, the sales reaching about N. Orl’ns
Mobile..
2,874
5,695*
12,000 bags within the range of ll@16c.; 2,200 bags Mexican have
1.18S
Charl’t’n
1,080
also been sold at 14@15/£c. Rice has sold moderately at some
2,919
2,696
Savan’h.
decline, the result of a less urgent demand.
3,256
5,548
Refining molasses in the fore part of the week was more Galv’t’n268
361
131,925
N.
3,194
151,593
York.
4,481
3,852
active ana several thousand hogsheads sold at 25c. for 50-test
2.430
5,653
2,003
Cuba and 25^@26c. for the same test Porto Rico, but latterly Norfolk20,000*
2,251
19,000
2,460
2,460
the market has been quiet at these prices ; grades have been Other*..
••••
quiet at the recent quotations. Raw sugar was rather quiet Tot. this
until near the close of the week when large transactions took
361
19,102 225,565 217,096;
11,269
week..
4,596
6,312
place and prices advanced a trifle. The market closes less
active. The importers have a restricted market for raw sugar Tot.since
here now and noticeable activity in trade is less frequent than
8ept. 1. 1988,243 409,095 914,260 3311,598 3238,202
formerly, owing to the fact that* many of the large refiners are
The exports this week under the head of “ other ports” include, from Bos*
importing on their own account. The following shows the ton, 2,460 bales to Liverpool.
stock held by importers, according to the running count:
From the foregoing statement it will be seen that, compared
Boxes.
Hhds.
Bags.
Melado. with the corresponding week of last season, there is a decrease
Receipts since June 1,1879
32,459
15,349
1,340 in the exports this week of 7,833 bales, while the stocks to-night
588
Sales since
20,801
29
6,618
621
Stock June 11, 1879
3,501 are 8,469 bales wore than they were at this time a year ago.
79,344. 26,431
778,210
Stock June 12,1878
11,982
61,782
137,702
1,028
In addition to above exports, our telegrams to-night also give
Refined sugars have latterly been more active, and the lower us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,,
grades of soft have advanced; crushed, 8/6@8%c.
The trade in Kentucky tobacco continues to be limited, in the which are prepared for our special use by Messrs. Carey, Yale &
absence of an export demand, and the sales for the week are only Lambert, 60 Beaver street:
450 hhds., of which 350 for home consumption.
Prices, how¬
On Shipboard, not cleared—for
ever, remain quite firm ; lugs, 3e.@5c., and leaf 5/£c.@14c., the
June 13, at—
Coast¬
Other
Liver¬
Stock.
Total.
higher figure for selections. The movement in seed leaf has
France.
Foreign wise.
pool.
also been comparatively small, and sales for the week are only
None.
28,500*
10,750
None.
1,037 cases, as follows : 300 cases 1877 crop, New England, 12c. Now OrlAans
9,500
1,250
None.
None.
2,87*
None.
None.
None.
to 20c. ; 400 cases 1878 crop, Housatonic, p. t.; 100 cases 1877 Mobile
60
60
1,020
None.
None.
None.
Charleston
550
crop, Pennsylvania, 10c. to 21c.; 137 cases 1878 crop, Wisconsin, Savannah
50
2,369
None.
500
None.
None.
Havana seed, 17c.; and 100 cases sundries, 9c. to 12/^c. Span¬ Galveston
None.
3,256
None.
None.
None.
None.
None
*3,200 148,395
None.
ish tobacco in fair demand"; sales 500 bales Havana at 82c. to New York
2,700
weather in Northern latitudes,
*
,
....
...
•
.
•
•
....
....
....
....
.
....
....
....
....
....
•
....
....
....
....
....
....
....
....
....
....
....
•
•
.
•
.
.
.
.
.
.
....
♦
♦
'
$1.10.
The rates for ocean freight room have undergone but few
changes during the week; the tone remains about steady at
the present low status. Business has been of very fair and at
times liberal proportions.
Late engagements and charters
include : Grain to Liverpool, by steam, 5d. 60 lbs.; provisions,
27s. 6d.@30s.; grain, by sail, 4d.@4%d., 60 lbs., inside rate to
fill; grain to London, by steam, 6^d.; do., by sail, 6d., and
flour 2s.; grain to Bristol, by steam, 6d.; do. to Glasgow and
Hull, by steam, 5%d.; grain to east coast of Ireland, 4s. 2d.@
4s. 4^d. per qr.; do. to Cork for orders, 4s. 8d.@4s. 9d.; do. to
Continent, 4s. 8d.; do., by steamer, to Barcelona, 5s. 6d.; re¬
fined petroleum, to Bremen or Antwerp, 3s.; do., to London,
3s.; cases to Messina, 22c.; do. to Salonica, 24c.; do. to Bremen,
2s. 10^d.; do. to Trieste, 4s. l^d.
Naval stores have continued very quiet, with prices more or
less nominal at 26/£c. for spirits turpentine, and $1.30@$1.35
good strained rosins. Petroleum has been
gradually declining, with a liberal movement noted in conse¬
quence, particularly in the fore part of the week ; refined, in
bbls., closes here at 7%c., and cases at 9%c.@10Mc. American
and Scotch pig irons have been quiet, but still firm. Steel
rails sold to the extent of 20,000 bins for Western delivery
from August, 1879, to April, 1880, part at $48.25 Wool has
tterly been less active, but all prices are still firmly sustained,
a got copper remains firm at 16/6c.@16%c. for Lake.
Whiskey
for
common
nurmerat
to
$1.08
Other ports
3,000
None.
None.
1,000
4,000
20,653
Total
15,700
1,250
None.
1,110
18,560
207,065
T
1UU1UUUU Ill LJLllO UlUUUUb tUCiC
r
ai c t/W UCWvO
——
destination of which we cannot learn.
the movement of
latest mail dates:
The following is our usual table showing
cotton at all the ports from Sept. 1 to June 6, the
RECEIPTS SINCE
SEPT.
Ports.
1878.
1.
1877.
N.Orlns 1167,090 1359,741
409,338
456,371
5S7,164
440,460
Mobile.
360,731
Char’n*
513,599
Sav’h..
701,563
Galv*.
558,244
N. York
N. Car.
147,259
56,385
134,505
Norf’k*
556,984
141,465
500,558
Other..
204,450
156,746
Florida
rhisyr. 4400,810
Lastyr.
-•••
142,442
14,199
EXPOR TED 8INC E SEPT.
Great
Britain.
France.
Other
Foreign
1 TO—
Stoolb.
Total.
656,272 211,291 344,777 1212,340 45,061
3,178
57,954 35,583 29,677 123,214
383,693
1,373
176,143
150,410 57,140
461,355
2,868
232,677
205,032 23,646
4,458
347,006
59.478
64,010
223,518
230,325 12,135 24,495 266,955 158,660
135
15,853
1,967
13,756
390
65,111
2,050 18,589
44,472
6,472
713
5,098 195,538
189,727
496 18,298 229.259 14,500
210,465
1981,931 404,499 913,899 3300,32 j 236,960
4208,484 2070,432 485,795 662,873 3219,100 254,016
Royal, Ac^ under the head of
of Norfolk is included Citjr
*
Under the head of Charleston is included Port
Galveston is included Indianola, Ac.; under the head
Point, Ac.
007.9
602
THE CHRONICLE
0
7
.
3
0 1
[Vol. XXVIII.
0
5
.
1
00002799..591.21
The market has been
greatly depressed the past week, not,
however, without some irregularity. Cotton on the spot has
been very dull.
Quotations were advanced, nominally, 1-I6c. on
Monday, to 13|c. for Middling Uplands, but were reduced £c. on
'Tuesday, and again on Wednesday, to 121c. for Middling Uplands.
Yesterday, the market was stronger, but quiet, and not quotably
higher. To-day, there was a decline of l-16c., Middling Uplands
closing at 12 13-1 (jc., a decline of ^c. for the week. For future
delivery, there was some irregularity, but in the main a declin¬
ing tendency up to the opening of yesterday, when, from the
closing bids of the previous Friday, there was a decline of 25®
30 hundredths.
Yesterday, with better advices from Europe,
And the apparent subsidence of the pressure to sell, a decided
recovery took place in the later dealings.
There was consider¬
able selling to realize early in the week, and a leading member
of the bull party was understood to have closed out.
The favor¬
able reports from the Southern exchanges, on the condition of
the growing crop, were a depressing influence. To-day, under
reports of the small takings by the Manchester spinners and the
failure of Liverpo 1 to respond to our advance of yesterday, there
was a sharp decline,
the closing bids being about 25(3)60 hun¬
dredths below last Friday, September declining most, under the
Bales.
9.300
5,100.......
6.600
2 600
092.21
012943.1
favorable crop reports.
The total sales for forward
delivery for the week
627,900
bales, including — free on board. For immediate delivery the
total sales foot up this week 1,606 bales, including 200 for
export,
1,402 for consumption, 4 for speculation, and— in transit. Of
the above, 700 bales were to arrive.
The following tables show
the official quotations and sales for each day of the past week:
UPLANDS.
June 7 to
June 13.
Sat.
Strict Ord..
Good Ord..
Str. G’d Ord
Low Midd%
Str. L’wMid
liuie
I2i16
127.6
121116
1-21316
12
123s
125s
12%
1215ie
11%
11_ 16 12%
12316 12%
129.6 12%
119J6
1211.6 1278
12 78
131.6
13
133.6
13
Middling... 13%6 131s
Good Mid
1338
137.6 135.6
Str. G’d Mid 1358
13itlfl 139.6
Midd’g Fair 145i6 1438 14%
Fair
15516 1533
15%
13%
1334
..
Wed
e
Th,
|
1113.6 llHie
123.6 121,6
129.6 127.6
1213.6 1211x6
121516 1213.6
Wed
STAINED.
15%
Th.
111316
123.6
129.6
1213.6
1215.6
12%
13
13%
13%
U9j« 119.6
131x6 13%
133.6 13%
13%
139.6
13%
1313.6
147.6 14%
13%
1430
1530
15%
157.6
Frl.
Wed
11%
1215.6
120.6
129.6
121116
129.6 129.6 12%
121 %6 1211.6 12%
1278
12%
1213.6 12%
13
13
135.6
139.6
14%
15%
liuie
12%6
127i6
1211X6
1213.6
13%
13716
1311.6
1430
1538
11%
125.6 12%
129.6 12%
1211.6 12%
1213.6
1215.6
135.6 135.6 13%
139.6 139.6 13%
14%
14%
143.6
15%
Mon Tues Wed
11%
12%
Th.
11%
11%
12
12
153.6
Frl.
fity.
129.6 125.6 125.6 12%
121%6 1211.6 129.6 129.6 12%
8ALES OF 8POT AND TRAN8IT.
Sat..
Mon
Tues.
Wed
Thurs
Fri.
.
.
Dull, % reduct’n.
Dull, % decline..
104
251
403
308
Quiet
Quiet, i,6 decline
.
Total
39
237
I
200
200
....
"4
4
1,402
....
Sales.
For June.
Cts.
12-70
12-71
•
100
200
3"0
200
100
100
100
J2-72
12 79
12H2
12-83
1284
12-85
100..
100
12--6
100.
12-92
600
l'-95
100
18-00
300
13-01
200
1-8 06
10O
1307
1,400
1 -08
600
....13 09
700
13-10
1,100
1312
100
1313
300
13 14
100.
13-15
200 8.n.9th 13 16
800 8.n.*th,13 18
300
1318
....
.
..
Cts.
12-90
12-91
12-92
12 93
2,700
12-94
200
300
200
300
12-95
12-97
12-98
12 99
1,300
1300
1,400
1301
400.
200
200
900
300
600
900
8f'0.
100
1305
1306
13 0 7
1308
13-10
1314
700
13-16
100
1.600
900
2'0
800
July.
18-79
l‘i-i-0
1,700
12-81
100
800
12-82
12-84
12-85
2,000
1,300
900
1 900
900
,.l -"86
*»rl2*~7
12-88
12-89
13-02
13 03
1304
13 15
.
7,800
For
800
100
Bales.
400
1/ 00
800
500
39
237
104
05,400
08.500
200
800
99,300
1,100
251 126.700
007 154.800
1,000
308 113,200
400
1,000 627,900
4,200
13 17
1318
13-20
13-21
1 -22
13-23
.13-24
200
100
13- 6
13 28
13-29
13-30
33.000
700
.
5,000...
5,100...
7,100.
5,600...
6.300.
3,400...
9.000...
13,300.
1,700.
.
800.
4.300
4.400
1,600
3,9f;0
3.900
1.200
1,600
300
1,100
2,900.
>00
For August.
12-92
1,300
12-93
12-98
1,800.
800
2.700...
4.700....
8,200.
5,300.
13-38
..
13*01
13-(»2
..
13-41
2.80-1....
2,000....
1,400....
3,900.
.
13-06
1307
13 08
1310
1311
13 12
13 13
13 14
13-15
13 16
13 17
13-18
13 19
13-20
13-21
13-2
13 23
13-24
13-25
13 26
13*27
13-28
13-29
13*30
13-31
13-32
13 33
500
11-73
...1L74
11-75
...11-70
1.500
11-25
11 23
1,100
11*27
0.000.
5,900
200
1,000
11-28
11-29
800
11-30
2,000
2,800
11-33
2.200.
..
.12*90
1
2,000
1,900
600
900
300
...12-94
900
300
1 300
000
8,200
1,8 0
2,300
80)
12-98
...12 9»
...13 00
..
