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onuntro*1
HUNT’S
MERCHANTS’
&
REPRESENTING THE
VOL. 24.
MAGAZINE,
w **
INDUSTRIAL
pa p e *»
AND COMMERCIAL INTERESTS
OF THE
SATURDAY, MARCH 24,
CONTENTS.
UNITED STATES.
1877.
NO. 613-
three different times;
$500 on Jan.
30,1873, $4,000 on July 9,1873,
$500 July 18, 1873. Benjamin
Mellinger loaned $250 Janu¬
ary 27,1873, and $274 35
January 15, 1875. At the time of the
loan in each case the bank retained
nine per cent as
discount, and
credited the plaintiffs with the
balance, taking their notes
respectively for the full amount of proceeds and discount. The
notes of Duncan & Brother
j renewed from time to time. were not paid at maturity, but were
The first note, of
$500, of
30, 1873, was renewed till the fall of 1874. It had been January
reduced
by payments to the sum of $150. The note of
July 9, 1873, for
$400, was renewed till October, 1874. The note of
July 18, 1873,
for $500, was renewed till November, 1874. At each renewal
nine per cent interest was
charged, and was paid by the plaintiffs.
These notes were all sued and
279 j
judgment obtained upon them for
the face of the notes or the
principal, before the bringing of
this suit. The
Mellinger notes were renewed; the note of Jan. 27,
18/3, lor $250, from time to time till March,
t
r0ntc e .
1874, when it was paid
in full ; the note of Jan.
15, 1875, for $274 35, was renewed at
The Commercial and Financial
Chronicle is issued on Satur¬ the end of three
months, for two months, and then for one month,
day morning, with the latest news up to midnight
and remained
of Friday.
unpaid until suit was brought upon it. Judgment
was obtaiued
TERMS OF SUBSCRIPTION-PAYABLE IN
upon it for the full amount, and
interest, from
ADVANCE:
For One Year,
maturity till judgment. Interest was charged at each renewal at
(including postage).
$10 20.
For Six Months
nine per cent.
No credit was given on the
6 10.
principal of any pay¬
Annual subscription in London
ment of interest
by way of reducing the principal of either of the
(including postage)
£2 2s.
Six mos.
do
do
noles of
do
THE
CHRONICLE.
The Latest Usury Decision
259
Cotton Fabrics
263
American Securities Abroad
2i0 The Comptroller of the
Currency. 264 1
Visible Supply of Cotton aud Fu¬
Latest Monetary and Commercial
ture Prospects
262
English News
264
a Tax on Commerce... 263 Commercial and
Removing
Miscellaneous
I
Great Britain as an Exporter of
News
267
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
I Quotations of Stocks and
Bonds. 270
Railway Stocks, Gold Market,
| New York Local Securities
271 i
Foreign Exchange, N. Y. City
I Investments, and State, City and
Banks, National Banks, etc
267 I
Corporation Finances
THE COMMERCIAL TIMES.
•
|
Commercial Epitome
276 | Dry Goods
280
Cotton
;
276 , Imports, Receipts and
281
Exports....
Breadstuffs
and
.
•
$ \)
<£ I)
t
1 3s.
Subscriptions will be continued until ordered stopped
by a written order, or
at the publication office. The Publishers
cannot be responsible for
Remittances
unless made by Drafts or Post-Office
Money Orders.
liOudon Office.
The London office of the Chronicle is at
No. 5 Austin
Strett, where subscriptions will be taken at the prices aboveFriars, Old Broad
named.
for the
Mellinger
notes
or
Duncan & Brother.
in
Judgment
was
entered
full, independent of interest. And the note that
Mellinger paid he paid in full, without any reduction or any pay¬
ment made of
retained
was
interest.
left
The nine per cent that had been
paid and
entirely out of the computation.
The points on which the case turned were two.
Advertisements.
Transient advertisements are published at
Firstj
25 cents pei line for each
but when definite orders are
insertion, were the transactions usurious ?
given for five, or more, insertions, a liberal dis¬
This, of course, brought
count is made. No promise of continuous
publication in the best place can be up the
question as to what is the rate of interest which
given; as and advertiserscolumn 69 cents per line, each insertion.
all Financial must have equal opDortuuities. Special Notices in is
ankmg
legal for national banks to charge in Pennsylvania.
WILLIAM B. DANA,
)
WILLIAM B. DANA &
CO., Publishers,
JOHN G. FLOYD, JR. f
79 & 81 William
There was no question as to the
Street, NEW YORK.
legal maximum of
Post Office Box 4,592.
interest for other institutions in
A heat file-cover is furnished at
Pennsylvania; tho rate
50 cents; postage
on the same is 17
is fixed by law at six
cents.
Volumes bound for subscribers at
$1 50.
per cent.
But in that State, as in
For a complete set of the Commercial,
and Financial
Chronicle— the State of New York
July, P’65, to date—or of Hunt’s Merchants’
and
Magazine, 1839
at the office.
to 1871,
inquire
ber
are a num¬
State banks and other financial institutions
chartered by the State, and allowed to
85P" The Business Department of the Chronicle is
represented among
Financial Interests in New York
City by Mr. Fred. W. Jones.
