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c
HUNT’S
MAGAZINE,w
MERCHANTS’
Ukw^jnipe*,
f>-
COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, in the year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.)
REPRESENTING THE INDUSTRIAL AND
.
SATURDAY, MARCH 20, 1880.
VOL. 30.
There is
CONTENTS.
THE
The Money Market
Street,
and Wall
CHRONICLE.
287
Taxing of National Banks.... 287
The Dictator in Russia
one
NO. 769.
prominent fact which bears upon the
question, and which is within the knowledge of every ob¬
server, and that is, that the securities being dealt in on
appreciated in value fully as
America
284
price. It is not a baseless speculation that
288
Five Cents on Elevated Roads. 285 Commercial and Miscellaneous
News
288 has been in progress there.
We do not claim that there
Taxation of Life Insurance.... 286
THE BANKERS’ GAZETTE.
are no prominent exceptions, and yet the decided im¬
Quotations of Stocks and Bonds 293
Money Market, U. S. Securi¬
Local Securities
294 provement, which is so general, has the support of a real
ties, Railway Stocks, Foreign
Investments, and State, City
Exchange, New York City
business revival which is universal. A *good illustration
and Corporation Finances... 295
Banks, etc
290
THE COMMERCIAL TIMES.
of this truth are the railroad earnings we publish from
Commercial Epitome
299 | Dry Goods
305
Cotton
300 i Imports, Receipts and Exports 306 month to month.
Besides, we all know that securities
304 I
Breadstufts
which were almost hopelessly unremunerative eighteen
months ago are now earning and paying interest, while
those that paid then, are showing largely increased
If the fact that a bond earns its interest
The Commercial and Financial Chronicle is issued every Satur¬ strength now.
or a railroad stock earns a dividend, or has good promise
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class that it will soon do so, is a guage of permanent value,
Consumption
of
283
Latest Monetary and
cial English News
in
Cotton
Commer-
■
Wall street have
much
as
as a
whole
in
Site Ctoukle.
mail
TERMS OF
matter.]
SUBSCRIPTION—PAYABLE IN ADVANCE:
$10 20.
For One Year (including postage)
For Six Months
do
••
then
Annual subscription
do
Sixmos.
in London (including postage)
do
do
6 10.
7s.
1 8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publica tion office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
we
think it must he admitted that the average
security dealt in on Wall street is not being run up by a
wild speculation, and will not lose its value more than
temporarily in case of a monetary disturbance. A simi¬
lar situation of the money and stock
concurrent with so much to support
there is
markets
was never
the ruling prices as
now.
do not believe that our banks are
heavily loaded with doubtful Wall street collaterals on
Street, where subscriptions will be taken at the prices above named.
Advertisements.
small margins. We know it is not true of our more con¬
Transient advertisements are published at 25 cents per line for each
servative institutions, and we should reach the same coninsertion, but when definite orders are given for five, or more, insertions,
liberal discount is made. Special Notices in Banking and Financial
elusion with regard to all of them, from what we
column 60 cents per line, each insertion.'
WILLIAM B. DANA,
actually know of the situation outside of the hanks. In
WILLIAM B. DANA & 00., Publishers,
1
JOHN G. FLOYD, JR.)
79 & 81 William Street, NEW YORK.
the first place Wall street prices are in a great measure
Post Officb Box 4592.
sustained by the investment demand which is remark*
1^ A neat file cover is furnished at 50 cents; postage on the same is able in its continuance and extent. An unusually large
18 cents. Volumes bound for subscribers at $1 20.
^ For a complete set of the Commercial and Financial Chroni¬ number of the securities being bought are taken out of
cle—July, 1865, to date—or Hunt's Merchants’ Magazine, 1839 to
1871, inquire at the office.
Wall street.
Of the best bonds and stocks it seems as
if there were only buyers and no sellers. This may he
accounted for in part by the very considerable exchange
THE MONEY MARKET AND WALL STREET:
London Office,
The London office of
the Chronicle is at No. 5 Austin
Furthermore,
Friars, Old Broad
we
-
\
a
•
_
disposition among most people to
single out Wall street as the only active agency in
producing the present peculiar position of the money
market,. Railroad stocks and bonds have appreciated
largely in value, dealings have been very extensive, and
the quick conclusion is that these securities have ab¬
sorbed loanable funds to so great an extent, that relief to
the money market can only come, and will come,
through a general decline in the prices of such securities.
Are there not reasons for doubting the absolute correct¬
ness of this conclusion ?
This is an important inquiry,
because if the prevailing impression is erroneous, it
is better to know it and not look to Wall street alone
There
seems
for relief.
to be a
investment in progress from United
convertible during the next two years,
of
bonds.
States bonds
into railroad
Of these classes of governments our
bank's
are
carrying increased numbers, the former holders
having thus thrown them on the market. Then, again,
with the legal rate of interest six per cent, there is so
active a demand for money that no need exists fora
now
money-lender taking doubtful securities, and where
higher than the legal rate is secured, the natural ten¬
dency is to require additional safeguards, since the
transaction does not have the protection of the law.
Altogether, therefore, it is safe to say that our hanks
to-day are very well secured, and are not helping on by
narrow, doubtful margins a Wall street speculation. ^
THE CHRONICLE.
284
To
.
v
mind there is
a
class of values ruling
which
are
of
change in consumption from year to year—
one duo to the general profitableness or
unprofitableness
of the trade, and the other to the average size of yarn
spun. For instance—(1) some years the existing spindles
may not be all employed, while all other years even extra
time, and running night and day, may become the rule;
or (2) one year the demand may run on fine goods, and
another year on coarse goods, that is the coarse or fine
becomes the more profitable, and in that case all the
machinery suited to the manufacture of the more profit¬
sources
speculative and doubtful in character than the
.prices of railroad stocks and bonds, and yet they are
supported by speculations which could only be carried
on by the help of banks. We refer to merchandise values,
many of which are to-day so unreasonably high as to
threaten serious consequences unless discouraged by our
financial institutions. Look at breadstuffs, provisions,
ootton, building materials, &c.; one after another has
been taken up, cornered or otherwise forced up, until as
a result the country is likely to be a serious sufferer.
A able article will be turned on to it. Those who, woman¬
bouse or factory cannot be constructed to-day much, if like impulsively jump at a conclusion as to consumption,
any, below the values prevailing previous to the panic. forget that these conditions are also governed by as exact
This must check the development of the building and rules as the action of the spindles themselves, and that
manufacturing interests. Breadstuffs have been held off the only room for the least uncertainty is in measuring
the market until it is doubtful whether we can dispose the comparative activity, which uncertainty can be
of our surplus, while at the same time the prices that reduced to very narrow limits by proper investigation.
have ruled are stimulating a planting, not only here but Let us briefly examine these two points, and see if a
all over the world, which promises to bring in a produc¬ result with regard to each is not capable of quite close
tion fatal to even remunerative values next year. This demonstration.
And first, how does the time of running compare this
same result is also t& be feared in cotton.
For iron the
demand has been exceptional, while the supply was season with last season ? It is notorious that the mills
limited, so that a decided advance in values was inevi¬ made money all last year. The season of 1878-9 opened
table. But now the change in the relation of supply and with cotton relatively high, low middling being quoted
demand has taken place,- and the longer the present in New York at 11 15-16 the first of September. Soon
exorbitant prices are sustained, which are flooding us after, however, the decline set in, middling uplands
with foreign iron and steel, the greater will be the dis¬ being 10£ October first, 9£ November first, 8J Decem¬
ber first, 9 1-16 January first, 9£ February firsthand
aster later on.
In a word, the grade of cotton
In a word, then, the condition of our merchandise mar¬ 9 7-16 March first.
kets is very disturbing and unsatisfactory, and decided probably used averaged the spinner during all those
relief will be afforded when merchandise values and months say about 9 cents, while he was getting 7£ to 7-£•
stocks decrease. It is not impossible that the return cents for standard sheetings. Subsequent months the
movement of the funds sent out from here last Fall may margin in the spinners’ favor was very much greater.
in this way be started. That money is not permanently But taking cotton at 9 cents, and standard sheetings at
lost to sight or absorbed. It is partly locked up in the lower price, 7£ cents, the profit to the manufacturer,
carrying merchandise ; and the remainder of it will after deducting cost of selling, &c., would be over one
probably be brought out of concealment with the pur¬ cent per yard. That fact must be sufficient, without
chase of Spring supplies by planters and farmers of the any outside evidence, to prove that spindles were kept
active during last season.
South and remote West.
It is scarcely necessary to
affirm that the manufacturer pushes his machinery to
its full capacity when he can clear a cent a yard.
There
CONSUMPTION OF COTTON IN AMERICA.
was a temporary suspension in the Summer, through the
Last week we gave some interesting figures with strike at Fall R;ver ; but new hands were very soon sup¬
regard to European consumption of cotton, based upon plied to one half the capacity of the mills, and it was not
Mr. Ellison’s circular for this month. Of course every very long before all were again on full production. Com¬
such statement is in one sense an estimate, and yet the paring, therefore, in this particular, last year with this
doubtful element is reduced to a minimum when the year, there would seem to be no great difference. Full
estimate reaches the limit of capacity, as we found it time may be said to have been made both seasons,
had for February in the case of Great Britain. Conse¬ except during the strike at Fall River in the Summer
quently the rise from the present weekly total in England of 1879.
Some think, without considering the matter fully, that
—except through spinning a coarser yarn, which is im¬
probable—must be very gradual, whatever be the induce¬ the mills are being run many more hours this season than
ments, and can only take place as new spindles can be last season. This is the general argument used when
far
'
our
\jou xxs.
more
•supplied.
Similar restrictions
apply tt> similar estimates in the
United States—they must be kept within the same
bounds. That is to say, we cannot use more cotton in
any year than we Lave spindles to spin it. This is such
a simple
truth., that it would seem hardly necessary to
state it; an^i
yet the majority of estimates of Northern
consumption which have prevailed during the season are
in direct opposition to this truth. Of course there is a
BA^aral growth of spindles in progress at the present
time, but it takes so long to make them and put them
up, that no good authority estimates the growth above
ten per cent for the twelve months, or an. average
increased spinning capacity for the year ofr about say
five per cent.
In addition to
this there
can
only be two further
speaking in favor of an enlarged production, Without
doubt the present margin between cotton and goods is
even
larger than a year ago. But either price is
sufficient to prevent any spindles remaining idle, and
neither price could lead to any considerable overwork—
that is, night work. In most of the States, especially
those where this industry is more largely developed, the
laws with regard to labor are such that night work
cannot be made profitable.
In those States, therefore,
it could not be resorted to, and elsewhere in the North
it has not been to any considerable extent resorted to
this year. Still, let us assume, so as to be on the safe
side, that there has been this year some increase in the
time made, and that with the extra spindles put up the
production is eight, or say nine, per cent in excess of last
year, Even calling it the latter, with all other things
4
285
THE CHRONICLE.
W, 11860. J
and to build on to reach the poorest traffic,
having the best already, would be rather philan¬
In this view, urged keenly by
But there is another fact tending in the opposite thropy than business.
the population and property owners concerned, it
direction which cannot be passed over, and that is, that
would be wiser to get the roads finished before turning
our spinners, so far as their machinery will permit, have
of Cotton would
profitable
running on decidedly finer goods. Last year our
people were economizing, and the active demand was for
cheap goods. This year they are making their purchases
more freely and lavishly.
As a consequence, the better
class of goods have found more buyers. This may be
questioned by some who are advocates of a greatlyincreased consumption. But there is positive proof of
down the
equal, the addition to spinners’ takings
only be for the year 127,000 bales.
been
Examine the prices of
goods, and it will be seen that all through the season the
finer goods have shown the largest profit. Is there any
question, when prices are in that condition, which article
the manufacturer will make, if he has the option ? We
the assertion before every one.
definitely estimate the extent of this
change. It is sufficient to call attention to it and to
suggest whether, in view of the heavier weight of bales
and of the finer yarn spun, 100,000 bales would not be
a very full estimate of the increased consumption in this
do not propose
to
country this year.
;
after
screws on
them.
Furthermore, there is nothing that binds or practi¬
cally can bind the companies to keep up their present
style of operating. If they chose, as a matter of repri¬
sal, or of economy, or of necessity, they could run trains
slowly and less frequently, with less expensive cars, and
severely plain expenditure otherwise. It might
also be a matter of positive necessity to do this—indeed,
it might prove to be an impossibility to operate the
roads even on a more economical basis. For if one
train-load cannot be carried to Harlem, at five-cent fares,
without having the cost of so doing exceed the receipts*,
a hundred trains
would only multiply the loss. But
whether five-cent fares as a uniform rule could be made
to yield anything above operating and repair expenses, is
something which is not only not yet demonstrated but is
a more
considered; present profits do not settle it*,
for there is a great difference between a net profit on
average rates and a profit on receipts at the lowest rato
not
yet really
in that average.
The roads have done
now
FIVE CENTS ON
ELEVATED RAILROADS.
nothing for New York in a dis¬
interested way, and the sentimental view has of course
emphatic defeat by a heavy majority in the
no place in the discussion. Yet it is undeniable that they
Senate of the bill to reduce the fare on the elevated
have exerted a large improving and developing effect
railroads to five cents may be regarded as the end of
that measure for this session. Waiving for the occa¬ upon property generally. They are an incomparable
sion the matter of rights and interests of the corpora¬ advance upon the old surface roads, and supply a local
transit unapproached anywhere for comfort and speed*
tions, and looking at the subject solely as concerns the
public use of the roads, we must regard this failure as a They were long awaited, wanted and despaired of—so
long that “ rapid transit ” became a bv-word among the
desirable result.
It was urged against the bill that to pass it without a things to be realized by some succeeding generation ;
certain prelirhinary inquiry,’required by the general rail¬ and the figure of Father Knickerbocker on a tortoise
road law, would involve an impairment of contract and was sometimes used to caricature the expectation. Now
that the courts would promptly set it aside ; on the other we have it; and to turn directly about and make war on
The
answered that the general law could have no
application to this class of roads. Which view is sound
is of no consequence here ; the point is that, although it
was clearly
practicable to comply with the condition
prescribed by the general law, the temper of its advocates
was too impatient to brook even this slight delay.
Such
a spectacle of hot-headedness might be expected from
children, but is certainly not seemly in a body of men
assembled to make laws for a great State ; and—as we
remarked only a week ago—action taken in haste and
heat is rarely wise action, for wisdom implies delibera¬
tion. For this reason alone, were there no other, the
hand) it
was
satisfactory.
weightier reasons. That the corpora¬
done injury to private property, without com¬
defeat of the bill is
But there
tions have
are
pensation, have received valuable franchises gratui¬
tously, have not in all respects worked their roads with
the least possible offense, and have watered their stock
boldly and largely, must be admitted; they are thus in
not the best position to reply by arguments, and the
feeling against them is not all unfounded. But it would
be unwise to let these facts blind us to all other consider¬
ations. And first we ought not to forget that it is need¬
ful for the city to have these roads further extended.
In fact much of the opposition to the five-cent bill came
from residents in the upper and outlying wards of the
city, who feared that a compulsory reduction of fares
might stop the extension of the roads. Such fear is
well founded, for that would be a natural if not neces¬
sary result.
Obviously, if the long through business
paid at all at five cents, it would .be comparatively un¬
it—indeed, before it is fully*
completed—may be quite according to impulsive human
nature, but is nevertheless not wise.
•
As to fares, ten cents is only what we paid without
grumbling for creeping in stages, which only ran over
much shorter routes and no further than they found
good loads. It is also a mistake to forget that the para¬
mount consideration is, or ought to be, safety.
More
supports, more safeguards at stations, more efficient
brakes, better system of signals and switches, and more
positive prevention in every way against the mishap which*
sooner or later, may be inevitable after all—these are
the steps of reform which^ to the extent that there is
room for them, it would be wise for the public to demand
before taking up a hue and cry for lower fares, which
would be dearly purchased at the expense of safety. At
the same time, it is not at all certain that the companies
will maintain an antagonistic attitude on the fare ques¬
it
as
soon as we
have got
they are not forced into it. The extension of the
hours, already proposed as a compromise, is
favorably received, and there can be no reasonable
tion if
five-cent
objection on either side to trying it, at least experiment¬
ally, so that the effect on traffic may be put to test. The
managers are greedy, if we please to put it so, but
nobody supposes that they are not keen-sighted, and
they probably do not lack a personal interest in the
development of up-town property through the roads.
They cannot fail to see that it would be better for them
point in advance of conflict than to yield
the same after defeat, and it is only reasonable to count
upon their intelligent self-interest as prompting them tQ
to
concede
a
V
286
THE CHRONICLE.
[VOL. XXX.
yield what is financially practicable. More than this it tration, we find that a rough calculation makes the total
is no more in their power to give than in that pf statute tax and interest, on a term of ten
years, aggregate over 2
to take; a popular demand for a service at five cents millions.
that costs more than five, if that is the fact, can never
It may be objected to this that
any tax or payment would
be gratified.
show the like result if compounded, and this is
true, but
•
.
the interest view has
TAXATION OF LIFE INSURANCE.
If results
were
to be measured
by proposals, our present
Legislature would be a most remarkably efficient body.
But when these plans are coupled with the.
report that no
important legislation, except with regard to city charters,
need be expected this year, and
by the proof that up to
this time none has been effected, it does not look
quite so
formidable.
Still, propositions are daily being made which
are very sweeping in their
proposed effects, and some of
them almost revolutionary in their nature.
To the bills already reported on the
subject of taxation
the Joint Committee have added two more this
week, one
contemplating a tax on savings bank deposits and the other
onthe income of life insurance
companies. On the former it is
proposed to lay one-fourth of one per cent, as by United
States law upon the national banks, which would be
equiva¬
lent to a confiscation of about 4
per cent of the average in¬
terest yield of savings bank funds. As to life
insurance, the
bill provides that every
company organized or doing busi¬
-
ness
in this State shall pay an
peculiar application to a tax on, cor¬
porations whose existence is based upon the compounding
of fixed sums
uninterruptedly at fixed minimum rates.
The imposition of an income tax at so
high a rate as 2 per
cent, without deduction for expenses, would be an un¬
warrantable
change of the conditions upon which,
as
assumed
to
be
substantially permanent, the
premium
rates are cast, even were the tax
in¬
trinsically defensible. But a tax upon strictly savings
accumulations has always been
properly recognized by
students of taxation as a tax upon thrift.
True, such, sav¬
ings are, as much as any other taxable surplus, a part of
the gains of industry and
exchanges, and, so far, fall
under the general class of
things taxable ;, but they may.
and often do represent the special
surplus of self-denial, and
are contributed to a fund for no
purpose of profit, but fpr
that of precaution against want.
As savings funds, they
are taxed in the
wrong place, if they are to be taxed at all.v
The first aim of a tax system should be to take so as to be
the least disturbing and
discouraging; it would be much
less depressing to tax income, as such and in the hands of
its earner as soon as earned, than to follow it after it has
annual tax of 2 per cent “ upon
“the gross amount of
premiums, interest, and other in- been set aside as an insurance fund.
-“
come received by such
company in this State.”
Another objection to this bill is that
Although
Attempts to carry taxation beyond the jurisdiction of' the an encouragement
to
it
would be
retaliatory
legislation.
We
in particularizing, but there
is a great
deal
of legislation already imposing
special
burdens
upon
outside
corporations ; the
tendency is to carry this on, and a law like this would
be another step in so doing.
A number of States already
tax outside companies; if this State
lay a 2 per cent tax
on business done
by such companies here, the natural re¬
sult must be that each State which has
companies doing
business here will make
things
even by similarly taxing
tax to income on business done and loans made
within the New York
companies. The taxes, licenses, and other vex¬
State, ^nd yet the ambiguity is manifest, for premiums atious
requirements now imposed by different States—
collected in any State or
country by a New York company partly as a fancied “protection” of their local
institutions,
Ai;e certainly “income received by such
company in this and partly because “foreign” monopolists are so con¬
State,” in a technical sense. On the other hand, if the
veniently handy—are already one of the worst plagues of
intent is to tax only income from local
business, and that insurance.
intent is made clear, there follows the
There is not the least reason to
necessity of separ¬
suppose that such a bill
ating premiums and other income earned within from that as this will become
law; on the contrary, it is impossible
without the State; and, with consistent
blundering, the not to regard the annual appearance of a crop of bills
second section, providing for returns for
taxation, requires aimed at corporations as evidence of the
depravity of legis¬
a sworn
report, from “every such insurance company,” of lative
methods, by which things are proposed for the .pur¬
only “ the total amount of premiums received by such compose of not being done. \ Yet this bill illustrates anew the
pany in this State.”
deplorable'indolence, short-sightedness, and shallowness
Waiving all this, and assuming that the law against the with wliich the
grave subject of taxation is handled.
The
life .company would execute
itself, as an automatic tacit assumption runs thus: Here is a
pile of property
machine moves, let us see how the
plan would work.. Two which is reported already, is known,
accessible, and can’t
per cent on the total income of the New York
companies, hide; it is “corporation” property; it is “deposits” or
on the basis of the
year 1878,-would be $867,148.
A “moneyed capital;” it belongs to nobody in particular, and
single year’s tax, improved at only 4 per cent (the rate to come down on it will cause no
unpopularity; if we scoop
assumed in
calculating premiums), would amount in ten the State expenses out of it we can relieve “the
people” of
years to nearly 11 millions, and in twenty
years to nearly taxation, which will be a clever thing to talk of on the
.27.millions. Charged as an expense, this tax would be
stump; anyway, it is so handy—right under our noses—
equivalent to an addition of about 60 per cent to the com¬ and we can save ourselves the
bother of framing general
missions paid to agents, which latter is an item of
cost over tax laws.
An accumulation of
money which seems to have
which hasty critics have
always waxed wroth. If the sup¬ no owner appears to the average legislator the
key to the
position is that the tax is confined to New York business,
problem of raising money by taxation without troubling
the figures cannot be
had, because such business, except anybody for it. But when shall we have this
very serious
premiums, is not stated separately, but on the premiums
subject of taxation rightly managed' so long as catchpenny.
Alone the tax would be
$165,000. Taking this as a fixed notions like this have
any consideration with paen of ordi¬
.yearly impost and compounding it at 4 per centj for illus¬ nary intelligence ?
taxing
power are not
unprecedented, however absurd, it
seems probable that, as to outside
companies, the tax would
be applied only to premiums on
policies issued on lives of
residents, and interest on property located in this State,
for no other construction could
.justify the words “received
“by such company in this State;” if a broad and general
construction were given, as
respects home companies a very
invidious discrimination by the State
against its own corpora¬
tions would be made.
Probably the intent is to confine the
need
not
take
space
41
*.
.
,
1
Makch
THE CHRONICLE.
20, 1880.]
287
\
THE
JC 1
,
The
DICTATOR
IN RUSSIA.
appointment of General Loris' Melikoff to the
direction of affairs in Russia, has revealed the
gravity of the situation and the weakness of the Govern¬
ment in presence of the domestic enemy more than any
supreme
these revolutionary
So absolute is the authority intrusted to
other event since the commencement of
disturbances.
being he is raised above the
Gzar himself, having all the powers of all the departments
of the Government, and being complete master of life,
liberty, and property.
An experiment of this kind would not be resorted to
eicept under circumstances of exceptional difficulty. Such
circumstances were not uncommon in the later days of
the ancient Roman Commonwealth; and in more recent
times the *role of Dictator has been played by such men it is not unreasonable to take it for granted, judging from
as Cromwell and the elder Napoleon.
It is, however, we the known character of Melikoff and the information thus
believe, the first occasion that a great monarch has volun¬ far received of his acts since his appointment, that when,
tarily handed over all his power to one of his subjects. he shall have completed all the necessary inquiries, he will be
And yet confessedly the circumstances were sufficiently disposed and able to make changes in the relations of the.
grave to justify an unusual remedy. Not since the out. Government to the people, which may lead to the amelio¬
bteak of the great French revolution at the close of last ration of the condition of the Russian people, and to the
century has there been such a reign of terror as that now peace and prosperity of the empire.
and for some time past existing in Russia.
The lives of
many public men have been sacrificed; attempts have
TAXING
OF NATIONAL BANKS.
again and again been made on the Emperor’s life; much
public and valuable property has been destroyed; and in
Mr. Williams, President of the National Albany
spite of the severe examples which have been made by the Exchange Bank, has addressed the following letter to
Government, the conspirators continue to be fearless and banks and bankers in relation to the late decisions in the
boldly assert the inflexibility of their purpose. It was Supreme Court on the question of taxing bank shares.
necessary that some extreme, some unusual course should
Albany, March 13,1880.
be adopted.
The decisions
this
*
’■
.
'
Commission, of which he is chief, has there"
fore been divided into two parts—the one having for itg
object the suppression of the revolution, and the other
devoting iftself to an investigation of the political condition of
the empire. Evidence of his determination to hold the revo¬
lutionary spirits in check is furnished by the fact that St.
Petersburg is, after a census has been taken, to be cleared
of all people who are without a fixed occupation or the
requisite means of subsistence. In the matter of investi¬
gation he will be assisted by some of the leading ministers,
and also by the members of the City Council.
He is thus
attempting to interest all the executive forces of the empire
in the work of keeping the peace.
- ;
It will necessarily be some time before the Commission
shall be able to complete the second part of its duty.
But,
The Executive
man
that for the time
lately rendered by the Supreme Court of the
brought by the subscriber to
qualified by character and by experience for the difficult test the legality of the methods and extent of the exactions
and hazardous task he has undertaken.
An Armenian by upon bank shares and capital, under the name of assessment
descent, he preserves many of the characteristics which and taxation, establishes the following principles as settled
have given the children of that race prominence all over law, viz.:
1st. That the taxation of shares of national banks must 44 not
the East. Up until the recent war he was unknown to
be greater,” including the entire process of assessment and the
fame, and lived quietly with his family in St. Petersburg.
rate of tax, 44 than is assessed upon'other moneyed capital.”
His brilliant services against the Turks immediately com.
2d. That the law of our State (act of April 23,1866), under
manded attention and marked him out for distinction. which bank shares have heretofore been assessed and taxed, is
It is admitted
When the
5
on
all hands that General Melikoff is well
plague broke out at Wetlianka his powers of
management and organization were again conspicuously
revealed; and in dealing with the famine he displayed as
much energy and capability as he had formerly don$ on the
field of battle.
Since the present troubles began he was
appointed to the supreme command at Kharkoff, and dur¬
ing his rule at that place, which extended over several
months, there was not one single outbreak of disturbance,
so completely were the revolutionary spirits held in check
In his new position he is apparently acting wi£h his former
tact and skill.
The reports have been somewhat contra,
dictory, but there is good reason for believing that the
situation is already considerably improved.
It is asserted
that the system of wholesale arrests practiced last year has
been discontinued and that a much greater latitude has
been allowed the press.
In fact, the latest advices show'
that General Melikoff, more fully than any of his compeers,
comprehends the situation.
Taking it for granted that
there must be wrong where there is so much discontent,
he sees that the policy of repression, hitherto pursued, will
never work a radical cure. He sees with
equal clearness, that
to make concessions in present circumstances, would be to
lend encouragement to the revolutionary spirit.
He has,
therefore, wisely decided that while, with a firm and
steady hand, he will’stamp out the rebellion, he will at the
same time ascertain the causes of the
prevailing discon¬
tent.
By such a course he disarms the revolutionary
forces, because he holds out the prospect of redress.
United States in the two cases
44
void
as
to the shares of national banks.”
From these
viz.:
points established the following flow as corollary,
,
special and separate assessment of bank shares is
root and branch.
2d. Under our present laws the shares of banks can only be
assessed and taxed to the owner or holder thereof at the place
of his residence, if within this State.
3d. The Legislature can pass no valid law subjecting shares
to special and separate taxation, as distinct from the other per¬
sonal property of the owner, if such law shall result in subject¬
ing the shares to a greater burden of tax than other personal
property of the citizen is subjected to.
4th. The Legislature must abandon the attempt to assess
and tax bank shares by any process or method other than by
including them in the valuation of the personal property of
the.owner in assessing taxes,” precisely as is done with all other
moneyed capital.
The following reflections seem justified from the foregoing
premises:
1st. The shares of national banks are, under the legislation
of Congress and the decisions of the United States Court, sub¬
ject to State taxation by their being 44 included in the valuation
of the personal property of their owner in the assessment of
taxes,” provided the 44 taxation shall not be at a greater rate
than is assessed upon other moneyed capital in the hands of the
individual citizen ”—meaning clearly, that they may be taxed
by the same methods, and in the same manner, and at the same
rates, subject to the same rights and immunities, as other per¬
sonal property generally.
1 ,
2d. Since the taxation of the shares is clearly permissible
only in the manner and at the rate above stated, the Legisla¬
ture can be moved to adopt a different process or method only
1st. The
cut up,
44
•
THE CHRONICLE
288
to greater taxation
stated was adopted.
•3d. It follows also that the Legislature cannot adopt a
method which shall ensure all the shares in national banks
being placed upon the assessors* rolls, while it fails of measures
to assure all the 'personal property of the individual citizen
being so placed, although th$ other restrictions as to valuation
and the rate of tax may be complied with; so that it is manifest
that any process or method of assessment and taxation, other
than by including the shares in the valuation of the personal
property of the owner, would be adopted at the imminent peril
4£0rante*xial
from the purpose to subject such shares
than would be the case if the method above
Hems.
Imposts
and Exports fob the Week.—-The
imports of last
compared with those of the preceding week, show
a
decrease in both dry goods and general merchandise.
The total imports were $9,910,917, against $13,878,046 the pre¬
ceding week and $7,848,877 two weeks previous. The exports
for the week ended Mar. 16 amounted to $6,932,979, against
$7,775,954 last week and $5,293,449 the previous week. The
following are. the imports at New York for the week ending
(for dry goods) Mar. 11 and for the week ending (for genenu
merchandise) Mar. 12:
week,
It would appear that the experience of the
of its overthrow.
fVoi. XAX.
8129——SSttrr..
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1878.
1879.
1880.
$2,087,600
$1,894,838
$2,739,551
General mdse...
$2,768,815
5,458,961
4,881,186
4,336,266
7,142,102
Total week
Prev. reported..
$7,546,561
$6,776*024
$7,075,817
$9,910,917
57,804,299
91,361,841
Dry Goods
Btate in its two attempts to subject banks to unjustly discrim¬
inative taxation ought to suffice.
4th. While the points decided and the results as stated apply
\
1877.
61,303,163
56,532,247
legally at present only to the national banks, it is beyond doubt Total s’ee Jan. 1. $68,849,724 $63,308,271 $64,880,116 $101,272,758
Legislature will place all State institutions on the same
In our report of the dry goods trade will be found the imports
footing.
of dry goods for one week later.
The following is a statement of the exports (exclusive of
Experience has shown us that in deference to a'mistaken prej¬
udice in the public mind against the banks, our State courts specie) from the port of New York to foreign ports for the
week ending Mar. 16:
have been ready to uphold any exactions upon them that the
EXPORTS FROM NEW YORK FOR THB WEEK.
Legislature might adopt; and it becomes all bankers and bank¬
1878.
1877.
1879.
1880
$8,154,874
$5,900,575
book holders to watch with vigilance, and to resist with earnest¬ For the week.... $4,794,472
$6,932,979
Prev. reported..
51,905,530
60,093,817
67,032,911
61,427,737
ness, any legislation to subject them to special taxation in whatthat the
r
Total s’ce Jan. 1.
•ever manner..
$56,700,002 $75,187,785
$65,994,392 $68,360,716
The following will show the exports of specie from the port
of New York for the week ending Mar. 13, and also a com¬
The indifference of the bankers of the State to, and their
supine acquiescence in, the unequal and unjust exactions made
parison of the total since Jan. 1, 1880, with the corresponding
upon them under the act of 1866, as interpreted by our courts totals for several previous years:
in the Cagger case, have resulted in fastening upon them this March.
#4—Str. Andes
Port-au-Prince
Am. silv. coin..
$6,525
flagrant injustice for fourteen years now. It is an amazing 11—Str. Baltio
82,095
Liverpool
...Mex. silv. dole.
fact when viewed with reference to the manifest wrong of that
Bankers,
interpretation.
than others, can exempt
vigilance the price of
rights, we cannot expect they
no more
themselves from the rule which makes
liberty. If
we
fail to demand
our
Tot.since Jan. 1, ’80
Very respectfully,
assessors.
©tframetxiaX English Hews
English Market Reports—Per Gable.
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown inJ
the following summary:
Monty and Stock Market.—The bullion in the Bank
-of England has increased £324,000 daring the week.
Sat.
Mar.
13.
Tues.
Mar.
16.
Mon.
Mar.
15.
Wed.
Mar.
17.
Mar.
18.
..d. 51*8
Silver, per oz
51i6l6 52
52ii6
Consols for money..
97%
971316 9711x6 9713,6
Consols for account
97i518 97i5l6 9713x6 97iB16
C. S. 5s of 1881
....1051s
105%
105%
105%
U. S. 4*28 of 1891... ....110
110
110%
110%
tJ. S. 4s of 1907
....109
109%
109% x!08%
46
Erie, common stock.
46%
46%
45%
Illinois Central
105
104%
....105%
104%
53
Pennsylvania
52%
53%
35
Philadelphia& Reading. 35*4
35%
...
....
105%
110%
108%
45%
104%
....
53
35
....
....
Sat.
s.
d.
Plonr (ex. State) #cent’1.15
Wheat,8pr’g,No.2,1001b.ll
“
10
Spring,No. 3...
Winter/West. ,n.
“
11
Southern,
new.
“
11
Av. Cal. white..
California club.
“
10
“
11
Corn, mix.,W.old# cent’l 5
do
do
new.
“
5
Tues.
8.
d.
15 6
3
15 3
11 1
0
10 11
10 8
7
10 7
11
8
7
11 7
11 10
11 9
9
10
10 11
10 10
4
11 4
11 5
10% 5 10% 5 11%
9% 5 9*3 5 10%
Mon.
8.
d.
19.
52%
523x6
971&X6
98ii6
.
Liverpool Cotton Market.—See special report
Liverpool Breadstuffs Market.—
Fri.
Mar.
Thurs.
981x6
983x6
105
110%
108%
•pjle
104%
53%
35%
Sat.
d.
Pork, West, mess.. $bbl.57
Bacon, long clear, cwt.. 35
f
Short clear
Beef,
pr. mess, $
M
37
tierce.76
Lard, prime West. $tcwt.39
Cheese. Am. choice “ 70
0
6
0
0
Mon.
d.
8.
Tues.
57
57
0
6
0
0
35
37
76
39
69
6
0
35
37
76
39
69
3
0
Wed.
8.
d.
Thurs.
8.
d.
57
0
57
35
6
0
0
3
0
35
37
37
76
39
70
8.
15
d.
6
10 11
10 6
11 6
11 8
1011
11 5
6 1
6 0%
76
39
71
0
6
0
0
3
0
Fri
8.
d.
57
0
35
36
76
39
71
6
6
0
0
0
..
..
Mon.
Tues.
d.
d.
6*8
..
9
9
..
..
9
..
Wed.
Thurs.
d.
d.
6
....
®6%
9
March.
8—Str.
7,439,864
14,167,724
follows:
Acapulco
...
