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MERCHANTS’
HUNT’S
MAGAZINE,
^ W ^ je fe I tj Newspaper,
THE
REPRESENTING
AND COMMERCIAL INTERESTS
INDUSTRIAL
SATURDAY, JUNE 23, 1877.
VOL. 24.
Capital and its Prospective Move-
"
ments
The Crisis in France
‘
Practical Reform in Railway Man-
CHRONICLE.
57?.
576
.
577
agement..
Cotton Acreage and Stand in 1877.
Latest Monetary and Commercial
BANKERS’
THE
English News
Commercial
News
Miscellaneous
and
578
5S0
583
GAZETTE.
I Quotations of Stocks and Bonds. 587
Railway Stocks, Gold Market,
j Local Securities
588
Foreign Exchange, N. Y. City
I Investments, and State, City and
Banks, National Banks, etc
534 1
Corporation Finances
589
COMMERCIAL
TIMES.
592 | Dry Goods
Commercial Epitome
592 i Imports. Receipts
596} Prices Current
Cotton
Breadstuffs
596
and Exports— 597
598
tffjronicle.
is issued on Saturday morning, with the latest news up to midnight of Friday.
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53^ The Business Department of the Chronicle
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Jones.
CAPITAL AND ITS PROSPECTIVE MOVEMENTS.
Of
late, while the new Syndicate loan has been attract¬
ing so much attention, a number of financial questions
have suggested themselves, and have been discussed in
relation to the movements of
capital and of business.
The fundamental trouble from w’hich
our
industrial
suffering is the circumstance that, in this
country and abroad, capital is no longer so ready as
formerly to enter the channels of productive industry.
In illustration of this opinion we have the plethora of
idle capital which exists to greater extent than ever
before in all the great centres of the monetary world.
This fact, with a multitude of others, tends to show
that the panic of 1873 has left behind it a legacy of
trouble, and has inflicted injuries which differ notably
from what have ever resulted from previous panics.
system is now
Never before has a financial revulsion, however severe,
failed to pass off in a short time and to be followed by a
buoyant speculative activity. The efficientcauses of the comparatively speedy termination of the
trouble of former panics are supposed to be connected
with the fact that the shock from those disasters was
limited either to the currency or to
system of the country, while all the deeper
and more vital forces of the financial organism were but
little injured. The only panic of former years which at
superficial, and
was
the credit
Money Market, U. S. Securities,
THE
NO. 626-
reaction of
CONTENTS.
THE
OF THE UNITED STATES*
all resembles that from whose results we are now
suffer-
the Overend panic of 1866. That catastrophe
deeper wounds upon the financial organism of
England than wrere at first realized or expected. In
proof of this it may be remembered that the Bank of
England, for the first time in its history, put down its
rate to 2 per cent from the shock to credit in consequence
of the Overend revulsion, and that at this previously
unheard-of rate of discount money remained in England
for many months, accumulating and seeking investment
on cq.11 at nominal rates, absolutely refusing to enter
the ordinary channels of investment although tempted
thither by the promise of very high rates of interest*
After a few months a reaction came, and by degrees the
old avenues for the employment of capital in England
were once more filled and active.
Remembering these
facts, many have been constantly predicting a similar
termination for our present financial stagnation. But
the evil is now deeper and more widespread than in
1866, and, as yet, there appears to be little confirmation
of sanguine expectations.
Indeed, as the hope of
recuperation has been so long deferred, it is quite nat¬
ural that there should be in many quarters a disposition to
indulge in very gloomy vaticinations as to the future;
and in this connection, therefore, two or three facts and
hints as to the present and the past movements of busi*
ness may be useful.
In the first xdace> a? we have frequently stated, we
have, as a nation, been laying the foundation, throughout
almost every section of this country, for many months
past, of solid recuperation, financial activity and indus¬
trial growth. Almost ever since the panic of 1873, our
forty millions of people have been more economical and
more industrious than at
any previous time since the
close of the war.
If, as economic science affirms, indus¬
try and savings are two of the chief forces which operate
for the increase of national wealth, it certainly followsthat the American people must, by their frugality and their
other economic virtues, have been laying a sure, broad
basis for material prosperity, and that at no very distant
day the evidence of this work ought to make itself visi¬
ble. We have recently taken the pains to make inquiries
from the more eminent bankers and merchants in the
ing was
inflicted
[June 23, 1877.
CHRONICLE
THE
>76
Republican party. A dissolution of the Chambers thus
Ibecame a necessity; and before this meets the eye of the
thin once expressed in this journal, that although, from reader, the measure reported for that purpose will prob¬
various causes, there is overhanging a portion of our ably have passed the Chamber of Deputies.
It is not wonderful that when France gets into one of
jL-merican industries a cloud of gloom and depression,
her excited moods, there should be found many prophets,
till throughout the nation at large there is going on a
who prophesy only evil things. The memory of the
>rocess of growth and recovery from which the best
chef cities of the interior, and the results of our inquirie have tended to confirm the belief we have more
first French
revolution has not yet passed away.
In
How long we shall have to wait
before the life which is at work silently and secretly 1830, and in 1848 also, the social upheavals in France
convulsed the whole of Europe. Judging merely from
jeneath the surface will put forth its full power in the
the past, and without having regard to the changes
;ull harvest of productive activity, is, of course, impossi¬
which have taken place in the interval, it is not unnat¬
ble to foretell. What is chiefly important for us to know,
ural to conclude that the results which followed the
however, is that the progress we are making tends
upwards and not downwards, and that it promises to operation of certain causes in 1789, in 1830, and in 1848,
will follow the operation of the similar causes in 1877.
lead our industry and commerce to a brighter and not
It is all the more natural to arrive at such a conclusion,
to a darker future.
Another conclusion which has been suggested to us is that we are removed only by a very few years
1870-71.
No reasoning,
that the distributing machinery of the country has been from the Commune of
Great
expanded in past years beyond its proper limits, and however, could be more inconclusive.
have passed over the world, in the
that adjustment is needful. It is well known that in a changes
last quarter of a century.
The European nations have
healthy condition of the industrial system the distribu¬
ting mechanism of the country should just equal its changed one and all; and not one of them has changed
Even the experience of 1871
more than France herself.
productive capacity, so that both may move harmoni¬
ously together. Now, it has been pointed out as one of gave the strongest evidence of the changed condition of
the evils of the situation that the distributing forces of France. The Commune was found to be a possibility
only in Paris; and it perished as soon as France was
Dur national industry are too great for the productive
:orces which they have to supply.
This disproportionate restored to herself. Everywhere public sentiment has
There are fewer
found a freer and fuller ventilation.
levelopment is productive of much evil, as it both
retards recuperation and causes much of the grumbling wrongs to right—fewer revenges to gratify. In France,
md dissatisfaction which prevail as to the stagnation of quite as much as in Great Britain or in Germany, the
Dusiness. If the work of distributing requires at a given people have become alive to the fact that their true
interests are served, not by violence and revolutionary
place the energies of five men, and if instead of five we
have ten competitors in the field attempting to do that changes, but by peace and stability, and we fail, there¬
work, it is quite evident that the whole body of rivals fore, to see anything in the present condition of France
will not have enough to do, and that all may be made to justify the cry of alarm.
There are two parties in the, country.
There is the
dissatisfied or inefficient by the excessive competition
Conservative party—a party which inclines towards
which will be provoked. The late Mr. Bagehot, in' one
monarchical or imperial institutions, and which is
of his admirable articles in the Fortnightly Review, said
represented by MacMahon and his present Cabinet.
that in an ideal state of economic adjustment, labor is
There is the avowedly Radical party—a party whose
to be regarded as easily transferable from one depart¬
object is the definitive establishment of the Republic,
ment to another of the industrial mechanism of the
and which has for its leaders such men as Gambetta and
country. If we could realize this ideal condition and
Thiers.
Each party has thus a distinct and well-defined
transfer from the distributing to the producing part ofi
our
industrial machinery a considerable proportion purpose. In the existing French Parliament the Repub¬
licans have the majority. They are the virtual rulers of
of the surplus labor which has been mischievously
France; but their policy and their aims are antagonistic
concentrated there, we might be able to supply
to the policy and aims of the President.
It is the
-some
important conditions of business recupera¬
opinion of President MacMahon that his views are
tion which are now defective, or wholly wanting.
the views of the great majority of the French
There are, however, numerous indications that the evil
people, and that they will sustain him at the ballotwe have referred to, with others of a similar character,
box.
It is the opinion of the Republican lead¬
are passing away, though the improvement is certainly
ers,
that as the result of an • appeal to the
not going on with as much strength and rapidity as
people, they will have increased majorities in both
might be wished. Indeed, until capital begins to show Chambers. In such circumstances, a dissolution and a
a disposition to pass more freely into the ordinary chan¬
general Parliamentary election seem to be at once de¬
nels of investment, the process of industrial recuperation
sirable and just. There is no reason to suppose that the
must needs be slow and uncertain.
elections will not be fairly conducted; though, of course,
esults
are
anticipated.
,
MacMahon will
THE CRISIS IN FRANCE.
Our latest
news
from the French capital reveals a
tion which is more than
tive.
The
scene
usually interesting and
situa¬
sugges¬
in the Chamber of Deputies, on the
day after reassembling, recalled the memory of the
stormy times of the first French revolution; and the
order of the day, involving a vote of want of confidence
in the Marshal-President, passed by an overwhelming
majority on Tuesday last, discovered the same courage,
daring, and excitability usually displayed in Paris on
other similar occasions. There is now, therefore, an open
breach between the friends of the Government and the
first
use
the influence of the Government to
and, to that extent, they have
the advantage.
If, however, the Republicans carry the
day, and come back to the Chambers stronger than before,
we have the assurance of MacMahon himself that he
will make no contest, but will resign. If the Conserva¬
tive party should return triumphant from the ballotbox, we may hear something about coercion and fraudu¬
lent returns, but we need have no fear of an uprising of
the people.
The army is in strong and steady hands;
and no doubt it will be wisely used. Although not in
any high sense a brilliant man or a man of great capacity
sustain the Conservatives,
June 2 J,
as a
be
a
1877.]
THE
CH11QNICLE
statesman, MacMahon is, on all hands, admitted to gestions which
man of honor, and of strict
integrity. The pre¬ are
sumption, therefore, is that he will he
57?
especially noticeable because they
partly based upon English experience. First of all,
are
his word, he claims that the directors should be shorn of the
If France, power to issue bonds or
stock, to make or take leases, to
true to
and that he will bow to the will of France.
by a powerful and united voice, calls for the Republic, guaranty obligations of other companies, to buy coal
he will submit.
If she shouts for the restoration of the
properties, and the like, except by authority granted by
Empire, he will gladly yield. If he is not pressed too the stockholders on sufficient notice, and, as in England,
much, the one way or the other, and finds that in this by a three-fourths vote. To the objection that
requir¬
new Parliament his wishes are
respected, he may com¬ ing so large a proportionate vote would be obstructive^
plete his term of office and quietly retire. Thus looked the answer is that if the directors possessed the con¬
at, the situation in France is not calculated to excite fidence of ihe stockholders consent on even that scale
alarm; on the contrary, it is gratifying, we think, as a would probably not be withheld, and if
they did
not possess such confidence, all the more need of
guarantee of peace.
restricting them. The abuses and financial errors in
PRACTICAL REFORM IN RAILWAY MANAGEMENT.
the management of
completed roads have been
During the past month an advertisement has appeared
usually in some of these exercises of power, and it is
prominently in the leading papers calling for proxies to not unreasonable to
suppose that the capital error of the
he used in the pending election in an important Western
coal roads in extending as
they have done might have
railroad and offering to pay a commission for
their
How far this advertised want has been
supplied
use.
we are
been avoided had
a
restriction like this been in existence
And
•
this, not because the stockholders would have
refused consent to the purchase—for there was no
pro¬
informed, and not improbably the votes thus cast
may be as well used as they ordinarily are; we cite the test
made—but it is doubtful whether it would have been
incident not as especially reprehensible, but only as
asked, because the necessity and expectation of referring
showing the prevalent habit of indifference on the part such
projects to the stockholders might have kept down
of stockholders as to the management and the
slight the undue self-confidence which
grew out of autocratic
share they take in it, this habit being so well understood
power and caused the managers to imagine they could
that it is thought feasible to buy for a small considera¬
control the price and production of a
prime staple
tion the right to vote in the name of others.
That
Nothing could better promote sagacity and conservative
stockholders, who are conventionally supposed to own, action than the sense of
official responsibility, and noth¬
be concerned about, and govern the property, should be
ing could be more unsettling to official judgment than
willing to sell their powers temporarily to unknown the loss of such sense.'
Experience seems to have con¬
persons for unknown purposes, is explicable only as firmed
this—autocracy not having produced the most
showing and concurring with the fact that in prac¬
sagacious management—and the change suggested would
tice the stockholders, as a body, do not control rail¬
leave directors as free as
they now are to perform the
roads in this country. The reason for this is not
acts of ordinary administration,
depriving them only of
altogether a lack of interest on their part in the the
power to entail obligations on the property, or change
welfare of the properties, or even the lack of a dispo¬
its financial status.
sition to take a part in the control; the obstacle is rather in
But it would be useless to refer more control to the
the existence of evils we have often pointed out, siv>h as the
stockholders without making their
meetings something
non-uniformity and non-publicity of accounts, the exces¬ more than formal. The abuse of the
proxy should be
sive power of directories, the impossibility of combina¬
corrected, as a first point. The proxy is theoretically
tion among the shareholders, and the difficulties of
an instrument
by which the shareholder who cannot
getting any trustworthy information about the actual conveniently attend in person,
having sought out some¬
condition of the roads.
Under such circumstances, it is
body as his representative, empowers that person to
not to be wondered at if the average stockholder should
cast his vote, in his stead,
for his purposes; in practice,
say to himself: “Inasmuch as I really know nothing on the
contrary, the user of the .proxy has to a large
about my corporate affairs and cannot make an intelli¬
extent sought the shareholder, and has
procured per¬
gent choice between these parties who are contesting the mission to vote
really in his own representation, and for
control, I may as well hire out for a consideration this his own
purposes, the places of principal and agent
vote which is in my hands without the power to use it
being thus reversed. The abuse is likely to be greatest
effectively as to cast it myself in the dark.”
when the proxy stands
indefinitely, and the remedy, in
However great the evil of this state of things, it will
railroads as in life insurance and other
corporations, is
certainly be useless to deal in general denunciation of it obviously
to make proxies valid only for a single meet¬
or to criticise individual
managers for adhering to the ing, the date and
object of which (if anything more
existing methods. The publicist may hold that a prom¬ than the regular
election) should be specified in the
inent departure from the usual autocratic secrecy would
instrument. Further, the registry books should be con¬
strengthen the financial standing and further the inter¬ stantly
open to stockholders.
Not many weeks ago, an
ests of a company taking it; the manager,
rightly or attempt to get access to the books of the
Michigan
not, prefers to consider that it would be a disadvan¬ Central was
successfully resisted in the courts, but it
tageous exposure, readily seized by opponents, and he
evidently may be desirable for a stockholder to be able
therefore declines to become an exception in doing what
to adjust, if he so pleases, the
degree of his own confi¬
unmistakable public sentiment, expressed in positive
dence by seeing who else has faith enough in the stock to
law, does not demand. From his standpoint, with his hold it, and
abstractly his right to inspect the registry
view, he is so surely right that we have never thought in a reasonable manner seems
quite indisputable.
it worth while to urge that the evil should be reformed
It is impossible for him also, without
knowing who are
without at the same time suggesting how the work may the
stockholders, to have any communication with them,
be done. Mr. J. M. Douglas, a London stockholder in
to effect any combination, or even to form an
opinion
American railroads, in a recent letter to the London as to
what ought to be done or is
likely to be attempted;
Times, has presented some excellent and practical sug¬ if kept in isolation, he naturally becomes the
not
helpless
and indifferent creature that he
on
the average seems to
be, ready either to sell or give his proxy, because not
knowing how to vote himself. Hence, in order to change
this and make sure of his access to the register, the
proposition is that it be printed annually and sold to
a moderate price, as is done in England.
Possibly a semi-annual publication might be better, but
as the ownership of a majority of'stock may change at
any time all that can be known is who were registered
stockholders on a particular date not long past.
Of course, the detailed, uniform, and intelligible sys¬
stockholders at
tem of accounts
which
we
have
so
often advocated is
indispensable to real reform. The uniformity must be
of two sorts. Not only is it impossible to draw intelli¬
gent conclusions
if several important items are lumped
single total and so stated—as in “ other receipts” or
miscellaneous receipts”—but there must be a contin¬
uity of accounts, year after year, in order to make
comparisons possible. A statement may conceal many
important things while containing everything, particu¬
larly if the form is altered in successive years; the
in
a
“
-
[Jane 23, 1877.
THE CHRONICLE
578
political divisions into independent States, is lacking in
England, which is equivalent to a State about as large
as this State, with forty counties, whereas our counties
are States, and the, evils of varying
and conflicting
statutes, serious in respect to many branches of business
not
confined to the State where located, are further
as to railroads, which lie in more than one
Concurrent action by most of the States is
essential to the success of this reform, but it is not
complicated
State.
indispensable that the concurrence be simultaneous/ The
disadvantages to be experienced by the roads of a State
which takes the step in advance may prove more imagin¬
ary than real; it is necessary, nevertheless, to make the
beginning somewhere, and the example set by one or
two leading States would probably be swiftly followed,
just as the bill to restrict the lawlessness of striking
employes, has been already adopted. Little attempt has
been made
none
the subject, and almost
general action. It is quite time to begin,
yet to secure action on
to secure a
and the commercial bodies
in the cities should take up
subject, the real task being to educate and concen¬
public opinion, for the faults of railroad manage¬
uniformity must, therefore, consist in retaining one form
and in having that form used generally in the different ment which these propositions aim to remove are not
States. What form is best is a mooted point it is not incidental but radical, and will not disappear of them¬
selves.
now necessary to settle. - English experience may profit¬
ably be studied, and the Massachusetts Commissioners
COTTON ACREAGE AND STAND IN 1877,
have made considerable progress towards perfecting
the
trate
readers
will remember, we gave the results of a very careful and
which does not conceal items in totals, and which—most extensive inquiry made by us respecting the actual
acreage in cotton the previous two years. The trade
important of all—is permanent and generally adopted.
Three of these proposed changes have already been had become convinced that all statements issued were in
made in England.
The laws of 1868 compelled putting their totals drifting further, each season, from the truth,
accounts into one form and furnishing to stockholders and that the planting was really much more extensive
annually a printed list of the holdings. The London than the estimates published. The figures we obtained
Railway News, in an interesting article on the subject, proved that this belief was correct. Further examina¬
says that the effect of these changes has been most tion this year, and comparison made with State official
happy. The distrust of railways became so general tables and tax collectors’ returns, seem to confirm
We make,
after the great railway disasters of 1866 (second only the substantial accuracy of our results.
to those of 1873 and since here) that some of the largest however, one change to-day, and that is in the South
English companies could not renew their loans and the Carolina figures^ substituting for 1874 the State census
mortgage bonds declined well below par; but confidence returns of that year, and we shall, from time to time,
and credit are now great as to railways. There is a adopt for the other States, official results whenever any
strange contrast and yet a strange likeness, the News such may be reached by a State census. Corrected, then,
remarks, in the present state of English and American in this particular, the actual cotton planting in the years
roads after four years of bad trade. The strange like¬ 1874-5 and 1875-6 may be stated as follows :
any will do which presents intelligibly all sig¬
nificant details without becoming vexatiously minute,
one;
•
ness
but
is that while the volume of
In
our
cotton acreage
business done has gen¬
erally increased somewhat, the dividends have dimin¬
ished. The strange contrast is that, while the English
roads are generally in the highest credit, borrowing
almost as cheaply as the government, and their common
stock being firmly held by ‘ investors at prices paying
report last June, as our
Pounds lint per acre.
State.
Av’ge. 1875-6.
1874-5.
Actual
1875-6.
acres.
1874-5.
Actual yield.
1874-5.
1875-6.
North Carolina.
190
185
203
620 000
591,000
260.000
273,000
South Carolina..
180
153
183
950,000
866,000
339,000
360,000
Georgia
140
109
122
1,700,000
1,650,000
420,000
460,COO
American railroad credit has collapsed,
high dividends having shrunk up or disappeared, bond
interest having extensively stopped, receiverships being
numerous and suspicion being general.
If the manage¬
Florida
119
117
no
225,000
220,000
60,000
55,000
Alabama
143
143
127
1,850,000
1,800,000
600,000
520,0C0
165
155
129
1,600,000
1,880,000
670,000
550,000
Louisiana
220
229
199
1,250,000
1,150,000
650,003
520,000
commanded such credit as the English roads
command—and the difference is ascribed by the
Texas
230
234
200
1,300,000
1,175,000
690,000
535,000
Arkansas
259
260
185‘
1,100,000
950,000
650,000
400,000
Tennessee
178
202
100
740,000
700,000
339,000
160,000
177
154
about 4 per cent,
ment here
mainly to the lack of the reforms herein dis¬
cussed—our ordinary shares, in the opinion of that
journal, would sell at prices yielding not over 6 per
een&; for example, Pennsylvania and New York Central,
News
Total
....
...
,
pg* We have averaged the
11,635,000 10,982,000 4.669,000 3,833,000
bales in above totals at about 440 lbs.
net.
These figures we may assume repres/ent a very close
at 100 and
the stream approximation to the actual planting and yield per acre
in the different States for the seasons named, giving us
of European capital flowing to the States for such in¬
a substantial and safe starting point for our annual acre¬
vestments would be strong and steady, and both hemi¬
spheres would be enriched by it—givers and receivers age estimate. Thus far we are on sure ground. But
just here we leave the certain for what must always be
alike.”
Of course the greatest difficulty here, arising from our to a considerable extent the uncertain ; for in a spring
calculated on present dividends, would stand
123 instead of 57 and 90, and “were this so,
.
Mississippi
estimate as to the planting, the percentages given have
to be accepted more as an indication of the tendency to
an increase or a decrease, rather than as a true and exact
have, of late
years, delayed this annual review, so as to be able, by
later information, more truly to reflect this tendency
and also to present with it a better statement of the
stand secured. This latter fact is always attainable, and
if taken in connection with the inclination developed to
increase or decrease the planting, we have a pretty good
basis to build upon, as subsequent information is, from
measure
month
of that tendency.
to
Hence,
we
month, received.
ACREAGE
AND
STAND
IN
1877.
of the more important
details derived from our correspondents respecting the
crop in each State, bringing down to the middle of June
our information with-regard to the stand and prospects.
usual,
As
first give
we
some
DETAILS BY STATES.
North and South Carolina
this year in cultivation,
yet they have so many points in common that we can better speak of
them together. Fertilisers—In each of these States there has, of late
years, been an almost constantly growing use of commercial fertilizers,
and by this means, especially in North Carolina, has the productiveness
of the soil been very greatly increased.
This spring, however, both
States have apparently commanded a halt, showing not only no
advance but an actual falling off in the consumption, averaging for the
two States, say, 8 or 10 per cent. In home-made manures, however,
there is steady progress, considerable portions of each State giving, in
this and other respects, evidences of decided economy and thrift in
cultivation. Acreage.—There was not apparently any disposition at the
time of the preparations for planting in North Carolina to change the
acreage in any material respect; but the unusually bad weather, making
re-planting largely necessary, after cotton had so materially declined
and breadstuff's had risen in price, has resulted in a substantial decrease,
not less, we should say, than 5 per cent on last year’s planting. In
South Carolina, the delay in the settlement of the political situation
was a check to all activity during the early spring months, and this,
with the low price, resulted in less enterprise and less land under
cotton. We should say the decrease was from 3 to 5 per cent; we
average it at 4 per cent. Stands.—In North Carolina, the stands are
very backward and, in a considerable section, poor; but in South Caro¬
lina, though backward, they are well cultivated, and, since the late
rains, developing well. Compared, however, with this time last year,
both States are less promising.
North and South Carolina.— Although
are
not in all respects alike as to the chances
made in Georgia last year, and planters
improved their condition materially. Fertilizers.—The idea of making
two blades of grass grow where one did formerly, is largely developing
jn this State; so there is no let up in the use of fertilizers, both home¬
made and commercial; in fact, there is steady progress in this direction.
Acreage.—A pretty general inclination to increase the cultivation of
cotton was evident this spring, which, if carried
out as begun,
would have resulted in an average increase for the State of fully 5 per
cent; but since then the relative value of crops has changed, and in
May cold nights made re-planting largely necessary, so that corn was
Georgia.—Good progress was
substituted, say decreasing the proposed cotton
cent, and leaving the net increase about 2 per cent.
backward all over the State, and especially in the northern
in very many cases
area
about
Stands
were
3
per
section, before the late rains and warm weather; and, though still small,
the plant is now well cultivated and growing vigorously, giving good
promise of a satisfactory result.
Florida.—We can find no material
Some sections show
a
change in the acreage in Florida*
small increase, but others a decrease, and alto
give the result the same as last year. Stands are about an
average, very well worked,’but smaller than usual in consequence of
the very cold spring.
gether
we
fair improvement is observable in the condition of
planters over a considerable section of this State. Less debt, more hope¬
fulness and courage are the prevailing features, a result, in good meas¬
ure, of the improved political situation, added to the large production of
food products the past two years. Acreage.—The year opened with a
isposition to increase cotton cultivation, and, in spite of the decline in
price since, there appears to be a considerable addition to the area under
cotton in many counties; this is particularly observable in some of the
more productive sections, and, then again, in some of the best cultivated
sections. We give the average increase at 5 per cent. Stands are good,
though almost everywhere small, the result of cold nights and a dry
May ; the plant is very well cultivated, and since the late showers has
taken a vigorous start. Fertilisers.—There has been a fair increase in
Alabama.—A very
the
use
579
THE CHRONICLE
June 23, 1877.]
of both home-made and commercial
fertilizers.
Mississippi.—The conditions in Mississippi are very similar to those
noted above for Alabama.
Acreage.—There is a decrease in some
a
considerable section there has been an increased planting, and in
parishes this is decidedly the case; but in others there is less land
very
some
We put the average
under cotton.
for the State at 6 per cent increase
well, and the fields
last year. Stands.—The negroes are working very
are well cultivated and cleaner than usual.
In some
on
few sections the
early-planted cotton has not come up evenly, but as a general thing the
stands are very good, though about 10 days late, and the rains since the
8th of June have made thefrlant “jump.”
Texas.—The rapid progress this State lias been making for many years
no check this season. Acreage.—All crops have received increased
shows
attention, there being a decided addition to the labor supply. We should
estimate that the new land put under cultivation in the State this spring
would reach about 18 per cent, and of this we give cotton, say, 10 per
cent. Stands.—The stands are excellent almost everywhere—strong
healthy, clean and well cultivated, and in the lower half of the State
very early and forward, but in the upper half backward, though now
growing vigorously and rapidly. Texas farmers are generally thrifty*
and, with a soil and climate almost unequalled in the world, it is no
wonder that even with low-priced cotton they keep the balance on the
right side.
spirit of enterprise this year
Acreage.—The early intention inclined towards some
increase in cotton culture; but as prices fell and breadstuff's advanced,
this intention took a new direction, and we find that the result wras no
appreciable change in the area devoted to cotton, but considerable
addition to the grain acreage.
Stands.—The stands are very good, and
but for the overflow in the Arkansas valley, the prospect in the State
would be better than for years. Cotton is very well cultivated; the fields
are clean and the plant is developing finely. The Arkansas valley overflow
has, however, been a very severe blow to that rich section of the State.
Our correspondents say that lands are under water now which were not
harmed in 1844. The loss from this cause to cotton wre cannot measure
at present. It will bo remembered in this connection that there was an
overflow of the Arkansas River the first week of last July, which did
Arkansas.—There appears to be a new
in this State.
much harm.
Tennessee.—This State did not have a good season last yoar, the
weather and low prices
resulting in considerable discouragement, so
that the present year’s work appears to have been entered
rather more carefulness and thrift than usual. We see this
upon
with
illustrated
considerably increased use of home-made fertilizers. Acreage.—
original intention was to have at least as much land in
cotton this year as last year; but as the season has advanced and cotton
has declined, with breadstuff's improving in price, the tendency has
been toward breadstuff's and away from cotton, and there can be no
doubt of the result being a small falling off in the cotton acreage—say 2
per cent, and possibly more.
Stands are not, on the whole, as favorable
as a year ago.
The most, however, are fair to good, nearly all are well
cultivated, but the plant is backward, though the late growth has been
rapid.
by
a
We think the
CONCLUSIONS.
From the
'
.
foregoing details we reach the following results :
of cotton and breadstuffs
January, it is more than probable that there
would have been a very considerable increase
in cotton
The last ciop was, in general, raised so ju¬
acreage this year.
diciously—that is, with such an addition to food products and so
marked an increase of economy and frugality in cultivation—that
though prices were low results were not unfavorable. But with
the subsequent rapid advance in breadstuffs and the obstinate
decline in cotton, the early intention to increase the cotton area
was reversed in the later plantings, the
inclination gradually
tending towards breadstuffs. Of course, in Texas, Louisiana, all
but the northern portions of Alabama, Mississippi, and Arkansas,
where the seed are put in early, this feeling developed less
decidedly, but in all those sections where the planting is later, we
find this result a very evident feature.
The actual increase and
the
First—Had
remained
as
decrease
in each
relative prices
in
State this
year we
estimate ,
therefore,
as
follows:
1873-4.
1876-7.
1875-6.
1674-5.
Acres.
Acies.
Acres.
Acres.
591,000
620,000
607,600
577,220
cent.
950,000
866,000
893,760
931,OCO
cent.
Georgia
-f2 per cent. 1,612,620 1,581,’ 00 1,700,000 1,650,000
no change.
220,000
225j00
220,500
Florida
220,500
Alabama
4-5 per cent. 1,981,350 1,€87,000 1,850,000 1,800,000
Mississippi... -H per cent. 1,995,760 1,919,000 1,900,000 1,880,000
Louisiana.... -f6 per cent. 1,285,250 1,212,500 1,550,000 1,150,000
Texas
410 p°r cent. 1,141,300 1,3*3 003 1,800,000 1,175,0:0
no change.
950,000
Arkansas
1,089,030 1,089,000 1,100,000
7u0,(h 0
740,000
740,000
725,200
Tennessee.... —2 per cent.
18* i —8.
/—
Inc. and Dec.
States.
—,
Acres.
N'th Carolina.
—5 per
600,000
S’th Carolina.
—i per
866,COO
1,703,000
200,000
1,800,000
1,900,000
1,100,000
1,0.10,000
950,000
700,000
...
Total ....+2’8 per cent.
This shows
per
an
11,824,9G0 A,500,€0011,635,000 10,982,0C0 10,816,000
increase in the acreage
cent, or a total acreage of
this
year
of about 2*8
11,824,960 acres.
Second. As to condition and cultivation, what we have said
increase of about 4 per
above leaves little to add. Generally speaking, the crop is every¬
generally good, and in the majority of cases very
good, though small, say ten days to two weeks later than usual; a few where, except in the lower half of Texas, more backward than last
counties report only fair stands, but the fields are everywhere very wel1
year, say from ten to twenty days. That, however, is, we think,
cultivated and clean, and the late warm, showery weather has given the
the only unfavorable circumstauce in the present surroundings,
crop a new start; we should say that the promise is now good.
outside of North Carolina, a part of South Carolina, and the
Louisiana. —This State sends us very hopeful reports. Acreage—Over
counties, but the average for the State shows an
cent.
Stands
are
580
THE
CHRONICLE
flood in the Arkansas valley.
Excluding these limited sections,
plant is almost everywhere strong, healthy, unusually clean
and well cultivated though small, but growing vigorously since
the late rains. In management, the same features are observable
that we noticed last year and have referred to above :—increased
thrift, less “slovenliness” in cultivation, less debt incurred, and
every kind of economy practiced in a greater degree than ever
before, points which the hard times are each year more and more
developing. To this add the present season a new spirit in the
labor class, and we have a combination of circumstances point¬
ing to and giving promise of a very prosperous future for the
South. The comparative condition of this and other crops we
represent in figures as follows :
the
[J
Jan Feb. Mar.
23, 1877
ne
Apr. May. June July. Aug. Sept. Oct. Nov. Dec.
i
Key West.
1874
2'90
1-73
Oil
1-55
2'78
4 54
303
3 77
7'42
3-35
1-21
0'27
1875
1-34
0'38
007
2'29
4'27
1 24
2 15
9 2Q 10'67
2 95
1 13
0'66
1876
0'54
1'65
0;42
0'60
3-32
5'97
5'48
4'38
3 13
9'27
2'50
0-72
1877
0 91
2 61
1-17
0 46
4'53
167
1*«a
1875
9'58
3 32
731
5'98
3'25
5'73
2 33
9'26 7'69
2'55
6-80 304
1876
2-14
1-41
8 63
5 1!
1'58 ll'5ti
7-17
473 1-61 14'59
1877
1'43
2 21
7‘ 11
6'50
2'93
St. Marks.
1874
113
8'51
Mobile.
1874
2'48
2-72 10'57 10'92
1 23
5'69 10'21
3'79
2'54
O'OO
204
417
1875
5'79
715
8'39
7 51
1 46
2 45
400
7'07
8*52
2 32
506
3 01
1876
3 14
4'32
801
3'88
4'32
3'35
5'38 11-53
1-76
0 37
5 37
7-18
1877
6'30
1-40
5 94
8'40
168
1877.
1876.
1874.
1873.
1872.
1871.
105
100
98
96
89
96
85
100
1874
3'69
6'57 10 * 66
9'45
2*0-3
4 31
3'87
1-25
0 39
1*97
2*60
514
100
92
100
93
85
94
80
100
1875
6 71
7'86 11 56
3 54
1-67
1 94
0'99
2-14
8' 13
1-68
5-90
6 04
4 85
6‘24
3 05
1 61
0 96
3-42
5-97
Texas
Louisiana.....
.
1875.
1870
Montgom’ry.
Mississippi
95
95
100
93
86
91
78
100
1876
3*70
5'07
7 33 10'99
6-55
Alabama
98
98
100
94
85
93
82
100
U77
6 67
2'68
7'17 10-36
0-52
Florida
98
99
95
94
85
95
80
100
Georgia
98
100
98
95
89
96
90
100
1874
5-27
3 -47
9'86 22'24
0-16
3'43
7'39
0 06
6'29
009
3 ‘ 21
4-75
5'49
7 01 14 51
5 07
1*69
4*05
1'92
885
7'55
3‘76
4 55
5'$1
1-74
3'34
2'86
1-95 22 00
2-62
574
Vicksburg.
South Carolina..
90
100
96
94
88
96
94
ICO
1875
North Carolina..
80
100
96
94
88
96
92
100
1876
3-81
5'18 11-21
4S9
624
Tennessee
96
100
98
92
85
89
92
100
1877
3'61
3-26
8'83
069
95
100
100
92
85
89
92
100
98-1
93'7
86 5
93 8
86'5
100
1875
1876
about
1877
.
Arkansas
Average.
.
.
.955
98-4
This statement indicates the condition of each crop at
the middle of June of each year.
Crop,
pounds net.
1,381,800,000
1,906,300,000
1,305,700,000
1,729,400,000
1,830,800,000
1,682,700,000
2,059,029,000
1,966,920,000
Planted.
7,833,000
9,985.000
8,911,000
9,560,000
10,816,000
10,982,003
11,635,000
11,500,600
1869-70...
1870-71...
1871-72...
1872-73...
1873-74...
1874-75...
1875-76...
1876-77..
Pounds
per acre.
176
191
Bales in
Net w't
the crop. per bale.
433
3,154,916*
438
181
4,352,317
2,974,351
3,930,508
169
4 170,383
154
3,832,991
4,669,000
4,430,000
147
177
171
*
1874
1*80
814 11-45
4 69
3-41
1-58
5-82
8'17
0-95
6-19
8-32
6'79
5-64
New Orleans
1'6S
1874
3-68
4 96
1-86
2'97
1-36
3'45
1-46
1-62 3-50
0-41
7'57 13*62
9'62 12'93
4'82
4-21
O'OO
112
253
4-92
6'57
8*61
7-89
2-09
6'79
575
4'43
8-20.11-32 6*41
7*10
6'20
4-73
4-44
0'26
0'24
4-35
9-57
5'30
0-98
6-93
8'44 13-85 10-84
1876
1877..
Shreveport.
4'94
4'79
1"48
.
1874
3'51
7‘58
9'27 10'64
1-19
1 35
5'59
0T9
6-33
0'10
2*10
1875
3'93
2'67
4'94
3'46
0-9*
1-79
216
6'17
802
4'40
2'99
954
1876
7 26
2'68 11'67
5-83
9-47
2'08
1'87
2 22
0'62
5-42
2'99
2'38
1877
2'£4
2'43
3'87
5 42
1-24
1'37
311
3 T9
3'38
5 80
1-68
0*31
7-19
5*84
072
1-58
6'92
1875
4-31
2'94
3'51
2 55
l 50
0'89
1-11
615 18'41
1'79
5 61
9'75
1376
1-49
4'79
5 94
2'65 1027
2T3
3 22 10 19
0'64
1*41
3 93
3'71
1877
4'53
112
1'35
8'36
1-80
Indianola.
439
1874
1-18
2'92
4'30
0'74
0-18
6 80
5-76
1 25 12'89
0-62
440
1875
1-17
2 23
102
2'51
1-45
O'31
2'34
2 03 10'65
2'26
2'42
439
1876
1'3C
1 ‘ 89
5'8f
0-32
0 32
1-19
4-40
4'41
5 61
3*45
439
1377
1'29
O'89
3C8
1 -70
2'40
441
444
It is not necessary to
make any deductions from the above table
however, prepared from our records, and the records
of the Signal Service Bureau, the following very useful table of
the monthly rain fall at the points mentioned, which, with the
previous table, will greatly help our readers in measuring the
effect of subsequent favorable or unfavorable conditions which
the growing crop may pass through.
The figures we give are
those of the Signal Service Bureau, in all cases where they have
an officer, but the others are from the records of our own correa*
pondents kept for us.
We have,
Corsicana.
1874
....
....
1-98
1876
187?
.
•
.
Apr. May. June July. Aug. Sept. Oct. Nov. Dec.
0'6l
.....
2'56 4-86
6*96
1*62
•
....
•
•
•
•
9*52
3'34
0*07
2*94
3'05
6'84
1-61
0*22
3-96 6'28
3 27
1 58
1-58
2 65
3 52
312
2 63
6-12
4-19
8 12
1-60
3‘79
1-25
5'46
4'30
5'65
7'15
5-77
2*52
2'68
1-26
0'95
2*22
0'47
4*61
4'72
107
3 67
2'94
2-72
4'34
2'39
2'94
2'38
9'63
5-54
4'38
5 37
3-04
3 95
0'90
2-14
5'89
2-65
0'64
6-95
1-32
2-00
....