2,200
2,300.,
.
.
i
1,600
1,100
3 500
i
200
400
3,700
000
2.500
2,600.
....
2.500
4,000
5,800..
6.300
3 000
2,800
.13-03
.1304
.13 05
.13-06
.13-07
.13-08
.18-09
.1310
.1311
1312
.13 13
.1314
.1315
.13 16
.1317
.13-18
.13 19
1,000
600
11 91
1,000
11-93
500
500
100
7CC
11-94
11 95
11-90
11-97
800
600
100
600
200
100
.11-99
12-00
12-01
12 02
12-03
12 04
2,800
1205
1,600
12-06
12-07
L2-08
12-09
700
800
1.400
ii-49
.11 50
11-52
11-53
11-4
11-57
11-8
11-59
800
700
400
500
500
.11-40
For Jauuarv.
300
.1118
600.
200
a 000
.11-24
1,300
...
.11-28
100.
23,500
100
400
400
100
*
11-12
11-14
.11-35
.11-90
.11-37
.11-38
.11-40
.11-43
.11-44
.11-45
900..
600.
900
100
100
400
600
200
200
200
.11-29
.11-30
.11-33
.11-34
1,100..
1,109
1,200
.11-27
11-28
.
29,500
F^r December.
.11-2#
.
11-40
11-42
11-43
11-44
11-45
11-48
11 47
31 48
200
400
200
500
400
100
400
11-98
263,100
The
700
.11-23
.11-24
.11-21
700..
300
t-00.
300..
100.
300..
200.
100.
100
1.000
60')..
11-35
11-31
1137
11-38
11-39
400,
11-90
700
2,500.
2.800..
1,800..
1000c.
700.
11-34
1,100
.
8.7' >0..
2,000..
11-31
11- 2
1,100
2,20l*
3,700
For November.
200
11-20
100
11-21
t
3, 00.
100.
900..
; 8,400
following exchange has been made during the week:
100 June for June
10th even.
s. n.
The following will show the range of prices
paid
and the closing bid and asked, at 3 o’clock P. M., on
the past week.
for futures,
each day in
s.
Futures
Saturday.
Monday.
Market.
Irregular.
Irreguler.
Tuesday.
Lower.
For
Day.
High. Low.
13-18-1312
s.n. 13-18-13-10
July.. * 1330-13-23
August. 1348-1337
Sept’b’r 13-19-1307
October 1217-12-06
Nov’ber 11-58-11-48
Dee’ber 11-47-11-30
Jan’ry . 11-47-11-46
June
.
.
“
Closing.
For
Day.
Ciosing.
For
Day.
Closing.
Bid. Ask
High. Low. Bid. Ask High. Low. Bid. Ask
13*12 13 13-18-13-06 13 03 05 1310-12-95 12-96 —
—
13-25
13-40
1311
12 07
11-49
11-36
11-37
—
—
.
—
—
-
—
26 13-25-1316 1310 11
1312-13-27 13-28
—
.
—
1317-12-99i
13-36-13-15
- 13-14-12-90 12-97
1304-12-80
08 12 08-11-93 1 L-94 95 1200-11-84
50 11-50-11-39 11-39 40 11-48-11-36
38 11-38-11-26 11-29
11-33-11-23
39 11-3911-34 11-30 31 11-35-11-25
—
—
—
—
130203
13-20 —
12-87 —
11-86 —
11-37 38
11-25 26
11-26 28
Tr. ord.
13-1 5
13 0 5
Closed.
13-0 0
Steady.
Easy.
Steady.
Futures
Wednesday.
Thursday.
Friday.
Market.
Lower.
Higher.
For
June.
“
..
s.n.
Day.
Closing.
—
.
—
—
Closing.
For
Day.*
Closing.
—
-
...
Tr. ord.
Closed.
Day.
High. Low. Bid. Ask High. IjOW. Bid. Ask High. Low. Bid. Ask
12-95-12-82 12*79 81 12-92-12-70 12-94 95 12-79-12-79 12-78 —
13 02-12-85 12-86 —
August. 13-20-1302 13 04 Sept’b’r 12-84-12-63 12-64 65
October H-86-11‘71 11-74 75
Nov’ber 11-36-11*30 11-31 32
Dec’ber 11-25-11*20 11-21 22
Jan’ry. 11*28-11*24 11-24 25
July
For
12i35
.
13-01-12-80 1300
13-18-12-98 1316
12-79-12-54 12-78
11-86-11-70 11-84
11-3711-26 11-37
11-2811-14 11-27
11-26-1118 11-28
01
17
79
85
39
29
30
12-9 5
Film.
Barely steady.
12-89-12-79 12-78 79
13-10-12-94 12-94 95
12-68-12 49 12-52 53
11-73-11-60 11-62 63
11-30-11-20 11-22 24
11-21-11-12 11-12 14
11-25-11-21 11-14 16
12-8 0
Barely steady.
To 2 P. M.
Cts.
2,400....
.
1.200
Bales.
1.800....
3 000....
800....
..
1.600.
100
12-95
.
..
100...
2.400
2,300...
11,000...
4.900.
6 700...
13-25
300
600
400
700
Cts.
1,000...
.
700.:
*
Bales.
11-72
Cts.
.1115
.1117
.1118
.1119
.11-20
.11-21
.11-22
.
1.900..
1217
79,400
600
Bales.
,500
1213
12 15
12-10
11-67
11-68
11 69
11-70
..11-71
1,200..
1,900
4.600
3,500
100
100
500
2,700
1,100
11 65
11-66
2,700
3,30 *
1,100
3,200
4,000
'600
Deliv¬
eries.
For forward delivery the sales have reached
during the week
627,900 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
Bales.
3,400.
4,500.
...11-63
11 64
.
FUTURES.
Ex¬
ConSpec- Tran¬
port. sump. ul’t’n sit. Total.
Nominal
Adv. 1,6,, nnm...
5,500
Frl.
MARKET AND SALES.
SPOT MARKET
CLOSED.
2,100
1161
1162
Cts.
18 10
1211
1212
13
13
15%
800
100
300
500.
100
2 300
*
Bales.
700....
,200
1215.6 11%
12%
13
1215.6
135.6 13%
139.6 13%
14%
143.6
15%
153.6
Good Ordinary
...# lb. 111310 11%
Strict Good Ordinary....
123,6 12%
Low Middling
12%
129,6
12%
Th.
11916 119.6
1110.6 1llo16 11%
125.6 125.6 12%
Sat.
Middling
400
Mon. Taei
113s
12%
12%
12%
139.6
1313.6
157.6
Ordin’y.$lb ll7ie 117.6 113Q
Strict Ord. 11% llia16 1134
Good Ord.. 12%6 123.6 1210
Str. G’d Ol d 127i6 127.6 123s
Low Midd’g 12916 129.6 121^
Str.L’w Mid 12%
12%
1211,6
Middling... 1278 1278 ,1213,6
Good Mid.. 13316 133.6 1310
Str. G’d Mid 137le 137.6 ,1338
14i0
Midd’g Fair 14*8
141,6
Fair....
1518
15i0
151,6
Sat.
,
1,400
2,100
TEXAS.
Mon Toes
117.6 14%
Frl.
...
4.100
Sat.
For October.
Bales.
Cts.
200..'.
11-60
.
2,100.
1,400
NEW ORLEANS.
in on Toes
Ordin’y.$lb 11%
are
Cts.
.12-71
.12-72
.12 73
.1274
.12-75
12-76
.1277
.12-73
.12-79
.12-80
.13-81
.12-82
12-83
.12-84
.12-85
12 86
9,700
3.100....
13-47
1,100....
1348
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain ar.d the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (June 13), we add the item of
exports from the United States, including in it the exports of
1879.
—
178,200
For September.
200
12-49
2,200
12-50
800
12-51
1,300
....12-52
1.200
12-53
1,000
12-54
4.600
12-55
7,400
12-56
7.900.
12-57
3 400
12-58
500.
12-59
8,000
12-60
500.
12-61
3,600.
12-62
9 400,
12-*3
10,200
12-01
14,400.
12-05
2.900.
12 eo
4.900.
12-67
8 200
1 -66
3 -00
12H9
1270
13,600,
Stock at
Liverpool
591,000
Stock at London
37,500
Total Great Britain stock
187S.
1877.
1876.
858,000 :1,064,000 1,026,000
47,000
12,000
51,750
628,500
370.000 I L,111.000 1,077,750
116 000
230,000
81ock at Marseilles
2,250
6,500
221,750
11,000
Stock at Barcelona
42,000
3,000
23,500
33,500
1,250
51,500
54.000
7,000
41,750
17,000
66,000
12,250
59,750
.
Stock at Havre
Stock at Antwerp
Stock at other conti’ntal ports.
400
6,500
8,250
9,250
18,250
1G.000
187,000
8,000
91,250
15,000
55,500
79,500
15,500
18,750
22,750
Total continental ports....
236,150
439,750
470,250
493,250
Total European stocks..
864,650 1,309,750 ] 1,581.250 1.571,000
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
..
71.000
11,500
June
1879.
1878.
1877.
321,000
351.000
220,000
24,000
309,541
31,380
1876.
445,000
193,000
22.000
326.702
46,608
11,000
2,000
Stock in United States ports
Stock in U. S. interior ports...
225,565
19,197
183,000
151,000
10,000
217,096
18,071
United States exports to-day..
500
8,000
I ndia cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
203.000
12,000
Egypt,Brazil,&c.,aflt for E’r’pe
..
65ied.
1,645,912 1,896,917 2,528,171 2,606,310
Total visible supply...
>Of tlie above, tbe totals of American and t>ther descriptions are as
follows:
A merican—
456,000
198,000
203,000
225,565
19,197
Liverpool stock
Continental stocks
American afloat for Europe...
Unitod States stock
United Srates interior stocks..
United States exports to-day.
500
678,000
377,000
151,000
217,096
18,071
8,000
605,000
343,000
193,000
326,702
46,608
2,000
1,102,262 1,449,167 1,632,921 1,516,310
Total American
Brazil, <£c.—
East Indian,
680,000
381,000
220,000
309,541
31,380
11,000
135,000
Liverpool stock
37,500
38,150
London stock
Continental stocks
India afloat for Europe
321,000
12,000
Egypt, Brazil, &c., afloat
384,000
180,000
12,000
62,750
183,000
10,000
421,000
47,000
51.750
89,250
351,000
24,000
150,250
445,000
22,000
513,650
447,750 895,250 1,090.000
1,102,262 1,449,167 1,632,921 1,516,310
Total East India, &c
Total American
Total visible supply
Price Mid. Upl., Liverpool
.1,645,912 1,896,917 2.528,171 2,606,310
7d.
6»ied.
6»16d.
These figures indicate a decrease in the cotton in sight to-night
of 251,005 bales as compared with the same date of 1878, a de¬
crease of 882,259
bales as compared with the corresponding date
of 1877, and a decrease of 960,398 bales as compared with 1876.
At the Interior Ports the
movement—that is the receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1878—is set out in detail in the following
and
statement:
Week
ending June 13, ’79.
Receipts Shipm’ts
Nashville, Tenn..
64
80
10
62
31
356
8
Total, old ports.
Oil
Augusta, Ga..
Columbus, Ga.
Macon, Ga....
Montgomery, Ala
flelma, Ala
Memphis, Tenn..
Dallas, Texas..
Jefferson, Tex..
Shreveport, La
Vicksburg, Miss
-Columbus, Miss
Eufaula, Ala...
Griffin, Ga
Atlanta, Ga....
Rome, Ga
Charlotte, N. C.
St. Louis, Mo...
Cincinnati, O...
Stock.
3,160
2,347
536
66
220
438
2,029
279
1,264
170
21
208
70
245
58
298
870
3,234
1,021
1,418
1,882
750
9,600
1,344
897
28
1,522
339
194
8,645
1,121
3,233
19,197
1,882
4,451
18,071
43
34
125
253
28
7
146
517
66
29
10
144
449
39
158
62
829
465
79
72
220
100
108
136
395
107
41
167
815
682
55
179
28
847
517
356
1,346
2,433
7,440
2,105
538
1.099
3,750
1,611
2,275
4,630
31
88
5
2i
.
745
Receipts Shipm’ts Stock.
2,072
7
16
207
46
7
16
113
635
Week ending June 14, ’78.
488
322
•
•
•
•
295
852
374
312
Total, new p’rts
1,797
4,348
13,232
3,368
5,638
11,244
Total, all
2,408
7,581
32,429
5,250
10,089
29,315
The above totals show that the old interior stocks have
decreased during the week 2,590 bales, and are to-night 1.126
bales more than at the same period last year.
The receipts at the
same towns have been 1,271 bales less than the same week last
year.
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following:
RECEIPTS FROM PLANTATIONS.
Week
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns
ending—
Mar.
7
It
14.
It
21
*
It
II
4
It
18
25
Mar
2
tl
II
44
9
1ft
23
30
June ft
44
13
1877.
were
90,947
83,266 169,291 192,465 165,619
82,264
78,490
60,202
60,698
54,283
165,747
158,041
151,199
140,649
133,363
128,411
117,074
107,534
97,696
86,876
79,009
67,786
57,509
52,154
6 612
169,636
146,653
131,795
119,991
108,633
159,418
141,612
131,463
116,879
107,005
95,979
91.966
89,142
75,550
65,770
56,433
46,305
39,025
34,154
29,315
87,294
78,962
71,546
59,249
51,429
42,198
37,570
32,429
1877.
1878.
