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: I
XUKlt
HUNT'S MERCHANTS' MAGAZINEREPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
VOL
NEW
2^.
YORK, MARCH
Financial.
Financial.
THB
(ISCOKPORATED NOVEMBKK,
1
62
1S59.)
WAIJL STREET,
NEW YORK.
">
ZSSRATEBS or TH«
(Jnited States Bonds, Notes, Currency
and National Bank Notes.
Enorattno and PBrsTiNS or
BANK-NOTES, STATE ASD KAILEOAD BONDS,
POSTAOE AND REVENITE STAMPS,
CKBTIFICATES, DRAFTS, BILLS OF EXCHANGE,
AND COMMERCIAL PAPERS.
The Bank of California, San Francisco.
Co.,
York.
Accounts ami Agency of Banks, Corporations,
firms and Indlvlduata received upon favorable terms.
Dividends and Interest collected and remitted.
Act lis agents for corporailons In paying coupons
and dividends, also as transfer agents.
Bond?, stocks and securities bought and sold on
commission.
Sound railroad and municipal bonds negotiated.
Funds carefully invested In Western farm mortgages, and th? Interest collected.
Banque
Ceatrale
—
ijomni%inieation» may beaddrewted to this
Company
J.
J.
t»
any language.
H. VAN ANTITERP,
MArDONOlGH,
A. D.
Anversoise,
VIce-Pres't.
JNO. E. CVRBIBB, Secretarr.
Asa
SaxX
F. Pottke, Prest.
Phillips, Cashier.
Maverick National Bank
.
irlven
$400,000
200,000
prompt remlttanoea made on day of payment.
Boston business paper discounted. Correspondence
lavlted.
Kountze Brothers,
BANKERS,
WALL STREET, NEW YORK,
13
Issue Letters of Credit, available In
world
;
also.
Time and Sight
BANK OF LONDON.
Trask
Bills
all
parts of the
on the
6c
Francis,
BANKERS AND BROKERS,
Ko. 7
NEW
STREET,
NEW YORK.
STOCKS, BONDS and GOLD Bought and Sold on
Commission, and carried on Margins.
Oeposiu Received and Interest Allowed.
Accounts of Country Banks and Bankers received on favorable terms.
tV
Charles G. Johnsen,
MERCHANT AMD BANKER,
BVSINES*.
CORP.ESPONDESCE SOLICITED.
NEW
IJ4
BOSTON,
VOUli.
70 Stave Street
Pearl Street.
GOSSLER
&
Co.,
OOBRESPOKDKSTS OF
litteriiational Bank of iiamburs
Loudou, (Limited.)
IN EUROPE,
and
NEW ORLEANS,
&
Stuart
J.
33
HAAB.
J.
HEXaSTLEB.
SUEnNEMtTNl>T
Haar & Co.,
BANKEKS AND BROKERS,
45 WALL STREET.
DEALERS IN SPECIE AND UNITED STATES
SECUlilTIES. Buy and sell Stocks, Bonds, and Gold
for cash or on margin. S,}tclal attention paid to
orders fnr Investments.
E.XKCUTED AT THE PHILADELPHIA
OltDEltS
AND BOSTON STOCK EXCHANGES
Gregory
&
BANKERS, LONDON
BELFAST, IRELAND;
and on the
NATIONAL BANK OF SCOTLAND.
BANKERS,
Bonner &,
Co.,
AXD BROKERS.
No. 30 Broad Street,
BUT AND SELL
GOVERNMENT BONDS, GOLD, STOCKS AND
MISCELLANEOUS SECURITIES,
A. H. Brown
and
1
New
Co.,
Hiliners,McGowan& Co
BROKERS
IN
FOREIGN EXCHANGE AND GOLD,
63 TTall Street, New York.
(P. O.
BOX
2,M7.)
Special attention paid to the negatlatlon of
Com
kills.
York.
Gw^ynne
Per Cent Bonds.
Allcgficny City (Penn.) 4 Per Cent Bonds.
Louisiana Contol. Coupons duo July, *74, *T9 and
Northern Pacldc RK. Bonds and Stock.
'76.
Per Cent Stock, due 1881.
New Tork City 6 Per Cent Quarterly Stock, doe 18S7.
Qalncy CUy (111.) 6 Per Cent Registered Bonds.
InternaUonal liallroad (of Taxas) 1st Mort. U«nda.
«
&
Bankers and brokers,
7 Wall St., Cor. New, New York.
merclal
W^ANTED
6
Foote,
WALL STREET*
Special attention to business of country bank*.
CHA8. OnEOOKT,
HATURLK BALLOU.
Member N. Y. Stock Exchange.
Chicago City
&
No. 12
TIES bought and suld uu commission, for cash or on
SAJ^KEJiS
j
MANCHESTER &- COUNTY BANK,
"LIMITED";
JOHN STUART & CO., Bankers,
MANCHESTER, PAYABLE IN LONDON;
ULSTER BANKING COMPANY,
INVESTMENT SECURITIES.
Ballou,
STOCK AND BOND BROKERS,
6 Wall Street, New York.
STOCKS. BONDS and GOVERNMENT SECURI
G. T.
EXCHANGE ON
&. SMITHES,
PAYNE
Hatch
C. F.
Co.,
also,
HAMBURG.
J. H.
&
NASSAU STREET.
fOHN BERENBEr>G, GOSSLER & CO
Ohio State
LA
other California Securities.
CABLE TRANSFERS AND LETTERS OF CREDIT
FOR SALE
166 ORAVIER STREET
all
Exch inge. Letters of Credit and Telegraphic Transfers on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia City and San Fran-
SiniTH,
margin.
Transact a Oeneral Banking Business.
Particular attention Klven to tliepnrrUane and sialeor minlne Stocks In Sau
Francisco, Tor wlilcit tve have the best
BILLS OP
A
UNION
Cable Transfers made.
;
9,000,000 Francs.
COLLECTIONS, and
to
Receive deposits and transact a general banking
bU'lness execute orders at the N. Y. Stock Exchange
for Stocks, Government, State. Municipal and Railroad Bonds and Gold.
cisco.
HODSK
Surplus,
Special attention
-
TRANSACTS
GENERAL BANKING
BOSTON
Capital,
BANKERS,
AGENTS FOR THE BANK OP CALIFORNIA,
No. 13 Plue St., New York.
J.
Pai(l-Up Capital,
Pres't.
SlIKPARD, Treasurer.
Laidlaw & Co.,
raclllties; also
Antwerp.
Alteratloaa.
This Company engraves and prints bonds, postage
ilamps and paper money for various foreign
"Jovernments and Bankin? Institutions South
americau, European, West India Islands, Japan, &c.
VIce-Pres't.
Cashier.
Issue Bills of
tnartla devised and patented, to prerent counter
and
MILLS, President. vnA. ALVORD,
THOMAS BROWN,
Ie the highest etyle of the crt with tpecial iaf$leiling
Capital, Paid up is Gold, $5,000,000.
D. O.
BANKERS,
VriUlam Street, New
Co.,
664.
Financial.
&
Paton
Jesup,
National Bank-Note
OFFICE, No.
NO
16. 187b.
[EaUblishcd
18S4.]
&
Day,
No. 16 Wall Street.
Transact a general banking and brokerage busmen
and bonds, Ooremmcnt Securltlei
and Oola.
Interest allowed on deposits.
Invesaieats caret all}- attended to.
In Railway shares
:
THE CHRONICLE.
u
&
&
Ho.
34
SODTH Thied
8t.
Boulevard Haussmann
31
Pblladelpbla.
Paris.
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Securities. Gold,
bought and sold on CommlsEion. interest allowed
©n Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
available in all parts of the world.
etc.,
Attoksbts akd Agents or
Messr*. J. S. inORCiAN Sc CO.,
No. 88 OLD BROAD ST., LONDON.
Brown
&
Brothers
Bank of
Co.,
No. S9 TTAI.!. ST., N. Y.,
Commercial Credits Issued for use In Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
rates; also Cable Transfers.
countries,
and
1b
pounda
for use In any part
»ttrlitig
of the world.
'i
&
G.
S.
G. C. Ward,'
AGENTS FOB
BARING BROTHERS
COMPANY
&.
BANKERS,
Issne Letters of Credit for Trarelers,
Fsyable In any part of Europe, Asia, Africa, Aoatralla
and America.
Draw
-
Surplus,
Buys and
.
.
-
.
.
Ezckange and make telegraphic
Bills of
money on Eorope and
&
John Munroe
Sells Sterling
nVNROE
tc
.
Lichtenstein,
St., cor.
NEW
Excbange Place,
YORK.
Mate Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters oi
all principal cities
Credit
of Europe.
BPECLAL PARTNER,
DEUTSCHE BANK. Berlin.
Capital,
-
-
&.
General Manager.
Asst. General Manager.
W^Itb inessrs,
No. 52 W^llllam
St.,
DtjNCAN COPLSON, Cashier Hwgh Leach, Asst. Cash
Branches at Montreal, Peterboro, Cobourg, Port Hope
;
Barrie, St. Catharines, Colilngwood.
BANKERS:
London, England.— The City Bank.
Bank of Commerce,
Nrw
Ksw VrtRir
lOKK. i National
j (J J, sn,|y,ers and W. Watson.
Collections made on the best terms.
Foreign Bankers.
Adolph
of Montreal.
$12,000,000, Gold.
5,500,000, Gold.
S17RPLTTS,
President
R. B. ANCinS, General Manager
Nos. 69
AMSTERDAM, HOLLAND
Henry
Bay and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credits, available in any part of the world ; issue drafts
on and make collections in Chicago and throughout
the Dominion of Canada.
London
Office,
No. 9 Blrchln Lane.
Exchange
Bank
AOEirrS FOB
New York,
TBI
LONDON AND HANSEATIC BANK
(LuonO.-IiONDOB.
King
S.
&
Co.,
45 Pall IQall, London, England.
CIRCULAR NOTES /V-ei! 0/ c*ari7«, avallsWe
Issue
in all parts
of the world.
COMMERCIAL CREDITS
Grant
for
use agalns:
Execute Orders on the London Stock Bicbangt.
Collections on all Points.
Receive Deposit
and Current Accounts on favorable terms, and dot
General London and Foreign Banking Business.
KING, BAILLIE &. CO., Liverpool.
NEW YORK CORRESPONDENTS,
niessrs. WARD, CAlriPBELL * CO.
Bankers and Brokers.
FISK & HA.TCH,
Up
-
$1,000,000.
-
BANKERS,
U. S. Government
amounts
Pres't.
C. R.
NEW ¥ORK»
ST.,
Bonda
to suit Investors
eign coins.
;
bought
and sold In
also Gold, Silver,
and for-
Deposits received In Currency or Gold*
and Interest allowed on Balances. Special attention
paid to Investment Orders foj- Miscellaneous Stocks
Kennedy & Co.,
S.
BANKERS AND IHER CHANTS,
J.
OFFICE, MONTREAL.
GAULT,
NASSAU
No. 5
and Bonds.
OF CANADA.
MURRAY
Cashier
4 1 CEDAR, COR. WILLIAM
Ne«r York.
Buy and
sell
ST.,
Railroad Invest«ient Securities.
Col-
Coupons and Dividends. Negotiate Loans and
draw Bills of Exchange on London.
Agents for the sale of STEEL RAILS made by the
ect
Hamilton, Ont.; Atlmeb, Out.] Pabk Hill, Ont.
BEDFOED, p. Q.; JoLIBTTE, P. Q.
Cambria Iron Coinpaiiy,
AQElfClES:
JOUSSTOWN,
Quebec, Vallbtfibu).
150 Pearl Street,
BLAKE BROS. & CO,
BANKERS,
NEW YORK OFFICE,
ic 61 TFALL STREET.
BRANCHES:
Co.,
Co.
comm issioN nERciiANxs,
C. F. Suithbbs,
M. H.
&
&
Bcissevain
BANKERS
AND
Consignments of Mercliandise.
CAPITAL,
Icgraph to Paris and San
G. Amsinck
$1,000,000,
OFFICE, 1'ORONTO.
N. Y. Cor.-espondeots,—Messrs.
JESVP, PA TON & CO.
CO.,
Circular Notes and Letters of Credit through Messrs.
LAZARD F8EKESA CO, "t PARIS, payable In any
part of Europe.
Reserve,
$2,000,000.
Make
PARIS,
PRINCIPAL CITIES IN EUROPE.
Agents In New York:
Bank of Montreal,
59 Wall street.
street.
HEAD
INGuaM,
New York Agency,
HEAD
Money by
$6,200,000, Paid Up.
-
National Bauk of the Repuolic,
The New York Agency buys and sells Sterling Exchange, Cable Transfers and Gold, Issues Credits
available Iq all parts of the world, makes collections
In Canada .ind elsewhere, aid issues Drafts pftywbie
at any of the offices of the hank in Canada
Demand
urafts issued payable in Scotland and Ireland, and
every description of foreign banking busiuess undertaken.
DRAW SltiUT & TIME BILLS on the UNION BANE
Transfers of
Francisco.
.„„„,.
Agents.
BANKERS.
LONDON, ENG —The Clydesdale Banking Co.
NEW YOUK— The Bank of New YorK N. B. A.
Capital Paid
the
i
(
OFFICE, MONTREAL.
6S Pine Street,
On LAZARD FRERES
HARPER,
OOADBY.
President, the Hon. JOHN H.\MILTON.
Vice President, JOHN MoLENNAN, Esq.
Lazard Freres,
I.ONDON,
Cashle;
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper, payable in gold
or currency, dlSLOunted on reasonable terms, and
proceeds remitted to any part of the United States by
gold or currency draft on New York.
\ .„„„.„
WAI.TEE Watson, J Agents.
BANKERS,
WlUtam
G.
H.
1.
bank
CANADA.
Knoblauch
&
Lombard
OF
GEORGE STEPHEN,
CiBCDLAK Notes and Cbedits foe Tbavelebs.
Agents in London
BosANQrET, Salt & Co.,
Merchants'
Bank
PARIS.
CO.,
WILKIE,
Dealers (n American Currency and Sterling Excbange.
Exchange, anc^makes Cable
J.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS 6c CO., IiONDON.
And on
.
Co.,
No. 8 'Wall Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
9,9
-
.
trans-
California.
D. &.
;
OFFICE, TORONTO.
Beanches:—ST. CATHERINES, PORT COLBORNE,
ST. THOMAS, INGERSOLL, WELLAND.
Capital,
$6,000,000 Gold.
$1,900,000 Gold.
.
issues Commercial Credits available everywhere.
W.M. J.
69 BXCHANGX: PLAOB,
CURNBB BROAD STREET, NEW YORE.
fers of
WALL STREET.
No. 60
Capital,
GEOSGE HAGUE,
J.&W. Seligman&Co.,
HEAD
Ihe Bank of Toronto,
CANADA.
Bank of Commerce,
HEAD
52 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
$1,000,000.
ROWLAND, President
The Canadian
Transfers of Money,
THET ALSO ISSUE COMMEKCJAL CREDITS
MAKE CABLE TRANSFERS OF MONET BETWEEN THIS COITNTEY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
H. S.
93
Demand Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Bills
Collected and other Banking Business transacted.
D. A. MaoTAVISH, 5 ..._,.
Agents.
G.M.MORRIS,
Issue, against cash deposlud, or satisfactory gnaran.
tee of repayment, Circular Credits for Travelers, Id
dollars for use In the tTnlted States and adjacent
Capital,
WALL STREET.
No. 52
Bank of Canada
Imperial
British
North America,
& Co
Drexel, Harjes
Co.,
AGENCY OF THE
Co.,
WAIil. STREET,
CORNER OF BROAD, NEW YORK.
Drexel
Canadian Banks
I^Canadian Banks.
Foreign Exchange.
Drexel, Morgan
Vol. XXVI.
FOREiaS AGENTS:
Edgar Thompson Steel Co. (Limited),
LONDON.—The Alliance Bank (Limited).
NEW YORK,—The National Bank of Commerce
Messrs. Hllmers, McGowan & Co., 63 Wall street.
CHICAGO.-UiJlon National Bank.
Sterling and American Exchange
Interest allowed on Deposits.
Collections
est rates.
bought and
made promptly and remitted
PEJSN.,
AND THS
sold.
for at low-
PXTlSBUROn, PENN.
All business relating to the Construction and EQulpment of Railroads undertaken.
R, T. Wilson
&
Co.,
BANKERS AND COMMISSION MERCHANTS
2 Bccbange Court, Neiv York.
1
,
IHE CHUONICLE
Mjliicb Id. 1878.
Financial.
T inancial.
Dakota Southern RR.
NRW YOkK, March Utii. 1978.
'^I'HK rOjn.TIITTKK OF BR-OHOAN1 IZ.MION <»r Ml,. MOIitl.K & OHIO
\\M\MO\U
COMIVAN V Ix'K X'i announce to Ifit; riTtlflrntr hoMrrt
Bankers and Brokers.
FIRST nORTGAOB 7 PER GENT
GOLD SINKING FUND BONDS.
Original
CA^ Co.
BANKERS,
Fund,
New
Imm,
Cancelled by the Sinking
$600,000.
$41,000.
AmouM now
Oultlandlng $*58.000,
Mng at the raU of t»,0)OjKr
COa OF WALL STKKBT AND BROADWAY
mile of road.
The Dakota Sonlhern Railroad rans from Sioux
York.
City, Iowa,
to
Yankton, the capital of Dakota, a
The road has bean comyears;
and during
rnnnin<; five
TtMiuct * General Banking Buslneis, Including
janbm and tale of STOCKS. BONDS and GOLD
distance of 63 miles.
for caah or on a margin.
these years of business depression
A. M. KtDDSS.
WiLSTOX-
H.
C.
W JlOLlLLAN. JB.
BROWK.
W.
TllA«I
net eamlnga for 1877 were
The
York.
&
D.
Co.,
&
LEVY
47 Wall
St3-«««, iit*w
S6
W.
Room
JA9. CAMKBOir.
&
A. Evans
GAS STOCKS
Co.,
DEALERS
IN STOCKS,
and 34 New^ Street, Brooklyn
NEW rORK.
38 Broad street
STOCKS
All active Stocks dealt In on one per cent margin
CommittsluH
upwardB.
M6
BONDS
At Auction.
The
A. C. Burnham,
SALES
1!
SALE
REAL ESTATE FIRST ITIORTGAGE
on
COUPON BONDS,
In
ADRIAN U. MVLLER
through the houses of
BUnyilAM, TRKVUTT* MATTIS, CtiampatOK,
BVll.\HAM ,t rUU.EYX. Council Blllfs.loica.
BUIiSUAM it BEYER, Grinnell, Iowa.
la.
No. 7 PINE STREET,
All these loans are carefully made, after personal
Inspection of the security, by members of the above
Arms, who, living on the ground, know the actual
value of lands and the character and responsl.
blllty of borrowers, and whose experience In the business for the past SI.YTKKX VK.^KS has enabled them
to give entire satisfaction to Investors.
unnsnal facilities offered for the prompt collection
-of dcfaglted mnnlclpal bonds.
E.
S.
65
Baile
y,
UTALL STREET,
NEW YORK,
WANTED.
A SPECIALTY.
H.
Alden Gaylord,
New York,
PEALKR IX
LOUIS CITY Sc COUNTY BONDS
AND
Co.,
Bankers
BROADITAT,
NE>V YORK.
CITT RAILROAD STOCKS & BONDS
«T.
ALL CLASSKS OP
INVESTMENT & MISCKLLAXKOUS SECURITIES
t
L. Grant,
No. 145
St.,
Nichols
YORK.
Southern Railroad Bonds, all kinds.
Toledo Logansnort As Uurllngton Uoa<s.
Kansas Pacific Rallruao Donils.
West Wisconsin llallroatl Bone's.
All bonds Kuaranteeil by Erie Railroad.
Cash paid at onceforthc above Secnrltles ; or tUef
will b« sold on commission, at seller's option.
S.
SON,
FIrst-ClasB Investment Secnrltles,
CITY BONDS OF ALL KINDS,
Railboad B3XDS AND SorrniRN SicnBTTiKs or
Au. DKsoumaiia.
Insurance Stocks,
Refers by permission to W.
&.
I>RALS IN
TVALL STREET.
33 Wall
NEW
Albert E. Hachfield,
18
Dealings In
T:
r\FFICE OP
fiOU<UiT
'
See fpiotetlons of
Utr
AND
THE DVBCTaVE
tc
SIOUX CITY RAILROAD COMPANY, 53 WiLLIAJI
St.NkwTobk. March 14, 1878.— NOTICE.— A SemlAnnual Dividend of Three Per Cent has been declared on
the stock of this Compaay, payable on the 15th dsy of
JE8UP, PATON &
April next, at the ofllce of Messrs.
CO., to the stockholders registered as such at the clos
Ing of books.
Transfer hooks will be closed on the Istand r«H>pea
ed on the 16th of Ai rll next.
DUMONT,
Treasurer.
ItllLlVAlJKEE AND
r^mClGO
vJpAUt- RAILWAY COMPANY. New York,
1.
1373.--Notice
Is
hereby given
ST.
March
a dividend of
thtit
THKEE DOLLARS AM)
AM) PlFTY
F1F~ CKNTS
"
•
per share
has been declared on tne Preferred stock of the
Chicago Milwaukee ana St. Paul liallway Company
ont of the net earnlnjfg of the year IS 7, payable at
the office of ihe Company, 6S William street, ou the
OF THE CaNvPA SOUTQKBN RaILWAT
Company, Ko. 13 William Stukkt,
Nkw York, Fei>ruary 2. 1!*7S.
^FHE SUCCESN OF
m^
1
^
1
M^HEIVB
^ for funding ih>; securities of this Cunipauy having
been assure^t by the depo-lt of more ihsn threefourths of the outetandliiK bonds, hulders wtio have
not yet converted their bonis Into Debenture Ccrilflcitea. coun'ersiened by ttie I'nlon Trust Company,
are notified ttiat it Is nece-'sary lo make rueh conversion without further dcNy, Id order to secure the
delivery to them of the new Kuaranieed i)onds (n the
month of March, informaiton fur I^tiel and excliange effected at the offi*"*^ "f this <'onip:»ny.
J, TILLINOHAhT, Prosilent.
WANTED.
KR. Preferred tock and Boodt.
Steam Navigation Co. Stock.
(laiuis on -lay Cooke & ('o.
T' xas Pacific RIt. Land Grant Coupon Bonds,
Jt fterson. Ma .Ison Sc Ind. KK. 1st and :fd Mort. Boad«
Sandusky Manj-fteld & Newark liK. Bonds.
City. County and Town Bonds of Ohio. Iowa A Wla.
Oreg
>n
Lout=vIlle& Nashvl ie Rli. Stock.
Fort \Nayne Jack. A ^agIuaw Kli. Bonds.
Interest-paying Bonds of Southern ITallroadl.
Cairo & Fulton RK. Bonds, ull tstiu'-ii.
Kansas Pacific Railroad Bonds, all Issues.
FOK SALK.
Jersey City and New Brunswick
Win. It. LTLKir, 31
7
per
rt.
Piue
bonds. 1897,
St., N* ¥•
Defaulted Bonds.
Special attention fclvon to Compr.^inlf>tnft. Funding.
Buying or Seldng Missouri Count/, Township and
.Municipal Defaulted Bonds.
Holders and dealers would CDUsalt their Interests bT
conferring wltli us. KcUabte Information cbecrfullr
furnished.
P. F.
KELKHF.R
BANKtUS ANU
&. CO.,
lillOKEUS,
8T. I.OIIS.
References.— Messrs. Clark, Dodge A Co., Pnejrer 4t
Now Vork E. W. Clark 4 Co.. Pblladelphla.
Co,.
;
N. T.
Beers, Jr.,
Brooklyn
SOLD.
rcallroads In this paper;
Vice-Prealdent.
OmCK
N >rthern Paclflc
WEDNESDAYS AND SATDRDATS.
$1,000 and upwards, yielding EIGHT to
per cent seml.aiuiuai Interest, and negotiated
amounts of
TEN
RBGULAR AOCTIOH
of all classes of
STOCKS ANU BONDS,
CHAIflPAIGN, ILL.,
OK F KRS rO
hold
undersigned
No. «.
JU.IUS WADS WORTH.
Financial.
'[EttUbllsbed 1861.]
DIVIDEND
dav of April next.
The transfer books will be closed on the -Sth of
March, and re-opened on 13ih of April next.
of one per cent on 10 sbarea and
•
13, 1878.
The Board of Directors have declared a Qusrterly
Dividend of ONE ANU ONE-HALK PERCENT upon
the Capital Stock of the Company, from the net earn.
Ings of the three months ending March 3tst Instant,
Bonghtand Sold
and
Committee.
10th
A SPECIALTY.
Secnrltles
\
ESTERN UNION TiLLEGRAPH
J. B.
WALL STREET.
BROAD STRSET.
30
23.
PiKUSON.
COMPANT, THKAsuKaa'a Omc.t. New Toek,
March
ITtoblle
Geo. H. Prentiss,
York.
s.
HASKINS DuPUY.J
BORG,
'&.
Co.
BANKERS,
'W. A. ITAX8.
w.
T.
(
Ohio Kailroad Bonds ;
City or New Orleans Bonds.
S;ieclalt]r.
Brothers
and
that city, the etjiilvalent of th(; first two c luponft, viz.:
that of iji'ccmbtT 1st, IS*;, and .lune lat, I8>. upon the
n<'W tlret iiiortKaKe lion. Is naintvl In s«t<l Cortlflcates,
being In aW four per centum on the am'<untof said
new first mortifage t>ond'. Faymt'nts will be stainpei
upon each of the Certificates preseited. as fellows :
'•Receive J of Haya, I'lerson and DuPuy, Committee
of Ue-»r}^nlZ;ttlon. (9 .
Dollars,
)
in lieu of the coupons due 1st I)e. -ember, 18T7, and 1st
June, 1878, callei for by the within Certificate, and
the flr«t mortgage bonds within caMeJ tor will be
Issued without such coupons attached thereto."
W. H. IfAYS,
1
dc
N esotiate'd.
tiflana
McKim
misslMwIppl Central,
t
'^
Broker, 20 Wall Street,
tVAi\'rEI> :
Alabama, Sontli Carolina Sc Louisiana
State Bonds;
Neir Orleans Jackson Sc Gt. Northern,
Bought and Snid on Coramtislon.
-riiielNLA STATE AND KAILKOAO SBCCBITIIiB
HiiiIiorlzfMl Mesnrn. Dunian and Klilot,
|ru!-termind lUTrlvt-rn of nnld railroad, ro declare,
out of the net revenue, oilif^r tlian ihnt iifTrlTfd from
liSmllcR
of
the
the ««! road lylnK wUhln the letalo of
TenoesBee. a dividend payablf to the honda secured
by theiiiortKitffe kniJWD a» the SterllnK KIrat MortpaKc. dated Nov.-tntuT Ut. IH-'^I. and iha conunlitt-e.
lia\ Inff riM-elved HKfd dividend on the atrumMof mid
bonilB In their hands will, on and after th<* :;*Oili Innt..
pay to the hot Jera of the t^oiiinlttee''* ('ertia(;Ht>-4 un
preaentatlon at the oltlce of the Farmers* I.o-*n ft
Trust Company In the City of New Y4»rlf, or for ih ae
Ccrtlllratea l8«li^il at Mohlli' at thn Hank of Mulille in
HI.,
GREENERAirm,
S.
iinJtT th<* Aurrerrn'nt iIhUmI (irtol.rr Int. I*f7fi, iJiai th«
U.S. Circuit (;ourt forilip Soulliern j>lntilrl of Ala-
bama, havlDi?
payable at the office of the Treasurer on and after the
15th day of April next, to shareboldera of record on
the2 th day of March.
The tran!*f er books will be closed at 3 o'clock on the
^afternron of the '.it)th lust, and opened on themornlnif
[^
the 16th of April.
BONDS,'
'rt. H. noCHESTEK, Treasurer.
Due 1890.
AMOUNT FOR SALE BY
LIMITED
A
BANKERS AND BROKERS,
66 Broadwajr, New York.
'BOHTUKIIN AND MISCKLLaKKODS SECUKITIKS
A
BRO.,
PARK SEVEN PER CENT
TKANSACT A OENBRAL BANKING Bll SINKS
STOCKS BOUGHT AND SOLD ON COMMISSION
INTEREST ALLOWED ON DEPOSITS.
K. A. Lancaster
BROWN &
H.
West Chicago,
STREET.
t.
first
34 Pine Stroet.
BANKERS AND BKOKKBS.
L
fSS8.000
WALSTON
& Company,
WA
two and a-half times
bonded debt.
mortgage bonds are the only In-
debtedness of the company. We have sold daring
the past two months over $300,0C0 of these bonds.
When the balance is sold the company will be
entirely free from duat ing debt. We are authorized
to sell the remaining bonda at 90 per cent and
accrued interest, at whicli rate they yield nearly
eight per cent interest.
KAILROAP SKCrHIXIES.
Mo. 33
flfty
greater than the interest on its entire
SPECIAL ATTESTIOS GIVEN TO THB NEOOTIA
TION OF
Grant
by more
per cent, the amount required to pay the
interest on its First Mortgage Bonds, while I he
than
Walston H. Brown & Bro.
34
net earnings
V<-e
over all expenses have each year exceeded,
rBED. A. BBOWH.
BANKERS,
Pine Street, New
and
pleted
Inventment Securities For Sale.
P. O. BOX 2,»«.
Ml
« JK
Stocks,
GAS Sf'OCKS,
JAIL «T R E
S T
.
JHB CHRONICLR
w
Anuiial
Thirty-Second
1846.
XXVL
[Vol.
Stntenient
1878.
OF THE
CONNECTICUT MUTUAL
LIFE INSURANCE
CO.
OF HARTFORD, CONN.
MET
ASSETS, January
SCHEDULE OF ASSETS.
$14,020,146 47
1S77
1,
Loans upon Real Estate, first lien
Received in 1877:
Loans upon Stocks and Bonds
g6,4S9,014^
For Premiums
Premium notes on policies in force
For Interest and Rent. 2,680,902 42
Cost of Real Estate owned by the Company.
Cost of United States Registered Bonds
22,364 86
Balance Profit Eoss.
9,192,281 34 Cost of State Bonds
Cost of City Bonds
«53,212,4i7 81 Cost of other B.uds
Total
$28,335,744 9 i
130,730 23
5,605,486 14
4,067,903 90
.
&
2,448,359 13
723,403 09
1,988,730 00
435,000 00
76,205 00
Bank Stock
Cost of Rilroad Stock
Cash in Bank at interest
Cash in Company's Office
Cost of
DISBURSED IN
1877.
Add:
$3,306,724 00
Interest accrued
2,511,776 34
.Z
i
..
and due
$2,240,661 13
Rents accrued
Market value of stock and bonds
overcost
Xet premiums^in course of collec-
Lapsed and surren.
$45,073,083 57
Total
Surplus returned to
dered policies.
4,372 31
Bill receivable
For claims by death
and matured en-
policy-holders....
8,956 03
89,4:0 33
Balance due from agents, secured
To POXilCT-HOLDERS:
dowments
26,000 00
1,181,720 60
1,305,783 43
17,124,283 67
10,000 00
182,693 38
None.
tion
EXPEKSES:
Commissions to ag'ts $413,720 16
Net deferred quarterly and semiannual premiums
34,560 03
2,467,919 53
Salar'.es of officers,
clerks
others
and all
employed
Gross Assets, Dec. 31, 1877
Liabilities
83,738 94
on salary
Amount
Medical examiners'
lees
Printing, stationery,
advertising, postage, exchange,
&c
required to re-insure
outstanding policies, net,
suming 4 per cent interest.
18,493 00
§47,510,003 10
:
all
as.
.
.$42,361,971 00
All other liabilities
1,474,439 95
43,836,400 95
140,754 98
Surplus, Dec. 31, 1877
656,696 08
Taxes
«3,703,«03 15
359,364 49
8,140,344 24
$1,826,996 77
Increase of assets during 1877
Ration of expense of manrgement to receipts in 1877, 714 pr.
Balance, Kct Assets, Dec.
31, 1877. .$43,072,083
57
Policies in force, Dec. 31, 18:7, 66,252, insuring.
.
.
.
ct
$178,280,625
JTAMiES GOOr»VIJV, President.
JACOB L. GMtEEIVE, Secvetary.
JOH]V
IM,
r>.
MILLER & GOODWIN,
TAYLOIt, Ass't Secretary.
H. TVELLS, 2a -A^ss't Secretary.
General Agents, 194 Broadway, N. Y.
mmtlt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL
SATURDAY. MARCH
2«.
CONTENTS
THE
The Monetary Sltnatlon
What Raseia Gains by the War.
ConiDvtiiion
351
.
I
853
|
Water Koutc
Latest Monetary and Commercial
English News
Commercial
C53
and
Miecellaneons
News
|
THK BANKERS' GAZETTE.
Money Market, V.
Quotations of Stocks and Bond«.
S. Sccnrities,
Railway Stocks, Gold Market,
New York Local Sccnrittes
Foreign Exchange, N. Y. City
Investments, and state. City and
Banks, National Banlis. etc
Corporation Finances
ibi
8571
I
i
I
THE COMMERCIAL, TIMES.
Commercial Epitome
SiiT
Cotton
Jd7
371
I
Breadstuffs
I
Dry Goods
Imports and Exports
news up
to
is
issued on Satur-
IN
ADVANCE:
$10
20.
6 10.
postage)
£2
58.
Six mos.
do
do
do
1 68.
Subscriptions will be continued niitil ordered stopped by a wrilten order, or
at the piiolicat'wn qfflct. The Publishers cannot be responsible for Remittances
nalees made by Drafts or PostOfflce Money Orders.
London
The London
Street,
office of
the
where subscriptions
will be
DANA
I
NEW
A neat
flle-cover is furnished at 50 cents; postage on the same is 18
Volumes bound for subscribers at $1 50.
For
acompKte
set of the Com.mercial asd Finasciai. Chronicle—
HT"
July, 1S«5, to da>»— or of Hunt's Mekcuamts' MAeAZUtE, 18a9 to 1S71, inquire
e eats.
right itself in a short time.
\S~ The
Business Department of the Chronicle is repreeented
Financial Interests in New York City by Mr. Fred. W. Jones.
more or less of irregularity. The subshows the movement since last October
there has been
:
MOVEMENTS or THE NEW rORK CLEARISO-H0U8E BANKS, OCTOBER,
MARCH, 1878.
THE MGNETARY
Drpotit'.
Reserve.
$236,287,400
$17,322,400
$39,235,100
$193,848,700
»8,09S,3-J5
Nov
3....
236,216,600
15,935,900
39,531,900
19J,364,900
7,376,675
•^
10....
235,i»ti8,300
18,764,500
39,503,400
193,55-,300
8,878,575
ir.
233,308,3
19,156,800
39,382,900
196,501,600
9.714,825
24....
235,329,8(:0
19,767,800
39,949,300
196,231,900
10,658,375
Dec.
1....
"
8 ...
"
!5
2J6,43',),600
18,324,000
40.579,800
196,961,500
9,663,435
233,5:8,S0O
18,995,000
38,478,700
1S6,208,330
8,245,625
"
"
..
237,5C4,C0J
19,568,800
37,5f2,900
195,896,400
8,155,600
22
S39,7«4,200
19,674,600
36,(67,500
194,842 500
7,031,475
39....
539,1:3,900
22,122,400
35,3'0O,5(jO
197,711,600
7,994,950
among
SITUATIO.\.
In our money market, as in the money markets of
Europe, there is still a superabundance of capital seeking
investment, and the low rates of interest which have
prevailed so long show little indication of an upward
Jan.
'•
Feb.
•'
principal financial institutions of Paris
millions of francs, against
5
S39.25J,4C0
25,207,500
34,612,000
201,081,500
9,324,i;5
1»
839,936,300
27,093,200
34,601,000
203,666,000
10,980,700
19....
236.981, aOO
28,477,500
37,189,300
205,9;2,.*3O
S6.....
as8,404,3OJ
30,193,600
37,431,200
207 171,200
16,6a5,0l'O
37,362,200
210,301,700
16,016,775
S
9
"
•'
16...
.
23
March 3.....
.»
to 681
lenders.
27....
"
amount
Specie.
TO
BxctM of
Legal
Loans.
isrr.
187",
Oct.
'•
the deposits
year, but since the panic of 1873
in the course of the
"
si.x
The mercantile community
much gratified to find this
some years has prevailed in Europe as well as in the
United States, and it has certainly shown itself to be
anything but temporary. Among its effects which have
been noticed here is the interruption of the movements of
currency and deposits, in the spring and fall, to and from
the interior. Formerly, we had several of these currents
•'
at the al9ce.
In the
the only condition requisite for business
and that where the vecnperation of business
does not follow, there must be some exceptional temporary disturbance of normal activity, which would tend to
joined table
Offiro.
is at No. 5 Austin Friars, Old Broad
taken at the prices above named.
Transient advertisements are Dublishtd at i5 cents per line for each insertion,
bni when definite orders are given for five, or more, insertions, a liberal discount is made. No i)romise of continuous publication in the best place can be
gven, as all advertisers must have equal opoortunities. Special Notices in
anking and Financial column 60 cents per line, each insertion.
WILLIAM B. DANA,
WII.LIAM B.
& 00., Pnblishen,
JOBN ». FLOYD, JB. f
79 & 81 William Street,
YORE.
Post OrFicE Box 4,592.
turn.
is
prosperity;
Chkonicle
Atlvertiaeinenta.
idi^
of interest,
;
midnight of Friday.
TERMS OF SUBSCRIPTION-PAYABLE
For One Year, (including postage)
ForSiiMonths
Annnal subscription In London (inclnding
ample sup-
prediction come true
but the evil is not confined to one
country or to a brief period. Tbe plethora of money for
.
®l)e €l)roniclE.
the latest
financial theorists that an
here and abioad WOuld be
Prices Current
The Commercial and Financial Chronicle
day morning, with
by some of our
ply of idle capital seeking investment at moderate rates
CHRO>fICLE,
Canadian
the
ot
told
NO. 664.
IB, 1878.
9
From
14,173,725
241,275,500
31,230,000
213,057,<;0J
32,146,9C'0
31,877,000
211,713,000
14,035,650
212,819.900
33,011,(00
34,815,60)
212.182,0.
14,824,200
13,633,; 50
213,6159,100
32,379,400
3),578,000
210,894,600
216,456,200
3-3,326,400
3-3,137,900
213,933,403
12,980,950
246.320,830
37,116,903
30,655,900
215,15^900
13,983,835
these figures
it
appears that the deposits of our
619 millions a year ago, and 571 millions two years Clearing-IIouse banks suffered no depletion between
ago.
In London, in Berlin,
and in the other October and the end of the year, and that they have since
European monetary centres, there is a slight reduc- exhibited a gradual tendency to augment. The excess
tion iu the aggregate of deposits, but still the sup- of reserve sank to its lowest point, however, at the close
ply greatly e.xeeeds the demand. In this country the of December, increasing rapidly during the next four or
revival of business which has been so long deferred, will five weeks, and moving afterwards with some irregularretarded by no defective supply of idle ity.
low rates of interest.
A more important inference suggested by this table is
In cur New York
Clearing-llouse banks the deposits now amount to 215 the stability which has characterized the bank averages
millions, or 19 millions more than at the corresponding and the monetary movements of the country, in face of
certainly be
capital at
period of 1873,
when
the loans and discounts of the banks
were 32 millions more than
at present,
the agitation, in and out of Congress, of the silver questioa
and stood at $278,- and of other radical changes in our
We have been In any other country than this, and
028,600, against $240,320,800 last week.
financial legislation.
in this
country at aa
THE CHRONICLR
252
our banking development, such agitation
has usually been attended with considerable trouble and
stringency in the monetary world. As has been often
explained, the stability of a banking system is shown in
It
earlier stage of
[Vol.
XXVI.
has long been the ambition of Russia to find an
Mediterranean
and it was this
easy outlet to the
desire, it
;
was generally supposed, which induced her
cast covetous eyes on Constantinople.
to
In the arrange-
various ways, but most of all in its freedom from panics
and in the permanence of a steady, moderate rate of
Last week we discussed, in the light of this
interest.
ment which she has made with Turkey, she has accom-
and
and
the
prospective condition of the Bank of England
situation,
monetary
In our own
British money market.
we •find that the comparative freedom which we have
enjoyed from those financial panics, which formerly were
more frequent here than in other countries, is due in large
degree to two changes which have been made in the organization of our banking fabric. As at present constituted,
we have, in the United States, 6,240 bank?, of which 2,058
of
some
principle,
facts connected with the present
plished her purpose in
effective
the
manner than
City
if
a
less direct
she had
Constantine.
of
but scarcely
made
The
less
herself mistress
friendship
of
Servia and Montenegro has been secured by giving the
one a
of Bosnia and the other a slice of Herze-
slice
govina.
This, however,
is
not
all.
By
giving Monte-
negre that section of Albania which lies between Lake
Scutari and the Adriatic, Russia has practically secured
She
for herself the ports of Dulcigno and Antivari.
will thus have a good naval station from which she will
be able to watch the movements of Austria on the one
hand and of Italy on the other. Such is the skilful move
are national banks and 4,183 are State banks, savings
banks or private banking institutions. The pecaliarities which Russia has made in the direction of the Adriatic.
With no less skill has she made provision for an outlet
which chiefly distinguish and separate our present banking system from those which preceded it, are, first, that into the ^gean. Perhaps no portion of the peace treaty
our existing system is built up on a broader basis of was read with more surprise than that which related to
It was naturally enough
capital, and, secondly, its stability is protected by a the enlargement of Bulgaria.
more ample supply of cash reserves. It would be easy regarded as a blow at Greece a deliberate and cruel
It is well known that the whole of the country
to show that the national system, on which we have had blow.
to rely for these two safeguards of monetary tranquillity, to the west of the Sea of Marmora is mainly peopled
has conferred benefits which can scarcely be over- by Greeks. It is equally well known that, in addition to
estimated, and which have Leen cheaply purchased by their desire to secure the emancipation of Thessaly and
the privileges of note-issue which the banks have Epirus, the Greeks are anxious so to expand as to
enjoyed under the national currency laws of 1863 and include in the kingdom a large portion of the land which
Those statutes, for the first time in the financial lies west of the Sea of Marmora and north of the^gean.
1864.
history of the United States, compelled all the To give to Bulgaria the port of Kavala, with a large
banks that were permitted to issue notes to keep section of the adjacent seaboard, is hopelessly to cut off
large reserves and to have an ample capital as a a considerable portion of the Greek race from all contact
guarantee of their solvency and strength. The last of and communication with their brethren of the kingdom,
—
these requirements has not attracted the attention
de-
and to destroy the ultimate prospect of Hellenic unity.
It is not wonderful that the Greeks should be indignant;
exclusively directed to the cash reserves; and whenever and it is difficult, we confess, to regard the act in any
their amount has happened to fall below the safety line, other light than that of a cruel wrong.
It is in open
there has always been more or less of agitation, although violation of the very principle of which Russia prothat safety line was usually fixed somewhat above the fesses to be the champion. It is convenient, however, to
legal minimum of reserve prescribed by the act. Funda. ignore principle when personal interests are at stake or
mental as is the requirement of cash reserves, that of an when personal ends are to be served. By the enlargeample capital is of at least equal importance. Both, ment of Bulgaria, which for some time to come is to be
however, are secured by the present system.
occupied by Russian troops, the Czar finds himself in
serves.
it
Until lately, the public anxiety has been almost
possession
WHAT
RUSSIA GAINS BY THE WAR.
of
a second outlet to the
waters of the
Mediterranean.
According to our latest news no agreement has been
These, however, are not the only gains which Russia
reached with regard to the time of meeting or the objects has made or is likely to make by the war. It is stipuof the proposed conference. From the attitude assumed lated that all the Bulgarian fortresses shall be razed.
In
by Great Britain, it begins to seem doubtful whether the the event of any future march upon Constantinople,
meeting will be held at all, or, if held, whether it will
lead to any satisfactory result. Exercising the rights of
the conqueror^ Russia has practically closed almost all
the questions which rendered a conference desirable. It
cmains to be seen whether Great Britain will adhere to
her demand, and whether Russia will consent to submit
the armies of the Czar will thus be relieved from the
The
inconveniences resulting from the quadrilateral.
the entire treaty for the consideration of the assembled
has obtained a firm foothold on the frontier of Persia.
Then again the opening of the Dardanelles to merchant
vessels in peace and war, secures for Russia what she has
diplomats.
While
may
affairs
remain
in
this
state
of suspense,
not be without interest to look at the
it
Batoum
surrender of
finest
leaves her mistress of one of the
harbors on the Black Sea.
Holding Ardahan and
Kars, Russian authority will extend over the whole of
Northern Armenia. With Bayazid in his grip the Czar
map and
long wanted, and cannot but have the effect of greatly
immediate and prospective advantages enlarging her commerce. These arc immense immediate
which, if she is allowed to carry out her programme, advantages and if she is able to seize and hold them
Russia will gain by the war.
She insists on the retro- all, Russia, by means of them, will be one of the most
cession by Roumania of Bessarabia.
It is not wonder- formidable powers both of Europe and of Asia.
ful that such a demand should be offensive to Roumania,
The prospective advantages which it seems more than
to Austria, and, indeed, more or less to all of the probable will result to Russia from this war, are even
Powers; for such an arrangement, while it would greatly greater than the immediate. She has placed all the
wtaken Roumania, would leave Russia complete mistress Sclavic populations, south of the Danube, under lasting
of the Danube.
and, for some time to come, she will
obligations to her
observe the
;
;
MARca
16.
THE
1878.J
OHllONICI.R
25b
be their patron and protector. Patronage and protection " extraordinary demanding unusual expenditure will
and " happen." Mr. Wells, however, is opposed to the plan
will, by and by, beget a desire for incorporation
to of making the canals free, while his two colleagues
begin
visible,
forces,
not
yet
adverse
one
some
unless
;
—
from the
North Sea to the Mediterranean, while her empire in
Asia will be bounded only by the walls of China and by
the lofty uplands of Northern India.
operate, Russia, at no distant
day,
will
rule
of
them
and the other
the Secretary of the Buffalo Board of Trade are in favor
interested in transportation lines,
—
of an early submission of the question to a popular vote.
The report is too bulky to allow us to do more to-day
than present
its statements and considerations concerning the completion of the enlarged Welland canal, which
Chicago journals are just now discussing, with evident is the main one of the " other channels " referred to in
This enlargement, now wanting
uneasiness, the s\ibject of the loss of the grain-distribu- the above extract.
COMPETITION OP THE CANADIAN
WATER ROUTE.
by that city; and while only a few months of completion, will permit the pasoppressive
local system of sage of ],f:00-ton vessels, cargo capacity, instead of
granger legislation and the
it is
grain-inspection and terminal charges are mentioned as those of 600 tons, cargo capacity, as at present
ting trade already experienced
;
Mr. Charles reasonable to conclude that rates on wheat from Chicago
Randolph, Secretary of the Board of Trade, in his to Kingston (beginning ef the St. Lawrence) will be cut
twentieth annual report, just submitted, assumes that down from 7^ to 3f cents, tolls included vessels will
only one real remedy exists, to wit: that the State then be able to choose whether to go to Buffalo or on
of New York should enlarge and improve the Erie to Kingston, whereas hitherto the larger class of them
Canal, place it under good management, and also make have been compelled to do the former, and their inability
contributincr
to this
of trade,
diversion
;
absolutely free of charges.
This done, he says that to enter the canal " has certainly saved the commerce
" the West will gladly continue to pour through this " of the canals to the State up to the present time,
" great artery of commerce its life and wealth-giving " while burdened with heavy canal tolls." The possible
"productions; but, having already paid directly for its saving in time by the Welland route is thus stated
it
:
The distance from Chicag> to Montreal, via the Welland & St.
and maintenance to the present time,
Lawrence canals, is 1,201 miles; thedistance from Chicago to
now that other channels of communication New York, via Buffalo
and the Erie Canal, is 1,419 miles —or 150
"original cost
"does
not,
" are open to it, feel inclined to contribute further to its miles in favor of the former route. The route first named has
seventy miles
navigation, wiih fifty-six locks and a
maintenance."
The free-canal project continues to total lockage ofof artificial
564i feet; the second 350 miles, 73 locks and 654
receive hearings before committees in Albany, but, what- feet lockage. Thus there are 16 more locks and 89J more feet of
lo kage on the New York than the Montreal route, with the
ever its intrinsic merits, its adoption at present is prob- advantage of a
stronger current also iu favor of Montreal. A
ably out of the question, the general feeling among cargo of grain is brought to Buffalo from Chicago by propeller in
about five days allow one day for e'evating and transferring to
friends of the canal being that plans of improved admincanal boats at Buffalo, then eleven days' trip (by mule power) on
istration should first
be tried.
Prominent among Erie Canal to tidewater, aud two days for towing from thence on
the Hudson River to New York, altogether nineteen days. From
these plans is that for a canal railroad, already discussed
Chicago to Port Colborne, the usual length of a trip by a propelthese
columns.
in
This continues to receive attention, ler is five days; tbence by Welland Canal to Port Dalhoueie,
and within a few days past it was made the subject of Lake Ontario, one day; thence to Kingston, one and a quarter
days; one day may be consumed there in transferring cargo;
an address to the Produce Exchange by a transportation thence from Kingston to Montreal by barges the time is three
enthusiast, Mr. Edward Crane, of Boston.
