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MERCHANTS' MAGAZINE..
Hi; NT'S
gi
^^U
(Jill
§invi8iir
jj
ape r,
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL.
NEW
26.
YORK, JUNE
THB
National Bank-Note
(INCORPOBATKD KOVEMBEE,
^
No. 1
WAUL
BANKERS,
New
Co.,
52 irilliam Street,
1859.)
STREET,
NEW YORK.
"^
EKQBATZBS OP THE
&
Paton
Jesup,
IJnited States Bonds, Notes, Cnrrenoy
and National Bank Notes.
ESOBAVIKQ AlTD PbINTTNO OF
Co.,
In tbe highest etyl« of the art with tpeciat suft'
and patented, to prevent coonter'
ROAD SECURITIES BOUGHT AND SOLD ON
and alterations.
:
Thi? Company engraves and prints bonds, postage
uamps and paper money for various foreign
vJovemmeuts
—South
and Banking Institutions
American, European, West India I:ilands, Japan,
iSse.
ijoinmunieationa may he addretaed to tM4
Company in any language.
J.
J.
H. VAN ANTWERP, PresH.
MACDONOlfill, V'Ice-Prcs't.
A. D.
SHKPAKD,
Aba
p.
Pottek, Preat.
Sam'l Phillips, Cashier.
Maverick National Bank,
Capital,
Snrplns,
BOSTON.
.......
.......
Special attention
given to
BROKERS,
COLLECTIONS, and
Boston business paper discounted. Correspondence
I nvited.
.R. A. Lancaster
&
R.T.Wilson
J.
H. HAAII.
J.
&
Co.,
&
C. F.
KTJEHNEMTJXDT
All business relating to the Construction and Equip-
WALSTON
SOUTHERN SECURITIES A SPECIALTY.
LOANS NEGOTIATED.
Co.,
Bankers and brokers,
7 Wall St., Cor. New, New York.
45 WALL STREET.
for cash or on margin.
orders for Investments.
Charles G. Johnsen,
BANKER,
I«A
FRED.
BANKERS,
New
A.
BBOWy.
BANKERS AND BROKERS,
No. 33
W^
A
li I.
STREET,
TRANSACT A GENERAL BANKING BUSINESS.
MMISSION.
STOCKS BOUGHT AND SOLD ON
INTEREST ALLOWED ON DEPOSITS.
13
Sbtd i« Grant.
N. Pettt.
O. St. Jou.v Suef' eld.
RAILROAD SECURITIES.
NEW
m PearlTORK,
BOSTON.
70 sute Street.
Bonner &
Co.,
Co.,
COBRE8POXDEXT8 OF
Bank
International
nf
Hamburg and
London, (Limited.)
IN EUROPE,
HOUSE
JOHN BERENBERG, GOSSLER 8c CO
HAMBURG.
Hatch
BANKERS,
&
No. 12
Foote,
^TALL STREET,
BCT AND SELL
GOVERNMENT BONDS, GOLD, STOCKS AND
MISCELLANEOUS SECURITIES.
Gilman, Son
BosTwiCK,
Member N.Y. Stock Exchange.
Stocks, Bonds, Gold and Government Securities
bought and sold for cash or on margin.
Southern and Western Slate, Municipal and Ballroad Securities made a specialty.
Mining Stocks bought and sold at New York and
Ban Francisco Exchanges.
Correspondence solicited.
&
GoSSLER
8..B.
Petty & Bostwick,
BROAD STREET, NEW^ YORK.
G. T.
York.
SPECIAL ATTENTION GIVEN TO THE NEGOTIATION OF
& Company,
Grant
62
&
Co.,
BANKERS,
CEDAR STREET,
Batklng Butlneu, bay and
Government Bonds and Investment Securities.
In addition lo a General
sell
Gwynne & Day,
[EsUbllehcd
1854.]
No. 16 Wall Street.
Transact a general banking and brokerage buslnen
In Railway shares and bonds. Government Secoritlei
and GoH.
Interest allowed on deposits.
Investments carefully attended to.
BANKERS AND ^OKEBS,
No. 20 Broad Street, New York.
W^ ANTED:
Detroit A Mljwauket- RR. 1st and 2d Mortgage Bonds.
Atchison ft Pike's Peak KK. 1st Mortgage Bonds.
Keokuk A Dcs .Molnrs RR. 1st Mortgage Bonds.
Chicago City
166 QRAYISR BTRBST
EEOWN.
34 Pine Street,
Sptclal attention paid to
UUDEUS EXECUTED AT THE PHILADELPHIA
AND BOSTON STOCK EXCHANGES
INVESTMENT SECURITIES.
Special attention to business of country banks.
H.
Street.
Co.,
DE.^LERS IN SPECIE AND UNITED STATES
SECUKITIES. Buy and sell Stocks, Bonds, and Gold
Flrst-Class Investment Secnrltlea.
GOVERNMENT BONDS, STATE. CITT, COCNTT,
BAILR0AD4 MISCELLANEOUS 8EUCR1TIE8
Bought and Sold on Commission.
nrylnia Tax-BeceiToUe Coipont Sought..
Steel Co. (Limited),
ment of Railroads undertaken.
BANKER SAND BROKERS,
B.
NEW ORLEANS
HENGSTLKR.
Haar
J.
AJMD
AND THE
Thompson
Edgrar
Sam'l D. Davis.
bankers AND COMMISSION MERCHANTS,
2 Exchange Court, New Y^ork.
DZALERS IN
nCRCUANT
JOHNSTOWN, PENN.,
PINE STREET,
COMMISSION.
C. D. Wooo.
BANKERS AND BROKERS,
&
Cambria Iron Company,
>,:
Co.,
BROADWAY, NEW YORK,
A. H. Brown
Buy and sell Railroad Investment Securities. Col.
ect Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL RAILS made by the
NEW YORK. Walston H. Brown&Bro.
GOVERNMENT BONDS, MUNICIPAL AND RAIL-
$400,000
200,000
.
prompt remittances made on day of payment.
66
Wood
& Davis,
BANKERS AND
Treasurer.
JNO. E. CUItRIBB, Secretary.
ST.,
York.
PITISBURGH, PENN.
No. 31
teitiog
New
collected.
BANK-NOTES, STATE AND KAILKOAP BONDS.
POSTAGE AND BEVENtTE STAMPS,
OKBTIFICATES, DBAFTS, BILL3 OF EXCHANGE,
AND COMMEBCIAL PAPEBS,
<ruar(l> devised
S. Kennedy & Co.,
BANKERS AND mERCHANTS,
41 CEDAR, COIt WILLIAM
Accounts and Agency of Banks, Corporations,
and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends, also as transfer agents.
Bonds, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Funds carefully Invested In Western farm mort-
and ths Interest
J.
ITork.
flrras
gages,
677.
Financial.
Ffnaiielal.
Financial.
OmCE,
NO.
15, 1878.
6
and
7
Per Cent Bonds.
FOR SALE:
Louisville City 6 and 7 Per Cent Honds.
Louisiana State 7 Per Cent Consol. Bonds.
Kansas Paclhc RR., Leavenworth Kranch Bonds.
Moble t Ohio Railroad Sterling Bonds.
Kountze Brothers,
BANKERS,
12
WALL STREET, NEW YORK,
Issue Letters of Credit, available in
world;
also.
Time and Sight
BANK OF LONDON.
Bills
all
parts of the
on the
Cable Transfers made.
UKIOH
:
THE CHRONICLE.
Orexel,
&
Morgan
No.
&
Co.,
SODTH TUIED
8»
Drcxel, Harjes
St.
&
C<
Paris.
Philadelphia.
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Secnrttlea, Gold.
Ac, bought and sold on ConimlsEion. lDteref»t alloweo
on Deposit-. Foreign Kxchauge. Commercial CreditB.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
ATT0BJJKT8 AND AGENTS OF
S.
moRGAN &
nessrs. J.
No. 32
OLD BROAD
Brown
&
Brothers
No. 59
WALI.
ST., N.
rates; also Cable Transfers.
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MacTAVISH, Agents.
G. M.
¥.,
use in the United States and adjacent
countries, and In pounds Stirling for use in any part
of the world.
G. C. Ward,'
AGENTS FOE
Buys and
&
iS:"Gl,'lS'B'V.
&
Co.,
Agents.
I
"LIMITED";
STVART & CO., Bankers,
MANCHESTER, PAYABLE IN LONDON
-
ALSO,
CABLE TRANSFERS AND LETTERS OF CREDIT
& W. Seligman & Co.,
J.
BANKERS,
EXCHANGE PLACE,
J.
change. Cable Transfers and Gold, issues Credits
all parts of the world, makes collections
in Canada iind elsewhere, a;id issues Drafts payable
any of the otHce* of the bank in Canada Demand
drafts Issued payable in Scotland and Ireland, and
every description of foreign banking business underat
taken.
New York Agency, No.
with Messrs. JESUP,
52 IVtlllani St.,
PATON &. CO.
Bank of Montreal.
CAPITAL,
SURPLUS,
$12,000,000, Gold.
5,500,000, Gold.
OEOROB STEPHEN,
ANGUS,
&
Buy and
PARIS.
CO.,
LONDON.
CiECTXAB Notes and Ceedits fob Tratei,bb8.
Knoblauch
Transfers
Smitreks,
.Lichtenstein,
BANKERS,
WlUlam
St., cor.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and lasae Letters Of
the
Credit
SPECIAL PARTNER,
Berlin.
DEUTSCHE BANK.
ISO Pearl
&
Co.,
New York,
Street,
AQXITTB FOB THS
LONDON AND HAN8EATIC BANK,
(LumD).—LONDOBi
Paid-Up Capital,
Office,
-
in
-
9,000,000 Francs,
BOARD OF DIRECTORS
Felix Geisvb, President.
ALFRED Maqctnay (Graff & Maquinay), Vlce-Pres.
J. B. Von rEK Becke (B. Von der becke).
Otto Guntuer (Cornellle-Davld).
Ehiie dk Gottal.
Kbank (Fr.ank, Model & Cle.)
AUG. Nottebohm (Nottebohm Freres).
Fh. Dhanis (.Mlcbiels-Loos).
Jou. Dan Fuiirmvnn, Jr. (Job. Dan. Fuhrmann).
Louis Webbk (Ed. w eber & Cle.)
Jules Rautenstbal-ch (C. Schmld & Cle.)
AV.
TRANSACTS
GENERAL HANKING
A
BUSINESS.
Adolph Boissevain
K
A N
<:
K
& Co.
»
COMMISSION
.TIER«»Si\Isi,
AMSTERDAM, HOLLAND
N. Y. Cor.-espondent8.— Messrs.
Chicago and thronghoat
S.
BLAKE BROS. A CO
No. 9 BIrcliIn Lane.
Exchange Bank
Co.,
BANKERS,
Grant
world.
COMMERCIAL CREDITS
(or
use agaln»>
Consignments of .Merchandise.
Kxec;ite Orders on the
Make
OF CANADA.
&
King
45 Pall lUalN Loncf.on, England.
Issue CIRCULAR NOTES /y« «/ cAari;*, availableIn all parts of the
London
Anversoise,
Antwe rp.
Henry
Dominion of Canada.
Collections on
London Stock Exchange.-
all
Points.
RecelTS DeposIV
and Current Accounts on favorable terms, and do
Capital Paid
HEAD
GADLT,
Up
$1,000,000.
OFFICE, MONTREAL.
Pres't.
C.
B..MUREAY,
Cashier.
General London and Foreign Banking Business.
KING, BAILLIE ic CO., Liverpool.
NEW YORK CORRESPONDENTS,
Messrs.
BRAJfCHES:
Brewster, Basset
AOEyTS:
(CITY).—Owen Murphy.
NOVA SCOTIA.—Merchant*' Bank of
FOREIGN AGENTS;
Sterling and American Exchange bonght and sold.
Interest allowed on Deposits.
Collections made promptly and remitted (or at low-
CO,
ic
&
Co.,
BANKERS,
Halifax.
LONDON.—The Alliance Bank (Limited).
NEW YORK.—The National Bank of Commerce.
Messrs. Hllmers, McGowan & Co.
CHICAGO.— Union National Bank.
BUFFALO.-Bank of Buffalo.
est rates.
WARD, CAMPBELL
Boston Bankers.
Hamilton, Out.! Atlmeb, Out.; Fabk Bnx, Our.;
BXDFOBD, P. Q.
QUEBEC
of Europe.
G. Amsinck
Centrale
and Cable
;
on and make collections
Exetaanse Place,
NEW YORK.
all principal cities
Foreign Bankers.
Agents.
grant Commercial and Travelers' Credany part of the world Issue drafts
;
available in
M. H.
&
S9
London, England.— The City Bank.
K-,^T.. vnoir i National Bank of Commerce,
^ ^™ ' ORE. j (. J. un^itiiers and W. Watson.
Collections made on the best terms.
OFFICE,
Sterling Exchange, Francs
sell
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
Sc
BANKERS:
AM*
General Manager
WALL STREET.
61
C. F.
its,
No, 8 Wall Street, Netv York,
4 Post OlBce Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
;
Barrie, St. Catharines, Oolllngwoort.
President
Waltke Watson,
ALEXANDERS
Hugh Lkacd, Asst. CashBranches at Montreal, Peterboro, Cobourg, Port Hope-
if
NEW YORE
Nos. 59
Issne Letters of Credit for Trarelent,
Co.,
OFFICE, 1 0RONTO.
Duncan Coulson, Cashier
General .Manager.
Asst. General Manager.
R. B.
Payable in any part of Europe, Asia, Africa, Anatralls
ftnd America.
Draw Bills of Exchange and make telegraphic translere of money on Europe and Cftllfomia.
$1,000,000.
$2,000,000.
HEAD
INGUaM,
available In
CORNER BROAD STREET. NEW SORK.
CO.,
Promptest attention paid to collections payable In
any part of Canada.
Apnroved Canadian business paper, payable In gold
or currency, di^ounted on reasonable terms,, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
OFFICE, MONTREAL.
;
NATIONAL BANK OF SCOTLAND.
MUNROE &
Cashlc.
-
BANKERS.
LONDON, ENG —The Clydesdale Banking Go.
NEW YORK—The Bank of New York, N.B. A.
BELFAST, IRELAND
AND ON THE
No,
WILKIE,
Banque
$6,200,000, Paid Up.
the Hon. JOHN HAMILTON.
Vice President, JOHN MoLENNAN, Esq.
-
HEAD
VltSTER BANKING COMPANY,
&
li.
Agents in New Yorkr
Bank of Montreal,
69 Wall street.
Agents In London:
Bopanqukt, Salt & Co.,
93 Lombard street.
C A K A D A.
Capital,
Bank of the Republic.
The New York Agency buys and sells Sterling Ex-
;
John Munroe
D.
Dealersln American-Currency and Sterling Exchange-
National
EXCHANGE ON
SMITH, PAYNE &. SMITH'S,
BANKERS, LONDON
MANCHESTER & COUNTY BANK,
59
;
OFFICE, TORONTO.
OF
WM.
BILLS OF
JOHN
$1,000,000.
President
BBANcnES :—ST. CATHERINES, PORT COLBORNR,
ST. THOMAS, INGEBSOLL, WELLAND.
Merchants' Bank
GEOhGE HAGUE,
J.
33 NASSAU STREET.
Exchange, and makes Cable
Commercial Credits available everywhere.
President,
Stuart
Sells Sterling
Transfers of Money,
BARING BROTHERS & COmPANT,
52 WALL STREET. NEW YORK.
28 STATK STREET, BOSTON.
$6,000,000 Gold.
$1,900,000 Gold.
Surplus,
THEY ALSO ISSUE COMMlERCTiL CREDITS
MAKE CABLE TliAN^fEBS OF MONEY BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITALN AND IRELAND.
J.
HOWLAND,
HEAD
WALL STREET.
Capital,
issues
&
S.
The Bank of Toronto,
Bank of Commerce, Capiial, CANADA.
Reservf,
No. 50
dollars for
G.
MORRIS,
Capital,
H
The Canadian
Co.,
lesne, agalHstcash deposfh d, or satisfactory gaaran.
tee of repayment, Circular Credits for Travelers, In
S.
W^ALL STREET.
No. 52
Commercial Credits issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable in
London and elsewhere, bought and sold at current
CO.,
LONDON.
ST.,
Imperial Bank of Canada
Bank of British
North America,
Boulevard HHUsBmfinii
31
THE
AOI^KCS OF
Co.,
WAIiIj stkeet,
COKNER OF BROAD, NEW YORK.
Uiexel
Canadian Banks.
Canadian Banks.
Foreign Exchange.
XXVL
[Vol.
No. 8S
CONGRESS STREET,
Boston, Mass.
Dealers In Stocks, Bonds, Gold and
Gommerolal
paper.
Orders executed on Commission at Brokers
Auctions, and Private Sale.
Isyestmeat Securities constastl; on baud.
Boant
,
JoNB
THE CHRONICLE.
I878J
15,
Boston Banker*.
Oiorsc H. Holt,
Member K. T. Stock Kxchange.
«Io. Wh. Ballod.
<]leo.Wiii.llalloii&Co
WALL STREET,
$
Vi
DBVOSSHIUK
ST.,
Municipal Bonds
&
Chas. A. Sweet
Bankers and Brokers.
THK
Hilmers,McGowan & Co
Anglo-Californian Bank
(LIMITED),
LONDON, Head Office, 3 Angel Coart.
SAN FRANtmSCO Office, 413 California
AgcnUi, J.
Co.,
FliKD'K
P. N.
LOW,
K.
AUd
1% eiilvru
-Hcil
Uanaepr.
f*"'""*''"-
Baltimore Bankers.
70 Broadway
&
'.
a'. '.111.
^
\ .
.
and
«oliclted
toformailou
t*OBRR»p«>NT»ttNT»— MrRlni Brother*
&
1'
»
far
Surplus,
(invested In
"
3,500,000
A SPECIALTY.
Cash paid at once for tht.* ihove Securities or Loef
will be sold on commlsslou, at seller's option.
)
^Seote.
(
Commercial and Travelers' Credits available
any part of the world. Draws Excbasge, Foreign
and Inlan 1, an I makes Trans ers of Money by Telegraph and Cable. Gives sped .1 attention to Gold and
iSllver Bullion and Specie, and to California Collec
tlons and Securities atid arrdoges to pay Dlrldends
on such securities at due dates.
'"
tnd
New
ST.),
do
do
b
&
Co.,
ANK 1£RS,
nOBILE, AKAKA.ni.
bpeciHi alieDliOD palu tu collecUoof, with prunipt
Tpnilttan ;ee al curreut raleB of exchange on day of
Mymefit.
— tiermaii
AuierlcaQ Bank, New
fork; Loolaiana NallonAl Bank. Nf;w Orleans; Bank
U.'erpool, Liverpool
CuiTf><*po» dents.
M
^
K
A.
bi5RBr88, Prep't.
K..
WiLKSK^Cashlei
National Bank,
First
WIL..niN«iT<UN, N. €.
CoUecItons nuwo on
all
New
Laidlaw*& Co.
AGENTS FOR THE B.\NK OP CALIFORNIA,
No. 12 Pine St., New York.
Receive deposits and transact a general banking
business execute orders at the N. T. Stock Exohange
for Stocks, Government, State, Municipal and Railroad Bonds and Gold.
;
Particular attention given lo the pnrchase and sale of Mlnlns Stocks In San
Francisco, for which «re have the best
facilities; also all other California Securities.
Issue Bills of Exchange. Letters of Credit ani f elegraphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Francisco.
ALL Descriptions.
W A SITED.
Southern Itallroad Bonds, all kinds.
Toledo Lognneport & Burllogton Bonds.
Kansas PaclQcItailroa Bonus.
Union & Logiinsport Bonds.
Indianapolis & ViuccniikH Bond?.
:
Commercial Cards.
c
Russell & Co.,
on nissioN jherciiants
AND SHIP AGENTS,
Canton, Amoy, Foocliow,
Shanghai and Hankoiv, China.
Song Kong,
Boston .Agency,
Uepresentcd by
i
MUBltAY FORBES.V
J.
aO
Cestbal Street.
S.
POMEUOT
W.
Water
106
S
Hong Kong &
Jb.,
St., N.
Y
Shanghai
Banking Corporation,
Head
Hong Kong.
Office,
Represented by
S.
W.POMEUOY
Jb.. 106
Charles E.
WaTEB
St..
N. Y.
Parker,
COMMISSION MERCHANT,
Bankers and Brokers.
parts of the United States
Adams &
DEALS IX
Flrst-Class Investment Securities,
CITY BONDS OF ALL KINDS,
Railboad Boxds and Southbbn SBOtJBiTncs or
BANK of NEW YORE, N.B.A.
York, The
BANKERS,
H V. W1IT.IAHB. JNO. W. lllLLBr,
CUA8. B. XtLLSB.
Thos. P. Miller
do
Albert E. Hachfield,
WALL STREET, NEW YORK,
WM. ALVOKD, President. THOMAS BROWN, Cash'r.
B. MURRAY, Jr., Asat. Cashier
Ifork Boards.
Southern Bankers.
TflOS. P. K11.LKR,
PAYNE & SMITHS,
UNION BANK OF LONDON,
Bankers, London, SMITH,
18
Capital, Paid up in Gold, $5,000,000.
HII.AI>EIiPHIA.
Stocks
;
Orders In bLorkc and Bonds promptly executed at
iie Pbiladel'
PINE STREET.
Insurance
The Bank of California, San Francisco.
Austin,
Bell
New Tork
Bailey,
S.
7
$10,009,0:,0 Gold.
;
''>
J.
STOCK BROKER,
t03 WAL^|• PLACE (316 WALNUT
St.,
%W~ Accounts of Country Banks and Bankeri: re
celved on favorable terms.
Issue
Co.,
BANKK1» AND BUUKKUb.
BAI.TI.T.OBK.
VN K>TMKNT and VlKlilKlA 8l!:CUKITIK^
nrrt^iiroudeiice
New
IS
Ac
Transact a General Banking Bnslneas.
STOCKS, BONDS and GOLD Bought and Bold on
Commission, and carried on Margins.
Deposits deceived and lnt«'c8t Allowed.
In
Wilson, Colston
Francis,
BANKERS AND BROKERS,
Dealings In
up
Capital, paid
CHKISTENSEN,
CHARLES W. CUURCn,
t.
&
Trask
E.
aind
4'ltf
3,8«.)
hills.
62 Wall Street.
C. T.
Pliila. &,
merclal
Stackpole,
OKVCNSHIKK STBSKT
U.S.Bonds)
*•(!}
IN
Special attestlon paid to ths neKctUtlon «< Coat
OF SAN FRANCISCO.
New York Agency,
&
t
BOX
(P. O.
Co.
$6,000,000.
1,550,000.
IGNATZ 8TE1N11AKT,
L'LIKNTUAL Cashier.
PKALKIIS IN GOVKRXMKNT SECO.UTIKS, Gold,
9uie. CUy, County ard Itallroad Bonds.
79
St.
&
The Nevada Bank
STATB STKBKT, BOSTON.
Parker
Selunnan
BROKBBS
FOREIGN EXCHANGE AND GOLD,
63 Waai Street, New York.
Transact a general BaukloK Dullness. Isaufl Com
merclal Credits and Bills of Kxctianee, available In all
pa^ts of the world. Coliectlous aud orders for Bonds.
Stocks, etc.. executed upon the -'lOht laroraMe term*
UANKEIiS
BiNKKH".
A W.
Autborlzed Capital, •
Paid-up aud Reserve,
KANKKRS AND DEALERS IN
Ill
Western Banks.
NKW YOHK
Boston,
>e\v York,
40
.
BOSTON.
14 Exchange Place,
Post Office Box
&
Olyphant
Leonard,
J.SS4.
Co.,
COMMISSION MERCHANTS,
(BANK EBB,
Kong Kong, Shanghai, Foochow and
DALLAS, TEXA9.
Canton, China.
Kew York Correspondent
THE
CITY
.MoodT
A
CAJ Co.
BANKERS,
Jemlson
BANK OF UOVSTON,
Neur York.
Texas.
We Rive special attention to coUecttona on all acceaDiBKOTORS.— Benjamin A. Botts. Pres't C. 8. Longcope. W..I. Hntjhins. F. A. Rice, C.C.Baldwin, W.B.
BENJ. A. BOTTB, Prest.
Botta. Rnl>'t Ilrcwster.
B. F. WliKMS. Cahhier.
:
Tf anaact s General Banking Business, Including the
purchase and sale of STOCKS,
BONDS and GOLD
for cash or on a margin.
Investment Securities For
P. O. BOX 2,647.
A. M. KiDDSB.
C.
President.
j
STATE BANK,
)
(Incorporated Wa.i
C. T. WaUOEB
Cashier.
German Bank,
I.ITTI.E
CAPITAL (Paid-im)
McKim
W JIcLbllah. Jb.
W. Tbabe
47
BOCK, ARK.:
SCBPLCS
Prompt attention glyen
$75,000.
2S,000.
to all bnslnesa In our line.
N. Y. CoBBX8POTrDZ!rrs„Donnell, Lawaoa ft Co.and
Uie MeUopoUUn National Baolc
J.
&
Brothers
BANKERS,
IVall Street, New
CO., of China,
St.,
John Dwight
New
&
York.
Co.,
MANUFACTURERS OF
SUPC R-CARBON ATE
OF
Sale.
"Weslern Banks.
V. V. PINZRL,
dc
104 W^aU
WALL STREET AND BROADWAT,
CQR. OF
Caplua, $600,000,
Houston,
BEPBE8EKTED BT
OLYPHANT
SODA.
New
No. 11 Old SUp,
The Jobbing Trade
Co.,
York.
Alden Gay lord,
ONLY
York.
Supplied.
MANCHESTER
Locomotive
Works,
MANUFACTURERS OP
Locomotives and Amoskeag Steam
Fire Engines,
New York,
MANCHESTER, N. H.
LOUIS CITY dc COUNTY BONDS.
G. nBANS,
ARESTAS BLOOD, W.Treasurer,
AND ALL 0LA88ES OP
33 IVall
St.,
DXALXB IM
ST.
INVESTMENT A MISCELLANEOUS 8ECUP.ITIES
Beteia by permlulou to W. S. Mlchola
ft
Co,.
Baukera
Superintendent,
Manchester, N. B.
iO TVaier atreet,
Botto "
THE CHRONICLE.
IV
Financial.
Financial.
UNION TRUST
NEW
OF
CO.
YORK,
No. 73 Broadnray, Cor. Rector
CAPITAL,
-
-"T
•
St.
$1,000,000.
HAS SPECIAL FACILITIES FOR ACTING AS
Transfer Agent and
Registrar of Stocks.
Aatborlzed by law to act as Executor, Administrator, Quardian, Receiver, or Trustee, aad Is a
EiEGAIi
DEPOSITORY FOR
inONEIf.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
N. B.— Checks on this institution pass through the
EDWAUD KING, President.
M. McLean, Ist Vice-Pi-estdent.
Wm. Whitkwbight, 2d Vice Pt'estdenl.
Clearlng-House.
J.
EXECUTIVE COMMITTEE.
Samuel Willetb,
M. McLean,
ArorsTus Scuell,
E. B. Wesley,
J.
Wm. Whitewriqht,
Geo. Cabot Ward,
Theodobe Roosevelt.
G. B. Williams,
jr.
H. OGIEiVIE,
Secretary.
The Brooklyn Trust Co.
Cor. of MoDtagfue
&
Clinton
sts.,
Brooklyn, N. Y.
Company Ib authorized by special
charter to act
A8 receiver, truBtee, guardian, execuior or admlnU-
ThlB
trator.
It can act aB agent In the sale or management of real
estate, collect interest or {llvldenUs. receive registry
books, or inHkepurctiasfcanasaleof Govaid ether securities.
BeltgiouB and charitable institutions, and persons
unaccustomed to tne transaction of business, will tind
this Company a safe and convt-iiieut depository foT
money.
KiPl^EV Ut>PKS, President.
CHAS. K- MAKYIK, Vlce-Pres t,
Sdsab M. Ctjllbn. Counsel.
anc! transfer
ernn. ent
TiiUSTKES:
Henrv Baofcer,
Alex. McCne,
Chas.'K. Marvin, A. A. Low.
John P. K»lfe,
Thomas Sullivan, Aiim. B. Baylis, Henry K.S-heId(.n
M.E. Plerrepont, Dan'! Chauncey, John T. Martin,
Alex. M. White. Joslah O. Low. Ktpley Ropes.
Austin Corb'n. Kdtnund W. Corlles.
Wm. R. BUNKBR. Secretary
J. S.
Rockwell,
Delaware and Hudson
Mortgage
Canal Company
Seven Per Cent Bonds
First
CHAIUPAIGIV,
ROCHESTER *. STATE EIXE
RAILWAY COMPANY.
Line Railway runs from the
City of Rochester to Salamanca, in the State of New
York, a diitance of about 103 miles. It paesee
through the rich valleys of the Genesee and
Wyoming, a- d forms the connecting link between
the New York Central and the Atlantic & Great
Tlie Rochester dk State
it the shortest and most direct
route for all the Mew England business coming
from the Southwestern States. A pipe line for
transporting petroleum oil has been constructed
ILIi.,
OFFERS FOR SALE
RKAI^ ESTATK FIRST I?IORTGAGE
COUPON BONDS,
from the Bradford Oil Regions to Salamanca, and
upward of 65 cars < f oil per day pass over the
road. The company is under the same control as
the New York Central, and is already earning a
surplus over the interest on its bonded debt. The
City of Rochester invested a large amount in the
Champaign,
Rochester
road
passes through thirty towns between Rochester
The
local business is very large, as the
and Salamana, in which there arc eleven flouring
bonds are a flret mortgage lien, at the rate of $30,000
per mile, upon the road and its equipment. We
offer for sale a limited
All these loans are carefully made, after personal
inspection of the security, by members of the above
firms, who, living on the ground, know the actnal
value of lands and the character and responsibility of borrowers, and wliose experience in the business for the past SIXTEEN YEARS has enabled them
to give entire satisfaction to Investors.
Solid
Ten Per
WALSTON
SAVINGS BANKS EVEN, prove
CENTRAL ILLINOIS LOAN
unmoved amldHt the stonn. If you
wish Investments AliSOLUl'ELY SAFE IN ANY
The old
stands
CONTINGENCY, address, for circular—" Actuary of
KANSAS, MISSOUlil & CKNTiiAL ILLINOIS LOAN
AGENCx," Jacksonville, III.
tl OOO EACH; REGISTERED
BONDS OP $5,000 EACH.
UNION TRUST CO. OF N. Y., TRUSTEES.
THESE BOSDS ARE SECURED BY A FIRST
AND ONLY MORTGAGE ON ALL THE PROPERTY OF THE COMPANY IN THE ST.^TE OF
PENNSYLVANIA, INCLUDING THE CANAL,
RAILROADS. MINES, COAL AND OTHER
LANDS, ROYALTIES,
LEASES, CONTRACTS,
H. M. OLMSTED,
HE.\RY H. FARNAM and
TO LOAN ON APPROVED SECURITY' IN
lOW^A, NEBRASKA AND DAKOTA.
10 TO 12 Per Cent Guaranteed.
FOR SALE.
A Choice lot of Lands In different parts of the
"West. Also, Western Securities.
A Choice Invest.
ment. Address, for
full particulars,
D. H. TAI^BOT,
at
MORE THAN DOUBLE
mortgage of
One-half of this i-eue
them
offer
P. F. KEIiEHER &. CO.,
BANKERS AND BROKERS,
ST. I.OIJIS.
Beferences.—Messrs. Clark, Dodge & Co., Speyer &
Co., New York E. W. Clark & Co., Philadelphia.
29 Broadway.
CO.,
Comer Nassau and Cedar
WAITED:
OIilo
and
lfIoI>iie
Railroad Bonds
UNITED STATES TRUST
CO., Tecstee.
Taxes, imponed or to be imitosed.
Interest payable May 1 and Nov. I.
These bonds are a direct obligation of the Chicago
& Alton RR., and have a first lien over the Chicago
Kansas City & St. Louis RR.— 162 miles— In Missouri.
They are recommended as a safe and desirable Investment.
For sale at par and interest.
all
STREET.
1903.
JESUP, PATON
;
City of New^ Orleans Bonds.
liEVY & BOR<i,
86 WALL
No,
52
Fort
FIRST MORTGAGE SISKING FUND
SEYEN PER CENT BONDS
(Issue limited at S13,D00 per mile)
FOR SALE BY
Interest-paying Bonds of Southern Railroads.
Cairo & Fulton RK. Bonds, all Issues.
Kansas Pacific Railroad Bonds, all Issues.
WINSLOW, LANIER &
VOR SALE.
and New Brunswick
STOCKS
Corner Nassau
7 per ct. bonds, 1897.
UTLEV,
31 Pine
St.,
At Auction.
undersigned
REGULAR AUCTION
hold
SALES
of
all
classes of
STOCKS AND BONDS,
OH
WEDNESDAYS AND SATURDAYS.
ADRIAN
No. T
II.
mVLLER
PINE STREET,
NEW
&.
SON,
YORK.
NEW YORK.
.
Geo. H. Prentiss,
Room
30
83.
BROAD STREET.
OAS STOCKS
CITT RAILROAD STOCKS & BONDS
BOUGHT AND BOLD.
8M qootatlonB Of Cltj Ballroadi Id thlg paper
Brooklyn
CCMPANY, Tekasubee's
June
v., 1873.
Bonebt and Sold
Streets,
Office,
New
Yobk,
DIVIDEND
No. 44.
The Board of Directors have declared a Quarterly
Dividend of ONE AND ONE-HALF PER CENT upon
the Capital Stock of this Company, from the net earnings of the three months ending June 30, Instant,
payable at the office of the Treasurer on and after the
15th day of July next, to shareholders of record on
the 20th day of Jnne.
The transfer books will be closed at 3 o'clock on the
af ternron of the 20th Inst, and opened on the mornlns
of the 16th of July.
R. H.
ROCHESTER,
Treasurer.
FROiTI THE
-•- FIRST MORTGAGE BONDS OF THE HOUSTON
& TEXAS CENTRAL RAILWAY, due July 1st, will
'7'<IIE
GOLD COUPONS
beipald for the Company on presentation, leas rebate
of five per cent per annum, by
JOHN
J.
N. T.
CISCO & SON,
59
Wall
Stocks,
GAS STOCKS,
2X
Street.
Beers, Jr.,
Brooklyn
A SPECLALTT.
Secnrttle*
CO.,
and Cedar
NEW YORK.
ESTERN UNION TfLEGRAPB
N. Y.
BONDS
and
CO.,
Valley Railway
OF OHIO
* Nashville Rli. Stock.
Wayne Jack. & Saginaw KR. Bonds.
Jersey City
IVItt. R.
^k
WILLIAM STREET, NEW YORK.
Scioto
AY.iNTED.
Northern Pacific KR. Preferred stock and Bonds.
Oregon Steam Navigation Co. Stock.
Claims on .Jay Cooke & Co.
Texas Paclflc KK. Land Grant Coupon Bonds.
Jefferson. Madison & Ind. KK. 1st and 2d Mort. Bonds
Sandusky Mansfield & Newark HU. Bonds.
City, County and Town Bonds of Ohio, Iowa & Wis.
Sts.
CHICAGO & ALTON RAILROAD
Six Per Ct. Gold Sinking Fund Bonds,
Free of
Sontli Carolina Sc Louisiana
State Bonds;
Ne^v Orleans Jaclisoii Sc Ct. Nortliern,
CO.,
Corner Wall and Broad Sts.
Bonds due
Alabama,
Sc
we
a security of undoubted character.
Correspondence Solicited.
misslssippl Central,
for a por.
PAR AND ACCRUED INTEREST.
We recommend these bonds to investors desiring
;
H. L. Grant,
No. 146 BROADWAY,
reserved to provide for
AVINSLOW, LANIER &
The
fornlshed.
is
BOUGBT AND SOLD.
CHEW,
of this
for sale at
TEXAS LANDS AND tAND SCRIP FOB SALE.
Sioux City, Iowa.
Special attention given to Compr.imlslng, Funding,
Buying or Selling Missouri County, Township ancl
Municipal Defaulted Bonds.
Holders and dealers would consult their Interests bv
conferring with us. Reliable Information cheerfully
amount
tion of the remainder of this issue of bonds,
now
IJeference.— First National Bank, Sioux City, Iowa.
Bonds.
the
glO.OOO.OOO.
DREXEL, mORGAN &
General Land, Scrip and Warrant Broker,
Defaulted
GRANT
E. B.
were appointed a special committee to make a
thorough examination of the entire property and
condition of the company. This committee valued
the property pledged to secure this issue of bonds
STATE, RAILROAD, COUNTY AND
mUNICIPAIi BONDS,
J. C.
STOCK,
AT THE STOCKHOLDERS' MEETING IN 1877,
Messrs. JOHN V. L. PRUYN,
ADOLPHUS HAMILTON,
Loulkvlile
Wanted Money
ROLLING
&c.
Having negotiated with the company
BED.,
34 Pine Street.
Cent.
Bonds, Stocks,
AGENCy
at 90
DIVISION.
INTEREST,
;
the debentures ma'uring in 1894.
BROWN &
H.
OLB AND TRIED.
brittle reeds.
amount of these Bonds
per cent and accrued interest.
(fe
A
Th
mills besides various other manufactories.
1917
OF
will pass over this road to the city of
alone.
T
MARCH
AND SEPTEMBER; COUPON BONDS
Stock of the Company at par, in order to
secure a shorter line for a coal supply, and upward
of one hundred thousand tons of coal per annum
III.
BURN HAM it TULLEYS, Gotincll Bluffs, Iowa.
BURMIAM BEYER, Grlnnell, Iowa.
BURNHAM, ORMSBY dc CO., EmmetHhtirg, Iowa.
PENNSYLVANIA
PRINCIPAL DUE
Capitsil
In amounts of $1,000 and upwards, yielding EIGHT to
TEN per cent seml-aanual Interest, and negotiated
through the houses of
BURNHAM, TREVETT& MATTIS,
FIRST MORTGAGF, 4C-YE.4R,
PER CENT BONDS.
Western, making
Texas Bonds.
A. C. Burnhanij
[BBtabli8hed 1861.]
Financial.
op THE
.
.
XXVL
[Vol.
WALL 8TBKBT.
Dfiitaitt|aD
MERCHANTS' M40AZINB.
HLiNT'S
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES'
VOL.
SATURDAY, JUNE
26.
CONTENTS.
Trra
The International Monetary Congress
in
Englinh
News
Commercial
536
and
587
£89
certainty.
in
THE BANKERS' GAZETTE.
I
|
THE COMMERCIAL
COl
601
Brcadstuffs
607
I
I
TIMES.
Dry Goods
608
608
609
Imports and Exports
Prices Current
The Commercial and Financial Chronicle is
day morning, with
the latest news
up
to
issued on Saturmidnight of FHday.
TERMS OF SUBSCRIPTION-PAYABLE
IN
ADVANCE:
For One Year, (including postage
$10 20.
For Six Montlis
G 10.
Annual subscription in London (including postage)
£2 6s.
Sixmos.
(to
do
do
1 78.
Subscnplions will be continued until ordered stopped by rt written order, or
at the piMication offlct. The Publishers cannot be responsible for Remittances
snless mode by Drafts or Posc-Office Money Orders.
London Office.
The London office of the Chronicle is at No. 5 Austin Friars, Old Broad
Street, where subscriptions will be taken at the prices above named.
Advertisement*.
' Transient advertisements are published at 35
but when definite orders are given for live, or
made.
cents per line for each Insertion,
more, insertions, a liberal dis-
No promise
of continnoun publication in the best place can be
eiven, as all advertisers must have equal opportunities. Special Notfces in
Banking and Financial column 60 cen's per line, each insertion.
wnxuM B. SAHA, I
B.
00., Publishers,
JOHN o. FLOTD, jp. f
79 Sc 81 WUliam Street,
YORK.
count
is
WILLIAM
It is further believed that the
591
Quotations of Stocks and Bonds... 596
IT. S. Securities,
Railway Stocks, Gold Market,
597
| Ixical Secnrities
Foreign Exchange. N. Y. City
Investments, and State, City and
Banks, Boston Banks, etc
Corporation Finances
598
593|
Commercial Epitome
not easily
Mr. Evarts, therefore, has
good reason for considering the holding of a Congress a
Miscellaneouj
News
The Fifherlej Award Bill
586
The Government and the Sngar
Cotton
effect, is
driven from his purpose.
Trade
Money Market,
may
677.
Latest Monetary aud CommeFCial
Freight
Combination*
surprises as such a Congress
CBRONICU.
585
The Latest Failure
NO.
15, 1878.
DANA &
NEW
Post Office Box 4592.
Berne, as at
meeting will not be held
proposed, but probably in Paris, or
first
some other large centre of capital and industry. This
Monetary Conference, therefore, may be scarcely second
in importance to the Congress which has this week been
opened in Berlin. The interests involved in the one are
in
not superior to those involved in the other. The welfare of
communities, and even of nations, in these later days, is
as dependent upon correct views in the use of the instruments of commerce as upon the intrigues of the statesman or on the caprices of monarchs. And if in the one
Congress we have gathered together the august representatives of the greatest of the European Powers, in
the other we shall have the most learned in economic
science in consultation with regard to the basis of all
international exchanges.
But notwithstanding Mr. Evarts'
so generally received with favor,
invitations are being
we
are not over sanguine that the conclusion to the deliberations will be
acceptable to this country. The rehabilitation of depreciated silver
is
much
less
easy of accomplishment than
In spite, therefore, of
the rectification of boundaries.
wisdom, integrity and good intentions, it may be found
more than merely interchange opinions.
We certainly have no hope that it will establish anew
impossible to do
furnished at 60 cents;
neat file-cover
ty AVolumes
bound for subscribers at
postage on the same is 18
is
81 50.
EB*" For a complete set of the Cohuercial and Financial Chronicle—
Tiilv. 1*5.5. to date
or of Hunt's Merchants' Magazine, 18.39 to 1671, inquire
cents.
—
u the
ofllce.
E^ The Business
Financial Interests In
Department of the Chronicle is represented among
City by Mr. Fred. W. Jones.
New York
the old equivalent or the American equivalent for silver.
As we
It seems that we were right in our intimation last
week that the invitations sent out by Mr. Evarts for
the International Silver Congress would be generally
accepted.
A telegram was received in Washington this
week announcing that France and Italy had replied
favorably, and previously Russia, Holland and Greece
had given a similar answer. Austro-Hungary will also,
it is believed, send representatives. The English Cabinet
are reported to be divided in opinion as to the advisa.
bility of accepting.
There is a strong presumption,
however, that before the time and place are agreed upon
for the meeting, the consent of England to take part in
the proceedings will also have been obtained.
We have
it on what we think is good authority that the Earl of
lieaconsfield is likely to favor the Congress; and M'e
know that the British Premier, who is fond of just such
well
we
shall
enter the Congress at a
We have placed ourselves in the position
We are the inviting party. Our purpose
of suppliants.
is
THE INTERNA TIONAL MONETARY CONGRESS.
said last week,
disadvantage.
known.
It certainly
would have been much
bet-
—we should unquestionably have had a greater
of success —
wo had played our part more
ter for us
chance
if
and taken our place as the invited party. As it
we are on the wrong side, and our motives are liable
adroitly
is,
to be suspected.
And
some
yet
we
feel satisfied that this
practical good.
It is
Congress will effect
not possible but that bene-
flow from a free and full interchange of
an old saying that the face of a man sharpeneth that of his friend; and, brought face to face with
each other, freely giving expression to their peculiar
ficial results will
ideas.
It is
experiences, the financial experts of the
the financial experts of the Old
from each other.
ther than that,
basis
may be
use of the
This
New World
World may
itself will
and
learn
much
be a great gain.
Fur-
we have a hope
that
some acceptable
reached by the Conference for the general
two metals.
—
THE CHRONICLE.
586
THE LATEST FAILURE
IN'
FREIGHT COMBI-
is
NATIONS.
then arise
to discuss the details of the expired arrangement.
of this,
its
and
all
the
would be busy and satisfied;
compacts for putting them on an equality by
its
all
share, but this
is
as futile as to
make more of a thing by breaking it into a
greater number of parts; the share of each is less than
it
needs, and so
it at last
prefers to take
its
chances
in
That there is no real gain to
the producer or to the consumer is a fact which might be
better understood than it is ; on any large scale it is not
possible to profit by others' misfortunes, and although
there is a temporary advantage from low rates, the
injurious effects of fiuctuations and uncertainty outweigh
it.
And while railroading is business and not feeling,
railroad managers are human and are liable to be swayed
by indignation at the bad faith or the greediness of one
another, or by the desire to " get even with " some company or to demonstrate the possession of power. Influenced in ways like this, competition may become
cut-throat, business being done at a loss, out of an
trying for
It
share of tonnage to each
in the
were
try to
was not without precedent, having a general resemblance
to that of the Pennsylvania coal carriers and to that
made last October by the Eastern roads on west-bound
freight.
As Commissioner Fink was to that. Commissioner Guilford was to this; the idea of that compact,
was the idea
XXV L
not business enough to employ
apportioning to each
;
road,
is
carriers, for if there
In March last a compact for the pooling of tonnage
on east-bound freights was made by the Western railroads this having expired by limitation, a meeting of
the managers was, as our readers are aware, held in this
city during the past week for the purpose of continuing,
or of modifying it. It is unnecessary either to state or
to wit, an apportionment of
that there
[Vol.
arrangement were
included rates of freight which, as was hoped, might be
all it
can get.
In practice, the apportionment of tonnage
been carried out with tolerable faithfulness,
but the compact as to rates has notoriously not been
kept, " cutting " having frequently been reported. And unwillingness to yield or a determination to see who
now the task of apportioning the tonnage has been can stand hurts the longest. Any i-etaliatory action
unsuccessful and the managers, by their request, were is not only directly injurious to the roads engaged
discharged from further consideration of the subject. in it and indirectly to the general public, but is,
Under the circumstances, nothing remained but to whether the intention is to drive into bankruptcy
adjourn sine die, and the members dispersed, in a mood or not the roads at which it is aimed, a course really cal-
maintained.
has, perhaps,
—
of mii'gled disappointment, obstinacy and disgust.
culated to ultimately produce a result the opposite of
The difficulty with the committee who attempted to
arrange the tonnage was the difficulty with the roads.
The aggregate percentages of freight demanded, it is
said, exceeded 100, thus presenting an insuperable mathe-
what
with great force upon the
This is because a
competition as to rates between a solvent road and an
insolvent one is a very unequal contest, in which the
matical difficulty
and while each road professed to be disadvantages lie against the former. The solvent road
willing to have the compact renewed, it was unwilling works under rigid conditions, because it has its interest
to concede anything, so t'lat the arrangement failed on to meet, and therefore it cannot cut its receipts below
the very difficulty which nearly frustrated the present a fixed minimum without self-destruction; the insolvent
compact of the coal roads. Just what will follow now one, having got past interest-paying, has only its operremains to be seen. The compact of the Eastern roads ating expenses to look out for, and can afford to be
on west-bound freight, as patched up, about February 1 'indifferent about what rates it accepts; it is financially
last, by a simple agreement to submit everything to calloused, while its opponent is still sensitive.
bankMr. Fink as arbitrator, exists yet, but the pool on east- rupt road, therefore, as Erie has thoroughly shown, is
is
desired,
and
to re-act
apparently successful participant.
;
A
bound
rates
freight has broken,
may
Two
follow.
and a renewal of the war
conclusions are plain
:
in
one, that
the worst competitor and the worst
in a
compact.
member
to
manage
Obviously, the tendency of railroad war-
now broken wa? not satisfactory, for ring is to pull all the participants down to a common
was not kept, and some of the participators in it de- level of financial independence, to wit, of bankruptcy;
manded more than it allotted them the other, that very for it will be found true that in the long run it takes a
little value was set upon the compact, for the roads pre- receivership road to fight a receivership road.
Is not
ferred to do the best they can without trammel rather fighting, in the present condition of things, akin to
than concede anything for the sake of renewing the fighting while crossing a dangerous ford?
Nobody
We are not disposed to regret this, however any needs to be reminded that, aside from the disturbing
truce.
the arrangement
it
;
may be deprecated general effects of further bankruptcies among railroads^
and always must be the we have enough roads already in receiverships, and the
rule, in the carrying business as in all other, why not wiser policy' is to bear and forbear, live and let live si
admit it at once, and let everybody look out for himself well as possible, instead of indulging in a course,
on a fair field ? We are quite tired of following and intended or not to have that result, likely to push any
renewal of cut-throat competition
for inasmuch as competition
;
is
recording the movements of a railroad war, which is more roads over the financial edge.
always open to the suspicion of being at bottom a huge
stock-jobbing operation, which satisfies nobody, but is
an injury all round. There is no sincerity in the successive compacts
;
not only are they contrary to busi-
THE FISHERIES A WARD
BILL.