( mum
charge
of ten per cent
Now, it
THE LATEST USURY DECISION.
elsewhere, there
of
was
interest.
decided in the
a
maxi¬
of
Tiffany vs. The
supposed that the usury controversy, so far
Missouri, that section 30 of the
as the courts of the United
States are concerned, has been
prescribing the usury regulations,
“
was permissive’ and not
settled on a trustworthy
restrictive.” Consequently it
foundation. Several cases, how¬
has been held by eminent
ever, have been lately reported which somewhat disturb
legal authorities that as there
are a number of banks of issue in
this belief. The latest which we have
Pennsylvania which
observed, and in
some
respects the most important, was decided March 16 are allowed to charge ten per cent, the national banks
in the District Court of the United States for
must be put on a similar
the West¬
footing, and cannot be denied
the same privilege. Ever since the
ern District of
Pennsylvania. The suits were brought
year 1869, the banks
chartered in Pennsylvania with these
by William Duncan & Brother, and by Benjamin Melextraordinary
linger, against the First National Bank of Mount Pleas¬ privileges, have been doing business side by side with
ant, Pennsylvania, for the penalty incurred under the the national banks, and the custom has grown up among
national bank law for usury. The facts of the case are these institutions of charging special rates of interest
set forth
by the Court in the charge delivered by Judge beyond six per cent, to meet special risks on the part of
the lenders. How
Ketcham, as follows :
Judge Ketcham regards this inter¬
These are cases brought by tlie plaintiffs to recover from the pretation of the national bank usury law, may be seen
defendant the penalty for taking usurious interest under the thir¬ from the
subjoined extract from his charge to the jury:
tieth section of the national bank law of June
Bank of
national bank act,
3, 1864.
By
agreement of counsel, both these cases,William Duncan & Brother
and
Benjamin Mellinger,
are tried by you together.
The plain¬
tiffs, as you have seen in the course of the testimony at different
times, loaned money of the defendants—Duncan & Brother, at J
case
National
It has been
The act of Congress
permits
rate of interest fixed by law in
the national banks to charge the
the State where they are located,
and no more, except when
by lthe aws of any State a different
rate is limited for banks of issue
organized under State laws, the
rate so limited shall be allowed for associations
organized or
w
•'
260
lMar<* 24, 1877.
HIE CHRONICLE.
existing in any such State under tliia title. The legal rate of
Pennsylvania is six per cent. The rate of discount
interest in
allowed to banks oi issue is also six per cent, and no more.
It is
true there are some banks that by special acts of Assembly are
allowed to charge more, but these are exceptions to the genera)
law of the State. (Joegress deals with general rules, and when it
You will find double the amount in each
plaintiffs respectively.
payment.
case
for the
Several
questions are suggested by this decision. First,
we may inquire
whether it is a just or a wise policy to allow
a debtor to run back in this
way over a series of succes¬
the general
excepts banks of issue under the State laws it means
law, applicable to the whole State, and relating to banks
of issue sive transactions, and to sue his bank for usurious interest
during perhaps ten or a dozen years in which he has been
or permitted
by them to take more than six per cent discount. the recipient of continual favors in the loaning of money
The national banking law prohibits a national bank in Pennsyl¬ and has
acquiesced in the terms on which those loans had
vania from taking more.
In case a greater rate of interest lias
been paid, the person by whom it has been paid, or his legal been made.
Why should contracts to pay high rates of
representative, may recover back, in an action in the nature of interest be penal ? In every other description of busi¬
all over the State. The special acts authorizing banks of issue, if
there are any, apply only to the particular bank created by them,
-
an action of debt, twice the amount of the interest thus paid, from
the association taking or receiving the same, provided such action is
commenced within two years from the time the usurious transac¬
tions occurred.
ness
where contracts
loan
or
are
made for the conveyance or
sale of
property, the parties to the contract are
by their agreement, and the law enforces the
If this decision should be sustained, it is easy to see
stipulated terms as they were intended by the contract¬
large number of suits will be commenced in all ing parties. It is worthy of serious consideration whether
parts of the State of Pennsylvania, and much confusion we are not in this country at a stage of commercial
will be the result. The second point on which the case
progress when the universal rule applied to all other
turned was as to the amount of interest which the law contracts between man and man should be
adopted as
contemplated when it prescribed as the penalty of usury the basis ©f ©ur usury legislation. Many complaints are
that the lender should forfeit twice the amount of made as to the
spasmodic and mischievous fluctuation of
interest value received. In this case the plaintiff bor¬ the rates of interest. We are reminded
by the cases
rowed money on several four-months’ notes.
These before us that one fruitful cause of these changes, and of
notes were not paid at maturity.
They were renewed ; the disasters in which they so frequently culminate, is
and when the second note matured it was not paid but due to the medieval and barbarous
usury restrictions by
was againcrenewed.
The process of renewal continued which the financial machinery of the country has been
year after year until at last the lender, tired of wait¬ too long disturbed and made so dangerously
sensitive.
ing, sued the debtor, got judgment, but failed to recover
any money.
On the contrary, the debtor turned round
AMERICAN SECURITIES ABROAD.
upon his benefactor and sued him for usury.
In the
Judging from the comments of the London press, we
case of Duncan & Bro. it was found, on going through
must suppose the London market to have been on the
the whole of the transaction, that between 1873, when
verge of panic with regard to American railroad securi¬
the first money was borrowed, and the autumn of 1874,
ties.
The Economist of February 24 undertakes, in a
when the last note was renewed, interest had been
leading article, to explain what it calls “a great fall” in
charged and paid to the amount of some 630 dollars. them,
although there seem to have been notable excep¬
This was the amount of the interest which had been paid
tions, since its own columns show that between January
by the borrower during the whole course of the trans¬ 6 and that date Central Pacifies rose
1^, Union Pacifies
action, up to the final payment or the entry of judgment.
4^, New York Centrals 1, Pennsylvanias 3, and Balti¬
The Court decided that the sum to be paid by the bank
more & Ohios remained stationary, the decline
being 1
as a penalty for the usurious transactions was double the
in Lehigh Valley, 5 in Reading, and 11 in Illinois Cen¬
amount of interest, or about 1,260 dollars in the case of
tral stock.
Duncan, and 76 dollars in the case of Mellinger. This
Other papers, and especially the London Times, are
important part of the case is discussed by the Court as more
severe;
but, although there is probably some
follows:
exaggeration in the reports, the comments of friendly
From tlic origin of the loan, from the retaining of the first observers like Mr.
