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MAGAZINE,
MERCHANTS’
HUNT’S
gi SWrrltJtj Untcspaper,
EEPRESENTING THE INDUSTRIAL AND
COMMERCIAL INTEREST*. JF THF. IINITED STATES.
NO. 503*
SATURDAY, MARCH 20, 1875.
VOL. 20.
gold cliques possible is our wretched financial sys¬
the country be driven to adopt proper
remedies the sooner if we give the gold cliques liberty
makes
CONTENTS.
tem, and will not
THE CHRONICLE.
Banks, the Gold Clique, and
the Money Market
The Failures in England and
The
275
Banks
Latest Monetary
and Commercial
to
English News
Commercial tnd Miscellaneous
285
286
287
Corporation Finances.
THE COMMERCIAL
Commercial
Cotton
282
Banks, etc
Quotations of Stocks and Bonds
New York Local Securities
Investment and State, City.and
Securities,
Railway Stocks, Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks. National
TIMES.
296
297
292 I Dry Goods
Epitome
293 I Prices Current.
295 |
Breaastufls.
®l)c €f)rontcU.
The Commercial
and
Financial Chronicle is issued on Satur¬
day morning, with the latest news up to
midnight of Friday.
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The Business
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Financial Interests in New York City by Mr. Fred.
THE BORS, THE GOLD CLIQUE, AND
A
director of
to some
one
of
our
represented among
W. Jones.
THE MONEY MARKET.
city banks takes exception
of the remarks of the Chronicle last
week
on
national bank is
of any tight
speculators to use it to contravene the public
Our correspondent will not dispute that this is
regard to a tight money clique, for there is a
possesses. At whatever sacrifice, a
under an obligation to resist all attempts
Advertisements.
Transient advertisements are published at 25 cents per line for each
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liberal discount is made. No promise of continuous publication in the best
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Six months1 subscription
and do their worst?”
our
■or
asall advertisers must have equal opportunities. Special
and Financial column 60 cents per line, each insertion.
course
correspondent will take the trouble to examine
more accurately, he will find that he has misunderstood
both his own rights as a bank officer and our suggestions
as to the exercise of those rights.
He agrees that a bank
is a private corporation intrusted with public functions.
He must admit, therefore, that a national bank, as a part
of the financial mechanism of the country, set up and
chartered by act of Congress, owes certain duties not
only to its stockholders and to its dealers, but also to
the general public.
It is a consequence of this last
class of duties, that if any tight money clique endeavors
to use a national bank to lock up greenbacks, the officers
of the bank are bound to resist that clique, even though
it be composed of the most valuable customer? the bank
If
their Results Herev.
276
News
Mirint Insurance as a Science..
277
The General Law for Savings
THE BANKERS GAZETTE.
Monev Market, U. S.
run
true
in
expressly forbids the lending of money on
greenbacks or bank notes, and he doubtless remembers
more than one of our national banks in this city have
that
in past years under charges of violating
this obligation. Now it is quite true that this statute of
February 19, 1869, while it in terms forbids a national
bank from lending on greenbacks and on national bank
notes, does not forbid their lending on gold. But this
is far from proving that all loans on gold are justifiable,
nor does it screen any bank from trouble if it be found
engaged in any questionable practices. This is evident
got into trouble
from the terms of the
THE
LAW OF
law, which enacts as follows :
1869 TO PREVENT NATIONAL BANK8 FROM LEND¬
ING
ON
GREENBACKS.
by the Senate hnd House of Representatives,
duty of the banks relative to loans on gold. He (fee.—That no National Banking Association shall hereafter
offer or receive United States notes or National Bank notes
says very truly that “ the law imposes no impediment as
security or as collateral security for any loan of money,
upon such loans,” and he asks “why should not a bank or for a consideration, shall agree to withhold the same
lend on the gold obtained by one of its customers for from use, or shall offer or receive the custody, or promise of
custody, ot such notes as security, or as collateral security, or
called bonds, as well as on the bonds in exchange for consideration for any loan of money; and any National Banking
which the gold has been received from the Treasury ?” Association offending against the provisions of this act shall be
deemed guilty of a misdemeanor, and upon conviction thereof in
He proceeds to state an instance in which one of his any
United States Court, having jurisdiction, shall be punished
a fine not exceeding $1,000, and by a further sum equal to
dealers, a merchant, applied for a losn on gold. The by
one-third of the money so loaned ; and the officer, or officers, of
transaction was for a large sum, and there was not the said bank, who shall make such loaD, or loans, shall be liable for
further sum, equal to one quarter of the money so loaned ; and
slightest desire or intention to help the gold clique. Are athe
prosecution of such offenders shall be commenced and con¬
our
banks, he argues, “to refuse such loans and thus to ducted as provided for the punishment of offenses, in “ An act to
a National Currency,” approved June 3, 1864, and the
disoblige valuable customer^ running the risk of losing provide
fine or penalty so recovered shall l>e for tbfi benefit of the party
accounts that have been running for years ?”
“ Is it not bringing such suit.
Approved February 19,1869,
certain,” he finally demands, “ that the whole evil which
the
Be it enacted
THE
27(5
'
It is well known that this law
was
CHRONICLE.
[ March 20,1875,
which the clique manipu¬
might derive from the depleting of the reserve of
our
city banks. If the clique expected that the money
market would be perturbed by this depletion of the re¬
serve, they have been disappointed, as there has not
been, so far, any approach to stringency.
intended to cut off terminate any moral advantage
lators
tight money men from one of their favorite devices
thoroughly accomplished the object in view. The
plan they used to adopt was to lock up currency by seal¬
ing it in packages, and by hypothecating these packages as
collateral for loans at the banks. This reprehensible
manoeuvre very few of our banks would lend themselves
to had there been no law to put it down.
The “ facile
THE FAILURES IN ENGLAND AND THEIR RESULTS HERE.
few ’ were therefore easily kept in awe by the statute
The heavy failures in England, which the cable reports
of ISO*.).
But as the majority of our banks required
this week, have caused much discussion, and some need¬
no such stringent prohibition, it was enough for them
less" alarm.
They illustrate the state of credit abroad,
t hat the locking up of currency was “•irregular ” and
to which we have often adverted, and they prove the
bad banking.
And this is the very reason why our
banks should refuse to lock up gold for the clique.
It is wisdom of the course of the Bank of England in refusing
to cause further pressure by keeping up to an abnor¬
bad banking.
It is “ irregular.” It is contrary to sound
mal level the minimum Bank-rate.
One of the familiar
principles. It is not in harmony with the obligations of
principles of political economy is that the growth and
the banks to the public.
.V case is well put by our correspondent, in which a health of modern trade are impaired by sudden fiuctuations and advances in the cost of capital.
In the present
legitimate trader has need for gold, and wishes his bank
to carry it for him for business purposes, and without age the profits of business are cut down to the lowest
any connection with clique manipulations.
Such in¬ point, and it is evident that the addition of one or twostances as these arc very numerous in New York.
And per cent, to the rate of discount adds a serious item of
If it do not impair capital, it may at least
it is precisely because they arc s> frequent and so impor¬ expense.
convert an expected profit into an embarrassing loss.
tant that Congress did not put gold into the category of
Whatever circumstances may have seemed to be the
forbidden pledges in the law of 1,809.
It appears, then,
that while the letter of that statute leaves it in the power immediate occasion of the recent British failures, there
of the banks to satisfy the legitimate requirements of is little doubt that the active producing cause was .that$
their dealers in regard to the carrying of gold, the spirit the capital of some of the insolvent concerns had long
If this was so, the houses in question
of the statute forbids their doing anything illegitimate been impaired.
hostile to the public good.
or
In other words, the were dependent on,the supplies of the money market for
national banks are left perfectly free when liberty is precarious aid obtained from the banks and other dis¬
Xow it is evident that the more un¬
essential to the performance of their duties to the mer¬ counters of bills.
certain and the higher arc the rates which our business
cantile community.
■
These principles have been frequently defended in men have to pay for pecuniary accommodation, the more
In the remarks we have recently made fettered are their recuperative efforts, the more cur¬
our columns.
Thus
about the right of the banks to loan on gold, our inten¬ tailed is the legitimate gain of their business.
the
the
weaker members of
community are handicapped,
tion has not been to prevent such loans altogether; for
and
their
progress is hindered towards the goal of busi¬
this would be equally impossible and unjust. „ One of our
success.
ness
Formerly, when this principle was less
chief objects is to throw on the officers of the banks the
responsibility of making inquiries and of satisfying them¬ perfectly understood, we were often told that “it is of
selves that their customers are not guilty of the charge small importance how fast the pace is accelerated by
of aiding any illegitimate manoeuvres of the gold clique. which insolvent merchants, manufacturers and captains
*0 one knows better than our correspondent that such of industry reach the gulf of ruin, for being insolvent,
investigations honestly conducted will soon drive away they are sure to gravitate downward, and if a faulty
financial system helps them on a little so that they over¬
from any bank the satelites of the gold ring.
It is a noteworthy result of the discussion of this ques¬ take the inevitable before they would otherwise reach it,
no
great harm is done.” Such cynical reasoning is un¬
tion, and of the right feeling of our banks upon it, that
the clique are offering to buy “called bonds ” at a price worthy of a serious answer.
Among its numerous defects it ignores what Mr. BageA per cent, above the price of gold. The explanation is
hot happily calls the “democratic structure” of modern
given that some of the banks have called in their loans
commerce.
In his well-known book “ Lombard Street,”
on
gold. In such cases the clique have thus been obliged
he says: “English trade is carried on upon borrowed
to substitute government collaterals in place of their gold
collaterals.
Hence they have been willing to pay -A per capital to an extent of which few foreigners have an idea,
cent, for the privilege of using call bonds for this pur¬ and none of our ancestors could have conceived. Tn
pose, as these bonds can be turned into gold when re¬ every district small traders have arisen who ‘ discount
quired, and meanwhile the banks will lend on such their bills’ largely, and with the capital so borrowed
harass and press upon, if they do not eradicate, the old
bonds, although some of them would refuse utterly to
capitalist. The new trader has obviously an immense
lend on gold coin.
From this and similar indications it is conjectured that advantage in the struggle of trade. If a merchant have
the gold clique are struggling with too heavy a burden, £50,000, all his own—to gain 10 per cent on it he must
and that their efforts will culminate some time during this make £5,000 a year, and must charge for his goods
The opinion rests, however, on a very doubt¬ accordingly; but if another has only £10,000, and bor¬
month.
ful and uncertain basis.
Still, in addition to the reasons rows £40,000 by discounts (no extreme instance in our
above suggested for it, there is the fact that the green¬ modern trade), he has the same capital of £50,000 to
back reserve of our Xcw York banks has been depleted use, and can sell much cheaper.
If the rate at which he
both from other causes, and also by the approaching borrows be 5 per cent, he will have to pay £2,000 a
April payments in the States of Ohio, Pennsylvania and year; and if, like the old trader, he make £5,000 a ycar>
Xew York.
The movement of currency from bank for he will still, after paying his interest, obtain £3,000 a
this annual purpose is now nearly over, and with it will year, or 30 per cent on his own £1,000. As most merthe
and it
277
THE CHRONICLE.
March 20, 1875.]
content with much less than 30 per cent, he to be disturbed by such violent and eccentric oscillations
will he able if he wishes to forego some of that profit in the money market as had been so frequent during the
previous half century. A new era of monetary tranquil¬
to lower the price of the commodity, and drive the old
fashioned trader—the man who trades on his own capital ity was to be introduced. The competition among the
—out of the market.
In modern English business, owing banks was to keep the rates for money down to a
to the certainty of obtaining loans on discount of bills, minimum, and the currency crises which had desolated
so capriciously the whole surface of the financial domain,
or otherwise, at a moderate rate of interest, there is a
steady bounty on trading with borrowed capital, ami a were to be heard of no more. Specie payments were to
constant discouragement to ^confine yourself solely or be restored, and monetary tranquillity to be perpetual.
These utopian predictions have not been fulfilled.
For
mainly to your own capital.”
causes
most
of
which
are
well
known
our
banking
system
Such is the “ democratic structure ” of the trade and
industry of our day. One of the most striking aspects has been prevented from doing all that was anticipated.
of the modern monej market, both in England and Still there is no doubt that for five or six years after its
chants are
business is carried on organization the National banking mechanism did give
the money market more quietude and ease than
by one class of men, while the requisite capital is largely to
supplied by another class. To the extent of this had been enjoyed by us for many years. It is
here, is the vast extent
to which
changed for the worse
after 1869, when the banks ceased to do business on
ness
the capital are not the men who own the capital, it such conservative principles as were prevalent during
Hence, we may divide
is obvious that in financial crises the former class are the first part of their existence.
often wholly at the mercy of the latter. Another obvi¬ the history of the American National Banks into three
ous deduction is that the frequent crises of the mercan¬
periods. The first ended in 1869, when the watchful
tile world are likely to prove, if carefully analysed, to conservatism of the new organization still enabled the
The second
have resulted in part from this excessivefy delicate and banks to keep the money market easy.
unstable sensitiveness of the monetary organization ended with the panic of 1873, which was brought on
chiefly by two faults of the banks, a deficiency of cash
whose equilibrium is so easily disturbed.
Both these
In view of these facts, and without attempting further reserves, and an indulgence in bad business.
had
faults
the
same
origin, the desire of gaining higher
to expound them at length, we repeat that the condition
of mercantile credits, as indicated by the recent failures profits than are to be had by legitimate banking.
The
third
in London, seems to justify the policy recently adopted
period commenced after the panic, when the banks
reversed their old rules as to the holders of cash reserves,
by the Bank of England, and to defend that policy
against the ojections which have been*so persistently and the system of bad business, however profitable.
The result has been that the money market has been
launched against it.
We are far from supposing that the excessive expan¬ easy and tranquil.
How much of the benefit would
sion of the unfortunate houses that have failed, consti¬ have been lost if business had not been so dull, and the
tutes any of those firms a fair representative of the demand for money so restricted, is a problem which we
general status of mercantile and banking enterprise have not the data to solve. If, as has been often said,
either in England or here, although oracular observers the National banks, prior to 1869, deserved a large share
are to be found on both sides of the Atlantic, who are
of the merit of keeping the money market quiet and free
not afraid to make the most gloomy and illogical asser¬ from panics, the other proposition must also be conceded
tions of this kind.
What is needful to be considered and urged on the managers of our banking system, that
is that a merchant’s profits are converted into losses if as their notorious short comings produced the panic
he is compelled to pay a higher rate for money than he of 1873, the public will exact from the National banks a
calculated upon when he entered into his contracts, strict account should like causes produce a like disaster
which contracts of necessity look very frequently far hereafter.
Although financial troubles may threaten
into the future.
It is easy to see that this process of abroad, there is little visible danger that any early panic
converting a profit into a loss needs only to be repeated can develop itself here if our banks will only be on their
often enough, and it will step by step accomplish the guard and keep themselves strong.
ruin of the most prudent firms, however large their
capital.
Finally, if this depletion is the result of
unforeseen changes in the rate of interest, you add an
MARINE INSURANCE AS A SCIENCE.
element of gambling to the legitimate risks of busines.
How extensive Marine Insurance business is, and how
It is easy to see how these elementary principles apply much care and research are needed to carry it on success¬
to the monetary system of Great Britain, and show the
fully, are facts not probably fully appreciated. Nor
mischief evolved from the frequent sudden changes of
indeed is it easy to gather the facts necessary to show
the rates of interest, which since 1844 have been but too
at a glance its full extent and importance. As, however,
readily permitted. But in applying these principles to it has to do with the mercantile marine of the whole
foreign systems of finance, we shall do well to remember world, some idea of the magnitude of the interests
that they have also a peculiarly fit application to our¬
involved may be formed from a consideration of the
selves and to the problems of American finance.
If for number and tonnage of the different vessels engaged in
the reasons we have mentioned, it be praiseworthy of the
To give an exact list of such vessels, would
commerce.
Bank of England to try to keep the rate of interest
probably be impossible; but the following tables show
undisturbed by needless fluctuations, for the self-same
the total sea-going vessels in the world, for the years
reason it is well for our own money market to be kept
indicated, with a very close approximation to absolute
as
steady and as tranquil as possible. When the national accuracy.*
banking system was set up in this country a dozen years
♦For the statistics given in this article, we take pleasure in acknowledging
ago, one of the great advantages which its friends prom¬
indebtedness to the kindness of Captain Harding, the agent in this city
ised was that it would give us more uniformity in the
of,the Bijreau Veritas, he having placed’at our disposal the valuable records
rates of interest.
Our commerce and industry wer« not of his office.
of' labor” we owe
of the financial situation.
“division
much of the sensitive¬
If the men who use
also
our
true
that
the
scene
TOTAL SKA-GOING
VK88BL8 IN THE
Steamers.
...
1872
....
....
1873
....
1874
Tonnage.
No.
Year.
....
....
....
....
59,518
56,727
56,281
56,289
16,042,498
14,563,868
14,185,836
1872
14,523,630
1874
....
...
4,132
2,793,432
4,335
3,680,670
4,328,191
5,226,888
1873
.
..
would be
Tonnage.
No.
Year.
1870
necessitates a higher rate of premium than
required in the case supposed of a single
underwriter for the world. In the early days of marine
insurance, when there was little or no co-operation,
when the means for the collection and dissemination of
news—a matter of vital moment to the underwriter—
were
of the most inadequate sort, underwriting was
of course,
WORLD.
Sailing Vessels.
1870
[March 20 1875
THE CHRONICLE.
278
5,365
781
comparison of the above indicates that there has
a decided decrease in both the number and average
size of the sailing vessels employed, and a corresponding
increase in the number and size of steamers.
Thus, the
A
of chance than a legitimate and scien¬
tific business. Now, however, when the shipping news
of the world can be gathered and reported daily at every
sailing vessels registered in 1870 were of an average commercial centre, insurance officers find, like men
burden of 269 tons each, while those of 1874-75 aver¬ engaged in other callings, that there is strength in
aged only 258 tons each. On the other hand, the steam¬ union, and, by a constant interchange of experiences
ers of 1870 only averaged 676 tons each, while those of
and information, are gradually attaining the assumed
the past year average 974 [tons.
At the same time position of the ideal insurer without sacrificing individual
the total tonnage has increased 914,588 tons in the period independence or the business vitality which comes from
named.
Taken together, these facts show the rapid competition.
This interchange of intelligence has already approxi¬
growth of the preference which now exists for steam over
sails for carrying purposes.
The time was, and that mately demonstrated several important results, showing
not very long since, when the merchant, without detri¬ also so
clearly the importance of fuller statistical informa¬
ment, could wait six or more months after his order was tion,that we think it cannot be long before efforts are made
sent for his goods to arrive.
Now we buy by cable and to secure it. Even the most cursory examination indi¬
ship by steam, and even this is so much too slow that cates that„tbe frequency of disasters at sea, is governed by
very often the whole cargo, sold to arrive, changes a general law similar to that observed in relation to the
hands many times while on its passage.'
ratios of births, deaths, marriages, diseases, and even
Further light is thrown on the same subject by a crimes, to the population. Variations there are from year
comparison of the total amount of capital invested in the to year, but these variations occur in a series of years,
two classes of vessels at the beginning and end of this within
very narrow limits, as will be observed by refer¬
period, so far as it can be ascertained. Assuming the ence to the following table, showing the percentage of
average value of sailing vessels to be #35, and of steam¬ the number of sailing vessels and of steamers lost to the
ers #75 per ton, we find the amount invested
in sailing whole number registered in the years named :
been
vessels in
1870
to
have
been
more
like
a
game
#561,487,430, and in
1874, #508,327,050, a decrease of #53,160,380, while
in the case of feteam the valuation in 1870 was
BAILING
STEAMERS.
VESSELS.
Percentage
1870
Percentage
r
to whole
4'38
No. lost.
179
244
233
183
to whole.
No. lost.
2,313
2,682
2,276
2,076
Year.
3*88
4*72
4 04
3 68
562
#209,507,400 ; and in 1874, 392,016,600 ; an increase 1S72
4
52
of #182,509,200.
The total valuation, calculated as
3 41
above, has increased in the same time from a little less
It will be seen from the above that the total variation
than 771 millions to over 901 millions of dollars—an
from year to year is only about one per cent.; and were
increase of over 129 millions.
These figures serve to
it possible to obtain perfectly accurate returns, it is
show, not only the immense capital invested in vessels to
the commerce of the world, but also, inferentially, probable that it would be found to be even less than
this.
The percentage of the tonnage of vessels lost to
that, whatever may be the case with individual nations,
the total tonnage registered varies in about the same
the trade of the world is constantly increasing in extent
ratio.
Thus in 1873 the tonnage of sailing vessels lost
and importance.
was 3*54 per cent, and of steamers 4-15 per cent, of the
If, to these figures, which are certainly below rather
total registry, while in 1874 the percentages were, of
than above the mark, we could add the capital employed
in sailing these vessels, and to this again the value of sailing vessels, 2*92', and of steamers, 2*53 per cent.
In regard to the season of the year, it may be said that,
their cargoes—items which it is practically impossible
carry
estimate
with
approach to accuracy—we
should have a total too great to be easily conceived by
the mind, and yet it is with this immense sum that the
to
even
any
while it is difficult to find any
tween
the
ent years,
exact
correspondence be¬
reports of losses for the same month in differ¬
it is as easy to fix upon the “ unhealthy sea¬
This is shown by a
what percentage of its value each dollar invested in glance at the following, in which is given the number
and tonnage of both sailing vessels and steamers lost
vessels
cargo must pay to render it possible to make
good the inevitable losses. Were all the vessels during each month of 1873 and 1874:
science of marine insurance must deal.
It must tell
us
sons’’ for
ships
as
for mankind.
or
his task
would be
easy.
He would require only
to know the percentage of probable loss—which, as we
shall see, fluctuates within very narrow limits—and then,
knowing the rate of interest on money, he could make
his profit secure, and could afford to insure at much
lower rates than those which now prevail.
As it is,
however, the problem is complicated by the number of
insurers ; and by the furthe’’ fact that not all vessels are
of
the
insured.
arise
as
world
insured,
comparatively
and by one
Hence, innumerable distinctions and questions
to each individual risk, and every such increase
in the number of elements to be taken into
consideration
STEAMERS.
SAILING VESSELS.
man,
-1873
1871
March
168
32,711
34
20,361
18
64,882
57,347
42,127
216
40,054
19
11,515
15
221
46.920
23
15,192
19
14,159
236-
51,799
15
24,657
123
30,770
144
10
11
7,540
89
22.921
115
38,198
29,799
17,316
12,261
13,867
6,052
8,416
23
11
13
13,483
16
6,110
13,206
12
12,162
26,633
11,477
14
7,448
7
3,185
12
12,484
198
April
May
..
June
July
August
September..
..
..
October....
November..
December..
Totals..
...
..
..
No. Tonnage.
No.
221
..
Tonraae.
No. Tonnage.
Tonnage.
47,985
No.
Months.
January
February...,
1874.
—,
12
11,280
5,329
99
30,604
100
176
74
252
35,312
43,076
143
167
31.596
210
217
45.425
148
22,887
17
51.471
316
' 34,008
48,903
21
267
31
•17,815
20
11,213
15,436
2-276
503,516
2,091
425,112
233
179,663
183
132,247
29,932
43,211
.
22
21
Of course the figures here given do not absolutely
calculating the premium to be charged, increases the
difficulty of reaching a perfectly accurate result; this. the rate of insurance, which is necessarily varied
in
fix
in
March 20,
considerations • to be
carefully weighed by the judicious underwriter. Thus,
the age of the vessel, the nature of her cargo, the man¬
ner in which it is stored, the voyage which she is to
make, the character and reputation of her captain, wil
all have a bearing on the case, but none of these influ
each
279
THE CHRONICLE
1875.]
Liabilities.
particular case by other
be tabulated from any information we can now
obtain.
But what we have been able to present helps
to show
the importance of fuller statistics, and
Jan.
Amount due
1,’74. Jan. 1’75.
$
$
Increase. Decrease.
...585,570,035 303 935,649
depositors
650,600
328,677
21,448,952 24,31C,246
Other liabilities
Excess of lssets over liabilities
*
$
18,4 5,564
....... .
292,016
2,861,294
21,276,853
807,589,730 882,574,572
892,016
80,984,842
ences can
underwriters
lead
should
to greater
diligence in
gathering the necessary facts which may furnish the basi
for a general calculation of probabilities to be used the
world over, and the more full and complete the materials
for this calculation the more valuable will they become.
If to the registry of the vessels now kept by the different
‘‘Lloyds” could even be added a similar record of cargoes
and their values, the problem of insurance would be
greatly simplified to the advantage of all.
THE GENERAL LAW FOR
Statistical.
Number of institutions
Number of open accounts
Number of accounts
Constitution,
a
872,498
209,411
203,356
6,055
192,854
166,725
26,129
$
Amount
SAVINGS BANKS.
amendment to our State
general law has been framed at
839,472
Albany
deposited,
interest credited
33,026
cloned during
the last year
[Communicated.]
Iii accordance with the late
158
opened during
the last year
Number of accounts
3
155
reporting,...
$
$
$
not including
during last year.. 159,620,567
150,900,959 8,719,608
deposited, including inter¬
est credited during the last year. 175,774,564 167,040,908
Amount withdrawn during last year.175,375,532 148,743,231
Interest on profits received or earned
during the last year
19,313,760 19,809,337
Interest credited to depositors dur¬
ing the last year
16,153,907 16.139,949
340 12
348 35
Average'of each deposit or account..
Amount
8,733,656
26,632,301
495,577
14,048
8 23
large and increased balance indicates that the
trustees are at a loss to know how to invest their de¬
This
posits
as
they are required to do
by law. Another fact
by and under which all savings banks chartered in the in the same connection is, that the average deposit has
State are to be uniform in character.
Permit me,
constantly increased from 1860 to 1875, with the single
through your columns, to suggest two or three points
exception of 1873. Beyond question the decline for
which I think the Legislature should keep in view in
1873 was the result of the disturbances in financial
their discussions upon this
First and foremost, it
subject.
should be remembered that
affairs which
occurred during that year.
In 1860 the
average was $208 91; in 1865 it was $244 82; in 1870?
savings banks are institutions organized for the savings $296 80; in 1873, $346 79; in 1874, $340 12; in 1875 it
of the people and not places of deposit for capitalists.
was $348 35.
We all admit this truth, and yet perhaps forget the im¬
We thus learn that in times like the present capitalists
of its being made the central or ruling idea of
proposed law. Let us repeat it, then, that it is for
the safety and benefit of the small deposits of the labor¬
ing classes that the system is designed. Hence, it fol¬
lows of necessity that all business which may tend to
decrease the safety or profit of the class for whom the
banks were formed should be discouraged or prohibited.
Capitalists have fallen into the custom of using sav¬
ings banks as a convenience in times of low rates for
money and instability in the value of securities.
Five
per cent, interest has been quite difficult to obtain the
past year, and men of means have had large balances
lying idle, a very considerable portion of which they have,
therefore, turned over to these institutions. The officers
must have found it difficult, and, in most cases, impossible
to make five per cent, in any legitimate way; and conse¬
quently their dividends have in many cases encroached
upon their surplus.
The amount of unemployed capital
in our savings banks. January 1, 1875, was $24,453,337
against $20,872,479 the previous year, as appears by the
report of the Superintendent of the Bank Department,
from which report we take the following summary, as
published by the IST. Y. Tribune this week:
portance
the
HAVINGS
BANKS—SUMMARY OF REPORTS.
Resources.
1,’74. Jan. 1/75. Decrase. Inci'ease.
%
S
•
$
$
5,886,293
Bonds and mortgages
]110,773,559 116,639.852
11,192,992
Stock investments
153,355,664 164,548,656
2,097,392
3,238,209
5,335,601
Amount loaned on public stocks....
Amount loaned on stocks or bonds of
345,674
1,919,643
2,265,317
private corporations
26,902
581,224
554,322
Am’nt loaned on personal securities.
Jan.
'
Amount
reported as invested in
real
estate
on deposit in banks
companies
Cash
Cash
on
hand not
All other assets
and trust
deposited in banks
..
1,163.533
7,435.328
8,598,861
14,158,075
19,300,085
6,714,404
5 153 252
7,017,460
8,594,790
I,517,a30
307,589,780 828,574,572
24,989,060
5,142,010
1,561,152
always run into savings banks, and yet the officers
of those institutions find it difficult to employ their bal¬
ances, and cannot earn their usual dividend. Is it not wise,
therefore, and really a duty we owe the system, to dis
will
deposits ? We repeat again, it is not
organizations exist, and they should
not reap a benefit at the expense of the surplus of the
banks. Besides, large depositors are an actual source of
weakness, and especially in times when our currency is
fluctuating in value. In a moment of threatened dis¬
turbance or panic, they are the first to demand their
balances so as to put themselves in condition to invest in
the depreciated securities of the time.
Then it is that
bank investments have to be hastily converted into cash
at a large loss to meet the requirements of those who
have thus been feeding on them when pasturage else¬
where was poor.
J ust how this difficulty is to be met,
it is not necessary for us to say. We point out the
disease, and we hope the legislators will provide the
remedy. If they only remember the object for which
savings banks exist—that is, the safety, usefulness,
and profit of small depositors—the required legisla¬
tion will suggest itself.
Is it not all summed up in
the idea indicated above?—discourage large deposits;
decrease the interest on them, and when too large stop
them entirely.
But we leave the details for our friends
courage these large
for them that these
Albany to work out.
Another point to which attention should
which seems to have been omitted from
at
be drawn and
the bill now
before the Legislature is, that trustees of savings banks
should not at the same time be directors in banks where
any part of the funds of the savings banks are or shall
deposited. This clause was embodied in the act of
April 15, 1853, in relation to savings banks to be char¬
tered after that time, and for obvious reasons should be
be
4,004,218
20,984,842
in the new
law.
suggestion is, that hanks should
to'pay above, say, five per cent,
A further
as
account
93
0. S. 6s (5-20s,) 1865,old.. 107%
“
“
107%
1867
103
103%
C. S. 10-408
New 5s
telegraph
Marcli 11—Str.
Fri..
«'2%
93
93
93
107%
107%
107%
101%
107%
107%
92%
92%
107%
107%
107%
ior%
103
103
103
103
103
103%
103%
103%
103%
103%
“
(Red Winter)
“
“
(Cal. White club) “
Corn(W. mixed) $ quarter
Peas(Canadian).. $1 quarter
21
0
3
1
4
6
0
8
9
9
33
43
Mon.
d.
s.
21 0
8 3
9 1
9
4
33 6
43 0
Tues.
8.
d.
21 0
8 3
9
31
43
Liverpool Provisions Market. —Beef lias
and lard.
pork is higher, as is also bacon
Sat.
8.
Beef (mess) new $ tee
Pork (mess) new $bbi.
Bacon (long cl. mld.)$
Lard (American)
...
CheeseCAmer’n fine)
77
72
47
..
cwt
61
“
70
“
d.
6
6
6
6
0
Mon.
<1.
s.
77 6
72 6
48 6
62 6
70 0
1
4
9
0
9
1
1
4
6
0
9
9
33
43
21
8
9
9
33
0
3
1
4
0
43
0
21
8
9
9
32
43
declined the past
Tues.
8.
d.
77 6
73 0
49 0
63 0
70 0
The
been
Wed.
8.
d.
70
0
.
s.
Fri.
8. d.
76
73
49
75
74
49
0
0
0
63
0
70
0
Thur.
d.
0
6
0
63 0
70 0
0
6
0
3
0
76
73
49
63
0
3
1
4
9
week
Market.—Tallow gained 3d. during the
Liverpool Produce
week.
Sat.
8.
Rosin (common)...
$cwt..
5
d.
9
Mon.
8.
d.
5 9
17 0
Tues.
d.
8.
5 9
17 0
“
dne
17 0
10%
10%
10%
Petroleum(reflnod).... # ga!
9
“
9
9
(spirits)
‘‘
39 9
39 9
Tallowf American)... $} cwt 39 9
37 0
37 0
Cloverseed (Am. red).. “ 37 0
26 6
26 6
6
Spirits turpentine
“ 26
“
London
d.
s
Llns’dc’kefobl).^ tn 11 5
Linseed (Calcutta)....
58
8ugar(No.l2 D’ch std)
spot,
9
0
39
37
26
9
0
5
17
0
17
9
40
37
26
0
0
6
'
40
37
26
cwt
0
0
23 0
0 0
Whale oil
“
30 10 0
Linseed oil....$ cwt.
25 3
# tun.ill
Mon.
£ s. d.
11 5 0
Tiies.
£ s. d.
11 5 0
58
59
23
111 0
30 10
25
0
0
23
0 111 0
0 30 10
3
25
0
9
0
0
6
6
23 6
23
0 111 0 0 111 0
0 30 10 0 30 10
3
25 3
25
6
0
0
3
MISCELLANEOUS NEWS.
Exports for the Week.—-The imports this
week show a decrease in dry goods and an increase in general mer¬
The total imports amount to $7,223,855 this week,
chandise.
Imports and
$10,819,858 last week, and $9,658,790 the previous week.
The exports are $5,127,003 this week, against $5,242,000 last week,
and $3,469,070 the previous week. The exports of cotton the
past week were 9,284 bales, against 7,013 bales last week. The
following are the imports at New York for week ending (for
dry goods) March 11, and for the week ending (for general mer¬
against
chandise) March 12 :
NEW YORK FOR THE WEEK.
1872.
1873>
1874.
1875.
$2,279,948
$3,177,453
General merchandise...
3,782,640
3,694,645
$2,515,213
7,363,883
Total for the week..
$7,170,217
76,938,915
$5,974,593
82,475,621
$9,909,096
70,686,452
$7,223,855
66,819,905
$84,109,132
$88,450,214
$80,595,543
$74,043,760
Dry goods
Previously reported....
Since Jan. 1
$3,387,577
$14,820,072
....
4.946,402
$7,258,532
13,892,222
5.991,8*1
5,194,507
.
,
.
,
port during the past week
.Port an Prince
March 10—Str. Etna
Aspinwall
March.10—Str. Acapulco
5.419
..
6,475
3,766
Gold.....
Gold dust.
200.000
$216,640
Total for the week
2,421,092
Previously reported
iulul BIIlLc (Jail.
I, lOidi
Same time in—
1874
.$1,023,428
1873.
1872
1871..,.
606,695
.
292,381
.
.
National
mary
2,721,606
Same time in—
1870
1869
1368
1867
of certain weekly
Week
For
ending Circulation.
March 21 392,880,200
May 2.. 392,909,100
398.566.100
387.084.100
387.285.600
22.. 386.606.100
29.. 356.146.600
Sept. 5. 386,094,100
Sept. 12. 386,024,100
Sept. 19. 386,054,100
Sept. 26. 385,901,450
.
385,700,150
385,290,630
.
.
.
,
385,317.750
385.348,250
385,416,250
385.426,250
Total.
87,360,169
4,086,124
86,801,529
3,781,554 35,613,500
3,658,803 34,931,100
16.465.200 409.435.900
16.510.200 410.257.400
385,304,250
.
,
,
71,197,725
16.550,239
405,240.500
16.550.200
16.550.200
16.522.200
15.572.200
16.387.200
16,412,300
16.412.200
16.404.200
16.412.200
405.116.300 71,113,000
71,782,900
403,63 LOGO
403.807.800 71,660,482
402.178.300 72,425,119
402.533.800
402.506.400
402.436.300
402.458.300
70,802,189
68.542,163
71,810,868
73,809,350
402.313,050 74,576,652
16.412.200 402,112,350
16.412.200 401,702,830
16,487,200
16,437,200
16,437.200
16,327,200
16.277 200
385,349,750 16,387,200
385,128,250 16,132,200
384,959,750 16,457.200
384,695,250 16,482,200
384.458,600 16,482,200
384,348,850 16,482,200
383,663.250 16 633,200
383,534,150 16,452.200
382,469,650 16,452,200
382.083,650 16,062,200
March 6.. 382.359 150 16,152,200
March 13i 381,602,450 16,152,200
.
National
2,730,408 40.705.700
.
,
393,154
87,817,545
.
Nov .21.
Nov. 28..
Dec. > 5..
Dec. 12.
Dec. 19..
Dec. 26.
0
Jan.
Jan. 9..
Jan. 16..
Jan. 23,.
Jam 30..
Feb. 6..
Feb. 13..
Feb. 20..
Feb. 27..
1,126 015
409,444,300
16.365.200 409.281.900
n
.
2,411,767
16.270.200 409.150.400
385,530, i 50 16,462,200
385,187,750 16,512,200
Oct. 31.. 385,399.750 16,537,300
385,590,750 16,487,200
Nov. 4
Nov. 14., 385,339.250 16,487.200
.
r
Coin cer¬
Bal. in Treasury.—, tificates
Coin.
Currency. outst’d’ir.
16.535.200
July 25. 339,690,300
.
-
U. S. Treasurer in trust for
87,835,628
April 18. 393,747,200
April 25. 392,869,200 16,570,000 409.439.200 87,759,000
<89,031,885
May 9 .. 409,530,800 16.535.200 426,066.000
88,611,729
May 16 392,980,600 16.535.200 409.515.800
87.585,337
May 23.. 393,073,000 16,560,0)0 409,633.000
82,999,903
June 6.. 392,719,000 16.560.200 409.279.200
81,083,263
June 13 392,857,500 16.560.200 409.417.700
80,189.437
June 20. 392,863,500 16 535.200 409.399.700
June 27. 392,016,200 16.635.200 408.651.400 80,715,577
Jily 11. 390.111,800 16.595.200 406,707,000 70,827,601
filly IS. 389,259,800 16.695.200 405,955,000 70,694,077
Oct. 3..