The questions of the Canadian fisheries and the award
adjudged by the Halifax Commission still continue tO
command the attention of Congress, and, indeed, of the
each road breaks them secretly, feeling country at large. The bill recommending that the
sure that if it does not the rest will all the same, and it requisite appropriation be made and placed in the
will thereby be the loser by playing a fair game while President's hands, to enable him to meet the obligation,
ness principles, but so totally wanting are good faith
and
trust, that
So an open war is followed by a was brought up in the Senate on Saturday last, and,
which are professedly but not really having undergone some unimportant modification, was
carried out, until the farce becomes too broad, and the read for the third time, and passed without a rollwar is renewed.
The bill, however, has yet to come before the
call.
have so often discussed the general subject that it House of Representatives; and there is some fear that,
may be briefly passed, Of course, the underlying trquble notwithstanding the larishness with which, for some
the others cheat.
truce, the terms of
We
JuNS
15,
THE (HRONICLE.
1878]
money
587
well as its jurisdiction, and saw no way of escape
from the obligation. These opinions, in spite of some
grudgingly made, if made at all. In explaining the determined opposition, have latterly prevailed in the
resiilution on Saturday, and in offering his amendment, Senate; and they are the opinions of the great mass of
Mr. Hamlin gave expression to a very general feeling, unprejudiced and right-thinking men in the community.
when he said tliat there was a possibility— indeed, a There is yet another reason on which it is impossible to
probability
that the bill would fail in the House of lay too much stress. By the Washington treaty and by
Representatives. We shall be glad if the result shall the Geneva Conference we set the world a noble example.
show that Mr. Hamliu has overstated the case. The We showed how great and perplexing international
Senate has honored itself by the ourse which it has questions could be settled without appealing to the
taken; and the House will do well to follow the example. sword.
If we refuse to abide by the decision of the
When we last called attention to this subject in these Halifax Commission, we shall be going back upon that
columns, we showed that the duty which devolved upon example. We shall be doing worse than even that we
us as a nation, in consequence of this a ard, was plain, shall be encouraging the sentiment that treaties are
and that there was no honorable way by which we could sacred only up to the point of convenience. For all
escape from the obligation. By every motive of honor, these and such like reasons we can see no honorable
by every high sense of duty, we are bound to comply course for the nation to follow but to pay the award
with the decision of the Commission, and to pay the within the time appointed. It is therefore the duty of
award. If the position in which we find ourselves is a the House of Representatives to place the requisite funds
It
false one, we cannot say it has been forced upou us.
at the disposal of the President.
We agreed to the terms of It is not contended that because we are in honor
is one of our own choosing.
the Treaty of Washington. Out of that treaty grew the bound to pay the award, we are, therefore, under obligaGeneva Conference, which, in the form of an award, tions to allow the treaty to run its course. If there is
gave us fifteen millions of dollars. Out of that treaty manifest injustice in the treaty arrangements, we ought
grew also the Halifax Commission. Article 2 of the not to rest contented until, in a proper and legitimate
Washington treaty provides that whatever sum of way, we have called the attention of the British Governmoney the Commission may award shall be paid by the ment to the matter. From the date of signa'ture the
United States Government, in a gross sum, within treaty was to be binding for twelve years. Seven years
twelve months after the award shall have been from the present time, unless it shall have been abolished
given.
The result of the deliberations of the Commis- or modified in'the interval, it will be necessary to reconsioners was announced on ihe 23d of November of last sider the whole treaty, and to determine whether or in
The sum agreed upon, as an equivalent for the what form it shall continue as binding upon both
year.
80-called privileges accorded to American fishermen in nations
and, as Mr. Evarts remarked in his communiCanadian waters, was five million five hundred thousand cation, if the feeling of dissatisfaction which already
The twelve months within which, according to exists on this side of the Atlantic is nourished during
dollars.
the Treaty of Washington, the money must be paid, that period, it may be found impossible, because of the
will expire on the 23d day of November of this year. It embittered state of public feeling, to maintain friendly
is, therefore, necessary, if we would abide by our oblirelations between the two countries.
Better, therefore,
gations, that the requisite appropriation be made before for both to have the whole question reconsidered at
the close of the present session of Congress.
once. The relations between this country and the New
It would not be dlfiicult to multiply reasons why the Dominion, in a commercial sense at least, are capable of
appropriation should be made at once and without being vastly improved. A properly constructed recipfurther comment. It is not to be forgotten that the rocity treaty would be a great advantage to both peoples.
Halifax Commission and the Geneva Arbitration Con- With regard to the conclusions arrived at by the Haliference both had their origin in the same treaty, and that fax Commission, we have no desire to pronounce a
they sprang from a common cause a desire on the part judgment.
We do say, however, that in the opinion of
of two great nations to put out of the way all outstanding many well qualified to judge, there is a disproportion
difliculties.
The Geneva Conference decided in our between the value of the privileges secured by the
favor, awarding us fifteen millions of dollars. The Halifax American fishermen and the value of the award, or the
Commission has decided against us to the extent of five money to be paid for them. Rightly or wrongly, this
We did not feeling prevails in the community generally. While,
million five hundred thousand dollars.
object to receive the larger sum.
We object to pay the therefore, we advise the prompt payment of the award,
Bmaller.
However just we may be in our complaint we would at the same time recommend the opening of
that the award far exceeds in value the privilege secured, negotiations between the two governments those of the
we shall, if the appropriation is withheld, be placed in United States and of Great Britain with a view to a
a false and undignified position before the world. This, reconsideration and readjustment of the terms of the
however, is not all. We have shown from the com- treaty. In fulfilling our obligations we are not bound to
mencement an apparent disposition to be unreasonable. be oblivious to our rights.
Improper motives were unjustly attributed to one
of the Commissioners; and charges
which have TJIi: GOVERNMENT AND THE SUGAR TRADE.
since been proved to be without foundation were made
The troubles growing out of the Customs duties,
against the mode and manner of his appointment.
Our recently referred to in these columns, of the Government
failure to fasten our misfortune on Mr. Delfosse ought and the glove trade, are not more chronic than those of
to be suflicient reason for our standing on our dignity the sugar trade.
The latter, however, are larger ia
now and abandoning all further petty objections. In volume, and differ from the former in that Government,
purposes,
this
particular
\a
bill
being voted, the appropriation which
advises and recommends, will be
as
—
—
;
—
—
his elaborate
communication which accompanied the and not the importers, seems to come
The sugar
President's address on the subject, Mr. Evarts, although
he was evidently of opinion that the treaty should be
reconsidered, admitted the competency of the tribunal,
*
—
off
second best.
moreover, although in all its details
unlike the glove case, is as well worth narrating as the
other was, as illustrating the extent to which unwise
case,
THE CHRONICLE.
588
rVoL. XXVI.
legislation multiplies
and intensifies the practical difficul- lently reporting the
weights of hogsheads at le^s than
* ties of collecting
Customs duties.
the truth. Another charge relates to the "
drawbacks "
As is generally known, only a small quantity of sugar allowed upon
sugar which has paid duty in the
raw
imported is pure enough to go at once into consumption,
state, and is afterwards re-exported
as refined.
Here,
but nearly all has first to undergo refining.
The again, is a varying rate, 3-18 cents per pound
on hard'
duties are If cents on sugar not above No.
" Dutch sugar, 2-48
on soft refined sugar above No. 20 Dutch
standard"; Nos, 8 to 10, 2 cents; 11 to 13,
2^ cents; 14 standard, and 2-8 cents on that below No.
20.
Evito 16, 2f cents; 17 to 20, Si cents; but, practically,
the dently there is the same temptation
to raise the reported
schedule goes no further than No. 13, which is the
lowest grade for re-export, as to lower it on the
original import.
grade fit for use unrefined, and is the highest imported.
The exports of refined sugar have increased, following
Of course, the question of grade thus becomes one of the
advance made in drawback rates— in March, 1875—
importance, and the practical difficulty of determining it
from 61,243,000 pounds in 1875 to 62,200,000 in
1876,
is made greater by the fact that,
on the sugar planta- and 85,400,000 in 1877, on about
five-sixths of this the
tions, the hogsheads stand open during the
process of highest rate of drawback having been
allowed but it is
packing, the upper layers all the time draining
into said that "dummy" barrels have
been found in outthe lower, so that each hogshead, when received here,
going cargoes on which a drawback for refined
sugar
contains two to four grades, the " head " calling for one
had been received, and that the sampler has opportunity
rate ef duty and the "foot" for another.
The just to play tricks on the refined as on the raw article.
Concourse is, therefore, to take a sample all through the
sequently the importers do not believe the
proportion
mass, and from that to determine the average grade.
just named is the honest one.
This is presumably the intent of the law, and ordinarily
There seems to be no reason for questioning the sub';
;
this is carried out, subject to the inevitable
difficulties of stantial parts of these allegations;
at least that relating to
getting the work performed at once competently and
the private dock and the special privilege. Why
such a
honestly, in case of sugar which goes into the
public privilege is granted and such an exception
made, in case
stores.
of one particular interest, is a matter which
certainly
between the sugar importers admits no satisfactory explanation.
Ordinarily, all
proper, whose business is to sell to the refiners, and
dutiable merchandise whatever passes first into the
cusa small number of refiners who do their own importtody of the Government on arrival, and no consideration
ing the former allege that a very different habit has
for the importer's convenience or for the need
he may
grown up with regard to these heavy importations. have of obtaining
his goods promptly is suffered to
Under a special privilege, cargoes imported by the few hurry the
Custom-House in its work of satisfying itself,
heaviest refiners, or bought " afloat" by them, go at once first
of all, what the duty is. How rigorously, harshly,
to their own private docks, which are close to the
and with even flagrant injustice, this Avork is perrefineries, meeting there only a sampler and
a weigh- formed is matter of notoriety; and if lots
of drymaster from the Custom House, and being removed from goods should
be sent at once to an importer's store, there
the scrutiny of all third parties. This course is per- meeting
only an appraiser, and should then go immemitted for the convenience of the refiner, and the cargo diately
into his stock, the transaction would be an unpreis supposed to remain intact until the sampler
has taken cedented one, and would cause great astonishment.
Yet
his sample of the average contents and has carried this
there is scarcely any sort of merchandise which could
not
to the appraiser, and the appraiser has determined there- afterwards
be traced out, re-examined, and re appraised,
from the grade and the duty. Obviously, the work of if such a course
were pursued, more easily than a cargo
the sampler becomes all-important. He can take his of sugar
can be after its identity is lost by being mixed
samples from the " foots," or he can accept any samples with other sugar
or being put into vats, the very vessels
furnished him for the purpose. Neither he nor the which
conta'ned it being destroyed. This exception to the
weigh-master is so well paid as to be put beyond the general rule that
the Government ascertains the duty to
power of temptation, and nothing could more power- its own satisfaction, taking
its own time for doing so
fully tempt them to act in the refiner's interest than
before releasing merchandise from its custody, is made
being thus stationed on the latter's premises where all the more striking
by comparison with the course with
nobody can see what is done. Furthermore, it is dis- glove importations recently,
when all cases whatever
tinctly charged that the taking of the sample, correctly were
held for alleged undervaluation during six weeks
or not, concludes the whole matter, that the cargoes have or so, regardless
of the loss to the owners by keeping
been "dumped" at once into the refineries, and the them out of sale, and
notwithstanding offers of adequate
hogsheads themselves steam-cleaned and broken up botds, until at the last
these offers were accepted, and
before the appraiser had had opportunity for doing his finally a large increase
of valuation and a penalty were
work; this would leave no evidence of the transaction, arbitrarily added. There can
be no creditable exjilanation
and it would be of little account whether any sample of these differences; nor is
there any reason which one
bad been taken at all, for the presumption is that the likes to accept why importations
of dry goods are treated
lowest grade would always be reported for duty.
with such suspicious harshness, while large importations
During the last three years the importers say that or raw sugar go directly into
private control and the
an honest collection of duties on our imports of sugar duties thereon are virtually put
under the same control.
would have brought the tfovernment $40,000,000 a year,
Such a course, whether intended for fraudulent ends
whereas the annual amount has averaged only about or not, must necessarily beget
fraud.
But a
conflict has arisen
;
The importers
three-fourths of that
proof of their allegations they
show that the average duty received is but a trifle
above If cents per pound (which is the lowest imposed),
;
in
have been laboring,
first,
to defeat the
Wood
and, next, to get the existing rates changed.
bill
tariff bill,
The
Wood
provided for the exclusive use of the polariscope
and that therefore three-fourths of the sugar must have test, which is generally condemned
as inaccurate, and is
been entered at the lowest grade. The weigh-master
pronounced by some experts an encouragement to fraud.
whose temptation through opportunity is similar to the What the importers want
is a change of rate to a
—
sampler's
is
said to connive, on his part, at fraudu-
simple specific charge of 2^ cents up to No. 16, and
Junk
THE CHRONIOLK
15, 1878.J
4^ cents on all above that; practically, this would be
but one single rate, and would thus put an end to
all possibility of frauds by sampling, because nothing
but the quantity would ordinarily need to be determined in order to determine the duty. Tests by color,
by the polariscope, and by sampling, with rates of duty
varying according to the grade, are clearly inferior in
and safety to a uniform rate on one or two
simplicity
classes,
based upon the average quality imported. At
respect to sugar the
present, the importers say that in
sampler
is
How-
virtually the Collector of this port.
may
ever this
revenue on sugar
be, the collection of
evi-
dently needs reforming, as the collection on most other
governing powers, will relax the hold they have obtained.
ay,— perhaps
the public discontent
not altogether unlocked
may show
itself In
Some
a manner
for.
Apart from the reduction in the Bank rate to 2^ per cent, the
only feature in the money market baa been an increase in the
demand for short loans, owing to a heavy Stock Exchange settlement. The complaints about the scarcity of mercantile paper are
very great, and we ran expect no improvement. As showing in
some degree how slack is our trade, it may be mentioned that
the importers of wool have decided not to hold any public salea
from Wednesday next to Tuesday week, inclusive. Wednesday
will be the " Derby Day " which is always observed as a holiday,
as Yorkshiremen and Frenchmen are great patronizers of the
turf.
Monday week, too, will be Whitmonday, and a Bank
holiday; but there are several intermediate days on which, were
a fairly active trade to exist, sales would be -held. It may be
thought possible that something political may transpire before
avtielos does.
|>\ n ctjirySCatumcvclitt ^notisTt |\ cxus
B4'rBS OF BXCKAIftjta AT I.ONDON AND ON LONDOll
Aa-XATBST DATES.
JIXUBANQK AT LONDON-
MAY
EXCHANGE ON LONDON.
81.
t:«s.
RATS.
short.
15.]2>tfaaoJ-2X
DATS.
the sales are resumed on the 11th of June, and that nearly a
week's recess may prove to be advantageous. Other branches of
business remain la the same stagnant state. The strike and
lock-out in the cotton trade continues, and there
which
business in
quotations for
I.ATB8T
OH—
o 80
BATB.
TIHB.
money
no branch of
The
is
now
are
is
not altogether wanting.
as follows
activity
Per cent. open-market rates
Per cent.
Bank rate
4 months' bank bills
2>^
1\®1^
Open-market rates:
6 months' bank bills
1^®2
SOandeodiys' bills
V^®,\%\ 4 and 6 months' trade bills. 2 <8,i)i
3 months' bills
l!S®l>i
The rates of interest allowed by the joint-stock banks and
l
|
Paris
Berlin
Hambnrg
Frankfort
....
Antwerp
Amsterdam.
(.
*•
Araftterdsm..
.
..
St.PeterebarK.
Vienna
Madrid
@30..'8
20.54
20.51
20.54
«hort
3 months.
•'
S.30 53
©20.58
».32H®a5..S7X
J18 ®1J.3
1S.4X®I8.'I7<
24 8-lBia24 5-16
12.1JX(a!2.I'i>i
.1
47)4
**
Cadiz
Lisbon
a47«
Naples
York....
Kio de Janeiio.
Pernambnco...
27.S0
New
BomDay
,
•*
Alexandria....
May
May
May:s8.
I».
1>.
I
short
25.14
80.42
20.42
20.12
25.n>tf
12.12
3moe.
short.
*'
"
I
discount houses for deposits are subjoined
Per
3 mos.
Joint-stooKbanks
Discount houses at call
Discount houses with notice
24 13-32
118.90
48.30
"
*'
31.
short
31.
27.
29.
SO.
29.
28.
28.
60 days.
90 days.
S\d.
B%d.
....
....
Apr.
Apr.
»ray
57.40
May
May
May
May 28.
"
6 mos.
'*
and.
1,
bank post
1878.
have been with-
bullion market,
possible that a return to 2 per cent
would
For some days past, the demand
for
purposes has been diminishing, the
Iiave
money
ii,
is
quite
been agreed
for
to.
mercantile
decrease in the total of
"other securities" having fallen off considerably, the total
held being not more than £19,070,370. At the same time,
trade is in so unsatisfactory a state that any Improvement in the
mercantile inquiry for money seems out of the qneslion: consequently, while, on the one hand, the renewed demand for gold
now
check the downward movement in the
quotations, the scarcity of bills, on the other hand, tends to
for export tends to
produce great ease. , Fortunately, the weather, which during the
greater part of last month was unpropitious, owing to a very
copious rainfall, has during tjie last two days become much
warmer and more settled. Should it continue favorable, there
will be an abundant yield of agricultural produce, and especially
of cattle-feeding stuffs. Bread will also be cheap; our importations of cereals of all kinds will cost us less, and the effect should
be to keep the money market easy, and to give some stimulus to
trade. The belief held by the greater part of the community
that there will be a Congress of the European Powers, and that
the deliberations of the delegates will lead to peace, may be too
sanguine; but if Austria is earnest in her intentions to protect her
own interests, and to enter upon a war, should they be tbreatened<
a paciHo result will, no doubt, be attained. Russia would clearly
be unable to contend against England, Austria and Turkey, and
t he Czar and his advisers may come to the conclusion that
the better part of valor. Unfortunately, perhaps
the Russian people may consider that their country will not gain
BufHcient for the sacrifices which have been made, and much
discretion
is
discontent will undoubtedly prevail.
The Congress
will,
Mule
and
twist, fair second quality,
1875.
1S74.
it is
hoped, however, endeavor to frame such a treaty as will settle
for a long time to come the vexing Eastern Question, and thus
conclude an enduring peace. Europe is sadly in want of a lasting
peace; the vast armies of the Continent are proving to be ruinous;
but thjre appears to be no hope that the military, who are the
1876.
£
£
Circulation— Including
drawn from the Bank during the week, the directors have decided
upon reducing their minimum quotation for money to 2J per cent,
and had it not been for the uncertainties which have again
arisen respecting the future of the
cotton, of No. 40's
previous years
WXd.
97%
3 mos.
jjold
Upland
the Bankers' Clearing House return, compared with the four
U. Hid.
IFrom oar own correspondent-l
London, Saturdav, June
Althongh about £120,000 in United States
the average quotation for English wheat, the price of Middling
4.84
iSd.
a3d.
u. svrf.
i».
St.
"
"
ct.
\}(
IjJ
IX
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
....
May
:
....
®a7.S5
Hong Kong...
Sbangbal
....
J8.
31.
May
60 days.
CalcntU
31.
31.
31.
31.
31.
31.
47^048
90 days. 51 13-16-51 15-16
8 months. 2T.80 ©27.85
Genoa
May
May
May
May
May
May
bills
1877.
1878.
£
£
£
28,049,556
7,755,817
21,626,040
13.588,075
21,976,309
2O.eO9,.504
28.210,318
6,523,808
22,141,497
14,575,661
17,077,551
19,032,728
2;,884,717
6,713,142
51,295,865
15,556,188
19,070,370
11,!49,.!03
10,376,198
11,816.2»
12.058,767
11.333,103
Coin and bullion in
both departments . 22,331,896
PropcTt'on of reserve
22,484,393
!7,6C0,672
23,009,187
23,451,882
26.423,512
Piiblfc deposits
8.047,544
Other deposits
17,487,6«4
Government securities. 18,901.108
Other securities
18,338.146
27,775.871
6,028,t)0fl
15,.361,904
Reserve of notes and
coin
.
.
to liabilities
40-06
51-S9
Bank-rate
«
Consols
English wheat,av. price
Mia. Upland cotton.
No. 40's mule twlBt,rair
3 p. c.
62i. 2d.
8«d.
.
2 p.
S)i p. c.
Jrt2H
41s. lOd.
7>id.
92K
3 p.
c.
c.
xi)4
quality
Is. li^d
Is. OJ^d.
Clearing House return. 129,634,000 114,046,(0)
PC
2H
97>i
453. 3d.
68s. 6d.
618. 2d.
6d.
5 ll-16d.
6 a-16d.
lid.
92,709,f00
9^d.
9Hd.
79,810,000
75,873,000
This week's Bank return is more satisfactory. The reserve
has been augmented by £598,485, and its proportion to the liabilities of the establishment has risen to rather more than 40 per
cent.
Gold continues in demand for export, and all importations
have been absorbed. £168,000 in sovereigns have been sent into
the Bank from foreign sources but £220,000 in American gold
coin and sovereigns have been withdrawn, chiefly for New York.
;
Silver is unaltered in value; but,
owing
to
more
liberal arrivals,
a larger business has been done. This week's steamer to the
East takes out £54,000 in bar silver to India and £47,000 to
China.
Mexican dollars have risen ^d.
£138,250 have been
shipped this week
to
China and the
The following
Straits.
prices of bullion are from Messrs. Pixley & Abell's
GOLD.
BarGold, fine
per oz. standard.
Bar Gold, refinable
per oz. standard.
bpanish Doubloons
per oz., nominal.
South American Doubloons
per oz.
United States Gfold Coin
peroz.
German gold coin
i>c
.
£7
Os. Od.
Annexed are the current
foreign markets
p. c.
6
4
••••
^74
Q
®
9
...
...
3X®
...
d.
a,
S3 5-16 ®..,
53 11-1^-
'
®
...
exchange at the principal
Bank Open
2
3)i
mork't.
c
1X®1X
rate,
iH
mark't.
c
3»04
p.
p.
Vienna and Trieste.
Madrid.Cadlzand Bar.
Berlin
4
8
Hamburg
4
iH
Frankfort
4
»«
Leipzig
4
8
Genoa
5
8
4
Calcatta.
8
Copenhagen
Brussels
d.
77 9>4
B.
®
:
rate,
Geneva,
d.
9
11^®
D'scount. 3 per cent.
rates of
Bank Open
Pjns
Amsterdam
s.
77
77
74
78
76
78
peroz
.
Quicksilver.
r oz.
SILVER.
per oz. standard, nearest.
peroz. standard, nearest.
per oz. nearest.
Bar Silver, fine :
Bar Silver. con'ngSgrs. Gold
Mexicxn Dollars
Five Franc Pieces
circular:
celona
Lisbon and Oporto.
8t. Petersburg
New York.
. .
4X®5
4>i®S
....
The supply of bullion held at the present time by the principal
THE CHRONICLE.
590
banks
abroad
follows :— Bank of France, £83,603,000;
Germany, £35,558,000 Austrian National
as
is
Bank
Imperial
of
Chicago Burl. & Quincy sinking fund bonds
& Hud. Can. 79
Detroit & Milwaukee Ist mortgage, 7s
Do
«d mortgage, Ss
Bank, £13,745,000; Netherlands Bank, £9,533,000; National
Bank of Belgium, £4,173 000; 22 Swiss Concordat Bank?.
£1,186,000; and New York Associated Banks, £3 968,000.
According to tbe Gazette returns for 28 days of May, the
imports of gold into the United Kingdom amounted to £1,820,119,
and the exports to £795,774. The imports of silver were £477,349, and the exports, .£500,804.
The stock of bullion at the Bank, which at the close of last
April was £22,763,583, is now £33,451,883, while the reserve has
increased from £10,050,547 to £11,338,103; "other seeuritie«" have
Tlie proportion of
declined from £30,338,068 to £19,070,870.
reserve to liabilities has increased during the month from 33o7
New York
at the
Bank
of
England on Wednesday
£400,000 in India Council Bills, £840,000 being allotted to
Calcutta and £60,000 to Bombay.
Tenders on Calcutta at Is 8fd.
received about 61 per cent and above in full. Tenders on Bom-
Monday, June
The
ury
— Tenders for bills at six months at £99
&
three months at £99 133. about 86 per cent;
no allotment below. This is equivalent to a discount rate of IJ
per cent for the six months' paper, and nearly If (£1 ISs.) per
bills.
The amount applied for was
The allotments were :— Bills at three months,
Russian Government
advancing in price;
and the value>» of most other classes of security have had an
upward tendency. In fact, tbe securities of several British railway companies have risen in value to an important extent, and
the markets still present a good appearance. In the market for
American Government and railroad securities there has been
considerable activity, and a further advance in prices has taken
Consols, Egyptian,
securities
have been
Turkish and
steadily, indeed, rapidly,
Annexed are the closing prices of Consols and the priucipal American securities, compared with those of last week
place.
Redm.
Console
United States.,
.138:
Do
U.S.
Do
Do
Do
5-aO
1867, 68
...1885
1887
1881
1904
fanded, 5s....
10-40,59....
funded, 4JfB, isBued at 103X
Do. 4perceiit
Loaislana Levee, 8s
Do
'.907
.875
68
MasBachnsetts 58
Do
Do
Do
5s
5s
6b
MasBachueetts 5e
Do
58
Virginia stock 53
Do
68
Do
New
funded 68
,aiO«
in8'4@109S4;
107ii:aiOt5i
109
alio
in5if@105J<
10l>i@10iJi
42
43
106
106
103
108
108
103
1905
S8
24
69
Western
let M., $1,000, 7s... 1902
2d mort., $1,000, 78.. 1902
1902
3d mort., $1,000
1st mort. Trustees' certiflcates
do
2d
do
3d
do
do
Atlantic Mississippi & Ohio, Con. mort., 78
1905
Committee of Bondholders' ctfs.. ...
do
Baltimore & Poiomac (Main Line) Ist mort, 68.1911
do
CTunnel) 1st mortgage, 68.
&
(guar, by Pennsylvania
No. CentRailway). 1911
Burl. Cedar Rapids
No. RR. of Iowa, Ist mort.
Central of New Jersey shares
Central of New Jersey, cons. mort.. 7s
1899
&
ex funded, coop, from April
to July 1, 1379, inclusive
I,
@
@
52
52
@108
"~
©110
©110
©110
©110
©
©
S8
61
© 80
© 13
29 © 31
12 © 11
6
25 © SO
25 @ SD
85 @ 87
87 © 89
66 © 68
26>4® -ny,
82 © 81
23
11
5«@ 6H
1817,
Central Pacific of California, Ist mort., 6s
1896
Do Callfor.A Oregon Dlv.lst mort.gld.bdB,6s.l892
Do Land grant bonds
1890
May
69
©71
liWH©110Ji
94
92
© 96
® 94
I
&
&
Do.
Phil.
Phil.
&
105 @106
ios=^aiii9)i-
107it@1075i
42
17
26
26
107
107
105
87
26
108
.
87'
72
110
103
35
42
42
106
106
103
108
lO'i
108
28
24
59
©108
©110
©110
©110
©110
©
©
©
32
28
61
Erie Ist mort. (guar, by Pei,n.RR.)6s..l881
witti option to be paid in Phil., 68 ...
Erie gen. mort.(guur. by Penn. RR.)63.1920
1911
Reading general consol. mort. 68
© 31
©M
6«
® 32
12 @ 14
© 7
® 27
© 27
© 85
85 © S7
66 © 68
2:>i® 23X
81 © 83
69 ® 71
109 ©110
94 ® 96
.:
5K,a
"
93
©95
96
14
101
105
118
©09
(§111
....
47
© 40
© 32
80>i
©105
—
-
a
15
©107
©110
94>ia 95>i
9T!4
© 46
@ iO
© 30
@
40
17
26
26
117
108
.30
©109
§109
©107
@
©
©
©
@
104
imp.mort.,63
101
8'1
99
87
61
78
1897
X
!aifl6
©
....© ....
92
90
....
®
89
76
72
110
©105
103
83
© 87
© 96
93
a
76
©112
©105
©
©
85
95
...©
...
6J'/,@
61«
82
38
93
lll7
99
© 67
© 42
©100
©109
©101
....©
....
10!
©104
92
105
107
©107
88
©
94
© 90
© 88
©109
a 30
®!09
lU'^ailSJ*
86
lo:
20
US
96X© r,x
...
©102
m
© 91
©101
© S)
& 63
@ 30
(mi02
91
87
100
85
68
76
©98
95
93
91
©111
_
©110
108
®
©109
©108
9)>i
30
107;.;@106V4
'6
&ni
96
91
•
© 42
© 20
@ 30
© 30
89^ a
f9
30
©109
100
gen. mort., 1874, 6's
cup
Scrip fur the 6 deferred
Pittsburgh & Connellsville Con. Mort. Scrip,
guar, by Baltimore & Ohio RR. Co., 6s
South & North Alabama bonds, 68
St. Louis Tunnel Ist mort. (guar, by the Illinois
1888
& St. Loul3 Bridge Co.) 98
.1896
Union Pacific Railway, Omaha Bridge, 8s.
United New Jersey Railway and Canal, 6s .. .1894
1901
do.
do.
6s
do.
Do.
&101
©101
a 89
® 87
© 60
© :8
© 97
© 9J
©102
..
109
107
103
©110
©109
107
103
©no
the highest and lowest prices of American
this year, and for the whole of 1877
The following were
securities in
May
:
Al'eghany Valley, guar, by Penn. C nt. sterling..
AUantic & Great VVestern Ist mort
Do.
2d mort
Baltimore & Ohio, 190!, sterling
.
1910, sterling
Dii.
& Pot (m. line) 1st g. bds, gu. Pen, & N.
Baltimore & Potomac Tunnel gold bonds
Bait.
Cen.
Central Pacific of Caliiornia, Ist mort
Central of New Jersey consol. mort., 18S9
Chicago & Alton sterling consol. mort
Erie Riilway sterling bonds, 1875
Conso idated mort. bonds. 1920
Do.
Do.
19
lO.i
@:C6
©
mo&x
© 62
@ 62
©105
1913
68
:03>i@109X
1C5
©
29Xa
81>f
©97
93!4a
94
Do.
Do.
Da.
..©
35
30
©-32
@
©
®
Phil.
64iS^
99
12iX@!22K
107 ©109
©40
1902
93
93
L.-u:3ville& Nashville, 68
1901 10.! ©105
Memphis & Ohio Ist mort. 78
1902 108 ©110
Milwaukee & St. Paul, 1st mort. 78
New York & Canada K'way, guar, by the Dela91
1304
89
ware & Hudson Canal, Os
N. Y. Central & Hudson River mort. bds., 6a. .1903 114>4@I16)i
86
36
19G4
Northern Central Railway consol. mort., 6s
1897 106 ©118
Panama general mortgage, 78
20
.30
1892
Paris & Decatur
1910 109 ©110
Pennsylvania general mort. 68
97>,-5>98>^
consol. sink'g fund mort. 68. .. .1905
Do.
Perkiomen con. mort. (June '73) guar, by Phil.
&Reading,
©
.
ISX© 16X
101
107
1(9
.
35.
96H@ 96X
in!.>s;@I 10'^
105
18S8
1894
1900
1889
1891
1883
Do
Do
Do
Do
Do
Do
1.
AHEKICAH DOLLAB BONDS AND 8HABK8.
Susquehanna cons. mort. 78, No8.501
inclusive, guar, by Del. c&Hud.Canal.. 1906
93 ©100
&
to 1,500,
Atlantic & Sreat
Albany
June
97j^©9rji
103
ae
84
ai05
45
@li3
©111
'M©
3
...
©
©
certain provincial liabilities.
©
f3X©
a
which are secured on the general revenues of the colony, are
issued for public works and immigration purposes, the redemption of £1,000,000 short-dated debentures, and the discharge of
Bl
103
97
BONDS.
&
.
32
80
@
nest for a New Zealand Government five
ture loan to the amount of £3,500,000.
The issue price is £100
per cent, interest commencing June 16th. The debentures,
ment.
@
1892
1874
&
45
45
© 18
© 17
© 32
© 35
© 34
16
16
.©....
1894
Do. 2d consol. mort. 78
Do. reconstruction trustees' certificates, 78
*''9Hi® 64>tf
.S5
1900
80
Illinois & St. Louis Bridge Ist mort., 7s
do.
2d mort., 78
3
Do.
99
©101
.....1903
Central,
sinking
fund,
53
Illinois
1895 103 ©no
68
Do.
1905
99
97
Do.
.58
...
1891
Illinois Missouri & Texas Ist mortgage
'iw ©lOi
Lehigh Valley consol. mort., 6s, "A"
on Monday
per cent 10-40 deben-
the Stock Exchange, speculation during the week has been
active, and prices have experienced a further decided improve-
&
coupons
E igland
On
©47
&
cent for the three months'
£1,147,000; do. at six months, £695,000.
Tenders will be received at the Bank of
45
Vii
109
35
30
&
Is. 8d. in full; do. at
£10,419,000.
©99
Gt. W. Re-organization 7s
do.
leased lines rental truit, 78.11102
do.
1873,78.1903
do.
Western exten., 8s
1876
Do.
do.
Do.
do.
do. 7s, guar, by Erie R'y.
1895
Baltimoie
Ohio, 6s
190S
Do
6s
1910
Do.
68
6s, 1377
1937
Do.
1909
Cairo
Viucennos, 78
.1903
Alton sterling consol. mort, iis.
Chicago
Chicago &, Paducah Ist mort. gold bonds, 78... 1908
Ind. con. mort. ..1913
Cleveland, Columbus, Cin.
190fi
Kastern Railway of Massachusetts, 6s
1875
Erie convertible bonds, 68
193(J
Do. Ist cons, mort., 78
Da. ex recona. trustees' ceriflcates of 6 c lup
Do. with reconstruction trustees' certificates of 6
result of the tenders for the issue of £1,843,000 in Treas:
97
Do
24.
Bills is as follows
1^81
1^86
®I03
Do.
notes, bearing interest at the rate of 4^ per cent per annum.
Tenders for the whole, or part, will be received In Calcutta until
95
62*4
3!
85
101
Central $100 shares
certs, (a), 78
Atlantic
©
©
@..,
61^@
&
AHCmCAN STBRLINO
25.
©101
13X@ 13K
i-i
.Allegheny Vallev, guar, by Pcnn. R'y Co
.1910
Atlantic & Gt. Western consol. mort., Bischofif.
were entertained in full.
The Indian Government, according to an advertisement dated
Simla, May 37, propose to borrow £3,500,000 on promis.sory
at Is. 8|d.
@
93
99
35
35
@ ;5
HX@ loM'
19 @ iO
18 @ 19
@ 31
34 (^.36
33 @ 35
bonds (guar, by Pennsylvania i{. K. Co.), 8s
Union Pacific Land Grant 1st mort, 7s
1889
Onion Pacific Railwav, Ist morti;age,6'8
1898
for
bay
©45
Pennsylvania, $50 shares ...„
Do.
Ist mort., 68
1880
Do.
con^ol. sinK'g fund mort. 6s
1905
Philadelpliia & Reading $50 sliares
Pittsburg Fort Wayne & Chicago equipment
total of £363,719,000, against £359,399,000 last year.
Tenders were received
35
3n
Oregon & California, let mort., 7s
1890
Frankfort <-'ommit'e Receipts, X coup.
do
month (38 days) give a
for the
@IOJ
.1876
&
&
lOO
1875
May
1.
@ 05
9.3
Brie $100 shares
Do reconstruction trustees' asBcssru't, $5 paid..
Do
do
do
$4 paid...
Do preference. 78..
Do recoostruciiou trustees' assessm't, $3 paid...
Do
do
$2 paid...
Do convertible gold honds. 7s
1904
Do reconstruc'ion trustees' certJIicates, 78
Qalveston & Ilarriaburg, 1st mortgage, 68
1911
Illinois Central, $100 shares
..
Do
Bonds. Ist mort Chic.
Springf..
Lehigh Vallev, consolidated mortgage, 68
Vi'ii
Marietta
Cincinnati Railway, 78
1891
Sliasouri Kansas
Texas, Ist mort., guar, gold
bonds, English, 7b
19C4
New York Central Hudson River mortg. bonds.
to 40 06 per cent.
The Clearing-House returns
June
fiedm.
"
Del.
;
XXVL
Vol.
Second
do.
do.
During
187
May.
High. Low. High. Low.
loix
9714
S6X
91H108
S4><
12
10414
lO'i
[03H
30;^
UH
85J4
87
110
83«_
...
7«
109"4
101^4
1891....
15X
$10 paid
as%
Preference, $100 paid
86 Ji
Illinois Centra, $10) p. id
83
I llnots & St. Louis Bridge Ist mort., 1900, Bteriing.
104
Lehigh Valley, consol. mort "A." sterling
107
Memphis & Ohio let mort., IsOl, sierling
New York & Can., guar, by Del. & Hud Canal.ster. 9)
115
New York Central Hudson River, sterling
Mort. Dotds... iHK
do.
Do.
30Ji
Pennsylvania $50 shares
Consol. bonds sinking fund, sterling. 98
Do.
&
General
9IX
10734
1
Do.
109
-nort., latO, sterling
& Erie, 1st ra. '81, guar, by Penn. RR., Bter., lOOV
Bter..
90>,
General mort.,
do.
Do.
16>i
Philadelphia & Reading *60 thai'cs
Gen'l consol. mort., Bter. .. lUS
Do.
Improvement do. do
87X
Do.
do. '74 do.... 61V
General
Do.
96 Ji
Pittsh. & ConnellsT. C. Mort. gn. by B. & O do.
lesx
United New Jersey E'y and Canal, sterling
Phila.
. .
94
85
111
104X
17
8
103
102
n%
108
7.!i
lOfX
Erie shares,
Do.
81/,
2««
ni)i
iiiH
82V
ma
92
72
833(
!>H
14
14-4
25 J<
12IX
23
9lJi
79X
40Y
97 ><
92
101
106
99V4
114
97
88
104
llOV
47X
25>(f
103H
9)ii
102J<
84«
13X
99«
9(V
!9.Vf
10 :%
91
51X
68«
S'5>i;
102%
iinx
91M
lilX
101
106!/,
82
75«
50
12
114
H
60
lOlJi
62!4
i9%
77X
81X
lOlX
ma
89
81X
S
101
111.
87«
96X
95
62
lox
86^
61
57
91
103
JoNB
THE CHRONICLE.
15, 1878.J
of the past w ek has been
seems now to be admitteJ that our wheat crop
cannot bo a large OQO. Even were the preeeat and succeeding
months to be very piopitious, thera will not be the abundant
It
yield of wheat which the country anticipated bix weeks ago.
The WBatlier during the greater part
unsettled, and
is
a
V\io uily olo<ila,.'i|aoiationsinth« markeliof Loadon
pool (or the past week have been reported by enble.
M
it
well-known
requires but
fact that the wlieat plant,
whea once we
Liondon
jonso'B for money.. 96 15-16
"
accoant.. 96 1-16
J.a.h»(5-10«) 1867....10»,«i
ID9K
J. S. I0-40S
once more
is
to
prove true.
It is
it is
well
known
la
Bank
bullion in the
Wea.
Toe*.
Thof.
of
J-
mfi
-S
3
a
11
5«ofl881
io:>i
Now4«8
105«
109
15
mn
lOHH
WJS
K9X
«
7-l«
9-:»
95
<ti%
1C9X
9X
Fil
95 9-16
95 ll-lt 95 9-lS
95 18-16 95 i: -16
\mx
I07j«
101
lOSif
lOiW
105K
—
Liverpool Bread»tufis Market.
Mon.
Sat.
not to
floar (extra 3 lato)
S^bl
W^taoaKR. W. spring). «ctl
"
iRedwln(er)...
'
(Av. fal. white).. "
"
(C. White club)... "
.•orn(new W. mix.) ^ qaar.
r'cas (Canadian) « uaarter.
•
be inferred from this that because the crops of grasses and of
roots are likely to be very abnndant that the yield of cereals
must necessarily be very bad; but
— The
107«
105X
Liverpool (Jotttn Hnrkit.—A«t, special report of cotton.
has often been remarked that an abuuJunt yield of cereals and of
What is
grasses and roots is seldom harvested in one scas.Tn.
good for one is unfavorable to the other, and tl^e present reason
indicates tbat the saying
SfitrkH.
MOD.
Bat
I-rooted,
has
of rain
thowD
England has increased .t48S,009 during the week.
been
summer months; but this peason the
copious, tilt) night temperature has on many occasious been low,
and the complaint is that the wheat plant will produce much
straw, and a corresponding decrease in the quantity of grain. It
fall
summary:
Money nnd Mock
»nd Liver-
the following
additional moisture during late spring and the
little
591
that our finest
.
s. d.
«6
8 10
ID 10
10 5
10 8
3
35
d.
d.
26
8 II
10 10
!0 5
10 8
23 »
35
8.
;!«
A
8 11
10 10
10 5
<0 8
.§
3
M
*=".
2.1
3
35
:
Liverpool Provitiona Market.
crops of cereals have been raised in seasons of unusual dryness— as
a.
:
«
Wed
Taes.
d
s.
—
Thor
-
Fn.
d.
26
e 11
S.
10 10
10 5
10 8
10
10
10
93
35
22
35
s.
d.
25 «
8 ID
3
8
3
«
6
Tbnr
Tnea.
Wed.
rn.
r. d.
a. d.
«. <t
B. d.
8. d.
!.
d.
There iJeef (prime raees) tl tc. .. "
77 6
75
;7 6
77
^
42 6
43 6
42 6
42 6
may, nevertheless, be seasons of fair average abundance as Pork (W't. me88)....S bbl 42 6
a
2
27 «
26 9
86 9
86 «
Bacon (I'g cl. m.)... # cwl is 6
regards cereals, and, at the same time, of more than an average Lard (American) ... "
o
35 N
35 6
35
26
35 6
a
43
48
48
4s
Vi
Cheese
(Am.
fine) new "
possibly
presen'
season
may
grasses.
The
abundance of roots and
Liverpool Produce Market.
bring about such a result, but of course everything depends
Wed.
Tanr
Fr-.
Mon.
Tnea.
Sat.
upon the wea'.ber. At one period this week, there was reason to
s. d.
B. d.
8. d.
8. d.
8. d.
». d.
4 9
4 »
t
9
4
9
ao»lii(Commonj...
^cwt..
4
9
believe that we had at length entered upon real summer weather;
" (fine)
10
10
"
10
10
10
>,
9ii
butpuch a belief has since been slinken. In spite, however, of Petroleaifl(reflned). V la!
»«
9X
93f
9H .g
'^
7
7
7
7
«
;«plrlte)
the doubts which are entertained regarding the weather, the Tallow(primeClty)..» cwt. -37 6
37 B
S7 3
37 6
37 3
S
^3
".
2:3
6
S3 6
38 6
" 83 6
trade (or wheat has been dull, and holders have been compelled Sotrlts tarpentlne
40
40
40
40
40
Cloverseed (Amcr. red)
The decline quoted
to submit to a further reduction in prices.
[jOndon Produce and Oil Markets.—
to
per quarter; and ss there is a large supis
Is.
28.
Frl.
Thnr.
Toes.
Wed.
Mon.
Sat.
£ s. a. £. 8. d. £ e. d. e s. d. S 8. d. £ 8. d.
quarters,
which is
ply of wheat afloat, viz.,
1,260,000
9
9
9
9
Uns'dc'ketobl).^ tr. 9
49
49
in etcess of the corresponding period of last year, buyers are
48
45
Unseed (Cal.) $ quar. 48
>,
5
reinctant to purchase in excess of their actual requirements. If iagar(No.l9D'cbstd)
23 8
23 6
23 6
23 6
23 6
3
on spot, W cwt
69
69
69
U 61
B
Stun.. 69
with unsettled weather in this country and in other parts of Sperm oil
"
,35
35
5
35
" .:S
Whale oil
Europe the tendency of prices is downwards, and in a distinct Linseed oil
•26 10
27
27
2S 10
% ton .26 5
degree, it is obvious that fine weather would bring about a fall
in
1808 and 1870
—and when
the pastures were dried u
Mon.
8at.
.
—
.
:
. . .
*
:
:
'.
of considerable importance.
On
the Continent, the trade for cereal produca has continued
Commcvctiil and 2>XisccUitneo\vs Jtcurs.
—
iMPtBTS AND Exports for van Wkbk. The imDorts last
week showed an increase in dry goods and a decrease in general
The total imports were <4,69o,355, against
merchandise.
^5,517,300 the preceding week and f 4,260,532 two weeks previous.
The exports for the week ended June 11 amounted to
16,677,743, against *5,139,5.53 Inst week and 16,665,896 the preIn the more northern districts of the Continent the harvest is vious week. The following are the imports at New York tor
week endinir (tor dry goods) June 6 and for the week ending
being delayed by unpropilious weather.
(for general merchandise) June 7:
During the week ended May 25, the sales of home-grown wheat
rOBBIeN IMPORTS AT NBW YORK FOR THB WBRK.
in the 150 principal markets of England and Wales amounted to
187B.
1877.
1878.
1875.
$i,2o5,2?0
t8il,9l4
*853,108
$811,394
Orygoods
35,55-t quarters, against 29,573 quarters last year; and
it
is
5,721864
3,817,8«
5,001,5*5
5,088,058
Qeneral merchandise...
computed that they were in the whole kingd )m 142,300 quarters,
in prices has taken place.
The sup
produce offering in France and Germany have been
very moderate, but the pressure shown to sell on the part of the
United States and Russia has exercised considerable influence,
and has necessitated a very cautious policy on the part of buyers.
dull,
and a further decline
plies of native
against 120,000 quarters.
Since harvest the deliveries in the
Total for the week.
Previously reported. ..
t6, 586.815
1.^8,841,895
137,365,n3
$6,5i9.778
141,951,101
14,695.355
l*J.500,Oi9
|16J,IS3,T10
t'.43.272.G63
iHS,131,l7)
$137,195,334
.
principal markets
quartert; while
have been 1,626,098 quarters, against 1,742,021
estimated that they have been in the who!e
Kingdom
0,506,800 quiitrrs, against 6,9J8,000 quarters in the
corresponding period of 1876-7. Without reckoning the supplies
furnished ei-granary, it is estimated that the following quantities of
wheat and
SlnceJan.
is
it
flour
have been plac.d upon the British markets
1
In our report of the dry goods trade will be found the imports
one week later.
is a statement of the exports (excluMve of specie)
from the port of New York to foreign ports lor the week ending
of
dry goods
for
The following
June
11-
EXPORTS FROM
wince harvest:
Imports of wheat
Imports of floar
Sales or
18:6-7.
1875-6.
cwt.
.42,Mg,n)3
cwt.
29,4S9,164
cwt.
3!I,SV,U2
1874-6
cwt.
39,i03,193
6.4i9,2)»
bume-growQ produce
Total
.
Bxporte of wbeat and flour.
5,03'),67)
30,195,01)0
4,8*1.434
5.M5.157
30,J2ti,000
40,413,500
.76,6i5,JI6
1,435,419
61,7C0.8;i9
70,011.676
74,891 830
4
451.666
235,163
T5,-J19,877
63,«5r,2o5
61a. 4d.
74,562,010
45s. 5d.
"4,656,257
43a. 81.
14,197^ W)
.
Result
Aver, price of Enjr.
18T7-8.
..
wheat for season
The following
figures
show
5 ;6. 3d.
74.3,5;
the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.
from the 1st of September to the close of last week, compared
with the corresponding period in the three previous years:
UfPOBTS.
Wneal
Barley
Oata
Peas
Bean?
1877-3.
ewt.4«,009,l]»i
10,457,241
8,«30,B58
1876-7.
39.489,161
10,714,874
7,517,165
],8-»,8;;3
990.ii55
2,',0'<,08-l
8,411,718
21.731,807
S,0Sl,b75
ladiaDCom
38,891.636
6,49J,vt4
Plonr
v^'tieai
cwi.
B-irley
Oats
Peas
Beans
Indian Corn
Ploar
..
I,3fti,li8
41,880
67,741
17,!8»
17.171
185,:r6
55,801
707.393
44.215
81,450
31,658
25.12i
o8J,9:4
3^,r.9
1875-8.
39,897.342
7,00.5,177
1874-5.
ao.jiis.ig)
I0,9Bil,8S4
8,09.V^81
1,111,891
6,1.'j9,459
1.71)1.118
2,012.0
l,290.';i96
1'J
17.64.'i,ai4
ll,i6l,01<j
4,891,134
5,245,151
431,420
!79,S25
31,861
281,051
80,031
181.85
7.70!"
!,BJ7
$5,307,450
f5.5ri,.3n
101,968,991
112,9)1,134
18^8.
»6.6J7,71S
146,507,518
«105.16i,505
»10r,5l3.:Mi
tltS,975,091
|163,l85,-26«
Portheweck
Previously reported....
Since Jan.
1
NBW YORK FOB THB WBBK.
1875.
15,593, ;09
99,510,390
18T7.
187,1.