Jennings, correspondent of the World
discount through all the renewals up to the time of final pay¬
of the principal, or up to the time of entering judgments, of this city, show that the feeling in London is one of
ment
there is a locus pentVentice lor the party taking the excessive wide
distrust, and is in danger of injuring all interests,
interest.
Any time till then he may consider the excessive in¬
terest unpaid on account of the loan and eo apply it, and lessen by drawing sweeping conclusions.
The immediate occa¬
the principal.
Up to that time he may make this election. sion of this feeling is the break-down of the coal roads,
When payment is actually made, or judgment is entered, the
election is made, and if, as in these cases, judgment is entered both their bonds and stocks being largely held abroad,
for the face amount of the notes or full amount of the loau, or and it is
only fair to admit that the change in the condi¬
payment is taken in full without any reduction by taking out the
tion of those roads in nine months is so great as to be
excessive imerest, the cause of
action is complete.
The
©rigiual loans in these cases were more than two y^ars before necessarily rather disturbing. Extraordinary faith had
these actions were brought, but the payment of one of the Meibeen reposed in them; audit is only natural that the
linger notes was made, and the judgment on the other Mellinger
note and the judgments on all the Duncan & Brother notes were
foreigner, separated by distance, and finding that the
entered, near the time of bringing these suits, less than two years
break was not expected by those who were on the spot,
before.
The payment and the judgment concluded the transac¬
tions, and determined their characters to be usurious. Till that should conclude that when securities reckoned gilt-edged
time it was undetermined, and the statute did not begin to run.
tumble there can be no safe rules of discrimination, and
These actions were brought February 1, 1876.
The M-lliuger
note was paid in March, 1874.
The judgment against Mellinger should, for the moment, incline to put a common label
and those Against Duncan & Brother, were obtained before
of distrust upon all American railroads.
Feb. 1, 1876. So that they are within the statute. The Me linger
note was not paid in money direct but by the proceeds of another
Admitting freely this much, however, because fairly
note, made by another person, and indorsed by Mellinger.
This bound to do
so, there are some considerations to which
was not a renewal, but payment.
It closed out the old note and
commenced another transaction on a different piece of paper, with we may as fairly invite the attention of our English
different parties under different liabilities.
The defendants
treated it as payment, and made the entries in their books friends, who surely do not wish to run a muck against
Accordingly. The amount of interest charged in th^se cases is their own interests. Railroads, like men, must suffer if
computed, and is agreed upon by the counsel of both parties as found in bad company, but they have
not, like men, the
correctly computed. It amounts in the case of Benjamin Meilinohoice of their company, and are especially exposed to
ger to $38 02 ; in the cise of William Duucan & Brother to the
gum of $629 91.
It is the amount of interest retained, and paid
indiscriminating classification. If it seems an aggravat¬
upon each of the notes sued, by defendants up to the entry of
j udgmeat, and upon the note paid by Mellinger to the time of ing circumstance to foreign investors that the fall of the
that
r
bound
a
March 24, lb77.]
e
coal roads
THE CHRONICLE
.
261
unexpected here, that is also an ameliorat¬ ing the comment that the
English investor will do best
ing circumstance, because it shows that their manage¬ to be in no haste,
particularly as the sacrifice certain to
ment commanded faith where it was best
known; its be experienced in a sensitive market is probably as great
integrity has not been questioned here, and the former as can follow upon further
depreciation in time, if any
president of Jersey Central gave the best proof as to such follows. It is
proper to remark that all railroads
his own good faith by
losing his private fortune in the in the United States have been subjected for several
years
road’s securities. For years the confidence in the coal
to very
exceptional influences. There are very few\
roads had been almost
unbounded, and their securities which are in so strong a position as to be raised above
had been reckoned among
the choicest of conservative feeling the effects of the general depreciation
of rail,
investments for
was
estates
and trust
funds;
our
English
friends may, therefore, understand that -whatever dis¬
tress has been occasioned
private holders
road
credit.
been
The volume of business to be done has
reduced below the nominal amount, and in
greatly
abroad, is fully competition for that business the trunk lines have, for
shared here, and that as between the two countries the more than
a
year past, been engaged in a war, the ruin¬
misfortune was equally common and
ous
unexpected.
consequences of which have not rested exclusively
Nor is it just to
speak or feel as if there had been upon themselves. In fact, the railroad
system all over
misrepresentation. It is perfectly true that the collapse the world has been
passing through a period of unprece¬
was caused
by the companies extending their business dented trial, which is shared even
by the older roads in
of
coal-carrying to that of mining and selling coal, and the older country, Great Britain;
surely it is not too
that most of their enormous debt wras incurred in
pur¬ much to ask that foreigners should take this into account
chase of coal lands; but that
policy was not a new and should not apply the normal standard of expectation
thing. It is no more possible for a foreign than for an to their investments under such
circumstances. They
American investor to profess ignorance
of the Lehigh & should not assume that even a depressed stock or bond
Wilkesbarre and the Philadelphia &
Reading Coal is certain to stay down permanently.
companies, for the policy of coal mining and operating,
Yet there are crying evils to be
remedied, and the
and even the coal combination
itself, was carried on for London Times is not far
wrong in saying that “suspicion
years publicly before all the world.
Now that it has extends more or less to
every railway in the Union,
failed, it is easy to condemn it as insane, and natural to sound or unsound.
Inquiry shows their finances to be a
give it attention, but it received little attention and no sealed book.
