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..A
MERCHANTS’
HUNT’S
MAGAZINE.
9 W11 fe \ if fj t w 0 p a p e*,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
NO. 72a
SATURDAY, JUNE 7, 1879.
VOL. 28.
The London Economist puts
it at only 12 or 13
sterling, and even that must be mostly gathered
in before it can be sold, as it is now outstanding
any event the sales of 18?$
currency; so that in
could not equal the average of the past three years*
Furthermore, it is rumored, and was so published
in our
own
the day the order was
papers
on
issued, that this decision not to sell was influenced
by a desire to permanently extend the silver currency in
Germany, and the hint was also thrown out that &
return to the bi-metallic system is contemplated.
The
former of these two suggestions may possibly in part be
correct, but no confidence whatever should be placed
in the latter assumption; repoits of such sudden conver¬
sion are wholly unreliable.
Besides, there is in the facte
we
have stated sufficient explanation for the order
issued. Prince Bismarck desires to get as high a price
as possible for his silver; and
when he thinks that price
is reached, he will probably sell whatever of the
surplus he can command for sale. Did it ever occur to
sell.
CONTENTS.
millions
CHRONICLE.
563 United States Treasury Statement 56S
THE
Price of Silver Advarcin?
The
City and the Water Front
564
..
Latest
Monetary and Commercial
Mutual Insurance Legislation
English News
5b5
Changes in Debt and Iniereet
5t6 Commercial and
News
Financial Review of May
666
The Debt statement for May, 1879 567
GAZETTE.
THE BANKERS
568
511
Quotations of Stocks and Bonds.. 575
Money Market, U S. Securities,
576
Local Set uritics
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Investments, and State, City
572
Banks, etc....
—...
Miscellaneous
and
517
Corporation Finances
THE COMMERCIAL TIMES.
Commercial
Epitome
581
561
Cotton
5^5
Breadstulfs
585
Dry Goods
Chronicle.
The Commercial and Financial Chronicle is issued <rr\
Satur¬
day morning, with the latest news up to midnight of Friday.
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complete set of the Commercial and Financial Chronicle—
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our
AD VANCING.
OF S1L VER
The cable has for two weeks disclosed
a
marked im¬
provement in progress
in the London silver market.
This would be
if it could be
of tho>e natural but temporary
a
matter of no moment
r
shown that it
was
one
rapid decline which are always occur¬
ring, and inevitably followed by a relapse to still lower
figures. There seem to be reasons, however, for believ¬
ing that this movement is of a more permanent nature
and not likely to be at once checked.
The more immediate cause of the change in the
tendency of prices was the announcement on the
19th of May by the agents of the German Govern¬
ment raising their price
for future sales to 50£d,
and then later in the day publishing' a telegram from
Berlin directing all sales to stop. Germany issued a
similar direction last year, and actually kept out of the
market for six months, but then returned to it again;
hence the utmost faith is not placed in the permanency
of this withdrawal.
And yet the fact appears to be
recoveries after
a
established that the Government has little
more
silver to
decision of the German Govern¬
subsequent to and might very likely be
previous week’s discussions and votes
in our House of Representatives on the Warner silver
bill ? Germany does not understand that there is no
possible chance of free coinage in this country. uTbe
House of Representatives vote for it,” she probably
argues, “ and hence it would be wiser to wait and see
whether the United States are really intending to
give 61d. per ounce for our cast-off metal.” We do
not claim that such was the motive; we only make the
suggestion and note the coincidence.
With this stoppage in the German supply, comes, at
the same time, an improved demand for silver for the
East, said to grow out of the advance in silk. It is
claimed that the cold spring has damaged the crop of
raw silk in France and Italy to the extent of one-third
the usual production.
This deficiency in supply must be
made good by exports from China at the enhanced
price; consequently, increased silver shipments to the
East are necessary. In 1876, when a similar disaster
occurred to the silk producers, prices of the raw material
went up 75 per cent.
Hence it is now claimed that the
present actual demand for silver will be further increased
later on as prices for silk advance. As to this, we express
no
opinion. It is however of interest to note that in July*
1870, silver fell to the lowest point on record, 46f<b*
but at the close of the year had decidedly recovered*
reaching 58^d.; that the shipments of silver to the East
were $3,734,401 in 1875 and $10,911,407 in 1876.
Tnese are the two conditions, the check in the Germent was
issued
the result of the
“
“
PRICE
readers that this
564
THE CHRONICLE.
[VOL. XXVIII.
supply and the increase in the Eastern demand, thought they had arranged it as far as they were con¬
which are the more prominent and immediate causes of cerned so that they could safely wait at least till 1886.
the present upward movement in price.
But besides This defection therefore destroys this feeling of security
these there are other facts contributing to the same end. and will give them a new anxiety to see the question
We refer to the efforts making in several paper-currency settled.
Does not the moment then appear particularly oppor¬
countries for the introduction of silver in the place of
small notes. This has been in progress for some time in tune for our Government to carry forward negotiations
Austria; it is stated that Russia has even become a looking to the restoration of silver. The price is rising
buyer for this purpose. The Havana Spanish Bank is and is going higher, and this fact not only relieves the
also under contract with the home government to re¬ question of some of the embarrassment which has sur¬
place with silver all its outstanding bills under five rounded it, but also relieves the United States of the
dollars, and is to begin the replacement with the first of odium of the charge made that w7e are seeking the restora¬
July. But more important than all these is the action tion of this metal simply to gain as sellers a higher rate
of Italy with regard to silver, just announced, to appre¬ for it. Our voice, therefore, in the interest of the wmrld’s
ciate the effect of which we must recall a few facts.
commerce, will have greater weight than heretofore.
Our readers are aware that France, Switzerland, Bel¬ England, likewise, as we have often shown, is rapidly
gium, Italy and Greece (the nations which constitute getting ready for the movement. As fresh evidence on
the Latin Union), under a new treaty signed by the this point we refer to portions of the letter of our
representatives of those powers iu November, 1878, con¬ London correspondent to-day with regard to Great
tinued the old Union until January 1, 1886.
The Britain’s China and Bombay trade. - Besides this we now
original convention in 1865 was for the purpose of have, as has been shown, a new anxiety on the part of the
giving to the coins of each an international circulation nations composing the Latin Union.
The United States fully believe in the necessity of a
within the territory of the States named, and it was this
feature or purpose which was preserved by the new con¬ bi-metallic standard, if the trade of the world is ever
vention, while the free coinage of silver was indefinitely again to reach its old volume. All who have bestowed
suspended. In thus amending and continuing the old much thought upon the subject also know that stability
in the price of silver can only be attained by the united
treaty, provision had to be made for the fact that Italy
was not then a specie-paying country.
Paper money action of the great commercial nations. Who then can
had driven coin out of Italy about as fast as it went object to furnishing the Government the means for
through the mint, the greater portion of its coinage taking advantage of the present situation ?
finding circulation iu France, Switzerland and Belgium,
THE CITY AND THE WATER FRONT.
and making the accumulation of silver very excessive
Fresh interest has been given to the entire subject of
in those States.
The representative of Italy, therefore,
by the 8th article of this new convention agreed to water-front improvements by the bill which was passed
suppress notes of smaller denomination than 5 francs in during the closing hours of the last session of the Legis¬
Italy, and to substitute her old small coins for them, lature, and which now awaits the Governor’s signature.
(which are stated to amount to at least 100 million The avowed purpose of the bill is to get rid of certain
francs) France being appointed under the same article difficulties which stand in the way of the improvements
to gather them up and deliver them to Italy, and she now being carried on under the direction and super¬
agreeing to pay for them part cash and part credit with vision of the Dock Department. It is understood that
three per cent interest on all deferred payments.
Thus the bill has the approval of the Mayor, the Controller,
the situation under this new convention wTas (l) the the Corporation Counsel, and Commissioner Dimock,
stoppage of all silver coinage and (2) the requirement one of the two existing Dock Commissioners. It is a
that Italy should purchase at full face value its old noteworthy fact, however, that it was drawn up and
subsidiary currency. This treaty was last month, that is presented to the Legislature at Albany without the
in May, submitted to the Italian legislature, and it has knowledge of Commissioner Vanderpoel, the only other
now refused to
ratify the treaty unless Italy is per¬ Commissioner since the death of Mr. Westervelt. Mr.
mitted to coin 12 millions sterling in 5-franc pieces Vanderpoel protests against the bill and prays the
during the next five years, or say 12 million cf dollars in Governor not to sign it.
The principal feature of the act as passed can be
each twelve months.
Italy has been developing quietly but very surely of easily stated. The improvements now being carried on
late years. Her finances have finally, that is this year for on the east bank of the North River will so widen West
the first time, reached a point where her receipts from street as to make its entire width two hundred and fifty
It was understood, as indeed it is distinctly pro¬
taxes &c. are in excess of her expenditures, and now feet.
she is also about to take her stand as a specie-paving vided by the Charter, that the street so widened should
country. To this end she is willing to pay par for her be unobstructed with any buildings, and that the entire
old subsidiary coins that are now circulating in the water front along the line of the new bulkhead should
other countries of the Union, but she needs five-franc be the property of the city.
In the bill to which our
attention
is
now called it is proposed to allow all those
pieces to make the purchases with, and to serve as a
basis for her new currency; to get them it is proposed to who can make good their claim to the ownership of the
enter the bullion market and secure the advantage of old bulkheads, to secure an absolute right to the new
wall on the water front by the payment of 125 dollars
the present depreciation in silver.
Our readers may not at first sight see the importance for the running foot, with the included right of occupy¬
Of course all will ing fifty feet of the street, running back from the new
of this defection in the Latin Union.
readily understand the effect on price of a new silver wall or bulkhead, with sheds or such other buildings as
customer for 12 million dollars a year. But the demand
they may choose to erect. This is the distinctive fea¬
It is evident at a glance that, if it
of Italy has a far wider and more important influence. ture of the bill.
France and the other Latin nations have hitherto been receives the Governors signature and thus becomes law,
indifferent to the settlement of the silver question; they the entire front on the west side of the city, with fift
man
June
will be given up to the old claim¬
ants.
It will thus follow that the city will not
become the owner of the new and improved water
front ; and the street which, as stated above, was to be
250 feet wide, will remain only 200 feet wide.
Of course there are two sides to the question.
With¬
out doubt the framers of the bill have at least a show of
on
reason
their side. They claim that they hold the
property on the water front, secured by the act of 1813 *;
that the grants then made, and on the strength of
which the original bulkheads were constructed, were
made
in perpetuity ; and that they, the grantees
or
their successors, cannot be deprived, except on
such terms as they may think fit, of their rights to
collect cranage, wharfage and such other dues as per¬
tain to the bulkhead.
It is avowedly because of the
difficulty thus raised, and because of the felt impossi¬
bility, as Mr. Dimock puts it, of raising sufficient money
to carry out the plans of 1871, that this measure has
This is the case as presented by the
been resorted to.
one side.
It is contended on the other hand that the
owners of the original bulkheads have no such rights as
those claimed.
It is not denied that they can collect
wharfage and cranage at the line of the old bulk¬
head if they can get it. It is denied, however, that
they have any claims to the land under water as it
belongs to the State, and by the State has been conveyed
to the authorities of the Dock Department; that the
original owners of the fee have no right to demand com¬
pensation for the loss of wharfage, cranage and such
dues, caused by the widening of the street and the build¬
ing of the new wall or bulkhead, as such claims have been
set aside by two successive Corporation Counsels.
Fur¬
thermore, in the famous combination case, in which the
Astore, the Rhinelanders, the New York Central Road
and others were interested, Judge Van Brunt decided
a
that as the original grants did not provide that the
present bullkhead line should always remain a water¬
front, the City could at any time build in front of it.”
This case, which was appealed, awaits the action of the
General Terra; and it is confidently expected that the
decision of the lower Court will be sustained. It is also
maintained by the opponents of the bill that the sum
which the original bulkhead owners are called upon to
pay for the perpetual ownership of the new bulkhead,
with fifty feet of the adjoining street, will not cover half
feet of the street,
the cost of the construction of the new wall.
be relied upon, does
it not seem as if the settlement of the questions involved
should be left to the courts ? In case it is held by them
If these statements of fact
are
that the old bulkhead grantees
seem
this
new
a
have
no
rights, it would
as
well
But if the final decision is that these grantees
benefit.
hold
to
as unwise to encumber fifty feet of
6treet with these wooden structures for their
unjust
lien
on
the property,
the question would then
the claim be best satisfied. If this view
the necessary conclusion must be that the
Legislature has nothing to do with this matter until the
arise, how
can
is correct,
courts
have finished with it.
$100,000 of insurance in case of county and $50,000 in
of town associations must be applied for as a con¬
dition precedent to beginning business.
The policies
case
shall not be for less than
nor cover more
INSURANCE LEGISLATION.
legislative session just closed an act was passed
authorizing the formation of town and county mutual
or co-operative insurance companies.
Any twenty-five
or more persons residing in one or more adjoining
towns or in any county, and collectively owning not less
than |50,000 of property, may form such company by
filing certificate of intention, together with names of
its members, a copy of the by-laws <fcc., but at least
In the
than
$3,000 in
than five,
year or more
one
one
risk by town
or
$5,000
by county associations; risks shall be confined to dwell¬
ings and contents, and farm buildings and contents, de¬
tached not less than 100 feet from any other structure.
Each person insured shall give an undertaking to pay
his pro rata share in all losses by fire or lightning;
assessments are to be paid within thirty to ninety days,
and are to be recoverable at law; on refusal to pay, the
member may be debarred and his policy may be can¬
celled, but his assessments shall still be recoverable.
Officers shall be individually liable to any persons who
shall sustain a loss by reason of their refusal or neglect
to perform their duties.
All matters of detail are left
to the regulation of each company, and there is no
accountability or reporting to the State provided for.
A
sworn
statement is to be
filed in the office of the
clerk of the town where the company
is located, show¬
ing the condition “ on the day preceding the election of
officers ;” but the only requirement is that directors
shall serve for one year or until their successors are
chosen, and there is no provision for choosing officers at
particular interval, although an annual election was
probably contemplated. It is evident, therefore, that if
any
election of directors is held at the time
no
hold indefinitely,
be likewise deferred.
the old
can
ones can
and the
designated
sworn report
co-operative insurance has been once tried
in this State and found to be a rope of sand. If it were
proposed that the definite payment of cash to all insur¬
ance companies should hereafter be made at the end of
each year instead of in advance, anybody can see that
all substance would drop
out of the business; in
this scheme, which calls for a contribution of indefinite
sums, at indefinite times, the prospect is not bettered by
declaring the obligation enforceable at law. What is a
batch of small accounts actually worth, the debtors not
choosing to pay, although there may be no question
about their validity ?
Indefiniteness must extend all
through the scheme, so that no policy holder could be
sure how much he would receive, in case of loss, or that
he would receive it soon enough to help him rebuild ;
the certainty of full and prompt payment—which fjonstitutes the real value of an insurance policy—would he
wanting.
The difficulty of collection would be another trouble.
There are some legal questions sure to arise on which
the law is silent ; for example, whether each man’s lia¬
bility is individual and not joint ; when a loss is figured
out as a certain percentage of each insurer’s nominal insur¬
ance, in case some will not pay must there be a further
demand upon those who do ? If there must be, the in¬
justice and unpleasantness of being expressly called
upon to phy other people’s debts will put the whole
scheme into disrepute; if everybody pays only for
himself, the member who has incurred loss will
Mutual
have
MUTUAL
565
THE CHRONICLE.
7, 1879.]
to
or
lose
all
fails
that
in
collection,
and
seems to
It
be founded upon an assumption, which ought to be true,
but is not: that all men will promptly and cheerfully pay
what they have agreed to pay and are honorably bound
to pay.
Were this so, the civil courts would be relieved
of most of their business; as it is not so, the mutual
scheme will be, as it was on the previous experiments,
an invitation to personal wrangles and petty litigation.
In theory, it is an attempt to secure for the rural popula-
the
scheme
must
go
to
pieces.
THE
566
tion the benefits of fire insurance
*
♦
CHRONICLE
the mutual
plan, with
the minimum of expense. To the mutuality idea there
is no objection, because it underlies all insurance, each
policy holder, as nearly as the practice can be brought
to the theory, paying his share of all cost.
But, prac¬
tically, the co-operative scheme makes two vital blun¬
ders ; first, in assuming that the cost can be first ascer¬
tained and then collected; next, that the cost of doing
business by experienced persons can be saved as well as
not.
The detached risks proposed, to which the law restricts the scheme, are so comparatively safe, that, in the¬
ory, mutual insurance on them by an association of their
owners is feasible; practically, it is just the contrary.
Nor is there any good reason why the attempt ought
to succeed, for if any just complaint is made against
existing companies, it must be that they charge too
much, or that they are too severe in adjusting losses.
As to the latter, the necessity of severity in examining
suspicious cases is evident, and no charge of excessive
severity has been made. As to the rates, the class of.risks
proposed is now taken by the companies at one-fourth
of one per cent ($2 50 per $1,000), so that there does
not appear to be room for further advance in cheapness.
In fact, at these rates it would require a very large
amount of insurance to cover the simple expenses, even
if the company was very economically managed.
Offi¬
cers know this well, So when they start a mutual
company,
they get out of each of the insured as large a premium
note as possible. For a year, if no losses happen, every¬
thing runs smoothly—small salaries are paid and small
assessments made. Next year salaries invariably increase
and losses occur, and to meet them less care is used in
selecting risks, and money also is borrowed, some at bank
and still more of the unsuspicious farmers, to make good—
without raising the assessment on the notes too much—the
unusual deficiency which is sure to be developed before
the close of the second season. The third year’s experience
ia generally enough to complete the history—premium
notes are all called in, but not paid, so a receiver is
appointed. In a word, the whole scheme is loose and
faulty, and as a means of insurance very expensive,
gotten up to procure salaries for some who are out of
OTiploy and is sure to end in failure.
on
CHANGES IN DEBT AND INTEREST.
Ithe following memorandum of financial operations of the
Government, showing changes in public debt, annual interest
[Vol. xxvm
Rate Per
Title of Loan.
Funded loan of 1891
Funded loan of 1907,
Total
REDUCTION OF INTEREST-BEARING DEBT.
highest point August
31, 1865
Total interest-bearing debt when present refunding
$2,381,530,294
96
an
of
1879)
1,797,643,700 00
Reduction in interest-bearing debt from
highest
$583,886,591
point
Annual interest charge, highest point Aug. 31,1865.
Annual interest charge when present refunding oper¬
ations are completed (August 1,1879)
96
150,977,697 87
83,773,778 50
Reduction in annual interest charge
$67,203,919 37
REDUCTION OF TOTAL
DEBT.
31,1865...
Reduction of total debt
Reduction of debt since March
$2,756,431,571 43
2,027,182,468 19
$729,249,103
1,1877
Rate Per
Title of Loan.
Loan of 1858
Ten-forties of 1864
Five-twenties of 1865
Consols of 1865
Consols of 1867
Consols of 1868
Cent.
5
5
6
6
6
6
24
61,598,674 85
BONDS REFUNDED 8INCE MARCH
1, 1877.
Amount.
$260,000
194,566,300
100,436,050
202,663,100
310,622,750
37,473,800
Total
Annual
Interest Charge.
$9,741,315
39,071,742
$846,022,000
$48,813,057
place of above bonds there will be issued, when present
refunding operations are completed, which will be not later
In
tfchan
August 1,1879, bonds
as
follows
:
28,440,880
$846,022,0) 0
$34,515,880
BONDS SOLD
FOR
Bonds have been sold for
1,1877, the interest
coin
reserve as
on
follows
RESUMPTION
PURPOSES.
resumption
purposes
:
Rate Per
Title of Loan.
Funded loan of 1891
Funded loan of 1907
since March
which represents the annual cost of tht
Annual
Amount.
Cent.
In terest Charge.
$2,025,000
1,000,000
$65,000,000
4%
4
25,000,000
$90,000,000
Total
$3,925,000
—making a net annual saving in interest through the refund¬
ing and resumption operations since March 1, 1877, of $10,372,177.
In addition to the above bonds, there were issued in 1878, t#
replace coin used in payment of the Halifax award, four per
1907, amounting to $5,500,000.
In preparing this memorandum, the maximum limit of the
issue of four per cent bonds and certificates is stated. When
refunding transactions are completed and full returns received,
the amount may be somewhat smaller, making the interest
charge correspondingly less.
cent bonds of
FINANCIAL REVIEW OF MAT.
The month of
May witnessed a good degree of activity in th*
The Syndicate were remarkably successful
selling the United States 4 per cent bonds taken from the
financial markets.
in
Government, and until the last week of the month the amount*
large. A re-action finally took place, in con¬
sequence of the large amount of $10 funding certificates taken
by the public to realize the advance on 4 per cent bonds for
which they are exchangeable. These subscriptions for 4 per
cents had the effect of withdrawing a large amount of cur¬
rency from circulation, and thus caused a scarcity of money and
an advance in loan rates.
The general buoyancy in the market*
was well maintained, as a rule, and stocks and bonds wer*
strongly held, both on speculative and investment account.
The total transactions at the Stock Exchange, compared with
previous months, were as follows:
placed
were very
March.
February.
,
U.S. Goveram’t bonds
State bonds
Railroad bonds
Bank stocks.. .shares
RR.&miseel.stks “
$6,224,550
April.
May.
$4,855,150 $15,940,850 $11,533,25#
1,269,000
22,609,200
1,992
4,716,495
1,536,000
19,613,800
1,348
3,934,634
1,034,800
40,415,250
1,244
4,470,099
1,468,00#
43,140,355
1,272
5,450,375
following summary shows the condition of the New York
Clearing House banks, the premium on gold, rate of foreign
exchange, and prices of leading securities and articles of mer¬
chandise, on or about the first of June in each year, from 1877
The
to
1879, inclusive:
STATISTICAL SUMMARY ON OR ABOUT JUNB
1879.
New York City Banks—
Loans and discounts
Specie
Net
1877
$ 257,272,800 234,049,400 250,754,40#
deposits
Surplus reserve (over 25
Money, Gold, Exchange—
1878.
# 18,785,400 17,001,200 19,844,50#
$ 19,869,400 19,941,000 16,143,700
$ 225,754,000 199,867,900 223,481,60#
9
Legal tenders
1, 1877 TO 1879.
$
41,791,400
47,248,000
55,899,70#
4,038,300
14,282,225
19,873,80#
p.c.)$
3 ®5
2 ®4
Call loans
1%®3
4
wo
Prime paper
3%®4%
3%®4%
100
101
Gold
106%
Silver in London, per oz
52*4
53%
53%«
Prime sterling bills, 60 days.. 4 87%-4 88*2 4 83%-4 84% 4 87 -4 88
United Slates Bonds—
115
1073s
108%
68, 1881, coupon
119
Xl22%
122%
68, currency, 1898
111
1023*
105%
5s, 1881, coupon
107
106i«
1033s
4%s, 1891, coupon
4s of 1907, coupon
103%
101%
Railroad Stocks—
New York Central & Hud. Riv.
119%
89%
109%
Erie
273a
6%
15%
Lake Shore & Mich. Southern.
75%
63%
48%
.
►
Debt, less oash in the Treasury, highest point August
.Debt, less cash in Treasury, June 1,1879
711,022,000
$14,297,177.
Circulation
operations shall have been completed (August 1,
-
$6,075,000
annual saving hereafter in the interest charge on
refunding operations since March 1, 1877, of
—making
account
Interest Charge.
$135,000,000
4%
including
refunding certificates
4
charge, &c., has been prepared by the Treasury Department in
answer to numerous inquiries:—
Total interest-bearing debt,
Annual
A mount.
Cent.
Michigan Central
Chicago Rock Island & Pacific
78*8
138 78
Illinois Central
87*4
Chicago & Northwestern, com.
Chicago Milw. & St. Paul, com.
63
Delaware Lack. & Western
60%
52%
Central of New Jersey
Merchandise—
...
61%
38%
66%
112%
8330
533a
53%
56%
21%
18%
39%
26
7
92%
53
13%
Cotton, MiddPg Uplands.$ lb.
11%
115„
32®38
32®38
35® 45
Wool, American XX
$ B>.
Iron, Amer. pig, No. l..$ ton. 18 50® 19 00 16 50® 18 00 18 00® 19 0#
Wheat, No. 2spring.. .$ bush. 105® 106 105® 108 165® 17#
.42®
46
54® 58
Com, Western mixed.
bush. 41 %® 43%
Pork, mess
$ bbl. 10 12@10 25 9 00® 9 62% 14 20® 14 4#
June 7,
THE CHRONICLE.
1879.]
567
BANK MOVEMENTS AND THE MONEY MARKET.
.
Railroads.
Mar.31.
Cliic. Mil. & St. Paul.
413s
do
pref. x80%
Chic. & Northwest...
60%
The most
important change in the bank movements was the
large reduction in the legal-tender reserves, caused by the
pref.
•ailing in of a large amount by the Treasury Department in Chic. do
A Rock Island.
payment for subscriptions to the 4 per cent bonds. When the Chic.St.P.AMinneap
Clev. Col. Cin. A Ind.
money was again paid out in settlement of the called bonds, Clev. & Pittsb., guar.
the money market relaxed. The money market hardened in Col. Chic. A Ind.Ceut.
Del. Lack. A West’m.
•onsequence of the decline in bank reserves, and in exceptional Dubuque A Sioux C..
Erie
•ases as high as 7 per cent was paid for
money on call.
The
do pref
banks’ surplus reserve above 25 percent of liabilities, which on Erie & Pittsburg
Frankfort A Kokomo
Kay 3 was $14,373,775, had declined on May 31 to $4,038,300.
Hannibal & St. Jo
Loans and dlsc’nts
Specie
Circulation
Net
deposits
Legal tenders
8urp.res.ovV 25
n.e
Range of
call ioaus
Rate of p’rae paper
May 17.
May 10.
May 24.
May 31.
$239,357,800 $242,941,000 $253,838,500 $257,036,500 $257,272,800
18,745,000
18.763.900
18,510,200
18,802,400
18.785.400
19,088.000
19,683,100
19,085,400
19,856,000
19.869.400
214,331,700 224,907,200 230,424,700 227,345,(500 225,754,000
53 r'70,700
49,440,500
49.150.900
43,284,900
41.791.400
14 073.7.5
10 0 8.0C0
10,308,625
5,250,900
4,038,300
2@4
2@5
2/g@4
3@5
4 ~@6
4 & VA
4@5
3%@0
4® 5
*5
4< %
91 »4
5
48%
477s
*57
15%
Kansas Pacific
Keokuk A Des Moines
do
pref.
Lake Shore
Louisville A Nasliv..
Mar’tta A Cin. 1st pf.
do
2d pf
Michigan Central....
6s,
5s,
4%s,
1881
1891,
6s
4s,
1
907,
coup. coop. coup. coup. 1898.
-•
106% x03 3-4
124%!
1241a1
101%
101 7a
107
103 % 107%
S.
--
124%j
103%
1
124%!
107%
--
106% 103%
102%
102%
107
I
124%!
124%
106%
103%
--
107
21
22
23
21
25
2(»
27
102% 121%!
28
-.-..I
124%!
29
30
31
S.
--
19
107"
107%
107%
107%
10738
‘20
_
.
--
102%
102%
104
104
104
107% 103
107% 103%
103% 125%
107%
107%
103%
.
.
-•
Low.
k
®
106% 103%, 107
101% 124%
L07% 103% 107% 103% 125%
Cons’L for money,
May.
1..
2..
3..
4..
5..
6..
7..
4%s
5s of
4s of
of
1881. 1891. 1907.
6
rH
&
Cj
S*J
s
4%s
5s of
4s of
of
1881. 1891. 1907.
Hu
989l0
981%g
98i516
98131g
989ig
8.. 9&i%g
9.. 98916 10334 105%l 109% 10134 '28
10.. 98»16 10334 105% 109% 104 34 29
*
O
20.. 98H ir, 10334 105% 108% 105
liday
110
104 % 21.. 98131G 10334 105 7s 108
10.% LOG
34; 105 %
10334 106
109% 104% 22
98%
10334 105 7s 108% 105%
8.
123
93%
10334 105% 108 7a 105%
103-4 105% iio
10434
Ho liday
10334 105% 109% 10t34 25
8.
10334 10534 109% 10434 120.. 98131G
105% 10s % 105%
10334 105% 109% 104:% 127.. 981316
10578 108 34 105%
..
11..
12.. 98%
13.. 98i »lfi
14.. 93%
15.. 981316
16.. 98l%6
17.. 98i%«
18..
19.. 98l%G
to
.
..
..
..
j
S,
98U51(J
99316
105%
lO'i %
10 =34
10534
30.. 991 ,«
lb < 34 10o% 109% 104% 31 9813ig
10334 105% 109%' 104%
Opn 989ig 1037m 106
10334 105% 109%! 104%
Hgh
1037s 106
10334 L0534 *08% 1104% Low 99316
103% 105%
089,6
10334 10534 IO-34U0434 Cl os
10534
9S15jg
10334 10534 108 34 10434 S’ce Jan. 1
S.
II..
..
10334 105% 1033ul04%
99716
L.. 95%
St. L. Iron Mt. & So..
do
assented
St. L. Kans. C. A No.
do
pref.
St. L. a S. Francisco.
do
pref.
do
1st pref.
Union Pacific
108% 105%
108% 10’.%
10834,105%
108% 105%
110
110
104%
105%
03%: 104%
08%; 105%
35
improvement in coal stocks, owing to
a
slight
has been made at the recent low prices. Trunk line railroad
stocks were unfavorably influenced by the cutting of
freight
rates, and the very low prices made from Chicago Eastward,
which gave no margin for profit.
The following table will show the lowest, highest, and clos¬
ing prices of railway and miscellaneous stocks at the New York
Stock Exchange during the months of April and May:
RANGE OF STOCKS IN APRIL AND MAY.
April.
Albany &Susq’hanna
Bos. <fe N. Y. Air-L. pf
Burl. Ced. Rap. A No.
Canada
Central
Southern
of N. Jersey.
dies. & Ohio
do
1st pref.
2d prof.
do
Chicago & Alton
82
33
02
38%
Low.
82
40
31%
57%
38%
4%
High. Apr.30.
90
48
35
62%
45 7s
4%
.
do
•hie. Burl. &
80
pref.
Quincy.
114%
75
109
112%
80
109
115
•
Low.
—May.
,
High. May 31.
89
89
93
41%
4034
43%
35
59
34 %
40%
58%
43%
*4%
43
61
52
10
*2
77
*108
114
59
13
*35
72%
72
56%
53%
76%
70%
*99
86 34
79
9%
17%
84
89
......
......
%
2%
11334
117%
150
198
159%
10%
34
132
104%
96%
99
3
140
108
14%
8%
34
6 34
8%
18%
23%
23%
15%
34%
7%
2934
6%
8
17%
71%
136
17%
80
78%
18%
15
11
86%
9
87
42 78
2%
117%
117%
181
160
14%
38
14%
37%
139
108
...
101
92
92%
45%
4
120%
119%
200
183
40%
*2%
*164
166
15%
16%
40%
39%
148%
112% tll2%
150
..
*100
.
105%
8
t20
20%
8%
18%
12%
20 38
2038
15%
20%
14%
29%
30%
42%
40'
11%
9%
13%
10%
28%
24%
76 34
72%
138
*139%
3434
33%
80
35%
2%
.
*107%
96% *92
101% *101
15
56
9
5
82%
xl36'
10
2L
75%
14%
.
15%
3934
159
78%
13%
195
160% *160
11%
04
.
23%
23%
21
23%
45%
42%
160% *158
87%
87%
59%
13%
78%
27%
*51
,
50
11
3
48%
x35%
*75
xl06%
Adams
American
United States
Wells Fargo
til
tl9%
21
*27%
28%
17%
15
41%
9%
10%
45%
11%
12%
22
26
71 34
140%
3234
11%
_
75%
144
*73%
„
_
39%
37%
58
72%
68%
3234
42%
80
82
102%
114%
*60
48
33
76
103
60
37%
82%
108
58
33
*80
103
41
*80
114%
106%
*47%
*47
99%
105%
48
47
99
108% *108
xlOG%
47
49%
49%
x45
49%
48
97
100% 100
110
50
*xl07*
48
4-8% *x40%
100%
*97
23
38
10
f£3
33
Coal and Mining.
Consolidation Coal...
Homestake Mining
..
23
x3‘2%
30%
33
Maryland Coal
Pennsylvania Coal...
Spring Mountain....
Mariposa Land & M.
do
pref.
Ontario Silver
Min’g.
Quicksilver Mining..
do
pref.
Standard Cons.
Gas.
New York
32%
x32%
10
‘133
50"
*2%
*230
x40
*12%
*34%
Min’g
2%
3
39
12
8
7%
40%
*6%
*6%
*40
6%
6%
38%
*14
*37
14
36
29
34%
16
38
25%
35%
96
96
28
29%
*138
50
8
8
39%
17%
6%
*7
*39
*14%
46
34%
34 \
Various.
Canton
Del. A Hudson Canal
Pacific Mail
Pullman Palace Car..
Sutro Timnol Co
*
40%
40
13%
12%
32 34
4 6 34
15
*3%
81
4
85%
4%
*25
t Prices asked.
Prices bid.
t32%
4534
13%
31
45%
13%
82
4%
43s
46
*44
50%
59%
15%
15%
85
4%
4%
} Ex-privilege.
FOREIGN EXCHANGE.
were
advance in the prices of coal and the large distribution which
Mar.31.
85%
4
20%
1093.t HO
105%
103% 105%! 106% 101
The stock market kept .on with a fair degree of activity, but
without any great or striking speculative movements. There
Railroads.
54
80
Express.
There
decided
47%
29%
48
80
23
159
86
14%
55
26%
17%
40%
40 %
*158
55
111
RAILROAD AND MISCELLANEOUS STOCKS.
a
' 18
44%
160
72%
59%
x7278
Jersey.. *134%
Western Uniou
Ex coupon.
was
26%
48%
Telegraph.
CLOSING PRICES OF CONSOLS AND U. S. SECURITIES AT LONDON IN MAY.
0
21 3q
22%
pref.
American District...
Atlantic A Pacific
Gold A Stock
n
106% x03 34 107
Open
101% 124%
Hi li 107% 1.04
107% 103% 125%
102 %
do
Wabash
Warren
107% 104
107% 103%
107% 103% 107% 103%
102 34
107% 10 ;% 107% 103
....D ecora tion
Day.
107% 103% 107% 103%
14
38
153
70%
St. L. Alton & T. II..
United Now
S.
102 3q
103%
10334
49%
*22%
71%
48%
1135
Pittsb. Ft.W.&C.guar. *x03 %
do
special
5s,
6s,
4%s,
4s,
6s
1881, 1881. 18 *1, 1907, Cur.,
c >up. coup
coup. coup. 1893.
Cur.,
45
60
.
RcnsscTrA Saratoga.
1881,
*53
27%
20%
7%
Panama
MAY, 1879.
57
2434
22%
7%
86%
9%
.
„
86%
firm.
CLOSING PRICES OF GOVERNMENT SECURITIES IN
—May
s
High. Apr.30. Low. High. May 31,
43%
41%
40%
51%
51%
83%
91
81%
81%
90%
63%
58%
58%
64%
62%
923q
89%
8930
95%
94"%
132% 130% 130% 141
139%
21
33%
48%
55
44%
44%
51%
97%
96
98% x96%
x95%
9
734
8
638
6%
543s
51%
51%
60%
60
82%
strong, and the
advance in United States 4 per cent bonds was quite remark¬
able, as they sold up to 103/£, including accrued interest.
Railroad securities met with an active demand, and prices were
were
-April-
Indianap. Cin. & Laf.
..
All classes of investment securities
54
25%
46%
Mo. Kans. A Texas
Mobile & Ohio
Morris & Essex
84
Nasliv. Chatt. A St. L
N. Jersey Southern..
t2%
N. Y. Cent. A: Hud. R. xl 14%
New York Elevated
J151
N. Y. N. H. & Hartf’rd *160
Ohio & Mississippi...
12%
do
37
pref.
INVESTMENT SECURITIES.
39%
79%
57%
87%
130%
43%
91%
do
pref.
44%
Harlem
xl53
Illinois Central
82
NEW YORK CITY BANK STATEMENTS IN MAY.
May 3.
x88%
xl30
Low.
3%
9%
7%
85
110
113%
118%
BANKERS’ STERLING EXCHANGE FOR MAY,
60
May.
1.
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
..
...
...
4'86%@4*87
4-86%^4-87
4-86%@4-87
...
...
...
...
...
4-86%®4-87
4-86%®4-87
4-86%S>4-87%
4*87 '5)4-87%
4-87
4-87
...
...
...
...
...