$'i,oa3.9:.7
The following will show the exports of specie from the port of
Sew York for the week ending June 8, 1878, and also a comparison of the total
totals for several
sin-ie
Jan.
1,
1878, with the corresponding
previous years
Jnne5—Str. City of Houston .... Ilavana
Hamilton
Jnne 6— St'. Canlma
Soathampt«n
Jnne 8— Str. Oaer
.Tnno
8— Bark Rocket
Span, gold coin...
For'n gold coin ..
$-1,840
96«
JUner. silver coin.
5,C00
40,1(0
27,000
8.000
Amor,
silver bars.
For'n silver coin..
Am r. gold coin
Lagnsyra..
.
Total Bince Jan.
1.
1878 (|:<,1I8.3!8 silver,
117.331.918
15 608.131
40.187.Ho
25.648,160
81.891.4J8
33,653.680
1877
1876
1815
1874
1878
1973
and
$!,n3;,381 gold)..
Same time
Same time In—
1871
$S,U9,67»
The imports of specie at this port durini; the same periods have
been as follows
Amer. silver.
$^980
Aaplbwall
Jane 8-Str. Crescent City
Silver bar*
Gold burs
4385
.
15.182.941
14,048,830
48.10e,«OT
S».878,li4
43,181,218
1870
1889
1868
1887
1868
Amer. KoH
45,738
$159,606
7,990,018
$87,308,910
11, 43b
!8,2i6
.
In-
5).7i.5
3.5,418
.
Total for the week (873,000 silver, and $87,606 gold)...
Prevloaaly reported ($3,04'i,3l8 silver, and $4,943,735 gold)
Qnlddost
Jnno
K—Brig Alclra
PaertoCabello... Amer. gold
4,000
t,!00
740
«,1(0
1,200
THE CHRONICLE.
592
Janee— Schr.
G. T. LiUlefleld...Na88aQ
June ?— Brig Manuel Ferrer
June 8~Str. AUsa
...Amer. sliver
Lagaavra
.BaranquUla..
Junes— Str. Germanic
.
.
Liverpool
son
SOO
.
Amer. gold..
Amer. silver..
Amer. gold..
Gold dust
Amer. gold..
1,600
1,105
7,380
484,217
Total for the weeb (tIO,S80 silver, and $500,94-2 gold)
PrevlouBly reported ($7,901,160 silver, and $3,683,-37a gold)
Total since Tan.
1,
1878 ($7,912,010 silver,
Same time In—
!8T!
1876
1875
1874
1873
1872
81,389,211 gold)... 1 12,301,251
$6,956,915
1871
1,812,173
1870
18«9
1868
1667
2,330,791
2,591, Sll
713,327
traneactionB for the
as follows:
week
$3,16.5,2-21
7.016,2-20
8.904,110
3,754,046
1,554,989
at the
Sub-Treasury have been
-Receipts
Coin.
Currency.
$755,786 21 $1,949,9M 83
,
Customs.
Jane
$109,000
8
853,000
166,000
sra.ooo
224,000
£69,000
10..
11..
18..
13..
14..
293,518 31
3ia,4Sl -34
400,884 73
1,779,787
3,786,819
358,228
536,355
15
00
96
49
870,468 01
38-2,21 a 86
273,017 69
^Payments.
,
XXVI,
entitled to recover $593,637 as one-half of the compensadue from the Government for services rendered.
A
judgment is rendered in favor of the Government for the difference, amounting to $774,089. It will be remembered that the
main point at issue in this suit was the question as to the date
when the road was completed and the charge of 5 per cent on the
is
tion
net earnings
Wabash.
commenced
|
to run.
— The argumentH
on the motion for the sppointment
were made in Chicago this week. Mr. C. W,
Hassler and others appeared for the bondholders, who are
complainants, and Judge Green of New York and General Swayne
for the company.
i
of a receiver
Same time in—
8,487,3.32
The
and
1511,823
11,-89,434
pany
[Vol.
Coin.
Currency.
$153,374 98
•207,449 35
124,149 09
836,390 84
245,058 19
83,758 73
1454,372 60
1,924,441 22
3,35<),879
20
46
662,336 45
375,240 37
5.93,3 -5
'
'
Western Union Telegrapli.— The report just issued for the
quarter ending June 30, 1878, gives the following: In the
report presented by the Executive Committee at the last quarterly
meeting of the board, held March 13, 1878, the net profits for the
quarter ending March 31 (February being partially and March
wholly estimated), were stated at $713,475. The official returns
for the quarter (ending MarcU 31) showed the profits to be
$791,514, or $79,039 more than tlie estimate. The following
revised statement, based upon complete returns, will show the
condition of the company at the close of the quarter ended March
31, 1878
,
j
I
I
-1
I
(
.
:
Total
$1,3S7,0;0 $2,417,931 2-)
Balance. Jane 7
121,238,613 42
Balance, June 14
125,006,963 50
J9,-381,563 44 $1,619,181 18 $7,209,641 30
39,999,558 OJ
Surplus January 1, 1878, as per last quarterTy report
Net profits, quarter ended March 31, 1878
the Comptroller of the Currency, Hon. John Jay Knox,
the following statement of the currency movements and
Treasury balances for three months past
Bonds held ae security from Nat. B'ks.~ March 31.
Bonds for circulation deposited
$2,740,900
Bonds for circulation withdrawn
3,027,200
U.S.
Total held for circulation
Bonds held as security for deposits
346,3.36,260
13,453,000
May
April 30.
$3,6.38,000
2,262,400
347,711,850
13,448,000
31.
$4,236,000
2,780,400
349.166,450
13,868,000
Legal Tender Notes.—
Deposited in Treasury under act of Jane JO,
$879,718
903,530
banks
12,18-2,962
National
412,480
27,000
deposit. Including liquidating
Retired under act of January 14, 1875
Total retired under that act to date
Total amount of greenbacks outstanding.
.
769,312
34,161,288
347,848,712
12,313,537
1,167,696
11,550,903
.36,31H,984
86,318,984
346,6S1,016
346,681,016
961,640
750,617
320,761,394
1,432,120
1,459,620
602,655
321,709,659
1,432,120
3,356.000
5,046,000
386,000
168,000
187,000
2,894,000
7,711,000
2,9 5,000
924,000
747,000
49 1,0C0
2,<;08,000
6,922,000
$12,036,000
$16,755,000
$24,077,000
138,367,608
751,851
156,037,236
1,163,140
189,706,021
3,094,748
demption of fractional currency
10,000,000
silver certificates outstanding
57,883,400
10,000,000
55,044,500
10,000,000
52,823,640
.
New York
Boston
—
Philadelphia
Chicago
Hiscellaneous
Total
2,007,650
1,140,124
322,555,965
1,432,130
10,757,000
5,122,000
1,276,000
107,160
1,
''
Pacific
stock for quarter
Sinking fund appropriations for quarter
Construction account for quarter
Purchase of sundry telegraph stocks, patents.etc, for quarter
"
3,885
19,970
1:3,381
—
20.533
1878, of
re-
Central of New Jersey.— The directors of the Central Railroad Company o( New Jersey have adopted a resolution requesting the receiver of the company to obtain authority from
the Court of Chancery in New Jersey for holding an election for a
new Board
of Directors on the 10th of July.
& Danyille.— This
to Lawrenceville, 111.,
United States Court.
road, extending from Danville, 111,,
103 miles, is to be sold July 10, by order of
Union PaeiHc, Kansas
690,864
$188 859
The net proSts
for the current quarter, ending June 30, insc, based
official retarns lor April, nearly complete returns for May, and
estimating the business for June, reserving amount sufficient to
meet the claims of the Atlantic <fc Pacific Telegraph Company
under existing agreements, -will be about
$867,018
Add surplus April 1, as above
188,859
upon
Pacific
&
Colorado Central.— The
latest report concerning the alliance between these companies is
said to be correct. It is substantially as follows: That the
arrangement embraces only the Union Pacific, Kansas Pacific,
Colorado Central, and the Omaha Bridf^e Company, and not the
Denver & Kio Grande, St. Joseph & Denver City, and St. Louis
Kansas City & Sfortbern. The Gould party have secured control
of the Kansas Pacific, assuming its indebtedness. The Colorado
Central, consisting of about 1 7.5 miles of road, is owned and operated by the Union Pacific Company. These three roads, comprising a total length of nearly 2,000 miles, according to a N, Y.
Times dispatch have been consolidated and the agreement has
been signed by the proper officials of the Union Pacific, Kansas
Pacific and Colorado Central. It is stated that the gist of the
agreement entered into by the separate corporations
From which
One quarter's
One quarter's
one quarter's
i
One
this
effect: The entire gross earnings of the three roads are to be
consigned to a common purse ; the division of the whole is to be
made on the following basis: The Union Pacific to receive 71
per cent, the Kansas Pacific 19 per cent, the Colorado Central
per cent, and the Omaha Bridge Company the other 4 per cent.
It is expressly stipulated in the agreement that the officers of the
Union Pacific shall extend their authority over the Kansas Paciis to
and the Colorado Central, and that the heads of departments
on the two last-named lines shall at all times be subject to the
orders of the officials in charge of the corresponding departments
on the Union Pacific.
fic
Union Pacilic Railroad.— A decision has been rendered by
the Court of Claims, in Washington in the suit of the Union
Pacific Railroad Company against the Government.
The Court
decided that the Government is entitled to recover 5 per cent of
the railroad's net earnings from November 6, 18G9, to November
5, 1874, amounting to the sum of $1,367,716, and that the com-
]
appropriating
interest
interest
on bonded debt
on purchase of Atl. &, Pac. Tel. stock.
construction, purchase of stacks of leased
lines, etc
A
Treasury Movements.—
Balance in Treasury— Coin
Currency
Currency held for
Paris
$525,938
&
$1,055,878
Gold
Notes received for redemption from—
Coin and
Dividend of 1>^ per cent, paid April 15,1878
Interest on bonded debt for quirter
Interest on amount due for purchase of Atlantic
Bank
Circulation.—
New circulation issued
Circulation retired
Total circulation outstanding—Currency.
Ciiicinnali
From which deducting
There remained a surplus, April
1874
now on
1
42,071,477 16
From
we have
Total
$83,199
79i,514
$107,000
3,000
|
,
'
4O,0C0
quarter's proportion of sinking funds
j
'
S0,0uO— 170,000
$8i6,8"8
Leaves a balance of
5-25,936
dividend of 1'^ per cent on the capital stock outstanding requires.
Deducting which, leaves
$859,942
.
In view of the preceding statements, the committee recommend a dividend of IJ per cent, payable July 15; and that for the
purpose of sucli dividend, the stock books of the company be
closed at 3 o'clock on the afternoon of the 30th June, inst., and
be reopened on the morning of the 16th of July next.
At a meeting of tbe Board of Directors, Mr. Hamilton McK.
Twombly was elected a vice-president in room of Dr. Norvin
Green, who has succeeded the late Mr. William Orton as president of the company. Mr. Twombly is a son-in-law of Mr. Wm.
H. Vanderbilt.
'
"
I
\
—
The Rochester & State Line Railway Company first mortgage
7 per cent bonds are offered by Messrs. Walston H. Brown & Bro.
at 90.
The bonds are a first mortgage ut.on the road and its
equipment, and are issued at the rate of $30,000 per mile of road
The road runs from Rochester to Salamanca, a distance of about
109 miles, and forms a connection between the N. Y. Central at
Rochester and the Atlantic & Great Western. The road is
completed and running, and in addition to the large business in
coal and petroleum from Pennsylvania northward, it is expected
to have a strong local business from the numerous towns on its
line.
,
,
j
'
•
1
1
1
—Messrs.
Barbour, Swords & Co., Bankers, 13 Wall St., have
sent us the July number of their "Monthly Financial Circular",
which gives particulars of the securities called at the New York
Stock Exchange and prices of the same for June. The circular
is conveniently arranged for reference, somewhat similar to those
issued by the London Stock Exchange, and can be had on applica-
'
|
tion.
—
Messrs. Geo. Wm. Ballon & Co., of New York and Boston,
have on hand for immediate delivery tight per cent bonds
secured by first mortgages on productive Ohio farms, in denominaThese bonds mature in five
tions of $.500 and $1,000 each.
years and are reported- by Messrs. Ballou & Co. as a safe and
profitable investment.
— Attention
called to the card of Messrs. Thos. P. Miller & Co.,
Bankers, Mobile, Ala. This firm, of many years' standing, transacts all the ordinary business belonging to a private banking
house, giving attention to collections, and remitting promptly
on the day of payment.
—
1
is
The twelve months' notes of the Houston & Texas Central
Railroad Company, given under the plan of liquidation, and
amounting to over $80,000, matured June 4, and were paid by
the treasurer in Houston.
The Ontario Silver Mining Company announces its regular
dividend for May, and an extra dividend, making one dollar per
share for the month, payable at Wells, Fargo & Co. on the 15th
—
I
J
t
i,
i
;
i
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,
,
inst.
V.
June
THE CHRONICLE.
15, 1878.1
593
Tlie range in the prices since Jan. 1, 1878, and the amotint of
each class of bonds outstanding Juno 1, 1878, were as follows:
No
Range since Jan.
National Banks organizml during the past week.
Lowest.
DIVIDENDd.
Tbe rolIowlDS divldenda hare
recently bea& anaoanced
When
Pbb
Namk of Compant.
Books Closbd.
Cent. Payable. (Daya
iuciusive.)
1.
June 24
July
July
July
July
15.
4
4
1.
June
June
June
17 to Jul V 19
15 lo July 3
16 to July 4
IX
July
15.
June
81 to July 15
1
New York Central & Hudson Riv. (quar.)
New York & Harlem
Philadelphia Wllminston & Baltimore ..
Western
Jnly
$10
2
iniiicellaiieoiia.
Telegraph (quar.)
I'uioii
FRIDAY, JUNE
18.
1.
14,
1878-6 P.
The money Market and Financial SItnatlon. — There
been two
princijial toj)ics of interest this
week
.5«,
in.
have
in financial circles,
Amount June
1878.
1.
Coupon.
Registered.
Juno 6 $194 842,2.50 $87,804,100
6
51 ,328,2.50
55,527,800
June 7 105,,861,300 204,755,000
llOifl Apr. 23
15,,050,000
21,515,800
108% Jan. 20 144,,221,050 60.345,250
106=9 Jan. 24 232,,140.800 276,290,5.50
25 109
3^10518 Juno
6 108
10-40s...cp. 10378 McU.
5s, fund. ,'81. cp. 102% Feb.
4ia.s, 1891 ..cp. 10178 Meh.
4s, 1907 ....cp. 10038 Apr.
Os, cnr'ney.reg. 11714 Apr.
Railroads.
Boeton & Lowell
Baltimore & Ohio (Washington Branch).
Lehigh Valley (qaar )
«8, 1881 ....cp. IO5I8 Feb.
OS, ,5-20«,'65.cp. 102=8 Jan.
Oa, 5-30«.'67.cp. 105
Feb.
68, 5-20s,'08.cp. 106% Jan.
1,
Illglieet.
10479
May
24
102% Jan.
May
I2219
9l
25'
148,,359,100
00,,739,850
64, 023,512
86,040,900
25,110,150
and Railroad Bonds— In State bonds I.,ouisiana conhave recovered materially, and after selling last week below
70 have sold to-day at 72J. The July interest is said to be mostlyprovided for and the improvement in the bands is accounted for
among brokers here by the fact, already noticed in our rejMjrts,
that too large an amount of bonds was held in New Orleans.
It
is estimated that some $600,000 bonds have come from that
market in the past three weeks. From Tennessee the private
State
sols
first,
the IJreak in speculative stocks, anil seconil, the passage by
the United States Senate of the act making customs duties payable
in greenbacks and authorizing the sale of 4 per cent bonds at par
for greenlmcks, the same as coin.
The text of the bill as amended and passed is given below, and it is thought probable that the
House may accept and pass it without further amendment. The
bill reads as follows:
An act to make United States notes reccivjiblo for duties on impoits
and for other purposes.
Se ittnaetea, Ac, That from and after the passajte of this act United
States uotes shall Ixs receivable the same as coin in pavnient for the 4
Sor centum bonds now authorizeil by law to be issued; and on and after
ct. 1, lyTS, said notes shall be receivable for duties on imports.
advices received are not encouraging as to the sentiment among
the people on the subject of honoring the State obligations.
Alabama bonds, class C, have sold as high as 47; South Carolina
consols at 84, and the rejected numbers of best sort at 65.
Railroad bonds are finn on a more moderate business. Some of
the bonds sold at the Board most actively, and in which there is
a speculative interest, fell off with the decline in stocks, but the
general list, in which the investment demand constitutes the main
business, is quite firmly held, and this applies also to the numerous bonds not sold at the Stock Exchange.
Messrs. A. H. Muller & Son sold the following at auction:
The money market is unchanged, and on government securities
2@2i per cent is an ordinary rate for call loans, while on stock
27 New York Equitable In8.192i2 $2,000 Atlantic Dock Co., 1st
niort., 7s, due 1882.
10 N. Y. c& Boston Fire Ins.. 60
DQifl
145
5,(X)0 Dunkirk Warren &
29 Merchants' Ins
Pittsb. RR., 1st mort.,
110
5 Empire City Fire Ins
116
16 Peoples' Fire Ins
78, gold, due 1900,
40
guar, by N. Y. Cent. &
10 Firenien's Fund Ins
Ill
H. River ER
109>4
Home Ins
20 Third ave.RR..)
2,000 Troy & Bost. RR., 78,
convertible, due 1882. 85
20 Sixth ave. ER.. i.$l,850forlot.
•'
scrip.
2,000 Indianap. & St. Louis
$1,400
69I4
150
RR., 1st mort., 78
500 Brooklyn Citv RR
1,000 Brooklyn Public Park
40 New York Gas-Llght Co 98 13
Loan, Os, due 1924. ...lim
200 Peoples' Gas-Light Co. of
Hudson, N. J
110
1,000 Masonic Hall and Asy19934
lum Fund, 1st mort., 7
20 Broadway Ins
per cent bond
100 Wiusbmgh Gas-Llght Co. 81
90
The following were also sold
Bonds,
Bonds,
$5,000 Long Island City cer$1,000 Cliesa. & Ohio RR. 1st
tificates of indebtedness
mort. Os, gold, coupons on
70'a
Shares.
from and including Nov.,
40 National Park Bank
30
1873
OS's
Closing prices for leading State and Railroad Bonds for two
weeks past, and the range since Jan. 1, 1878, have been as follows:
collaterals the prevailing rate is 2J to 3^ per cent.
For prime
commercial paper running 60 to 90 days, there is a good demand
at 3} to 4 per cent, and for four months' paper at 4 to 4^ per cent.
The Bank of England, on Thursday, showed a gain of .£488,000
in specie for the week, and a reserve of 39f per cent of the liabilities,
against 37f per cent the previous week.
'
London I'lmes, in its financial article, recently said:
The Bunk of Eu^lnnd has resolved henceforth to discontinue the use
Tlie
of the word "mlnlumni" in announcing the discount rate. The Bank's
announcements, therefore, will be understood to mean about the
medium value of xood bills, but the Bank is free, like other banks, to
charge above or below the announced rate acoordinj? to circumstances.
The ultimate result will be that the open market rate, not the Bank's,
"Will bec<»me the standard for money contracts."
The Bank of France gained 3,.'50O,OOO francs in the week.
The last statement of the New York City Clearing House banks,
issued June 8, showed a decrease of $233,475 in the excess above
their 2.5 per cent legal reserve, the whole of such excess being
$14,049.6.50, against $14,282,235 the previous week.
The following table shows the changes from the previous week
|
1
'
I
.
:
and a comparison with the two oreceding years
1878.
June
Loans and (lis.
Specie
Circulation
Net
8.
Differ'nces fr'm
I>rcvious week.
States.
1877.
June
9.
1876.
June
10.
$23(!,132,!)00 luc .$2,083,500 $251,673,000 $249,370,700
200.000
1!),97!),C00 Inc
38,000
202,271.800 Inc. 2.403,900
47,810,400 Inc
568,400
16,801,200 Dec.
..
.
dejiosits
Lejjal tenders.
.
.
19,441,700
10.162,000
15,729,100
15,S10.100
223,7.38,500 210.s:t0,500
55,078,100|
53,000,000
—
United States Bonds. There was an active Ira.siness in
governmentis among the principal dealers until 'J'hursday, when
the action of Congress put a check on transactions. The l)ill to
make greenbacks receivable for customs and to allow the 4 per
cents to be sold at par in currency instead of gold, naturally has
the effect of reducing the price of the latter bonds which had been
selling at nearly 1 per cent above par in currency, and the balance
of the list sympathizes. The character of the Ijusiness in governments has been much the same as that recently noticed, the
purchasers including both private investors and the corporations,
whose takings are usually of larger amounts.
Closing prices of securities in London have been as follows:
U. 8. 6s, .5-209,
U.
S. 5s,
May
J une
31.
7.
June Range since Jgn,
14.
Lowest.
IO914 1091310913 105'4 Jan. 2
109>a 10938; 109 « 1041s Feb. 23
]107'4 10738! 10758 10339 Mch. 1
llOSk 10538|l05Ja 10218 Feb. 25
1867
10-408
8»of 1881
New 4'g per cents
1878.
1,
Highest.
109=8 June 8
109:14 Jan.
107S8
105»8
20
May 29
May 29
Closing prices at the N. Y. Board have been as follows:
6s, 1881
reg.
1S81
coup.
1805. .reg.
Os,
68,
6«,
68,
68,
68,
68,
5a,
68,
68,
.5-20S,
Interest
Juuc
June
June
June
June
June
Period
8.
10.
11.
12.
13.
14.
•106
109
•102
100
109
106
109
102
.
5-20S, 1805 .coup.
5-20», 1807... reg.
5-20S, 1867 .coup.
5-20S, 1868...rcg.
5-20S, 1868 .coup.
IfMOs
reg.
10-4f)s
coup.
fund., 1881. ..reg.
6s, fund., 1881. .coup.
4iss, 1891
reg.
4IS8, 1891
coup.
48,1907
leg.
48, 11)07
coup.
68, cur'ey '9.5-99 reg.
,
'
This
is
'10918
•lOfliijI
10878
noi^s 'lOlTg 1017a "lot's
•10478'104=8
1047g| 10478
IOOI9
•107
107% 107% 10778 107^8 10778 10734
105%
105%
103% 103V
io.-i%
l(r.:H
10i:i8
;
•107
;^107
•lioie •110381*11014
•107=8 •107=8 IO7I9
107=8 107=8>107^3
105% 106
10534
106
105% lOSTg 106
105=8
103=8 103% 103=8' 1031a
IO3I3 103=8 103=8 10338
103's
10038 100 14 100 14
X0038
101 Hi 'IOII4 10138 10138 101%
120 '1197e 120
12018 12038
no taU was made at the Board,
1031a
10138
119^8
.
the price bid
100 14 10018, •1057a
104''8 *104''8 •104''9 •10478
104% *104''8 104% 10478
•106'8
110:'8 'Wo
11014
IO7I2 107»8 •10712
1071a *107ia 107=8
2ionds,
Shares.
Louisiana consols
Missouri 6s, '89 or '90
North Carolina 68, old
Tennessee Os, old
Virginia 68, consol
do
do
2d
Juno
Juno
7.
14.
70
72=8
•107
'I6I3
series..
Dist. of Columbia, 3-65s
•36
•70
•25
84I3
Chic. & Northwest, cp., gold.
Chic. M.& St. P. cons. s. f.78..
Chic. E. I. & Pac. 6s, 1917...
Erie 1st, 7s, extended
L,ake 8. & M. S. 1st cons., cp.
Michigan Central consol. 7s..
Morris tSc Essex 1st mort
N. Y. Cent. & Hud. Ist.cp....
Ohio & Miss. cons. sink. fd..
Pitts. Ft. Wayne & Chle. 1st..
St. Louis & Iron Mt. 1st
Union Pacific 1st, 6s, gold....
107
•16
•36
•70
•25
84i«
m
do
•
This
is
;
09% Juno
108% 108
113 •11314
x99i8
9779
10118
102
•IO9I9 109 18
•113 •113
•113
74
103=8 Jan.
109 Jan.
9178 Jan.
91% Jan.
106 Jan.
110 Jan.
109
•116 •117
•121
121
•100 13 •10118
•1201a •120=8
•1051s
108
108
•101% 1011a
J.an.
1151a Jan.
118 Jan.
9578 Feb.
118 Feb.
103 Apr.
103=8 Jan.
9239 Meh.
at the Board.
Kallroad and miscallaneous Stocks.
8
Apr. 12
105% Jan.
109%
Highest.
85 Feb. 11
104 13 Jan.
107 Jimel4
15 Mcb.29 18 May 25
331a Jan. 4 39=9 May 14
OmMch.
-83
sinking fund
the price bid no sale wiw made
since Jan. 1, 1878.
Lowest.
Railroads.
Central of N. J. 1st consol
Central Pacific 1st, Os, gold..
Chie. Burl. A- Q. consols 7s. ..
Range
June 10
85
84% June 11
108% May 29
113
IO314
June 7
May 31
102% May 25
109.i8
114%
II2I4
110%
120
121%
101%
121%
10938
108 14
103
June 12
Apr. 20
May 27
Apr. 27
Apr. 29
Juno 5
June 10
June 13
May 24
May 27
Juno 10
—The upward course
of the stock market has been broken by a sharp reaction in prices.
The bull movement had continued for a long time with hardly a
change in tone, and at length culminated with the final iiupetus
given by the resolutions looking to a scrip dividend on Rock
Island, and with the spurt in the Vanderbilt stocks, which was
manoeuvred just on the arrival of Mr. Vanderbilt from Europe.
The nominal cause alleged for the downward turai was the refusal
of the trunk-line managers to continue their pooling agreement
on east-bound freights from Chicago, and the falling off in receipts
The market had become
of grain at Cliicago and Milwaukee.
almost devoid of any active bear influence, and only on the break
in prices on Tue.sday was there noticed any considerable amount
of short sales, although these have been a more of less imiwrtant
element in the market ever since, with the usual tendency of
short contracts to keep up fluctuations, first by depressing
prices and then by stiffening them on purchases to cov^B^.
As to the general outlook, it may be remarked that the discontinuance of the percentage allotment scheme among the
trunk lines does not necessarily mean a freight war in rates, and
as the rate on grain was already at 20 cents per 100 lbs. from
are
Chicago to New York, there is little room for reduction.
unable to see that any one of the four great trunk lines would
now be willing to enter upon another " war." The Pennsylvania
and Baltimore & Ohio companies are neither of them paying cash
We
THE CHRONICLE.
594
dividends, the Erie is in a delicate transition state, and Mr. Vanderbilt, with additional interests in the Canada Southern and
Michigan Central routes, can hardly desire to lose money on those
Western Union Telegraph has
as well as on his other lines.
been strong on the quarterly statement of earnings and dividend
per cent. Nothing more has been heard of the Kock Island
of
Lake Shore will earn over 3 per cent on the
scrip dividend.
present half year, if the last three months are about equal to the
same months in 1877, as the report in May stated that the first
quarter of this year already showed an increase in net earnings
of $784,800.
The daily highest and lowest prices have been as follows:
H
Monday,
June lb.
do
June
June
11.
inT«
June
FrI'l«T
June
13.
4m
5154
nH
77« ma
498 Sl^
North
49??
7tii
pref.
C. K. I. & Pac
Del.* H. Canal
-IH'I
.
Han. «
do
79
53
75«
H5«.l^k
16H
1
5f4|
57>|
67H
07!j
w
Del, Lack.*
Erie
11.
10!^106M
49H blii
10B(|l06)i
pref.
&
do
33.
81%
May
&W.May
Iowa lines
Spi-ingf. rtl v.Ma V
ao
do
.
ludianap. Bl.
Int. & t;t. North. May
Kansas Paciflc. .IstwkJ'ne
Loiiisv.Cin.ct Lex. April
*fc Nash. April
Michigan Central. March
Minneap. & St. L.March
Ivouisville
Mo. Kans. & Tex Mav
Mobile & Ohio
April
Nashv. Ch.& St.L. April
Northern Paciflc March.
.
Pad.* Elizabetlit. Mar
Pad.
<fc
Menipliis-
.
&
&
Mav
Erie
.\pril
Reading. April
St.L.A.&T.H. (I)r8)lstwk J'ne
St. L. Iron Mt. & S.lst wk J'ne
St. L. K.C.& No.. IstwkJ'ne
St. L. & S. Fran ... 1st wk J'ne
Phil.t.
&S.E.(St.L.)3dwk.May
do
(Ken.). 3d wk.May
do
(Tenn.) 3d wk.May
Paul & S. City. April
St. L.
.
St.
Sioux
&St. P. April
Scioto Valley
IstwkJ'ne
Southern Minn
April
Tol. Peoria & War. 1st wk J'ne
Wabash
1st wk J'ne
mi
c:ity
.
Morris* Essex
N.Y. C. *H.
Ohio AMISS...
PaclttcMal...
.
.
444,255
132,267
17,646
103,987
80,706
58,920
64,761
360,000
578,4.32
Missouri Paciflc. April
14H 15^
pref,
Cent
Lake Shore
Michigan Cent
.
369,495
95,028
Jan. 1 to latest date.
1878.
1877.
2.044,732 1,787,845
l67,.309
82,010
68,708
72,997
361,372
534,213
31,520
334,535 33'2',i69
206,757 231,307
115,325
97.037
128,469 120,372
:i7,308
59,229
24,970
24,202
19,336
16,424
215,090 225.827
991,029 1,340,119
9,130
7,518
72,900
72,512
.50,185
48,041
19,167
19,273
11,013
10,476
6,582
6,411
3.762
3,002
49,579
38,269
28,974
21,.579
5,092
59,900
31,600
21,935
19,036
80,117
74,328
633,74(5
501,116
74,220
530,239
510,548
494,306
584,59,5
1,259,031
274,4 15
1,705,200
1,632,445
1,101,101
;W6,.570
1,6.59,167
1,510,737
102,395
1,272,662
1,048.246
1,19.3,.541
741,862
605,303
642,499
564.908
78,717
1.172,810
1.39,319
86,068
804.604
2,885,753
193,045
1,685,165
1,354,627
473,953
225,141
127,080
62,954
180,248
116,595
95,230
238.667
558,090
1,973,997
73,699
878,568
3,806,646
210,930
1,730,489
1,288,6.52
534,036
218,709
111,798
54,817
129,471
73,970
135,494
438,129
1.779,551
TUe Cold Market. -Gold was steady at 100^ to 181 most of
the week, but fell ofE slightly on the Greenback bill, and closed
to-day at 100}. On gold loans the borrowing rates were 31@4 per
cent per annum, and 1-32 of 1 per cent per day.
Silver in London is quoted at ,53|(a53^d. per oz.
The range of gold and clearings and balances were aa follows
Panama
Wabash
Union Paciflc.
West. Un. Tei
E.xp
American Ex..
United states
Wells, Fario..
Quicksiher
.
do
,
5.S'i,
St. .To..
Illinois
Adams
—Week
Latest car uings rtMortcd. —
or Mo, 1878.
1877.
Cent. (Ill.line).M.ay
III.
Phlla.
Central of N..I.
Chic. uurl.& Q.
C. Mil. & St. F.
Chic.
Wedn'sd'y Thursday,
Tucsdav,
[Vol. XXVI.
:
pref.
Quot.ation6.
These are the prices bid and asked no sale was made at tlie Board
Total sales this week and the range in prices since Jan. 1 1877,
were as follows:
'
:
Open Low. High
Clos.
101 '10078
10078 10078
10078 10078
101 ;ioi
101 ,10078
10078 100%
10078
1007e
1
Balances.
Gold
Clearings.
Gold,
Currency.
j
,
June
'•
Sales of
Jan.
Whole year
1878, to date.
1,
1877.
Week.
Shares.
Central of N. J
Chic. Burl.& Quiney
Chlc. Mil. &St. P..
.
do
do
pref.
CMcago & Nortliw.
-
do
do pref.
Chic. Rock iBl. & Pac.
Del. & Hudson Canal
Del. Lack. & Western
Erie
Hannibal
do
St. Jo.
Si.
do
.
pref.
niiuuis Central
Lake Slioic
Michigan Central
MoiTis (k Essex
N.Y. Cent. & Hud. R.
Ohio & Mississippi ..
Pacific Mail
Panama
Wabash
Union Pacific
Western Union
Adams
Tel.
.
E.Kpress
American Express
United States Exp.
Wells, Fargo <fe Co...
.
.
Quicksilver
do
pref
Total sales of the
Northwest.
June
"
"
"
"
"
8
.
.
10...
11...
12...
13...
14...
7,293
4,600
79,250
15,216
57,780
29,200
18,421
13,375
101,010
147,865
1,320
1,300
4,150
268,360
16,117
8,370
7,852
24,500
1,800
week
ISiaJan. 2 32 June 4
99 H Feb. 28 108 June 7
30 Jan. 2 54% May 31
08i« Jan. 30 81
May 31
33% Feb.
59^ Feb.
98% Jan.
in leading stocks
Lake iWest'm
Shore.
14,745'
12,300: 35,2751
39,570
39,820
12,700103,900
11,530
Highest.
11 55I4 Apr. 17
9 78 >4 May 31
15 njisJuno 7
45 Jan. 5 58I3 JunelO
46=6 Mch. 5 59% JiinelO
7=8 Jan. 5 17°8June 5
10 Feb. 28 1334 Api-. 16
21% Feb. 28 31% Apr. 16
72% Feb. 14 ^5% J line 11
DH%Jan. 15 j9i4Apr. 15
58 "a Jan. y 72=8 Apr. 18
67% Feb. 28 89 June 10
103% Feb. 11 112 June 11
7 Jan. 16 IIJ4 Apr. 15
16>4 Mch. 16 23^8 Jan. 16
50 112 Jan. 5 131 Feb. 25
11,145
12% May 9 20% Apr. 5
2.138 64% Jan. 4 73 Mch. 20
90,765 7514 Feb. 13 80% June 14
285 98 Jau. 8 104 May 10
316 47 June 14 521a May 8
91 46 Jan. 22 51% Feb. 25
110 82i£ Jan. 7 95 Juno 5
500 14I2 Junel3 19% Fob 25
600 29% Feb. 5 35 Juno 12
2,000
6,700
12,050
Lowest.
35,0.50
Union.
17,675
14,185
11,320
11,950
16,400
19,235
6
37%
94
1187«
4218
11
40%
73 14
15
13%
37% 69 12
82I2 IO5I3
251a 74 12
30% 77
4%
15
7
17
1578
3378
4013
79
45
73%
74 14
92 la
85 14 109 14
80
11%
26I4
130
59%
"73"'
56
84%
91 105
43 14 00 14
36
50%
81
90
13
24
197e 45
This week 101
Prev. w'k 101
100% 101
Del. L.
,& West.
I
Paul.
Erie.
4,800
12,400
4,700
16,800
22,400
18,150
18,300, 10,500
18,850
23,950
37,865
30 100
18.800
18,300
12,200
20,400
22,310
17,.300
I
&
Miss.
1,000
5,950
4,860
8,090
1,000
3,600
,
,
total number of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained.
The
columns under the heading " Jan. 1 to latent date" furnish the
gross earnings from Jan. 1 to, and including, the period mentioned in the second column.
Latest earnings reported.
^Jan.l to latest dntc-^
Week or Mo. 1878.
1878.
1877.
18
Atoh. Top. &S. F.lstwkJ'ne $G0,')O0 $39,719 $1,307,383 .$890,659
AH. <fe Gt. West. .April
276,372 303,142 1,108,863 1,103,574
Atlantic Mi»s.& O.April
126,931 124,646
516,508
504,495
Burl.& Mo.K.ln N. Apiil
146,362
498,737
68,978
288,242
Bur. C. Kap. & JtlstwkJ'ne
21,725
714,241
17,148
376,440
Cairo & St. Louis. May
24,239
23,333
85,197
10:i,7.57
—
,
.
Central Paciflc. .May
1,574,000 1,554,653
Chicago* Alton. .IstwkJ'no
81,885
76,719
Chic. Burl. &Q... May
1,157,447 917,447
Chlb. Mil.
&
Clev.Mt.V.
St.
F.lstwkJ'ne
AD.May
147,000
30,388
19,777
86,959
77,364
17,375
Dakota Southern. April
Dcnv. & Rio O...May
Detroit &Milw... April
DulHKiHe&S.Clty.lstwkJ'ne
Erie
March
1,147,208
eal. H. &S. Ant.April
90,682
Grand Trunk .Wk.end.J'ne 1 149,297
Qr t Western .Wk.end.MaySl
78,766
Hannibal&st.Jo. March
Houst. & Tex. C. March
174,528
6,407,410
1.733,800
5,402,631
144,187 3,768,000
150,791
35,868
67,305
18,806
317,223
68,053
76,636
428,252
13,819
1,170,714 3,572,637
355,721
70,430
149,046 3,735,491
77.539 1,901,580
394,808
166,iil
.
101
64,718,000
$
6,351,471
1.749,479
4,514,313
2,514,110
149,005
49,377
•248,635
319,828
3,262,726
303,853
3,683,173
1,700,130
353,431
1,044,279
1,033,875
100%
—
—
—
—
—
—
—
—
—
—
—
—
—
Excbange. — Foreign exchange is rather firm to-day on a modThe bond importers are doing nothing, and the
demand from merchandise importers is not large enougli to use
up the supply of commercial bills made by the exports of proerate business.
duce.
In domestic bills the following were rates on Wew York to-day
at the undermentioned cities: Savannah, buying par, selling J premium; Charleston, easier, offerings light, y-l()@l-5 premium,
St. Louis,
1 premitim; New Orleans, commercial 1-16, bank ^
1-10 premium; Chicago, 50 premium; and Bo.ston, par.
Quotations for foreign exchange are as follows
;
:
60 days.
3 days.
4.84%®4.85i2
4.84i4®4.84%
4.83 ®4.84
4.86%a l.STia
4.86 « 4.86%
Docuntcntary commercial
4.82i2®4.83i2
Paris (francs)
5.18ie®5.15%
5.18i8®5.15%
5.18i8®5.15%
40 ® 40%
95 ® 95 14
95 ® 95 14
95 ® 9514
95 ® 95 14
5.I6I4S 5.13%
5.I6I4" 5.13%
5.I6I4* 5.13%
4014a 40%
14.
Piinie bankers' sterling bills ou London.
Good bankers' and prime commercial...
Good commercial
Antwerp
(francs)
Swiss (francs)
Amst<?rdam
(guilders)
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (rei hmdrks)
Berlin (reichMarck.")
The
—
101
100%
100%
The f olloAving are quotations in gold for various coins
98I3
Sovereigns
Dimes & h dimes.
97 S>
$4 87 ®$4 90
Napoleons
Silver 14s and i^s97%® 98ia
3 90 ® 3 97
9413
93 3
X X Reichmarks. 4 74 ® 4 80 Five francs
9-4
Mexican dollars.
X Guilders
3 90 ® 4 10
93 '3>
English silver
4 75 ® 4 85
8pan'hDoubloons.l5 70 ®]6 00
Mox. l>(>ubloon8..15 50 ®15 70
Prus. silv. thalers.
68 ®
70
99'4
Fine silver bars .. 117 » II712 Trade dollars
98 «
par.®i4prem.
bars
silver
dollars
a
par.
Fine gold
New
99%
Jose
Ohio
101
$10,228,000 $1.3.50,544 $1,364,836
7,807,000
717,619
724,587
7,366,000 1,071,500 1,132,411
8,780,000 1,264,050 1,277,002
9,515,000 1,508,300 1,523,704
888,708
16,532,000
878,000
100% $60,228,000 $
lioo% 101
S'ce Jan. 1 10278 10018 10278
were as follows:
St.
Total... ij/j/oui:
„„,.„
-^.^ww
I---,
Wholestock. 15 1,03 11494.665 337,874 154,042 780,000 524,000 200,000
,
"
101
101
101
101
101
10078
.
3558
51 14
212
1278
.
10..
11..
12..
13..
14..
"
"
"
Low. nigh.
8
Boston UankK.
—The
® 1.851a
4.841a a 4.85
4.85
95130'
9512®
95 12®
9514®
95%
95%
95%
95%
following are the totals of the Boston
banks for a series of weeks past:
Loans.
Specie. L. Tenders, Deposits. Circulation.
s
t
$
t
1878.
S
Apr. 1
Apr. 8.
Apr. 15.
Apr. 22.
Apr. 29.
134,Jh-,300
125.0!0,i00
Hi, 140,100
6,472,200
6,5i7,S00
8,701,500
12.-),299,S00
12"i,234 70)
6,5rl7,400
4,4)3,800
3,791,800
3,364,000
5,716,800
3, 677, .^00
49,374,300
43.343,800
S5,4i7,3llO
25,48i,10(l
2J,4t6,.3i0
May
May
(i.
12I,4R5,:00
6,2(ii,300
3,415,600
48,357,9,^0
2ft.5:)9,o0,)
13.
i'23.fira,4i'0
3,71.6.40)
48,84f,20n
i(5.45;),2ilO
Vay
2«.
1,767.400
4,119,100
ia3,5iO,100
4,4T7,(100
Miiy 27.
ias,'4.32,r,0O
3,9.-i9,
Jane
June
3.
12<,9T3,-200
3,4l8,fi00
3,8.57,000
4, -.60.200
5,261,i,00
10.
125,010,400
.3,21 1, 8J0
5,7.10,100
00
PUiladelphia Banks.. -The
48,975,800
50.099.300
4«,803.4:)0
49,3111,900
25,2(17,401
2-1,453500
25,099.400
48,893,500
2.5,a7<,10O
50,ir.5,800
51,ii7is400
iSAi'.mt
»
3S,aiT,453
4i.nii,aor
40.101,403
4-.4:i6,60r
41.11.32,590
4li,'i77,U46
42.539,787
4;,6i4,818
87,395,431
33. "15.446
•^5,5>M,'.0O
totals of the Philadelohia
baakB
are as follows
Lo.in8.
1
8.
Apr. 15.
Apr. 22.
Apr. 29.
6.
May 13.
20.
May 87.
Jane 8.
May
May
Jnne
10.
Specie. L. Tenders. Deposits. Circalation. Agg. Clear
S
$
1679.
Apr.
Apr.
ll,453,r,67
10,:M J,46
197, 273
3,.S.59,978
t8,97l,947
59,008,491
8,.367,819
2,247,-293
.^8,705.684
2,023,5^7
2,001,690
ll,028,8Ji
11,700,672
2
11, .131, 71-1
II, .•,74,516
.'iS,
5J,101.043
5«. 125,807
57.:4l,-:8i
57,480,896
67,106,350
57,141,428
67,380,687
082,.^93
2.08;,9I4
2,000,:25
2,002,175
1,957,813
1,948,651
10.91 '3,687
11.679,304
12,231,948
12,72.3.700
12,777,652
$
$
11,071,302
11,107,271
ll,131,7i2
11,151,56)
28,5:6,717
37,19 ',831
31.635,152
39,035,168
44,-i85,5S7
11,132,3311
44.154,K01
43,987.692
44,139,418
ll,li3,093
11,125,930
28..'i21,063
80,.5(I7,640
n,;0),9W
32,7a! ;5S4
43,S.30,40,S
11,08 •<,7-i7
11,069,120
ii,o;o,i4i
.'^0,126.223
43,703,833
43,!55,')31
44,0 8.538
44,198.730
41,931, V.i9
44,8!4,-241
2 .1146.409
26,80.),60«
39.002,S2S
jy
JuNB
15,
THE CHRONICLE.
1878.J
—
New York City Banks. The following; utatPiuentBliowi* the
condition of the Associated Banks of New York City for t'le week
ending at the commoncemeut of business on June 8, 1878
ATEnAOE AMDtl.NT or
Lrnil
Net
CircalaLoanit aud
tion.
Daniu.
Capital. DiscoantB. Specie. TeDdera. Ssiioalta.
*
8)^,800
New York
8,4«7,50O 2,4«ll,800
8,054,800
40.(100
8,0(»,0.'O
BOSTON, PHIL.1DRLPH1A, Bte.-Oontlaned*
:
hints
.V.r.
piiuiuii
i,ox).ooo
8.030,000
6,45»,«00
8.933,900
8,3X2.203
a,a95,ojo
OMy
l.OCOCO)
5,448,'iOO
1,IC0,010
6 0.000
3,«5l,20i
1,663 700
9,;38.4
8,188.200
3.789,000
1,351,(00
1.403.(00
876,400
2,4i5,B0O
978.300
1,578.200
M.iliuuica"
Uuloii
2,000.000
1,200,000
America
3,(X)0.(KX>
.
Trad sineo's
Fttlto
Chem.cal..
300000
..
MiTcliimls' Exch. 1.000,000
National 1,500,OJO
Oiillaliii
Butchor«'*Drov.
Mcclwiiic-''
&
Orccnwich
Leather
6OO.1OO
e^O.OOl
SOO.OOO
600, noO
Tr
..
.Ma'.iif rs
Sevuntli Ward..
State of N. Y..rl£.
300,iK)0
t00,iK«
American Excb.. 5,000.000
Commerce
5,000,000
Broadway
1.00%000
Mercantile
1,000,000
Pacilic
ncpiiblic
1,500,000
Chatham
450,0W
People's
412,500
7CO,000
North America..
Haaover
Irving
500,000
M<aropoliUn.
Citizns'
NsD'an
..
.
800,000
1,01(1,000
Market
St.
8.00(^,000
1.'
00,000
Nicho'as
1,000,0
and i^ealher l.'OO.iO)
Exchange
l,0OJ,n00
Shoe
Corn
Continental
Oriental
300,000
Marine
401.000
Importers'&Trad l,50O,0tO
Park
Mcch. Bkg. Ass'n
2,000.0-'0
ll,l(i6,5)0
500.000
30 j,000
240.000
850.000
lUO.OOO
6:a.fOO
5 .3,300
787.900
Grocira'
Norih River
East Hive r
...
Manuf'rs' & Mtr.
Pourin National 3.5 0,01)0
Central National. 8,00^.000
.
Second
Niitiona'.
SOJ.iOO
Ninth National .
Pirt National...
Third National..
N. Y. N»t. Exch.
7.5ti.('00
300,000
I,00',0i;0
Bowery National
NewY'orkCounty
OetmanAmeric'n
Total
The
SOn.iKO
250,00J
2 0,(0)
750,000
66,^25.^
10
884.(100
318,liJ0
174. K'O
263,8110
659,500
1,703.900
4-.,000
878,00) i,r«n;o
1,064,000 2,536.1
8.01,000
206.0(0
8,018,500
3,0 9.801
a,938,70O
1,980,40.1
97
806.000
198,000
8,700
861. JOO
,1)00
.
30H
United N.. I. cona.
PHILADKLPHIA.
A
1,718.200
450.0(i6
313,700
5,400
do
Dclawure
4,730,400
415,0
411.41X1
8,0S.3.300
1,673.000
l-,862.0fl0
73.3(.0
2, 63,C(iO
463.200
2.6.300
891,500
193,700
441,(00
1,895 20!)
891,700
180,(03
489 50
1
238,000
3 900
1,056,^00
306,:iOJ
755,10)
8,614,000
4ll5,-2O0
685,3)0
l.'-8«,20J
4.7(10
2,842.200
1,130 lOO
7 0,400
l,>.5-,0i)0
318,000
16,181,);00
1,101.400
54 i.
303 8 «)
1
721,.3>)0
97,100
230,000
736,400
802.(00
8M,800
1,198,701
880,10J
l.';36,700
1,05141
?87.0i0
1
i70,0.
00,0
1
(0
79 1. COO
269.200
S24,000
180,0.0
450,.
Inc.
BALTIinORB.
&
coi
6b,
C'mden &
as'oOO
1
weeks
I,.
Tenders.
past:
Deposits. Circulation. A^g. Clear
t
t
*
S
pon
Harylaud
Atlantic
...
Silnehlll
Nesquehoalng Valley.
NorrlBtown
Northern Pacific, pref
Norih Pennsylvania
..»,..
fyunsylvii'ila
A
Erie
& Head ng
1%
1
239,173,900
22,122,400
35,300,500
197,711,800
19,657,800
384,336,660
839,856,400
34.612,000
34,804,000
37,189,300
37,231,20)
201,981,500
203,666,000
205,978,300
807,171,800
210,301,700
211.; 13.000
812.132,000
810.891,600
19,787,100
19,881.600
19,841,800
19,798,10)
19,761.300
19,687,100
19,781,200
19,806.900
19,838,600
412,729,867
403,812,818
8,472.874
3:8,0 19.77:3
340,214.14;
344,105,468
343,070,324
289.487,491
400,609.630
377.110,111
401,598,977
1878.
Jan. 5.
Jan. 18.
Jan. 19.
Jan. 28.
Feb. i
Feb. 9.
Feb. 16.
Feb. 23.
Mar. 2.
Mar. 9.