.U. S. of Colombia... Am. silv. coin..
Am. gold coin..
For. silv. coin..
8—Str. Flamborough... .Porto Rico
C. of Alexandria.Mexico
..
..
..
9
9
..
....
Fri.
d.
6
9
398
2,290
2,750
Am. silv. coin..
3,310
590
Am. gold coin..
For. silv. coin..
For. gold coin..
150
4,946
2,700
Am. silv. coin..
3,946
6,246
213,419
7,913
620
-Bermuda
British West Indies.For. gold coin..
9—Str. C. of Richmond..England
For. silv. coin..
8,076
British West Indies. Am. silv. coin..
1,102
gold coin..
2,200
500
.Am. silv. coin..
1,000
coin..
2,920
973
For.
9—Str. C. of Dallas
9—Schr. Irwin Leslie
9—str. Felicia
11—Str. Alps
Hayti
Am. silv. coin..
Venezuela
British West Indies. Am. silv.
Am. gold
Hayti..:
Am. silv.
Hayti
Am. silv.
coin..
coin..
coin..
U. S. of Colombia...Am. silv. coin.
Am. gold com..
For. silv. coin..
Gold dust
•
British West Indies. Am. gold coin..
Canima
%
8
40,832
3,054
160
40
1,000
500
772
*
....
$316,269
1,867,721
Tot. since Jan. 1, »80 ($1,310,733 silv., and $873,257 gold)....$2,183,990
Same time inSame time in—
Same time in$2,748,378
1879
$3,149,813 1871
$2,508,336 1875
3,931,813
1878
1,034,306 1870
4,152,535 1874
3,611*712
1877
641,891 1869
3,735,496 1873
1,126,015
1876
535,619 1868.....
916,437 1872
The following table .shows the receipts and payments at the
Sub-Treasury in this city, as well as the balances in the same,
for each day of the past week:
l oiai......
..
$3,854
Gold bars
Gold dust
Am. gold coin..
For. silv. coin..
For. gold coin..
Silver bullion..
Mar. 13...
“
15...
“
16...
“
17...
“
IS...
“
19...
London Petroleum Market.—
Sat.
d.
PetTeum, ref. # gal... 9 ..
Pet’leum, spirits “
9
6,375,362
1869
1868
and $31,608 gold)
Previously reported ($1,026,072 silv., and $841,649 gold)
Fri.
Thurs.
8.
d.
15 6
11 1
11 0
10 8
10 7
11 8
11 7
11 10
11 9
10 11
10 11
11 5
11 5
511% 6 1
5 10% 6 0
d.
0
6
0
0
3
0
8.
1870
Total for the week ($284,661 silver,
Wed.
8.
d.
15 6
Liverpool Provisions Market.—
8.
Same time in1871
$13,389,016
imports of specie at this port for the same periods hare
as
11—Str. Claribel
Alvo
45%
cotton.
cm
Same time in1875
$15,647,063
1874
7,100,267
1873
13,675,604
1872
4,613,385
{$„" be included to the previou8 week’8 exhibit-where u proI>erly
’-sms——sa-as—s—————been
London
2,000
* This steamer’s return, the Custom House report says, was received
I
The
Fr’ch silv. coin.
($1,398,295 silv., and $1,252,200 gold) ..$2,650,493
Same time in1879
$3,986,364
1878
2,438,827
1877
3,212,177
1876
10,106,865
.
Williams.
128,000
2,600
($93,220 silver, and $128,000 gold)
$221,220
Previously reported ($1,305,075 silv., and $1,124,200 gold) .'. 2,429,275
pleasure in stating that he regards him¬
self as having succeeded in all he had attempted as plaintiff in
these suits, excepting the recovery of the money wrongfully
taken from him under this unjust act, and the admitted (even
by our own courts, which upheld the law) unjust proceedings
■
London
Paris
Total
will be conceded.
The subscriber takes
of the
Span. douhVns.
Eng silv. coin.
Havs^a
11—Str. Silesia
Balances.
Payments.
Receipts.
$
$
897,055 03
1,525,613 04
1,219,038 89
2,287,785 86
852,152 15
702,732 40
n A
i
vjrr
i
i
q?
O
«
859,505
1,708,891
573,714
485,519
845,483
1,885,088
26
42
50
07
25
05
6 QKQ Oft,
*5
Gold.
Currency.
$
;
5,803,853 73
5,039,130 68
103,513,856 31 5,033,616 74
104,763.705 13 5,586,034 63
104,807,519 49 5,548,889 17
103,618,721 74 5,555.331 27
$
102,281,573 31
102,863,017 98
March
Statement
289
THE CHRONICLE.
20, 1880.]
of the Comptroller of
the Currency on March 1,
Legal
1880, showing the amounts of National Bank notes and of
Tender notes outstanding at the dates of the passage of the
Acts of June 20, 1874, January 14, 1875, and May 31, 1878,
Boston
banks for
Banks.—The
a
following
are
the totals of the Boston-
series of weeks past:
Specie.
Loans.
L. Tenders. Deposits* Circulation.
Agg.Clear.-
45,818,300
47,210,000
57,ll9,771
Oct^O..
120,2^5,100 3,251,100
3,2^2,900
13.. 120,903,100
27,830,240
27,973,000 55,017,710.
20..
128,015,000
3,254,200 4,582,900 48,003,400 28,146,300 64,281,244
together with the amounts outstanding at date,
27.. 130,191,300
8,240,300 4,528,800 48,907,100 28,372,700 00,499,802increase or decrease:
Nov. 3.. 132,050,100
8,215,000 4,480,500 49,152,400 28,557,300 05,241,372
National Bank Notes—
10.. 133.491,100
3,245,400 4,370.200
51,108,100 29,041,000 09,800,177
17.. 132,427,100
8,300,800 3,892,800 51,724,400 29,311,100 71,780,580
$349,894,182
Amount outstanding June 20,1874
131,932,200
3,347,200 8,540,700 50,709,100 29,554,300 70,305,582
Amount outstanding January 14, 1875
351,861,450 Dec. 24..
1.. 131,484,000
3,572,800 8,594,900 50,085,200 20,865,300 50,107,558
322,555,965
Amount outstanding May 31,1878
8.. 131,040,900
3,082,000 8,474,900 50,802,500 30,289,000 09,074,985
Amount outstanding at date*
342,210,867
15.. 130,931,700
4,329,000 3,014,800 50,137,300 30,007,100 05,753,821
Decrease during the last month
93,922
22.. 130,050,100
4,205,400 8,805,800 49,842,700 30,807,500 02,129,120
Increase since March 1, 1879
17,631,617
29.. 132,221,900
4.125,400 3,850,300 49,048,100 31,090,300 51,019,800
1880.
Legal Tender Notes—
5.. 133,827,200
3,941,400 4,093,400 50,379,000 31,101,800 00,207,539'
Amount outstanding June 20, 1874
$382,000,000 Jan. 12..
134,991,300
3,822,800 5,418,900 50,800,800 81,280,300 71,705,752
Amount outstanding January 14, 1875.
382,000,000
19.. 187,132,900
8,813,300 5,302,900 51,882,200 81,330,000 74,242,072
Amount retired under act of Jan. 14,1875, to May 31, *78
35,318,984
20..
3,857,100 5,435,700 52,051,000 31,385,900 08,009,822
Amount outstanding on and since May 31, 1878
346,681,016 Feb. 2.. 139,105,000
189,810,800
3,970,300 5,329,300 52,742,200 31,240,200 09,237,794
9..
Amount on deposit with the U. S. Treasurer to redeem
141,215,000 4,374,800
4,820,300 55,010,200 81,081,500 70,281,40910..
142,101,000
4,570,500 4,040,300 53,728,400 31,072,300 72,091,201
notes of insolvent and liquidating banks, and banks
24.. 140,028,500
4,488,400
53,005,200 31,003,400 47,305,800
18,365,257 Mar. 2.. 139,927,300 4,393,000 3,037,900
retiring circulation under Act of June 20,1874
52,793,300 31,052,000 50,500,135
Increase in deposit during the last month
1,658,887 “ 9.. 139,079,400 5,224,000 3,511,300
3,527,000 53,217,400 30,875,200 08,452,000’
Increase in deposit since March 1,1879
6,052,445
15.. 141,040,200
5,321,500 3,335,700 53,038,800 31,019,400 03,289,012
* Other than Government and banks, less Clearing-House checks.
Circulation of national gold banks, not inoluded in -the above,
$1,426,120.
Philadelphia Banks.—The totals of the Philadelphia bAfikfr
Col. Chic. & Ind. Central.—Messrs. R. T. Wilson, Adrian are as follows:
Loans. Lawful Money. Deposits. Circulation. Agg. Clear.
Iselin and W. Whitewright, the committee for first mortgage
1879.
.$
*
S
t
bondholders, have issued a circular in which they say that “ ir¬ Oct. 0
54,442,040 11,795,900 42.733.257
03,558,250
17,087.922
13
04,700,995
54,709,355
11,814,080 44,100,759'
17,235,309
20
05,942,232
54,812,858
11,853,039 52,258,037
respective of the lease by which they are
con¬
10,240,119
27
06,274,801
54,580,094
11,878,284 54,000,178
solidated bonds are selling at present for considerably less than
15,039,404
3
00.337,415
15,185.100
54,187,213 11,885,099
51,527,200
other railroad securities having no more or even less intrinsic Nov. 10
06,080,258
14,851.359
53,501.853
11.875,000 54,901,998
1?
05,977,180
14,010,42?
52,090,020
11,871,878
55,027,809
value.” They report the road’s earnings for six months ending
14.491,491
05.302.071
52 342.702
11,890.480 40,780,070
with February at $2,282,748 gross, and $725,237 net, against Dec. 241
14.958,053
52.053.503
04,581.278
11,932,035 43,148,041
8
15,049,003
04,050.103
52,118,471
11,992,523 64.548,184
$1,853,994 gross and $361,927 net for the corresponding period a
15
04,380,503
14,977,274
52,197.350
11.985.000 50,885,47764.724 308
14,754.053
51.582.397
12,011,733 50,800,337
22
year earlier. With regard to the suit, the committee gives
29...
04,775.731
14,447,092
51,203,835
12,021,200 42.399,083
following : “The judgment given for back rental was $2,769,- 1880.
000 ; out of this amount, as far as we can estimate, there will Jan. 5
04.331,710
15.003,259
52.600.250. 12,059.841 45.951.014
12
04,096.423
15,802,394
52,898,593
12,072.700 50,218,107
have to be applied to the payment 6'f overdue underlying cou¬
19
05,101,001
10,417,981
54,300,797
12,082,300 50,508,285
54,300,760
12,073.093 50,955,545
20
04,655.180
10,931,434
pons, to the liquidation of the balance due by your committee
64,972,032
17.213,347
54,503,582 12,008.233 42,903,541
for expenses and for reducing the debt in accordance with Feb. 2
9
54,072,059
12,076.263 48,053.900
65,070,329
17,120,173
06.888.134
12,050.483 40,890,00016
17.197,950
50,180,180
Judge Harlan’s decision, for legal expenses and for the settle¬
12,058,555
23
07,265,088
10,220,959
55,027,182
53,151,054
ment of various pending claims, about $1,700,000, leaving a
Mar. 1
07,318,205
15,773,938
55,122,311 12,093,000 89.982.846
balance of $1,069,000, or about 9 per cent on the outstanding
8
07.130,447
55,397,217
12,085,130 53.624.75S
10,250,179
12,073.945 42,189,611
15
07,404,233
10,731.502
55,941,988
certificates and bonds ($11,978,000). On the other hand, it will
be necessary to scale the certificates by 12 9-16 per cent in
—The Little Chief Mining Company has declared the
order to reduce them to the original amount of first mortgage monthly dividend, of which notice will be found in eur adver¬
bonds ($10,478,000). Should, therefore, the Pennsylvania Rail¬ tising columns. We are informed that the shipment from
road submit to Judge Harlan’s decision, or should this decision mine for the month of February amounted to 2,584 tons of ore*
be sustained by the Supreme Court of the United States, the In addition to this, about 350 tons more were smelted in the
bondholders would at least have their original bonds bearing works of the company. .The net proceeds amount to $149,634.
interest at 7 per cent from about 1st of April, 1880.
The average daily production has lately been from 105 to 110
“Should no settlement be effected with the Pennsylvania tons, and new hoisting works are contemplated which will
Railroad before the case is decided by the Supreme Court of the increase the production.
United States, there will then be the chance of the bondhold¬
—Attention is called to the card of Messrs. John H. Iselin &
ers recovering about $1,000,000 more than the amount of back
members of the Chicago Board of Trade, who notify
Co.,
rental allowed by Judge Harlan, our side having also appealed
interested that options at that Board are bought and sold by
from his decision in so far as it does not allow us the interest on
them for customers in this market. The senior member of this
the back rental from the time it was due, and does allow the
and the
“
4,838,000
4,931,500
“
“
“
“
“
“
“
“
“
“
“
“
“
“
“
.
“
*
guaranteed, the
“
“
“
“
“
..
“
the
“
“
“
“
“
“
“
“
“
“
“
regular
this
all
firm was formerly a partner of the well and favorably known
Pennsylvania Railroad to set off against this back rental the dry goods importing house of Messrs. Iselin, Neeser & Co.
second mortgage coupons which it holds. The reduction of the
—The fourth dividend has been declared by the “ Father De
debt having been effected almost entirely by the cancellation
of underlying bonds, the interest on those yet outstanding has Smet” consolidated gold mining company of 30 cents per share,
been reduced to $382,000 a year. All payments made by the to be paid at the office of Messrs. Laidlaw & Co., 12 Pme street*
Pennsylvania Railroad as net earnings in excess of this amount New York, on the 24th iAst.
will be applicable either to the liquidation of the indebtedness
—The Metropolitan Elevated Railroad Company has just
incurred by your committee, and of other claims, or to the pay¬ declared its second quarterly dividend of 2^ per cent on cap¬
ment of interest on the consolidated first mortgage bonds.”
ital stock, payable on April 1 at Central Trust Company’s offices*
this city.
Oregon Railway & Navigation Co.—Gross and net earnings
—The Chrysolite mining company has just declared its usual
for February, 1880 :
.
Gross.
Net.
monthly dividend, full particulars of which. will be found in our
Oregon Steam Navigation Co
$94,559
$38,815 advertising columns.
Oregon Steamship Co
41,832
12,382
Walla Walla & Colombia Railroad
Total
,
18,253
10,962
$154,644
$62,159
B INKING ANJ FIMNCIAL.
Proportion of net for Oregon Railway and Navigation Co.,
The total net earnings of the three companies for
February, 1879, was (net) $12,626.
St. Louis & San Francisco.—The board of directors organ¬
ized and elected General E. F. Winslow President, James D.
Fish, Vice-President, C. Littlefield, Secretary and Treasurer,
and C. M. Rogers, General Manager and Superintendent.
Southern Pacific.—This railroad was completed to Tucson,
FISK
$53,202.
'
6c
HATCH)
BANKERS,
AND
DEALERS
IN GOVERNMENT BONDS,
and other desirable
Investment Securities,
NO. 5 NASSAU STREET, N. Y.
March 17.
stockholders of the Warwick
Valley and Wawayanda railroads have voted to consolidate.
The new organization takes the ,name of The Warwick Valley
Railroad, and assumes all the obligations of both, amounting
to $210,000 bonded indebtedness, and is authorized to issue
Warwick Talley (N. Y.)—The
$340,000 in stock for old stock.
Washington City Virginia Midland & Great Southern.—
This railroad will be sold at auction in Alexandria, Va., under
a decree of the Circuit Court, on the 13th May next.
After the
sale the company will be reorganized upon the plan lately
adopted by committees of the bondholders.
Western & Atlantic.—The Atlanta Constitution has positive
information that the controlling interest in the Western &
Atlantic lease has been sold to the Central Railroad Company
of
Georgia. A controlling interest was bought some time ago
by President Cole for the Nashville Chattanooga & St. Loura,
and this, it is understood, was held by Col. Cole and not by the
ppfflpany.
small
Buy and sell all issues of Government Bonds, in large or
amounts, at current market prices, and will be pleased to furnish infor¬
mation in reference to all matters connected with investments in Gov¬
ernment Bonds.
We are
prepared to give information in
Securities and to execute
Buy and sell all
regard to first-class Railway
orders for the same.
marketable Stocks and Bonds on
Stock Exchange or in the open market.
Receive accounts of Banks, Bankers, Merchants,
commission, at the
and others, and allow
and for those keeping aocounts with us we
collect U. S. coupons and registered interest, and other coupons, divi¬
dends, &c., and credit without charge.
We give special attention to orders from Banks, Bankers, Institu¬
tions and investors out of the city, by MAIL or TELEGRAPH, to buy or
seU GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANE
STOCKS, RAILROAD STOCKS, and other securities.
We have issued the Seventh Edition of “ Memoranda Concerning Gov¬
ernment Bonds,” copies of which can be had on application.
interest on daily balances;
FISK & HATCH
22..44665——TThleie
290
THE CHRONICLE.
£Vol. XXX.
United States
glue junkers' Ofeette.
Bonds.—In Government securities the .busi¬
has been rather moderate and prices easier. A good many
ness
fives and sixes had accumulated here in
anticipation of possi¬
large
purchases
by
Secretary
Sherman,
and then the ab¬
Comptroller of the Currency furnishes the
sence of further reports of definite progress on the
following statement of National Banks organized :
3% per cent
Parkesburg National Bank, Parkesburg, Pa. Authorized bill, together with the stringency in money, have all combined
capital, $50,000; paid-in capital $40,000. Samuel R. Parke,
At the Treasury purchase on
President; R. Agnew Futhey, Cashier. Authorized to com¬ to make the tone a trifle easier.
mence business March 15, 1880.
Wednesday, the offerings of bonds amounted to $11,307,350,
First National Bank of Sioux Falls, Dakota. Authorized
capital. $50,000; paid-in capital, $30,000. Jackson B. Young, including sixes of 1880 at 103*85 to 104, sixes of 1881 at
105*37^
President; Harry L. Hollister, Cashier. Authorized to com¬
NATIONAL BANKS ORGANIZED.
ble
The United States
mence
to 105*62,
business March 15, 1880.
2,465—The Hyde National Bank of Titusville, Pa. Authorized canital,
$500,000, paid-in capital. $500,000. Charles Hyde, President;
W. C.
Hyde, Cashier.
Authorized to
commence
16, 1880.
business March
and fives of 1881 at 103*13 to 103*61. The awards
$2,000,000, consisting of sixes of 1881 at 105*37?£@105*44,
were
and fives at 103*13@103T8.
Closing prices at the N. Y. Board have been
DIVIDENDS.
The following: dividends have recently been announced:
as
follows:
Interest March March March March March March
13.
15.
16.
17.
18.
19,
Periods.
Name of
Company.
Per
Cent.
When
Books Closed.
Payable.
(Days inclusive.)
Railroads.
Coney Island & Brooklyn
Metropolitan Elevated~(quar.)
New York Elevated (quar)
Union Pacific (quar.)
3
2*2
2*2
1*9
April 15
April
1 Mar.
April
1 Mar.
1 Mar.
April
25 to Mar. 31
21 to April
1
21 to April
1
FRIDAY, MARCH 19, 1880-5 F. M.
Tlie Money Market and Financial Situation.
The
market
money
decidedly stringent in the early part of the week,
hut since Wednesday there has been a
perceptible increase in
the amount of money offering on good collaterals. The SubTreasury will begin on Monday next to pay the April interest
on
was
Government bonds, without rebate, and there is
.
6s, 1880..
6s, 1880..
6s, 1881.. ..:
6s, 1881..
5s, 1881..
5s, 1881..
4*23, 1891
reg. J.
coup. J.
reg. J.
J.
4*gs, 1891
4s, 1907..
coup.
...
4s,
6s,
6s,
6s,
6s,
68,
*
1907..
cur’cy,
cur’cy,
cur’cy,
cur’cy,
cur’cy,
&
&
&
&
J. *1033* *103% *103% *103% *103% *103%
J. *1033* *103% *103% *103% *103% *103%
J. *105*2 105% 105*2 105*4 105*4 *105*8
J. 105% 105% *10538 105*2 *105*4 *105*8
reg. Q.-Feb. *103*4 *103*4 *103*4 -103*8 *103
*103
Q.-Feb.
1033q *103*4 *103*4 *103*8 103
103
reg. Q.-Mar. *107*2
Q.-Mar.
reg. Q.-Jau.
Q.-Jan.
1895..reg. J. & J.
1896..reg. J. & J.
1897.. reg. J.
1898..reg.
1899..reg.
J.
J.
107% *107*2 *107*2 *107% *107%
107*2 107% *107%
107% 107% *107*2
1053* 105% 105%
*106% 106% *106%
*125
*125
*125*4
*125
*125
*125*4
*125
*125
*325*4
& J.
& J. *325
& J. *125.
*125
*125
*126
*126
105*2 *105*2
106*2 *106*2
105%
106%
*125
*125
*125*4
*125%
*125*4
*125*4
*125*; *12-2
*125
*125
*125
*122
*122
*122
*122*
■
This is the price bid; no sale was made at the Board.
an impression
The range in prices since Jan. 1, 1880, and the amount of each
quarters that the money market will probably not be¬ class of bonds
outstanding March 1, 1880, were as follows:
come more
stringent than it has been this week. This idea is
supported by the assertion that what is generally anticipated in
Amount March 1, 1880.
Range since Jan. 1, 1880.
financial circles is less likely to occur for that
Lowest.
Highest.
Registered.
Coupon.
very reason, and
that in the present instance large amounts of
Feb. 16 $14,722,000
ep. 1023i Jan. 13 104
money have been 6s, 1880
$3,507,000.
7 105*78 Mar.
taken by brokers on time loans. Another week will
6s, 1881
cp. 104*8 Jan.
2 181,379,050
63,552,650.
develop 58, 1881—cp. 103 Feb. 2 104 Jan. 29 290,703,050 210,715,850
more fully the
tendency of the monetary situation, and unless 4*23, 1891..cp. 1063b Jan. 2 109*4 Feb. 17 168,662,800 81,337,200
Jan.
2 107*4 Feb. 36 513,417,350 225,544,650'
1907
cp. 103
attempts are made to create an artificial stringeneyfor specula¬ 4s,
6s,our’ncy.reg. 125*2 Feb. 18 126*2 Feb. 17
64,623,512
tive purposes, it is quite possible that an easier market will
be
Closing prices of securities in London for three weeks past and
experienced.
the range since January 1, 1880, were as follows:
The importation of foreign goods cqntinues on so
large a scale,
and the exports of produce are so retarded
by the higher prices
Range since Jan. 1,1880.
Mar. Mar. Mar.
of our markets, that there is considerable talk of an
export of
5.
12.
19.
Lowest.
Highest.
gold. This may occur, but we do not anticipate it, for even
U. 8. 5s of 1881
105
105
Mar. 19 106% Jan. 12
105%
105*8
should the imports keep up at a larger volume than
110*4 110
110*4 10978 Jan. 2 111*2 Feb. 10
exports, the U. S. 4*28 of 1891
U. 8. 4s of 1907
1093a 109*8 x08*4 106*4 Jan. 2 109% Feb. 19
movement in securities is to betaken into
consideration, and the
favorable outlook for all our railroad properties is such as to
State and Railroad Bonds.—The transactions in State bonds.
make a ready market for them abroad. In the case
only of the are quite moderate, and the better bonds of the Southern list,
Syndicate transactions in New York Central & Hudson stock and are well
supported by a home demand. In railroad bonds
Southern Pacific railroad bonds, if it be assumed that threethere is less speculative business, but the investment bonds are
fourths of the stock and most of the bonds were
placed abroad, kept up to very high prices, and even the 6 per cent bonds haye
we have an export
amounting to about $33,000,000. And these nearly all advanced above
par.
were but isolated transactions, while it is known that the
foreign
Messrs. A. H. Muller & Son sold the following at auction :
banking houses have a steady business in American securities
*
Shares.
Bonds.
which in the aggregate sometimes runs up to large figures.
10 Jefferson Tns
165
$5,000 State of N. H. 6s, due
The money market has been
6 Mechanics’ Bank’g Asso. 80*2
July 1,1880....1
1023s
tight, and borrowers on stock
8 N. Y. Gaslight Co
106
15,000 United N. J. RR. &
collaterals have paid 6 per cent, and
Canal Co*. 6s, gold bonds,
frequently a commission 100 Manhattan Gaslight Co.. 172
50 German-American Bank. 83
due 1901
of 1-32 to 1-16 per day in addition. Government bond dealers
114*4
100 Chic. & Can. So. RR
15
2,000 Chic. & Can. So. RR. ‘
have paid 4@5 per cent, and
Bonds.
1st mort
‘52*2
during the past two days they
$300 Jefferson Ins. scrip:'..'.. 71 '
10,000 Rahway City 7s, De¬
report a great abundance of money offered at the lower rate ;
20,000 Rahway City 6s, due
cember,
1878, coupons
it was reported, in connection with this, that one of the
-on..Aug. 1,1886, Feb., 1880, *
$2,800
largest
coupons on
$12,000
stock operators had called in loans
early in the week, presumably
'Railroad and Miscellaneous Stecks.^-The stock market
for the purpose of increasing the
stringency. Prime commer¬ has
been feverish and unsettled, but closes without any great
cial paper is quoted at 5@6 per cent. in prices on the general list. The present stringency
The Bank of England on
Thursday showed a gain of £324,- change
in
money, and the fear of a much closer market about the 1st
000 in specie for the week, but the
percentage of reserve was of
April, has been, unquestionably, the principal cause for the
45 13-16, against 47Vs per cent last week.
The discount rate
weaker
tone which has frequently been shown; but, as we re»
remains at 3 per cent. The Bank of France showed a
gain for mark
above, it is quite possible that the pressure in money,
the week of 23,189,000 francs.
which is anticipated may not, in fact, be experienced. .
The last statement of the New York City
The coal stocks, under the influence of a further advance in
Clearing-House
banks, issued March 13, showed a decrease of $329,500 in anthracite, have been well maintained. The Vanderbilt stocks
the excess above their 25 per cent
legal reserve, the whole of such are 1(9)2 per cent off from the prices of last week, but in their
earnings for the past three months these roads have, no doubt,
excess being $1,985,050,
against $2,314,550 the previous week.
shown a large increase. Quicksilver preferred has advanced to
The following table shows the
changes from the previous week 76^@77^, which is said to be due to the expectation that the
and a comparison with the two
holders of this stock will soon receive back dividends since 1870,
'
preceding years.
amounting, with interest,'to about fifty-six per cent. The
1880.
Differ’nees fr’m
1879.
1878.
amount of dividend will depend upon the report of the referee,
Mar. 13.
previous week.
March 15.
March 16.
which is expected soon. Nashville Chattanooga & St. Louis
Loans and dis. $297,256,900 Inc. $121,400
$246,324,500 $242,978,900 closes at 93, against 100^ as the best price a week ago and
fitoecie
57,927,900 Dec.
127,100
17.312.400
39,545.900 125/6 on March 6.
The stock was kept up as long as possible
Circulation
20,967,100 Dec.
35,000
19,335,200
19,910,700
Net deposits
270,381,000 Dec. 1,102.400 210,563.300 215,035,100 by a pool, but finally broke, and the pool brokers unfortunately
broke with it.
Legal tenders.
11,652,400 Doc.
47»,000
f1
39.173.400
\
30,326,200
A street report says that the managers of the Louisville &.
Legal reserve. $67,595,250 Dec. $275,600 $52,640,825 :$53,771,275
Reserve held.
69,580,300 Dec.
605,100
56,485,800 : 69,872,100 Nashville Railroad Company propose to increase* the capital of
their road from $9,000,000 to $20,000,000, and to offer the
Surplus
$1,985,050 Dec. $329,500
$3,844,975 $16,100,825
$11,000,000 additional stoqk to present holders at 50 per cent.
in
some
t
.
-
.
.
•
*
•
—
(
..
.
.
THE CHRONICLE.
1880.]
March 20,
291
The latest railroad
$5,500,000 cash, with which, it is
earnings and the totals from Jan. 1 to
said, they propose to pay off the debentures. Vice-President latest dates are given below. The statement includes the gross
Newcomb, of the Louisville & Nashville, says of the Ohio &
Mississippi: “ We have never invested one dollar in the stock of earnings of all railroads from which Returns can be obtained.
the Ohio & Mississippi Road as a company, nor have I individu¬ The columns under the heading “ Jan. 1 to latest date” furnish
ally.” Ohio & Mississippi, however, advanced again above 40 the gross earnings from Jan. 1 to, and including, the period
and closes at 39%.
mentioned in the second column.
This will
give the
company
The Gould stocks have been among the steadiest, and on a
small business show moderate fluctuations.
Mr. Cyrus W.
Latest
Field has
resigned the presidency of the Wabash St. Louis &
Pacific as well as the New York Elevated, intending to retire
from active business. There is nothing new in the telegraph
war, and it is useless to predict any particular results to either
company until something further is settled by the profuse liti¬
gation.
The daily highest and lowest prices have been as follows:
Saturday,
l March
Am. Dist. Tel.
73%
75%
74
....
Do
104
-pref.
104
93% 94%
Chic.&N. W..
Do
pref. 107% 107%
Chic.R. I.&P. *152 154
Ch.St.L.&N.O. 39
40%
Chic.St.P.&M. 55% 56
Clev.C. C.&I. 79
79%
Col.Chic.&I.C.
Del.&H.Canal
Del.Lack.&W.
Han.&St. Jo..
Do
17% 18
82% 84%
91% 92%
37% 38%
71% 71%
85% 87;'
102% 102;
33% 36%
108% 109%
152% 155
51% 52%
11
11%
pref.
Hous.&Tex.C.
Illinois Cent..
Lake Erie&W.
Lake Shore....
Louisv.&Nash
Manhattan....
Mar.&G.lst pf.
Do
2d prf.
8%
Mich.Central,.
8%
9)% 92%
24% 25
73
73
73
45% 42% 43
66% 65
86% 83% 85!
—
80% 79
23% 23%
32% *31
32%
25
25
25% 24% 24%
107
107
106% 106%
143
141
145
142% *
81
81% 80% 81%
104
104- 104% 104% 104% 104%
9
95;
93% 95% 93% 94'
106
107% 106% 107
106% 106
154
155
154% 155
154% 154%
40
40
38
40% 38
38%
56
54% 55%
79
78% 79
17
17% 18
17%
83% 84%
82% 83%
92
91%
92
OQ
35% 86%
71% 72
69% 70
80
82
85% 87:
102% 103
101% 102
101% 102
35
85
36% 37% 35% 37
108% 109% 107% 108% 107% 108
155
157
156
158
154% 155
54
52% 54i
57% 50
53%
1
m
ii%
12% 12%
11% 11%
43%
65%
85%
87;
81-1
80%
23% 23%
32% 32%
45%
67
_
*
....
....
8
92
25
8“
8
90% 92
90
If*
St.L.A.&T.H.
Do
75
73
52%
49X 51%
60%
pref.
St.L.&S.Fran.
Do
pref.
Do 1st prf.
St.P.*8iouxC.
Do
pref.
61
43%
57%
68" 69"
*2%
the
are
42%
57J-
3
41*.
78
3
90*.
3%
91
91%
43% 44% 48)
68% 69% 67H
111 111% 107
no
157
37
79
17'
83
92
17%
84%
83%
86%
70%
80%
101%
35%
107%
37%
7(%
55
g*
77%
93
85
83
9i% 92"
68% 68%
.!»*£*
68% 69%
20% 20%
57% 60%
42% 43%
56% 56%
79% 79%
41% 43
77
108
94
43%
2£
91
915
43% 44\
68% 695
107% 108%
.
*
sale was made at the Board.
Range for
Year 1879.
4,750
64% Mar.
380
Chic. Burl. & Quincy
Chic. Mil. & St.P-...
Do
do
pref.
Cliic. & Northw
Do
do
1
74% Jan. 14
79% Jan. 23 90 M Mar. 8
2 llOMFeb. 20
99% Jan.
43,860
Chicago & Alton
pref.
2,390 136 Jan.
51,000 75 M Jan.
4,427 100% Jan.
99,816 88% Feb.
2,900 104 Feb.
Cliic. Rock Isl. & Pac.
1,770 149
Col. Chic.& Ind.Cent.
16%
6,525
Del. & Hudson Canal
7018
22,413
Del. Lack. & Western 107,440
83
Hannibal & St. Jo...
18,950 33M
do pref.
Do
15,370 64
Illinois Central
3,200 99%
Lake Erie <fc Western
20%
31,685
Lake Shore
9818
51,502
Louisville & Nashv-.
6,370 86%
Manhattan
95,177 41%
Michigan Central.... 20,530 88 *4
Missouri Kan. &Tex.
50,500 32
Morris & Essex
1,580 10134
Nashv. Chatt. & St. L.
56,920 76
N.Y. Cent* &Hud.Riv
13,810 129
N.Y. Lake E.& West. 256,596
417e
—......
Do
do pref.
Northern Pacific
Do
pref.
....
4,100
4,670
6,238
67%
.
31
53
Ohio & Mississippi.. 178,985
28%
Pacific Mail
36%
171,532
Pauama
168
Phila. & Reading
64
25,400
St.L.Iron Mt.&South.
54,536 49%
St. L.& San Francisco
3,350 40
Do
pref.
1,250 49M
Do
1st pref.
745
68%
Union Pacific84%
13,743
Wab/ St. L. & Pacific
40,960 42
Do *
do pref.
65
61,100
Western Union Tel...
931052 99%
..
....
-
v~*
Range from Sept. 25.
Highest.
Jan.
Mar.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mar.
Feb.
2
5
2
11
10
2
5
12
2
152
8
Mar. 19
95% Mar. 15
8
107% Jan.
163
2518
85%
94%
42%
2
7 76
2 105%
2 3838
5 inis
8 163%
3 57%
11
95
2 49M
6 110%
Jan.
Jan.
Jan. 21 128
Jan. 31 135
5 49 %
Jan.
Jan. 20 7378
Mar. 19 36
Feb. 10 60
5 44ig
Jan.
5 62
Jan.
Jan.
2 185
Feb. 11
7238
2 66 ~
Jan.
Jan.
5 48
2 60%
Jan.
2 83%
Jan.
6 9738
Jan.
1
48
Mar.
2 72^8
Jan.
6 116M
Jan.
t Range from July 30.
High
45M
33%
78%
8978
100M
Jan. 26 HIM 134%
82% Mar.
105
Low.
75
1,147,173
33,662
265,002
343s 82%
7434 102%
49M 94%
767s 108
Mar. 19 119
150%
5
28
Jan. 26
Mar. 10 38
89%
94
Mar. 8 43
Feb. 24 13% 41%
Feb. 24 34
70%
Jan. 21 79 M 100%
28%
Mar. ■4 *16
108
Mar. 4 67
89%
Mar; 5 35
Mar. 16 35
72%
Mar.
5 73% 98
53s 35%
Jan. 27
Feb. 28 75M 104%
Mar. 5 35M 83
Jan.
8 112
139
Feb. 2 21% 49
Feb. 2 37M 78%
Jan. 14 t 16
10%
Jan. 13 t44M 65
7% 33%
Mar. 6
8
Mar.