.....
.
0'76
2'33
2'26
2 03
3'46
1-84
3-6:
3-96
4'56
1(6
6 84
4-8‘
6'01
4'75
1-49
2'87
j 1'73
5'63
0'79
309
•
1
•
•
.
,
0'68 3-84
2-22
....
Nashville.
1874
5'2?
9'23
5'26 11-84
1875
6*15
3 Oti
814
425
1876
6'41
2 22
5'28
3’62
1877
4 05
1 *06
4'95
947 : 1*25
1874
2'88
4'10
6'6* 10-16
0'63
1875
7-45
3'34
8 60
3-48
4-21
1876
7'65
1 33 11 03
4-51
8 49
1877
4*31
1 54
4 24 13 90
1 81
1876
•Tan Feb. Mch.
3*27
0-22
805
1875
1S75
tc
276
8 33
9'22
9'57
3-1C
1-85
1-30
6 52
7 61
2'22
Galveston.
1874
correct.
Acres
Corbus,Miss
'
Third.—Upon this acreage and the experience as to yield in for¬
mer years, the possibilities of the crop may be worth indicating.
Of course we all know that the actual product is the result of
conditions and surroundings which the future is to develop.
Still, the figures for past seasons are interesting, instructive, and
useful for comparison as the present season advances, and we
therefore give them since 1869-70, assuming that the census
returns of that year were
4'83
8'47
2'56
9 05
1877
302
3 01! 2'9C 13 84
5 96 I
3'40
1
Memphis.
|
2-70
*-
Little Rock.
1874
1875
'
Wilmington.
1874
514
6'54
3'72
2*88
5'07
5-81
404
9'35
3-33
0-91
2'67
1875
552
1-97
4'55
3'92
1876
0.52
304
4 54
2'82
2'84 11*67
1-95
7-44
2-23
2-53
1-77
3 20
3 44 12-44
7-62
8-55
9 41
7 22
1-65
5'48
1877
2-37
165
4'52
6*61
2'26
2'81
1874
3 51 10'45
3'45
2'95
5'50
2'29 13-74
7-00
6'66
1-85
211
1875
ry. rtty
4'2?
6 37
4'56
8*51
375
1-91
3-58
3 90
3 38
192
1876
063
2'43
2'54
4-93
3'77 14'98 11-26
5-10 11-26 14-32
1-35
Our readers will have to study the nature of the rainfall as
reported at the time in the Chronicle, to get the full benefit of
5'85
16T7
4-44
2 96
7'86 15'00
1-05
2'94
RITES OF BKCH4NGE AT LONDON AND ON LONDON
AT LATEST DATES.
2 71
-
Savannah.
2 69
4'85
4-85 10-14
6-58
8-89
1*42
6-83
5-11
3 20
4'10
1 51
6 14
3*95
ta GO
1-49
5*74
2'25 18-79
6-11
6-83
2 60
9*45
0-88
481
4'25
8'82
9'71
2'85
1875
8-84
3'5Q
1876
939
2'21
1877
2 63
1'71
1-80
1'66
Col’mbus.Ga
5'57 14 44
5 47
3'68
4-63
2'42
7-90
9'19
6-10
3'99
9'97
7'96
l'OO
3-02
445
1877
1 66
4 81
436
695
531
7 26
2-64
0 62
3-96
452
2-80
3'88
6'34
1 77
6'80
7'88
0-2i
1-45
3-48
5-63
5*23
5'27
1-42
2-03
4 05
4 37 12 95
5-56
243 (
3-16
1-61
7'18
3-94
0-67
4-48
1-63
5‘88
8'67
1*46
4'23
406
7'10
1'85
1877
4'40
2'20
5'23 1 4 64
2-47
120
3-44
•1875
;6'77
511 11'88
4-71
1876
!i-20
2'98
2'96
4'72
4'30
5'98 1 5'63
1876
1877
2 93
296
2-75
5 11
I
1§74
1875
44
7 22
4-76
7'78 ! 6 23
'
3-58
3-29
535
6-81
5-85
110
6-59
2-35
5-14
1'97
7-96
626
3-66
109
221
404
3 12
1-06
330
3'55
2 56
3-18
3 54
517
'
1-18
.
-
i
3‘14j 686
7 38'10 42
3-00
7-71
4-70 10 OC
0‘8C
3-19
300
345
614
3 67
3 44
692
10-2?
4'79
1 84
4-58
384
3-4-2
4-64
1'5C
3 32
5 37
5 91
6-01
5 0C
325 i 3 49
5 * 32
0-80 1
1-81 ;
5'35
8'14i
O'95>1
Paris
Paris
—
1
i
...
Berlin
Frankfort
St. Petersburg
....
DATE.
it
.
.
.
90
25X@25^
.
44
....
3 mos.
44
44
44
....
.
„
.
.
3 mos.
short.
-
•
Pernambuco
Bombay
Hong Kong...
Shanghai
125 53
20.47
20.46
25 17-32
-
^
•
•
5.
3 mos.
....
•
•
•
•
.
•
•
•
•
.
•
•
....
i
....
i
•
•
...
i June
'June
i
•
.
i
.
•
•
•
•
6.
8.
May 10.
3 mos.
60 days.
90 days.
.
....
.
.
.
.
47.60
4.88
24x@-24# :
.'
....
....
..
Calcutta
-
June
;
1
'
•
•
20.34
25.18
ll-16@i3
16
@28.00
@28.00
@28.00
16X346X
12.08
25 IS
....
•
51
27.95
27.95
27.95
BATE.
3 mos.
short.
....
.
days.
TIME.
short.
I2.3Jf@12.4
25.S7X325.42X
20.67 @20.72
short.
25.15 @25.25
3 months. 25.32X 325 3IX
44
12.75 @12.80
4»
20.67 @20.72
44
20.66 @20.71
Cadiz
Lisbon
Milan
Genoa
Naples
Madrid
New York
Rio de Janeiro
Bahia
Buenos Ayres..
LATEST
BATE.
Valparaiso
0-47
5'8oj
4 45' 247
4‘
Hamburg
Vienna
[ *
5-33
1876
Atlanta.
1874.-
TIMS.
Antwerp
1S76
1877
ON—
Amsterdam... 3 months.
1874
Augusta.
EXCHANGE ON LONDON.
JUNE 9.
2C4
2-07
1875
EXCHANGE AT LONDON—
1-41
2'71
1874
Macon.
1874
3-71
O '70
this statement.
Charleston.
1875../....
402 ,
60
days.
4
•
....
....
-
tr#
!
,
-
18. 8 y-ietf.
Is. 8 9-16d.
......
April 13. 90 days.
M ay 5.
44
June
June
June
7.
6.
2.
June
2.
6
mos.
4
.
44
4
»
41%@‘2
23@'24
1». 8 15-I6rf.
|
1*. 8 ytd.
4s.
dollar
f5d- W
iaph
Jane 23, I8i7.]
THE CHRONICLE
Cattgt fllaiietarp anft flamiturttal (Sugiltgl) Neroa
LFrom
our own
correspondents
London. Saturday, June 0, 1877.
The business of the country remains extremely quiet; but,
although there is some anxiety about the future, a fair degree of
confidence is apparent, and hopes are entertained that the war
will not be of long duration, and will be localized. The Russian
army is gaining ground in Asia, but the great contest on the
Danube has not yet beenf commenced; though, undoubtedly, the
Russian generals have been concentrating their forces, in order,
f practicable, to ensure a complete and early success. The
belief is very general that the Turkish army, which is considered
to be indifferently officered, will make but a faint resistance; and
it is this which chiefly induces the neutral powers to assume that
Turkey will, before long, be compelled to sue for peace. This
has, however, yet to be proved, and should the struggle on the
Danube be a protracted one, the confidence which exists in an
early termination to the war will have to be toned down very
considerably. Besides which, the history of the Turkish Govern¬
ment during the past twelve months is not such as to lead one to
believe that Turkey will give way to her foe until some
great
and irreparable disaster has overtaken her, and this is
by no
means
yet a matter of fact.
On the Danube and in the Balkan
the Turks may fight hard, though
opinion that Russia will eventually win.
passes
no one
disputes the
Count Schouvaloff has returned from St.
Petersburg, and report
is instructed to inform the British Cabinet that, in
victory, Russia has no intention of annexing Con¬
stantinople, or of demanding territory, or positions, which shall
be threatening to the interests of the British
Empire. We are to
be assured that Russia is incurring this great expense
only with
a view to ameliorate the condition of the
Bulgarian Christians.
The English people are slow to believe these
assurances, and are
quite prepared that, when the time shall arrive, the Czar and his
Government will discover a loophole of escape, by
asserting that
a victorious
army is a delicate instrument to deal with, and that
they have to choose between substantial territorial gains or
revolution. Of course, the former choice will be
accepted from
necessity, but this will only be a repetition of Prince, then Count,
Bismarck’s treatment of the late Emperor of the French.
The money market has been quiet
during the week. A promi¬
nent feature is that as
capitalists are unwilling to invest their
money in securities, the value of which is subjected to
repeated
fluctuations, there i_s a strong demand for good bills of short
dates, and, as these are sought after, the rates of discount are easy
at 2i per cent.
The supply of money is accumulating, and it is
probable that during the summer months there will be a further
increase in it. Comparatively little is
required for commercial
purposes, and the new companies and loans introduced this
year
have not been sufficiently important to have
any influence in
monetary circles. The German demand for gold has done more
this year to raise the price of money than either the
wants of
trade or finance, and but for it the market would
be in an
exceedingly easy condition. It is so now, indeed, for £tke Bank
rate is at only 3 per cent, while the
open market Crates are about
per cent for all classes of paper.
The following are the present
quotations for money :
says that he
the event of
"
-
Per cent.
3
Bank rate
Open-market rates:
30 and GOdays’ bills
I Open-market rates:
j
4 months’bank bills
2
6 months’bank bills
2 %@a%
4 and 6 montha’ trade bills. 2%@8/
|
2% @2%
3 months’bills
2%@2%
Percent
!
.
The rates of interest allowed by the
joint-stock banks and dis¬
count houses for deposits
are as follows:
Joint-stock banks
Discounthousesatcall
...*.*!!..!!
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
*2er@ent’
2
.
2%@1!!!
Annexed is astatement showing the
present position of the Bank
of England, the Bank rate of
discount, the price of Consols,
the average quotation for
English wheat, the price of Middling
Upland cotton, of No. 40’s Mule twist, fair second quality,
and the Bankers’
Clearing House return, compared with the
four previous years:
.
..
.
,
..
Circulation, including
Db^kP08t bibs
Public deposits
1873.
£
1874.
1875.
1376.
1877.
£
£
£
27,217.661
28.288,281
7,243,548
21,702,873
20.098,574
23,056.916
8,971,487
20.018,880
14.575,813
17, 484,551
11,060,982
14,867,171
12,189,816
22,676,715
22,930,897
27,647,151
25,225,001
3p.
3%p. c.
93
£
25,430,935 26,334,877
13,399,171
7,691.288
16,839,678 17.847,892
Government securities. 13,398,934 13.906,154
Other securities
23,868,801 17,999,621
Reserve of notes and
coin....
11,035,463 11,686,791
Coin and bullion in
Other
deposits
both departments.... 21,050,523
Proportion of reserve
6.808,134
20,073.649
13,716,691
to liabilities
Bank-rate..
Consols
6 p. c.
92%
50 07 p. c.
c.
92%
2 p. c.
x93%
15,214.859
19,379,635
41*25 p. c.
3 p. c
94%
581
1873.
1375.
1874.
1876.
1877.
46s. 4d.
58s. 8d.
61a. 8d.
41s. lid.
66s. llu
English wheat
Mid. Upland cotton....
6d.
8%d.
8 5-16d.
7%d.
B%w
No.40a, mule twist fair
2d quality
lid.
la. Id.
Is. 2d.
Is. 0%d.
9%l
Clearing House return. 91,731,000 98,232,000 92,950.000 83,320,000 106,768,(K
The following are the current rates of discount at the leading
cities abroad:
Bank
Paris
Amsterdam
Bank
Opel
rate, marks
per cent, per cent
Open
rate, market,
per cent, percent.
2
1%
3
Brussels
2%
2%
Romo
5
Leipzig
5
4
3
Turin, Florence
and
Hamburg...
5
2%
3%
Frankfort
5
5
3
3
ViennaandTrieste..-..
Madrid, Cadizand Bar¬
4%
4%
celona
Lisbon and Oporto..,.
8t. Petersburg....
6
Calcutta
9
6
Copenhagen..
4%
Berlin
....
4%
Genoa.
Geneva.......
New York.,..
4
4@5
4%
6
The Bank return
published this week exhibits changes of bu
importance. The proportion of reserve to liabilities i
about the same as last week, viz., 41f per cent. A moderate in
crease in the demand for money is indicated, and the supply o
little
bullion amounts to
£25,225,000, against £27,647,100 last year.
weekly sale of bills on India, the usual amount of £265,
000 was offered in addition to £11,500 not disposed of on the 30tl
ult.
Tenders on all Presidencies for telegrams at,Is. 8 9-16d,
received about 17 per cent; and for bills at that price and abov
in full.
The silver market is rather firmer at 53£d. per ounce.
Business on the Stock Exchange has been far from active
The fourteen failures recorded last week have made brokers ver;
At the
cautious in
opening speculative accounts, except for parties (t
stability, and, consequently, transactions have beei
few.
The tone, however, has been good, and the majority o;
changes have been favorable. The more important movemen.
has been in Egyptian stocks, the rise in which has been consider
able. There has been some influential baying, and a report ha»
been gaining ground that one of the results of the war will bi
that England will assume the Protectorate of Egypt and of thr
Suez Canal. This is assuming a good deal, but such coups ai
those intimated excite a good deal of influence, especially h
Paris, on which market Egyptian stocks are very extensive^
dealt in.
At the present time, however, the Suez Canal is no',
seriously, if at all, threatened; but there can be no doubt that ah
the power of England will be concentrated, if necessary, to pre¬
vent it from being injured, or the navigation in any way being
impeded. American securities were dull in the early part of the
week, but a firmer tone has since prevailed, and prices exhibit a
slight recovery. There seems, however, to have been less demand
for American Government securities for investment, and the
Funded Five per cents have recently been somewhat drooping,
though to au unimportant extent. There are, nevertheless, no
signs of weakness in the market for securities of acknowledged
ascertained
soundness.
The
following were the closing prices of coasols and the prin¬
cipal American securities at to-day’s market, compared with those
of Saturday last:
Juno 9.
June 2.
Redm.
Consols
United States
Do
5-20
U. 8. 1867, 6s
Do funded, 5s....
Do 10-40, 5s
Do funded, 4%s, issued at 103%..
1887
1881
1904
Louisiana Levee, 8s
Do
68
Massachusetts 5s
Do
5s
Do
5s
Do
5s
Do
5s
Do
5s
1875
1888
1894
1900
1889
1891
1885
„
Virginia stock 5s
Do
Do
x94%@ 94%
94%
188!
1885
6s*
New funded 6s.;
1905
110%@llt%
110%@111%
@196
@109%
107%@107%
108% @109%
105
109
107
104
40
40
103
103
105
105
105
105
103
40
40
103
103
104
104
101
104
32
32
105
109
@104%
@ 50
@ 50
@105
@105
@107
@107
@107
@107
32 @ 37
32 @ 34
70 @ 72
@106
@109%
@107%’
!09%@109%
68
@103%
@ 50
@ 60
@105
@105
@106
@106
@106
@106
@ 37
@ 34
@ 70
AMERICAN DOLLAR BONDS AND SHARES.
Albany & Sn quehanna cons. mort. 7s. Nos.501
to 1,500, in :lusive,guar. by Del.&Hud.CaDal. 1906
Atlantic & t-reat Western 1st M., $1,000, 7s...1902
1 »o
2d mort., $1.000,7s..1902
Do
3d mort., $1,000
1902
1 >o
Do
Do
Atlantic
1st mort. Trustees’ certificates....
2d
do
do
3d
do
do
....
.
..
Mississippi & Ohio, Con. mort., 7s —1905
do
Committee of Bondholders’ ctfs
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
" (Tunnel) 1st mortgage, 6s,
do
(guar, by Pennsylvania & No. Cent.Railway). 1911
Central of Now Jersey, cons, mort., 7s
1899
Central Pacific of California, 1st mort., 6s
1896
Do Califor.& Oregon Div.lst mort.gld.bds,6s. 1892
Do Land grant bonds
1890
Del. & Hud. Can. 7s
Detroit & Milwaukee 1st mortgage, 7s
1875
Do
2d mortgage, 8s
1875
Erie $100 shares....
Do reconstruction trustees’ assessm’t, $5 paid..
Do
do
$4 paid...
Do
do
$3 paid...
Do
do
$2 ua’d...
Do preference, 7s
Do convertible gold bonds. 7s
1904
Do reconstruction trustees’ certificates, 7s
*
94
19
7
3
19
7
3
25
25
83
84
57
106
93
89
90
30
30
@
@
@
@
@
@
@
@
@
@
94
18
96
21
7
3
9
4
21
9
@ 20
@ 9
18
7
3
25
25
84
4
30
30
85
@ 86
@ 59
@107
@ 95
@ 90
@ 92
@ 40
@ 40
6 @ 6%
11%@ 12%
10 ^@ 10%
13%@ 16%
19 @ 19
1?%@ 19%
33 @ 35
33 @35
Ex 6 coupons, January, 1372, to July, 1874, inclusive.
@ 96
,
@
@
@
@
@
@
@
4
20
9
4
30
30
86
85
@ S7
57
105
93
87
90
30
30
@ 59
@106
@ 95
@ 89
@ 9t
@ 40
@ 40
5%@ 6%
11%@ 12%
10 @ 10%
18 @ 19
17%@ 18%
15%@ lfi%
33 @ 35
33 @ 35
582
THE
Redm.
(alveston & Harrisburg, 1st mortgage, 6s
1911
tinois Central, $100 shares
lihigh Valiev, consolidated mortgage, 6s
1923
Marietta & Cincinnati Railway, 7s
1891
Mssonri Kansas & Texas, 1st mortM gnar. gold
bonds, English, 7s
1904
New York Boston & Montreal, 7s
1903
Few York Central & Hudson River mortg. bonds.7
New York Central $100 shares
11890
Oregon & California, 1st mort., 7s
do
Frankfort Commit’e
Pennsylvania, $50 shares
Do.
1st mort., 6s
consol. sinK’g
Do.
Receipts,
x coup.
1880
1905
fund mort. 6s
Philadelphia & Reading $50 shares
Pittsburg Fort Wayne & Chicago equipment
bonds (guar, by Pennsylvania R. R. Co.), 8s
Union Pacific Land Grant 1st mort, 7s....
Union Pacific Railway, 1st mortgage, 6*s
Allegheny Valiev, guar, by Peun. R’y Co
54
—
87
@ 69
25 0 27
25 @ 2,
28 @ 29
100 @103
88 @ 90
12 @ 13
certs, (a), 7s
1892
.tlantic & Gt. W. Re-organization 7s
1874
1874
.Uantic & Gt.W., leased lines rental trust, 7s.1902
1902
Do
do.
do.
,1903
1873,7s.1903
Do.
do.
Western exten., 6s
.1876
1876
Do.
do.
do. 7s, guar, by Erie R’y.
Baltimore A Ohio, 6s
1895
Do
6s
1902
Do.
6s
1910
3url. C. R. & Minn., 7s
1902
<airo & Vincennes, 7s
1909
Chicago & Alton sterling consol, mort., os.
1903
Jhicago <fe Paducah 1st mort. gold bonds, 7s...1902
...
fleveland, Columbus, Cin. & Ind.
con. mort...1913
]astern Railway of Massachusetts, 6a
1906
Jrie convertible bonds, 6s
1875
Do. 1st cons, mort., 7s
1920
Do. with reconstruction trustees’ certificates of 6
92
1894
..1900
1900
1895
1905
1891
jehigh Valley consol, mort., 6s, “A”
^cuisvllle & Nashville, 6s
Memphis & Ohio 1st mort. 7s
•
•
•
.©
.©
37
15
•
•
.©
....
•
'95'
Pennsylvania general mort. 6s
1910
Do.
consol, sink’g fund mort. 6s... .1905
Perkiomen con. mort. (June ’73) guar, by Phil.
& Reading, 6s
1913
Phil. & Erie 1st mort. (guar, by Penn.RR.) 6s.. 1881
Do.
with option to be paid in Phil., 6s
...
Phil. & Erie gen. mortgguar. by Penn. RR.)6s.l920
Phil. & Reading general consol, mort. 6s
1911
Do.
imp.'mort., 6s.
3897
Do.
gen. mort., 1874, 6’s
Pittsburgh & Connellsville Con. Mort. Scrip,
guar, by Baltimore & Ohio RR. Co.. 6s
89
110
84
99
25
57
bonds, 6s
*
St. Louis Tunnel 1st mort. (guar, by the Illinois
86
1838
.1896
1894
1931
105
105
•
•
•
565.382
44,274
m
m
m
•
© 92
@103
© 83
©
© 97
•
•
95
87
97
94
© 91
©111
© 86
@101
© 35
89
110
84
99
25
•
•
© 91
© 35
r
© 89
© 99
© 96
©1111
© 86
©[[01
104H@2.0.3#
92# @ 93#
@ 55
@101
53
99
© 55
@1101
@101
99
various
© 69
@ 96
© 61
© 59
88
© 88
1
© 79
4
@
@L7
5T
100#© '.01#
86 @ 88
68
@ 97
@107
95
105
106
21,7*7
39,244
?•> 4
39l’684
7,709
35.u9?
36,575
18,750
points
on
1,833,954
54.4’5
17.615
269 6*2
83,845
10,341
2,82.3
111,933
2,233
43,0U
45,356
231,597
112,919
that wheat valued at £1,500,000 was
the Bengal railways awaiting trucks to
1875-6.
1874-5.
© 72
© 97
@103
@103
The
1876-7.
£17,110,216
£21,294 880
Barley
4,697,250
Oats
Peas
Beans
Indian Corn
Flour
4.151.927
2,945,605
3.200,751
520,601
1,217,855
6,751,237
3,903,405
4.243,769
3.232,508
429,827
£39,834,334
£38,845,104
588,936
977,019
4,837,012
3,409,732
1,332,432
7,931,622
4,564,730
last month was £4,752,407,
£3,389,204; and of flour £1,078,777, against £409,215 last,
agaiust
year. That increase is due not only to the increased price, but
also to an augmented importation.
The following return shows the extent of our importations of
wheat and flour into the United Kingdom, since harvest, viz.,
from September to May, inclusive, compared with the two pre¬
ceding seasons, together with the countries whence these supplies
were
derived:
IMPORTS OF WHEAT.
1875-6.
1874-5.
cwts. 5,913,046
From—
Russia
United States
British North America
7,218,624
16, li 2,255
2,144,052
3,824,812
15,963,877
1,113,307
2,945,750
Germany
France
Chili
Turkey, Moldavia and Wallachia
Egypt
1,003,630
710,793
1,492,013
2,317,UK)
1,923,272
456,743
797.094
529,823
190,130
British India...
Other countries
241,722
575,201
*
.
IMPORTS OF
Total
a
1,297,470
3,137,010
1,001,638
39,410,464
29,589,677
721,741
841,907
1,476,464
1,440.202
FLOUR.
510,297
Germany
\
.
..
.
'.
result of the
1,401,477
1,7,85,879
96,741
506,453
1,072,468
955,758
146,897
1,350,582
4,292,847
France
United States
British North America
Other countries
As
1876-7.
6,244,814
12,701,246
995,505
2,231,247
978,007
165,978
787,232
2,b74,0I3
29,020,743
Total
90
Crt 96
55
63,450
£15.030 526
©
r- r*
5,183,706
Wheat
©101
94
13,017.634
181,124
185,009
22,491
Total
£33,692,502
The value of the wheat imported
@ 60
97
89
99
96
68
95
•
© 71
© 36
© 36
© 65
© 95
101
86
101#@102#
8 outh & North Alabama
.0
© 74
© 74
93
55
90
...
•
© 32
©106
55
li5#@10«#
91 @ 95
53
99
99
87
94
79
•
•
© 88
@ 4 4
36
0 6S
©
©
©
©
@
•
69
34
34
© 36
55 © 65
93 @ 95
55 © 60
89 © 91
101 @103
85
..
...
86
72
72
72
@ 71
'ft
•
...
@ 74
34
•
23
104
@ 74
72
.©
©
1U7#@108#
107>£@10854
107 @108
.©
....
72
•
...
7,131,150
1,393.495
2,089,470
12.037,198
5,337,818
showing the value of *lie grain and flour
imported into the United Kingdom during the first nine months
of the present season, compared with the corresponding period in
the two preceding seasons:
@ 20
•
•
....
...@
28 @ 32
104 @106
....@
88 @ 83
72 @ 77
91
.
15
4,995,688
11,211,278
convey it to Calcutta.
Annexed is a return
...
....
18,592,429
Oats
Peas
Beans.
Indian Corn
Flour
at
...
...
....
100#©107#
106#@107#
106 @107
Milwaukee & St. Paul, 1st mort. 7s
1902
Sew York & Canada R’way. guar, by the Dela¬
ware & Hudson Canal, 6s.
1904
)L Y. Central & Hudson River mort. bds., 6s..1903
Northern Central Railway consol, mort., 6s. ...19C4
Panama general mortgage, 7s...
1897
Paris & Decatur
1892
Bridge Co.) 9s
....
2.857.435
25,702.494
5,271,834
Advices from India state
@
.©
37 © 40
....
1,: 42.880
Wheat
@ 92
@ 20
©
•
87
97
& St. Louis
91
97
1873-4.
32.167,403
7,477,744
7.878,633
928,654
3,155,213
3.651.889
,.
Indian Corn
Barley
@102
© 99
@103
@ 40
...
19o2
1901
Union Pacific Railway, Omaha Bridge. 8s..
United New Jersey Railway and Canal, 6s
Do.
do.
do.
do.
6s,
102
1874-5.
80.041.624
EXPORTS.
@103
@ 91
100
7,844,813
1,"21,515
Flour
10#@ 11*4
34
1903
Do.
5s
11. Mo. & Texas 1st mort., 7s
100
t>9
@ 93
69
coupons
llinois & St. Louis Bridge 1st mort., 7s
Do.
do.
2d mort., 7s
llinois Central, sinking fund, 5s
Do.
6s
....
27»/2@ 28#
@102
9? @ 99
102# @103#
itlantic & Gt. Western consol, mort., Bischoff.
Do. reconstruction trustees’ certificates, 7s
♦ilman Clinton & Springfield 1st M., gold, 7s.
Barley
Oats
Peas
Beans
@ 55
.@
115 @1:6
86 © 83
2.5
@ 27
25 © 27
mm
...
1875-6.
40,797,206
7,144,108
8,253,900
Wheat
BONDS.
.1910
1910
Do. 2d consol, mort. 7s
IMPOSTS.
1876-7.
53
@ 55
@
100
1889
1898
AMERICAN STERLING
June 2.
72 @ 74
50 @ 52
89 @ 91
99 @101
June 9.
72 @ 71
50 @ 52
59 @ 91
100 @102
[Jure 23, 1877.
CHRONICLE
4,855,055
5,255,752
1,906,942
198,146
rapid advance in prices since the declaration
the imports of wheat and flour into the United Kingdom
last month, amounted to 5,831,181 cwt., against 3,748,479 cwt. in
1876, being an increase of rather more than 2,000,000 cwt. Of
wheat there was an importation from Russia of 829,424 cwt.,
of war,
public sales of colonial wool have been progresslag with
spirit, and prices are unchanged. Home buyers operate
very cautiously.
The weather has been favorable for the growing crops, and
against 177,007 cwt.; from Germany, of 793,254 cwt., against
the wheat trade has, in consequence, been dull, and former prices
404,270 cwt.; from Turkey, Moldavia and Wallachia, 285,366 cwt.,
have been with difficulty supported. All apprehensions about
against 184,057 cwt.; from the Atlantic ports of the United States*
scarcity have disappeared, and the probability is that quotations 523,596 cwt., against 1,291,650 cwt.; from the Pacific ports, 1,157,will steadily recede. The crop accounts are good, not only in 376
cwt., against 661,831 cwt.; from British'India, 447,978 cwt.»
this country, but also in France, Germany and Austro-Hungary.
against 195,270 cwt.; and from France, 471,682 cwt., against
The return for the week ended June 2 shows that in the 150
24,990 cwt. Comparing the receipts from the Atlantic ports of
principal markets of England and Wales the deliveries of English the United States with those of last year, it would appear that
wheat amounted to only 26,376 quarters, against 42,594 quarters the enhanced
price of wheat had had no stimulating influence*
last year. In the whole Kingdom it is estimated that they were
This, however, has not been the case ; for in April the imports
105,500 quarters, against 170,500 quarters, showing a deficiency were only 246,741 cwt., and, consequently, there has beenasomeof 65,000 quarters.
Since harvest the deliveries in the 150 wliat substantial gain, but the import is nevertheless a small one.
principal markets have been 1,763,363 quarters, against 1,786,40(5 The increase in the import of wheat and flour from near countries
quarters; while in the whole Kingdom it is estimated that they in May, compared with the same month last year, was 2,400,000
have been 7,073,500 quarters, against 7,145,700 quarters in the
cwt.
corresponding period of last year. It is computed that the follow¬
The Board ot Trade returns have been issued this week, and
ing quantities of wheat and flour have, without reckoning the they confirm the belief recently entertained that there has been
supplies furnished ex-granary, been placed upon the British mar¬ some improvement in our
commerce. The following are the
moderate
$
kets since harvest:
1876-7.
cwt.
Imports of wheat
Imports of flour
Sales of home-grown produce.
40!797,*306
1874-5.
1873-4.
cwt.
30,011,624
41,195,400
32,167,403
5,188,706
34,471,500
76,757,394
534,132
749,852'
76,574.842
226,930
71.827,609
1,916,873
76,173,262
76,347,362
69.880,736
43s. 8d.
61a. 9d.
66,409,947
Exports of wheat and flour
65,660,095
Average price of English wheat....
51s. 4d.
45s. 5d.
figures:
IMPORTS.
cwt.
4,995.683
30,964,500
.30,486,113
5,271,834
..30,652,000
,
Total
Result
1875-6.
5,331,818
In May
In the five months
1877.
1876.
1875.
£29,405,133
£34,647,682
£17,055,504
£)2,346,1G7
£17,461.139
156,760,720
151,895,261
In May
Iu tte five months
The exports
follows:
£13,225,152
81,361,799
91,567,221
cotton piece goods of all kinds.
18T5.
1876.
following figures show1 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
To Germany
To Holland.
Yards 4,835,700
4.191,ft00
5.864,000
6,738,0* 0
with the
To France
To Portugal,
6,022,600
5,854,200
6,901,600
To
7^,923,471
of cotton piece goods during the month were as
The
corresponding periods in the three previous years:
165,638,033
exports.
Italy..
5,138,300
Azores, and Madeira
4,787,600
7,223,900
1877.
5,312.900
4,204,890
5,341,200
6,453,600
4,898,200
1877.]
June 23,
1875.
To
Austrian territories
To
To
To
To
Turkey
Egypt
Greece
'
We*t Coast of
To United States
To Foreign West
To Mexico
Africa
1876.
1877.
1.028,000
1.760,400
19,349,100
8,326,300
.
601,300
88\300
1,683,200
30,940,700
1.538,6)0
1,202,800
5,229,600
4,721,200
2,681,300
2,432,500
2,189,400
4.286,800
577,700
3,7 46,600
4,582,309
4.583,000
3,015,400
2,854,300
18,828,700
536,100
3,651,000
14,615,000
2,293,300
8,339,400
15,808,900
1,478,500
2,894,400
Indies
ending (for dry goods) June 14, and for the week ending (for
general merchandise) June 15 :
10,134,900
8,304,300
7,229,900
583
CHRONICLE
THE
3,944,800
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1874.
1875.
1876.
1877.
$1,256.120
Drygoods
$394,069
3.799,892
$718,531
5,015,399
$777,492
5,593,521
General merchandise...
..8681
9
To
United States of Colombia (New
Granada)
To Brazil
To Uruguay.
To Argentine Republic
To Chili
To Peril
To China and Ilong Kong
To Japan
To Java
To Philippine Islands
To Gibraltar
To Malta....
To British North America
To British West India
3,291,200
2,389,900
.
*
5,838,500
916,300
37,707,900
3,324,000
6,174,100
1,657,400
3,402,000
1,555,800
1,227,100
37,195,200
3,749,900
5,906,300
2,235,704
1,716,400
l,2r.5.400
I,c39,u00
5.133,400
4,049,100
3,749,700
45,614,600
2.057,200
13,476,300
5,576,000
2.378,300
3,119.700
1,716,600
Islands and
$6,654,641
$4,683,961
$5,731,733
Previously reported.... 197,652,363
165,128,710
143,272,663
$6,207,910
143.482,479
$201,507,010
$169,812,671
$149,006,396
$156,730,389
Total for the week.
since Jan. 1
report of the dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
In
our
of
June 19:
EXPORTS FROM NEW YORK FOR THE WEEK.
1875.
1874.
1877.
1876.
For the week
3.764,800
1,408,400
4,067,500
1,143,500
3,990,300
19,926.800
18,230,000
8,191,i00
Guiana
To British possessions in South Africa.
To British India—
7,697,800
16,024,200
2,974,400
58,691,700
60,290,600
81,362,400
1,110,800
$6,333,587
$5,672,819
$6,513,296
$4,820,173
Previously reported....
124,470.768
105,161.505
107.543,338
118,975,091
$131,353.355
$110,836,324
$114,056,634
$123,795,264
Since Jan. 1
Bombay
Madras
Bengal
Straits Settlements
•
8.861,300
6,784,300
9,028,700
3,175,300
3.172.400
2,106,200
7,807,900
22,190,000
9,490,000
21,461,200
9,458,200
23,752,900
Total unbleached or bleached
202,645,000
Total printed, dyed, or colored
80,164,300
Total of mixed materials, cotton pre¬
201,6'lt,600
84,943,800
226,537,300
97,792,400
1,016.300
892,400
Ceylon
ToAustralia
To other countries
dominating......
853,30)
Total
283.662.600
290,621,700
325,222,100
OTHER MANUFACTURES OF COTTON.
£103,047
£75,211
Thread for sewing
lbs. 867,(53
Other manufactures, unenumerated....
£79,004
Total value of cotton manufactures ....£4,768,00 L
Hosiery of all-sorts
for several
£9*2,663
£74,394
1,061,393
£76,336
£4,871,042
of specie from the port of
1C, 1877, and also a com¬
with the corresponding totals
parison of the total since Jan. 1
previous years:
..Amer. gold coin..
.Span, doubloons..
$12,500
136,520
Silver bars
Amer. gold coin..
Aspinwall
Amer. gold coin..
Sourhamptou....Amer. gold coin..
10,000
June 12—Brig Silas N. Martin.... Puerto Cabello.
June IS—Str. City of New York..Havana
London
June 14—Str. Hammonia
Paris
Panama
Acapulco....
June 16—Str. Mosel
Thedaily closing quotations in the markets of London and Liverpool for the past week have been reported by cable, as shown in
the following summary:
Money and Stock Market.—The bullion in the Bank of
England has increased £854,000 during the week.
London
Sat.
94 7-:6
0.8.68(5-208) 1867.... 106);
0. 8.10-408
New 5s
New 4%s
94);
106)*
109!*
107%
101%
109)*
107%
104%
Ttaur.
94 5-16
94 5-16
.106%
109>^
107%
104%
91);
94 3-16
93 13-16
106!*
109%
107%
104%
’
Fri.
94 3-16
93 13-16
106>;
104%
•
$575,320
Total for the week
Liverpool Breadstufta Market.—
s.
Tnes.
a.
d.
26 6
11 0
Mon.
Sat.
s.
d
27
d.
Flour (extra S cate)
# bbl 27
Wheat (R. W. spring).# ctl 11
0
Wed.
s.
26
11
Fri.
d.
s.
26
Thnr.
d.
6
0
s.
26
d.
6
'0
44
(Red winter)....
44
(Av. Cal. white).. 44 12 2
“
(C. White club)... “ 12 6
Corn(n.W. mix.) # quarter 23 3
23
0
37
12 "0
12
12
12
23
37
6
3
0
12
12
23
37
0
4
9
0
12
0
4
9
12
23
37
0
11
12
24
3?
0
4
9
0
li
0
0
0
0
Liverpool Provisions Market.—
Sat.
d.
s.
Beef (prime mess) . .# tc. 60
Pork (W’t. mess).... #bbl 54
Bacon (l’g clear mid.)# cwt 35
44
0
0
0
45 0
44
Lard (American)....
Cheese (Am. flnelnew
62
Mon.
d.
80 0
51 0
34 6
44 0
8.
62
0
0
Tnea.
s. d.
Wed.
8.
d.
Thar.
80
54
34
44
6i
80
53
34
44
61
80
53
34
45
0
0
6
6
0
8.
0
0
6
6
0
61
Fri.
s.
d.
d.
0
0
6
6
0
90
52
34
45
60
0
6
6
6
0
Liverpool Produce Market.—
Sat.
s. d.
Bosln(common)... #cwt..
"
(fine)
44
5
10
Petroleum* refined).... # gal
44
3
6
12
41
(spirits)
Mon.
d.
5 3
10 6 »
12
Tnes.
d.
5 3
10 6
12
8%
8%
40
0
27
44
27
Wed.
8%
8.
Tallow (prime City)..# cwt. 40 6
Cloverseed(Am. red)., 44 45 0
Spirits turpentine
45
0
0
0
b.
40
45
27
0
0
0
d.
5 0
10 6
12
17.337,918
Sat.
£ b. d.
Lins’dc’kefobl).# tc. 9 15 0
Linseed (Cal.) # quar.
55 0
8ngar(No.l2D’ch 8td)
on spot, $ cwt
82 0
Sperm oil
# tun.. 81 0 0
Whale oil
35 0 0
44
Linseed oil....# ton. 27 IQ 0
.
5
10
e.
5
10
12
8%
40
45
27
d.
0
6
0
0
0
6
12
8%
40
45
27
0
d.
Imports
chandise.
and
0
0
0
40
45
27
0
0
0
Mon.
£. 8. d.
9 15 0
55 0
82
82 0
35 0
27 10
0
0
0
0
Tnes1.
£ 8. d.
9 15 0
55 0
82
82 0
35 0
27 10
Wed
£ 8. d.
9 15 0
55 0
0
32
0 82 0
0- 35 0
0 27 5
0
0
0
0
Thai
£ 8. d.
0
9 15
55
0
32
0
35
0
27 5
0
0
0
0
82
1867
14,147,722
45,593,159
23,455.564
1866
44,912,564
follows
periods have
:
Vera Cruz
City of Mexico
^
$223,890
Silver coin
1,993
Gold coin..