The Straits days; altogether eleven and a quarter days; thus showinf; a gain
;
Mackinac are already open, at an earlier date than
has been known for nearly forty years, and the consequent early re-opening of lake navigation and arrivals of
grain vessels at BiifiFalo suggest an early opening of the
Everything gives the subject of canal improvecanals.
ment extraordinary interest and prominence, and, while
it waits for action in the Legislature, some examination
of
of seven and three quarter days in favor of the Montreal route.
(The time on the Erie Canal is shortened about three days when
steam is used.)
During the navigation season, ocean freights from
Montreal to Liverpool are nearly the same as from the
Atlanic ports, while from Chicago to Liverpool there is
a saving of 301 miles on the exclusively water route
through the St. Lawrence over the water route through
assuming as a fact that,
of the report of the special investigating commission,
this city;
headed by Mr. D. A. Wells,
capital will find
way
in the future,
English
volume to the West
The report of these Commissioners, who were and be there used to purchase provisions and other articles
appointed by the then Canal Board in July last, is an for English aud Continental consumption, as well as for
exhaustive history of the canal and an analysis of its work the West Indies and Scuth America, the report proceeds:
under the conditions of various toll-sheets and its comThe direct importation of goods of all kinds from these places
p'.tition
with the
will
The
rail.
be timely.
constitutional requirement
that the surplus revenues shall
make a
certaiu contribu-
its
in increased
to Canada and the West would be another factor in the enterprise.
The low rate cf interest for money in England in compar-
ison with that prevailing in the United States,
becomes an element
government, and extin- of great importance when brought to bear upon the question of
competition between the routes through Canada on the one hand
guishing the canal debt, having already been abrogated, and the United States on the other. The opinion of a large
propractically, by the fact that there are no surplus portion of the most thoughtful commercial men in the State of
New York i^ that the best energies and foresight of the people of
revenues, the immediate policy advised is to make this State are needed to meet our northern competitor,
especially
tion towards supporting the State
haste
to
provision,
diture
on
amend
which
the
or
repeal
the
other
inflexibly limits the
canals
in
constitutional
maximum
expen-
any year; secondly,
"to
" determine, in advance of the opening of the canals for
" this season, what amount of revenue, under a system
in
view of the
will be able to
few years vessels of large tonnage
navigation from the upper lakes to the
fact that in a
make dinct
ocean.
These rose-colored prospects are yet to be tested by
the hard touch of competition, but there is no question
that they are cherished by the people of the Dominion
" of tolls that will allow successful competition with and that those people are
as much in earnest in "devel" the railroads, is reasonably certain to be earned, opment"
by means
those
of their great river as
" and then further determine that no e£Eort shall be
spared by those in authority to make such earnings
" and the year's expenditures fully correspond, trusting
" to the good fortune, which intelligent supervision and
" foresight always go far to command, that nothing
'
of any
of the Atlantic ports are in attempting diversion of the
carrying trade.
The estimated
cost of the enlargement
Welland canal so as to permit the passage of vessels drawing 1 4 feet is $30,200,000, more than one-third
of this now being under contract, and the completion of
of the
:
:
THE CHRONICLE
254
the enlargement will give to Canada "the most perfect
system of inland navigation in the wor'd ;" the small
vessels which only could hitherto enter the "Welland
.:.
1
Voh. XXTI.
IFrom our own correspondent]
London, Saturdar, March 2, 1878.
money has continued upon a very
The commercial demand
moderate
for
but the supply of floating capital has been
scale,
have been unable to enter into competition with diminishine, and very little accommodation has been obtainable
the larger ones which go to Buffalo, but large vessels under the Bank rate. The contraction of the supply of loanable
alone will be built hereafter in short, in the opinion of capital is due to the revenue payments, which have been on a
considerable scale since the commencement of the year, while a
the report, we shall have to contest the carrying trade
large issue of Treasury bills has also tended to raise the value of
canab
free
even
with
a
with England herself. Whether,
money. The extreme ease which characterized the money market
this competition can be successfully kept up, is the ques- a few weeks since has disappeared, and
there are some who think
"there is reason for that an advance in the Bank rate will not be long delayed. It is
tion of the hour, says the report
*' doubt and alarm, but it is our duty to postpone the
quite certain that money would soon improve in value, were
" evil day as long as possible, or adopt some plan to ward there to be peace, as there is every reason to bt^lieve that there
<5anal
;
;
"
on the canals are still further reduced, or abolished, the water deepened, locks
" strengthened rnd widened, and steam applied as a
" motive power either by the Belgian cable system or by
" propeller boats with consorts, so as to reduce cost of
" movement, much will be done to aid the State in main" taining her commercial supremacy."
It is worthy of note, not only as an immediate result
of the present business depression, but as suggesting
that for many years to come growth and " development " will be effected at a much more moderate rate
than heretofore, that the complaint about " diversion of
trade" is quite general, on the part of cities as well as on
that of railroads. Four trunk lines have not business
enough for two, and they lasli one another, to see which
can endure cuts the longest; New York complains of
diversion in favor of Boston and of the two ports lying
south, and even of Chicago on freights from Europe;
Chicago complains of St. Louis in respect to grain; Bosit off
altogether.
If tolls
"
ton complains
Boston
&
—or
—
not long ago did complain of the
Albany road; and Buffalo is anxious lest trade
leave her.
of
commercial and financial enterprise
are being made for war in this
together with the delay In the announcement of the
actual terms of peace, are obviously calculated to keep all enterprise in abeyance, and improvement is thus impossible as long
country,
as
Europe
is
subjected to so severe a political strain. The Bank
during the week exhibits some important
large increase in " other securities " is apparent, and
return published
A
changes.
was a very general opiuion
Bank would augment their rates of discount.
The increase may be also due to the fact that money
would be required for the biddings for Treasury bills. The
Bank has been losing gold, Germany, France and South America
it is
inferred, therefore, that there
that the directors of the
having been
lately absorbing considerable
supply is
factory amount.
total
quantities, but the
nearly £24,500,000, which ie a very satisThe quotations for money are now as follows
still
:
i'er
Bank rate
Onen-market rates
SOandeOdAys' bills
8
cent
.
2
I
Ij,®^
Ui&'i
months' bills
Open-marUet rates
Per cent
4 months' bank bills
2}i(lkiH
6 months' bank bills
'ili®i%
4 and 6 months' trade bills. i>s®3
]
The
rates of interest allowed by the joint stock banks and
discount houses for deposits are subjoined
:
Per cent.
Jomt-stocK banks
Disconul houses at call
Discount houses with 7 days' notice
Oiscounl houses with 14 days' notice
i
i
'.
IJ^
;j^
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
Unfortunately, there is not business enough
and all are pulling at cross-purposes for it, so that the average quotation for English wheat, the price
becomes apparent that there is no friendship in trade. Upland cotton, of No. 40's Mule twist, fair second
for
it
would be a speedy revival
The vast preparations which
all,
The
special part of the canal investigators' report
which
we have been discussing, it is only proper to state, w.is
prepared by the Buffalo member of the commission, and
its language may have been colored somewhat by local
feeling;
still,
there
is
enough unimpeachable
fact in that
view of the subject to commend to attention the matter
of canal improvement with a degree of serious emphasis
never before known. To be indifferent to, or remiss
about, the subject of transportation and commercial
facilities in these times, would be simply inviting decay.
iCateat ifloiietarn anis (Eoinmertial €iigii3l)
NetD«
B4TES OF BXCHAXOE AT LONDON AND ON LONDON
AT LATBST DATB8.
BXCHANGB AT LONDONMARCH
KXCHANQK ON LONDON.
1.
ON—
Tins.
Paris
Berlin
Hambarg
Frankfort
Mar.
:.
ffiO.iS
Mar.
1.
@S0.58
Mar.
Mar.
months.
3
io.53
a;o.j8
months. a.iliia>ii.i6)i
3
months.
short.
....
(2,10
58
1.
short.
...
...
Genoa.
Milan
**
Naples.
*•
"
St. Petersburg
Cadiz
Lisbon
Madrid
New York....
S5
90 days.
3
months.
Bomnay
60 days.
CalcatU
**
Hong
Kong...
Shanghai
Alexandria
12.1)^912.2>f
H.3?i®12.<lX
12.1;h®12.S2>i
2r.80 @8-.£5
2T.80 ©27.85
27.80 ^27.85
'.'..'.
a»x
BATE.
1574.
—
1ST5.
Circnlatlon including
£
hank post b! Is
•iH.UH^.Sii
Public deposits
9,0T7.:2)
Other deposits
17,151,0:)!
Government securities.
13,S4ij.ii07
Other securiries
Heserve of notes and
I8.4I2,'jl4
coin
12,676,853
Coin & bullion in both
departments
23,3:0,485
Proportion of reserve
to liabilities
short
3mos.
93.14
20.39
20 39
20.39
short.
1.
short.
25 ii
It 12
1.
Smos.
11 9.60
1.
short.
ir 25
Mar.
Mar.
1.
Mar.
Mar.
Feb.
26.
3moB.
ss
47X048
6IX@52
47>«a47ii-
U.BHd.
U.a}i d.
Feb.
Mar.
Feb.
Feb.
Feb.
Feb.
Feb.
28.
1.
28.
27.
86.
26.
27.
1876.
1877.
1878.
£
£
£
£
26.441,969
«.877,5J5
17,477.^12
13.603,754
19,583,574
2«,93f,4ll
27,4;5.399
318
7, 115, 29
24.0;ii),409
26.771,033
6,884,911
9,29->
ie,77.5.2;2
13,S88,;5i
ao,'jr9,i57
16,026,176
19,071,302
23,3il,0il9
n,lSl,61«
20,316,467
9,779,^26
11,740,555
14,704,8J-3
12,117,901
20,836,611
23,279,023
26,921,437
21,447,347
46-66
....
42 41
Bank-rate
4 p. c.
2 p. c.
2p. C
3X p. c.
3X p. c.
1'2>,'
Consols
95
93>i
94H'
94>i
English wheat.av. price
62s. Id.
40s. lid.
438. 3d.
SOs. Id.
51s. 3d.
Mid. Upland cotton... 7 I3-16d.
6 3-I6d.
6 l-16d.
7Jid.
ejid.
No. 40'fl mule twlat,fair
2d quality
Is. Cj^d.
1?.
lOd.
lOJid.
Clearina House return. 144,097,000 118,789,0C0 113,2*1,000 102,235,000 85,9J3,000
One of the oldest private banks in London has suspended payment this week, the liabilities being estimated at £650,000. The
name of the firm was Willis, Percival & Co., and the institution
has been in existence about 100 years. It appears that the bank
had, at one period, a large Greek connection, and that some heavy
that a
sustained.
West End bank, with whom the
It is
firm
also understood
had business connec-
tions, had withdrawn their capital, and this operation, together
with the suspension of a Greek firm styled Gerussi Brothers &
1.
*'
Leipzig
Antwerp
Amsterdam
Amsterdam
Vienna
30.C8
iO.Si
.0.5!
i
TIME.
and
the Bankers' Clearing House return, compared with the four
previous years:
losses have, of late years, been
LATEST
DATE.
EATE.
of Middling
quality,
3 mos.
60 days.
6 mos.
"
««
47 95
4.84«
!«. 9Jirf.
\t. 9 l-Kd.
bs.
59.
It
WT^d
Hid.
Co. for,
it
is
said,
£i250,000, necessitated
the proprietors of the
by obtaining the protection of
Messrs. Turquand, the accountants,
the Court of Bankruptcy.
are preparing a balance sheet, and until that has been accomplished nothing positive respecting the probable dividend can be
It was well known that the business of the bank was a
stated.
decreasing one, and the suspension has not been productive, there-
bank protecting
fore, of
much
all their
creditors
excitement.
Tendsrs were received yesterday at the Bank of England for
£2,000,000 in Treasury Bills. The applications were large, viz.
For bills at three months £1,958,000 do. at six months, £4.051,Tenders for bills at three months at £99 83. 6d., and for
000.
those at six months at £ 93 15s., will receive in full. There was
no allotment below that price. According to those results, the
rate for three months' bills is 2^, and for sis months' 2| per cent.
;
'
Makcu
.
THE CHkONICLK
10, 187«.J
of England on Wednesday
on India, £175.000 being allotted
Tenders
to Calcutta, £120,000 to Bombay, and £5,000 to Madras.
on Calcutta and Madras at Is. Od. will receive about 9 per centand above In full and on Bombay at that price about 33 per cent
and above iu full. Next week's sale is to be increased to £.500,000
In consequence of wbick the silver market is now weaker at o4 Jd.
Tenders were received at
Bink
tlie
for £300,000 in UuTerniiieDt bills
;
The
@55d. per ounce.
following are tUe present prices of bullion
aoLD.
per oz. sisndnrd.
p«r oz. standard.
per oz., nominal.
per oz.
peroz.
BarOolil, fine
B»r«<iW. rcllMbJo
^p.'iiii«b Doiibliioiia
Suulh .'MntTioiin Hoihloona
Uoited St»tv9 Gold Coin
Gcrmau KOld
pcroz.
coin
£7
Quicksilver,
®
^
@
d.
peroz. standard.
ptroz.
percz.
Bar Silver, con'ne 5 grs. Gold
Mexican Dol ore
Spanish Dcllnrs (Carolat)
Five Franc Pieces
D
ijft
p. c.
p. c.
3
l\®i
3
85(ia3
2i(®«',i
1
Hamburg
rale.
p. c.
I
2
4
Vienna and Trieste...
Madrid, Cadizand Bar-
I
p. c.
607
6
6
Lisbrn and Oporto
St. Petersburg
(SUM
market.
4X 3'^S4
celona
I
itedm.
A Cincinnati Railway. 7a
1891
Kansas A Texas, 1st mort., guar, gold
bonds, Englleh, 7b
1904
New York Central A Hudson River mortg. bood8.7
Now York (Central $100 shares
Oregon & Callfoinia, lat mort., 7b
1890
Marietta
IllsBonrl
do
Frankfort Commit'e Receipts, z coup.
Pennsylvania, $50 shares
Do.
1st mort., 6s
1880
con'ol. finK'gfandraort. Bs
Do.
1905
Philadelphia & Reading $50 shares
Pittsburg Fort Wayne & Chicago equipment
bonds (guar, by Pennsylvania R. R. Co.), 8a
Onion Paciflc Land Grant 1st raor'., 78
1889
Union Paciflc Railway, Ist mortgage, 6'8
1898
R'yCo
1910
Atlantic &, Gt. Western consol. mort., Bischoff.
certB. (a), 7s
1891
Atlantic <fc Gt. W. Re-organization 78
1874
Atlantic i, Gt.W., leased lines reutil trust, 78.1D02
Do
do.
do.
1873, 78.19a3
Do.
do.
Western exten., Ss
1876
Do.
do.
do. 7s, guar, by Erie R'y.
Baltimore
Ohio, 69
1895
Do
6a
190J
Do.
68
1910
Do.
6s, 1377
..1927
Cairo
Vlnccnnce, 79
1909
Chicago
.Mton sterling consol. mort., 6s. ..1903
Chicago
Paducah lat mort. gold bonds, 78... 1902
Cleveland. Commbus. Cin.
lud. con. mort.. .1913
Eastern Railway or Massachusetts, 6a
1906
Brie convertible bonds, 69
1875
Do. 1st cone, mort., 79
1920
Do. with reconstruction tru-t(:ea' certlficalea ot 6
&
&
Calcutta.
3
Copenhagen
s«
4>4@;
commenced on Tuesday
publie'sales of colonial wool were
The
4>^®S
tone has been dull, owing to [lolitical uncertainlies. The passage
of the Bland Silver bill has had an adverse tffect upon the mar
ket for American bonds, the value of which has been steadily
New York
exchange on London
improving, it is expected that the effect will be to necessitate a large
export of gold. Much regret and dissatisfaction are felt here
respecting the general terms of the bill, and it would certainly
have been judicious if the President's advice had been followed,
and au exemption been made in favor of the public creditor. The
feeling here is certainly antagonistic to American securities, and
a steady fall in their value is generally looked forward to. Tlie
closing prices of consols and the principal American securities at
to-day's market, compared with those of Sdturiay last, are subdeclining; and, as the
joined
:
Redm.
Consols
DnltedSutes
Do
138!
18S5
5-20
D. 8.18«7,69
Do
Do
Do
is
1887
1881
1904
funded, 5«
10-10,59
funded. 4Xs, issued at 103X
Louisiana Levee, 8s
Do
6s
1(6
loa
108
®1C6X
tOci^aiOi^'
104
1675
42
1888
1894
106
lOS
106
1C6
106
106
30
4-J
,
Do
Do
Do
58
:b
5s
Do
SB
Do
5s
Virginia stock 59
IMO
1889
1891
I8i;5
6!»
.^0
New
@107
®10S
fundel 6b
1905
tti
Feb.
-U.
aiOS
@108
@ 85
®
a 58
.33
Jt
Susquehanna cons. mort.
78.
Nos.501
to 1,500, inclusive, s;n»r. by Del.&lIucl.Canal..lS06
Atlantic <fe Gnat Western 1st M., fl.OOO, 78...190J
Do
2d mort., jl. COO, 7s.. 1902
Do
3J mort., Jl.ono
1902
Do l»t mort. Trustees" ccrtmcates....
Do
Do
3d
3d
do
do
do
do
* Ohio, Con. mort., 78.... 1905
Coinmlttee of Bondholders' ctfB.. ..
Baltimore A Potomac (Main Line) Ist mort, 68.1911
do
(Tuunelt Ist mortgage, 6s.
(guar, by Pennsylvania *No.Cent.Rall\vay). 1911
Burl. Cedar Rapids* No. RR. .>f Iowa, 1st mort..
Central of New -Jercey shares
Atlantic Mlssls'lppl
do
Central of New Jersey, cons, mort., 7s
1899
Central Paciflc of California, lat mort.. 68
1896
Do Califor.& Oregon Uiv.lstmort.gld.bd8.69. 1892
Do Land grant bonds
1890
Chicaeo Burl. & (luincy sinking fund bonds
Del. & Ilml. Can. 7s
Detroit & .Milwaukee 1st mortgage, "<.....„.. 1875
Do
2d mortgage, 89
1875
Brio tlOO sharea
*.. ...
......
Do recoustruc-.ion trustees' asaeasm't, 8"' paid..
•'o
8°
»4 uald ..
.
"»
5°
ilpald...
Do
do
|3 Da:d
Do preference. 78
Do convcitihicgold bonds. 78!!!!!!!!.'!"!.".i»u4
Do reconsiruciion trustees' certiflc»te9, 7a
.
A
Galveston
liarrisburg, Ist
Illinois Central. 1100 shares
X.8l)i|{b Y»l)(!>-,
CSPBoUdated
mortgage, 6s
1911
".....
mor'tgage,'6a!!.'.'.'.'l9a3
® 98
® 21
6 ® 10
3 ® 4
:o @ 22
8 ® 10
m'&iH
il ®
22 @ i7
83 ® 85
83 ® 85
® B8
16 ® 17
W a 68
1C5 ©106
88 ® 91
96
la
Si7
tii
89
(0191
91
(a!3
@105
aic4
104
aio<<
88
26
103
30
a
@105
lOi
104
88
16
103
89
a9i
89
91
81
ass
a
91
91
ar9
•t\
5(1
@100
®110
98
10,1
®
95
97
<&....
9.1
©101
.
19(i2
@
91
1111
ICO
asg
aso
aio5
.a
89
45
65
94
50
!W
ll'8
95
• • .
m
93
91
@104
©101
101
®
81
aios.
aio7
aiofr
....
a 91
a
93
a 93
a
a 91
.a ...
® 47
a 65
® 9«
a
®:oo
..
93
® 83
a....
a 48
©65
® 96
® 55
46
55
1(,«
S6
lu.)
86
5t;
©110
a
.©
97
....
aioi
a
93
a>04
aio2
a
S3
London & San Ftancisco Bank,
shows an available balance of £73,313. Out of this
report of
the
have been paid as bonus to the founders, making, with the
amount due to them, and £3,000
have been added to the reserve fund, increasing it to £)6,000. A
.£15,400
.£13,100 previously pail, the total
dividend of
8s.
per share
is
proposed, making, with a similar
distribution in last September, 8 per cent for the year.
will
There
then be left £3,912 to be carried forward.
The
Bank of
recommends
half-yearly report of the
a net profit of £16,757, and
British
Columbia shows
a dividend at the rate of
7 per cent, leaving, after increasing the reserve fund by £J,000, a
balance of £1,847 to be carried forward.
The wheat trade during the week has besn exceedingly quiet.
The quietness of the foreign markets and the hopes which are
former
®
®
®108
106
®U8
106
SO
SO
®1I8
51
®
.3.'S
56
t33
AXERICAN DOU.AR BONDS AKD SBABBB.
Albany
m
...»
a4o
19
aso
aso
a
10«!ar(81('(>?i
1116
62
IB
26
26
still entertained of peace have induced buyers to operate with
great caution, and difficulty has been experienced in obtaining
®l(i8
®
Nashville, 69
.a
1!H
96
95i(® 9\'i
®I07
103 ai05
®i(S
®1C8
@1C8
©52
&
The annual
limited,
.30
a
a
1116
10» S1(4X
:C5 ©106
10i>iaiii3
41
52
42
62
106 ©108
106 ®1C8
106 @108
iSHS
10JJi®t02»i
Massachusetts 5b
Do
Do
Mar. i.
gi &ih'A
L.-.;::3ville
'19
86
Memphis & Ohio 1st mort. 79
1901
Milwaukee * St. Paul. Ist mort, 7s
1902
New York & Canada K'way. guar, by the Delaware & Hudson Canal, 69
1304
4X
3
94
....
&
degree of activity in the demand, both on home and foreign
account, and very little change has taken place in the quotations
The stock markets have been wanting in animation, and the
....
53 6«
95
a
a 40
a 30
a
®
38
16
26
S6
103
coupons
6
.
S'/i
5
...
Bru«ele
.
O
93
&
the quantity to be offered during the eeries being restricted to
200,000 bales. There has, up to the present hour, been a fair
Genoa....,
New York.
214
4
a'02
®lu«
ai07
104
105
ASERICAN BTKRUNQ BOKSB.
Do. 2d consol. mort. 79
1894
Do. reconstruction trustees' certirtcates, 7s
Oilman Clinton ASDrinefleld Ist M.. gold, '9.. .1900
Illlnoi9 Jt St. Louis Bridge Ist mort., 79
1900
Do.
do.
2d mort., 76
niinola Central, sinking fund, 58
IflaS
Do.
69
18)5
Do.
59
1905
Illinois Missouri & Texas Ist mortgige
1891
Lehigh Valley consol. mort., 6s, ".V'
T.eliizig
100
Allegheny Vallev. guar, by Penn.
&
Bank Open
iM
4
....
....
Frankrcrt
...
at the principal
mark't.
rate,
....
©
®
M
Bank Open
Berlin
@t>i}i
scount. 3 per cent.
Annexed are the current rates of discount
foreign markets
Pans
d.
®r5
SiH
55H
peroz
peroz
5«.
:
a.
8.
77 10
....
78
a....
71 3
73 B
....
:t 3)i@ ....
76 3}i(i
(ILVER.
BnrSilvor, Are
d.
a.
255
® 03
% ID
3-4® 4)i
SO a 3!
8 a 10
3>i@ ^\
82 a 37
21 a 27
81 a 86
96
20
8
83
6«
17
6«
10^
©55
a
a
®
1)8
IB
IS
prices.
During the week ended February 33 the sales
in the 150 principal markets of England and
wheat
amounted
year; and it ia
of English
A' ales
to 43,495 quarters, against 43,721 quarters last
estimated that in the whole kingdom they were 170,000 quarters, against 171,000 quarters in 18i7.
Since harvest, the sales
in the 150 principal markets have been 1,141, S29 quarters, against
and it is computed that in the whole kingthey have been 4,507,500 quarters, against 4,984,100 quarters
in the corresponding period of last season.
Without reckoning
the supplies furnished ex-granary, it is computed that the fol1,250,06J quarters;
dom
lowing quantities of wiieat and Hour have been placed upon the
British markets since harvest:
1877-8.
.
Iraport9 of flour
Sale9 of home-grown produce
ToWl
Exports of wheat and flour.
Roaalt
18:6-7.
.
.
1875-6.
1874-6.
cwt.
cwt.
cwt.
29,jll.l42
4.2i7.374
19,791,0OJ
:« .3<S 325
2.96V.631
l9.939,!K)l
.3,431,318
2j,4.8.500
21,707,000
28,493,000
.5i.6(0,5;6
.
1.017.297
43.-:8'i.t03
i0j.5-;5
:6,0J3.J40
125 816
S!.528.4SO
190,305
52.531.219
43.182,941
54,957.424
5..J3S,IJ5
499. 01.
469. Od.
*U. 6d.
.
Imports of wheat
Aver, price of Eng. wheat for seaaon Ht. 51.
n.a6.808
3.» %,(M
®106
The following figures show the imports and exports of cereal
a 01
® 91 produce into and from the United Kingdom sluce harvest, viz.:
91 ® 93
91 @ 96
from the Ist of September to the close of last week, compared
a 40 with the corresponding periods in the
bO a
three previouB years:
9^a :o
14 ® 16
13 @ 14
1876-7
1874-5.
1B7&.«.
25
1877-8.
„
Wheat
29, 139.
»
24 ®
cwl.»(,511,U2
18.3^3.3^^
19.226.808
Barley
5.i8-<.29«
21 a 21
7,8«5..3KJ
7.H4,766
8,519.888
5.124.417
4.873.454
6,847,545
4,6«,91S
a .... Oata
Peaa
131671
881.007
4t a 46
93e,«3S
964,358
Beana
S,046,»4l
ro a f2
3,171.217
1.911.010
1,191,698
74 a 7'
IndlanCom
15,656.468
10.524,507
14,7»X1'10
6,931,«ll
Flour
«8
89
311
4'.)
1"
2'i
1,197,3:4
2,969,481
3,<3«,»38
8,803,6«l
:
:
THE CHRONlCLk
256
EZFOBT B.
Wheat
..CWI.
Peas
Beans
..
.
.
588.604
18.039
68,090
993,641
31,417
64,647
14,807
10,917
55,604
43,655
Barley
OatB
Flonr
152.832
152,715
37,550
115,393
14,ti8S
141,337
13,777
4.857
22,241
15,771
16,016
264,393
19,973
the following
Hon.
9SK
Bat.
95 7-16
acconnt.. 95 7-16
"
.
!0,4!!3
— The
95>i
8
104 J»-
103X
103K
104
103X
New4>f8
— See special report of
Market. —
Liverpool Ootton Market.
Liverpool Breadstufs
Men.
Bat.
B. d.
"
(At. Cal. white)..
11
11
3
6
^ qnar. 26
a narter. 36
6
"
clab)...
mix.)
«
Peas (Canadian)
28
"
10 10
11 3
11
6
26
36 6
Bacon
^ cw<
(I'gcl. in.)
"
"
(American)....
fine)
d.
.36
9
68
S
—
B.
"
5
d.
3
10
£
8. d.
tt. 9 10
qnar.
47 6
Llns'dc'ke(obl).*
^
(Cal.)
Bagar(No. 12 D'ch Btd)
onspot, llcwt
Sperm oil
Whaleoi!
Linseed
82
51
51
51
26
37
68
8
10
6
B.
d.
5
10
3
«
tan. .75
%
ton
.;5
.25
5
d.
is
9 6
10 10
9 6
10 10
11
11 6
25
3b
9
6
1!
11
6
25
36
9
t
£
U
8.
9
d.
10
47
23
75
33
25 10
75
Sj
25 10
B.
6
3
82
6
Tom.
5
10
lOX
>1.
51
(I
56
37
6S
9
6
40
25
3
3
lOM
7K
31
S5
9
Frl.
£
B.
9 10
43
9 10
48
23
23
23
75
35
25 15
75
35
25 15
75
35
25 15
48
d.
a
(BJommercial an5 ittiacellaiwoue N^ujs.
IMPOBTS AND BxPORTB FOB THB Wbek.— The imoorts last
week showed an increase In both dry goods and general
merchandise.
The total imports were $6,608,083 against
f 5,653,404 the preceding week and $6,456,383 two weeks previous.
The exports for the week ended Mar. 13 amounted to
16,438,230, against $8,147,765 last week and $7,313,838 ir>e preTions week. The exports of cotton for the week ending Mar. 13
were 8,367 bales, against 19,150 bales iLe week before. The lollowing are the imports at New York tor week endinir (for dry
goods) Mar. 7 and for the week ending (for general merchandise) Mar. 8:
POBKIOK IMPOSTS AT KKW TORK FOB THI WXBK.
Drygoods
(leneral merchandise. .
.
Total for the week.
Previously reported. ..
.
Since Jan.
1875.
$3,177,453
4,046,402
1876.
$2,792,051
2,616,797
t7.iS3,655
66,819,905
$5,403,818
60,461,537
$71,043,760
1
$6i,373,33J
1877.
1878
$2,438,729
t2,-?79,445
5.9;9,474
4,171,354
$8,S5S,919
16.608,083
49.924.16)
ij,04 1,2)4
$61,303,183
$56,532,247
In our report of the dry goods trade will be found the imports
of dry goods for one
The following
week
later.
a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
Mar.
is
^
13:
BXPOBTS FROX NEW TOBK FOB TBS WEBK.
_,,.
Portheweek
,
Previously reported....
Since Jan.
1
1875.
$5,2)2,000
39,361,336
187o.
$5,i26,8)0
43,148,919
1877.
$4,130,180
41,775,350
ir.s,
fB,4.38,i20
60,591,6al
$44,603,336
$17,375,759
$51,905,530
S8r03>9ll
Ihetoilowing will show the exports
for the week ending Mar.
New Tork
parison of the total since Jan.
totals for several previous years
1,
ot specie from the port of
9, 1878, and also a com1878, with the corresponding
•••••••A'pinwan
S!'''?"!^jnar.
City ef Richmond... Liverpool
9— Str. ^'y'^i-i.W
Amer. (joldcoin..
Amer. silver bare..
Total for the week
Previously reported
Total since Jan.
Same time in—
}SJ
}™
J^
Jl^
1,
V.V.'.V.'
35,000
S.Mjigco
$2,189 216
i
Same time In—
$3.035,177 1187)
8,9(;6..9)|1870
14,8;0.072 1869
6,419.935 11368
13,8S3,850 1fB7
3,93J,759 186
I
isn..
$9,318
"tuTTn
1878
I
700
487
8,483
8,693
27.885
414
•.
.T.. Amer. silver
Amer. goH
...Amer. silver
Amer.
5S5
4,200
1,4|M
silver
,
891.S84
2,6S3.:J32
1,023,428
606,695
week
Gold,
II...
272,000
12...
46\OO0
13..
261.000
203,000
371,000
265,532 80
341,706 56
791,701 45
15..
at the
Sub-Treasury have been
,
Currency.
$2,022,90(1 00
1,0:)5,083 95
l,6r2,Wl 81
$382,000
18i'7
Receipts. -
,
Customs.
9...
$2,721,609
3,840,005
2,411.767
1.126.015
893,154
292.i.S4
....
The transactions for the
as follows:
Mar.
$3,751,577
Same time in—
1871
1870
1869..
1868
Payments.
Gold.
$3:37,605 87 $1,057,457 91
52r,9:!6 91
821.657 47
463,210 9o 1,689,091 01
311,810 14 2,963,114 73
505,042 39
470,824 37
461,836 96
633,846 68
—
n
Currency.
$650,423 44
871,583 09
8:9,8« 28
740,562 85
587,588 30
406,648 62
Total
11,930,000 $6 191,05157 $2,612,543 28 $7,635,972 72 $4,136,686 58
Balance, Mar. 8
107,831.739 97 31,292,529 45
Batance.Mar. 15
106,436,818 82 33,763,706 13
Mutual Life Insurance
Company.
— The
to its 66,000 policy-holders, as well as to all parties interested in
the honest and efficient management of our great financial cor-
d.
5
10
Wed.
Thar.
£ a. d. £ 8. d.
10
1,604
6,5C0
annual statement of this prominent corporation is published today in the Chronicle, anl its strong pasition must be gratifying
Ifrt.
8.
3
lOK
3
1,650
3,874
$72,529
3,679,348
$3,722,.361
Connecticut
'•>*
40
25
3
$11,050
.
d.
r.
u
s.
3
Prf.
d.
82
51
26
37
68
Wed.
5
10
9
6
Thar.
s. d.
lOX
10i£
£. 8. d.
9 10
47 6
S6
37
68
6
Tnea.
d.
3
8.
5
2)
"
oi I....
Fri.
8. d.
S3
d.
s.
8i
10?i
fltiJa!
d.
B.
"
tjpirlts)
-rx
7X
Tdllow(primeCity)..S cwt. 40 3
40 3
<0
Spirits turpentine
"
25
25
25
London Produce and Oil Markets.
Bat.
Mon.
Taes.
Uaseed
B.
Wed.
Tnes.
82
Hon.
Sat.
Petroleaui(reflned)
d.
28
9 6
10 10
11
2
11
6
85 9
36 6
.
-Tan. 1. 1878
1S77
1876
1875
1874
1878
1872
my.
Thar.
Total since
14..
27
87
63
27
Bosin (common)... Vcwt..
(fine)
s.
d.
8.
Liverpool Produce Market.
"
s.
d.
28
9 6
10 10
2
11
II
6
25 9
36 6
Hon.
Sat
s.
Beef (prime roeBs) * tc.
?S
Pork (W't. mess)....* bbl 51
Cheese (Am.
~
Wed.
. .
Foreign gold....
Bame tune in—
cotton.
Toes,
.
SSJd
Market.—
lAverpool Provisions
Lud
d
8.
Flour (extra State)
»bbl 23
Wheat (R. W. spring).* ctl 9 6
"
" 10 10
(Red winter)
Com (new W.
Total for the week
Previously reported
I05X
10.\'i
White
Frl.
106X
105;^
(C.
Aspinwall
96 5-16
107>i
v&%
"
Havana
Ailsa
106
105
104X
lOiX
Foreign silver...
ForeigQ sold....
Foreign gold
Perto Plata
Saratoga
1C8>,'
Thar.
SsofieSl
7— Str. Tybee
9— Str.
95 7-16
95 7- -.6
ire
Mar.
8— Str.
Wed.
108K
4— Str.
7— Str.
Mar.
S5 5-15
95 7-16
1C8SC
I05X
Mar.
Mar.
Amer. silver
Amer. gold
Gold dust
Gold bars:
City of Richmond... Liverpool
Amer. silver
Atlas
Port-au-Prince... Amer. silver
Aspinwall
Mar.
95 7-16
95 7-16
1!
Colon
Bank
Taea.
n.S.88 (5-408) 1867... .107%
1C6
C. 8. 10-40S
4— Str.
Mar.
33,2J7
37.423
bullion in the
of England has increased £41,500 during the week.
Consols for money.
The imports of specie at this port durinj; the same periods have
been as follows
!,124
summary
London Money and Stock Mnrket.
[Vol. XXVI.
!3,."i6o
Boxilsb ittarkei Keporta— Per Cable.
ThedAilyclosiag quotations in the markets of London and Liverpool for the past week have been reported by cable, as ehovrn in
"
:
.
$11,857,437
.8.267.271
7,2.-o,5.32
13892222
5,99i;S61
5,1»),507
porations.
The Connecticut Mutual has invested largely in real
estate loans on Western property, and has had the advantage of
reaping 8 and 9 per cent a year on its investments, while New
York companies have obtained only and 7 per cent. The Connecticut Legislature appointed a committee which made a searching investigation in 1877 into the condition of the life insurance
compacies of that State, and particularly as to their investments,
and from the report of this committee we quoted at length in
the Chronicle of February 16, giving interesting tables of the
generally favorable results of loans made on Western real estate
by the several companies. The commissioners make mention of
only two pieces of property, out of loans of more than twenty,
seven millions of dollars held by the Connecticut Mutual, about
which any unfavorable comment has been made. One of these
is the loan of $1,310,000 to Potter Palmer in Chicago, secured on
property appraised by the committees' own agents at $2,350,000 ;
and the other a loan of $650,000 on what is known as the
Switzer property in the City of St. Louis, which soems to be
abundantly secured, but pays at present little income. The figures of the report will be found at length in the advertisement,
and the surplus, January 1, 1878, on the 4 per cent basis, was
One of our cotemporaries remarks of a policy in this
$3,703,603.
company regarded as an investment : " Here ia a single company,
aid more profits to its
this ^same Connecticut Mutual, that has
policy holders than enough to cancel all the losses of all ^the life
insurance companies that hare failed in the United States. Concerning what other business can this be said? What savings or
national bank can pay from its profits the losses made by other
i
banks?"
—We
call attention to the adverMobile & Ohio Railroad.
tisement in another column of Messrs. Hays, Pierson & Du Puy,
It
the committee of re -organization, dated October 1, 1870.
appears that upon the application of the committee, the Court
has authorized Duncan & Elliott, trustees and receivers, to distribute any net revenue remaining from the business of t)ie road;
and, in accordance with this authority, the receivers have advertised that they will pay a provisional divi:3end of 4 per cent upon
the first mortgage bonds. This having placed the committee in
funds, they in turn advertise that they will pay to the holders of
their certificates the dividends due upon the new first mortgage
bonds of the re constructed company, the issuance of which has
been prevented by the litigations; the dividend paid by Duncan,
receiver, is 4 per cent upon the old bonds, while the dividend
upon the certificates is but 4 per cent upon the amount of new
bonds called for by the certificates. On inquiry why this is so,
the reply is that the dividend received by the committee has to
be divided by them among all classes entitled to the new bonds
under the re-organization rate, but that the dividend to the bonds
outside of the scheme is a payment on account of principal, and
it is uncertain how much more such bonds will receive; while the
payment by the committee on the certificates is for intere.it upon
Those in the scheme expect that the road will be
principal.
bought in by the committee for their benefit, while those not in
must accept such dividends as the sale will yield them.
— Messrs. Walston H.
Brown & Brother
are offering a limited
mortgage bonds of the Nashville Chattanooga & St. Louis Railway (Jompany. These bonds are secured
by a first and only mortgage issued at only $4,300 per mile of
road, and are offered at the low rate of 83 per cent and accrued
amount
interest.
of the 6 per cent
:
March
Ifl,
C1mId(^ pricM at the Board have been a* followa
®a;ette.
fiaukecs'
257
Mar.
Int. period.
States Comptroller of the Currency furniebes the
foUoniofr Htatement of National Banks or((aaizod the past week
The United
:
«,K8 -Nynclc National Bank, Nyack, N. Y. Authorized capital, $50,000; paidw. C. Moore, President; C. U. Ciiapman, Caeliicr.
In capital, $31,810.
Aulhoriitd lo commence bnsincHS March 8. I$T8.
DIVIDENDS.
Dnbnqoc
&
Books Clokkd.
Sioux
1
April
April
5
March
3
t'ily
April i to April
i:
Insurance.
Jeffcr«on
niNoellau<>oiiH.
Western Union Telcjjrsph (quar.)..
Mch.Sl
to Apr.
1878-5 P.
15,
.
,
,
Per cent
Boston
Bnehels.
if toial.
17,87i,293
41.3
7.S
i.i
a.'v 65,711.3
935 960
51,055
0.1
18.7
8,116,410
8,116^410
8,;90,5«O
Total
The money market
Per cent
4
4,-.60,477
20.2
9.H
43,398 483
100.0
Buthels.
of toial.
7.-;8«,9t)8
31.4
3,377,404
454,109
10,S15
4,400,800
7.499,914
].3.6
].»
1,1.'>«,983
0.3
17.9
30.8
4.7
84,775,817
100.0
been easy at 4(^5 per cent on call Joans,
rith an exceptional advance to 6 and 7 per cent at the close.
Prime paper is in demand at 4J to C per cent for choice grades.
The iJank of England statement on Thursday showed a gain
of £41,000 in specie for the week, and a reserve of 37^ per cent
againsi 39 3-16 the previous week. The discount rate remains
at 2 per cent.
The Bank of France gained 5,200,000 Irancs.
The last statement of the New York City Clearing-House
banks, issued March 9, showed an increase of |1, 002,875 in the
excess above their 25 per cent legal reserve, the whole of such
excess being |13,983,825, against $12,980,950 the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years
^-—
1''78.--1877.
1876.
lias
—
Loans and.
.,
. M"r':h
,
March!).
a.
Differences.
March
10.
March
11.
din. $84ri,45fl,80(i J84'i.3J0.8O0 Dec . $1.35,400 t25-i,S65,r00
J870.74S 4f
8.3.386,400
87,116.900 Inc.
3,790,600
87,.54S,300
83,139.810
Orculation...
19.838,500
19,8«,ieo Inc..
46,600
15,585,400
16 6!i7,7n0
Net deposits.. 21S,S33,4ro 215.155.900 Inc.. I,aa8,5l'0 223,187 400 287 Ili2 Hiu)
Ugal tender*. 31,137,900 30,'.55,9.0 Dec. «,48i,000 4i:,7ti8.i,00 4:,68a;500
»?«<:',>-•;
—
United States Bond*
There has been rather an active demand for governments all the week. The purchases have all
been for home account and largely for distribution througltout
the country, including the West. The amount of bonds imported
hag not been heavy. On Thursday there was an unusually sharp
decline in the pi ice of 4} per cents, occasioned by the sales of a
prominent bank dealing largely in governments, and this gave
rise to the rumor that the government was going to offer a>.;ain
its 4.i per cent bonds for sale.
This rumor was soon found to be
without the slightest foundation, and to day prices recovered.
ClosinK prices ol securities in London have Deen as followa:
loen
108« 'lOSH
101'^ lOIH
104Ji »101H
108^ 104
103V KUJi
102J4 irax
lOiii iOSH
loeji
coup.
new.. conp.
coup.
coup.
conp.
69, 10-408
coup.
66, fnnded, 1381
coup.
4H8. 1891
4a, 1907
coup.
6s, Currency
reg.
lO.-iX
Highest.
I
U. S. 88.
U. S.
5«of
New
5-aO(P.
1867...
Ss. 10-408
1881
4;4 per cents
...
;
1
|
-Mch.
Mch.
8.
15.
I,— Uange
I
since Jan.
Lowest.
1,
18'>3.—
UlKheel.
-I-
106
inn
107«
104«
1084
ICJH
!03b4
lOSJi
ie4«
10 !X
Ian.
8
108V Mch. 13
104H Feb. 85
Mch. 1
109!^ Jan. 86
105!;«
103 J<
U2X
106Ji Jan. 15
Feb. 25 105>i Jan. 8i
each
'
I
Mch.
loeji Jan.
105
Feb.
silWi,'
6 107
I06V Jan.
8 109V Jan.
-
1.—
—Amount March
Coupon.
.
Regl8tered.|
26 $lW.l»!.nriO
25I07!4Jan.
Feb
6
Mch.
l:
1 1081( Jan
\03y, Mch.
in8?i Feb. 25 106>4 Jan.
Mch. 1 104 Jan.
lOOJi Mch. 18 108V Jan.
8 180-^ Jan.
118li Jan.
Wi%
V
1
88.BI0,3;0
50.84(),Ky
f;«.05.3,ll)0
100,319,100
15.775,000
148.5' 3.S5n
224,388.300
121,912.450
61.511,300
64.623,518
i 10,897,950
21,690.800
68,0U3,ae0
884,068,060
78,087,860
14,806,700
—
State and Railroad Bonds. State bonds have been moderately active. In South Carolina, resolutioos passed tlie House to
establish a Cotirt of Claims to meet in May, before which bondhoMers of the rejected numbers may prosecute their claims. The
passage of a funding bill in Virginia has caused a fiimness in
the bonds, and particularly in the coupons, although it is anticipated that the bill may be vetoed.
Kailroad bonds are decidedly firm, and are taking very much
the course predicted in otir reports during February. In the
ab.^ence of other good investments, and with the low rates of
interest on government bonds, we find that first-class railroad
bonds are in demand, and it takes but very few inquiries to
push up
prices.
Messrs. A. H.
Muller& Son Bold the following
100 U. S. Trust Co
380
200 Bank of Manhattan Co. .135^134
260 Greenwich Bank
101@10O>i
1 New York Society Library,
originally a free shiire
$12
20 Home Ins. Co
If5!4
9 Kagle Fire Ins., N.
210>i
13 Lorillard Ins
86
106
10 Brooklyn Life Ins
80 Prospect Park
Coney I. RR. 20
100 East River Nat. Bank
71Y,
25 Bank of the Metropolis
86
T
SO
Dry Dock East Broadway
10
Chatham Nat. Bank
Co
RR
&
mort.
Rome RR.
i,
doe 1915
let
89@88X
Oggen. mort.
densburc KR.
sinking fund 78. due 189!
87
Mo. Pac. RR. 3d mort.
7s, due 1906
61.K®61^
PjCOO Montclair & Greenwooa
.
.
80,C0O
RR
Lake
mort. constr.
!8;8, cou-
let
bonds, Feb.
1,
pons on
SIX
&
Greenwood
4,500 Hontclair
Lake Ist mortgage const,
Feb.
bon.^s
a5
The following were
78,
Rome Watertown &
5,0C0
1,
1818
cou-
pons on
108!^
46!4
100 U. S. Express
Oswego
$5,000
&
Battery
at auction:
BONDS.
BHABES.
also sold at auction
a
:
SHARES.
SHARES.
92
Nat. Park Bank
Butch. & Drovers' Bank
E7X
Mech. & Traders' Fire Ins. 170
Westcott's Type-setting Co.,
$20 each. $6 7.t per share.
25 North River Bank, old stock. 60
75
18 Grocers' Bank
40
40
SO
400
3 Resolute Fire Ins
i2}(
BONDS.
San Francisco 78, Bold,
due 1896 (Dupont i-trcet),
i>'8S98x and int.
10,00) Cincinnati 6s, gold, due
19C6 t8^ and int.
$36,0
Closing prices of leading State and Railroad Bonds for three
past, and the range since January. 1, 1878, have been as
weeks
follows:
Mch.
States,
Louisiana consols
Missouri 68'89 or '90
North Carolina 6h, old
Tennessee
15.
Lowest.
Higbeat.
Feb. 11
80 V Jan. 8, 83
Feb. 6
•1C5V 104 i« Jan. 7 106
•15V •I5S4 15V Mch. 6 V,}i Feb. 8
•3BV •37V 33X Jan. 4! 39 Feb. 1
8.
•88V •80H
•106
•105X
•15
old
Virginia 68, consol
•36X
68,
•68
.
Central Pacific Ist. 6s, gold
Chic. Burl. * Quincy consol. 78
Chic. & Northwcst'n, cp., gold
Chic. M. & St. P. cons. 8. fd, 7e
Chic. R. I. & Pac. Cs, 1917
Brie 1st, 7s, extended
Lake Sh.& Mich. So. Ist cons.cp
Michigan Central, consol. 7s.
Morris & Eseex, 1st mort
S. Y. Cen. & Hud. 1st, coup.
Ohio & Miss., cons. sink, fund
Chic. Isi
PIttsb. Ft. Wayna
St. Louis A Iron Mt.. 1st mort.
. .
.
.
&
Union Pacific 1st, 68, gold
do
sinking fund....
* This IB the price bid:
•70
•87
76
•68
•37
76
do
do 2d series...
District of Columbia, 3-658 1934
Railroads.
Central of N. J. Ist consol.
76>i
K
•64 V
105V
i06K
•64
Mch. >-Range since Jan. 1,1878.-1
Mch.
1.
83«
109>ij'109V
95j;
94 J<
!)4i,
93V
I
•107><i
107V
•111>)('»11«K
•110
107X
....
•117
i'117
,
118V •117V
Wli^i •95!4
lISVi'118
104«;^105
105X
x93
106V,
I
»2H
no taU was made
Mch. 5 90
76
Jan. 29
64 V Mch. 4 68X Feb. 5
1C6V lOS.S Jan. 15 10«V Mch. 9
110
Jan. 3,110 Feb. 5
109
96'^ 91J< Jan. 14 96V Mch. 13
85V 91V Jan. 5, 95V Mch. 12
107K 106 Jan. 5 107V Mch. 4
•112}: no
Jan. 7 11-8V Feb. 4
110^109 Jan. 10 llO'/i Mch. 6
5 ICg
Mch. 15
103 :i05VJan.
5117^4 Feb. 5
•117JJ 115X Jan.
'119
Jan.
119^ Feb. 6
118
97V 95JiFcb. 20i 100V4 Jan. 30
Mch.U
•118 !ll8
Feb. 8 119
•103 'iCSVFeb. 8 106^ Jan. 24
107
lOSV Jan. 7 107V Mch. 9
95
92.V Mch. 6 97 V Feb. 18
•6t.V
1
I
at the Board.
—
Railroad and niscellaneous Stocks. The stock market
thi< week shown more general strength in prices than for a
long time pas'. Some of the causes for an improvement in stocks
has
feired to briefly in our remarks above, upon the financial
The tone of the market is evidently bullish, assisted
by the much stronger position of the principal Western stocks.
