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MAGAZINE,
MERCHANTS’
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REPRESENTING THE INDUSTRIAL AND COMMERCIAL
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INTERESTS'OF THE UNITED STATES
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HUNT'S
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NO. 679.
SATURDAY, JUNE 29, 1878.
VOL. 26.
—*
—
grain-carrying season—an event upon which we have
already commented—was the next step. Soon after that
THE CHRONICLE.
has come the Michigan Central election, which has
Railroad Strategies and CombinaI Latest Monetary and Commercial
tions
637 1 English News...
643 placed that important road openly and formally in the
Cotton Acreage and Stand in 1378 633 I
Vanderbilt control; this change is certainly some basis
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
I Quotations of Stocks and Bonds... 647 of fact for rumor to work upon, and the significance of
CONTENTS.
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r
Railway Stocks, Gold Market,
| Investments, and State, City
Foreign Exchange. N. Y. City
I
Corporation Finances...
Banks, Boston Banks, etc
615 |
„
and
653
THE COMMERCIAL TIMES.
659
655 1 Breadstnffs
Commercial Epitome
Cotton
655 | Dry Goods
659
i
?ppe Chrmikte.
Satur¬
day morning, with the latest news up to midnight of Friday.
The Commercial and Financial Chronicle is issued on
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RAILROAD STRATEGIES AND COMBINATIONS.
The return of Mr. Vanderbilt from his recent Euro¬
trip has been followed by several interesting move¬
ments in the game which the railroad managers seem to
be playing for the control of the business which is not
sufficient to employ all their carrying facilities. Rumor
ascribed his trip to an intention to arrange more com¬
pletely for connection with a prominent European
steamship line, and, on the other hand, to secure the
control of the Atlantic & Great Western line, which is
practically an English property; the object of the latter
part of the plan, according to the reports, was to make
available, in a certain competitive sense, the recent com¬
pletion of the Rochester & State Line road to its junc¬
tion with the road just referred to. The disruption of
the east-bound freight pool, by a failure to agree upon
terms of renewal just at the beginning of the active
pean
these movements and counter movements is
an
interest¬
ing subject for inquiry.
The fact upon which the whole turns is that, while
general traffic is dull we have an enormous yield of grain
yet, a ready customer for it in the Eastern States and
Europe, and therefore a necessity for large transports^
tion in one line of freights. Still, it is a small line of
business compared with the carrying capacity of the
roads, and therefore the grain trade is the stake for
which this game is played, and Chicago is the objective
point to be reached. Across this State Vanderbilt owns
the principal line; between this State and Michigan he
the American side, and the
Great Western and Canada Southern on the Canada side;
controls the Lake Shore
on
Michigan, he had the Southern road already, and
acquired the Michigan Central, which is the
connecting link of the two Canada roads. North of
these latter two is the Grand Trunk, which, like the
Great Western, has two termini—one at the Southern
end of Lake Huron and the other at Detroit, connecting
at the latter with the Michigan Central.
Other than
by the last-named road, the Grand Trunk has at
present two ways of reaching across Michigan: one
is
by the Detroit & Milwaukee road, which,
however, is subject to the three disadvantages of not
reaching Chicago, of not being all-rai1, and of being
closed in winter; the other U by the Chicago & Lake
Huron line, which reaches Chicago at present by using a
short piece of the Fort Wayne road for its western end.
The Lake Huron road is in foreclosure, and the rumor is
across
has
now
that Vanderbilt will
thus
or
may
get control of that also,
cutting off the Grand Trunk from an uncondi¬
Chicago and giving him virtually
tional connection with
the control of all the Western routes north of the lakes.
It is unsafe to take for
granted any railroad move¬
becoming publicly accom¬
plished facts; but, supposing this step were contemplated,
what would be its probable object ? A rancorous and
revengeful feeling, although it may qualify somewhat
the action of a railroad manager in some minor matter,
ments in
such
as
advance of their
whether he shall take this
or
that
position in
respect to a pool combination, for the sake of punishing
a rival, cannot become the permanent controlling power;
managing
would
be
road with the final object of hurting a rival
too preposterous to be possible.
Hence, it
a
THE CHRONICLE
r**
'
seems
clear, suck
an
can
to
character of the Vanderbilt roads
(in which they have
parallel in the world), namely, that they carry the
great bulk of the Vanderbilt interest in respect to prop¬
erty, name, and family pride, it is as certain as anything
in human action can be that every effort will always be
put forth to keep those roads out of insolvency. But
as soon as any one of the four trunk lines breaks down
financially, it becomes a vastly worse competitor than
before; it becomes dead weight for the others to carry.
All rumors of impending “ wars,” which have for their
object, on his part, the bankruptcy of any of his rivals,
may be treated as unfounded.
no
An intention to
coerce
the other roads into
a
reduction
of rates is also
unlikely, because the rates are unremunerative now. The most probable solution of the Van¬
derbilt attempt to control all the roads across Michigan
—supposing such an attempt is in his plans—is that he has
not abandoned what was the Commodore’s determined aim,
111
t*"J>
.
1
■■
'JLL.
.Irtml
V>,
V I' III
to guage that tendency.
But when one attempts to measure the change in a county
or State by a percentage, it becomes quite another
problem,
calling for exact information which could only be acquired
by means of an annual census.
It is quite essential that this fact be kept in mind every
year to ensure a correct interpretation of acreage reports.
Futhermore, and for a like purpose, it should be remem.
bered that, whatever the fluctuations from season to season,
there is progress in this industry as well as in all others in
this country.
Some years there is no advance in the plant¬
ing, and occasionally a season will show even a retrograde
movement; but every period of five or ten years discloses
a constant growth, which is well illustrated by a simple
statement of the total crops raised since 1828.
acquirement of control as is above tendency, and in
have but one of the following objects:
bankrupt one or all of the other three trunk
lines; to punish them into submitting to reduced
rates; or to induce them to raise rates or to maintain
a uniform schedule.
In the first place, no man of sense
could suppose that the Grand Trunk can be actually
cut off from a Chicago connection.
In the next place,
to bankrupt the Pennsylvania and the Baltimore roads
is an undertaking rather too large for even Mr. Van¬
derbilt’s most sanguine estimate of his own powers;
and, furthermore, he is the last man who should desire
the bankruptcy of either of them, for the specific reason
we have already urged.
Remembering the peculiar
supposed
MjI^M
1
638
some measure
TOTAL CHOPS OF THE UNITED STATES.
Years.
Years.
Quantity.
720,593
1843-44...
1859-60...
857,744
976,845
1830-31... 1,038,847
1831-32...
987,477
1832-33... 1,070,438
1833-34... 1,205,394
1834-35... 1,254,328
1835-36... 1,360,725
1836-37... 1,425,575
1837-38... 1,804,797
1838-39.
1,363,403
1839-40... 2,181,749
1840-41... 1,639,353
1841-42... 1,688,675
1842-43... 2,394,203
1844-45...
1852-53...
2,108,579
2,484,662
2,170,537
1,860,479
2,424,113
2,808,596
2,171,706
2,415,257
3,090,029
3,352,882
1853-54...
3,035,027
1854-55...
2,932,339
1872-73...
1873-74...
1855-56...
3,645,345
1874-75...
3,056,519
1857-58... 3,238,962
1858-59... 3,994,481
1875-76...
Years.
Quantity.
Bales.
Bales.
1827-28...
1828-29...
-
1829-30...
.
Quantity.
1845-46...
1846-47..
1847-48.
1848-49...
1849-50...
1850-51...
1851-52...
Bales.
4,823,770
1860-61... 3,826,086
1861-65...
*
•
<•••••••••
1865-66...
2,228,987
1866-67... 2,059,271
1867-68... 2,498,895
1868-69...
1869-70...
1870-71...
1871-72...
1856-57...
1876-77...
U877-78...
2,439,039
3,154,946
4,352,817
2,974,351
3,930,508
4,170,388
3,832,991
4,669,288
4,485,423
4,750,000
*
Years of Civil War; no record of crop.
t Estimated.
Evidently these figures teach progress. Since the war,
instance, there was a time when the planting was such
cities. In this view he might say to his rivals, “Let us
that a minimum crop was 2 million bales, and a maximum
now stop destroying one another, and let us make the
was
2£ millions ; then it rose so that the minimum became
best of the situation by establishing and maintaining
3 million and the maximum 4 million ; and now the mini¬
rates by which we can live.”
This view, at least as
mum has become 4 million and the maximum 5 million and
respects the subject of living rates, is fully borne out
l>y his letter just made public (and which we give upwards. Even had there been no acreage reports pub¬
in full in another column), wherein, with excellent lished, every person reading these figures would find in them
clear proof of a pretty regular and very decided growth in
sense, he urges (as these columns have often urged) that
cotton planting.
in the long run unremunerative rates hurt everybody,
With the help then of these suggestions—the application
even the shippers and producers, who temporarily gain
of which we shall see more fully as we proceed—we are
by them. He argues that pools cannot make rates
exorbitant; that rates are now unremunerative and are prepared to study the special facts respecting this season’s
lower than any legislature would venture to prescribe; acreage, drawn from the reports we have obtained. We
first present the details with regard to each State.
that the division of tonnage is the best plan yet tried*
the maintenance of uniform rates to all the sea-board
for
North Carolina.—The
opened early. In fact, the
satisfactory that in a considerable district the seed
was in the ground by the first of April.
March, April and May
were very favorable months, except a want of rain in some sec¬
tions in April, and an excess of rain in May.
Still, notwithstand¬
ing these complaints, the average condition of the crop was on
May 1st decidedly better than last year, and fully a week to ten
days earlier. June has been rainy thus far, with heavy local
hail-storms, but our observations show no more rain or damage
than in June last year; but of late it has required in some
important counties active work to keep down the grass, and
less true.
The connection between railroads and all warm, dry weather just now is very desirable. There is an
increase in acreage in the more productive cotton counties, of
industry is intimate, and neither can have any real and
say three or four per cent, but in those counties where cotton is
permanent prosperity at the expense of the other. less largely raised, wheat or tobacco is given the preference this
“
Live and let live” is the soundest motto, and it is quite year. Of commercial fertilizers no particular change in the
and that “
stability of prices, fair rates for transporta“tion, equitable dealings with shippers, and general
“prosperity, can be had only through some form of
“
understanding embraced in what is generally styled a
“pool”
This may be taken as the answer to reports that he
will endeavor to break up the existing pool on west¬
bound freight. Even if the writer of these timely words
were wholly insincere in them, they would be none the
time to
earnestly try to conserve railroad property.
weather
amount used is
made
COTTON ACREAGE AND
We have often
STAND
IN
1878.
remarked, in giving our annual acreage
reports, that we did not claim to be able to state with
perfect accuracy the increase or decrease in the planting of
any section. Such an investigation as we make, can, how¬
ever, be always relied upon as reflecting truly the
season
was so
manures
reported, but a very decided
is noticed almost everywhere.
advance in home¬
South Carolina.—This State has had a double impulse
given
production the present season. First, the continued hard times
have produced a natural tendency aU\ over the country, in the
Northern States as well as in the Southern, to go to work and raise
crops. Very seldom, if ever, in our history has there been a time
when men were so generally forced into acting upon the belief that
only in the sweat of thy face shalt thou eat bread. A necessity
so urgent could not fail to result in' an increased planting of
to
THE CHRONICLE
Jon* 29, 1878.]
cotton/ and in fact is the special cause for the season’s progress
& that direction in all the Southern States. But besides this, in
South Carolina there has been an additional inducement, and that
£g the good government which has been established during the
year, and the remarkable improvement in the laboring class,
guch changed conditions are synonymous with new hope, new!
confidence; and these find expression in the renewed industry
which is everywhere observable. It is impossible to accurately
measure the result of all this in adding to the acreage.
From
-the reports received, and the known influences at work, we should
be inclined to place the increase above any of the es imates we
have seen; but we call it only 5 per cent, as that is the conclusion
of the Charleston Cotton Exchange, and is certainly an inside
figure. With regard to condition little need be said; rains have
been more frequent than desirable during June, and the temper¬
ature lower; but with those exceptions the surroundings have
been very favorable all through the season, and to-day the plant
is much more advanced than last year, and more promising.
'
promising, but in some important sections the late rains have
anxiety, though we do not learn that they have done any
harm which two weeks of good weather would not cure, except
that the forwardness of the crop may have been to some extent
caused
lost.
,
-
Texas.—As usual, this State shows a rapid increase in the pro?
duotion of all crops, corresponding to the increase in labor And i&
We wonder that a census has not been taken bf the
there, furnishing more definite data than we how
have on the general subject of acreage and production. Judging
from the Texas cotton crop of this year, after the pull-backs it
suffered, one cannot but incline to the opinion that the area
planted is even now understated. When we revised our acreage
figures in 1876, we found less official information in Texas to help
us than in any other Southern State.
According to the best esti¬
mate we can make, there is an increase this year of from 6 to 10
per cent, and we rather incline to the latter figure, but put the
There nev£r was a season since our record
average at 8 per cent.
Fertilizers are in increased use, both commercial and home-made. began when the condition of the crop was so promising as it was
Georgia.—Probably better progress has been made in Georgia on the first of June. In the lower half of the State it was unpre¬
than in any other Southern State in the matter of reorganizing its cedentedly early, blooms and bolls being abundant at that time.
industries. In this work the evident attempt of late years has been Since then there has been too much rain; but if the weather turns
to diversify crops, and the tendency, in the interest of economy, warm and dry now, we may look for very early cotton and an
towards food products, so that cotton planting during that period excellent yield in the State.
has rather retrograded than advanced. As a consequence the
Arkansas.—There is but little, if any, Ghange in the acreage
planting interest of the State has been surely getting into a much, under cultivation throughout the southern half of Arkansas, as
better condition. To an extent this latter fact is true of the compared with last year. The same can be said of the north¬
Whole South; but Georgia has reaped greater advantages from its eastern quarter of the State. The western central portion, and
earlier start, and now (1) with a common impulse the country the northwestern quarter, and along the Arkansas River Valley,
over to increase acreage in everything, she adds (2) an enlarged
from Little Rock northward, is constantly increasing its acreage
abilitysto do it, ensuring the result which is found to exist, to and population, and a general spirit of thriftiness and enterprise
wit, an increased area in cotton and all other important crops. appears to pervade the entire people of that section. We average
To illustrate this we give the following from Mr. Janes’ (the Com¬ the increase for the State at three per cent. The condition of the
missioner of Agriculture for the State) report for April of the crop, taken as a whole, is from fair to excellent, though all sec¬
acreage in crops, compared with last year. Of course, 100 is the tions have had more rain than needed, and many localities are
unit-of comparison, so that 104 means 4 per cent greater in 1878 suffering for want of sunshine and dry weather.
This is gener¬
than in 1877, &c.
ally the case through the entire northern half of the State, and
CD
particularly in the extreme northeast and northwest points. In
Acreage in1878,
i
O
the latter the wheat has been greatly damaged by continued rains
compared with
bb
a
and dampness, since cutting.
1877.
The northeastern portion produces
OD
much grain, but its chief resource is cotton.
This would
87 100 101 106 110
North Georgia.. 104 105 108 103
Middle Georgia. 100 104 106 102 102 82 108 103 101 125 prove a very full crop if it could only receive the work
S’weat Georgia. 103 107 146
99 109 93 105
87 132 now needed ; the grass and weeds, however, are reported as
East Georgia..
106 112 112
97 111 80 107
119
145 becoming troublesome.
The southern half of the State can be
S’east Georgia.. 108 107
105 117
111
150 107
reported upon quite favorably. Good stands are universal, and
General average 103 108 118 101 109 85 107 102 103 128 the crop generally is much advanced in comparison with 1877Here is growth everywhere.
With regard to cotton, however, three weeks at least—and the general condition is go6d, though
our reports show a more decided progress than the above.
We in some counties—only a few, however—too much rain has fallen.
think the loss in area of two years since has been more than recov¬ Taken as a whole, the general prospects of crops for the season
ered, and that the Georgia cotton acreage is now in excess of 1875. are very flattering, and never before raised with so small an out
Still, we pht the increase at only 5 per cent over last year, so as to lay of cash. At present, some apprehensions are being had by
have an inside figure. As to the stand, it is excellent; the condi¬ planters upon the Arkansas River, owing to fears of an overflew.
Tennessee.—The principal cotton counties in this State show
tion (except in some places where the late rains have not given
time to keep the grass down) is clean and very promising; and in in the average no very material change in acreage. In however
development it is the most forward crop within our record. Early the sections where comparatively little cotton is ever raised, still
less has been put in this year.
Taking the State together, then,
receipts must be large.
Alabama and Mississippi.—These two States report conditions there may be a slight decrease, but it is less than one per cent,,
The stand and
very similar to one another this season. In both of them we find and we therefore leave the figures unchanged.
a disposition, and with few
are
condition
reported
excellent,
very
many
saying
never bettor,
exceptions quite general, to make
and
more cotton than last year.
fully ten days earlier than last year. Increasing thrift is
We have averaged the increased
acreage at 4 per cent in each State. It is surprising after a year observable among producers, and, without doubt, this crop, if the
of such low prices to find an increase also in fertilizers used, and yield is good, will cost the planter less per pound than any pre¬
in these States especially, where heretofore so little has been done vious one.
in that direction. Of course it is only from the upland counties
conclusions.
that such reports come; but this tendency is coupled with a dispos¬
From the foregoing we reach the following results :
ition to use more thoroughness in cultivation and to give increased
First—That the tendency this year is towards an in¬
attention to domestic manures. The stand in both States is excel¬
Corn. Oats.
Sorghum
Wheat, Cot n.
•
•
•
|
Rice.
authorities
Clover. German milet. Chufas.
j
•
•
.
•
•
•
....
....
....
....
lent, and the condition (before the late rains, which, by the way,
have done no considerable harm) as good as it ever is, With the
crop we should say as early, if not earlier, than any in our record.
Louisiana.—Although there is a decidedly new courage and new
zeal manifest throughout Louisiana in all productive
enterprise,
and a more efficient condition of the labor class, there does not
appear to have been any large increase of the cotton area. In the
counties where sugar can be raised, the disposition is to turn the
attention more and more in that direction as the better
paying
crop. Still, in some counties there is very decided progress in
66tton Raising and on the average for the State probably some
thcrease; but as it is in any event small we leave the figures the
same as last year. The stand the first of this month was excel¬
lent and' the crop two weeks earlier than last year and very
capital.
due generally to the necessities of the
times, with, in some of the States, other inducements added*
Under such circumstances it is especially difficult, as we
said in opening, to measure the increase with exactness,
but we have endeavored to understate it in every case and
creased acreage,
believe
we
have.
This is
our
usual custom.
We fear,
however, that last year we erred too greatly in that direc¬
tion ; that is to say, judging from the yield, the increased
acreage must have been much larger for that year than
estimated.
This is explained further on. We now give
.
the
following
yield:
as
the basis for* this year’s calculations as to
640
THE CHRONICLE.
STATE8.
North Carolina
South Carolina
Estimated Acreage for 1878.
Aotual
Acreage, '77.
Increase.
2 per
577,220
893,760
..
...
Georgia
5 per
5 per
Decrease.
588,764
938,448
1,693,251
220,500
2,060,604
2,075,590
1,285,250
1,559,844
1,121,670
725,200
1,612,620
ct.
220,500 unchanged. unchanged.
4 per ct.
1,981,350
Florida
Alabama
Mississippi
4 per ct.
1,995,760
1,285,250 unchanged. unchanged.
8 per ct.
1,444,300
3 per ct.
1,089,000
725,200 unchanged. unchanged.
Lousiana
Texas
Arkansas
Tennessee
Total
11,824,960
This shows
3*75 per ct.
12,269,121
average increase in acreage for the whole
South of 3-75 per cent.
The acreage and production of
each State for the previous three years have been as
.
1873 April cold and dry.
May, first two weeks favorable everywhere,
rainy, more especially in coast half of
States. June, too rainy in about same half of the Atlantio and
Gulf States, but upper half, and almost all of Arkansas and Ten¬
but last
Acres, '78.
ct.
ct.
an
follows:
rvoL xxvj.
nessee,
two weeks
favorable.
1874 April, like March,
was very rainy.
flood for 30 years. May, a severe
All rivers overflowed.
Worst
drought in almost all the South,
except Atlantio States. June, more favorable, especially last
half of month; but planting in the flooded district of the Missis¬
sippi Valley and its tributaries not completed till after June 1.
1875 April, like March,
was
all of it too cold, especially the first week;
otherwise the month favorable, the temperature gradually mod¬
erating. May continued cold the first two weeks, but subsequently
was warmer and otherwise very favorable.
June, fine growing
weather nearly everywhere.
1876 April, excessive rains in the Western and Gulf States early part of
"month, causing rivers to overflow, but they quickly receded in
good part; last twenty days generally favorable. May very
favorable almost everywhere, except heavy local showers at few
points; fields well worked. June, some very heavy showers, but
almost wholly confined to the counties near the Atlantic coast;
elsewhere favorable.
1876-77.
1875-76.
Product’n
..
Acreage.
N. Car.
607,600
931,000
1,581,000
220,500
1,887,000
1,919,000
1,212,500
1,313,000
1,089,000
740,000
0. Car.
Ga....
Fla
...
Ala....
Miss..
..
Texas.
Ark...
Tenn..
Product'n
Total
Total
Bales.
1*..
Prodnct’n
Total
States.
1874-75.
Total
Total
Acreage.
225,000
620,000
315,000
950,000
478,000 1,700,000
55,000
225,000
560,000 1,850,000
639,000 1,900,000
578,000 1,250,000
735,000 1,300,000
590,000 1,100,000
310,000
740,000
Total
Acreage.
Bales.
Bales.
260,000
330,000
420,000
60,000
600,000
670,000
650,000
690,000
650,000
339,000
591,000
866,000
1,650,000
220,000
1,800,000
1,880,000
1,150,000
1,175,000
950,000
700,000
273,000
360,000
460,000
55,000
520,000
550,000
520,000
535,000
400,000
160,000
Total.. 11,500,600 4,485,000 11,635,000 4,669,000 10,982,000 3,833,000
1877 April opened with seasonable weather, but after the first week
heavy rains flooded lowlands, and suspension of planting wai
reported in portions of nearly all the States; later conditions
favorable, but temperature low. May, first half too rainy, but
balance of month decidedly more favorable, so that crop gen¬
erally well cleaned. June showery, with very heavy rains at
some places; in most cases quite local, however.
Arkansas overflowed first of month.
-
1878 April, like March, was satisfactory for getting in the crop and
securing a good start. May was also generally extremely favor¬
able, so that the plant made splendid progress; more rain than
needed was reported at a few points, but the general condition at
close of month was excellent. June, too much rain in parts of
all the States, but especially in the Southwest; otherwise gener¬
ally favorable; but the latest reports show little damage done
anywhere that dry weather cannot repair, and the later weather
decidedly improved.
With such
The
yield
each year since 18G9-70 are below.
Of course, the figures of this season cannot be known until
September; but those given are useful as a guide to crop
per acre
may
early conditions, the history of each
be briefly stated as follows:
Stand.
Year.
estimates:
1876- . 1875-6. 1874-5. 1873-4. 1872-3. 187-2. 1870-1. 1869-70.
STATES.
North Carolina
163
185
203
194
176
171
223
204
South Carolina
148
153
183
177
136
140
170
160
Georgia
133
109
122
129
139
101
152
115
Florida
109
117
110
165
165
122
173
140
Alabama
130
143
127
140
151
155
180
154
Mississippi
146
155
129
156
167
146
172
134
Louisiana
209
229
199
204
226
181
240
203
Texas
246
234
200
220
231
140
195
157
Arkansas
238
260
185
194
227
159
260
198
Tennessee
184
202
100
188
190
171
213
184
171
177
154
169
177
147
191-
158
Total
very
1870. clean and
strong.
Pounds per Acre.
to
condition
cultivation, and maturity
plant, we can add but little to what we have
said in our analysis of the States.
Evidently the
crop is far. more forward than last year, and much of
it in advance of any crop for many years.
Without
doubt the early receipts of new cotton will be
large.
We expect to see a good movement even in August and in
September a remarkably full movement. Before the late
rains the plant was almost everywhere
strong and healthy,
fcnd the fields clean and well cultivated ; now, in a consider¬
able section, there is work to be done, but the
changed
weather, if it continues for a time, will permit speedy
recovery and give us an unusual promise.
For the sake
of comparing the early conditions with previous
years, we
have prepared the following epitome of the weather :
Good, clean Drought at Favorable.
Yield, 3,930,500.
points Killing frost Oct. Increased crop
and strong some
1872.
and excessive 14 & Nov. 13 to 18.
32:13 per cent.
almost ev¬ rains at others.
Picking closed Dec. Increased acreage
15 to 31.
9*75 per cent.
erywhere. Shedding, &c.
Two-thirds Too much rain Favorable weather Yield; 4,170,000.
good and on the coast. Killing frost Oct. Increased crop
1873. one-third Caterpillars in 28 to Nov. 20.
6*09 per cent.
poor and Ala. and Ga. Picking closed Dec. Increased acreage
10*59 per cent.
grassy.
Shedd’g badly. 1 to 31.
,
Very irregu¬ Great
clean and
well culti¬
Texas, where there
a
was
very
little rain.
rainy, except
June very rainy every¬
portion of the interior.
18 < 2 April very favorable, except the second
week, when there was a
severe storm, making the rivers overflow.
May, first three weeks
too dry, but the last week splendid showers
everywhere. June,
«•
fine month for growth and cultivation.
plaints of too much rain.
vated.
The last week
some com¬
drought Favorable weather Yield, 3,833,000.
Tennessee, Killing frost Oct.
1875.
clean
ev¬
never
.
with high tem¬ Picking closed be¬
fore Dec. 10.
Decreased crop
8*08 per cent.
Increased acreage
1-54 per cent.
Yield, 4,669,000.
Dec., Excessive rain.
Increased crop
very Killing frost Oct.
excessive
at
many
points.
12 to Dec. 18.
21-81 per cent.
Picking closed Dec. Increased acreage
bet¬ Shedd’g badly. 15 to 31.
5-95 per cent.
erywhere
ter.
13 to 31.
perature.
Stand excel¬ Aug. to
lent and rains
;
Stand good
and clean;
Caterpillars in Favorable.
Yield, 4,485,000.
Alabama, Mis¬ Killing frost Oot. 1 Decreased crop
not
to
8, except in At¬
quite sissippi
and
3-94 per cent.
1876. as perfect, Tex. Drought lantic States.
though, as in Northern Picking closed Dec. Decreased acreage
year
pre¬
vious.
10 to 25.
Texas.
1-16 per
cent.
Stand good Weather favor¬ Oct., Nov. & Dec., Yield, *4,750,000
able and sum¬ unusually severe
but unusu¬
mer
growth rains in Western Increased crop
ally late; fairly satisfac¬ and Southwestern 5*58 per cent.
1877. fields dean tory; crop Sept. States.
1
and
well
cultivated.
*
was more favorable than the last half of March, the whole
of March being cold and rainy. May very cold and
in
1874. perfect,but Arkansas, Ac.,
of the
1871 April
and Favorable weather Yield, 4,352,000.
complaints Killing frosts from Increased crop
Oct. 20 to Nov. 20.
37-94 per cent.
few, except Picking closed Dec. Increased acreage
5 to 25.
13-90 per cent.
shedding.
Sickly,weak Rainf'l general¬ Favorable weather Yield, 2,974,000.
Decreased crop
and
very ly an average, Killing frost Nov.
16 to 18.
1871.
31*66 per cent.
but
grassy ev¬
drought Picking closed Nov. Decreased acreage
10*75 per cent.
erywhere. very harmful. 15 to Dec. 10.
lar and im¬
where, except
Years' Results.
Stand excel¬ Favorable
lent,
Second.—As
Oct. to Dec.
July to Sept.
year
in
good Killing frost Nov. Increased acreage
12.
Picking closed Dec. 2*8 per cent.
condition, but
late.
25.
Estimated.
The
..
foregoing will be of increasing interest as the season
developed are—an increased
acreage of 3*75 per cent; the stand as near perfect as any
year in our record ; the crop unusually early and promis¬
ing. With these conditions as the basis of our calculation,
we shall all know how to apply subsequent reports and
advances. But the facts thus far
June 29, 1878.
641
THE CHRONICLE
|
changes of weather. But to assist the reader in making
the comparison, we add a fuller record than in the above
table of the weather from ♦July to December during pre¬
vious years.
1871 July, weather apparently very favorable. August, also very favor¬
able, with limited exceptions, yet plant shedding badly every¬
where.
September to December, weather favorable but plant
sheds- and little fruit ripened. Killing frost November 16 and
18. Picking closed about November 15 to December 10.
1872 July, too rainy in about one-third the South. Alabama rivers
overflow; rest favorable. August, drought complained of in all
but a portion of Atlantic States, where there was too much rain;
bad shedding reported in extensive districts. September', unfav¬
orable reports continued, but weather fairly favorable.
October
to December, fairly favorable; horse disease delays crop.' Killing
frost was delayed everywhere, except in Tennessee, till November
13th to 18th. Picking closed from December 15 to 31, though at
some points earlier.
1873 July quite favorable. August, too much rain on the coast at
Charleston, Mobile, New Orleans and Galveston, elsewhere
fairly satisfactory; caterpillars did injury in Central Georgia and
lower half Alabama; shedding badly in some districts. Septem¬
ber, except on the very coast, no more rain than desirable.
October to December fairly favorable. Killing frost in the Gulf
Picking closed from December 1 to
December, weather seasonable and more favorable than
able.
the average.
To convey an
idea of the extent of the rainfall the latter
part of 1877, we give the following statement. Had we
left ont from this table August, the record against 1877
would have been much more marked, for August 1875
was an unusually rainy month.
rainfall by
sections—August to December, inclusive, (five months).
Stations.
1872.
1873.
24*28
19-37
25*76
24-40
27-65
28-05
33*21
1874.
1875.
1876.
16-83
22-41
17-17
15-29
20-37
32-31
37-88
15-86
1877.
19-99
20-35
20-62
20-35
24-62
33*38
48-31
24-62
25-96
Total....
ii
93-81 108*90
78-15
70*73 115-18
132-27
Augusta, Ga
Atlanta, Ga
ii
1417
ii
15*44
2000
17-46
C^lumbos, Ga
Macon, Ga
23*60
14-92
17-16
ii
1811
1504
18-50
16-22
Inches.
Norfolk, Va
Wilmington, N.C.
ii
Charleston, S. C..
ii
'
ii
Savannah, Ga...
18*04
1617
19-15
24-24
17-90
ii
29*61
32-84
76-64
77*46
67-87
74-55
ii
15-96
21-71
20-17
13-24
26-47
2112
2911
23-48
12-54
13-42
21-65
22-18
25-98
30-53
41-67
24-32
26-20
18-86
19-93
17-99
34-21
36*44
45-14
26-77
69-79 122-50
82-98
142-56
11*35
15-67
17*20
14-22
1501
13-63
14-80
1508
16-36
13*56
14-69
15-40
9-90
16*19
18*57
14-27
ii
21-14
......
Total
Mobile, Ala
New Orleans, La
Galveston, Tex..
Indianola, Tex...
and 29, and in the Atlantic
and Western States October 28
States November 5 and 20.
and heavy rains. November, storms and rain continued frequent
and severe first half of month; subsequent weather more season¬
ii
ii
ii
Total
Montgomery, Ala
ii
7108 10018
ii
16-29
1514
ii
13-27
21-33
23-89
18-87
31-12
26*94
31, though at a few points earlier.
Shreveport, La..
29-40
1874 July fairly favorable, except severe local storms on the coast Fayette, Miss....
30-32
24-97
Vicksburg, Miss.
115-21 12-43
and drought in Memphis district.
August, Memphis drought Columbusj Miss..
3103
33-52
29-35
continued and extended until taking in all Tennessee, Arkansas, Little Rock Ark
16-19
12-46
19-58
18-73
19-59
northern portions of Louisiana, Alabama, Mississippi and Texas; Nashville, Tenn..
22-85
23*32
12-53
2106
1700
Memphis, Tenn..
shedding very profuse. September, fine rains everywhere and Corsicana, Tex..
18-91
2216
weather favorable. October, killing frost at Memphis and Nash¬
95 02 203-71 128-43 196*04
71*63
86-82
Total
w
ville October 13 and 14, and almost everywhere else at close of
month. November' and December favorable. Killing frost gener¬
Third.—The possibilities of the crop can be easily de¬
ally November 1. Picking closed generally before December 10.
For previous years the annual total of acres
1875 July fairly favorable, though rains were more abundant at some termined.
points than needed. August, rains very excessive at many points, planted and the yield per acre and
may
and Mississippi overflowed at Memphis; shedding, &c., widely
and strongly complained of. September, less rain, except in briefly as follows:
Texas (mainly the coast) and parts of Alabama mid Georgia.
Net
ii
*
......
......
ii
ii
......
•
•
.
.
.
.
ii
ii
ii
a
a
be stated
total yield
"
October to December—Excessive rains in November and Decem¬
ber in Mississippi Valley and Gulf States, and the weather turned
quite cold in December. Killing frost at Memphis and Nashville
October 12, and elsewhere from November 10 to December 18
Picking closed from about December 15 to 61.
1876 July fairly favorable, though the rains in considerable sections
were more abundant than needed.
August, caterpillars reported
to have done great harm in lower third of Texas, parts of Ala¬
bama and Mississippi, and rains excessive in some sections,
though not in the Alabama and Mississippi caterpillar districts.
September, caterpillars did great harm in Texas; severe drought
in northern part of Texas; excessive rains on the Atlantic coast;
otherwise favorable. October, killing frost in Mississippi Valley
October 2dY drought in Northern Texas continued; otherwise
favorable. November, quite favorable, except closed cold. De¬
cember, cold. Killing frost in the West and Southwest from
October 1 to 8, elsewhere November 8 and 10. Picking closed
from December 10th to 25th.
1877 July generally very favorable for development of crop, though
temperature was low. Texas coast counties west of Colorado
River reported great injury from caterpillars.
August very
favorable with few exceptions; coast of North Carolina and in
Memphis too much rain; in parts of Atlantic and Gulf States,
especially north of Texas, reports of harm from drought; shed¬
ding and rust widely complained of. Caterpillars doing harm all
througlrthe lower third of Texas. September weather, though
considerable rain fell, was fairly favorable for maturing and
gathering crop, except third week, when there was a very severe
storm in Gulf States; also more rain in North and South Carolina
than desirable. October, first half generally favorable for picking,
Ac., except tornado
tions of Texas.
on
the 7th in northern and northeastern
Balance of month remarkable for
RAINFALL
AND
severe
sec¬
storms
Acres
YEARS.
planted.
1869-70
1870-71
1871-72
........
8,766,653
9,985,000
8,911,000
1872-73
9,780,000
1873-74
10,816,000
10,982,000
11,635,000
11,500,600
1874-75
1875-76
1876-77
1877-78
*
These
11,824,960
Founds acre.
Crop
pounds net.
weight
crop.
per
bale.*
3,154,946
4,352,317
2,974,351
3,930,508
4,170,388
3,832,991
4,669,288
4,485,423
14,750,000
434
per
158
1,369,200,000
1,906,300,000
1,305,700,000
1,729,400,000
1,830,800,000
1,682,700,000
2,035*800,000
1,945,600,000
2,080,500,000
191
147
177
169
154
177
171
181
the net weights of American cotton
are
Bales
in the
438
439
440
439
439
436
436
438
imports into Liver¬
pool, according to the Liverpool Cotton Brokers’ annual circular,
t Estimated.
This statement, taken in connection with the unfavorable
features of last year’s growth (especially its late maturity*
caterpillars in Texas and very stormy and rainy fall), would
tend to show that the acreage planted in 1877 was under¬
estimated ; for it does not seem possible that with such
conditions the yield per acre should have been larger than
that of any season since 1870-71. Of course, however, if
last year’s planting was underestimated, this year’s, which
is based upon it, must also be ; and in making calculations
as to this year’s crop allowance will have to be made for
that fact.
TEMPERATURE
FROM
JANUARY
TO
JUNE.
In confirmation of the conclusions reached above with
regard to the present condition of this year’s cotton crop, we
give in the following comparative table the rainfall, number days of rain, highest, lowest and average thermometer, for
each of the last five months for four years. These figures are in all cases, where the Government has a station, obtained
from the Signal Service Bureau ; in all other cases, they are the records of our own instruments kept by our corre.
spondents for us.
'
JANUARY.
FEBRUARY.
MAY.
APRIL.
MARCH.
Stations.
1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875. 1978. 1877. 1876. 1875.