Oct. 10..
Oct.. 17..
Oct. 24..
»
the Treasury :
ForU. S.
Deposits.
April 4.. 392,916,700
.
-
transactions at the National Treasury.
1.—Securities held by the
1
8.
15
t
Treasury.—The following forms present a sum¬
Banks and balance in
Aug.
Aug.
Aug.
Aug.
Aug.
have
$980
Gold
....Silver.
Gold.
Havre
Villc de Paris,
.
FOREIGN IMPORT8 AT
$664,270
14,155,812
follows:
.
COMYIEROIAL AND
Silver bars
.
Wed.
Fri.
Thur.
£ s. d. £ 8. d. £ s. d.
11 5 0 11 5 0 11 5 0
5S 0
58 0
58 0
0
23
0 111 0
0 30 10
3
25
Paris
Spanish gold coin..
Silver bars
Silver bars
t
American gold
Spanish gold
Silver bars,.
| Same time In
$6,419,935 | 1869
12,693,830 11868
3.937,759 j 1867
11.857,437 11866
6,257,271 |
April 11. 392,970,700
10%
10%
10%
9
9
0
6
8.
Markets.—Sugar advanced 6d. on
maintained.
Sat.
£
on
5
17
Frid.
Produce and Oil
Wednesday, which was
Snerm oil
Thur.
d.
8.
5 9
Wed.
8. d.
Hamburg
imports of specio at this
as
March 11—Str.
d.
8.
8.
$3,600
3,300
264,800
23,731
26,027
45,COo
121,300
15
844
65,475
39,000
55,192
bars
.Liverpool... .Silver
Gold bars
<-
Same time In—
Fji.
Thur.
d.
Wed.
s. d.
21 0
8 3
,
1874
1873
1872...;
1871
1870
market closes
Liverpool Breadstufts Market.—The breadstuff’s
quiet, with lower prices quoted on corn.
corresponding
comparison for the
Total since Jan. 1 1875
93
for United States 6s (1862) at Frankfort were:
IT. S. 6s(5-20s) 1862
99%
....
99%
99%
Liverpool Cotton Market.—See special report of cotton.
$ bbl
spr)..$ ctl
$49,730,342
Previously reported
Tb9 quotations
Flour (Western)
Wheat (Red W’n.
$57,501,918
Maracaibo... American gold
Liverpool-. ..Silver bars
Total for the week
Thur.
d.
49,698,289
$53,766,562
Pommerania
increased £228,000
92%
8.
41,970,329
$45,816,232
New York.
sixty-fives and
Wed.
Sat.
1875.
$5,127,0 6
44,603,336
March 9—Str. City of Havana....Havana
March 9—Str. Leseing
Hamburg
Marcli 10—Str. Java
Liverpool
March 11—Str. City of Vera Cruz. .Havana
92%
9?%
S—Str. City of
March
Tues.
Mon.
Sat
1874.'
$4,751,438
52,750,510
previous years :
date in
March 12—Sclir. Teazel*
March 13—Str. Baltic
Stock Market.—IT. S.
sixty-sevens have fallen off
The bullion in the Bank of England has
during the week.
Consols for money
“
1873.
$4,069,273
following will show the exports of specie from the port of
ending March 13, 1875, and since the
The
following summary:
Money and
1872.
New York for the week
markets of London and Liver¬
have been reported by submarine
WEEK.
$3,845,903
beginning of the year, with a
closing quotations ia the
shown in the
London
Since Jan.1
Reports—Per Cable.
English Market
pool for the past week
Previously reported.....
(ttcnninercial (Sitglisl) Neroa
Cateat fflonetart) anti
The daily
For the week
1875.
NewYork, March 16,
FOR THE
EXPORTS FROM NEW YORK
“ Droit et Avant.”
themselves.
our
March 16:
definitely defining the kinds of investments permitted,
would modify or entirely prevent the competition now
existing to secure deposits in weak institutions by offer¬
ing high rates of interest which the. latter cannot pay
with safety to
importso*
report of the dry goods trade will be found the
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
romthe port of New York to foreign ports, for the week ending
In
not he per¬
until their
surplus, estimating investments at par value, is at least
five per cent, of their deposits.
This clause, with others
mitted
[^rcii 20, 1875.
THE CHRONICLE.
280
80,140,450
400.831.050
399.986,350
398,921,850
398,145,850
398,511,350
397,754,650
9,583,126
35.856 600
8,724,633 35,073.700
10,548,965 32.413.600
11.492,177 30.977.600
13,327,435 29.465.300
13,780,171 29.797,400
12.443,075 31,683,900
12,714,924 32.770.700
12.364,117 33,043,100
16,900,000 33,500,000
14,632.634 32.795.800
14,722.064 31.889.800
14.977.318 30.773.600
13.208.319 29,010,040
14,768,663 28,770,240
14,689,151 28,861,640
14,270,198 28,545,040
14,117,767 27.375.600
13,796,142
22,632,100
15,460,101
16,108,390
21,067,000
15,402,821 22,838.000
14,588,355 22,952,000
15,093,899 22,592,400
14,S72,708 21,834,700
14,135,447 21,205,100
13,609,101 21,378,400
........
12,089,348
10,496,039
10,013,674
27,043.400
28,070,200
27,609,100
.....
69,070,765
67,987,072
70,610,776
......
,
8,643,037 23,517,800
9,013,000 21,816.800
S,673,475 21,724,900
.
74,000,000
9,830,000
76,200,225
8,148,509
2.—National bank currency in circulation;
received from the Currency Bureau by U. S.
tributed weekly; also the amount
33.705.300
35.255.600
26,914,000
401,937,050
84,093,000
402,077,950
82,091.772
4)1,826,450
401,834,950 .81,367,333
79,252,585
401,785,450
82,746,882
401,883,450
77,913,139
401,753,450
76.730,074
401,581,450
401,736,950 76,743,245
401,260,450
401,416,950 72,002,772
401,177,450 70,769,067
400,940,800 71,706,239
400,296.450
3,021,874
7,977,097
13,655'035 23,739,400
401.992,350 79,477,265
401,699,950
37*,176,*l"66
22,000,666
22,142,10
fractional currency
Treasurer, and dis¬
of legal tenders distributed;
March 20,
Notes in ^-Fractional
Circulation
Received.
Week
ending
March 21
April 4...
April 11.
April 18..
April 25 .
May 2...
May 9...
May 16..
May 23...
June 6...
June 13.
June 20..
June 27..
8
Aug.
349,086,208
357,000
349,059,558
357.000
628.900
348.898.508
357,000
349,039,869
349,132,276
348,911,683
348,778,738
350,581,932
672,000
466,900
548,100
604,800
'690,900
942.200
667.200
350.620,062
349,237.824
349,659.868
349,984,993
350,128,878
.
350,199,898
350,563.493
Aug. 15.,
Aug. 22..
Aug. 29..
350.332,653
350.534.203
Sept. 5..
Sept. 12..
Sept. 19..
Sept. 20.,
Oct. 3...
Oct. 10..
Oct. 17..
Oct. 24..
Oct. 31..
Nov. 7..
Nov. 14..
Nov. 21.
Nov. 28..
Dec. 5
914,000
566.200
958.200
541.100
830.300
348,90S,979
July 11..
July 18..
July 25 .
Aug. 1..
Distributed. Distrib’d.
1,196,300
326,900
333,560
357,000
348,571,869
349,071.057
348,977,883
349,081,083
.
350.622.203
350,383,606
350.436.153
349,537.998
349,205,178
350,944 223
357,349,752
.
..
348,740,022
.
Dec. 12..
Dec. 19
Dec. 20
Jan. 2..
Jan. 9..
Jan.16
Jan.23..
Jan. 30..
.
521,500
347,106,221
465,500
347.959.471
331.400
347,876,131
350,256,446
435,200
263,900
345,601,09fi
345,562,363
345,015,428
344,310,452
344,464.477
344.596.472
Feb. 6...
Feb. 13..
Feb. 20..
Feb. 27..
March 6.
316,872,489
3,053,000
2,800,200
941.100
3,207,000
3,873,895
3,903,780
3.167,800
2,544,500
2,568.985
2,342,500
'•
1,201,400
677.600
989.300
843.400
790.200
788.300
1,383,000
2.500,000
1.130.900
716,000
457,000
'
1.148.900
1,520,708
9G5,000
'
1,090,000
644.900
2,859,190—
'
'
2,140,434
387.900
2,723.214
2,608,051
2,209.180
3,505,935
'
-
801.500
539,700
784,700
933.100
642,600
'
3.559,153
2,645,183
2.413,610
2,378,817
3,062,715
2,460,358
3.766.360
3,241,481
3,535,671
3.324.361
2,448,299
576,100
2,506 856
3,028,390
619,000
3,341,569
345,898,527 •- 584,800
March 13
1,441.000
653,700
406,700
346,990,532
889,500
1,070,000
749,009
546.300
,
741,300
476.000
476,900
1,198,500
838.300
Railroad.—At a recent meeting of the
Railroad Trustees, contracts to the amount
Cincinnati Southern
Cincinnati Southern
bonds
Ala.—The last coupon paid on the
Westward Freight
Rates.—The new rates, taking effect on
forwarded^to meet
1874. No money was
the three Trunk lines from New York are as fol¬
Chicago as a basis: First class, 75 cents; second
class, 70 cents; third class, 60 cents ; fourth class, 45 cents ; spe¬
cial, 35 cents ; lower class—sugar, coffee, and syrup—30 cents per
100 pounds. The rates to the same point that prevailed uuder
the Saratoga compact were $1, 90 cents, 75 cents, GO cents, and 45
March 18, on
lows, taking
1,380,500
528.100
683,500
979.100
613.600
782.100
870,100
350,193,593
349,327,208
347.176.153
972.500
1,017,500
816,500
709,800
952,000
1,134.200
687,400
885.500
95-4,800
1,467,900
965,300
632,100
560,000
761,500
Northwestern Company has
Montgomery City,
of this city was in July,
the January interest.
1,015,500
1,486,000
356.400
1,098,300
980.000
348,089.311
357,831,630
.
.
878.500
916,300
623,000
579,600
599,900
663,000
607,600
these lands.
Only the Chicago &
paid its tax upon such lands.
Leg. Tend
Currency.--.
281
CHRONICLE.
THE
1875.]
This,
this
cents
respectively.
The Baltimore & Ohio is not in
the arrange¬
ment.
—The large
the renowned
and noble fleet of
Cunard Company,
Maclver, has recently been
first-class steamships owned by
managed chiefly by Mr. Charles
augmented by the arrival in
Liverpool
Scythia, a steamer said to be in every respect equal to the
high requirements of the fleet into which she has been received.
Like all the vessels belonging to this line, the Scythia has been
built on the Clyde, and, like many others of them, she has been
built and engined by Messrs. J. & G. Thomson, of Glasgow. This
magnificent steamer, which is another floating palace, is 432 feet
in length between the perpendiculars ; is 42 feet 6 inches in
moulded width, and 36 feet in depth, and has a builders’ measure¬
ment of 4,556 tons.
She is supplied with all the improvements in
build and machinery which science, long experience, and an ar¬
dent desire to secure safety, comfort, and spaedy transit could
suggest, without regard to cost. The Scythia is propelled by
compound direct acting engines, of GOO horse power, nominal, but
capable of being worked up to five times that amount. The ves¬
sel is very strongly built, and is divided into seven water-tight
compartments by six strong iron bulkheads, which extend from
the keel up to the main deck ; which latter, it may also be stated,
consists of strong-plated iron, covered with wood. The Scythia
is provided with twelve lifeboats of large size, all constructed on
the self-righting principle, and all fitted with lowering appliances
by which they can be at once and safely lowered into and placed
in the water, while there is an abundant supply of life-buoys in
every part of tbe ship.
She is fitted to accommodate 1,500 per¬
sons, including her crew.
Of that number there is accommoda¬
tion for 300 first-class and for 1,000 second and third-class pas¬
of the
$363,901 47, for bridges, trestles, &c., were awarded.
sengers.
the Cincinnati Commercial, completes the awards on
road between the Cumberland and Ohio Rivers, inclusive, with
—Messrs. Hassler & Co.’s weekly report says : The following
the single exception of the bridge over the Kentucky River, Northern Pacific Railroad bonds having been stolen, we would
which will be 275 feet high—the highest in the world.
Bids for caution purchasers in r?gard to them :
this—for suspension and pier—will be received up to the 15th
Coupon bonds: $1,000, Nos. 5,181, 5,182, 3,952, 4,721, 1,029,
iust.
The contracts awarded included $190,929 to the American 4,009,13,037, 12,038; $500, Nos. 0,818, 4,829, 1,127, 3,914, 3,910;
Bridge Company, of Chicago ; $65,061 to Keystone Bridge
$100, Nos. 2,724,7,999. 11,293, 13,200,14,145,17,334,17,335. 18,237,
18.238. Registered bonds : $1,000, Nos. 735, 730 ; $500, No. 295 ;
pany, of Pittsburg; $107,371 to Louisville Bridge and Iron
pany, Louisville.
$100, Nos. 1,287, 1,288,1,291, 1,292.
Land warrants: $100, Nos.
Louisville City Finances.—The recent message of the Mayor 130,328.
contained the following:
—At a meeting of the trustees of the Pacific Mutual Insurance
The permits issued from this office indicate that, despite the Company, held at the office of the company on the 15th day ot
financial troubles, the building season has been the most prosper¬ March, 1875, resolutions were unanimously adopted expressing
ous within the history of
the city, more new buildings having their deep sense of the high character and noble qualities of Mr.
been erected during the past twelve months than for the same Wm. Leconey, the late vice-president of the company, and render¬
period of any othei* year. There were issued during 1874 one ing to his bereaved family the sympathy which was justly their
thousand and eighty five permits, at an estimated cost of $1,809- due on the loss of so dear a relative.
of
Says
Com¬
Com¬
“
1873, with an
cost, it is fair to presume that the actual cost, which is usually
about twenty per cent greater, was §2,242,840.
The credit of the city was never better than at present.
The
assessment for the year 1874 was $79,295,135 ; the tax levied for
all purposes was $i,552.244. Funded debt Jan. 1, 1874, $8,253,500; issued since, $500,000—$8,753,500; cancelled and destroyed
by sinking fund, $249,500 ; debt Jan. 1,1875, $8,504,000 ; increase
in 1874, $250,500.
Indirect or indorsement debt remains as be¬
fore, $1,508,000. The revenue for city purposes was $550,583 ;
the-expenditures for city purposes were $509,509 97; excess of
expenditure over revenue, $18,920.43.
“The floating debt, Jan. 1, 1874, was $775,260; this wTas in¬
creased during the year 1874, $00,608—$835,874. To pay this
floating debt the Legislature was memorialized by your honor¬
able body for permission to issue ‘ old liability bonds/ and to
hundred of the six hundred reconstruction bonds previ.
ously issued. This was granted, as follows: 400 old liability
bonds and 100 reconstruction bonds, which netted $454,400 91.
Amount floated in 1874, $354,713 28.
The floating debt January,
or ninety seven more
increased cost of $05,000.
040,
than during the year
But as this is
merely the estimated
“
•
use one
1875, was $405,909
33.”
lows
subject to taxation
according to the decision, is as
Jackson Lansing & Saginaw
Port Huron & Milwaukee
Detroit & Milwaukee
Flint & Pere Marquette
Grand
Marquette Houghton & Ontonagon
fol¬
CINCINNATI MUNICIPAL 7 3-10
A limited
PER CENT. BONDS.
amount for eale by
KUHN, LOEB & CO.,
Bankers, 31 Nassau street.
to
RAILROAD BONDS.—Whether you wish to BUY or SELL, write
HASSLER & CO., No. 7 Wall street.
.
306,492.31
301,461.77
N. Y.
ADVANCES
on
Cotton in store.
& CO.
STOCIv SPECULATIONS
Conducted by us
in every form on commission
PUTS, CALLS AND
Cost $100 to $2C0, and controls 100
moves 10 per cent (luring that time,
Acres.
...721,469.25
. ..
6.468.68
30,993.75
512,938.06
833.6S4.63
The amount of tax unpaid on these railroad lands in 1873 was
$82,099 06. Adding the bids to the State and redemption inter¬
est, it would cost the railroads, March 3, 1875, $132,103 to redeem
BANKING AND FINANCIAL.
II. M. WATERS
:
Rapids & Indiana
Ghieago & Northwestern
Railroad Company has declared
of
and one-half per cent on
the company, payable on
office of the company in
Transfer books close on 31st of March, and re-open
Philadelphia & Reading
Philadelphia.
April 12.
Made
Michigan Railroad Tax Cases.—In the case of the State of
Michigan against the railroad companies, involving the land grant
taxation question, the United States Supreme Court <gave a deci¬
sion, March 3, in favor cf the State. A dispatch to the Chicago
Tribune from Lansing, Mich., says :—The amount of land granted
to Michigan railroad companies, that has not been sold, and that
will be
—The
the regular quarterly dividend
two
both the preferred and common stock of
and after the 26th of April next, at the
shares of stock for 30 days.
THE INVESTMENT
The
only.
DOUBLE PRIVILEGES
PAYS $1,000.
liability is limited to the amount paid for the contract.
negotiated through us are obtained at the best rates
Contracts
and
on
If the stock
in the market
responsible parties.
PAMPHLET SENT FREE,
explaining the various modes of operating, and how the liuctuations of
market may be best taken advantage of. Address, for particulars,
TUMBRIDGE & CO., Bankers and Brokers.
*4Wall street, comer Broadway,
the
N. Y.
22..334——MFCeiirtszcthans1
THE
282
<iljc
NATIONAL BCVKS
advance on the prices of last week.
The call
$30,000,000 five-twenties can hardly fail to have a
strengthening influence on the prices of U. S. securities,
particularly of the five per cent, issues, and all the sixes which
are not likely to be soon called.
It seems to be generally conceded
now that Secretary Bristow ucted rightly in not calling any of the
61’s out of their regular order.
Closing prices daily have been as follows Mch.
:
Mch. Mch. Mch.
Mch.
fractional
<&a?ette.
©ankers’
lor
ORGiNIZCD.
The United States Comptroller of the Currency furnishes
folio wing statement of National Banks organize i the p ist
the
vveek :
2.23!—We4 W.itervl le Nitional Bink. Maine. Authorized capital. $75,000 ;
paid in c ipilal, $18,0 *0. Albion P. Benjamin. President; George II.
Bryant, C ishier. Authorized to commence business March 10. 1875.
National lank of Attleboro, Miss. Authorize capital, $100,000 ;
Mch.
Company.
When
P’able.
kooks
16.
17.
18.
19.
120
*119%
119%
i!9%
reg.. Jan. & July. U9%
*120% 120% 121
.coup..Jan. & July. *120.%' *120%
*117
*117
*117
*117%
6s, 5-20’b, 1862 ... ...reg. .May &Nov. *117
6s, 5 20'b, 1862..
coup..May & Nov. *117 *117% *117% *117^ *117&
6s, 5-20’s, 1862,Called Bds..May & Nov.
*117%
6s. 5-20’s, 1864,..... reg..May & Nov. *117% *117% *117% 117% *117%
announced :
Cent.
15.
120
6s, 1881
DIVIO ENOS.
Per
13
6b, 1881
Willard Blackinton, President: Shepard W.
Authorized to commence business M irch 10, 1875.
National Bank of Wlrteh ill. N. Y. Authorized capital,
1150,000; paid in c pital, $150,000. L J. N. Stark, President; J. M.
Guy. Cishier. Aurhorized to commence business March 12. 1875.
1 N iti >nal B ink of Mancie. I id. Authorized cap tal, $!< 0,000;
paid in capital, $85,400. Geo. W. Spilker, PresidentJohn Marsh,
Cashier. Au horized to commence business March 15, 1815.
Carpenter. Cashier.
Dividends have recently been
period.
Imt.
paid in capital, $50,000.
The following
[March 20, 1875.
CHRONICLE
Closed.
(Days inclusive.)
120%
*117
*117
*117%
6s, 5-20’s, 1864.....coup..May & Nov. *117% *117% 118% 117% 118% *118
6s, 5-20’s, 1865
reg. May & Nov. *113% *118% 119
*118% *118% *118%
6s, 5-20’s, 1865
coup..May & Nov. *119% 119% *119% 120 *120
119%
6b, 5 20*s, 1865, n. i., reg..Jan. & July *118% *118% *118% 118% *118% *118%
6s.5-20’s,1865 n. i ,coup Jan. & July. *118% 118% 118% *118% 118% 119
6s, 5-20’8, 1867
reg..Jan. & July. 119% *119% *119% *119% *119% *119%
6s, 5-20’s, 186?.... coup..Jan. & July. 119% 119% 119% 119% 120
120
6s, 5-20’s, 1868
reg. Jan. & July. *119% 119% *119% *119% *119% *119%
6s, 5-20^8, 1868
coup Jan. & July. *119% 119% 119% *119% 120
119%
5s, 10 40's
reg. Mar. & Sept. *114
114 *114% 114% 114% *114%
58,10-40'b
coup..Mar. & Sept. 114% *114% 114% 114% 114% 115
reg ..Quarterly. *114%
115% 1151* *115%- 115%
5s, funded, 1881
5s, funded, 1881, ..coup
Quarterly. 115
115% 115% *115% *115% 115%
6s,Currency
reg. .Jan. <fe July. *119% *119% 119% *119% *119% *119%
.
Ra'Groads.
Chicago Rock Island & Pacific
& Harlem, pref. and com
Phila. & Reading, pref. and com. (quar.)..
New York
4
April 27 April 6 to April 27 1
2
April
2%
April 26
Friday.
1 Mch. 21 to Apr. 1
Mch. 31 to Apr. 11
March 19, 1875—6 P. M.
the Board.
This la the price bid : no saU was made at
The range in prices since Jan. 1, and
*
Situation.—There
has been less animation in the stock market this week, with
prices generally steady ; Governtnect bonds are higher; gold
advanced to 116f on Thursday, the highest point yet reached in
the late upward movement, and exchange declined correspond¬
ingly to 4.78, as the price of actual transactions in prime 60 days
Tlie
Money Market
and Financial
the amount of each claBS
outstanding March 1, 1875, were as follows:
,—Range since Jan. 1.—~ ,—Amount March 1.-.
Lowest.
Registered. Coupon.
Highest.
Mch. 15 $193,305,250
$.
6s, 1881
reg..118 Jan. 5 120
89.431.1C0
Mch 18
121
6s, 1881
coup.. 118% Jan. 8
97.200,200
3,823,950
6s, 5-20’s, 1862
coup
114% Jan. 2 116% Mch. 2 26.246.100
32,746,700
of bonds
....
6s, 5-20’s, 1364
coup...
6s, 5-20’s, 1805 .....coup..
6s, 5-20’s, 1865, new,coup..
6s, 5-20’s, 1867
coup..
6s, 5-20’s, 1868.coup.
bankers’ sterling.
118% Mch. 16
120% Feb. 3
119% Feb. 3
120% Feb. 3
116 Jan. 11
118% Jan. 8
117% Jan. 8
118% Jan. 9
118 Jan. 9
118,762,250
33.772.100
57.781.950 144,881,150
has been slightly firmer in consequence of
88,409,650 222,213 100
statement of last Saturday, which showed
120
Feb. 8
14.093,500 23,380.500
a considerable reduction of bank reserves through the withdrawal
116% Jan. 29 141,362,750
5s, 10-40’s
..reg.. 113%Mch. 5 117% Feb. 12
53,203,550
of specie.
The rateg on call loans have ranged at 24 to 5 per 5s, 10-40’s
coup.. 113% Mch. 4 116 Jan. 29 197,907,250 179.404,200
coup.. 113% Jan. 2 120 Jan. 30 64.623.512
cent, according to the standing of the borrower, or the collaterals 5s, funded, 1881
reg.. 117% Jan. 4
put up, and at these rates there has been a full supply; today 6s,Currency
Closing prices of securities in London have been as follows:
the range was from 3 to 5, with the bulk of business done at
Since Jan. 1, 1875.—
Mch.
Mch.
Mch.
about 4 per cent.
In commercial paper there lias been a rather
Lowest.
19.
Highest.
12.
5.
better trade, particularly in drygoods paper, which is not affected
108
Jau. 30
by the recent failures among tea and sugar houses. Quotations U. S. 6s, 5-20’s, 1865, old.. 107% 107% 107% 107% Jan. 2 108
Jan. 4
107% Mch. 19
107%
107%
107%
for strictly prime paper are 5£ to 6 per cent.
U. S. 6s, 5-20’s, 1867
103
102% Feb. 13 105% Feb. 6
103
103
O. S.5s, 10-40’s
The financial markets in London seem to be little disturbed by
:
102% Jan. 16 103% Jan. 2
103%
103
103%
the suspension of Ini Thurm & Co. last week, and tlie consequent New 5s
State and Railroad Bonds.—There has been a very limited
failure of the General South American Company, announced on
Wednesday last; the assets of the latter are said to be sufficient business in State bonds ; Tenuessees are stronger, apparently in
to pay tlieir liabilities in full.
The Bank rate remains at 34 per consequence of the Governor’s veto of the bill which prohibited
the State officers to make temporary loans to meet expenses.
cent., and the bullion in bank increased £228,000 in the week.
The Bank of France gained 10,000,000 irancs in specie.
From North Carolina it is learned that the funding bill has passed
The last weekly statement of the New York City Clearing
both houses of the Legislature, and has been or probably will be
House Banks, issued April 13, showed a decrease of $3,393,775 iu sigued by the Governor, providing that the aggregate indebted¬
the excess above their 25 per cent, legal reserve, the whole of ness to be represented by new bonds shall be only $4,560,803.
such excess being $2,543,500, against $5,937,275 the previous The amount of interest for the first two years at 2 per cent is
week.
$91,396 per year; for the next three years at 3 per cent, $137,The following table shows the changes from the previous week 792 per year; for the next five years at 4 per cent, $182,792 per
and a comparison with 1874 and 1873:
year ; for the next twenty years at 5 per cent, $218,400.
There
1873.
1874.
seems to be little prospect that the State creditors will accept
Mch. 15.
Mch. 14.
Tlie money market
the unfavorable bank
Mch. 6.
Mch. 13.
Differences.
$288,028,H00
Specie
13,305.100
7,075,900 Dec. 6,229,200 27,914,300 16,946,700
Circulation....
22.410.100 22,229,000 Dec.
181,100 26,720.900 27,610,400
Net deposits.. 230,110,900 223,501,200 Dec. 6,609.700 213,238,500 196,095,400
50,159.900 51.342.900 Inc. 1.183.000 61,652.600 33.715,500
Leval tenders.
For the purpose of obtaining a construction of the recent law
the following questions were addressed to tlie U. S. Commis¬
sioner of Internal Revenue by Mr. F. D. Tappen, President of tlie
Loans
anadis. $292,505,800
$283,446,000 Dec. $4,059,800 $285,717,100
Gallatin National Bank :
1. Are notes, drafts and acceptances, when made payable at a bank, subject
to a sump tax of two cents, and if so, does the tax apply to notes, drafts and
acceptances drawn or accepted prior to Feb. 8, 187% and" which have matured
ar.d i-ince been paid V
2. Does the tax apply to checks drawn by a bank upon itself, for the pur¬
pose of paying its own dividends and the dividends, coupons or interest
other corporations ?
3. Are checks drawn by a State, county or city government on a bank sub¬
ject to this tax ?
of
reply, Commissioner Douglas says:
said ac‘ of Feb. 8, 1875, provides: That a hank check, draft,
order or voucher for tfie payment of any sum of money whatsoever, drawn
upon any bank, banker or trust company shall be subject to a stamp tax of
In
Section 15 of
such
a
heavy reduction.
Railroad bonds have been tolerably active, partly on specula¬
tion.
The Pacific issues have led the market as usual, and Central
and Western Pacifies have advanced, while Union Pacifies, after
pa*st few weeks, have re acted some¬
made to realize. The sinking fund
at the present price of 88, yield
a little over 9 per
cent per annum on the investment. Among
other low-priced bonds of solvent railroads, several of which have
been earning a considerable surplus above all their interest
requirements, are some issues of the Milwaukee & St. Paul bonds
at 71 to 85; Chicago & Northwestern gold 7s at 83^ ; Ohio & Mis¬
sissippi second consolidated mortgage 7s at 81, interest payable iu
April ; Pacific of Missouri second mortgage at 794. As railroad
business gets more settled, and the earnings of these and other
roads are more definitely ascertained to show a surplus that bids
fair to continue from year to year and also to increase, the lowpriced bonds will probably be picked up by investors who seek a
the very large advance of the
what in consequence of sales
bonds bearing 8 per cent interest,
high rate of interest.
Daily closing prices
of a few leading bonds, and the range
two cents.
reply to your specific questions:
First—That if there is any understanding between the bank and the maker
of the notes, or a ceptor of the checks, d afts or orders payable at bank, that
all such notes and accept mces sh ill be paid by the bank and charged in the
account of the maker.-, drawer or acceptor, in the same manner as ordinary
checks would "c; such notes and acceptance are considered liable to the two
c-nt stamp tax as ** vouchers11 for the payment of money by the bank.
This
applies to notes, drafts e c., made, drawn or accepted prior to Feb. 8, 1875,
when paid by the bank on or after that date.
Second—This tux applies to cbe ks drawn by a bank upon itself for the
purpose of [laying its own dividends, coupons or interest of other corpora¬
tions or f >r oilier payments.
T iird--Checks dr <wn by "tste, county or city officers in their official capa¬
city upon public bonds deposited in a bank are exempt, if said bonds are
kept separate from any private accounts, it n >t being within the intent of the
Mch. Mch.
I
public treasury.
with reference to some other questions frequently
this office: Timt orders for dividends are subject to the t.x if
definite and certain sum, but not other »ise.
Au ordinary certificate of deposit used in the ordinary manner
law to tax a
I will add,
6sTenn., news...
6s N.
6s N.
6s
do
16.
13.
In.
46%
46%
ft.t
Mch.
19.
Mch.
IS.
47
*46%
Car.,old
Car., new
2d series.
r
....
Virg., consolid *59
*36
5sS.C.,J.&J.... *29
58 Mo. long bonds
97
N\Y. C.&H. 1 st 7s *113%
C. Pac.,gold 6s...
97%
(Jn Pac., 1st 6s...
97
do
L’dCr’lTs 100
do
S. F. 8s.:
90
ErielBt M.7s..... *105
N. J. Cen. 1st 7s.. *109%
*59
*35
*59
•35
»
^
^
o
.
•
98
97%
100
90%
10b
109%
■109
N.W.gold 7s
82%
83
101%
-
4
-
*58%
*58%
•29
*35
*29
*53
*35
*29
<
—Since Jan.
Lowest
Highest
5
Jan. 27 55% Jan.
41
Jan. 18
7 29
27
Jan.
7
Jan.
7 16
Jan.
16
HD«Jan. 26 57% Feb. It
,
-
"
...
31
Feb.
*
14
Jsn. 27
35
9 i% Jan. 23
*96%
91% Jan.
Mch. 17
113% 111% Jan. 18 114
3
92% Jan. 6 98% Feb.
97%
6
90
Jau.
97% Mch. 15
96%
97
8 100% Mch. 8
Jan.
*99
90
99
99% 100
11
88
80% Jau. 5 90% Mch.
89
87%
90%
Mch. 16
Jan. 11 106
*106
*106
*106% 104
106
Feb. 27
*
109% lo7J< Feb. 1 no
109
109%
Mch. 11
*103% 106% Jan. 7" 110
109
*109% 109
Men. 11
5 103
105
Jan.
10-1
103
*107% 107
18
83% 79% Mjh. 1 83% Mch.
83%
83%
81%
97
•
*10‘%
*107
«
97
Ft Wayne 1st 7s.
Rook TsUI 1st 7s...
C. &
*46%
Mch.
17.
•113%
97%
*96%
113%
97%
96%
*97%
113%
97%
96%
-
-
*
*
proposed to
This Is the nrice bid. no«al«was made at the Board.
drawn lor a
Railroad and Miscellaneous Stocks.—There has been less
is not liable.
Interest coupons are considered t-xempt.
Bills of exc iange. foreign as excitement than laat week in the stock market, but still a pretty
well as inland. wh*m drawn upon a bank, banker or trust company, are held
sharp contest between the bull and bear parties, which has left
to be subject to the ia.x, whether payable at sight or otnerwise.
the market at the close with prices steady, and on some of the
Duplicates of bit s, orders, etc., are Fable the same as origi als. Receipts
leading speculative stocks decidedly above the closing figures of
not relating to banking busi ess, for instance for rents, are exempt.
The week opened with Union Pacific strong, and
United. States Bonds.—Government securities have been last Friday.
Pacific Mail and Northwestern, which are supposed to be under
stronger with the higher range of gold, and close at a
*
...arch 20,
1875.]
283
CHRONICLE.
THE
to the end of their rope,
but that opinion is proved to have been
much uncertainty as to the strength
which they possess.
It seems tolerably clear that no relief of
deal of stock in the hands of parties who had bought at much importance can be obtained soon from the presentation of coupon
bonds lately called by the Secretary of the Treasury, as they are
Slower figures.
There were also attacks made on the market, at times, by par¬ held chiefly abroad and are scattered so that they will come in
ties who had been caught
short ” in the late rise ; but, upon the but slowly. The registered bonds are held here, but they are of
whole, there has been much strength evinced, and all the stock a relatively small amount, and it is reported that the clique have
offered has been taken without auy important break occuring in made efforts to keep them from being presented. On gold loans
price*, which closed strong this afternoon at about the best prices the rates have fluctuated considerably, touching a maximum of
1-32 per diem for use on each day until to-day, when the quota¬
of the day.
tions were 1@2 per cent to flat.
For the purpose of showing the total transactions of the week
Time loans are quoted at -Ra)£ for
15 days, and 1@1£ per cent for 30 to 60 days.
n the leading stocks, we have compiled the table following :
About $1,000,000 of
Pacific
Lake West’n Chic. &
St. Union Ohio &
has been received this week from California. Customs
gold
Miss. Wah.
Mail.
Shore. Union. N’west. Paul. Pacitic.
receipts have been $1,807,000.
900
8.700
15.200
2,600 37,900
Mch. 13
9,900
31,400 13,000
The following table will -show the course of
gold and
15...
2,100
1,800 70,600'' 10.500
22,10C
5,600
41,600 20,400
7,300 operations of the Gold Exchange Bank each day of the past
16
48.200 16,400
5,000
30,200
3,200 59,300
4,300
the same bull influence as the former, also firm.
Subsequently
there were large sales to realize, as the advance recently made on
all these stocks has been large, and there was necessarily a great
erroneous,
and there is
now
1
8 5.1
it
■
.
“
.
“
.
“
17
“
18
19
“
25,000
36,900
4,900
7,300
9,200
.173.000
41,200
.
43,600
.
.
Total
31.000
29,300
45,100
20,600
19,500
5.100
50,300
3,100
39.400
24,100
2,500
226,600 114,000
4,200
48,000
6,500
8,300
6,800
18,300 305,500
45,800
19,300
week:
2.800
2.000
at
seen
(turned
.
.200,000
glance what proportion of the whole stock has been
a
in the week.
The fears of manipulation
Total
115% n5% 115%
15....115% 115% 116
116
16... 116
115% 116% 115%
170,322,000
62,293,000
76,353,000
62,864.000
80,201,000
52,372,000
17....115% 115% 116% 116%
18.... 116% 116% 116% 116%
19 ...116% 115% 116% 116%
Balances.
,
Clearings.
*
Gold. Currency.
$1,832,783 $2,556,908
879,296 1.039.868
992,000 1,282,175
1,024,280 1,685,594
940,032 1,299,419
990,070
810,964
over
N.Y.Cen.&H.K.
Saturday,
Monday,
Mch. 13.
Mch. 15.
102% 103
*129%
27
27% W%
27%
Lake Shore....
79% 74
73% 73%
Wabash
13% 14
14%
Northwest
45% 46%
45% 45%
do
58% 59%
pref. 53% 59%
Rock Island
105
105% 105% 106
35% 35%
8t. Paul
35% 35%
do
nr el....
56% 56%
56% *6%
At.* Pac.,pref. 14% 14%
17% 14%
O ilo & Miss...
25% 27%
27% 27%
central o: N.J.*(10% 111
410% 111
Del., L. & West*ill% Illy 1C% 111%
Han. & St. Jos. 23%
24%
23% 24%
Union Pacific..
48* 49%
47% 48%
5%
5%
Col.Cliic.&I.C.
5% 6
115
413
Panama
*113% 115
76%
77%
West, Un. Tel. 75% 76%
*22
23%
At. & Pac. Tel. *22% 24
*31% 83%
*32% 34
Quicksilver
4'»
do
44%
pref. * —
Pacific Mall....
39
39%
33% 39%
104% 404% 105
Adams Exp....*101
63% 63%
American Ex..
63% 63%
ItnltedStates.. *59% 60% *59% 6U%
87% *86%
Welle, Fargo.. *8?
Harlem
102% 102Y
*130
Erie
...
....
This Is the price
bid and asked
The entire range
..
...127%
2".%,
72%
ch. 18403
Jan. 12;130,%
Feb. 27 30%
Feb. 17 80%
Feb. 17 21%
Mch. 1 48%
Del., Lack. & Western.106% Jan.
18% Jan.
36
Jan.