46,855 72,477
40,993 59,435
24,660 52,740
23,555 50,612
15,737 48,082
13,897 40,033
13,058 26,362
15,304 32,019
7,020 17,604
7,471 14,472
4,968 10,760
9,604
4,780
10,940
7,509
6,392(
3,171
....
....
1879.
78,447
72,289
42,396
50,549
39,699
34,977
25,148
31.511
13,^51
11,615
7,600
8,853
7,882
6,461
1,471
the plantations since Sept 1 in
in
4,434.199 bales; in 1877-8 were 4,233,548 bales;
1876-7 were 3,929,838 bales.
2. That although the receipts
were
1879.
1879.
The above statement shows—
1. That the total receipts from
1878-9
1878.
1878.
75,723
65,470
59,886
51,391 44,851
18,010 39,016 40,187
26,641 38,856 36,183
16,560 31,196 22,2 •'S
17,309 24,252 19,031
16,288 20,097 19,897
12,147 19,732 16,673
9,669 18,220 17,113
9,390 12,380 11,089
8,526 ll,23lJ 6,612
11
tl
44
50,742
44,537
32,366
30,397
26,287
21,183
28
Apr.
1877.
at the out ports the past week
bales, 'he actual movement from plantations was
only 1.47- bales, the balance being drawn from stocks at the
Last year the receipts from the plantations for the
por s.
-*ame week were 6,392 bales; and for 1877 they were 3,171 bales.
interior
603
CHRONICLE
THE
14, 1879.]
Weather Reports by Telegraph.—In
general the weather
for the development of
remark is Texas, where
suffering from drought, especially in the lower coun¬
the past week has been very favorable
the crop.
A notable exception to this
they
are
The whole State, however, needs rain
badly.
Galveston, Texas.—The weather has been warm and ary all
the past week, the thermometer averaging 81 and ranging from
74 to 88. The drought is dreadful throughout the State, and
cotton is suffering, but not as much as corn, which is nearly
ruined in many sections.
Locally we have had but one good
rain since the year commenced, and unless rain comes in a very
few days much damage is feared.
Indianola, Texas.—There has been no rain at this point during
the week, and it is needed worse than ever.
Much late corn is
nearly past redemption, and cotton is suffering, but will revive
The thermometer has averaged 82, the
if rain comes soon.
highest being 92 and the lowest 72.
Corsicana, Texas.—We have had no rainfall during the week,
and are needing it badly, especially for corn.
The thermometer
has ranged from 62 to 96, averaging 83.
Dallas, Texas.—It has been warm and dry throughout the
week.
The drought is again becoming very serious.
1 he fields
are clear of weeds, but bolls are dropping badly in consequence
of the drought.
Much late corn wilted and twisted. Average
thermometer 83, highest 96, and lowest 62.
Brenham, Texas.—No rain all the week, and we are needing
it very much, especially for corn.
Much damage has been done,
and all growth has been checked by the drought. Average
thermometer 85/ highest 94, and lowest 78.
New Orleans, Louisiana.—Rain has fallen during the week on
four days, to a depth of one inch and twenty-six hundredths.
The thermometer has averaged 79.
Shreveport, Louisiana.—The weather has been generally fair
and dry during the week, tbe thermometer averaging 81, and
ranging from 66 to 96. The rainfall for the week is one hun¬
ties.
dredth of
an
inch.
Vicksburg, Mississippi.—The weather during the week has
been very warm.
Columbus, Mississippi.—Rain
has fallen during the week on
eight hundredths. The
Cotton is covered with
a depth of one inch and
thermometer has ranged from 79 to 88.
two
days, to
lice.
Little Rock, Arkansas.—The weather during the week has
been warm and sultry, with rain on Sunday morning. The ther¬
mometer has averaged 79, the highest being 95 and the lowest
65.
The rainfall for the week is ninety-seven hundredths of an
inch.
Nashville, Tennessee.—It has rained during the past week on
days, the rainfall reaching twenty-one hundredths of an
inch. Average thermometer 78, highest 93, and lowest 62.
The
crop is developing promisingly.
Memphis, Tennessee.—It has rained on one day during the week,
four
reaching eiglity-two hundredths of an inch. The
is developing promisingly.* The thermometer has averaged
81, with an extreme range of 63 to 93.
Mobile, Alabama.—We have had delightful showers on four
days the past week, and the indications are that they extended
o^er a wide area.
The crop is developing finely. The first
blooms were reported about June second this year and May
twenty-seventh last year. The thermometer has average d 79, the
highest being 93 and the lowest 69. The rainfall for the week
is fifty-seven hundredths of an inch.
Montgomery, Alabama.—It has rained on six days, with a
rainfall of two inches and forty-four hundredths, but at the close
of the week there is a favorable change in the weather.
Aver¬
age thermometer 77, highest 94, and lowest 66.
Selma, Alabama.—During the earlier part of the week it
rained on three days, but tlie latter portion has been clear and
pleasant. The crop is developing promisingly;
Madison, Florida.—We have had warm, sultry, wet weather
the past week.
Rain has fallen on six days. The t' ermometer
has averaged. 78. the highest point touched having been 85 and
the lowest 71.
Cotton is not covered with lice, as reported last
week, but farmers complain of lice in cotton.
Macon, Georgia.—Rain has fallen during the week on two
days. The thermometer has ranged from 59 to 95.
Columbus, Georgia.— It has rained on three days the past week,
e rainfall reaching two inches and
thirty-eight hundredths.
The thermometer has averaged 80.
Savannah, Georgia. —We have had rain on six days, the rain¬
fall reaching three inches and ninety-nine hundredths, and
the balance of the week has been cloudy.
The thermometer
as averaged 78, the highest being 92 and the lowest 71.
Augusta, Georgia.—It has rained during the week on three
ays, delightful showers, the rainfall reaching nine hundredths
\ an inch. The rain has proved very beneficial, and accounts
•e good.
The crop is developing promisingly. Average theronieter 78, highest 91, and lowest 67.
Charleston, South Carolina.—We have had light showers on
two days during the week.
The thermometer has ranged from
72 to 89, averaging 79.
the rainfall
crop
Comparative Port Receipts and
Daily Crop Movement.—
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of the
We have consequently added to our other standing
month.
tables a daily and monthly statement, that the reader may con A
as
604
THE
CHRONICLE
Btantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
PORT RECEIPTS FROM SATURDAY, JUNE
New
Or¬
we’k leans.
D’ys
Mo¬
bile.
of
7, ’79, TO FRIDAY, JUNE 13,
Char¬ Savan¬ Galleston. nah. vest’n.
Wil¬
Nor¬
folk.
AH
41
9
10
16
13
43
1
700
833
167
77
9
422
435
206
20
412
1,748
Tues
87
18
17
9
69
110
24
620
954
Wed
Thur
407
12
137
176
46
120
1
243
1,142
17
127
34
60
2
621
875
Fri..
222
49
59
15
34
90
591
1,060
Tot..
938
165
249
765
631
629
3,187
6,612
Sat..
Mon
14
....
....
48
The movement each month since Sept. 1 has been as follows:
Year
Monthly
Receipts.
1878.
October..
288,848
689,264
Sept’mb’r
Beginning September 1.
1876.
1877.
98,491
1875.
236,868
675,260
169,077
610,316
Novemb’r
779,237
578,533
822,493
901,392
740,116
Deoemb’r
893,664
900,119
787,769
January
February.
618,727
566,824
689,610
821,177
637,067
March...
303,955
April..
May
167,459
84,299
500,680
449,686
182,937
100,194
68,939
.
..
472,054
340,525
197,965
96,314
479,801
300,128
163,593
92,600
1874.
Cotton Exchange Reports
for June.—We publish below, in
full, the Cotton Exchange acreage and condition reports for.
June 1
:
Norfolk
’79#
Total
ming¬ others.
ton.
[Vol. XXVIII.
1873.
134,376
536,968
676,295
759,036
115,255
355,323
576,103
444,052
383,324
702,16S
482,688
251,433
133,598
81,780
332,703
811,668
173,986
127,346
Tot.My 31 4,392,277 4,196,104 3,903,725 4,013,875 3,400,862 3,677,240
Perc’tage of tot. port
9655
96-67
95-77
receipts May 31..
97-25
96-66
ing Counties in North Carolina: Rutherford, Lincoln, Catawba, Rowan,
Davidson, Iredell, Burke, Wilkes, 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 and Halifax.
North Carolina and
crop earlier by ten days to two weeks, eight crop about ten days later,
and nine report crop to be about same time as last year. The
crop is
reported generally good up to May 31. A little grass is reported. Labor
is reported good, and no suffering from the Kansas exodus. The use of
fertilizers is about the
7....
•*
8....
1877-78.
833
8.
1876-77
2,409
1875-76.
1,247
1,531
1,186
1,401
44
9....
1,748
44
10....
954
44
11....
1,142
44
12....
875
2,686
1,862
1,920
44
13....
1,060
1,170
1874-75.
1873-74.
S.
1,925
1,312
1,528
S.
3,028
2,241
3,107
2,921
2,946
1,463
1,209
S.
1,584
3,061
1,385
2,149
1,543
S.
S.
4,161
1,352
2,201
1,491
1,892
1,642
4,407,422 4,217,523 3,923,266 4,032,989 3,428,348 3,706,404
Percentage of total
9705
97-16
pt.rec’pts June 13.
96-23
9803
97-43
•
This statement shows that the receipts since
Sept. 1 up to
to-night are now 189,899,^163 more than they were to the same
day of the month in 1878, and 481,156 bales more than they
were to the same day of the month in 1877.
We add to the last
table the percentages of total port receipts which had been
received June 13 in each of the years
Cotton Exchange Reports
readers,
summary
we
for
named.
June.—For the convenience of
have prepared a table containing a general
of the Cotton Exchange reports for June, which
we
give
on a subsequent page. We have also made the nearest
estimate we could of each State’s increase in acreage,
according
to these
reports, and give the result below
Actual
States.
:
Estimate of Cotton Exchanges
for 1879.
Acreage, 1878.
Increase.
North Carolina
South Carolina
588,764
938,448
Georgia
Florida
1,693,251
Alabama
2,060,604
220,500
Mississippi
2,075,590
1,285,250
1,559,844
1,121,670
725,200
Louisiana
Texas
Arkansas
Tennessee
Total
Department
the State of South Carolina, and is prepared and issued
by the
Charleston Cotton' Exchange, through their Committee od Information
and Statistics, composed of E. Willis, Robt. D. Mure and L. J. Walker.
covers
South Carolina.—72 replies from 30 counties.
Acreage increased 5 per cent; weather less favorable from fifty
replies, favorable from eighteen, and four same as last year; stands
good from forty and bad from twenty-five, with report of woi ms from
live, and three need re-planting; crops are reported from four as three
weeks later; twenty-one as two weeks later; thirteen as ten days later;
thirteen as one week later; eleven as same as last year; ten, one week
earlier; condition of crop, good, thirty-eight; bad and small, twenty;
very grassy, fourteen; labor good in sixteen cases and scarce in
sixteen; fertilizers—increase from 43, decrease and same as last year
from
twenty-nine.
Savannah
Department.
This report covers the State
of Georgia and the State of Florida. The
report is prepared and issued by the Savannah Cotton Exchange, through
their Committee on Information and Statistics, composed of J. H. Jolmston, Clavius Phillips, J. J. Wilder, L. G. Young and F. R. Sweat.
Georgia.—102 replies from 68 counties.
an average increase in the number of acres planted with cot
compared with last year, of 3 per cent.- About the same quan¬
tity of fertilizers was used this year as last. Labor, with rare exceptions,
was equally abundant
and efficient, and the stands are as good. The
plant is, however, small, its growth having been retarded some two
weeks by cold nights and heavy rains, which have prevailed thoughout
the spring months, and have rendered the fields in a few sections
grassy.
Nevertheless, complaints are few. Since the middle of May the weather
has been dry and wrarm, and, altogether, favorable to the crop, which is
now rapidlyrecovering from its drawbacks, and
promises to be excellent.
There has been no exodus of labor, which seems to be scarce only in those
sections where there is a large increase in planting.
as
Florida.—33
replies from 15 counties.
There has been a slight increase in the acreage, say two per cent. The
early spring was very unfavorable, being too cold and wet.
For
the past two weeks the weather has been all that could be desired, and
the crop is putting on a better appearance. The stands are
generally
good. Labor is as abundant and efficient as last year. The crop is
about two weeks behind this date last year. In the Sea Island section
an increase of fonr to five per cent in acreage is
reported. In other
respects the reports for the two sections do not differ. In the upper dis¬
tricts two correspondents report the appearance of caterpillars.
Mobile
Total
our
last year.
Charleston
ton,
Tot.My 31 4,392,277 4,196,104 3,903,725 4,013,875 3,400,862 3,677,240
Junel....
S.
2,269
1,351
1,962
2,784
3,090
44
2....
S.
2,002
1,254
2,084
2,861
2,627
«
3....
S.
2,044
1,578
2,359
2,003
2,614
44
4....
8.
1,886
2,396
2,821
2,562
2,978
41
5....
1,044
3,243
2,309
2,714
1,570
2,674
44
6....
S.
1,557
1,704
1,812
1,110
2,442
44
same as
There is
for the different years.
1878-79.
Virginia.—31 replies from 21 counties.