4-87%®4-88%
4-8734®4-88%
4-8734-5 4*88%
4-8734@4-88%
4*8734®4-86%
4-88% 5)4-89
4-88%@4-89
4-8H%®4-89
'5)4-87% 4-83%®4-89
'a) 4-87%
3..
...
...
Demand.
s..
.
...
days.
4'87%'5>4-88
4-87%@4-88
4"87%5'4,83
4-87%Sl4*83
4-87
4-87
'5)4-88
'5)4-88
May.
18
19
20
21
22
23
24
25
26
27
28
4-S8345)4-89%
4-8834S)4-89%
4-8834®4-89%
4-8834@l-89%
4:88 34-5)4-89%
4-8334@4-89%
29
30
31
60
days.
...
...
...
...
...
4*87
4*87
4-87
®4-88
@4-88
©4*88
4-88%®4-89%
4*88%'5>4-89%
4'88%®4*89%
4-87%@4-88% 4-89%® 4*90
4'87%-5>4-88% 4-89%®4*90
4*87%’®4'88% 4-89%»4‘90
S..
...
...
...
...
...
...
...
Demand,
S..
...
...
1879.
4-87%@4-88%
4*87%@4,88%
4-87%®4-88
4-87%@4*88
4-89%@4*90
4*89%@4*90
4-88%®4*89%
4-88%^4*89%
Decora tion Day
4*87% ©4-88% 4-89%'»4*90
Range 4-8G%3>4-88% 4-87%®4*90
*91
52
6%
16%
12%
77
108
near
excitement in the
exchange market, but rate*
firmly held, and in the latter part of the month ruled very
to the specie shipping point.
was no
THE
The
84
*111
116%
DEBT
STATEMENT FOR
MAY.f 1879.
following is the official statement of the public debt a*
appears from the books and Treasurer's returns at the close of,
business on the last day of May, 1879:
THE CHRONICLE.
568
Fund for
Interest-bearing debt.
When Pay ble
Auth’rizing
Character of Issne.
Act.
June 14,
Feb.
8,
March 2,
153 of 1858
(is of 1881....
its, Oregon War
63 of 1881
32
V>8 1S74 J. & J.
’61 1880 J. & J.
’61 1 81 r. & J.
March 3,
63 of 1881
March 3,
53,10 40‘s
March 3,
63, 5-208 of 1867
March 3,
6s, 5-20s of 1868
53, Funded Loan, 1881 July 14,
4X3,
do.
1891 July 14,
48.
do.
1907 July 14.
’63
’64
’65
’65
i s, ref’ng certificates Feb. 2P,
3s. navy pens’n f’d/o8 July 23,
’79
’70
’70
’70
$
4,3 fi.OOO
132,018,150
945,1(00
57.303,203
i23,"f 0
15,676,250
135,7 2J 50
48.2 3.150
d
d
d
6,790.SOO
14,127,100
2d3,363/00
165.770/50
398,714,059
31,211.300
Q.—F.
...
•
do.
Q,-M.
Q.-J.
19.10 ',200
215,074.750
84,229/50
228,620,759
$737,739,950
28,721,660
14,090/ 0)
1,156,051,150
est
*
a
*
•
.
.......
.
’68
Interest'
Interest account, .Pacific
Co
Treasurer U. S., agent for
$8,403,100 00
5,12(5,870 77
—57,377,037 30
17,780,000 00
34.070,700 00
Refunding certificates
Balance, including bullion fund
358,320,082 64
Standard silver dollars
Silver coin
presented for payment, of $55,006,^60 principal and $2,070,977 interest.
$54,586,251 is on the “called” five-twenties and consols.
Of
this amount,
Debt Bearing: no Interest.
Amount.
July 17, 18 1; Feb. 12. 1862
Legal-tender notes...
Certificates of deposit
Feb. 25, 1802;
i une 8. 1872
$61,530
3>6,681,016
26,795/TO
15,874,777
July 11,1862; Mar. 3, 1863
Fractional currency..
Gold certificates
July 17, 1862; Mar. 3, 1853; June 30, 1884
March 3, 1863
Silver certificates....
Februaiy 28, 1L78
2,35-,930
Aggregate of debt bearing no interest
$407,192,9-3
15,413,7(0
8/-17
Unclaimed Pacific RR. interest
2.
$136,080,200
26,181,045
6,813,589
Silver bullion
5,072,655
Gold certificates
33,580
Silver certificates
1,922,820
United States notes
?
09,142,335
U. S. notes (special fund for redemption of fractional
Gobi coin and bullion
Old demand notes....
481,090,122 80
$550,430,680 54
ASSETS, JUNE
Coupons of $50 and $100 bonds are paid annually in March.
sizes or denominations of each issue of bonds are as follows: (a) Coupon,
$1,000; registered ^5,0>J. (b) coupon $1,090; registered $1,000, $5,000, $10,000.
(£) $50, $100 and $500. (d) coupon, $50. $100, $500 and $1,000; registered, same
and also $5,000 and $10,000.
Ou the above issues of bonds there is a total of $5,126,876 of interest over-due
and not yet called for. The total current accrued interest to date is $20,652,891
Debt on Which Interest IIa« Ceased Since maturity.
There is a total amount of over-due debt yet outstanding, which has never
Authorizing Acts.
3,720 00
27,589 28
4,001,820 82
tional currency
Interest due and unpaid
Called bonds and interest
Co in certificates
The
Character of Issue.
Railroads and L. & P. Canal
paying interest oil D, C. bonds.
Treasurer’s transfer checks outstanding
Treasurer’s general account—
Special fund for redemption of frac¬
*
Been
4,031 30
01,166 00
account
#1.967,4 4,760
bearing d ebt
13,0%7f041 62
240,320 OO
redemption of national bank gold notes
Currency and minor-coin redemption account
d
>i
d
c
& J.
& J.
M.&S.*
J. & J.
J. & J.
J.
J.
1881
1881
1904
1887
1888
1881
1891
19.7
July&A./bl
b
488,837 05
cent fund for redemption of national bank
Five, per
notes
Fund for
Coupon.
$4°,000
14,093,000
a
“ roHnpin(r
Undistributed assets of failed national banks
Bonds Outstanding.
Registered.
redemption of notes of national banks “ failed,3
limiiilntian ” ‘irwi
“in
Interest
6
Periods. s
[Vol. XXVIIL
8,408,106 00
147,380 00
currency)
14,514,406 41
National bank notes
National bank gold notes
Fractional currency.
125,072 10
270,442,471 30
3,102,174 06
Deposits held by national bank depositaries
Deposits held by U. S. designated depositaries
Nickel and minor coin
New York and San Francisco exchange
One and two-year notes, &c.
Redeemed certificates of deposit, June 8, 1872
Quarterly interest checks and coin coupons
Registered and unclaimed interest paid
1,524,684 20
468,500 OO
501 50
1,155,000 00
123,458 35
paid
507,516 25
5,772,016 40
000 75
690 OO
U. S. bonds and interest
Interest on District of Columbia
Pacific Railroad interest paid
8 peake r’s
14
OO
32
55
OO
OO
67
bonds
certifioates
J
Deficits, unavailable funds
090,848 30
$559,430,080 54
Recapitulation.
Amount
Interest.
Outstanding.
JSTEIlEST-BKARING DEBT—
Ronds nt fi ppr rpnf.
Bonds at 5 per cent
Bonds at 4x per cent
Bonds at 4 per cent
Refunding Certificates at 4 per cent
Navy pension fund at 3 per cent
$354,9 0,750
692,445,550
,
RATES OF EXCHANGE AT LONDON AND
AT LATEST DATES.
250/(00,000
627,3 4,800
28,723,66!
EXCHANGE AT LONDON—
14,0 0,0)
Total interest-bearin0- debt
..
Debt on which Int. has ceased since Maturity.
Debt bearing no Interest—
Old demand and legal tender notes
Certificates of deposit
Fractional currency
Gold and silver certificates
ilXouctimii (Commercial ^tiglisTt Items
May
2,0:0.977
$346,742,54".
Paris
17,7b0,660
8,617
Unclaimed ILcific RR. interest
$2,429,914,403
Total
Total debt,
not
principal and interest, to date, including
presented for payment
Total cash in Treasury
$27,853,362
interest due
.
Debt, less cash in the Treasury, Jure 1, 1879
Debt, less cash in the Treasury, May 1, 1879
Genoa
Milan
$62,2*0
$5,126,876
Co, 06.660
2,«)70.977
17,760,663
26.795/ 00
5,408,166
43V91.217
Companies, Interest
Payable in Lawful money.
paid by
1
Inteiest
rep
(Balance of
tid by Lint, paid
by U. S.
Outstaud’g. United St’sitr’nsp’t’n.•
Central Pacific
Kansas Pacific
Union Pacific
Central Branch, Union
Western Pacific
Sioux City and Pacific
$25,885,120 $16,163,57* #2,611,8:0 $M,851,6 *6
6,303,000
27.236,512
1,600,000
1,970.560
1,623,320
Pacific..
$64,623,512'
Total
4,427.523
22583'223*
a
47
a
“
u
Naples
Lisbon
Alexandria
New York...
Bombay
Calcutta
....
00davs
“
....
Hong Kong
2,087,2«2j
17,603,992
1,117,808
1,136, '97
6,30V»74!
1,024,651
86,791*
73.142!
9,367;
i
2/X0.240
1 \2:-n,017
1,0 n.665
1,(26,830
93 i,859
$41,773,745 11,177,4351 $30,596,3.9
of July 1, 1582, and
July 2, 1804; they are registered bonds in the denominations of $1,0(1*, >5,0/0
and $10,000; bear 6 per cent interest in currency, payable January 1 and July 1,
and mature 30 years from their date.
The Pacific Railroad bonds are all issued under the acts
it
20.43
20.48
20.43
117.40
22 Short.
22
a
22
3
mos.
22
20
20
it
a
22«, 0
t
4 8‘00
*
22 3
22
22
mos.
3
mos.
20
20
a
07%
110.37
4.88 Jg
it
Is.
Is.
it
May 20
U
.
a
,
*
27.35
27.35
27.35
1:4
22 60 days
!May 22 6 mos.
(May 22
lM»y 20
....
*
...
.....
May
May
May
Slay
May
May
i
.
Shanghai."..
25.20
12.0G
May 22 Short.
May 22
3)47^8
Is. 7>}8(1.
Is. 7**8(1.
25.18 *2
....
.....
......
.
Constan’ple..
Rate.
Time.
May 22 Short.
47J6®47>q
27.7212®27*7712 May
27.72 Li 2*27-77 V May
27.72 *2®27*77*2 May
52 3*52*3
May
May
May
a
7&16d.
79,(jd.
3s.
8a4d.
5s. 0»4d.
correspondent.]
London, Saturday, May 24,
[From our own
145,391,93?
$430,59 ,297
Interest
Madrid
(Ify] i 7.
! Latest
j Date.
3*20.00
3*20.60
3*20.00
2*11.97 ^
a
109/71 0 0
Available Assets—
Cash in the Treasury
Amount
a
$2,027,182,468
2,027.120,217
Current Liabilities—
Interest due and unpai 1
Debt on which interest ha? ceased
Interest thereon
Gold and silver certificates
United States notes held for redemption of certificates of deposit.
United States notes held for rtd mption of fractional currency.;-.
Called bonds no* matured for wh ch 4 p c. bonds have been issued.
Cash balance available June 1. 1879
Character of Issue.
a
$2,457,773,765
433,591,297
8,601.363
20.50
20.50
20.56
11.92
a
St.Petcrsb’rg
Increase of debt during the nast month
Decrease of debt since Jnne*30.1878
Ronds Issued to the Pacific Railroad
a
...
Vienna
'2*25.25
■3*25.40
325.40
12.0140*12.114
12.2%@12.3i4
Short.
3 mos.
.
$ 107,192,983
25.35
25.35
a
Antwerp
Amsterdam
Amsterdam
Hamburg
Berlin
Frankfort...
.
Total debt bearing no interest
25.15
Short.
3 mos.
Paris
2i, 7 95,00.15.874,777
Rate.
Time.
ON-
EXCHANGE ON LONDON.
23.
$2”,779,768
1,967,414.760
55,306,660
ON LONDON
1879.
market has scarcely varied during the week. The
rate for the best bills is 1M per cent; but there seems to be a
tendency to lower quotations. Owing to the failures which
have lately taken place in Holland and in the iron trade of this
country, the same want of confidence prevails, and the banks
continue reluctant to lend. The public sales of Colonial w*ool
are, however, passing off satisfactorily, and silk is dearer, owing
to adverse reports from Italy in reference to the prospects of
the new crop ; but most other branches of business are in a dull
and unsatisfactory state. The railway traffic returns, too, are
disappointing, there being a decrease, compared with last year,
on most lines.
The “ heavy” lines, as they are called, or those
embracing the manufacturing districts, show unfavorable
results, and. consequently, ample evidence is afforded that trade
The money
is slack and is
devoid of all buoyancy. The line, however,
is the Northeastern ; but this is
which has suffered the most
UNITED STATES TREASURY STATEMENT.
The
following statement from the office of the Treasurer for
week.
It is based upon the actual
Treasurers, depositaries and superintend¬
Jane 2 was issued this
returns from Assistant
ents of mints and assay
offices
:
LIABILITIES, .TUNE
2.
Fund for redemption of certificates of deposit,
June 8,
1872
Post-office Department account
1 Tlsbursing
officers’ balances
1
$27,035,000 00
2,014,709 86
18,028,258 37
chiefly to the Durham strike, which has fortunately termi¬
nated, though not to the satisfaction of the colliers. During
the five weeks .of that strike, the receipts of that undertaking
amounted to only £575,950, being a decrease of £103,904, or
about 18 per cent, compared with last year. Hopes are, never¬
theless, entertained that if the summer should be favorable, and
the Zulu war brought to a close, there will be a better feeling
in commercial circles.
It. almost seems, however, that as soon
due
June 7,
THE CHRONICLE.
1879.]
569
tendency to improvement manifests itself, failures of some Leeds paper—the Yorkshire Post—says: “ It is stated that the
importance crop up, and a return of confidence is thus very liabilities of the Middlesborough firms who failed last week and
seriously delayed. So protracted a crisis has not been known of the partners of Floyd & Co. are about £1,000,000. Floyd &
before, as it may be traced back to October 1873, when London Co. are indebted to the sum of £400,000 ; Mr. Isaac Wilson, M.
and indeed all mercantile cities in this country were startled by P.; £150,000; Mr. Hopkins, £200,000 ; Messrs. Hopkins, Gilkes &
the failure of Messrs. Jay Cooke & Co; There sefims to be little Co. (Limited), £200,000 ; and Mr. Gilkes, £18,000. The total
doubt of a continuance of an easy money market.
The assets will fall far short of £l;000,000. Some of the creditors
directors of the Bank' of France decided yesterday to lower are secured. Nothing is being said as to further disasters, and,
their minimum quotation to 2 per cent, and the tendency in with such help as ironmasters can give each other, it is hoped
other directions is towards increased eas?.
Cleveland will tide over the commercial depression without the
Throughout the week much caution has been observed in the failure of any more firms.”
I referred to the fact last week that several land-owners had,
money market, and it now seems to be the practice not to hold
too much of the paper of any individual firm.
The banks owing to the agricultural distress which prevails, reduced their
have now a large amount of unemployed money, and the rents to the extent of ten
per cent.
This week the announce¬
directors have been compelled to resort to investments in the ment is made that the Duke of Bedford has remitted six
soundest home and foreign stocks. Amongst the latter, of months’ rent to his Tavistock tenants, and that his other
course
United States Government bonds have been chiefly numerous tenants will be assisted in a similar manner.
selected, and these have been rising in price. All sound securi¬
Financially, the principal feature of the week is the delivery
ties are now at a price which yields a small rate of interest, and of the Indian financial statement. This has been
anticipated,
even this is still
diminishing. Preference and debenture stocks with some interest, for a considerable time past, as it was well
are now difficult to procure as the holders of them
say that known that, for a variety of reasons, the finances of India were
even if
they realized, it would be difficult to find another class getting from bad to worse. The heavy military expenditure,
of security equally safe.
The probability seems to be that the the recent famines, and the depreciation of silver, have led to a
value of every stock of acknowledged soundness will further heavy deficit, and it has now become imperatively necessary to
advance in price. The present quotations for money are as face the matter and adopt remedial measures. To obtain,
follows:
however, an increase of revenue is difficult, if not impossible,
For cent.
Open-market rates—
For cent.
because India is over-burdened already, and, consequently, but
Bank rate
2
4 months’ bank bills
1%©178
0 months’bank bills
Open-market rates—
one course is open, and that is to reduce expenditure.
l7e©2
Mr.
30 and (JO days’ bills
4 & G months’ trade bills. 2 ©2*2
1%©
3 months’ bills
Fawcett had a motion on the paper in which he urged the
1%©
The rates of interest allowed by the joint-stock banks and necessity of retrenchment, but Mr. Stanhope’s proposals were of
discount houses for deposits are subjoined:
so satisfactory a character that he was easily induced to with¬
For cent.
draw it. It appears that the revenue for 1877-8 was £58,969,Joint-stock banks
i
Discount houses at call.
*"*
j2
000, and the expenditure, £62,512,000, showing a deficit of
do
with 7 and 14
as a
.
..
..
days’ notice of withdrawal
Annexed is
%
statement
£3,543,000,—due to the famine in Southern India.
For 1878-9
showing the present position of the the revenue was
£64,687,000, and the expenditure, £63,236,000,
Bank of England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of showing a surplus of £1,451,000. The whole cost of the famine
was ascertained to be £13,000,000. of which a little more than
Middling Upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House Return, compared with the £9,000,000 was due to the falling off in land revenue. The cost
of the Afghan war last year was £770,000; but during the
three previous years:
1879.
1878.
1877.
present year it was estimated at £2,000,000. For the coming
187G.
Circulation, including
£
£
£
£
1879-80, the net expenditure, including the cost of
year,
bank post bills
29,328.822 27,757.130 28,353,731 27,670.753
Public deposits
7,536,005
the
G,250,787
G,415,539
war, is put down at £44,978,000, and the net revenue at
7,033,307
Other deposits
29,314,143 21,486,501 22,167,827 20,614,682
Governm’t securities. 14,675,257 15,556,488 15,364,904 14,545,365
£43,623,000, showing a deficit of £1,355,000. Mr. Stanhope
Other securities
21,020,626 19,393,270 19,347,395 16,960,746 showed in the course of his speech that during the last
five
Res’vc of notes & coin 19,123,012 10,739,617 11,789,442
14,712,432
Coin and bullion in
years, notwithstanding the expenditure on famine, war, and
both departments.. 33,183,007 23,209,792
24,85E,497 27,095,222 other
extraordinary causes, the deficit only amounted to
Proportion of reserve
to liabilities
*
5152
38'42
40-83
51-55
£3,000,000.
During that period the famine expenditure had
Bank rate
2 p. e.
3 p. c.
2 p. e.
3 p. e.
Consols
been
£12,000,000, and the loss by exchange, £7,500,000. With
98%
96 hz
9i7s
95**8
Eng. wheat, av. price.
52s. Id.
40s. 8(1.
68s. 9d.
44s. lid.
regard
to the reduction of expenditure it is proposed to effect
Mid. Upland cotton...
7%d.
G^d.
5%d.
(Fed.
No. 40 mule twist....
10
9*od.
11 %d.
it in the following way: by the employment of a larger
9%d.
Clearing-House return109,059,000 106,120,000 84,037,000 81,779,000
number of natives in the civil service, which, when finally
In the" market for gold there has been no important feature.
At one period of the week there was some little inquiry for the accomplished, is expected to lead to an annual saving of £250,000; to limit the construction of public works to the sum
Continent; but it has now ceased. The silver market has
of money which experience showed could be annually borrowed
become firmer, owing to the announcement that the German
in India, viz., £2,500,000, thereby saving £750,000; and to
Government were no longer sellers. The India Council bills
diminish the army expenditure, as soon as the Commission
have realized Is. 7%d., showing an advance of one per cent, and
silver is, in consequence, held with much firmness. Mexican appointed in India had made their report as to the extent to which
such a course could be adopted with prudence and true economy.
dollars have been in active demand for the Continent, and are
Mr. Stanhope estimated that the entire saving would be at least
dearer. The following prices of bullion are from the circular
one million sterling a year.
g
of Messrs. Pixley & Abell:
With regard to the silver question, the Shanghai correspon¬
gold
s.
d.
e.
d.
Bar gold, fine
per oz. standard, 77 9 ©
dent of the Times calls special attention to the effects of the
Bar gold, refinable
per oz. standard, 77 UDo®
Spanish doubloons
demonetiza ion of silver upon the China trade, and justly urges
peroz.
73 9 ©
South American doubloons
per oz.
73 8*2®
that in any scheme for overcoming the difficulties of the Indian.
United States gold coin
peroz.
76 3 %©
German gold coin
peroz. 76 3%©
Government the possible consequences to our important
silver.
d.
d.
Bar silver, fine
interests
in China should not be neglected. So far this year the
per oz. standard, 50%
® 50*2
Bar
a
....
.
4
.
silver, eontain’g 5 grs. gold
Mexican dollars
Chilian dollars
®
©
©
507g
fluctuations in silver have had
a
most adverse effect.
At the
writing, March 28, the value of the tael had sunk to the
point
known in the history of the trade, and fluctuated
The following are the current rates of discount at the prinbetween 4s. lOd. and 5s. With the beginning of the Chinese
cipal foreign markets :
New Year and the opening of the ice-bound northern ports, an
Bank
Bank
Open
Open
rate.
market.
rate.
market.
excellent demand for all kinds of cotton goods sprang up, and
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
Paris
2
this, combined with the extreme lowness of Manchester prices,
4
© 4 *4
4*2
1%©1% Vienna & Trieste.
Quicksilver, £6
„
peroz. standard, 50%
....per oz.,last price, 50
peroz., 49 ^
6d.
Discount, 3 per cent.
Brussels
Amsterdam
3
2s.
2%©2%
3*2
3*2
St.
Peterwburg
...
Madrid, Cadiz &
Barcelona
5
date of
lowest
3%©3%
induced China merchants to enter into contracts for enormous
quantities in port and to arrive. Silver was expected to remain
steady, as it was known that the production of the Nevada
2
New York
6
218@2% Calcutta
mines had fallen off, and that the German Government had
3
© 1 *2 4
4
©4*2
Copenhagen
3
got rid of most of their old stock. Unluckily for all, how¬
Additional particulars have appeared respecting the failures ever, silver went below the 53. limit, and thus a revival which,
which have recently taken place in the iron trade of Middles- promised work and wages to Lancashire was checked, and trade
borough; and it seems that the liabilities are very heavy. A again disorganized. The extreme uncertainty of the exchanges
3
3
3
3
4
3
2
2
©2%
©2%
Li«bon & Oporto.
4
5
4
5
3
©5
©6
©4
THE CHRONICLE.
570
[Vol. xxvin.
—*
-
-T
.
-
-
trade a mere gambling transaction, the
price of produce being equalled by the
fluctuations in the metal for which it is exchanged, and the
merchant who purchases English goods on the most favorable
terms, and sells them in a market where there is an excellent
demand, finds all his calculations upset by the unfavorable
price of silver, and a ruinous loss made where he was justified
in estimating for a fair margin of profit.
The correspondent
also points out that the adoption of Colonel Chesney’s plan of
'establishing a gold standard in India by stopping the indiscrim¬
inate coinage of rupees at the Indian mints, would have a serious
effect-upon China interests. China would then be the last
large buyer of silver in the Eastern market, and, her absorbing
powers being comparatively limited, the silver tael would be
depreciated in a degree hitherto unheard of. With the tael at
4s. 10d., although English goods are cheaper than ever before,
and there is a good demand for them in the north of China,
they cannot be sold at a profit to the importer. The effect of
the depreciation of silver which would follow the shutting of
renders each day’s
fluctuations in the
ing considerable supplies, and the increase in the deliveries in
Kingdom since harvest is now about 1,750,ODD quarters
compared with 1877-8. The average price realized is certainly
only 40s. 5d. against 51s. 3d.; but 8,130,000 quarters of wheat
at 40s. 5d. will yield a sum of £16,463,250, while 6,364,600 quar¬
ters at 51s. 3d. are equivalent to £16 229,730.
Last year’s crop
has, therefore, produced as much money as its predecessor.
The farmers’ troubles have, however, been accumulative, the
last three summers having been decidedly unpropitious.
More favorable accounts have been received from the Conti¬
the
respecting the growing crops, and in the Austro-Hungarian
Empire a good yield of wheat is now anticipated.
The steamer Hooper arrived in the Thames on Tuesday,
from Boston, with the largest cargo of wheat at any time
conveyed in one vessel, viz., 24,000 quarters. There were also
1,700 sheep and 400 oxen on board, besides a large general cargo.
During the week ended May 17, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 57,209 quarters, against 41,222 quarters last year;
the Indian mints would be absolute ruin to all connected with and it is estimated that in the whole kingdom they were 229,000
the China trade, and the effect upon the Indian opium trade quarters, against 165,000 quarters in 1878. Since harvest the
sales in the 150 principal markets have been 2,032,487 quarters,
would also seriously damage the Indian revenue.
On the same general subject the Bombay Gazette says : against 1,589,142 quarters; while it. is computed that they
What we in India have to bear in mind is that the value of have been in the whole kingdom 8,130,000 quarters, against
the precious metals rests almost entirely on their specific use 6,364,600 quarters in the corresponding period of last season.
Without reckoning the supplies furnished ex-granary at the
as money, and that, if the disuse of silver for that purpose
by the chief commercial nations of the world should continue, commencement of the season, it is computed that the following
nothing can save this country from almost financial ruin. quantities of wheat and flour have been placed upon the British
Something must be done to avert the catastrophe that under markets since harvest:
1870-7.
1878-0.
1877-8.
1875-6.
present circumstances appears inevitable. Petty tinkering Imports of wheat.cwt.34,448,246 41,259,588 28,259.465 39,229,939
measures such as changing the silver debt in India into a gold
Imports of flour
0,404,837
0,400,123 4,780,472 4,801,959
Sales of home-grown
d.ebt in England, which is what borrowing in the latter country
produce
.......35,230,000 27,580,000 29,073,000 29,521,000
to defray the home charges really means, will not have any
Total
70,143,083 75,239,711 62,712,937 73,532,998
permanent effect, and will store up in the future a still greater Deduct exports of
wheat and flour
1,377,420
1,423,175
737,011
392,595
measure of financial troubles.
The efforts, therefore, of the
Result
...74,765,003 73,816,530 01,975,920 73,100,403
fei-metallists to get their ideas adopted in Europe should be of
Av’ge price of English
pressing interest to us' in India, and should meet with the sup¬
wheat for the season.
40s. 5d.
51s. 3d.
50s. lid,.
45s. 5a.
port both of the mercantile community and of the Government,
The following figures show the imports and exports of cereal
which latter, at present, appears to be capable of no other
produce into and from the United Kingdom since harvest, viz.
action than that of sitting patiently down with the apathy of
from the 1st of September to the close of last week, compared
fatalism to await the avalanche that is assuredly coming.”
with the corresponding period in the three previous seasons :
There is certainly a great difference of opinion respecting the
IMPORTS.
1875-6.
1876-7.
1877-8.
1878-9.
electric light. The Metropolitan Board of Works have decided
.cwt .34,44s,246 41,259,588 28,259,465 39,229,939
Wheat
6,832,537
8.500,541 10,304,152 10,462,591
against its use, at least for the present; but Sir William Barley
8,003,441
7,067,162
8,083,952
7,653,026
Oats
Thompson, Professor of Natural Philosophy at the University Pen
963,523
1,097,385
1,297,621
1,122,723
2,691,371
3,371,823
929,387
2,482,953
of Glasgow, gave some valuable information, yesterday, before Beans
23.353,793 23,134,834 24,007,269 17,022,140
Indian corn....
the Select Committee inquiring into the subject. His remarks Flour
4,801,959
4,780,472
6,400,123
0,464,837
EXPORTS.
are too lengthy to be given in full;
but he observed that, as
1875-6.
1876-7.
1877-8.
1878-9.
374,779
701,833
the electric light was such an economical producer, he antici¬ Wheat
1,368,224
21,741
43,877
44,122
90,474
82,821
252,943
67,726
pated that it had a great and immediate future before it. He Barley
70,916
Oats
29,863
21,506
17,075
13,792
believed that before long it would be used in every case where Pens
7,449
25,189
17,171
10,526
Beans
25,200
381,130
a fixed light was required, whether in large rooms or in small
185,462
314.060
Indian corn
17,816
35,178
54,951
100,701
Flour
ones—even in passages and staircases of private dwellings.
Eiurliwli Ularket Ileports—Per Cable.
Such an extended use of the light was not a mere dream of the
The daily closing quotations in the markets of London and
savant, but was the practical possibility of the future. Sir
William Thompson seems, however, to possess a very consider¬ Liverpool for the past week, as reported by cable, are shown in
able amount of imaginative power, judging by the remarks the following summary:
London Mon^y mid titork Market.—The bullion in the Bank
which follow:
nent
**
-
..
..........
s
of
“
There
deal of energy
in waterfalls. In the future, no
doubt, such falls as the Falls of Niagara would be extensively
used—indeed, he believed the Falls of Niagara would, in the
future, be used for the production of light and mechanical
power over a large area of North America.
The electricity
was a
E reduced
bymiles,
themandmight
be advantageously
conducted
for
undreds of
the manufactories
of whole
towns might
be set in motion by it. Powerful copper conductors would have
to be used—conductors of a tubular form with water flow,
ing through them to keep them cool. There would be no limit
to the application of the electricity as a motive power; it might
do all the work that could be done by steam engines of the most
powerful description. As to the use of electricity by means of
the Falls of Niagara, his idea was to drive dynamic engines by
water power in the neighborhood of the Falls, and then to have
conductors to transmit the force to the places where illumina¬
tion or the development of mechanical power was wanted.
There would be no danger of terrible effects being brought
about accidentally by the use of such a terrific power, because
the currents employed would be continuous and not alternating.”
The weather has been favorable, and the progress of vegeta¬
tion during the week has been considerable. The spring crops
have been much benefitted
is still
still
a
belief in
a
quiet, and scarcely
rwalf.
by the sunshine and rain; but there
late harvest.
a
The trade for all cereals is
feature of importance has manifested i
The official returns show that farmers
are
still market-
England has decreased £76,000 during the week.
Fri.
Sat.
Mon.
Tues.
Wed. Tlmrs.
May 31. June 2. June 3. June 4. June 5. June 6.
52%
d. 514"ig
Silver, per oz
Consols for money
Consols for account
U. Sr 5s of 1881
LF. S. 4%s of 1891
LT. S. 4s of 1907
Erie, common stock
f
x97*ir
981%e
x97:{8
9815ig
105%
105*8
108*8
108*8
105*8
27%
88%
38%
20%
105%
28*8
fllinois Central
89
Pennsylvania
38*8
Philadelphia* Reading. 20%
52*8
07*i(j
97*8
105%
10S*8
105%
27*8
88
Sat.
d.
'lour(ex. State) ^ hV>l..23 6
V'heat,spr’£r,No.2,10011). 8 5
5
Spring, No. 3...
“
3
Winter,West.,n. - “
6
“
Southern, new
9
Av.Cal. white..
“
3
California club.
“
5
Forn ,mix,sft,old,^cent’l
2
Prime, new
“
d.
s.
23
8
7
9
9
8
9
4
4
.
Liverpool Provisions Market.—
Sat.
d.
s.
Pork, West, mess.. ^bhl.46
Bacon,l’ngcl’r,liew.cwt.25
Short clear, new
“ 26
Beef, pr. mess, new,<j£tc.76
.
Lard, prime West, ^cwt.32
Cheese, Am. choice. “ 41
Mon.
*•.
d.
O
6
£
O
3
O
3
O
s.
f-H
c
K
(I
6
5
5
2
5
9
3
97%
105%
108%
105%
108*8
105
105
28%
88%
38
*
28%
88%
38%
20
ft.
23
8
7
9
9
8
9
4% 4
o
4
Tues.
d.
8.
46 O
25 6
26 O
76 O
32 3
42 O
97%«
97%'
Liverpool (Jutt >n Market.—See special report on cotton.
Liverpool Breadstuff* Market.—
Tlnirs.
Wed.
Mon.
Tues.
s.
52
52%
9711 16
d.
6
5
5
2
5
9
3
4%
2
Wed.
s.
46
25
26
76
32
42
d.
O
6
0
O
3
O
s.
23
8
7
9
9
8
9
4
4
d.
6
5
5
2
5
9
3
4%
<>
Tlinrs.
s.
46
25
2-5
76
32
42
d.
O
6
6
0
6
O
Fri.
8.
23
8
7
9
9
8
9
4
4
d.
6
5
5
2
5
9
3
4%
2
Fri.
s.
46
25
25
76
32
42
d.
O
6
6
O
6
0
Ji-ne
THE
7, 1879. J
CHRONICLE
London Petroleum Market.—
Sat.
d.
..
Total notes
Mon.
d.
Ftet’Ieum, ref. $ gal... ©7
jpetTeum, spirits “
©
Tues.
d.
Holiday.
..
571
..
..
©
©
Wed.
Thurs.
d.
d.
..
.
d.
©....©
©
©
..
..
outstanding—
March. 31.
April 30.
May 31.
Currency.325,000,270 327,078,910 328,072,811
Gold
1,400,920
1,400,000
1,46«,600
Notes received for redemption
Fri.
..
..
..
6;U©7
..
©
from—
New York
Boston
.
4,062,000
5,008,000
500,000
4.771,000
3,028,000
448,000
8,100,000
3,100,000
2,708,000
1,940,000
3,900,000
Philadelphia
Miscellaneous^
Imports
Exports
and
for the
Week.—The imports of last
week, compared with those of the preceding week, show
jji increase
in both dry goods and general merchandise
The total imports were $5,925,984, against $5,443,829 the pre¬
ceding week and $5,647,466 two weeks previous. The exports
for the week ended June 3 amounted to $6,791,038, against
$5,372,627 last week and $5,697,932 the previous week. The
following are the imports at New York for the week ending
(for dry goods) May 29 and for the week ending (for general
merchandise) May 30:
Total
$12,398,000 $10,187,000 $15,600,000
Statement of the Comptroller of the Currency, showingby
States the amount of National Bank circulation issued, the
amount of
Legal-Tender notes deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to June 1, 1879, and amount remaining on deposit at latter date.
Legal-Tender Notes Deposited to
Retire National Bank Circula¬
tion since June 20, 1874.
Dry Goods
General mdse...
Total week
Prev.
1877.
$700,200
$023,901
3,327,450
5,416,385
$4,037,668
reported.. 133,277,545
1878.
States and
Territories.
1
Redempt’n
’
1874.
$1,050,170
4,801,161
$0,310,370
$5,517,300
135,012,325
110,082,000
4,800,808
$5,025,984
120,201,731
1..$137.365,213 $141,952,701 $L22,500,029 $132,217,715
report of the dry goods trade will be found the imports
Tot. s’co Jan.
In our
*f dry goods for one week later.
The following is a statement of the exports
(exclusive of
specie) from the port of New York to foreign ports for the
week ending June 3:
EXPORTS FROM NEW YORK FOR THE WEEK.
1870.
For the week
Prev- reported..
Tot. s’ce Jan.
1877.
$5,221,430
1878.
$6,251,533
1870.
00,744,501
100,099,001
$5,139,552
$0,791,038
140,367,960
126,406,862
1..$101,968,991 $112,951,134 $145,507,518 $133,237,900
The following will show the exports of specie from the
port
New York for the week ending May 31, 1879, and also a
comparison of the total since January 1, 1879, with the
corresponding totals for several previous years:
May.
37—Str.
Amerique
Havre....
29—Str. Silesia
Am. gold coin.
London
31—Str. Neckar
Am. silv. bars.
Mex. silv. dols.
London
31—fitr. Santiago
31—Str. Acapulco
Mex. silv. dols.
Am. silv. bars.
Am. silv. coin..
Am. gold coin.
Nassau
Panama...:
$00,000
110,800
17,700
11.400
123,200
15,000
8,000
Total for the week
($284,100 silver, and $08,000 gold)
$352,100
Previously reported ($7,940,272 silver, and $255,900 gold).. 8,205,268
Tot since Jan. 1, ’79 ($9,233,372 silver, and $323,996
gold)..$3,557,303
Same time inSame time inSame time in1878....*.
$7,900,073 1874
$23,910,100 1870
$14,290,493
1877
15,731.782 1873
23,305,577 1809
13,043,596
1870
25,032,710 1872
30,400,900 1808
40,735,306
1875
36,113,510 1871
35,910,429 1807
20,088,211
The imports of
been as follows:
May.