Northwest and St. Paul, and their reported surplus of earnings
aft r payment of dividends; also, by the better earnings of the
trunk lines so far this season an! the present exhibit of Western
On the other hand, it is to be remembered
Union Telegraph
that the transportation of the large crops of lb 7 must be finished
are
r
situation.
Mch.
106'.-
in prices since Jan. 1, 1878, and the amoant of
1, 1878, were as loUows:
68, 1881
6s, 5-208, 1865,
68, 6-208, 1867
68, 5-308, 1868
:
,
I'BX
bonds outstanding March
Lowest.
excess of exports over imports for some months past, coming at
the very time when bonds werj returning to tljis country, has
served to keep down the price of gold and prevent any
violent fiuctuaiions in the premium, when tuch fluctuations
would have been exceedingly damaging.
Another cause
contributing to
the firmness in Government securities is
found in the fact
that
a
widely distributed
demand
for these bonds has recently sprung up among the people, on
account of their distrust of savings banks, or investments iu any
other sort of stocks and bonds. Finally, the railroad situation
has vastly improved (whatever the prospects of the various roads
may be for future years), and at the present time, under the
stimulus fiirni>hed by the transportation of the great crops of
1877, many of the roads are doing a fine business.
The re^-eipts
of grain ot all kinds at the various seaports, from December 1 to
March 2, have been as follows for the two years past
1857- la
isre- 77.
104K
107
J06«
10»« io«x
*i08M
'108X
'lOS^ •108>i loex
104 Ji 104H 104X
•104J4 104V 103
VHi.t 104>i 104V
104!4 104
104X
I02JJ lOSJi 102V4
102K lOSH lOiH
lai
loox 100 •100
101 </i
100^ lOlK 101
118% *nsn
118J£ 119
106X
/—Range since Jan. 1,1878—
ni.
Situation. The
general condition of affairs in Wall street seems to be somewhat
improved. Securities are nearly all firmer, both the investment
and speculative clashes, and the tooe of feeling shows n recovery
of confidence.
The demand for Government securities and for
railioad bonds is a healthy feature, as it indicates a di^^position
on the part of iijveitors to operate sga n, and an inclination on
their ]iart to place their funds where they will be safest.
In
summing up the main points of the situation, it may be said that
after the long check put upon business by the discussions in
Con|;res8, there is a natural re-action and an increase in the
volume of tran!>actions since the uncertainty is, for the time
being, removed.
Then the silver law, as finally passed, is so
limited in its capacity for immediate injury, that the final result
when calmly surveyed is regarded by many as a triumph rather
than defeat ot the cause of honest money. Again, the large
NewYurk
104
104
107
107
10tt<
l.')
—
Tbe money market and Financial
Portland
Montreal
Philadelphia
Baltimore
New Orleans
104
mn
106«
>
MARCH
FRIDAY,
The range
April
mu
104
>08«
Mar.
funded, 1881. ..coup. .Quar. —Feb. 103^
re({..t;uar.— Mar. IfiSH
Hit, 1891
coop. .Quar. —Mar. iOi'i
1X8. 1891
^'oar.
Jan. 100
ioo!i
4b, registered, 1907
Cuar.— .lan.'lOIK 101
48, coupon, 1907
6s, Currency, lii95-99 reg,.Jan. A July. 'lIBJi 'IlgJi
>ThlB Is the price bid; no »ait was made at the Board.
elans of
m
It.
Jfl««
—
inclusive.)
Railroads.
Lchlgii Valley (qiinr).
14.
106X
iMii
58,
Whin
PXR
13.
conp..Mar. <fcSept. lOty,
rci?.. Quar. —Feb. 103V
5^ funded, 1881
C»KT. Patabls. (Days
or OoxPAHT.
Mar.
18
6^^-t0a,18CS,n.l.. coup.. Jan.
rcK..Jan.
6«, 5-20*, 1867
conp...lan.
<«, S-aOe, 1867
... reg.. Jan.
Is, S-20S, 1868.
coup. .Jan. <fc Jaly.'IOSK
6a, 5-SOb, 1868
Bs, 10-40S
ref;..Mar.itSept. KI4H
58, 10-408
recenti? been announced
Tke rollowlBZ dirldende bare
Mar.
II
106« I06X
106H 106M
106^1
lOftK
July.
* Jnly. 108^
db July. lOSV
ft Jnly. lOeS
& July. 106^
& July. 106^
1881
«8,5-208, 1865, n. l...rcK..Jan.
fl«,
Mar.
Mar.
9.
* July.
reff.. Jan.
coup. ..Ian. Jt
••.ISSl
NATIONAL BANKS ORGANIZED.
Nmi
,
:
. ..
,
THE CHEONICLE.
1878.J
^i)c
:
^
M
.
.
X
..
,
K
«
K
X
!
:
.
to a great extent in tlie first half of 1878, and navigation, too,
open at a very early dale this year, wbich will
cause an early reduction in railroad freights. Upon a general
view of tlie stock market, it seems to be a fair conclusion that
the outlook for a fair prosperity to the transportation companies
has not been better at any time within two years past; but if
they are led by this to increass their loan accounts, or pay too
large dividends, then they may easily become involved in the
fVou XXVI.
Latent earulngs reported.
.
lH7o.
will probably
Nashv.Chatt.A
future.
Elizabetht'u... Month of Feb...
Memphis
Month of Feb...
Month of Jan...
Month of Jan...
. Month of Jan
ScL. A.&T.H.(brch8).lst week of Mch
St. L. I, Mt.
South. 1st week of Mch
St. L. K. C. & North'n.lst weekof Mch
St. L.& S.Francisco.. Istweek of Mch
St.L.&S.E'u(StL.div.)Montliof Feb...
<Keu.diy.)..Mor.thof Feb...
" (Tenn.div.)..Monthof Feb...
St. Paul
S. City
Month of Jan .
Sioux City&Sl. Paul. .Mouth of Jan. ..
Tol.Peoria
Warsaw. 1st week of Mch
Union Pacific
Month of Jan...
iVabash
1st week of Mch
the week in leading Btocka were as follows
Totftl sales of
Lake
North9..
11..
12..
13..
14..
15..
"
"
"
"
"
Total..
West'n
west.
Shore. Union.
13,S£0
8,600
9,400
45.650
18,3811
19,700
30,060
54,300
16,875
17,040
18,885
50,500
2S,2f5
33,400
ai,r-M
23,'M3
81,800
N. Y.
Cent.
5,564
2,831
Del. L. Morris
W.
E. Erie.
&
&
1S,400
620
4,-.00
»,«.30
2,211
3,515
1,:46
6,833
920
21.110
19,330
6,800
8,886
50,927
11,693
76,716
6,100
s.roo
15,100
88,.'505
9i,6;0 1;>9,94: U9..333
Whole stock
St.
Paul.
:
1,000
3,683
2.616
1.55D
2,325
SCO
5,(.50
2,0.33
9,030
8,020
1,500
1.60J
13,6)7
20,400
151,031 494,665 337,874 154.012 894 2S3 624,000 300,000 780,000
The total numlier of shares of stock outstanding is given in
the last lino, for the purpose of comparison.
The daily highest and lowest orices have been as follows
Batardar,
March
9,
15
Central of N.J
13H
Chic. Burl.&Q 'lOOl^ 101
sax 8<>J<
c. Mil. & St. P.
do
7iM
pref.
Chic* North.
pref.
do
C. K. 1. & Pac.
88
lOOJi 101
47
48,H
46X 47?^
Del.* H. Canal
& West
Del. L.
Erie
Han. *
do
111.
72
89
66M 67X
»X
St.
Jo« 'lOK
.
105,
Zi%
74K 74M
62« 62)i
»)% 61
68X 69X
Tuesday, Wednes'y. Thursday,
March 12. March IS. March U.
li
U% 15K 15>< UK 15
13
15
iOOV IW
I«1!S 101
SSX StX
''i'A
Tl«
3CJ<
39
075^
b«;j;
100;!^ 101
47
47K
47
.
Michigan Cent
Mqrrjs&Essex
N.T.Cen.&H.K 106M
'''/.
Ohio & Miss.
20%
Pacific Mall...
Panama
Wabash, ttock
Union Paclllc.
K
10
7H
21
do
11
21
23
U%
UH
ii%
COh 60H
eSK 69)»
106X l06Ji
7X 7H
20X SIX
61
69)<
70
79 W
SI'S-
"I7K
•29
ISO
ISO
70
180
70
SOX
lOOJi 10«)4
18
48
49S 4»i<
t5
83
17J^ 17X
48^ 4SX
50
50X
ai
B5
"17
71
18
89W
72,1^
71
41
40'-,
X
llln
23
15,V
75
-,5?^
6SX
tSJC
61
68
64X
ess
70W 7IX
~'ii 'OX
lOl^J 107HC
I'M
8H
18>i 21
'.... ISl
107,'<
„
8)<
21
215i
ISO
131
15 H l(,i<
70 '4 707<
79>< 60J<
lOOK 100>4
18^ ,5
70X "IX
7-X 79«
lOOs lOOH
ISK 48H
48S 43H
J9»s 49X
S5H 88
17
18«
•<
KH MM
10,
<IS%
ei\i
107X
15
101^'
S9K
40
6-J^
Jt
lib
Phila. i!fc Erie
Phila. & Reading
St. Jos.
Western
&
.
.
.
.
&
&
.
&
lOlH'
Sd',
-.Z\
41\
69H
!0l;i;
to
'"a
23
;5i.-
107>4'
8>i
IS;^
•
Monday,
•'
Tuesday,
"
Thursday,
"
11....
12....
13 ...
14 .
15....
Wednesday, "
34,161
2.0,496
2.32,.550
7Sfl,603
67.3,980
780,^06
23,580
10,143
93,260
60,450
28,883
47,164
21,491
ffll/iis
45,802
84,740
2?,;'60
837.340
98.302
82 ;,S70
532,170
232,034
93.129
50.912
24.953
30 597
If, 522
IW.2.30
813.354
1.315
7:31,251
831, ICO
562,187
202,546
9!,845
51,175
25,077
40,467
25,939
ll,li"9
30,697
15,522
21,081
815,354
63.216
2i8,3-!2
,
ii\
iOh
Sovereigns
Napoleons
.
SO
... 131
14X I4V
'•% 72
:8« w>i
lOOH lOOH
49
•17
£0
;
1,
1877. were as follows:
101
looj; 101
my.
:
lOOH
1110 JS
li,0?i
100?ii
lom
lOlJi'lOOJi
;ou.-,
101
ini=si:ioi,'<
lOl.ill
1011.
Gold.
Currency,
Jl, 58^303 tl,5:«,801l
1,417,530
1,1:19,534
1,710,900; 1,727,859
2,193,3 !5, 2,221,618
1,313,0691 1,321.9-7
25.?66,000
17,314,060
17.914,000
13,7)2,000
16,729,100
1005, W'>^i
101
101
101
101 li 10!
101
101
lOlJi 101 1^
.
826,950
8:i7.782
#
flO.3,484,000
119,009,000
S
1,632,.503
1,654,026
102JillOO?i l02;i '.0U(
The following
;<
107S
49J«
167
150,466
Op'n Low. High Clos. Clearings.
9... lOlH 101
101 )i 101
$13,929,000
Saturday, Marcli
Friday,
'.OX
64
(late.
177,806
of gold and clearings and balances were as follows
Current week.
Previous week.
Jan. 1 to date..
63;i
62;4
70
to latest
America.
The range
10?4
lOH
1
1878.
sold down to lOOf and afterward
became firm, closing to-day at lOlJ. On gold loans the rates for
carrying were 4, 3J, 3 and 3^ per cent. Silver in London is 54|d.
The Te'.ef/raj)?i said that tlie increased firmness of silver at London yesterday was due to the purchase of $750,000 for shipmgnt
4;x 479i
47S t<^
"2^
Jan.
,
1577.
150,466
26,651
15,30^
232,550
XHe Gold Market. —Gold
!5
;ui\
Old and asked no sale was made at the Board.
Total sales this week, and the .range in prices since Jan.
* TtalB IB the price
177,806
21,673
17,615
820,496
673,980
43,80!
9,390
99,800
62,697
22,859
43,890
20,868
12,372
40.467
25,959
22,978
&37,840
69.497
Gold
49X 49X "49V
i5\
33
St.L.. Month of Jim...
Friday.
Mnrcli 15
luix
47X 47H
*.H 47X
10% 10«
lUH I'M
1«H
U%
70;-<
106^107^
7X
21^ 2!X
70
..
"
28
14X
6:« 6S»
61>i 62V
70
50J^
85
18
3J
loiji
39^4
40)4
72>i
405i
69?6
102
X 48H
47X t3%
lOX 11
•lOX lOX •lOH V^K
W%
liX 16X
48X 43H
101
41
loiM
48X
10
ISH 15«
•60
pref.
Ji'
13(J
American Ex
Wells, Fargo
Quicksilver
89X
68X
41>4
«K
West. Un. Tel.
78K 78X 78X 79X
Adams Exp... 100« IM;< 'lOOX lOOM
United States.
72
4ii>i
•.... 130
15
15
em
~
72L,-
101
ilX
9K
74X
io:j<
89>4
ei%
101
46X
9«
•10
89K
33
71
39
6<
22
pref.
Central...
Lake Shore
9X
Monday.
March 11.
Pad.
Pad.
«
-
THE CHEONiCLK
258
March
V
..
ZXRelcbmarks....
are quotations in gold for various coins
14 84 i® $4 89
Dimcs& half dimes,
97
3 86
3 90
Lar!,'e sliver. Jis&>i8
97
@
@
®
S
@
!
4 72
4 78
Guilders
3 90
4 10
Spanish Doubloons. 15 60
13 80
Mexican Doubl.TOUs 15 50
15 71
Pine silver bars
H9ii
118!^a
Fine gold bars
par^}4prem.
X
.
Five francs
Mexican
dollars.
,.
English silver...
Prussian silv.thalers
Trade
dollars.
—
—
— 90
— 94
4 75
— 65
— 98
:
® — 98J<
@ — 9SX
@ — 93
@ — 95
© 4 85
© — 70
® — 98X
—
exctasnge. Foreign exchange has b en strong, and while
the bond importers have not been ii the mirket as very large
purchasers, prices have advanced.
Commercial bills have not
recently been in as large suoply, and this accounts in part for
the higher rates. Today, the leading drawers advanced to 4.80
and 4.83 for C days and demand sterling respectively, and actual
business was done by brokers at or about 4.8.5i and 4 87i.
In domestic bills the rates on New York lo-day wereas follows:
Savannah, J premium; Charleston, buyinsi at par, selling 3-16@J
premium; New Orleans, commercial, 3-10, bank par; Chicago, 50
par; and Boston, 12^c. aiscouut.
Quotations for foreign exchange are as follows:
)
Sales
of w'k.
Shares
Centra! of
New Jersey
Chicago Burl. & Quincy
Chicago Mil. & St. Paul
do
do
pref..,
Chicago & Northwestern
do
do
pref..,
Chicago Rock Island & Pacific.
Delaware & Hudson Canal
Delaware Lack. & Western
Erie
Hannibal
do
&
Joseph
St.
do
],
ttoclc
Union Pacific
Western Union Teles^raph.
—
Jan.
1,
1378, to date
Lowest.
,
Highest.
1
Uy, Jan.
18>i Jan. 14
2
99ic Feb. 28|;03)i Feb. 18
Jan.
38
4i!MMch.l3
2'
68K Jan. 30
98?-,'
9
7)JK Jan.
41J( Mch. 15
9 69XMch.l4
.Ian. 16,112
Meh.l3
45
Jan.
S3)i Feb.
69-^ Feb.
11!
62HJan.
6
46K Mch.
Mar.
60 days.
2
52ij Jan. 14
11
Mch. 13
7>g Jan.
10
Feb. 28: 12>i Jan. 8
Feb.
28
27
Jan.
21
21
Feb. 4
72Ji Feb. 14 77
Jan.
15:
Mch.
13
59?i
64,V
SSVt Jan. 3 63^ Mch. 13
67-. Feb. 28; 75;« Jan.
2
9
1033i Feb. 11 loss.' Jan.
Jan. 16
7
8!< Jan.
7
5
5
Prime bankers' sterling bills on London.
Good bankers^ and prime commercial
Good commercial
Documentary commercial
*%
H
8,985
198 945
Morris & E-^sex
N. Y. Central <fb Hudson Kiver.
Ohio & Mississippi
Pacific Mail
i
9,951
13,607
11,693
10,851
36,770i ij'/jMch. 14' 23Ji Jan. 16
300 112
Jan. 5 131
Feb. 25
6,100 lajiMch, 14 17,'iJan.
8
4' 72
4,775| Uy, Jan.
Mch. 15
149,.330 75Ji Feb. 13 80JiMch.l3
211 98
Jnn. 8 lOiJ/j Feb. 8
199' 47J4 Jan. 14 50
Jan. 2
...
American Express
United States Express
Wells, Fargo & Co
',
250
46
Jan. 22
SK2i 82(4 Jan.
7
lOOl 15W Jan. 26
100 .:9?,( Feb. 6
'.
Quicksilver
pref
[
latest railroad earnings,
and the
totals
615si
19>,-
31
X
1, to,
A
S. Fe... Month of Feb.
,.
.
.
week of Mch
W'kend. Mch. 2.
W'kend. Mch. I.
City.. .Ist
Great Western
Hannibal & St. Jo... 1st w.>ek of Feb.
Illinois C'eiit.(Ill. lino.)
Month
of Feb...
do lowaLines. Jlonth of Feb...
do Sprlugf.div.Month of Feb...
&
W.... Mouth of Feb...
Month of Feb...
Month of Feb...
Louisv. & Nashyille... Month of Jim...
Michigan Central... Ist week of Feb.
Indlanan.
Bl.
&
Gt. Northern..
Kansas Pacific
Int.
Minneapo
&
St. L..
Month
Mouth
of Feb...
of Feb..
Mo. Kansas
Texas. .3 weeks of Feb
Mobile & Ohio
Mouth of Jan...
i<
Missouri Pacific.
*
\
1877.
SI36,3W
Atlantic & Gt. We»t. .Month of Jan...
599,052
Atlantic Mi-s- & O.. .Mouth of Jan..
142,537
Bnr.C.]{ap.& North. Istweek of Mch.
38.533
Cairo & St. Louis
Month of Feb. ..
13,018
Central Pacific
Month of Feb... 974,01)0
Chicago*, Alton
Month of Fob. .. 298 9n0
Chic. Burl & Quincy..Month of Jan... 1,043,467
Chic.Mil.&St. Paul. ..Istweekof Mch.
16.',000
ChicaL'o & Northwest. Month of Feb
1,062,013
Clev. Mt. V. & D.,&c.. Month of Feb. ..
i6,812
Dakota Southern
Month of Jan...
15 05:1
Deny. <fe Rio Grande.. .Month of Feb
85,0«o
Det Lansing StNoith.Month of .Jan...
56,963
Dabuque & S.
Grand Trnuk
-
1878
$lS5,5i'o
19,703
]83,3"3
79,2;«
25,0C0
.364,413
ia4,.371
Il,2i3
93 160
10si,9-9
17>i,453
490,000
126,019
15,657
22,075
943,171
323,047
8711,8.33
ll-?,207
7;9,li57
1 to latest
1 to latest dale.
18:_.
18:
25,246
i27I,214
260,319
:0II,986
346,141
24,0:5
1.37,715
40,-277
2,09'.).000
2,113,786
676.653
615,677
1,045,467
l.t3«,0C0
2,139.904
55.96S
876 833
8S1.642
5-1.145
1.5,053
40,182
115,-65
S.4H7
82.040
4.5,6)2
56,9 13
182.568
I,'»i;068
133,287
1.4!2,181
8-3.3,307
6}4,4-i3
14,7S:S
45,6;i2
137.148
S09,ll4
726,-167
25-!,793
193,512
119.721
30,750
93,176
136,055
181,094
445,768
114,140
.38,311
S6S,:^3":)
12<t.2i4
167.173
222.33!
21.1.473
5.18>,i@5.15)<
S.16ti@5.13X
5.16!i@5.!3X
4C?i3 40
(rra-ics)
1877.
Nov. 12.
Nov. 19.
Nov. 26.
Dec. 3..
De:. 10.
Dec. 17.
Dec. 21.
Dec. 3i.
1878.
Jan. 7..
Jan. 14.
J-Ul. 21.
Jin. 28.
Feb. 4..
Feb. 11.
Feb. IS.
Feb. 23.
Mar. 4..
Mar. 11.
(guilders)
40>ia 40M
95
93
95
95
.-.
—The
&
&
®
@
'"'
95V@ 95H
933i
9iX
95 !i®
95 3i
9iX
95
W
95«
95K
963^
following are the totals of the Boston
244.823
165,344
310.068
31)8,1.09
337.3,39
490,0fO
689,897
70.875
574,677
316.2-3
271,992
445,768
S7.',493
53".24-!
401.203
2)2,3:2
S
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
S
t
t
t
«
129.127,7C0
2.927,.300
6,180,600
6.074.803
51,70:3,4C0
5.6-)S,200
5.601,.50O
5.647,.500
51..377,.30O
84,286.601
24,131.500
24,319,700
24,110,200
24.637.200
24,581,400
21,550,00)
51,239,798
l-2!),:'03.30i1
1-29,445,100
2.868,500
2,815,200
126,034,700
2,811,.'=01
1-27,951,900
1-27,699,700
12S,t.3O,4O0
3,0i4,-200
2.940,8 X)
127,723,900
3,347,900
129,0-26,800
4.293.400
5.100,700
131.013,003
130,875,000
1-29,032,100
127.596.300
1-26,9-20,500
125,121,600
123,3-J2,liai
l-24,416,lf!0
121,fi 84,400
2,9ir-,600
5,.366.4IX)
5,47 .010
6.131,3
5,381,^00
5,119.000
4,932,900
5,021.400
5.433,700
50,902.500
6.5)O..WO
6,755,400
6,043,700
50.673,600
5O,l»8,S0O
49,713.500
60,211,700
50,615,100
6,6-24.800
52,767.i000
5,0:4.100
3.982.800
3,719,810
3.660.100
3.192.700
3.312 700
3,6-8,301
3,991,600
4,039,400
51.488, 400
60,000, 000
48.833,,91X1
Philadelphia Banks.— The
48,752 800
49.004, 100
48.8i5.,500
43,903,,510
49.491. 200
49,033, 9(0
24,336,4')0
54,766,300
24,8-0,900
24.8-23.-20i)
21,626 600
24,7.59,
09
25,06 .OuO
2..2:6.ia)
25,100.300
2,5,2-17,700
23,174,300
50,6-17.149
47, 12 -,549
42,8».'i86
47,917.363
45,.'i02,579
46,873,410
39,552.808
53,119,,105
51 453.,371
61,206,,:!47
41,293,,873
3 '.146,,161
44.371. 061
41,.561,,-2.',S
34,2' 14, 810
40,546,,163
42,727,,310
totals of the Philadelohia
banks
are as follows
Loans.
1,566,7^3
8,4.^)7
182,512
87,859
26,9 i5
858,866
li 0,257
Swiss
Loans.
2
$3c6,500
20-,,519 j 209,052
119.985
At 337
279.>66
271,932
Jan.
4.84>Sig,4.85>/i
5.16!C@5.135i
b.nks for a series of weeks past:
and including, the period mentioned
-Latest earnings reported
Atch.ToD.
I
5.18>,®5.15X
Boston Uaiikd.
dates, are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained.
The
columns under the heading " Jan^l to latest date" furnish the
gross earnings from Jan.
in the second column.
1.83^4@4.84
,
3 days.
4 87!/,a4.88
4.87 !34.871i
4.63 ©4.66
5.18>j(a5.15K
(reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
Feb. 23
Jan. 2,1
from Jan.
4.84X®4.8W
15.
Paris (francs)
Antwerp (francs)
Hamburg
Feb. 25
87>^ -Ian.
1
4.S5.104.S6
4.82)i@4.83V
Amsterdam
I
Adams Express
do
i
800
Lake Shore
MichiKan Central
The
,
|,
3,682
1,429
50.927
16,880
92,630
72,690
10,237
6,555
76,746
20,400
3
pref
Elinois Central
Panama
Wabash
t
S
1877.
Nov.
Nov.
Nov.
12.
19.
26.
Dec. 3..
Dec. 10.
Dec. 17.
Dec. 21.
Dec. 31.
1878.
Jan. 7..
Jan. 14.
.Ian. 21.
Jan. 28.
Feb. 4..
Feb.
1
!
Feb. 18.
Feb. -,'5.
Mar. 4..
Mar. 11.
59,94:1.506
59,619.0.33
59.1.50.819
Specie.
'.
J.
Tenders. Deposits. Circulation. Agg. Clear
$
S
«
$
t
1.48*,492
13.377,990
13.629.674
13.637.109
13.883.237
13,492.650
47,901.443
4^.267,783
47,813,9 ,7
47,852,2i7
10.657,v76
31,617.028
10,6:6,7-28
34.V41,0:12
6:1,6:4, iiio
28.274.5-2:'
13,:87„5:19
46,716,387
46,402,873
46,162,612
10,713,365
10,702,40)
10,771,713
10.779.195
10,848,315
10,866,105
10,921,2,36
10.'I10,639
37,329,846
36,360,675
I0,975.,584
39..339.558
S«,47:i,661
29.r,0r.210
1.472,5'!2
69,090,735
1,410,424
1,:«5.601
69.41:i,288
69.'.70,494
l,3)8.3rt6
1,319.2.59
12.1.38.3-22
59,460,806
68,566,928
1,314,235
1,517,341
13,:i35,S3l
50.409,567
1,7."9,2.3S
1.3.3^1,352
59.5.85,131
1,8')0,17;
13,2;0.R55
59.7:i7.8:J8
2,014,689
12.941,8-27
47,6:33,369
59.127,7!I0
2,076,1(12
12.!-.30,4;3
68,721.420
2,lii9,e4-i
5\693.371
2,225,090
13 319,4.50
13,182,576
47.247,9+4
47,197,081
47,014.740
4S,418,84S
46,332,315
45.781.847
58,931.737
58,893,04 I
2.I8.5,-2S4
1-2..379,I43
43,:374.991
10,983.741
10,976,756
2,11:3.897
1-1,660.258
45,137,637
Il,l(l0.:«0
2,' 74.9-8
2,172.732
l-2.794.3'i2
4.5. < 01,6.30
ll,rC3.734
12,633,756
44,917,112
11,0(8,0-28
.5S,i;79.,S40
58,694 000
10.990,448
10.99-\:161
87,.340,769
.32.691,358
3-), 1.32.847
88,454,192
28.520,206
28.^:4.367
24.112.687
3-2. 101,006
33,104,101
;
.
Mauch
.
IC, 1878.
now Vork
. ....
THE CHRONICLE
|
Banks. —The (oIlowinK statemeut Bbowg the
CItjr
WttJ
.. ...
condition of the Associated Bauks of New York Oitj for the week
ending at the comuienceuient of business on March 9, 1878:
AyKRAOE iJfODST OF
,
Net
ClrculaLegal
Loans iiiid
tiou.
Teuaen. Deposits.
Specie.
DiMouats.
Capltal.
Banks
*
i
t
t
«
9
iS
--
259
BOSTO.V, PHIIiADBLPMIA, Etc.— Continued.
Bid, Ask.
BBCtiairiEs.
saovaiTixs.
Bid.
.
New York
..
S.iXlil.ndU
Union
America
Phreuix
13.),IX)J
1,2W,700. -.asa.ooo
I.IOO
816,000
19.1,0(10
2,7*8.000
l,79ci.700
1,521,000
4.6-.>5.400
lliS,tK)a
1,81.2,000
SUS,000
1,400.-00
10.175,000
—
WO.OOO
Butchers'.t Drov.
Mechanics- & Tr.
600,000
210,000
600,000
SOO.OOO
Greenwich
Leather Manuftrs.
800 000
B,000,'oOO
Commerce
8,000,000
1.000,000
Broadway
1,(00.000
Mercantile
422,700
Pacific
1.500,000
Repnhllc
430,000
Chatham
412,500
Peoplc'3
North America... 700.000
1,000,000
Hanover
500,000
lo-lng
...
Metropolitan
8.000, IXW
Citteens'
600,000
l.OOO.OOO
1,OCO,000
1,000,000
1,000,000
1,000,000
l,25O,CO0
300,000
403.000
1,500,000
2,000,000
500,000
300,000
400,000
330,000
100,010
3,750.100
2,000,000
300,000
750,000
800,000
1,000,000
800.000
Nassau
Market
Nicholas
Leather.
Com Exchange...
Continental
Oriental
Marine
Importers'&Trad.
Park
Mecb. Bkg. A«8'n.
Grocers'
North Itivcr
EaetKiver
Manners' & Mer.
Fourth National..
Central National..
Second National..
Ninth National...
First National
Third National...
N.Y.Nat. Exch..
Bowery National.
New lork County
German American
Total
,3,493.000
830,800
3,137,400
819,800
1,551,103
10,.Wi.40O 1,355,000
4ol,900
8,336,000
5C8,aOO
3,491,«00
97,000
1,380,000
n,;oo
1,489,000
797,100
670.100
2,303.900
152,S0J
»13,9oO
476.700
1,794,600
IsiU-liOOO 2,430,000
Gallatin National l,5ijO,000
Shoeand
374,000
5,l;.^,>^00
1.1
2,'»,0O0
200.0:0
7.'O,000
13,«3.0CO
l,i08.9i;0
4;,613.30i)
670,400
391,700
42,100
8,573,000
2,135,100
3.202,500
I.MD.IOO
'
500
2,8«.0O0
Chemical
Merclmuts' Exch
St.
1,71*3,70(1
4,'j:ir.5O0
117,S1X)
177.51J0
5,302,.V10
1,0(X).000
300 000
,000 000
Seventh Ward....
_
State of N.York.
AmericanExche."
S,:)«i.W»
7,8-.'B
M
l,0(»).iKiO
1,000.000
t»0,WJ
tKlO,!^
.
"65.500
7i»,aoo
9,316,800
«:)»,800
1.000
46!».600
4.
.
Tradesmeo'a
00
a
83,000
oao.SOO
l,*10.l«W
3,«X),000
..
.
City
Fulton..
H.om.im)
8.i«r.4u)
o.SU.'iOO
!t,OtXl,0(JO
,
"
3,9(>:,000
i,4i8,-Joo
i.ooe.TiK)
8,814.500
3,000,000
S.080.(KO
..
Maolinttan Co
Merchants" ...
Meclmnlcs'
59«,-*)0
>a4,4'JO
'"
soe.ooo
225,300
206,400
366,8iX)
112.900
191..500
593.000
814.600
190,500
411,200
507,100
203,000
809,600
23',400
500'
250.000
794' 900
a,!>31,:«»
625,700
2.009,000
1,050,000
915,000
837,800
2,214,800
783,200
1,811.703
9,387,000
82.3iX)
6,207,9110
2.9.30.600
3.273.70(1
naciaua, common.
do preferred
-Vermont & Canada
Vermont & Massachusetts.
30
280,000
lJ8,000
2.700
So'l.JOO
3ii,!00
4.-,
000
2.'3,(K)0
2,O:)3.700
803.400
180 000
66,135,200 246,310,800 37,116,900 30,655,900 215.155,900 19,883,100
The deviations from returns ot previous week are as follows
Dec. 8135,400 Net Deposits
Inc.. }l,2;a,.5O0
Loans
:
|
Inc..
3,79
Dec.
2,432,000
Circulation
•,cOi;
112Jli
85
PHILADKLPHIA,
STATE ASD CITY HONDS.
5s. g'd. Int., reg. or cp.
Ss, cnr.,re,;
53, new, reg. ,1892-1902 I10!« 111
100
««, 10-15, reg., l'7;-'8-l 103
6«, 15-33, reg., 1882-'92 113
Fenna.
do
do
do
do
do
Cs,In. Plane, rcg.,1379
Philadelphia, r>« reg
46.000
Inc..
I
folloiring are the totals for a series of
Loans,
L. Tenders.
Specie.
weeks
S
«
s
t
243,976,403
241,817.803
2:«. 470.900
19.271,700
18,852,300
16.551,700
17.010,300
42,454,400
41,975,'00
41,403,000
40,3 6,8)0
206,724,100
200,711,300
16.5r"..80J
3'.,9l'),300
Nov.
Nov.
Nov.
230. .'87,400
17,322.403
230,218.603
6 ',300
15,9:3S.<W0
17.
336,301,300
24.
1..
233,3-29,833
10.4) '.800
19.7..7,8i0
•<3S, 429.600
18,:J24.0.1J
4»,57a2'M
237,5 I4,IX)!3
239.764.20
459,173,9)0
18,915,030
19,508,803
;9,M4,'()3
22,122,4.0
239,2.66,(00
2.!M,936..300
10.
Dec.
Dei. 8..
Dec. 15.
Dec. 22.
Dec. 29.
1878.
5..
12.
19.
26.
Pel). 2..
Feb. 9..
Feb. 16.
Feb. 2).
Mar. 3..
Mar. a..
Jan.
Jan.
Jan.
Jin.
17,8H,900
198,918.30
Camden
Dela. 6s, reg., '86.
Delaware Division 6s, cp.,'18.
coupon
City 68,
Csmden&
do
do
do
do
pref
do
now pref
do
Delaware & Bound Brook....
Pennsylvania
East
Elmlra & 5\ iUiamsport..
do
pref..
do
Har. P. Mt. Joy
&
00
do
do
314
38H
43
48
Little Schuylkill
SilUfhIU
5
30
43)ii
47
Neaquehonlng Valley
Norrlstown
Northern Paclflc, pref
North Pennsylvania
United N. J. Compi»nk's
West Chester consol.
WestJersey
CANAL
115
117
pref....
30
STOCtiS.
Chesapeake & Delaware
Delaware Division
Lehigh Navigation
46
17,4
1 'i-i
50
120
do pref
Peausylvanla ..
Schuylkill Navigation
do
pref..
HH
Susquehnnna.
RAILROAD BONDS.
Allegheny Val.. 7 3-108, 139 i
108?< 107M
7s.E.e!tt.,1910
do
210,301,703
311.713.0
19,781,303
378,019,173
ai0,214,147
341,105,182
212,13-2,030
19.731,303
19,816.900
19,838,503
19,^85,110
83.01
.S2.i;9.40)
31.310.4i)3
','.00
37.1Ilt,900
BOsmi
31.815,>.O0
33.87 li.OOO
S10,Sfl(,(iOO
«.137.'i09
313,933,400
W)
31i,155,0lX)
30,055,
PHIL.iDELPIIlA
SBCt'BlTIKB.
Maine 6s
New Hampshire 6<
VermoDtw
289,437,491
4110,609.630
377,110,111
CITIES.
Bid. Ask.
old Colony, 78
80
Hs
Kuiland
Vermont * Mass.
8»,:8i mort
Verm'tC. Utm.,7*
-'ermont « Canada, new
Atch.*Tcpckalstm.7s
91%
land grantTs
2d7«
8s..
7s
68
»9>s
5S>s
;03H
Am
Boston A Loweins
Boston & .Mafue78
lii
A
Mo., Iand»rant7s....
do
l»eb.89,159l
1! I!.,
"i-i
i
I
13Jf
122H
1
I
t
17H 7«
'o»y, 107
no
ir,u
7356
86
llOk
111
Concord
78
78
1
isi
Connecticut River
Conn.& Passumpsic
x 40
do
Neb. Ss. 1S83
.. lOlg
Eastern (Mass.)
OH "Hi
Conn. A Passumnsif, 7*=, 182.-.
Eastern (New Hampshire) ...
Fllchburg lilt IS".
16
FItchburg
i'ld
'...;!
do
78
Manchester & Lawrence
Kan. City Top.* W., 7s, 18[
97
»7M Nashua & Lowell
do
do
7«. Inc
„
80
Xew York & New Plngland...
Bastcrn, .Mass.. 3k8, new ,.
"Hit Northern of New llninpdhlre
Banrord& Erie 7s, new
13
Norwich « Worcester
Ogdensburga l.alce Ch.Ss .. 10t.H
Ogdensii. * 1.. Champlatn ...
33 V
now
;
I
i
I
,
I
1
.
no
;i2« 114
1900,J.*J
1301,J.*J
112>4 114
88
113
Ball.* Ohio
100
lU
88
89
do
Wash. Branch.lOO 100 12s
do
Parkersb'g Br. .50
Northern Central
SO "isH "14
5Ve8tern Maryland
50
S
50 33
Central Ohio
25
&
&
Dan.
H.&
& Bound
69,
K3
104
108
107
various.
tst mort. 7s, '83 ..
ifet m., 78, '30.
1st m., 5s,perp
Harrlsburg Ist mort. 6*, '3i..
H. & B. T. Ist m. 7s, gold, '90,
do
do
100
2d ni. 76, gold, '93.
3d m. cons. 78, '95"
Ithaca* Athens 1st g d, r8.,'90
Junction Ist mort. b*, '32.
do
2d mort. 63, 19X1
.
&
103
113
100
112
60
108
A
103
83
.Oj
95
107
55
103
10
-(
(•5
do
-id, M.4N
331i
S<,3d,J.4J
do
im
Union RR. Ist, guar., J.* J., no
Can. on endorsed. lot
do
MISCELLANEOUS.
Baltimore das certlilcates... 100
13
People's Gas
97X
112
88
34
14«
115
102
103
1^
CIKCINNATI.
t
98
do
78
7'3i)8
do
t
South. RR. TSOs.t
do
do 68, gold.
do
Hamilton Co., O., 68. long., .t
no
78, 1 toSyra..-!
do
7 4 7-S08,long.t
Cln.& Gov, Bridge st'k, pref.
Cln. Ham. 4 D. 1st m. 7s, '30
2dm. 7s, '85..
do
Cln. Ham. 4 Ind., 7s, guar
100
108
Cln.
*
Indiana
1st
m.Ts
2d m.78, ',7...
do
Colnm. 4 Xenla, 1st m. 78, '90
Dayton & Mich, 1st m. 7s, '81
2J m.78, '84
do
lOSH
do
3d m. 7s, '33
Dayton 4 West. 1st m., '8 .t
do
1st m., 19<fi
1st m. es, 1903
do
lad. Cln. * Laf Ist m. 7s
(I.4C.)lstm.7s,'i"
do
LUtle Miami 6i, '33
Cln. Hani. * Dayton stock.
Miss., I8tm., 7-,g.*
Lehigh Valley, 69, coop., 1833.
:n
6s, reg., 189j.
do
113«
7s, reg., 1910... 113
do
do con. m.,69,rg., 19^3 «7^
98
8s,<p.,19 3 97
do
do
Little Schnylktil, 1st m. 7s ,'-2
North. Pcnn. Ut ni. 88, cp., 35, i09S4 iid
2d m.78,ep., '98. 113H lis
do
L. Sup.
92
108
97
Br., Ist, 7s. 1905
Wmsport,
do
99K
5Vllks.,lst.,78, '37'.
Delaware mort..
do 63,gld,1900, J.4J. 91
97
Cen. Ohio 68, l8tm.,'90,M.* 8.
W. Md. 69. 1st m., gr.,'90,J.&J.
do Ist m., 1890, J. * J...
do 2d m., guar., J.* J
do 21 m., pref
do 2d m.,gr. by W.C0.J4J
do 68. 3d ni.. guar., J. 4 J,
Mar. 4 Cin. 79, '92, P. &
...
1
. .
.
.
S«
97
too
187
100
108
113
101
8S
100
106
112
75
83
103
103
95
30
93
70
97
40
93
T3
103
106
lOOH 103
»4
9U
98
99
100
90
83
75
«0
93
Ot)
IIH
90
Xeula&tock...,
Dayton * Michigan stock..
Bt'k,guar
87«
S. p.c.
do
80
ma
86
100
13
Columbus*
LUtle Miami stock
8rf
LOriSVILLE.
Louisville 7s
63,'82to'87
do
68,'97to'9«
do
1
1
102« lOWi
100
8V)i too
99^1 100
water 68,'87 to '39
do
do gen. m.7e, cp., 1(103
100
water stock 68,'97.t
do
do gen. in. 78, reg., liW'i
ma.
100
+
-svharf 6s
do
DO
Oil Creek ist m. 78, coup..'8i.
spcc'ltax6iof '89.t 99H 100
do
ritlsb. Til usv. i B, 73, cp.,'96 61H 52
Jefl.M.&l.istm. (l«.M)7t,'81t
scrip
do
'S
2d in., is._
do
Pa.iN.Y.O.A BK.79,-96 ,906. 113^114
106
1stm.,7s, ».'6..-.t
do
Pennsylvania. Ist m., cp., '80.. MM .103
Ist m. 7s,'97.
LonIsv.C.*Ls>:.
107
ICOH
6s,
19.0
gen.
m.
cp.,
do
107
ex pj-t-due c -upjus
t 106
ven.m. 6s, tg.,i9;o. 103), 109
do
100
Louis.* Fr'k.,LouIsv.la,69,'8c6ns.m.6-,rg.,1905.
do
cons.m. 6s. cp., 19(^.
»2>» Loulsv. * NaBhvlIle—
do
lOO
68, '36.
t
Leb.
Br.
Navy Vard 69, reg..
do
100
1st m. Leb. Br. Ex.,78,'30-95-t
Perklomen ist m. 8*, coup., 'i"
90m 100
6s, '*)...
do
Lou. In.
PhllK.«iErie 1st m.6s cp.,-31 1()3}4
106«
'98
m.7s,
1st
Consol.
do
2d m 79,cp.,'38
Jefferson Mad. & Ind
Phlla.& Bead. Ist m.6s, '43-'41. leS
40ii 41
Louisville* Nashvl le ..^.do
do
'J8-.49.
I00«
Loolavllle Water 6j, Co. 1907 f 100
do
2d m., 78, p.,'93
ocbeu., cp., •9.3*
do
ST. LOVIS.
do
do
cp. off..
10»X
flO
3t. Louis «•, lo g ... .scrip, 13«.
do
water M, gold
01
do
do
ln.ni.7s, cp,18M
do new.,
do
;;i 10^
do
do cons, m. Is. cp..l9i!.. lOOH 101
loii!
bridge appr.. g. 6s t
da
do cons. m. 78, rK„19;i.. 100 100'>
IDS
renewal, gold, 6s.
do
do CO 8.m.6s,g.I.191I
sewer, g. 69, '9 -2-S.t 106H
ao
do conv.7s,rg.&cp.!898'
St. Louis Co. new park, g.Ss.l
do
7s. coup, off, '93
cur.is
t
do
do scrip, 135 J
St.L.4SaaF. Kli.bds, ser'sA 45
Phlla.A Bead. C.A I.deb.7s,i3
do B
do
do
do deb. 7s, coup, off
do C 23
do
do
do scrip, 1382
'
.
mi
1
Cheshire preferred
Cln.Sandnsky & clev
lUM
69ii
8s..
69 ....
STOCKS.
Atchl on & Topeka ..
98^ Boston & .Albany
8tr- Boston d: Loweh
t»
Boston Ai Maine.
108
Boston A Providence
118
Burlington & Mo. In Neb
108k
113
114
M.*S
_
Omsba A 8. We«ern,3a ..,. 104«
Pnsblo* Ark. Valley. ?s
89
....
do 99, KOM
Cblcago sewerage 7s
Mtiuklpal78...
_ do
Portland »«
Burl.
34-1,070,124
AND OTHER
Mauachiuetta Sa, gold
Boston Ss, currency
land Inc.
19,887,101)
BBOUHITIKS.
BOSTON.
63,coup,'33 103
63, coup., '89
63, '39
m. 7s, g.. 19)3
Cam.
21 m., "8. cur., 'SO
do
Cam. Burlington Co. 68, '97.
(^atawlssa 1st, 7s, conv., 'o2. .
chat, m., 10s, '83 ..
do
Ei.&
408,47-2.874
HI
68,eiempt,'J3,M.&8. 113
Cincinnati 68
03
mort.
324,338,060
0)
107
110
1I0« 111
1:0
y.—
RAILROAD STOCKS. Par.
37
Atl. Ist
4-,2,4il4.(:46
19.79-1,
242,859,903
do
do
19,857,800
l'i,84I,800
241,8.59,101
Camden &Amboy
6s, '17.
l-i.293.901
207,171,-iOO
31,140.900
3d m.
do
EastPenn.
37, 189,300
37,211,23)
37,382.203
34,S77,0ie
3l,2:i1,.W0
'3S
Bclvlderc Dela. Ist m.,6s,con. 104
rto
2d m. 69. '8,i. 100
Inc. 7s, end., '91
428,935,703
412,729,887
4C3,M-2.0:8
105
107
.
18,678,700
19,737,103
19,861.803
90
95
**H 45
«7H «8
lt% IBM Pittsburg & Connell8vllle..50
RAILROAD BONDS.
30
37
101«
Pennsylvania
28« 28M Bait. * Ohio 68, 18S0, .I.&J.... lOlM
10.5)4 106
do
63, 183.5, A.40.
Phlla<ielplila& Erie.
7«
88 103
Pnlliidelphla & Heading
ISM 11% N. W. Va. Sd m..guar.,'85,Jft
92
PIttsb.* Connell8v.78,'93,J&J
120
112
Philadelphia* Trenton
Northern Central 6s, '83, J&J !02>« 104
Phila.Wllmlng. Sc Baltimore.
103
do
68,1900, A.*0. 101
Pittsburg Tltusv. & Bua...
"aii "6*t
Del.
203,668.000
203,9:2,300
63, 1S8I, quarterly
8a, ;8S6, J.«J
68, 189). quarterly...
M.
68, park, 1890,
6s, 1893,
Norfolk water,
Lancaster.
Huntingdon & Broad Top...
do pref.
do
Lehigh Valley
488,942,-229
231,951, .500
jw
.
Baltimore
pref
18.-2fl8,?0i3
34,'<04.0i)0
98
87
90
Maryland 68, defense, J.& J.
103H
do
6s, exempt, 1(87 ... IIOH 118?)
109
do
112
6!, 1890, qnarierly.
100
do
103
58, quarterly. ..
Atlantic
do
Qo
Calawlssa
18.101,530
18,110,300
31.6:2,000
.37,582,90)
104
103
BilI.TIinORE.
do
78, reg. & coup
Delaware 6s, coupon
Harrlsburg City 6s, coupon ..
UAILKOAD STOCKS.
uew7s, 1900
do
Connecting 69, WOO-1904
1,20:)
24:l,(-.6;,S0O
do
4-J7,3S7,45$
8S
*
.
458.025,653
358,005,167
401,9i0,936
417,104.118
369,512.984
27,09
23.477..500
Bostons Albany
478,165,840
2.5,207.500
3 .,193,600
do
do
do
435,; 8 2,249
38,067,510
35,300,50)
2if..9« 1,200
ftUOTATIONS l\
198,.5(.1,.500
193,534.903
198.981,500
197,85:!.4C0
4n5,03a,?78
419,388.183
423.8 ;8,637
193.896,400
194,842,500
; 97,71 1,800
23?.404,300
241,2 5,501
310.456,200
21«,3iO.S0O
39,.3S2,90O
S9,9»9.i00
43.579,800
38.478,703
39. -133, 100
39,531,900
33,503,400
l8.7'^..V)')
2.3.5.'
197,171,810
195,561.503
191,848,700
191.364,900
1(3,557,300
15,598,100
15,734,100
15,991,200
l«,03l,000
16,230.300
16,728,000
17,158.800
17,720,200
103
•
do
Deposits. Circnlation. As^. Clear.
1877.
Sept. 22.
Sept. 29.
"
"
Oct.
6
Oct. 13..
Oct. 23..
Oct. 27 .
Nov. 3 .
2:S.3.'9,800
a3fi,133,800
pa->t:
do
Ist in. 6s, cp., '96.
do
Ist m.78, *97.
Western Penn. KK. 68, lasS..
do
6s P.B.,'96
OANAI. BONDS.
Chesap,
,
The
1901
Steuhenv. & Ind. 1st, e«, 1881. flax
Stony Creek Ist m. 7s, i»J7..
Sunburv* Erie 1st m.78, '97.. looi
llnlon&Tltusv. Ist m.7s, 'DO.
LTulled N.d. cons- m.6a, *91.. lot
Warren* F. I8tm.7e, '95
78X
West Chester cons. 7s, '91..... I'u lis
West Jersey 68, deb,, coup. ,'83
6fi,old,reg.-.
do
Lehigh Navigation 63, reg.,'3.1 103
do 6s,n.,rg.,prlorto'93
do
RR., rg.,'9; t02X
do 65, n.. rg.,189.) * over 112)< 113V4
conV.,g., rg.,'9J
uo
Allegheny (Jounty 5(, coup... P2
do
gold, 'sr?
Allegheny City 7s, reu....
do cons. m. 7s, rg., 1911
Pittsburg 4s, coup., 1913..
.Morris, boat loan, reg., 1S88..
5s, reg. 4 cp., 19U.
do
Pennsylvania 63, coup., '.910.
69, gold, reg
do
Schuylkill Nav. 1st m.68, '97.