1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875
*
Norfolk—
Rainfall—Inches
602
Number days of rain.. 16
Thermometer—High’s};
"
**
.
-
620
Lowest 180
Av’age. 40*4
3-85
1-37
5-89
206
14
7
75-0
210
47-7
18
540
14-0
36-2
12
73-0
160
39-0
^
•
•
700
290
1-47
5
660
27-0
44-2
43-0
3-96
2-95
11
10
73-0
190
45-0
760
9-0
1-21
9
78-0
30-0
37*9
53-8
4-85
16
4-10
8-09
4-50
9*98
9
14
17
77-0
29-5
47-4
73-0
19-0
46*5
19
740
26*0
46-7
86-0
42-0
83*0
380
55*0
60*1
■
•
2*72
14
83*5
37*0
55*3
•
2*24
6*01
2*84
4*42
12
16
13
11
8
80*0
27*0
89*0
44*0
66*2
960
430
89*0
38-0
63*1
65-7
95*0
45*0
65*2
52*2
•
.
:
2-29
•
■
r.
Wilmington—
Rainfall—Inches
7-52
Number days ef rain.. 13
Thermometer—High’st
^
>
•
"
670
2-37
10
....
Lowest. 21-0 t570
Av’age. 46-1 461
0*52
6
76-0
200
51*9
5*52
18
70-0
21-0
43 3
4-57 1-65 304
8
6
10
’
710
77*0
31*0 t430 240
1-97
2-33
4-52
4-54
9
78-0
150
12
11
150-6
51-2
45-9
5
840
34-0
59-3
75*0
22*0
52-6
.
^
48*1
51-1
53-4
1
4-55
19
75*0
28-0
54-4
2-41
6*61
7
11
870
400 t49*0
63-6 601
2*82
8
870
38*0
60*8
3*92
4*80
2*36
11
89*0
10
10
95*0
430 t47*0
58*5) 68*9 64*5
28*0
....
3-44
9
93*0
38*0
67*5
2*84
8
90*0
43*0
68*4
THE CHRONICLE.
642
#
.
itouxxv*
♦
1
JANUARY.
FEBRUARY
MARCH.
APRIL.
MAY.
Stations.
1878. 1877. 1876.
*1875.
i
1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875. 1878. 1877.
«
CharlkstonRainfall—Inches
7*83
Humber days of rain..
15
4*44
11
710
26*0
51-2
Tbennometer—High’st
690
Lowest. 300
Av'age. 50-4
“
44
2*43
4*27
1-94
7*86
6
78*0
31*0
54*6
10
12
730
28*0
49*2
8
830
41*0
52*2
2*96
8
700
350
51*7
2*24
4*30
2*98
5*17
0*75
7
12
9
7
68*0
10
71*0
22*0
53*6
26*0
44*9
29*0
49*8
73*0
32*0
49*5
78*0
25*0
52*3
78*0
22*0
46*9
85*0
33*0
3*32
5*60
300
9
2*17
5*37
6*92
11
63*0
11*0
44*0
4
66*0
9
7
67*0
063
7
760
280
55*4
7*77
18
670
30*0
47*3
3*15
12
67*0
320
74*0
32*0
56*8
62*4
2*54
11
760
280
56*6
6*37
16
73*0
35*0
571
|l876. |l875.
908 15*00 4*93
1878. 1877. 1876. 1875
4*56
6*32
8
2*71
3*77
9
10
10
94*0
88*0
74*1
90*0
50*0
68*8
86*0
50*0
71*7
4*71
3*63
1*13
1*97
10
9
8
12
8*51
10
12
9
10
84*0
46*0
67*3
85*0
43*0
83*0
46*0
64*3
82*0
39*0
60*8
2*37
8
89*0
45*0
5*63
4*72
8
85*0
42*0
83*0
35*0
100*0 94*0
52*0 42*0
95*0
43*0
63*9
60*9
75*3
70*2
72*1
1*10
6
91*0
49*0
73*0
4*79
2*25
0*95
5*00
1*84
7
3
6
10
78*0
32*0
94*0
88*0
46*0
5
92*0
50*0
65*0
72*3
76*0
86*0
46*0
75*0
1*11
7
98*0
56*0
76*9
2*04
8 !
94*0
48*0
70*0
63*0
53*0
1
47*0
71*4
Augusta—
Rainfall—Inches
4*19
Number days of rain..
13
71*0
Thermometer—Highest
44
Lowest. 240
44
Av’age. 45*6
4*76
15
78*0
20*0
48*4
1*20
6
78*0
6*77
17
5*98
11
*
62*0
790
31*0
56*0
2*96 11*88
10
15
81*0 76*0
25*0 33*0
54*8 55*4
67*3
15
85*0
42*0
64*1
3*15
6
8*14
13
64*6
80*0
46*0
67*0
6*01
7
80*0
42*0
66*0
6*98
6*00
12
7
81*0
88*0
39*0
47*0
59*2 ) 69*4
8*82
14
85*0
42*0
65*1
5*74
9
86*0
46*0
66*7
5*11
8
84*0
40*0
63*5
7*96
8
80*0
46*0
65*0
9*19
7
82*0
44*0
64*0
3*47
3*28
5
8
93*0
80*0
40*0
65*0
62*0 ,75*0
7*89
2*98
Atlanta—
Rainfall—Inches
5*97
Number days of rain..
8
4*45
13
Thermometer—High’st
65*0
10*0
53*0
6
71*0
20*0
56*0
2*63
10
78*0
27 0
2*39
6
78*0
27*0
8*84
17
74*0
33*0
541
56*8
49*7
6*80
8
71*0
4*63
4
25*0
52*0
5*88
19
75*0
36*0
27*0
47*0
500
0*61
4*48
5*32
10
74*0
32*0
56*7
62*0
Lowest 18*0
44
Av’age
....
Savannah—
Rainfall—Inches
Number days of rain..
2*99
13
74*0
Thermometer—High’st
“
Lowest 26*0
44
Av’age 51*2
59*0
31*0
56*0
74*0
16*0
51*0
2*25
11
75*0
31*0
53*9
1*71
7
72*0
35*0
2*21
9
80*0
29*0
52*5-1
56*5
3*50
6
73*0
3*99
8
65*0
37*0
49*0
2*42
5
73*0
22*0
52*0
25*0
....
14*0
46*0
3*50
9
80*0
30*0
50*7
5*35
•
•
•
•
....
•
•
•
•
....
147
8
84*0
38*0
63*9
7
70*0
24*0
56*0
4*25
12
79*0
31*0
58*5
5*91 10*27
6
11*0
74*0 76*0
22*0 32*0
55*0 56*0
2*71
9
80*0
30*0
58*7
•
77*0
2*25 |3*20
9
94*0
50*0
74*0
12
90*0
54*0
72*9
4*45
7
88*0
46*0
73*0
3*68
Columbus, Ga.—
Rainfall —Inches
Number days of rain..
5*80
Thermometer—High’st
63*0
6
44
Lowest 25*0
18*0
41
Av’age 45*0
46*0
70*0
1*75 10*17 7*90 14*44
9
2
7
12
78*0 70*0 78*0 76*0
34*0 35*0 26*0 32*0
64*0 55*0 50*0 57*0
4*62
8
80*0
46*0
8*93
2*27
5*38
83*6 82*6
8
86*0
5*57
8
62*0
22*0
49*0
68*0
1*00
2
92*0
49*0
72*0
'
5
96*0
56*0
76*0
J ACKSONVILLE—
Rainfall—Inches
3*14
Number
days of rain..
Thermometer—High’st
5
74*0
Lowest 33*0
Av’age 53*3
44
....
80*6 80*6
•
•
•
•
....
30*0
59*0
40*0
56*4
2*14
27*0
9*75
18
75*0
34*0
55*9
55*9
3*05
....
....
36*0
60*2
32*0
55*4
65*4
1*41
15
77*0
30*0
56*7
3*32
t8*65
39*0
5*41
•
v • •
-
-
^
1*80
82*6 85*6
87*0
88*0
860
31*0
60*9
39*0
64*0
50*0
71*3
47*0
68*8
44*0
66*6
1*52
8
98*5
55*0
78*2
8*63
7*31
12
78*0
36*0
7*65
5*11
5*98
2*41
5
86*0
430
65*6
6
9
800
37*0
62*6
940
8
....
....
1*86
9*08
—
..
....
95*6
940
54*0
76*0
74*9
1*58
3*25
52*0
Saint Marks—
Rainfall—Inches
2*95
Number days of rain..
10
....
Thermometer—High’st
68*0
Lowest 29*0
Av’age 47*0
44
44
9
76*0
3*07
8
71*0
29*0
52*6
....
12
77*0
28*0
53*1
....
8
82*0
34*0
61*9
8
77*0
32*0
56*9
61*5
*
6
84*0
47*0
68*2
6*67
3*70
6*71
15
9
21
70*5
Thermometer1—High’st
“
Lowest 25*5
“
Av’age 46*4
74*0
16*0
49*5
77*0
27*0
54*8
74*5
18*0
47*2
Mobile—
Rainfall—Inches
4*57
Number days of rain..
8
6*30
16
5*79
12
Thermometer—High’st
70*0
3*14
6
720
32*0
56*6
72*0
Lowest 28*0
Av’age 48*4
“
“
19*0
50*1
2*59
7
73*0
29*0
50*2
507
7*86
12
78*0
24*0
54*5
16
78*5
22*0
49*6
1*40
4*32
7*15
5
72*0
35*0
53*4
11
75*0
9
74*0
28*0
55*3
28*0
50*9
4*33
9
83*0
42*0
64*5
0*98
4*63
7
82*0
46*0
66*4
5*06
4
81*0
38*0
62*1
7*20 12*50 6*10
10
9
8
77*0 77*0 80*0
31*0 26*0 32*0
56*5 53*5 57*1
7*90
4
84*0
440
66*2
10*30
9
800
46*0
62*4
5*10
5
820
450
64*2
4*30
5*24
4*83 11*21 14*51
14
12
17
79*0 81*0 78*0
29*0 27*0 33*0
57*2 54*2 58*4
7*13
8*88
16
79 0
49*0
470
68*9
64*1
4*89
10
850
47*0
660
507
8
830
430
61*8
4*57
10
860.
5*64
7
88*0
5*42
16
83*0
48*0
650
5*83
10
88*0
470
3*46
704
.9
910
2*86
72*0
25*0
3*40
8
70*0
30*0
49*8
52*3
4*43
7
77*0
38*5
60*3
8*44
22
75*0
28*5
54*2
3*50
6
72*0
37*0
55*5
t30*O
55*9
8*20 13*85
9
16
78*0 77*0
36*0 32*5
59*0 55*9
4*00
5*10
8
72*0
13*0
43*3
2*70
6
70*0
27*0
48*3
3*10
6
70*0
28*0
49*3
6*40 12*10
8
8
78*0 73*0
24*0 22*0
53*1 48*5
5*48
16
75*0
2*49
8
71*0
3*26
12
73*0
7*01
13
76*0
21*0
50*0
63*1
5*91 10*36 10*99
16
8
9
88*0 82*0 890
45*5 46*5 450
67*8 64*4 65*4
3*54
27*0
55*3
7*33 11*56
9
16
77*0 78*5
28*0 34*5
54*6 57‘4
5*94
8*01
8*39
13
78*0
31*0 .37*0
55*8 60*2
4*09
8*40
3*88
9
76*0
33*0
57*5
9
76*0
10
86*0
50*0
69*7
11
10
83*0
490
65*9
10*84
1*51
4*79
15
6
14
9
76*0
4*06
7
940
9
53*5
73*U
.
0*82
6*55
3
14
940
480
52*0
74*6
720
92*5
46*5
73*5
7*51
4*90
1*68
4*33
6
9
3
6
82*0 770
420 410
66*2 163*2
980
55*5
75*3
940
890
480
6*41
8
82*5
8*11
1*48
8
86*0
390
62*6
9
92*0
-
,
8
68*0
31*5
52*3
7*17
470
73*6
73*8
2*68
2*64
8
83*5
37*5
6
920
530
7
Montgomery—
Rainfall—Inches
5*39
Number days of rain.. 13
....
510
72*8
1*67
7
980
510
74*5
700
1*46
5
910
560
75*3
7*10
15
860
54*0
74*8
2*53
8
88*5
650
76*2
5*80
3*90
7 V
88*0
540
70*1
New Orleans—
Rainfall—Inches
5*36
Number days of rain..
8
73*0
Thermometer—High’st
5*30
10
Lowest 33*0 149*5
Av’age 51*0 53*7
44
Fayette, MissRainfall—Inches
3*40
Number days of rain..
7
Thermometer—High’st
70*0
Lowest 22*0
Av’age 44*1
“
44
YICK8BU RG—
Rainfall—Inches
4*10
11
71*0
Therinometeiv-High’st
44
Lowest 24*0
44
Av’age 47*7
Number days of rain..
5*10
14
71*0
17*0
44*3
4
76*0
28*0
53*2
8
3*61
18
73*0
16*0
45*6
6
79*0
28*0
56*1
10*0
320
31*0
42*9
51*3
51*8
5*18
8
77*0
24*0
55*4
2*84
7*26
3*93
2*68
2*67
14
20
4
8
14
78*0
30*0
54*0
75*0
72*0
80*0
13*0
410
2*67
7
71*0
28*0
50*4
2*48
4
72*0
19*0
440
35*0
52*0
24*0
55*0
78*0
22*0
50*0
4*05
5*16
6*15
1*06
3*81
5
85*0
43*0
65*1
4*94 11*32
11
10
79*0
138*6 36*5
60*7 59*9
79*0
38*0
63*5
840
500 t2SO
71*5 68*6
53*5
69*1
805
8
79*5
49*5
65*3
9
89*0
600
75*5
t36**0
73*5
4*20
9
,
800
7
88*0
52*0
70*2
40 0
59*1
6
930
490
73*9
•
2*50
4
900
470
69*0
850
470
69*1
0*69
4
950
460
72*9
6*24
12
89*5
490
72*8
1*24
8
930
470
740
9*47 0*91
5
12
900 101*
47*0 48*0
73*0 75*0
1*25
5'
4*94
10.
1*69
11
940
510
74*6
Shreveport—
Rainfall—Inches...... 5*29
Number days of rain..
8
67*0
Thermometer—High’st
“
Lowest 25*0
44
Av’age
46*6
45*0
64*5
3*87 11*67 4*94
12
16
14
83*0 79*0 89*0
31*0 26*0 27*0
58*0 54*0 57*0
3*48
4*95
5*70
10
12
5*70
,7
87*0
440
690
67*0
11
90 0
390
630
530
73*9
Nashville—
3*34
Rainfall-Inches
Number days of rain..
13
12
600 66*0
Thermometer—High’st
44
Lowest
7*0 —7*0
44
;
Av’age 38*8 37*0
10
15
73*0 60*0
17*0 —2*0
47*3 33*7
2*11
12
67*0
25*0
43*4
5
2*32
5
66*0
25*0
45*0
73*0
9*0
46*2
Little Rock—
Rainfall—Inches
2*72
Number days of rain..
5
Thermometer - High’st 82*0
44
Lowest
3*0
44
Av’age 46*0
9*40
8
74*0
25*0
51*0
2*08
5
84*0
22*0
51*0
2*10
4
87*0
26*0
55*0
1*61
4
56*0
42*0
5*08
11
69*0
30*0
45*4
1*54
9
67*0
30*0
46*1
1*33
4
75*0
Memphis—
Rainfall—Inches
Number days of rain
4*11
12
62*0
Thermometer—High’st
44
Lowest 14*0
44
Av’age 40*8
1
-
..
2*00
6
82*0
8*0
45*0
4*31
17
69*0
7*0
39*3
7*65
6
73*0
23*0
47*9
....
7*45
16
68*0
2*0
34*1
3*06
12
75*0
9*0
38*2
....
49*0
17*0
48*6
3*34
13
72*0
13*0
40*2
8*14
15
74*0
24*0
6*88
390
9*47
14
80*0
38*0
49*1
63*3
59*2
56*2
47*4
11
76*0
14*0
46*6
6*23
4*46
9*05
7
4
83*0
36*0
80*0
21*0
9
63*0
60*0
56*0
3*80
10
80*0
38*0
59*7
4*24 11*03 8*60
14
19
17
79*0 78*0 79*0
23*0 18*0 26*0
50*0 47*4 50*6
78*0
31*0 1560
....
53*0
51*0
16
830
10*33 13*25
12
7
82*0 730
400 54*0
640 600
11*93
14
83*0
44*0
65*2
9
800
370
60*5
4*25
13
80*0
25 5
56*3
2*33
16
92*0
5*10
6
740
590
630
13*90 4*51
17
6
800
40*0
440
59*3
632
850
t54**0
69*2
67*3
8*09
0*70
4
910
450
680
8
750
690
710
—V.
1*81
8*49
4*21
8 '
9
880
480
70*9
910
440
68*6
880
480
690
3*48
10
81*<X
3*66
14
91 0
350V 460
57*7
71*3
Galveston—
Rainfall—Inches
4*60
Number days of rain.. 10
Thermometer—High’st
44
69*0
Lowest 34*0
' ■1
—
—
920
440
705
400
68*3
4*70
-
.
tr*
890
12
^
••
44
10
90*0
42*0
70*3
410
7
....
203
11
52*2
Av’age
=—
—
\
4*53
8
64*0
26*0
50*7
1*49
7
75*0
43*0
60*9
4*31
13
70*0
24*0
48*3
3*88
4
71*0
38*0
56*3
1*12
5
68*0
46*0
56*2
4*79
8
74*0
35*0
60*0
2*94
10
74*0
35*0
55*3
t
1*03
3
1*35
80*0
52*0
75*0
39*0
62*1
66*2
Range.
5
5*94
9
76*0
36*0
61*0
3*51
9
78*0
34*0
62*1
3*50
3
850
53*0
71*7
8*36
9
82*0
54*0
68*8
2*65
6
840
55*0
69*7
2*55
8
80*0
480
65*9
3*90
11
890
650
76*7
1*80 10*27
: 8
5
910 890
590 540
74*8 76*1
1*50
4;
910
620
770
THE CHRONICLE
i878.j
JTOB 29,
MARCH.
FEBRUARY.
JANUARY.
Stations.
643
APRIL.
MAY.
/
•
i
1878. 1877.
1876? 1875. 1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875. 1878. 1877. 1876. 1875
3*71
0*91
1-30
117
303
1-58
1-89
7
9
8
780
6
730
7
720
9
70*0
410
570
450
57-0
33*0
600
800
330
56*4
2*85
5
6*84
1*84
0*76
5
78*0
10
790
51*3
9
72*0
36*0
51*3
24*0
55*1
19*0
49*5
2*05
2*77
3*05
,...
INDIANOLA—
Rainfall—Inches
Lowest 330 t36*0
420
Av’age 53*0
49*6
61*5
8
750
170
460
4*41
Rainfall—Inches:
9
Number days of rain..
1*06
3*46
1*98
12
740
15*0
40*0
13
770
11
Number days of rain..
730
Thermometer—Higii’st
“
“
251 2*74
5
10
87*0
520 t28*0
67*9 63*6
223
8
0*32
2*51
5*39
2*20
0*32
1*45
2
85*0
6
82*0
11
900
5
3 :
87*0
51*0 t21*0
73*0 70*1
51*0
69*4
62*0 t20*0
58*0
[66*4
77*7
75*3
75*5
489*0
590
76*3
2*92 6*01
14
11
900
42*0 t52*0
68*9 63*5
3*96
5
2*26
8
87*0
410
67*0
5*75
9
93*0
50*0
731
4*75
12
95*0
47*0
4*56
12
95*0
43*0
71*8
2*03
9
93*0
430
72*9
6*05
0*84
4*00
4*35
5*86
1*02
3*52
6
800
6
800
4
90*0
410
62*9
370
63*4
1*52 4*81
7
12
870
41*0 t60*0
641 58*1
3*61
9
81*0
25*0
53*9
2*33
11
86*0
24*0
55*8
2*87
1*82
....
....
1*64
6
•
•
«
•
32*0
Corsicana—
Thermometer—High’st
“
71*0
Lowest 17*0
“
Av’age 45*4
Dallas—
260
52*2
0*33 S 619
3*91
270
[I
!
Rainfall—Inches
760
730
3*0
36*8
....
I)
•
l[
|J
0*80
•
•
•
•
3*83
•
•
•
900
330
61*3
If
....
II
71*3
t Range.
f^ouctax^ICCmumercial guglistt |le xtrs
B1TBS OF 6 VOU4NOB AT LONDON AWJD ON LONDON
4'r KtATRftT D4TB8.
EXCHANGE AT LONDONJUNE 14.
EXCHANGE ON LONDON.
LATBST
mu.
ON—
BATS.
short
Paris
i5.llVtt25.ai*
25.37JfQ2fi.Sa*
00.54 @20.68
«»
<0.54 @20 5*
U
00.54 @30.58
M
95.32*4@05.87 *
short.
10.01 V@10.02*
months. 12.04*@12 04V
K
11.95 @12 00
44
27.50 @27.55
O7.£0 @27.55
it
47 7-16@47 9-16
it
47*@48
DATS.
TOO.
BATS.
June 14.
short
25.12
June 14.
June 14.
June 14.
June 14.
short
3 mos.
short.
20.42
20.43
4 months.
Paris
»»
Berlin...
Hamburg
Frankfort
Antwerp
....
Amsterdam..
Amsterdam.
Vienna.
.
..
3
Genoa.
44
June 14.
•
•
•
•
•
20.42
25.17*
II
12.10
•
-
June 14.
June 14.
3 mos.
short
June 11.
3 mos
•
•
•
•
117.50
27.20
at
Naples.
Madrid
Cadiz
Lisbon
New York....
Rio de Janeho.
Pernambuco...
Bombay...
a
5l*@5*
•
*-*-%
•
•
•
•
•
•
• •
•
•
,,,,
Is.
60 days.
...
«
Calcutta.
Hong Kong...
Shanghai.
•
Alexandria....
8*d.
Is. 8Xd.
•
•
•
• e •
•
■
*
•
•
*•••••
« •
•
•
•
•
•
•
•
m
m
•
•
•
•
•
June 14. 60 days.
May 24.
May 18.
June
June
June
June
June
90
days.
(C
48.30
4.85*
23d.
22*d.
8 \d.
81S-16d.
10.
10.
10.
6 mos.
U.
II
U.
41
10.
(4
8*. 1 \%d.
5s. 5*d.
12.
3
mos.
97V
call to mind the fact that
Europe longs for peace. To Germany,
necessity, owing to internal discontent; to Italy, it is
equally necessary, as Italy has little to gain, and the sine we of
war are wanting; to Austro-Hungary, for the same reasons, it is
almost imperative, while to Russia, it is certainly more than a
matter of expediency, as a protracted war with this country
would bring about an amount of financial disturbance, from
which she could scarcely recover this century. Her prospects of
gain would be remote, and the Czar and Prince Gortacbakoff may
consider it judicious to be content with the acquisitions to which
Europe consents. The position of Russia is certainly by no
means an enviable one; but to my thinking, she has acted an
unwise part in taking active measures in a matter which
concerned Europe as much as, if not more than, herself. If the
Turks were troublesome neighbors to Russia, they Were equally
so to Austria and Hungary, and probably a satisfactory result
might have been attained without bloodshed, had the Russian
Government not amassed 300,000 men on the banks of the Pruth
previously to the Conference, and had the Bulgarians been
persuaded to remain quiet, and not rise in revolt. With regard
to France, M. Waddington’s speech is clear upon the point.
The
it is
a
French Government desires that treaties shall be
respected, but
unwilling that they shall be modified in accordance with
altered circumstances. Hence, it sends a representative, whose
mission will be entirely in favor of peace.
As regards this
country, it is well known that Lord Beaconsfield and the Marquis
of Salisbury will adhere to the British Manifesto, not perhaps in
every particular, as a compromise on minor points may, in some
cases, be necessary.
But still, the British Government perceive
that it is necessary that British and not Russian influence must
be paramount in European and Asiatic Turkey, and viewed in
this light,, our relations with the Porte may cause us some
diplomatic trouble for many years to come.
is not
LFrom our own correopondenu]
London, Saturday, June 15,1878.
The
Congress has at length assembled at Berlin, and, according
diplomatic usage, Prince Bismarck has been elected President.
On Thursday, tbe first meeting was held, but it was only prelim¬
inary, the inauguration of the actual deliberations haying been
reseryed for Monday next.
As tbe stock markets plainly indicate,
4 very sanguine view is held with regard to the result, but it is
still to be borne in mind that there are weighty matters to be
considered and decided, and that Russia, after the heavy sacrifices
she has made in men and money, will not be content without
some substantial gain.
If what is published be true, it cannot be
thought that an independent Bulgaria north of the Balkans, even
if it be under Russian influence, and the acquisition of Kars and
Batoum, are worth the sacrifice of at least 100,000 men and
£100,000,000 of money; but the people of Russia must thank
General Ignatieff and the military party for the policy which has
entailed such losses, and from which there is no commensurate
gain. Perhaps, however, the abrogation of the odious Treaties
of 1856 and 1871, is thrown into the calculation.
Possibly, also
the people of the Continent may begin to see more clearly how
necessary it is to diminish their armaments, and to throw off the
military yoke which is making them poorer as the time advances.
A discussion of this sort may not be amongst the duties of the
Congress; but if the Plenipotentiaries now assembled at Berlin
are able to settle the Eastern Question upon something like a
satisfactory basis, a final discussion on the expediency of reduc¬
ing the military forces of Europe would be by no means
inappropriate. Unfortunately, each Power has been in the
habit of excusing itself, and perhaps, there will be no end to the
agisting state of things until the people have themselves enforced
Poverty is a powerful incentive, and the increasing discontent
in Germany, is causing the German Government much anxiety.
The greatness of the German army no one disputes. The
to
^German Nation is undoubtedly, as proud of it and of its achieve¬
It is with much satisfaction I can mention that
the strike in
the cotton trade in Lancashire is about to terminate.
During
beeu re-opened on the mastOTO*
terms, viz., 10 per cent reduction, working full time, and as
the support afforded to tbe families of the men, either from the
Onions, or from private charity, will be withdrawn from those
who will not work, no ahernative will present itself to the
operatives but to return to their employment. The men will
certainly find it necessary to produce freely and cheaply, in order
to compete against foreign manufacturers, and they may let
aside the notion that they can regulate the markets to their own
liking. The advice of their leading men has already cost them
a heavy sum, and it applies to most industries.
Professor Leone
Levi has addressed a letter to the operatives on the question
which concerns them so deeply. While sympathizing with the
operatives in their efforts to prevent a reduction of wages, he
pronounces absolutely' against the wisdom of a strike, and
demolishes the arguments by which the leaders have endeavored
to substitute short time for reduced wages.
Short time, meaning
this week, several mills have
reduced
production, would, as he points out, decrease,
rather
diminish, the existing depression of trade. This may be
considered as arising from two causes, the one being the depres¬
sion, and consequently, the decrease in purchasing powers
existing at present among consumers in all parts of the world;
than
the
seeond
from
foreign competition.
Decreased production
the British Nation is proud of its fleet. But the cost 1b would mean increase in prices ; it would consequently place our
t heavy one, not only on account of the actual outlay, but also
products still farther beyond the reach of consumers, and would
because the best blood of the nation is to a very great extent increase to a still further extent the advantages possessed by
ments,
as
^productive.
Stuart Mill say that foreign competitors. Lowness of price is the sole means which
unproductive of unproductive can revive trade, and lowness of price is obtainable only by low
Adam Smith and John
aoldiers and sailors
are
the most
laborers, and this is the key to the increasing poverty of
Germany.
termination
wages, and by getting the greatest possible amount of work out
real doubts to exist with regard to a pacific of the machinery—that is, by full work and long hours.
the Congress they might be removed when we
There has been no material change in the state of the money
Were
to
any
THE CHRONICLE
644
market.
Owing to the settlement
on
the Stock Exchange, which
The
amount of discounts and advances is
the
£47,226,000'.
Without including supplies from the Baltic, it is estimated that
the quantity of wh^at now afloat to the United Kingdom is 1,120,-
more
quotations for
paper
having various periods to
run are as
follows:
Fer cent..
Bank rate....*
Open-market rates:
30and 60days’ bills
3
months’bills
The rates of
l*®t#
1#@1#
interest allowed
discount houses for
deposits
are
Fer cent.
bills
1#@1#
6 months’bank bills
4 and 6 months’ trade bills, 2 ®2)4
4 months’bank
2#
Open-market rates:
by the joint-stock banks and
subjoined
:
Per ct.
,
£7,512,000; and New York Associated Banks, £3,360,000.
than usually heavy. There has been an increased
demand for short loans, but the mercantile inquiry for money is
still very limited. The Bank rate remains at 2| per cent, and
la
f
Vol. XXVL
Joint-stock banks
Discount houees at call
Discount houses with 7 days notice
Discount houses with 14 days notice
154
The Bank return
published this week is more satisfactory, tbe
proportion of reserve to liabilities being 39*33 per cent, against
37*41 per cent last week, and 44*44 per cent last year. A smaller
demand for money is indicated, and there is an increase of
£395,503 in the total reserve.
The directors of the Bank of England have decided upon
discounting the bills of customers under their recognized
minimum, at those periods when the state of the money market
justifies such a course. The joint stock banks have held a
meeting on the subject, which has been adjourned with a view to
seek the co-operation of the private banks. If the private and
joint stock banks consider that the fixing of a Bank rate has been
virtually abolished, it is difficult to see what arrangement can
alter the present state of affairs. Frequently of late, they have
worked considerably below tbe official minimum, and they have
lowered their rates of interest for deposits irrespective of a
reduction being made in the Bank rate.
It must, however, be
borne in mind that Bank rate is the authorized charge for interest
upon many transactions outside commercial circles, strictly so
called, and it would be unfair that in that circle, any loss should
be sustained by borrowers. It would appear, however, that
there are growing indications of the present system being abol¬
ished, and, perhaps, under the altered condition of affairs, the
change will be a desirable one. The Bank of England directors
can scarcely be desirous of retaining a system, which
perpetually
leads to much adverse criticism in reference to their policy.
Annexed is a statement 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:
1S74.
1875.
1876.
1877.
£
£
£'
Circulation—including
£
bank post bills
26,925,057 26,786,723 27,507,52) 28.999,421
Public deposits
Other deposits
Government securities.
Other securities
Reserve of notes and
coin.•«••*...•«.,.,
Coin and bullion in
both departments ...
1878.
£
27,771,197
8 539,129
7,914,651
7,184,754
21,396,232 21,138,081 21,126,278
14,594,223 15,214,859 16,207,691
17,008,986 18,663,592 18,754,247
8,134.337
18,486,719
19,^4*i,35l
13,913,774
17,792,274
13.754,729
18,334,019
13,995,734
12,384,628 16,392,405
13,031,796
11,246,297
23,625,634
23,843,003
28,949,020
25,761,456
23,737,417
53*84
3X p.c.
2 p. c.
44*44
3 p. c.
39*33
2)4 p. c.
9256
61s. 4d.
854d.
41s. ltd.
7 ll-16d.
47s. 4d.
65s. 0d.
6d.
6d.
6#d.
Is. Od.
Is. G#d.
Clearing House return. 13V269,000 125,397,(00
lid.
lOd.
79,423,t CO
84,092,000
«Hd.
79,778,000
..
Proportion cf
reserve
to liabilities
Bank-rate
Consols
..
English wheat,av. price
Mia. Upland cotton...
No. 40’s mule twist,fair
2d
6,949,423
quality
A
94#
94#
tance to the East.
The following are
time by the principal
:
Bank of France,
against 908,000 quarters last
The
year.
900 quartern in 1877.
Annexed are the current rates of discount
foreign markets
at
the
Bank Open
rate. mark’t.
p. c.
P*8C*
Paris
Amsterdam
Berlin
Hamburg
principal
:
Frankfort.,
Leipzig...,,
Genoa....
Geneva.....
Brussels...,
.
The stock markets
'
3
4
4
44
5
3
..
Vienna and Trieste...
1#
3#
3#
Bank Open
rate, mark’t
p. c.
4
celona...,
Lisbon and Oporto....
St Petersburg
New York
Calcutta
3
Copenhagen
2)4
!*
4)4
Madrid.Cadizand Bar¬
5
6@7
6@7
6
6
3#©4#
4
4#®5
......
4#@5
firm in the early part of the week, and
took place; but during the laBt two days,
there has been less buoyaqcy, an increased desire to realize
having been evinced. Prices have,in consequence, declined; but,
considering how important has been the recent improvement,
the relapse has not been serious. There has been a considerable
amount of speculation in Erie shares, and prices have experienced
a further advance.
Notice has been given by the Erie Railway
a
were
further rise in prices
Reconstruction Trustees that bn and after the 19th instant the
London and County Bank, will receive assessments on preference
and ordinary shares, and give open receipts for such payments,
any shares, on receipt of a form of assent signed by
the holder.
Also the receipts and tickets for past payments can
be presented with the
applicable to
share certificates, at the company’s
proper
office, No. 1, Queen Victoria street, and on written application by
the holder will be stamped so as to make them available for any
Er.e share certificates, when brought in for conversion into
shares of the new company, and not merely for the specific shares
in respect of which they were originally issued.
The rainfall has
again been copious, and
even
in early districts,
farmers are unable to mow their grass.
The situation seems to
be ciiiical, as we are now approaching the longest day, and at pres¬
ent there are no indications of harvest.
Unless there be a speedy
change, the harvest will certainly be late, and even under the
best circumstances, there is very little hope of a full average
crop of wheat.
The recent favorable prospect as regards cereals
has quite disappeared, and unless we have fine dry weather soon,
the crops of roots will he damaged. In some of the country mar¬
kets during the week, there has been a tendency for wheat to
improve in value ; but at tbe outports* owing to liberal arrivals,
the trade remains dull, at about previous quotations.
During the week ended June 8, tbe sales of home-grown wheat
in the 150 principal markets of England and Wales amounted,
according tfo the official return, to 30,984 quarters, against 26,775
quarters last year, and it is estimated that in the whole Kingdom
they were 124,000 quarters, against 107,100 quarters in the corre¬
sponding period of 1877. Since harvest the sales in the 150
principal markets have amounted to 1,691,228 quarters, against
1,795,176 quarters, while it is computed that they have been in
the whole Kingdom 6,765,000 quarters, against 7,180,600 quarters
in the corresponding period of last reason.
Without reckoning
the supplies furnished ex-granary, it is estimated that the follow¬
ing quantities of wheat and flour have been placed upon the
British markets since harvest:
r'
1877-8.
CTrtt
Imports of wheat
Imports of flour
home-grown produce
Total
1876-7.
cwt
1874-5.
1875-6.
81,022,116
5,440,152
29,315,000 81,116,000 31,663,500 41,432,109
~
Exports of wheat and flour
Result
43,544,242
6,758,442
31,619,365
41,8f>l,S88
5,459,029
5,071,753
79,617,684
68,094,394
78,537,148
1,460,426
755,827
715,885
78,304,868
233,608
78,157,548
67,338,567
77,821,261
78,078,760
51s. 2d.
52s. Id.
45s. 6d.
Aver, price of Eng. wheat for season
43s. 7d.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
with the corresponding period in the three previous years:
IMPOSTS.
1877-8.
Wheat.
cwt. 43,64 »,24*F
Barley
11,031,262
9,024,742
1,861.425
2,542,328
25,776,355
6,758,142
Oats
Peas
Beans
Indian Corn
flour...
1876-7.
1875-6.
1874-5.
31,619,865
11,027,515
8,221,494
1.061,293
3,715,973
25,485.047
5,459,029
41,801,838
7,260,829
8,690,304
1,172,289
31,022,116
2.956.V01
19,679,349
5,0?1,758
11,833,001
7,234,868
1,434,843
2,199,218
12,485,969
5,410,152
EXPORTS.
Wheat
cwi.
Barley
Oats
Peas
Beans
Indian Corn
Flour
.
••••
—At the
*••••••«••
..
•
•
1,396,707
718,899
696,324
45,935
76,086
18,069
18,898
2^5,240
63,429
44.447
84,348
21,911
22,665
282,181
30,361
26,123
7,713
410,618
37,177
36,923
10,561
185,166
17,781
9,241
44,852
46.970
regular meeting of the trustees of the Manhattan
Savings Institution, held in May last, the resignation of Presi¬
dent E. J. Brown was presented and accepted, afid a resolution
the supplies of bullion held at tbe present
foreign banks: Bank of France, £84,253*- unanimously adopted expressing the high appreciation in
000; Imperial Bank of Germany £25,912,000; Austrian National his services were held, and the regret that Mr. Brown’s
Bank, £13,745,000; Netherlands Bank; £9,533,000; Bank of Spain, compelled him to retire from business.
quan¬
tity of barley afloat is calculated to be 219,500 quarters against
100,000 quarters; and of Indian corn 876,600 quarters against 336,-
Sales of
prospectus has been issued by Messrs. Hambro & Son, of a
Swedish loan for £1,500,000. The price of issue is 88 per
£100 bond, and the rate of intererest is 4 per cent.