3ft—Str. Acapulco
specie at this port for the
same
Liquidat ing Banks
periods have
..Aspinwall
Am. silver
Foreign silver.
Silver bars
Foreign gold...
Am. gold.
37— Brig
Gold dust
Gold bullion...
Bride
..Maynguez
Am. silver
Am. silver
37—Str. Santo Domingo .Porto Plata
33—Str. Flamborough.. ..Hamilton
28—Str. Algeria
..Liverpool
28—Str. Carondelet..
.Cienfuegoa
31—Str. Bermuda
..Laguayra
..
..Aux
31—Str. Main
..Bremen
Foreign silver.
1,270
18
7,210
3,500
900
414
03,205
27,091
333
Am. silver
Am. gold
35,507
Am. silver
4,081
3,100
Foreign gold...
Am. silver
Foreign gold...
Tbfal for the week ($216,354 silver, and
392
270
Am. silver
Am. silver
Cayes
$0,297
23,393
Foreign gold...
.
31—Str. Etna.
$10,473 gold)
Previously reported ($3,580,014 silver, and $590,309 gold)
..
325
53,855
1,000
$232,827
4,182,383
Tbt since Jan. 1, ’79 ($3,802,308 silver, and $012,842
gold)..$4,415,210
Same time in—
•LS— inSame time
Same time in1378..... $11,789,432 1874
$2,291,281 1870
$0,988,507
1377
0.875,870 1873
2,580,561 1869
8,862,650
1370
1,748,301 1872
709,209 1808
3,399,931
1375
1871
6,371,912
3.049,794 1807
1,313,020
XT. S. Legal Tenders
and
National Bank Notes.—From the
Comptroller of the Currency, Hon. John Jay Knox,
we have the
statement of the currency movements and Treasury
balances for three months past:
following-
D. 8. Bonds held as
security
for National Banks—
March 31.
-
April 30.
May 31.
"28,900
50
Bonds held a8 security for deposits
14,052,400
Legal-Tender Notes.—
Deposited in Treasury under act
of
June 20, 1874.
iota]
now
on
liquidating
banks
Total entered under act of Jan.
-
14,252,400
13,952,400
1,118,400
663,190
202,905
12,800,098
13,350,239
12,9G3,142
35,318,934
35,318,984
35,318,984
deposit, including
Total amount of
Landing
national Bunk Circulation—
circulation issued
rarculatiun retired
14,
greenbacks out-
»ew
N.
346,081,010 346,081,010 316,681,016
t
2,003,400’
2,957,050
1,200.920
922,434
939,016
897.019
Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
.
New York
New Jersey...
Pennsylvania
Delaware
Maryland
..
.
...
Dist. Columbia
Virginia
West Virginia.
N’rth Carolina
S’th Carolina
.
Georgia
1,410,180
504,805
1,613,810
13,880,495
727,110
2,203,040
15,092,505
1,022,365
8,204,080
173,275
490,000
455,000
584,500
51,070
1,082,600
45,700
352,930
Florida
Alabama
ders
2,123,598
151,000
1,090,311
Treasurer
Deposits.
at date.
$
600,000
917,000
55,800
128,797
952,340 1,108,437
0,084,500 0,319,300
735,385
707,735
1,249,490 1,314,840
18,^38,500 20,459,098
1,302,030 1,513,090
6,057,980 7,148,297
$
....
....
Michigan
1,238,130
116,100
135,000
3,440,540
444,800
509,260
1,905,980
2,774,080
1,099,785
1,319,390
277,880
1,253,000
881,400
111,000
45,000
....
Utah
1,103,319
1,575,470
427,500
853,510
270,000
970,585
953,380
437,075
1,742,070
106*791
832,004
1,701,879
1,001,000
1,104,785
953,380
725,400
49,141
313,214
143,630
265,525
47,045
112,494
94,500
94,500
688
426
2,745.000
239,340
135,000
1,953,900
769,700
313,750
575,807
235,901
959,810
1,483,319
2,099,250
229,340
135,000
1,378,033
533,859
3,589,410
2,921,92:
1,085,297
5,404,483
1,560,034
0,200,596
1,900,495
800,439
1,554,955
1,220,445
190,550
188,080
106,000
405,104
908,309
731,000
128,200
*
287,725
Washington
..
Dakota
....
045,750
10,000
304,500
020,800
743,669
385,095
781,721
45,000
135,083
101,191
39,600
99,000
54,000
270,000
17,300
149,400
190,800
45,000
♦Legal tenders
Totalg
4,549,220
4,405,241
4,135
8,093
353,348
98,242
837,908
1,256,570
6,549,780
7,827,230
2,330,995
1,487,299
2,298,024
1,011,540
972,271
233,080
1,975,197
1,002,448
371,306
378,819
284,483
36,150
23,525
3,265
446,872
201.270
300,884
20,784
2,278
440,400
’
Montana
-
274,212
69,597
57,608
254.270
120,170
18,956
2,062,247
329,165
’
207,000
Wisconsin....
Iowa
Minnesota
Kansas
Nebraska
Nevada
Colorado
California
72,997
150,097
234,800
32,350
05,350
$
with U. 8.
Total
.
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
317.000
retire
Circulat’n
under Act
of J’ne 20,
1874.
on
deposit
To
45,000
Mississippi..
Louisiana
Texas
Arkansas
$
$
Maine......
*
...
of Notes of
1870.
$350,100
Logal Ten¬
i
FOREIGN IMPORTS AT NEW YORK FOR TIIE WEEK.
1876.
500,000
357,991
02,300
3,813,075
06,839,850 10,094,278 70,014,708
90,522,00lll2,963,14g
Deposited prior to June 20, 1874, and remaining at that date.
—Announcement appears elsewhere in onr columns of the
formation of a new banking and general commission firm
under the name of Wm. B. Hatch & Co., at No. 25 Pine street,
New York. The firm is composed of Mr. Wm. B. Hatch, who
has been for manyyears at the head of the New York house of
Fairbanks & Co., a gentleman of wide acquaintance and exper¬
ience in mercantile and financial circles, Mr. Thos. H. Bouden,
a member of the New York Stock Exchange, and Mr. Frank
Jenkins, lately publisher of the Christian Union. They will
give attention to the purchase and sale on commission of Gorernment, State and municipal bonds, railroad bonds and stocks,
and all classes of securities dealt in at the New York Stock
Exchange, and all reputable securities bought and sold in the
open market. They will also negotiate loans and commercial
paper, allow interest on deposits, and give their especial atten¬
tion to the temporary or permanent investment of money.
—Attention is called to the card of Messrs. Buttrick & EUi-
No. 2 Nassau street, New York. Mr. C. D. Buttrick & Wm.
Elliman, who compose the firm, are well and favorably known,
in Wall street, as they were for many years with Messrs. Fisk
man,
& Hatch. These gentlemen have done business as a firm for
several years past, and can execute with promptness any orders
for their customers on either the Stock or Mining Exchanges, of
which both are members.
—Messrs.
Dickinson Brothers’
telegrams from the Bodie
up to May 30th state that the vein looks better than before.
Prof. Silliman of New Haven, in a late report of the Bodi® dis¬
trict, says the veins will in all probability become confluent m
depth and of greater size than they seem near the surface,
owing to their fan-like formation.
—Attention is called to the dividend for May of the Plumasl
National Quartz Mining Company of 8 ctnts a share, payable
on the 20th inst. out of the net
earnings for May, 1879. Tha
reports from the mine state that the lowel level promises welL
meeting of Stockholders will be held at Greeaiille,
Cal., on the 28th of June.
—A dividend of fifty cents per share for the month of May »
announced by the Ontario Silver Mining Co., payable at tbe
The annual
office of the Transfer
inst.
Agents, Wells, Fargo & Co.,
on
the 16tk
[Vol. XXVIII.
THE CHRONICLE.
572
June
6.
May
23.
glue fShwluers' (6u*ettc.
No National Banks
Name of
Closing prices at the N.
recently been announced:
Company.
Railroads.
Chic. A Northwest (quar.),
do
Per
When
Hooks Closed.
Cent.
Payable.
(Days inclusive.)
1 *U
2
June 28.
June 28.
pref...
com
FRIDAY, JUNE 6, 1879-5
Tlie
Money
and
Market
Financial
I*. JTI.
Situation.—The
decisive movements in Wall street
and the general attitude is one of quiet expectancy, in which all
parties are waiting for the next development. There seems to
be every reason to anticipate that with the usual disbursements
in July for dividends and interest, and the large payments to
be made from the Treasury for called bonds, we shall have a
superabundance of money which will be likely to exceed any
supply that has previously accumulated in periods of extremest
present week has shown no
ease
in the loan market.
The withdrawal of money on
Highest.
1057e 10534 10534 x05k Apr. 25 109% Jan. 2
May 4
10878 1083.1 108 kJ 106k Mob. 24 110
101
Mch.26 105k May 22
105 hi 105 k 105
U. S. 5s of 1881...
U. S. 4ks of 1891.
U. S. 4s of 1907...
organized during the past week.
following dividends have
Lowest.
!
DIVIDENDS.
The
Range since Jan. 1, 1879.
Interest
May
J une
Period
31.
2
reg. J.
coup. J.
reg. J.
6s, 1881
5s, 1881
5s, 1881
4ks, 1891
4ks, 1891
coup.
4s, 1907
4s, 1907
6s, cur’cy,
6s, cur’cy,
6e, cur’cy,
6s, cur’cy,
6s, cur’cy,
reg.
coup.
coup.
1895..reg.
1896..rog.
1897..reg.
1898..reg.
J.
J.
1899..reg.
This is the
*
June
3.
June
4.
June
6.
June
5.
*10378 *1037s *10378
J. 1067e *x03 34 104
*100v8 M007e *1067s
J. *1067s l()678 *107
J. 1073s *x043s 104k *10438 *10430 *10430
J. 107k M073s *10738 107 k *10738 *10738
J.
Q.-Feb. 1037s 10334 *103% *10378 103 7s 103%
Q.-Fob. 1037e n0334 103% *1034i *10334 10334
Q.-Mar. nook 106 k 106k 106 k ’1063s *106%
Q.-Mar. 107 k xOOk 106 k *1063b *1063s *10630
Q.-Jan. 1033s x017s 102 *10178 1015s 101%
10278 *102k *10258
Q.-Jan. 103 k 1027s 103
*121
*x‘21 % *12158 *12150 *121
J. & J. *124
*i2ik
J. A J. *124k *x2238 *122 k *122*4 *121
J. A J. n 24 k "a 22 k *12 2 k 122 k *121 k *121k
6s, 1880
6s, 1880
6s, 1881
reg.
coup.
reg.
Y. Board have been as follows:
&
&
&
A
*
*12134 *12134
A J. *124% *x22% *122% *122
*1223^ *122k *122 k *122
*x23
A J. 128
price bid; no sale was made at the
Board.
in prices since January 1, 1879, and the amount
each class of bonds outstanding June 1, 1879, were as
The range
of
follows:
account
Range since Jan. 1. 1879.
Amount Juno 1,1879.
Coupon.
Lowest.
Registered.
Highest.
subscriptions to the $10 funding certificates has recently
caused a heavy contraction in bank funds, but this has now 6s, 1880-1 cp. 10534 Mcli.22 107 k May 21 $202,140,900 $80,295,450
31,211,300
6,790.800
ceased, and as the money is disbursed from the Treasury,it will 6s, 5-20s,’67.cp.
19,100,200
14,127,100
6s, 5-20s,’68.cp.
48,263,150
135,702,050
5s,
10-40s..
.cp.
again swell the Bank reserves.
1 107k Jan. 15 263,365,600 245,074,750
5s, fund.,’81.cp. x03k May
Our local money market has been somewhat irregular, and
84,229,350
Men. 21 108
May 21 165.770.650
4ks, 1891 ..cp. 104
*228,620,750
398,714,050
103
k
x99
May
21
Apr.
J
cp.
until Thursday the rates on call loans advanced each day to near 4s, 1907
64.623,512
6s, cur’ney.reg. 119k Jail. 4 128 May 31
0 per cent as a maximum—the banks showing no disposition to
offer money at all freely.
This amount does not include the $28,723,660 of Refunding Certif¬
Yesterday and to-day the market has
been easier, and the range on call loar;s is 2j@4 per cent, accord¬ icates outstanding on June 1.
State and Railroad Bonds.—The principal activity in South¬
ing to the collateral offered. Prime commercial paper sells at 3£
ern State bonds has been
in Louisiana consols, which declined
@5 per cent.
Thirty failures were reported in this city by the Mercantile below 40 on the extremely unsatisfactory advices from New
Agency during May. The liabilities amounted to $l,797,746, Orleans. There was afterwards a recovery in price, and the last
and the assets were estimated at $691,400. In May, 1878, there sale to-day was at 43.
-were ninety-five failures, with gross liabilities of $5,700,000.
Erie,
Railroad bonds have been dealt in heavily, as usual.
The Bank of England weekly statement on Thursday showed
second consolidated were active and weaker, declining to 71£,
a decline in bullion for the week of £76.000, and the percentage
but selling to-day back to 73.
Missouri Kansas & Texas first and
of reserve to liabili ies was 52 15-16, against 53 last week.
The second bonds have been very strong, and the only theory upon
of
..
*
discount rate remains at 2 per cent.
The Bank of France lost
3,200,000 francs in specie.
City Clearing-House banks,
issued May 31, showed a decrease of $1,212,600 in the excess
above their 25 per cent legal reserve, the whole of such excess
being $4,038,300, against $5,250,9 j0 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years.
Circulation
Net
..
deposits
1879.
Differ’nccs fr’m
M.iy 31.
previous week.
$257,272,800 Dec.$
18.785.400 Dec.
19.869.400 Inc.
Specie
.
Legal tenders.
225,754,000 Dec.
41.791.400 Dec.
week, owing to the closer
1878.
June 1.
1877.
June 2.
363,700 $231,049,100 $250,754,400
19.84 1,500
17,000
17.001,200
16.143.700
12,800
19,941,000
1,591,600 199,867,900 223,481,600
55.899.700
1,493,500
47,248,000
United States Bonds.— There
has
been
less activity
this
working of the money market and to
waiting for the conversion of the $10 funding certificates,
which is to commence on Monday, June 9.
When the supply of
bonds from this source is out of the way, the market will be left
to take a natural course.
The following was issued Saturday
afternoon, May 31, by the Treasury Department :
the
The last of the $10 refunding certificates have been delivered by "the
Bureau of Engraving and Printing to the Treasurer, and will be distrib¬
uted on Monday among the postmasters who have tiled the necessary
bonds and become depositaries. This closes all forms of subscriptions to
the 4 per cent bonds, and no one need hereafter apply at the Treasury
Department for them. The certificates will no doubt be promptly taken
in sums of $100 from the postmasters receiving them, and, when taken,
no further bonds or securities will be issued by the Department under
the existing law, except those subscribed for on or prior to the 17th of
April last.
The
following
issued June 4
:
ing certificates will be received at this Department for conversion into 4
pel’cent bonds, and the Department circular No. 60 is modified accord¬
ingly* Refunding cortilicat.es forwarded for conversion aud 4 per cent
bonds issued therefor must be transmitted without risk or expense to
the Government. Packages should be marked “ Refunding Certificates,”
and addressed to the Treasury of the United States,.and applications
should specify the denominations of the bonds desired, also whether
coupon or registered, and for the latter the full name and post-office
address of the person in whose name the bonds are to be inscribed
should be given.
John Siierman, Secretary,
Closing prices of securities in London for three weeks past and
since Jan. 1, 1879, were as follows:
high prices can be
accounted for is that of a pro¬
by some substantial company—probably the Chicago
Burlington & Quincy. It is worthy of serious inquiry whether a
majority of stockholders in the latter company would ratify a
lease of the M. K. & T. road.
Messrs. A. H. Muller & Son sold the following at auction :
Shares.
50 Sixth
RR. and
Avenue
$1,000 scrip
15
100
14
10
40
30
90
6
20
10
29
100
German American
$5,660
Bank. 78k
Real Estate Trust Co
Second Avenue RR. Co..
.
40
30
Safeguard Eire Ins. Co... 111
New York City Ins.Co... 62
Jefferson Insurance Co.. 139
Columbia Fire Ins. Co... 50k
St. Nicholas Fire Ins. Co. 8i
296
Greenwich Ins. Co
142
Long Island Ins. Co
Butchers* & Drovers’Bk. 101
Mechanics’ A Traders*
National Bank
60k
Shares.
97 Manhattan Gaslight
Bonds.
Co. .180
$5,000 Twenty-third St. RR.
10312
7s..
10,000 Central Park, North
A East River RK. con.
93
mort. 7s
1
Min¬
1,000 Central RR. of
nesota
1898
due
1st mort. 7s,
50k
2,000 Iowa Midland RR. 1st
mort. 8s, due 1900
113 k
Closing prices of leading State bonds for two weeks
since Jan. 1, 1879, have been as follows:
,
past, and
the range
May
States.
Louisiana consols
Missouri 6s, *89 or
North Carolina 6s,
Tennessee 6s, old
29.
’90
old
do
do
2d series..
Dist. of Columbia, 3-05s
Range since Jan. 1.
Lowest.
1879.
Highest.
38% June 2 69
43
*107k 103 5s Mcli. 5 107 k
18
Feb.
8 25k
25 k
24%
35 k 34
Apr. 26 42
*35%
47
*107
*40
37 7s
This is the price bid.; no sale was
Railroad and
June
6.
.
6
Jan.
May 15
June <>
Feb. 13
*Tsl
Virginia 6s, consol
*
104
first mort. 7s
15,000 Dry Dock, E. Broad¬
way A Bat. RR. con. mort.
*39 k
87 k
4134 Apr. 29
79k Jan.
3
44
Mch. 28
88 k May
23
made at the Board.
Miscellaneous
Stocks.—The stock
market
activity, without developing any salient
extraordinary feature.
The agreement among the trunk
line officers at Niagara for pooling all east-bound freight from
has shown considerable
was
Treasury Department,
' \
Office of tiie Secretary, Washington, D. C., June 4. 5
Notice is hereby given that on and after June 9, 1879, the $10 refund¬
the range
the
tectorate
The last statement of the New York
Loans and die.
which
or
Chicago, which was reported this morning in the press dispatches,
has not exerted much influence on the market, and this we
of
small
grain
been
&
the
declared by
general incredulity as to the faithful execution
compact. 3 he rates also are so low as to afford only a
margin for profit, on the basis of 15 cents per 100 pounds for
from Chicago to New York.
The coal stocks have mostly
strong, but the two Delaware* fell off this afternoon—Delaware
Hudson about 3 per cent.
Dividends of If (quarterly) on
preferred and 2 per cent on the common stock' were
the Chicago & Northwestern.
Union Pacific is notably strong.
attribute to a
the
June
THE
1879.]
7,
Total sales of the week in
19,380
May 31
June 2
20.050
“
3
19,500
«
4
r>
12,520
3,554
•[
Paul.
6.....
8,450
45,300
37,800
25,000
12,700
10,100
5,025
3,950
1.700
11,100
13,310
7,725
8,150
1.3,700
4,000
19,055
11,580
13,825
13,100
29,525
10,900
5.165
10,125
24,325
12,987
/—Latest earnings reported.
Week or Mo.
1878.
1879;
follow-*.
were as
Pacific Del. L.
& West.
Mail.
North¬
west.
St.
Cent,
of N. J.
leading stocks
Lake
Shore.
Erie.
14,750
4,240
9,375
13,580
14,415
10,800
0.575
4.300
8,045
17,545
14,522
17,950
48,850 102,330 137,752 56,830 85,807
Whole stock. 175,400 154,042 149,888 200,000 524,000 771,077 494,605
Tot.nl.
.84,054
....
09.085
The total number of shares of stock outstanding is given in
last line for the purpose of comparison.
The daily highest and lowest prices have been as follows:
Tuesday,
Wednes.,
June
June
3.
58
Canada South.
58
Cent. of N. J..
Chic. & Alton.
50% 52
82% 82.
50% 51%
90% 90%
62% 63%
pref.
Chic. & N. W..
do
pref.
Chic. R. I. & P. 139
do
94% 91% 95%
138% 139 139
48
50%
96% 96%
6%
7%
49% 50%
58% 59%
26% 27%
50
50%
22%
44%
(,Hev. C. C. & 1.
Clev.& P.,guar
Col. Chic.&I.C.
Del.& H. Canal
Del.Lack.W.
Brie
do pref
Hau. & St. Jo.
do
pref.
87
57
Illinois Cent..Kansas Pacific
Iiake Shore....
Mich. Central.
Mo. Kans. & T.
Mor. * Essex..
N. Y. C.& H. R.
Ohio & Miss...
Pacific Mail...
Panama
149
109
27
pref.
do
pref.
do 1st prf.
Sutro Tunnel.
Union Pacific.
are
115% 115-%
51% 52%
90%
62%
94%
*38%
49%
96%
7%
48%
58%
26%
49%
21%
42%
86%
74%
74%
77
76%
14%
14
149
109
0.
51% 52%
83% 83%
*115% 116
51% 52%
90% 90%
62% 63%
94% 95%
138% 138%
49
49%
90%
63%
95
139
49%
97
97
6%
7%
49% 49%
59% 59%
27% 27%
51% 51%
22% 21%
44
43%
86% *85%
55
55%
75% 74%
77% 76%
14% 13%
91% 92
119% 119
151
....
June
56
15
10
44
86%
55%
75%
77%
14%
92%
follows
119
109
23% 23%
4%
4%
75
75%
30
36%
113% 113%
week, and the range in prices for 1S78 and
since Jan. 1, 1879, were as follows:
Prices since Jan. 1,1879.
Chicago & Alton
Chic. Burl.* Quincy.
do
34% Jan.
74% Jan.
69,085
do
7,446
pref.
Chicago & North w...
do
do pref.
48,850
49%
5,477
7(3%
1,010 119
34%
4,809
1,000
84%
5
1,908
Chic. Rocklsl. & Pac.
Clev. Col. Cin. * Ind.
Clev. * Pittsb., guar.
Col. Chic.* Ind. Cent
Del. & Hudson Canal
Del. Lack. * Western
Erie
do pref
Hannibal & St. Jo.
do
do pref.
Illinois Central
Kansas Pacific
Lake Shore
50,830
34
Wabash
Western Union Tel...
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mch.
Jan.
1038 Jan.
102,330
pref.
Jan.
375
123
101
13
7
283
4,085
3,457
5,030
25%
3%
4%
934
23s
57%
17%
94%
GOO
3,300
920
4,040
8,215
24,232
20,800
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mch
Jan.
Range for
1878.
Low.
15
2
28
19
5
27
27
27
23
21
98% May 0
9
Apr. 29
513gJuuo 2
60% June 2
29% May 5
54
May 5
23% May 23
45% May 23
Jan.
79% Mch.
9% Jan.
07
85,867
73%
40,840
5%
3,904
75%
13,111
3,240 112
7%
10,400
pref.
Jan.
Jan.
21% Jan.
37% Jan.
13% Jan.
3,800
18,385
8,700
1,850
1,950
Michigan Central....
Missouri Kan. * Tex
Morris & Essex
N. Y. Cent.* Hud. R.
Ohio & Mississippi...
Pacific Mail
Panama
Pitts. Ft. W. & Chic..
St. L. I. Mt. & South
St. L. K. C. & North.
do
pref.
St. L.* S. Francisco.
38
43
20,124
137.752
..
do
do
let
Sutro Tunnel
Union Pacific
75
Mcli.
111 % Jan.
820
Chic. Mil. &St. P
3
03% Mch.
2
52% June
3
88
Jan.
7 122% Feb.
4 5238 June
4
91
May
3
0538 Jan.
3 95% May
8 141
May
2
55
May
38
High.
45%
45%
13%
06% 85
99% 114%
27% 54%
04
84%
32% 55%
59% 79%
983e 122
23
38%
03% 85
2%
638
3438 59%
2
4
2
2
41
61%
4
7% 22%
2
21% 38
4
10
10%
10
21% 415e
20
89
Jan. 30 723e 87
21
00
4
Apr. 30
12%
0 70-% May 27 55% 7138
2 90% Jan. 27 58% 75
4
2
18% May 15
7%
3 92% Juno 6 073a 89
24 120% May 19 103% 115
4
16% May 10
6% 11%
13
1834 June 6 12% 23%
2 150
131
May 20 112
4 112% May 21
102
85
2
5
30% May 23
15%
2
17% May 2
3%
7%
O
45% May 1 19
20%
8
1138 Apr. 21
1%
4%
21
13% Apr. 21
1%
5%
23
28% Apr. 19
5% 1134
16
5
4% Mch. 17
3%
31
81
Feb. 19
61% 73
13
39% May 21 12% 23%
7 114% May 20 75% 102
The latest railroad
dates
are
earnings and the totals from Jan. 1 to latest
given below The statement includes the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
tioned in the second column.
,—Latest earnings reported.—.
Jan. 1 to latest date.—
Week or Mo.
1879
1878.
1879.
1878.
Ala. Gt. Southern.March
$33,152
$28,748 $100,187
$98,033
Atch. Top. *;8. F.3d wk May 153,000
09,698 2,212,474 1,170,041
Atl. & Gt. West...April
281,654
327,790
Atlantic Miss.*O.April......
Bur. C. Hap. & N. 4th wkMay
Burl. & Mo.R.in N March
Cairo & St, Louis.3d wk May
Central Pacific...April
Chicago * Alton..4th wkMay
42,331
48,499
482,200
543,610
147,542
150,304
408,130
6.938
85,183
1,437.000 1,529,255
4.871.857
1.732.972
118.113
5,288
124,211
120,931
„
98,033
Chic. Burl. & Q...April
1,018,755 1,118,730
Chic. & East. Ill..4th wkMay
18,949
17,789
Chic. Mil. & St. P.4th wkMay 294,000
242,021
Chic.&North west. April
1,130,475 1,255.887
Chic. St. P. & M..4th wkMay
33,858
20,980
Ciev. Mt. V. & D. .3d wk May
7,231 .
0,708
$68,092
305,173
392,593
158,776
3,428,245
1,671.809
125,217
3,580,194
1,807,315
050,285
702,690
1,677,445
528,848
151.959
83,130
30,773
143,077
406,800
127,038
28,903
17,324
09,182
200,757
103,731
143,257
27.209
158,318
391,073
111,054
22,837
19,050
98,589
707,027
873,325
1,637,030
432,371
280,932
565,039
1.504,907
1,020,920
754,991
404,809
2,354,564
101,654
57,775
878,131
1,121,412
5,670
4,812
215,090
991,028
4,019,10G
53.383
9,755
270,330
64,454
21,357
49,579
25,462
28,146
42,982
20,783
28,974
59,823
37,382
116,675
30,727
485,042
131,480
1.658.858
203,579
1,047,701
1,328,511
418,591
348,883
480,427
1,200,112
1,048,245
845,593
476,834
2,425,430
121,013
79,958
804,604
2,885.752
176,170
1,614,468
1,304,442
415,040
180.248
192,167
91,199
100,979
162,397
65,849
116,544
238,590
536,155
1.893.880
:
June
109
10
45% Jan.
33% Jan.
$71,742
23,275
88,801
23,040
15%
Total sales this
1,805
8 1,054
1,590
$19,777
21,561
106,019
27,812
155,114
08,947
Kansas Pacific.. .4thwkMay
217.833
Mo. Kans. * Tex .May
Mobile & Ohio ...May
110,971
Nashv. Ch.& St.L.Mareli
149,497
149,497
N. Y. L. Erie* W. February .1,207,391
?ad.& Elizabetlit.3cl wk May
4,495
Pad. & Memphis..3d wk May
2,424
Phil a. & Erie
April
215,607
Pliila. & Reading. April
1,142,884
St.L.A.&T.H. (brs)od wk May
10,280
St. L. Iron Mt. * S.May
303,228
St. L. K. C. & No..4th wkMay
54,861
St. L.& Soutkeast.Bd wk May
24,741
16% 18%
Highest.
$17,164
exchange market has been firm, but not
high enough to warrant specie shipments at a profit. But not¬
withstanding this, $250,000 gold was shipped on Thursday, and
it is said more will be shipped to-morrow.
This is supposed by
some to be done for effect on the money or exchange markets.
Actual business rates for sterling bills are about 4.89| for demand
and 4.87 i for 60 days.
Quotations for foreign exchange areas
27%
52
22%
149
149
108%
Lowest.
Jan. 1 to latest date.1879.
1878.
Exchange—The
59%
tha prices bid aaa asked; no sale was made at the Board*
Canada Southern
Central of N. J
Indianap. Bl. &W.lst wk Apr
lot. & Gt. North..3d wk May
City * St. P.April
Southern Minn..-.April
Tol. Peorie & War.4th wkMay
Wabash
4th wkMay
0%
50
_
Sales of
Week.
Shares.
Gal. Har. & S. An.March
Gal. Houst. & H.. April
Grand Trunk. Wk.ena.May 24
Gr’t Western. Wk.eud.May 23
Hannibal*St. Jo.3d wk May
Houst. & Tex. C. .April
Illinois Ceu. (Ill.)..April
do
(Iowa). April
Sioux
108% 108%
109%!
27% 27% 27% 27% 26% 27%
14% 15% 15% 15%
41
41% 41% 41%
$
Dakota Southern.April
Dubuque* S.City.3d wk May
St. Paul * S. City. April
Scioto Valley
April
97
45
4%
74% 74% 74% 75}
35% 36% 36
37% 36% 37}
114%' 113% 113% 112% 114
113% 1135
Wabash
West. Un. Tel. 114%
These
83
55
27%
14% 14%
40% 41
St.L.& S. Fran,
*
56
91% 91%
119% 119%
15
14% 15% 15
16% 17% 16
16%
Pitts.F.W.&C.
St.L&l.M.assn
St. L. K.C.&N.
do
83
5.
June
57% 58
51% 52
116
116
Chic. Bur. & Q.
Chic.M.& St.C.
4.
the
Friday,
Thursday,
573
CHRONICLE.
510,508
092,517
352,370
82,333
Demand.
days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
Good commercial
4.8734@4.88%
4.87%@4.87%
Documentary commercial
Paris (francs)
Antwerp (francs)
Swiss (francs)
4.85%®4.8G%
Amsterdam
(guilders)
RYn/n Irfnrt, h’pip.limarkfl)
_
Bremen (reichmarks)
Berlin (reichmarcks)
The
following
are
3
X X Reichmarks. 4
3
X Guilders
Span’ll Doubloons. 15
Mex. Doubloons.. 15
1
Fine silver bars
Fine gold bars....
..
18?8.
Dec. 2).
Dec. 30.
1819.
Jan. 0.
Jan. 13.
Jan. 20.
Jan. 27.
3.
Feb.
Feb. 10.
Feb. 17.
Fe >. 24.
3.
Mar.
Mar 10.
Mar. 17
Mar. 24.
Mar. 31.
Apr. 7.
a
Loans.
S
83 @ 3
73
@ 4
93
@ 4
55 @15
50 @15
13 %@ 1
88
78
00
80
65
English silver
....
Prus. 8ilV. thalers.
Trado dollars.
New silver dollars
14
par.@%prem
following
are
95 %®
90
90
96
96
95%@
95%@
95 %®
coins:
98%®
—
—
99
99%
4
93
90
75
—
63
@
@
—
—
98%®
99%®
—
—
—
99*4
—
@
@
@
95
92
80
70
99%
par.
the totals of the Boston
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
$
*
$
S
$
2,659,900
2,851,300
7,296,300
6.410,400
56,4313,300
56,217,600
25,424,700
25,359,400
45,054,725
38,488,361
13?,2 20,000
3,951,900
3,898,610
3,*35,9u0
6,126,830
59,525,100
5,93 1,800
5,119,700
5.230,200
5,127 900
4,720.20)
4,4 6,500
4,273,300
61,120.400
25.616,100
25,634,1300
25.6! ',600
49,172,697
25,500,11)0
43,763.114
25,436,600
41,6.0,62*
47,534,405
47,> 30,361
45,334,530
134,65),GOO
135,: 4i,KK)
13(i,!90,o.O
139,979,500
139, s91,100
144,930,0(0
143.799,200
141,909,200
141,623,10)
141,308,303
140.442,800
140,033,100
139,001.103
14.
130,29ii,(!00
130.331,800
5.
gold for various
@4.88
5.14%@5.ll%
5.1438 2)5.11%
5.1438@5.1178
40%® 40%
128.639,70)
130,093,303
May 13.
May «6.
May
May
4.87
series of weeks past:
133,300.400
1:37,464,400
134,192,(03
133,22 .,500
132,453,200
Apr. 14.
Apr 21.
Apr. 28.
@4.87
Dimes & % dimes.
Silver %s and %s.
Five francs
Mexican dollars..
@$4 89
Boston Baakfi.—The
banks for
in
quotations
$4 80
Sovereigns....
Napoleons
4.86
4.89%@4.90
4.88%®4.89%
4.87%2>4.88%
5.17%@5.14%
5.17%®5.14%
40 %@
4038
953a@ 95%
9538® 95%
953b@ 95%
95 %®
95%
Hamburg (reichmarks)
3,822,500
3,927.500
3,8iH,200
3,7C8.300
3,045,100
3,625,7' 0
3,664,500
3,649,9: '0
3,620,800
3,644,100
3,(46,200
3,684, 00
3,( 5 -.800
3,627,700
3,600,100
4,(24,300
4,6 5t’,500
4.150,300
4,713,6)0
4,59:,000
4,291,100
3,805,800
3.483,100
3.827,800
3,863,000
00,069,600
63.747,200
64,796,300
61,190,100
(9.770, -300
69.215,910
70,326,700
67,028.1300
65.671,100
64,050,100
63,4 35,100
64.221,500
63,H?l,0i 0
62,99 <,000
60,252,400
60,023,900
*42,8-5,800
25,560,800
25,545,800
25,481,100
25,1399,700
25,613,100
25.502,00)
25,445,500
25,4138,200
25,827,800
26.014,20:)
20,215,000
52,163,732
46,764,831
46,349,291
48,733,821
45,739,465
46,907,569
39,857,020
44.676,942
47.207,392
51,936.617
26, 30,200
47,978,840
26,299,600
2^,228.800
59.505.511
50,5 52, H7
4.194,300
5S3,:00
43,456,247
3,5S9,200 *44,103,900 26,218,400
3,556,100
46,516,810
3,165,800 *44,101,2 0 2 >,369,200
3,577.100
June 2.
3,563,400
3.886,700 *43,895,000 26,437,800
129.489,000
Other than Government and banks, less Clearing-House checks.
3
*
Philadelphia Banks.—The totals of the
are as
Dec. 30.
1879.
Jar. 6.
Jan. 13.
Jan. 20.
Jan. 27.
Feb. 3.
Feb. 10.
Feb. 17.
Feb. 24.
Mar. 3.
Mar.
Mar.
Mar.
Mar.
10.
17.
24.
31.
Apr.
7.
Apr. II.
4,177,908
1,044,439
4,245,185
3,236jdoo
3,619,520
4,135,461
414,851
135,C04
4,514.519
Apr.
Apr.
May
May
May
May
21.
23.
5.
12.
19.
26.
June 2.
Philadelphia banka
follows:
1673.
Dec. 23.
4.849.304
361,986
139,711
60
6.
Loans.
Specie. L. Tenders. Deposits. Circn’ation. Agg. Clear.
8
57.107,459
56,949,172
$
&
*
2,168,142
13,220,333
44,650,121
2,161,523
13,127,507
57,572,231
57,777,347
57,613,649
57,614.473
57,138,02)
56,741,634
56,912,785
59,914,320
60,160,886
60,915,891
61 4 .'9,856
44.903,227
32,208,916
26,410,362
15,873.233
45.695.721
11.364.051
15,5:6,56?
45,030,259
45,520,(21
11,343,315
11,340,673
32.976.823
31.826,979
45,26L816
11.325.5 2
45,686,154
45,273,026
44,94*1,027
44,576,408
45,378.745
46,028,633
46,336,572
11,310,79D
11,309,(*56
11,306,127
11,338,434
11,821,223
11,347,059
11,355,472
16,360,i66
45.163.4 8
11,361,550
14,890,993
13.701.732
11,422,038
11.5 0,122
46,552 535 11,509,940
47,238.852 11,516,236
47,t44,'.99 11,508,648
47,626,868 11,4' 8,821
47,7*6,056 11,492,197
49.143.4 0 11,476:011
49.633,284 11.465,857
49,941,603 11,449,130
15.401.731
15,683,058
15,950,650
16,549,118
15,914,566
15,754.299
15,947.766
57,012.143
57,600,832
58,268,234
f 6,486,555
f 8,506,715
f 9,004342
54,994.059
60.554,1*71
60,518.117
69,122,582
60,174,912
'
i
11,-79,546
11,371,466
15,9 <9,655
15,859,150
14,022.748
14,510,885
14J369,H37
14,918,989
15,353.558
1?,1 8,678
15,919,569
15.933,439
45,256.362
45,111,747
33,044,739
29,942,353
30,7-48J 62
33,163.572
30,293,666
27,312,892
31,157,942
36,371,591
29,556,598
31,233,063
29.945.441
38,653.745
30.561,240
38.407.056
34,295.148
37.642,865
40.016,139
58.955,672
39.3*3,762
31,805,486
THE CHRONICLE
574
flew Work
following statement allows the
condition of the Associated Banks of New York City for the week
ending at the commencement of busings on M+y 31, 1879 :
Capital.