78, w't'r ln,rg. &cn,
do
do
2dm. 6s, I
10 73, -(tr.linp.. rez.,'53-36*
6s, boat * car, 13:3
do
N. Jersey 6s, reg. and coup.
do
7s, boat * car. 19 5
exempt, rg. & coup
do
Susquehanna 63, coup., -,9.8 .*
Camden County 6s, coup
Morns
Specie
Legal Tenders
ghamokin V.ft Pottsv. Is,
113
Worcester^ Nashua
reg.* ep..'»3
Phlla.wilm.*Bart.«a,'g4 ...
Pltts.CIn.A at. Loul>78,:900 78
Phll.AII., m.78,
100>«
.
2.108,000
4.')0.000
1.735,000
4C8.900
400, IXX)
2,910,41X1
6.700
1.120,300
5,400
870,3i!0
76,V00
1,850,100
1.53i.900
4)r<.0:i0
578,200
632,500
4,535,000
4,9-;4,70a
226,500
331,400
2,014,000
69,000
1,951,900
13,160,000 1,398,000 1,133,000 10,-il6,OaO 2,35').030
361.000
202,100
1,648,700
71,800
1,689,900
188,900
1,742,200
3.000
104,700
1,674.700
332,300
312,20(,
2,82-:,»00
296,300
3,090,000
202,100
912,000
495.000
109,100
2.070,300
450,000
2,775,000
235,400
421,003
3,5.59.000
1.851, liOO
328,000
277,400
4.700
2,986 200
313,800
2,066,300
7Si,8X
231,300
3.U5 300
190,00)
29.00.0
1.029.800
1.206,700
320,000
2.C13.-200
2.31,300
872.466
2.0J5.800
15,611,000 1,541.400 3,374,100 t7,;3o.soo 1,113,300
540.0CO
18.505.S00 2,799,300 1,»42,':00 16,233,500
49'i,400
28,600
127,100
301,500
63).40O
100,600
550,700
8.100
44^,700
15,000
117,100
715.800
t36,900
67,100
118,700
5Si,9U0
704,200
95.100
iTO.CQO
52,000
52.900
459,100
14,357.0,0 l,5i»2,i*0 1,450,600 12,O9O,M)0 1,058,200
415,000 l,2o7,000
6,93.3,000
7,107,000
1,491,000
^
1,(181,000
540,000
1,914,000
269,000
2i5,400
475,000
2.727,900
3,145,100
600,000
8,067.000 1,4:6,400
735,600
8,643,500
450,000
581,500
789.000
6,774,700 1,266,700
6,935,.30O
240,900
124,000
1.0!r,500
816,600
269,000
1,133,100
1.5,200
220.000
806,300
225,000
1,120,600
31^,700
1,201.603
130,000
350,-;00
2,330,600
199,600
2,076,700
.300,(!00
3,101900
l.M6,600
Ogdensb.ftL.Champrin, pref.
uid Colony
Portland Baco A Portsmouth
<
—
'
In defaolt of lntere*t.
t
And Interest.
.
.
.. .
........ ...
.
.,
.
.
.
1
. ..
..
THE CHRONICLE
2f50
Bid. Ask,
BBOTTBITIKB.
State
Bonds.
NEW
& Alton 1st mort.
42
88,
88,
5
M.&E.BR..
Ala. ACtl.U.
Pac-
Chic, Bk.Isl.ft
do
do
do
19
4
4
S. F. Inc. 6s, "95
6s, 19'.7, coupon,
6.1,1917, reglst'd
J., ist m., new.
Central of N.
4
do
do
Lehigh
Ist consol.
do
4
do
con.conv...
4
111
ft Wilkes B.con.guar
108
Connecticut 6b
Am. Dock ft Improve, bonds
vew 100
Georgia 68
1'j7\ lOSJi Ch. Mil. ft St. P. ist m. 88, P.D
7b, new bonds.
do
do
do
2d m. 7 8-lb, do
do
78, endorsed. ..
K.I
Ist 78, gd
do
do
do
78, gold bonds..
106>i
do
do
do
1st 7s £
Illinois 68, coupon, iSlt.. 101
do
do
1st m.. La C. D.
101
War loan..
do
l8tm.,I.&M.D,
do
do
101
Kentucky 68
do
do
Ist m., I. ft D..
57
Louisiana 6B
do
do
I8tm., H.ftD
68,new
57
do
1st m., C. ft M.
do
do
do
68, floating debt 57
consol. sink, fd
do
do
57
do
78, Penitentiary
do
do
'2dm
6s, levee
57
do
Chic, ft N. Western sink. fund.
57
8s, do
do
do
Int. bonds
....
dD
8s, do 1875
57
do
20
consol. bds
do
do
88, of 1910
do
ext'n bds.
do
do
7b, consolidated
do
80)i 8IK
1st mort..
do
7S
do
78, small
do
cp.gld.bds.
do
do
Michigan 68, '.873-79
do
reg. do
68, 1883
do
do
Iowa Midland, tst mort. 88...
7s, I89U
do
Galena & Chicago Extended.
Hlssonrl 6s, due 1878.
Peninsula let mort., conv...
1882 or "83
do
do
1386 1049^
Chic. & Milwaukee, 1st mort
do
do
1897 105
Winona ft St. Peters, 1st m...
da
do
1888 I06>^
2d mort
do
do
do
or
'91,
105>,1889
do
C. C. C. ft Ind's 1st m. 7s, S. F.
do
consol. m, bonds
Asylum or Un., due 1892. 105K.
do
Del. Lack, ft Western, ^d m.
Funding, due 18J4-5...
lOSJi
7s, conv
do
do
Han. & St. Jos., due 1886. 104 >v
do 1837.
Morris ft Essex, Ist. m
do
do
2d mort
Rew York State—
bonds, 1900...
do
68, Canal Loan, 1878
construction
do
6s, go!a, reg....l887
do
78, of 1871 ..
do coup..!887
68,
do
iBt con. guar.
te,
do loan. ..1883
Del. 4 Hudson Canal, 1st m.,'8^
do do .1891
6s
IS9I
:892
do
no
do do
68,
do
do coup. 78, 1694
6e,
do do .1893
reg. J, 1894
do
do
Elorth CarolinaAlbanv ft Susq. Ist bonds..
SB, old, J. & J
do
A.&O
ao
-d
do
do
do
3d
N.C.RR
J.& J....
<ln
iBt coup. eUR'.. ..A.&O....
do
67
do coup, off J & J
47
Bens. 4 Saratoga, Ist coup.
Istre^Ist^d.
do
do do off, A. & O 47
Eric, 1st mort., extended
Funding act, 1866
9
1868
endorsed,
do
do
do
9
do 2d mort., 7s, 1879.
New bonds, J. ft J
8Hi
A. ft O
do
do 3d do 7s, 1883,
!»»
do 4th do 7s, 1830.
Special tax. Class 1
Class 2
do
do 5th do 7s, 1888
i^
'2
ClassS
do
do 7s, cons., mort., g'd bds..
Ohio 68, 1881
104
do Long Dock bonds
do 6s,l886
Bull. N. Y. ft E, l8t. m., 1916..
.
.
,
.
.
. .
.
,
.
.
. .
Rhode
South Carolina
6b
10
Jan. ft July
April ft Oct
Funding act, 1866
Land C, 1389, J. ft J
Land C, 188), A. ft O...
780f 1888
Non-fundable bonda ..
Tennessee
6s, old
68,
6s.
68, old
new
new eerles.
do
do
Virginia
6s,
6b,
Jo., 8s, conv. raort.
Illinois CentralDubuque ft Sioux Clty,l8t m.
do
do
2d dlv.
Han.
Island 68
new bonds,
do
1866
1867
68,conBol. bonds
ei matured coup. ..
coneol., 2d series
deferred bonds
District of Columbia 3.65s
6b,
6e,
68,
do
do
80
30
SO
40
40
30
35>4
5
mi
70
29
70H
65
24
islnnd
Louisville ft Nashville
guar.,
special
Cfi.,
Man
160
?««
Bensselaer ft Saratoga .
Borne "Watertown ft Og.
Bl. LoulB Alton ft T. H. ...
pref.
BellevUle&So.Ill.,pref,
St. L. I.M ft Southern..
5K
K. C. ft North 'n.pref
Terre Haute ft Ind'poUs
St. L.
ft
State Line 7s
Cons, coup., 2d.
Cons. reg.,'2d
90
....
Toledo 8s. 1889-'34
Toledo 1-308
Yonkers Water, due
1175^1 ...
103-1<I
...
...
Miss., consol. sink, fd
do
do
do
consolidated
2d do
Ist Spring, dlv.
9i%
do San Joaquin branch
do Cal. ft (Jregon Ist
do StHte Aid bonds.,.,,
do Land Grant bonds..
Western Pacific bonds. ...
Southern Pac. of Cal., 1st m
Union Pacific, ist mort. b'ds
do
Land grants, 78.
do
Sinking fund..
iniscel'ons Stocks,
19«
Penn.
llSJs....
114
I
102«
1U5
il05W
105
il05>t
1013:<105K
do
do
.
Cleve.
107
84)s
Mariposa L. ft M. Co
do
do
pref.
Ontario Silver Mining. ..
Railroad Bonds.
Col. Chic,
.f"
Erie, Ist m..
guar.
Bar.C.RftNorth..ist53.;
Chesa. 4 Ohlces.lstm...
^0
ex C9BP
ft
do
Prices.)
12
67
24«
13«
m,
25
Central Pacific, 7e, conv
Central of Iowa Istm. 7s, gold,
Chesapeake ft 0. 2d m., gold 78
Keokuk & St. Paul 88
Carthage & Bur. 88
Dixon Peoria & Han. 88.
O. O. & Fox K. Valley Ss
Chicfwo & Iowa K. 8888.
American Central Ss
Chicago Clinton ft Dub_
Chic 4 Can. South st m.
110
11
!«
02
«5
05
110
110
110
S«
97
;06>j
by
East.
111. Ist
5
g.
Denver Pac, 1st m.7s, ld.gr.,g.
UOJa Denver ft Rio Grande 78, gold.
Des Moines & Ft. Dodge Ist 7s.
110),
Detroit ft Bay City Ss, end. 't
DutchesB ft Columbia 7b
lOSKi
lU
16
Pittsburgh
.
Ist 78
do
con. m., 7s..
do
7s, equip...
Evansvllle ft Crawford8v.,78..
Evansvllle Hen. ft Nastiv. 78..
Evansvllle, T. H. 4 Chic. 7s. g.
Flint ft Pore M. Bs.Land grant.
Fort W., Jackson ft Sag. 8s, '8!'
Grand R.ft Ind. '.st 7s, l.g., gu
Chic, Istm.
do
2dm.
do
3dm.
ft
do
do
do
<io
4
2d mort., pref..
2d mort. Inc'me
S. lll.R. 1st
m.
4 Warsaw, E. D.
8s
.
do
W. D..
do Bur. Dlv.
do 2d mort.
do con6oI,7s
10
70
10
97
80
1:5
1
do
do
A
bonds
M.
end.,
83
B
ft
ft C.
Montgomery, new
do
new
Nashville
do
New
6s,
6s,
5s
3s
old
new
Orleans prera. 58
do
consol. 68...
•80
EO
90
i''7J^
91H
30
L.l8t 78
4
Greenville
do
50
00
00
84
64
75
75
00
25
89
98
96
53
20
25
95
106
90
92
45
6
42
34
25
North. Pac. Ist m. gld.
24
21
10
25
5
84
6
1
78.
do
guar
stock
do
do
I
MemphiB
ft
Little
Rock Istm.
m is
Mlsafsslppi Central Ist
do
do
Mont. 4
Mobile
I
.
2d m.Ss .,| 9:
2d ex coupons] 77
Tennessee. A .1105
do
B...
Eufaula 1st 8a, g., end
Mississippi
1
Ist 7a.
2d 78...
stock..
ft
do
do
do
&
.
Ohio sterling Bs
do ex cert.
88,
6s
interest.
2d mort. 8s
Jacks. 1st m.Ss. 105
Certificate, 2d mortg. 8s..
Nashville Chat, ft St. L. is.
Nashville ft Decatur, 1st 78,,.,
N. Orleans
&
Norfolk
Petersburg
ft
do
do
Northeastern,
S.
C,
m.8s
do 7s
Ist
2d m. 88
m.
2d m.
1st
88..
do
8a,.
Orange ft Alexandria, Ists, 6a.
do
2d8,6a.,
do
3ds,88.
do
4tll3,8S.
RIchra'd ft PeterBb'g lat m. 78.
Rich. Fre'kab'g
4
Poto.
6*
do
do mort. 78
Danv. l8t consol. 68.
Southwest RR., Ga .conv. 7s, "86
Southwestern, Ga., stock
Carolina RR. 1st m. 7s
Rich,
ft
. .
do
do
do
Savannah
7s, 1902
78, noamort.
stock
ft Char. IsL M. 7a
Charleston ft Savan'h 6s, end
West Alabama 2d m. 88, guar.
do
PAST
let m. 88
DITE COCTPONS.
Tennessee State coupons
South Carolina consol
Virginia coupons
do
consol. coup
Memnhls City Coupons
.iccrued iQte ett
Price nominal
90
Col. 78, 1st mort.
Memphis 4 Charleston
ve
3
do 2d m.'(8
Mo. K.& Tex. 1st 7s, g., 1904-'06 41
do
2d m. Income...
N.J. Midland 1st 78, gold
'ia
do
2d 78
2
S.Y. Elevated l!R., Istm
81
N. Y. ftOsw.Mld. 1st....
4
do
2d 7s. 1895.,
do recelv's ctfs. (labor) 27^
do
do
(other) 20
7 3-10..
8S«
Macon ft Augusta bojds..
do
2d endorsed.
85
85
82H 85
40
t85
50
gold
do
stock
do
do guar.
Carolina Central Ist m. 6s, g.
Central Georgia consol. m. 7s
do
stock
Charlotte Col. 4 A. Ist M. 7s.
do
do
stock
Cheraw 4 Darllngtou 88
East Tenn. 4 Georgia 68
East Tenn. ft Va, 6s end. Tenn
K. Tenn. Va. ft Ga. Ist m. 78...
do
do
stock
7B
40
•SO
.
do
2dm.. 7s. g..
Michigan Air Line 88, 1890....
88,
RAILROADS.
ft
100« Georgia RR. 78
do
stock
16
15
•
.
Chatt. Ist m. 8s, end
do Kec'ver's Cert'e(var.Nos)
Atlantlcft Gulf, consol
do
end. Savan'h.
Ala.
20
40
And
EK
Moblle5s (coups, on)
do 8s (coups, on)
do
68, funded
101
do 7s, Leaven, br., '96.. 33
13
do Incomes, No. 11
do
ia2H
do
No. 16...., 13
do
Stock
«%
Keokuk 4 Des Moines 1st 78.. 5u
do
funded Int. Ss 60
Lake Sup. ft Miss, ist is, gold. •15
23
Leav. Law. ft (ial. Ist m., 10s.
t
95
'0
Memphis bondt C
.
95
32« Mootclair ftG.
bonds
i\iacon bonds, 7s
do
10"%
.
7s,
L. bds.
Lynchburg 68
45
iBland RR., Ut mort.
83
Louisv. ft. Naebv. cons, m, 7s. lOJ
.
do
do
Columbia, S.
Colmnbus, Ga.,
15
.
Long
consol., B.f
4th mort
105
Ind. C, 1st mort 31
C, 78, F.
C, 68
f^^
'
102
Charleston. S.
20
21
40
m
do
2d mort
Watert'n ft Og., con. 1st
St. L. ft Iron Mouutain, Ist m 105
do
do
2d m.. 50
St. L. Alton ft T. H.—
AltonftT.H., 1st mort ..
108
Belleville
Tol. Peoria
.
60
Indlanap. ft Vincen. Ist 7s, gr..l 70
»"% international ^Texas) Ist g ...| 55
il^
63j)4
Int. H. ft G. N. conv. 88...
Iowa Falls & Sioux C. 1st
tb-iH
(95
Jackson Lans. ft Sag. Ss,l8t
106
lOej^' Kal. Allegan, ft G. R. 85, gr..
92)i
89
90
Kalamazoo & South H. 8s, gr. too
Cameron lOs . T98 ibo
»7h; tan Kansas City
!0
Kansas Pac. 18, g..ext. M&N,'99 48
67
do 78, g., I'd gr. JftJ.'SO 64
Hih'
ibs
20
do 78, g., do M&S,'86 17
103HI
72
95
do 68,gold, J.ftD., 1896
95
06% 106H
do 6s, do F.& A., 1895 94
lisby.
88
waterworks.
Augusta, Ga., 78, bonds.
Charleston stock 68
31
10
5
lOOJi 101>t
100>t lOIW
98
ilic
gold, 1892-1910. J.ftJt
gold. 1904 ..J.ftJ...t
pension. 1394.. J.ftjf
78,
7s,
lOs,
do
do
66
67
7fl"
Connecticut Valley is
Connecticut Western 1st 78 ..
Dan. Urb. Bl. ft P. Ist m. 7s, g.
ft
B
Atlanta, Ga., is
111
103
110
lOlH 106
mort., 68
.
A
OITIES.
113
11)2
22
15
51
do
.2dm. Inc. 78. 10
Chic ft Mien. L. Sh. 1st hb. '89. f'S
Chic ft S'th western "Js, guar.. 95
Cln. Laf ayette & Chic, let m.
70
Col. ft Hock V. 1st 7s, 39 years. 100
do
Ist 7s, 10 years. 93
90
do
2d 78, 20 years..
ft
Class
Class
do
riillroad, 6a..
102>8 103>s
do
wharf Imp'ts, 7.3b
111
llu
Norfolk 68
no 111 Petersburg 68
109>^
do
88
25
20
Richmond 68
IWJi ioih' Savennah 78, old...
67>,
62
do
7s, new
WUm'ton, N.C., 6s, gold i coup
t lOOJs
.
1
Rome
m
2a in. g.
Canada Southern, 1st m. c :>up
do
do reg
Chic,
ft Pitts.,
ao
'.
do
do
do
UIJS
68,
.
,
W.
110
110
106
Bur. ft Mo. Riv., land m. 78...tillOJs 111
112
do
convert 8s. var. ser. 109
08
Calroft Fulton, Ist 7s, gold... 05
California Pac. RR., 7b, gold .
91H
lOOJi'llOK Qulncy & Warsaw 88
10s il08U llHuoffl Grand Trunk....
83Hl ena Chic. Dub. & Minn. 88 ..
Peoria & Hannibal U. .,
Income, 78.
IstCaron'tB
RR-
STATES.
do
do
Class C
Georgia 6s, 1878-'89
I07>i South Carolina new consol. 6s.
100
Texas 5s, 1892
M.ftSt
lOS
19?3
(Brokers' Quotations.)
Alabama new consols.
do
do
108
1303t HI
t 104
...
6s,g
Ist, 7s
Southern Securities.
89
85
106
t 105
t 90
t 107
long... 112
t 103
t 110
Deb. certs
I
7s.
7s. 1st
Wisconsin Cent.,
,
..,
112% lie
2d mort
Pltts. Ft.
99
103
—
do
Newark
Union ft Logansport is
Union PacIITc, 80. branch,
West Wisconsin 7s, gold..
108
114
102
104
lOSJs 104
104
102
110
109
112«
110
8<
t5
111
.
80
85
95
91
94 Jf 96
95
95
:95K
108
96
93
guar
2d,
ft
Sioux City 4 Pacific 6s
South Side, L. I., l8t m. bonds.
do
sink. fund...
lOiH
South. Cent, of N. Y. 78, guar.
Southern Minn. Ist mort. 8s...
KAILEOADS.
97>t
Pacific RailroadsCentral Pacific gold bonds.,
do
do
do
Atlauilcft Pac. Tel
Am. District Telegraph..
Canton Co., Baltimore...
Cent. N. J Land ft Im. Co.
American Coat
Consoltdat'n Coal of Md.
Cumberland Coal ft Iron.
Maryland Coat
Penneylvanla Coal
Spring Mountain Coal
t
.
ft
do
Sandusky Mane,
Atchison & Nebraska, 3 p. c.
Atchison & P. Peak, 6a. gold.. 35
Boston ft N. Y. Air Line. Ist m 101>^ 103
08
Bur. C. R. ftN., 1st =8, new, 1906
Erie
Pacific R. of Mo., 1st mort..
UnttedN.J.R.&C.....
Warren
ft
L...
t
t
t
t
t
+
t
t
6s, 1883
•MbH
106
do
6b, 1887
do
6b, real estate...
104)i
do
6s, subscription, •04H
do
Jst .8, l.g., notgu.
do ft Hudson, Ist m., coup 119 111^
do
1st ex t. g. 7i
do
do
1st m., reg.. 119
Grand River Valley Ss, let m
112
Hudson B. 7s, 2d m., s.f., 1885
Houston ft Gt. North. 1st (8, g.
Harlem, 1st mort. 78, coup... 120>i 121
Ho US. 4 Texas C. 1st 7b, gold..
do
do
"Vs. reg....
121
do
consol. bds..
North Missouri, 1st mort
103% 101
Indianapolis ft St. Louis Ist 7s
lOhlo
Missouri Kansas ft Texas.
New Jersey Southern
New York Elevated Kli..
N. Y. New Haven ft Hart.
Ohio ft Mississippi, pref
do
4 Erie,
various
Indianapolis 7-308
110
new bds
new bonds..
68,
"
St. L. ft So'eastern 1st 7s. gold.
St. Louis Vandalla ft T. HT 1st.
t 103
1885-98
Long Ifland City
Newark City 7s long
do
Water 7s,
Oswego 78
Poughkeepsle Water
Uocnester C. Water bds.,
Ash., old bds
1st m. 8s. :882, s.f.
equipment bonds.
New Jersey Southern ist m. 7s
do
do
consol. 7s
Lone
Boston H.
Hartford
103Vill06
lOOJi 104
do
do
cm. ft Laf
Exchanae
104
108
90
77
110
1
S.F., 7 p.c. 11 1«
Marietta 4 Cln. let mort
Mich. Cent., consol. 7s, 1902
JoUetft Chicago
(Stock
106
83
I....
78, g.
San F., 2d m., class A.
do
do
class B.
do
do
class C.
South Pacific Railroad, Ist m
St. L. ft
do
Detroit Water Works 7s
Elizabeth City, 1880-95
do
100
107
.
Kalamazoo ft W. Pigeon, iBt
Det. Mon. ft Tol.,lst 78, 1906.
Lake Shore Dlv. bonds
Cons. coup.. Ist.
do
do
Cons, reg., Ist.
do
Krlepref
do
ft
do
do
Harlem
do
'
1
1
So. Pac. of Cal., 1st "A" 6s, g.
Tol. Can. 80. 4 Det Ist 78, g.
Albany, N. Y., 68, long
Buffalo Water, long
Chicago 68, long dates
109M
do
78, sewerage
108
do
78, water
VM% 108J(
do
78, river Iraprovem't
1109
....
7.'', long
Cleveland
108
10,S
VfiSi
Rome W'townftOg
St. L. 4 I. Mt. (Ark. Br.)
I
OITIES.
95>^
96
97
I
Pullman Palace Car Co. stock.!.,.,
do
bds., 88, 4th series 90
(.Brokers' (Juotatiotis.)
95
9«})i
.
miscellaneous List.
96
97
95
106 !< :05H
95)^
101
I'Oswego & Rome 78, guar
90
•80
Peoria Pekln & J. 1st mort
92
& Hock I. 78, gold
.15
709^ iPeorIa
.
.
"
"
Port" Huron ft L. MVfs,
".7s g. end. 13
—
lOShi 107
97*;
N. Y. Central
Cleve. Col. Cln. &1
Cleve. ft Pittsburg, guar.
Coi. Chic. 4 I Cent
Dnbuque ft Sioux City.
do
mort.
.
Chicago ft Alton
do
pref
W. ft
102
;o4« 105
101
new bonds
Cleve. P'vlUe
small.
registered
do
'2d
Tol. sinking fund
ft
do
Buffalo
Buffalo
Burl. C. Kap. /s. Kortberu.
Central Paclflc
Fltts. Ft.
Cleve.
d»
Railroad Stocks.
(ActiveprerVusti/ tjuoCd.)
Albany & Susquehanna...
Indlanap.
do
do
Lake ShoreMich S. 4 N. Ind.,
•5>s|
li7<
Omaha ft Southwestern RR. 88 104K
ft
.
I
66)i
3»X 35M
Minn., Ist mort..
Indlanap. Bl. 4 W., Ist mort..
37
4>s
MH
84
&
Cedar F.
J.^
37H 33
35
X'H
36
27
31
31
70
58
ft St.
:07« 10T%
107« 107«
111% 112
may ht
BKOUBITIBS.
Wabash, let m. extend
do
ex coupon
'.Btm.St.L. dlv.
do
do
ex-matured coup.
do
2(1 mort
t<2ii
do Ex 4 Nov. ,'77, coup.
do
eouln't bonds.
do
con. convert...
do Ex. Nov.,'78,ft prev's
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort.. '93.
do Ex 4 Nov..'77,COUii
Qulncy ft Toledo, let m..'90.. 80
do ex mat. ft Nov.,'?7,cou. 76«
Illinois ft So. Iowa, Ist mort
do
ex coupon. ...
Han. ft Cent. Missouri, Istm
Pekln Llnc'ln & Dec't'r,lst m
Western Union Tel., 1900, coup
reg
do
do
Tol.
114J.
.
m
2U
20
88 of 18K2
880f 1893
Arkac.«a8 68, funded
do 7s, h. VS.. & Ft. S. IBS
do To Memphis & L.R.
do 78,1.. K.P. B. aN.O
do Is, M1B8. O. & K. R
do 7b, Ark. Cent. KR..
,
.
4)2
88,1888
YORK.
BSCUBITIKB.
106>, 108
do
Income. .
110
109
Jollet ft Chicago, Ist m....
8J
La. ft Mo., 1st m., guar
St.L.Jack.ft Chic, Ist
l!4Ji 115«
Chic. Bur. 4 Q. 8 p. c, Ist m.
do
do consol. m. 7s 110 llOJi
5s slnk'g f 'd. A.&O
do
91K
.
'
Prices represent the per cent value, whatever the par
BKCCRITISS.
Jhlcago
43
42
5a, 1883
58,1866. .....
do
do
do
do
do
do
do
... .. .
[Vol. XXVI.
QUOTATIONS OF STOCKS AND BONDS IN
Bond* and Railroad Stocks are quoted on a previous page.
U. 8. aetine
^aoama
.. .
.
"Price u-.u.loii
I
70
"'so
80
.
Mi.RCu
—
S3sI«84
.
.
.
THE CHRON^ICLR
16. 1878.]
NEW YORK LOCAL
Bank
M»rkod thui
vm
(•;
il.
America'
tmertcan Rxch
Brewen'AGroV
Broadvay
—
BDtcher«*DroT.
Central
iaii.ii(o
»«
as
1.000,000
l,3W9(0
lU
900,1100
l>.>0(i
•a
300,000
3,00U,OU
3W,00I'
3i.m
lOU
»
Cbve
Uhatham
aj!
.1
M.
390.800
Cltjr
100
1(10
5,000.001'
X
Citizens'
nv
Commercial*
SM
lIKI
1
..!50,00«'
J6(',6ill
Corn KxchaoKe*.
lOP
l.iWOW'
iii:.4iic
a
a
Baat Klver
Blerentb Ward*
Firth
Fifth Avenue'...
PI rat
l(K)
too
lOV
100
Foarlh
fulton
jlSO.OOl
eoo.ooi
1
luo
too
200,00>
aoo.oa
U'U,0«'
aoo.oo(
II'
100
1 000.001
100
tOO.«)0
1011
500,001
y
Manhattan*
Manol. * llerch*..
Marine
Market.
Mechanlca
Mech. BkgAato...
Mechanlca* Trad.
WO.OOI
5fi
10i)J-.(
100
90
(00.001
2.0IS0.U>
611
l'"J,ltX
10,1
400,001
xsmojaa.
101
a
J,000,00('
900,001'
M
Jan
Jau
ii
4.3,f00
6 5,;ou
10
May.
May.
S-LIOO
11,:00
:a)
ro.soo
:so,90o
I2,:00
M.AN.
•I.
:3i,.oe J.
A
Commerce
Commercial
July
(Jontlneutal
2, "77.. .8
1, -.t ..8
/an.
7S
.'!0V.
J.
Jan
2. '-S.3)«
Jan. 2.
Jan. 4,
'.8...!
';8...3
;an. 2. 78...!)
Feb.9, -.8 .4
A
Julyl,'75..8>»
Jan. 3, 76...
M.AN.
May
1.
W0,00('
IKEOO M.AN.
IS3,<00
MAN.
.>Joy.!,';7
l.OOOMl
-:ov.
S,000,OC('
I.OUO,00(.
8(3.T0l>
231,'.0D
J.
J.
Jan.
WOfiK
MarrajrHlU'
Kassan*
lOO
100
K.r.Nat.Exch..
130
100
100
50
00
Kewrork
Kew Tork Connt)
lOf.
Ninth
North America*...
North River*
n
Blitb
State of N.r.
Third
I
'
Tradesmen's
Onion
West Side*...
M.AN.
NOV.10,'77..:'
J a". -4. "73 3,
4:,iou
"3:.600
.J.
so.-.ai .J.
300,1100
i50,or(.
;5.ioo
17.300
60,90u
19.600
A
A
J.
J.
fan.
Fe
J.A
j!
AJ
AJ
:2*o •J. A J.
21 5^00 Q-F.
.)
.
.J
.
•.
Ja".3.
'77..
.July
'77 ..3
.=>,
917,300
.1 .
85
30
412,5011
154,,'00
.I.A J.
Jan. 2,'7i...4
AJ.
Jan. 'i, '7S...3
Jiily.l.S':i.3X
900,00(>
42a.'m
isi,roo J.
^.WCOOP
2SM00
1J)00,OOP
IS3.10f F.AA.
.iLJU).!.
J.
Aug.l3.7;2s
Jan. 3. 'n...
11,'iM) .I.A J.
i)t.EIXl.I.A J.
40 400 J.
Jan.
300,00('
300.000
lOli
I,000,00f
200.00ft
40
50
ion
AJ
I.OOO.OOC
JSCJXXI
100
:oo
100
100
1
800,00(1
1,(100,000
I,0OO,0Or
i,'«a,(ioo
300.00(1
UMl
S7X
.S
Julyl,'71.3X
Jan.i. 'TS^.b
Feb. l.~«.2S 1.10X
Jan. 2,'78.,..H 91
Feh.4.'7S
F.A'ii.
A
Jan.
AJ
n4,300;M.4 N.
•2»,608.J.A.I
3I9.90C J. AJ.
<75,700 M.AN.
8t,S(IO J.
J.
A
.Jan. I,',3.,.S
Nov 10.'. 7 3
Jan. 2,1i.. 3
U9"
35 3,000,000
30 1.200,000
830.0(»
1000
50 1,890,000
Harlem
A Uoboken
'20
Manhattan
UetropoUtan
do
certiOcatea
do
bonJs
Mutual, N. Y
do
bonds
Nassau, Brooklyn
do
scrip
50 4,000,000
New York
People's (Brooklyn)
an
do
do
do
Central of
bond*
certificates..
New York
3,;00,000
1.000,000
500,000
var
7|lO,0C0
IW
10
4,000.000
1,000,000
I0((
3-45,000
I
*
WUlUmsburg
do
100
var,
lOOO
100
lOOC
£•
var
SO
scrip
BitKlur iSJ.it /"uKonXTry— stk.
1st mortgage
Seventh Avt—tUi..
let
£
*
J:A
mortgage
BPOoUyn CUy—stuck
let mortgage
Broaiaaii (Brooktt/ni— uncle..
Brooklva <» Hunter't rt— stock.
Ist mortgage bond)
Suihmtct Av. (/r*I«n)— stock.
lientral Pk. H. dt E. TMcer— stk.
Consolidated mortgage bonus
Dt'j Dock, K. B. <t Battery—lOi
1st mc^rtfiruge
Centrnl
f.yoHK 'lown-
stork.
..
mortirage
Houston. HVAi xt.itfUv.F*t/—ttk
1st
1st
mortgage
£«con<i ^r£n M/T— stock
3d mortgave
C<iaa. ConvertlJlc
Extension
SaeihAientie- stock
tst
mortgage
V.
J.
Jan.15,'78
300,000
4S6.00O
1,000.000
M.AN.
Nov
Nov
J.
Jan.,
M.AN
4J
K.AA
J. 'A J.
F.4 A
Quar.
J. 4 J.
M.AN
l,'i7.
1,'77
Jan.,
lOO
l«
1,'7?.
July, -77.
•;s.
Nov"^0,'77
145
100
titVOU
1.8(0,000
j.'aj!
1, '200.000
J.
AD.
<J-F.
9aojxm J.
1/100,000 J.
AD
A
A
J.
J.
203.000 J.
748.000 M.AN.
336.000 A.AO.
600/100
300.000 m!an.
lio.cno
5011,000
1.199 JOO
ISO/WO
l/tSC.'JOJ
.'I'.A
j!
Q.-F.
A.AO.
M.AN.
A.AO.
M.AN.
200,000
"50.00(
115,000 J.
A J.
165
65
ll'O
96
170
201
132
102
103
SO
102
t9
IfO
I'M
49
»«X
84
83
llli
UO
7.J
110
Broadway.]
(l-F.
100
luoo
100
,
t>5
93
A
ll'O
1(0
73
9>
;5
«9
115
Feb.
800.000 M.AN.
300/100
<J-J.
400/100 A.AO.
800,000 J.
J.
1000
100
lOOU
ISOx
lOOx
'77.
Jan.,
A
AD.
.
200
iO
75
75
«0o,0(4)
1.400,000
ISO
'<5
694,000 J.
J.
3,100,000 Q-J.
1,500/100 J.
'4.000,000
15S
SO
95
93
7<>
,V 0,0'
u«o
low
6, 'iS
Var
1009
100
:oo
1000
1000
900 Ac
luv
Feb.
Feb.
1,000.000
lUU
10(1
Feb.
l.';8
-IS
1, '76
«, '79
Feb. !,'»
I
900
,,.
Feb.
J'n..
Jan.l5,"78,
1,1101 ,(U(
Ist morteagt', cona^d
3C0AC
Eighth .4renM<— stock
100
1st morteflRf
1000
iidSt. tt 'irnnd St >errir -stock
100
>
15,
let. I,'l7.
Qoar.
IK
:o
Ian.
'77
IlUrd .4crn<ie— stock. „
1011
3'(XJ0/(I0
<J-F.
1st mortgage
1000
3 'XOfiOO jTaj.
llamti-ihlra atreei—tUKK
lOO
600,000 J ft J.
1st mo- t7npp
IffO
5fin.nnn M.AN
* Thia tolamn thaws last dividend on ilook4, but
the date 0!
*
3
July,I9</)
m
Jan,
70
"78
Nov..
'.»
104
Jan.,
Oct.,
^78
165
"76
76
90
Dec
..
Prodnce Exchange
1(1(1
100
100
100
June,
Jan.,
Jan..
'78
'93
"78
'31
sov, t;
April.
'113
NoV.,l«H
Jan..
April,
'.S
May,
•as
•as
'.-i
'r.
•2.1
Westchester
Williamsburg City.
lU
all
I
.10
Ifia York:
Water stock
100
93
no
:51,093
126,919
57.931
tl3<.9l6
8C.4J1
r,3
lO'
75
60
10
10
19
J'*r'., 75. .5
.Jan., '73.15
Jan,. '7S..5
.Jan.,'78.7M
Ian.. '77..
.)al..'78.3H
Ian 7'i..lu
Ian., '78. 5
'an., "78. .5
16'
10
10
7
Ja"... •:s..6
108
90
10
'20
Mch..-7S..5
Jan.. '73.11
13U"
20
lau.
10
Jan.,
10
10
U5
120
175
1M.S06
10
10
Jan
.
'78. .5
'40
Jan.,
'7H.1I1
i7T,');8
10
'73.1(1
49.9)2
I»!,C16
114.9:6
Jan
Jan
20
'd 1.737
20
11 3,519
323,996
178.795
10
20
20
10
17
K'4.H!
421.633
10!.5S1
Jan
'78.10
',8. 7
JulVi''77.'!^
206.0'.6
Ja'i., '73. in
Jan
5'i.l
T'..S
".8.IL'
Jan.,
July,
10
July, 76
11
12S
Jan., -IS. .5
Jan., 78.10
Jan ,^78..8
10
Feb., '78..
40
4
'20
n
I
16
in
1.0(13
150
^0
85
65
50
ICO
'77..
.5
1'2U
Jan. ,7-. 7),
1!0
Ftb
Jan
i26"
,'73.. 6
.
"73.
Jan., '7S. 5
"an . '73 6
Jan.,
Jan., ''8.10)
125
iI6
10
'55"
'.13
'78. s
Iuly,'r7.«"23
10
40
I6,3fi6
irg
190
ISO
3X
to
10
116
163,534
iii.t
•2'2
,
Jan.,
I..n..'77
.
40
141
l;5
119
90
123
liO
95
111
Wall strset.l
fa;
do
do
do
do
do
do
do
do
May 4 November.
May Aug. A Nov.
Feb..
do
do
(*o
do
May A November.
Feb..May, Aug.A Nov,
1860.
1865-68.
1S69
....1869.
May A Novcnher.
do
do
do
do
do
do
do
do
var.
var.
var.
,
Jeraey
do
January
do
('
ttaicKw, Jr..
Juiuary
do
do
do
do
ao
do
A
ir,»-90
1876-79
1890
188S-90
13S1-191I
1884-1900
1907-U
187b-98
1877-99
1901
lb9S
1878
1894-97
1889
1879-90
1901
1888
1879-83
1891
"lo
July,
do
ll«l
Hroker. 4H v»nil
A
July,
l«02-l«l>5
dr»
no
January * July,
do
do
;oo
100
U2
1U3
ICl
iia
103
105
1(4
1.2
106
•01
100
118
106
us
UK
100
117
101
1(3
us
107
119
108
US
113
103
113
101
lUB
105
IC»
106
101
101
114
lllli
1(4
r.s
11*
1(U
104
1C3
102X
II*
sl.i
1878-80
1881-95
1915-24
1908
1919
do
do
do
do
do
do
Mar A November,
do
ins :•
117h
i:>
104
It
9
ai-M
101
117
H£(M«
1(5
lOSH
l'2
:
U'C-IJ
19'41
JO7-1H0
K8
ll)l
•
110
lit
flat.
vuy—
Waiei loan, long
do
Bid.
May Aag.A Nov
Feb..
IQuotatlons by C. Zabbii-kis. 47 Montgomery
maturity of bontti
,
Feb,
108,388
739 112
1
95
196
'73.,
Jan., '7i..f
Oct., '77..
Jan., •73.40
Jan.. '78. .€
160.(44
123.751
i5
Jan., •;8..7
Jan., •7''.1U
Jan., '76..
16"
14. PI
93
,'7f..5
Jan..
3,'.'5li
1811-93.
•All BrooKlyn b'lnds
loa
105
,
10
12
a)
40
55,755
t 6.34
-18,15(1
60.747
203,7i5
116.913
US
•7'..
208,(114
S!68,^»l
—
'
'si
140
135
99
106
80
15
13
10
8.S14
41S.830
14S
370
Jan., '78..
Jan., '7e..5
Jan.. '78. .5
Jan., '76. .5
Jao.. '.8. .5
Jan.. '78.
Jan.. '78.
Jan.. 'IS..5
Jan., '7i..6
— 46,l';3
5i
.6
Aug.,'7«..V
10
49,«lll
IW
119
Jan.. '73.
11,
101,159
39,470
196,61S
U-S.O.O
Ilia
125
10
30
!0
131/66
140
16U
300
Ian., ':-i..J
fig's
•20,181
(9
55
Inly. '17..
.50
a6.0:9
139.118
553.398
98.178
1,016.703
1854-57.
do
Croton waterstock.. 1845-51.
do
..1S52-60.
do
Croton Aqued'ct stock. 1865.
pipes and mains...
do
reservoir bonds
I0
Central PaiX bonds.. 1853-57.
..I35S-(».
do
no
ISTO.
Dock bonds
1^75.
do
CO
UO
',
m
IM
Bondsdue.
Brldg-
'70"
Ian., 1S7J
;0,783
4.973
S.iSi
636.9 1
653.0.9
116.153
801.6:4
'77..
Jan., "78 5
Jan.. T? .3
Feb.. •78.. 5
Jan.,^7».7H
'.0
m
'77. .5
Months Payable.
Park bonds
9.1
;o
10
IS
ID
40
tcs
iN-rKKKBT.
do
m
Inly,
Jan.,
Jan., •7S.in
Jan.,71.6-65
Oct.. "77.1
Cttr Securities.
Damikl A. Moras, Broker.
(juotatlons by
Water loan bonds
<3
ll;,7-<8
—
300,000
200.000
200,000
200,000
200,000
300,000
200,000
200,000
200,000
300,000
150,000
250,000
300.000
250,0(0
Brldf;ebonda
'MTal.er loan
City Donoa
Kings Co. bonds
90
13
10
30
10
m
175
170
119
113
liabilliles. Incl'Jding
do
bonds
ioo'
119
17
17
161.801
399,436
495,731
96.572
-19.7.'4
70
IOO
1>}
.5
Dec., '77. 10
Feb., 17..
Feb.,'78.10
Jan.. '71
Ian,, ^a.in
Feb.. '78..
Jan ,18..
20
87,i>3<
'.iOlVOC
•300,000
tgimiMtious iiy N.
BrooktuTt -Lov&l Impr'em'
City bonds
tU5
90
'JI
190
200
403.142
20
20
re-lnsurauce, capital and ^crlp.
t Th«i surplus
renreaented by scrip 18 deducted, t Continental, i.'4.j la 1S76 and U'BO In 1S77;
Standard, 1135 la 11)76 and 12'35 In 18:7. (— > shows deficiencies.
•Over
P<trk
July,lK«
•!>;
nlted states
do
t
New Consolidated
Westchester County
»2M
I'Ji
-78
(7
'45
do
ioo"
Jury,H9C
Feb ,
Mav.
Stuyvesant
Tradesmen's
Consolidated bonds
II
.Iiiiy.W94
Oct..
.May.
35
100
25
50
100
100
25
5
151,5b8
1,000,000
50
Street Imp. stock'
40
,lt03
Feb.,
100
100
50
35
25
100
no na's
—13,406
1.50,000
35
100
'40
—17,877 10
i.mt 10
300,000
300,000
200.000
250,000
300,000
150,000
:oo,ooo
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500.000
350,000
200,000
200/100
150,000
150,000
25
90
90
50
50
50
Floating debt stock
62J(
Jan.,
Paid
Jan., 'IS..!
Jan.. '77. .4
./an.. 77. .5
Jan., T..1
10
10
fig's
109,574
29:'12l
:79,468
138.119
200,000
300,000
300,010
150,000
380,000
150,000
300,000
IOO
25
50
25
100
100
Market stock
Imprjvemeut slock
do
(.0
June,1884 100
Feb.. "78 195
Lut
Jnly.
Jan.,
^74 5
Ian.. •78..:
7H
-9,618
t3.'(','('.0
1.50.000
30
30
40
50
20
50
50
Star
Sterling
FjS a,
00
10'
lOOO
100
1000
Peter Cooper.
People's
Phenlx (H'klvn)
Rutgers'
Safeguard
St.Nicbolas
Standard
1
Date.
Dec.21
A.AU
F.AA.
A J.
J. A J.
M.AS
M.AS
tQnoUtlons by H. L. Obast, Broker,
troadaay
City....
Niagara
North Blver
Republic
Resolute
..4
':8..4
1. 000,000
var 1000,000
Uetropolltsn. Brooklyn
MUDlrlpal
Var.
Var.
383,000 J.
5.000,1
Builders*.
National
N. Y. Equitable....
New York Fire ...
N. y. 4 Boston ..
Sovl,'7?
s
Jersey City
A
Manuf
Manhattan
Mech.ATrad'ra'
Mechanlc8'(Bk]yu)
Mercantile
Merchants'
Kellef
and
Brooklyn Oa« LlghlCo
Citizens 'Gas Co (Bklyn)
do
4ertlUcate&
*
LonglsIandcBkly.)
JaD.2,';i...4
ParAmonnt. Period a
500,000
200,000
200,000
300,000
300,000
Lafayette (B'klyn)
Park
Cltj- Railroad Stocks
Bonds.
[Qaa (juotatlons by (Jeorne H. Prentiss. Broker, 30 broad street.
OAt COilPAHISS,
50
SO
25
10(
Hldgewood
Caaand
200,000
1,000,000
'Trad..
Pacific
125"
I.
lO(l
150,000
500,000
New York
i. '.i...s
2. -78.. .5
I>7t 1377
20
'414.833 30
2llC.n(,0
IOC
Nassau (B'klyn)...
t5
..'.
aoo/no
200.000
200,000
153,000
800,000
210,000
350,000
300,000
300,000
200,000
1,000,000
300,000
200,000
300,000
200,010
200,000
204,000
150,000
150,000
1(10
Montauk (B'klyn).
95'
DO
25
50
90
LorlTlarct
IS..)
I,
20(1.000
Hope
Lenox
9J"
10
900,000
200,000
Lamar..
1U6H
7.1,1;;
3,(X)O,0OO
Knickerbocker
3. '.8..
10
14
50
50
Jefferson
Kings Co. (B'klyn)
ii')<
2'2/i,l
t21l,;(2
100
ion
119X llOM
Ij.J.'K
10
Home
l(-6
.4
3,000,000
1(1"
,
Oct ,':5.
ioo,ow
;oo,oo(
100
100
101
Second
Shoe and Leather.
A.A O.
85
300.000
300,000
400.000
300,000
300/100
300/100
Utl
100
15
Importers'A
Irving
.luly '2,-;7...3
100
Peoples*
Phenlx
Produce*
Jan.3, '7S.3H
Jan. 7, '73.. .5
S,!l
3. '78 3).
400,000
Pacmc*
Park
3<.eou
«65,2«.
A J.
A J.
J. A J.
.1. A J.
Ml
2S
50
Oriental*
Renubllc
Bt. Nicholas
Seventh Ward...
3.000,001
xxi,oai
1,000,001
3.000,00(
10(1
Sh
'77. 8
I,
Globe
Greenwich
Guaranty
Guardian
Hamilton
17
10
10
Howard
r5
'77.3^
3S
90
Hoffman
y'ao. I, ".8.3X
'7S...4 '.SOS
100
81'
Hanover
Jaa.2,
Mercantile
4ercbanta
Merchants' Ex
Metropolis*
Metropolitan
w
M
Mcl..l.'75..4
Jan 2, "H...7
J.
J.
100
Oebhard
German- American
Germanla
"
.VaniVV'llV.'s
J.
81,000 .]. A J.
301. to .).A J.
933,00 J. A J.
8J.:00
""
1
100
40
1011
Firemen's
Klreraen'sFund
Firemen's Trust...
Franklin
May 11, •77..
May 2, "77...
7
3
5(1
kxctiaoge
Farragut
270X
Feb.l,'7I...S
'«
Fire
Kagle
2. *7S...o
1, '77
Nov
K.A A
e.6oi:
70
:oo
SO
IOO
Kmplre City
Kmporlain
Oct.l0,'77.3)i
7X
1S20C
43-VOO .jVa".!.
i,(i;6,fOo
20
City
Clinton
Feb.l,n8..„'i
'J30J<
A J.
A
17
.ian'.!.''7«.!!3
j'ani'i.'Ws.V.S
100
35
Citizens'
in)4
7, '73. ..4
Juy
M.A3.
UMi.MO
A M'lst'rs
30
50
25
Brooklyn
Oct. 1.T7.2X
.iVa j!
I.
100
Columbia
ipj'.'
S9(V*C J. A J.
41.HC
Amliy
Bowery
2. '78...
"
M.AN.
A.AO.
iV.W F.AA.
100
50
100
Broalway
Ni,v. 1,>77..6
li9.(iCl
1,»J,"00
25
American
American Bxch'e
Arctic
Atlantic
.3
1,
Jan.
7
I. A J. "s"
p. A A. 10
J. A J.
«
.I.A J.
10
li—J.
5I,10(
iiOO.001
'«
Orocera*
Import. A Tradeni'
Irving
fcl^ndCltJ•
lather .Manuf
soo.ott
•750.0«
1011
Oreenwich*
Grand Central*....
Hanover
Barlem*
5l',.0l
90i)OOl
X
Oer. American*..
Ser. hxctaaake*..
Be.-maala*
4.1,40,
'AlO,0O0
190,001
lOll.lOt
.10
eallatla
II90,00(
/Ktna
2. '77..
'an. 2, 78...
9
100
A
Q-F
i,v i.m •1.4 J.
II'O.IW
J. 4 J.
Oontlnetital
1,T7.. 2 :00
Jan.
Brewers'
Commerce
»Mm'
100
Nov
8
UTS
IS7I
i
Adriatic
July 2, •77...
Jan. 2, "IS.as
450.001'
t.
Par Amoant. Jaw.
187>.*
Ask
JaiV.-is.'.'s
Sept.l '75. .5
4k 8.
AJ
J. A J
I.
10
3,1 H.S'M Bl.m'ly 100
8
•ilOAM'
J.
1TS.20U J.