Seventeen report land planted this year about same as last, twelve
report about ten to twenty per cent increase, and two about ten
per cent decrease. Twenty-six report weather to May 31 favorable with
good stand, live weather not so favorable but with good stand. Fourteen,
This statement shows that up to
May 31 the receipts at the
ports this year were 196,173 bales more than in 1877 and 483,552
hales more than at the same time in 1876. By adding to the
above totals to May 31 the daily receipts since that time, we
Bhall be able to reach an exact comparison of the movement
Department.
The Norfolk Cotton Exchange (H. S. Reynolds, Chairman, W. D.
Rountree and R. P. Barry! Committee on information and Statistics)
issues the following report, covering the State of Virginia, and the follow¬
12,269.121
6
5
3
2
3
per
per
per
per
per
per
1
No
cent.
cent.
cent.
cent.
cent.
cent.
change.
8
per cent.
3
2
per cent.
per cent.
315 per cent.
Acres, 1879.
Alabama.—91
2,096,345
1,285,250
1,684,631
1,155,320
739,700
12,662,085
replies from 46 counties.
The itferease in acreage in twelve prairie or bottom-land counties is 1«%
percent on an average. In the sandy or upland counties, the average is 4
per cent. The weather up to May 31 was generally more favorable than
last year, very few reporting it less so. Stands are good
all over the
State. Five counties report the crop six days earlier than last year, fif¬
teen as far advanced, and twenty-six ten days later. The condition of
the crop is generally good, labor excellent, no complaint whatever, and
no excitement about the Kansas exodus.
In counties where fertilizers
are used, there has been an increase of
home-made, but the exact per¬
centage is not given.
Mississippi.—37 replies from 17 counties.
An average increase of three and a half per cent is reported in three
counties. Five counties report the weather compared with last
year as
not so favorable, six equally as good and six more favorable. Stands are
good. Ten counties report the crop ten days later than last year and
seven as far advanced.
The condition of the crop is reported
generally
as good.
There is some little complaint of grass. No fertilizers used in
the State.
New Orleans
624,089
985,370
1,744,048
224,910
2,122,422
Department
the State
of Alabama as far north as the summit of the Sand
Mountains, and the following Counties in Mississippi: Wayne, Clarke.
Jasper, Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston,
Lowndes, Oktibiba, Colfax, Monroe, Chieasaw, Itawamba, Lee, Pontotoc.
Prentiss, Alcorn and Tisbainingo. 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
Buttner, A. M.
Willmartb, J. C. Bush and 8. Haas.
covers
Department.
that part
of the State of Mississippi rot apportioned to tho Mem
phis and Mobile Cotton Exchanges; the entire State of Louisiana, and
the State of Arkansas south of the Arkansas River. The report is pre¬
pared and issued by the New Orleans Cotton Exchange, through their
Committee on Information and Statistics, composed of Wm. A. Gwynr
Chairman, R. L. Moore, Jesse S. Flower, John M. Witherspoon, J. M.
Frankenbush, L. F. Bejje, Cyrus Bussey, Jules Mazerat.
covers
Louisiana.—90 replies from 36 parishes,
date of
May 31.
having
an average
These show that the acreage
According to this statement, the Cotton Exchange reports
would indicate
an
increase of about 3 1-5 per cent in the cotton
Acreage this year.
We understand
Bureau’s report will be made public
P. M.
that the Agricultural
to-day (Saturday) at 3
is about the same as last year. The
favorable, aud good stands generally have been
secured, although growth has been impeded by cool nights. The crop
averages about a week later than last year, but the present condition is
good.
A few correspondents complain of lice and too much rain.
Seventy-seven correspondents report labor good and efficient, and thir¬
weather has been
teen report it unsettled. But few hands have left Louisiana for Kansas,
and the exodus fever seems to have subsided for the
present. No*
fertilizers are used in this State.
June 14,
date
Mississippi.—106 replies from 31 counties; average
May 31.
increase in a number
in Washington,
more favorable
correspondents com¬
The average acreage is the same as last year, an
of smaller counties being fully offset by the decrease
Warren and Wilkinson Counties. The weather has been
than it was up to the close of May last year.*. A few
plain of too much rain early m the season and cold nights having
retarded the growth. Since the middle of May the weather has been
very favorable. The stands are generally good. Thirty-four correspon¬
dents report the crop one to two weeks earlier, and forty-three report-it
one to two weeks later than iast year, while twenty-nine report it the
same as last year.
The condition is good and labor generally sufficient
in numbers and efficient in quality. A few counties report a limited
immigration to the river parishes of Louisiana. The ^Kansas exodus
is being discussed in a good many places, but so far it has not drawn off
any consilerable number of bauds. Commercial fertilizers are very little
used in this State.
Arkansas.—69 answeas from 29
of
counties, of an average date
May 31.
They show an average inerease of 2^2 per eent in acreage under
The weather is reported more favorable. The stands are
vatiou.
culti'
good
Twenty-six replies report crop earlier, and twenty-nine
later. They average the same as last year. The average condition is
good. Labor is repoited generally good and efficient. Several counties
report an uneasy feeling and apprehension on account of the Kansas
fever, but no loss has been sustained in labor as yet. Cold nights are
reported, which retard tne growth of the plant. There are some lice,
but little damage from them thus far is reported.
No commercial
to very
good.
fertilizer has been used of any consequence.
Galveston Department
covers the State of Texas, and was prepared and issued by the Galveston
Cotton Exchange*, through their committee on Information and Statistics,
composed of J. L>. Skinner, Chairman, H. S. Anderson, J. M. Kirwan, P.
Fitzwilliam, Chas. Kellner.
from 43 counties; average date May 31.
Shows an average increased acreage in cotton of 3 per cent in the coun"
ties heard from.
We have no replies from many of the largest counties*
which we have reason to believe will show a large increase in acreage*
and we think it is safe to estimate the increase for the State at from 8 to
10 per cent. The replies indicate less favorable weather than last year.
One county reports the stand very good; twenty-eight counties report it
good, while fourteen counties report it as indifferent. Five counties
report the crop as ten days earlier than last year; ten counties report it
the same .as last year; live counties one week later; thirteen counties
two weeks later; nine counties three weeks later, and one coimty four
weeks later as compared with last year. The condition of the crop on
the 31sr of May is reported as veiy good in two counties, good in twenty
eight, and not good in thirteen. Labor is represented good and efficient
although there seems to be no surplus of laborers. The State has not
suffered from the Kansas exodus. Fertilizers have not been used. In
some portions the cotton plant has suffered from the late cold spells, in
consequence of which the plants are rather small, but are otherwise
healthy. A few counties report the appearance of the web worm, and
several counties report the plant as suffering from lice. At present, rain
js very much needed id all the counties.
Texas.—76
answers
Nashyille Department.
covers Middle
Counties of
605
THE CHRONICLE.
1879, J
Tennessee east of the Tennessee
River, and the following
Alabama:—Lauderdale, Franklin, Colbert, Lawrence
Morgan, Limestone, Madisod, Marsnall, Jackson, DeKald and Cherokee
The report is prepared and issued by the Nashville Cotton Exchange
through their Committee on Statistics and Information, composed of
Leonard Parks, chairman, B. Lanier, and J. B. Dobbins.
Tennessee.—
Reports show that an average crop will be made,
good condition. Labor is reported plentiful, and more
lost by the Kansas exodus.
and that it is in a
efficient than that
reports from 13 counties.
if any, increase in acreage. The stand is
good and in an excellent condition, and the weather is generally favor¬
North Alabama.—30
Reports show a very light,
able.
Memphis Department*
not so early, average one day later than last year. Condition of Crops—
Twenty-one report fine condition, well cultivated, free from grass and
weeds, thirteen fair condition, some grass, three in poor condition, badly
cultivated, twenty-one much better condition than last year, thirteen
about same, three not so good. Labor Morale—31 report laborers work¬
ing well, 6 moderately well, eight better than last year, twenty-eight
about same, odo not so well; some laborers have gone to Arkansas, but
mostly replaced, yet there is a deficiency of about 1 per cent; none gono
to Kansas, though some talk of it, but little apprehension of their doing
so. Fertilizers—Commercial but little used, but increased attention given
to home-produced. Miscellaneous—See aggregate. Corn Crops—Eleven
report increased planting, nineteen about same, seven a decrease, aver¬
age Jfl per cent increase; thirty-three report crops in good condition and
promising, four report bad condition. Wheat Crops—Four report an
increased acreage, seventeen about same, twentv-eight decrease, average
10 per cent decrease; twenty-eight report much better crops, six not so
good, three report none grown. Oats, Millet and Grasses—Eight report
an increase, twenty-three about same, five less.
Condition of Work Stock
—Twenty-one report well conditioned, eleven but moderate, five poor,
have suffered for lack of com; numbers about same. Fences—Eighteen
report much improvement and good condition, thirteen but moderate
condition, six poor; the two latter have made no improvements in fences.
North Arkansas —44 responses.
Acreage—Twenty report an increased acreage, seventeen about
same, seven less; average 4 per cent increase.
Weather—1Thirty-four re¬
port very favorable, five favorable, five unfavorable; three report too
much rain, two too dry, four too cold; thirty-four much more favorable
than last year, five about Bame, five less favorable. Character of Stands,
—Thirty report very fine, fourteen good, thirty-eight very much better
than last year, eight about same, three not so good. Progress of Plant¬
ing-Fifteen report earlier planting, thirteen about same, sixteen later;
Cotton
average one day later. Condition of Crops—Thirty-seven report splendid
condition, well cultivated, free of grass and weeds; five fair condition
but
some
grass,
thirty-four re¬
two poor condition, not well cultivated;
port much better than last year, seven about same, three not so good.
Labor Morale—Forty-one report laborers working very well, two mod¬
erately well, one not well; twenty-three better
than last
year, twenty
about same, one not so well. Fertilizers—No commercial used, a slightly
better attention given to home-produced. Miscellaneous—See aggregate.
Corn Crops—Seventeen report increased b creage, twenty-four
same, three a decrease; averaging 3 per cent increase;
re¬
—
port crops in good condition and promisir ff, one poor. Wheat
Three report an increased acreage, six about same, fourteen a decrease,
about
forty-three
Crops
twenty-one none raised; average decrease 5 per cent;
much better crops, twelve not so good.
Oats, Millet
Eighteen report increased acreage,
eleven report
and Grasses—
twenty-two about same, two less,
raised. Condition of Work Stock—Eighteen report much better
condition, twenty-two but moderate, eight poor; the two latter have
suffered for corn. There is an increase in number of about 2 ha per cent.
two
none
Fences—'Thirty-one report much improvement and good condition,
eight only moderate, five poor; the twe latter have made no improvemeats past season.
North Alabama.—11 responses.
three less,
Cotton Acreage—Two report an increase, six about same,
average decrease 5 per cent. Weather—Four report very
favorable, one unfavorable; two too much rain,
too
more favorable than last year, six about same, one less favorable.
acter of Stands—Five report very fine, six good, eight much more
able than last year, throe about same. Progress of
four
favorable, six
cold; four much
Char¬
favor¬
Planting—Three
report planting about same date as last year, eight later, average seven
days later. Condition of Crops—Eight report well cultivated, olean of
grass and weeds, three fair, some grass; eight much better condition than
last year, three not so good. Labor Morale—Nine report laborers work¬
ing very well, two moderately well; two better, seven about same, two
not so well as last year. Fertilizers—None used save of home product.
Corn Crops—Three report an increased acreage, seven about same, one
less, average increase2 per cent; ten report good condition, one poor.
Wheat Crops—Two report increased acreage, four about same, five less
average decrease 4 per cent; eight report good condition, three poor.
Oats, Grasses and Millet—Nine report an increased cultivation, one about
same, one less. Work Stock—Six report in but moderate condition, five
poor. All have suffered for corn.
Fences—Five report much improve¬
ment and good condition, five in moderate condition, one bad. The two
latter have made no
improvements past season.
aggregate—133 responses.
1. Cotton Acreage—Fifty-three report from three to twenty-five per
cent increased acreage planted, sixty-three about same, seventeen from
three to ten per cent less; average increase in acreage, two
and one-half
weather up to 31st May as having
Marshall,
favorable, twenty-five unfavorable ;
fifteen report too much rain/ten too dry, twenty-one too cold; ninetyCotton
Exchange, through their Committee on Information and two report the weather much more favorable than last year, thirteen
about same, twenty-eight less favorable.
Statistics, composed of John S. Toof (chairman), W. B. Mallory, T. H
3. Character of Stands—Eiglity-one report never better, forty-seven
Hartmus, A. C. Treadwell, Wm. Bowles, Sr., W. H. Goodlett and Z. N.
Estes.
good, five poor, eighty-two much better than last year, seventeen about
same, twenty not so good.
West Tennessee.—52 responses.
4. Progress of Planting—Thirty-five report planting five to fifteen
Cotton Acreage—Twenty-three report increased acreage, twenty-three days earlier than last year, forty-six about same, fifty-two at five to
about same, six decrease; average increase, two per cent. Weather
fifteen days later, averaging two days later.
5. Condition of Crops—One hundred and two report crops well-con¬
Thirty-one report very favorable, fourteen favorable, seven unfavor¬
able, eight report too dry, four too cold; thirty-seven much more favor¬ ditioned, free of grass and weeds, twenty-six fair condition, but some
able, live about same, ten less favorable. Character of Stands—Twenty
grass, five report very grassy and badly cultivated; ninety-seven report
nine report very fine, nineteen good, four poor; thirty much better than much better condition than last year, twenty-six about same, ten not
last year, nine about same, tlmteen not so good. Progress of Planting- so good.
