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MERCHANTS’
HUNT’S
MAGAZINE,
W^«liIm IjktMpapev,
REPRESENTING THE INDUSTRIAL AND
COMMERCIAL INTEREST! DF THE UNITED STATES,
r
3
THE CHRONICLE.
Moneyed
Institutions
The New York Clearing-House
and its New Movement
Taxing National Bink Stock...
Financial Review of the Month
of May—
The Debt Statement for May...
Latest Monetary and Commercial
531
534
535
English News
536
News
532
State of New York.
537
Commercial c.nd Miscellaneous
533
day no doubt be done. To show the magnitude and
position of these corporations, we give from the official
report of the bank superintendent, the subjoined sta¬
tistics of the various loan and trust companies in the
tant
CONTEHTS.
New Legislation on our
NO. 51A
SATURDAY. JUNE 5, 1875.
VOL. 20.
TRUST COMPANIES IN THE
THE BANKERS’ GAZETTE.
*.
Banks, etc
Quotations of Stocks and Bonds
York Local Securities
New
Investment and State, City and
Corporation Finances
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks. National
THE COMMERCIAL
Cotton
543
544
Trust Company.
& Tr. Co.
N. Y. Mercantile Trust Co.
1866 Brooklyn
1822 N.Y. Fars. Loan
1868
1867 National Trust Co
1864 N. Y. Guar. & Ind’ty
TIMES.
553
548 I Breadstufts.
549 | Dry Goods
Commercial Epitome
539
542
554
Co...
1830 N. Y. Life & Trust Co —
The Commercial and Financial Chronicle is issued on Satur¬
day morning, with the latest news up to midnight of Friday.
TERMS OF
SUBSCRIPTION—PAYABLE IN ADVANCE.
The. Commercial and Financial
subscribers, and mailed to all others:
For One Year (including
For Six Months
Chronicle, delivered by carrier to city
$10 20
postage)
6 10
until ordered stopped by a written order
office. The Publishers cannot be responsible for Remit¬
by Drafts or Post-Office Money Orders.
Subscriptions will be continued
at the publication
tances unless made
or
Advertisements.
published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions, a
liberal discount is made. No promise of continuous publication in the best
place can be given, as all advertisers must have equal opportunities. Special
Notices in Banking and Financial column 60 cents per line, each insertion.
Transient
advertisements
The London office of the Chronicle Is at No. 5 Austin Friars,
street, where subscriptions are taken at the following rates:
Annual Subscription to the Chronicle (including postage)
Old Broad
months’subscription
william b. dana,
I
WILLIAM B. DANA & OO., Publishers,
Six
floyd, jr.
\
1, 1874.
*
Surplus, $567,907. t Surplus,
§ Surplus, $1,574,042 32.
15,898
479,338
37,130
635,211
3,018,012
4 to 7
12
4,5
2,221
1,146,477
7,313,146
571,651
251,4S5
4,539,912
444,464
13,645,020
301,594
2 to 5
197
3 to 5
1,618
136.255
4
191
386,351
4
57
123,008
3 to 5
266,637
2 to 5
1,467
1,089
1,242
4 to 5
46
6
356,655
753,590
232,772
$500,042 07. t Surplus, $117,023 79.
the Legislature, the New
York Loan and Indemnity Company has gone into volun¬
tary liquidation, so that the number of these Loan and
report was made to
Since this
Trust institutions will be
will be
eleven, and the other statistics
proportionally reduced.
From the figures as they
stand in the official tables before us we
compile the fol¬
are
London Office.
John e.
982,000
1,000,000
2,000,000
tl,000,000
1,000,000
500,000
tl,000,000
100,000
Tr. Co.
Co..
1864 N. Y. Union Trust Co
1866 T. Co. Onondaga, Syracuse
1853 United States Trust Co... §2,000,000
836,000
1870 N. Y. Loan & Indem’y Co.
1870 N. Y. State Loan &
1871 N. Y. Real Estate Tr.
<£l)ronicU.
STATE OF NEW YORK, JULY
Cash
Deposits Date of No. cf
Capital
paid up. on interest interest, deposit'rs. in b'nk.
642
4
$56,531
*$334,040 $1,180,670
568
1,693,750
1,000,000 4,106,818 3 to 5
£2 2s.
1 8s.
79 and 81 William Street. NEW YORK.
Post Office Box 4 592.
lowing aggregates:
RESOURCES AND
LIABILITIES OF TRUST COMPANIES OF NEW YORK,
Resources.
JULY,
* $4,982,341
16,215,848
Bonds and mortgages
Stock investments
$16,558,143
17,167,392
Par value of the same
Estimated market value of same
Amount loaned on collateral
Amount loaned on
*
19,096,541
securities
9,369,289
personal securities
1,121
Overdrafts
Due from directors or trustees
£*7“ A neat file-cover is furnished at 50 cents; postage on the same is 20
Volumes bound for subscribers at $1 50.
13?“ A complete set of the Commercial and Financial Chronicle—July.
1865, to date—is for sale at the office. Also one set of Hunt’s Merchants’
cents.
Magazine, 1839 to 1871, sixty-three volumes.
Real estate
-Cash
on
represented among
W. Jones.
..
deposit in banks or other moneyed
institutions
hand
Other assets not
£5?“ The Business Department of the Chronicle is
Financial Interests in New York City by Mr. Fred.
Due from banks
Cash on
1874.
included in either of the above
heads
Add for cents.
135,200
223,772
1,255,417
4,255,143
164,718
2,007,688
31
$57,716,109
Total resources
Liabilities.
NEW LEGISLATION ON OUR MONEYED INSTITUTIONS.
general savings bank law on which
we offered some suggestions last week
the New York
Legislature passed at its late session several other finan¬
In addition to the
cial
measures
which merit
more
attention than they appear
Capital paid-in
Surplus and other profits
Deposits in trust
General deposits
Other liabilities not included in either of the above heads
$11,762,040
4,797,196
22,249,857
16,230,434
2,687,059
23
Add for cents
,?.
These statistics have the
* Total liabilities
$57,716,109
more interest, as they are
public. One of the new laws
relates to the trust companies.
These bodies have some very rarely published in a compact summary. It is
of them obtained at various times such exceptional and important to state that the new legislation which has
mischievous privileges that all special legislation about been enacted about them does not diminish the need for
them is looked upon with jealousy.
It is much to the general law of which we have been speaking. It
be regretted that the Legislature has not long ago rather confirms the demand for such a measure, and calls
adopted the policy of enacting a general law for the the public attention thereto. It provides that the trust
regulation of these valuable and influential institutions. companies shall have the power, under certain condi¬
This has often been proposed and it will at no very dis- tions, to reduce their capital stock where their capital is
to have
received from the
•>
532
THE CHRONICLE.
unimpaired; and they
are to pay the overplus to the
This is so reasonable a power that, under
stockholders.
restrictions for publicity and safety, it will of
course be
incorporated into any general law that may be
hereafter passed. The conditions laid down in the act
proper
before
us
are
that two-thirds of the stockholders shall
assent and that
majority of the directors shall pass
the reduction into effect. As a
further precaution the Superintendent of the Banking
Department is to make an examination of the assets and
liabilities, and direct that such reduction be made if he
be satisfied by his examination that no public interests
will be compromised and that the safety of the bank will
not be impaired.
The provisions of the act are also made to apply to the
banks of deposit and discount. This extension to banks
of the provisions of a law made for institutions of a very
different nature is open to serious objection. It violates
one of the fundamental canons of financial
legislation.
Moreover, the power to reduce their capital which was
already conferred by law upon the banks seems sufficiently
ample without any extension. This is evident from the
subjoined extracts. We quote from the laws of 1859,
a
resolutions to carry
sections 2 and 4
:
Section 2. Whenever a banking association shall propose to
reduce its capital stock, according to the provisions of the first
section of this act, due notice thereof shall be given to the superintendent of the banking department, signed by a majority of its
board of directors, and accompanied by the written assent to such
reduction, of at least two-thirds in amount of the shareholders of
such association.
It shall be the duty of said superintendent, upon
the receipt and filing of such notice, and within a reasonable time
thereafter, to make or cause to be made, an examination of its
books, property, effects and liabilities; upon which examination
the officers thereof may be examined on oath as to the debts, lia¬
bilities, property and effects thereof. From the result of such
examination the said superintendent shall determine the value
in his judgment, of such property and effects, above and beyond
the debts and liabilities aforesaid, and certify the same in writing,
and the amount
so
determined aud certified shall be thereafter the
capital stock of such banking association, and the
shares thereof shall be proportionally reduced.
par
Section 4. The determination and certificate in
made by the said superintendent, of the amount
capital stock of
any
value of the
writing, to be
to
which the
banking association has been reduced under
this act, shall be recorded in the office of the clerk of the county
in which such banking association shall be located, and a certified
thereof filed in the bank department of the State of New
York, and the same shall be published by the said superintendent
once a week for six weeks successively in the State paper,
and at
least onfe newspaper in the county where such association shall be
located, at the expense of the banking association applying for
such reduction of its capital stock.
Under the new law the German-American Bank, one
copy
of the
most
1875
opposite to the United -States Treasury. The new
offices are nearly completed, and include a library which
is to be supplied with all the best standard works on
banking and finance. It will be a natural centre to which
country bankers will repair on visiting jthe city.. The
more
widely the practical knowledge is diffused among
our banks of the
principles and methods of our Clearing
House system, the more will unity be promoted and
bad banking be checked. The New York Clearing
House was founded in August, 1853, That of London
has been in existence ever since about 17*75, and it has
just made its one hundredth annual report. The first
manager of the New York Clearing House was Mr.
George D. Lyman, by whom its mechanism was per¬
fected ; and it remains now pretty much as he left it.
For reasons that need not be here detailed, Mr. Lyman
did not adopt the London method which, as we shall
presently show, seems inferior in some respects to ours,
although it has received some improvement of late
years. The last annual meeting of the New York Clear¬
ing House reported that since its establishment it has
made exchanges between our city banks to the amount
of $411,730,484,840 87.
The transactions for the year
ending 30th September, 1874, were as follows: Cur¬
rency exchanges, $20,850,681,962 82; currency balances,
$971,231,280 73; gold exchanges, $2,005,245,673 44 ;
gold balances, $315,521,895 39. These transactions
11886543--ES735490267.
If
have
been
pare
the aggregates of the London Clearing House, we
effected without loss
or error.
we com¬
find that the amount of business done since 1869 amounts
$155,545,145,000, while the business of our New
Clearing House amounts to $190,863,749,010 dur¬
ing the same, period of six years. Hence, as has been
pointed out, the exchanges of the London Clearing
House from 1869 to 1875 show an aggregate less than
that of its New York namesake by 35,318 millions, or
nearly 6,000 millions a year.
to
Yrork
1853, TO OCTOBER, 1874.
Average Daily
Av. Daily
OPERATIONS FOR TWENTY-ONE YEARS—OCTOBER,
Cct.to Oct.
Currency
Exchanges.
Cash Balances
Paid.
$5,750,455,087
5,362,912,098
$297,411,493
289,694,137
334,714,489
365,313,901
314,238,910
363,984,632
380,693,438
353,383,944
415,530,331
677,626,482
6,906,213,328
8,333,226,718
4,756,664,386
6,418,005,956
7,231,143,056
5,915,742,758
6,871,443,591
14,867,597,848
Exchanges.
Balances.
$19,104,504
17,412,052
$988,073
940,565
1,079,724
1,182,245
1,016,954
1,177,943
1,232,017
22,278,107
‘
26,968,371
15,393,735
20,867,333
23,401,757
19,269,520
22,237,681
48,428,657
77,984,455
84,766,040
93,541,195
93,101,167
92,182,163
121,451,392
90,274,478
95,133,073
105,964,277
1,151,087
1,344,758
2,207,252
2,866,405
3,373,827
3,472,752
prosperous of our new Clearing-House
24,097,190,655
885,719,204
banks, has reduced its capital from two millions to one
26,032,384,341
1,035,765,107
million, and several other banks in the State have
28,717,146,914
1,066,135,106
28,675,159,472
1,144,963,451
3.717,413
adopted the same course. Besides the law we have just
1,125,455,236
28,484,288,636
3,642,249
passed in review there is an important bill to amend the
8,637,397
37,407,0 8.986
1,120,318,307
general law relative to Building, Mutual Loan, and
27,604,539,4C5
1,036,484,521
3,365,210
29,300,986,682
1,209,721,029
3.927,665
Accumulating Fund Associations, which passed both
33,844,369,568
1,428,582,707
3,939,265
Houses, but has not as yet, we believe, been signed by
33,972,773,942
111,022,137
3,765,921
1,152,372,108
20,850,681,962
971,231,280
3,173,958
68,139,483
the Governor. As this measure attempts a much needed
The New York Association consists of sixty banks.
reform in regard to the publicity of the affairs of these
institutions, and requires them to report to the Super¬ Besides these there are fourteen other banks that clear
intendent in January every year, so that an annual through members of the association.
The number of
statement of their financial condition can be given to the New York banks connected with the Clearing-House is
Legislature, the bill is favorably regarded in the finan¬ seventy-four, with an aggregate capital of $84,122,100,
cial circles, and it is expected to receive the signature and deposits of 232 millions.
In 1853 the number of
the banks was forty-eight, with an aggregate capital of
which alone is wanted to make it a Jaw.
$47,880,900, and deposits of 39 millions. “On the day
T1IE NEW YORK CLEARING HOUSE AND ITS NEW MOVEMENT. when the Clearing-House commenced business,5' says
One of the most notable institutions of our
banking Mr. Lyman, in one of his early reports, “about 2,700
system, the New York Clearing House, is about to opened active accounts, on the ledgers of the Asso¬
assume a new position
among us.
It has bought a com¬ ciated Banks were balanced, the most for the first time,
modious edifice for its own use instead of continuing a and all of them finally. The business which had ren¬
tenant, as heretofore.
This building is conveniently dered necessary this, large number of accounts was
situated at the corner of Nassau and Pine streets, thenceforth
accomplished more quickly witli less annoy
June 5,
1875.]
THE CHRONICLE
533
Clearing-House in Lombard street,
possession of his
exchanged
that are drawn
labor. The incidental benefits far exceeded the expec¬ upon his constituents, the balance on the one side or the other is
tations of those who projected the establishment. It paid in cash or Bank of England notes. By this contrivance the
bankers of London are enabled to settle transactions to the extent
has strengthened the entire banking system of the city; of several millions a day, by the employment of not more, at an
it tends to prevent sudden contractions and expansions; average, than £200,000 to £300,000 of cash or bank-notes.”
Since this was written by Mr. McCulloch further econo¬
makes the business Of banking more uniform, regular
and safe; while the banks themselves are really more mies have been effected, of which we are not precisely
independent. Each bank now regulates its own affairs informed. Since the Bank of England joined the Clear¬
have not been
•/
by the daily position of its balances with the Clearing- ing-House in 1804 the dailv settlements
House; knowing that its debtor balances must be paid made by payment from the debtor to the creditor banks.
The inspectors of the Clearipg-IIouse pay and receive
every day in full, and that its credit balances will be
received in the same way. As the daily movements of these balances. They have a drawing account with the
each bank in the association can be known by inspecting Bank of England for this purpose. The differences are
the accounts of the Clearing-House, each bank knows paid by means of a species of checks called transfer
The
how to govern its exchanges with its associates, and may tickets, which are of two colors, white and green.
former shows that the bank is debtor, and has to pay a
conduct its own business with entire independence of
other banks. Under the old mode, banks had no means balance to the Clearing-House; the latter that the bank
of knowing each others’ situation. The Clearing-House has to receive a balance, and is creditor. The settlement
books show this, and are open to all the members. The begins every day, half an hour later than that of New
value of such information must be evident to all. This York, and is prolonged to a much later hour in the day.
association of the banks gives strength to them all. No Precisely at half-past 10 a clerk from each bank arrives at
bank which does not manage its business on a safe basis the Clearing-House in Lombard street, and delivers a
and according to the true principles of banking will be parcel to each of the clerks of the other banks whom he
finds there, receiving from each a similar parcel in return.
received or retained by the Association.”
As to the methods of settlement they are too well These parcels contain the bills and checks which each
When these bundles of
known and have been too thoroughly tested to require bank holds against the others.
defense or criticism from us. They have been adopted obligations have thus changed hands between him and his
with some modifications at Boston, Philadelphia, Balti¬ fellows, the clerk goes to his own bank. He returns at
more, Cincinnati, St. Louis and other cities in which the half-past 2, and repeats the same process of exchange,
thirteen American clearing houses have been set up. after which he leaves the Clearing-House until a quarter
The chief peculiarity of the system is that every account to 5, when the business closes and the accounts are made
is balanced each day to a cent.
This exactitude we up. If any bank refuses to honor the drafts upon it, it
believe is not reached in the adjustments of the London must do so before 4.55 p. m.; otherwise it is held to have
itself liable on them to the Clearing-House. Each
Clearing House. Another point of superiority is the made
bank keeps an account at the Bank of England, and the
very great dispatch with which the clearing business is
done.
In ten minutes from the time the procession be¬ inspectors of the Clearing-House also keep one, the use
of which is stated above. The London Economist has
gins its march around the clearing hall, sixty messen¬
gers from as many banks have finished l^heir work. Each just published the report for the year ending 30th Aprff
1875. The aggregate, clearings are greater than those of
messenger holds in his hands a statement just signed for
him by the sixty settling clerks. This document with its any previous year, and amount to £6,013,299,000, showing
an increase over last year of £19,713,000.
The increase
signatures is the voucher to his bank that he has faith¬
over 1872-3, again, is even less, the aggregate in that
fully delivered all the checks confided to his care. Within
the brief space of ten minutes three thousand packages year having been £6,003,335,000. The business of the
of checks have been distributed by a method which more Bankers’ Clearing-House, after an enormous expansion
than twenty years of experience have proved to be effi¬ between 1867 and 1872, has thus been stationary for
cient, safe and free from the ordinary dangers of loss three years, one of the best proofs which could be given
or error.
To show the saving effected it has been esti¬ of the check to business and of the fall of prices recently
mated that the same work of exchange without the in England. The aggregates compare as follows with
Clearing House machinery would employ each messenger former years:
BUSINESS OP THE LONDON CLEARING-HOUSE, 1868-75.
On Consols
On Fourths of On Stock Exchange
Total tor the
not less than two hours, involving much exposure in passSettling Days.
Settling Dags.
the Month.
Year.
£132,293,000
£444,443,000
pig through crowded streets from one bank to another. 1867-68
£147,113,000
£3,257,411,000
142,270,000
550.622,000
161,861,000
3,534,039,000
Supposing each bank employed one messenger the rela¬ 1868-69...,
148,822,000
594.763,000
168,523.000
3,720,623,000
tive time occupied would be as ten hours is to ten days 1869-70...,
169,141,000
635,946 000
186,517,000
4,018,464,000
1870-71....
233,843,000
942.446,000
229,629,000
of twelve - hours each.
In other words there is a 1871-72...,
5,359,722,000
243,561,000
1,032,474,000
265,965,000
6,003,335,000
1872-73...,
260,072,000
saving of nearly 92 per cent in the time alone. Besides 1873-74....
970,945.000
272,841,000
5,993,586,000
260,838,000
1,076,585,000
255.950,000
this there is the saving of the risk incident to the carry¬ 1874-75...,
6,013,299,000
ing large amounts of cash daily through the streets, a
TAXING NATIONAL BANK STOCK.
saving from error in counting, and a saving of loss from
counterfeits. In addition to these economies we may
With regard to taxing national bank stock many
mention the general saving in the amount of currency Questions
have from time to time arisen, which we have
required to do the business of the country. On this point on previous occasions noted. The chief points of in¬
Mr. J. R. McCulloch in his Commercial Dictionary has terest in the discussion relate mainly, first to the place
the following remarks :
where the tax may be levied, and second to the valua¬
“ By far tbe largest proportion both of the inland bills in circula¬ tion of the stock for the purposes of taxation.
tion in the country, and aleo of the foreign bills drawn upon Great
Evidently any State is limited in its power of taxation
Britain, are made payable in London—the grand focus to which all
the pecuniary transactions of the Empire are ultimately brought to persons, property or business within its jurisdiction,
to be adjusted. And in order still further to economize the use of
and in the absence of all law to the contrary, personal
money, the principal bankers of the metropolis are in the habit of
bank officers and with greater safety to all con¬
cerned, while there was an immense saving of time and
ance
to
a clerk each day to the
who carries with him the various bills in the
house that are drawn upon other bankers, and having
them for the bills in tbe possession of those others
sending
o
...
...
,..
...
...
...
...
...
#
•
584
THE
property follows the person of the
tax must
owner ;
be levied and collected where the
CHRONICLE
that is, the
owner
taxed
of the
as
interest is, the result contended for
necessarily follow. The money invested in a
money at
would not
property resides.
[June 5,1875.
Still, by statute, there may be a sep¬ bank is not money put out at interest. The
money of
made, so that any kind of personal property the bank is so put out and the share of the stockholder
shall be taxed at the place where it is
actually located. represents his proportion of that money. What the
Shares of stock in national banks are
personal property. amount of this share is must, in some form, be ascer
They are made so in express terms by the act of Con¬ tained in order to determine its taxable value. If the
gress under 'which such banks are organized.
1$ Stat. nominal or par value of the stock necessarily indicated
at Large, 102,
§ 12. They are a species of personal this amount, there might be some propriety in
making
property which is, in one sense, intangible and incor¬ that the taxable value, but, as all
know, such is not the
poreal, but the law which creates them may separate case. The available
moneyed capital belonging to a
them from the person of their owner for the
purposes bank may be diminished by losses or increased by accu¬
of taxation, and give
them a situs of their own. This mulated profits. Therefore, some plan must be devised
has been done.
By section 41 of the national banking to ascertain what amount of money at interest is
actually
act, it is in effect provided that all shares in such banks, represented by a share of stock. The State of
Pennsyl¬
held by any person or
body corporate, may be included vania has provided that this may be done by an official
in the valuation of the
personal property of such person appraisement. There certainly is no apparent injustice
or
corporation in the assessment of taxes imposed under in this. It is not the amount of money invested which
State authority, at the place where the bank is
located, is wanted for taxation, but the amount of moneyed
and not elsewhere.
13 Stat. at
Large, 112. This is a capital which the investment represents for the time
law of the property.
Every owner takes the property being.
subject to this power of taxation under State authority,
Other plans may be devised to accomplish the same
and every non-resident,
by becoming an owner, volun¬ end—that is, to determine the amount of the investment—
tarily submits himself to the jurisdiction of the State in but it was held sufficient for the purposes of that case
which the bank is established for all the
purposes of tax¬ that the plan adopted by the Pennsylvania Legislature was
ation on account of his
ownership. His money invested not unreasonable. If a shareholder is not satisfied with the
in the shares is withdrawn from taxation under the
original appraisement all he has to do is to appeal to the
authority of the State in which he resides and submitted Auditor-General, make known to him the actual condi¬
to the taxing power
of the State where, in contemplation tion of the affairs of the
^)ank, and have the error, if any
of the law, his investment is located.
The State, there¬ exists, corrected. The plaintiff did not
see fit to avail
fore, within which a national bank is situated has juris¬ himself of this right which he had. He
preferred to
diction, for the purposes of taxation, of all the share¬ rest upon his belief that the act of Congress limited the
holders of the bank, both resident and
non-resident, and power of assessment to the par value ; and the Court
of all its shares, and
may legislate accordingly.
held that the law could not be so interpreted.
But the valuation of the stock for taxation is a
point
about which there has hitherto been more
question. A
FINANCIAL REVIEW OF MAY.
recent case, however,
(Hepburn vs. School Directors of
the Borough of Carlisle,
Pennsylvania) in the United in During the month of May there was exhibited a growing ease
money, with a superabundance of funds offering at very low
States Supreme Court holds that such shares
may be rates, both on call and on commercial
paper. On call, money was
valued for taxation by a State at an amount exceed¬
offered freely at 2 per cent on government collateral, and loans
ing their par value. It seems that the State of Penn¬ for the whole balance of this year at 3 per cent; choice com¬
sylvania passed a law providing for an official appraise¬ mercial paper of three and four months time was eold as low as
ment of the value of the stock to be
made, taking care 3£ per cent, and at 4 per cent transactions were numerous.
Investment securities of the best class, and especially United
to prevent abuses
by declaring that such appraisement States
bonds, were in active demand at high prices, and the
shall not be higher than the current market value of the
transactions in Governments footed up a large amount,
nearly all
stock at the place where the bank is located, and
by the permanent investors being home purchasers—chiefly savings
giving an appeal to the Auditor-General, who is author¬ banks, trust companies, insurance companies, &c.
ized to inquire into the value and correct
CLOSING PRICKS OF GOVBRNMKNT SECURITIES IN MAY, 1875.
any errors that
In this case the stock under this enact¬
may appear.
-Coupon bonds.—
5s’81 fund. 6s’81 6s’81 5-20s 5-20s 5-208 5-20s 5-208 5-20s 10-408 10-408 68
ment of the Pennsylvania
Legislature was appraised at May coup. reg. coup. 1862. 1864. 1865. 1865. 1867 1868. reg. coup. cur.
new.
an amount
.xll6
exceeding its par value. Asr is well known 1
,...116
121% 123%xll6%
117%
2
the shares of national banks can not
123
115% 121% 123%
119% 121% 123
115% 117
123%
according to the 3
4
121% 123%
121% 123%
117%
123%
act of Congress be taxed at a
greater rate than is as¬ 5
115%
123%
121% 123% 123% 116%
6
121% 123%
115% 122
116%
123%
sessed upon “ other
moneyed capital” in the hands of 7
122%
116% 117% 119% 122
123% 123% 116% 117% 123%
aration
....
....
....
....
.
....
....
..
...
....
....
individual citizens of the State. Hence it
on the
argument that “ moneyed
was
contended
capital” as here used
put out at interest, and that as such
signifies money
capital is not taxed upon more than its par or nominal
value, the par value of these shares is their maximum
taxable value.
The
Court, however, held (Chief-Justice Waite deliv¬
ering the opinion) that it could not concede that money
at interest is the
only moneyed capital included in that
term as here used
by Congress. The words are “ other
moneyed capital.” That certainly makes stock in these
banks moneyed capital, and would seem to indicate that
other investments in stock and securities
might be in¬
cluded in that descriptive term.
But even if it were true that these shares can only be
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
124
122
S
122% 123% 116% 118
122% 123% 116% 118
116% 121%
116% 118
116
119%
116% 122%
122% 124
....
123%
122%
120
S
in’
116%
121%
116%
124% 117
...
118’
123%
116% 117% 183%
124
121% 123% 123% 116%
121% 123% 123% 116%
123%
118
116% 118
118
....
122
121%
124
116%
....
....
122
123%
.
122
120% 122
120%
122%
122%
122%
122%
...
.
•
...
...
117% 123%
123% 123% 116% 117% 124
123%
124%
...
123% 123% 116%
124%
123% 123% 116% 117% 124%
124
116% 117% 124%
124
124%
116%
124
116%
124%
124
124%
....
.
..
..
..
.
....
.
....
124
118
122%
122% 124% 123% 116% 118
122%
117*
122% 124%
...
124’
124%
124%
117
122%
30
31
(Holiday.)
pen’g 116
121% 123% 116% 117% 119% 121% 123
1 23
igh’stin
122% 124% 117%. 118% 120% 122% 124% 124
115% 121% 123% 116% 117% 119% 121% 123
123
owest
122V 124V .117
118% 120% 122% 124% 124
116
117% 123%
117
118 124%
115% 117
1J3%
117
118
124%*
June
CLOSING PRICKS
for
mon.
5-20, 5-20,110-40
’65 o. 1867.i
ll
•April.
MAT.
OF CONSOL8 AND U. 8. SECURITIES AT LONDON IN
.Cons U. S.
Date.
Cons U. S.
for
5-20, 5-20, 10-40
mon.i’65 o. 1867.
|
Date.
11
2
3
4!
Holi day.
94
94
105^109^1104
10534 1093<)104
5 94 ;105* 109>4 ‘,10*
9 3% 105?4 109>4 104
6
7 93% 106 '10934 104
8 9334 108 110934 104
ql
10| 9334!106
Tuesday —11; 94 j106
Wednesday.. 12 9434 106
.
Thursday.. ..131
141
Friday
151
Saturday
Sunday
16'
Monday
IT j
Tuesday
18 j
Wednesday.. 19;
94
106
I
!10934 104'
!; Saturday
22
23'
....24 9334110634 10934 10434
10634 10934 104*
Tuesday
25 94
Wednesday...26; 94)4! 106* 10934 10434
Thursday
27! 94 1062i110934 10134
Sunday
Monday
28! 9334 10634110934 104
29 9334 10634!10934 104
Friday
Saturday
110934 10354 Sunday
30
..j
10934 104
109341104
9434 106
94>4!106
104
9334 10534,10934
9334 10634 10934
9434 1083a 10934
9134 10534 10734
High’t. I Since
f Jan. 1.
Lowest
10334
Boston Water Power...
Canton
15*
62*
15*
Cent., N. J., Ld.& I.Co.
35
Maryland Coal
Spring Mountain Coal..
....
MarVsaLd & M. Co
do
do a*s't paid
do
do pref
do
do d<* asst pd
10534
10234
1-
minated towards the close, on the appointment of Mr. Jewe tt as
receiver of the Erie Railway, which took place on the 26th of the
month. There had been a considerable rise in stocks during the
preceding months, accompanying the remarkable upward
movement in Union Pacific, which sold at 36 in January last, and
some re-action in prices was naturally to be looked for.
The
depression, however, was greatly assisted by special influences
which affected the values of several of the most prominent
stocks, and through these the whole market. The “ freightwar’’ beiween the presidents of the Baltimore & Ohio and of the
Pennsylvania railroads was one of the principal depressing influ¬
ences, and through the excessively low rates made by the com¬
petition on all transportation over the East and West trunk lines,
had an injurious effect on the earnings of the roads named, and
of such roads as Lake Shore, Michigan Central, Erie, Wabash,
and Clev. Col, C. & I. In addition to this, there was a disagree¬
Gold
ments
was
6*
104
64
69*
15*
70*
69*
17*
68*
37
6
*5*
5*
7*
6*
7*
7*
6*
35
3
7
6*
4*
20
18*
27 >4
101
between the Pacific Mail and the Panama
ment
test
to
over
Railroad, and
a
complete their proposed agreement for traffic; a con¬
directors; the
the election of Milwaukee & St. Paul
non-negotiation of a $4,000,000 loan by the Western Union Tele¬
graph Co. ; the failure of the Wabash stockholders to do any¬
thing for the relief of that company ; and finally, the collapse of
Erie.
RANGE OF
STOCKS
IN
APRIL AND
MAY.
The
following table will show the opening, highest, lowest and
closing prices of railway aud miscellaneous stocks at the New
York Stock Exchange during the months of April and May :
April.
,
,
Railroad Stocks. Open. Hieh. Low.
105
Albany & Susquehanna 105
105
Atlantic & Pacific pref..
Central of New Jersey..
1134
112*
103
Chicago & Alton
do
scrip... 100
do
pref... 108*
Chicago, Burl. & Quincy 11334
Chicago, Mil. & St. Paul 38)4
do
do
do
do
do pref. 5634
& Northwest’n 45
do pref. 57*
& Rock Island. 106
18
120
108
102
112
119
40*
5934
4534
58*
Cleve.,Col., Gin. & Ind..
62
106*
62*
Cleve. &
92
94*
Pittsburg guar.
Columb., Chic. &Ind. C.
5*
Del., Lack. & Western.. 110*
Dubuque & Sioux City.. 56
Erie
30*
do preferred
43*
Hannibal & St. Joseph..
26
do
pref. 33
Harlem
130*
do
pref..
128
Illinois Central
102
Joliet & Chicago
Kansas Pacific
7
Lake Sho. <te Mich.South 7334
Louisville & Nashville. 36*
....
Michigan Ceutrai
75*
7
123
56
32*
44
29
35*
121*
Pitts., F. W. & Chi.guar 97
do
special
90
Itenssalear & Saratoga.. Ill
It L., Alton & T. H
8
do
do
pref
St. L.,Iron Mt.& South.
St. Louis, Kan. C. & N
do
do
pref.
Second Avenue.
:
Terre Haute & Ind
Tol., Wab. & Western..
do
Union Pacific
Warren
pref
.
ItllNcellaueouN.
Pacific Mail
American District Tel..
Atlantic & Pacific Tel...
Western Union Tel
54
1C2*
91*
60
105
17*
114
108
102
110
116*
37*
57
4i
55
105*
61*
94*
,
104
104
17*
37*
56*
42
54*
105*
103
88
94*
94*
6*
120*
4*
56
61
61
28*
42*
24*
30*
30*
30*
44
41
41
30
128
106*
101*
25*
31*
134
128
105*
....
27
7
23
75*
36*
70*
36*
70*
36*
70
73
73*
25*
31*
....
105*
25*
31*
23*
70*
....
....
105*
72*
*j.
.
103*
64*
....
....
•
.
.
.
.
.
....
•
....
....
....
92
119
300
300
130
92*
119*
87*
....
300
300
180
10 >34
100
102*
102*
128*
130
13 *
140
139
130
7
1C5
140
5
100*
26*
26*
58*
57
55
47*
57
55
29*
172
98
90
111*
8
17
2-3*
119
96
90
111
7
25
17
to
a
moderate
There
extent.
make gold
such
a
....
28
45
70
130
70
130
28
70
130
100
144
140*
27*
54*
55
58
158
99
70
130
97*
....
....
....
46
50*
130
97*
8
25*
22*
9*
24*
25*
20
7
44
36
20
7
36
9*
•
•
•
....
«
...
....
14*
14*
14*
20
20*
20
99
20
63
95
S9
44
28
45*
41*
44*
28
28
28
25
28*
80*
24*
76*
26*
26
79*
79*
76*
44*
.
.
.
.
....
....
8*
71*
99
74*
99*
45*
32*
33*
....
....
78*
26*
80*
p.
O
i6*l!
May
*•
“
“
“
“
4..4.87*@4.88
5..4 87*@4.88
6. 4.37*@4 88
7..4 87*@4.83
8..4.87*@4.88
“
“
“
3 days.
4.69*@4.90
4.89*@4.90
“
“
4.90*@4.91
4.90*@4.91
4.90*@4.91
4.90* @4.91
4.90*@4.91
4.90*@4.9l
4.90 @4.90*
4.84* @4.90*
4.89*@4 90*
4.89*@4.90*
“
“
“
S
9
“
days.
May 17. 4.86*@4.S7
18. .4.86*@4.87
19..4.80*@4.87*
20..4.86*@4.87*
“
2I..4.86*@U87*
“
22..4.86*@4.87*
“
4.90*@4.91
S
2
3.. 4.87*@4.88
1875.
60
3 days.
“
4.90*@4.91
4.90 *@4.91
12..4.87*@4.88
4.90*@4.91
13..4.87 @4 88
4.90 @4.91
14..4.87 @4.87* 4.90 @4.90*
15..4.86*@4.S7
4.89*@4.90
10..4.gl*@4.88
11..4.87*@4.88
“
“
“
“
“
S
23
24.. 4.86* @4.87* 4.89*@1.90*
25. .4.86* @4.87* 4.89*@4.90*
26..4.86*@4.87*
27. 4.86*@4.87*
28..4.86*@4.87*
29..4.86*@4.87*
4.89*@4.90*
4.89*@4.90*
4.89*@4 90*
4.89*@4.90*
S
30
31
Holiday
S
16..
4.89*@4.91
4.86*@4.88
Range
THE DEBT STATEMENT FOR MAY, 1875.
following is the official statement of the public debt as
appears from the books and Treasurer’s returns at the close of
business on the last day of May, 1875:
The
Coin.
Character of Issue.
5s of 13*8
6s of 1881
tiSj Oregon
War
6s, 5-20’s of 1862
6s of 1881
6s
5-20s of 1864
6s,
6s,
6s,
6s,
6s,
5s,
5-20s of 1864
5-20s of 1865
5-2us of 1865,
Auth’rizing
Act.
June 14, ’58
Feb.
8, ’61
March 2, ’61
J nly& A.,’6l
Feb. 25, ’62
March 3, ’63
March 3, ’64
March 3, ’64
June 30j ’64
March 3, ’65
new. March 3, ’65
March 3, ’65
March 3, ’65
5-20s of 1867
5-20s of 1868
Funded Loan, 1881 July 14, ’70
J!
si
1ST4
1880
1 81
1881
1882
1881
1904
1884
1884
1885
18^5
1887
1883
1881
Interest
6
Periods. N
33
J.
J.
•r.
j.
M.
J.
M.
M.
M.
M.
J.
J.
J.
& J.
& J.
& j.
&• J.
& N.
& J.
«fe S.*
& N.
& N.
& N.
& J.
& J.
& J.
Q.—F.
Bonds
Outstanding.
Registered.
a
$260,000
b
13,786,000
Coupon.
d
d
d
d
d
d
d
d
d
d
d
$4,619
666
945,000
c
53.679,900
63,453,400
82.481,050
21,320,100
141,514,000
53,051,400
125,862,950
a, 067,100
946,600
25,341,500
33,787,000
58,107,950
88,6 i 3,250
14,183,000
203,353,150
32,704,700
118,747,350
144,555,150
222.109,500
23,291,000
192,448,300
....
«*
15
100
100
.
15
18
18
,
H*
....
<u
o
rH
a
...
days.
1.. 4.87 *@4.68
5s, 10 40’s
....
21*
44
was or
o>
4*
100*
113*
22*
7
although
*5
Debt bearing: interest In
8
21
W)
....
7
16*
77*
....
scarce,
combination
1875.
STERLING EXCHANGE FOR MAT,
“
....
....
15*
78*
21 *
46
49
122
99*
....
44*
165
o
60
17*
130
4*
distinct
no
was
Date.
,C
8
102
140*
27
5S
£
63
6*
107*
98
90
7
25
22
63
7
101
130
300
295
130
Foreign exchange was quite steady, with the nominal rates of
leading drawers unchanged at 4.88 and 4.91 for long and short
point
sterling respectively, until the 14th, when a reduction of
was made.
There was nothing of unusual interest to disturb the
course of
exchange except the shipment of a considerable
amount of Erie shares, and towards the close rates were again
high enough to admit of coin exports.