103s 39%
182
Feb. 17 123
3
Jan.
56
Feb. 17 13
Feb.
2
3M 53
4M 60%
Mar. 8
9% 78%
Mar. 9
Jan. 19 57M 95
Jan. 27
Jan. 27
Feb. 24 8898 116
1,296,381
34,481
37,908
2,145,857
190,760
809,824
1,105,098
147,132
1,342,312
1,897,944
176,608
118,286
590,189
52,622
88,063
135,914
163,239
175,660
114.930
1,554,869
745,261
369,056
260,746
844,459
202,654
186.930
365,594
58,061
48,597
983,689
62,235
496,428
80,869
445,187
157,279
23,5874,235,116
1,147,173
265^602
212,748
224,307
212,748
957,215
79,549
114,451
220,945
117,470
79,549
140,899
1,173,263
483,298
22,400,
769,755
209,380
23,431
44,658
7,108
6,638
4,269
2,773
5,503
Rensselaer & Sar. January...
114,451
St.L.Alt.&T.H. ..1stwkMar
22,362
Do
(brehs). 1st wkMar
St.L.IronMt.&S. 1st wkMar
St.L. & Sau Fran.2d wk Mar.
St.Paul & Duluth. January...
124.830
41,100
96,565
23,431
38,190
1371645
.
94,024
Southern Minn...January...
Tol.Peoria&War.2d wkMar.
Union Pacific ....11 dysMar
Wab. St. L.&Pac.lst wkMar
Wisconsin Cent. ..February .
Wisconsin Valley. 1st wk Alar
14,414
10,704
12,370-
.
St.P.Minu.&Man.February
St.Paul&S.City..February
Scioto Valley ....1stwk Mar
........
66,976
4,942
6,201
50,128
27,712
37,151
22,004
585,165
425,325
85,171
6,821
54,806
3,311
136,474
198,385
38,190
317,884
195,893
47,964
50,128
252,615
1,741,391
177,82^
81,672
43,123
41,392’
25,435
2,o43,42d
103,353
140,521
46,099
37,151
216,869
1,303,510
111,449
Exchange.—Foreign exchange has been strong daring most
ot the week, though hardly as firm to-day. The actual rates
for bankers' 60-days sterling bills are .4 85@4 85% and for de¬
mand 4 88@4 88/£. Some of the bankers talk of an export of
specie, but we hardly look for such a movement to any con¬
siderable amount.
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah—buy¬
selling %
ing %, selling % premium ; Charleston, buying
;
New Orleans, commercial, 1*50 premium, bank 2*50 .premium ;
St. Louis, 50 discount; Chicago, weak, 75@80c. discount; and
Boston, 25c. discount.
Quotations for foreign exchange are as
follows
:
Demand.
March 19.
Sixty Days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
4 84%@4 85
4 84%@4 84%
Gnnd p.ninmp/rmal
4
83%@4 84%
4
DnpnmftTit.n.ry rmumerrial
4 83M@4 83%
5 20983)5 18%
5 21M@5 19%
5 20%3>5 18%
40 @ 40%
4
5
5
5
Paris
i
(francs*)
Antwerp (francs)
(franes)
Amsterdam (guilders)
Hamburg (rp.ip.hmarks)
-
Swiss
•
Frankfurt (rfti dim arks)
.
Bremen (rpir.hmarks)
Berlin (reichmarks)
are quotations
Sovereigns;
$4 82 @$4 88
Napoleons
3 82 @ 3 87
X X Reichmark8. 4 72 @ 4 78
X Guilders
3 92 'S' 4 00
Span’ll Doubloons. 15 80 @16 00
Mex. Doubloons.. 15 45 @15 65
Fine silver bars
1 14 @ 1 15
Fine gold bars.... %prem. @ %prem.
The
following
..
-
17,694
16,979
157^916
202,314
163,239*
257,950
20,728
114,930
103,139
164,694 1,685,689
779,243
86,617
432,290
47,486
319,041
260,746
368.568
879,909
98,353
239,559
193,057
21,044
355,649
27,305
78,019
58,061
13,471
6,964
30,053
23,579
88,447
102,575 1,391,074
100,400
6,607
852,591
54,663
80,869
78,154
538,379
40,463
157,279
205,634
49,810
25,587
2,210,304 4,910,844
Pliiladel. & Erie..January... 224,307
Phila. & Reading. January.. .1,316,089
80
172,384
750,678
67,928
112,163
279,730
239,968
957,215 1,316,089
Peoria Dec. & Ev.lst wk Mar
Pennsylvania
178,428
1,8=16,000
2,308,432
202,904
798,294
298,646
109,894
3,083,552
43%
56%
leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1,1880,
to date, were &.s follows:
Lowest.
202,314
29,934
103,139
99,962
1,065,500
389,486
156,870
391,631
48,124
44,733
2,261,000
401,018
1,310,545
1,200,238
$67,035
77,362
January...3,083,552 2,543,425
Pad.&Elizabetht.3d wk Feb.
Pad. & Memphis. .3d wk Feb.
«
Shares.
18|602
143 ”43
889,623
20,541
11,962
10,482
53,674
6,009
88,063
1879.
1880.
$106,628
3,822
5,101
3,390
21
63
60
2%
Range since Jan. 1,1880.
109,894
Jan. 1 to latest date.-
334,494
138,262
65,582
57,190
32,050
Ogd. & L. Champ. 1st wk Mar
70%
77
Week,
298,646
.
Total sales of
Sales of
18,441
.
43% 44%
108
89
Dubuque&S.City.lst wk Mar
.
102%
36%
108% 108% 108%
157
158% 155 158
45
47% 52
47%
10% 10% 10% 11
92
25,329
4,238
Gal. Har.& San A.January...
Grand Trunk. Wk. end. Mar. 6 194.708
Gr’t Western.Wk.end. Mar.5
94,011
Hannibal & St. Jo.2d wk Mar.
47,711
Houst. & Texas C. January...
319,041
IllinoisCeu. (Ill.).February
462,673
Do
(Iowa).February . 120,138
Indiana Bl. & W. .1st wk Mar
22,599
Int. & Gt. North.. 2d wk Mar.
27,950
Iowa Central
78,019
January...
K. C. Ft. S.& Gulf. 1st wk Mar
123,529
8,226
Kans.C.Law.& So.4th wk Feb
K. C. St. J. & C. B.4th wk Feb
35,369
Little Rk. & Ft. S.February
40,850
Louisv. & Nashv.1st wkMar 140,375
Minn. & St. Louis. 1st wk Mar
9,250
Mo. Kan.& Texas. 2d wk Mar.
79,916
Mobile & Montg. .January...
78,151
Mobile & Ohio
2d wk Mar.
40,709
Nashv. Ch.&St. L. January... 205,634
N. Y. & Cauada ..January...
49,810
N.Y. Cent. & Hud. February .2,317,231
N.Y. L. Erie & W. January... 1,296,381
N.Y.&N. Engl’d. 1st wkMar
38,337
Northern Central. January...
334,494
Northern Pacific .February
56,419
84%
92% 94
36% 37%
70% 71%
82
42.144
6,255
Denv.S.P’k& Pac. February .
Det. Lans. & No. .2d wk Mar.
Eastern
January...
Flint & Pere Mar. 1st wk Mar
17% 18%
102
102%
3614 36
$33,094
77,362
114,455
112,163
135,430
22,791
Del.&H.Can., Pa.Div-.Jan..
163
38% 38%
56
56%
78% 78%
$51,227
99,962
148,000
389,486
156,870
Chic. <fe East. Ill.. 1st wk Mar
22,697
Chic. Mil. & St. P. 2d wk Mar. 194,000
Chic. & Northw..February .1,153,800
Chic. St. P. & Min. 2d wk Mar.
23,091
Chic. & W. Mich.. 1 st wk Mar
14,584
Cin. & Springf. ,.2dwkMar.
14,155
Clev. Col. Cin. & 1.2d wk Mar.
65,301
Clev. Mt.V. & Del.4th wk Feb
9,597
44%
67
160
1879.
37,908
1,056,691
102,093
Chicago & Alton .2d wk Mar. 163,083
87,159
©hie. Burl. & Q...January...1,200,238 1,105,098
Chic.Cl.Dub.& M.lst wk Mar
13,663
10.545
....
155
1880.
Carolina Central.January...
44,733
Central Pacific...February .1,038,000
Ches. &.Ohio
February. 198,683
_
60% 56
59%
43% 42% 42%
57
57% ♦56
80
80% 80
42% 41% 41%
78
76% 77%
3
2% 3
91% 90
90%
44% 43% 43%
68% 67% 68%
111% 106 108%
prices bid and asked;
Canada Southern....
Central of N. J
Cairo & St. Louis.4th wk Feb
69% 69%
27
27%
32% 33%
55% 56
25
25%
37% 4174% 78;
ei" ei"
59
42*.
80*.
_
Sutro Tunnel.
Union Pacific. 90% 91%
Wab.St.L.&P. 43% 44%
Do
pref. 68% 69%
West. Un.Tel. 110% 111%
These
69% 70
22% 22%
.
Bur.C.Rap.&No,.lstwkMar
129% 129%
44% 45%
74% 75
44% 49%
..
St.L.I.M.&So.
*
75
22% 22%
63
63%
59
59%
42
43%
57
57
*80
82 |*80
42
42% 42%
Atl.&Gt.West
January...
Atl.Miss. & Ohio.January.,.
84% 86
84% 86
79
79%
23% 24%
23% 24
*31
33%
25% 25% 25% 25%
107
107
*106% 07%
143
140% 140% *
81% 82% 81% 82%
104% 104% 105 105
94% 95% 94% 95%
106% 107
23% 24%
48% 44
108% 108
87
89%
_
•iSSi
75
50
44
67
65% 67
.
..
73
43% 44
91%
Mobile* Ohio.
24% 25% 23
Mo.Kans. &T.
43% 44
41%
<43%,44%
108
108
107
Mor.& Essex.. 107% 107%
85
83
89
Nash.Ch.&StL 83% 93% 85
NewCent.Coal 30% 31% 30%
29% 30k
N.Y.C.&H. R. 131% 131% 131% ism xl29%29%
N.Y.L.E.&W. 44% 451* 45
43% 45%
Do *
70%
pref. 69% 70% 70% 70% 69
27
N.Y.Ont. & W. 27% 28% 27% 28
27%
Northern Pac. 32% 34% 33
33% 32% 83
56
Do
pref. 55% 57% 56% 56% 55
25
26
26
Ohio Central.. 24% 25% 26
Ohio* Miss... 34% 36% 35
37V4 35% 37%
Do
pref.
Pacific Mail...
Panama
Phil. & Read’g
Southern.February
Albauy & Susq
January...
Atch.Top. & S. Fe. 1st wk Mar
Wednesd. Thursday,
Friday,
16. March 17, March 18. March 19.
75
46
Atl.&Pac.Tel. 45
45%
67
Canada South.
Cent, of N. J.. 85%i 87% 86%
Cent. Pacific.. 80% 80% 81%
Ches. &Ohio.. 22% 23% 23%
Do 1st prf. *....
32% 32%
Do 2d prf.. 25
25% 25
Cliic. & Alton. *06% 107% 107
143
145
Chic Bur.& Q. *
Chic.M.&St.P. 80% 81% 81
Ala.Gt.
Tuesday,
Monday,
13, March 15. March
earnings reported.—,
WeekorMo.
in
94%@
94%3>
9490@
949s@
4
95
95
95
95
gold for various
Dimes & % dimes.
Silver Ms and %s
Five francs
—
89
88%
87%
87%
16%
16*%
16%
40%
95%
95%
95%
95%
coins:
99 %@
99 %@
92 @
par.
par.
—
95
89%3> — 91
70 @ 4 80
68 @ — 70-
Mexican dollars.
English silver...
Prus. silv. thalers
Trade dollars....
Now silver dollars
8S%@4
@4
87M@4
8b%@4
18%3>5
18%@5
17%@5
40%@
95%@
95%@
95%@
95%®
4 88
,
99
—
99
—
99%
par.
CHRONICLE
LHE
292
Banka.—The following statement shows
the condition of the Associated Banks of New; York City for the
week ending at the commencement of business on &farch 13, 1880:
PHILADELPHIA,
New York City
Average amount of
Banks.
Capital. Loans and
Specie.
discounts.
Net dept’s
Circula¬
other
tion.
Tenders. than-U. S.
Legal
-
City
$
2,000,000 10,430.000
6,405,000
2,050,000
7.158.700
2,000,000
7,800.000
2,000,000
4.555.800
1,200,000
9.544.700
3,000,000
3,346.000
1,000,000
6.950.400
1,000,000
3,004.000
1,000,000
1.727.500
600,000
300,000 12,477,600
8.735.900
1,000,000
4.139.600
1,000,000
1.398.800
300,000
851,000
200,000
944.900
200,000
2.846.800
600,000
1.017,600
800,000
3.317.200
800,000
13.948.000
5,000,000
5,000,000 14,081.000
5.255.500
1,000,000
3.976.100
1,000,000
2.377.500
422,700
5.369.600
1,500,000
3.707.200
450,000
1.369.400
412,500
2,377,50C
700,000
7.709.900
1,000,000
2.699.600
500,000
12,927.000
3,000.000
1,941.000
600,000
2.172.400
1,000,000
2.463.700
500,000
2.204.700
500,000
3.502,000
500,000
3.541.700
1,000,000
5.566,300
1,000,000
1.506.700
300,000
2.925.000
400,000
19,904.700
1,500,000
2,000,000 16.563.900
813.400
500,000
863,700
240,000
1,045,900
250,000
16.830.000
3,200,000
8.695,000
2,000,000
2,669,000
300,000
4.535.100
750,000
500,000 13.535.000
218133..2670759056
New York
Manhattan Co...
Merchants
Mechanics’
Union
America
Phoenix
Tradesmen’s
-Fulton
Chemical
Merch’nts’ Exch.
Gallatin Nation’l
ButchersADrov.
Mechanics’ k Tr.
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
Commerce
Broadway
Mercantile
Pacific..
Republic
People’s
North America..
Hanover
Irving
Metropolitan....
Citizens’
Nassau
Market
Bt. Nicholas
Shoe k Leather..
Corn Exchange..
Continental
Oriental
Marine
Importers’ k Tr..
Park
Mech. Bkg. Ass’n
North River.
East River......
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
.,
1,000,000
9.181.400
300,000
250,000
200,000
750.000
800,000
1.420.700
1.281.800
2.211.000
Bowery National
N. York County..
Germ’n Americ’n
Chase National.
Total
75,500
254.800
577,000
69,000
1,625,800
371.800
89,000
58,400
itr
mm,
i.
■
■
mmm
$
$
350,000
10,250.500
4.425.100
5.774.600
6.590.700
70.300
195.900
391,000
495,000
400
564,000
44,500
3.989.800
6,928.300
2,705,000
6.677.400
1.867.200
1,100
614,000
2.909.800
2.327.500
662.400
36.700
1.206.200
280,100
174,000
232.400
183,000
116.400
114.800
837.000
812.500
907.000
927,600
2.135.500
981,300
2.599.200
37.100
626.500
10.145,000
10.559.900
449,000
1.433,000
3.945.800
3.895.000
2.227.700
806.000
3.282.100
3.702.500
1.301.800
2.262.800
7.574.100
1,123,300
397,000
5,400
793,900
1.247.600
234,7001 12,673.000
318.000
76.200
3,432,500
544.700
401.500
298,600
163.500
155,700
94,000
20,400
373.700
139,000
596.400
2,208.000
4.242.200
628.500
799.300
283.300
719,900
705.400
*
Chatham
$
2,405.000
777.800
1,156.400
1.187,000
1.113.600
1,206.200
i
323.900
122.200
235.800
152.800
124.400
135,200
101,600
225,000
137,000
1.558,100
443.200
2,792.000
296.900
201.600
147.000
267.400
176.300
150.000
457.100
389.700
637.000
111.500
100.800
63,100
311.000
26.000
107.600
341.200
1.460.600
23.200
556.000
242.500
5.105.700
155.000
400.50C
3.730.700
322.300
178.100
26,600
28.900
710.700
180.000
2,700
474,000
178.700
800,000
439,000
2.462.500
10,855.000
1,814,000
1.937.400
2.007,800
1.846.200
3,703,000
2,049.800
5.854.100
1,336,900
8.135,000
21.778.900
45.000
268,200
8.900
436.100
450,000
450,000
4,600
749.100
170,066
1.108,2C0
535.100
355.200
18.699.400
636,000
782.100
89.900
806,400
834.800 16,152,800
1,269,000
420.000
491,000
314.000
712,000
288.400
3.992.000
105.509
813,000
83.200
291,000
33.000
12,100
810,000
1,477,000
45,000
430,000
450,000
7,931,000
3,000,1)00
4.335.100
14.457,000
10.258.600
1,039.600
341.900
101.400
244.400
204.100
574.300
3,081,800
224.400
63.700
2,537,000
190.400
1.349.800
795.500
268,800
224.200
180,000
1.116,000
1.348.700
1.839.500
3.180.200
270,000
60,375,200 297,256,900 57,927,900 11,652,400 270,381,000 20,967,100
Inc.
Specie
Legal tenders
Dec.
Dec.
$121,400 j Net deposits
:
Dec. $1,102,400
Dec.
35,000
127.100 Circulation
478,000 1
The following are the totals for a series of weeks past:
Loans.
$
$
$
57,655,100
50,435,500
43,974,000
41,838,600
$
254,770,700
253,230,200
248,474,600
235,953,000
$
Sept.
6....257,386,800
13....256,960,400
“
20....259,891,000
‘‘
27....260,763,700
Oct.
4....266,364,800
11..268,701,800
19,753.800
19.876,900
19,942,000
20,017,400
20,149.100
22,566.300
26,383.600
“
25 ...260,433,800 27,682,600
Nov. 1....271.238,600 29,675,300
8....270.076,800 38,823,800
15....268,538.800 42.992,800
22....276,194,400 50,006.700
29. .273.439,900 52,310,700
Dec.
6...£73,101,100 54,771,000
“
*
*
491.715,201
560,038,583
605,012 052
482,688,369
40,088,900 226,635,800 21,372,300
39,481.100 225.572,900 21,603.500
42,029,400 228,271,000 21,384,900
40,047.700 229,983,000 21,531.900
38,093.500 231,920,700 21,982,400
86,438.500 232,780,500 22,080,100
33,097,700 232,805,300 22,286,800
452.345,265
‘
*
’*
•.
‘
h
507,109 348
530,921,366
591,859,560
747,278.535
741,448,440
798,960,746
30,151,700 231.668.000 22,448,700 761,277,728
28,615,000
23,486.900
22,595,800
18,985,200
234,412.000
231,927,700
230,201.200
250,297,800
16,771,700 247,195,500
22.600.500
865,862,857
22,341,500 772,150,134
22,475,700 870,092.069
22,550.400 942.922,768
23,024,800 779,955 847
14,673.200 247,030,100 23,255,100 850,846.848
L*-•••125,750,100 54.069,400 13,403,900 247,559,200 23,463,800
20....178,098,100 50,842,900 12,543.400 246,118,600 23,661,000
722,603,389
666,418 518
1^27.,.277,584,900 48,638,200 12,089,700 242,062,200 23,732,900 586,014,073
Jan.
"
.4
*
Philadelphia, 5s reg.--..
do
6b, old, reg..... ^
do 6s,n.,rg., prior to 95
do 6s,n.,rg.,1895A over 121
104*
do 4b, various
Bid. Ask.
SSOUBITIXS.
land grant 7s
2d 7s
134
land inc. 8s..
6s
Eastern,Mass.,4*s,new.
Fitchburg RR., 6s
...
122* 124
114
109
102
iio
96%
...
RTnnra
112
Boston k Providence 7s
Burl, k Mo., land grant 7s....
do
Kebr.6sEx
do
Nebr. 6s
Conn, k Passnmpsic. 7s, 1897.
....
Rutland 6s,1st mort
Vermont k Canada, new 8s..
Vermont A Mass. RR.,6s
12194
Boston k Lowell 7s
^
Old Colony, 6s
Omaha k 8. Western, 8s ....
Pueblo k Ark. Valley, 7s
115*
Boston k Maine 7s
Boston a Albany 7s
do
6s
do
Bid. Ask.
SUOUBITISS.
Old Colony, 7s
BOSTON.
Atch. k Tcpcka 1st m.7s
do
do
do
109*
Atchison a Topeka .........x
At.hi-oi a Nebraska...
i35*
Boston a Albany.
Boston a Lowell
Boston a Maine..
Boston a Providence..
142%
Burlington a Mo. in Neb., .x
Cheshire preferred.
.x
Chic. Clinton Dub. k Min....
Cln. Sandusky k Clev
109*
0294
77
•
•
•
•
128
SO
143
94
*
*
«
133*
134
140*
141
54
52
60
......
sg
14*
Concord
106* 106* Connecticut River
57* 57* Conn, a Passnmpsic
,..x ’of
114
Eastern (Mass.).
41
Eastern (New Hampshire)...
,.,?<>
do
7s, inc..
K. t lty Lawrence k So. 4t... 86
87
j
Fitchburg.
x
Has. City. St. Jo.k C. B. 7s.
Fort Scott a Gulf, preferred
106* 107
Kan.Uir St. Jo. kC. B. In. 80 I I
do
common.
Little R’k k Ft. Smith, 7s,1st 100% 101
&. C. Law. k Southern
New York k New Eng. 7s....
K. C. St. Jo. a Council Fluffs *65
HI* 112
Ogdensburg k Lake Ch.8s...1
Little Rock a Fort Smith
61*
••••••• •
Fort Scott k Gulf 7s
Hartford A Erie 7s
Ban. City Top. k W., 7s, 1st
....
42
.
_
122
104*
Allegheny County 5s, coup...
Allegheny City 7s, reg........
6s,gold,reg... ...
7s, w’t’r In.rg. acp.
7s, str.imp., reg.,
do
88-86.
6s, coupon
33
15
pref
do
do
35
16
do
pref.....
do
new pref.. ......... 40*
100
Delaware a Bound Brook....
East Pennsylvania.
35
do
Lancaster.
Huntingdon a Broad Top...
do Pret
do
Lehigh Valley. . .
>i In eh ill
Nesquehonlng Valley
Norristown.... .....
North Pennsylvania
Pennsylvania.
Philadelphia A Erie.
Pniladelphla k Reading
Philadelphia a Trenton
Phlla.w liming.
a Baltimore.
Titusv.k Buff.....
do
prer.
Bt. Paul a Duluth R.R. Com.
do
do pref.
United N. J, Companies......
West Chester consol, pref....
West Jersey
CANAL STOCKS.
Chesapeake k Delaware
Division
Lehigh Navigation
Morris
do pref....«
Pennsylvania.
Schuylkill Navigation.......
7
do
10
1*
•
do
15
15%
7*
•••-•
•
•
••
•
•
• •
•
•
••
• •a
.
..
•••a
•
•
•.
•
•
•
•
61*
cons.
9 0S
98
m.,6*,g.,1903
lnc.ai.gr ,7s 1915
Union a Tltusv. 1st m. 7s. '90.
United N. J. cons. m. 6b, *94..
Warren a F. 1st m.7s, '96
118
West Chester cons. 7s, '91
West Jersey 6s, deb., coup.,’83
do
1st m. 6s, cp.,’96.
do
•
•
• •
do
1st m. 7s,'99
Western Penn. RR. 6s,cp.i899 105%
do
6s P. B.,’96. 104
90
••♦
•
iiS
ios*
•
• •
CANAL BONDS.
81
82
reg.,’84 iob
rg ,'97
107
Chesap. k Dela. 1st 6s, rg./86
Delaware Division 6s, cp., 78.
mort.
a
RR.,
111
Morris, boat loan, reg., 1885..
Pennsylvania 6s, coup., 1910..
Schuylk. Nav.lst rn.6s.rg.,*97.
2d m. 6s, reg., 1907
do
do 6s, boatacar,rg.,1918
do 7s, boatacar,rg.,L9i5
Susquehanna 6s, coup.. :9i8 .*
BALTIMORE.
Maryland 6s, defense, J.A J.. 108
do
6s, exempt, 1887
107
do
6s, 1890, quarterly
do
5s, quarterly
Baltimore 6s, iS81. quart
do
6s, 1886, J.kJ
do
do
do
do
do
do
do
Norfolk
•
00
•
0 9 0
.
89
ioa
89
•
••s
•
• e
• •
•
•
•
•
•
•
.
•
•
•
}??* 108
114‘
•
•00
113
••a
•
6s',exempt,TO.M.as.
6s, 1900, Q —J
120
6s. 1902, J. a J
112
5s, 19i6,new....
118*
water, 8s
BAILBOAD STOCKS. Par.
158
156*
Balt, a Ohio
100
•
•
•
0 0
•
•
•
•
..
0
• •
109
33%
102
108*
•
MS
•
•
• a
« •
a 0
^
90
99
do 2d m.,pref
.
do 2d m.,gr. by W.Co. jaJ 108
uu
do
6s. 8d m., guar., J.a J.
109
Mar, a Cln. 7s, *92, F. A A ... 109
70*
do
2d, M. a N
45*
do
8s, 3d, J. a J
Union RR. 1st, guar., J. a J..
do
Camon endorsed. 110
,
inc. 7s, end.,’94.
40
Belvidere Dela. 1st m., 6s,1902. 111
2d m. 6s. ’85..
do
103
3d m. 6s, '67..
do
Camden a Amboy 6s,coup’88 i»4*
do
do
09
•
•••
railroad bonds.
Allegheny
9 9 0
117
161* 102
do
lstprtf
108
50
2d pref
do
50*
51% 52
do
Wash. Branch.100
16* 17*
do
Parkersb’g Br. .50 *5
34% 34* Northern Central
50 32*
150
7*
Western Maryland
50
Central Ohio
50
13* 19
Pittsburg a Connellsvtlle..50
BAILBOAD BONDS.
28* 28%
36
Balt, a Ohio 6s, 1880, j.aj....
68
do
6s, 1885, A.aO. -. 100*
160
N. W. Va. 8d m.fguar.,’85,J A J
Pittsb.a Conneus v.7s, 98^T a J 114%
35
Northern Central 6s. *85, jaj 107*
do
6s, 1900, A<AO. 110
do 6s, gld, 1900, J.AJ. 108
C6n. Ohio 6s, 1st m.,’90,M.A 8. 107*
W. Md. 68,1st m., gr.,’90,J.k J.
36% 37
1st m., 1890, J.a J...,
do
do 2dm.,gnar., J.a J....
pref...
flpiflpehftnni.»»«••«•••••
12
13* 14*
51% 52
53*
57*
SchuylkUl....
Little
50
Williamsport.......
do
Pref*-
Mt. Joy k
Har. P.
&
•
Harrisburg City 6s, coupon..
Catawlssa.....
07
Sunbnry a Erie latm. 7s, '97..
syra.Gen.a Corn'/,1st,Is,1905 ....
Texas a Pac. 1st m ,6s, g.,1905 106
117
Camden City 6s, coupon
do
7s, reg. a coup.
BAILBOAD STOCKS, f
Camden a Atlantic... •
a a
do m. conv. g., reg., 94
do mort. gold,'97.... 105*
do cons. m.7s, rg.,1911 103*
N. Jersey 6s, reg. and coup .
do
exempt, rg. a coup.
Camden County 6s, coup.....
Delaware
•
do mort., 7s, 1892-3
Phlla. Wllm. a Balt-68,'84.... 143
Pltts.Cln.aSt. L. 7b, cou.,1900 114*
do
do
78treg.,19iH).-.
Shamokin V.& PottBV.TB, 1901 111
Steubenv.a Ind. 1st,6s, 1884.
Stony Creek 1st m. 7s 1907.... 106 108
Sunb. Haz. k W.,lst m.,5s,*28.
do
cp.,1913.
5s, reg. a
Bid. Ask.
8XCTJBITIX8.
Phil, a R. cons.m.68,g.i.l9U.
do conr. 7s, 189»*
do
7s, coup, off,'98
Phll.aR.Coaiairon deb. 7s,92
do
deb. 7s. cps.off
Lehigh Naviga.rn.t6s,
Pittsburg 4s,coup., 19r3.....
coup.,
’89
107
mort. 6s, *89
114*
Cam. a Atl. 1st m. 7s, g., 1S93
Cam. a Burlington Co. 6s, 97.
Catawlssa
conv., 62...
chat, m., 10s, 88 do
113
118
new 7s 1900.
do
do
-
::::
117
East Penn. 1st mort. 7s, TO ..
El.a W'msport, 1st m., 7s, TO. 109
do
5BiP6rp.##« • ••• 85
w
Harrisburg 1st mort.
'83...«....
H. a B. T. 1st m. 7s, gold, *90. 117,
do
2d m. 7s, gold, ’95. 100
do
8dm. cons. 7s, *95*. 71
IthacaA Athens 1st gd,Js.,*90 ....
Junction 1st mort. 6s, *82
do
2d mort. 6s, 1900
118
75
...
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
_
189^1902
lrfj* 82-
*3....276,706,200
48,282.100 12,723,500 242,087,100 23,748,600 604,197,943
51,473,500 14,097,800 246,995,600 23,812,900 657 695 280
53,558,600 15,914,200 253 731,900 21 635,900 787 728m
24....280.068,600 51,832,200 17.143.500 257,483.700 21,662,900 743125 031
50.312.800 18,586.000 250,675,900 21,529,900 772 270 805
Feb. 31....5^3.194,500
7....290,381,600 52,994,600 16,437,900 264,404,200 21,683,200 720,978,130
if....290.445,200 51,746,500 16,686.000 267,128,100 21,599,600 683.453,357
59,887,200 15,505,500 271,601,000 21,282,200 795,314!ll4
28... .293,545.600 57,413.300 14,168,000 271,012,800 21,174,000 725,419,855
Miar. 6....297,135,500 58,055,000 12,130,400 271,483,400 21,002,100 895,014,025
57,927,900 11,652,400 270,381,000 20,967,100 827,801,840
Not*.—With December 27 the Grocers’ Bank disappeared from the list.
“
STATE AND CITY BONDS.
Penna. 5s, g’d, int.,reg. or cp.
do 5s, cur.,reg
113*
do
5s, new. reg.,
101* 102
do
6M0-15. reg.,
do
6s, 15-25. reg., 1882- 92. 106% 107
6s. In. Plane, reg.,1879
do
Delaware
20,504,800
20,682,100
20,719,500
20,827,500
\ 80....256,160,300 19,684.700 41,279,300 228,817,400 20.942,500 476,563,861
„
PHILADELPHIA.
*
8pecie. L. Tenders. Deposits. Circulation. Agg.Clear
1879.
$
Aug. 2....267,280,100 19,652,400
9....272,936,000
19,624.100
“
16 ...274,311,000 19,553.200
.263,570,100 19.631.100
Ogdensb. a L. Champlain ...
do
pref.. *76
Ul* 112
Old Colony
Portland Saco a Portsmouth x05* 107
Pullman Palace Car
Pueblo a Arkansas
33*
Rutland, preferred...........
118
110
Vermont a Massachusetts..
Worcester k Nashua. ........ 64* 65
Pittsburg
The deviations from returns of previous week are as follows
Loans and discounts
Manchester a Lawrence.... 145
:i3
Nashua a Lowell
Ne w York a New England... 52*
Northern of New Hampshire 05
Norwich a Worcester—.. x 135
do
do
do
Etc.-Coattuned.
Bid. Ask*
sxouxrrnis.
Elmira a
127.700
3.229.200
[VOL. XXX
Lehigh Valley, lst,6s, cp., 1898
do
do reg., 1898...
do 2*1 m. 7s, reg., 1910..
do
con. m., 6s,rg.,1928
do
' do
6s,cp.,19*8
Little Schuylkill, 1st m. 7s,’82
North. Penn. 1st m. 6s, cp.,‘85.
do
2dm.7s,cp.,’96.
do gen. m. 7s, cp., 1908.
do gen. m. 7s, reg., 190?
Oil Creek 1st m. 7s, coup.,'84.
rittsb. Tltusv. a B.,7s, cp.,’96
Pa.aN.Y.C.a RR.78,1896
Pennsylv., 1st m., 6s, cp.,’80..
do
gen. m. 6s, cp., 1910.
do
gen. m. 6s, rg., 1910.
118
118
124% 125
112
112
ios* 108*
CINCINNATI.
Cincinnati 6s, long
t
do
...T
7s
do
7‘80s
X...
t
do
South. RR. 7’80b.t
do
Hamilton Co
do
do
Cin.a Cov. Bridge st’k, pref.
Cln. Ham. a D. 1st m. 7s, '801
do
2dm. 7s,'85t
Cln. Ham. A.Ind., 7s, guar....
Cm. a Indiana 1st m. 7s
+
do
2dm.7s, *17..+
Colum. a Xenia, 1st m. 7s. *90
Dayton A Mich. 1st m. 7s, *81+
do
2d m. 7s,’84.+
do
3d m. 7s, ’88t
.
105
107
too
108
117*
118
100
100
104
110
_
130
100%
103
100
1C5
101
101*
102
105*
+106
101* i02
108
102
Daytona West.lstm.,'81...t
•
900
•
90
0
• 0 00
do
1st m., 1905.+
1st m. 6s, 19a> tlOl
do •
Ind. cm. a Laf. 1st m. 7s
do
(I.ac.) 1st m.7s,'88+ ios
Little Miami 6s, *83
+ 103
cm. Ham. a Dayton stock... 71
Columbus a Xenia stock..... 125
7E
•
••a
54
55
Dayton a Michigan stock.
do
8. p.c. st’k, guar 120
110* i20
Little Miami stock
LOUISVILLE.
Louisville 7s
t
do
6s,'82to*87
+
lie
do
6s,
W
to '92
‘
116
do
water 6s,'87 to *89.
105
water stock 6s,*97.1
do
79*
wharf 6s
+
do
....
do
spec’l tax 6s of *89. t
102/4
Louisville water 6s, Ce. 1907 +
117
Jeff. M.ai Jstm. (IAM) 7fc,’8lf
do
2d m., 7s
1
do
cons. m. 6s, rg., 1905. 112
112%
do
1st m., 7s, 1906....t
cons. m. 6s. cp., 1905.
114* Loulsv. C.a Lex. 1st m.7s,*97t
do
do
Navy Yard 6s, rg,'8l
Louls.a Fr’k.,Loul8V.ln,6s,’8!
106
Penn. Co , 6s. reg
Loulsv. a Nashville—
Perklomen 1st rn.6B.coup.,’9 <
Leb. Br. 6s,'86
+
Phlla. a Erie 1st m.6s, cp.,'8l 103*
1st m. Leb. Br. Ex.,7s,'80-85.+
2d m. 78, cp.,'88. 112
do
113*
Lou.In.
do
6s, '93...f
102
Phlla. a Read. 1st m. 6s, tin
’43-'44
Jefferson Mad. a Ind. stock.
do
do
’48-.49.
do
2d m., 7s, cp.. 9d
ST. LOUIS.
do
St. Louis 6s, loDg
»•••••<« T
doben., cp.,'98*
54
d
do
do
do
water 6s, gold
cps. off.
t
do
4o
do
do new.f
scrip, 1882. .. .. 88
88*
do
do
bridge appr, ,g.6s.f
In.m.7s,cp,1896
do cons. m. 7s, cp.,191*.. 118*
do
renewal, gold, 6s.t
do eons. m. 7s, rg.,i9:i.. 118
ao
sewer, g. 6s, ’9i-2-8.t
St. Louis Co. new park, g.-6s. ‘
•In default, t Per share.
do
fur. 7s.. ..