Panama
4% Feb.
110% Jan.
Feb.
.
Western Union Tel— 70%
Atlantic & Pacific Tel.. !9
Jan
Feb.
32
Quicksilver
pref
Pacific Mail
do
....
Feb.
36
30% Feb.
98 Jan.
Jan/ 4
Jan. 2
Jan. 2
Jan. 4
Jan.
2
Mch. 15
I
Jan.
Mch.
44
41
Total
Jan. 15
Jan. 11
60
Sept. 28 73
Feb. 16 69% Jan. 51 84
of Jan.
Rap.& Minn. 1st week of Mch.
Atchison, T. & S. Fe Momh
Bur. C.
Central Pacific.
Month of
Feb.
Cin.Lafav. & Chic.. Month of
Feb.
Denver &R. Grande. Isr, week of Mch.
Illinois Central
Month of Feb.
.
..
Indianap. Bl. & W... 1st week of Mch.
Indianap. Cin & Laf. Month of Feb.
Intern’l &Gt. North. 1st week of Mch.
Kansas Pacific
Month of Feb.
Mo. Kansas & Tex... Month of Feb.
Ohio & Mississippi.. MoDth of Feb.
St. L. Alton & T. H.. Month of Feb.
do
branches. 1st week of Mch.
St. L. I. Mt.& South 1st week of Mch.
St. L. & Southeast.. Month of Feb.
St. Paul & S. City,&c. Month of Jan.
Toledo P. & Warsaw. 1st week of Mch.
Union Pacific
Month of Jan.
.
1875.
1874.
$68,059
$02,792
20,344
20,812
902,000
27,243
6.625
458,158
28,292
111,577
22,788
188,495
205,000
243,624
73,864
9,660
72.300
80,087
33,880
18,623
574,9:30
804,044
36,814
5,8.8
517,674
31,744
125,000
22,552
178.429
230,371
50,658
1,009,692
241.65S
245.364
257,863
351.232
421.001)
9
10
—
24
9
Nov. 30
$62,792
209. fl60
1,652.692
75,439
44,224
1,101 671
31*2,843
269,944
261,723
34*,778
243,167
83,507
492.874
151,740
426.704
509.206
183.231
8,752
122.584
84,856
65,482
623.895
532,924
99,146
42,385
164,623
21 i, 286
33.880
42,385
19,766
620,715
151,869
574,930
620,715
198.9 4
market.—Gold has been active, and advanced
Thursday to the highest point yet touched in the late upward
movement.
The policy of the clique seems to have been, thus
far, to exact only a moderately high price for the use of gold,
and at the same time to work up the premium.
Last week it i|
Was supposed that the parties manipulating the market had come
Fulton...
Chemical
Merchants’ Exch’ge.
Gallatin, National..
Butchers’&Drovers’
Mechanlcs&Traders
Greenwich
Leather Manuf
Seventh Ward
State of N. York..
American Exch’ge.
Commerce
Broadway
Mercantile*
Pacific
a.
Republic
Chatham
People’s
North America
2,137,929 30
6,883,350 18
750.378 88
following statement shows
-ATKBA9B AMOUNT
600,000
300,000
1,000,000
1,500,000
800,000
600,000
200,000
600,000
300,000
2,000,000
5,000,000
10,000,000
1,000,000
1,000,000
422,700
2,000,000
450,000
412,500
UXH'.OOO
$8,832,000
5,3(1, 00
8,963,700
6,841,70.'
1 ',700
8,6 3,200
4,067,(00
6.500.100
3.479.100
1,901,200
8
135,100
3,8(5, '00
3,976. 00
2,414,000
l,t57,.U0
91.0,600
S,30.>,ll'U
1,077,600
5,12-VOO
12,902.000
20,OI2,9(jO
;>,o 13,900
4,450,^0
2,236,000
5,14I,70U
2,933,000
l,333,lt>0
2.678.800
Hanover....
1.000,000
2.723.600
Irving
Metropolitan
500,000
1,000,100
601,0(0
2.531,000
12,0't'.''00
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Oriental
1,000,000
1,000,000
1,000,000
1,000.010
1,000,000
1,590,0(0
300,000
400,000
Marine
Importers’* Trad’rs
1,500,000
Park
Vlech. Biink’gAsso.
2,000.000
500,000
Grocers’
North River
East River
Manufact’rs’«fe Mer.
Fourth National....
Central National...
Second National....
Ninth National.
First National
Third National
N.Y.National Exch.
Tenth National
Bowery National...
New YoikCo. Nat.
German American.
Dry Goods
300,000
...
Total
The Gold
on
3,000,000
1,800,000
1,009,000
1,000.000
City
Jan.l to latest date.
3974.
1875.
$68,659
190,903
1,792,000
61,033
2,000,000
1,500,000
Tradesmen’s
tofore.
Roads.
'2,050.001
3,000,000
Union..
America
Phoenix
slight improvement is noticeable
in the figures of such roads as report for the first week in March,
otherwise the earnings remain pretty much the same as here¬
Latestearnings reported.
5,513.682 89
Banks.—The
$3,1)00,000
Merchants’.
Mechanics’
Nov. 27
Feb.
1,310,433 5*2
1,084,024 43
1,4.37.733 40
1,440.553 45
Capital. Discounts
Manhattan Co
Earnings.—A
,
City
Banks.
New York
30
33% Dec. 21 5!% Sept. 30
92% Jan. 13420 Nov. 13
58% Jan. 2! 65% Dec. 1
1,216,014 21
400,000
350,000
300,000
5,000,00<
2,000,000
300,000
l,500,(Gf
50C,( 00
1,000,001
500,000
1,000,000
250,000
200,000
2,009,000
1,000-000
1,6)5.410
2,380,21 U
2.334.100
2.610.900
4,451.8(0
2.901.800
3.789.900
1.58^,900
2.624.600
15,323 00G
16,2 )8.5U0
1,225,500
749,3(10
972.200
970,000
758.200
20,061,800
7,645,000
1,992,000
OF-
Net
Tenders. Deposits
Legal
Loans and
10
4
82
72
06
14
40
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on March 13,1875:
10
10
12
30
29
$954,046 25
135,361
253,839
1,045,701
210,902
213,679
44
05
34
80
22
3,451,656 16
Currency.
$278,455 16
49,303.914 04 47.534.251 83
50,617,640 90 46,164,584 60
Mch. 11
7
Mch. 11
$1,807,000,
Balance. March 19
51% Jan.
67% June 19 84% Jan.
18% Dec. 29 55% Jan.
34% July 15 62% Jan.
51
Sept. 10 78% Feb.
92% June 19J109% Feb
31% May 18; 49% Jan.
48
May 5 74% Feb
Feb. lb
10% Sept. 3 22
48
671,578
372,214
906,925
369,850
478,444
Payments.Gold.
Currency.
$961,147 42
955,384 66
709,952 28
347,595 13
1,229,169 88
$672,643 31
$320,000
319,000
333,000
265,000
Balance. March 12
7 134% Feb.
June 29
Gold.
276,000
Dec. 10
26
-Sub-Treasury.-
-Receipts,-
26LOOO
Highest.
19jl05%
follows:
Receipts.
IN^w York
Jan. 4
Jan. 13
Jan. 13
Jan. 2 21% June 17 36 Jan.
Mch. 9 98 Jan. 3 109% Feb.
Jan.
2 112% Feb.
112
Mch. 2 99
26
Jan. 7 22% Sept. 7 34% Jan.
June 17 38% Mch.
49% Mch. 17 23
9% Jan. 141 8
Sept. 3 32% Mch.
114% Jan. 2401
Apr. 20 118 Jan.
79% Tan. 2: 68
Apr. 24 83% Dec.
Nov
Aug. — 20
29% Jan. 151 14
35
Jan. 6 22% Apr. 28 36% Nov.
103%
AdamsExpress
American Express
62% Jan. 71 65
65
10!
United States Express. 56% Feb.
79% Jan. 8| 87%
Wells, Fargo & Co
Railroad
Lowest.
,
15|
as
House
Mch. 13
and Sub
tor the week at the Custom House
transactions
Custom
was as follows:
,
Whole year 1874.
95% May
Mch. 18418% Jan.
Mch.
Lake Shore
Wabash
10
Northwest
38%
do
51% Mch. 1 62%
pref
Rock Island...r
102% Jan. 14 106
St. Paul
32% Feb. 27 39%
do
pref
..
51
Mch. l: 551%
Atlantic & Pacific pref. 12% Feb. 26 17%
Ohio & Mississippi
24 Feb. 18 32%
Central of New Jersey .105% Jan.
110%
Col., Chic. & I. C
I’ue
Treasury have been
sale was made at the Board.
Jan. 1,1875, to date
Lowest.
|
Highest.
R...100%
Hannibal & St. Jo
Union Pacific
days’ sterling and 4.82^ for demand; commercial bills sold at 4.75
@4.76. With the appearance of weakness in the gold market,
rates were marked up, and a nmmberof successive advances were
made daring the day, until the nominal rates at the close were
4.80^ and 4.84-J. Throughout the week the rates of exchange
have been closely dependent on the gold market, and our remarks
above in regard to the influences bearing upon the gold specula¬
tion are pertinent in this connection.
from Jan. 1,1874, to this date,
.
N. Y. Cen. & Hud.
Harlem
Erie
Foreign Exchange.—Exchange opened to-day with leading
bankers’ prices at the lowest point yet reached, viz.: 4.78^ for 60
Tuesday. Wednesday, Thursday, Fridayt
Mch. 16.
Mch. 17.
Mch. IS.
Mcli. 19.
100% 100% 100* 100% 100% 100% 100% 100%
430
130
130
130% 13 >% 130% *13'.%
26% 26%
26% 26%
*26% 27%
26% 21%
73% 73%
73% 73%
73% 73%
73% 72%
11% 12%
11% 12
11% 12%
12% 13%
>
45% 46%
44% 45%
44% 45%
43% 44%
57
56
57%
56%
58% 58%
58% 59
105*
105% 105% 105
105% 105% 105% 106
35
35% 35%
35% 35%
35%
35% 35%
£5
55
55% 55%
56% 5b%
56% 561%
14% 14%
14% 14%
•>712 9742
25% 27%
2'i% 27
26% 27%
41i'% llOJi 410% 111
110% 110% *110% 14
14
41
111%
11%
111% 111%
1% 14%
22 k 24%
23% 24
22% 23%
23% 24%
48% 49%
48% 49%
48% 49% * 48% 49%
6
3%
5%
5%
5%
■5%
114
115
114
411”'
114
413
114% 114%
76% 77%
77% 78
"6% 77^
77% 77%
23
*22*
23%
31%
32% 32%
84%
32% 32% *31
43
4... 44%
».... 42
41%
38%
38% 39%
37%
37% S8%
33% 38%
*101
*104 * 105
104% 104
104%
‘101% 105
63 % 63 %
63% 61%
63% 63%
63% 63%
*60
60% ‘59% 60
*59% 60
*59% 60%
*86
*87
88
% 87% *86% 87%
*86% 87%
: no
$
$
1,135,187 1,401,381
Currentweek
115% 115% 116% 116% $394,405 000
Previous week
115
114% 115% 115% 368,038,000
Jan. 1.1875, to date...112% 111% 116% 116%
of the money market seem to have
passed away to some extent, although rates on call have been
rather firmer this week.
Railroad earnings, so far as they have
been obtainable, are reported in the table below :
The daily highest and lowest prices have been as follows:
*
,
18....*115%
Saturday, Mch.
Monday,
“
Tuesday,
“
Wednesday, “
Thursday,
“
Friday,
“
494,665 337,856 149.930 153,992 367,450 200,000 150,000
The last line in the preceding table shows the total number of
■shares of each of the stocks, now outstanding, so that it may be
Whole stock.
Quotations.
,
Open- Low-High-Clos-
aecle.
^723,300 $2,119,('00
221,500
219,300
212,400
115,(00
2 >e,900
172,200
367,600
107,800
155,700
19'., WOO
29,600
199,900
3!,0v0
19,200
,
9
„
r
t
283,900
15,400
134,-00
455,500
231,400
36, 00
90,600
0,2 00
471,(00
90, 00
■(83,900
1.825,800)
1,0(2,300
750, 00
1.449,000
464/(0
625,000
345,200
231,500
1,941,400
753,(00
294,900
449,000
260,700
100.600
337,600
261,'00
838,9j0
1 83!- ,"00
2,U>5,000
7B',:oc
750,800
45i, (0
703,000
t4U,loo
4,6.*.9,MMJ
8.297,000
6,S76,700
2,677,3' 0
5,061,700
:,951.8U0
1.21 ,200
6.937/00
3,310,9.0
1.-57,700
1,81 >',200
1,0 2,7(>0
940 (00
2,71' ,700
3b.400
22.000
351,001;
83,100
051,000
2,468,000
293,900
182,(00
19.500
450.800
242,«UU
59.300
79,200
65,900
b74,l00
209,0,0
479,000
202,100
6.400
93/00
70.500
153.300
45,000
6,000
3,322,800
2, Oh 5,9(0
J3,515,900
8,1 8,0(0
21.700
1,300
121.700
31,000
1,425.200
2,164,400
1,807,6(0
1, 37,400
3.086,700
180.700
16 ,100
7IE.' 00
155.800
6.0 800
3
952,700
•
/23.U00
13,73",600
6,836 GOO
17.500
624.900
414,000
1,686,010
5,095,1(10
6,579.600
(',333,200
138,300
73.700
1,200,600
1,53 (.000
5,120,300
1.493.400
1.918.400
1.214.100
1.113,000
43't,9L0
6,9(0
81,000
2,700
1.5C2.7 00
4.785.400
2,150,903
61,900
569,000
12,300
361,500
255.700
291.700
226,100
234,0(0
$ 7,075,900 $51,342,900
430,700
473,600
207/ 00
191,500
2,700
286,800
732,7(10
153,100
,0’s.OOO
2,1 IS,000
3.24:,500
2,5,5,000
8,1(7,000
723,800
4,520,30u
3,742,800
784.700
170,(00
197. 00
503.3U0
1,200
458,200
429,30(1
C9b,*2U0
2.33 .‘,600
67 (.200
472,3(0
20 i.-OO
43,600
659.700
895,600
270,01)0
(4-.100
1/56,200
7’.,552.200
1,241,500
2,540,4(H)
17,"07,300
18,336,600
1,('19,700
31.700
$454,000
9,700
3,277.300
8,380,300
7 20-,600
8.138,800
i
29c ,000
8(6, 00
20,400
6,(86,000'
6/49,500
$81,435,200 $238,416,003
$7,491,400
3.228,300
6,748.200
Circulation.
1.045,200
956/00
90«.3co
1,008.030
3,677,030
267.500
164,700
1,(41,000
128.310
.3,900
225,1X0
704.80G
738.9(0
4,900
5C8JOO
4.000
289 000
487,300
30..500
136,9'>0
2,749
51*6
1,441.(00
263,000
598.6(10
40,61:6
49.400
264.5i U
866 9(30
220,000
180,000
1,736,100
1223,501,200 $22,229.0(0
*
Nq report; same as last week.
The deviations from the returns of the previous
follows:
Loans
Dec. $4,059,800 Net Deposit*
Specie.
Dec. 6,329.203 CircubtfJoD.*
Legal Tenders
....Inc. 1,183,000
.
week are as
Dec. $5,609,7(0
Dec. 181,100
HU0T4T10NS IN BIISTUN,
Banks.—Below we give a statement of the Boston
National Banks, as returned to the Clearing House on
March 15, 1875:
Deposits
L.T.
Boston
Monday,
2,000,000
1,000.000
Blackstonc....
Boston
B lylston.
4,370.300
26,400
5,409
i,8(l0
485,000
960,200
400,000
904 000
Faneull Hall
Freeman's
1,000,000
Globe
Hamilton
Howard
Manufacturers
Market
Massachusetts
Maverick
1.000.000
750,000
2.354.700
1,745.800
2,338 1(0
1,799,700
2,443.300
'300,000
1,000,000
;
Mount Vernon
England..
North
Old Boston
Second (Granite)...
Third
Bank of Commerce
Bank of N. America
B’k of Redemption.
Bank of Republic...
Commonwealth
500,000
1,000,000
1,000,000
l 000,000
1,500,000
879,900
2 .710 3(0
200,000
1,000,000
Total
#50.050.000
318.500
591.200
501.700
93",100
866.800
1,184 100
1,039,900
853/00
726.200
759,300
-
705,100
77 7.200
2 C
94,000
Iff). TOO
SI,600
821.400
o'
159.2nd
672.700
5V‘,6U0
1.163.900
1.679.700
1,030,600
2.00 • ,000
1.021.400
1.582.600
#931.500
#133,617.200
749.900
614.500
677.300
616.51)0
'.67.900
579 gCO
2.8(X)
5'9,i(10
1,108,100
677.600
7"2.000
813,400
300.00(1
2.109/00
689.0(0
833,506
429 3»’0
327.900
778.000
741.200
615-00
174.600
1,694.400
531.500
464.900
1/46.300
952,000
*8,860.000 #51.358,4 (.0 #21.310 50,,V
If
1
I.
.
a. .1 .
A
M cli 15, Is #21,931,000.
The deviations from last week’s returns are as follows:
Increase.*1,146,100 i Deposits
Decrease. 1525,807
..Increase. 177,200
Specie..,..
Decrease. 255,600 Circulation
Decrease. 971,303 1
Legal Tenders
The following are the totals for a series of weeks past:
Loans
Legal Tenders.
9.256.900
9.372.200
9.517.200
2.076.600
9.419.900
1.759,800
9.169,00)
1.375,600
l .210,900
9,131,100
9,>31.300
1.170,100
8,660,000
901,500
Snecie
Loans.
Date.
•Ian. 25
Fell. 1
Keb. 8
Fe;>. 15
Feb. 23
March 1
Mar -h 8
March 15
Deposits. Circulation
2.346.100
2.096.700
130/94.800
130.405.700
131,358,500
131.570,200
131,887/00
131,810.900
132.471,100
133,617,200
24,433.900
53,235,700
54,736.400
51.533.100
51.411.600
54/60,200
52.768.700
24.311.300
24.293.000
24.5l0,30ii
21.113,500
21,090.2!'0
52.3 S3.700
•
51.858.100
,133 Ski
•24,310.5 '0
following is the average conPhiladelphia National Banks for the week ending
Philadelphia Ranks,—The
dition of the
Monday, March 15, 1875:
Total net
Banks.
Capital.
f/Oans.
Specie.
Philadelphia
#l,500,00C
#5,111,000
#40,000
1,000,000
North America
3.866.000
3.6(0
#1.555,000
1,238.000
1,732,900
600,000
3,867
332.500
1.990
796,000
687,165
197/31
Farmers and Mech. 2,000,000
Commercial
810,000
Mechanics’
800,000
Bank.N. Liberties.
500,000
Southwark
250,000
5,2)3.200
2.564.0(H)
2.12;,SviO
2,451.000
39,9(6
1 219.615
250,000
•.('35,408
1,2.1,996
2,262.(05
2.610,000
Kensington
500,000
Penn
Western
400,000
Manufacturers’.... 1,000.000
Bank of Commerce
250,000
1,000,000
Girard
Tradesmen’s
Consolidation
200,000
300,000
400,000
City
300,000
Commonwealth....
Corn Exchange....
Union....
First
Third
Sixth
Seventh
500,000
500,000
1,000,000
1,342
750,000
4,550.000
2,105,000
665,000
1,000,000
250,000
566,160
2 228,000
3S6 000
1,434,000
4,057.000
818,121
471,000
266,000
....
119,000
117,000
254,0(X)
1,301.000
499,000
100,000
4,135,060
*.1,< 39,000
39 i,000
#16,431.235
#46,656,077
....
2.000
....
13.CCK)
....
....
#57,695,896 #153,656
#16.435.000 #57,695,896
Total
667.014
876.325
2.197,729
1,2:1.000
14,000
1.083.00C
1,311,007
195,716
1.123,000
195
....
Deposits.*
$3,735,(000
3/84,000
4.299,900
1,677,000
1.350,660
2,170,000
351.000
215.155
SR 230
....
70.837
7,000
.
.
1,5(8/00
607,(.95
3.0:6,000
1,055,0. H)
750,633
917,133
4,000
964,859
593.000
585,000
150,000
Central
Bank of Republic.,
Security
739,728
394,0)0
229,913
1,037,000
9,000
300,000
275,000
3 4 i.095
8,924
754 417
250,000
Eighth
1 .(uo
3.740.000
1/63,000
1,580,113
1,4:)4,635
793,818
1,951,000
1.713,000
4.325.000
L. Tender
Tne deviations from the returns of previous
Loans
..Dec. #350,076 » Deposits
Specie
—Dec.
74,02'» 1 Circulation
Lvgal Tender Notes
Inc. 201.246 1
#1.000,000
201,145
603,000
176,000
270,000
314 351
213,000
450,000
312.001'
792.00(1
259.656
135,000
215,S’O
317.000
847.000
week
2*246
Inc
ontrolled.
American gold coin —
Western Union Tel. Co.
Pacific Mail S. S. Co
$10,000
.
.
.
Harlem Railroad
l ake S. & Mich. South. RR. C<
Union Pacific Railroad
.
.
.
.
Milwaukee A St. Paul (eointm
)
Toledo, Wabash <Sr West. RR..
.
Ohio * Mississippi RR.
Hannibal & St. Joseph
C.. C. A I. C. RR..
N. Y. C. & Hudson Riv. RR...
100
1(H)
106 25
1(h)
)
hicago & Northwest, (comm
Chicago «fc Rock Island
<
100 25
100 25
1(H) 25
106 25
UHI 25
liHi 25
100 25
106 25
106 25
KHi 25
106 25
km: 25
106 25
100 shares.
100
1(H)
100
OH)
1(H)
.
.
.
.
.
1(H)
ton
0HI
1(H)
1(H)
Wash. Co. S.bonds, 7s,’75,"76,’:rl
Chicago Relief bon s, 1877.
Perm. Imp., 6s, g. 1391
do
7s, 1/91
;
Vfarket Stock bonds. 7s. 1692..!
Water Stock bonds 7s,t9Pl....
“
7<, 1913...
Fund. Loan (Cong ) 3,'55s, 1924
Water Stock 6s 1869
••
....
“
“
*.314
6 year Cere., 7 3-10, 1S75
Ter. year Bonds,6s, ISIS
Fund. Loan (Cong ) 6 g.
1892..
above
%
V
1%
1%
J*
11
1%
l'a
1 *
2 k
1 V
1 %
1 'V
1
1V.
1%
1 ■<
1 V
1 V
1
1 '
'
1 *v
j
1%
1
bid.
Fund. Loan (Leg).Cs.g, 1902..
Cei n. of Stock £1628) 5s, at pleas
92%
Ask
93
Board of Public Works—
Cers. Geii.Tmp.8a,lSTt
do
do
do
do
do
.
1815
90
1876......
1877
1878
Series.
H>%
91
90%
91k,
90%
91k
90
^|
91 ,k
<»%|
....
Certificates, Sewer, 83, 1871-77.
Water Certificates, 8s, 1677...
1st m.Ts
Ind. CJ11. & Laf. 7s,
1869
86
equipment IPs.
funded debt 7s
do
do
Ogdensburg & Lake ch. 8b
Old Col. & Newport Bds, 7, ’77.
Rutland, new 7s
Verm’t Cen., 1st M., cons., 7, ’8e
do
2d Mort., 7,1891
Vermont & Can., new, 8s
Vermont & Mass., 1st M. 6,’83
Boston & Albany stock
66
Boston & Lowell stock
124
Boston & Maine....
155%
Boston & Providence
Pitts., Cin. & St. Louis 7s
Shamokin V. & Pottsv. 7s,
Delaware Division 6s,
Lehigh Navigation
Sf*Vh
lo
do
do
125
L56
44
47
69
preferred
1' 01.
do
Old Colony
38
86 %
Champlain
pref...
do
88
109% 109%
i0;>%
3)4
preferred
50*'
93
125% 126%
PHILADELPHIA,
STATE AND CITY BONDS.
102%
101
Pennsylvania58, coup
10o%
do
10-15,2d... :o6
do
do
15-25. Sd.. nox
do
102
Philadelphia 6s, old
101% 101%
do
6s, new
83
Alleghany County 5s, coup... 82
74
Pittsburg 5s
102
7s
New Jersey State 6s, Exempts 105
190
Delaware 6s
88
Harrisburg City 6s
RAILROAD STOCKS.
49
Camden & Atlantic
do
do
pref.../.. 51
do
38%
Catawissa
pref
new
43%
‘‘
pref
39
25
38
Elmira* Williamsport
Elmira & Williamsport pref,
East Pennsylvania
Harrisburg Lancaster* C..,
39.%
99
108**
80
63
108
107.
98
105
80
55
1U
100%
100
RR/97,...
lOlt 8%
,
M/,6,1876
...
2d M.,
1!%
o5%
19%
57%
.*
wilming. & Baltimore
CANAL 8TOCKS.
"
'
Lehigh Navigation
Morris
*
pref
*
Pennsylvania
!’"
Schuylkill Navigation
do
2d do 7s, 1880...
* Burlington Co. 6?, ’97
j
40
....
do
,
i
6s,’S3..
•ii"!
do :
do
5(%
1
^
do
’7%
92%
.’
1900...
Little Miami
93
89,%
53
64
stock
LOUISVILLE.
Louisville 6s, ’82 to ’87
do
6s,’97 to’98
9S% 103
93
91
06
94
do
do
do
do
04
103
1U7
105
90>.
96
22
j
j
*
do
do
IstM gld6s.J.*D..
do do F.&A
And interest.
96%
92%
ion
92%
89
44%
‘80
•92
*106
•101
*92
*100
104
110
10
65
101
93
89%
185
45"
45
65
94
105
107
103
94
102
106
115
98
88
102
93
95
100
102
85
90
80
96
100
93
91
83
88
78.
204
97
90
81
76
94
93
62
103
43
104
CO
205
82% 63%
8<k.
83%
r4
65
62%
82%
63%
83
89
71
86
75
65
67
94
63%
83
98%
common,
At.* Pacific guar, land grants
do
2d M
Pacific (of Mo.) 1st M. gld....
do
Co
2d M. bds. ...
do
stock
do
Kansas pacific stock
101%
104
34
& Nashville
ST. LOUIS.
*95%
St Louis 6s, Long Bonds
* 108 %
do
Water 6s gold
102
do
do
do (new)*
85%
North Missouri. 1st M.7s... .
103%
62
do
102%
93% 94
104% 1W%
94% 94%
l8tM.(Leb.br.ex)7, ’80-’85 ?S%
Lou. L’n(Leh.br.ex)6,’93 83
Consol. 1st M.,7,189S.... 8S%
Jelfer3on., Mad. & Ind
7
Louisv., Cin. * Lex.,pref
4
do
Lou!,} irjlle
•i"
108
do
do
do
y2
103%
I,lstM.(I*M)7, ’81
do 2d M.,7,
do 1st M.,7,1906...,
I oulsv.C.* Lex., 1st M.,7,’97.
! on is. & Fr’k., 1st M.,6, ’70-’78..
do
Lotiisv. Loan, 6.’81.
L. <x Nash. 1st M. (m.s.) 7, ’77.
do
Lou. Loan (m.3.)6, ’86-’87
do
(Leb. Hr.) C, ’86
do
do IstM. (Mem. Br)7,’70-’75
92
1093..1103%
60
gen. M. 7s,
Oil Creek & Ala. Ii ,c< n. 7s.’S8
special tax 6s of ’89.
do
do
95*
107%
Watei 6s,’87 to ’89..
Water Stock 6s, ’97.
Wharf 68
Jeff., Mad.&
106
90%
stock
Cincinnati Gas.
• • • •
111
102
93
98
90
9U
95
68
7S
74
92
92
Little Miami, 6,1883
60
Cin. Ham. & Dayton stock....
101
Columbus & Xenia stock
41
Dayton AMichlgan
do
8 p. c. st’k guar 102
19
15
do leg 1923 i <02%
.
i6l%
Little Sch uyl k i M.l Pt M.. 7, 1877.
Northern Pacific 7 3-10s. 19(0
North Penn. 1st in, 6s, *85....!
do
2dm. 7s,’96
.do
2d M.,7,1877..
• • ••
103
Colum., &
86
06
.
do
do
79%
• Ml
!08
102
102
ICO
101
104
Cincinnati Southern RR. 7.30s
Ham.Co.,Ohio 6 p.c. iong bds.
do
7 p.c.,1 to5yrs.
do
do
do
lg bds,7 * 7.80f
Cin. & Cov.Bridge stock, pref
do
bonds, short
ado
bonds, long.
Cin., Ham, & D., lBt M.f ,, 80...
do
'do 2d M.,7,’85...
do
do
3d M., 8,77...
Cin.. Ham.* Ind.7s guar
Lehigh Valley, 68,1898
do
do
reg, 1 SOS
do
d°
do
do
7s. 1910 107% 108%
do
99%
d°
con m. 6s. 1923 96
r.
6s...
7s....
7-308
do
.
do
preferred
CINCINNATI#
DOi *
2d
Connensv.,lstM.,7, ’98
Central Ohio
39%
43%
Cape May & Millville 7s
; ...
Catawissa, 1st M. conv.,’82.... j ....
do
new 7s, 1900.
,101% its'
70
Cayuga Lake 1st m. g. 7a, 1
Connecting 6s 1900-1904
1 93
42
Dan., II * tv likes, 1st in.„7o ’fiji ...
iOi'
D laware morc.es, various.'... 99
1101
East Penn. 1st :nort.7s, ’88...
El. & W’msport, ist m, 7s. ’3o! 101%
do
do 5s,pirp 61
Harrisburg 1st mort. 6s, ’83... :00 k
.07%
H. & B. T. 1st mort. Ts, ’90
.01%
2d mort. 7s, ’75.,.
do
3d ni. cons. 7s, ’S5. 55 % 60
do
104%
Bhaea & Athens g. 7s, ’90..
,do
77%
stock....
Allegheny Val. 7 3-lOs. ’.696 .. .
do
7s E. Ext.,1910
Inc. 7s end,’94.
do
Belvidcre Delaware.1st in,6,’77
do
do
2d M. Cs,’S5
do
3d M. 6s,*87
do
Camden & Amboy, 6e, 'S3.'.
3o
6s, ’89...."i
do
do mort. 6s,’89.
do
Cam. & Atlan. 1st m, 7s, g. 19(3
Junction 1st mort.
i9%
92
7S
93
Xenia, let M.,7, ’90.
| Dayton & Mich., 1st M.,7 81..
do
do
2d M.,7,’84..
133% 134
do
do
3d My 7, '88..
55
51
do
To’do
dep.
bds,7f,’81-’94.
42
39
Dayton & West., 1st M.,7,1905.
do
do
1st M.,6, 1905.
50% 5J%
Ind., Cin. A I.af., 1st M.,7
50%
do
(I. *0.) let M.,7,1888
128%
pref...
RAILROAD BONDS.
Cam
50
52
ISO
Westchester consol, pref.
West Jersey
102
102
1st M.,6,1889
do
do
ioi
West Md.lstM.,endorsed,6,’90
76
do
M.,
1st
unend.. 6, '90.. 101
do
2d M.,endorsed, 6/90.
183
Baltimore & Ohio stock ..
7
Parkersburg Branch...
42
54%
93%
33%
United N. J. Companies.
„
oi%
52%
River
Philadelphia & Erie
Philadelphia* Reading
Philadelphia * Trenton
Susquehanna
Pitts.*
52
Pennsylvania
„
do
6s, Delence
Baltimore Cs of’75
do
1884
do
6s,I90C..
do
1890 Park 6s
Baltimore & Ohio 6b of ’75
do
6s of '80... .
do
do
do
6s ot’85
Central Ohio, 1st M.,6
Marietta & Cin., 1st M.,7,1891.
do
• 2d M.,7,1896.
do
Norfolk Water 8s
North. Cent. 2d M., S. F.,6,’85.
do 3d M., S. F.,6,1900
do
do
do 3d M. (Y. * C)6,’77
j
do
do Cons, (gold) 6,1900
49
Nesquehonlng Valley
Fhlla.,
I Maryland 6s, Jan., A., J. & O..
14%
03%
”
Norristown
Northern Central
North Pennsylvania
Oil Creek & Allegheny
100
94
’73:
|
'8*
Huntingdon* Broad Top .,
do
do pref,
Lehigh Valley
Little Schuylkill
Minehlll
77%
95%
’82
conv.. g,’94.
gold, ’97 100% 101%
To
!•
85
.
1876
10?“
boat, ’85
ii
Pennsylvania 6b, 1910
93%
Schuylkill Nav. 1st m.6s,’97
80"
do
2d m., 68,1907 79%
Vermont & Canada
Vermont* Massachusetts
Worcester & Nashua
do
do
81
86%
105%
6s.*34......
conv
do
|
do
do
Port., Saco & Portsmouth
Rutland common
do
108%
88
Concord
Connecticut River
Connecticut & Passumpsic, pf.
58%
58
Eastern (Mass.)
49
Eastern (New Hampshire)....
do
m. 6s, c.. ’95..
128
Fitchburg
do
6s,imp.,’80..
Manchester & Lawrence
do
6e,boat*car,1913
100* ’ 103 ;
Nashua & Lowell
do
scrip
100 ,
Northern ot New Hampshire.. MX 128% Susquehanna Os
128
Norwich* Worcester
UALTlinORE.
40
Ogdens. & L.
103
101
’77
9%' Morris, 1st
Cin.,Sandusky & Clev.stock.
97
85%
85
102
108
60
107
CANAL BONDS
j
9i%
96%
163%
142
104% 105
Burlington & Mo. in Iowa....
do
in Nebraska
Cheshire
102%
94% Sunbury* Erie 1st m.7s,’77..
92 k/ j Sunbur.v & Lewiston 7s, 1690..
United N. J.c ns. m. 6s, 91..
59
Warren & F. 1st m. is,’96
89
30 X West Chestercons. 7s, ’91
West Jersey 6°. ’83....:
no
1st m. 6s, '96
do
do 7s, 1397....
Western Penn. RR.6s. 1393....
Wilming.* Read.,lstM.,7,190(>
do
do 2d Mort, 1902
do 7sNeb. 8s, 1883.
<Io
„
If'3%
99%
do
deb.bonds,‘93
do
g. m. 7s, c. 1911
do
do reg,1911 io;%
do
6q g, 1911
do
new conv. 7s, 1893
Phil.* Read. C.&l.Co.deb.7s’92
do
mtg. 7s, ’92 93
77
to>;
.....
107
103
Philadelphia & Reading 6s, 80
do
do
7s, ’93
102)4
Eastern Mass..
.
91%
»>%
102'
Burlington & Mo. land gt.7s..
do
do Neb. 8s. 1994. iuo%
.
90-V
do
1910
Perkiomen 1st m.6s,’97
Phlla. & Erie 1st m.6s,’81...
(lo
2d m. 7s.’88...
land gt. 78....
do
37%'
do
2d 78.
do
land inc. 12s.. 100% 100%
UK%
Boston & Albany 7s
107
Boston & Maine 7s
a3
“
(IS43)6s, at pleas
Cites. & O.st’k (’47) 6s. at pleas.
7s
M.,6,1880...
gen. m. 1910
gen. m., reg.,
•10
ioi*
Municipal 7s
do
Portland 6s
Atch.& Topeka
1 .4
1%
1 %
Bid.
“
i
Calls
(.-PRICES.
WASHINGTON,
i
I‘UtS
below.
Price
for 30 day •s.
#56'25
Chicago Sewerage
do
are as follows;
Inc
#241 660
gold
Pennsylvania, 1st
112
1(4
Currency
Boston 6s,
do
5s,
540,000
791,000
180,000
67~
Oil Creek 1st m. 7s, ’82
106
Penn* N.Y.C.&R R’96-1.7s.906
103
1(3
...
6s
Massachusetts 6s, Gold
do
5s, Gold
23 0615
STOCK PRIVILEGES.—Alex. Frothinghnm & Co., bankers, 12 Wall street, quote
prices for the present for gold and stock privileges as follows. Double privileges
v—Variations from marketcost double the amount named
Amount
Maine6s
New Hampshire,
Vermont 6s
757.000
1,000,000
607.(10
4 77,000
418,000
210,217
221.333
l‘>7,78»
213,300
523,0 ;o
Bid. Ask
8KCUBITIB8.
83
BOSTON.
177 300
1.25t,iUU
1,033,5(0
duetootherlianks/’as perstatementof
Thetotal amount
352,R00
374.700
815,200
176.000
241.4(0
11,9(0
1/00
2,587,600
1,500,000
237.900
i*4 <,800
6, .00
5.900
8,400
3.289,200
349.200
793/00
12.4J0
5i,:>UU
....
4.9 ;7.900
580,400
970,203
3:5,600
1:6.7(i)
336.700
150,300
369.000
78,700
117/00
260.800
9,000
2,049.700
2.175.400
5.412.800
•2,000,000
•
24,0(0
6,112,600
2.812.700
3.179.100
238.100
4 48.M0
146 61 0
350.600
,
232,100
.774/OO
101/00
22,700
2,’00
3.((H)
5.312/00
2.017.2(H)
1,500,000
Security
130.100
4.779.500
1.398.100
886.500
7,170,700
98,000
1.5U0
4.3SS.600
1,000;000
Hide & Leather
Revere
6,300
2.107.900
ii7,:00
3S2/00
341.100
280,900
119,600
121.800
11.000
25 100
3,500.500
1,000,000
City
Eagle
12,500
531,700
1,137.1 00
56U.SOO
805,300
763.100
119.4(0
275.300
253,700
414.600
166.100
77.8(10
135,400
12.100
12,200
18,900
1.301 500
600,000
2,000.000
750,000
1,000,000
1,600.000
300,000
2,000,000
Washington
106,200
2,400
19,900
19,000
3,119.300
3,753,000
3,578.800
1,500,000
First
2.300
786.300
809.300
53.200
142,200
113.300
1,4 8,100
70.700
13,700
20,800
3.240.9(0
2.153.100
2.656,300
l ,000,000
1,000,000
Traders
Tremont
....