25
21
21*
57*
o>
..
88*
5*
116*
101*
-
quite strong during May, with a renewal of ship¬
of coin
,
“
98
21*
57*
6*
105*
158
111*
100*
87
119*
115*|
“
...
87
119
300
295
130
92*
121*
64
51
—
54
28*
50
6*
7*
15*
21*
101*
Saturday
1 115*! 115* 115* 115*j [Tuesday
25 116*;116
Sunday
2j
!'
j ...
[ Wednesday ..26 116 115* 116*
Monday
3 115 }115 ,115* 115*'. Thursday ....27116
116* 1
28) 116*
4!115*!ll5*,115* 115* Friday
Tuesday
116* 116*
Wednesday.. 5 115*,115*jll5* 115* Saturday.... 29 116*
30
Thursday.... 6!ll5*)ll5*lll5* 115* Sunday
Holi day.
31
Friday
7,115*'115*|115* 115* Monday
Saturday
8 115* jll5*| 11534 11534
Sunday
9
115* 115
116* 116*
May, 1S75.
Monday
10 115* 1115* 115*
1874
112* 111* 113* 112*
Tuesday
11 115* 115*1115* 115*
1873
117* 116* 118* 118*
Wednesday 12 115* 115*jll5*
,H5*!
1872
112*'112* 114* 114*
Thursday... 13 115*'115* 115*|11534|
1871
111^.111 |112*!11134
14 11534 115* 116* U5*
Friday
1870
115* 113*1115* 114*
Saturday... .15 116
115*; 116* 115*!
1869
134* i 134* 144* j 138*
Sunday
16
1868
Monday
116 !116* 116
17 116
139*; 139* 140*1189*
1867
135*'135 1138*; 136*
Tuesday
18;116
11534 116* 116*
1866
325*'125* 141* 140*
Wednesday. 19116* 116* 116* 116*
1865
145* 126* 145*) 137
Thursday....20116* llfi*!ll6* 116*
177
168 1190
1864
;190
Friday
2M16*|115* 116* 116*
1863
151
145*1154* 145
Saturday
22.116* 116* 1116* 116*1
1862
102* 102*; 104* 103*
Sunday
23;
j
i
Monday
241116* 116* 116* 116*liS’ce Jan. 1,1875 112* lll*!ll7 116*
“
134*
....
....
130
8*
105*
7
....
.
98
25
72*
9*
102*
72*
20*
28
133
98
98
16*
25
13
21*
100*
63*
56
114
6
6*
7*
26
55*
5*
6
19*
56
....
c,
61
61
137
133
116*
’b*
7*
51
....
O
51
88*
65
a
101*
46
65
63*
92*
121*
....
Date.
“
52*
100*
62
62
56
128
27
78*
42*
55*
105*
68*
*
17*
fan
“
54*
37*
32
70
63*
COURSE OF GOLD IN MAT,
112*
32*
55*
38*
112*
38
59
69*
17*
would be formed.
103
105
111
15
108*
*
17*
63*
development of a clique movement to
there were, at one time, rumors that
103*
105
110
118*
6
103*
14*
108 *
103
17*
114
107
105
111
113
114
107
105
110
113
6
119
130*
25
64
95-
May.
,
Low. Clos.
Open. High.
5*
no*
....
Morris & Essex
100
New Jersey
130
New Jersey Southern...
8*
N.Y.Cen. &H.R
10034
do N. Haven & Hart. 139
Ohio & Mississippi.. ...
28*
do
pref. 58*
Pacific of Missouri
50
do
107*
112*
36*
56*
41*
138
Missouri. Kan & Texas
Panama
13*
110
103
100
Clos.
46*
70
19
26
103
29*
two
failure
46*
64
114
Clos.
49*
....
7*
6*
7*
4*
7*
9
26
33
104
49
64*
61
United States Trust Co.
Manhattan Gas
Union Trust Co
69*
15*
8
32*
18
62
7
do
pref
Adams Express
American Express
United States Express..
49*
18
72
37
8
226
Clos.
45*
3*
Quicksilver
104
market declined heavily, and the depression cu
The stock
50
19
70
Del. & Hud. Canal
9424110634110934 10434
Closing
46
19
70
Wells, Fargo Express...
104
jIO534!10934
94
Highest
Lowest
....
Holi day.
10634j10934
31 9334
1109* 10334 Monday
10934 10334
110934 104
Opening
9434 106
9434 10634 10934 104
10934 104
9434U06
10934 104
94341106
94
!10634 10934 10434
(Thursday ....20
jiFriday.
21
Consolidation Coal
.
May.
Open. High. Low.
,
Open. High. Low.
i
Saturday
Sunday
Monday
Tuesday
Wednesday..
Thursday ....
Friday
Saturday
Sunday
Monday
535
THE CHRONICLE
5, 1875.]
•
.
•
22
23
71*
71*
Ae°Tegate of debt bearing interest in coin
*$762,508,3)0
$959,610,950
The sizes or denominations of each issue of bonds are as follows: (a) Coupon
$1,000, registered £5,0 )J. {b) coupon $1,000, registered $1,000, $5,000, $10,000.
(c) $50, $100 and $500. (d) coupon, $50. $100, $500 and $1,000, registered, same
and also $5,000 and $10,000.
*
Coupons of $50 and $100 bonds are paid annually in March.
On the above issues of bonds there is a total of $7,017,591 of interest overdue
and not yet called for. The total current accrued interest to date is $26,433,09 9
Debt Bearing
rates of discount are about one
Interest in Lawful Money.
Principal. Interest
3s, Navy pension. Act July 21,’63, Int. appl’donly to
4s, Certif’s of indebtedness, Act July 8, ’70, Due in
$14,000,000 $175,000
pens'ns
6,780
678,000 !
1875....
14,678,OOol
$181,780
interest in lawful money.... $
Debt on Wblcb Interest Has Ceased Since Maturity.
There is a total amount of overdue debt yet outstanding, which 1ms never
been presented for payment, of $7,315,810 principal and $218,449 interest.
Of
Aggregate of debt bearing
this amount
$5,293,450 is on the
“called” five-twenties of 1352.
Debt Bearing no Interest.
Outstand’g
Authorizing Acts.
Character of Issue.
July 17, 1861, and Feb. 12, 1862
U. S. legal-tender notes .. Feb. 25 and July 11, ’6 ?, and Mar. 3, 1863
Certificates of deposit.... June 8, 1872
July 17. 1862, Mar. 3, 1863 & June 30,1864
Fractional currency
Certify, for gold deposited Mar. 3, '63 [in $20, 50, 100,500,1,000, 5,000)
Amount
Outstanding.
Deut bearing Interest in Coin—
Bonds at 6 per cent
Bonds at 5 per cent
$1,722,149,250
Money—
19,910,600
f
Interest.
$33,450,686
$078,000
181,800
208,419
$14,678,000
7,375,810
$377,l;5,722
Demand and legal tender notes
Certificates of deposit.
Fractional currency
—
Certificates of gold deposited
55,345,00
week, and
of discount
as
very moderate demand for money during the
the supply of gold is increasing on this side, the rates
are
a
easier
as
$33,861,530
2,274,074,686
84,251.602
4,358,107
deposit
Special deposit held for redemption of certificates of
as provided by law
55,345,003
$143,9.54,710
2.130,119,975
2,131,309.431
...
Debt, less amount in the Treasury, June 1, 1875...
Debt, less amount in the Treasury, May 1, 1875
follows
:
Percent.
Percent.
23,594
$2,240,210,155
to date, including interest due
beneath those cur¬
England.
distinct.
We have had
Currency
Total
the Bank of
$490,007,095
_
quarter per cent
The official minimum remains at
3$ per cent; but in the open market the best bills are taken at 3£
per cent.
The demand for coin on Scotch and provincial account
having ceased, and there being no export demand for gold of any
importance, the bullion current is entirely in our favor, and there
[8 now some reason to believe in an increasing supply of gold at
the Bank of England. The trade accounts from some of the prin¬
cipal provincial towns report a somewhat improved feeling, but
without any material increase of business.
There are some who
are of
opinion that the trade of the country will now improve,
but a return of activity has been so long delayed, and in many
respects, the general position of affairs is still so much one for
anxiety, that it is doubtful if merchants and manufacturers will
evince any desire to depart from the cautious policy they have so
long pursued. The news from South America is by no means
encouraging, some leading houses having been compelled to
suspend' their payments ; and this circumstance, together with
the reported unsatisfactory state of the Eastern trade, is obviously
calculated to induce exporters to operate with considerable caution.
No doubt, when we have come to an end of the failures, increased
desire will be shown to purchase more freely, while at the same
time trade is likely to derive some encouragement from another
bountiful harvest, the prospect lor which seems to be pretty
rent at
f
43,615.773
19,910,600
interest.
Total
Total debt principal and interest,
not presented for payment
Amount in the Treasury—
Coin
43,615,773
14,000,000
—
Total debt bearing Interest in lawful money
Debt on which Int. has ceased since Maturity.
Debt bearing no Interest—
Total debt bearing no
Unclaimed interest
55,345,000
$1,131,516,500
590,632,750
Total debt bearing interest in coin
Debt bearing Interest in Lawful
Certificates at 4 per cent
Navy pension fund at 3 per cent
$71,722
377,064,900
f 496,007,095
Aggregate of debt bea ring no interest
Recapitulation.
1
[June 5, 1675.
THE CHRONICLE
536
|
3X1
Bank rate
4 months’bank bills
3V@3%
3%@3%
6 months’bank bills
4 and 6 months' trade bills. 3X@4
|
1
Open-market rates:
30 and 60 d ays’ bills
3 months’ bills
•
by the Joint-stock banks and dis.
deposits remain as under :
Per
The rates of interest allowed
couut
houses for
cent.
2X@....
2X^.
2^^
•Joint-stock banks
Discount houses at call
Discount houses with 7 days’ notice.
Discount houses with 14 days’ notice
..
...
favorable, the proportion of reserve to
being rather more than 40 per ceut against 37 per ceu
12,96 s, 205
last week.
Large repayments of advances have been made to the
Bonds I**tied to the Pacllic Railroad Companies, Interest
batik, but the increase in the supply of bullion is smaller than had
Payable in Lawful Money.
Balance of
Interest I Intelest
been anticipated.
This is due, however,to the Scotch and provinAmount
paid l) y 'repaid bv Int. paid
Character of Issue.
cial requirements, as well as to the temporary increase in the
by U. S. •
Oiitstaml’g. United St's tr’nsp't’n.
circulation, caused by the Whitsuntide holidays.
$25,885,120 $10,251,141 $1,166,697 $9,0,34,476
Central Pacific
Annexed is a statement showing the present position of the Bank
1,527,568
2,911,803 1,387,231
6,303,000
Kansas Pacific
7,562,403 of
27,236,512
11,067,229 3,504,826
Union Pacific
England, the Bank rate of discount, tlie price of Consols
39,42l
733,803
691,383
1,600,000
Central Branch, Union Pacific..
9,367
663,263
653,89 i the average quotation for English wheat, the price of Middling
1,170,560
Western Pacific
9,077
621,777
633,851
1,628,320
Sioux City and Pacific
Upland cotton, of No. 40 Mule yarn fair second qualitj,
Total
$94,620,512 $26,264,102 $6,116,596 $2 >,147.505 and the Bankers’
Clearing House return, compared with the
The Pacific Railroad bonds are all issued under the acts of July 1, 1862, and
four previous years :
July 2, 1864; they are registered bonds in the denominations of $1,00$5,0 >0
1875.
1874.
1873.
1872.
1-871.
$1,189,456
Decrease of debt during the past month
Decrease of debt since June 30, 1874
..
The bank return is
more
liabilities
—
payable January 1 a id July 1,
and $10,000; bear 6 per cent interest in currency,
and mature 30 years from their date.
Sngltsl) Nave
Cate3t Ulcmetarn anJr (fiaiuwerctal
HA IKS dF
EXCHANGE ON LONDON.
LATEST
ON
TIMS.
-
Antwerp
Hamburg
May 21.
ll.37Xail.42X
20.80 @20.84
20.80 @2(984 !
32 5-16@32 7-16
,,
,
....
....
St. Petersburg
Cadiz
48X@;8X
90
days.
3 months.
Genoa
Naples
Valparaiso
•
52%@52X
•
Penang
Singapore..
.
.
.
•
•
*
•
•
•
•
•
May 2!.
60
20.62
33 1-16
•
....
....
.
4,9. id.
5s.
7X@Xd.
•
•
...»
•
•
May 20.
•
6
May 18.
May 6.
May 14.
-
*
•
•
*
mos.
....
....
V
•
•
.
.
•
•
«
•
•
.
,
Is. 10 5-16d.
Is. 10 7-16 a.
4s. 2ytd.
5s. 9\d.
....
4s. Id.
.
.
.
.
....
...
[From
..
our own
May 19.
May 21.
3 mos:
....
9GX
111.10
correspondent.]
London, Saturday, May 22, 1875.
Blight increase of firmness which was apparent in the money
market last week has disappeared, and in the open market the
The
10,080,958
10,468,005
9,159,093
20,751,535
20,723,048
21,615,835
21,242,113
5 i>. c.
6 p. c.
4 p. C.
93X.
[93X.
3X P-f94X.
58s. lOd.
56s. 4d.
<Xd.
llXd.
55s. lOd.
8
93^.
62s. Id.
15,606,724
10,263,690
24.547,709
2X P- c.
93
The
abroad
the rates for money at the leading cities
13,384,025
24,860,913
8Xd.
42s. 2d.
WIs. O&d
following
are
:
Bank Open
rate, market,
per cent, per cent
Paris.
Amsterdam
Bank
Brussels
Turin, Florence
3X
3X
celona
Lisbon and Oporto..
St. Petersburg
3X
3
4
3
3X
4X
3X
Leipzig
4X
6
6@S
4
3X
Genoa
Geneva
New York.
Calcutta
4X
3X
Rome
Bremen
4X
In the bullion market there has been
a fair supply has been sent
dollars have realized 5Gd., and fine bar
gold, and
Open
market
per cent, per cent.
rate.
4
Madrid, Cadiz and Bar¬
$1 87
....
•
17,715,290
Hamburg
....
•
18,723,678
17,247,746
13,308,829
22,033,956
17.810,666
12,958,741
17,112,789
Is. 2d.
Is. 1X<L
Is. OXd. Is. 3Xd.
quality
Clearing House return. 76,415,000 98,619,000 141.834.000 141,751,000 119,503,000
Berlin
Frankfort
Viennaand Trieste....
days.
18.188,693
13,905.461
27.400,369
5,442,644
17.029,594
13.588.116
26,036,271 26,558.067
6,785,152
12.359,050
18,478.783
20.62
•
....
is. pxa&tf. 1 |
Is. 9
.
Constantinople
*
*
...
Alexandria....
.
.
•
....
.
....
it
...
.
....
Calcutta
Hong Kong...
Shanghai
ti
£
£
£
£
25,835,917
10,291,2:3
Other deposits
,
Government securities.
Other securities
Reserve of notes and
coin
Coin and bullion in
both departments....
Bank-rate
Consols
111.13
—
60 days.
Bombay
....
short.
.
.
«...
•
...
..
t*
•
.
....
!
•
•
....
11.76
25.22
20.45
25.19
52X@52X
....
Pernambuco
Montevideo...
3 mos.
short.
.....
*
....
4
it
%(
...
....
....
RATE.
52X@52%
....
New York
Rio de Janeiro
Bahia
Buenos Ayres..
“
.
.
,
Lisbon
Milan
short.
May 21.
.
Paris
Paris
Vienna
Berlin
TIME.
DATE.
short.
11.15 @11.16
1
3 months. 25.50 @25.55 !
20.80 @20.84 !
short.
25.17Xa25.27X
3 months. 25.45
@25.52X
Amsterdam...
Frankfort
RATE.
-
English wheat
Mia. Upland cotton....
No.40 mule yarn fair 2d
KXCHIVBB AT LONilON, AND ON LON AMIN
AT LATKST OATES.
EXCHANGE AT LONDON—
MAY 21.
,
Circulation, including
£ '
bank post bills
24,453.777
Public deposits
8,989,026
and
5
3X
no
4
5
....
4X
4X
3X
3X
4%
414
4@5
export movement
in
into the bank. Mexican
silver is quoted at 56| to
5G£
per ounce.
The periodical
sale of bills on India was held at the Bank of
Wednesday. The amount allotted was £700,000, of
which £478,000 were to Calcutta, £211,000 to Bombay, and £11,000
to Madras.
Tenders on all Presidencies at Is. 9fd. received about
7 per cent, and above that quotation in full. The result shows a
England
on
further diminution in the demand for means of
East.
’
remittance to the
June 5, 1875 ]
537
THE CHRONICLE.
Redm.
abridged account of the report of the Erie Railway Company
Louisiana, old, 6s
Do
has been received this week by telegraph. In it it was stated that
new, 6s
Do
levee, 8s
the London Banking Association (limited), held, either separately
Do
do 8s
Do
do 6s
or conjointly with Mr. James McHenry, £508,431, being the balance
Massachusetts, 5s
of the proceeds of the issue of second consolidated mortgage bonds.
Do
5s.......
Do
5s
In reference to that statement, the London Banking Association
Do
5s
An
..
posted on Wednesday the following statement denying that it
holds any balance belonging to the Erie company:
Do
Do
Banking Association (Limited), 57 Old Broad-street, London,
May 19.
The Secretary of the Share and Loan Department, Stock Exchange—Sir.—
The attention of my directors has been called to a statement in the telegraphic
message just received by you from- Mr. Jewett, the President of the Erie Rail¬
way Company, in which he states that his company has “abalance of £50$,431,
In the hands of the London Banking Association and Mr. James McHenry, to
meet cla’ms which cannot be recognized by (Erie) com; any.” I am desired by
my directors to state that this Association neither separately nor jointly with
Mr. McHenry, nor in any other way, holds any balance belonging to the Erie
Railway Company.—I am, Sir, your obedient servant,
Arthur V. Marrab,
meetiug of Louisiana bondholders was held
which the following resolutions were passed:
A
at
1st. That,
on
whilst adhering to the protest against the arbitrary reduction of
Srincipal and interestthe Funding Law of January, 1874, the State of Louisiana
the provisions of imposed upon holders of bonds of the bondholders now
y
assembled, having considered the present state of affairs, and the report of
their Committee, appointed at the general meeting, held in March, 1874, are of
opinion that the outstanding bonds be presented for conversion under pro¬
tect, and that on receiving satisfactory evidence of the conversion the Council
of foreign bondholders be invited to issue certificate s of claim for the loss forced
upon the bondho ders. 2d. That the funding be effected through the medi¬
um of well-known bankers and firms doing business with the United States,
who ure willing to use all necessary formalities for preserving anauth nticated
record of the whole operation in respect of each bond funded so as to entitle
the holder to a certificate of claim against the State, capable of future proof.
3d. Thnt the Council of foreign bondholders be hereby requested and author¬
ized to adopt all measures that may seem necessary or advisable to them for
enenring the co-cperation of the various committees of bondholders for obtain¬
ing a quotation of the certificates of claim upon the various stock exchanges
and bourses, and to incur the necessary expenses.
After
week of hot
weather which gave a
stimulus to
growth of vegetation we have had this week a somewhat
copious fall of rain, together with a much lower temperature
The rain was much wanted, as it is important that we should raise
large crops of grass and feeding stuffs for our cattle. Were we
to have a dry summer, a large proportion of our flocks and herds
would be sent to market in a half fat condition, tbe result of which
would be that iu the autumn the farmers and graziers would be
far from anxious sellers, and butchers’ meat would thus be forced
up to a still higher price. Should we have an average fall of rain
during the next few weeks, we shall no doubt secure a good crop
of grass, while other feeding stuffs would give the promise of an
excellent yield.
Taken as a whole, the harvest prospect is a good
one, for not only do cereals promise well, but there are indications
of a large yield of fruit and hops.
From the principal fruit grow*
ing counties the accounts are most satisfactory and the hop plan¬
tations are luxuriant. Last week the vine made such rapid prog¬
ress that every available band was secured'to tie it to the poles.
There has been no change in the price of wheat this week, the
only alteration being a fall of Is. per quarter in oats of which
liberal supplies have been lately coming to hand.
The following figures show the imports and exports of cereal
produce into and from the United Kingdom Bince harvest, viz.,
from September 1 to the close of last week, compared with the
corresponding period in the throe previous years :
a
summer
1872—3.
work
Oats
Peas
11,740,186
7,233,914
822.521
1,017,317
5,023.174
Indian Corn
Flour
3,058,988
11,336,063
4,835.572
1,908,984
14,268,323
4,977,9.3
Barley
Oats.’.
Peas
Beans
Indian Corn
Flour
.
....
..
173,612
184,442
52,784
17,038
1,827
42,573
104,580
250,216
78,131
10,100
2,301
106.631
on
the masters’ terms.
Money and Stock Market.—American securities have
price during the past week.
The bullion in the Bank of England has increased £288,000
during the week.
7,64?
20,807
51,804
T a es.
93%
94%
93%
x92%
106%
109%
106%
109%
104
104
102%
102%
104
10 2%
93%
account
93%
0. S. 6s (5-20s,)1865,old.. 106%
44
“
1867
109%
U. S. 10-408
New 5s
The quotations for
Wed.
Thur.
Fri.
*2%
92%
106%
109%
92%
92%
106%
109%
93%
106%
109%
104
104
104
102%
102%
102%
x
92%
United States 6s (1862) at Frankfort were:
U. S. 6s(5-20s) 1862
Liverpool Cotton Market.—special report of cotton.
Liverpool Breadstutfs Market.—Corn and peas show a falling
compared with last week’s closing quotations. The market
closes quiet.
off as
Mon.
8.
d.
Sat.
p.
21
8
9
9
31
39
(Red Winter).... 44
(Cal. White club) “
d.
21
8
9
9
31
39
0
2
0
1
0
6
Tues.
8.
d.
•
21
8
0
2
0
1
30
38
Thur.
21
8
9
9
30
38
0
2
0
1
9
6
9
9
3
6
Wed.
8, d.
31
8
0
2
0
1
8.
9
9
9
30
6
33
Fri.
d.
0
2
0
1
d.
0
2
s.
21
S
9
9
80
S3
9
6
0
1
9
6
Liverpool Provisions Market.—Pork closes the week at a
31., and lard and cheese
decline of Is., bacon at an advance of
lower.
Mon.
Sat.
d.
70 0
8.
Beef (mess) new $ tee
Pork (mess) new fflbbl...
Bacon (long cl. mid.)p cwt
Lard (American)
...
Cheese(Araer’n fine)
74
51
63
56
“
“
0
3
3
0
Wed?
Toes.
d.
8.
70 0
d.
70
74
51
63
55
8.
0
0
3
0
0
73
51
63
6
55
J
Thur.
d.
d
70 0
73 0
PI
6
8.
•
"
70
73
51
63
55
3
0
0
0
0
6
0
0
Fri.
dO
70 0
73 6
s.
62
54
8.
51
62
64
9
0
6
0
0
Liverpool Produce Market.—Tallow is 3d. lower than last
Friday, and refined petroleum is off £d.
s.
d.
s.
Fri.
d.
Tuee.
s. d.
Mon.
Sat.
d.
Wed.
s. d.
Tnnr.
a. d.
8.
56
18 0
56
18 0
56
18 0
56
18 0
Rosin (common)...
$cwt.. 56.5 6
(ine)..
14
18 0
18 0
Petroleum! reflnod)... .$ ga!
9%
9%
(spirits)
8
8
Pallow(American)...# cwt. 40 6
40 6
Cloverseed(Am. red).. 44 37 0
37 0
Spirits turpentine..... “
25 0
25 0
44
44
40
9%
8
6
37 0
25 0
9%
8
40 6
37 0
25 0
9%
40
8
3
87 0
25 0
9%
8
40 3
37 0
25 0
Markets.—Compared with last Fri¬
day’s quotations, the following changes are noted—a decline of
£i in linseed cake, a decline of 4s. in linseed, and a decline of £2
in sperm oil.
London Produce and Oil
2,098,442
14,762
5.041
Mon.
Sat
Consols for money
44
Sat.
2,335,815
69.877
49
London
13,023,505
273,645
12,711
16,399
6,233
1,840
30,576
15,806
1,697,914
45,195
cwt.
..1905
advanced in
£
EXPORTS.
Wheat
100
30
@102
30 @ 33
49 @ 51
...
@102
@102
@102
@ 83
@ 51
daily closing quotations in the markets of London and Liver*
pool for the past week have been reported by cable, as shown in
the following summary:
9,459 836
7,011,527
576,412
2,527,552
1.207,369
1,926,598
10,482,0:3
....’
Beans
@102
The
28,572,68 4
0,960,173
7,130,858
Barley
1(10
100
..
English market Reports—Per Cable,
1871-2.
32,212,953
1873-4.
29,884,873
,.
...
@ 35
@ 35
@101
@ 99
@102
manufacturing districts is reported to be in a more
satisfactory condition, but no animation is apparent. The South
Wales dispute appears to be approaching its termination, it being
probable that after five months wrangling,the men will return to
IMPORTS,
1874-5.
...1888
1894
..1900
..1889
..1891
..1891
25
25
99
97
100
100
100
...
....
Trade in tbe
the
Wheat
....@
@
....
..1815
....
New funded 6s
Secretary.
Wednesday,
&
@
25 @ 35
25 @ 35
99 @101
99 @101
100 @102
100 @102
....
5s
5s
Do
May 15.
....@
....
Virginia stock* 6s
The London
May 22.
@
d.
a
Lins’dc’ke(obl).^ tn 10 10
Linseed (Calcutta)....
Sugar(No.l2D’chetd)
.
55
Linseed oil.,..^
cwt.
£
0 10 10 0
0
55 0
TueB.
a. d.
10 10
55
0
0
£
Wed.
Thur.
Frl.
8. d. £ s. d. £ s. d.
10 10 0 10 0 0
51 0
51 0
10 0 0
51 0
4
24 0
24 0
24 0
24
0 104 0 0 104 0 0 101 0 0 104 0 0 104 0
0 35 0 0 35 0 0 35 0 0 35 0 0 85 0
24 9
24 9
• 24 9
24 9
84 9
24
spot, $ cwt
24
Spermoil
$ tun. 101 0
Whale oil
35 0
”
on
Mon.
,fi s. d.
0
21
0
^
0
0
0
9
opened this week with a good appearance.
anh
English railways, especially, owing to the large increase in the
traffic on them, caused by tbe holidays, experienced a decided
Imports and Exports for the Week.—The imports this
week show an increase in both dry goods and general mer¬
rise; but tbe quotations have since declined owing to realizations
Erie shares were firmer on the publication of the report, but since chandise. The total imports amount to $0,357,343 this week,
tbe notice was posted in the Stock Exchange by tbe London against $5,844,895 last week, and $4,550,362 the previous week.
The exports are $4,268,064 this week, against $6,050,816 last
Banking Association, prices have declined. United States Govern¬ week and $4,106,551 the previous week. The exports of cotton,
ment securities remain firm.
The following were the closing the past week were 9,773 bales, against 16,486 bales last week.
prices of Consols and the principal American securities at to-day's The following are the imports at New York for week ending (for
dry goods) May 27, and for the week ending (for general mer¬
market, compared with those of last week :
chandise) May 28:
Redm.
May 22.
May 15.
The stock markets
Consols
United States, 6s
Do
Do
Do
Do
5-20 years,
-
.1981
Do
Do
,.1882
..1884
..1885
..1885
6s
6s
6s
6s
U. S. 1867,$371,346,350 iss.
5s....
funded, 5s
Do 10-40, Bs
Miscellaneous News.
Commercial
to Feb. 27,’69, 6s.
......
.1887
..1874
,.1881
..1904
93%@ 94%
@110
94%@
....
@110
102 @103
101%@102%
....@
....@
106 @106% 105% @106%
107%@108% 107% @108%
109 @109% 109 @109%
109
....
....
....@
....
102%@102%
103%@104%
rORKION IMPORTS AT NBW TOUR POR THU WEEK.
109
.
...@
....
102%@102%
:03%@iO4%
1872.
Dry goods
General merchandise...
$1,916,107
7,942,916
1873.
1874.
1875.
$1,057,804
$1,456,459
7,124,146
$1,536,400
7,820.943
$8,580,605
170,126,285
143,579,945
5,458,117
Total for the week..
$9,859,023
$6,615,921
Previously reported....
181,608,254
179,748,658
$1&1 467,277
$186,264,579
Sines Jan. I
$9,357,343
$178,706,696 $152,987,88
538
THE
[June 5, 18*5.
CHRONICLE.
A.. B. Baylis, who at the meeting of the directors on
In onr r 3port of the dry goods trade will be found the imports of the Drews.
Tuesday, was elected President of the board, in answer to a ques¬
dry goods for one week later.
The following is a statement of the exports (exclusive of specie) tion as to the withdrawal ol the Messrs. Drew said to a Tribune
from the port of New York to foreign ports, for the week ending reporter last evening : “ The fact is Daniel Drew has got down,
not perhaps in a financial sense, but his health has been poor, and
June 1:
has in a measure made necessary the action which he has taken.
KXFORTB FRO* NEW YORK FOR THB WEEK.
Nothing, however, so far as the Quicksilver Mining Company is
1872.
1874.
1873.
1875.
For the week
$5 3%,442
$5,158,171
$3,702,647
$4,268,064 concerned has influenced the action. His resignation lias been of
Previously reported..
81,837,538
111.328,636
112,68u,892
95,302,332 his own undivided motion, and the same may be said of his son
William Drew. The former held between 20,000 aud 30,000 shares
Since Jan. 1
$88,540,185 $116,725,078
$117,839,063
$99,570,396
of the stock of the company, and has entirely sold out, and this
The following will show the exports of specie from the port of without
overcrowding the market. William Drew was only a
New York for the week ending May 29, 1875, and since the small stockholder in the company. As to the company itself, its
beginning of the year, with a comparison for the corresponding condition has never been more favorable. Its surplus funds are
date in previous years :
all securely invested, and the property now gives promise of good
-.
$78,586
Silver bars
Liverpool
May 26—Str. Russia.
G*»ld bars
American g Id
Mexican riiver
50.U0O
coin...
*8,00u
....
12,(00
May 27—Str. Crescent City
May 27—Str. Frisia
Havana
Hamburg
Spai.i h gold
Silver bars
May 29—Str. Ville de Paris
May 29- Str. Brittanic
Paris
Liverpool
American gold coin...
50,000
American gold coin... 300,000
.
.
64,9( 0
15,0r<0
Silver bars
Mexican silver
Paris
London
174,680
19.747
Silver bars
141,90 4
Silver bars
May 29— Str. City of Brussels.. .Liverpool
16,940
Gold bars
American
gold coin...
2,560
300 000
26,793
Silver bars
London
Southampton...Mexican silver
May 29—Str. Neckar
American
14.000
gold coin...
300,000
$1,598,112
Total for the week
30,096,975
Previously reported
Total since January 1,
$31,695,087
1875
Same time in—
Same time In—
I
j
1869
$13,116,354
21.146,737 I 1868
26.717,264 j 1867
34,395,861(1866
13,452,669 |
37,159,712
17,255,788
33,256,779
$21,517,985
1874
1873
1872
1871
1870...
The
imports of specie at this port during the past week have
been as follows:
.Silver com
Gold coin
Gold coin
.Gold coin
Aspinwall
May 26—Str. Acapulco
May 27—Str. City of Vera Cruz..Havana..
May 28—Str. Thuringia
.Havre —
.'.
7.000
*
Total for the week
9,672
$52,749
*.
6,247,167
Previously reported
Total since -Jan. 1
$17,799
18,278
$6,299,916
1875
Same time in-
$2,280,541
1,787,481
706,535
3,043,880
1874
1873. '
1872
1871
Same time in1870
1869
1868
1867
returns.
—The Providence & New York Steamship-Company and the
Stonington Steamboat Company have recently been almorbed by
newly chartered organization called the Providence & Stoning
Steamship Company, with Captain D. S Babcock at the head
of the Executive Department, and Mr. L. W. Filkins as the Gen¬
eral Passenger Agent.
Captain Babcock has. been the President of
the Stonington Line for the past seven years, and by his capable
management has contributed in no small degree to Their unvary¬
ing success. Mr. Filkins hap also become well known in the
passenger department of the same line.
The lines will continue
running, and the freight offi *es and agents in t i< city remain as
heretofore.
The general offices will bt at No. 177 We*t street.
The company being in possession of the popular side-wheel
steamers Rhode Island, Stonington, aud Narrag«us“tt, besides
four other boats, will be able to offer superior facilities for pas¬
sengers and freight between this city and the Eastern States.
—Messrs. Bf bcock Bros. & Co., 50 Wall street, and Messrs.
G. G. Haven & Co., 17 Wall street have for sale the consolidated
mortgage bonds of the Lehigh and Wilkesbarre Coal Company
guaranteed and endorsed by the Central Railroad of New Jersey.
They offer these for sale at 97£ per cent. These bonds are due in
1900, bear 7 per cent, interest, payable quarterly, and are secured
by mortgage upon 25,000 acres of the best coal lands in Pennsyl¬
vania, as also by the positive guaranty of the Central Railroad of
New Jersey.
a
ton
—Messrs. Rollins Brothers & Co have taken offices on the corner
of Wall and Broad streets, and will continue the banking business,
giving special attention to deposit accounts and investment secur¬
ities.
The firm includes Mr. G. M. Rollins, fora number of years
with Henry Clews & Co., Mr. Chas. E. Pease, formerly secretary
the United States Life
of
$6,987,090
8,807,889
.
3 241.313
1,056,573
National Treasury.—The following forms present a sum¬
of certain weekly transactions at the National Treasury.
mary
Insurance Co., and other
members
representing connections previously with Kountze Bros, and the
National Trust Company.
—We take pleasure in calling attention to the card of Messrs,
E. S. Mud roe & Co., which will be found on the first page of the
Chronicle.
This firm, which has one of the finest offices in the
city, in the Drexel Building, corner of Wall and Broad streets, is
composed of Mr. E. S. Munroe, who is among the oldest members
Com cerof the Stock Exchange, and has had an experience of over 30 years
Bal. in Treasury. —, tifleates
For U. S.
in Wall street, and Mr. E. K. Willard who has also had a long
Coin.
Currency, outst’d’g.
Deposits.
Total.
18.482.200 401,177,450 70,769,067 10,486,039 28,070,200 experience in financial circles, and is a member of both the Gold
16.482.200 400,940,800 71,706,239 10,013,674 27,609,100 and Stock Exchanges.
1.—-Securities held by the U. S. Treasurer in trust
Banks and balance in the Treasury :
Week
For
ending Circulation.
Jan. 16.. 384,695,250
Jan. 2L. 384.458,600
Jan. 30
381,348,850 16.482.200 400.831.050
Feb. 6.. 383,663 250 16 633,200 400,296,450
Feb. 13.. 383,5:14,150 16.452.200 399,986,350
Feb. 20.. 392,469,650 16.452.200 398,921,850
Feb. 27.. 382.083,650 16,062.200 398,145,850
March6.. 382,359 150 16.152.200 398,511,350
March 13 381.602,450 16.152.200 397,754,650
March 20 381,339,950 16.302.200 397,692,150
March 27 380,896 950 16.302.200 397,199,150
April 3.. 380,619,600
April 10.
April 17.
April 24.
May 1...
380.683,100
379,881,600
380,217,600
379,506,900
May 8... 379,383.400
May 15.. 379,198,900
May 22.. 379,186,900
16.302.200
16.277.200
16,270,000
16.277.200
16.227.200
16.152.200
16,017,200
15.967.200
for National
67,987,072
8,643,037
9,013.000
23.517.800
21.816.800
70,610,776
5,673,475
21,724,900
69,070,765
74,000,000
9,830,000
22,000,000
by that of Chase & Atkins
76,200,225
78,836,738
8.148,509
22,142,100
the former
6,969,282
5,134,288
22,866,700
24,015,900
84,127,876
4,422,986
3,160,344
23,159,400
23.150.500
395,535,600
395,216,100
86.873,392
88,506,596
91.625,669
88,814,425
92,205,153
395,154,100
92,551,522
396,921,800
396.960,300
396,151,600
396.524,800
395,734,100
80,174,051
2,149,838 22.311.500
1,096,376 22,403,3'0
1,870,125 21,16(1,400
3,501,429 20.848 600
3,806,600 20,119.800
2.—National bank currency in circulation; fractional currency
received from tlie Currency Bureau by U. S. Treasurer, and dis¬
tributed weekly ; also the amount of legal tenders distributed:
Notes in ^—Fractional Currency.—, Leg. Tend
Week
Circulation.
3,241,481
3,535,671
3,324,361'
2,448,299
539,700
784,700
933 100
344,464,477
642,600
344,596,472
345,898,527
576,100
584,800
619,000
347,462,861
business the
same
a
; these gentlemen were connected with
number of years, and will continue the
Mr. Chase is extensively known
many years been a director as
of the Buffalo & Erie road. Mr. Atkins was
as
before.
through the State, lie having for
well
as
treasurer
formerly of Robinson, Cox & Co., when that was a leading firm
on
tlie street.
—By notice in our to-day’s issue. His Excellency C. C. Car¬
penter, Governor of Iowa, informs tlie public that on aud after
June 1, the principal and interest of all bonds over one hundred
dollars of the State of Iowa, known as the “ Iowa War and
Defense Bonds,” will be payable at tlie banking house of Messrs.
Kountze Bros., 12 Wall street, New York.
2,460,358
3,766,360
.
2,506 856
3.028,390
3,341,569
3.887,121
668,500
2,894,142
2,707,602
349.682.411
349.710.241
700,000
674.100
882.700
815,500
2,997.468
2,438.775
19
350,538,886
349.460,201
350,459,189
704.200
2,590,366
22
350,012,329
742,000
2,303,600
BANKING AND FINANCIAL.
RAILROAD BONDS.—Whether you wish to BT7Y or SELL, write to
HASSLER & CO., No. 7 WnU street. N.
MEN AND IDIOMS OF WALL STREET.—A new 72 page
1
8
347,049,106
347,269,876
6C4,600
book just issued
York.