Something beyond arrays of figures, with¬
condemnation so long as it prospered. Nor is it
out any kind of
quite
guaranty of correctness, is required to
fair to denounce these
companies very bitterly for con¬ allay the anxiety awakened by recent events. State¬
cealing their accounts, for while the policy has long ments of the most sinister character are circulated and
been one of concealment that concealment -was itself
gain credence, because the bondholders have no means
never
concealed; on the contrary, it was a patent fact of knowing whether they are true or false.” This is
that the policy was autocratic, the
managers doing what said of London, and the Times avers that “if the railway
they pleased and reporting as much as they pleased. companies themselves do not cause their
managers and
After accepting ten percent, dividends while
they lasted, agents to put their affairs before their mortgagees and
without pressing inquiry as to the cost at which
they creditors in the clearest light, there will be an end to
were
procured or the -wisdom of the policy pursued, it American railway credit here for many days.” The
Econo¬
is not fair for either stockholders or
bondholders, in mist names as the dangers to be apprehended, misgoverneither country, to turn about and assail the
managers for ment in the South, the Western granger legislation,
a course which was not
objected to while it continued to appreciation of the paper currency, and mismanage¬
be
successful.
ment
The management of these great
taken, but neither corrupt
far
as
is known.
either side of
In the
companies
-was
mis. has
of
the railroads themselves.
been, its
course
is
to
all
Bad
the Atlantic—that the then condition
the past; the granger
its work, and is likely
the
appearances
to
be
intentionally deceitful, so concluded, and hence the evils
error—shared by
everybody, on enced from it by the roads hereafter
nor
as
must
first
nearly
experi¬
come
from
legislation also has nearly done
continue, the managers bought coal lands and
to be abandoned; no great dis¬
kindred properties, at high prices, and were
turbance is to be anticipated from the future of the
caught in
1873 in an “extended” condition, with
everything de¬ currency; hence, all the dangers mentioned except the
pendent upon their business as coal miners and operators, last are
really passed over. As to remedy, there is nothing
that of coal-carn ing
having become comparatively new to be named. The London Times strikes at the
insignificant. The price of coal, however, kept up after root of the evil. Secret
management makes just such
the panic for a time, and it was
supposed that it could disappointments possible as that now
experienced by the
be continued on that high level until business
revived^ owners of the coal roads. The greatest need is for a
but the stoppage of manufacture cut down the
demandj uniform, intelligible, and complete system of accounts,
and not even the combination was able to maintain
and for full and regular
publicity; without this, other
prices, in resistance to the laws of trade; hence all the remedies can effect
little, and this of itself would go far
rest followed, of course.
But had the price of coal to make others
unnecessary. Railroad managers now
remained up, the companies would have stood. It was,
tell only what they please, and
may arrange their forms
of course, the business of the
managers to foresee that to favor any desired
impression; they may do this with¬
the price would not remain
up, but human foresight out any
special blame, because the corporate habit is
sometimes fails.
Their error was in
entering the coal closeness. But nothing can be so conservative as
pub¬
business to such an extent that
everything depended licity, and we are of opinion that had the
managers of
upon it, but every purchaser or holder of their securities the coal roads been in
the habit of
reporting fully, they
has been aware of their course in so
doing.
would have felt the sense of
trusteeship more, and
The tone of the general market here
having been for wTould have been less likely to fall into their fatal error
a
long time bearish, the close connection by the cable of
policy. Nothing short of habitual publicity can
may naturally have fostered a like interest in London, be a
permanent guaranty of stability for corporate prop¬
thus partly accounting for the disturbance aud
suggest¬ erty.
was
to
262
THE
CHRONICLE
bales less than at the
VISIBLE SUPPLY OF COTTON AND FUTURE PROSPECTS,
We
are
in cotton.
one
very sorry any of our readers ever speculate
Our articles are not written to 6erve either
party or the other in such speculation, but simply
facts and figures, which will in the end“ con¬
to present
trol the market.
[ arch 24, 1 77
To the
ent there are afloat
time last
same
at pres¬
year;
from India
nearly 60,000 bales more
This would change the
visible supply 80,000 bales, and yet in future weeks the
anticipated deficiency, if it exists, must show\ itself. So,
too, with regard to Egypt—all the authorities give a
decreased crop for the year of about 60,000 bales, and
yet, up to the first of March, the movement from Egypt
for the two years was just about the same.
Hence, we
find that in the supply thus far the estimated deficiencies
have not developed; on the contrary, there has been an
excess in the shipments from India.
But, unless all the
information is at fault with regard to each of these pro¬
ducing countries, these deficiencies must develop in the
than the
same
time last year.
legitimate buyer they are, if
correct, especially useful; but if one speculates he must
not only look to these final results, but must take into
the account all intermediate disturbing influences which
may cause fluctuations greater than he can bear or than
his margin will support. We have endeavored this season,
from time to time, to indicate that with an undisturbed
demand the supply up to October 1 was likely to be
considerably less than the consumption. If this proves
future.
correct, it must finally have a controlling influence; but
2. Then, again, we based our argument in
until its truth is developed or established, other and
part on in¬
minor circumstances may make wide variances in figures creased takings by European spinners,
The rumors of
and fluctuations in prices; and yet these circumstances war and the raising of crop estimates in the United
States have, however, on the contrary, made spinners,
determine nothing.
Still, as the following letter
for the time being, less eager than usual in their
pur¬
represents a class of writers from whom we hear
chases, so that for the first two months of the year
frequently, and whose fears sometimes Lave a temporary
influence on the market, we give it with a few words of they have actually taken less than last year, as may be
seen from the
comment:
following table made up from Ellison’s
Charleston-, S. C., March 19, 1377.
March circular
Messrs. TV. B. Dana <£ Vo., New York:
Gentlemen—In
.
January last,
compared with last
tables of visible supply showed a
year, of 170,0.0 bal.-s. A week or two later
you figured, very satisfactorily to me, that the deficiency of cotton in Europe
at the end of September was likely to be
875,000 bales. In your 10;h March
Kumber, the 170 COO bales sh rt in January had disappeared, and a surplus of
nearly 60,0)0 bales with it. Will you pirmita perplexed and disappointed,
though trusting, reader to inquire how long it will take, at this rate, to realize
the results indicated in your 3d February ariic’e?
deficitnev,
a*
Very reaped fully,
W
.