20
1,000.001' 1.5'il*il
Chemical
Bid.
2, -i8..l '82
Jan.
J.AJ.
'.lll,70U
rLD»,
COHTAHIM.
vm
A
»PWO
IUilsv. brnkar.M WallstrMt.)
DlVIUSNDa.
K. 8.
Pbiob.
I
nm^
IH'
...
.
gmi-i H«a<l>
Insaranee Stock List.
s,ooo.aor :.w5,<ao J.
J.
S.OOOJXKi t.r.«,'.av M.*N.
lOU
lUU
lUU
owerjr
SKOURrriES.
(QaoUtlons by
DlTIDBNDI.
Amonntl
Dot NRtlooal
261
fltoek List.
CaPiTAi,.
COHPAIIIIS.
45
58s556
1
1869-71
1866-49,
Sewerage bonds
Aaseatmest bonds... 1870-11,
Improvement bonds
**
Bcreen Imndt
St.. Jft»«;T Clty.l
January A July*
January A Juiy.
do
do
Jan..May, .In1v.% Nov.
J. A J. and J A D.
January and Jul*.
lass
I8»-I«H
I377-I*
Ml
in
K8H l«H
',10
Ml
«s
13*1
1909
117H
I
19l»
103
lOt
lit
U8
:
:
THE CHRONICLt
262
Settled by cieh, paid September 1. 18;7
Settled by cash, paid October 1, 1677
3\ivt5tmtnt3
The iNVESTOue' Supplement
is published on the last Saturday
to all regular subscribers ol the
CffBONlCLE. No single copies of the Supplemest are gold at the
office, as only a sufficient number is printed to supply regular
Bubscribers. One number of the Supplement, however, that for
and furnished
January, is bound up with Thb Financial
and can be purchased in that shape.
Keview
(Annual),
uary. 1877,
The
Reducing
this debt to the sura of
Providence pi r mortga-.'e assli^ntd
a4,li74
97,5J5
bonds, at 50 per cent
31, 1877
Leaving a balance due Central Railroad Campany of New Jersey
$3i8,9£6
A total amount of $005,440 in reduction of the advances made by
the Central Railroad Company for construction work, on which
we were paying interest at the rate of 7 per cent per annum.
The railroad company thus discharged all its obligations to
this company la lull, including ihe amnunt dne under the canal
contract up to April 1, 1877, and the coal company settled or
secured all of lis indebtedness to us up to February 13, 1877, so
that we received lull consideratioa for all of the advancs made
in 1870 and the accruing rents up to the dates uamed.
By anticipatiiig the payii.ent of part of our untnatured debt we were
saved from loss on assets of doubtful value.
From February 13 to April 1 the coal company paid rent in
cash at a redu ed rate. Since April 1 we have received the net
earnings of the canals and coal lands. That the income from
these S'lurces was so small is due principally 1o tlie extremely
low prices at which coal was sold, and to the heavy storm of
October 4, which carried away the aqueducts at Durham and
63,i06
$9£4,t65
,
DISBURSEMENTS.
Taxes chargeible to coal .... $38,671
Taxes on capital stock
21,140
Taxes on landed property and
General and legal expenses... f71.i85
Kent and taxes Nestiuehoning
Valley railroad
140,602
Rent and taxes Delaware Division Canal from April 1
Taxes cbargeabie to canals...
iiiil r.ivements
Interest accoiiLt
88,651
I,t05
Total
9.051
817,413
MS!*,)!!!
:
Balance charged dividend fund
Balance to ere lit of dividend fund, December
Balance to credit of div}dend fund, December
$194,655
65;.(i^8
31, \S7i
31, 1S77
46:j,0.34
coal tonnage on the Lehigh & SiLsquehinna Railroad
Lehigh canal, compared with that of 1870, was as follows:
The
Total
toiis3,C3',2i7
and
3,116,l'6D
Of the foregoing tonnage there were shipped by the Lehigh &
Wilkesbarre Coal Company 3,150,000 tons. The total production
of that
company was
:
18:7.
1S76.
Tola!
tuns
2,SO0,55^
S,1'J6.861
KAILROADS.
The
grofs receipts of the company's railroads during 1877, as
compared with 1870, were as follows:
Total
Lehigh
C'.^al
ar.d
Decrease.
$85.;97
1B76.
1877.
$1.W,J'2
$73,904
2S3,!i77
a.3J.8;8
t;l,ll«
2,31f,6;«
1,632,771
6t3,874
....$i,769,fS5
tl,P39,S34
$830,S91
Passengers and mails
Freight and express
Coal
Navigal'n Co.'s propibrt'u
$93;),4"5
$646,511
20 tOO
19J3,S73
$666,511
rromC.R,K
Total....
.
$i56,76t3
The
rent received from our railroads was §350,703 leFs than
last year, and lower than in aoy year since 1803, when the line
below Mauch Chunk was firet opened. The tonnage was larger
than in any previous year, but was transported at unusually low
built during the early part of the year a branch road
1 ates.
3 4 10 miles long, known as the Pond Creek Branch, connecting
the colliery of M. S. Kemmerer & Co. with our Nescopec branch.
The cost, $57,013, was paid by this company. The construction
work done by the Central Kailroad Company of New Jersey was
confined to a few sidings, for which we were charged ^9, .574.
The revenue from the canals, §97.535, includes the amount
settled by the Central Railroad Company of New Jersey, as per
agretraent, up to April 1, 1877.
The profit on coal after April 1
is the net result alter deducting |20,953 spent in improvements.
The year just closed has been one of the most eventful in the
history of the company. Previous to the last annual meeting
the properties ot the Central Railroad Company of New Jersey
and of the Lehigh & Wilkesbarre Coal Company had passed into
the hands of receivers, the two companies owing us for cash
advancts and postponed rents over §1,1CO,000, as then stated to
the stockholders. The receivers of the coal company found
themselves unable to pay the rent ot our coal land?, and, while
the receiver of the railroad companv was willing to pay promptly
the current rent of the railroads, he declined to pay either the
overdue rent or the stipulated amounts mattiring under the canal
contract, and he refused to continue to operate the canals, abandoning all control over them. Not willing to assent to this position, and failing in our eflorts to move the receiver from it, we
applied to the United States Circuit
ourt for leave to enforce
our rights under the railroad contract. After argument before
the court, and while waiting for a decision, a compromise agreement, under date of June 23, was made with the two coinpaTiiee,
under which settlement was etfected of all accounts and contests
I
We
ua.
We
agreed to defer taking possession until the end of the
year, and to permit both mines and canals to be operated for our
account after April 1. The hoped-for improvement in coal was
nol realized, and the receiver of the railroad company desiring to
be relieved of even nominal control over tl;e canals, we refumed
possession of both canals and mines early in January of this year.
The settlements were as follows
:
Dne by
On
rallro.id
company
for rent of railroads to February 14, 1877
"
account of canal conirjct, in full to April 1, 1877 .
.
For notes tecured by deposit
Total
Settled by cafh, paid June
of $i0O,01jO blanket mortgage bonds"..'!
lows:
Interest on funded debt
Interest on floaing debt and construction loaii account,
Rent of NeKinth .Hint; Valley Railroad
Rent of Delaware Division Canal
Taxes atd general ei;jen es
£0, 1877
,..
'...'.'..'..'.'.'.'.'.'
ttod.'oio"
100000
$742,000
100,000
136,000
1S8,7C0
160,000
tl.328,70O
reduction ot over ^j")3.000 from the amount disbursed for
the same items in 1873, the last year during which we operated
our canal aud mines. This reduction is due principally to the
sale of our Wyoming coal lands at tlie eud of that year, and to
the fundii.g iu 1874 of our large floating debt. The general
expenses aud taxes have aUo been largely reduced.
The revetnein 1873, .tfter deducting the net rcSeipts from our
$1,812,769
m!nes iu the Wyoming resion, was
Thereven,;efor ISil was
1,711,299
A
And
1
for 1872
!,394,'J39
In both cases after deducting the receipts from Wyoming coal
lands.
The average revenue for the last three yeais, during
which we managed our own mines and canal, was $1,039,000.
In the existing uncertainty in the general business prospects of
the country, it is impoi-sible to make any reliable estimate of
revenue lor the year, but no apprehension need be entertained as
to our ability to earn the amount of our fixed charges, as the
ruinous contest among producers of coal is ended, and the quantity hereafter to be sent to market is not likely to exceed the
demand
From
for consumption.
Consolidation Coal Company.
(For the year eniing Dec. 31, 1877.)
the annual report we have the following
receipts 'from mines, railroads, rents, &c. (including
value (if St- ck of coai OB hand) were
$1,475,558
Total expenses of every kind. excUtsive of interest and sinking
fund, liul including iron and ^teel rails and all extrinrdinary outlayp, and the amounts returned for excess of railroad freights
The gross
$2^8 470
20l'64')
25')!o.O
tTo no
Ssttledbycafh, paldJuya, 1877
Gallows Run, on tJie Delaware Division Canal, and closed
through navigation for the season.
Resuming nos.^efsion of our Lehigh coal lauds, we are again a
mining and transportation company.
On the 1st of October the first mortgage for $140,000, for part
of the purchase money of the Greenwood tract of coal lands,
matured, and was e tended for five years.
On the 10th of December the debenture loan of 1703,779, issued
in 1807, matured, and, after a conference with many of the large
holders, it was decided to offer to pay one-third of the amount
in consolidated 7 per cent bonds and to extend the remainder
for two, three, four and five years, payable in equal amounts,
mortgaging as security real and personal properly from which
the income derived exceeds tbe amount of interest payable on
the eitended loan. This proposition has been largely accepted,
only $168,370 remaining unadjusted.
The floating debt of the company, $1,003,480, is but little
changed from last year. An improved coal trade would enable
us to pay this amount out of surtdus earuiogs over fixed charges,
or would reftore our credit so that bonds could be sold to cover
the amount, and thus leave the earnincs over interest and other
charges for the stockholders.
We estimate the disbursements of the company for interest,
rentals, taxes and general expenses for the current year as fol-
(.
between
166,500-396,500
5i..Sf6
Miscellaneous receipts
Total
30S,940
$66J,48S
$130 COO
Three hundred and thirty-three thousand dollars coal company
8%SfiS1
to
was
$174,485
due by the railroad comoany, after credits, was by agree-
$6ti6,511
1
1
l>alance
ment, say
Revenue from railroads
Revenue from Nesquehoning tunnel tolls
Revenue from canal, including rent to April 1
Royalty on coal mined by Lehigh & Wilkesbarre Coal C'umpany, Jan-
Net
194,206
$236,977
This balance of $230,977 was secured on the personal property
and about the mines, which, it was agreed, should be bought
by this company in the event of the surrender of the mines, at a
valuation to be fixed by three disinterested parties.
The amount due to the Central Railroad Company for advances Jan-
& NaTigation Co.
year ending December 31, 1877.)
The annual report has the following
Dec;mber
on rent account
in
Lehigh Coal
from April
12, 1577,
Balance due Lehigh Coal and Navigation Co
(^o?" the
to April 1, 1877
profit on sales of coal
98,470
100,OuO
$43,770
Balance due Feb.
ANNUAI. REPORTS.
uary
XXVI.
Totfil cash
$,Si)8,470
Personal property on canal
42,709
Balance credited to our account on construction loan acc't. 408,940— $750,119
There wcredueby Lehii^h & Wilkesbarre Coal Company on loan acc't $415,070
Which was settled by credit of Providence Pier mor' gage.. $130,000
Coal company bonds. $.i33,000, at 50 per cent
166,500
Canal b^ats and equipment
75,800— 372,.3(»
STATE, CITY AND CORPORATI ON FINANCES.
of each month,
[Vol.
coUectediu ;67d
1,846,614
"
Ket
receipts
$228,914
—
:
March
THE (JHKONKJLK
10, 1678.J
Tb« IntcrvM on
Sinking fund
WH
Ihe funclci ilobt for tho year
IM.OOO of raori£a;ie bondO
$I76,0C3
Vi.S'Xt
(rrtlrliiK
Total Intcrot and sinking fond for yrar 1877
interest and sinUlnic fund
of iiitcrost and siukin); fund, aa
Earnings In excess of operating expense*
Deduct taxes for tbe year 1876
Add
$14S,014
credit
on
Intereat account
Net earnings,
Sl,2'<6.r.l4
above stated....
858
|l,475,Sfi8
.
2J),tHJa-l,483,fl(M
1S76-7
$14i,867.
DtUuct Jmprovemtntt, AddlUoiu, die—
Ncwcoalcars
New
Leavlcg a
$104,700
19,t8A
ta8S,860
SUXHART.
Total receipt* for year ISTT, as above stated
Total outlays and cxpondituros uf every kind, except
Amount
263
di-flclency of
$7,045
The compADy
also bolds, aa a cash asset, $100,000 of the firat
bonda of the Cumberland & PenoBylvania Railroad,
redeeiued in 1875. The total funded debt, Jan. 1, 1878, was
mort);a(;o
shop machinery
Difference between steel and Iron rails charged to Improvement Account
Surveys for Ohio Kiver Bridge
Right of way at East St. Louis and througli City of
EvansvUle, paid by order of (;ourt
—
Olfur
13,825,500.
MINIKG AND TRAS8P011TATI0N.
Mined and delivered from the Consolidation Company's mines
{6,900
430
6,!6t
u
9,?5.3— $31,463
Expemet.—
Overdue
taxes, 1874 and 1875
Special legal expenses, paid by order of Conrt.
Relay depot. East St. Louis
H.jnd
..
7.686
2,000— J3,87a—«8,835
Tons.
In the year 1816
In the year 1ST7
850,817
348,885
Decrease
8,4.3s
Total transportation of coal on all the sompany's railroads
Tons.
In the year 1876
1,718.858
Id the year 1677
J,D49,ti4«
Decrease
189,a07
The preceding
AvAllable net earnings
$97,531
As above
seen, the gross earnings show a decrease of $7,186, or
I'l per cent; the operating expenses, a decrease ot iS15,430, or 8'3
per cent; while the earnings, in excess of operating expenses,,
show an increase of $8,243, or 5-37 per cent. The decrease of
gross earnings was entirely due to the decreased compensation
for carrying the mails and to a falling off in tbe passenger business during the months of December and January, due to the
freezing of the Ohio river between Evansville and Henderson;
and in the month of July due to the suspension of travel during
exhibit shows a considerable decrease in the
business operations of the company, and also of the entire region,
the strike.
occasioned by the great stagnation of business throughout tbe
The trafBc returns for the fiscal year show 13,869,548 tona of
country, the unusually active competition of lower- priced soft
freight hauled one mile, at an average rate of 2-79 cents per ton,
steam coals, foreign as well as domestic, and tbe increased comas against 13,108,713 tons apd an average rate of 317 cents per
petition resulting from ruinously low prices of Anthracite coal.
ton prr mile for the previous fiscal year. This decrease of -38 of
The suits of tbe State of Maryland and the American Coal a
cent in the rate per ton per mile was due largely to the active
Company against this company, referred to in tbe annual report competition
of rival lines, to which further reference will be
of last year as having been carried to the Court of Appeals of the
made hereafter.
State ot .Maryland, were decided by that Court apainst this comThe amount of coal transported from the mines on this Divipany, by decision announced March 4, 1877. A decision was also
sion during the fiscal year was 211,075 tons, with a revenue of
rendered by the same court, annulling the sale of the (Jumberland
as againat 181,833 tons, with a revenue of $113,980 for
& Pennsylvania Kailroad Company to the Consolidation Coal $129,449,
the year previous an increase of §16.403.
Compaijy, on the t^roand that the railroad company possessed no
THE KENTUCKY DIVISION.
power to Pell. The differences between the tolls collected lor
The earnings and expenses of that part of the road included in
transportation of coal in 1876, under tbe law of 1868, and those
Kentucky, formerly known as the Evansville Henderson & Nashchargeable under the act of 1876, amounting to a very large sum,
have beru relHnded to all the companies in the region liuri g ville Railroad, 98 miles long, were as follows:
Earnings.—
la76-7.
1875-6.
1877, and are included in tbe item of expenses.
This has proven Passenger
$ S4 st4
$ 86.39S
a heavy burthen upon the company in the past year.
Freight
a.M,118
—
(For
Exp^ss
year ending Dec. 31, 1877.)
The following statements show the operations of the West
Jersey Railroad and leased lines, for the year 1877
the
EanNiNes.
FromfielKht
EXPENSE8.
Condncting transportation
Motive uower
$176,159
358,010
Passengers
Bxpress
Hails
H'scellanean)
45,7"3
Malnten'anci of
I
8,MJ
I
6,099
I
333,575
Mai!-
West Jersey Railroad.
$135,711
.
84,703
S7,7«7
138,760
cars..-
Maintenance of way
General expenses
4,4:^7
.Miscellaneous
6,'iS3
4,5-25
9,8C68,937
(,93
S,92$
Gross earnings
$339,34:1
$3:M.54-J
Total operating expenses
273'l00
387,751
Earnings in excess of operating expanses
55,919
48,790Net earnings in excess of operating expenses
55,94*
Deduct Improvements, Additions, die—
four-wheel coal cars
$11,044
Difference between value of steel and iron rails—charged to
Improvcneut Account
1279
Surveys for Bridge across Ohio River
6
Special legal expenses
28
12 ?5>
M
,
'.
$195,0.5
$.391,4«0
I
Net earnings for 1377
$303 5i4
The following statement shows a comparison
the gross
earnings, expenses and net earnings with those of 1876
coarAMsos of £ar.mkgs and expenses.
of
:
1876.
Grose earnings
Expenses
Netearnings
Decrease.
18-.7.
$5».0i5
$731,011
463.i74
567,636
$1.35,986
391.480
71,941
SO.3,594
64,1)41
The falling off in gross earnings was almost entirely in the
passenger business, which was caused by the comparatively short
season at the seashore in 1877, on account of the weather continuing unusually cool until very late in the summer, and by the
active contest between the two line.'t leading from Philadelphia to
Atlantic City, resulting in the transportatioa of excursions at
such unremuneratlve rates that this company did not deem it
prudent to meet the competition. There was also a decreased
movement ot marl, coal, building material, and other freights.
OENERAL ISCOXE ACCOUNr.
$30i,959
Net earnlncs West Jersey and Cape May and MilM le railroads
Bwedesborn RR nt-t eiriiings
Salem RR. net earnings
Loss 794
Total...
Interest received
$308,594
35,118
_
2,(i9
Total
From which deduct
$238,713
all interest,
renuls of leased roads and other
proper charges against income account
358,354
Balance carried into proit and Lss account
St.
Louis
&
$
Q,358
Sontlieasfterii Rallvray.
(For the year ending Oct 31, 1877).
we have the following Information:
ST. LOUIS DIVISION.
The earnings and operatinit expenses of that part of the rail-
From
the Receivers' report
.
way in Illinois and Iiidiaua, including the Shawneetown and
O'Fallon branches, in all 20-8'2 miles of road, known aa the St.
Louis Division, for the fiscal year ending Oct. 31, wete as follows
EARNlNeS.
EXPENSES.
1876-7. 18"5-6.
Passenger
J/e'Kht
Mall
Express
Hiccell ineous
Grosa Earnings.
Eaminga In excess
$
I
1676
$
193 t80 IfS.iO!
Cond. Tr^ns., Fas'
-'66.711 8S),i:il
Coi.d. Trans., Freitht.
13.P41
10,973
4,607
Maintenance of Way..
Motive Power
ussj Maintenance of Cars...
General Expenses
i5.b;3
9.919
6i;,314 GJ8,5(Jl
7.
$
Total Operating Exp.
of operating expenses
.
.
187V6.
Available net earnings
$43,589
As above seen, the gross earnings show a decrease of $7,292, or
2'3 per cent; the gross operating exptnses show a decrease of
$14,451, or 5 per cent; while the earnings in excess of operating^
expenses show an increase of $7,139, or 14-7 per cent.
The indebtedness of this Division on account of engines was
adjudged by the U.S. Circuit Court at Louisville to be, with interest, $17,758, and this has been paid.
There were also paid on coupons due January I, 1876, $2. .'JOG.
The Receiver placed in New York sufficient funds to pay a dividend of 50 per cent upon the entire amount of coupons of that
date upou tbe first mortgage bonds of the Evansville Henderson
& Nasbville Kailroad Company. Formal notice was given, but
only 146 were presented. After the money had remained in New
York without interest six months, it was withdrawn by authority
of the Court for the purpose of sitislying the judgment abjve referred to, which by its terms bore interest at 6 per cent.
There remained in the hands of the R^-ceiver a^ tlie close of tbe
liscal year a surplus ot $8,434.
It has been a matter of much
solicitude whether this surplus thould be used in payment of
first mortcage coupons or in further Improvnurnt of the property.
When it is considered that, owing to faults of original construe-tion, many of tbe cuts and embankments are much too narrow,
that the drainage is in places defective, that there are only 2,355
ties per mile, and tbat miny of the rails are oulj 18 feet long, it
seems to tbe Receiver to be wiser to apply a portion of this money
to the betterment of tbe track by the purchase of steel rails and
additional cross-ties, and by doing such other work as the worst
parts of the road require.
TENNESSEE DIVISION.
The earning and expenses of tbat oart of the railway lyinsr in
Tennessee, formerly known as the Edgefield & Kentucky Railroad, 48 miles long, were as follows:
'
Earnings.—
Passenger
'''clhi
Mail
Express
Mi^cellaceoas
1876-:
187S-6.
$I7«>9
$51,944
91,564
4.483
lOS.SiH
3,*>j
j»;,o
,S33
1,704
1,463
J15\'>7»
$'.'3,380
$
58,838
87,765
46,073
91.84S
4.% 18.3 1«,65S
10i,9('5 111,440
1
43.61!
'.3,3
'
6
41,017
46,969
420,613 4«6,'M3
1876-7.
1S75-6.
Inc.
$16l,7C0
$106,J57
$8,343
Gross earnings
Total operating expenses
Earnings In excess cf operating expenses.
Net earnings in excess of operating expense*
Deduct Improvsment. Aaditioiu, dtc—
Payment* npon 35 new coal cars
Suiveys for bridge over the Ohio River
Olhtr Ejrpinses.Special lojal expense' paid by onler of Conrt
Dljcounl and Interest
133813
•IS.Ml
133,*'tt
i8,75&
$33 031
$3,108
S—
$',"'*''
54
3,11,1
—
THE 0HR0N1CT.R
264
Coup, upon receirer's cert of indebtedness (oyerdue).
13,402— 13,456— 16,568
$16,463
Available net earnings
It will be observed that tbe above statement shows a decrease
of $4,254, or 8-2 per cent, in the passenger earnings, which was
due to the interruptions of travel in December and January, whilst
the Ohio River was closed by ice, and also in July, during the
strike.
The increase in freight earnings, amounting to $10,635 or 11 -6
per cent, was due to increased coal tonnage hauled to the Nashville market.
During the year, one-half of the net revenue has been applif d
to the repayment of the advances made by the late Receiver of the
St. Louis Division, and the other half to the payment of coupons
upon the Receiver's certiHcates. At the close of tbe year thero
were $9,406 due upon tbe former indebtedcess, and the Receiver
had $4,920 in bank, which, with the amounts in the hinds of
agents and due from other roads, will pay the balance of that
debt by the Ist of February. Thereafter the whole net revenue
will be applicable to the payment of overdue and maturing
coupons upon the $250,000 of Receiver's certificates used in paying off the vendor's lien held by tbe State of Tennessee. By their
terms the principal of these certiflcites becomes due December t,
1878.
The Receivers have been asked by parties in interest to give a
amount of every kind of indebtedness of
the Consolidated Company, and they fuTnish a table, which may
be sammaiized briefly as lollows, to show the amounts at present
clear statement of the
due.
St.
1.
2.
3.
4.
5.
6.
Louis Kentucky Ten'see
'
Divis'n.
CertiHcates of indebtedn"89 issued by the Co. ..$57,4*3
21,534
On accoun- of payrolls of October, 1814
64,533
On account of the tixes of 1873 and 1871
19,981
On account of general bills for supplies
59,823
On account of real estate in Kist St. Louie
On account of overdraft on National Bank of the
18,000
State of Missouri
Total
$-340,716
With regard
scrip that
was
Divia'n. Divis'n.
$17,960
$37.2<1
18,616
6,630
27,169
3,860
12,4"6
$81,417
$.37,065
to the certificates of indebtedness, these represent
isaued by the Company in payment of wages at the
time it began to be financially involved
Most of this scrip hax
passed from the hands of the original takers to third parties, and
the trustees of the first and consolidated mortgages are contesting
in court the claim of the holders of these certificates of indebtedness to be paid out of the revenue of the road. No decision hag
yet been given upon the matter, and the Receivers are consequently unable to predict the result.
Fort Wayne Jackson
:
1876.
1876.
Tons
carried.
142,030
1377.
Tons carried
one mile.
8,6:6,409
carried.
176 536
1877.
Tons carried
one mile
11,126,796
BALANCE SHEET. DECEMBEB 31, 1877.
$ 30,878 Capital stock
Bills receivable
Boiling stock
24 1, 103
9?,78l
Construction acct
3,702,147
Locomoiive acct
121,066
Farmers' Loan
Trust Co..
341
Income acct
&
Jackson Right of
Depot Grounds
S.
Tons
Way
Chapln, Tjeisurer
$i H9,950
,
Corporation subscripiions..
First mortgage bonda .
Second mortgage bonds
48,500
',500 003
6LO.O00
and
XXVI
in the decree of confirmation the court retained its control over
the road, and reserved the power to make, at any future time, any
order which it could then have made to protect the purchaser and
perfect his title.
" The attention of the United States Circuit Court at Mobile was
called to these new suits, at its recent term, by Swann, and on his
application, and for his protection, that court, within the last fifty
day."*, has made several orders and decrees, for which that caurt is
entitled to great credit. These orders and decrees will soon enable
the present owners of the road to end the pestilential litigation
concerning it, and to put it in condition to promote efl"ectively the
great pu'olic purposes for which it was designed." Two suits have
since been commenced assailing Swann's title, and the U. S. Circuit Court at Mobile has made several orders and decrees to protect Mr. Swacn, which are briefly stated as follows
" 1. A decree postponing until the 4th Monday in June any further payment
by Swann, awarding a special injunction and rule for contempt at;:ainst the
complainant and his solicitor and agents in the bills Hied at HuntsvlUe and
:
Atlanta.
" 1. A decree which divested all title out of Wells. Smith & Dunn, as trustees
and purchasers for the bondholders for whom in 1876 they purchased, but who
never complied with the terms of the purchase, and inrctted SwaLn with the
title.
" 3. An order grantinc leave to Swann to file a bill to review, reverse and
annul the decree of June term, 1877, allowing the claim of .John S. Wright and
his executors for one hundred and eleven receiver's certificates and interest
thereon as a lien on ihe road.
" 4. Aa order coniinuiog until next term apetition of Swann for leave to flU
a bid to review, and reverse decree of June term 1877, confirming report of
Master Gibbons in favor of various persons, whose namus were put iu as
laborers. jnechanica, Ac, &c.
"5. AI^crfler Fetting aside fa;p«rf« orders obtained by John Demerit and by
Demerit and others, without any notice to Swann. in relation to various receivers' certificates, explicit provisions as to whli h had been made by decrees
rendered before Swann's purchase, and never complied with by Demerit or
Demerit and others.
"6. A decree that all claims heretofore or hereafter paid by Swann which
have bee» established by this coirrt as liens upon the road in the hands of the
purchaser thai], notwithstanding such payment, coutinue to be eflfectual liens
upon the road, in his favor and for his protection, against all persons who
assail or draw in question the title deiived from and under his purchase under
the decrees of this court."
&
Western.— This road was sold at sheriff's
Chicago Clinton
Petei A. Day, trustee for the guaransale at Iowa City March 6.
tors of the receiver's certificate, bought it for $141,500.
—
Chicago Danrille & Vincennes. The bondholders who
bought this road at foreclosure sale and re-organized as the
Chicago & Eastern Illinois Company have filed a bill to review
and set aside so much of the decree of foreclosure as orders the
payment of intervening claims for labor and supplies to about
The bill cha/ges that it is error to order the payment
$150,000.
of these claims in prefer, nee to those of the bondholders.
& Iowa. — A
motion was made at Chicago, March
8,
before Judge Blodgett, to set aside the decree of foreclosure in
the ease of Dennison and others against the Chicago & lawa Railroad Company, in which the sale had been set tor the 9th inst.
The petitioners (stockholders) alleged that the Cliicago & Iowa
Company is wholly solvent and able to pay its indebtedness;
that the Chicago Burlington & Quincy Railroad owes the Chicago
& Iowa road about $200,000. The matter was a'gued at great
length by counsel, and after due consideration Judge Blodgett
delivered an oral decision, and directed the sale to proceed forthwith. The first bid was made by J. M.Walker, for $500,000.
This was run up to $800,000 by Mr. J. D. Harvey, when Walker
bid $900,000, and the sale was made to William U. Weld, George
B. Chandler and J. M. Walker, who have bought the toad in
trust for the bondholders.
Chicago Miln'anl(ee & St. Paul.— It is reported that this
company has now definitely decided to extend its line in Iowa
from Algona to Yankton, or a distance of 180 miles. Surveyors
now on the ground and bids for constructing the first fifty
miles will be received in a few weeks. During the present session of the Iowa Legitlature a land grant of 300,000 acres lying
arijacent to the proposed route has been made to the company and
the corporation given two years to build the road. The ofiScerB
say that the whole line will be in operation inside of eighteen
are
months.
Dnbnqne & Southwestern.—The Dubuque & Southwestern
makes the following report as to the condition of that road at the
close of the year 1877
Common stockAuthorized
Amou
i
sue
$1,000,000
t issued aud outstanding
$r,90,253
Preferred stock
Authorized issue
1,000,OOD
Amount issued and outstanding
590,54-2
First mortgage bonds
450,000
Preferred flr=t mortgage bonds
78,500
Secured liy mortgage on the railroad and on the eanlngs, rents and franchises of the company.
II
GROSS KSCSIPTS.
Passenger earnings
Freight earnings
Express
|38,7.-5-.;
Mail service
Hent of Mouticello bridge and track
Bent of ground for warenouees
1,070
6,058
59.784
1,500
2,674
2,841
82
$105,31
DISBUBSEHINTS,
$3,19'!.4S0
$3,198,450
GENERAI. INVESTMENT NEW^S.
Alabama & Chattanooga.— The Mo
tgomery, Ala., Advertiser
gave a review of the litigation about this company's affairs, of which the following is a summary
" About a
year ago John Swann became the purchaser of the road, under
<fc
[VOL.
and
Chicago
& Saginaw.
(For the year ending December 31, 1877.)
The report of the President and General Manager says
" It will be observed that there has been a falling oiF in gross
earnings of $13,706. To this must be added the amount paid
this year for car mileage, $775, against a credit last year to that
account of $5,961, showing a total shrinkage of $14,482, $6,737
of which is accounted for in the single item of difference in mile
age earnings between the two years, while our rolling stock has
continued the same. This lack of demand for our lumber flat
cars marks the almost uniform sluggiahness of the trafBc in
which they have in previous years been employed, and, in order
to hold the trade, we have been obliged to purchase fifty long
box-cars, built in December, and which are essential to carry the
lumber, now dressed principally, before being shipped from the
mills.
On these we have paid twenty per cent, cash, and given
eighteen notes of about $1,000 each for the balance, falling due
in monthly payments as mileage balances are paid.
"The Treasurer has paid coupon interest, $65,000, and has in
bis hands cash over $6,000 as against an over-draft of $11,767 at
the time of the last report. He has also paid $4,590 on the new
box cm-8 above referred to, $1,100 on rights of way and new depot
grounfls, in all $88,605. The report of expenditures in the second
class of items from this office exhibits payments of rails, ties,
windmills and warehouse of $26,138, making a total of $114,733
of the $354,334 that has been paid to bondholders, or substantially invested or paid for other than current operating expenses.
If to this is added the sum reported due from another
company
we have saved over 46-8 per cent, of earnings out of this cheaply
carried Ireight and diminished passenger business."
•
COMPARATITK TONNASB BEPOKT FOB 1876-7.
B.
:
Operating expenses, taxes and salaries
Interest on bonds (preferri d bOLds)
Interest on first mortgage bonds
Interest paid on due coupons
Paid for one mail and Iniggage car
Paid legal expenses for land account
Other expenses
i/at< recently
:
decrees of the United States Circuit Court at Mobile.
"In June last, Swann's purchase was confirmed by the court,
Excess of receipts over disbursements
Cash balance, Dec. 31, 1876
i, $97,215
5. 495
6,495
1*22
1,057
1,0C0
1
$104,692
4i3
3,283
Cash balance, Dec. 31, 1877
$.3,707
Erie. Mr. T. W. Powell, one of the raorganizatiou trustees at
—
:
March
THE CHRONlCLk
16, 1878.J
London, In his rec«nt circular gave the following in regard to the
•agents received to the reorgaalzation plan
ToUl uniount <.f
(Iret
con»olid»tcd bonds
'It'lSJ-^SS
I5.76sa00
Toial »»«eD!«
•••••
OatUindini;
$W,WO
....^<18,0O\O0O
Total imount of necoiid consolldalcd bonds
•.. $600,030
Vet» In hand of comuany
set
off
In
claimed
as
a
Lf«» bonds held by defendants and
^'•'''''"
one of the nulls
hkoio
tU.085,000
18,831,0J0
Total assents
$16<,O0O
OutKWndlng
ToUl
sinoiint of gold convertible
bonds
$10,1X10,000
—
Mr. John Klnjr, Jr., receiver, hai Blsd bis report of receipt*
and disbarsementB during February in the United Slates Circuit
Its showing is as follows:
Court.
BCCIIPTl.
Ca'tli
Cavh
Cash
Cash
Cash
on hand February 1
from station agents
$1Cl.*(6
t48,<iS8
from conductors
from individuals, railroad companies, Ae
from exprefB companiea
4.186
19,IM
751
Total
$474,608
DISBCnsKXENTI.
Vouchers prior to November IB, 1870
VouMieisfUbscquent to N >vember 17, 1878
Payrolls subsequent to November 17, 1876
Interest on consolidated mo.tgago, due July 1, 1S17
Cash on hand March 1
9.»i<i.00O
Tolsl assents
265
$187
117,1;J0
1111,503
2il,12'i
;
J0,6M
Total
$47J,6 8
Pennsylvania Railroad.— The annual meeting of the stockholders of the Pennsylvania Railroad Company was held in
337,676
Assessmeiils patd on
Philadelphia, March 12. Mayor Stokely, representing the city,
which is the largest stockholder, was called to the chair. A
$45i.3i!4
Outstanding
Col.
$8J,369 stockholder inquired what the salaries of the officers were.
Prtferred shares, total
Scott replied "My own salary is now f34,00C.
It was $30,000,
46,626
Asaessments paid on
and was twice reduced 10 per cent, leaving it at the figure stated.
$38,^44
Outslaisding
.
There ire two vice-preoidents who receive $12,000 each, and one
'a meetinfr of the bond and shareholdere in the Erie Railway, now gets $10,000. There are two or three assistants to the
they receive about $4,800 or 4,900 per annum. They
•t London, Feb. 21, unanimously adopted resolutions in support president
of the present plan of reoreanizition, indorsing Receiver Jewett, did get 16,000 each, but were reduced by the reductions I have
denouncing parties inciting litigation against Mr. Je.wett, and referred to." In answer to numerous inquiries, the following
The expenses of maintenance of way on
stating tha'. the name of Mr. Potter, used as plaintiff in the pro- statements were made
the New Jersey Division (Ji, 240,000) were so great because trains
ceedings in New York, is used without his authority.
Urand Trunk (Can ad a).- -The accounts for the half-year were run at a high rate of speed, and, to keep the track in firstended Djcembor 31, 1877, show the net revenue to amount to class condition, large renewals and substitution of steel for iron
rails had been necessary.
The ten millions of securities charged
£3.50,000, and after piymml of all pre-preference charges, there
off during the year had been so charged off because their value
will remain a balance 'sufficient to pay a half-year's dividend of
had been thus depreciated by financial distrust and d^-pression.
three per cent per annum on the first preference stock, ani the
At last the trust scheme for funding the debt was taken up.
Directors propose to issue dividend warrants at that rate on
Colonel Scott explained that the object was to unload the fixed
March 1.
" In
liabilities of this company, which to day are $183,000,000.
Great Western of Canada.— A cible dispatch from London order to be relieved of this deb'," he said, " we have presented a
says: "The Great Western Railway accounts show a balance,
plan which will enable you by and by to hive your stock plsced
after providing a credit for the various reserve funds for the
in a stronger posiiion than it can be while your fix'd liabilities
half-year, sufficient to write off the revenue overdraft and arrears
remain at the figure where they now stand. I believe it is the
of dividend on preference stock for the previous half year, to pay
time now to take these liabilities out of the way. We don't ask
a dividend on preference stock, to pay a dividend on ordinary
you to abate one jit of interest, or to scale the stock, but for
shares of OJ per cent, and to carry forward $10,000."
every dollar appropriated we give you the scrip of the trust,
Indianapolis Cincinnati & Lafayette.— Notice is given to making the safest and best possible security that could be made
holders of bonds ijsued in 1876, of the Cincinnati & Indiana 1{. R. in thie country. If we take the 2 per cent off your dividend and
Co., by Daniel A. Dwight, the trustee, that he will, on the 3d
pay you on that 4 per cent, it don't come off the company's workday of April, 1878, resign said trust, and will apply to the Court ing department. It has been referred to as a responsibility of
at Cincinnati to be discharged from further responsibility in con- of $180,000,000.
The entire amount in the hands of the
nection therewith, unless before said date he is supplied with trustees at any one time will not be over $100,0C0 a month, or
money sufficient to cover all expenses involved in the prosecution $1,200,000 per annum. The securities when purchased are to be
i
of the suit for a foreclosure.
pu; into a" deposit company, retained there, and not sold, ex
Learenwortll Lawrence & Galveston. la the case of the changed, or anything done to them. There is no liability beyond
State of Kansas against this railroad to require the road to main- $1,200,000 per annum."
The resolution was read by the clerk as follows:
tain and operate its line from Leavenworth to Lawrence as proTided under its charter and grants of land made by the State and _ Resolved, That the creation of a trnst, having for Its object the purchase
national (governments to aid in its construction, the company from time to time of the bonds and shares of other companies which are
guaranteed by the Pennsylvania Railroad Company, and also of the bonded
having demurred. Judge Foster, of the United States District debt of the Pennsylvania Company, be and It is hereby approved, and that
Court in Kansas, overruledjthe demurrer, the court holding that the tlxe Incoming Board of Diri.ct(;r8 l^e and they are hereby iu-tructed and
State had a right, under the charter and land grants, to require authorized to take such a<:tion, undei the advice of counsel, as may In their
judgment be lawful, necessary and best adapted to create such trnst and to
the company to maintain and operate this portion of its line.
accomplish the objects for which it is designed.
Loai!-iana & Missouri River.— At a meeting held in St.
William M. Smith then offered an amendment as follows:
liOuis, March 6, the stockholders voted to authorize an issue of
"Provided that no portion of the net Income of the Pennsylvania Kallroad
$300,000 of bonds ia fulfillment of an agreement made in settle- Company s.'.all be fct apart and used by the Board of Directors for the purment of a number of claims against the company by contractors poses of the said trust until there shall have been declared and paid to the
of the company dividends amounting to at least six per cent of
who built the road. The new bonds are to be secured by mort- stockholders
tlie share capital
and provided, further, that after pajmcn: of the six per
gage, with interest guaranteed by the Chicajfo & Alton Company, cent, in annual dividends aforesaid, there shall be set apart and pa'd over to
the trustees for the purposes of the said trust such sum or tums as the Board
wljich leases the road.
of Directors in their judgment shall deem hest for the interert of the comMacoupin Cuunty.— The Chicago IVibune says that on the pany, for which payment there shall not be substituted or Issued by the
11th inet. there were registered in the Auditor's office at Spring- Pennsylvania Railroad Company any bonds or stock or scrip or any other evl
deuce of debt or interest-bearing obligation in any form whatever.
field, III., the first $8,475 of the refunding bonds of Macoupin
Mr. Daniel Steinmetz offered the following:
county issued to take up the Court-hoase debt. The bonds are
ix per cents, running twenty years, the county reserving the
Itisolved, That the annual report be referred to a committee of seven stockright to call them in and pay them sooner.
They will be issued, holders to be appointed with Instructions to make inquiry In regard to the
more especially touching the propoaccording to the popular vote, in exchange for the old Court- several Itims in said annual report, and of
ceryiln securities, and report the
sition to create a trust for the purchase
house bonds, to the extent of 75 cents on the dollar of the old results of eaid inquiries to an adjourned meeting of stockhold.rs to be held
In this hall on Tue.-day, the 'Seth, at 10 o'clock A. M.
issue.
$r4.fl00
Ouutiindlng
Ordinary shares, total
-
$780,000
;
:
:
:
—
(
;
'
—
OIlio & Mississippi. The application of Allen Cainpben,trustee
of the bondholders of the first and second mort. bonds of the Ohio
& Miesisfippi Railway, for possession of that road under tlie terms
of the deed of trust, was heard by Judge Drummond at Indianapolis, March 8.
He decided that it was in the power of the court
to make its own selection of a person to take charge of the property
that John King, Jr., was appointed, with the consent of a
large majority of the bondholdiug interest, and had given satisfaction.
No claim was set forth in the petition that he was not
capable and his policy not for the best interest of the property
therefore the peiitou was denied and Mr. King continued as re;
;
ceiver.
—
A compromise has been effected between the two parties of
directors claiming to control this road by the election of two of
the Wall street party Horace M. Day and O. D. Ashley as
directors, and the appointment of two more, W. D. F. Manice
and R. L. Cutting, as members of a committee on reconstruction.
—
—
After some further debate this resolution, amended on motion
of Colonel Scott that the report be made on Monday, the 25th,
was adopted, and after the appointment of a committee to prepare a ticket for directors the meeting adjourned.
In pursuance of the resolution adopted Mayor Stokely. the
next duy, announced the committee of seven as follows Daniel
Steinmetz; Thomas Potter; Oustavus Remak; D. B. Cummins,
President of the Girard Bank George S. Fox, broker John A.
Wright; Louis Wagner, Chaii-man of the Finance Committee of
the City Councils. From the constitution of the above coiiimittee,
it is believed a majority will be in favor of recommending that
the cash demanded be paid the stockholders before any money is
There is a probability of a
appropriated to the sinking fund.
compromise recommending 4 per cent dividencs and what
amount of earnings there will be above that being devoted to the
sinking fund.
In the annual report published in the CHRONICLE last week
the general balance sheet was crowded out, and is given in a
condensed form as lo!}owa
OENEBIL ICCOUMT.
:
This Committee on Reconstruction consists of the two parties
the New York side, John W. Garrett and W. T.
McClintock.from the Baltimore party, and Sir Alexander T. Gait,
of Montreal.
The committee is ordered to prepare a plan for
reconstruction and for taking t'je road from the bands of the
To
To
leceiver, if possible.
To
named from
;
;
:
Dr.
capital Bl«ck
mort^zage bonds, due 1880
general mortgage bonds, dne 1910
first
.•.••.i„A-,.
$4.»:O.O0O
19,931>760
»<«.8W,100
— —
:
THE CHRONICLE.
266
r«
:
To consolidated mortgase bonds, due 1905
To Navy-yard mortgage "registered bonds, ilvie 1831
To lien of the State upon the public works between
89,250,000
1,000,000
Philadelphia and Pittsburg
4,572,110
To
To
mortgages and ground rents payable
1,311,576— 61,103,447
accounts payable, viz.:
267,540
Passenjiier balances due other roads
9,f.0C,133
Pay-rolls and vouchers for December, 1877
l,50l>,000
Bills payable
14,501
Ca>h, dividend due to stockholders unpaid
8,241
Dividend scrip of December, 1873, outstanding
2,111,!75— 6,397,591
Sundry accounts due other reads
To appraised value of securities owned by the United New Jersey
Eailroad & Canal Co. and transferred with the lease
3,695,68!
To equij meni of road and canal owned by the United New Jersey
Bailroad & Canal Co. and transferrei with the lease
3,917,479
To balance to credit of profit and loss
2,347,382
fVoL, XXVI.
*
shares were purchased in the year 1872 at ^50 per share. The
company has already received in cash dividends on this investment $330,500. The relations established by the investment are
considered of even more value than the immediate return.
The Union Pacific Compauy's interest in the Utah Southern
Railroad is as follows
First mortgage bonds
$121,090
:
6,003 shares of stock at $100 each, fully paid
2,t53 shares of stock at $100 each, at Ss70
600,009
199,500
Total
$1,020,500
The Union
Pacific holds the
Northern Railroad
following securities of the Utah
:
First mortgage bonds
37S shares of stock at $1C0 each
$93,i"00
37,801
$1)6,551,081
Total
Cfr.
Byconstrnclion of the rai road between Harrisburg and Pittsburg,
and branches, in all 325 miles, and cost of stations, &c., from
Philadelphia to Pittsburg
$84,365,593
By purchase of the Philadelphia & Columbia Railroad
5,375,733
By balance to debit of equipment of road, consisting of 938 locomotives, 595 passenger car.-*. 183 baggage, mail and express cars,
17,378 freight cars, and 1,337 road cars, including shop machinery, and also including equipment of canal, consisting of
schooners, barges and tugs
17,470,569
By cost of real estate of the company and tuleg-aph line
^,185,&8S
exteusiun
of
the
Pennsylvania
R-ilroad
Delaware
to
the
Kiver,
By
including wharves and grain elevator
2,065,827
Total amount charged to construction, equipment and real estate
accouQls for the railroaas between Philadelphia and Pittsburg,
comprising 1, 067*76 miles of single track (exclusive rf Harrisbur^ & Lancaster Railroad, 100"1S miles), including sidings,
Blaiion?, warehouses, shops and shop machinery, telegraph lines,
canal equipments, &c., &c ...
'.
$58,4i).3,715
Total cost of bonds and stocks belonging to the company.
..
By Insurance Fund
By mortgages and ground rents, receivable
By amount expendeu for the purchase of
$6J,32B,14J
10.000
190,988
anthracite coal lands,
Hazelton, Hamilton, Eastwick and olher tracts
appraised value of securities owned by the United New Jersey
Railroad & i.anal Co. ana transferred with the lease of the
803,178
By
of ihat company
of road and canal
Railroad
&
works of
that
By amount of
3.695,681
owned by the United New Jersey
Canal Co. and transferied with the lease of the
company
3,947,479
and materials on hand for repairs to
locomotives, cars and maintenance of way, viz.:
For the Pennsylvania Railroad ..
$1,626,285
For the United New Jer.-ey Railroad & Canal
61.3,019
For the PhiKidelphia & Erie Railroad
862,307—
By amount of bills and accounts receivable, and
amounts due from other roads, including advances
made to railroad coiporations for coni^truction and
purchase of equipment used on their lines, viz.:
Philadelphia & Erie RR. Co.
$317,451
United N. J. RR. & Canal Co., construclion
2.51,105
United N. J. RR. sink'g fund & redemption acc't..
S66,970
United N. J. RK. real estate
330.237
Olher cinipauies
5,271,4-24By cash balance in bauds of the Joint-Stock Bank, London, and
other parties, to pay coupons due in J.-inuary, 1878
By cash balr.nce in hsndsof freight & passenger agents $1,787,624
By cash balance in hands of Treasurer
1,451,860—
fuel
2,501,612
7,010,692
1,196,E03
3,179,484
$146,561,f84
Beading & Lehigh.— Mr. L, W. Smitli, repreBeutin^ the
tolders of the majority of the $1,300,000 bonds issued in 1873 by
the Berks County Kailrflad Company, has begun suit in the
United States Circuit Court to foreclose the mortgage. The road
was sold at sheriffs nale in December, 1874, to parties represent
ing the floating debt creditors, who organized the present company and afterward leased the road to the Philadelphia & Reading Company. No interest has been paid on the bonds since
1,
$817,600
Pacific in other roads to be over .$3,000,000. Attention is called
to the fact that the Union Pacific intends immediately to aid In
the construction of a road from a suitable point on its line to the
Black Hill
While the object of the above investments was and
is to bring business to the line of the Union Pacific, the Government directors invite attention to a previous report, in which they
say: " The ability of the company to make the advances referred
to shows that it could have returned more to the Government
than it has, and raises the question of the power of the company
to divert its means into channels not authorized by law."
Virginia State Bonds.— A press dispatch from Richmond,
March 14, has the following The new funding bill pissed
in the State Senate this morning
ayes, 39
nays, 5.
The preamble opposes increase of taxation, recognizes the necessity of
preserving and insuring the continued existence of the institutions of the State, including the public school system
expresses
willingness and anxiety to restore the former equality of the
public creditors by distributing ratably among them the entire
excess of public revenues derived from the present rate of taxation, after a most economical administration of the State govern
ment. The bill provides that the bonds issued under the funding act of March 30, 1871, and the set of March 7, 1873, shall be
exchanged for Registered bonds bearing interest at the rate
of 3 per cent for eighteen years, and 4 per cent for thirtytwo years, principal and interest to be exempt from taxation
no exchange to be made until
by State, county and city
holders of not less than $15,000,000 of tar-receivable bonds
of the State shall have expressed their readiness to make said
exchange. The bill also provides that owners of the other
interest-bearing bonds, which were not funded under the acta
Va.,
:
—
;
;
.