2.816.100
,
125,500
114,900
8 '.400
12,100
10.404.600
656.410
9 00,000
Shoe & Leather...
....
3.7W
1,410.400
3,000,000
200,000
1,000,000
1,000.000
71.000
161.700
2,000
576.500
495/00
156.8"0
148 600
766 7< 0
476,b00
•
660.200
926 960
713.000
759.100
73,800
61.800
85.600
1,(08.500
619,100
267/00
,
99.100
34,200
11,100
2.073.200
915.100
85,300
....
765.300
764.000
l,8l 0.500
79,300
4,000
961.900
500.000
800,000
800,000
400,000
920,400
96,300
...
*430 600
#562,300
240,500
118.000
57,000
35.0H)
....
2.593.100
1,865.500
2.414.900
1,000,000
1,000,000
1,000,000
Kliot
Everett
100
2.23 ,300
1.935.1 00
600,000
200.000
500,000
Broadwa>
Central
3.167.400
PIllLVUELPIIIA. B tlTIIIHKE. &C.
Bid. ABk.
SKCtTEITIXS.
.
#56,990
82,100
#3,500
#1,520.100
1,500,000
Notes
S.iecle.
Loans.
Capital.
#750,000
Sanaa.
New
[March 20, 1875
THE CHRONICLE.
284
85
p'j*’
79
48
f%
51 %
67
88
84
90
72
58
76
86
87%
95
84
84
99%
89%
84
89%
8
6
35
96%
....
....
tti
37
SO
80
49
4%
(2
•
•
285
CHRONICLE.
THE
187 5 J
March 20,
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
United States Bonds ana active Railroad Stocks are quoted on a previous page and not repeated here. Prices represent
cent value, whatever the nar may be.
“ N. T. Local Securities” are quoted in a separate list.
Bid. Ask.
SECURITIES.
Mariposa Land A Mining Co...
do pref
do
Alabama 5s, 1883
do
5s, 1886
do
8s, 1886
do
do
do
do
42
49
88,1888
8s, Mont. A Euf ’li
8s, Ala. & Chat. R
of 18
8s...,
25
s
8
8
8
8
Arkansas 6s, funded
do
7s, L. Ii. A Ft. S.
do
7s, Memphis A L
do
do
do
7s,L.Ii.,P.B.A£
7s,Miss. O. & R. 1
7s, Ark. Cent. R.
do
Indiana 5s
Illinois 6s, coupon,
do
do
do
War loan
1877...
.
..
1879...
Louisiana 6s..
do new bonds.,
do
do
do
do
do
do new floating
do
8s,
debt
7s, Penitentiary
6s. levee bonds,
8s,
do
do
8s
Michigan 6s, 1878-79
do
6s, 1883
do
7s, 1890
Missouri 6s, due in 1875...,
do
do
do
do
1876
1877
do
do
1878
do
do
do
1879
1880
....
30
30
29
21
30
•
•
•
...
do
Funding bonds due in 1894...
Long bds. due ’81 to ’91 lnclAsylum or Uni vers., due 1892.
104** 106*
103
106
100%
coup
6.
do
8 p. c. lstm...
consol, in. 7s
Pacific.
Central of N. J. 1st m- new...
1st consol—..
do
do
do
2d mort
do
con. conv
do
do
Am. Dock A Improve, bonds..
5111. A St. Paul 1st m. 8s. P. D..
.7 3-10 do.
do
do
do
do
do
7s, gold, Ii. I).
1st in., LaC. I).
do
do
lstm.l.A M.l).
do
do
1st m. I. A 1)..
do
do
1st in. H. A I).
do
do
1st m*C. A M.
do
do
1st Consol.
do
do
2d 111.
do
do
do
Chic. A N. Western sink. fund.
int. bonds.
do
do
....
1875..
..of 1910..
ex
Chicago, Rk. Island A
101
30~
..
..
23
ioi
...
..
do
do
do
do
do
do
do
consol.bds
ext’n bds.
1st mort...
107
24 %
48*
43
36
44
ioi%
107
|
Alton A T, H., 2d mort. pref...
do
2d mort. income
do
Belleville A S. Ill. R. 1st m. 8s.
Tol- Peoria A Warsaw, E. D-.
do
do
W. li¬
do Bur. Div.
do
do
do 2dmortdo
do consol.7s
Tol. A Wabasli, 1st m. extend,
do
do
lstm.St.L. div
do
2d mort
do
do
do
equipm’t bds.
do
do
con. convert. .
Hannibal A Naples, 1st mort-.
Qulncy A Toledo, 1st mort.
100
62%
30
92
113}*
105
107
109}/, 109*-,
105 % 105*
102
108%
190* 103
;Pullman Palace Car Co.
88
47
79
33
55%
56
65
79*
59*
108%
107
94
101*
74%
81‘i
71
80
100
90 ”
96*
Miscellaneous List,
Atchison A P. Peak, 6s, gold-.
Atlantic A Pacific L.G. 6s, gld.
Atchison A Nebraska, 8 p. e...
Bur. A Mo. liiv., stock
Land ill. 7s....
do
do
2d S., do 7s....
do
do
do
SdS.,do 8s....
do
4th S., do 8s...
do
do
5th S., do 8 s...
do
do
6th S., do 8s. .
do
do
Creston Branch
(lo
do
do
Chariton Branch
do
do
do
do
Iowa Midland. 1st
Galena A Chicago
96*
95%
•
•
•
cp. gld.bds
reg. do
S3K
Bur.,C.R. AM. (M.(liv.),g. 7s.
101*
101
x99
101
Memphis old bonds, 6s
47
..
....
....
....
_
T
....
....
.
....
.
.
h_63%
,
.
...
82%
60
85*’
65
,
70
62
75
80
74
90
43
55
...
45
47
65
80
70
43
53
35
40
47
42
68
70
85
85
85
.
Norfolk 6s
Petersburg 6s
Richmond 6s
Savannah 7s, old
do
7s, new
65
Wilmington, N. C- 6s, gold....
do
do
88, gold....
RAILROADS.
Ala. A Chatt. lBt m. 8s-end....
Ala. A Tenn. R. 1st mort. 7s...
do
do
2d mort. 7s—
Atlantic A Gulf, consol
do
do end. Savan’h.
do
do stock
do
do
do guar...
Carolina Ceniral 1st m. 6s, g
mort. 7s...
Central Georgia 1st
consol, m. 7s.
stock
Charlotte Col. A A. 1st M. 78do
do
stock....
Charleston A Savannah 6s, end
Savannah A Char. 1st in. 7s.
Cheraw A Darlington 7s....
East Tenn. A Georgia 6s—
East Tenn. A Va. 6s, end. Tenn
E. Tenn. Va. A Ga. 1st m. 7s...
stock
do
—
Georgia RR. 7s
do
stock
Greenville A Col. 7s, guar .
do
do 7s, certlf-Macon A Brunswick end.7s...
Macon A Western stock
Macon A Augusta bonds
do
do
endorsed..—
do
stock
do
Memphis A Charleston 18178do
do
2d?s—.
do
Btock
do
Memphis A Little Rock lstmMississippi Central 1st in. 7s...
.
2dm.8s..—
do
Mississippi A Tenn. l6t m. 7s..
do
do
consol. 8s.
Montgomery A
West P. 1st 8s.
do
do income
Mont. A Eufaulalst 8s, g. end.
Mobile A Mont. 8s, gold, end..
Mobile A Ohio sterling
do
do '
do ex certlf
do
do 8s, Interest
do
do 2d mort. 8s
do
do stock
N. Orleans A Jacks. 2d in. 8s...
80
20
Rich- Fre’ksb’g A Poto. 6s—
do
doconv.78
Rich. A Danv. 1st consol. 6s...
Southslde, Va., 1st m. 8s... ....
do
2d m- guar. 6s.
do
3d m. 6s
do
4th m. 8s
75
100
89
60
62
65
82
50
85
70
51
74*
82
69
9
80*
67
80
60
65
is*
71*
fri
60
50
5
94
85
65
1st m.....
stock—..
S. Carolina RR. lstm. 7b, new. 85
6s
50
do
7s
55
do
do
stock
10
West Alabama 8s, guar
65
Southwest RR. Ga
,
do
COUPON8.
State coupons
PAST DUE
Virginia coupons
do
consol, coup
Memphis City coupons
80
52
42
70
;r
do certif’s8s..
Opelous. 1st m. 8s
Nashville A Chattanooga 6s... 75*
Norfolk A Petersburg lstm.8s
do
do
7s
do
do
2dm. 8s
Northeastern, S. C., 1st m. 8s...
do
2dm. 8s...
Orange A Alexandria, lsts, 6s..
do
do
2dfl, 6s — 80
do
do
3ds, 88..
do
do
4ths, 8s- 74
Richm’d A Petersb’g 1st m. 7s.
do
N. Orleans A
Tennessee
70
60
70
50
70
85
55
10s
...
to railroads, 6s.
do
•
35
85
Montgomery 8s.
Nashville 6s, old
do
6s, new
New Orleans 5s
do
consol. 6s
do
bonds, 7s
do
gold 7s, quarterly
do
do
•
55
F. L. bds.
do
new bonds, 6s
do
end- M. A C. RR.
Mobile 5s
8s...
do
do
do
•
75
bonds...
Columbia, S. C- 6s
Columbus, Ga., 7s, bonds
Lynchburg 6s
Macon 7s, Donds
-
t
•
74
82
Charleston stock 6s
Charleston. S. C- 7s,
■
t
94
20
98
40
60
68
Sandusky, Mans. A Newark 7s.
St. Louis, Vandalia A T. H. 1st
do
do
2d,guar
St. L. A So’eastern 1st 7s, gold
St.L. AI.Mt. (Ark. Br.) 7s, g.
Southern Central of N. Y. 7b...
UnlonA Logansport 7s...
Union Paeiflc, So. branch, 6s, g
Walkill Valley 1st 7s, gold....
West Wisconsin 7s, gold
Wisconsin Valley 8s
Southern Securities.
103
100
100
102
Iff*
102
x99
...
r
97**
stock
series
CITIES.
....
r
35
Sioux City A Pacific 6s
South Pacific 6s, gold
Southern Minn, construe. 88do
7sSt. Jo. A C. Bl. 1st mort. 10s...
do
do
8 p. c.
St. Jo. A Den. C. 8s, gld, w. D.
do
do 8s, gld, E. D..
Atlanta, Ga., 7s
do
8s
Augusta, Ga., 7s,
40
58*'
83%: Cairo A Fulton, 1st 7s,gold ... 55
60
75
California Pac. RR. 7s, gold...
70
6s, 2d 111., g
do
mort. 8s
55*’ 60
ioi
107
105
Canada A Southern 1st 7s, gold
Han. A St. Joseph, due 1875.
Extended...
95
100
101
102*
Central Pacific 7s, gold, convdo 1876.
do
do
2d mort
do
do
85
95*
do
Land grant 6s,g
do
do
do 1886. 95%
Peninsula, 1st mort., conv
27% 32%
Central
of
Iowa
1st
111.
7s,
gold
do
do
do 1887.
107% Chic. A Milwaukee, 1st mort..
81
do
do
2d m. 7s, gold
ew York Bounty Loan, reg..
Winona A St. Peters, 1st mort.
ioi** 104**
71
Keokuk A St. Paul 8s...
do
do
coup,
do
do
2d
mort..
101
.*.*.*;
102%
106%
107%
A
Carthage
Bur. 8s
do
©V- 101
6s, Canal Loan, 1875.
C-C-C. A Ind’s.lstm.78, S. F. 103
102%
do
(Dixon, Peoria A Han. 8s.
6s,
do
187
Del., Lack. A Western, 1st m.. 108*4
103
105%
<). (). A Fox K. Valley 8s.
do
6s,
do
1878.
do
do
2d m... 111
105
tu 103
do
1887.
6s, gold reg
|Quincy
8s
do
do
7s,
conv.
A
Warsaw
101
--I Morris A Essex, 1st mort
112
112
Illinois Grand Trunk
do
6s, do
coupr.1887.
30*
j:..
Cldc., Duh. A Minn. 8s...
do
res
6s, do
loan.. 1883.
do
2d mort
do
ioi** 104
Peoria A Hannibal II. 8s.. JZ £•
do
6s, do
do ..1891. iio*
bonds
do
do
95
100
98
y
do
5s, do
do ..1875. uo
do
do
construction. 105* 99* Chicago A Iowa R. 8s —
101
1
American Central 8s...
do
5s, do
do ..1876.
do
do
7s
of
1871
95’
22
1061
Cliie. A Southwestern RIL7s
North Carolina 6s, old, J. A J.. 15
25
22 ) Erie, 1st mort., extended
A. & ().
Chesapeake A (). 2d m. gold 7s 85
do
do
do
endorsed
95
45
lOO*
Col. A lloek. V. 1st 7s, 30 years
N. C.RR
LA J.. 45
do
2d mort., 7s, 1879
do
95
99
do
do
1st 7s, 10 years
....A. &(>..
do
do
7s, 1883
3d do
do
90
30
100
do
do
2d
7s,
20
years
do coup off.J. & J..
do
7s, 1880
4th do
do
35
30
F
38
Chicago, C. A Duh. 8s.
do do off.A.AO..
do
5th do
7s,
1888
do
105
104
17 |
Chicago, Bur. A Quincy 7s
do
Funding act, 1866...
do
7s,
cons.
mort.
gold
bds.
25
17 1
105%
('hie. A Can. South. 1st m. g.7s
1868...
do
do
45
Long Dock bonds
14
!
93
(’h.
1).
A
I.
Vdiv.,
1st
m.
g.
7s.
New
bonds,
J..
do
J. &
Buff., N. Y. A Erie, 1st m., 1877. 87
45
do
A. AOChicA
Danv.
VIncen’s
7s,
gld
do
do
do
do
bds
.
large
95
T" 0 1
106
Connecticut Valley 7s
do
Special tax, Class 1
Han.
A
St.
Jo.
land
grants
70
3
5
-1* 32%: Connecticut Western 1st 7s...
Class 2.
do
do
do
do
8s,
conv.
mort...
45
3
J
103
Class
3.
Chicago
A
Mich.
Lake
Shoredo
do
50
101
102 l Illinois Central, 7 p. c., 1875— 98
Dan., till)., Bl. A P. 1st m. 7s, g
Ohio 6s, 1875
105
| Dubuque A Sioux City, 1st m.. 98
Dos Moines A Ft. Dodge 1st 7s.
do 6s, 1881
do
do
2ddiv.
60*
100
82% 83
Detroit, Hillsdale A In. RR.Ss.
i
do 6s. 1886..
Cedar Falls A Minn., 1st mort.
100
105
35
33.
Detroit
A
Bay
City
8s
guar....
Rhode Island 6s...
Indianap., Bl. A W., 1st mort..
70
31
21
Detroit, Eel River A 111. 8s
South Carolina6s
do
do
2d mort... 103*'
70
29
31
103%| Dct- Laos. A Lake M. 1st m. 8s
Jan. & Julydo
Mich.
So.
7
p.
c.
2d
mort
29
106%
do 2d in. 8s
do
do
April & Oct
Micli.S.
AN.
Did.,
S.
F-7
n.
c.
50
29
103
Dutchess A Columbia 7s
do
Funding act, 1866... 29
Cleve. A Tol. sinking fund.... 102
60
Denver Pacific 7s, gold..
do
LandC, 1889, J. & J. 29
new
bonds
do
do
68
102
Denver A Rio Grande 7s, gold.
do
Laud C, 1889, A. A (>. 29
Cleve., P’vllle A Ash., old bds 103
100
Evansville A Crawford6V.,7s..
7s
do
of 1888.
do
do
new bds
99. 100
7%
Erie A Pittsburg 1st 7s
do
nonfundable bonds. 65
Detroit, Monroe A Tol. bonds. 101%
do
* do
2d 7s
Tennessee 6s, old
Buffalo A Eric, new bonds
85
102
u%
48% Buffalo A State Line 7s
do
do
7s, epuip
do
do ex coupon
60
65
Evansville,
Hen.
A
Nashv. 7s..
do
do new bonds
Kalamazoo A W. Pigeon, 1st.
84
49
:6i%
17*
Elizabethtown
A
Padu.8s.con.
do
do
do
ex coup
Lake Shore Div. bonds..
80
82
47*
46*
T.
II.
Cldc.
Evansville,
A
7s,
g.
do
Cons,
coup.,
1st...
do
do new series 93
do
95
100
m 100
Flint A l’erc M. 7s, Land grant.
do
Cons,
reg.,
1st.....
58
65
Texas, 10s, of 1876
92
92% Fort W- Jackson A Sag. 8s...
do
Cons, coup., 2d....
102
Virginia 6s, old
32
93
Grand R. A Ind. 7s, gold, guar.
Cons, reg., 2d
do
do
do new bonds, 1866... 32
85
103*'
do
do 7s, plain
Marietta A Cin., 1st mort
(lo
do
do
1867... 58
95
98
59%
103% 103% Grand River Valley 8s
Mich. Cent., consol. 7s, 1902 ..
do
do consol, bonds
85
90
53
115
1 Hons. A Texas C. 1st 7s, gold —
23%
do
1st in. 8s, 1882. s. f.
do ex matu d coup
do
80
35
:iu% I Indianap. A Vincen. 1st 7s, guar
do
do consol. 2d series..
equipm’t
bonds...
do
85*
Iowa Falls A Sioux C. 1st 7s.
9% io
do
New Jersey Southern, 1st m. 7s
do deferred bonds.. .
85
St.
Louis
Indianapolis
A
7s—
consol.
7s
do
do
Railroad stocks.
70
103
103
iHoustonIA (Jt. North. 1st 7s, g.
New York A New Haven 6s—
70
99% 100
(Active previously quoted.)
(International (Texas) 1st g. .
6s,
1883.
N.Y.
Central
Albany & Susquehanna
100
92*
lntII.
A
N.
conv.
8s
68**
G.
do
6s, 1887.
100*
Ceniral Pacific
95
Jackson, Lansing A Sag. Rs...
100% 100%
do
6s, real estate...
85
95
Chicago & Alton
N.
W.
A
E.
1st
in.
g.7s
(JackS.
do
6s,
subscription
68
do
do pref
101%
Kansas „Jac. 7s, extension, gold
107% 107*
do
1876
7s,
70
Chic., Bur. & Quincy
do
7s,
land
grant,
gld
65
do
7s, conv- 1876...
65
Cleve., Col., Cln. & Indianap.. •ii* 92
do
7s,
do new gld
7s,
1865-76
do
62
Cleveland & Pittsburg, guar...
113% 113%
do
6s,gld,.Time A Dec
A
do
Hudson,
1st
m.,coup.
70
Dubuque & Sioux City
(lo
6s, do Feb. A Aug
do
do
1st m., reg... UO* ill
Erie pref
do
7s, 1876, land grant
33
Hudson R. 7s, 2d ni. s. fd. 188566*
Hannibal & St. Joseph, pref...
i03
do
7s, Leaven, br’nch
102
101
uo
7s, 3d mort- 1875-.
25
Illinois Central
do
Incomes, No. 11...
110% 111
1st
mort.
7s,
coup
15
Harlem,
Indianap. Cin. & Lafayette....
do
do
No. 16...
110% 111
do
do
reg
7%
Joliet & Chicago
Stock
do
85%
85%
North Missouri, 1st mort
100
Long Island
Kalamazoo A South IT. 8s, guar
98%
Ohio A Miss., consol, siuk. fd. 96
100
Marietta & Cln., 1st pref
97* Kal., Allcghan. A G. R. 8s,guar
do
consolidated
do
95
2d pref
do
81
Kal. A White Pigeon 7s
2d
do
do
do
100
Michigan Central
97%
Kansas
97*
City
Cameron
A
10s...
98% 93% Central Pacific gold bonds....
50
Morris A Essex.
87% 88
Kan. C- St, Jo. A C. B. 8s of ’85
do San Joaquin br’ncli
Missouri, Kansas A Texas. ...
85
do 8s of ’98
do
do
85%
'6%
A
do
Cal.
Oregon
1st.,
New Jersey .Southern
106
Keokuk A Des Moines 1st 7s... 70
139
do
State aid bonds 105%
60
N. Y., New Haven A Hartford.
89
90
L. Ont. Shore RR. 1st m. gld 7s.
Western Pacific bonds
35
Ohio A Mississippi, pref
96% 96% Lake Sup. A Miss. 1st 7s, gold.
Union Pacific, 1st mort. bonds 99
85
Pacific of Missouri
100% Leav., Atch. A N. W. 7s, guar..
98
Land
grants,
do
7s.
25
Pitts., Ft. W. A Chic., guar
87% 87% Leav„ Law. A Gal. 1st m- 10s.. 15
90
do
Sinking
fund...
88
do
do
special..
39* 90
Louisiana A Mo. Riv. 1st m. 7s.
112
Pacific II. of Mo., 1st mort. ... 77
Rensselaer A Saratoga.
27%
Logans- Craw. A S. W. 8s, gld.
do
do
1st Caron’t B.
lOO* 105
Rome, Watertown A Ogdens..
;79%
Miciiigan Air Line 8s
do
do
2d
mort
55
At. Louis, Alton A T. Haute...
Monticello A P. Jervis 7s, gold
101% 102
do
33
do
do
pref 24% 28*' Pacific R. 7s, guarant’d by Mo. 103* 109% Montclair 1st 7s. gold
Pitts., Ft. W. A Chic., 1st mort.
50
'Belleville A So. Illinois, pref..
164*
1.05%
MoKansas
A
Texas
gold20*
i6*’
do
do
2d mort.
8t. Louis, Iron Mount. A South.
Mo. R- Ft. S. A Gulf lstm. 10s. 51
do
do
3d
mort.
50'
Toledo, Peoria A Warsaw
do 2a in. 10s.
do
do
104% 10*4%
Cleve. A Pitts, consol, s. fund.
35
Toledo, Wab. A Western, pref. i3** 19
N. J. Midland 1st 7s, gold.
do
do
3d mort
15
Miscellaneous stocks
do
2d 7s
40
do
do
4th mort
American District Telegraph- 28
55% 55% N. Y. A Osw. Mid. 1st 78, gold, 22 t 24
8
4
Col., Chic. A Ind. C. 1st mort..
Boston WaterPower
do
2d 78, conv.
do
do 2d mort..
do
65
5
nnton Co Baltimore
West. Extension 7s.
do
95%
Rome, Watert’n A Og. con. 1st
30
ent. N. J. Land Iraprov. Co.. 30
N. Haven, Middlet’n A W. 78- 27%
St. L. A Iron Mountain, lstni22
113*
Delaware A Hudson Canal
North. Pac. 1st m. gold 7 3-10s.. 20
do
do
2dm..
50
35
American Coal.
Land warrants.... 23
do
Alton &T.H., 1st mort
.Consolidation Coal of Md
96* *
bds, 8s, 4tli
42%
Rome A Watertown 7s
Rome, W. A Ogdensburg 7s..
Rondout A Oswego 7s, gold-
107)4
90
80
83
100
75
Rockf’d.R.I.ASt. L. 1st 7s, gld
1890
South Side, L. I., 1st m. bonds.
Western Union Tel., 1st m. 7s.
95
RR. 8s
(Oswego A Rome 7s, guar
:Peoria, Pekin A J. l6t mort...
Peoria A Rock I. 7s, gold
;Port Huron A L. M. 7s, gld, end
do 7s, gold|
do
do
Illinois A So. Iowa, 1st mort...
Lafayette, Bl’n A Miss., 1st m.
Han. A Central Missouri, 1st m.
Pekin,Lincoln A Decat ur, 1st m
Cin., Lafayette A Chic., 1st m.
Del. A Hudson Canal, lstm., ’91
do
do
1884
do
do
1877
Long Island RR., 1st mort
Nashville A Decatur, 1st m. 7s.
Omaha A Southwestern
92%
55
Bid. Aak
SECURITIES.
Bid. Ask.
SECURITIES.
Great Western, 1st mort., 1888.
do
2d mort., 1893-
107* *
103*
do
do
income....
Joliet A Chicago, 1st mort
9l“
Louisiana A Mo., 1st m., guar.
100
Chic- Bur. A
101%
106
Chicago A Alton sinking fund,
do
do
1st mort...
do
Kentucky 6s
do
do
uo
19
108% 109
Chesapeake A Ohio 6s, 1st m...
....
86
95
89
86
100
7s, new bonds. ..
7s, endorsed
7s, gold bonds...
do
do
17%
210
64
Boston, Hartf. A Erie, 1st mort
do
do
guar....
Bur., C. Rapids A Minn. 1 st 7s, g
10
10
10
105* * iio”
Georgia 6s.,
2d
3d
do
do
do
do
10
110
California 7s
do
7s. large bonds..
Connecticut 6s
do
do
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal.
Railroad Rond*.
Albany A Susq., 1st bonds.,
49
AskJ
60
Cumberland Coal A Iron
Honda.
State
Bid,
SECURITIES.
the pe
47
30
85
50
30
80
102
91
64
67
35
62
70
90
72
72
85
60
90
80
54
50
80
81
88
9f
15
85
72
12
65
85
74
90
67
75
60
25
80
73
67
64
58
10
97
90
85
80
98
88
82
92
85
90
82
91
75
90
80
80
68
[March 20. 1875.
THE CHRONICLE.
28G
NEW YORK LOCAL SECURITIES.
Stock List.
Insurance
Stock List.
Bank
(Quotations by K. S. Bailey, broker, 65 Wall street.)
Pbice.
Dividends.
Capital.
Companies.
,
Net Sub
plus,
Capital.
Marked thus
(*) are Par Amount. Periods.
notNatlonal.
America*
American
100
Exchange.
Bowery
Broadway
—
Bull’s Head*
Butchers & Drcvers
Central
Chatham
Chemical
Citizens’
..
25
25
100
25
100
25
100
City
Commerce
Continental
Corn Exchange*
Currencv
100
100
25
....
Dry Goods*
East River
Eleventh Ward*
Fifth
First
Fourth
Fulton
Gallatin
German American*..
German Exchange*...
Germania*
Greenwich*
Grocers*
Hanover
Harlem*
Importers’ & Traders’.
Irving
Leather Manufactrs...
Loaners’*
Manufctrers’& Build.*
Manhattan*
Manut & Merchants*.
Marine
Market
Mechanics
Mech. Bkg Asso’tion..
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex
Metropolis*
Metropolitan
Murray Hill*.
Nassau*
New York
New York
County
N Y. Nat.Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nort « America*
North River*
Oriental*
Pacific*
Park
Peoples*
100
100
100
100
100
25
25
100
100
100
30
50
100
100
100
25
40
100
100
100
Produce*
'100,000
1
50-'1,1 00
500.000
600.000
500,POO
4'0,000
50
3.000,0C0
50
100
100
100
100
1,000,000
50
10"
50
100
500,000
4.000,000
290,000
1,000,000
3,000,000
200,000
500,000
1,000.000
400,(F0
SlXMHX)
.
Q— F.
422.70 >
& J.
& J
J. & J.
J
.
412,500
1,800 000
250.000
J
.
2.000,000
1.000,000
F.&A.
300 000
J. & J.
J. & J.
J. & J.
J. & J.
M.&N.
J. & J.
J. & J
J. & J.
M.&N.
J. * J
2,000.000
.
...
300,000
1,000,000
200 000
2,000,0 0
1,000.000
L< 00.000
,
.
1.000,00
1,500,"00
200.000 |
4
10
91
10
.
Bid.
Jan. 2, i5...5
Nov 2,*74...4
Jan. 2. ’75..6
Jan. 2, ‘75.. 12
Mch. 1, *75. .5
Jan. 2. ’75...5
Jan. 2,’75...4
Jan. 2, ’75...5
Jan i. ’7 '..25
Ja -. 2, ’75...5
155
118
.....
Bowery
i.eoo
•
119
Citizens’
City
commerce Fire....
10
10
20
May, 1,’74..1U
vov.l,’74..1»
Jan. 2, ’75...5
July 1. !74.. 4
vich.l, ’75..4
Jan. 2,’75...7
20
SSJw
10
8
10
Q
8
14
10
12
Q
14
8
12
7
Jan. 2. ’75...5
Jan. 2 ’75...6
3V Feb.12,'74,3 V
9
Ja".10,’75...4
10
10
10
11
Feb. in.’75..5
J an. 2,’73. .3 v
Jan 2, ’75...5
10
’.0
Jan. 2, ’75.. .5
Jan. 2. ’75 ..5
4
12
10
10
8
10
10
8
7* Ncv.2,’74..3K
10
8
4
6
8
io
Jan.2, ’75..4
Jan. 4, '75r. .5
Oct 1, '74. .4
N< v.Hu*74..4
10
8
8
10
4
8
10
14
6
5
8
3
8
•
’73. .3
12
12
12
10
7
8
Jan. 2.’75 ..4
7
12
12
12
!0
7
July i, ’74.3V
3V
8
..
8
‘ Jan. 2.'75>.*'4
12
10
10
Jap. 2.’75...5
Nov 2,71...5
Jan.2. ’75...4
S
.
100
......
.....
150
.....
.
•
..
1.1
Howard
140}$
Importer8’& Trad..
Irving
94
......
•
.
Jefferson
.
•
112 H
121%
1U1
i3iv
Lamar..
Manuf & Builders’.
Manhattan......
Mech.&Trad’rs’
135
230
..
.....
Mechanic8’(Bklyn)
.....
......
99
r
.
99
.
ik'
.
172
ih5
141
110
95
142
93
.
■
.
•
•
IfO
112
...
i 12
i
is
»
P
®
Tl
-
*
147
Last
Bid.
Askd
*
25
20
Brooklyn Gaw Light Co
Citizens’Gas Co <Bkl>n...
do
cert) ii cates,
Harlem
...
50
20
50
100
Jersey City & Hoboken...,
Manhattan
Metropolitan
no
certificates..,
do
b
u
M utual, N. Y
Nassau. Brooklyn
do
New York
scrip....
10
VvlllianiBbuig
Bl
eC vc/
R'’Hn
c r
P.&A.
J. & J.
J. & J.
M. & S.
J. & J.
J.& J.
386,000
4,000,000
2, 00,000
...
uilunfervy—sun K
too
1,000,000
300,000
4 O'',000
1,000,000
1,000.0(10
1000
mortgage....,
6**4,000
Broadway if: Seventh Ate—stock. 100 2,100,000
1st mortgage
100C 1,600,000
Brooklyn City—stock
10 2,000,000
Is' mortgage
1000
300,000
Broadway > Brooklyn)—stock
100
200,01:()
40" .000
Brooklyn ift Hunter's Pt—stock... :oo
1000
300,000
1st mortgage bon s
central Pk, N. A E. River—stock
100 1,161,000
’at mortgage
1000
550.000
it
do
1000
600,0PP
c
Island ifc Brook'n—ist mort 1000
Dry Dock, E. B. A Battery—stock 100
Ist mortgage cons’d
highth Avenue—stock
100
1st mortgage
1000
terry—stock..
Central Cross 7own— stock.
1st mortgage
Si nth Avenue—stock
1st
mortgage
...
-.
1st mortgage
mortgage
3d mortgage
Cons. Convertible
Sixth A venue- stock
lit
mortgage
’third Avenue—stock
1st mortgage
Twenly-lhlra Street— stocK
tiV'rtirncre
*
This column
’
J>
4
7
5
M.& S.
F. & A.
n.
’75
4,’75
j.
& J.
J. & J.
Tao*
CM
ii
200,000
797,000
1000
167,000
50
'.,'99.500
350,000
200,000
150,000
Sas.OO
750,000
250,000
■oo10 0
1000
1000
100
10(H)
100
1000
100
IKK'
2,000,000
2,000,000
600,000
3
J.&D.
7
120 0<Xl
96,618 12
0,985
196,001
20,529
426,524
128,610
350,139
S'
150,000
1,000,000
‘200,100
200,000
300,000
200,000
200,(00
200,000
150,000
200,000
200,000
Q-F.
3
7
1872
5
Jan., 75
J
7
200,000
150,000
250,000
50
250.000
18:8
7
7
1882
1890
'
Q-F.
7
•)
lo
2u
’69*'
90
63
85
New York:
Water stock
Nov.1,’7.
7
1873
70
7"V
95
195
102
72V
Floating debt stock
Market stock
Soldiers’aid fund
do
do
do
87V
95
135
100
io
Q.-F.
J. & D.
F.& A.
A.&O.
M.&N.
M.&N.
,J. & J,
J. & J.
J & J.
M &N.
7
2
7
7
7
7
5
7
do
Sewerage bonds
Bergen bonds
CO
to
7
1890
4
7
Jan.,’75
1869
5
7
6
I
6
1869.
7
var.
var.
6 g.
6
var.
7
1852-67.
6
1869-71
7
7
7
7
1866-69.
1668-69.
do
Park bonds
Water loan bonds
.
ioo
Bridge bonds
Water loan
143
98
mo
'
Kings Co. bonds
Ex Jan. interest.
Jr.,
J«-n..’75...8
Jan.,’75.25
160
105
Jan.,’15. .8
Sep.,*74,...5
J«n.. ’75. It
.Jan., ’75.10
Jan., *75.11
J-n., ”*>5. .5
Jail
i5, ,5
Jan., '75..►
Jan., ’15..5
Jan., '75. .5
Jan., ”15. .1
Jan., '75.20
Jan., ’75. .5
Jan
’75. .5
Jan., *75.1(i
y
,
*75. .5
Jan., ’75.10
Jan., *75.io
Jan., ’75. .6
.Ian., ’75.10
Feb.,’75.10
Jan., *75. .5
Jan., ’75..5
Oct. .’74. .6
Jan., ’75.10 210
Jan.. ’7'».1C 155
Feb.,’75.10 200
io
...
2*0
10
10
43,051 lT~ 10
101,P02 10
58,877
30,441 3V
5
10
20
20
SV 11
!(l
10
15V 6
5
10
10
10
IS
12
14
10
14
14
10 1 10
10
-
10
20
10
1
15
10
10
16
10
14
12
Jan., 75.10
Jan., *75.10
150
112
Jan., ’75. 5
'an., ’75. .5
J• n., ’75. .5
65
’75 5
Fet.,’75.10
.1* n., ’75. .5
Feb.,’75. .5
Jan.,’75..6
Jan., ’75. .5
Feb., *75 .5
75
175
.Tan
-
,
’75.10
*75.10
Jan., ’7ft. .8
Ja •„
J n.,
-Ian .’75.10
320
166
1(8
105
i'.5
85
150
170
140
ISO
90
100
162
85
105
100
2(0
1(5
SO
185
70
162
'80
100
185
155
B0
no
20
20
10
20
20
10
10
12
30
20
12
20
18
20
100
100
20
20
20
18
90
82 V
,Jan..
16
io
33
Jan.,*75..10
Jan., '75. ft
Jan., *75. .5
Jan., ’75. .5
Jan., ’75. .5
Jan.,’75.. .6
Jan.,’75..6
10
5
20
20
14
16
12
10
100
120
85
110
r0
97
110
125
300
Jan,.’75.-5
.
110
.
»**»
..
90
r
t
-
145
140
+
*
*
90
_Tt
* * ip
-
170
190
j*.
.
160
....
11
85
81
185
95
125
ISO.
90
90
145
M5
...i
.
•
•
•
•
160
....*,
165
170
the Home
Pbick
Months
Bid.
Payable.
Feb., May Aug.& Nov.
do
do
do
do
do
do
do
do
May & November,
Fel>., May Aug.& Nov.
do
do
do
do
do
do
May & November.
Feb.,May, Aug.& Nov.
May & November.
do
do
do
do
do
do
do
dc
do
do
do
do
do
do
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1S74-95
1811-76
1901
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
1879-82
...
tFlat.
..
January & July.
do
do
do
do
do
do
Jan., May, July & Nov.
18771899-1902
1873-79
1874-1900
1875-91
Broker, 2V Wall at.]
•
7
7
7
7
7
6
6
City bonds
1<0
dividend uu riock.8, also dale oi maturity ol oonds.
6
5
6
7
City bonds
18SS
Feb., *;5
7
1865-68.
1863.
1863.
[Quotations by N.T. Bhbbs,
Brooklyn- Local Improvem’t
70
Nov.’74
1890
c
,
Jersey City:
ioo
Feb. 74
1877
1876
1885
5
6
5
6
6
6
Assessment bonds... 1870-71.
J. & J.
Jan.,’75..6
Feb.,’75. .5
Jan., ’75..5
Jan ’75. .5
■
*
18
.
1860.
Consolidated bonds
Street imp. stock*
do
do
Water loan
75
....
Croton water stock..1845-51.
do
do
.1852-60.
Croton Aqued’ct stock.1865.
do
pipes and mains
reservoir bonds
do
Central Park bonds. .1853-57.
do
do
..1853-65.
Dock bonds
1852.
do
1S70.
.
1877
Jan..*75
1841-63.