A new dutch loan has also made its appearance at
Amsterdam,
Tbe amount is about £3,500,000, the price of issue being 98f,
being equal to about 97$ under rebate. The rate of interest
offered is also 4 per cent.
The demand for gold for export has been upon a very moderate
scale, and a considerable supply of sovereigns having arrived
from Australia and elsewhere, there has been an increase in the
supply of gold held .by the Bank. The silver market was firm at
one period of the week, and the
price of fine bars rose to 53 7-16d.,
but the quotation is now 53fd. per ounce.
x
The weekly sale of bills on India was held at the Bank of Eng.
land on Wednesday, the usual allotment of £400,000 being made,
£306,800 being to Calcutta, $86,200 to Bombay, and £7,000 to
Madras. Tenders on all Presidencies at Is. 8$d. received about 7
per cent and above that price in full. No material change is thus
apparent in the state of the demand for 'the means of remit¬
new
600 quarters,
2)4 p. c.
95#
49s. Od.
follows
£25.116,000 ; Imperial Bank of Germany, £18,358,000; Austrian
National Bank, £12.111,000;
Netherlands Bank, £9,189,000;
Bank of Soain, £13,548,000; and New York Associated Banks,
1#
134
1#
as
/
r
which
health
JTOB 29,
THE CHRONICLE.
1878.]
Closing prices at the N. Y. Board have been
5ppe fgatikm'
Interest
Period.
The United States Comptroller of the Currency famishes the
following: statement of National Banks organized the past week:
6s,
6a,
6a,
6s,
68,
68,
68,
68,
5s,
5s,
5s,
...
1,883—First National Bank of WilUmantic. Connecticut. Authorized capital,
$100,000; paid-in capital. $50,000. W. C. Till son. President; O. H. K.
Risley, Cashier. Authorized to commence business Jane ?0, 1878.
8,889—Hubbard National Bank, Hubbard, Ohio. Authorized capital. $50.0T>0;
paid-in capital, $50,000. Alex. M. Jewell, President; Robert H. Jewell,
Cashier. Authorized to commence business June 21,1878.
DIVIDENDS.
5 s,
Company.
of
Per
Cent.
When
Books Closed.
Payable.
(Days inclusive.)
Railroads.
Attleboro’ Branch
Chicago Iowa & Nenraska
Chicago Rock Island & Pacific (quar.)...
Concord & Portsmouth
..
Housatonic pref. (quar.)..
Lake Shore & Michigan Southern
Paterson & Hudson River
Paterson & Ramapo
Pitts. Ft. W & Chic. guar, (quar.)
Norwich & Worcester".
Banks.
July 1.
J uly 1.
Aug. 1. July 4 to
3*
5
2*
July 15. July 5 to July 11
Aug. 1. July 6 to Aug. 4
1
4
July
Bowery National
Central National
5
Chatham National
E-St River National....!
3
4
July
July
^uly
July
.Inly-
5
July
1.
1. June 26 to July?
1. June 23 to June 3)
1.
1. June21 to June 30
1.
¥
July
1.
July
July
July
July
July
Jury
1.
1.
8.
1.
1. Jane 22 to dune 30
3*
Irving National
Leather Manufacturers’ National
Market National
1.
..............
Mechanics’ National
Murray Hill
National Bank of Commerce
National Broadway
$3
*4
5-208,1865...reg.
5-20s, 1867...reg.
5-208,1867 .coup.
5-208,1868...reg.
107*2
'410*2
.coup.
reg.
coup.
107*2
107*2
fund., 1881...reg.
no
sale
was
follows;
June
26.
June
27.
June
28.
107*4 1073b 107%
110*8 110% 110%
102
102*8 *102*8
105*8 *105
*105*8
*105*4 1055a 105%
1083s 1085s 108%
108
1105s 1105s *110*8
108
*108*8 *108*4
*108*8 -108*8 1083s
106*8 106*4 10638
*106*3 106*4 10638
10358 103% 103%
1035s 103% 103%
*100*8 *100*8 *100*8
101*8 101*4 101*4
12034 *120% 1205s
Lowest.
l*
June
25.
10836
*108*2
*106*2
1065s
104
*103*8
*107*8 *107%
111
111%
108% *108%
108*8 *108%
*106% 107
106% 107
104% 104%
104*8 104%
100*4
101*8
100*4 *100%
101*4 101*4
120% 120%
120%
made at the Board.
Range since Jan. 1, 1878.
3.
2
6.
July
J uly
3*
24.
*
5-20s, 1865 .coup.
10-40i*
June
22.
106*8 106*8 107
10934 10034 109*8
*101
*101*8 *101*8
104*8 *104*8 *104%
105 H 105*4 *105*8
108*8 108*4 108*4
reg.
coup.
5-20s,1863
10-40s
June
as
The range in the prices since Jan. 1, 1878, and the amount of
each class of bonds outstanding June 1, 1878, were as follows:
June 28.
8*4
$8
1881
1881.
fund., 1881..coup.
4*88,1891
reg.
4*28,1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6s, etir’ey, ’95-99.reg.
*
This is the price bid;
The following dividends have recently been announced:
Name
645
6s, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5-208,’67.cp.
6s, 5-20s,’68.cp.
5s, 10-40s... cp.
5s,fund.,'81.cp.
4*88,1891 ..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
June 22 to June 30
June 23lo Jane 30
Amoimt June 1.
Highest.
Registered.
105% Feb. 25 110% June 27 $194,842,250
102% Jan. 3 105*8 June 6
51,328,250
105
Feb.
6 108% June 27 105,861,300
106% Jan.
2 111 *4 June 28
15,950,000
103*8 Mch. 1 108*8 June 27 144,221,050
102% Feb. 25 107
June 28 232,149,800
101*8 Mch. 1 104*8 May 24 148,359,100
100% Apr. 13 102% Jan. 9
66,739,850
117*4 Apr. 5 122*8 May 25
64,623,512
State and Railroad
Coupon.
'
$87,894,100
55,527,800
204,755,000
21,515,300
50,345,250
276,290,550
86,640,90(21
25,110,15$
Bonds.—The principal activity
in State
one
which
sold
at
time
People’s
I
Phenix National
at 81. This fluctuation
1.
on large transactions is accounted for by speculative sales, as the
Insurance.
5
Niagara Fjre
interest due July 1 is noticed for payment in this city.
July 1.
Virginia
Park Fire
6
Juiy 1.
consols meet with some demand from parties at home.
6
People’s Fire
July 1.
Railroad bonds have generally been strong and tolerably active.
5
Ridgewood
July 1.
Safeguard Fire
8
St. Louis Alton & Terre Haute second mortgage bonds declined to¬
July 1.
Also 2 per cent on the stock of the Iowa Southern and Missouri Northern
day to 71£. Nearly all the well-known first mortgage bonds are
Railroad, wh ch is equal to 50 cents per share on stock of Rock Island.
selling considerably above par. Of the Columbus Chicago & In¬
2
diana Central first mortgage bonds it is reported that their
FitlDAl, JUNE 28, 1878-5 P. H.
advance is due to the announcement that an application is about
The Money Market an d Financial
Situation.—There have to he made to the Court to have the receiver apply what money
been few new~events in Wall Street this week.
If two points he has in his possession towards the payment of interest on these
were to be selected which have attracted more attention than
bonds, and also that the bondholders’ suit is positively set down
any others, we should refer to the sharp demand for Government for the first Monday in August, when the argument will be held
bonds, and the weakness in Lake Shore stock, following Mr. before Associate Justice Harlan, either in this city or Newport.
Vanderbilt’s manifesto, at Chicago, and the declaration of a semi¬ Interest is overdue on these bonds since
April, 1875, and this
annual dividend of 1 per cent. Both of these are referred to more forms
part of the claim against the Pennsylvania Railroad.
at length under their respective departments
The following stocks and bonds were sold at auction :
below.
Money on call has loaned at easier rates than at any previous
Bonds.
Shares.
8
4
3
bonds has been in the Louisiana <jonsols,
above 83 and hack again, closing to-day
*
.
time this season, and on Government bonds rates have even been
as low as 1@1£ per cent, while on miscellaneous stock col¬
laterals the terms were 2@3 per cent.
Prime commercial paper
sells at 3@4 per cent, with some exceptional transactions in
very
choice 60-days paper at 3 per cent.
The Bank of England on Thursday showed
a decrease in specie
for the week of £480,000 in consequence
of the flow of specie
towards Paris, and the
percentage of reserve to liabilities was 36
against 40£ the previous week. The nominal discount rate was
advanced to 3 per cent, from 2| the previous figure. The Bank of
Fiance showed an increase in specie of 22,800,000 francs in the
quoted
'
week.
The last statement of the New York City
Clearing House hanks,
issued June 22, showed an increase of $1,028,775 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $16,190,575, against $15,161,800 the previous week.
The following table shows the
changes from the previous week
and
a
comparison with the two ©receding
1878.
Differ’nces fr’m
previous week.
June 22.
Loans and dis.
Specie
Circulation
Net deposits
..
.
Legal tenders.
$234,713,700
Inc. Y$74,600
15,069,700 Dec. 2,035,500
19.909.900 Dec.
75,000
205,384,100 Dec.
401,100
52.466.900 Inc. 2,964,000
25 Franklin Fire Ins
$1,200 Chesa. & Ohio RR. Co.
1st mort. 6 p. c. bonds— 28*2
5,000 Broadway & Seventh
Av. RR. 1st mort. 7s, due
-
1884
.
sessment
land RR. 2d mort. 7s
ttaiiroad and
paid; $100 ea... 17*2
109%
60 Third Av. RR
100
2,000 N. Y. & Oswego Mid-
50
200 Erie RR. common stock,
with $4 gold per share as¬
$10
Miscellaneous Stocks.—The stock
market,
after vacillating somewhat during the week, closes at a material
decline on Lake Shore and Michigan Central, which are now both
of them Vanderbilt stocks. At the close, Lake Shore fell off sharp¬
on the announcement of a semi-annual dividend of 1 per cent,
based on the company’s statement issued to-day, which may be
condensed as follows:
ly
Earnings and Expenses—January 1 io June 30.
1877.
1878.
earnings (June partly estimated)...... $6,663,318
Operating expenses and taxes (June partly
estimated)
4,292,105
$6,431,166
Gross
4,628,119
,
years :
1877.
June 23.
1876.
June 24.
Per cent of expenses
Net earnings
(64*2)
16,209,000
15.765.600
223,316,100
58.255.600
14,900,400
15,603.500
208,751,800
54,204,100
United States Bonds.—There has been
(71*2)
$1,838,047
Interest, rents and dividends on guaranteed
1,380,000
stock
$250,416,500 $248,397,400
^
$2,371,213
Balance.
-
From the balance for 1878 there have been
-
$991,213
1,387,800
$445,247
paid $200,000 for
a sub¬
scription for that amount of the stock of the Pittsburg <fc Lake Erie Rail¬
road Company and $80,000 for lands in Chicago. The former was to aid
in the construction of a line from Pittsburg via Youngstowii, funning
over the Mahoning Coal Railroad, leased by this company, and reaching
this company’s line at Ashtabula and the water-front and docks at Ash¬
tabula Harbor. The land at Chicago has long been considered neoessarv
for the convenient aud economical transaction of the company’s busi¬
ness.
Some years ago negotiations for its purchase at $150,000 were
carried on. About five thousand tons of steel rails have been laid dur¬
ing the six months, and the excess of cost over old rails takenup has
been charged to operating expenses. During the six months $70,000
was paid on account of the Ashtabula accident—all claims for which,
except five or six, are now disposed of. There is no floating debt*.nor
any outstanding obligations in that nature.
"
The Board resolved to appropriate the balance for the six months of
a very
large demand
bonds, with a sharp advance in prices. The prin¬
cipal dealers have been crowded with orders, mostly from parties
in this city and State and in New
England. Savings hanks,
national banks, insurance companies and
private investors are all
included among the purchasers.
The lafge movement at this
time is accounted for by the fact that many have waited to pur¬
chase until Congress adjourned, that the demand is stimulated by
the lower prices as compared with former
years, and that the
accumulation of money and the difficulty of employingit profitably 1878 as follows:
in business induces some merchants, as well as
$125,000
corporations, to Sinking fund, six months
70,000
Payments made on Ashtabula accident
buy governments as a temporary expedient to get 4 per cent on Subscription
to stock in Pittsburg & Lake Erie Railroad Co.... 200,000
their money. The steady sales of 4 per cent bonds and the calling Purchase of land
at Chicago.
80,000
in of five-twenties also lead to a
good deal of changing by those
who have been holding the latter bonds.
Makiug
■--■^$475,000
Dividend of 1 per cent, payable 1st August next
$494,66d
c
Leaving surplus of
21,o48
,
for Government
4
-
- -
- -
June June June
14.
21.
28.
B. 8. 6s, 5-20s, 1867
U.S.5s, 10-40s.Y.......
»* of 1881..
i,Jfew 4*8 per cents
0x0,213
Range since Jan, l‘f 1878.
Lowest.
109% xl07 107% 105%
109% 109*8 110
104%
107% 108
108% 103%
105*8 106
105*8 [102*8
Jan.
2
Feb. 25
Mch. 1
Feb. 25
Highest.
109% June 8
110*4 June 27
108% June 28
106
June 21
^
$991,213
As the increase in net earnings for the six months of 1878 over
the same time in 1877 is about $533,000, as shown by this state¬
ment, and as the company had made an increase of $784,000 on
the first three months of the year, it follows that in the last three
■V
THE CHRONICLE.
646
months the loss of net
in
earnings,
compared with the
as
same
time
The range
1877, has been about $350,000. Still there is a strong belief^
among many of Mr. Vanderbilt’s friends that he is placing him¬
self in a position to command more thoroughly than ever his
father Could the northern lines to
Chicago, and that he will then
virtually be able to dictate terms, and that he will insist on pay¬
ing rates; and by no means enter upon any war which would
bankrupt the other trunk lines, as this would be a fatal policy for
himself.
The coal stocks have been fortified
cent dividend
on
the stock of its leased line.
The Northwest and
St. Paul stocks have at times been more firmly held, but closed
heavy, in sympathy with the rest of the market.
The daily highest and lowest prices have been as follows:
of gold and clearings and balances
Quotations.
Open Low. High
44
44
100%*100%
This week
100% 100%
Prev. w’k 100% 100% 100% 100%
S’ce Jan. 1 102% 100% 102% 100%
The
following
are
June
Central of NJ.
Chic: Burl.& 6.
e. mu. a st. p.
do
pref,
Chic, a North.
do
pref.
C. R. I. a Pec
Del.a H. Canal
St
June
Tuesday, Wedn’sd’y Thursday,
SI:
*00
4QT
78
W
46* 47
71
71
117* 117
110
117
50* 5
57*
pref,
57* 50*
..
66
Morris a Essex
N.Y.C.&H. »«. 106*109
Ohio a Miss...
Pacific Mall....
Panama
128 125
Wabash
union Pacific..
West. Un. Tel
Adams Exp....
American Ex.. 47* 47*
United States *47
^ $
S* 1M
67*
iSM
4
® 4
® 4
®15
®15
3 92
®
X X Reichmarks. 4 75
X Guilders
3 90
24....
44
25
26
27
28
....
....
....
....
Lake
Shore.
5.500
7,800
5,935
3.500
6,300
7,900
..
%%
leading stocks
West’m
Union.
27,550
81,420
36,510
38,350
26,235
26,770
27,750
67,454
2,460
3,181
1,800
7,950
was
made at the Board.
were as
St.
Paul.
8,425
13,100
7,400
9,960
10,129
7,010
follows:
Del. L.
A West.
Erie.
4,625
5,900
7,600
1,022
5.240
3,500
22,000
12,100
15,519
25,000
16,900
11,700
Pacific
Mail.
,
1,600
1,870
6,660
1,750
7,960
6,495
..
The total number of shares of stock outstanding is given in the
last line for the purpose of comparison.
The latest railroad earnings and the totals from Jan. 1 to latest
dates are given below. The statement includes the
gross earn¬
be obtained.
The
ings of all railroads from which returns can
columns under the heading 44 Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
/—Latest earnings reported.—*
Week or Mo. 1878.
1877.
Atch. Top. A 8. F.2dwk J’ne $67,000
$39,948
Atl. & Gt. West...April
276,372 303,142
Atlantic Miss. AO. April
126,931
124,646
Burl. A Mo.RinN. April
146,362
68,978
Bur. C. Rap. A N.3d wk J’ne
24,519
15,781
Cairo A St. Louis. 1st wkj’ne
5,365
5,408
Central Pacific...May
1,574,000 1,554,653
Jan. 1 to latest date.
1877.
$1,374,383
$930,607
1,108,863
516,508
498,737
763,808
1,103,574
504,495
288,242
407,122
109,165
6,354,471
CMcago A Alton.. 3d wk J’ne
84,998
Chic. Burl. A Q...May
1,157,447
90,562
6,407,410
1,913,763
108,271
1.954,610
917,447 5,402,631 4,514,313
Chic. MU. A St. P.3d wk J’ne 152,000
134,736 4,061,000 2,778,558
Qev. Mt. V. A D. .2d wk J’ne
7,149
8,166
164,662
165,753
Dakota Southern.May
19,039
16,347
86,344
65,724
Denv. A Rio G...2dwk J’ne
18,715
12,241
273,376
384,492
Detroit A Milw...April
77,364
76,636
Dubuque A S.City.lst wkj’ne
17,375
13,819
428,252
3i9,828,
Erie.
March
1,147,208 1,170,714 3,572,637 3,262,726
GaL H. AS. Ant..April
90,682
70,430
355,721
303,853
Grand Trunk .Wk.end.J’ne 15 152,407
151,184 4,041,477 3,989,692
Grit Western.Wk.end. J’ne 14
71,578
73,851 2,052,799 1,849,728
Ill. Cent. (IlLline) .May
444,255 369,495 2,044,732 -1,787,845
Uo
Iowa line15.May
132,267
95,028
633,746
504,116
-do Spyingf.diY.May
17,646
74,220
Indianapw BL AW.2d wk J’ne
18,909
19,697
571,163
535,742
Ink A Gt North.. 2d wk J’ne
16,419
16,302
542,155
616,678
Kansas Pacific.. .3dwk J’ne
44,015
64,085 1,354,574 1,278,467
Louisv. ChuA Lex. April.
64,761
72,997
274,445
306,570
Louisville A Nash. May
393,000 384,942 2,099,713 2,044,109
Missouri Pacific..April
334,535 332,169 1,272,662 1,193,541
Mo. Kans. A Tex .May
206,757 231,307 1,048.246 1,172,810
Mobile A Ohio
May
104,231
95,401
737,900
846,093
Nashy.Ch.AStL.May
124,837 128,647
730,140
693,555
Pad.AE3izabetht.2dwk J’ne
' 5,552
5,268
Pad. A Memphis.. 2d wk J’ne
3,574
79*133
2,555
92^450
Pmla. A Erie
May
238,024 260,591 1,042,628 1,139,159
PhUa. A Reading.May
1,286,015 1,387,329 4,171,768 5,193,975
Si.L.A.AT.H.(brs)2dwk J’ne
10,410
8,909
204,055
219,839
St L. Iron ML A S.2d wk J’ne
~
59,300
82,869
1,744,465 1,813,358
St L. K. C. A No..3d wk J’ne
49,884
47,629 1,459,690 1,367,741
St!«. A 8. Fran...2d wk J’ne
17,966
22,840
491,919
556,876
St L. AS.E.(StL.)lstwk J’ne
12,673
10,898
252,274
243,539
do
(Ken.).1st wk J’ne
8,031
5,735
142,196
122,936
do
(Tenn.). 1st wkj’ne
2,640
3,574
72,571
61,061
St Paul A S. City .May.......
58,131
37,827
238,379
167,298
Sioux CityAStP. May
33,215
18,108
149,810
92,078
Scioto Valley
6,233
3d wk J’ne
107,397
Southern Minn...April
238.667
59,900
31,000
135,494
ToL Peoria A War. 1st wkj’ne
19,636
21,935
558,090
438,129
Wabash....
3dwk J’ne
74,370
85,581 2,122,292 1,948,106
Worth’gtfn A S. F.May
10,019
1,524
36,757
7,116
TMc Gold Market-Gold has been dull at
100$ to lOOf. Gold
loans at the dose were made flat. In London, silver is
’
~
‘
,
>
52f@52|d.
per oz.,
00
81
10
80
70
Mex. Doubloons.. 15 50
Fine silver bars
114%® 115*
Fine gold bars....
par.®%prem.
..
having sold as low
quoted at
as
52$a.
/
1,188,505
1,260,000
1,196,166
1,509,015
1,269,699
$923,000
$379,934
1.500,843
67,408,000
Dimes A * dimes.
Silver %s and %s.
Five francs
Mexican dollars..
English silver
....
Pros. silv. thalers:
Trade dollars
New silver dollars
on
—
98*®
98*®
—
93
®
—
68
®
—
—
—
98%
98*
94*
— 91*® — 92*
4 75 ® 4 85
—
—
70
98%® — 98%
99%® — par.
—
—
60-days
sterling
bills, but relatively more active on demand. The withdrawal of
gold from London to Paris and the advance in the Bank of Eng¬
land rate has had some little influence.
No great amount of
commercial bills appears to be making here.
Rates to-day on
actual business were about 4 85$ for 60 days and 4 88 for demand
In domestic bills the
undermentioned cities
following were rates on New York at the
to-day: Savannah, buying
selling $
premium; Charleston, none to be had, 3-16@l-5 premium, $ pre¬
mium ;
New Orleans, commercial $, bank $; St. Louis, 1-10
premium; Chicago, 75c. premium; and Boston, 12$c. premium.
Quotations for foreign exchange are as follows :
60
3
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.84%®4.85%
4.84%®4.84%
Tiftpiunp.ntftry ermimareial
4.82%®4.83%
4.83
®4.84
Paris (francs)
5.18%®5.15%
Antwerp (francs)
Swiss (franca)
5.18%®5.15%
5.18%®5.15%
40 ® 40%
95 ® 95*
95 ® 95*
95 ® 95*
95 ® 95%
A mfttarriam /iniildftrfl)
Hamburg (reichmarks)
FVanfrfnri, (reichmarks)
Bremen (reichmarks)
Berlin (reichmarcks)
New lfork
days.
4.86%®4.87%
4.86
4.85
®4.86%
®4.85%
4.84%®4.85
5.16%®5.13%
5.16%®5.13%
5.16%®5.13%
40%® 40%
95%® 95%
.95%® 95%
95%® 95%
95%® 95%
City Banks.—The
following statement shows the
City for the week
ending at the commencement of business on J une 22, 1878 •
condition of the Associated Banks of New York
AVERAGE AMOUNT OF
Loans and
Capital. Discounts.
Banks.
New York
9,1^,000
5,133.503
8,000,000
Manhattan Co.... 2,(50,000
7.467.500
6.216.900
8.846.400
7.803.400
2,860,000
5.297.400
8,109,403
3,000,000
2,000.000
Merchants’
Mechanics’
Union
America
Phoenix
1,200,000
8,000,000
1,000,000
1,000000
1,000,000
City
1878.
759,179
919,724
$61,236,000
June 28.
T
95
Total.
36,9351267,454 79,976 56,024 27,837 103,219 26,335
Whole stock. 151,031 494,665 337,874 154,042 780,000 524,000 200,000
~
Span’hDoubloons.15 65
103
Total sales of the week in
44
>$»
!4* l:
95
Fargo.. *93
15
Quicksilver.... 13* 15*
do
33
35
pref. S3
*
These are the prices bid and asked; no sale
June 22....
108* 1C
13
Wells,
North¬
west.
83
83
*120
13
....
.
64*
109
752,600
902,500
sterling.
IS*
00
83
109
10,998,000
12,188,000
8,291,000
9,465,000
10,120,000
Exchange.—Foreign exchange is dull
719
117* 118*
50
Michigan Cent
44
SS.8?4
1(
79
71
mine!* Cent.
Lake Shore
44
June 28.
m
Del, Lack.a W
44
Friday,
June 27.
319
31* 311
100*
78
J one 20.
June 25.
31*
Erie
Hen. a St. Jo..
do
Monde:
| Currency.
quotations in gold for various coins:
$4 88 ®$4 92
Sovereigns
Napoleons
Gold.
$10,174,000 $1,652,953 $1,790,406
26.. 100% 100% 100% 100%
27.. 100% 100% 100% 100%
28.. 100% 100% 100% 100%
44
follows:
Balances.
Clearings.
25.. 100% 100% 100% 100%
44
...
Saturda:
Cl08.
were as
/
Gold
June 22.. 100% 100% 100% 100%
24.. 100% 100% 100% 100%
44
by another harmonious
meeting of the combination managers and a further advance in
anthracite. Rock Island declares, in substance, a 2$ per cent
quarterly dividend, making it in the roundabout way of a 2 per
LVol. XXVI
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National
Batchers’ A Drov.
Mechanics’ A Tr
800.000
1.583.800
9,921400
1,000,000
1,500,000
3.849.100
8.789.900
600.000
1,333,000
6°0,000
200,000
1,418,000
600,000
853,900
Greenwich
Leather Matmfrs
600,000
Seventh Ward..
800,000
State of N. York.
800,000
American Exch.. 5,000,000
Broadway
5,000,000
1,000,000
Mercantile
1,000,000
Commerce
482,700
Pacific
1,500,000
Republic
450,000
412,500
People’s
North America..
700,000
Hanover
1/00,000
Irving
500,000
Metropolitan.... 8,000,000
Citizens’
600,000
Nassau
1,030,000
Chatham
Market
1,000,000
St. Nicholas
1,000,010
Shoe and weather 1,000/03
Corn
Exchange
.
Continental
Oriental
Marine
........
1,000,000
1,250,000
8<W,000
400.000
2.327.100
962.500
1,688,200
11,765,000
‘
15,343,700
4.905.900
3.421.500
1,927,700
2.964.600
2.809.200
1.228.500
1.614.900
4.852.800
1.949.100
12,106,000
1.708.900
1.918.200
2.443.500
1,989,(00
8,696,000
3.170.800
G, 519,000
1.282.600
2,009,000
Importers’ATrad 1,500,000 15-274,900
Park...
.
2,000,000 11.361.800
618,000
555400
756.500
724,300
Mech. Bkg. Ass’n
500,000
Grocers’
800,000
North River
240,000
East Kiver
850,000
100,000
Manners’ A Mer.
Fourth National. 3,S'0,000
Central National. 2,000,000
Second National.
800,COO
Ninth National..
750,000
First National...
500,000
Third National.. 1,000,000
N. Y. Nat. Exch.
800,000
.
...
Bowery National
Ne^r York County
German Ameri On
342.200
Legal
Specie. Tenders.
$
1,16*,800
2,776,000
415,000 2,688,900
776,000 2.734400
105.000 1,291,200
755,000
246.700
622,200 1,782,100
274,000
171,000
675.700 8,633,0l0
158.200
289.900
69,200
646.800
705,300 1,700,000
722.800
175.500
537.200
251.600
86,000
148,000
244.000
20,000
203.400
437.400
5,400
241,100
188.900
71.300
568.500
25t,200
877,000 1,344 000
810.900 8,691,700
as,800
771.400
452.900
286,200
21.300
581,903
478.500
247,800
40.500
703,203
21,600
223,700
232,000
80,000
911.500
148.600
403.600
69.800
390,000 2,202,000
78,000
403,t00
35.700
279.500
50.800
501,"00
216.500
81,2(10
417.600
295,000
-
118.700
852,000
28,030
21.800
644.900
280,003
Net
Circula¬
Deposits.
tion.
ik
9.457.600
5.407.900
7,481,ICO
4.779.600
2.950.100
6,041,200
108,400
171,000
185,000
1,100
288,500
1,985,000
6.798.400
1,741,000
1.294.900
9.127.600
2.783.800
2,071,700
927,000
1,027,000
817,103
774,300.
602,100
889.200
807,000
198,000
2.700
357.200
83.900
1.979.600
919,100
1.786.800
45.000
8,400,000
199,000
9.965.900 1,880,800
8.233.400
878.500
8,031,600
180,000
1.955.600
450*000
1.723.800
2.705.100
394,000
1,143/00
5,400
1,444 30)
4.338.800
441,300
1.893.100
83,500
9,339,000 2,160.000
l,8u5,100
280.200
1,704,000
8.900
1,6 9.400
293,800
796,700
492,600
3,831,000
549.500
1,843,000
4.700
2,565,000
760,000
1.166.100
1,924,000
142,000
403,00)
mjtib
"595,100 3,451,600 15,895/00 1,113,200
540,000
526,500 2,870,000 12,9(7,600
1 22,100
107.800
440.800
805,800
158.600
588,360
1,800
.
21.700
67,800
151.400
727,600
101.800
4,100
138,000
586,900
426,200
10,374,300
5,669,000
2.068,000
8.115.800
7,942,500
6,823,000
787.800
820,000
1,205,903
12.507.800 1,024,500 1,966,500
7,005,000
284,000 1,180,000
503,000
2,046,000
62,000
875,800
3,301,600
286,000 8,802,830
6.182.500
228,800 1,(27,500
4,943,000
41,500 W700
1.144.500
8.000
285,000
250,000 1.051,900
1,103,700
827,800
i
2 0,000
1809.100
188,500
501,200
750,000
1,8741000
270,0.0
(00,000
450,000
798.600
268.400
"
223.900
180,000
1.878.400
Total
66,525,230 284,713,703 15,069,70052,466,900 205,884,100 19,909,930
The deviations from returns of previous week are as follows:
Loans
Specie,.......^....
Legal tenders
Inc.
$74,6001 Net deposits.
...Dec. 2/85,500 Circulation
.Inc. 2,964,000
Dec.
..Dec.
$401,100
75,000;
Jtob
647
THE CHRONICLE.
2ft, 1678.]
GENERAL QUOTATIONS OF -STOCKS AND BONDS.
Quotations in Hew York represent the per cent value, whatever the par may be; other quotations are frequently made per share.
The following abbreviations are often used, viz.: “ M.,” for mortgage; ** g.,” for gold; “ g’d,” for guaranteed; “ end.,” for endorsed; “eons., *
for consolidated; “ conv.,M for
convertible; ** s. f.,” for sinking fund; “ L g.,” for land grant.
Quotations in Hew York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered in these Quotations.
Bid.
United States Bonds.
Ask
Rhode Island—6s, 1882..
08,1894
South Carolina—6s
6s
UNITED STATES BONDS
1073s 108
110% 110%
reg..J A
coup..J &
6s, 1881
6s, 1881
Called Bonds
ds
Bid.
State Securities.
6s, funding act, 1866
6s, Land C., *89
6s, Land C., 1889
....MASt
FAA
J A J
A AO
J A J
J A J
A AO
7s of 1888
reg
coup
new...*.reg. J
new... coup.. J
08,5-208,1865,
A
6s, 5-20s, 1865,
Sc
6s, 5-208,1867
reg..J &
68,5-208,1867
coup..J 4:
6s,5-208, 1808
reg..J Sc
6s,5-20s, 1868
coup..J &
5s, 10-408
reg..MA
5s, l<MOs
coup..MA
5s, funded, 1881
reg.. Q—F
58,funded, 1881
coup.. Q—F
reg.. Q—M
43*8,1891
coup.. Q—M
4*28, 1891
reg..
4s, 1907
4s, 1907
coup
coup
4s, small
6s, Currency, 1895-’99..reg..J Sc
102
105
102%
105%
105*2 1055s
IO8I2 1085b
10778
111
108% 10878
108% 109
106% 107
1068b 10678
1041s 104*4
104
104*4
100 is 1003b
101 is 101*4
lOlis 101*4
6s, non-fundable bonds
Var,
6s, consols, 1893
J A J
Tennessee—6s, old, *75-1900..J A J
6s, new bonds, 1875-1900... J A J
6s, new series, 1914
J A J
Texas—6s, 1892
MAS
7s, gold, 1892-1910
MA 8
7s, gold, 1904
J A J
10s, pension, 1894
J A J
J AD
Vermont—6s, 1878
Virginia—6s, old, 1886-*95—J A J
6s, new bonds, 1886-1895...J A J
6s, consol., 1905
J A J
6s,
do
ex-coup., 1905...J A J
6s, consol., 2d series
J A J
6s, deferred bonds
1208b 1207e
105
115
Albany, N. Y.—6s, long
Class “ C”
Arkansas—6s, funded, 1899 J Sc
7s, L. R. A Ft. 8. issue, 1900. A & O
..
7s, Memphis A L. R., 1899.. A
7s, L. R. P. B. AN. O., 1900..A
7s, Miss. O. A R. Riv., 1900..A
7b, Ark. Central RR., 1900. A
7s, Levee of 1872;
&
A
A
A
O
O
O
4412
72*2
46
22
7s
Allegheny, Pa.—4s
6s, 1876-*90
Wharf 7s, 1880
45*2
74
Allegheny Co., 5s
48
5
5
5
5
5
5
Pl05
JAJ 100
J A
80
A 101*2
Columbus, Ga.—78, Various
Covington. Ky.—7.30s
3
65
75
8s
Dallas, Texas—88, 1904
10s, 1883-96
Dayton. O.—8s....
Detroit, Mich.—7s, long.
7s, water, long
Var.
45
62
67
82*s
95
85
10p
~...J
var.t
Var.t
Dist. Columbia—
39*4
36
35
36
101
103
110*2 111
114
115
101
102
83**
35
102
JAJ
JAJ
JAJ*
JAJ*
Atlanta, Ga.—7s
100
90
97
104
98
100
Baltimore-
85
35
Consol. 3-658,1924, coup
F A A 83%
do
reg
Perm. imp. 6s, guar., 1891....JAJ 104
Perm. imp. 7s, 1891
JAJ 105
Washington—10-year 6s, *78..Var. 100
Fund, loan (Cong.) 6s, g.,*92 Var. 103
Fund. loan(Leg.)6s, g., 1902 Var. 103
100*4 100*2 East Saginaw, Mien.—8s
20
Elizabeth, N. J.—7s, short
t 76
20
7s, funded, 1880-1905
Var. 70
72
7s, consol., 1885-98
AAO 72
60*4 60% Fall River, Mass.—6s, 1904.. .FA At 109%
25
5s, 1894, gold
*
FAAt 103
4
Fitchburg, Mass.—6s. *91,W.L. .JAJt 109*2
MAN 102
Fredericksburg, Va.—7s
36
Various 106
Austin, Texas—10s
106*2
Ask,
t
Galvest’n County, 10s, 1901.J A J
Georgetown, D.C.—See Dist. of Col.
106*2 Harrisburg, Pa.—6s, coupon.. .Var.*
Hartford, Ct.—City 6s, various
Capitol, untax, 6s
Hartford Town bonds,6s, untax...
Haverhill, Mass.—6s, *85-89.. AAOt
96
Houston, Tex.—10s
102
6s, funded
106
102
Jersey City68, water, long, 1895
7s,
do
...JAJ
1899-1902
102
7s, sewerage, 1878-’79—,.J A J
7s, assessment, *78-79. J A J-MA N
107
7s, improvement, 1891-*94—Var.
7s, Bergen, long
109*4
J A J
Hudson County*, 6s
108*2
AAO
do
7s.MASandJAD
108*2
Augusta, Me.—6s, 1887, mun..FAAt 103*2 104*2
Augusta, Ga—7s
Various
109
-
Various
Do.
8s
Waterworks
g.104
Californiar—6s, 1874
Connecticut—5s
08.7
Delaware—6s
Florida—Consol, gold 6s
O
44
7
20
Columbia, S.C.—6s, bonds
Bid.
107
HO
101
105
105
84
76 *
78
110
103**
110
103
Galveston, Tex.—10s, *80-*95 ..Var.
SECURITIES.
Alabama—5s and 8s, fundable..'Var.
8s, Ala. & Chat
8s of 1892
J &
2s of 1906, funded “A”
J&
5s of 1906, funded, RR. “ B”....
107
30
30
30
40
40
30
2
CITY SECURITIES.
STATE
City Securities.
Ask.