349.286,226
Quicksilver Mining Company.—Tlie Tribune, June 4, says :
surprise was manifested in Wall street yesterday on
tlie announcement that Daniel Drew and his sou William Drew
had retired from the Quicksilver Mining Company, in which they
have been directors for some years.
Daniel Drew has lately filled
the position of President.
There was much conjecture as to the
cause of the resignation, but no official statements were given.
Abraham B. Baylis was elected President, and Geo. A. Hoyt and
Considerable
.John T. Martin will fill the vacancies caused by the resignation
Y.
explaining the vari< us methods of operating; highest and lowest prices for 17
years; complete list, of defaulted railroads, etc.~ will be sent free to any ad(bresx by JOHN HICKLING & CO., bankers and brokers, 72 Broadway, New
2,217.754
2.192.144
April 3
April 10
April 17
April 24
May
May
May
May
.
345,562,363
345,015,428
for
concern
Distributed. Dislrib’d.
263,900
801.500
Jan. 23
Jan. 30
Feb. 6
Feb. 13
Feb. 20
Feb. 27
March 6
March 13
March 20
March 27
Received.
350.256,446
ending
Jan. 16
—We notice a change in the old and well known firm of
Messrs. Robinson, Chase & Co.
Mr. Eugene N..Robinson and
Mr. William T. Morris both retire, and tlie old firm is succeeded
STOCKS
Dealt in at the New York Stock
five per
Exchange bought and sol I by us on margin
of
cent.
-
PRIVILEGES
to two per cent from market on members of the New York
Exchange or responsible parties. Large sums have been realized the past 30
days. Put or call costs on 100 ehares
$106-'25
Straddles $250 each, control 200 shares of stock for 30 days without further
risk, while many thousand dollars profit m > v be gained
Advice and informa¬
tion furnished. Pamphlet, containing valuable statistical information and
showing how Wall street operations are conducted sent
Negotiated at
one
FREE
To any
us.
address.
Address,
Orders solicited by mail 0F-wire and promptly
executed by
TUMBREDGE & CG.. Bankers and Brokers
No. 2 Wall street N. Y.
22..7710——‘NNBaalttiioomnnas:blury
Jane 5,
Uankera’
<£l)e
Closing prices daily have been as follows
<0>a?ette.
Int.
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
Shoe and Leather Bank of Auburn, Maine. Authorized capital,
$200,000; paid-in capital, $100,000. Ara Cushman, President; M. C.
Authorized to commence business May 27, 1875.
National Bank, New Jersey. Authorized capital, $75,000 ;
paid-in capital, $62,000. Henry R. Kennedy, President; John F. Wood¬
ruff, Cashier.
Authorized to commence business May 27, 1875.
Bank of Cortland, New York. Authorized capital, $100,000 ;
paid-iu capital, $100,000. James S. Squires, President; B. B. Woodworth, Cashier.
Authorized to commence business June 1, 1875.
1
-——
The following
DIVIDENDS.
Dividends have recently been announced :
PJER
Cent.
Company.
When
P’ablk.
Books Closed.
period.
29.
6s, 1881
reg.. Jan. A July. *123
6s, 1881
coup..Jan.& July. *124V
6s, 5-20’8, 1862
reg. .May A Nov. *117
6s, 5 20’s, 1862.^.. coup..May A Nov. *117
6s, 5-20’s, 1864
reg..May A Nov. *117%
6s, 5-20’s, 1864
coup..May A Nov. 118%
6s, 5-20’s, 1865
reg..May & Nov. *119%
coup..May A Nov. *120%
6s, 5-20’s,1865
6s, 5-20’s, 1865, n. i., reg..Jan. A July. *122%
6s, 5-20’s,1865 n. i.,coup.. Jan. A July. 122%
6s, 5-20’s, 1867
reg..Jan. & July. *123%
6s, 5-20’s, 1867
coup.. Jan. & July. *124%
6s, 5-20’8,1868
rep. .Jan. & July. 123%
6s, 5-20’s, 1868
coup . Jan. A July. *123%
5s, 10 40’s
reg. Mar. A Sept. *117
5s, 10-40’s
coup..Mar. A Sept. *118
5s, funded, 1881
reg ..Quarterly. *116%
5s, funded, 1881, ..coup....Quarterly. 117
6s,Currency
reg.. Jan. A July. *124%
(Days inclusive.)
*
Kailroadg.
3
Agricultural Branch, guar
Norwich & Worcester
Union Pacific (quar.)
June
5
to
Nassau Fire
10
:
May 31
July 5
Money
Market
week has been one
and Financial Situation.
6s, 1881
—
June
2.
1.
June
3.
120% *120
*119%
6s, 1881
6s, 5-20’s, 1862
June
4.
120%
*124% *124% 125% *125%
*117% *117% *117% *118%
*117% *117% *117% 118%
*117%
-3
•H
'o
w
118% *118%
118%
118% *118% *118% *118%
*119% *119% 120 *120%
*121
*121% 121% 122%
....*120
xll9% 120
123% 123% 123% 123%
*1:9% 120
*120%
124% *124% 124%
x
*120
*119% *120
124
124% *124% 124%
*117
*117% *117% 117%
*118% 118% 118% *118%
117% 117% *117% *117%
117% *117% 117% *117%
*124%
....
122
*xl22
*122%
122%
the Board.
amount of each class
follows:
,—Amount
Range since Jan. 1.
Registered.
Highest.
reg..118 Jan. 5 122% May 26 $193,328,850
8 125% June 3
coup.. 118% Jan.
3,067,100
coup
114% Jan. 2 118% Apr. 13
26,288,100
coup.. 116
Jan. 11 121 Apr. 27
coup.. 118% Jan.
8 122% June 4 33,737,000
58,107,950
new,coup.. 117% Jan. 8 123% June
88,613,250
coup.. 118% Jan. 9 124% June
14,183,060
coup.. 118 Jan. 9 124% June
141,514,900
..reg.. 113%Mch. 5 117% June
Lowest.
......
Friday, June 4, 1875—6 P. M.
The
81.
This is the price bid : no *aU was made at
Insurance.
:
June
The -ange in prices since Jan. 1, and the
of bonds outstanding June 1, 1875, were as
1
July 10
1 June 16
1% July
May
May
NATIONAL BANKS ORGANIZED.
Percival, Cashier.
589
CHRONICLE
THE
1875.)
June 1.—->
Coupon.
$
89,407,500
82,481,050
32,704.700
6s, 5-20’s, 1864
118,747,350
6s, 5-20’b, 1865
144,555,150
6s, 5-20’8,1865,
222,009.500
6s, 5-20’s, 1867
23,291,000
6s, 5-20’s, 1868
5s, 10-40’s
58 051,4C0
5b, 10-40’s
coup.. 113% Mch. 4 118% June
203,358,150 192,448.300
5s, funded, 1881....coup.. 113% Jan. 2 117% June
4 124% Apr. 24 64.623,512
8b.Currency
reg.. 117% Jan.
State and Railroad Bonds.—There
has been very little
The
of considerable activity and irregularity in
decided firmness in gold. The phases of the
market, of governments, and exchange, remain nearly the
money
same that we have recently noticed.
On call loans money is sometimes offered towards the close of
business at l to
per cent., but 2 to 3 per cent, is as low as it is
(done iu State bonds at the Boards, except in Tennessees, which
customary to make any regular quotation, and within that range
have been remarkably strong, and sold to-day at 54£ for the old
the supply offering is excessive.
The principal difference from bonds. This evidently shows an expectation in some quarters
previous weeks is not in the price of loans, but iu the enormous that the July interest will be paid. In our report of last week
blocks of money offered by the leading banks and other lenders an important though palpable error was made in omitting the
words “ of Alabama” after “ State Commissioners,” making it
at our quotations, showing how large is the accumulation of
appear that the Commissioner referred to was from Virginia
idle money in the hands of such parties.
Commercial paper is in instead of Alabama, Railroad bonds have been reasonably active
sharp demand at 4 to 6 per cent, for everything good, with ex¬ at steady prices ; Union Pacific bonds have been more active and
higher since the decision in favor of the company, and the effect
ceptional transactions on choice grades at
per cent.
of which, particularly as to the sinking fund bonds, seems to be
On Thursday the Bank of England reported an increase of
very important.
£288,000 in bullion for the week and the discount rate remained
The following securities, seldom or never sold at the Board,
unchanged at. 3£ per cent. Thfe Bank of France gained 14,136,000 were sold at auction this week :
francs in specie.
$35,000 Rochester City Water Loan 7 per cent Registered Bonds... 105@104%
$8,000 Bleecker Street and Fulton Ferry Railroad Company 1st Mort¬
The last weekly statement of the New York City Clearing
gage 7 per cent bonds.
74*4
House Bank.*, issued May 29, showed an increase of $3,007,600 in
35 Shares Metropolitan Insurance Company
76
the excess above their 25 per cent, legal reserve, the whole of $10,000 Evansville Terre Haute A Chicago Railroad Company 1st Mort¬
gage 7 per cent gold bonds, due 1900
75%
such excess being $16,631,715, ugainst $13,624,175 the previous
$2,000 Cumberland A Pennsylvania Railroad Company 2d Mortgage 6
week.
per cent bonds, due May 1, 1888
•
71
$3,000 Evansville Henderson A Nashville Railroad Company 1st Mort*
The following table shows the changes from the previous week
gage 7 per cent bonds
—
50
and a comparison with 1874 and 1873:
$1,000 New Jersey Midland Railway Company 2d Mortgage bonds, due
1873.
1875.
1874.
1891. Coupons from January, 1874 on
7
May 22.
May 29.
Differences.
May 29. May 31.
$4,000 Grand Rapids A Indiana Railroad Company 1st Mortgage 7 per
cent bouds, due 1899
60
Loans anadia. $293 600 800 $281,396,500 Dec. $2,204,300 $280,5.58,100 $277,958 800
848.000 25,517,400 19,482.000
Specie
lu,614,6i’0
11,482.600 Inc.
Daily closing prices of a few leading bonds, and the range
Circulation....
20,163.100
19 9:1.100 Dec.
242,000 26,727,500 27,447.100
Net deposits.. 232,129,700 232 8*0 900 Iuc.
761.200 232,404,30;) 208,136.500 since Jan. l.have been as follows:
-Since Jan. 1———>
June
stocks, and of
.
Leva! tenders.
61,022.000
63.371.900 Inc.
2,349.900
61,456,700
of transactions under the laws of. June
and Jan. 14, 1875, in regard to the national banks, is
A
summary
May
44.332.300
~
*11%
Ft Wayne 1st 7s.
Roca Iflld 1st 7s...
C. & N.W. gold 7s
old
..
May
21.
28.
June
4.
109%
106%
109%
106%
109%
104
101
104
102%
102%
102%
106
,
Since Jai1. 1, 1875
Lowest.
,
9
.
&
*103%
T3
..
w
*101%
.
91
100
*111%
*112
*110
86%
*115
103%
102%
9 (\
92%
100%
m
•iio%
x82%
....
*63%
44%
‘ *20%
*11%
*63%
4.
*52%
20
•63%
*44% *4-4 is
*32% *32% •32%
102% ’1(12% *102%
Lowest.
44
20
16
27
Mch. 27
Jan. 7
Jan.
Highest.
55% Jan.
29
16
55% Jan. 26 60% Apr.
36
Mch. 23 44% June
30
Mch. 20
85
5
Jan. 18
7
Jan.
S
2
Jan. 27
94% Jau. 14 102% May 27
117% May 17
*117% 111% Jan.
104
June 4
92% Jan.
103% ’103% 103%
90
Jau.
102% June 4
102% 102% 102%
90
Jan.
100% Mch. 3
*97
97
97%
92
94% Apr. 24
80% Ja
92%
92%
M
107% May 6
*100% *100% 100% 10.)
115
Apr. 9
*111% *111% *111% 107% Fe
112
May 12
*112
112
106% Jan.
’117
117
._
111
82%
111
82%
*111
82%
105
Jan.
79% Mch.
111
June
2
87% May 10
The stock market
Shortly after the opening of busi¬
ness on Tuesday (Monday being a close holiday) there was a rush
to buy stocks, which entirely changed the tone of depression
prevailing at the close of last week, and jumped up prices very
sharply, the most notable rise being in Union Pacific, which
touched 79£, the highest price ever made, and in Western Union
Telegraph, which went to 77f. This movement was started by
the decision of the Court of Claims in favor of the Union
Pacific Railroad, by which they recover upwards of $500,000
from the Government, and, what is far more important, secure
an adjudication upon the point that the interest on the bonds
received from the U. S. Government is not due till the principal
matures, thirty years from the date of issue.
It is reported that
the case will be appealed to the U. S. Supreme Court*
With the
turn in Union Pacific there was a general
purchasing movement
by those short of stocks to cover, and this gave an appearance of
strength which was comparatively temporary, and which was
subsequently followed by a reaction. Northwest was among the
strongest stocks, and it was reported that Jay Gould would be
represented in the new board of directors ; since the re-election
of the
old board, however, the price has fallen off to
38£, closing at
39$.
The Rock Island directors and
New York Central and Hudson directors were also re-elected this
week with very few changes.
The following is from the annual
1 report of Rock Island for the year ending March 31, 1875
has been active and
Highest.
105% Apr. 22 108% Apr.
107% Mch. 19 109% May
102% Feb. 13 105% Feb.
102
Apr. 19 103% Jan.
102%
*115
....
bid, no«al«was madeatche Board.
Railroad and miscellaneous Stocks.—
purchased by foreign bankers, but the
principal demand lias been as usual from conservative home
purchasers. On the 1st inst. the Secretary of the Treasury,
under his syndicate arrangements, issued a call for $10,000,060 of
five.-twenty coupon .bonds. The called bonds are coupon bonds
known as the Fourth series, act of Februarv 25, 1862, dated May
1, 1862, as follows: $50—No. 20,301 to No. 21,000, both inclusive;
$100—No. 51,601 to No. 59,100, both inclusive; $500—No. 27,501
to No 31,909, both inclusive; $1,000—No. 80,651 to No. 91,50(),
both inclusive.
Total—$10,000,000. Interest will cease on Sep¬
tember 1, 1875.
Closing prices of securities in London have bedn as follows:
May
*11%
*6:%
*43%
*32%
*102%
*62
*44
*33
3.
54
2
*52
•This lathe once
A few bonds have been
*20
5b
Applications were received by the Comptroller of the Currency during the
May lor the organisation of sixteen national banks, having a pro¬
posed capital in all of $2,150,000. Of these applications $300,0 )0 are for the
State of Vermont, $1,200,000 for Massac.huset s, $200,000 for New York, and
$250,000 for Kentucky. The amount of legal-tender notes deposited for the
purpose of retiring circulation daring the month of May is $1,391,000; $576 000
have been deposited by banks in the State of New York, $211,000 in Pennsyl¬
vania, $251,000 in West Virginia, $63,000 in South Carolina, and $79,000 in
Louisiana. The total amount of legal-tender notes deposited under the act of
June 20. 1874, is $20,948,000, of which $231,000 hive been deposited by banks
in Massachusetts, $6,145,000 in New York, $32,000 in New Jersey, $391,000 in
Penmylvan’a, $736,000 in West Virginia, $573,000 in South Carolina, $944,000
in Louisiana, *270,060 in Missouri, $116,100 in Indiana, $328,500 in I linois,
*400,000 in Michigan, $473,000 in Wisconsin, $810,000 in Iowa, and $630,000 in
Minne-ota. The Comptroller has advised the Secretary of th • Treasury of
the issue of $1,234,700 of additional national hank notes during the month of
May, eighty per cent, of which will be withdrawn in legal-tender notes. The
total amount <f circulation issued since the passage of the act of Jan. 14,
1875, is $6,170,000.
U nlted states
Bonds,—Governments have still been strong
and active.
The firmness in gold and call for more five-twenties
have been influences which stimulated the already active inquiry.
New 5s.
i
•51
*20
5b N. Car.,new...
month of
CL S. 6s, 5-20’s, 1866,
U. S. 6s, 5-20’s, 1867
U. S.5s, 10-40’s
*50%
Vlrg., consolld
2d8eries.
do
68 S. C., J. & J...
68 Mo. long bonds
N.Y.C.&H. 1st7s
C. Pac., gold 6s...
Un Pac., 1st 6s...
do
L’d Gr’t7s
do
S.F. 8a..
Erie 1st M. 7s
N. J. Cen.lst 7b..
31.
June June June
68 Tenn., news...
6a N. Car.,old...,
20, 1874,
given as
follows:
.
May
21.
5
6
2
excited.
540
Gross
receipts for the year $7,399,613 34 ; net earnings, $3,534,; dividends paid in April and October, $1,678,384; interest
on bonds, $630,000; rent on the Peoria branch, $125,000 ; surplus,
$1,109,899 73 ; nominal balance of income account remaining
April, 1874, $5,433,069 93; present surplus, April 1, $6,542,969 66.
The'Executive Committee of Western Union Telegraph have
283 83
recommended the directors to declare the usual 2 per cent, quar
tefly dividend at their meeting this week. At the close prices are
strong and several of the leading stocks at the highest of the day.
For the purpose of showing the total transactions of the week
in the leading stocks, we have compiled the table following ;
Pacific
Lake
Shore.
Mail.
May 29
West’n Chic. &
Union. N’west.
51,700
103,500
75,100
84,700
69,600
83,800
111,000
91,500
150.800
83.100
76,000
4
31,400
98,000
Total
Whole stock.
321,200
483,000
494,665
“
31....
June 1
**
2
“
3..
“
[Jure 5, 1875.
SHE CHRONICLE
..200,000
.
Union Ohio &
Erie. Pacific. Miss. Wah.
5,«00 26,500
H liday
5,800
2,800
700
2,100
4,200
101,300
21,400
18,600
10,900
36,400
12.100
10,900
69,500
42,000
49.400
6,500
7,000
4,200
58,900
12,109
9,400
19,000
2,500
500
800
469,200 68,800 95,300 185,700
337,856 149,930 780,000 367,450
23,000
8.300
200,000 150,000
able supply on this market. On gold loans a moderate
piice
has been paid most of the time for use. and to-day the rates were
2, 3 and 4 per cent per annum, and 1-64 per diem for borrowing;
also flat and 2 and 3 per cent for carrying.
At the Treasury
sale of $500,000 on Thursday, the total bids were $2,390,000.
Customs receipts of the week have been $1,681,000.
The following table will show the course of gold and
operations of the Gold Exchange Bank each day of the past
week
:
Quotations.
Open-Low-High-Clos<
ing.
est.
est.
ing.
Saturday, May 29....116% 116% 116% 116%
Monday,
“ 31
Holiday
Tuesday, June 1... .116%
Wednesday, “
2. ...116%
Thursday, “
3.... 116%
Friday,
“
4.... 117
Total
Clearings.
Balances
Gold. Currency
,
$42,451,000 $1,989,084 $2,315,513
2,(3
116% 116% 116%
27,730,000
1,237,625
116% 116% 116%
1,609,873
63,030,000
1,940,343
116% 116% 116%
117
117%: 117%
37,699,000
52,727,000
1,634,834
1,128,543
1,282,951
Current week
116% 116% 117% 117% $223,637,000
Previous week
116% 115% 116% 116%/ 199,121,000
Jan. 1,1875, to date... 112% 111% 117% 117%
....
Foreign Exchange.—The
at firm rates.
The only really
1,469,768
1,566,915
$
$
1,368,917 1,603,997
...
exchange market has been steady
The last line in the preceding table shows the total number of
important feature seems to be the
shares of each of the stocks, now outstanding, so that it may be shipments
of specie, actual and prospective, which are made
seen at a glance what proportion’of the whole stock has been
chiefly against the imports of U. S. five-twenty bonds that are
turned over in the week.
coming from Europe under the Sinking Fund call for $30,000,000.
The daily highest and lowest prices have been as follows:
It is generally thought that a large amount of these bonds will
Saturday, Monday, Tuesday, Wednesday, Thursday, Friday,
be paid in coin, which at the present prices of exchange will be
June 1.
June 2.
!M&y 29
June 3.
June 4
May 81.
H.Y.Cen.&H.R. ;ou% 101*
102
shipped direct. On actual business the rates to-day were i to f
103
103
100% 102% 102 103
103*
Harlem
*.... 134%
132
134
134
134
131
134
*133
134
below the asking prices of leading drawers.
Quotations are as
Erie
17
17
IS
18%
17% 18%
17% 13%
18%
18%
Lake Shore.... 57%
Wabash
8%
Northwest
38%
do
pref. 51
Rock Island... 101*
St. Paul
3<-%
do
pref.... 55*
At.* Pac.,pref. 15
Ohio & Miss...
22
Central of N.J. 108%
60%
8%
39%
3%
33
54
.
15
87
117
21
22%
79%
4*
4*
75
129
71%
77%
22*
23
*20’* 23"
33
36%
10'J* li 0*
*64
61%
64
51
Welle,Fargo..
15>*
117
130
United States..
35%
56%
21% 23%
107% 108%
21%
74%
5%
64
51
41
32
55
15
74%
23%
Quicksilver
*15
17
do
pref. 21* 21*
Pacific Mall.... 33% 34%
Adams Exp.... 101
101%
American Ex..
8%
53% 54%
100* 103%
102%
32*
55*
22%
110*
Del., L.& West U«* 117
Han. & St. Jos. 21
Union Pacific.. 73%
Gol.Chic.&l.C. *4%
Panama
130
West, Un. Tel. 71%
At. & Pac. Tel.
23
62*
57
82
50
86
51
86
59% 62%
8% 10
40
41*
54% 55
102
102*
33* 34%
56
16
58
60%
9%
39* 40*
*54
55%
102
1(2*
33
56%
22*
.
9%
33%
51* 55
16
24
22%
1(3% 108%
118% *118%
21% 23
20%
74% 79%
70%
4% 4%
4%
108
118
131
131
75% 77
23% 21
*14
21% 2:%
34% 36%
100% 101
63% 61%
61
50
50
55
55
74%
23%
24
75%
24%
23"
15
21
16%
22%
34%
100%
64%
100
59
32%
63*
42%
*89
85% 85%
follows:
,
60
Primebankers’sterling bills
London good bankers’ do
London prime com. ster do
34
41 @ 41%
94*%® 94%
94%@ 94%
94»4@ 94%
Prussian (reichmarks)
94%@ 94%
The transactions for the week at the Custom
Hamburg (reiclimrks).
Frankfort (reichmarks)
Bremen, (reichmarks)
Treasury have been
Custom
House
100
64
46
Receipts.
64%
May 29
This is the price bid and asked
: no
June
sale was made at the Board.
**
The entire range from Jan. 1,1874, to this date, was as follows
Jan. 1,1875, to date—
-Whole year 1874.
Lowest.
Lowest.
Highest.
Highest.
If. Y. Cen. <fc Hud. R...100 May
107% May 8 95% May 19 105% Mch. 11
Harlem
138
127% Jan.
Apr. 27 118% Jan. 7 134% Feb. 16
Brie
Dec. 10 51% Jan. 15
16% May
35% Mch. 29 26
Lake Shore
57
June
80% Jan. 2 67% June 19 84% Jan. 16
Wabash
8% May
21% Jan. 2 18% Dec. 29 55% Jan. 16
Northwest
48% Jan. 4 34% July 15 62* Jan. < 9
37% May
do
62% Jan. 2 51
Sept. 10 78% Feb. 9
pref
51% Mch.
Rock Island
100% May
106% Mch. 27 92% June 19 109% Feb. 9
81. Paul
32
May
40% Apr. 9 31% May 18 49% Jan. 10
do
48
51
Mch.
pref
59% Apr.
May 5 74% Feb. 9
Atlantic & Pacific pref. 12% Feb. 26 18
Apr.
10% Sept. 3 22 Feb. 16
Ohio & Mississippi.... 21
May 21 32% Jan.
21% June 17 36 Jan. 10
Central of New Jersey.105% Jan. 5 120
3 109% Feb. 10
98
Jan.
Apr.
99
Jan. 2 112% Feb. 10
Del., Lack. & Western.106% Jan. 2 123 Apr.
Hannibal & St. Jo
18% Jan. 22 30% Mch. 29 22% Sept. 7 34% Jan. 12
Union Pacific
36
Jan. 18 75% June 1 23
June 17 38% Mch. 30
Col., Chic, & I. C
8
4% May 21
9% Jan. 14
Sept. 3 32% Mch. 30
Panama
110% Jan.-21 172 Apr. 26 101 Apr. 20 118 Jan. 9
Western Union Tel
68
70% Feb. 17 80% May
Apr. 24 83% Dec. 10
Atlantic & Pacific Tel;. 19 Jan. 6 29% Jan.
14
Aug. 25 20 Nov 7
35
Jan.
Quicksilver
13 May 14
22% Apr. 28 86% Nov. 24
$319,000
31
“
“
1
342,000
392,000
2
3
4
348,000
280,000
,
do
pref
Pacific Mail
21
June
4
44
Jan.
29
J
nne
29
48
Nov. 27
30% Feb. 10 45% Apr.
33% Dec. 21 51% Sept. 30
Adams Express
Jan. 2 101% Mch,
98
92% Jan. 13; 120 Nov. 13
American Express
62% Jan. 7 65 Jan.
58% Jan. 21 65% Dec. 1
United States Express. 42% June 4 65
Jan. 11 60
Sept. 28 73 Feb. 9
Wells, Fargo & Co
79% Jan. 8 92% Apr. 30 69% Jan. 5j 84 Nov. 30
Railroad Earnings.—The latest
earnings obtainable, and
the totals from Jan. 1 to latest dates, are as follows :
Latest
earnings reported.
»
Jan.l to latest date.
Roads.
1875.
1874.
1875.
Central Pacific
Month of Apr.$1,355,000 $1,110,624 $4,339,000
Cin. Lafay. & Chic.. 3d week of May.
7,953
7,8S1
146,: 00
Denver & R. Grande. 3d week of May.
8.413
127,672
8,139
Illinois Central
Month of Apr.
586,716
586,962 2,182,596
Indianap. Bl. & W... Month of Apr.
Indianap. Cin.& Laf. Month of Apr.
Intern’l &Gt. North. 3d week of May.
Kansas Pacific
Month of Apr.
Michigan Central....3 weeks of Apr.
100,767
140,331
153,784
153,373
19,505
291,651
17,2.55
292,143
374,490
422.721
£62,801
134,954
Mo. Kansas & Tex... Month of Mch.
240.000
Mobile & Ohio
Month of Apr.
109,731
Ohio & Mississippi.. Month of Mch.
310,903
St. L. Alton & T. H.. 3d week of May.
15,602
do
branches. 3d week of May.
8,484
bt. L. I. Mt.& South.. 3d week of May.
81,990
St. L. & Southeast.. 3d week of May.
16,720
St. Paul & S. City,&c. Month of Mch.
42,551.
Union Pacific
1st 28 days May. 1,106,638
The Gold Market.—Gold has been
178,108
116,580
2,250,426
418,883
535,498
480,030
834,916
1,928.226
2,229,143
661.000
759.505
592,865
817,197
803.777
369,518
814.048
451.156
191.410
304,842
19,063
10,410
63,018
21,764
54,660
760,304
1874.
$1,645,649
•230,416
1,282,076
104,494
4,283,791
572,619
581,881
474,095
886,695
1,116,325
140,206
3,510,990
stronger and touched 117^
The principal cause for
this firmness seems to be found in the general expectation of
large shipments of coin in the immediate future ; there has been
more or less talk of
clique operations for some time past, but
nothing has been developed, and if any combination should be
formed for engineering a corner in gold, tlieir principal card
would be the alleged fscarcity of coin likely to arise from the
large exports.
So far this week the shipments of coin
have been about $1,000,000, with engagements for to morrow
to
day,
now
as
the highest point yet reached.
reported
at
$2,250,000.
Inasmuch
as
the
will be shipped in payment of United States
will come out of the stock in the Treasury,
to say how far it will occasion any scarcity
gold which
five-twenties,
it is difficult
in the avail¬
Total
$1,681,000
Balance. May 28
Balance, June 4........
INsw York
as
,
,
3 days.
4.90 @4.90%
follows:
4.89%@4.90
4.89 @4.89%
@4.8G%
5.17%@5.16%
5.17%@5 16%
5.17i4@5.16%
;
Swiss (francs)
Amsterdam (guilders)
“
•
4.85
Antwerp (francs)
June 4.
days.
4.86%@4.S7%
4.86%@4.86%
Paris (francs)
23%
22% 28%
108% *103%
lii"
118% *11
22
22
21
74*
71% 72*
4%
4*
4*
73% 75%
23
*15
*20
32
10(K
53% 62%
9% 9%
38% 40%
51% 51%
102% 103
32% 33%
5.13%@5.12%
5.13%@5.12%
5.13%@6.12%
41%@ 41%
95%@ 95%
95%@ 95%
,
95%@ 95%
95%@ 95%
House and Sub-
Sub-Treasury.
Receipts.
,
,
—«
Payments.
Gold.
Currency.
Gold.
Currency.
$319,061 00 $1,198,692 54 $181,595 88 $1,024,671 99
Holiday
593,705 27
946,924 23
105,353 96
851,694 31
849,829 26 *
842.585 93
831,550 43 1,716,034 66
425,986 00
767,952 67
679,910 00
813,741 27
528,254 55
345,900 04 1,265,823 13 1,338,500 26
2,524,481 57 5,021,978 5 0
52,952 492 00 47,279,581 65
52,337,043 04 47,367,188 37
City Banks.—The
3,139,930 53
4,934,396 78
following statement shows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on May 29,1875:
-AYKBAGJE AMOUNT OF-
Loans and
Legal
Net
Capital. Discounts. Specie. Tenders. Deposits
$9,316,200 $1,854,000 $1,450,700 $8,873,200
$3,000,000
5.6 )2:500
2.05U.00C
220.900
1,610,300
4.257.400
3.268.900
8,93 ’.,800
971.400
3,000,000
8.893.300
Mechanics’
237.500
1,(77,500
4.882.700
2,000,000
6,796,90j
Union
907.900
4.920,900
121,800
1,500,000
3,386,800
America
1.968.500
601,100
9.903,300.
7.696.400
3,000,000
Phoenix
176,200
357.500
1,800,000
3,791,300
2,444,9(0
City
576.500
2.631.100
1,000,000
5,213,900
5.469.100
Tradesmen’s
338.600
235.100
2.159.200
1,000.000
3,60 ,'00
Fulton
163.400
51S.000
1.398.300
600,000
1,735,700
Chemical
1*6,300
2.227.500
300,000
8.347,1 (X1
7.630.300
15,690
816.700
2,842,3‘JO
S,2:)6,900
Merchants’Exch’ge. 1,000.000
268.400
421.400
Gallatin, National..
2,019,100
1,500,000
3,88<:.700
Butchers’&Drovers^
84,0(0
478,000
800,000
2,457,000
1,808,000
Mechanics&Tradera
21.700
302.800
1,190,000
600,000
1.827,000
Banks.
New York
Manhattan Co
Merchants’
...
■
Greenwich
Leather Manuf......
Seventh Ward
State of N. York..
American Exch’ge.
Commerce
.
Broadway
Mercantile
Pacific
200,000
600,000
300,000
2,000,000
5,000,000
10,000,000
1,000,000
1,000,000
Republic
Chatham
People’s
North America
Hanover
Irving
Metropolitan
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Oriental
Marine
Importers’* Trad’rs
Park
Mech. Bank’g Asso.
Grocers’
North River.*.
East River...
Manufact’rs’&Mer..
Fourth National....
Central National...
Second National....
Ninth National.
First National
Third National
N.Y.National Exch.
Tenth National
...
Bowery National...
New York Co. Nat.
German American.
Dry Goods...
422,700
2,000,000
450,000
412,500
1.000,000
1.000,000
5(0,000
4,000,(00
6U(',0CU
1,000,000
1,000,0(0
1,000,000
1,000,000
1,000,000
1,500,01 0
300,000
4 00,000
1,500,000
2,000,000
500,000
300,000
400,000
350,000
300,000
5,000,00 0
2,000,000
300,000
1,500,(0C
500,(03
1,000,00 0
500,000
1,000,0( 0
250,000
200,000
2,000,000
1,000.000
995,7(0
3,279,800
1,029,900
4,8:30,300
12.780,800
18,896,9(0
5,59(,300
4,010,2(0
2,181,500
5,358,900
S.37M00
1.329.100
2.7:‘6,60C
3.752,4(0
2,377,000
11,347,'00
1,5 .-‘’,700
2,276,9(0
2.717.700
2,510,000
4,‘60.000
.8,038.400
4,336,400
1.601,'00
2,388,700
15 709,100
l4,9r,0.U>0
lJ3f]00
<32,6(0
l.OM JCO
1,010.000
<53,100
1 9,601,3(0
V^.WO
1,922,000
6,536,000
5,2o3,(i>0
5,559,600
1,4^4,000
2,00<.900
1,241.000
1,269,000
3,54S,400
2,199,300
2"6,i()0
23.700
245,300
418,600
376.100
36.600
83^600
8,500
769.900
80,300
600
57.700
72.900
5.000
711.500
.9,100
22,800
74.400
32,U0
.83,500
31.6(0
54,200
7.600
91,100
108.400
205,1 00
26,000
7.600
19,800
6,700
1,200
108.200
839.300
948,800
3,173,000
271.600
917.100
200
4.311.100
9,029,400
8,805,600
2.929.500
3,219,000
2,< 6 >,200
3.658.900
3,500,3(0
1,045,700
2.402.100
8,065,900
2,255,000
8,018,500
1,678,7U0
2,061,900
1,792,3U0
1,0 0,500
2.978.300
2.357,(00
5,135,800
690,000
633.400
556.500
787.700
956,2(0
13 >,700
426,000
623.600
548,000
1.830.100
378.900
2K.300
547.900
2:9,800
7*7,500
802,0,0
843,000
218.300
516,000
4.174,000
4,3 34,(00
3 9,300
135.400
130.600
154.200
192.600
4,764,600
1,682.000
1.651.400
3.501.700
1.157.100
2.313.300
16.756.800
17.590.500
963,900
593.100
815.700
662.700
528.000
667,400
16.433.800
6,390.000
1,654,0(0
114.300
1.407.900
6,228,(00
335,800
570,610
8,200
1,292,400
5.945.200
1.’.27.100
226.300
5,918,‘'(>0
943,8(0
1,094,000
878.800
11,000
2,300
497.700
225,dOO
293,000
1,14^,800
1,012.000
212.700
2C.600
252.800
Circula¬
tion.
$146,000
9,700
575,61)0
420,600
270.000
1,200
406,500
703.500
427,200
449.100
198,(00
186,900
2,700
223.700
166.700
831,500
697,400
2.040,800
682.100
450,600
844.000
274,400
5,5(0
285.700
146.700
285.800
131.900
8,900
225,0(0
717,000
781.700
4,6(0
551.500
4,000
251.000
488,000
299.500
192,300
2,106,700
1,384,(00
135,0(0
513,80(1
45,000
49.400
269.800
885.800
214.000
180,000
1.623.900
56,200
889,600
3.947.1(0
Total
$3L435.200 $28l’,398.500 #11,482.600 $63,371,900 #232.390.900 $19,921,100
The deviations from the returns of the previous week are as
follows:
„
1 Net Deposits.848.000 Circulation.,,.,
2,343,900
Loans
Dec. $2.2(4.300
Specie
Legal Tenders..,...,
lno.
Inc.
Inc.
Dec,
$761,200
24^, 010
QUOTATIONS IN BOSTON, PHILADELPHIA, BALTIMORE. &e.
floMton Banket.—Below we give a statement of the Boston
Rational Banks,as returned to the Clearing House on Monday,
I
May 31, 1875:
Cfrcul.
Loans.
Capital.
Specie. L .T; Notes
Banks.
$750,000
1,500,000
2,000,000
.
.
Atlas
Blackstonc...,
.
».<
Boston
1,000.000
.
Boylston
Broadway
Central
Columbian..,
gllot
700,000
200,000
500,000
1,000,000
.
,
.
Continental
.
.
Globe
.
Hamilton
Howard
Manufacturers
2.003,400
1.091,600
2,331.400
.
Market
Massachusetts
Maverick
Merchants^
Mount Vernon
New England.
.
North
Old Boston....
1,000,000
.
Sliawmut
Blioo & Leather
1,000,000
1,000,000
.
.
'
.
Tremont
Washington
2,000.000
.
750,000
.
First
1,000,000
1,600.000
.
Sicond (Granite)..
.
777.300
1.049.SIU
300,000
Third
Bank of Commercei* 2,000,000
a
N. America 1,000,000
Bankof
B’k of Redemption.
1,000,000
Bankof Republic..
1,500,000
500,000
Commonwealth....
1,000,000
Olty
1,000,030
gagle
1 000,000
Exchange
Hide & Leather...., 1,500,000
2,000,000
Revere
200,000
Security
l.OOO.OUO
Union
1,500,000
Webster
.
12,800
48.900
12,200
132.300
238.200
193.900
238.100
1.2SU.900
1.157,-00
91.500
1,035.700
1.122.100
35,100
11.900
14.700
5,700
10.700
123.500
4,800
2,700
114,(300
27,000
1,200
14,900
3.313.800
1,926.60c
2.081.300
4.323.100
.
.
4,4 JO
.
2.433,000
.
2,161.600
1,591.8)0
....
966.500
300,* 100
415.8f:0
339.1IX'
717.200
664.600
1.3H1.500
622.400
2.215.500
610,000
1.011.sue
949.800
178,(100
532.400
412.500
804.100
836.200
792.700
Totsl
150,150,000 1123,139,800
$723,600 J8.192,800 $51,790.2(0 $24,951,300
The total amount “due to other Banks.” as per statement of May 31, Is $21,913,100.
The deviations from last week’s returns are as follows:
Decrease. $292,5 '0 1 Deposits
Loans
Decrease
Decrease.
Legs! Tenders
11.200
Increase.
SoeeJe...
167,030
The following are
April 12
April 20
April 26
May 3
May 10.
May 17
May 21.
May 31
.
..
..
..
.
.
..
.
$799,40(1
46,000
the totals for a series of weeks past: Circulation
Specie. Legal Tenrlers.
8,537,500
6.3,200
613.300
8.570,300
6’9,1100
0,5.33,000
8.315,900
715.000
85 ’.500
7.996,6(0
77 5.200
7.838,100
Loans.