May
212,600
Total
.
9,241,770
.
works
:
2,185 shares of stock at JltO each
These securities are held against the balance due the Union
for aid extended in the construction of the Omaha &
Republican Valley Road, amounting to about $340,000.
This statement shows the total present investment of the Union
$30. 149,572
25,931,799
coal companies, canal companies and bridge companies, and investments not olherw ise enumerated. .
By equipment
These securities are received in payment of freight charges on
material shipped over the Union Pacific Road for the construction
of the Utah Northern.
The Union Pacific Company's interest in the Omaha & Republican Valley Railroad, which is a road built in Nebraska to connect
with the Union Pacific Road, is set down as follows
First mortgage bonds
;
$605,000
Pacific,
Other Assets.
By cost of bonds of railroad corporations
By cost of capital stocks oi railroad corporations
By cost of bonds and stocks of municipal corporations,
J130,800
1S74.
&
St. Paul
Paciflc— A correspondent in Amsterdam, under
date of Feb. 28, writes that the committee announces ttiat the
certificate-holders of all kinds of St. Paul & Pacific bonds have
agreed to the new proposal, which will be carried out. Till the
lOtli of March other cerlificate-hilders can adopt the new arrangement, but not longer.
;
mentioned, may fund two-thirds of the amount thereof, together
with two-thirds of tho accrued interest thereon ta July 1, 1871,
In bonds as abjve describsd.
Western .Union Telegrai)h Company.— The report for the
quarter ending March 31, 187!;, has the following:
In the report pn seuied by the Executive Committee at the last
quarterly meeting of the Board, held Decemlier 13, 1877, the net
profits for the quarter ending Dec. 31 (Nov. being partially and
Dec. wholly estimated) were stated at $750,138.
The official
returns for the quarter feuding Dec. 31) showed the profits to be
$736, 324, or $13,014 less than the estimate. The following revised
statement, based upon complete returns, will sliow the condition
of the company at the close of ihe quarter ended Dec. 31, 1877
Surplus Oct. 1, 1877, as per last quarterly report
piottts, quarter ended Dec. 31, 1877
S90,8ii5
,
Net
736,224
Union Pacillc— The
Secretary of the Interior, in reply to a
resolutioL of inquiry, has transmitted to the Senate a communication from the Chairman of the Government Directors of the
Union Pacific Railroad, showing the investments of the tJnion
Pacific Company in other railioad corporations, and the securities
which It holds therefor.
It appears frcm this report that the Union Pacific invested
in
tlie Colorado Central Railroad, which runs from
Cheyenne to
Denver, and which it aided in building, as follows
$210,000 first mortgage bonds, at 85
$386,010 first moftgai'e bonds, at SO
81,000 shares of stock, $1(0 each, at
SSl.OOO of G;i|)in County, Colorado,
Bills 'for
per cent
per cent
iS per cent.
bonds at 80 per
«'7S
.
cent.'."..,.'.'.!.'
.'...'..".'...'.'.".'.'.'.'..'.".'..'..'.'.....'. .'.
t'i'es'.'.'.'.
Total
ilKSiJi
Sj'sOO
87"v00
From which deducting
114 percent paid .Jan. 15. 1S7S
quarter's interest on bonded debt
Interest on amount due for purchase of Atlantic
Tel. stock to Doc. 31, 1877
One quarter's proportion of sinking funds
Dividend of
$5^25,9'51
One
Construction accC'Unr. ffir quarter
Sundry telegraph stocks, patents,
&
111,639
Pacific
9,843
20,000
64.34-4
&c
There remained a surplus, Jan.
1,
7,731—728,60)
187?, of
g88,li)'.'
profits for the current quarter, ending March 31st inst., bas^d
upon official returns for Januar.v, nearly complete returns for Feb$712,47,'ruary, and estimating the business for March, will be about
Add sni plus Jan. 1 as above
83, IS'
The net
^'f'Si?
'.;
Correction entry, iteis charged in error
im
$827,090
......\.
3l'789
.'iwrTo
Of the Colorado Central bonds, flOO.OOO were returned at 85, the
price charged as above.
The Union Pacific Company still holds
f 506,000 in bonds and 3,100 shares of stock. These 'transactions
were bad with the ffieerii of the Colorado CenLral. The accounts
involved advances made to that company, consisting of cash,
t
freights, material and equipments.
The interest of the Union Pacific in the Utah Central Railroad
consists of the ownership of 5.300 shares of stock at $100 each
which cost ill the aggregate $277,000. All except 300 of these
$800,674
From wh'ch
appropriating
One quarter's interest on bonded debt
Interest ou l)alance due on purchase of A.
One quarter's proportion of siukirg funds
Leaves a balance of
A dividend
of l}i per cent
$111,600
&
P. Tel. stock...
,
on the
Deducting which, U-aves
6,40;i
20,000—133.000
.
c&pital stock outstanding requires,.
$^62,674
625,931
$136,743
In view of the preceding statements, the Committee recommend
a dividend of one and one-half per cent, payable on the 15th day
of April next, to stockholders of record at the close of business
on the 20th day of March, inst,, when the books will close.
\
.
Maiich
THb CHKuNICLK
10, 1878.J
$!)c
267
COTTON.
<2lommercial ^imes.
Fbidat. p. M., March
15, 1878.
Thb Movement of the
ot trade nnd the tone in businegs circles, improve, surely and steadily, though not in any ULarked degree.
been
It is the almost universal opinion that the worst has
Crop, as indicated by our telegrami
from the South to-night, is given below. For the week ending
this evening (March 15,, the total receipts have reached 82,284
bales, against 9 ),917 bales last week, 94,349 bales the previoas
week, and 107,070 bales three weeks since, making the total receipts since the let of September, 1877, 3,7.';2,2(I5 bales, against
8,6C8,280 bales for the same period of 1870-7, showing an increase
passed, and that all the staple products of agriculture (with, perhaps, a single exception), have declined as low as they will prob-
since Sept. 1, 1877, of 83,979 bales. The details of the receipts
for this week (as per telegraph) and for the corresponding week*
of five previous years are as follows
COMMERCIAL EPITOME.
f RIDAT
Ihe
NiOHT, March
15, 1878.
c-inditiooB
:
ably go under the most adverse circumstances which the future
Business matters seem to be in a position
is likely to develop.
independent of European political continjrencies, and manufacturers, dealers and shippers think they see an end to the continuous losses they have incurred.
There is at length a recovery in prices of pork, lard and bacon,
after a steady decliue
the lowest prices in a generation were
till
day or two, sold pretty freely
at 1 10 2o;.i}|10 35 on the spot and for May delivery, and
$10 35{filO 35 for June, but the lower prices were ruling ai the
close of to-day's business, showing a recovery of only about 23c.
from the lowest point. Lard was also active and dearer, stUing
to-day at ^7 40, spot and April, $7 55 for May, and $7 02^
Bacon
for June, but the close was about 5c. under these figures.
is firmer, and the advance is well supported at the close.
Cut
meats remain dull and depressed. Beef is very quiet, bui there is
a very fair inquiry for beef hams. Butter has been dull, and
prices are weaker, and cheese has been barely supported, shippers
generally insisting upon lower prices. Tallow closes active at
reached.
Mess pork has,
7jc. lor prime.
Stearine
in the past
is
firmer at 7f®71c. for prime.
The following is a comparative summary
from November 1 to March 9, inclusive
Receipti! this
week at—
New
Orlesas .
Mobile
Charleston
Port Royal, 4c.
Savannab, i&c.
Oalve^ton
19,063'
19,
303IJ
15,589
22,537
6,963
«,83<!
5,723
3.089
4,239
6,508
2,3S5|
3,263
4,93a'
5,896
1,793
19j'
303
3,443i
2.519
4,353
9,521
9,307
4,663'
C,U6
5,368
6,533
37
dbc.
18j
4,418
10,431
Florida
36,249
5,189
6,261
11,330
201
«n
387
9,073
9,978
8.721
7,917
8,357
4,593
199
113!
101
47
i44
96
North Carolina..
Norfolk
2,906
2,:6'j'
1,215
2,092
893
797
6,539
4,S05
5,750
5,414
9,575
8.445
City Point, *c..
1,112
381
82,264
44,535
Total thleweok
Total since Sept.
30
331
65.441
321
67,905
61,3031
74,195
8,752,205;3,t:6S,256 3,6;il,831 3,107,01413,295,480 2,95»,873
1...
The exports for the week ending this evening reacti a total of
107,315 bales, of which 70,301 were to Great Britain, 4,147 to
France, and 32,807 to rest of the Continent, while the stocks aa
made up this evening are now 721,480 bales.
Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
Exported to
Increase.
145,M8,192
436,399,871
310.270,395
97,652,079
March
l,5ii,600
Great
15.
89,»40.4I7
57,311,662
ContiFrance
nent.
Britain
1,5S2,60.)
to 892 cases, as follows
400 cases, crop of 1876,
England, 10@23ic.; 340 cases, crop of 1876. Pennsylvania,
8@15c. and private terms; 117 cases, crop of 1874-5-6, Oiiio, 7ic.;
25 cases, crop of 1876, Ohio, 7ic. The demand for Spanish tobacco
:
Orleans*
Mobile
42,475
3,947
4,861
this
Same
week
week.
1877.
Total
Week ending
Decrease.
The maiket lor tobacco is a little more active. Kentucky, however, remains quiet, the sales for the week amounting to no more
than 300 hbds., of which 50 were for home consumption and 250
Prices are steady at 3@4}c. for lugs, and G@12c. for
for export.
Seed leaf shows a considerable movement, 'the sales for the
leaf.
week amounting
1813.
25,850
Indianola, &c...
Teonese^e,
New
Total, lbs
1874.
of aggregate exports
1876-77.
24,709,* 00
22J,8i3,H«5
87,7-36,6;0
18;;-78.
S3, 187,200
i67,6',4,3-2
1675.
1871.
I
:
Pork, Ibd
Bacon, &c., Ibe
Lard, lbs
18:7.
IS'tS.
17,86:3
84,285
4,640
9,501
Stock.
1878.
1877.
29,258 302,754 299,371
1,000
46,517
62,3-32
13,036
87,399
35,758
1P,S69
84,611
82,956
5,2)0
56,314
81.217
I
CHiarleston
1,875
Savannah, &c...,
Oalvestont
3,311
3,167
3,167
1,559
5,070
i
200
7,588
Norfolk.
2,834
Other ported
7.217
roUl
6,381
I
New York
New
3,506
this week..
Total since Sept.
1
579
3,685
8,367
2,834
1,493
70,361
4,147
1,518,876
409,655
1,834
8,710
18,561
10,831
50,000
40,000
64,472 721,480 809,795
liJ7,315
.525,445
145,324 277,331
,453.976 '2,825,510
• yew Orleann.—Om telegram to-night from New Orleans snows that
(besides
above exports; the ainount of cotton on shipboard and engaged for shipment
port Is as follows: For Llvei-pool, 43,751) nnles: for Havre, 19.750 bales
for
the Coutlneut, 21,500 hales: for coastwise ports. 1,500 bales; which, If deducted from
tlie stock, would leave Ka.'O'} bales, representing the quantltv at the landing and
la
presses unsold or awaiting orders.
t Oalce-iion.—Onr Galveston telegram shows (besldps above exports) on sblDboard at thu port, not cleared: For Liverpool. 13,5*1 bales; for other foreign.
3.812 b;ilei; for coastwise ports, 1,0.0 bales; which, U deducted from the stock,
would leave remaining 37,368 bales.
The exports this weeK under the head of "otber ports" Include, from Baltimore, .92 hales to Liverpool from Boston, 4,':9l bales to Liverpool f om Philadelphia 1,831 bales to Liverpool
from Wilmington, 1,41)J bales to Continent.
n
has been moderate, and the sales are 500 bales Havana at 80c.@
$1 10.
There have been fair sales of coffees, both of Brazil and mild
grades, but to-day quotations are easier: Rio, fair to prime cargold.
Stock here in first hands on the
jtoes, quoted at 15i@17c
13th inst.., 71,597 bags. Late sales of mild grades include 8,663
mats Java, 3,192 bags Maracaibo, and 5,520 bags St. Domingo, the
Rice and molasses have sold fairly,
latter in transit to Europe.
From the foregoing statement It will be seen ttiat, compared
and all prices remain steady. Refined sugars have been fairly with the corresponding week of last season, there is an incrtOM
standard crushed quoted at 9|c. Raw sugars in the exports this week
active and steady
of 42,843 bales, while the stocks to-night
have been moderately active, with late prices retained fair to are 88,315 bales less than they were at this time a year ago.
good refilling Cuba, 7f @7|c.
The following is our usual table showina the movement of cotton
that
,
;
;
;
,
;
:
:
8tc.-,k
March
1,
1878
Receipts since March 1, 1878
Sales since March 1, 1878
Stock Ma; ch 13. 187S
Block March
14, 1877
Bhds.
Boxes.
Bags.
lO.lal
11.775
13,761
9,590
1,90)
2,747
8,831
8,554
4-.'.siO
I'Jl
189.694
9!,846
«J.578
5!,942
4119
20,1.35
n,9t9
Mclado.
•tail the ports from Sept.
574
26
BXCEIFTB,
SIHCX SXPT.
PORTS.
1.
1877.
Mar.
8,
the latest mail dates:
Britain
1876.
Prance
Mobile
36'i,415|
338.632
Charlesi'n*
419,071
4)5,783
76,996'
108 513
1
TO—
Coast-
wise
Other
Total.
Stock
Porte.
foret'n
972,076
i;9,ii6
117,443
195,231
66,242
61,531| 84,(i8-; 254,718
109,859
S8.2S9
N. Orleans. 1,203,495 l,O5S,60Oj 514,£39|255,233 209,299
:
;
to
Qreat
8'io
There has been a very fair business in ocean freights, and
while rates for berth-room have shown weakness and irregularity, those for chartering tonnage have remained steady.
Late
engagements and cliarters include Grain to Liverpool, by steam,
provisions, 303@.378. 6d.;
grain, by sail,
ftid.;
6id.; flour
2s.@2s. lid.; grain to London, by steam, IJd
flour, by sail,
23. l^d.; grain to Cork for orders, 53. 6d. per quarter; do. to
Naples, 53. Ori.; do. to a Dani-h port, 78.; do. to Havre, 5a.; ;rude
petroleum to Dunkirk, 38. 9d.; refined do. to Liverpool or IJristol,
8s. J.; do. to Cork for ord-'rn, 4a.; do. to the East coast of Ireland, 43. IJd.; do. from Philadelphia to Antwerp, 3s.; do. in cises,
from do. to the Adriatic, 30c., gold do. from do. to Genoa, 20}c.
gold.
To day, a fair business was done at somewhat irregular
rates; grain to liondon, by steam, 6fd.; d''. to Liverpool, by
1
EXPORTED SINCE SSPT.
20,874
19,573
340,636
Savannah
5S4,386l
444,7«6j 128,754
31,794, 112,211
2;5,7J9
193,4'
60,779
Salveston*.
39I,375J
475,92S' 136,383,
25,574
10,321
172,883
163,881
59,912
4,G2:
30,108
»^,491
New York..
85,102
Florida.
12,391
Carolina
Norfolk*..
Other ports
.V.
,1
111.0431 211,761
19,770
....I
;
145.S91
12,3M
124,77o'
116,972
31,06$
1,750
13,397
51,213
68.453
6,4C7
4i5,96:
500,990^ 124,774
1,075
2,929|
123,778
277,287
31,900
111,016
111,256: 115,709
1143,515 105,508,492,633 3345,861 llf9 691
771,186
12,lb3
127,S;
43,000
;
[
i>i.; grain to Havre, 5s. per quarter; do.
to Calais, 53.3:1.; do. to Cherbourg or Brest, 63.; do. to Bordeaux,
5s. 5d.; refined petroleum to Marseilles, 49.3d.
Grass seeds are higher at SJ^SiSJc. for clover per lb,, and $1 40
Whiskey closed at $1 07. In naval stores
for timothy per bush.
very little of imjMjrtance has been done, excepting one day when
8,000 bbls. good strained rosin were sold at $1 02, all for the Continent.
Common strained is still quoted at |1 ,57^. Spirits turpentine remains dull, closing rather easy at 30Jc. Petroleum
also has been dull, and quo-ed no-ninaily at 7ic. for crude, in
bulk, and lljc. for refined, in b'jls. In steel rails there has been
business to the extent of 15,000 tons, deliver,ible here and at the
West, on the basis of |43iS44. Ing.>t copper quiet and easier at
eteam, 0}f§6ici.; cotton,
17@17ic.
rot. this yr. 3,670,001
Tot. la«t rr.
•
8,623,749 1634.031 l3.39.5J3, 287.514 2i6l.088 1118.4011 858.993
Is Included Port Uoral, «c.: under the Bead ot
Inoladed Indianola. ftc; under the head ot Ncrfoit is Included CltF
Under the head ot c/wrlmton
ffi;r<«i»n
Point
Is
&.C.
total of
the telegraphic figures, because in preparing them it ii always
necessary to incorporate every correction made at the ports.
Tlie market lias been dull for cotton oa the spot, and prices hare
declined.
An improvement in gold and exchange, with a slight
decline in ocean freights, operated In favor of ehippeis, bnt they
Liverdid very little except 1.100 bales on Saturday afternoon.
pool accounts were dull, and the demand from home spinners
was very small. Yesterday, at a decline of llCc. there w««
To-dsy, quotations
revival of business for home consumption.
were advanced l-16c. for the three lower grades of white;
These mail returns do not correspond precisely with the
:
6
:
..
:
—
THE CHRONICLP.
26B
stained and the medium and better grades remained unchanged
and quiet. For future delivery, the depression on Friday, as
noted at the close of our last report, was followed on Saturday
by a partial recovery of values. The statistical position and the
explana'ion that the increased receipts at the ports were at the
expense of stocks at the interior town^ of the South caused a
slight renewal f confidence among the bull party, as well as the
coverii'g of contracts to some extent.
But Monday and Tuesday
were dull and drooping, and Wednesday and Thursday witu( ssed
an important decline. The renewal of reports of diplomatic disagreements between Russia and the oth'-r powers, the depres ion
at Liverpool and the continued large arrivals at the ports
seemed to have thoroughly discouraged holders, and many real-
bales.
C
400..
900..
I.IOO..
60J..
500
1,100
2
l,30Ll..
Yesterday, privized at the best prices Siat could be obtained.
ate reports were received from New Or cans t'lat an overflow of
the Mississippi River was threatened, and caus d some recovery,
although it was seen that an overflow at this stage of the stason
the decline had been so great in
will do more good than harm
24 hours that a demand to cover contracts was brought out. Today, under the influence of a more belligerent tone to the cable
dispatches, the market receded a few points from 'the highest
price of yesterday, and speculation was quiet.
The total sales for forward delivery tor the week are 183,100
bales, including
free on board. For Immediate delivery the total
gales foot up this week 5,086 bales, including 1,996 for export,
in transit.
3,008 for consumption, 83 for speculation, and
Of the above, 300 bales were to arrive. The following tables
show the official quotations and sales for each day of the past
;
—
week
Sat.
Mar.
Ordinary
» B.
Strict Ordinary
Good Ordinary
Low
Good
Ord'ry.
Middling
Strict Low Mlddi'K
MlddiinK
Good
Mlddllnir
Stilct
Good Mlddl'g
Middling Fair
Fair
9.
Mon.
Sat. ITIon.
Mar.ll
Mar.
8X
8)^
9.
Sat. illon.
Mar.ll. .Mar.
8X
9.
8X
.Mar.ll.
BH
9
9
8%
9 5-16
9 5-16
9 5-16
9 7-16
9 7-16
9 7-16
9 -16
10
10
10
10
9«
9»
9%
5-16
5-16
5-16
10
10
10
10 5-16 10 7-16 10 7-16 !0 7-16 10 "-16
10 11-16 10 11-16 10 11-16 10 11-16 10 13-16 10 13-16 10 13-16 10 13-16
9 5-'.6
11
11
11
n%
UX
n«
11
UH
UK
HM
IIK
!!«
'.1(«
11-16 11 11-16 11 11-16 11 13-16 11 13-16 n 13-16 11 13-16
Vi 3-16 IJ S-:6 12 3-15 12 3-16 12 5-16 12 5-lC 12 5-16 12 5-16
12 11-16 li 11-16 13 11-16 12 11-16 12 13-16 12 13-16 12 13-16 12 13-16
11 11-16 11
Tnes Wed. Taes IVed. Tues IVed. Tues Wed.
Mar.l2. Mar.H. Mar.13. Mar.l3. Mar.l2. Mar.l3. Mar.l2.
Ordinary
V n
Strict Ordinary...
Good Ordinary
Strict
Low
Good
Ord'ry.
Middling
Strict
Low Mlddrg
Middling
Good
Middling..
Strict Good Mlddl'g
Middling Fair...
Fair
8M
sx
9 5-16
93<
10 5-16
Good
U
Strict
8 1-16
8 13-16
9>.
VrU
IIX
IIH
8M
SK
9M
lOX
»'%
lOX
:o ;s-l6
lOls-H
11 5-H
5-16
n%
use
12M
12H
Th.
FrI.
FrI.
Mar.U. Mar.l4. Mar.l5. Mar.H. Mar.iS.
8X
»K
8 I-IS
8 13-16
96-16
Th.
Frt.
Tta.
9 13-16
10S<
9 13-16
12K
12X
Fair
nx
IIM
11
Mar.l.i. Mar.ll.
'.ua
11
Good Mlddrg
Middling Fair...
11
11-16
il 13-16 11 13-H'll 13-16
12 3-16 12 S-16 12 3-16 12 3-16
12 5-16 12 5-16 12 5-16 112 5-16
12 11-16 12 11-16 '.2 11-16 12 11-16 12 13-16 12 13-10 12 13-16 12 13-16
Ord'ry.
Middling
Good Middling
.13.
9 5-16
9 5-16
9 7-16
9 7-16
9 7-16
10
10
10
10
9K
9X
10 5-16 10 5-16 10 7-!
!0 7-16 10 7-16 ;0 7-16
10 11-16 10 11-16 10 13-16 10 18-15 10 13-11) 10 13-16
9»
11«
n%
UH
IIX
U 11-16 11 11-16 11 11-16 U 13-16
U-16
n%
tt.
Low Middling
Strict Low Mlddrg
9 6-16
11
10
Th.
Strict
SX
8X
Ma
BY,
9
9 7-18
10 5-16
10 11-: (
11
Mar.H.
Ordinary
V
Strict Ordinary
Good Ordinary
BH
8M
8 3-16
8 15-16
9 5-16
9 13-16
'.05i
11 5-16
!1
U
U
5-16
UK
nx
lOX
lOX
1-16
7-16
^^
1S«
12X
9
9 7-15
9 15-16
9 15-16
W%
ll'X
10 15-16 10 15-16
'1%
8X
9X
9 13-16
lOX
'0%
•-2X
11
11
.
700..
300..
7uO..
1-16
7-16
8 3-16
8 15-16
9X
9 15-16
9 7-16
9 15-16
lOX
lOX
\"H
lOx
11 1-16
11
7-16
11
11
1-16
7-16
nv
IIX
12«
13X
12!i
115^
12^i
12»
12*
bales,
cts,
1,400
n-;3
600
11-24
11-25
11-46
11-27
200
(00
40J
400
I.IKIO
...
1.100
3«l ..
EOO....
100..
.11-29
,.11-30
,.11-31
lOO. .,
8U0..
1,000
,
1.000..
:l-25
.11-29
.11-30
.11-31
.11-32
,,11-33
100...
8.0...
.U-2S
96,9J0 total .June.
14.400
lrS5
.11-36
,.11-3!
11-39
Toes Wed.
Sat. inoii.
Mar.
Low
Middling
Middling
9.
S 3-16
8 15-16
,
9 7-U
10 1-16
.
9
8
9
10
UAREET AND
Spot Market
Closed,
Saturday
Monday
.
Tuesday
.
.
,
Wednesday
Thursday
Friday
.
Steady, UQCh. quo.
Quiet, steady
Quiet, steady.. ...
Ouil, easy
Steady, lower
Quiet
Total
8 3-16
8 15-16
S-!6
15-16
7-16
1-16
9 7-16
10 1-16
1
8
8
9
10
3-16
15-16
7-16
1-16
5H
223
336
490
311
922
633
1,936
3.aH
92
10
BALES.
BALKS OF SPOT ATn> TRANSIT.
ExCon- Spec- Tran- _„,„,
lotai.
port. sump, ulat'n
sit.
1,103
277
FrI.
Mnr 15.
M.r.ll. Mar.l2. Mar. 13.
DellTeries.
18.000
601)
17,S(10
300
600
SOO
21.900
25.900
5S.800
36,100
182,100
1,400
90O
4,600
For forward delivery, the sales (including
free on board)
have reached during the woek 183,100 bales (all middling or
on
the basis of middhnB-). and the followinjf is » utateoient of
the
Mleg and prices
^
For March.
T)aie«.
500
110
103
300
100
200
For AprI
cts
baiet.
I0-S6
10-ii
103
2.900
10-9U
1.8011
ll,'92
410
403
10- i3
10-94
•sl.>«.
.
cts.
2.0)0
.10-85
.lC-86
.10-87
.10 88
1,5'JC
.lli-9C
lr95
900
.10-91
Sl«
10-9J
I,6i0
.11.-92
200....
li-OJ
COU
.10-93
500
1101
\fm
10- 91
4j)0
11-08
1.400
11-113
3U0
.10 95
.l'-96
;i-oi
!,•(»
11-06
2.60(1
.IO-ii7
S'lfl
.10-98
.10-39
«0
1,000
401
300
4(». ;;.'.;;!!!. u-08
100
2U0
1,200
100
n-09
;00
?|»
11-10
1,500
1,100
100
u-u
lOOs.n. Uth.ll-;2
TjV
900 total
11-12
Marcb.
600
»00
4,000
3,900
.;i-i«i
.11-01
.11-02
.11-03
.n-Oi
,11-03
.11-06
.11-07
.ii-ts
I
2,100
-to.
.
..
-
00
8.110 ...
1.100
2,:00
2,''(>'
2.200
I.-Ot)
2,401
1.300
80J
3J0
700
2.600
2,7lO
r.-n
11-12
u-;3
s.ao'....
1114
5.2.0...
11-15
r-.4
f.lBlO
For May.
1,
...
aio...
-12
3;,S0) total April.
4.700
LOT
;l-i3
1
200
.1..-09
»M
600....
ll-:ii)
.
cts.
10-96
10-97
1,-iS
10-99
11-01
11-01
11-02
11-03
.ii-p,
11-03
1>,6
...
U-16
2.I0I ...
11-17
2.4')0....
H-l«
1.90U....
2.400....
1,200....
1,110 ...
11-19
6I,2:'0
total
11-20
600
r,oo
1,400
SOO
2U0
11-14
11-15
.11-16
11-17
11-18
11-. 9
11-20
l.-.l
11-22
100
SOO
l,6iJU..
2C0..
200..
I.'OO..
200..
400
600
1,200
100
SOO
•200
700,.
100..
1.100
100
.
7.500 total
600
800
U-27
1.900
200.
2S
11
11-4'J
101
lC-72
200
U-7S
u-cs
2IJ0
....ii-r4
100
100
1(0
SCO
10-74
lC-78
Cor September.
11.10.
...
..
.
2J0
100
....11-25
... .11-26
1.200
will
10-9I!
i:-92
toUl Nov.
700 total Sept.
For December.
For October.
5C0
1.700
630
6a'
100
....10-J3
10-90
100
10-92
H.-8I
....W-85
2X1 total
Dee.
....10-86
wiek
the
:
show the closing
prices bid for future deat three o'clock P. M. on the
and the tone of the market,
several dates
W-S>
May.
•inpd. to etch. 1(0 Mar. for
The following
Oct.
For November.
Aug.
The following exchange has been made during
livery,
.
100..
'203..
....11-14
100
100
lr'24
11-25
11-28
1,(00
I
....10-E8
....10-89
10-90
.
.
....10-11
....11-02
....11-03
....11-05
..11-OS
li-OS
....l!-l.i
11,900 total
11-20
11-41
11-22
1.100
J
cts.
400..
1,000..
named
MTDDLINO TJPLAXD9— AMSEIOAN OLASSIFIOA-nON.
Sat.
FrI.
Mon,
Tues.
Wed.
Tlmis.
FrI,
Market--Depres9ed Steadier.!Drooping D.ooplng. Lower. Variable. Variable
Marcb
iros
April
ll-»9
11-17
11-27
11-31
Joiy
August
Sept-mber
October
U-13
21
11-31
11
n-39
11-11
11-11
....
November
Uecnibir
11-21
11-05
U-27
11-08
l'-S5
I!.-9t
nor
11-08
11-OS
11-16
11-26
11 35
11-4J
11-22
11-03
11-li
10-92
10-! 6
.
...
11-15
Tranar. orders. 11*10
Closed
Steady. Stcaly.
Sold,.
101 «
101
SxcbanRe .... 1-82
4-82
10-91
10-91
:r(i3
11-12
ir-20
1I-V5
11-10
10-90
10-80
Ii-j6
li-'.4
11-24
11-32
11-37
11-23
11-01
10-91
;o-92
111-8)
11-10
Doll.
11-10
1(1-
SO
10-93
10- SI
10-95
U-U3
U-Oi
11-13
11-21
11-13
11-23
11 -26
11-25
u-io
U-03
10-91
10-78
10-19
10-83
10-76
10-77
11-95
1(1-93
Dull.
Weak.
OK
10i«
101
4-84
4-83
lOOK
11
4-82
*-eiA
lO-nl
10-94
10 94
Stealy.
Steady
101
4-S3X
The Visible Supply of Cotton, as made up by cable and
telegraph, is as follows. The continental stocks are' the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
broughtdown
to Thursday evening: hence, to make the totals the
complete figures for to-night (Mar. 15), we add the item of exports
from the United States, including in it the exports of Friday
only
1878.
1877.
1876.
BtocK at Liverpool
Stock at London
704,000
1,073,000
802,000
9,5:o
S9.5C0
56,0C0
713,600
1,102,500
858,000
Stock at Havre
274,000
Stock at Marseilles
6,000
Stock at Barcelona
'23,000
Stock at Hamburc
7,003
Stock at Bremen
35.750
Stock at Amsterdam
37,-359
Stock at Rotterdam
10,600
Stock at Antwerp
6,E0O
Stock at other continental ports..
5,500
179,330
221,600
Total Great Britain stock
3.000
6,300
62,000
97,000
13,000
19,000
47,500
47.030
64,500
52,330
10,000
17,000
6,750
13,730
12,.500
14,5"0
406,600
393,500
460,500
314,75J
1,120,000
1,501,C03
1,343,500
1,191,2:0
Indlacottonafloat for Europe.... 133,000
American cotton afloat for Europe 630,000
Bgypt,BrazIl,&c.,afloatrorB'rope
30,000
Stock In United States ports
721,480
Stock in tJ. S. interior ports
100,6(9
United Stateaeiporto to-day
15,003
3C2.000
163,000
297,000
391,000
038,003
581,000
33.000
45.000
83,000
809.795
694.795
689,003
97,705
113,842
97,417
7,000
17,000
25,000
3,040,500
3.030,137
2,962,709
Of the above, the
American —
.
.baie8.2,745,139
total! or
American and other descriptions are
i
I
follows
Llverjool stock
Continental stocks
American afloat to Earope
United States stock
538,000
751,000
461,000
351.000
315,000
307,000
145,000
6-20,C(iO
391,000
638,000
681, COO
31,480
809,795
694,795
689,003
United States Interior itocke
United States exports to-day
100,649
9r,703
113,842
97,4ST
15,000
7,000
17,000
35,000
bale8.3,239,lS9
2,371,500
2,231,6.37
1,987,459
176,000
32 ',000
841,000
316,000
9,500
29.500
56.000
108,600
52.600
6.3,500
183,500
169,750
138,000
2C3,000
163,000
297.000
Total American
Saet Indian, Brazil,
Liverpool stock
London stock
Continental stocks
;
460,000
itc—
;.
India afloat for Europe
Egypt, Brazil, &c., afloat
30,000
32,000
45,000
82,000
406,000
669.003
783,.500
975,250
,,2,339.1-39
2,371,500
2,231,037
1,987,459
Totalvlsible supply. ...bales. 3.74.6.1:9
Price Mid. Uplands. Liverpool... 6 l-16d.
3,040,500
3,0:0,137
2,963,709
6 7-16d.
7^d.
Total East India,
Total American
Ac
6
5
16d.
11-21
ll-2i
May.
"or
3,700....
l.OOU....
I.SOO....
2.000....
l.lOO ,.
1(10
600
1,300
totaljuly.
TotilTlslblesappIy..
Sal.,
°*'"-
bales.
....11-30
... 11 31
...11-3!
....11-37
....11-33
...11-39
...,11-43
....11-41
... 11-12
20O
Kor August.
Total European stocks
Sood Ordinary
Strict Good Ordinary
cts.
5(0
lOO
.U-3i
,
Total continental ports
8TAINBD.
bales.
ll'O
For July.
June
Mon.
Sat.
Mar.
viar.ll.
9.
1,901'..
May
ORLEANS.
N.
1,800..
l.'iOO
s.
:
XXVI
[Vol.
11-15
.11-15
,11-18
,. 11-19
11-20
11-21
Il-i2
11-21
r.-2i
.11-25
.11-26
.11-27
1,800..
<
Strict
X
:
11-06
11-17
11-03
11-09
11-10
11-07
11-OS
11-09
1,1110....
11-11
S,'M....
ll-!2
U-lu
i,-«o":;
11-14
These figures indicate a decrease in the cotton in sight to-night
of 295,371 bales as compared with the same date of 1877, a
decrease of 275,008 bales as compared with the corresponding
date of 1876, and a decrease of '^17,580 bales as compared
with 1875.
At the Interior Ports
—that
the movement
is
the reseipts
and shipments for the week, and stock to-night, and for the
corresponding week of 1877
statement.
—
is
set out in detail in the following
r
Makcu
:
1
.
THE CHaONlCLR
10, 1878.)
Week
aniUiig Mar. 15. 1878.
Racatpta. Shlpmenta. Stock.
Week
ending Mar.
16, 18T7"
2G9
Ing the week, the extremes having been 01 and 82.
on one day, the rainfall reaching four Incbee and
Recetpta. Shlpmenta. Stock.
dredths.
AiuiMU,Oa
Commbos, Qt
1,4«3
Macon,
1,I«
NaahviUe, Teon...
1,037
S.46S
8,035
1,881
a,' HI
1,879
18,4'9
8.179
Total, old porta.
15,»8I)
»r,4S8
396
()«
lIontKomcry, Ala
Selnu, Ala
Mempma,
1.394
.
7.18
9.787
'I'enn
Dallaa. Toxar
JeffertOD, Tex
..
Colnmbu^, Hlaa...
2«
S-.'l
Eufaula, Ala
853
87
8S7
500
Vtcknhuri;, Miaa.
Oriffln, C)a
Oa
Rome, Qa
(«<.)
new
8,935
1.954
3,964
7.118
3,744
2.940
3,101
8.706
2,861
71
160
1,^03
porta
all
964
875
air
131
4,815
.
lot
643
2,077
9,«4:J
89
816
67j
2.20O
189
47
:,i59
4,895
4,071
Charlottw, N.C..
8t. Louts, Ho
Cincinnati, O
Total,
6,!S5
587
1,716
6,460
Total,
350
100,649
871
531
3,0tM
6,357
8hreTeport,La
Atlanta,
SS.iOS
3,408
383
1,396
«76
665
371
5,489
605
1,173
11.3:6
18,653
4,7tl
10,U«3
«.«19
844
13,423
8.05
5,011
4,718
3,070
S48
2,598
246
11,0
60
410
801
445
950
»M'-
417
485
1,013
10,743
5,294
38,188
6,103
a,"0!)
3,.535
669
31,859
1,474
1,948
11,424
31,755
68,987
14.150
11,665
68,012
86,353
59,187
169,636
80,985
20,790
165,747
that the old
totals
interior
—
Receipts from the Plantations. Referring to oar remarks
Chronicle fur an explanation of this table, we now
bring the Ggares down one week later, closing to night
in the last
—
:
SICIIPT9 raox flamtations.
pleasant.
Receipts at the Porta. Stock at Inter'r Porta Rec'pta from Plant' ne
endingFeb.
1876.
1877.
]
1876.
1878.
1877.
1876.
1878.
«... 181,379 133.374 159,156 1210,662 182,240 244,494
1877.
136,876 125,53:
1678.
161,667
118,583 110,006 137,138 210,858 179,8661240.703: 118,77r 137,032 133,353
"
16..
"
83..
March
110,576 180,720 18O,C90{ 202,-;47 174.977J23i,103; 108,165 116.431 118,485
109,676 88.068 107.670 198,563 173,47SH6,63i| 105,798 86,06!. 101,252
IfS.sgOl 3.1781210,935
83.248
68,3)5
73.S99
7,349
46,855
73,4; 7
t8,56tjllr7,351'165,747jl69,636|| 48,82!
40,993
59,435
8...
88,815
68,615
94,349
9...
78,380
50,74J
ilO947'|l94,)05 16),29l|l92,465||
65,441
44,537
I
"
16..
Total...
1700,249 651.002 791,644,,|....
.|
|673,435]681,7S7|729,26r
^F*Ttie interior stocks January 85 were, for 1876, 2)5,16S bales; for 1877,
195.082 bales; for 1878, 848,013 bales.
This statement shows us that although the receipts at the ports
the past week were 83,364 I)ales, the actual from plantations
were only 59,435jbale8, the balance being drawn from stocks at
the ii.terior porta. Last year the receipts from the plantations
for the fame week were '40,993, and for 1876 they were 48,337
bales.
Weather Reports by Telegraph. —There
rain fall-n in
has more or lesg
the South the past week, but as a general thing
excellent progress has been
made
where very well advanced.
in
Corn
is
farm work, which is everyup and growing rapidly in
Texas.
Oalveiton, Texas.
—We have had a shower on one day this week,
the rainfall reaching ninety hundredths of an inch. Cotton
planting is making good progress and corn is coming up well.
Average thermometer 64, hi>;hest 74 and lowest 53.
It has rained on two days of the week, on
Indianola, Texas.
—
one day a shower and one day hard, the rainfall reaching one
inch and fifty-seven hundredths of an inch. Cotton planting is
progressing well, but in the low lands is retarded somewhat by
Corn is growing rapidly. The thermometer has averaged
rain.
66, the highest being 80 and the lowest 52.
Rain l.aa fallen (showers) on two days this
Corsicana, Texas.
week, to a depth of thirty-nine hundredths of an inch.
Corn
planting is making favorable progres.s still, and farmers are bedding up for cotton. Small grains promise finely. Average thermometer 03, highest 84 and lowest 44.
We have had sliowers on two days of the
Dallas, Texas.
week, the rainfall airgregaling twenty-five hundredths of an inch.
The thermometer has ranged from 45 to 84, averaging 61. Farmera are very busy. They have not yet finished corn planting, but
are maklni; good progress and preparing for cotton. Agricultural
resources in all Northern Texas, efpeclally westward, immensely
developed this season.
Brenham, Texas. There have been showers here on two days,
the rainfall reaching ninety hundredths of an inch. Corn planting is progressing finely. There is some little cotton planted,
with active preparations for a full crop. Average thermometer
71, highest 79 and lowest 56.
Sew Orleans, Louisiana. We have had rain on two days ihij
week, the rainfall reaching two inches and ninety-five hundredths.
The thermometer has averaged 66.
ahreveport, Louisiana.
A storm on Friday and Saturday last
was succei'ded by clear, pleasant weather. Planting preparations
are active.
The freedmen are more reliable and giving greater
satisfaction than in past yeais.
Average thermometer, 63 highest, 80, and lowest, 40.
The rainfall has amounted to four and
fifty hundredths incites.
Viekiburg, Mifsisiiippi.—lhe thermometer has averaged 60 dar
—
—
—
—
—
;
—
—
year.
Week
to
—
stocks have
11.4.5^ bales, and are to-night 3,944
period last year. The receipts at the
same towns have l>een 9,145 bales ittore than the same week last
The above
—
Mississippi.
amounted
—
8.728
80,.r8
show
desrecued during th» week
bales more than at the same
Little
7,41:;
8.096
f,»19
3.972
1,833
2,0^0
one hun-
and on Saturday, but the remainder of the we« i has been clear
and pleasant. Farming operations are goinj/ on patiafactorily.
Average thi rmometer 59; highest 81 and lowest 42. We hare
had a rainfall of five inches and twenty-four hundredths.
NashviUe, Tennessee.— li has rained here on three davs this
week, the rainfall aggregating one inch and one hundredth. The
thermometer has averaged 61, the highest being 70 and lowest 52.
Memphis, Tennessee. There has been a rainfall this week of
two inches and thirty-five hundredths, rain having fallen on
three days. The balance of the week has been ])leasant.
Plowing is being pushed vigorously in the uplands.
Roads are good.
Averafie thermometer 62, highest 76, and lowest 47.
Last week it rained on three days, with a rainfall of forty,
eight hundredths of an inch, the rest of the wtek having been
The thermometer had averaged .'56, the hi^jhest beioff
pleasant.
74, and the lowest 38.
We had a severe storm on one day and it
Mobile, Alabama.
has been showeiy two days the earlier part of the week, the
rainfall footing up two inches and nine hundredths, but the
latter part has been clear and pleasant.
The thermometer has
averaged 67, the extremes being 54 and 82.
Montgomery, Alabama. During the earlier rart of the week
we had rain on tliree days, but the latter portion has been c'ear
and pleasant. Planting is making good progress. Average
thermometer 66, highest 79, and lowest 49. The rainfall is one
inch and two hundredths.
8elma, Alabama. During the earlier part of the week we had
rain on two days, but the latter portion has been clear and
97,705
171
has rained
The rainfall during the week ju»t
two and ninety-four hundrodths inches.
Rock, Arkansas. Wo had a heavy rain on Friday night
Uolumbus,
closed has
5«,01!)
718
1,08.)
It
flftj
— We
have had rain on three days and a rainMadison, Florida.
of three inches and forty-five hundredths. Average thermometer 08; highest 76 and lowest 60.
Maeon, Oeorgia. It has rained here on one day this week. The
thermometer has averagea 63, the highest being 78 and the
lowest 47.
have had rain on one day (showers)
Atlanta, Oeorgia.
during the week, the rainfall reaching eighty-eight hundredths
thermometer
has ranged from 54 to 72, averThe
of an inch.
aging 04.
Last week it rained steadily one day, and we liad showers on
one day, tlie rainfall aggregating fifty hundredths of an inch.
The thermometer had averaged 53, the extre.tes having been 31
fall
—
—We
and
03.
—
Columbus, Oeorgia. It h»a rained severely one day, the rainfall
reaching sixty five hundredths of an inch. The thermometer has
averaged 70.
Savannah, Oeorgia. It has rained he:e on two days, the rainfall reaching twenty-one hundredths of an inch, but tlie remaining five days have been pleasant. Tlie thermometer has averaged
07, the highest being 80, and the lowest 51.
have had i-light rains on three days
Augusta, Oeorgia.
the earlier part of the week, but the latter part has been clear
and pleasant. The thermometer has averaged 65, the highest
The rainfall during the week has
being 83 and the lowest 48
been thirty-four hundredths of an inch.
It has been showery one day this
Charleston, South Carolina.
week, the rainfall resching twenty-nine hundredths of an incli.
Average thermometer 65, highest 77 and lowest 56.
The following statement we have also received by telegraph,
showini; the height of the rivers at the points named at 3 o'clock
Mar. 14. We give last year's figures (Mar. 15, 1377) for com-
—
— We
—
parison:
r-Mar.
14.
Feet.
New Orleans.. Below high-water mark
Memphis
Above low-water
Nashville
Above low-water
Shreveport. ...Above low-water
Vlcksbure.... Above low-water
mark
mark
mark
mark
4
83
'78.^
Inch.
2
,-Mar. 15 77.—,
Feet.
18
16
19
11
15
11
17
8
83
40
11
Inch.
3
8
1
7
8
New Orleans reported below high-water mark of 18'/1 until
Sept. 9, 1874, when the zero of gauge was changed to high-wateT
marlL of April 15 and 16, 1874, which is 6-10tL8 of a foot above
1871. or 16 f«et above low-water mark at that point.
Our Visible Supply Figures. — Every now and then, criticism
made upon our visible supply figures, because they do not conform to the writer's idea of what they ought to be, judging from
the shipments at Bombay, or receipts at our ports, or some other
The latest production of this description
real or imaginary data.
we have seen, comes from a Baltimore correspondent of the Daily
IhMitin, and is as follows:
To the Kditor of tht Ne^c Yotk DaUy BuUitln
is
The FiNASciAi, CuBONtcLE. in fpite of receipts at both porta and Interior
towns being largely In excess of last year, and a large increase in Bombay
movement, has been making the visible eupply of cotton phow a decreabe compartd with Inst season. Can the Curoniclk be msking tho aama error the
AKrliultaral Bureau and Southern Cotton Kxchango made aa to crop eatlmatc? We are of tho opinion it is- One thing is certain, either Invisible
supply must be very large or the figures of tho Curomiols erroueoua.
* chronicle's " riOURES.
Bombay Shlpmenta.
Interior
Port Receipts.
Feb.
9..
Fob. 16..
.
Feb. 28..
.
Mar.
Mar,
%..
9..
.
.
.
1878.
187.-.
187'.
1878.
IW.OOO
19,0
18,090
16,000
18,000
1877.
19,000
16,000
15.000
11,000
8.0C0
S9.0CD
8,000
14,000
33,000
1)1,000
140 00)
120,000
t8,C0O
63,000
49,0J0
54 ",000
465,0:0
89,000
a0,coo
131,000
130,000
107,000
91,000
23.000
37,01
1877.
»,0GO
48.000
7,000
45,000
13,000
liO.OOO
.
THE CHRONICLF,
270
yet, with a curtailed
Showinj3r an actual increase of 112,030 bales over last ye
Their figures
ipply.
consumption, they maKe a steady decrease in visible supply.
Feb. 9th show 21S,(X10 decrease;'March 9th. JOe.COn. It tiiher ought to be
IhO.OOO decrease, instead of 406,000, or invisible supply has increased 240,0iiO in
the past five weeks.
T. B. 11., Jk.
Lest these figures may deceive some one, a few words of
explanation are perhaps desirable.
1.
The
little fling at
we can
criticism
the
CHRONICLE which
afford to pass by.
— because there
It
is
is
contained in this
well enougli to say,
may
be some persons ignorant enougli
to imagine otherwise
t'jat the Chuonicle has no control over
those figures.
They are all (except tbe United States stocks)
collected for us in Liverpool and cabled to us Fr day, and we of
course publis'a them precisely as received. More tban that, if
any one will take the trouble to compare them with the figures
as received by mail from the different ports, he wi 1 be satisfied
with their substantial accuracy.
however
Cotton from Seed to Loom.— The demand
3.
But, for one moment, let us lo k at the very partial and
First.
figures
— He
correspondent
this
unites the interior
uses to
movement
impeach them.
the amount
(in
whereas the
(old) interior stocks have decreased during those weeks 31,715
bales, against an increase last yeir during the suva", time of
1,001 bales. Here is a double error; |1), in that tbe movement
to the outports covers all of the interior movement, so that
the increase is twice counted by him, and (2) the interior stocks
having decreased 33,716 balej (31,71.5 + 1,001), compared with
last year, that amount should have been deducted, for to just that
extent the visible supply is actually lessened. Thus, we have a
of
30,C03 bales)
the
increiS3
in
the
comparison of
weeks
it
appears in the afloat to foreign ports.
member
whenever there
PORT RECEIPTS FROM SATURDAY, MARCH
New
Days of
Bombay
is
is
course,
if
he desires
to
not the only shipping port in India
show what have been the
;
of
relative ship
ments, he should include all the India ports. In our afloat from
India they are all included, thus disclosing another very considerable error in the conclusions he has drawn.
For instance
leans
Saturday
1.5,
Mo-
Char- Savan-
ves-
Nor-
Wilming-
All
bile.
leston
ton.
folk.
ton.
others
Gal-
Or-
week.
TO rRIDAY. MARCH
9, '78.
nah.
'78.
Total.
950
1,153
1,330
1,900
773
978
36S
1.376
8,728
Monday
7,o51
1,431
1,047
3,331
2,635
1,359
841
1,191
19,179-
Tuesday
3,074
1,081
1,3)9
1,239
1,558
723
111
3,432
11,487
Wednesday..
5,5>3
487
611
l,57d
1,573
1,143
1,017
2,335
14,234
Thursday....
6,3lr
9!9
980
1,632
1,026
1,385
56
1,821
18,99*
Friday
2,505
1,189
1.465
1,612
1,742
952
148
4,971
11,614
6,363
6,508
11,^30
9,.30-
6,53;i
2,511
13,9Sd
8J,264
Total
movement each montU
Tlie
follows
September
since
lias
1
been aa
:
Tear beginning September
1.