68, City Hall, 1884
Q-J
6s, Pitts. A Con*v. RR.,1886.. JAJ
6s, consol., 1890
Q—J
6s, Balt. A O. loan, 1890
Q—J
6s, Park, 1890
Q—M
MAS
68, bounty, 1893
exempt, 1893...MAS
Georgiar-68
FA
109*2 111
5s, funding, 1894
JAJ
78, new bonds
J A
108*2
6s, 1900
JAJ
7s, endorsed
6s, West. Md. RR., 1902 .... JAJ
7s, gold bonds
:
Q—J 108
5s, consol, 1885
Q—J
8s, *76, *86
A A O 109 112
102*2 103*4
68, Valley RR., 1886
AAO
Illinois—6s,coupon, 1879... .J A
102%
5s, new 1916
War loan, 1880
J A
Bangor, Me.—6s, RR.,1890-*94.Var.t
JAJf 100 103
Kansas-78, *76 to *99
102%
6s, water, 1905
JAJt
Kentucky—6s
6s, E.A N.A. Railroad, 1894..JAJt
Louisiana—Old bonds,fundable.Var. 52
6s. B. A Piscataquis RR..*99. AAOt
8s, non-fundable
Yar. 52
Vart
New consol. 7s, 1914
J A J 81*4 81% Bath, Me.—6s, railroad aid
58,1897, municipal
Maine—Bounty, 0s, 1880
FA 4 103 104
Belfast, Me.—08, railroad aid, *98.
War debts assumed, 6s, *89. AA 0 \ 112*2 113
Boston,Mass.—6s,cur,long,1905Vart
War loan, 6s, 1883
MAS 106 107
6s,
do
106
107
108
108
108*2 110
109
113
103
109
104*4
JAJ
101
110
105
6s, long
6s, short
Lowell, Mass.—08,1894
Lynchburg, Va.—6s
8s
102*4
106*2 106% Lynn, Mass.—6s, 1887
Water loan, 1894r-96
101*2 102
5s, 1882
101*2 102
100
101
Macon, Ga.—7s
102
107
116**
104**
106*2 107**
18
105
101
108
100
100
107
105
102
107
101
110
Lawrence, Mass.—6s, 1894...AA Ot
Long Island City, N. V
t
103*2 Louisville, Ky.—7s,longdates. Var.t 102
111
7s, short dates
Var. 100
114
114
109*4 111
100
107
Bayonne City, 7s, long
104
115
103
25
107**
102
109
101
101
108
106
103
108
102
110*#
98
104
101
98
Var.t 96
98
Var.t 97
MANt 110*4 110%
J A J 98
..J A J 115
FAAt
107
108
JAJ 110*4 110%
MANt 101 101**
Manchester, N. H.—5s, 1882-*85... t 101 103
109*2 110
6s, 1894
45
114*2 Memphis, Tenn.—6s, old, C...J A J 35
35
45
104
103*2
6s,
new,
A
A
B....
J
A
68, currency, short, 1880 —Var.t
Maryland—6s, defence, 1893. .JAJ 108 108*2
35
45
111
110
6s,
fund.,
gold,
1900
MAN
112
110
58,
gold,
1905
Var.t
6s, exempt, 1887
JAJt
45
35
6s, end., M. A C. RR
Sterling, 5s, gold, 1893
AAOJ 105 107
6s, Hospital, 1882-87
JAJt 108 112
62
65
108
106
consols.
...>
JAJ
6s,
do
107
112
58,
gold,
1899
JAJ
i
6s, 1890
‘
100
107
105
Milwaukee, Wis.—5s, 1891,...J A D 95
do
100
105
5s,
gold,
1902
AAO
j
5s, 1880-*90
rt s, 1896-1901
106
Var. 104*2
100*2 101
Brooklyn, N.Y.—7s, *77-80....J A J 101
Massachusetts—5s, 1878, gold.J
112
7s, water, 1902
J A J 108
7s, 1881-95
JAJ 105
5s, gold, 1883
JAJ 104% 105*4
20
119
Mobile, Ala.—8s
J A J
7s, Park, 1915-24
JAJ 117
5s, gold, 1894
Var.t 110% 111
20
5s....
119
JAJ
117
7s, Water, 1903
J A J
5s, g., sterling, 1891
JAJ { 108 110
38
68, funded
MA N 33
7s, Bridge, 1915
...J A J 117 119
do
1894
do
MAN: 106 108
109
Montgomery, Ala.—8s
J A J 80
108
6s, Water, 1902-5
...J A J 106
do
1888
do
AAOt 106
90
Nashville, Tenn.—6s, old
6s, Park, 1900-1924
J A J 106 109
Michigan-08,1878-79
J A J 102% 103
90
80
112
109
6s,
new
104
Kings Co. 7s,1882-*89
MAN
6s, 1883
JAJ
102
105
107
105
Newark—6s,
long
Var.
do
6s, 1877-»86.:
M AN
78,1890
MA N 109*2
110
104
7s, long....
Var. 106
Buffalo. N, Y.—7s, 1876-*80... .Var. 100
20
35
Minnesota—7s, RR. repudiated
112
115
110
103
7s,
water,
long
Var.
t
7s, 1880-’95
Var.
Missouri—0s, 1878..
J A J 10278 104
113
111
New Bedford, Mass.—6s, 1893—
78, water, long
Var. 109 111
Funding bonds,*1894-95
J A J 108
103
104**
N. Brunswick, N. J.—7s
103
100
106
6s,
Park,
MA
S
1926
Long bos, *82 to *90
J A J
109*2 110
102
102*2 Newburyport, Mass.—6s, 1890.. ..
106
Cambridge,
Mass.—5s,
1889...AAOt
Asylum or University. 1892. J A
106
108
N. Haven, Ct.—Town, 6s, Air Line.
106
6s, 1894-96, water loan
JAJt 112% 113
Hannibal A St. Jo., 1886
J A
105
103
Town,
6s,
war
loan
Camden
106
Co., N, J.—6s, coup
do
1887—J A J
do
105
103
do
Town
Hall
105
6s,
Camden
City, N. J.—6e, coup
H. Hampshire—6s, 1892-1905. .JAJ f 112*2 113
115
112
116
113
City, 7s, sewerage
War loan, 6s, 1884
MAS 106 107
103
105
do
60
53
6s,
ELall
City
gt% ’769 8.! Q-J
New Jersey-08,1897-1902... .JAJ* 106
34
New Orleans, La.—Premium bonds. 32
79
106
7s,
fire
bonds,
1890....
A
J
loan
J
6s, exempt, 1877-1896
JAJ
40
Consolidated 6s, 1092
92
r.. .Var. 36
7s, non-tax bonds
New York38
Railroad issues, 6s, *75* A *94..Var. 36
Chelsea, Mass.—6s, *97,waterLFAAt 109% 110
08, Canal loan, 1878
JAJ
Wharf impr., 7-30s, 1880.... J AD
99
97
HI.—6s,
long
Chicago,
dates—JAJt
6s,gold,reg., 1887....
J A J 112
JAJt 103*2 104*2 New York City7s, sewerage, 1892-*95
6s, gold, coup., 1887
J A J 115
100
103
water stock, 1876-80...
7s, water, 1890-*95
JAJt 106 107*4 68,
6s, gold, 1883
J A J
100
108
6s
do
1877-79...
104*2
103*2
7s, river impr., 1890-*95
JAJ t
6a, gold, 1891
102
J A J 118
100
104*2
do
1890
5s,
7s, 1890-*95
..JAJt 103*2
0s, gold, 1892....,
106
A AO 118
103
6s,
do
1883-90...
Cook Co. 7s, 1880
MANt 100 101*2
J A J 117
6s,gold, 1893...
106
103
104*2
6s,
103*2
stock,
’84-1911..
aqueduct
do
7s,
1892
MAN
North Carolina115
118
100
AN
78,
pipes
and
mains,
1900..M
View
Water
Loan
7s
t
Lake
16
18
Os, old, 1968-*98
J A J
[108 109
98'
96
6s,
reservoir
bonds,
1907-*11.Q—F
Park
7s.
Lincoln
16
17*2
6s, old.
-.
A AO
98
5s, Cent. Park bonds, *77-98.. Q -F 101 103
South Park 7s, 1870-’79....J A J 96
0s, NC. RR..
JAJ 70
108
97
95
es)
do
*77-95.. Q—F 100
West Park 7s, 1890.
1
117
6s, do
A AO 70
116
93
7s,
dock
bonds,
1901
M
N
A
Cincinnati, O—6s,long
Var.t
08, do
coup. off.
J A J 51
107
108
do
MAN
6s
1905
68, short...
Var.t
6s, do
coup. off.
AAO 51
108
68, floating debt stock,1878..Q—F 101*2 103
7-30s
Var.t 106
9*s 10
0s, Funding act of 1866
J A J
105
103
7s,market
stock, 1894-97..MAN 116* 117
7s
Var.t
9*2
do
1868
0s,
A AO
105
100
68, improvem’t stock, 1889. M A N 104
99*2
RR.
Southern
7-30s,
1902...JAJt
6s, new bonds
8
JAJ
7s
do
1879-90.M A N 101 114
do
7-30s,
new
t
6s,
do
A AO
8
113
86
6s, gold, cons, bonds, 1901.MAN! 111
do
68, g., 1906..MAN t84
0s, special tax, class 1
AAO
2*2
102*2 105
95
6s,
street
impr.
stock,
1888.M
A
N
Hamilton Co., O., os
class 2
AAO
0s,
do
2
*
7s’
do
do
*79-82.M A N 104 107
do
7sr short
t 100 102
08,
do
class 3
2
A AO
109*
107
108
104
6s, gold, new consol., 1896
do
long 7s A 7-30s. t
107
Ohio-08,1881
J A J 104
106
7s, Westchester Co., 1891
Various.
Cleveland, O.—6s. long
J A J 107
08,1886
113:
Newton—6s, 1905
--JAJ 112
30-year 5s
104
Pennsylvania—5s, gold, ’77-8.FAA*
103
5s,
1905
J&J
6s, short
Various.
5s, cur., reg., 1877-*82...... FA A*
98
94
Norfolk,Va.—6s,reg.stk,*78-85. .JAJ 107
7s, long
Various t
5s, new, reg., 1892-1902. ...FAA. 111 113
m
8s,
coup.,
1890-93
..Var.
Various t
7s, short
08.10-15,reg., 1877-*82.....F A A 107 108
8s, water, 1901
MAN 110*2 112
Special 7s, 1876-’81
Yearly t
0s, 15-25, reg., 1882-*92
F A A 114 114*2
98
99
114
100
100
Charleston^ S:.CL-%b,
,
*
Price nominal; no late transactions.
t Purchaser also pays
accrued interest.
1 In London.
648
THE CHRONICLE.
[Vol. XXVI
GENERAL QUOTATIONS OF STOCKS AND BONDS—Continued.
For
Explanations See Notes at Read of First Page of Quotations.
City Securities.
Bid.
Norwich, Ct.—5s, J
Ask.
) tl02
Orange, N. J.—7a..
Oswego, N. Y.—7s.
103
<99
106
.
r
Bid.
Boston A Lowelldo 68. 1879...
98
Bost. A N. Y. Air L.—1st 7s.
109
Buff.N. Y. A Phil.—1st, 6s,g.
113% Bur. C. R. A N.—1st, 5e, new,
Bur. A Mo. R.—L’d M., 7s,
84
t9634
g. 30
..
'
•
St. Pahl, Minn.— 6s, *88-’90.. J A D
7s, 1874-90
MAN
8s, 1889-96
Var.
S.
Francisco—78, g.,City A Co. .Var.
Savannah, Ga.—7s, old
Var.
7s,
new
Var.
Somerville, Mass.—5s, 1895.. A AO
6s, 1885
JAJ
6*98,1884
AAO
Springfield, Mass.—6s, 1905.. A AO
78,1903
g.95
1110
12
>
20
111
15
>
:29
r
r
93
31
97
80
60
r
>
108
101
r
Carthage A Burl.—1st, £
2d mortgage, 7s, 1885
3d mortgage, 7s, 1881
Consol, mort., 7s, 1906
*103
105
*
i04*2|
do
assented.
87*2 90 j
100
104
103
g.104 107
65
60
65
58
102L.,
tl02
106
tl05
1106*2 107
111 1*2 112
32
8
20
118..
do
104
101
94
99
102
101
104
98
90
100
.
91
40
106
Passump.—M., 7s,'93.AAO 1102% 103
Massawippi, g., 6s, gold, *89 JAJ *1
lonn. Riv.—S.F. lstM.,6s,’78..MAS 1100
onu. Val.—1st M., 7s, 1901 ...JAJ
40
!onn. West—1st M., 7s, 1900. JAJ
19
Connecting (Phila.)—1st, 6s ..MAS '103
....
99*4
108*8
2d
mort, 7s, 1887
3d mort, 7s, 1888
100*2
50
20
*
102
26
103
96
90
..MAS
AAO
103
30
98
92
90
106
93
107*2
°
-
......
100
107
108
2d mort., 7s.
do
do
do
35
9
60
iic*2
do
78,1896
L09
105
115
116
]
15
37
56
15
62
E. Tenn. A Ga., 1st, 6s,'80-86.JAJ
E.Tenn.A Va.,end.,6s, 1886.MAN
Eastern, Mass.—3*28, g.,1906.MA8
Sterling debs., 6s, g., 1906..MAS
JlmiraA W’msport—1st, 7s/'80. JAJ
5s, perpetual
AAO
Me Railway—
1st mort., 78, 1897
MAN
2d mort, 7s, 1879
MAS
3d mort., 7s, 1883
MAS
4th mort, 7s, 1880
..AAO
5th mort, 7s, 1888
JAD
Sterling, 6s, gold, 1875
M^AS
1st cons., 7s, gold, 1920
JAJ
2d cons., 78, gold, 1894
JAD
Debentures, 7s, g., 1903
Q—J
21*2
40
58
20
1103
104%
104
95
100
92
101
......
175
0
123
110
......
106*4 106%
98*4
107
99
107
J
107*4
......
2d mort, 7s
Cent
Cent
L.I., 1st, 7s, 1902
exten., 7s, 1903
104
107*4
104
'
107
J110
1103
193
112
105
95
toi
62
109*2 110*2
99
80
78
101
55
*83
*
105
65
87
30
MAN
MAS
MAN
I
-1st, 7s, g.,'89.AAO
►well—1st, 7s, 1891
I
T
X
do
(
(notes), 8s, 1883
(
(
108
.JAJ
150
5
182
79
108
70
20
84
82
110
6s.
109% 110*4 C
..JAJ 109*2 110*4 C
S, l.g., g’d, 7s, g
Chic. A S.W.—1st,7s, g. g’d,’90. M AN
90
1st M.,7s, l.g., gold,not
l,ii
guar. AAO
Cin. A Indiana—1st M., 7s,'92.JAD
92
Ex land grant, 1st 7s, '99
2d mort, 7s, 1882-87
Ireenv. A Col.—1st M., 7sf “guar
JAJ
Cin. ASp.—lst,7s, guar., 1901. AAO
73
72
Bonds, guar
94
80*2
45
.
1 The
108*2
Flint A Holly, 1st, 10s, '88.MAN *50
BayC.A E. Sag.—1st, 10s„82.JAJ 100
60
Holly W. A M.—1st, 8s, 1901.JAJ
'lushing A N. &-lst, 7, '89..MAN
■
Cin. Laf.A Ch.—1st, 7s,g.,1901.MAS
88
90
70
77
113%
1
1
99
Peninsula, 1st, conv., 7s,’98.MA8 110
115
Chic. A Mil., 1st M., 7s, '93..JAJ 111
115
Madison ext., 7s, g., 19II... A AO 1T96% 97
Menominee ext.,7s, g., 1911.JAD 1[97
97*8
La C. Ir. A P., 1st M., 10s,’78. A AO
Northw. Un.,lst, 7s, g.. 1915.MAS 11*90
Chic. A Pad.—1st M., 7s, 1903. JAJ
Chic. Pek. A S.W.—1st, 8s,1901.FAA *
55
FAA
JAJ
105
20
107
JAJ
AAO
110% 1 'lint A Pere M.—lst,l.g.8s,’88.MAN
Cons. S. F., 8s, 1902
.MAN
93%
......
45
45
Bangor A Pise. 6 A 7s, '99... AAO
110
i'09%
97*«
t6958
t74
Loug Dock mort., 7s, 1893.. JAD
104
105
.]
102*4
Cons, mort,, 7s, 1898
102*4
Equipment, 7s, 1890
108
110 I 1
10238 102*2!
110
25
85
85
Recon. trustees’ certs., 7s
111
.
-
102*2 103
L14
92
94
......
Chic. A.Can. So.—1st, 7s, 1902 AAC
Chic. Ciin.ADub.—1st, 8s, '96.JAE
100*8 Chic. A East. Ill., 1st mort. 6s......
do
income M., 7s.,
45
88
ids
104
10
103
►unk. A.V.A
...JAJ 1110*8 L10*2
...
109
95
26
90
90
105
102
JAJ
P.—Ist,7s,g..l900JAD
►utchess A CoL—1st,7s, 1908.JAJ
1st mort., 2d Div
1108
113
191
110
107
45
66
70
<
.
1st, 6s, g., 1899, ex coup.
65
purchaser also pays accrued interest.
75
1
f In Loudon.
H In Amsterdam
*7
*
103%
: >ayt A West—1st M.,6s, 1905. JAJ
1st mort., 7s, 1905
91*4 91*2
87
JAJ
92^8 93 1 >ela ware—Mort, 6s,g’d, *95. .JAJ 104
96 i
>el.A Bound B’k—1st, 7s,1905FAA
*9.4
92
92
: >el. Lack.A W.—2d M., 7s, '81.MAS
104% 105
Convertible 7s, 1892
:..JAD 100
70
73 I
Mort 7s, 1907
MAS 105
►enver Pac.—1st M.,7s, g.,’99.MAN
42
105
1]
62
90
IT 69
1
30
28
*35
1st M., 8s, end. M. C., 1902.MAN *170
>et. Eel Riv. A HI.—M., 8s, '91.. JAJ
ids
; ►dt. L. A North.—1st,7s, 1907. A AO
t95
80
►etr. AMilw.—1st M., 7s, '75. MAN 135
100
2d mort., 8s, 1875
.MAN 135
90
Det A Pontiac, 1st M., 7s, '78. JAJ
199
do
3d M., 8s, 1886.FAA
1100
100*2
1102
West. Pacif., 1st, 6s, g., '99.
115*4 Chic. R. I. A Pae.—
S. F., income, 6s, 1895
1106*2 107
*185
90
6s, 1917, coup....
*1 85
90
6s, 1917, reg
Price nominal; no late transactions.
:onu. A
......
98*2
....
1135
*199
*190
1100
22
19
70
104
55
108
107
iii*s
Sterling mort., 6s, g., 1902. .MAS 1108
do
6s, g., 1910. MAN 1105
Balt A Pot’c—1st, 6s, g., 1911. JAJ 186
1st, tunnel, 6s, g.,g’d, 1911. AAO 188
Bellev.AJS. I1L—1st, S.F.8s,'96. A AO
JAJ
Cumberl.Val.—1st M.,8s,1904. AAO
50
51
40
’
98
JAJ
7s, 1892
.
<
86*2
6938
.
1st M., 7s, 1880
2d M..
90
„
*
106
107
05
.
60
85
57
67
80
*63*2
T. Logansp. A B., 7s, 1884..FAA
Cin. A Chic. A. L., 1886-.’90
Iud. Cent., 2d M., '10s, 1882. JAJ
1100*2 101*2
8,
Consol, mort., 7s, g., 1903.. .AAO 187*8 873s
1st mort., 8s, 1890-’92
Var.
Land income, 8s
...JAJ 1107
107*2 Chic, Mil. A St. Paul—
AU'ta A Rich’d A. L.—1st, 8s..JAJ
30
40
P. D. 1st mort., 8s
FAA
Atlantic A Gt. Western—
P. D., 2d M., 7 3-lOs, 1898..FAA
let mort., 7e, gold, 1902
30
JAJ
J28
St. P. A Chic., 7s, g., 1902... .JAJ
2d mort., 7s, g., 1902
13
.MAS 111
Mil. A St. P., 2d M., 7s, 1884.AAO
3d mort. 78, g., 1902.
MAN
15*2
6*2
La. C., 1st M., 7s, 1905
JAJ
Leased L. rental, 7s, g., 1902.JAJ 142
46
j I. A M., 1st M., 7s, 1897
JAJ
do
do 7s, g., 1903.JAJ
20
117
I’a. A Dak., 1st M., 7s, 1899. JAJ
30
West. ext. certifs, 8s, 1876..JAJ 126
Hast. A Dak., 1st M.,7s, 1902. JAJ
do
do
30
7s, guar. Erie 126
Chic. A Mil., 1st M.,7s, 1903.JAJ
Atlantio A Gulf—Cons. 7s, '97. JAJ
91
89
1st mort., consol., 7s, 1905. .JAJ
Consol. M., 7s, end. Sav
40
Chicago A Northwest1st mortgage, 7s, end
88
JAJ
Sinking fund,IstM.,78,*85 .FAA
8. Ga. A Fla., 1st M. 7s. 1889.MAN
97*« ioo
Interest mort., 7s, 1883
MAN
31
Consol, mort., 7s, 1915......Q—F
At.Miss.AOkio.—Cons.,g.l901.AAO 129
Com. bondholders certs
31
Exten. mort., 7s, 1885
129
FAA
AtL A St. Law.—St’g 2d, 6s ,g. AAO 1106
107
1st mort, 7s, 1885
..FAA
Bald Eagle Val —1st M., 6s,’81.JAJ
Consol., gold, 7s, cp., 1902..JAD
Baltimore A Ohio—6s, 1880...JAJ * 103*4 103%
do
do
reg
6s, 1885.
AAO *104*2 105
Iowa Mid., 1st M., 8s, 1900. AAO
110
Sterling, 6s, 1895
MAS 1108
Gal. A Chic, ext., 1st, 7s,’82.FAA
'
76
104
35
.
14
50
83
*50
7s,’93-’95.
a,
39*2
12*4
Col.A Ind. C., 1st M., 7s, 1904.JAJ
do
2d M., 7s, 1904.MAN
U11.A Logansp.,lst, 7s, 1905.AAO
76*2
.......
•
38%
FAA
103
103*2
AAO 102
90
MAN
AAO
Allegh. Val.—Gen. M., 73-10s. .JAJ 108
East, exten. M., 7s, 1910
87
AAO
Income, 7s, end., 1894
23
AAO
Amer*n Cent.—1st M., 8s,*78..JAJ tioo
Ark. Cent.—1st M., 8s, g., *91..JAJ
Atch’nA Pikes P.—1st, 6s, g.’95MAN
35
Atch'n A Neb.—1st,7s, 1907..MAS
70
Atch. Top.AS.F.—1st,7s, g.,'99. JAJ 1104*2
Land grant, 7s, g., 1902..... AAO 1103*2
Belridere Del.—1st,6s,c.,1902. J AD
2d mort., 6s, 1885
MAS
3d mort., 6s, 1887
FAA
Boston A Albany—7s, 1892-5. FA A
6s, 1895
JAJ
Boat. Clint A F.—IstM., 6a,'84. JAJ
1st M., 7s, 1889-90
...JAJ
N. Bedford RR., 7b, 1894
JAJ
Boat Cone. A Mon.—S.F., 6s,'89.JAJ
Consol, mort., 7s, 1893.
AAO
Boat. Hart.A E.—1st, 7s, 1900. JAJ
1st mort., 7s, guar
.....JAJ
103
75
1103
30
RAILROAD BONDS.
Alb*y A Susq.—1st M., 7s, '88.. JAJ
2d mort.. 7s, 1890
Chic. A Gt. East, 1st,
......
76*4
Catawissa—1st M., 7s, 1882.
104
8s, 1877-89
88, water, 1893 A '94
Var. 105
Washington, D.C.—See Dist. of Col.
Wilmington, N.C.—6s, gold, cou. on
75
85
•88, gold, cou. on
Worcester, Mass.—6s, 1892... A AO 1111*2 112*2
Yonkers, N. Y.—Water, 1903
109
Ala*. Cent.—IstM., 8s, g., 1901.. JAJ
Ala. A Chatt.—1st, 8s,g.,g*d,’99.JAJ
7s, receiver’s certs, (var. Nos.)...
Ala. A Tenn. Riv.—1st, 7s
77
S. F. 2d mort., 7s, 1876
MAS
lev. A Pitts.—4th M., 6s, 1892.JAJ 108
Consol. S. F., 7s, 1900
MAN 110
lev.Mt. V. A Del.—1st, 7s, gold, JAJ 1129*8
Columbus ext., 7s, gold, 1901
1127%
*1100
Cedar R. A Mo.—1st, 7s, '91...FAA 1102*2 103
1102*4 103
105*2 107
1104*2 105*2
34
38
104*2 105*2 Cent, of N.J.115
116
104*2 105*2!
82
86
do assented.
40
tlOl
g.90
A N
Var.
101
t
AAO ni7
Stockton, Cal.—8s
Toledo, 0.-7-308, RR., 1900.M
100
97*4 Cape Cod—7s, 1881
Carolina Cent.—1st, 6s,#
till *2 112
103
tl02
35
55
65
Ask.
•
102
80
10S
»1102*2 103
tl06
Portsmouth, N. H.106*4
110
111*2 Califor. Pae.noi
107*4
114 1115
6s, 1885
tl06 1107
M &
103*2 101
8s
J A J 119
Cam. A Bur. Co.—1st M.,
Rochester, N.Y.—6s,*76-1902.Var. 100
104
Canada So.—lstM.,gua
i
112
7s, water. 1903
J A J 110
Deb. certificates
Rockland, Me.—6s, ’89-99,RR.FAA
Sacramento, Cal.—City bonds, 6s
Sacramento Co. bonds,, 6s
Salem, Mass.—6s, long..'
AAO
5s, 1904, W. L
JAJ
St. Joseph, Mo.—78
Var.
Bridge 10s, 1891
J A J
St. Louis, Mo.—
6s cur., long bonds
Var
6s, short
Var.
Water 6s, gold, 1887-90...J
do
do (new), 1892.A
Bridge approach, 6s
Renewal, gold, 6s...
Var.
Sewer, 6s, gold, 1891 -’93....Var
St. L. Co.—Park, 6s, g.,1905. A A O
Currency, 7s. 1887-*88
Var.
Bid.
.
108
I *100
r 105
j ll2h
\
r
82*2
) 101
60
rl107
Railroad Bonds.
Cin. Ham. A D.—1st M., 7s,'80.MAN 100% 102
2d mort., 7s, 1885
96
97
-..JAJ
r 1102% 103*4
Consol, mort, 7s, 1905
AAO
r 1113*2 114
Cin. H. A I., 1st M., 7s, 1903.JAJ -**30‘
102
Cin. Rich. A Chic.—1st, 7s, '95. JAJ
80
85
r ms
116
Cin.Rich. A F. W.—1st, 7s, g... JAD
45
55
Cin. Sand’kj' A Cl.—6s, 1900..FAA *t 60
*47*2
>
108*2
78,1887 extended
MAS
t79
r
Consol, mort, 7s, 1890......JAD
(33
35
)
69*2 6938 !lev. Col. C. A I.—1st, 7s, '99.MAN 108
109
> 111*2 112*2
Consol, mort, 7s, 1914
90
JAD
1110
Belief. A Tud. M., 7s, 1899...JAJ
95
r 1116
116*2
lev.AM. Val.—1st, 7s. g.,'93.FAA
*
106
8s, special tax.
Ask.
>1110*5 Ill
101
J
J
8s
Railroad Bonds.
96
82
50
90
36
10
June
GENERAL
For
QUOTATIONS OF STOCKS AND BONDS—Continued.
Explanations See Notes at Head of First Page of Quotations.
Bid.
Railroad Bonds.
MK.CTSpteJkoas&W—B.1, N..OHIuaavechn&&DRerdby,
Land grants
1
Quincy & Pal., 1st, 8s, 1892.F&A
M.&
lstM.,C. B. & St. Jos.,7s,’80. J&J
M. 78,1907.J&J
25
30
199
106
101
£108
£99
110
99
110
18
*55
95
F&A
mort., 7s, 1896
M&N
J&J
mort., 8s, 1890
Scioto & Hock.Val., 1st, 78..M&N
Balt. Short L., 1st, 7s, 1900..J&J
an. & Balt., 1st, 7s, 1900. ...J&J
Marietta P. & aev.—1st, 7s, g., ’95
Consol. 78
...
Lake Shore & Mich. So.—
M. 6o.& N.I., S.F.,lst, 7s,’85.M&N
Cleve. & Tol., 1st M.,7s, ’85.. J&J
do
2d M., 7s, 1886.A&0
Cl. P. & Ash., 2d M., 7s, ’80. .J&J
do
3d M.r7s, 1892.A&0
Bnff.&E.,newbds, M.,7s,’98. A&O
Buff. & State L., 7s, 1882... .J&J
Det. Mon. & Tol., 1st, 7s, 1906...
Lake Shore Div. bonds
A&O
L. S.& M. S., cons., cp., l8t,7s. J&J
do cons., reg.,1st,78,1900.Q—J
do cons., cp., 2d,7s, 1903..J&D
do cons.,reg.,2d, 7s,1903.J&D
77
67
60
60
10
95
l 89
*109
65
62
19
98
91
110
1102
1100
193
+99
103
96
100
74
1105
80
83*2
105*4
86*2
100*2
-
100*2
88
102
‘
i
100
38
1
•
113
......
.
% #
.
.
.
Construction, 7s, 1889
..F&A
Bonds, 1900
J&J
General mort., 7s
A&O
Consol, mort., 7s, 1915
J&D
Nasli.Chat.&St.L.—1st,7s,1913 J&J
Nasliv.& Decat’r.—1st,7s,1900. J&J
Nashua & Low.—6s, g., 1893.F&A
Nebraska—1st, 7s, end. B.& M. Neb.
Newark & N. Y.—1st, 7s, 1887.J&J
New’kS’set&S.—1st, 7s, g.,’89.M&N
99*2
•
.
mm
•
55
••••••
80
Smithfn&Pt Jeff, 7s, 1901.M&8
Louis’a & Mo.R.—1st, 7s, 1900F&A
98*2 100
Lou’v.C.& Lex.—1st,7s,’97 J&J (ex) H03
103*2
„
2d mort., 7s. 1907
Louisville & NashvilleCon. 1st mort., 78
2d mort., 7s, g., 1883
A&O
A&O
M&N
1045s 105
8738
A&O
A&O
7s, 1913.
Pittsb.&Con’Usv.—lstM.7s,’98.J&J
87*2
Sterling cons. M., 6s, g., guar.J&J
......
102*4
102*e
102
56*2
59
85
1102*2 103
1102*2 103
113
1112
83
60
111% 112*ft
86
12
49
95
74
40
20
51
*35
40
86
93
70
34
110
ill"
104*2 104 58
98*2 99
50
50
55
£106
108
£20
30
94*2
£97
95
93*2
112
100*e
40
60
91
25
105 •
102 *
92
106*2
113
50
103*2
57
63
89*2
95
99
122
’
*
*
2
22
60
5
27*2
110
100
112
96
*32
100
103
38
20
92
£90
Sandusky M.&N.—1st. 7s,1902. J&J
121% 122
72
97
71
Rich’d&Dan.—C.M.,6s,’75-90.M&N
96
Piedmont Br., 8s, 1888
A&O
85
Rich. Fred. & Potomac—6s, 1875...
J&J 100
Mort, 7s, 1881-90
Rich’d&Petersb’g—8s, ’80-’86.A&O 104
95
New mort., 7s, 1915
M&N
RomeWat’n&O.—S.F.,7s,1891 .J&D
2d mort., 7s, 1892
J&J
32
Consol, mort., 7s, 1904
A&O
Rutland—1st M., 8s, 1902
M&N 175
Equipment, 8s, 1880
M&S t59
Equipment, 7s, 1880
M&N 157
91
10
5
Savannah&Chas.—lstM.,7s,’89J&J
30
40
Chas.& Sav., guar., ’6s, 1877.M&S
104% 104*2
95
101
Seab’d&Roan’ke—lstM.,7s,’81F&A
116
Sterling mort., 6s, g., 1903... J&J £115
95
Sham.Val.& P.—1st, 7s, g.,1901 J&J * *94
N. Y. C., premium; 6s, 1883.M&N 104*4 105
25
105
106
Sheboyg’n&
F-du-L.—1st,7
s,’84J&D
do
J&D
6s, 1887..
Shore
105
L.,
Conn.—IstM.,7s,’80.M&S
real est., 6s. 1883..M&N
do
*
50
65
Hud. R., 2d M., 7s., 1885....J&D 110*2 111*4 SiouxC.&St.P.—lstM.,8s,1901M&N
t
55
Sioux
C.
&
’98.J&J
90
Pac.,
1st
M.,
6s,
8950
N. Y. Elevated.—1st Mortgage
So. &N. Ala.—1 st, 8s,g.,end.’90.. J&J
N.Y.&Harlem—7s,eoup.,1900.M&N 120
93
120%
Sterling mort., 6s, g
M&N £91
7s, reg., 1900.
.T;. .M&N
85
87
4
6
South Carolina—
N.Y.&Os-Mid.—1st M.,7s,g,’94.J&J
1st
mort.
i:
,7s,’82-’88
J&J
*4
2d mort., 7s, 1895
M&N
27
34
1st, sterl. mort., 5s,g.,’82-’88.J&J
Receiver’s certifs. (labor)
20
25
Bonds, 7s, 1902, 2d mort.... A&O
do
do
(other)
Bonds, 7s, nou. mort..
A&O
N Y.Prov.&B’n—Gen. 7s, 1899 .J&J
Southern of L. I.—M., 7s, ’79. .M&S
Norfk&Petersb.—lstM.,8s,’77.J&J 100
90
88
94
South Side, L. I.—1st, 7,1887.M&S
1st mort., 7s, 1877
J&J
35
40
do
S. F., 2d, 7s,1900.M&N
90
95
2d mort., 8s, 1893.
J&J
110
South Side, Va.—1st, 8s,’84r’90.J&J 103
North Carolina—M., 8s, 1878.M&N 100
2d mort., 6s, 1884-’90
J&J 75
North Missouri—1st mort
J&J 10650 108
86
3d
110
6s,
J&J
mort.,
1886-’90
109*2
North Penn.—1st M., 6s, 1885. J&J
*50
35
115
111*2
So.Cen.(N.Y.)—lsb7s,’99,guar.F&A
2d mort., 7s, 1896
.M&N
70
75
107
108
So.
Minnes’ta—IstM.,8s,’78-88.J&J
Gen. mort., 7s, 1903
J&J
98
1st mort. 7s
v_: 1
Northeastern—1st M., 8s, ’99..M&S 105
94
90
So.Pac.,Cal— 1 stM.,6s,g.,1905. J&J
2d mort., 8s, 1899
.M&S
107
Soutliwe8teru(Ga.)—Conv.,7s,1886 100 101
Northern Cen.—2d M., 6s, 1885. J&J 106
101
— .Var.
Muscogee R.R., 7s
3d mort., 6s, 1900.. i....... A&O 100
96
*93
94*2 95*4 Steubenv. &Ind.—1 stM.,6s,’84. V ar. 110
Con. mort., 6s, g., coup., 1900.J&J
120
95
St.L.Alfc.&T.H.—1st
’94.
93
M.,
7s,
Var.
6s, g., reg., 1900
A&O
70*4 86
2d mort., pref., 7s, 1894 — F&A
50
Mort. bonds., 5s, 1926.
J&J ,5<40
37
2d income, 7s, 1894
M&N 30
88
Con. mort, stg. 6s, g., 1904.. .J&J
£86
122
£93
*
34
77
60
59
93
...
-
_
......
;
m
m
-
•
{io3 ’ ids"
95
;
Pitts.Ft.W.&C.—IstM.,7s,1912.J&J 121
2d mort., 7s, 1912
...J&J 116
108*2
100
3dmort.,7s,1912
A&O 108
108
92%
Equipment, 8s, ’84, aU paid.M&S £106
46*2 48
Pitts. Titusv.& B.—New 7s,’96F&A
101
100
5
10
Port Hur.&L.M.—1st,7s,g.,’99 M&N
100
2
1102
102*4 Portl’nd&Ogb’g— lst6s,g. ,1900J&J
10
105
Yt. div., 1st M., 6s, g., 1891..M&N
75
Portl.&Roch.—IstM.,7s,1887. A&O
Pueblo & Ark. V.—1st, 7s, g., 1903. 1100*8 10038
92
88
Quincy&Wars’w—IstM.,8s, 90.J&J 1110 110*2
104
106
Reading & Columbia 7s.