Banks.
Ifew York
Manhattan Co...
Mechanics’
Merchants
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical...
Merchants’ Exch.
Gallatin Nation !
Butchers’&Drov.
Mechanics’ & Tr.
Greenwich
Leather Man’Trs
Seventh Ward...
State of N. York.
Araerioan Exch..
Commerce
Broadway
Mercantile
Pacific
Loans and
discounts.
8,106,800
5,071,200
7.273.100
7,182,000
4,177,000
8.826,800
2,365,000
7,000,100
2.945.500
1,524,4(H)
11,660,000
3.351.400
3.584.400
1.314.300
1,143,000
785,000
2,605,000
884,000
2,6t'.),0Ui
11,010,000
13,006,400
5,862,30c
3,130,81 R
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,(MR)
600,000
300,000
1,000,000
1,000,000
300,000
300,0(H)
200,(MX)
6!X),()00
300,000
800,000
5,000,000
5,000.000
1,000,000
1,000,000
Chatham
422,700
1,500,000
'450.0(H)
2.218.500
People’s
412.500
1.200,10'.'
1,600,40'
Republic
North America..
Hanover
.'...
Irving
Metropolitan
Citizens’
Nassau
Market
8t. Nicholas
Shoe & Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ & Tr..
3,000,000
000,000
1,000,000,
1,564,800
1,443,30(
2,395,00!
10,606,.5(X
11,554,90b
502.900
546.900
200,000
370.900
64.100
107.700
102.400
51.600
83,000
300,000
103,300
344.000
27,400
202.100
1.817.400
28,10!.
24.600
329,006
442.800
44.600
37,000
1,018,800
582,60!)
33,000
7,800
170,000
508,000
3.510.900
711,91R)
759,600
30 4,200
44,800
16,150,900
7.497,000
1,113,300
85,406
1,000
1,611,600
879.900
179,000
792.500
396,600
5,400
5
,923.000
2,020,600
8,513,000
•1,687,900
270.000
1,039,000
30,400
45,000
173,000
1.212,100
1.455.800
548,000
270,000
2J 4.200
2,193,000
Tha
following
353.000
1,092,900
526.500
306.900
72.6(H)
462,70!)
51 4.9(R)
15,627,200
6,847,000
1,043,300
510,OCR)
674.600
1,117,100
2,674.000
3.552.600
8,643.000
2! (9,000
55 4,600
713,700
614,lou
416,600
142,(300
1,453,000
6.270.100
806,800
910,000
134,300
320.700
201.500
67,20(.
506.700
1.266.100
1,755,900
2,054,900
1878.
Oct.
5...
Oct. 12...
Oct. 19...
Oct. 20...
Nov. 2...
Nov. 9...
Nov. 16...
Nov. 23...
Nov. 80...
Dec.
7...
Dec. 14...
Deo. 21...
Dec. 28...
1879.
Jan.
4...
Jan. 11...
Jan. 18...
Jan. 25.
Feb.
1...
Feb. 8...
Feb. 15.
Feb. 21...
Mar. 1...
Mar. 8...
Mar. 15...
Mar. 22...
Mar. 29...
Dec.
Specie.
Loans.
$
$
Apr. 5...
Apr. 12...
Apr. 19...
Apr. 26...
May 3...
May 10...
...71
May
...42
May
...18
May
Tenders.
$
Deposits. Circulation. Agg. Clear.
19.577.500
19.593.100
453.971,364
424.149,900
482,201,920
19.601.200
39.962.500 211,096,700
40,219,000 215.443.400
240.224.200 26.373.200 39.155.400 210.737.600
237.645.500 25.405.400 39.938.200 209.752.100
2.T4.917,700 23.414.400 40.588.200 207,184.3)0
2!10,438,400 22.967.400 41.275.700 206.797.200
239.815.500 20.169.700 39,961,000 207,058,600
238.0 47.200 20.382.900 40.478.500 206.134.400
235.974.100 20.911.500 39,600,000 203.625.600
235.824.400 20.514.100 40,767,000 203.209.700
19.889.700
19,904,300
19,4)05,400
19.909.400
14),961.900
20,007,000
20,058,200
20.141,000
20,077.000
392,878,293
488,571,553
408,903,425
460.572.737
19.576.700
325,696,134
234.250,000
230.682,OIK)
233.163.400
19.848.800
19,735,000
19.767.600
19.617.600
19,486,3)0
19.427.100
19.398.800
411,598,790
19.860.500
24.144.100
20.9.86.200
18.962.400
17,344,(MR)
17.431.700
18,033,300
17.849.300
18,059,500
17.931.300
16.456.500
16,945 200
17.312.400
18.803.700
18.446.800
18,365,000
18.903.900
18.875.600
18,228,1(M)
18.516.200
18.745.600
18.703.900
18.802.400
18.733.400
234.416.200
233.241.401)
242.230.200
244.186.500
244.007,000
246.716.900
247.674.200
246.324.500
213.839.800
240.458.500
2)5,836,600
230.442.900
231.151.300
231.O'.Ml.OOO
239,357,SIX)
242.941,600
253,838.5! M)
257.630.500
257.272.800
Viomims IN
41.332.600
45,055,400
49.965.800
53.599.600
54,048,3)0
51.135.400
48.334.800
45,377,(X)0
42.651.800
40.593.800
39.173.400
36.972.600
34,268,5X)0
31,815,3)0
36.145.400
40,072,100
45.2-24,500
49.440.500
53.576.700
49.150.900
43.284.900
41.791.400
206,173,000
206.482.200
211,54)0,600
214.981.200
219.219.200
219.387.300
217.271.200
216.382.600
213.429.700
213.293.100
210.563.300
206.591.400
198.945.600
193.121.700
195.303.700
200,255,000
204.514.200
214.331.700
224.937.200
230.424.700
227.345.600
225,754,000
404.037,742
368,238,659
436,695,221
4)80,741,510
421.24-4,872
19.335.900
19.232.400
19,236,000
19.335.200
19.290.900
19.512.100
19.635.500
19.696.100
19.721.200
19.707.600
19.683.100
19,638.000
19.685.400
19.856.600
19.869.400
424,413.225
486,222,549
507,331,749
611,674,082
493,410,515
452,720,433
434,908,904
516,297,775
501,321,270
400,417,429
413.892.738
399.872.657
461.180.657
423,259,559
487,843,450
503,108,030
5-16,798,625
591,290,770
598,236.201
529.996,930
439,7^0,395
BOSTON, PIIILADKLPIIIA AND OTHER CHIPS.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
dartford & Erie 7s.
BOSTON.
New Ei g. 7s
'>*uensburg & Lake Lb.88..
Did Colony, 7b
New York &
do
Portland 6s
Atch. * Tcpeka 1st m.78
do
land grant 7s
do
2d 7s
do
lane Inc. Ss..
Boston <e Albany 7s
do
6s
Boston & Lowell 7s
Bos'on & Lou eli 6s
Boston * Maine 7s
boston & Providence 7J
Bari. * Mo., laud eraut 7s
do
Neb.6s
do
Neb. 8s, 188)
Conn. & PaBsumpslc, 7?, 189;.
Eastern Maos., 8>.s, new.
Fltchbi rg HR., Cs
-do
78....
Kan. City Tcp.& W., 73,1st
rfo
Ho
7«, J,H.
114
68
93%
117%
•
|10-%
122
■
1065*' 107
81
60%
Atchl-on
Bo-ton &
Boston &
Boston &
Boston &
103
&
Topeka
Albany.
Low elMaine
Providence
Burlington & Mo. in Neb...
hi Cheshire preferred
Chic. Clinton Dub. & Min..,
Cm. Sandusky * Clev....
116
!• 6
Concord
122
Connecticut River
IConn. & Passumpstc
118
...
72%
114
107
\\Yi%
127% 129
3./
33
(Manchester & Lawrence...
I
I
80%
4)
7%)
7%
140
4)
142
1554
115
t Western..
...
112
lUWHiiS
iEastern (Mass.)
I Eastern (New Hampshiri).,
I Fitchburg
‘Kan. City Tcp.
|
pref.
Lehigh Valley
Lltile
.........
..
pret..
Pennsylvania
m 7s. ’91.
Ualted N. .J. cons. m. 6s. ’91
Warren & F. 1st m.7s, ’9o.
8354 85
118
West Chester cons. 7s, ’9i
100
West Jersey 6s, deb., coup.,’88 95
do
:st m. 6s, cp.,’9o. 108
do
1st m. 7s,’9)—, 108
Western Penn. UR. 6s, -p.'.899
do
Gs P. B.,’96.
.
..
do m. co v. g., i;
9S
do mort. goid,’y« — It 3
do conn, in 7s, rg ,191!
94
Morris, boat loan, reg.. 885
Pennsylvania 6s, coup., ‘.910.. 73
United N. J.
p.
do
28
6s,e Kempt,\43,M.&S
19U0, J. & J
1902, J. & J
Norfolk water, 8s
3%
do
7*
39
do
do
39 %
■\7
54%
RAILROAD 8TOCK8.
143
8%
32>4
RAlLR 'AD
33%
2454
24%
55
157
954
pref
6
railroad bonds.
11354
Allegheny Vai.,7 3-10s, 1396
do
7s, E. ext., 1910
35
do
inc. 7s, end..’91
Belvidere Dela. »st m.,6s,li)U2.
9o
2d m. 6s. ’8 *.
do
3dm. 6s, '37.. i02
114
Baltimore Gas certificates
Cincinnati Gs
6s,coup,’S3 lu4 a 10554
6s, coup.,’89 105
112
mort. 6s, ’89.
iii54
Cam. & Atl. 1st in 7s. g., 19)3 •1654
do
21 in., is, cur., 18»9 104
103
do
do
do
do
..
Burlington Co. 6s,’97. xlO
Catawissa 1st, 7s, cony., V2..
do
chat, m., 10s, ’88 .
111
do
new 7s I9R)
109
Connecting 6s, 1900-1904....
Chartiers Val., 1st m.7s,C.,190.
Delaware mort., 6s, various..
Dr-i & Bound Br., 1st, 7s. 1905 ill
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m., 7s, ’80. ill
.
....
...
1-4%
#
'
to
115
45
50
d, Is.,’9..
6s ’82
6s. 19)0
m., 7-, g.#
....
do
do reg., 189s...
do 2 l m.,'8, reg., 1910
120
do
cou. in., 6s,rg.,i923 !04T* 15%
do
do
6s, p.,19 2 104% 10 H
2d
113
118
-
m.
7s, reg., i90Oil Creek tst m. 7s, coup.,’8.. ■faO
rittsb. Tllusv. & B.,7s, cp.,’S<
gen. m.
82
32
scrip....
do
11 %
N.Y.C. & RR.7s, 891
Pennsylv., 1st m., 6s, cp., ’80. 105% 1)5%
do
gen. m. 6s, cp.. 1910
Pa.&
.
do
do
do
do
Pe
X.
n.
een
cons, in
“
6
-
.
,
rg..
1905
108
108%
o
Cl XV A W JL1A
,
109
6l reg
1-4.
iDU
Ul.VO,wu(/.,
" 1
Phlla. * Erie ist m.6s, cp.,’8i 105% 107
do
2d m 7s,<-p..’S8 110
Phlla.* Read. 1st nr.6s, ’43-’44
d >
N8-.4?
do
do
2dm., 7s, p . f;
do
deben., cp.,'94'
...
•
•
•
!
do
do
do
do
11
108% 1
1 '454105
..
107%. 107X
115
1<;4
115
90
’.08
116
90
iot
.
120
91
SS*
145% 15
;-.8%
103
_
Jlll%
100
101
13<4 13%.
100
108
115
100
101
108
liJO
10054
100
55
if*
ut
ioi’
m
10254 ioi
85
104
....
105
103
106
00H
100%
100%
100%
101}
r
10W
100%
105%
101%
:
1015 i
101X
10°S10X
165%
112
105*
ioV
U2J4
108% 1(*%
101%
101
101
101
101
Water 6s, gold
+ 10554
do
do
new.+J 10554
do
bridge appr., g. 6s +
85
do
cps. cL.
renewal, gold, 6s. +
do
69% 69%
scrip, 1842.
ao
sewer, g. 6s, ’9:-W.t
do
67% 6S ,
do cons. m. 7e, cp.,19il. 1;)
1115* St. Louis Co. new park,g.6s.t
do
cur. 7s.
112
do cons. m. 7s, rg.,1911..
t P^r share.
10354; HO*
10154
102
108
104
Jefferson Mad. & Ind stock. 1)354
ST. LOUIS.
K
+ 10454
....
•Tndefan'u
110
111
LOUISVILLE.
Louisville 7s
+
do
6s,’82 to’87
+
do
6s, ’97 to ’9*
+
water 6s,’87 to ’89 +
do
do
water stock 6s,’97.+
do
wharf 6s
+
do
spec’l tax 6s of ’89. +
Loui-vllle Water 6s, Co. 1907 +
Jeff. M.&l.lstm. (i*M) 7b,’8U
do
2d in., 7s.. .
do
1st in.,7s, 1906. ..+
Louisv.C.& Lex. 1st in.7s.*97+
Louis.* Fr’kMLoalsv.ln,6s,’3
Louisv. & Nashville—
Leb Br. 6s, ’86
+
i st m. Leb. Br. Ex.,7b,’80-85.+
6s, ’)3. +
Lou. In.
do
110%
7s,cp.. ’96. 119
gen. m. 7s, cp., 1H03 115% 118
do
do
do
no
104
mi
Ind. Cln. & Laf. ’.st m. 7s. ..
do
(I.&C.) 1st m.7s,’8t+ 102
Little Miami 6s, *83 ...
+ 10054:10*
39
25
Cln. Ham. & Dayton stock.
lit
Columbus & Xenia stock
25
Dayton & Michigan stock...
do
8. p.c. st’k.guai 100
106
Little Miami stock
..
Little Schuylkill, 1st m. 7s,’-i
North. Penn. 1st in. 6s, cp.,’85 110
103
103
105
Dayton & Mich. 1st m. 7s. ’8i + 101% TO*
ao
2u m. 78,’s4.+ 100
do
3d m. 78, ’88+ 05
Dayton & West, lsim., ’8i...t 100
do
tst in., 1905.+ 90
9t
do
1st m. fs, '.90. tc5
...
g
lst,63,cp., 189S
5
18
5
31
109
l-30s
South. RR. 7"308.t 1145* ni
do
6s, gold t 103 10#
7s
Hamilton Co., O., 6s. long., .t
ao
78, l to 5 yrs..t
do
7 & 7'30s, long.1
CIn.& Gov. Bridge st’k, pref
Cin.Ham. & D. 1st m. 7s, ’80 +
do
*
2d m. 7s, ’85 t
Cln. Ham. & Ind., 7s, guar...
Cln. & Indiana .st m. 7s
do
2d m. 7s,’.7. .t
Colurn. & Xenia, tst m. 7s, ’90
Cam. &
Lehigh Valley,
129
120
120
11T
BONDS.
People’s Gas .
CINCINNATI.
do
do
Ithaca* Athens 1st
Junction 1st morn
do
2d mort.
L. Sup. & Miss., is.
U7*
MISCELLANEOUS.
Camden &Amboy
do
5s, perp
Hart lsburg l&t mor‘ 6s, ’8).
H. & B. T. 1st m. 7s, g jid, ’90
2d m. 7s, gold, ’95
do
do
3dm. cons. 7s,’95*
111
Par
do
6s, 1885, A.&O. .
N W. Va. 3d m..guar.,’85,J*J
3ttsb.& Oohnell8V.7s,’9a,J fej
'iorthern Central 6s, ’85, .»*.)
do
6s, 1900, A.*(>
do 6s, gld, 1900, J.&J
Gen. Ohio 6s, lBt m.,’90,M.& 6
W. Md. 6s. 1st mM gr.,’90,J.&J
do
1st in., 890,J.&J ..
do
2d m.,guar., J. * J —
do
2d m., pref
do 2d m.,gr. by W.Co.J&.l
do 6s. Rd in., guiir., J.& J.
Mar. & Cln. 7s, ’92, F. & A ..
do
2d, M. * N ......
do.
8s, 3d, J.&J
Union RR. 1st, guar., J. & J.
do.
Can on endorsed.
9
135
dd
16%! 117
liti
116
118
17
17
115
Balt. & Ohio 6s, 1880, .J.&J...
143>b 144
Susquehanna
1!0
111
..
West Chester consol, pref....
West .Jersey
CANAL STOCKS.
Pennsylvania
Schuylkill Navigation....
!
19%
5‘.
Morris
do
pref
109
114
L10
100
1 8
110
Balt.* Ohio
HR 106%
do
Wash. Branch.PX; 140
14
do
Parkersb’g Br..,iU
3
4)
'Northern Central
50 17
41
5<
37%. , Western Marylani...
Central Ohio,
.;
.5< 30
m%
4
(Pittsburg & Connellsvllle..50
’
Chesapeake * Delaware.,..
Delaware Division
Leaigh Navigation
7§
103%
142
Companies
m
75
102
71
6s, exempt, 1^87
do
6-, .890. quarterly,
(lo
os, quarterly .
Ba’timore 6s, 88i, quarterly
do
6s, 8S6, J.*J
do
6s, 189 ■, quarterly..
do
6s, park, 1»90, tj.—M
do
6s, 1893, M. & S ...
41%
10%
19%
ef.
10?*
75
Maryland os, d fen»e, J.&J
1256
37 x.
Pennsylvania......;...
Ph’lauelphla «te Erie—
Pull ide<phla & Read ng
Philadelphia* Trenton
Ph la.Wiluiing. * Baltimore
Pittsburg ritnsv. * Puff. ..
St. Paul & Du uth K.1L Com
do
m
82
30
BALTIITIOBE.
13%
42%
47ts
Pacific
oo
98
77
30
39
2d m. 6s. reg., 1)0*.
6s, boar.&car,rg.,r.) a
7s, boat&car.ig. :9 fSosquehanna 6s, coup.. .9.8.*
4 ~
53 %
10.)
Norristown
•
79
do
do
d-»
;
•
Sesquehontng Valley.
d
.
Schuylk. Nav.ist m.bs.rg.,’9..
46%
Schuylkill
Jiinehtll
11534,116
135
10,5s
40
47
12
Broad Top...
do
907.
7s, ’97
cac. 1st jn ,6s, g..l9(>5
cons in. 6*,g.,190*>
inc.* 1. gr ,7s 19.5
m.
Lehigh Navfga m.,fis, reg.,’84 106% 1V7
do
mort. RK., rg.,’9:
107% 10'
114
41%
do
1U61L1D6X
..
[Omaha & S. Western, 8s
:Pu°blo * Ark. Valley, 7s....
Rutland 8s,1st mort
I Vermont .v Canada, new S3,
114% i Vermont * Mass. UK.,6s
rluntlngdon &
7s
Union* Titusv. 1st
.
Bound Brook....
East Pennsylvania
E an Ira * W iiliam sport.....
do
pref..
do
Har P. Mt. Joy A Lancaster
STOCKS.
....
...
.
36%
ao
Delaware*
Ask.
'J6%
92%
new
Ka^.f'ity ct. Jo.&C. R. Ts.
Maine 6s
New Hampshire 6s
Vermont 6e
Massachusetts 5s, gold
Boston 6s, currency
do
58, gold
Chicago sewerxge 7s
do
Municipal 7s
series of weeks past
17.599.700 43.362.200 214.103.400
13.991.100 42,050,800 210,011,200
15.547.800 40.720,100 208.144.600
247.881.900
248.634.300
246.593.100
245.103.400
244.511.800
'
a
ii3M
pref.....
new pref
do
do
North
41.791,4001225.754.000 19,869,400
120
120
90%
pref
60
do
m.
kuub. Hhz. * W.,lst m.^s.^i
City ‘is, coupon..
ti.-.rrisburg
Caiawlssa
Stony Creek 1st
CANAL BONDS.
7b, Ur.unp.. reg , 83-Sh* 10.J
N jersey 6s, reg.and coup...
do
exempt, rg. * coup.
Camden County 6s, coup
Camden City 6s,coupon ...
do
7s, reg. & coup
coupon..
1.£0" iC75i 107*
Chesan. & Dela 1st 6s, rg.,’86
Delaware Division 6s, cp.,’78.
no
Northern
270,000
118
118
Pittauurg 4s,coup., 1913......
do
5s, reg. & cp., 191 .
6s, gold reg ... ...
do
7s, w’l r lu.rg. &c
do
266,700
225,000
1,493,500.
the totals for
...
Allegheny County 5a, coup...
Allegheny City is, reg
45,000
798,200
180,000
Pltt8.Cin.*St. 1j. 7s,cou.,
Sunbury & Erie i st
to 9:i
over
40
Shamokin V.& Pott«*v 7s, 1901
Stuubenv. & Ind. st, 6s, <884.
reg
do
6s, old, reg
do 6s,n., rg.,prlnr
do 6s,n.,rg., 895 &
67%
38
7s, coup, off,’93
C.& l.deb. Is. 2
do
deb. 7s. ■ p6.oll
do mort., 7s, 1892-3
Phlla. Wllm. * Bult. 6s, ’84
Texas &
do
780,300
returns of previous week are as follows ;
Dec.
$363,700 Net deposits
Dee. $1,591,600
Dec.
Inc..
17,000 Circulation
12,800
are
Philadelphia, 5s
9H54 If*
do
STATE AND CITY BONDS.
Penna. 5s, g’d, rnt ,reg. or cp.
do
5s, cur., reg ... ... •
113%
do
5s, new. reg., 189-5-1902 113
do
68, 10-15, reg.. 1*77- 82. 1"2
do
68. 15-25, reg., l882-’92. It-6% 111%
do
6s, In. Plane, reg., 18.9
4,116,106
1.255.800
2,267.000
17,903,4(X)
450,000
445,000
4.700
do
...
RAILROAD STOCKS.t
C-onden A Atlantic. ... . ...
The deviations from
Specie
Legal tenders.
....
343,200
No report, same as last week.
Loans and discounts
& Nashua
Worcester
1.701.500
1,190,000
3,132,000
2.305.600
104,606
111.300
105.200
75,600
3,230,000
1.424,000
184.200
Hue do
Phi).& R. cons.m.6s,g.l.l911
do conv. 7s, 1893*
82
64 X
14
120
Palace Car
A 'rk nsas
a
Delaware 6s,
3,591,100! 14,679,600
735,000i
•
245.400
3,900
245,000
'00.875.200 257.272.806; 18,785 40'
Total..
253,000
198,(XX)
2.700
41;),ooo
177.200
180,000
851.300
439.600
1,600,000
Portsmouth
Portland Saco &
Pull
...
pref..
PHILADELPHIA.
1,083,500
754.600
Champlain
262,000
537,000
3.861.600
2,710,000
2.111.400
1,879,000
3.357.800
do
Old Colony
Rutland,preferred.... . .....
Vermont & Massachusetts .
771,000
9.213.400
\orwlcL & Worcester
Bid. Aft.
SECURITIES.
35
32
125
16
59
101
England...
Hampshire
78.500
44.500
131,0<X)
1,100
530,700
075,000
5,100
500
1.887.700
2,860.7o0
620.300
292,000
450.700
250.800
64.401'
$
44,000
l,006,0(H)
736.500
1,087,700
809.500
2,15s, 700
8,3t5(),0()0
Nashua & Lowell
New York & New
Northern of New
Etc.-Continued.
Bid. Ask.
SECURITIES.
Ggdensu. & L.
H.714,3001
2.625.700
151.100
478.300
32 4,(HR)
1,169,300
2.025,50!,3,3b c ,600
750.000
472,000
370.300
112,100
287.200
141.300
400,400
448.000
172, (MM
2,503,000!
3,743,100! 314. HR
1.200.30C
7,705,10P
6.365.100
908,000
1.246.100
60,200
1.179.400
28,000
250,000
400,60U
2,270,300
63.100
6,700
3,159,000
3,607,20!
4,2.88,201
400,000
1,500,000
2,000.000
765,000
2! 50,200
200.900
2,013,301
2.188,00!
1,748,20!
300.000
810.700
313,000
202,000
534.400
110,2(H.
500,000
500,000
1,000,0 0
1,000,000
896.700
498.500
58,000
12,500
tion.
$
8.254.400
3.847.200
6.454.500
5.895.400
3,115,006
6.180.200
2,105,000
7,000,3(RJ
1.832.500
1.250.400
$
1,684,000
506.700
1.192.900
57.600
175,800
1,162,006
1,542,500
363,500
Circula¬
Legal
other
Tenders. than U. S.
202.800
6.026,(X)i
2,117,40
12,463,00!'
1.407.301
500,000
Park
Mech. Bkg. Ass’n
500,000
Grocers’
300,000
North ltiver
240,000
East River
250,000
Manuf’rs* Mer..
100,000
Fourth National
3,200,000
Central Nat
1 2,000,000
Second Nation'1*
300,000
Ninth National..
750,000
First National...
500,000
Third National..
1,000,000
N. Y. Nat. Exch..
300,000
*
$
548.800
166.700
492.800
571,000
299.700
549,200
291,000
1,096,500
225,600
206.700
3,365,10;
500,000
Bowery National
Specie.
4,022.200
700,000
1,000,000
N. York County ..
Germ’n Americ’n
Chase National..
Net dep’ts
PHILADELPHIA,
BOSTON,
City Banks.—The
Average amount of
[Vol. xxYin.
+ And Interest.
10u%
105%
10h5«
106
June
U. 8. Bonds and
QUOTATIONS OP STOCKS AND BONDS IN NEW YORK.
active Railroad Stock* are quoted on a previous page. Prices represent the per cent value,
cm
a rim
Bid.
SECURITIES.
~47%
Alabama—5s, 1883
5s. 188(3
8a, 1888
Bid.
Ask.
4a*
&
8s’ Montg. & Eufaula KR.
8a, Ala. A Cbatt. IIR
8s of
8s of
Class
Class
Class
1892
1893
A, 2 to 5
B, 5s
C, 2 to 5
Arkansas—6s, funded
7s, L. Rock A Ft. Scott iss.
7s,
7s,
7s,
7s,
20
48
75
58
6
4
Kentucky—6s
Connecticut—8s
Louisiana—8s
0s,
0s,
49
1U *4
112
Funding, 1894-95
Hannibal A St. Jo., 1880..
102
Railroad Stocks.
(Active preciously quoted.)
Albany A Susquehanna...
Boston A N. Y. Air L., pref.
Burl. Cedar Rapids A No.
Chesapeake A Ohio
do
do
1st pref.
do
do
2d pref.
Chicago & Alton, pref
Chicago St. Paul & Minn—
Dubuque A Sioux City
Harlem
Ind. Cin. A Laf
Keokuk A Des Moines.
.
do
do
pref.
30%
38%
m
111
114
55*4
Louisville A Nashville
Marietta & Cin., 1st pref...
2d pref...
do
do
Mobile A Ohio
Nashville Chut. & St. Louis.
New Jersey Southern
N. Y. Elevated
N. Y. New Haven & Hartf.
Ohio & Mississippi pref
Pitts. Ft. W. A Chic, spec’l.
Rensselaer A Saratoga
St. Louis Alton A T. H
do
do
pref.
Terre Haute A Indianapolis
United N. J. Rlt. A Canal..
3%
3%;
58"
2H
175
165
30
90
2%!
...i
105
100
11
20
95
Quicksilver
pref
Atlantic k Pacific Tel
American District Tel
Gold k Stock Telegraph —
Canton Co., Baltimore
do
Amerioan Coal
Consolidation Coal of Md..
Pennsylvania Coal
Mariposa L’d & Mining Co..
Standard Cons. Gold
Pullman Palace Car
pref.
Mining
“
40%
41
15%
36%
40
99%
Wells, Fargo & Co
do
do
Ontario Silver Mining
Homestake Mining
105%
47%
40*4
80
44
25
20
142%
6%
3S*
S*
99%
15%
40%
70
80
45*4
22
7'
40
32
82%
Railroad Bonds.
Stock Exchange Prices.
Bost. H. A Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn.A St. L., 1st, 7s, guar
do
do
do
2d mort..
3d mort..
Rens.A Saratoga, 1st,coup
do
1st, reg.
Donv.A It. Grande—1st, 1900
Erie—1st mort., extended
2d mortgage, 7s, 1879....
3d mortgage, 7s, 1883—
4th mortgage, 7s, 1880 ....
5th mortgage, 7s, 1888 —
7s, cons., gold bonds, 1920.
ex coup.,Sept.,’79 A prev
37
38
do 2d,con.,f.cp.,5s,0s
Han. k St. Jos.—8s, conv...
111. Cent.—Dub.&Sioux C.lst
Dub. k Sioux C., 2d div...
Cedar F. k Minn., 1st m..
Indianap. Bl.A
2d mortgage
W.—1st m..
f., 7s.
Cleve. & Tol., sink. fund..
new
bonds.
Cleve. P’ville A Ash.,
do
100
0s, loan, 1883
0s, do 1891
0s, do 1892
0s, do 1893
tt.
.
•
.
old.
new
Buffalo & Erie, new bds...
Buffalo A State Line, 7s..
Kal’zoo k W. Pigeon, 1st.
Det.Mon.A T., 1st, 7s,’19O0
Lake Shore Div. bonds...
do
cons, coup., 1st
cons, reg., 1st.,
do
do
cons, coup., 2d.
do
cons. reg.. 2d ..
Louisv. k Nash.—Cons.m.,7s
2d mort., 7s, gold —
Nashv. & Decatur, 1st, 7s.
Marietta k Cin—1st mort..
1st mort., sterling
:
North Carolina—0s, old.JAJ
0s, old, A.A O
No. Car. RR., J. A J........
off, J. A J.
off, A.A O.
Funding act, 1800
40
100%
coup,
coup,
do
1803
New bonds, J. A J
do
A. AO
Chatham RR
112*-!>
104%
106% 107%
100%
91
89%
109
98
£....
98*4
103%
103%
100
105
104
104%
no
120
121
122
lii
*
107*4
114
*105%TC 0%
100'
...
25%
25%
100
100
80
80
102%
8
f
•
„
f
.
.
.
.
.
....
Registered
BONDS.
STOCK* AND
Peoria Pekin k
23
46%
114%
1112
110*4 110%
2d mort
114
115
Tol.&Wab.—lstext.7s,ex cp.
1st St. L. div.7s,ex mat.cp.
2d mortgage ext., ex cout>
73*4
Equipment bonds, 7s, 1883
72%
108
Consol, conv. ex coupon.
Gt. Western, 1st m., ex cp
do 2d m.,7s,’93,ex cp
....
Q. k Tol., 1st, 7s, ’90,ex cp.
U1.& So. la., 1st m.7s,ex cp
West. IJn. Tel—1900, coup.
1900, registered
103%
40
....
110
Ill
INCOME BONDS.
Central of N. J., 1908
Leh. & Wilkes B. Coal,
111% 113
109%i
....
1888
....
.
•
•
class C
92
St.L.A 8.E.—Cons., 7s, g.,’94
98“ St.L. VandaliaA T.H.—1st in
2d mortgage, guar
99%
92% Sand. Mans. A Newark—7s..
105
South Side (L. I.)—1st mort
South Mifin.—1st m., 7s, ’88.
104%
£112“
"
*
*
7s, water
7s, river improvement....
103
102
•
•
STATES.
So. Carol in a—Con., 6s
.
.M.A
7s, gold, 1892-1910 ..J.A
7s, gold, 1904
I.A
10s, pension, 1894.. .J.A
Texas—0s. 1892
....
321
57%
58*4
89*4
40*1
9
8
87*4
87 %
87
87
87*1
35
00
73
44
40
57
8
2-1%
£45
108% 108% Cleveland—7s, long
90
90% Detroit—Water works, 7s..
Elizabeth City—Short
Long
107% 107%
117% 118% Hartford—0s, various— ,.. tl(K5
Indianapolis—7‘30s
90
102
85
100
85
95
98
85
05
90
100
90
80”
88
90
85
S.
J.
J.
J.
too
-108
rl09
102
no
in
100
CITIES.
9-i
Atlanta, Ga.—7s
88
50
8s
r.
Water works
Endorsed M. A C. RR
Compromise
57%
Mobile—5s, coupons on
09%
8s, coupons on
0s, funded
Montgomery—New 5s
55
55
New 3s
1105
til 2
til 2
tll2
tll2
til 3
40
40
-102
0ft
100% 109
ndo“
72%' 72*4 Augusta, Ga.—7s, bonds
107% 108
Charleston, S. C.—Stock, 0s.
85
85%
7s, F. L
95
92
Columbus, Ga.—7s, bonds..
£97
Macon—Bonds, 7s
113%
Memphis—Bonds, C
113%
Bonds, A and B
55
08
£50
4ly
*
*
"
92
85
(good)
Rejected (best sort)
Consolidated, 0s
Railroad, 0s
Norfolk—0s
100
113%
113%
Petersburg—0s
8s..
113%
Richmond—0s
115
115
50
50
109
Savannnah—7s, old
7s, new
Wilm’ton,N.C.—0s,
100
107
97
105
59
108
no
102
45
55
15
15
15
82
15
15
20
60
7«
25
25
25
37
25
25
25
107
02
70
4*6“ 50'
90
90
20
32
20
108
101
80
New Orleans—Prem., 5s
108
112% 115
7s, sewerage
*
iii“
32^
31
33
33
78
(Brokers' Qunt tions.)
•
30“ 85“
108“
105
Chicago—0s, long dates
112
32*4
32%
8
30
33
Smtliern Securities.
Nashville—0s, old
6s, new
120% 121% Albany, N. Y.—6s, long
119
119% Buffalo—Water, long
....
So
-
r
CITIES.
118
110
■
1st mortgage, 7s (pink)—
Extension
Tol. Can. S.A Det.—1st. 7s, g
Union A Logansport—?s....
Union Pac., So. Br.—0s, gld.
’
{.Brokers' Quotations.)
•
mortgage, class B...
do
60*% 67%
103-%; 104% St.L.I.M.AS.,1st 7s,pref.int
do 2d int.,6s, accum’e
113%
110
Chic. St.L.A N. 0.,2d m.,1907
105
Miscellaneous List.
•
2d
47%
....
1st pref. inc. for
1st me, for consol
110%; 110%
J.—1st m...
St.L.AJSan F.—2d m.,class A
74
Pur. Com. rec’pts, 1st,E.D £105%
105
do
1st, W.D
Bur. Div
do
111
72%
Small
3%
1880
Consol., 7s, 1910
108*4(108%
103%'105
107
.
....
2d mortgage,
....
72%
0s, new, 1880
0s, new, 1807
0s, consol, bonds
0s, ex matured coupon....
0s, consol., 2d series
0s, deferred
D. of Columbia—9'05s, 1924.
8%
95
Spring.V’y VY.Works, 1st 6s
Tol. Peo. & W—1st m., E.D- £105
£105
1st mortgage, W. D
94%,
Burlington Div
119*41119%
113
Virgina—0s, old
....
125
119%
*
+
St.L. K.CA N—R. E.& R.,7s
Omaha Div., 1st mort., 7s
117%
North Missouri, 1st m., 7s 117
St. L. Alton & T. H—1st m. 115% 117
82
84%
2d mortgage, pref....
5(
54
do
income.
Belleville & So. Ill., 1st m. £109
107
103%|
April & Oct—
Funding act, 1800
Land Com., 1889, J. A J...
do
1889, A.AO...
7s of 1888
Non-fundable
25%
Tennessee—0s, old
0s, new
0s, new series
*
50
10
10
10
40
40
110%
Col. Chic, k I. C., 2d con..
do Tr’t Co.ctfs.1st con
Rome Wat. k Og.—Con. 1st
St. L A Iron Mount’n—1st m
2d mortgage
Arkansas Br., 1st mort...
Cairo k Fulton, 1st mort.
Cairo Ark. & T., 1st mort
89
iio"
3
105
Ohio—0s, 1881....
1 6s, 1880
100
....
2%
class 2
class 3
do
do
....