1054-57.
do
Improvement stock
Fib.,’75
5
tJani5, .5
*
14
153,966 14
246,825 14
256.690 10
Rate.
152V
90
6
7
10
25
*
120'
245
120
Bondsdue.
35
F. & A.
M.&N.
*
90
-ITT-
Jan.,’75..5
Jan.,’75..8
INTEBEST.
100
97
'ioo
'
.
3V
15
20
11
12
6
12
191,749 16
90.59i
61.403 10
121,506 10V
78,(00 10
71,077 10
5
165,369
200.000
25
25
-
*
4
I2,vl0
200. (00
-
146*
Ask *
95
'
J. & J.
J. & J.
20
16
165,216
211,544
132,708
536,221
150.000
-
-
*****
170'
[Quotations by Geo. K. Sistare, 24 Nassau Street.]
*
(mows last
122,419
50,008
151,863
26.755
121,476 12
234,314 20
350,000
200,000
200,000
*
106'*
Dec., *74.10 200
July, *14. 5
Feb.,’75.10 205
Jan.. ’75.10 210
Jan ,’7L. 10 160
Feb., *75.10 160
Jan., ’75. '.0 140
85
Jan., ’75..5
«J 8n.t ’75 5
75
Jan.. ’75.io 124
115
Jan,’75.4.80
<let., ’7). 15 240
Jan., *75 ..7 110
Jan., *75..5
Jan., ’75..5
.
100
98
106
135
1P0
1880
1
Jan.. 75
1884
Feb .*',5
Q-F.
315,753
500.000
-r
75
’04
M0
Jan,, ’75
Ja>., ’75.
♦
J. & J.
J. & J.
J. & J.
750,OOP
79.363
210,000
200,000
200,000
Jan.. ’75. .5
^
169,447
67,238
200,000
Jan.f f 7o« .5
7V Jan., ’75. .4
Jan., '75..5
•
l!5x
93
j
7
J.&D
J. & J.
J. & J.
M.&N.
A.&O.
203,000
115,712
187.759
-
*
80,264
121,317
83,445
250,000
200,000
150,000
200,000
200,000
300,000
200,000
200,000
•
5
10
72V
95^
147
110
C5ty Securities.
1«5‘'
...
900.000
1,000,000
200.000
•
•
10
70
85
142
K5
70
Over nil
280
97
5
.
Askd
100
’75.
*75
"sr„
3V Jau.,
307,000
1,200,000
:6o
.
...
Second Avenue—stock
2a
10(1
1000
174,612
ICO
Q-F.
d
125,796
f329,( 97
90.653
tS85,2Sl
28,741
143,162
77,712
’.4,861
136,241
150,000
280,000
150,000
200,000
150,000
200,000
300,000
125
Mill.
.
10
•
*
4S.P07
7
M.&N.
&
230
’50
’75.
.
2V Apr
.
225
•
Paid. Bid
liabilities, including reinsurance, capital and profit serin
tStock dividends of 25 per cent by the Hanover, and 2J per cent by
have since been declared out of above net surplus.
650 0'()
t’ mey
»Id St. A Grand St
1st mortgage
.’75
’75.
Men 9,'75
10
5
900,UOO
1st
Chridapher A Tenth Street—stock
Jan
5
5 000,000
l ,000.000
5P0.I 00
50
50
2V Jan 15 ’75
4
Oct., \*4.
1
Feb., *75.
1,850,000
lb 4,000,000
do
do
bonds.
Westchester Countv
(an..
Q-J.
A. & O.
00,000
500, CTO
100
2:
Q-F.
300."!’0
1 <
b
People’s (Brooklyn)
d<>
2,000,000
1,200,000
.
*
97,940
19,937
322,559
398,751
116,672
325,224
200,000
200,010
25
.
14
10
....
31,306
200,000
50
Stuvvesant
Tradesmen's
United States
Williamsburg CWv.
156,907
49,737
27,478
123,619
407.601
483,(4 9
119,558
26,2:6
92,615
94,133
103,654
-
150,000
500,000
25
100
100
25
50
ii
14
6
.
209.894
200,000
3,(’00,000
100
25
50
100
100
Sterling
diviuend.
7,721
260,575
240,411
212.373
*
Pbicb.
Jan., ’75..5
J*n., ’7ft..7
Jan., ’75..7
10
10
10
20
20
20
20
5
ii 13 20 20
20
31)
20
20
14
13
:0V 17
20
14V 20
14V
10
17
17
14
10
10
10
5
10
10
10
5
11
13
10
20
8V 8V 10
20
20
30
20
10
10
10
10
’.0
10
5
:0
10
SV 10
5
5
13
io
10
io 10 10
10
5
10
10
10
4
10
io io 10 10
n
12V 1‘2V 15
50
2'J
28
22
8V
10
10
10
17V 20 20
10
10
8V 10
10
10
10
5
10
10
5
10
9V
7V 10
0
15
10
10
7
7
10
10
io
10
20
10
10
10
20
20
20
15
10
10
10
10
10
10
10
10
15
15
15
14
10
7
10
10
5
10
10
20
20
20
18
10
10
10
10
5
10
5
11
17
7
20
10
390,375
200,000
200,000
150,000
E00.000
25
50
3V 10
10
5
#
200,0(0
25
Star
CS
200,000
300,000
100
.
f
200,000
153,000
300,000
210,000
250,000
300,000
200,000
200,000
1,000,000
40
300,000
too
200,000
1(0
200,0(0
30
200,000
50
200,000
17
20-1,000
10
150,000
10
150,000
100
200,000
100 1,0P0,000
50
500,000
50
20" ,000
Rutgers’
....
....
17
20
70
100
30
100
50
100
100
15
50
50
100
25
50
50
100
30
20
40
50
...
54,339
244,6«3 17
68,766 12
5,095
15,436 10
106,636
200,000
25
Dividends.
1871 1872 1373 1874 Last
22,:: 7
200.000
200.000
50
25
190
50
:-0
Metropolitan
50
Montauk (B’klyn).
50
Nassau (B’klyn)..
National
:37 V
35
N. Y. Equitable
100
New York Fire
N. Y. & lonkers..
100
50
Niagara
North l’.iver
25
25
Pacific
Park
100
20
Peter Cooper
20
People’s
Phenix (B’klvn)
50
Produce Exchange lt'O
50
Relief
100
Republic
10'
Ridgewood
Resolute
•00
St.Nicholas
Standard
2:
100
100
..
Stocks and Bonds.
Par Amount. Periods.
400.000
...
99 V.
•
50
Mercantile
Merchants’
100
.....
,
*.
Long Island(Bkly.)
Lorillard
110
iso
200,000
Lenox
133
......
f
Knickerbocker
Lafayette (B’klyn)
103
225
95
Kings Co. (B’klyn)
..
[Quotations by Charles Otis, 47 Exchange Place.]
Gas Companies.
Firemen’s
Firemen’s Fund
Firemen’s Trust...
Gebhard
German-American
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover..
H oilman
Home
Hope
....
Jan.2’7l.2Hg
8
11
8
•
......
F b. 8. *75 .4
Jaa. 2.’75...3
Jan. 2. ’75.. .7
Jan. 2,‘75...6
Jan. 2, '75.. .4
Nov.10,'71.. 4
2V
•
127
Jan. 2, ’75...6
Feb.l *75...3
Ian. 2,’75...6
Ian. 2,’75...5
Jan. 2J75.3K
8
3
12
12
S
8
•
......
3'A JulylS,’7-4.3}*
8
Feb. h. *75. 4
s
6
10
12
9
8
.
......
•
Mav, ’73...5
Jan. 2, *75...4
Jan.,
Farragut
90
95
Jan. 2, ’75...4
8
Exchange
......
Jan. 2, *75...5
Jan. 2,'75...7
13
100
210
Nov.2.'74,...5
Nov. 2,’74,..4
Jan. 2. ’75...4
Jan. 2,*75...4
9
•
—....
.
1S2
86
•
Commercial
Continental
Eagle
Empire City
Emporium
200
Jaa. 2. 75...8
Jan. 2. '75.. 4
11 2-3 Ncv.2, ’74.,-5
8
Oct. i0,’74.. .4
3
Feb. 1, ’74...3
7
May 1, ’74...7
8
......
,
200.000
25
Broadway
Brooklyn
•
-
Clinton
Columbia
Jan. 2,’75...4
Jan. 4, 7ft.3V
•l«n. 2. *75.2 V
8
..
Brewers’ & M’lst’rs
300
118
93
128
25
100
20
Arctic—
Atlantic
Jill vlU, ’73.3 V
14
15
9
10
8
Adriatic
aEtna.
American
American Exch’e..
Amity
140
38
rH CO
July 1,’74...4
8
7
11
14
Jan. 1.
Par Amount.
1875.*
«...
118%
......
Jan. 4, 75..-4
Jan. 4.’75...4
F- b. 1, '75. ..5
Companies.
Askd
......
Fvb.i,,15...5
20
8
4
10
8
.
and City R.R.
Gas
'
.
500.000’
1.500.0 0
180.000
10
10
12
7
8
7
.
500,000
600,000
1,000,000
Onion
West Side*
..
000.000
25
100
Tradesmen’8
St. Nicholas
Seventh Ward
Second
Shoe and Leather
“ixth
State oi New York....
Tenth
Third
1
1,000.000
2,000,000
ini.
100
:oo
100
100
100
100
100
100
100
40
Republic
2(0,0< K)
200,000
200.000
300.000
24
16
10
8
12
100
10
20
8
J. & J.
M.&N.
A.& O.
F.& A.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
M.&S.
J. & J.
J. & J.
J. & J.
F.& A.
J. & J.
F.& A.
J. & J.
J. & J.
J & J.
J. & J.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
J. & J.
J. & J.
A. & ().
M.&N.
J & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J & J
J. & J.
o’OOO.OOO
100
25
25
10
Phenix
1
300,000
400,000
25
Q-J.
Q—J.
000.000
600.000
500.000
2.050.000
100
ro
J. & J.
J. & J.
F.&A.
J. & J.
J. & J.
J. & J.
J. & J.
500 00'I
100
10.)
10(1
Q-F.
170.000
8
12
f
24
Q-J.
1,000.000
10.000.000
1,500.000
1,000 000
100,00(1
1.000,000
350.000
200,000
10
....
J. & j.
2,000,000 J. & J.
450,000 J. & J.
300,000 ev. 2 mos
6; so.ooo
J. & J.
100
100
100
50
100
100
100
too
100
M.&N.
J. & J.
J. & J.
Last Paid.
1874
10
8
J. & J.
3,000.000
5.000,000
250,000
1,000.000
300,000
800.000
5U
50
1873
7
6
January & July,
do
do
do
do
ao
do
do
do
do
do
do
do
May & November.
no
do
C'
1875-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
1880-83
1575-81)
91
100
90
10
100
:i 9
98
9'
99
97
108
98
107
99
*101
96
104 V
107
96
•103
S3
100
....
99
92
101V
91
101V
101V
110
101V
91
101 v
93
110
99
110
101V
102
97
108
no
97
195
69
102
102
102
101
*
102
105
106V
109
105
K6
no
no
1'7.V
:ti
106V
id
105 V
99
leiv
106V
io*
101
287
THE CHRONICLE
March 20, 1875.]
Tons.
AND
STATE, CITY AND CORPORATION
capacity of the collieries upon these lands
The present annual
is stated as follows :
3 nuestments
From collieries to be worked by
From collieries leased to tenants
FINANCES.
8,000 000
the company
2,100,000
6,100,000
Total
FIXPLANATION OF STOCK AND
and^onds
1. Prices of the most Active Stocks
ers1 Gazette,” previously.
Full quotations
found on preceding pages.
of all other securities will be
information in regard to each
2. Government Securities, with full
issue, the periods of interest payment, size or
numerous other details, are given in the U. S.
The Chronicle on the first of each month.
3.
Gas
City Bonds, and
BOND TABLES.
are given in the “ Bank¬
denomination of bonds, and
Debt statement published in
Bank, Insurance, City Railroad and
usually be published the first three
immediately preceding this.
of State Securities, City Securi¬
Stocks, with quotations, will
weeks of each month, on the page
4. The Complete Tables
Railroad and Miscellaneous Stocks and Bonds
published oh the first Saturday in each month. The publi¬
tables requires the issue of a supplement of twenty-eight
which wi 1 be furnished to all regular subscribers of The Chronicle.
ties, and
will be regularly
cation of these
pages,
The tables of
Stocks and Bonds which
have heretofore
The President says in this connection: “ When it is considered
that the anthracite coal trade of the United States has now
rfeached an annual product of 18,000,000 of tons; that it has
doubled every ten years during the pest ; that in ten years it will
be 40,000,000 of tons; and that the Philadelphia & Reading Coal
and Iron Company owns at least one-third of all the anthracite
coal land of Pennsylvania, but little doubt can reasonably be
entertained of the future success of the company.”
To supply the funds required for the various new works of the
Coal and Iron Company herein above referred to, the building of
steam colliers, the double track upon the Lebanon Valley
and East Pennsylvania Railroads, &c., &c., an issue of $10,000,000
six per cent, gold coupon bonds have b2en
during the
year.
This loan was part of a general mortgage loan of
new
made
$60,000,000, authorized by the managers, of which amount
published in the Chronicle on the last Saturday of each $35,000,000 will be retained for the present consolidated and
month will hereafter be published on the first Saturday of each improvement mortgages, $15,000 will be reserved for future
month whenever that falls on or after the 3d, otherwise on the wants, and the $10,000,000 above referred to were issued by
To
second Saturday. These tables will be greatly improved and en¬ subscription in London, in July last, at 90 per cent, in gold.
secure the advances heretofore made by the railroad to the Coal
tirely re-set in a new and larger type, and will be published in a and Iron Company, the latter company executed a mortgage of
Monthly Supplement, occupying twenty-eight pages, and furnished $30,000,000 to the railroad company, which has been transferred
and assigned to the trustees of a general mortgage, and in this
gratis to all regular subscribers of the Chronicle. The first manner
the lands of the Coal and Iron Company are pledged for
issue will appear on Saturday, April 3.
This arrangement will the payment of the
bonds created under the new mortgage.
enable the publishers to give more space to Railroad and InvestOPERATIONS AND FISCAL RESULTS.
Gross Earnings—$
Miles run by Engines—
ment matters in the Chronicle, as these are constantly growing
Main line
3,080,070 Passenger
2,012.665 89
in importance, and call for more extended information.
Laterals in coal regions
112,301,214 67
2,030,000 Freight
been
Branch roads
following table shows the prices of some leading securities,
March 19, also the prices less accrued interest or
flat,” the per
cent of interest realized per year on their cost, and the approxi¬
.
...
The
principal and interest in five years, pro¬
vided interest is re invested semi-annually immediately on its
payment. In the case of gold bonds, the price is first reduced to
gold and all the subsequent figures given in gold.
mate accumulation of
Int.
Bonds.
U. S. bonds of 1881,
period.
6’s gold
5-20’sof ’67, O’s gold
do.
do.
ten forties, 5’s gold
Pacific issues, 6’s cur
do.
N. Y. State Bounty Loans reg. 7’s
N.Y. Cen. & Hud. mortg. 7’s coup.
Cen. of N. J. Mort.b’ds '90, 7’s
do.
Consol 7’s
Chic. & R’k Isl. 1st m. 7’s....
Chic.&N. West. 1st m. 7’s, 1885...
do
consol, mort. 7’s gold—
Cen. Pac. 1st m. 6’b gold
do
San J. Val. 1st m. 6's g..
do Cal.& Oregon 1st m. g'd 6s
West. Pac. 1st m. 6’s gold
Un. Pac. Istm. h’s gold
do.
land grant 7’s
do.
sink, fund 8’s
For) Wavne 3d m. 7's
Ohio & Miss. 1st m. consol. 7's..
7’s..
do
do 2d in.
do.
..
*
Tn
J.&J.
J.&J.
M&.S.
J.& J
J.& J.
J.&J.
F.&A.
quar.
J. & J.
F.&A.
J. &D.
J.&J.
A..&0.
J. & J.
Cost of
Price
Price
March ‘
$1,000
fiat.’
bond.
19.
120% *102% *$1,028
120
*102* *1,022
115
*98%
119*
118
107
1,180
83*
97%
105*
112%
108%
104*
105*
95%
*89 %
*82%
88
*73%
85*
D3%
109*
105%
107
96
J.&J.
8a
*72*
*75*
J.&J.
A.&O.
M.&S.
A.&O.
J.& J.i
96*
*81%
A.&O.I
99
88
*98?
1,055
1,123
1.086
1,042
1,055
951
*698
*827
Int.
Acc'm il¬
lation.
per
year.
5 years.
*5 82
*5 88
*5 05
5 0?
6'66
6.27
6‘42
6-72
6 ‘ 66
7‘36
*1000
*7 2*
*8‘21
*731
*725 *9.33
*7 55 *8 ‘ 0U
*817, *7 31i
957
7 29 i
876
9 09!
95%
87%
*$1,343
*1,343
*1,280
L343
1,410
1,410
1,410
1,410
1.4 iO
1,410
*1,410
*1,343
*1,343
*1,343
*1,343
*1,343
1,410
1,479
....
96
....
I
1
94*
.
-
•
945
•!
7.441
1,410
...
gold.
ANNUAL
REPORTS.
Philadelphia & Reading Railroad.
(Returns for the Fiscal Tear Ended September 30, 1874.)
The report of Mr. Gowen, President of the Philadelphia &
Heading Railroad, is among the best railroad reports issued. The
balance sheet of his company now shows a total of $94, 915,266.
Notwithstanding the depression in business snd suspension of
manufactures, the gross receipts of the company have been larger
than those of any other year except 1873, while the net profits are
greater than those of any previous year. As compared with
1873, the coal tonnage'lias fallen off three per cent.; merchandise
rect ipts have decreased six and one-fifth per cent.; and passenger
receipts have increased one and eight-tenths per cent. The follow¬
ing table exhibits tlie comparative traffic of the last three years :
Number of Dassengers
carried
Number of tons o! coal. 2,240 pounds...
Number of tons of merch’se, 2,000p’nds.
The
1872.
1873.
1874.
6,3-3,991
6,790,088
6,964,869
6,185,434
2,891,400
6,546,553
3,331,191
6,34s’si2
3,098.831
purchase of coal lands made during the year by the Phila¬
delphia & Reading Coal and Iron Company, added to those pre¬
viously acquired, w ill make an aggregate of 100,000 acres. At
present it is not designed to purchase any more, except such few
small tracts of intervening land as may be found to be necessary
additions to the present estate. For the last two years a large
number of collieries, formerly worked by tenants, have been
bought. New ones have been erected, and the old ones re¬
modeled and improved.
These works, which have occupied the
greater part of two years, are now completed ; and of the eightytwo collieries now in operation upon the lands of the company,
thirty-seven will be worked by the company itself—the others
remaining in the hands of tenants until the expiration of their
respective leases.
■
'
The tonnage of the lands owned and controlled by the Phila¬
delphia & Reading Coal and Iron Company for 1874 was 3,006,774
against 3,218,376 in 1873.
Total
.
52,686 70
Mail
Other
2,988,047
85,553 92
8.119.077
14,452,121 18
Total
Traffic—
6.061,869
Passengers carried
Passengers carried one mile, 79,265,041
Coa! (tons2,240lbs.) moved. 6,318.812
Mereiul'e(tons 2,000 lbs)m’d 3,008,831
MaUls* (tons 2,000 lbs.; m’d.
493,591
Coal moved one mile (tons). 485,716,746
Operating Exjienses—
j Maintaining roadway, etc. 1.120,112 21
|
Maintainingequipm’t,etc. 1,544,121 68
3,005,079 77
I Transportation
(Other
740,219 73
I
Merchdse m’ved 1 mile (tns).150,051.834 |
Net, Earnings above operating expenses
6,409,533 99
Total
8,042,587 79
Including the earnings from the canals, steam colliers and coal barges, the
gross receipts were ^0.16:3.265 14.
Of the above coal, 263,923 tons were bituminous.
The number of tons of
coal moved on the main line and branches was 5,182.560; on lateral roads
1,166,252—total, 6,348,812, of which 347,811 tons were for the company’s use.
* For use of road.
+ Of this amount $8,920,913 71 were
Net earnings as ab >ve...
Richmond shipping expenses
Rents
Profit and loss, damages, premium
on
derived from coal transportation.
$8,042,587 79
$230,945 52
918,800 76
189,355 27
gold, etc
19.889 79
Insurance account
132,516 19
39,133 46—$1,530,700 94
State, county and city taxes.
State tax on tonnnage
Renewal fund
791,6sl 98— 2,322,.‘882 97
-
receipts (being 39-6 per cent, of gross earnings)
$5,720,204 82
refunded, under decision of 17. S. Supreme Court
70,810 33
Add balance of interest account, including interest and divi¬
dends on stocks and bonds held by the company, receipts
from the Philadelphia & Reading Coul and Iron Company, first
deducting drawbacks on trade of 187-t, loss on line of Rich¬
mond coal barges, and upon the business of the Schuylkill
and Susquehanna canals, and interest on instalments on con¬
vertible loan 1873-93.
1,280,859 50
Net
State taxes
$7,071,874 65
Total
From which deduct—
Interest on bonded debt
Interest on bonds and mortgages
$‘-',614,580 00
108,895 00
...
Sinking fund consolidated mortgage loan, 1871-1911
Sinking fund improvement mortgage loan, l873-’97
203,027 (’0
200,000 00— 3,126,502 00
$3,945,372 65
Amount to credit of reserved fund, 1873
Total reserve fund...
From which were paid dividends of
each in April, July and October, 1874
State tax on same
693,000 14
$4,638,372 79
...
2% per cent
$2,570,543 14
197,076 29— 2,767,619 43
$1,870,753 36
Dividend of 2* per cent,
9 3,982 17
Jan. 2, 1875, and tax on same
$936,771 19
Balance of reserved fund
COMPARATIVE STATEMENT FOR FOUR YEARS.
Rojd and Equipment.
1872 3.
1871-2.
1870-1.
323
327
261
Miles of road owned
7-5
615
700
Miles of road operated....
377
400
343
Locomotives owned..
2S0
229
255
Passenger train cars
...
1873-4.
327
755
405
279
15,769
17,79 i
19,018
13,892
560
588
735
769
Opera'ions and Fiscal Results.
80.057,143
73,607,349
Passengers carried 1 mile. 66,915,531
Coal (tons) moved
469,268.893
437.923,082
499, 373,260
Mdse. “
118,849,760
83,701,444
161,644,430
$
$
$
Gross earnings
12,125.038
14,832.661
12.544,933
;.....
8,01.3,542
7,555,903
9,474,895
Operating expenses
79,265.041
485,716,746
150,054,8734
$
14,452,121
8,731,916
Freight train cars
All other cars
Net earnings
5,720,205
4,061.496
5,357,766
4,989,030
17.910
846,478
Income from other sources
1,7351,670
1.065,116
1,910 960
73.126,502
Interest and sinking funds
2.1-4,226
837,274
Dividends
(10^)3.344.876 (10£)3,51i>,8:0 (! 07)3,596,578( 12* 7)4566,825
Financial Condition (Nor. 00) in Each Year.
Stock—Common
30,014,775
32,718,775
32,634,375
do
Preferred
1,551,800
1.551,800
1,551,800
Funded debt
44,186.716
33,120,804
25,735,884
Other accounts, &c
2,9 0,242
4,172,014
4,? 70,055
Balance—Reserved fnnd.. 2,504,420
1,958,004
2,492,205
Total liabilities....... 62,837,121
73,486,997
85,825,551
32,722,775
1,551,800
58,155,138
7,156,644
1,870,754
101,457,111
1871-2.
1872-3.
1873-4.
40,859,487
Road, equipment. &c
Stocks and bonds owned. 6,157,705
Advances*
11,962,000
Materials and supplies.... 1,157,486
Cash on hand.
2,065,841
44,516,786
5,877,465
18,825,965
1,590,785
48,013.053
5,933,650
26,366 116
1,050,392
634,M2
1,625,604
1.172.109
2.378.110
50,336,211
8,147,846
30, M0,000
2.282.943
2,815,168
7.874.943
property & assets. 62,835,121
73,486,997
85,825,551
101,457,111
1870-1.
Other items and accounts.
Total
1,904,513
* These advances were made to
the Philadelphia
Co. in 1674.
They are represented by the mortgage
railroad company to secure its advances.
Erie
Railway.
& Reading Coal and Iron
of $30,000 executed to the
1871.
1872.
1873.
1874.
Dub. & Sioux City RR...
Ia. F. & Sioux City RR.
Cedar F. & Minn. RR...
1,185,633
140,672
141,101
945,277
282,278
121,146
947,213
1,106,339
337,462
433,907
128,616
137,054
1,067,592
415,014
145,291
Total from all sources...
8,678,958
4,759,003
8,401,142
4,611.919
8,026.764
4,846,854
8,263,325
4,600.109
7,900,721
4,030,150
Net
3,919,950
461,585
3,759,223
3,179,899
3,668,216
142,856
70,635
5b3,302
428,574
56,000
572,517
463,513
19,533
5 3,329
652.752
3,870,570
394,366
68,263
632,577
1,062,629
1,026,375
1,076,793
1,137,326
1,095,207
2,857.321
2,732,847
2,103,107
2,530,890
2,775,362
621,053
2,594,392
573,182
2,726,559
557,420
558,437
413,610
2,105,533
1879.
a
Net
run
by trains—
*9,863,760
Freight
Traffic—
Passengers carried
Passengers carri’d one
4,223,130
mile.160,204,125
charged for the respective
2,537,760 2,547,930
\al Condition at Close of Each Year.
$
$
$
25,280,210 25,280,540 25,4(73,890 27,250.000 20,000,000
16,110
16,610
1-6,370
Canc’d bonds & script...
3,705,571 06
13,740,012 44
915,493 54
Mail and express
Other
tax.
Capital stock
$
Gross Earnings—
Passenger
Freight
3,259,911
Passenger
revenue.
Interest, & exchange
Div’ds 10 p.c. & U. S.
OPERATIONS AND FISCAL, RESULTS.
Miles
25,527
.
pamphlet giving the same report made to the
President Jewett’s report to the directors was
State authorities.
published in the Chronicle, in December, 1874, and should be
read in connection with the figures below :
February
revenue
Deduct—Ch’tr tax in 111..
“
Ch’tr tax in In..
“
Rent of la. lea’s
(For the Fiscal Tear Ending September 30, 187-1.)
The report of the Erie Company for the year ending September
30 is mads to the State Engineer of New-York State.
The com¬
pany does not issue a separate report of its own, but published
in
[March 20, 1875.
THE CHRONICLE.
288
......
Funded debt less con¬
struction bond fund...
Permanent exp’ditures..
Gold 7 per cent bond of N.
O. line held against III.
Cent. 5 per cent
Stock of supplies, etc...
-
6,869,500 5,764,500 6,029,000 5,- 39,000 9.842,000
33,199,574 33,610,185 34,024,092 34,726,530 36,165,290
-
4,842,000
749.666
831,336
1,212,539
1.810,090
779,127
745,962
611,031
1,117,892
1,940,574
1,699,294
237,788 72
Chesapeake & Ohio Railroad.
(.Returns for the Fiscal Year Ended September 30, 1874.)
Operating Expenses—
Classes per mile—
The President’s report was published iu the Chronicle of
Maintenance r’dway, &c.. 3,485,602 20
For tirst-class through
02-032 cents. Mainten’ce equipm't, «fcc.. 2,799,102 30 Jan.
For emigrant through.. ..01197
9, p. 42.
The following are additional figures from the
+6,364,276 | Transportion
| „
Q^.} o.>
Freight (tons) moved ....
company’s
pamphlet
report:
■Other...
J7,.78,9,.3
83
Freight (tons) moved one
Rate
mile
Rate per ton per
OPERATIONS AND FISCAL RESULTS.
1,047,420,233
Net Earnings
Interest on mortgage debt
Interest, oilier than on mortgage
13,563,738 32
$5,035,160 44
earnings)
$2,799,805 64
165,807 00
717,315 75
debt..
Rentals of leased lines
Payment guaranteed to Suspension Bridge & Erie
June. RR. in excess of 30 per cent of its earnings..
Payment guar, to Paterson &
of 35 per
cent
Proportion of loss
Loss operating
Hire of cars
Insurance
of
Total (72 92 p. ct.
01*311 cents.
mile
18,598,898 76
Tot d
operating Cin. Han. & Dayton RR
Sundry claims appertaining to past years,
and settled
Rents payable over
adjusted
Net
134,058 12- 5,021,024 83
$14,135 61
Owing to a more accurate system of
than last year.
+ Of which 3,854,426 tons were coal.
*
keeping accounts the milca e is less
COMPARATIVE STATEMENT FOR
FOUR YEARS.
Operations and Fiscal Results.
156,143,351
161,633,424 160,204,125
950,708,902 1,032,986,809 1,0-17,420,238
$
$
$
18.598,899
18,371,888
20.012,607
13,563,738
13.640,642
12,591,504
148,242,790
Passenger carried one mile..
Freight (tons) moved one m.
S9i ,446,128
$
17,168,005
12,199,096
earnings
Operating expenses
Gross
1873-4.
11872-3.
1871-2.
1870-1.
4,968,909
5,777,333
6,371,965
5,035,161
1,771,139
1,742,554
2,531,942
2,799,806
893,338
1,240,891
1,569,438
597,584
Financial Condition, Sept. 30, in Each Year.
8,536,910
8,563,910
8,536,910
Preferred stock
861,358
Net earnings
funded debt
Rentals. &c
Dividends
Interest
on
stock
Funded debt
1,329,384
Common
.
112.935,710
Total
Cost of road &
*
78.00 ',000-
78.000,MO
37,917,142
2,714,103
45,576,814
2,552,203
115,440,211
108,807,687
127,168,155
[111.630,092
115,015,901
+
Floating debt
equipment..
106,904,362
8,536,910
78,000,000
26,395,0.10
2.517,301
78,000.000
*26.398,800
131,665,927
1871....
1873....
1870....
..
...
...
1874...
1873....
...
1872
1871...
1870...
.
Mail and express
Others
. ...
..
...
January.
February.
51%-46%
50%-10%
69*4-63
33%-30
23*-21*
284-24%
*23)8-27#
25 -22%
July.
April.
May.
-37%
66%-62%
61%-32%
22%-18%
40)4-31
66%-63%
72 -60)4
22%-20
36%-3 4%
05)4-59%
75%-62f4
31%-20%
26%-24%
September.
25%-23%
24%-23%
March.
47
38 %-33%
October.
36 -27
65% -58
59%-50%
62 —5H %
52 fa-44/4
59%-50%
53)a-44%
54
55
29%-27%
31 %-28%
35
23%-20)4
24)4-2 1%
August.
34%-31%
-47%
-29%
23%-22
June.
31)4-26%
64%-01%
66)4-50%
31 %-26
25%-21%
November. December.
-47%
32%-26%
23)4-22
29%-20%
47 -35)4
57%-l 8
31 f4-28%
25%-2 2
29%-20
47%-42)4
62)4-51%
33%-30%
21%-22)4
Total ($3,476 61 p. mile) .1,460,189
Operating Expenses —
Maintaining roadway, etc.. 361,053
Maintaining equipm't, etc. 225,914
Transportation
481,841
Illinois Central.
93
96
88
12
4,230 18
135,230 34
Taxes
Other
Total ($2,981 28 p. mile,
and 83*16 p.c. of ear'gs)
1,214,340 48
$245,849 45
6,956,881
Passengers carried one mile
Freight (tons) moved one mile
8,005,450
70
51
2,343
7,623,120 10,630,772 11,552,189
9.222,243 32,398,683 60,264.194
$
1,460,190
290,009
288,945
330,809
Financial Condition Sept. 30 in Each Year.
245,850
769,265
Operating expenses
479,256
Net earnings.
1873-74.
430
♦
1.210,509
879,700
Gross earnings
777,632
488,687
1,214,310
5,354,110 13,355,914 15,854,138 15,854,138
44,264
Capital stock
44,261
Preferred stock
Funded debt
11,426,257
Floating debt
1,234,906
44,264
44,204
18,624,953 22,055,639 23,282,921
7,378,481
7,379,888
18,059,513 35,412,592 45,332,522
Atlantic & Pacific—Pacific of Missouri.
46,561,211
3,387,461
Total stock, bonds, &c
In advance of the annual report the following brief statement
lias been issued, showing the earnings of these roads in 11374:
R'ceipts from traflic department of Atlantic &
$1,360,977 90
Pacific line
on
minerals, and in¬
460,422 50—1,821,400 40
investments
Disbursements for
Disbursements for
$639,312 07
918,739 35—1,558,051 42
operating expenses
general expenses at.d interest...
Surplus to income account to December 31, 1874
Receipts from traffic department Missouri Pacific
line
$263,348 98
$3,713,452 93
89,523 71 $3,802,976 64
Receipts from other sources
Disburcements for operating expenses
Disbursements for interest, rentals and
dividends..
$2,261,563 97
1 418,S89 92—3,680,453 89
Surplus to income account, December 31, 1874
Summary.
Gross revenue Atlantic and
lines,
Pacific Railroad Company and leased
1874....'
Gross disbursements
Surplus
(Report for the year ending .Dec. 31, 1874.)
2,471 55
COMPARATIVE STATEMENT FOR FOUR YEARS.
Road and Equipment.
1872 73.
1870-71.
1871-72.
428
227
Miles of road operated
227
70
45
Locomotives owned
39
51
45
Passenger train cars
33
906
2,262
Freight train and other cars.. .*
421
Operations and Fiscal Results.
terest
monthly range of Erie common stock in the New York
market for the five years, 1870 to 1874 inclusive, was as follows
1872....
1871....
Freight
reported.
The
453,376 60
950,312' 33
51,029 45
earnings
Receipts from lands, royalties on
but not sold until 1872.
Including $3,000,000 new bonds issued,
+ Not
$
Gross Earnings—
Passengers
1,632,791
..
mile. 3*92 cts.
Freight moved (tons)306,465
Freight moved one mile (tns).60,264,194
Rale per ton per mile........ 1*50 cts.
78.158 63
Balance of the year
131,498
Rate per passenger per
143,313 75
rents receivable
Miscellaneous payments
Other
mile run
13*22 cts.
Traffic—
Passengers carried
221/75
Passengers carried one mile. 11,552,189
460,955 48
209,507 73
151,646 75
Taxes
Freight
545,324
955,969
Cost pot*
11,875 90
61,625 65
29,346 45
Pavonia Horse RII. and ferry
Mileage—
Passengers
Total
56,977 98
Newark RR. in excess
Lore mot i ve Fa gine
Increase of net
..'.
.:
earnings from traffic in 1874 over 1873
$122,522 75
$5,624,377 04
5,238,505 3i
$’85.871 73
$206,560 0
President’s report was issued by the com¬
Detroit Lansing & Lake Michigan.
several wreeks since, and published in the Chronicle of
The annual report to December 31,1874, shows: capital stock
February 6, p. 1-10. The following comparative statement for
five years past compiled, as to 1874, from the full report lately paid in, $1,078,100 ; funded debt, $6,054,000 ; unfunded debt, $441,420 10; current expenses, $22,454 09; total debt, $6,517,875 18;
issued, will be found of much interest:
cash realized from sale of bonds, $4,929,500.
Total cost of road,
COMPARATIVE STATEMENT FOR FIVE YEARS.
$5,587,603 19, or $26,993 25 per mile; cost of equipment, $943,operations and Fiscal Results.
192 96, or $4,556 49 per mile.
Length of main line, Detroit to
1872.
1873.
1874
1871.
1870.
Huron City, 164 miles ; with 22 miles of branch lines and 21 ot
$
$
$
$
3,980,090 sidings, making the aggregate 207 miles.
4,737,975 4,305,617 4.148.901
4,609.800
The earnings for the
An abstract of tlie
pany
1,212,912
1,735,400
1,470,746
1,331,899
2.972
*2,475
2,880
1,283,922
2,680
76 500
168,783
76,560
145/80
76,500
129,935
76,500
13 ,,2*20
150,522
192,216
159,437
232,053
Dockage and storage....
8,511
4.506
13.821
14.165
131,735
206,128
13,072
Total gross earnings....
Net earn, over other rds.
6,722,039
488,914
0,030,304
5,890.441
5,701,370
422.137
6,020.089
593,314
700,583
571,452
7.211,553
7,052,441
6,613,433
6,591,025
6,272,822
Passenger A
sleeping
Extra baggage
Mails
'
3,147
27,649
year were:
Passenger earnings
Freight earnings.
Miscellaneous
Total
sources
".
$222,393 48
559,671 41
25,632 42
\ $807,697
38
expenditures charged to cost of road and equipments
during the year amounted to $153,772 29. The expenditures for
*
operating were:
The
THE
March 20,1875 ]
Maintenance of way and buildings
Maintenance of motive power and cars
Miscellaneous
Total
Per cent of expenses
The earnings
amount paid for
not
$77,081 35 Railroad. However incredible such a proceeding might seem, and the attack
68 487 33 being inspired from whatever motives, or originating from whatever source,
293,685 54 it must be confessed that nothing seemed left the Erie executive but
~
.
very serious matter, pressing it to
while necessarily, from the peculiar
circumstances, deferring final action upon the lease. Meanwhile, the
Atlantic, failing at all points in financial strength, and 'strangled by the
to await the consummation of this
the speediest possible conclusion,
$439,254 22
54 38
to earnings
above operating expenses were $372,443 10 ;
interest, $235,933 53; of interest falling due and
sums take i frmn its current earnings to pay boudedinterest, passes into
the receiver's hands itself.