This letter appears to have for its
basis—first, an
error; and next, a misconception.
The error is in saying that the actual visible
showed 170,000 bales
Fr
your
supply
deficiency in
Stock,
Jan. 1.
>m
Jan. 1
M’ch 1, ’77
to
Exports Imports
Imports
Actual.
Total
Stock,
M’ch 2.
Net.
Spinn’rs’
takings
to M’ch 2
GR’T BRITAIN:
American
273,919
73,099
105,100
Egyptian
Smyrna, &c
West Iudian, &c
...
East Indian
Total G't
Britain,’77.
Same time lb~6
718,‘'50
89,780
122,170
80
Brazilian
520
14,520
121,300
13,540
55,750
588,00)
673,071
1,000,410
910,900
11,910
590
1,170
,
,
t
,
2,670
50,750
67.090
86,760
706,740
89,190
121,000
603,850
93,910
160,060
376,790
68,370
66,040
520
60
540
10,870
5,0)0
17,810
63,970
7,580
62,330
933,320
824,140
939,670
921,580
581,650
575,630
Spinn’rs1
Stock,
Total
Imports Imports
week of January.
Stock,
takings
Jan. 1.
indirect. imports. M’ch 2 to M’ch 2
direct.
CONTINENT:
Through a blunder in a cable dispatch, such a balance American
206,890
242,067
11,910
253.977 .269,001
191,866
was given in
our table of January 13; but in the next Brazilian
590
16,480
3,950
4.540
16,745
4,275
week’s table' (January 20) a foot-note will be found Egyptian
7,000
23,532
1,170
2 ‘,752
27,099
9,653
15,490
33,425
33,-425
21,75;
27,161
explaining the error, and stating that the deficiency Smyrna, &c
West Indian
10,830
5,190
2,670
7,860
9,313
9,377
thus given should have been 72,000 bales less.
East Indian
66,320
55,131
50,750
105,881
52,033
120,118
The misconception we refer to is a
prevailing one in. Total Continent,1877 323,010 368,345 67,090 435,435 378,549 379,896
Same time, 1876.
374,919
some quarters, and consists in the belief that the
499,811
86,761
586,572 483,176
478,315
only
Total Europe, 1877..
element in the cotton problem is the
911,01(
961,546
1,368,755 1,318,219
present visible Total Europe, 1876.. 1,047,991
1,410 715 1.494,756 1.053,945
supply. Hence, a partial observer, without examining
into the reasons for changes in the visible
supply from
By the above, we find that spinners took in 1876, for
excess to
deficiency, and vice versa, concludes at once on the two months, 1,053,945 bales, against
961,546 bales
discovering such changes that they embrace every fact. for the same two months in 1877, or a decrease this year
Let us look, then, a little
deeper for one moment, in the takings of 92,399 bales. This does not mean that
and see why, or how, since
January 1st, the visible they consumed less than last year, or less than has been
supply has from a decrease become an increase, compared estimated they would consume this
year ; but simply
with last year.
that they have run in part on their stocks
during those
1. And first we must remember that our
argument in two months, and as a result (other things
being equal),
the article of February 3 wTas based
upon the supposed the visible supply should show a
temporary increase of
fact that the supply this year was short in
America, 92,399 bales. That, however, these spinners must take
India and Egypt. We put the American
crop at 4,500,- just so much more in the future, is
evident, unless both
000 bales, being
a deficiency of 169,000 bales.
Up to the past and future consumption have been over-stated,
this time, however, the movement is about the same for of
which at present there
appears no evidence, except
the two years, so the
deficiency must be developed, if at the short time movement in Russia and statements of
all, in the remaining weeks. We still think the pros¬ slow trade in
Germany and Switzerland.
pects are that the crop will not be in excess of four and
We conclude then—for we have not the
space to
a half million
bales; and, if this proves so, the deficiency enlarge upon any of these points at this
time—first, that
we
anticipated will be realized. Then, we also gave the the fact that the visible supply has
changed since the
India supply at 200,000 bales decrease. This estimate first of
January, from a decrease to a present increase,
was not ours, but was tbe estimate of all the
Bombav is fully accounted for by the smaller
takings of European
and Liverpool authorities at that time.
Instead, how¬ spinners, and by the increased shipments from India;
ever, of a decrease up to the present Sate, there has and
second, that this change is but temporary and does
been an increase in the India movement. On the first not furnish
any argument against the correctness of ourof January, 1877, there were afloat from India
20,000 conclusions of February 3d.
any
•
•
-
.
v
March 24
1877 J
THE
CHRONICLE
REMOVING A TAX ON COMMERCE.
A decision of considerable
interest and
was
rendered
by the United
States
useful to
importance
Southern District of New
York, Judge Swayne deliver¬
ing the opinion. The appellee, Tinker, is an official
located in this city, known as
Captain of the Port, and
a
State statute had levied
a
tax of
1^ cents per
the tonnage of the company’s ships. The
Federal Constitution forbids
any State to impose a duty
on
tonnage without consent of Congress, and the sole
question in this instance was, therefore, whether the tax
so levied was a
tonnage duty. But it was not exacted
as
compensation for any service rendered, as is shown
by
the fact that it was
imposed indifferently whether the
vessel loaded or not, or remained
any time in pert or
not;"it was irrespective of the value of the
vessel; it
was
discriminative, applying different rates to different
classes of vessels, and to some none at
all; the Court
therefore pronounce the case as clear a case of
tonnage
duties as could be imagined,
and say that its character
as such would not be clearer had
the law been passed
by
Congress instead of by the Legislature, and the charge
imposed been expressly designated as a tonnage
duty.