87
84
Ren.&S’toga—1st 7s,1921 cou.M&N 115
115
1st 78, 1921, reg
22
24
89
.
Price nominal; no late transactions.
102
108
5
PekinL.&Dec.—l8tM.,7s,i900.F&A
Pennsylvania— 1st M., 6s, ’80. .J&J 106*2 107
General mort, 6s, coup.,1910 Q—J 109*2 110*2
do
6s, reg., 1910. A&O 108*2 109*2
_
Louisville loan, 6s, ’86-’87..A&0
Leb. Br. ext., 7s, ’80-’85
Leb. Br. Louisv. l’n, 6s, ’93.. A&O
Mem.& 0.,stL, M.,7s, g.,1901J&D
Clarksv., st’g, M., 6s, g.F&A
*
2d mort. debt
N.O.Mob.&Chatt—lst,8s,1915.J&J
N. Y.Bost.&M’nt.—1 St ,7s,g.,’89 F&A
10930 N.Y. & Can.—£ M.. 6s, g., 1904.M&N
New York Cent. & Hud.—
Mort., 7s, coup., 1903
J&J
iii
Mort., 7s, reg., 1903.
...J&J
101
Subscription, 6s, 1883
M&N
-
Rockaway, 7s? 1901. A&O
N.O.Jack.&Gt.N.—l8tM.,8s’86.J&J
2d mort., 8s, 1890, certifs ..A&O
_
Little Schuylkill—1st, 7s, ’77. A&O *104%
Long Island—1st M., 7s, 1890.M&S * 98 100
80
Newtown & FI., 7s, 1903 ...M&N
N. Y. &
Paris&Dec’t’r—IstM. ,7s,g.,’92. J&J
2d mort.,
M&N 117*2
F&A 107
N’burgli&N.Y.—1st M. 7s,1888.J&J
M.,6s,’85.M&S
J&D
111
L. Rock& Ft.8.—lst,l.gr.,7s ’95.J&J *145
Paris & DanvUle—1 st M., 7s .1903.
106
1102
1104
......
N. Lon.&North.—1st
2d mort., 7s, 1892
109*4
105
111
111
105
109
111
113
110
100
99
M&S
Ohio&Miss.—Cons. S. F. 7s,’98.J&J
Cons. mort., 7s, ’98
J&J
2d mort., 7s, 1911
A&O
Oil Creek—1st M., 7s, 1882...A&O
Old Colony—6s, 1897
F&A
J&D
6s, 1895.
7s, 1895
M&S
83
Omaha&N.W.—1st, l.g.,7.3,g.J&J
29
Omaha & S.W.—lstM.,8s,1896. J&D
13*4 Orange&Alexandriar—
95
1st mort., 6s, ’73. M.&N
89
2d mort., 6s, 1875
J&J
90
3d mort., 8s, 1873
M&N
4th mort., 8s, 1880
M&S
Or. Alex.& M„ 1st M., 7s. ’82.J&J
‘30
Oregon & Cal. 1st M. 7s, 1890. A&O
Osw.&Rome—1st M., 7s, 1915.M&N
Osw. & Syracuse—1st, 7s, ’80.M&N
Ott. Osw. & Fox R.-M., 8s, ’90.J&J
iod
Pacific of Mo.—lstM.,6s,g.,’88.F&A
86
2d mort., 78, 1891
J&J
40
Car. B., 1st mort., 6s, g. ’03..A&O
M&S
Income, 7s
110*2 Panama—Sterl’gM., 7s, g. ’97.A&O
S. F., 8s. 1890
......
Morris & Essex—
1st mort., 7s, 1914
2d mort, 7s, 1891
102*4 103*4
95*2 97
67*2 68*2
111
Ogd’nsb’g&L.Ch.—lstM.6s,’98,J&J
MonticeUo&Pt.J.—lst.7s,g.’90Q—J
50
107
100
Ask.
198
90
2d mort., 8s, 1879.M&S *t60
Kalamazoo&S.H.,lst,88,’90.M&N 170
92
Cons, mort., 6s, reg., 1905..Q—M
Mich. L. Shore - 1st M., 8s, ’89.J&J
93
55
do
45
6s, coup., 1905..J&D
MU. & North.—1st, 8s, 1901... J&D
88
Minn. & St. Louie, 1st mort
Navy Yard, 6s, reg., 1881 ... J&J *100
102
Penn.&N.Y.—lst.7s,’96&1906.J&D 111*2
Miss. Cen.—1st M., 7s, ’74-84.M&N 100
100
97
98*2 Peoria & Hannibal—1st, 8s, 1878
2d mort., 8s, 1886
F&A
Peoria Pekin & J.—1st, 7s, ’94. J&J *20
85
83
do
Ex coup
111
Peoria&R’k I.—lst,7s,g.,1900.F&y
Miss.&Term.—1st M., 8s, series “A” 109
Perkiomen—1st M., 6s, 1897..A&O
83*2 86
do
88, series “ B”
C. M., guar.,P.&.R.,6g.,1913.J&D £ 55
R.—lst,7s,g’90. J&J
89
Mo. Kansas & Texas—
Petersburg—1st M., 8s, 79-’98.J&J
20
2d mort., 8s, 1902
40% 42*2
J&J
1st mort., 78, gold, 1904-6.. F&A
57*2 58*4 Phil. & Erie—1st M., 6s, 1881.A&0 103
1st, 6s, g., 1899. (U.TP. S. Br.)J&J
10
2d mort., 7s, 1888
J&J 101
2d mort., income
£90
2d mort., guar., 6s, g., 1920. J&J
Han. & C. Mo., 1st 7s, g.,’90.M&N '•84*2 90
82
Mo. F. Scott & G.—1st., 108, ’99. J&J
PhUade.phla & Reading—
1st mort.68,1880
14
J&J 105*2
2d mort., 10s, 1890
A&O
1st mort., 7s, 1893
54
57
A&O 110
Mob. & Mont.—1st, end. 8s, g.M&N
40
54
57
Debenture, 1893
J&J
Mob.&Ohio—lst,8ter.8s,g. ’83.M&N
57
54
Mort., 7s, coup., 1911
....J&D 101*2
Ex. certif., ster., 6s, 1883.. M&N
Gold mort., 6s, 1911
40
45
J&D
Interest 8s, 1883
M&N
55
20
15
New convertible, 7s, 1893..-J&J
2d mort., 8s, var
March
45
G. s. f., $ & £, 6s, g., 1908
£61
30
J&J
Montclair & G. L.—1st 7s, (new)...
rr
Coal & I., guar. M., 7s, ’92.. M&S
4
4
2d mort., 7s (old mort lets)..
35
28
Phil.Wil.&Balt.—68, ’84-1900.A&O *104
Mont.&Euf. —lst,end.88,g.,’86 M&S
*
88
Pitt8.C.&St.L.—lstM.,7s,1900.F&A
198
100
189*2 91
95
32
34
12
10
70
80
Northern, N.J.—1st M.,7s,’78.J*J
Norw’h&Worc’r—1st M.. 6s.’97. J&J
do
*
......
Bid.
Northern Cent’l Mich.—1st, 7s
98
106
90
90
100
95
100
100
95
Equipment bonds, 8s, ’83.. .A&O
Ga. Riv. V., 1st 8s, guar.,’86.J&J
Lawrence—1st mort., 7s,1895.F&A
30''
Leav. Law. & G.—1st, 10s, ’99. J&J
South. Kans., 1st M., 8s, 1892
LeMgh & Lack.—1st M.,7s, ’97.F&A
Lehigh Val —1st M., 6s, 1898. J&D 108 110
2d mort., 7s, 1910
M&S 114 115
96*2 97
Gen. M., s. f., 6s, g., 1923....J&D
Delano Ld Co. bds, end.,7s,’92J &J
Lewisb & Spruce Cr.—1st, 7s.M&N
Lex’toaA St. L.—1st,6s, g.,1900J&J
96*2 •98*2
Little Miami—1st M., 6s,1883.M&N
••
85
Railroad Bonds.
.
-
12*2
80-
J&D
37*2
M&N
15
Income bds, No. 11,7s, 1916.M&S
15
No. 16,7s, 1916.M&S
do
1st M., 7s,’98.Var
75
&N’th’ton—1stM.,7s,’99. J&J
Keokuk&Des M.—1st,7s,1904. A&O
Conv. 6s, 1882
A&O
Funded interest, 8s, 1884.. .A&O
Keokuk & St. P.—1st, 8s,’79. .A&O 1100*2 101*2 N. J. Midl’d—1st M., 7s, g.,*95.F&A
*
60
2d mort., 7s, 1881
..F&A
Laf. B1.& Miss.—1st, 7s, g.,’91.F&A
*
60
N. J. Southern—1st M., 7s, ’89.M&N
Laf.Munc.&Bl.—lst,7s,g.l901F&A
Leav. Branch, 7s, 1896
28
Ask.
Marq’tte Ho. & O.—1st, 8s,’92.F&A *20
Mar. & O., M., 8s, 1892
J&D *100
Houghton & O., 1st, 8s, ’91...J&J *30
*25
110*2 Mass. Central—1st, 7s, 1893
99
Memp. & Charl’n—1st, 7s,’80.M&N
84
2d mort., 7s, 1885
J&J
35
Mem. & L. Rock—1st, 8s, ’90.M&N
Mich. Cen.—1st M., 8s, 1882..A&O 110*2
61
Consol., 7a, 1902
M&N 110*8
105
1st M. Air Line, 8s, 1890....J&J. 1105
96
94
60
1st
do
8s, guar....M&N
30
35
25
M.,7s,g.,.J&J 1106
95
A&O
..J&D
1st mort., 1. gr., 7s, g..l899-M&N
Land 1st mort., 7s, g., 1880..J&J
Land 2d mort, 7s, g., 1886. .M&S
•
2d
3d
*
do inc. bds, rg.,6s,1907.A&O
Kans. C. & SrFe.—1st, 10s.90.M&N
Income 7s...
Kansas Pacific¬
ist mort., 6s, gold, 1895
1st mort., 6s, g.,1896
86
77
110
86
Ind’pclis & Mad., 1st, 7s,’81.M&N 100
Joliet & Chic.—let M., 8s, ’82.. J&J 110
Junction RR. (Phil.)—1st,6s,’82 J&J *104
2d mort., 6s, 1900
A&O ,*104
98
Kalamazoo A1.&Gr. R.—1st, 8s. J&J
83
Kal.& Schoolcraft—1st, 8s, ’87.J&J
Kal.& Wh. Pigeon—1st, 7s, ’90. .J&J 100
Kans. C.St. Jo. &C. B.-
96
87
>r
.
.
‘
110
108
106
102
84
75
108
Illinois Central¬
ist mort. Chic.&Springf.’98. J&J £104
Sterling, S. F., 5s, g., 1903..A&O
Sterling, gen. M.,6s, g., 1895. A&O
do
58,1905
J&D
Ill. Grand Tr.—1st M., 8s, ’90.A&0
Ind’polis Bl’m.& W—1st, 7s, g. A&O
2d mort., 8s, 1890.
J&J
Extens’n 1st M., 7s, g., 1912.J&J
Ind’polis Cin.&L. -1st, 7s, ’97.F&A
3d mort.,7s, 1899
J&D
Ind’apolis & Cin., 1st, 7s,’88.A&0
Ind’polis & St. L.—1st,7s, 1919.Var.
2d mort.. 7s, 1900.
A&O
Ind’apoli8& Vin.—1st, 7s,1908.F&A
2d mort., 6s, g., guar., 1900.M&N
Intem’l & Gt.No.-dnt. 1st, 7s. A&O
Houst. & Gt. No., 1st, 7s, g. .J&J
Conv. 8s? 1892
........F&A
Ionia & Lansing—1st 8s, ’89. ..J&J
I’a Falls & Sioux C.—1st, 7s,’99A&0
Ithaca & Athens.—1st m., 7s,g.J&J
Jackson Lansing & Saginaw—
1st mort., 8s, ’85
J&J
North Exten., 8s, 1890
M&N
Consol, mort., 8s, 1891
M&S
2d mort., 1878
Jamest. & Frankl.—1st, 7s, ’97. J&J
2d mort., 7s, 1894
..J&D
Jefferson—Hawl’y Br. 7s, ’87..J&J
1st mort., 7s, 1889
J&J
Jeff. Mad.& Ind.—1st, 7s,1906.A&O
2d mort., 7s, 1910
*...J&J
Maine Cent.—Mort. 7s, 1898. ..J&J f 104
188
Exten. bonds, 6s, g., 1900...A&O
Cons. 7s, 1912
A&O t88
Androscog. & Ken., 6s, 1891.F&A 199
193
Leeds & Farm’gt’n, 6s, 1901.J&J
Portl’d & Ken., 1st, 6s, ’83..A&O t99
199
do
Cons. M., 6s, ’95.A&0
85
Mansf. & Fr’hani.—1st, 7s,’89..J&J
Marietta & Cincinnati—
80
1st mort., 7s, ’91
F&A
82
Sterling, 1st M., 7s, g., 1891.F&A
tl03
Waco &N.
W., 1st, 7s, g.,1903. J&J
Cons, mort., 8s, 1912
/ ‘ "
Hunt. & Br. Top—1st, 7s, ’90..1
2d mort., 7s, g., 1895
F&A
Cons. 3d M. 7s, 1895........A&O
L. Paducah & S.W.—8s, 1890..M&S 1T21
96
Macon & Aug.—2d, end. ,7s,’79.J&J
70
93
45
104
Harrisb. P. Mt. J.& L.—1st, 6s.. J&J *108 "
Hartf.Prov.& F.—1st M.,7s,’76. J&J 1107
Housatonic—1st M., 7s, 1885.F&A 105
100
6s, 1889
Houston & Texas Central—
95
1st, 7s, g.,’91
85
West. Div., 1st, 7s, g., 1891..uou>
Bid.
Railroad Bonds.
Ask.
92%
-
649
THE CHRONICLES
29, 1878. j
t The purchaser also pays accrued interest.
♦
In London.
1T In Amsterdam.
•
•
*+
THE CHRONICLE
l650
GENERAL
QUOTATIONS OF STOCKS AND BONDS—CoinroinsD.
For Explanations See Notes at Head
Bid.
Railroad Bonds.
fit.L.AIronM’t—1st M., 7s, ’92. FAA
2d mort., 7s, g., 1697
MAN
Cons. mart., 7b, g., 1914
AAO
Ark. Br. 1. gr., M., 7s, g., ’97. JAD
Cairo Ark. A T.,lst,7s.g./97.JAD
Cairo A FuL, lst,l.g.,7s,g./91.JAJ
Ask.
of First Page of Quotations.
Bid.
Railroad Stocks.
1073s 10830 Boston A Lowell.
60
69m
7*im
55
48
74
85
25
3
*40
500
100
100
Boston A Maine
Boston A Providence.
Buff. N. Y. A Erie, leased
100
55
fittSp.B.AErieJunc.—1st M.,7s
CjrJBing.AN.Y.—lstM.,7s/77.AAO 102
Terre H. A Ind.—1st M., 7s,’79. AAO
Texas A Pac.—1st M., 6s, g
MAS
Consol, mort, 68, g..
JAD
ToLCftn. S.AD’t.—lst,7s,g.l906JAJ
Tbi.P.A W.—IstM.,E.D.,7s/94. JAD
1st mort., W. D., 7s, 1896...FAA
2d mort, W D., 7s, 1886....AAO
BUrL Div., 1st, 7s, 1901
JAD
do
Cons. M., 7s, 1910. .MAN
ToL Wab. A W.—1st M., 7S/90.FAA
2d mort., 7s, 1878
MAN
do
85
*65*
29*
Cfcms. mort., 7s, 1907
do
do
ex
9812
86
*104
1108
$109
103
UnionPac.—1st M.,6s,g.’96-’99.JAJ 108*
Land Grant, 7a, 1889.
AAO 107*
Sink. F., 8s, 1894
MAS lOl*
Om. Bridge, sterl. 8s, g., ’96.AAO 1109
Union A Titusv.—1st, 7s, 1890,JAJ
Utah Cen.—1st M., 6s, g.,1890. JAJ
Utica A Bl’k R.—1st M., 7s, ’78.JAJ
JAJ
Mort, 7s, 1891..
Verm't A Can.—New M., 8s
Mlssissquoi, 7s, 1891
JAJ
Verm’t A Mass.—1st M., 6s, '83. JAJ
Oonv. 7s, 1879
JAJ
do
7s, 1885
JAJ
Vermont Cen.—1st M., 7s, ’86.MAN
12
2d mort., 7s, 1891
JAD
Stanstead S. A C„ 7s, 1887..JAJ
Vkk. AMer.—IstM.,end. ,7s/90. J AJ
2d mort, end., 7s, 1890
JAJ
VlrginiaATenn.—M., 6s, 1834..JAJ
..
WarrenAFr'kln—lstM.,7s/96.FAA
West Union RR.—IstM.,7S/96FAA
W. Jersey—Debent. 6s, 1883.. MAS
1st mort, 6s, 1896
JAJ
Consol, mort., 7s, 1890
AAO
W. Wisconsin—IstM.,7s,g./87..JAJ
WichitaAS. W.—l8t,7s,g.,guar.,1902
WU.A Weldon—8. F., 7s, g., '96. JAJ
WiLOoLAAug.—IstM.,7s,1900.JAD
WinonaA8t.Pet—IstM.,7s/87. JAJ
2d mort., 7s, 1907
MAN
Ex., l.g., mort,7s,g., 1916..JAD
Wisconsin Cent.—1st, 7s, 1901 .JAJ
Woro’r A Nashua—7s, '93-’95..Var.
Nash. A Roch., guar., 6s, ’94. A AO
.
Railway
do
Pref., 7
Erie A Pittsburg, guar.,
7
100
do
Pref., 8
Houston A Texas Central
100
100
Huntingdon A Broad Top
50
116
106
106
112
do
par
100
100
Mine Hill A S. Haven, leased
Missouri Kansas A Texas...
Mobile A Ohio
Morris A Essex, guar., 7
Nashville. Chat. A St. Louis
Nashua A Lowell.
100
Naugatuck.
107
Baltimore A Ohio
100
Pref.,6—..* .100
2d, pref
Washington Branch
100
Parkersburg Branoh
100
100
100
Berkshire, leased, 7
N. Y. Central A Hudson Riv
New York Elevated
New York A Harlem.
Boston A Albany
Boat Clint Fitchb. A New Bed.100
Soft Con. A Montreal
100
do
Pref., 6...100
122m
5
74
♦Price nominal; no late transactions,
7*5
t The
50
25
100
100
50 s.
Pref., 8
n
*
8
*
«■
'■¥ •
•
•
Tim
..50
j?*.
Trenton, leased, 10... 100 “6122
50
Pref., 7
123
96
$95*
Wilmington A Balt
50 ; §62* 62*
Pittsburgh Cincinnati A St. L...50
Pittsb. A Connellsville, leased... 50 §
5*
Pittsburg Titusville A Buffalo...50
•
•
•
•
.
-jndusky Mansfield A N
Schuylkill Valley, leased, 5.
5870
§
*85*’
Seaboard A Roanoke
100
80
do
90
guar
100
&
Shamokin VaL A P., Avirovui
w
leased, v•
6...50
Shore Line (Conn.) ,leased, 8.-.100 118
South Carolina....
;
62
»
50
**
•
95
»
123
10
10m
35
100
Syracuse, Bingh’ton A N. Y
Summit Branch, Pa
50
40m Terre Haute A Indianapolis... .100
1578 Toledo Peoria A Warsaw
100
31
do
do
do
do
1st
*
5900
pref. 100
.100
•
Worcester A Nashua
.
64m
Coupon 7s, 1894
Lehigh Nav.—6s,
65m
110* 111m
13* 13m
80
*§55
§15
1
52*
30m
.100
60
25
5
60
32
BONDS.
reg.,
*73
69
99*
.....AAO
6&..M
*7*2
100
98* 99*
A ‘ “
Registered 7s, 1894
87m
*-• • •
10
Chesap. A Del.—1st, 6s, 1886. .JAJ
Chesapeake A Ohio—6s, 1870 Q.—J
Delaware Division—6s, 1878..JAJ
DeL A Hudson—7s, 1891
JAJ
7s, 1884
JAJ
Jas. Riv. A Kan.—1st M.,
2d mort., 6s
§37*
•
i*2*i*‘
f
Vermont A Canada, leased
100
Vermont A Mass., leased, 5. .;.100
Wabash
Warren (N. J.), leased, 7
50
Westchester A Phila., pref
50
West Jersey
50
West. Maryland
5878
100
4
5
5
1
2d pref..100
Troy A Boston
CANAL
-
90
Wilmingt’n A Weldon, leas’d, 7.100
.
98* 100m
101
43
MAN
1884.. .Q—J 104m
Railroad 6s, reg., 1897
C
44
Debenture 6s, reg., 1877
JAD
Convertible 6s, reg., 1882... J
3em
do
6s, g., reg., 1894.MAS
68, gold, coup. A reg., 1897..JAD
Consol, mort., 7s, 1911
J‘
25
Loulsv. A Portl.—3d mort., 6s..
132
4th mort., 6s
Morris—Boat loan,.reg,, 1885. AAO
New mortgage
>
Pennsylvania—6s, coup., 1910. JAJ
104
104*
1»•••..
>*••••
35
*15
131
6
§48*
2
2m
83
50
100
101
Mortgage 6s, coup., 1895
JAJ
6s, improvement, cp., 1880.MAN
6s, boat and car, 1913
MAN
78, boat and car, 1915
MAN
Susquehanna—6s, coup., 1918. JAJ
7s, coup., 1902
JAJ
Union—1st mort., 6s, 1883
CANAL STOCKS.
”95"
93
ssm
88*
75
103
*70
102
103m io4m
f
66m
v
.•
60
86
61
90
56
57*
•>
• « •
*4*8
65
40
55
*20
Par.
v
Delaware A Hudson......
56*
§......
57*
35
3
1087a 109m
60
50 138
do
pref...
New York A New England
100
Tom
N. Y. N. Haven A Hartford
155
100
te::..
50
100
_
85
100
Newcastle A B. Val., leased, 10. .50
Nesquehoning Valley, leased, 10.50
New Haven A Northampton
100
New Jersey Southern KB
100
N. London Northern, leased, 8.. 100
Augusta A Savannah, leased. ..100
do
do
100
100
30m
■
100
25
§30
-
Indianap’8 Cin. A Lafayette
50
JefiTv. Mad. A Ind’p’s, l’sed. 7..100
76
Joliet A Chicago, guar., 7...... 100 100
100
50
sm
Pittsb. Ft. W. A Chic, guar., 7.100
do
75
Special, 7.100
Portland SaooA Portsm.,l’sed 6100
85
85m
14
Portsm’th Gt. Falls A Conway.I0o
3
43s Providence A Worcester
100
33
Pueblo A Arkansas Valley
100 r 28m ~2<r
27m Rensselaer A Saratoga.
100 100
Richmond A Danville
2
3
100 ;
ichmondFred. A P.
49m
do
do
80
guar. 6.
do
do
guar. 7
100 ; 90
Riohmond A Petersburg
45
100 ; 35
Rome Watertown A Ogdensb. .100
Rutland
3
100
do
6
8
Pref., 7
100
do
55
50
100
Scrip...;
2
St. Louis Alton A Terre Haute.100
im
do
"
do
Pref. 100
6
2m
Belleville A So. HI., pref
100
5. Louis Iron M’n A Souther]
6*
88
St. Louis Kansas C. A North. ..100
do
do
pref., 10.100
Pref...50
Michigan Central
31*
101
ioo**
50
....50
Phila.
50
Kalamazoo A. A Gr.R., guar., 6.100
103
Kansas City St. Jos. A Coun. B.100
112
108
Kansas City Topeka A West’n.100
65
60
Kansas Pacific
100
105
103
Keokuk A Des Moines, pref... .100
112
108
Lake Shore A Mich. 8a
100
90
*80
Lawrence (Pa.), leased, 10
50
90
80
Leavenworth Law. A Galv
100
80
78
Lehigh Valley.
50
85
80
LittleRock A Fort Smith
100
105
106m Little Miami, leased, 8
50
99m 100
Little Schuylkill, leased, 7..
50
Long Island
50
*90
t88
Louisville A Nashville
100
100
97m
Lykens Valley, leased, 10
100
30
25
Macon A Augusta
100m 101
Maine Central
.100
90
85
Manchester A Lawrence
100
93m Marietta A Cin., 1st pref
fl93
50
do
2d pref
50
1*07*
fl06
Balt. Short Line, guar., 8
88
t85
Cincinnati A Balt., guar., 8
100
52*
81*
48*
73*
117*
.100
Housa tonic.
do
Illinois Central.
Albany A Susqueh., Guar., 7. ..100
Allegheny Valley
50
■AtchisonTopeka A Santa Fe..l00
Atlanta A West Pt
Atlantic A Gulf
dd
Guar.,7
AtL A St Law., leased, 6, £
8
100
100
Memphis A Charleston
RAILROAD STOCKS*
Phila. A
119
18
85
120
*
.100
loom Phila. Germ’n A Nor., l’sed, 12. .50
Fitchburg..
100
Georgia Railroad A Bank’g Co. 100
Grand River Valley, guar., 5.. 100
Hannibal A St. Joseph
11m
100
do
26
Pref., 7.. 100
Harrisburg P. Mt. J. A L., guar. ,7.50 §*53
*8*2*
Westoh’rA Phil.—Cons.,7s/91.AAO *109
Wesfn Ala.—1st M., 8s, '88.. .AAO 104
2d mort, 8s, guar., '90
AAO 103
West Md.—End., 1st, 6s, 90.. .JAJ 108
1st mort., 6s, 1890
JAJ 100
West’nPenn.—1st M., 6s, '93. .AAO
Pitts. Br., 1st M., 6s, '96
JAJ
Erie
100
101
3a mort., 8s, 1900
JAJ
Warren (NJ.)—2d M., 7s, 1900.
End., 2d mort., 6s, 1890
JAJ
2d mort.,pref., 6s, 1895
JAJ
2d, end. Wash. Co., 6s, 1890. JAJ
3d, end., 6s, 1900
JAJ
Dubuque A Minnesota
(new).!
Pref
do
100
1083s Dubuque A Sioux City
100
107m East Pennsylvania, leased
50
102
East Tennessee Virginia A Ga.100
111
Eastern (Mass.)
100
58
Eastern in N. H
100
Elmira A Williamsport, 5
50
do
Pref., 7.. 50
87m
’
Pacific of Missouri
Philadelphia A Reading
.
*101* 104*
108m 110
Old Colony
do
Pref., 7.100
Delaware,
50
Delaware A Bound Brook
100
Delaware Lack. A Western
50
Det. Lansing A Northern, pref .100
87
12
Pref.........100
14
:.. .100 100m lOlx
do
100
Danbury A Norwalk
50
Dayton A Michigan, guar., 3m..50
do
Pref., guar., 8.50
83
108
110
111
coup..FAA
United Co’s N.J.—Cons.,6s/94.AAO
Sterling mort., 6s, 1894
MAS
do
6s, 1901
MAS
Cam. A Amb., 6s, 1883
FAA
do
6s, 1889
JAD
do
mort., 6s, ’89.MAN
§353a 38*
14*
§14
|l6m
Petersburg
Philadelphia A Erie..
100
Chicago A Rook Island
do
Pennsylvania Railroad
Pennsylvania Company
Cin. Hamilton A Dayton
100
Cin. Sandusky A Cleveland
50
do
Pref., 6.50
Clev. CoL Cin. A Indianapolis.. 100
Ciev. A Mahoning Val., leased...50
Clev. A Pittsburgh, guar., 7
50
CoL Chic. A Indiana Central... 100
Columbus A Hocking Valley. ...50
Columbus A Xenia, guar., 8......50
Concord.
50
Concord A Portsmouth,guar. ,7 100
Connecticut A Passumpsio
100
Connecticut River
100
Cumberland Valley.:
50
do
Pref
50
28
75
82
100
do
60
Equipment, 7s, 1883
MAN
Q-F
1st, St L. div., 7s, 1889
FAA
Gt West., Ill., 1st, 7s, ’88... FAA
do
do ex coup.FAA
do
2d, 7s,’93...MAN
Qfrioy A ToL, 1st 7s, 1890..MAN
Ill. A 8. Ia., 1st, 7s, ’82
FAA
30m
Chicago Burlington A Quincy.. 100
Chicago A East Illinois..;
Chicago Iowa A Nebraska
100
Chicago Milwaukee A St. Paul. 100
do
Pref., 7.100
Chicago A North Western... ,100
102
82
100
80
50
42
97
97
8
35
100
Pref., 7
Ask.
100
29 m
NorwichAWoroester4eased,10.100
iosm
^densburgh A Lake Champ.. .100 *31*
21
do
Pref., 8. .100 100m
30
Ohio A Mississippi
100
100
Cheshire, pref
Chicago A Alton
Bid.
Northern Pacific, new pref
88
fit.L.K.C.AN.2d(r’l est.),7s/95 MAS
Camden A Atlantic
50
35
fit. L.AS.E.—Con. M..7s, g./94MAN
do
Pref
50
5
1st, eons., 7s, g., 1902
FAA
50
Catawissa
Evansv. H. & N.,1st,7s, 1897. JAJ
do
Old, pref
50
8t,L. Jacks’v. A C.—1st, 7s, ’94.AAO 106m 107m
do
New, pref....
50
fit. L. A San F.—2d M., class A.
42
47m Cedar Rapids A Mo
.100
2d M., class B
24
26
do
Pref., 7
100
do
22
class C
23m Central of Georgia
100
South Pacific.—1st M
837s 84m Central of New Jersey
....100
8t.L.Vand.AT.H.—IstM.,7s/97. JAJ 101 105
Central Ohio
50
70
75
2d, 7s, guar.,’98
MAN
do
Pref
50
Central Pacific
Charlotte CoL A Aug
Railroad Stocks.
74
74m North Pennsylvania
.50
103m 104
Northern Central
...50
101m 102
Northern New Hampshire.... /.100
Burlington C. Rapids A Northern..
75m Burlington A Mo., in Neb
100
fit. Paul A Pac.—1st sec., 78...JAD
58
2d sec., 7s
MAN 1*46*
Cons., 7s
JAD 1T16
Bonds of 1869, 7s
MAN 113418
St. Vincent A B.. 7s
JAJ
1T578
do Receivers’ certfs., 10s, JAJ TT92
Summit Br.—1st, 7s, 1903
JAJ *f80
fiunburyAErie—1st M., 7s/77. AAO 110
Ask.
100
142
Moms, guar., 4
1......
do
pref., guar. 10
14m Pennsylvania
20
Schuylkill Navigation..
do
/
do
Now York Providence A Bos... 100
purchaser also pays accrue 1 Interest. | In London,
§17*
50
120
17*
55
125
*§
3
....
«•••••
§6
pref..
§*
f In Amsterdam.
§ Quotation per share.
7
7
June 23*
THE CHRONICLE.
1878.]
GENERAL
Bid.
QUOTATIONS OP STOCKS AND BONDS—Coothtokd.
Explanations See Notes at Head of First Pace of Quotations.
For
Miscellaneous.
651
Ask.
Miscellaneous.
Ask
Bid.
Ask.
N. Y. BOARD
MAN «JF ACTING
S
BONUS.
Bid.
Miscellaneous.
i.
STOCKS.
r.
Canton (Balt.)—
£ 6s. g., 1904.
Am.B.H.8.M.(Pa.)12%
u
8.
N
Consol. Coal—
IstM., 6s, *79..
95
75
100
cJ
98
95
100
98
Boston Co.(Maas.)1000
Boat. Duck (Mass.)700
Cambria Iron(Pa.). .50
85
Chicopee (Mass.) ..100
Cooheco. (N.H.)
500
A
2d M..6S, 1879
HI. A St. L. Bridge—
O
^
__
37
10
45
:s
cs
g.
J35
J
97
rs
% .......
Ptillnrn Palace Car—
N
2d M., (
81
Collins Oo. (Conn.). .10
Continental (Me,). 100
Dougl’sAxe (Mass) 100
Dwight (Maes.). ..500
Everett (Mass.)... 100
v66
*>•••
Frahklin (Me.).... 100
-
Great Falls (N. H.)ioo
•
Hamilton (Mass.) 1000
Hartf. Carpet (Ct.)lOO
Hill (Me)....
100
99
95
93
95
92%
A
A
Bates (Me), new ..100
Boott Cot. (Mass.) 1000
80
+80
|32
J
3d sene
4th do
Bartlett (Mass.)...100
cJ
a
91%
Holypke W. Power.lCK
166%
5]
Too
90
>8
80
t
4.......
19
6s, g
Western
108% 108% Lowell
sr
1
108
103
......
SilOl
B).
Sleachery.20C
Lowell Maoh.Rhop.50C
s
STOCKS.
5
18
0
9
25%
2%
27%
2%
3%
5
0
5
0
’.
9
0
9
)
ft
0
St. Louis Transfer Co.
)
9
9
U. 8. Trust Co..
......
......
102 %
48
48%
49
94
47%
93%
GAS STOCKS.
110
102
Baltimore Gas....l( )
certs.
do
95
101
»
13
> x800
>
35
> 116
.
Chelsea G. L....
116%
114% 115
» 138
138%
>
99% 100
) 100% 101
> 120
120%
126% 126%
84% 85
.
80
113
99
140
70
Brooklyn, L. I
Citizens*, Brooklyi
Metropolitan, B’klyn.
81
L16
LOO
L50
78
65
80
30
81
24
L50
55
70
20
75
“
^
T
*
145
Cincinnati G. & Coke. 150
47
155
110
People’s. Jersey C.
Louisville G. L..
117
Mobile Gas & Coke
70
80
80
Harlem,N. Y..*.*
185
Manhattan, N. Y,
Me
130
100
95
pal.
AW
74
gew
York, N.Y....100 95
N. Orleans G. L. .100 103
151
49
L65
L15
L18
80
....
ai.
A
N.
Portland, Me., G.L.50
ft Louis G.L
50
Joolede, St. Louis. 100
garondelet...........50
ban
Francisco GL.
Price nominal;
no
75
•
-
-
-•«
168
6
0
«
0
......
*••••■
......
A
v
5
0
•
•
0
0
•
•
•
3
•>••••
6
0
0
Justice
Kentuck
Memphis..
8
Kings Mountain.
.
1*65
2
0
Moose......
Mont Bross
N. Y. A Colorado.
Northern Belle. I.
Ontario
.
.
9
.
Plumas.
St.
9
9
)
pref.100
>al. ...100
fc>al
10
J
r
s
do
g
g
pref.
g
g
p
y
1*15
1*40
do
pref.100
>al
>
>
11%
>
>
l
13%
31
15
32%
36
15
18
25
.100
A
C
0
C
D
D
D
F
German American.
Howard
Marino
>
...
►
>
17
20.
*50*
63
§60
Third National....
Western....
Boston.
Atlantio
Atlas
4%
2ift
178ia 179
...50
...25
..20
..25
g
R
CN
Ol
Si
late transactions,
"%
10c*
...25
...25
...25
25
.....25
.25
25
28
1
10c.
15c.
Central...
City
6%
6%
6ift
20c.
1
P
i03 “ i.03%
>
1
1
STOCKS.
.03% F
90
)
7
Commonwealth.. .100
30c.
1% Eagle.
11%
38
127
200
103%
98
106%
122
123%
92%
96
95
230
75
100
95
160
170
50
115
91
10
60
J
Chicago.
11
9%
•fi.4
3%
j
140
.100 175
98
J
Too
.100 21*6*
.100 108
.100
.100
1
1
1%
6
130
140
.100
.100
.100
410*
3% 415
;
Cincinnati.
National.
121
106
83% 84
94
95
92
93
107
107%
80
85
L57
155
81
80
106% 107
L26
125
82
83
90
84
85
100
101
99
83
110
80*
126
98
100
95
140
130
101
101
100
110
115
147
150
113
64
116
128
130
Cleveland.
.100
..100
Nat.
100
.100
.
Hartford*
J
120
105
140
150
.100
1
1
J
<
121
118
3
12
10
1
30
£
12% 13% a
105
102
30
25
35
39
(
31
32
t
118
108
I
6%
7% li
105
100
I
7
8
C
30
26
S
10
10%
110
105
102% 104
i
19% 20
i
140
120
96
94
>
63
60
lr
on
OU
28
J
£
.
aoorued int.
m
40
50c. Eleventh Ward
100
L05
25c. 50c. Eliot
....100 104
L30
50c. 100c. Exchange
100 129
90
25c. 50c. Everett
100
89
100 125
9
9% Fanenil Hall
L25%
5c. First National
100 170
L72
83
84
2% First Ward.... ...100
1%
Fourth National.. 100
80
81
94
13
100
94%
13% Freemans*..