2. The leased lines rental trust bonds of 1872 do
large
not, nor cannot, take priority of the first mortgage bonds of the Atlantic &
Great Western Railroad. 3. The coupons of these first leased lines rental
t’ust bonds of 1872 should be paid regularly, in part at least, and perhaps
paid, $253,080.
Consolidation Coal Company.
The annual report
the following:
fully, depending upon circumstances, with the exception now explained. The
first leased lines are composed of the Cleveland ami Mahoning, Niles and
New Lisbon, and Liberty and Vienna Railroads, each with a specific rental
due from the Atlantic Company. But the Ohio First Mortgage bonds, under
a decree of court, are made a fir -1 lien upon two-thirds.of the lease of the
Cleveland and Mahoning Railroad to the Atlantic Company. And I assume
that you are fully cognizant of the peculiar nature and position of the first
Ohio mortgage. Hence, in the appointment of a receiver for the Atlantic, the
Court authorized that officer to borrow money to pay the rental of the Cleve
land and Mahoning due f<>r the six months ei ding with the 31st ult., but
omitting the biles and New-Lisbon, and Liberty and Vienna rentals for the
same period.
The Atlantic is. competent to earn its rentals, but at this mo¬
ment is straightened by reason of the diversion of its earnings, heretofore
spoken of, and it requires a little time to full v meet its first leased lines rent¬
als. And while as receiver I had borrowed the money to pay that portion of
the, rentals ordered by the Court, to wit, the Cleveland and Mahoning, and on
Saturday (dav before yesterday) offered the payment, it was refused by order
of Sir John Swinburne, one of the trustees now in New York, on the ground
that he must have all the rent or none at all. 4. The value of the coupons of
the first mortgage bonds of the Atlantic and Great Western Railroad must de¬
pend upon the action of their holders in the plan of re-organization. 5. 'J he
charges which take precedence of the two “ above-mentioned securities ” are,
first, the amounts due for current labor and supplies since Aug. 9, 1874, the
balances due connecting roads and freight lines subsequent to same date ; and
secondly, the principal and interest of the first Ohio mortgage bonds which
mature during 1876.
This would be the same if the Erie lease was operative
in respect to the Ohio mortgage. The Erie lease was a just one, but the situ¬
ation is such now that I need give no further time to it- explanation, while I
am gratified at the opportunity of thus advising with you as a representative
of the bondholders of the Atlantic Company.
I venture to suggest that a com¬
mittee of bondholders sufficiently strong to control, and with full power to
decide upon the details of a new organization, come here as early as conve¬
nient to satisfy themselves of the reil worth and circumstances affecting the
property, and to avoid the mistakes of the past in its reconstruction. If too
much time be lost in this work, under the operation of the approaching maUnity of the first Ohio mortgage bonds, you may hazard eveiy thing that migh:
for the year ending December 31, 1874, lias
The gross receipts from
&c., (including value of
mines, railroad transportation, rents,
coal on hand), were
Working expenses ol mining and
salaries, hgai expenses, &c
of the railroads, taxes, freights,
$2,756,948 16
1,976,294 30
$180,653 86
addition to the ordinary working expenses
s'ated. there have been paid from the earnings
In
above
of the
year, for extraordinary improvements
The interest on the funded debt for the year was
Sinkinsr fund (retiring 187,000 of mortgage
Total interest,
sinking, fund, &c
Balance net earning
Dividend paid January
bonds)—
$37,870 00
198,709 79 j
73,566 28
$315,166 07
$465,487 79
410.000 00
2, 1675
$55,487 79
Surplus of ycajr
289
CHRONICLE
The Company has no floating debt, and by the Treasurer’s
statement of January 4, 1875, after deducting the dividend, the
cash assets were $128,000.
The tonnage for the transportation and mining departments dar¬
follows : Total transportation on all the
Company’s railroads, in 1874,2,214,838 tons,' in 1873, 2,471,398
tons ; decrease in railroad tonnage, 256,5G0.
Mined and delivered
from the Company’s mines, in 1874, 467,451 tons ; in 1873,548,484
tons; decrease, 81,033.
The Board congratulate the stockholders on the favorable re¬
sults presented in the foregoing statement.
It shows in a year of
great depression throughout the country, and of reduced sales and be saved.
transportation by this company, a larger net revenue than at any
Boston Hartford & Eric.—On application of the trustees, who
former period, resulting from the improved condition of the
have operated the road since September, 1871, for an order trans¬
property and general economy of administration.
The railroads of the Company have been improved during the ferring the road to the New York & New England Company, on
that company’s giving security to settle all claims and accounts
past year by the addition of 248 tons of steel rails of heavy pat¬
against the trustees, the Massachusetts Supreme Court gives
tern upon the main line, and of 134 tons of new iron rails upon
notice that a hearing will be neld in Boston, March 17, when
the branches.
The rolling stock has been improved by tlie re¬
cause may be shown, if any there be, why the order asked for
building in tlie Company’s shops of three large locomotives. The should not be
granted.
engines and cars generally have been maintained in good con¬
dition.
Burlington & Missouri Railroad in Nebraska.—This com
The Company’s mines are now in a condition to furnish 3,500
pany has filed a bill in the United States Court at Omaha, against
tons of coal per day.
the Union Pacific, claiming title to 300,000 acres of land now io
The works of tlie Company, both in its mining and railroad
possession of the latter company.
departments, are in such a state as to assure economical results
Central Railroad & Banking Co. of Georgia.—This company
for the
ing the year 1874 were as
coming year.
important suit of the Maryland Coal Company against this
Company, to enforce a reduced rate of transportation on the
ground of their being the lessees of the George’s Creek Coal and
Iron Company, lias just been decided iu our favor by the Court of
Appeals of the State of Maryland, they having allirmed the de¬
The
of the lower court.
The hoard of directors for tlie
cree
ensuing year is as follows: Allan
Campbell, President; Adam Norrie, David Stewart, VVm. Wliitewright, Jr., Win. M. Evarts, Win. H. Neilson, Geo. B. Warren,
Jr., Frederick Schuchardt, Lloyd Aspinwall, Frederick G. Foster,
Walton W. Evans, directors.
advertise their
Chicago & Alton—Chic. &
NEWS.
Chattanooga.—The foreclosure sale has again
postponed, this time from March 8 to April 5. The post¬
ponement is made to give time for the completion of the negotia¬
Alabama &
State of Alabama for
a
Atlantic & Groat Western.—The Tribune reports Mr. Swin¬
burne as saying that tlie courts have decided that tlie rentals of
tlie Cleveland & Mahoning Valley Railroad shall he paid into the
hands of Charles Ilickox, the receiver appointed at liis instiga¬
tion. Efforts are making to harmonize the conflicting interests,
and Swinburne is trying to secure the rolling-stock for the proper
operation of the several roads committed to liis care as trustee.
An agreement is sought upon some plan for the re-organization
of the Atlantic & Great Western Railroad.
With the object of
attaining this end, Mr. Devereux, the receiver, lias sent the fol¬
lowing communication to the first mortgage bondholders :
1. The lease of May, 1874, is not at this time recognized by the Eric Com¬
pany, and it is difficult to explain tlie action of that Company in the matter.
The lease was ratified by the boards and stockholders of the Atlantic <fc Eric
companies respectively, and following such action I was requested by the
and accrued interest, on
Ill. River.—The consent of the
road, and it is expected that
made
Alton Railroad was given
Chicago and Illinois River
the lease will be perfected and the
public in a short time.
peared in some of the newspapers,
are said to be inaccurate.
1
been
tion between tlie bondholders and the
settlement of the existing differences.
to pay at par
stockholders of the Chicago and
since for the leasing of
some time
terms
GENERAL INVESTMENT
purpose
presentation at the National City Bank of New York, the one
million first mortgage bonds, due Sept. 1, 1875.
One object of
this anticipation of the bonds is to offer to the bondholders the
privilege of exchanging them for the new tripartite consolidated
7 per cent bonds of the company at par and interest for the bonds
surrendered, and 95 and interest for tlie new issue.
Statements, which have ap¬
purporting to give the terms
Chicago Danville & Vincennes.—An
advertisement is pub¬
with
of said railroad,
lished by some bondholders stating that having conferred
various parties in the interest and management
and made a partial investigation of its affairs, the signers are
the opinion that the bondholders, for
should take no hasty action in the premises, but should meet
of
the protect:on of themselves,
gether for consultation iu
them all such
benefit.
to¬
their own behalf, and have before
information as can be acquired for their use and
be held at room 35 Drexel Building, on
A meeting is to
Friday, the 19th of March.
—A meeting of the Maryland bondholders of tlie Chicago Dan¬
ville & Vincennes Railroad Company was held recently, at which
$300,000 of the fiist mortgage bonds were represented. An
of the recent legal proceedings was given by Mr. Judson and Tenney, the officers of
the company, and in accordance
with their plan, a resolution was adopted by the meeting that
those present give their influence and support to the trustees of
the bondholders, and sustain them in their application to obtain
possession of the property of the road.
account
Cincinnati & Martinsville.—This road has been leased again
and management. to the Indianapolis Cin. & Lafayette, and will be operated by that
supplies ; and, as company hereafter. The terms of the lease are not made public.
also required by the statute law of Ohio, the Erie was bound in entering upon
the propel ties to make deposit of adequate security for the faithful perform¬
District of Columbia.—Attorney-General Williams has received
ance of the stipulations of the lease.
This security was designated by Board
from the Commissioners of the District th« foliowiug inquiry :
resolution as $1,000,000 of the second mortgage boi ds of the Erie Company.
While still recognizing the lease, the Erie failed to comply with the con¬
Whether the pledge of the faith of the United states for the
ditions as stated; and the situation continued unchanged throughout the
bummer, the understanding being that, with the perfecting of financial ar¬ payment of the principal and interest of these bonds'may now he
considered complete, and whether the Sinking Fund Commissioner
rangements iu London, the lease and law would be fully complied with by
the Erie Company. Throughout, the Atlantic Company has held that the
would be justified in using the words ‘principal and interest
lease was operat ive, legul and binding upon the Erie Company, and which
guaranteed by the United States’ over the signature of the officer
position had not been formally dissented from by the latter, although three
of the United States Treasury, by whom such bonds shall be
mouths ago, for the first time, there were raised serious points of difference
h('tween us by the hrie management as to the status of the lease. And about
registered in lieu of printing the words of the various laws rela¬
that time, also, the Attorney-General of New York was moving to put the Erie
In reply, lie says that
iuto the hands of a receiver, on the ground that, its directors were violating ting thereto upon the back of the bond.”
the obligation of the United States Government is not a guaranty,
the law in making an unauthorized lease of the Atlantic & Great Western
Executive of the Eric to operate the Atlantic road under
rangements could be made for its more immediate control
The lease required payment by the Eric of the value of all
the lease until ar¬
“
fHE CHRONICLE.
290
and concludes
by saying
:
“ I would suggest the
place of what is proposed by the Sinking
following in
Fund Commissioners:
20, 1874, and February 20,
is pledged to pay the interest
hereon as the same may become due and payable, and to provide
for the payment of the principal hereof at maturity.
This form
is sufficiently concise, and, in my judgment, describes the obliga¬
By the acts of Congress of June
1875, the faith of the United States
tion of the Government with more accuracy
than the form sug¬
gested by the Commissioners.
International Land Grant Bill—The following are the
main features of the International Land Grant Bill which has
passed both Houses of the Texas Legislature and been signed by
the Governor, as we stated last week :
1. In full settlement and satisfaction of all claims of the com¬
pany for bonds against the State, the act "grants to the company
twenty sections of land of 640 acres each for every mile of road
now built
or which
As the por¬
may hereafter be constructed.
tion already completed is about 200 miles, the road is therefore
entitled at once to 2,560,000 acres.
2. The company is authorized to
locate the said lands as head-
[March 20, 1875
the panic of 1873 the road came back to the
without rolling stock sufficient to operate
New Jersey Midland
it, and without
any
accruing interest. The bondholders then consented
to fund their coupons, and litigation was stayed.
To carry the road, thus unexpectedly coming back to the com¬
pany, the directors advanced in cash sufficient to secure rolling
stock and to measurably satisfy the floating debt creditors, and
means
to pay
this advance was without one dollar of consideration.
The road at the time the complainaut’s late proceedings before
the Chancellor of New Jersey was earning at the rate of $560,000
upon an essentially local business, built up in a single
The answer of the Board of Directors negatived under oath
every allegation of fraud charged in the complainant’s bill; and if
the company had chosen, the bill would have been dismissed with
costs, as at the hearing there was $1,000,000 of first mortgage
bonds represented favoring the keeping of the road in th s hands
of the directors, together with a majority of the stock,
But the
embarrassment caused by the proceedings of the complainant,
manifestly, as thought, instituted for the purpose of depieciating
the bonded debt of the company and its stock, was such as to
ead the directors of the road to consent to the appointment of a
receiver, Mr. Hobart, one of the oldest directors, being appointed.
>er annum,
year.
right certificates were formerly located—that is, without being
under obligation to locate alternate sections lor the State.
Any
Northern Pacific.—Pursuant to a. call a meeting of bondhold¬
unappropriated public lands may be selected.
3. The said lands and the certificates issued therefor are ers was held at the office of the company, 23 Fifth avenue, on
18th inst. From the Tribune report we learn that the
exempted and released from all
State, county, town, Thursday,
rooms were crowded, and a singular unanimity was developed
city, municipal, and other taxes for the period of twentyfive years
from the date of the
respective certificates in the meeting in favor of the present management. Only one
issued.”
Also, the railroad company and their capital stock, party was found, Mr. Shurtliff, of SpriDgfield, who ventured to
rights, franchises, rolling stock, and all other property propose any change, and his motion for a committee of bondhold¬
which now, is, or hereafter mhy be owned by them
is in ers, who should not be stockholders, to investigate the company’s
the same manner and time wholly exempted—except from affairs was voted down by an overwhelming majority. Finally
the following resolutions were passed :
county and municipal taxes in such counties, cities, and towns
Whereas, The Board of Directors of the Northern Pacific Bailroad Com¬
as have been donated in their bonds to aid in the construction of
confidence, confirmed by time and iuvestiga'ion, in the great
said railroad,” provided such counties and cities do not default on pany -express
merits and final success of the Northern Pacific Railroad in the most extended
the interest or principal of the bonds.
‘
meaning of these words ; and
Whereas, The said Board has reported to this meeting that, in their judg¬
4. The seventh section provides that, if the company shall ac¬
ment, the earnest and efficient aid and support of the boudholders is essential
cept the provisions of this act “it shall be and constitute a full, to th^ early resumption of the work of construction, and that, with such aid
final, and conclusive settlement of all the claims and demands of and :-upport as the bondholders can wisely and safely give, it is possible to
said company against the State for bonds under the ninth section proceed with the work of construction at an early day ; therefore
Resolved, That the chairman of the meeting appoint a committee of seven
of the said act of August 5, 1870; and this act shall also be held
to confer with the directors of the Northern Pacific Railroad Company in re¬
to constitute an irrepealable contract and agreement between the
gard to its management, and the present and future interests of the bondhold¬
State and the said company, its successors and assigns.”
ers, and that they report at some future meeting.
5. The above-mentioned exception from taxation does not apply
The committee was not named at the time.
to the lands or railroads which at the time of consolidation be¬
Gen. Geo. VV. Cass, the President, addressed the meeting.
He
longed to the Houston and Great Northern Railroad Company,” said that the Northern Pacific Railroad Company had earned the
or which may hereafter be constructed or acquired under that
following lands: From the Northern Pacific Junction to Moor¬
charter.
head, making 228f miles, at 20 sections, or 12,800 acres to the
The foregoing, which we have prepared from the act itself, is a mile, 2,928,000 acres, less one-half, the title of which is withheld
full statement of all the provisions of the bill which are of any until Lake Superior is reached, leaving 1,464,000 acres; from
u
“
“
Dakota, 198 miles, at 40 sections, or
to
the
mile,
5,068.000 acres, and the Pacific
making
Missouri Bonds.—In reply to a request from the Governor,
Division,
from
Kalama
to
Tacoma,
105 miles, at 40 sections, or
Auditor Holladay made the lollowing statement, March 3:
There will mature in the next thirty days $161,000, as follows, 25,600 acres to the mile, making 2,688,000 acres, showing as a
total that the Company is entitled to patents for 9,220,000 acres
viz.:
of land, while the total number of acres of granted lands accru¬
March 24, 1875
$85,000
Missouri Pacific
April 3, 1875
76,000
Mis.-ouri Pacific ing to the 531£ miles of road was 10,684,000. To satisfy the Com¬
And as we wili only have about $G6,000 on hand, the remaining pany’s grant in Minnesota there are witbin the 20-mile limit odd
number sections not otherwise appropriated or claimed amounting
$95,000 must be speedily provided for, either by funding or to 869,000 acres. Within the indemnity limits of 20 iriles further
renewal bonds, as the wisdom of the Legislature may dictate.
there are 875,000 acres available.
The total area in Minnesota
The $161,000, maturing in the next thirty days, issued to the
available now for the grant are 1,744,700 acres, being an excess
Missouri Pacific, seem to be made payable at the pleasure of * the
of
public interest.
Moorhead to Bismarck, in
25,600
Legislature.
The following is a recapitulation
Amount matin ing up to April 3, 1S75
Amount realized from the tale of bonds,
Balance
280,700 acres over the Company’s present requirements in
that, State.
The award of the St. Vincent contested lands
to the Company would add about 799,000 acres to the available
area in Minnesota, still lacking some 384,000 acreB of satisfying
the Company’s total grant in Minnesota.
In Dakjta, there will
:
less
$666 000
571,075
expressage.
$91,925
required
BONDS MATURING.
April 27, Missouri Pacific
June 20, Missouri Pacific
June 23, St. Louis & I. M
Ju y 26, North Missouri
July 26, Missouri Pacific
December 19, North M ssonri
...
.....
$37 000
|
111,000
211.GOO
229,060
...
„
61,000
107,OOfi
762,000
Leaving to be provided for in 1875
$856,925
Of the remaining bonds of the Mif-souri Pacific, redeem ible at the
pie sure of the Legislature ; fter twenty years, including the $94,925
maturing in 1875
309,925
St. Louis & Ir>n Mountain, redeemable at the pli astir*-, of the Legisla¬
acres
be, he said,,no deficiency. The Government has patented to the
Company 685,960,73 acres, wholly in Minnesota. Patents forthe
remainder of the earned lands are delayed by two causes : first,
the Government surveys are not completed ; second, an act of
Congress requires the Company to pay the cast of sur¬
veys before the patents are issued.
The Company denies
the legality of this requirement, and has no funds with
which to meet it, if valid.
About one-third of the company’s
land in Dakota is now surveyed. The cost of procuring the cer¬
tified lists of lands fiom the local United States land offices,
] preparatory
to "applying for patents, is 1£ cents per acre. An
approximate
estimate of the cost of Government surveys is: 10
ture after twenty year211,000 j cents
per acre for timber lands, aud 8 cents per acre for nrairie
Of the North Missonii, payable unconditionally
'
336,000 j
land. The total cost of surveying the company’s earned grant
Total
;
$-56,925 will be probably about $700,000.
The total sales of land to March
When the term “redeemable at the pleasure of the Legislature; 1, 1875, are as follows:
la Minnesota and Dakota. 310,389*79
after twenty years,” occurs in the above, it is to be understood acres at $5 37 per acre, making $1,669,815 47; in Washington
as indicated on the bond register, and as expressed in the face of
Territory, 35,148 09 acres at $8 56 per acre, making $800,837 56,
the aggregated total being 345,537*88 acres, at the average price
the bonds on file.
of $5 70 per acre, realizing $1,970,703 03.
The total receipts
Montclair.—An advertisement is published by the trustees, • from land sales to the
present date have been $1,858,638, consist¬
stating that over $1,000,000 bonds have already been deposited, ■ ing mainly of the following items: In first mortgage bonds,
and requesting outstanding bondholders to deposit their bonds at j
which have been received and cancelled, $1,261,570; in landonce with the New York State Loan and Trust Company, No. 50 j
warrant interest bondsj since cancelled, $116,194 11 ; in accrued
Wall street, New York, in order to take part in a meeting soon to
interest on bonds, $51,803 61 ; in premiums allowed on bonds,
be called to past upon a plan of re-organization.
$134,708 ; in bills receivable, settler’s contracts on credid sales,
Nebraska State Bonds.—The proposals received for the $50,- part of which will be forfeited to the company, and most of the
000 Nebraska State (Seed) bonds amounted to $412,000, and the remainder settled with the bonds, $112,065 03.
Of the sales in
whole $50,000 was awarded to H. H. Cook at 104.20.
Minnesota and Dakota, 41,673 acres were of timber land, and the
New Jersey Midland.—C. A. Wortendike, the President, has remainder, or 268,716 acres, of agricultural land. Of the farm
j ust made a statement respecting the troubles of this company, lands sold, one-lialf have been purchased by actual settlers and
others especially for cultivation.
from which we condense the following:
As to the financial condition he said : There have been issued
The company having exhausted its capital and credit in con¬
struction, leased to the New York Midland for 7 per cect on its of first mortgage 7 3-10 gold bonds, $31,696,270, of wJiich h
r
cost; it had at the time a floating debt of about $400,000,
After been surrendered by the Land Department lot lands si
1675]
March 20,
THE
254.970, leaving the balance outstanding of $30,441,300. Of the
7 310 bonds issued as collateral for floating debt, mostly in 1875,
there have been pledged $1,780,300, at the rate of 25 to 40 cents
The in+erest of land warrants, bonds, and scrip
on the dollar.
given in funding of coupons amounts to $848,185.55, less $115,552.78, the amount surrendered in payment for land sales, leaving
a balance outstanding of *732,632.77.
The floating debt is $634,758.38, but of this amount $150,000 is arranged lor settlement in
a few days, and of the remainder $250,000 is due to the directors
for money advanced to finish the Pacific section after the failure
of Jay Cooke & Co. in 1873. This leaves only $284,758.38 due out¬
side of the company as a floating debt, which he, the President,
thought
was a
better showing than
any
other railroad
291
CHRONICLE.
company
could make. The earnings of the road have been as follows : On
the Minnesota and Dakota division, $544,426.78, less expenses,
$460,006.23, leaving the net earnings $84,420.55 ; on the Pacific
division the earnings have been $102,394.79, less expenses, $62,759.19, leaving the net earnings, $39,635.60, making the total net
earnings for the two divisions $124,056.15. The capital stock
issued to the date of March 10, 1875, in shares of 100 each, have
been 254,976 shares, making the gross amount of $25,497,600.
Having made these statements, he was ready to answer any ques¬
tions which the bondholders desired to put.
South Carolina Finances.—Gov. Chamberlain vetoed the bill
to
liquidate tbe floating debt of the State on the 17th inst. He
tbe response given by the Legislat ure to his efforts to enforce
a policy of
rigid economy has not met his expectations, and a vast
majority of this claims embraced in the bill are unpaid legislative
says
certificates which have been made to
some
cover vast
frauds.
prospect of passing the till over the veto.
There is
The lower house
of the South Carolina
Legislature indefinitely postponed the bill
provide for the redemption of the bills of the bank of tho
State, of which there are $600,000 or $700,000 outstanding.
to
Southern Minnesota.—Notice is given that tho coupons due
October
1, 1874, and April 1, 1875, on the bonds of the issue of
August 8,1864, will be paid by the Clerk of the
Circuit Court at St.
United States
Paul, Minn.
Toledo Peoria & Warsaw.—The receiver is making arrange¬
which he hop«s to consummate by the 1st of April, to open
the branch road to Burlington, which has not been in operation
for some time, and to which the decrease in earnings is
partly
ments,
attributed.
West Wisconsin.—The bondholders of the West Wisconsin
Railway met this week in the office of the company at No. 74
Broadway, and appointed the following committee to devise a.
Ohio & Mississippi.—The Directors of the Ohio & Mississippi
plan to protect their interests: David Dows, L. De Cornau, and
Railway Company on Saturday, March 13, approved the recent A. Crane. The committee will
report at a future meeting.
purchase by the company of the Springfield & Illinois SouthThe West Wisconsin Railway defaulted ou their first mortgage
Eastern Railway, of which an authoritative account was given
interest due in January, 1875, being compelled thereto, it i»
in The Chronicle last week.
The transaction appears to be
alleged, by the operation of the Potter law, which decreased their
very favorable to O. & M., as they get a railroad 228 miles long
receipts.
At the meeting a circular was given out advising
for $1,750,000, or less than $8,000 per mile, which actually cost
that the coupons be funded, and containing the following statis¬
$7,224,097 ; and for two years no payment is required, as the cou¬ tics, said to be from the company’s books:
pons of the bonds issued on the acquired road are allowed to be
Since its organization the company has issued $4,000,000
gold
funded.
first mortgage land grant bouds, of which $3,815,500 are out¬
; 640,000 Southern extension bonds, of which $370,000
Pittsburgh Ciun. & St. Louis.—A dispatch from Pittsburgh standing
are
held as collateral security by floating debt creditors, and
March 16, 1874, stated that the annual report of this company
showed the net earnings of the main line, from Pittsburgh to $2,500,000 seven per cent gold consolidated bonds, of which
Columbus, to be $891,297. A preamble and resolutions were un¬ $1,471,000 are held as collateral to the floating debt. The other
debts of the company on Jan. 1, 1875, were :
animously adopted declaring the income of the road insufficient
to pay the interest on second
mortgage bonds, and the principal, Bills payable
$1,080,921 23
$5,000,000, duo April 1, 1875, and that income, bonds, to the
There are collaterals belonging to the company held for these,
amount of $10,000,000, secured by mortgage, and running fifty
as follows:
years from April 1, be issued for the purpose of retiring the sec¬ Southern extension bonds...
$370,0 0 00
ond mortgage bonds and accrued interest; and also to increase Consolidated bonds
1,471,000 00
And 200 cars.
the fac;lities of the company for transacting business.
Custom-house bond (with costs of suit), estimated at
76,000 00
Tbe board organized by electing Thomas’ A. Scott President,
Amount received fro o lan l co itracts.
133.000 00’
and W. H. Barnes Secretary.
Coupons due previous to June, 1874.
4,746 94
Resolutions were adopted approving the action of the directors Taxes on carni gs in Wiscons n
29,337 73
Taxes on earnings in Minnesota
462 41
in commencing proceedings to compel the Columbus, Chicago
Jacob Humbird and others, secured by a conditional sale of 100
and Indiana Central Railroad to a specific performance of contract
cars, b locomotives, and other property
271,627 35with the Pittsburgh, Cincinnati and St. Louis Railroad, lessees of Book accounts, operating balances, and balan e due emplo ees
and ior supplies
231,045 84
the road, and directing the latter company to retain all the net
earnings of the road in their hands subject to the order of the
Total
..
.
$1,826,141 50
courts.
Pittsburgh Washington & Baltimore.—An ordinance has
been introduced in the City Council of Baltimore which provides
for the sale of the interest of the city in the second mortgage
bonds of this road, now about $2,500,000, to the Baltimore &
Ohio Railroad Company for the sum of $1,000,000, to be paid in
yearly instalments of $40,000 each—the first payment to be made
July 1, 1876, with interest payable semi-annually until the whole
is
liquidated.
Portland & Ogdensburgh.—The consolidation of the Portland
and Vermont divisions of this railroad was authorized by the
stockholders on March 16.
This consolidation places the entire
line under the cjntrol of one company and contemplates the ne¬
gotiation of
a
mortgage loan of $3,000,000, of which $5,000,000
will be received in trustees’ hands to take
debtedness, the balance to be used in
care
of the other in¬
constructing the road
through to Montreal and equipping it. The lease of the Canada
line (the Montreal Chambiy & Sorel) has been made for 909
years, and will take effect on the completion of the joint mortgage.
Port Royal.—The bondholders of this railroad met at the
office of the Union Trust Company, to devise measures for the
protection of tlieir interests, and after a long discussion a com¬
mittee was appointed to consider the best measures to be taken
and report at a future meeting.
Richmond & Danville.—The gaug9 of the North Carolina
division of this route, ninety-three miles in length,
extending
from Charlotte to Greenboro’, was changed on Sunday,March 14,
from four feet eight and a half inches to five feet.
This will aid
the Piedmont Air-Line to
run
their passengers and freight
through from Virginia
continuous gauge
to the Gulf of Mexico. There is now a
of five feet. Some years ago the Richmond &
Danville Railrotd leased the North Carolina division. One of the
p?ov sions of the lease allowed the lessee to change the gauge
vhe lever it was desired.
The change was prevented by injunc¬
tion, but on the 11th iust. this was dissolved by the Supreme
Court of North Carolina, and the terms of the lease sustained.
Rockford Rock Island & St. Louis.—W. H. Ferry, receiver,
filed his
monthly report for February, showing
Cash received
Balance
on
hand Jan. 3t
Total
Disbursements for February
Balance
on
hand
Less amount due company from North Wisconsin Railway
pany, secured by No th Wisconsin Railway bones
Com¬
158,615 09
Leaving
$1,667,526 41
To the above must be added the last
Jsix months’ interest due
bonded debt, estimated iu currency to be
Balance
on
175,000 00
$1,842,526 41
-
The gross earnings, operating expenses, and net earnings each
year since the road has been in operation, are as follows :
1871.
1872.
1873.
1874.
Total.
Earnings
$159,664 64 $403,202 10 $869,189 97 $884,920 10 $2,316,975 83
Operating expen’s
74,699 11 259.059 86 591,974 90 697,107 50 1,622,841 41
Eari.iags applica¬
to interest
and debt
ble
81,965 53
144,142 24
277 214 09
The
187,812 50
694,134 42
earnings for the months of January and February of
84 less than for the same months in 1874,
largely attributable to the weather and
price of cereals raised in sections tributary to this road.
At the time the company entered upon the construction of
year were $51,220
the diminution is
this
but
low
the
Southern extension, the directors changed the line so as to run
direct from. Warren’s (or Snow’s) Mills to an intersection with the
Milwaukee & St. Paul Railway, at Camp Douglas, abandoned the
portion of the road from Warren’s Mills to Tomah (a distance of
miles), removed the track therefrom, and laid the same
upon the changed line.
Pursuant to an act passed at the next
session of the Legislature the Attorney-General brought an action
against the company, in which the Supreme Court has recently
decided that the change in the line and the removal of the track
were without warrant of law, a
violation of the charter, and a
ground for total forfeiture of the franchise. The judgment of
about ten
forfeiture has not been
entered, but
must be
whenever the Attor¬
ney-General shall so demand. From such judgment there is no
appeal, but tbe managers of the road believe that the judgment
will not be insisted upon by the State, at least for a considerable
period, and it is hoped that within a year the company will be
able to secure legislation legalizing the change in its line and
directing the dismissal of the action.
The report deprecates a foreclosure for several reasons therein
stated, and urges the necessity of funding nine coupons on all
the bonds.
:
$63,534 78
25,431 29
$88,971 07
67,953 88
$21,01 X 19
Wisconsin Central.—The Wisconsin Legislature has passed
the act authorizing this company to
build its road between Port¬
and Stevens Point on the most direct feasible line, instead of
on the line prescribed by the original charier.
For the section
so built it shall be entitled to receive the full grant voted for tho
road frpm Portage to Stevens Point,
age
<£l)c
returns,shov b
of New York since
all the principal foreign countries,and also the
(Eommerctal (ftimeg.
Friday Night,
The weather this
week lias been more
January 1,1875, to
totalsfor the last week,and since January 1. The last two line,
show total values,including the value of all other articles besides
March 19, 1875.
those mentioned in the table.
favorable to trade,
though still cold and wintry, while a general reduction in rates
of transportation Westward has proved a stimulus to business.
Exporters have, however, been checked in their movements
an
advance in ocean freights and an unsettled market for exchangeThe higher premium on gold has had a disturbing influence
upon values.
Holders have for this reason been inclined to
more money for leading staples, but have found that adverse in¬
a
*5
potent, and that to
effect sales lower
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If or is.
Exports of* Leadlug Article** trom New
The foilowingtable,compiledfromCu8tom House
the exports of leading articles from the port
(COMMERCIAL EPITOME.
fluences
[March 20, 1875.
THE CHRONICLE.
292
early
port.
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glut of steam room seeking immediate employment no longer
prevails. Sail rates are still low. The engagements yesterday
embraced, grain to Liverpool by steam at 7£d.@8d.,and to Water,
ford by charter 5s.; cheese to Liverpool by steam, 35s.; oil cake to
London by sail, 2s. 3d. per bbl.; rosin to Trieste, 90c., gold;
and refined petroleum to Antwerp, 4s. To-day, there were ship¬
ments of wheat to Liverpool by sail at 7d.; and naval stores from
Wilmington to Cork for orders at 5s. for rosin and 7s. for spirits
turpentine.
Groceries have become dull, and coffees and sugars, under in¬
creasing stocks, have exhibited latterly some weakness in prices'.
The stocks of coffee yesterday morning were 95,512 bag3 Rio, 909
mats and 1,100 bags Java, and 18,702 bags of other growths, and
the movement in sugars has been :
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The
nhds.
21,930
Receipts
Boxes.
Bags.
9,193
40,227
3,404
145,186
167,166
7,402
Sales
Stocks March 18
46.749
36,159
Stock, last j*ear
17,169
34,545
a
a
Other
ports
Total
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steady at $2 10@$2 15 for strained. Spirits
turpentine,though quiet, was firm at 3Gc. Layer raisins, under
a dull market, have declined to $3
75 per box ; Valencia, 11c. per
lb ; French prunes more active; sales of 2,200 boxes at ll@13c.,
and Turkish quoted at 7$@9c.; currants, G£c.
Ingot copper
remains steady, with late sales of 300,000 lbs. Lake at 214@21!c.>
cash; other metals quiet and nominally as before. Hops un
changed. Dry hides have been rather easier; dry Montevideo
sold at 21c., gold, cash, less 5 per cent.
Linseed oil unchanged at
74@75c. Crude sperm firmer at $2 ; other oils quiet, and un
changed. Fish in moderate demand and firm. Whiskey has
advanced to $1 15. Clover seed is lower at lOfSlllic.
Kentucky tobacco has ruled lower and quiet at 10@12£c;
for lugs and 14@22c. for leaf; the sales for the week em
braced 400 hhds., of which 250 were for export and 150 for
consumption. Seed leaf has been less active, but about steady ;
the sales embrace: Crop of 1872, 205 cases Connecticut at 21c.,
and 44 cases New York, on private terms; crop of 1873, 300 cases
Connecticut at 84@50c.; 112 cases Ohio, part at 11c., and 30 cases
Pennsylvania on private terms ; also, 200 cases sundry kinds at
7£@55c. Spanish tobacco has been in moderate demand and
steady; the sales were 400 hales Havana at 87^c,@$1.25.
Rosin closes very
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Same time 1873
Same time 1872
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firmly, and prime quoted at 84@8|c.
Stearine has sold at life, for prime Western, to arrive.
Butter
has greatly declined, and prime State dairies have been closed
out at 25c.
GMieese has been about steady at 12@17c. To-day,
there was much speculative excitement in beef, with sales at
$20 50 for April, and $20 G0@20 70 for May, with lard and bacon
more firmly held, but quiet.
Refined petroleum has continued quiet, and closes weak at
14fc.: crude, in bulk, sold to a small extent at 7±c. for prompt
but
•
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and
all descriptions. Yes¬
terday, however, there was a slight reaction, with mess pork sell¬
ing at $20 40@20 50 for May. Lard at 141c. for May, 14£c. for
April, and 14@14 1-lGc., spot and March. Bacon at 111c. for long
clear Western, with short clear generally held at 12c ; dry salted
shoulders at 81@8lc.; pickled bellies in bulk at 10jc., and pickled
hams in tcs. at lORcdllc.
Beef and beef hams have ruled quiet,
renewal of speculation
considerable advance in prices for nearly
There has been
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20, 1575.1
March
THE CHRONICLE
COTTON.
293
gave way from day to day, but so slight was the reduction that
the close on Wednesday was scarcely more than l-16@£c. below
Friday, P. M„-March 19, 1875.
tlie
opening prices on Monday. The dull accounts from Europe,
large figures at which stocks were maintained, and tlie
improved prospects for planting were circumstances which
seemed to favor a decline.
Receipts at the ports proved to be
about equal to the current estimates, and
appears that the total receipts for the seven days have reached
although much smaller
51,303 bales, against *33,211 bales last week, 77,203 bales the than Iasi week had consequently little influence. But on Thurs¬
day some re action was caused by steadier accounts from Liver¬
previous week, and 78,075 bales three weeks since, making the pool, and a revival in
speculative confidence, based to a large ex¬
total receipts since the first of September, 1874, *3,107,014 bales, tent on advanced
gold premium. To-day, there was some further
against 3,205,480 bales for the same period of 1873-74, showing a improvement in futures, but with a reaction in gold the close
decrease since September 1, 1874, of 133.4GG bales.
The details of was very dull. After ’Change there were sales at lG|c. for April.
the receipts for this week (as per telegraph) and for corresponding 1615-1G@16 31-32c. for May, 17 5-lG@17 ll-32c. for June, 1719-32 for
July, and 17f §17 13-16 for August. The next crop was neglected.
weeks of five previous years are as follows:
Tlie total sales for forw. rd delivery for the week are 110,000
bales, .including
free on board. For immediate delivery the
Received this week at— i
total sales foot up this week G,950 bales,
1875
1371.
1873.
1872.
1871.