Date.
132.260.300
132.312.0(H)
130.595,100
130.394.400
130.024.500
129.4 >5 7)0
128,132.300
8,025,800
8,192,800
7 <3.000
Deposits.
52.722.900
52,660,000
52,602.000
52.946,600
53.615,500
53.285,SOU
52,539,600
24,777,UK'
21,345,600
21,75 i.o:o
21.739,400
5.013.300
25,011,900
24.997.300
51,790,200
24.951.300
Philadelphia Banks).—The following is the average con¬
.
dition of the
723,800
125,139,800
Philadelphia National Banks for the week ending
Monday, May 31, 1875:
Banks.
Capital.
Loans.
Specie.
Philadelphia
$1,500,0(0
$5,155,000
4/04,000
5.632,500
2.612,000
2,065,000
2,676.000
1,435,378
1,047,742
1.283,000
2,232 391
2.4)3,000
$35,000
North America
1,000,000
Farmers and Mech. 2,000,OC'U
Commercial
810,000
Mechanics’
800,000
Biuk N. Liberties.
500,0(’u
Southwark
250,000
Kensington..
=' 250,000
Penn
500,000
Western
400,000
2,458
1.000
6,917
489.200
$1,000,090
$4,140,000
4,005,000
5,562 800
1.390,10)
2.651.000
1,430,552
921,000
574.209
181,600
309.795
8 >9,26?
778.000
1.000.000
612,(1)0
467,0;i0
426,000
201.2'3
210.710
2,298,000
630,731
912,125
2.(24,762
1,736,000
167.500
208,191)
250.000
781.606
*505
1,000.000
Bank of Commerce
Girard
4,170.000
18,000
1,015,000
1/33.000
1,087,780
1.397,110
821,000
2,360,000
1,620.000
4,675.000
928,850
5,000
427,(00
1,209,000
213,547
542,235
133,000
899,000
391.000
1,077,736
539,000
2,7 3,000
1.452,000
1.022.000
4,231,000
413,000
969,250
P'3,000
93,000
241,000
465,000
523,0:10
202,: 35
600,000
763,(00
270,000
338.240
213, ODU
238.500
327.001'
74O.00(i
256.610
135,000
328,000
217,650
834,000
216 8: 0
5,278,000
1,031.000
480.000
383,000
P’2,000
407,000
Tradesmen’s
Consolidation
200,000
City
Commonwealth....
Corn Exchange....
400,000
300,000
300,000
500,060
Union
500,000
1,000,000
300,000
150,0(0
250,000
First
Third
Sixth
Seventn
Eighth
....
*i78
1,000
16,000
400
535.000
585,000
....
1.107.U0C
5.U2.00C
2,277.000
688,000
275.000
Central
Bankof Republic..
Total
3,0(0
2,800
,
465,0)0
160,661
Manufacturers’.... 1,000,0(0
Security
35,1(6
Total net
L. Tender. Deposits)
$1,715,000
1,433 OuO
2,117.800
1,200(000
750,900
1,000,100
250,000
4,COO
1,560.000
....
....
571.357
3.537,000
771.453
$13,009,311
781,000
176,000
$53,018,166 $10,956,768
Tne deviations from the returns of previous week are as
Dec.
....Dec.
Inc.
follows:
Inc.
$58 340 i Deposits
7,912 Circulation
165.493
Dec.
$r6 CIS
263,091
-Variations from market-
cost doubm the amount named;
Puts
below.
$56-25
%
2%
%
2%
.9
3*.
3%
2%
3%
3%
3%
American gold coin
100 shares.
Western Union Te). Co
ii
100
Pacific Mail S. S. Co
a
100
Erie Railroad
100
a
Panama Railroad
100
a
Lake S. & Mich. South. RR. Co.. 100
1C
100
Union Pacific Railroad
100
a
Chicago & Northwest, (comm n)) 100
a
100
Chicago & Rock Island
100
a
)
Milwaukee &-St. Paul (common) 100
a
1IK)
Toledo. Wabash & West. RR
100
a
100
Ohio & Mississippi RR
100
a
1(H) • a
Hannibal & St. Joseph
100
C.,C.& I. C. RR
a
N. V. C. & Hudson Riv. RR
100
a
100
Michigan Central
100
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106*25
106 25
106 25
106 25
.
.
.
.
.
.
.
.
,
,
.
,
WASHINGTON, I>.
[Bid.
Wash. Co.S.bonds,7s,’75.’76,’;7 j 92
Chlcago Relief bon's, 1377.
Perm Imp., 6s, g. 1391
do
7s, 1691
„
1
1
|!
warket Stock bonds. 7s. 1892..
Water Stock bonds 7s, 1901.... j
“
*•
(90S
Fund. Loan (Cong.) 3.65s, 1924
Water Stock 6s 1869
“
“ 1374
1892..
3
2
1%
1%
1%
1%
ik
.
f%
i%
i%
STOCKS.
Burlington & Mo.
in Nebraska
preferred
Cheshire
Eastern
Eastern
Old Colony
Fort., Saco
Ik
Bid.
92
| Ask
j
(!843)6s, atpleas 78
j
;Ches. & O.st’k (’47) 6s. at pleas.
93
Board of Public Works—
92
90%
Cers. Gen. Imp. 8s, 1ST!
92
90%
do
1375
92
90%!
do
1876
73% 74
90%!
1377
do
20%.
do
1878
do
Series. ....|
98
100%
Certificates, Sewer, 8s, 1874-77. ....|
91
..J Water Certificates,8s, 1877... 95 |
“
t
»
.
....
....
131%
108k
pret..,. 113%
do
& Portsmouth
140
94*
83
132
37
85
5
20*
preferred
Vermont & Canada
Vermont & Massachusetts
do
46%
94
Worcester & Nashua
21%
50
95
118
PHILADELPHIA.
city bonds.
STATK and
Pennsylvftuia5s, coup
do re;r.
106
.06%
6f, 10-15, 2d
15-25. 3d... 112k 113
do
101k
Philadelphia 6s, old
105% 105*k
do
6b, new
do
do
do
32
Alleghany County 5s, coup...
Pittsburg 4s
do
5s
It 6
107k
do
7s
107k 110k
New Jersey State 6s, Exempts
Camden County 6s
<’amden City 7s
look
Delaware 6s
Harrisburg City 63
RAILROAD STOCKS.
Camden & Atlantic
pref
do
do
Catawlssa
21
pref
do
33
pref
Elmira* Williamsport
do
new
Elmira*
Lehigh Valley
LlttleSchuylkill
Mlnehill
Norristown
Northern Central
North Pennsylvania
Oil C’ eek & Allegheny
River.
Companies
....
“
.f..
56
94*
29
*3k
52k
«%
49
49%
20*
53%
129* 130
49%
50
Morris
128
do pref
Schuylkill Navigation
91%
91%
91%
91%
91%
....
....
....
,
Allegheny Val. 7
S
3-10s. 1896
—
7s E. Ext..1910
Inc. 7s end.’94..
Delaware.lst m.6,’77
2d M. 6s,’35
do
3d M. (8,’87
do
Camden & Amboy. 6s, '83....
do
do
6s, ’89
do
do mort. 6s,’89,.
Cam. & Atlan. 1st m, 7s, g. 1903
do
2d do 7s. 1830...
Cam. * Burlington Co. 6s, ’97.
Catawissa, new 7s, 1900
do
87
50
95
con. m. 6s.
do reg
90
6s,boat*car,1918 77
7s,boat*tar.1915 90%
95
scrip
Susquehanna 3s, 1894
BALTIMORE.
109
Maryland 6s, defence, J. & J..
109
do
6s. exempt, 1687...
Baltimore 6s, 1844, quarterly..
;
6s, 1386, J. & J
6*, 1890, quarterly...
do
68,Park, 169:', QM.
do
6s, 1-93. M. & S
RATLROAD 8TOCK8.
Par.
Balt. * Ohio—Sti ck
100
do
Wash. Branch..H/0
Northern Central
50
Western ft aryland
50
50
Central < hio...
do
do
103
103
104
104
103% 104
103
1(3
95
K0
106
103
*80
*92
k
Haul.Co.,Ohio6p.c.long bds.
do
do
7 p.c.,1 toSyrs.
lg bds, 7 & 7.80f
do
do
Cin. & Cov.Brlage Block, pref
do
Cin.. Ham. & D.,
do
2d M., 7,’85...
do
do
3d M., 8,77...
do
Cin.. Ham.* Ind.7s guar
Cin. & Indiana, 1st M.,7
do
do 2d M.,7,1877..
•92
*U'l
96
*
90
80
102
Colnm., & Xenia, 1st M.,7, ’90. 10C
Dayton * Mich., 1st M.,7 81.. 93
do
do
2d M., 7,’84..
do
do
Sd M.,7.’88.. 89
96
do To’do dep.bds,7,’8l-’94.
*100
Dayton * West., 1st M., 1881... 88
do
do
1st M,, 1905..
do
do
1st M., 6,1905. 78
do
do
105
104
104
O)
93*
76
91
90
62
IU2
42
guar 104
98
Michigan stock....
8 p. c. st’k
103k
73
88k
do
75
85
68
95
68
68
Louisv.Loan,6.*81.
7.
L. * Nash. 1st M. (m.t.)
*77..
do Lou. Loan (m.s.)6, '86-’87
do
do
(Leb.Br.) 6,’86
do lstM. (Mem. Br)7,,70-’75.
do lstM.(Leb.br.ex)7,’80-’8f.
do Lou.L’n(Leb.br.ex)6,’93
do Consol. 1st
Jefferson., Mad. A Ind
98%
88%
35
94
106
106
104%
94
103
106
115
95
104
98
103
86
92
82
104
102
95
91
98
• • • •
93
81
78
93
92
64
103
44
105
100
do
Water 6s gold
*
do
do
do (new)*
do Bridge Approach g.6s*
do Renewal gold 6s......*
do Sewer g. 6s (due’91-2-3)*
98 k
St. Louis Co.new Park g. 6s...
At.* Pacific guar, land grants
do
2d M
*
And Interest.
88%
88%
99
89%
86
89
7
8
4
common.
Louisville & Nashville
ST. LOUIS.
8t Louis fis, Long Bonds
S9
74
89
76
88
69
96
88
Lex.,pref
do
88%
88%
85
M.,7,1898....
do
109
’81
do
do 1st M..7,1906....
Loulsv. C. & Lex., 1st M.,7, ’97..
Louis. & Fr’k., 1st M.,6,’70-’T8..
Loulsv., Cin. A
103
87k
87k
88%
Wharf 6s
special tax 6s of'89.
Jeff., Mad. & T.lstM.(I&M)7,
do
do 2d M.,7,.
95
do
Little Schuylklll.lstM.,7,1877. 100
Northern Central. 21 m.,6s,’85
Northern Pacific 7 3-10s. 19(0..
North Penn. 1st m, 6s. ’85
do
2dm. 7s. *96
do
chattel M. 10s
do
gen. M. 7s, 1903..
103;
’104
*104
*104
110
bonds.long. 90
1st M., i, 80... 102
93
192:3 93*
19i3
6
LOUISVILLE.
88
8S%
Louisville 6s,’82 to’87
87% 83%
do
68,’97 to’98
88
83%
do
Water 6s,’87 to’89..
do
Water Stock 6s, ’97. 87% 88%
lOU
108* *
44%
102
N.W.Va.,8d M.(guar)’85, J.&J.
92% 93
Pittsb. & Connelisv. 7s.’98, do
101
102
Northern Central 6s, 1885, do
94%
do
6s, 1900.A.&0. 94
97
do 6s, gold, 1900, J &J. 96
96% 96%
(;en. Ohio 63, 1st M..1890.M.&S.
102
W. Md. 6s, 1st M.,(gr)’90, J.iv J.
1st-M., 1690, J. &-J.. 90
do
107
106
Mar. & C.n. 7s. F. <v A., 1892...
92
93
2d, M. * N
do
78% 78%
do
8s, 3d, J. & J
Little Miami stock
55
80
4
43
RAILROAD BONDS.
do
90
102k
29
104
Balt.* Ohio 6s, 168", J.& J....
do
6s, 1885. A. & O... 103
191
Dayton &
58,p<.rp 10*
Harrisburg 1st mort.6s,’83....
H. & B. T. 1st mort. 7s,’90
do
2d mort. 7s, ’75—
do
3d rn. cons. 7s,’55.
Ithaca & Athens g. 7s, ’90
Junction 1st mort. 6s, ’85
2d
do
do
1900...
Lehigh Valley, 6s, 1898
do
do
reg, 1898
do
do
do
do
78,1910
80%
m. 6s.c.,’95..
6s, imp.,’80..
Ind., Cln.A Laf., 1st M.,7
(I. &C.) 1st M.,7,1888
do
Little Miami, 6,1883
Cin, Ham. & Dayton stock
Columbus * Xenia stock .... .
7k
14%
pref
do
do
do
do
do
do
do
do
53%
49k
Lehigh Navigation
do
95
SchuylkillNav. 1st m.6s,’97.. 82%
do
2d in., 6s, 1907
Cincinnati Southern RR. 7.80s
53
37
pref
103
100
100
97%
69%
63%
20%
53k
129
Wilming.* Baltimore.
Westchester comoi.
West Jersey
do
do
2d M., 1376
do
boat, ’85
Pennsylvania 6s, 1910
63 k
50
27
Philadelphia & Erie
Philadelphia* Reading
Philadelphia & Trenton
do
g,’94. 104
gold, ’97
16
93*
Pennsylvania
Belvidcre
conv..
ii
8k
103
’77
conv., ’82
do
do
CINCINNATI.
42
55
NeBquehoning V alley
do
do
95
101
53k
Pennsylvania......
Huntingdon* Broad Top ..
do
do pref.
10
Cincinnati 5s...
69...
do
7s...
do
7-3US
do
37k
East
phlla.,
4ik
60
58k
Lehigh Navigation 6s, ’34...
do
RIt, ’97.... 101%
20
Williamsport pref..
United N. J.
100
100
Morris, 1st M.,6, 1876
62
131*
77
Delaware Division 6s,’73...
do
Fitchburg
Manchester & Lawrence
Nashua & Lowell
Northern ot New Hampshire..
Norwich* Worcester
Ogdens. & L. Champlain
7s, 1893
CANAL BONDS
do
(Mass.)
do
new conv.
Wilming. & Read.,lstM.,7,190t
do
do 2d Mort, 1902
13 %
(New Hampshire)....
90
Union A Titusville
United N. J. cf ns. m. 6s, 91
B1
WArren & F. istm. is,’96
West Chester cons. 7s,’91. ...
99*'
West Jersey 1st m. 6s, '96
do
do 78, 1397.... 103
80
Western Penn. RR.6s. 1698....
6s P b ’96
do
do
ii*
13
Cin., Sandusky & Clev.stock.
Concord
Connecticut River
Connecticut & Passumpslc.pf.
102% 103%
Stony CieeK, 1st m., 7e, 19(7.
Sunbury & Erie 1st m. 7s. ’77..
Sunbury & Lewiston 7s. 1660..
119k 119k
154k 155
43
It 2%
Shamokin V. & Pottsv. 78,1901.
Steubenville* Indiana7s.’84.
71 k.
70
105
do Coal * I,Co m.,7s, 92-’8
Pitts., Cin. * St. Louis7s, ’90..
138k 189
Boston & Albauy stock.
Boston * Lowell stock
Boston & Maine
Boston & Providence
do
PRICES.
Fund. Loan (Leg).Cs.g, 1902..
Cern. of Stock (1828) 5s, at pleas
t
do
99
Boston &
Cayuga Lake 1st m. g. 7s, 1901
95k
Connecting 6s 1900-1904
Cliartlers 7s. 1901
Dan., H. & Wilkes, 1st m„7i.’/87 101
Delaware mort. 6s, variou3....
101
East Penn. 1st mort.7s,’83
103k
El. & W’mspor t, 1st m, 7s. ’30. 64"
1%
1%
2%
1%
1%
i%
Ask
92
Calls
above.
Price
for 30 (lays.
Amount
ontrolled.
each. $10,000
.
37k
60
90
82 k
104k
96% 97%
91% 92%
Philadelphia & Reading6s, '80 102%
do
do
7», '93 W%
deb. bonds,‘98 80
do
do
g. m. 7s, c. 1911 105%
do
do reg, 191' 105%
BATLROAD BONDS.
Frothingham & Co., bankers, 12 Wall street, quote
prices for the present for gold and stock privileges as follows. Double privileges
STOCK PRIVILEGES.—Alex.
5 year Cers.,7 3-10, 1875
Ten year Bonds, 6s, 1878
Fund. Loan (Cong ) 6 .g,
2d 78
land inc. 12s.,
73
7U
S6k
CANAL STOCKS.
$133,358
$16,435,000 $ U.19.’,360
Loans
Specie
Legal Tender Notes...
]s%
69
Rutland-common
Decrease,
Circulation
I
102k
109k
Albany 7s,
Boston & Maine 7s
Burlington & Mo. Neb. 8s, 1894
do
do Neb. 8s, 1883.
90
91
Eastern Mass.. 7s.Iud. Cin. & Laf. 7s, 1869
do
equipment 10s.
funded debt 7s
do
Ogden8burg & Lake Ch. bs
108
108%
Old Col. * Newport Bds, 7, ’77.
Rutland, new 7s
is" 20*
Verm’tCen.,lst M.,eons.,7,’86
2d Mort., 7,1S91
do
60*
Vermont & Can., new, 8s
Vermont & Mass., 1st M. 6,’83.
566.400
703.300
721.700
834.600
716,000
111
104*
104k 106 ’
102k
Topeka l6t m.7s
land gt. 7s....
Atch. *
do
do
do
670.300
160.20::
563.5P0
879.500
95,400
58.700
1,9(0
2 517.9( 0
1.101,400
1.643.100
183.800
99,000
902.300
.
.
695.700
824.500
650.400
153.500
181.500
229.000
62,000
2,700
4,900
3.622.700
4.107,500
.
999.100
1.058,000
11,100
146,500
34.300
266,4(0
277.700
76,700
361,400
22'.7(H)
461,700
152,600
315,000
67,400
10,000
4,400
175.300
753.700
647,GOO
319,3(«.t
532.300
778.900
937.200
713.800
162,1U0
617.900
560,7110
650.630
421.800
765.200
235,400
25.5(0
8.269.100
.
1.574.500
26,SCO
4,935.700
.
7.507.500
110
Municipal 7s
do
345.900
70.200
6s
Portland 6s
842,000
910, C00
103k
108%
Massachusetts 6s, Gold
do
5s, Gold
Boston 6s, Currency
do
5s, gold....
Chicago Sewerage 7s
143 100
317.700
1,026,303
96,200
113,400
1.483,300
800
4,974,IOC
.
786.100
625.200
720.300
93,300
2.036.200
.
770.100
781.300
81.400
63.000
11,600
Maine 6s
New Hampshire,
Vermont 6s
353.2011
336.000
345.500
231.900
439.700
140,206
544.400
76.000
123,700
24.8: K)
3.100
8,566.900
1.300.400
3,250.400
2.027 100
3.8"0.30C
4,255. .’00
1.: “6.2(H)
1.500,000
600,000
.
473.800
739.500
677.600
14,700
2,000
3,055.500
3,699.900
2
State
Suffolk
Traders
1,900
814.000
134.000
67,200
174,500
6,400
1.673,100
2.024.000
1,605.700
10.594.900
661/00
2.537.300
3.027.4CG
2.103.900
2,644.400
1,121,000
762,40U
7^5,000
301.400
661,100
126.100
58,300
8,000
1.101,400
400,000
3,000,000
200,000
1,000,000
..
••
4,000
2,256.800
’.,680,900
2,563.500
800.000
.
•
2,451.300
1,070,300
2.488,800
1,728.000
1,000,000
800,000
1,000.000
750,000
1,000,000
500,000
800,000
.
73,700
267,800
102,000
3),O0U
82.500
75,900
137,200
57.400
514,500
400,000
gverett......
Faneull Hall
Freeman’s
1,400
70 J,500
799,50(1
584.700
495,000
172.900
150.000
768 6 0
Bid. Ask
SB0TJBITIK8.
Oil Creek * Ale. R., cc n. 7s,’86
Oil Creek 1st m. 7s, ’82
Penn* N. Y.C.&R R 7s.‘96-i906.
Pennsylvania. 1st M.,6,i860...
*1o
gen. m. 1910, coup
do
gen.m., reg., 1910
Perklomen 1st in.6s,’97.
Phila. & Erie 1st ra.6s,’81
do
2dm. 7s.’88
BOSTON.
$441,900
1126.700
941,000
1.787.100
$51,800
9,3C0
l.'.OO
2,000
t.797,900
1,000,000
1,000,000
.
$6"0
•l,.e43,700
3.0 6,800
4,558,300
2.270,400
Bid. Ask.
8KCURITIK8.
-
Atlantic
541
THE CHRONICLE
1876.]
June 5,
32
6
32%
*97%
104%
'
.’4
103%
103%
103%
44**
33
103
’542
[Juno 5, 1875,
THE CHRONICLE.
GENERAL QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
TJ. S. Bonds and active Railroad Stocks
7869781
Bid. Ask
SECURITIES.
State Ronds.
32
fta
1QQ£
38
do
8s, 1888
do
8s. Mont. & Euf’la R.
do
8s. Ala. & Chat. R....
do
8s
of 1892..
Arkansas 6s,funded.
........
47
....
•
.
.
•••
•
.
.
•
•
28%
.
78, L
do
War loan
Louisiana
do
do
do
do
do
do
do
-
91
8s
of 1910..
do
do
Missouri
do
do
do
do
do
36
35%
36
36
35
37
102"
Michigan 6s, 1878-79
1U3
6s, 1883
7s, 1890
68, due in 1875.
do
dc
do
do
do
102)4
102%
102% 102;*
1880.
Texas, 10s, of 1876
Virginia 6s, old
do
do
do new bonds, 1866...
do
do
1867...
do consol, bonds
do ex matu d coup
do consol. 2d series,
do deferred bonds..
10
i*
108% 109
U)8% 109
110
112
114
120
Albany* Susquehanna
pref...
122
U5%
20*
20%
20%
20
50
50
10
102
Lafayette, Bl’n & Miss., 1st m.
102
116%
107% 108%
do
do
105%
107
1U7
33
32%
6%
o4%
52% 54
52% 54%
99% 104
35
35
35
37
63%
58
44%
8*
74%
100* 101%
8
64
2d pref
10
Missouri, Kansas & Texas.
Jersey Southern
65
102%
Morris & Essex
..
New
5
145
Y., New Haven* Hartford.
Ohio & Mississippi, pref
N
Pacific of Missouri
Pitts,, Ft. W. & Chic., guar
do
do special..
96*
Saratoga
Rome, Watertown & Ogdens..
St. Louis, Alton & T. Haute...
do
do
do
pref
Belleville & So. Illinois, pref..
St. Louis, Iron Mount. & South.
98
113
20
Rensselaer &
105
110
110
110
110
110
no
no
Land m. 7s
2dS., do 7s....
3d S., do 8s
4thS., do 88...
5thS., do 8s...
6th S„ do 8s.
Creston Branch
Chariton Branch
104%
u* 104%
104%
Quincy & Warsaw 8s
Illinois Grand Trunk
construction
7s of 1871
TaS
Peoria & Hannibal R. 8s..
1st con.
100%
Chicago* Iowa R. 8s....
102%
20
104
93
104
American Central 8s
Chic. & Southwestern RIL 7s
.Chesapeake & O. 2d 111. gold 7s
!Col. & Hock. V. 1st 7s, 30 years 92%
! do
do
1st 7s, 10 years
do
do
2d 78, 20 years
20
'Chicago. C. & Dub. 8s.;
Chic. & Can. South. 1st m. g.7s 17%
Cii.D. & V., I. div.,-1st m. g. 7s. 30
Chic., Dauv. & Vincen’s 7s, gld 20
92
Connecticut Valley 7s
60
Connecticut Western 1st 7s
Chicago & Mich. Lake Shore.. 25
95
25
...
.
62
68
lia" Ii9%
46%
47'
do
do
2d mort. 107
108
do
do
3d mort ldl
j
Cleve. & Pitts, consol, s. fund. U’4% j
do
4th mort
do
l00%!i()i
Col., Chic. & Ind. C. 1st mort.. 49% 51
do
dt.
2d mort.. 16
Rome, Watert’n & Og.con. 1st
St. L. & Iron Mountain, lstm..
91%
2d n
55
7s, gold
Mo., Kansas.* Texas
gold..
Mo. It., Ft. S. & Gulf lstm. 10s.
do
do
do 2a in, 10s.
N. J.,Midland 1st 7s, gold
do
2d 7s
N. Y. & Osw. Mid. 1st 7s, gold,
do
do
2d 78, conv.
do
West, Extension 7s.
N. Haven, Middlet’n & W. 7s..
North. Pac. 1st m. gold 7 3-10a..
do
Land warrants....
40
27%
45*
30*
10
70
CITIES.
do
74
82
87
56
70
62
78
80
78
50
43
8s
Augusta, Ga.,7s, bonds
55
40
45
65
80
70
35
53
34
34
50
42
75
80
85
90
90
65
80
5s
consol. 68
bonds, 7s
gold 7s, quarterly
10s
to
railroads, 6s..
Wilmington, N. C., 6s, gold
do
do
8s, gold....
RAILROADS.
32%
50
60
40
35
14
Ala. & Chatt. 1st m. 8s., end.... 15
Ala. & Tenn. R. 1st mort. 7s...
do
do
2d mort. 7s
Atlantic & Gulf, consol
do
do end. Savan’h.
do
do stock
do
do
do
guar...
Carolina Central 1st m. 6s, g...
Central Georgia 1st mort. 7s... 100
do
consol, m. 78. 94
55
do
stock
Charlotte Col. & A. 1st M. 7s... 62
do
do
stock
Charleston & Savannah 6s, end
Savannah & Char. 1st m.7s....
Cheraw & Darlington 7s
East Tenn. & Georgia 6s
67
East Tenn. & Va. 6s, end. Tenn 70
90
E. Tenn. Va. & Ga. 1st m. 7s.
50
do
do
stock...,
90
Georgia RR. 7s
70
do
stock
52
Greenville & Col. 7s, guar
do
do 78, certlf..
50
Macon & Brunswick end. 7s... 83
Macon & Western stock
Macon & Augusta bonds
do
ao
endorsed....
do
do
stock
...
Memphis & Charleston 1st 7s..
do
do
‘
do
do
2d 7s...
stock
.
Memphis & Little Rock lstm..
Mississippi Central 1st m. 7s...
do
do
m. 8s....
in. 7s..
consol. 8s.
87
60
25
47
47
50
45
47
5
93
90
do do Income
Mont. & Eufaula 1st 8s, g. end.
Mobile & Mont. 8s, gold, end..
Mobile & Ohio sterling
do
do
do
ex certlf
do
do 8s, interest
do
do 2d mort. 8s
do
do stock
N. Orleans & Jacks. 2d m. 8s..
do
do certlf’s88..
N. Orleans & Opelous. 1st m. 8s
Nashville* Chattanooga 6s...
Norfolk & Petersburg lstm.8s
do
do
7s
do
do
2dm. 8s
do
m.
8s..
88
2dm. 8s...
Orange & Alexandria, lets, 6s..
do
do
2ds, 6s..
do
do
3ds, 8s.
do
do
4ths, 8s..
Rlchm’d & Petersb’g 1st m. 7s.
Rich., Fre’ksb’g & Poto.6s.
do
do conv.78
Rich. & Danv. 1st consol. 6s...
Va. 1st Ill 8s
Southslde,
do
2d m. guar. 6s
do
3d m. 6s
do
4th 111 .8s
Southwest RR Ga, 1st m.
do
stock.
S. Carolina RR. 1st in. 7s, new.
do
6s
do
7s
do
stock
West Alabama 8s, guar...,
PA8 r DUE COUPON8.
Tennessee State coupons
IVirgima
do
coupons
consol, coup..........
jMemphls City coupons..
io*'
80
75
!02
96
57
67
35
62
50
90
75
75
92
60
93
80
55
52
90
81
88
90
15
82
70
9
65
84
I l
Montgomery & West P. 1st 8s.
Northeastern, S. C., 1st
25
52
42
72
70
90
2d
do
Mississippi & Tenn. 1st
5
17
m
Atlanta, Ga., 7s
17
30*
70
60
70
...
98
..
&
(Monticello1st P. Jervis 7s, gold
■Montclair
75
,
1
80%
101
90
40
Richmond 6s
Savannah 7b,old
do
7s, new....
95" 100
7s, 1879
97
92% 93
78,1883
95
88% 91
78, 1880
90
87
90
7s, 1888
40
7s, cons. mort. gold bds.
97% 100*
Long Dock bonds
85*
90
Buff., N. Y. & Erie, 1st m.. 1877.
25
do
do
do
large bds
94
106
Han. & St. Jo. land grants
70
do
do
33%
8s, conv. mort... 63
35
Illinois Central, 7 p. c., 1875
I)an., IJrb., Bl. & P. 1st m. 7s, g 32% 37%
Dubuque & Sioux City, 1st m.. 103%
:Des Moines & Ft. Dodge 1st 7s.
107
do
do
2d div 101
30*
iDetroit, Hillsdale* In. Rli.Ss.
Cedar Falls* Minn., 1st mort.
100
i Detroit & Bay City 8s guar
28*
lndlanap., Bl. & W., 1st mort..
70
Detroit, Eel River & 111. 8s
12
do
do
2d mort
; Det., Lans. & Lake M. 1st m. 8s
70
100% 101%
Mich. So. 7 p. c. 2d mort.
.Mich. bo.
mort
|
do
do 2d m. 8s
106
Mich. S. & N. Ind.,S. F.,7 p. c. 105
35*
iDutchess* Columbia78
107% 108
Cleve. & Tol. sinking funu
; Denver Pacific 7s, gold
do
do
i03%
new bonds
Denver * Rio Grande 7s, gold.
70*
107* * Evansville & Crawfordsv.,7s..
Cleve.,P’vllle & Ash., old bds 105
100
do
do
new bds 103
Erie & Pittsburg 1st 7s
Detroit, Monroe & Tol. bonds. 102
do
do
2d 7s
103
Buffalo & Erie, new bonds
do
do'
85
7s, equip ....
102
Buffalo & State Line 7s
60
PA-ansvIlle, Hen. & Nashv. 7s..
Kalamazoo & Ws Pigeon, 1st
Elizabethtown & Padu.8s, con
84
99
Lake Shore Div. bonds
1U0
75
84
Evansville, T. H. & Chic. 7s, g
do
Cons, coup., 1st... 102%
Flint & Pere M. 7s, Land grant
90
95
93
it 6’
do
Cons, reg., 1st
Fort W., Jackson & Sag. 8s
do
Cons, coup., 2d
94% 95% Grand R. & Ind. 7s, gold, guar 103* ii2*
90
do
Cons, reg., 2d
do do 7s, plain...
87%
106
Marietta & Cin., 1st mort
Grand River Valley 8s
100
103% 103* IIous. & Texas C. 1st
Mich. Cent., consol. 7s, 1902
80
83
7s, gold..
do
1st m. 8s, 1882, s. f.
80
lndlanap.* Vincen. 1st 7s,guar 70
do
equinm’t bonds...
Iowa Falls & Sioux C. 1st 7s...
85
New Jersey Southern, 1st m. 7s 28
29% Indianapolis* St. Louis7s
75** 82%
do
do
consol. 7s
Houston & Gt. North. 1st 7s, g. 57% 62%
101
New York & New Haven 6s...
International (Texas) 1st g.
60
65
N. Y. Central 6s, 188;?
ld0%
lnt., H. & G. N. conv. 8s
do
102% 102% Jackson, Lansing & Sag. 8s
6s, 1887
100
102
do
97%
6s, real estate...
60
Jack., N. W. & S. E. lstm. g. 7s
93
do
6s, subscription
Kansas Aac. 7s, extension,gold 75*' 80
do
103%
7s, 1876
do
“
95
7s, '
land grant, gld 90
do
7s, conv., 1876...
do
85
7s,
do new bid 80
dq
7s, 1865-76
do
6s, gld, June& Dec 70
72%
do & Hudson. 1st m.,coup. 117%
do
6s, do Feb. & Aug 72% 75
do
do
1st m., reg...
116
do
7s, 1876, land grant 91
95.
Hudson R. 7s, 2d m. s. fd. 1885.. iii" 112
do
70
7s, Leaven, br’nch
Harlem, 1st mort. 7s, coup...... 03* 110
do
Incomes, No. 11... 20" 22%
do
do
109%
reg
do
do
No. 16... 18
20
North Missouri, 1st mort.,
do
17
Stock
18
Ohio & Miss., consol, sink. fd. 97" 98
Kalamazoo & South H. 8s, guar 90
100
96
do
do
consolidated
96* Kal., Alleghan. & G. R. 8s,guar 90
100
74
do
do
2d
do
75
Kansas City & Cameron 10s...
95
100
do
do
1st Spring, div.. 84
Kan. C., St. Jo. & C. B. 8s of ’85
50
Central Pacific gold bonds
10?% 104*
do
do
do 8s of ’98
do San Joaquin br’nch 92% 32% Keokuk & Des.Moines lPt 7s
90*
do Cal. & Oregon 1st., 93% 33%
do
1st coup, Oct.,’76 «72 v 75
do
State aid bonds
do
funded int. 8s 92% 95
Western Pacific bonds
97% 97%
do
25
pref. stock... 20
Onion Pacific, 1st mort. bonds 102% 102% L. Out. Shore RR. 1st m.
60
gld 7s.
Land grants, 7s. 9<% 97% Lake
do
30** 35
Sup. & Miss. 1st 7s, gold.
do
91% 92% Leav., Atch. & N. W. 7s, guar..
Sinking fund..
85
Atlantic & Pacific land gr. m.
Leav., Law. & Gal. 1st m., 10s.. is" 22
South Pacific RR. bds. or Mo. 80**
Logans., Craw. & S. W. 8s,gld. 22
Pacific R. of Mo., 1st mort.
94*
98
102
Michigan Air Line 8s
1st Caron’t B.
2d mort
n%
92%
Petersburg 6s
40
,
endorsed
g*
75
81
....
-
104
104
Chic., Dub. & Minn. 8s...
20
92% 95
40
60
do
do
2d, guar.
St. L. & So’eastern 1st 7s. gold.
St. L. & I. Mt. 1 Ark. Br.) 7s, g.
Southern Central of N. Y. 7s..
Union* Logansport7s—...
Union Pacific, So. branch, 6s, g
Walklll Valley 1st 7s, gold..
West Wisconsin 7s, gold....
Wisconsin Valley 88
Southern Securities.
Brokers' Quotations.)
New Orleans
do
do
do
do
do
Norfolk 6s.
104"
Carthage & Bur. 8s.......
Dixon, Peoria & Han. 8s.
O. (>. & Fox R. Valley 8s.
720*
s*
92
F. L. bds.
Columbia, S. C., 6s
Columbus, Ga.,7s, bonds...
Lynchburg 6s
Macon 7s, oonds..
Memphis old bonds, 6s
new bonds, 6s
do
do
end., M. & C. RR.
Mobile 5s,(coups, on)
do
8s,(coupB. on)
Montgomery 8s
Nashville 6s, old
do
6s, new
.
Keokuk* St. Paul 8s...
107
96
Charleston stock 6s
Charleston. S. C., 7s,
...
107%
guarant’d-by Mo.
Pitts., Ft. W. & Chic., 1st mort.
miscellaneous! Mocks
Consolidation coal of Md
do
do
do
do
do
do
do
do
.
American District Telegraph..
Boston Water Power
t;oai
do •
2d mort.,
3d do
4th do
5th do
109*
Bur., C. R.&M. (M.dlv.),g. 7s.
58"
Cairo & Fulton, 1st 7s,gold
CaliforniaPac. RR. 7s, gold... 60
do
6s,2dm.,g
Canada & Southern 1st 7s, gold •io"
Central Pacific 7s, gold, conv.. 105
do
Land grant 6s.g
Central of Iowa l6t in. 7s, gold 36"
do
do
2d m. 7s, gold
bonds, 1900..
gold.
Erie, 1st mort., extended,
do
do
do
do
Pacific R. 7s,
Toledo, Peoria & Warsaw....
Toledo, Wab. & Western, pref.
Canton Co., Baltimore
Cent. N. J.Land Improv. Co..
D laware & Hudson Canal
2d mort
1884
1877
be
100
75
50
35
^o
do 88, gld, E. D.
Sandugky,Man8. & Newark 7s.
St. Louis, Vandalia & T. H. 1st.
!
32
32
32
32
33
Long Island
Cln., 1st pref
do
do
do
do
do
Rome & Watertown 7s
Rondout & Oswego 7s, gold
Sioux City & Pacific 6s
South Pacific 6s, gold
Southern Minn, construe. 8s.
do
7s.. .......
St. Jo. & C. Bl. 1st mort. 108.
do
8 p. c.
do
St. Jo. & Den. C. 8s, gld, W. D
62
1st m.
do
do
do
do
do
do
do
do
do
do
no% 110%
108% 109
• •
Rockf’d, R. I. & St. L. 1st 7s, gld
98
Long Island RR., 1st mort
Nashville & Decatur, 1st m. 7s.
South Side, L. I., 1st m. bonds.
Western Union Tel., 1st m. 7s. 100% 100%
UliNcellaiieoug Ll»t,
{Broker's' Quotations A
Atchison & P. Peak, 6s, gold...
Atlantic & Pacific L. G. 6s, gld. 40
Atchison & Nebraska, 8 p. c... 30
Bur.
Mo. Riv., stock
112%
84"
7s, conv. 117%
TjOoCA| } int mvM 1/.
Missouri,
as
Peoria, Pekin & J. 1st mort.
Pekin,Lincoln & Decatur, 1st m
Cin., Lafayette & Chic., 1st m.
Del. & Hudson Canal, 1st m., ’91 109%
Han. & Central
may
Bid. ABk
securities.
Peoria & Rock 1.7s, gold
Port Huron & L. M. 7s, gld, end
do
do
7s, gold...
Pullman Palace Car Co. stock
do
bds, 8s, 4th series
Illinois & So. Iowa, lBtmort...