Twelve report earlier planting, seventeen about same as last year,
6. Labor Morale—One hundred and twenty-two report laborers work¬
twenty-three not so early, averaging three days later. Condition of ing well, ten moderately well, one not well; fifty report working better
crops—Fourty-four report in fine condition well cultivated and free from than last year, eighty-one about same, two not so well; all report no labor
lost by the Kansas exodus ; some have left Tennessee and Mississippi
grass
weeds,
eightsixfairabout
condition
some
etterand
than
last year,
same, with
four not
so grass;
good. forty-two
Labor Morale- and gone to Arkansas, but their places have generally been filled by
Fifty report laborers working well, two moderately well; nineteen incoming laborers. The labor of Arkansas has been increased about
better than last year, thirty-three about same. A slight emigration has two and one-half per cent.
taken place for Arkansas, generally rejdaced by laborers from abroad,
7. Fertilizers—No commercial fertilizers worthy of note are used in
none gone to Kansas;
the latter has but little mention, no concern. this department, but an increased attention is given to the care and use
Fertilizers—No commercial used, better |attention given to home-pro- of domestic manures.
'duced manures. Miscellaneous—See aggregate. Corn Crops—Nineteen
8. Miscellaneous—Under this general interrogatory we have but little
report increased acreage, twenty-eight about same, five less, average to mention, save to speak of the damage by cut worms, which in nearly
two per cent increase; forty-nine report crops in good condition and every instance has been re-planted, and plant well forward. Many
promising, three poor condition. Wheat Crops—Eleven report increased gratulations are expressed of the present very favorable prospects.
9. Corn Crops—Forty-seven report an increased acreage, seventy-one
planting, fourteen about same, twenty-eight less, averaging eight per
cent less; thirty-nine report much better crops than last year, thirteen
about same, fifteen less; averaging 1 per cent increase; one hundred and
not so good. Oats, Millet and Grasses—Twenty-six report an increased
twenty-five report crops in good cultivation very promising, eight report
acreage, twenty about same, six a decrease. Condition of Work Stock— disparagiugly.
TwentLc-two report good cendition with slight increase, twenty-one only
It). Wheat Crops—Eighteen report increased acreage, thirty-three
moderate, about same as last year, nine poor. The two iatter have about same, fifty-eight less; averaging 8 per cent less; seventy-eight
suffered for corn. Fences—Thirty-one report much improved and in report crops very much better than last year, thirty-one not so good,
good condition' seventeen only moderate condition, four poor. The two twenty-four report none raised in their viciuities.
latter have made no improvements the past season.
11. Oats, Millet and Grasses—Fifty two report giving increased atten- '
tion to these crops, sixty-five about same, thirteen a decrease, three no
North Mississippi.—37 responses.
attention given them.
12. Condition of Work Stock—Sixty-five report good condition and
Cotton Acreage—Ten report an increase, twenty-three about same
slight increase in numbers, forty-six report but moderate condition, and
as last year, 4 less; average increase 1 per cent.
Weather—'Twenty-one twenty-two
poor condition; the two latter have suffered severely from
report very favorable weather, three favorable, thirteen unfavorable,
twelve too much rain, thirteen too cold, twenty-one much more favorable scarcity of com.
13. Fences—Eighty report material improvement during the past
than last year, three about same, thirteen less favorable. Character of
winter, with fences now in good condition; thirty-eight report only
•Stands—Twenty-two report very fine, fourteen good, one poor, nineteen moderate condition, and eleven very poor; the two latter make no
much better than last year, ten about same, eight not so good. Progress
*
•of Planting—Eight report earlier planting, sixteen about same, thirteen mention of late improvements. BttlCE M beffct
the State of Tennessee, west of the Tennessee River, and the following
in Mississippi: Coahoma, Panola, Lafaj'ette,
lg Counties
uounties tn
id Tip
De Soto, Tunica, Benton and
Tippah, and the State of Arkansas north of
the Arkansas River. The report is prepared and issued by the Memphis
covers
much
per cent.
2. Weather—Eighty-six report the
been very favorable, twenty-two
t
606‘
THE CHRONICLE.
......
SUMMARY
Repli s. Counties.
Weather
OF
NATIONAL
'compared
Acreage
compared
with 1878.
with 1878.
;
Oalvtekm.
COTTON
EXCHANGE
REPORTS
[Vol. xxvin.
FOR
1,
1879.
Crop earlier
Stands.
Condition.
or later
than 1878.
Fertilizers.
Earlier—
show 3 p. c.
5 Cos.lOdys.
inc. C’mmitLater—
1 very good.
2 very good
teo think it
5 Cob.7 dys.
28 good.
28 good.
None used.
safe to esti¬
13 “ 14 “
14 indiffer’nt 13 not good.
mate 8 to 10
9 “ 21 “
1 “ 28 “
per cent in¬
crease.
10 same.
Kansas
exodus.
Labor.
Remarks.
Rep’rts rec’d
All of Tecta#
76
43
Less
favora¬
ble.
N. Orleans.
90
36
106
31
Same as
1878.
Favorable.
More
■~z,
1
5
sissippL >
Good
and
efficient,but
no surplus.
No trouble in
the State
from
this
cause.
Good at
Good.
present.
7
days later.
34 say
favor¬
7 to
days ear¬
14
able.
Same as
1878.
Very
good since
15th May.
Generally
good.
Good.
lier; 43 say Little used iu
7 to 14
days
later;
69
29
26 say
More favor¬ 2*2 per cent Good to very
able.
increase.
good.
Good.
er;
the State.
29,
’78.
earli¬
29 later.
Aver’ge the
&
efficient;
same as
un¬
used.
’78.
from
tfta
late
oold spell.
Plant smallj but
hands
fever
has
subsided for
the present.
Some
few
com¬
plaints of lice and
too muoh rain.
Generally Few counties
sufficient in
A few complaints
number and report lim¬ of too much rain
ited emigra¬
efficient in
and oold nights.
tion.
quality.
Good and effi¬
Very little
fered
Seventy-sev¬ have left, & Growth impeded
en say good
the exodus by .cold nights.
thirteen
settled.
same as
Part of ]
A rkansas j
None used.
In some portion®
the plant has suf¬
healthy.
Few
All Louis-1
iana.
5
Part of
Mis-
JUNE
In several
counties an
cient,and no uneasy feel¬
loss in labor
as
yet.
ing and also
some
appre¬
Growth of plant
retarded by ©ool
nights.
hension.
Mobile.
Part of Ala.
97
Incr’se in 12
cotton land
count’s 1 3*
More favor¬
46
p. c.; in up¬
able.
land
coun¬
ties 4 p. c.
increase.
5 not
Part of
Mia-
>
so
orable ;
S
37
17
siseippL >
Generally
good.
Good.
fav¬
same as
6 3^ p. c. inc.
'78; in 3 coun¬
6
fav¬
more
5 say
ties.
’78,
days
Excellent.
None.
Good.
None.
counties
tOd’yslat’r;
7
home-made.
same
as
None used.
All of Fla..
33
dry & warm
68
15
Charleston.
& favorable
for the crop.
Last 2 weeks
good.
3 p. c.
efficient.
com¬
plaint of grass.
1878.
3 weeks late. Same as 1878 Abundant &
Good.
inc.
little
Some
Since May 15
All of Ga.. 102
All of ft. C..
as
26 10
later.
10
Generally
good.
Good.
orable.
Savannah.
6 days
earlier, 15 Some incr. in
same
Recovering
from
drawbaoks,
None.
and
excel¬
prospeot
lent.
Slight incr’se
say
2 p. c.
Generally
good.
2 weeks late.
Little used.
No
None.
change.
Too wet and
cold in early
72
30
spring; but Incr’se 5
p. c.
since
May
much better
-
Abundant &
efficient.
Good.
None.
15.
Norfolk.
All Va. <fel
part
No.
of >
31
26
21 5
Car..)
favorable;
W.
No.
....
J
’78;
as
12, 10 31
say good.
to 20 inc.; 2,
2 p. c. dec.
Generally
good.
14 say 10 to
14 days ear¬
lier, 9 same Same as 1878
as
1878, 8
10 d’ys later
N o
trouble
A little grass
about Kan¬
Good.
sas
exodus.
None.
Aver’ge crop
exp’cted; 30
rep’rts from
1
Generally fa¬
]
re¬
ported.
very
Nashville.
M. Tenn.,
No. Ala..
same
35 say 5 to
81 never bet¬
53 inc. 3 to
fa¬ 25
ter,47 good, 97 much bet¬ 15 da s ear¬
p. c., 63 5
vorable; 22
poor; 82
lier,46 s’rno,
iu
f a v orable ; same, 17, 3 better than ter,26 same, 52 5 to 15 Increase
to 10 less;
10
not so
home-made.
25 unfavor¬
1878, 17
days later;
avg. inc. 2^
good.
able.
same, 24
average
2
per cent.
not so good.
days later.
86
No. Ala.,
so
good.
Memphis.
Tenn.,1
Mias., I 133
N.E.Ark., f
not
17
vorable.
13 counties
in N. Ala.
show a very
*
Plentiful and
more effic’t.
Good.
Good.
slight if any
-
increase.
Ovkriand Movement
May 31.—The
following is the state¬ during the month have been very nearly the same for the twd
receipts at ports and overland movement to Jnne years. Furthermore, for May this year the Cotton Exchange
1st as prepared for the Cotton
Exchange at New Orleans and report of daily receipts gives us the following result.
received by telegraph.
Bales.
to
ment of the
To
May 31, 1879 and 1878—
Receipts at U. 8. ports
Stock at U. 8. ports
Total overland
Shipments direct to mills
In transit to delivery ports
Foreign exports aud Canada
In transit between delivery ports
1879.
1878.
Bales.
Bales.
4,347,807
4,196,067
235,645
805,695
414,855
4,594
283,481
579,956
227,916
23,930
3,188,805
8,823
844,691
3,220,120
7,382
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
May 1 and 2, 1879
week ending May 9,1879
week ending May 16, 1879
week ending May 23, 1879
week ending May 30, 1879
May 31
5,815
20,056
20,653
18,991
16,396
2,556
Total receipts in May, 1879
84,461
But
passing this point, and assuming that there is no inac¬
curacy in the figures, and further that from this time on th«
It will be seen that the above figures of
receipts at the ports cotton movement will be
equal to last year’s movement, tht
are about 40,000 bales less than our
figures up to the same total crop may be stated as follows.
date. We are
Taken
by northern spinners from ports
847,967
therefore inclined to think that
clerical
error
or
in
either
some
telegraphing has been made.
This
would appear to be the more probable when we
compare last
month’s Cotton Exchange overland
report with the present one
as
error
follows.
Receipts at ports to—
64,166
„
1873.
Bales.
4,196,067
31
If we
5,148,944
grant that this total represents correctly the year’s crop,
the distribution would be about
as
follows.
4,088,482
107,685
According to this, we have 107,685 bales received last year in
May against 64,166 bales this year, whereas the weekly totals
4,811,265
186,939
151,749
Total crop
1879.
Bales.
June 1, (as per Cotton Exchange report)... 4,347,807
May 1, (as per Cotton Exchange report)
4,283,641
Total receipts in May
Bales.
Total crop last year
Iucreast direct to mills, as above, to May 3L
Increase in receipts at ports, as above, to May
Bales.
Total crop
Northern consumption
Southern consumption
Total for
export
5,148,944
1,425,000
160,000—1,585,000
3,563,944
THE CHRONICLE
JUNE 14, 1870.
607
We appear to have misled a Norfolk
correspondent by our mode Alexandria, Egypt, June 12.
1879.
1878.
1876.
1877.
stating the year’s export movement in our article of April 12. Receipts (cantars)—
When the corrections in September are made up and the total
This week
1,000
3,000
15,000
10,000
Since September 1... 1,658,000 2,583,000 2,678,000 2,850,000
«rop given, he will find the distribution about as stated. Of
course if the crop is more or less than our estimate of that
Exports to Europe (bales)—
This week
500
500
1,000
3,000
date, the difference must be deducted from or added to the ex¬
Since September 1...
245,000 400,000 429,500 460,000
ports, unless there is an increase in stocks carried over.
This statement shows that the receipts the past week have
Some of our friends give a larger total than above as the
takings of home spinners. From the best information we can been 3,000 cantars, and the shipments to all Europe have been
get, however, we think our estimate is as high as it would be 500 bales.
safe to put it. Furthermore, there is now a decided disposition
Gunny Bags, Bagging, &c.—Bagging has not changed since
here to curtail consumption during the summer, so that even our last report and the feeling is very steady. There has been
the total we have given may not be reached. The strike threat¬ rather less business transacted, but the inquiries are in¬
creasing, and we hear that some negotiations are in progress.
ened at Fall River (which if carried out will cut down the pro¬
Holders are very firm as to price and nothing is now to be
duction of print cloths very decidedly) is only one among sev¬ bad below 91c. for light weight, while for standard
quality
11c. is the quotat;on.
eral of the proofs of this fact which we have obtained.
Butts have not been taken very freely and
the market is quiet.
The feeling is steady and no shading is
Bombay Shipments.—We are in receipt of the following, being done.
For spot parcels dealers are asking 2 5-16 cb2fc. for
which we give, as it seems to be based upon a very natural paper quality, while for bagging grades to arrive there have been
sales of parcels to the extent of 2,500 ba'es of paper quality at
misunderstanding of our remarks of last week.
2 5-16c.; and for futures this price is demanded at the close, while
for prime bagging descriptions 2J@2 9-16c. are the quotations.