1870.
including 451 for ex¬
port, 4,232 for consumption, 2,267 for speculation and
in
By special telegrams received to-night from the Southern Ports
weare in possession of the returns showing the receipts,
exports,
&c., of cotton for the week ending this evening, March 19.
It
the
00019..321
New Orleans
bales.
Mobile
Charleston
Port Royal,
Savannah
15,769
3,089
4,930
22,537
4,358
5,368
9,521
5,5 53
237
42289
5*196
Florida
North Carolina
46,609
6,915
19,239
3,660
2,610
5,251
3,097
6,070
6,346
10,173
6,478
387
6,337
4.1S9
3.S37
9,918
8,721
47
4,593
6,454
10,138
12,288
211
428
707
327
898
9i
797
297
893
9.575
8,143
4,453
321
208
22 L
City Point, &c
Total this week.
3,367
7,917
2.092
5,114
Norfolk
20.723
s
&c
Galveston.
indlanola, &e
Tennessee, &c
35,219
5,169
)
308
51,303
67,905
74,195
Total since Sept. 1... *3,107,014
3,295,439
2, 951,873
1,007
J
49,972
2,312,613
There was an error in our total receipts last week of 2,929
the item “ Tennessee.” These are the corrected totals.
*
5,362
8,936
2,410
102,484
44,866
3,453,517
2,303,872
bales, omitted from
for the week ending this evening reach a tota^
of 78,412 bales, of which 52,879 were to Great Britain, 4,774 to
France, and 20,759 to the rest of the Continent, while the stocks
as made up this evening, are now 639,002 bales.
Below are the
exports and stocks for the week and also for the corresponding
season.
Exported to—
W>ek ending
G. Brit.
March 19.
21,835
3,8 0
1,713
5,4?9
NewOrleans.
Mobile
Charleston...
Savannah
Galveston
New York...
Other ports*
France
3,489
5,892
1,210
1,233
1,420
11,377
6,165
....
8,421
5,123
Total
52.879
Since Sept. 1 1.3S3.116
....
Stock.
Contln’t
Totalthis Same w’k
week.
1874.
....
...
20,759
367,691
25,064
4.121
8,911
24,589
10,70)
10,5:13
5,818
16,866
6,163
9,284
5,424
860
4,774
212,262
31,236
5,010
73,412
1,983,099
81,618
2.030,042
1875.
232,236
45,340
29,864
59,713
61,978
191.871
b8,U00
689,002
ing
are
Of the above, !,6C0 bales
the closing quotations : »
New Classification.
Ordinary
Stood. Ordinary
Uplands.
io
1874.
272,212
58,793
42,162
70,528
82,801
129,740
45,000
701,219
....
....
Fair
Below
18
The exports this week under
timore 945 bales to Liverpool;
the head of “other ports” include from Ilaltffrom Boston 3,210 bales to Liverpool; from
Philadelphia 51U bales to Liverpool; from Norfolk 7:30 bales to Liverpool.
18*®.
13*®.
15*®.
15 *®.
18*®.
16*®.
17*,®.
@....
17*®,...
13*®....
@....
Texas.
16*®.
n*@.
16*@.
17*®.
17*®.
18*@.
18*®.
give the sales ot spot and transit cotton and price of
Uplands at this market each day of the past week :
we
New
Classification.
Exp’t.
SALKS.
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
'451
Total
151
PRICKS.
Con- SpeC- Trausit.
Bump. ula’n
Good
Total.
8
19
499
399
307
740
11
911
290
4,232
2,267
1,340
513
1,162
•
•
•
•
...
Low
27
805
2.080
824
2.073
13*
13*
13*
13*
13*
13*
15*
15*
15*
16
1,140
....
....
....
6,950
Mid
Ord’ry Ord’ry. Mldl’g. dllng
15*
is*
15*
15*
15*
15*
15*
16*
16*
16*
16*
16*
16*
16
«...
For forward delivery the sales (including
free on board)
have reached during the week 110,000 bales (all low
middling or
on the basis of low
middling), and the following is a statement of
the sales and prices :
For March,
bales.
cts.
290 8.11
16 3-16
500
16 3-16
300 s. n
16*
500
16 ^
400 a.li
16 9-32
100 8.n
16 5-16
340
16 5-16
500s. n...!6 11-32
bales.
cti.
16 11-16
700
34,700 total April.
1,100
16 11-32
600
400
100
For
May.
3,200
16 27-32
4,300
16*
10,600
6,800
16 29-32
16 15-16
16 31-32
17
13*
16 13-32
16 7-16
For
bales.
300
400
July,
900
..
*
17
The follow¬
New
Orleans.
13*®....
15*®....
16*®....
16*®....
a....
16*®...
16*®....
17*®...
Middling
arrive.
Alabama.
15?*®....
Middling
Middling
Good
were to
per ft.
Low
Middling Fair
The exports
week of last
transit.
7,303
17 1-32
17 1-16
30b
700
100
800
100
bales.
cts.
cts.
200
17 7-32
17*
800
17*
17 17-32
17 ‘9-16
17 19-32
17*
17 21-32
17 11-16
2,800 total July.
For August.
1,000 total Sept.
For October.
100
16 9-lfi
100
16*
16*
100
300 total Oct.
200 no not.
LEST Our telegram from New Orleans to-night shows that
For November.
700
17 21-32
till 22d.. 16 17-3'2
3o,30J total May.
100
16 7-16
2(X)
.17 n-16
the amount of cotton on shipboard, and
1,500.
16*
1,200... ...17 23-32
For June.
5,200 total March.
engaged for shipment at that port, is as follows : For Liverpool,
3,800...
IT*
700
17 5 32
2,000
total
Nov.
....17 25-32
2,1 DO
1 600
For April.
17 3-16
38,000 bales; for Havre, 35,000 bales ; for Continent, 7,500 bales ;
300... ....17 13-16
500
16 7-16
17 7-32
For December.
..16 15-32
2,209
2,600...
17*
for coastwise ports, 4,000 bales ; total, 84,500 bales ; which, if de¬
100
16 7-16
8,400 total Aug.
8,600
i: 9-32
5,8 b
16*
100
16 15-32
17 5-16
from
the stock, 0
3.900
.
ducted
.
0
5
.3
bales representing
would leave 147,500
the 11,403... ...1616 17-32
1,5200
SUO
9-16
16*
17 11-32
For September.
100
16 9-16
.
.
7
.5
....11*
and in presses
quantity
at0
the lauding0
unsold or awaiting
orders.] 1,2 'K) ....16 19-32
100
36*
17 5-32
From
the
17.300 total June.
....16 21-32
..
.
9
400
foregoing 0
statement, it3
17 3-16
will be seen.
that, 3
compared
1,500 total Dec.
with the corresponding week of last season, there is a decrease
The following exchanges have been made during the week :
600
17*
besides the above exports
..
..
..
io the
exports this week of 3,206 bales, while the stocks to¬
12,237 jbales less than they were at this time a year
ago. The following is our usual table showing the movement
of cotton at all the ports from Sept. 1 to March 12, the latest mail
night
are
*c. pd. toexch. 300 April, for May.
The following
basis of low
Fri.
On spot
March
dates:
.
.
April
BKOKIPT8
HTKflK RUPT.
PORTS.
KXPORTKD SINCK BRPT.l TO —
1
.
Great
1874.
1873.
Other
Britain. France.
For’gn
Total.
.
May
Coast¬
wise
Ports.
.
June
Stock.
will ■ show the closing prices each day on the
middling uplauds for the several deliveries named :
.
July
August
.
16*
16
16
17
17
17
17
11-32
21-32
1-32
11-31
11-16
15-16
OLD CLASSIFICATION.
Sat.
16*
16*
16 21-32
17 1-33
17*
17 11-16
17 13-16
886,584
300.474
26.5.038
Charleston*
Savannah
Galveston*
New York
Florida
No. Carolina,..
Norfolk*
Other porta....
400,519
374,269
533,275
337,645
126,085
...
....
551.161
849,556
100,972
1044,367
11.903
11.955
86,6*1
41,673
405,845
37,368
313.399
54,455
339,235
62,461
146,295
163,236
31,386
29,654
215,929
156,373
229,905
14,2! 6
53,146
54,772
8,150
2.496
4,507
^
t
.
.
.
t
.
....
124,308
33,816
28,859
91,965
10,967
31,911)
661,S38
124,483
104,427
226,511
340,543
169,836
257,322
149,692
111,401
157,411
1,050
3,583
17,441
15,260
56,729
72,216
93,708
11,908
68,787
275,275
251,447
5i
>,140
34,192
75,281
65,314
191,403
2,768
13,683
52,000
On
spot
September...
..
..
October
November
.....
.
Exchange....
,
.
.
«...
115*
4.79
Wod.
16*
16*
16*
16 3-16
16*
16 5-16
16 17-32
16 15-16
16 13-32
16 9-16
16 31-32
17 5-16
16
16
16
17
il-32
-19-32
15 16
9-32
17 9-16
17 23-32
15*
17*
16 11-32
16 17 32
16 15-16
16*
16*
Thura.
Fri.
17*
17 7-32
17 9-16
17*
17*
17 4:1-32
17 77-32
17 21-32
17 19-32
17,\
15*
17 3-16
16
17 7-32
16
15*
17*
....
«...
....
December....
Gold
15*
17*
16*
Tues.
16*
17.\
NttW CLASSIFICATION".
’
New Orleans...
Mobile
Mon.
16*
•
115*
•
©
115*
4 71*
4.79
Weather Reports
•
by
16*
16 s
115*
4.73*
15*
17
16
16
16
5-32
9-16
7-16
15-32
116*
4-75*
Telegraph—Severe
16*"
15 9-16
116*
4.75*
rains
1:6
4.77
are
re¬
ported in many portions of the South during the past week,
Total this year. 8055,711
1330,267
227,488 3-46,93 2 1901,687 1022,693 736,553 though this is not universal, as over a considerable section the
j
weather appears to have been more settled.
Total last year.
Farm work, how¬
'3227,575 1230,622 266,214 401,558 1948,424 1131,061 717,773
ever, is everywhere backward, but being pushed forward
rapidly
Under the bead of Ch.nrlest.nn is Included Port Royal, &c .; under the head of
’
Galveston is included Indiauola, &c.; under the head of Norfolk is included City now as opportunity offers.
Point, &c.
Galveston.—It has been showery here three days, with a rainfall
of
seventy hundredths of an inch. The rains have, however,
There has been rather more doing in cotton on the spot the past
9een confined to the
coast; not much up the country where it is
week for consumption, but with no business for export, stocks
somewhat needed. Corn has generally been
planted, but very
accumulating at this point, and futures showing weakness from little cotton as yet, though ample preparations are being made.
day to day, it was not until yesterday, when speculative influ¬ It is generally estimated here that the further receipts this crop
ences, growing out of tlie advance in gold began to be felt, that year at Galveston will be from 40,000 to 45,000 bales. The ther¬
mometer this week has averaged G3, the highest
being 75, and the
prices were advanced £c., to IGc. for low middling uplands, new lowest 48.
classification. Quotations remained, however, entirely nominal,
Indianola.—We have had one day showery this week, the rain¬
fall being twenty-nine hundredths of an inch.
and much above tlie limits of export orders.
To-day, there was
Planting is
good progress, though the weather is rather too dry. The
some business, and
yesterday’s advance was supported, although making
thermometer has averaged Go, the highest being 79, and the
there was less doing for consumption and speculation. For future
lowest 48.
delivery, the market developed weakness on Monday, and prices
Corsicana, Texas.—There have been two days drizzling rain
....
....
*
^
and
we
[March 20, 1875,
THE CHRONICLE
294
need
The weather is too
more.
cold, but good progress is
and
There has been more doing in foreign clpth,
we
of 500 bales native at 9c., currency, cash.
Borneo
hear of sales
is quoted at
There has been more doing in bags of late, and
sales were made on spot of 100 bales at life., and 200 bales near
arrival at llf^ll^c.
Jute butto have been in good demand, and
were firm, and at the close holders have advanced their
prices
thermometer, 63.
views to 2fc., cash, at which the market closes.
Sales during the
Vicksburg.—Rain fell the past week on one day to the extent of week of 3,500 bales at 2 9 16c., cash, and 2£c., time.
five hundredths of an inch, the rest of the week being pleasant.
Visible Supply of Cotton as Made up by Cable and Tele,
Average thermometer. 61.
Nashville—Rain fell on two days of the past week, the rainfall graph.—Below we give our table of visible supply, as made up
reaching three inches and thirteen hundredths. The thermome¬ by cable and telegraph to night. The continental stocks are the
ter has averaged 53, the highest being 63 and the lowest 43.
Our figures of last Saturday, but the totals for Great Britain and the
correspondent adds : An investigation thoroughly reliable shows afloat for the Continent are this week’s returns, and consequently
that the overland movement to the mills via Louisville is sixty brought down to Thursday evening ; hence to make the totals the
thousand bales less than last year to date.
complete figures for tonight (March 19), we add the item of
Memphis.—Two rainy days the past week, the rainfall reaching exports from the United States, including in it the exports of
one and forty-three hundredths inches.
There is a heavy rain Friday only.
1873.
1874.
'
1875.
falling to day. The thermometer has ranged from 45 to 64, the
713.000
607,000
768,000
average being 54.
Stock at Liverpool
178.000
Mobile.—We had a severe rain on one day and one showery day Stock at London
182,250
102,500
the past week, the rest being pleasant, though partly, cloudy.
895,250
765,000
876,500
Total Great Britain stock
The rainfall has reached one and eighty-five hundredths inches,
190,000
149,750
120,000
and the thermometer has averaged 60, the highest being 74 and Stock at Havre
15,000
11,750
8,500
Stock
at
Marseilles
the lowest 44. The cause of the small receipts is reported to be
50,250
68,000
72,000
Barcelona
8tock
at
the exhaustion of the crop. Planting is making slow progress.
28,000
11.500
23,000
Montgomery.—Rain fell on three days of the past week, the Stock at Hamburg
51,000
33,750
31,750
rainfall aggregating ninety-seven hundredths of an inch. The Stock at Bremen
82,000
85,250
41,000
"Stock
at
Amsterdam
thermometer has ranged from 34 to 78, the average being 60.
21,000
25,000
11,000
Selma.—We have had three rainy days the past week, and it is Stock at Rotterdam
30,000
19,500
6,000
now raining.
The total rainfall foots up three and eighty hun¬ Stock at Antwerp
being made in planting. The thermometer has averaged 59, the
lowest being 35, and the highest 80.
New Orleans.—We had three rainy days the past week, the
rainfall reaching two inches and fifty-live hundredths.
Average
13£@12£c., cash.
..
dredths inches.
The thermometer has
averaged 60, the highest
being 79, and the lowest 33.
Macon.—We have had th^ee rainy days the past
thermometer has
averaged 52, the highest being
13.000
32,000
38,000
Total continental stocks
314,750
410,250
523,000
1,191,250
297,000
1,305,500
1.308,000
329.000
581.000
620.000
82,000
77,000
72,000
689,002
97,457
701.239
531,511
102,810
10,000
108,211
10,000
week. The
66 and the low¬
43.
Atlanta.—One day
est
of the week was showery, but all the rest
The rainfall for the week is fifty-five hundredths
of an inch. Average thermometer, 61.
Columbus.—We had rain on three days the past week, the rain¬
fall reaching two inches and sixteen hundredths. The thermom¬
eter has averaged 54, the highest being 68 and the lowest 38.
Savannah.—It rained on five days of the week jnst closed, the
remaining two days being cloudy. Total rainfall, one inch and
seventy hundredths. Average thermometer, 59 ; highest 76, and
were
Stock at other continental ports
pleasant.
Total European stocks
India cotton ailoat for Europe
American cotton afloat for Europe
Egypt, Brazils, &c., afloat for Europe.
Stock in United States
Stock
Total visible
Of the abovo,
lows
it was showery, the
reached
is 57.
Charleston.—The weather the past week has been warm and
cloudy, rain falling on five days, the rainfall reaching one inch
and eighty hundredths.
The thermometer has averaged 56,
remainder of the week being pleasant. The rainfall has
The average thermometer
two inches and five hundredths.
.
New Orleans. .Below
Memphis
Nashville
Shreveport
Vicksburg
high-water mark
Missing.
39
6
Inch.
Feet.
9
1
.
0
10
S3
26
26
42
6
10
4
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ilis of a foot above
1871, or 16 feet above low-water mark at that point.
Our Crop Estimate —We are constantly written to with
regard to our crop estimate, and with a request for our present
views ot the out turn.
We have omitted to give any answer to
these inquiries for the reason that the fact of there being an error
in our figures of December is too evideut to need any particular
emphasis ; while a second effort, at this late day, to work out the
probable result could serve no good purpose^ A history of the
crop must be written, but not yet; and not till its total can be
fixed with some degree of certainty.
Bombay Shipments —According to our cable despatch received
to-ciay, there have been 8,000 bales shipped from Bombay to Great
Britain the past week, and 10,000 bales to the Continent, while the
receipts at Bombay, during the same time have been 59,000
bales. The movement since the first of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
brought down to Thursday, March 13 :
New Orleans
1875
1874.
187.3.
....
....
....
r-ShipmentB this week—.
Great
ConBritain. tinent. Total.
18.000
10,000
8,000
23,000
27.000
19,000
1,000
From tlie
50,0 )0
20,000
^-Shipments since Jan. 1—>
Great
Britain.
tentiuent.
21'i. 000
173000
118,000
98,000
55,000
180,000
foregoing it would appear
:
Europe
American afloat to
United States stock
United States interior stocks..:
United States exports
co-day
Brazil, <£c.—
Liverpool stock.;.
.
Total.
318,000
108,500
169,750
297,000
82,000
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
271,000
235,000
56,000
388,00J
354,000
-I* r*
_o
oo
that compared with last
1,580,730
333,000
178,000
160,000
341,000
.329,000
77,000
72,000
975,250
982,500
1,994,049
1,258,000
1,580,730
supply
bales. 2,962,709
7%A
Middling Uplands, Liverpool..;'...
2,976,549
8>£d.
2,838,730
9*d.
Total American
Total visible
Price
372,000
182,250
191,250
1,987,459
indicate a decrease in the cotton in
These figures
sight to¬
night, of 13,840 bales as compared with the same date of 1874,
and an increase of 123,979 bales as compared with the correspond¬
ing date of 1873.
Movements of Cotton at the
Interior
give the movements of cotton at the interior
shipments for the week, and stock to-night,
ponding week of 1874:
Augusta
...
Columbus
Macon
Selma
...
Memphis
...
Nashville
...
Total, old.
.
Total,
Total, all.
...
...
...
..
new
..
...
ports—receipts and
and for the corres¬
..
...
547
2,136
4,256
205
392
2.976
474
765
4,561
93
554
4,462
10,087
978
43,522
14,119
2,416
12,143
5,549
49,318
1.105
8,303
14,203
13,603
24,964
102,810
1,245
925
124
1,187
1,610
5.406
379
335
1,772
4,619
2,565
4,473
639
Atlanta
St. Louis
Ports.—Below we
Week ending Mch. 19. ’75—, ,-Week ending Mch. 20,’74-»
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
17,103
2,901
15,112
2,154
1,399
1,475
9,779
429
1,330
165
301
9,695
9,493
807
1,4(9
417
281
7,472
Montgomery.,..
Cincinnati
475,000
)
Total East India, &c
Shreveport
59,000
1,994,049
.
East Indian,
,—Receipts.—.
Since
This
week.
Jan. l*
334.000
269,000
182,000
480,000
531,519
108,219
10,000
*
bales. 1,937,459
Total American
219,000
620,000
701,239
102,810
10,000
341,000
450,000
145,000
581,000
689,002
97,457
25,000
Continental stocks
,-March 20, ’74.-
9
5
Missing.
Above low-water mark
2,838,730
2,976,549
2,962,709
supply
the totals or Americau and other descriptions are as fol-
London stock
March. 19, ’75^
Feet.
Inch.
32
Above low-water-mark
Above low-wat»*r mark
Above low-water mark
to-day
Liverpool stock
being 38 and the highest 73.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
this afternoon (Friday, March 19). We give last year’s figures
comparison:
25,000
480.000
American—
the lowest
(Friday, March 20, 1874) for
United States interior ports....
United States exports
lowest 45.
Augusta.—On three days of the past week
in
...
ports....'....
160,000
97,457 -
4,'551
2.602
24.066
3,173
3,099
4,386
6,726
8,534
46,745
15,029
22,737
144,202
1,669
15,526
7,153
1,085
10,725
1,744
13,892
16,575
7,957
8,9S3
37,617
21,563
33,947
140,427
The above totals show that the old interior stocks have decreased
there is a decrease of 32,000 bales this year in the
shipments from Bombay to Europe, and that the total movement during the week 5,900 bales, and are to-night 5,353 bales
since January 1 shows an increase in shipments of 63,000 bales
than at the same period last year. The receipts have been
compared with the corresponding period of 1874.
bales less than the same week last year.
Gunny Bags, Bagging, &c—The market the past week has
The exportB ol cotton this week from New York show an
ruled strong, with a ready sale for all cheap lots offering. The
increase, as compared with last week, the total reaching
consumptive demand is very small, but dealers and speculators bales, against 7,013 bales last week. Below wo give our
Sales table showing the exports of cotton from New York and
have take i un all lots that have pressed on the market.
here and in Boston during the week are 8,000 rolls at prices rang¬
direction for each of the last four weeks; also the total ex¬
ing from Ilf cil2c., cash, for prompt, and 12£@l2fc. and 13c. for
ports and direction since Sept. 1,1874; and in the last
May, June and July delivery. We quote the market at the close the total for the same period of the previous year.
12£c., cash, for prompt delivery, 12£@l3c. for June and July.
year
week’s
less
5,303
9,284
usual
their
column
Export* ol CottonCbale*) rrom New
York sluc« Sept. 1, 18)4
Same
week ending
Total
Mch.
10.
Mch.
17.
to
24.
Mob.
3.
period
prev’us
date.
year.
11.933
8,398
6,387
8.424
229,329
EXPORTED TO
Feb.
Liverpool
Other British
Ports
...
....
Total to Ot, Britain 11,933
Havre
Other French
ports
200
...
8pain, Oporto & Gi bral tar & c
•
•
•
....
Total Spain, Ac
....
50
-
....
313,880
6,234
1,701
4,507
7,935
14.645
15,394
3,993
2,152
616
860
32,710
20,003
10
50
2,647
l
|
60
2,647
i
226,606
344,465
'
....
|
....
....
15,913
•
All others
313,880
549
109
202
420
1.503
1,929
....
250
170
903
600
299
....
....
156
....
1,430
Total to N. Europe.
4,507
...
...
329
Hamburg
Other ports
229,329
•
156
...
Bremen and Hanover
8,424
6,387
‘
329
total French
Grand Total
The
8,398
....
....
....
50
9,901
14,191
....
9,284
7,013
Philadelphia and Baltimore for the last week. and since Sent. 1 .’74:
1
PHILADELP’IA
BOSTON.
eboe’ts from-
Sept. 1.
2,065
Savannah
Mobile
Florida
S’th Carolina
N’th Carolina.
This
week.
Since
2,336*
New Orleans.,
Texas
•
Since|
Sept.1.1
89,786
35,425
18,906
4.535;
909
93,371
353
31.791;
5,087;
1,270
5.167
#
"BALTIMORE.
163
18,372
1,839
55,126
1,625
52.699
1
6,179
11,332
107,151
9
909
Total this year
16.546
629,093
7,550 212,824;i
Total last year.
21.354
708,825
9,080 222.643
North’m Ports
Tennessee, <fcc
Foreign
-
26,171i
2,391
!
j Since
Sept.l.
This
week.
This Since
week. Sept.l
5
Sail.
Steam. Sail.
d.
c.
c.
9-32 nom.
x
Steam.
d.
Saturday
Monday
Tuesday...
Wednesday
Thursday..
Friday
..©¥
..
•©X
..© 3-16
..© 3-16
..©3- 6
.© 3-16
Market very dull.
•
9-32 nom.
X
X
X
X
X
nominal.
nominal.
nominal.
nominal.
.
Sail.
Steam.
..
..
c.
c
Xcomp. ..©X
Xcomp. ..©X
Xcomp. ..©X
Xcomp. ..©X
Xcomp. ..@X
Xcomp. ..©X
..@x
..©x
..©x
..©x
..©x
-.©X
..
3,017
622; 12 603>
1
...
.
.
‘
.
Liverpool, March 19.—3.30 P. M.--By Cable from LiverThe market has ruled steady to-day.
Sales of the day
were 10.000 bales, of which 2,0G0 bales were
for export and
pool.—
The
speculation. Of to-day’s sales 6,000 bales were American.
weekly movement is given as follows :
Mch. r*.
Mch. 12.
Feb. 26.
Sales of the week
bales, 112,000
68,000
86,000
Forwarded
of which exDorters took
11,000
9,000
11,000
of which speculators took
14,000
5,000
19,000
Total stock
712.000
682,000
734,000
of which American
424,000
375,000
Total import of the week
27,000
112,000
43,000
of which American
79,000
17.000
20,000
Actual export
9,000
8,000
7,000
Amount afloat
553,000
589,000
518,OIK)
*
323
non
of which American
364,000
336, non
The following table will show the daily closing prices of cotton for
Mon.
Thurs.
Satur.
Tues.
Wednes.
Mch. 19.
57,000
15,000
.
6.000
7,000
768,000
450,000
102,000
63.000
i
1
1,062 25,019:
68
504
947
do
Orleans;
...©7%
8©8X
8©8X
.
.fflX
8©8X
...©7X
8©8X
8©8X
309,000
the week:
Fri.
...@7;X
8©8X
7,536
Friday, P. M„ March 19, 1876.
i
346
BREADSTUPFS.
16,524
6,013
check the past
week to the activity in the
advancing prices of flour. Receipts have been more
liberal, and the supplies also increased by a large local produc¬
tion ; shippers have been embarrassed by the difficulty of nego¬
tiating exchange, by the upward tendency of ocean freights, and
latterly by unfavorable foreign advices. There was, however, no
general decline up to the close of yesterday’s business, though in
There has been
some
demand and
j
-
l,939j 48,346!
762; 30.660:
1,899 97.952
2.485
90.134
Shipping News.—The exports of cotton from the United Bta
the past week, as per latest mail returns, have reached 58,313
bales. So far as the Southern ports are concerned, these are the
reported by telegraph,and published in The ChronFriday,except Galveston,and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared up to Wednesday
niffht of t'.iH week.
Total baloB
sameexnorts
last
New York—To Liverpool, per steamers Wyoming, 620 ...Cuba, 97
Citv of London. 466
Baltic. 294
Helvetia, 1.299
per ships
Edith Warren, 2 124— Westminster, 3,424
Syria, 100
To Bremen, per steamer Wesor. 549...
To Hamburg, per steamer Pommerania, 109
To Antwerp, per steamer Steinmann, 202.
New Ohleans—To Liverpool, per steamer St. Louis, 3,992... per ship
.Coronet, 2.629
per bark Aurora, 1,871
To Havre, per ship Francis P. Sage, 3 910....per barks Australia,
per brig Friede. 355
2,037... Augus e, 2.307
..
...
Regina, 4,145
Malaga, per biigs Andrea, 670
Therese, 780
Charleston—To Liverpool, per bark Belgium, 2,373 upland and 23 sea
Reval, per ships John Patten, 3,750
island
To Havre, per ship William, 337 upland
To Barcelona, per brigs Toro, 350 upland ...Carmita, 481 upland. .
To Liverpool, per brig Donee, 574 upland
Savannah—To Cork or Falmouth for orders, per bark Salem, 1,350
upland
Texas—To Liverpool, per ships Rowantree, 2,796
.A. & E. Lovitt,
2,850
per bark Fama, 1,152.
Norfolk—To Liverpool, per steamers Arch Drnid, 2,728....San Jacin¬
to, 179
Raltimore—To Liverpool, per ship Macaulay, 914
To Bremen,per steamer Hohenzollern, 833
Boston—To Liverpool. per steamers Earl of Lonsdale, l,0i7....China,
414
Mid’gUplands...©77*
54.373
137
1
8,000
629.000
•
4,489 1
255
13,506
j
....
{
1
34
Sail
Steiim.
c.
c.
...
3,208 j
....!
...J
...
B
786
102,365
46,394
135,423
1,776
1.162
2.503
Virginia
To
To
,
,
..
This
week.
iclk
Tarragona, bark, (Sp.), from New Orleans, which arrived atBarcelna Feb. 24,
encountered heavy gales from N. W. on Jan. 13, in lat. 30 N. Ion. 42, W.,
during which four of the crew were washed overboard, the vessel listed
on her beam ends, and had to cut away main and mizen masts.
About fifteen bules of cottou, marked “ ML. & T.,” also some wreck stuff and
a dead horse, were passed off the Jersey coast by steamer Wm. Crane,
from Baltimore, at Boston March 11, A. M.
Five bales of cotton were passed March 8 in lat. 38 20 N., Ion. 73 50 W.
A large quantity of cotton was drifted through March 4 by schr. Juliet, from
Mayaguez for Boston, at Vineyard Haven, 12th.
Cotton freights the past week have been as follows:
Bren ien.
HambHrg.—
-Liverpool.
„—Havre.—,
....
following are the receipts of cotton at New York. Boston,
NEW YORK.
295
CHRONICLE.
THE
1876.3
March 20,
:
Philadelphia—To Liverpool, per steamer Minnesota, 1,182
some cases
wharf.
reductions
were
made in order to effect sales from the
production, notwithstanding the increase, is still
and holders look for an early revival of
the export demand.
To day, buyers and sellers were apart in
their views, and the market was quiet, with holders very firm.
The wheat market advanced' early in the week, until No. 2
8,424
549 Chicago and Northwest sold at $1 15-}(S)$1 16 irt store, and choice
109
202 No. 1 spring at $1 23£ afloat ; but the demand soon fell off under
unfavorable foreign advices, unsettled exchanges, and advancing
«,492
ocean freights, and there was very little done on
Wednesday and
8,609
7,895 Thursday.
Receipts at the West continue comparatively small,
1,450 and
supplies here have been reduced, but there is, nevertheless,
2.356
some reaction against the recent advance ?n prices.
To-day, No.
3,337
2
Milwaukee
sold
at
$1
18
in
store,
but
bids
did
not
generally
831
574 exceed $1 17.
Indian corn lias declined fully 2c. per bushel since Monday,
1,350
under
the same influences which caused the depression in wheat.
6,798
Receipts at the West are considerably in excess of last year, and
2,907
914 stocks are liberal, so that an interruption to the export demand,
833
from any cause, is felt at once. To-day, there was some recovery
1,461
1,182
The
smaller than last year,
in tone,
with
new
Western mixed closing at 841@85c.
Rye has been firm, but the demand quite moderate. Canada
Total
58,313
peaR have been sold at $1 10 in bond, but are generally held
urticularsof niiose shipments,arranged in our usual form
higher. Barley has been active and higher ; choice Canada Bay
are as follows:
LiverBre- AntMai- Barcegoing on Tuesday at $1 32@1 32£ in store, and yesterday at
pool. Cork. Havre, men. werp. Reval. aga. Iona. Total.
To-day, the sales embraced
New York
8,424
549
202
9,284 $1 37(5)1 37^ to arrive and afloat.
New Orleans
8.492
8,609
7,895 1,450
26,446 Canada West at $1 40, and DanubUn at $1 20.
Charleston
2.396
3,337
831
6,564
Oats were dull most of the week, but were yesterday firmer
Savannah....
574 1,350
1,924
Texas
6,798
6,798 and
fairly active, at 68£@69c. for prime to choice mixed, and 70c*
Norfolk
2.907
2,907
Baltimore
914
833
1,747 for white.
To-day, No. 2 Toledo sold at 681c.
Boston
1,461
1,461
The
following
are the closing quotations
Philadelphia
1.182
1,182
....
....
....
.
Flour.
Total
33,148
202 7,895 1,450
831 58,313
from New York 109 bales to Hamburg.
1,350 11,946
Inclnded in the above totals are
Below we give all news
▼easels carrying cotton from
1,382
received to date of disasters, &c., to
United States ports :
Canterbury.—The wreck of ship Canterbury (Br.), from Mobile' for Reval,
- ashore on Tybee Island, was to be sold by auction at Savannah,
,
Match 13.
Voyager, ship. Chase, from Norfolk, Va., for Liverpool, put into Belfast,
Ireland. March 14, with crew sick. Had lost two men.
Edward O'Brien, hark, from Mobile, before reoorted as having been ashore
at Port Modoc, got off and taken to Holyhead, and subsequently to Liv¬
erpool, arrived at the latter port March 1.
Maggie Bf.own, bark, (Br.), Swan, at Liverpool, March 15, from Charleston,
experienced heavy weather, and had main rail and bulwarks carried
away.
M. E. Corning, bark, (Br.).
gate, March 9, leaky,
McHenry, from Mobile for Reval, arrived at Rams¬
and with loss of sails.
National Eagle, bark. Sears, from Charleston for Liverpool, put into
Queenstown March 12, with sails split, having experienced heavy
weather.
No. 2
$ bbl. $4 25© 4 50
9uperflneStateand West-
! Wheat—No.3 spring,bush.f 1 08© 1
15© 1
J No. 2 spring
1
|
5 10© 5 25 1
4 65© 4 90
ern
Extra State, &c
Western Spring
Grain.
i
Wheat
extras
do XX and XXX
do winter wheat Xand
XX
City shipping ext-as.
City trade and family
..
5 00© 5 30
5 40© « 25
5 50© 8 00
5 25© 5 75 I
No. 1 spring
Red
^
J Western
Amber do
White
Corn-Western mixed.
White Western
Yellow Western....
Southern, yellow
Rye
25© 8 00 I Oats—Black
brand8.
Southetn bakers’ and fa¬
6
mily orands
shipp’gextras..
Rye flour, superfine..
Cornmeal—Western, &c.
7 00© 8 25 1
5 75© H 50 , Barley—Western
Southern
Corn meal—Br’wine. <fcc.
Mixed
White
75© 5 00 1
4 10© 4 45 j
4
4 65© 4 75
1
Canada West
State
Peas—Canada
The movement in breadstuffs a.t this market
lows;
.
21©
1 22©
1 27©
1 28©
84©
85©
85©
85©
90©
<5©
67©
68©
....©
1 35©
1 15©
1 12©
13
19
1 24
1 25
1 20
l 35
85
86
85*
85#
95
67
69
70
..
1 40
1 25
1 80
h*s been as JoL
18 75.
For the
Since
week.
Jan. 1.
50.932
609,877
3.833
44,557
,
Flour, bbls.
C. meal, “
Wheat, one. 148,440
Corn,
“ . 210,150
Rye,
“ .
.
Oats ...“
*
.
18' 15.
For the
Since
week.
Jan. 1.
.
1, 1874.
852,757
2,135
420,214
103,740
13.630
(0,537
208.225
368.256
1,347,431
1,705,513
3,780
4
37,217
3,859
488,737
2,021,313 ' 370,<59
91,230
2,960,252
18,708
12,111
6,212,764
381,620
48,301
55,712
6.618,820
2,500,138
9.500
during the week has not been as settle'd as was hoped
fair stocks of goods obtained
earlier in the season, and their requirements will be light until
the retail trade commences. The Southern and Southwestern
trade are buying moderately, and near-by dealers are taking hold
more freely, but are not yet fully represented in the market.
In
general, prices remain firm, and cotton goods continue buoyant
without showing any special changes excepting a few prominent
lines of cotton goods, which have been advanced a point.
Wool¬
ens show no changes and rule rather quiet., but are about steady.
Domestic Cotton Goods.—A fair business has been done in
•
•
•
,
18'74.
Since
For the
Jan. 1.
week.
,
27.860
32,128
2,046,485
203,096
no
•
.
-
•
•
30,408
8,505
26,000
Western traders hold pretty
for.
New York’* Includes also malt.
In “Roceipta at
The
1,413,610
4,077,822
21,275
06,665
.
Since
Jan.
,
the trade
EXPORTS PROM NEW YORK.
RECEIPTS AT NEW YORK.-
♦Parley “
[March 20,1875.
THE CHRONICLE
296
following tables show the Grain in sight and the move
Breadstuff's to the latest mail dates:
went of
’
RECEIPTS A.T LAKE AND RIVER POUTS FOR THE WEEK ENDING
staple lines of cotton goods, and there have been con¬
makes of standard
bushbush.
busb.
bush.
and fine brown cottons for forward delivery at the prices ruling
(56 lbs.) (321bs.) (481bs.) (56 lhe.)
P28.559
6,372 at the time the deliveries are made.
413,734
38,473
30,028
Chicago
Goods in stock are firmly
3C 480
5,042
13,376
Milwaukee
11,635
208,350
26,120
Toledo
held, and an advance has been established in several lines.
350
450
69.638
27,847
Detroit
141,404
Bleached goods are also strong, with an advancing tendency, and
on
6.423
;
*7.25!)
8,627
10,281
Cleveland
31,575
13.737
161.J350
60.243
2,U4 there are several
33,140
St. Louis
27,891
prominent marks for which orders are still taken
49,650
5,610
7,050
Peoria
110,160
1,510
25,160
at
value,” there being no stock available in first hands for
Duluth
prompt
delivery. Colored cottons are selling to a fair aggregate
81.069
319,523
10,258
721,010
837,455
Total
81,562
61.176
21,810 extent in stripes, ticks and denims,, but the demand is not steady.