Mar. 16.
a3^),936.300
25,207,500
27,093,200
2:36.1.81,800
28.jr7,.)00
83S,404,:iOO
211,87.5..W)
843,(5;, 300
30,193,600
216,33 '."OO
37,116,900 30,fl'.5,900 215,155,900
39.545,900 30,386,-300
215,085.100
'
39,687,500 29,')05,700 211,9:38,500
38,;6;,600 29,425,400 210,378,40^1
36,620,700 26,637,000 204,1.63,800
35,438,500 88,666,100 201,926.(,OO
33,935,900 32,1S6.COO 208,05:3,400
3;,585,100 34,933,80'J 800,875.000
30,051,900 38,435.309 199,0!4,000
27,469,500 38,613,000 21.1,0.38,000
21,030.800 41,020.100 199,(186,100
19.827,100 44,033.900 198,985.300
17,001.200 47,218.001 199,887,900
16,801,200 47,816,400 208,371,800
24-3,978.90)
841,.5'l'S-,00
.Mar.
.30.
211, .590,900
240,^4'),100
830,013,400
238.113.400
11.500
289.1I.30.400
«.3.,,.3(
4.
11.
IS.
233,0130,700
25
233,0I17,2.W
June
June
233,133,100
a8l,(M9,400
1
8.
34,877,000
34,845,600
33,97 1-,000
33,137,900
3.3,386,400
23.
May
May
May
May
32,3W.4O0
37,.363.200
216,466,-300
Mar.
Apr. 6.
Apr. 13.
Apr. 20.
Apr. 87
31.8.30,000
3-3,146,900
a3,oii,i;oo
242,859,900
241,659, 101
9<36.!38,90J
(lUOTATIO.NS IS
213,93:1,400
BoixON.""
Omaha
Vermont
Pueblo
OS
ilostoD 69. currency
do 58. gold
Chicago ai'werage 7a..
do
.Munlclpal78
rortlaniKa
Aich. & Tcpekalat ra.7a
do
land grant 7a
do
2(178
do
land Inc. 93..
Uoatoas Albany 78
Burl.
ft 8.
*
'•^rniont
20,033,100
381,578.687
388,688,684
3.1,364,165
839,a32.452
374,239,182
3,59,333,3-38
47>i 48.
16
PIttaburg
47
93)^ a«
35
su
'Myi
29^4
7
8
en
OTHER
CITIES.
Did. Ask.
103«
We«ern,8e
Ark. Valley,
....
7a
68
Lowell 7b
.Maine 7a
*
Mo.. Iandcrant7a.... 112
Neb.88.1j91
Neb. 8«, 188J
..
Co'in. A Paaanmpslu, 7>, 18S..
ritchbnrg UK (fi
do
do
,
do
7b
Kan, City Ton, & W., 78, 1st
do
do
78, Inc
EEastern, .MasB., 3HB, new. ...
Hartford & Krle 7b. new
Ogdenslmri; ft l.akii Ch.'Sa!!!!..
.V.
(lanada.
UO'.,
Wi'ji
100
77
14
new
89
.
. .
101)4
Bofcton
104
Boston
Boston
ft
Topeka
3.3.W!....
Albany
ft
ft
Lowel!
ft
Matue
lies
..
1(2)4
09)Jl u»)2
...
jBostonft Providence
Burllngtinft Mo. In Neb...
Sandusky
Concord
ft
.
Clev...
112^ Connecticut Klver
116
Uonn. ft Paaaumpslc
EaKerncMaaa.).
Bastera (New Hampihlre)
l:*8
Vorlc ft
Northern of
Norwich
187
'^l 8H
:
Fiiehburg
jMaachesterft Lawrence
Naah'jaft Lowell
New
1
'113H 114
1I88
Worcester
(^gdenab. ft L. Champlain
no
111
W.
>AI>
BONnS.
1880, J,ftJ.... 103
104
68, 1885, A.ftO.
Sd m..guar.,'85,.)ft.I 101
Pltteb.ft Connell8v."ia,'98,.J&J
Northern Central 6s. '8S. .1,4
do
6s. I9(J0. .\.ftO.
SH
do 6a. gld, 1900, .1.4.1.
123Hi
Cen.Oh(o6a, 1st in.,'90.M.&s.
W. Md. 6s. lat in., gr..'9(l..I.&J.
do lat ni., .890, J. ft J ..
do 2d m.,guar.,.;.& J.I..
do 2.1 in., pref
do 2dni.,gr. by W.Co.JftJ
do 6b. 8d in., guar., J. ft J.
Mar. ft cln. 7a, '9i, K, ft 4
do
'id. M.ft N
do
88, 8d, J. ft J
Union RR. lat, guar., J. ft J.
do
Canon endoraed
UISCELLANK0U8.
im
.
108>i People'a
2S
m..6s,con. 1(«
68, "di., 101
5
5
25
5
.
Va.
79
185
16
Ohlo68,
do
N.
77
lUO
04
05J4
100
VS
VV
108
100
108
103
m
'102
U6
100
110
105
no
to
06
106
110
^^
27?i
lax
p2X
28
13
io2X
100
Oaa
101
lOS
103
108
14
lot
16
CINCINNATI.
Cincinnati 68
84
96
do
7b
...1 103
106
7-308
do
108
t loe
Camden *Amboy 6i,coap,'83
do
South.
KR.
7-30B.t
lOOH
do
6s, coup.,*89 101
il02
do
do 6a, gold t ^4^
mort. 6s. 'ds. ... 10,--)<|10«
do
Cam. A .vtl. lat m, 7B.g.,19:)3 108 il08H Hamilton Co., <>., 68. long., .-f US
CO
7a,
110
100
5yra..-f
do
2i m., 78, cur.. '80 101
102
do
7ft7-S08,loDg.t lUl
108
Cam. ft Burlington Co. 68.'97. too
CIn.ft Cov. Bridge at'k, pref.
70
Cat<iwl88a iBt, 7a, conv., 'tfS.
Cln. Uam. ft D. lat m. 7a, 'do
loa
'88
chat, m., lOs,
do
'^^
do
7a,
2dm.
'oS..
do
new 7b i89tl
105
Cln. 11am. ft Ind., Ta, guar
iiO
1*7
Connectlne Gs, 1900-1904
1(;3
Cln. ft Indiana i8tm. 7a
OS
97
Dan. H.ft Wilk8.,lst.,78.'37.*
do
2d m.78, '.7... !0
73
Delaware mort., 6h, various.. 104 lOSii
'90
Colum. ft Xcnla. 1st m. 78,
104
106
D.'l. ft IJound Br., I8t, 78.1905 fc2
Dayton ft Mich, lat ui, 7e, *81. 1025< I03H
loa.i^'
East Penn. iRt mort. 78, '88
'81.
do
2d
m.7a,
U«
88
E1.& Wrasport, ut m., 78, '60. 107 108
do
3d m. 7a. '8i. UO
92
do
iBt m., 5a, perp.
Dayton ft West, lat m., '8
.t 100
Harilaburg Ht mort. Si, 'Si.
90
do
lat m., 19(JS
^7
H. ft B. T. Ifet m. 7b, g.nd, '90.
latm.Ca,
do
:905
78
82
2d m. 7a, gold, '95.
do
Ind. Cln. ft Laf. lat ra. 7a.
do
3d m. cons. 7tf, '95*.
(l.ftC.) lstm.7B,'
do
92
"us
Ithacaft Athena lat g d. 7e.,'90
Little
Miami
6a,
'eS
Junction Iflt mort. 6', '82
93H
t;in. Ham. ft Dayton stock.
do
2d mort. 63, 19J0 ...
Columbus ft Xenla atock..
L. Sup. ft Miss., lat m., 7'',g."
98W
Dayton ft Michigan atock..
Lehigh Valley, 6-^ coup.. 1898. lO-J 108<
do
8. p.c. at'k, guar
do
es, reg.,189i... 108X 109!
Little Miami atock.
do
78, reg., 1910... 114
114J«
do con. m., BA,rg.,l9i3 U(l
ti7
I^OITISVIIiLE.
do
do
6s,' p. ,19 3
08
Loulavll!e7B
Little Schuylkill, lat m. 78,'"2
t 101
do
6a,'B2to'S7
+ 98
North. Penn. Ist m.6s, cp.,*35 •M}J;
do
6«,'97to'»a
2dra.7B,cp.."%.jlU^i
t M8
do
do
water 6a, '87 to '89 t
do gen. m. 78, cp., I'.tOS 104 107
do
water atock 6«,'97.t t'8
do gen. m. 7a, reg., 190^ 10« 100)4
wharf 68
do
..1 MS
on Creek xat ui. 7a, coup.,*8i
85
apec'ltax6.iof '89.t U8
do
i-Ulsb. Tltusv. ft B., 78, cp.,'96
48
Loul-Tllle Water 61. Cs.l9U1t 101
scrip
do
Jeir.M.ftl.latm. (lftM)7k,'81t
Pa.ftN.T.O.A UU.7s.*96 ;906. lib
do
2d m., 78
86
Pennsylvania, let m., tp..'*.i.
do
lat in..78, 1906. ..t lOti
do
gen. m.6a,cp.,l9;o :c»),!iio
iojS
Loulav. C.ft Lex. 1st in.78,'97.
Ken. m 6s, ig.,i9:o. K6
do
ex p.i't-due c.'Up.ma
cons. m, 6-, rg., 1905
do
I03S4
Louls.ft Fr'k.,Lo(il8T.ln,6s,'8!
do
cona.m.es. cp., 1905. IS
100
Loulav. ft NaahvlUe—
Navy Yard 68, reg
do
Leh. Br. 6a, '86
Perklomen ist m.$s,cuuif.,'ji
90
t
:atni.Lcb.Br.£x.,7B,'ao.iS.t IM
PhllH. jt Eric i8tm.6scp.,'8i lO.-X 105
89
Lou. In.
do
6«, 'ii3...t 08
do
2d m 78. 1 p. ,'98 101
103
Consol. I8tm.7>, '38
loan 101
Phlla.A Uead. t8tm.6s.'4i*44, :04
Jefferson
Mad.
ft
Ind.
stock
'48-.49.
do
d)
Loulavtlle ft NaahTlle stock. 87M
do
2dni.,78. p .'Wi lib
do
dcben., cp., '9.-1' 40
20
do
do
cp. 1.17.
ST. LOUIS.
01
acrip, I8S2.
do
St. Loula 68. lo. g
t 101
io«H
do
In. n..78, cp.lSJd fS
water e». gold
do
4 103
104
do new.f!luSK 104H
du cona. m. -,h, cp..l9i!. loox 01
do
do
do cona. in. 7a, rg.,i9.i. 100)4
bridge appr., g.Ga TlOJ
do
104
do CO B.'n.<>.,g.l.l9.i...
do
ren^rwa*, aoid, Sa.t'lt/S
:04
do oonv.7a,rg.ftcp.!t:93'
sewer, g. 6^, '9. .2.^.1 103
QO
do
78, coup, off, '(IS 30
St. Louis Co. I ew p.>rK,g.69.t 103X 106
do acrlp, t8^ .
cur. ,s
do
t
Phlla.ft tu»i. C.ft 1. dc :>. Ta, 2 '37
St.L.ftSanP. Kli.bda, acr'sA 44
47X
do deb. 7>. coup, off
do
do
do B
do KTlp.liSl
do
do
do C S4
''o
2d m.
do
Sd m. 6a.
'57.,
M
ita
-I
US
.
w
.
.
.
«
W
ISlS
aanl 33
181
...
108
lis
115
XUI9 112
llOU 112
.
New Kngland...
New Hnmpsblre
ft
108
110
113
W
»
121l«'121k
75X' ..
iCheahtre preferred
'CIn
155(i
124
ft
.
STOCKS.
Atcbl'On
io»«
Connellavllle..50
ft
UAILR
Bait,
Baltimore tiaa certllicatea.
86
24
107
10
xlO-t
.
4-3(i,KS0,.36O
80.005,800
19,911,000
19,979,600
10(1
1
44I,44-3,M6
381,41,5,325
20,01-3,300
Vermont ft Ma«3. k K., 6s
.
Boston*
439,5-35,545
373,7.31,072
Kutland S9,:at mort
Verm't C. lat m.,78
Masaaeh'jaetts 58, gold.
,'v
419.-30I,:3i)9
19,998,:ili0
UidCoIony,7s
68
do
New HitMipshlreSa
do
19,910,700
19,900,300
19,912,300
19,«44,BOO
19,959,200
19,982,400
20,021,800
SaCOKfTIBS.
UalncSB
Boaton
19,88,5,100
BOSTON. PUIL,4UEIPHIA AJID
,acuBtTlX8.
4.
^
Balt.ftOhlo
Wash. Branch. 1(XI
do
do
Parkerab'g Br,
Northern Central
Weatern Maryland
W
Central Ohio
SO
121
1107
>1(JS
RAILROAD 8TOCK8. Par.
S
50
XI 10 118
.
'
Phlladelphlaft Trenton
l-.i3
Phlla.WUmlng. ft Baltimore.
PlttBburKTItusv.ft Buff
6
United N. .1. Compnnles.
123
West Chester couuol. pref....
West Jersey..
ist
68, exempt, lb67 ..
do
6-, 1890, (luarterly.
do
59. Quarterly,
Baltimore 6a. IS9I, quarterly
- •
*- -""
do
866, J. ft.)
8
do 68, 189.1, quarterly...
31)..
do 6a, park, 1890, Vt.—M
32)i
do 6b, 1893, M. ft S
do 6a,exempt,'^.M.ftS.
do
1900,,!. ft J
do
ISOi, J.ft J
Norfolk water, Sa
.
1S>
CANAL STOCKS.
Chesapeake ft Delaware
Delawnre Division
Lehigh Navigation
Morris
do pref
Pennsylvania
Schuylkill Navigation
do
pref..
Suaquehnnna
,
RAfLRUAD BOND8.
Allegheny Vai.,7 3-10s, 1398
do
7a.E.ext.,1910
do
iuc. 78. end.. '94.
kl07 109
ba, d- fent-e, J. ft J.
do
.
do
pref
do
Catawissa
pref
do
new pref
do
Delaware .u Bound Brook...,
East Pen .sylvanla
Elmlra ic Wllliamsport
do
pref.
do
Har. P. Mt. ,Joy ft Lanfiaater.
Huntingdon & Broad Top...
do pref.
do
Lehigh Valley
Little SchuyjKin
Belvldere Delu.
'
.
6i. coupon
78, reg.
coup
rrlsburg City bs. coupon
PuiUdelphIa
I
Circulation
City
Philadelphia
10.551,700
6,012,000
2.039,000
3,169.300
8,098,900
4,843,400
1,141,900
]58,s00
1
Camden
RAILROAD 8TOCK8.
l,664.91)i>
582,100
482,6(0
2,434,7.
.
H
18,806.000
4 .0.t»D
516,500
761.600
122,40)
.•i4,70O
236,1.32,603 16,801,200 47,816,400 208,871,800 I9,979,6C0
t
ft Dels ta, reg., 'M.
Delawa,'e Division 6a, cp.,';8.
I,039,80J
167,400
29,800
6.000
Specie.
t
Che8ai>.
8,62.5,0(0
are the totals for a series of
Loans.
1877.
.
!0S
iia^i
to '35
.
Dec. 89.
MM
108
PhlUilelphIa, 5s
rcfr
6b. old, reg
68, n.. rg., prior
to
do
laliu.ts, cp.,'!M. 105
107
do
lat m. 7a, '97
IIOX
Woatern Penn. KK. 6il :8IIS.
do
«• P. B.,'M
CANAL BOHDS.
183,tO0
879,000
1,069,400
9711,100
:
The following
in. (M.'M
Warren
F. lat ui. 7a, *>.(...
Wcat Cheater cona. 7a, '91 .,
West Jersey 6a, dch., coup..'83
54'',900
5,21 1. 200
1.12i).2a0
0,000
688,400
.
8TATK ANli CITV BONDS.
Ponna. 5h, g'd, int., rcg. or cp
do 58, cur., retc
do 5a, new. reg., l89i-19J^
do 68,10-15. rog., l-77-'8-i. 107
do 68, lS-35, reK-. lS3^-'92
do 6s In. Plane, rcg.,1349
do
do
ss«
atony Creek lat in. ;• tJH..
Suuburv * Erie lat ni. 7a, '97
Union ft Tliuav. lat in. 78, 'HO.
2,(24.0(10
')7.600
43f»,000
8(
10
573.700
561,800
502,800
3.(42,000
7.123.9i0
Dec.
Inc.
7« '7H
preferred
Il.rt.as,'84
Bl. I.oula7a,'9(l0
892,2i)fl
1,!);8.8'.)0
4>j9;ooo
.
do
ft
»ham<ilt,n V.ft Poltnr 78, IWI
Stncbenr. ft Ind. at, ta, iil8t.
9!,40,)
iia.soo
deviations from returns of previous week are as follows
Inc 88,088,500 Net deposits
Inc.. $3,401 9'0
Loans
Spaiie..
Legal tenders
Pitta. CIn.
itaiittua, cuniiiioii.
Vermont ft Canada
Vermuni<& MuBBacbasetU
WorceslerA Nashua
m.7a, rei.ftcp .'WJ
Phll.ftlt.,
109H PtiKa.wliin.*
»3
8i8.600
1,000.000
796,500
210(01
79,900
83,800
740.100
aa,700
230,00J
119,000
331,00:)
811,800 3.401,200
717,900 2,567,800
20,900
83.300
2,800
1S6.900
21,600
123,600
74,6CO
110,100
3,800
114,400
1,033 600 1,881,100
813,000 1,935,000
1,078.300
1,050.400
1,902.700
1,980,7(10
5,400
257,703
118,700
.11,0110
6,(>47,000
a,C2J,0(iO
612,100
103
Bid.
Lehigh Navigation 6.1, reg.,'>M 10H)» 104X
do
Kli., rg.,'»: 10:)H 104
do 6s,n.,rg.. 895* over
113H
do
CO V. g., n g..'i*J
96
Allegheny County 5^, coup...
do
gold, 'irj.
iilM va
(\Ilegheuy City iH. reif
do cona. in 78, rg.,19l
Pittsburg 49, coup., 1913
Morris, boat io»u, reR„ iliois.
5s, reg. & cp.. 191 {.
do
H4H
Pennaylvania 68, coup., :9;0.
ea.g'tld. reg
do
Schuylkill NaT. lat m.ea, '97
7a, w't'rln,rg.&c . VJIH
do
do
'jam.68.rxi
tio 73. itr.lmp.. re(E.,*^-36"
08
no
do
68, boaift car, 13:3
N. Jf-raey 68, reg. and coup...do
7s, boat ft car. 19 5'
exempt, rg. & coup.
do
:us(iuehanna 68, coup.. 19.8
Cajiiden County 68, coHp
45,300
88,2,0
336.200
12,9.38 400
2,41\4C0
-'30.0.10
4S800
USSOO
776l3r0
25,0:)()
18,600
72,000
101,200
83,800
613.000
91.4)0
3.4"3,i>00
1,931.700
1,408.700
9,261,600
842,500
85,000
160,103
301,100
D.718 300
l,i48.900
2,084,000
15.276.000
168,0
135,OiO
1,100
210,40J
1,623,6(10
4ti9,200
.383,800
215.01)0
33409
3 42i,00)
l,:j0.(K)0
'4,^100
6,6()5,.H00
800,800
« 15,900
78,009
77«,fcO0
ISsi.SOO
OKdenHb.ftL.Champrn.pref.
Old Colony
FortlRnd Hbco & rortAinouta
7.000
1
l,»7ii,000
a47,0('0
8.29.1,0
3S8,.500
14,839.000
4,"i3C,00
3.217.400
2,ia7,000
8,066.900
2,740.500
1.210.90S
1,607,100
5,190,900
2,019.100
li,2tl,000
1,76<,5C0
1,896.10)
2,550,000
1.904,200
W.OOO
1,
I99,(K]0
I,a73.2«)
11,288,>K)0
422,700
5,531 600
7,18 1,50
4,637,400
3,08i,000
6,511,700
608,400 2,611,0.0
509,100 t,3l3,0Oi
g'tJ.SfO
IM.SflO
aOl.ICO
7l6,30i)
939,3
1,331.000
5,li2.80:)
3,0;iO,003
•lOTJUTIM.
Old.
8BC7VBIT1B8.
—
.MiHiliittaoC'o.... 2,150,000
595
I
* In default or Interest.
t
And Interest.
THE
596
Bonds and
U. 8.
(^HROISICLE.
[Vol. XXVI.
QUOTATIONS OF STOCKS AND BONDS IN
RaUr oad
active
Stocks are quoted
a premous page.
on.
NEW YORK
Prices represent the per cent value, whatev er
the par may
'
"
state: bonds.
nomanxB.
&l>oama
do
do
do
do
do
A
M.
Ala.
10
7
20
20
22
5
5
5
8b of 1892
88 of 1893
Jo
ArksE^as 68, funded
do Is. L. B. & Ft. S. 188
do "3 Memnhl8 & L.R.
do 18,L. K.P. 1?. &N.O
do 78, M188. O. & K. R
do IB, Ark. Cent. RR..
Connecticut 68
Georgia 68
do
78, new bonds.
7b, endorsed. ..
do
do
78, gold bonds..
Illinois 6b, coupon, 1879.
warloan
do
Kentacl£7Ss
so
8
H
8
8
8
5
5
108
lOOii 102
110
.
SK0TTRITIS8.
idsii
ivs
ioi
ini^
1025
Ask.
Bid.
68,
Ohio
Canal Loan, 1878
gold, reg.... 1887
do coup.. 1887
do loan. ..1883
»8
do
do .1891
«B,
Ss,
»8,
do
do
6s,
6s,
25
72U Sorth
do
do
iiV
LandC,
ia)
Erie, Ist mort.
(ActiveprerVualp guoVd.)
Albany
& Susquehanna.
834
.
Burl, C. Rap. & Korthern.
Central Paclflc
:a
16
70
70
50
£0
J
do
.. ..A.40
do coup, off, J. & J
do do 0(1, A. & o
Funding act, 1866
do
1868
Sew )Jond8, J. & J
do
A. & o
1889, A. & O....
of 1888
Non-fnndable bonds ..
Tennessee 6e,old
18
do
do
Chicago & Alton
pref
do
im
79
Cleve. Col. Cln. & I
Cleve. & Pittsburg, guar..
Col. Chic. & I Cent
Dubuque & Sioux City.
so
S2
4
"isi
S!
62
.
Erlepref
Harltm
103KI104
107
lioej
6s,
68,
6s,
68,
68,
68,
10
9
mi,
8
8
2
8
Central—
Dubuque & Sioux City,lst m.
do
do
2d div.
Cedar F. * Minn., Ist mort..
3
92
Toledo
Toledo
18k:
Yonkers Water, due
109
Long
do
do
2d mort.
Lake ShoreMich S. & N.Ind., S.F.,7 p.c. tlOOJi
Cleve. & Tol. sinking f und.
IIIH
do
new bonds
U08
Island
Missouri Kansas
& Texas.
New York Elevated RU..
New Uaveu & Hart.
Ohio & Mississippi, pref
Pitts. Ft. W. & Ch., guar.,
do
do
special.
Rensselaer & Saratoga
Rome Watertown & Ou,
St. Louis Alton & T. H
N. Y.
M<4
t'5>i
do
Buffalo
Buffalo
.
.
do
pref.
Bellevllleft So. Ill.,pref
Southern...
St. L. 1. Mt
St. L. K. C.
North'n.pret
Terre Haute & Ind'polls..
do
J.U.AC.
macel'ons Stocks.
23H 24X
Canton Co., Baltimore
American Coal
OonsoUdat'n Coal of Md.
Cumberland Coal & Iron.
Maryland Coal
"15
28
Pennsylvania Coal
Spring Mountain Coal...
154
OX
12
MarlpoBaL. & .M. Co
do
do
pref.
Ontario Silver .Mining....
Railroad Bonds.
(Stock. ExcfifiJit/e J^'ices.,
Krie. Ist m..
&
tJoston H.
do
guar.
14
13
..
R & North.. iBt 5s.
St. L., ist 78 gna
Cbesa. & Ohio tis, iBt m..
•)«
ex couT
Lhlcago & Alton Ist mort.
Bur. C.
MInn.A
do
69
85
}29
i'lii
income. tl04
Jollet & Chicago,lst m.
La. & Mo., iBt m., guar.
do
uau
reglet'd
Centralof >. J., Istm.
do
do
Istcohsol
do
do
fissentcd
do conv...
do asscn'ed.
Lehlgb & W.B.con.guar
do
do
asseijted.
Am, Dock & Imp. bonds
do
do
seented.
95
109
ibo'k
tlOOWi
113>t
tVo
.
t'.'"
67^
46
36
50
2dm.
do
do
do
do
do
do
do
do
do
Ohlc.
7 3.10,
do
lBt7s, fg.,H.D
Istm., La CD.
l8tm.,I.&M.D
&D.
l8tm.,H.&D.
Istm., C.&M.
consol.sink.fd
2dm
Istm.,
*
I.
N. West. sink, fd
do
do
int.
bonds,
consol. bds
ext'ubds..
do
do
1st mort.
do
cp.gld.bds.
do
reg. do
Iowa Midland, ist m. 8s.
Galena & Chicago Ext
Peninsula 1st m., conv
.
.
Chic,
i,
Milw., 1st mort.
Winona &
do
St. P., 1st
m.
122
do
do
do
123
!10
iiox
N. Y. Central
:o39i
do
do
do
do
,,
.
. .
<io
of 1871
1st con. guar.
7b,
Del.&Hnd.Canal, l»t m.,'8;
do
do 1891
do
coup. ?8, I89J
^1 l«f i*on«. e\i»
Saratoga, ist op
ist re*
Brie, Ist mort.. extended
&
„..''"
119
consol. bonds
do
do
I....
60>v
1st Spring, div..
.
108
81
82H
Paclflc R. of Mo., 1st mort..
do
do
do
om
K2)t
94
103% 104
84
\o-:% 108
107Ji
lOlJs
104>« i04«
W7U
4th
38J4
eouip't Oonds.
.
89
»m
1(12
102'
100
102H
103m
lOOH
114W
* jrrice
11
A
Nov.,'17,cou.
Illinois A So. Iowa, 1st mort
do
ex coupon
Han. A Cent. Missouri, 1st m
Pekin LInc'ln A Dec't'r.lst m
Western Union Tel.. 1900, cp...
do
do
reg
40
....
101
dOki
}70
86
68
60
....
85
.•>
t-5
t
And
C. Ist 78. gold.
West, div
83
85.
Itlchmond
68
78,
.
78, g.
F., 2d m., class A.
do
do
24
80
gold
22k
on.
Memphis A Cha'ston
1st 7s
2d78
stock
Rock 1st
Cent. 1st m. 76
Little
MlssfbSlppl
2d mort. 08
2d mort., ex coupons
Mies. A Tenn. Istm. 88, A.
l8tmort..88,B
Mobile A Ohio sterling
Sterling ex cert. 68
88
8s, Interest
2d mort. 88
N. o. A Jacks. 1st m. 88..
Certlflcate, 2d mort. 88,
Nashville Chat. A St. L. 76
A Decatur Ist 76
Nortoik&Petersb.lBtmJis
lBtmurt.78
..
2d mort. 88
48)^
10k Northeast, 8.C., IBt m.
211
2d mort. 88
Nashville
Orange AAlex'drla,
lBts,66
J8,6e
818,88
4th8,88
75
iS
80
35
50
'2'2k
...
34
40
38
"82
05
104
105
83
88
5')
'67
E2
58
'65
8
20
10
60
s^k 81
31)
105
50
70
40
35
106
57
74
1114
85
85
90
103k 102
40
50
1C7
94
68
leg
33
97
70
80
37
88
ICO
6
34
85
8
88
»•>
ICO
RIchm'd
87
85
A Petersb.lst 7s.
A Potomac 6s.
Rich. Fred.
Savannah
A
Cha'ston
Char.lst ra. 7s
Sav. 6s, end.
A
West Ala. 2d m. 88, guar.
98)4
90
109
84
111
£6
56
40
57
57
15
110
100
87
45
20
112
103
BDk 100
100k 101
9a
94
88
105
90
80
70
40
mort. 76
RIcti.A Danv. lstconsol.6s
7i5k Southwest. ,Ga ,conv.78,'^6
jsoulhwestern, Ga., stock,
84
S. Carolina RR. Istm. Js..
70
7s, 1902
48
7s, non mort
25
70
87
S6
30
35
72
88
;
i
45
7
do
2d, guar
t....
Sandusky Mans. A Newark 78.
t 96K
98
South Side, L. 1., Ist m. bonds.
tlOlki 102k
do
sink. fund..
tl04.kt 106
South. Cent, of N. Y. 7s, guar.
tlOl
102)4 Southern Minn. Ist mort. 8s...
tl06
108
do
7s. Ist
price to-day
coup
KAILROADS.
A Chatt.lst in. Ss.end.
Memph. A
81
6
34
20
25
25
i2
110)4 112
85
"20
40
20
36
Stock
4
67
45
)
ttock
27
75k
81k
'20
102)4
old
new
Greenville A Col. 78, Istm.
7s.guar
.Macon A Augusta bojds..
2d endorsed
60
.
Mt. (Ark. Br.)
111
X^o
88
6s
76k
^
accrued interest.
Norfolk 6s
Petersburg 68
Charlotte Col. A A. I8t7s.
Cheraw A Darlington 8b..
East Tenn, & Georgia 6s
E. Tcnn.AVa. 6s,end.Tenn
K. Tenn. Va. A Ga. Ist. 78.
63
9j
88
87
35
5b
Wharf imp rovem'ts, 7-30
Stock
101)
86
40
40
40
Ss
.
95
8a
50
79
?6'*
35
35
new
Receiver's Cert's (var's)
Atlantic & Gulf, consol.
Consol., end. by Savan'h
Carolina Cent, ist m. 6B,g.
Cent. Georgia consol.m.78
58
102
106
102
88
63
20
38
Riiilroad, 6s
Ala.
"85
104
9S
85
61
.^s
Orleans prem.
Consolidated 68
8
105
:05
107
New
6s,
New
76
8)4
70
103
l'.l«
112
102
Nashvllle6s, old
70),;
.
I.
Montgomery, new
66
42k
86
funded
Stock
71?i Georgia RR. 7b
Mo. K.ATex.lst7s, g., 19O4-'06
do
2d m. Incorae...
N. J. Midland 1st 7s, gold
S. Y. Elevated RR., Ist m
N. T. A Osw. Mid. 1st
do recelv's ctfs. (labor)
do
do
(otheri
.N'orth.Pac. Istm.gld.7 3-10H..
Omaha A Southwestern RR. 8e
Oswego A Rome 7s, guar
Peoria Pekin A J. 1st mort
Pullman Palace Car Co. stock.
do
bds., 8s, 4th series
loix
1(11
88 (counoi's on)
68,
88,
.
San
do
do
Bonds A and B
Endorsed, .M. & C. RU,.
Moblle58 (coups, on)
consol. bds..
St. Louis I8t7e
li
4
47
99'
Memphis bond£ C
84
Montclair A G. L.lst 78
do 2d ra. Vs
73)4
bonds
78,
.^facon bonds, 78
Savenuah
Kansas City* Cameron i(i»... tlOOHJ lOlk
Kansas Pac. 78, g..ext.MAN.'99
73
74k
99
do 78,g.,l'dgr.,JAJ,'80
«7
do 78, g., do MAS,'86
38
36
do 6s,gold, J.AD., 1896
»eu 97k
do 6s, do F.A A., 1895. 103 104
38
do 78. Leaven, br., '96..
35
do Incomes, No. n
16
18
16
17
do
do
No. 16
do
Stock
7
7)4
Keokuk A Des Moines 1st 78.
75
68
do
funded Int. St
72
Long Island RR., Ist mort. ...
87)4 100
Loulsv. A Nashv. cons. m. 78. 104)4 1045<
do
2dm.. 7s, g..
86)4 88
Michigan Air Line 88. 1890
104
tlOS
A
A
ColumbuB, Ga.,
Lynchburg 6s
Waco
.
45
44
88k
Augusta, Ga., 78, bonds.
Charleston stock 6s
Charleston. S. C, 78, F. L
78,
'25
101
.
57k
54
,82
62
M.AS. tlOl
WIlni'ton,N.C.,68,g.
101
CITIES.
78, river improvem't
Cleveland 7«. long
7s.
66
class B,
class C.
St. L. ASO'east . cons.7B,gold,'94
St. Louis Vandalla A T. H. Ist.
(Brokers' QuoUtti07is,)
Albany, N. Y., 6s, long
Buffalo Water, long
Chicago 6s, long dates
do
78, sewerage
do
78, water
notgu.
80
45
t87
57k
South'n Securities.
Waterworks
25
Iowa Falls A Sioux C. 1st 7s.
91
t89
Jackson Lans. A Sag. Ss, Istm. tl02k 105
Kal. Allegan. A "G. R. 88, gr.
91
100)4
Kalamazoo A South H. 88, gr.. t70
St. L.
St. L.
Miscellaneous List.
do
nominal
20
4.')
let in., 1888..
do
ex coupon ..
do
2d mort., '93.
do Ex 4 Nov..'(7.coup
Quincy A Toledo, Ist m.. '90..
ex mat.
87
78
. .
mort
A Ind. C, ist mort
Great Wcsteru,
g.,
Istexl. g.
Indianapolis A
liOH 131H Indlanap. & Vlncen. Ist78, gr..
114
International vTexasj Ist g ..
116:
Int. H. AG. N. conv. 8s
107)<
Pitts., consol., s.f.
do
1.
Grand River Valley »b, Ist m*.
Houston A Ot. North. Ist 78, g
.
m
JStls,
do
do
do
income, 78.
IstCaron'tB
Col. Chic.
do
do
do
4-,!
«3
CITIES.
m
89H Hous. A Texas
2d mort
South Pac. of Mo., Ist
Penn. RK—
Pitts. Ft. W. * Chic, Istm.
do
do
2d m.
do
do
3dm..
&
;o7
V2
108,^
84
I
Central Paclflc, 7b, conv
Central of Iowa Istm. 78, gold.
37
ICpnt-IlL* &
* St.
«t Paul
Punl 88
fia
V .
Keokuk
tlOO)^ 101>ti
Carthage & Bur. 8s
tlOOH lOlk
«3 tl02
Dixon Peoria & Han. 8s.
O. O. * Fox R. Valley 8s.
tllu
iVi
CJulncy A
t;08k nok
" Warsaw 8s
" 18 Grand
SE
Illinois
Trunk.!
109)< iiok
Chicago & Iowa R. Ss., Jut
62
6Tk
Chic. A Can. South st m. g
15
21k
Chic. A East. HI. 1st mort., lis
85
59
do
.2d m. Inc. 78
15
20
Chic A Mtcn. L. Sh. Ist ys. '89
170
Chic. A S'lhwestern 7s, guar
93
Cln. Lafayette A Chlc. let
70
75
Col. A Hock V. 1st 7s, 39 years
102
104
do
1st 78, 10 years,
98
100
do
2d 7b, 20 years..
90
Connecticut Valley 78
4)
50
Connecticut Western I8t78
18
20
Dan. Urb. Bl. A P. Ist m. 7s', g
25
28
Denver Pac, 1st m.78, Id.gr.,g
45
48k
•64
76, gold
Ft. Dodge Ist 7s
10
Detroit A Hay City Ss, end
't70
'
Erie A Pittsburgh ist 7s
89
do
con. m., 78,,
83
do
78, equip...
Bvansvllle A Crawfordsv., .8
ibi
Evansvllle Hen. A Nashv. 76..
40
Evansvllle, T. H. A Chlc. 7s. e. •50
Flint A Pere M. SE.Land grant
•so
Fort W., Jackeon A Sag. 88, '89
42
Grand li.A Ind. Ist 78. T.g., gu,
92
25
Atlanta, Ga., 7s
75k
,
110»:
101-^
5"%
1892
7s, gold, 189'2-1910..J.&J. tllOk
Ts.gold. 1904
J.AJ. tlllk
108, pension, 1894.. J.AJ. t!01
103
110
T3it
83
77
76
103
34
i?^
small
registered
Texas's,
45
loiH loiH Des Moines &
59
bonds
do San Joaquin branch
do Cal. & Oregon Ibt
do St'ite Aid bonds
do Land Grant bonds..
"Western Pacific bonds
Southern Pac. of Cal.. Ist „..
Union Paclflc, Ist mort. b'de
do
Land grants, 78.
do
Sinking fund...
io-j»
102
112
loiHdom, Denver A Rio Grande
do
do
con. convert...
do
__ Ex. Aug.,'78,& prev's
102^i
117
118
]06Hi
t83
i83
do
reg. 78,189) 100
Albany & Snsq. ist bds. 411
do
Jd do
10!9<
do
Sd do
90
Reus.
consolldatcc]
2d
1('6
1
68, 1883
Paclflc RailroadsCentral Paclflc gold
iVi
2d mort.
ist m. 7s,8F.
consol. m. bds
West., 2d m. ibsH
7s, conv. tiOO
mort.. Tb, 1907 1049^
Syr. Blngh.& N.y. ;»t,7e
Morris A Essex, 1st. m..
do
2d mort.
do
bonds, 1903.
do
construct'n
Canada Southern, Ist m. coup.
do
68, 1887
107^8 ios)a
do
68, real estate..
do
6b, subscription,
lO.-^S....
do & Hudson, Ist m., coup 121 123
...
do
do
Istm., reg. 7121
Hudson R. 7s, 2d m., s.f., 1885 i,3«n4„
Harlem, 1st mort. 78, coup...
do
do
7b. reg...
North Missouri, Ist mort
Ohio & Miss., consol. sink. fd.
7s, gold .
68, 2a m. g.
do
1(18
do
2d mort $12
10«« torn Romedo
32
Watert'n & Og., con. Ist
109K
St. L. & Iron Mountain, Ist m.
103
do
do
2d m.. tao
}102
St. L. Alton £ T. H.,l8t mort.
UIX
101
do
2d mort., pref ..
85H
do
2d mort. Inc'me
BOH
1005^ 18?^
Belleville & S. lll.lt. Ist m. 88
91
98
Tol. Peoria & Warsaw, E. D..
196
ill
do
do
W. D.. }95
100
do
do Bur. Div
lOU^
do
do 2d mort.
t28«
do
do Congo). 7i
ibo'w no
ToL
&
Wabaah,
let m. extend.
88
100'.< :'ji
do
ex coupon
8:1
do
Istm.St.L. div,
z-i
do
ex-matnred coup.
i:67'^
l-H
80
do
mort
2d
do Ex A Nov. ,'77. coup. }6N
lib
&
do
do
California Pac. RR.,
1st m. 8s. j882, s. f.
equipment bonds.
New Jersey Southern Istm. 7s
do
do
consol. 7e
C.C.C.AInd'8
Del. Lack.
Ash., old bds ;io5
new bds 110
Erie, new bonds..
110
State Line 7s
105
do
Cons, coup., 2(1.. 100
Cons, reg., 2d
do
loox 00)4
Marietta & Cin. Ist mort
Mich. Cent., consol. 76, 1902 .. tib«>i
Cleve.
I
Ch.Mll.&St.P.lstin.8s,P.D
&
.
103
113
58 8. f
coupon
do
do
14H
69H
iia«
Ch.Rk.I &P.,8.f.lnc.68,'95.
6s, 19:7,
6s, 1917,
15
110
8t.L.Jack.& Chic.lBt m.
Chic. Bur.A Q. 8 p.c.lstm
do
consol. ra,
A Mo. RIv., land m. 7s
do
convert 88. var. feer.
Cairo & Fulton, 1st 7s, gold..
1^66
1867
B6H'
CBrokeri- {liiotaliotis.)
110
STATES.
115
Alabama
new consols. A..
101
B,5.'
....
lllJi
C
112
Georgia 6b. 18;8-'89
107
S. Carolina con. 6s (goodl.
101
Rejected (best sort)...
109
1903
Bur.
.
OH
88, 18S9- '94
:-308
35W
20
S3
23
70
old
new bonds,
,
RAILROADS.
do
&
&
78
104 k,
Atchison & P. Peak, 6t. gold..
Boston & N. Y. Air tine. Ist m
Det. Mon.
&
&
Atlantic ftPac.Tel
Am. District Telegraph...
mort..
Kalamazoo ,% W. Pigeon, isl
& Tol.,l8t 7b, 1906 ibsH
Lake Shore I>lv. bonds ...
no»
do
Cons. coup.. 1st. 7113
do
Cons, reg., Ist..
noH
.
do
United N.
Cleve. P'ville
Hartford
Long Island City
Newark City 78 long
do
Water is, long.
Oswego 78
Pouehkcepsle Water
Rochester C. Water bds., 1903.
36
series.
Tol.Can.S.A Det 18t78,g,
Union A Logansnort 7s..
Un. Paclflc, So. Br 68. g..
West Wisconsin 7b, gold..
172
t70
'.
:'06}^
Indlanap. Bl.
ist
tllo
1885-93
190
tlOO
1112
t 88
tllO
tllO
tl04
88
Jollet* Chicago
W.,
do
tI(J6
lllinolB
&
Detroit Water Works 78...,
Elizabeth Olty, I88O-1S05.
6s,
new
new
ex matured coup
consol., 2d series
deferred bonds
D. of Columbia 3-658, I9J4.
8
2
2
103
6s, various
Indianapolis 7-30S
109t^ lid
107
&
&
104J
loa
bds..
Bull. N. Y.
E, 1st. m., 1916...
St. Jo., 88, conv. mort.
Han.
104
68,
68,
Virginia
««
Special tax. Class 1
do
Class 2
100
do
Class 3
„,
I01hi Ohlo6s.l8Sl
l(:6>i
SO
30
30
40
40
30
7b
do
A.& o
N.C.RR
J.&
endorsed
do 2d do 7s, 1879
do 8d do 7b, 1883
do 4th do 78,1830
do 5th do
do
s, cons. mort.,g'd
do Long Dock bonds
116
44
'.
\SHi, J. db J....
Land C.
Carollnsr-
RAILROAP ANP imSCELI^AKEOUS STOCKS AND BONDS.
Kallroad Stocks.
68
South Carolina 68
Jan. ft July
April* Oct
Funding act, 1B66
'.'.'.'.
1892
.1893
.
be.
68,1886
Rhode Island
114
6B,old. J.ft J
—
BKCtJRITIKS.
New York state—
6s.
6b,
do
new.
do
6s, new float *f debt,
do
7b, Penitentiary....
do
6s, levee
do
8s, do
do
Bs, do 1875
do
88, of 1910
do
7b, consolidated
do
7s, small
Michigan 6s, 1873-79
do
68,1883
do
78, 1890
Missouri 68, due 1878
do
do
1882 or '83...
do
do
1386
do
do
1S?7
do
do
1838. ..
do
do
1389 or '90
Asylum or Dn.,due 189i
Funding, due 18M-5
Han. & St. J08.,duel886.. ..
do
do 1887
43H:
435i
RR.
&C11.K
E.
eVOITRITISS.
Louisiana
^^
,
88,1S8S
88,
8s,
Ask.
Bid.
43^
5>, 1833.
Ss, 1S86.
88,
do
"
101
'98
107
9S'
74
15
100
85
97k
70^4
71 )»
l(K)
101
83
82
87
86
5
28
"10
lOfl
107
35
105
K7
Tennessee State coupons..
South Carolina conso'. ..
20
40
30
Virginia coupons
Consol. eonn
15
Ist
mort.
Ss
PAST UCE OODPONS
^Cemphis CHy coupons..
made ibis week.
theac aie lateai (luotatioaii
S2
31)
84
40
June
THE CHRONICLE.
15, 1878.J
NEW YORK LOCAL
Bank SCoek
597
SECURITIES.
Insurance Stock List.
I.Ut*
[Quotations by K. 8. Bailbt. broker.
PatoB.
Sorpliu
laten
datu,}
Mark'dthusf"}
are not Nal'l.
America*
Lut Paid.
Period 1876. 1877,
8
100l3,(X)0.flOO 1.451,700 .1.*.;,
KPO 5,000,000 l,231,0(Kl M.AN
280,000 207 JWO J,.» J
HrewerB'AGr.'
UOO
IdO.OOO
Jan.,
4
140
It
102X 103H
6
American. ..
50
American Exch loo
,
'7H.
S
Amity
Jan
M. AS.
Sept. •75. 6
July, •77. 4
Jan., '78.
3ii
Ea«tUlver
A
8
8
8
lb
Bl-m'ly 100
'o
100
J.&
J.
J.
10
.I.'*".!.
,l.«c.l.
8
20
7
.I.&J.
3
P.AA.
10
J.ftJ.
M.&N.
46,400 I.* J.
2S 390,000
11th Ward*.... 89
11,900 I,* J.
100,000
Fifth
47,400
100
190,000
FlOh AviDue!. 100 100,000 136,000
First100 900,000 1,069,100 li-J.
Fourth
100 3,600,000 901.700 ). A: J,
Fulton
SO eoo.ooo 4.19.900 M.ftN.
Gallatin...
SO 1,600,000 651,800 A.«0
Herman Am.*. 100 750,000
81.200 F.& A
49,300 May.
i;erman Kxch.* 100 200,000
.M.OOO May.
Gennaula*
100
200,000
1X,0(10 M.&'N.
GreenwkhV... is 200.000
800
Grand Central* 89 100,000
Grocers*
23.000 .J,&,J.
40 800,000
Hanover
100 1,000,000 167.100 r.& J.
Imn.&Tradera* 100 1,500,000 1,S76,»00 .;.* J.
Irving
50 500,000 1-24,400 I.*.'
f.lOO J. 4 J.
Island
nd City" ... ro 100,000
LeatlierManuf. 100 600.000 410,600 J.&.l.
Manhattan'..
50 2,050,000 1,093,100 F.4 A
-Maniif.AMer." HO
R,100 J. ft J.
100,000
Marine
^I5,<00 J. ft J.
400,000
100
-Market
100 1.000,000 2W,600 .1 & .1
.Mechanics*
25 i.wo.ooo 931,500 I.&.I.
Mech. Assoc'n 50 500.000
77,200 M.&N.
.Meth'Ics & Tr. 25
600,000
128,800 M.&N.
Mrrcantlle
191,800 M 4N.
100 1,000,000
M<^rchants'. ... 50 3,000,000
815,400 J. A J.
.Merchauls' Ex. 60 1,000.000 224,000 1.4 J.
.Metropolis",
500,000
84,400 .1,4 J.
WO
Metropolitan .. UK s.fKio.noo f5P,000 J. 4 J.
Murray Hill'.. I: IK
a K 1,000
4,400 A.4 O.
Naesan*
•lO^OO M.4N.
101 1,(H>0,000
New Yorn. .. KKI 3,0(10,000 692.300 J.&
J.
N. y. County.. 100 200,000
87.7011 .1.4 J.
N.Y. N. Ei&, 100 800,000
73.500 F,4 A.
Ninth
20.100 J. 4 J.
100 780,000
No. America*.
29.200 1.4 J.
70 700,000
North ISlver*.
76.000 J. 4 J.
50 240.000
Oriental162,800 1.4 J.
29 300.000
Paclflc
50 422,700 * 10,900 Q-F.
Park
10012.000,000 510,000 1.4,1.
Peoples'" ....
85 4I2„'5(KI 117,30<J 1.4 J.
Phenlx
20 1.000,000 161,100 J. 4 J.
Produce'. ..
100 200,000
nr.
Repttbllc ..
\(m 1,5(H1,000 297,500 F.'i'X.
St. .Mlcholas...
100 1,000,000
185,300 F.4A.
Seventh tvard 100 300,000
57.MXI 1.4 J.
Second
100
67.400 .J.& J.
300,000
Shoe & Leather 100 1,000,000 241.100 J. 4 J.
Sixth
100 200,000
50.700 1.4 J.
State of N. y
100
800,000 no.ioo M.4.N.
Adriatic.
"Tji
•V.'*j.
J.
Jin,
Par.
'78!
'78.
Uroaiway
1,000.000 1,812,61'0
10.800
200,000
Butchers'.* Dr
43,100
900,000
Central
8.000,000 362.700
Chase
12.400
300,000
Chatham.
1B2.SO0
450,000
Chemical
S00,000 3.0SK.200
Citlzena'
19U,800
tlOO.000
City
1,000,000 1,929.800
Commerce .... 100 5,000,000 2,630,000
Continental.... 100 1,250,000 2»3,600
Corn EiCi.'ge*. 100 1,000,000 789,000
COMPASiat.
•
Ball's Head*...
1^
a
id
6«
'an!,'
May,
Jan
May,
,
3
9
loo
20
50
•25
4M..
Brewers'
25
Brooklyn
17
Citizens*
20
70
City
Clinton
201
Jan., '78. 4
117K
Jan., •76. 3
75
Feb., '78. 9
120
Jnly, '77. S
July, '76. 3
Oct., 17. 2M
loo
Broaiway
Amonnt
100
Columbia
30
(;ommerce Fire 100
Commercial ... 50
1876. 1876, 1877,
.800,000 -17,877 ;o
10
89
15
10
8
10
10
20
10
20
20
20
20
20
10
10
19
19
10
4
5
10
20
5
80
20
20
17«
18
9
9
26
Lut
Paid
Bid. Aak.
no
July. •77. 6
100
Jan,.