300
Puerto Cabello.. .Gold coin..
Aepiuwail
Silver coin.
Havana
Silver coin.
Gold coin..
1,700
con..
17,000
Silver coin.
Gold coiu..
5,000
8,860
Gold
Aux Cayes
St. Johns
26,569
1,182
$236,494
Total for the week
Previously reported
6,956,915
$7,243,403
Total since Jan 1, 1S77.
8ame time in—
1876.
1875....
1874
1873....
1872....
..
Same time in—
$1,920,564
2,423,389
2,594,115
732.485
Plymouth Kankakee
bed and other property of
1871
1870
1869
1868
1867
& Pacific.—The partly graded road¬
this company was sold by a master in
chancery at Momence, Ill., June 12, and purchased by Mr. John.
C. Cushman, in behalf of certain bondholders, for $4,000. The
engineer of the road has a claim of several thousand dollars for
building it and notified the mortgagees that they had no claim.
bankers and
—On June 1, Messrs. Geo. Wm. Ballou & Co.,
dealers in investment securities, Boston and New York, received
the award of $250,000 City of Cleveland 5 per cent
bonds run thirty years, with interest payable in
cember in New York, and are now offered for sale ($125,000 of
9 15
55
0
0
32
0
35 0
27 K
0
0
0
0
Exports for the Week.—The imports this
a
•gainst $6,529,778 last week, and $6,340,376 the previous week.
The exports amount to $4,820,173 this week, against $6,023,957
last week, and $6,251,533 the previous week. The exports of
cotton the past week were 3,603 bales, against 14,182 bales last
week. The following are the imports at New York for week
named.
Notice is given that the coupons due July 1st prox. on. the 7
cent bonds of the city and county of San Francisco, issued
the widening of Dupont street, will be paid at the office of the
—
for
Fri1.
£ 8. d.
82
$16,452,030
imports of specie at this port during the same
as
..$17,913,288
1870
June 11—Schr. B. J. Willard
June 12—Str. Crescent City
per
decrease in dry goods and an increase in general mer¬
The total imports amount to $8,297,910 .this week,
The
been
them) by the house above
8%
®ommcrnd uni) ilTtsccllanrous Nnns.
week show
1872
1871
-.
Same time in—
bonds. These
June and De¬
Fri.
Tfinr.
8.
b.
London Produce and Oil Markets.—
<
$26,731,441
47.024,525
27,388.285
25,759,327
33.436.823
09,757,150
^
.
44
Peas (Canadian) $ Quarter 37
Same time in1876
1875
1874
1873
June 15—Schr. E. A. De Hart
June 16—Str. Huntsville
Liverpool (Jotton Market.—See special report of cotton.
70J00
35,000
15,000
Mex. trade dols...
Mex. silver dols..
June 12—Str. Rio Grande
106)*
109%
107%
104%
109%
107%
5,000
250,000
..Silver bars
Previously reported
June 11—Str.
Wed.
Tnes.
Mon.
94 7-16
700
...
Total since Jan. 1, 1877
Bitglhh market Reports—Per Cable.
15,600
25,000
Mex. silver dols...
Amer. gold coin..
Hamburg..
June 15—Str.
London
£79,941
£66,514
929,962
£65,456
£4,492,753
Lace and patent net
The following will show the exportB
New York for the week ending June
1S77.
1876.
1«75.
Consols for money.. 94%
“
account.. 94?;
7,520,418
City Treasurer, or will be cashed, less exchange, at the
Co., No. 12 Pine street, New York.
house of Laidlnw &
banking
—Proposals will be received by Messrs. Latham, Alexander &
Co., 18 Wall street, till June 30, for any part of $1,922,000 of 7
per cent mortgage bonds of the Buffalo New York & Erie Rail¬
road Company. These bonds run till 1916, and are issued to pay
off a like amount of old bonds maturing this year.
The Bank of New York National Banking Association has
declared a dividend of three and one-half per cent, payable on
—
Transfer books are closed until July 2,
Metropolitan National Bank will pay a semi-annual divi¬
five per cent on July 2. Transfer books are closed until
and after
—The
dend of
July 2.
July 6.
—The Hanover National
cent, payable on and
and re-open July 2.
Bank declares a dividend of 3£ per
after July 2. Transfer books
cloeed June 22
—The Oriental Bank has declared its usual semi-annual divi¬
dend of 5 per cent, payable on and after July 2, free of
tax.
all
—The Tradesmen’s National Bank has declared a
4 per cent, payable on and after July 2.
dividend of
584
THE
flankers’
c
©alette.
NATIONAL BANKS ORGANIZED.
The United States
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week :
2,S61-?National Bank of Rockville, Indiana.
Authorized capital, $100,000;
Said-in capital, $55,000. Jonathan M. Nichols, President; IK, 1877.L.r
IcCune, Cashier. Authorized to
business June Samuel
commence
DIVIDENDS.
The following dividends have recently been announced:
Per
Cent.
COMPANY.
When
P’aule.
Chic. Iowa & Nebraska
Chic. R. 1. & Pacific (quar.).
Cin. San. & Clev. pref
Old Colony
..
Shore Line
Southwestern (Ga.)
United RR. Co.’s of New Jersey
Banks.
Bank of America
Bank of N. Y. Nat.
Hanover Nat
3(4
$5
O
A*
1(4
$3
•4
3%
oil
*/2
(quar.)...
4
Banking Ass’n
3/2
3(4
n
Importers’ ■& Traders’ Nat
i
Irving Nat
4
Merchants’ Nat
Merchants’ Exchange
3%
Nat
3
Nat. Bank of Commerce
Nat. Butchers’ & Drovers’
Nat. Broadway
5
3
4
8
3
Metropolitan Nat
Nat. Park
Insurance.
Hamilton Fire
Montauk Fire
(Days inclusive.)
miscellaneous.
Wells, Fargo & Co
“The subject, from its great importance, has demanded and received careful
consideration. Under the laws now in force, there is no coin issued or issu¬
able in which the principal of the four per centum bonds is redeemable or the
interest payable, except the gold coin of the United States of the standard
value fixed by the laws in force on the 14th of July, lSIO, when the bonds were
authorized. The Government exacts in exchange for these bonds payment at
their face in such gold coin, and it is not to be anticipated that any future
legislation of Congress, or any action of any department of the Government,
would sanction or tolerate the redemption of the principal of these bonds or
of the interest thereon in coin of less value than the coint
bonds, being the coin
authorized by law at the time of the issue of the
exacted by the Government in exchange for the same.
The essential element
of good faith in preserving the equality in value between the coinage in tvhich
the Government receives, and that in which it pays these bonds, will be
On dem
sacredly observed by the Government and the people of the United States,
whatever may be the system of coinage which the general policy of the nation
may at any time adopt. This principle is impressed upon the text of the law
of July 14, 1370, under which the four per centum bonds are issued, and
2
1 July 2 to July 31
On dem
July
July
requires,
2
5
in the opinion of the executive department of the Government, the
red mption of these bonds and the payment of their interest in coin
value with thac which the Government receives upon their issue.
June 20
“
July 10
July 2!June 23 to Julv 8
J illy
2 June 23 to July 1
July 2 June 23 to July 1
July 2 June 21 to July 1
July 2 June 19 to July 1
July 2 June 22 to July 2
July 2 June 20 to July 1
July 1 June 21 to July 5
July 16 June 24 to July 31
July 2 June 21 to July 2
July 2
July 2 June 20 to July 4
June 25
4
Safeguard: Fire
Washington, June 19, 1877.
July
Aug.
10
8
8
(Brooklyn)
“Trea90by Department,
“Francis O. French, Esq., No. 94 Broadway, New York:
“Sir—Your letter of the 18th lust., in which you inquire whether the four
per centum bonds now being sold by the Government are payable, principal
and interest, in gold coin, is received.
the payment
Books Closed.
Railroads.
Augusta & Savannah
[June 23, 1877,
CHRONICLE.
July 16
July
2 June 20 to July 2
July
2
John Sherman, Secretary.”
Very respectfully,
Closing prices have been
as
follows :
June
•June
Int.
18
period. 16.
reg..Jan. & July.*110% 110%
coup., 'an. & July. *114% *114%
6s, 1881.
6s, 1881
Called bonds
of equal
June
June^ June
June
21.
20.
22.
19.
111%
110% 110% 111
114:4 *114% *114% *115
May & Nov
6s, 5-208, 1865, n. i...reg.. Jan. & July. +106
*106% *106% 106% ♦106(4 106%
6s, 5-208,1865,n.i..coup..Jan. & July.*109% 109% *109% 109% 109% 109%
109%
68,5-208, 1867
reg. .Jan. & July.*109% *109% *109% 109% *109%
113%
6s, 5-20s, 1867
.coup..Jan. & July.*112% 112% *112% 112% 113
*111% *111%
5s, 5-20s, 1868.
.reg. .Jan. & July. 112% 112% *112% 112
6s, 5-20s, 1868
coup..Jan. & July.*115% *115% *115% *115% *115 ♦115
5s, KMOs
reg..Mar. & Sept.*112% 112% 112% 112% 112% 112%
coup..Mar. &Sept. 112% 112% 112% 112% *112% 113
5s, 10-40s..
111
111% 111%
5s, funded, 1881
reg..Quar.—Feb. 111% 111
111
5s. funded, 1881... coup..Quar.—Feb. 111% 111
111% 111% 111% 111%
*108%
4%s, 1891
reg.. Quar.—Feb. 107% 107% 107% *107% 108
108% 108%
4(4s. 1891
coup.. Quar.-Feb. 107% 107% 107% ♦107%
6s, Currency
reg.. Jan. & July *122% *122% 122%
122% *122% *122%
* This is the
price bid; no sale was made at the Board.
The range in prices since Jan. 1, 1877, and the amount of each
...
.
FRIDAY, JUNE 22, 1877-5 P. M.
The Money Market and Financial Situation.—The
Syndi¬
cate transactions and the
government loan have still been the prin¬
cipal theme of street talk, and the probable amount of popular
subscriptions before the 16th of July has been variously esti¬
mated.
class of bonds outstanding: June 1,1877, were as follows:
—Range since Jan. 1, 1877—,
Lowest.
Amount June 1.—,
,
Highest. ,! Registered.
reg. 110% June lli 114% Jan. 17 $193,829,400
6s, 1881
6s, 1881
coup.
6s, 5-20s, 1865
coup.
6s, 5-20s, 1865, new..coup.
6s, 5-20s, 1867
coup.
6s, 5-20s, 1868
coup.
reg.
5s, 10-408
5 s, 10-40s
coup.
5e, fnnded, 1881
coup.
4%s, 1891
reg.
4(48, 1891
coup.
I
[11% Mch,
Coupon.
88.906,95a
115% May 26
8 324,800
51,939,200
107% Feb.
111(4 April 24
Up to this morning Washington despatches reported
Mch.
108
63,956,750 133,700,350
111% May 17
that the total yet received was $800,000, of which over $700,000
Ill
Mch.
97,884,300 212,737,450
114(4 May 26
Mch.
113
19,632,500
17,841,300
117(4 Jan. 22
was from New York.
The letter of Secretary Sherman declaring
114% Jan. 27 142,001,150
109% Mch.
that the bonds are payable in gold is a definite commitment of
52,5*65*150
110% Mch.
114% Feb. 6
109% Mch.
112% Jan 22 218,970,600 289,469,750
the government to that position, and may fairly be taken by
109
April 17
105% Mch.
73,649,5)0
purchasers as a part of the contract made with them. Under
109
106% June
May 17
21,350,500
decision of the Attorney-General, the Treasury will now issue 6s, Currency
64,623,512
125(4 May 29
.reg. 121% Jan.
additional silver coin to the amount of $8,083,513 50 in place of
Closing prices of securities in London have been as follows:
a like amount of fractional currency estimated to have been lost
June
June ,—Range since Jan, l, ’77.—»
June
and destroyed.
22.
8.
15.
Lowest.
| Highest.
In banking circles some surprise lias been excited by the failure
U. S. 6s, 5-20s, 1867
106% June 14' 110% Feb. 6
109% xl06% 106%
of the National State Bank of Missouri, at St. Louis, and by the
109
109
U. S. 5si 10-408
109%
107% April 17; 110% Feb. 6
proposed winding up of the Dry Goods Bank of this city, on New 5s
107%
107%
105% April 25 108% Apr. 10
107%
account of unprofitable business, and the distribution of its
104
New 4(4 Per cents
404% xl02(4May 16 104% June 11
104%
assets among the stockholders.
The main cause alleged for the
State and Railroad Bonds.—Southern State
bonds have
suspension of the Missouri bank is the shrinkage in values of
real estate and railroad property with which the bank was in¬ been comparatively dull and hardly as strong.
Louisianas are
volved, and it is reported that the deposits of $2,000,000 or quoted at 82$@S3, and South Carolinas at 68@69. Tennessees
remain tolerably firm at 43i@44. The Treasurer of Georgia has
thereabouts will be paid in full.
Our local money market is without material change ; call loans returned home, after nearly completing the exchange of $1,500,are current at
per cent, and time loans on government col¬ 000 State sixes for the Macon & Brunswick Railroad endorsed
lateral have been made at 2 per cent for ninety days.
In com¬ bonds. Alabama interest will be paid here July 1. At New
mercial paper business has been rather slack, as the rates are so Haven, Conn., $150,000 of city 53 were awarded to Parker &
low as to offer little inducement for purchase, at best, and just Stackpole of Boston at 105.25.
In St. Louis $500,000 short 6 per
cent bonds (anticipation) were actively bid for at prices ranging
now before the first of July banks are accumulating funds pre¬
up to $1,006.86^ per $1,000 bond.
paratory to the interest and dividend payments.
In railroad bonds there has been only a moderate business, the
On Thursday the Bank of England statement showed an in¬
best bonds being firmly held. Ohio & Mississippi have declined
crease of £854,000 iu bullion for the week.
The Bank of France
on tlie possibility that the July interest on
showed an increase of 5,100,000 francs in specie.
the first mortgage
The last statement of the New York City Clearing-House bonds will not be paid, although it had confidently been expected
banks, issued June 16, showed an increase of $464,075 in the that it would be. No notice of payment of interest on St. Louis
excess above their 25 per cent
legal reserve, the whole of such & Iron Mountain bonds has been issued, notwithstanding the late
excess being $19,049,250, against $18,585,175
the previous week. decision in favor of the present management; the cause assigned
The following table shows the changes from the previous for non-payment in May was the pending of the action. Central
Pacific land grants and Rock Island 7 per cents are strong, and
week and a comparison with the two preceding years:
there are rfew bonds on the New York list which have a larger
1877.
1876.
1875.
Jure 9.
June 16.
Differences.
June 17.
June 19.
mortgage security in proportion to the amount of bonds issued
,
Loans and dis. $251,613,000 $250.6S7,500 Dec.
Specie
Circulation...
Net deposits..
Legal tenders..
19,441,700
16,lK2,<i0O
223,738.500
55,073,100
$985,500 $216,862,100 $275,217,500
15,318.200
11,653,200
15,971.000 Dec.
191,000
15.646,400
19,142,000
222,665,800 Dec. 1,072,100 208,612.000 234,06^,100
56,363,600 Inc. 1,285,500
54,300,2)0
08,900,200
18,352,100 Dec. 1.039,600
United States Bonds.—There
has
been
more
business in
fovernmentspurchases of the old 1865 bonds were made, partly
large this week, though somewhat desultory in character.
ome
than these two.
Messrs. A. H. Muller & Son sold at auction
BONDS.
830 Eureka Fire Hose Co
$2 per sh.
10 Clinton Fire Ins..
153(4
50 Dry Goods Bank
50
40 Sun Mutual Ins. Co
50
30 N. Y. & Boston Fire Ins
60
20 German American Ins. Co.. 113%
4 Prov. & Stonington S.S. Co..126
39 N. Y. Prov. & Boston RR
126
150 Nyack & Warren Gaslight
Co. for.
$200
23 Manuf. & Merch. Bank
88
100 So. & Atlantic Tel. Co., int.
(5 p. ct.) guar, bv W.Union. 50
7 Bucking Wool & Leather Co 35
45 Mechanics’ Bank
135
3 National Bank of Commerce. 109
8 Eagle Fire Ins
216
51
10 Knickerbocker Ice Co
20 Pacific Bank
142
196
20 Manhattan GasiialitCo
—
on speculative account—the takings of two parties alone reaching
upward of $1,000,000, and also more demand for others of the 6
per eent. issues.
The 4£ per cent bonds have been stronger in
price, too, and this may be on the prospect of less active sub¬
scriptions ' to the 4 per cents than had been expected. It seems
probable that the bulk of subscriptions for 4 per cent bonds must
come from moneyed institutions and other parties who have
occasion to use them as a basis for business operations, since the
rate of 4 per cent interest is much below what private investors
are accustomed to get on
mortgage or other investments, and also
below the Savings Bank rates.
7 N, Y. Equitable Ins. Co
199
Subjoined is Secretary Sherman’s letter, mentioned above,
bearing on the question whether the new 4 per cents are pay¬
Closing prices of leading Sts
able, principal and interest, in gold coin :
1 weeks past, and the range since
the following :
SHARES.
.
.
$14,OCO Ala.
-
& Chat. RR. re¬
ceiver’s 8 per cent, cert .. 16
4.0CO Cin. Wab. & Mich. RR.
1st mort. 7 per cent gold
due 1891
11
4,000 ir. Y. & Oswego Mid. RR.
receiver’s certificates, 7s... 22%
3,000 Canada So. RR. 2d mort.
7s, due 1895, April, 1878,
•
coupons on
2,981 69 N. J. & N. Y. RR. Co.
overdue notes, with $6,000
'
1%
N. J. & N. Y. RR. 1st moit.
7s. gold, due 1893, Sept..
1876, coupons on, for
$305
14,000 City of Selma (Ala.) 8s,
funded bonds, due January
1, 1892
SCO Lacka. &
1st mort.
56%
Bloomsburg RR.
ext. 7s, due 1685.. 93
and Railroad Bonds for three
n.
1,1877, hare been
as
follows.
1877*3
June 23
THE CHRONICLE
June
8.
States.
Tennessee 6s, old
do
6s, new
June
15.
*43
•
old
Virginia 6a, consol.........
Since Jan
,
Lowest,
♦43*
20*
*43
*20
♦83* *t3
do
do 2d senes... *44* ♦43/,
38
*108* *108* *108* 104
Missouri 6s, long bonds
78
79
71
District of Columbia, 3*65s 1924 75*
«
•
•
J5
Jan. 11
44Vt June 7
18* Mch. 7 22^ Jan.
82* April 2 82* Apr.
...
..
Feb. 28
42
20*
•
columns under the
Highest.
i
♦43* *43* 42* Feb. 28!
.
North Carolina 6s,
June
22.
2
Jan. 16
Apr. 11
Jan. 23 109* June 5
2
Mch.
5
85
105* Mch.
5i
June 21
80
Railroads.
Central of N. J. 1st consol
Central Pacific 1st. 6s, gold ...
Chic. Burl. & Quincy consol. 7s
Chic. & Northwest’n, cp., gold
Chic. M. & St. P. cons. s. fd, 7s
Chic. R. I. & Pac. 1st, 7s
Brie 1st, 7s, extended
Lake Sh. & Mich. So.2d cons.cp
Michigan Central, consol. 7s...
Morris & Essex, 1st mort
N. Y. Cen. & Hud. 1st, coup...
Ohio & Miss., cons. sink, fund
Pittsb. Ft. Wayne & Chic. 1st.
St. Louis & Iron Mt.. 1st mort.
Union Pacific 1st, 6s, gold
do
sinking fund....
*
60
*58
58*
*109* *110
♦110
111*
84*
*87*
no*
86*
*86*
♦110*
♦111
111* 106 Mch. 16
ar>* 80* April 11
83
78
HI* 106
*110* 109
*ni
*92
....
50
*110
95
*93*
100
100* ICO*
*115* *115* *115* 113
*119
120* *120* 114
92
*90*
81*
*120
117
*97
99* 92*
107* 108
108* 103
97
98
97
92*
Jan. 26
Feb. 23
Jan. 15 ■
June 7
*101
•
•
•
Jan.
5
June 11
June 14
93* Jan. 2
88* Junel9
June 22
A pi.--
19
May 10
Men. 12
June 7
2
Feb. 19
Mch. 5
May 24
May 22
Jan.
4
92
Jan.
9
Feb. 7
Jan.
3
June 18
98* Feb. 6
•
....
This is the price bid: no sale
May
Mch. 2*2
Jan.
9
Mch. 31
Board.
was made at the
Railroad and Miscellaneous Stocks.—The stock market
has shown a fair amount of business without great fluctuation
in prices.
There was some depression in the early part of the
week, and on Wednesday the decline of Baltimore & Ohio stock
in Baltimore from 93£ to 80 had an unfavorable influence, al¬
though this sharp decline proved to be temporary, and the stock
advanced again to 93 the next day, and the extraordinary fall
was attributed to speculative manipulation.
The differences
between the trunk-line managers are all reported to be adjusted,
but the lack of sufficient freight to make an active business, and
the extreme low rates on Western freight by canal and lake are
the principal causes of complaint at present.
All the Western
railroads expect a much larger business on the fall crops.
The
coal stocks have been stronger, at times, but without any mate¬
rial change in the situation.
The Ohio & Mississippi earnings
from November 18,1876, to May 1,1877, show a decrease of about
$180,000,
as per receiver’s report just rendered.
Total sales of the week in leading- stocks were
D^l & H.
Canal.
June 16.;
“
4,450
18..,...
19
20
21
22
“
“
“
“
55,050
12,426
Rock
5,308
19,600
10,390
6,000
10,120
6,900
50,150
20,700
42 630
36,320
16,660
6,345
12,500
16,535
13,845
48,600
13,850
16 200
9,500
9,720
44,175
41,822
19,800
3,200
4,805
5,910
6,200
2,510
36,386 197,920 119,415 63,560 52,563 218.300 78,930 29,101
200,000 494,665 337,874 122,744 150,000 262,000 891,2S3 249,997
number of shares of stock outstanding is given in
The total
Saturday,
June 16.
>18* 20
7
7
At. & Pac. Tel.
Central of N..J
Chic. Burl.&Q
C.M11.& St. P.
do
pref.
Chic. & North.
do
pref.
C. R. I. & Pac.
Del.&H. Canal
Del. L. & West
Monday,
7*
*99*
20*
49* 50*
45*
50*
21*
45*
92*
26*
32* 34
5*
6*
12 V 12*
46 V
92*
27* 28
S3'* 31*
•6
6*
•12*
‘Mt”
Ill. Central...
Lake Shore....
53*
Morris &Essex
N.Y.Cen.&H.R
Ohio & Miss...
Pacific Mall
Panama
Wab. P.C. R’ts
Union Pacific.
55
....
54
56*
4*
U4
19*
•xl37
95
1*
....
58*
47V 48*
39* 40
58 V 55*
X89V 91
3V
4*
19*
95
65*
59*
21*
51*
21*
i*
19 V
93
V
*
94*
l*
66”
66
59*
66*
60*
SO*
94*
•93
7
100* 100*
20* 21
51
51*
21*
21*
47
46* 47*
91V 92V
27* 28*
32* 32*
93*
23*
34*
6
6
12V
6
12* 12*
23
52*
92* 93
West. Un. Tel.
Adams Exp...
American Ex.
United States.
7
100
20*
51*
2i*
46*
92*
27*
33*
*5*
12*
23
47* 48*
59* 39*
Michigan Cent
21*
51*
21*
46*
92*
27*
as
follows:
Tuesday, Wednes’y, Thursday,
Junel9.
June 20.
June 21.
•18* 19* *18V 19* *.... 19*
100
20
92
pref.
18.
20
June
id*
Erie
Han. & St. JOs
•136
53
23
•136*
•52*
47V 48*
47*
39* 40*
40*
54
54* 55*
89
90* 91
4
•3* 4
20
20*
20*
94* 94* *94*
1*
1* * 1*
%
53V
67
67
60* 61
95* 95*
47*
*46*
•86
83*
59”
•6
7*
100* 100*
18* 20
49* 51*
20*. 21*
45* 46*
91* 91V
27* 28*
32
33*
6
12
23
Total sales this week, and the range
1876, were as follows:
Atlantic & Pacific Telegraph
Central of New Jersey
..
pref..
Chicago Rock Island & Pacific.
Delaware & Hudson Canal....
Delaware Lack. & Western
Erie
Hannibal & St. Joseph
do
do
Harlem
Illinois Central
Lake Shore
,
68, SCO
1,600
14,340
29,101
36,386
218,300
,
Aur.
Feb.
2,53)
40*4 Apr.
197.920
Apr.
24,072 35* Apr.
45
Michigan Central
Morris & E-sex
N. Y. Central & Hudson River.,
Ohio & Mississippi
52,563 51V June
78,9:30 85* Apr.
3
3,5C0
Apr.
3,754 12* Apr.
335
Wabash Receipts.
Union Pacific
Western Union Telegraph.
Adams Express
American Express •
...,
United States Express
Wells, Fargo & Co
95
47*
95
46
*45
*86
prices since
138
52
43
41*
56
90
3*
20V
95
1*
57*
95
46
45*
87V
Jan. 1,
23 54*
13 37*
23| 58*
231102*
25* June 13l 74*
30* June 11 77 ~
2.550
4* Apr. 2 1074
7
1,600
Apr. 17 15*
17
200 135
pref....
Pacific Mail
Panama
6*
6*
99* 100*
1 * 19*
49V 5*| V
20* 20*
451.4 46*
91* 91*
28* 31*
32V 33*
*6
6*
*
12V
24
*22*
136* 136* *137
52
61V 53
47
47*
47*
39* 40*
40*
53* 54*
54*
89
88* 89*
4
3* 3*
8*
20 s 20*
20 V
1)6
94* 94* *94"
1*
IV
IV
1*
68
X64* 64* *63
60* X56* 57*
58*
in
40* Apr.
15
Apr,
37* Apr
82* Apr.
450
do
pref..
Chicago & Northwestern
„
do
23
June 22.
19
2>
Sales
Whole
of w’k. <—Jan. 1,1877, to date.
year 1876.
Shares
Lowest.
Low. High
Highest.
622 15Feb. 3 25
Mch. 14 14* 22
232
6
June 11 37* Jan.
3 20* 109*
500 94
Moh. 19 118* Jan. 26 112* 121*
14,573 11
Apr. 12 21 * June 18 18* 46*
Chicago Burl. & Quincy
Chicago Mil. & St. Paul
k
6
12*
Friday.
138*
53*
43*
41*
54V
90V
95
96
95
94* 94*
45
47* 47*
47*
45
46
47
46
46
46*
M5*
83
83
Wells, Fargo
*86
88
87* 87* *86*
•This Is the price bid and asued ; no sale was made at tne Board
do
N. Y.
Cent. Island.
13,040
6,476
the last lino, for the purpose of comparison.
The daily highest and lowest Drices have been
do
;
13,520
ll,7«i0
9,656
18,950
46,050
20,700
26,520
2,150
3,3 )0
Whole stock
do
Harlem
follows
9.520
10,100
22,262
30,650
8,850
4,610
Total
as
Lake West’n St.Paul Morris Del.L.
Shore. Union,
pref. & Ess. & W.
80
Apr.
June
3,703' 1
1,420! 59* Jan.
149,415 56
Apr.
310
70 J
338
16
91
Jan. 5 49* 84*
Jan. 23 31* 45*
Jan. 2.3 55* 67*
Jan. 22 98* HI*
Jan. 4 61*1125
Jan. 13 64* 120*
Jan. 22 7* 23*
Jan. 5 10* 22*
17 30
Jan.
5 18* 33*
19j 144 May 22 130* 145
2| 65*4 Jan. 5 60* 103*
23 57* Jan,
48* 68*
2 50* Jan.
34* 65*
13 92*4 Jan.
84
106
96
23,104* Jan.
117*
5
4) 7* Jan.
24*
3\ 26* Feb. 20 16* 3974
3| 130
Mch. 1 122
140
12, 8* Feb. 2
Mch. 2 57* 74*
15: 73
4| 78 Jan. 22 63* 80*
Apr. 23it'5
43* June 7 60*
36
Apr. 27i 59*
82
Apr. 23! 90
Jan. 27 100
are
given below.
The statement includes the
ings of all railroads from which returns
can
heading “ Jan. 1 to latest date’* furnish the
earnings from Jan. 1, to,tmd including, the report mentioned
in the second column.
-Latest earnings reported.
187<.
Atch. Top. & S. Fe.lst week of June. {39,819
Bur.& Mo.Riv.in Neb.Month of April.
50,709
Bur. C. Rap. & North.2d week of June.
14,902
Cairo & St. Louis.... 1st w’k of June.
5,403
Canada Southern....,2d w’k of June.
Central Pacific....... Month of May..
Chicago & Alton
130,000
532,721
23,120
8,124
23,712
12.500
175,942
72,689
143,573
509,910
471,595 1,819,255
127,985
42,629
516,045
258.198
243,393
515,754
77,842
360,342
264,847
56,566
Month of May...
79,313
382,574
303,542
56,580
97,037
12,272
225,827
29,391
8,907
82,800
Si.L.A.&T.H.(brchs) 2d w’k of June.
St.L. I. Mt. & South.2d w’k of June.
St. L. K. C.ife North’n.2d w’k of June.
St. L. & S. Fmncisco.2d w’k of June.
“
(Tenn.div.).Month of May...
313,447
1,922,646
1,448,803
1,290,860
666,152
758,074
193,647
177,811
57,275
878,568
123,936
219,244
76,740
1,005,961
1,827,591
1,321,357
1,601,791
1,389,361
556.764
554,257
232,115
117,799
230,932
125,984
16,975
22,800
43,892
23,296
12,640
St.L.&S.E’n(StL.div.)Month of May...
(Ken.div.).Month of May...
“
878,018
642,499
693,554
300,833
24,252
9,495
66,962
61,318
25,524
50,283
24,162
13,452
32,705t
683,070
529,095
331,202
2,039,369
1,484,241
1,285,766
143,422
51,0b8
54,508
24,202
621,987
2,168,883
619,610
845,841
105.685
128,646
103,239
215,709
58,366
60,069
'129,472
73,970
438,130
162,041
102,987
597,591
1,054.183
3,7o2.247
3,289,664
93,970
St. Paul & S. City
Month of April..
38,209
Sioux City&St.Paul..Month of April..
21,579
Tol.Peoria&Warsaw. 1st w’k of June.
19,636
Union Pacific
Month of April. 1,088,280
Wabash
2d w’k of June.
80,317
1,796,975
1,922,411
36,137
21,940
40,134
*
Figures this year embrace Trinidad extension, which was not in opera¬
tion until about the close of May, ’76 ; for the first five months of the year,
therefore, the comparison was with
t On account of floods, no tra ins
a smaller mileage in
were run to Kansas
1876.
City during this week.
1‘lie Gold Market.—Gold has been a little
firmer, but then
only such a market as is made from time to time by the bond
operations, and it is impossible to forecast future movements.
To-day, the price opened and closed at 105$, with sales in the in¬
terim at 105fr and 105$. On gold loans, the borrowing rates were
2, 3 and 2£ per cent, per annum and 1-64 per cent, per diem and
flat.
Specie exports for to-morrow are reported at $750,000,
nearly all by one house.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
Total
Balances.——*
Gold.
Clearings.
Currency.
$12,666,001 $1,714,486 $1,796,286
15,107,000 1,445,964 1,522,780
18,508,000 1,377,826 1,536,564
19,181,000 1,359.453 1,432,982
12,870,000 1,406,913 1,436,258
18,137,000 1,338,500 1,467,252
,
16
13....
Saturday, June
Monday,
Tuesday,
Wednesday,
Thursday,
Friday,
...
“
19....
“
“
“
“
20
...
21..,.
22....
Current week.
Previous week..
.
Jan. 1 to date
..
.
...
The following
American coin:
Sovereigns
Op’n Low. High Clos.
105
105
105* 105*
105* 105* 105* 105*
105,* 105* 105* 105*
105* 105* 105* 105*
105 Vs 105* 105* 105*
105* 105* 105* 105*
105
105
105* 105*
IO514 104* 105* 105
107* 104* 107* 105*
{96,669,000
145,063,000
1,603,500
® $4 92
! Dimes* half dimes.
® 3 92
Large silver, *s &*8
Five francs
4 75 ® 4 80
3 90 ® 4 10
Mexican dollars.
English silver
Spanish Doubloons. 15 60 S 15 90
Mexican Doubloons 15 50 ® 15 60
Prussian silv. thalers
Fine silver bars
117 ®
iuyt Trade dollars
Fine gold bars.
par®*prem.
Napoleons
X X Reichmarks....
X Guilders
$
1,687,839
the quotations in gold for foreign and
are
$4 88
3 87
.
..
93*®
93*®
93 ®
— 95*®
4 80 ®
65 ®
94 ®
—
—
—
—
—
—
—
—
95
95
95
96*
4 85
— 70
•— 95
—
Exchange.—Exchange has been steady on a moderate busi¬
To-day, actual business was done at 4 87@4 87$ for
bankers’ 6® days’ sterling, and 4 89$@4 89$ for demand. Nearly
ness.
all the transactions are on the demand from bankers.
In domestic exchange the following were the rates on
York to-day at-the undermentioned cities: Savannah, buying
New
3-16,
Charleston, comparatively easy,
premium ;
Cincinnati, quiet and steady, buying par, selling 1-10; New
Orleans, commercial par, bank $; St. Louis, 50 premium; and
Chicago, 60 to 80 premium.
' ,
selling 5-16
;
.
The transactions for the week at the Custom House and Sub-
Treasury have been
Custom
House
Receipts.
June
“
16
1«
19
20
21
22
*223.000
256.000
as
follows:
-Sub-Treasury. Receipts
Gold.
Currency.
$284,485 09
$6i0,337 17
-Payments.'
Currency.
$638,35r 29 $515,388 82
544,409 54 1,299,352 75
300,974 26
418,779 73
1,377,9S1 06
597,971 78
Gold.
171,000
5?8.264 41
277,96'' 41
324,000
231,000
170,000
976,848 21
S67.863 73
2,068,712 00
$1,378,000
Balance, June 15
$5,00 i, 140 85
$5,717,595 11 $3,373,456 71 $5,309,203 24
60.280,485 82
81,911,169 96
49,0:9,655 80
“
“
“
“
Total
Balance. June 22
...
821,702
531,593
1,319,131
1,516,249
868,575
67
72
85
14
55
268.455 20
1 075.911 95
243,283 36
1,341,798 21
48,611,264 13
Texas Securities.—Messrs. Forster, Ludlow & Co., 7 Wall st., quote:
Austin 10s.... 98
State 7s,gld §103
102
1 G. II. & S. 6s, v. 83 87
10)
90
| II.&T.C.7?,g.lst 87 89
7s.g 30 yrs §108l* 109* Dallas 10s
Houston 6’s..
log, 1884.. §100
1“1
23
| do 8s con. 2d 65 67J4
S. Ant’io 10s.. 90
10s,pens.. §103
104
G.H.&H.7s,g.l8t 75 Si
6s of 1892..■ £93
95
...
...
gross earn¬
be obtained.
14,250
586,000
Louisv. Cin. «fe Lex..Month of April..
Louisv. & Nash., <&c.Montn of May...
Missouri Pacific
Month of May..
Mo. Kansas & Texas.2d w’k of June.
Mobile & Ohio
Month of April..
Nashv. Chatt. & St.L.Month of May...
New Jersey Midland.Month of April..
Pad. &Elizabetht’n..Month of May..
Pad. & Memphis
Month of April..
Phila. & Erie
Month of April..
St. Jos. & Western.. .Month of April..
212,985
534,792
391,342
155,335
65,633
186,966
358,905
99,993
21,733
16,220
Int. & Gt. Northern..2d w’k of June.
Kansas Pacific
Month of April.
Lehigh Valley
208,360
6,991
109,165
106,073
30,103
804,878
778,854
1,757,415 6,309,000 6,8-'0,676
132,136 1,858,099 2.039,242
892,370 3,496,782 3,536,703
206,873 2,644,460 8,531,035
558,727 1,523,307 1,593,010
30,303
69,875
102,433
156,654
7,812
158,362
97,235
10,386
260,641*
172,894
97,746
960.198
Indianap. Bl. & W...l(-t w’k of June.
1876.
$903,804
$884,166
51,724
22,832
1,575,000
Chic. Burl. & Quincy.Month of April.
Chic. Mil. & St. Paul..2d w’k of June.
Chic. R. I. & Pacific.Month of Mch...
Cm. Lafay. & Chic.. .Month of March.
Clev. Mt. V. & D.,«fec. 1st w’k of June.
Denver Pacific
Month of April..
Denv. & Rio Grande., let w’k of June.
Grand Trunk
W'k end. June 9.
Great Western
..W’k end. June 8.
Hannibal & St. Jo.. .Month of April..
Illinois Central
Month of May..
Do. Ia.leased lines.Month of April.
1877.
$44 644
36,652
2d w’k of June.
Jan. 1 to latest date
1876.
114
Feb. 5 55
67
Jan. 8 49* 76*
June 5 79 i 91
The latest railroad earnings, and the totals from Jan. 1 to latest
dates,
gross
6
45
Jan.
585
The
.
§ With interest.
.
BOSTON, PHILADELPHIA, Etc.-Continued.
Bank*—The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on Jane 16, 1877:
New York City
AVERAGE AMOUNT OF —
—
,
8
Union
America
Phoenix
..
460,100
6,915,700
891.400
6,917,500
505,303
6,644,800
384,600
4,216,500
9.273.600 1,030,400
346,000
2.659,000
5,882,000 1,435.300
3,000,000
2,000,000
1,500,000
3,000,000
1,000,000
1,000,000
City.
....
1,132,900
9,921.700
8,555,200
8,900,800
1,442,000
1,779,500
817,300
2,828,400
916,200
2,1*8,000
12,828,000
17,435,300
1,000,000 4,848,700
1,(00.000 2,831,900
Mercantile
Pacific
422,700
1,814,800
1 500,000
Republic
3,331,000
;...
450,000
2,891,000
412,500
Chatham
1,322,600
People’s
2,152,400
3,961,200
North America... 1,000,000
Hanover
1,000,000
Irving
Metropolitan
500,000 1,953,0.0
3,000,000 11,403,000
600,000 1,593,000
Citizens’..
Nassau
Market
St. Nicholas^
Shoe and Leather.
Corn Exchange...
Continental
Oriental
Marine
1,000.000
1,250,000
2,114,200
2,560,100
1,360,300
4,007,800
3,192,600
3,168,600
300,009
400,000
1,221,400
1,711,300
1,000 000
1,000,000
1,000,000
1.000,000
’.
Park
2,000,000
Mecii. Bkg. Aes’n.
500,000
Grocers’
300,000
North River
40',000
East River...