100
90
89
1%
1% Globe
25o. Hamilton
.100 100%: 01
25o. Hide A Leather.. .100
98
98%
5c. Howard..
100
93
94
t the purchaser also pays
190
103
96
106
106
78
88
Charleston.
2*66
4%
)
9%
!
)
Baltimore.
|
BOSTON MINING
N
O
•
Union Consol.
40
*3*
s
0
76
98
76%
30
154*
f
W
-
9
125,
6G
142
121
121
99%
lie
3*2*5* ’
9
90
do
98
:
9
9
59%f
141
120
120
•25
......
Joseph Lead.
107% 107%
100% 101%
85
200
65
90
90
150
150
,
n
9
)
99
120% 121%
17*6’ 190*
•••••*
-v
1*5*5**
97
lo
ov
•10
121%
15*6
92
•45
9
)
140
117
82
121
.100
•an
0
105
141
119
83
95% 95%
•37
Leviathan.
Lucerne...
Merrlmao i
4%
sis
85%
104%
121
123
7%
3%
2%
85
84%
85
.100
.100
.100
Brooklyn.
4-75
>
a
••••••
7%
0
0
>
1750
E
Manufacturers*.. .100
Market
.100
Massachusetts... .250
Maverick
.100]
Mechanics* (So. B. )100
10
Merchandise
.100
•25
Merchants*
.100
5
.100
Metropolitan
08
Monument
.100
15
Mt. Vernon
.100
4
New England.... .100
•38
North.
.100
North America.. .100
.,50
17% Old Boston
.100
People’s
Redemption.... .100
.100
Republic
.100
Revere
Rockland
.100
.100
14** Second Nat
.100
.100
.100
•22
.100
56%
.100
.100
04
.100
4%
25
P
$*34
..
Henry Tunnel Co.
Lacrosse.
>V
n
k
M
Liberties, PhHa. .25 $*
Washington, Phila..
4%
1%
0
.
.10
J
J
87
: .94
.35
....
.
......
•0
BANK STOCKS.
87% B
•
Vi
•
•
07
13
3
0
Granville Gold Co.
Hale A Norcross.
124
1055
1235
173
530
75
60
$30
14% a
802% 1
35%
)
>
-•wviMU
.25
I
1
Cambridge, Mass.
.
*
1
J
J
(
EXPRESS ST’CKSi
...
•
3%
10
STOCKS
Coal.
07141
87%
)
)
9
>
*
..
<COAlt A MISCEL
:::::: 1MINING
)
•
Seaton consol.
J
Brookline, Mass...
730
70
74
9
_
O
•••«*.
......
9
American flag.
5021ft Hukill
Imperial
230
......
r>
East Boston
South Boston.
410
660
1285
67
2
710
1%
9
17% 20
Salisbury (Mass.)..IOC
15c.
*200 220
25
16
10
20
70
x300 825
120
102
100
rremontAS.(Mass)10Q 115
700
720
13
20
76
74
8
5%
108 110
1
68
67
1200 1225
14% 15% 1
3
American
United States..
400
655
1275
500
220
715
69
122
1050
X1225
xl7l
525
73
55
*1700
565
700
10%i
5
Bertha A Edith...
Best & Belcher...
30
25
113
IIS’s Bobtail..
1540 1545 Buckeye
Bullion
x925 950
Caledonia Silver.
710
700
California
57
Calumet A Hecla.
113
Cashier
x600
620
Chollar-Potosi....
7
6%
45
43
xl04 105
405
410
83
84
50
47
Dahlonega.
90
89
x900 910
221
223
Gold Placer
53
55
150
153
KlOOO 1025
.100
Kearsarge.
K)
§243* 25
90
88
Amoskeag (N.H.) 1000 X1525 1635
90
88
75
Androscog’n (Me.).100 70
103% 1104% Appleton(Mass.). 1000 650 675
90 102
Atlantio (Mass.).. .100 XU3 114
tJ
I Ask.
Bid.
Bank Stocks.
76
30
>..50
100 110
87
.100
.100 152
.100 114
64
e.50
.100 149
113
X
$
I8
67
83
35?
112
§9,
154
116
66
154
U6
Louisville.
B
B
C
C
C
F
F
F
F
G
<3
E
L
National
116
60
80
100
82
89
85
100
.
100
105
106
X
80
k
E
10*7*
P
S<
S<
i*27*
T
W
V
in London. § Quotation'per share.
*86*
118
61
81
100%
10
84
92%
89%
*9*9
101
106
107
153
85
90
109
15
87
130
85
100
89
.
THE
652
CHRONICLE.
QUOTATIONS OP STOCKS AND BONDS—Concluded.
GENERAL
For Explanations See Notes at Head of First
Bid.
Bank Stocks.
Bank of Mobile
50
100
First Nat
Nat. Commercial.. 100
Southern B’k of Ala25
Bank Stocks.
10
Commercial Nat... .50
Commonwealth Nat 50
Consolidation Nat..30
Cora Exchange Nat.50
105
72**
British N. America....
105
Commerce
Consolidated
Dominion....
Du Peuple
112*2 113x
73*2 74*4
121
73*2 '75*
105*2 106
75
104
98
100
100
Imperial
100
Jacques Cartier... 100
Quebec
80
ioo*
102*2
41*2
*4*2*
*92
92*4
People’s
100
Philadelphia Nat.. 100
Second Nat
Seventh Nat
Sixth Nat
Southwark Nat
..100
100
100
50
162*2 162*2 Spring Garden... .100
100
100
100
134
50
60
94
92
'
‘
79*2
80*4
"78*2
138
60
75
New Orleans.
Lafayette
.100
22d Ward
50
Third Nat
100
Union Banking Co.100
Union Nat
50
Western Nat....... .50
West Philadelphia.!00
85'
50
Workingmen’s
America
American
City Bank
,
74*2
;i30
Eagle
Enterprise
60
25
200
100
Citizens*
25 100
Commerce
100 118
75
Continental
100
Com Exchange
100 125
.East River
25 *
25
Eleventh Ward
First National
100 290 "
Fourth National... 100
30
*
Fulton
Fifth Avenue
100 225
Gallatin National. .50 112
German American. .75
+82*a
Germania
100
Greenwich
25
+
;
Grocers’
100
Hanover
193
50
Leather Manufts. .100
Manhattan....
50
Manuf. A Merch’ts.20
Marine
100
+
163
155
115
Park
People’s
Phenix
Republic
70
140
♦
25
50
Importers’ & Trad. .50
Irving
100
Fidelity
20
165
125
Washington
20
Western..
25
50
25
50
Lamar
TjPTIOY
80
-Etna Fire
Atlas Insurance..
Connecticut
Hartford
National
54
153
Orient..Phoenix
Steam Boiler
55
154
143*2 144*2
139*2 140*2
104
137
20
116
105
138
.100
.100
100
100
100
100
100
40
London.
■
Commerc’l Union. £50
Guardian
100
22
••••••
80
80
75
308
203
75
45
68
100
73
60
Lorillard
90
100
125
120
87*2 90 •
117
121
125
130
110
115
50
60
90
88
130
125
100
Lancashire F. & L..20
London Ass. Corp..25
Liv. & Lond. & Globe 2
North’n Fire&Life 100
North Brit. & Mer..50
Queen Fire & Life.. 10
Royal Insurance.... 20
215
35
105
218
.
45
106
225
135
107
202
60
222
130
104
198
55
Merchants’ Exch. .100
Pacific..
Citizens’ Mutual...100
Factors’& Trad’s’ Mut.
Mobile Fire Dep’t..25
Mobile Mutual
70
Planters’ & Merch.Mut
Stonewall
Wash’ton Fire & M.. 50
311
130
75
60
210
40
80
3%
22*4
47*2
70
102
75
62
t80
85
86
90
t
♦
:i29
25 l
20
x75
4
4
105*2
65
75
70
80
15
55
70
80
37
50
60
75
34
56
102
52
43
58
103
x76
22
24
46
90
19*4
People’s
104
21
106
78*a
Teutonia
Union
115
INSUR’CE
28
25
A2tna...
..100
American
50
American Exch...lO0
STOCKS.
Maryland Fire
x4%
10
Merchants’ Mutual.50
National Fire
10
10
81
"do" Boylst’n Mut.F&M100
Commonwealth. ..100
Dwelling House... 100
Eliot
100
Faneuil Hall
IOO
Fireman’s
100
Franklin
100
Manufacturers’. ..100
Mass. Mutual
100
Mechanics’ MutnallOO
Mercantile F. & M.100
NeptuneF. & M...100
N.Engl’d Mnt.F&MlOO
235 j North America.... 100
B’k of N. America .100 230
172
Central National.. 100 165
Prescott.
100
87*4 89*4 Revere
100
Caty National
50
Irloe nominal; no late transactions.
95
132
116
125
99
112
130
64
142
65
130
109
84
135
118
80
120
120
69
60
130
95
95
140
105
60
100
Arctic
Atlantic
20
50
Bowery
25
70
95
190
7
Bre wers’&M’lst’rs. 100
26*2 Broadway
25
190
42
7
120
170
70 120
130
Farragut
Firemen’s
..17
Firemen’s Fund.... 10
Firemen’s Trust.... 10
Franklin
100
Gebhard
100
German-American 100
Germania
.50
Globe
50
Greenwich..
...25
..
§ Quotation per share.
no
220
105
175
115
125
195
130‘
50
*6*5*
12*6’
10
80
128
115
95
25
25
80
85
75
100
115
100
25
115
118
240
117
140*
120
125
100
190
135
200*
American Fire... .100 *130
150
Fire Association....50 230
240
Franklin Fire
450
100 *410
34
Delaware Mutual.. .25 *32
Ins. Co. of N. Am’ca 10
29*4 297e
r
Ins. Co. State of Pa 200
Pennsylvania Fire 100 i*45
1*60 "
Guaranty
100
Guardian..
100
15
.50
50
100
Hanover
Hoffman..
Home.......'
t Assessment
100
Granite
100
Merchants’&Mech.lOO
Piedm’t & A. Life. 100
Virginia F. & M
25
Virginia Home.;.. 100
25
Virginia State
89
42*
101
28*a
29*2
St. Louis.
American Central..25
100
100
Jefferson
100
Marine—
*100
Pacific
100
24
100
26
*90
75
85
25
80
15
paid.
California
100
Commercial
100
Firemen’s Fund.. .100
State Investment. 100
Union
100
115
75
110
110
116
MARINE
INS.
SCRIP &c.
New York.
60
55
Atlantic Mutual-
136
1875
i..
210
120
75
iio
55
110
50
60
150
110
“
70
140
130
...
ioo
108
97*2
99
96
97*2
87*2
50
92*3
50
55
Commercial Mutual..
1878
New York Mutual1864
Orient Mutual1861
Pacific Mutual¬
125
260
40
'
1877....
1878
125
105
40
100
40
50
115
'
;
101
100
98*aj 100
155
....
80*4 Hamilton
122
122
70
iio*
100
••••••
40
Exchange
*
110
100 108
100
30 i'15
50 125
Emporium
65
137
17*5*
100
20
Empire City
132
.
City
Eagle
100
133
120
127
100
115
-—
Citizens’
..17
Clinton
100
Columbia
30
Commerce Fire.... 100
Commerci al
50
Continental
100
13
...
40
200
200
180
Brooklyn
5
144
70
133
110
86
ids'
......
55
Amity
Boston.
Alliance....
100
90*2
American F. & M. .100
122
Boston
100
12*6*
110
San Francisco.
Adriatic...
26
40
6
93
155
Safeguard
50
100
110
95
100
160
160
80
90
100
100 150
52
15*6*
iso'
Ridgewood
Rutgers’
28*4
Citizens’
42% Franklin
..
Sun Mutual
Associate Firemen’s.5
50
Phenix (B’klyn) .?..50
Produce ExcliangelOO
Relief
50
100
Republic.'.
27*2
38*2
Merchants* Mutual... x37
80
Mechanics’ & Traders’
New Orleans Ins. Ass’n
26%
42
New Orleans Ins. Co
88
Baltimore Fire Ins. 10
Firemen’s Insur’ce. 18
Howard Fire
5
20
City
Crescent Mutual
Factors’ and Traders’.
Firemen’8
Germania
Hibernia
:
Baltimore.
75
.25
25
100
People’s
New York.
FIRE
50
North River..
Pacific
Park
Peter Cooper
80
143
105
85
150
Philadelphia.^
Lafayette
88
110
110
90
140
175
Richmond.
60
119
National
37*2
New York City
N. Y. Equitable
35
New York Fire.... 100
43*2 Williamsburg City..50
3%
22%
x42*2
New Orleans.
i*22*
*85
30
Metropolitan
Montauk (B’klyn).. 50
Nassau (B’klyn)....50
80
Grangers’ B’k of C.100
59
25
Manuf. <fc Builders’100
Manhattan
100
Mech. & Traders’...25
Mechanics’ (B’klyn) 50
Mercantile
50
Merchants’.. .......50
St. Nicholas
Standard
18*4 18%
Star.
75
77
Sterling
149
151
Stuyvesant
8
73*
Tradesmen’s....
70
68
United States
16*4 16*2
Westchester
41
42
Hope..
Bank of California....
B’k of S. FranoiscolOO
100
OPv
Long Isl’d (B’klyn) !50
120
50
Anglo-Califomia
First Nat. Gold
100
Niagara
San Francisco.
80
90
100
Valley National... 100
40
Ask.
70
105
105
80
30
Lafayette (B’klyn) .50
45
135
40
130
75
135
115
79
85
95
120
115
Hartford. Conn.
100
Fourth National ..100
International
100
Lucas
Mechanics’
100
h'oi” xl29
100
Philadelphia. §
20
Home
Second National.. 100
Seventh Ward
100
110
Shoe & Leather.... 100
80
St. Nicholas
100
State of N. Y. (new) 100 ++•••••• 106
Tenth National... .100
Tradesmen’s
40 :iio "
Union
145
50 :
*
Eureka
J160
Market
Mechanics’
25 J126
Mechanics* B. Ass’
Mechanics* A Tr.. .25
Mercantile
100
75
Merchants’
50 110
Merchants* Exch’geSO
Nassau....
100
100
New York
N. Y. Nat. Exch’gelOO
New York County. 100
Ninth National... .100
North America.... 70
Exchange
Merchants’ Nat... 100
St. Louis National.100
Third National... .100
Ji50
Importers’ & Tr...
B’k of Commerce. .100
Commercial
100
100
Continental
Merchants’, Old.....
...
Oriental
Pacific
100
..20
Firemen’s
20
Germania
20
Globe
20
Merchanfcs’& Manuf 20
Miami Valley
50
National
100
Union
20
St. Louis.
136
85
Butcherstfc Drovers25
x98
Central National.. 100
Chatham
98
25
Chemical
100 *1500
North River
25
100
First Nat
Merchants’ Nat...100
Nat. Bk of VirginialOO
12*2 Planters* Nat
100
State Bank of Va.100
Brew’rs’<ft Groc’rs’100
Metropolitan
25
20
25
Imperial Fire
Exch’gelOO 103*8 1035g
Irving
Hope
Howard
Knickerbocker
Cincinnati!
Citizens*
Commercial
100
128
85
115
Bid.
Kings Co. (B’klyn) .20
Amazon(new Btock) 20
Richmond, Va.
Bank.& Br’kers A. 100
City
69
127
100
150
Mobile.
100
Broadway
68
125
95
145
Insurance Stocks.
Jefferson
'98*
25
New York.
Cumberland Nat.. .40
Canal Nat
100
Casco Nat
100
FirstNat
.100
Merchants’ Nat
75
National Traders’. 100
65
100
100
100
Louisiana Nat..
100
Mechanics’ & Trad..20
Mutual Nat
100
New Orleans Nat.. 100
People’s
50
Southern
50
8tate Nat
100
Union
100
..
100
Cincinnati.
Portland, Me.
Canal & Banking.
Citizens*..
Germania Nat
Hibernia Nat
Ask.
Shoe & L. F. &M..100
Suffolk Mutual... .100
W ashington
100
50*2
Bid.
100
100
100
50
200
50
40
100
77*2
Standard
Toronto
Union
Ville Marie
Insurance Stocks.
78118756.>
50
Eastern Townships 50
Exchange
100
Maritime
Merchants*
Molsons
Montreal
Nation ale
Ontario
.
First Nat
100
Farmers’&Mcch.N.lOO
Girard National.... .40
Montreal.
Federal
Hamilton
Ask.
Page of Quotations.
Shawm ut
*150
155
118
57
Kensington Nat
50 *53
24
Manufacturers’ Nat.25
91
Mechanics’ Nat....100
Nat. B’k Commerce.50
*94'
Nat.B’k Germant’n.50
Nat.B’kN. Liberties 50 *124
Nat. B’k Republic. .100 *80
National Security. 100
Penn National
50
Eighth Nat
18
50
100
50
Bid.
Ask.
Mobile.
[You XXVI.
......
♦
Last
ises...1.
1876 ...*
Union' Mutual—
1864
1876
Great Western stock..
Mercantile stock....
Sun stock....
.
price this month preceding
60
27th. ■>-
June 29,
THE CHRONICLE.
1878. j
653
on an application to have the recent election of direc¬
aside ha* been decided. Judge Donohue says that he
Company,
Itttrjestmjents
tors set
has
no jurisdiction in the case,
prosecute his action in Kansas.
AND
and that the plaintiff should
STATE, CITY AND CORPORATION FINANCES*
Mobile & Ohio.—This road is noticed for sale at Mobile, Ala.,
August 19, under the decree ot foreclosure of the first mort¬
The Investors' Supplement is published on tbe last Saturday gage granted by the United States Circuit Court. The sale will
of each month, and furnished to all regular subscribers of the include the main line, 472 miles, and 46 miles of branches, with
Chronicle. No single copies of the Supplement are sold at the all the equipment and appurtenances; the lease of the Aberdeen
office, as only a sufficient number is printed to supply regular Branch, 9 miles; about 1,0889LI acres of donated lands, and
subscribers. One number of the Supplement, however, is bound the franchises. The sale will be made subject to the alleged
up with The Financial Review (Annual), and can be purchased prior lien on the property in Tennessee, as reserved in the de¬
in that shape.
,
cree; also to a small prior mortgage on the Gainesville Branch.
Montclair & Greenwood Lake.—The plan submitted by the
GENERAL INVESTMENT NEWS.
committee provides for the sale of the property and the organi¬
zation of a new company—the Albany Air Line—which is to
Chicago Rock Island & Pacific.—This company has trans¬ extend the road from Cooper, N. J., its present terminus, to Mont¬
ferred to its treasurer, in trust for its stockholders, about gomery, N. Y. From that point the Wallkill Valley Road is to
$5,000,000 of the capital stock of ' the Iowa Southern & be used to Kingston, 102 miles from Jersey City, and an exten¬
Missouri Northern Railroad Company.
A lease has been sion of 50 miles bnilt up the west side of the Hudson to Albany.
entered into by these companies whereby the Rock Island The new company is to issue $1,500,000 stock to replace its pres¬
undertakes to pay as rental for the Iowa Southern & Missouri ent obligations, and $2,000,000 bonds for the purpose of building
Northern line a dividend on its capital stock of 8 per cent per the extensions.
annum, when its surplus earnings, exceeding the legitimate and
New York Elfvated Railway.—This Company proposes to
proper expenditures in the operation of all lines controlled by the issue for constructing and equipping its road 35,000 shares of
Rock Island Company, are sufficient.
Surplus earnings for the stock and 5,000 bonds, in addition to ilie 15,000 shares of stock
last fiscal year have been set apart for a dividend on the Iowa and
2,000 bonds already on the market. The additional stock is
Southern stock for the current year, to be paid quarterly with to be similar to the
latter, viz., shares of $100 each, in scrip,
the dividends on the Rock Island, and the following official from 1 to 50
shares, and of 100 end the multiples thereof, regis¬
announcement was made to the stockholders of the Rock Island tered^* the Corn
Exchange Bank. The additional bonds are to
Company to day:
be for $1,000 each, dated January 1, 1876; principal due January
Treasurer's Office,
)
1, 1,906 ; interest 7 per cent, payable semi annually, January 1
Chicago Rock Island & Pacific Railroad Compart, >
and J uly 1 each year.
No. 13 Will am Street, New York.
They are numbered from 2,001 lo 7,000.
)
A quarterly dividend of 2 per cent upon the c .pital stock of this company
This will make thercapitai stock of the road $5,000,000 and. the
has been declared, payable August 1,18T8, at this office. In addition to th s a
bonded debt $7,000,000. Of the first issue but 10,680 shares of
dividend of 2 per cent has been declared on the capital stock of the Iowa
stock and 1,796 bonds have been disposed of.
Southern & Missouri Northern Railroad Company, he d by the t>easier in
The Governing
trust for the stockholders of this company. Yonr proportion of this dividend
Committee of the Stock Exchange have agreed to place the new
will be equal to 25 per cent of the amount of your dividend on the stock of the
Btock and bonds on the regular list after July 6.
Chicago nock Island & Pacific Riilroad Company held by you, or fifty cents
per share.
A line dividend will be paid on the stock of the
Northern Raiircai Company on the first days of
ruary
and May, 1879.
In a word, this means
cent dividends per year.
that Rock
Iowa Southern & Missouri
November, 1818, and Feb¬
Francis H. Tows, treasurer.
Island proposes to pay 10 per
Coal Combination*—The usual monthly meeting of the board
of control was held in this city on Monday Jane 24, and was
harmonious throughout. The quotas were fixed at the following
figures for the month of July—1,500,000 tons—a decrease of
263,497 tons as against last year.
Companies.
„
Philadelphia & Reading Railroad
Lehigh valley Railroad
Central Railroad of New Jersey...
Delaware Lackawanna A Western Railroad
Delaware & Hudson Canal Company
1878.
1877.
4 29,3 >5
515,545
2 6,250
193,575
336.719
207.819
191.250
217,325
224,662
187,200
114.35
87,975
Pennsylvania Railroad
Pennsylvania Coal Company
Lake and Canal Freight
per bushel for corn and If
1S2 570
104.857
Rates*—For the past week 14 cents
for wheat from Chicago to Buffalo,
and 3£ cents for corn and 4f lor wheat from Buffalo to New York
have been tbe quotations at Chicago, making the cost with ele¬
vator charge at Buffalo, of moving a bushel of corn from
Chicago to New York about 6$ cents.
Lonisville & Nashville.-Earnings and expenses were as
follows in May and for the eleven months ending May 31:
Gross earnings
Expenses
Net earnings
Per cent of expenses
As
May.
$193,0:0
..
Eleven
Month4.
257 607
$5,111,050
3,020,262
$135,392
$2,090,767
65 55
59*09
Pacific Mail—Panama*—The matters between these corpora¬
tions
said
have been
adjusted. It is understood that the
maturing indebtedness of the Pacific Mail to J uly 1 was acknowl¬
edged to he $260,000, in settlement of which the Panama Rail
road is to receive $100,000 in cash and $160,000 in notes of thirty,
sixty and ninety days. The notes are given by three members
of the Pacific Mail directory.
After July 1, the amounts due to
the railroad company by the steamship company are to be met as
they accrue monthly. These payments do not include the indebt¬
edness of- $480,000, for which the railroad company holds the
steamship company's notes. These notes have been extended for
three years lrom J one 1.
This settlement also leaves the Pacific
Mail a debtor to the Panama Railroad Company for $1,700,000, to
secure which the latter holds a hill of sale of all the vessels,
docks and other property 0: the Pacific Mail Company.
Pacific Railroads*—Among the last acts of Congress was the
passage of the law creating a B aard of Railroad Commissioners,
charged with the duty of investigating the cost and present
condition of each of the roads named in the acts of 1862 and 1864,
extending aid to the Union Pacific and other roads. They are
also to examine and report upon the relations of the several roads
to each other in regard to operating, and to ascertain all facts
necessary to show Congress what further legislation is needed to
secure the rights of the several companies and those of the public
and the Government. There was also passed the bill reported by
Senator Tnnrman, establishing the same rale for the Kansas
Pacific Road as was covered by the Sinking Fund Bill relating
to the Union and Central Pacific, tbe only difference being that
the annual payment by the Kansas Pacific Company is fixed at
$300,000.
An Auditor of Railroad Accounts has also been appointed, Mr.
Theophilus French, as the head of a new bureau in the Interior
Department. It is his dnty, under the direction of the Sec¬
retary of the Interior, to prescribe a system of reports to
be rendered by subsidized and land-grant railroads whoso
roads are% in whole or in part west, north or south of < the
Missouri River; to examine the books and accounts of said
railroads once a year and at such other times as may be
deemed necessary to verify their reports ; to assist the Govern,
ment directors in all makers that come under their cogniz¬
ance when requested to do so; to see that the laws relating to
said railroad companies are enforced ; to famish such informa¬
tion to the several departments of the Government in regard to
tariffs for freight and passengers as may hs required or deemed
expedient, and to render a report to the Secretary of the Interior ■
on the accounts, affairs, condition, &c., of said railroads for each
are
to
compared with the previous year, there is for May an
increase of $8,058 in gross, and of $16,141 in net earnings; for
the eleven months an increase of $309,308 and of $258,089 in net
earnings.
Maryland & Delaware Railroad.—The Delaware portion of
this Railroad has been sold for $19,000 to the trustees of the par.
chasing bondholders of December, 1877, under a decree of the
Coart in a su‘t brought by Messrs. Gardner and Wing, repre¬
senting the creditors of the company.
Michigan Central*—The annnal election of the Michigan Cen¬
tral Railroad took place in Detroit, Jane 24, and resulted in the
triumph of the Vanderbilt interest. The Vanderbilt interest was
represented by about $10,000,000 in stock, or 100,090 shares, out
of a total of 187,500 shares. The great majority of this was in
the name of Mr. Vanderbilt or his sons, about 20,000 of these
shares only being voted by proxies. Shares to the nnmber of iscal year.
about 55,000 were voted, by 838 shareho ders, for the old board of
Petersburg*—The receiver reports that the net earnings of
directors. The final declaration of the result was that 99,665 this road for the year ending April 30 ware $37,145.
votes had been cast for the Vanderbilt board, to 57,125 for the old
Philadelphia & Reading.—This company's report for May and
board. The names of the new directors are as follows: William
the six months of its fiscal 3 ear ending May 31 is as follows:
H.;V&nderbilt, Augustas Schell, Cornelius Vanderbilt. Samuel F.
Six months
MayBarger, William K. Vanderbilt, Anson Stager, William L. Scott, Gross receipts:
18:8.
187i.
1878.
1577.
Edwin D. Worcester, all from New York, and the East, and Ash¬ Railroad traffic
$5,351,666
$1,101,297
$1, (51,795
$4,963,695
traffic.
201,391
124,997
157,643
290,741
ley Pond, of Detroit. The new board of directors elected Canal
275,680
852,447
61,291
65,f9i
the following gentlemen as officers: President, William H. Steam colliers
Richmond barges
35,COO
44,544
8,2a0
17,294
Vanderbilt; Treasurer, Cornelius Vanderbilt; Secretary, E. D.
Total railroad company.$1,280,(15
Worcester ; Executive Committee, W. H. Vanderbilt, Augustus
$5,475,772
$1,387,328
$6,010,288
Coal & Iron Company......
2,911,692
683.695
1,« 51,409
3,772,628
Schell, Cornelius Vandeibilt, Samuel F. Barger.
; f Missouri Kansas & Texas.—The salt
Total...
$8,437,461
$1,969,710
$2,4387>7
$9,81*916
recently commenced in
wie
The earnings of the railroad company show a decrease of $1Q1^»
newspapers of this city, and afterwards in the Supreme Court,
$?ȣ*** Parsons, against the Missouri Kansas & Texas Railway 313 for the month, and $564,516 for the six months.
,
.
>
654
THE CHRONICLE.
JVol. XXVI.
,
Fort Royal.—At an adjourned meeting of bondholders the much better for the whole country.
Rival roads seek to secure
majority report of the committee was adopted, which provided in more than their share of the business;; violent- competitions en¬
and equally violent fluctuations in rates, and this disturbs all commercial
substance for the issue of $750,000 of stock to be distributed pro sue,
calculations and values. What the people want is certainty and moderate
rata among the bondholders of the old company; the
issuing of prices for freight. The object of all pooling arrangements is to bring about
$1,750,000 of new 8 per cent bonds, payable 20 years from date; this result. If it is accomplished, then the carrier and the shipper are equally
benefitted. The pool provides that all competitive business shall be propor¬
of these, $250,000 to be a first lien on all the
property and fran¬ tionately divided, each competitor receiving
what has been agreed upon as a
chises of the corporation, to be offered to the bondholders of the fair phare. Ife differs from the
railway combinations which in former years.
old company for 30 days, and then to be offered in the open excited distrust, and the conditions which made them formidable no longer
Certainly all agree that the time hat come to stop by some process the
market; the proceeds to be applied, first, to the payment of the exist.
shameful waste of
railway property which has been going ou for two years
foreclosure expenses and of any claims or debts that the court
past. These enterprises have enabled this country to become the greatest
may decree to be liens on the property of the road prior to the producer in the woild, and if they are crippled, producer and consumer are
mortgage; the remainder, or as much as may be necessary, to be noth losers. Lower rates have prevailed for the carriage of the great staples
than any legislature would venture to provide. This condition of affairs, if
used in supplying additional rolling stock and outfit for the new
continued, must end disastrously to all railway investments. Superior natural
corporation; the balance $1,500,000, to be distributed pro rata advantages, better management, and a greater volume of business will neces¬
sarily keep some solvent much longer than others, but every bankrupt line
among the bondholders of the old corporation in exchange for
the bonds they now hold ; the interest on these to be payable out ’end* to drag others down. Snch a road pays nothing to stockholders or
bondholders; it has no responsibility to owners, patrons or the public; it
of the earniDgs of the company, and in case the
earnings in any does business comparatively for nothing; its property deteriorates and the
year should be insufficient to provide for the payment of the country through which it runs wifi, in the end, experience the disastrous
effects of its care essness and irresponsibility. If all the great trunklines
coupons in full, such unpaid portion to remain a charge upon the were
brought to that cordition. not only would immense properties be
company; all the coupons to be payable in their order out of the destroyed, out credit and trade be so paralyzed that every interest and the
earnings of the company ; the holders to have the right to fore¬ whole country would be irreparably injured. Tae pool tries to avoid this...
close only in case ot default in payment of the principal. The The only danger that can be urged against the pool is that it may establish
exorbitant pi ices; but this is impossible. The public hive become used to
following committee was appointed to complete the organization very low charges,
and it will submit to no other. The best skill, the most
of the new company and carry out the details: D. F. Appleton, prudent management, the utmost good faith cannot provide for more
Ludwig Marks, and H. H. Boody. The following Board of than barely living prices. The whole efiort of the pool cannot raise
Directors was chosen to act during the first year: D. F. Appleton, or keep the rate of transportation to a figure so high but that the
most rigid economy and the ablest management will be required to enable the
New York ; D. C. Wilson, Port Royal; H. H, Boody, New York;
companies to live. The railroads now existing, if crowded to their fullest
H. A. Robbins, New York ; C. L. Rubsamin, New York; A. capacity, could do four times the business of the country. Of course, there
a few enterprising merchants and shippers always seeking to do better
Marcus, New York; Walter Luttgeu. New York ; F. R. Appleton, are
than their
New York; and R. H. Tuayer, New York. The new corporation roads were neighbors, who might r<-ap some temporary benefits while the
destroying each other; but the true interests of all demand that
is to be known as the Port Royal & Augusta Railway Company.
the rates shall be fixed and permanent, and that all easterners should be
treated alike. If there were only two rates during the year—a summer and
Routes to Chicago and Mr. Yanderbilt’s Plans.—Since Mr. winter one—and all ahipoers kuew jnst what to expect, and were uniformly
W. H. Vanderbilt has come into control of the Michigan Central dealt with, it would add immeasurably to the prosperity and stability of our
commerce. All combinations heretofore
7781
there has been considerable interest shown in the condition and
prospects of the Chicago & Lake Huron road for some time past
in the hands of a receiver. The following is a dispatch to the
New York Times from Detroit, June 27:
“Mr. Vanderbilt to-day made a new move on the railroad chess-board in
this region. The Grand Trank has lately possessed through connections with
Chicago via what is known as the Chicago & Lake H .ron Road, compo** d of
several short lines, and running from Port Huron westward
through Flint,
Lansing ard Battle Creek ” * * “ To-day, one of these short Hues, known as
the Chicago Not thcastern, running from Flint to Lansing, was taken posses¬
sion of by its immed.ate owners, undoubtedly acting in the Vanderbilt inter¬
est, and through traffic is entirely stopped. Michigan Central locomotives
androlliDg stoc were sent up from Jackson for its use, and one of the loco¬
motives was used at Flint to block up the track. These tactics have
completely shut the Grand Trunk out of Chicago by that line, and its mana¬
gers declare their intention to operate their owu line and transfer passengers
and freight at its terminus.”
If Mr. Vanderbilt
seems to
small
as there
there will only remain one
piece of road north of the Pennsylvania Company’s Chicago
lines which he does
waukee
having its
by the local agents in their anxiety to secure business and
favor friends. Under the equitable distribution of tonnage this become!
very difficult, and a greater sense of fairness and secuiity prevails. Whether
one or more lines could eurvive the bankruptcy of ad the others, and which
could live the longest doing business for nothing, are not the questions; nor,
except as a matter of speculation, is it pertinent how much under equal con¬
ditions the line which has the best advantages and superior management may
make more than its less fortunate or badiy-conducted rivals. The broad view
is what is be-t for the roads and every interest dependent upon them and
upon which they depend. I believe that of all the plans yet suggested or
tried, the division of tonnage under the present system produces most satis¬
faction and the most beneficial results. If any other scheme will work better,
then I am in favor of that. High rates in the future are utterly impossible.
The people are eafe from extortionHte charges.
Stability of prices, fair
rates for transportation, equitable dealings with shippers and general prospt rity can onlv be had through some form of understanding embraced In
what is genera
keeps the control of this route,
be little doubt that he cau,
control.
This road is the Detroit & Mil¬
western terminus at Grand Haven, on L,ahe
not
made, based upon different principles,
have been violated
ly styled a pool. Respectfully yours,
Railroads
The
of
the United
^ ^
VANDERBILT.
States.—From
advance
sheers of the inroluctiou to Poor’js Manual of the Railroads of
the United States, we have the following ;
The present volume of the Manual is the eleventh annual
number.
For the first time are the railroads of each State
'
Michigan, and is operated by the Great Western of Canada, with grouped together, the statements for the railroads of each being
a transfer of cars across the Lake to Milwaukee.
This road is preceded by tables, giving the names of the roads with the
about to be sold in foreclosure, and if Mr. Vanderbilt wants it he
mileage within each State, as well as the total mileage of each
can probably purchase it for very little cash.
road. Mr. Poor remarks :
The depression of the three previous years still continues.
St. Louis Alton & Terre Haute.—The following is the clause
in the lease of this company's road which limits the liabilities of Not only has there been a considerable decline in the construction
the guarantors on their guaranty of the lessee :
“
Prc tided, Nevertheless, that all the obligations of the parties
of the first, second and third parts hereto, created or intended to
be created hereby, shall be several and not joint, and as to each
of them for the equal third part of any and all damages
which may arise from any default of the said Indiau&polis & St.
Louis Railroad Company, its successors or assigns, in the premises,
or
for any
breach of this agreement by the said parties ot’ the
or third parts.”
first, second
of railroads, but the earnings also show a larger relative decrease
than at any period since the first publication of the Manual. The
number of miles ot railroad opened during the year 1877 was
for 2,177, against 2,657 for 1876, 1,758 for 1875 and 3,305 for
1874.
,
The largest number of
miles built has been in New
York and Pennsylvania, aad in narrow-gauge lines in Ohio, Iowa
and Tex<s.
No new lines of any considerable magnitude have
been undertaken. The tables which follow will show in what
sections there has been any considerable increase.
The gross
earnings of all the roads whose operations have been reported
Southern, of Long Island.—The plan of the bondholders’ have equaled $472,909,272, against $497,257,959 for 1876, and
committee proposes that the road be foreclosed under the second
$503,065,505 for 1875. The general result of the operations of
and third mortgages and purchased by the bondholders, leaving our railroads for the last seven years is shown in the following
the first mortgage for $750,000 undisturbed.