Norfolk, Ya., June 9, 1879.
The Exports op Cotton from New York this week show an
To the Editor of the Commercial and Financial Chronicle:
Dear Sir—In your remarks about the Bombay movement of increase, as compared with last week, the total reaching 4,481
cotton, you have omitted to notice the alteration you made of bales, against 2,292 bales last week. Below we give our usual
figures in your number of June 29, 1878. On the 22d of June table showing the experts of cotton from New York, aud their
d rection, for each of the last four weeks; also the total exports
you presented the figures of Messrs. Nicol to your readers
thus: Total shipments from January 1, 648,000 bales; total and direction since Sept. 1, 1878, and in the last column the total
receipts, 792,000 bales; or a difference of 144,000 bales. On the for the same period of the previous year.
29th of June you gave the figures of Finlay, Muir & Co. thus:
Exports of Cotton (bales) from New York since Sept. 1, 1878.
Total shipments, 605,000 bales; total receipts, 811,000 bales; or
Week ending—
Same
a difference of 206,000 bales.
The difference is given this year
Total te period
Exported
to—
by figures in your number of June 7 as 231,000 bales. Is it
June
June
data.
May
May
previ’us
21.
28.
4.
11.
wrong to suppose that Messrs. Wallace & Co. will be pretty
year.
nearly right in their estimate of 525,000 bales, against 604,000 Liverpool
4,763 4,767 2,122 3,852 229,365 308,912
bales for shipment, when the receipts are now 72,000 bales less Other British ports
1
4,812| 2,613
than last year, and the monsoon was expected to be at least a
Total to Great Britain 4,763 4,767 2,122 3,852 234,177 311,525
week earlier ?
Yours, truly,
Subscriber.
100
268 12,303
We did not intend to express any definite opinion with regard Havre
£>7635
Other French ports
100
115
to Messrs. Wallace & Co.’s estimate of total shipments to
Total French
100
268 12,403
5,750
June 30, not considering ourselves well enough informed to do it.
140
361 14,209 18,618
A i they wrote, however, on the fifth of May, one month prior to Bremen and Hanover
Hamburg
2,202
4,986
our publication, and as the receipts at Bombay had been in excess
Other ports
2,835 10,332
.
of
.
of last year during the intervening weeks, we thought our
readers would do well to remember that (1) either shipments
Total to North. Europe
140
361
19,246
Spain, Op’rto, Gibralt’r, &c
33,936
5,010
remaining weeks must be large, or (2) the stock carried All other
2,398
over would be somewhat larger than last year, or (3) the esti¬
Total Spain, &c
5,610
2,398
mates given of the decreased consumption of the Bombay mills
Grand total
4,763 4,867i 2,262 4,481 271,436 353,609
must be revised. With regard to the latter point, it will be remem¬
The Following are the Receipts of Cotton at New York,
bered that Messrs. Wallace & Co., under date of February 10,
Boston.
Philadelphia and Baltimore for the past week, and since
stated that the takings of spinners were to be much smaller this
September 1, 1878:
year than last year, adding that “ nearly 200,000 spindles, or about
New York.
Boston.
Baltimore.
Philadelphia.
one-fifth of the total spindles in the Presidency, have lately
Receipts
Since
This 1 Since
from—
This
This
Since
This | Since
stopped working, and more are reported to be in difficulties.”
week. Sept. 1. week.
week. Sept.l. week. Sept. 1.
|Sept.
1.
The full estimate of the consuming capacity of the Bombay mills
840
11,679
for the year 1878 was 245,000 bales. Messrs. Ellison & Co. stated N. Orl’ans .2,512 148,829
Texas.... 2,587 122,569
3,040
13,477
153 139,785
374 34,589
353 23,762
that they consumed last year less than their full capacity. It Savannah
45,819
Mobile
1,070
2,170
is also known that they carried into 1879 unusually large stocks. Florida...
4
19,976
386 91,625
"‘Too
45
20,434
All these facts put together furnish material for a fair infer- S.Carolina
66 40.073
N.Car’lina
13,239
957 56,448
326 143,146
mice on the point we raised.
41 52,978
Virginia..
for the
“
“
...
*
Shipments.—According to our cable dispatch received
to-day, there have been 25,003 bales shipped from Bombay to
Great Britain the past week and 25,000 bales to the Continent ;
while the receipts at Bombay during this week have been 27,000
bales. The movement since the 1st of January is as follows.
These figures are brought down to Thursday, June 12.
Shipments this week
1879
1878
1877
1876
Great
Conti¬
Brit’n.
nent.
Shipments since Jan. 1.
Great
Total. Britain.
25,000 25,000 50,000 211,000
20,000 18,000 38,000 280,000
10,000 19,000 29,000 325,000
61,000 10,000 71,000 489,000
Conti¬
nent.
Total.
Receipts.
This
Week.
266,000
352,000
371,000
477.000 27,000
632,000 32,000
696,000 32,000
284,000
773,000 33,000
Since
Jan. 1.
685,000
761,000
944,000
934,000
From the
foregoing it would appear that, compared with last
year, there has been an increase of 12,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments ^of 155,000 bales,
tompared with the corresponding period of 1878.
Alexandria Receipts and
Shipments.—Through
have made with Messrs.
arrange¬
Davies, Benachi & Co., of
Liverpool and Alexandria, we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
receipts and shipments the. past week, and for the correspond¬
ing weeks of the previous three years, have been as follows ;
ments
we
6,520
North.p’ts
Tenn., <fcc.
'*102
147,361
Foreign
1,028
8,964
..
2,443 127,850
1,792 100,873
.-
,*
■
•
27
"799 59,078
27,300
7
■
Bombay
This year.
7,164 868,848
6,636 347,193
1,152 86,765
41 159,797
Last year.
5,962 893,1691 3,792 325,313
1,248 68,765
885 141,658
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
15,510 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle,* last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Total bales.
New York—To Liverpool, per steamers Wyoming,
Scythia, 701
2,114
Halley, 839
City of Richmond, 198
To Havre, per steamer Canada, 268
To Bremen, per steamer Baltimore, 361
3,852
268
361
New Orleans—To Liverpool, per steamers Inventor, 1,688....
St. Louis, 1,664
per ship Constantia, 2,100
Baltimore—To Liverpool, per steamers Chilian, 1,300
5,452
Hiber¬
nian, 400 and 69 bags Sea Island
Cuban, 100
Marathon, 467
Glamorgan, 1,589
1,869
BOSTON—To Liverpool, per steamers Arab, 334
Istrian, 1,318
Total
The
are as
3,708
15,510
particulars of these shipments, arranged in
our
usual form,
follows:
Liverpool.
New York
New Orleans
Baltimore
Boston
Total
,....
3,852
5,452
1,869
3,708
14,881
Havre. Bremen.
263
361
....
....
....
....
....
268
361
Total.
4,481
5,452
1,869
3,708
15,519
THE CHRONICLE.
608
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Below
of $44,000 has been awarded; the cotton
steamer Explorer (Br.)
Hera, (Ger). One side of brig Hera was finished
Several
new
will
at Galveston Jane 3.
planks have been put into her.
freights the past week have been as follows:
Mon.
Satur.
Thurs.
Wednes.
Tues.
Fri.
liverpool, steam d. 316'2>14 316® *4 316'S>14 316® *4 316,®14 316® *4
do
sail
d. 316®1364 316®1364 316®l364 316'®1364 3i6®1364 316'®1364
.'to *2*
® ’*2* ....®12*
® Lj* ....®*12
steam....
Havre,
c.
.
...
....
sail
e.
....
Bremen, steam, .c.
....
®
*3*
...
©
*2
.'to
....©^
....'tox2
sail
e.
....
.
-
..®
*2
sail... c.
do
....
nail
Baltic, steam
do
*
*2
....©
*2
....©^S
.
...'to*3
....
..
®
.
Lj
® L>*
..
....
@7i(j
^:-®>*9i6
...:®12
® ki
©...
'a)...
®...
®...
®...
'a)...
r.
'a)...
'to...
®...
©...
®.
@...
d.
'©...
@...
'w...
®..
Amst’d’m, steam e.
do
©
....
....
.
..
®L2* ....®*2* ....®12*
....
®716
.
'©...
d.
sail
Liverpool.—By cable from Liverpool, we have tlie following
sales, stocks, &c., at that port :
statement of the week’s
May 23.
bales.
Bales of the week
Forwarded
Bales American
*
Of which exporters took
Of which speculators took..
Total stock
Of which American
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
May 30.
34,000
7,000
26,000
3,000
53,000
4,000
36,000
6,000
8,000
566,000
455,000
47,000
37,000
4.000
3,000
601,000
479,000
74,000
52,000
4,000
354,000
326,000
184,000
143,000
June 6.
June 13.
35,000
40,000
5,000
5,000
27,000
2,000
3,000
597,000
471,000
35,000
19,000
3,000
31,000
3,000
314,000
136,000
3,000
591,000
456,000
37,000
19,000
5,000
315,000
122,000
The tone of the Liverpool market for spots and futures, each day of
the week ending June 13, and the daily closing prices of spot cotton,
have been as follows :
Saturd’y. Monday. Tuesday. Wedn’sdy Thursd’y
Market,
1
Quiet
12:30 p.m.
J
steady.
7
Market,
?
5 p.m.
j
and
7*16
—
5,000
1,000
Spec. & exp.
Friday.
Firm.
Firm.
7
71]6
7he
7
7
7he
7*8
7*8
7h6
7
6,000
1,0C 0
6,000
1,000
Steady.
Dull.
Dull.
10,000
2,000
8,000
1,000
8,000
1,000
Quiet
Strong.
J
Dull
Firm.
and
Firm.
steady.
Quiet but
firm, offer¬
ings light
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
FRIDAY, P. M., June 13, 1879.
The flour market ruled rather firmer in the past
the
tendency of prices
ment in values
demand
Delivery.
d.
7
June
June-July
63i32®7
July-Aug. 71i6®332®1S
A ug.-8ept
7 *8 ® 532
can
Delivery.
Sept.-Oct
Oct.-Nov
Nov.-Dee
June-July
Delivery.
Delivery.
7®7i32 Sept.-Oct
June-July
Oct.-Nov
July-Aug.. 7*8®332®
Aug.-Sept
7532/®3i6 Nov.-Dee
d.
73l6
678
69ie
7132
Delivery.
July-Aug
Aug.-Sept
d.
7B32
73J6
Sept.-Oct
7732
G2932
Oct.-Nov
very
ing.
On Wednesday
No. 2
spring at $1 06@$1 06^, the transaction being prompted,
by
would
not
Delivery.
7^32®L6
June
June-July..7®7i32®1i6
single buyer took about 320,000 bush.
special advantages in the matter of storage, which
cease on the following day.
Yesterday, the market was
active, but the demand still good at very full prices.
so
The sales included No. 2 red winter at $1 18@$1 18^ on the
spot and for June, and $1 05 for July; and No. 3 spring 93@
pretty firm,
espec¬
ially winter growths;_but demand limited.
Indian corn has been active, but at fluctuating values.
Still,
94%c.
in the
mixed
on
the spot.
To-day, the market
was
aggregate no great change has taken place. “ Steamer
has improved some, while No. 2 has declined, the latter
being in relatively better supply than when the receipts from
the Erie Canal were first at hand. Yesterday, the market was
weak, No. 2 mixed selling at 43%c. on the spot and for June,
44%@44%c. for July, and 45%@46c. for August; and steamer
mixed at 43@43%c. on the spot, 42%c. for June, 43c. for July,
August. White com continues scarce.
was dull, and steamer mixed %c. lower.
and 42%c. for
To-day,
firmer early in the week, with considerable doing at
65%c. for choice State and 62c. for prime Western; but latterly
the market is dull and prices weak.
Barley remains quite
nominal, but of malt 25,000 bush, prime Canada sold at $ l 25
Rye
was
dull and unsettled. Oats have met with an active
demand, partly for the speculative account, the sales including
on Tuesday 150,000 bush. No. 2 mixed for June and July at
40c.
Prices are higher, but yesterday the offerings wer3 liberal
and the market tame. To-day, there was a decided decline,
and No. 2 graded closed at 39c. for mixed and 39%c. for white.
The following are closing quotations:
GRAIN.
$ bbl.
No. 2
Superfine State
and
Western
Extra State, &c
Western spring wheat
extras
do XX and XXX...
7732
Delivery.
Aug.-Sept
678
Nov.-Dee
61^32
Aug.-Sept
ping extras
7732
65g
7316
do XX and XXX...
Minnesota patents...
City shipping extras.
Southern bakers’ and
7332®*8@532
.
.7316®732
South’n ship’g extras.
Rye flour, superfine..
Delivery.
Delivery.
Sept.-Oct..... 7532'<i'3ig
®732®*4
Delivery.
June-July
7* 32
July-Aug—.-— 73.32
Aug.-Sept— 7316@&32
7
June-July
Aug.-Sept
7932
7732
Nov.-Dee
Sept.-Oct
7j4
-658
June
7332
Aug.-Sept
714
Sept.-Oct
Aug.-Sept.. -.73i6®732
Western, <fcc
Brandywine, &c
3 85® 3 95
3 75® 4 10
4 25® 6 00
7316
Oct.-Nov
Juue-July
July-Aug
63i32
7116
July-Aug
7i32
7332
Aug.-Sept
71e
Aug.-Sept
Sept.-Oct
.6 34
7^
Chicago
4 50® 6 00
White
No. 1 white
Com—West, mixed
Western No. 2...