350,000
Manuf’rs’ & Mer.
100,0* 0
Fourth National., 3,750,(00
Central National. 2,000,000
Second National..
300.000
Ninth National... 1,500,003
First National
500,0: 0
Third National.... 1,609,000
N. Y. Nat. Exch..
300,000
Tenth National...
.'00,000
25,700
7,500
158,300
142,000
716,700
98 ,200
818,200
378,100
13,511,800
7,641,000
2,045,000
5,107,200
4,758.200
5,66^,400
1.061,900
1.5U.000
1,123,400
1,169,900
200.0 0
German American 1,000,000
Dry Goods
1,000,003
1,135,4*70
.
2.249.500
4,800
2.331.100
598,400
8.500
916,000
250,000
710,000
72,603
10,399,200
...
1,221,000
2,828,000
5.511.300
7,051,500
4.904.400
3.703.400
8,003,400
2,620,000
5,371,600
1.778.500
826,000
522,000
289.800
1.108.300
153,000
Importers'ATrad. 1/00,000 15,867,700
Bowery National.
New York County
tion.
T,i6o
2,065,400
270,000
504,000
1,589,000
774*000
387,700
82,900
571,800 1.235.500
170.400
724,700 2,764,800 10.259.200
615,000
605.400 2.827.800
104.700
490.0C0
870.600
2,238,703
26t,600
84,000
251,000 1,169,000
55,000
193.700
944,700
196.500
41.100
2,700
797.400
173.600
328,i65 350.100 2,467,000 250.300
36.500
198.800
911.400
75,900
45,000
363.600 2,089,400
223,400
238,000
517,000 2,207,000 9,624,000
568.300 3,911,203 6,912,700 2,439,200
888.600
72.700
871.403 3.242.200
345.600
45,000
2.648.500
207.300
926.700 2.191.800
65.700
450*,666
434.800 2.364.500
281.700
271,000
627.403 3,005,100
265,000
142.100
5,400
11,800
1,152,000
66.500
274,000 1.783.900
292*966
613.900
3.419.900
234.700
76,600
538,000 1,998,000
14,200
18,000
484,000 2,596,000 11,001,000
133,100
1.750.800
430.400
63.500
221.300
3,900
1,956,803
30.800
204.700
227,200
203,000 1.635.100
493,403
94.500
501.700 1.186.200
436.500
675,000
3,044, ilk)
99.400
3,217,900
Tradesmen’s
1,000,000
Fulton...,
600,000
Chemical
300,000
Merchants’ Exch. 1,000,000
Gallatin National l,5u0,000
Butchers’* Drov.
500,000
Mechanics’ & Tr.
600,000
Greenwich
200,000
Leather Manuftrs.
600,000
Seventh Ward....
300,000
State of N. York.
800,000
American Exch'e. 5,000,000
Commerce
10,000,000
Broadway
$
*
10,151,030 3,089,500 2,703,500 11.723.200
New York
3,000,000
Manhattan Co... 2,050,000
Merchants’
Mechanics’
Circula¬
Specie. Tenders. Deposits.
Capital. Discounts.
Banks
Net
Legal
Loans and
2,410,900
1,528,500
221.700
491.500
1.910.900
173,890
777.700 4.173.700 17.494.100 1,016,900
533.700 3,059,600 13.391.100
<0,000
370.003
303.300
824,600
12,003
707.900
3,60)
142.600
137.100
749,200
17.400
98,900
150.900
652,203
27.800
425,100
108.300
1,000
473,600 3,451,100 11.988.100 1,051*966
253,000 1,487,000 6,858,000 1,318,000
258,000
527,000
2, U 5,000
674,800
86.400 1.374.700 4.706.900
225,000
5.810,000
719.300 1,365,103
49,400
1,191,500 1,456,200 7,243,000
268,000
217,200
733.900
32,000
24.000
444,700
265.700
1.111.100
242,000
224,500
SS7,000
2.500
1,206,200
180,000
329,000
259*900 401.100 2,878,000
11.100
346,903 1.220.800
74,235,200 250,687,500 18,352,100 56,363,600 222,665,600 15,971,000
The deviations from returns of previous week are as follows:
Loans
Dec.
$985,500
Net
Specie
Dec.
Inc.
1,089,603
1,285,500
Dec. $1,072,700
Circulation
Legal Tenders
The following are
Loans.
the totals for
a
Deposits
series of weeks past:
L. Tenders. Deposits. Circulation. Ass. Clear.
Specie.
May 12. $256,519,600 $23,272,500 $51,066,700 $227,225,000 $16,068,700
May 19. 255,804,703 2l,t6?,20O 52,437,700 223,645.400 16,069,900
May 26 251,506,503 21,348,7(0 53,570,100 225,432,600 16,069,000
June 2..
259.754,400 19,841,50) 55,899,700 223,481,600 16,143,700
June 9.. 251,673,000 19.441.700 55,078,100 5 23,738,500 16,162,000
June 16. 250,687,500 18,352,100 56,363,600 222,665,800 15,971,0-0
Boston
Banks.—Totals
were as
$432 340,459
393,161,605
384,639,097
333,'3*1,818
404,145,247
389,281,258
follows:
L. Tenders. Deposits. Circulation. Agg. Clear.
Specie.
Loans.
191,000
Dec.
May 14. $129.03:3,100 $2,429,600 $7,012,200 $53,208,1 03 $23,341,500 $16,(62,990
45,785,125
52.913.200 26,4323 00
2,337,800
7,n00,700
May 21. 129,488,900
40,615.385
51.881.800 23,115’2G0
2.117.303
7,202,300
May 28. 129,151,700
38,959,901
June 4.. 129,432,300
51.996.800 23 004,50)
1,996,500
7.149,000
42,455,112
Jane 11.
7,135,203
1.923.303
51.763.200 23,297,600
130,777,700
June 19. 129,900,700
45,541,191
1,852,200
7,045.000
51,480,500 23,171,300
Philadelphia Banks.—Totals were as follows:
Lo:ms.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
May 14. $60,768,747 $1,266,351 $17,412,613 $53,473,284 $10,526,878 $35,<53,725
54.009.832 10,644,078
37,184,340
1,311,430 17,434,155
May 21.
61,115,305
35,123,655
56.628,719 P >,518,176
1,253.753 18,6o3,877
May 28.
62,173,530
32.684,457
June 4.
5“,032.771 10,515,780
1,248,001 19.6 8,037
62,15'),339
36,760.310
June 11.
1,330,880 19,789,864
57,9 <3,914 10,479,3'>5
62,408,063
32,88",885
June 18., 62,391,869
57,864,933 1",447,845
1,395,983 23,117,424
STATE AND CITY BONDS.
Penna.
do
do
do
do
Bid. Ask.
Vermont A Mass. 1st
BOSTON.
Maine 6s
New Hampshire 6s.
Vermontbs
Massachusetts 5s, gold
Boston 6s, currency
do
5s,gold
m.,6s,>3
..
Boston
Boston
Boston
iBoston
m
-
-
,
-
A Albany
A Lowei:
A Maine
A Providence
'B.irltngton A Mo. in Neb
...
{Cheshire preferred.
C:n.
Sandusky A Clev
Portland 6s
no* 111% IConcord
Atch. A Tcpeka 1st in.7s
85
85»4 Connecticut River
Conn. APassumpslc, pref....
do
land grant 7s 7r*
Eastern (Mass.)
do
47
2d 7s
do
land Inc. 12s lfO* 10C% Eastern (New Hampshire)...
Boston A Albany 7s
.Fitchburg
115*
do
6s
Manchester A Lawrence....
i Nash:: a A Lowell
Boston A Lowell 7s
ioe%
New York A New Ungland...
Boston & Maine 7s
Burl. A Mo., land grant 7s.... 109* :o9\ Northern of New Hampshire
107
107
iNorwich A Worcester
do~
Neb. 8s, 1*94
Neb. 8s, 1883
do
,GgdenBO. A L. Champlain ...
T2
do
do
pref.
Eastern, Mass., 8Ks. new. ...
52%
Old Colony’
Hartford & Erie 7s, new
11%
90
Portland Saco A Portsmouth
Ogdensburg A Lake Ch.Ss...
Old Colony A Newport 7s, ’77.
Rutland, common
47
do
Rutland, new 7s
preferred
Vermont A Canada
Venn*t C. 1st m., cons. 7s, *86.
Vermont A Massachusetts..
do
2d m.. 7s. 1891
....
t|
„
e
•
•
•
•
•
•
•
•
8s
.
•
•
.
•
•
114% 114*
61
90%
120
35
1*
•120
3%
82
91
37
35
1*
121
3%
'105
*
....
new
.
STOCKS.
Chicago sewerage 7s
do
Municipal 7b
Vermont a Canada,
Bid. Ask.
SECURITIES.
•
Wor',0«Ta- A NTosIinq
65* ‘66
122
T7%
77*
70
5
20
106
18*
78%
91%
21
106*
Bid. Ask.
SECURITIES.
Pennsylvania 6s, coup., 1910..
Schuylkill Nav. 1st m. 6s, ’97.
PHILADELPHIA.
5s, g’d, lnt.,reg. or cp. 103
5s, cur., reg
5s, new, reg., 1892-1902 107* 107%
6s, 10-15, reg., lVTi-’82. 104* 104%
2din.6s,l30«
6s, ’95
do
do
do
do
do
m.
6a, Imp., ’80 .
6s, boat A car, 1913
7s, boat A car. 19;5
Susquehanna 6s, coup.. 19.8..
112
6a. 15-25, reg., 1882-’92. 111
Philadelphia6s, old, reg...... 10(5* 107
no* 110*
do
6s, new, reg
BALTIMORE.
Allegheny County 5s, coup...
Maryland 6s, defense, J.A J..
Pittsburg 4s, coup., 1913
do
85
6s, exempt, 1887
do
5s, reg. A cp., 1913. 82
do
6?, 1890, quarterly..
do
6s, geld, reg
do
5s, quarterly
do
7s,w’t’rln, reg. Ac ioo% 10(5%
Baltimore 6a, 1S84, quarterly.
100
<io 7s, itr. Imp., reg., ’83-36
do
68,1866, J.AJ
N. Jersey 6s. exempt, rg.Acp. ioo
do
100
6s, 189J, quarterly,
Camden County 6s, coup
do
100
6s, park, 1890,Q —M.
Camden City 6s, coupon
do
6s, 1893, M. AS...
do
7s, reg. A coup. 105
qo
6s, exempt,’98,M.AS.
Delaware 6s, coupon
do
1900, J.AJ
Harrisburg City 6a, coupon..
do
1902, J.AJ
RAILROAD STOCKS.
Norfolk water, 8s
Camden A Atlantic
RAILROAD STOCKS. Par.
do
do
pref ....
Balt. A Ohio
100
Calawlssa
...
24
pref.
do
Lehigh Valley
Little Schuylkill
Mlnehlll
45
Nesquehonlng Valley
90*
NorrlBtown
North Pennsylvania
01*
40
Pennsylvania
Phllaoelphta A Erie.... ....
Pnlladeiphla A Reading
Philadelphia A Trenton ....
Phlla.Wilming. A Baltimore.
Pittsburg Tltusv. A Buff
United N. J. Companies
We6t Chester eousol. pref....
42
29*
m
n%
29%
534
8
12
6*
126
127
47
119
55
125
West Jersey.....
CANAL STOCKS..
Chesapeake A Delaware
Delaware Division
18*
Lehigh Navigation
Morns
do
pref
Peansyivania
Schuylkill Navigation
do
106
83
.45
100
93
new
10s,’88
98*
113
113
in* 112*
no
113
ns* 114*
115
112
112
107
117
113
113
no
92*
95
Parkersb’g Br..50
13*
22*
BONDS.
J.AJ.... 105
do
6s, 1885, A.AO. . 105
N. W. Va. 8d m..guar.,’85,JAJ 100
Plttsb.A Conneirsv.7s,’98,JAJ 95
Northern Central 6s, ’85, JAJ 102
do
6s. 1900, A .AO. 100
do 6s, gld, 1900, J.A J. 90
Cen. Ohio 6s, lBt m.,’90,M.A 8. 99
W. Md. 6s, 1st m., gr.,’90,J.AJ. 108
1st m.,'890, J. A J... 100
do
108
do
2d m., guar., J.A J
do
2d m., pref
do 2d m.,gr. by W.Co.JAJ i04
do 6s. 3d m.. guar.. J.A J. 108
94*
Mar. A Cin.7s, ’92, F. A A ...
do
2d, M. AN
do
8a, 3d, J.AJ
Union RR. 1st, guar., J. A J..
do
Can on endorsed. 102*
MISCELLANEOUS.
Baltimore Gas certificates... 104
106
107
106
98
105
102
96
100
112
103
112
81
108
112
96
55
45
13*
People’s Gas
WASHINGTON.
Dietrict of Columbia.
Perm. Imp.6a, g.. J.AJ., i89l.
100
101
101
102
102
102
Washington.
Ten-year bonds, 6s, ’78
Fund, loan (Cong.) 6s, g., ’92.
99%
do
(Leg.) 6s, g.f 1902.
103*
Certlfs.of st’ck (1828) 5a, at pi.
do
(1843)
ib*7* 108 Ches.AO.st’k (’47) 6s,6s, at pi.
at pi...
03
102
100
75
95
General stock, 8s, .881
do
6s, at pleasure
100
Bounty stock, 6s
do
Market stock, 6s
do
104% Board of Public Works—
Certlfs. gen. Imp. 8a, ’77-78.
102*
do
series
Certlfs. sewer, 8s, ’74-77....
Water certificates, 8s, ’77...
97*
..
7s, 1900
CayugaL. 1st in.,g..7s, 1901*..
Connecting 6a, 1900-1904
Dan. H.A Wilks., 1st., 7s, ’37'
Delaware mort., 6s, various.
Del. A Bound Br., 1st, 7s. 190:
East Penn. 1st mort. 7s, ’88
El.A W’msport, 1st m., 7s, ’80
do
lBt m., 58, perp
90
100
x98
70
90
85
Georgetown.
95
102*
Catawiasalst, is, conv., V2...
chat, m.,
no
no
do
RAILROAD BONDS.
do
do
113*
115
100
7s, i89i
..
Market Stock bonds, 7s, 1892. 100
Water Stock bonds, 7s, 190i.. 100
do
do
78,1903.. 100
pref...
Susquehanna
Allegheny Vai.. 7 3-lOs, 1393 ..
do
7s, E. ext., 1910
do
Inc. 7s, end.,’9j.
Belvldere Dela. 2d m. 6s. ’8i..
31m. 6s,’37..
do
Camden A Amboy 6s,’83.
.
69. coup., ’89
do
do
mort. 6s, reg.,’89
Cam. A Atl. 1st m. 7b, g.. 19J3
21 m., 7s, cur.,’80
do
Cam. A Burlington Co. 6s.’97.
113
97*
Balt. A Ohio «s, 1880,
Huntingdon A Broad Top...
do
111
111
103
Northern Central..
50
Western Maryland
..50
Central Ohio.
50
Pittsburg A Connellsvllle..5G
RAILROAD
Har. P. Mt. Joy A Lancaster.
75
Wash. Branch. 100
do
do
do
pref
do
new pref
Delaware A Bound Brook....
East Pennsylvania
Elmira A Williamsport
do '
do
pref..
106
62
105
Harrisburg let mort. 6s, 8).
H. A B. T. 1st m. 7s, gold, ’90 100
97
do
2d m. 7s, gold, '95
do
3dm. cons. 7s, ’93*. 25
‘(55
iio
103
45
IthacaA Athens lst.gld, Is.,’90
Junction 1st mort. 6j, ’82. ....
do
2d mort. 6a, 19-0 ...
1Q0
i$
45
101
CINCINNATI.
t
Cincinnati 6s
100
7s
t
7-80s
t
South. RR. 7'30s.t
do
6e, gold t
do
do
do
do
.Hamilton Co., O., 6s.
no
115
105
100
100
106
112
115
103
101
57
91
72
105
105
101
99
long...+
78, lto 5 yrs..t
do
7 A 7’30s, long.f
108
107% (Cin.A Cov. Bridge st’k, pref.
Lehigh Valley, 6a, coup.. 1898.
iCln.Ham. A D. 1st m. 7s, ’80
do
68, reg., 1893... 106*
do
2dm. 7s,’o5..
do
7s, reg., 1910... 109* iio
Cin. Ham. A Ind., 7s, guar....
90
89
do
con. iri., 6a,rg.,1923
;Cin. A Indiana 1st m. 7s
Little Schuylkill, 1st m..?s,’i7
I
do
2d m. 7s, \7...
Northern Pac. 7 3-lOs, cp.,1900*
Colum. A Xenia, 1st in. 7s, ’90
no
North. Penn. 1st in. 6s, cp.,’65. 109
Dayton A Midi. 1st nL 7s. ’81.
do
2d m. 7a, cp.. '96. 108
do
2dm. 7s, ’84.
do gen. m. 7s, cp., 1(03 K)7*
do
3d m. 7s, ’83.
do gen. m. 7s, reg , 190*3 107*
Dayton A West. 1st m., ’81...+
80
50
Oil Creek 1st m. 7s, coup.,’81.
1st m., 1905
do
50
49
uittsb. Tltusv. A B , 7a, cp.,’9G
do
1st m.Us,’.905
108
107
Pa.A NrY.C.A P.RR.7S, 96-1906
Ind. Cin. A Laf. 1st m. 7s
107
Pennsylvania, 1st m.f cp.,’8u.. 106* 108
do
(I.AC.) lBtm.78,’88
do
gen. m.«8,cp.,19i0. 107*
Little Miami 6a,’t8
....*.
106
107
do
gen. m. 6s, ig.,19:0.
Cin. Ham. A Dayton stock,.
93* 94
do
cons, m 6-,rg.,1905
Columbus A Xenia stock
94%
do
cons. m. 6s. cp., 1905. .93
Dayton A Michigan stock....
Perl.iomen let m. 6s; coup.,’91
do
8. p.c. st’k, guar
i02 103
Phila. A Erie let in.6s, cp., 81
Little Miami stock
do
2d m 7s,tp./S8. 96% 97*
104
105*
Phila. A Reading 6s, ’80,
LOUISVILLE.
ao
•
do
7s, i oup.,'93 106
deben., cp.,’93
do
do cons. m. is, cp.,l9i’.
do cons. m. 7e, rg.,1911.
do new con. 7s, lt93 ..
QUOTATIONS IN BOSTON, PHILAUFLPMA AND OTHER CIT1FS.
SECURITIES.
Bid. Ask.
SECURITIES.
Total
'
[June 23, 1877.
THE CHRONICLE
586
Phila.A Read. C AI. deb. 7s.' 2
do
do
Is. ’92-93.
Phila. "Wilm. A Balt. 6a, ’84 .
Pitta. Cin. A St. Louis 7a,’900
Shamokin V.A Pottsv. 7s, 1901
Stuubenv. A Ind. 1st, 6s, -• 884.
107
92
9'-*
46
50
73* 74
Louisville 7s
•+
do
6s,’82 to’87
+
do
6s, ’9? to ’93
;t
do
water 6s,’87 to ’89 t
do
water stock 6s,’97.t
do
wharf 6s
t
do
epec'l tax 6a of ’89.t
Jeff.M.A 1. lBtm.
(!AM)7b,’8l
2dm.,7s.. . ... ..
1st m.,7s, 19C6.....
Loulsv.C.ALex. 1st m. 7s,’97.
do
do
Stony Creek 1st m.7s, 9)7,... 101*
Louls.A Fr’k.,Loulsv.ln,6s, 8!
Sunbary A Erie 1st m. 7a, ’77..
Louisv. A Nashville—
United N..4. cone. m. 6a.’94
Loulsv. In, (m.s.) 6a,’86-87.+
Warren A F. lst m. 7s, ’9(
Leb Br. 6b, ’86
t
West Chester cons. 7s, ’9i.
1st m. Leb. Br. Ex.,7s,’80-5:5.1
West Jersey 6s, deb., coup ,’88
Lou.In.
do
6s, ’93...t
do ‘
1st m. 6s, cp., ’96.
Consol. 1st m. 7s, ’98
102%
1st m. 7b,’97
do
Jefferson Mad. A Ind
Western Penn. RR. 6s, :893...
Louisville A Nashvl le
do
6s P.B.,’96.
Louisville Water 6a. Co. 19071
Wilm. A Read, ’etm.?-, '900*
ST. LOUIS.
do
2d m., .902*...
St. Louis 6s, loi g
+
CANAL BONDS.
do
water bs, gold
t
Chesan. & Dela 63, reg.,’81..
do
do
do
new.+
Delaware Division 6a, ep.,’18
do
bridge appr.,g. 68 +
103
Lehigh Navigation 6s, reg.,’84 100
do
renewal, gold, 6s.t
do
RR.. Tg.,’97 99*
do
sewer, g. 6a, ’9 -2-3.+
do
deh.,rg.,’77 50
St. Louis Co. Dew park, g. 6a.t
do
conv., rg.’82
do
cur. 7s
..+
do
ccnv.,g,, rg.,’94 94
St.L.ASanF.KR.bds, ser’sA
do
gold, ’97.... 85*
do
do
do B
do cons. m.7s,rg.,1911
do
do
do C
Morris, boat loan, reg., .885..
103
101%
100%
100%
10<*
100}<
100}..
100%
73
100
102
100
_
..
•
In default of lnterect.
t And Interest.
100
100
90*
100
92*
100%
!0O%
93
100%
93
’23% 29*
98
98
104
107*
107*
107*
107*
107*
107* 108*
.Vo‘
22*
21
June
23, 1877.]
THE CHRONICLE.
58T
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
are quoted on a prcviout page.
Price! representthe per cent value,
U. 8. Bonds and active Railroad Stocks
Bid. Ask.
SBCUBITHS.
State Bonds*
Alabama 5s, 1883
Chicago & Alton 1st mort
do
do
do
8s, 1888
8b, M. & E. RR..
8s, Ala. & Ch.K.
8b. 1886
8s of 1892
do
8s of 1893.
do
Arkansas 6s, funded
do 78, L. R. & Ft. S. lee
do Ts, Memphis & L.R.
78, L. R.P.B.&N.O
7b, Miss. O. & R. R.
7s, Ark. Cent. KR...
Connecticut 6s
do
do
do
do
income
Joliet & Chicago, 1st mort...
Louisiana & Mo., 1st m., guar
St.Louis Jack.& Chic.,1st m.
Cblc. Bur. & 0.8 p. c., 1st m...
do
ao consol, m. 7s
do
5s sluk’g f’d. A.&O.
40
40
40
40
58,1886.
do
do
21
21
25
4
4
4
4
4
113
102
108
104
...
War loan..
Kentucky 6s
Louisiana 6s
do
ao
do
do
do
do
do
do
do
6s, new
6s, floating debt
7s, Penitentiary
6s, levee
8s, do
bs, do 1875
8s, of 1910
7s, consolidated
7s, small
....
Michigan 6s, 1873-79
do
6s, 1883
do
7s, 1890
Missouri 6s, due 1877..
...
do
do
1878
Funding, due 1834-6...
Long bonds, due ’32-’90.
Asylum or Un.,due 1893.
Han. & St. Jos., due 1886.
do
do 1837.'
New York State—
6s, Canal Loan, 1877
do
6s,
1878
6b, gold, reg....1887
ea, do coup.. 1887
6s, do loan...1883
do ..1891
6S, do
do
1892
68, do
ex
do
do
do
do
105
25
47
coupon
Ch. Mil. & St. P. ist m. 8s, P.D. 117% 118
do
do
2d ra. 7
do
do
do
7s, gold, R. D..
do
1st 7s £
do
doc
do
do
1st hi., La C. D. 103
104
do
do
91%
do
do
1st m., 1. & D.. 88
do
88
do
1st m., H. * D.
3-lb,
101% 102
83
S2%
102%
103
no*
108% 109*
108%
10'%
108%
Oswego & Rome 7b, guar ....
Peoria Pekin* J. 1st mort....
Peoria & Rock 1.7s, gold
Port Huron & L. M. 7b, g. end.
Pullman Palace Car Co. stock.
do
bds., 8s, 4th series
Rockf. R. I. & St. L. 1st Is, gld
Rondout & Oswego 7b, gold...
Sioux City & Pacific 6b
Southern Minn. 1st mort. 8s...
do
7b, 1st
St. Jo. & C. Bl. let mort. 10b.
92
97
do coup. 7b. 1894
do
reg. 7,1894
Island RR.. 1st mort.
83
...
do
do
do
do
Istm., C. & M.. 100%
do
do
83%
Istm., consol.. 88
do
do
89
2dm.
do
Jhlc. & N. Western sink. fund. 111
do
do
lnt. bonds. 105%
do
do
consol, bds 100
do
do
ext’n bds.. 103
do
do
1st mort... 100
do
do
cp.gld.bds.
85%
do
83
do
reg. do
Iowa Midland, 1st mort. 6s...
90
Galena & Chicago Extended. i09
111
Peninsula 1st mort.,conv... 103%
112
Chic. & Milwaukee, 1st mort 108
Winona & St. Peters, 1st m...
00
75
do
2d mort
C. C. C. & Ind’s 1st m. 7s, S. F..
do
consol, m. bonds
Del. Lack. & Western, 2d m.
do
do
7s, conv.
Morris & Essex, 1st. m
il5%ill8
do
2d mort
104% 105%
do
bonds, 1900....
do
construction,
do
97
7s, of 1871...
77
do
1st con. guar.
ioj%i....
90
92
1884
1877
Long
South Pacific Railroad, 1st m.
St. L. & San F., 2d m., class A.
..
..
do
ao
South Side, L.
do
do
class B.
do
class C.
I., 1st m. bonds,
sink. fund...
Miscellaneous List*
Long Island City
30
0
*8
11
%
iff*
89
98
ioo
I
30*
15
18
00
90
10
95
15<
SO
*6*4
01
99
104
do
do
8 p.c.
Sandusky Mans. * Newark 7g. 92
94
St. Louis Vandalla & T. H. 1st. •98
10 V.
do
75^
2d, guar •71
St. L. & So’eastern 1st 7s, gold.
37*
St. L. & I. Mt. (Ark. Br.) 7b, g,
50
5SSouth. Cent, of N. Y. 7s, guar. 90
Union & Logansport 7s
55
105
100% Union Pacific, So. branch, 6b,g 59
01
114
no
Walklll Valley 1st 7b, gold
99% IOO
West Wisconsin 7b, gold
52
109
109% Wisconsin Cent., 1st, 7s
35
40
109
109% Mercant. Trust real est. mort.7a t.... 102
t no
t 95
t 95
108
f 105
.+ 97
f 113
Indianapolis 7.30s
27
1
..
(Brokers' Quotations.)
CITIES.
Albany, N. Y., 6s
Buffalo Water, long
t
Chicago 6b, long dates
j
do
7e, sewerage
...f
do
7s, water
f
do
7s, river lmprovem’t t 109
Cleveland 7b, long
..+ 111
Detroit Water Works 7a
Elizabeth City, 1880-95
do
1885-98
Hartford 6s
Ti~
N. Haven Mlddlet’n & W. 7s...
N. J. Midland 1st 7s, gold
do
2d 7b
New Jersey & N. Y. 7s, gold...
N. Y. & Osw. Mid. 1st
do
2d 7s, conv.
North. Pac. 1st m. gld. 7 8-10-..
Omaha & Southwestern RR. 6s
Lafayette Bl’n & Miss.,
1st m
118
Han. & Cent. Missouri, Istm
Pekin Llnc’ln & Dec’t’r.lst m
111%
Western Union Tel., 1900,coup
20
41
~
ioo’
do
con.conv
Lehigh & Wilkes B.con.guar
Am. Dock & Improve, bonds
103
103
47
47
40
47
40
40
40
.
80
Bid. Ask.
BBOTTBITIBS.
~30 '
Sulncy & Toledo, 1st1st mort
llnofs & So. Iowa, m.. ’90..
90
59
„
105
112
..
Great Western, 2d mort., ’93.
100
112
117
11
90
Bid. Ask.
8BOUBITIBS.
Chicago, Rk. Island & Pacific. 111% 111%
do
do
reg....
do
S. F. Inc. 6s, *95 104*4
Boston & N. Y. Air Line, 1st m
Central of N. J., 1st m., new... 109*4
Cln. Lafayette & Chic., 1st m..
do
do
1st consol
Del. & Hudson Canal, 1st m.,’91
7%
do
do
53
Georgia 6s
do
7s, new bonds....
do
7s, endorsed.
do
7s,go!4 bonds... 107%
Illinois6a, coupon, 1879... 103
do
Ask.
whatever the par may be.
Newark City 7s long
do
Water is, long., .+ 113
Oswego 7s
j*
f 104
Poughkeepsie Water
+ 109
Rochester C. Water bds., 1303t 110
Toledo 8s. 1877-’89
+ 109
Toledo 7.30s...,
10 L
Yonkers Water, due 1903..
109
109%
112
114
98
97
109
Southern Securities.
(Brokers' Quotations.)
Alabama
do
101
115
115
105
110
112
111
STATES.
consols, Class A
new
do
Class B
Georgia 6s of 1889
South Carolina new consol.
Texas 6s, 1892
do
do
do
do
7s,
7s,
108,
10s,
6s.,
M.AS.
41%
70
99
08
94
42'
75
101
70
90
gold, 1904-1910. J.&J. 108% 109*4
110
J.&J 109
gold, 1904
101
1881
J.&J. 100
105
pension. 1894.. J.&J. 103%
CITIES.
..
89
92
do
95
9S
do
endorsed
do
Ss
30
27
105
93
do
.1893
do
2d mort., 7s, 1879
91
do
6s, do
Atlantic & Pacific L. G. 6s, gld 10
waterworks
20
105
do
86>
8d
do
83
North Carolina—
7s, 18S3
105% Atchison & Nebraska, 8 p. c..
Augusta, Ga., 7s, bonds
20
25
do
4th do
65
20
07
Charleston stock 6s
6s, old. J. * J
102% 105
Bur. & Mo. Riv., land m. 7s...+ 109% 110
78,1830
5th do
83do
A. & O
20
do
100% 103
do
Charleston. S. C., 7s, F. L. bds. 78
7s, 1888
3d S., do 8s...f 100
do
55
75*
N. C. RR
J.& J....
do
7s, cons., mort., gold bds
4th S., do 8s... t J00
Columbia, S. C., 6s...
do Long Dock bOHds
do
72
..A.&O....
07
108%
do
Columbus, Ga.,7s, bonds
5th S., do 88... t 102
do coup, off, J. & J.. 47
Buff. N. Y. & E, 1st. m., 1877...
93
»•••
do
6th S., do 8s...t 104
Lynchburg 6s
do
83
do
do off, A.&O. 47
do
82
Macon bonds,7s
Bur. C. R. & N. (Mil.) g. 7s.... 22
large bds. .
25
30
do
10
do
new bds, 1916
Cairo & Fulton, 1st 7s, gold... 52
Funding act, 1866
Memphis bonds C
32%.
55
Han. & St. Jo., land grants
28
80
do
1868
10
do
bonds A & B
California Pac. RR., 7s, gold
90
80
31
do
30
New bonds, J. & J
do
9
do
8s, conv. mort.
83%
end., M. & C. RR
6s, 2am. g.
72
30
do
A. & O
Illinois Central—
9
Mobile5s (coups, on)
Canada Southern, 1st m
47
50
25
do
2
do
8s
Special tax, Class 1
Dubuque & Sioux City, 1st m.
with lnt. certlfs
on)
do
Class 2
do
do
40
do
2
2d div.
Central Pacific, 7s, gold, conv. 95
6s, funded
do
Cedar F. & Minn., 1st mort..
85
Class 3
2
Central of Iowa Istm. 7s,gold. 25
Montgomery 8s
29
75
Ohio 6s, 1881
05
10*
Nashville 6s, old
Keokuk & St. Paul 8s
Indianap. Bl. & W., 1st mort...
f 101
101%
80
do 6s, 1886
do
75
do
111
do
2d mort...
Carthage & Bur. 8s
6s,
q.f
-,,101 101% New Orleans new
Lake Shore—
Rhode Island 6s
Dixon Peoria & Han. 8s.
110
prem. 5s
34% 38
102%
South Carolina—
47
Mich. So. 7 d. c. 2d mort
do
42
101% 102% O. O. & Fox R. Valley 8s O?«t|101 110
consol. 6s...
list H8%
68....
Mich S. & N.Ind.. S.F.,7 p.c. 112
do
84
37
• •••railroad, 6s..
Quincy & Warsaw 8s ... u o 109 110
“f
oJ
do
Jan. & July
Cleve. & ToL sinking fund..
87
Illinois Grand Trunk.... '' a
wharf iuip’ts, 7-30
108%
88
91
do
Norfolk 6b
new bonds.... 108
37
April & Oct
108% Chic. Dub. & Minn. 8s... W
25
108
Cleve. P’ville & Ash., old bds
Peoria & Hannibal R.
Funding act, 1866....
37
6s
93% 95
100% 101% Petersburg6s
IOO
Land C., 1389, J. & J.
do
Richmond
98
45
do
new bds. 108%
Chicago & Iowa R. Ss8s.
t....
55Land C., 1889, A. & O
50
Buffalo & Erie, new bonds... L07
Savennah 7s, old.
45
American Central 8s....
101
55
78 of 1888
Buffalo & State Line 7s
do
50
37
Chic. & S’thwestern 7s, guar.. 90
7s, new
80
93
Non-fundable bonds
Kalamazoo & W. Pigeon, 1st *92
2
5
Chesapeake & 0.2d m., gold 7s
*7* Wilm’ton, N.C., 6s, gold) coup 00
44 %
90
do
80
Tennessee 6s, old
Det. Mon. & Tol.Jst 7s, 1906. 103%
Chicago Clinton & Dub. 8s
8s, gold j on.
20
35
107
do
Lake Shore Dlv. bonds
6s, new
RAILROADS.
108% Chic. & Can. South Istm.g. 7s. 17
19
do
do
Cons. coup.. 1st. i09%
Ch. D. & V., I. div., Istm. g.7s.
6s, new series.. 43
4
7% Ala. * Chatt. 1st ra. 8b, end....
do
Cons, reg., 1st.,
Chic. Danv. & Vlncen’s 7s, gld 45
Ala.* Tenn. Rlv. 1st mort7s..
Virginia—
50
do
Cons, coup.,2d., 93%
31
71
Col. & Hock V. 1st 7s, 30 years, 100
09
6s, old
Atlantic & Gulf, consol
101
92
do
Cons, reg., 2d....
31
do
50
6s, new bonds, 1866
1st 7s, ID years, 99
do
100
end. Savan’h. 30
Marietta & Cln. 1st mort......
3i
do
do
1867
6s,
2d 7s, 20 years.. 90
do
stock
Mich. Cent., consol. 7s, 1902.... io:
83
15
Connecticut Valley 7s
6b, consol, bonds
do
do
05
6*9*
guar...
do
1st m. 8s, j882, s.f. 112
35
6s, ex matured coup. ... 73
Connecticut Western 1st7s.... 25
Carolina Central 1st m. 6s, g... 30
30
44
do
103
Chic & Mich. L. Sh. 1st 68, ’89. *t55
6s, consol., 2d series
equipment bonds.
Central Georgia consol, m. 7s. 101
05
0
New Jersey Southern 1st m. 7s
Dan. Urb. Bl. & P. 1st m. 7s, g. 25
50
40
6s, deferred bonds
do
stock
33
do
do
Des Moines & Ft. Dodge 1st 7s.
District of Columbia 3.65s
consol. 7s
7ft
Charlotte Col. & A. 1st M.7s.. 73
do
N. Y. Central 6s, 1888
small.,
Det. Hillsdale & In. RR. 8s ....
103% 104
do
-•••
do
stock
do
do
105
Detroit* Bay City 8s, end...*f 00
93
registered
103% 104
6s, 1687
Cheraw & Darlington 6s
70
do
88
Railroad Stocks.
85
6s, real estate... lo2
East Tenn. & Georgia 6s
103% Det. Lans. & Lake M. 1st m. ds 20
do
do
0O
6s, subscription, 102%
East Tenn. & Va. 6s end. Tenn 60
,
(Active preri'usly quot'd.)
2dm. 6s.
do & Hudson, 1st m., coup 120% *122
Dutchess & Columbia 7s
64
E. Tenn. Va. & Ga. 1st m. 7s... 92
*8
Albany & Susquehanna... 50
12
122
do
do
1st mM reg.. 121
45
Denver Pacific 7s, gold
Central Pacific
38
do
do
57
stock
Hudson R. 7s, 2d m., s.f., 1885 112% 114
Denver & Rio Grande 7s, gold. 35
107
1C5
*4*1
Georgia RR. 7s ;
Chicago & Alton.
<8*6
Evansville & Crawfordsv., 7s.. 100
78
do
75
do
Harlem, 1st mort. Ts, coup... 118
stock
100
pref
103%
do
do
90
7s. reg.... 118%
Erie & Pittsburgh 1st 7s
Cleve. Col. CIn. & I
Greenville & Col. 7s, 1st mort.
22
100
North Missouri, 1st mort
do
4ft
Cleve. & Pittsburg, guar..
75
44
do
103%
75
*85*
7s. guar
on.m., 7s..
90
Ohio & Miss., consol, sink. fd.
do
Col. Chic. & I Cent
Macon & Augusta bonds...
89
1
1%
7s, equip...
88
do
Evansville Hen. & Nashv. 7s... 35
*95
do
consolidated....
40
Dubuque & Sioux City. .
endorsed.... *92
do
2d do
38
Erie pref
Evansville, T. H. & Chic. 7s. g. •00
do
75
stock
1st Spring, dlv..
Flint & Pere M. 8s,Land grant. •75
do
82
Indianap. Cln. & Laf
Memphis* Charleston 1st7s.. 84% seT
Fort W., Jackson & Sag. 8s, ’69 ♦50
Pacific Railroads—
Joliet & Chicago
07
do
2d 7s... 05
Grand R.& Ihd. 1st 7s, l.g., gu.
Central Pacific gold bonds., 110
ft
4
do
Long Island
99
stock..
do San Joaquin branch 89
90
do
Missouri Kansas & Texas.
35
jst7s, 1. g., notgu. *79
82
Memphis & Little Rock 1st m. 27
do Cal. & Oregon 1st
do
New Jersey Southern
9ft
1st ex 1. g. is.
94
40
45
Mississippi Central 1st m 7s..
do State Aid bonds
N. Y. New Haven & Hart. 148'
Grand River Valley 8s, 1st m.. f50
7ft
73
do
00
2d m. Ss
Ohio & Mississippi, pref
do Land Grant bonds..
Hous. & Texas C. 1st 7s. gold.. 85
93%
99
90
Montgomery & West P. 1st 8s. 97
Western Pacific bonds.
do
Pitts. Ft. W.&Ch., guar.. 83
H'3%
consol, bds..