105
{8^ 105
105
104*
104
104%
IQS
100
105
105
105
108
101
110
110*
104
104
10
115* 110
115
110
i06%
j
^
in
.
§ Con, to Jan.. ’77. funded
t And 1ntire«».
.
104* 105
104
104
103
105
105
105
105* 106*
106
107
100*
100
100;
108%
•
*b‘a
•
0
00
293
THE CHRONICLE.
1880.]
March 20,
NEW YORK,
Prices represent the per cent value, whatever the par may be.
QUOTATIONS OF STOCKS AND BONDS IN
p g'
Bonds and active Railroad Stocks are
quoted on a previous page.
STATE
Alabama—Class A, 2 to 5..
Class A, 2 to 5, small
Class B,
5s
Class C, 2 to
5
Arkansas—6s, funded
7s, Jj. Rock A Ft. Scott iss
7s, Memp. A L. Rock RR.
7s L. R P. B. A N. O. RR.
7s, Miss. O. A R. 1* RR.-.
7s, Arkansas
Central RR.
Connecticut—6s
Georgia—6s
SECURITIES.
Bid.
100
95*
Kentucky—6s
Louisiana—7s, consolidated
7s, small
;
74
Michigan—6s, 1883
Bid. Ask.
SECURITIES.
a*
93
73
20
5
•
•
63 H
7s 1890
Missouri-^fis, due 1882 or ’83
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Untv., due ’92.
Funding, 1894-95
Hannibal A St. Jo., 1886..
do
do
1887..
New York—6s, gold, reg.,’87
6s, gold, coup., 1887
6s, loan, 1883
6s, do 1891
<
5
5
5
106
100
:
110* 111
109*
7s, new
7s, endorsed
7s, gold
Illinois—6s,coupon, 1879...
War loan.....
113
100
100
-v
116*
RAILROAD
Railroad Stocks.
(Active previously quoted.)
Albany A Susquehanna...
Boston A N. Y. Air L., pref.
Burl. Cedar Rapids A No...
Cedar Falls A Minnesota...
Chicago A Alton, pref
Clev. A Pittsburg, guar....
Dubuque A Sioux City
Frankfort A Kokomo
107
152
60
§18
118
Coupon gold bonds....
Registered gold bonds
Sinking fund
Iowa Midland, 1st m., 8s.
72
Harlem
Ind. Bloom. A Western....
Intern’l A Gt. Northern...
Keokuk A Des Moines
do
do
pref.
11*5
N. Y. New Haven A Hartf.
N. Y. Ontario A West.,pref.
Peoria Decatur A Evansv..
Pitts. Ft. W. A Chic., guar,
do
do
spec’l.
Rensselaer A Saratoga
Rome Watertown A Ogd...
St. Paul A Duluth
do
do
pref.
,
2d
118
Miscellaneous St’ks.
Adams Express
American Express
United States Express.
Wells, Fargo A Co
American Coal
Boston Land Company
Boston Water Power...
Canton Co., Baltimore
Caribou Consol. Mining..
Central Arizona Mining.
Central N. J.Land Imp..
Climax Mining
Consolidation Coal of Md..
Cumberland Coal A Iron...
Ddad wood Mining
Excelsior Mining
grid
omestake
A StockMining
Telegraph....
49*
«16*
do
Spring Mountain Coal
Standard Cons. Gold Mining
S32
w
Railroad Bonds.
Stock Exchange Prices.
Balt. A O.—1st 6s,Prk.b.l919
Bost. H. A Erie—1st m
1st mort., guar
Bur. Ced.R.A North.—1st,5s
Minn. A St. L., 1st, 7s, guar
Jowa City A West’n,lst 7s
Chesap.A O.—Pur. m’y fund
gold, sdriesint.B,deferred
Ss,*, currency,
int. def.
Chicago A Alton—1st mort.
Income
Sinking fund
Joliet A Chicago,
110
56
89*
106
68*
43*
5s, sinking fund..
Chie. Rk. I. A P.-6s, cp.,1917
9s, 1917, registered
Keok.A Des M., 1st, g., 5s.
Central of N. J.—1st m., ’90.
1st consolidated
do
assented.
Convertible
do
assented
7s, 1917
.
-
1st
do
1st, reg
Denv. A R. Grande—1st,199
Erie—
1st mort., extended
2d mortg., ext’n 5s. 1919.
3d mortgage, 7rf, 1883... .
10*
...
...
117
113~
116
97
118
97
Laf. Bl.AMun.—1st 6s. 1919
Marietta A Cin.—1st mort..
121
118*
106
*
1st
106*
Mich. Cent.—Cons., 7s, 1902
1st mort., 8s, 1882, s. f,
ipqutjj>ment bonds
....
125*
113
1st m., 7s, $ gold, R. D.... 112*
112
112*
1st m., La C. Div
112*
i.st m., I. A M.
109
ist m., I. A D
1st m., H. A D...
109*
115* 110
1st m.. C. A M
108*
Con. sinking fund
*100
2d mortgage
109
1st m., 7s, 1. A D. Ext
,
#
ft.t
....
«...
....
Pribea nominal.
s
3-09,
t
3-68. c
6s, 1887
6s, real estate
6s, subscription
N. Y. C. A Hud., 1st
m., cp.
do
1st m., reg.
Huds. R., 7s, 2d m., s.f.,’#©
Canada South., 1st, int. g.
Harlem, lBt m., 7s, coup..
do
1st m.. 7s, reg....
N. Y. Elevated—1st, 7s,1906
N. Wisconsin—1st, 6s
+ And accrued interest,
/.
96”
5.
t.
*....
75*
....
102*
103
A
A
f.
do
do
.
•
•
•
•
70
.
.
2d cofi..
119*
105*
...t
99
73
*
_
• • a •
»
Registered 6s, 1911.
.
Coupon 7s,
.
1911
.
*80
•
*80
*80
A
7s. 1908.
♦
%
•
•
•
•
90
•
•
•
•
•
9
-
95*
mort.
•
•
100*
••••
105
112*
STATES.
Pexas—6a, 1892
M.A
7s, gold, 1802-1910 ..J.A
7s, gold, 1904
J.A
10s, pension, 1894.. .J.A
Spring.Y’yW.Works—1st 6s
Oregon R. A Nav.—1st, 6e..
INCOME BONDS.
Central of N. J.-1908
Chic. St.L. AN.O.—2d m. 1907
101* Col.Chic.AInd.C.Jnc.7s,1890
115
Ind’s Bl. A W’n—Inc., 1919..
ind’s Dec. A Sp’d, 2d Inc...
Int. A Gt. Northern—2d Inc
Len. A Wilkes B.Coal—1888
Lake Erie A W’n—Inc.7s,’99
Laf. Bl.A Mun.—Inc. 7.1899
MobileA O.—1st pref. deben
2d pref. debentures
3d
do
91*
4th
126
do
N.Y.LakeE.AW.Inc. 6s. 1977
Ohio Central—Inc., 1920....
Peoria Dec A ITville—Incs.
Coupons.—
116
115*
100
100
.
*
96
90
103
100
87
20
90
101
89
24
95
108* 110*
105
85
105
75
100
75
105
100
44
75
40
106
63
80**
107
46**
21*
80
48
110
66
25
87
30
31
83
88
9i"
58
30
100
112
95
00
110
104
+02
97
105
100
95
•
•
•
•
70
&
103
100
74
98
76
102
105
+ 103
+ 111
+ 112
+99
39
1112
[113
101
40
10
40
10
25
consol. coupons...
81
85
80
106
111
94
105
90
99
99
110
70
116
104
105
100
85
98
102
97
37
102
107
100
108
4
.
Stock.
.
i
....
2d
104*
45
mortgage, 7s.
....
iwsr1
•
•
6s
Stock.
•
(
....
114
7s, guar.
]
-1st,7s
]
....
2d. 7s.
Stock.
L18
1
....
p
Stock.
<
...
2d mort.,
*
93
1
88
77
1
42
45
60
73
43
54
69
75
74
1
....
88.
1st mortgage,
71*
64
ftTW
75*2
35*
35
65*
week.,
■.
RAILROADS.
87
75
49
8.
J.
J.
J.
••v
115* lie
*56
100*
’ennesssee State coupons,
outh Carolina consol...
do
....
....
*106*
1900, registered
92
107
100
110
107
101* 103
105
106*
108
110
90
100
100
105
3(£*
99
(Brokers* Quotations.)
£'
•
7s
102
Southern Securities.
....
68*
*65
,00*
Consol, conv., 7s...
Gt. Western, 1st m.
do 2dm.,7s,’9J
61
11
66
20
•
99
109
105
104
42
Mortg. 7s of ’79..
T.AWab., 1st ext.7s
latest quotations made this
mortgage, 7s (pink)....
Past-due
•
120**
....
103*
no*
*95* 96*
130*
1st, W.D, *128
Omaha Div., 1st mort.,
Clarinda b., 6s, 1919..
1st
120
104
112
LB, JLBL, Ej.U
1st pref. inc. for 2d
1st inc. for consol
Wabash RR.-
2d mortgage, guar
—
South Side (L. I.)—1st mort
South Minn.—1st m..?s, ’88.
*.... 115
mortgage. 1886....
do
do
•
103* 104
10AW 107
Burlington Div.......
Consol. 7s, 1910
•
103*
*115
7s,
•
90
92
103
102
92
St. P.A Sioux C.—1st 6s
St. P. M. A Manit’a—1st,
2d mort., 6s, 1909
Tol. Peo. A W.—1st m.,
1st mortgage, W. D..
•
,68*
114
2d mortgage,
do
incoi
•
105
100
106
118
59
10
62
98
90
50
27
85
St.L.A S.E.—Cons.,7s, g-,’94
♦108
St.L. VandaliaA T.H.—1st m
Extension
Tol. Can. S.A Det.—1st, 7s, g
Union A Logan sport—7s....
70* U. Pac.—South
Branch ....
115
•• • .
101*
pref.
•
84*
2d mortgage
St. Jo. A Western stock.
...
Cairo Ark. A T., 1st mort
North Missouri. 1st m., 7s
West. Un. Tel.—1900, coup.
* No price to-day; these are
t
....
•
Improvem’t, coup., 6s,
St.Chas.B’dge,lst, 7ff,
113*
T
*80
106*
126*
Kansas A Nebraska—1st m.
2d mort
Long Island—1st mortgage
N.Y.AGreenw. L.—1st,7s, n
do
2d
V,
N. J. Midland—1st, 7s, gold.
85*
2d mort
New Jersey So.—1st, 7s, new
St. Joseph A Pacific—1st m.
.
99*
100*
67
112
6s
In^.H. A Gt. No.—Conv., 8s.
*
85
*.... 104
102*
International (Tex.>—1st,
*
118*
115
112
HO*
Indianapolis A St.L.—1st, 7s
Indianap.A Vine.—lst,7s, gr
....
125
118
: o8
84
.
.
do
Gr’nd R.AInd.—lst,7s,l.g.gu
1st. 7s. Id. gr., not guar...
Gr’nd R.A I.—1st, ex l.gr.,7s
Hous. A Gt.N.—Ist,7s,g.l900
....
120
do
do
Phil.A Read.—
Cons. coup. 6s
2d
7s, equipment
'...
Evansv. A Crawfordsv. -7s.
Flint A Pere M.—8s, I’d gr’t
Consolidated 8s
97"
Stock
75*
Galv. Hous. A H.—7s, gld.’Tl
70*
*
r! *ii9
?
98
106
1st m., g’d L. 8. A M. S., 7s.
Denver Pac.—1st,7s,Id. gr.^g
Erie A Pittsburg—1st m., 7s
Con. mortgage, 7s
...
109
96
129
125
....
do
4t
Col. Chie. A I. C.
do
Chic. St.P.A M’polis—1st, 6s
Landgrant Income, 6s....
Chic. A Southwest.—7s, guar
Cin. Lafayette A Ch.—1st m
Cin. A Spr.—1st, C.C.C.AI.,7s
....
f
f
95*
)
do
do 2d
.
....
2d mortgage....
Arkansas Br., 1st mort..
Cairo A Fulton, 1st mort
99
100
r
>:
Carondek
do
.
117
#
Income, 7s
1st m.,
„
...
0
)
97
114
116
do
6s, ’96,
Den. Div. 6s ass. c
do
1st co
Pacific RR. of Mo.2d mortgage
117*
mort., sterling
Mo.K. A T.-<jons.ass..i9diA
2d mortgage, inc., 1911....
107* 108*
Adjustment, 1903.
115
H. A Cent. Mo., 1st., 1890.
Lehigh AW. B., con., g’d.
97* 98
Mobile A Ohio—New m., 6s.
do
assent’d
Nash. Chat. A St. L.—1st 7s.
Am. Dock A Impr. bonds, *111
no* N. Y. Central—6s, 1883
do
assented 109
*
111
Metropolitan Elev—1st,1908
....
107" 108*
Chic.Mll.A St.P.—1st,8s,P.D
2d mort., 7 3-10, P. D
lgM
•Jl06
55
•
ex cp
Bost. A N. Y. Air-L—1st m
Cent, of la.—1st m., 7s, gold
2d
Stock
Chic. A Can. So.—1st m.,g.,7s
Chic. A E. Ill.—S.F.c’y,l907.
Income bonds
....
103*
m..
do
105* 105*
104*
•
-'*
M«r
RAILROADS.
Atch.AP.P’k—6s,gld,
109M
100^
112*
113*4
115* 110
L.
2d,con.,f.cp.,5s,6s
122*
*
.
.
N.Y.L.E.AW.,n.2d,con.,6s
do 1st, con., f, cn.,7s
do
cons, coup., 1st
do
cons, reg., 1st.,
do
cons, coup., 2d.
do
cons, reg., 2d ..
Louisv. A Nash.—Cons.m.,7s
2d mort.,7s, gold.... ....
Cecilian Branch, 7s
Nashv. A Decatur, 1st. 7s.
L. Erie A West—1st 6s, 1919
• *
.
Collateral Trust, 6s.
Kansas Pac.—
do
104*
-
(Brokers' Quotations.)
....
.
Registered, 8s
.
Pennsylvania RR—
Mi*
109*
..
Consol. 6s, 1905...
Income and land g
Ill.Cent.—Dub.ASioux C.lst no3
no
75
Dub. A Sioux C., 2d div...
104*
Cedar F. A Minn., 1st m.. 103*
Ind. Bl’m A W.—1st, pref. 7s
1st mort., 7s, 1900,
2d mort., 1909
Ind’s Decatur A Sp’d 1st 7s
Int. A Gt. North. 1st 6s,gld.
Lake Shore—
111*
58
Mich S. A N. Ind.. s. f., 7s.
Cleve. A Tol., sink. fund..
89*
do •
new bonds.
119*
Cleve. P’ville A Ash., 7s
Buffalo A Erie, new bds...
Buffalo A State Line, 7s..
113
70*
Kal’zoo A W. Pigeon, 1st.
44*
Det.Mon.A T., 1st, 7s.’1906
Lake Shore Div. bonds...
-
105
..
1st m., 1916
Han. A St. Jos.—8s, conv...
Hous. A Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort.. Waco A N., 7s*
2d C., Main line, 8s
2d Waco AN., 8s
:
Inc. and ind’y, 7s
t
..
grants, 7s
Sinking fund
90*
96
imf 105
105
..
Dock bonds
do
....
Cal. A Oregon, 1st
State Aid bonds..
Land grant bonds
Western Pacific bonds
114
130
•
t
116* St.L.I.M.AS.—1st 7s,prf.int.
2d int., 6s. accum’lative .
116*
120
83
Miscellaneous List.
107
104
..
.
110
104
-
Small
113
s.
do
do
115* 116
122
95Mi
Pacific Railroads—
111* 11?*
111*1113
103*
•
90
).
is
115
112
112
con., guar
...
.
St.L. A S.F.,2d 6s,c
105
7s, 1917
6s, new, 1866
6s, new, 1867
6s, consol, bonds
6s, ex matured coupon....
6s, consol., 2d series
6s, deferred
D. of Columbia—3'65s, 1924.
33*
24
23
23
78
54
25
8
93
....
s
116
130
;...
Registered
114
..
div
1st m., Springfield
1st
102*
Bens. A Saratoga, 1st,coup
Long
'
Miss.Riv.Bridge,lst,s. f,6s
1st m
reg.,
d
Ohio A Miss.—Consol, s.
Consolidated
2d consolidated
Land
119
6
37*
STOCKS AND BONDS.
l.
107*
5th mortgage, 7s. 1888
1st cons, gold 7s, 1920
1st m...
Louis’a A Mo., 1st m., guar +108*
do
2d 7s, 1900. +102
115
St. L. Jack. A Chic.. 1st m. +113
Chic. Bur. A Q.—8 p.c.,
Consol, mort., 7s
118
109
108
108
115
ft*
31
Yirgina—6s, old
4*
..
_
4th mortgage, 7s, 1880
117
*.... 110
,107*
116* 116*
lio*
extended.
Bull N.Y.A E,
pref...;..
109
110
113*
Coup., 7s,’94
Reg. 7s, ’94.
do
139*
117
109
Ask.
“
Tennessee—6s, old
6s, new
6s, new series...
12
102
109
.
1st con., g’d.
do
116
Pullman Palace Car
123*
114*
Albany A Susqueh., 1st m.
do
2d mort..
do
3d mort.
ei’
110
122
construct’n *1G4
7s of 1871
1st Pa. div., coup.,
120
10%
...
3
Mariposa L’d A Mining Co..
3*
do
do pref.
Maryland Coal...
550
Montauk Gas Coal
137*
Ontario Silver Mining
Oregon Railway A Nav. Co. 1105
190
Pennsylvania Coal
Quicksilver
60
52
168
60
12
it*
I* <8*
La Platta Mining...
Leadville Mining
'
Little Pittsburg Mining
101*
*113
2d mort.
bonds, 1900 104*
do
do
do
112 H 114
107
40
109
11*8*
Del. A Hud.Canal—
1st mortgage, ’84
1st mortgage, 1891
59*
100*
*82* 88
Island—6s,coup.’93-9
South Carolina68, Act Mar. 23, 1869. ?
20*
30
Non-fnndable
class 3
do
Syr. BlLgh. A N. Y., 1st, 7s
Terre Haute A Indianapolis
Texas A Pacific
Tblhdo Peoria A Warsaw..
United N. J. RR.t A Canal..
Special t.RVj class 1
do
' class 2
Ohio—6s, 1881..
6s, 1886...
Morris A Essex, 1st m...
Stonlngton
29*
29*
115
115
95
95
11
11
18
18
4
4
....
>
m
do
do
do
do
do
off, J.A J.
coup, off, A.A O.
Funding act, 1866
do
1808
New bonds, .T. A .T
do
A.AO
Chatham RR
106
7s, convertible
Mortgage 7s. 1907
130*
A.A O
coup,
103
C. C. C. A Ind’s—1st, 7s, s. f.
115*
Consol, mortgage.
122* C. St.L.A N. O.- Ten. lien 7s
1st con. 7s
Del. Lack. A West.—
LouTsv. N. Alb. A Chicago..
Metropolitan Elevated
N.T. Elevated
109
*115*
2dm...
do
Long Island
f • • •
.
Carolina^bs, old.JAJ
6s, old, A.A O
No. Car. RR., J. A J
do
do
do
Rhode
'
.
North
116*
Galena A Chicago, exten
Peninsula, 1st m., conv..
Chic. A Mil., 1st..........
Winona A St. P., 1st m.
134
York—6s, loan, 1892
6s, loan, 1893.
New
Bid.
Securities.
Ask.
Bid.
SECURITIES.
MISCELLANEOUS
Chic. M.ASt.P.—Continued.
3.-west div., 1st 6s, 1909.
1st 5s, LaC. A Dav., 1910
Chic. A Northw.Sink, f’d
Int. bonds
64*
Consol, bonds
Extension bonds
1st mortgage
no* 111*
70
AND
Ask.
50* 51
102
106
107
108
109
109
110
105
BONDS.
67
....
^
70
53
57
117
8s, B.
Certificate, 2d mort., 8s...
1
1st mortgage, 7s
2d mortgage, 8s..
2d mortgage,
,
120
110
8s
f
Stock
Stock
Non-mortg. bonds...
i
2d mort., 8s, guar.
96
110
• • •
102
105
112
75
119
107*^
•
•
—
107
107
106
20
68
40
114
114
S No quotation to-day; latest sale this
•
•
95
105
104
105
110
120
101
lit
•
•
•
•
•
106
*
x
t\
•
•
125
•
•
102* 104
J
S 7s, 1902, non-enjoined
99
111
113
115
103
115
113
no
108
110
22
72
42
116
116
week
• •
THE CHRONICLE.
294
NEW YORK
LOCAL
(VOL. XXX.
SECURITIES.
Bank Stock List.
Capital.
Companies.
[Quotations by K. 8. Bailey, Broker,7 Pine street.]
Pbioe.
Dividends.
Surplus
latest
dates. §
Insurance Stock List.
at
are not
5s
Nst’l.
Amount
Period
1878. 1879.
3,000,000 Ml?, 100 J. A J.
Am. Exchange. 100 5,000,000 1,870,400 M.AN.
100 250,000 188,400 J. A J.
Bowery
America4
100
8
6
11
16
¥ Nov,
’79F3
’80. 5
’80. 8
’80. 3
’90. 3k
’79. 8
’80. 3
’80.25
’80. 3
*19. 5
’80. 4
3k Jan., ’80. 3k
10
10
6
7
3
0
100
0
10
8
Jan.,
Jan.,
Jan.,
Jan.,
Sept.
Jan.,
Jao.,
Ja-\,
Nov.,
Jan.,
Butchers'A Dr.
.....
,
.
.
•
.
....
....
•
,
.
ft|
•
t.t.
•
•
•
....
3
3
3k
7
Jan.;
.
Mech’Ics A Tr.
Mercantile
Merchants’.
Merchants’ Ex.
...
Metropolis*.
Metropolitan..
Murray Ilill*..
.
Naasuu*
New York
N. Y.Countv..
N. X. N. Exch.
Ninth
No. America*..
North River*.
Oriental*
Pacific"
$
1,000,000
50
£00,000
14,000
171.300 M.AN.
050,800 J. A J,
50 1,000,000
100
300,000
100 3,000,000
100
100,000
100 1,000,000
100 2,000,000
100
200,000
100
800,000
100
750,000
70' 700,000
30
240,000
25
300,000
142,000 J. A J.
50 700 J. A J.
2,000,000
|k
60
Park
0k
•
422,700
211.500
10
12
5
7
8
8
•
•
•
Q-F.
52.600 j. A J.
92.400 J. A J.
170.100 J.A J.
45 200 J.A J.
207.300 M.A.N.
94.900 J. A J.
250 500 J. A J.
695.300 M.AN.
117.800 J. A J.
^on
8
lk
5
•
•
8
10
0
0
7
lan.
e •
3
....
8
8
0
*
^k
10
8
-
•
•
•
85
•
•
at
*
*
*
*
*
* * *
2
148
o0. 5
UO
6
2k
153
"90
85
4
*
4
*
*
"**
3k
’80. 2>* 105
•
•
•
•
•
• •
,’80. 4
150
120
127
100
4
3
3
108
4
128
•
•••
Par.
Brooklyn Gas Light Co....
Citizens’Gas Co (Bklvn)
Var.
Var.
315,000 A.AO.
1,850,000 F.AA.
Jersey City A Hoboken.........!
certificates
.
Mutual, N. Y
-
Nassau, Brooklyn
do
scrip
New York
.
People’s (Brooklyn)
_
do
do
do
do
bonds..
certificates.
Central of New York
Williamsburg
do
scrip.
Metropolitan, Brooklyn.
Municipal.
do
|
100
iwuotatlonsoy H. L. Gbant.
100
1st mortgage
Broadway dk Seventh Ave—stk..
1,000
100
1st mortgage
1,000
1st mortgage
1,000
Brooklyn City—stock
10
Broadway (Brooklyn)—stock.
Brooklyn <t Hunter'* Pt—stock.
lit mortgage bonds
Bmhwlck Av. (Hklyn)—stock..
Ct Ural Pk., y.dk E. River—stk
Consolidated mortgage bon-•*
(Kristopher <k Tenth St.—stock
Bends...
100
100
1,000
100
100
1,000
100
hanks
m;>rt'aere
1,000
1.000
500Ac.
.
Sixth Avenue—stock...
I t mortgage
Third Avenue—stock!
1st mortgage
100
1,000
100
Twenty third Street—bIock...
Ut mortgage
un
t This is an extra dividend.
1,000
.
100
1,000
IrtBb
Manur.A Build.
Manhattan
Mech.ATrad’rs'
20QJOOO
250*000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
Mech’iC8’(Bku)
Mercantile..
Merchants’...:
Montauk (Bkn)
Nassau (Bklyn)
National
N. Y. Equitable
New York Fire
N. Y, A Boston
New York City
Niagara
North River....
Pacific
Park
Peter Cooper...
Jan.,
Oct.,
Jan.,
ieb.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
...
762,754 80
118,251 20
Jan.,
Jan.,
343,749 40
22,908 io
Sterling
Stuyvesant
Westchester...
Wllliamsb’g C.
290,776
193,014
4,938
134,907
97,660
31,104
253,533
34,202
182,909
140,928
238,166
103,596
90,832
159,702
109,951
147,011
Jan..
Jaa..
Jan.,
Jan.,
•Jan.,
.Jan.,
Jan.,
Jan-.
,10
-80.
*79.
»80.
*80.
’80.
M*r.,-go
xo
go
10
20
10
io
20
io
12
20
30
20
io
20
.
5
8
5
7
5
125
181
190
175
180
05
100
120
95
105
»•••
107
• •
138
•
136
110
140
115
7k 250
106
01
100
5
i*29
5
8*
5
5
S
132*
55
303
97
102
70
00
140
5
’80.10
’80. f
’80. 6
’80. 5
170
60 '
117
•80. 5
*80. 5
V0. 4
•
104
86
125
75
135
105
*80. 0
’80. 5
130
00
140
ioo
150
350
75
120
115
Jan., *80. 5
Jan., ’go. 5
•
10
12
11
20
20
20
•
••
•.
••
*.
.
108.789 18
..
467;ON0 29
43,577 10
26,725 10
175.834 20
10,841 10
..
..
..
.,
,
109 090 12
.,
121,591 17}
28,519 10
..
.
137,0S4 10
102,389 20
.,
215,455 10
121,602 10
443,695 20
.,
,
.
’79. 5
’80. 0
*
’79. 4
’80.10
’80. 0
V0.10
’80. 0
’80. 5
’80. 5
70
95
140
130
100
200
108
180
110
125
110
130
90
71
102k
55
’80.6-23 L25
103
’80. 5
’80. 3k 70
’80 5 112
!00.
’80. 5
’80. 5 126
’80. 5
’80.10
• •
120
3k ‘08
’80.
’80.10
’80. 3
•
105
100
IS
60
Fe •., ?80. 6
•••
130
Jan., fo, 7
ioo
Jan., *80. 5
Jan.,^8o 5/
130,185 17
•••
*ft
8k 05
7k 125
Jan., 80. 7
Jan., ’80. 5
101.513 14
•
100
130
Jan., *80. 0
18
20
126
131
115
’80.0*85
’79. 5
’80. 3k
’80. 5
80. 7k
’80. Sk
*80.
’80.
’P0.
*S0.
’80.
’SO.
’80.
*80.
’80.
200
•a
-
Jan., ’go. 5
316,395 20
1,005
5! *,458
108,148
390,052
80,737
190,043
200,000
300,000
200,000
200,000
200,000
500,000
200,000
200,000
B00,000
250,000
300,000
250,000
t
13
300,000
500,000
350,000
200,000
1,000,000
Nicholas...
6.4*2
20.008
150,000
150,000
Phenix
Relief
io
12
12
200,000
200 000
United States..
Bid. Ask.
Nov. ’79 117
08
1898
100
Feb. *78 50
Jan., *80 140
Jure, *79 170
4
‘
10J
50
90
70
130
100
80
110
105
130
no
203
7
Quar,
’80
72k
27
95
85
60
77
100
00
205
110
’80
*80
18&
1....
95
*80
*19
95
55
Jan., ’80 200
5
8
72
104
55
105
95
094,000 J. A J.
2,100,000
1,500,000
2,000,000
300,000
200,000
400,000
300,000
500,000
1,800,000
1,200,000
050,000
150,000
1,050,000
200,000
750,000
415,000
2,000,000
2,000,000
600,000
250,000
I
7
*
H Jan., VO
Q—F.
M.AN.
3
3
7
3
7
F.AA
2k Feb
•
J. A J.
Q-F.
J.AT)
Q-J.
2k Jan., ’80
7
8
A.&O.
7
J. A -T.
J.&J.
A.&O.
M.AN.
A. A o.
M.AN.
I. A J.
Q-F.
,J. A .J.
F.AA.
M.A N.
..
.
t
7
7
2k
7
7
7
5
7
0
7
4
7
.
00
85
Feb., ’80 110
June, ’93 110
Jan , ’80 100
lan., ’84 100
Feb., ’80 170
Apr., ’93 110
25
*
Nov.1904 99
20
July, ’94 95
Jan., ’80 45
Apr , ’85 109
“
*
*
T
f
May, ’88
Sept. ’83
Price.
Months Payable.
Bonis
due.
Bid. Ask
StW York:
Water stock
1841-68
Croton water stock. .1845-51
..1852-60
do
do
Croton Aqued’ct8tock.l866
do
pipes and inalns...
Io
repervoir bonds....
Central Paik bonds.. 1858-57
do
uo
..1853-65
Dock bonds
1870
U75
do
Market stock
1865-68
Improvement stock.... 1869
co
...,18t9
Consolidated bonds
var
Street imp. stock
do
do
var
var
New Consolidated
Westchester County
Consolidate 1
Asses meut
100
104
104
106
18&4-1900 lit
May A November.
109
1907-1911
Feb., May, Aug.A Nov.
108
1898
do
do
108
1895
do
do
120
1901
May A November.
107
1898
117
1894-1897
May A November,
107
1889
do
do
1879-1890 102
do
do
113
1901
do
do
1888
i02k
do
do
7
do
do
[1879-1882 102
1896
ms
:
6 g.
January A July,
118
1894
do
do
7
a
105
1926
n
Quarterly.
102
1884
5
May ds November.
5
5
0
6
7
0
5
6
7
6
7
6
7
Feb., May Aug.ANor.
do
do
do
do
do
do
1880 :
1890
1883-1890
1884-1911
8*
92k
90
10L
105
107
112
124
112
100
100
122
100
118
108
116
115
JQ6
88
.
108
[Quotations by N. T. Beers, Jr., Broker, 1 New st.]
86
70
Jan., ’90
Dec.1902 100
*80
1S90
4
'7
t5
,,
m
7
J.A J.
M.AN.
M.AN.
Rate.
Jan.. '80 140
Jan , ’80 95
1888
100
A. AO.
J
»*
J. A J.
J. & J.
J. AD.
,ft
18
2
J. AD.
•
1
J’ly,190u i 94
Jan.. ’PO i 75
7
July, *84 104
3k Feb., 80 150
Nov., ’80102
Q-J.
Q—J.
[Quotations by Daniel A. Moran, Broker, 27 Pine Street.]
do
1
+ 3or*lus
City Securities.
Interest.
£5
90
75
50
ilS97
Over, all liabilities, including re-insurance, capital and scrip.
inclu'ea scrip.
2
105
60
152
1*?6
L08
3k Jao.,
3
Aug.,
ik Jan..
3k Jan.,
2k Jan.,
•
:20~
May, ’79 105
3k Jan.. *70
J. A J.
M.AN.
900,000 J. A J.
..
VWIUIUU
Lorillard
Tradesmen’s....
Broker. 145
1,000
250,000
JDn/ Dock, E. B. dk Battery—stk
100 1,200,000
1st mortgage, cons’d
500&C
900,000
Eli hih Avenue—stock
100 1,000,000
1st mortgage
1,000
203,000
kid 8i.dk Grand St Berry—\Btock
100
748,000
1st mortgage.....
1,000
236,000
Control Cross 2own- stock.
100
000,000
Ut mortgage
1,000
200,000
Houston, West st.dkTav.F'y—stk
100
250,000
lstm rtgige
500
500,000
Second Avenue—stock
100 1,199,500
Sd
Tons. Convertible
Extension
*
1882
M.AN.
J. A J.
F.A A.
/1,500,000J
M
2k Feb., ‘PO
3k Nov, *79
1,500,000
750 000 M.AN.
bonds
Fulton Mnniclpal
I
Knickerbocker
Rutgers'
.
Feb., *80 127
3k Feb.,’80 100
1* Ju-y, ’79 08
700,000 M.AN.
M.AN.
J. A J.
4,000,000
1,000,000
800,000
300,000
406,000
1,000,000
1,000,000
1,000,000
Date.
5
5,000,000 Quar.
1,000,000 f:a A.
1,000,000 Var
bonds
i
150,000
280,000
150,000
200,000
150,000
200,000
800,000
Star
.
2k Feb;, ’80
4,000,000 J. A J.
2,500,000 M.AS.
1,000(000 M.A8.
Metropolitan
<a
7
3
7
5
5
750,000 J.A J.
Manhattan
„
Amount. Period.
2,000,000
1,200,000
bonds.
Harlem...^.
200,010
Standard
Nov. ’79. 4
Jan., ’80. 6
25
12*
4,089
116,815
78,922
’79.10
’80. 8
*80.10
«
Gas Companies.
do
*
Kings Co.(Bin)
Republic
Bonds.
,
500,000
200,000
200,000
Importers’A T..
Irving
St.
18
5
125
98
185
195
170
190
117
’80. 6
’SO. a
’80.10
‘80. 5
Jan.. ’80. 5
July, ’77. 5
Jan., ’80. 6
17}
875,e06 10
160.000
Howard
People’s
5
are of date Feb, 27,1880, for the National
Dec. 13,1879 (latest return made), for the State banks.
Gas and City Railroad Stocks • nd
_
....
Longlsl.'Bkn f
•• •
Jan..
JaD.,
Dec.,
Feb.,
Jan.,
Js”.,
Feb.,
10
20
20
20
20
200,000
150,000 120 800 20
500,000 085,945 10
54,536 10
200,000
3,000,000 1,320.785 10
Lamar..
Lenox
•
130,442
Bid* Ask
Last Paid.
544,412 20
73,858 14
09455 15
138.833 15
08,930 12
70,147 12
-
200,000
200,000
Lat'ayette(Bkn;
89
03,545
386,940
300,404
190,447
480,579
103,429
130,255
2,725
112,401
1108,151
500,000
..
1877. 1878. 1879.
475,871 15
1,000,000
Germania.
Globe...
Greenwich....
Guardian
Hamilton
Hanover
Hoffman
Home
1880.*
150,000
200,000
German- Amer.