104
36%
91
75
Quincy & Toledo, 1st mort. 1890
112*'
.
3%
102
98%
Michigan Central
do
(lo
do
do
do
do
do
do
do
do
do
do
12%
7
lndlanap. Cln. & Lafayette
Joliet & Chicago
Iowa Midland, 1st mort. 8s
Galena &rChicago Extended...
Peninsula, 1st mort., conv
Chic. & Milwaukee, 1st mort.,
Winona & St. Peters, 1st mort.
do
do
2d mort..
unionxj
102%
Chicago & Alton
do pref
do
108%
113% 114%
Chic., Bur. * Quincy
Cleve., Col., Cfn. & lndlanap.. 51% 55
Cleveland & Pittsburg,guar... 88% 88%
55
Dubuque & Sioux City
37
.
90
Central Pacific
American
27
do
do
2d mort
do
106% 107%
do
'con. conv
Am. Dock & Improve, bonds.. 100%
no
Mil. & St. Paul 1st m. 8s, P. D
do
do
do
7 3-10 do.
do
do
7s. gold, R. D.
do
1st m., LaC. D.
do
do
1st m.I.& M.D.
do
do
do
1st m. I. & D..
do
do
1st m. H. & D.
do
1st m. C. & M.
do
■4%
do
1st Consol.
do
do
do
do
2d m.
Chic. & N. Western sink. fund. 104" 103
101
do
do
lnt. bonds. 99
do
consol.bds 94%
do
do
ext’11 bds. 90
do
do
do
1st mort..7 100%
do
do
cp.gld.bds 82% 83
do
do
reg. do
do
Railroad stocks,
(Active previously quoted.)
Marietta &
do
40
33
30%
C.,C.,C.& lnd’s.lstm.7s, S. F.
110%
Del.. Lack. & Western, 2d m.
120%
120%
73%
District of Columbia 8.65s
Erie nref
Hannibal & St. Joseph,
Illinois Central
25
..
do
do
do 1886.
do
do
do 1887.
New York Bounty Loan, reg..
do
do
coup.
do
6s,
6s, Canal Loan, 1S75.
do
do
1877
6s,
do
do
1878.
6s,
do
6s, gold reg
1887.
do
68, do
coup..1887.
do
loan.. 1883.
6s, do
do
do ..1891.
6s, do
do
do ..1875.
5s, do
do
do ..1876.
5s, do
North Carolina 6s, old, J. & J..
A. & ()
do
do
J. & J..
N. C. RR
do
do
....A. & O..
do coup off.,!. & J..
do
do
do off.A.&O..
do
do
Funding act, 1866...
do
do
1868...
do
New bonds, J. & J..
do
A. * O..
do
do
Special tax, Class 1.
do
Class 2.
do
do
Class 3.
do
Ohio 6s, 1875
do 6s,1881
do 68.1886
Rhode Island 6s....
South Carolina6s
Jan. & July
do
do
April & Oct
do
Funding act, 1866.
Land C, 1889, J. & J.
do
Land C, 1889, A. &O
do
do
7s
of 1888.
nonfundable bonds
do
Tennessee 6s, old
do
do ex coupon
do
do
do new series
do
do
do
guar....
do
the par
Omaha & Southwestern RR.
Oswego* Rome 78, guar...
.
...
Funding bonds due In 18W-5. 102%
Lone bas. due ’81 to ’91 lncl.. 102% 102%
Asylum or Unlvers., due 1892. 102 >4
Han. & St. Joseph, due 1875. lu2%
do
do
do 1876. my 102 &
do
...
Chicago, Rk. Island & Pacific. 111
Central of N. J., 1st m., new... 111%
do
do
1st consol.... 105% 105%
36
7s, Penitentiary
6s, levee bonds
88,
do
8s,
do
1875..
111%
104% 104 *
do
2d
do
do
do
100%
do
3d
do
Boston, Hartf. & Erie, 1st mort 25% 26"
do
do
1st mort
do
do,, income
Joliet * Chicago, 1st mort
Louisiana & Mo.. 1st m., guar.
St.Louis, Jack. & Chic., 1st m.
Clfc., Bur. & Q. 8 p. c. 1st m...
do
do consol, m. 7s
102%
iu2%
6s
do new bonds.,
do new floating debt
Exchange Prices.)
Albany & Susq., 1st bonds...
do
102
Kentucky 6s
(Stock
Bur., C. Rapids & Minn. 1st 7s, g
Chesapeake & Ohio 6s, 1st m..
do
do
ex
coup
Chicago & Alton sinking fund.
102* ’
1879...
66
...
16%
gold bonds...
do
do
19%
Railroad Bond*.
...
do
7s, Memphis & L. R
do
7s,L.R.,F.B.*N.O.
do
78,Mlfi8.0. & R. Rlv.
do
7s, Ark. Cent. R.
California 7e
do
78, large bonds..
105
Connecticut 6s
88
Georgia 6s
98%
do
7s, new bonds. ..
93
do
7s, endorsed
93
do
7s,
Indiana 5s
Illinois 6s, coupon, 1877...
Alton & T. H., 1st mort
104
do
do
89
2d mort. pref
do
do
2d mort. income 72
Belleville & S. Ill. R. 1st m. 8s.
Tol.. Peoria & Warsaw, E. D... 63*
do
do
W. D.. 52%
do
do Bur. Div.
do
do 2d mort.
do
do consoles
Tol. & Wabash, 1st m. extend, F0%
do
do
lstm. St.L.div 57
55
do
do
2d mort
do
do
equipm’t bds.
do
do
eon. conve/t..
Hannibal & Naples, 1st mort...
Great Western, 1st mort., 1888.
do
2d mort., 1893..
.
•
Bid. Ask
SECURITIES.
50
Mariposa Land & Mining Co
do
do pref
Maryland Coal
Pennsylvania Coal....,
Spring Mountain Coal
35
Prices represent the per cent value, whatever
Bid. ABk.
SECURITIES.
Ka
tin
quoted on a previous page.
Cumberland Coal & Iron...,
Alabama 5s, 1883
An
are
65
85
80
93
88
82
92
85
90
82
91
75
90
80
80
68
Jane 5 1875
543
THE CHRONICLE.
]
NEW YORK LOCAL SECURITIES.
Insurance Stock List.
Stock List.
Bank
(Quotations by E. S. Bailey, broker, 65 Wall street.)
Marked thus (*)
Pai Amount
Capital.
I
\
1
1
are
National.
not
Prior.
Dividends.
Capital.
Companies.
Bid.
Companies.
Askd
Periods.
1873
1874
Last Paid.
J. & J.
M.&N.
J. & J.
j. & J:
10
8
10
8
12
24
Jan. 2,75...5
160
May 1,75...4
118*
Pai Amount
Bowery
Broadway
Bull’s Head*
Butchers & Drovers
3,000.000
5.000,000
250,000
1,000,000
200,000
800,000
1(X
101
1UC
2f
\merica*...
American Exchange
11
Q-J.
25
J. * J.
10C 2,000,000
J. & J.
25
450,000 J. & J.
10(
300,000 ev.2 mos
25
600,000 J. & J.
lot
1,000,000
Q-F.
J. & J.
lot 10,000,000
100 1,500,000
J. & J.
UXJ 1,000 000
F.&A.
100
100,000 J. & J.
..
Central
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*
Currency
1,000,000
350,000
AX),000
170,000
1UU
Dry Goods*
25
25
100
10C
100
3C
5C
10C
lot
lot
25
25
40
100
100
100
East River
Eleventh Ward*
Fifth
Fourth
Fulton
Gallatin
German American*..
Germania*
Greenwich*
Grand Central’
Grocers*
Hanover
Harlem*
Importers’ & Traders’.
100
1(K)
100
50
100
10)
10C
25
Marine
Market
Mechanics
Moch. Bkg Asfeo’tion..
Mechanics & Traders..
Mercantile
50
25
100
Herchants
50
Merchants’ Ex
Q—J.
5
000.000
600,000
1
500,000
2
000,000
200 000
206)606
1
200,000
100,000
300,000
OOO.OOU
’100,000
1
500,1)00
'500.000
600,000
500,(KX)
450,000
2,050,000
300,000
400,000
1,000,000
2,000,000
500,000
600,000
1 000,000
3!<KX),OCO
Q—J.
J. & J.
M.&N.
A.& O.
F.& A.
M &N.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
M.&S.
J. & J.
J. & J.
J. & J.
F. & Pt.
J. & J.
F.&A.
J. & J.
J. & J.
J.&J.
J. & ,J.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
J. & J.
J. & J.
A. & O.
M.&N.
J. & J.
J.& J.
J. & J.
J. & J.
50
100
100
100
100
100
UK)
100
100
100
UK)
100
50
25
3,000,000
200,000
500,000
500,000
1,500,Of 0
180,900
1,000,000
400,000
8(K),000
50
422.700
Q-F.
100
25
20
100
2,000,000
J. & J.
J. & J.
J. & J.
100
2,(xto)ooo
100
100
100
100
100
100
100
100
1,(XX),000
300,000
300,000
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N Y. Nat. Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*.. ........
North America*
North River*
Oriental*.
Pacific*
Park
*
Peoples*
Phenix
Produce*
Republic
St.‘Nicholas
Seventh Ward
Second
Shoe and Leather
sixth
State oi New York
Tenth
Third
Tradesmen's
Union
West Side*
Gas
1,000,000
500,000
4 000 iXX)
2)0,000
1,000,000
J.& ,J.
J.& J.
J. & J.
& J.
J. & J.
J
412.500
1,800.000
250,000
1,000,000
200,000
2,CM X),000
1,000,000
lj'00,000
40
1,000,000
50
UK)
1,500,fHX)
200,000
|
.
F.&A.
F.& A.
J. & J.
J. & J.
J.& J.
J.& J.
M.&N.
J. & J.
J.& J.
J. & J.
M.&N.
I. & J
.
Jan. 2. ’75..6
Jan. 2, *75.. 15
Mch. 1, 75..£
Jan. 2. ’75...
.
•
10
10
8
12
100
10
4
10
91
10
20
8
20
8
10
12
7
7
14
8
•
••
•
•
•
•
•
300
••
.
•
•
•
7
10
20
......
100
......
...
•
•
......
10
200
icon
8
14
10
12
8
12
..
a.
•
•
.....
202
130
Jan. 2,75...7
Jan. 2, 75...5
Jan. 2,75...6
...
8X Feb.12,74.3)4
9
Jan.10,75...4
7
10
10
4
*
•
t
11
10
!0
12
10
!0
8
10
10
8
6
150
.
Jan. 2,75...5
Jan. 2,75 ..5
7k May 1,75... .3
10
May 1.75. .,5
9
May 1,75, 4
10
4
8
10
14
6
5
8
8
8
7
-
-
-
.
F-h. 8. 75..4
Jan. 2,75...3
Jan. 2. 75...7
Jan. 2,75...6
Jan. 2,75...4
6
in
12
9
8
May 10.75.. 4
Jari.27t.2Hg
8" Jau. 2,'75'.*"4
,
106
••••••
......
......
138
135
•
..
1
.
,
-
......
-
...
.
.
.
Mechanlcs’(Bklyn)
.
;.
Metropolitan
Montauk (B’klvn).
Nassau (B’klyn)...
New York Fire
N. Y. & \ onkers..
102
•.
.
•
Phenix (R’klvn)
Produce Exchange
Relief
25
25
100
20
20
50
100
50
Republic
Ridgewood
People’s
v
^
^
.
..
.
.
IbiX
115
i46*
136
Resolute
.
.
-
i
\...
Rutgers’
.-
Safeguard
St.Nicholas
Standard.....
Star
Bonds.
[Quotations by Charles Otis, Broker, 4? Exchange Place, j
Sterling
Stuvvesant
Gas Companies.
Brooklyn Gas Light Co
25
20
Citizens’Gas Co (Bklyn
do
certificates
Harlem
50
20
50
100
Manhattan
do
do
certificates
b n s
.'.
100
25
scrip.
1«0
10
People’s (Brooklyn)
do
do
bonds
Westchester Couutv
Certificates
Bonds
Williamsburg
do
1,200,000'
Q-F.
F.&A.
J. & J.
J. & J.
M.&S.
M. & S
J.& J.
386,000
4,000,000
2,?,00,000
50
50
8cHr>
Bleecker
St. A Fulton Ferry—stocl
1st mortgage
ion
500,000
000,000
1,000.000
5(10,000
4,000,000
1,000,000
300,000
456,(XX)
53,000
21,100
1,000,000
1,000,000
Jan
5
10
5
May
74.
75.
75.
Men 9, 75
,,
.
240
100
100
130
170
M.&N.
Q-F.
J
4
7
75
4,75
5
n.
75.
May
3X Jan., 75
M.&S.
F.&A.
Jan., 751
I
•
lu
1880
Q-F.
J. & J.
J. & J.
.
1872
5
Jan.,75
,,
100
7
18S8
F. & A.
M.&N.
7
20
r»
j.
7
102
72k
1882
1890
1877
&
J
,
85
70
Q-F.
J. &D
J. & J.
J. & J.
M.&N.
A.&O.
•1
s*
May, 75
6
7
Jan.,75
4
7
M y, 75
1873
-
80
83
95
SO
...
..
..
1st mortgage
Twenty-third
•»
*
•
-
Street—sloe*
-? «
This column
chows last
1000
100
1100
Q.-F.
J.&D.
F.&A.
A.&O.
M.&N.
M.&N.
J. & J.
Q-F.
2,000,000
600,000
J. & J.
J * J.
120.000
M.&N.
dividend on etockt, also date
7
2
7
7
7
7
5
7
Feb.74
1877
1876
1885
1888
71
May. 75
200
7
4
7
75
ICO
100
85
1890
2k May, 75
100
1090
of^rraturtty of bondi.
t
7
10
10
•20
10
5
18
10
11
20
10
10
20
5
5
7
4
20
16
43)051
11
20
14
16
12
10
18
10
Jun., 75.10
Jar.., 75.10
10
Jan., 75 5
'an., ’75. 5
J- n., 75..5
Ian
75 5
Fet.,’75.10
’75..5
J»n.,
14
10
sk 11
!U
3k
[6
26
io
10
10
12
4
14
6
5
10
13
.0
|
| .4
\I
....
10
10
15k
10
*
10
90
80
i20
100
125
85
90
110
77>
99
115
ISO
300
10
160
; 0
’85
1( 5
100
122
820
1*0
166
115
10O
105
90
140
ioo
90
TT.u
190
80
17(F
195
185
Feb .75.10
Jan
75..'
l!0
77
.
110
10
20
10
11
15
10
10
16
10
14
2*20
160
2(5
1 Ga
no
165
210
^5
90
75
175
97
'Jan., *75.10
,
81
185
100
120
95
98
Jan., 75. .6
Jan., 75..5
Feb., 75 .5
Jan., 75.10
iJan., ’75.10
Jan.,’75..8
12
20
5
64,403 10
121,506 :0k
78,960 10
71,077 10
165,369 5
153,966 4
246,825 4
+162,560
256,690
l2b
F- b.,75.10
12
20
19
<0
70
125
118
250
115
115
100
200
135
F0
185
75
162
75..5
75.10
75.10
75. .6
’75.10
5
io"
Jau.,
Ja->„
Jan.,
Jan.,
146''
;65
M
Apr., 75. .6
jar.. 75.V)
Jsn., ’7 .1C
•0
18
58)877
90,597
Jan., *75.10
Jan., *75.1'
J .n., '75. .5
Jun., '75. .5
Jan., ’75..►
Jan., *i5. .5
Jan., ’75. .5
Jan., *75. .7
Jan., *75.20
Jan., ’75..5
Jan., ’75..5
Jan., ’75.10
170”
80
110
1:5
85
150
ISO
ISO
140
97
100
,b
Jan..
75
215
165
165
140
100
Mch.,*75. .5
Jsn.. *75.1t'
78
110
205
90
Jan., *75. .5
Jan.,’75..5
Jan.,’75...6
Jan., ’75..6
10
25
5
20
16
101,002 10
30,441
191,749
Jan., *75. 5
Jan., *75..5
10
20
20
10
‘20
20
10
10
12
30
•20
20
20
20
10
132,708
536,222 12
12)i 00
1
!0
10
15
10
!0
10
20
10
10
17
15
6
i
1
10
10
128,6' 0 15
350,139 20
165,216 n
211,544 12
200’000
7
10
20
20
«...
15
196,001
20,529
200,000
.
Market stock
Soldiers’aid fund
do
do
1860.
1865-68.
1863.
125
Feb.,75..5
145
155
165
110
160
• «
• •••a*
120
170
2d per cent
Prior
Months
Bid.
Payable.
1863.
100
100
100
5
6
5
6
6
Feb., May Aug.& Nov
7
May & November.
Feb., May Aug.& Nov,
6
5
6
5
7
6
7
6
i
1869.
6
7
Consolidfltea bonds
var.
6f?.
Street imp. stock
do
do
var.
6
Improvement stock
to
1869
var.
1852-67.
do
1869-71
Sewerage bonds
Bergen bonds
1866-69.
1868-69.
6
7
7
7
7
[Quotations by N.T. Beers, Jr.,
Brooklyn Local Improvem’t
City bonds
do
Park bonds
Water loan bonds
Bridge bonds
Water loan
145
Jan.,’75
„
16
S' 0,985
1,000,000
Assessment bonds... 1870-71.
J. & J.
_
36.755
350,000
200,000
200,(XX)
150,000
150,000
Nero York:
1841-68.
Water stock
do
1854-57.
Croton water stock.. 1845-51
do
do
..1852-60.
Croton Aqued’ctstock. 1865
do
mains....
pipes and
do
reservoir bonds....
Central Park bonds.. 1853-57.
do
do
.1853-65.
Dock bonds
1852.
do
1870.
100
75
7
10
10
20
10
.
io
10
20
10
14
121,476 12
234,314 20
96,618 12
200.000
210,000
200,000
200,000
10
15
Jan,. *75..5
Jan.,’75.. 10
Interest.
Jersey City:
Water loan
100
65
.
.
5
Jan.,’75.25
95
150
106
*
do
93
155
100
.
7k
.
Jan.,’75...8
Over all liabilities, including re-’.nsurance. papltal and profit scrip
tStock dividends of 25 per cent by the Hanover and Westchester, and
by the Home, have since been declared out of above net surplus.
Floating debt stock
30
& J.
.
.
*75..5
’75..5
*74.11
July, *74..!
Feb., ’75.1C
Jan., ’75.10
Jan ,’7'... 10
Feb.,’75.10
Jan.,’75.:0
Jan., ’75. .5
Jan., ’75..5
Jan., ’75.H
Jan,’75.4.80
Apr., ’7 .15
Jan.,’75 .7
Jan., *75..5
Jan., ’75. .5
Jan., *75..5
Jan., ’75..8
Jan., ’75. .5
Jan..’75..6
Feb.,*75..5
Jan., *75..5
Jan ’75. .5
85
145
:02
70
70
•05
Ask.
'lu?'
152k
63
,
.
169,447
67,238
Rate.
96
190
May,75
7
•
72k
Jan.,*75..5
*75. .4
Jan.,
Jan.,
Jan.,
Dec.,
Askd
Boudsdue.
Jan., 75
1884
.
.
io
115,712
187,759
315,753
122,479
50,008
151,863
200,000
200,000
250,000
•
79.363
200,000
300,000
250.000
•
Bid
City Securities.
74
.
7
3
7
3
14,861
136,241 io
174,612 10
80,264 15
121,317
83,445
200,000
150,000
200,000
50
•
.
....
200.000
250,000
10
Paid
[Quotations by Daniel A. Moran, Broker, 40 Wall Street.]
136
100
J. & J.
J. & J.
J.&D.
.
United States
Westchester
Williamsburg City.
5
19,937
322,559
898,751
116,672
825,224
43.U07
125,796
t329,C97
90,653
t885,281
29,741
143,162 9k
10
77,712 10
300,000
150
95
Jan., 75.
7
97)94C
150,000
200,000
100
25
100
25
50
100
100
25
25
25
10
10
5
sk
„
13
10
10
10
10
10
5
10
10
10
4
10
10
10
10
10
11
12k 12k 15
50
29
28
22
10
10
8k
20
20
10
17k
10
10
10
8k
10
10
5
10
io
10
5
10
8L3U6
150,000
280,000
150,000
200,000
300,000
200,(XX)
200,000
2(X).000
2<X),000
150,000
200,000
200,OCX)
200,000
200,000
150,000
250,000
20
20
30
14
10X 17
20
14k •20
10
17
17
10
10
5
10
10
5
11
13
8k 8X 10
20
20
80
10
10
10
!0
5
10
.0
103,654 10
100
98
100
„
20
20
....
...
124
ICO
5
.
366.601 20
474, (X 9 20
119,558 10
26,276
92,615
94,133
200,010
;5 6
j.
J & J.
J. & J.
49,737 10
27,478 10
123,679 10
150,000
500,000
200,000
8,000,(XX)
150,000
TOO,000
200,000
200,000
235
5
4
J
Tradesmen’s
7
900,000
694,000
2,100,000
nroadway A Seventh Ave—stock
1st mortgage
1,600,000
10 2,000,000
Brooklyn City—stock
1st mortgage
iooo
300,000
100
200,000
Broadway (Brooklyn)—stock
400,000
Brooklyn if; Hunter's Pt—stock... 100
181 mortgage bonds
1000
300,000
Central Pk, N. A E. Iiiver—stock UK) 1,161,000
‘8t mortgage
1000
550)000
'...
-a
do
1000
600,001)
650 (X)O
Christopher AT enth Street—stock
1000
Cvieyinland ifc Brook'n—ist mort
307,000
Dry Dock, E. B. tfc Battery—stock 100 1,200,000
1st mortgage cons’d
900.000
100 1,000,000
eighth Avenue—Btock
1st mortgage
1(XX)
203,000
kid St. A Grand St terry—stock.. 100
750,000
1st mortgage
1000
220,000
Central Cross Town-stock
560,000
1st mortgage
'200)000
Ninth Avenue—stock
100
797,000
1st mortgage
1000
167)000
Second Avenue—stock
50 1.(99,500
1st mortgage
!00t)
350,000
t
2d mortgage
10 0
200,000
3d mortgage
1000
150,000
Cons. Convertible
1000
394,' 00
dixlh a r>en He- stock
100
750,OOC
1st mortgage
1000
250,000
Third Avenue—stock
100 2,(XX).0UO
75
75
75.
.
2k Apr..
J. &
Askd
100
5
iDOO
100
100P
Bid.
dividend.
April,
7k April,
4
Oct.,
1
Feb.,
Q-J.
1,850,000
Last
5
A. & O.
1 000,000
Mutual, N. Y,..k
Nassau. Brooklyn
do
New York
2,000,000
300.0!'0
Jersey City & Hoboken
Metropolitan
Rate.
Par Amount. Periods.
209,894 14X
156,907 14
200,000
1,000,000
500,000
200,000
200,000
200,000
100
100
...
.
5
is
20
212,373 13
.
10
20
•...
•.
426 *524
North Elver..
Pacific
Park
Peter Cooper.
i
•
240)411
Niagara
......
•
10
10
20
Prick.
Jan., 75..£
J*n., '7£>. 7
Jan.,’75.7
I’H
.
5
20
14
150 000
100
100
...
7)721
•
•
io
....
390,375
150'000
14
10
•
260,575
1,000,000
300,000
200,000
200,000
200,000
200,(XX>
204,000
National
?7k
35
N. Y. Equitable....
Jan. 2, 75...4
and City R.Vf. Stocks and
Lorillard
Mercantile
Merchants’
100
Jan. 2.75...5
1.75...5
Long Island(Bkly.)
Manuf & Builders’.
Manhattan
Meeh.&Trad’rs’....
......
Mi y
10
10
S
Lafayette (B’klyn)
Lamar.. \
Lenox
133
2k
8
12
11
8
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
1(X)
100
25
50
50
50
:;0
50
50
Knickerbocker
,
Jan. 2.75...5 140
Jan. 2,75.3X 100*
8
3
12
12
3
8
25
100
Kings Co. (B’klyn)
w
126
104
May 1 75...3
Jan. 2,75...6
8*
17
10
10
100
10C'
50
50
Importers’* Trad
Irving
3k JulylS,74.3k
8
Feb. 8, 75. 4
S
50
Firemen’s
Firemen’s Fund....
Firemen’s Trust...
Gebhard
German-American
•Germania
Globe
Greenwich...
Guardian
Hamilton
Hanover
Hoffman
Home
Howard
Jan. 2, 75.. .6
12
12
10
7
100
40
KX)
100
30
14
6
20
200,000
200,000
5C
Hope
.
July 1, 74.Sk
12
%
12
12
12
10
7
3U
IOC
HO
10C
Jefferson
May In,75..4
Jan. 2, 75...5
Jan. 2,75...7
Jan. 2, ’75...4
May, 73...5
Jan.2, 75...4
Jan., ’73. .8
Jan. 2. 75 ..4
.
.
...
.
8
n
.
...
150
Jan. 2,75...4
Jan. 2,’75..4
Jan. 4, 75
.5
Anl. 1,75. .4
8
Clinton
Columbia
10
14
10
w
200,000
City
•
2. 75...4
Jan
8
1
8
10
8
8
10
13
.
......
Feb. ID.75..5
Jan. 2,75..3)4
Jan 2, 75...5
10
Citizens’
Exchange
Farragut.
97
July 1,74...4
Mch. 1,75..4
ll
...
.
io
200,000
153,000
300,000
210,000
250,000
300,000
IOC
25
17
2C
Eagle
Empire City
Emporium
101
200,000
3(0,000
25
Bowery
Commercial
Continental
Jan. 2, 75...5
«
u
5<
3k 10
5
•
10
.
17
12
68,766
5,095
15,438
106,636
200,000
200.000
•
.
244,663
200,000
10C
20
•
E4;SS9
400.000
10C
Commerce Fire...
•
10
8
5C
Amity..
Broadway
Brooklyn
22,:: 7
200,000
-
122X
Apl. 10,75. .4
Feb.l, 74...£
May 1, 74
7
May, 1,75... 8
^ov. 1,74.. 10
8
3
200,000
Arctic
Atlantic
....
May !, 75.,-5
11 2-8
10
20
ICO
Jan. 2, 73.. .<
Jan. 4, 75.3k
Apl.5. '75.2k
Jau. 2. 75
J
Jan. 2, 75.. 4
11
14
15
9
10
8
8
Adriatic
AStna.
American
American Exch’e,
......
Juljrl, 74...4
JulvlO,73.3 k
8
7
8
135
Jan. 2,75...Jan. 2. ’75...f
Meh. 1,75.11
Jan. 2, 75...£
May 1, ’75.. .£
Jan. 4, 75. .-4
Jan. 4. 75...4
Fi b. 1, 75. ..£
4
W
8
......
J. & J.
J. & J.
500.000
Trving
Leather Manufactrs...
Loaners’*
Manufctrers’* Build.*
Manhattan*
Manul & Merchants*.
J. & J.
24
16
li9
Net Stir
Dividends.
PLTT8,
JAN. 1,
1871 1877 1875 1871 Last
1875.*
City bonds
Kings Co. bonds
do
All
do
Brooklyn bonds flat.
7
7
7
7
7
6
6
7
6
do
do *
do
do
do
do
do
do
do
do
do
do
do
do
May & November.
Feb.,May, Aug.* Nov,
May & November,
do
do
do
do
do
do
'do
dc
do
do
do
do
do
do
January & Jol
•.
do
do
do
do
do
do
Jan., May, July & Nov.
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
18i1-76
1901
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
1879-82
1877- •
1899-1902
1872-79
1874-1900
1875-91
92
101
90
lot
101
’.09
101
9»
100
97
108
109
107
110
’101
101
104*
107
101
’103
90
10.5
102
108
99
93
101*
91
101X
101*
110
103
91
101X
9S
110
101
no
101 x
102
102
108
no
102
105
95 1
uri"
103X
101
Broker, 2X w all st.]
January * July,
do
do
,
do
do
do
ao
do
do
do
do
do
do
May * November,
do
do
1875-80
1881-95
1915-24"
1903
1915
1902-1905
1881-95
1880-88
1875-80
1C4*
107
io«x
111
112
110
us
1C8
112
118
111
104
1<2X
108*
1(5
102
106
104
,
[June 5,1875.
544
Expenses {excluding taxes, rents and interest).
3 ni)C0tmcnts
Genera! expenses
Road department
AND
Machinery deuartment
Transportation department
CORPORATION FINANCES.
STATE, CITY AND
Supplement” is published regularly on the last
Saturday of each month, and furnished to all regular subscribers
Tlie “ Investors’
of the Chronicle.
REPORTS.
ANNUAL
54* 1
8'4
19'2
-
30 0
$191,749 79
$273,549 65
'Total
Loss in operating, 1873
Profit in operating, 1874
31
$19,845 25
49,270 86
41,870 11
80,763 57
$20,483 72
107,347 74
45,718 04
100,000 15
$48,861 73
89,365 28
.
From which it appears, that while an increase has been real¬
ized in earnings, amounting to 25 per cent on the gross earnings
of last year, a reduction has been effected in expenses, amounting
to 30 per cent on the whole operating expenses of that year.
“ The operating expenses were 121 per cent of the gross earnings
“
,■
City & St. Paul.
ending December 31,1874).
From the President’s report we condense the following: “ I
present you herewith a statement of the operations of the land
department at the close of the year 1874. This report embraces
the land, and lots mortgaged to secure the land bonds, but does
not embrace lots or lands belonging to the road, and not encum¬
bered by the land mortgage. The portion of country where
the lands of the company lie, has been for two years visited by
locusts, whose ravages not only impoverished those living in the
country, but deterred immigrants fronj coming in. In addition
to the cause named, the conflict of title between our company and
the McGregor and Missouri River Railroad, extending to nearly
half our lands in Iowa, has prevented a larger amount of sales.
Under these disadvantages, the aggregate sales in Iowa and Min¬
nesota have reached 31,997 acres, at an average value of $.7 32 per
acre.
It will be observed that the average price of sales during
previous years, ranged nearly one dollar per acre higher than this
year. There have been cancelled $283,000 land bonds, and there
are on hand $104,702 57 awaiting cancellation.
“The claim set up to a large body of our lands in Iowa has been
contested vigorously, and so far with entire success by the com¬
pany. The claims embrace about 199,000 acres in controversy with
the McGregor company, and over 12,000 acres with certain counties
who claim against us under the “ Swamp Land Grant to the State
of Iowa.”
All these lauds have been patented to the State of Iowa
for our use, and the Legislature of the State has directed the Gov¬
ernor to convey to our company.
Deeds are, however, withheld,
on account of an injunction in a suit instituted against the com¬
pany by the McGregor company.
It will be carried to the
Supreme Court.
Holders of land bonds can exchange them for lands at the
-current selling prices.
Sioux
(For the
year
“
LAND
396,695* 76
184,023'90
212,671'86
11,500 00
8 33
Date.
53,099'32
$410,294 68
7 32
7 73
11,421*55
$99,1:04 31
3,505'25
$31,401 67
14,926'80
$121,205 98
8 73
6 10
9,700 73
$76,458 47
28,471 79
$212,630 23
38,172\52
$289,083 70
7 83
7 47
7 57
Town Lots.
387
22
$44,165 00
$2,590 00
409
$46,755 00
114 12
117 73
114 31
31, 1874.
platform and 6 caboose cars ; ojae-half share of a business car.
The company has a land grant amounting to 904,931 09 acres, of
which 832,613 80 acres have been deeded to it and 72,317 £9 acres
certified but not yet deeded.
A title to a part of the latter is in
litigation with the Winona and St. Peter company.
Deeds
have been given and contracts are outstanding for ,139,019* 14
acres, the total purchase money of which is $850,428 27.
The
total receipts up to the close of 1874 for principal and interest
were $632,382 41, and the land contracts outstanding amounted to
$32S,935 51. The sales during 1874 were 11,881 97 acres for $86,615 37, an average of $7 29 per acre. The grasohopper visitation and
oilier causes materially reduced the sales.
The company holds
$100,000 stock and $70,000 bonds of the Sioux City and St. Paul.
The property is represented as follows :
Capitol stock ($19,672 per mile)..
$2,400,000
Preferred stock,
Debit.
$4,894,541 82
161,856 60
equipment
Special equipment
Real estate for sale
Materials on hand
Land bonds on hand
Interest on 1st and 2d
51,437 41
24,875 71
10,000 00
mortgage bonds, advance coupons paid for
February, May, and August, 1875
Town lot contracts, bearing interest
Bills receivable
.*
3,840 00
9,205 71
3,869 23
1,075 06
;.
671 30
5.107 82
George I. Seney, trustee
Personal accounts collectible
13,998 34
Total
$5,186,478 90
Credit.
Capital stock
$2,800,000 00
1,240,000 00
*
First mortgage currency bonds
First mortgage gold bonds
Second mortgage bonds
500,000
485,000
160,000
1,478
;..
Equipment bonds
Bills payable (not due within the year)
“
third issue
“
“
special
“
“
“
8 per cent
fourth issue
Totol preferred stock
Bills payable
Current accounts
Total.
00
00
1)0
90
$5,186,478 90
A satisfactory
in the following
OF
ROAD.
1873
AND
1874.
Earnings.
Ter cent of
1873.
Freight..
Passage
Express
Mail....
Miscellaneous
Total
$150,149 43
51,325 72
4,093 27
6,085 89
183,900
454,700
400,000
$2,000,000
295,284
($16,393 per mile)
"...
$4,760,337
Total
class, with
preferred stock be consolidated in
lower rate of interest.
a
earnings for the
year
ending December 31, were as follows ;
1873.
1874.
.
.
*
.
$391,755 99
132,194 33
12,497 86
5,583 32
10,037 95
453 87
.
Express
Miscellaneous
Total
.
Working cxucus. s
,.
Not expenses
Gross earninus per mile
Net earnings per mile...
Percent of expenses...,
.
5,392 00
$545,189 72
393,318 02
$539,834 14
$151,871 70
$76,061 50
4,468 00
4,423 00
1,214 00
623 00
86
463,777 59
72
Inc. or Dec,
Dec. $9,417 52
Inc.
4,732 67
Inc.
2,459 91
191 32
Inc.
Inc.
7,389 20
Per ct.
58
10
15 0
,
$382,338 47
136,927 00
7,843 07
Freight
Passenger
Mails
65,053
...
Inc.
Dec.
$5,355
70,454
57
Inc. $75,810 15
45 00
Inc.
Inc.
621 00
14
Dec.
2-4
3'6
24*5
36
1,627*6
ioo-o
10
100 0
16 3
Through freight has increased, although the rates were low
decreased owing
The increase in passenger receipts was entirely
through passengers, and was owing to the running of through
to short crops.
on
from St. Paul to Council Bluffs.
cars
Kansas Pacific
Railway.
(For the Tear ending Dec. 31, 1874.)
Main Line—From Kansas City to Denver
Branch Line— From Leavenworth to Lawrence
Loads Operated under Lease or Contract—Arkansas Valley
Junction City & Fort Kearney
Total miles operated (on which earnings are based)
Number of locomotives
Number of cars for passenger trains
Freight and -construction train cars (8-wh.)
Earnings from pas.-engers
Earnings from freight
.Earnings from other sources..'.
Total earnings
Operating expenses
Net
639 miles.
34
RR...
.
...
earnings
A
full
equipment, &c
of
statement
the debt is
'
**
56
33
“
673 miles.
83
73
1.042
$1,332,94 8 72
1,965,655 15
58,146 08
|3,356.749 95
$1,671,045 57
1,685,704 38
34,365,969 23
given in the " Investors’
Supplement.”
improvement in the working of the road is shown
comparative statement:
EARNINGS AND OPERATING EXPENSES FOR
426,500
Itds recommended that the
Cost of road,
OPERATIONS
534,900
second issue..
“
owing to competition, while local freights have
Railroad and
Le Mars elevator
Sioux City elevator
now to expect for 1875, a
earnings of 1874, and a corres¬
reasonable
the gross
over
(For the year ending December 31, 1874).
This company owns a line from St. Paul, Minn., southwest to
St. James, 122 miles. It is extended to Sioux City, la., by the
Sioux City & St. Paul road, which is under the same management,
but maintains a separate organization and makes separate reports.
The equipment of the road consists of 14 engines and 1 dummy;
6 passenger and 4 baggage and mail cars; 193 box and stock, 53
8 12
BALANCE SHEET DEC.
seem
St, Paul & Sioux City.
Total to
1874.
31,977 04
$234,031 90
21.152 28
$176,262 78
;
ponding increase in the net earnings.”
The
During
1, 1874.
last annual report
estimated.
It would
considerable increase
one
Land.
Prior to Jan.
our
230,121"16
STATEMENT OP SALES.
GENERAL
the net earnings were estimated at
while the gross earnings for the year have been less than
were then expected, the expenses have also been less, and the net
earnings realized have been more by $18,639 28 than the suin
In
$70,726
AcrCS.
Total
638,316'92
| |Nots.—Patents to the State of Iowa are no.v being made for 10.311*41 acres.
Number of lots sold.
Value of sales
Average per lot
NET EARNINGS.
“
“
GRANT.
Deeded to Company by the State of Minnesota...
Patented to the State of Iowa
Of these the State has deeded to Company
Or these are waiting conveyance....
Estimated as inuring to Company in Iowa
Number of acres sold
Value of sales
Average per acre
Sales in Minnesota
Value of sales.
Average per acre
Sales in Iowa
Value of sales
Average per acre
1873, and 63 per cent in 1874.
1874.
DEPARTMENT IN
THE LAND
in
1874.
increase.
$175 519 81
61,619 01
5,583 33
17 0
20 0
36‘4
13,033 61
8,784 02
29,608 90
127 0
$224,687 93
$281,115 07
25'0
41'3
Illinois & St. Lonis Bridge
Company.
ending April 30, 1875).
(For the year
The board of directors, in their
first annual report since the
opening of the bridge for traffic, state that at last annual meeting
there were 1,600 of the third mortgage bonds still remaining in the
treasury unsold, and with the proceeds of these at 60, as well as
with the proceeds of some of the assets of the company, it was
confidently expected that all the construction debts could be paid
off, the floating debt extinguished, and the enterprise started oa
the basis of its
earnings.