Mont. * Eufaula 1st 8s, g., end
88
14
25
02
67
do
Union Pacific, 1st mort. b’ds 108% 108% Indianap. & Vincen. 1st 7s, gr.. 75
do
35
39
Mobile & Ohio sterling 8s.
80
special.
do
Land grants, 7s. 102% 103% Iowa Falls & Sioux C. 1st 7s
Rensselaer & Saratoga. .. 88
90
do
39
do ex cert. 6s 35
88
t84
do
97
Rome & Watertown
do
29
Sinking fund... 97
00
70
Indianapolis & St. Louis 7s.
8s, Interest
St. Louis Alton & T. H....
Houston & Gt. North. 1st 7s, g. 02
Pacific R. of Mo., 1st mort... 100% 101
do
2d mort. 8s
10
5
07
90
do
«
do
2d mort
International iTexas) 1st g
N. Orleans & Jacks. 1st m.8s. 101
do
104
02
67
pref.
do
lnt. H. & G. N. conv. 8s....
Belleville* So. Ill.,pref
do
88
Income, 7s.
31
2d m. 8s. 82
34
St. L. I. M & Southern...
do
Jackson Lans. & Sag. 8s, 1st in t..
IstCaron’tB
83
85
92% Nashville Chat. & St. L. 7s.
St.L. K. C. &
Kansas Pac. is, g.,ext. M&N,’99 45
Penn. RR—
92
Norfolk & Petersburg 1st m.8B 81*
48
North’n.pref
Terre Haute & Ind’polis
do 7s, g., I’d gr.,J*J,’80 00
Pitts. Ft. W. & Chic., Istm.. 120
122
btt
do
83
do 7s
Toledo Peoria & Warsaw.
do 7s, g.,
do
do
do
2dm.. 115%
75
8
20
2d m. 8s 69
do M*S,’86
United N. J. R. & C
do
do
do 6s, gold, J.&D., 1696
3dm.. 102%
00
62
124
Northeastern, S. C., 1st m. 8s.. 100
Warren
112
do 6s, do F.&A., 1895. 78
Cleve. & Pitts., consol., s.f.. 110
do
80
2d m. 8b..
82
108
do
4lli mort
do 7s, Leaven, br., ’96..
90
MliceDons Stocks.
35
Orange * Alexandria, lsts, 6s. 80
do* Incomes, No. U
Col. Chic. & Ind. C., 1st mort
Am. District Telegraph...
do
71
22%
2ds,6s..
do
do
do
2d mort
do
No. 16
do
Canton Coy Baltimore....
67
8dB,8B...
do
Rome Watert’n & Og., con. 1st
Stock
do
59%
4
35
Cent.N.J.Land & Im. Co.
4thB,8s.. 25
Kalamazoo & South H. 8s, gr.f
St. L. & Iron Mouutaln’, 1st m. 99% 100
Richm’d * Petersb’g 1st m. 7s. 193
American Coal
7.
38
25
do
Kal. Alleghan. & G. R. 8s, gr.. 93*
do
2dm..
Rich. Fre’ksb’g * Poto. 6b
b3
98
Consolidat’n Coal of Md..
IM
24
Kansas City & Cameron iOs.*t
St. L. Alton & T. H.—
do
do mort. 7b
bft
100
Mariposa L. & M. Co
3
no
Kan. C.St. Jo. andC.B. 8s of ’85
Alton & T. H., 1st mort
112
Rich. & Danv. 1st consol. 6s..
do
74
72
do
5
pref.
2d mort.,pref.. 84
do
do
do
90
8s of ’98
Southwest RR., G& .eonv.Ts.TB 90
96
Cumberland Coal & Iron.
do
2d mort. Inc’me 08
Keokuk & Des Moines 1st 7s... 70
S. Carolina RR. 1st in. 6a
02
70
89
Maryland Coal
io
32
Belleville & S. Ill.R. 1st m. 8s
do
funded lnt. 8s
do
47
90
43
7s, 1902
Pennsylvania Coal
130
do
Tol. Peoria & Warsaw, E. D...
88
do
33
pref. stock... 20
80
7b, son mort..
Spring Mountain Coal.... 30
50
do
L. Ont. Shore RR. 1st m. g. 7i.
do
W. D..
do
stock
Lake Snp. & Miss. 1st 7s, gold.
do
do Bur. Dlv.
39
Savannah * Char. 1st M. 7b.
80
20
20
15*
Railroad Bonds.
do
Leav.Law. & Gal. 1st m., 10s..
do 2d mort..
Charleston * Savan’h 6s, end 20
30
25
(Stock Exchange Pieces)
do
do consol. 7s
West Alabama 2d m.8s, guar., 95
Logans. Craw. & S. W. 8s, gld. *4
97
0
Albany & Susq. 1st bonds
Tol. & Wabash,l6tm. extend.. J00
do
Istm. 8b
Michigan Air Line 8s
•+ 00
95
97
do
<d
do
94
do
ex coupon
Monti cello & P. Jervis 7b, gld.
89
PAST DDE COUPONS.
do
3d
do
Montclair & G. L.Ist 7s
do
Istm. St.L. div. 71%
75
80
Tennessee State coupons
40
52
ipt. eons, glia’do
2d mort
do 2dm. Vs (old Mont, lsts)
00
South Carolina consol ........ 00
60%
8%
75
Boston H. & Erie, 1st m..
do
Mo. K .& Tex. 1st 7s, g.f 1904-’O6 85% 58
equip’t bonds,
30
Virginia coupons
do
11
do
do «
con. convert...
t>
guar. ...
28
2dm. income... 10
30
do
consol, coup
30
8*2
Bur.
Hannibal & Naples, 1st mort
MemDhis City Coupons ... ... £0
40.
Chasa, & Ohio 6b, 1st m.
*
Great Western, 1st m., 1888.. 103
Price nominal,
118
118
118
.
110%
Erie, 1st mort., extended
Atlanta, Ga., 7s
RAILROADS.
Atchison* P. Peak,6s,gold..
..
...
..
...
(coujis.
tl*
„
‘
"
..
ioi’%
iff*
'
• • •
....
.
..
.
..
■
-
.
.
.
.
'103%
•
'21%
“l%
.iSi
•
"r*
...
..
C.R&\llnn.,tBt7s,g
do
txcoup
T
21%, 22
do
ex
coupon....
t8
89%
t And accrued Interest
•
Price nominal.
• •
•
Inaurance
Bank Stock List.
.
Capital.
Companies.
j
Pbioe.
Marked thus (*).
not National.
Companies.
Jr— u
O *a os
Amount
Central
Chatham
Chemical
Citizens’
2,000, OIK'
City
251) 000
101.000
t,000,000
200,000
500,000
450,001'
300,000
fioo.co;'
1,000,000
10,000,000
100,000
...
Commerce..o..
.
Commercial*
Continental
Corn Exchange*..
1,250,000
1,000 000
Dry Goods*
1,000,000
350,000
200,000
Bast River
Eleventh Ward*..
Fifth
Fifth Avenue*
First
Fourth
Fulton
........
150,000
218,000 J. & J.
46,300
1,223,000 •I &J.
29,700 M. & S.
137,900 ).& J.
394,300 J. & J.
197,50. J.& .7.
-
Gallatin
Ger. American*..'
Ger. Exchange*...
Germania*
750,000
600,000
500,OOt
i
1’000,00(
'200,001
3U0.0O0
Hanover
Harlem*
ooo.ooc
i
’100.1110
1 500, (XX
‘moo<
100, Ml
Import. & Traders'
Irving
Island City*
Leather Manuf....
600,000
Manhattan*
Marauf. & Mercfc*..
Marine
Market
Mechanics
Mech. Bkg Asso...
Mechanics & Trad.
U50.GW
2
1*10,000
i$
400,000
1,000,000
2.000,000
500,000
600,000
Mercantile
1.000,000
-Merchants
Merchants’ Ex
3,030,000
1,000,000
500,000
Metropolis*
Metropolitan
Murray Hill*
3,000,000
230,000
Nassau*
New York.
New York County
N. Y. Nat. Exch...
6V.00
1,000,000
400,000
300,000
422.700
2,000,00(1
412,500
Peoples*
Phenlx
Produce*
1,000.000
Republic
1,500,000
250,000
St. Nicholas
Seventh Ward...
Second
Shoe and Leather.
Sixth
State of N.Y
Tenth
Third
Tradesmen’s
Onion
West Side*
1,000,000
300,000
300,000
.
1,000,00(1
200.000
800,000
500,01X1
1,000,000
1,000,000
1,500,000
200.000
Gas and
‘i2*‘
-
•
-
.
lt...
do
Harlem
4
14
10
•
*
•
Jersey City & Hoboken
Manhattan
Metropolitancertificates
ao
do
bon
.s
Mutual, N. Y
do
bonds
Nassau. Brooklyn
scrip
do
«
.
.
New York
ICO
People’s (Brooklyn)
do
bond8
certificates.
d >
Central of New York
do
do
10
101c
var
30
50
Williamsburg
scrip
var
10c
Metropolitan. Brooklyn
•
r....
....
....
....
,
.
.
....
....
....
85
....
..
.
•
10
3
Hoffman.,
....
....
•
•
....
•
»
....
8
•
....
Jan. 8, ’76...5
Jan. 2, ’77.. .4
Jan. 2,’77...5 137
5
•
•
•
•
•
•
.
.
.
137
70
1.’77.2k 60
9
1,*77 ..4
190
8
i, ’77..3
8
2. ’77 3 k Xilb
8
2/77... 3
3k Jan. 3,’76.3k
10
July 2,’77...5 i2)k X
May
May
May
July
July
....
•
....
Oct.
...
....
i,’75. .4
Lorillard
Manuf* BullderB
Manhattan
....
....
92
6X May 10/77
July 2, ’77.3k 114 X L15k
lau. 1/77.. .4
3k Feb. 1, ’77..4
6
Jan. 2, *77.. 3
99”
7
Jan. 2.’77 ..3
July 1, ’74.3k
12
Jan. 2.’77...6
12
Mav 1. *77...3
10
July 2/77...3 xtCo
•10
Jau. 2/77...5
l6S”
Jan. 2, ’77.. .3 104
7
July.lS’74.3k
Feb. 9/77.3 k
£98" *
Feb.
77.. .4
8
6
Jan. 2/77...3
Jan. 2 ’77.. .5
12
....
IU
4
....
...
....
•
•
....
....
....
....
....
...
,
Nassau
N. Y. Equitable....
New York Fire
N. Y. & Boston
New York City.
Niagara
....
....
....
4
.
.
.
.
.
.
.
9
8
6
14
12
S
.
.
....
Jau. 2,’77...5
Jan. 1, ’77.. .4
11
8
...
...
May 10/77.3 k 117
Jan.2 ’74.2MF
Ju.y 1/76-. 4
Jan. 2/77...5
May 1, ’77.. .4 135
jau. 2.’77..4
8
10
10
8
•
10
9
8
8
•
•
•
..
69
•
•
....
.*•
•
St.Nicholas...
Street.]
Standard
Star
1
Rale.
Date.
n
Feb.,
’77
4
Yar.
Var.
320.000 A. & O.
1,850,000 F.&A.
396,000 J. & J.
4,000,000 J. & J.
2,500,0(0 V1.& S.
1.000,000 M. & S.
500,000 I. & J
2,000,000
1.200,(XX)
Jan..
’77
3k April, 77.
4
Feb., 77.
Jan., 77.
Mch., 77.
Feb., 77.
5
5
5
Feb.. 77.
3L June l ,’7S
‘2 k Apr., *77.
5,000,<03 Quar.
1 000,000
I.& J. 3 KB Aug., ’c2.
3
Var.
Jan., 77.
1,000.000
700,000 M.&N. 3k May 1. ’77.
5
M«y 1, ’77.
4,000,000 M.&N.
1,000,000 J. & J. 3k Jan., 76
325,000 F.&A.
Jan., ’77.
300,COO J. & J.
456,000 F.& A. 3V Feb. 1, ’77.
3k
.
2k Apr., ’77
3k •Jan., ’77.
2 k lMav20 .’77
1,000,000 Quar,
1 000,000 J. & J.
1.000,(00 M. &N.
130
70
95
9S
160
190
130
100
100
91
103
70
95
130
25
(Tradesmen’s
United States
Westchester
160
SO
97
102
-
-
1st mortgage
Broadway dk Seventh Ave—stk..
1st mortgage.:
Brooklyn City—stock
1st
mortgage
Broadway (Brooklyn)—stock...
Brooklyn <fe Hunter's Pt—stock.
1st mortgage bonds
Bushwick Av. (Hklyn)—stock.,
central Pk, N.
E. Hirer—stk.
Consolidated mortgage bon is
Dry Dock.E. B. dk Battery—stk.
1st
mortgage, cons’d
Eighth Avenue—stock
mortgage
Houston, West st.dcPav.F'y—stk.
1st mortgage
Second Avenue—stock1st mortgage
3d mortgage
Cons. Convertible
Extension
Sixth Avenue- stock..
1st mortgage...
STSUrd Avenue—stock
1st
mortgage
Ttvr.nly-iMra Street—slock
1st mnrtirnfl’p
=* This column shows last
2,000,000 Q-F.
300,000 M.&N.
200,000 Q-J.
400,000 A. & O.
300,000 J. & J
500,1 DO
1,800,000 J. & J.
.
1,200,000 J. & D.
J*
1,200,000
1
J.&D
1,000,000 J & .1.
203,000 J. & J.
748,000 M.&N.
236,000 A.&O.
900.000
.
1st mortgage
CZdSt. db Grand St terry—stock
1st mortgage
.
Central Cross lown~ stock. ...
1st
990,1X0
694,000 J. & J.
2,100,000 J. & J.
1,500,000 J.&D.
600,000
200,000 M.&N.
250,COO
500,000
1,199,500
2-0,000
150,000
770,000
200,000
750,000
415,000
J. & J.
Q.-F.
J.&D.
A.&O.
M.&N.
A.& «>.
M.&N.
T. & J.
2,000,000 Q-F.
2 000,000 J. & J.
600,000 J & J.
95(1.000
M.&N.
*
3k May,
7
3
3
7
’77
Anl ’77
Oct , ’76
1888
1895
Feb.. ’77
Jure, ’93
Jau , ’77
7
*)
7
6
Jan.,
May.
7
7
f
r
’34
*77
April. V3
5
*
York:
Water stock
Ne>'
7
Nov.,191)4
7
2
7
7
7
7
Jnlv.1894
5
May,
April, ’77
1877
1885
1SSS
125
102
7‘2
do
Oft..
’33
’77
1390
4
May,
5
’77
7
1890
4
Feb, ’77
7
Mav.
dividend on stocks, but the date of
’93
22,630
13/91
63/87
r
•
,
20
20
20
12
20
20
65*‘
80
,0
123
.
Jan.,’77..6
135
115
75
118
Jan., ’77..5
110
65
Jan., ’77..6
112
Aug.,*76. .5
Jan., ’77..5
lio
.
Jan., ’77.15
70
175
127
275
Jan./77..i0
Jan., ’77.10
Jan.. ’77..5
Jan., ’77..5
10
>0
10
10
10
10
12
12
10
10
20
10
20
10
10
29
0
11
14
30
20
10
20
20
25
(6
20
20
30
10
10
.
,77.6-2u 135
Apr., *77.It
Jau ,’77 .7 in
Jan.. ’77 .3
Feb ’77.10
Jan.,’77.7k 128
,
16
10
10
14
4 •
,
Jaa., ’77. .5
10
10
50
>0
49
10
20
10
10
10
10
12
12
13
10
20
20
20
10
10
10
10
12
30
20
20
20
15
5
10
10
to
11
20
9K 11
10
10
20
10
11
15
10
33.981
219.433 20
150,550 5
54.560 10
163,259
6
5
151.936
77.457
156,263
192,769
251,337
200
140
295
70
96
160
85
150
125
90
July/7;..10
Jan.,’77. 5
Tan., ’77..5
Jan.,’77..5
Jan.,’77..5
Jan.,‘77.. .6
Jan., ‘77. .6
Jan ,’77. .S
.Mcil.,‘77. .5
130
95
|#|
ii5
95
170
104
Jan.. ’77.U
Jan., ’77..5
'.59
Ja i.. ’77.li
Jan ,’77..5
110
90
120
112
100
160
180
107
160
110
95
165
Jan.,’77..5
Jan., ’77.10
•Jan., ’77..5
»
96
140
140
132
Jan., ’77.10
Jan.,’77/20
Jan., ’77.10
Jan.,’77. .5
Jan., ’77.10
X
102
90
Jan ,’77..6
180
MU
192k
160
140
no
97 k
June,’77..8
Jan., ’77.10
.Tan.,’77..8
Jan.,’77.10
Feb..’77.10
•
t
* *
-
-
•
•
130
180
..f»
135
165
90
Jai., ’77..5
Jan., ’77..6
10
10
12
30
20
29
20
20
1C8
Arl., ’77..6
Jan.,’77.1C
Jan., 77.10
Jan., *77.19
sk Jan.,’77 Sk
<Jsn
10
77. 5
J 8-11.
10
i ?., 5
10
July, 76 .5
13
Jan., ’77. .7
25
Feb., 77.10
125
250
....
f
240
130
199
Jan.. ’77.1C
Jan. ,’77.10
200
.....
lf
tt
9
.•••••
..
«
-
*
87
95
90
65
110
190
*
85
*
r
-
12k t5k July,’77. .8
10
10
Feb.,’77..5
11-6 t
Jan77,6*12k
12k 15
J»n.,’77..10
1
+
•
*
t
*
*
130
125
85
120
125
,’77
14)
Jan.,’77.
Jan.,’77.12
’iso*
Jan., ’77..8
Jan.,’77.,5
100
.....
Feb
201.451
436,550
7
J
m..
160
175
155
•
’77.10
Uroker, 40 Wall Street.]
stock1
Brooklyn - Local
Citv bonds
var.
var.
••••«
200
surplus
surplus.
Pk;
Impr’em’i
Bridge bonds—
water loan.
...
City bonus
Kings Co. bonds
7
......
Park bond’s
*
.
200
,
■
A11 Brooklyn
maturity of bonds.
..1869-71
Sewerage bonds
1866-69.
Assessment bonds...1870-71.
Improvement bonds
hnndn
<y
’
1877-95
do
v
Hi 1
110X
107
119
107
102
119
105
117
112
105
106
107
102
108
112
123
123
108
111
HT. 1
1915
00
do
1902-1905
1381-95
1380-83
1< 8
120k
120
118
January & July.
do
120
111
107
im
l-lH.i
uu
103
112
109
1924
do
109k
I'd
1307-1910
do
do
May & November.
do
102
102k
104 k.
1(9
do
><n
105
106
118
107
118
104
105
110
do
GO
103
1(3
112
106
100
100
101k
do
do
do
100*
106
1877-80
1381-95
1915-21
1903
do
do
100*
1(0
118
1901
1905
1878
1894-97
1889
1879-90
1901
1888
1896
1894
.
100
100
109
m
bonds fiat.
Jersey City—
Water loan, long
Itororon
1907-11
1877-98
1879-82
January & July,
[Quotations by C. Zabki.-kik.
,
do
ii)5
do
hKUrtB. .) 1
6
6.
P-ridg
1884-1900
January & July.
A
do
dn
......
do
7
7
7
7
7
6
6
1877-80
1877-79
1890
1883-90 '
1834-1911
do
do
do
do
do
do
do
do
do
7
6 g.
6
7
1’.
Payable.
Feb.,May, Aug.& Nov.
May & November.
7
N.
N
Bid.
Feb., May Aug.& Nov.
d©
do
do
do
do
do
do
do
May & November.
Feb., May Aug.& Nov.
do
do
do
do
May & November.
Sg.
do
Park bonds
Water loan bonds
......
Months
6
var.
(Quotations ny
*
......
.
.
.
.
>3
io
8,270
6
do
do
New Consolidated
Westchester County
aO
.
.
10
10
10
IS
80
20
20
18
10
5
+ 70/06
1F75.
Street imp.
75
r
•
,
Jan
15
20
12 k 15
19
15
10
.0
12
12
10
10
12
io
12
20
13
219.330 20
122,2)5 14
B89 316 10
7
6
Consolidated bonds
160
•
rl&U
160
....
500,391
132.714
4! 0,076
139.085
6
G
7
6
5
6
Impovement stock.... 1869
do
....1869.
do
190
105
160
100
90
108
none
1870.
do
104
-
20
18
2(0.541
Floating debt stock— 1860.
Market stock
1865-68.
12
75
IOC
......
128,169
341,235
5
..1853-65.
09
Dock bonds
yu
72 k
M0
95
91
125.411
2 29.513
5
6
1841-63.
do
1854-57.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
do
pipes and mains...
repervoir bonds
do
Central Paik bonds.. 1853-67.
50
9J
12
75
7
20
20
Rate.
90
95
67k
40
90
81)
100
155
100
115
102 k
191,002
July, ’76. .5
190
Bondsdue.
50
2k Jan., ’77
65,715
5
Jau.. ’77.(0
INTEREST.
96
7
,
162,031 10
Jan.,’77..10
Feb., ’77.10
9" 80 t
10
30
14
14
10
10
•
201
175
150
145
69
City Securities.
79
100
183
40
89
10
10
20
10
20
10
10
10
10
10
15
7
10
20
20
10
10
10
15
to
10
10
20
10
10
17
20
20
10
20
20
(Quotations bv Daniel A. Moran,
106
8
I960
*77
3k Jan
1884
7
315.907. 20
95
121
i9
63
<0
*
90
220
210
Feb..’77.10
Jan..’77..1C
j Continental, 11*45; Standard, 11 55.
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bieecker 6t.dk FultonFerry—stk.
203,659
ics‘'
100
Feb.,’77. .5
•Overall liabilities,.including re-insurance, capital and tcrip. fTha
renresenied by scrip is deducted, and the figures stand as actual net
1
195
133
103
103
90
15
7
10
10
; 10.327
185,46'«
300,000
250,000
Williamsburg City.
I
+157,018
200,000
150,000
250,000
Stuyvesant
*
io
200,000
Sterling
Askd
132,772
73/7,5
200,000
200,000
200,000
200,000
200,000
200,000
Rutgers’
Safeguard
5
10
10
20
10
200,(XX)
Ridgewood....
....
7k
109,419
61,099
1117,568
294,836
65,593
159,503
200,000
300,000
Resolute
Ronds.
Bid.
40.293
138,366
200,000
Republic
•
....
...
1,002.784
'
75
GO
200
10
105.6-6
150
,
Jan.. ’77..5
10
20
10
140
100
Jan
’77..5
Jan., ’77. .4
Jan., Mi..5
June/77.10
,,
57,663
142,297
509,394
80
100
0
.
,
4
135,042
1,000,000
Phenix (R’klyn)
Produce Exchange
Relief
....
•
.
70
Jan.. ’77..7
20
!U
20
20
20
20
20
10
10
25
10
10
12 k 15
50
29
317,639
11,(81
350,000
200,000
200,000
150,000
150,000
People’s
....
.
5
none
500.000
North P.iver
Pacific
Park
Peter Cooper.
..
.
(B’klyn)...
«
Jan., ’77..ft
Apl., ’77. .6
1U
17
20
17
10
10
13
10
30
10
10
.0
10
13
10
10
....
651,937
891,900
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
200,000
National
...
10
7
1.846
150,000
Mercantile
Merchants’
Montauk (B’klyn).
.
....
12
12
.
300,000
200,000
250,000
200,000
Mech.&Trad’rs’....
Mechanlcs’(Bklyu)
...
10
6,078
133/45 10
1.55,156 10
103,454 5
16,653
96,000 10
200,000
150,000
200,000
.
20
5M//15
llijXh
280,000150,000
Lenox
Long Island(Bkly.)
....
•
.
(B’klyn)
.
8K
f7S5,29C
200,000
200,010
150,000
Knickerbocker
Lafayette (B’klyn)
Lamar.. .*
•
•
.
t
.
Irving....
Jefferson
Kings Co.
.
5
5
160.326
500,000
200,000
....
.
13;376
200,000
1,000,000
500,000
280,000
.200,000
200,000
200,000
150,000
500,000
200,000
3,COO,000
150,000
...
isi”
t
f
.
12,307
150,000
-
10
172.151
20! .'’( 0
xilJO
Bid. Askd
30
5
20
30
20
20
30
f3)9,009 :ok
192,160 1414
150,000
...
•
20
20
229,251
1,000,000
300,000
200,000
200,000
200,010
200,000
204,000
•
....
Julyi/75..8k
8
.
.
28,806
.
306 j910
200,000
200,000
.
80
....
•
Jan. 2, ’77.., .6
Feb. 10/77*4
12
9
10
8
.
var
•
....
....
’77...3
July 2, ’77.3 k
Mch.l, ’75..4
July 2,’77... 7
July 2, ’77.. .4
.
12
10
7
10
9
10
6
266 000 F.&A.
132.600 F.& A.
49 800 J. & J.
75,200 J. & J.
271.200 J. & J.
38.800 J. & J.
183.300 M.&.N.
15,400 J. & J.
178,400 J. & J
441.VOO J. & J.
758/00 M.&N.
77,700 J. & J.
var
•
10
10
20
5
20
5
10
20
411,986
300,000
74
7k
5,245
210,000
250,000
....
Jan. 2,
.....
10,"00
1000
IX'
loot
25
Citizens’.
City
....
•
14
10
12
50
111
.
.
Brooklyn
....
.....
....
8
3
10
4
.
20
50
100
....
....
•
-
163.2!)) J & J
225.400 Q-F.
440,500 J. & J.
162,700 I. & J.
174.100 J &J.
1009
•.
May 1, ’77..4
Par Amount. Period
sertiiicates
•.
•
210*
July 10/76.. 2
Jan. 2. ’77...3
Ju'y l, '76 ..8
Apr. 2,77. 2k
8
4
20
•
•
....
8"
112,30.) J.& J.
66,290 J & J
80.200 J & J.
25
•
10,451
10?,S63
200,000
300,000
200.000
200,000
153,000
300,000
Bowery
Brewers’ & M’lst’rs
Broadway
....
10
10
77,195
200.000
Ainity
xl'20
,
....
Apr.1, 77...S 200
(
Brooklyn Gas Light Co
...
400.000
200,000
200,000
Exch’e..
Arctic
Atlantic...
...
*
Jan. 6. ’76.. .3 70"
Feb. 1/77...5 123
.
•
....
*
......
[Gas Quotations by George H. Prentiss, Broker, 30 Broad
Citizens’Gas Co <Bklyi,)
•.
-
July 16/77..3
City Railroad Stocks and
Gas Companies.
•
...
....
*
8
8
7k
10
8
8
50,400 M.&N.
681..-00 J. & J. 10
96.900 J. & J. 114
76 000
7k
.
•
.
.
.
.
7k Jan. 2, ’77.3k M0
10
May 1.’77...5 145
7k Apr.l0/77.8k. no
Feb. 1, ’74.. .3
6
May 11,’77..6
7
May 2, ’77...6
10
8
May.
®
Sept.l ’75. .5
July 2, ’77...4
Jan. 2. ’77...4
Jan. 2. ’77...5
May 1, ’77 .15
Jan. 2. ’77.3k
May 1. ’77. ..5
12
8
47.400 J. & J.
I.'4 200 J. & J.
10,200 M.&S.
1,747,(00 J. & J.
121.’00 J. & J.
18,(00
426,(00 J. & J.
1,147,500 F. & A
11.10C J. & J.
61,100 J. & J.
385,800 J & J
1 031,300 J. & J.
93,400 M.&N.
331 500 M.&N.
240,500 M &N.
873.000 J. & J.
230,( 00 J. & J.
14 000 J. & J.
919,00 J J. & J.
6,70' A.& O.
1,000,000
8.000,000
200,000
300,000
1.500,000
Ninth
North America*...
North River*
Oriental*
Pacific*
Park
July 2, ’77. .8
*
.
....
17,:'00 M.&N. 100
2,100
u
«
-
118,400
497,900 Q-J.
349.700 J. & J.
508,600 M.&N.
612,900 A.& O.
29.100 F.& A.
3 ),70C
May.
20C,0(X
200,000
100,000
Greenwich*
Grand Central'....
Grocers*
....
200,000
10
25
15
10
8
10
10
14
15
10
8
10
3k 10
40,350
(0
50,1(6
7269,328 14 ' 14
200,000
Adriatic
^Etna
American
American
1U4
...
.....
,
6]
24
10
10
10
8
S
10
10
100
(00
3,089,400 Bi-m’ly
9
8
176,SOU J.& J.
20
20
1 49LK0 Q-F
8
7
3,092,500 J. & J.
3,6)0 J. & J.
's'
3
184,700 J. & J.
10
60O.SOC F.&A. 10
3
4k
29,400 J. & J.
8
~k
76,80) .J. & J.
6
7
15,59! J. & J.
7 X 10
73,400 Q-J.
100.1 0,
500.000
3
(tf,
Price.
1877.*
Ask,
July2,’77...i 130
May 1/77.. 3
Jan. 2. '77.. 6
9
7
12
10
8
12
3,000,000 1.749,000 J. & J.
5.000,000 1,(6,700 M.&N.
Bid.
Last Paid.
Period 1875. 1976.
cn os
America*.
American Exch
Bowery...".
Brewers’ & GroV*
Broadway
Ball’s Head*.. ....
Butchers & Drev..
..
Net sur
Dividends.
plus,
Jan. l, 1873 1874 1875 1876 Last Paid,
Par Amount.
Capital.
*3
are
Stock List*
65 Wall street.)
(Quotations bv E. S. Bailey, broker.
Dividends.
P V 00
—A.
LOCAL SECURITIES.
NEW YORK
do
(June 23, it77.
THE CHRONICLE
588
...
6
7
7
7
7
7
47 Montgomery St., Jersey
January & July.
January & Juiy.
do
do
Jan., May, Jnlv & Nov.
J. & J. and J & D.
lunnirv
'-m) .In'
v
City.]
1895
ioik
102*
110
101
1891
1905
,109
uo
111
102
110
ill
1Q(M
105
106
1899-1902
1377-79
*tne 23, 187 7.j
THE CHRONICLE.
589
STATEMENT SHOWING THE MILEAGE, COST,
WAYS FOR THE YEARS
3 noestmuifB
1S75.
Miles of railway
i
STATE, CITY AND CORPORATION FINANCES.
2581
3
Investors’Supplement” is published on the last Saturday
only
as
sufficient number is printed to supply regular
a
subscribers.
Railroads of the United States in 1876.
I From
advance sheets of “Poor’s Manual of Railroads of the United States
for
1877-1878.”]
Though the past, year has been one of great depression in the
railway, as in all the other, interests of the country, the aggre¬
gate results of their operations have been fairly satisfactory.
The number of miles of railroad opened
during the
year
2,333,970,220
Funded debt
0*331
0*782
0*049
by freight trains
Receipts per m. from do..
104,635,0*6
$1*539
294,913.675
89,079,009
$1*403
235.537,790
15,556,047
$0*136
53.375,1-85
160,990,980
11.3,160,230
122,377,560
39,081,010
47,830,750
42 *2T
15.3.0
10,545,1:35
9,090.370
1,380
7,965
179,720
9,445
8-611
23*36
9*00
0*81
5* 22
003
Miles
per
run
Gross receipts
Operating
expenses
Net earnings
133,922,695
Dividends
STATEMENT
YEARS.
Miles
Year.
1876
1875
1874
1873
1872
1871
Capital and
Gross
Net
Operated,
73,608
Futded Debt.
Earnings.
Paid.
$186,452,752
71,759
69,273
66.237
57,323
44,614
$68,039,669
4,415,631.630
4,221,763,594
3,784,543,034
3,: 59,423,057
2,664,627,645
Earnings.
$497,257,959
503,0^5,505
185,506,438
169,570,958
183,810,562
165,754,373
74,294,208
67,042,942
67,120,709
64,418.157
56,456,681
$4,468.591,9?5
520,466,016
526,419,935
465,241,055
403,329,208
Dividends
141,746,404
It will be seen by the above that, while the gross earnings have
fallen off $5,807,546, the net earnings have increased $946,314.
This increase has been due chiefly to the great economies prac¬
ticed in conducting the operations of the roads.
Whether these
economies have been at the expense of the condition of the roads,
The introduction of steel rails has
the future must determine.
doubtless been a considerable element in the cheaper ratio of
operating expenses.
The present is the tenth annual issue of the Manual, covering
the period from 1867 to the present time.
This period embraces
the years of greatest activity in all enterprises connected with
railroads since their first opening in 1830.
Arranged by groups, the increase of railroad mileage and popu¬
lation is shown id the following table :
.
TABLE
SHOWING
THE
INCREASE
OF
RAILROADS
AND
POPULATION
IN
THE
YEARS, 1867-76.
^-Milosof RR.-^ /—Increase.—,
/— —Population.Miles
Per
RR.
1867.
cent.
1676.
1876.
1857.
44 59
New England States. 5,694
3,938
1,756
3,348.000
3,806,850
Middle States
57*87
15,085
9,555
5,530
11,405,000
9,930,0(0
Western States
143*37
15,226
21,829
.37,055
15,835,000
11,985,000
64 68
Southern States
16,(176
6,550
10,126
12,410,0C0
10,440,Of 0
431
586 78
Pacific States
2,5.9
2,950
1,280,000
650,000
UNITED STATES FOR TEN
189.165
NUMBER
UNITED
OF
$33,815,470
MILES
STATES, FROM
OF
24*78:
70
4*51
4*54
SHOWING THE
EACH YEAR IN THE
0*03
RAILROAD
CONSTRUCTED-
1830 TO THE CLOSE
OF
1876,,
INCLUSIVE.
Miles in
Colorado.
SIX
48,171,380
17,700
8,035
Gross earnings per mile...
Net earnings per mile
Cost of railway per mile..
Per cent of div’dB to cap’l.
Annual
Inc. of
Operation.
1830
1831
1832.....
1833
1834
1835
1836
FOR
817,552,925
70,246,770
30,704,953
ton
Do.
Year.
RAILROAD, CAPITAL ACCOUNT, EARNINGS, ETC.
$387.809,b95
p. C.
8*34
14 03
15*74
9*04
17 54
25*53
8*27
17*43
9*6l>
169,364,698
$132,424,890
was
STATEMENT SHOWING MILES OF
1,282
$166,340,360
Receipts from freight
The
The gross earnings of all the roads whose operations have
beeB reported have equalled $497,257,959, against $503,065,505
for 1875.
The general result of the operations of our railroads
for the last six years is shown in the following statement:
817,147,190
200,069,651
Freight moved (tons)
Increase.
15,876
$2,763,307,775
2,016,417,355
746,890,420
$3,151,117,470
Capital stock
1876
2,856, against 1,919 miles for 1875, and 1,911 miles for 1874.
excess of miles built, as compared with the two
preceding
years, is due almost entirely to the great activity in the Southern
Pacific lines, and in narrow-gauge lines in Ohio, Texas and
1871.
16,655
Cost of railway
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
office,
RAIL-
1875
AND
Inc’ae*
AND
The “
EARNINGS, ETC., OP BRITISH
1871
Mileage.
7*2
134
151
22:4
253
465
175
1837.....
224
1838
416
389
183!)
1840
1841
1642
1843.
1844
.
516
717
491
159
192
£56
297
668
398
.
1845
1846
1847
1848
1849
1850
185'
5,598
7,365
1,369
1,656
1,961
1,926
2,452
ANNUAL
Miles in
Annual
Inc. of
Year.
Operation.
Mileage*
1854
1865
1856
1857
185-*.
1659
1860
1861
1862
1863
1864
1865
1866
16,720
1,360
1,654
22,016
24 j 503
26,968
3,047
2,647
2,465
28,789
30,635
1,846-
32,120
651
834
1867.
...
..
i;82i
1,060'
738
33,908
35,085
36,827
39,276
4*2,255
1S6S
1869
is; o...
1871
1872
1873
1674
1875
1876
2,440
2,970-
47,208
...
1,177
1,742
4,958.
52,898
60,568
5 690,
7,670
6,167
4,010
1,911
1,910
2,656
70,784
72,695
74,614
77,470
REPORTS.
Boston & New York Air Line.
{For the year ending May 31, 1877.)
This company was originally known as the New Haven
Middletown & Willimantic, was sold under foreclosure two years
and the present company organized by the bondholders. It
forms a part of the shortest rail line from New York to Boston,
but has thus far been able to secure but a small share of the
ago
through business, owing partly to previous financial embarrass¬
ments, and; partly to the want of fayor shown by connecting
lines. The following figures are from the report presented at the
recent annual
meeting for the year ending
The general account is as follows:
May 31, 1876.
.
.
Stock, preferred
“
“
.
$2,150,000 00
656.100 CG>
common
25,058 25-
tcrip
.
Total stock
($52,429
per
mile)
$2,831,158 25-
426,000 00
4f,736,850 36,353,000 First-mortgage bonds (*7,889 per mile)
Loans, bills payable, balances due
60,359 55
It will be seen by the above that, while in the last ten years Profit and loss
21,911 51
the railroad mileage has nearly doubled, the increase in popula¬
Total ($61,Sit per mile)
$3,339,429 31
tion has been only 23 per cent, the railroads having increased
The stock was principally issued for the bonds of the old com¬
more than four times as rapidly as the population.
The number
The earnings for the year were as follows:
of inhabitants to a mile of railroad in 1867 was 925, while in 1876 pany.
it was only 577. The experience of the New England States demon¬ Passengers
$82,197 1 6
86,309 75
strates that, to enable railroads to be operated at a profit, a popu¬ Freight
9,844 10
Express, mail, etc
lation of at least 850 to a mile of railroad is necessary in this
Total ($3,302 80 per mile)
;
$178,351 01
country. The history of the railroads in the Western States also
127,037 82
In the earlier days of 4he system, nearly all the lines Expenses (71*23 per cent)
proves it.
built in the Western States brought handsome returns to their
Net earnings (*950 24 per mile)
$51,313 Id
37,055 86
builders; but, with the increasing profits came a still greater Interest and discount
Total, U. S
.
.77,470
39,276
97*25
36,194
..
increase of railroads.
an enormous
The
success
which attended them led to
development of the system.
The growth of our railroad system in all its branches, in the
last ten years, is shown in the following comparative table of
railroads whose operations were reported, compiled from the first
and the present issues of the Manual:
STATEMENT
SHOWING
THE
MILEAGE, COST, OPERATIONS, ETC., OF RAILROADS IN
STATES FOR THE YEARS 1876 AND 1867.
UNITED
Inc’se
1876.
Miles of railroad
Inoreafe.
73,508
Capital stock
Funded debt...
Total capital account.
Gross earnings
Operating expenses
Net earnings
...
Dividends
Cost per mile of railroad..
Gross earn’gs p. m. of RR.
Net earn’s p. m. of RR
P. c. of div'ds to capital..
*
1867.