Yellow Southern.
White
do
®1 18
®1 17
®
44
1 14
41
433j®
45 ®
50
®
5 50® 7 75
3 90® 5 25
Rye—Western
59
®
5 00® 6 25
4 25® 4 85
3 10® 3 40
State and Canada
Oats—Mixed
White
62
36
39
®
®
®
Barley—Canada W
®
State, 4-rowed
State, 2-rowed
Peas—Can’da.b.&f.
®
®
®
2 10® 2 40
® 2 55
Milwaukee
Toledo....
Detroit....
Cleveland.
St. Louis..
June
G2332
July-Aug
63i32
7j8
Oct.-Nov
.
Wheat,
Com,
Oats,
bbls.
bush.
bush.
bush.
73
46
53
61
(14 ^
40
44
92
566,188 2,845,988
47,953
536,959
73,093
182,462
2,440
124,410
31,660
157,174
7,789
2,555
17,457
575
3,500
7
.6%
Total
126,275 1,674,386
Previous week... 138,987 1,695,692
Same time ’78
90,320
680,672
...
Barley,
bush.
Rye,
bush.
(56 lbs.) (32 lbs.) (48 lbs.) (56 lbs.)
421,140 26,402 32,416
9,550 16,110
60,340
74,250
21.144
157,814
1,015
6,677
13,853
450
400
24,000
36,950
3,051 5,902
363,490 165,066
7,000 13,400
90,400
335,850
117,504
46,287
159
Duluth....,
Delivery.
Flour,
(196 lbs.) (GO lbs.)
...
Peoria
Delivery.
Sept.-Oct
‘.7332'5/i8
4 20® 4 40
hu. $0 93 ®0 94
104 ®1 06
73 ® 75
Rejected spring..
Red winter, No. 2 1 18*2®
No.3 spring, $
No. 2 spring
Receipts of flour and grain at Western lake and river ports
ending June 7:
At—
Delivery.
Delivery.
Sept.-Oct
02932®15i6
.62932<z;i516 Oct.-Nov
7@l32 Jnne-July
Aug.-Sept— 7ii6^32 Aug.-Sept
3 40® 3 75
Wheat—
for the week
Thursday.
Delivery.
$2 60® 3 30
Com meal—
Wednesday.
a
some
family brands
.
fair.
Western winter ship¬
Tuesday.
June
was
be noted.
flour.
Monday.
June-July
July-Aug
week, and
Yesterday, there was something
approaching activity, at $3 85@$4 for common extras and
$4 75@$5 25 for good to choice shipping brands. Rye flour
and corn meal are still without important fluctuations. To-day,
the market was quieter, but steady.
’
The wheat market has been active and on the whole improv¬
was
Saturday.
..
73^
I
—
Futures.
Market, ?
July-Aug.
Aug.-Sept
I Sept.-Oct
Canada peas
Sales
5 P. M.
7*8
BREADS TUFFS.
the market
Mid. Upl’ds
Mid. Orl’ns,
J
spot; $1 18 for June, $1 16 for July, and $1 12% for August ;
No. 1 white, $1 17 spot and June ; No. 2 spring, $1 06 on the
Compressed.
Spot.
I
Delivery.
d.
Sept.-Oct
7^i/S>1e
d.
63*
..
.
.
®7ie
®7ig ....®716
Hamburg, steam. c. ...®*9lfl ...®*916 -.-@*916 ...®>916 -.®*9i6
do
I
Delivery.
d.
Deli eery.
June-July
7®63i32 I Oct.-Nov
July-Aug
7iJ6®139 Oct
Aug.-Sept
7%®332 |
upward ; but no decided improve¬
The strength of the market was
be forwarded by
mainly from sympathy with the course of wheat, and yet the
One or two hundred bales of cotton yet remain iu the wreck,
and may be saved with a great deal of risk and trouble. Salvage
reef).
do
Friday.
we
CHINA. The cargo of the ship China, from New Orleans for Reval,
before reported, is insured, half in Liverpool, half in Bremen. Up
to May 22nd about 2,000 bales of cotton, being ’tween deck cargo,
had been saved and taken to Fredrikshavn. The ’tween deck has
since been broken up, and the salvage was proceeding on the 25th;
but Lloyd’s agent was of the opinion that not more than from 100
to 150 bales could be saved a day, weather permitting. The diver
reported the vessel’s bottom so much damaged that Svitzers have
pronounced it impossible to save the vessel.
Mary. E. Riggs. Wreckers have suspended work on ship Mary E. Riggs,
from New Orleans for Bremen (before reported wrecked on French
Cotton
[Vol. xxvin.
809,853 47,468 68,258
3,292,5211,115,143 64,018 89,2oo
2,345,664 479,206 46,249 39,282
3,924,613
Total receipts at same
ports from Jan. 1 to June 7, inclusive,
for four years:
1879.
1878.
1877.
1876.
Flour
.bbls.
2,834,456
2,575,504
1,808,343
2,283,874
Wheat
Corn
Oats
bush.
25,765,471
38,429,103
7,258,589
30,763,443
7,593,852
18,228,230
30,253,983
2,250,332
26,606,111
39,658,889
10,966,340
2,710,437
1,761,820
2,541,747
842,558
79,771,847
81,730,597
49,000,189
11,957,774
Barley
Bye..,
1,369,167
grain....
Total
Total receipts (crop movement) at
to June 7, inclusive, for four years:
Wheat... ...bush.
Corn.
Oats
the
same
9,670,746
2,792,771
682,730
61,623,402
ports from Aug. 1
1876-7.
1875-6.
5,579,012
5,347,898
4,462,035
4,689,775
81,864,237
70,091,352
74,748,505
23,377,897
9,189,297
3,738,637
36,651,574
69,713,344
58,065,936
50,752,657
24,323,378
7,479,309
1,902,580
1877-8.
1878-9.
Flour.... ....bbls.
609
THE CHRONICLE.
1870.]
June 14,
78,499,498
27,917,586
9,292,078
18,639,642
Com,
Oats,
Barley,
bnsh.
bosh.
hash.
bath.
109,102
348,657
447,604
,117,007
800,000
123,480
416,047
1,828,585
Wheat,
In Store at—
Kansas City
Baltimore
Bail shipments...
Lake shipments..
Total
*
1,012
742
672,274
42,442
11,618
29,267
30,434
37,100
18,594
115,000
15,601,433 12,135,640 1,608,039
652,459
On Canal
May 31, ’79
May 24,’79
May 17,’79
May 10, ’79......
June 8,’78
Rye,
bash.
1,576,807
1,221,000
15,286,257 11,186,506 1,628,733 707,368
13,960,446 9,897,127 1,649,426 873,810
15,331,650 11,322,5441,549,756 982,246
15,108,416 10,626,900 1,759,133 1,176,664
6,345,973 10,357,648 2,208,207 1,103,514
593,39
684,636
807,793
831,379
877,174
521,217
Estimated.
THE DRY GOODS TRADE.
Friday, P. M., June 13, 1879.
week has witnessed a lessened degree of activity in
the dry goods market, but business was fair for the time of
Total grain
201,898,909 181,145,688 136,013,264 142,523,860
year. Manufacturers* agents representing the most staple
Comparative shipments of flour and grain from the same cotton and woolen goods continued to make liberal deliveries
ports from Jan. 1 to June 7, inclusive, for four years:
in execution of former orders, but new transactions were rela¬
Barley...
Bye
4,325,510
8,308,597
2,700,107
The past
....
1876.
1877.
1878.
1879.
Values of nearly all domestic textile fabrics are
7,265.022
17,647,951 very firm at the lately advanced quotations, and most descrip¬
23,915,245
Wheat
bush. 22,875,870
25,778,937
22,624,014
33,167,300
Corn
31,393,470
Taken as a
7,257,569 tions of staple foreign goods are steadily held.
5,643,049
6,733,986
Oats
8,714,781
1,160,162
1,861,574
1,490,339
Barley
1,922,026
635,018 whole, the jobbing trade has ruled quiet, as is usually the case
580,383
1,420,550
Bye
1,205,091
at this advanced period of the season, but there was a very
Total grain
66,111,238
66,727,420 37,973,982 52,479,637
fair movement in light summer fabrics such as printed lawns
Rail and lake shipments from same ports for the last four
and organdies, wide prints, dress buntings, &c.
weeks:
Domestic Cotton Goods.—The exports of cotton goods from
Oats,
Rye,
Barley,
Corn,
Wheat,
Week
Flour,
2,437,576
1,810,353
2,562,393
2,961,747
bbls.
Flour
tively light.
....
May
May
May
7
....
bush.
bush.
bush.
2,564,611
1,982,987
3,405,392
714,716
608,669
31....
24...
17...
2,381,439
2,127,719
122,836
680,701
2,289,247
3,249,753
1,686,946
128,402
bush.
bush.
bbls.
131,749
131,485
ending—
June
650,239
29,267 67,534
29,738 84,411
54,996 90,226
66,402 132,634
8,382,263 11,325,831 2,654,325 180,403 374,805
Total, 4 w’ks. 514,472
4,414,297 11,055,156 2,731,020 102,625 307,070
Tor.4 wks ’78 417,165
Receipts of flour and grain at
seaboard ports for the week
onded June 7:
At—
Flour,
Wheat,
Com,
Oats,
Barley,
Rye,
bbls.
bush.
bush.
bush.
bush.
bush.
Boston
Portland (est)....
Montreal
Philadelphia
Baltimore
New Orleans
Total week
Previous week...
Cor. week ’78....
Cor. week ’77....
2,500
9,764
41,000
1,500
9,750
24,669
47,006
623,171 1,939,127 426,812 292,556
157,106
162,797
93,293
12,836
187,331 2,513,827 3,901,142 460,720
171,300 1,875,791 3,394,047 489,545
157,085 1,204,312 3,821,476 732,520
117,458
And from Jan. 1 to June
7, inclusive, for four years:
.
...bbls.
WTieat...
Corn
Oats
Barley
Rye
..
Total...
1877.
1878.
1879.
Flour...
1,650 104,442
400
5,600
91,538 1,622,400 1,647,625 247,855
42,700 307,250 70,200
37,751
1,200
3,700
2,900
1,089
169,717
10,525 270,653
980,000 71,700
358,300
15,690
724,300 20,000
219,450
13,414
324
68,550 48,676
15,513
New York
1876.
4,350,574
3,693,942
2,963,445
3,886,344
36,700,372
50,465,118
8,557,031
1,423,786
1,745,353
31,252,619
3,650,887
37,075,702
2,074,655
6,995,303
1,525,264
582,722
16,802,036
35,182,041
8,634,731
98,891,660
94,996,781
49,835,878
51,166,206
8,190,148
2,313,153
1,889,424
485,211
62,993,443
Exports from United States seaboard ports and from Montreal,
ending June 7:
for week
Flour,
Wheat,
Com,
Oats,
Rye,
bbls.
bush.
bush.
bush.
bush.
92,413
12,440
811,911
68,103
1,186,330
4,779
1,952
11,660
169,703
363,098
237,551
301,088
698,216
672,898
Total for w’k 123,244
1,650,966
1,906,244
1,545.727
1,681,691
3,009,684
2,110,800
2,382,692
From—
New York...
Boston
Portland
Montreal..
..
..
13,911159,341
151,152
Peas,
bush.
3,462
......
....
..
..
Philadelphia.
Baltimore...
.
.
..
Previous week. 108,922
Two weeks ae'0 127,640
Same time ’7$1. 92,148
71,899
90,552
40
13,951 231,240 94,014
12,887 59,868 136,543
48,056 187,383 56,059
this
during the week ending June 10
packages, including 821 to Great Britain, 126 to
port to foreign markets
were
1,119
British West Indies, 85 to
Ecuador, 45 to Hamburg, and the
There was a steady
plain and colored cottons on account of back
remainder, in small lots, to other countries.
movement in
orders but
business was only of moderate proportions.
new
all such makes of brown, bleached
and
the market, and orders for
future delivery were in most cases accepted “ at value** only,
because of the uncertainty in regard to the future of the staple.
Print cloths continued firm with a hardening tendency, and
moderate transactions were reported on the basis of 4 5-16c.@
4%c. for 64x64s and 3%c.@3 13-16c. for 56x60s. Prints remained
quiet and firm, and some makes of * ginghams were advanced
%c. per yard. Printed lawns, cretonnes, foulards, corded
jaconets, &c., were fairly active, but cotton dress goods con¬
Prices ruled very
firm
on
colored cottons as govern
tinued dull and
Domestic
demand for
irregular.
fairly-satisfactory
men’s-wear woolens by jobbers and the clothing
Woolen Goods.—There was a
trade, though operations by the latter were somewhat
liberal than a short time ago, owing, in a measure, to
less
the
Fancy cassimeres and cheviot suitings con¬
tinue to receive a fair share of attention, and leading makes
are closely sold up and firm.
Worsted coatings have also been
in steady reqnest, and prices were fully maintained. For OYercoatings, the demand was rather less spirited, but beavers were
taken in fair quantities by clothiers, jobbers and cloak manu¬
facturers. Meltons met with moderate sales and slightly
reduced
supplies.
established on a few popular makes.
Repellents were moderately active, and there was a fairly-satis¬
The visible supply of grain, comprising the stocks in granary
factory demand for Kentucky jeans ; but satinets were only in
at the principal points of accumulation at lake and seaboard
moderate request. Flannels and blankets were freely distribu¬
ports, and in transit by rail and canal, June 7, was as follows:
ted in execution of back orders, and new business was of fair
Rye,
Barley,
Oats,
Com,
Wheat,
bush.
bush.
bush.
bush.
bush.