Jan..
Jan.,
Jan.,
Jan.,
Jan.,
'78.
'78.
'78.
'77.
•77.
'78.
Dec.
•'7.10
185
Feb., •77. 6
Feb., •78.10
190
9
7
9
1X9
IM
«S
100
«
8
9
to
Jan.. •78.10
.Ian.. '78.10
Feb.. '78. 9
Jan.. '78. 6
July,':?'•
Jan..
2,008 10
10
25
Jan..
1«4,80S 20
i.ooo.otx) tM»M,436 9-80 11-45 1250 Jan.,
30
20
Apl,,
300.000 41X1,781 30
Jan.,
1(6,672 14
14
14
200,000
10
Jan.,
3
200,000 -19,724 10
20
111,728 15
15
Feb.,
200.000
15
Jan.,
200.000 154,588 12« 16
15
97,688 19
12
204.000
10
10
luly.
150,000 —13,406
80,788
18
12
Jan.,
150.000
4,978
200,000
28,235
id"
Aug.'
200,000
«WI,951
10
10
1,000,000
Jan.,
30
30
Jan.,
500.000 608,039
118,152
20
20
200.000
Jan..
40
40
200.000 301,874
Jan.,
5
200,000 No fig's.
Jan..
Jan.,
200.000
lo"
'M,019
10
Jan..
150.000
1'2«.148
20
20
Jan..
500.000 653,808
10
10
Ian..
200.000
10
10
08,478
3,000,0fl<l 1,016,703
Jan..
10
10
lfO,00*l
Ian,,
10
80,481
10
Jan,.
500,000
18
134,1168
18
Jan.,
200,000
104,159
18
12
Jan.,
200,000
30,470
10
13
Mar.,
200,000
tll«,S18
10
10
150,000
Jan..
195,000
20
20
49,rj40
280,0(JO
10
Jau..
10
150,000
IB 1,1193
20
Jan..
80
1'2«,!I19
liOO,(KXI
10
Jan.,
10
10
180,000
07,935
Jan..
10
200.000 tliM,946
80
Jan..
80
10
300,000
80,494
Jan.,
10
11
200,000 192,806
Jan..
12
250,000 208,004
14
20
Jan .
•200,000
268,204
30
Jan.,
30
200,000
200,000
Paioa.
1
1878.*
18.896 10
200,000
'22.314 14
200.000
400,000 t211,702 19
72,177 10
200,000
-9,613 8
200.000
20<1,0fl0 No fig's. 10
100,572 10
200.000
892.121 30
300.0(K)
5
200,000
r'».
200,000 S00.'4« 80
153.000 204.888 80
800.000 t320.870 20
179.468 20
210,000
188.119 •20
250,000
loo
...
Bowery
TS.'S
'78.
'78.
iEtna.
Arctic
Atlantic
'78.15
Pine street.]
OlTIDBSIM,
Fnrplos,
lE« J""
M»y.
Am.Kxchange
Bowery
Bid. Ask.
7
Net
«t
'77.
s
9
w
lOfi
!KV
170
170
115
110
180
60
99
'7f.lO
'78.6 86 158
190
'78.10
IHB
lao
Continental.,.. 100
40
Kagle
105
KmplreClty.... 100
•78. 9
iii
Vpi!,'
i2
100
Kmporluin
....
'77, 3
iaii.. '78. SH
117^
Kxctiange
30
•78. 5
iS« ig« May, '78. 9
60
Farragut
•78. 7X 129
KM no
17
7« 7 Apr., '78. 3>,
Firemen's
•78 5
43
Feb., '74. 8
90
Firemen's Fund 10
•77. 9
"o
100
"e
110
May, '78. 5
Firemen's Tr .. 10
'7». 3
6
43
100
7
May, '77. 6
60
Franklin
7
60
May, "78. 3
100
60
8
Oebhard
''7(i."5
115
German-Amer. 100
'78. 5
ItiU
"s
50
160
•Ian.. •77: '3
Germania
'78.16
108
7 Jan., '78. 3« 101
50
1'2ft
'78. 5
102^ Globe
14
25
270
.Ian , '78, 7
Greenwich,
•78. 7>,
2U2H 205
8 .Ian,, •78. 4
100
Guaranty..
'77. 5
OH Jan., '78. 3
70
Guardian..
100
'78. 3>,
12
Jan., '78.
160
Hamilton .
15
'78.10
i»
8 Feb., '7H. 4
138
Hanover...
60
'78. 9
100
July, •75. 3H
Hoffinan..,
85
50
'78. 5
Jan., •76. 9
Home
100
'78. 9
80
;aD., '78. 3X
Hope
25
'78. 9
110
10
Ian., •78. 4
Howard...
131
133
50
'78 9
108
3
May, •77. 2W
Importers'4 T.. 50
'78. 9
OH
9
Nov., •77. 3H
Irving
100
'78. 9
8
May, '7«. 3^
30
';8 9
«0)i Jefferson.
8
175
lau,, '7-<. 3H noH
Kings Co.(Bkn) 20
'78.10
95
8
•lulv, •77. 3
Kiiickerbocker 40
80
'7;.. 6
';«.
160
140
Jan.,
'78. 8
Larayette(Bkn) 50
Sii
if"
108
103
Jan., '78. 9
100
Lamar..
'78. 5
iiiH
96
90
Oct , '75. 4
25
Lenox
'78. 5
('5
160
May, '7S. 2H
LonKl8l.(Bkn.) 50
'78. 8
Jau , •78. 3M
25
108
Lorlllard
'78. 5
i25
Ian., •78. 4
140
'78. 6
.Manur.4 Build. 100
4
luo
110
Feb., '78. 4
Manhattan
'78. 5
100
Jan . '77. 3
leo
Mech.&Trad'rs' 25
'78,10
175
15f),000
177,0'28
July, •77. 3
20
Mech'lC8'(Bku) 50
SO
7
Jan , '78.10 159
July.
to
200,000
49,042
10
Mercantile.. .
10
Jan.. •78, 5
50
90
'.li,- 1>»
'7>i. 5
200,000
191,016
20
i'2
J an
Merchants'
20
Jan., 78. 8
50
153
May, '78. 2X 129
200,000
114,916
20
12
Montauk (Bku) 50
18
Jan.. •78. 7
120
Jau , •78. 3
25
10
Nassau (Bklyn) 50
200,000 211,737
80
Jan., '78.10
200,000
103.519
16
Ian., •78, 4
14
102
10
National
Ian,, '78. 5
371^
id7
210,000 8'23,99«
20
Jan., '78. 3
80
20
N.Y. Equitable 35
Jan , '78.10 175 195
7
20O,flO0
178,79:
20
130
Jnly, '74. 3!,
17
New York Fire 100
Feb.. '78. 7
150
-26,013
Feh.. '78. 3
200,000
60
N. y. 4 Boston IfW
'
200,0<'0
-8,314
id" id' Jiiiyi '77. 5
Aug. •77. 2H 73
New York City 100
500.000 448,830
10
lid
Jan., '77. 3
Niagara
12
50
Jan., '78. 6
115
r.i4.141
12
Jan., •78. 5
350,000
11
North Klver.... 26
Apr., '78. 6 110
180
30
200,000 424,88a
Jan., •78. 5
Pacific
20
200 240
25
Jan.. '78.20
•2fKi.0(XI
1(12.661
20
Jan., •78. 3
80
I'ark
ICO
105
Jan.. '78. 6
l.'iO.OOO
206.026
80
80
May, •78. 3H 100
Peter Cooper... 20
180
Jan., '7810
Third .. ..
•78. 3
150,IX)0
108.888
20
100|l,0'i0,000
50
18
nil.
.Ian
People's
110
1.4.1.
.Ian , 'Z-i. 6
Tradesmen's..'. 40 1.000,000 8S6.SO0 1.4 J.
20
1'23
80
Jan., '78. 4
Phenlx (Bklynl 50 1000,000 769,612
131
Jan., '78 10
Union
3,256
200,000
140
.May, •78. 5
Produce Exch. 100
Jnn., '77. 3X 60
70
50 1,200,000 664,800 .M.ftN
West Side*
200.000
55,755
10
'78.
i3«
50
'78.
100
Jan.,
4
Belief
8S
200,000
77,400 I. 4 J.
Jan..
6
10
300.000
100
t8,324
10
Kepnbllc
July. '77. 5
76
200.000 -18,150|10
10
100
Resolute
July. '7-'. 5
i The figures In this column are of djte May Ist for the National banks, and of
60.747 11
200.000
13
100
i2"
Kldgewood
Ian.. '78. 5
date March icth lor ihe State banks.
200.000 208.78n'20
25
80
25
Kutgers"
150
Jan., '78.10
116,943 1-2^ 16« 18
Bonds.
100
200.000
City Railroad Stocks
Saleguard
1 an . '78
8 110
St. Nicholas
200.000
70
14,484 10
10
10
Feb., '78 4
80
25
[Gaa tjnotatlons by George H. Prentiss. Broker, 30 Broad street. 1
1»'i
11-6
200.000
'77.6-23
Standard
044
50
n-55 18 35 luly,
188
200,000
Star
12S,7!)2 12)^ 15
113
100
17J^ Jan.. •78. Tii
Gab Companiks.
Sterling
200,000
0'2,I84llO
Feb., •78. 9
100
10
10
95
Bid.
Period.
200,IK)0
Stuyvesant
146,366120
25
80
16
Jan , '78. 7 120
1-20
150,000
Tradesmen's.... 25
108,584 20
25
Jan., '78. 9
20
Brooklyn (Jas Light Co
5
25 2,000,000 Var.
160
250,000
ITnlted States.. 25
2-^8,64.31 16
126
16
16
Jan., '78. 6
Cltlzens'Uas Co (Bklyn)
iO 1,200.000 Var,
3
80
300,000
Westchester... 10
221,003 10
10
Jan., '78. 5
100
114
10
do
4ertiiicate8
i.eoo
100
„
SH
320.000 A.
•250,000
WllllamsbgC
408,14220
50
20
20
Jan., '78.10
199
:00
Harlem
50 1,850 000 f.4A. 3
8S
* Over all llabllllles. Including re-Insurance, capital and ECrlp.
Jersey City 4 Uoboken
t The surplus
20
170
38^.000 J. 4 J. 9
shows dcficieucle?.
re.Tresented by scrip Is deducteJ.
Manhattan
50 4.000.000 J. 4 J. 5
'.m
Metropolitan
5
133
100 2.SOO.0OO M.4S
City Securities.
do
certificates
X 102
V r. 1.000,000 M.4S. 3!4
Broker. 40 Wall Street.)
1 Quotations by DAmaL A. MoRAii.
do
botdi
108
1,000
600.000 J. 4 J. 3h
Mitual.N. T
75
100 9.000.000 Quar.
;.
IH
I»TXRB6T.
Pbios.
do
bonds
(102
1,000 1,000,000 F.4 A. 3^g
Bonds
iVassau. Brooklyn
80
as 1,000,000 Var
Months Payable.
Bid. Ask
due.
do
scrip
97
V»'.
700,000 M.4N.
Sew York
100
100 4,000.000 M.4N. i«
ffiW i'ork:
People's (Brooklyn)
27
10 1,000.000 I. ft J.
1811-63.
Feb.. May Aag.4 Not, 1878-1880 100
10 i
Water stock
5
do
do
bonds
1.000
82S.0OO F.4A
ll«4-57.
do
do
1878-1879 lOO 103
do
«
do
do
certificates,
Var.
300.000 J. 4 J.
do
do
1890
lOlJi 102H
Croton waterstock.. 1845-51.
5
Central of New York
85
90
486.000 F.4 A.
do
1883-1800 103
do
..185-i^.
do
108
n
do
WllHamaburg
95
50 1,000.000 Quar,
do
18*4-1911 104
108
do
6
Croton A(ined'ct stock. 18te.
do
scrip
100
Var, 1,000.000 J. 4 J.
May 4 November.
18.t4-1900 109
pipes and mains...
117
do
7
Metropolitan. Brooklyn
67
100 1.000.000 M. 4N
Feb., May Aug.4 Nov. 1907-1911 107
108
reservoir bonds
6
lo
Municipal
97
100 1.500.000
1878-1898 101
do
108
do
Central Pai k bonds. ISSS-S-?.
5
1877-1896 100
do
do
107
do
00
..185S-«5.
6
[Qnotatlong by H. L. Gbaxt. Broker, 145 Broadway.]
lie
May 4 November.
1901
117
1870.
Dock boods
7
1898
106
lOti
do
1^75.
«
B
1878
100
Feb. .May. Aug.4 Nov.
101
8
1860.
B
BlMdcer St.it FiiUonJ'€rrt/—%tk,
100
Floating debt stock
12
800.000
1894-1807
117
118
May 4 NoTCnber.
lat mortKaito
1865-C8.
J'ly.lOOO 90
OS
Market stock
7
1.000
694,000 J.4J. 7
109
106
1889
do
do
Broadwai/ »e Seventh Ave atk..
100 2,100,000 Q-J.
1869
6
70
Improvement stock
"^ Apr., '78
1879-1880 1(18
:14
do
lat mortKage
do
.lune,'84 100
do
CO
....186«.
7
1.000 1,600,000 J.40. 7
102
108
1901
100
3i4 May, '78 ....
do
Broollijn Ctiy— Block
Consolidated bonds
var.
do
170
6g,
10 8,000,000
1888
l8t mortijajje
6
do
do
7
var.
Nov., '80 104
110
Street Imp. stock
1,000
108K 106
800,000 ir.4N
IP5
1879-1882 102
•lo
Bro'trticat/ (BroQkls/n)—9tock..,
3
7
do
Apr.,'7« US
150
do
do
Tar.
100
200,000 Q-J.
1(8
January 4 July,
1806
loa
Brooklyn <ft Hunter'n Pt—atock.
New Consolidated
Oct., '78 "76
85
6g.
100
400.000 A. 4 0. 3
do
108
107
do
18»<
00
Westchester Conntv
Ist inortiraKe bond?
1888
7
7
1
1,000
SOO.IKK) J. 4 J.
Bwthwlck An. (/."t/yn)— stock..
65
100
5
,'yxi,(Kio
[Quotations by N. T. Basaa. Jr.. Broker, 3H Wall at.l
\^ntral Pk., S.A B. /Wp«r— atk.
100 1,800,000 J. 4 J. 8
Jan.. '75 65
•-00
95
CoQBoUdated mortgage bonds. 1,000 1,200,1100 J.4D. 7
1902
ArooJr^i/a— Local Dnpr'em'l—
Dry Dock, K. B. <t Bfitttry~9t^.
88
lot
100 1,200,1100 Q-F. 2
May. '78
1878-1880! 101
.'inoary 4 July,
City bonds
lit mortiCRKe, conii'd
lis
7 Jui,e.'93 ibd
102
1881-1809 100
do
5004c
noo,iK>o J.4D
do
do
Eighth Avenue slock
1919-1924 118
Jan., •'b
100 1,000,000 J.4 .1. «
do
do
Park bonds
118
Ut niorteaye
Jan., '84 loid
iVd
1903
1.000
do
do
2OS.000 J. 4 J. 7
Water loan bonds
lis
%ldSt. .ft firarul Si /arry-etock
1915
May, '78 120 125
do
100
do
748,0(» M.4N. 5
BrlJf^ebonds
l«t mortgage
1908-1906 108
115
Apr., '93 105
1.000
do
288,000 A.40. 7
ao
water loan
1881-1806 104
107
Central Cro«« town- stork. ...
40
50
100
do
600,000
4o
City bonds
Ut mortgage
98
NOT.1904 91
1,000
800.000 ii.it N, 7
May 4 NOTember. 1880-1883 103 108
Kings Co. bonds
1880-1886 108 US
BoH^ton, West ^t.ttfav,F't/—»XX.
13
in
-to
100
250.000
do
do
108
1984
lat mortgage
July.
89
500
500,000 j.iij. 7
January a July,
Park bonds
1007-1910 108
Second Atf en ur.—Btoc)i
60
100 1,199.500
2
Apr., '78
do
do
Brldg3d morcgaffe
Apr , '85 95 190
1.000
150.000 X:i?;-. 7
'All Bruotlyn o..nds Hat.
Cons. ConrertlJlc
90
May, '88
1.000 1,090.000 M.4N. 7
Jeraey
City,
St.,
'83
Montgomery
ZaBHisxis.
47
tQuotallons by C.
Extension
90
6004 c. 800.000 A.4 II. 7 Oct..
tUxifi Anenae- stock
May. '77 ....
100
750.000 M.4N. 5
Jerwy C'uy—
115
Ut morteag)
415.IKXI J.* J.
July, '90 105
7
1,000
101
103
1896
Jnly.
January *
Watei loan, long
T%ird At en aestoct.
May, '78 .... 130
100 2,0Of).00fl Q-F. 1(1
100
1880 1008 IOC
January 4 Juiy.
18e»-71
do
102
Ut mortifagH
July, -90' 100
1,000 .(,00l>,000 I.4J. 7
1877-1870 iu« !ioi
do
do
1866-60.
Sewerage bonds
100
I'mnlv-t/itra Street—910CIC
600.(HX1 J 4 J. 4
Feb., '78 90
100
107
108
1801
Jan.. May. July 4 Not,
Assessment bonds. ,.1870-71.
Ut.r«-f".'"'
««v. '9S'l00 106
250,000 M.*>J. 7
l.OOO
1906
J.4 J. and J *D.
Improvement bonds
107H lOt-X
1000
106 ll06
January and July.
1868-61.
This column shows last dlrldead on »tock>, but (he date of inatanty of bonds.
Bergen bond*
10
id
225
2S3
.
—
.
.
.
,
W
,
.
Can aud
and
4U
1
—
,
,
T^
.
—
—
W
UO
)
:
;
THE CHRONJCLE.
593
fVoL XXVI.
Interest on
Interest on
flrHt inortgngu bonds
$ J! 0,1100 nwuinie bonds
mption of Income bonds
Interest on Uolchoeter bonds
%nvicshntnis
For
.
,
.'.'. .'. .'.'.'..'.' '.'.'. .'.'.'.'
*
'*'
retb
. .
.V.'.V
1 35 GOO
.'.
1 4'oOO
30*000
"."
......'...!!!..'...!!.
1750
STATE, CITY AND CORPORATION FINANCES.
$70,760
STATEMENT OF KABNIKOS FOE THE TEAR ENnlNO APBIL
iNVBSTORB'SaPPLKMBNT
U publinhed on
tbe last Saturday
«f pnch montli, and furniahed to all regular aubncriberfl ot the
CHRONlCliB. No glntjlB copies of the Hupplrmknt are sold at the
otiici, as ouly a HuHlcJHat number is printed to supply re)i;ular
«abKcrib"rH. One number of the Suppi-bmknt, however, la bound
np with Tub Financial Ubvibw (Annual), and uan be purchased
In that shape.
Th«>
Operating expenses
80, 187r<0
whm
,
flteadily increased.
And
Tho
Tho
18i7,
were
$:74,855
196,731
the n«t enrnlUKS
KroBB otti 111 ifa from May 1, 1877, to Way I, 1878, were
operat.ng expenses for tho eame period wore
r
$77,483
1878.
Itiiltimore & Potomac Railroad.— The annual meeting of
stockholders of the B^illimoro & I'oioma: Riilroad company
.^as held this week in Baliiiuore, Hon. () ien Biwi
President,
in the chair, Mr. John Crmv, secretaiy.
he statement of the
president and directors for 1877 was read
The gross earnings from all sources were $040 822, of which
Waslil.igton line and tunnel were $005,799, and Pope's Creek
line $40,522, showing a decrease of $76,102, of which Washington line ani tunnel $73,094 and Pope's Creek line $:!,0G8.
The
decrtase is by comparison with the Centennial year, when the
passenger travel was large.
the l3t of June, 1877, tbe amount expended for construction account, exclusive of equipment, was $203,882.
During the past year the administration of the road has continued to apply Itself to the task of perfecting the road-bed and'
supplying the various deficiencies of the company.
have
purchased and laid 300 tons of steel rail, costing $13,699. We
Lave constructed at Cedar Ilill Junction an engine-house and
«mill machine-shop, where wo now keep our own engines, and
do all our own ordinary repairs, the total cost of which has been
about $5,803.
have also pu'chased a new engine at a cost of
We
We
$8,000.
During the past year tbe Colchester Railway has completed its
organization, and acquired its right of way from Colches'.er to its
junction with our road, a distaace of 8J miles. Under an agreement between that company and our company, we have ballasted
tho road, and furnished and laid the superstructure and the
road, since last October, has been operated by us.
Under the
agreement between the two companies, we have received from
the Colchester Hallway Company their entire issue of first mortgage bonds, amounting to $25,000, and we have also received
from them u lease of their road for 999 years, by the terms of
which we agree to operate their road, as part ol our main line,
duting tlie term of the lease.
The total expenditure for construction account and equipment during the past year has been $G2,O08.
You are referred to the table at the end of this report for the
detailed figures. The prospect for the future Is full of encouragement, and tbere is no doubt that your property. If pruiently and
wisely administered, will, in time, become of great value. It
would not, however, be just to you to withliold from you the fact
that the task of completing the load Is far from ended. Much has
been done in the past, but much still remains unaccomplished.
For the complete accomplishment of all the improvements ther
will be required:
For imp: ovement of grades
(lis 000
;
rails
lOO.'ooO
75,000
Total
«300,000
This work cannot be entirely effected from the surplus earnings
of the company, unless it were extended over a long period of
years.
Connection with tide-water would free us from the heavy pay-
ments we make
to tbe
New York & New Haven
road
would
enable us to largely increase our coal, lumber and other items of
local freight.
The combined result would during the first year
increase our net earnings over $50,090.
are satisfied, in view
of the small amount of your first mortgage, that $300 000 of bonds,
eecured by a semi-annual payment ot $10,000 on account of
principal, to be made from the earnings of tlie company, could be
readily disposed of at par, less a reasonable comiulesiun. Our
fixed annual charge for into est would be as follows:
We
;
si
188,41)
to
lirauch road
stockholders of this road on the
provisions of the act of the General
8ti5,l»«S
Company.
Forsticl
& Ohio.— The
accepted the
370 fll( to the State, said b mds to run ten years at 6 per cent
from July 1, 1878, in lieu of the capitation, &c,, to January 1,
'
For
inst.
AsBombly of Maryland to settle the pending controversies between
the State and the compiny. According to the resolution adopted
by the directors, April 10, as soon as all the arrangements were
perfected, there were to be declared five semi-annual dividends of
5 per cent on the stock of the Washington Branch. Accordingly,
the company has declared a 25 per cent dividend on the s'ock of
the Washington Branch, ami as the State holds $5.50, O&O of stock
In that road, it thus gets $137,500, which will be paid into the
State treasury \\\ accordance with the act of settlement. There
are also about
iO.UOO of the Washington Branch sto;;k held by
ii. Uviduals, the
ike dividend on which aggregates $12,501.
Tao
lalance of the stock in tbe Washington Branch, $1,000000, Is
held by the BiUimore & Ohio Company.
The other feitures of
tbe settleii .it, under the act of the Legislature, are that the
company pay $100,540 04 in money, as the amount of the gross
receipts tax on the Main 5tem & Washington Branch up to
Janua'y 1, 1S78, and deliver its bouds to thi amount of $J06,-
|<T.n02
And the net earnings
$77,483
There has been a very largo increase in the freight buslnetis.
•nd thi.s has been chiefly due to tlie development of the "all rail
freight train between New York and Boston. This business was
commenced in March, 1877, and the freight now carried exceeds
8,000 tons per month, and is constantly and rapidly increaning.
WIiIIh the profit derived from this buMiness is small, in consequence of the low rates which have been caused by the active competition of other lines, it is, nevertheless, remunerative, and
promises in the future to be a source of great advantage to the
Up
188 443
Netcarnlngs
10th
In the annual report, the Presldeut, Mr. E. E. Anderson, says;
taki'n possepsion of by the present manageThe railroad,
niunt, was in nn imomplete conditi'in.
It crossed most of the
declivities and valleys ovor which it passed by nipans of insecure
voodcn trestle-work, its grades wore faulty, the track contained
no steel, and Its rolling; stock was very scant. Liens to the extent
of 188,068, which ill part affected suoh rolling stock as it
possessed, and for tlio rest, represented (>bli(;aliou8 incurre! by
the trustees of the second mortgapre duriufj their admlnlstraii.; i.
and the expenses of the foreclosu c, were recoifiiized by tlieCoun
In the foreclosure of the road, on behalf of tlie present manaan
mout, as being entitled to payment before pos.^ession should be
given to us. The business of the road during the pastyri.r has
Tho ({rn»8oarnini{8 from May 1, 1876, to May 1,
The uporaling I'lpenaos for aaueporlud wore
15,889
$J65^
GENERAI. INVESTMENT NEWS.
Air-Line Raliroad.
(For the year ending April
101800
Total
„
Kaltlmorc
New York
$148,738
PaKsongcrs
All other sources
ANNUAL REPORTS.
Boston &
30, 1878.
Y'eStCal
t'lj
,
Tho total expenses were $534,5.34, of which Washington line
and tunnel $487,010 and Pope's Creek line $47,523, a decrease of
$65,070, of which Washington line and tunnel $51,585 and Pope's
Creek line $11,085. The net earnings were therefore $111,788.
The riquiromeuta of the service have been amply met, bridges
carelully maintained, roalbed and superstructure improved, and
the mileage of trackage increased, chiefly in sidings, wliich aggregated during the year 4,340 feet, at the moat important stations.
Ol the 58 miles of main track, single and double, between Baltimore and Washington. 39 miles are laid with steel, and 785 tons
of steel rail-i and 57,918 cross-ties were used in 1877 for repairs
and siding extension. It is In contemplation sh rtly to replace
the bridges on the Washington line with iron structures. Litigation growing out of the tunnel conatruclion has been settled.
The loyalty of the employes of tho company to their duties
during the labor troubles ol last July is fittingly complimented.
The report says " True t) their duties then, they now hold the
places and trusts which others at the time discarded and dishonored and afterwards vainly sought, and had withal, in cool
moments of reflection, the approval of their own judgments."
Directors for the ensuing year were elected as follows A.J.
Cassatt, George U. Roberts, George Small, B. F. Newcomer, Wm.
T. Walters, Dr. Eli J. Henkle, and Samuel Cox.
The board
re-elected Oden Bowie President; A, J. C'assatt, vice-president
John Crow, secretary and auditor John S Leib, treasurer.
:
:
;
Bnifiilo Corry & Pittsburg.— Trains have been stopped on
tills road, which extends from Broclon, N, Y., to Corry, Penn.,
43 miles, and was operated by the Allegheny Valley Railroad. Mr.
A. U. Barney, trustee for the bondholders, said that the road was
sold several years ago to the Allegheny Valley R.iilroad. and a
mortgage was given for a part of tho purchase money. Under
foreclosure of this mortgage the road was sold April 19, and
bought in for the benefit of the bondholders for about $70,000.
A deficiency judgment was obtained for uear'y a like sum. the
mortgage having been given for a little more than $150,000.
The parties in interest in these suits are the holders of the mortgage bonds ot the road, amounting to $700,000. Nearly $400,00'i cf
tUef.e bonds were amocg the assets of the old firm of Wells, Fargo
S Co., not transferred to the new company. It is understood
that operations will not be resumed on the road until some course
of action shall be determined upon by the bondholders.
linrliiigton & Missouri River Railroad Company in NeThe statement of earnings, expenses and net earnings
braslia.
for ilie month ending April 30th, 1878. and for four months of
tbe year 1878, as compar. d with corresponding time last year, is
—
as follows
rOR THE MONTH BNDINO APnIL
I'asi-onger
frelKht.
Mall and miscellaneous
Oross earninja
Kxpin«es
Net carniuKS
30.
Incrosso.
$15.9 S
1^78.
1871.
$.16,B.'0
$*i,647
10r-,0»»
13,311
4,786
5,019
U6,381
(18,978
77.3M
81,3:8
95,(»S
:« 95
34,688
17.S4«
i
Decrease.
$....
til,7U
iSS
(10,140
:
Junk
1878.
15,
THE CHRONICLE.
|
FOB rovn
u mat,
r^Msnger
riiou jANtiAiir
to april
1878.
187?.
DO.
ln<!r<r«>o
ttlMX
8V95;
»« i.rw
861,141
t0,886
498,787
I8»,I8«
809,030
ISI.IH
80,807
ai.n.n
i88,«li
ii»,i3:
169,101
51 ',4113
0,0
Krelcat
M.illV'd ml cellunennt
(iiMKi carnlDi{«
Kip'.-inc«
Ni'learnlugt
I
5i)W
>xp«nii>«, Ine'g
Dccrci'C.
t-...
i,o;n
A
A
IliCtl. &
llain &
Earnlnn.
Uln. Utm.
Darloo....
I>«yton
Mlrhf^'an
('111.
C'ln,
W
140,4lS
'
—
• Tills
ttii«
Item
company.
Che Cincliinall
263.
Ilml
pioni.
t,94«
|«,36M9t
ti.380,:07
pa,7(H
but
aaagaiiHt $1«»,M7 for
»l<,l>>8
i>\x i"
tlie full
rc»i
y>
Ilamljtnn ami
llio
'
I
l.'M.
|II8,9M
I7«,118
•386, «8t
fl'CII(?(»...
liicliKlos
iax».
$817.08
iDt'i^tanil
8a6.84g
195.068
8 -l,3iil
IrKllaiiup'a
•Total
Caiiiida Soiithor.i.
Kotlce In (?lven that the new mortimfra
for if M,U00,(XiO liRH become a HrBt lien on the property of lliis
coiii|jaDy. Hud holdcrR of the dnbrnture cerliScates ciin exchaii;;ii
them for bondn isiiuetj under the now mort^agH al the ofllce of
tB86.l).1
'
on the
tn.3i»
:<i.r6»
|.'.900,nro
(,f
nonds of
ben ptld, ilif l<i,.ii I'l npem'lng
Ititlroad would bavu biicn tlOlL-
your j,ruvluu».
aggregate operating expeotes of all the lines, for tho rear
ending M«rch 81, 1878. were 0340 per cent of the earnlnus, as
against 72 per cent in the previous year. The net gain, as compired with last year, due wholly to a larne decrease In expenses,
is: Cluclnnati Hamilton & Dayton,
f40,715; Dayton & Miclii(,'anl
$!i2,5Sl; Cincinnati Richmond & Chicago, |18,8sa; Ciuciuuatl
Ilamlllon & Indianapolis, $177,782; total. $aOD,l)82.
In regard to tho bonded and floating debt the report says
TheuuMersof tijird mortgage bonds of tills company, whiclr
Ccntfal Paclflc— From London newspaper.? wo learn in
regard to the lands of this company that, between 'he 1st of fell due June 1, amounting to $8.51,001), have all been paid, and
May, 1877, and Die 1st of .May, 1878, 124,128 acre.? wore sold, nt the mortgage cancelled, to do which thorn was a fund of .•iiI30,879
an average price of flSO'i per acre; and that on the 18ih of on hand at last rep irt. which hud been obtained from sale of tho
May, the trustees of tho Central Pacific Lind Grant bonds held in company's consolida.ed murlgage bonds, and the balance,$323,iai,
was made up by increasing the bills piyablo account, whioli, at
their hands $1,100,242 In cash and |l,G0a,012 in notes, applicable
to the payment of bonds.
Of the lands sold ta above, 87,706 the clore of the pres-nt fiscal year, was $372 885, as against
$240,11)0 at the end o' tha' previous, innking an apparent inacres were gold from Jan. 1 to May 1 this yeir, against 0,227
creae of $120,6&5, which, deducted from tho amount borrowed
for the same period in 1877.
It would be much tmre satisfactory
for
the above purpose, makes an actual reduction of the fioatinr
to liondholders in this country to have railroad iuforiuation of
debt of $90,424. and leaves in the hands of the compiny, unsold,
this char.icter Qrst published at home in the columns of tho
Chronicle and go abroad in that shape, r.ither than to wait a 250 bonds, less 5 put into the sinking fund. Tbe sinking fund of
the Cincinnati Hamilton & Dayton Railroad, as provided in the
month to get it back from L'>ndoa.
consolidated mortgage, has been paid to January 1, 1878.
Chicago & Michigan Lake Shore.— The holders of ov«r the
Clereland City Bonds.— The city of Cleveland, Ohio, will
requisite two-thirds of all tlie bonds of this company having
assented to the agreement dated May 10, 1877, lor the reorganiza- receive proposals until June 15, at noon, for a loan of $200 000
tion ol the securities of this company, notice is given that it is six per cent bonde, running twenty year.-", principal and intert.st
determined to proceed to a sale of the properly at once
Those payable in Now York. No bid for leas than par will be conbondholders who have not assented to the agreement, and desire sidered.
to parliciptte in the benefits thereof, can send their address to
Connecticut Western.— The defect In thif Connecticut WestCharles Merriam, agent of the committee of trustees, 20 Stars'
ern Railroaii's mortgage has been remedied by the signatures of
Building, Boston, by whom lull information will be given.
the President, Senator Baroum and two witnesses, who woro
Chicago Miiwaal(ec & St. Paiii.— The annual meeting wap present at the signing of the original document.
held in Milnaukee, June 8. The following directors were elected
Delaware & Hndson fnnal.— Of the $1,500,000 Delaware &
without opposition: Alexander Mitchell, Milwaukee; Julius
Wadsworth, New York; Selah Chamberlain, Cleveland; John Hudson Cnnal (Joinpany's 7 pur cent bonds, which matured Niv.
I, 1877, the sum of $1,482,000
was extended, bv agreement with
M. Burke, Walter S. Gurnee, Peter Gedde.s, David Diws, J. .Milbank, and Abraham U. Van Neat, New York; Georg« W. Weed, the holders, until November 1, 1891, the extension not to in anyBoston; John P. Plaiikinton and S. S. Merri 1, Milwaukie J. J. wise impair the security of the mortgage dated January 2, 1871.
Bowman, Kilbourn City, Wis. Subsequently the directors re- The Stock E change Committee have recommendel that thev be
elected the loUowirg officers: President, Alexander Mitchell; restored to the list next after 180l8,and called " Delaw.iro & HudVice-President, Julius Wadsworth
Secretary and Treasurer,' son Canal first mortgage extended."
R. D. Jenoiog.H Qenernl Manager, S. 8. Merrill.
Denver & Rio Grande. As to the decision rendered by
A dispatch from Milwaukee, June 13, says "The old-time
Judges Dillon and Hillett in the contest between tlifs ompauy
railroad war over the Lacrosse & Milwaukee Compau}'s bonds
and
the Atchison Topoka & Sante Pe, for the righ'. of way through
has been renewed in the United States Court of this district.
William Barnes of New York city has entered suit as truHtee the grand canon of the Arkansas, we are informed by connsei of
the D. Si R. G. Company that tho decision was on a preliminary
against the present Milwaukee & tit. Paul Company, and there
motion, and does not afltect the real merits of the case. "Tliere
is a slight prospect that the case may come to trial.
Tbe com- was a concurrent right in two rival companies
to constract tlielr
plaint covers 104 printed pages, and the claim is for about
respective roads through the canon and to " nse and occupy ihe
$3,000,000.
Francis Fellows, of Hartford, Ct., John K. Porter of
for that purpose.
The intent of Congress as expressed
New York, and Joshua Stark, of Milwaukee, are counsel for canon"
In tho second aeciion of the act of March 3, 1875, is that canons
Mr. Barms."
and defiles in the public domain shall not be monopolized by one
Chicago Rocic Isiaud & Paciflc— The Evening Pott money company. As both companie.i cannot go on with the work of
article says of the recent transactions at Chicago
We find the construction at the same time, and as the opponents of the Denver
facts respecting the proceeding] of the stockholders and directors & Rio Grande were prior in taking possesaiou, they worn allowed
ol the Chicago Uock Island & Pacific Railroad Company, at their
to go on with the work of grading, but enjoined from laying iron
recent meeting in Chicago in relation to the cancelling of the until furtbf r orderi". The Denver & Rio Grande to be at liberty
company's stock, and al»o in relation to giving the Btockholders to ask for further orders on showing that the Atchison "Topekn it
the benefit of the company's surplus, to be as follows:
Santa Fe are proceeding improperly, with a vi^w nnfairly to
1. At the meeting of the directors on the 31 instant a repolu
monopolize the entire canon. It seemj thui that the Drinver Sc
tion was pai'sed direciing the
resident and treasurer to cancel Rio Grande Company Is not precluded from constructing through
the certificates representing the forty thousand and two hundred the canon, nnd lis friends cinim that it may possibly be entitled
( 40 200) shares of the stock
owned by the company, which has to the exciuitive right, on showing that prior to the act of Congress
heretofore appeared in their reports as an asset.
of March 3, 1875, it located and adopted its line through th»
At
the
meeting
2.
of the stockholders on the 5th instant the cjnon by corporate acts.
preamble and resolutions were adoptei [as heretofore published].
The case is a good one for compromise, as neither company
3. At a subsequent m ^ting of the directors on the same day a res
rliould apparently be excluded from a right to run through tho
olution was adopted referring the matter of the apportionment ol canon.
sarplns to a committee consisting of the president, vice-president,
Detroit tc Milwankee.— A decision was rendered in the
treasurer and general solicitor of the company, this committee to
report on the practicability of suchapportioument, and a plan for Detroit & Milwauk e Railroad foreclosure suit by Judge R<>illy,
the same, to the directors for their future action. This committee at Detroit, last week. The holders of first mortgage Imnds
have not yet reported, and the direclora have had no meeting claimed that their mortgage covered the entire property and
But the mortgage, though specifying
franchise of the road.
since.
As the laws of Illinois strictly prohibit any scrip, stock or bonded right of way, track, bridges, culverts, buildings, says notbingr
dividend, and as the Rock Island company cannot part wiih the about rolling stock. Judge Reilly, titerefore, held that it does
He thinks the omission to mention
stock in which the
surplus has been
invested without not cover rolling stock.
losing control of tbe lines which the stock represents, it is rolling stock was intentional, and was so understood at the time
evident that whatever division is made must be in the form of tbe mortgage was executed. This decision, it is supposed, will
cash from the surplus net earnings from time to time as they still furtiier strengthen the friends of the Great Western scheme.
•ccrun; this, in all probability, will be added to the regular cash
District of Coiumbla.— The following is the full text of th»
dividends of the Chicago Rock Island & Pacific company.
provision concerning the Di.strict of Columbia 8 0.5 bonds as
Cincinnati Hamilton t Dayton.— Some of tie stockholders finally agreed upon by both houses of Coigren and made a part
have enjoined tlie wjrporation from paying tho int^ireot on the of tbe Permanent Government bill, which goes to the President
bonds of the Cinciana i Hamilton & IndianapoliM Junction railHereafter tbe Beero'ary of the TreMory ahall pay tbe intereit on tbaC'SSroad, and had asked the courts to foreclose the mortgage deed
bonds of the Diatrlci of Columbia luaed In piir-naDcc of ths Act of Congress
given on theC. H. & I. railroad, on account of defaalt in payment approved Jane 20. 1H74. when tbe fame vhill become due and piyible. and all
amoanta lo paid shnll be credlied as a part of the spproprlaUun for tha rnr
the Union Trust Company in New York.
Tlio bond.n are all for
$1,000 each, are due Janunry 1, 1908. intereat for the first threo
years b?ing 8 per cent, and thereafter S per cent, a d th- X. Y.
Central & Iludson Company guarantees the paymaut of this
Interest for the first twenty years, without any ftuarautee of the
principal.
They have been placed on the N. Y. Stock {Exchange
list after N. Y. Central & liudson bond.'.
I'lie
:
;
;
—
;
—
:
:
|
of interest.
—The
annual report for the
the following:
fiscal
year ending March 81 has
liy ih« Unliid Htaieii towards tbe eipeiuea of tbe OUtrlct of Colombui as
hereinbefore provided.
The
provision referred to
is
the one which requires CSongrcM
—
THE CHRONICLE.
600
annually to appropriate 60 per centum of the approved estimates
amount necessary to defray the total expenses of the
District Government during the ensuing year.
of the
Freight Rates
— Trunk
Line Agreement
—The managers of
the trunk lines in the well-known pooling arrangement met on
Tuesday and adjourned after referring to a committee the question of a continuance of the percentage allotment scheme.
The
committee on Wednesday reported that they found it impossible
to agree upon any percentages among the several roads.
A
member of the conference said afterwards to a World reporter
that the Michigan Central had demanded 35 per cent, the Lake
Shore & Michigan Southern 30 per cent, and the Pittsburg Fort
Wayne & Chicago Railroad 30 per cent, leaving next to nothing
for the Baltimore & Oliio. When it was found that the Chicago
committee could not possibly agree, all hope of effecting the
objects of the conference was abandoned, and President Ingalls,
of the Indianapolis Cincinnati & Lafayette Railroad, moved to
adjourn sine die. Before adjourning. Pool Commiesioner Guilford,
who was appointed last March, tendered his resignation.
Mr. McCulloch said that the failure of the jonference to accomplish its objects leaves the various lines to act each for itself, the
three-months' arrangement entered into last March having
terminated on Tuesday. However, the manager of one of the
lines running east from St. Louis said that the present indications
are that the St. Louis roads would continue the percentages
agreed upon in the three-months' arrangement. Of the five lines
all had positively consented to this continuance except the
Indianapolis & St. Louis Railroad. A representative of this latter
road thought that it also would favor the continuance. After the
adjournment of the conference a meeting of the Western executive committee was held, Mr. McCulloch presiding. It was
resolved to continue that organization. It was resolved that at
the call of the general freight agent of the Lake Shore &
Michigan Southern Railway a meeting of as man."- of the freight
agents of Western roads as are represested in New York be held
to arrange rates east of Indiiinapol s and Cincinnati on a more
renumerative basis than the present.
The I'ribune says: " The trunk line managers and the executive committee met yesterday afternoon, and in view of the abandonment of the east-bound freight pooling compact, it was decided to arrange the trunk line percentage on a basis of 20 cents
from Chicago, 46 per cent to be divided among the trunk lines,
and the Western roads to be left at liberty to regulate their eastbound freights as they pleased. Complaint was made that the
Canada Southern and Michigan Central roads had withdrawn
their cars from the lirie and North Shore line, and it was
charged that these companies desired to establish an independent line. Another question discussed was the charge that
the Grand Trunk line had been taking ocean freight from
Boston to the West much below the agreed tariff, and that in
other respects it had violated the apportionment scheme. Both
these matters were referred to Commiesioner Fink."
The report of the Chicago shipments for the period from March
11 to April 30 has been published, showing the following number
of tons of each class shipped by each route
:
Class.
•
Route—
First.
Central.. Ii3
Michigan
Lake Shore
Pittsb. Ft W.
....
1,'3
&C
C.&St. L..
Baiamoie & Ohio..
103
a
87
.
Pittsb.
Total
384
Second.
44
S5
30
,
Third.
935
Fourth.
806
l,aj8
«
>i
7>^
107
Special.
7,434
.
5,815
7,663
69 986
6i,851
33,839
82,346
13,193
31
3.33
207,680
3,087X
Total.
78 568
69,630
48 533
88,682
437
]S,703X
81,918
233,110^
The Railroad Gazette says of this movement " Of the freight,
0-16 per cent was first-class, O'Oo second class, 1-32 third-class',
89'07 fourth class and 9'dO per cent special. The three upper
classes altogether formed but 1-53 per cent of the whole. The
proportion shipped by each road was
.
:
Mich'fran Central
Lake Shore
&
Michigan Southern
Pittsburg Port Wayne & Chicago.
PiUsbnrg Cincinnati & St. Louis
Baltimore & Ohio
Total
.33 7 per cent.
29*9 per cent
20 8 percent'
9?percent
BOpercent.
100
"The
per
CBiit.
average daily shipments (excluding Sundays) were 9
tons of first class, 2^ of second class, 71f of third class,
4,828i
of fourth class and 509i of special freight, making 5,481 tons in
all
enough to load 18 trains daily of 30 cars each.
"On this business a difference of five cents per 100 lbs. makes
difference
a
of $5,421 per day. or about $1,700,000 per year, in
the net earnings of the railroads.
" The most striking fact shown by these reports, of which that
for Chicago ought to be fairly representative of Northwestern
shipments, is the utter insignificance of the higher classes of
freights.
It must not be concluded, however, that all freight
from the West pays only the lowest rate. lu the first place, live
Btock, which now pays about two and a half times the fourth-class
rate, is not included in the business reported, the division of that
traihc being otherwise provided for.
Again, in the special
freights are included the fresh meat and other refrigerator-car
freights, cheese and some other articles which do not fig«re in
any of the other four classes; but the chief exception is cured
meats, lard and other hog products, which form an enormous
amount of freight from the Northwestern packing cities, and
which usually pay considerably more— a quarter or a third more
than fourth class freight. This Is not the case now, however;
hog products, like grain, pay the lowest rate— 20 cents per 100
lbs. from Chicago to New York.
Now the Northwest has eubetantially all its freight, except live stock, carried by rail to the
East at a price equal to 044 per cent per ton per mile by the
Bhortest route a rale which may be good lor the shippers, but is
eminently disastrous to the carriers."
—
—
[Vol. XXVI.
&
Canal Preiglils.— The Buffalo Commercial says The
long navigation-season and strong competition from the
railways is seen in unusually low freight averages. The following comparative exhibit, showing the average rates from Chicago to Buffalo by Lake, for the month of May, on wheat and
corn, and also the average from Buffalo to New York by canal, on
the same cereals, tor the seasons named tell their own story of
"hard times" lor carriers:
Lalve
:
effect of a
Lake.
.
,
Canal
.
Wheat.
Corn.
Wheat.
Cts.
2-5
CIS.
2-2
Cts.
1877
3-5
1876
187S
1874
1873
187a
30
a»
87
3 9
3-7
4-5
7-4
8-0
4-5
40
65
50
4-4
1E78
1871. ..
,
.«
1870
5-8
5-8
6-7
7-4
11-7
11-8
18-8
11-5
11-5
7-4
41
,
Conj.
Ct«.
5-2
60
BS
66
IflS
lOe
118
10-5
lO'
be observed that the average for last month is just half
that for May, 1870, when vessel-owners supposed they had got ag
low as they could and live. Nevertheless, only the very largest
and most economical vessels can be operated at these figures, and
there is no money in them even then.
It will
Leayenwortli Lawrence
advertised for June
5,
& Galveston.— The
sale of this road,
has been adjourned to Wednesday, July
10, 1878.
Missouri County Bonds.— A meeting was held at Mexico,
Mo., last week, composed of representatives from the counties of
Scotland, Ralls, Boone, Jackson, Knox, Sullivan, Howard, Lincoln,
L'nn, Cass, Pike, Franklin and Randolph. The object of the
meeting was to consider terms of compromise with their bondholders. The debts of the counties were said to range from
It was proposed that heavy assessments
$1,300,000 to $79,000.
should be levied upon all candidates for office, and the proceeds
be used to pay attorneys and defend the suits of bondholders.
The speeches were violent and denunciatory, and it was claimed
that the bonds were illegal. The following preamble and resolutions were adopted
Whereas, The people of counties and townships represented in this convention find themselves oppressed by overwhelming, unjust and fraudulent
:
bonded indebtidness, created, as we
believe, without authority of law;
therefore, fully recognizing the fact that the welf.-ire of all good citizens
depends upon the supremacy of law, and deiiounc'ng with scorn ary imputation that we propose any violation of just obligations, but realizing the
unquestionable advantage which may result from concert of action in resisting
the powerful interests which have been corruptly combined against the
unfo.-tuiiate taxpayers of defaultinK counties of Missouri; be it resolvedFirst— That we recommend the formation of a State organization of
counties, townehips and other communities now pursued with unjust claims,
and the immediate lormation of proper locil organizations in order effectually
to carry out the objects of said State organization.
Second That we advise the appointment of a central committee of one
member from each county, who shall organize such open, lawful resistance aa
may be deemed advisable, and that a fund of at least $10,000 be placed in their
hands, which fund shall be raised by voluntary subscription of the people for
the purpose of accomplishing legitimate objects, uot including fees of attorneys or other expunges which the respective county authorities are authorized
to provide for.
Third— That a committee of five be appointed to prepare an sddress to the
people of Missouri; and that this convention adjourn to meet at Macon City
on the fourth Tuesday in August, 1878.
—
—
Montclair & Greenwood Lalie. At a meeting of the various
security holders of this company, the following were appointed
a committee to prepare a plan in reference to the sale and reorganization of the road: Cyrus W. Firld, M. K. Jesup, Edward
Cooper, Samuel J. Tilden, Egbert Starr and George W. Stanton,
of New York
A. W. Benson, of Brooklyn; Arthur B. Elliott,
of Troy; and Henry S. Pierce, of Scranton, Penn.