Jefferson
112
Jan.,’80. 3k
Jan., ’80. 3k
7
8
12
Eagle
Empire City....
Exchange
Farragut
FrankllnAEmp
3k
2k
*litx2 figure* in this column
and of date
.
•
Nov. ’79. 3k 120
-
Columbia....
Hope
Jao., ’80 3
7
3
•
••«
*8J. 3
Jan., ’90. 3k
Jan., ’79. 3
"6k
•
•
•
4
4
miy,
Feb.,’80.
Jan .’60.
Jan., ’80.
Jan., ’80.
Ian. ’80.
250,000
300,000
200,000
1,000,000
300,000
200,000
200,010
200,000
204,000
Ffremen!8
Firemen’s Tr..
120
Feb., ’80. 2k
3
3
9
10
0
7
«
4
Jan.,
•••
210,000
Clinton
,
3k
8).
’79.
*80.
’80.
’80.
300,000
Commercial
Continental., t
.
10
10
0
•
115
100
July, ;i7- Z
7 ’ Tan., 80. 8k
100k
•
8
0
•
141
60 3k
,
J n„
Jan.,
Nov.
Jan.,
Jan..
Feb..
Jan.,
8
•••
172,000 J. A J.
53,000
037,500 F.AA.
119,000
9
12
5
•
•
Jan.
153,000
1
City....
5k Jan., 80. 3
7
Jan,, ’SO. 3k
•••
332.500 J. A J.
120,000 J. A J.
100 2,000,000
People’s*
25
412T.500
Phentx..;
20 1.000,000
Produce*
60
125,0L0
Republic
100 1,500,000
St. Nicholas..., 100
500,000
Seventh Ward. 100
300,000
Second
100
800,000
Shoe A Leather 100 500,000
Sixth.
100
200,000
State of N. Y.. 100 800,000
Third
, 100
^1,000,000
Tradesmen’s... 40 1,000,000
50 1,200,000
West Bide*
100
200.000
I The fi<
7
• • • •
J. A J.
Citizens’
2k juiy,
Z*
3
May, ’79. 3
0
77,2"0
45.400 M.AN.
786.100 J. A J.
48>600
•
....
1,111,800 J. A J.
75.000 F.AA.
105,700 J. A J.
123,600 J. A J.
70,000 J. A J.
173,000 J. A J.
•
Brooklyn
227k
4
3
••*•
....
Bowery
5
3k
3k
139'
4
2k 83
5
3
Nov.!
Jan.!
400,000
200,000
300,000
200,000
Broadway
275
•
.
American
+
American Exch
106
117
128
97
3
3
.
Par. Amount
....
Price.
Dividends.
Jan. 1,
117
5
,
.
'
•
Net
Surplus,
Capital.
Companies.
Jan., *8(W3k 143
25 1,000,000 1,184.900 J. A J.
82 200 J. A J.
25
300,000
834 900 J. A J.
100 2,000,000
Central....
7
Chase
100
69.200
800,000
Chatham
25
0
450,000 185,600 J. A J.
Chemical
100
800,000 3,270 700 Bi-m’ly 100
Citizens’..
25
0
600,000 159.900 J. A J.
100 1,000,000 1.475 800 M.AN.
10
City
100 5,000,000 2 777.400 J. A J.
Commerce
8
Continental.... 100 1,000,000 160,000 J. A J.
Corn Exch’ge*. 100 1,000,000 830.100 F.AA. 10
10
Feb, ’80.
East River ..... 25
64.100 J.A J.
•
250,000
3k
j*n.,
11th Ward*.... 25
14,000 J. A J.
100,000
July 76.
Fifth
100
35.600 J. A J.
0
0
150,000
Jan., 60.
Fifth Avenue*. 100
100,000 201 000
First..
100
12
120
500,000 l.fc97,«00 Q-J.
Jan., ’80
Fourth
863.400 f.AJ.
100 3,200,000
0
6
Jan., 80
Fulton
30
7
600,000 387.100 Vf.AN. 10
Nov, ’79.
Gallatin
50 1,000,000
753,200 A.A O.
7
7k Oct., ’79.
67 100 F.AA.
German Am.*
7ft
750,600.
2k Feb., ’80.
German Exch.* 100
60.100 May.
5
5
200,000
May, 79.
Germania*
100
57,230
8
200,000
Nov., 79.
15,200 M.AN.
0
0
Greenwich*.... 25 200,000
79.
23,000 J. A J.
Grocers*
30
225,000
Jan., ’77.
2O0.2;O I. A J.
Hanover
100 1,000,000
7
7
’80.
Imp. A Traders’ 100 1,500,000 1,801,000 J. A J. 14
14
J»n.. ’80.
50
8
8
500,000 120.100 J. A J.
Irving
Jan., ’80.
Island City*... CO
4,400 J. A J.
3
100,000
»7an.t ’78.
Leather Manuf. lOOj 600.000 420,000 J. A J. 11
8
’80.
8
Manhattan*.... 50 2,050,000 1,027.700 F.AA
7
Feb., 80.
Manof. A Mer.* 20
100,000
10,500 J.A J.
July, 'T9.
Marine
3
100
400,000 100.300 J. A J.
Jan., ’80.
Market
7
100
500,000 271.900 J. A J.
7k Jan., ‘80.
Mechanics’
8
8
25 2,000,000
948.800 J. A J.
Jan., ’80.
Meek. Assoc’n. 50
2
4
73.40U M.AN.
500,000
Nov ’79.
Broadway..
Bid. Ask
Last Paid.
i
Mark’d thus (*)
Brooklyn—Local im lr’ein’t—
City bondB
do
P;irk bonds
Water loan bonds
..
..
.....
Bridge bonds..
Waier loan.
-
. .
...
City bon as
Kings Co. bonds
do
6
do
Park bon6s
»
7
7
7
7
7
6
6
7
....;
Bridge...
....
*A11 Brooklyn bonds flat
6
0
Jaiuary A July,
do
do
do
do
ac
do
io
io
do
do
do
do
Mav A November.
do
do
January a July.
do
do
1879-1880 101
1881-1895 102
1915-1924 124
1900-1924 124
1904 1912 123
1899-1905 109
1881-1895 103
1880-1883 HJ0
1880-1885 114
1924
114
1907-1910 113
JOB
111
126
126
124
118
115
111
III
115
[Quotations hy C. Zabribkie, 47 Montgomery St., Jersey City.]
May. ’77 125
July, ’90 105
Nov., ’79
150
July, ’90 103
Feb.,’90
105
’93 103
May.
stocfcs, but the date of maturity of bond 8
)
Jersey City—
Water loan .long..'
do
1809-71
Improvement bonds
Bergen bonds
1868-64?.
0
7
7
7
January A July.
January A Juiy.
J.&J. and JAD.
January and July
ini
1805
1899 1902 107
189V04 105
1900
100
102
108
106
101
March
295
THE CHRONICLE.
20 1980 ]
It has been the
AND
CORPORATION FINANCES.
The
INVESTORS'
Saturday, April 24.
f
SUPPLEMENT.
index to all reports and items heretofore
INDEX SINCE MARCH
The following
is
an
the Investor’s Supplement;
black-faced type :
since the last issue of
reports are indexed in
Atchison & Nebraska
Atlanta & Charlotte Air-Line..
Atlantic Mississippi & Ohio ...
Central of New Jersey.
272
Charlotte Columbia & Augusta. 271
.
Chicago Burlington & Quincy. 272
Chicago 8t. Paul & Minneapolis 264
Chicago & West Michigan..... .270
Cleve. Mt. Vernon & Del:
271
&
Tuscarawas Valley
Columbus Chic. &Ind. Cen.... 274
Detroit Lansing & Northern... 2 71
East Bound Freight Tariff
264
273
Jersey Midland
N. Y. Lake Erie & Western
New Orleans <fc Mobile.
iv ew
....
272
Indiana
274
Texas & Pacific
273
Xndianap. Cin. & Lafayette
273 Virginia State Debt
273 J
Mobile
ANNtJAl«
264
264
274
St. Paul & Duluth
St. Paul & Sioux City
Housatonic
Houstdn & Texas Central
Little Pittsburg Mining Co.... 273
Louisville & Nashville
273
Louisville <te Nashville—N. O.
274
271
Richmond & Petersburg
272
273
273
273
Pennsylvania Railroad
274
Peoria Decatur <feEvansville.. 264
Dartfdrd & Conn. Valley
&
m
Missouri & Pacific
272 Quincy
Richmond & Allegheny
Wheeling
Grand Rapids &
U. S.
Transportation on Land-
Grand Roads
Union Pacific.
264
270
264
Wabash St. Louis & Pacific
Western Union Telegraph
Wisconsin Valley
...
264
264
272
REPORIB.
Missouri Kansas & Texas.
31, 1879.)
The Union Trust Company of New York, trustee under the
mortgages, submits, for the information of bondholders, the
•
•
(For the year ending December
report of the general manager, showing the operation of the
road for the year, the results of business, and the disposition
made of the funds coming into the hands of the trustee.
The gross receipts and
year were as follows:
disbursements of the trust during the
Gross earnings
Net proceeds land sales ....
Net proceeds Denison Cotton
Interest allowed by Trust
•
1 ■'’
$3,344,291
51,063
27,101
3,615
i.
Compress
Company..:
$3,426,071
2,406,621
V
Lees total expenditures
Balance
Add Jrom notes
1
of Houston & Texas
$1,019,450
190,445
Central RR. Co
proceeds
Applied as follows:
Coupons and interest.:
$1,209,896
:
Net
$811,491
Account Denison Cotton Compress.
Purchase of Booneville Railroad bridge
Net balance for. 1879
Add balance Dec. 33 ,1878:
General manager’s ledger;
Union Trust Co., cash
V
Do
U. P. So.
“
Department of the Chronicle presented
to court for decision. This was done, and resulted
order of the court affirming the propriety of the claim
annual
made by the Trust Company, and ordering that the expenses
Pittsburg & Cleve... 273 and taxes paid out of the general income of the property since
272 I Marietta
Milwaukee
& Northern
273 the appointment of the receiver should be refunded out of
272
273
272 Missouri Pacific
272 proceeds of land sold. The effect of this has been an addition
Montpelier & Well’s River
published in the Investment
Cleve.
payment upon the coupons, the amounts called for
by the agreement having been applied in October, 1879, upon
the coupons due Feb. 1,1878, ana in Dec., 1879, upon those of
Aug. 1,1878.
’ '
The Trust Company believing that the taxes and expenses
of the land grant were not a proper charge upon the trust, but
should be defrayed out of the fund resulting from sales, agreed
with the trustees of the Union Pacific Southern Branch mort¬
gage to have the question of the construction of the mortgage
to resume
SUPPLEMENT\
next number of the Investors’ Supplement will be issuec
THE
15,726
65,000— 892,218
stock
an
$51,063.”
derived from
the notes of the
in
to the amount available for income of 1879 of
A further addition to income of $190,445 was
the collection and sale during the year of
Houston & Texas Central Railway taken by the trustee
1877 in settlement of traffic balances.
Under the advice of the advisory board and with the
of the railway company, the trustee
the Land Grant Railway and Trust Company the
sanction
agreed to purchase from
entire capital
stock of the Booneville Bridge Company, $1,000,000 in amount,
at a cash outlay of $65,000, and consented further that the
account between that company and the railway company should
be reopened and finally adjusted by the issue of $200,000 income
secona mortgage bonds in full settlement of all claims.
Under
this arrangement there have been delivered, and are now held
by the Trust Company as trustee of the M. K. & Tk Railway
consolidated and second mortgages, 9,872 shares of Booneville
Bridge stock, costing $63,765, ana there is reserved; against the"
small balance of outstanding shares when presented $1,235
in cash and $1,500 in second mortgage bonds.
The estimate in 1878 of renewals and improvements to be
made in 1879 amounted to $510,200 ; the actual expenditure for,
these objects was $473,295 ; the estimate for similar purposes
for 1880 is $689,000, the principal item being for 8,000 tons
steel rails to replace worn-out iron, of which an amount equiv¬
alent to 140 miles is
J
;....
With the sanction of
139,622
mortgage debt.
York.
’
—
$2,039,927
Passengers 1..
766,601
number of bales of cotton
95,394 in 1878.
carried in 1879 being 165,511,
against
54,775
Express
this year over the last
miles of steel rails in the track on
Dec. 31, 1879, was 214
$415,936
714,750
112,072
54,775
2,109
Totals
....
i\
10,414
Miscellaneous
$5i‘,850
3,584
6,829
$362,610
$3,344,291
$2,981,681
Expenses.
Decrease*
Increase.
1879.
1878. '
$7,501
524,024
$479,057
503,176
225,539
213,926
11,613
500,035
106,359
460,219
394,903
101,993
282,462
105,132
$2,302,739
$1,975,519
Net earnings..
$678,942
$1,368,772
$689,829
Improvements
206,984
190,833
$471,958
$1,177,938
$705,980
36,913
33,971
6,211
3,527
Motive power
M’ntenance
$486,559
of
way
Renewalle¬
Total operat’g
expeu’s and
renewals
20,847
4,366
177,757
$327,219
16,150
Rent’l of leas’d
engines and
cars
Equipm’t and
betterment,.
Net
proceeds..
$1,140,439
Mail
Express
Miscellaneous
NUMBER OF
one
Rate
YEARS.
1878.
1877.
1876.
1879.
$1,955,115 $2,196,432 $2,176,275 $2,039,927 $2,455,863
819,487
750,977
832,675 766.601 714,750
94,925
109,962 112,072
132,351
122,669
62,447
54,775 ' 54,775 " ' 54,775
54,775
*
23,914
6,829,
4,034
38,670
10,414
$3,197,320 $2,981,681 $3,344,291
CARRIED ONE MILE, AND RATE PER TON
$2,904,925 $3,217,278
TONS OF FREIGHT
PER MILE, FOR FOUR
freight moved
mile
$ ton $ mile.
105,110,714 108,890,257
02’089c.
01*998c.
[Any bondholders who desire
report can obtain
YEARS.
1877.
1876.
Tons
$711,606
-
EARNINGS FOR FIVE
1875,
Freight.......
Passengers...
2,684
__
$428,833
SOURCES OF
Total
formed an
item
result.
Improved
important
in the net
drainage and the
increased number of miles laid with steel rails have had their
influence in diminishing the outlay for maintaining the track in
condition, to which the favorable weathet of the past year has
alsd'contribnted. The number of miles of steel rails laid during
the year was 77requiring 6,334 tons; and the total amount of
The decrease in expenses
1878 AND
'
Decrease.
Increase.
$2,455,863
109,962
Mails
$187,292
100,000
170,008— $457,300
nearly
maintained, being *01724 in 1879, against *01726 in 1878.
The >large com crop along the line of the railway contributed
materially to this result. The movement of corn, moreover,
was in a profitable direction, 2,506 car-loads having gone into
Texgs, as against 449 the year before, from which State, on the
other hand, the cotton movement was largely increased, the
*
1879.
,
Freight
Geu’lex pens’s
equipment $35,217.
The improvement in earnings is due to the growth of the
volume of business manifested in the number of tons moved one
mile, which shows an increase for this year over the preceding
of 24,227,941 tpns, while the rate per ton per mile has been
1879.
Earnings.
1878.
M’ntenance of
Tbje general manager’s report shows that the net income from
the operation of the railway was $1,043,208; the net income for
1878! was $348,483; the increase in earnings in 1879 being
$302^610, and the decrease in expenses in 1879, $332,114. From
th&pet income there was further applied in purchase of leased
EAKNINGS AND EXPENSES IN
STATEMENT OF
COMPARATIVE
$457,300
:
and railway com¬
were made in the interests of the M. K. & *
extending the Denison & Southeastern Road in.
a southerly direction, and for purchasing the Denison & Pacific
Railway, already completed westerly from Denison to Gaines¬
ville, a distance of 4life miles.- The extensions are to be oper¬
ated under a traffic arrangement providing for their ultimate
acquisition by the M. K. & T. Railway as additional security
to its
cars.
Balance Dec. 31,1879:
General manager's ledger.,
Remittances in transit
Union Trust Company of New
SOUTHEASTERN RAILWAY.
the advisory board
pany, arrangements
T. Railway for
Conducting
transports
$50,624
..$86,837
Br’ch coupons. 2,160— 88,997
reported in need of renewal.
DENISON AND
$317,677
V
renewals and
improvements, as far as practicable, to what was absolutely
needed, with the view of complying as nearly as possible with
the payments to bondholders called for by the agreement of
March 1, 1876. The net income of the trust enabled the trustee
luujestwjettls
STATE, LIT£ AND
policy-of the trustee to confine
1878.
1879.
118,190,343 142,418,284'
01*726c.
pamphlet
Company.]
copies of the fall
them from the Union Trust
Ol^'-Mo.
296
rHE CHRONICLE.
Hannibal & St.
Joseph Railroad.
ending December 318t, 1679.)
(For the year
The annual report has the
following
:
INCOME ACCOUNT.
Earnings during the year
;
Operating expenses including taxes
Net
$1,997,405
1,223,421
earnings
$773,983
657,320
st
Coupon interest
Net earnings over coupon interest
Receipts from sales of lands not included in
assignment to Farmers’ Loan <fc Trust Company. $35,676
Otlier sources
$116,663
1,513—
Total income
Proceeds of sale of
This
sum
$261,000
land grant
sinking fund bonds.
has been applied or remains in hand
Construction
New
equipment
'
Reduction of funded debt
Reduction of bills and accounts
payable
Increase of cash over last report
Increase of freight in transit, &c
Increase of credit balances of current
accounts
St. L. K. & N. W. bonds
^Balance of sundry accounts
as
37,190
$153,854
261,430
$415,284
follows:
[VOL. XXX
Owing to the rupture in the Southwestern
Association, caused by the"
bhe withdrawal of the St. Railway
Louis "lines, and
extending from the 12th April until the 15th September, the
rates for carrying
freight during this period of five months
were very low, and
consequently entailed a
loss in
revenue.
The passenger business eastward was heavy
also seriously
affected by the same cause.
In May the rate
per ton per mile on
low as 37-100 cents, and for the entirethrough freight was as
year the average was
78-100 cents, against a similar
average for 1878 of 11-10. On
the tonnage actually handled
during the year, this difference
in rate was equivalent to a loss in
revenue of $288,915.
During
the year there were moved 622,553 tons
freight and 282,379 pas¬
sengers, against 543,472 tons freight and 257,916
passengers in
1878, being an increase of 14% per cent in volume of
freight
and 9% per cent in
passenger traffic over the business of 1878.
SUMMARY OF RESULTS OF FREIGHT AND
PASSENGER TRAFFIC FOR
AND
$92,315
1878
Freight
47,587
67,000
68,679
28,825
11,018
87,664
1879.
Earnings..,,
Tons carried
Tons carried
one
The reduction in funded debt since last
year’s report is by
the payment of the
Quincy & Palmyra first mortgage 8 per
cent bonds, $67,000 of which were
outstanding and beeame due
February 1st, 1879. The company has no floating debt. The
vouchers and pay rolls are paid to
December. The item of
accounts payable in the balance sheet
represents the December
pay-rolls and vouchers. The item of bills payable
622,553
mile
per ton per
Cost per ton per mile
$1,295,250
$832,322
543,472
100,012,716
1 29B1000C*
$809,271
.
Earnings
3,998— $415,284
1878.
$1,127,433
Expenses
8,194
.
1879.
111,987,174
mile
1
7ioooc-
72iooc.
8B100C*
Passenger Traffic.
Earnings
$569,458
Expenses
Earnings
282,379
21,545,368
^iooc.
per mile
Cost per passenger per mile
$549,062
$394,228
257,916
19,108,676
2 87iooO.
$414,150
Passengers carried...
Passengers carried one mile
,
1
;
92iooc.
2
0610o0.
($91,125) is
Chicago Clinton Dubuque & Minnesota.
composed entirely of the remaining notes of $2,025
each, for
freight cars, maturing monthly until September, 1883.
KFor the year ending Dec. 31 et, 1879.)
The
payment of the twelve notes of this series maturing
The
first annual report of this consolidated
the
past year and the $45,569 bills payable for steel rail,during
company sup¬
shown in plies the following information:
the last report, constitutes the reduction in
this account. Dur¬
ing the year 48 miles of track have been laid with new steel and The gross earnings were.
$491,075
The operating
there are now about 177 miles of steel track.
expense^including taxes)
370,996
The condition of the road is
as
follows
Net
:
Hannibal to St. Joseph—Main Line
8t.
Joseph to Atchison—Extension
Cameron & Kansas City Branch
Miles.
206 41
19-47
53-05
13*42
^
of Main Line
Palmyra & Quincy Branch
Total
earnings
The gross
.*..
$120,078
:
earnings exceed those
of the previous year
by
$11,275. The smallness of this increase is due
to the fact of a
partial failure of the crops in 1878 in the region of the
through which the road
country
runs.
length of track
The operating expenses exceeded those
292-35
of the previous year
As the result of the
reorganization and extension of the St. by $34,130, which is accounted for by unusual
expenditures for
Louis Keokuk & Northwestern
Road, 192 shares preferred and repairs of bridges, equipment, etc.
192 shares of common stock of the
The
bonded debt was increased
reorganized company have
by the construction of three
been issued to this company, and
they
subscribed
for the bonds narrow-gauge roads. These roads run due west from the main
issued for the purpose of the extension of the
St. Louis Keokuk line, aggregating a distance of about 118 miles
completed, and
& Northwestern to the extent of
$35,716, three-fifths first 21% miles to be completed, through a fertile country, and will
be valuable
mortgage and two-fifths second mortgage at the rate of
to the road. Two of them are
fifty and the thirdfeeders
finished,
cents on the dollar for the whole.
one will be
completed this summer.
Details
of
LAND DEPARTMENT.
receipts and disbursements for the year 1879 :
The transactions of the
Gross earnings—From
and department show
passengers
$131,502
greatly
increased activity. A complete re-valuation
has been made,
based upon actual inspection
by competent experts. The
upon which payments were in
have been canceled and the land
placed
greater part of the contracts
arrears
again in the
market.
The cash
receipts of the
year were as follows
:
Free land (i. e. not covered
by assigned contracts).. $51,019
Assigned contract lands
263,692—$314,711
The expenses of the
department, including the taxes of the
year upon the lands, and exclusive of payments
for principal
and interest of bonds, have been:
Free land
$14,187
31,980—
Assigned, etc., land
Net income from land.
46,167
$268,544
From these receipts the sum of
$35,676 has been paid into the
treasury of the company. From the portion which went into
the hands of the Farmers’ Loan & Trust
Company, as trustee,
the interest on the land
grant bonds has been paid, and $200,•000 of the bonds drawn
by lot have been paid in accordance
with the terms of
There
-
the trust.
sold of these bonds from time to time
during the
year, at par and accrued interest, for the
purposes of construc¬
tion and additional
equipment and payment of the Quincy &
Palmyra first mortgage, $261,000. Of the $1,000,000 issue
land
grant bonds of January 1st, 1878, $350,000 have been drawn
and paid and there remains
$158,000 unsold,
Operating
Taxes
leaving outstand¬
Contracts with the
Chicago R. I. & P. RR. Company have
been made, giving the
right to a joint use of the road from
Cameron Junction to Kansas
City for a rental, and the right to
use the Kansas
City Bridge upon an agreed schedule of
tolls,
substantially the same as that of the Atchison Bridge
Company.
Contracts were also agreed
upon with the Missouri Pacific
Railroad for the joint use
by
them of the track between
Atchison & St.
Joseph.
EARNINGS AND EXPENSES TO DEC.
31.
1879.
_
Passengers
$566,876
1,247,835
Freight
U. 8. Mails
48,463
30,349
103,881
Express
Miscellaneous
Total
Expenses (61-25
earnings
per cent of
earnings)
•'
1878.
$549,062
1,295,250
51,089
24,688
125,361
$1,997,405
1,223,421
$2,045,450
1,265,095
$773,983
$780,355
341.312
;
From miscellaneous
14,014
3,436
sources
810—$491,075
expenses were (72-28 percent)
$354,928
16,067—$370,996
Leaving
as net
earnings (24-45
per cent)
Amount expended for construction in 1879
Paid for right of way main line
Purchase of warehouse at
Lansing, la
Fire-proof vault at general office
Elevator at Brownsville, Minn
Lots in Bellevue for depot
grounds, &c
on
$120,078
:
$9,629
Depot and grounds at Caledonia Junct.,Minn.
Accrued interest
bonds
1,150
2,783
2,500
2,026
3,167—$21,256
25.666
Miscellaneous interest.
Old indebtedness
8,436
4,708—60,067
Balance
Received subscriptions’in aid of
in 1877.........
Leaving
were
ing $492,000.
Net
From freight
From mails
From express
.$60,011
building Volga Valley Branch
5,791
as revenue in excess of expenditure.
i
BALANCE SHEET JANUARY
.
.
.1
$65,802
*
Construction account...'
1, 1880.
$6,230,192
Equipment.
233,825
Miscellaneous balances due from others.
Stock of Waukon & Miss. RR. Co.
First mortgage 8 per cent bonds Waukon &
Miss. RR
Cal. Miss. & West. RR
Cal. & Miss. Railway
Chicago Bellevue C. & Western RR.
Waukon & Miss. RR
Due from subscribers for new bonds
Minnesota town bonds
68.466
56,643
27,00Q
.....
;...
326,178
75,600.
124,
-~':,184
38,986
66,000•
..
_
Total
(including other small items)
—
Capital stock
C. C. B. <fc M. RR. Co. 5 year 7 per
cent bonds of Feb. 1, ’79
“
“
30
“
“
Jan. 1, ’80.
.
Unpaid vouchers
Accrued interest
Bills payable
Income account
Total
on
5-year 7 per cent bonds
.-
(including other small items)
:
.
30,600
$7,309,062
$6,151,440
400,000
553,000
47,961
11,666
99,000
45,100
$7,309,062
Cumberland Valley Railroad.
\{For the
year
ending December 31 st, 1879.)
The animal report of this
company has the following.
The revenue from all sources ana the
expenses were as fol¬
lows:
March
20, lt80.]
GROSS
EARNINGS.
For
$300,933
152,422
6,678
8,647
34,916
From freight.
From passengers
From mail
From express..<
From miscellaneous
OPERATING EXPENSE*.
conducting transpor¬
$503,597
>.
Appropriated as follows:
bonded debt
Ten pel* cent in quarterly
12,873
$238,697
Net earnings
State tax
Interest on
$76,750
47,664
43,187
58,221
tation
For motive power
For maintenance of cars..
For maintenance of way..
For general expenses
$264,900
$21,770
26,548
177,785—$226,103
$38,796
Surplus.,
The cost of operating the main line for the year was 47 4-10
per cent of receipts.
. »
The following statement exhibits the business of the year, as
dividends
297
CHRONICLE.
THE
The average operating
63 2-3 per cent.
cost, including taxes,
PAYMENTS OTHER
THAN OPERATING
Heal estate for docks (additional)
Mail and machinery for car shop
Four locomotives
New freight cars
preceding one :
$10,178
40,206
$50,385
$264,900
214,514
$50,385
earnings
in operating expenses
Increase in gross
Decrease
Increase in
Net earnings,
Net earnings,
net earnings
1879
1878
Increase
of freight
Number of tons
For 1879
For 1878
and tenders.
Paid bills payable
Paid accounts due
due prior to Jan. 1,1879
prior to Jan. 1,1879
1879
Increase accounts receivable in
C. T. V. & W. Railway 2d mortgage
Real estate
bonds—cost
Tug R. K. Hawley
General supplies (increase)
Interest on bonds due
Interest on new bonds
.
prior to October
1,1878
GENERAL BALANCE DEC.
Assets.
31, 1879.
$4,644,671
14,452
3,569
624
1,071
28,826
657,386
17,517
equipment
Cost of rofwh depots, shops and
General supplies on hand
Due from other companies
Due from Post Office Department
Due from agents
'.
Miscellaneous collections.
Advances to Wheeling Extension
Real Estate
Income
5,600
’.
TugR. K. Hawley
$680,503
33,253
account to balance.
$5,406,973
1
,
Liabilities.
$1,055,950
579,000
..
cent.
55,476 tons, or 17*io Per
moved one mile
moved one mile
during 1879.
during 1878..
12,485,385 tons.
..
11,030,907 tons.
1,454,478 tons, or 13210 per cent.
Increase
136 tons
Capital Stock.
C. T. V. & W. Railway 1st Mortgage
L. S. & T. Y. Railway 1st Mortgage
(new)
building at
cabin
Moitgage Scrip
POTOMAC RAILROAD.
Hamings
Expenses
.
;
$5,406,973
esti¬
condition.”
follows:
MARTINSBURG <fc
2,000,000
180,000
1,397,000
7,746
5,394
31,638
19,292
1,238
210,000
18,900
812
.
E. & B. R. Railway 1st Mortgage
C. T. Y. & W. Railway 2d Mortgage.
C. T. V. & W. Railway 2d
Bills payable
BiUs audited
report says: “ We have laid, during the year,
Pay-rolls audited
of steel rails, and renewed 47,759 cross ties. Our equipment Due other companies
has been increased by the purchase from the Harrisburg Car Unpaid coupons L. S. & T. V. 1st Mortgage
E. <fc B. R. 1st Mortgage
Company of twenty gondola cars, and we are
our Treasurer’s
overdraft
own shops
three passenger coaches and three,
cars,
which, though not yet completed, are charged at their
The tonnage for the year was—
mated cost to the expense account. We have now 48 1-10 miles
of main track laid with steel rails, and have the satisfaction of Coal
Miscellaneous
.%
reporting roadway and rolling stock in good
Earnings and expenses of the leased lmes were as
Total
The
$2,525
4,191
10,672
40,666
44,068
8,235
24,137
18,006
17,517
5,60.0
4,673
2,590
2,083
$184,969
moved on main line and branches:
374.172 tons.
318,696tons.
Increase
Tons
Tons
EXPENSES.
.
-
compared with the
for the year was
Average
$11,468
10,082
$1,385
receipts per ton per mile
In order to
*.
117-100 cents.
obtain the money necessaiy
Wheeling extension,
455,519 tons
98,723 “
554,242 “
to construct the
all the mortgage-bond holders signed
an
themselves, and with the company, by which
Net earnings
mortgage securing 700 bonds of $1,000 each should become a
DILLSBURG & MECHANIC8BURG RAILROAD.
1878.
1879.
first lien upon the entire railroad and property of the company,
Gross earnings
$17,955
$19,209 which bonds so secured were accordingly issued and have been
Operating expenses
9,908
12,701 disposed of at par and accrued interest, five hundred and
bonds having been delivered to purchasers prior to
Net earnings
$8,047
$6,507 seventy-nine
December 31, 1879, and the proceeds applied in payment for
RAILROAD OP THE SOUTHERN PENN. RAILWAY <fe MINING CO.
and for steel rails.
Earnings
$15,693 construction
Six thousand gross tons of steel rails, purchased at $45 per ton
15,114 in May, haVe been received and laid on that part of the railroad
Expenses...
Net earnings
$579 .
has been
to the Wheeling extension.
The Shenandoah Valley Railroad is now approaching com- I rail
Laketransferred
Erie
and
i *
I between
Ka/vm
*1
it ° i
iMftilThe
Tina
^«Mi
v
ka^Ai
n
i
A
/1
W7L aaIiwhasr* nrlnnaiAn
of
construction
the
extension
progressed steadily
pletion. Hagerstown has been adopted as its northern ter¬
minus ; and a connection with our road, a short distance south since the resumption of work, June 1, 1879, and at this date
of the town, has been determined upon. Our depot and other (March 10,1880) the grading and bridging is nearly completed,
facilities at this point will afford them such terminal conve¬ and the track is laid with the exception or nine miles.
It is expected the track will be laid and sufficiently ballasted
niences as they will need, and a satisfactory agreement upon
this subject has been entered into. The route of the road will to begin business between Lake Erie and the Ohio River May 1,
be via Shepherdstown, through the counties of Jefferson, 1880.
Clarke, Warren, Page, Rockingham and Augusta, to a point
on the line of the Chesapeake & Ohio Railroad
at or near
GENERAL INVESTMENT NEWS.
Staunton, Va. It is now completed, and is^eing operated from
Shepherdstown to Front Royal, a distance of 45 miles; and
Atlantic & Great Western.—-The Atlantic & Great Western
the officers report that the entire road will be finished by the
close of the present yehr.”
Railway Company has been formally changed into the
vania & Ohio Railway Company, and the certifiGENERAL BALANCE DECEMBER 31, 1879.
Cr.
Jolumbus,
Ohio. The Rev. J. Lockington Bates,
Dr.
First preferred stock.... $241,900
Cost of road and equip¬
of
London,
purchased
who
the road for English bondholders,
ment
$1,887,465 Second preferred stock. 243,000
agreement among
a
Uhrichsville and the partly-worn iron
“
_
_
_
tt
i
i
_
_
York. An
Philadelphia, and
of the State
companies will
J. H. Deyereaux,
President, P.
the other officers wm
general office will be
statement of
1,292,950 states that no incorporation will be necessary m New
161,000 auxiliary company will be incorporated in
109,500 the certificate filed at Harrisburg with the Secretary
gent fund
576,149 Common bonds
81,800
Balance of accounts....
83,785
for dividends
45,473 of Pennsylvania. Within a fortnight the two
Cash, Dec. 31,1879
156,714 Due
1,783 meet, consolidate, and elect directors. Gen.
Due for interest on bds..
585,006 Receiver of the Atlantic & Great Western, will be
$2,362,414 Balance
$2,762,414 D. Cooper, General Superintendent, and
be appointed by the new company. The
in Cleveland.
[Cleveland Tuscarawas Valley &
—The London newspapers publish the following
(For the year ending December 31,1879.)
The airnual meeting of the stockholders was held recently in the total
Materials on liand
Trustees of the contin¬
58,299
Common stock
First mortgage
bonds...
Second mortgage bonds.
Wheeling Railway.
capital and annual interest charges as they will stand
I under the scheme of reorganization.
Interwjp.
contamed the following :
1
lien
bends,
at
per
cent
per
annum
$480,000
$8,000,000
6
EXPENSES.
mortgage bonds $25,280,845,at 5 per cent per annum, if
and repairs to
.....$362,332 Operating,
earned within the year
1,264,042
equipment
$188,967 Second
- 75,435
mortgage bonds, $11,627,886,at 5 per cent per annum,
and structures
80,418
6,352
earned within the year
581,394
3,657
mileage..
1,831
Third mortgage bonds, $28,783,000, at 5 per cent per annum,
taxes
11,386
798
earned within the year
1,439,150
$10,000,000
$284,430 Preference shares
j
Cleveland.
The annual report
capital.
OPERATING
EARNINGS.
From freight
From passengers
From mails
From express
From other sources
Prior
First
Track
For balance car
if
For
if
25,000,000
capitalized overdue interest (37 per cent on the first
The operating cost, including taxes, January 1 to November mortgage and 12 per cent upon the second mortgage) is
15, 1879, was about 59 per cent, and from November 15 to included in the above. The following securities have ceased to
December 31, 1879, about 78 per cent. The difference was
caused by the strike of coal miners in the Tuscarawas Valley I be a claim upon the Atlantic & Great
$446,749
Net earnings
:
cutting off earnings.