Rhode Island—0s,eoup.’93-9
South Carolina—0s
Jan. & July
....
Ajjk.
Bid.
Securities.
Ask.
14
14
2
3
Special tax, class 1
107
107%
A.A O
do
do
do
42%
38
101
....
Lake Shore—
Mich S. k N. Ind., s.
do
f
1st con., guar £102
Long Dock bonds
Bull'. N. Y.& E, 1st m., 1910
N.Y.L.E.AW.,n.2d,con.,0s
do 1st, con., f, cp.,7s
miscellaneous St’ks.
Adams Express
American Express
United States Express
Morris k Ess’x,b’nds, 1000
do
construct’n
do
7s of 1871.
1st
do
con.,g’d..
Del. A Hud.Canal—1st m.,’84
1st mortgage, 1891...
extended ..
do
Del.A H. Can.—Coup., 7s,’94
J£(3<r#
’04.
lst"Pa. div., coup., 7s, 1917
do
reg., 7s. 1917 .
Albany & Susqueh., 1st m.
1(50
Missouri—Han. A St. Jo.,’87.
New York—6s, gold, reg.,’87
0s, gold, coup., 1887
HIIMELL A * EOUS
AND
RAILROAD
Bid.
....
41%
Michigan—0s, 1879
0s, 1883
7s, 1890
Missouri—0s, due 1882 or ’83
0s, due 1880
0s, due 1887
8s, due 1888
0s, due 1889 or ’90
Asylum or Univ., due ’92.
4
4
SECURITIES.
20
7s, small.
lllj^
Illinois—8s, coupon, 1879...
floating debt
8s, do
8s, do of 1875
8s, of 1910
7s, consolidated
102“
Georgia—8s
7s, new
7s, endorsed
7s, gold
new
new
7s, penitentiary
0s, levee
11
4
4
Memp. & L. Rock HR .
L. R P. B. A N. O. RR.
Miss. O. & R. R. RR...
Arkansas Central RR.
102
105
20
20
20
20
20
20
20
Illinois—War loan
47%
47*4
1883
SECURITIES.
Ask.
whatever the par may t>4
BONUS.
STATE
8s
575
THE CHRONICLE*
7, 1879.]
80
24
80
24
99
98
108
10-1
72
12
1(>0
75
75
g., cp.on
8s, gold, coup, on
79% Metropolit’n Elev—1st.1908
RAILROADS
Midi. Cent.—Cons., 7s, 1902
104
107
00
20
£109*4 110%
1st mort., 8s, 1882, s. f
100
Ala. AChat.—Rec’rs ctfs,var
too
Chesap.A O.—Pur. m’y fund
Long Island City
102
105
110
Atlantic
A
Gulf—Consol—
1106
44“
Equipment
bonds
44%
Newark City—7s, long
40
30
0s, gold, series B, int. def.
6896
110
Mo. K. AT.—Cons.ass..1904-0
1112
Consol., end. by Savan’h..
19% 20
Water, 7s, long
6s, currency, int. deferred
111
113
32% 32%
2d mortgage, inc., 1911 —
1101
118
102% Cent. Georgia—Cons, m., 7s
118%
Oswego—7s
Chicago & Alton—1st mort.
74
70
104% 105
II. k Cent. aio.. 1st., 1890.
1111
115
Stock
100%
Income
43
Poughkeepsie—W ater
40
95% 98
Charl’te Col.A A.—Cons., 7s
New Jersev South’n—1st, 7s
115
100
107
Rochester—Water, 1903— tll3
Sinking fund
65
(iO
2d mortgage, 7s
Consol., ts, 1903.. .'
1112% 110
Joliet A Chicago, 1st m...
Toledo—8s, water, 1894
90
104%
105
East Tenn. A Georgia—0«
N. Y. Central-03, 1883
1102
ll6“
107%
730s
Louis’a A Mo., 1st m., guar
95
1(H)
109
113
ETenn.A Va.—0s,end.Tenn
1110
98
0s, 1887
*....
Yonkers—Water, 1903
do
2d 7s, 1900.
E. Tenn. Va. A Ga.—1st, 7s. 102%
6s, real estate
St. L. Jack. & Chic., 1st m. £109%
42
104
37
Stock
0s, subscription
RAILROADS.
Miss.Riv. Bridge,1st,s.f,6s £103
124
115
119
124%
N. Y. C. k Hud., 1st in., cp.
113
115
Georgia
RR.—7s
110
113%
Chic. Bur. & Q.—8 p.c., 1st in
108
Atchison k P. Peak—0s, gld
107
do
‘ 1st m., reg. 121 %
0s
120% 121
100%
Co«sol. mort., 7s
114
Bost. k N. Y. Air-L—1st m.
88
85
Huds. R., 7s, 2d m., s.f.,’85 113
Stock
t.... 102
108
90
5s, Sinking fund
83*4 83% California Pac.—7s, gold—
Canada South., 1st, int. g
Greenville A Col.—7s, 1st m
110
100
93
Ohic. Rk. I.A P.—0s, cp.,1917 115%
50
45
0s, 2d mortgage, gold
122%
Harlem, 1st m., 7s, coup,
£115
7s,
guar
80
75
6s, 1917, registered
100
Cent, of la.—1st m., 7s, gold
97
do
1st m., 7s, reg— 122%
Macon A Aug—2d, endors.
60
93*4 95
55
Keok.A Des M., 1st, g., 5s.
101
Chic.A
Can.
So.—1st
m.,g.,7s
100
N. Y. Elevated-lst, 7s, 1906 llu% 115%
as
MemphisA Clia’ston—1st,7s
87
Central of N. J.—lstnn., ’90. 110% 118
80
77
111% Chic, k East. Ill.—1st ra., 0s
Ohio k Miss.—Consol, s. f’d 111
00
2d, 7s
55
1st consolidated
111
2d mortgage, inc., 7s
3%
Stock
Consolidated
93% 94“
102%
101%
do
assented.
41
39
93% 91% Chic. St. P.A M.—0s, g., new
2(1 consolidated
Memp. A Lit. Rock—1st, 4s.
82% 83
Convertible
104
Land grant, 0s, gold
1st m., Springfield div —
94
Mississippi Cent.—1st m.,7s 101
94%
97
do
assented
103
100
.Chic.A Southwest.—7s, guar
Pacific Railroads—
2d mort., ex coupons
102
87%
Adjustment, 1903
114
113
Cin. Lafayette & Ch.—1st m
113
Central Pacific—Gold bds. 112
100
92
90 ^ Miss. A Tenn.—1st in., 8s, A
Lehigh & W. B.,con.,g’d..
94
101%
91
Cin.A
Spr.—1st,
C.C.C.Al.,7s
San Joaquin Branch....
1st mortgage, 8s, B
110
09% 09%
do
assent’d
103%
86
1st m., g’d L. S. k M. S., 7s
75
102' ~ 103
Cal. k Oregon, 1st
Mobile A Ohio—Sterling, 8s
78
106
1104%
Am. Dock & Impr. bonds,
86
Col. A Hock. V.—1st,7s,30 yrs
75
107%
State Aid bonds
78
Sterling, ex cert., 0s
101
too
do
assented
70
00
.%
Land grant bonds
103%j 1st, 7s, 10 years
8s,interest
103
1100
Ghic.Mil.A St.P -1st,8s,P.D 127
15
12
2d, 7s, 20 years
Western Pacific bonds..
2d mortgage, 8s
112
50
2d mort., 7 3-10, P. D
as
Dan. Urb. Bl.A P.—1st, 7s, g.
85
South. Pac. of Cal.—1st m.
Now 1st mortgage
112
r<0
112%
(52
1st m., 7s, $ gold, R. D....
38
85
“"!112*4 Denver Pac.—1st,7s,Id. gr.,p 100
New debentures
Union Pacific—1st mort..
113
1st in., La C. Div
112
Erie k Pittsburg—1st m., 7s
110
113 ,114
Land grants, 7s
N. O. A Jacks.—1st m., 8s...
105
99
109%
1st m., I. & M
105
Con. mortgage, 7s
114% 114%
Certificate, 2d mort., 8s... 103
Sinking fund
1st m., I. & D—. ——
114
7s, equipment
,114%
Registered, 8s
107“ Nashville Chat.A St. L.—7s. 105*4
102“
1st m., H. k I)
Evansv.
A
Crawfordsv.—7s.
93*4
Pacific Rlt. of Mo.—1st m. 107% 108%
113“ 113*4
1st, 0s, Tenn. A Pac. Br...
55
1st m., C. & M
95
Evansv. Hen. k Nashv.—7s.
92
£... .110
2d mortgage
108
1st, Os, McM.M.W.AAl.Br.
65
108%
55
Con. sinking fund
Evansv. T.H. & Chic.—7s, g.
105
Income,
7s
Norfolk
A
Petersb.—1st,
8s.
£100
100
90
2d mortgage
Flint & Pere M.—8s, I’d gr’t
100
1st m., Carondelet Br...
1st mortgage, 7s
100
85
100%
82
1st m.. 7s, I. k D. Ext
93
99% 99% Galv. Hous.A H.—7s, gld,’71 100
2d mortgage, 8s
South Pac. of Mo.—1st m.
112
....1
Chic, A Northw.—Sink. f’d..
112
Gr’nd
It.Alnd.—lst,7s,l.g.gu
110
Kansas Pac.—1st m.,0s,’95
8.
m.,
8s.
Northeast.,
C.—1st
106%
Interest bonds
118
97
1st, 7s, Id. gr., not guar...
1st m.,6s,’95,with cp.ctfs 117
2d mortgage, 8s
72
119*4
65“
Consol, bonds
iio
95
1st, ex land grant, 7s
1st m., 6s, ’90
108
Orange A Alex’a—lsts, 0s..
Extension bonds
100
120
Grand River Val.—8s, 1st m tioi
90
J
do
with coup, ctfs 119
2d s, 0s
110*4
84
1st mortgage
00
Gt.N.—1st,7s,g.,ctfs
Hous.A
50
1st m., 7s, Leav. br., 90..
112
8ds, 8s
1(H) !
107
29
85
A
C.—1st,
7s,
gld
Hous.
Tex.
22
si
Coupon gold bonds
do
with coup, ctfs
112
4tlis, 8s
104
101
Registered gold bonds....
96
Western Div
94
1st in., 7s,R.AL.G.D’d,99
Rich.A Dan.—1st consol., 0s
114
105
101
Iowa Midland, 1st m., 8s..
110
118
Waco
do
with coup, ctfs iio
Southw. Ga—Conv., 7s, ’80. 105
103
100
Galena & Chicago, exten.
Consol, bonds
1st m., 7s, land gr’t, ’80..
Stock
75
70
Peninsula, 1st m„ conv...
iio
IIO’
Indianapolis A St.L.—1st, 7s
do
with coup, ctfs Ii7
S. Carolina RR.—1st m., 7s. 166“
105
102
Chic, k Milwaukee, 1st m. 117“ 118%
42
35
Indianap. A Vine.—1st,7s, gr
2d
mort.,
’80
7s,
1902,
non-enjoined....
87
S4
Winona k St. P., 1st m ... £108-%
International (Tex.)—1st, 7s
92
coup, ctfs
do
with
....!
105
7s,
non-mortgage
23
2d
do
in....
62
Int. H. A Gt. No.—Conv., 8s
00
Inc. coup. No. 11 on 1916
Savan’h A Char.—1st m., 7s.
109
C. C. C. k Ind’s—1st, 7s, s. f. 110% 118 1
60
48"
02% Jack.L. A S.—8s, 1st,“white” tl08
Inc. coup. No; 10 on 1916
Cha’ston A Sav., 0s, end..
100
105
100%
Consol, mortgage
115
110
110% 110% Long Island—1st mortgage.
Den. Div. Tr. rec’ts ass.
West Ala.—1st mort., 8s—
100
C. St. L. k N. O. Ten. lien 7s
A
7s,
n.
115
Montclair
G.L.—1st,
110
2d mort.. 8s, gu»r
Pennsylvania RR—
48”
40
1st con. 7s £92
do
do
J.
Midland—1st,
gold.
N.
7s,
125%
Pitts.Ft. W.A Chic., 1st m.
PAST-DUE COUFOvS.
105%
12
10
Del. Lack, k West.-2d m..
2d mort
20
30
do
do
2d m.. 122%
£105%
Tennesssee State coupons.
18
10
7s, convertible
N.
Y.
A
Osw.
Midl’d—1st
m.
120
40
do
do
3d m..
South Carolina consol
55
112% 115
Mortgage 7s. 1907
Receiver’s certif’s, labor.
20
Cleve.A Pitts., consol., s.f. 115
t.... 108
53
Virginia coupons
Svr. Bii gh. A N. Y., 1st, 7s
do
other.
111
ai
79
do
4th mort... 10*.)
do
consol, coupons...
100
95
Morris A Essex, 1st m
j 123%
Osw^o
A
Rom*'—7s,
guar..
73
72%
Col. CHio. A T.
1 «t. onn..
79*4
—
•
•
•,«
•
.
•
.
,
,
,
....
....
#
....
...
....
....
~
107%|109 j
....
r
0
.
,
.
r
•
.
.
.
.
.
.
•
•
•
•
•
....
....
•
.
.
(
*
2d
do
*
mort...1
112
Prices nominal.
+ And accrued interest.
£ No
price to-day; these are
latest quotations made this
week.
.
.
America
Exchange
Bowery
A ra.
Broadway
Butchers* A
Dr.
Central
Chase
1002,000.0QiM
Chemiea1
Citizens’
4.0*«u J. & J.
it».2uo
Ico.iOUi.I. A -T.
300,000.3.178,400 Bl-xn’ly
450.000
251
Mar.,
158.6 tO J.&J.
600.000
1,000,000! 1,4( 15,01 !0i.M.&N
100 i
100 5.000,000
City
Commerce
Continental
Corn Exoh’g-e*.
Ifast River
llth Ward*
Fifth
Fifth Avenue*.
First
Fourth
Fulton
10011,000,000
...
.
O.
hoo.ihioI
100.
2
10 )
Chatham
100 1,000,000
25
250,000
25
100,000
100
150,000
100
100,000
100
500,000
100 3,200,000
30
600,000
50 1,000,000
100
750,000
100
200,000
100
200,000
25
200,000
25
100,000
40
300,000
J00 1,000,000
100 1,500,000
50
500,000
..
..
Gallatin....
German Ain.*.
German Excli."
German a*
Greenwich*
Grand Central *
Grocers*
Hanover
Imp.* Traders’
....
,.
Irving
Island City*
fO
5 41,200 I. & J.
103,200 J. & J.
Jam,
613,700
61,100
7,000
30,1 < 0
Feb.,
lac.,
F.&A.
I. A J.
T. & 3
J. & J.
.Ian.,
duly,
Jan.,
165.100
q-.y:
1,33w, 100
805,500
411.400
646.400
42,s00i
53,400
12
j.&j.
Nf .AN.
A.A O.
F. & A.
6
20,8U0j M. AN
177,400,,j. & J.
.
Jan
3V$ 10246 103
Globe
110,2 M)
5,800 J. A J.
i25,yi/o J A ,J
100,000
.
.
64;
12
8
.
PI 300,000
2)4
7bi
74>
.
.
y
Ian.,
....
10
12
5
7
8
8
0
74>
8
8
3
g.J.
.
J iftl
....
9
..
Jan.,
Jan.,
Feb.,
July.
Jap.,
7
•Jan.,
8
Jan.,
2
May,
Nov.,
0
May,
0J& Jau.,
Jail.,
Jan.,
10
Jan., ’79.
....
.
’79.
’79.
’79.
’78.
’79.
’79.
'75.
’76.
’79.
’79.
’79.
’77.
’79.
’79.
’79.
’79.
,
Tan., ’79.
May, ’79.
jau.. ’79.
dan., ’79.
Feb , ’79.
Jan., ’77.
duly, ’77.
’79.
dan , ’79.
May, ’79.
....
6
.
.
.
....
lb
11
12
0
10
6
*
10
6
W\4 1'' ’
j
1
i
70
100
101
4
2
Aug.
duly,
dan.,
3
9
10
dan.,
Jan.,
6
7
May,
J an.
9
1
10
|
8
Rings Co.(Bkn)
Lalayette(Bkn)
124
124%
Lamar..
Lenox
Longl8l.(Bkn.)
1204?
Manut.A Build.
Manhattan
Mech.A Trad’rs’
7'H
Mech’ics’(Bkn)
72
3
3*?
.
-
Mercantile..
Mercliants’
Montauk (Rkn)
75
.
.
4
■
.
•
•
•
.
_
„
„
100
120
95
3
91
3
103K
1
04}j>'
24,
120
3
140
-
t
-
-
...
...
an
City Railroad Stocks and Roods,
1
Produce Exch.
Relief
Republic
Ridgewood
200,000
200,000
St.Nicholas...:
Standard
Star..
200,000
200,000
300,000
200,000
200,000
300,000
250,000
300,< 00
250,000
200.0i 0
Sterling
Stuyvesant
[Gas Quotations by George II. Prentiss, Broker, 31 Broad Street.
|
Tradesmen’s....
Ga s Com pani hs.
‘ Amount.|Period.I
Far.
j
Brooklvn Gas Light Co
Citizens’Gas Co (Bklvn)
do
bonds
Harlem
Jersey City A Hoboken
Manhattan
Mutual, N. Y
do
bonds
Brooklyn
do
New York
scrip
do
do
bonds
do
certiiicates.
Central of New York
do
...
,
315,000 j
|
1,200,000! Var. j
Rate.
5
3
Bid. Ask.
Jaii.,
120
55
95
40
135
175
122
101
70
102
55
80
x-9718
127
62
100
50
145
185
127
104
75
105
65
87
99
22
T9
’98
Fkib., ’78
11,850 000: F.&A.j
750,0001 I. A J. 7Jt> •Jau., ’79
5
du e, ’79
|4,000,000! J.&J.
5
12,500,000 j 1 .AS
Feb., ’79
! 1,000,0001 M.&S j 3 'r£ Feb., ’79
5.000.000 Quar. j 1^-Apl., ’79
1,000 ; 1,000,000 F.A A.
25 11,000,0001 Var
’79
j 3
Va
] 700,000. M.&N.I 3^'May, ’7 *
100 14,000.000 M.&N.| 4
vay, ’79
10 : l.ooo.ooo I. A d.i 3H Jau., ’7H
1.000 I 300,000' M.&N.I 7
’97 90
Yar.
300,000' J. A J. 34; •Jan ’79 70
50 |
F.A
A.
3
T9
466,000!
60
[Feb ,
50 ; 1,000,000! Quar,
2
dan
’79 70
Var. ! 1,000,006; J. A J
3b; 'an., ’79 85
100 '1,000,000! M. AN.
24. May, ’79 45
100 : 1.500.000 j
3
r
eb., T9 115
I 750,000! M. &N.( 0
’88 104
0.1 7
scrip
Metropolitan, Brooklyn
Municipal
3
964>
80
,
70
80
95
55
120
107
.
bonds
United States..
Westchester...
WiBiamsb’gC
May, ’79
,
do
ro
1,C0() !
Var.
*
.
People’s (Brooklyn)
Williamsburg
2,000,000,
50
20
50
100
V
100
Metropolitan
Nassau,
25 i
20 i
Date.
[Quotations by H. L. Grant, Broker, 145 Broadway.]
*
Over all
scrip.
-
.
Brooklyn Oily—stock
900,000 J. A J.
69 4,000: J.&J.
2,100,000 Q-J.
1st mortgage
1,000
Broadway (Brooklyn)—stock.
Brooklyn A IIante?''* I*t—stock.
let mortgage bonds
Bu-shicick Av. (Il'klyn)—stock
central Fk„ A.A F. River—stk.
Consolidated mortgage bon s.
Q-F.
2,000,000
300,000 M.&N.
200,000 Q-J
400,000 A. A O.
300,000 i J A rj
500,000'
1,800.000 jVa j‘
100
•
100
1,000
•
100
1(H)
.
1,000 1,200,000 d. A D.
100 1,200.000 Q-F.
Dry Dock, K. B. A Battery—stk.
1st mortgage, cons’d
500Ac
900.000 J. AD
100 1,000,000! d A .1.
Eighth Avenue—stock
1st mortgage.
1,000
203.0(H) J .Ad.
2d St. A Grand St ferry— stock
100
M.&N.
748,000j
1st mortgage
1,000
230,000: A.AO.
.
Central Crosn ’down- stock.
1st mortgage
100
..
Rouston, West at.ARac.F'y— stk
1st mortgage
Second Avoiiuc—stock
3d mortgage
Cons. Convertible
100
500
100
*
Tine column
snows
I,199,500
1,000
Extension
ftxlh Avenue- stock..
1st mortgage
third Avenue—stock
1st mortgage.
lumnitj.i.hira Street—etocK...
1st mortgace
600,000
200,000
250,000
500,000
1,000
.
.
m!an.
Q.-F.
150,000; A.&Q.
1.000 II,050,000, M.&N.
L00&C. j 2oo,o(h) ; A.A (>.
J00 ! 750.000. M.&N.
1,000
415,000 ■J. A J.
100 12,000,000 Q-F.
I0O
1,000
last uivideuu
ou
| 600,0001 J
I
J’ly.lHOO
Apr ’79
7
June, ’84
34> Mar, ’79
7
Nov., ’80
3
Apr., '79
3
7
3“
7
2
7
0
7
0
7
7
,
A d.
250.0001 vf.ANi.
7
2
7
7
7
5
7
4
7
4
7
stuck#, but tne elate ot
20
90
05
101
140
110
150
100
102
100
130
102
135
.T » n.. ’79
Dec. 1902
40
97
90
105
May, ’79: 85
du
e,
’93 102
Jau., ,,*y
Jan.,
May,
Apr.,
100
*84 100
140
'78
’93 105
Nov.iboi
Jniv,
’94
Apr., T8
Apr ’^5
,
May, ’88
Sept.. ’83
May. T7
July, ’90
95
10
80
30
95
7)
70
85
105
n».y, ’79 118
Inly,’90
97
95
Feb ,’79
O-v. ’93,102
.
-
110
155
115
40
100
20
80
32 4>
100
75
0-23
12J£
10
14
10
12
10
20
Jan., ’79 5
dan., ’79. 5
Jan., ’7n. 5
M’c
1
’79
5
dan., ’79.10
Jau
,
da
Jan.,
Jan.,
Jan.,
dan.,
dan.,
dan.,
Jan.,
Jan.,
Jan.,
JaD.,
Jam,
Jan.,
dan.,
da
..
Feb..
80
150
10«
90
’79. 5
’79 8
’79. 5
’79. 5
’79. 8
’79. 5
’79. 6
T9. 5
’79.10
’79.10
’79. 5
’79. 8
’79. 5
’79.10
’79. 5
’79.10
’79. 7
85
140
120
85
170
.....
70
Jan., ’79. 5
115
116
235
109
190
110
120
65
Jan., ’79. 0
Apl., T9. 4
dan., T9.10
Jan., T9. 0
Jan., ’79.10
Jan., ’79. 0
Jan., ’79. 5
Jail., ’77. 34,
Jam, ’79. 5
Jan., ’79. 5
•Tan., T9. 5
Jan., ’79 10
dam. T9
8
Feb
Jan
’70 5
’79.6*23
,
Jan., T9. 0
Feb., ’79. 5
Jan., ’79. 5
VO
Jan., ’79. 5
da m, ’79. 0
Feb., ’79. 5
Jau., ’79.10*
125
105
198
135
no
t Inclusive of
City Securities.
Interest.
Prick.
Bonds
Rate.
Nt 10
Months
Payable.
Bid. Ask
due.
York:
Water stock
1841-63.
Croton water stock. .1845-51.
do
do
..lSf>2-60.
Croton Aqued’ct stock.1865.
do
pipes and mains...
io
reservoir bonds
5
5
0
Central Paik bonds. .1853-57.
do
..1853-65.
uo
Dock bonds
1870.
do
1 r 7 5.
do
1865-68.
1869.
go
Consolidated bonds
var.
Street imp. stock
do
do
New Consolidated
var.
var.
*
0
7
6
5
0
7
6
7
0
7
6 £•
6
7
0 R.
7
Feb., May Aug.A Nov.
do
do
do
do
do
do
1880
1890
1883-1890
1884-1911
1884-1900
May A November.
Feb.,Mav, lug.A Nov. 1907-1911
do
do
do
do
May A November.
May A November.
do
do
do
do
do
do
do
do
do
do
January A July.
do
do
1898
1895
1901
1898
100
104
K’4
100
110
1(9
108
in
105
107
109
121
110
109
ino
107
!2l
122
109
107
1894-1897 118
119
!07
1889
1879-1890 102
113
1901
1888
102J4
1879-1882 102
113
118
1896
1894
1C8
110
115
105
105
115
119>
[Quotations by N. T. BKKRs.Jr., Broker. 1 Now st.]
92JJ
35
94
175 011
171,318
49,231
144,517
181,302
231.331
175,619
450,317
34>
10
10
13
12
25
20
15« 16
10
10
11*51 12 35
15
174i
10
10
20
16
25
20
16
10
10
10
20
20
n.. ’79. 5
[Quotations by Daxikl A. Mohan, Broker, 40 Wall Street.]
ImprDvementstock.... 1869
12
85
02
Oct.. ’76 90
1888
100
85
....
j.'&'.i!
1,000 I ,000,000 J.&J.
.
7
2
1,500,000 J.&D.
10
i,4i Jan.. '79
71,994
205,204
103,095
39,020
....
10
12
11
20
20
20
18
20
10
10
10
10
10
10
20
5
10
10
10
10
10
12
10
20
20
10
10
12
20
10
20
14
N’nc
N’ne
11
10
30
12
20
12
15
\’iie
10
5
10
20
16
9
i
dan.. ’79. 5
dan., ’79. 5
Jan., T9. 3*.
liabilities, including re-insurance, capital and scrip,
Market stock
*
Bite 'tor St.tt Fultonferry—aik.
100
1st mortgage
1 1,000
Broa hoay A Seventh Are—stk..
1P0
1st mortgage
1,000
200,000
32,968 10
200,010 1314,003 10
199,901 20
150,000
27,884 10
280,000
150,000 156,597 20
200,000 116.473 10
55,005 10
150,000
200,000 281,942 20
71,541 10
800,000
200,000 202,281 11
250,000 241,421 14
200,000 281,637 30
150,000
186,569 20
51,386'10
200,000
200,00
206,979 20
114,189
20
200,001'
200,000 174,081! 25
124.331 T0
200,000
210,000 324,262 20
200,000 160,005 20
24,571
200,000
55,001 10
300,000
500,000 455,012 10
350,000 112,717 12
200,000 420,132 30
200 000
103,552 20
150,000 200.474 20
108,104'20
150,000
[31,322 20
000,000
200,000
814
59,4-49 10
200,000
10
34,073
300,000
Rutgers’
Safeguard
10
10
10
10
10
10
12
12
13
10
20
10
20
10
10
20
10
12
20
30
20
10
20
18
20
14
20
17
i
Nassau (Bklyn)
National
N. Y. Equitable
New York Fire
N. Y. A Boston
New York City
Niagara
North River.
Pacific
Park
Peter Cooper...
People’s
Phenix (Bklyn)
31*
•Jan.,
3^
4
May,
Jan., ’79. 4
\
Lorillard
75
$ Tne figures in this column are of date April 4,1S79,
for the National banks,
O: uate Mch.
15,18.9, for the State banks.
Ga« and
Knickerbocker
128
75
124,537
685,899 10
78,847 10
200,000
3,000,000 1.363.4J-9 10
1*0.000
15,909 10
500,000 206,609 12
200,000
111,928 12
Jefferson
89
24$
3
4
4
3
200,000
150,000
500,000
Importers & T..
Irving
140
0
July,
Feb.,
’79.
’74.
’79.
’77.
’78.
’79.
’79.
’79.
’79.
’78.
’79.
’79.
130
00
34?
2>4
500,000
200,000
200,000
Howard
34> 126
4
4
4
3
1,000,000
Hope
4
^
2
0
,
j
t
3
4
150,000
150,000
200,000
Hamilton
Hanover...
Hoffman
Home
34*
Jan., ’79. 34$
8
8
8
131
8
6
6Vd
3
10
10
7
7
3
3Jv 128
3>s
204,000
Greenwich
Guardian
4
-fan.. ’79. 3
Jan
....
7
4
3
5
200.010
200.000
..
....
7
14
8
3
11
8
14
8
A d
I. A d.
.
.
3"
....
Leather M an uf. 100
600,000
Manhattan*..
50 2,050,000 1,017,500 F. A A
Manuf A Afer.* 20
j.0)0 J. & d.
100.000
Marine...
'JS.900 I.&.J.
100
400,000
Market
100
263,500 d. A d.
500,000
Mechanics’
25 2,O:i(M)0Oi 927 900 J A d
Mech. Assoc’n.
76,300 M.AN.
WHLO00
Meth’ies & Tr. 25! 300,000
93,900! M. AN.
M rcantile
202,700
M &N.
io(7! 1,000,000
Merchants’.
5012,000,000 664,700 J.&J.
Merchants’ Ex. TOT,000,“
219,100 J. A d.
Metropolis*.
3s, 100 1. A J
Metropolitan
J. A J.
3,000,000
Mnrrav Hill*.. 1-00
1001)00
78,100
Nassau*
100 1,000,0
51,200 M.&N
New Ytr100 2,000,000
654,soc J. A d
.N. Y. Cbiintv,. 100
» 9,800
200,000
I. A d
N. Y. jn. Lxeh. poo
<0,200, F. A A,
300,000
Ninth
TOO’
750,000
38,400.J.-A J .
No. America":". 1 70
58,300 n
700,000
North River*.
50
78,200 J. A d.
240,000
Orlentai*
25
300.000
160,800 d. A d
Pac he'
50
422,700 210,0 )t‘ Q-F.
Dark
100 2,000,000
226,300 I. A J.
People’s*
251 412,500
131.000 •I. A d
Phenlx..,.
20 1.000,000
141,100 J. A J.
Produce*
100
r»i ■.
193,600
Republic
100 1,500,00
984.700 F. A A.
St. Nicholas... 100
:00,"00[ 114,700' F. A A
Sevenu a ard. 100
300.000
60 100; J. A d.
Second
100
70,600 J. A d,
300,000|
Bhoe A Leather 100
500.000
2d,600| J. A d.
Sixth
100
42.300U. A J
200,000j
state of N. Y.. 100
800,000! 385,t:00t M.& N
Third
100 1,CO",000)
33.200 •J. A d
Tradesmen’s. .*.* 40 1,000,000 249.509 J. & d
Union
50 1,200,000
666.300 M.AN
v\eat Side*
100
200,000
93,400 I. A J
..
da-’., ’*.7.
Exchange
Farragut
Firemen's
Firemen’s Fund
Firemen’s Tr
FranklinA Emf
German-Amer.
Germauia
-Nov., *75. 3
"i
300,000
200,000
Empire City—
,
.
10,900 j. A J.
1,786,200 J.
Continental....
Eagle
5
3
,Jan., *79
May, *79. 34>
A pi
’79. 3Va
Fen., ’74. 3
May, ’79 5
May, ’77. 6
May.
May.
55.0001
pi!, ’79!
A
Brooklyn — Local impr’em’1—
City bonds
Bridge bonds
7
7
7
7
7
Waier loan
0
do
P irk bonds
Water loan bonds
City oonas
Kings (bonds..
.
do a
do
0
7
0
Park bonds
Ja iuary
do
do
do
do
uo
do
Mair
do
Ar
& July,
io
Jo
do
do
do
do
VfiTPmhKr
do
January & July,
Bridge
•Alt Brooklyn bonds flat.
do
do
1819-1880 101
1881-1895:102
103
111
1915-1924 125
1900-1924 122
1904 1912! 121
128
127
18*9-1905! 112
1144s
1881-18951104
109
108
107
117
117
1880-18*31103
183-1-1885:101
1924
,114
1907-1910 113
1*27
I
[Quotations.by C. Zabri&<rik, 4; Montgomery 8i., jersey City.]
75
100
115
J20
100
100
1034;
maturity of bonds.
vey Oily—
Watei loan, long..
<lei
do
.1869-71
.1866-69.
Sewerage bonds
Assessment bonds.. .1870-71.
Improvement bonds.
.1863-69.
Bergen bonds
0
7
7
7
7
7
January A July.
January a J my.
do
do
Jan., May, Jnlv A N’ov.
J. A J. and J A D.
January and d til v.
1895
97
1899 1902 102
1878-1879 93
1878-* 819 08
IS'!' 94
98
1900
98
TOO
i 103
.1100
ji 0
,100
!100
June 7,
577
THE CHRONICLE
1870 J
$267,644
178,870
earnings from May 1,1878, to May 1, 1879
Operating expenses for same period
Gross
imrcstwcuts
&
Net earnings
The President says:
“
The expenditures made
AND
STATE, CITY AND
CORPORATION FINANCES.
$88,774
;
by us during the years prior to May
1, 1878, for construction account, had been in excess of the net
earnings of the company during the said years. For that
reason, the amount expended in permanent improvements dur¬
is published on the last Saturday
to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the ing the past year has been decreased. The amount so applied
during the year ending May 1, 1879, has been $23,905, and’a
office, as only a sufficient number is printed to supply regular detailed account of the objects
of such expenditure will be found
subscribers." One number of the Supplement, however, is bound
annexed to this report. Three hundred tons of new steel rails
up with The Financial Review (Annual), and can be purchased have been laid on the road, and provision has been made for
in that shape.
laying 500 tons more during the coming summer and fall.”
The following are the general features of the contract with
ANNUAL REPORTS.
the New York New Haven & Hartford Railroad:
First—Tlie gross earnings of both of said companies are pooled, and our
company receives as its share of the said pooled earnings six per cent of
Boston Concord & Montreal Railroal.
the gross amount thereof.
(For the year ending March 31, 1879.)
Second—We retain the entire control of the operation and management
of our own road, defraying the operating expenses out of our share of
The directors submit their thirty-third annual report:
The Investors’ Supplement
of each month, and furnished
EARNINGS AND
the said gross earnings.
Third—We aro secured,
EXPENSES.
Expend itures.
Earnings.
Maintenance of way
motive power.
$243,451
315,734
Passengers
Freight
$103,730
49,237
without charge, all the facilities and privileges
requisite for the efficient discharge of our freight and passenger traffic
at the city of New Haven, on terms entirely satisfactory to the direction
of this compauy.
the
arbitration,
22,205
term
Miscellaneous
5,735
the percentage
$590,550
$388,931 may be in like manner re-adjusted by a further arbitration, and such
may be bad at the option of either party to the agreement,
Net balance
$201,018 re-adjustments
at the expiration of any period of five years thereafter.
The gross earnings for the year ending March 31, 1879, have
Fifth—Our company is only to be required to do local business.
Sixth—The agreement is to remain in force for the period of 999 years
been $590,550. The gross earnings for the year ending March
and eight months from the first day of February, 1879, but is subject to
31, 1878, were $654,272. The expenses for the year have been the ratification of the stockholders of both companies, at their next
$388,931. The expenses for the previous year were $453,171. annual meeting, to be held after the making of the said agreement.
The decrease of gross earnings for the present year is $63,721,
Your management are of tlie opinion that the operatingand the increase of net earnings is $518, and the expenses have expenses of your company, while operated as a local road,
been reduced $64,239. The falling off on gross receipts has exclusive of construction account, will not exceed $8,000 per
been largely on freight and on account of the continued month. The relief from the very burdensome charges which
depressea condition of business.
were heretofore imposed upon us for all New Haven business is
No new contracts have been completed, but a temporary ar¬ a matter of
great moment, and will largely tend to increase the
rangement has been made with the Burlington & Lamoille Valley net earnings of the company. The amount of our share of the
Railroad, in connection with the Portland & Ogdensburg RR., gross earnings, now fixed at six per cent, based upon the actual
for a new line for the transportation of freight and passengers business done in the year 1878, will be about $250,000 per
from Burlington, by way of the Montpelier & Wells River Rail¬ annum. The actual experience which we have had under this
road, to Woodsville, and then over our road by way of Fabyan’s contract for the months of February, March and April, 1879,
and the Portland & Ogdensburg Railroad to Portland; this line,
gives the following result:
if it shall be found profitable, as it now seems probable that it
Operating expenses.
Receipts$9,047
$17,842
will be, can be made permanent for a term of years.
February
7,581
20,907
The road has disposed of the consolidated bonds to the March
April
8,591
21,119
amount of $243,000, which have been applied to take up a
$59,869
$25,220
portion of the overdue bonds of 1865 and 1875.