;
New Yorlj Lalce Erie & Western (Erie).— A comparative
statement of earnings and working expenses of the Erie Railway
for the month of March, 1877 and 1878, is published in London
by the reconstruction committee.
1677.
Gross earnings
Working expenses
$1,170,714
797,114
1873,
$1,147,207
SIS.0&)
$3il.838
Neteamlngs
$373,569
net earnings for the first six months of the financial year
exceed those for the same period last year by $746,204.
The directors of the New York Lake Erie & Western Railroad yesterday adopted a resolution to lay a third rail front
Waverly to Jersey City, a distance of 256 miles. The Executive
Committee was instructed to act with the General Superintendent in having the work carried on, and to arrange also for the
purchase of the necessary equipment for narrow-gauge service.
The line from Waverly west to Buffalo, and portions of the road
between Waverly and Jersey City, are already supplied with &
third rail, so that only about 200 miles of new rails are necessary
to furnish a full narrow-gauge road between New York and
Buffalo.
Bids were opentd yesterday for Beesmer steel rails for
the proposed improvement of the line, which average $44 75 pet
The
—
ton.
—
Northern of New Jersey. Notice is given that the holders
mortgage bonds of this company who are willing to
extend the payment of the principal of their bonds for ten years
of the first
from July 1, 1878, at six per cent interest, will please call witll
their bonds at the office of the company. No. 197 Reade street.
New York, before the 1st of July next, to sign the extension, and
receive new interest coupons.
Those holders who are not willing to make the extension at
the reduced rate of interest will be paid, according to the terms of
the mortgage, at the office of the company.
This is a good, fair arrangement, and bondholders will be more
likely to take new 6 per cent bond^i so well secured, from the
very fact that no attempt is made to force them to extend.
i
..
:.
June
.
..
—
.
:
THE CHRONICLE.
15, 1878.]
601
COTTON.
fniDAT NiOHT, June 14, 1878.
Jute has been cold, wet and unseasonable till trithin the past
da; or two, and trade that depends upon warm weather has consequently been kept much in abeyance. An improvement in this
regard may now be expected. Prises the past week have generally tended downward.
The speculation in breadstuffs and
provisions has been followed by more or less re-action, and in
other staples reductions in quotations have been made, except in
cotton, which has further advanced, but with a fitful, feverish
On
the whole, the feeling in trade circles is one of
depression, which is not a little contributed to by the CDnstant
meddling with currency questions at Washington.
The speculation for advance in pork has been checked and the
close today wag nearly nominal, at tlO for mess on the spot and
the next two months. Lard further improved early in the week,
but closed quiet at $7@7 05, spot and July $7 10@7 12^ for
August and f 7 all the year. Bacon is firmer and was lairly
active to-day at 5J@5Jc. for Western long clear. Cut meats have
been active at full prices, the sales being liberal of pickled rib
bellies at 5@5|c. and pickled Western hams in tierces at 8i@9ic.
Beef and beef hams are without essential change. Butter slightly
improved, but closes dull. Cheese has been higher, but closes
easier at 7(a8ic. for good to choice factory.
Stearine is firmer at
"i@7Jc. for prime to choice. Tallow is dull at 7 l-16@7ic. for
prijie.
The following is a comparative summary of aggregate
exports from November 1 to June 8, inclusive
market.
FuiDAY, P. M., June 14, 1878.
Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (June 14), the total receipts have reached 11,231
bales, against 13,380 bales last week, 18,2i0 bales the previous
week, and 19,732 bales three weeks since, making the total
The Movement of the
COMMERCIAL EPITOME.
;
;
receipts since the Ist of September, 1877, 4,219,715 bales, against
3,933,563 bales for the same period of 1876-7, showing an increase
since Sept. 1, 1877, of 296,153 bales.
Tlio details of the receipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows:
Receipts
New
tills
Orleans.
w'k at
1877.
1878.
1876.
1875.
1874.
--
2,146
2,543
3,232
1,031
3,828
181
243
231
1,063
2,068
1,507
11
1,898
1,052
607
418
313
763
333
239
996
Port Royal, Ac.
866
361
92
Mobile
Cliarlcston
Savannah
Galveston
Indiauola, &o.
Tennessee, &c..
Florida
North Carolina.
.
week
.
1.
1,489
38
642
42
1,225
5,836
1,588
276
107
7
143
12
498
237
1,714
1,117
1,376
2,161
262
62
27
38
3,020
5
11,231
8,526
8,4-44
12,838
12,163
City Point, &e..
Total since Sept.
1,818
171
2,510
Norfolk
Total this
480
230
5
4,219,715 3,923,56214,037,057 3,435,134 3,740,150
:
Pork. Ihs
43,566,800
Bacon cut meats, lbs. 483,060,161
Lard, 11)9
837,783.913
&
Total, lbs
3,2-26,800
100,587,
32J.23.i,41S
704,436,861
Decrease.
Increase.
1876-77.
40,359,000
187(-':8.
;.S9
16«,659,739
85,130,174
615,231,161
169,184,713
The market has been dull for Kentucky tobacco, and
for the week were only 350 hhds., of which 50 were
the sales
for con-
sumption and 300 for export prices, however, remained firm
lugs, 2J@4ic and leaf, 5^13c. In seed leaf the movement has
been unusually large, the sales exceeding 3,000 cases, and em-
;
;
,
bracing a large line of new crop Ohio, as follows 124 cases,
1877 crop, New England, private terms 100 cases, 1876 crop,
New England, ll@I9c.; 630 cases, 1877 crop, Pennsylvania, 9@
12c.
400 cases, 1876 crop, Pennsylvania, 7i@30c 2,335 cases,
1877 crop, Ohio. 7J@8c.; and 43 cases, 1877 crop, Wisconsin,
private terms. The movement in Spanish tobacco has been to a
fair extent, and sales included 600 bales Havanaat 80c.@f 1 10.
Brazil grades of coffee have continued quiet early in the week
a decline took place to 15J@16ic. for fair to prime cargoes Rio
the movement, however, kas not been augmented thereby. Stock
here in first hands on 12th instant, 94,570 bags. Mild grades
were in steady sale at about previous prices. Late transactions
include 9,000 mats Java, ex " Macassar,' sold before arrival, on
private terms 3,233 bags Laguayra, ex " B. J. Willard,"on private
terms, and 7,(548 bags Maracaibo, 213 bags Laguayra, 187 Costa
Rica, and 610 Mexican, in lots for consumption within our range.
Rice has sold very fairly and at good, firmer prices. Molasses lias
continued dull and nominal 50-te8t Cuba refining quoted at 'S'lc.
Refined sugars have latterly been quiet standard crushed quoted
at 94(a9}c.
Raw grades have continued quiet, with more or less
The exports for the week ending this evening reach a total of
19,103 bales, of which 9,216 were to Great Britain, 7,354 to
France, and 2,632 to rest of the Continent, while the stocks as
made up this evening are now 217,096 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
EXrOKTED TO
Week
ending
Great
Jimo 14. Britain.
N. Orl'ns
1,683
France,
7,054
this
Same
Week
Week.
1877.
Total
Continent.
1,917
11,654
1878.
17,705
:
;
;
;
;
;
:
;
;
;
weakness noticeable
fair
;
good refining Cuba
to
1,
1878
Receipts since June 1, 1878
Sales since Jane 1, 1878
Btock June
June
1878
13, 1877
18,
5,22:
.
1,066
204
.
2,894
2,003
1,636
200
9.216
7,254
Hhds.
Boxes.
Bags.
51,139
87,831
17,183
61,782
84,868
1S,03S
116,090
773
l.;4,S63
8V.3
118,640
119t<2
14,67S
137,70-J
Melado
9.8
8 8
713
1.088
1,378
100
615
3,194
2,003
2,251
2,632
19,102
7,790
14,182
4,108
47,611 92,113
5,695 10,805
1,182
2,834
-2,696
5,825
5,548 15,484
131,925 141,175
2,439
6,305
20,000 35,000
Tot. this
week..
50,271 217,096 309,541
Tot.since
Sept. 1. 2079.648 493,049 665.505 3238,202 2925,679
* The exports this weeK under the Uead of " other p >r&8" Include, from Baltimore. *^15 hales to Cantlaent from Beaton, 1,536 bales to Liverpool from Phlta:
;
delphfa, .UOiiales to Liverpool.
In addition to above exports, our teleo-rams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
add also similar figures for New York,
the ports named.
which are prepared for our special use by Messrs. Carey, Yale &
Lambert, 60 Beaver street
We
quoted at
7i@7|c.
Stocfe .Juno
Mobile
Charl'fu
Savan'U.
Galv'fuN. York.
NorfolkOther*
1877.
On
June
14,
at-
Liverpool.
Now Orleans.
Mobile
13,000
2,746
None.
None.
3,500
Shipboard, not cleared— for
Other
„
France,
porelsn
Coastwise.
400
200
1,000
None.
None.
None.
None.
2,764
None.
800
None.
None.
Leaving
™„j„,
Total.
14,600
2,746
Stock.
33.000
2,949
Ut.SST
800
None.
1,896
Savannah
market has presented more tone and regular- Galveston
None.
None.
5,548
ity during the past week than for some time previous; the export New York
6,264 125,661
None.
demands have been better, especially at the Southern ports.
24,410
169,054
1,800
400
2,964
Total
19.246
comSpirits turpentine was quoted to-day at 30@30ic., and firm
mon to good strained rosins at %1 50@$1 55. Petroleum has
From the foregoing statement it will be seen that, compared
been rather dull, but in the main steady; crude, in bulk, quoted with the corresponding week of last season, there is a decrease
at 7ic.,and refined, in bbls., at ll|c., June and July deliveries. in the exports this week of 31,175 bales, while the stocks to-night
The business in pig iron, whether American or Scotch, is at a are 93,445 bales less than they were at this time a year ago. The
standstill, and all prices are nominal, with a tendency toward a following is our usual table showing the movement of cotton at
lower basis. Rails are firm, with a rumored sale of 20,000 tons all the ports from Sept. 1 to June 7, the latest mail dates:
steel, deliverable in the next few months at the Erie track, at
RECEIPTS SINCE
EXPORTED SINCE SEIT. 1 TO—
$44; this, however, needs confirmation. Ingot copper was quiet
SEIT. 1.
Stock.
Other
Great „
but steady at 16|@16ic. for Lake. Hides have latterly been more Ports.
Britain. France. Foreign Total.
1876.
1877.
active and steady; sales to-day include 30,000 dry Entre Rios and
Btocii
The naval
stores
;
Concordia, mostly sold in Boston for this market. Whiskey closed
$1 08®$1 08i, tax paid.
There has been a very large movement in ocean freights, both
of berth and charter tonnage all rates have been more or less
steady, except that for the latter some irregularity has been
noticeable at times.
Late engagements and charters include
Grain to Liverpool, by steam, 7i@8id. per bush.; cotton, 15-64d.
per lb.; bacon, SOs. per ton; cheese and butter, 40s. per ton;
clover seed, hy pail, 25s. per ton grain to London, by steam. 9id.;
flour, 3s. 6d
grain, by sail, 8@8id.; flour, 23. 3d.; roa'n, 2j. 7id.;grain to Avonmoulh, by steam, 8i@9d. do. to Glasgow, by
steam, 9;39^d.; fl)ur^to Bristol, by steam, 3s. 9d.; cheese, 459.;
grain to Bremen, by sail, 8d.; do. to Cork for orders, 5j. lOJd. per
quarter. To-day rates. w, re about steady, with a fair busin-S''.
Grain to Liverpool, by steam, 8id.; do. to London by steam, Jlid.;
do. sail, 8id.; do. to Copenhagen, Os. 3d. per qr.; do. to Antwerp,
5s. 9d.; refined petroleum to the Baltic, 4s. 9d.,48. 10id.@5s.; do.
in cases to Alexandria, 30c. gold; do to the Levant, Sl^c; crude
*'-
;
;
;
N.Orlus, 1359,741 1169,375
409,338 355,485
456,371 466,874
587.164 469.644
G.alv.*
440,460 498,279
N.York 142,442 120,041
Florida
14,199
20,373
N. Car. 141,465 127,961
Norrk* 500,558 516,812
Other.. 156,746 140,192
Mobile
Char'n'
Sav'U
.
786.379 317,367 300,193 1404,139 60.801
7,607
103,635 26,146 31,566 161,347
2,156
131,935 70,353 103,584 305,874
3,607
176,247 36.351 138,748 351,346
6,550
186,172 26,971 11,291 224,434
5-,550 36,234 350,415 146,751
308,631
33,007
154,684
187,742
1,780
1,075
19,890
2,929
18,438
66,677
158,088
206,180
407
5,637
20,300
;
do., in bbls., to
Havre
or Bordeaux, 43. 6d.
This yr. 4208,484
070,432 485,793 662,873j3219,100 234,016
3915.036 2023.057 442.370 409.973 2875.402 350.092
• Unaer the head of CHarlalon Is Included Port Koyal. Ac: under the head ot
GalvetUin Is inclaJel ludlanols, &c.; under the head of Aor/oU Is Icclnded Cttj
Lastyr
Point, &c.
These mail returns do not correspond precisely with the total
of the telegraphic figures, because in preparing them it is always
necessary to incorporate every correction made at the ports.
«„
6
.
.
—
..
:
8
:
THE CHRONICLE.
602
There was a strong and buoyant market for cotton on tlie spot
good demand for home consumption, with
early in the week.
some business for export and speculation, were the prominent
features. Quotations were advanced 1 -16c. on Monday, and again
But at this
l-16c. on Tuesday, to ll^c. for middling uplands.
A
Bale?.
rt".
11-64
li-65
11-66
11-67
11-68
11-69
.SOO
8.800
8,300
e.GOO
10,700
4,>i0fl
[Vol.
Ct4.
400
1117
U-18
Fales.
11-19
11-20
11-21
ii-aa
11-23
11-24
11-25
1,600
1,300
1,000
1,000
700
3,100
2100
600
800
For Ma
For December.
Balep.
ctB.
11-02
200
(tl.
Ct;,
ra'es,
11-24
100
100
1103
1104
11-30
11-34
11-85
11-38
200:
11-05
11-06
11-07
11 10
11-11
700
XXVI,
400
100
U-45
100
advance, the market on Wednesday and Thursday ruled quiet.
l.ROO
900
U-71
11-72
l.tKKl
600
1.000
All low grades were advanced
To-day, quotations were revised.
11-78
111^
1126
1.000
300
the high grades were advanced l-lGc, except " fair," which
^c.
11-74
1.300. ........11-27
500.
1113
11-75
11-,
11-14
4.000...
For April.
600
was advanced 5-lOc. low middling and middling remained un11-34
11-29
2.100
200
changed. The market was active for export and consumption. 84,500
11-80
11.38
100
8,000
400
11-.16
For September.
400
For future delivery, the first half of the week, the specul:.uon
11-38
11-86 10,800
For Ja:.uarv.
500
200
was nearly at a standst'll, owing to the absence of advices from
11-38
1108
1139
1,000
500
100
11-43
Kovember.
For
100
1109
100
1,000
11-S9
Liverpool, that market having been closed for the Whitsuntide
11-44
11-03
;i-io
4,800
1140
30O
200
100
Saturday, however, was rather dearer, a feature being
holidays.
11-04
11-45
11-41
500
500
1114
100
2,600
11-05
11-16
11-40
400
1,700
ll-'IZ
1,400
200
that the advance was only for the summer and early autumn
11-43
700
11 06
300
U-18
1.300
11-07
months, thus reversing the recent course of values but on Tues11-44
11-19
100
4.700
400
1,800
11-46
11-08
700
8,900
day, the winter and spring months again showed the most
11-09
11-46
5,700
600
On Wednesday, Liverpool opened active and buoyant, 4,700
11-10
strength.
500
For Mny.
U-47
11-47
For FebruarT.
l.SOO.
1111
8,600
.. 11-48
100
and we advanced GfflS points, carrying us 8(3)10 points above the
11-50
11-49
1112
700
100
11 14
100
2,800
11-52
11-13
11-16
11-50
400
100
close on the previous Friday but yesterday, although the re400.
100
...
11-14
11-58
11.0...-.
11-17
900
400
port from Liverpool was again favorable, most of Wednesday's 48,500
11-15
2C0
1,300
1125
"too
advance was lost. The bull party were free sellers to realize,
For October.
11-16
100
500
9,700
and by many of the more conservative it was doubted whether,
following
exchanges
have
been
made
during
the week
The
we
safely
parity
of
foreign
markets,
can
being much above the
-19 pd. to exch. 100 Sept. for Jan.
continue to push up values. Early in the week the crop reports -15 pd. to exch. 400 Sent, for June.
from the Southern Exchanges were published, advising a slight
The following will show the closing prices bid for future
increase in the area planted, and generally favorable conditions, delivery, and the tone of the market at three o'clock P. M. on
but some parts suffering from excessive rains they attracted, the several dates named:
however, very little attention. The first report for the season,
SIIDDI.ING UPLANDS— AMERICAN CLASSIFICATION.
from the Agricultural Bureau at Washington, is expected to-morFri.
Sat.
Mon.
Tues.
Wed. Thura. Fri.
Market— Var'blo. Firmer. Easier. Firmer. Higher. Lower. Lower.
row or Monday. To-day, futures were variable, but generally
11-56
11-59
11-38
11-38
11-64
11-59
11-56
June
slightly lower towards the close.
11-62
11-63
11-70
11-65
11-61
11-64
11-(J3
The total sales for forward delivery for the week are 207,900 July
11-67
11-75
11-70
11-65
11-67
11-67
11-68
August
free on board.
For immediate delivery the September
bales, including
11-43
1-38
11-49
11-45
11-41
11-40
11-42
1
11-20
11-18
1119 11-21 11-29 11-26 11-24
total sales foot up this week 10,582 bales, including 1,387 for October
11-13
11-10
11-03
11-07
11-15
11'05
1105
export., 8,305 for consumption, and
990 for speculation. Of November
11 '05
1105 1104 11-06 11-14 11-12 11-09
December
the above, 50 bales were to arrive. The following tables show January
11-15
11-12
11-19
11-17
11-09
11-08
11 09
the official quotations and sales for each day of the past week:
February
1116 11-17 11-15 11-19 11-25 11-25 11-21
—
ll-IO"
17,600
15.600
3,700
4,400
6.200
5,600
—
300.
;
;
I
,
;
—
UPLANDS. ALABAMA.
June S,
to Friday, June 14. Sat. nion Sat.
8atu,-(l.ay,
Ordinary
^
9%
lb.
Good Middling....
Strict Good Mid...
Middling Fair
Fair
Ordinarv
^
Strict Ordinary
9^8
10%
1*
11%
lOTs
11»8
115i6
llMs
Mon.
99l6
9i»io
107,0
1015,0
113,6
11%
n9,„
ll»io
111310 1178
llisie UTg jlllSio
123,0 1214
121a
123,6 I2I4
12% 1211,8 12% I21I1 12%
133,0 1314
131s
133io ISU
11%
11%
ll''l6
9%
9!'l8
ll''l8
121,8
129,8
131,0
111*16
1218
121,6
12% l?0l6
I3I8
ISiin
Tneii
Wed Tnes Wed
Tnes Wed Tnes Wed
9%
9% 9% 9%
978
912
9'8
978
912
9 '8
Good
Ordinai-.v
10%
10%
10%
10%
IOI2
Strict
Good Ord...
1078
lO's
It's
11 = 18
1078
Ills
11°I8
lO's
11
Low
lb.
.
11%
Middling
LowMid
115,0
111.2
Mlddlli]g
Good Middling. . 11^8
Strict Good Mid... l'23l6
I2II10
Middling Fair
Strict
Ordinary
>|9
lb.
:
Ixiw Middling
LowMid
strict
Middling
Good Middling
Strict Good Mid.
Middling Fair
Fair
.
Fri.
11%
lllfl
Xll.
9%
9I2
10
11%
11%
Th. Fri. Tb.
Fri.
I
I
9%
Oio
97s
10
Strict Ordinary... 978
Good 0,-dinar.v
10%
Strict Good Ord... 1078
10
10
9%
9%
10
10
lOli!
10%
10%
10%
1078
107fl
1078
11
III4
9%
10%
10%
10
11
11
10%
Quiet.
Quiet.
100%
1O078
4.82I3
4-8212
as made up by cable and
The Continental stocks are the figures
telegraph, is as follows.
of last Saturday, but the totals for Great Britain and 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 141, we add the item of
exports from the United States, including in it the exports of
Friday only:
1875.
1878.
1876.
1S77.
858.000 1,004,000 1,026.000 1,003,000
Stock at Liverpool
108,250
12,000
47,000
31,750
Stock at Loudon.
III4
Total Groat Britain stoclj
.
11'',
11%
ock at Mai-seillcs
Stock at Barcelona
Stock at Hamburg
Stoi-lv at ]U-cmcn
Stock at Amsterdam
Stock at Kotti-i-dam
Stock at Antwerp
Stock at otlier conti'ntal ports.
SI
Fri.
9%
10%
10%
870,000 1,111,000 1,077,750
187,000
230,000
221,730
6,500
11,000
8,000
91.250
51,500
54,000
17,000
15,000
7,000
55.500
41,750
71,000
79,500
66,000
39,750
15.500
12.250
11,500
18.750
6,500
8,2,50
16,000
22,750
18,250
439,750
Total continental ports
11
III4
470,250
1
493,250
,111,250
164.500
8.750
81,250
14,750
38,2.50
41, '2.50
10,000
4.230
15,000
378,000
Total European stocks.. -.1,300,750 1,581,250 1,571,000 1,489,250
5(17.000
351,000 445,000
India cotton afloat for Europe. 183,000
222,000
193.(XK)
220,000
Amer'ii c(jttou alUiat forEui-'pe 151.000
67,000
22,000
10.000
24,000
Egypt ,Bi-azil,L'ic.,artt tin- E'r'pe
2.50,858
326,702
309,541
Stock In United .States ports .. 217,090
25,606
46,608
18,071
31,380
Stock in U. S. interior iiorts..
2,000
2,000
11,000
8,000
United States c: p.>rts to-<iay
III4
HI*
Ills
11% 11% 11%
115jo '11^10 115i6 115l6 IHio 11",6 ll''l8 ll''l8
1112
Ilia
11% 11% 11% 11% 11% 11%
lllSjo 12
1115,( 1178
121,8 12
12iie
125,0 112%
123,6 I2I4
125,0 12%
123io I2I4
1211,, 12%
121116 12%
1213,0 1278
1213i, ,127^
133
133,6 13%
13% 13o,„ 13% 135 113%
.
I
.
Total visible supply. bales.l, 896,917 2,528,171 2,606,310 2.653,714
STAINED.
Mon [Tues Wed Th.
Sat.
11-31
11-41
11-52
11-60
11-35
11-45
11-53
11-60
TuE Visible Supply op Cotton,
1178
12
12
ll'^S
12
12
123,6 123,0 lfi3,o 125,6
125,0 125,0
I2II16 I21I10 12li,8 1213,0 l'2iiie 1213,0 1213,
13;:,^ 133,,, i:i3,„ 135,„ 1H5,;
i:^3
Xll.
10
1013
IOI2
IOI3
11
11
11
11 '4
III4
llifl
III4
11^18 ll'l8 ll''l6 11'',
im
11^8
lllf!
.
Fnir
91.3
11-26
11-24
11-28
11-35
11-37
11-35
11-39
11-45
•45
11-45
11-48
11-54
11
May
11-65
11-60
11-60
11-60
Transfer orders 1160
Firm.
Steady. Steady. Quiet. Steady.
Closed10078
10078
101
101
101
Gold
4-82I2 4-82i3 4-8:213 4-8212
4-82ia
Excliange
11-27
11-37
11-44
Marcli
April
TEXAS.
ITIon Sat.
91a
9^8
013i6
105io 10%
101310 lO'a
Il'l8 Ills
11-3,0 III4
ll°io
III4
11%
11%
ORLE'NS
Sat.
913,6 934
106,0 IOI4
101316 1034
lHui 11
Strict Oi-ainiiry...
Middline
Mon
9%
9'',6
934
Good Ordinary. .. I014
Strict Good Ord,^. 1034
11
Ik>w Middling
Sti-iot LowMid.... 113,6
N.
Of
Fri.
tlie
above,
tlie totals of
American and
otlier descriptions
arc as
follows
Good Ordinary
Strict Good Ordinary.
IjOw Middling
.
,
...-tS lb.
914
9%
IOI4
107g
....
Middlinir
95,6
9%
978
91*16
105j8 10%
10l5,„ 11
MAUKET AND
Export.
.
nPt'u
.
287
810
894
1,039
810
Wed..iFlini, uucli. quot.
1,906
506
Tliui-s Quiet, uucli. quot
Fri. Steady.rcvis.quot. 1,100 3,030
121
188
1.302
2,094
200
481
4,631
1.387:8.205
990
TucR.. Fii-nier, lilgUcr
.
Total
97s
American—
10
Liverimol stock
Continental stocks
10%
11%
American
706
Sales.
T ales.
For June.
cm
11-58
100
100 e.n.lith 11-56
11-56
4C0 « n.ljtli 11-57
100.
700
U-57
8,800
ll-.^H
100».n.lOthll69
<'tf>.
lOOp.n.ISlhl! 59
34,700
16,600
16,100
50,900
49,800
39,800
10,582 207,900
For July.
Bales.
1,100
1.100
l.iW)
11-59
500
600
11-61
2,000
U-62
3,100.
2.100
1,600
,..11-63
11-64
3,100
5,800
2,100
2,000
13,500
H-60
700
.
.
Europe
eries.
300
500
600
400
800
Bales.
IT B8
11-61
700
11-69
II 70
11-62
11-63 22,800
11-64,
ll-6i
For August.
11-161
11-62
100
11-07
11-83
1,800
&c
447.750
003,000
343,000
193,000
326,702
46,603
2,000
597.000
I'.n.ooo
222.000
230,'^5S
25.006
2,000
24,000
22,000
67,000
893,2.50 1,090,000 l,36.-),2.50
1,449,167 1,632,921 1,516,310 1,288,464
Total visible supply
Price Mid. Upl., Livcriiool ...
1,896,917 2,528,171 2,606,310 2,653.714
.
65iad.
e^igd.
&if^-
''16^.
These figures indicate a decrease in the cotton in sight to-night
of C31,'^54 bales as compared with the same date of 1877, a
decrease of 70S), 393 bales as compared with the corresponding date
of 1876, and a decrease of 756,797 bales as compared with 187o.
c;t«
700
l.riOO
10,000
Briutil, &c., afloat
Total East India,
Total Ameri.
4,500
c:t«.
18.071
8,000
680,000
381,000
220,000
309,541
31.380
11,000
. . .-.
Egypt,
1,900
n-eo
678,000
377,000
151,000
217,096
bales.1,449,167 1,632,921 1,516.310 1,288,464
Total American
Eusl Iiulia)),, Brasil, •£<;.384,000 421,000 •106,000
1 80,000
Liv.-i-pool stock
108.250
51,750
12.000
47,000
London stock
1,^7.000
1.50.250
62,750
89,250
Continental stocks.
5i)7,O00
351,000
445,000
1
83,000
Europe
for
afloat
India
Deliv-
For forward delivery, the sales (including
free on board)
have reached during the week 207,900 bales (all middling or on
the basis of middlinj^), and the following is a statement of the
gales and prices:
Balef.
afloat to
United States stock
United States interior stocks..
United States exports to-day.
Total.
ait.
1,039
Steadier
Sat
Mon.. Dull, liiglicr
11
9%
TRANSIT.
Con- Spec- Tran
sump
10%
11
9%
SAI/ES.
SALES OF SPOT AND
SPOT MARKET
CLOSED.
9%
9 '8
10%
At the Interior Ports the movement— that is the
and shipments for the week, and stocks to-night, and
!
I
corresponding week
statement
:
receipts
for the
of 1877--is sot out in detail in the following-
.
.liiNB
1">.
.
—
...
iwr
THK CHRONICLK.
1878. J
Some crops »re very
it to weed and shod forms.
dry weather sets in, the prospect will Ix) maUtrially
thennomotcr
7H;
liighest
Average
91 and lowest 66.
Reoelpta Slilpra'to Stopk.
The rainfall has been two inches and fifty-six hundn^dths.
4,249
151
301
3,234
4SS
1,204
AiiKUXtn, Oil
W(! are having too much rain. It has
Vic/csbur!/, Mimii.nppi.
3.05H
218
23
245
1,021
170
Ciiliimhiis, Uu
147
1,742 rained this week on two days, the rainfall reaching three Inchon.
21
28
,59
1,418
Miicun. 0>\
l,29(i
750
18
208
1,892
MontpiiMory, Ala
208
The thermometer has averaged 7.'), the highest being 89 and tho
34
071 lowest
82
870
t750
70
Scliiiit, AIn
62.
The cro]) Is developing promisingly.
301
2,280 17,559
8,045
H97
1,522
Mi'inpliiH, Ttmii..
Oobimhus, Mimmtijipi. It has rained heavily on five days of
285
2,802
100
1.121
194
NiisliviUclVnu..
2»
this week, doing much dnuiago to crops.
"Iho rainfall has
703
4,105 31,380 reached four inches.
18,071
4,451
1,882
Total, old iioits.
Little lioek. Arknnsa*.
Telegram not received.
14(!
14
72
4;)
20
Dnlliis, Toxaa
2'20
104
452
The weather during tho week has been
14
NaiiliviHe, Tennessee.
10
JetlVrsoii. 'Vex. ..
34
312
023
222
100
144
Sliiivppoit, I,n.*
125
too cold, the thermometer averaging 07 and ranging from Hi to
750
213
200
108
449
253
Vicksl>in>,', Miss
154 77. It has rained on four days, with a rainfall of forty-two hun2
40
136
30
CoUiiiil)UH, Miss.
"28
dredths of an inch.
305
158
Kufiuilii, Aliv
129
205
62
(irHllii, Oiv
7
Memphis, Tennessee. Rain has fallen on five days of the past
150
1,053 week,
852
43
829
140
Atlanta. Ua
to a deptli of one inch and eight hundredths, and we have
552
147
18
465
374
517
Rome, lia
3K5 had a lieavy rain to-day. Tho weather has been too cold, the
11
131
312
70
06
Chiiriotte. N. C...I
5,309 thermometer ranging from •'>8 to 81, and averaging 70.
140
1,177
Crop
3,750
1,090
538
St. Ujiila. Mo
3,149 10,411 accounts are less favoral)lo, and grass is growing fast.
4,U30
3,271
2,275
Clucliiimti, O
1,011
It has
been too wet to work.
20,5,323
11,'J44
4,009
3,368
5,638
Total, new p'rts
Mobile, Alahnmit.— M has rained on six days and one day has
4,772
9,428 52,154 been cloudy, the rainfall for the, week aggregating one inch and
Total, all.
5,250 10,030 29,315
Crop accounts are less favorable. Some secforty hundredths.
Estimated.
t Actual count.
tions are having too much rain, but in others the rain is proving
The above totals show that the old interior stocks have beneficial. Tho thermometer has averaged 80, the extreme range
deeren^ed during the week 2,569 bales, and are to-night 13,300 having been 67 and 92.
he receipts at the
bales k*s tluiu at the same period last year.
Montgomery, Alahama.—Jinnng the earlier part of the week
»ame towns have been 1,110 bales more than the same week last the weather was clear and jflcasant, lint the last four days have
fear.
been rainy, raining yesterday (Thursday) very heavily, and it is
Receipt- from the Pl.intations. Referring to our remarks sill raining. The thennometer has averaged 77, with an extreme
range of 91 and 63, and the rainfall has reached five inches and
In a previous issue for an explanation of this table, we now bring
thirty-two hundredths.
the figures down one week later, closing to-night:
Sehna, Alabama. We are having too much rain. Rain has
BECKIPT9 FROM PLANTATIONS.
fallen this week on four days heavily, the rainfall aggregating
The thermometer has averaged 76.
jStock at Inter'r Ports Rec'ptsfromPIant'ne five inches.
Receipts at the Ports.
Week
Madison, Florida. It has rained on six days this week, the
entllng1870.
1877.
1878.
1!!78.
1877.
iS7r.
1878,
1876.
1876.
The ther-,
rainfall reaching two inches and fifteen hundredths.
mometer has averaged 71, the highest being 72 and the lowest 70
4.3,295 15,187 48,082
April 5.
59,886 132,495 140,619 119.991
55,804 26,J87
We are having too much rain.
" 18.
39,889 13,897 40.033
51,891 130,164 13:1.3&J 108,633
41,6i0 21.183
Week
ouiUiig
Juuo
11, '78.
Wcok ending Jimu
1.1,
'77
cotton, causing
foul,
Receipts Shlpm'tx Stock,
but
if
brightened.
—
—
—
—
.
—
i
I
I
|
I
!
I
I
—
—
—
|
—
26,002
16,560
31,196
115,076 117,534
?6,5,-)0
80,252
7,020
17.604
Maeon, Georgia. The earlier part of the week was clear and
but it has been raining on the last two days. The cotton
The thermometer has averaged
plant looks strong and healthy.
10
26,411
17,309!
24,15 ; 106.301
97,696
65,770
17,666
7,471
14,412
79.
'
17
19.995
16,288
20,Tin
99,966
86,.'n6
66,4:33
13,660
4,965
10,760
"
21.
Ifi.iSO
12,147,
19,732
92,916
79,009
46,305
9,230
4,7-0
9.604
"
31.
13,810
9,669|
18,220
87,711
6r,786
39,02->
8,'
Jane 7.
" 14
10,4o6
9,390
12,.'!80
8i,569
67,503
31,154
5,314
8,441j
8,586
11,23'.
76.054
62,154
29,315
1,923
279.6*1 182,010
326,957
••
"
Hay
•'
19.
30,920
18.010
89,016
127.296 128.411
fl^Sig
28,052
13.058
86,362
26
59,858
26.641
38,3J6
liO,S26 117,074
89.142
83,338
15,384
33,019
3.
Total.
05
10,940
7.5 9
3,171
6,3a8
plea.sant,
dredths.
210,733
85,406 223.7:7
This statement shows us that although the receipts at the ports
the past week were 11,231 bales, the actual from plantations
.were only 0,392 bales, the balance being drawn from stocks at
Last year the receipts from the plantations
the interior ports.
for the same week were 3,171 bales, and for 1876 they were 1,929
bales.
—
Tei.egkaph. The past week has
been rainy all over the South, and in very many sections
decided complaints are made of too much rain, and in some that
We do not believe that any special
tlie weather is too cold.
harm, except in limited localities, has been done as yet, but dry,
warm weather is certainly very desirable now.
We have had showers on four days this
Galteston, Texan.
week, the rainfall reaching ninety-seven hundredths of an inch.
We are having too much rain. No serious damage has been
done, but much damage is feare<l if the showers continue. Average thermometer, 81 highest 90, and lowest 73.
It has rained on three days of the week,
Tndiamila, Texm.
showers, and the balance of the week has been mostly cloudy,
engendering fears of cotton worms. We hear rumors of the
Weather RKroRTS by
—
;
—
apjiearance of caterpillars, but think them of very little importance if we can have dry weather. The thermometer has averaged
have had a
80, the highest being 91, and the lowest 70.
rainfall of ninety-five hundredths of an inch.
Corsicana, Texoa.
Rain has fallen on one day during the week,
the rainfall reaching eighty-seven hundredths of an inch.
Average
are having too much rain, and crops are getting grassy.
thermometer, 77 highest 97, and lowest 6.5.
Dallas, Tcias.— It has rained hard on two days, the rainfall
are having too
rea<;hing one inch and fifteen hundredths.
much rain and much damage has been done. Weeds are growing
80 fast they are becoming very troublesome, and mu'ih damage is
feared unless the rain ceases.' Wheat in stacks has been considerably injured. The thermometer has ranged from 64 to 97,
Savannah, Georgia.
—
We
;
We
77.
—
parison
but practical planters claim that there
is
too
much
rain for
June 14,
13, '78.
Feet. Inch.
Below higli-water mark
Above low-water mark.
Above low-water mark..
Aliovo low-water mark.
Above low-water mark.
Orleams
3
.
Memphis
Nashville
Shreveport
V'iclCBburg
20
4
23
'77.
Feet. Inch.
10
6
4
10
38
4
24
5
19
e
38
5
2
3
2
New
Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871, or 10 feet above low-water mark at that point.
A
Comparative Port Receipts and Daily CROPMovEMEsfT.
comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
month.
We have consequently added to our other standing
tables a daily and monthly alatement, that the reader may conBiantly have before him the data for seeing the exact relative
movement for the years nimed. First we giva the receipts at
each port each day of the week ending to-night.
POBT RECBIITS FnO.M SATCRDAV, JDSE
—
tion,
:
Juno
New
of
—
has rained on four days this week, the
developing promisingly, and accounts are more favorable. 'The
thermometer has touched 5S and 92, and averaged 78.
We have had rain on three days
Charleston, South Carolina.
of the week, with a rainfall of four inches and sixty-seven hundredths. The thermometer has averaged 76, the highest being 88
and the lowest 66.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
June 13. We give last year's figures (June 14, 1877,) for com-
D'ye
—We
It
—
hate had hard rains on four days this wc'k
damage has been done, but dry weather is
wanted; otherwise the prospect continues good. The thermom- Sat..
The rainfall has Mon
eter has ranged from 72 to 91, averaging 81.
Tuca
reached three inches and eighty hundredths.
New Orleans, Louisiana. It has been showery five days this Wed
week, the rainfall aggregating two inches and twenty-five hun- Thut
Fri..
dredths.
The thermometer has averaged 79.
Shreoeport, Louisiana.
The corn crop is in a very good condiBretiluim, Texas.
week. No serious
—
rainfall reaching three inches and thirty-two hundredths, and tho
The thermometer has ranged
rest of the week has been cloudy.
from 66 to 91, averaging 77.
Augusta, Georgia. "The weather during the week has been
cool and cloudy, with heavy and general rains on four days, the
rainfall reaching one inch and thirty-five hundredths. The crop is
We
averaging
—
Columbus, Oeorgia. There has been too much rain here this
week, and we have had an unusually severe storm, with the
Crop accounts
severest hail storm ever known in this section.
The thermometer has averaged
are consequently less favorable.
80, and the rainfall has reached two inches and seventy-one hun-
Tot'l
Kow
Or-
Mo-
leans.
biio.
295
787
456
246
54
308
2,140
1
Chai^ Savan- Galnah. vest'n.
leston.
70
28
72
63
116
56
26
372
440
262
312
381
301
866
361
2,008
129
309,
94|
119,
851
8, '78,
TO FBID.VT JDUE 14,
Wil-
Nor-
ming-
folk.
ton.
All
'78.
Total.
others.
181
60
171
2
66
220
118
203
200
113
672
220
358
10
12
286
537
228
246
914
1,401
2,686
1,862
1,920
1,170
2,192
1,507
1,744
157
2,382
11,231
165
530
271
7
.
.
THE CHRONICLE.
^04
The movement each month
1877.
COTTON EXCHANQK REP0BT8 OP ACREAGE,
since Sept. 1 has been as follows:
Year Beginning September
Monthly
Kecelpts.
1875.
1876.
1874.
[Vol XXVTj
1.
Estimate for 1873-79.
Actual,
1873.
State?.
1872.
1877-78.
Increase. Decrease
Sept'mh'r
October.
Novemb'r
Decemb'r
January
.
February.
March
April
.
.
.. ..
May
98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314
169,077
610,316
740,116
831,177
637,067
479,801
300,128
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
163,.593
92,600
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
81,780
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
184,744
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
5-7.220
South Carolina
Florida
receipts
port
31...
May
96-67
95-77
97-25
TotMy 31
1875-76.
1874-75.
1873-74.
1872-73.
Arkansas
1,089,000
Total
11,824,960
2....
3....
2,3.59
4....
"
"
6....
"
8....
2,396
1,243
1,704
2,409
1,401
"
9....
" 10....
" 11....
"
12....
" 13....
" 14....
8.
8.
2,686
1,862
1,920
1,170
2,192
1,962
2,084
1,578
1,351
1,254
8.
2,821
2,309
1,812
1,247
1,531
1,186
8.
2,714
1,110
1,925
1,312
1,528
1,209
S.
1,584
3,061
1,385
2,149
1,543
610
724
S.
2,784
2,861
2,003
2,562
1,570
8.
3,028
2,241
3,107
2,921
2,946
1,463
8.
3,845
3,090
2,627
2,614
2,978
2,674
2,442
8.
4,161
1,352
2,201
1,491
1,892
1,642
S.
8.
3,609
4,360
3,310
3,006
4,096
3,017
8.
2,614
3,176
2,501
3,020
2,370
2,602
Total.... 4,219,715 3,923,906 4,033,713 3,432,193 3,706,404 3,455,420
Percentag e of total
97-17
98-14
port rect ipts
96-24
97-43
94-63
These statements show
220,500
ct.
6
per
2,035,675
m
p. c
1,565,972
ct.
1,5.30,958
1,089,000
5 per ct.
1-37 p. c.
that, according
688,940
11,986,976
to Cotton
Exchange
an increase in the total acreage of
about 1 37-100 per cent, and that, with tbe exception of North
Carolina, the stands are generally very good and the plant from
10 to 14 days more advanced than at the same date last season.
this year
reports, there is
Detailed Cotton Exchange Acreage Reports por June
full, the Cotton Exchange Acreage Reports
— We give below, in
for
Junel.
Tlie full reports for last year will be found in
June 10, 1877, page 570
of
The
:
Norfolk Department.
(H. S. Reynolds, Chairman; W. D. Rountree,
Committee on Information and Statistics) issues the following
report, covering the Slate of Virginia and the following Counties in North
Carolina: Rutherford, Lincoln, Catawba, Rowan, Davidson, Iredell, Biirke,
and R.
P. Barry,
Wilkes. Caldwell, Alexander, Davie, Forsythe, Yadkin, Stokes. Surrey,
Rockingham, Caswell, Person, GranvlUe, Warren, FrankJin, Nash, Wake,
Hyde, Pitt, Green, Cartaref, Craven, Beaufort, Tyrrel, Washington. Martin,
Bertie, Chowan, Pasquotank, Camden, Currituck, Gates, Hertford, Northampton and Halifax.
North Carolina and Virginia.— 38
This statement shows that the receipts since Sept. 1 up to
to-night are now 295,809 bales more than they were to the same
day of the month in 1877, and 186,002 bales more than they
were to the same day of the month in 1876. We add to the last
table the percentages of total port receipts which had been
received June 14 in each of the years named.
—
Cotton Exchange reports for June. For the convenience
ot our readers, we have prepared the following summary of the
results of the Cotton Exchange reports issued this week, which
reports we also give in full.
Aa is well knowa, the States are in
up between two or three Exchanges, and
hence a compilation of this description is useful in helping to
interpret tbe average result :
the ^ame as lastyar.
Weather —
Ooe-quarter report good, three-quarters rep^ rted cold and wet. St.,nds—
One quarter good and three-quarters bad. Fertil'Zers— On the average,
about ihe same as last year.
South Carolina.— Acreage 6 per cent increase from last year. Weather,
with few exceptions, more favorable, and plani much more forward,
estimates from 6 to 30 days. Stands very favorable for a good crop.
Fertilizers 6 per cent iacreaf^e.
Georgia.— AcREASE—Average for the State about 2 per cent increase from
last year. Weather unusually flee and favorable. Stands generally
very good, and the crop 10 days to 14 days ahead of the last. Fertilizers
10 (o 15 psr cent increas'.
Florida.— Acreage about the same as last year. Stancs are very good
and probably 10 days ahead of last year. First bloom this year, May 38;
last year, June 13. This does not apply to Sea Islands, which are not in
good c ndition. Fertilmers— Very little ever used in this Htate.
Alabama.—AcREAOE—A verage for State inc eased about 1 per cent. Stands
fair to very good, only 4 couuties reporting them as not good. Earlier
by an average of 10 days. Fertilizers in upland counties f-how a slight
increase, and none are used elsewhere in the Sta'e.
MlKslsslppl.- Acreage— Avtrage increase aoout 2 percent. Weather
more favorable than last year. Stands from fair to very good. Eablier
by about 10 days to 14 days than last jear. Fertilizers very little used,
but ircrease in domestic manures.
liOnlslana.— Acreage— Average decrease ab' ut 1)^ per cent Weather
more favorable than last year. Stands good. Earlier than last year by
10 days to two weeks.
Fertilizers are in very limited use— such as
have been used are principally barnyard scrapings and cotton-seed.
Texas.— AoBEAGE-A verage intrease 6 percent. Weathhk generally more
favorable than latt year, but many nori hern coantiee complain of too much
ra'n.
Stands good, except in 6 counties, 2 cf which report poor.
Earlier generally from -i to 4 weeks; 4 counlies report later. Fertilizers— None used in Stale.
Arkansas;—AcnEAGE is about same as last year, the New Orleans section
reporting 1 per rent increase nd the Memphis section 3 per cent decrease.
Weather generally up to 10th May too miny, hut since then more favorable.
Stands generally good to very good, tho-gh one-quarter of the
Memphis replies repon not so good as last year. Earlier by about5 to 10
days thun last year. Fertilizers— None are used except domestic, which
;
are receixing increased attention.
Xennessee.—AcREAOE— Average decrease abeut 5 per cent. Stands
gener-
ally good to very good, though a few state that they are not as good as
last year. Earlier by about 7 to 14 days than last year
Fertilizers—
Very liitle used, except domestic, which are receiving increased at ention.
the foregoing
summary we may
leeult as to acreage this year:
reach the followiDg
from 33 counties.
replies report about the same area of land planted as last year*
Thirteen replies report an Increase of 5 to 10 per cent, while three replies
report the decrease in area to be from 6 to 10 per cent
Nine replies report the
weather equal to last year and stands good, and twenty-nine replies repo:t the
weather not so favorable, on account of cold and wet weather, with bad stands.
Fourteen replies report the crop to be from one to two we-ks earlier than last
year. Thirteen replies report the crop about the same and eleven replies
report from one to two weeks later
Labor is generally reported as being
Sixteen replies report Increase of ferlilizcrs. Seven r^plios report
plentiful.
fertilizers
about
the
same,
and
use
of
fifteen replies report a decrease in
the
;
fertilizers.
With the present cool and rainy weather cotton
is
not looking
very good.
Cliarleston
Department
covers the State qf South, Carolina, and is prepared and issued by tlie
Charleston Cotton Exchange, through their Committee on Information and
Statistics, composed of Robert D. Mnre, Chairman, L. J. Walker, and A. W.
Taft.
—
Sontll Carolina. Condensed from 77 replies from 38 countiep.
The acreage planted shows an average inrrease over last year of five per
cent. The weather, with few exceptions, has been more favt)rable this year
tiian last, and the plant much more forward, the estimates varying from
thirty days, averaging ten days earlier. Labor, as a general rule, l8
efflcien'.
The use of commercial fertilizers varies considerably, several counties reporting an increase and others a dec-ease. The
average shows six per cent increase.
Where commercial fertilizers have
decreased, a l.irge increase in those of home manufacture is reported. Eleven
counties report considerable damage from cut worms, making re-plantin/
necessa y. Upon the whole, we consider the reports very favorable for a good
crop.
five to
abundant and more
Sarannali Department.
several cases divided
Nortli Carolina.— Acreage about
replies
Twenty-two
1
From
2,001,163
The Norfolk Cotton Exchange
2,269
"
7....
ct.
725,200
4,196,104 3,903,725 4,013,875 ^,400,862 3,677,240 3,417,736
"
"
"
5....
per
2 per
1
1,S85,!;60
Chronicle
Rec'pts—
Junel
1,644,873
1,444,300
1.
1876-77.
938,448
ct.
1,995,760
different years.
1877-78.
571,448
2 per
1,981,350
Louieiana
93-60
96-06
This statement shows that up to June 1 the receipts at the
ports this year were 293,379 bales more than in 1876 and 182,229
bales more than at the same time ia 1873. By adding to the
above totals to June 1 the daily receipts since that time, we shall
be able to reach an exact comparison of the movement for tbe
Acres.
ct.
2-20,500
.Alabama
of tot.
per
5 per ct.
893,760
1,612,620
Tot.My31 4,196,104 3,903,725 4,013,875 3,400,862 3,677,240 3,417,736
Perc'tage
1
This report covers the State of Georgia and the State of Flm-ida. The report
prepared and issned by the Savannah Cotton Exchange, through their
Committee on Information and Statistics, composed of J. H. Johnston,
Clavins Phillips, J. J. Wilder, L. G. Young and K. M Oppenheimer.
is
—
Georgia. 147 replies from 61 counties.
The area of land planted in cotton this season is slightly an increase over
last year, say two per cent. The weather has been unusually fine and favorThe crop is ten days to
able for the plant, the stands generally very good
two weeks ahead of the last. Labor about the same as last year, both as to
numbers and efficiency. Where fertilizers are generally used the increase
has been 10 to 15 per cent over last season. The present condition of the
crop is good. The spring ^vas eaFly, the preparation of the land for planting
was better than usual, the fiells are clean of grass, and the plant is growing
oB rapidly.