30,000
43,508
$2,248,358,375
2,220,233,560
4,468,591,935
497,257,959
310,805.207
186,452,752
$756,223,000
416.658,003
1,112,881,0*0
$1,492,135,3:5
68.039.669
53,558
6,764
2,534
3 03
334,000,000
£29,700,000
105,300,000
32,125,000
39.096
11,130
3,510
4 25
1,803,575,560
3,295,711,935
163,257,959
82,105,207
81,152,752
35,914,668
p. c.
145
197
433
281
49
36
77
1 2
14,462
*4,366
37
*39
*976
*1*22
*2?
*29
Decrease.
The only other country with which comparison of the opera¬
tions of our railroads can fairly be made is Great Britain—be¬
cause elsewhere railroads were built for other than commercial
all more or less under government control and
The latest reports of British railways are to the
The operations of these roads for the years 1871
and 1875 are shown in the following table—the pounds
being
reduced to dollars at the rate of $5 per £.
purposes,
and
management.
close of 1875.
are
Net balance
14,257 85
The earnings for the year showed an increase of $20,050 or 17*0
per cent over the previous year.
The average receipt per train
mile was $1 05.
The road carried 14,175 through passengers and
17,286 tons of freight, the traffic showing a steady increase
through the year.
The condition of the road has been much improved, and seven¬
teen miles of track
are
to be laid
are now
laid with steel rails.
during the current
year.
GENERAL INVESTMENT
Atlantic & Pacific
More steel rails
NEWS.
Telegraph.—At Cincinnati, June 20, Judge
Avery, of the District Court of Hamilton County, Ohio, rendered
a decision in the case of the Western Union Telegraph
Company
against the Atlantic & Pacific Telegraph Company, the Marietta
& Cincinnati Railroad Company and the Baltimore & Ohio Rail¬
road Company, granting an injunction against the use by tbe*
Atlantic and Pacific and Baltimore and Ohio companies of a wire*
recently erected on the line of the Marietta & Cincinnati Railroad
between Cincinnati and Parkersburg.
Columbns Chicago & Indiana Central.—The case of Augustus
C. Brown against the Pennsylvania Railroad Company was argued
before Judge Donohue, in Special Term of the N. Y. Supreme
Court, this week. The case came up on demurrer to the com-*
plaint, so that the answer of the defendants to the facts stated in
the complaint is not given.
The action is one brought directly
•
[June 23, 18773
THE CHRONICLE
590
—
against the Pennsylvania railroad by a holder of the C. C. & I. C.
guaranteed bonds, and the only matter of surprise about it is,
that there have not been a hundred such suits brought a long
time since.
When the default was first made on these bonds, we
took the ground that the Pennsylvania Railroad had incurred a
direct liability to purchasers of the bonds, and whether or not
this claim of bondholders may be defeated by some technicality
of law or court practice, the equity of the position can hardly be
-questioned. Quoting from the N. Y. Times report: “ The plaintiff
says that after the execution of the lease, and after its terms and
•conditions had, to the knowledge and with the approval of the
Pennsylvania Railroad Company, become matters of public noto¬
riety in the New York market, lie bought three of the consoli¬
dated first mortgage bonds of the Columbus Company, relying on
the laith of the Pennsylvania Company’s guarantee.
He says
that the interest coupons were paid as they fell due, up to April
1875. He sues to recover the amount of the unpaid coupons.
The suit is a test one, and is brought to determine the Pennsyl¬
vania Company’s liability under the agreement.
The Pennsylva¬
nia Company demurred to the complaint on the ground of a defect
•of parties defendant, as well as for several other reasons. Among
the latter was the one that the case, it was insisted, was merely
intended for the benefit of the parties to it, and not intended to
create any trust in relation to or any beneficial interest in third
parties. After listening to a long argument, Judge Donohue
took the papers, reserving his decision.”
Erie.—The following notice, dated May 29, was Jssued in
.Xiondon:
Tne Reconstruction Trustees give notice of the following
modification of the scheme, in respect of the assessment on shares
—viz., that, until further notice, payment may- be made till 45th
“
.June next,
inclusive, with 5 per cent interest from the 1st
March,
1877, and after the 15th June next with interest at 7 per cent
from the 1st March, 1877, and in either case without any further
payment beyond the interest.
The comparative statement of net earnings for
issued in London, by the committee, as follows:
Gross
Earnings.
$1,186,4*21
1,170,714
1876
1677
March
was
Expenses.
Net Frn’gs.
$1,003,023
797,144
$183,398
373,569
“
Hon. H. .1. Jewett, Receiver.
Deiir oir—I beg to hand you herewith, for transmission to London, the
.usual statements for March, 1877, showing a deficit in our operations for that
month of
...
$67,939
The deficit for the five months ending Feb. 28, 1877, was
631,328
“
„
$699,298
Total deficit
The deficit for the
same
period in 1875-G was
979,643
$283,545
Decrease in deficit
“
very favorable exhibit, compared with the first six
previous fiscal year, particularly when the extraordin¬
ary debits of $115,153 for the Arnot judgment and $44,625 for
the loss on.sale of Buffalo New York & Erie bonds, purchased by
you as receiver, at par, are considered. The decrease in workiug
expenses, compared with March, 1876, is $205,879, and with Feb.,
1877, $60,699.
Very respectfully,
S. Little, Auditor.
New York, May 18, 1877.”
This is
months of
<•
a
“
Indianapolis Bloomington & Western.—Hassler’s Weekly
Report says of the recently reported decree of sale: “ The fact
to be
8eems
that
no
decree has been entered, and no order made
requiring ‘that all bonds should be presented for identification
On one thing we must congrat¬
Drummond has in effect ‘wiped
and if any owner of first or even
second mortgage bonds, liad any fear that the equipment was not
covered by the lien of his mortgage, he may now dismiss all fears.”
Lehigh & Wilkesbarre Coal Company.—The report of the
special committee appointed at a meeting of the consolidated
mortgage bondholders, held in March last, is now published.
and proof within thirty days.’
ulate the bondholders. Judge
out’ the equipment mortgage,
After
an
elaborate review of the financial condition of the
com¬
the committee conclude by saying that they believe “ some
plan of reorganization in connection with the reorganization of
the Central Railroad Company of New Jersey can be devised,
which will be vastly more beneficial and result much more
advantageously to the consolidated mortgage bondholders than
any arbitrary proceedings for the enforcement of their legal
sights under the trust deed. Some time must necessarily elapse
•before such a plan can be matured and agreed upon, involving, as
dt does, much labor, negotiation, and careful adjustments of con¬
flicting interests.”
Minnesota State Railroad ^Bonds.—The election held in
Minnesota, June 12, on the constitutional amendment authorizing
the proposed compromise with the holders of the State railroad
bonds, resulted in the defeat of the proposition. Nearly all the
leading papers of the State were in favor of the amendment, and
the larger towns and cities gave it considerable majorities, but
the “ honest farmer,” as the Nation says, defeated it, though the
latter journal doubts that he did so through any ignorance, and
thinks that it recognizes here the same sort of honest fellow who
jvoted for the granger laws.
*■
Montgomery & Eufanla.—In the United States Court, on the
15th inst., Judge Bruce granted an order of sale of this railroad,
to satisfy a former decree, for some $60,000, in favor of the South
pany,
& North Alabama Railroad.
The Court
now
decrees that the
-J3
denominated “floating debt,” incurred anterior to Nov*
the court to be
paid, was $1,401,736. of which there have been paid $604,080—
leaving yet unpaid $797,655.
In addition to these recognized liabilities, there are also unset¬
tled, disputed and contingent claims to a large amount, which
do not appear upon the books of the company ; the most notable
company,
18, 1876, and including the class authorized by
of which
are:
1st. The claim of the State of Illinois for taxes on the capital
stock and property of the company for the years 1873, 1874 and
1875, and amounting to the enormous suru of about $213,500.
The tuxes assessed on the tangible property of the company
for 1876, and amounting to $50,400, will be met from earnings.
The assessments against the capital stock have not been paid,
because of the want of means to do so, and of the belief that the
Legislature of the State would remove this oppressive burden,
that relief would be found in the courts of the State.
2d. The claim of the Liverpool & London & Globe Insurance
Company, growing out of the purchase in 1868 of the right of
way and partially graded road of the Fort Wayne & Southern
Railroad Company, from North Vernon to Jeffersonville, upon
which right of way the Louisville Branch was subsequently con¬
structed. This claim is now asserted as a lien, prior and para¬
mount to the title of the O. & M. Company, and is offered to be
compromised as to that company by the payment of $60,000.
The gross amount of receipts from all sources (including pay¬
ments on.claims anterior to the receivership and cash on hand
Nov. 18,1876) is $2,238,431; paid on claims incurred prior to
Nov. 18, 1876, $604,080; on claims incurred since $1,594,114leaving cash ou baud May 17, 1877, $40,235.
The receiver says that the .unfavorable ratio of expenses to
earnings is largely owing to the depreciated condition of the prop- erty at the time the receivers were appointed.
The equipment,
especially, was in bad order, and required very heavy expendi¬
tures to put it in condition for effective service.
This could not
be done in time to meet the demand for transportation during the
winter, and hence it was necessary to hire ten new
engines, for which the proper order of the court was obtained.
The track and road-bed also required extensive renewals and
repairs, involving large expenditures for steel and iron rails and
cross-ties. The disproportion of expenses to earnings under the
or
receivership, as compared with former periods, was further in¬
by the fact that many items of expenditure, which,
under the previous management of the company, had been
charged to the account of “construction” or “extraordinary
expenses,” were charged by the receivers directly to “expenses.”
In conclusion, Mr. King remarks:
“We may well hope for a much better showing, in the near
future, in tli6 proportion of earnings to expenses.
It is the
opinion of the receiver, based on his knowledge of the property,
and his experience in the management of iif, that, by proper
economy, the large interests involved in this great railway may
be saved to its present owners without forcing a foreclosure and
sale, and the consequent trouble and expense of a reorganization.
At least a fair effort should be made to accomplish so desirable a
result. To this end, it will be necessary to provide by temporary
loan for an amount not exceeding $175,000—to be used along
with the cash on hand, and the current receipts, to discharge the
interest coupons on the first mortgage bonds which matured
January 1, lb77^the date of payment of such coupons to be fixed
on or before June 30, 1877, so as to prevent the
consequences of
a six months’ default.
In view of the fact, that the net earnings
of the road during the past six months, under the difficulties
heretofore stated, have b-ten more than enough to pay such
interest, and that none of the inferior lien holders or unsecured
creditors can be injured by such payment, inasmuch as the first
moitgage has priority under any circumstances, and in view of
the improved prospect of realizing a steady increase of net
income, it is believed that such a loan would be advantageous to
all parties concerned.
The court is therefore asked to make the
necessary order authorizing such loan.”
creased
PAYMENTS ON FLOATING DEBTS,
ETC., INCURRED PRIOR TO NOV.
Rolls and wages
18,’1876.
$291,541
:
Mileage balances
9,219
*
Ticket balances
34,615
Freight balances and charges paid to connecting lines
30,135
9,168
Taxes.
1,297
Depot expenses
Transfers at St. Louis and Louisville.. .=.
Union
Rents
Stock killed
Interest on loans frum National Trust
son
37,161
2,965
720
Co., and Smithere and Wat¬
1,263
$100,00), each
payable, notes favor Barney & Smith Manufacturing Co
7,595
Supply bills for six months previous to receivership, authorized to
be paid by court, $239,038, ©f which have been paid
110,361
Sinking fund of second consolidateu mortgage, uct. 1, 1876
14,000
Interest on income, W. D. bonds
$140
Interest on second consolidated mortgage bonds
3,535—
3,675
50 per cent of $25,000 loan of First National Bank of Springfield, Ill.
12,500
50 per cent of $.10,000 loan of C. A. Beecher
5,000
Sundry payments
32,359
Bills
$604,080
Add payments on
1,594,114
accounts accruing during receiver’s term
$2,198,195
Total
EARNINGS AND OPERATING EXPENSES FROM NOV.
18, 1676, TO APRIL 30,
1877,
MAIN LINE.
Earnings—
$336,879
942.022
From passengers
From freight
From express
From mail..
Montgomery & Eufaula Railroad be sold on the 1st day of
the highest bidder.
Ohio & Mississippi.—The receiver, Mr. John King, Jr., has Less transfers
made a report to the courts for the period from Nor. 18,1876, to
Total earnings
May 17,1877. He gives the gross and net earnings to April 30,
Operating expenses, less transfers
1877. From his report we condense the following:
The entire amount of recognized obligations of the railway
Surplus
October next, to
—
21.813
31,351
—
115,884
...
-
„
$1,338,066
$1,222,182
as
aboye
978,854
$248,827
*
June 23
1877.]
1THE CHKuNICLE
SPRINGFIELD DIVISION. FOR SAME TIME.
Earnings—
From
From
From
From
passengers
$]8,G07
123,866
freight
express
3,192
mail
Total
5,997
earnings.
Operating expenses
Deficit...
...
$181,664
182.751
$786
—It is understood that an application of the receiverlo the court
for permission to issue certificates and borrow money to pay
interest on the first mortgage bonds was refused ; the court hold¬
ing that stockholders and second mortgage bondholders should
raise the funds necessary to pay that interest, if they wished to
prevent a foreclosure under the first mortgage. It is difficult,
certainly, to
see
what good would be accomplished by issuing
certificates having a prior lien,-in order to pay first mortgage
interest.
The earnings of the road have all been applied to tbe
payment of various floating debts, and to issue receiver’s certifi¬
now would only seem to be starting on a course which
might place the property in the dangerous position into which
several other railroads have fallen, where the earnings have
been spent for every purpose except to pay mortgage interest,
and the certificates have finally increased to such an extent that
the road would not sell for enough to pay the face of them.
The report of the receiver is somewhat unsatisfactory in not
giving more information as to the items of receipts. The gross
earnings of the road were $1,404,140, but the total amount coin¬
ing into the receiver’s hands was $2,238,431; and we have no
account of the source from which the balance of $834,285 was
received, as the cash on hand, when the receiver took possession,
was of
insignificant amount. If temporary loans have been
cates
591
for years to come). Nearly $3,000,000
these unfinished works.
The outlay in
have been spent upon
this direction, though
extravagant and unnecessary, will in the end prove valuable.
The outlying wards had to be placated, and lines of gas posts
stretch out into the country in various directions, quite as much
needed as some extensions you have up North and East rivers.
But the most foolish of all expenditures was in the line of street
improvements. The new wards demanded paved streets, and as
the old wards had years ago paid for their streets by special tax
upon the property benefited, the new wards asked for a loan of the
city credit, agreeing, under a new law passed by the State Legis¬
lature, assessing the cost of the improvement upon tbe front foot
(». e., upon 120 feet deep), payable in ten annual instalments, to
redeem the bonds issued.
This, it was claimed, would place all
streets, old and new, upon the same basis.
These improvements were begun during the wooden-pave¬
ment furor.
Contractors, middlemen, real estate speculators,
impecunious councilmen, rogues and fools combined to push
ahead the worthless street improvements until the city had
“
issued
streets
five millions of these ten-year
bonds. Before the
fairly finished, and the Commissioners in charge
(always property-owners on the line of the streets being built)
over
were
had handed them
assessment on the
over
to the
city,
as
completed and ready for
property adjoining, the collapse came, specu¬
lation vanished into thin air and
nobody wanted to
pay.
A
speculative Councilman, Commissioner and high flyer in real
estate, declined to pay his assessment. A case was made up,
decided in favor of the city in the lower courts, but to the
astonishment of property-holders and consternation of city
officials, the Supreme Court of the State, by a majority decision,
decided the Penn Avenue Act unconstitutional, and under the
provisions of that Act all the improvements had been made.
made or receiver’s certificates issued, the bondholders should What was the result ? The
regular revenues were barely large
have knowledge of that fact. Again, there is no statement of enougffto meet liabilities, assessments for tax
purposes frequently
total outstanding liabilities on May 17, 1877 ; it is said that of larger than the
panic value of property, the time for the annual
old liabilities, accrued prior to November 18, 1876, there still assessment was allowed to
pass by in the flurry, without levying
remain unpaid $797,655 ; but whether this is the total amount of the additional taxes
required to meet the interest on the street
floating obligations now unpaid is not stated. If the first mort¬ bonds, and on some temporary interest loans that had been
gage interest is not paid in July, the bondholders will make a made while the improvements were in progress.
“A contest arose between the old wards and the new.
great mistake if they do not take immediate steps to protect their
The old
rights. In the present case of a valuable property, such as the wards determined that the burden Bhould lie on the property
Ohio & Mississippi Railway, which is abundantly good for a benefited, the new,
rejoicing under the Supreme Court decision,
much larger amount than the first mortgage bonds, no policy is determined to keep it off.
The first party anxious to preserve
more likely to be
damaging to first mortgage bondholders than the credit of the city, were willing to issue new temporary loans
that of delay—waiting tor a pile of obligations in the shape of to meet the interest
falling due, hoping at the next session of the
receiver’s certificates to be run up, which take precedence of the Legislature to have an act passed that would meet the require¬
first mortgage lien, and for the character and value of the
prop¬ ments of the courts, i. e. a tax upon the property benefitted,
erty to ruu down under the almost inevitably baneful influence of instead of upon the front foot. The second party wishes to levy
a receiver’s
possession, however good a man the receiver may be. a general tax, demanding at the same time a reduction in assess¬
According to tbe receiver’s report, there are already claims for ments on their unsold building lots to the value of farm lands.
This party have had strength enough thus far in the Council
$273,000 which come before the first mortgage bonds, viz.,
$213,000 for taxes in Illinois and $60,000 for right of way on the Chambers and the executive rooms, where a quarrel has broken
Louisville Branch.
And there is also the large amount of out between the Major and Comptroller, to prevent any adjust¬
$797,655 of various floating obligations which will be paid before ment of the difficulties. We assure you that the better class of
mortgage interest, if tbe bondholders remain indifferent and per¬ business men feel the reproach of semi-repudiation very deeply,
mit i:.
The gross earniDgs for five and a half months under the and have been pressing upon the city officials to come to some
receivership show a decrease of about $180,000 from those for the speedy settlement of affairs. The city attorney decides, or seems
same time in 1875-6.
to, that another tax levy cannot be made before January next.
We
Philadelphia & Reading.—At the meeting of the bondhold¬ 6 have not ceased to urge the issue of temporary loan bonds at
per cent.
Befjre the decision of the court in regard to the
ers, held in London, Juue 6, the following resolutions were, after
street issues, these short 6s were selling at 104(5)105, and had
some discussion,
adopted: “That with a view to relieve the
present position of the Philadelphia & Reading Railroad Com¬ councils promptly met ihe disaster, determined to preserve the
pany, and give time for payment of its floating debt, this meeting city’s credit, that price could have been maintained. Now, by
their folly, we are fast losing both character and credit.
approves the following plan : 1. The drawings on the improve¬
“
We have given you a hasty and imperfect account of the his¬
ment mortgage bonds and general mortgage bonds
of the Phila¬
tory and present status of our city’s affairs.
delphia & Reading Railroad Company, and the consolidated
“There is a bill now pending in councils for a temporary loan,
mortgage bonds of the Perkiomen Railroai Company, to be sus¬
pended each for four years from and including the next drawing defeated a week since for want of the requisite two thirds, but
appointed to be made thereon, or such shorter time as may be another attempt will be made soon. Meantime, there is talk of a
necessary to pay off the floating debt. 2. Oue-half of the coupons gathering of bank officers and business men to influence the
on the said
Philadelphia & Reading general mortgage bonds and councils to act.”
Perkiomen Railroad Company consolidated mortgage bonds for
Union Pacific.—The Omaha Herald of 14th instant gives an
three years from the due date of and including the current account of a suit
before the U. S. courts, viz., Thomas Wardell
coupons, to be paid in cash at maturity, the remaining half to be vs The Union Pacific
Railroad, Company, the Wyoming Coal &
represented by five years’ scrip now to be issued, bearing interest Mining Company and others. The object of the suit is to enforce
at 6 per cent, and convertible, at the holder’s
option, into 7 per a contract made in 1868 and subsequently assigned to Wardell
cent income
mortgage bonds of the company, and payment of alone, to supply the Union Pacific Railroad with coal for fifteen
such remaining half to be deferred until the scrip comes due.
years on a sliding scale of prices, and to recover $1,300,000 for
3. Coupons, when the one-half is paid in cash, are to be deposited coal
already delivered. The railroad claims that the contract is
with trustees as security for holders until full payment. 4. Two
void, alleging that certain of its officers and directors were per¬
persons to be named by the meeting to be trustees for bond¬ sonally interested in it, to the
injury of the Union Pacific stock¬
holders. 5. Trustees to have power to terminate the suspension holders.
of drawings and of payment of second half of coupons, if cir¬
Utica Ithaca & Elmira.—The annual meeting of stockholders
cumstances in their j udgment require it. 6. All the other details,
and the necessary deeds for carrying the plan into effect, to be was held at Elmira on the 13th inst., and directors for the ensu¬
settled by trustees according to their discretion.” The meeting ing year were elected as follows: Franklin C. Cornell, Joseph
selected Messrs. Powell, R. Potter and R. McCalmont as trustees. Rodboum, F. N. Drake, H. V. Poor, A. A. Marsh, J. V. French,
G. J. Rice, H. F. Benton, J. H. Rodboum,
D. Reynolds, H. W.
Pittsburgh City Finances.—In reply to a request for infor¬ Poor, H. H. Sturgis, J. B. Kiddoo. The D.
following officers were
mation, we have the following somewhat graphic statement from afterwards elected:
Henry W. Poor, President; Joseph Rod
a welhkuown firm in
Pittsburgh, under date of June 20 :
bourn, Vice-President and General Manager; M. W. Gerot,
“Some years ago, the ‘consolidation fever’ broke out here, and
Treasurer; D. S. Greenough, Secretary.
a number of smaller and
larger boroughs were ‘ annexed* to the
old city, adding at least 50,000 to the number of its population.
Western Railroad of Minnesota.—This railroad has succeeded
Some of these were voted in against their consent, others with it. to all the forfeited rights, titles and franchises of the St. Paul &
Immediately the old city felt larger and richer, and the new Pacific Railroad Company, and on the 29tli ultimo commenced
wards began to clamor for water, gas and street improvements, work at Brainerd, which is to be pushed right along until com¬
to place them on an
equality with the older wards. New water pleted at the time specified in the contract, September 15. This
works were undertaken on a grand scale, and contracts made road will give Minnesota direct communication with the great
When labor and material were at their zenith—(instance—: miles valleys of the Red River of the North and the Missouri, and
of immense water mains, that cost $85 per ton, now worth about shorten by about 109 miles the route to the Black Hills via St.
$40, are lying unused in vacant yards, and likely to remain so Paul and Bismarck.
-
“
•
[June 23, 1877.
THE CHRONICLE.
592
COTTON.
^Ll)c ‘Eommcrctal ®imc0.
Friday, P. M„ June 22, 1877.
The Movement of the Crop, as indicated
COMMERCIAL EPITOME.
by
our
telegrams
to-night, is given below. For the week ending
(June 22), the total receipts have reached 8,526
The general markets are without activity, and yet a fair trade
bales, against 8,526 bales last week, 9,390 bales the previous
is going and a cheerful feeling pervades mercantile circles.
week, and 9,669 bales three weeks since, making the total receipts
This is partly due to the generally favorable reports of the con¬
since the 1st of September, 1876, 3,932,137 bales, against 4,047,550
dition and prospects of the crops, which are received from nearly
bales for the same period of 1875-6, showing a decrease since
all sections of the country. It may be noted, however, that the
Sept. 1, 1876, of 115,413 bales. The details of the receipts for
speculative depression of values for Western staples seems to this week (as per telegraph) and for the corresponding weeks of
have reached its limit, and more confidence is felt in the future,
five previous years are as follows :
without, however, any marked buoyancy of tone.
There has been a speculative advance in pork and lard, which
1873.
1877.
1875.
1874.
1872.
1876.
Receipts this week at—
yesterday exhibited considerable vigor. Mess pork advanced to
2,765
3,684
1,855
1,599
1,194
4,067
$14 50 on the spot, and sold at $14 35(5)14 50 for August and New Orleans
73S
152
465
609
172
Mobile
£75
$14 50@14 60 for September; but to-day there was a reaction
443
445
Charleston
208
1,213
and the closing bids were : $13 85 for July, $14 for August, and
Pori Royal, &c
110
301
1,198 1,526
$14 10 for September. Lard yesterday advanced to $9 35(39 50 Savannah
463
1,775
1,041
1,505
2,177
1,257
for prime Western, new and old, on the spot, with contracts at Galveston
552
615
813
1,638
244
693
41 j5S
$9 42^@9 50 for August, and $9 10 for all the year ; but to-day Indianola, &c
3,439
1,955
4,848
1,920
2,719
1,330
lard on the spot was quoted at $9 15^5)9 25 for new and old, and Tennessee, &c
Florida
11
8
21
366
futures sold at $9 27£ for August and $9 for all the year. Bacon North Carolina
54
53
209
379
319
151
has been dull and nominal at 7@7^c. for long clear, but there Norfolk
517
3,261
3,751
2,816
1,002
1,428
257
22
60
1(8
121
286
have been liberal sales of picked rib bellies, medium weights, City Point, &c
at 6|@7c.
Beef and beef hams sold slowly at old prices. Butter
Total this week
10,493
8.777
8,526
9,708
12,480
17,636
has been dull and drooping ; less doing for export. Cheese has
Total since Sept. 1.... 3,932,137 4,047,550 3,451,826 3,752,566 3,485,771 2,682,296
declined to 8@10|c. for fair to choice factories. Tallow has
remained quiet at 8c. for prime.
The exports for the week ending this evening reach a total of
Kentucky tobacco has been more active, at full prices, and the 27,606 bales, of which 17,771 were to Great Britain, 4,062 to
market seems to be in improving condition.
The sales for the France, and 5,773 to rest of the Continent, while the stocks as
week are 700 hhde., of which 500 were for export and 200 for made
up this evening are now 263,291 bales.
Below are the
consumption. The movement in seed leaf has been smaller, but stocks and exports for the week, and also for the corresponding
prices are well sustained. The sales reported are only 629 cases, week of last season:
as follows: 200 cases sundries, 5@18c.; 200 cases New
England,
Stock.
crop of 1875,10, 15, 30 and 40c.; 21 cases New England, crop of
Exported to
Total
Same
Week ending
1874, private terms; 28 cases State, crop of 1875,9c.; 60 cases
this
week
Great
Conti¬
June 22.
France
1877.
1876.
week.
1876.
Pennsylvania, crop of 1875, 25c.; 53 cases Wisconsin, crop of
Britain.
nent.
1873-’74-’75, 5, 9 and 91c.; 50 cases Wisconsin, crop of 1874-75, New Orleans*....
8,829
4,062
18,546
12,859 75,616 80,931
5,655
91c. The movement in Spanish tobacco has been limited, and Mobile
8,299
3,962 11,488
we have only to notice 450 bales Havana at 78c., 80c., $1 05(5)1 10.
Charleston.
5,941
2,681
3,306
2,556
4,019
In Brazil coffees a very good business has latterly been done, Savannah
3,306
7,994
1,448
and full firm figures rule: fair to prime cargoes quoted at 16f@ Galvestont
New York
118
3,435
7,631 130,561 162,933
3,603
201c., gold. Stock on the 20th inst. in first hands, 125,337 bags Norfolk.
4,024
7...
5,941
Mild grades also have sold quite freely at late figures.
here.
Other ports^
2.190 33,000 31,000
2,151
2,151
Recent sales of 5,760 bags Maracaibo, 1,645 bags Laguayra, 4,242 Total
this week..
17,771
4,062
7j 7?^ 27,603 26,642 263,291 305,141
bags Costa Rica, and 543 bags Savanilla, in lots for consumption Total
since Sept. 1 2,070,543 447,981 427,671 2,946,200 13,086,154
'Rice has been steady and moderately active. Molasses has shown
JNew Orleans.—Our telegram to-night from New Orleans snows that (besides
further declines, with business very slow : 50-test Cuba refining, above exports) the amount of cotton on shipboard and engaged for shipment at
that
port
as
For Liverpool, 3,50U
for
45c.
Raw sugars have been very dull, with prices easy and de¬ Continent,is 5,000follows:for coastwise ports, 500hales; for Havre,57,ISO bales;from
bales;
bales; which, if deducted
the stock, would leave 59,00tl bales,
clining : fair to good refining Cuba, 9f(a91c. The movement in presses unsold or awaiting orders. representing the quantity at the landing and in
from the South
Friday Night, June 22, 1877.
*
this evening
}
?
•
•
*
•
•
...
....
....
....
....
....
....
•
.
....
•
•
•
•
.
.
#
•
•
•
•
•
•
....
....
....
•
.
..
....
....
....
....
i1
1
■
1
i
....
*
raws
has been
as
follows:
t Galveston.—Our Galveston telegram shows (besides above exports) on shlDport, not cleared: For Liverpool, 2,4',5 bales; for other foreign,
bales; for coastwise ports, no bales; which, if deducted from the stock,
w°uld leave remaining 12,065 bales.
$ The exports this week under the head of “other no’-ts’’ include from Balti¬
more, 437 bales to Liverpool; from Boston, 1,714 bales to Liverpool.
board at that
Hhds.
63,906
54,023
Boxes.
14.206
Bags.
151.855
16,800
3,050
] 32,458
80,110
101,129
.102,397
18,093
49,317
204,203
203,769
,
.
6,937
Melado.
670
2.095
670
no
2,(95
4,471
From the
foregoing statement it will be seen that, compared
Refined, also, is dull and easy: crushed, 12@121c.
corresponding week of last season, there is an increase
The business in ocean freights has shown an’improvement; in in the exports this week of 964 bales, while the stocks to-night
charter room especially, rates are without special changes, and are 41,850 bales less than they were at this time a year ago.
The following is our usual table showing the movement of cotton
no new points of interest can be reported ; the charter
inquiries
are wholly for petroleum vessels.
Late engagements and char¬ at all the ports from Sept. 1 to June 15, the latest mail dates:
ters include : Grain to Liverpool, by steam, 4d.; provisions, 20@
RECEIPTS
EXPORTED SINCE SEPT 1 TO—
403. ; grain to London, by steam, 6i. ; hops, 7-16d. ; grain to
CoastSINCE SEPT. 1.
PORTS.
Stock
wise
Other
Great
Bristol, by steam, 6fd. ; do. to Glasgow, by steam, 4d.; grais to
France
Total. Ports.
1876.
1875.
Britain
forei’n
Cork for orders, 4s. 6d.; refined petroleum to Galway, 4s.; do. to
Newcastle, 4s.; do. to London, 3s. 7-frd.; do. to Bremen, 33. 7^d.. N. Orleans. 1,171,918 1,378.172 659,426 315,760 176,611 1151,797 160,244 92,113
355,665 367,292 145,597 25,163 42,897 213,657 138.804
10,805
do. to the Baltic, 4s. 4|d.@4s. 6d.@4s. 7d.@4s. 9d. ; do. to Trieste, Mobile
467,343 407,666 221,616 50,679 72,499 344,794 104,983
2,834
Charlest’n *
5s.@5s. 3d. ; do. to Cadiz, in cases, 25^c., gold ; do. to Java, 30c., Savannah.. 470,696 510,860 210,209
5,825
14,742 50,052 295,003 136,337
gold ; do. to Corfu or Patras, 27^c., gold; naphtha to London, Galveston*. 498,759 474,196 203,630 24,774 25,412 253,816 238,042 15,484
4s. 3d. To-day, business was dull and rates unchanged ; grain New
120,414 195,799 350,590
York..
141,175
8,683 26,630 335,89S
to Liverpool, by steam, 4d.; cotton, by sail, 3-16d. ; grain to
20,373
Florida
20,373
12,045
Glasgow, by steam, 44@4fd.; tobacco, by steam, to Loudon, 30s.; N. Carolina 128,068 101,319 23,357 2,511 10,606 36,474 90,092
1,602
grain to Cork for orders, 4s. 10£d.; refined petroleum to Bremen, Norfolk*
9,COO
547,991 483,757 109,G92
1,602
1,221 112,515 426,907
3s. 6d.; cases to Beyrout or Alexandria, 34c., gold.
Other ports
30,500
142,378 105,951 108,660
15,980 124,040
The naval store market has remained steady, with a moder¬
2052,777 443,919 421,895 2918,594 1325,732 309,338
ately fair business; spirits turpentine closes at 31(5)314c., and Tot. this yr. 3,923,611
common to good strained rosin $1 90@$1 95.
Petroleum shows Tot. last yr.
4,037,057 1953,409 421,768!C84,335 3059,512 U'92,069 326,667
marked weakness and decline, with business reported slow ;
Under the head of Charleston is included Port Royal, &c.; under the head of
crude, in bulk, 6^c., and refined, in bbls., 13c. American pig Galveston Is included Indiauom, &c.; under the head of Ncrjolk is included City
iron continues dull and nominal at $19(5)$20 for No. 1, and $18@ Point, &c.
$19 for No. 2 ; sales 500 tons at these ranges. Scotch pig is
These mail returns do not correspond precisely with the total of
lower, with 150 ton3 Coltness sold at $27 50, and 100 tons Glengarnoch at $25 50. Ingot copper firmer, with 300,000 lbs. sold, the telegraphic figures, because in preparing them it is always
part for July, at 20£@20fc. Whiskey is dull at $1 114, tax paid. - Decessary to incorporate every correction made at the ports.
with the
,
«
»
•
•
•
.
•
•
•
....
••«
«
....
..
....
........
*
0
.
...
•
•
•
June
23, 1877.]
THE CHRONICLE.
&
The market for cotton
the spot has been without
important
feature the past week,
except a material increase in business for
home consumption. A decline of
l-16c. on
on
Tuesday, and
Wednesday there
on
in which the medium and low
lows : Strict low
bales.
was a
grades
revision of
marked up as fol¬
were
hour.
Latterly, Liverpool accounts have
accounts improving, but in view of
the
drooping and crop
rapid reduction of stocks
02 9.86
slight decline
a
was
readily
The weather is, as
reported at the Cotton
and dry.
To-day, the market
advices, but
recovered.
Exchauge, again cool
opened weak under dull
foreign
soon
recovered, closing feverish and unsettled.
The total sales for forward
delivery for the week are 181,900
bales, including — free on board. For immediate
deliverv the total
sales foot up this week 6,035
bales, including 255 for export,
5,551 for consumption, 229 for
speculation, and
in transit. *
Of the above, — bales were to
arrive.
The
following tables
show the official quotations and sales for
each day of the past
week:
UPLANDS.
New Classification.
ALABAMA.
N. ORLEANS.
TEXAS.
Sat. Mon.
Sat. Mon. Sat. Mon. Sat.
Mon.
J*ne 16. J’ne 18. J’ne 16. J’ne 18
J’ne '6. J’ne 18. J’ne 16. J’ne 18.
n>. 10 1-15 10
10 1-16 10
10 3-16 10*
10 3-16
10 7-16
10
Ordinary
Strict Ordinary
10*""“
7-16 10*
10*
10 9-16 10*
10 9-16 10*
Good Ordinary
10 13-6 10*
10 13-16 10*
10 15-16 10*
10 15-16 10*
8trict Good Ord’ry. 11 1-16 ll
11 1-16 ll
11 3-16 11*
11 S—16 11*
Low Middling
11 3-16 Ilk
Ilk
ll 8-16 11*
ll 5-15 11*
ll 15-16
Strict Low Middl’g iik
11 7-16 Ilk
11 7-l6 11*
ll 9 16 11*
11 9-16
..
Middling
ll 11-16 11*
15-16 12
3-16 1.2k
9-16 12*
Good Middling
12
Strict GoodMiddl’g 12k
Middling Fair
11
12
12
13
12*
13*
Fair
5-16
11 11-16 11*
11 15-16 12*
:2 3-16 12*
12 9-16 12*
13 5-:6 13k
;
13*
11
12
12
12
13
13-16 11*
1-16 12*
5-16 12*
11
11
12
12
13
11-16 12*
7-16
13k
13-16
1-16
1-16
11-16
7-16
TuesWed. Tues Wed Tues Wed. Tues
Wed.
J’ne 19.
J’ue
*
I9.jj’ne20.
J’ne 20 J’xie 19 J’ne‘20. J’ne 19.
J’neiO
Ordinary
ft. 10 1-16 10 5-16 10 1-16 !0 5-16 10
3-16 !0 7-16 10 3-16 10 7-16
Strict Ordinary
10 11-16 10 7-16 10 11-16 10 9 16 10
13-16 10 9-16 10 13-16
Good Ordinary
10 13-16 l'J 15-16 10 13-16 10 15-16 tO 15-16 11
1-16 10 15-16 11 1-16
Strict Good Ord’ry. 11 1-16 11 3-16 11
1-16 11 3-16 11 3-16 ll 5-16 11 3-16
11 5-16
Low Middling....
Ilk
11*
Ilk
11*
U*
1’*
Strict Low Mlddrg Uk
11*
11*
11 9-16 iik
11 0-16 U*
11 11-16
Middling
11*
Good Middling
12
Strict Good Mlddl’g 12k
11*
,12
12 k
13*
:s*
Middling Fair...... 12*
Fair
U*
FrI.
12
12k
12*
•3*
12*
Tb.
-
ll*
12
12k
12*
3*
Th.
Frl.
ll*
12*
12*
12*
■3*
ll*
11*
n*
12*
12*
12*
13*
Th.
• 11 11-16
12*
12*
12*
13*
Frl.
11*
12*
12*
12*
»3*
300
1,600.
1.700
1,6C0
1,900
400
600
HO..;.
100
ft. 10
10
10
Strict Good Ord’ry. 11
Low Middling
Strict Low Middl’g
Middling
5-16
11-16
15-16
3-16
10
10
10
1)
5-16
10
11-16 10
15-16 10
3-16 11
U*
lltie Uli.
{}* ii*
Good Middling
Strict Good Middl’g
iik
Middling Fair
12*
Fair
1'*
5-16
11-16
15-16
3-16
10 5-16 10 7-16 10
10 11-16 10 13-6 10
10 15-16 11 1-16 11
! 1 3-16 ll 5-16
ll
Th.
11*
11 9-16
11 9-16
11*
11*
12
12
12k
12*
13*
12k
12*
13*
12k
11*
10
10
11
11
ll*
7-16
13-16
1-16
5-16
UK
11 i1—16 11 11-16 11 11-16
11*
11*
12*
12*
12*
12*
12*
13*
7-16
13-16
1-16
5-16
12*
12*
13*
11*
12*
12*
12*
13*
.3*
10
10
11
11
7-16
13-16
1-16
5-18
ill.-,*
J’ne 16. J’ne 18. J’ne 19. J’ne 20.
9 11-16 9*
10 5 16 10k
10 9-16
10*
..
Middling
11*
Closed.
12*
18 k
11 1-16
Ex¬
Con-
Saturday.. Dull, unclianeed..