Monthlij
Seaipts.
1876.
1875.
1874.
1873.
93.491
23<i,863
169,077
134 376
115,-255
184,744
October
578,533
675,260
610,316
536,963
355,3-J3
444,033
November
8:2,493
901,392
740,116
676,-:9o
576,103
530,153
December
900,119
787,769
821,177
759,036
811,663
524,975
January
February
689,610
500,630
637,067
444,053
702,163
669,4.30
4:3,054
449,686
479,801
333,324
43-2,633
46-2,553
Total, Feb. 28.. 3,561,!
3,551,6:5
Percentage of total port
87-95
receipts Feb. 28
3,457,534
2,934,051
3,043,205
2,715,837
79-99
74-.38
1872.
re-
—
ently, that
in different years
We
month.
1877.
But we should
such an active movement in progress as this rapid decres;se in stocks discloses, there is always a
very considerable amount, and much of it only temporarily, going
out of eight. Third. This correspondent also displays some Bombay shipments to magnify his increased receipts, forgetting, apparthat
Port Receipts .\nd D.^ilt Crop Movement.
tlie port movement by weeks is not accurate,
do not end on the same day of the
have consequently added to our other standing
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.
as the
total error at
—
—
Co.MP.^R.^TivE
A
receipts,
the outset of .53,710 bales out of the 113,000
bales in this correspondent's statement.
Second. The outport stocks lave also, during the same period, decreased
110,000 bales more than in the same weeks last year. This,
of course, is not all lost in the visible supply, as much of
book has
i
(the old interior ports)
with the movement to the outports to swell
for this
been 50 considerable, and the obtaining of copies from the bindery^
has been so slow, that much delay has resulted in making delivWe state this fact that those who have failed to receive
eiies.
their co iea may understand he reason for the omission.
The
earliest orders have been filled first, but, with the coming week,,
we expect to have tbe books in s fficient supply to meet all
demands.
—
defective
Vol. XXVI.
I
— the
from India on February 9 was 90 000 bales this year,
against 94,003 bales last year
on March 9, the figures were
total afloat
September
.
.
.
.
83-91
82 50
This statement shows that up to March 1 the receipts at the
were 9,645 bales more than in 1876 and 103,74(>
bales more than at the same time in 1875. By adding to the
ports this year
above
totals
March
to
1
the daily receipts since that
time,
;
154,000 bales this ytar, and 108,000 bales last year
showing a
difference of 10,000 bales in favor of last year, ins'.ead of 11,000
bales in favor of this year, as " T. B. H." states and since the
we
an exact comparison of the movement
shall be able to reach
;
for the different vears.
;
India arrivals in Europe were substantially tbe same for the two
7ear8, this gives us a deduction to be made in his figures
of 31,000 bales more. Fourth.
European spiiners have been
—
buying the last few weeks mare largely toan for the same
time a year ago. Everyone in the trade knows that t!;e invisible
Blocks are nnw on the increase.
This is true to some esent of
Great Britain, and to a much Urger extent of the Continent, and
their aggregate takings hav.^ been, during the weeks in question,
considerably in excess of last year, when European spinners
started Febiuary with 808,000 bales surplus stock?, against 43,0.0
1877-73.
1376-77.
187.V76.
1874-75.
1873-74
1872-73.
3,561,300
3,551,655
3,457,554
2,934,051
3,043,305
2,715,857
1
17,754
6,-325
7,842
8,903
Receipts Mar. 2
9,863
9.782
12.5I8
10,947
26,819
S.
4,567
12,817
14,779
12,802
14,999
17,480
Tot. last of Feb.
Receipts Mar.
S.
9,343
Receipts Mar.
3
S.
Receipts -Mar.
Receipts Mar.
4
32,985
10,411
10,928
18,9)3
6
17,175
8,531
S.
10,617
10,479
13,246
Receipts Mar. 6
Receipts Mar. 7
9,746
6,678
19,134
8,240
14,6.37
10,621
S.
8,3:3
8,722
15,9-22
S.
11,793
16,263
Receipts Mar. 8
Receipts Mar. 9
Receipts Mar. 10
12,300
6.561
15,674
13,631
S.
12,209
8,723
16,2-28
0,-387
1-2,118
19.684
S.
8,473
10,30)
9,247
10,817
13,759
19,179
8„51
16,860
maki the
Receipts Mar. 11
Receipts Mar. li
Receipts Mar. 13
proper allowance on all the poiats we have tuggested, and then
Incorporate into bis problem the Brazil and Egyptian movement,
Receipts Mar. 14
Receipts Mar. 15
bales surplus stocks the first of February this year.
If the writer of the communication in question will
which he entirely ignore?, bis difficulties will have vanished.
3. But while on this subject we will add that readers err who
ex.
pect to be able to account for every change in this or any visible
Bupply table. It is in the nature of the case impossible.
have noted above the fact that sometimes there is a very considerable amount of our own crop out of sight temporarily.
A sim-
We
ilar condition is often observable
And
in the India figures
we have
in the Continental
never,
after
imvement.
much and
close
study, been able to wholly reconcile the afliat with the week's
shipments and arrivals. These discrepancies, however, are not
large, and generally when apparent one week, lig'.it themselves
the next we only mention them therefore because we are often
written to about tome such imaginary errors, and for a reply to
;
all make this general explanation now.
Let us repeat then in
conclusion that our visible supply figures are simply a collection
of the data kept at each European port, and that they always
correctly represent thvse statements
blunders.
except
when
the
cable
S.
s.
12,3 5
15,914
11,187
8,391
S.
9,263
13,003
7,269
14,-234
8,017
17,597
7,815
11,112
13,198
1.3,99-2
6,758
11,296
S.
10,571
19,768
14,644
7,692
11,015
14,58!
S.
Total Mar. 15... 3,;52,265
3,653,380
3,616,972
3,1177,565
Per
ct.
90-60
of total pc rt receipts
86-30
12,657
2,392,528
3,218,930
88-00
79-23
84-61
This statement shows that the receipts since Sept. 1 up to
tonight are now 93,835 bales more than they were to the same
day of the month in 1877, and 135,293 bales more than they
were to the same day of the month in 1870. We add to tbe last
table the percentages of total port receipts which had been
received March 15 in each of the years named.
BCMBAY 3HIPMKNT8. According to our cable despatch received
to-day,there have been 8,000 bales shipped from Bombay to Hreat
while
Britain the past week, and 13,000 bales to the Coniinenr
the receipts at Bombay during this week have been 48,000 bales.
The movement since the 1st of January is as follows. These are
the figures of W. Nicol & Co., of Bombay, and are brought
down to Thursday, March 14
—
:
.— Shipm'ts this
Great
1978....
3,000
•K77...-. at.r-CO
.376.... 30,00)
week—,
13,0J0
^Shipments
Great
Con-
Britain, tinent.
since Jan. 1.—,
Cm-
—
Receipts.—,
This
flnce
week. Jan. 1.
.
Total.. Britain,
tinent.
Total.
79,001
114,000
10),000
131 CO:)
75,000
76,000
212.0))
48.000
IS^OOO
43,0'iO
3i!,C0a
277,000
i:8.0J0
S6,C00
25-!,00l>
21,000
-..-24,000
U,0:0 31,00)
.
MAHcn
THE
15, 1878.]
'
— Baggng
has not changed
CJis.sY BiOS. Haooiso,
Buyjllnce our last report, and there Is no demand of moiuput.
era are not disposed to buy more than they require for actual
Prlcesi
wants and are only taking small jobbing parcels.
are ruling steady, and holde s are quoting lOirnilOJc. for
Butts are al?o quiet siuce the recent lari:e
jitandard ([U'litv.
transactioDB and but little trade is doing, buyers not having the
fame views about prices as holders. The general asking Hgure
at the close is 2j((i3 lo-lGc. bu" should any lots be pressed on the
market from ship, prices would probably tall to 2Jc. cash for a
merchaulable quality, and there are buyers in market who would
take fair sized parcels at this figure.
;
New
York this week show a
Expokts op Cotton from
-decrease, as compared with la.st week, the total reaching 8,3G7
Below we give our usual
bales, against 10,150 liales last week.
York, and their
table showing the exports of cotton from
direction, for each of the last four weeks; also the total exports
and direction since Sept. 1, 1S77; and in the last column the total
Thb
New
(or the
same Deriod
of the previous year:
export* o(Cottoa( bales) from
New
WICK
LiTfirpool
Mnr.
IJ.
20.
27.
6.
10,454
7.578
15,5!.S
10,t5»
Same
Mar.
7,578
Prsucli
H&mbarg
il4,4M
The particulars of these shipmeota, arranged in oar aaoal (oriDi
are as follows
Amst'dm Rcvel&
Havre,
7,5^8
Cork,
&c.
210
N. Orlcano. 81,409
10,734
6,615
Liverpool.
New Y(rk.
Charleston, 3,7r5
Port Royal. 4,552
2,626
8.308
3,4IIC
a,5io
10,847
9,440
1,300
8,584
.
765
4,»M
.
....
1,55)
....
100
1.8il
Total. .50,833
.M,8M
....
•
Norfolk.... 5,8C8
Baltimore..
185
Boston
8,416
I.'OS
1,760
11,9««
8,8I»
1,900
5,808
I.OIS
1,841
....
13,849
8,.W;
11,
are,
n6
from
3,1C4
New
Below we give all news received
carrying cotton from United States
Bbacnschweio, steamer
from New Orleans
19,516
8,332
5,13«
114,491
Orleans, 1,219 bales to Genoa.
to date of disasters to vessels
ports, etc.:
28, 4^9
13,460
'800
841,776
4,i07
115
5,i40
431
8,3C7
8,e01
7,839
1,891
Savannah..
Texas
6,385
Wil'mg'tu
Total.
579
Mobile
.
Barce-
Breand
Cron- Gotten- lona,
men. Rot'dam. stadl. Vff.Ac. ^tc,
Shannon
819,549
179
1,141
Total
l,68t)
7,783
871
TM
6,440
1S,S6J
400
m
t,108
Llvcrprol, piT steamer Carrjbean, t»
per steamer Graf Bismarck, 794
To Kdtterdam. per bark Constance, IdO.
BosTO.y— To Llverpwl, per steamer Mastachmetta, 1,»41
To Bremen,
9,648
237,t'3
7,313
401
Llvcrpuol, per barks Minnie, 2,371..,. Francis Ileibert,
BALTiMona— To
4,(2J
1,817
871
446
4c6
year.
217.732
263
Bremen and Hanover
NoaroLK -To
13,703
4,451
10.I3S
date.
Other French ports
*¥*AtBi
period
prev'n-
7,539
SCO
861
•m
for orders, por brig Eliida, 76S
To Heval, Rus.la, per bark Wllhelm Fo»«, 1,3'»
1.80O
WiLjiiNOTos-'io Cork, Falmouth or Plymouth, for ordera, per bark
Atlantl-, 1.560
l.BW
Undeutsch, at Sonthampton, February 28,
Bremen, experienced on February 10 a violent
high fcas, during which she lost valve, ealls,
etc.
The B. arrived at Bremen February 85.
GiLSLAND, i-teamer (Br.), from New Orleans for Antwerp, which put Into St.
Michaels Febrnnrj^ 11 in distress, had landed 473 bales of cotton, and
she wi'uld be repaired as sot n as the corn was transferred.
Laplack, steamer (Br. >, at Liverpool. February 8% from New York, encountered a heavy gale on February 19; had two boats* davits, etc., washed
away, and Gilpin, master. Rilled.
Montana, steamei '.Br. I, at Liverpool, February 88, from New York, reports
having experienced very heavy w^'athor ou the passage, Itsin^ some of
the boats and other gear; vessel slightly damaged. The M. arrived
back at New York March 18.
NscKAR, steamer (Ger.), Willig?rod. from New Y. rk. February -21, for
Bremen, broke her shaft on the 4th of March and put into Falmouth on
Total
to
32
Other brilieh Porta
Total to Gt. Brltalu
271
Included in the above totals
Koric since Seot.l. 18TT
BHDIIle
Feb.
Feb.
To fork,
:
.
0HR0IS1CL15.
From
om the toregoiag it would appekr tUnt, compared with laBt
year, there bss henn a decrease of 3,000 bales In the week'e ihlpuientR from Bombay to Europe, and that the total niovemeut
«lnce January 1 showp an increaie in Bhlpmento of 23,000 bale»,
compared wita the correspondiuif period of 1877.
Etc.
:
:
gal
;
from
8W
10
(Ger.),
for
NW, with
the7tb.
(river steamboat), from Ouachita river with 910 bales coiton collided
New Orleans A. M. March 10 with the United States monitor Canonicus and sunk in a fe'v minutes. The Shannon will be a total loss. A
portion of the c argo may be saved in a badly damaged condition. The
S. was valued at Jlo.OiO and insured for $10,00 '.
Lake Superior, fhip (Br.), Stewa-t. at Liverpoo', March 4th from New York,
encountered a hurricane and was slightly damaged.
TonNADO, ship (Br.), recently on Are at New Orlean-i, is bein" discharged of
her cargo. Over 70J bales were t:tken out on March 1. At abouf !• :30
A.M. on the 7th Are broke out among the cotton on the levee which bad
ben disohirged from the T. The flames spread very rapidly, aliout 85
hales becoming ignited, but was almost immediately extinguished. In
the case of the Harbor Protection Co. v. the Tornado, in the libel suit
f.ir salvage, the Cou t has granted the application of the master to bond
the uninjured cott:n. and ordere'l the Imlance to be sold. The foUoiving
is the finding of the Consular Cwit of Inquiry in the case of the ship
TiTuado (Br.), burned Feb. 84 First, there i- no evidence to show how
the are originated; s cond, no one is criminally rcsponsihle third, the
master is in no way to blame for ths destrnction of the properly entrusted to his c»re. The finding is ha-el entirely upon ex parte eviieace.
Thetesiimony of the only witness for the Harbor Protection Company
being entirely ignored, while full weight was given to that of the ship's
master, who confessed i.norance of the methods and appliances used by
the Protector Company for extinguishing the fire.
Atlantic, ship (Ger.), .'chieriug, from Wilmington, N. C, for Queenstown,
with l,,05O bales cotton gn-.unded in the mud at a place called the Horse
Shoe, in the liver near Smithv.lle, N, C. March 9, and would bedeUined
several days uniii the next high tide.
AuotJSTE Teitje, fh p (Ger.), at Amsterdam, Feb. 80, from Wilmington, had
rudoer broken, and had lost sails, rails, etc,
B, B. t'HURCu, schr., Kelly, from Mobile for Amsterdam, rut into Key West,
Feb. 28, for a chr»nometer, the one on hoard being out of order. A new
one was expected by the next steamer from New York.
H. R. TiLTON, cchr., Birdsall, from Galveston for Havre, arrived at Philadelphia, March II, leaking 800 strokes per hoar.
at
Total to N. Europe.
831
57!)
Spaia,Oporto*QibraltarAc
8493
si 393
....
2,898
2,.193
£00
8.74J
13.150
251.853
•263,876
iJlothers
Total Spain, *e
Grand Total
11.649
8.387
Tbe following are the receipts of cotton at New York, Boston
Philadelnhiaand Baltimore for the nast week, and since Sept. 1.'77:
nw TOBK.
ci'Ts raoii
Tills
weelt.
Hew
4.0til
Savannah
3,191
Orleans..
Texafl
1
BALTUIOBB.
PHII.AI>KLP'IA
!i
;
1
Mobile
Florida
8'th Carolina
fCtb Carolina.
Virginia
Sorth'rn Ports
53 50^''
181,141
1
'>^^
14,,504(l
'tit)
8.310
85,535
895
695
5.4t4
93,861
8«
....
3 424
584
788 44,60S
17i795
....
,
914
TU
14,.393
878
953
M,l«»
885
8,565
45.1)82
1,059
1,916
159
4,90!
S38
...
1
1
75
Ac
1,557
138,4611
315
,,
Tenneseee,
Foreign..
BOSTON.
This iSincei This iSince!' This 'Since
Sept l.|iweek. Sept.l.|^ week. Sept.l. week.jSept.;
Since
8SJ
:0.8.38
n,3.55i:
90,0r5|'
8,144
H,ii6
71,510
81,475
3,!44
....
138,175
I
Total this year
17,054
691,231
Total last year.
11,391
7'>4,«56li
11.1.30 i51,075
',567
29.394,
1,891
5r,613
l,2n6
i\<>Oi
17.S8li
•i,1^4i5!:20,5ll
1
8.485
2'.0.
1891
'
'
1,787! 98,071
—
Shippiho News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
114,491 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
Thk Chronicle, last Friday. With regard to New Y'ork, we
include the manifests of all yesselg cleared up to Wednesday
night of this week.
m . ,.
,
„
„,
T^EwToRK—
To
..
,
Total bale*.
,
Liverpool, per steamers CUv of Riclimond, "74
Seiia, 1,39). ...Wisconsin, 8,852... Helvetia, 1,250
per
B. Newcomb, 1,319
To null, etc per steamer Otranto. 800
To Bremen, per steamer Mosel, 579 ....
Nsw Oblbans— To Liverpool, per sleamem Gassendi,
Al-
bark
7 <g3
,
..'
,
'tOO
570
.
2.1o6!..'.Haytiaii'
5.600.... Bom»eIa.8.S.'',l ...Scicdia, 3,510. ...per ship Riveradaie
5,018 ...per birk Perseverance. 2, ISO
21409
To Cork, per ships Situ SkoeBeld id, 5,601. ...Llewellyn J. Morse, '
4.933
10734
To Havre, per (hip Tasmanian, 4,447. ...per bark Jacqaes Goeor,
8,806
,
6 675
To Bremen, per ships Uhland. 3. yo.. .Carl, 4,0£9
'........".'.
"
To Amsterdnm, per ship Vaeni, 2.0)0
To Rotterdam, per bark Ii'ahilla BIyth, 974
"
.'
To Ketel, persUip Bona-llrjo<, 3.656. ...per birkEdslva, I,'S«0.
To Barcelona, per bark Voladoiii. 8,623
To Genoa, per bark Peppina, 1.819
Mobile— To Havre, per bark Miriam, 1,831
""
To Reval, per schooner H. L. Whiion, 1,60^
Cbablestos—To Liverpool, per barks Lucy Pope, 2,005 Upland and
33 Sea Island.,.. Warren Hiatlngs, 1,6)6 L'pland and HI Sea
Island
'.."...'."..'.'.'."'"."
To Rcval, Rnssia, per bark D Ita, 1.750nplani
To Oottenbant, per bark K )Dg Oirar. l.l.'i? Upland
To Udderwalla, Sweden, per brig Little Harry, 1 150 Upland
'
'
!
'
To
1333
go30
'974
5 416
2846
:
;
LiYBhPooL, March 1.5—4:00 P.M.— B? Cablb from LivbbPOOL.— Estimated sales of the day were 7,000 bales, of which
1,C0(1 bales were for export and speculation.
Of to-day's salea
~>,liiO bales ware Americau.
The weekly movement la given as
loUowa
Feb. 22.
Sales of the
week
bale'.
Forwarded
Sales American
of which exporters took
of which speculators took
Totalstock
of which American
Total Import of the
of
week
which American
Actual export
Amount
afloat
of which American
March
March
1.
50,000
13,000
88,000
2,000
8,000
668,000
505,000
101,000
89,000
8.000
899,000
848.000
8,
March
63,000
i 13,000
50.«0
5,000
4,000
633,000
504,000
73.000
56,000
5,000
334,000
260,000
13,
46,000
10,000
33,000
8,000
2.000
701,000
588.000
96,000
6t,000
3,000
305.000
241,000
Tba f ollowtnc
table will show the dally closing price* of cotton for the week
9pcl.
Satnr.
Mon.
Taea.
Wed.
Thnrs.
Fn.
Mid. Upl'ds... ..@6)i
..&i!>i
..aex
..®6)i
..(^6 1-16
..©8 1-16
Mid. Orl'oa
,.©(,«
at>,"i
..(as?.
..©6 S-18
..©6 5-16
..®6H
1*249
futurtt.
I'sHl
l'605
wise stated.
These sates are on the basis of Uplands,
Low Hlddling
elaase, unless other-
Satcbdat.
3 783
1750
r,l58
1,150
a pori in Spain, per hrigs Ev.a. 6)0 Upland. ...Soberano I., 870
l,plaud...Concclfer, l.COO Upland
J 810
Pout Uotal—To Liverpool, per ship Marcia Greenleaf. 4,538 Upland.
4,558
Savannah— To Bremen, per bark Arracan, 2,58) Upland
2 584
To Keval, per ship Ida, 4,585 Upland
...
'
To Cronsladt, per barks Bengal, 8,050 Upland... Lovetand,"l,3Yo 4'sJ5
Upland. ..Arrarat, I, .500 Upland
4 920
Tbiab— To Liverpool, per bark Lady Muriel May, 1,781 . ,'per '-^'. J.VjS
...per schooner H. W, Foster, 1,881
I..... 6,383
Mar, delivery, 8 l-16®l-38d.
Mar.-Apr. delivery, 6 l-38d.
Apr.-May delivery, 6 l-16d.
May-June
delivery, 6 3-32d.
June-July delivery. 6 5-38d.
Joly-Aug. delivery, 6 8-16d.
.
'
.
65,900
9,000
47,000
4,000
4,000
686,000
465,000
141,000
185,000
6,000
297,000
857,000
Sept -Oct. delivery, 6Vd.
Apr.-May tblpment, ull, 8 3-18d.
June-July delivery. Uplands, gooA
ordiuary clause,
sail, 6 3-38d.
June-July delivery, SUA.
Feb. shipment,
sail,
03-32d.
MoimAT.
Mar. delivery, 6 l-32d.
Mar.-Apr. delivery, 6 l-33d.
Apr.-May delivery, 8 l-16d,
May-Inne delivery, 6 3-S8d.
June-July delivery, 6Xd.
Jaly-Aog. delivery, 6 5-32d.
Feb.-Mar. shipment, sail, 6 3-38d.
Mar.-Apr. shipment, sail, 8Md.
8ept,-0ct. deUvery, S^d.
:
—
;
.
8
THE CHRONICLR
272
The movement
TCKSDAT.
lows
June-Jnly delivery, ejtd.
Mar. delivery, 63.
I
Apr.-May
delivery, 6 l-32d.
Jaly-Ang. delivery, 6 5 Sid.
Ang.-Sept. delivery, 6 3-16d.
I
Sept.-Oct. deiivery, 6i4d.
I
Feb.-Mar. ehipment.
Mar. delivery,
BXOSIPTa AT
Bail, 6
3-32d.
For the
week.
Apr.-May
Floor, bbia.
C. meal, "
Wheat, bus.
delivery, 6 l-3Jd.
.
I
Jnne-July delivery, 6 i-3iA.
Feb. shipment. Bail, 6 l-16d.
Apr.-May shipment, sail, 6>id.
I
Ang.-Sept. delivery, 6 3-16d.
May-Jnne delivery, 6
8-32d.
I
Corn,
Rye,
THUB8DAT.
luly-Aup. delivery, 6 3-32d.
Sept.-Oct. delivery, 6 3-16d.
Oct.-Nov. ehipment, sail, 6 316d.
Ang.-Sept. delivery, e>id.
Oct.-Nov. delivery, 6 t-lbi.
Mar. delivery, 5 Sl-3ad.
Mar.-April delivery. 5 31-38d.
Apr.-May delivery, 6d.
Mny-June delivery, B l-IZd.
Jane-July delivery, 6
l-16d.
May-Jnne
I
delivery, 6 l-85d.
Liverpool
,
Steam
,
SaU.
The
d.
d.
Xcomp
Friday... -<a!*
Sail.
c.
c.
%
>f@Vi %
K®ii \
>4@X
Xaji
H
cp.
cp.
cp.
cp.
5i
cp
}i@y,
a
cp.
hit^y.
X cp.
% cp.
%cp.
H cp.
^ cp.
X comp
X comp
X comp
X comp
MARCH
1878,
9,
- Ji
— %
- %
— Ti
- Ti
- %
At-.
Chicago...-.
Sail.
..
.-~~
Milwaukee
Toledo
c.
comp.
comp.
comp.
comp.
comp.
comp.
Detroit
Oioveland
St.Louis
a3,7.'>6
Peoria
1,425
BHE ADSTUFPS.
Fbidat.
change
1877.
For the
5S1,478
4S,3IC
8,199,619
3,173,781
369,^49
681,659
41,091
1-2,760
Since
Jan. 1.
week.
6,469
74,188
539,0;5
61,169
841,140
43,760
1,487,930
3,417,8!.»
827,558
95,886
33,148
4,795
and the move-
p. M.,
March.
15, 1878.
Holders
in the flour market.
THB WRRK RNDIhO
MARCH 9, AND FROM
TO MARCH 9.
DEC. 31 TO
1
Com,
Wheat,
bnsb.
Oats,
bnsh.
(66 lbs.)
(38 lbs.)
hush.
(60 lbs.)
295,439
306.570
54,716
61,658
8,800
117,841
20,103
240,907
14,500
917,023
13.250
3^,824
3,378
10.660
2\3,315
212,000
Rye.
bush.
Barley,
bush.
(48 lbs.) (56 lbs.)
67,701
6,646
19,-57
4,800
6,134
8.711
3,609
4,9,0
39,141
30.850
7,175
442
400
23.091
12.150
17,747
13,100
.
Total
little
716.410
397,001
29,450
63,060
3,244
,
Dnlnth
Previousweek
There has been but
FROM
bbls.
(196 lbs.)
42,231
43,359
1.050
5.865
1,900
~
:
Steam.
c.
cp.
49,0;
3,00s
,
Since
Jan. 1.
followin(r tables show the Grain in sight
to the latest mail dates:
AUG.
r-Hamb
.
H
.
week.
•?17.1:i7
1,5C2,.550
Flour,
ae toUows
— Havre.—, — Bremen.-^
c.
Xomp
-&H
Monday. -ax
Taesday. -®T^
Wed'day. -@«
Thnr'dy.. -®V
Saturday
.
For the
1877.
«KCRIPTg AT LAKE AND BIVER PORTS FOR
6 1-lSd.
6 3-32d.
Steam. BaU. Steata.
,
.
1878.
.
time
630,^8(
51.552
475,753
2.926.454
106,£03
72,C87
8:i»,l'i7
38,735
3,187
6f!,7!0 8,903,796
3S8.492 3,460,957
64.1 iO
314,723
»1S4,060 '1,373.507
13S,9«9 1,098,902
Sept.-Oct. delivery, 6 3-16d.
I
week have beeo
Cotton freights the past
fail,
Apr.-May shipment, sail,
Apr.-May delivery, 6d.
I
.
Same
,
Since
Jan. 1.
ment of Breadstuffs
Mar.-April shipment,
Mar. de'ivery, 5 3I-32d.
fol-
XXPOBTB TBOM KBW TOBK.—.^
.,
* Including malt.
Fbidat.
June-July delivery, 6 l-16d.
Jnly-Ang. delivery, 6 3-33d.
"
"
Barley. "
Oate ..."
mW lOBK
1878.
.
6d.
breadstuSsat this market has been as
In
:
Wbdnesdat.
iTaly-Aug. delivery, 6 5-32d.
[Vol. XXVI.
of low grades have remained quite firm, but bids, as a rule, have
For lines of common shipping extras buyers and
ware 15@20c. per bbl. apart, and this fact necessarily
checked business. The home demand has been slow, and sup
Yesterday, the market strengtliplies are liberal at all points.
ened up a little, on the report of new diplomatic differences
between Russia and England and today the lower grades nere
more firmly held, but business was dull. Corn meal was active.
The wheat market gradually gained strength, and some
iiaprovement in prices is established towards the close, though
the demand has not at any time been active, and supplies have
continued liberal at all points. Late transactions on the spot
include No. 2 Milwaukee at |1 25; No. 1 Spring at $1 39@1 30
No. 2 red Winter, f I 32}@1 38J No. 1 amber, |1 35^®! 36 No!
1 white, $1 36i@l 87, and choice white Michigan and State at
$1 40@1 41. Receipts at the Western markets continue large_
but there is no accumulation of stocks. Sales ior future delivery
are about at spot prices, except for April, which is a fraction
dearer.
To day, the market was higher, but quiet. No. 2
Spring sold at $1 34i for March and April $1 23 bid for No. 2
Milwaukee on the spot.
Indian corn has been in good demand and prices have slightly
improved, with late transactions at 55ic. for new No. 2 mixed,
52-J@53c. for steamer do., and 51@51ic. for No. 2. Other qualities
of corn are more or less nominal, as they are in such limited
supply that only occasional sales are made. The business in
futures has been moderate for the next three months, at about
spot prices, but April brought a fraction more. Receipts at the
Western ports continue pretty full. To-day, the market was
firmer: new mixed on the spot, 56e. for No. 2, 53f@54c. for
steamer, and .^2@52Jc. for No. 3 and No. 2 so'd at 5()C. for May.
Rye has been drooping and sold pretty freely yesterday at
71c. for No. 3 Western and 70c. for No. 1 State.
Barley has
further declined under a pressure to close out stocks.
Western
feeding sold for export at 4Gc. and good two-rowed State (or
mailing at 62c. A load of Canada peas in bond sold at 84e.
Oats have slightly improved on an increased demand from the
trade, closing strong, with No. 3 graded quoted at 35@35ic. for
mixed and 37c. for white.
not improved.
13!,5?5
8')6,168
1,448,460
835,953
138,133
46,410
121,990
E84,063
1,063,570
961,695
1,231,»18
324,43!
230,56s
365.941
143,852
67,031
95,915
39,121
26.967
81.664
3,431,Oil l,728,6fi9
2,573.719 1,204,199
3,3 0,0211,651,801
3.021,414
998,270
525,949
442,495
262,661
261,886
Corre8p'ngweek,'77.
6.5,6IS
19), .-gO
•76..
92,478
716,038
Tot Dec.3l to Mar. 9. 1,116,309 10,370,693
Bametlmel877
781.428 3,2.j8,03l
9.)7.5i3
7,1G9.2;3
Same time 1876
779,588 7,436,3.V2
8ametimel875
54.3W.984
ToLAug. 1 to Mar. 3,3,883,703
Same time 1377. .. 3,437, r.O 32.651,016
.
Same time
Same time
1876
1875
..
9,974,412
11,800.430
11.8.19,723
8,933,382
45.0ii4.03S 15.812.598 8,217,629 2,502.766
50,600,331 13,«19.5ft) 7,26^S49 2,299.'-79
3,2ii3,446 47,011,939 32,8.38,ll!0 18.022,793 6.341,399 1,492,741
3,319,366 42,868,293 88,161,972 14,918,171 4,925,473 1,03.3,507
sellers
;
;
;
;
;
The foliowing
are closing quotations
Floub.
No. 3
Saper&ne State
&
OBAia.
«_bbl. |2
50a
3 50
25S
toa
4 15
4
6
853
S 55
5
6
5
00®
00a
0O2
West-
ern
3xtra State, Ac
Western Spring Wheal
extras
doXXandXXX
dowinterX and XX..
do Minnesota patents..
City shipping extras.
City trade and family
4
4
5 752 6 75
5 203 5 60
3 40.a 3 85
2 SCQ 2 85
3 103 3 15
Oornmeal— Western, Ac.
Corn meal— Br'wlse, Ac.
153
1
1
i
1
...
Hye
Oats— Mixed
White
Barley— Canada West...
6 50
State, 2-rowed
State, 4-rowed
Barley
1
Si®
30a
303
32a
1
50
27
33
36
1
-38
1
1
1
1333 142
Tellovf Western, old
Southern, yellow, new.
6 60
8 00
6 00
6
flour, superflne
Red Winter
Amber do
White
Cora— Wesfn mixed
352.6 50
brands
Southern bakera^ and fa-
Rye
No.Ssprlng
»o.l»yting
5 SO
rmllyhrands
Sonthernshipp'gextras..
Wheat—No.3Bpring,bneh$t I6a
Malt—State ....
48a
66
5(a
68a
34a
353
77®
67a
67®
6J3
66>tf
©
....
75
36
42
90
63
7J
85
Canadian
100(3 110
Peas-Canada.bond&free
B3a 1 00
AND GRAIN FROM WESTERN LAKE AND
BIVER PORTS FROM DEC. 31 TO MARCH 9.
SaiPiTENTB OF FLOUR
Flour,
bbls.
Tot.
Dec
31 to Mar.3 1,117.539
719.095
time 1377
time 1876
1,013,185
Same
Same
Same time
1675
713,188
Wh"at,
bush.
Corn
Oats,
bush.
bush.
6.715,527
5,763,067
2,028,673
3.0.;;, 1 -.7
7.9.58,516
5,876,570
2,296,203
3,736.109*
4,171,5:18
1.418,317
1,472.2(15
5C0,'«08
Rye
Barley,
bush.
932,994
644.322
653.388
150,034
bush.
282,852
!f8,352
162,87»
RAIL SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
AND RIVER PORTS.
Flour.
Wheat.
bbls.
1»78..14<,767
Week eniiirg War. 10, 1877.. 6.3,759
Week ending Mar. 12, 1816.. 95.(59
Weekending .Mar, 13. 1S73.. 93,749
756,506
110,292
395,347
Weekfending Mar.
Corn.
bush.
bush.
9,
2;3,2t)5
Oats.
bush.
1,166,284
6i8,93)
1,152.745
303, l;7
Barley.
bu^h.
249,410 119,689
172,;h1 76,603
868,541 75,13'
175,547 58,058
Rye
bush,
53,988
32,481
20,242
12,620
RBCBIFT8 OF FLOUB AND GRAIN AT SEABOARD PORTS FOB THB
WEEK ENDED MAR. 9, 1878, AND FROM DEC. 31 TO MAR. 9.
Flour,
At
bbls.
27,732
85,648
100
8,079
22.380
19,255
11,277
New York
Boston
Portland
KDntreal
Philadelphia
Baltimore
NewOrleana
Total
114,721
136,365
117.613
Previousweek
Oor. week'77
Wheat,
buth.
636,850
16,400
....
800
Cora,
bush.
bush.
421.770
95.800
5,000
134,949
42,801
1,000
....
.1,275,891
1,711,730
1,48:,672
Bariey,
bush.
157,300
5.300
Rye,
bush.
87,':08
1,800
....
78,200
105,600
6,022
355,:0O
62i,700
869,118
S8.00O
10,000
30,01*
8,000
8S4,772
1,777,068
1,451,895
8,251,314
246,295
276,841
291,020
170,600
811,780
64,385
164,662
91,156
£..375,2S9 1,509,516
703,t^22
2,612,905
2,-J5,589 1,312,738
^,795,012
450,212
454,588
225,790
58,470
41,920
l,6.j3,182
69,3i)2
Dec. SI 10 March 9.. 1,-579.379 12,682,975 16,916.908
Same lime 1877
Same time 1876
»ametlmel875
Oats,
1,319,987 13,J39,923
3,372,290 14,651,083
2,963,930 11, 18I,1C0
....
....
1,700
1,600
72,654
41,658
The Visible Hupplt of Ubain, comprising the stociis in
granary at the principal points of accumulation at lake and
seaboard ports, and in transit by rail, Maicli 9, 1873, was as
follows
Wheat,
:
bnsh.
New York
1,639..371
In store at
3.800
In store at Albany
496,824
In store at Buffalo.;
[n store at Chicago and afloat. 1,653,683
653,876
In store at Milwaukee
80,493
In store at Dnluth
815,312
store
at
Toledo
tn
181,515
In store at Detroit
Instore at
Oswego*..
In store at St. Louis
In store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia
In store at Peoria
In store at Indianapolis.
In store at Kansas City*.
In store at Bultlmoro
Rail shipments, week
York
Kst. afloat in
Now
Total
Mar. 3,1878
Feb. 23. 13:8
Feb. 16, 1878
Feb. 9. 1878
Jan. 86, 1878
Jan.
19, 1878
March 10, 1877
• Kstlmated.
...
SOO.uOO
163,434
30.496
516.8C1
396,095
56,378
3,988
16,480
69,10)
415.553
756,604
375,000
Cora,
bush.
Oats,
bush.
420,451
1,090.897
112,600
64.900
389,601
31,417
38..300
186,266
737,520
5,774
....
242,274
3.201
165,000
343,596
291,103
....
124,633
427,156
46,312
53,785
....
1.35,424
29.662
IS.COO
19,971
120,115
10,980
10,102
Barley,
bush.
660,;45
264,300
135,611
660,878
433,719
....
7,600
318.000
45,725
13,000
199,651
44,916
4,115
9,000
34,761
8,739
1,144
,...
7,932
3,500
616
600
....
....
1,189,284
190,000
249,410
380,000
112,689
450,000
8.211,018 6,433,182
8,643.262 .5,311,8)9
8,595,422 5,527,841
9,285.489 4,635,847
9,6P1,292 6.109,408
10.263,974 t,617,433
10,190,018 f.,529,670
10,511,663 11,920,020
8,655.311
3,342.933
2,172,578
3,415,211
4%000
Rye,
bush.
114.260
90,803
26,493
170,585
16,392
8,036
1,091
3,030
941,236
2,84,5,722
8,913,733
2,931,715
3,297,716
3,476,473
8,27.^,296
3,012.211
3,7:35,914
4,184,476
4,622,630
4,540,812
3,163,414
53,9
.581,864
629.098
668,611
719,812
786,296
754,598
u9l,HJ
MAHcn
10,
THE CHRONICLE.
1878.J
273
•>r Leading Articles n-om New York.
lollowing table, compiled trom Custom House returns,
shows (he exports of leading articles from the nortof New York
to all the principal foreign countries since Jan. 1. 1878, the
totals for the last week, and also the totals since Jan. 1,1878
and 1877. The last two lines (how lotai value*, including th«
value of all other articles besides those mentioned In the tabla.
Kxporta
THE DRY GOODS TRADE.
The
Kridat. p. M.. March
15, H>78.
OpttraiioDS on the part of ptckat^e buyers continued light dur-
ing the past weuk, and the volume of business was disappointing to manufacturers' agents and importers alike. The jobbing
more active, owing to the arrival of a good
the market, and department goods were distributed by some of the leading boui<es to a fair aggregate amount;
trade was a
trifle
many buyers
in
but ilom«8tic8, prints and woolens remained quiet for the time
Amenta' prices for domestic cotton goods were fairly
steady aside from print clothp, which had a dn oping tendency,
of year.
which continued unsettled. Foreign goods ruled
quiet in first Lands, and considerable quantities of silks, dress
goods, millinery goods, &c., sought an outlet through the auclion rooms, where very low prices were realized in some cases.
Domestic Cottok Goods.— Only 536 packages of domestics
were exported from this port during the week ending March 12,
Including 175 packages to Venezuela, 159 to United States of
and
o
««
.-,
.-"
«
prints,
« Jj;
4
O O „, .y
wo O'W i50*
-
t,.!0
O
SO^-O
.^* CO 3»
'/•
33« O TO O ^ ^ *<0 Ci ^
.*^
<oV
of
3^"" ='-
Colombia, 64 to Cisplatine Republic, 63 to Great Britain, etc.
Brown sheeliogs and drills were in moderate request and fairly
steady, but outside makes of bleached cottons continued dull and
depressed.
Denims, dyed ducks and tickings were placed in
moderate lots to a fair aggregate, and remained firm at un-
«Sg2
i
^
M
:
.
^f
O*
flO
S
•35
•
lO
CO
•
A o ^«
^
•
si•
'
changed quotations.
Cheviots and cottonades were in limited
request, but corset jeans met with considerable sales. Cotton
yarns and warps were in fair demand, with most relative activity
'
aS
^"9
•
•
-s
]
numbers of yarns, which are in meagre supply. Print
cloths were quiet and a trifle lower, on the basis of 3 7- 16c., cash,
to 3}c., 80 days, for extra 61x64 (, and SJs., 30 days, for 56x60s.
Prints were quiet for the time of year and some additional makes
were reduc d in price, but ginghams and cotton dress goods were
in fine
IS"
—
-^s
Sf i)
*"•
^ 4- ^ 3d
00
-.i:
i-f
2 -
i
^
«
f*
^
2
-•.",
^
It
8S
-'S
S:S:::"i
'CO
»o
•
*«
*
I
.
iili ;2gS
:S
:
:5
:3
:
.
Is
:
S!33
OT91
t4
'
S3
in fair request.
Domestic Woolen Goods.— There was a light and uusatisfacmovement in men's-wear woolens fr-om agents' hands, and
the jobbing trade was by no means active.
Light-weight cassimeres dragged even when offered at a marked concession from
te«O:^0
tory
nominal holding rates, and transactions in he»vy cassimeres were
mostly restricted to the purchase of small lots of low-priced
goods.
Worsted coatings were in limited demand, and there was
only a moderate inquiry for overcoatings by the early clothing
trade.
Cloths and doeskins ruled quiet, and cheviot suitings
were lightly dealt in. Kentucky jeans moved slowly.and satinets
were dull. Worsted dres§ goods were taken in moderate parcels
to a fair aggregate, but shawls remained inactive in agents'
hands, and carpets were devoid of animation.
Foreign Dry Goods.— The jobbing trade in foreign goods
«xhibitej some improvement, but business was, as a rule, unsatisfactory to importers.
Black silks were in fair request, and dress
goods were moderately active with jobbers. Millinery satins
were in good demand, and ribbons continued in steady request
Linen and white goods, embroideries and laces, were sluggish in
first
hands, but jobbers' sales reached a fair aggregate.
•
'O'-O
®
— v^Qpr- *^
-Is.
.o>
O
ja
•
53
">
IS*
o
<7*0
.rO
CO
t«
*tO
•'-'
•
— to « <• c» f
•
n
OB**
g«
.
•
J
.
'
'•
:S
:
133 ::
—
:
*d:
.::::
a 3
:
eo^
•*
1
:
:
:
:
:a
:
:
:*
:
;g
:
:
.
.
.
:
.
o.r
,
.
:
:E
:
«o
^^^
:
:
_
.
:•«
3.«
Men's-
wear woolens continued dull. Canton mattings were active, and
Urge lines of these goods were offered at auction with fairly
satisfactory results.
Iinportallaiiit or Drr Uooita.
The importations ol dry goods at this port (or the week ending
Mar. 14, la78, and for the corresponding weeks of 1877 and
1ST6, have been as follows
;
MTCBED rOB OOSSUMPTIOH FOB TBB WBBK BHDIHe
187()
.
.
Pke». Value.
„
Muafactniet
of wool
609
do
cotton.. l,i:2
do
silk
62S
do
daz
l,09ti
.
M seellaoeoDB dry goods. 5,8J7
|3i7
MAR. U,
1871
.
Pkes.
.
Valne.
Pkce.
Valnp,
6(16
079
t->80,J5«
741
tSO-J.kSS
1,118
1,064
35«,U0S
410,563
647
BIS
400,.'i3^
2M,50U
1.149
3,975
351.151
518,690
859,541
1,021
2,879
2if>,48S
150,1,41
150,74,1
|i"
"
5,9.J6 $1,455, '.ai
7,503 $1,555,395
8,310 $1,440,157
WlTBDBAWH rSOK WABBBOU8B AND THKOWN lUTO TBB BABKBT ODBnJe
TBI
5
60!
»ffid,974
111,9 U
4S0
240
i:0,008
140,188
52,808
114
467
788
J7Jl,b79
2,033
1,45.5,188
7,5M
1,555,,336
10,106 J2,179,007
9,631
$2,011,157
Htacellancoas dry goods,
Total
4,170
5,933
Addeut'dforcoasnmpl'D
Total thrownni/on m'k't
541
153
465
2,403
BMTIBBD FOB WABBBODSma
Uanafactares of wool
do
^o
,
. . .
cotton..
silk
a»x
?.0
„.
Haceilaneonsdry goods.
.,7<"»1,
189
927
1,'01
;,130 ICl
2 14,'693
281.581
224,512
.37 176
64.3«7
115,181
93,679
33,353
J489.072
° 5
las* loco
1
-^-T
»
•Vcf ••-:
•
-eft-'
"^
o oio
•
OO
x-w
253
214
493
257
128
477
1S9
$119,rfl5
138
63,007
110.475
589
118,28.1
7,266
70,M7
S,49J
6,329
J482,,T>4
$193,199
251
79,071
150,168
95,001
41,475
243
1,519
7,568
1,555,3:5
tt the port. 10,013 $2,431,551
9,037
12,087,600
$582,215
111
SIS
14,841
15,964
6,819
c Wo o
.
•
•
tS«
3
«g-
•
,
.
•
..-tao».3.«^ .t-a6oD^«_ ccoo
t-
.
g
*
qr*
.
la 0«
tfi 3:
O
>^ ^M
''-"-'Ij'
35**
..<-.•.'»>--•, •35.
^
_;•_;
^
^
•
•
•—
*?
3
55
W — CO
0t
iF->
C4
•
.
.
«o
•
••««•••
gs a
2
n s
g
t-e-
1,440,157
I4,8U $1,928,511
naBIBa SAKS PBBIOD.
4,107 $1,088,423
5,988
l,45%188
^ddent'dforconsampt'E
ToUl entered
869
621
»18J,543
,
cot-
•A»B PBBIOO,
Msanfactaresor wool
do
cotton..
do
8.1k
do
flax
^S
:
:
.
Total
2
:
ISIS.
834.'oo«
110,395
:
X
1878
,
:S
897,953
68,319
89,733
97.529
107,117
$451,631
1,410,157
^.883 $I,8M,8i8
11.
^
:
i
mm
i
'
:
i
'•
i
'.
i
-o-
it
•
•
i
I
:
;
*
^3
.
:
is^
:£:
r
:
:rf:
:
1
u«o
i2 i•.•:•••!: g
.
:
:
r
:
.
=
i
:
:
:
:
•
:i!
I
"
:
S
:
?
igg^
33
a
THE CHilONloLE
274
PBTKOLEOM-
(JENERAL
A8HK8-
BBKADsrOFFS— See8Decl»lreport.
BUILDING MATERIALS—
Bricks— Common Uard, afloat. .f M
a
uU m
Croton
23 Ou (3
Philadelphia
15 a
^ bbl.
C«me;j!— Koscnclale
80
* bbl.
iime— Kockland, common
a
Rockland, flnlihine
iumfter— Plne.g'dto ex.dry.^ M It. 46 00 ®
IB 00 ®
Pine, shlDpluK- box
25
com.togM.'iach.
&
So tally boards.
„. OO
M.it. 3>
„ ®
Oak
00 »
Ash, goo 1
a 75
''
1
3',
SO 00
1)0
1
w
1
n
»
'6
Hemlock boards, each
* M.ft.
Maple
Jfaite— iu®60a.ctm.fen.& sb.* keg
Clinch, 13< to 31n.&longer
SdAne
Outsplkes.allslzes
f oinls— Ld..wh.Am.Dnre. In oil
Lead, wn. Amer., pure dry
21nc, wh.,Amer. dry. No. 1
Zlncwh.. Amer.,No.I,lnoll
m
a
V
27
70 IHI
ti 00
IS
40 ou
S3 00
@100 00
28
'*
Black walnut
Aorace boards* planks, each
6 25
fi
a
®-
30 DO
25
1
IS
35 00
2 60
5 25
35
2 Si
4
»
3
,
a
a
5
6
FarUwIilte. E=i.,gold...,f 100 ».
BOTTER—JV««>— (Wholesale Prices)—
a
10
1
6
9
1 75
.-.
39
20
aj
23
,
CHBBSK—
?)»
State tactory, fair to Choice
Western factory, good to prime.. '
a
10
X-H
12H
10X»
COAL—
Llverpoolgat cannel
Liverpool houspcannel
003
10
00
II
* »
Ilka
aio, ord.car.60and9Cdaye.gld.*ft
gold. •
do
do fair,
gold.
do
do good,
gold. "
do prime, do
gold. "
Java, mats
gold. "
NatlveUeylon
Bt.
..
gold
Domingo
COBtaRlca
COPPKKBolts
•
•
9heathing,new (overlS OS;
16K
r-k
a
23
18,K
IS
17
19
i6xa
19X
....a
28
26
23
17«»
17Ji
» »•
Braziers' (over 16 oz.)
American Ingot, Lake
per SOlb.frall
—a
3 10
179
a
•
Currants, new
Citron, new
'*
do
A
off
Yellow C
Other Yellow
150
190
c;,'
Amerlcan XX
American, Nob. &
American, Combing
1
Canton GInge-.wh.&hf.pots.* case.
Baraines, ¥i half box
Saralne*, ^ quarter box
4X«
8 a
50 a
6
10
17
a
13
rigs,Iayer
W»
»
BOO
13
12X®
14
iv.a
1
4
4X
@
6>ia
8
6
a
a
a
®
a
a
a
10
5
10
25
a
a
a
19 CO
18 00
S>^9
.
9
33
12
15
Vnonleberrles
II
Pig, American, No. 1
Fig, American, ho. I!
Pig, American, Forge
Fig, scotch
V
,
.
It.
7
•
a
a
7
<a
20
21 6
7
7
American
2 IX
25 u
Now
ton.
13 fO
17 1)0
16 liO
28 50
@
*
ton, car.