C2-
June 6
In this
which
1876]
THE
expectation they
were
545
CHRONICLE.
were disappointed. Large expenditures
not embraced in the engineer’s estimates, were neces¬
opening of the bridge. “ The construction of
traffic had to be pushed to completion, and the
heavy deficiencies on its estimates had to be met and advanced by
the bridge company. These advances amounted to about $280,000,
for an effective
the tunnel ready for
Expenses.
—
Interest coupons on
bonds to January 1, 1875, inclusive
700 27—
$1,748,235 23
sary
exclusive of the sum of $99,500, which the
on the capital stock of the tunnel company.
bridge company paid
The assets proved en¬
tirely unavailable, and the remaining third mortgage bonds could
not be sold at
60—the limit at which onlv sales
were
authorized
.by the stockholders. A loan of $800,000, known as the year loan,
was therefore effected, with the 1,600 bonds as collateral at 50 ;
and with the proceeds of this loan the treasury was enabled to
settle with the Keystone Bridge Company, to pay for the unesti
mated extras, to push the tunnel to completion and to meet the
July, 1874, interest on the second mortgage bridge and first mort¬
A large floating debt had, however, accumu¬
September
coupons on third mortgage bonds. This floating debt we are still
carrying and its unsecured portion (including open accounts and
tunnel indebtedness), amounts at this date to about $500,000.
As the October interest on the first mortgage bonds neared its
maturity, without means on our part to meet it, we negotiated a
loan with Messrs. J. S. Morgan & Co., for the necessary Amount,
upon a pledge of all the net receipts of the bridge.
On this loan
we still owe Messrs. J. S. Morgan
& Co. about $60,000, which
gage tunnel
lated which
bonds.
was
increased by payment of matured
(26,878 37
175,609 70
foregoing you will perceive that our expenditures
$522,859 33 in excess of our receipts. This excess consists
From the
were
of the
following items
:
$162,214 97
91,383 93
Bills
payable
Accounts payable
Due to J. S. Morgan & Co. January 1, 1875, interest on
Due to Illinois and St. Louis Bridge Company
bonds
60,434 44
208,825 99
$522,859 33
GENERAL INVESTMENT
Atchison
NEWS.
Topeka & Santa Fe.—The Kansas Midland Railroad,
running from Topeka to Kausas City, has passed infb the control
of the Atchison
Topeka & Santa Fe Company, ana the trains of
the latter road will
run
over
the the Midland track to Kansas
The first spike was driven May 29, at Grenada, Col., on the
extension of the Atchison Topeka & Santa Fe Railroad, to Pueblo.
A large amount of material has accumulated, and track-laying
will be pushed forward at the rate of a mile per day.
It is
expected that trains will be running to Los Angelos by Aug. 1,
and Pueblo by Oct. 1.
City.
Burlington Cedar Rapids & Minnesota.—Mr. John I. Blair,
president of the company, has issued a circular, from which
When the time for the payment of the January, 1875, interest we gather the following: “ Upon examination of the affairs of
Approached, an agreement was made with Messrs. J. S. Morgan & the company in February, I was convinced that it was hopelessly
Co. substantially providing for the payment by them, during the insolvent; that a part of the trustees of the bondholders were in
about the same condition, and that it was important to all inter¬
year 1875, of the interest on the first and second mortgage bridge
and first mortgage tunnel bonds, upon the company pledging to ests to obtain peaceable possession of all the property, and guard
it safely until I could ascertain the condition of the affairs of the
them seventy-five per cent of the net revenue, and issuing a fourth
mortgage for $1,000,000, the mortgage deed, among other things, company more fully and communicate the facts to the bondhold¬
providing that the trustees shall at any time, whenever in their ers.. To accomplish this it would be necessary for the president
and board of directors to resign. This they agreed to ylo on tho
opinion it seemed expedient and necessary, have the power to enter
condition that I would accept the presidency (which I had declined
upon and take possession of the property, and to administer the
to do),
and that the Hon. W. E. Hodge and Moses Tayloi of
affairs and revenues in manner as provided for in the trust deed.
To this Messrs. Hodge
In order to secure the bridge company for its advances to the New York city would act as directors.
tunnel company, and for the obligations assumed under the agree¬ and Taylor reluctantly consented, also on the condition that I
would act as president; and arrangements were then made with
ment with Messrs. Morgan, the tunnel company executed to the
the stockholders by which several Eastern gentlemen, whose
bridge company a second mortgage of $1,000,000, which mortgage
names I proposed as members
of the new board, were made
was assigned to the trustees of the fourth mortgage.
These seven gentlemen (myself included)
The coupons on the third mortgage bonds, due March 1, had not eligible as such.
Neither did
been paid ; so that on the 1st of April, 1875, the company would never owned a bond on the road, nor do they now.
be in arrears on its bonded interest account to an amount exceed¬ they ever own any of the stock, except such as was transferred to
ing £60,000, without having reduced its floating debt, and without qualify them to be directors. Of the six Western directors, two
never owned a bond or a share of stock ; the others, I understand,
prospect, for sometime at least, of earning sufficient to meet either
the past due or the current interest. Under these circumstances own some stock, but no bonds. Mr. Henry Clews declined to resign;
the trustees, Messrs. J. Pierpont Morgan and Solon Humphreys, in the Board were obliged reluctantly to change the by laws and
expel him. As a general thing the Western directors and stock¬
the exercise of their authority, took possession April 14.
holders could give no satisfactory account of their affairs. They
The President says “ only time and a comparatively small out
stated that Mr. Clews was the financial manager, and had handled
lay of additional capital are required to develop the full earning
capacity of your property ; the traffic over it is only in its infancy, about all the bonds, except a portion of the equipment bonds ;
and the removal of some opposing agencies, and the establishment and they made serious charges against him of unauthorized and
of other necessary auxiliaries, must in a few years put your extortionate transactions against the company. That he, together
with Mr. P. C. Calhoun, were the trustees of the Milwaukee Ex¬
property on a solid financial basis. I am happy to state to you
this fact is recognized by parties representing large bonded tension, and that they signed and put in circulation $320,000 of
that
interests, who have lately been here to investigate the causes of bonds in excess of $20,060 per mile. The road is 94 miles in
our difficulties, and that at our many conferences with them the
length. The issue is $2,200,000; $600,000 of these bonds he sent
most friendly disposition was manifested.
The total balance sheet to Clews. Habicht & Co., London, which they sold and hypothe¬
cated. On the Muscatine Hivision—26 miles in length—they
foots up $13,660,228, of which $6,699,158 is put down for construe
tion proper.
The gross receipts of the bridge in 1874-5 were have issued, according to the account given me, $683,000, which
$286,503, and expenses $98,579. The bonded debt is given in is an excess of $363,000 over the $20,000 per mile. All the cou¬
pons on tli9 above two issues are still out.
detail in the " Investors’ Supplement.”
With regard to Mr. P. C. Calhoun, I may say that about the
St. Louis Tunnel Railroad.'
the time the road passed into my hands his bank prosecuted the
(Foi% the year ending Ayril 30, 1875.)
company in Iowa for $200,000. Their claim is said to be founded
The report says: Since the last annual report and balance sheet upon the company’s notes. The claim of Mr. Calhoun’s bank the
were submitted to you, the tunnel and railroad have been finished
company will resist.
and opened for traffic.
The amount of $7,612,323 would be due the present bond¬
Although the first experimental train
passed through on the 4tli of July, 1874, the structure proper was holders and preferred stock, after foreclosure, in case the payment
not completed until October 1, at which date the construction
of interest should be deferred till 1877 ; and this will answer the
account was closed.
inquiries of many bondholders as to tlie present indebtedness of
It was believed that the moderate charge of one dollar per car this line, and also as to when they might expect the earnings to
for tunnel tolls, would, in a very short time, yield sufficient to pay be applied for their use.
There is due employees for labor to May
the bonded interest, no return being expected on account of pay¬ 1, $105,472.
Taxes due to same date, over $40,000. Amount due
ments on stock subscription.
The course of the railroads, how¬ for supplies, right of way, coal and wood, ties, rent of rolling
ever, in refusing to pay any specific tunnel toll, and in insisting
stock, some iron got lately for repairs, etc., about $60,000. In all
on the
adoption of a schedule of rates by the Bridge Company, over $200,009, which the court makes preferred debts, and which
which should include bridge and tunnel tolls as well as terminal must be paid out of the earnings or otherwise. Locomotives and
charges, and charges for the hauling of cars, resulted in the cars were to remain the property of all the sellers until paid for.
adoption of rates by the Bridge Company, which, with the con¬ There remains yet to be paid for them $50,000 to $70,000. The
sent of your company, embraced also all tunnel charges.
One- engines hired on the road, as well as the car service of other
eixth of all the gross revenues realized from the passenger and companies, are to be paid for monthly out of the earnings. Th©
freight traffic over the bridge and through the tunnel, were,upon engineer of the company estimates the cost of finishing up the
due consideration, set aside as tunnel revenue proper, the cost roads, purchasing five locomotives and 100 additional cars,
and expense of maintenance being separately charged as it respec¬ building
necessary
round-houses, shops, etc., including
tively accrued on each of the structures. Our receipts from the for immediate necessary repairs, 700 tons rails and
different sources were as follows;
45,000 ties, fencing, &c., $300,000. In short, the preferred claims,
From sales of bonds
$1,120,760 54 indebtedness for cars and locomotives, and the last items, together
From capital slock
100,000 00 with the rent of tlie road from Plymonth to Austin, will consume
From toll-*
$8,429 43
Less expenses
4,029 52—
4,399 91 all the net earnings under the best management (unless you furnish
X.
other money to pay for them), until May 1, 1877.
From sundries
215 45
In this state¬
ment of indebtedness, and estimate of wants and earnings, I have
$1,225,875 90 included all the
roads, considering them as one. There is still
Our expenditures were as follows :
another incumbrance on the rolling stock, which is a second
For c.onstruct'on
$1,202,503 56
mortgage bond made by the company, known as the income and
For damages (houses, &c)
$82,563 05
For right of way
equipment bond, and which is for $2,000,000, covers all the roads
:
5 909 75
Real estate
255.276 80— 343,749 60 and equipments, and specifies certain cars, and perhaps, some other
articles. Some of these bonds are reported to have been so^d, but
Charter and legal expenses
$14,341 03
it is believed that they were generally hypothecated.
Interest and discount
11,431 07
amount is included in the above statement of
floating debt.”
the
‘
“
,...-
general
“
I recommend the organization of a company under the
laws of Iowa, under the name of the Burlington Cedar Rapids & St.
Paul railway, for instance, who shall purchase or take the transfer
of the different roads under the foreclosure, for the benefit of the
a consolidated 7 per cent currency mortgage be
then made on the whole road, property and equipment, not to
exceed $10,000 per mile, and given pro rata to the holders of the
bonds on the different lines and extensions, after the relative value
of each shall have been mutually adjusted among the holders of
said bonds ; that preferred stock be then given for the balance due
on the original
bonds, together with all interest on deferred
bondholders; that
coupons,
till May, 1877.
Finally, the rights of the
common
stock
holders should be remembered, and they should receive stock to a
certain extent, so that after the bondholders and preferred stock¬
holders have been paid 7 per cent, the remainder, if any,should go
There is $6,000,000 of common stock out, for which
holders along the line paid par.
The following is a condensed statement of indebtedness and
to them.
many
44
claims
[June 5, 1875.
THE CHRONICLE
546
:
on the line from Burlington to Plymouth
Coupons due May 1, 1S75, and interest
Bonds on Milwaukee Extension and interest
$5,400,000
Bonds
1,120,000
2,500,000
1,025,000
1,008,000
;
Bonds on Pacific Extension and interest
Bon^s on Muscatine Western Extension and interest
Income and equipment bonds
2,000,000
Preferred debt and incumbrances
$13,953,000
270.000
6,000.000
Capital stock
Floating debts
.
1,500,000
$21,723,000
Total
California
'
Pacific Railroad.—The
Vallejo Chronicle pub¬
ceipts for the year to be $7,400,000 ; net earnings, $3,534,283; the
surplus April 1, $6,542,929.
Connellsville Railroad.—A meeting of the stockholders of the
Pittsburgh & Connellsville railroad company was held recently in
Pittsburgh. There were 29,913 shares of stock represented in
person and by proxy.
The President of the company stated that
the object of the meeting was to consider and take action upon the
ordinance of the Mayor and City Council of Baltirffore for the relief
of this company, which ordinance requires the assent of the com¬
pany thereto.
By the terms of the ordinance this company’s second mortgage
bonds held by the city of Baltimore, amounting, principal and
interest, to abcut $2,687,000, are sold to the Baltimore & Ohio R. R.
company for the sum of $1,000,000, being about 40 per cent of their
par value, and payment to be made in the bonded obligations of
the Baltimore & Ohio railroad company, maturing in annual
instalments running until the year 1900.
A resolution was adopted, giving the assent of the stockholders
to the proposed agreement.
The question was asked at the meeting, what would be done in
relation to the interest in the company hela by the county of Alle¬
gheny, when the President stated that an offer had been made by the
Baltimore & Ohio railroad company to the Commissioners of the
sinking fund, to purchase for cash the second mortgage bonds of
the company owned by the county, for 40 per cent of their par
value, which, if accepted, will relieve the Pittsburgh & Connells¬
ville railroad company from its embarrassments, and will enable
the Baltimore & Ohio railroad company, without undue risk, to
advance the further means necessary to perfect the Pittsburgh &
Connellsville railroad and its connections.
lishes a report that a compromise has been effected between the
German bondholders and the Central Pacific Railroad Comoany,
in the California Pacific Railroad suit, on a basis satisfactory to
the former. It says, May 14 :
“
We are now able to state that the report is correct, to the
extent of the agreement of a majority of the parties interested.
The terms of settlement are as follows: The railroa d company
are to pay fifty percent, of the principal of the extension or second
Lafayette Bloomington & Miss.—The bondholders of the
Lafayette Bloomington & Mississippi and the Lafayette Muncie &
Bioomington Railroads met this week at the Toledo Wabash &
Western Railroad office, at No. 13 William street, to devise
measures for the protection
of their interests. These railroads
are
leased to the Toledo Wabash & Western Company, which
defaulted Feb. 1 on its interest and rental obligations. After
some
discussion on the terms of the leasns of the two roads,
mortgage bonds when they fall due; but are to pay full interest Henry K. Sheldon, John T. Martin, E. K. Lyman, S. B. Chitten¬
(seven per cent.) on the whole amount. The whole amouut is den, Jr., and George J. Siney were appointed a committee to
$3,500,000, so that the company will make by this part of the devise measures for the protection of the rights of the bond¬
transaction the present worth of $1,750,000 at seven per cent., due holders and others interested in the roads.
fourteen years hence, the bonds being payable July 1, 1889.
“The first income bonds, of which the issue is $1,000,900 at ten
per cent., and the second income, or double-track bonds, of which
the issue is $1,600,000, at six per cent., are to be paid in full, but
the interest cut down to three and a half per cent.
These two
last mentioned issues are supposed to be mostly owned by the
Louisiana
State
Bondholders.—At
a
general
meeting
o
Louisiana bondholders, held at the Council-house, in London, on
the 19th of May, 1875, the following resolution was unanimously
passed
:
Resolved, That whilst adhering to the protest a^ains't the arbitrary reduction
of
principal and interest imposed
upon
holders of bonds of the State of Louisi¬
company’s directors or their friends. If this agreement is tatified, ana by the provisions of the Funding Law of January, 1874, the bondholders
of which there is little doubt, a majority, as we before remarked, now assembled, having c nsidered the present state of affairs and the report of
their committee appointed at the general meeting held in March. 1874, are of
favoring it, the California Pacific will come under the complete opinion that the outstanding bonds he.present.ed for conversion under protest,
and that, on receiving sat sfactory evidence of said conversion, t ie Council of
ownership of the Central Pacific people.”
foreign bondholders be invited to issue certificates of claim for ihe loss forced
Canton Company.—The annual meeting of stockholders took upon the bondholders.
place in Baltimore, June 3. In person and by proxv 32,931 shares
Macon & Brunswick.—The Macon and Brunswick Railroad
were represented.
The annual report of the President and Direc¬ was bid in by the State, at the sale in Macon, June 2, for
tors, and of the Treasurer and trustees of the sinking fund, anc
the President of the Union Railroad Company were submitted. $1,000,000.
N. Y. Central and Hudson.—An election for directors and
The following gentlemen were elected directors for the ensuing
inspectors of election of the New York Central and Hudson River
year: Abram B. Baylis, Louis Von Hoffman, James B. Colgate
Railroad Company was held at Albany this week with the follow¬
ana William Butler Duncan, of New York; Charles J. Baker,
ing result:
George S. Brown, William G. Harrison, Charles Weber and S.
Directors—Cornelius Vanderbilt, William H. Vanderbilt, Wil¬
Sprigg Belt of Baltimore. The vote of all the shares represented
liam K. Vanderbilt, Augustus Schell, Samuel F. Barger, Joseph
was unanimous for the gentlemen elected.
The by-laws of the
Harker, Chauncey M. Depew, John E. Burrill, New York ; Henry.
company were amended, so that hereafter the annual meeting of
the stockholders for the election of directors shall take place on R. Pierson, Walter S. Church, Albany; Chester W. Chapin,
the second Wednesday of June, instead of the first Thursday,and Springfield, Mass.; George J. Whitney, Rochester; James M. Mar¬
the first meeting of the Board of Directors after their election vin, Saratoga Springs.
shall be held on the third Thursday in June.
Poughkeepsie & Eastern.—The bondholders who bought this
Central of Iowa.—In the United States Circuit Court, district road at the foreclosure sale have organized a new compauy under
of Iowa, on Friday, May 14ib, 1875, in the suit of the Farmers’ the name of the Poughkeepsie Hartford & Boston Railroad Com¬
Loan & Trust Co., Trustees, against this company, it was ordered pany.
St. Louis Alton and Terre Haute.—A circular has been
by the court that Lewis Fisher, Esq., be appointed master to
the court the amount of the bonds issued and outstand¬ published signed by several firms and individuals well known in
report to
ing of first, second and third mortgage bonds each. Also, whether the stock market, and making serious charges against the ad¬
said bonds we>e legally »nd properly issued and sold in the mar¬ ministration of this company’s affairs. These charges are to the
ket for a valuable consideration.
Also, how many bondholders effect that the committee charged with the reorganization of the
(and how many dollars are represented bv said bondholders) have road, in addition to voting themselves cash compensation for their
expressed a claim fora strict foreclosure, preserving the priorities services, retained $280,000 worth of bonds for which they have
of liens as they now are, or may so express their preference before
never accounted ; that some of the directors of the company were
the making of such report, and how many have expressed, or interested in the Belleville and Illinois Railroad Company which
may express before such report, a preference for a foreclosure the St. Louis Alton and Terre Haute is operating under a lease,
and sale for cash.
Also, that such master report such other and and that the terms of the lease were for the benefit of the directors
further information as will enable the court to enter a final instead of the St. Louis Alton and Terre Haute Company.
decree in this case.
On Tuesday last application was made to Judge Lawrence, in
Supreme Court, Chambers, on behalf of Mr. F. Mot.t, a stock¬
Chicago & Northwestern.—A despatch from Chicago, Ill.
June 3, says: The annual election was held at the office of the holder and bondholder in the St. Louis Alton and Terre Haute
company here to-day.
All the former officers (directors ? ) whose Railroad Company, fora mandamus against Henry A. Crosby, who
is claimed to be transfer agent of the road in this city, directing
terms had expired were re-elected, with the exception of George
S. Scott, who was replaced by S M. Mills.
permission to be given to see the list of the bondholders. It was
claimed that the object is to find out the voters by proxies, and
Chicago Rock Island & Pacific Railroad.—A Chicago tele¬
put a veto to that sort of voting. Judge Lawrence subsequently
gram of June 2d, says: The annual election of officers of the
Chicago Rock Island & Pacific railroad took place here to day. granted the mandamus.
The four directors retiring und^r the classification system were
St. Paul & Sioux City.—A special telegram to the Inter Ocean
re-elected, as follows: Francis H. Tows and (’has. R. Marvin of states that articles of agreement for the issue of consolidated pre¬
New York.
Milton Courtright of Eii* and Henry H. Porter of ferred stock had been filed by the managers of the St. Paul & Sioux
Chicago. John F. Tracey was re-elected President; Hugh Riddle, City railroad at the office of the Secretary of State.
The
Vice-President, and F. H. l ows Secretary and Treasurer. The new agreement retires $534 900 of preferred stock. The second issue
Executive Committee are* Hugh Riddle, F. H. Tows, John F.
j of special stock to the amount of $183,900 and third series, preTracey, William L. Sco:t and David Dows. The proceedings were | farred, stock to the amount of $426,500 is retired, and there is issued
entirely harmonious. The financial exhibit shows the gross re¬ in lieu thereof $1,300,000 of consolidated preferred stock. This
’
June
5, 1675.]
action is taken in pursuance
;
of the act which
was
passed by the
legislature to facilitate the construction ot the Southern Minnesota
Railroad, and to amend certain acts approved March 4, 1864,
authorizing the Minnesota Valley, now the St. Paul & Sioux City
Railroad, to create and issue preferred stock under certain condi¬
tions.
Further articles of agreement were filed at the same time
by the same road and under the same act for the .issuance of pre¬
ferred stock of tjie fourth series to the amount of $400,000.
South Carolina State Finances.—The funding of the State
debt is said to be progressing rapidly, and the amount of old
debt now
547
THE CHRONICLE
funded is about $6,000,000.
Charleston has given its
decision in the suit of J. P. Southern, G. W. Williams, and J. P.
Law, assignees in bankruptcy of the Blue Ridge R. R. Company,
—The United States Circuit Court at
said bonds at
maturity. With regard to the interest the act is not equally
But so far as its express provisions go it provides this mode of pay¬
ment: All compensation for services rendered for the government shall be
applied to the payment of said bonds and interest until ihe whole amount is
fully paid; and after said road is completed, until said bonds and interest are
paid, at least five per centum of the net earnings of said road shall also be
annua'iy appli d to the payment thereof. It is a fundamental principle of law
that when ohe man pays money lo the use of another, a present debt imme¬
diately ensues. But it is doubtful whether this can be interpolated into a
statute, ana it is not app lea hi e when there is an express agreement which
prescribes a different time or a specific mode of payment. These provisions
of this statute are not followed by a declaration saying, in effect, that if a
balance of interest remain after the application of these sources of payment,
such balance of interest shall become immediately due and payable. On the
contrary, the time and mode • f payment so far as they are expressly desig¬
nated by the statute are satisfied by the Mpplication of the moneys derived
explicit.
from those two
sources.
*
*
*>*
*
*
*
*
“Moreover, and this is the chief point in the case, the statute make no dis¬
tinction between principal and interest,nor indicates in any way that the
debt for the
one
shall mature at
a
different time than the debt for the other.
against the Comptroller General of South Carolina and others. Furthermore, a previous section of the statute declares that for the amount of
involved the validity of $1,800,000 revenue bond scrip said bonds, together with all interest between wnich shall have been paid by
issued by the State in aid ot the road, and commonly known as the United States, shall constitute a mortgage upon the road. In the present
predicament of the transaction the government is largely in advance for
Blue Ridge scri;>.
The assignees sought to compel the State interest,
ana then* at first appears to he no consideration received which
officers to recognize its validity, and receive it for taxes, etc. should bind it to suffer a
serious, if not disastrous, loss. But, if we reverse
The Court held that a bill in equity would not lie against the the condition of affairs, it will be seen that a similar loss would lall upon the
*
*
*
State officers to compel a performance of a contract made by the company, and a corresponding gain ensue to the government.
State.
The State itself must be a party, but the Court could not of Now, when statutes have provided two sources for the payment not only
interest, but of a great deal more—that is to say, a portion of the principal
compel it to become so. The Court also held that the rights of before it becomes due—what reason can there be for the judiciary to interpo¬
late by mere construction a third source into the statute? Assuredly none.
the parties had been determined in the suit in the State Court.
If the statute had
The case
“
The Railroad War—Baltimore & Ohio. —President Garrett
of the Baltimore & Ohio Railroad, was in Chicago latel}7, and in
conversation with a reporter of the Tribune of ihat city, in regard
to the railroad war, is reported as saying : That it depended
the Pennsylvania Railroad managers to terminate
conflict. As far as he was concerned, he would n^ver
move
an inch from the position he had taken.
As s->on as the
right was conceded to his road to enter New York over the Penn¬
sylvania Railroad, as he had been doing for thirty years, and to
make such rates from Baltimore and Chicago as he chose, he was
ready for peace, and not sooner. He would not meddle with the
entirely
on
the present
rates from
Philadelphia and New York, and would be willing to
maintain any rate the roads at those points should adopt.
If this
is a correct representation of Mr. Garrett’s views, we are inclined
to think that the public will say he is right in claiming the
privilege and fixing rates over his own road ; but how can he
claim any right to run over Mr. Scott’s roads on any terms. This
demand seems to be altogether extraordinary and unreasonable
in view of his bitter hostility to the latter.
The N. Y. Evening Post says: In regard to railroad paper we
hear on all sides that there has been of late more of the Baltimore
& Ohio than of any other company offered, the rates being 4 per
cent lor four months and 5 per cent for six months.
The broker
who usually markets this paper, and who is an authority so far as
his knowledge extends, informs us that it is a mistake, that the
Baltimore & Ohio has sold “scarcely any paper here for a long
time.” On the other hand a banker entitled to credit, and in no
stopped without interest, and had provided that the
remainder, if any, of the transporta ion should be paid to tne company, there
*ould be fcood reason for saying that a reciprocal objection was implied, and
that the company should be held liable to make the interest account whole.
Bui in the plight whi h Oongres- h s placed ihe reciprocal and intermingling
rights and interests of the parties, we perco’ve no r< ason why ihe government
should consider the varying bal llices of its advances a liquidated present
debt, subject to immediate collection.
******
In contemplation of law, the wrong and injury of 'which the government
complains are entirely of its own choosing. Courts of law cannot be invoked
to aid persons when they themselves po-sess the means of redress.
If an
ordinary party were to come into another ourt with such a complaint, he
would be told, Either you have artfully withheld this employment from the
other cuitr ctor, or you have been enabled to furnish it to him. If the
former supposition is the fact, then the fault is your own, and jrou cannot
ascribe wrong to one who you confess has always been willing to repay you
in the maimtr which your agreement prescribes. If the latter is the fact,
then, because the sources of payment which you provided disappoint you, and
because the payment in kind which you elected to take gives you more of the
transportation service than you really require, you are trying to shift your
loss to other shoulders than your own. Your misfortune is really this, that
you made an improvident bargain.”
“
Vermont Central Railroad.—The question as to the validity of
the election of the two Boards of Directors of the Central Vermont
Railroad Company has been submitted to the consideration of
Judges Redfield and Paine, of Boston, and other prominent
counsel.
After
they have given
a
full examination of all the facts and papers,
an
elaborate opinion sustaining the action of the
leaving the
old board and the sale of the stock of the company,
old board the legally constituted Board of Directors.
Virginia State Finances.—Messrs. Thomas Branch & Co*,
bankers, in Richmond, have lately issued a circular, from which
that the Baltimore & we extract. Referring to recent legislation they speak of the
here within the last introduction ot a bill to stamp coupons, charging a tax therefor,
I the pretext being that the State might be defrauded by counter¬
two months, amounts to several millions of dollars.
Also “ It has of late been suspected that his (Mr. Garrett’s) feit coupons; this scheme was defeated in the House, and was at
zeal to show the country that his line was not injured by the cut¬ | once followed by an ingenious plan of allowing a discount to tax!
ting competition, which in reason must injure every line engaged payers for cash, which passed the House by a curious combination
in it, has led him to make statements which are, to say the least, of votes ; but was promptly thrown out of the Senate, receiving
misleading. For instance, when he claims that liis road was no support. It was of course understood that the courts would
not sustain either scheme; but their advocates succeeded in
never earning so much as of late, would it not be fair to say that
the mileage was never so large as of late, that last year his new defeating any appropriation to pay interest on the debt not repre¬
line to Chicago was unfinished, and of course there were no re¬ sented by coupon consols, except a conditional authority to the
ceipts from it? Iu regard to the trade of Baltimore, the figures Governor, Treasurer, &c., to pay a part of it (not exceeding twowhich show the exports of Western produce from that port tell a thirds), when the condition of the treasury should warrant it.
very different story from that which Garrett tells.
These figures The only other financial legislation was the re-organization of the
show the exports of the articles named from Jan. 1,1875, to this sinking fund, and a permanent annual appropriation for its main¬
tenance, which will furnish a steady market for the lower classes
time, as compared with the corresponding time in 1874 :
of State bonds.
The result of the past two years legislation may
1874.
1875.
10,404 be said to have demonstrated that consols cannot be successfully
8,841
Corn Meal, bbls
way connected with current speculation, says
Ohio paper held in this market, and bought
1,4*0,048
735,871
735,871
3,507,791
..
2,878,529
619
Beer, bbls
Lard, lbs
Pork, bbls,...
3,641,054
975,655
Wheat, bush
Corn, bush..
Bacon, lbs...'...
180.662
182,416
182,416
Flour, bbls
•...
806
4,167 257
4,167 257
7,595
7,558,598
8,798
Union Pacific.—The case of this company in the
against the U. S. Government, for the recovery ot over
$500,000 retained for government transportation, was decided on
ant
The following
are
import¬
pcints of the opinion :
“The
things which the government
No careful estimate of the income to be derived from the revised tax bill
yet been made. but. it can hardly fall short of
$2,700,000
Of this amount there will be paid in tax receivable coupons
1,080,000
has
—•
agreed to do or not to do form the
only subject for judicial determination. When the project of embarking: the
United States in this e terprise by loaning government funds to the Pacific
railways was sanctioned, these contingencies must have been contemplated by
Congress : (1) that the earnings of the company in the way of government trans¬
portation would be substantially equal to the interest of the bonds, a contin¬
gent y not unlikely, although the government could regulate the quantity of
freight which it would send over the road; (2) that the earnings of the company
would he materially greater ihau the interest, a contingency that would remove
all question of present indebtedness, and tend to reduce the principal of debt
long before the bonds would mature; (3) that the earnings and five per cent,
would be materially less than the interest a contingency that has actually
happened. The amount which the government was to loan to the company
was known with tolerable certainty, and the earnings of the company could
be found, with some approximation to truth, by ascertaining the quantity of
freight which the government, would be likely to send the road, and the rates
which would probable he charged. It was within the power of Congress to
have provided that each party should pay its debts to the other as they ac¬
crued, and it was also within its power to make some other and more compli¬
cated arrangement by which each, to some extent, should share in the risks
of
the enterprise,
and participate, to some extent, in the suc¬
cess.
The simplest form
of transaction would have been th&t
—
1,300,000
Expense of State as estimated by Auditor
$320,000
Surplus
The surplus will be applied to the sinking
balance to paying part interest on the non-consol
statement corrected to 1st
•
$1,620,000
Net cash revenue
Court of
Claims
the 31st ult., in favor of the company.
assailed.
April is
as
follows
:
Coupon consol bonds carrying coupons receivable for
taxes
Regist red bonds convertible into the foregoing
Bonds funded under the amended Act (coupon
interconvertible), coupons not good for taxes
West Virgi lia (one thir ) certificates
Unfunded bonds, all classes, including all lost and
fund, and any
debt. The debt
$18,000,000
2,200,000— $20,200,000
and registered
3,800,100
12.000,000
destroyed bonds 9,000,000
are thrown on the mar¬
*
.
540,000 tax-paying coupons mature and
January and 1st July. The price has averaged 80@83
January and July, and 90 <£92 June and December. Tax-payers
buy freely. The market is now bare. We quote them at 90,
•while the bonds are 57 (coupons off), at which price they pay about
ten per cent on cost, besides being exempt from State and muni¬
cipal taxation in this State, and in consequence they are becoming
ket 1st
a
favorable investment at home.
Wilmington & Reading.—The stockholders of the Baltimore
Philadelphia & New Yo<k, and the Wilmington & Reading Rail¬
road Companies held their respective meetings. May 31 and 29,
and approved of the agreement entered into by the directors a
the one party should pay the freight hills whenever they were presented and
that the other should refund the interest so so n as it was advanced. Was
short time since for merging and consolidating the latter com¬
that the substance of ihe obligation which Congress assumed toward and
pany with the former.
Robert Frazer, of Philadelphia, was
exacted from this company ? The act of 1862 fixed tne time when the prin¬
elected president of the new organization.
cipal of the debt should become due by saying that the company shall pay
543
£BB CHRONICLE.
Exports of Leading Arlieloi from New If or it.
The folio wing table,compiled from Custom House returns,sho^s
the exports of leading articles from the port of
since
Commercial Cimes.
(iiiiium irroiii
Night, Jane ’4, 1875.
The
weakening of speculative values has continued to make progress,
attended by an increase in the export movement of leading
staples. During the past two or three days there has been a
considerable decline in cotton, breadstuff's and provisions, in the
Friday
There
are
few
new
[Jtine 5, i375.
features to note in the state cf trade.
New York
January 1,1875, to all the principal foreign countries/and also the
totals for the last week, and since January 1. The last two lines
show total values, including the value of all other articles besidfg
those mentioned in the table.
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Thus a combination of circum¬
shipments. We are rapidly approach¬
ing the “dull season'* in home trade. The weather lias been
rather cool for the crops, and some complaints of drought begin
face of
an
advance in gold.
stances have lavored free
to be
heard.
•
The following is a statement of the stocks
of domestic and foreign merchandise, at dates
of leading articles
given:
June 1.
7,244
71,779
7,197
61,420
21,209
8,891
7,607
hhds.
22,267
bags. 100,172
bags. 69,460
mats. 31,465
...
Coffee, other
Coffee, Java, &e
.
bags.
2,300
hhds. 116,819
124,355
boxes. 83,276
bags, etc. 192,610
28,659
117,500
r/J
hhds.
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4,660
114.90J
11
144,610
179,507
61.233
3,889
7,065
62.076
J
0)10
15,300
11,200
1,710
..
.
3,634
16,365
1,115
4,000
14,.00
4,0 0
6,500
21,100
51,500
bales.
Manilla hemp
72,100
bbis.
994
550
8.300
2,100
66.161
18,000
rt
4,672
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1,365
.
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1,114
reduced 2(g5c. per gallon. Sugars have been active for raws, and
prices have been advanced ^c. to 8£(3)8fc. for fair to good refining
Cuba, 8£c. for No. 12 clayed, in boxes, and ll£(a)llfc. for standard
crushed refined. Layer raisins were quiet and unchanged at
$2 25. Valeucias quoted at 10c., currants at 6c., and Turkish
prunes at 7$tt>7fc; Leghorn citron at 241c., and sardines at
25£@261c. for half boxes, and 14$l4£c. for quarter do.
There lias been a further material decline in pork and lard,
with a pretty uniform weakness in liog products, although no
abatement in the cost of production can be quoted.
Mess was to¬
day down to $19 50 for July and $19 90 for August, but on ad¬
vices of an advance in Chicago, rallied 15035c. from the lowest
point. Lard was down to 14^c. for prime Western on the spot,
and for the early futures, after early sales, at
13f@l4c.
Bacon lias been depressed and dull.
Pic ;led meats have been in
good demand at llf ail^c. for rib bellies in bulk and life, for
Western hams in tierces. Scearine has sold pretty freely at
15f@154c. for prime Western, but closed dull. Tallow lias
brought 8£@9c. for choice, but closes quiet at 8fc. for prime. Beef
lias been fairly active at the recent decline. Butter has been
steady for the better grades, but for other qualities prices have
been irregular.
Cheese, at ll@l.?c. for prime to choice factories,
lias been in brisk export demand.
*
Kentucky tobacco has continued dull and weak at 9^@124c. for
lugs, and 14@25c. for leaf; the sales for the week were only 350
hhds. of which 200 were for export, and 150 for consumption.
Seed leaf has been in fair demand and about steady; crop ac¬
counts are unfavorable; the sales embrace: crop of 1871, 100
cases Connecticut, ou private terms; crop of 1872,40 cases do. at
18c.; crop of 1872 and 1873,96 cases do., at 11c.; and 403 cases
Wisconsin at 7f(a)8fc.; crop of 1873, 39 cases do., at 7(S>7fc ; 40
cases New York at 9c,; and 197 cases Pennsylvania, part at 20c.;
and crop of 1874. 33 cases Pennsylvania on private terms. Span¬
ish tobacco has remained Jsteady, with a moderate business ; the
•sales were 400 bales Havana at 88c.@$l 15.
Ocean freights further advanced under an improved demand
and reduced offerings of room ; toward the close, however, a
decline took place in berth room ; charters, however, remained
firm. To-day, there were engagements of grain to Liverpool by
8d., cotton at 5-10d., and lard at 3s. 6d. Grain to London
by sail 84d., and flour at 2s. 3d. Grain to Cork for orders 6s. 3d.
per quarter; do. to Havre or Antwerp 5s. 9d.
Refined petroleum
to Genoa, Leghorn or Naples 4s. 3d.
Refined petroleum to the
12f@12^c. for spot and all June delivery ; crude in bulk is in
the same position ; quoted at 6^:a6fc. Rosiu lias declined, closing
moderately active and steady at $1 85@$1 90 for common to
good strained. Spirits turpentine has latterly declined to 33£c.,
leading to more activity. Ingot copper shows a decline in the
sale of 200,000 lbs. Lake at 22$c. cash.
In steel rails there has
been a sale of 10,000 tons on private teims ; quoted at $75.
American pig iron is dull and weak, at $27 for No. 1.
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steam at
Baltic 5s.
Tobacco from Baltimore to Amsterdam 22s 6d.
There lias been a decided break in refined petroleum, exporters
have withdrawn from the market, leaving it weak and nominal
of
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2,331
35,500
15,000
14,500
15 300
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Coffee has been dull for Rio, and some accumulation of stocks
has taken place, but of milder grades tne movement has been
free. Rio quoted at 17@lS|c., gold, for fair to prime cargoes.
Rice lias been fairly active, but at drooping prices. Molasses bas
has been dull, and, under accumulating stocks, prices have been
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— aj
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coco
co
at
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bales.
...‘'ales.