Monday... Quiet, st’uy.lower
Tuesday
Quiet, higher
Wednesday Firmer,rev.quot’s
Thursday.. Firm, unchanged.
Friday...... Firm, unchanged
9 11-16 9 15-16 9 15-16 9
15-16
10 5-16 10 9-16 10 9-16 10 9-16
10*
10*
:o*
ilk
11*
336
172
4)3
Ilk
10*
Ilk
FDTUBE8.
Total.
Sales.
336
412
408
1.962
Deliv¬
eries.
32,900
949
188
41
5,551
229
27,500
37,800
400
500
900
700
500
900
6,035
181,900
3,900
27.100
29,000
28.100
1,903
691
253
Total
255
sit.
....
1,~74
1,867
.
..
For forward
delivery, the sales (including
free on board)
have reached
during the week 181,900 bales (all middling or on
the basis of
middling), and the following is a statement of the
sales and prices:
For June,
bales.
_
bales.
ctR.
100 8.n. 23d .11-54
100
....11-55
1*030
11*53
1.100
11-59
n»s.n. 23d..11-59
200
200
1C'»
200
800
400..
30J
100
500..
100.
103
u-60
i:-61
Il*c3
n-t>4
ii*65
u-66
11*67
11-fii
1 i*:n
11-71
li*72
*79
1:
cts.
1,'00
11-65
707
900
a in
2,500
3, COO
Frl.
800
1 700
100
400
400
KUO
200
900..
Ron
For August.
203...
11*70
11*71
11*72
1.(00
l,b00
11*55
4,610
11-73
Bat.
Market closed Firmer,
July
September
October
November...
11-47
11-58
January
February
Tramf. orders.
.
......
Exchange
11-59
11-65
11-74
11-63
11-34
11*21
11*22
11-36
11-51
ll"6S
v
11*73
March
Gold..
lower.
11-66
11-72
11-82
11-76
11-46
11-32
11-33
11-47
11*62
11-77
11-7)
105 k
11-41
.
December
..
..
Quiet,
lower.
11-77
11-84
11-93
11-83
11-57
August
Mon.
Easy,
higher
June
11*89
11‘80
105
4 65k
Stock&tLondon•••»••»«
Stock at
4‘85k
•••••••••
Hamburg
8J0.
11*30
2(0
300
100
500
11*81
11 "82
11-33
11-84
11-88
US9
11-90
22,200 total Sept.
For October.
401
11*34
11-65
11*67
11-73
71* 79
2,200
September.
-
700
Thurs.
Frl.
Qui°t,
Quiet,
Time
Easy,
lower.
4
105%
85k
Irregular. change
4-3j%
1,030,000
45,750
10,000
52,000
17,000
70,250
58,500
11,500
...
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
11*64
11*71
11*62
11*75
11*44
11*27
11*28
11*43
ll 53
11*13
11 70
11*67
11*70
105%
105%
11*63
11‘68
11*78
11*72
11*38
11*22
11*23
11-37
11*52
105%
4*85%
4 35%
1876.
1875.
1874.
991,000
107,500
960,009
131,250
1,098,500
1,091,250
171,500
8,250
83,250
16,500
42,750
39,500
10,030
4,250
18,000
156,000
14.000
1,028,000
51,000
1,079,000
182,750
8,000
90,250
15,000
75,500
24,000
43,500
87,760
16,003
52,500
63,000
15,500
18,750
25,500
466,253
471,253
394,000
483,850
1,550,200
1,492,500
1,575,100
632,000
655,000
212,003
48,000
216,763
20,206
1,003
208,000
56,000
246,370
41,063
2,617,469
7,750
Stock at other continental ports.
Total continental ports
Total European stocks
1,512,000.
Europe.... 342,000
American cotton afloat for Europe 240,000
Egypt, Brazil, &c.,afloat for E’rope 24,C00
Stock in United States ports
8tock in U. S. interior ports
253,291
26,254
4,000
437,000
194,000
26,000
305,141
40.43S
2,003
-
29,00®
13,000
41,000
.baies.2,441,545
2,554,829
.
U-3g
•
• •
•
2,781,533
Of the above, the totals of American and other descriptions are as follows :
American—
Liverpool stock
657,000
Continental stocks
603,000
337,000
194,000
305,141
40,438
2,000
598,000
192,000
462,000
382,000
249,000
263,291
26,254
4,000
212,000
208,000
216,763
20,206
1,000
246,87
41,063
bales.1,572,515
1,431,579
1,239,969
1,258,4a
373,000
45,750
425,000
393,000
107,500
498,000
131,250
84,250
842,000
24,000
134,250
437,000
26,000
202.000
632.000
184,850
655,000
56,000
869,o:o
1.572,515
3,073,250
1,481,579
1,377,500
1,239,969
1,525,100
1,256,438
Total visible supply....bales.2.411,545
Price Mid. Uplands, Liverpool.5.. 6 3-lGd.
2,554,829
2,617,469
2,781,533
6 3-16d.
7 7-16:1.
8*d.
American afloat to
Europe
United States stock
......
United States interior stocks
United States exports to-day
Total American
299,000
....
East Indian, Brazil, dbc.—
Liverpool stock
London stock
Continental stocks
11-96
11-97
For
400
Wed.
11*63
lt-69
11-80
11*73
11-39
11-23
11-24
11-38
11-53
11-od
tl-70
Total Great Britain stock....
1,075,750
11-95
80,300 total Aug.
Tues.
Quiet
Firm,
higher.
11-66
11-75
ll*8.i
11-79
11*45
11-29
11-31
11*46
11-60
11*75
11-70
1877.
1,100
1,200
during the week:
11-60
Stock at Liverpool
1,400
4 J00
3,60J
1.100
1,500
100
100
200
; 00
500 total March,
brought down to Thursday evening: hence, to make the totals the
complete figures for to-night (June 22), we add the item of
exports
from the United States,
including in it the exports of Friday
only:
Total American
1.0 jO
made
11*73
OF COTTON,as made
up by cable and
follows. The continental stocks are the
figures
of last Saturday, but the totals
for Great Britain and the afloat
for the Continent are this week’s
returns, and consequently
500
300
2,500
....17*33
11*40
11*72
11*71
11-75
as
11*76
11-79
11-cO
.11*31
11*82
11-83
11-84
11**5
11-84
11*37
11-38
11-89
11-90
11-94
6,50 J
January.
105%
4-85%
Egypt, Brazil, &c., afloat
6.0.0
3 000
For March.
100
1U0
103
200
The Visible Supply
telegraph, is
11-7!
11*72
11-78
11-74
11-75
11-76
11-77
1,700
2,100
3,600
8.900..
1,0X1
For
400
500
11*56
300 total Feb.
-
u
February.
MIDDLING UPLANDS—AMERICAN
CLASSIFICATION.
11-70
3,6'Ju
10,60)
For
3)0
The
following will show the closing market and prices bid for
future delivery, at the several dates
named:
400
11-72
11*73
11-74
..11-75
11*75
11* .7
11-78
11-79
11-80
:. .11-31
1-35
11-36
ll*o7
2,000 total Jau.
July for Aug.
July for Aug.
1,500
•
11*49
4,700 total Dec.
following exchanges have been
tl pd. to exch. 309
‘05 pd. to excli. 5u0
11*77
11-71
11-63
11-64
The
£00
■
1,201).
700
900
•
12,500 total Nov.
cts.
2,600
1,400
2,300
11
17,000 total Oct.
11-68
17-69
3,800
37,300 total July.
n-61
U-62
209
S0J
1,200
1,0 0
3.500
900
500
U-32
11*83
11-35
11-3)
20
bales.
3,1 Ud
3,OIK)
5,100 total June.
1,400.
1.400
1,000
cts.
11*44
1.0J0
11*27
11*29
11-30
11*33
11*34
560
112S
11*.9
11-30
11*31
600
11-60
500..
11*27
200
cts.
11-74
11*75
11*76
11-67
11-C3
Uv9
11-70
4 JO
For July.
bales.
»
2.010
700
400....
100
20(1
Total visible supply..
Spec- Tran¬
suinp. ulat’n
..
2,20)
United States exports to-day
Th.
Frl.
J’ne2i. J’ne2i.
SALES OP SPOT AND TRANSIT.
port.
11*28
11-24
11-25
11*26
bales.
MX)
12*
MARKET AND SALES.
Spot Market
2l)0
100
700
India cotton afloat for
Sat. Mon. Tues Wed.
Strict Good Ordinary
Low Middling
11-22
For December,
bales.
cts.
100
11-20
400
11-22
300
11-23
700
11-24
400
11*25
200
11-25
11*
12*
STAINED.
Good Ordinary
3,400
Stock at' Marseilles
Stock at Barcelona
Frl.
J’ne21. J’ne‘^2. J’ne 21. J’ne 22 J’ne 21. J’ne
22. J’ne 21. J’ne 22.
Ordinary
V
Strict Ordinary
Good Ordinary
11*34
11*39
11*40
U-41
11*42
11*43
11-44
11-15
11-46
11-47
11-48
11 50
.ll'.iS
3,COO
1,90)
of
speculative manipulation, with fluctuations from
day to day
and even from hour to
11*36
11*37
400
800
50J
100
quotations,
For November,
bales.
cts.
100
11-20
1,300
11-21
cts.
600,...
Monday was recovered
middling advanced l-16s.; low middling, strict
good ordinary and good ordinary advanced
£c.; strict ordinary
and ordinary, £c.;
middling and above unchanged. Stained good
ordinary and strict good ordinary advanced
£c.; low middling
and middling advanced
-^c. To-day, there was less
doing, owing
to a falling off in the demand
from home
spinners, but prices
were very firm.
For future delivery there has been a
good deal
been
593
on
India afloat for Europe
Total East India, &c.
51,000
43,000
.
These
figures indicate a decrease in the cotton in sight to-night
of 113,284 bales as compared with the same dale of
1876, a
decrease of 175,924 bales as compared with the
corresponding
date of 1875, and a decrease of 339,983 bales ae
compared
with 1874.
At the Interior Ports the movement—that is the
receipt*
and shipments for the week and stock
to-night, and for tho
corresponding week of 1876—is set out in detail in the following
statement:
'
.
s
[June 23, lb77.
THE CHRONICLE.
594
ending June 22, 1877.
Week
tr
Week
ending June 23, 1876.
The rainfall is
489
3,658
14,420
240
2,593
1,076
6,232
26,254
1,153
6,769
40,438
6
24
118
26
7
106
322
87
4
145
370
419
815
150
490
76
7
10
242
293
5
9
ISO
416
995
75
322
21
360
278
640
1,398
1,033
Nashville, Tenn...
Total, old ports
Dallas, Texas
Jefferson, Tex. ..
Shreveport, La
Vicksburg,Miss....
Columbus, Miss....
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga—
Charlotte, N.C. est..
8t. Louis, Mo
Cincinnati, O
..
f
.
f
595
547
62
67
t
•
•
•
•
3,508
2,564
1,225
1,271
673
25
r.o
54
60
135
40
743
1,771
2,505
4,876
9.707
2,388
4,063
19,515
1
46
61
1,639
478
35 J
•
•
•
•
1,491
555
230
230
3,774
....
91, and lowest 74.
Montgomery, Alabama.—We have had delightful showers this
week, and the indications are that they extended over a wide
surface.
It has rained on four days, the rainfall reaching sixtyThe thermometer has averaged
seven hundredths of an inch.
80, the highest being 93, and the lowest 71. The crop is develop¬
ing promisingly.
2,858
4,102
1,305
2,378
144
35
22
55
101
779
17
292
301
30
37
66
519
31
Augusta, Ga
Columbus, Ga
Macon, Ga
Montgomery, Ala
Selma, Ala
Memphis, Tenn
82 ; highest
forty hundredths of an inch.
Average thermometer,
healthy.
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
969
27,251
1,575
Alabama.-—'There have been light showers on four
The crop is developing promisingly and the
Selma,
days this week.
5C0
740
193
38
4
219
575
658
29
2,441
25
419
772
926
129
211
4,189
rained on three days this week, to a
and seventy hundredths. The thermometer
has ranged from 78 to 88, averaging 83.
Macon, Georgia.—We have had no rainfall this week. The
thermometer has averaged 73, the highest being 95 and the
depth of one inch
5,441
14,943
2,051
are clear of weeds.
Madison, Florida.—It has
fields
27,274
lowest 46.
Atlanta, Georgia.—It
has rained steadily one day and has been
rainfall aggregating one and twenty-
showery three days, the
eight hundredths inches. The thermometer has ranged from 70
to 88, averaging 77.
Total, new ports
Columbus, Georgia.—We have had warm, sultry, wet weather
10,958 67,712 this week, the rainfall reaching forty-seven hundredths of an
3,204
10,265 45,769
3,464
Total, all
The above totals show that the old interior stocks have inch, and the thermometer averaging 83.
Savannah, Georgia.—The weather has been warm and dry
ieereased daring the week 5,126 bales, and are to-night 14,184
bales less than at the same period last year.
The receipts at the during the week, the rainfall reaching only three hundredths of
The thermometer, has averaged 83, the extremes being
an inch.
same towns have been 77 bales less than the same week last year.
71 and 94.
Weather Reports by Telegraph.—The past week has3
Augusta, Georgia.—We had heavy and general rains the first
continued showery over most of the cotton section. This has four
days of the week, but the latter part of the week has been
been a great benefit to some portions of the South, but in other clear and pleasant. The crop is developing promisingly and crop
districts a cessation of the rainy weather is very desirable. accounts are more favorable. The thermometer has averaged
the highest being 93 and the lowest 70. The rainfall for the
From Texas particularly complaints come from this cause, and 80,
week is one inch and sixty-eight hundredths.
rumors of caterpillars, which our correspondents do not think
Charleston, South Carolina.—We have had rain on two days,
are of any importance as yet, though dry weather is greatly
but the rest of the week has been pleasant.
Average ther¬
The rainfall is two
desired. The overflow of the Arkansas River appears to be very mometer 82, highest 93 and lowest 73.
disastrous to that portion of the State, all bottom lands from inches and ninety hundredths.
The following statement we have also received by telegraph,
Pine Bluff to the mouth of the Arkansas being under water.
showing the height of the rivers at the points named at 3 o'clock
Galveston, Texas.—We have had rain on only one day, a
We give last year's figures (June 22,1876) for com¬
shower, but there has been too much rain in the interior. We June 21.
hear rumors of the appearance of caterpillars, but do not think parison:
’76.—%
J une
r-June 21, ’77—»
them of any importance as yet. With this exception the crop
Inch.
Feet.
Inch.
Feet4
is in a very promising condition. Average thermometer 83,
4
4
4
.Below high-water mark...
2
22
4
25
Above low-water mark....
highest 91 and lowest 77. The rainfall for the week is nine
0
4
0
•
r
"
—
^
"
....
....
hundredths of an inch.
Indianola, Texas.—It has rained hard on three days. We ard
having too much rain. Caterpillars are reported, but we do not
attach much importance to the reports. Average thermometer
81; highest 87 and lowest 75.
sixty-six hundredths.
The rainfall is two inches and
showers here on two days,
reaching ninety-six hundredths of an inch. The
Corsicana, Texas.—There have been
the rainfall
prospect is good, but dry weather is wanted. The thermometer
has averaged 80, the highest being 95 and the lowest 67.
Dallas, Texas.—It has rained hard on three days this week, the
rainfall reaching two inches. Average thermometer 79; highest
We are having too much rain. Crops are
88 and lowest 70.
prosperous, but the rains are doing some harm. Wheat is har¬
vested, and the result has been excellent.
Neve Orleans, Louisiana.—It has rained on four days of the
week, the rainfall aggregating one and nineteen hundredths
inches. The thermometer has averaged 81.
Shreveport, Louisiana.—The condition of the crop in this
vicinity is satisfactory and the plant looks promising. We have
had showers on six days, resulting thus far favorably, and there
is a light rain falling this morning. The thermometer has aver¬
aged 83, the extremes being 94 and 73. The rainfall has reached
one and twelve hundredths inches.
Vicksburg, Mississippi.—We have had rain on four days this
week, with a rainfall of one and seventy-three hundredths
inches. The thermometer has averaged 79, ranging from 72 to 92.
Columbus, Mississippi.—Telegram not received.
Little Rock, Arkansas.—The weather at this place during the
week has been warm and dry, excepting Thursday and to-day
(Friday), although there have been several rainy days in
surrounding country. Crops are very favorable outside of
overflowed districts. Average thermometer 81; highest 93
lowest 70.
The rainfall during the week has been one inch
the
the
and
and
fifteen hundredths.
Oakley, Arkansas —The Arkansas River has been higher
this
■week than I ever have seen it. All bottom lands on my side, as
far as I can hear from, are under.
On my place it has'run over
■tfie top of a levee that has always protected the crop. I suppose^ t
hi fully twelve inches higher than ever known here. There
little hope for any of the bottom lands from Pine Bluff to the
mouth.
Nashville, Tennessee.—It has rained on five days this week, the
rainfall reaching two inches and eighty-nine hundredths. The
thermometer has averaged 77, the highest being 87 atd the
lowest 70.
*is
Memphis, Tennessee.—We have had warm, sultry, wet weather
on five days to a depth of two inches and
sixty-two hundredths. There is a light rain falling to-day. We
are having too much rain.
Accounts from the interior are con¬
flicting. Crop accounts are more favorable, but the weeds are
growing so fast that they are becoming troublesome, and extra
labor is sought.
Average thermometer, 80 ; highest, 90, and
lowest, 69. Last week—Average, 71 ; highest, 85, and lowest, 55.
Mobile, Alabama.—It has been showery two days and cloudy
one day, but the rest of the week has been pleasant.
The crop
Is developing promisingly, and the plant looks strong and
this week and rain
.Above low-water mark....
.Abovelow*water mark....
Above low-water mark....
....
....
4
0
21
40
reported below high-water mark
New Orleans
9
14
37
11
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 16 feet above low-water mark at that point.
Georgia Agricultural Department
The
have this week
received the June report of Mr.
Report.—We
Thomas P. Janes,.
Agriculture for Georgia. It is dated the 15th of
June,’ but we believe the information is only to June 1.
He
states that the size of the plant is much below an average, but
the fields are free from grass, and the warm, growing weather will
soon make great improvement in the prospect.
Cut worms have
been very destructive to the young plants, notably in Lowndes
and Macon counties, necessitating planting over a large part of
the crop in. Lowndes.
As to the stands, in all sections, except
North Georgia, the average is given at 93. North Georgia is, we
see, given at 46 only, which must be a misprint, since turning to
the computation by counties, and taking the average of that
section, we find it proves to be 90, if we add up the stand for each
Commissoner of
county
reported and divide that result by the
number of counties
reporting,
last week
that for Memphis,
Cotton Exchange Acreage Report.—We gave
the reports of all the departments, except
which had not then reached us. It will be found below:
west Tennessee (42 Responses).
decreased
Weather: 42
continuous
first
report-weather
6 report increased acreage, 23 about same, 14
J
cent replanted in corn; average decrease, 4 per cent.
report April less favorable than last year, accouct of heavy and
rains ;
1 about same; 41 report May less favorable on account of rains
week, and continued dry, cool weather balance of month ; 2
about same. Cotton stands: 4 report very fine cotton stands, 19 good aver¬
age ; 20 report early planting poor, late planting good. Advancement
crop:
2 report crop earlier, 41 later; averaging 9 days later ihan last year. Laborers:
2 report an increase of laborers, 7 decrease, 34 about same; average 1
decrease; 17 report much improvement in morale of labor; 26 report working
well. Fertilizers: All report no commercial fertilizers used but a small in¬
Cotton Acreage:
2 per
of
percent
crease
in home manures.
Condition of Cotton Crop: 30 report
well culti¬
vated, free of grass and weeds, of which 6 report crops in superior condition;
4 report healthy but grassy; 9 not yet worked—unhealthy; 38 report
ing seriously for rain. Miscellaneous : A few report planting just
nearly all report ground too hard and dry to plow; some little complaint
lice ard cut worms, but less than usual; some complaint of having to replant;
of cool nights and dry weaiher killing stands.
noeth Mississippi (55 Responses).
suffer¬
completed;
of
18 report an increase, 21 about the same, 16 decrease; %
rsplanted in corn; average, j« per cent decreased acreage,
46 report April less favorable on account of heavy rains, 8 about
Cotton Acreage:
r
cent
Weatiu r:
favorable on account of
balance of mouth;
10 report about the same as 1876. Cotton Stands: 5 report very fine, 24 good
average, 26 early planting poor, late planting good. Advancement of crop:
5 report crops earlier than 1876, 45 later, 5 about the same; averaging 8 days
later. Laborers: 9 report an increase in numbers, 3 a decrease, 43 about
same; averaging \ per cent increase.; 23 report a material improvement in c
same as
1876. 1 more favorable; 45 report May Jess
first week, and continued dry, cool weather
wet weather
well; 2 not well. Fertilizers: All report no commercial!
but a slight improved attention to home-made manures.
Condition of Cotton Crop: 45 report well cultivated, free from grass and
laborers; 25 working
fertilizers used;
June 23,
tc77j
THE CHRONICLE.
weeds, 5 of which report in superior condition, 8 report
healthy but grassy, 12
not worked—unhealthy
; 40 report suffering seriously for rain.
Miscellaneous:
U nder this head the chief complaints are of the
ground being
plow, drouth and cold nights causing much of stand to so hard, cannot
die; slight com¬
plaints of lice and cut worms, but not to usual extent.
Arkansas (57
responses).
Cotton acreage: 14 report an
increase; 20 a decrease: 91 about same; 1V
per cent replanted with corn; decrease, 2 per cent. Weather: 39 report April
less favorable, heavy rains
throughout; 11 about same as 1876: 7 more favor¬
able; 27 report May less favorable, account rains first
week; 39 account dry,
cool weather last three weeks; 18
report favorable. Cotton stands: 16 report
very fine ; 27 good average; 14 early
planting poor, late planting good. Ad¬
vancement of crop: 2 report
crops earlier; 45 later; 10 about same,
averaging
9 days later. Laborers: 7
report an Increase; 10 a decrease; average,
same;
19 report a material improvement in
morale: 35 working well; 3
moderately.
Fertilizers: all report no commercial used,
slight improvement in use of home
manures.
Condition of cotton crop: 50
report well cultivated, free of grass
and weeds, of which 1C
report superior condition; 2 report healthy but grassy;
5 not worked, unhealthy; 29
report severely suffering for rain. Miscella¬
neous:
Under this head there is some
complaint of ground being too hard
and dry to work, but less than
any other
usual complaint of lice and cut worms: a portion of bur department; about
number of plantations are reported
neglected for want of labor; many indicate better
crop than 1876.
NORTH ALABAMA (12
Responses).
Cotton acreage: 5 report
increase, 7 about same; increase 1 2-3 per cent.
Weathei: 8 report April less favorable, account of
same as 1876;
1 reports May less favorable, account of rains rains, 4 about
first week, 7 account of dry,
cold weather last 3 weeks; 5 report about same as 1876. Cotton
Stands : 2 re¬
port very fine, 6 good average, 4 early planting poor, late
planting good.
Advancement of crop : All report later;
average ten days. Laborers: Num¬
bers same, working well. Fertilizers: No
commercial used, usual attention
given to home manures. Condition of Cotton
Crop: 11 report well culti¬
vate^, free from grass and weeds, 1 crop healthy but grassy ; 8
report crops
suffering seriously for rain.
Miscellaneous: Much complaint of ground
being too hard and dry to work, with cold nights,
causing the stand to die.
Our Acreage Report.—Oar readers will find our
cotton
595
Thursday.
June-July delivery, 6 5-32d.
July-Aug. delivery, 6 5-32d.
Aug.-Sept. delivery, 6 7-32a.
I Oct.-Nov. delivery. 6 5-16d.
Sept.-Oct. delivery, 6 5-ltid.
Friday.
July-Aug. delivery, 6 5-32d.
Aug.-Sept. delivery, 6 7-32d.
I
Jund-July delivery, 6 5-82® }&d.
I Oct.-Nov. delivery, 6 5-18d.
June-July delivery, 6 5-32d.
Nov.-Dee. shipm’t, sail, 6 7-32d.
Sept.-Oct. delivery. 6 9-32d.
I
I June-July delivery, 6>ed.
Cotton from New York, this week, show a
decrease, as compared with last week, the total
reaching 3,603
bales, against 14,182 bales last week. Below we give our usual
table showing the exports of cotton from New
York, and'thelr
direction, for each of the last four weeks; also the total
exports
and direction since
Sept. 1, 1876; and in the last column the total
for
The Exports
the
period of the previous year:
same
Exports
of
of
Gotton(bales) from
New York since
Sent.lt 18T6
~
WEEK ENDING
Bombay
...7781
...6781
...5781
7,000
9,000
16,000
1,009
30,000
19,000
20,000
30,000
From the
/-Shipments since Jan.l-,
Great
ConBritain, ttnent.
332,000
490,000
712.000
Total.
3SO.OOO
712,000
303,000
793,000
879,000 1,091,000
June
6.
13.
Other British Ports
4,678
3,500
5.890
6.461
277
8,750
5,221
318,641
3,208
35,434
340.999
1,673
Total to Gt. Britain
8,178
14,640
11,682
3,485
354,075
342,672
701
72
350
8,688
2,115
Liverpool
Havre
Other French ports
....
...
foregoing it would
June
...
....
701
72
350
109
600
34
400
•
•
•
•
8,688
2,115
14,040
2,8 i 8
100
IS
22.585
....
c,i?i
8,404
31,437
118
23,098
62,426
2.899
730
409
3,640
421
389,501
407,634
400
*
1,140
•
1,110
•
•
•
•
1,750
•
•
....
are the
•
....
•
13.346
14,182
•
•
•
•
1,750
....
•
•
•
3.603
12
receipts of cotton at New York, Boston
Philadelphia and Baltimore for the
past week, and since
Sept. 1,’76\
appear that, compared with last
NEW YORK.
BOSTON.
philadelp’ia BALTIMORE.
there is a decrease of 4,000 bales this year in the*week’s REOE’T8 PROM
This
Since
shipments from Bombay to Europe, and that the total movement
This Since
This Since .This Since
week. Sept. 1. week. Septl. week.
since January 1 shows a decrease in
Sept.l. week. Septl
shipments of 81,000 bales,
compared witn the corresponding period of 1876.
New Orleans..
5,133
135,159
15,359
Texas
Gunny Bags, Bagging,
1,206
81,321
9,546
2,780
Etc.—Bagging has continued quiet Savannah
257
122,343
25,096
473 13,126
since our last report, but there is an increased
49 22,511
Mobile
inquiry from con¬ Florida
1,378 6,155
sumers, though no large parcels have been taken as
13,108
yet; small
513
S9.405
548
parcels are being taken, and sales foot up in all about 2,500 S’th Carolina
250 18,824
N’th Carolina.
64
78,523
rolls at 12£@12£c.
26 13,258
Most holders ask 12£c. for standard quality, Virginia
147
220,561
80,497
1,617
159 67,803
and 12£c. in Boston,
99
12085
though a few lots might be had at a shade North’rn Ports
2^673 93,217
49
less. Bales are steady at 10c. for India.
106
Tennessee, Ac
120,520
2,280 95,790
333 42,70i
Gunny bags dull and Foreign
5,500
120
8,892
nominal at 12c. for 440s.
Butts are in light demand, and
only
small sales are
making. Holders are firm as to price, and Total this year
7,645 886,915
7,948 326,208
S06 59,607
484 117,960
demand 3£@3|c. for spot lots. To arrive, we
hear that a sale of Total last
year.
10,296 884,162
2,388 279,710
199 51,205
2,000 bales, May and June shipments, had been made at
3'20 108,494
3f@3Jc.
gold, as to quality. The market closes steady, with dealers ask¬
Shipping News.—The exports of cotton from the
United
ing above figures.
States the past week, as per latest mail
returns, have reached
Liverpool, June 22—3:15 P. M.—By Cable from Liver¬ 32,613 bales. So far as the Southern ports are concerned, thes«
are the same
pool.—Estimated sales of the day were 6,000
exports
bales, of which The Chronicle last reported by telegraph, and published in
1,000 bales were for export and speculation. Of
to-day’s sales Include the manifests Friday. With regard to New York, we
of all vessels cleared up to
4,550 bales were American. The weekly movement is
given as
Wednesday
follows:
night of this week.
•
year,
•
4 •
•
.
•
•
.
•
•
•
•
#
.
^
.
•
•
•
•
•
....
.
.
„
.
....
....
#
%
'
....
June 1.
8ales of the week
hale?.
Forwarded
June 8.
54,000
7,000
34,000
5,000
71,000
4,000
45,000
June 15.
79.000
5.000
Jane 22.
49,000
5,000
....
....
New Yonx—To Liverpool, per steamers
Britannic, 31.
To Cork, for orders, per ship
Freedom, 3,208
....
....
•
• • »
Total bales.
277
Idaho, 246.
.
..
8,2(8
Bremen, per steamer Mosel, 100
100
54,000
29,000
Hamburg, per steamer Hammoni*. 18
5,000
5,000
18
2,000
New Orleans—To Liverpool, Der ship Adorna, 5,971
3.000
7,000
10,000
5,971
6,000
To Bremen, per ship Cons tan tia, 4,168
1,155,000
,155,000
1,109,000
4,168
1.064,000
1,030,000
To Norkjoping, 8weden, per bark Elliott
Ritchie, 2,200
743,000
711,000
680.000
2,290
657,000
To Barcelona, per hark O.impia,
33,000
1,616—per brig Nueva PrevI25,000
29,000
20,000
dencia, 200
26,000
11,000
18,000
1,816
9,000
To Yera Cruz, per steamer
15,000
8,000
City of Havana. 320
320
5,000
6,000 Mobile—To Liverpool, per ship City of
235,000
Brooklyn. 5.222
227,000
244,000
5,222
250,000 Charleston—To Liverpool, per bark
Candeur, 1,045 upland and 21 Sea
98,000
86,000
68,000
108,000
Island
.'
The following table will show the daily closing
1,055
prices of cotton for the weea: Savannah—To Barcelona, per bark Poverier, 204
Upland
204
&pCt.
Satur.
Mon.
Texas—To Liverpool, per ehip Evangeline,
Tuee.
Wednes.
Thurs.
3,036..
Fn.
Mid. UplMs
3,036
®6 5-16 ..@5 5-16 ..<®6tf
To Havre, per bark Icarus, 1,199
..mx
13-16 .@6 3-16
..®6
..®6%
Mid. Orl’ns
1,199
Baltimore—To Bremen, per steamer
®6#
..@6 7-16 ..@6 7-16 ..mx
Braunschweig, 1,065
•wx
1,065
Boston—To Liverpool, per ship Iberian, 872.... Pales
Futures.
line, 1,871......
2,743
These sales are on the basis of Uplands, Low
Middling clause, unless other
Total
wise stated.
Sales American
of which exporters took
of which speculators took
Total stock.
of which American
Total import of the week
of which American
Actual export
Amount afloat
of which American
<-
To
To
.
.
Saturday.
Jane—July delivery, 6J4d.
July-Aug. delivery, 6 9-32d.
I
Aue.-Sept. delivery, 6 1132®5-16d.
Jufiy-Aug. delivery, 6%d.
Sept.-Oct. delivery, 6^d.
I Oct.-Nov. delivery, 6 13-32d.
Oct.-Nov. shipm’t,sail, 6>gd.
Monday.
July-Aug. delivery, 6
Oct. Nov. delivery, 6 11 32d.
Nov.-Pec. shipment, sail,
Aag.-$ept. delivery, 6&dr
63tfd.
Aug.-Sept. delivery, 8 7-3®.
Sept.-Oct. delivery, 6 9-32d.
Juae-Jnly delivery, 0 5-32d.
Bept.-Oct. delivery, 6 5-16d.
TUESDAY.
June-July delivery, 6K-d.
July-Ang. delivery, 6&d.
Aug.-Sept. delivery, 6 3-16d.
May-June shipment, sail. 6 5-32d.
July-Aug. delivery, 6 5-32d.
Sept.-Oct. delivery, 6 9-32d.
July-Aug. delivery, 6 3-161.
July-Aug. delivery, 6 5-32d.
Sept.-Oct. delivery, 6 5-16d.
July-Aog. delivery, 6 3-16d.
Oct.-Nov. delivery, 6 Il-32d.
Wednesday.
Nov -Dec. shipment, sail, 6
5-16<L
.
July-Aug. delivery, 6 8-16d.
Aug.-Sept. delivery, 6 9-32®K<h
Sept-Oct. delivery, 8 5-16a.
Oct-Nov. delivery, 6 ll-82d.
Sept.-Oct. delivery. 6 11-3 2d.
July-Aug. delivery, 6 7-32d.
Aug.-Sept delivery, 6 9-32d.
shipments, arranged in
Liverr-
Baltimore...
Boston
Aug.-8ept. delivery, 6 7-32d.
Aug.-Sept. delivery, 6jtfd.
Nov.-Dee. shipment, sail, 6J^d.
.* 32,613
The particulars of these
are as follows:
pool.
New York...
New Orleans
Mobile
Charleston..
Savannah....
Texas
Total
277
5,971
Bre- HamGamCork.
3,208
•
•
•
•
Havre,
.
1,066
....
•
•
•
3,036
•
.
•
•
•••
•
•
•
•
1,199
•
....
....
•
• •• •
•
•
•
•
•
•
•
.
18
....
•
•
•
Barce-
»
•
•
•
•
•
*
....
2,200
••••
•
•
•
•
•
•
•
•
•
>
a •
•
> •
•
a •
•
•
•
••••
•
•
•
•
•
•
Total.
320
8,608
14,475
5,222
1,066
•
•At
264
^
•
•
•
204
4,235
•
a •
•
....
form*
Vera
Cruz.
•
1,818
••••
....
1,065
our usual
burg.Sweden. Iona.
100
4,t63
•••
•
•
men.
....
....
•
•
....
1,065
2,743
.18,315 8,208
1,199 5,333
IS 2,200
2,020
320
32,613
Below we give all news received to date of
disasters, Ac., to
vessels carrying cotton from United States
ports:
City or Berlin, steamer (Br), Kennedy, from New York
June 2, at 11.05 A
M., for Liverpool, broke her shaft at 8 A. M. of the
miles west of Faetnet Light. She was fallen in with8th, when about —
P. M. of the 10th, br
the steamship Spais, from New York for
Liverpool, and by her lowed
into Queenstown on the 13th, frem which port she was towed
to Liver*
pool, where she arrived ou the 15th.
Jacques Cotter, bark (Fr), Jean, from New Orleans April 19 for
Malaga, put
into Cadiz, June 15, leaking
badly.
.
•
'
634
10,119
following
year.
....
....
....4
....
100
Grand Total
The
• • •
...
date.
20.
Total French
,—Receipts.——
This
8ince
week.
Jan. l
15,000
959,000
20,000
954,000
10,000 1,297,000
to
June
30.
Shipments.—According to our cable despatch received Hamburg
to*day,there have been 7,000 bales shipped from Bombay to Great Other ports
Britain the past week, and 9,000 bales to the
Continent; while Total to N.
the receipts at Bombay during this week have been
Europe.
15,000 bales.
The movement since the 1st of
January is as follows. These are Spain.Oporto & Gibraltar Ac
the figures of W. Nicol & Co., of
Bombay, and are brought All others
down to Thursday, June 21:
Total Spain, Ac
/-Shipments this weekGreat
Con¬
Britain. tinent. Total.
period
prev’ua
May
Bremen and Hanover
acreage report in our editorial columns to-day.
Same
Total
IXFORTXD TO
Reboluda. bark (Sp). from New
having; put into Bermuda in
Grain in sight and the move¬
mail dates:
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
JUNE 16, 1877, AND FROM JAN. 1 TO JUNE 16:
The following tables show the
of BreadstuSs to the latest
Orleans for Barcelona, before reported as
distress and there condemned and told, was
ment
refitting June 13.
May 10.—Several bales of cotton, partially burned, were passed May 10 off
Cape Clear.
No date.—Two bales of cotton (uplands) slisrhtly damaged by fire. Marks
S C X & B P L, were picked up in latitude 50 40 N., long 11 W., by the
Flour,
Liverpool May 31, from St. John, N. B.
freights the past week have been as follows :
Sail.
d.
Steam.
d.
c.
c.
X comp.
X comp.
X comp.
Saturday.. X@9-32
Monday.... X@9-32
Tuesday... X®9-32
Wedn’day. #(3^-32
Thursday.. X®9-32
Friday
X®9-3*
Market quiet.
X comp.
X comp.
X comp.
X comp.
X comp.
Y% comp.
X comp.
—
yt comp.
Yi comp.
—
—
—
—
—
c.
c.
9-16 comp.
9-16 comp.
9-16 comp.
9-10 comp.
9-16 comp.
9-16 comp.
—
—
—
—
—
—
c.
c. c.
X comp. —®—
X comp. —®—
X comp. —®—
161
57.129
2,244
11,030
3/00
32,612
3,200
*1.200
Cleveland
6,995
St. Louis
Peoria,
.r.
1,495
Barley,
Oats,
Rye,
bush.
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
28,429
8,572
216,287
1,080
3,124
30,320
Corn,
bush.
(56 lbs.)
838,166
10.410
IS,935
303,026
23,262
4,900
141,987
54,300
•
18,0 U
19,800
79.511
52,300
•
•
23
•
•
•
•
•
•
•
-
•
25
353
450
2,569
5,850
3,600
Duluth
X comp. —®—
X comp. —®—
X comp —@—
55,642
Total
Previous week
57,942
Corresp’ng week,’76 142,564
BREADSTUFFS,
Friday.
69,316
22,214
Toledo
Detroit
Sail,
Sail. Steam.
Sail.Steam.
Steam.
- ~
Milwaukee
Bremen.—,,—Hamburg.—,
,,—Havre.—,
Liverpool.
bush.
(196 lbs.) (60 lbs.)
21,303
14.696,
At—
Chicago
Wheat,
bbis.
ship Herbert Be cb, at
Cotton
[June 23, 1877.
CHRONICLE.
THE
596
Total
Same
Same
Same
P. M.. June 22, 1877
little change in the flour market the past
week, but on the whole buyers have had the advantage. Same
inferior shipping extras, whose condition was threatened by the
summer weather, were closed out as low as $6 95 and there¬
abouts, and city mill extras for the West Indies sold at $7 50,
hut since then the market has gained strength, not so much from
the activity or urgency of demand, as from the small supplies,
present and prospective. The receipts at the Western markets
were barely one-third as large as for the corresponding week last
year.
Rye flour is in better supply and lower. Corn meal has
been active and firm. To-day, the supplies were more liberal,
but the demand fair, and prices no lower.
The wheat market declined early in the week, leading to a
There has been very
Jan.
time
time
time
’75.