A new company is statement:
to be organized called the Mon (.auk Railroad Company, and is
to STATEMENT SHOWING MILES OF RAILROAD. CAPITAL ACCOUNT, EARNINGS, BTC.,
*
issue $900,000 stock and make a new second mortgage for
$1,100,000, giving the present second-mortgage bondholders 60
per cent of their holdings in bonds And 40 per cent in stock, and
to the third-mortgage bondholders 40 per cent in new bonds and
80 per cent in stock. Provision is made for the increase of the
stock to $2,000,000 for the purpose of extending and improving
the road. The plan also provides for a new lease of the road to
the Long Island, with a guarantee of the bonds, the rental for
the first ten years to be 25 per cent ot the earnings, the
percentage
paid to be r» adjusted at the end of each ten years of the lease.
The plan was submitted to a meeting held June 25, and adopted
after some discussion. The committee was instructed to
carry
it out, and to take steps to remove the trustees if
they declined to
act.
The Railroad Pool—Letter of W. H. Vanderbilt.—Mr. Van¬
now in Chicago, has given expression to his views on
pooling in the following statement for publication:
derbilt,
Grand Pa cine Hotel,, Chicago, June 85, 1578.
In my interview with you this day vou ask me to express my views
upon
Moling combinations, and whether, injur judgment, public policy and the
MStiniere-ts of trade can
justify them. Upon this subject there is naturally
great diversity of opinion; but if the whole question was thoroughly exam■mined and understood, I believe there .vou’a be substantial unanimity. The
great commercial, financial, agricultural and industrial interests of the
country are all injured by snch competition as has heretofore prevailed, with
its attendant uncertainties, fluctuations and bankruptcies, ana, on the other
hand, tbey would be all benefitted by such a check as would secure fair
profits. From a railroad standpoint, I am fully convinced that if reaeonable and living rates of transportation could be maintained, and
Investors in railroad properties receive a fair
return, it would be
FOR SEVEN TEALS.
Mi
Year.
1876
1875
1874
1878
1872
.
...
1371....
Capital and
/
Earnings
Operated. Funded Debt.
Gross.
Net. ’
74,112
$4,568,597,248 $472,901,272 $170,976,697
76,5 8
4,468,591,915
497,257,959
156,452,752
71,759
4,415,631,630
503,065.505
185,506,438
69,273
4,221,763,594
520,466,016
189,570,9 8
66,837
8,784.543,C34
526,419,935
1*3,810.562
57,823
3,159,423,057
463,249,055
165,754,873
44,614
2,664,527,645
403,829,208
141,746,404
es
„
Dividends
Paid, i
$58,556,312
68,039,668
74,294 208
67,042,941
67,120,709
&«y9
seen by the above that the gross earnings have fallen
$24,348,637 and the net earnings $15,476,055, as compared
It will be
off
with 1876.
Union Pacific*—The official announcement from Boston ia
the next quarterly
made that the company has decided to pass
dividend. The following is the statement in
full:
“Boston, Jane21, 1878.
To the Stockholders of the Union Pacific Railroad Company :
“The large sums due to this Company from the United b tales Government
for transportation service^ amounting to $3,000, 00, for nearly half of which
judgment has been recovered, and in the opinion of our counsel judgment or
the residue will soon be obtained, and withhold by the Government on the
ground of its unsettled claim of 5 per cent of th j net earnings of the Com^
pany. The principles on wuich such claims rest, as well as the amount
'hereof, are in litigation, and cannot be determined until the fiLal judgment
of the oupreme Court of ihe United States has been obtained, which decision,
it is hoped, can be speedily had. The recent legislation c-f Congress has albo
led to some perplexing questions as to tbe policy and legal rights of the Com¬
pany. In this attitude of ufiairs, that the action the company may be c*0”®]**
and conservative, it ia deemed wise by the Executive Comm.ttee that the
usual quarterly dividend of July 1st be pa^ed.
*
■
,
“Elisha Atkins, Vice-President”
“
..
„
THE 4MR0N1OLE.
ismUk im]
COTTON.
Friday, P. M., June 28, 1878.
(JO ML MEHC1AL
EPITOME.
Friday
Night. Jane 28, 1878.
Summer stagnation has come upon business circles.
There is
more anxiety to
escape from the heat of the city and secure a
period of recreation than to promote trade. All that can con¬
veniently be omitted is therefore left undone. The weather has
become very hot, and its suddenness has added to the
discomfort
it causes. It is, however, very beneficial to the crops
through¬
out the country—in fact,
precisely what was needed to prevent
disaster to them. Yet prices of farm
products are so low that it
is claimed they leave but small returns to the
farmer.
This
fact, however, though unfavorable to the producer, is Javorable
to the consumer.
Besides, it should be remembered that the
economies in production are very decided this
year, and that low
prices do not necessarily mean no profits.
The market for pork has been variable in
tone, but closes
about as last Friday, tbe principal feature of to-day’s transactions
being 4,500 bbl. for September at $10 35@10 40. Lard was buoy¬
ant early in the week, but has latterly been
droopiog,and closes at
a alight decline,
prime Western selling to-day at $7 20, spot and
The Movement of the
Crop, as indicated by our telegrams
from the South to-night, is
given below. For the week ending
this evening (June 28), the total
receipts have reached 6,879
hales, against 10,721 bales last week, 11,231 bales the
previous
week, and 12,380 bales three weeks since, makW the
total
receipts since the 1st of September, 1877, 4,237,815 bales,
against
3,93b,656 bales for the same period of 1876—7,
showing an increase
since Sept. 1, 1877, of 298,659 bales. The
details of the receipts
for this week (as per
telegraph) and for the corresponding weeks
of five previous years are as follows:
Receipts this w*k at
1878..
New Orleans
Mobile..........
Galveston
July, $7 25 for August and $7 80 for September. Bacon is more Florida.
firmly held ; Western short clear sold to-day at $6 15 per 100 North Carolina
lbs., and half-and-half held at 6c. Cat meats have again advanced,
Norfolk
with sales of pickled bams at 10c. and upward, but the dose is
quiet. Swine have been scarce and advanced |c. per lb., bat City Point, Ac
dosed dull. Beef
is dull and
nominal. Tallow has ruled dull
but pretty firm at 7c., and choice sold at
7£c. Stearlne sold at 8ic.
for choice city ; prime Western
quoted at 8c. Butter in large
supply and slightly lower. Cheese ruled firm for choice quality
and color for the London market, but other
grades were weak.
The following is a comparative
summary of aggregate exports
from November 1 to June 15, inclusive:
1877-78.
Pork. lbs.
Bacon and cat meats, lbs.
I^rd, lbs.............
1876-77.
Increase.
45,861,200
437,965,905
243,853,2.9
4f,6W3,800
836,428.308
158,536,011
8,167,400
104,*68,^02
782,200,854
634,658,114
197,547,840
Kentucky tobacco has
3,194
616
179
302
27
...
1874.
862
341
2,257
423
753
93
143
78
1,043
1,352
1,303
1,456
493
879
362
800
1,192
383
12
4
....
2
29
1,100
2,123
888
2,063
1,054
•
3
....
.
•
435
*
•
•
•
•
•
Ill
7
128
262
101
67
492
787
753
1,251
521
271
38
1,671
29
33
497
6,879
6,519
8,559
6,108
8,457
Total since Sept. 1. 4,237,315 3,938,656
4,056,109
3,457,934 3,761,017
The exports for the week ending this
evening reach a total of
15,519 bides, of which 11,513 were to Great Britain, 167 to
Fiance, and 3,839 to rest of the Continent, while the stocks as
made up this evening are now 173,737 bales.
Below are the
stocks and exports for the week, and also for the
corresponding
week of last
season:
8'^,817.238
EXPORTED TO—
Week
Total, lbs.,
888
391
29
Total this week
1875.
451
-
Indianola, Ac
Tennessee, Ac
1876.
1,500
Charleston......
Port Royal, Ao
Savannah
1877.
ending
Great
June 28. Britain.
Conti¬
France.
Total
this
Week.
STOCK.
Same
Week
1877.
*
■
1878.
1877.
demand; the sales of
1,100 hhds., of which 1,000 for export and 100 for N. Orl'ns
677
3,704
4,381
4,609 33,248 64,051
home consumption. Prices are well
supported at 2£@4}c. for Inga Mobile..
2,746
2.746
2,025
1,892
8,438
and 5}@13c. for leaf, as in quality. Spanish tobacco iu fair
Charl’t’n
r.
520
4,413
request, with sales of 500 bales Havana at 80c. @$1 10. Seed 8 a van’ll.
1,852
leaf continues active, with sales for the week of 2,724 cases, as fol2,429
Galv’t’nIowb : 2,200 cases, 1877
3,799 12,553
crop, Pennsylvania, 9 to 17c.; 101 cases, N. York.
167
3,553
2,967
6,687
1876 crop, Pennsylvania, 7±c.; 150 cases, 1876
8,128 114,624 125,562
crop, New Eng- Norfolk1,802
and, 10 to 20c.; 222 cases, 1875 crop, New England, 274c.; and
5,46$
Other*..
195
1,510
796 16,000 34,000
1,705
51 cases, 1877 crop, Ohio, 74c.
The business in Brazil coffees has been
quite moderate, and, Tot. this
'•r
owing to increased arrivals and heavier stocks, prices are some¬
week..
167
11,513
3,839
15,519
15,558 173,737 256,914
what lower and easy; fair to prime cargoes, 154@16}c.,
gold; Tot.since
stock here in first hands of 113,042
bags; mild grades are about
Sept. 1. 2104,869 493,216 676,381 3274,466 2960,749
steady, though quiet, the sales including 5,066 bags Maracaibo, in
lots for consumption, and 4,118 bags St.
e export* this week under the head of “ other
The
port*” include, from Balti¬
Domingo in transit to
852 bale* to Liverpool? and 195 bale* to Continent; from Boston. 1,158
Europe. Domestic rice has a good, steady jobbing trade at firm more,
bale* to Liverpool.
prices. Foreign molasses is still dull, and closes weak at 34@
In addition to above exports, our telegrams
to-night also giyo
344c. for Cuba refining, 50 test; New Orleans steady at 25@47c., us the
following amounts of cotton on shipboard, not cleared, at
the latter figure for choice. Refined
sugars have latterly be?n the ports named.
We add also similar figures for New York,
more active and firm ; standard crashed
quoted at 9fc. Raw which are prepared for our special use by Messrs.
Carey, Yale &
grades also have been in better sale and more steady; fair to good
Lambert, 60 Beaver street:
refining Cuba quoted at 7 3-16@7f c.
die week
met with
a
brisk
nent.
are
«
•
...
•
•
•
•
...
....
.....
....
....
....
....
....
....
....
....
•.
....
....
....
....
‘
....
....
....
•
•
•
•
....
Slock Jane 1, 1878
Receipts since Jnne 1, 1878.
Sties since Jane 1,1878
Stock Jane 26,1878
Stock Jnne 27, 1877
-
•
•
•
•
•
Hhds.
Boxes.
51,189
12,032
2,889
2,265
59.927
59.937
42,212
63,854
12,106
108,367
108,867
19,1C 9
The market for naval stores has shown some
to say weakness, owing
mainly
mon to good strained rosins
Bags.
116,090
225,411
205,257
136,744
228,129
861
1,495
irregularity, not
to the continued duluess;
■
gold.
June 28, at—
Liver¬
2,258
2,336
com¬
quoted at $1 45@1 50; spirits tur¬
pentine closes at 29(3'29|c. Petroleum has declined, with little or
nothing done nntil last evening and to-day, when exporters sup¬
plied tbe immediate wants; crude, iu bulk, 6£c.; refined, in
bbls., 11c. Ingot copper was qniet and unchanged at 16£@164c.
for Lake. Whiskey dull at $1 084.
The business in ocean freight-room has been
quite liberal,
though latterly rates have shown some weakness, the demands
falling off somewhat. Late engagements and charters include:
Wheat to Liverpool, by steam, 7fd. per bushel; bacon,
30@35s.
per ton; cheese, 45s. per ton ; flour, 2s. 6d. per bbl.; beef, 6s. per
tierce; pork, 5s. per bbl.; cotton, by sail, 8-16c. per lb.; grain to
London, j>y steam, 8d., 60 lbs.; hops, f@|d.; flour, by sail, 2s. 6d.;
grain to Glasgow, by steam, 8d. per 56 lbs.; flour,3s.@3s. 3d.; do.
to Havre, by steam, 10d.; do. to
Antwerp, by sail, 84d.; oats, 12c.,
; gold, per bush.; grain to Rotterdam, by steam, 10d.; do.
by steam
to Hamburg, 1*50 marks ; do. to Cork
for orders, 6s. 3d. per qr.;
V do. to East Coast of Ireland, 5s.
74d.; do. to Continent, 6s. 3d.: do.
to Bordeaux, 6s. 3d.; do. to direct French
port, 5s. 9d.@6s.; do. to
Dutch ports, 6s. 3d.; refined petroleum to the
Baltic, 5s. 3d.@
5s. 6d. per bbl.; do. to Antwerp, 4s.; do, to Bremen, 3s.
9d.; do. to
direct United Kingdom, 4s. 6d.@4s. 74d.; do. to Bilboa, 6s.; do. in
cases to Odessa, 334c.,
gold.; naphtha to London, 4s. 3d.; do. to
v French ports, 4s. 6d.
To-day, rates were about steady, with a fair
;;; business; grain to Liverpool, by steam, 7fd.; cotton, £d.j grain
| to London, by steam, 8d.; do. by sail, 7|d.; flour, 2s. 3d.; grain to
| Cork for orders, 6s. per qr.; do, to East Coast of Ireland, 5s. 104d.;
do* to Rotterdam, 6s.; refined
petroleum to .Bremen, 4s.; do. to
* fbo
Baltic, 5s. 3d.@5s. 6d.; do. to direct United Kingdom, 4s. 6d.;
£«o. to Newcastle, 4s. 104d.; do. in cases to Odessa, 334@35c.,
;
,
On
Melado.
938
Shipboard, not cleared—for
France.
pool.
Foreign
Other
Coast¬
wise.
Leaving
Total.
New Orleans
8,000
800
None.
None.
8,800
Mobile
None.
None.
None.
None.
None.
Stock.
24,500
2,746
Savannah..
None.
None.
None.
400
400
1,452
Galveston
None.
None.
None.
None.
None.
3,799
New York
515
1,950
430
None.
*5,617
109,007
8,515
2,750
430
400
14,817
141,504
Total
*
Included in this amount there
are
2,722 bales at Presses for foreign
ports, the destination of whioh we cannot learn.
From the foregoing statement it will be seen that,
compared
with the corresponding week of last season, there is a decrease
in the exports this week of 39 bales, while the stocks
to-night
83,177 bales less than they were at this time a year ago. The
our usual table showing the movement of cotton at
all the ports from Sept. 1 to June 21, the latest mail dates:
are
following is
Ports.
RECEIPTS SINCE
SEPT. 1.
■
1877.
1876.
N.Orlns 1363,664 1173,773
Mobile. 410,861 356,275
Char’n*
EXPORTED SINCE SEPT.
Great
Britain.
France.
103,635
131,935
457,153 467,666
592,104 472,471 176,247
Galv.*. 443,124 499,374 186,172
N. York 142,610 120,520 314,472
Florida
20,373
14,228
N. Car. 142,414 128,126
35,007
Norfk* 504,613 548,568 156,687
Other.. 159,665 144,991 190,530
26,146
31,566
Lastyr.
-
m
m
m
m
mmm
TO—
Stock.
Total.
1,780
1,075
19,890
38,914
161,347
5,092
70,355 103,584 305,874
781
36,351 138,748 351,346
2,743
26,971 11,291 224,434
3,937
5,750 43,441 363,663 124,213
......
~
Foreign
1
798,671 324,621 302,140 1425,432
Sav’h..
Thisyr. 4230,436
Other
......
......
2,929
18,953
......
......
289
56,677
160,691
2,800
209,483 17,000
2093,356-493,049]672,542 3258,947 195,769
3932,137!2075,194!447,98l|422,0162945,19l'276,368
unaer me neaa oi vnari&wn iu muuueu
Galveston is included
Point, Ac. *
rurn
imuor
Indianola, Ac.; under the head of Norfolk 1* included City
..00
0
6
7.1
0
2
.
1
000071942..53241
CHRONICLE.
THE
656
00000774..1754.3
Bales.
the total
These mail returns do not correspond precisely with
of the telegraphic figures, because in preparing them it
For June. ■
Bales.
Cts
100
11*39
400
!140
is always
correction made at the ports. r
Ct«.
10,900
7,700
11*47
11*48
11*49
11*50
Cta. 1
Bates.
1148
7,800.,..,
[v<* xxvl
700....11*01
1,800.
1,800
..
.*...11 02
11*03
For January.
Bales.
cta.
800.....10*87
500
10*88
400
10*80
11*04
5,600
to incorporate every
200
....10*90
1,100
11*05
2,000
11*41
There'has been a dull and drooping market for cotton on the 1,200
800
200
11*51
10*91
11*06
J00 8.n
11 44
500
11*07
200
300
11*52
10*92
200
11*45
gpot, and prices at one time declined, quotations being reduced
400
11*08
100
10*93
100
11*47
1,900
11*53
l-16c. on Tuesday. There was some business for export on Satur¬
300
10-05
200
11*48
5,300....
11*54
100
10*96
900
11*49
4,600
11*55 20,200
day afternoon, and a slight revival of the demand from home
100 8.n
1150
8,000
11*56
spinners on Wednesday, but not enough of either to afford relief 1,300
For November.
3,500
11*57
2,800
11*50
to the stagnation of trade.
600
10 81
200
11*51
11*58
3,000
Yesterday, the decline of Tuesday
500
For February.
300
11*59
30-82
500
11*52
was recovered, but business was trifling.
To-day, there was a
100
11*00
400
.10*83
1153
200
.11*04
200
10*84
11*54 88,700
steady market, with a fair demand for home consumption. For
000
10*85
future delivery there was on Saturday and Monday some effort to
10*86
For September.
100
300
8.200
100
10*87
700
11*10
promote a recovery of values, but with little success, and on
10*88
800
For March.
For July.
11*11
Tuesday there was a decided decline, followed on Wednesday by
300
11*07
100
10*89
....11*14
11*39
100
11*08
continued depression, though the decline was not so great as on
1,000
10*90
3,500
11*13
2,300
11*40
400
10*91
100.
11*10
11*14
500...
3,000
11*41
Tuesday. Liverpool was reported slightly lower for futures and
200
800
10*92
11*12
200
...11*42
11*15
100
10*94
200
11*43
8,400.
IT !6
the weather at the South had become all that could be desired for
700
500.;
10*95
800
11*44
6,000
11*17
the growing crop, giving greater plausibility to the argument
600
11*45
3,800
11*18
For April.
4,700
11*19
2,600
11*47
6,000
that the crop will be available at so early a date and in such quan¬
200
11*12
3.200
11*48
11*20
tities as to obviate the danger of scarcity at any time in the period
600
11*13
For December.
8,600
11*21
4,800
11*49
100
11*15
100
10*79
600
11*22
11*50
which may be described as “ between seasons.” The desire to
200
1.500
11*51
1,200
1L16
,...10*80
2,700....
11*23
realize the better prices of August and September, and the
300
1117
11*52
1,300
10-81
11*24
11*18
400
11*25
l,t*00
10 82
3,300
1,900
11*53
increased facilities for moving the crop, were descanted upon with
100
11*20
200
11*20
700
10-83
1,500
1154
success by the bears in their efforts to depress prices.
1,100
11*22
Besides, it ljlOO
10*84
11*55
2,200
300..
10 85
11*56 58^300
was admitted on all sides that it will not be desirable to open the
300
10 86
4,000
season for a large crop at a range of values that lias no substan¬
For October.
800
10*87
33^400
For May.
100
500
10*88
10-90
tial foundation.
The close on Wednesday was for the present
200
11*23
10*89
600
700
For August.
10*93
800
11*25
11*39
300
1,100
10*94
1,400
10*90
crop at a decline of 10@12 points, and the next crop was 6@9
100
11*27
10*91
11*40
10-95
2,300
1,900
points lower. Yesterday, the decline of the previous two days 6,400
100
11*28
900
...10*92
900
10 96
11*41 1
200
11*38
in this crop was nearly recovered, owing to a stronger report from
10"! 3
200
1,400
11*42
10-97
200
10*95
5.200
11*43
2,000
10 98
Liverpool, which caused a demand to cover contracts, but the 2 300....
900
11*44
10 99
1,900
next crop was only slightly dearer, except for September and
1
11*00 13,900
4,400.:
11*45 | 1,500
The following exchanges have been made during the week:
October, although some reports from the South said the clear
weather had come too late, as the plant in many fields was over¬
800 June for July, even.
*01 pd. to exch. 200 July for August.
•01 p1. to exch. 400 July for Aug.
pd to exch. 100 Sept, for July.
grown by grass and weeds.
To-day, there was a quiet market," •82
100 June for July, eveu.
*02 pd. to exch. 100 Juue for Aug.
•01 pd. to exch. 400 July for June.
*02 pd. to exch. 600 July for Aug.
opening weak, but the close was 4@6 points higher for all
*02 pd. to exch. 400 Aug. for Juiy.
•34 pd. o exch. 300
pr. for Aug.
deliveries, and slightly dearer than last Friday.
The following will show the closing prices bid for future
The total sales for forward delivery for the week are 237,400
bales, including — free on board. For immediate delivery the delivery, and the tone of the market at three o'clock P. M., on
total sales foot up this week 4,985 bales, including 1,100 for the several dates named:
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
export, 3,761 for consumption and 124 for speculation. Of
Thurs.
Fri.
Tues.
Wed.
Mon.
Fri.
Sat.
the above, — bales were to arrive.
The following tables show
Market— Lower. Str’nger. Str’nger. Lower Lower. Higli’r. High’r
the official quotations and sales for each day of the past week:
11*49
11*53
11*45
11*40
11*51
11*53
June
11*50
necessary
.
2.000
..
...
.
-
«
.
11*51
11*53
11*21
11*02
10*89
July
■
*
ALABAMA. N. ORLE’NS
UPLANDS.
Saturday, June 22,
Friday, June 28. Sat.
Mon
to
Mon
Mon Sat.
Sat.
TEXAS.
Sat. Mon.
August
September
October
November
Ordinary
•
ft.
9916
99,6
99j6 9**16 9**16
91516 915x6 9i*xe !0*16 10*16
107x6 10716 107i6 109.6 109.6
10l3lr> 1013x6 101316 101516 10*5,6
113.6
11*16 11*16 11*16
9^6
Strict Ordinary
9«i«
Good Ordinary. .. 107x6
Strict Good Ord... 10laie
Low Middling
mlft
11%
Strict Low Mid.... 11*4
11%
10*5,6 10*5,6
113.6
l&*
ir-
11%
X1ll8 H716 H7i6 H7i6 U916 11916 11916
Middling
1178
Good Middling.... 1178
Strict Good Mid...
Middling Fair
Fair
$ ft.
Fair
12
life
9%
Striot Ordinary..
978
Good Ordinary.... 1038
Strict Good Ord... 10%
11
Low Middling
Strict L6w Mid.... H310
1138
Middling
Good Middling.. . 111316
Strict Good Mid... 1218
Middling Fair
12
1178
1178
123x6 125i6 125.6 125x6 12516
123x6
12**16 121316 12*3,6 12*3x6 12*3,*
12li16
137ie 137x6 137)6 137x6 139.6 139.6 139x6 139.6
Toes, Wed
Ordinary
1138*
11%
11*4
9**16 9**16
10*16 10*i6
109.6 109.6
9%
978
103s
10%
11
.
-
Tues Wed Tues Wed Tues Wed
9%
9%
97s
9%
1030
10%
103s
10%
11
11
o%;
9%
10
10
10
10%
1078
11%
10%
10%
10%
107s
1078
107s
11%
11%
11%
11%
113s
.
115,6 11516 11516
11316 11316 11=16 11516
113s
9%
9%
10
11%
11%
11%
11%
11*316 11*316 11*316 11*5X6 11*5x6 11*516 11*5x6
12%
12%
1338
133s
12%
12%
13%
12%
12%
133s
12%
Frl.
Th.
| Frt.
9926 1 9916
Th.
12%
12%
13%
12%
12%
13%
,
Frl.
Th.
12%
12%
13%
12%
12%
13%
Frl.
| Th.
99i0
9**16 9**16 9**16 9**16
99,6
Ordinary
$ ft.
Strict Ordinary... 91o16 91^16 915x6 915i6 10*16 10*16 10*16 10*16
Good Ordinary.... 10716 !10710 iOLs 107x6 109i6 109i6 10916 109j6
Strict Good Ord... 101»i6‘101316 1013x6 101316 10151G 10*5,6 10*0x6 10*5,6
Low Middling..... llii6
Strict Low Mid.... 11 %
.
11*16 11316 113,6 113,6
jlliie 11*16
11%
11%
11%
11%
11%
11716 !11716 11710
11% 1178
Middling
Good Middling.... 1178
Strict Good Mid.
123j6
.
Middling Fair
Fair
Ills6
11%
{10,6
123,6 123ib
U9,o
119,0
125,6
i2*3,
liilfe life life life 139166
1211x6 1211x6 1211x6
13710 13716 1 137x6 137,6 139i6 13916 139,0
STAINED.
11*11
11*20
11*53
11*55
11*23
11*05
10*91
10*90
10*95
11*04
1112
11*21
11*29
11*55
11*55
10*89
10*93
11*01
December
January
February
March
April
May
Transfer oi*ders
Closed—
Gold
Easy.
100%
11*31
Good Ordinary
Strict Good Ordinary
Low Middling
9716
97 j e
107,6
11*16
11*16
$ ft.
9*0,6
Middling
9*0,6
107,0
9%
978
10%
9%
9%
10%
11
11
Th.
Frl.
9%
9*5,0
97j6
9*5x6
10716 10716
11*16 11*16
MARKET AND SALES.
SALKS OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat.. Doll, easier
Firm
Mon
Tues. Quiet, lower
Wed Dull
.
.
Tkurs Quiet, higher
Fri.
Quiet, steady.....
.
Total
Ex-
! C
»n-
port. sump
Spec- Tran¬
urt’u
sit.
719
....| 719
1,100;
....
....
...J
....
1,575
475
257
710
482
....
....
36.800
28,100
33.700
61,300
.
200
200
53.800
23.700
4,985 237,400
1,500
1,118
124}
Deliv¬
eries.
Sales.
300
400
200
200
J257
710
606
124
1,118
1,100 3,Toll
Total.
FUTURE8.
free on board)
(all middling or on
the basis of middling), and the following is a statement of the
ale»and prices:
For forward delivery, the sales (including
have reached during the week 237,400 bales
11*05
10*92
10*91
10*96
11*03
11*12
11*21
11*31
11*55
11*45
11*40
11*47
11*17
10*97
10*85
10*84
10*89
10*98
11*08
11*16
11*26
11*45
11*41
11*12
10*94
10*82
10*81
10*87
10*05
11*05
11*13
11*22
11*40
Dull.
Steady. Quiet. Steady.
100%
100% 100%
100%
4*83%
4*83%
4-83%
4*83%
Exchange
The Visible Supply op
4*83%
11*49
11*48
11*17
1099
10*86
10*85
10*89
10*97
11*06
11*16
11*26
11*50
Firm.
Strong.
100%
4.83%
4*83%
11-55
11-52
11-22
1105
10*91
10*90
10*95
11*02
11*10
11*20
11*30
11*55
100%
Cotton, as made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent
are
this week's
returns,
and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (June 28), we add the item of
exports from the United States, including in it the exports of
Friday only:
-
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen .'•I......'
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’ ntai ports.
.
Total continental
1875.
ports....
829,750 1,055,000 1,064,000 1,135,000
165.750
176,000
218,500
218,500
8,500
8,000
6,500
10,000
88.750
80,750
52,000
35,500
7,000
16,500
15,000
15,000
47,250
58,500
12,250
6,500
73,250
54.250
42,750
57,250
11,500
7,750
61,250
15.500
19,000
39,500
10,000
4,250
26,750
16,000
25,500
16,000
418,750
462,750
463,250
382,500
Total European stocks.. ..1,248,500
India cotton afloat for Europe. 244,000
Amer’n cotton afloat for Eur’pe 132.000
Stock in United States ports
Stock in U. 8. interior ports...
United States ex ports to-day..
..
Total
1876.
1877.
1878.
*13,000 1,009,000 1,012.000 1,030,000
11,750
52,000 105,000
46,000
Stock at Liverpool
Stock at London
Egypt.Brazilj&CMafltforE’r’pe
Mon Tues Wed
Sat.
11*54
11*55
11*25
1,517,750 1,527,250 1,517,500
356,000 405,000 649,000
227,000
187,000 156,000
12,000
173,737
13,357
21,000
19,000
278,257
35,430
256,914
20,589
31,000
192,270
17,808
2,000
visible supply.bales.1,823,794 2,397,253 2,457,937 2,565,578
200
Of tlie above, the totals of American
follows:
- •
American—
4,000
—
and other descriptions are as,
200
4,000
622,000
189,000
156,000
192,270
17,808
2,000
Total American
bales.1,323,294
East Indian, Brazil, etc—
1,525,503 1,427,687
1,179,078
Liverpool stock....
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
Liverpool stock
Loudon stock
Continental stocks
India afloat for Europe
649,000
355,000
132,000
173,737
642,000
379,000
227,000
256,914
586,000
337,000
13.357
20,589
35,430
\
126,250
408,000
105,000
1?3,500
871,750 1,030,250
1,386,500
,823,794 2,397,253 2,457,937
«J3i6d/
6i.
6&i6d.
2,565,578
169,000
11,750
63,750v
$67,000
46,000
83,750
Egypt, Brazil, &o., afloat
244,000 ; 356,000
12,000
19,000
Total East India, &c..
500,500
“Total American
Total visible supply.
Price Mid. Upl., Liverpool
187,000
278,257
1.525.503
426,000
.
52,000
405,000
21,000
1-427.687
649,000
31,000
1.179,078
7
Junk 89,
These
1878.J
THE CHRONICLE.
figures indicate
657
decrease in the cotton in sight
to-night are having too much rain. Caterpillar reports are reiterated and
of 673,459 bales as
compared with the same date of 1877, a planters are
preparing to poison. Crops will be good if we can
decrease of 634,143 bales as
compared with the corresponding date only have
dry weather. Average thermometer 85, nighest 95 and
of 1876, and a decrease of 741,784 bales as
compared with 1875.
lowest 80.
At the Interior Ports the movement—that is
New Orleans, Louisiana.—We have had
the receipts
rain on three
and shipments for the
days of
week, and stocks to-night, and for the the week, the rainfall reaching one inch and one
hundredth. The
corresponding week of 1877—is set out in detail in the following thermometer has averaged 81.
a
statement:
Shreveport, Louisiana.—The
Weekending June 28, ’78.
Week
ending June 29, *77.
ft'
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Macon, Ga
160
82
12
Montgomery, Ala
131
Nashville, Tenn..
39
824
179
1,859
Total, old ports.
1,427
Selma, Ala
Memphis, Tenn..
Dallas, Texas....
Jefferson, Tex.
108
208
375
81
115
3,177
72
799
926
59
894
306
325
2,686
71
1,239
2,317
11
39
432
675
5,653
720
50
318
89
3,936
10,802
648
2,034
3,178
13,357
*638
6,303
20,589
10
67
140
381
50
60
141
14
21
116
103
272
115
695
237
7
82
369
138
110
138
302
336
758
40
389
76
164
298
..
Receipts Shipm’ts Stock.
*1,407
*50
..
Shreveport, La
Vicksburg, Miss.
Columbus, Miss..
Eufaula, Ala
Stock.
1
26
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
571
145
151
934
2,468
Total, new p’rts
Total, all
....
....
79|
....
42
110
•
123
286
81
86
•
....
.
.
.
600
.
25
7
287
911
31
293
7i
102
41
1,593
4,082
6,785
15,222
1,941
2,381
3,456
1,427
1,087
4,349
3,809
3,906
7,883
2,164
6,356
5,236
7,084
21,240
2,802
383
340
12,659 35,811
(Friday).
The above totals show that the old
interior stocks have
decreased during the week 1,950
bales, and are to-night 7,232
bales less than at the same
period last year. The receipts at the
same towns have been 789
bales more than the same week last
*
Counted to-day
year.
Receipt from the
Plantations.—Referring to our remarks
i n a previous issue for an
explanation of this table, we now bring
the figures down one week
later, closing to-night:
RECEIPTS
Receipts at the Ports.
Week
ending—
1876.
April 5.
•41
12.
*4
19.
«4
28.
May 3.
*4
10.
4*
17.
tt
44
24.
31.
June 7.
14
21.
(4
23.
Total.
*
1877.
55,804 26,287
41,620 21,183
30,920 18,010
29,853 26,641
26,002 16,560
26,441 17,309
19,995 16,288
16.330 12,147
13,810 9,669
10,456 9,390
8,444 8,526
10,493 8,525
8,559
6,519
298.732 197,055
1878.
PROM
Stock
1876.
PLANTATIONS.
at
Inter’r Ports Rec’pts from Plant'ns
1877.
1878.
59,886 132,495 140,619 119,991
51,391 130,164 133,363 108,633
-
39,016
38,856
31,196
24,252
20,797
19,732
18,220
12,380
11,231
10,721
6,879
127,296 123.411
95,979
120,826 117,074 89,142
115,076 tC7,534 75,550
106,301 97,696 65,770
99,066 86,376
92,916 79,009
87,711 57,786
82,569 57,503
76,054 52,154
67,712 45,769
61,078 35,811
314,557
This statement shows us that
the past week were 6,879
56,433
46,305
39,025
34,154
29,315
23,237
21,240
1876.
1877.
1S78.
43,295
15,737 48,082
39,289 13,897 40.033
28,052 13.058 26,362
23,388 15,304 32,019
20,252 7,020 17,604
17,866 7,471 14,472
13,660 4,963 10,760
9,230
8,*05
5,314
1,929
2,151
1,925
214,809
4.7:0
•
.
•
•
•
•
,
•
9.604
10,940
7.5.9
3,171
2,141
4,693
••••
4,832
6,392
87,547 233.30.2
weather has been
more favorable
On sandy lands cotton
promising; but on low, heavy lands the crop is re¬
ported seriously damaged in consequence of continued
rains.
this week than for
many weeks past.
looks very
Reports regarding cotton are contradictory. Corn
pretty weU
thermometer 80, highest 92 and lowest 68. The
forty-four hundredths of an inch.
Vicksburg, Mississippi.—The thermometer has averaged 79
during the week, the highest point touched having been 94 and
the lowest 67. Rain has fallen on two
days, with a rainfall of
twenty-four hundredths of an inch.
Columbus, Mississippi.—We have had a rainfall^
during the
week of eighteen hundredths of an
inch.
Little Rock. Arkansas.—The weather
during the week was dry
and pleasant, until
Thursday evening, when we* had a thunder
storm, with quite a rain. Crop reports are favorable from
every
quarter. Average thermometer 75, highest 87, and lowest
65.
The rainfall
made. Average
rainfall has been
has reached
seventy-two
hundredths of
an
inch.
Nashville, Tennessee.—During the week just closed
the'days
have been warm but the
nights have been cold. The thermom-the highest being 84 and the lowest 62. It
days, with a rainfall of ten hundredths of an
eter has averaged 73,
has rained on two
inch.
Memphis, Tennessee.—Excepting a rain of two hundredths of
inch on one day, the weather
during the week has been warm
and dry, the thermometer
averaging 79 and ranging from 62 to
94.
The crop is
developing promisingly, and good progress is
being made in clearing the fields of grass.
Mobile, Alabama.—It has rained, very lightly, on one
day, the
balance of the week
having been fair. Crop accounts are more
favorable, and good progress is being made in
clearing the fields
of weeds.
Average thermometer 81, highest 94 and lowest 68. ‘
Montgomery, Alabama.—We have had no rainfall
week, the weather having been warm and dry. The during the
crop is de¬
veloping promisingly, and accounts are more favorable,
with
splendid prospects. The thermometer has
averaged
80,
the
ex
treme range
being 66 and 94.
Selma, Alabama.—The weather here has been warm and
dry
all the week.
The thermometer has
averaged 77.
Madison, Florida.—Rain has fallen on three days this week,
the rainfall
reaching thirty-three hundredths of an inch. The
thermometer has ranged from 71 to 85,
averaging 78. There is
some
an
>
.
grass in crops, but not much.
Macon, Georgia.—Telegram not received.
Columbus, Georgia.—The weather has
the week.
The thermometer has
been
warm
and
averaged 81.