25,220
Of the sinking fund bonds there are now outstanding but Total operating expenses for three months
$202,000 on which interest is paid, the company holding $116,Net earnings for three months
$34,649
000, and the trustees of the fund $306,000. Of the outstanding
With regard to the subject of the periodic re-adjustment of
bonds of 1865 and 1875, as appears in the trial balance, the road
our percentage, your officers believe that the business actually
has paid for and is carrying $147,500, leaving a balance of
done by your company will secure its determination at a figure
$34,700 to redeem.
at least equal to that which we now receive; and that by close
The report says: “ It would have been a source of gratifica¬
attention to the development of our local traffic, we can in the
tion to the directors to have been able to have brought the pro¬
near future show ourselves to be entitled to receive a higher
posed consolidation of the different classes of stock to a
conclusion during the year; but it was found that, in conse¬ percentage.”
continued depression of business and the
quence of the
GENERAL INVESTMENT NEV7S.
diminished receipts, that it would have been impossible to have
paid a dividend on the consolidated stock at the rate upon which
Atlantic «fc Great- Western.—lhrapath's Railway Journal
the basis of consolidation had been proposed; and the directors
gives
the following :feel reluctantly compelled to ask the stockholders to still
STATEMENT OF DEPOSITS.
further delay the accomplishment of a result so desirable for
Amount
Total deposited
still out.
the stockholders and so important for the interests of the road;
Total issued.
May 1, 1879.
$756,823
$14,411,377
$15,168,200
the more favorable indications of the business for the next year, First mortga: :e...,
2,554,748
9,430.252
11,991,000
Second
“
and in the future, lead them to believe that this result need be
2,551,334
26,232,666
28,784,000
Third
“
delayed but a short time longer.”
TRIAL BALANCE MARCH 31, 1S79.
Total.
$55,913,200
$50,080,295
$5,862,905
Cr.
Dr.
The following is an account of the gross earnings, expenses,
Construction
$2,850,000 StockOld dividends, etc.
$459,600 and net earnings, &c», for the past year:—
Wood, oil, etc., on hand
59,663
800,000 Earnings from January 1 to December 31,1S78
Preferred
$3,7L>.20t*
fcftock, etc., on hacd for
Cost of working road
Cost of management
Miscellaneous
10,628
Mails
9,000
Express
195,429
18,207
Fourth—Our share of the gross receipts may lie re-adjusted on
demand of either party, on the first day of October, 1880, by
the amount fixed by such arbitration to remain unchanged for the
of live years thereafter. At the expiration of live years
“
“
«■
______
.
.
.
,
540,400
New
103,741
.repairs
201,500
fund
Pemigewasset House...
Joseph A. Dodge, gen'al
Trustees of sinking
$1,800,000
16,000
Coupons due and unpaid
29,226
manager
Purchase of White Mts.,
N. H., Railroad
Extension of WliiteMts,.
N. H., Railroad
Branch RR. to Mt. Wash.
Cash on hand for cou¬
pons unpaid
Cash on hand for divi¬
dends unpaid
2,527,200
Bonds
Dividends
“
“
Di vi’nds due and unpaid
since May 20, 1867...
Profit and loss
300,000
790,000
379,000
1,162
1,448
10,296
582,485
$4,922,592
1,162
|
April 30, 1879.)
report, lately submitted, we obtain the
statement of the earnings and operating
of this company from May 1, 1876, to May 1, 1879, is
(For the year ending
expenses
made as follows:
Gross earnings from May 1, 1876, to
Operating expenses for same period
earnings
earnings from May 1, 1877, to
Operating expenses for same period,
May 3,1877
Net
“
Profit and loss
General expenses
General interest and
exchange
-
Dayton yard, track,
May 1,1878
-
$174,355
126,752
$17,602
$265,925
188,443
77,482
INCOME.
Railroad..
Sharon Branch
Sharon Railway
“
&c-
income.
Deficiency
Air Line.
From a very brief
facts below. A general
Net earnings
Use of foreign ears and engines
Rent of Cleveland A Mahoning
Rent of docks, lots, Ac
Total deductions from
Boston & New York
Gross
DEDUCTIONS FROM
Rent of
180,553 I
$1,922,592
$772-348
earnings
Net
Taxes
11,744
Cash and bonds on h’ud
2,972,858
Operating expenses
$335,494
274,272
7,780
3,000
25,915
1,547
33,858
24,490
96,500
.
1,606
804,4C2
$32,114
Central Iowa Railway.—The bondholders’ committee of the
Central Iowa Railway Company held a meeting at the general
office of the company at Marshalltown, Iowa, May 28v and
elected the following directors: P. V. Rogers, Utica, N. Y.;
Isaac M. Cate, Baltimore, Md.; 0. L. Burdette, Leominster,
Boston, Mass.; F. D. Tappen, Rus¬
and James Buell, New York City.
The new board met at the Windsor Hotel, New York City, on
June 4, to organize, and after a long discussion the foliovving
offieers were elected by just a majority, the directors standing,
it was said, 6 to 5 : President, Isaac M. Cate, of Baltimore;
Vice-President, Russell Sage ; Superintendent and Treasurer
Mass.; Charles Alexander,
sell Sage, Edwin Parsons
578
THE CHRONICLE.
D. N. Pickering, of Iowa ; Executive committee—Rus¬
Sage, C. Alexander, of Boston, and G. E. Taintor.
[VOL. XXVIII.
pr.o Urn.,
GROSS AND NET EARNINGS FROM CHICAGO BUSINESS FOR 4 13-31 MONTHS.
sell
1,030,936 tons at the average rate of 20*3 cents per 100 lbs.
actually charged
$4,219,188
Cost of transporting 1,036,930 tons at average rate of $3
per ton
3,110,808
Chicago & Northwestern.—Chicago, June 5.—The following
were elected at the annual meeting of the North¬
western Railroad to-day: A. G. Dulman, Albert Keep, M. S.
Sykes, Augustus Schell, C. M. Depew and Samuel F. Barger.
directors
It is understood that the three last named were elected in the
Vanderbilt interest. The annual statement is as follows: Earn¬
ings, $14,582,516; expenses, $12,312,633; net earnings, $2,269,883—which is equal to 7 per cent on preferred ana 5 per cent
on common
stock.
Citv of Providence Loan.—The
$600,000, having 20
to
years
cent, has been awarded to
Boston and New York.
District of
•
earnings
If rates had been
have been
on
account of reduction in rates have
maintained, the total net
$1,108,380
1,840,494
revenue
would
$2,948,874
In conclusion, attention is called to the
following facts:—
That on roads on which the cost of transportation is
greater
than 15 cents per 100 pounds from Chicago to New York—and
this is the case on most roads—a still greater reduction in ton¬
City of Providence loan for
and bearing interest at 4/£ per
Messrs. Blake Brothers & Co., of nage could be made, if rates
run,
.
olunihia.—The United States Senate, on June 4,
passed the House bill authorizing the issue by the District
of Columbia of bonds to the amount of $1,200,000.
The bonds
will bear interest at 5 per cent, and be used for funding pur¬
poses. They are to be sold to the highest bidder, at not less
than par.
East-bonud
Net
The losses sustained
been
Railroad
Freights.—At the meeting of the
Niagara
Chicago eastward was
agreed upon. It gives to Lake Shore and Michigan Southern,
26 per cent.; Michigan Central, 31; Baltimore and Ohio, 9;
Pennsylvania Railroad Co., representing the Pittsburg Fort
Wayne & Chicago and Pittsburg Cincinnati & St. Louis
roads, 34. The lines are to carry only their pro rata amount.
The arrangement is
to go into effect Monday, June 9, and be
kept “ inviolate ” till Aug. 1, 1879. No one of the lines named
can make a time contract without first
gving the others 10 days’
notice, in order that all future differences may be quietly
adjudicated. Mr. William Bliss, general manager of the Bos¬
ton & Albany Railroad, who arranged the pool, was chosen
arbitrator. The rates of freight established were as follows:
Grain from Chicago to New York, 15 cents; fourth class, 20
cents; cattle from Chicago to New York, 45 cents and 35 cents;
on hogs shipped for the month of
May from Chicago to New
York, 22/£ cents, and from June 9, hogs and sheep, 20 cents ;
cattle from Chicago to Buffalo, 23 cents and 18c.; hogs and
sheep, 12c.; from Detroit and Toledo to Buffalo, cattle, 9c.;
hogs, 8c.; sheep in double deck cars, $18 per car; single deck,
$15 per car; Buffalo to New York, cattle, 23c. and 18c.; hogs
and sheep, 12>ic. The lower rates on cattle transportation are
given to equalize the carriage of stock when taken by one line
to be transported over another route.
A meeting for arranging
a pool from all Western cities will be held in New York on
Thursday, June 12.
Commissioner Fink recently issued a very interesting circular
showing the loss on Chicago East-bound traffic owing to failure
managers and representatives of the trunk lines held at
Falls a tonnage pool on all freight from
to maintain tariff rates.
The
were maintained, before any loss
of net revenue would be incurred.
On roads on which the cost of transportation is at the rate
of 20/2 cents per 100 pounds from Chicago to
New York, or 0*42
ton per mile, no net revenue is made, and such road
could give up the whole business without
losing money.
cents per
Florida Railroads and Western North Carolina.—The
decision of Justice Bradley in the cases of the Western North
Carolina Railroad Company against the Florida Central and the
Jackonsville Pensacola & Mobile Railroad Companies and
others, and the case of J. Fred. Scliutte and others against the
Florida Central and the Jacksonville Pensacola & Mobile Rail¬
road Companies, which were all tried together, has been
delivered. Justice Bradley holds that the lien of the so-called
“Dutch” bondholders is a prior lien to that of the Western
North.Carolina Railroad Company, whose funds were fraudu¬
lently invested in the Florida roads, and dismissed the bills of
the North Carolina Company. He grants a lien in favor of the
“Dutch” bondholders against the Florida Central for $197,000
and interest for about nine years, and against the Jacksonville
Pensacola & Mobile Company for about $2,750,000 with like
interest. From this decision the Western North Carolina, the
Florida Central and the Jacksonville Pensacola & Mobile Com¬
panies have prayed for appeals. Decrees are in preparation
ordering the sale of the roads. The right of J. Gibbs to
the road from Quincy to Chattahoochie (25 miles) is reserved
for further investigation.
Kansas
Pacific.—Despatches state that Judge C. G. Foster,
Leavenworth, has
in the Circuit Court of the United States at
granted
the decree for the foreclosure of the Denver
Extension mortgage. After the payments required by the
agreement between the company and the Denver Extension
bondholders shall have been made, the property will be con¬
veyed to the company without any sale. The bondholders are
secured, however, in their right, in case of any failure to carry
out the agreement on the part of the
company.
The Awed an Exchange, says :
“Under the agreement referred to above there have been
deposited
with the United States Trust Company $1,053,938 for interest due and
$125,000 to he used in part payment of legal and other foreclosure ex¬
following is an estimate of the losses sustained on the
Chicago East-bound traffic during the period from Dec. 19, penses. The money was deposited by the Kansas Pacific pool, composed
1678 (the day oil which it was agreed to pool the Chicago of Mr. Jay Gould, Mr. Russell Sage and others, which now controls the
Kansas Pacific Company.
Payment will probably be made next week,
business), to the 1st of May, 1879 (4 13-31 months). The when the certified
copy of the foreclosure decree arrives from Kansas.
estimate is based upon the difference in the agreed rates In order to cover the expenses of
reorganization not provided for by the
and the rates as actually charged (approximately), and is sub¬ $125,000, an assessment will be levied of 1 per cent, or $10 on each
$1,000 Denver Extension bond, with the coupons and interest certif¬
mitted in order to show the great folly of the present and
past icates attached to
methods of conducting the competitive traffic of railroads, as The amount of cash it, exclusive of interest certificates ‘A’ and ‘A A.*
payment for back interest on each $1,000 bond,
well as to again demonstrate the necessity of future
co-opera¬ with its unpaid and unfunded coupons, and the $87 50 interest certificate
tion in maintaining reasonable and permanent rates of
with it, will be $152 62. Deducting the $10 assessment, $142 62
transpor¬ going
is the amount of net cash left to be paid over. The holder of the in¬
tation.
•v*.
Tons
forMonth.
warded.
Agreed Actual
rates p’r rates p’r Aver’go
100
100
pounds, pounds,
rcduc-
turn in
Aver’ge. AvT’ge. rates.
Loss
of
terest certificates ‘A’ and ‘A A’ will also be subject to an assessment of
1 percent.
On each of these certificates for $35 each there will be nayable $6 30 for back interest, from which the assessment,
amounting to
41 cents, being deducted, there will remain $5 89 net cash to be
paid.”
Lehigh Coal & Navigation Company.—The Philadelphia
I December, 13 days..
82,532
37
5
32
$82,532 Lfdgev
sayg that this company has sold $750,000 of their con¬
January
37
27
100,759
10
303,518
February
200,130
32
20
12
48*'. 312 solidated 7 per cent bonds to a Syndicate of Philadelphia, New
'March
259,031
27
18
9
400,250 York and Boston bankers, and have with the proceeds retired
April
15
298,484
22
7
417,870 one-lialf of their floating debt.
It is expected that sales will be
made of such further amount as will provide means to retire
Total..
1,030,930
$1,840,494
This loss of revenue, $1,840,494, distributed over the five the remainder of their temporary loans.
terminal roads and their Eastern connections,
Lehigh <fc Wilkesbarre Coal Company.—The special report
according to the
actual tonnage carried by each road, is as follows, viz.:
of Joseph A. Clay, Master, concerning the administration of the
Lehigh & Wilkesbarre Coal Company by the receivers appointed
Michigan Central and connections, 29 9 per cent
$550,308
Luke Shore and connections, 24/8 per cei t
450,442 February 12, 1877, by Judge McKennan, of the United States
Pennsylvania and connections, 41-2 percent
758,284 Circuit Court for the Western district of Pennsylvania, has just
•Baltimore & Ohio and connections, d’l per cent
It covers the entire period down to April 30,
75,400 been issued.
1879. At the time of the appointment of the receivers, the
Total loss
$1,810,494
company were owners or lessees of upward of 34,000 acres of
The following table shows the gross and net
earnings derived anthracite coal lands in Luzerne, Carbon and Schuylkill Coun¬
from the Chicago business for 4 13-31 months, the estimate
ties, Penn., having 37 slopes, 30 shafts, and 29 breakers, of an
being based upon the supposition that all the business went to annual capacity of 4,000,000 ton of coal. A
carefully-prepared
New York. This simplifies the calculation and
gives results schedule, taken by a committee of bondholders appointed next
sufficiently correct for present purposes—95/| per cent of the day at a meeting called by the receivers, placed the assets at
Chicago business having actual^ gone to Boston, New England, $28,922,567, and the liabilities at $31,088,042. Tlie funded debt
New York, Philadelphia and Baltimore. It is also assumed amounted to
$15,864,129, and the floating debt to upward of
that fourth-class business is 40 per cent of the total
grain and $6,000,000, i deluding $300,000 to miners for wages, $200,000 for
fourth-class business.
taxes, and nearly $1,500,000 to the Central Railroad Company of
The cost of transportation on East-bound business
New Jersey for tolls.
(including
The receivers made contracts with
the return of the cars) is estimated at twelve cents
per 100 Charles Parrish and Edward B. Leisenring to work the Wyom¬
pounds from Chicago to New York, and three cents terminal ing Division and Honeybrook mines, respectively, and those
charge, a total cost of $3 per ton. This may be considered the contracts have been renewed to date. The claim of G. G.
lowest possible cost at this time, being only 0.35 cent per ton Haven &
Co., for $75,734, was settled by giving them 80 consoli¬
per mile; the average cost on the Lake Shore and
Michigan dated bonds of the company, and a like number of bonds of the
Central roads during last year was 0*474 cent per ton
per mile, Central Railroad of New Jersey. Property leased by Henderson
equal to the rate of 22*8 cents per 100 pounds from Chicago to Gaylord and others to the company in 1871 was,.under a decree
Kew York.
of the court, given up, together with improvements valued a
revenue.
June 7,
1879.]
THE
CHRONICLE.
579
LoiiisviILh <fc Nashville.—A press dispatch from Louisville,
$106,990, and $25,013 in casli, as an equivalent for arrears of
rent, royalty, &c., due the lessors. The claim of the Bank of Ky., May 30, said that the City Council had ordered a sale of
New York, amounting to $172,431, including interest, was the stock owned by the city of Louisville of the Louisville &
settled in full, $56,650 of income Bonds of the company being Nashville Railroad Company, without limit as to price. Louis¬
taken in part payment, the bank surrendering $11,500 of past- ville owns 18,500 shares, which at the present valuation are
due coupons. To raise part of the necessary money, 290 bonds worth $1,128,500. The proceeds of the sale of this stock will be
weTe sold for $99,247.
The Diamond Mine, one of the largest devoted to reduction of the city’s debt. Hardin County, Ky.,
owned by the company, fell in about the middle of February, and Davidson County, Tenn., which own about 6,500 shares,
1877. l^he receivers agreed to assume half of the expense of have also determined upon a sale of the stock. A later dispatch
repairs, and the contractor the other half. So far the receivers stated that the question of selling the stock owned by the city
have paid out $58,575, and $10,000 more will be required to of Louisville will have to be passed upon by a vote of the people
complete the work. The mine was expected to be in working after 60 days’ notice. A vote will be taken on Monday, August
order by June 1. The Lehigh mines in Carbon County were 1,1879.
surrendered to the lessors, the Lehigh Coal & Navigation
Macon & Aiiffiista.—The Georgia Supreme Court has affirmed
Company, under the following circumstances : The loss on the judgment of the Circuit Court and refuses to grant the
mining under the lease had amounted to $700,000, beside which injunction against the sale of this road under the second
there was rent due to the amount of $194,206 and interest, and
the company owed the lessors a further debt, including interest, mortgage held by the Georgia Railroad Company. The trus¬
tees uncler the mortgage can proceed to sell the road on giving
of $415,070. The lessors allowed as credits against these sums
and others in dispute the appraised value of the company’s sixty days’ notice.
Memphis City Debt.—The State Supreme Court in Ten¬
personal property located on the mine;s, aggregating $383,093;
nessee has decided
the act of the Legislature to be con¬
mortgage on Providence Pier, $130,000; canal-boats, at valua¬
tion, $75,800 ; $333,000 coal bonds at 50 per cent, $166,500, leav¬ stitutional which repealed the city charter.
The opinion
ing a balance due the receivers of $31,934, for which the Lehigh rendered says :
Coal & Navigation Company gave its monthly acceptances.
Municipal corporations are within tlie absolute control of the legisla¬
The claim of Messrs. Ashley & Co. for 57,301, including inter¬ ture, and can be abolished at any time in its discretion, and an act which
the charter of a single municipal corporation is constitutional.
est, for wages of miners was paid in full, $15,000 of the amount repeals
An act which grants municipal franchises to a community within the
being given in receivers’ certificates and $15,000 in Plymouth territorial limits of certain districts, in order to provide means of local
Water Company stock. The claim of E. G. Brown for $1,065 government, and creates agencies and governing instrumentalities of a
d corporation, with the usual legislative, executive and judicial
was settled by an account, in coal for that amount.
The claim municip
powers, although it may style the creations taxing districts, in reality
of Messrs. Conyngham & Payne for $85,000, as security for
organizes the people and territory of districts into municipal corpora¬
which they held acceptances secured by bonds of the Crystal tions. An act which provides that the several communities embraced in
the territorial limits of all such municipal corporations in this state as
Spring Water Company for $80,000 and a receiver’s certificate have
held or may have charters abolished, or as may surrender the same
for $15,000, was paid, with the exception of about $13,000, which under the
provisions of the act, are hereby created taxing districts in
will soon be adjusted.
order to provide means of local government, for the peace, safety and
In 1877 and 1878 the receipts aggregated $10,070,061, and the general welfare of such districts, and further provides for flic surrender
disbursements $9,965,423, leaving a balance Jau. 1, 1879, of of all charters of municipal corporations in the state, to enable commu¬
nities within their limits to be governed by the new act, is in form
$104,637, Of this the receipts from the company were $355,059, a general law, and cannot be hold as being intended as a special law,
and the payments on account of the company $1,001,150. The even if the courts can inquire into the intention of the legislature.”
receivers’ receipts were $9,715,001 and the receivers’ payments
N. Y. City Elevated Railroads.—The Directors of the Man¬
$8,964,273. The receipts from coal mined in 10/£ months in hattan Company met and formally ratified the leasing of the
1877 were $4,455,436, and the expenses of mining $4,292,049, two elevated railroads. With
regard to the cash payments
leaving a profit of $163,385. The earnings from other sources which the Metropolitan and New York companies are to make
were $47,805, and the other expenditures $47,826, leaving an
to the Manhattan Company, the President of the latter said
actual surplus of $163,365, which was applied to part payment
that the payment to be made by the Metropolitan Company is
of interest on the prior mortgages. The deficiency was $59,665,
to include $2,650,000 of the first mortgage bonds of the com¬
making the total interest accrued to Dec. 31, 1877, $102,772. At pany, this amount being bonds which have been issued but
that date the assets and liabilities of the receivers, excluding
never put on the market.
The total of $9,000,000 which the
the business of the company, were: Liabilities, $1,201,477;
Manhattan Company receives from the other companies is to be
assets, $1,141,812. The receipts from coal mined in 187S were used in the completion of the two rapid transit lines.
$4,166,720, and the expenses of mining, $3,745,938, leaving a
The New York llerald reports the following as to the traffic
profit of $420,782. The earnings from other sources were and earnings of the two elevated roads :—Just one year ago the
$123,260, and the other expenditures $87,411, making the net era of rapid
transit was fully inaugurated by the opening of
profits $456,631; but out of this the receivers paid the interest the Metropolitan on Sixth avenue. The Metropolitan, which
on the prior mortgages,
including the deficiency of 1877, has run only on 313 week days (the road having been closed on
amounting in all to $315,542. On Dec. 31, 1878, their ac¬ Sundays) has carried thus far over fifteen million passengers,
count stood: Assets, $807,242; liabilities, $666,153; surplus,
or, in exact terms, 15,060,401, or an average of 50,000 per day.
$141,088.
Holders of $4,600,000, out of $5,384,000 of the consolidated During the last month the average was 52,803 a day, and the
low average of 50,000 is explained by the falling
bonds of the company owned by individuals, have agreed comparatively
off in the travel during July and August last. The receipts, as
to surrender three years’ coupons, commencing December, 1876,
furnished and verified, have been $1,213,845 52, or about $4,000
and to receive instead income bonds payable in ten years. The
Central Railroad Company of New Jersey, which owns $6,116,- per day, the present average being about $4,200. The Metro¬
000 of similar bonds, agreed to cancel their coupons for the politan road’s 15,000,000 passengers have, on an average, paid
about eight cents fare.
same time, and make their interest secondary to that of the
The New York Elevated line was opened on August 26 as far
others. It is proposed to issue $500,000 of five-year bonds
as the Forty-second street depot, on September 16 as far as
secured by unincumbered real estate, the Central Railroad Com¬
Sixty-seventh street, and on December 30 to Harlem. Rapid
pany having agreed to remove their liens from the property transit on the East side has therefore been only fully in opera¬
for that purpose, the new bonds to be offered to the creditors
tion for little over five months, for while the Third avenue
of the company on terms in settlement of their claims, and to
alone now averages over 80,000 passengers a day, it carried only
issue to the Central Railroad Company $1,510,316 income bonds,
20,000 while running to the Grand Central depot, and from
and a general certificate of indebtedness of about $3,000,000,
40,000
to 50,000 while running to Sixty-seventh street. Since
with $900,000 of consolidated bonds as collateral security in
the Third avenue road has been opened, it has run 5,793,506
satisfaction of the debt to them. It is believed that these
miles, and carried over seventeen million passengers, or exactly
measures will result in a considerable reduction of the total
while the Ninth avenue road during the same time
amount.
The Lehigh Navigation Company have agreed to 17,542,264,
carried nearly four million passengers., The growth of rapid
accept 3 per cent on their loan of $500,000 for five years from transit is strikingly shown by some of the figures furnished by
December, 1877, thus saving $15,000 annually. The owners of
Secretary Cowing. The present road was opened on Ninth
three-quarters of the Wadhams second mortgages have agreed avenue on the morning of the 3d of January, 1872, and for the
to extend the payment of the principal ($300,000) for five years
first nine months carried 137,446 passengers, or about fifteen
from its due date, and to accept 3 per cent interest per annum,
thousand passengers per month, the number now carried on
thus saving about $9,000 annually.. The Larue colliery bonds,
Ninth avenue per day. For the next twelve months—to Octo¬
amounting to $150,000, have all been redeemed, and the mort¬ ber, 1873—the road carried 143,275 ; to October, 1874, 796,072 ;
gage canceled. Small mortgages amounting to about $10,000 to October, 1875, 920,571 ; to October, 1876; 2,012,953; to Octo¬
have been paid in full. Proceedings for foreclosure have been
ber, 1877, 3,011,862 ; and to October, 1878, when the Third
begun on the Hakes & Hunloek mortgage of $60,000, and the avenue road had only just been opened, 4,916,322. The Third
Petty & Post mortgage of $78,000; but negotiations are in avenue road’s receipts since it has been opened have been
progress for an extension of time on the principal and a reduc¬
$1,333,060. On Monday last the New York carried 105,758 pas¬
tion of the rate of interest. The receivers have sold the
sengers, the largest number ever carried by the road, while the
Brooklyn property and coal yard for $18,000. The retail coal heaviest receipts the road has had were on Decoration Day—
yards in New York and Jersey City have been given up and the namely, $7,908. The heaviest day of the Metropolitan was
personal property sold. No agreement has been effected with Christmas Eve, when the receipts were $5,070.
the New York & New Haven Railroad Company in regard to the
N. Y. Lake Erie & Western.—A meeting of stockholders and
New Haven Pier property. To put it in working condition
would require an outlay of $40,000 or $50,000. Certain lessors bondholders of the Erie Railway Company and the New York
have reduced their annual rentals by $41,500, and have remitted Lake Erie & Western Railroad Company was held recently in
$50,000 of arrears. Other negotiations for reductions are London for the purpose of hearing an account of the action of
pending. The receivers have reduced the floating debt to the the reconstruction trustees. Sir E. Watkin, who presided, said
nominal sum of $4,680,827. The arrangement with the Central that, thanks to the firm attitude of the English stock and bond
Railroad Company of New Jersey, before mentioned, will leave holders in the Erie, there had been a marked increase in the
only $219,000 outstanding, and the receivers propose to arrange selling price of about 120 per cent. A remarkable change in
this sum out of the $500,000 mortgage bonds, already explained. the investments had taken place. From inquiry in America he
“
580
THE
had found that all doubtful investments in America
in
were
OHEOMCLE
held
The gross receipts of the two companies for June and
July are
expected to be considerably over four and a half millions of
dollars, and, with the relief afforded by the proposed issue of
wages-certificates, the July payments for interest and rentals
England, whilst the good
ones were invariably held in
America. Since the reconstruction a large part of the shares
and bonds of the Erie had been bought on American account,
and of
were
$17,000,000 of bonds sent in for conversion, $11,000,000
bought and sent over to America. Referring to
will be met without any
report of the directors at the recent annual meeting, which
stated that the'relations with the Eastern Eailrcad continued
to be of a most satisfactory character. That road, as lessee, had
and out of 85,369 preference, 81,467 had come in. In
conclusion, he moved the adoption of the accounts of the re¬
ment ;
promptly paid its rental and the joint notes referred to in the
contract of settlement some time since.
On the 1st of July
next the whole amount will be paid of tlie out standing $62,000
of the joint liability, clearing off every obligation and discharg¬
ing the temporary mortgage of the road.
construction trustees.
The report was adopted
unanimously, as was also the follow¬
ing : “ That it is a source of great satisfaction to the English
proprietor’s of both bonds and shares that a large interest in
the stocks and bonds of the company is being taken by Ameri¬
can holders, from whom this meeting trusts the board may
be gradually strengthened by the addition of high-class busi¬
ness men having substantial holdings in the company.”
New York & Oswego midland.—The New York & Oswego
Midland Railway litigation came up before Judge Blatchford,
in the United States Circuit Court.
The property is advertised
to be sold on June 28, and the case came up on a motion by
the Blossburg Coal Company, the Ramapo Car-wheel and
Foundry Company, and other creditors, to modify the decree
so as to give their claims preference over any other of the
receiver’s obligations. They also moved for a reference to
ascertain how much the present Holders of the receiver’s certifi¬
cates paid for them, how much the receiver has expended on
permanent improvements, and that the claims of the petitioners
may be ordered to be paid out of any funds now in the hands
of the receiver. Judge Blatchford, in denying the motion,
spoke of the agreement of reorganization recently arrived at,
and said he thought the petitioners had better go in with the
four-fifths who have accepted the arrangement, as under it
they seem to get the priority given them by the decree.
Ohio & Mississippi.—The plan for reorganization which was
submitted to the directors, of the comjjany at Cincinnati pro¬
vides for the funding of the accrued interest on the second
mortgage bonds into ten-year bonds, the coupons to be hold
in escrow by the Union Trust Company of New York.
The
interest payment on the original second mortgage is to be re¬
sumed at the next accruing period. The Springfield Division
bonds are to be reduced from $3,000,000 to $1,250,000, which latter
amount shall be the total issue. The floating debt creditors, it is
understood, have expressed a willingness to accept payment in
such form and running over such a period as will enable the
company to liquidate the same, and at the same time promptly
meet the interest on all its bonded debt.
The floating debt
amounts to about $500,000, having been reduced to that sum
from about $1,500,000. The scheme was unanimously indorsed
by the board of directors. The assent of the holders of seventyfive per cent of the second mortgage is necessary before the
scheme becomes operative.
Mail—Panama
Railroad.—President
Rate of Interest, in New York State.—The
text of the 6 per
York
Payne, William K. Hitchcock and Miles 8. Martin, for $192,000.
Pennsylvania Company.—At Pittsburg, June 3, the annual
meeting of the stockholders of the Pennsylvania Company was
held. The leases of the Ashtabula & Pittsburg, Northwestern
Ohio and Indianapolis & Vincennes railways were
unanimously
ratified, aud the following directors elected for the ensuing
year: Thomas A. Scott, J. N. McCullough, William Thaw,
Thomas D. Messier, George B. Roberts, S. M. Felton, Sr.,
Wistar Morris, Henry M. Phillips, Alexander Biddle, J. Price
Wetherell, H. H. Houston and J. N. Du Barry.
Philadelphia & Reading.—The following is the monthly com¬
parative statement of gross receipts, tonnage and passengers
of the Philadelphia & Reading Railroad Co. for the month of
April, 1879 and 1878 :
'
GROSS
RECEIPTS.
1879.
Fiscal year
,
this act.
Sec. 2. All acts
1878.
Fiscal year
Month.
to date.
s
or
parts of acts inconsistent with the provisions of this
act are hereby repealed.
Sec. 3. This act shall take effect on the 1st
day of January, 1880.
St. Raul & Pacific.—A press dispatch from St. Paul, Minn.,
June 5, says : “ The main line of the St. Paul & Pacific Rail¬
road, from St. Paul to Morris, 150 miles, was sold here to day,
under a decree of Court, to satisfy a mortgage of $3,000,000.
It
was
bought for $250,000 by the
new
organization of the St.
Paul Minneapolis & Manitoba Railroad, which holds most of
the bonds. The next step will be the sale of the branch line
from Watab,
which will take place on Monday next, to satisfy
mortgage of $1,200,000, with accrued interest, under a similar
decree as the above. Tlie third and last sale will take place on
June 14, to satisfy a mortgage of $1,500,000 against the St.
a
Paul & Pacific extension lines from St. Cloud to St. Vincent.
When these sales are confirmed by the Courts, the entire line
will be turned over to the St. Paul Minneapolis & Manitoba
Railroad
Company, which will hereafter
manage
the line.”
South Carolina —Receiver Fisher makes the
ment to the Court of the
1878, to March 31, 1879,
a
following state¬
earnings of the road from October 1,
jieriod of six months:
Passengers
$96,266
Freight
Mail,
express,
539,104
13,986
*
&c....
Total
Expenses—
Earnings
«.
Accounts and balances duo
$339,358
condensed,
on
•
March 31,
was
$049,358
14,665
Total
Expenses.
Sundry accounts receivable
Balance, cash on band
$619,358
310,000
:
Net earnings
The Receiver’s balance sheet,
as follows:
-
and operate
$664,023
:
$310,000
32,445
321,576
Southern of Long Island.—In pursuance of an order of the
Supreme Court, the referee sold at the Town Hall in the village
of Jamaica, L. I., on June 3, tlie South Side Railroad of Long
Island, together with its appurtenances. The road was sold
subject to tlie old first mortgage of $750,000 made by the South
Side Railroad Company to David R. Floyd-Jones and Tredwell
Ketchem, dated March. 1, 1867. The road was purchased by
James P. Wallace in the interest of the second mortgage bond¬
holders. The bidders were: J. P. Wallace, $100,000; Daniel D.
Lord, $200,000; J. P. Wallace, $750,000, to whom it was sold,
one-fifth of the sum to be paid in bonds and securities. The
second mortgage bonds, under which sale is made, amount to
$1,500,000. A new company will now be organized, it is said,
and tlie road sold or re-leased to the Long Island Railroad
Company, which is now running it. The interest on the first
mortgage bonds has been paid.
Tennessee Debt.—The Governor called an election foi Aug.
7 to vote on tlie debt question.
Speaking of the proposed
compromise of the debt of Tennessee, the Nashville American
says: “ The written acceptances returned to the Governor by
78,912
163,806
56,598
76,393 the commissioners, tlie responses received in answer to the cir¬
54,506
281,003
28,116
224,389 cular
they sent out from New York, and the voluntary and
20,400
40,821
2,548
26,776
unsolicited acceptances made directly to the Governor, aggre¬
Total Railroad Co
$1,142,834 $4,900,762 $991,028 $4,189,757 gate an acceptance of a little less than $5,000,000, probably
Reading Coal & Iren Co. 857,788
3,169,059
48*3,756
2,277,997 more, as some of the parties do not state the amount of bonds
Total of all
$2,000,672 $8,069,822 $1,477,784 $6,467,754 held. The Governor has received assurances entirely satisfac¬
—The Philadelphia Ledger says : “ The Philadelphia & tory to him that a majority of the bondholders will promptly
Reading Railway Company will pay its employes their April fund under the law.”
and May wages in wages-certificates, bearing 6 per cent inter¬
Western Union Railroad.—The argument of tlie motion for
est, payable in cash in October and November, and receivable injunction in the case of the Farmers’ Loan & Trust Company
at any time at their full value with interest on account of vs. Tlie Western Union
Railroad Company was set before
freight and tolls or any debt due the company. The total Drummond this week, but was not heard. Mr. Cary, ofJud^e
Mil¬
amount of the proposed new issue will be $700,000, or less than
waukee, appeared on behalf of the Chicago Milwaukee & St.
dialf of all the previous issues, which together amounted to Paul Railroad Company, and asked that the
hearing be
$1,571,260, and of which $1,503,290 have been already paid, postponed a week, as negotiations were pending for a settle¬
leaving outstanding of all former issues but $67,970. The June ment, by which it was probable that the Chicago Milwaukee &
and Jnly
payments for interest and rentals of the Philadelphia St. Paul Road would buy the $2,000,000 of bonds held by tlie.
& Reading Railroad Company and the Philadelphia &
Reading Glasgow Bank, and thus dispose of the interest that was trying
Coal & Iron Company amount in the aggregate to $2,104,739 70. to foreclose the first mortgage on the road.
Railroad traffic
Canal traffic
Bteam colliers
Richmond coal barges..
.
r
,
Legislature:
chapter 4, part, second, of the Revised
Statutes, entitled, “ Of the Interest of Money,” is hereby amended so as
to read as follows: Section 1. The rate of interest upon loans or forbear¬
ances of any money, goods-or things in action, shall he $6 upon $100 forone year, and after that rate for a greater or less sum or for
longer or
shorter time; but nothing herein contained shall be so construed as in
any way to affect any contract or obligation made before the passage of ‘
April, refused to sign the contract with the railroad which had
been prepared. Since the defeat of the Babcock ticket, through
Painesville & Youngstown.—The Painesville & Youngstown
Railroad was sold at Cleveland, June 2, by the Master, to 11. B.
following is the
cent interest bill recently passed by the New
Section 1. Section 1 of title 3,
Babcock, in
the influence of the railroad, the amended contract has. been
signed. The substance of this contract was given on page 402
of the present volume of The Chronicle.
difficulty.”
Portland Saco & Portsmouth.—The President presented the
the work of the assessment committee, he said that out of a
total of 780,000 ordinary shares, 771,008 had come in for assess¬
Pacific
[VOL. XXVIII.
Month.
to date.