$162,319
*
Common shares
(estimated)
The
I ganized).
Western Railroad (^reor
298
THE CHRONICLE.
leased lines (1872) bonds
Leased lines (1873) bonds
Eight per cent Western Extension certificates
.Seven per cent Western Extension trust
bonds
$5,500,000
4,500,000
1,695,000
1,748,500
DISBURSEMENTS.
Vouchers subsequent to November
17, 1876 ...A.
$311,220 12
Payrolls
Arrearages
Cash
Total
[VOL. XXX.
on
122,598 16
296 71
hand March 1, 1880
201,899 68
$13,443,500
The amount required to meet the interest on the
prior lien
and first mortgage bonds as above is
$1,744,042. ,,The net rev¬
enue for'-the
Total
$636,012 68
Pennsylvania Railroad.—At
meeting held in Philadelphia
year 1873 reported by Mr. Devereaux was $1,920,- on March 18
of the committee
at the annual
appointed
000, which would be sufficient to pay the interest on the
prior of the Pennsylvania Railroad Company to nominate meeting
lien and first mortgage
directors,
bonds and the rental of leased lines.
the following ticket was nominated to be
voted for on Tuesday
Atlantic Mississippi & Ohio.—A
report has been issued next:—Thomas A. Scott, Josiali Bowen. Wistar
in London to the bondholders of the Atlantic
Morris, Samuel
Mississippi & M. Felton, Alexander Biddle, Henry M. • Phillips, N. Parker
Ohio Railway, stating that a decree for the sale
of the road had Shortridge, D. B.
Cummings, Henry D. Welsh, John Price
been obtained, the United States Circuit
Court agreeing to Wetherill, Alexander M. Fox, William L. Elkins and
James Mc¬
appoint the master commissioner to sell the
property. A Manus. Heretofore the shareholders have elected ten directors*
statement of accounts is
given, from which it
but the committee now present thirteen names to
be voted for.
receiver has $260,000 of funds in hand. The appears that the The
net revenue from
three last-named
were elected in November last
July to December 31, 1879, is stated at $475,629. The estimate to represent the stockgentlemen
then held
from the 1st of
city of Philadelphia*
January to the 1st of July of this year is $260,- which stock has since been sold. by theare
They
nominated
768. The report says that
the
probably “the final expenses of the committee to be voted for by the stockholders, to avoid by
a pos¬
foreclosure and sale may absorb the net
sible
legal question as to the right of their seats by virtue of
earnings after payment
of the divisional interest.”
that election.
Pending
the
for
sale
arrangements
under the foreclosure,
application has been made to the Court
to sanction the
Pittsburg Cincinnati & St. Louis.—At Columbus, Ohio,
payment of “ an interim dividend of $2 per cou¬
March 16, the annual
pon on all the overdue coupons of the consolidated bonds.
meeting of the Pittsburg Cincinnati & St.
Louis
was held.
The annual report for 1879,was sub¬
Chicago &■ Pacific.—Mr. Henry W. Bishop, Master in Chan¬ mitted.Railroad
The gross earnings for 1879 were
cery in the Federal Courts, has filed a report in
$3,603,123 and the
Chicago in the expenses for the same time
case of Blair vs. The
showing the net earnings
Chicago & Pacific Railroad Company, in to have been $1,599,562. $2,003,561,
Out of this was paid: Interest on
which he states that on the 1st
day of
1879, he had sold bonds, including second
the above road for $916,100, and that May,
mortgage,
$833,625 ; other items of in¬
the purchasers at that terest and
rents, $160,457, leaving a profit of $605,480. The net
sale paid $60,000 cash to him and $200,000 to the Clerk
by or¬ revenue from leased lines was $1,467,765 and the rentals
der of the Court.
The sum of $321,200 was
$193,subsequently
480, which, deducted from the profit on
allowed them, being an amount
Cincinnati &
Pittsburg
equal
to a 22 per cent dividend St. Louis lines
on 1,460 bonds owned
proper, gives a profit on all the lines of $412,000,
by them. Under an order of Feb.
being a net gain on 1878 of $557,757. The lease of a portion of
they paid $250,900, ana turned over fifty-two receivers’11,1880,
certifi¬ the Columbus &
cates which wTere credited to them as
Muskingum Valley Road to the Columbus &
$84,000 cash. These items Sunday Creek
Valley (now the Ohio Central Railroad) was rati¬
together made up the total purchase money of $916,100, which
fied. The old Board of Directors was
is now all paid, and the master was
re-elected, as follows :
accordingly directed to give Thos. A. Scott, Geo. B. Roberts, Wistar
the purchasers a certificate of
Morris, Strickland
purchase and to surrender them Kneass, H. H.
their 1,460 bonds.
Hunston, J. N. DuBariy, John Price Hetherill,
ail of Philadelphia; Wm.
Shaw, J. N. McCullough, Thomas D.
Cincinnati Indianapolis St. Louis &
Messier,
W. H. Barnes, Pittsburg ; Robert Sherrard, Jr., Steu¬
Chicago.—Mr. M. E.
lr.galls, President of the late Indianapolis Cincinnati &
Lafay¬ benville, and D. S. Gray, Columbus. The organization of the
ette Railroad, has issued the
new board was
following
circular:
postponed until a later date.
“On the 2d day of
1880, the Indianapolis Cincin¬
February,
nati & Lafayette Railroad was sold at
Railroad Freight Rates.—The
foreclosure sale, and was
Chicago Times gives a table
of freight rates from
purchased by a committee in the interest of
Chicago
to
New
York each month for
bondholders, which
*ale has been
confirmed, and a new company organized under twenty years. The rates are for shipments of grain and pro¬
the above title. By order of
the courts the property has been visions, and show the nominal tariff charges, which, however,
it is well known have not
transferred to said Cincinnati
always been strictly maintained.
Indianapolis St. Louis & Chicago
RATES IN CENTS PER 100 POUNDS.
Railway Company, such transfer to date from March 1,1880.
From and after that date all accounts
should be kept in the Year. Jam Feb. Mar. Apr. May. J’e. J’y. Aug. Sep. Oct. Nov. Dec.
I860.. 60
55
50
name of 4 The Cincinnati
45
42 Lj 40 45 45 55
60
65
65
Indianapolis St. Louis & Chicago Rail¬ 1861.. 60
65
57*2 60
55
50 45 45 55.
90
95
way Company,’ and settlement for balances made
95
85
with E. F. 1862.. 95 100
65
55
50 50 55 70
85
95 105
Osborn, Treasurer, Cincinnati, Ohio.
1863.. 105
105
85
80
70
67 60 60 55
75
Mileage reports to be for- 1864.. 110 110 100 75
95 110
wa led to same address.”
75-. .75 -.85. .SO. .95. .95
115 160
1865.:
-160
160
160
100
70
At Cincinnati, March
.70 .70. .70. .70.
95
130 130
13, a deed of transfer, under the 1866:. 80
70
70
,70
55
60 65 65 85
100
105
recent sale of the
90
Indianapolis
Cincinnati & Lafayette Railroad, 1867.-. -90- -•-80- 70-- -.55
50.. ..75 ..70 .7.0. .75
85
85
85
was left with the Recorder
1868.: 85
85
80
70
for record, and also a
60
50 55 60 65
70
75
75
mortgage from 1869.. 70
65
50
the new Cincinnati
50
50
45 45 50 65
65
70
70'
Indianapolis St. Louis & Chicago RR. Com¬ 1870.. 70 70
60
50
45
45 45 45 50
60
65
65
pany to George T. Bliss and
65
50
45
Harvey Bates, trustees, to secure 1871.. 65
45
40 45 50 55
65
65
65
the issue of $7,500,000 of
1872..
65
65
60
50
45
45 45 45 55
mortgage bonds of the new road.
65
65
65
65
1873..
65
65
60
45
45
45
45
50
Evansville Terre Haute &
55
55
60
55
40
Chicago.—Pursuant to the terms 1874.. 60
40
45
40 45 45 45
45
45
of lease of this
40
40
40
40
railway to the Chicago & Eastern Illinois Rail¬ 1875.. 35
40
45 40 40 40
30
40
45
road Company, holders of interest
1876..
45
45
40
35
30
20 20 20 20
certificates are notified that 1877.. 35
20
20
30
35
65
30
the .iame are now exchangeable for
30
30 30 30 35
40
40
40
1878.. 40
preferred
stock
on presen¬
30
30
25
20
16 16 20 30
tation at the office of the
30
35
35
1879.. 35
Farmers’ Loan and Trust
30
20
20
15
20
25
30
35
35
40
Company,
40
New York.
/St. Louis Iron Mountain & Southern.—The
Indiana Southern.—Under a decree
following notice
of the United States is published: “In pursuance of the
Court in a suit to foreclose a
agreement dated November
mortgage to Samuel J. Tilden and 27, 1878, under which nearly all the shares of stock of
W. H. Swift, the Indiana Southern
the St.
Railway, from Fort Wayne Louis Iron Mountain & Southern Railway
to Jeffersonville,
Company
have
been
together with all lands acquired by said rail¬ transferred to us, as trustees of the
stock trust therein men¬
way company and appurtenances,
subject
to
the
tioned,
notice
is
right of the
hereby given to all w'hom it may concern, that
Ohio & Mississippi and the Fort
Muncie & Cincinnati the said railway company has notified us that
Railroad companies to remove fromWayne
it claims that
said property any ties,
rails the time has arrived when, according to the provisions of said
and other structures thereon owned
by them, was sold at Vernon, agreement, the said stock trust is to
Ind., March 11, to John S.
terminate, and that in our
Swolzenberg,
an attorney of New Al¬ opinion it is so, and that we intend to take action
bany, Ind., for $50,000.
accordingly
by transferring the said shares of stock to the Farmers’
Loan &
Missouri Iowa & Nebraska—The
directors of the Missouri Trust Company for distribution, after the publication of this
Iowa & Nebraska Railroad
Company have ratified the proposed notice, for the time and in the manner prescribed by the
sale of that road to the
said agreement in that behalf.—Dated
Wabash. Contracts have been
New York, March 13th,
given 1880.”
out for extending
the main line thirty miles west to
Trustees,
Lenox
Robert
Corydon,
Kennedy, Samuel G. Ward,.
Iowa, and for grading a branch to Albia. After
foreclosure Thomas Allen, Nelson M. Beckwith, Charles H. Marshall.
and reorganization, the road will be
consolidated with the
St. Louis & San Francisco.—The land
Watash. The branch to Albia
operations of the St.
contemplates a connection with Louis & San Francisco
the Iowa Central and the
for the past year, as
ultimate absorption of the latter road
compared with
into the Wabash system.
preceding years, is as follows : The tables show the whole of
the two grants and the amount now
Nashville Chattanooga & St.
remaining. A<£es sold in
Louis.—Ex-Governor James 1878, 37,774 ; acres sold in 1879, 42,806
D. Porter, of
; increase, - 5,C32.
The
Tennessee, has accepted the presidency.
amount of money received from sales for
1879 was $161,813.
.Ohio & Mississippi.—John
The statement of the entire transactions in
King, Jr., Receiver of the Ohio
lands from August,
& Mississippi Railroad has
filed his report of
1866,
to January, 1880, is shown below :—
receipts and dis¬
bursements for the month of
SOUTH PACIFIC GRANT.
Circuit Court. It is as follows : February in the United States
Acres.
Total grant of
1852.........,
j
1,161,243
Sold to January 1st, 1879.. J
RECEIPTS.
Cash on hand
645,746*95
Sold in 1879
February 1
40,343*98
Cash from
a
,
“
.
.
-
.
.
-
_
station agents
Cash from conductors
."
Cash from Indianapolis
railroad companies, etc
Cash from Adams and
American express companies
.
.
$185,886
393,293
4,703
51,383
64
84
25
65
745 30
Total.
$636,612 68
686,090
Canceled and reverted back to
company January 1st, 1880...
On hand
January 1st, 1880
475,153
132,317
607,470:-
March 20,
ATLANTIC AND
Total grant
PACIFIC GRANT.
506.816
1,877
of 1866
Returned to Government
-
|?hje Commercial ^pmes.
COMMERCIAL EPITOME.
504 939
Bold to January 1st,
220,259
1880
284,680
»
Friday Night,
X.
March 19, 1880.
triple is fairly prosperous, but there is a weakening
speculation in leading staples, and the tendency of prices has
On liand January 1st, 1830
*
295,661 been generally towards lower figures. The exceptions, if any,
St. Louis & Southeastern.—In the case of Philo C. Calhoun have been in foreign merchandise. The weather has been quite
and others m. The St. Louis & Southeastern Railway, involving
several questions as to the rights of intervening petitioners for wintry in northern and middle latitudes, and at the South
•material and supplies in railroad foreclosure suits, Judge heavy rains have caused floods, more or less destructive. The
Drummond has rendered an interesting decision, from which money market has continued in an unsettled state, but has been
the following is extracted:
felt more on the Stock Exchange than in mercantile circles.
This was a bill filed in the Fall of 1874 by the trustees to
In provisions a good movement has been reported, though
foreclose the consolidated mortgage. There had been prior
at
steadily declining figures, in sympathy with the Western
mortgages on different parts of the consolidated line of road,
and the parties interested (the bondholders) were made defend¬ advices and the apparent cessation of speculative interest. Pork
ants in January, 1876. Pending the litigation various parties
to-day sold on the spot at $11@$11 25 for old, and $11 80@$12
have filed claims for labor, supplies and materials. The bond¬
holders interested in the prior mortgages also filed in 1879 for new mess, the inside price for 1,500 bbls.; also, new for
independent bills to foreclose them. A receiver 1vas appointed Mareh was sold at $11 80, and closed $11 70 asked; May at
by the Court, who took possession November 1,1874, and since $11 65@$11 60. Lard on the spot realized 7‘50c. for old prime
then the property has been in the hands of a receiver. The Western, and 7*57/£@7*55c. for new ; March at 7*55c., April
trustees of the consolidated mortgage were also trustees of the 7*55@7‘50c., May 7'60@7*52^c., June 7*65@7*60c.; refined sold
prior mortgages. These intervening petitions were.for labor at 7‘90c. for continental lots. The tone at the close was weak.
and supplies furnished during the year 1874. The claims were Bacon is dull here at 7%c. for long and short clear together;
referred to a master, who took proof, and has filed a report sales in Chicago at 6^>c., and short clear 6%c. Cut meats, beef,
allowing a large number of the claims; and to the confirmation and beef hams are quiet. Butter at the close shows a sharp
of that report objections have been made by some of the mort¬ advance and a good business. The following is a comparative
March 13Decrease.
:
gagees. During that year, and before the receiver took possession summary of aggregate exports from Nov. 1 to
Increase.
1878-79.
1879-30.
of the railway, the company issued certificates of indebtedness,
4,824,200
31,244,600
.lbs. 26,420,400
instead of paying the money, and a large portion of the claims Pork
66,541,459
379,656,030
Bacon
lbs.310,114,571
13,403,929
consist of these certificates given by the company. There was an Lard
146,372,267
lbs.132,968,338
order entered by the Court when the bill was filed for the fore¬
554,272,897
64,769,588
Canceled to January 1st,
'
299
THE CHRONICLE.
1880.J
10,981
1880.
General
“
closure of the consolidated mortgage, directing the receiver out
of the net earnings of the road to pay all certificates
edness and other balances which might be due to the employees
of the road, and what might be due for
furnished since the 1st day of January, 1874. It is claimed
that this order was entered by consent of the parties only then
of indebt¬
supplies and materials
Total
lbs.469,503,309
fair cargoes, and
week. Mild grades
nominal in value,
owing to the slowness of trade. The stocks of coffee are ample.
Rice has been rather more active at firm prices. New Orleans
molasses has been in good demand and strong at 44@60c. for
fair to choice; and foreign has advanced to 40c. for fifty degrees test refining, the supply still being light, and
Rio coffee has further declined to I4^c. for
the market has been very quiet most of the
of coffee have been dull, and to a great extent
that the parties to the prior mort¬
not bound by this order; but it seems to me that,
being an order made at the time the Court took jurisdiction of
the case, while the parties then in court were clearly bound by
it, all parties who came into the litigation afterwards must be uninterrupted; grocery
considered as coming subject to the policy which had been pre- firm prices. The imports
scribed by the Court in relation to the payment of the labor and have been
supply claims ; and if that be not so, then certainly subject to reason given for
the order as modified by the Court at the instance of the first iQg
works tothea molasses
greater themselves,everand shipping
thatcentrifugal
they are refining
mortgagees.” * * * “Notwithstanding the ability of the argu¬ the molasses sugar and “ black strap ” instead of the “ refin¬
ments which have been made by the counsel for the mortgagees,
ing” molasses. This practice has been a growing innovation
they do not affect the view which I have always taken of these for several years past, and promises to make in time an im¬
claims, nor are they able to withdraw this case from the princi¬ portant change in the molasses trade here. Raw sugar has
ples which the Supreme Court has established, which are that been active ftfr cargoes to arrive, the sales on Wednesday alone
the net earnings of the road are to be applied primarily to the
reaching 4,000 hhds. Cuba at 4%c. for Muscovado, cost and
payment of the employees of the company and of the amounts
due for supplies and materials fumisheS, and that if instead | freight
on the from
spot Havana;
on the basis of 7M@8c. for fair to good refining,
of making these payments the earnings are diverted either to and
8%c. for 96 degrees test centrifugal.
Melado.
the payment of wliat is due to the mortgagees or for improve¬
Boxes.
Basra.
Hilda.
1,661
ments or betterments placed upon the road, that constitutes ,a Receipts since March 1,1880
29,446
260 175,893
1,018
valid claim against the corpus—the property—in the hands of 8ales since March 1,1880
30,083
134,595
2,063
33,853
826 ' 643,096
the Court, which it is the duty of the Court to see is enforced.” Stock March 17,1830
2,722
22,394
8,770 522,119
Stock March 19,1879
St. Paul Stillwater & Taylor’s Falls.—Holders of St. Paul
Refined sugar has been active, and crushed closes at 9%@
Stillwater & Taylor’s Falls Railroad Company Depot bonds are
*
\
notified that said bonds will be redeemed, with the interest due 9%c.
The market for Kentucky tobacco has been quiet, even to
thereon, at the Metropolitan National Bank, New York, on the
dullness, and sales for the week are limited to 400 hhds., of
1st day of April, 1880.
which 300 for export and 100 Ter home consumption. Prices
Selma Rome & Dalton.—A notice to bondholders and stock¬ are nominally unchanged ; lugs quoted at 4@5/£c., and leaf 6@
holders is printed, asking them to unite in a scheme for the 12c. Seed leaf has been rather more active, and sales for the
purchase of the road and franchises under the foreclosure pro week amount to 901 cases, all crop of 1878, as follows: 500
ceedings and reorganization of the same, substantially on the cases Pennsylvania, 10@20c. ; 250 cases New England, 10@30c.;
following basis:
51 cases Ohio, private terms; and 100 cases Wisconsin, 7@14c.
First mortgage bonds to be exchanged for new first mortgage bonds at There has been a fair inquiry for Spanish tobacco, and sales
50 per cent of principal and unpaid coupons; second mortgage bonds to
include 700 ba’es Havana at 82c.@$l 10.
be exchanged for new second mortgage bonds on similar terms; holders
Ocean freights have been more active at firmer rates. The
of income oonds to receive 25 per cent each of new common and pre¬
ferred stock, without interest; common stock to be relinquished for 75 demands haye come chiefly from the grain trade.
The number
per cent of new common stock; all liens judicially decided as prior
of vessels in port has been considerably reduced. The engage¬
to the first mortgage bonds, and not payable iu cash, to be on an equal¬
ity with first mortgage bonds; all obligations to be assessed j)ro rata for ments to-day included : Grain to Liverpool, by sail, 4^d.; do.
necessary expenses.
by steam, quoted 6^d., 69 lbs.; provisions, 27s. 6d @303.; grain
The road runs from Selma, Ala., to Dalton, Ga, 237 miles. to London, by steam, 5^d., 60 lbs.; do. by sail, 3s. l^d. per
It is the successor of the Alabama & Tennessee Rivers Railroad qr.; do. to Glasgow by steam, 4%d., 60 lbs.; do. to Cork for
Company, chartered in 1848. It has been in the hands of orders, 3s. 8d., prompt loading; and 4s. 3d. for all March ; do. to
receivers for over seven years. Its authorized capital is Bordeaux or Antwerp, 3s. lOp^d.; do. to East coast of Ireland,
$5,000,000, of which $3,750,000 was paid m at the last report. I STl^Tf refined Pe%’le"“
The first mortgage bonds then amounted to $5,000,000, the sec-1 the United Kingdom, 2s. 6d. ; rosin to the Continent, 2s.
Naval stores liave been influenced to 3ome extent by the Lon¬
ond mortgage bonds to $4,000,000, and the income bonds to
don advices, which have been weak and declining. This fact
$230,000.
has checked the demand, without really causing weakness.
Holders of spirits turpentine still demand 49^@50c.t and re¬
—Messrs. Fisk & Hatch, in theif railroad bond department
fused bids of 49c. to-day; strained to good rosins quoted $1 45
„
for the sale of choice railroad bonds, now have for sale a few of .
*1,3
the purchase money 6 per centjtundingdkmds of the Chesapeake | @$1 52^ ; the medium
are better figures;
Petroleum has had some business, at slightly
& Ohio Railway Company. These bonds, amounting to only
refined in bbls. here 7%c. Mixed certificates at one time ad¬
$2,350,0.00, are secured by a special deed of trust, which was vanced to 94^c., but close imgu’a • at 89%@90c. Metals, with
made to secure a part of the purchase money, and comprises
the exception of lead, show weakness and dullness; lead has
the first lien on the entire property and franchises of the com¬
been active at 5%@5*80c., closing with 5’80c. bid, and 5'85e.
pany, consisting of 423jniles of completed road—with its equip¬ asked for common domestic. Ingot copper quiet at 23
ment, and other valuable franchise's—representing a capital in
23%c. for Lake. Cloverseed sold at 7%c. for prime Western,
stocked bonds of over $50,000,000.
.
appearing in the case, and
gages are
the demand
_
■'
-
-
-
grades
of foreignthushavefarsold
fairly
of molasses,
this
season,at
unusually small, especially of refining stock. The
this is that plantersextent
in Cuba
thanhave been*
before,buildand
jvhile there^has also^been a fair business
and finer grades
more firmly held.
300
THE CHRONICLE.
COTTON.
Friday, P. M.f March 19, 1880.
The Movement of the Crop, as indicated bj our
telegram*
from the South to-night, is given below. For the week ending
this evening (Mar. 19), the total receipts have reached 49,611
bales, against 64,368 bales last week, 78,451 bales the previous
week, and 102,995 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,394,250 bales, against
4,058,522 bales for the same period of 1878-9, showing an increase
since September 1, 1879, of 335,728 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
weeks of four
previous
years are as
Receipts this w’k at
1880.
New Orleans
17,837
3,337
follows:
1879.
1878.
1877.
1876.
|Vol* XXX,
The
speculation in futures was at advancing prices on Saturday*
a considerable decline
during the previousthree days, and the weather reports from the South,
threatening
serious floods, caused a demand to cover contracts and realize
profits from the recent decline.
But on Monday and Tuesday
there was a decline of about 15 points for this crop and seven oreight for the next crop, under dull accounts from Liverpool and
the burdensome accumulation] of stocks. On W
ednesday, with¬
out any active cause, except perhaps a steadier
closing at Liver¬
pool and the fact that the “ short interest” had become quite ^
large, there were free buyers to cover contracts, and the decline
of the previous two days was fully recovered; hut
prices again
weakened at the close.
Yesterday there was an early advance on
the better accounts from Liverpool, but the close was at a
slightThe opening this morning was weak, hut the close
decline.
steadier, owing to the very small interior movement. Cotton on.
the spot has been comparatively quiet, and on
Monday quota¬
tions were reduced l-16c., and continued
unchanged, closing with
middling uplands quoted at 13 3-16c.
The total sales for forward delivery for the week are 655,200*
bales, including
free on board. For immediate delivery the
total sales foot up this week 3,154 bales, including 231 for export,
2,133 for consumption, 790 for speculation, and
in transit. Of
the above, 64 bales were to arrive. The
following tables show
the official quotations and sales for each day of the past week:
last.
There had been
00083217938.1701.3469258..3791542
Mobile
Charleston
2,191
Port Royal, Ac
98
Savannah
....
28,749
4,966
2,908
.
367
21
3,211
3,449
3,230
5,518
14
132
46
27
118
5,901
10,227
3,196
8,158
8,196
1,385
13,065
1,781
1,144
6,527
1,091
49,611
60,202
Florida.
39
North Carolina
563
Norfolk
City Point, Ac
...
10,720
3,475
1,665
4,486
4,105
Galveston
Total this week
25,836
8,063
4,228
1,202
9,251
6,016
5,368
4,382
Indianola, Ac
Tennessee, Ac..
,
19,521
4,682
3,668
138
291
66
3,166
6,693
932
4,742
1,106
7,725
827
381
368
75,723
32,366
62,933
>
.
Total since Sept. 1. 4,394,250 4,058,522 3,827,988 3,700,652 3,697,764
The exports for the week ending this evening reach a total of
88,925 bales, of which 56,796 were to Great Britain, 5,007 to
France, and 27,122 to rest of the Continent, while the stocks as
made up this evening are now 817,266 bales.
Below are the
exports for the we;ek and stocks to-night, and a comparison with
the corresponding period of last season.
Week
EXPORTED TO—
ending
Great
Mar. 19. Britain.
Total
this
Week.
Conti¬
France.
nent.
STOCK.
Same
Week
1879.
1880.
1879.
UPLANDS.
Mar. 13 to
Mar. 19.
Sat.
Ordin’y.fllb 11 %
Strict Ord.. 1178
Good Ord.. 123i6
8tr. G’d Ord 12916
Low Midd’g 1278
Str.L’wMia 131ie
Middling... 13*4
Good Mid
13*3
Str. G’d Mid 133*
..
N. Orl’ns
4,344
31,812
Mobile..
....
....
Charl’t’n
4,560
2,564
2,134
9,353
Sa van'll.
Galv’t’nN. York.
NorfolkOther*..
9,872
46,028
....
3,680
8,530
4,466
....
....
....
663
574
f • • •
....
....
6,373
....
....
8,240
11,094
6,600
10,590
....
6,373
42,825 274,057 236,830
1,900 54,220 36,367
6,955 31,531 19,776
9,102 41,559 27,255
6,781 47,686 28,965
3,106 282,441 186,008
14,968 32,272 15,021
4,041 53,500 29,000
week..
56,796
5,007
27,122
88,925
89,678 817,266 579,222
15
Wed
.
ll7i«
12*4
12*3
1158
Mon Tues Sat.
Mon. Tues
H916 119,6 115s
119.6
11**10 lH*i6
12
12*4
12*3
123s
1258
1238
125s
13
13310
137i6
I3lii6
145,6
141616
Til.
127i6 1238
121116 125s
121316
1215i6 1215i6
131516
13
13316 13*8 1318 133,6 1318
133*6 1338 136i6 135J6 1338 13&16
13716 1350
135s
139.6
13 78
131116 1378
131^16
143,6 1438
1438
145J6
13
121316
119,6
11**10 11**16-
12
141*16
Frl.
13
ifiS
15*8
Wed
Til.
15*8
Frl.
1230
125a
13**1*
1318
13*16
13V
13l*i$.
145ie
15lie 15116
Wed
Til.
Frl,
Ordin’v.tflb ll7i« 11716 U710 119,6 119,0 11910 119,0 119,6 ll9i«
Strict Ord. 11**10 111316 ll*a16 11**10 121516 111*10 11**1« 11**16 11**16-
Good Ord.. 1214
1214
1214
1230
1230
Str. G’d Ord 12%
12%
12%
125s
1258
Low Midd’g 12i316 121316 121316 121&16 121516
Str.L’wMid 13
13
13
1318
13*8
1238
125a
1238
125s
1238
125e
1230
125g
121516 1315J6 131516 13l5ie.
1318
Good Mid.. 137ie 137i6
Str. G’d Mid I3ili6 131116
13*8
13%
13%
Sept. 1.. 1800,467 291,724 667,216 2759,407 2828,716
......
exports this week under the head of “ other ports” include,
......
STAINED.
;
from
From the foregoing statement
with the corresponding week of
in the exports this week of 753
it will be seen that, compared
last season, there is a decrease
bales, while the stocks to-night
are 238,044 bales more than they were at this time a
year ago.
In addition to above exports, our
telegrams to-night also give
us the following amounts of cotton on
shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use
by Messrs. Carej, Yale A
Lambert, 60 Beaver street:
Good Ordinary
Strict Good Ordinary
Low Middling
Shipboard, not cleared—for
pool.
New Orleans
Mobile
Charleston
Savannah
Galveston
New York
35,932
9,150
6,887
14,402
2,800
10,000
1,000
9,908
3,800
7,000
None.
None.
None.
82,677
19,102
Other ports..
Total
France.
900
Other
Foreign
Leaving
Coast¬
wise.
7,199
4,600
2,253
1,500
500
Total.
300
150
500
2,419
None.
1,000
3,000
59,786
18,050
8,437
32,100
15,632
4,100
11,000
37,504
9,822
149,105
20,600
3,305
Stoek.
214,271
36,170
23,094
9,459
32,054
278,341
74,772
668,161
The following is our usual table
showing the movement of
ootton at all the ports from Sept. 1 to Mar. 12, the latest mail dates:
RECEIPTS SINCE
EXPORTED SINCE SEPT. 1 TO—
SBPT. 1.
FORTS.
1879.
1878.
N.Orlns 1303,229 1066,619
Mobile. 328,653 335,439
Char’n* 446,787 493,434
SavTi.. 693,105 654,502
Galv.*. 4*9,390 518,821
N.York 162,141 127,644
Florida
19,445
49,374
Great
Britain.
France.
Foreign
Total.
614,083 203,943 185,879 1003,905 302,367
54,393
6,791 10,830
72,014 52.813
128,921 16,914 142,325 288,160 37,861
166,607 17,767 188,197 372,571 48,375
172,175 20,964 40,534 233,673 50,245
236,642 18,859 39,735 295,236 285,414
•
•
•
•
N. Car.
98,400
126,170
22,668
NorTk*
Other..
633,851
229,638
482,720
186,800
161,382
143,597
Stock.
Other
•
•
•
•
•
•
•
•
•
10,447
1,479
....
«
•
•
4.577
17,570
33,115
192,856
178,952
4,292
31,894
53,250
Thisyr. 4344,639
1743,671 286,717 640,094 2670,482 866,511
Last ye ar
1583,092 368,157 787.789 2739,038 630.207
Frl.
Under the head of CharUston if Included Port
Royal, See.: under the head of
©aZeetfon ig included Indianola, Ac.; under the head
of Norfolk, is included Glty
Point, Ac.
11%
11%
12
11%
12
12
12*16 12*10 12*16
12%
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Sat..
Mon
Tues.
Wed
Thurs
Fri..
12%
12%
The
Con- Spec- Tran¬
port. sump. uf’t’n sit. Total.
Dull
220
232
376
264
605
474
182
231
2,133
Dull,eas’r,ii6 dec
Dull....
Firm
Quiet and steady.
Quiet and steady.
ii
daily deliveries given above
vious to that
on
FUTURES.
Ex¬
Total
....
696
64
30
790
are
—
Sales.
232 112.900
376 150,700
960 86,000
669 126.900
515 105,400
402 73,300
3,154 655,200
Deliv¬
eries.
300*
300-
1,200
600
600
700
3,700
actually delivered the day pre -
which they are reported.
For forward delivery the sales have reached during the
week
655,200 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices :
For March.
Bales.
Cts.
100 s.n. 13thl2‘97
100 «.n. 9th.13 00
1,100
1,000.
Bales.
12,900
13 02
13*09
100 s.n.l6thl3*10
1,500
13*10
300
2<>0
200
600
13*11
13*12
13*15
13*16
For Jane.
Bales.
Cts.
600
13*43
13 44
13*45
13*46
4,000
8,800...
13*47
13*48
Bales.
13*49
1350
300
900
13*51
800
21,-00
12,700
13*52
18*53
13*54
...13*55
44,700
10,000
11,<00
13*25
13*26
13*27
13*28
9,000
13*56
13^9
6,400.
Cts.
13*15
13*16
13*17
18*18
13*19
10,000
14,300
1301
100 fl.n.l6thl3‘04
100 s.n.3 thl3*G4
*00
..1304
100
13 05
800
13*06
300
13*07
200
13*08
5,400
13*20
,13*21
13*22
2,000
*,400
900
13*23
96.300
For May.
13*24
100
8,900...
11,900
13!S0
8.200
For
200
13*31
April.
13*03
13*04
13*05
700
13*06
4,506
1,200.
1,€00
8,600
13*07
13*08
18 09
13*10
•
Til.
MARKET AND SALES.
.
Liver¬
Mon Tues Wed
9 lb. 11*10 1114 11*4
12
12116 12
1230
12*16 12516
121316 12% 12%
Middling
.
Mar. 19, at—
Sat.
from Bal¬
timore, 5,127 bales to Liverpool; from Boston, 1,120 bales to Liverpool
Philadelphia, 126 bales to Liverpool.
On
!39,6
13V 139,0 139,6 139ia 139,6
S&2.
1313J6 131316 131316 13i3le 131316 13**i$.
143,6 14516 14*16
Midd’g Fair 143,6 143,6
14*16 14*16 !4**6 14516
Fair
141*!6 1415J6 141516 15116 15116 15116 15116 15116 15*16
Tot.since
The
Fair
11716
lUSie 11*516
Sat.
TEXAS
Middling... 133i6 13316 133!« 13*16 13*16 13*16 13*10 13*16 13*16
Tot. this
*
Midd’g Fair 14*4
NEW ORLEANS.
.
Mon Toes
11,000
..
13*11
18*12
13*13
13,000
13 14
26,500....13*32
.F..13 83
13*34
26,600
13*35
13*38
20,700
13*37
19,100.
13*33
18*39
13*40
8,000
13*41
13*42
2,400
13*43
..
265.800
17,800
13*57
3,200
4,400
13*58
13*59
18*60
13*61
13*62
400
13*63
2,500
175,300
For July.
1,400
18*55
3,600
13*56
13*57
2,100
13*58
1,200
..13*59
18*60
3,800
13*61
2,100
13*62
"2,500
13*63
Cts*
13*64
4,000
13-65
1,800
1,600
900
2,000
For
500
18*66
..13*67
18*68
13*69
13*70
13*71
13*72
16*18-
August.
.13*64
.13*65
8,600
2,100
13*66
13*07
....13-68
100
13*0<l
13*70
13*71
8,600
5,200
1,900
13*72
....13*73
13*74
1,500
13*75
13*76
900...
18*77
13-78
1,000
3,800
100
40,500
...13-79
13*80
13-81
*
00. 0066220 . ..21
For
September.
Cts.
Hale*.
7,300
...13*27
....18-28
13*2*
13-30
13-32
For October.
900
12*49
900
12*42
200
200
200
400.
13*41 |
13-42 I
100
12*40
12-47
12*48
12 49 f
12*50
12*51
200
3,900
For December.