Vessels visiting the ports of a State
may be subjected
ton
anybody except themselves.
needs to be
Supreme Court last ing of its burdens.
week, m the case of the Inman Steamship
Company
against Tinker, on appeal from the Circuit Court for the
under
merce
upon
263
At
least,
com¬
encouraged by every possible lighten¬
GREAT BRITAIN AS AN EXPORTER OP COTTON
FABRICS.
[communicated.]
Liverpool, March 7, 1877.
In your very
interesting editorial of 24th February,
headed “ Exporting Cotton
Fabrics,” you discuss the
subject under various aspects—currency, navigation laws,
&c. On these latter points I would offer no
comment;
but in what you say as to price of
cotton, cost of run¬
ning mills, <fce., I should be glad to make some observa¬
tions.
The writer of that article first
must be cheaper to a New
assumes
that cotton
England mill than to a Lan¬
mill; next, that water-power in New England
be cheaper than steam in Lancashire.
Then he
cashire
must
that American cloth is suitable to all
the great
markets to which Great Britain
assumes
exports, and in
enormous
quantities, and laments why New England does not do
the business.
Now sir, the writer of that article
may be
right on the first two points, although a careful exami¬
nation of the position has led me to a
directly contrary
opinion. But any way, he is scarcely entitled to take it
for granted as the basis of an
argument. I think him in
error in his third
proposition, and I disagree with him'in
to reasonable and
proper port charges, not repugnant
thinking New England would do the great export trade
to the Federal
Constitution, the commerce clauses of in cotton goods under
any circumstances at all likely to
which give to
Congress the entire control over both arise.
foreign and inter-State commerce. -The decision, there¬
When I was in New
England, some five years ago, I
fore, is that the State law is contrary to the Federal found it cost
about twice as much to build a
mill, per
Constitution, and the ship-owners are naturally gratified
spindle, as at home; and further, interest was reckoned at
at
escaping the burden imposed by it.
a much
higher rate. A spinning mill costing £100,000
There have been twelve harbor-masters
here, one of here would cost anyway $1,000,000 in New
whom bears the title above-mentioned.
England.
Their fees are Interest at 8 to 10
per cent on a $1,000,000, against 5 per
currently reported to have been at the rate of six or cent on
£100,000, makes a large difference in running
seven thousand
dollars a year for
each, besides eight expenses against
,
thousand dollars for office
expenses, and it is not at all
incredible that by methods best known to
themselves
and those who deal with them
officially, they have real¬
ized more than this income.
Whatever
received has been
they have
much tribute levied
upon a com¬
too much reduced and too heavily
so
your mills.
I know that interest is now easier with
you, and Rome
of y#ur mills have
changed hands at prices far below
what
they could be built for, but when
great extension of your trade, Ave must
any
on the bask of cost of the
new
milk such
discuss
consider it
we
trade would
already far
require.
burdened. Are they
necessary officials, and have they
Next, I found that a mill had to undertake various
done any good ? The satisfaction shown
by the ship¬ incidental manufacture? connected with its
principal
ping interest in getting rid of the tonnage exaction
It required to spin wool as well as
may manufacture.
be taken, not
cotton;
unreasonably, as an evidence that that it required bleach works and
dye works, &c., some of
interest does not appreciate their usefulness. If
they are which were almost always standing idle as changes of
useful either to the
city or to the State, it is well enough fashion occurred. It
required, therefore, a plant and
to let either the
city or the State support them directly, amount of
capital invested very greatly larger than any
and as the decision
deprives them of their income it English mill would need. Nor did
I find that these
destroys their official existence also, unless some other numerous
auxiliary processes were performed as cheaply
provision for them is made. Possibly, if not
probably, as at home.. Plainly, all the saving possible was the
their office is one of the too numerous
political ones, profit of the bleacher, dyer, &c., had the mill sent
its
quietly filled, occupied and enjoyed at'the expense of
yarn or goods to be bleached by an
a
independent concern.
single interest, and the abolition of their source of Here a bleacher works for
a
very small rate of profit,
revenue will
bring the question of their usefulness to the and as he works for
perhaps twenty mills, some of which
test.
Just as a decaying ship has the
most barnacles, it are
busy A\rhile others are slack, he never wastes money
is probable that the
comparatively slender commerce of by standing still, and makes more
economy by giving
this city, her wretched piers and
wharves, and her lack his Avhole attention to that branch of business than his
of terminal facilities for
handling freight, are conjoined profit amounts to.
Plainly, then, your mills have, to say
with the presence of an unusual number
of useless and the
least, no advantage over ours, either by
comfortable officials, with whom the w’eather is
combining
always many processes or by being built at greater cost.
pleasant except when storms of investigation threaten.
I found further that
water-power was usually supplied
As between the
city and State, the latter persisting in by independent
companies, who built costly canals, at a
governing the former, it follows in equity that the State high price for
labor to make them, and at a high
should bear some of the burdens of
price
mismanagement, and of money invested, and that these companies expected
it might assume the
harbor-masters now, if they are to
pay and did pay large dividends. The result was
merce
THE
264
[March 24, n77.
CHRONi X.K.
•
good round sum for their chief officer of the National Bank Bureau, and his
services during the last ten or twelve years have been
water-power. In Lancashire, coal is very cheap; many
mills burn slack and small coal, and pay 4s. to Gs. per so conspicuous, that his reappointment has long been
ton for it at the mill.
They work it with many econo¬ regarded as certain. We are glad to know that the
mizing methods, and end by running as cheaply, at least, plans devised by Mr. Knox for collecting in a more
authentic and useful form the statistics of our banking
as the majority of
your water-power mills. Besides,
steam-power is independent, while water-power is at the system, including the State banks, the private bankers,
mercy of droughts and freshets.