Savannah, Georgia.—It has rained here
reaching twenty-three hundredths of an
week has been pleasant but warm.
from 67 to 93, averaging 81.
dry all
day, the rainfall
on one
inch.
The rest of the
The thermometer has
ranged
Augusta, Georgia.—The weather during the week has been
and seasonable.
Cotton and grain are
developing finely,
and accounts are
good. We have had a heavy, general rain on
one
warm
day, the rainfall reaching
dredths.
inch and seventy-three hun¬
averaged 80, the highest being
one
The thermometer lias
94 and the lowest 61.
although the receipts at the ports
bales, ther actual from plantations
Charleston, South Carolina.—We have had
were only 4,833
bales, the balance being drawn from stocks at throughout the week. The thermometer haswarm, dry weather
the interior ports. Last
raDged from 68 to
year the receipts from the plantations 90, averaging 80.
for the same week were
The following statement we have also received
bales, and for 1876 they were 1,925
bales.
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
Weather Reports by
Telegraph.—There has been a June 27. We give last year’s figures (June 23, 1877,) for com¬
very decided and satisfactory
change in the weather almost parison:
everywhere in the South the past week, little rain
June 27, ’78. June 28, *77.
having faHen,
and the temperature
Feet. Inch.
Feet. Inoli.
being higher. Reports are therefore more
.Below high-water mark
4
6
4
6
favorable, and generally they are very
.Above low-water mark... 21
3
promising. In parts of
23
5
Texas, however, there has been more rain,
.Above low-water mark...
2
9
8
and
4
damage
feared
is
on that account.
.Abovelow-water mark... 24
8
21
2
Warm, dry weather is greatly needed there, as
Above low-water mark... 36
the grass in a considerable section
5
40
2
has become troublesome.
New Orleans reported below
Galveston, Texas.—The weather has been warm' and
high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
throughout the week. We hear rumors of the appearancedry
of mark of April 15 and 16, 1874, which is 6-10ths
of a foot above
caterpillars, which we think of very little
importance; but there 1871, or 10 feet above low-water mark at that
is an active demand for
point.
poisons. The thermometer has averaged
84, the highest point touched having been 92 and the lowest
76.
Comparative Port Receipts and Daily Crop Movement.—
Indianola, Texas.—Rain (showers) has fallen on three
A comparison of the port movement
days
this
by weeks is not accurate,
week, the rainfaU reaching eighty three hundredths of an
inch, as the weeks in different years do not end on the same day of the
and the balance of the week has been
mostly cloudy. We hear month. We have consequently added to our other
rumors of the
standing
appearance of caterpillars, but think them of
very tables a daily and monthly statement, that the reader may con¬
little importance. Much
damage, however, is feared, unless the stantly have before him the data for
seeing the exact relative
showery, cloudy weather ceases. Aside from this
apprehension, movement for the years named. First we give the receipts at
the crop is
developing promisingly. Average thermometer 87, each port each day of the week
ending to-night.
highest 96 and lowest 78.
PORT
RECEIPTS
FROM
Corsicana, Texas..—We have had a shower on one
SATURDAY, JUNE 22, ’78, TO FRIDAY JUNE 28, '78.
day, with a
rainfall of thirty-five hundredths of an
inch. Good progress is D’ys New
WUMo- i Char¬ Savan¬ Galbeing made in clearing the fields of weeds, and the
Nor¬
All
of
Or¬
Total,
mingcrop
is
devel¬
bile.
*
leston.
nah.
vest’n.
folk.
others.
we’k leans.
oping promisingly. Average thermometer 79,
ton.
highest
97
and
lowest 64.
..
-
'
Dallas, Texas.—It has rained on one day of the
week, a shower,
^the rainfall reaching forty hundredths of an inch.
■ The therSTeter k*8 averaged 80, with an extreme range of 65 and 97.
JCl^jbere has been no additional damage done. The fields are being
X ^
°* grass, but still need work.
•oraifozm, Texas.—It has rained hard on three
days of the
the rainfall
reaching one inch and ten hundredths. We
;
Sat..
149
105
42
Mon
426
168
6
Tues
346
127
Wed
196
3
Thur
137
Fri..
Tot’l
259
142
114
150
433
195
49
149
463
168
10
258
69
110
36
60
12
12
81
192
98
246
73
162
1,600
451
1,043
1,352
179
.
66
787
18
265
36
178
93
1,102
1,548
1,431
1
72
719
2
50
537
852
1,542
1,510
6,879
....
....
57
THE
658
The movement each
Monthly
1877.
Receipts.
month since Sept. 1 has been as
Year Beginning September 1.
901,392
787,769
500,680
472,054
March...
April....
May
October..
Novemb’r
Deeemb’r
January
February.
.
169,077
236,868
675,260
98,491
578,533
822,493
900,119
689,610
Bept’mb’r
610,316
740,116
follows:
1872.
1873.
1874.
1875.
1876.
134,376
536,968
676,295
821,177
637,067
759,036
449,686
479,801
383,324
340,525
182,937
197,965
100,194
96,314
68,939
300,128
163,593
92,600
251,433
133,598
81,780
444,052
184,744
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
127,346
444,003
530,153
524,975
569,430
462,552
309,307
218,879
173,693
the month. The approaching holiday also
look for a brisker
it is expected that
higher figures will rule. Still, there is a good inquiry to be noted
and a fair amount Of stock is being worked off.
The supply on
hand is not large, and this tends to make holders firm at 2|@2|c. ,
cash and time, which are the figures at the close.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
16,424 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle, last Friday. With regard to New York, we
shows that up to June 1
ports this year were 292,379 bales more than
pected at the close of
has a quieting effect on the market. Holders
demand at the opening of the month, and
3,677,240 3,417,736
Tot.My 31 4,196,104 3,903,725 4,013,875 3,400,862
Perc’tage of tot. port
93-60
96-66
97-25
95-77
96-67
receipts May 31...
This statement
include the manifests of
for the
different years.
1877-78.
1876-77.
1875-76.
1874-75.
1873-74.
|
ToU1
250
484
167
800
2,667
3,069
:
To Havre, per steamer Canada, 167
To Bremen, per steamer Weser,
To Helsingborg, per bark Charlotte
New
Wednesday
New York, 196...
Liverpool, per steamers City of
The Queen, 88... per ship JamesFoeter, Jr.,
To Cork, for orders, per ship Robena, 8,069.
New Yob*—'To
the receipts at the
comparison of the movement
all vessels cleared up to
niffht of this week.
in 1876 and 182,229
bales more than at the same time in 1875. By adding to the
above totals to June 1 the daily receipts since that time, we shall
be able to reach an exact
[Vol. XXVI.
CHRONICLE.
.... . .
300.... ,,..
Alexandra, 2,667
Orleans—'To Liverpool, per steamers Fire Queen, 942
3,487-..per
ship
Baden, 3,201
1.059....Borossia,
,
Ithuriel,
8,755
80
728
124
100
16,424
Barcelons/per brig Clementina, 30...
Baltimore—To Liverpool, per steamers Caspian. 536 .. .Gracia, 192 ...
Boston—To Liverpool, per steamers Canopus, 103 ... Parthia, 19
Philadelphia—To Liverpool, per steamer Indiana, ICO
To
1872-73.
Total
usual form,
arranged in
of these shipments,
our
31 4,196,104 3,903,725 4,013,875 3,400,862 3,677,240 3,417,736
Hel8iDgBarLiver¬
Rec’pts—
s.
Havre. Bremen, borg.
celona.
Total.
Cork.
3,090
2,784
1,962
pool.
1,351
Junel....
2,269
8,069
167
800
2,667
....
6,687
784
44
3,609 New York
2,627
2,861
2,084
SO
S.
1,254
2....
8,785
New Orleans
8,755
728
4,360
"
2,614
2,003
S.
1,578
3....
2,359
Baltimore
728
224
3,310
«
S.
2,978
2,562
Boston
124
4....
2,821
2,396
100
3,006 Philadelphia
41
100
2,674
1,570
2,714
5....
2,309
1,243
“
8.
4,096
2,442
1,110
6....
1,812
2,667
Total
10,191
3,069
167
SCO
30 16,424
1,704
S.
3,017
“
3,028
1,925
7....
1,247
2,409
Below
we give all news received to date
8.
44
4,161
2,241
1,312
8....
1,531
1,401
carrying cotton from United States porta, etc.:
2,614
44
1,352
3,107
1,528
9...J
8.
1,186
sir. (3r.) A large boat, the cover of a hatchway, a brass-bound
3,176 Idaho,and
44
2,201
2,921
1,209
10....
two small boxes, addressed “ Captain Charles F. Kidder, ship Sarah
2,686
S.
2,504
44
8.
1,491
2,946
Hignet," supposed to be passengers' efforts, and some other
1,584
11....
1,862
wreckfiom the Idaho, were towed into Kilmore, Ireland, by fishing3,020
44
1,892
1,463
2,149
12....
3,061
1,920
boats, June 10th. Liverpool, June 21st.—1The Court of Inquiry into
2,370
8.
1,642
44
1,543
loss of the Guion line steamship Idaho, which struck a r ck and sunk
1,3S5
13... J
1,170
S.
2,602
on the morning of June 2d off the Saltee Islands, while ou the passage
44
724
3,845
640
14....
2,192
from New York to Live. pool, found thrft the captain, Holmes, was in
S.
3,571
719
44
1,987
1,121
15....
1,505
fault, and suspended his certificate for six months.
4,301
1,684
44
1,899
1,586
S.
Marie Fredericks, ship (Nor.)—The cargo of the Marie Fredericke.
1,186
16....
3,793
New Or.eane for Liverpool, before reported aa having put into Key
2,351
784
2,034
44
S.
2,279
17....
West, slightly damaged, will be re- hipped. In going out she was
2,240
1,701
S.
44
2,115
1,075
18....
1,360
stuck near the jetty bar for several days. This vessel, formerly the
2,009
2,643
44
2,146
3,107
Almora, has cleared from New Orleans three times in the past two years
1,837
19....
1,581
The particulars
are as follows:
Tot My
of disasters to vessels
chest
portions of
the
from
44
21....
44
22....
*
1,210
2,786
1,102
20....
44
44
23....
44
24....
44
1,375
1,614
607
1,165
1,599
846
904
S.
S.
25....
1,548
1,431
*4
26....
719
1,465
1,114
44
27....
537
722
44
28....
1,542
506
2,704
S.
2,044
1,367
8.
2,389
2,034
2,337
2,974
1,461
2,814
1,407
1,946
1,341
S.
8.
1,894
port receipts
9813
98-78
96-72
97-51
S.
2,864
3,001
2,152
2,072
2,704
1,919
Cotton
of total port receipts
received June 28 in each of the years named.
Cotton
Acreage and
Great
Brit’n.
r’dy.. —ax
nent.
'78
11,000 11,000 256,000 349,000
1877 15,000 7,000 22,000 347,000 357,000
1876 33,000 10,000 43,000 523,000 313,000
*
Total.
This
Week.
Since
Jan. 1.
605,000 19,000
704,000 10,000
836,000 12,000
811,000
969,000
966,000
We are
Muir & Co.
From the
foregoing it would appear
were
were
that, compared with last
X comp.
X comp.
—
—
and speculation. Of to-day’s sales 4,900
The weekly movement is given as follows:
for export
American.
4
June 14.
June 7.
.
week
.i
40,000
4,000
30,000
3,000
7,000
858,000
92,000
6,000
60,000
9,000
17,000
832,000
645,000
bales.
Forwarded
Sales American
Of which exporters took
Of which speculators took..
.<
Total stock
Of which American
078,000
66,000
61,000
43,000
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
33,000
5,000
5,000
213,000
90,000
235,000
130,000
table will show the daily closing
The following
week:
June 21.
48,000
6,000
35,000
4,000
8,000
837,000
668,000
29,000
23,000
7,000
217,000
86,000
June 28.
36,000
4,000
29,000
2,000
3,000
818,000
649i000
21,000
14,000
6,000
212,000
84,000
prices of cotton for the
,
Spot.
Saturd’y. Monday
Futures.
These sales are on
;
the basis of Uplands,
6316
June
June-July
July-Aug
Low Middling clause,
Saturday,
d.
Delivery.
Tuesday Wedn’sdy Thursd’y Friday.
...,@6*4 ...@6*4 ...,S63ie ...@6316 ...@63i8
...@638
...@63s_
...@67i6 .../®671e ...@638
Mid. Upl’ds ...'3>634
Mid. Orl’ns. -..@67ie
otherwise stated.
persuaded that there is some error in the figures of Messrs.
W. Nicol & Co., which we have heretofore used, and consequently we to¬
day make the totals conform to those., received from Messrs. Finlay,
*
bales
bales
editorial
annual review covering these
Conti¬
%
X
X CP* —11-16 comp.
X cp. —<&X 1W6 comp.
Liverpool, June 28—3.30 P. M.—By Cable from Liver¬
pool.—Estimated sales of the day were 6,000 bales, of which 1,000
Sales of the
Receipts.
follows:
,—Havre.—» /—Bremen.—« /-Hamburg-,
Steam. Sail. Steam. Sail. Steam. Sal),
c.
c.
c.
c.
c.
c.
X cp. —11-16 comp. X
X comp. —
X cp. —(glX 11-16 comp. yt
X comp. —
X comp. —
X cp. —-@X 11—16 comp. X
X cp. —®X 11-16 comp. X
X comp. —
which had been
Shipments since Jan. 1.
Great
Conti¬
nent. Total. Britain.
*
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
15-64 comp.
Friday... -h®X
95-52
will be found our
points. We give in it more than our usual data, much of which
will be of use not only at the present time, but also,and especially
as the season advances and the crop further develops.
Bombay Shipments.—According to our cable despatch received
to-day, there have been
— bales shipped from Bombay to
Great Britain the past week and 11,000 bales to the Continent;
while the receipts at Bombay during this week have been 19,000
bales. The movement since the 1st of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
brought down to Thursday, June 27:
Shipments this week
Liverpool.
8aiL
Steam.
d.
d.
Monday.. — &X
Tuesday. —<&X
Wed’day. —
Stand in 1878.—In our
columns to-day
cargo.
freights the past week have been as
,
This statement shows that the receipts since Sept. 1 up to
to-night are now 299,898 bales more than they were to the same
day of the month in 1877, and 183,650 bales more than they
were to the same day of the month in 1876.
We add to the last
table the percentages
reached Key West leaking
On the trip before her last one she
was loaded with lumber.
The vessel was condemned, sold, taken tb
New Orleans, repaired and classed A2.
3,454,531 3,733,061 3,487,875
Total.... 4,237,315 3,937,417 4,053,665
Percentage of total
and each time has
with cargoes for Liverpool,
and been obliged to re-ship
2,014
3,386
S.
2,676
1,143
1,257
1,698
2,044
1,445
63,6
6316®732
Delivery.
d.
Aug.-Sept
t>732'®34
Sept. Oct... .6932®5i«
Oct.-Nov
6»32
June
Oct.-Nov., n. crop,
sail.
6»w
Shipment.
Delivery.
.63ie
d.
Shipment,
65ie
Oct
Monday.
Delivery.
unless
Aug.-Sept...
6932
6732 Sept.-Oct.. ..6516@iI32
there has been a decrease of 11,000 bales in the week’s ship¬ June-July.
v-6m
July-Aug
6?32 Oct.-Nov
ments from Bombay to Europe, and that the total movement
Tuesday.
\
since January 1 shows a decrease in shipments of 99,000 bales,
Delivery.
I
Delivery.
July-Aug
6732 | Aug.-Sept
1.6%
compared with the corresponding period of 1877. '
:... 63l3
6&i6 1 June-July
Gunny Bags, Bagging, Etc.—Bagging has continued to rule Sept.-Oct
Wednesday.
firm in price, and a fair demand is to be noted for parcels, and
Delivery.
Delivery.
fair sales are making at full figures, as there is no disposition on JUDO
6®32
68l6®532 Sept. Oct
6%
the part of dealers to accept less than quoted figures, which show June-July........ 63ie Oct.-Nov
July-Aug
6532
Nov.-Deo., n. crop,
sail.....
year,
firmness, and 10f@llc. are
have not been so active during
more
quoted for prime quality. Butts
the week, which is not unex¬
July-Aug
Aug.-Sept
....63i6
6^*32
June-July
(^32
Delivery.
Nov.-Dee
6733
Shipments.
May-June, Bail ...6X
Oct.-Nov.,n. crop,
sail..,,
..••*32
/-•
■
THE CHRONICLE!
June29, 1878.]
659
Futures:
Flour,
Thursday.
Delivery.*
June-July
July-Aug
Aug.-Sept
Delivery.
.e&s*
6632
6^32
.*.
Sept.-Oct
Delivery.
June-July
July-Aug
i-6®32
6732
Oot.-NOV-.
Aug.-Sept.
6k
June
bbls.
85.209
Previous week
63le
6316
Oct.-Nov
6>4
..6Si6
June-July
Oct.-Nov
June..
Shipments.
6H
Nov.-Dee.,
6316
6^4©*32 Aug.-Sept
66ie©932
sail..
6m
Oct.-Nov.,
sail
n. crop,
6S16
n. crop,
6316
in
the past week, leading at times to considerable
activity. There
were sales early
in the week of large lines of common extras at
$4 05@$4 10, and yesterday at $3 95@$4, the latter figures being
a* low, we believe, as have ever been
quoted in a generation.
There were also liberal sales of the better
grades for the West
Indies, &c., at $5@5 10. Good to choice trade brands have been
selling fairly. Production is curtailed at all points, but there is
a strong inclination to close out stocks of
grades which are in
danger of being soured by the heat of summer. To-day, the mar¬
ket was dull, drooping and unsettled.
The wheat market has also
materially declined, under a press¬
ure to realize in the face of dull
foreign advices. The anxiety to
sell has been increased by the greatly improved accounts received
of the progress of the growing
crops of spring wheat in the
Northwest.
Receipts are moderate and stocks nowhere exces¬
sive. Yesterday, at a decline to 90@93c. for No. 3
spring, 98c.@
$1 for No. 2 do., and $1 02@1 04 for No. 1 do., there was more
activity, with winter wheats going at $1 05@1 06 for No. 2 red
and $1 17 for No. 1 white.
Far future delivery, No. 2 spring
has
sold at 96c. for
August, with No. 3 red winter offered for the
same month at
$1. To-d&y, there was some further depression,
with limited sales, including No. 1
spring at $1@1 01, choice red
winter at $1 ligand choice white %l 19, but futures more
steady.
Indian corn was in good demand all the
week, and supplies
being but moderate, prices were higher. The advance was most
decided in steamer .mixed, of which the
proportion among the
receipts was less than expected. Late sales embrace steamer
mixed at 43@43^c. on the spot and for June, 44c. for
July, and
44}@4bc. for August, and No. 2 mixed at 44|@45c. on the spot,
45@45±c. for July, and 46}@47c. for August. Choice old mixed
brought 48c., and white 53@54c. Yellow nearly nominal at 46@
48c. for Western and Southern. To-day, the market was active
for No. 2 mixed, at 44£c. for July and 46c. for
August, being some
decline for these deliveries.
Rye was active early in the week at steady prices, but No. 2
Western sold for the last half of July
at 63c., and the whole
market has latterly been dull and drooping.
Oats were fairly active and firm at 30£@31c. for No. 2
Chicago,
bat yesterday were dull and drooping. Receipts at
the West
have been much smaller than last June.
To-day, the market
was dull, and No. 2
graded closed at 304c. for mixed and 33c. for
white.
The following are closing quotations :
.
Flour.
No. 2
$ bbl. $2 00®
Superfine State A West¬
ern
Extra State, Ac
Western Soring Wheat
extras
do XX and XXX
do winter X and XX...
do Minnesota patents..
City shipping extras
City trade and family
brands
Southern bakers' and fa¬
mily brands
Southern shipp’g extras.
Rye flour, superfine
Cora meal—Western, Ac.
Corn meal—Br’wine, Ac.
Grain.
2 60
3 00®
3 90®
3
4
85® 4 15
25® 6 00
4 00® 6 00
5 50® 7 50
3 SO® 5 00
Wheat—No.3 spring,bush $
No. 2 spring.
No. 1 spring..... ^
Red Winter.....
White
Corn—West’ll mixed..
do steamer grade
Southern yellow.
Southern white
Bye—Western...*
State
5
25® 5 85
90®
96®
1 00®
1 00®
1 08®
40®
43® 4334
46®
48
55
58®
60®
63
62®
Oats—Mixed .1
2
3
15® 2 59
75® 2 80
Barley—Canada West
State, 2-rowed
8tate, 4-rowed
Western feeding
58®
63®
40®
75®
been
Peas—Canada bondAfree
The movement in breadstuff’s at this market has
follows:
RECEIPTS AT NEW YORK.->
Flour, bbls.
—1878.
For tbe
Since
week.
Jan. 1.
*
as
—EXPORTS FROM NEW YORK.
Same
time
1877.
■
58,487 1,936,458 1,277,400
3,111
94,400
124,894
Wheat,bus. 808,040 22,916,999 2,266,401
Corn.
“
611,136 16,193.836 10,861,759
Rye,
'*
35,5’4 1,737,159
832,612
Barley, “
*46,066 *2.406,785 *1,778,643
Oats.
“
236,225 5,154,973 4,232,000
1878.
For the
Since
week.
Jan. 1.
1877.
For the
Since
week.
Jan. 1.
28,232
1,206,414
555,112
*
28,438
2,447
101,707
390,292 21,408,041
799,233 12,674,692
109,140 2,062,831
C.meal, “
*
65
28®
81®
77®
White
4 75® 6 25
4 25® 4 60
3 03® 3 45
100
1,840
>
5,845
117,4*23
4,061,204
467,179 10,178,880
160 323
1,477,806
120,154
80,980
937,780
2,042
675,894
606,980
78,379
Including malt.
RECEIPTS AT LAKE AND RIVER PORTS FOR THE
WEEK ENDING
JUNE
Flour,
bbls.
AT—
ChIcag°
(190 lbs.)
19,732
_
Milwaukee
Toledo
41,632
65
Detroit....
4,972
Cleveland
*2,100
14,164
St Louis
Peoria.
Boluth
1,235
•
22, 1878.
Wheat,
Corn,
bush.
bush.
(60 lbs.) (56 lbs.)
143,353 1,020.545
387,693
40,762
91,272
9,150
90,242
925
’
15,970
127,662
1,247
21,700
108,257
181,525
Oats,
buBh.
Barley,
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
254,330
18,199
19,867
39,600
11,352
13,015
8,750
7,208
14,200
51,934
26,250
• *
•
•
167
2,123
f,800
6,000
_____
.....
♦Estimated.
MM*
83,90J
663,397
1,476,906
402,272
bbls.
Boston
Portland
Montreal
800
7,021
12,930
Total
Previous week
Oats,
bush.
1.587.433
Barley,
Bye*
bush.
350,214
bush*.
40,596
33,244
66,264
30,263
28,101
36,b08
100,241
681,943
■s.
:
Previous week
£9,174
256,303
5,500
828,749
1,504
6,100
78,880
1,122,636 2,601,930
1,102,259 3,165,866
566,709
53.634
369,532
158,861
•
•
•
•
64,987
91,300
96,645
367,704
STATES
1,175,859
FOR WEEK ENDED
Flour,
Wheat,
bush.
455,760
119,640
•
•
•
1.000
«
•
••
7,619
PORTS AND
20,240
100,074
96,868
8,000
FROM
JUNE 22, 1878.
Corn,
bush.
45-
75
327.413
SEABOARD
By®,
bush.
147,820
49
To*al for week..
861,552
67,200
*
bush.
6,753
11,931
Baltimore
745,996
Barley,
123.103
26,415
Philadelphia
bush.
13,627
bbls.
Portland
Montreal
Oats,
bush.
UNITED
*.-•--
Corn,
bush.
625.000
377,000
MONTREAL
From—
New York
Boston
22, 1878.
224,834
35,850
1,500
1,461
16,100
8,000
89,668
124,259
EXPORTS FROM
Wheat,
48,540
19,457
1,900
16,091
9,010
16,634
143,827
....
Corresp’ng week,’77.
795,461
141,391
Oats,
bush.
2,040
10
Bye,
bush.
109,110
Peasv
bush.
1,180
-1..
•
3,828
7,347
6,820
283,751
56,390
69,527
54,101
131,139
203,236
477,740
342,807
1,076,278
1,186.920
1,960,635
2,223,293
58,870
135,982
14,211
716
•
•• •
•
•
•
•
109,170
....
15,430
220,505 126,359 146,036
Two weeks ago
92,148 1,681,691 2,374,291
162,174
90,364 201,474
Three weeks ago....
61,090 1,394,488 2,209,173
121,973
63,255
62,852
From New York—100 bush, barley, From New
Orleans—123,558
bush.
corn and 1,348 bbls. flour.
THE DaY GOODS T tADE.
The market has been very quiet
Friday, P. M., June 28, 1878.
during the past week. City
jobbers were busily engaged in taking account of stock, and
their purchases were
consequently of a strictly hand-to-mouth
character; but there was some disposition on the part of interior
jobbers to commence operations in Kentucky jeans, cotton flannel*
and sbirts and drawers for the autumn
orders for the future delivery of such
trade, ani considerable
goods were placed with
spasmodic movement in
manufacturers* agents.
There was a
woolen goods, but the volume of business failed to realize
expect¬
ations, because of the meagre selections made by the clothing
trade, and the paucity of orders placed by cloth houses. The
jobbing trade, waf, as a rule, very light, but large sales of cotton,
goods, calicoes, dress fabrics, &c., were made by some of the
leading Aims, who make a practice of closing out their open
stocks at low figures when on the eve of
stock-taking.
Domestic Cotton Goods.—The exports of cotton
goods from
this port during the week ending Jane 25th were 1,971
packages,,
which were shipped as follows: Great Britain 1,346
package*,.
U. S. of Colombia 309, Brazil 93, Cisplatine Republic
47, Sand¬
wich Islands 81, New Zealand 80, Africa 25, &c. Brown
sheetings and drills were only in moderate demand, and bleached
shirtings ruled quiet, aside from a few fine makes such Us
Wamsutta, New York Mills, &c., in which a large movement
was stimulated by their reduction* to the
unprecedentedly low
price of Htyc. As above stated, cotton flannels were more sought
for, and grain bags continued active and scarce; but for most other
descriptions of cottons goods there was only a limited demand*
Prices cQntinued steady on ducks, denims and ticks—the
supply
of which is not excessive; but cheviots, cottonades and dresa
goods were weak and unsettled. Print cloths remained quiet at
3 7-16c., leBS 1 per cent caBh, for 64x64s,and 3c., cash, for 56x60s.
Prints were dull in agent’s hands, but large sales wtr6 effected at
low prices by some of the leading jobbers.
Domestic Woolen Goods.—There was an
irregular demand
for all-wool and cotton-warp fancy cassimeres by
clothiers, and.
selection* were less liberal than expected by holders,
but prices
were fairly maintained.
Cheviot suitings received a fair share
of attention, and worsted coatings were in
steady request for
moderate selections.
Rough and fancy overcoatings were dis¬
tributed to a fair aggregate in execution of former orders, but
all-wool and cotton-warp b?avers continued
sluggish, as we*e
cloths, castors, and doeskins. Kentucky jeans were moderately
active in the best heavy fine all-wool makes, and a few of the
most popular medium grades were taken rather more
freely; but
low qualities remained quiet. Printed satinets met
with* con¬
siderable sales, but blacks and mixtures moved
slowly and in
small parcels. Repellents and cloakings were
very quiet, and
flannels have not yet commenced to move, except such makes a*
are adapted to the wants of the shirt
trade, for which there was
some inquiry.
Foreign Goods.—Transactions in imported goods were almost
wholly restricted to filling orders for small re-assortments, and
sales were light in the aggregate. Dress goods and silks remained
quiet, and millinery goods were less active, aside from black silk
velvets for which there was a steady inquiry for
trimming pur¬
poses. Housekeeping linens moved slowly but shirting linen*
were
•
Total....
At—
New York
Philadelphia.
important decline in prices of flour
an
Flour,
Baltimore.
New Orleans
Friday. P. X., June *28, 1878.
There has been
651,497
259,812
WEEK ENDED JUNE
B RE ADSTUFPS.
-
hash.
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD
PORTS FOR THE.
Delivery.
.63le
63i6
July-Aug
Aug.-Sept
Sept.-Oct
Cora,
bush.
Corresp’ng week,*77. 61,630
1,464,242
Corresp’ng week,’76. 121,507 1,471,028 1,627,914
Friday.
Delivery.
Wheat,
a
trifle
more
active.
Embroideries
were
distributed at fair
prices to a moderate aggregate at auction, bat ruled quiet in
53,300
private hands. In woolen goods there was no movement of
importance, and hosiery was in light request.
Cotton.
Cotton.
SEAMEN'S BANK
BUILDING.
AND
NEW YORK.
GENERAL COMMISSION
MERCHANTS
Liberal Advances
the execution of orders for
purchase or sale of contracts for future delivery
Special attention paid to
of cotton.
Pim, Forwood& Co.,
GENERAL
MERCHANTS,
COMMISSION
174 Sc 176 Pearl St
,
JAMES FINLAY Ac
Messrs.
New York.
Execute orders for Future Contracts In New York
and Liverpool, and make advances on Cotton and
CO.,
LIVERPOOL.
FOR COTTON bought and
York and Liverpool.
Dennis Perkins & Co.,
BROKERS,
COTTON
c
for Merchandise in
England, China, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
for the
Liverpool.
MERCHANTS,
AND
FINANCIAL
AGENTS,
Pearl Street,
132
New York.
P. O Box 3,909.
Consignments.
Advances made on
Special personal attention to the purchase and sale
CONTRACTS FOR FUTURE DELIVERY" OF
•r
(Successors to MOODY St
COTTON
BANKERS,
Co.,
JEMISON),
121 Pearl Street,
New York.
Delivery.
5- R. Smith & Co.,
TOTAL ASSETS
SUMMARY OF
MERCHANTS,
PEARL STREET, NEW YORK,
Loans' on
Liberal advances made on
GENERAL COMMISSION MERCHANTS,
No. 123 Pearl Street, New York.
Future Con¬
Commission, In
Total
CHAS. J.
& Co.,
James F. Wenman
BROKERS,
COTTON
No. 146 Pearl Street, near Wall, N.
Established (In Tontine Building) 1841.
Y.
COTTON
A U GUST
Richards,
O.
(Successor to A. L.
v
RICHARDS)
-
Skipping and Commission
No.
89
Merchant
Co.,
COMMISSION MERCHAN7S
60 Stone Street, New York.
COTTON BUYERS A
-
/
Orders In Futures
executed at N. Y. Cotton Exchange
Waldron & Tainter,
(Successors to NOURSE St
BROOKS),
COTTON MERCHANTS,
97 PEARL STREET, NEW YORK.
Future orders promptly executed.
GENERAL
EdWard H. Skinker & Co.
COMMISSION AND COTTON MERCHANTS,
97 Pearl
Street, New York.
Sawyer, Wallace & Co.,
COTTON FACTORS St
COMMISSION MERCHANTS
e -
47 Rroad
Geo.
Copeland,
BROKER,
1S6 PEARL STREET, NEW
YORK
65,2:2 89
185,204 18
Company
INCORPORATED IN 1819.
January 1, 1877.......
$7,115,624
$3,000,000 00
Capital
Re-ineurancefund.
...
429,114 82- 5,170,388 24
claims.
NET SURPLUS, Jan. 1, 1877 . $1,945,236
BRANCH OFFICE:
No. 173 Broadway,
'
JAS.
42
1,741,273 42
Unpaid losses & other
18
New York.
ALEXANDER, Agent.
A.
consignments. Prompt
Liverpool &
Alexander,
London. & Globe
BROKER,
GEORGIA.
Company,
Lnsurance
given to purchase of
William St,
45
ReferencesNational Bank of Augusta, Georgia;
Henry Hentx St Co., Commission Merchants, Now
York; William B. Dana St Co., Proprietors Commea
•iax. akd Financial Chronicle, and other New
3.
E.
PULSFORD,
York Houses.
Resident Manager.
MacaulayMERCHANTS,
& Co.,
COMMISSION
22 WILLIAM STREET,
N&W YORK.
Future Contracts for Cotton bought and
Commission in New York and Liverpool.
BLOSS &
Commercial
sold on
INCHES,
Union
■
FACTORS
COTTON
AKD
142 Pearl Street,
Ins. Co.
(OF LONDON),
ALFRED
GENERAL COMMISSION
MERCHANTS
PELL,
Resident
Manager,
New York.
& 39 WallStreet
WALTER & KROHN, 37
mmmmgmssBBBBSBBSBSSSBBBSSBSBBBSSBSSBBSSBBBBSBBBBMP
COTTON
BROKERS,
53 BEATER STREET,
NEW YORK.
Lawrence OF
& Sons,
HenryMANUFACTURERS
MANILA, SISAL, JUTE
Street, New York.
COTTON
814,215 47
$421,098)...
HARTFORD.
OF
BROAD STREET, NEW YORK.
H. Tileston &
124,828 00
WASHBURN, Secretary.
Insurance
COBBXSPOKDBKOC SOLICITED.
E.
2,016,903 00
8,016,875 00
251,190 00
12,500 00
7,871 20
$6,109,526 76
MARTIN, President.
COTTON on
SPINNERS and EXPORTERS.
Entire attention
ORDER for
A,
.
ALTNA
personal attention paid to tbe execution of orders for
the purchase or sale of contracts for future delivery.
Wm. Felix
$161,727 56
on
payable on demand
Stocks,
(market value of Securities,
-
Advances made on Consignments
tracts for Cotton bought and sold on
New Yorfc and Liverpool.
-
.$6,109,526 75
ASSETS.
Interest due on 1st of January, 1378.......
Balance In hands of Agents
Real estate
Premiums due and uncoHected on Policies
issued at this office
COMMISSION
Boston.
256,391 42
Cash In Banks
Bonds and Mortgages, being first lien
real estate (wort! $4,293,200)
United States stocks (market value)
Bank Stocks (market value)
State and City Bonds (market value)
C O T T ON
44 Broad Street,
AKD
;
,
1,016,703 02
Total Assets,
AKD
FACTORS
Losses and
Reserve for Unpaid
Dividends
Net Surplus
J. H.
Special attention given to the execution of orders
for the purchase or sale of Contracts for Future
125
■
Condition of the Company on the first
day of January, 1878.
$3,000,000 ©O
CASH CAPITAL.
Reserve for Re-Insurance........ 1,836,482 31
MERCHANTS,
COMMISSION
OOTTON.
E. S. Temison &
Company
YORK,1
OFFICE. No. 135 BROADWAY.
Foulke,
Bennet &
COTTON
COMMISSION
NEW
OF
GENERAL
J.FACTORS,
H. Farley,
H. W. &
Marine Insurance
British Sc Foreign
Company of
Pearl Street, New York.
117
Sc FORWOOD,
Also, execute orders
FINLAY, MUIR Sc CO.,
CALCUTTA AND BOMBAY.
sold on commission in New
consigned to
LEECH, HARRISON
Messrs.
FUTURE CONTRACTS
Orleans, La.
other produce
A3D GLASGOW.
orders for Merchandise through
LIVERPOOL, LONDON
Also execute
P. o. BOX 4964,
6. BOX 613,
New
Consignments to
Advances made on
MERCHANTS,
GENERAL COMMISSION
P.
New York.
Insurance
Forty-Ninth Semi-Animal
Statement)
SHOWING THE
signments.
Henry Hentz & Co.,
.
he execution of ordert
for the purchase or sale of contracts for future
delivery of cotton. Liberal advances made on con¬
Special attention paid to
"
HOME
YORK.
NEW
made on Consignments.
Insurance.
BUILDING,
COTTON EXCHANGE
LOANS MADE ON ACCEPTABLE
SECURITY.
NEW YORK.
54 RROAD ST.,
MERCHANTS
GENERAL COMMISSION
Co.,
R. M. Waters &
ADYANCES ma*e on warehouse receipts and
consignments of cotton.
BUY AND SELL ctton contracts and firstclass investment securit es.
Factors
Cotton
Street,
Sc 76 Wall
No*. 74
XXVL*11
Cotton.
t
Murphy & Co.,
Woodward & Stillman, Ware,
the
[VOL.
THE CHRONICLE
660
L. F.
COTTON BUYER AND
NEW
CORDAGE,
Berje,
EXPORT AND DOMESTIC USF.
GANGS OF RIGGING MADE TO ORDER.
193 FRONT STREET, NEW YOBS.
FOB
COMMISSION MERCHANT
ORLEANS,
Sc TARRED
LA.
@FedFRASER