100
12*(H)
100
12*01
300
12*03
600
12*04
100
....12 06
500
12 07
300
12*08
600
1209
For November.
12*44
12*45
.
10,600
12*43
1,100
1333
600
13-34
13 35
200
13-36
40"
13*37
10#
13-38
600
13*40 I
600
Cts.
1210
12*17
12*18
Bales.
200
100
300
Ct
12-52
12-53
12-54
12-55
Bales.
500
800
500
400
Cts.
13*43
Bale*.
200
13*26
600
1,000
1100
400
800
100
j£00
100
1205
700
,....12*00
100........ .1207
600
12 08
12 09
BOO
600
1211
100
1212
1213
100
500
12-15
J
Tew
following exchanges hare been made during the week:
exch. 400 April for July.
| *18 pd. to exch. 100 May for June.
The following will show the range of prices paid for futures,
and the closing bid and asked at 3 o'clock, P. M., on each da/ in
the past week.
The
could not make a comparison in any other way.
difficulty no longer exists, and we therefore make the fol~
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
old 7 towns.
We shall continue this double statement for a
time but finally shall simply substitute the 19 towns for the 7
towns in the preceding table.
four years, we
That
Futures
Saturday.
Monday.
Tuesday.
Market.
Firmer.
Lower.
Lower.
Day.
Low. Bid. Ask
March. 13*16-13*15 13*16 18
April... 13*23-13*14 13*21 22
May ... 13*43-13*33 13*41 42
-June... 13*63-13*52 13*61 62
July... 13*73-13*62 13*72 73
August. 13-81-13*70 13*80 81
Sept’br. 13*35-13*34 13*40 43
October 12*50-12*43 12*51 57
12*13 16
Nov’ber 12*16- —
12*09 12
Dec’ber 12*09- —
13 20 *
Tr. ord.
Firnl.
-dosed
High.
.
Futures
For Day.
Closing.
For
Closing.
Day.
Closing.
High.
Low.
13*02-13*01
13*12-13*03
13*30-13*25
13*48-13*44
13*59-13*56
13*68-13*65
13-29-13*26
12*45-12*40
12*09-12*06
12*04-12*00
Bid. Ask
13*02 —
13*07 08
13-26 27
13*44 45
13*56*57
13*65 66
1$*27 29
12*42 44
12*05 06
12*00 02
13*0 5
Wednesday.
Higher.
Variable.
Firmer.
Brazil, <Sc.—
Liverpool stock
For
Day.
For
Closing.
Day.
Closing.
Total East India, Ac
Total American
.
—
Tr. ord.
Closed.
131 5
Steadiy.
The Visible Supply of
The Continental stocks are the figures
Great Britain and the afloat
returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (Mar. 19), we add the item of
exports from the United States, including in it the exports of
telegraph, is as follows.
1880.
578,000
29,904
Total Great Britain stock. 607,904
Stock at Havre
52,700
Stock at Marseilles
2,130
Stock at Barcelona
27,128
Stock at Hamburg
3,000
16,620
Stock at Bremen
Stock at Amsterdam
28,600
Stock at Rotterdam
2,520
Stoek at Antwerp
•••••••
420
3,641
Stoek at other contt’ntal ports.
bales
^tock at Liverpool
“Block at London
m m
m • m
1878.
1878.
1879.
730,000
9,000
567,000
62,000
'
629,000
170,000
2,000
4,500
25,500
43,750
8,750
3,750
26.000
7,000
35.750
64.000
13,000
51,750
38,500
75,250
10.500
10,000
6,500
6,750
6,000
7,750
14,500
416,000
432,250
136,659
307,000
Total European stocks.. ..
India cotton afloat for Europe.
Amer’n cotton afloat for Eur’pe
744,563
168.946
538,110
936,000 1,154,000
Egyp t,Brazil, Ac.,aflt for E’r’pe
Stock in United States ports ..
Stoek in U. S. interior ports...
United Stf tea exports to-day..
22,862
817,266
158,417
3,000
124,000
167,000
217,000
692,000
16,000
579,222
90,527
601,000
53,000
667,411
364.000
87,861
42,000
752,116
92,209
American—
432,000 562,000 744,000
264,000 358,000 352,000
692,000 601,000 364,000
579,222 667,411 752,116
92,209
90,527 87,861
11,000
7,000 13,000 15,000
Total American
2,063,793 2,064,749 2,289,272 2,319,325
East Indian, Brazil. <6c—
Liverpool stock
157,000 135,000 168,000 326,000
l<ondon stock....!
29,904
62,000
9,000 26,000
Continental stocks
18,659
43,000 57,000 80,250
India afloat for Europe
168,946 124,000 167,000 217,000
Egypt, Brazil, Ac., afloat
22,862
16,000 53,000 42,000
Total East India, Ac
397,371 380,000 454,000 691,250
Total American
2,063,793 2,064,749 2,289,272 2,319,225
Total visible supply
...2,461,164 2,444,749 2,743,272 3,010,575
ftioe Mid. UpL, Liverpool....
75i6<L
558(1.
6<L
6*4(1.
The above figures indicate an increase in the cotton in sight to¬
Liverpool stock
..•
Continental stocks
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
421,000
118,000
538,110
817,266
158,417
„
.
559
739
91
Receipts Shipm’ts
Stock.
2,943
2,078
856
13,581
12,938 1
*2,710
571
'
.
.
165
827
12,880
6,561
2,571
5,703
2,445
*
281
9,023
fl,426
1,486
10,164 103,435
468
15,412
523
9,119
15,553 158,417
12,502
24,937
90,527
300
288
448
611
1,000
1,102
1,710
2,956
158
5,703
6,892
3,449
134
200
384
2,506
300
400
892
2,062
1,200
2,030
90
189
67
315
529
282
780
63
154
502
186
10,624
4,000
2,000
2,335
1,241
10,563
5,837
1,533
71,494
10,097
152
4,001
8,837
1
21, *79.
2,442
1,582
14,(311
1,000
401
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C.
St. Louis, Mo...
Cincinnati, O...
Total, all.....
1,138
Stock.
Week ending Mar.
6,085
8,976
.
16,736
21,674 122,630
25,855
37,227 281,047
537
2,100
,
53,176
7,191
2,787
2,542
2,801
598
205
603
244
230
135
637
860
565
244
1.366
4,962
10,224
8,801
11,013
1,439
1,247
24,394
7,662
21,647
29,554
51,085
34,149
54,491 1 141,612
1,732
1,009
3,874
1,219
378
*
Actual oouut.
t This year’s figures
estimated.
I Including 1,000 hales received previously
The above totals show that the old
but not counted.
interior stocks have de¬
to-night 67,890 bides
creased during the week 4,011 bales, and are
more than at the same period last year.
The receipts
towns have been 3,383 bales less than the same week
at the tame
last year. '
Receipts from the Plantations.—The following table Is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some
times
made up more largely one year
the expense of the interior stocks. We reach,
safer conclusion through a comparative statement
misleading, as they are
than another, at
therefore, a
like the following
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns
Week
ending—
"
9
“
10
1878.
1870.
1880.
1878.
1879.
1878.
1880.
1879.
1880.
157,118 130,508 145,338
165.756 143,155 154.306 253,239 281,634 355,943
349.859 125,158 93,104 148.403
253,647
236.293
149,486
142,090 121,091
2
Jan.
.
154,814
153.727 113,018 129,489 287,880 233,230 352,883
23
164,059 148,648 168,280 242,013 218.585
“
SO...... 159,186 167,097 137,191 244,494 220,935
Feb. 0
137,138 171,608 112,363 240,708 214,117
“
13
120,000 150,841 119,854 233,103 190,765
“
20
109,736 134,328 115.307 226.685 182,246
“
27
94,340 110.04? 102,995 210,935 170,488
165,019
Mftr* 5...... 90,947 83,260 78,451 192,465
12
82,264 78,490 64.368 169,630 199,418
19
1 75,723 60,202 49,611 146,653 141,012
M
358,074
361,880
357,916
345,975
327,084
M
310,972
303,279
289,996
“
281,047
The above
statement shows—
1. That the total receipts from
1879-80 were 4,667,996 bales; in
168,692
101,667
138,352
112,485
103,318
78,599
72,477
59,435
53,740
93,202 132,018
133,997
109,447
164,790
127,489
173.971
140,997
108,899
107,918
125.809 96.418
98,239 92.883
78,447 64,758
72,289 01.095
43,396 40,663
the plantations since Sept. 1
1878-79 were 4,194,482 bales;
in
in
3,958,159 bales.
although the receipts at the out ports the past week
49,611 bales, the actual movement from plantations was
1877-78
were
2. That
were
only 40,6G2 bales,
the balance being drawn
from stocks at the
Last year the receipts from the plantations for the
same week were 42,396 bales, and for 1878 they were 52,740 bales.
interior ports.
Weather Reports by
a
rainy one in the
South.
Telegraph.—The past week has been
Floods are reported along the Missis-
of 1879, sippi
|
and in Alabama, but it is so early that they are not likely to
I affect cotton planting. A severe snow storm in Texas, with ice
I and sleet, has cut down what little cotton was up and done prob»
I ably great harm to the corn crop.
• (jcUveston, Texas.—We have had good showers on five days th
night of 16,415 bales as compared with the same date
decrease of 282,108 bales as compared with the corresponding
date of 1878, and a decrease of 549,411 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns.
As we did not have the record of the new interior towns for the
a
Mar. 19, ’80.
999
866
474
Columbus, Ga...
Maoon, Ga.......
Montgomery, All i
15,000
13,000
7,000
11,000
Total visible supply
2,461,164 2,444,749 2,743,272 3,010,575
Of tbe above, the totals of American and other descriptions are as follows:
in sight to-night
date of 1879. a
corresponding date
compared with 1877.
-
Week ending
26,000
194,000
porta....
Total continental
3,076,407
statement:
1877.
739.000
278,000
5,000
42,750
2,583,794 2,495,334 2,802,064
124,000 167,000 217,000
42,000
16,000 *53,000
397,371 380,000 454,000 691,250
2,186,423 2,115,854 2,348,064 2,385,157
168,946
22,862
movement—that is the receipts
and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following
*
-of last Saturday, but the totals for
for the Continent are this week’s
Friday only.
26,000
80,250
At the Interior Ports the
and shipments for the week,
.
by cable and
146,653
13,000
9,000
57,000
the
.
Cotton, as made np
601,000
667,411
These figures indicate an increase in
cotton
of 87,900 bales as compared wijh the same
decrease of 218,270 bales as compared with the
of 1878, and a decrease of 492,618 bales as
Bid. Ask High. Low. Bid. Ask
Seim a, Ala
13 08 09 13*10-13 06 13 08 09
Memphis, Term.
1315
13*19-13*12
13*14 15
13*33 34 13-38-13*31 13-33 34 Nashville, Tenn.
13*51 52 13*54-13*48 13-52 —
Total, old ports.
13-63 65 13*65-13*59 13-64 65 j
13-72 73 13*74-13*70 13-72 73
13*35 38 13*4013*35 13*37 39 Dallas, Texas.
12*48 50 13*52-12*49 12*49 51
12*10 12 1213-12*11 12*11 13
f
12*05 07 12*09-12-04 12*06 08
o
13*1
13* 10
Enfaola, Ala....
SteadIy.
Stea<iy.
Bid. Ask High. Low.
13*1113 13*11-13 10
March
13*16 — 13*20-13*13
April...
13 35 36 13*43-13-33
May ...
13*53 54 13*60-13-51
June...
13*65 66 13-73-13-62
July...
13*74 75 13-80-13*71
August.
13*43-1334
Sept... 13-41-13-27 13*38 40
October 13-55-13-43 12*51 53 12*53-12*47
1218-1205 12*14 16 12*18-12*11
Nov
-12*04
12*09 12
Dec’ber
Eiah. Low.
13*12-13 01
1318-1307
13 38-13-24
13 58-13*43
13 69-13-55
13-78-13 64
1877.
744,000
352,000
364,000
752,116
158,041
13,000
62,000
43,000
18,659
Receipts Shipm’ts
Closing
264,000
692,000
579,222
141,612
7,000
29,904
London stock.
Continental stocks
India afloat fpr Europe
Augusta, Ga...'.
For Day.
432,000
1878.
562,000
358,000
2,186,423 2,115,834 2,348,064 2,385,157
157,000 135,000 168,000 326,000
Total American..
East Indian,
Barely si;eady.
Friday.
11,000
United States exports to-day..
Total visible supply
High. Low. Bid. Ask
13 09-13*05 13*06 07
13*17-1310 13*12 —
13-36-13-29 13*31 32
13*54-13-46 13*49 50
13-64-13-60 13*61 62
13-73-13*66 13*69 70
13*33-13*28 13*32 34
12*45-12*40 12*44 46
1208 10
12*09- —
12*06-12*03 1204 —
13*1 0
Steadtyv '
118,000
539,110
817,266
281,047
Continental stocks
Amerioan afloat to Europe
United States stock
United States interior stocks,.
Egypt, Brazil, Ac., afloat......
Thursday.
Market.
.bales 421,000
Liverpool stock
„
1879.
1880.
American,—
*51 pd. to
For
301
THE CHRONICLE.
1880.]
March 30,
302
THE CHRONICLE.
(Wol. XXX.
past week, the rainfall aggregating
hundredths.
The
one inch ahd twenty-two
weather has been too cold, but
locally no
serious damage has been done.
Throughout the rest of the
State much damage is feared, as there have been
s’eet, gnow and
ice.
The thermometer has
the lowest 37.
Memphis
Shreveport
Vicksburg
Indianola, Texas.—There have been drizzles on four days, the
rainfall reaching seventy-seven hundredths of an
inch, and killing
frosts on three nights.
Much damage has been done. All cotton
above ground is killed, and corn is killed to the
ground, but it is
thought will sprout again from the root. Average thermometer
53, highest 74. and lowest 32.
Corsicana, Texas.—We have had sprinkles on three days of. the
week, with a rainfall of thirty-seven hundredths of an inch
There have been killing frosts on three
nights, sleet on one and
snow on one, and ice formed in this
on two nights. There
vicinity
is no cotton up to be hurt, but corn is
supposed 4o be killed.
Gardens killed and fruit injured. Oats and wheat
thought to be
unhurt.
Average thermometer 39, highest 70, and lowest 25.
Dallas, Texas.—It has rained (drizzles) on three
days during
the week, the rainfall
reaching twenty-five hundredths of an
inch.
We have had killing frosts
on three nights and ice on
two nights.
Show has fallen to a depth of four inches, one of
the heaviest snow storms
New Orleans 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 6-10ths of a foot
above
1871, or 16 feet above low-water mark at that point.
Consumption
umns
no serious injury has resulted.
The thermometer has
ing 39.
*
ranged from 25
to
70,
Memphis, Temtessee.—During the
on
week just closed we had rain
six days, the rainfall
reaching four inches and seventy-seven
hundredths. Average thermometer 38,
We are in the midst of a disastrous highest 47 and lowest 30.
overflow, the river being
foriy-six feet above low water mark. No
ploughing yet, not
even for corn.
Last week it rained on five
days,
with a rainfall
of two and
forty-hundredths inches. The thermometer
averaged
52 and ranged from 43 to 73.
During the week ending March 5
we had rain on six
days, and a rainfall of three and
sixty-three
Average thermometer 55, highest
70 and
Mobile, Alabama.—It has rained severely on three
been
showery two days and cloudy the balance of the week,days,
the rain¬
fall reaching three inches acd fourteen
hundredths. We are
having too much rain, though no serious damage has
yet been
done. The thermometer
range
of 39 to 77,
averaged 63, with
Montgomery, Alabama.— It has rained
week, the rainfall reaching five inches
dredths.
59.
on
and
an
extreme
six
days the past
thirty-four hun¬
The thermometer has
ranged from 39 to 83, averaging
The tributary rivers are
overflowing and still rising at this
point.
Selma, Alabama.—Rain has fallen during the
past' week on
three days. Great floods
prevail.
Madison, Florida.—Rain has fallen during the week on thrre
days. The thermometer has averaged 74, the
highest being 89,
and the. lowest 55.
Planting is making good progress.
Macon, Georgia.—We have had rainnn five days,
with a rain¬
fall for the week of two inches and
eighteen hundredths. Aver¬
age thermometer 58, highest 72 and lowest 39.
Columbus, Georgia.—It has rained on four days the past
week,
the rainfall reaching five inches and
sixteen hundredths/ The
thermometer has ranged from 42 to
70, averaging 61.
Savannah, Georgia.—It has rained on four days, but the bal¬
ance of the week has been
pleasant. The thermometer has
ranged from 53 to 83, averaging 66.
Augusta, Georgia.—We have had heavy and general rains
every day this week, interfering with planters'
operations con¬
siderably, but at the close there is a favorable
change in the
weather. '1 he thermometer has
averaged
57,
ranging
from 43 to
73. The rainfall is two inches and
eighty-one hundredths.
Charleston, South Carolina.—It has rained
during the past
week on two days, the rainfall
reaching
twenty-two
hundredths
of an inch. Average thermometer
63, highest 79 and lowest 50
The following statement we have also
received by telegraph,
showing the height of the rivers at the points named
at 3 o’clock
Mar. 18, 1880, and Mar. 20, 1879.
editorial col¬
onr
this
subject which will
readers.
‘
tinent.
This
service will
new
the
needed;
averag¬
Brenham, Texas.—It has rained hard on three days, the rain¬
reaching one inch. There have been killing frosts on two
nights and ice formed on one night. All cotton up and killed
outright. Corn killed to the ground, but there are hopes that
it
will sprout again.
Gardens killed and fruit greatly injured, and
much replanting of all sorts will be
necessary. Average ther¬
mometer 40, highest 72 and lowest 32.
New Orleans, Louisiana.—Rain has fallen on
six days
during
the week to a depth of one inch and
ninety-one
hundredths
The thermometer has
averaged 67.
Shreveport, Louisiana.—The weather during the week has
been cloudy and rainy and roads are in a
very bad condition from
repeated rains. The thermometer has averaged 46, the
highest
being 58 and the lowest 34, The rainfall is three inches
and
forty-one hundredths.
Vicksburg, Mississippi.—Telegram not received.
Columbus, Mississippi.—Telegram not received.
Little Rocky Arkansas.—We have had
more or less rain
every
day of the past week and some sleet on
Monday. The thermo¬
meter has ranged from 29 to
47, averaging 38, and the rainfall
has reached one Ihch and
twenty-three hundredths.
Nashville, Tennessee.—It has rained on five
days of the week,
the rainfall reaching five inches and
seven hundredths.
The
thermometer has averaged 40, the
highest being 55 and the low¬
est 34.
has
on
shortly to receive each
week, by cable, the weekly takings of spinners in Great Britain
and on the Continent. All the information on this
point which
comes over the wire now relates
simply to Liverpool. We
shall extend the same information to London and to
the Con¬
Gunny Bags,
Bagging, Etc.—Bagging continues quiet,
an^
We hear of only a few hundred
weights, for small orders. The market
few parcels are being taken.
rolls in all, of various
fall
lowest 33.
article
an
keep the trade acquainted with
weekly progress in spinners’ takings and stock, which,
starting with the present monthly statements, will afforfl the
conflicting, but it is trade a
very important piece of information that has long been
Farm work not yet
*
hundredths inches.
our
America.—In
in
Spinners’ Takings in Europe.—We have made
arrangements
in accordance with which we
expect
known at this season of the
year.
Corn and gardens killed and fruit
greatly
injured.
As to wheat
and oats, ^accounts from the interior are
resumed.
Cotton
of
to-day will be fonnd
be of interest to
.
hoped that
^
Nashville
averaged 53, the highest being 74 and
ever
Mar. 19, ’80. Mar. 20, 79.
Feet. Inch.
Feet. Inch.
Below high-water mark..
2
2
6
0
Above low-water mark... 33
11
21
3
Above low-water mark... 46
0
11
O
Above low-water mark... 19
0
8
2
Above low-water mark...
28
Missing.
0
New Orleans
is very steady, and holders are rather
firmer than at onr last
1% lbs is held at 10/4c., 2 lbs. at 11c., while for standard
grades ll%c. is quoted. Butts have been taken in moderate
lots, but the speculative inquiry is quiet. The transactions foot
up 3,000 bales, for which full figures were
paid. At the close,
dealers are firm, and quotations are
3%@3^c. for paper quality
and 3/£@35/6c. for spinning
qualities.
,t..
.
Comparative Port Receipts
A
as
and
Daily Crop Movement.—-
comparison of the port movement by weeks is not
accurate,
the weeks in different
years do not end on the same day of the
month.
tables a
We have
consequently added to our other standing
daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for
each port each
the years named.
First we give the receipts at
day of the week ending to-night.
PORT RECEIPTS PROM
D’ys
New
of
Or¬
we’k leans.
Mo¬
bile.
SATURDAY, MAR. 13, ’80, TO PRIDAY,
Char¬ Savan¬ Galleston. nah. vest’n.
Sat.
1,380
227
602
1,238
Mon
6,535
3,103
2,146
1,032
3,641
1,105
505
1,385
Tues
Wed
Thur
Fri..
Tot.
17,837
Nor¬
folk.
Wil¬
MAR.
All
ming¬ others.
1,383
1,298
19. ’80.
TctaJ.
ton.
193
530
1,499
1,381
312 .1,881
4S0
996
504
1,034
22
801
111
370
711
534
280
40
985
341
508
351
2,121
79
1,072
2,222
7,707
13,435
7,411
6,660
4,150
10,248
3,337
2,491
5,368
4,382
8,196
284
7,716
49,611
.
232
677
*
By adding to the totals
to
85
1,293
10
1,216
1,112
48
February 29 the daily receipts
an exact
comparison
since that time, we shall be able to reach
of the movement for the
different years.
*
1879-80.
1878-79.
1877-78.
1876-77.
1875-76.
1874-75.
Tot.Fb.29 4,215,929 3,836,564
3,561,300 3,551,655 3,457,554 2,934,051
Mar. 1...
16,279
10,547
44
17,754
2....
12,171
S.
“
3....
44
4....
12,432
10,056
19,628
19,653
7,947
9,860
15,631
44
5....
“
44
6....
13,404
9,829
7....
S.
8....
16,415
6,724
6,711
10,944
13,745
7,707
44
9....
44
10....
44
44
44
44
44
11....
12....
13....
14....
,
8.
15....
13,435
44
16....
7,411
44
17....
6,660
4,150
10,248
44
18....
44
19....
Total
,
12,430
6,325
9,782
4,567
9,868
S.
32,985
8.
17,175
9,746
8,873
12,300
S.
8,728
8,531
6,678
8,722
6,561
16,228
7,842
12,51^
12,817
10,411
8.
19,134
15,922
15,674
6,387
10,364
8,451
8,903
10,947
14,779
10,928
10,617
8,240
8.
13,681
12,118
9,247
12,365
9,263
7,845
18,764
14,887
19,179
8.298
11,487
8,391
8.
10,314
13,767
7,531
8,017
6,758
17,597
11,286
8.
7,692
6,341
11,015
S.
14,234
13,992
14,644
11,210
14,581
12.019
8.
4,227
18;579
16,441
6,572
9,628
10,121
7,229
5,923
7,439
7,989
8,265
7,453
8,713
8.
8,473
8.
8.
8.
4,394,250 4,034,041 3,798,495 3,676,177 3,643,293
3,107,181
Percentage of total
pYt rec’Dts Mar. 19
90-70
87-40
9104
86-93
88'85
This statement shows that the
receipts since Sept. 1 np to
to-night are now 360,209 bales more than they were to the*same
day of the month in 1879, and 595,755 bales more than
were to the same
day of the month in 1878. We add to thethey
last
table the percentages of total
port receipts which had been
received to Mar. 19 in each of the
years named.
India Cotton Movement
which are now collected for
from
Ports.—The figures
and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin, Carns,
all
THE CHRONICLE.
1880.]
March 20,
&c,, enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
war,
complete India movement for each week.. We first give the
Bombay statement for the week and year, bringing the figures
303
direction, for each of the last four weeks; also the total exports
and direction since ttept. 1,1879, and in the last column the total
for the same period of the previous year.
Exports
Cotton (bales) from New York since Sept. 1.1879.
of
Week ending—
down to March 18.
Exported to—
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Receipts.
Shipments since Jan. 1.
Shipments this week
Great
Year Great Conti¬
Brit’n. nent. Total. Britain.
Conti¬
This
Week.
Total.
nent.
Since
Jan. 1.
t
Liverpool
Other British ports.
Total
6,000 6,000 72,000 112,000
1879 7,000 20,000 27,000 53.000 70,000
1$78 19,000 14,000 33,000 98.000 147,000
1877 6,000 22,000 28,000 120,000 97,000
1880
184,000 43,000
123,000 19.000
245.000 35,000
311,000
203,000
366,000
217,000.55,000
332,000
Fob.
25.
to
Great Britain
Mch.
3.
Same
Total to
Mch.
10.
Mch.
17.
7,32312,37$
7,135
"97353
7,323 12,378
7,135
Havre
Other French ports.
1,103
Total French.
1,103
date.
year.
239,289 184,452
6,706
4,312
9,353 245,995 188,764
663
19,522
627
218
...
834
500
845
537
ioo
1,334
663
19,522
10,551
535
39
21,742
13,037
2,324
13,325
2,202
37,103
16,162
574
637
Total Spain, Ac...
Year.
1680
1879
1878
1877
Great
Britain.
Cont£
11,000
9,000
1,000
6,000
2,000
1,000
2,000
Shipments sinoe January 1.
nept.
Conti¬
nent.
Great
Britain.
Total.
30,000
41,000
14,000
36,000
13,00a
10,000
3,000
6.000
Total.
8,000
38,000
63.000
22,000
21,000
35,000
6,000
42,000
The above totals for this week show that the movement from
the ports other than Bombay is 3,000 bales more than same week
of last year.
For the whole of India, therefore, the total
shipments this week and since January 1, 1880, and for the
corresponding weeks and periods of the two previous years, are
follows.
as
EXPORTS TO EUROPE FROM ALL INDIA.
Shipments
to all Europe
from—
This
week.
Sinoe
Jan. 1.
This
week.
6,000
13,000
184,000
38,000
27,000
10,000
19,000
222,000
37,000
Bombay
All other ports.
Total
Since
Jan. 1.
5,000
3,190,000
Exports (bales)—
To Liverpool t
To Continent
Total Europe
A cantar is 98 lbs.
t We add 17,000 balep
arrange¬
1878.
..
10,000
1,524,000
This
Since
week. Sept. 1.
750 267,750
2,000 144,498
5,000 139,000
2,750 412.248
5,000 198,000
59,000j
This
week.
Since
Sept. 1.
5,000 209,000
1,000 138,000
6,000 347,000
‘
.
.
\
to exports to Great Britain to-day, made up on
\
1878-79.
Cott’n
328 Cop.
8% lbs.
Twist.
Shirtings.
increase,
-
■32s Cop.
Uplds Twist.
1,290
31
65
......
4,240 188,737
88
5,922
3,810 165,951
50
31
2,725
9,469
68,796
826 55,291
15,000
7,764 362,031
2,815 77,945
474 152,592
4,433 65,908
2,224 130,142
462
This year. 13,119912,380
102,384 bales.
are
the
same
So far
as
the Southern ports
are
concerned, these
exports reported by
telegraph, and published in'
With regard to New York, we
the Chronicle last Friday.
include the manifests of all vessels cleared up to
Wednesday
night of this week.
Total bales.
New York—To Liverpool, per steamers Egypt, 1,000
City
■ :
of Richmond. 1,074 ...Celtic,
1,422
Algeria, 449
Arizona, 1,414—per bark Maggie Miller, 3,994
9,353
To Havre, per steamer Amerique, 663
To Bremen, per steamer Rhein, 535
663535
ToHamburgjpersteamerSilesia, 39
39
.
New Orleans—1To Liverpool, per ship Giencalrn, 4,582
barks I. L. Skolfleld, 5,533
Siberia, 4,900...
To Havre, per steamer Stag, 4,859
per ship Thos.
per
15,015
Lord,
11374
l!i97
d.
7
1%®8
4%
7%
3
3
3
6
9
9
9
6
6
6
6
6
9
7
s.
®8
®8
d.
®8
®8
®8
®8 9.
®8 J9
®8 3
4%®8 3
d.
l\16
7%
7%
7%
7® 10
7%
7%
7%
To
Reval, per ship Lizzie Moses, 5,050
ber bark Ergo.
2,269
To Cronstadt, per barks Uno, 2,187
Lincoln, 3,208..
Te Vera Cruz, per steamer City of Mexico, 1,191
Charleston—To Havre, per bark Helen Sands, 1,792
and 76 Sea Island
7,319
5395
1,191
Upland
To Reval, per steamer Irene Morris, 4,200 Upland
Port Royal—To Liverpool, per ship Therese, 3,499 Upland. .•..
Savannah—To Liverpool, per ship Missouri, 2,958 Upland and
99 Sea Island
To Havre, per bark Saguenay, 2,243 Upland and 20 Sea
Island
To Bremen, per steamer Nio, 4,356 Upland
To Amsterdam, per bark Theodor, 1,301 Upland
To Cronstadt, per bark Ruth, 1,865 Upland
: To Barcelona, per bark Marie Teresa, 982
Upland.
Texas—To Liverpool, per ship Zephyr, 4,376....per bark
d.
d.
778®8%
778®8%
7%®8%
7%®8%
7ss®8 %
7%®8%
7%®d%
736®8%
7%®8%1
7«8®8%
Shirtings.
Cott’n
Mid.
Uplds
s.
d.
d.
d.
5
7%®7
7%®7
7%
7%
5%
6
6
6
6
5
5
5
5
5
5
5
®7
®7
®7
7%
7%
4%®7 7%
3
®7
1%®7
It 0
5
s.
3
®7
®7
Herbert, 4,717
To Havre, per bark Zelos, 1,200
?
To Bremen, per bark Tancred, 1,644
/
To Amsterdam, per bark Lufra, 1,630
To Cronstadt, per barks Dux, 1,320—Breidablib, 1,250
Wilmington—To Cronstadt, per bark Elene. 2,020
Norfolk—To Liverpool, per bark Hilda, 2,462
Baltimore—To Liverpool, per steamers Sardinian (additional),
1,053, and 60 bags Sea Island
Moravian, 1,018
Boston—To Liverpool, per steamers Istrian, 282
Palestine,
934
Iberian, 992—Olympus, 206
Philadelphia—To Liverpool, per steamer British Crown, 1,248.
6
4%
3
4%
Total.....
1,868
4,200
3,499
3,057
The
form,
particulars of these shipments, arranged in
are as
5*i«
5%
55l6
5%
5»i«
Cotton from New York this week-show
9,093
1,200
1,644
1,630
2,570
2,020
2,462
2,131
2,414
1,248
our
usual
follows:
Havre
Lirer- - and
and
Ham¬
Rouen.
burg.
pool.
New York... 9.353
663
N. Orleans.. .15,015 13,071
Charleston
1,868
Port Royal.. 3,499
Savannah... 3,057
Texas
9,093
Wilmington
Norfolk
an
.
2,2634,356
1301
1365
982
Bremen
fi0
5%
5%
-
102384
Am- Reval A
ster- CronBarce- Vera
dam. stadt.
Iona. Cruz.
574
12,714
4,200
2,263 4,356 1,301 1,865
1,200 1,644 1,630 2,570
2,020
2,462
Baltimore... 2,131
Boston
2,414
compared with last week, the total reaching 10,590
bales against 7,772 bales last week. > Below we give our usual Philadelphia 1,248
table showing the exports of cotton from New York, and their
Total... .48,27219,065 6,574 2,93123,369
as
8,951
90
384
1,233 44,328
2,240 1*24,247
3,703 130,126
-
8% lbs.
Mid.
8.
of
49,914
-
1879-80.
The Exports
5,500
....
669 103,085
405 38,702
Foreign..
15,000
comparison.
23 10%®1078 7
7
30 10%®11
6 11 ®11% 7
Feby.
“
13 11%® 11% 7
“
20 11%®12% 7
“
27 11%® 12
7
Mar.
7
5 11%® 12
“
12 11%®11% 7
“
19 11 ®11% 7
2,575
•#•••»
Florida..
S.Car’lina
NCar’lina
2.505,000
We give to-day’s prices below, and leave previous
“
112 14,735
557
4,850—ppr bark Lizzie Perry, 2,165
5,000 cantars, land the shipments to all Europe
d.
173,677
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
Manchester Market;—Our report received from Manchester
to-day (Mar. 19) states that prices of twists and shirtings are
lower, and the market is inactive for twists and nominal for
d.
203
2,869
35,595
280,000
2,750 bales.
“
1,877 .5,279
89,510
36,000
This statement shows that the receipts for the week ending
Jany.16 10%®107S
23,545
1,154
186,000
*
weeks'for
This
Since
Sept.l. week. Sept. 1.
Last year. 15,8811725,223 ll0,947 247.304
1879.
This
Since
week. SCpt. 1.
shirtings.
Sept.
Baltimore.
Since
To Rouen, per steamer Boadicea, 1,197
Since Sept. 1
were
This
1. week.
2,500 138,571
Mobile...
:
This week...;
Mar. 18
N. Orl’ans
Texas..
Savannah
Philadelphia.
Since
245,000
35,000
following, are the receipts and shipments the past week and for
the corresponding weeks of the previous two years.
eorrections.
Boston.
This | Since
This
week. jSept. 1. week.
from—
33,000
3,000
we shall hereafter receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The
Receipts (cantars*)—
New York.
Reoeipts
123,000
63,000
Liverpool and Alexandria,
1880.
7,772 10,590 305,826 221,087
Receipts
Since
Jan. 1.
have made with Messrs. Davies, Benachi A Co., of
March 18.
are the
This
week.
date, at all India ports.
Alexandria Receipts and Shipments.—Through
Alexandria, Egypt,
5,610
of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879;
Tenn., &o.
years up to
we
8,168 14,815
The Following
North, pts
This last statement Affords a very interesting comparison of the
total movement for thie week ending March 18, and for the three
ments
5,610
3,206,
Grand Total
Virginia.
1878.
1879.
1880,.
635
3,206
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHBB.
...
10,451
100
According to the foregoing, Bombay appears to show an increase Bremen and Hanover
compared with last year in the week's receipts of 24,000 bales, and Hamburg
Other ports
a decrease in shipments of 21,000 bales, and the shipments since
January 1 show an increase of 61,000 bales. The movement at Total to North. Europe
Calcutta, Madras, Tuticorin, Car war, Ac., for the same week and
Spain, Op’rto, G ibralt’r, Ac
years has been as follows.
All other
Shipments this week.
period
previ’ua
1.191
982
Total..
10390
41.991
6,068
3,499
13,824
16,137
2,020
2,462
2,131
2,414
1,248
932 1,191102384
THE CHRONICLE.
304
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Montana, steamer (4,321 tons gross, built of iron, belonging to the
Below
Monday.
we
Guion Line), Captain Gadd, from New York March 2d via Queens¬
town 12th, of and for Liverpool, with a cargo including 1,150
bales cotton, struck on the rocks in Cooks Bay, Holyhead, at 3 A.