754,353
217,601
64.402
Previous week
533,698
261.765
20,201
571.603
139,747
433,108
Prices in these fabrics are firmly sustained, however, at old quo¬
Corresp’ng week,’74. 105,216
407,183 145.213
107,752
21,501 tations.
’73.
864,003
501,530
Cottonades are not going out very freely, but are also
216,113
26,605
66,178
’72.
220,016
772,504
80,376
10,481
174.396
31.032
211.510
firmly held, -and prices are unaltered. The market for print
’71
312,607
71,389
6 \557
191,179
7,677 cloths has remained firm, with 6§c. the ruling quotation forextras
’70.
31,024
78,9)1
247,3i2
951,628
on the spot.
Total Aug. 1 to date... 3.333,568 41,967,088 27,503.083 11,739.459 5,193,003
Futures continue strong, and are higher. Prints
3,0SU11 56,883,610 33,33 ),060 16,050.914 6,48 5.011 1,427,128
Same time 1873-74.
are firm, and there is a fair sale for most makes, but the demand
3
Same time 1872-73
3,383.685 35,555,525 7,26!),821 1 5.820.052 7,720,601 7,370,642
runs chiefly upon fancy side bands and other tasteful patterns,
Same time 1871-72,,.. 3,410.018 31,736,658 36,060,246 18,100,425 5,672,350 2,282,748
with a disposition to crowd up prices a little on the most popular
* Estimated.
descriptions.
Domestic Woolen Goods.—There is a very limited demand
SHIPMENTS of Flour and Grain from the ports of Chicago
Milwaukee, Toledo, Detroit, Cleveland, St Louis, Peoria and for all lines of woolens in first hands,, while the jobbing moveDuluth, for the week ending March 13, 1875, and from Jan. 1 to ment in fine grades of fancy cassimeres and suitings has been
moderate. Agents do not seem inclined to press sales of the
March 13:
Rye.
Barley,
Oa*s,
Flour,
Corn,
Whea%
better grades of Spring weights, as the market is very poorly
bush.
hush.
hush.
hush.
hush.
bbls.
Week ending—
supplied with stock, and every confidence is felt that stocks will
22,020
175,517
58,058
303,137
March 13, 1875
273,265
03,719
be well cleared out before the close of the season, even under the
14,315
34,118
123.296
105.617
50.734
109,283
March 6, 1875
185,127
11,153 most disadvantageous circumstances. Clotli3 are very dull, but are
167,674
67,805
91,795
407,767
Corresp’ng week 1874
251 671
3,985
82.716
335.902
153,728
Corresp’ng week 1873 91,880
Dress fabrics meet a moderate inquiry, and the
103 538
62,059
13,352 steadily held.
73,148
453,865
Corres’p’ng week 1872 61,863
1,785 most popular makes continue to be well sold up.
There has been
44,980
30,373
57,913
255,276
66,287
Corresp’ng week 1871
a moderate distribution Of shawls, but the dtmaud has not ex¬
510.203
150,004
773,188 2,206,208 3 736.109 1,509,039
Total Jan. to date
141,324
810.555
tended beyond worsted and imitations, and is not fully up to
Same time 1874
1,182,872 6,948,602 2,062,827 1,705.883
80,023
782,140
1,916,648
857,007 1,402,423 2,751,701
Same time 1873
113,049 expectations.
483,821 4,960,707 1,136,299
462,471
663,216
Same time 1872
Foreign Goods.—The entries of foreign goods continue heavy,
AT
SEABOARD
PORTS
FOR
THE
RECEIPTS OF FLOUR AND GRAIN
although the demaud during the past week has not been suffi¬
WEEK ENDING MARCH 13, 1875, AND FROM JAN. 1 TO MARCH 13.
cient to necessitate very heavy withdrawals from bond lor the
Baney,
Oats,
Corn,
Rye,
Flour,
Wheat,
purpose of supplying the requirements of importers.
There has
bush.
bush.
bush.
bush.
bbls.
hush.
Atbeen a lair inquiry for British dress fabrics in small assorted lots
24.500
211.359
2,800
134,325
116,910
57,225
New York
5,009
sufficient to meet the requirements of the early trade.
36,366
1,200
15,946
8,850
129,597
The de¬
Boston
8,000
11,000
7,500
10,000
Portland*
mand extends to all grades, though there is, as usual, relatively
50)
11.200
1,410
Montreal
6,100
more activity in medium cost goods than in the highest or lowest
49,000
56.800
1,200
72,809
4,000
13,890
Philadelphia
700
1«!»
H!
3
11,100
16.840
21,680
priced fabrics. Dress s'lks are selling fairly, while millinery
Baltimore
81,280
323,853
22,783
New Orleans
goods have a steady distribution, largely through the auction
houses.
White goods are fairly active, with rather more inquiry
215.470
5,900
921,422
324,771
31,009
Total
110,593
and other dress fabrics. Linens sell fairly in staple
for
lower
233.800
3,400
111.427
659,915
305,667
20,292
Previous week..
171,375
512,295
20,580 housekeeping lines, but other qualities do not move very freely.
430,183
259,689
32,350
Cor. week ’74..
450,212 41,920
The importations of dry goods at this port for the week ending
Total Jan. 1 to date. 1,481,872 2,963,9)0 11,481.100 2,705,012
497.757 315,223
Same time 1874
....2,285,912 8,853.015 6,860,408 3,306,763
March 18, 1875, and the corresponding weeks of 1874 and 1873
21,102
1.729,941 4,378.138 3,662,970
662,957
Same time 1873... ....1.465,717
CO
AND FROM AUO. 1 TO MARCH
13,
MARCH
Flour.
bbls.
(106 lbs.
Wheat
hush.
(60 lbs.)
231,070
Corn.
i
the
more
siderable sales of the most favorably known
Rye,
Barley,
Oats.
.
.
“
*
“
“
“
..
—
...
...
....
.
.
.
..
...
....
....
....
...
...
...
.
...
..
1,122,593
Same time L72...
8,317,671
2,217,220
46,432
681,103
have been as follows :
ENTERED FOR
-
*
Supply
The Visible
granary at
of
including
Grain,
tho principal points of accumulation
Wheat
hnsh.
..
In store at Albany
In store at Duluth.
In store at Toledo
In store at Detroit.
store at
store at
store at
store at
Boston...
St. Louis.
Peoria
Toronto.
..
..
...
In store at Philadelphia.
In store at Baltimore....
...
busb.
bush.
230.857
176.009
65,9-33
27,000
810,914
53,609
2,444
545,514
94,01!)
February 20, 1875.
March 14, 1874
....
72,551
217,375
152,232
2,152,760
38,000
36,216
403.889
1,078,758
126,683
287,869
50 230
26,89!)
20 642
100,000
4,000
110.090
240.143
461.969
13 1,312
27,523
12,360
34,608
589,639
91,690
52,619
8.601
[22,929
19,583
110,000
2.507
35.000
374,580
1874Value.
Pksrs.
1,401
(625,060
1,826
1,813
603,334
2,137
811
660,168
303,873
211,438
753
.
1,192
821
i.
Total..,
6,068 :f2,403,873
.....
42.173 '
391
47.270
1,500
6,2*90
3,150
13,021
592
1,430
1,000
20,000
10,000
1,000
303,137
175,517
58.038
12.520
140,000
50,000
30,000
15,000
1,000
8,176,361
2,235,107
1,227,514
193,951
7.376.533
6,853,214
6,564,715
2,213,489
2,200,033
1,179,740
1,410,300
2,161,415
1/519.696
6,214,203
2,511,819
737,231
195,278
146,971
152,663
293,780
Friday, P. M., March 10, 1875.
during the past week has developed
a better jobbing movement, and the aggregate distribution from
second hands has been fair. The retail trade in the interior, ex
cept in the larger towns, has not opened with much spirit as yet.
This is supposed to be accounted for by the almost impassible
condition of the country roads; undoubtedly this has had some
effect, Purchases, therefore, made by retailers are irregular and
927
1875
.
Value.
(436.629
1,062
665
319,274
434.599
372,558
203,351
864
2,114
201,711
221,283
589
6,091 j(2,413,502
-
5,632 i
THE
8AME PERIOD.
883
907
290
770
|3*»8,428
276,874
336.488
209.525
807
807
539
530
125
551
Miscellaneous dry goods. 5 624
83,237
1,337
cotton..
do
do
do
silk
flax
$350,893
$350,803
143.630
110,015
116,015
143, 32
52,552
487
487
388
388
133
133
509
628
628
$203,351
$619,872
1,613,496
Total
8,483 $1,264,552
Add ent’d for consumpt’n 6,068 2,403,873
3 359
$815,431
2,145
6, 91
2,413,592
5.632
Total thrown upon m’k’t. 14,551 $3,668,425
9,450 $3,228,933
7,777
120,910
144.598
125,992
25,021
ENTERED FOR WAREHOUSING DURING SAME FERIOD
Manufactures of wool....
cotton..
do
do
do
.
silk
flax
Miscellaneous dry goods.
433
437
126
357
$191,830
774
$324,641
1,041
$444,967
120,212
751
212,073
136,974
128.03!)
157,4C5
181,170
178
39,037
145
607
127
499
162
750.
Total •
1,531
Add ent’d for consumpt'n 6,068
94,500
27,986
5,531
$846,144
2.413,502
8,033
8,480 $3,259,646
13,665
$583,543
2,308
2,403,873
6,001
5,632
149,774
147,166
49,845
$072,922
1,613,496
particulars of leading- articles of domeRnc
manufacture,our prices quoted being those of leading jobbers:
We
annex
a
few
Cotton Sail Duck.
More seasonable weather
Pkcs
$565,259
673,363
598.971
1,286
7,593 $2,987,416
THE D&Y GrlOBB TRADE.
18, 1875.
WITHDRAWN FROM-WAREHOUSE AND THROWN INTO THE MARKET DURING
Manufactures of wool....
.
150.090
....12,109,533
...12,180,111
...12,201,784
...11,711,661
Manufactures of wool..
do
cottor
silk.,
do
do
flax..
-
160,603
.12,188,953
Total....
live,
Barley,
29,000
60.131
273.265
Rail shipments
and
Oats,
2,302,430
464.111
..
lake
bush.
30,000
310,168
45,020
...
at
MARCH
-1873
Pkgs. Value.
in
bush.
2,445,110
27.170
...
the stocks
Corn,
2,130.623
..
In
In
In
In
CONSUMPTION FOR THE WEEK ENDING
Estimated.
Woodberry
and
Druid
Mills.
No. 0
42
No, 1
40
No. 2....
No. 3
38
36
No, 4
34
No. 5
No. 6....,
32
No
30
28
No. 8
No. 0
No. 10
.
.
Light duck—
Bear (8oz.) 29 in..
do heavy (9oz.)...
Mont.Havens 29in.
do
40in.
26
24
22
18
21
20
Ontario and Woodberry
USA Standard 2?* in.
do
8 oz. 22
.9 oz. 24
do
do
10 oz. 26
do
12 oz. 31
do
15 oz. 38
Ontario Twls, 29in.
do
20
Ex
36in.
twls*‘Polh«m’i”
18
23
March 20,
1875]
THE
Shipping
ashksB RFC A D3TUFFS—See special repoTt.
BUILDING MATERlALSBricks—Common hard, afloat
Croton
Pnilalelphin. ....
Cemgnt-’.l 'seadaie*
!5 00
32 00
1 80
23 (0
common
Rockland, flnLUing
Lumber— loutheru pine
White pine box boards
White pine merchan. box
Clear Dine
Oak and ash
Blackwalnut
Rails—10@50d.com,fen
&
3d fine
&
10
00
JO
00
00
00
1
l
25
18
boards. 21
65
10
Spruce boards* planks
Clinch, 14 to 3 In.
S HO
3 00
12 0 J
00
0 25 00
0 30 00
0 75 00
@•50 00
75 0u
22 00
@110 00
@ 2G 00
sli.$ keg
3 35
longer
Lead.wli., Amer.,nure dry
Zinc, wh.,Amcr. dry. No. I
Zinc, wh.. Amcr., No. 1. in oil
Paris white.English, prime gold...
UTTER— (Wholesale Prices)—
Half flrkins(Eastern.)
50
50
75
75
7%
\*
2 00
114®
1 80
0
15
0
12
12
@
0
li
CJAL—
A lotion sale of Scranton, Jan. 27:
5,300 tons grate
5,000 tons egg..
30
28
25
23
16
15
0
5 124®
5 25
0
6 05 0
5 15
4
4 95
10.000 tons stove
Liverpool house cannel
C>FFEE—
Rio, ord. cargoes, 60@90days, gold.
do fair,
do
gold.
do good,
do
gold.
do prune,
do •
gold.
j iv 4.mats and bags
...gold.
Native Ceylon.
gold.
Maracaibo
gold.
Laguayra
goid.
St. Domingo
gold.
Savir.illa
gold.
Costa Ilica
gold.
—
&
to
& 12 00
0 18 00
..
.
154®
15%
16.4
16 >4 *
17 *
174
17 \
174®
26
19
0
&
@
18
29
20
20
17% *
15%®
IS 0
17
13*
16%
19
@
20
....0
....®
31
28
30
21.4a
21%
iPPEllBolts
........
gold.
“
Arsenic, powdered
*•
“
“
Bi carb. soda, Newcastle
Bi cliro. potash, Scotch
Bleaching powder
“
“
$ !b
Brimstone,crude, In store....
Brimstone, Am. roll
;.
Cimphor refined, city
Castor oil, E.l.in bond, ^ gal..gold.
Caustic soda
J'llorate potash
“
Cochineal, Honduras
Cochineal, Mexican
“
"
“
Cream tartar
Cubebs, East India
Catch
Gambler
gold.
“
cnr.
Ginseng, Western
Ginseng,Southern
“
“
Jalap
paste,Calabria..
Licorice
Licorice
Licorice
29
85
4 15
23
46
43
35
8
paste. Sicily
paste. Spanish, solid., .gold
Milder, Dutch
“
Madder, French
Nutgalls, bine Aleppo
“r
•
14
Opium,Turkey,in bond
Quicksilver
gold.
Quinine
cur.
Rhubarb, China,good to pr....^ lb.
Sal soda, Newcastle
gold
Shellac
Soda ash,
gold
Sugar of lead, white
Vitriol, blue.common
•>
Sv
1 85
..
is
364
28
30
84
74
14*
®
-...@
....0
■..0
•
68
ordinary to good
364
2
6 75
3140
40
50
50
24
60
45
(3
<3
0
<3
0
!V@
gold.
Prussiate potash,yellow
4
6*0
6*0
Oil vitriol (66 degrees)
@
@
@
124®
31Y
1 36
2 20
1 25
1 59
82
2 2.5
.0
....@
184
94
Store Prices.
••
•
FISH—
George’s and Grand Bank cod
Mackerel, No. 1, shore, new
Mackerel, No. 1, Bay, new
Mackerel,No.2, shore, new
Mackerel, No. 2, Bay, new
FLAXNorth River
5 75
13 00
10 01
<g
in 01
8 50
4H lb
15
6
14
10
10
9
25
00
50
50
00
@
6 00
..
11
3 5d
a
7%®
French
FI vs
Canton Ginger
64
264
.?*
r case.
@
@
cur.
24
IS
7 50
26
14 4
“
...
State, sUced
do
do quarters
-.
do
Western, quarters
nared
Peaches,
Western
do
do Gi. boo 1 & prime, new
do
do
N. Ca-oiioa, prime.
do
unpared, halves and qrs...
Blackberries
do
...
Raspberries, new
Cherries, pitted, new
Plums
GUNNIES.—See report uuaer Cotton.
GUNPOWDERShlpping V 25 !b keg
Mining & Blasting..
70*
12
7 25
....
quarters.
3
la
Annies, Southern, sliced
“
2 80
15
@
40
134®
ll 40
Domestic Dried—
do
6 10
10
••
Sardines, V hi. box,....,
Sardines, ¥ nr box
Macaroni. Italian
0
0
64®
26
Prunes,Turkish, new
do
Dates
&
0
840
7\@
840
8 4®
8%*
21
23
23
74
124
9
8
8Y
8%
8*
r-ft
23
28
@
30
@
■<*
9
0
33
28
19
@
®
0
do....
Orinoco,
do....
California,
do...,
Matam. and Mex, as
they run
do....
Maracaibo,
Bahia,
do....
Dry Salted—Maracaibo, do....
Chili,
Pernambuco,
Matamoras,
@
@
&
@
23
‘is
do....
do....
'is
...
do....
do....
n
m
14
cnr.
E. I. stock—Calcutta olauglit... gold
Calcutta, dead green
“
Calcutta buffalo
“
134
16
13
11
12
13
@
&
&
Q
‘12
Cropof 1874
v
n>
16.4
134
0
@
12 &
....@
0
....a
1:5
Bavarian
...
English
-
Pig, American, No. 1
Pig, American, No.2
Pig, American, Forge
Pig, Scotch
28 fC <3 29 00
26 00 0 27 00
25 00 0 26 00
nominal 31 00 0 38 00
Store Prices,
Bar, Swedes, ordinary sizes
130 00 @140 fO
Scroll
80 00 @125 00
Hoop
.*
87 50 @133 00
Sheet, Russia, as to assort
gold.
1140
15
...
Sheet, single, double & treble, com.
440
5
Rails,new, English
...gold 43 09 @ 50 OO
do
new.
American
50 00
cur.
9
9*
8 i
29
22
3 50
3 00
@
....
LEAD-
Ordlnary foreign
100 lbs, gold
Domestic
Bar
Sheet
“
5
724@
«*.
2640
254®
25
32
28
81
...
60
2 124 3
2 23 @
@
“
3
2
4
6
pale...-
00
20
50
50
NUTS—
Filberts, Sicily
41
4>
45
45
50
55
72
2
374
1*24
2
4 00
10%
10
8
9
13
.0
12
11*0
1 25
1 01
1 70
do
Virginia.
naon
@
@
@
194®
Tarragona.
-...0
....0
29 0
Ivica
Shelled
124
1 40
1 85
2 10
20
21
20
Si
80
OAKUM, navy to best quality... V n».
olLS“
Cotton seed, crude
7Y®
45
1 10
71
40
,
....
Whale,bleached winter
0
0
0
®
75
70
Whale, Northern
Sperm,crude
195
2 15
Sperm, bleached winter
Lard oil. Winter
OIT*CAKE—
City, bag
gold li 00
cur.
PETROLEUM—
Crude, In bbls
Crude in shipping order
Refined, standard white
47 00
9%
47
1 1.5
76
42
1 21!
80
2
66
i'is
112
@45 ('0
@ 47 50
74*
74
@
11%?»
@
Naphtha. City, bbls
14\
9\
PROVISIONS—
Pork
new mess
Pork, extra prime
Pork,prime mess ...
Beei, plain mess, new
Beef.extra mess, new....
Beef bams
H .ms. smoked...
3P bbl. ‘20 60
“
15 50
“
“
,
—
19 00 0 22 TO
lb
...*
134
14%®
Lard,steam
RICE—
Carolina, good to choice
Louisiana, fair to prime.
Rangoon, in bond
Patna
SALT—
Turks Island
St. Martin’s
Llvernooi .various sorts
..gold.
...
....
@
19 00 @
9 59 @10 50
10 50 @12 00
"
“
.....
01
.
....
<4®
7%®
S4
7\
«t
2 75
74
..
7%@
38 sack.
@
28
@
35
2 85
@
gold
—@
54®
“
^ lb
V bush.
124
5%
3
Brandy, foreign brands
Rum—Jam.,4th proof
@
0
@
cur.
Whiskey
“
@
@
S 65
8 10
2 70
1 15
0
&
2 22*
6\®
12
spring
...
....
spring
....
SUGARCuim.inl.to com. retiring
do falrto good refining
7
8
7
5
7
.
8%
•*
0
0
0
0
8
7
7Y
6*
7\
8*
9*
111
10*
10*
8
0
8%0
7%@
8*0
74@
7 @
10 40
8%
7%
8%
7\
8%
10%
10*0
104®
i6%
....
Vlb
Hard, powdered
do
granulated
do
cut loaf
Soft white, A. standard centrif...
do
do
off A
White extra C
Yellow
do
Other Yellow
TALLOW—
Prime city, V !b
Western, V lb
*8%
sy®
9*0
1040
9*0
.
grades
2*
0
8*0
8*0
8*0
Brazil, bags, D. S. Nos. 9@11
Java, do. D.S., Nos. 10@12
Refilled—Hard, crushed
0
7%®
do prime, refining
do fair to good grocery
do pr. to choice grocery
do centr.hhds.& bxs, Nos. S@!3
Molasses lilids & bxs.
Melado..
Hav’a.Box.D. S. Nos. r»@9
do
do
do 10012
do
do
do 12015
do
do
do 16(318
do
do
do ll.@‘U
do
do
white.....
Porto Rico,refining,com- to prime,
do
grocery, fair to choice..
Manila
N. ()., refined to grocery
9
16
10
11
0
0
@
&
0
....
....
...
8Y
14*
11*
11*
@
H.%@
10*(»
cur.
,
15
Store Ib ices.
14 4
17Y
machinery
German
40
3 (X)
8TEKL—
cast
1 22*
1 07
.@
3
3
3 45
••
Domestic liquors—Cash.
Alcohol (88 per ct) C. & W
blister
cast, Tool
....
gold.
55 @ 15 00
65 @
7 00
V gaU.
“
“
St. Croix, 3d proof
Gin
10 V®
1U%
»Y@
9*0
9*0
8 @
9*
9%
SY
8 9-16
@
...
GO l'*
Hyson, Common to fair
do
Superior to fir e
do
do
cur.
....
Extra fine to finest
Choicest
Young Ilyson, Com. to fair
do
Super.to fine
do
do
8*
$
1
114
2 80
2 9>
Hemp, foreign
185 @ 190
2 30 @ 2 35
Flax, rough
Linseed .Calcutta V 56® gold (time). .... @2 15
...
Gunpowder, Com to fair
do
Sup. to fine
do
do
Ex. fine to finest
Choicest
Imperial. Com. to fair
do
Sun.to fine
Extra fine to finest
do
Fyson Skin.& Twan.-com. to fair.
do
do
8np.to fine
do
do
Ex flnetoflnc9t
Uncolored Japan,Com.to lair
do
Snp’rtoline
40
0
60
0
73
0
78 0
91
.0
63
45 0
92
72 0
1 0 5 0 1 25
52
41 0
57 @
67
75 0
92
1 t 5 0
1 SO
33 0
42
43 0
58
63 0
82
26 0
28
SO 0
82
Nominal.
86 0
46
@
63 0
82
86
30 @
84
40 0
60 @
SO
85 0 1 07
36
26 @
51
33 0
60 0
81
44
63
•
•
....
•
Ex. fine to finest..
do
31
•
Kx. fine to finest
Choicest
Oolong, Common to lair,*,,
do
Superior to fine
do
Kxflneto finest
do
Choicest
Souc.* Cong.,Com. to fair
do
Sup’rto fine
do
Ex. fineto finest
•
•
TOBACCO—
Kentucky
lugs, heavy.
“
leaf,
“
Seed leaf—Connecticut wrappers*73
114®
13*0
85 @
Pennsylvania wrappers. ’72
Havana, com. to fine
X(«,nnfor>,H In hrwirt. hlnnk work
Mannfac’d.in
bond, black work
“
44
bright work
18 0
87*0
13
13
“
Conn. & Mass, fillers.’73.
TIN“
Banca
Straits
7
13
23
55
8
40
25
(A
_
1
30
60
25
gold.
“
.
•
•
25
0
.®
21*
20%
English....
“
2C
Plates. I. C.charcoal
“
9 fO
0
0 10 00
“
8 50
0
9 00
52
0
0
55
55
@
0
0
60
45
Plates,char.terne
WOOL-
Araerican XX
American. Nos. 1 * 2
American, Combing
Extra, Pulled
No. 1, Pulled
Vlb
50
57
40
10
California. Spring ClipSuperior, unwashed
Medium
Coarse
Cape Good Hope, unwashed
Texas, fine
Texas, medium
ZINC—
Sheet
33
10
0
0
30
0
0
0
0
25
3!
S3
33
rs
15
Burry
South Am. Merino unwashed
.....gold.
PTKAM.
To Livxbpool:
Cotton
lb.
Flour
’ 19 bbl.
Oil
bu.
Corn.b’lk & bgs.
Wheat, bulk* bags..
Beet
V tee.
Pork
....Vbbl.
d. s. d.
....0 8-16
S.
2 6
80 0
50 0
@....
@40 0
0....
6*®....
6%*....
rn 5 6
3 6 0 4 0
5 0
38
3?
33
S3
28
83
85
85
35
17
0
0
0
9*0
ft, gold, net
Heavy goods. .Vton.
@
@
@
•..
SPIRITS—
American
American
American
American
Amerlcau
....
2«>
2? 4
24
1 1240
1 00 @
11 @
35 @
Cloves
do stems
FRE1GHTS-
Refined.pure
Clover, Western
Timothy
23
22
12
11
Smyrna,unwashed
26
30
165
SALTPETRECrude
Nitrate soda
SEED—
174®
25 4 @
Nutmegs, Batavia and Penang.
Pimento, Jamaica
....
12*@
..
6%
white
do
Calcutta
Mace
5 50
@
7 37*
6*0
TEA—
8
Grenoble.
Linseed, casks and bbls..
Menhaden, prime L. 1. Sound
Neatsioot, cr. to pressed
do
31
35
....0
Pecans
do
do
do
do
364
....0
Walnuts, Bordeaux,
do
Naples....
do
284
10*0
do
Barcelona.
Brazil nuts
do
284
28
@
0
0
@
0
0
0
Spirits turpentine
Vgali.
Si*®
Rosin com. to good strain’d V bbl. 2
074*
No. 1
No. 2
30
@
0
@
0
a
27
N. O., new, com. to choice... * gal.
NAVAL6TORE8Tar, Washington
Tar, Wilmington
Pitchy city
“
84
94
@
LEATHERHemlock. Buen, A’res, h.,m.*l
“
California, h., in. & 1
'*
conim’n hide, h., m. & 1
"
rough
Slaughter crop
.Oak. rough
foxa9, crop
MOLASSES—
“
6 874
5 75
@
25
37*
00
00
7 124®
English, cast,2d*l8t quality tfttgold
English, spring,2d & 1 Bt quality.. “
English blister,2d* lstquality.. *•
English machinery
“
English German,2d & 1st quality “
U
Crop of 1873
Crop of 1872
Belgian
374*
Pepper, Batavia
do
Singapore.
16
16”
6
5
5
5
0
@
@
SPICES-
23
&
0
&
&
&
<a
@
0
Wet Salted—Buen. Ay, selected
Para,
do
California,
Domestic....
23 4
22 4®
19 0
17 &
do....
do
4
—
CasBla, China Lignea
do
Batavia...
Ginger African
&
...
Bahia,
244
5 25
4 75
4 50
SPELTERSilesian
38.4*
.
Western
FRUIT—
Raisins, Seeaiess....^
do
Layer, new
do
Sultana
do
Valencia, new
do
Loose Muscatel, new
Currants, new
Citron,Leghorn
do....
Demerara
Porto Rico
30
40
&
••
Corricntes,
Rio Grande,
21
21
23
23
32.4
&
0
74®
Ayres, selected. gold
do....
Montevideo,
44
38
33
624
17*
3
S
5 %'S!
....0
.0
16 @
26 0
25 0
21 @
Dry—Buenos
Barbadoes
S*@
.
**
;
89
$n>
21
44
17% *
,
@280 00
74®
7%
5b®
5*
44 a
5,4
36
41
41
2%
17 @
27 0
....@
4 50
a
2 25
:
270 00
Cuba, clayed
Cuba, Mus., refining grades, 50 test.
do
do
grocery grades.
DRUGS * DYES—
Alum, lump
Argols,crude
lrgols,refined
“
HIDES—
IRON-
Tsatlee, Ifos.l to 4
Tsatlee, re-reeled
Tay8aam, Nos. 1 & 2
Canton, re-reeled No. 1
@310 00
@«i5 oo
IIOPS-
0
15
SILK—
75
gold.220 90 @230 00
Texas,
6**
Welsh tubs,
“
Half firkins (Western)
Welsh tubs
“
CUKESK—
State factory, good to fine
State dairies, fine
Sheathing, new (over 12 ox;
Braziers’(over 16 oz.)
American Ingot, Lake
COTTON—See special report.
3
6
5
3
0
5 10 @
5 6J @
3 60
11
0
9 M3t
Cutspikes, all sizes
ralnts— Lead, white, Am,pure, in oil
5,000 tons chestnut
Liverpool gas oannel
35
1
1 35
85 00
Italian
Manila
Sisal
Jute
@
$ ton. 265 00
Russia,clean
Pot
0
65
HEMP AND JUTEAmerlcan dressed
American undressed....
PLUCKS OCR KENT.
Lime—Rockland,
297
HAY-
UEKERAL
I)
CHRONICLE
*
9*
SAIL.-
»
d.
ft.
#
Nominal.
2 0
20 0
35 0
7
7
5 0
8 6
Oh
•
.
.
25 0
at
0
0
@
0
....
•
•
• • •
•
•
•
•
Financial
Commercial Cards.
Commercial Cards.
E.R.Mudge,Sawyer&Co
John Dwight & Co.,
FOR
AGENTS
Mfg Co.
PHILADELPHIA,
J. W. DAYTON, 230 Chestnut Street.
BOSTON
100 Summer street
Franklin Co.,
Continental mills,
Otis
Mfg. Co.,
Putnam
Everett &
-
66
Company,
Cordis mills,
Warren Cotton mills, Thorndike Co.,
Renfrew mfg. Co.,
Palmer mills,
State
Columbian Mfg. Co.,
Boston Duck Co,
Rockport 8. mills,
Lowell Hosiery Co.,
Troy
n
COTTONS AILDUCK
er
No. 109
Dnane
66
manufacturers of
TARRED
CORDAGE,
FOR EXPORT AND
GANGS OF RIGGING
192 FRONT
NEW YORK.
I:
NEW YORK.
Smith, Baker & Co.,
merchants
commissiON
Yokohama and Hlogo,
Wm
W
Pine
Street, New
margin and negotiate Stock Privileges
100 shares. A 48 page pamphlet entitled,
THE ART OF SPECULATING IN WALL STREET, ’
explaining terms used and various methods of operat¬
ing in stocks, will be sent free to any address.
Tumbridge & Co.,
BANKERS
Wall
AND
York.
market rates;
$50 for 50 shares, $100 for
Thirty-two page explanatory pam¬
application.
7 to
AND
MERCHANTS
IN
CHEMICALS, COLORS, DYESTUFFS,
No. 23 Cedar
&c.
Branch Office* in Philadelphia and
WM. PICKHARDT.
)
ADOLF
Boston.
_
.
KUTTROFF,{General Partner*
BAD1SCHE anhjn * SQDA FABRIK
Spccia Partner*
Galvanized
.
S
Corrugated
.
Bailey,
Fire
and
Marine Insurance storks
and Scrip
Cash paid at once for the above Securities; or
will be sold on commission, at sellers option.
William
C.
DKALKR
OF MUNICIPAL BONDS
the handr
St., New York
they
Gilman,
IN
INSURANCE
Two Vol
Sc CO., Bankers,
17 Nassau
Iron
Dealer in
price list.
W. N. COLER
Sheet
“SPECIALITY.”
Per Cent.
City and Schoo
Just published by our senior, should be in
of all interested in this class of securities.
umes, price $10.
RAILS.
65 WALL STREET.
,
We make a SPECIALTY of County,
District Bonds, GUARANTEE LEGALITY of all
bonds sold, collect the coupons without charge, in¬
take same as so much cash on sales. tW~ Send for
THE LAW
Street, New York.
12
IRON
Steel Tyres and Axles,
Steel and Iron Mining Ropes
100 shares.
phlet mailed on
-
NEGOTIATED
AND
STEEE
Street, New York,
IMPORTERS
Ac., &C,|
BONDS
E
BKOKERS.
BUILDINGS,
Railway and Municipal
Buy Stocks on
on any part of
•
Justice,
SOUTHAMPTON
LONDON.
Buy and Sell Stocks on Margins or for Cash
PUTS and GALLS negotiated at the lowest
Pickhardt&Kuttroft
COMMISSION
27
BROADWAY,
72
39
CORLIES,
.
42 Clift Street,
New York.
S.
Philip
deposits.
J. Hickling & Co.,
Japan.
REPRESENTED BY
E.
Stocks, I3ond« and Gold on commission
BANKERS AND BROKER8,
PROVISION DEALERS AND MANUFACTURER
OF LARD OIL AND STEARINS.
66#
Buy and sell
L'.ter-si allowpd on
PACKED FOR
ESTABLISHED 1841.
J. HOWARD MATOUBLL,
PHILIP s. justick,
14 North 5th Street,
Broadway and 21 New Street,
CLIMATES.
ALL
execute orders at the Cotton
,
Philadelphia.
COMPANY.
LARD
L F.
The Agency and Correspondence of Private Firms
Banks, Corporations ana Individuals solicited and
Interest allowed on balances.
Collections made and purchases ana sale of Gold
Exchange stocks, Bonds or Securities of any kind
carefully attended to.
Loans negotiated and Commercial Paper bought and
sold on commission.
We are also prepared to
and Produce Exchanges.
BANKERS AND BROKERS,
JEWELL,HARRISON
PURE
Member Stock Exchange
T UTT
Ewen &
MADE TO ORDER.
William P. Tuttlk,
STREET.
WALL
58
Stock Kxch. Late Cash. Devoe Mfg Co
Joun Ewkn, Jr.,
Member Stock & Gold Exch.
No. 62
&
GENERAL COMMISSION MERCHANTS
A. 13. LOUNSBERY,
H.J. MOR8K,
DOmESTIC USE,
STREET
AND
BROADWAY & 19 NEW STREET
Member N. Y.
MANILA, SISAL, JUTE Sc
BANKERS
New York.
Henry Lawrence & Sons,
See
Specialty for 19 Years.
quotations of “ Local Securities” in this paper
Robb & Peet,
BANKERS,-
Street.
Stocks,
and Gas
J. Morse & Co.,
Company.
Colors
always in stock.
supply all Widths and
EXCHANGE PLACE,
City ' Railroad
snipments consigned to
correspondents in all the principal porta of Cuba
A specialty made of attending to the business of
Banks, Bankers and Merchants out of the city.
States Bunting
OTIS,
CHARLES
cent per annum.
H.
St., New York.
Geo. B, Satterlee.
heir
Also, Agents
IN
CORPORATE SECURITIES.
AND
No. 32 Pine
Sc Pine St»., N. Y.
Liberal advances made on
FELTING DUCK, CAR COVER
ING, BAGGING. RAVENS DUCK, SAIL TWINES
&C. “ ONTARIO” SEAMLESS BAGS,
“AWNING STRIPES.”
A full
FINANCIAL AGENTS.
BANKERS Sc
DKALKR8
PROMPT COLLECTIONS MADE ON ALL POINTS
Deposits received subject to check at sight, and in¬
terest allowed on daily balances at the rate of four
And all kinds of
United
Ripley & Comp’y,
47
Manufacturers and Dealers
COTTON CANVAS,
CO.,
JAPAN.
chandize.
Cor. William
DEPOSITS.
G. St. John Shkfikld.
R. Suydam Grant.
BANKERS,
Co.,
&
BANKING BUSINESS
SOLD ON COMMISSION
INTEREST ALLOWED ON
Duncan, Mathews & Co.,
Brinckerhoff, Turner
M
STREET.
TRANSACT A GENERAL
RAILWAY
PRINT WORKS,
AND BROKERS,
STOCKS BOUGHT AND
Financial.
manufacturing Co.,
ORIENTAL
Co.,
HEARD Sc
«•
Company,
WALL
33
No.
consignments of approved mer
Advances made on
Hosiery,
Otis Company
BANKERS
Street, Boston,
OF CHINA AND
.
checked for at sight.
Grant .&
AGENTS FOh,
A UCrUSTI NE
interest allowed on Balances
Howard C. Dickinson,
Member N. Y. Stock Exchange
St., New York.
104 Wall
Bates Mfg. Co.,
Androscoggin mills, Laconia Co.,
Commission.
on
Platt K. Dickinson.
Member N. Y. Stock & Gold Kxch’ge
OLYPHANT Sc Co., of China,
Pepperell Mfg. Co.,
Bonds
V B. Dickinson.
Represented by
FOR
AGENTS
which may be
Sc
Hong Kong, Shanghai, Foochow
Canton, China.
PHILADELPHIA.
strictly
Accounts received and
MERCHANTS,
COMMISSION
NEW YORK.
ought and sold
& Co.,
Olyphant
Securities, Gold, Stocks and
Government
Supplied
The jooomg Trade ONLY
Place,
YORK.
NEW
Slip, New York.
No. 11 Old
Wright, Bliss & Fabyan,
241 Chestnut street
.St., Cor, Exchange
Broad
SODA.
BOSTON.
15 Chauncky St.
J*
BANKERS,
or
Eilerton New Mills,
Saratoga Victory
71 & 73 Thomas street,)
and
117 & 119 Duane street,)
'
SUPER-CARBONATE
Chicopee Mfg Co.,
Co.,
Dickinson &
MANUFACTURERS OF
Washlnston ITIIHn,
Burlington Woolen Co.,
NEW YORK.
43 ft 45 White Street.
[March 20, 1875
CHRONICLE:
THE
298
SCRIP,
AND
Fire and
46 Pine
Marine
Insurance
Sloe's
Street, corner of William Street,
N. V
@FedFRASER