96.256
1 to date. 1,858,985
1876
2,426,433
1875......2,2)*3.h74
2,007,551
1874
16.103
83,086
194,5.38
6.184
858,777
765,816
6 *2,730
446,715
19,074,927 8,316,450 2,716,329
25,244,692 7,526,267 1,985,666
20,725,776 5,441,911 1,169,519
23,497,650 6,921,671 1,685,220
todate..4,517,677 36,863,057 71.039,895
.4,832,339 60,128,943 53,630.213
Same time 1874-5... .4,772,575 55,862.401 39,860,690
Same time 1873-4....5,791,426 75,115,193 52,466,654
Total Aug. 1
Same time 1875-6..
*
16,219
37,853
435,185
1,376,051
33,204
449,192
1,521.963
46,958
921,314
2,063.012 2,877,556
6,903
631,887
752,761
1,201,614
7,470,072 32,139,494 8,029,037 2,579,6' 0
2n,286.242 33,131,541 10,592,060 2,839,669
18,223,230 30,258,985 9,670.746 2,192,711
19,221,348 19,878,2o0 8,264,132 1,507,775
211,463
Estimated.
SHIPMENTS OF FLOUR AND
RIVER PORTS
GRAIN FROM WESTERN LAKE
WEEK ENDED JUNE 16, 1877,
JAN. 1 TO JUNE 16:
FOR THE
AND
FROM
Flour,
What,
bbis.
bush.
bush.
bush.
bush.
,
.
Rye,
Barley,
Oats,
Corn,
bush.
AND
8,825 19,835
110,59?
16,012
1,747.857 2,518.460
945.764
3,348
97,787
1,464,582
347.961
8,181
690,215
7,9U
540,048
8,183
1,895/77 1,637,710
8,865
1.491.055 1,4'4,699 1,109,734
6.044 100,223
474.2*3 2,126.606
23,496 26,585
565,764
7,730.843 23.903,316 6,03/663 1,870,839 600,218
19,345,803 23,297,347 8,203/33 1,163.510 732.805
10@1 25 for inferior spring,
pretty fair business for export, at $1
15,175,138 14.617,610 5,959.912 843,927 263,967
27,826,661 16,794,893 7,121,761 1,221,683 2,334,814
$1 46(5)1 48 for No. 3 do., and $1 60@1 63 for No. 2 do.; and
city millers took pretty fieely of winter wheat at $1 75(5)1 85 for RECEIPTS OF FLOUR AND GRAIN AT SEABOARD FORTH FOR THE
WEEK ENDED JUNE 16, 1877, AND FROM JAN. 1 TO JUNE 16:
prime red and amber, since which the market has been steadier,
Flour, Wneat,
Corn,
Oats,
Baney, Rye,
though rather quiet. The receipts of wheat (reducing flour to
At—
bbis.
busii.
bush.
bush.
bush. bush.
48,034
137,186
392,011
117.451
2,235
532
wheat) for the first half of June at the principal Western markets New York
Bistou
16,039
48/16
90,350
18.425
11.6C0
were only about a million bushels, against about five million
Portland
650
1,500
—
...
. •••
MontreaL
9,735
64,021
155,643
16.311
69,202
buBhels for the corresponding period last year; and the visible
Pailadelphia
11,540
42 000
25,200
81.700
1,000
4,100
10,100
20.500
1,000
6,925
250,400
....
supply on Saturday last was only about one-third as large as at Baltimore......
2.999
New Orleans
49,200
40,060
....
....
the middle of June, 1876. Crop accounts continue generally
Total
195,952
291,023 1,021,889
254,747
81,037
5,632
good, and small quantities of new winter wheat have been Previous week
623.171 1,939,127
292,555 12,836
117.458
426,812
9 500 4 4,675
205.553 1,481.332 2,844.17 1
748,573
offered at interior markets. There has been a material decline Cor. week *76
Jan. 1 to date
3,059,397 3,917,910 38.097.541 7,250,050 1,609,3)1
588,854
in prices at principal Western markets; and contracts for August Same time 1876
4/91,897 18,283,368 38,026,212 9,383,304 1,89S,924 5:9,886
4,120,277 14,697,108 24,389,811 7.536,843
304,831 117,619
were made at relatively low prices.
To-day, there was a good Sometime 1R75
Same time 1874
.5.025.018 27,529,802 22,917,716 7,941,318 703,375 591,176
milling demand, and sales of No. 2 Chicago at f 1 60 and amber And at Montreal, 17,400 bush peas.
The Visible Supply of Grain, comprising the stocks in
winter, $1 90.
Indian corn has been somewhat irregular in values. A decline granary at the principal points of accumulation at lake and
seaboard ports, and in transit on the Lakes, the New York canals
in ocean freights led to an advance in lots on/he spot and for
and by rail, June 16, 1877, was ns follows
Rye,
Barley,
-June delivery, but contracts for July were made at lower figures.
Oats,
Corn,
Wheat,
bush.
bush.
bush.
buph.
hush.
The receipts of corn at the leading Western markets for the first
102.719 182, no
899.708
412,188
[n store at New York
465,2’7
32,800
3,500
44,000
14.000
half of June were only about 3 million bushels, against 5£ mil¬
In store at Albany.
1,500
6,389
42,430
7,464
263,339
In store at Buffalo
158,030
lions for the corresponding period last year, hut the visible sup. In store at Chicago
125,446 155,022
288,753
672,953 3,800,237
40,768
119,926
42,295
63,738
718,197
ply is more than twice as large. Crop accounts are only fair; In store at Milwaukee
85,000
In store at Duluth
~23
;;;;
excessive rains and local floods have prevented or delayed in In store at Toledo.
83.6?i
92,252 1,146,874
1,237.
51,168
considerable sections. To-day, the market was weak: steamer In store at Detroit
19,823
125,1:0
7,500
10.000
45,0(0
60,0uU
mixed, 58@58ic., spot and June, 56^c. for July, and 58c. for Instore at Oswego
37,141
20,718
85,582
235,045
June 16, 1877
62,152
June 9, 1877
52,714
Cor. week *76........ 128.891
Cor. week *75
92,316
Cor. week *74
105,342
Cor. week *73
111,894
Cor. week *72
103,202
Total Jan. 1 to date. 1,872,504
Same time 1876
2,506,467
Same time 1875......2,210,904
Same time 1874
2,766,295
'
465,821
677,343
.
392,614
422.972
1,270,362
1,556.396
..
....
...
•
•00
•
•
•
August.
Rye declined to 74@75c. for Western, and 92@93c. for State, at
which some 50,000 bushels were taken for export.
Barley has
gold freely at 52@55c. for feeding California. Barley malt is
very firm but quiet.' Canada peas are lower, with a sale at 95c.
Oats have been dull, and at the close most of the
in bond.
advance of last week was lost. To day, No. 2 graded was quoted
at 47c. for mixed and 50c. for white.
The following are the closing quotations:
i
Flour.
V bbl. |3 S0& 5 00
No. 2
Superfine State & West¬
ern
Extra
State, &c
Western
Spring Wheat
Grain.
J
Wheat—No.3 spring,bush $1 45® 1 50
No. 2 spring
i 60® 1 65
5 50© 6 03
No.
6 40$ 6 90
Red Western
Amber do
luring
1 70® 1 75
150® 1 65
—
White
6 6CX3* 7 10
dp XX and XXX
7 25® 9 50 Corn-West'n mixed,
6 75® v 75 |
8 00@11 03 |
new
Yellow Western,
Southern,
6 60® 7 60 j Rye
Total..
June 9, 1877
June 2, 1877
June 17,1876
95,145
1,951
104,157
63,000
96,538
310,000
150,109
172,408
18,522
261/39
87,296
1,679
13,877
2,274
90.072
650,547
38/870
97,719
1,049,801
'285.227
3.655,123
853,700
84,402
126,465
2H.901
16,012
35,000
3,697
2,602
•
•
•
260,071
224,532
128,503
4,044,691 10,775.026 2,414,833
2,212,516
4,431.922 lc;3?6,?4l 2.339.862
4,374,0* 7 9,447,500
10,319,180 7,557,017 3,445,416
0
•
4,033
2996
12,927
6.557
....
34,875
3,464
•
•
•
»
....
7,500
...»
•
•
•
•
•
•
.
8,825
47,152
36,844
6,347
0
0
0
19,835
1,682
....
535,073 536,109
694,625 586,428
740/95 610.747
516,986 288,490
1 853 1 95
l eo® 2 00
extras
do winter X and XX..
do Minnesota patents..
In store at St. Louis
In store at Peoria
In store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia
In si ore at Indianapolis
In store at Kansas City
In store at Baltimore
Rail shipments, week
Lake
do
do
Afloat in New York
,
ne .v
55®
59®
60®
74®
3b&
£0
44®
65
THE DRY GOODS
to
61
65
92
TRADE.
Friday, P. M., June
22, 1877.
impending advance in freights by the great trunk lines has
an active movement in a few staple makes of both
90® 1 10
70®
75 cotton and woolen goods the past week, and a liberal distribution
8 25® 10 00 I State, 2-rowed
mily brands
State, 4-rowed
75®
80 of such fabrics was made to the Western and Southwestern tradef
Southern shipp’g extras.. 7 S§® 8 03 |
9a® 1 io
Rye flour, superfine
4 25® 5 00 Barley Malt—State
Canadian
1 10® l 30 but the general market continued quiet.
Corn meal—Western, &c. 3 00® 3 25
Wool flannels were in
95® 1 15
Corn meal—Br*wine. &c. 3 40® 3 45 i Peas—Canada.bond&free
noticeably good demand, and®'cotton flannels moved freely until
The movement in breads tuffs at this market has been as fol¬
about the middle of the week, when it became known that 3,500
lows :
-EXPORTS PROM NEW YORK.
cases of Nashua cotton flannels would be sold at auction on the
-RECEIPTS AT NEW YORK.
-1876.
Same
-1877.*1877.
22d insfc., and this gave a temporary check to the demand. The
Since
time
For the
Since
Since
For the
For the
Jan. 1.
Jan. 1.
1876.
week.
week.
Jan.1.
week.
demand for men's-wear woolens, for the Autumn trade, was less
898,If
26,799
531,880
28,803
Flour, bbis. 46,793 1,227,741 1,689,244
active than when last reported upon, but heavy deliveries were
111.578
120,054
4,3?8
83,088
3,116
74,51
C. meal, “
4,421
Wheat, bus. 179,823 1,942,023 11,056,551 249.343 3,900,941 1,310,125 12,139.1*)
made on account of former orders, and on the whole this branch
443,769 6,645,0;
447,779 10,254,974 8,572.071 394.907 9,771,701
Corn,
“
493
361.783
16,971
555,740
327,492
67,162
318,11
of the trade is in a better condition than for some time past—
Rye,
44
98,611
476,000
8,0(
40,950 1.686,23° 1.951,621
Barley. 44
stocks being in remarkably good shape, and prices fairly remun
2,150
76,337
129,91
31,018
Oats....4*
189,678 4,032,441 4,806,299
City shipping extras
City trade and family
Oats—Mixed
White
8 00® 9 25 |
brands. *
Southern bakers* and fa| Barley—Canada West...
.
■ — ■■
...
,r
#-
.
.
.
.
.
....
The
stimulated
June
23, 1877.]
THE CHRONICLE
597
©rative to producers.
Foreign goods remained inactive, but gen*
Exports ol lie acting Articles from new
York,
The following table,
orally steady at current quotations.
compiled from Custom House returns,
shows the exports of
Domestic Cotton Goods.—The
leading articles from the port of New York
shipments of domestics from to all the
principal foreign countries, since Jan. 1,1877, the
this port to foreign countries^ for the week
ending June 19, totals for the last week, and also the totals since Jan. 1, 1877
and 1876.
reached 1,105 packages, which were distributed as follows:
The last two lines show total
U. S.
values, including the
value of all other articles besides
of Colombia, 424 packages; Brazil, 155
those mentioned in the table.
; Cuba, 114 ; Smyrna, 113;
Venezuela, 72; Great Britain, 53; Argentine
Republic, 42; Hayti,
39; Dutch West Indies, 26; British West Indies, 25,
Brown
sheetings were in good request, but transactions were limited
by
the light supply offering by agents. Drills were in
icoea-to*
steady
'005)53
O
ao
request for export, but the homo demand was light. Bleached
OJIMh®
rsc'-’ — ^-c&iocot'-p'-vicit-cinaico o»
S3
Cl
cottons continued to drag, aside from a few low
«
o'
t-T
grades, and prices
co
«
were not so strong as on brown and colored
cottons.
Cotton flan¬
.oD¥i«eieiTP.~<>o
j-owoiQ
252
nels were freely taken by interior
ta;
53©
®
jobbers, and, as stated above, 3, 91 rf-sZ-o SO ©
ci i-T t-T tp’
i-o
‘©Orico veit-'
* 2 2
3,500 packages were peremptorily sold at auction by direction of H *
CO
aoo
£
the Nashua Manufacturing Co.
VO
Denims, dyed ducks and cheviots
TP
Cl
i-1- wo
met with moderate sales and ruled firm in
.Ot-OOMa3©S*0!00©H
O CO
■It 40 O —
OO
price. Tickings were
1N
•Q©Minuf3©ooir3wVioo
co
Ol
quiet and steady, and Amoskeag A.C.A. was nominally advanced
£
one cent.
Print cloths were quiet but firm at
4|c. for cash for
extra 64x64s, and 3|@4c. for
vcjo
.QaHOiOffi
56x60a, but a few sales of extra
I
CO
-iSoaot-H
toonOooiiocooic^oicO'vfri
c>
riooovrr
Cl
64x64s were made at 4£c., 60 days. Prints remained
Clji 00
t-T
inactive,
cjT
though a few large transactions were reported, and ginghams
were in steady
request and firm.
•
—ffl
'
»
„
uj
05 *0 TP
t——«
k>—'
T oo X3
O
Cl
;
.
_
-n" lO
>—>
r-T
O
TIT-1
_
S* l-
Cl
^
L-
L-
'50
'•
CC Cl V r
-
co
—«
oo 01-p
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>-<
O) w «
lO rt W
J
.
OC CO Ci Cl lO 'O CO l
•
l-
¥-1 C73
«
tj> JS
co
-
si r-
th
to
■
*-«
X
CO TP
■
goo
•
iO
•
T«
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iO 00
to
TH
•
.
•
Ol
•
•
.
'
•
ao
co
•
i-H
.
in
•-«
•
Domestic Woolen Goods.—The distribution of
men’s wear
woolens was of liberal dimensions and of a
more diversified
character than of late, and there was a brisk movement
in
•
t->
•
Ol t-CI iO
:
SSoitf
•
d O
co oi no
• t-COCI
QJ lO CO to
eo tp ao oo o oi oo
•Ot-ON«00©
oi (M Ol CO C—
.
Manufactures of wool....
cotton..
.
silk
flax
Miscellaneous dry goods
WITHDRAWN
.
.
$157,654
204
59,401
1,725
do
do
do
314
500
307
400
$641,612
67,503
Pkgs
183
474
277
356
185
1,475
.
1876
Valne.
$73,966
124,895
158,605
70,232
50,607
168
435
687
531
132
-
133,333
419,615
-
$103,547
48,695
35,690
56,072
k7,950
cotton..
silk
flax
Miscellaneous dry goods.
Total
886
Addent’dforconsumpt’n
1,725
Total thrown upon m’k’t. 2,611
153
151
41
221
145
43,709
$251,955
716
641,612
1,475
$893,567
2,191
40,499
50,267
21,430
•
.100
.1
.
.
.t-o*
• -
:
— Si
:
: ^^
•
•
$220,562
473,355
158
29,157
21,024
£$
.O
•vonoown
«
^
GO
—
do
of wool....
cotton..
do
silk
do
flax
5G5
299
84
336
Miscellaneous dry goods. 8,911
Total.
10,136
A.ddent’dforconsumpt‘n 1,725
$294,357
85,076
64,254
83,496
19,619
*606,802
641,612
$1,243,414
243
133
71
181
488
1.116
1,475
2,591
$110,45S
34,203
45,372
39,310
15,736
•
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tP »o h* ^>
vmobS
c? S
v i» ec © ”
Ol
e*o
»
-
COCOc-cd®00«I
•“•
T— ^ i - t—
SJ
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•
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•
to
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o
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.
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•
.
no
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•
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to^aog : c»«r
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«
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•
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6<o
•
2—0
3)H
-CO <»
•
lOiOCO
•
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to’ oT *
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t-oi
t-
3,896
•
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I
-
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*m
;o
r
•
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«
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m*
• —i
00
Cl
P
•
—
'°V 53
“2
.
* OO
,OOH
SO Cl
. t- -v O
,CCOOTP_
o’ • in’ki co"
:9
COCOT9I
— — Ol
Jb 2
0h(.
T—
p#r
00 Tt«
—
^
‘OOt— THC3
CO
rH
TP
_
rm o
pv»
OiO
ao
2
-00^^,HOMNHe5’'W
<D C?
0>
t
••
r
^
r
a*1 —r*
■v — vJ"— m#r
ooc-"tp'ci
Cl" CO
««
In2
„
rH
.
CO
ml
no
^
CO
t—
mm
§
CQH
'OOC-omwcow
-aoc-rfioieocofS
— m-
•
$926,657
*n eo ci
*
•
•
•
•
—
o
.©•OOrHClO^OjOaO
•
.
CO
oo"
U
CO Cl CO O
-cl
*
>n"
CO
—: “1 CO Cl TP •
co2 T1 cocT
io’-1
—
■*o«
’s
Cl
(—>
cooig- *2!
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o
o c*3
;cir.o»n
—
.„
•
38i368
$173,724
752,933
TP r-_
cl TH
tO
eo^
a.
ci
gVSS
Cl
—«
to to
OK®
NtO
143
132
45
264
18
602
478,355
1,953
2,555
>
g;
Oi
1/? TP
TH
.lOt-oiooiuoTP
°aoo
.
•frr'v'QTpi^
•
.mot-
—(
*<01
5*5 So'®» si"
40,276
1,953
$251,079
$729,434
f,
•
vothotp
—
$698,917
t*w
•
»-^TP^ao oit.coi-.cOtpo
com
r-'c* t~ —“
to
BHOUSING DURING SAME PERIOD.
Manufactures
•
•
•
O
•
••«*•
•
.CO
.
>»K3N
.©0®v©0©
•
— Si
1,853
t-b-oco
>
ao St CO rH O I
>
l ;s :
$44,899
1,421
*oo
I C*
•
VlN *0 'T'
T-S
►>GO-
h(Q
99
123
52
43,704
o
.
84,518
1,953
$64,662
tH
vHH
.
n
$478,355
•
.COrlr«M
.
•
1
jQOK3«
Tl
Valne.
371,758
82
•
S3-
‘
Pkgs.
>0(0 1.10
to©
X CO
.
3 : :s : ; :8 : : : :§S :
FROM WAREHOUSE AND THROWN
INTO THE MARKET DURING
THE
SAME PERIOD.
Manufactures of wool....
do
do
do
152,984
204,070
,
aoao
n
.
• T-l
CM LO
>©©
1875
,
Value.
-
°°
•
.
.wo
*
•iHriCOH
Importations of Dry Goods.
»■' ■ ■' -
O O
.
in
th
<
.
•
*
The importations of dry goods at this
port for the week
ending
June 21,1877, and for the
corresponding weeks of 1876 and
1875, have been as follows :
21, 1817.
.fINrtO
io
ao
•
CO 00 t© <X> TP-Tp TP
.
OO 70 CO
*-i
•HVOO
ENTERED FOR CONSUMPTION FOB
TH1 WEEK ENDING JUNE
-tool
•
.OWN
W
■moo
◄4) co 55 o
very light demand for
Sported goods for current trade, but in some cases jobbers have
commenced making preparations for the fall
business, and orders
for linen goods were placed with
agents of Belfast houses to a
fair amount. Dress goods ruled
quiet and steady, and silks were
lightly dealt in. Men’s-wear woolens were inactive, and Italian
cloths were only in moderate
request. Hamburg and colored
embroideries, piques and fancy white goods were sold in fair
quantities privately and at auction, and hosiery was in limited
demand. Canton mattings were less
active, but Japanese and
French fans continued in
steady request.
•
^ *
.8
•
usual at this time of year.
a
•
n
•
»
tt_
Oi
'©Oi-I
undergone a marked
reduction, and prices ruled firm with an upward
tendency. Dress
goods were in limited request, and carpets moved
slowly, as
was
Ol if5
no
animation than for many weeks
past, and sales were made to a fair aggregate amount. Printed
satinets received more attention, but mixtures and
blacks moved
slowly. Flannels were in very good demand, in which nearly all
makes participated, including
plain white, orange and scarlet,
operas, twilled blues, grays and scarlets,
shirtings, &c., and at
the close of the week
agents’ stocks had
Foreign Dry Goods.—There
Ol t—
00 CO Gl
th
•Tp O
O
o
■omo
SS»s
more
Pkgs
• r-<
•
Cl"
taken quite
and doeskins exhibited
tp to
.
03
o
•
>
flannels,
freely by leading Western and South¬
western jobbers.
Cassimeres and suitings were shipped in
large
amounts in execution of orders, and such
was, the case with
worsted coatings.
Plain and rough-faced overcoatings and
feltings were in good demand, and there was rather more inquiry
for cloths and doeskins,
though selections of the latter were
mostly restricted to comparatively small lots. Kentucky jeans
were
»—
.
•
ai >— o
.
to
which
.
JO ZO Si
to
•
»o -r-t
i
rH
•
lO l-
tp
•
—
•
aoao
$.54,976
37,783
34,162
s
41,686
5,087
i
$173,695
752,913
$926,628 *
I
:
|
E :
3
4?
oSisisfia sss
H H ©
r3 a, ©
Oh
w
-
•
5 ft
,
•
©
.
£ 8
o
HAYNorth River shinning
PRICES CURRENT
HEMP AND JU
ASHES—
4^@
Pot, flrstsort
f) lb.
BREADS T0FF8—See special report.
BUILDING MATERIALSBricks—Common hard,afloat..$ M
Manila
Sisal
Jute
@22 00
do tany ooards,
@
33
Oak
@ 40 00
Aah, goo 1...-.
@ 33 00
70 00 @ 75 00
Black walnut
Spruce boards* planks, each
22 @
28
Hemlock boards, each
16 @
18
Maple
ft M. ft. 30 00 @ 35 00
Kails—10@60d.ccm.fen.<fe sh.ft keg
@ 2 75
Clinch, 1* to 3. u .* longer
4 25 @ 5 25
Sdflne...
@ 5 CO
C»t6plkes,allsizes
@3 00
Faints—Ld.,wh. Am,pure. In oil ft Tb
94f@
10X
Lead,wn., Amer., pure dry
8X@
9
line, wh.,Amer. dry, No. 1
7X
6X@
Zlnc.wh.. Amer.,No.1,in oil
11X@ 12
Part* white. Er.g., gold....ft 100 a. 180 @ 190
18 00
25
com.to g’d,Q*( h.
ft M. it. 35 00
35 00
.
BUTTER— Xew—iWholesale Prices)—
Dairies, pails, g <1 to p’rne State ft ft.
West’n fact’y, tub9. g’d to ch’ce “
13
13
13
13
“
“
H’l flrk.,tuD:i,^tate.t,r to prime
Welsh tubs. State, com. to p’rne
cheese—
State factory, fair to choice
ftib
Western lactory.gooa to prime.. “
cannel
Anthracite—Prices at
schedule :
@
L.Port
<fc W.
D.L.&W. D &H. P. & R.
Port
Penn.
New*
9X
7
8 d
6 @
Hoboken.
Muy 29.
Bt’mb. $2 42-2 52 $• 40-2 52
2 37-2 42
Grate... 2 43-2 05
2 50-2 52
Egg . • 2 5* ’-2 65
2 -0-2 72
Stove... 2 45-2 57
2 21-2 40
Ch’nut.. 2 4.-2 55
burgli.
June 13.
New
York.
‘2
2
2
2
-
UUDfa.ll.Klo, ord. car.
do fair,
do
do good,
do
do prime,
do
Java, mats
llichm’d Johnson
Sclieu.
2 65
2 75
2 75
2 85
2 60
Schei. Sclitd.
2 65
2 65
2 15
2 75
2 85
75
75
75
75
2 cO
60and90 days.gld.fi n>
goiu. •*
gold.
gold.
“
“
Native Ceylon...
Mexican.
Jamal.a
23
19
*'
gold*
20X
23
iex@
"
“
“
“
gold. "
gold. “
ft Tb
@
@
COPPEKBolts
(over 12 oz;
Brazlers’(over 16 oz.)
American Ingot. Lake
fjOTTON—See special report.
nttUGS A ul’KSSheathing, new
20*
2UK
16<K
V0 X
21
:@
I9*@
ft n> cur. 2*@
gold. ’8 @
Argols,erode
Argols.reflned
“
2€ @
Arsenic,powdered
•*
Bicarb.soda,Newcastle.^ 100tb “
4 00 @
Blchro. potash....
flbcur.
13 @
f K0 lb. “
Bleaching powder
1 50 @
Brimstone.crude, per ton
gold.29 00 @
Brimstone, Am. roll
3 @
f<tt..cur.
"
Camphor refined
31 @
Castor oil, E.I.inbond. * gal. .cold. 4 85 <a
20 @
'*
Caustic soda
ft 100 lb
22 @
Chlorate uotash
f<
65 @
'*%
>
“
22
30
3X
4 12*
13*
1 55*
Cochineal, Honduras
1
•
Cochineal. Mexican
4*
.gold.
Gambler
....
Ginseng
cnr.
i$
4 .9(1
23
62 K©
27
33
Glycerine,
Jalap
American pare
St
•
paste,Calabria..
Licorice paste,Sicily .....
Licorice paste, Spanish, sol
Licorice
Madder,
4
44
•
gold
@
@
@
@
@
@
6xa
Hatch
5
Madder, French
Nutgalla,bine \leppo....
u
Brimstone)
....(in bond), gold
potash,yellow, Am..cur.
Oil vitriolf66
Opium. Turkey
Prusslate
Quicksilver
—
*
-
"
Mackerel, No.
FLAX—
"
Almonds, Jordan
Brazil
Filcertf,
Walnuts,
Pecan
Sperm, crude
Sperm, bleached winter
Lard oil, Noe. 1 and 2
5*
24
PETROLEUMCrude, in bulk
*
Turkish fnew)
French
PROVISIONS—
Pork, mess
Whortleberries
* ®
for cash
or on a
Lard. City steam
11 0J
21 00
4
Nos.7@9
do t0@12
do- 18@15
do 16@l8
do 19@20
rto
dC
white
Porto Rico,refining,com. to prime.
do
grocery, fair to choice..
Brazil,bags, D. S. Nos. 9@11
do
do
do
do
do
do
do
do
D.S., Nos.lOA12
Manila, superior to ex. sup
N. O., refining to grocery grades
Refined—Hard, crushed
Hard, powdered
Java, do.
do
do
..
grannlatea
cut loaf
Soft white, A. 3tanaara
do
off A
du
White extra C
Yellow
do
Other Yellow
....
centrii...
BOX 2,647.
C. W.McLellan,
W. Tbask
Jb.
Dickinson, Waller & Co.
5X
BROAD
25
iox
46
1 20
on
70
35
1 10
74
G5
1 20
1 48
o5
6X
19
13
@ 12 f4)
& 14 00
@ 21 50
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9X4
9XA
1
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10 @
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11X4
12 @
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32X®
- @
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12X 4
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7 ya
lix
9X
9X
9^'
10
UX
10^
11X
9^
8X
9%
10X
UX
11*
12X
10X
10*
'.OX
HX
9%
10%
12
12
—
11X
11X
W
BROKERS.
BANKERS AND
10
12
12
@
@
.
GOLD
Exch’ge
40
@
refining ....ft lb,
“
“
uo
prime, refining
“
do lair to choice grocery.... “
do centr.hhdB.& bxs, Nos. 8@18
Molasses, hhds & bxs
Vtt
Bav’a.Box.D. 8.
@
13 50
refining
good refining
Including
STOCKS, BONDS and
Securities For Sale.
O.
P.
9X
fair
York.
25
....a
17 at
....(a.
SUGAUOuba,ini.to com.
....«
<*....
&....
Howard C. Dickinson,
Platt K. Dickinson,
Member of Stock Exch’ge. Member of Stock
John li. Wallbb. -
tlr
'*
"
**
“
ft n>
**
“
20 0
@
at
margin.
Investment
ft bbl. 14 50 tf* 14 60
“
...;@
Bacon, City long clear
Hams.smoked
Melado
@
@
Co,
@
@
....©
....©
54 @
“
Pork,extra prime
Pork, prime mese, West
Boel, plain mess ..
Beef,extra mese
Beef hams, choice Western....
d >
<lo
@
73
*k
white
4
4
@....
@ ...
Banking Business,
and sale of
Transact a
“
ft gnl.
Naphtha. City, bbls
6X3
M ®
5 @
Figs, layer
= ©
Canton Ginger
V case. .... ©
Saialnet*,* hi.box.
* ®
Sardines, V nr box
12^®
Macaroni, Italian
V 5b
Domestic Dried—
Apples. Southern, sliced
ftO>
3X@
do
i’O
quarters
3*@
do
State,sliced
.
4X3
do
4X@
do quarters
Peaches, pared, Ga. prime & choice
* @
do
unpared, halves and qrs
6 @
Blackberries
® ©
Raspberries
®
Cherries
Pinn.f. State
H <a
Transact a General
ourebase
95
€0
@
@
45
1 15
63
S4
70
“
“
Cases
Refined, standard
1
2
2
4
sxa
*•
“
*•
“
“
“
Whale,bleached wiuier.o....
Whale, crude Northern
~X
£
@
11
5
ft gal.
2 Of
12 6*
25*'
4K®
c
d,
31X
2
9X@
Sicily ...
Naples....
s.
X comp,
A. M. Kiddxk.
...,@
ft lb.
Bbelled
Cotton seed, crude
Olive, in casks ft gall
Currants, new
Citron,Leghorn
f3
56
53
65
57
10
_nl.
Prunes,
do
Dates
43
4S @
54 @
45 @
55 @
45 @
No. 1 “
No. 2 “
pale.. “
*.*
23
2S
15
....
2 05
2 75
6 50
••
^4
V *
COR. OF
,V bbl. 2 50
“
“
*‘si
Bpirlts turpentine
V gal.
Rosin, strained to good strd.ft bbl. 2*ii
low No. 1 to good
low No. 2 to good
low pale to extra
window glass
d.
BANKERS,
WALL STREET AND BROADWAY
2 25
“
a,
^6 Co.
34
81
32
45 @
“
prime
8X
7X
7X©
Financial.
24
29
@
“
“
“
“
Linseed, casks ana bbls
Menhaden, crude Sound,....
Neatsloot, N o. 1 to extra
2, Bay.
*hhi
Pork
New
gal
“
NAVAL STORESTar, Washington
Tar, Wilmington
Pitch, city rT.
22
25
2 CO
ft tee.
Beet
24
31 @
27 @
30 @
Oak, rough
Texas, crop
MOLASSES—
Cuba, clayed
ft
Cuba, Mu8.,refln.gr’d.s50test.
do
do grocery grades.
Barbadoes
OILS—
5
"—
River, prime
22 @
21X@
26 @
rough
Slaughter crop
.
4
4
4 0
3 0
18
sail.—
d. s. d.
X © 9-32
20 @
15 0 @25 0
.Vton.
Corn.b’lk & bgs. V bu.
Wheat, bulk & bags..
26
23 @
l.fUb.
iilde.h., m.&1....
6Y
@
@
@
H ®
FRUIT—
,a..
Raisins,Seeaiess
per 501b.frall
—®
do
Layer, new
do
Loose Muscatel, new
2 15 @
Sultana, new
per lb.
10)*®
do
do
Valencia, new
»•-©
•North
common
A
28
22
17
17
32
85
30
26
....
9X0
9
45 @ 47
4 ^0 @
50 @ 125
1 20 Q 1 22;
21 @ 26
1 72X@ 1 95
•
19
8X@
9
3 00 @ 5 50
pr.bbi, 19 00 @ ?1 00
Mackerel,No. 1,M. shore
13 ou @15 00
Mackerel. No. 1, Hay.. .
8 50 None. (0
« 10
Mackerel.No.2, Mass.shore
gold.
Quinine
cur.
Rhubarb, China,good to pr.... “
Balsoda, Newcastle. IP 100 tb, gold
Shell Lac, 2d & 1st English. fta.cur.
f< 100 ». gold
Soda ash...
Sugar of lead, white, prime.ftlbcur.
Vitriol, blue.common
“
FISH—
George’s and Grand Bank cod,p.qtl.
7V<£
OaEUM—Navy.U.S. Navy & best ft a>.
19
22
175
cur. 5 60 @
LEATHERHemlock.Buen, A’res, h.,m.&
California, h., m. & 1
8
gold.
@
6 75
5 62K
ft 100 lbs, gold 6
fib.
@
@
@
@
@
@
@
@
©
45
39
52
39
25
@
@
@
STkAM.-
Heavy goods.
17 00 <3 73 00
25 iO Prices,
Store @ 28 50
Bar.Swedes.ordinary sizes..V ton.130 00 @132 50
Scroll
lb.
3 @
6
Hoop, %x.No.22tol&l^x.l3&14 ••
5 8-l('@ 8 1-10
gold.^tb
II
Sheer, uussia
lf'X@
Sheet, single,double & trenle, com.
4
3>£@
Ralls, Amer., at IVorks..$ ton, cur. 33 00 @ 36 CO
45 00 @ 47 00
Steel rails
NUTS—
8*@
6X4
4Y@
f) ton. 18 IK) @19 00
17 50 @ IS 50
(discount. 10 p. c.)
“
“
15
IS
28
80
23
11
17
8.
To Livibpool:
Cotton
f) A.
Flour
;. fi bbi.
Pig, Scotcn
LEAD—
Ordinary foreign
Domestic
25
IS
'
• ••
....
©
ft lb,gold, net
cur,
Foreign
Domcsiicj
FREIGHTS—
35
30 @
@
Pig,American,No.2
Pig, American, Forge
'•
7U
60
1 40
21
21
40
25
26
30
Plg,American, No.1
**
lb
do
....@
IRO*--
Demerara
Porto Rico
N. O.. com. to
lump. Am
Sheet,
"
2i
13 u*.
IS @
19 @
16X4
18 @
13 @
gold,
gold.
gold
gold.
Maracaibo
Laguayra
Bt. Domingo
Savanllla
Costa Rica
ZINC—
Mexican, sheet
“
medium. Eastern
Texas,
“
21
20
O
•
85
82
47
83
20
ftlb
2
Smyrna.unwashed
Esmaralda, pretsed, strip
Guayaquil, p eseed, strip
Panama strip
Carthagena, pressed
Nicaragua, >>heet
Bar
20* @
@
@
12K®
11 u
8 @
....©
Interior
Burry ...
South Am. Merlnc, unwashed
Cape Good Hope, unwashed
Texas, fine, Eastern
@
11
9
16
9
10
Fair
9H@
15
...,@
....&
...at
....©
Extra,Palled
No. 1, Pulled
California. Spring Clip—
Superior, unwashed
@
@
9
Sheet
20
..O
8
“
buffalo
INDIA RUBBERPara, coarse to fine
Calcutta,
American XX
American, Nos. l &
American, Combing
14
@
10X
W ».
•*
Western
WOUL-
10H©
*•
Calcutta, dead green
19*
....(ft
"
do....
9
9*@
io*@
.
TALLOW —
Prime city,
...@
17 @
15 @
15 @
12 @
15 X®
12 @
Dry Salted— Maracaibo,selected “
Matamoras
do.... cur.
Savanllla,
do.... gold
WetSalted—Buen.Ay, do.... gold.
Para,
do.... “
California,
do.... “
Texas,
do.... cnr.
A. /. stock—Cal., slanght
gold
17
IS*'*
■
Maracaibo,
Bahia,
@
6*@
cur.
American cast, Tool
American castspring
American machinery
American German spring
7 th
Store Ib'ices,
16
“
1st quality “
English machinery
English German,2d &
American blister....
2lX»
Nicaragua, scrap
10 00@ 11 00
13 003 14 00
last Auction, 01 by June
Llverpoolgae cannel
Liverpool housr
19
II
16
13
A
@
@
Matamoras.
6X
20
**
'*
*
do....
do ..
do.,..
8k
22 X*
2JS'3
**
**
do....
do....
Grande,
Orinoco,
California,
@
23X3
Dry—Buenos Ayrestselected.^ilbgold
Montevideo,
do....
Corrientee,
do....
**
Pine, shipping box
@210 00
@275 00
..
HIDES—
Rio
English,cast,2d&lstquality fifbgold
English,spring,2d & istqua’.lty.. “
English blister,2d& lstquality.. “
6*@
3X a.
“
“
**
-.Vlb
;
«5
r 00
STEEL—
6 75
@
@
@
@
..
>
Re-reeled Tsatless
Re-jeeled Cctegon
@2*5 00
@135 00
djO 00
gold.215 00
*• 270 00
1 00
Usual reel Tsatless
Usual reel Tavjjaams
75
@
Vton. 175 00
Dalian
2 75 @5 50
Croton
8 1)0 @ 10 00
Philadelphia
23 00 @ 27 00
Cement—Roseuuaie
9 bbl. l 20 @ ....
Lime— Rockland, common
^ bbl. 80 @ ...
Rockland, finishing
....
@ l 15
Lumber— Pine.g’d to ex.dry.fi M It. 45 00 @ 70 uu
Alnm,
I’E-
Russia,clean
5
70
V 100 lb
Amerlcan dressed
American undressed
COAL-
SILK—
GUNNIES.—See report under Cotton.
GENERAL
Auc.
[June 23, 1877.
fHE CHRONICLE.
59S
general Banking
Commission Stocks,
Having been
having a
to
Bond and Gold.
Identified with California interests, and
FranclBco, are prepared
commission all stocks dealt In on
Stock Exchange, and to give infor
connection in San
buy and sell on
the San
STREET,
Business. Buy and Sell
Francisco
mation respecting
the same.
Hilmers, McGowa n & Co
BROKERS
FOREIGN
IN
EXCHANGE AND
(P. O. BOX
Special attention
GOLD,
York.
63 Wall Street, New
2,847.)
paid to the
negotiation of Com
mercial bills.
Trask
6c Stone,
BROKERS,
STREET, NEW YORK,
BANKERS AND
No.
7
NEW
Transact a
STOCKS,
General Banking Business.
BONDS and GuLD Bougnt
and Sold on
carried on Margins.
Deposits Received and Interest Allowed,
ty Accounts of Country Banks aau Bankers
Commission, and
ceived on
favorable terms.
Geo.
Prentiss,
H.
30 BROAD
Room 23.
GAS
A.
re¬
.
STREET.
STOCKS
SPECIALTY.
Brooklyn Securities
.
Bought and
Sold)
@FedFRASER