Your labor I found and the savings institutions, are making satisfactory
dearer than ours. So far I had found nothing in your progress.
favor, but expected to find it in price of cotton. To my
Ccttest fnonetart) antr Aommerual SuglUl) 3feto*
surprise, I did not.
I found that New England is so distant from, say
RATES OF GVCII1NGB Iff LONDON AND ON LONDON
freight charges from Charleston to
Charleston, that
AT LATEST DATES.
New England were very little less than freight charges
EXCHANGE AT LONDON—
EXCHANGE ON LONDON.
from Charleston to Liverpool.
MARCH 3.
I found also, what most
buyers of cotton know to their cost, that, as a rule,
season in and out, cotton cannot be bought at Charles¬
12.05
short.
short.
ton to pay out cost in Liverpool on the day of purchase. Amsterdam...
12.0# @12.1#
25.16
3 months. 25.32# @25.37 Y%
Antwerp
20.37
The price of arrivals in the Liverpool market is almost Hamburg
20.59 @20.63
25.14
short.
25.10 @25.20
Paris
3 months. 25.27# @25.32#
always below the parity at which cotton can be bought Paris
12.83
3
12.57# @12.62#
Vienna
20.15
in your ports on the same day. I know further, that Berlin
20.59 @20.64
20.46
20.53 @20.64
Frankfort
when New England is buying cotton in the South she 1 St. Petersburg
29 11-16
Feb. 27.
29 @29#
Cadiz
48# @48#
will pay more than exporters can afford to pay and Lisbon
52 @52#
90 days.
27.60 @27.65
3
Milan
3
27.24
27.66 @27.65
generally put them out of the market until she has sup¬ Genoa
27.60 @27.65
Naples
48
3
Feb. 28.
plied herself. Liverpool is a great target at which cotton Madrid
47 @47#
Mar. 2. 60 days.
4.88#
New York
is directed from every cotton-growing country; the stock Rio de Janeiro
Jan.
8. 90 days.
24#
there is the largest held in any market, and, as a rule, Bahia
Buenos Ayres..
Jan.16. 90 days.
44#@45
Valparaiso.....
prices are lowest where the largest stock is.
Pernambuco
The enormous losses of European merchants, in the ilcfhtevideo...
6
18. 9 13-16i.
Feb. 28.
Is. 9 11-16'/.
30 days.
Bombay
Is. 9 13-16@9%d.
Feb. 26.
1.9. 9 11-16d.
last few years, who have been engaged in importing Calcutta
Feb. 25.
4s. 1#'/.@4s,2f/.
Hong Kong...
5s. 8d. per tael.
5$. 6#r/.@56\7c/.! Feb. 25.
cotton is the best comment upon the statement that Shanghai
4s. 1 V/.@4*\2d.'
Singapore..
1 Feb. 21.
3
96#
Alexandria....
your mills can buy cheaper than Lancashire mills.
A cloth made of American cotton only is a class of
LFrora our own correspondent.]
superior cloth, of which the sale is and will always be
London, Saturday, March 10, 1877.
limited.
It is like the sale of special brands of fine
The revenue payments are on a fairly extensive scale, and the
wine—there is a sale, but it can never be the sale of the Treasury balance lias been augmented during the present week
great consumption of the world. The Indian ryot is so to the extent of about £1,000,000, but the total of “public
poor that the price of his scanty cotton garment is of deposits” at the Bank of England does not exceed £8,295,675,
the greatest moment to him. Lancashire receives cotton against £10,506,843 last year. The falling off is evidently due to
the slackness of trade.
These payments, however, have served
from all countries; she can mix American and Surat,
to diminish the supply of floating capital, and the rates of dis¬
Brazil, or West Indian, so as to give the requisite counts are, consequently, firm at If per cent, for three months’
amount of quality and strength for the minimum of bills; but any important upward movement in the value of
This is an advantage which will always enable her money is checked by the great scarcity of bills, both of a com¬
cost.
The complaints respecting a
to sell to the great mass of consumers, and with which mercial and financial character.
cloth made'from American cotton only never can compete. paucity of business in the discount market are in fact increasing,
and it is perceived that as the dividends on the public funds will
In cost of building, rate of interest, large extra plant be distributed in the
early part of April next, the present
required for auxiliary processes, price of labor and price diminished supply of floating capital will not endure much
of cotton, your mills run at a disadvantage, according to longer. At the present time, the only reason for believing in
my observations.
Water-power in New England versus any improvement in the value of money is the probability of a
revival of the German demand for gold for coinage purposes.
steam in Lancashire is a mooted point, with very little
Failing this, there is nothing to alter the present aspect of
advantage or disadvantage to either side.
affairs, as trade is quieter, the slight improvement noticeable a
tliat the mills had to pay a
LATEST
RATE.
TIMS.
ON—
DATE.
TIME.
RATE.
....
it
•
•
•
•
•
It
•
•
•
V
•
•
•
«
•
•
•
r
it
....
.
.
.
mos.
44
....
44
44
....
....
tt
it
U
....
mod.
„•«.
....
it
,
,
,
44
.
(4
•
•
•
•
.
•
mos.
#
•
•
•
•
mos.
....
....
•
•
•
<
..
mos.
*•
fct
tt
tt
4 4
it
....
..
•
....
mos.
Want of demand in
large quantities for the class of short time since having almost entirely, if not quite, disap¬
mills make, would probably prevent any very peared. The perplexing state of the Eastern question checks fresh
large extension of business, even if, as you very shrewdly enterprise in nearly every direction, and there is a strong desire
evinced not only to control business, but to reduce credits, and to
say, protection and navigation laws had not afforded
call in
cloth your
additional obstacles.
Wm. W. Biggs.
THE COMPTROLLER OF THE CtRREXCY.
The
lion.