M. of the 13th, compartments forward of the eugine filled with
water and it was feared that she would become a total loss.
Passengers, mails and crew were landed the same morning and
forwarded to Liverpool. On the 15th she had settled down on the
rocks and her taffrail was covered at high water. The salvage was
proceeding.
her boilers.
7932®54
Apr.-May
May-June
June-July
July-Aug
Aug.-Sept
Mar.-Apr
damage.
not ascertained.
Alnwick Castle, arrived
at Liverpool March 3, with .cargo ex-British steamer William
Burkitt, from 8avannah for Reval, before reported.
Wm. BuhKirr, steamer (Br).The British steamer
Devonshire, ship, (Br.),1 at Liverpool Feb.
ing a gale on 13th lost rudder stock,
25 from New Orleans, dur¬
foresail and main lower top-
sailyard.
Ivy, ship, Lowell, at Havre Feb. 24 from New Orleans, reports: Feb. 12,
lat. 42 35 N. Ion. 35 55 W. encountered ajterriflc gale from 8. W. to
W., lasting 18 hours, during which shifted cargo, giving the ship
a bad list to port;
twisted rudder head, stove cabin, wheelhouse,
poop and locker doors, washing away most of the stores and every¬
thing moveable about decks; several sails were blown from the
g&sgets and portions blown away; sprung topsail yards, Ac.
John Murphy, ship (Br.), Murphy, which arrived at Havre Feb. 23
from New Orleans, lost her main and mizzentopgallant masts and
Princeton, ship, Bradley, which arrived at Liverpool Feb. 18 from
Savannah, reported that on the passage (which was one of the
roughest Captain Bradley ever experienced), when about 100
miles from Cape Clear, the ship was caught in a cyclone, which
lasted for 6 hours. During that entire time the vessel was on her
beam ends, with five feet of water in her hold. When she arrived
at Liverpool, however, she was found to be perfectly tight.
John E. Chase, bark, Huntley, from Charleston for Havre, put into Lis¬
bon March 9, with loss of rudder head.
Themis, bark ( Br.), Jordan, from Savannah Dec. 31 for Bremen, was
spoken (no date) 30 miles west of Cape St. Vincent, with rudder
broken and short of provisions.
Cowes. Feb. 27—A quantity of wreckage was
passed on the 15th inst.,
300 miles west of Cape Clear, by the Enoch Train from New
Orleans, at this port. Some bales of cotton were passed some days
d.
d.
7®3*
7Bi*
71132
June-July
7H
7*6
July-Aug
6ais*
79.32
Sept.-Oct
Mar.-Apr
3*
7*4
Delivery.
Apr.-May
May-June
78i«,
;.
ZJ16
'610
Aug.-Sept
•
--7*32
Tuesday.
Delivery.
6*9s2 Mar.-Apr
May-June
7".32
Mar
7*8
Mar.-Apr
7*8
Mar
7B3f
Delivery.
Delivery.
Oct.-Nov
714
Mar
7»i6®B32 Mar...
Apr.-May
7316 ® &32 Mar.-Apr
May June... .7132®8is Apr.-May
Mar.-Apr
Aug.-Sept
.6is
7932® x4
7310
Apr.-May
79.32
June-July
Aug.-Sept
678
Oct.-Nov
Wednesday.
.
7*8®3<t2 Mar.-Apr
Apr.-May.. 7 *8 ® 332 ® *8
May-June
7%
June-July.. ..73lt®5sl
July-Aug
7732®3i«
Aug.-Sept
7332® x4
731Q
Sept.-Oct
.7*4
Delivery.
Oot.-Nov
Mar.-Apr.
7h>
7732
7*32
.77.32-
-
Delivery.
Delivery.
Mar
■Z532
7316
......
7*4®732 May-June
7*32 ® *4 June-July
Aug.-Sept...
Sept.-Oct
June-July
July-Aug
Sept.-Oct
62732
7*8
June-July.
July-Aug..
7316
Oct.-Nov..
Mar
7732
773a
714
714
67s
77327310
7732
7®32
Mar.-Apr..
May-June.
Mar...
....731 g
Apr.-May
May-June
7B32®310 July-Aug.
73i6
Thursday.
sails.
Marcia Greenleaf, ship, Bunker, loading at New Orleans, was discov¬
ered to be on fire A. M. of March 11, supposed to have been
communicated by a spark from a passing steamboat. The fire was
extinguished. 8even bales of cotton were damaged by the fire.
July-Aug
7Bie
Aug.-Sept....
7“32 Oct.-Nov
Mar
738
7i382 May-June
7*4 I June-July
She was in collision night of Feb. 26 in the
Mersey with the Ringleader, from Pernambuco; damage to steamer June-July
July -Aug
considerable
Delivery,
May-June
June-July
Delivery.
d.
....7516
Mar.-Apr
7932
Mar
The vessel lay heavily on the rocks, which ani under
Orator, steamer (Br.), Corbishley, from New Orleans at Liverpool Feb.
26, reported encountered a heavy gale lasting from the 15th to
18th, during which shipped a quantity of water and sustained
,
[VOL. XXX.
JL
I
Dthvvry.
7*4
Mar
Mar.-Apr
,...73ltt
Apr.-May.
7310
May-June
7732
June-July .714®732®i4
Delivery.
I Apr.-May
j May-June
Delive. V.
..7732
7*4
7®32
7G32
, June-July
[July-Aug...
| Aug.-Sept
June-July
Aug.-Sept....
Mar
Mar.-Apr....
7H32 Apr.-May
7Bie May-June....
June-July
7H
7932 \ July-Aug
July-Aug.7932^i4®932 Sept.-Oct
Aug.-Sept
7&i® I Apr.-May
May-June
Sept.-Oot
7»32
Mar
7932 j
.
-7|i«
.738
-
...
.-..7*1*
-7732® *4
..
..7®32
:::7X
....
730
Friday.
Delivery.
7^2 *10
Mar.-Apr .73ie® J4®d32
Apr.-May
73^®^
May-June.. .7^®9m
Mar
Delivery.
Delivery.
July-Aug... .7Bi«®H32 June-July
.7U-32®3g July-Aug
Aug.-Sept...
Sept.-Oct
7&16
..7932
7Bia
April-May
Ma^-June
8ept.-Oct
7ii32
738
7H32*
Oct.-Nov
7
Sept.-Oct.
7Bie
June-July.... 7932®B;6
previous.
Cotton
freights the past week have been
Mon.
Satur.
Wednes.
Tues.
BRE ADSTUFFS.
follows:
as
Friday, P. M., March 19* 1880.
Fri.
Thure.
quiet, and prices somewhat
the
week;
still,
the decline has not been im¬
depressed
in
past
31«
3ie
3ie
3I«
38®-..* sg®-..* Ss ®...* 5s®...* ®8®
portant. The demand for extreme low grades for shipment to
hi
Do
sail
c.
*2
*3
hi
hi
the British Provinces has fallen off materially, and the demand
V
V
®8*
Bremen, steam, .e.
from Europe has not been urgent. With the opening of
Do
c.
sail
*2
>2
*2
*2
hi
Spring, and a rise in the streams, the production of flour will
Hamburg, steam e. 5s®...* 50®...* 38®--.* ®8® .* 38®-..* *8®--.*
probably increase. The close to-day was quite depressed. Bye
Do
hi
sail...e.
hi
*2
hi
**
*2
flour and com meal about steady.
«8
*8
*8
*8
Amst’d’m, steam, e.
...®
...®
®
sail...c. ...'Of
Do
The wheat market has been quite variable in tone and prices.
Baltic, steam
d. 716®l532 7l«®l632 716®1532 710®163S 71G®1632 7IC®158t There has been a moderate
export and milling demand, with
d.
Do
sail
speculation quite active at times. The indications that our sur¬
Compressed.
plus will all be needed by the West of Europe before th*
Liverpool.—By cable from Liverpool, we have the following arrival of the period for marketing the next crop gave much
statement of the week’s sales, stocks, &c., at that port:
confidence to holders; but the publication of estimates of agreatly-increased yield from the growing crop of Winter wheatMar. 5
Mar. 12. Mar. 19.
Feb. 27.
had a depressing influence. No. 2 red Winter sold as high as
42,000
45,000
31,000 $1 49@$L 49/£ on the spot, $1 47^@$1 48 for April and f 1 44%
bales.
42,000
Sales of the week
14,000
22,000
Forwarded
13,000
18,000
45 for May ; but last evening dropped to $1 44% for April
25,000
33,000
34,000
32,000
Sales American
4.000
7,000
3,000 and 91 42 for
4,000
Of which exporters took
May ; No. 1 white $1 42 cash and $1 40@$1 40%
2,000
4,000
1,000
5,000
Of which speculators took..
576,000
521,000
578,000 for April.
511,000
Total stock—Estimated
There
has been rather more doing in Spring wheat,,
421.000
386,000
429,000
382,000
Of which Americau—Estim’d
105,000
65,000
109,000
55,000 mainly at $1 38@$1 41 for New York and Western No. 2 and
Total import of the week
45,000
87,000
Of -which American
78,000
31,000 $1 34@$1 35 for No. 3.
To-day the opening was steadier, but
6,000
5,000
4,000
8,000
Actual export
at
the
the
close
about
304,000
313,000
345,000
334,000
prices of last evening.
Amount afloat
230,000
252,000
284,000
264,000
Of which American
Indian com has been tending downward for both spots and
this month, but later futures have been about steady. Old
The tone of the Liverpool market for spots and futures each day cf the
week ending March 19, and the daily closing prices of spot cotton, have
com is nearly nominal.
Yesterday new No. 2 sail mixed sold
been as follows:
on the spot at 59c.; for this week, 58%c.; for all March, 57%c.;
Saturday Monday. Tuesday. Wednes. Thursd’y Friday.
for April, 55c.; and May, 53c. Old No. 2 mixed held nominally
Spot.
Dull
Dull
Dull
Quiet
at 60c. on the spot. New round yellow on the spot sold at
Very
Market, ?
and
and
and
and
Steadier.
dull.
12:30 p.m. J
easier.
easier.
easier.
changed.
60c., and prime Western white at 63c. To-day there was some
714
73s
7i4
Mid. Upl’ds
73@
7*l«
weakness in futures, No. 2 mixed closing at 54%c. for April
738
738
Mid. Orl’ns.
7Bi<j
7716
7*16
77ie
Liverpool, steam d. 732® *4
Do
sail...d.
31«
Havre, steam
r. 38®--.'
732®*4
316
732® *4
732® *4
The
732®*4
flour
market has been
-
•
-
..
*
•
....
un¬
Market,
?
5 p.m.
J
and 52%c. for
—
Sales
3,000
Spec. A exp.
None.
—
—
7,000
1,000
5,000
1,000
Steady.
Barely
Steady.
—
Bye has favored buyers; several
5,000
6,000
5,000
500
500
1,000
Future#.
Market,
P.M.
(
J
Steady.
Firm.
Quieter.
Steady.
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Mar...
Delivery.
Mar.-Apr
d.
..V5i6
7®32
June-July
7na*
Delivery.
d.
7 % ® 13 J#
Nov.-Dee
67s
July-Aug.
730
May-June.... ....75;§
Delivery.
d.
May-June
7Bi6®932
May.
—
Ang.-Sept
boat-loads of No. 2-Western
better demand at from $1 05
down to 63@70c. for common
State, two and four-rowed. Oats have been variable, declining
sharply early im the week, until No. 2 mixed sold at 45%c. on
the spot and 44?#c. for April. There was a slow recovery from
these prices, and yesterday No. 2 mixed sold on the spot at
46^c. To-day the market closed flat; No. 2 mixed and white
on the spot closed at 46@46%c. and No. 2 mixed sold for April
sold at 96c. Barley met with a
for choice No. 1 bright Canada
at
44$£c.
The following are
closing quotations:
Mabch
Wheat-
V bbl.$3 40® 415
•Superfine State and
4
5
5
5
Spring wheat extras..
XXX
...
Winter shtpp’g extras.
do XX andXXX...
Minnesota patents...
City shipping extras.
Southern, bakers’ and
family brands
$1 32 ®1
1 37 ®1
Amber winter... 1 38 ®1
Red winter, No. 2 1 46 ®1
1 38 91
White
1 41*91
No. 1 white
57 9
Corn—West, mixed
.9
West’n No. 2, new
58 9
Western Yellow..
60 9
Western White...
92 ®
Rye
510
5 50
6 85
5 85
7 00
7 50
6 00
65®
25®
65®
40®
6 00®
6 50®
5 40®
western....
do XX and
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by lake and rail, Mar. 13, was as follows:
The visible
GRAUf.
FLOUR.
No. 2...
•
6 25® 7 25
5 60® 6 15
4 75® 5 10
South’n ship’g extras.
Rye flour, superfine..
Corn meal—
Western, &o
Brandywine, Ac
® 3 30
•
40
46
46ift
42
42
<0
59
60
State, 4-rowed...
70
62
83
9
•
95
Receipts of flour and grain at Western lake and river ports
for the week ending Mar. 13, 1880 :
Flour,
Wheat,
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
bbls.
At—
(196 lbs.)
41,657
5,374
2,203
27,374
4,885
Cleveland
St. Louis
Peoria
Duluth
Total receipts at same
Flour
Wheat
Com
bbls.
bush.
Oats
Barley
Rye
Total grain....
bush.
Barley,
Rye,
bush.
bush.
(32 lbs.) (48 lbs.) (56 lbs.)
256,059 13,955
8,175
16,700 13,111 15,565
3,831
6,825*
60
6,755 11,270
4,000
6,750
59,964 50,887
22,950
801,425
277,950
541,138 2,677,883
906,400 1,226,641
Same time’79. 124,118
for four years:
257,013
125,171
8,350
117,373
.......
53,200
116,935
75,531
32,757
9,550
35,880
Milwaukee
Toledo
Detroit
Total
172,8441,253,520
Oats,
1,000
3,962
62,400 10,500 14,400
409,709 106,473
641,785 119.775
T,247,477
1,077,804
849,009
1,237,282
8,416,158
25,577,506
3,962,391
12,710,306
11,385,467
14,988,575
4,123,381
11,312,954
3,780,564
3,435,966
12,560,656
2,741,890
1,435,124
493,522
1,458,869
623,473
1,833,486
606,087
1,280,925
454,505
39,884,701
33,904,604
28,918,558
20,473,912
receipts (crop movement) at the same ports from Aug. 1
Mar. 13, inclusive, for four years:
1878-79.
1877-78.
1876-77.
3,404,629
4,098.833
4,009,676
3,502,701
70,800,588
68,799,170
54,870,758
33,828,951
1879-80.
bbls.
Flour
73,368
5,158,526
598,074
Duluth
Toledo
270,000
1,292,602
631,186
Detroit
1,660,555
202,329
280,000
887,952
169,430
338,641
123,215
446,382
9,054
187,888
Oswego
8t. Louis
Boston
Montreal
Philadelphia
Peoria
Indianapolis
501,281
Kansas City
Baltimore
Rail shipments...
Lake shipments.
662,632
383,194
3,625
140,000
1,349,566
262,699
88,595
507,115
363,626
207,497
203,186
577,057
1,741,181
213,800
605,246
46,608
564,213
101,037
89,490
22.186
34,000
5,717
2,000
208,203
58,415
22,350
131,721
548,000
2,475
435,000
35,626
14,632
129,393
8,971
-
4.000
56,405
4.518
3,726
37,678
85,272
165,990
140,356
1,185
6,408
46,729
5,671
14,740
356,836
84,496
27,345
820,612
831,162
900,050
915,945
865,074
20,985,326 13,342,312 2,153,016 3,098,617 1,195,238
27,046,506 14,979,402 2,847,509 3,470,690
27,259,552 14,970,644 2,804,575 3,509,077
28,034,716 15,621,190 2,909,694 3,687,191
28,179,959 15,524,733 3,009,925 3,768,721
28,889,896 14,817,756 3,018,733 3,897,025
Total
Mar. 6, ’80
Feb. 28. '80
Feb. 21, ’80
Feb. 14, ’80
Mar. 15, ’79
THE DR7 GOODS TRADE.
Friday, P. M., March 19, 1880.
1877.
Total
to
370,000
8,868,871
86,000
15,655
5,269,803. 956,951
SSL
130,534
13,000
72,800
51,057
245,653
43,162
41,081
1878.
1879.
417,185
2,337,991
148,652
175,000
ports from Jan. 1 to Mar. 13, inclusive,
1880.
bush.
177,008
205,000
Toronto
Weekly.”)
Barley,
231,505
100,0001
12,500
628,616
4,272,577
731,000
2,300
Do
afloat....
Milwaukee
Oats,
bosh.
Buffalo
9
9
Cora,
bush.
bush.
Chicago
63
80
Wheat,
In Store at—
New York
Do. afloat (est.)
Albany
96
Bariev—Canada W.
State, 2-rowed..
Peas—Can’da,b.<fcf.
at the
34
47
49
91 05
9
80
9
70
White
2 85® 3 10
•
45
45
Oats—Mixed
(From the “ New York Produce Exchange
Chicago
305
THE CHRONICLE.
20, 1880. J
dry goods has shown a fair degree of activity
past week. There was some abatement in the demand for
staple cotton and woolen goods at first hands; but other sea¬
sonable fabrics continued in steady request. The jobbing trade
was active in all its branches, and an important aggregate
amount of staple and department goods was placed in the hands
of retailers from all parts of the country. The tone of the
market has been very firm, but there was rather less tendency
to advance prices than of late, and manufacturers seem inclined
The market for
the
conservative policy and rest satisfied with their
70,079,136
55,055,970
46,402,570
51,310,557 present profits, which are by no means inconsiderable. Stocks
20,984,363
16,192,121
18,375,826
13,787,590 of manufactured
goods are exceedingly light in the hands of
Barley
9,302,003
8,500,645
8,312,346
7,346,575
Rye
3,445,510
1,579,816
2,532,904
2,312,049 agents, and many fabrics continue sold in advance of produc¬
! Total grain
172,003,063 154,919,964 128,360,699 107,585,722 tion. Foreign goods have received a fair share of attention
Comparative shipments of flour and grain from the same from both wholesale and retail buyers, and prices ruled steady,
but there was a continued pressure to sell dress silks, and a
ports from Jan. 1 to Mar. 13, inclusive, for four years:
1880.
1879.
1878.
1877.
farther large offering (3,000 pieces) was made through one of
Flour
bbls.
1,338.425
1,259,469
768,465
869,218
the leading auction houses with fairly satisfactory results.
Wheat
Com
Oats
bush.
to pursue a
....
Wheat
Com
bush.
Oats
9,895,912
1,543,230
6,287,135
2,734,743
8,000,608
2,323,871
732,811
356,184
1,001,825
273,826
1,042,759
361,557
764,306
201,467
19,095,391
17,032,866
21,697,707
10,404,397
2,384,310
5,637,549
13,111,174
7,384,923
2,510,912
Barley
Rye
Total grain....
Rail and lake shipments
Week
bbls.
114,784
Mar. 13
Mar. 6
Feb. 28
Feb. 21.
102,472
105,301
93,306
Total, 4 w’ks.415,863
4 weeks’79..559.977
from same ports for the last four weeks:
Wheat,
Cora,
bush.
bush.
383,194 1,741,181
220,380 1,729,023
203,506 1,818,360
135,6411,592,382
Flour,
ending—
1,608,259
Oats,
Barley,
Rye,
bush.
bush.
bush.
84,496 27,345
73,306 20,311
65,660 34,205
58,412 40,733
356,836
242,196
198,423
314,342
942,721 6,880,946 1,111,797
2,472,836 3,134,413 1,139,133
281,874 122,625
339,797
86,730
Receipts of flour and grain at seaboard ports for the week
ended Mar. 13;
Flow,
Wheat,
bush.
bbls.
At—
New York
75,603
Boston
30,070
2,307
4,326
12,180
20,200
Portland
Montreal
Philadelphia
Baltimore
New Orleans
357,300
87,161
10,800
3,200
94,500
309,600
17,333
Cora,
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
582,575 233,920
302,598 34,321
5,600
1,500
10,181
764,800 45,600
733,400 25,200
479,774
64,830
7,452
3.500
10,000
500
19,000
2*000
6,500
29,012
862,561 2,864.647 383,834
162,019
Total week
Oor. week’79— 241,025 1,689,960 1,969,159 402,374
97,830
15,952
62,758
78,294
1 Q7Q
1 Q7Q
10*77
Flour
bbls.
1,797,411
2,068,314
1,756,781
1,384,577
Wheat
Com
Oats
hush.
7,148,328
20,977,969
13,937,460
18,836,135
2,649,076
1,349,205
3,354,172
15,459,409
18,430,710
3,076,594
1,091,276
203,029
948,577
439,385
1,589,916
512,190
32,774,774
38,357,675
37.524,787
Barley
Rye,
Gooq^—The exports of cotton goods daring
ending March 15 were 1,334 packages, including OH
to Great Britain, 145 to Hayti, 96 to U. S. of Colombia, 51 to
Dutch West Indies, and the remainder to other markets. There
was no material change in the status of the market, but the
demand tby package buyers was less active and selections were
mostly restricted to relatively small parcels of plain and colored
cottons.
Brown sheetings were in moderate demand by job¬
bers and for conversion purposes, and there was a steady in¬
quiry for small lots of bleached shirtings, low grades of which
continue very scarce. Colored cottons and corset jeans were in
moderate demandant cottonades were less active. Print cloths
were in good demand for future delivery, and prices ruled firm
at 5%c. for 64x64s spot and near deliveries and 5%c. for July to
October delivery. For 56x60 print cloths there was a fair in¬
quiry at 5>£c. for spots and 5c. for July to October delivery.
Prints were in irregular request, and while some of the makes
that were lately advanced to 8c. moved slowly, there was a fair
demand for fancies at 7^c. and shirting prints at 7@7^c.
Printed lawns piques and wide prints met with liberal sales,
and cotton dress
And from Jan. 1 to Mar. 13, inclusive, for four years:
1 QQA
Domestic Cotton
the week
in
goods and ginghams continued active, firm and
light supply.
Domestic Woolen
Goods.—There was a liberal movement in
15,356,834 clothing woolens on account of former orders, bat the current
2,752,487 demand was comparatively light. Prices continued very firm
782,059 on all woolen fabrics, and as manufactured goods have not yet
233,779
appreciated in a like ratio with the enhanced cost of raw mate¬
rials, labor, &c., it is more than probable that quotations for
Exports from United States seaboard ports and from Montreal
many leading fabrics will be advanced in the early future.
for week ending Mar. 13:
Peas,
Rye,
Wheat,
Cora,
Oats,
Flour,
Fancy cassimeres and suitings were only in moderate demand,
bush.
bush.
bush.
bush.
bush.
bbls.
From—
377.422
693,900
New York*.... 39,465
3,389 37,121 20,130 but large deliveries were made by agents in execution of back
17,582
210,462
Boston
17,706
8,409 orders. Worsted coatings were fairly active, and many makes
10,800
5,600
Portland!
3,300
Montreal
are largely sold ahead of production. Overcoatings ruled quiet
474,983
6,275
34,000
Philadelphia-.
and steady, and there was a hand-to-mouth demand for cloths
810,845
1,550
221,211
Baltimore
17,020
and doeskins. Sales of Kentucky jeans and satinets were com¬
Total for wTc 83,766
977,493 1,879,712 10,539 37,121 28,539
.5,449 16,735 30,510 paratively light, but there was a steady movement in these
Same time ’79.100,377 1,470,980 1,677,945
fabrics on account of old orders. Flannels and blankets were
72,395 bush, barley. 110,000 bush, barley.
Total grain....
?
*
20,424,362
THE CHRONICLE.
306
relatively quiet, but nearly all makes are sold ahead, and prices
are strong at the last advance.
Dress goods were in steady
request, and there was a fair inquiry for Shetland shawls; but
worsted shawls remained quiet.
Carpets were freely dis¬
tributed in execution of former orders, and prices ruled very
[vol. xxxj
Receipts of Leading Articles of Domestic Produce.
The
following table, based upon daily reports made to the
Exchange, shows the receipts of leading
articles of domestic produce in New York for the week ending
with Tuesday last (corresponding with the week for exports)
also the receipts from January 1, 1880, to that day, and for the
firm.
Foreign Dry Goods.—There was a good demand for staple corresponding period in 1879:
and fancy dress fabrics, liberal sales of which were made by
Week ending Since Jan. 1,
Same time
importers and jobbers, and desirable goods were firmly held.
March 16.
1880.
last year.
Fine black and colored silks were in steady request, and there
Ashes
...bbls.
115
871
1,533
was a brisk inquiry for novelties in fancy silks ; but low grade
Beaus
...bbls.
875
12,283
19,415
black and colored silks were quiet, owing to the late heavy Breadstuff's—
.bbls.
71,307
Flour, wheat
1,123,129
821,102
Cora meal
...bbls.
874
19,618
40,802
offerings at auction, which have supplied the immediate wants
Wheat
..bush.
336,900
2,458,651
7,928,414
of buyers. Linen and white goods were quiet in first hands,
..bush.
5,400
84,333
222,416
Rye
Cora
..brjsk.
829,989
5,405,962
5,282,478
but fairly active with jobbers. Embroideries and laces were in
Oats
322,888
1,923,811
1,549,700
95,442
steady request, and the business in ribbons and millineryi; Barley and malt.. ...bush.
991,018
952,724
..bush.
Peas
103,427
112,382
1,448
goods was moderately satisfactory.
Men’s-wear woolens, Cotton
..bales.
15,367
258.587
304,829
New York Produce
..
,
#
Italian cloths and satin de chenes'were distributed in small
pareels to a fair aggregate amount, and there
inquiry for hosiery and fabric gloves.
was a
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
steady
Manufactures of—
Wool
686
1,186
Cotton
679
Silk
1,443
Flax
4,851
Miscellaneous
8,345 1,539,899
Total
Pkgs.
707
$
324,970
851
614
285,763
448,836
1,012
198,180
716
147,353
$
277,215
366,40S
431,182
257,975
207,119
1880.
Value.
Pkgs.
3,930 1,405,102
$
1,560
566,203
2,103
1,407
1,871
1,951
135,042
64,780
169,431
381
100,821
4,442
60,862
6,536
Flax
Miscellaneous
5,885
530,939
8,345 1,539,899
Total
Ent’d f orconsumpt.
Total
on
754,730
3,202
Total
Ent’d for cousumpt.
4,158 402,946
8,345 1,539,899
150
111
331
Total at the port... 12,503 1,942,845
19,494
891,834
3,108
15,904
363,729
1,165
35,736
339
138,190
195
54,713
262
153,977
75,531
108
98,853
149
434
130,968
96,245
718
119,193
84,314
2,939
34,263
4,340
381
139,105
170
54,222
|p4
409
89,072
906
25,646
i
34,493
1.S70
381,481
3,930 1,405,102
71,257
—No.
.pkgs.
752
.kegs.
.
.
.
-
9,321
12,026
428,070
506,620
213,153
257,175
254,237
65,595
99,236
111,107
122,044
22,836
38,320
19,390
232,562
10,773
29,322
.slabs.
Stearine
..bbls.
525
10
hhds.
13
.pkgs.
2,058
3,635
pkgs.
Sugar
.
boxes A
cases.
Tobacco
v
8.446
49,440
9,372
3,893
8,451
71
-
6,377
22,385
35,975
10,534
69,065
5,024
1,231
6,162
.bbls.
.bales.
.
Wool.
3,409
73,436
19,276
..bbls.
tcs. A bbls.
Tallow
Tobacco
496
1,660
3,043
48,171
20,659
4,353
20,374
28,141
1,702
3,698
..pkgs.
Whiskey
160,555
49,151
136,249
152,990
426
123,16L
29,540
.
Sugar
282
9,452
57,301
5,870
27,483
Spelter
8,892 3,047,068
1,015
15,345
60,174
4,630
65,002
1,979
-pkgs.
.pkgs.
.pkgs.
..pkgs.
Rice
%
1,429
.
Hogs, dressed
53,186
34,926
191
.galls.
.
Cheese
Eggs
Lard
Lard
76,535
109,299
6,118
.
Butter
477,327
450
381
144
632
10,221
.
Pork
8.892 3,047,068
508.920
7,721
3,930 1,405,102
137,877
48,805
95,915
66,651
53,658
715J373
76
932
312
110
...
Beef
Cutmeats
ENTERED FOR WAREHOUSE DURING SAME PERIOD.
364'
77,409
9,311
2,827
'
4,941
Peanuts
Provisions—
997,587
425,253
303,295
market... 14,030 2,070,838 11,651 1,914.022 13,232 3,524,395
Manufactures of—
Wool
Cotton
Silk
Flax
Miscellaneous
.pigs.
..hhds.
...bbls.
193
...bbls.
...bbls.
Oil, lard
Oil, whale
ING THE SAME PERIOD.
358
249
167
469
..bales.
..bales.
681
..
Rosin
Tar
Pitch
Oil cake
Value.
WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MARKET DUR¬
Manufactures of—
Wool
Cotton
Silk
2,872
2,866
..
1879.
Value.
..bap.
8,124
3,543
51,656
32,798
12,215
4,098
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits
18, 1880.
ENTERED FOB CONSUMPTION FOR THE WEEK ENDING MARCH
Pkgs.
27
Leather
Lead
Molasses
Molasses
Naval Stores—
The importations of dry goods at this port for the week ending
March 18, 1880, and for the corresponding weeks of 1879 and
1878, have been as follows:
1878.
966
Hops
Importations of Dry Goods.
r
...bbls.
...bags.
123
735-
23,487
28,473
25,318
6,348
82,786
10,138
Exports of Leading Articles of Domestic Produce.
The
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the export#
from the 1st of January, 1880, to the same day, and for the cor¬
responding period in 1879:
the
4,816
533,438
8,892 3,017,068
5,900 1,786,583 13,706 3,580,506
Imports of Leading Articles.
The
Week ending
following* table, compiled from Custom House returns,
March 16.
shows the
foreign imports of leading articles at this port since
Jauuary 1,1880, and for the same period in 1879:
1880.
China, Ac.—
China
Earthenw
Glass
Glassware.
Glass plate.
Buttons
Coal, tons...
.
Cocoa, bags.
Coffee, bags.
Cotton,bales
Drugs, Ac—
Bark, Peru.
Blea. powd.
Cochineal..
Gambler
Gum, Arab.
..
Indigo
Madder, Ac
Oil, Olive..
Opium
Soda, bi-cb.
....
Soda, sal. .-.
Soda, ash..
Flax
Furs
Gunny cloth
Hemp, bales
Hides, Ac.Bristles
..
.
Hides,dr’sd
India rubber
Ivory
Jewelry,AcJewelry...
2,671
9,747
104,045
6,162
1,303
3,056
1,938
6,363
43,812
7,372
980
487,167
2,498
5,795
7,702
491,530
1,526
3,373
9.227
11,477
7,747
5,154
1,337
13,549
1,866
l,o66
330
10,566
179
3,350
9,873
17,655
1,897
2,576
1,414
45,670
598
2,749
17,156
13,676
2,186
1,466,473
198,596
92,772
352,58 4
7,945,097
56,816
13,960
Steel
Tin, boxes.
slbs.,lbs
Paper Stock.
Sugar, bkd8,
tcs., Abbis.
Sugar, boxes
and bags...
Tin
Wines, Ac.—
13,631
Champ’gne
1,109
baskets..
Wines
1,302
1,155 Wool, bales.
5,961 Reported by
205 value.
5,714 Cigars
Fish
1,417 Fruits, Ac.—
100
1,017
29,098
Lemons
..
Oranges
Nuts
Raisins
.
...
....
222 Hides, undr.
996 Rice
12,198 Spices, Ac.—
284
192
706
204
589
Cassia
1,701
1,171
363
148
371,482
260,795
21,858
16,757
Ginger..
..
...
46.716 Woods—
4,526 Cork
Fustic
Logwood
Mahogany.
..
2,279
21,708
10,322.
53,425
743,287
1,031
Corn meal
2,540
28,404
Wheat
...bush.
690,617
6,148,062
7,780,721
...bush.
...bush.
...bush.
10,924
704,542
2,749
77,228
410,265
33,129
187,460
112,925-
...bosh.
9,165
594,031
63,798
Cora
Candles
5,170,049
Coal
—tons.
520
390
6,115,766
14,663
Cotton
Domestics
...bales.
8,453
...pkgs.
1,334
1,792
kales.
13
63,355
20,478
18,891
1,785
bbls.
80
2,1.73
100
2,311
....bbls.
—bbls.
2,535
36,988
1,060
31,082
1,713
...
Barley
Peas
..
313
.pkgB.
Hay
65
42
Hops
.
-
36,74a
21,712
11,310
13,428
17,716
66,875
26,230
13,746
9,137
Naval 8tores— *
19,655
20,341
32,741
391,597
14,659
189,682
100,686
118,321
522,077
225,085
280,852
G,893,839
54,734
37,587
Pepper....
124 Saltpetre
Hardware...
452,732
435
633,844
1,247
35,366
Oats
87,728
last year.
....bbls.
....bbls.
Rye
222,121
3,176,353
26,479
679,832
$
13,249 Corks
14,257 Fancy goods
465
95,776
272
690
Metals, Ac—
Cutlery
Flour, wheat
Flour, rye
Spelter, lbs
2,952 Waste
39,013
9,478
.
1879.
Lead, pigs.
Tea
9,066 Tobacco....
Watches
Linseed
Molasses....
.
1880.
Beeswax
Breadstuffs—
Metals, Ac-
3,992
Hair
1879.
Same time
1,
258
57
....bbls.
....bbls.
lbs.
Ashes, pots
Ashes, pearls
I Tlie quantity is given in packages wtien not otherwise specified. |
Since Jan.
1880.
15,286
127,174
65,840
Crude turpentine.
Spirits turpentine.
11,515
17,018
7,510
$
302,374
Rosin
Tar
Pitch.....
14,962
Whale
Sperm
Lard
91,046
129,403
496,810
200,536
305,812
2,339,695
14,695
70,471
...
bbls.
Linseed
Petroleum
Provisions—
Pork
Beef
gals.
....gals.
..:.gals.
....gals.
....gals.
Beef
Cutmeats
Butter
•
.tierces.
67,000
29,750
Tobacco,manufactured, lbs.
117,670
9,317
199,475
193.314
39.814
29,030
Whalebone
lbs.
1.176
401,026
14,249
24,341
4,398,342
26,898,999
3,732
9,308
1,191
241,413
1,661
46,397
55,648
949
10,132
1,327
14,399
121.745,999
4,590,400
11,312,064
9,738
12,479
13,927,780
Cheese..
Lard
900
792
42,397
104,121
6,182
62,049,081
1,800
.
lbs.
Rice:
...bbls.
Tallow
lbs.
...hhds.
Tobacco, leaf
bales and cases.
Tobacco
41,546
131,112
70,489
90
20
20
....bbls.
cwt.
Oil cake
Oils—
143,004
...
452,063
571,155
8,350,647
51,242,710
186,739,297
7,085,610
22,498,737
66,625,635
.
190
2,635
3,905
436,936
1,101
12,839,853
17,548,062
981
128,541
*
*
•
•
15,942
10,772
1,612,406
28,187
10,237
6,892
1,742,040
9,461
@FedFRASER