Jute
Jute butts
*
’
3.800
275,460
bags,
bags.
SaUpetre
L-
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•
© r*- to
• 03 trr
j co
r"1 S £-
t-
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>1-10
JO
■
4,500
5,721
•
•
•
xr xr
1,134
bids.
Linseed
.
to
4,524
bags.
bbis.and tcs,
bales.
bales.
Rice, E. I
Rice, domestic
Gunny cloth (Cal.)
Gunny bags
T-
V
2.512
bids.
Tar
© o eo
■
in
s
as
No. 107,600
bales. 121.148
bbis. 42,114
.xcninoot-^Oi-iMicoio
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’
...bbis.
Spirits turpentine
xfooio
■?> in
hhds.
Molasses
Molasses
Hides
Cotton
Rosin
Ashes
7,369
3,379
fl
<a
h
16,150
69,433
259
-
p
•
30 in
.
’
x^
of
78,045
"1,318
• ©
• o • CD
t-T *
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—
2.04*
Sugar
Sugar
Sugar
.<m w co
co
,
•
J
13,642
6,112
19,521
42,-91
.©©©-©©
^ © © eo co
*
*
39,555
40.351
39,693
59,141
Cocoa
Melado
XT
'Ci-o
©
cm'
t? j£3 © at c- at
O u >
11,4214
66,942
bales.
Tobacco, domestic
Coffee, Rio
«
May 1.
tcs. and bbis.
bbis.
Tobacco, foreign
.2
XT ©
1875.
18T4.
June 1.
Beef
Pork
aS
1-0?.
i- 1.0
—I
zj
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.
—
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i
549
THE CHRONICLE.
1875 J
June 5,
Import* of Leading ArtLelem
table, compiled from Custom House returns
shows the foreign imports ot leading articles at this port since
Jan. 1,1875, and for the same period of 1874 :
[The quantity is given in packages when not otherwise specified.]
The following
of 44,159 bales, of which 36,643 were to Great Britain, 4,286 to
France, and 3,225 to the rest ot the Continent, while the stocks,
as made up this evening, are now 2SS. 161 bales.
Below are the
exports and stocks for the week and also for the corresponding
week of last
season.
Exported to—
Since
Since
Same
Jan.1,’75. time
Metals
3hina, Glass and
Glassware
4,845
16,307
2:4,82f.
176,203
12,28.1
4,SOS
10,324
Glass plate.,..
Buttons
Lead, pigs
Spelter, lbs
....
Steel
39,037
bbls
335,741
623,028
686,805
41,200
1,097
1,766
Champagne, bks.
36,671
Wines
69,607
46,710
58,253
25,851
18/250
12,139 Cigars
$693,405
$911,037
Corks
23,292
376.063
16,065 Tea
10.337 I Tobacco
11,091
14.491
2.442 ! Waste
2,3.'0
253
20,033
2,024
1,646
2.048
{Wool, bales
2,170
86t \ Articles reported
447
value —
820
570
Oils, esseutial..
Oil, Olive
Opium
Soda, bi carb....
Soda, sal
j Wines, &c—
662
4.325
Madder
15.892
076
403
by
11,400
20,! 06
Fish
112,457
89,389
26,020
17,411
Fruits, ifec.—
4,61)1
3,426
5.231
Lemons...
2,48!)
Oranges
219,724
1,401,739
238.484
1,13°,871
700
479
1,891
62,021
Hemp, bales
Hides, &c —
21,350 Fancy goods
27,684
387,425
25.815
Sodaash
Flax
Furs
Gunnv cloth
Hair
1,619
506,57&
661,353
1,823
1,405
406
329,4 *.[
53,915
372,265
54,190
Hemp
Hides
...
.
25.934
61.161
....
1, 18T5, and for
Oil cake....
110,311
3,093
30,437
79,127
369,841
322,310
264,915
pkgs.
210,500
210,169
783
19,757
1
...
| Cutmeats.
46.565
876.395
51..'23
372.215
32,226
212,673
65,343
32,513
279,993
100,523
561,450 |
Eggs
Pork
34,354
...
1,230
811,023
6,788
172.242
..
92.059
3 47*
6,756
Spirits turpen...
22,222
27.248
.kegs.
pkgs.
9,566
148,770
9,880
32,805
.
216,699
14.938
|
331
35.627
2,262
284
8.349
6.577
79,724
17,560
86,876
Whiskey....
14,814
82,309
39,656
96,959
Wool
bales.
Dressed Hogs..No.
16.778
18.098
46,822
106,793
jTobacco
.
j Tobacco....
157,251
I
14,269
160,029
20,030
11,220
155,£04
11,183
15,78.7
165,509
6,711
888,500 jritearine....
bbls.
7,750 i Sugar
1,52 4,7i 3 • Sugar
22,794 /[’allow
.pkgs.
zl,007
263,099
84,332
203,9-59
.......
.
Beef
Lard
Lard
467,304 'Rice
1,612 Starch
316,420
.hhds.
1
COTTON.
By special telegrams received to-night from the Southern Ports
in possession of the returns showing the receipts, exports,
fee., of cotton for the week ending this evening, June 4. It
ippear3 that the total • receipts for the seven days have reached
LI,789 bales, against 17,302 bales last week, 18,372 bales the
previous week, and 19,908 bales three weeks since, making the
otal receipts since the first of September, 18 74, 3,408,425 bales,
igainst 3,714,006 bales for the same period of 1873-74, showing a
(veare
ptember 1, 1874, of 305,581 bales. The details of
receipts for this week (as per telegraph) and for corresponding
...
New York
Florida
No. Carolina...
Norfolk*
Other porta....
previous years are as follows:
bales.
1375.
2,334
r
8,439
1,270
5,523
1,899
1,874
766
North Carolina
Norfolk
838
1,349
2,6*1 i
1,878
285
95
915
131
1.397
371
2,127
2,3-33
3,989
3,725
14
378
7
189
134
1,921
3,917
3,517
\
4,190
2,429
41
31
206
11,789
17,203
25,130
13,117
Totalslnce Sept.l... 3.408,425
>orts lor the
3,714,006
9
3,433,258
week ending this
2,653.235
2,311
2,379
2,551
5,4L'l
3,948
1,593
2,646
1,016
4,009
18
j
54
399
204
119
926
156
City Point, &c
Total this week
£
9.234
13,756
2,535
2,547
2.U58
1870.
1871.
1872.
415
Tennessee.&c...
Florida
.'i
1373.
1874.
—
....
For’gn
Total.
Coast¬
wise
Ports.
146,333
36,3.7
34,279
12 ',914
10,967
38.675
920,622
156,479
125,820
183,158
26 ',783
174,555
180,522
127,20)
.
1873.
977.540
816,995
1190,063
433,805
533,580
355,433
110,052
423,171
635,141
384,105
1S6.203
2*2.623
12.117
49/65
455,'*29
Great
Britain. France.
46,311
Other
221,118
8,150
39,709
36,(00
553,16 >
80,793
192,7 ‘5
260,793
2.496
1" *2,494
298,605
12.881
9.1,320
3)8.257
74,287
7,553
*
....
•
•
419,1:2
20 S 9.57
314/38
....
18,901
315,031
413,034
602,527
2662,579
1,050
,
3.583
1726,553
3696/03
352,133
1707,914
72,654
12,621
10,389
17,671
32,482
151,405
986
83,206
2434,668
.
Stock.
12,117
-
15,360
6.,6 6
90,4.0
14,310
62,0.53
71,539
328,813
....
1i
cv T*
!
Total last year-
6,6Ul
29,500
1
S
2
328,259
*
1331,006
316,404
Under the head of C'l/irlesUm is included Port Royal, &c ; under the head of
Galvestonla included Indianola. &c.; under the head of Norfolk is included City
Point. &e.
The market for cottou on the spot was firmer
week ; on Tue.-day, with the re-opening
the early part
of the Cotton
Exchange after Decoration Day, quotations were marked up -Jc.
Holders were favored by the sharp reduction in stocks at the
ports, small receipts at the ports, steady accounts from abroad,
and an advance in gold and exchange.
There was a good busi¬
ness for consumption
on Saturday and for export on Tuesday,
but tlie business on Wednesday and Thurslay was quite limited.
The reports on the condition and acreage of the crop, as made up
by several cotton exchanges, have all appeared during the week,
To day, the market was depressed by
but have had little effect.
dull foreign advices, and the advance quoted on Tuesday last
of the
lost.
In futures there lias been what is termed a brokers’
market.
The fluctuations were frequent and without apparent
cause.
Rumors seem to have been circulated of an official esti¬
mate of a decreased acreage ; cotton goods have also sold better,
but at reduced prices ; the crop, though making good progress,
is in some districts late, and stocks have become reduced. These
facts have Encouraged the party operating for higher prices,
but they have found little outside supporr.
The advance on
was
Tuesday was lost on Wednesday, but in the aggregate there was
slight improvement over the previous Friday at the close of
yesterday’s business. To-dav, however, there was a decline of
l-16@3-32c., with a dull, weak feeling. After ’Change, there
were
sales at 16 3 32c. for August, 15 7-16c. for Oct., and
15 o-16c. for December. The total sales for forward delivery
for the
week are 134,500 bales, including
free on
board. For immediate delivery the total sales foot up this week
6,621 bales, including 3,455 for export, 3,046 for consumption,
120 for speculation and
in transit. Of the above,
bales
were to arrive.
The following are the closing quotations ;
247
5,365
1,231
36,102
22,441
2,772,432
A«vam'n/y
won
aVi
perlb.
a
total
Texas
Alabama.
13%®...
74%®....
15%®....
13%®....
14%®....
13%®...,
15%®....
3%®.
15%«.
15%®....
16%®....
16%®....
17%®....
17%®....
16
16
16%®....
16%®....
17%®....
i6%®.
i «%®.
17%®.
18
18
16
Middling
Good Middling
Middling Fair
®...
16%®....
.17
®...
17%®....
Fair
Orleans.
®....
®....
®.
Ut.
Below we give the sales ot spot and transit cottbn and price of
Uplands at this market each day of the past week :
PKIUJIb.
SALKS.
New
Classification.
Saturday
Monday
Rxp’t.
Wednesday
Thursday.......
Total
Total.
"76
"24
370
445
246
131
243
65
3.046
120
Holiday
2*.640
24
2
2,734
•
•
•
687
605
215
.
...•
forward delivery the sales
hare reached
Good
2.356-
:3,455
Tuesday
For
Con- 8pec- TranBit.
sump. ula’u
2,355
Friday
3,792,269
■
New
Uplands.
New Classification.
he
Received this week at—
1
1374.
Ordinary
Indianola, &c
293,664
....
KXrORTBD 8I.VOK 8BPT.1 TO
KKOKIPTB
suing BKPT.
PORTS.
fiood Ordinary
Low Middling
&c
2.196
dates:
lecrease since S'
Port Royal,
8avannan
Galveston
2,680,100
2,125
a
Friday, P. M., June 4, 1875.
Charleston...,
288,161
2,403,827
1 41G,3v9
.
*
..
Naval Stores—
Cr. turp. . bbls.
New Orleans
Mobile
17, *21
....
3.225
4,2 6
£19,117
Total this year. 3396,636
Since
Same
Jan. 1/75. time 1874
3,599
1,864,799
veeks of five
76
44,159
432
t
.
Q
1
Produce.
1
Hops
bales.
Leather.
sides.
Molasses., .bbls.
Rosin
Tar
Pitch
132,287
60,835
Mahogany
11.330
154,265
Logwood
1,633,047 Peauuts.
.bags;
4,768,311 15,136,085 Provisions—
Butter
.pkgs.
6,140,224 8,072,258
Cheese....
2,839,018 3,729,593
..
2,320
»Tt
#
9
*
76,994
16,334
10,720
16,953
13,037
125,621
34,000
[!H3£F“ Our telegram from New Orleans to-night shows that
the amount of cotton on shipboard, and
engaged for shipment at that port, is as follows: For Liverpool,
6,000 bales; for Havre, 9,000 bales ; for Continent, 1,000 bales;
for coastwise ports, 1,000 bales; total, 17,000 bales ; which, if de¬
ducted from the stock, would leave 42,500 bales representing the
quantity at the landing and in presses unsold or awaiting orders.]
From the foregoing statement, it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 25,638 bales, while the stocks to¬
night are 5,503 bales less than they were at this time a year
ago.
The following is our usual table showing the movement
of cotton at all the ports from Sept. 1 to May 28, the latest mail
Savannah
Galveston*
1,283,753
No.
10,751
S),173
5,238
59,870
8,791
12,063
11,463
17,865
143,119
35,000
besides the above exports
102,905
Oil, lard....
...bales.
.
m
#
1674.
the head of ” other ports” include from Balti¬
Island to Liverpool; from Boston 186 bales to
Liverpool; from Philadelpnia 812 bales to Liverpool; from Norfolk 1,576 bales to
Liverpool.
144,560
Same
3,344
...bbls.
bales.
m
.
1875.
•The exports this week under
more 2 537 bales and 1-7 bags Sei
New Orleans...
Mobile
Charleston*
Jan.1/75. time 1374
Grass seed.bags.
Beans
..hhls
bu-h.
Peas
5,283
51,104
39.952
224,927
179,524
1
Since
625.264
145.573
The receipts of domestic produce since January
the same time in 1874, have been as follows :
Rye
Barley and malt.
t
.
331
36,618
1,763,201
31,665
2.2,100
100,2 ,7
Receipt* of Domestic
Oats
.
...
10.S04
2,793
....
O.ll'O
Woods—
Cork
Fustic
1,251
363
Ashes
pkgs.
Breadstuff’s—
Flour
bbls.
Wheat
bush.
Corn
ll
,
....
10,754
15,658
2,686
Contin’t
3,9.75
....
....
Total
Since Sept,
Franc*
3.910
2,6S6
New Orleans
Mobile
Charleston...
Savannah
Galveston
New Y ork.
Other ports*.
Ginger
Pepper
Saltpetre
Cassia
Gi6
Jewelry
Watches
Linseed
Molasses
G. Brit.
June 4.
4,946.037 6,134,384
388,738
147,749
Spices, &c.—
27,665
Ivory
Jewelry. &c.—
.
Hides, undressed..
Rice
594
3,375
3,037
17,662
Hides, dressed..
Nuts
Raisins
93,399
760
India rubber
Week ending
StOCK.
Same
week
1874.
1,053,054
Bristles
C. meal
Cotton
43,! 28
435,813
298,226
957,098
509,967
25,765
1,057
[Sugar, bxs & bags.
Gum, Arabic
Indigo
82,232
320,289
453,642
Tie, boxes
Tin slabs, lbs..,
3,624,171 5,798.309
7,246 1Rags
61,451
46,617
621,81*. [Sugar, klids, tea. &
699.59 j
933
Cochineal
Cream Tartar...
Gatnbier
117,645
2,743
1! ,34“
10,461
10,11)2
Bark, Peruvian..
Blea. powders...
1,859
1,205
1,530
2,451
4-2,294
142,253
Iron, RR. bars...
3,736
3 453
..
1,903
Hardware
4,233
11,029
....
Coal, tons
Cocoa, bags..
Coffee, bags
Cotton, bales.
Drugs, &c—
&c.—
Cutlery
EarthenwareChina
Earthenware.
Glass
Same
1874
Jan.1,’75. time
1871
Total
this
week.
6,621
Mid
13%
14%
15%
16
13%
13%
13%
13%
1*5* ‘
16%
16%
14%
15%
15%
55%
15%
....
....
....
....
15
15
ie%
16
free on board)
bales (all low middling o;
(including
during the week 134,500
Low
Ord’ry Ord’ry. Mldl’g. dllng
0000858..252
and the following in a statement of
the basis of low middling),
the sales and prices :
005.1
on
For
bales.
100
bales.
May.
1,200
100 no not.
29tn ....15 13-16
200 a. n. .15 13-16
300 8.n 3d, 15 13-16
700
15 13-1S
16 3-16
16 7-3*2
800
For August.
16 8-82
16%
J.SOO
3.800
o,700
16 11-32
1.2U0
16%
1.000
2,700
15 15-16
15 31-32
16
16 1-82
16 1-16
16 3-32
16%
16 5-82
2,200
2,300
For July.
100
15 29-3*2
15 15-16
3,200
15 31-32
16
16 1-S2
16 1-16
The
1,400
For
15 17-32
15 9-16
15%
February.
15 11-16
100
For March.
15 21-32
15 27-32
15 29-32
15 15-1-i
16 1-32
300
500
400
600
1,800 to*al March.
For
1,900 total NOV.
April.
1,200
16 1 32
600
16 1-16
16 3-32
For December.
15 9-32
200
200
15 5-16
15 11-32
200
200
15%
600
15 7-16
15 29-32
15,300 total dune.
cts.
15 19-32
1,600 total Jan.
15%
For November.
300
15 9-32
900
15 5-16
600
15 11-82
100
15%
45.600 total Aug.
For September.
16
bales.
100
13,500 total Oct.
16 5-16
8 700
16 1-32
4,100
2,700
4,900
3,500
5,200
1,900
2,300
4,200
2,600...
2,100
16 9-32
3,001
800
15 15-16
300 8. n... 15 81-32
15 31-82
700
bales.
cts.
For October.
100
15 7-16
SOU
15 15-32
16 5-82
16 3-16
16 7-32
16%
4 400
‘2.200
15 29-32
U'0
16 5-32
6,000
3,000
15 27-32
1,3<0 no not.lf*.15%
2,700
15%
1008. n. 31 15 29-32
100 s.n. 2d 15 29-32
1,400
600
29,400 total July.
..15 2^-32
1,100
16 3-32
16%
8,600
For June.
100 8.n
!5%
100 s. n....l5 25 32
2,200
eta.
2,700
cts.
.15 25-32
300
200
16%
16 5 32
16 3-16
300
100
2,700 total April.
1,400 total Dec.
For
100
500
200
16 7-32
16 5-16
200
300
15%
700
20.600 total Sept.
For M ay
January.
....15 716
15 15-32
15 17-82
500 total May.
following exchanges have been made during the week:
500 June, 15%, S. P. % B. for 500. June, 15%, no
%c. pd. to exch. 300 June for Aug.
il-3.c. pd. to exch. 100 June lor Aug
ll-32c. pd. to exch. 500 J une for Aug.
The foliowiug
Mon.
15 25-32
15 15-16
July
Sat.
15%
15 27-32
16 1-32
16 3-16
16 3-32
August
16 7-32
NKW CL A88IFICATION-
16
15 31-32
15%
September
October
November
December
January
February
16
15 9-32
15 11-32
15 15-32
On spot
15 5-16
15 5-16
15 15-32
16%
16
16 5-32
15%
15%
16 1-32
15 9-16
15 11-32
15 5 16
15 15-32
15 11-16
15 15-16
16 5-32
681
15*7-16
e#
2
15 17-32
•
•
•
•
•
116%
Exchange
116%
2.734
31,900
116%
4.ts5
Sales future...
Gold
15 29-32
16 3-32
4.85
4.85
o
15 15-16
Sfl
2,8 6
25.000
33,500
116%
4.85%
Weather Reports by Telegraph.—The past
for tbe
Frl.
15%
Thurs.
16
15 15-16
16 1-16
16 7-32
15 .3-16
15 15-16
16%
16
15 29-32
15 15-32
Id 9-32
15 9-32
16%
16 1-32
15 9-16
i5%
15%
....
•
•
.
•
.
16 5-32
615
•
•
•
•
•
•
22.800
16 1-16
245
20 300
116*
4 85%
117%
4.85%
week
appears
-
almost universally favorable to the development of
the crop, and nearly everywhere very satisfactory progress is
being made. A portion of the Atlanta section is even yet not as
forward as last year, and this may be true of some other points ;
but generally speaking the position of the crop is fully up to, and
in many places considerably in advance of a year ago, while the
condition of the fields was never better and the stands are un¬
usually good.
Montgomery, Alabama.—We have had splendid showers on
days of this week, and the indications are that they were
of wide extent.
The rest pf the week has been pleasant. Our
fields are in fine condition, with the cotton plant looking strong
and healthy, and blooms reported
by some planters. Ther¬
mometer for the
week as follows: Highest 9S, lowest 67 and
average 79.
Rainfall for the week, forty-five hundredths of an
inch, and for the month one inch and sixty-seven hundredths.
Selma, Alabama^-We had one rainy day the past week, the
rainfall reaching eight hundredths of an inch. The thermometer
has averaged 80.
Madison, Flonda.—Telegram not received.
Macon, Georgia.—There was rain on one day the past week.
The thermometer has averaged 77, the highest being 91 and the
are reported clear of weeds.
Average
88 and lowest 68.
Columbus, Georgia.—We had delightful showers on three days
of the past week, aud the indications are that they extended over
a wide surface.
Thermometer has ranged between 70 and 94, the
average being 80.
The rainfall for the week ending to-day is
one inch and
eighteen hundredths; for the month of May three
hundredths. The fields
thermometer 80, highest
and fifteen hundredths inches.
Savannah, Georgia.—The weather the past week has been
and dry, there having been rain on only one day to the
warm
extent,
of four
hundredths of
an
inch.
doing well. The fields are in excellent condition
with plenty of blooms and occasional bolls.
The thermometer
has averaged 82, the highest being 92 and the lowest 74.
The
raintall for the month of May has been one inch and fifty hun¬
dredthsno rain this week.
Thecrops
promising condition. The thermometer has averaged 81,
the lowest being 74 and the highest 90.
The rainfall lor the
mo»tli of May lias been oue inch and fifty-one hundredths.
Corsicana, Texas.—It has rained hard on two days this week,
Indianola, Texas—We have had
in
but there has been none too much. T‘*e fields are clear of weeds*
and the crop is developing finely.
Wheat harvest is resulting
well.
Rainfall the past week has been two inches and fifty-eight
The ther¬
averaged 77, the highest being 92 and the
hundredths, and during May it was just two inches.
lias
lowest 62.
here one
day the past week, the rainfall reaching two inches and fifty-five
New Orleans, Louisiana.—There was a thunder storm
hundredths.
hundredths.
Rainfall for the month three inches and nineteen
Average thermometer 81.
Shreveport, Louisiana.—We had alight sprinkle Monday night,
exception no rain during the week. Crops are in
fine condition, but planters are complaining that the mornings are
too cool for cotton.
The thermometer has averaged 93, the high¬
est being 103 aud the lowest 63.
Vicksburg, Mississippi.—It rained here on one day this week,
but not enough to do any good, the rainfall reaching only seven
but with that
hundredths of
dry.
The
crop
an
inch.
The rest of the week has been
is developing well.
warm
The thermometer has
and
averag¬
highest being 83 and the lowest 72.
Columbus, Mississippi—There lias been a heavy rain here on two
days of this week, the rainfall reaching three inches and ninetyfour hundredths. The thermometer has averaged 75, the highest
being 85 and the lowest 64. Cotton now looks strong and healthy,
ed 78, the
with the fields clear of weeds.
Little Rock, Arkansas.—There was rain here on Friday last after
the close of my report for last week, but the remainder of the
week has been clear with delightful breezes from the South.
The
rainfall has been forty-three hundredths, the thermometer aver¬
aging 76, the highest being SO and the lowest 61.
Nashville, Tennessee.—It has rained here on one day this week,
the rainfall reaching fifty-five hundredths of an inch.
The ther¬
mometer has averaged 72, the highest being 89 and the lowest 55.
The thermometer has
averaged 76, the highest being 85 and the lowest 70. Rainfall
for the month three and twenty hundredths inches.
Augusta, Georgia.—There was a sprinkling one day the past
week, the rest being warm and dry. Rain is much needed. The
cotton plants look strong and healthy, crop accounts are more
favorable, aud altogether the prospect of a large yield is good.
Rainfall for the week eleven hundredths of an inch; for the
month
one
inch
has
The thermometer
hundredths.
aud ten
averaged 77.
Charleston, South Carolina.—The weather the past week lias
thermometer 74, highest 84 aud
been warm and dry. Average
lowest 65.
The following statement we
have also received by telegraph
showing the height of the rivers at the points named at 3 o’clock
tiiis afternoon (Friday, June 4).
We give last year’s figures
(Friday, June 5, 1874) for comparison :
Galveston, Texas.—It has been warm and dry all the week.
The crops are
mometer
inch and forty-six
Atlanta, Georgia.—There were thunder showers on two days
week, the rainfall aggregating one inch and seventy
to have been
are
one
three
[DOLING UPLAND8.
i5 27-32
16 1-32
923
27.800
April
Sales spot
16 1-16
16 7-32
16%
16%
:
....
March
Wed.
16
15 31-32
Tues.
16
16 1-32
~
Rainfall for the month
lowest 59.
OLD OLA.8BIFIOA.TION—LOW MIDDLING UPLANDS.
15%
and lowest 68.
hundredths.
of the past
will show the closing prices each day
Frt.
Memphis, Tennessee.—There was one rainy day the past week#
rainfall reaching fifty-eight hundredths of an inch, but the
rest of the week was pleasant.
The cotton plant has a strong,
healthy appearance, and cultivation is progressing well. New
wheat has made its appearance in market. The thermometer has
averaged 76, the highest being 85 aud the lowest 61.
Mobile, Alabama.—There were two rainy days the early part
of the past week, the rainfall. reaching one inch and twenty-five
hundredths.
The cotton plant looks strong and healthy, and is
developing promisingly. Average thermometer 81, highest 91
the
notice 1st.
several deliveries named:
On spot
June
[June 5, Jtt'5
CHRONICLE.
THE
550
New Orleans .Below high-water
mark
.
Memphis..... .Above low-water-mark.
Nashville
.
Above low-water mark.
/—June 4, ’75Feet.
Inch,
4
5
15
1
.
Vicksburg
Above low-water mark..
New Orleans reported below
.
r-June 5,’74.—>
Feet.
Inch.
2
11
3
39
10
9
0
11
Missing.
32
10
liigli-water mark of 1871 until
Sept. 9, 1874, when tlie zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10tlis of a loot above
1871, or 16 feet above low-water mark at that point.
Total Acreage According
to the
Reports of
the
Cotton
Exchanges.—The
following may be stated as about the result of
Exchange Reports, each of which reports we have now
published in detail.
the Cotton
Texas:r—An increase of 8 to 10 per
cent. We notice by the Associated
Exchange in the general summary they
have issued, give Texas at 7 per cen‘ increase.
Our last week’s telegram of
the Galveston Report came from an officer of the Galveston Exchange, and
may be supposedktherefore to reflect their view of their own figures, and that
put the average for the State at 8 to 10 per cent.
Louisiana.—The New Orleans Exchange gives an increase for the State
averaging 4 per cent.
Mississippi.—The New Orleans Exchange gives 26 counties at 3 per cent
increase, and the Memphis Exchange gives its portion of the State at 2% per
Press telegram that the New Orleans
cent decrease.
Arkansas,—The New Orleans
Exchange gives their portion of Arkansas
cent increase, and the Memphis Exchange gives the balance of the
State at 5 per cent decrease.
Tennessee.—The Memphis Exchange gives West Tennessee at 6% per
cent decrease, and the Nashville Exchange gives iheir portion of the Slate at
at 3 per
j5 per cent decrease.
Alabama.—'The Mobile Exchange gives their eection at an average
of 3
cent increase, the Memphis Exchange gives North Alabama at an average of
per cent decrease, and the Nashville Exchange gives the counties it covers
per
8
at 7 per cent decrease.
Florida.—Tne Savannah
crease.
Exchange gives Florida about 2
per
cent in--
,
Georgia.—The Savannah Exchange gives all of Georgia (except the 28
charge of the Augusta Exchange) at same acreage as last year,
and the Augusta Exchange gives their portion of the State also the same as
counties in
last year.
South Carolina.—The Charleston
Exchange gives the State one-half
per cent decrease.
N orth Carolina.—The Wilmington
Exchange gives 5
for the State.
per
cent increase
June
THE CHRONICLE
5, 1875.)
essential difference in
The above would indicate no
acreage
in
State except as follows: Texas, 9 per cent increase ; Louisi¬
4 per cent increase; Florida, 2 percent increase; North
Carolina, 5 per cent increase; and Tennessee 8 percent decrease;
any
ana,
mercial fertilizers in
55]
use.
Considerable increase in acreage of corn and small
grain.
Mississippi.—These answers are
received from 26 counties;
Increase in the area
condensed from 47 replies
planted in cotton, three per cent.
Weather generally
the basis of these figures, reported as favorable, more so than last year. Most correspondents represent
the stand as good ; the exception attributed to cold spring, of which there is
would be an increased acreage this year of about 115,000 acres, general complaint, notwithstanding which the crop is said to be earlier by a
week or ten days than last year. Labor
invariably reported as more efficient,
or very little more than one per cent over last year.
with no noticeable change in numbers.
No fertilizers (commercial) used in
and the result for all the
States,
on
this State.
Crop Reports op the Cotton Exchanges for May.—We
give below all the Cotton Exchange Crop Reports for May which
we did not publish last week.
The questions sent out were the
following:
Questions.
First Question.—What is the area of land planted in Cotton in your
section as compared with last year ? State increase or decrease.
Second Question.—What has been the character of the weather, and
has it been more or less favorable for planting this than last year ?
Third Question.—How are the stands of Cotton in your section ?
Fourth Question.—How much earlier or later is the Cotton Crop this
than last year ?
Fifth Question.—How is the labor in numbers and efficiency ?
Sixth Question —Has the use of Fertilizers increased or diminished
this as compared with last year ?
Seventh Question.—What is the present condition of the Cotton
Crop in your section?
We give the questions above in order that we may be able to
omit them below,
furnishing in each
case
simply the
Nearly all or our correspondents report
planted in corn and small grains over last year.
an
increase in the acreage
Arkansas.—Reports received from twenty-three counties.
Increase of acreage for the State, about three per cent. The weather has
been as a rule more favorable for planting than la?t year, and the lands have
been very well prepared. Owing, however, to a cold spell at the beginning of
this month, the plant is very small, but the stand being good and the fields
clear of grass, the prospects are more favorable than last year. No fertilizers
used in this State. The labor, both white and black, is reported better than
it ever was. An increase in the acreage of corn and small grain is reported.
Wilmington Department,
North Carolina.—
The area planted in cotton has increased about five
per cent. The weather
Ltvorably with last year, though planting was delayed somewhat
by the cold spring. There is no appreciable difference in the time of plant¬
ing. A fair average stand has been obtained and the condition is reported
average. Labor is represented as more efficient and the use of fertilizers has
increased about twenty per ceat.
compares
Memphis Department.
answers.
We gave
last week the portion of the Memphis Exchange
Report received by telegraph, but now give the full report, as thiB
Nashville Department.
detail is necessary for a correct understanding of acreage and stand
This report covers Middle Tennessee east of the Tennessee River, and the
The questions differ somewhat from
following Counties of Alabama .-—Lauderdale, Franklin, Colbert, Lawrence, in each State referred to.
Morgan, Limestone, Madison, Marshall, Jackson, DeKalb and Cherokee. The the other exchanges, and we therefore insert the questions with
report is prepared aad issued by the Nashville Cotton Exchange through their the answer-*.
The report is derived from 166 respondents ; aver¬
Committee on Statistics and Information, composed of Jonn F. Wheless,
Chairman, Thos. B. Sample and Geo. J. Goodrich. The information is only age date May 19th, to wit; from West Tennessee, 44; North
brought down to May 1.
Mississippi, 48; Arkansas, (north of the Arkansas River,) 59;
Answer to First Question.—Middle Tennessee 15 per cent decrease
North Alabama 7 per cent decrease.
Answer to Second Question.—The season has been rather backward, but
decidediy more favorable than lust year
Answer to Third Question.—Possibly not equal to an average, but better
than last season.
«
Answer to Fourth Question.—No material change in this respect.
Answer to Fifth Question.—Supply ample and working better.
Answer to Si>;th Question.—None used in this section at any time.
Answer to Seventh Question.—In unusually good condition and promises
well.
Charleston
Department.
This report covers the State of South Caf'Olina, and is prepared and issued by
the Charleston Cotton Exchange through their Committee on Information and
Statistics.
North Alabama, 17.
Question 1.—Has the planting of cotton been completed in your neighbor¬
is yet to he planted ?
answer is that cotton-planting is complete, save
hood ? If not, what per cent
Answer.—The unanimous
replanting bad s ands.
Question 2.—Has there been more or less acreage planted with cotton than
last year ? Answer per cent either way.
Answer.—West Tennessee 2S answer less, 12 same, 4 more planted; less
acreage, 6% per cent. North Mississippi 18 less, 18 same, 10 more; average
less acreage. 2)4 per cent. Arkansas 18 less, 23 same, 18 more; increase
acreage, % per cent. North Alabama 11 less, 5 same, 1 more; less acreage, 8
per cent.
Question 3.—Are the stands of the cotton plant satisfactory?
per cent do they lack of an average? ami will
Answer.—West Tennessee 18 answer good,
If not, what
the deficiency be replanted ?
26 not good, lack 14 per cent of
South Carolina.—Condensed from replies received from the
interior, under date of May 15.
Answer to First Question.—Eighty-three replies received, showing an
*
average, two-thirds of which will be replanted.
North Mississippi 31 good,
12 lacking 6 per cent of average, five-eighths of which will be replanted.
Arkansas 30 good, 29 lackiug 9 per cent average, two-ihirds of which will be
average decrease of one-half of one per cent.
Answer to Second Question.—Forty eight
will not be
replies report less favorable ;
17 replies report s line as last year; 17 replies report more favorable.
Answer to Third Question —Twelve answer “ not good
7 answer “too
early to judge;” 40 answer “good;” *24 answer “very good.”
Answer to Fourth Question.—Eighty-two replies give an average of
*
Answer to Fifth Question.—Same as last year.
Answer to Sixth Question.—Eighty-one replies received, showing an
average increase of
per cent.
Answer to Seventh Question.—Seventeen answer “ not good—nighis too
cool;” 14 answer “ too early to judge
33 answer “good ;’ 10 answer “very
good.”
seven
days later.
Mobile
Department.
This report covers the State of Alabama as far north as tho summit of the
Sand Mountains, and the following counties in Mississippi: Wayne, Clarke,
Jasper, Lauderdale, Newton, Kemper. Neshoiso, Noxubee, Winston, Lowndes,
Oktibiba, Colfax, Monroe. Chicasaw, Itawamba, Lee, Pontotoc, Prentiss,
Alcorn and Tishamingo. The report is prepared and issued by the Mobile
Cotton Exchange through their Committee on Information and Statis¬
tics, composed of T. K. Irwin, chairman, J. P. Billups, J. W. Whiting, G. G.
Duffee, and Edward Beyer.
Alabama.—The
answers are
condensed from 123 replies received
from 43 counties.
The
planted in cotton, as compared with last year, is as follows:
report an increase of from 5 to 20 per cent, average 10 per cent. 25
acreage and 2 a decrease—one 8 per cent (Bibb), and the other 25 per
area
of land
!6 counties
the
same
(Randolph). The weather has been generally much more favorable than
last year; some complaint, however, of cold nights in tue northern portion of
the State. The stands, with three exceptions (Pickens, Sandford and Win¬
ston), are reported from good to perfect, and the crop is about a week earlier
on the
average than last year. The labor is ample, cheaper, and, if anything,
more efficient.
Commercial fertilizers have not been much used, but there
has been an almost universal increase of domestic. The condition of the crop
cent
is
good, and generally very promising, with the exception of the three counties
above named.
answers are
ceived from 19 counties.
condensed from 63 replies
re¬
The acreage, as compared with last year, is as follows: In 14 counties it is
about the same (some reports showing a slight decrease), and in 5 a decrease
of 10 per cent on the
average. The weather has been generally more favor¬
complain' of cold nights in the northern counties. The stands
counties except Pontotoc, and the crop is about
The labor is equal to last year in number and
more efficient.
Very little fertilizers used in this State; domestic the only
kind applied, and that only in the poorer counties. The condition of the crop
>ome
from fair to good in all the
10 days earlier than last ye ir.
are
is gooj and
much
more
favorable.
Question 5.—In your March report you stated that, laborers were accepting
work with alacrity; does their application to labor indicate any material im¬
provement as compared with past two seasons ?
Answer.—West Tennessee 32 answer very material improvement, 3 moder¬
ate improvement, 9 same.
North Mississippi 29 material improvement, 11
moderate, 6 same. Arkansas 28 material improvement, 12 moderate, 15 same,
4 not so good. North Alabama 5 material Improvement, 5 moderate, 6 same, 1
not so good.
Question 6.—How many days earlier did you obtain a stand this year than
last?
Answer.—West Tennessee 32 answer earlier, 12 later ; average 7 days earlier.
North Mississippi 32 earlier, 6 same, 8 later; average, 8 days earlier. Arkansas
41 earlier, 2 same, 16 later; average, 6 days earlier. North Alabama 10 earlier,
2 same, 5 later ; average, 4 days earlier.
*
Question 7,—How will the condition of your work stock compare with last
date ?
Answer.—West Tennessee 1
two seasons at same
answers
better conditioned, 11 about same, 32
good. North Mississippi 8 better, 19 same, 19 not so good. Arkansas 12
better, 17 same, 30 not so good. North Alabama 1 better, 5 same, 11 not so good.
Question 8.—What is the present condition of the coiton crop in your
neighborhood ?
Answer —West Tennessee 6 answer very good condition, 19 average condi¬
tion, 19 not so good as 1874; 25 report cotton chilled and sickly from cold
weather. North Mississippi 20 very good. 21 average, 5 not so good as 1874,
11 report cotton chilled and sickly. Arkansas 14 very good. 34 average, 11 not
so good as 1874, 26 chilled and sickly.
North Alabama, 5 very good, 5 aver¬
age, 7 not so good as 1874, 7 chilled and sickly.
Question 9.—Are commercial fertilize-s used in your neighborhood ? If so,
not so
has there been
an increase used this year, or decrease ?
Answer.—Unanimously answer none used except experimentally.
Question 10 —Has corn planting been completed ? What per cent increase
of acreage, when completed, will have been planted more than last year ? and
what is its condition ?
Mississippi.—The
able;
North Alabama 13 good, 4 not good, lacking 3 per cent average,
replanted.
Question 4.—How has the character of the weather compared with last
year? In what respect has it been more or less favorable?