In Store at—
supply on hand.
118,773 proportions, taking into consideration the light
217,406 128,452
744,320
New Yorki.i
1,984,368
757,000
New York, afloat.* 1,100,000
Dress goods ruled quiet, but there was a steady inquiry for
43,000
7,000
800
73,000
51,000
Albany
30,923
262,777
6,935
1,145
151,819
74,069
44,852
130,560
14,105
31,669
11,181
15,000
1,065
112.000
90,812
869,980
34,183
49,300
238,151
39,219
979
137.188
1,620
11,511
24,508
1,584,367
Chicago
3,968,249
Oswego.
St. Louis
Boston
Toronto
Montreal (31st)...
Philadelphia.
Peoria T,
.
Indianapolis
90,364 201,474
328,972
2,793,015
33,453
53,223
321,982
5,650
125,000
Buffalo
Milwaukee
Duluth
Toledo
Detroit
2,374,294 162,174
1,501,339
246,939
230,075
124,403
Shetland and lace shawls.
Foreign Dry Goods.—Apariffrom
511
100,000
3,640
5,000
30,861
42,300
15,074
33,765
860
425,718'
24.913
157,637
98,468
1,429
46,998
69,575
3,500
20,700
10,700
4,400
silks, for which there was
slightly improvedjprices), foreign goods
in first hands, and the spring trade in
this department has virtually closed. Jobbers effected a fair
distribution of dress goods, silks, linen and white goods, hosiery,
&c., in relatively small parcels, but there was no animation in
the demand, which was apparently governed by actual require-^
very fair demand (at
have been very quiet
a
497,076
123,734
advanced prices were
ments.
THE CHRONICLE
610
June
importations of dry goods at this port for the week ending
12, 1879, and for the corresponding weeks of 1878 and
1877, have been
as
follows:
12, 1879.
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING JUNE
1878.
1877.
Value.
Pkgs.
$
Manufactures of—
Miscellaneous
Pkgs.
Value.
$
200
643
288
614
69,356
166,199
2,380
4,125
Wool
Cotton
Silk
Flax
1879.
Value.
Pkgs.
73,305
170,494
269
695
102,456
179,150
406
234.380
57,193
220
644
313
531
688
101,133
53,860
887
234
132,607
36,821
568,218
2,396
577,942
2,491
694,652
169,510
105,960
Total
THE
The
following table, based upon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports);
also the receipts from January 1, 1879, to that day, and for the
corresponding period in 1878:
New York Produce
Week ending
June 10.
188,388
e
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
MARKET
DUR¬
Ashes
Beans.
Breadstuff’s—
.bbls.
...bbls.
Cora meal
Wheat
..
156
126
135
55
55
284
62,862
38,721
42,171
52
162
653
124
87
67
165
412
55,645
15,585
35,208
50,152
18,114
64,320
34,123
21,215
Cora
Oats
Total
Ent’d for consumpt.
1,149
4,125
202,284
568,218
2,482
2,396
175,105
855
187,924
577,942
2,491
694,652
Total
5,274
770,502
4,878
753,047
3,346
882,576
Hops
market...
35,666
22,864
35,581
1,953
33,086
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
Cotton
Silk
120
141
52
251
Flax
Miscellaneous
1,527
Total
Ent’d for consumpt.
4,125
Total at the port...
6,216
133
88
49
50,150
42,983
48,261
37,773
30,107
2.091
SAME
PERIOD.
625
58,699
28,158
22,396
35,196
46,809
209,274
568,218
1,096
2,396
777,492
3,492
181
January 1, 1879, and for the
1878.
China, Ac.—
China
Earthenw
Glass
Glassware.
Glass plate.
Buttons
.
Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
Drugs, &o—
Bark, Peru.
Blea. powd.
Cochineal..
Gambier
.
.
Gum, Arab.
Indigo
Madaer, Ac
Oil, Olive..
Opium
Metals, Ac5,195 Lead, pigs.
17,108 Spelter, lbs
5,048
17,398
108,132
13,922
2,322
4,784
14,713
12,930
100,538 Steel
9,376 Tin, boxes.
2,702 Tin slbs.,lb8
4,177 Paper Stock.
32,377 Sugar, bhds,
9,796 tcs., Abbls.
1,006,109
19,699
8,937
1,727
28,471
2,574
3,249
1,456
19,281
429
402
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits.
2,143
500
388
Hair
Hemp, bales
Hides, Ac.—
1,855
99,092
1,973
106,575
Bristles
..
Hides,dr’sd
2,112
India rubber
23,549
Ivory
Jewelry ,AcJewelry...
479
643
1,201
1,114
283
246
Watches
Linseed
.
.
870,019
379,098
26,832
888,254
488,255
27,627
277
265
41,340
74,990
19,753
59,537
37,512
14,176
$
674,447
31,510
352,484
166,147
328,838
154,305
22,509
495,794
1,243,095
336,960
379,479
4,789,554
105,119
505,304
1,210,602
357,863
274,706
5,307,840
74,290
...
194,656
77,489
265,343
175,498
100,038
30,451
193,998
78,495
Logwood
Mahogany.
238,041
72,966
357,806
89,242
220,422
18,921
368,027
35,580
..
Oranges
Nuts
Raisins
.
...
....
undr.
Cassia
j Ginger....
'
Pepper....
Saltpetre
145,510 Woods33,423 Cork
Fustic
Metals, Ac—
Cutlery
....
2,149
1,881
Hardware.
209
276
..
Exports of Provisions.
The following are the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland, and New
Orleans, for the week ending June 7,1879, and their distribution:
Pork,
Beef,
Lard,
Bacon,
Cheese,
bbls.
bbls.
lbs.
lbs.
lbs.
Liverpool....
585
1,275
London
415
62
25
121
Glasgow
Hull.
Bristol
Hamburg....
Rotterdam
85
..
Bremen
48,000
43.600
960,800
99.600
864,000
18,150
Antwerp....
Havre. ?
100
Marseilles....
1,718,874
105,744
501
75
150
150
50
55
Genoa
Cout’l ports..
5
6
489,168
551,360
629,200
6,053,377 2,567,223
12,420
332,100
214,440
432,125
8.520
213,275
83,125
57,120
38,000
427,025
47,500
7,0 20
1,697,500
1,224,564
61,750
Tallow,
lbs.
830,298
80,0C0
8,000
.27,500
110,000
132,007
102,000
261,800
244,250
6,120
33,187
3,180
1,149
S.AC.America
West Indies..
Br. N. A. Col.
Otb’r countr’s
2,392
1,352
475
11
513
381
11
Total week..
5,539
3,349
6,107,498 11,093,518 2,910,379 1,558,609
Previous
5.133
2,339
4.731,117
w’k
93
..bush.
712
57,648
37,283
.pkgs.
..pkgs.
.pkgs.
.pkgs.
.pkgs.
25,690
156,219
20,490
839,769
151,453
.
.
.
.
...bbls.
tcs. A bbls.
.kegs.
.
No.
Rice
.pkgs.
.
280,152
2,288
191,770
3,280
7,800
228.994
4,522
3,123
7,004
9,515,198 2.559,465 1,363,919
463
22,256
47,267
49,305
12,109
23,404
1,105
m
m
m
.
.
Stearine
.pkgs.
.
...bbls.
hhds.
.
Tallow
.
boxes A
.pkgs.
cases.
548,066
.
142
46,262
652
29
16,373
1,044
28,265
53,324
69,523
25,697
147,566
37,469
116
1,117
3,278
2,514
.bbls.
..
Wool;
29,631
616,303
443,423
627,440
278,212
423,043
18,862
19,807
12,570
497,886
258,115
426,280
26,833
49,869
19,994
.slabs.
Spelter
2,521
7,633
11,118
474
11,153
38,578
67,381
46,299
S9,009
26,299
Exports of Leading Articles of Domestic Produce.
The 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 exports
from the 1st of January, 1879, to the same day, and for the
corresponding period in 1878:
Week ending
June 10.
...bbls.
bbls.
lbs.
Ashes, pots
Ashes, pearls
Beeswax
Breadstuff’s—
Flour, wheat
Flour, rye
Cora meal
Wheat
Rye
Oats
Barley
Peas
Cora
Candles
Coal
Cotton
Domestics
.bbls.
bbls.
...bush.
...bush.
...bush.
..hush.
.bush.
...bush.
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
27,138
91,477
54,304
1,326,589
1,119,951
2,241
858,414
97,230
13,221
3,320
1,049,757
659
..bales.
.tons.
...pkgs.
530
170
3,326
74,942
18,872,948
1,848,612
326,374
100,808
173,456
13,873,494
29,689
38,450
120,013
60,440
28,409
12,461
2,384
95,228
.
20,252,242
1,904,555
747,339
1,477,817
252,191
10,805,561
21,681
27,565
225,050
81,498
29,642
35,805
100
135
366
115
4,138
86,018
3,813
2,682
6,034
109,711
3,193
3,319
8,077
809,328
1,134,387
....gals.
14,518
....gals.
32,251
96,780
89,509
575,201
680
5,335
206,349
282,458
569,454
3,494
....gals.
3,458,670
81,362,613
66,756,321
....bbls.
3,877
....bbls.
.tierces.
lbs.
1,053
120,948
22,011
33,575
252,487,009
963,442
2,559,434
112,294
23,172
28,196
296,482,996
14,001,773
40,419,985
4,454,221
127,758,195
122
8,166
1,405,625
1,087
34,501,270
...
bbls.
bbls.
bbls.
.bbls.
....bbls.
...
..
Butter
Cheese
Lard
lbs.
lbs.
bbls.
■Rice
lbs.
Tallow
.hhds.
Tobacco, leaf
Tobacco
bales and cases.
..
manufactured, lbs.
lbs.
Whalebone
Tobacco,
654
1,049
2,505
1,119
..
Hay..
Hops
Naval Stores—
Crude turpentine.
777
147
.pkgs.
..
Same time
last year.
966
75
.
..
Since Jan. 1,
1879.
50
5
..
Sperm
96.000
Italy
655
793
.galls.
.
Spirits turpentine.
To—
221,327
6,967
.bbls.
..
Fruits, Ac.—
Lemons
1,736
28,616
150,881
11,628
7,968
Peanuts
Provisions—
Pork.
Beef
Cutmeats
Butter
Cheese
Tobacco
Tobacco
748
-pkgs.
.
Sugar
18
107,777
10,900
.
Sugar
1,888,100
.bbls.
...bbls.
..bbls.
..
Lard
Lard
118,519
87,237
66,200
44,952
91,614
77,191
28,916
1,855,879
429,284
4,941
75,397
28,011
128,958
12,643
1,176
225,024
9,755
..
Whiskey
21,569 Spices, Ac.—
251,579
41,310
Molasses....
248,962
Corks
729 Hides,
2,048 Rice
617
.
4,280
566,659
18,897
433,561
5,616,217
61,654
597,254
Fish
.hhds.
Hogs, dressed
Cigars
Fancy goods
2,648i
1878.
321,225
$
value.
13,501
25,279
30,503:
1,752
1,335
3,525
Gunny cloth
60,184
5,976 Cbamp’gne
baskets..
1,638
3,655 Wines
1,467 Wool, bales.
18,567 Reported by
29,541
Furs
8,599,557
Tea
12,900 Tobacco....
12,438 Waste
908 Wines, Ac.—
7,615
28,290
Flax
4,368
949,039
33,748
553,569
677,397 Sugar, boxes
2,205 and bags...
7,008
....
Soda, bi-cb.
Soda, sal...
Soda, ash..
1879.
446*556
93^006”
18
Oil, lard...
Oil, whale
427,565
107
...bbls.
894,324
2,279,122
403,817
12,097
1,131
.
1,627,321
14,486,953
4,557,850
3,288
.bags.
...bags.
..
21,392,559
177,073
106
456
7,915
80,274
18,750,408
994,303
14,996,171
4,215,891
1,673,337
.
.
Eggs
1879.
1,813,445
88,406
.pigs.
769,200
same
[The quantity is given in packages when not otherwise specified.]
2,236,574
79,227
199,672
694,652
House returns,
this port since
period in 1878:
82,355
5,054
1,282,124
155,338
1,383,048
279,219
82,301
7,900
7,680
..sides.
5,424
2,491
The following table, compiled from Custom
shows the foreign imports of leading articles at
2,103
36,515
..
Leather
Lead
Molasses
Molasses.
Naval Stores—
191,258
577,942
Imports of Leading Articles.
.
Hides
Rosin
Tar
Pitch
Oil cake
-
3,227
35,088
2,725
2,733
4,975
201
.
.
Same time
last year.
162
No.
.bales.
61,457
48,427
36,373
20,281
33,134
115
54
99
..bush.
..bush.
.bush.
.bush.
.hales.
.bbls.
Barley and malt..
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides...
on
...bbls.
.bbls.
..bush.
Flour, wheat
Since Jan. 1,
1879.
1,356
..
Rye
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
[Vol. XXVI1L
Receipts of Leading Articles of Domestic Produce.
Importations of Dry Goods.
The
.....
......
229
2,743
918
6,809,477
237
130,554
3,372
.
22,124
11,188
3,253,036
27,596
5,710,637
35,651,316
148,684,974
10,466
33,998,265
26,662
25,059
2,933,894
t>9,103
@FedFRASER