$089,034
$1,415,131
$903,764
$3,86*2,197
JS5E 7, 1879.
581
THE CHRONICLE.
|
COTTON.
3£lxe (ftcmxnxenjal jinxes.
Friday, P. M., June 6, 1879.
COMMERCIAL EPITOME.
Friday Night,
The conditions and
June 6, 1879.
still very good, but
tendency to wind up
prospects of trade are
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (June 6), the total-receipts have reached
11,089
bales, against 17,113 bales last week, 16,673 bales the previous
week, and 19,897 bales three weeks since; making the total
receipts since the 1st of September, 1878, 4,400,810 bales, against
4,208,4^4 bales for the same period of 1877-8, showing an increase
period when there is a
spring business, preparatory to the closing of semi-annual since September 1, 1878, of 192,326 bales. The details of the
accounts.; and in the export of domestic products only can a receipts for this week (as per telegraph) and for the corresponding
weeks of four previous years are as follows:
full movement be reported.
1875.
1876.
1877.
1878.
1879.
The following is a statement of the stocks of leading articles Receipts this w’k at
of domestic and foreign merchandise at dates given :
1,775
4,484
2,593
New Orleans
2,655
1,437
we
have reached a
the
1879.
May 1.
Pork
Lard
Tobacco, foreign.
-
-
bags.
bags.
97,724
85,000
23,108
30,003
97,005
39,497
mars.
05,873
hhds.
boxes.
44,302
27,010
tcs.
bales.
•
Tobacco, domestio...
Coffee, Rio
Coffee, other
Coffee, Java, &c
Sugar
Sugar
Sugar
.
bags, <fco. G75,000
.lihds.
Molado
Hides:...;:..
Cotton
Rosin
Spirits turpentine....
Tar
bags.
ltioe, E. I
Rioo, domestic.
2,119
hhds.
0,225
bids.
15,000
No. 252,000
bales. 170,370
bbls.
30,694
bbls.
2,314
bbls.
4,959
Molasses, foreign....
Molasses, domestic...
..
.bbls. and tea.
Linsoed
bags.
Saltpetre
bales.
bales.
Jute
Jute butts
Manila hemp
3,700
4,100
41,093
10,000
0,390
35,500
37,916
1878.
June 1.
1S79.
June 1.
94,460
55,000
23,905
28,203
84,588
28,491
5,077
51,1.39
92,009
110,061
21,775
None.
LOO,OOO
769,500
938
4,922
2,000
171,000
152,503
18,169
2,782
8,484
10,000
139,600
158,338
21,239
1,507
2,195
2,943
1,125
380
134,900
6,950
3,030
17,294
53,720
257
935
268
575
271
819
445
319
584
827
7
68
126
150
32
2,811
827
Port
Royal, &c
32,297
37,847
Savannah
380
1,755
1,386
1,177
Galveston
2,428
1,417
207
753
00,300
07,086
Indianola, &c
Tennessee, &o
25,872
Florida
07,391
2,234
4,200
4,350
26,693
14,500
5,208
78,995
40,239
provision market calls for a repe¬
week’s report.
character, and
has remained so for several days, with a fair movement in
aggregate reported. To-day, quotations were unchanged, and
a fair trade reported; old mess pork sold on the spot at $9 and
new mess at $10; June quoted at $10, and July at $10 asked and
Lard was a trifle firmer, at 6‘30c. for cash, Western,
no sales.
and 6‘20c. for do., city; June contracts sold at 6*27/£c., July at
G*35@6‘37/£c., August at 6*42%c., and all the year at 6*27/£c.;
refined to the Continent quiet at 6’GOc. Bacon was dullat 4%
#4‘90c. for long clear, 4*95c. for long and short, and 5‘05c. for
short clear. Butter and cheese have latterly been quiet, and
The present status of the
tition of the remarks noted at the head of last
The tone is of a generally steady and uniform
more or
Mobile
Charleston
demand, and has fallen to 6\i@
stock here is much larger
and refiners have latterly
imported largely on their own account. Refined has sold less
freely at 8>i@S%c. for crushed. Refining molasses has been
dull and lower at 25/£@26c. for fiO-test, while there has been a
fair trade in New Orleans stock at 25@38c, Rice has been in
fair demand and firm. Rio coffee has been in small supply
latterly, and, with a fair demand, prices have advanced, fair
cargoes being quoted at 13Mc., while ordinary have risen to
ll%c. ; the stock here to-night is 35,274 bags, but 22,000 bags
are expected to arrive to-morrow ; mild grades have been moder¬
Raw Sugar has been in less
0 7-16c. for fair to good refining ; the
than that held at this time last year,
Total this week
...
Total since Sept.
338
2,115
2,936
1,004
2,673
284
67
49
41
12,380
9,390
10,456
13,869
1,511
87
11,089
7
6
1. 4,400,810 4,208,484 3,915,033 4,028,470 3,422,294
•
exports for the week ending this evening reach a total of
13,871 bales, of which 13,153 were to Great Britain, none to
France, and 718 to rest of the Continent, while the stocks as
made up this evening are now 236,770 bales.
Below are the
stocks and exports for the week, and also for the corresponding
The
week of last season:
STOCK.
'
EXTORTED TO—
Week
ending
Great
June 6.
Britain.
Mobile..
OharTt’n
....
Sa van'll.
....
nent.
17,856
5,458
....
.
....
....
....
Same
Week
1878.
Total
this
Week.
Conti¬
France.
5,458
N. Orl’ns
.
.
....
.
Galv’t’n-
140
2,122
N. York.
Norfolk-
.
5,573
Other*..
....
6,151
718
13,871
7,607
P
6,172
....
....
578
60.801
4,458
3,539 158,660 146,75
2,262
....
....
...
45,061
3,1^8
4,739
....
....
1878.
2,8
....
....
....
1879.
1,373 \
1,204
....
....
....
....
13,153
week..
15,000
2,311
4.751
22,000
do. to Cork for orders, 4s.
6d.@4s. 7%d.
7^d.;
higher; lugs are quoted at 3@5c., and leaf 5^@12c. Seed
leaf also rather quiet, the sales of the week being limited to
700 cases, as follows: 350 cases 1877 crop, New England, 12@
25c.; 100 cases 1878 crop. New England, seconds, 10@12c.; 50
are
1878 crop, Wis¬
Wisconsin, Havana
steady with sales of
Naval stores have latterly been quiet and more or less irreg¬
ular. Spirits turpentine closes at' 2t)@26>ic., and common to
good strained rosins at $1 32/£@$L. 37/6. Petroleum has been
active at lower figures ; refined, in barrels, quoted here at the
close at 7%c. Metals are unchanged, without important move¬
ment
Wool has been less active, not for the want of buyers,
but due to the reduced and quite limited arrivals. Whiskey
Pennsylvania, 9@21c.; 100 cases
consin, 17c.; and 10*0 cases 1878 crop,
seed, on private terms. Spanish Tobacco
550 bales at 85c.@$1.10.
....
29,079 236,770 254,223
Tot.since
8ept. 1. 1981,927 404,499 914.477 3300,903 3218,959
this week under the head of “ other ports”
1, SCO bales to Liverpool and 578 bales to Continent;
The exports
*
more,
Liverpool.
bales to
From the
foregoing statement it
••••••
include, from Balti¬
from Boston, 3,704
will he seen that, compared
is a decrease
the stocks to-night
with the corresponding week of last season, there
in the exports this week of 15,808 bales, while
are
they were at this time a year ago.
telegrams to-night also give
following amounts of cotton on shipboard, not cleared, at
17,453 bales less than
In addition to aoove exports, our
us
the
Savannah
116
596
City Point, &c
do. to Cork direct, 4s. l/£d.; do. to London, 4s. Id.; do,
to Antwerp, 4s. l/£d.; do. to French porks, 4s. 6d.@4s.
refined petroleum to direct port United Kingdom, 3s. 3d.; do. to
Bremen, 2s. 6Md@2s. 7d.; do. to the Continent, 3s.; do. to the Bal¬
tic, 4s.@4s. l%d.; cases to Alexandria, 25c. To-day, rates were
unchanged; grain to Liverpool, by steam, 5d.; do. to Bristol,
by steam, 6d.. do. to Hull, by steam, 5%d.; crude petroleum to
Bordeaux, 3s.; refined do. to Elsinore for orders, 3s. 10/£d.; do.
to Bremen or Antwerp, 2s. 9d.; grain to Cork for orders, 4s.
7>£d., and others as noted above.
Kentucky Tobacco has remained quiet, and sales for the
week are ©nly 600 hlids., of which 450 for home consumption
and 150 for export; prices are nevertheless firm, and some grades
per qr.;
quoted at $1 06.
129
108
3,989
Norfolk
the
1877 crop,
4,201
1,353
36
ately active and steady.'.
A large movement in ocean freight room, in the interests of
the grain trade, has been effected during the week. Petroleum
vessels have also been in some demand. Rates are about steady
at the present low basis.
Late engagements and charters in¬
clude : Grain to Liverpool, by steam, 5d. 60 lbs.; provisions,
27s. 6d.@35s.; butter, in refrigerators, 90s.; cotton, 3-16d.;
grain, by sail, 4%d. GO lbs.; do., by steam to London, 6/£d.; flour,
by sail, Is. 7^d.; grain to Bristol, by steam, 6(0)6V4d.; do. to
cases
1,564
2,103
North Carolina
66
....
....
Tot. this
less easy.
Hull, by steam, 6d.;
7
....
.
We add also similar figures for New York,
special use by Messrs. Carey, Yale &
ports named.
which are prepared for our
Lambert, 60 Beaver street:
Oil
June
G, at—
Liver¬
pool.
Orleans
_
Shipboard, not cleared—for
France.
Tolp.o-rn.
__
Charleston
Galveston
New York
Other ports
2,762
3,000
Leaving
Stock.
Total.
Tint. r cceived.
None.
None.
50
None.
250
None.
5
None.
None.
300
m
None.
6,262
Total
Foreign
None.
None.
None.
None.
None.
None
None.
None.
500
None.*
Mobile
Coast¬
wise.
Other
None.
50
750
5
None.
1,000
*3,482
4,000
300
1,305
8,287
bales at presses for
* Included
in this amount there are 420
destination of which we cannot learn.
3,178
1,323
2,118
4,453
155,178
17,172
183,422
foreign ports, tho
following is our usual table showing the movement of
all the ports from Sept. 1 to May 30, the latest mail dates:
The
cotton at
EXPOR TED SINCE
RECEIPTS SINCE
SETT.
Ports.
1878.
1.
1877.
1165,653 1357,086
Mobile. 300,474 408,403
Char’n* 512,743 455,858
Sav’h.. 701,183 5S5.159
555,816 439,036
Galv.*
146,795 141,531
N. York
N.Orlns
Great
Britain.
51,177
3,052
1,291
5,098
496
18,298
1968,774 404,499 913,759
3287,032 250,705
N. Car.
134,397
14,199
110,869
Norf’k*
555,386
493.159
Other..
200,925
155,804
201,833
This yr.
4389,721
Point, &c.
Foreign
Stock.
Total.
713
56,319
,
4196,104 2045.604
* Under the head of (
Galveston. L« included Ii
ether
3,451
461,355
6,332
347,006
264,093 159,600
15,858
452
65,111
6,550
195,538
223.682 18,800
Florida
La si vr.
|
650,814 211,291 344,777 1206,882
57,954 35,583 29,677 123,214
150,410 57,140 176,143 383,693
205,032
223,5*8
228,203
13,756
44,472
189,727
.
_
France.
SEPT. 1 TO—
23,646 232,677
59,478 61,010
12,135 24,355
.
1,967
135
2,050
18,539
481.975
601,701 3139,230 285.347
harlest.on is included Port Royal, &c.; under the head of
dlanola, &c. under the head of Norfolk Is included City
582
THE
The Cotton Exchange re-opened on
Monday, having
from the previous Thursday.
Cotton on the
CHRONICLE
been closed
spot was firmer,
though quiet. Quotations were advanced £c. on Monday, and
again on I uesday, carrying Middling Uplands up to 13£c. But
on
Wednesday, in the face of decided advances at Liverpool and
in
Southern markets,
there w*as a nominal decline of l-16c.
further reduction of o-ICc., and the ad¬
vance of the first half of the week was lost
To-day, there was
a nominal
recovery of 1-lGc., Middling Uplands closing at 131-16c.
For future delivery the market was
buoyant, but rather less
active, on Monday and Tuesday, though here was nothing to
give a new impetus to the upward course of values The highest
figures of/Tuesday were some 30@42 hund edtlis above the
Yesterday, there
closing bids of
was a
ti e previous
Thursday, and the
next crop was
17
@32 hundredths higher; but in the course of'Tuesday after¬
noon and
Wednesday the a ivance for this crop was mostly lost,
and the next crop, except Oct, receded even more than it had
gained. This was due in part to sales to realize, but largely to
speculative manipulation.
Yesterday, there was a further
decline at the opening ; but there was a
recovery, and the close
was firmer,
especially the next crop—an improvement in the pres¬
ent crop being checked
by the comparatively full stock here, an 1
the impression that the views of
shippers will have to be
0 5.21
met.
To-day, there was a weak opening, followed by excited
speculative action, and the close slightly dearer.
The total sales for forward
delivery for the week are 526,860
bales, including — free on board. For immediate delivery the
total sales foot up this week 1,871
bales, including — for export,
1,82 for consumption, 50 for speculation, and — in transit. Of
the above,
bales were to arrive. The following tables show
the official quotations and sales for each
day of the past week:
UPLANDS.
May 31 to
June 6.
Sat.
Ordin’y.^fb
8trictOrd..
Good Ord
Str. G’d Ord
Low Midd’g
Str. L’w Mid
.
Holiday
Middling..
Good Mid
Str. G’d Mid
..
Midd’g Fail
Fair
Wed
Ordin’y.^Ib 11
BtrictOrd.
Good Ord..
Str. G’d Ord
Low Midd’g
Str.L’wMiu
121s
12*2
12*4
127s
Mon Tues
111116
12116
12116
12Uig
121*16
13
Sat.
ll13lfl
12*i6
121*16
121516
13i8
Holiday
13^16 13*16
1311x6 131*10
14*8
15*8
1318
1314
11^16
12
12°io 12*3
12*16 12*8
1211x6 12*i
Wen
1211,6 12*4
1 2**16 1278
13°16
13*8
13*16
135s
1378
14° 16
14*16
15*16
Midd’g Fair 14?10 1414
1»*1« 1514
15*16
STAINED.
Sat.
Cfood Ordinary....
Strict Good Ordinary
Low Middling
B>.
.......
Holi-
day.
Middling...
Ex¬
..Holi
012
390
234
380
190
....
....
....
.
Total
1,821
Bales.
.
,
...
...
.
.
.
JiOO
100
300
100
100
100
500
13*16
13is
13*iG 13ia
13
13bj
137,6
5g
137l0
13 73
13Hi6 13*4
131116
14*8
147,6 14*16 14*8
15*8
15716 159)6 15*8
...
...
...
.
12
124
12*8
.
..
13-17
9.000...
12,700...
5,000...
3,300.
40
3,500...
2,000...
3,400
4,500
..
0,000...
5 000...
5, LOO...
3,000.
2,200.
2,000
....
....
Th.
....
....
....
....
50
5,100.
5, 00
1
3* 16
131-2
13*4
147jg
157ic
1,300
fy 0
100
100
1,100
1,300
1,700
2,600
1,200
1 500
100
7«0
2 200
•100
1,900
2 300
4 500
800
700
1.000
1 200
3U0
FUTURES.
806
95,300
l,20u
13-00
1304
13 05
13-06
13'0 7
13-08
13 09
1311
13 12
1313
13 14
13 15
.13 16
13 17
13 19 I
13-^0 I
13-21
1-.-22
13-23
13 4
13-25
13- 6
13-27 >
13 28 C
13-29
13-30
13-31
13 33
...13-34
1,200.
1,871 526,800
during the week
middling), and the
:
.13 4.
.1340
.13-47
...
0 00
2. 00
1.900
1.900
13-47
...43-48
400
t
h00
.1319
.13-20
13 21
..13-22
1323
.13-24
1,300
3,7«0
.
4.200
4,.00
2 *00
13-2-i
.13 27
.13 28
4,200
0 7'0
2.500.
13- 0
.43 31
13-32
.13-33
13-34
13-35
«...
l-*"37
) 3"38
.13-39
.
2,200
2,600
...13-61
...13 52
2,100
..
13-54
4,800
3,700
2,700
...13
0
1,000
1,800
2,‘<‘00.
8,40).
2,000.
3 400
2,000
2 300
500.
100
2,‘<00..
2C C..
600..
5C0..
eo
500.
1,0 0.
.
...
.
4. 00..
3,200.
4.000.
500.
.
3,700.
...
.
.
4,100.
2,700.
The
13-18
13-19
13-20
2.800.,
2 400.
3 500..
1321
Vi- 2
13-23
13-24
13 25
13 20
13-27
13-28
13-29
13-30
13*31
13-32
13 33
13-34 1
1335 i
3,500..
..
.
....
12-04 1
12 10 1
42-11
12-12 1
12-13 |
12 14 I
1215
12-10 ,
j
.
1,000..
.
..
.
400...
1000..
1 100..
3,200..
900.
.300.
190..
1.000..
3,000
12-22 I
12-23
12-24 I
12-25 j
|
I
|
I
...
.
For Jauua ry.
200
.1134
100
11-3S
300
.11-40
100
11 4*
600.
11-47
40.)
11-50
90.)
11 51
600
.11*55
.
700
.
-
1,000
following exchanges have
1, 00.
13,800
4i08
.
11-39
11-40
11-41
11*42
11-43
11-44
11-40
1147
41 48
11 49
.11 59
11-31
.11-52
.11-54
11-55
41-56
.11-5*
400
GOO
11-05
..
11-38
...
1,000
11-59
..
800
500
200
500
500
100
40 '
121S I
l-'-l »
12-20 1
•22 pd. to exeh. 500 June for July. ■
101 pd. to exch. 200 Oct. for Sept.
•22 pd. to exch. 200.1 une for July.
•17 pd. to exeh. 200 July for Aug.
...liv'd
.
300
!
12-17
31-34
11-35
11 37
300
200
1 200
.
100
500
1
900.
11-33
200
600
10
.
..
...1L-70
been made
3.100
during the week
:
-19 pel. to exc-h. 700 July for Auk.
102 pd. to exeh. 100 Oct. for Sept.
— pd. to exeh. 1.200 Oct. for
Sept.
-72 pd. to exeh. 200 Oct. for Sept.
|
The following will show the
range of prices paid for futures,
and the closing bid and asked, at 8 o’clock P.
M., on each day in
the past week.
Futures
Saturday.
Monday.
'■uesday.
Market.
Holiday.
Higher.
Higher.
For
Day.
Iligh.
June ;
“
—
-
Bid. Ash
—
—
—
.
s.n.
'
August.
Jan’ry
Low.
Closing.
—
-
—
For
Day.
Closing.
High. Low. Bid. Ask
13-07-13-0 i 13-00 07
13-01-13 00
13-30-13-22 13 27 28
—
—
—
-
—
-
—
—
.
—
-
—.
.
-
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
“
13*47-13-38 13-40
—
13-20-13-00 1315 10
12 18-1204 12-14 15
11*59-11*52 11*57 58
11*50-11*40 11*45 40
—
.
.
Tr. ord.
Closed.
11*47 49
—
For
Day.
High. Low.
13*20-13*09
13*19-1304
13*49-13-30
13-08-13-48
13-30-13*17
12*32-12*15
11*71-11*00
11-58-11-40
11*55-11*47
Closing.
Bid. Ask
13*19 21
13-41 42
13 00 61
13-29 30
12*22 24
11*66 68
11*52 54
11*54
13T 0
13*2 5
Steady.
Barely steady.
Futures
Wednesday.
Thursday.
Friday.
Market.
Lower.
Variable.
Variable.
For
..
s.n.
...
August
Sept’b’i
Octobei
Nov’bei
Dee’ber
Jau’ry.
Day.
Closing.
For
Day.
Closing.
High. Low. Bid. Ask High. Low.
13-29-1301 12*95 97 12-90-12*81
13-11-13-07
12*89-12-77
13-47-13*14 1314 15 13-17-1300
13*70-13’27 13*32 33 13-36-13-18
13-39-13-00 13*03 04 1309-12*85
L2-31-12*00 12*02 03 12 11-11-87
11*09-11*47 11*44 40 11*53-11*36
11*58-11*35 11*33 35 11*40-11*25
11*51-11*40 11*34 36
—
—
Tr. ord.Closed
-
—
—
Day.*
Closing.
—
12*98-12*89
13-24-13*08 13-23
—
13*17
13-35
13 00
1210
11-53
11*41
11*42
—
36
07
11
55
43
44
12*1 5
13-C)0
Weak.
For
Bid. Ask High. Low.
Bid. Ask
12*92 94 13*04-12*90 1309 10
—
Steady.
13*41-13*20
13*15-12 95
12*15-12*00
11*60-11*51
13-39
13*13
12 12
11*56
11*48-11-32 11 *42
11-43-11-34 11*44
—
—
40
14
—
58
43
45
13-1 0
Sf eady.
To 2 P. M.
The Visible Supply of Cotton, as made
up by cable and
telegraph, is as follows. The Continental stocks are the figure#
of last Saturday, but the totals for Great Britain ar.d the afloat
for the
Continent
are
this week’s
returns,
and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for
to-night (June 6), we add the item of
exports from the United States, including in it the exports of
Friday only:
1879..
597.000
Stock at Liverpool
Stock at London
1878.
12,000
638,250
.
121 250
Stock at Marseilles
2,750
42,500
3 000
...13-02
...1 -63
Stock at Amsterdam
31,500
1877.
1876.
S32.000 1,109,000 1 ,049.000
41,250
Total Great Britain stock
8tock at Havre
28,500
.
.
,
0,'OO.
1,500
200
100
900
200
800
800
200
f 00
900
9 0
.
Stock at Bremen
...13 05
13-00
13-07
...13-00
...13-09
'
.
1207
4 400.
1,800.
2,200.
.
200,
.
1300..
Fnr December.
200
11 2»
*. 00
11-<2
.
For November.
20‘
.11*30
1,000
.11*40
1.100
100
.114 •
20"
.41-43
200
...11-44
100
300.
11-46
000
...11-47
400
...11-48
1(0
.11-49
300
400
.11:1
1 400
...11*52
000
1,100
11- 4
1 200.
115
12-03
12-04
1205
8,400,.
13-17
10,100
.
8
800..
Ct*.
11-71
-
...12-32
42- 3
.12-34
73,900
1.500.
..
.
300
100
500
...13-00
.....
•
2 000
400
11-99
12-00
8tock at Hambm*g
4,400
600
11-94 I
1195 1
11-9 I
Stock at Barcelona
3 900
Bales.
...12-20
12 27
...12-2S
3,300
100.
100..
.
.
700
Cts.
500
1.100
For October.
100..
11 87
600..
2,400..
11-93
1 200
2,100...
10,000.
6,000...
3,200.
5.700...
Bales.
203,700
.
3,004
2,600..
Cts.
13-36
13-87
13-38
..
...1*’4<<
1,-00
2,00
3,800
...13*42
...13-43
.43-44
1, 00
For August.
700
.1318
2 100
3 500
3 001)
Cts.
1.200
40,400
4. <00
Bales.
1,700
4,500
8.800
1,000
5,200
6,-00
3,800
800
500
1,4 .0
2.100
2,M)0
2 700
3o(t
400
2,300
*100
July.
1,100
5.V00..
2,500.
600..
..
1,34)0
2.
9,500...
4,0 0
3i00
July
Doliv
eries.
Sales.
12-9 •
.,%..13 00
1301
13-0
13-03
1304
13-05
13-00
13-07
1308
13-09
1310
1311
13 12
13 13
1314
13" 15
...
October
Nov’ber
Dee’ber
89.700
13-41
.
12*4
022
.13-42
.13-43
.
Sept’b’r
436
Cts.
.
4 900.
*
....
.
.
.
Fri.
234 131.800
380 127,900
199
S2,100
....
.
3.300...
Juno.
....
.
12
day..
10
.
1 300
.
—
July..
l27s
13*40
0.4Oq
1295
..
11*8
12*8
111516 11*4
m*i6
12*16 1218
12*16
12*16 1211x6 12-58
12*,6 12 hj
12151G 13116 13
121*16 12 7s
000
For
200
300
700
900
300
...
200...
13
Mon Tues Wed
Cts. I Bales.
13-18 I 1,100
B.n.lth.lO-iO |
000
...13-20 1 1,500
13 21
400
13-22
1,200
13-20
900,.
13-29
bUu
1 000
10,000
.
VOO 8.11 ,5th..13 05
H 05
1,000.
.14-01
3,700.
-200 f.n,.5 h,.13 0 *
2<m
.1307
300 s.n. .bth,.1308
400
1 *08
600.
.13-09
400.
13-10
100 8.n, ,6lh. ,13-11
300
*
II 13 11
100
.1312
1.500
.1314
200.
13-15
1-30
100.....
lUiio
12ii6
1 2716
1211x6
121*16
13
statement of the sa'es and prices
.
Fri.
Bales.
..
14*8
15*8
Th.
1178
1-Jl4
12*8
1278
For forward delivery the sales have reached
526 80U bales (all middling or on the basis of
.
Wed
ConSpec- Tran¬
Total.
sit.
sump. ul’t’n
port.
WeeL. Dull, 116 decline.
Thurs l)uil, *16 decline.
Fri.
Nominal
Cts.
100 s.n 7th .12" 7
100 K.a,.7»h 1-4-78
700 8.n .nth
2 HO
100....
.12-84
100 s.u. bill. 12-87
100 -.n. .ih .12- 9
100 8.11. 9ih 12 89
12-90
1,300.
400 -.n. ,11'tl 12 91
700
.12-91
300.
1 -95
300 S.n .7th, 12-98
100
.12 v 8
200.
12 99
400 .n. d..,13 00
200 8.n. lt.h 1300
100-i. ,4th,.1-01
300 8 n,.OLtl, .13-01
500
1301
200
.Id '2
100
13-03'
100 -.0,,4r.h, .IS-04
14*2
13116
13*16
1178
12-91
13*16 13*116
13!*16 131516
SALES OF SPOT AND TRANSIT.
.
a
1314
Cts.
12-93
2,200...
4,100
3,80*..
“
Bat..
Mon
Adv.*8,dull, 110m.
Tues. Firm, *8 advance
For Juue
Bales.
13*4
13*8
MARKET AND SALES.
SPOT MARKET
CLOSED.
following is
l.'le
15*2
Fri.
127q
13*16
1358
Fair
Til.
13
111*16 111516
12*16 12*16
12*16 1211,0
121*1(; 121o16
121*16 131,6
1558
1l1116 11*4
12116 121s
127i6 1 2x2
1215] o 13*16
13116
14*8
H78
1214
12*8
13
Mon. Tues
1Holiday
1314
13:13
14^
15 ^2
11016 11*8
111*16
12*16
12Hi6
121*16
131,6
131116
13i*1G 131*16
1412
Fri.
Sat.
13*16
li>'~2
Til.
TEXAS.
Mo it Tuck
1U*16
12*16
12*16
121*16
12!*16
12*16
1318
1314
13110 1278
Middling... 13*16 13
Good Mid.. 1312
Str. G’d Mid 13 *4
NEW ORLEANS.
Bales.
2, <00...
fV0L. XXVIII
•
48,500
54.25#
844,000 1,157.500 1 ,103.25#
196.750
232,750
217,250
5,750
12,000
8,000
57.000
50,000
89,750
16,500
7,000
15,500
72.250
43,500
56,000
64,000
61,500
61,500
11,250
15.500
15,500
Stock at Rotterdam
Stock at Antwerp
Stock at other conti’utal ports.
1,250
6.500
21,000
6,750
17,500
7,000
17,000
28,250
Total continental ports....
242,500
441,750
475,750
4S3.750
Total European stocks..
880,750 1,285,750 1,633,250 1 .587,00#
290,000
220,000
337,000
320,000
247.000
212,000
218,000
214,000
1 1.000
25.000
15,000
27,000
25 4,223
230,770
354.528
362,708
21.787
20,6 10
50 947
34,722
3,000
8,000
5,000
8,000
1.750
..
153,200
For September.
300
12-85
3.0i)0
I-j-87
800
12-88
900...
.lv-90
2,900
12-91
2,000
...12-9 i
..
India cotton all oat for Europe.
Amer’n cotton afloat for Eur’pe
Egypt,Brazil,&c.,aflt forET’pe
Stock in United States ports
Stock in U. S. interior ports..
..
.
United States exports to-day..
Total visible supply
1 ,690,307 2,012,613 2,620,680 2 .559,47*
June
THE CHRONICLE
7, 1879.j
583
—-—
Of tlie above, tlie totals of American and other
follows:
American—
1879.
1878.
Liverpool stock
■Continental stocks
American afloat for Europe...
Unitod States stock
United S ates interior stocks.
United States exports to-day
Total American
..
..
..
Indian, Brazil, etc.—
liiverpool stock
126,000
41,250
38,500
290,000
11,000
..
London stock
Continental stocks
India afloat for Europe
..
..
..
Egypt, Brazil, &c., afloat
Total East
are
ss
1877.
1876.
645,000
711,000
373,000
212,000
254,223
20,040
5,000
614,000
395,000
218,000
362,708
347,000
214,000
354,528
34,722
50,947
8,000
8,000
..1,183,557 1,514,863 1,729,430 1,588,475
East
,
471,000
204,000
247,000
236,770
21,787
3,000
..
3
descriptions
India, &c
187,000
12,000
63,750
220,000
15,000
398,000
435,000
48,500
54,250
80,750
337,000
27,000
136,750
320,000
25,000
506,750
497,750
971.000
891,250
..1,183,557 1,514,863 1,729,430 1,588,475
..
Total American
Total visible supply
,. ..1,690,307 2,012.6 L3 2.620,680
2,559,475
Prloe Mid. Gpl., Liverpool...
7 d.
6x4d.
6d.
6d.
These
figures indicate a decrease in the cotton in sight to-night
32’3,30fi bales as compared with the same date of 1878, a de¬
crease of 930,373 bales as
compared with the corresponding date
of 1877, and a decrease of 869,158 bales as
compared with 1876.
of
At the Interior Ports the movement—that is the
and shipments for the week, and stocks
corresponding week of 1878—is
receipts
to-night, and for the
set out in detail in the
statement:
following
for the week is
one
eighty hundredths of
ending June 6, ’79.
Receipts Shipm’ts
Augusta, Ga
Columbus, Ga....
Week ending June 7, ’78.
Stock.
Receipts Shipm’ts Stock.
Selma, Ala
Memphis, Teun..
N asbville, Teun..
219
251
22
110
39
448
1
Total, old ports.
1,090
5,608
21,787
2,794
6,066
20,640
Dallas, Texas....
Jerterson, Tex..
Shreveport, La
Vicksburg, Miss
Columbus, Miss..
Eufauia, Ala.(esL)
8
103
197
111
2
51
112
336
34
182
608
28
....
724
55
66
257
246
20
165
24
234
714
263
58
196
119
301
175
525
350
Macon, Ga
Montgomery, Ala
.
..
.
•
Grilliu, Ga
Atlanta, Ga
•
•
340
309
158
3.096
9L
72
2,187
4,549
485
123
1,376
14
234
131
540
1,232
89
11,316
1,675
3,362
575
80
4,010
1,096
1,4 55
1,972
1,550
9,270
1,287
•
•
1
•
•
....
280
1,162
8,151
3,793
1,479
3,310
3,232
4,311
5,294
4,411
15,783
5,156
6,755
13.514
10,019
37.570
7,950
12.821
34,154
the
interior
3,276
2,577
Total, new p’rts
4,281
Total, all...
5,371
same
54
95
50
190
858
238
bales
374
62
175
250
13
125
50
200
28
679
12
83
441
decreased
216
•
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
13
totals
494
....
41
The above
2,803
501
350
406
*
show
that
old
during the week 4,518 bales, and
1,535
322
325
stocks
have
to-night 1.147
are
than at the same period last
year,
i he receipts at the
towns have been 1,704 bales less than the same week last
more
year.
Receipts
the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made
up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following:
from
RECEIPTS FROM PLANTATIONS.
Week
Receipts at the Ports. Stock at Inter’r Ports Rec’pts from Plant’ns
ending—
Mar.
41
it
44
Apr.
<44
44
4 4
May
44
7
44
June
1878.
1879.
90,947
82,264
75,723
65,470
59,886
51,391
39,016
38,856
31,196
24,252
20,097
83,266
78,490
60,202
60,698
54,283
44,851
40,187
36,183
22,2-3
19,031
19,897
4
50,742
44,537
82,366
30,397
26,287
11
21,183
18
18,010
25
30
26,641
16,560
17,309
16,288
12,14?
9,669
«
9,390
14
21
28
3
9
16
44
1877.
23
19,732
18,220
12,380
1877.
1878.
169,291
165,747
158,041
151,199
140,649
133,363
128,411
117,074
107,534
97,696
86,376
16’673 79,009
17,113 67,786
11,089 57,509
192,465
169,636
146,653
131,795
119,991
108,633
95,979
89,142
75,550
65,770
56,433
1879.
1877.
1878.
1879.
165,619 46,855 72,477
159,418 40,993 59,435
141,612 24,660 52,740
131,463 23,555 50,612
116,879 15,737 48,082
107,005 13,897 40,033
91.966 13.058 26,362
87,294 15,304 32,019
78,962
7,020 17,604
71,546
7,471 14,472
59,249
4,968 10,760
78,447
72,289
42,396
50,549
39,699
34,977
25,148
9^604
8,853
7,882
6,461
46*305 51*429
39,025 42,198
34,154 37,570
4^780
•
•
•
•
10,940
7,509
31.511
13,^51
11,615
7,600
The above statement shows—
1. That the total receipts from the
plantations since Sept. 1 in
4,432,728 bales; in 1877-8 were 4,226,156 bales; in
were 3,926,657 bales.
2. That although the receipts at the out
ports the past week
were 11,039 bales, ’he actual movement from
plantations was
only 6,461 bales, the balance being drawn from stocks at the
interior pons. Last year the receipts from the
plantations for the
same week were
7,509 bales, and for 1877 they were
bales.
Weather Reports by Telegraph.—The weather during the
1878-9
1876-7
were
past week
has
been
generally
very
favorable.
Acceptable
showers, clean fields, and, with very limited exceptions, fine
pro¬
inch, and for the month,
inch and
twenty-six hundredths.
Indianola, Texas.—We have had showers on two days, which
have been beneficial, but not
enough. Average thermometer 77,
highest 91 and lowest 65. The rainfall has reached one inch
and twelve hundredths, and
during the month of May forty-four
hundredths of
an
inch.
Corsicana, Texas.—Rain has fallen on one day—a shower.
We are needing more rain, but
crops are doing well.
The ther¬
mometer has
averaged 74, the highest being 96 and the lowest
We have tad a rainfall
51.
during the past week of seventeen
hundredths of an inch.
The rainfall for May is four inches and
eighty-eight hundredths.
Dallas, Texas.—We have had a shower on one day the past
week, the rainfall reaching fifteen hundredths of an inch. More
rain
is
desirable.
Prospects good. Average thermometer 74,
highest 98 and lowest 51. 'There has been a total rainfall of
five inches and twenty hundredths
during the month of May.
Brenham, Texas.—We have had a sprinkle on one day, and
are
wanting a good shower, but crops are in good condition.
I he thermometer has
ranged from 67 to 85, averaging 73. The
rainfall for the week is
Week
an
month
one
five hundredths of
an
inch, and for the
inch and five hundredths.
New Orleans,
Louisiana.—Telegram
not received.
Shreveport, Louisiana.—The weather during the week has
been fair.
Roads dry.
Average thermometer 73, highest 91
and lowest 56.
The rainfall is sixty hundredths of an inch.
Vicksburg, Missi sippi.—We are having too much rain. It has
rained during the past week on three days.
Columbus, Mississippi.—It has rained during the week on four
days, on two days severely, the rainfall reaching two inches and
four hundredths.
The thermometer has
range i from 72 to 82.
The weather has been too cold, but the
crop is developing
promisingly.
Little Rock, Arkansas.—It rained here on
Saturday last and
turned very cool for three days.
The remainder of the week
has been clear and pleasant, the thermometer
averaging 69 and
ranging from 52 to 83. The rainfall for the week is on - inch.
Nashville, Tennessee.—Rain has fallen during the week on
three days, to a depth of one inch and nine hundredths.
The
thermometer has averaged 71. the highest
being 91 and the
lowest 5<».
The crop is developing finely.