Florida. 33 replies from 13 counties.
The area planted in cotton this year is about the same as last year. The
spring was cool and damp, but on the whole the weather has been more favorable this season than last. The stands of cotton are very good. The crop Ifl
in a more forward state than the last, probab'y as much as ten days ahead.
Labor good, and about the same in numbers as last year. Lit'le or no fertilizThe present condition of the crop most promisers ever u-ed in this State.
ing. Firs., blnom in this State May 28th, last year June 13th. The condition
of the Sea Island crop is not as good as usual, less la-d « as planted, and the
plant in appearance ten days behind what it was at this date last year.
—
Mobile Department
Alabama as far north as the summit of the Sand
Mountains, and /Ae/o;^Oi^i?if7 counties in Mississippi; Wayne, Clarke, Jasper,
Lauderdale, Newton, Kemper, Nesholso, Noxubee, Winston, Lowndes,
Oktibiba, Colfax, Monroe. Chlcasaw, Itawamba, Lee, Pontotoc, Prentiss,
Alcorn and Tishamingo. The report Is prepared and issued by the Mobile
Cotton Exchange, through tbeir Committee on Information and Statistics, composed of T. K. Irwin, chairmnn, Julius Buttuer, A. M. Willujarth, J.
C. Bush and S. Hans.
covers the State of
'
Alabama. — From 44
counties 93 replies.
incresse of 5 per cent Is reported in Montgomery county, the sam«
acreage in 12 prai ie or bottom land counties, and an average increase of litf
per cent in ;-0 upland counties. The weather is generally reported as having
been more favorable than last year, some few reporting it less so. The stands
are fair to very good, only 4 counties reporting them as not good— Clarke,
Green, Hule'and Winston. The crop Is reported to be from the same to two
weeks erlier than last year. The average is about ten days earlier. Labor is
good and about the same as last year. In Ihe npland counties, where fertilizers are used, there has been a slight increase. The present cenrtitlon of the
An
crop
Is
from
fair to
Mississippi.
An
very good.
— From 17 counties 34 replies.
average increase in acreage of 3 per cent
been generally more favorable than
last
is
reported.
The weather
year— two counties reporting
it
has
less
—
June
-;
;;
THE CHUONICLE.
15, 1878.J
»o. Tho etanda are fair to very good, only one county (Newton) rcportine
thfm poor. The crop Is roportoi to be from tho same to two weeks varlicr,
the average being about 10 aays earlier. Labor Is ^ood and about the same as
last year. Very little fertilizrra have been used In this State, but whoa
applied th. re haa been a fl'Kht lucroise. The present condition of the crop
lsgo:>d.
Neir Orleans Department
covers that part of the Statt of MiasUfiDtH not apwrlloned to tho Memphis
and Mobile Cotton Exchauges; the entire State of LottlMana and the State
Tlie report Is prepared and
Of Arkaii-'Of, south of the Arkansas Klver.
Issued by the New Orleans C*»tton Exchange, through their Committee on
U'ni.
A. Owyn. Chairman, L. F.
Statistics,
composed
of
Information and
Berje, Jesse S. Flower. John .M. Witherspoou, Cj'ras liusscy, Jules Mazeiat,
Moore.
lliyn,
J.
L.
M. Frankenbush, K.
Otto
605
ton Production of 1877 compared with 18*6—14 report Inasuad number of
baiea, 12 derreasc. 8 about the aune ; aggregate increaa« of 1 per cent In bale*
crop la icported yet unmarketed.
1 88-100 of the
Ptut Teart'
Advances to planters by merciianta— I reporia increaaed advances by merchants the past season, 2(1 a decrease, 9 about tho aame ; aggrejate decreaio, 8t
per cent.
A'ew Land and Old—ia report acreage of new land brought into
cultivation averaging 2 per cent ; 18 report old land put to rest, mostly bjr
sowing In clover, average 3 per cent.
over 1878;
North Mississippi.— 41
responses.
Acreage— i report Increased acreage of cotton planted : 21 abont same; 5!a
decrease; average, 1 17-100 decrease. Weather— i report excessive rains;
very favorab'e : 37 report much more favorable than last year 8 about samel:
Stands—i report better stands of cotton never known 29
1 not so favorable.
very good ; 4 moderately i^ood none bad 34 better than 1877 6 about same
Dates of 2'lanting—^9 report earlier planting 1 abont sam^;
1 not ao good.
1 not ao early; average dale, 1.^ days earlier than 187;
average data of completion. May 8th. Labor—H report inc ease In numbers 8a decrease; average
decrease, 9-10 per cent 24 per cent reported working for wages 54 per cent
crop shares 22 per cent renters. FerHllztrs-KW report no commercial fertilizers used, but Increased care taken to utilise domestic manures. Condition
of Cotton C*ro/>— 25 report clean of grass; 7 very grassy; 9 some gra's, bnt not
serioua; 33 report well culilvated; 8 not well cuTtivated. Production of 1877
compared with 1876—17 report Increased production In 1877; 17 a decrease; 7
about same: average decrease, 2 1-5 per cent 1 32100 of crop of 1617 reported
unmarketed. Past Tear's Advances to planters by merchants— 3 report increased facilities furnished 28 a decrease; 10 about aame; average decrease, 16 per
cent. A'*!* ianrf and <?M—21 report an Increase of new mnds cultivating;
17 none
average, i 53-100 per cent 2) report old lands put to rest 21 none
average, 2 70-lOJ per cent.
W
;
;
;
Louisiana.— From 37 parishes we have received 87
average date,
Ma;
replies
;
;
;
;
31:
;
The area of land planted, compared with last year, la reported by 57 correapondents to be the same, while 11 estimate an increase of about 4 per cent,
and 11 a decrease of 10 per cent. The average decrease Is l>tf per cent. The
character of the weather has been more faVorable than last year, and the
stands of cotti>n good, and fiom 10 days to two weeks earlier than same time
While some few report the labor less In number, the majority ttato
last year.
The use of
It Is about the same and much more efflolent than formany j'ears.
fertllizTS has been very limited; such as have been used consisted principally of barn-yard scrapings and cotton-seed. The condition of the crop is
genernllj good, with some complaint of grass, owing to too mnch rain.
Mtesissippi.
86
to
June
— 131 reports
from 35 counties, dated from
May
4.
66 answers state the acreage to be the same as last year ; US report an Into 30 per cent, while 18 report
crease of from 3 to 10 per cent, and 2 from
a decrease of from i to 10 per cent and a of from 15 to 30 per cent. The average being barely one per cent Increase. Ttie weather has been very favorable
according to the most replies received. In some counties, however, the heavy
ra'ns early In the season caused plantini; to he delayed, whilst In others the
weather in the fore part of the spring was very good and as favorable for
plantMit; this year as last. Since then, there has been too much rain and unfavorable weather for cultivation. The stands are generally good, and where
complaints are made, the causes are either that the seed was defective or that
the weather had retarded the gr«wth. With but a few exceptions, cotton is
reported to be about two weeks earlier than last year. Labor has been good
and efficient. Commercial fertilizers havfc not been used. The present condition of the crop is very encourging; the plant looks healthy ana is growing
rapidly.
K
Arkansas.
o'.at
—Fittj-one replies from
23 counties of average date
ultimo.
Six report au Increase of acreage of 5 per cent, S of 8 per cent, 7 of 10 per
ui, and 31 ttesame acreage ; 1 reports a decrease of 5 percent, and 4 10 per
:it. the average of ihe whole being 1 per cent
increase. The weather up to
10th ef May was very unfavorat)le, the crop being affected by heavy rains
anil badly in the- grass.
Since then, however, the «eather has been d y and
favorable. The stands are good, and Ihe crop Is about 5 to 10 days earlier
itrui last season.
L^abor is universally reported as good and efficient. The
'Sent prospect, compared with last year. Is very good.
No commercial fer..
-
zers
have been used.
;
;
;
;
;
;
Arkansas— North of Arkansas Birer— 44 responses.
Acreage— i report Increased acreage 19 a decrease, 30 about same averWeather— i\i report excessive rains 15 very favor3 per cent decrease.
able weather; 1** report more favorable than 1877 6 about same; 19 less
favorable. Stands— \ reports never better; 23 very good; 10 moderate'y good;
19 about fame 12 not so good. Dots
5 not good
13 report better than 187?
0^Ha/iitn(7— 27 report earlier plantlntr; 8 about s&me 9 later; averaging six
aays earlier average date of completion. May 10.
Labor — 10 report an
increased number of laborers 7 a decrease 37 about aame
aggregating a
decrease of =^ of 1 per cent 32 per cent reported working for wages, 46 crop
shares, 22 renteis. Sertitizers—M\ report none but domestic production,
which is receiving increased attention. Condition of Cotton Crop—\^ report
crops clean of grass and weeds; 17 vciy grassy; 14 some grass, but not serious;
;
;
aging
;
;
;
;
;
;
;
;
;
;
;
24 report crops well cultivated; 20 not well cultivated.
Cotton Production of
1877 compared with cop of 187t) 22 report an increased production ; 15 less ;
7 about same ; aggregate incre-se In 1877 of I>tf per rent ; 1 52-100 of crop la
reported as yet unmarketed. Advances on crop of I8t7— 2J report less advances made by merchants than in 1376 ; 21 about same ; average, 14 per cent leas.
—
\ew Land and Otd—ii report increased acreage new lands 20 none
2^ per cent increased acreage ly, per cent of old lauds put to
;
gatlng
;
;
North Alabama.
aggierest.
—
8 responses.
2 less
6 report about same acreage of cotton planted
average
per cent leas. Weather— Wl report weather very favorable ; 5 more favorable than 1377 3 abont same. Stands— 2 report never better 6 very good ; 5
better than 18 7; 3 about same. Vales of Plantina—Ktt report fmm 7 to 15
days earlier planting, averaging 11 days average date of completion. May 2.
Labor is without change In numbers 21 jier cent working for wages, 57 per
cent crop share", 22 per cent renters. Fertilizers —lAaixz used but home production, which Is receiving better attention.
Cotton Production of 1877,
compared with c-oo of 1876 6 report increased production; 2 about same;
aggregate increase, 12 per cent over 1?76 3 per cent of crop is reported luimarketed. Advances on crop of 1877—7 report receiving less advances from merchants than in 1876, 1 about same; average decrease, 22 per cent. New Land
and Old— 5 report increased acreage of new lands; 3 none; increase, 2 per
cent ; l>i per cent of old lands have been put to rest.
Acreage
—
;
;
2}^
;
;
;
;
Galveston Bepartraent
and was prepared and issued by the Galveston Cotton
Exchange, through their Committee on Information and Statistics, conip«)sed
of John Focke, Chairman, J. M. King, H. I. Anderaon, Charles Vidor and
covers Ihe State of Texas,
H. Dreier.
—
Texas. 108 replies from 69 counties.
Firft—The area of land planted in cotton, as compared with
las; year, is as
follows: Two counties report anincrea-e of 25 per cent ; five counties, 30 per
cent; three cou'-ties, 15 per cent ; fourteen conntits, 10 per cent ; 7 counties,
5 per cent; twenty-nine counties, the same as last year; three counties a
decrease of 31 1-3 per cent ; three counties, 10 per cent making an average
incr.-a-e of b per cent.
SfO'iJ'l—The charictcr of the weather has been favorable in fifty-six coun-"
tie'^. uTifiivorable in thirteen counties, and, as compared with l»et year. Is more
favorable in fifty-six couutiej and less favorab"e in thirteen counties.
r* ()'(/— Sixty-three counties report the stand of cotton good, four CDUntles
not so :;ooi. and two counties poor,
—
Fo">1h—Fv\i.T coanlies report cotton four weeks earlier, twenty-three counties ttireo weeks and twenty-eight counties two weeks earlier thau last year;
ten counties report the same, and four conutles two weeks later than last year.
is "ood and efficient.
Ste^A— No fertilizers are used.
Sttenth—The prosjn' cocdillon of the crop I« good in sLxty-one counties,
Ml so good, backward and poor in eluht counties.
jBij/iM— Many of the uortheru counties complain of too much rain.
Fiflh-Ltibor
t
;
;
—
;
AGGREOATE — 121 Responses.
1. Cotton Acreage : 19 report increased acreage over 1877 planted in cotton,
56 about same, 47 a aecrease ; average decrease, 1 57-100 per cent.
2. Weather: 45 report excessive rains during planting season, 76 report
weather very favorable, 80 report more favorable than 13(6, 12 about same, 39
less favorable.
3. Cotton S'ands: 19 report better stands never known, 79 very good, 17
moderaicly good, 6 not good ; 67 report better than 1877, 36 about same, 18 not
so good.
4. Dates of Planting : 99 report earlier planting than 1877, 11 abont same
time, It later averaging 10 diya eirller than 1877
average date of comple;
tion.
May
;
9.
report increa-ed number of laborers, 19 a decrease, 85 aboat
same ; averaging 47-10. decrease 26 per ceut reported working for wages, 51
per cent crop shares, 23 le rcent are renters. ElUclency is reported much
better than last year.
6. Fertilizers
All report no commercial fertilizers used, but a alight
increase of domeatic Is used.
7. Condition of Cotton Crop
69 report crops free from grass and weeds, 31
report very grassy, 31 some grass but not serious, 86 report crop well cultivated, 35 not well cnltivated, owing to rains.
55 report the yield
8. Production of Crop of 1877 compared with 1S16
greater than 1876, 44 a decrease, 22 about the same, averaging 8-101 of 1 per
cent greater than 1877. Amount unmarki.tcd itay 3lBt reported to be 1J< per
cent of crop.
9. Adv.inces on Crop of 18T7
4 report Increased faclllfes afforded by merchants, 77 a (lecrease. 40 about the sam;, averaging 17 per cent leas than I87S.
10. New Laud and Old
1 6-lOJ per ctnt new lands reported In cultivation,
and 2 ns-MO iier cent old laud put to rest, mostly In grass.
11. Miscellaneous: Under this bead there Is simply a general felicitation
over bright proaptcta for cotton and all growing crops.
5.
Labor:
17
;
:
:
Masbville Department
the Tennessee Tiiver, and the following
"'/n(i!« 0/' .4<a*anki.'— Lauderdale, Franklin, Colbert, Lawrence, Morgan,
Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. The report is
prepared and issued by the Nashville Cotton Exchange, through their Committee on Statistics and Information.
vers .Ifiddfe
TenMiset east of
:
:
Middle Tennessee.
es report a decrease of 23 per cent In acreage, 6 report a
^dMrease of 50 per cent, ai d 'i about the same as last year; 19 report weather
favorable and 4 less favorable; 18 report stands very good and 5 not so
aa last year; 12 report crops as two week^ earlier, 5 one week earlier and
ittme as last year; 19 report labor as g<iod as last year and 3 better; 2'J
'
rt no fertilizers were used and i some Increase ; 35 report present condiof crop very good, 3 not so good, 2 much rain.
Twenty-three rep
i
—
North Alabama. From 11 counties 22 reports.
mneteen report same area planted as last year, 8 a decrease of 25 per cent
^report weather mere favorable, 3 report weather leas favorable; 18 report
"ids very good. 13 report very poor; 19 report crops from 2 to 3 weeks
ler, 3 about same as last year
report better thau
IB report labor good,
sst year— report no fertilizers
;0 report more than last year
19 report
i>
;
;
;
-^sent condition of crop very good, 3 very poor.
Memphis Department
overs the State of Tennessee, west of the Tennessee River, and the folotciiio counties in
Mississippi: Coahoma, Panola, Lafayette, Marshall,
\f ^..,. Tanlca, Benton and Tippah, and the State
of Arkansas north of the
- Iliver.
The report Is prepared and Issued by the Meinphib Cotton
'-. through their Committee on Information
and Statistics, composed
M. Gates, Chairman; L. llanauer, J. N. Falls, A. M. Agelaato, Jas.
Uav, K. F. Phillips, W. F. Taylor.
:
—
First Blooji in Alabama. The Mobile Prices Current refirst bloom this year ia that State, May 27, in Crenshaw
The foUowiu^r shows dates of first bloom ia
County, Alabama.
that State this and the previous four years:
May 8T.
In 1878, from Crenshaw County.
ports the
.
In
In
In
In
1877,
1876,
187o,
1874,
from
from
from
from
June
June
June
June
Sumter County
Marengo County
Monroe County
Lowndes County
0.
9.
8.
8.
—
Stock of Cotton Shirtings at CALCUtTA. The ManehetUr
Ouardian has received from an East India merchant the follow
ng estimate of the stock of 39 in. 8^ lb. shirtings ia Calcutta on
the let last. The total is put down at 2,128,000 pieces, or nearlyequal to five months' coosumption
:
Pieces.
,
West Tennessee.
—36 responses.
Acreage-^ report increased acreage planted
'
H
In cotton,
about the aame,
a decrease; average decrease, 2 lli-lOO per cent
Weatfur 13 report excearains, 84 very fovorable, 21 much more favorable than 1857, 8 about same,
ess favor ible. Stands—
report that stands were never better, i2 very
od, 3 moderately good, 1 not good ; SO report better than 1S"7, 11 about the
e
me,
—
W
5 not so good.
Valeof PlaiMng—^ report
2 about
1 not so early ; average, 12 days earlier than ISTi": average dite of com
•tlon. May 8.
Labor— Ihe number of laborers Is wiihuut change ; 22 per'
at reported working for wage*. 54 per cent for crop aharea, 24 per cent rent's ; efnciency of labor better than last year.
Fertilizers— tM report no comlercial ferTiiizers used, but a marked economizing of domestic manures.
onilitlon cf Cb ton CVojj— 27 report clear of grass and weeds, 7 very graaay, 8
uie {rasa, but not serioua ; 29 report crops well cultivated, 7 not weJ.
Cot;!ue,
earlier planting,
."
Actual stock Isi .lannary
Imports for January
IniDorta for February
Imports for March
liiiportafor April
'.
...
1,«11.000
940,0CO
570,000
660,000
615,000
S,83«,0C0
Total aupply
Average mouthly conaumpiton for the paal three years, 44i,000
1,768,000
pieces, at which rate the total for four monthala
Estimated stock
May
1,
Bombay Shipments.
1S78
3,l»i,O0O
— According to our cable despatch received
today, there have been 20,000 bales shipped from Bombay to
Oreat Britain the past week and 18,000 bales to the Continent;
"
—
.
;
*
,
THE CHRONICLE
606
Bombay during this weeli have been 33,000
The movement since the Ist of January is as follows.
These are the figures of W. Nicol & Co. of Bombay, and are
brought down to Thursday, June 13:
while the receipts at
bales.
[Vol. XXVI.
The following are the receipts of cotton at New York, B OSlOD,
Philadelnhiaand Baltimore for the oast week, and since Sept. 1.'77
,
HEW TOBK,
PHILADKU'li
BOSTOH.
BALTl MOBK
skcb'ts rnoH
[Bliipnients this \Teck|
Great ContiBrit'u.
nent.
Siiipmcnta since
Great
This
Contincnt.
Total. Britain.
Receipts.
.Tan. 1.
Total.
Since
Jan. 1.
Week.
18761 61,000 10.00071,000 489,000 284.000
Sew
761,000
911,000
934,000
632,000 32.0001
696,000 32,000!
773,000 33,0001
1878'2O,00O 18,00038,000 •280,0003,')2,000
1877 10,000 lO.OOOl'iO.OOO 3 '2 5, 000 137 1,000
This
week.
the foregoing it would appear that, compared with last
year, there has been an increase of 9,000 bales in the week's shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 6J,000 bales,
compared with the corresponding period of 1877.
From
—
GuNNT Bags, Bagging, &C. Bagging has continued in more
active inquiry than for some time past, and the market is decidedly firmer.
Some holders who several days ago were willing
The
sellers are now not disposed to sell except at full figures.
inquiry is mostly from the South, and a good trade is now looked
Prices are becoming firmer, and quotations are
for by dealers.
91@10c. for light weights and 10f@10ic. for standard qualities.
In Boston, holders are quoting 9ic. for light and lO^c. for standard
weights. Butts are ruling quiet but steady in price. There is a
better demand, and the sales for the week foot up 1,800@8,000
bales at 2 ll-16@2ic., cash and time, with holders asking these
figures at the close.
Flax Tow Baoging. — The
following circular issued by our
Cotton Exchange explains the act on of the Exchange on this
question of flax baggi:
New
York, June
1878.
6,
inferior flax tow bagging, as covering for cotton,
having become so gentral and so objectionable to buyers and
manufacturers of cotton, the Board of Managers of this Exchange
on May 11, 1878, passed a resolution, tubject to future amendment, that on and after September 3, 1878, cotton covered with
such b»L ginsr should be deemed unmerchantable, and not good
delivery in this market.
This action met with some objection on the part of the flax
tow bagging manufacturers of the West and Northwest a
delegation representing them arrived in this city, and after a
conference, which took place between them and a special committee appointed by the Board of Managers, the said committee
made the fo lowing report to the Board :
;
Tobk, toay
52, 1S78.
To the Board of Managers, New York Cotton Exchange.
Gentlemen : "The special committee appointed by the Board on the 90th
instant, report that they have carefully considered the qiieetion gubmiited t.-*
ihem, and have had an interview with Messrs. Torey and Hinde, repres ntalives from the West of the ' flax tow ' raauufacturera of that section, i
which thdse gentlemen admit that all bagging k'.owa as flax tow ' at prese .t
manufactured, is open to the seiious objections made to it l)y the cotton spi inii g trade of the country.
"They, however, assure the committee that they can make a 'flax tow'
bagiing entirely free from shives aid from fibre so well rotted that no ttaia
to the cotton will result from its use, and as the shivos are easily detected in
hogging, by the eye, as is also the color of bagging made from ui. rotted flax,
the committee recommend that rtile 13 be amended to read as follows :
*' On and after Monday,
September 2(1. 1878, cotton covered with ' flax tow'
bagging containing shives (or small pieces of straw,) or manufactured from
nnrotted or imperfectly rotted flax, shall be deemed unmerchautabie, and shall
not be good delivery in this market."
Respectfully submitted,
i
'
WILLIAM
Chairman
H. PRICE,
Special
CommMee.
At a special meeting of the Board of Managers held May 33d,
1878, the report and recommendation of special committee were
read, and on motion adopted unanimously, and the amendment
to rule 13, as above, ordered posted on the bulletin 10 days, and
1
be in full force and effect on and after Monday, Sent. 3d, 1878.
1
D. G.
WATTS,
President.
this week show a
decrease, as compared with last week, the total reaching 3, 194
bales, against 3,539 bales last week.
Below we give our usual
table showing the exports of cotton from New Vork, and their
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1877; and in the last column the total
Ijt the same period of the previous year:
184,276
;9,I47
1;0,'83
1,771
624
917
Florida
S'th Carolina
.'J'th Carolina.
Virginia
North'rn Portf
107,
l',68i
Same
ToUl
May
Hi.
2'J.
8,498
8,681
Tennessee, &(
Foreign
121
73
Total this year
6,962
Total last year.
9,323
E05
lUi
Jane
5.
June
1«
to
date.
Total to Gt. Britain
8,498
8,681
Havre
Hambtirg
Other porta
Total to N. Bnrope.
;9.3S1
12
643
18.923
41,122
3.T92 325,313
1,218
68,765
879,570
3,:;C8
318,260
6J1
58,801
9.7-M
68.i ;4i,t:58
'
1,513 117,466
—
fiHiPPiNQ News. The exports of cotton from tht United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
29,288 bales.
are the same exports reported by telegraph, and published in
The Chroniclk, last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
t.,., ,, ,,
New York — To
Liverpool, j-er steamers Li Place, 708
Spain, 969
per ship Lancaster, 1, in
J, 894
per steamer St. Lairent, 200
SOO
To Bremen, p r steamer Oder, ICO
lOO
New Okleans— To Liverpool, per steamers Enphrate', l,93i
Alice,
1.948. per ships
rie Predrikke. 3,601
Colonial Empire,
3.6 1 .. per barK Bengal, 3,066
13.168
To Havre, per ship France, 3,733
.i,m
To Bremen, per thip Constantia, 930
93)
Charleston— To Liverpoi)!, per bark Rome, 961 Upland and 213 Sea
...
To Havre,
M
.
bland
1,204
Texas— I'o
Liverpool, per barsa Bangor, 2,283
Kilema, 2,451*
Baltimore — To Liverpool, per steamers Guiliermo, 89
lliberuian,
To Bremen, per ship Forest Kagle, 100
Boston- To
l.iverpjol, per
Bulgarian, 377
...
steamers Massachusetts, 3'2 ...Batavia, 49
Bavarian, 732
1,520
rest Belle cleared Mny 10 and sailed with 4.011 ba'e=, but returned
taoa out 100 bales, re-ballasted and sailed with ,3,9il bales
The
were re- hi,ped by the Ki eini, makiu-^ that vessel's tot^l i,551, but
the run ,i'ig account shows only 2,451 for the reason indicated,
*
Bark
F
100 bales
riie particulars of these shipments, arranged in our UHutl forv ,
»r« »f follows
Liverpool.
Havre.
Bremen.
Total.
:
NewYrk
200
2.S94
13,1S8
1,204
4 739
New
Orle^ins
Ch'irle-ton
T.xas
Baltimore
Bosion
3,7:J8
100
930
...
100
Total
3,19 4
n,658
l.iOt
4.739
676
l,^*0
775
i,5;o
24,220
3,938
1,130
y Below we
give all news received to date of disasters 10 vessels
carrying cotton from United States porta, etc.:
Tornado ship (Br.), befor reported damaged by Are at New Orleans, having
been condemned, wcis sold, as she Jay, at auction, March 30, f,,»- *,3,'<25 to
M. Schwartz & Bro. and Brady & McLelland, each one half. The purchasers dismantled her and the hull was for sale June 6. The claims
for salvage have not yet been settled and a suit is also in progress for the
recovery of the freight money.
St. Michael, brig (tir.J, before reported, was passed on June Ist, in lat. 37'09,
lou. 63' 10, dismasted and abandoaed; ma^ls gone at the decb; boa! stitve.
Cbtton freights the past
Steam.
Saturday.
Thur'dy..
Friday...
week have been
Liverpool.
,
— @t^
— aJi
—<aii
—^ii
—@;i
—ijjf
Sail.
d.
comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-84 comp.
15-61 comp.
Havre.-
,
Sail.
Steara.
c.
c.
%
Sail.
^Uambiirn-^
Steam.
c.
c.
%
a
X
— @?i
U-IU comp.
cp.
—fJOii-i
11-16 comp.
—3.30
P.
M.— B?
C.\ble
c.
—
—
—
—
—
—
comp,
comp.
H comp.
% comp.
M comp.
X comp.
11-16 coniD.
@'i 11-16 comp.
11-16 comp.
ia?? 11-16 comp.
—
—©K
—
Sail.
c.
K
X
-!
cp.
J4 cp.
ii cp.
cp.
cp.
1.5-64
Liverpool, June 14
pool.
as follows:
—
— — Bremen. —
Steam.
.
from Liver-
— Estimated sales of the day were 12,000 bales, of which 3,000
bales were for export and speculation.
Of to-day's sales 8,450
bales were American.
The weekly movement is given as follows;
May
,
bales.
Forwarded
American
Of which exporters took
Of which speculators took..
Sales
prev'as
year.
4,719
675
)00
586
in distress,
Of which American
Total import of the week
3,315
2,894
311,5i!3
350,590
A ctual export
Amount afloat
82
200
5,6J5
8,663
Si
318
39
SCO
6,750
8,()88
100
18,618
4,986
10,338
13,949
8,860
6,171
....
HI
817
10«
33,936
82,980
2^393
2,890
750
2,393
8,610
8S3.6n9
385,898
paln,Oporto& Gibraltar Ac
Allotnero
Total Spain, &o
Grand Total
'ii.i
Of which American
Of which American
24.
May 31.
76,000
9,000
52,000
6,000
13,000
866,000
668,000
51,000
47,000
8,000
210,000
129,000
80,000
10,000
61,000
7,000
9,000
888,000
671,000
85,000
69,000
5,000
244,000
166,000
Jimo
7.
92,000
6,000
60,000
9,000
17,000
832,000
645.000
43,000
33,000
5,000
235,000
130,000
June
14.
40,000
4,000
30,000
3,000
7,000
858,000
678,000
66,000
61,000
5,000
213,000
90,000
115
Xotal Pranch
Bremen and Hanover
"ie
,',7,902
893,1 to
318,364
3i.2a6
Other irisncb ports
189
4i;396
308,912
8,613
6&0
Thit Since
week, Sep. 1
4^660
22,699
444
2,894
2,765
'694
'8."4
1,821 97,096
i,ua3 107,103
Total stock
Other British Peru
no
63,921
161.i32
13,899
143,663
4,170
11:2
Sales of the week.
WIBS IHDINS
18,804
8,310
59,146
8.246
2,792
914
844
5,665
New VorK since Sent. 1. 1877
BZFOBTKI) TO
May
1.
Koblle
Monday..
Tuesday.
Wed'day.
Henry Tileston, Secretary.
The Exports of Cotton from New Tork
Bxport* ol Ootton(balea) from
Sept
.
The use of
New
Orleans..
Texas
Savannah
This Since This Since
week. SepUl. week. Sept.l.
Since
8,846
2.681
S.S39
8.194
The following table
week
Spot.
Saturd'y.
will
show the daily
closing prices of cotton for UM;
i
Monday. Tuesday. Wedn'sdy Thursd'yl Friday.
Mid. Upl'ds .Wliitstm tide Holi days
Mid. Orl'ns.
..-S6I1
..ai67i8
Futures.
These sales are on the basis ol Uplands,
otherwise stated,
Low UUddling clause,
Satukday,)
Monday,
S
Xdesuay,
>
Whltauntlde Holidays.
...a)65iB
...2)6'a
.®6»tg
,'
I
unleM
'
:
Junk
THE CllllOMCLE
15, 1878. j
Fiituru.
RECEIPTS AT LAKE AND niVEU FO'tTS FOR THE VBEK K.'«DII(a
JUNK 8, I87d, FHUM DEC. 81 TO JUNE 8, AND KR)M
AUGUST 1 TO JUKE 8.
Wkdmesdat.
Delivery.
Jum>-July
0'4
July- Auk
6'ifl
Aiii.'. .ii'pt
H'M
.Sil.r.
Delitery.
d.
Juno
CB.iaaOia
JuiKi-July.. .Gfaaaiie
July-.\u»t
Oi'sa
<f.
Out
AuK.-.Sei)t
Soiit.-Oct
(I"i9
June
O'i
Shtpmenlt.
d.
Oct.-Nov.,u. crop,
sail
e'lB
Nov.-Doo., n. crop.
»bU.-.
6>»sil
Flonr,
6*1(1
_
6i»3a
0»»32
Oct.-Nov
6V
JuhAiiK
Si'Pt.Oct
GH'Si^ha
....
Oct -Nov
SMpmenlg.
tiiiao®^
Aug.-Sept
07ig
eia
8ept.-Oct
Shipmenls.
Nrfv.-Doc, n.crop,
GII32
81»11
G%
Oct., n. crop, enll,
Detirtry.
6*16
e^ia
Gllsa'aSs
«"l8
61*32
June
Aug. -Sept
Velivcry.
8ept.-Oct
Oiereland*
St.Lonis
Poorla
Balutn
2,500
e>a
Oct.-Nov., n. crop,
6'i32
No v.-Dcc.
6%
(5« lb«.)
1,781,109
210.118.)
2^.400
239.3^4
7MI
12,001
129,365
154,125
....
...
Oats,
bosh.
Barley.
baih.
Rye,
bash
(38 lbs.) «8lb».) (8« lbs.)
8i5,0l8
81,185
2M76
2'i,9SO
13,910
8,650
19,817
9,786
1,873
487
8.&00
.
6),4iM)
iXiO
5,820
84,729
8.5M
9 IJO
.
....
,
u. crop,
6II33
sail
RE ADSTUFPS.
Fbldat. p.
M
Same time
Jnne
,
!4,
J,3«,6BI
4,i82.9l6
1,5.'1,96J
2,957,031
479.206
836,401
449.192
85!,0-5
16,219
57,882
3',204
Si,3}3
39,aM
75,314
16,103
80,195
8ametimM876
Same time 1875
UII33
sail
680,67!
1,214,412
191,5:8
2,167,141
Tot. Dec.31 to Jnne 8.2,675,501 2fl,60»,llt 89.«53,88» 10,9C6,3I0 2.710,437 1.761,820
.Sam lime 1877
1,?S03,343 7,158,89 80,763,418 7,5H3.3ol 2,5il,7»7
842,553
2,283,8M 18,2-28,230 80,253.933 9,670,746 2,792,(71
6SJ,730
2,007,551 19,2.1,318 19,878,2)0 8,261,132 1,507,775
446,715
Tot. Ang.lto.June8. 5,317,893 70,091,352 74,748.505 23,.377,897 9,189,267 .3,7.33,687
Same time 1877
4,16!,035 86,6)1,574 69,713,311 l''.»89,612 8.10',597 2,700 107
Same time 1876
4639,7:6 58,065,836 50,T5-2,657 a4,323,.373 7,4r9,S01 1,(^02,580
6^8
sail
Shijimenls.
Oct.-Nov., u. crop,
90,310
103.541
67,912
12j,7l4
Corrc'Sp'ng week,'77.
Corrosp'ng week,'76.
Sliipmeiilt.
Nov.-Uec
June-July
67,e
B
58,993
98,S81
18.903
101,552
4,G;a
2,185
17.155
1,900
Total
Previous week
Friday.
June-July
198,7'.0
in
Detroit.
6II32
sail
June
87,382
Corn,
bn'h.
bnsh.
Oct.-Nov., n. crop,
C'lo
July- Aug
Oct.-N'ov
COIbs.)
Toledo
July-AUK
6»ts
6Bi«
Wheal,
bbls.
(198 lbs.)
J3,7S0
Mllwaakeo
Deliceni-
Detirery.
June
AT—
Chicago
Thursday.
Jiuu'-July
(JOT
1875
4,67t;,319 51,66',787 39,107,929 20,193,889 5,435,003 1,163,«85
• Estimated.
1878.
There was a moderately active flonr market early In the week,
and the bubinesa in shipping extras was mainly at $4 25@$4 30
for common Eaglish brands and ^5 40@$5 50 for good West
India brands. There was also a good business to the trade. But
latterly the market has shown weakness.
The demand from all
quarters has diminished, but holdeis, encouraged by reduced
production, have refrained from pressing sales. Rye flour and
corn meal were in good demand and firmer. To-day, there was a
further decline of .5@10c. for common extras, and business dull
;
Southern flours firm.
and grain PROM WESTERN LAKE AND
RIVER PORTi FROM DEC. 31 TO JUNE 8.
SHIPMESrrS OF flour
Flonr,
Wheat,
Com,
bbls.
bnsh.
bblc
Tot. Dec.31 to Jane 8. 2,562,393 18,915,215 33,167,300
Sametimel877
Same time 1876
Same time 1873
7,265,022 22,621,011
2,1.37,576 17,617,951 a3.77?,937
2,1 18,588 li,71;',556 13,151,422
1,810.352
Oats,
Barley,
bbls.
bbls.
Rye
hbls.
6,73.3,9e« 1,490,839 1.420,.550
6,613,019 1,861,574
7,2,'>7,569 1,160,162
5,606,206
813,216
58),3S8
635,0 8
261,287
RAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
AND RIVER
PORTS.
Com,
Week
Flour,
Wheat,
ending—
bbls.
65,357
40,661
89,882
41,183
bush.
bnsh
bnsh.
bush.
122,130
127,651
468,437
4J?,8t6
721.202
231,400
293,124
14,687
16,291
4.851
7,331
83,761
r,8,400
125.003
5,62i
395,357
860.700
623,400
1,104,312
1,991,604
.luue
.^,1878
June
l-i77
Oals,
Barley,
Rye,
bnsh.
17,871
9,
233,«'J4
12,748
and prices have slowly but June 10,
1,09S,500
1876
622,111
58,469
173,140
256,970
7,596
steadily declined. Foreign advices have been unfavorable, and June 12, 1875
although receipts have materially diminished at the West, the RRCEIPTS OB FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
WEEK ENDED JUNE 8, 1878, AND FRO.M DEC. 31 TO JU.N'E 8.
offerings have exceeded the demand. YesterJay, prices gave way
Corn,
Flonr,
Wheat,
Oats,
B»rley,
Rye,
pretty sharply, leading to more business", the sales including No.
bush.
bbls.
bnsh.
bush.
At—
ba-<h.
bush.
3 spring at |l@l 01, No. 2 do. at f 1 09@1 09i, No. 1 do. at New York
727,339 1,627,3J7
414,961
73,713
10,918
85,698
346,900
Boston
2.3,417
145,200
138,300
5,OJ0
2,000
$1 11@1 12 No. 2 red winter, |1 10@1 11 No. 1 I'o. $1 13@ Portland
2,500
...
6,000
1,500
The wheat
marki:t has been dull
;
;
white at fl 23i, with No. 2 spring, for July
delivery, at $1 07@l 07J.
To-day, prices were again l@8c.
Baltimore
lower, trade dull and the close very unsettled.
NewOrleans
1 14;
and No.
.Montreal
1
Indian corn has also materially declined, under a pressure to
Biimulated in a measure by the warmer weather and the
much
of the stock arriving.
Total
Corresp'ng week,'77.
Yesterday,
No. 2 mixed sold at 47c. for prime old, 43i@44c. for prime new,
42i@43c. (or steamer do., and 41@41ic. for No. 3, with business
for future delivery, including No. 2 or prime at 4.51c. for July,
and 47ic. for August. Receipts at the West have materia ly
fallen oS, but are still large. To-day, there was a further decjine
of i@lc., with an unsettled closing.
Rye has been more active at 63i<g65^c. for prime to choice
Western, and 67@68c. for prime State and Canada, the latter in
bond. Barley is without feature, except a decline in Western
feeding, a large sale having been made at 40c.
Oats were active and firm early in the week, large gales of No.
2 Western mixed having been sold at 31@31ic. on the spot and
for July delivery, but prices have fince'declined, especially for
mixed. To day, the market wag a little depressed, No. 2 graded
closing at 29@29^c. for mixed and 31c. for white ; No. 2 Milwaukee sold at 80c.
The following are closing quotations
No. i
Superane StAte
&
*
33®
2 90
Wheat-No.3 spring.baeli $
No. ^spring
No. 1 spring
West-
ern
Extra Stite, &c
Western SuriDg Wheat
extras
do XX and XXX
do winter X and XX.
3 30(4 3 85
i 10& i iS
4
4 35
6 S5
4
6 23
6 (X)(» 8 00
4 15® 5 SO
4
. .
00©
60»
25®
do Minnesota patents..
City shipping extr,is
City trade and family
S 15® 6 25
brands
Sontbern bakers' and family brands
5 00® 6 50
Soalhcrn shipp'g extras. 4 40A 4 85
1
1
For the
1
1
.
do steamer grade.
Southern yellow
0>a
IK®
39a
C.mcal, "
Ume
Since
Jan. 1.
1,S13,U5
1877.
1,180,918
3,1)75
88,406
115,1)58
Wheat.bns. 748,t>0J 21,31(2.559 l,76i,li9S
Corn.
" l,8iJ4,24( 14,186.953 9,807,195
"
Rye,
88,996 I,Bi7,3ai
328,999
Barley, "
^^\,^H *J,2;9,12i •1,M5,S80
Oats.
"
433,810 4,557,550 3,892,771
,
Including malk
.
.,
For the
week.
Since
Jan. 1.
61,6b4 1,119,055
4,2»1
81,2-18
913,513 20,251 350
781,974 10,305,819
90,3ii4
I.904.55>
13,849 l,471,88ff
86,889
746,404
for
week..
Three weeks ago.
Flour,
Wheat,
bbls.
60,777
9,121
bnsh.
3,821,476
8.688.147
1,939.127
732,5-20
8,^3,713
42r.,8ia
51,166,-J06
47,'06
79.870
292,556
93,193
2.3,941
12,836
8,190.148 2,31.3,153 2,074,656
37,075,702
6,995,5011,523,261
58-2,722
3.M84,041
8,684,731
7,173,692
l,S89,m
485,211
106,899
23,674,373
931,886
108,207
Corn,
bash.
Oats,
953,923
86,6;
303,121
Rye,
bu^h.
bash
S
90,-3O4
Peas,
bash.
S0,26J
11 ',423
..
.
374,861
141,757
134,977
260,548
586,441
225
92,143
61,090
92,^52
69 583
1.681,691
1,394.488
1,801,763
1,918.051
2,371,291
2.200,173
3.532,378
2,504,513
162,174
111,973
185,511
114,341
75,291
....
181,212
61^9i9
90,364
63,255
81,414
243,871
201,474
62,852
72,364
44,482
barley.
corn.
:
27
Milwaukee
<'5
Dalutb
Toledo
at—
Com,
Oats,
Barley,
bosh.
busb.
bach.
bnsh.
1,487,700
616,623
25,600
603,153
64,000
62,192
151.238
14,7.9
Albany
800
Buffalo
62,678
700.i83
893,940
65,656
238,950
146,495
57,000
145,777
148,965
406,339
268,469
2.086
8,008
8,118
80,888
237,433
122,180
824,368
1,000,098
Detroit
Oswego*
58^
Philadelphia*
Peoria...
(1st)
Indlinapolis.
KansasOlty
Baltimore
KlU shipments, week
Lake shipments, week
On canal (8th>...
_
17,153
1,556,751
51,742
....
448,373
sf,4J2
181,003
877.499
849,702
....
180,561
780,000
111,193
197,507
4*,000
15.6:8
237315
873,541
...
453
113,662
81,477
12,000
71.6i0
101,792
19,509
16,468
60,478
20,393
1,0M
39,261
l,4li7
16,868
2,127
....
61t
14,687
9.997
48,0o0
17,371
63,465
69,000
1,103.514
1,208.938
1,580,042
1.80J.559
1,394,488
1,482,808
1.075,835
1,078,184
«»4,6J8
521,817
626,0 3
807,728
573,489
600,4SS
....
2,425
21,000
9,676
1,427
49,000
82,001
1,119
1,»1
52,.571
175,384
1,057,840
72i,102
2,181,117
1,357,000
Rye,
bush.
143,889
46,000
9,902
61,259
13,469
...
293,121
291,581
317,(,00
,
1S77.
week.
1,600
8,677
1,152
12,418
was as follows
29 jf
For the
4,000
....
The Visible Supply of Grain, comprising the gtocks in
granary at the principal points of accumulation at lake and
seaboard ports,- and in transit by lake, canal and rail, June 8,
1
as
20J0
lt;2,722
From New York— 13,658 bush, ba ley. Prom Montreal— 4,961 bush,
From New Orleans--l,146 bbls. flour, 27,261 bush, wheat, 100,219 bush.
Chicago
65'iS
1378.
al
15
26®
Barley— Canada West....
State, 2-rowed
Same
To
Twoweeksago
St.Loule
Boston
Toronto
Montrral
State
Oats— Mixed
While
29,083
21,000
68,958
....
Previous week
1
1
46®
53®
f2@
Southern white
Rye— Western
60,858
week.
Flonr, bbls.
.
Boston .
Portland
Montreal
Philadelphia
Baltimore
New York
,
1878.
From —
New York
00
08
110^112
RedWintcr
White
Corn— West'n mixed..
23,272
73,00
EXPORTS FROM UNITED STATES SEABOARD PORTS AND FROM
MONTREAL FOR WEEK ENDED JUNE 8, 1878.
In Store
97®
06®
Kye Hour, superfine
3 10® 8 60
State, 4.riiwed
Western feeding
Corn meal— Wcstern,&c. 3 1.^ i 5)
40®
Corn meal— Br'wine, &c. 2 80® 2 85 Peas— Canada bond&free
89®
The movement in breadatufis at this market baa been
follows
,-BKCIIPTS AT inw TOBK.-v
IXPOBTS TOOM HIW TORK
.
6M,171
Wheat,
QaiiR.
bbl. tJ
157,085
146,680
117,453
Tot. Dfcc 31 to June 8.3,693,942 31,262,619
Same time 1877 ..;., 2,963, 445 3,316,887
same time 1876
3.836,344 16,8 2,036
same time lo7d
3,901,82113,119,005
1878,
•
:
Flocr.
14,509
11,837
PreTiousweek
sell,
precarious condition of
16,-2S9
1.5,710
Philadelphia
.
,
Since
Jan.
1.
5' 6,0il
16.097
2,852
107,-MO
197,691 ^,^51.5'J3
831,969 9,3?6.7«4
4;!,20»
5.38,769
85,963
5,972
3T7,.'te9
71,137
ToUl
Jnne 1,1878
May
25, 1873
Majl8
May
11,
1878
1878
May
4,1878
April
27, 1878
AnrilO. 1878
Jane9, 1877
*£ttlmated.
.
.
6,815,973
6,975,914
7,6j7,664
7,649,665
8,045,647
8,394,f83
7,921,483
7.721,565
4,481,912
10,367,648
10.89S,!8iS
8.982,214
8,225,712
9,008,508
9,583,1S2
9,7o8,888
10,184,932
10,876,741
2,503,207
2,487,856
2,811,349
2,157.643
1,087,164
2.083,801
l,l«»,!ia)
1,990,198
2,212,648
U9,989
6«8,85t
632.815
$68,118
1
:
,
'
THE CHRONICLE.
608
Exports
THE DRY GOODS TRADE.
Fribat, p. M., June
tlie
'>f
from New York.
Iieadiug Articles
The following
14, 18:8.
week was characterized by a
continuance of the dulness noticed for some time past. The
package trade in most descriptions of seasonable goods was of a
The market during
[Vol. XXVI,
past
very moderate character, and operations for the fall were almost
entirely restricted to heavy woolens, in which class of fabrics
the movement was much less active than expected. The jobbing
trade was, as a rule, very quiet, sales of summer goods having
been interrupted by the prevalence of cool and unseasonable
weather, which has checked the consumptive demand to some
Values continued fairly steady, except on prints— some
extent.
large lots of which were closed out at very low figures and
cotton-warp cassimeres, sales of which were stimulated in ex-
—
table, compiled from Custom House ret urnf,
shows the exports of leading articles from the portof New York
to all the principal foreign countries since Jan. 1, 1878, the
totals for the last week, and also the totals since Jan. 1, 1878
and 1877. The last two lines show total values, including the
value of all other articles besides those mentioned in the table.
TOO
.
3 -s-T*
a: =
O! OT
O
o (-
'la'if
C»
to
"3
'O'q;
G*
'T-t
•V x>
IX)
t~ in t
COO
by price concessions.
Domestic Cotton Goods. The leading feature of the cotton goods market was the large export movement. The shipments of domestics from this port for the weeking ending June
11 were 7, 289 packages, which were sent to the following
ceptional cases
—
I— Art «*
China, 5,804 packages;
markets:
505 Hayti, 191 Danish West
can Colonies, 44 British West
Prices were fairly maintained
brown and colored cottons, but
;
;
;
Great Britain, 543; Brazil,
British North AmeriIndies, 43 Venezuela, 40, &c., &c.
Indies, 58
^ -^ iO CO t-
»-»
ff*
•
^
aO
'
I—
O
t.--4fT;oeoco
CT1C30
o
in -
-
(D
it^
ft."?*
"
— — so
—
ss
^_4
en
e-^ca
o^
;
ccco
;
by agents on the best makes of
certain makes of bleached shirt,
ings, cheviots and cottonades were dull and unsettled. Grain
bags were in good demand and firm, owing to the lightness of
the supply, and cotton warps and yarns were in moderate request at unchanged prices. Print cloths ruled quiet, and the
extreme figures of the previous week were barely maintained
Extra 64x64 print cloths were quoted
•
•
at 3|c., cash, bid to 3
.000
4-J
^ ^nn
S
-S
ui
'
CO
.31
•
l-»0
'Kf Co3 <r*^
:
SqCN
*
0>
•
'-•
.M
.
•
•
••-!
.50
00
S
:S
men
•
AT)
•
t- Oi
"cDaiso
-c— *h
•
*
no
:28
716c.,
^
'~'^'!:
•2S
'-^
;
per cent, asked, and 56x603 were dull at 3c.
cash, to 31-16c., 30 days. Prints were quiet at regular prices,
but some large sales were effected by agents at reduced quota-
less one-half of 1
tions.
—
Domestic Woolen Goods. There was an irregular and on
the whole unsatisfactory demand for men's-wear woolens. Allwool fancy cassimeres were taken by the clothing trade to a moderate amount, and worsted coatings continued in fair request.
Cotton-warp cassimeres dragged heavily, and some large lots
Sl^
pi
.
.mot .xit-
•
'in
.ur?o« .w
were closed out by agents
at a marked reduction from opening
Moscow beavers and cotton- warp beavers were lightly
quotations.
dealt in, despite the low prices prevailing for such fabrics
•
-«2» 3?9gS;^SIfeSSSa
•_
otT?