S'i
00
45
I'O
MOLASSES—
Cnba,clayed
»
Cuba, Mus.,refln.gr'ds,50te8l.
do grocery grades.
do
Barbadoes
Demerara
Porto Klco
H. O., com. to I'rime
gal
"
33
"
"
6
431
ket prices in lots
3
of the
'
26
lowNo. 2 togood No.8 "
low pale to extra pale.. '*
"
wlndowglass
OILS—
Cotton seed, crnde
Olive, in casks V gall
Linseed, casts and bblB
Menhaden, oude Sound
Neatstoot.No.l to extra
Whale, bleacl ed winter
Wbale, crude Northern
Sperm, crude
Bperm, bleached winter
Lkrdoll. No>. t and j
V gal.
"
"
ALFRED PARMELE,
33 Pine
Co.,
Macnfactaiers and Dealers la
10
a 2s:h
-THE FARMERS' LOAN & TRUST COMPANY,
plaintiff, against THE ERIE RAILWAY CO.MPANV
.oNu OTHERS, defendants.— By
suant to a judgment and decree
And all kinds of
OlTOiS CANVAt,, FELTING DUCK, CAR COVER
UiG, BAGGING, RAVENS DECK, SAIL TWINES
*C. " ONTARIO" SEAMLESS BAGS,
57H»
75
(5
2
51'
5 10
a
a
a
a
a
a
60 a
42 a
60 a
60 a
^•*
d
1
"
"
,
1
Ov)
....a
43
a
6JX
i 10
1 7(fl(
4 25^
5 50
STRIPES."
t7nlt«d State* Banting Company.
A full supply all Widths and Colors always In stock.
No. 109 Daane Street.
.
Bro.
Lake Erie, and the railway known
astheNcwburg Branch, from Newburg to the main
I
laiLTTARD'S
HELIX .NEEDLES.
400 BROADWAY, NEW TORE.
E.R.Mudge,Sawyer&Co
Wasiiinstou niiiinj ciiicopee :nre Co.,
Burlington Woolen Co.,
Ellerton TSew .miU,
Atlantic Cotton mills,
Saratoga Victory JTIfg Co.,
AKD
Hoklerjr. Stalrt* and Dranrers
From Various Mills.
BOSTON,
YORK.
15 Chadsost
White Stri«t.
PHILADELPHIA,
DAYTOK.
Chubtkpt
Strbht.
W.
230
NKW
ft 45
J
Olyphant &
St.
Co.,
COMMISSION MERCHANTS,
41
1 05
virtue of and purof foreclosure and
rendered and entered at a SpeclMl Term of the
said Supreme Court In the above-entitled action, on
the seventh day of November, A. IJ. IS!', I, George
TIckuor Curtis, Referee, appointed tnerein te sell all
and Blngukiifcv^ie mort)!aged premises, francblseff
and property, both real, personal and mixed, mentioned in the complaint In this acllon anil mensloned In
the said Judgment and decree, being the same mortfaged, or Intended so to be, to the plaintiff, the
armers' Loan & Tru't Company, by a mortgage bearing date on the f o rth day of February, A I). 1S74, do
hereby give notice that on the tweniy-llflh day of
March, In the year 1^73, at 13 o'clock noon, at the
Merchants' Exchange Salesroom, No. Ill Broadway,
in the City of New York, by Bernard Smyth, Auctioneer, 1 shall proceed to sell and shall sell at public
auction, to the highest bidder, for cash, the foUowini?
described property: All and singular the railways of
the said company, from and Including Plermont on the
Hudson hiver to and Including the final terminus of
sale,
a:so. Agents
....
2 23
30)ie
1
"
"
a
1
1
street.
22d street.
RAILAVAY.-FORECLOSURE
ERIE
SALE.— Suitreine Court of the State of New York.
COTTONSAILDUCK
AGKNTS FOR
2 25
2 37X4
••
"
36 CO
47 00
35
12Ha
lowest marall kinds
Also,
supplied.
Yard— 537 West
&
suit purclia«ers.
ANTHRACITE COALS,
The Trade
17 00
35 50
a
a
a
2
ti)
Orrell,
in yard, for sale at
befct
BrinckerhofF, Turner
George A. Clark
Co.,
the said railway on
KomlLal.
Komlnal.
Komimjl,
HAVAL BTORK8-
* bbl.
Tar, Washington
"
Tar, Wilmington
",
Pitch, city
...»(ral.
Spirits turpentine
KOBin, strained to goodstrd.* bbl.
••
low No. 1 to good No. 1 "
a
a
landing and
4
Commercial Cards.
AWNING
&
Liverpool Orrell,
BAIL.rt.
.d.
...@'a CP.
20
3 6
&
2.634.
English Cannel,
IS
3
bbl.
BOSTON.
Box
No. 11 Old Slip, Neiv York.
The jODOing Trade ONLY Supplied
Store Prices,
Ralls, American
Steel rails, American
"
— BTBAH.
.
V
Parker,
OP
10
27
27
23
23
gold.
tor.
Heavy goods,
Com,b'lk & bgs. » hn.
Wheat, biilKS bags..
V tee.
Beet
»hhl
poik
N. Y.
SODA.
14
s.
St.,
SVPER-CARBOJVATE
20
18
9. d.
T
MANUFACTURERS OF
....a
unwaBhea
* a.
Watei!
John Dwight
16
16
12
Bar, Swedes,ordlnary sizes. .V ton. ISO 00 ai32 50
* lb. 2 :-lCa
5
Scroll
5 a 2 £-10
Hoop, Kx.No.22tOl&;Mx.l3&:4 ••
goldVm
l(iKa
11
Bheet.Ruesla
4
3Xa
Sheet, single, double 4 treble, com,
••
7
report under Cotton.
IRO^-•
••
a
?4
32
46
2
lcLlV«BPOOL:
N.
8c
Je.. 106
Post OfBcc
7)^a
Interior
•
UH®
5
6
a
California. Spring Clip-
Cotton
Flour
St.,
COMMISSION MERCHANT,
No. 1, Pulled
19i<a
* lb
Macaroni, Italian
Domestic Dried—
Apple?, Srathetn.sllcei
quarters
do
do
state, sliced, new
do
do quarters, new
do
Peachep,pared,'ia g'Jtoch'je ne»)
unparel. halves and qrt.
do
Blackberries, bags and bbls. (new).
Easpberrles
Cherrlep, dry mixed and new wet...
Plums, S'ate
».
»»
FRBIGHTB—
.In.,
Water
Hong Kong.
Office,
W. POMEROY
Extra, Pulled
Superior,
Fair
105
'•a
6
"
WOOL-
W. PO.MEROY
Charles E.
TALLO^V*>
S.
Represented by
fyi
15
Ojia
Ba-.cs
Head
S.
7i<a
**
Priraeclty
Out-of-town
Represented by
)
14 Exchange Place,
8
"
..
Molasses Bugars
Street.
Shanghai
Banking Corporation,
7*a
5 a
6xa
7xa
6%a
9X*
9xa
10 e
I a
"
"
"
"
•
)
FORBES, }
Hong Kong
1%
'<%
7V
7i<a
*'
WhiteextraC
3 20
45^8
Prunes, Turkish (new)
French
do
GUKSIES.— See
If
Boston Agency,
J. MUKR.'iY
oO Centual
8%
'H'3t
"
Coffee, A. standard
COTTON— See special report.
PRUIT^
B»l»l3S,8eeaieM
do Layer. new
do Loose, new
do Valentla.new
AND SHIP AGKNTS,
Canton, Ainoy, Foochoiv,
Shanghai and Hankow, China.
7*25
7X4
7X»
7xa
.
15
19
a
16
S
"
Porto Rico, refln fair to prime •'
Boxes, cayed, Sos. 10@12
'•
Ceatrlfugal, Nos. 7®13.
"
Melado
"
Manllfl, sup.and ex. sup
**
Batavla. Nos. l'.'@12
'•
Brazil, Nob. 9®11
"
crushed
/?»/!)!ffi— Hard,
.
16X
,i
i4xa
"
5i)
%
Prime
.-if*
(8
16
gold.
gold.
KOlJ.
16
a
16HS
15H»
l^Ha
gold.
gold.
Bavanilla
a
....a
21
17
"
gold.
Mexican
Jamaica
Maracaibo
Laguayra
...
16 10
16
....It
8
Inferior to common .•eflnlog..,.^ "lb.
F.lr
*'
Good refining
"
Hard,powdered
do granulatel
do cutloaf
Co.,
MERCHANTS
OM MISSION
Hong Kong,
50
18
sr/GAR-
Smyrna. unwaBhed
.
a
I'J
i.'O
"
Lard, City steam,...
COFFEK-
.
C
a
"
Burry
South Am. Merino, unwashed
Cape Good Hope, unwashed
Texas, fine. Eastern
Tesas, medium. Eastern
,„, ^„
U
"
,
.
12 50a '3 OO
...
following win show prices at
last auction or present schedule rates:
D.&H. P.itR. L.*W,
Pein. D.L.&W.
Scticd.
Sched.
Auction.
Sched.
'VVeehawPort
Weehaw- Feb. 21.
John^t'n.
ken.
Hoboken.
ken.
|3 23®|...
Bt'mb. |3 35 t3liT<@3 12X »3 25
S 25a3 50
3 25
3 1i;h
Grate... 3 25
3 35®1 50
3 3i
s 15 ®3 nx
Egg .... 3 35
3 75
3 75@i 8)
3 55
3 75
Btove.
i 25®3 35
3 50
3 00
Ch'nut.. 3 50
ANTHBACiTE— The
s 50
&
Russell
t
a
'•
"
'•
FxtraCdo
Dairies. pallSig'ti to choice State "#».
Weet'n fact'y, tubs, e'd to ch'ce "
H'l firk. tubs, State, f'r to prime "
Welsh tubs. State, com. to p'me "
.
bbl. 10 25
**
Beef h&Tiis, Western
Bacon, City long clear
Uams. smoked
16H
IIX
e\a
"
V
Pork, mess, spot
Pork, extra primt, new
Fork, prime raesF, West
B'iel, family mess
Beef, extra mess, oew
Commercial Cards.
V4
\i%lt
"
PKOVISIOKS—
iH»
f ».
Pot.trstscit
* gaL
Crude, In bulk
Cases
Refined
Naphtha, City, bbls
PKICE3 CURiiENT
XXVI.
[Vol.
line ; and also all that part of the railway designated
as the BuBalo Branch of the Erie Railway, extending
from HornellBvIUe to Attica, In the State of Sew
York ; and also all other railways belonging to the
company in the States of New York, Pennsylvania and
New Jersey,or any of them, together with all the lands,
tracks, lines, rails, bridges, ways, buildings, piers,
wharves, structures, erectlouB, fences, walls, fl.xtures,
franchises, privileges and rights of the said company ; and also all the locomotives, engines, tenders,
cars, carriages, tools, maclilneiy, manutacturcd or
unmanufactured materials, coal, wood and supplies
of every kind belonging or appertalnii g to the tald
company; and
10
61
43
W)
61
E5
05
1 20
S6
1
Hong Kong,
Staanghai, Foochoiv
A
Canton, China.
ItlFBXeENTXD BT
OLVFHANT
dc
Co., of China,
104 Wall
St.,
New York.
lolls.
Income,
l.-sues
judgment mentioned.
Given under my hand
and
at the City of New
twenty-first day of .lanuary, A. I). 1878.
GIJOHGE TicKkoR CUIiTIS,
TCENEE, Lee & McCluke,
Plaintiff's Attorneys,
30 Nassau street.
4S
1
all
profits
arising out of said property, and all rights to receive
or recover the same; also all the estaie, right, title
and Interest, terms and remainder of terms, fmnchlses. privileges and rights of action of whatsoever
name or nature, In law or in equity, conveyed or assigned unto the New York & Erie i ailroad Company,
or unto the Erie liailway Company, by the Union
Railroad Compauy, by the BulTalo New^ork is Erie
Railroad Company, by the Buffalo Bradford & Pittsburg Railroad Company, by the hochester & Genetee
Valley Railroad Company and by the Long Dock
Company ; also all and singular the cfi0.ses in action,
bills
receivable
bonds, book accounts,
stocks,
and other evidences of Indebtedness, leasehold esother property in the said
tates, contracts and
York, this
Referee.
New York.
the above-described property heretofore advertised to take place on the tweiity-flrst day
of Janu*ry. 1873, at 13 o'clock noon, at the Merchants'
Exchange Salesroom, No. Ill Broadway, in the City of
the
New York, was tb?n and there adjourned to and
twenty-fifth d<y of March, IS'S. at the same hour
The
place.
sale of
.GEORGE TICKNOK CURTIS,
ISefeiee.
—
:
March
IflE CHRONICLI?
18?aj
10,
COTTON
SEED TO LOOM.
Til K
1
8
'T
8
.
Review,
Financial
FROM
(ANNUAL)
STS
1
.
A YEAR BOOK
OP
NOW READY.
of this book are as follows
The contents
CONTENTS.
We
have prepared a large Map of India, showing, among other thingB, all of the
The map is made up from original Eources and will,
cotton (liatricts of that country.
we think, be found very useful.
CHAPTER
Introductory
— Showing
CHAPTER
I.
—
—
—
—
—
—
W
—
—
—
—
—
—
—
—
changes
Fall
its
—
—
—
—
CHAPTER
—
—
CHAPTER
Cotton
Movement
at
New
VIII.
Series of Years, at
York, &c"., &c.
CHAPTER
New York and Liverpool-
B.
Dana
&
HENRY HERBERT^
Three Dollars.
any addreei poU-paid on
&
1870.
Gold and Silverand
Production, Exports and Imparts of Gold
Silver in the United States.
Silver Question.
Prices,
Movement, Ac,
in
London, 1883-1877.
add in New York,
Foreign ExcItanKe—
Prices of
from 1863 to ie77<
of Quoting.
New York, 1870-1817.
investments and SpeculationPrices In
Principles Relatinc to Investments.
•
New
Investments of Financial Corporations in
York
City.
Interest Table, 8howin<!
Money
Accnmn*
In a Series of Y'ears.
Table Showing the Rate Per Cent realized oa
Securities Purchased at different prices.
Stock Speculation in
New York.
Table Showing the Interest Cost of Carrying
Stocks.
Vnlted States Debt and Secnrittea—
Debt of the United States; Terms of Payment,
Prices of U. S. Bonds, 1860 to 1877.
State Debts
and Securities-
State Debts and
Immunity from Prosecution.
Prices of State Securities, 1860-1877.
Railroads and their SecuritiesRailroads of the United States.
,
Prices of Railroad Bonds, 1872-1877.
Investors' Supplement—
The IMTESTOBS' SCPPLBKXNT wUch glTM •
complete exhibit of State, City and BcQroaa
Becuiltles, Is
Co., 79
York, and Prices ot Cal]
The
IX.
This is a very brief summary of the contents of this book. It is a
large octavo volume of over three hundred pages, containing everthing the
trade needs for reference, and drawing conclusions from the experience of
the past, which ought to make crop estimates in the future less difficult
and uncertain.
Wm.
New
Loans and Commercial Paper since
Prices of Railroad Stocks, 1860-1877.
.Consumption, &c., &c.
Will he mailed io
Railroads and
English Railroad Laws.
Long
------
Tmnk
Railroad Earnings.
Consumption of Cotton in Europe and the United States— Some Thoaehts on this
Subject which may be Suggestive— Also, full Tables and Statistics Showing Past
Price,
Trade
&c.
—
—
6athering and Marketing of Crop The Influences affecting Market When and why
a Crop will be Marketed Early An Analysis of the Movement to the Porte of Each
Crop from 1870 to 1877, and the Reasons tor Delays and for Haste Tables Showing
at Several Points in Each State the Date of the Receipt of First Bales, Arrivals
New Cotton to September 1, &c., &c. Also, Height of Rivers for a Series of
Years. All these facts are so arranged as to enable the reader to form a correct
opinion of the future. This chapter closes with the daily receipts and percentages
of past receipts for a series of years, &c., &c.
Prices of Spots and Futures, for a
Inflacnces In
VII.
—
Commerce,
Canals.
lations of
—
—
— Foreign
Tonnaec of
Articles,
VI.
Growth Formation of the Bud, its Shape, &c. The Blossom, how it
Color and Shuts and Falls Formation of Boll— Habits of Blossom and
Plant in Relation to Sun Definition of Bottom Crop, Middle Crop and Top Crop
Cotton Enemies in Summer, Lice, Rust, Shedding, Boll-Worms, Caterpillars, &c.
Number Bolls to Make a Pound, &c. Rainfall, Thermometer, Chronicle Weather
Reports and Agricultural Bureau Reports, from July to December, for 1870 to 1877
Tables showing Date of Frost and End of Picking Season at a number of points
Important deductions from this
in each Southern State for Seven Years Past
Review and Analysis of Weather for past Seasons, &c., &c.
Summer and
States
Compound
CHAPTER
Banir Retarns.
Balance, U. S. Exports and Imports, Leadlne
Methods
V.
Planting Cultivation from January to June How Land Prepared and Seed Planted
Old Lands being Reclaimed Early Growth of Plant Chopping Out Securing
a Stand Cotton Plant very tender in Early Life and tough afterwards Its Early
Enemies and Diseases Crab Grass Wet May and June Rainfall, Thermometer,
eather Reports and Agricultural Bureau Reports, from January to
Chronicle
June, for 1870 to 1877 Very important deductions from the weather data, &c., &c.
—
United
The
IV,
Acreage io the United States Yield and Acreage by States since 1809 Possibilities of
Crops with Acreage given Growth in Acreage illustrated and proved Percentage
of Production and Acreage in Each State, &c., &c.
—
Retarns, &c.
The Money market—
III.
CHAPTER
Bank Figures atd
Commercial-
India production of Cotton Goods from Earliest Dates Interesting Review of the India
Export Trade in Goods from before the Christian Era to the Present "lime, &c.
The Monsoons and their effect upon and relation to the Cotton Crop Also, the
past Production of Cotton in India and the present supply, with a detailed
description of each Cotton District from which the present supply comes— Several
wood-cuts and full Statistics of the Trade, &e., &c.
—
— Nation.ll
London— Money Market and
History of Cotton in the United States from the date of its earliest production,
tracing the progress from year to year, with the inventions which gave the
impnlse to that progress; also a table of receipts and exports at each outport ot
the United States from the earliest records down to 1877, &c., &c.
CHAPTER
United States
Kcw Tort City— Bank
II.
CHAPTER
Retrospect of 1877."
mercantile Failure*.
Bauklne and Financial—
Curreocy Movements.
the Object and Scope of the Book.
—
INFORMATION.
FINANCIAL
no
5 Austin Friar«, Old
Broad
»t.,
N. Y.
London.
only
bound up
in
FiNAKciAL RSTiEW, enabling parties
to
Is
chase a tingle copy In this form.
Price In Cloth
" To Subscribers of
&
St.,
jMi
Chrokiolv, U14
One number of the
single copies are sold.
SuppLKKBUT, however.
receipt of priet.
8i William
famished daring the
to regular subscribers of tb*
I
93 00
Coxubboial 1 1 ««
* '"'
FISAKCIAL ChBOMICLX
f
the
WIIXIAHH B. DAKA
&
CO.,]
PUBLISHBBS,
79
&
the
pur
81 WlIlUoi Street, N. Y.
,.
THK
/I
UNION TRUST CO.
NEW
$1,000,000.
HAS SPBCIAX FACILITIES FOR ACTING AS
Transfer Agent and
Registrar of Stocks.
Authorized by law to act as Executor, AdmlnlstraGuardian, Receiver, or Trustee, aad la a
f or.
LEGAL DEPOSITORY FOR
OTONKTf.
Interest allowed on Deposits, which may be made
and withdrawn at any time.
.
^
N. B.— Checks oi> this institution pass through the
.
EDWARD
M. MoLkan,
KING,
Orders executed on Commission
Auctions, and Private Sale.
'
The Brooklyn Trust Co.
Cer. of Montague
This
A
Clinton
sts.,
is anthorlzed by special charter to ac
trustee, gnardlac, execu or or admlnls-
trator.
U
can act as agent In the »ale or mnnagement of real
estate, collect interest or divldendB. receive registry
aa^ trinafer books, or initke purcbase and sale or Governiv tnt and other eecurltiee.
Relif?ioup and ctiarltable institutions, and personc
anaccustomed to tne transaction of business, will find
ttna Company a safe and convenient depository for
KiPLEY ROPKS, President.
CHAS. R MARVIN, Vice-Prest.
money.
Co.,
8c
STATE STREET, BOSTON.
TRUSTEES:
Alex. McGae,
Henrv Sanger,
Chas. R. Marvin, A. A. Low.
Thomas SulUvan, Aftm. B. Baylis, Henry K. Sheldon,
K. K. Pierrepont. Dan'lChauncey, .lotiti r. Mania.
itipley Rones.
.Joslah O. Low,
Alex. M. Whitft.
Kdmund W. Cor lea.
Austin Corb»n.
Wm
K.
RTTNKKR.
Inwa Bonds & MorlgagfK
GEO. W.
FRANK & DAU
ROW, BANKERS and Negotia
tors of Loans, Corning,
Iowa
Broadway, Western Union Bldg, N. \ ..make
loans on tfie best Improved farms in Iowa, at 8 t« 1
per cent Interest. Always first liens and Improved
I'arms; never exceeds one-third the cash value
The bonds have coupons
cf the land alone.
attached, and the interest Is paid semi-annually, at
the Central National Bank, in New Vork, and the
principal, when due, at the same bank. Several years
and
195
experience of the firm In loaning has shown ^hcse
loans to be
PERFECTLY SAFE
Mate, City,
&
Parker
BANKERS,
ranging from $50) to ^,000.
HEFERBNCES:
Wm. A. Wheelock, Esq., Prest. Cent. Natl
Co., Bankers, 47 Exchange Place, N. Y.
H. C. Fahnestock, Esq.. First National Bank, N. Y.
Henry H. Palmer, Esq., New Brunswick, N.J.
Chas. J. Starr, Esq., Stamford, Ct.
A. J. Odell, Esq., Sec'y D. L. & W. RR. Co.
Aaron llealy, Esq., 5 Ferry street, N. Y.
Edwards & Odell, Attorneys, 52 William street, N. Y.
I
en Per Cent.
OLD AND TRIED.
BANKS EVEN, prove
CENTKAL ILLINOIS LOAN
amidst the storm. If you
AGENCY
wish Investments ABiOLUlELY SAFE IN ANY
CONTINCIKNCV, iuldrcss. tor circular—" Actuary of
KANSAS, MlSSOUm & CENTRAL ILLINOIS LOAN
Bonds, Slocks, S.VVINGS
Ihc old
brittle reeds.
st'inds unmoved
AGKNCY.*'
b.
EXPORT COMMISSION MERCHANT
Boy and Sell
County Bonds.
Western
and
City
W
BROAD STREET
NEW YORK
2132.
i
r
R
e
clined Planes, Trausmlsfllon
of Power, ic.
Also tiaiJvan'.zed Charcoal
and BBfor
IShlps' lilirgini;. Suspension
I Bridges, Derrick Guys.Ferry
A large stocK
} RopeM, &c.
constantly on hand from
which any desired length
are cut. FTiAT STEEL
IRON ROPES for Mining
purposes manufactured to
'
AND
iri.vsoiv
&
Moodyft JemUon.
8
GERMAN-AMERICAN BANK
OF
WALL STREET,
72
DEVONSHIRE
CO.,
Sc
Austin, Texas.
TdXAS FARM MORTGAGES A SPBCIALTV,
Geo.Win.Ballou&Co
ST.,
per cent Interest, payable in New York semiannually. Absolutely safe loans made on property
worth, at present low valuations, 3 to 5 times the
amount loaned. Titles perfect and property visited
personally. Correspondence solicited.
Callectlens made and promptly remitted for.
10-12
Boston,
Neiv Vork,
Western Banks.
BANKERS AND DEALERS IN
Municipal Bonds.
Anglo-Calitornian Bank
Fhila.
(LIMITED),
Baltimore Bankers.
tL
&
Wilson, Colston
Co.,
BANKERS AND BROKERS,
BALTIK.ORE.
INVESTMENT
and VIBGINLA 8ECUIUT1E8
•
CO.,
43 Broadway, Neiv York,
LONDON, HeadOmce, 3 Angel Coart.
SAN FRANCISCO Office, 432 California
NEW YORK
Agents, J.
& W.
Authorized Capital, Paid-up aud Reserve,
Se!i?man
St.
&
Co.
$6,000,000.
1,55 0,000.
-
specialty.
Correspondence
and
solicited
Information
alshed.
N. 1. CoBBxspoNDBirrs— McKlm Brothers
&
fur-
r:>.
Austin,
Bell
P. N.
at
Mouthem Bankers.
K.
Bbrbubs, Prea't.
A. K. WiLLKZB, Cashiei
Bank
National
First
WlLiniNUTON,
CoIlectionB
mane on
rnOB. p. UILLKR,
B
all
».
WIIUAX9, JNO. W. MILLBB
Co.,
BANKERS,
inOBILE, ALABAITIA.
Special attenlJon paid to collections, with prompt
remlttan-^es at current rates of exchange on day of
;>aymeat.
Correspondents. — German American Bank, New
fork; Louisiana National Bank. New Orleans Bank
Liverpool
EBERT, Pres't.
HUNTER,
New
York,
Broker and Dealer In Southern Securities. Loans
Negotiated. Advances made on Securities placed In
my hands for sale at current rates.
Kf.fkbencks.— Henry Talmadgc & Co., and Eugene
Kelly & Co., New York; Southern Bank, Savannah, Ga
THE CITY BANK OF HOUSTON,
Capital, $500,000,
Houston,
-
-
A.J.
.
.
185,000
.
WILLIAMS, Vlce-Pres't.
COLLINS,
New Tobk — Tradesmen's
Cashier.
Texas.
DinttCTORS.— Benjamin A. Botts. Pres't: C. S. Longcope, W..J. Iliit:]ini8, F. A. Rice, C.C. Baldwin, W.B.
Bo«". Bob't Brewster.
BEN J. A. liOTTS, Frest.
». F. WEEIIS, Cashier.
Co.'s
Bank.
Especial attention given to Collections, and
Re
mittanccs promptly made.
The Nevada Bank
OP SAN FRANCISCO,
SAN FRANCISCO, CAL.
Capital, fuUy paid In coin, $10,000,000
...
.
-
.
.
2,500,000
-
LOUIS MoLANE,
President.
J. C. FLOOD, Vice-President.
C. T. CHRISTENSEN, Cashier.
CORRESPONDENTS:
LONDON
NEW YORK
Smith, Pat^ie
Tub Bank or New
&
Smiths.
Y'oek, N. B.
A
of New York, N. B. A., Is prepared to Issue
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Francisco.
The Bank
C. r. PENZEL,
President.
i
J
STATE BANK,
)
Incorporated 1875.}
C.T.Walkbb
Cashier.
German Bank,
LITTLE ROCK, ARK.
We ?ilve special attention to collections on all acces- CAPITAL
sible points.
National Bank.
San Fbancisco— Wells, Fargo &
AND
Street,
G.
8.
Savannah, Georgia,
81.
26 Pine
F. J.
Reserve,
James Hunter,
Box
DENVER, COLORADO.
T~. . . $250,000
Capital Stock, Capital Paid-in,
CORP.ESPONDENTS.
partB of the United Statef
&
Cashier.
Exchange Bank,
N. C.
Thos. p. Miller
p. O.
LILIENTHAL.
ST.),
Orders In Stocks and Bonds promptly execnted
be Philadelpbla and New Ifork Boards.
II.
Transact a general Banking business. Issue Com
merclal Credits and Bills of Exchange, available In all
parts of the world. Collections and orders for Bonds
Stocks, etc., executed upon the most favorable terms
FKED'K F. LOW,
t Manaaers
IGNATZ 8TKINHART,{"*°*»'"-
J.
STOCK BROKER,
a03 WALNUT PLACE (316 WALNUT
JAIMES
o P e
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
HOISTING PURPOSES, In-
JOHN w.
Mew I ork Correspondent
FORSTER
Geobge H. Holt,
Member N. T. Stock Exchang
Geo. Wm. Ballou.
If Ll.'erpool,
^r^duce, Provisions and Naval Stores,
20
,
DALLAJ, TEXAS.
;
IN
*iO(Box
Leonard,
B A N.K E B S
Stackpole,
OKVONSHIRB STREET
79
.lA^iKSONViLLE. III.
W. ROSENFELS,
r
&
'Adams
PHILADELPHIA.
Bank, N.Y.
GUman, Son &
Solid
BUYS AND SELLS EXCHANG'^ ON ALL THK
PRINCIPAL CITIES OF THE UNITED
STATES AND EUROPE.
BOSTON,
!
The Interest and principal have always beei. paid
when due, without the loss of a dollar. Send for full
printed particulars, or call at the New York otilce
and examine maps and applications for loans 1b sums
A
ATE
Sht^rPtar?
P. Ct- Interest
840
MADE TBROUGBOUl TBS
COLLECTIONS
SECU.ilTIES, Gold,
County and Railroad Bonds.
Rdoa,b M. Cullbn. Counsel.
J. S. Rockwell,
JrthB P. H»lfe.
Silver and Negotiable Securitiei'.
DEALERS IN GOVERNMENT
Brookirn, N. T.
Company
u receiver,
GoW,
IN
ti»nr..
BANKERS,
40
Samuel Willets,
Wm. WlHTEWaiGHT,
Geo. Cabot Ward,
Theodore Roosevelt.
G. G. Williams,
J. H. OGILVIE, Secretary.
Board
til
Chas. A. Sweet
EXECUTIVE COMMITTEE.
M. McLean,
Augustus Schkll,
E. B. Wesley,
DEALER
Commercial
Brokers
at
InTeetmeat Securities conatantlvon
Presiaent.
J.
HOUSTON, TEXAS.
,>aper.
Wh. Whitewkiqht,
'
House,
.
41 niAIN ST.,
Boston, miasa.
Dealers in Stocks, Bonds, Gold and
Vtce-Preslilent.
2d Vice President.
1st
W
.
BANKER,
CO>GRESS STREET,
No. 35
J.
T
Co.,
BANKERS,
No. T3 Broadway, Cor. Rector St.
Clearlng-House.
Souttxern Bankers.
&
Brewster, Basset
YORK,
CAPITAL,
[Vol XXVI.
Boston Baabers.
Financial.
OF
vFliOiVlCLK
(Paid-in)
$75,000.
25,000.
Surplus
Prompt attention given to all liuslncss In our line.
N. Y. CoRBKstoNDExTs. Donuoll, LawsOB A Co. aud
tlie MctropoUlK '^Natlonal Bank.
.
Marcu
THE
1878.]
16.
vu
CH110N1CL1<.
Xnaurmioe.
Steams'ilpB.
lo aurance.
THE OLD HELIABI.E
North
Stonington Line
BOSTON,
FOR
AND
POINT8 EA3T.
OFFICE OP THE
7 CunBecntlve
TIIK KLEGANT STKAMKIIS
Id
in • """y ''oiu I'ler 33, North Ulver, tout of
Jay Birci't.
Herrafter the STKAMIIOAT EXPRESS THAI.V WILL
iNCORrORATXn
64 William
Mutual Insurance
Co.
LINE.
FnEIOIIT ONLY FOIt
Providenop. AVorceiitpr, Naabua
all PolittM North.
5
P
Warren
street.)
Freight taken via either line at lowest rates.
I).
L.
S.
W. FILKINS, General
HABCOCK,
ProBldent.
Pasfccnger Agent.
ONLY
Reserve for
Kxw ToBX, January S.% 1878.
The Tmstece, in conformity to the Charter of the
Company, submit the fullowlng Statement of its
on the
Slat
December, 187T
Premiums received on Marine
:
liislcB
from 1st Jannary, 1877, to 31et Decomber, 1877
H^lO.eeS 83
Premiums on Policies not marked off
1st January, 1877
.....'...
2,040,362 61
BKTWKKK
NBVf
VORK AND HAVRE.
CalUng at Plysioutti for the landing of PasseDgers.
The splendid vessels on this favorite route, for the
Continent—cabins provided with electric bells— will
sail from Iter No. SO North Kiver. foot of Morton St..
as follows
;
FUiNCE.
Trutlelle
Wed.. March 1P.<:90A.M.
CANADA. Frsnguel
Wed., April 3.6 A.M.
PE ElKE. Uanre
Wed.. April 17. 1 P. M.
PUICE OK PASSAGE IN GOLD (Including wine):
To Havre— First
cabin,
13.^
;
cabin, $100: second cabin, $ 5; third
steerage, $^26— Including wine, bedding and
utensils.
To Plynjouth, London or any railway station In
England— First cabin, fyo to $100, aecor:lIng to accommadatlon
second cabin, $'^5; third cabin, $35. steer
age, $21, Including everything as above.
Iteturn tickets at very reduced rates, avallabi
through England and France, steamers marked thu
* do not carry steerage passenaers.
For passage and freight apply to
;
CHAS.
same period
ATLAS
For KInpston
March 4
The Company has the following
United Statei and State of
ETSa
|
April 4
For Haytl, Colombia, Isthmus of Panama and South
Pacific Ports (vm Asplnwsii),
March 16 ANDES
March 80
Superior first-class passenger accornmoOHtK n.
PIM, FOUWOUD & CO.. Agents,
AILSA
|
xo.
5S
Miscellaneous
Wall treet.
.
Smith's Umbrellas.
GIN(?HAM
OnANACO
,
.
aoytize
Q]
2
patented
00
00
Stock, City, Bank and other stocks. $10,565,958 00
Loans, secured by Stocks and other-
wise
Real Estate and claims due the Company, estimated at
Premium Notes and Bills Receivable.
Total
^'..leless,
merchant
NASUVILLB, TENNKSSEK.
on and
after
certificates of the isaue of 1874
ef Forty per Cent,
Pirn,
ForwoodSc Co.,
ttENERAL COMMISSION MERCHANTS,
P. O. BOX 613,
P. O. BOX 4964,
New
Orleans,
New
I.a.
York.
Execute orders for Future ContracU In New Tor*
nd Liverpool, and make advances on Cotton and
ther produce conslKned to
LEECH, HARRISON
Sc
FOR1VOOD,
LIVEPJ-OOL.
Also, execute orders for Merchandise In
England, China, India and Singapore.
UNDERWRITERS IN NEW ORLEANS
for the
is
dc
on the net earned premiums of the Company
which
certificates will be issued on and after Tuesday, the
British
k
Foreign marine Insurance
Company of Liverpool.
clared
for the year ending 3l6t December, 1817, foi
7th of
May
By
next.
D.
L.
Bennet
J.
H.
&
Co.,
GENERAL
order of the Board,
CHAPMAN,
Secretary.
COmmiSSION ItlBRCHANTS,
121 Pearl
D. Jones,
Spe
Charles Dennis,
W. n. H. Moore,
Charles H. Russell,
David Lane,
Daniel S. MUler,
Josiah O. Low,
Royal Phelps,
C. A.
JI.
Lewie Curtis,
James Low,
Gordon W. Bumham,
William Slurgis,
William E. Dodge,
Thomas F, Youngs,
John D. Hewlett,
Hand,
Webb,
Francis Sklddy,
Adolph Lemoyne,
Charles P. Burdett,
Alexander V. Blake,
Robert B. Mintum,
W.
Charles U. Marshall,
Cieorge
Robert L. Stuart,
Frederick Chaancey,
Horace Gray,
James G. DeForest,
John
William Bryce,
Peter V. King,
Horace E. Thnrber.
Elliott,
William n. Fogg,
B. Coddington,
Thomas
STEEL PENS.
SM fy all dtaUrt throughout tht WorU.
the outstanding
to the holders
The certificates to be
produced at the time of payment and canceled
Upon certificates which were issued for gold premiums, the payment of interest and redemption
will be in gold.
William
Corre
»/orre
•iSV"!,''?"'-"!™'''' ""< fonrtn National Bank
JOSEPH GILLOTT'S
be paid
Interest thereon will cease.
A Dividend
Cp^.ton.
$14,366,351 66
:1a]
Street:,
New York.
attention fftven to the exeentlon of orders
for the curchase or sale of Contracts for Future
COTTON
solicited.
-ASHASSETSoyER$80.000.000.
TRUSTEES:
Established' A.D. 1802
(pondADce
LIFE XnB endowment POLICIES
617,436 01
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday, the Bth of February next, from which date all
:
8p«elal attention given to Spinners' ordera
""cm.
of Assets
The outstanding
J.
coinnissioN
ISsL-F.S.WlNSTON.PRESIDENT j of
"fS EVERY APPROVED DESCRIPTIOH °
1,764,393 63
will
near Canal street.
&
1842
OMTERMS AS FAWRABLEASTHOSE OFANYOTHCRCO.
Tuesday, the 5th of February next.
104 Kroadway, near Wall street
77 Fulton Street, near Geld.
McAlister
BL&DGBN,
P.
ORGANIZED APRILI2T?
255,36102
amount
thereof, or their legal repre8ent.Htives,
2 50
Fine Silk TTmbrellaa in great variety.
LnibrellBti and Parasols to order <t repaired.
1203 Rroadivay, corner -Xth atreet.
WHOLESALE
BAM.
1,163,2:0 00
CashinBank
SILK, paraxon frame
405 Broadway,
WHITE,
Assets, viz.:
New York
Six per cent. Interest on
and Haytl.
(.lam.)
B.
$2,565,890 27
certificates of profits will
Fiisi-class, full-powered. Iron screw steamers, from
Pl«r No.11. North Klver.
M
Returns of Premiums and
Expenses. ..$947,923 86
Agent, 55 Broadway.
BI-MONTHLY 8KKVICK TO .JAMAICA, HATTl
COLOMBIA and ASPINWALL, and to PANAMA
and
60UTU PAulKlC POKTS(vI« AsnlBwall.)
3,517,92)
4,618,6M TO
.
.
MAKAOKBa.
have been issued upon Life
R'.sl^s, nor upon Fire disconnected
with Marine Risks.
Pr. minms marlced off from 1st Jannaiy, isn, to 3l8t December, 1857.... $4,902,331 08
Losses paid duiing the
LOUIS DEBEBIAN,
Atlas Mail Line.
$I,WS,«M SA
other liabilities, in-
FIreAssetsheld inthe U. S...$ 1,767,276 53
The above does not Include the Lite and Annuity
Funds, which, by act of Parliament, are In a distinct
and separate department, for which the surplus and
reserve of the fire Insurance Department, named
above, are not liable.
No Policies
Mail Steaiusiiipg,
York.
I860.
Invested and Cash Fire Asset8.$8.300,l 8a 10
Subscribed Capital, for which the
Stockholders are personally liable, not yet ci'led in
$9,545,054 64
Reserve for total Liabililles, including re-insurance. In the U.S.
$780,518 04
Net surplus in the United States.
986,753 49
Total amount of Marine Prcmtams. $6,751,0-28 44
Direct Line to France.
The General Trang-Atlantic Company's
all
New
Cor. Fine,
Net Klre Surplus and Reserve.
affairs
steamers leave.
Pally from Pier 29 North Elver (foot of
1M •
•
and
St.,
Established Decehbkr,
Called In and paid np Capital....
cludini: re-insurance
at all
PROVIDEKCE
1800.
IM
UNITED STATES BRANCH:
t* •
LEAVE SIONINOTON AT 4«) A. M.
State-routus and tickets secured at 963 Broadway and
otllcfs or Westcott Express Company In New
Vork city und Hruoklyu, AUo tlcketa for sale at all
hotel tk'ket'Offlccs.
AKD EDIIVBIRGH.
LONDO.^i
ATLANTIC
Yeare.
STOMNUTON and KIIOBK ISLAND.
&
cantile Ins. Co.,
OF
ALI,
Not a Trip Mirsed
and Mer-
British
J.
D.
JONES,
Lane,
Charles D. Levcrich,
Edmund W.
Corlics,
President.
CHARLES DENNIS, Vice-President,
W. H. H. MOORE, 2d Vice-President.
A. A. KAVEN, 3d Vl(W-PresMent.
Delivery.
Sawyer, Wallace
&
Co.,
COTTON FACTORS * COMMISSION MEBCUANT
47 Broad Street, Neiv York.
R. M. Waters & Co.,
66 BROAD ST., NEW VORK.
BANKERS & COTTON COMMISSION MKRCHANT8
Investment Securities bouKht am! sold. Orders cxe
cuted at tlie Cotton KxcIianKesIn New Vork and Liver
pool. All Business transacted Strictlt ON Coiuas
stox, so that no Inicresi of our own can pOBSlbly
conflict with that of our patrona.
D.
W. Lamkin &
Co.,
Cotton Factors,
VICKSBURG, MISS.
Orders to purchase Cotton In onr market MlldCed
Refer to Masar*. MOUTON, BLACOBTER A CO.
New Tor*.
THE CHRONICLE
vm
F.Wenman & Co Henry Hentz &
COTTON BROKERS,
14u Pearl Street, uear AVall, N. 1
StO,
Establlrtied (In Tontine
BulWIng)
1S41.
1T4
W.
&
Co.,
gold on commission in
and orders tor t£a
E.
Advances made on
and
laOorded by our friends, Messrs. D.
^tone street. New
.SON.M Baronne
TorlE,
Street.
all
WATTS &
GIVKN a
&
Co.,
he execution of
orders
contracts for future
made on
con-
elgnments.
COMMISSION MERCHANTS,
DE lERSEY & CO.
K. W. & J. H. Farley,
COTTON FACTORS,
MERCHANTS,
COMMISSION
132 Pearl Street,
Nenr Vork.
3,909.
Advances made on Consignments.
Special personal attention to the purchase and sale
Of
*'
Dennis Perkins
York.
&
Co.,
117 Pearl
Street,
New
Hopkins, Dwight
Cotton Futures.
'
Bill
No. 134 Pearl Street,
York.
Geo. Copeland,
142 Pearl Street, Nemr Vork.
&
R. Smith
Co.,
COTTON
125 PEARL STREET,
44 Broad
Street,
NEW
H. Tileston
&
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, Neiv York.
Orders In Futures execnted at N. Y. Cotton Exchange
E. O. Richards,
(Successor to A. L.
Baker
&
YORK
Chemicals for the Vllle formulas, lor all Orops
CbemlciilB for the SiockbrUige formulas.
Dissolved Bone—Sulphate Ammonia, Nitrate Potasb
Nitrate Soda, Sulphate of Fotash, Muriate of Potash
40 per cent actual Potash. Super-phosphate Limn
AlBO, strictly pure ground Bone.
Our descriptive circulars mailed free. The materia
C«T special tertllUers for particular crops..
SHOWING THE
Condition or the Company on the first
day of January, 1S7S.
CASH CAPITAL
$3,000,000 00
Reserve for Reinsurance
1,S36,432 31
Reserve lor Unpaid Losses ana
Dividends
TOTAL ASSETS
SUMMARY OF
In Banks
Bonds aud Mortgages, being
256.391 43
1,016. 7u3 U2
$l>,109,530 76
ASSETS.
»161,727 56
first
Hen on
real estate (worth
H,29VA»)
United States stocks (market value)
Bank Stocks (market value)
State and City Bonds (uiarki.t value)
Loans on Stocks payable on demand
(market value of S-ecurltles, »42;,0(16)...
Interest due on 1st of January, l3;3..
Balance In hands of Agents
2,016,903
3,016,673
251,190
124,823
00
no
00
00
314,213 47
6.i,2;2 39
i35,»4 13
12,500 00
Real estate
Premiums due and uncollected on Policies
7,87! 20
Issued at this office
t6,I09,52J7
Total
CHAS.
J.
J.
MARTIN,
President.
H. \VAS«HirRN, Secretary.
iETNA
RICHARDS)
Shipping and Commission Merchant
No. 39 BROAD STREET, NEW YORK.
Insurance Company
&
OF H.4RTFORD.
INCORPORATED IN 1819.
Waldron
Tainter,
NOURSE & BROOKS),
97 PEARL STREET,
NEW
lUOATn^T.
J. L.
YORK.
A. J.
.
22
WILLIAM STREET, NEW YORK.
Future Contracts for Cotton bought and sold on
In New York and Liverpool.
Commission
N E lY
J.
COMMISSION MERCHANT
ORLEANS,
LA.'
&
Co.,
C. Johnson
$T,115,6JI 42
Total Assets, January 1, ISn
*3,000.000 00
Capital
Re-insurance fund. ... l,741,iT3 43
Unpaid losses & other
4S9,1U 82— 5,170,388 24
claime
MAOAULAT.
Macaulay & Co.,
COMMISSION MERCHANTS,
Bro.,
IMFORTERS AND MANUFACTimEfiS OF
-Prime Quality Clieniical manure
BROADWAY.
135
Cash
Boston.
L. F. Berje,
J.
PEARK< STREET, NEIT
Sons,
HOME
YORK,
Liberal advances made on consignments. Prompt
srsonal attention paid to the execution of orders for
le purchase or sale of contracts for future delivery.'
H3» PEARL STREET, NEAY YORK. COTTON BUYER AND
H.
Bostos
GANGS OF RIGGING MADE TO ORDER,
198 FRONT STREET, NEW YORK.
NetSurplus
COMMISSION MERCHANTS.
COTTON BROKER,
4116
stiect.
Forty-Ninth Senii-Aiinnal Statement,
Airs
Future orders promptly executed.
New
iU
OFFICE, No.
GENERAL COMMISSION MERCHANTS
Y'ork.
COTTON FACTORS & COMMISSION MERCHANTS
MEANS,
Wator
MANUFAUTUHERS OF
INILA, SISAL, JUTE & TARRED
COTTON FACTORS
GENERAL COTTON MERCHANTS
& Co.,
O.
Treasurer.
«0
Company
BLOSS & INCHEST Insurance
OF NEW YORK,
(Succe ssors to
COTTON BROKERS,
_
N. H
Henry Lawrence &
Exchange on the CITY BANK, LONDON, and
CO., PARIS.
Robt. L. Maitland& Co.,
New
M'lnr^heiitpr.
10TTINGUER A
''CONTRACTS EOi; FUTURE DELIVEKY " OF
COTTON.
No. 43 Broad Street,
Superintendent
N. H.
.
CORDAGE,
or
COTTON FACTORS & COMMISSION MERCHANTS
and Tools,
FOR EXPORT AND DOMESTIC CSB
Advances made on Consignments. Specla attention
AND
FINANCIAL. AGENTS,
Box
Peet,
Ne*r York.
B.
Manchester and Liverpool,
C>
MANUFACTURERS OF
LoeomotlTea, Statlouarjr Steam En*
WALL STREET*
No. 68
NEW YORK.
H0t;sE8 Di
Works,
Locomotive
Bines,
Advances made on Consignments. Future ConCotton bought and sold uu Commission, in
New York and Liverpool.
Knoop, Hanemann & Co
P.
JEMISON),
BANKERS AND COMMISSION MERCHANTS
NEW YORK.
Si EXCHANGE PLACE,
MANCHESTER
Co.,
AND
paid to purchases or sales of
Liberal advances
of cotton.
GENERAL COMMISSION MERCHANTS,
MANCHK8TSS,
No. 123 Pearl Street, New York,
ARETAS BLOOD, «
Robb &
COTTON EXCHANGE BUILDING,
(lellvery of cotton.
MOODY &
made on Consignments.
Special attention paid to the execution of orders for
the purchase or sale of contracts for future delivery
and
BANKERS, COTTON FACTORS
GENERAL COMMISSION MERCHANTS
lor the purchase or sale of
CO.,
tracts for
Cotton Factors
-Special attention paid to
&
YORK.
SECURITY.
Liberal advances
New York and Liverpool.
Co., 5J
New Orleans.
Ware, Murphy
(Successors to
Informatloi
and Messrs. D. A.
MUIR &
T6 trail Street,
GENERAL COMMISSION 3IERCHANTS
LOANS MADE ON ACCEPTABLE
ASD GLASGOW.
Jemison
S.
'Pnrebaae or sale of future shipments or dellveno.
conflig;nmenta,
CO.,
Also execute orders for Merchandise through
FIN LAV,
ic
NEW
on Consignments to
JAMES FINLAY &
Measrs.
Nos. 74
New York.
,
StiUman,
SEAMEN'S BANK BUILDING.
CALCUTTA AND BOMBAY.
FUTDBE CONTRACTS FOR COTTON bought
LIVERPOOL.,
COTTON
St
LIVKKPOOL, LONDON
31 Bronrn's BulIdinK*.
JWUcltconslgnnieau of
Advances made
inessrs.
New York.
C. Watts
1T6 Pearl
tc
&
Woodward
GENERAL
COMMISSION AND COTTON MERCHANTS.
97 Pearl Street,
Co.,
COWimSSIOiV MERCHANTS,
Edward H.Skinker& Co.
XXV I,
MiscellaneouE.
Cotton.
Cotton.
Tames
[VOL.
NET bUR^LUS, Jan. 1877.. $1,945,236 18
BRANCH OFFICE:
No. 173 Broa«lway, New York.
1,
JAS. A.
ALEXANDER,
Liverpool
Agent.
&
London &f Globe
Insurance Company,
COTTON BUYERS FOB MANUFACTURERS
MEinPHIN. T^NN.
Walter
&
Krohn,
45 William St,
J,
E.
PLXSFORD,
COTTON BROKERS,
63
BEAVER STREET, NEVT YORK
Besident Manaoeb.
@FedFRASER