Memphis, Tennessee. — Rain has fallen on three dayj, to a depth
of one inch and fifty-four hundredths, and it was
generally
needed. The weather has been too cold,
yet the crop is develop¬
ing promisingly.
I he fields are. mostly clear of weeds and
grass.
Average thermometer 72, highest 93 and lowest 54.
Mobile, Alabama.—It has rained very lightly on two
days of
the week, the rainfall reaching one hundredth of an inch.
Crop
accounts are less favorable, the weather
having *>een too cold,
i he thermometer has
averaged 75, the highest being 91 and the
lowest 61.
The
r<
infall for the past month is three inckes and
fifty-six hundredths.
Montgomery, Alabama.—It has rained on two days, the rain¬
fall reaching twelve hundredths of an inch, but the balance of
the week has been pleasant. The crop is
developing promisingly,
and accounts are more favorable.
The thermometer has
ranged
from 58 to 94, averaging 68.
The rainfall for the month of May
is three and ninety-liundredths inches.
Selma, Alabama.—It has rained during the week on two days.
The crop is developing promisingly.
Madison, Florida.—There has been rain at this point on one
day the past week, but not enough to do much good.
! he ther¬
mometer has averaged 80, the highest
point touched having been
87, and the lowest 73. Crop accounts are less favorable, as cotton
is covered with lice.
Macon, Georgia.—We have had warm, dry weather throughout
the week, the thermometer langing from 52 to 94.
Crop accounts
are more favorable.
1 he fields are clear of weeds.
There has
been a rainfall during the month of May, this
year, of three
inches and twenty-six hundredths, and last year of four inches.
Columbus, Georgia.—We have had warm, dry weather during
The thermometer has averaged 75.
Savannah, Georgia.*—It has rained here on two days, the rain¬
fall reaching twenty-eight hundredths of an inch, but the rest of
the week has been pleasant.
The thermometer has averaged
78, the highest being 87 and the lowest 67.
Augusta, Georgia.—The weather during the week has been
clear and pleasant, no rain haying fallen.
Accounts are good,
i he fields are clear of weeds and the cotton
plant looks strong
and healthy.
The thermometer has averaged 78, with an
extreme range of 59 to 90.
The past month has been very dry,
the rainfall reaching only eighty-four hundredths of an inch.
Charleston, South Carolina.—We have had light showers on
one day the past week.
The thermometer has averaged 78, the
the week.
highest being 87, and the lowest 68.
Comparative Port Receipts and Daily Crop Movement.—
reported.
A comparison of the port movement by weeks is not accurate,
Galveston, Texas.—It has rained on two days, showers, and as the weeks in diderent years do not end on the same day of
the
we are
needing more. We hear .rumors of the appearance of month.
We have consequently added to our other standing
caterpillars, but think them of very li.ttle importance. 1 he ther¬ tables a daily and monthly statement, that the reader may con¬
mometer has ranged from 64 to
87, averaging 76. The rainfall stantly have before him the data for seeing the exact nlativo
gress are
„
THE CHRONICLE
584
movement for the years
each port
each day of the week ending
PORT RECEIPTS
FROM SATURDAY, MAY
to-night.
31, ’79, TO FRIDAY, JUNE
Wil¬
New
of
Or¬
we’k leans.
D’ye
Char¬ Savan¬
Mo¬
bile.
leston.
nah.
Galvest’n.
64
350
0
457
Bat..
First we give the receipts at
named.
Nor¬
folk.
ming¬
ton.
4
724
3
500
9
1,329
1,010
30
72
10
16
880
Tues
10o
22
60
156
137
225
430
41
100
64
108
127
Thur
64
62
147
10
136
287
Fri..
841
54
182
70
510
87
Tot..
1,437
257
849
380
2,428
1,511
Year
XU.UU
Receipts.
Sept’mb’r
October..
Novemb’r
Decemb’r
January
February.
.
March...
April
..
..
May
1876.
1877.
288,848
689,264
779,237
893,664
619,727
566,824
303,955
167,459
98,491
578,533
84,299
96,314
2,556
2,002
2,044
1,886
310
1,044
1,557
4,203
11,089
O
336
....
IS
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
68,939
822,493
900,119
689,610
472,054
340,525
197,965
1875.
follows:
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
92,600
1873.
1874.
115,255
355,323
576,103
134,376
536,968
676,295
811,668
759,036
444,052
383,324
251,433
133,598
81,780
702,168
482,688
332,703
173,986
127,346
be increased by
either will be available
quantities than
Dliarwar arriving is
very disappointing, and the bulk of the small supplies promised
of this growth, this season, is said to be likely to turn out but
little better than “ Goodfair.”
Notwithstanding that high prices must tend to bring forward
nearly all the cotton available, it is still improbable that the ex¬
ports hence to Europe for the half-year ending 30th June will
exceed 525,000 bales.
This deficiency, however, is likely to be
more than counterbalanced by the large exports of cotton from
Calcutta to Europe, which already amount to 90,178 bales, and
by the exports from Madras, Tuticorin and Coconada, which
promises to show a considerable increase on last year’s figures.
regard to the statement of Messrs. Wallace & Co. as to
shipments from Bombay to June 30, we should remember that,
according to our cable figures, the Bombay receipts are this year
up to June 5th only about 70,000 bales less than last year, with a
considerably decreased home consumption reported the beginning
of the year.
It looks to us, therefore, as if the exports from
Bombay the remaining weeks of the month ought to be much in
excess of the same weeks of last year.
With
Shipments.—According to our cable dispatch received
there have been 3,000 bales shipped from Bombay to
Great Britain the past week and 6,000 bales to the Continent:
while the receipts at Bombay during this week have been 35,000
bales. The movement since the 1st of January is as follows.
These figures are brought down to Thursday, June 5.
to May 31 the receipts at
the
196,173 bales more than in 1877 and 483,55*3
time in 1876. By adding to the
above totals to May 31 the daily receipts since that time, we
shall be able to reach an exact comparison of the movement
to-day,
ports this year were
bales
more
than
for the different years.
1876-77.
1877-78.
1875-76.
1873-74.
1874-75.
Great
Brit’n.
Great
Conti¬
nent.
Reoeipts.
Shipments since Jan. 1.
Shipments this week
at the same
1878-79.
Bombay hitherto are
Bombay
4,392,277 4,196,104 3,903,725 4,013,875 3,400,862 3,677,210
Perc’tage of tot. port
96-66
97-25
95-77
9667
9655
receipts May 31..
Tot. My 31
This statement shows that up
The receipts of this growth into
about 100,000 bales short of last year’s figures at same date, and
before the year is out we expect the deficiency to
at least 50,000 bales. Dhollerah and Comptah are likely to be in
fair supply henceforward, but we doubt if
for export before the rains in much larger
was
the case last year.
The quality of the S. G.
Beginning September 1.
LUlj
1878.
....
since Sept. 1 has been as
The movement each month
Total
274
Mon
Wed
All
others.
677
511
0, ’79.
surely.
[VOL. XXVJU.
Total. Britain.
Conti¬
Total.
nent.
1879 3,000 6,000 9,00o 186,000 241,000
1878 30,000 10,000 40,000 260,000 334,000
1877 11,000 15,000 26,000 315,000 352,000
This
Week.
427.000 35,000
594,000 36,000
667,000 31,000
Since
Jan. 1.
658,000
729,000
912,000
foregoing it would appear that, compared with last
there has been a decrease of 31,000 bales in the week’s ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 167,000 bales,
compared with the corresponding period of 1878.
From the
Apr.30 4,307,978 4,099,790 3,834,786 3,921,275 3,319,082 3,519,894
4,399
2,501
3,097
2,013
4,145
2,575
May 1,...
8,
“
4,976
3,551
3,561
2,707
2....
6,454
8.
7,347
1,675
4,906
7,161
3....
2,455
6,694
5,874
3,098
4,512
4....
8.
2,032
5,570
“
2,117
S.
2,032
4,761
5....
4,854
“
2,918
8.
2,584
4,694
6....
5,164
3,936
3,298
8.
2,948
5,243
4,062
7....
2,726
5,915
2,275
4,187
7,008
8....
3,851
2,439
8.
2,971
2,484
2,435
4,257
9....
2,621
8.
"
5,161
1,794
4,642
4,886
10....
1,953
"
9,842
2,945
3,478
3,575
S.
11....
2,925
3,378
3,371
S.
3,591
2,489
12....
3,998
4,274
8.
“
3,415
2,832
4,324
13....
4,211
8.
3,741
3,683
4,167
3,390
14....
3,161
4,311
“
4,465
6,189
2,641
3,619
15....
1,771
8.
3,824
2,786
2,075
3,232
"16....
4,803
8.
"
3,654
2,895
2,902
2,607
17....
2,718
9,717
2,130
3,634
2,039
S.
2,703
18....
4,672
••
2,651
3,841
S.
1,301
19....
4,074
4,666
8.
"
1,584
1,775
4,140
20....
4,097
8.
3,012
3,429
2,927
2,696
21....
2,759
4,728
"
3,154
4,394
2,758
2,915
22....
1,541
8.
4,791
894
2,427
2,129
23....
1,484
S.
2,885
3,856
1,843
5,149
24....
2,733
6,415
«
3,484
2,779
2,385
S.
3,038
25....
3,842
2,166
2,285
8.
1,171
26....
3,913
4,821
8.
1,575
1,519
4,072
27....
3,259
8.
3,922
2,219
1,503
2,800
29....
2,018
4,816
«
1,875
4,062
1,791
3,192
29
1,907
8.
2,713
1,999
1,930
2,553
30....
3,283
2,258
3,090
1,552
1,501
2,545
31....
2,556
T'l
“
year,
“
“
Receipts and Shipments.—Through arrange¬
have made with Messrs. Davies, Benachi & Co., of
Alexandria
ments we
Liverpool and Alexandria, we shall
hereafter receive a weekly
The
of cotton at Alexandria, Egypt.
"
cable of the movements
“
receipts and shipments the past week, and for the correspond¬
ing weeks of the previous three years, have been as follows :
•«
“
“
Receipts (cantars)—
This week
Since September
“
"
■
M
"
"
...
“
"
Tot My 31
Junel....
4,392,277 4,196,104 3,903,725 4,013,875 3,400,862 3,677,210
S.
“
2....
2,002
«•
3....
2,041
"
4....
1,886
1,014
1,557
"
5....
"
6....
1,351
2,269
1,254
S.
S.
2,359
2,396
1,243
1,704
2,821
2,309
1,812
1,962
2,034
2,784
.1,578
2,003
S.
2,562
1,570
2,861
2,714
1,110
8.
3,090
2,627
2,614
2,978
2,674
2,442
4,100,S10 4,206,075 3,913,272 4,023,323 3,412,642 3,693,665
v
Percentage of total
9709
9600
97-58
96-91
96-78
pt. reo’pts June 6.
Total
Since
table the percentages of
received June 6 in each of
India Cotton.—Messrs.
write
as
total port receipts which had been
the
years
named.
follows:
are reported of 1,000 bales on spot
ordinary, taking all to be had at these figures.
very firm at 2|c. for this description, while
and sales
quality 2& is the figure, the
ward
tendency.
at 2£(a>2 5-16c. for
Holders are now
for prime bagging
close being very strong with an up¬
at New York,
week, and since
September 1, 1878:
!
New York.
Receipts
from—
This | Since
week. Sept.
| Philadelphia. |
Boston.
I This | Siuce
N. Orl’ans
Texas....
Savannah
Florida...
S.Carolina
N.Car’lina
Nortli.p’ts
Tenn., <fco.
Foreign
..
5,387 146,317
1,327 119,982
1,468 139,632
19,972
91,239
40,007
142,820
6,520
464 147,259
812
7,936
14
295
310
766
This year. 10,843
generally continues satisfactory. The Broach crop
coming to an end, and Oomrawuttee is falling off
is rapidly
slowly but
Last year. 10,647 8H7,207
861,684
750
Baltimore.
This I Since
week. Sept.l. week. Sept 1*
This
l.J week. Sept. 1.
the quality
week have
The following are the Receipts of Cotton
Boston. Philadelphia and Baltimore for the past
coming in more freely lately, and
Cotton has been
that the receipts the past
5,000 cantars, and the shipments to all Europe have been
3,500 bales.
Gunny Bags, Bagging, &c.—Bagging continues in good de¬
mand and the tendency is still upward.
Since our last there
have been some large transactions at full figures, but the details
have not been made public.
Following our previous report,
parcels were still to be had at our quoted figures, but during this
week holders declined to accept these rates, under the influence
of an increased demand, and for standard quality 11c. is now the
best figure, while for 2 lb. 10c. is quoted.
Butts are also active,
Virginia..
Wallace & Co., under date of May 5,
5,000
457,000
429,000
been
shows that the receipts since Sept. 1 up to
to-night are now 194,735 bales more than they were to the same
day of the month in 1878, and 487,538 bales more than they
were to the same day of the month in 1877.
We add to the last
September 1...
This statement shows
2,000
399,000
3,500
244,500
This week
-
This statement
15,000
10,000
2,000
5,000
2,840,000
2,663,000
2,582,000
1,655,000
1...
Exports to Europe (bales)—
,
"
1876.
1877.
1878.
1879.
Alexandria, Egypt, June 5.
Since
840
11,679
13,477
34,215
1,100
3,040
733 23,409
632
45,819
100
45
933
20,434
13,239
4
71
i,3S3 55,49i
2,433 125,407
2,132 99,081
52,937
27
1,226 58,279
27,300
1,959 85,013
1,640 159,756
7
7,698 340,557
2,054
321,5211
140.773
756 67,517 2,398
June
THE
7, 1879.]
CHRONICLE
closing price of Midding Uplands 6 15-lGd., of Middling Orleans 7d. Estimated
sales of the day 10,000 bales, of which 2.000 were for speculation and export.
Futures at 12:30 P. M. quiet but steady.
The actual sales of futures at Liverpool, for the same week, are given
below. These sales are on the basis of Uplands, Low Middling olause,
unless otherwise stated.
Shipping News.—The exports of cotton from the
States the past week, as per latest mail returns, have
United
reached
15,470 bales. So,far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
The Chronicle* last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
Friday
Iris, 210.... Victoria, 1,162
1,799
4,619
Saturday, i
Monday.
> Whitsuntide
Tuesday. )
*
509
195
1,951
578
Junc-July
15,470
particulars of these shipments, arranged in
our
Liverpool. Havre.
2,122
1,799
4,619
1,954
*
New York
New Orleans
Mobile
Baltimore
Boston
....
Bremen.
140
509
195
9,429
Delivery.
-7 4
®332
July-Aug. 74©42®3ig
Aug.-Sept
7'i32©14
Aug.-Sept
Sept.-Oct
•7933
Scpt.-Oct
Junc-July
74
Delivery.
195
.7
Delivery.
d.
*....74
Aug.-Sept
Sept.-Oct
74
Oet.-Nov
Nov.-Dee
63133
64
-7332
.
Delivery.
Delivery.
Aug.-Sept
June-July. ,7@63i32©7
‘.7 4® *32 July-Aug
Sept.-Oet
July-Aug. 74®332®1ig
Oct.-Nov
7332®3ig
7i32©7
67s
©•L.j
578
1,227
.7932
Oct.-Nov
3,554
4,619
67s
,
d,
June-July
June
1,954
578
©43
Oct.-Nov
Thursday.
Total.
2,262
7,122
....
3,554
Total
d.
usual form,
Genoa.
d.
Holidays.
7Ljo©i1g
follows:
are as
Delivery.
Sept.-Oct. 74©42®316
Wednesday.
Delivery.
3,551
Total
The
2,122
140
(May 30.)
Delivery.
d.
J uly-Aug 7*32 © 4g®332
©liG
Aug.-Sopt. 74®532@ 4
May
6I®ig©3132
May-Juno.. 61516©31H2
JuilC-July.. 613lfl©3l32
©7©6313o
New York—To
1,915
d.
Delivery.
Total bales.
Liverpool, per steamers Adriatic, 47—per ship
Iron Cross, 2,075
For Bremen, per steamer Neckar, 140
New Orleans—To Liverpool, per steamer James Gray, l,7o9...
To Havre, per ship Crescent City, 4,619
To Bremen, per steamer Braunschweig. 509
To Genoa, per bark Domenico Lanata, 195
Mobile—To Liverpool, per bark Henry Norwcll, 1,951
Baltimore—To Bremen, per steamer Ohio, 385
and in transit
from Central America, 193
Boston—To Liverpool, per steamers Samaria, 231 — Illyrian,
585
71 is
Aug.-Sept
Sept.-Oct
74
7hi2!
Friday.
Delivery.
15,470
I
Delivery.
6i5ifi©--2»32 I Juno
July-Aug... 7ii6®®l32 I July-Aug
©7 I Aug.-Sept
Aug.-Sept.. 4®332©4g *Tune
Sept.-Oct
7»32 I July-Aug
Juno
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Castlewood (Br.)
In the case of steamer Castle wood (Br.) from
Charleston for Reval, which was towed into Bermuda Feb. 7, with
loss of propeller, the Vice-Admiralty Court has awarded salvage as
follows: to steamer Canima and owners £1,500, to Capt. Leddicoat
£900, to crew of Canima £1,100. Salvors costs also allowed. An
appoal to the Privy Council of Great Britain has been noted.
Chancellor, steamer (Br.), from New Orleans, grounded outside
Canning’s dock at Liverpool, P. M. of May 17, but came off at high
I
Delivery.
Oi^e | Aug.-Sept
74
7
-742 I June
73.32 I July-Aug
742® 4
63i32 I Aug.-Sept.........742
74g { Sept.-Oct
74s
BREADSTUFFS.
Friday, P. M., June 6,1879.
water and docked.
Lartington, steamer (Br.), as she lies stranded on the reefs N.W. of
Bermuda with masts, yards, anchors and cables, and about 100
tons coal, was sold at auction May 21.
The cotton in the steamer
The flour market has been
moderately active, with prices
showing an improving tendency, especially in good, useful
Avas not sold, and sufficient time must be allowed by the purchaser
low grades and common extras, which have become compara¬
of the wreck for its removal.
China. 273 bales of cotton (making in all 1,421 bales, a large portion of
tively scarce. Production at all points is quite moderate, and
them in a wet condition) were landed at Fredrikshaven, May 17,
so much is done on contracts that the offerings are compara¬
from the ship China from New Ormans for Reval, before reported
ashore near Lokken.
tively small. Rye flour and eorn meal are without change.
Ella S. Thayer, ship, from Savannah for Reval, which was ashore at
Spitham, was assisted off and towed into Reval May 16 by the To-day, the market was quiet and unchanged.
salvage steamer Dwiua. Contract made for one-sixth of ship and
The wheat market has been unsettled in tone, with prices
cargo.
Filippo, bark (It.), Delietri, from New Orleans for Cronstadt, anchored variable and
irregular. On the whole, however, some improve¬
at the back of the Goodwin May 18, after getting off the sands.
She sailed again for her destination.
ment may be quoted, except for low grades of spring growths,
.TIbra, brig (Nor.), which went aground some time ago near Bird Island,
Galveston, was lying on her sides in the west levee slip. Galveston, the export demand having somewhat improved, and the views of
May 26, undergoing repairs. She was considerably damaged by holders strengthened, by the reduction in the. visible
supply.
the thumps sho received on the bar, and all of 10 days will bo
^
required to repair her.
Yesterday, at some further advance, business was checked.
Cotton freights the past week have been as follows:
Still, transactions were considerable, and embraced No. 2 spring
at $1 05@j51 03 on the spot and for Jnne; No. 2 red winter
Mon.
Tues.
Satur.
Wednes. Thurs.
Fri.
$1 17@$l 18 on the spot, $1 15/6@$i 16% for July and $1 12/6
Liverpool, steam d. He®1* 316® *4 3io® *4 3ig® 4 316®4 316© 4
for August; No. 1 white, $1 16@$1 16% on the spot, and for
do
sail
d. 31G®1364 31G®13G4 316® l364 316© l3G4 316®1364 316© l3G4
June and July ; and No. 2 amber $1 15%@1 16 on the spot.
© h2* ....©*h2
© 4*
© 4*
.©4*
© hi*
Havre, steam—c.
.© 4 ....©ha
do
sail.. .,...c. ....©4 ....©4
...©hi
© hi
To-day, prices were maintained, but export trade was very dull
© 4* ....© V
© hj*
© hi* ....©hi*
Indian eorn has been in liberal supply, especially of Western
.©4*
Bremen, steam, .c.
do
sail
c. ---*®716 ....©lie --••®716 ....©Ug -...©716
6
mixed, via Erie Canal, and the hot weather having made
Hamburg, steam, c. -.-®*916 ...©*$>10
©*^16 -.-@*9ig ...©*9lG
prompt sales desirable, the pressure upon the market caused a
do
8ail...c.
.© 4
© ’-a
...©4 ....©4
©hi
...©4
decline in values. Yesterday, however, there was some recov¬
....©..
....©...
....©...
....©.. ....©...
Amst’d’m, steam c.
.©.
.©.
do
sail
.©.
c.
.©.
.©.
.©.
ery, with sales of No. 2 mixed at 44@41%c. on the spot and for
.©.
.©.
.©.
.©.
.©.
.©.
Baltic, steam—d.
June, 44%c. for July and 46@46%c. for August; steamer
.©.
.©.
do
d.
.©.
.©.
sail
.©.
.©
mixed, 42%(o)43c. on the spot, 42/6c. for June and 43c. for
Compressed.
July;
aud Western white, 48@51.36c. Southern corn is very
Liverpool.—By cable from Liverpool, we have the following
scarce.
To-day, there was a stronger but not decidedly higher,
statement of the week's sales, stocks, &c., at that port :
and rather quiet, market.
Juue 6.
May 16.
May 23. May 30.
Rye has been tending upward, and yesterday prime State
Sales of the week
bales.
63,000
53,000
34,000
35,000 sold at 64%c.
Barley and barley malt remain quite nominal.
Forwarded
9.000
4,000
7,000
5,000
Canada
peas quiet, but firmly held. Oats have continued to
Sales American
47,000
36,000
26,000
27,000
Of which exporters took
4,000
6,000
3,000
2,000 meet with an active demand, and prices have further advanced
Of which speculators took..
10.000
3.000
8,000
3,000
Total stock
566,000
566,000 601,000
597,000 l@2c. per bush., the latter for re-mixed.
To-day, the market
Of which American
450,000
455,000
479,000
471,000 was
again
higher,
and
No.
2
graded
closed
at 33^6c. for mixed
Total import of the week
30,000
47,000
74,000
35,000
-
,
c
.
....
...
....
....
....
.
...
...
....
....
...
....
....
....
—
.
.
..
....
Of which American...
Actual export
Amount afloat
14,000
5,000
300,000
Of which American
.180,000
37,000
52,000
19,000
4,000
354,000
4,000
326,000
3,000
314,000
181,000
143,000
136.000
and 40%c. for white.
The following are closing
Tiie tone of the Liverpool market for spots and futures, each dav of
the week ending June 6,, and the daily closing prices of spot cotton,
have been as follows:
Saturd’y. Monday. Tuesday. Wedn’sdy Thnrsd’y
Spot:
\
p.m.J
Market,
12:30
Mid. Upl’ds
Mid. Orl’us.
Market,
\
j
5 P. M.
Sales..
Spec. &
exp.
5
{
J
P. M.
it
a
a
2
A
O
o
o
w
w
w
Easier.
firmer.
Superfine
Extra State,
Friday.
7
73ig
74
74g
£
•H
d
d
d
d
d
a?
■
03
I
A
a
£
£
ping extras
18,000
3,000
8,000
1.0L0
as
3 90©
Soutli’n
ship’g extras.
Rye flour, superfine..
Quiet.
Western, &c
Firmer;
last quo.
Brandywine, &c....
Strong.
follows:—Spot .market, at 12:30
cable dispatch
P. M., hardening
.
4 20©
City shipping extras.
Corn meal—
buyers at
3 75© 4 10
4 25© 6 00
4 50©
family brands
6,000
1,000
3 80© 3 90
do XX and XXX...
Minnesota patents...
Southern bakers’ and
Friday, May 30, on which day the regular
were
&c
extras
do XX and XXX...
Western winter ship¬
easier.
74g
3 40© 3 75
Western spring wheat
Dull,
74
GRAIN.
$ bbl. $2 60© 3 30
State and
Western
Q
n
received,
>>
i—<
The market, &c., for
was not
and
No. 2
•H
Futures.
Market,
Active
quotations:
FLOUR.
5 50©
4
6
7
5
40
00
75
25
Wheat—
No.3 spring,
No. 2 spring
bu. $0 93 ©0 94
1 04 ©1 06
Rejected spring..
73 © 74
Red winter, No. 2 1 174® 1 18
White
No. 1 white
Corn—West, mixed
Western No. 2...
Yellow Southern.
White
do
Rye—Western
State and Canada
5 00© 6
4 25© 4
Oats—Mixed
3 10©
25
85
3 40
Barley—Canada W
2 10©
2 50©
2 35
2 55
White
State, 4-rowod
State, 2-rowed
Peas—Can’da,b.&f.
113
1 16
41
44
45
50
©1 17
©1 164
©
©
©
©
444
444
60
©
63
36
©
©
62
65
39
374©
©
©
©
74 ©
40
54
43
.
.
92
Receipts of flour and grain at Western lake ^nd riyer port?
ending May 31:
for the week
THE CHRONICLE.
586
Barley,
Flour,
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bush.
Rye,
continued
I Voju xxvm.
liberal scale
by interior jobbers, who (in order t&
freely
are
availing themselves of water
Chicago
transportation. There was a steady movement in the most
Milwaukee
Toledo
staple cotton and woolen goods on account of former orders,
Detroit
and
a more spirited demand for shawls and skirts was
Cleveland...,
developed
8t. Louis
the
week.
The
tone
of
the
market
for
both
cotton
during
and
Peoria
woolen goods was very firm, and many additional makes were
Duluth
advanced by manufacturers’ agents. Unfavorable reports in
Total
138,937 1,605,692 3,292,521 1115,143 64,018 89,255
Previous week... 124,134 1,460,878 2,064,364 1042,844 52,070 93,822
regard to the silk crop have caused a rapid advance in raw silk,
do
’78... 103,542 1,244,442 4,282,946 896,401 57,882 75,314
and this was reflected in higher quotations for several kinds of
Total receipts at same ports from Jan. 1 to May 31, inclusive,
manufactured
silk goods of domestic and foreign production.
for four years:
At-
1879.
bbls.
Wheat
bush.
1878.
1877.
2,708,181
2,435,134
1,750,401
2,155,160
24,091,085
7,064,051
29,241,480
7,144,660
2,209,743
826,455
16,056,088
27,296,951
8,818,661
2,754,313
602,535
46,486,389
55,528,548
Barley
2,202,864
Rye-
1,300,909
25,925,439
37,313,225
10,487,134
2,664,183
1,722,533
73,247,269
78,112,524
Com
34,504,490
Oats
11.147,921
grain
....
1876.
Comparative shipments of flour and grain from the
ports from Jan. 1 to May 31, inclusive, for four years:
Flour....
obtain
(196 lbs.) (60 lbs.)
(56 lbs.) (32 lbs.) (48 lbs.) (56 lbs.)
50,234 618,516 2,218,402 616,781 16,660 41,911
96,680
77,900 27,350 10,905
48,280 468,590
425
75
100
141,459
179,665
18,097
2,485
229,172
12,631
4,968
1,295
5,200
14,850
26,400
2,794
30,911
117,155 290,879 249,654 11,288 10,939
25,600
489,560 113,680
1,725
7,000 19,400
Flour
Total
bush.
bush.
.
1879.
1878.
2,829,998
2,467,873
1,757,638
2,317,311
bush.
20,311,259
27,988,078
8,000,065
1,892,759
1,137,557
22,968,760
30,262,981
6,148,280
1,465,655
1,339,714
6,587.674
21,067,618
5,220,077
1,750,967
561,317
15,938,326
23,329,003
6,494,106
1,140,268
535,349
1877.
cheap freights)
DoxMEstic Cotton Goods.—The exports
of domestics from this
port to foreign markets during the week ending June 3 were
2,176 packages, the chief quantities of which were shipped as
follows: Great Britain 1,407, Brazil 206, U. S. of Colombia 200,
Mexico 60, British West Indies 53, Hayti 49, Havre 41, Dutch
West Indies 37, Japan 35, &c. The demand for plain and colored
cottons continued very satisfactory, and prices ruled firm, with
an upward tendency, in view of the. exceptionally light supply
same
..bbls.
on a
1876.
on
hand.
Several makes of brown and bleached cottons, wide
sheetings, ticks, denims, &c., were further advanced by agents,
they evinced an unwillingness to accept orders for goods to
Corn....
Oats.
arrive, save “at value on the day of delivery.” Print cloths
Barley..
ruled quiet but firm at 4%c. cash for 64x64s, and 3%@3 13-16c.
Rye
j
cash for 56x60s, at which prices there was no pressure to sell
Total grain
59,329,718
62,185,390
35,190,653
47,437,052
because of the uncertainty regarding a threatened “ strike99 by
Receipts of flour and grain at seaboard ports for the week the Fall River
spinners. Light fancy prints remained dull, but
ended May 31:
there was a moderate inquiry for medium fancies, and shirtings
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
At—
bbls.
bush.
bush.
bush.
hush.
bush.
were in steady request.
Printed lawns continued active and in
New York
85,229 1,118,198 1,420,767 291,150 16,573 119,036
Boston
237,550 57,750
30,844
72,809
8,000
400
light supply.
Portland
Wheat..
..
....
but
.
....
2,500
Montreal
16,543
10,420
16,686
9,073
Philadelphia
2,000
311,120
784,000
563,300
75,310
64,000
45,000
32,348
1.740.172
54,456
102,897
241,200
336,450
4,246
1,000
297
96
36,361
5,500
1,500
Domestic Woolen
Goods.—There
was
a
fair
measure
of
activity in most descriptions of woolen goods adapted to the
only maintained, but some makes
were subjected to a reasonable advance.
Fancy cassimeres
Total week
171,300 1,875,791 3,394,047 489,545 24,669 162,797
Previous week... 197,480 2,410,736 2,799,186 583,298
9,100 175,264 were moderately active, and cheviots continued in good request.
Cor. week ’78.... 146,680 1,991,604 3,688,147 883,713 79,870 2o3,941
Cor. week ’77.... 107,5^5
482,920 2,201,027 404,753 98,650 53,225 For worsted coatings there was a fair demand, with most rela¬
tive activity in such staple styles as diagonals, stripes, &c.
And from Jan. 1 to May 31, inclusive, for four years:
1879.
1878.
1877.
1876.
Meltons were also in fair request, and there was a moderate
Hour
bbls.
4,163,243
3,536,857
2,845,987
3,707,765
movement in overcoatings, Moscow and cotton-warp beavers
bush. 3 4,186,545
Wheat
30.048,3073,033,716
14,764,734 and cloakings.
Transactions in flannels were checked to some
Corn
46,563,976
47,344,730
3o,136,o7o
32,882,239
extent by the depleted condition of agents’ stocks, but large
Oats
8,096,311
7,457,628
6,588,496
8,087,309
2,266,147
Barley
1,414,036
1,232,708
1,881,584 deliveries were made in execution of previous orders. Kentucky
2,001,362
Rye
1,588,247
569,886
404,151 jeans were fairly active, and the late advance was
folly main¬
tained on leading makes.
Worsted dress goods were in light
Total
91,849,115
89,118,174
46,541,381
58,020,017
demand, but there was a
increased inquiry for
Exports from United States seaboard ports and from Montreal, woolen shawls and felt skirts, materially
and
liberal
sales of these goods
for week ending May 31:
were effected at about old prices.
Wheat,
Corn,
Flour,
Oats,
Rye,
Peas,
Foreign Dry Goods.—There was a very light demand for
From—
bbls.
hush.
bush.
hush.
bush.
bush.
New York
64,352
imported goods at first hands, but prices have in some cases
105,701
824,401
Boston
23,508
57,761
165,174
developed an upward tendency. Silks and silk velvets are
Portland
1,182
more
firmly held by importers, and cotton velvets have
Montreal*
6,422
163,237
180,567 12,887
136,543 advanced
fully 10 per cent. In linen and white goods there
Philadelphia..
5,170
189,136
464,358
59,868
Baltimore
was no movement of importance, and men’s-wear woolens ruled
8,288
444,499
476,300
Total for w’k 108,922 1.906,244 2,110,800 12,887 59,868 136,543 quiet; but there was a fair demand for moderate parcels of
Previous week. 127,640 1,545,727 2,382,692 48,056 187,383 56,059 hosiery, gloves and lace mitts.
Baltimore
New Orleans
fall trade, and values were not
;
Two weeks ago
Same time’78.
110,259
61,090
2,315,274
1,394,488
2.200.173 121,973
85,152 130,255
62,852
63,255
*
And 23,874 bushels barley.
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and canal, May 31,
In Store at—
New York
New York, afloat.
‘
Albany
Buffalo
Chicago
Milwaukee
Duiulh
Toledo
Detroit
Oswego
St. Loiiis
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Rail shipments...
Lake shipments..
On. Canal
Wheat,
bush.
1,804,706
550,000
800
1,023,735
4,503,945
1,745,344
Corn,
Oats,
hush.
bush.
467,378
750,000
49,000
753,513
2,692,743
52,634
325,000
100,000
358,314
250,583
174,941
2,421
110,000
95,000
103,989
946,948
24,2*8
253,937
166,919
1,489
123,734
42,300
464,121
595,293
13.006
131,920
11,050
33,000
102,513
177,884
346,915
440,024
866,739 1,331,730
1,116,248 1,049,709
1,350,000 1,369,000
was as
follows:
Barley,
Rye,
hush.
139,857
97,044
75,000
10,055
302,496
52,445
10,800
8,704
161,277
27,000
1,334
138,299
28,610
39,585
7,0a2
15,000
190
51,970
48,667
11,000
15,074
61,657
551
18,000
30,709
860
5,800
49,463
68,102
3,700
742
556
112^926
557,347
51,322
25,000
””550
29,071
1877, have been
667
47,411
37,000
21,000
213.000
15,286,257 11,186,500 1,628,733
707,368
24.’79
13,960,446 9,897,127 1,649,426
873,810
17, ’79...... 15.331,650 11,322,544 1,549,756
982,246
10, ’79
15,108,410 10,626.900 1,759,133 1,176,664
15,965,290 11,844,49s 2,033,612 1,365,2 L2
3, ’79
1, ’78...... 6,975,914 10,398,388 2,487,356 1,208,958
684,636
807,793
May
May
May
May
June
831,379
877,174
952,300
526,083
THE DRY GOODS TIADE.
Friday, P. M., June 6, 1879.
There has been
immediate
only a moderate demand for dry goods for
distribution, but operations for the fall trade were
follows:
1877.
Pkgs.
5, 1879.
Miscellaneous
Total
Pkgs,
1879.
Value.
280
209
550
307
876
111,030
1,107
So,931
2,465
1,027
159,130
202,143
139,861
31,868
2,985
557,291
4,558
601,776
Miscellaneous
113
91
59
215
477
44,198
955
27,761
58,224
51,8S4
13,798
-
263
760
571
68,774
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
ING THE SAME PERIOD.
Manufactures of—
Wool
Cotton
Silk
Flax
Value.
Pkgs.
$
$
82,536
147,667
160,127
229
493
Wool
Cotton
Silk
Flax
1878.
Value.
Manufactures of—
93,244
209,325
303.212
598
182,125
75,065
3,268
862,971
1,076
THE
MARKET
DUR¬
116
243
57
185
94
45,862
44,857
48,807
28,162
20,119
1,999
56,704
85,807
70,663
41,761
23,392
692
862,971
150
118
74
205
"
228.327
Total
Ent’d for consumpt.
2,985
19-5,865
557,291
4,558
187,807
601,776
2,546
3,263
market...
3,940
753,156
5,250
789.583
5,814 1,091,298
Total
Total
as
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING JUNE
bush.
262,222
112,000
7,188
2,669
25,970
33,765
Importations of Dry Goods.
The importations of dry goods at this port for the week ending
June 5, 1879, and for the corresponding weeks of 1878 ana
on
ENTERED FOR WAREHOUSE DURING
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
162
173
75
155
SAME PERIOD.
39,355
47,541
49,635
30,797
12,741
61,922
43,198
60,272
32,850
58,090
118
136
49
172
77
256,332
601,776
552
180,069
4,558
3,268
862,971
7,184
858JOS
3.820
1,043.040
214
118
54
463
618
83,047
37,251
38,830
73,268
15,227
2,061
Total
Ent’d for oonsumpt.
1.467
2,985
247,623
557,291
Total at the port...
4.452
80
i,914
2.626
@FedFRASER