^•0
C-
-*
C3
rf«r
but
Cloths and doeskins
;
•
fancy overcoatings met with moderate sales.
were only in limited demand, but cheviot suitings received a fair
share of attention. Kentucky jeans met with fair sales, but the
O
tNODOD-f
3
inOOSO
T I- OT — ^n ;^SSS
.
^^355
••-«
'CO
"Si
movement in such fabrics wa.^ irregular, and a marked preference
was given to the best makes. Satinets ruled quiet, aside from a
few printed styles which were sold in moderate lots to a fair
aggregate. Worsted dress goods remained in light request, and
shawls were almost neglected.
FOKEIGN Dry Goods.— There was a very light demand for
imported goods at first hands, and jobbers' sales were mostly
confined to small lots of spring and summer goods, dress fabrics
and pilks. Millinery goods and ribbons were less active, except
black trimming velvets, which were in fair request. Linen and
white goois ruled quiet and steady, and liberal sales of Hamburg
embroideries were made through the auction rooms at fairly
05
T<
Aft
:
5S
s«
:
:
«
<9
.
V &» CO
ef
If)
t~t
.
"
-O -^ CO CO
• (?!_
'uS *cdco
.«oo
;S-S
.as 11
Eatisfactory prices.
Imitartatlans of Dry Goods.
The importations
lS7ti-
Pkg8. Value.
Mannfactnree Of wool
234
cotton.. 582
do
do
do
silk
flax
Total..
...
Pkes.
$91,826
QOO
6(3
38S
614
234
100,517
G5,4SS
2,380
1,925
$569,608
4,125
|568,213
l.iJ,419
18i),891
—
,
Valne.
$69,356
166,199
169,610
105,960
61,193
875
600
Ulscellaneoae dry goods.
1877
,
»_
J5
dry goods at this port for the week ending
June 13, 1878, and for the oorregpondin£f weeks of 1877 and
1876, have been as follows
SKTBBKD FOB OONSUHPTION »OB THB WBBK KNDIHe JDNE 13, 18"8.
of
^
2a
Soo
Ji-lT^GOO
1878
- (O »0 --jO
Pkes. Valne.
820
»73,805
64
313
531
6S8
170,494
3,396
$517,942
O
U3 94
T]!
3^
<?<>
wff*
*-l
nu.no
; cr.^
101,133
63,860
-w
«9'
"^c*
e*
rH
ITBSBAWN FBOM WAaBHOOBS AND THKOWN ISTO TBI MABKKT DOBINS TH«
Uanafactaree of wool...
do
do
do
cotton.
SAME FEBIOD
187
173
silk....
68
Sax
UlBCellaneons dry goods
528
608
Total
1,463
Add ent'd f or conBumpt'n
1,!)25
Total thrown nponm'k't. 3,383
$79,207
66,233
67,032
1C6,344
6,822
.00=^
156
126
63
162
6S3
$62,862
33,721
42.171
36,666
32,864
135
55
65
284
1,953
•
•m'^'-<
•
;
.
$55,645
15,585
35,208
35,581
33,066
$314,638
669,603
1 149
4,125
$202,234
668,213
2,482
2,396
$175,105
577,942
$884,243
6,274
$770,603
4,878
$763,047
So
*
Jo»
to 5^ f^ to
S
'3 cc
V ^*^0
,
^ O 00 ^^ M a*
S™5?v'Wto^»j*.rjcicsr-e*t-OW
oqt'
?? f^ ai ^H ^4
«~ OJ_
o*
^
^3 «
52
^j IV ^H ^H
-'SS'-J-eo
v«4
^r
CO cc
« ®
BSTCBXD FOB WABKHOUSrae DDBINfl BAHB PBBIOO.
Uanotactores o{ wool
do
cotton
silk
do
do
.,
flax
HlBcellaneons dry goods.
Total...
2!0
215
$58,176
23,728
31,038
86,373
9.411
QOao
120
$60,150
133
141
43,1183
51
261
48,261
37,773
80,107
88
49
1,527
201
625
$53,699
28,158
5
:
i
82,396
35.196
46,809
648
J148.:S6
668,213
I,C96
2,386
$191,258
5t:9,603
2.091
4,125
$209,374
1,985
at the port. 2,573
$718,384
6,316
$777,t92
3.492
$"69,900
&dd ent'd tor conBompt'c
Tot^enterad
127
60
577,94i
Pk
:a
OS
^si
oa
irf
Bo
i3.^=|2 SsH a s is lip is J sJ||...
oS.
goSWMO
^^ 5 S o o
n
:
- -.-
M^ti
bIS
.
.
JUMB
15,
1878.J
Poi.tnticrt
V B.
BiiKADS T U FFS-Sfis iDOCtal rs90rl.
BAY-
2 [0
Phllailelpbia
:
UU
)8
IX>
bbl.
bbl.
Unu—mut, common
suie, flaUblnii
IwmXr- Flne,gM to M.dry V U
DO
*iA
to
It. 40 IW
Pin«, shlaplnK. box
... It OP
23
do tally boards, com. to c'a,A*ch.
Oak
V M.lt. 31 00
Ath.good
33 00
Black walnut
73 00
Sprncc boardiA plankt, eaeb
21
Hemlock boardt. each
IS
Uaple
VM.n.3000
JTailo— luatOd.crm.ren.A sta.li keg ...
Cimch,i)< to 9m.Alaager
t '«
•
«
•
•
_
9
c
a
9 21
» UU
27 OU
....
...
^
3
40 OU
3« 00
00
27
i
I
110
I
M
18
18
17
12
15
n
14
g
OHKESK—
State factory. prlmetocholce....VB
Weitern factory, g'dto choice.. '•
8H
7
6
OOAb12
will
8 ISO
18 OU
prices at
UOa
ahow
auction or prfnect Fcnedule ratei:
Fenn.
Sched.
O.L.*W.
U.*H.
Auction.
Sched.
N. T.
Harbor,
New.
Uay29.
burir.*
Hoboken
Sfmb. »3
»3 1:H
15
.
Orate... 3 49
Kk'e .... 8 to
^... 3
It.. 3 40
M
®3
Sched.
Port
JohD»-t*n.
tS 10
380
3
3 75
3 75
4 10
4
60
8 -.3
3 25
* W.
B. L.
tS 01
3 41
3 53
r.Jk
3 90
50
cent) per tun aUdltional for delivery at New
OOKKKK—
Klo, ord car. 60 and 9C days .gld.i) >
do
gold. "
do fair,
do
gold. "
Jo Kood,
do
.gold. "
<lo prime,
Java, mats
NAtlveCeylon
gold.
gold.
gold.
gold.
M*-xlcan
jAiualca
itaracatbo
tJ'uungo
8aVH:,ll:,
goldj
gold.
Co»t8Klca
goM.
St.
131<
15X
isxa
i<Ka
'*
16
1«X
a
n e
23
15
:«X
2u
'•
**
"
'8
a
16
\V**
13 a
"
gold.
goid
LagiiHj'ra
S
....a
13
.
'•
14
15
18
14
"
'•
'
17
16
e
a
13K
n
a
a
17
JOPPKK» B.
Bolts
....a
Sbeathinff.new (overl2 oa;
Braxlers'cover 18 0Z.)
Amsrlcaa Ingot. Lake
JOITON— See apeclal report.
>i{(;us
urss—
Is
Alum, lamp.
Am
V
100
lb
cur
Argole, crude
V B>. gold.
*•
Argots. retlned
••
Arsenic, powdered
Bicarb. soda, Kewcastle.VlOon ••
V lb
potash
Bleaching powder
BIctaru.
Hrltnitone, 2nis
Am.
V
B.
lio
& 3rds,per
"
Chlorate potash
Ochlneal.HondnrdB,
sliver,,,
>'!ba,
•r^h
powdered
ISti
'•
per
22Ka
23
t
19
30
ICO lbs,
jrlce paste,
a
3 is"
1« 90
95
fflxa
it'X
56
90
8
"
orlce paste.Slclly
>rtce paste, Spanish, solid., .gold
"
ler, Dutch
••
Mer, French, K.X.F,F
gulls, bine Aleppo
cnr.
*
vltrioH66 Brimstone)
uplura, Turkey ....(In bond), gold.
potash, yellow. Am.. cur.
*?ilcksllver
gold.
'itrilne
cnr.
'i'>arb. China, good to pr.... •*
40da, Newcastle.. V lUO B, gold
11 Lac. 2d 8t Itt English.. TIS.cur.
'a ash
<< 1(10 Ii. gold
>t\T of lead.whlte.prlme.Vlbcnr.
"
r:oi. blue, common
'
9
22
Herd. No. 2, Bay
1
90
do
io
''0
,
.
per
so lb. frail
Layers, new
Loose, new
Valencia, new....
'Grants,
.nom.
3ea,
Turkish
French
28
28
7W
a
43
90"
I
1
I
20
22
57X
3 85
a
a
a
9
....a
1
I
O »
O
w a
ij^l
,
mew)
eva
50
00
20 00
II
w
19 00
3 40
1 66
2 05
ll^
a
17
Hgs, layer
Canto u
V case,
<• in ger,wh.ft hf. pots.
oardtn.'-. |li halt box
Saril' .-. * quarter box
Ua'-.an.ui. Italian
...
_
'Ia
10
1 5u
a
WMa
""P'rei, halves and qrs.,.
o.—'l".,
Blackberries
Kaspberrlcs
"".'
ijherrle", dry mixed
Plums, State
W»»rtleb«frle»
Ii!."'.Ii
',
is"
B 00
19
12X
Dotnf^iic Dried —
Apples, Southern, sliced
do
do
quarterg...
do
State.sllced
.,,,...
do
do quarters,
rescher, pared, Ua, good to choice
"
i>rv-BaenoaAyres,selected.Vltgald
"
Montevideo,
do,...
Corrlentes,
14
it
it
it
a a
» a
a
10 a
'•1
8
4
6
4
*
Orinoco,
California,
"
"
Para.
Re-realeJ Caiigoao,Mo.
California,
'*
"
Calcutta kips. deadgreen..
Calontts, buffalo
18W
18
18
18.S
*'
•
Vorks. com. to med...»
good
do
to
prime
9
Q
Yearlings
2
5
I
Porelgn
Domestic,
INDIA liUBBEft-
IK
..?
10
II
....
8H
V
3IS
NIcaraena, scrap
Honduras, sheet
Mexican, sheet
35
34
83
....
....
85
.•••
IBo^-Plg, American, No. 1
Pig, American, l<o.'4
Pig, American, Forge
Pig, Scolcb
V
ton.
18 50
15 90
14 M)
22 75
a
more
Prlcen.
a
a
a
18 00
17
w
16 00
J( OC
Bar, Swedes, ordlnarysIi.es..*' ton. 130 00 ai32 50
»lb. 2 5-lCa
Scroll
5
doop,Hx.No.22 to lAIXx 18*14 -•
5
2
gold V Ik
Sheet, Knssla
lOKa
II
Sheet, single, doable A tr'^ble, com.
4
Sna
36 OO
Rails. American
v ton, cnr. 82 00
Mu
a
Steel rallr,
American
43 00
LBAD-
V
OrdluarrioreUn
Domestic, common
Bar (discount, 10 p.
"
"
Sheet
lOOIbs, gold 6
cur. 3
VD
c.)
a
a
44 00
y.H%
2'J
C 40
a
a
....
4h
a
LKATUER-
6
Hemlock.Buen.A'rei, h.,m.*I.Vn.
"
Oallfornta, h., m. A 1
**
common I'tde.ti., m. Al....
**
rough
Blanghtercrop
Oak, rough
19
il
2S
26.
Texas. crop
25
a
26
35
A
a
a
38
19
19
a
a
a
2i
ViH
21
a
a
a
25
27
8U
MOLASBBS—
Cuba, clayed
gal
"
fl
Cuba, Mna.,refln.gT'ds,50tfSt,
do
do grocery grades.
Barbadoes
Demerara
Porto Ulco
I
...
N. O., com. to prima
*'
**
82
,
NAVAL 8TOKE8-
V
M a
bbl. 3 00
"
2 00
"
*gal.
Pitch, city..
Spirits turpentine
Roein, strained to good ttrd.V bbl.
" low No. I to good Ho. 1 "
" low No. 2 to good I'o 2 "
**
low pale to extra pUc. '*
windowglaas
**
NUTS-
V
Almonds, Jordan shelled
2 00
47H»
1
1 73
1 59
2 50
eo
IS
as
i<
V
Olive, in casks* gall
Llnseed,caBksand bbis
Menhaden, crude Sound
toextra
Whale, bleached winter
Whale, crude Northern
1
gal.
^-
57
60
56
45
91
1
"
09
49
C&KK—
..
City, thin oblong, bags, golit, V ton.
Western, thin oblong (Dom.)cur " 80 00
PBTBOLKdM—
* kaL
'
Crude, In bulk
Cases
.,.
115
98
a
a
a
a
a
a
81^
Ml
97
47
»J
1 12
92X
6
•
'\i
ViH
a
...
....
"
10 00
11 7S
"
20 00
tji
"
VB.
Carolina, falrto prime
Louisiana, lair to prime
bond
8ALT-
«
Tnrk'slsland
**
Vsaek.
SBSDSClover, Western
Clover, New York SUto.
Timothy
Canary, Smyrna
» ».
V
bnsli.
Canary, Sidly
Cannry, Duich
n
Flaxseed, American, rough.... ....
Linseed, Calcmia
V 3< ». gold.
Hemp,
Unseed Bombay
iM
....
•
...
....
28
85
....
IX
I
8
40
IW a
a
a
a
1 S3 a
90 d
1
...
....
1
•
10
<xa
••
Brazil. N08.9011
iJ^/lnefl— Hard, crushed
"
"
"
Uard,powdered
do granulated
do cot loaf
*'
'*
Coffee. A, standard
off A
do
WlilteextraC,
KxtraC'io
Yellow C
Other Yellow
Molasses sugars
••
••
"
••
"
"
»
».
•'
Out-of-town
TIN—
Banca
gold.Vlk
"
14X3
'*
'
g
d. 5 80
9 73
fair
Saperlor to fine
Extra fine to finest
do
do
do Choicest
Young Hyson. Com. to
6Cf
fair
''S
Super, to fine
(to
I 77H
2 5;
I 75
195
143
99
a 36
a 8S
a 4S
Nominal.
20 a
21
23
89
Ex, fineto finest
do
Choicest
do
9ttopowder.com to fair
Snp.tofine
do
do Ex.flne to finest
do Choicest
BS
w
Son.to
(.0
8U
4S
60
93
27
40
es
fine
18
Nominal.
»
Uncolored Japan, Com. to fair
Sap*rtoilne
do
Bz.flnetoflnest
do
Oolong, Common to talr^M*
do Superior toflne
Kxnneto
do
do
as
eo
27
88
so
finest
75
Choicest
Bone. A Cong., Com. to fair
Sup'rtofine
do
do
43
60
KT.flnetoftneat
Choicest
do
*»
Kentncky lues, heavy
•
"
com. to fine.
leaf,
Seed leaf— Sew Eng.wrapper»';»-''i7
•'
"76-77
fillers,
do
Yara,land Il'-nta, aasorted
Havana, com. to fine
Manufac'd.m bond, black work
"
" bright work
WOOL-
Amerlcan XX
American. Nos. I *
American, Combing
.*»
«..
3
Extra, Pulled
7
7Ka
1 Hi
,
VCBB giM.
...
7)«a
..
forelgu
110)
12 00
M a
28 a
2 90 a
bush.
MarUn
Liverpool, Ashton's fine
....
....
....a
....a
....a
"
Fatna, only paid
13 CO
CXa
"
....
a
a
a
a
....a
....a
6-93a
"
BICE—
87Ha
"
«•
Hams. smoked
In
'*
"
Lard. City steam
Rangoon,
bbl.
....a
•
"
Pa. assorted lots, 76-T7
V
•
"
Manila, gup. and ex, sup
Batavls. Nos l"ai2
lOBACOO-
PKOV1S10H8—
Pork, mess, spot
Pork, extra prime
Pork, prime mess. West
Buet,p!aln mess
Beef, extra mess
Beerhains.Weatern
Bacon, West, long clear
IS
...a
**
Melado
^30
a
....a
....a
.
31 00
30
14M«
llKa
•
"
Naphtha, City, bbls
12H
SOH
32X
6
a
14
S5^
"
Prime
ExtraAnetoflnest
do
Hyson Skin. A Twan.com. to fair.
do
Sup. to fine
do
Kx. fine to finest
do
do
81
a
iSSI
Porto Klco rcfln fair to prime '•
"
Boxes, caytd, Nos. 10ai2
"
Centrifugal, Nos. 7al3
8j
"
9
Inferior to common re&niog.„,1l A,
••
F-lr
**
refining
Good
a
a
a
**
more Pricet.
16
l4Ha
6«
Bxa
SriGAR-
Imperial. Coin. to fair
"
a 8w
,
lOK
1 10
"
English, cast,2dAlstquality Vftgold
KngllBh,8nrlnK,"id A Ist quality,, *•
English bllfiter,2d A Is t quality,, "
"
English machinery
English Qerman,2d A 1st quality "
cnr,
American blister
1)
"
"
C7S«
4Sa
8Ha
35
"
Sperm, crnde
Sperm, bleached winter
Lard OIL Noe. 1 and 2
n.i
I
'•
STKKL—
American cast. Tool
American ca^taprlng
American inacbtnery
American dermar spring
204
2
"
N, 1 „ ..
(Cal,) dellv. In
cur.Vn
«J<
a
860
gall,
Uyaon, Common to
SE
OILBCotton seed, crnde
Whlskev
....
4<ka
•)<«
a 00
8 60
"
a n 00
a 8 OO
a 4 00
a 8 2(
a 4U0
a 890
;!5
a
Pecan
V
9 79
to
8 so
4
•'
,
ICbx
90
OAKUM—Navy.U.S. Navy A best «».
•'
••
English, refined
Plates. I.e.. coke
Plates.cbar.terne
4 00
12
'•
Straits
a
a
a
lb.
gal!.
Croix, 8d proof
Brandy
gold.—
.
V
45
8 75
Naples....
Neatsloot, No.
a
M
20
10
20
80
Whiskey, Scotch
Irish
do
Domestic llquort-^
Alcohol
'
..a
,.a
Mace
ftO
2 25
2
2
30
1
a
a
a
'a
Brazil
Filberts, Sicily
Walonu,
a
6 00
a tfiH
.a
Prime city
Nominal.
Nominal.
"
"
"
«i3
-a
TALLOW....
....
9 00
4 B7M
Nutmegs, Bstavlaand Penang
Pimento, Jamaica
Cloves
do stems
St,
(»ln
8
50
•
rxa
9
ft, gold
Bum- Jam.,4thproot
8
81
Panamuatrip
Bi.
ear.
Brandy, foreign brands
B
II
8
a
a
87>ia
a
a
a
87 a
SS a
84- ®
a
Pars,fln«
Para, coarse
Ksmeralda, prebsed, strip
Guayaquil, p^eseed, strip
OIL
a.fold.
100
common
Pepper, Batavla
do
Slnaapora
wlilte
do
Uasslu, China LIgnea
Ilatavla
do
OInger, African
do Calcutta
U
ut
a
a
SPICKS—
..r.
a
a
i^
a
®
6
Ka^tern
Wisconsin
Old
**
4 79
4 73
1
SPIRITS—
U0P8-
<«"
8PBLTKB-
ItH
Hlka
llxa
17Ha
900
« 79
19
I
ite-reeled Tsatlees, best
BH
eS
a
a
S a
a a
> a
9X4
13 a
in a
8 a
"
do....
"
do....
do.... cnr.
kips.slaught. gold
4
10
21
13
12
Tsatlees, No. 2
Taysaama, No.
7
a
a
8W S
SILK—
....
....
a279 On
li
19
"
do....
do,,..
do,.,.
do....
RIoOrandr,
ReHned
7M
Oatos
i
27"
a
new
ron
ilo
9S
4 10
1 15
18
19
11--
aiit:ks, Seedless.
a
a
a
a
a
a
iKa
saim
22 a
47xa
8 so a
90 a
ii2s<a
17 a
• 00
It 50
.
a
a
•xa
ur'd Bk.k ieorge's (new) cod.V qtU 275
lIsekerel,No.l,%f. shore
.bbl. 14 00
Mackerel. No. l.-Bay
....
.-kerel,No.2 Mass. shore
a
a 9
1
.
Prtisslate
10
70
17
21
26
29
**
Calabria
3
*'
4
20
a
7SCU a
••
I
24Xit
"
"
American pure
«
«
2Xi
90
60
Jute
..pariooib.gold
Nitrate sods...
HIDKB-
Tar, Washington
Tar, Wilmington
9
....e
CQT.
-»rlne.
a
a
gold.
^eng
a
19
3 75
cor.
cur,
"
Kast India
iijter
.
16XJ
17
'*
Cochineal. Mexican
:'?am tartar,
28
28
ii
2:i)
ton.gold. 24
roll
V»..cnr.
••
Camphor refined
Castor oil, E.I. In bond. Veal.. gold.
Caustic soda
3
V 100 ft "
Brimstone.
....a
...
"
C.)
10
a
a
6^4
5H«
4M«
Carthaifcna, nresseil
Nicaragua, abeet
9
LlTerpoolgae cannel
lilTerpootboQBPCaDnel
81«al
New
*•
Crude
S9
ai93 00
«)0
370 00
"
f»
•
5
6
17C
"
Texas,
A. /.stact— (Jal.
2 40
9 ij
4 39
2 85
a
43
(old.XOOO
Matamora*.
do ..
IPetAaUed-buen. Ay, selected
S
"
•.39 00
«
»
VtOD.
•
am
II
•
AXTBRACiTK— The following
too
Kuaala, clean
f, Oil
21 00
a
Sdllna
Cutsplkei.allilzei
falfiM— Ld., wh.Aiti.para. Inoll V *
Lead, tro. , Amer., pure dry
Zinc, wb.,ATnor. 'Iry. No. 1
Klne.wh.. Amer..No.l,tnolt
Parliwblte. Kr.K., told....V 100 ».
BtTTTBK-JWboletale Prlcei)—
Tabi.goad CO choice 8taie(new) »».
'•
We«l'D creamery g'd to ch. •'
Wel»li,8t»te.gM to choice
"
••
••
Western dairy, fair to pr.
lail
ilKMP AN1).ILI IKAmerlcan druHMuU
AmerlcaL undressed
Manila
Croton
V
V
V
lllver s>ilnp<B>
Italian
BUILDING MATKKlALS—
^ick^—Commoa iiftra,adoKt.,V) M
(Xnuni— KoaeDdaia
iX
SALTPKTRRKeflned.pura
North
4Mtt
^
609
(•UNNIU8.—See report nnder Cotton.
ASHES—
—
.
THE ('HKONICLE.
I
UENKKAL
PHICES CLJRKENT
.
No. I, Palled
.„;
California. Spring Clip—
Saperlor, onwaahed
Fair
Inlenor
•
•
bbl.
BMl
rork
.'Vbbl.
32
38
87
•9
18
a
a
a
a
a
13
as
7
10
BH
1 IS
24
a
88
90
44
40
IS
»
••
19
li
21
18
19
i.a.
• ••
5
8
3!
'.'6
31
*l
to
'.»
36
36
38
gold.
'-aTBAIS.
Heavy roo<ls, .•ton.
Cora,bnkAbga.»ba.
Wheat, bblk A *>*{]••
4X
8
3
to
-.
Smyrna. nnwaahed
Cor.on
Flour
a
a
a
a
«
n •
63 a
u a
16 a
2S
40
SS
•a
n
Barry
Bjnth Am.Merlnc. unwashed.
Cape Good Hope, unwashed..
Texas, fine. Eastern
Texas, medium. Eastern
KBKieHTbToLithtool:
•
s.
—
<f.
a
—sajL.-—
d.
10
16
.—
s.rf.
•.
1944 eomp.
J 6"a « iii
37 • 9.40
7K»....
iX*....
96
•....
4
«...
3 9
2S0
7
7
•
a
a
a
....
*D»
....
....
:
:
:
THE CHRONICLE.
610
Commercial Cards.
Insurance.
Steamships.
O .\ L,
Direct Line to France.
1'
J^JS^
Turner
Brinckerhofl',
&
fVOL. XXVI.
Co.,
OFFICE OF THE
UaQUfuctu:er9 and Dealers In
Tlie Gecciral Trans-Atlantic Company'ii
COTTON SAIL DUCK
Mail Steamships,
AT
A.nd all kinds Df
•COTTON CANVAS, FELTING DUCK, CAR Cu\ Eli
ING.BAOQING, RAVENS DUCK, SAIL TWINES
SO. " ONTARIO SEAMLESS BAGS,
AN TIC
BKTWHEN
MEW YORK AND HAVRE.
Mutual
STRIPES.'
Co.
Insurance
Also, AKCEtS
United States Bunting Company.
A fall supply all Widths
and Colors always
Nbw
No. 109 Dnane Street.
The
AGENTS FOR
York, January
Klilrttt
f'o..
cember, 1877
.
Premiums on
<'i>,.
Ist
and drawers
From Various
A
.)
i.'i
WeiTB
23, 1878.
Trustees, in conformity to the Charter of the
marked
amount
To Pl\-mouth, London or any railway
STRKftl.
PHILADKLPHIA,
IflCHAOHCJV
-1
&
<jeorge A. Clark
LOUIS DEBEBIAN,
Agent, 55 Broadfvay.
2,040,362 61
of Marine
Premiums.
Atlas Mail Line.
$6,751,028 44
dl-UON iHLT 8ERVICK TO JAMAICA, HATTI
OLOMKIAand ASPlNWALL.aud :.o PANAMA and
PORTS (via Asplawall.)
No Policies
have been issued npon Life
upon Fire disconnected
with Marine Risks.
Primiuras marked off from 1st January, 1877, to 3l6t December, 1877.
.
$4,902,331 08
Losses paid during tlie
Risks, Bor
Bro.,
. .
same period
$2,565,890
Returns of Premiums and
27
iOlITU PAilFIC
f'tist-clas", full-powered.
No. 11. North River.
For Elngston (Jam.) and Haytl.
June i7 ATLAS
KTSA
I
Kor Haytl, Colombia, Isthmus of Panama and South
Pacific Ports
AILSA
June
miLWARD'S
IIULIX KEEDLBS.
400 BR )ADWAT, NEW YOBK.
&
D. W. Lamkin
CoT^
Cotton Factors,
VICKSBURG,
CashinBank
Total
Orders to Fnrchase Cotton In our market solicited
Refer to Mossrs. THOMAS J. SLAUGHTER, Ne»
York.
Insurance.
HOME
Insurance
Company
135
BROADWAY.
Forty-Niuth Senii-Annnal Statement,
Keserve forRe-lnfiinnce
Keserve for Unpaid Losses ana
Dividends
HetSurplus
$3,000,000 00
1,836,433 31
256 301 42
$li,
SUMMARY OF
Cash In Banks
Bonds and Mortgaees.
109,526
Bank Stocks (market value)
and City Bonds (market value)
Loans on Stocks, payable on demand
(market value of Securities, »42T,098)...
Interest due on ist of January, 1:178
Balance In hands of Agents
A Dividend
of Forty per Cent,
7th of
May
is
l»
RHODE
Dally from Pier
IW
Hereafter the
33,
ISLAND.
North River, foet of
STEAMBOAT EXPRESS TRAIN WILL
LEAVE STONINGTON AT 4:30 A. M.
State-rooms and tickets secured at363 Broadway and
at all offices of Westcott Express Company In New
York City and Brooklyn. Also tickets for sale at all
hotel tlcket-ofilces.
PROYIDEIVCE
L,INE.
FREIGHT ONLY FOR
Providence. Worcester, Nashua and
aU Points North.
5
p n
•
Steamers leave.
Dally from Pier 29 North River (foot of
'
Warren
street.)
Freight taken via either line at lowest rates.
D. S. BABCOCK, President
L. "W. FILKINS, General Passenger Agent.
Publications.
de.
next.
CHAPMAN,
314,215 47
65,212 39
135,'^04
Secretary.
Total
$6,109,526
-.5
niARTIN, President.
IVASHBURN,
Secretary.
APRILI2T>! 1842
TRUSTEES:
3.
D. Jones,
Charles Dennis,
1.^
7,871 20
^,
W. H. H. Moore,
Charles H. Russell,
David Lane,
Daniel S. Miller,
Josiah O. Low,
Royal Phelps,
C. A.
iifeXnE endowment policies
4}ltTERMS AS FAVORABLEASTHOSEOFANYOTHERCO.
'«ASH]CSETSoyER$aO.OOO.OOO..
F. Yot;ngs,
John D. Hewlett,
Adolph Lemoyne,
Charles E. Marshall,
approved description
Lewis Curtis,
James Low,
Gordon W. Bumham,
William Sturgis,
William E. Dodge,
Thomas
Hand,
William H. Webb,
Francis Sldddy,
"
1868.
THE
Review
Manufacturers'
of the Board,
H.
ESTABLISHED
& Industrial
Record,
j
A MtONTHLY JOURNAL,
2,016,903 Ot3,016,875 Oti
251,190 00
124,628 0('
office
"ts eVer,y
>
premiums of the Company
for the year ending 31st December, 1877, for which
certificates will be Issued on and after Tuesday, the
7fi
12,500 00
ORGANIZED
EAST.
7 Consecutive Years.
STONINGTON and
clared on the net earned
By order
^Premiums due and uncoMected on PoUclea
J.
in
THE ELEGANT STEAMERS
the issue of 1874
bej-edeemed and paid to the holder! thereof,
or their legal representatives, on and after Tuesday, the 5th of February next, from which date all
interest thereon will cease. The cerUflcates to be
produced at the time of payment and canceled.
Upon certificates which were issued for gold premiums, the payment of interest aud redemption
J.
Keal estate
J. II.
the outstanding
1161,72" 56
:8tate
CHAS.
$1 4,366,351 66
be paid to the holders
thereof, or their legal representatives, on and after
Tuesday, the 5th of February next.
certificates of
Not a Trip Missed
63
Hen on
real estate (wortk $l,29-,'«0)
United States stocks (market value)
Issuedat this
Six per cent. Interest on
ASSETS.
belnjf first
AND ALL POINTS
01
certificates of profits will
first
1,016,71)3 02
TOT.iL ASSETS
00
will be in gold.
SHOWING THB
Condition of the Company on tlie
day or January, 1878.
"CASH CAPITAL
A«muwah).
ALPS
Stonington Line
FOR BOSTON,
00
will
OF NEW YORK,
OFFICE, No.
of Assets
The outstanding
I
THE OLD RELIABLE
265,364 02
amount
13
first-class
New York
Stock, City, Bank and other stocks. $10,565,938
Loans, secured by Stocks and otherwise
1,163,200
Real Estate and claims due the Company, estimated at
="fel7,436
.^
Premium Notes and Bills ReceiTable. 1,764,393
miss.
(^iirt
passenger accommodation.
PIM, FOBWOUD & CO., Agents,
No. 56 Wall treet.
Superior
the following Assets, Tiz.:
United States and State of
Iron screw steamers, from
i'ler
Expenses... $947,923 86
The Company has
station la
p:ngland— First cabin, *90 to f 100, accor^Ung to accomMiodatlon; second cabin, $f>5; third cabin, $Sj, steerage, $27, Including everything as above.
Return tickets at very reduced rates, available
through England and France. Steamers marked thus
() do not tarry i>tecr.tge pi8sen.ger8.
For passage and freight apply to
BOSTON.
W. IIATTi^N. a.Kl<'HK8TNvr Stskkv.
—
utensils.
off
January, 1877
Total
Mills.
its
Wed., June 19, 9 A.M.
Wed., June 26. 2 P. M.
Wed.. July 3. 8 .\.M.
GOLD
(Includlug wine):
IN
cabin, JlOO; second cabin, t 5; tnlrd
steerage, |;26 Including wine, bedding and
;
$4,710,683 83
;
Policies not
AND
NEW TORK.
L xKRADUR.SaLgller
CANADA, F.augeul
•PEREIKE, Danrc
PRICE OK PASSAGE
'jabin, f:^
Company, snbmit the following Statement of
affairs on the 31st December, 1877
Premiums received on Marine Rislcs
from Ist January, 1877, to 81st De-
E.R.Mudge,Sawyer&Co
Iloklerr.
—
To Havre— First
In stock.
Waslilnictou iTIIIIn, <'lileopee Tlfg;
Uiirllnstou Wooleu Co.,
dlcrtoii New JlillK,
AtlaiiUc Co toil ItlllU,
Saralosa Victory Mfs
Calling at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
cabins, provided with electric bells— will
sail from i'ler No. 42 North Ulvcr. foot of Morton St.,
as follows
Uoutinfc&t
•
"AWNING
L
Charles P. Burdett,
Alexander V. Blake,
Robert B. Minium,
George W. Lane,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
James G. DePorest,
John
William Bryce,
Peter V. King,
Horace E, Thuiber,
Elliott,
William H. Fogg,
Thomas B. Coddington,
Charles D. Leverich,
Edmund W.
DETOTBD TO TUB TECHNOLOGY Ofl
TEXTILE ARTS AND DYEINO IN
ALL TMErS BRANCHES.
is the oldest and best publication of
the English languago, and has a most
extended circulation among woolen, cotton andj
silk manufactJrers and operatives in the Unlte^
Li
States and Canada and in Europe.
The Recobd
ts class in
1
The Supplement,
also published
montlily,
001
and weaving directions for all wo(
fabrics, ginghams, and prints from the news*
foreign samples, and of original conceptio*.
samples of and recipes for standard new and ntlTt
tains designs
efl'ects
in dyes
and
colors.
It is
IndiepensabU
"
weavers, designers and dyers.
The terms of Subscription are as follows
Corlles,
Recobd
Supplement
Both Publlcationa
$1 SOperannuBL
3 60
5 00
"
Address
J.
D.
JONES,
President.
CHAKLES DENNIS, Vice-President.
W. H. H. MOORE, 2d Vice-President.
A. A. RAYBH, 3d Yic«-Preeldeiit.
THE INDUSTRIAL RECORD CO.)
18
P. 0.
Box
EXCHAHQB PLACE.
1,396.
New
York.
—
—
JUNB
THE CHRONICLE.
1878.]
:5,
Cotton.
COTTON
SEED TO LOOM.
&
Ware, Murphy
FROM
Co.,
Cotton Factors
GENERAL COMMISSION MERCHANTS
COTTON EXCHANGE BUILHINf;.
NEW YORK.
NOW READY.
The contents
for tbe purchase or (ale of
of this book are as follows:
Map
have prepared a large
«lgnmenta.
Introductory
— Showing
is
E.
among
other things, all of the
up from original sources and will,
of India, showing,
The map
•otton districts of that couniry.
we think, be found very useful.
made
Future Con>
Adrancea made on Consignments
bought and sold on Commission, la
—
—
—
IT.
—
Acreage in the United States Yield and Acrf age by States since 1869 Possibilities of
Crops wlh Acreage given Growth in Acreage illustrated and proved Percentage
of Production and Acreage in Each State, &c.,&c,
—
CHAPTER
—
V.
—
—
—
CHAPTER
Summer and
changes
.i
SX7HAN!iE
lO'-SR.'
its
OE lERSCr A CO.
&
McAlister
Wheless,
OOIWMINSION 'nKKCHAI\''S
TENNESSEK
Corre
Bptjuul huvuhoi. itiv*.!- lu Hi,iuii»T*' oru«r>.
s^jonilTicB solicl'e
Rkfitr^^juks.— '^htro «n'i tuut n Natlor.aid Pr"M'l •*rtr« n* T..n rc^ »vi".
'
Bank
I
Miscellaneous.
—
—
—
CHAPTER
VII.
—
—
—
—
Gathering and Marketing of Crop The Influences affecting Market When and why
a Crop will be Marketed Early An Analysis of the Movement to the Ports of Each
Crop from 1870 to 1877, and tlie Reasons tor Delays and for Haste Tables Showing
at Several Points in Each State the Date of the Receipt of First Bales, ArrivaJs
New Cotton to September 1, &c., &c. Also, Height of Rivers for a Series of
Years. All these facts are so arraHged as to enable the reader to form a correct
opinion of the future. This chapter closes with the daily receipts and percentages
of past receipts for a series of years. &c., &c.
JOSE PH GILLO TT'S
rEEL PEN s.
Soil fy ad'1 dealert throttghout tKI World.
Wire Rope.
AND
STEEL
CHAPTER
Prices of Spots and Futures, for a
of superior quality
suitable for MINING ASI>
HOISTING PURPOSES, in-
Movement
at
New
CHAPTER
New York
and Liverpool
IX.
—
—
This is a very brief summary of the contents of this book. It is a
large octavo volume of over three hundred pages, containing everthing the
trade needs for reference, and drawing conclusions from the experience of
the past, which ought to make crop estimates in the future less difficult
and uncertaui.
Will be mailed to
Dana
&
Co., 79
HENRT HERBERT,
Three Dollars.
any address post-paid on
5
AuHln
&
receipt of price.
8i William
Friars,
Charcoal and
BBfor
A
Series of Years, at
York, &c., &c.
------
[van 'zed
^hlps* Klgging, Suspension
Bridges, Derrick Guys,FerT>'
larKO stocK
Hopes, Ac.
Consumption of Cotton in Europe and the United States Some Thouehts pn this
Subject which may be Suggestive Also, full Tables and Statistics Showing Past
Consumption, &c., &c.
Price,
clined Planes, Transmlsaion
Also Ua:of Powrer. &c.
VIII.
Long
CHARCOAI.
mON
—
B.
Ltverpo.*!.
it
—
Wm.
IK
71aut-lxe»ier »tid
VI.
Growth
Plant in Relation to Sun Definition of Bottom Crop, Middle Crop ajid Top Crop
Cotton Enemies in Summer, Lice, Rust, Shedding, Boll- Worms, Caterpillars, &c.
Numbf r Bolls to Make a Pound, &c. Rainfall, Thermometer, CnnoKioi.E Weather
Reports and Agricultural Bureau Reports, from July to December, for 1870 to 1877
Tables showing Date of Frost and End of Picking Season at a number of points
Important deductions from this
in each Southern State for Seven Years Past
Review and Analysis of Weather for past Season?, &c., &c.
Cotton
TOUE.
-SKW
n.AlE.
— Formation of the Bud, Shape, &c. — The Blossom, how
Color and Shuts and Falls — Formation of Boll— Habits of Blossom and
Fall
its
—
—
—
—
—
—
Co
Knoop, Hanemann &
JIASHVILLE.
Planting— Cultivation from January t June How Land Prepared and Seed Planted
Old Lauds being Reclaimed Early Growth of Plant Chopping Out Securing
a Stand Cotton Plant very tender in Early Life and tough afterwards Its Early
Enemies and Diseases Crab Grass Wet May and June Rainfall, Thermometer,
Chronicle W ealher Reports and Agricultural Bureau Reports, from Jauuary to
June, for 1870 to 1877 Very important deductions from the weather data, &c., &c.
—
Liverpool.
II.
i
India production of Cotton Goods from Earliest Dates Interestinji Review of the India
Export Trade in Goods from before the Christian Era to the Present 'lime, &c.
The Monsoons and their efftct upon and relation to the Cotton Crop Also, the
past Production of Cotton in India and the present supply, with a detailed
description of each Cotton District from which the present supply comes Several
wood-cuts and full Statistics of tlie Trade, &c., &e.
—
BANKERS, COTXON FACTORS
New Yoru and
History of Cotton in the United States from the dale of its earliest froduction,
tracing the progress from year to year, with the inventions wliich gave the
impulse to that progress; also a table of receipts and exports at each out-port ol
the United States from the earliest records down to 1877, &c., &c
CHAPTER
Co.,
.JEMISON),
tracts for Cotton
II.
CHAPTER
MOODY A
GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.
I.
the Object and Scope of the Book.
CHAPTER
&
Jemison
S.
(Sncceseors to
AND
CHAPTER
>
for future
contract,
Lttwral adTRLce* nia'te od cod*
dellTery of cotton.
1MA.F OK- I1NI3IA.
We
be ezeculloa of orfien
Special attentloQ ptld to
Old Broad
St.,
fit.,
N. Y.
London.
JOHN
\r.
constantly on hand from
which anv desired length
are cut. FLAT STEEL.AND
IRON ROPES for MlnlnR
purposes manufactured toorder.
IVIASON »c ,CO.,
43 Broadway,
New
lfork»
Smith's Umbrellas.
GINGHAM,
any
GUANAOO
patented
,
flzo....
SILK, paragon frame
..
SI
2
2
00
CO
SO
Flue Silk IJmbrellaa In great Tarlety.
Cmbrellas and Paraaolato order & repaired.
36 Fnlton Street, near Pearl Street
150 Fnlton Street, near Broadway.
104 Broadway, near Pine street
1188 Broadway, near 39th street
405 Broadway, near Canal street.
Establishe(rA.D.1802
;
.
THE CHRONICLE.
VI
Cotton.
Cotton.
Woodward &
Stillman,
SEAMEN'S BANK BUILDING,
&
Nob. 74
76 \faU Street,
NEW
e^ENSRAL COMMISSION MERCHANTS
on acceptable
SECCRITF.
LOANS
BOX 613,
jhade:
Hew
FOR WOOD,
ic
LIVERPOOL.
Also, execute orders for Merchandise In
Liberal advances
made on Consignments.
Bpeclal attention paid to the execution of orders for
England, Clilna, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
the purchase or sale of contracts for future delivery
Sc
Foreign marine Insurance
Company
&
Henry Hentz
Co.,
conniissioN iherchants.
&
176 Pearl St
,
New
Verk.
of Liverpool.
&
Bennet
GENERAL
174
Foulke,
GENERAL
LIVERPOOL, LONDON AND GLASGOW.
Also execute orders for Merchandise through
KIIJIR & CO.,
CALCUTTA AND BOMBAY.
FOTUBB CONTRACTS TOR COTTON boueht anr
old on Commission In New York and Liverpool.
FINLAV,
niessrs.
&
Dennis Perkins
Co.,
COTTON BKOKERS,
117 Pearl
Wm.
New
Street,
York.
Felix Alexander,
E. O.
Richards,
(Successor to A. L.
Shipi>lus
No.
89
RICHARDS)
for the Durchase or sale of Contracts for
COTTON FACTORS
J.
HTl^rley,
COTTON FACTORS,
COMMISSION MERCHANTS,
133 Pearl Street,
O Box
P.
New
3,909.
York.
Advances made on Conslgaments.
Special personal attention to the purchase and sale
of '' CONTRACTS FOE FUTURE DELIVEltY" " OF
COTTON.
Geo.
Copeland,
COTTON BHOKBK,
136
H. Tileston
&
In
laS PEARL STREET,
(Successors to
&
Tainter,
NEW
YORK.
Future orders promptly executed.
H.
Baker
New
SON, 64 Baronne
Information
York, and Messrs. D. A.
New
Street.
Co., 51
GIVEN
<k
Orleans.
&
R. M. Waters
BROAD
Co.,
ST., NEIV YORK.
maie on warehouse receipts and
ADVANCES
BUY AND SELL cotton contracU and
consi^Timents of cotton.
flrct-
ln§urance.
North
and Mer-
British
cantile Ins. Co.,
OF
LONDON AND EDINBVRGH.
Incorfoeated
1809.
in
UNITED STATES BRANCH:
54 William St., Cor. Pine, New York.
&
1866.
paid-up Capital (gold)
Reserve for all fire liabilities,
cluding re-insurance
Net Fire Surplus and Reserve,
$1,250,000 00
in-
,
9,428.978 97
4,221,557 49
.
Cash and Invested Assets (gold). $7, 900,
Subscribed Capital, for which the
536 46
Stockholders are personally liable, not yet ciUed in
$8,750,000 00
Reserve for total Liabilities, including re-iusurance, in the U.S.
$765,558 54
Net surplus in the United States.
945.406 75
FlreAssetsheldinthe U.S. ..$1,710,964 29
The above does not Include the Life and Annuity
Funds, which, by act of Farllament, are In a distinct
Liberal advances made on consignments. Prompt
Sersonal attention paid to the execution of orders for
le purchase or sale of contracts for future delivery.'
and separate department, for which the surplus and
Macaulay & Co.,
COMMISSION MERCHANTS,
Manageks.
22
^TNA
WILLIAM STREET, NEW YORK.
Future Contracts for Cotton bought and sold on
Commission In New Y'ork and Liverpool.
&
Co.,
OTTON FACTORS & COMMISSION MERCHANTS
Nrw York.
WALTER & KROHN,
OF HARTFORD.
INCORPORATED IN 1819.
87,115,621 42
Total Assets, January 1, 1877
Capital
J3,000,000 00
Re-iufurance fund,
1,741,273 42
Unpaid losses & other
429,114 82— 5,170,388 24
claims
.
NET
.
.
bUR'^LUS, Jan.
I,
1877..
$1,945,336 18
No. 173 Broadway,
BEAVER STREET, NEW YORK.
JAS. A.
James F. Wenman & Co.,
London
1841.
Edward H Skinker & Co.
New
ALEXANDER,
(jT
York.
Agent.
&
Liverpool
COTTON BROKERS,
No. 146 Pearl Street, near AVall, N. 1.
Established (In Tontine Building)
Company
Insurance
BRANCH OFFICE;
COTTON BROKER!^,
S3
reserve of the Fire Insurance Department, named
above, are not liable.
CHAS. E. WHITE, SAM. P. BLADQEN,
Globe
Insurance Company,
COMMISSION AND COTTON MERCHANTS,
97 Pearl Street,
L.
New
York.
45 William St,
F. Berje,
J.
COTTON BUYER AND COMMISSION MERCHANT
NEW ORLEANS,
J.
C. Johnson
&
E.
PULSFORD,
Resi dkst Manager.
LA.
Co.,
K^omfnercial
COTTON BUYERS FOR MANUFACTURERS
MEMPHIS, TEVN.
&
Bro.,
J.
215 PEARL STREET, NEW YORK,
IMPORTERS AND MANUFACTURERS OF
Prime Qnallty Cliemlcal
YORK,
44 Broad Street, Boston.
NOURSE & BROOKS),
GENERAL COTTON MERCHANTS,
97 PEAEL STREET,
NEW
AN1>
Co.,
Futures executed at N. Y. Cotton Exchange
Waldron
Co.,
COTTON
COT TON BUYERS & COMMISSION MERCHANTS
60 Stone Street, Ne«r York.
Orders
&
R. Smith
B.
.
PEARL STREET, NEAV YORK
street,
Called-in
GENERAL COMMISSION MERCHANTS
142 Pearl Street, New York.
AND
FINANCIAL, AGENTS,
Stone
all
WATTS &
Established Becember,
urn
47 Rroad Street,
&
Advances made on consignments, and
afforded by our friends, Messrs. D.
Future
BLOSS & INCHES,
Sawyer, Wallace
and Coiumlsslon McrcIiaBt
BROAD STREET, NEW YORK.
H. W.
New York.
Delivery.
AUGtrSTA, GEORGIA.
Entire attention given to purchase of COTTON on
ORDER for SPINNERS and EXPORTERS.
COEEESPOSDENCE SOLICITED.
References :— National Bank of Augusta, Georgia
Henry Hentz & Co., Commission Merchants, New
York; William B. Danaft Co., Proprietors Commek
oiAL AND FiNAKOiAL Cbsohiole, and other New
York Houses.
and orders lor lie
purchase or sale of futnre shipments or dellverKa.
Special attention given to the execution of orders
PQraMlSSION MERCHANTS,
BROKER,
iJPTTQJ^
COTTON
consignments of
claes investment securit es
CO.,
Sc
LIVERPOOL,
Solicit
coninissiON merchants,
121 Pearl Street,
JAmRS FINLAY
ai Brown's Buildings,
54
Advances made on Conslgnrnffnts to
RIesars.
Co.,
for the
BrltisU
of cotton.
&
C. Watts
York.
Execute orders for Future Contracts In New York
and Liverpool, and make advances on Cotton and
other produce consigned to
LEECH, HARRISON
W.
BOX 4964,
P. O.
Neiv Orleans, La.
YORK.
Cotton.
Pirn, Forwood& Co.,
GENERAL COMMISSION MERCHANTS.
P. 0.
XXV L
[Vol.
Idanureii.
Chemicals for the Ville formulas, for all Crops
Chemicals for the Stockbrklge formulas.
Dissolved Bone— Sulphate Ammonia,Nltrate Potash
Nitrate Soda, Sulphate of Potash, Muriate of Potash
40 per cent actual Potash. Super-phosphate Limn
Also, strictly pure ground Bone.
Our descriptive circulars mailed free. The materia
t«r Bpeclal tsrtlUzers (or particular crops
Henry Lawrence &
Sons,
(union Ins.
MANUFAUTUXERS OF
MANILA, SIS4L, JVTB
^k
(OF LONDON),
TARRED
CORDAGE,
FOR EXPORT AND DOMESTIC
ALFRED
PELL,
Resident Manager,
USF.
GANGS OF RIGGING MADE TO ORDER.
192 FBONT STREET, NEW YORK.
Ca
3r
&
39 Wall
Street.
@FedFRASER