Answer.—The general expression is more favorable, in that there has not
been so much rain, and less favorable in that it has been so cold ; average,
replanted.
generally
very
promising.
New Orleans
Department.
Answer,—West Tennessee answers 34 planting completed,
increase acreage, 15 per cent; 18 answer very good condition,
tion, 8 bad.
10 not completed;
18 average condi -
North Mississipi 35 planting completed, 11 not; 10% per cent
increase acreage;
31 very good condition, 13 average, 2 bad. Arkansas 39
planting completed, 20 not 15 per cent increase in acreage; 37 very cood
condition, 18 average, 4 bad condition. North Alabama 14 completed, 3 not
completed ; 8 per cent increase: 12 very good condition, 3 average, 2not good.
Question If.—What is the present condition of your crops of wheat, oats,
and other small grains ?
Answer.—West Tennessee answers 32 very fine, 12 good, 2 moderate. North
Mississippi. 18 very fine, 22 good, 1 bad. Arkansas, 32 very fine, 14 good, 3
moderate. North Alabama, 3 very fine, 11 good, 3 moderate.
Bombay
Shipments.—According to our cable dispatch received
to-day, there have been 71,000 bales shipped from Bombay to
Great Britain the past week and 7,000 bales to the Continent,
while the receipts at Bombay during the same time have been
Information and Statistics, composed of Harrison Watts, Chairman, R. 118.000 bales.
The movement since the 1st of January is as
IleGis, J. V. Richards, Wm. A. Gwyn, R. C. Cammack, Edward Morphy, and
tollows. These are the figures of W. Nicol & Co., of Bombay,
C. Simmons, Jr.
*
aud are brought down to Thursday, June 3;
Louisiana.—The following answers are condensed from fifty^-Shipments this week—, /—Shipments since Jan 1—,
Receipts—*
one letters received from
thirty-one parishes:
Great
ConThis
Since
Great
ConThis report
that part of the State of Mississippi not apportioned to
the Memphis and Mobile Cotton Exchanges; the entire State of Louisiana and
we State of
Arkansas, south of the Arkansas River. The report is prepared
»nd issued by the New Orleans Cotton Exchange through their Committee on
covers
Increase in acreage, four per cent. The weather his been cool, but on the
whole very favorable. The crop is about as ear y as last year, and the stand
yery good. Labor is about the same in number, but more efficient than in for¬
mer years, and the
present condition of the crop is very favorable. No com¬
Britain.
1875
1874
71,000
1878
23.000
89,000
tinent.
7,000
Total.
10,000
5,000
49,000
28,000
78,000
Jan. 1.
Britain.
Total,
week.
68.000 1,138,000
532,000
984,000
934,000
683,000
tinent.
627,000 357,000
631,000 303,000
150,000
41,000 1,128,000
855,000
28,000
552
THE CHRONICLE
From ttie
foregoing it would appear that compared with last
there is an increase of 29,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 50,000 bales
compared with the corresponding period of 1874.
Gunny Bags, Bagging, &c.—We note to-day a much firmer
market for bagging, and the amount of rolls obtainable here at
13c. is quite limited. The Boston market is in sympathy with
ours, and asked the same figure,13c. Since the 1st inst. about 3,000
@3,500 rolls have been sold at 13@13£c. cash and equal to cash.
For futures we quote: July, 13£@13fc., and August and Septem¬
ber, 13f@14c., with prospects of higher figures. We quote:
Bales, India, 9$@10c.; Borneo, 13@13$c. The stock of butts is
quite small, and the anticipated arrivals < for the next several
weeks are so light that it is not too much to expect a further
advance. The market is firmer, both here and in Boston, with
sales since the 1st of about 3,500 bales from stock at 2£@2$c., cash
and time.
We quote to-day 2 13-16@2|c., cash and time.
The above totals show that the old interior stocks have decreased
during the week 6,251 bales, and are to-night 19,527 bales less
than at the same period last year. The receipts
have been 1,189
year
Visible Supply op Cotton
graph.—Below
as
Made up
bales less than the
same
week last year.
The exports ol cotton this week from New York show a
decrease, as compared with last week, the total reaching 9,773
bales, against 16,486 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction for each of the last four weeks; also the total ex¬
ports and direction since Sept. 1,1874; and in the last column
the total for the same period of the previous year.
Exports ol Cotton(bales) from New York since Sept.1, 1814
Same
WEEK ENDING
Total
to
date.
EXPORTED TO
period
prev’us
May
Other British Ports.
give our table of visible supply, as made up
by cable and telegraph to night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain ana 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 tonight (June 4), we add the item of
exports from the United States, including in it the exports of
Friday only.
May
19.
26.
June
2.
4.129
Liverpool
May
12.
Cable and Tele¬
by
[Jane 5, 1875.
13.800
15,055
6,594
305,199
2,416
2,416
9,010
307,615
388,269
331
7,889
6,932
1,701
....
....
year.
388,269
....
we
1875.
1874.
962,000
831
...
....
1,042
600
....
Total to N.
Europe.
19,032
19,545
4,043
297
2,749
3,238
432
....
39,042
26,826
600
1,036
8,633
17,261
135
.
....
....
7,889
331
57
Hamburg
Other ports
....
...
831
979
....
Bremen and Hanover
177,750
1,072,000
156,250
15,055
1,042
25
•
;
....
5
....
....
10
55
2,647
....
5
....
....
65
2,612
354,611
426,400
8pain,Oporto&Gibraltar&c
•
All others
Total Great Britain stock
13,800
....
total French
333,000
137,500
4,129
Havre
Other French ports.
1873.
970,000
102,00)
Total to Gt. Britain
•
•
■
•
•
•
•
•
•
•
•
•
*
1,099,500
144,250
13,000
73,000
1,001,750
19,750
35,250
82,250
29,250
36,000
54,000
83,000
33,000
The following are the receipts of cotton at New York, Boston,
Philadelphiaand Baltimore for the last week, and since Sept.l,’74:
14,000
31 000
bbce’tsfrom-
45,000
86,000
379,000
455,750
550,000
1,451,000
1,555,250
1,560,753
.
586,000
617,000
468,000
.
279,000
Stock at Havre
Stock at Marseilles
9,000
Stock at Barcelona
Stock at Antwerp.
85,750
11,250
42,250
43,003
10,000
4,500
Stock at other continental ports
14,000
Stock at
Hamburg
Stock at Bremen.
Stock at Amsterdam
Stock at Rotterdam
Total continental stocks
.
Total European stocks
.
.
,
68,000
Of the above, the totals of American aud
*
other
This
week.
New Orleans.
Texas
71,000
251,984
2,872,300
descriptions
Mobile
Florida
3’th Carolina
Continental stocks
American afloat to Europe
United States stock
262,000
220,000
301,000
293,661
35,859
2,000
55,386
1,000
7,000
bales. 1,387,020
1,445,050
1,233,198
United States exports co-day
Total American
East Indian, Brazil, Jcc.—
Liverpool stock
London stock
385,000
102,000
Continental stocks
182,000
India afloat for Europe
586,000
I- O o O
68,000
49,000
Egypt, Brazil, &cM afloat
Total East India, &c
Total American
430,000
'
137,500
193,750
1,427,250
Total visible
..bales. 2,710,020
supply
7 13-lGd.
Middling Uplands, Liverpool
These figures indicate a decrease in the
Price
470,000
177,750
330,000
468,00)
71,000
1,445,050
1,387,020
.
1,516,750
1,233,138
2,872,300
8^®8>£d.
2,749,948
8%d.
cotton
in sight, tonight, of 162,289 bales as compared with the same date of 1874,
and a decrease of 39,923 bales as compared with the correspond¬
ing date of 1873.
of
Cotton at tiie Interior Ports.—Below
we
give the movements of cotton at the interior- ports—receipts and
shipments for the week, aud stock to-night, and for the corres
ponding week of 1874:
r-Week
ending June 4, ’75-»
Receipts. Shipments. Stock.
Augusta
—Week
524
7,035
Receipts. Shipments.Stock,
328
12,862
1,189
861
5,9G3
49
411
137
593
3,573
Macon
35
281
3,818
3,025
92
108
3,238
73
1.140
150
153
icle
are
121
403
1.231
155
229
Memphis
552
3,926
14,056
1,755
3.655
163
2,214
6,618
Atlanta
St. Louis
Cincinnati
1,923
35,212
.
.
.
•
.
.
.
.
5,568
.
3,832 301,859
•
.
•
16,451
....
•
•
.
•
...
M
11,838
18,609
59,852
....
.
7,409
....
....
....
114,159
60,625
530
612
36.813
188
1’
.
•
£0,978
....
2,182 300,797
.
....
188
.
67
29
164
....
137
....
.
614 104.948
we
last Friday, except Galveston, and the figures
for that port
niglit of this week.
Total bales.
New York—To
Liverpool, per steamers Brittanic, 1,220
Egypt, 1,869
Wyoming, 2,582.. City of Brussels, 558
Bothnia, 365
6,594
To'Cork for orders, per bark Iron Age, 2,416
'• 2.416
To Havre, per steamer Ville de Paris, 331
831
To Bremen, per steamer Neckar, 135
135
To Rotterdam, per steamer P. Caland, 197
197
To Antwerp, per steamer Switzerland, 100
1W
New Orleans—To Liverpool, per steamers Bolivar, 3,948....St. Louis,
3,825
per ships City of Boston, 3,209 ...Harmonia, 4,634 —
Baden, 3,662
19,278
538
To Havre, per bark Comtesse Diichatel. 538
1,961
To Genoa, per barks Prudente, 702....F. Pirandelle. 1,259
Mobile—To Gi fle, Sweden, per schooner R. M Hayward, 1,351.
1,351
Charleston—To Liverpool, per ship Richard HI.,
Upland and 7
Sea Island....per barks W. J. Whiting, 1,900 Upland....Brim-ga,
7,759
1,944 Upland
Savannah—To Liverpool, per ship Nunnnam Downio. 3,644 Unland — 3,644
Baltimore—To Liverpool, per steamer Hibernian, 1,187 and 127 bags... 1,314
547
To
remen, per Fteamer Nurnberg, 547
100
To Amsterdam, per hark Bredsdorf, 100
104
Boston—T© Liverpool, per steamer China, 104
550
PniLADELrniA—To Liverpool, per steamer AbbottsTord, 550
.
.
46,919
Total
The
particulars of these shipments, arranged in our usual form
follows:
Liver-
New York..*....
New Orleans..
Mobile
pool. Cork. Havre.
331
6,594' 2,416
538
.19,273
....
*
495
729
8,171
35,859
3,112
6.656
55,386
166
199
123
260
720
1,161
52
317
786
94
128
1,078
800
397
5,556
893
702
8,918
1,187
2,627
6,524
2,663
1,651
12,718
2,265
3,570
12,995
3,910
3,204
23,875
4,188
11,744
48,854
7,022
9,860
79,261
*
*
Bre-Am st'r-Rotterdam. dam. Gefle. Genoa. Tow.
135
197
9,773
men.
•
•
•
•
1,961
....
....
*
...
”11
1,314
1.351
....
a
m
..
550
.39,243
•
•
•
a
m
m
869
are
1§
•
•
•
•
....
682
1,961
100
547
,
m
....
•
2,416
Included in the above totals
.
21,777
3,644
3,644
.
3,586
24,550
6,949
Total.
Total, old
Shreveport
65,532
175
883,432
.
Selma
Nashville
490
...
70,895
352
•
....
.
•
the exports for two weeks back. With regard to New York,
iucludethe manifests of all vessels cleared up to Wednesday
628
9)
•
«
41
382
.
14.268
•
....
9
.
....
Shipping News.—The exports of cotton from the United States
the past week, as per latest mail returns, have reached 46,919
bales. So far as the Southern ports are concerned, these are the
sameexnorts reported by telegraph,and published in TheChbok.
are as
Columbus
..
•
•
23,015
749,045(
12.478
^
•
•
This Since
week.. Sept.l
ending June 5,’74.—*
904
Montgomery.,..
114,134
58,072:
117,678:
13,137:
141,816'
1,859
•
BALTIMORE.
5,627
4,184
....
19,022
_
Since
Sept*l.
....
14,150
40,086
5.404:
1,764
363,000
582
553
1,270
616
110
This
week.
Since
Sept.l.
32,707
.
105,809,
455
Foreign.
This
week.
j
53,2551
9
320
Virginia.
337,000
251,984
54,214
United States interior stocks
9,773
PHILADELP’lA
B08TON.
106,611*
....
2,749,943
as fol-
532,000
'Since
828
are
535,000
j
Sept. 1.
1,306
1,103
Savannah....
54,214
7,000
197,000
279,000
283,161
...
16,486
15,883.
1
.
Liverpool stock
4,129
..
NEW YORK.
lows:
American—
Movements
Spain, &c
Grand Total.....
337.000
49,000
203,664
55,386
1,000
283,161
Total
63.000
301.000
35,859
2,000
United States exports to-day.
143,000
16,OOC
•
•
•
104
•
....
100
::::
::::
^
197
1.351
1,961
46,919
from New York 100 bales to Antwerp.
we give all news received to date of disasters, &c., to
carrying cotton from United States ports :
Below
vessels
ship, Grozier, from New Orleans for Liverpool, remained
aground in the main channel. Pass a-l’Outre, A. M. June 1.
Saga, bark, (Nor.) from New Orleans for Malaga, before reported as haying Pyj
into Gibraltar May 8, reports that at 1 A. M. May 8, about 24 miles east
of Gibraltar she was in collision with a steamer, name unknown, wmeo
Western Empire,
.
Total, new,.-..
tal, all...
THU CflfcbNrtfcE.
5, 1875.]
June
immediately backed clear, and was not seen afterwards. The bark was
etrnck on her port bow, catting right through her planking and was
filled with water. She had been surveyed prior to the 12th and recom¬
mended to discharge.
freights the past week have been
Cotton
Sail,
Steam.
d.
d.
c.
..® 11-32
..@9-32
..@11-32
follows
..@9-32
:
—Hamburg.-%
Xcomp.
Sail,
Steam.
c.
c.
c.
c.
..@9-32
..@11-32
..@11-32
..@11-32
Saturday..
as
Bremen.—
Steam. Sail,
-Havre.
Steam. Sail,
-Liverpool.—
/
c.
Xcomp.
—
..
Nmi day
Tnesday...
Wednesday
rhnrsday..
Friday. ...
%
Yx
'A
..@9-32
..@9-32
Xcomp.
Xcorup.
...
XcoraP-
....
kfcomp.
..
Xcomp.
••
Xcomp.
Xcomp.
)tfcomp.
....
....
..
..
..
Liverpool, Jane 4.—4 P. M.—By Cable from Liverpool.—
The market has ruled dull to-day.
Sales of the day were 8,000
bales, of which 1,000 bales were for export and speculation.
Of
to-day’s sales 4,000 bales
May 14.
May 21.
51,000
5.090
38,000
5,000
5,000
3,000
2,000
961,000
39.000
988.000
603,000
70,000
35.000
6,000
7,000
437.000
Sales of the week
461,000
bales.
9,000
591,000
69,000
Actaal export
Amount afloat
of which American.
The weekly
American.
were
June 4
May 28.
48,000
53,000
6,000
5,000
3,000
*
9.000
3,000
4,000
958,000
596,000
41,000
23,000
12,000
490,000
970,000
585,000
59,000
19,000
5,000
663,000
1S5 000
154,000
136,000
135,000
daily closing prices of cotton for the week
he
Mon.
Satur.
Mid’gUplands ..@7X
Orleans.
do
Wednes.
Tues.
8 1-16
8
•
8 1-16
-16
Thurs.
•@7%
Fri.
7 13-16
..@7^
8 1-16
..@7%
8 1-16
..@8
European Cotton Markets.—In reference to these markets
correspondent in London, writing under the date of May
22, 1875, states: •
Liverpool, May 20.—The following are the prices of middling
qualities of cotton, compared with those of last year:
our
-Fair &
r-Ord.& MidSea Island
Florida do...,
Ord. G.Ord. L.Mid.
Texas
G.Mid. Mid.F.
Mid.
N.Orl’ns. 7X
Grain.
Flour.
No. 2
TYs
VA
7 11-16
7 11-16
7 13-16
Mid.
8 Y.
8 7-16
6 9-16
9
7 15-16 8 3-16
7 15-16 8 3-16
8 1-16 8X
31-16
16>a
18
20
G.Mid.
M.F.
8X
8A
8X
8X
9
8%
9
9X
9
Wheat—No.3 spring,bush.$1 05® 1 07
No. 2 spring
1 0 ® 1 12
$ bbl. $4 25® 4 50
3nperflneStateand West¬
No. 1 spring
Red Western
Amber do
White
Corn-Western niixed
White Western
Yellow Western
4
60® 4 89
4 95© 5 10
ern
IX
7
...
Mid. Fair. Good.
23
20
13
17
VA
V/t
7 Y.
Mobile... 7
-Same date 1874—
Yesterday, the market assumed a firmer tone; gold and exchange
were
higher, and freights easier. Stocks are large, but receipts
show a large falling off as compared with last year; and, at the
present rate of movement, stocks must undergo a rapid reduction.
Crop accounts continue, on the whole, quite favorable. The
harvest has begun in the extreme South. To-day, prices were
l@2c. lower, with an active business, the sales aggregating 300,000
bushels, closing at $1 08 for No. 2 Chicago and $1 11 for No. 2
Milwaukee, with the latter for June and July at $1 12.
Indian corn showed continued weakness at the opening, and as
late as Wednesday there were sales of ‘‘steamer” mixed at
72i@73c., and sail mixed at 80@81c.; but yesterday a variety of
favorable circumstances prevailed, and the close was fully two
cents higher, with a large business. Of corn, as of wheat, there is a
large falling off of receipts at Western markets ; the comparative
cheapness of corn for feeding purposes has stimulated the
demand. To-day, the market was firmer but quiet at 75@77c.
for steamer mixed, and 80@83c. for sail mixed.
Rye has been lower and 'unsettled. Canada peas Lave been
offered at $1 18 in bond, without buyers.
Barley malt has been
active for early arrival at full prices.
Oats have been depressed, with sales of prime mixed at 71c.
afloat, and some good lots as low as 68Jc.; but these low prices
'
led on Wednesday to sales of nearly a quarter million bushels,
and No. 2 Chicago recovered to 72c. afloat and for June arrival.
Yesterday, however, the market was weak again, and the close
was dull to-day at 71c. for prime mixed.
The following are the closing quotations :
19
16#
lbX
Upland.. 7
g’d fair-
18
16
-Good &
Fine.—,
553
Extra State, &c
Western Spring
Wheat
extras
do XX and XXX
do winter wheat Xand
•
XX
4 90® 5 15
5 25® 7 75
5 50® 7 75
speculation and for export have
the year the
been :
transactions
r-Actual exp. from
-Taken
on
spec, to this
4.250
“1874.
bales.
107,420
15,990
Egyptian, &c. 10,290
11,800
B. India
1875.
bales.
American.... 129,200
Brazilian
w.
on
Actual
Liv., Hull & other exp’t from
U.K.in
outports to date-
date1873.
1874.
1874.
bales.
1875.
bales.
bales.
54.660
33,007
53,705
bales.
105,130
1,730
8,S23
3,322
India, &c.
1,560
2,100
650
5.295
&c.
7,723
12,470
25,000
54,050
33,520
32,260
90,724
112,694
Corn meal—Br’wine. &c.
170,830
94,010
112,278
183,844
lows
The
following statement shows the sales and imports of cotton
and also the stocks on hand, on Thundiy
evening last:
SALES, ETC., OF ALL DESCRIPTIONS.
•Sales this week
Same
Total
Average
Ex- Specula¬
this
period weekly sales.
Trade. port
1874.
1875.
tion. Total.
1874.
year.
Atue.ican..bales.20 910
560
20,150
725,060 912.680 34,980 38,080
1,530
Brazilian
50
20
4,750
4,160
9,640
7.200
203,240 167.680
330
120
Egyptian
107,700 133,260
2,810
2,930
5,810
6,030
Smyrna & Greek ) A.n
1,090
2,210 j
370
1,300
1,520
West Indian.... )
39,380
34,550 f
440
Bast Indian
7,630
3,340
410
{ 10,430
'810
371,860
386,020
11,730
12,040
36,660
4,650
2,080 38,360 1,448,330 1,636,430 63,710
-Stocks.—Imports.—
/
This
week.
American
35,218 1,060,447 1,101,616
217.500
7,046
204,130
Egyptian
2,781
144,721
159,895
44
Smyrna & Gr’k
2,103
1,646
W. Indian
2,268
20,466
23,237
East Indian... 23,009
160,440
285,871
Brazilian
.
...
....
Total
10,366 1,717,738 1,664,334
day.
Same
date
1874.
603.170
437.270
127,270
97.788
85,200
100,350
2,060
6,340
818,(53
191,180
91.880
230,270
3,658,673
988,300
787,110
684,710
Total.
1874.
1,949,030
494,040
297,124
2,838
This
114,020
1,510 1
15,160j
Dec. 31.
1874.
274,780
82,520
73,660
23,480
Flour, bbls.
56.257
1,255
Wheat, bus. 732.243
Corn,
44 . 371,720
33,690
Rve,
44
♦Barley 44 .
36,331
C. meal, “
,
.
Oats ...44
♦
.
1,283.753
65,343
4,768.311
8,140,224
46.565
876.395
308,366 2,839,018
The
Jan.
1,683.047
100,523
15,136,065
8,672.258
372.215
561,450
3,729,593
15.
Corn meal has been active at the decline
To
our
day, the market was dull and weak, good supers and
low extras
selling together at $4 75.
The wheat market has declined under increased supplies by
canal and rail, dull accounts from abroad, and an advance in
ocean
freights; and there have been large sales at $1 08@$1 10
for No. 2
Chicago and Northwest; $1 12@$1 13 for No. 2 Mil¬
waukee, afloat and for arrival; $1 15@$1 18 for No. 1 Spring;
|130£@$1 32 for amber Winter, and $1 33 for choice white.
5,927,150
107,834
81,134
211,428
39,257
6,688,226
450
52,538
439,191
110
50,136
3,834
the latest mail dates:
29, AND
FROM AUG.
Flour. Wheat
bbls.
bush.
(196 lbs.) <60 lbs)
Chicago..
40,606
34,971
1,034
Milwaukee
Toledo
Detfipit
6,783
Cleveland
St. Louis
Peoria
Duluth
531,190
445,041
58,856
12,798
*2.987
16,150
28,340
2,285
148,131
16,820
26,825
116,906
122.173
1,255,311
1,082,366
p
Total
Previous week
’73.
131 597
’72.
101,324
1,407,478
730,173
44
noted in
-i
,
1875.
,
1874.
For the
For the
Since
Since
week.
Jan. 1.
week.
Jan. 1,
754.206
32.205
25 377
926,669
7,750
70,576
80,739
2,830
322,549 6.415.808 1,524.035 13.902,810
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
Friday, P. M., June 4, 1875.
last.
....
1 15® 1 35
following tables show the Grain in sight and the move,
ment of Breadstuffs to
*4
depression in the] flour market,
specially in the low grades, and notably superfine, in sympathy
with, a further decline in wheat, with a slight increase in sup¬
plies. The leading shipping grades from Spring wheat have sold
pretty freely at $5@$5 20 for fair to choice, and the better grades
have also been taken to a considerable extent for export at $5 60
....
EXPORTS FROM NEW YORK.—
1, 1974.
44
further
@
@
74
....
In “Receipts at New York” Includes also malt.
BREADSTTJFFS.
some
Canada West
State
Peas—Canada
Since
Corresp’ng week,’74. 135,133 2,598.416
There has been
®
4 40® 4 50
1875.
4
For the
8ince
week.
Jan. 1.
64,650
To this To this
date
date
1875.
1874.
71
70®
Barley—Western
RECEIPTS AT NEW YORK.
4
MAY
ft>tal
69
:
383,580
lor the week and
year,
67®
69®
Mixed
White
6 50® 7 75
5 40® 6 25
,
199,350
® ....
95® 1 07
Oats—Black
6 00® 7 75
83
65
88
The movement in breadstuffs at thiB market has been as fol-
501,000
Total
75®
SO®
78®
Rye
Southernshipp’gextras..
Rye flour, superfine
5 15© 5 50
Cornmeal—Western, &c. 3 75® 4 15
39.980
4,710
9,318
1,506
brands
Southern bakers’ and fa¬
mily D rands
1 24® 1 27
1*23® 1 30
1 30® l 35
Southern,yellow
City shipping extras.
5 !0® 5 60
City trade and family
...
Since the commencement of
1 15® 1 17
v< 1
’70.
107,314
1,153,694
118,891
1,632,716
44
Total
Same
Same
Same
*
1 TO MAY 29.
Corn,
bush.
Oats.
bnsb.
Barley.
bash.
Rye,
bash.
(56 lbs.) <S91b-.)(481bs.) (56lbs.)
1,977
13,742
485,021 268,169
3,496
1,430
35,208
14,360
88.868
160,200
4,550
160.381
83,500
919,524
'278
8,466
11,050
84,321
103,800
'842
655
1,300
9,045
555.192
10,512
19.658
13,107
426.991
744.050
18,483
8,332
930,928
1 2.606
24,466
2,404,146
994,133
908,145
33,894
25,308
3,066,578 1,419,430
30,165
59,059
1,923,329
524,654
16 549
33.916
1,523,085
470 995
20,742
36,499
37.006,516 19.001,321 5,670.688 1.109,061
Aug. 1 to date...4,444.051 51,553.288
time 1873-74. ..5,318,985 70,643,929 46,705.632 22,513.029 6.924,248 1,618,889
time
time
1872-73....4,757,442 42,591,983 46,832,985 21.380.026 9,027.709 1.621,718
1871-72....4,411,048 35.524,561 51,142,597 22,982,023 6,214,118 2,601,657
Estimated.
of Flour and Grain from the ports of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St Louis, Peoria and
Duluth, for the week ending May 29, 1875, and from Jan. 1 to
Shipments
May 29 *
Floor, Wheat,
Cora,
bush.
bush.
Weekending—
bbls.
a37,314
May 29, 1875
117.659 1,446,477
783.898
122.337 1,184.591
May 22, 1875
Corresp’ng week 1874 111.322 1.872,814 1,322,743
Corresp’ng week 1873 132,842 1.252.5S8 1,073,909
97,607
570,391 2,296.835
Corresp’ng week 1872
92,158
953,534 1,158,302
Corresp’ng week 1871
Total Jan. to date...; 1,905,460 10,209,202 11,911,085
Same time 1874
2.434,851 21,614,605 11,654,185
Same time 1873
2,391,081 10,440.870 12,175,619
Same time 1872
1,554,394 3,370,851 19,996,033
Oats,
bnsh.
489.000
420.851
473,632
601.757
864,672
298,447
Barley,
Rye.
bush.
8 100
15.659
bnsh.
19,721
17,520
30,174
4,141
6,443
72,585
35,964
904,010
437,683
7,577
8,772
9,054
4,650,963' 821.540 244,766
5,809.912 1,179,093 2,320,610
5,700,705 1,482,541
279,768
4,498,295
554
JFHE CHRONICLE.
RECEIPTS OP
FLOUR
AND GRAIN
AT 8EABOARD PORTS FOR THE
29, 1875, AND PROM
WEEK ENDING MAY
Flour,
..
.
Philadelphia
Wheat,
Corn,
bbls.
At—
New York
Boston
Portland
Montreal
bush.
bush.
474,320
74,408
7,500
5,086
60,200
172,800
84,700
TO MAY 29.
Oats,
434,193
16,800
1
Baney,
Rye,
bush.
625,185
3,200
25,920
8,550
18,263
JAN.
bush.
bush.
186,473
33,740
62,867
4,500
414
1,234
178,300
51,100
19,000
121,947
48,403
Total
932 761
162,594 1,320,078
Previous week....
181.447
677.282
787,432
Cor. week ’74..
200,955 2,022,107 1,098,162
Total Jan. 1 to date.3,487.385 9,214,190 22,088,804
8ame time 1874
...4,405,686 20,3o2,720 14,750,509
Same time 1873,... ...3,472,538 5,425,832 12,683,722
Same time 1872....
3,249,377 21,153,374
373,582
34,654
423,257
397,777
1,500
2,087
7,236
1,400
301,328
96,149
699,790 526,386
1,061,452 63,348
1,227,433 163,202
..
Baltimore
New Orleans
.
.
..
17,081
23,061
....
..
..
..
..
...,
6,139,936
6,223.866
7,604.948
6,365,573
500
....
[June 5, 1875,
Domestic Woolen Goods.—The clothing trade bought more
goods than during the previous week, but their purchases were
chiefly made in quantities just sufficient to keep their cutters em¬
ployed, and the demand lacked the snap of previous seasons.
Worsted coatings were more active, and goods of this class have
measurably superseded fine fancy cassimeres and milled cloths,
which continued very quiet.
Low grade fancy cassimeres were in
fair request, and the best styles were firmly held and are in some
cases closely sold up, but the general supply is
ample for probable
trade requirements, even admitting that the clothiers are
carrying
exceptionally small stocks. Beavers remained inactive, and the
product to date o*f the Germania and Scotia Woolen Mills will be
closed out at auction next week. Fancy chinchillas, fur beavers,
Montreal, 78,396 bush.
The Visible Supply of Grain, including the stocks in elysians, &c., were in moderate demand, but prices on some of the
granary at the principal points of accumulation at lake and^ lower cotton warp makes have become irregular. Printed sati¬
And peas at
seaboard ports, and in transit by rail,
Wheat
bush.
In store at New York
In store at Albany
In store at Buffalo
In store at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
In store at Oswego*
In store at Boston
In store at St. Louis
In store at Peoria
In store at Toronto
In store at Montreal*
In store at Philadelphia*...
In store at Baltimore*
Lake shipments
Rail ship’ments
Rail shipments to Buffalo...
On New York canals.
131,568
200,000
..
3,0S8
26,914
hush.
499,681
11,000
65,000
66.977
4,000
353
353,060
39,694
27,420
29,502
1,807
90,375
27,478
38,000
85,155
71,631
85,047
3,2i0
377,488
39,795
50,000
140,842
427,700
123,658
226,612
4.635
220,000
190.000
25,000
235,000
92,338
1,073,642
372,835
381.144
565 951
271,363
1,579.856
536.593
.11,004,061
...11.379,121
8.139,558
8,681,471
9,711,944
6,241,151
..
...
...
..
402,557
..
Total
..
Estimated.
bush.
Rye,
1,305,325
1,163
91,785
...
May 22, 1875
May 30, 1874
Barley,
309,064
3,181,568
50,873
..
9,817
bush.
19,570
13,000
6,434
,
217
15’6oo
354
3,670
367
3.549
4,337
1,012
35,525
3,000
100
1,500
50,000
29,500
1,200
145,633
...
343,367
8.100
28,000
167,385
2,000
2,247,043
2,331,518
1,921,193
+24,061
7,577
2,400
63,477
111,043
183,214
140,515
100,691
105,951
155,206
+ Malt.
THE Day GOODS TRADE.
Friday, P. M., June 4, 1875.
The intervention of decoration
as a
day which was strictly observed
holiday in the trade, caused an interruption to business ; but
aside from that, the results of
the week’s traffic have not been
satisfactory. Commission houses dealing in cotton goods report
exceptionally slow movement, but there was a slight improve¬
ment in the demand for woolen goods for men’s wear.
To the
jobbers the beginning of the month as usual brought an accession
of business, and sales were made by them to a considerable aggre¬
gate amount. Considerable excitement prevailed in the print
market on account of the reduction—long expected—of Garner’s
various makes of prints; in the first place they were marked
down to figures which failed to give the necessary impetus to
their distribution, but subsequently when a trade discount was
offered immense sales were effected to city and out-of-town job
bers, and a great part of the mammoth stock of prints which has
long had a disturbing influence was placed in the channels of
distribution. Apart from prints which continued unsettled there
were no
price changes of importance, and it is probable that few
revisions will be made until manufacturers’ agents are' ready to
close their half-yearly accounts with the mills, which will be
about the end of the month ; an effort will then be made to re¬
duce accumulations by granting price or time concassions.
Domestic Cotton Goods.—The package demand continued
light and unsatisfactory to holders, most of whom are carrying
neavy lines of merchandise. Prices were mainly unchanged, and
the best corporation brands were held with nominal firmness,
while outside makes of bleached shirtings, cottonades, etc., could
have been bought on more favorable terms by keen operators
Standard
prints, which are
held at old prices, moved
slowly, but as stated above, a large business was transacted
in Garner’s prints at the reduced figures, which closed at 7£c.
for fancies, 7c. for shirtings, 6£c. for Arr.oskeag and 6c. for
Wamsutta—lees a trade discount. Regatta, Tournament, and
Brighton shirtings were reduced to 7|c. by the agents, and
important lines of 9-8 printed cambrics were closed out to
the jobbers at exceptionally low rates.
Print clotli3 became
more active, owing to a considerable demand from printers, and
closed firm at 5£c. for extra standard 64x64 cloths. Brown and
bleached cottons ruled quiet, and colored goods were in light
request, except cheviots, for which there was a fair inquiry.
Corset jeans and satteenr moved slowly at unchanged quotations,
and there was a more active demand for piques, some brands of
which are sold up to receipts in first hands.
Rolled jacconets
have again become the football of the market, and were marked
down to 6c. by some of the jobbers.
an
fairly active, but blacks and mixtures remained quiet
slight movement in Kentucky jeans. Repellants
and tweeds continued dull, and flannels were but little inquired
for, but there were some dealings in blankets, which are likely to
be advanced shortly to higher prices.
Foreign Dry Goods.—The spring trade has virtually closed
with the importers, and during the week the demand was
restricted to a few specialties.
In dress goods, open mesh and
plaid grenadines, chambrays, de beges, and glace mohairs were
most sought for by the retailers, but selections were very small.
Black cashmeres, drap d’ete and pure mohairs were in fair de¬
mand and steady in price.
Silks dragged both privately and in
the auction rooms, and prices are maintained with difficulty,
except in a few grades of blacks which are in light supply and
consequently firm. House-keeping and shirting linens ruled very
quiet, and handkerchiefs were inactive. White goods were in
rather better demand by retailers, and fair sales of plaid and
striped nainsooks, Victoria lawns, piques, welts and Hamburg
edgings, insertions and nets were made by the jobbers. Lace
and llama points, sacques, &c., were pressed to sale in the auction
rooms with results which entailed a heavy loss on the importers.
Black and colored gros grain bonnet and sash ribbons were in
very good demand, and prices of the best all silk makes were
quite steady in the auction rooms, where some important sales of
these goods were made*
The importations of dry goods at this port for the week ending
June 3, 1875, and the corresponding weeks of 1874 and 1873
nets
Oats,
bush.
679.974
16,500
..
...
*
May 29, 1875:
Corn,
were
and there
was a
have been
follows
as
ENTERED FOR
:
CONSUMPTION FOR THIS
1873
,
Pkgs.
Manufactures of wool.... 341
cotton.. 747
do
259
do
silk
do
flax
1,008
Miscellaneous dry goods. 331
WISER ENDING
-1874Value.
365
{176,854
8S5
240,120
433
303,564
870
166,019
206
58,246
v
Value.
{129,718
195,019
171,286
142,101
Pkgs.
54,818
1,686
1,759
{692,942
Manufactures of wool....
324
571
178
THE
$139,759
cotton..
$944,803
r INTO
Total..
169,826
do
do
do
Miscellaneous
Total
Add ent’d
silk
flax
dry goods.
3, 1875.
1875
Pkgs
Value.
303
716
#146,979
848
640
406,450
131,234
1,102
83,724
3,609
$985,432
217.145
MARKET DUUING THE
$120,442
245
$112,170
77,416
49,389
211
144
66,019
97,150
16,566
271
282
70
381
694
80,092
26,387
331
518
65,036
10,457
$554,646
692,942
1,698
$353,726
1,449
2,759
944,803
3.609
$351,492
985,432
4,457 $1,298,529
5,058
146.917
82.778
397
482
1,952
forconsumpt’n 2,686
Total thrown upon
JUNE
m’k’t. 4,638 $1,247,788
'
<5*
ISk
ENTERED FOR WAREHOUSING DURING SAME PERIOD
Manufactures of wool....
do
cotton..
do
silk
do
flax.....
Miscellaneous dry goods.
58,889
389
195
55
396
9,039
379
164
23
242
113
921
$148,815
143
$67,240
72,235
34,767
224
46
376
69,409
2.176
$154,823
53,481
17,649
82,013
43,976
We
annex
prices of
$381,806
2,759
944,803
3,607
Total entered ai
$293,881
692,942
3,211
2,686
Total
$986,823
5,970 $1,326,609
a
and
Druid
Mills.
44
No.
No.
28
26
24
8
9
No. 10
No, 1
42
No. 2....
No. 3
40
Light duck—
39
No, 4
36
84
32
30
Bear (8oz.) 29 in..
do heavy (9oz.)...
Mont.Ravens 29in.
do
40in.
...
No. 5
No. 7
Checks.
Caledonia,No.7..
Columbia, No. 70
Far.& Min, No. 5
Jas. Long, No.10
Amoskeag.....
do
Boston
B....
12#
12
....
21
15
9#
Beaver Cr,AA.
BB.
do
16
Carlton
19
14
21,195
4,232
5,021
3,609
$289,467
885,432
8,630 $1,274,899
few articles of domestic manufacture:
Cotton Sail Back.
Woodberry
43,981
81,742
Lewiston A
Kennebeck
Nolan’s extra
Park Mills,No.80
18
21
20
28
-
do XXX brn
Haymaker....
Lewiston
Otis AXA...
do BB
..
**
'
16
...
...
Denims.
Columb’n h’ybro
,
Ontario and Woodberry
USA Standard 23# in.
do
8 oz. 22
24
9 OZ.
do
do
10 uz. *26
12 oz. 31
do
do
15 oz. 38
Ontario Twls, 29in. 18
36in.
i
do
1 Ex twls* Polhem’s” 13
17#
18
18
10
20
16
14
15
Union Mills,No. 18
No.50 17-18
do
U
No.70
do
York I..
( Thorndike A..
10)4
I Warren AXA.,
BB....
do
1
do
CC.
York
14
12
20
I Uncasv’e UCA.
..
15
16
@FedFRASER