John
There is, however, a large supply
goods in the country, so that when political diffi¬
culties cease to produce anxiety, and when business revives in
consequence of the removal of those difficulties, there will be
every facility afforded for meeting the, requirements of all our
customers; but the delay in the arrival of that period of ac¬
tivity is by no means profitable. The quotations for money am
outstanding debts.
manufactured
Jay Knox has been reappointed
Comptroller of the Currency. The Secretary of the
as follows:
r
Treasury sent the appointment to the President with
Per cent. 1 Open-market ratos:
Percent.
2
7
|
4 months’bank bills
1#@2
out solicitation, either on the part of Mr. Knox or of the Bank rate
Open-market rates:
( 6 months’bank bills
2 #@2#
banks. Senator Windom, of Minnesota, Chairman of the
30 and 60days’ bills
1# j 4 and 6 months’ trade bills. 2#@3
3 months’bills
1#@1# 1
Committee of Appropriations, moved its confirmation
Owing to the diminished supply of floating capital and to a
without reference. The motion was seconded by Senator
probability that the value of money will shortly improve, the
Morrill, of Vermont, Chairman of the Finance Com¬ banks and discount houses are competing somewhat more eagerly
mittee, and it was at once unanimously adopted. Mr for deposits, and the rates of interest have been slightly aug¬
Knox has been so long and so favorably known as the mented, being as follows;
*
f
March
24, 1877.]
THE
CHRONICLE
Per cent.
Joint-stock banks
1
......
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
IV
Bar Gold
B ir Gold, refinable
showing the present position of the Bank
discount, the price of Consols,
quotation for English wheat, the price of
Middling
Mule
twist, fair second quality,
House return, compared with the
1374.
Circulation, including
£
£
bank post bills
25,183,909 25,524,836
Public deposits
15,914,163
9,096,405
Other deposits
19,216,613 17,160,524
coin
and
bullion
both
departments.... 24,778,223
Bank-rate
3# P- c.
Consols
92%
English wheat
55s. fid
Mid. Upland cotton
No.40s, mule twist fair
9 ll-16d.
2d
quality
Clearing House
Is. 3d.
return
26,705.486
27.619,852
13.058,059
8,295,675
18.308,886
22,255,162
13,353,215
21,429,203
15,988,176
19,019,118
10,552,318
12,153,292
!4,086,405
23,071,484 20,903.273
3% p. c. 3# p. C.
92#
93#
23,542,637
26,434,255
61s. 6d.
7 15-16d.
40s. Id.
7 15-16d.
la.
96,327,000
1877.
£
10.566.843
15,031,213
in
1876.
£
■
25,710,011
8,130,174
18,580.283
13,846,521 13,668,857
18,085,410 21,143,578
Government securities. 13,360,633
Other securities
24,395,03S
Reserve of notes and
Coin
1875.
£
Is. Od.
0#d.
98.292,000 107,696.000
4 p. c.
2
94#
p. c
96% d.
43s Od.
6 l-lod.
50s. lid.
6%d.
lid.
10# d.
92,636.000 105,928,090
Now that the money
market shows some indications of improve¬
ment, the following figures relating to the bullion movements at
the Bank of England, the state of the reserve and the extent of
the loans and discounts made
by the establishment since the
rate was reduced to 2
together with the open market
quotations for money, will prove of interest. It will be seen
that the supply of bullion has decreased from
£35,017,529, on
September 20, to £23,921,427 on February 28, and tlie reserve of
notes and coin from £22,240,069 to
£14,704,822. The supply of
bullion, however, when tbe Bank rate was reduced to 2 per cent,
amounted to £25.848,310, and the reserve to
£13,391,740. It will
be perceived, therefore,
that, as regards tlie bullion and reserve,
tbe Bank’s position is
stronger now than it was then. The
position of the Bank was strongest on September 20, at which
date tbe proportion of reserve to liabilities was at tbe
remarkably
high point of 6311 per cent.
According to the last return, the
proportion was 46 66 per cenf, against nearly 48 per cent, when
per cent,
the official minimum was reduced from 3 to 2
per cent.
The
total of “ other securities” is now
£19,071,302, against £17,688,330*
when tbe last alteration in tlie Bank rate was
made; but that
increase is not due to any
materially
improved demand for money,
granted for tie payment of taxes. The Bank rate
was reduced from 3 to 2
per cent on April 20, and has conse¬
quently been at tbe latter figure nearly eleven months :
Week
ending
April 19..
■
cc
£6, .‘58,607
£6,377/61
17,974,474
17,223,912
16,960,616
3
10
17
24
31
26,327.853
25,848,310
26,565.349
27, (>95,2,2
of reserve
to
market
£
£
17,688 830
17,69s,624
liabilities.
discount
1?,39’,740
13,500,027
13,157,471
13,364,018
13,662,419
14.712,432
17,077.554
17.484.551
27,600,672
14,816.202
14...... 17,00J,986
21
16,901,' 02
27/47,181
28,4ffl,0£0
14,867,171
16.292,406
17,474,443
17,2)8,157
16.781,842
17,704,438
June
7
28
July
Aug.
Sept.
•
4
Oct.
17,122,862
17,400,313
17,493,334
5
12
19
26
2
9
16
23.
30
6
13
20
27
17,"17,418
17,011,493
16,896,302
16,181,>55
....
33,.802.173
34,i 05,9'6
33,891,732
34.844,697
35,017/29
34,>27,641
34.816,417
34,095,522
3\ 857,501
16,502.0)1
22...... 16.542,507
£9
16,752,031
6
13
17 102.5-6
17,017,2.-6
17,083.627
21
Feb.
33,553,181
£3.70 ),$20
16,0 0.461
15,905,7-0
16,018,78 i
16,107,468
16,1 2 097
16,689,9 75
16.5.38,315
4
3
10
17
24..
31
7*.
14
21
28
30,976,481
32,293,916
8 ‘,l 37,920
16 023,575
16,015.0 5
27...
Jan.
29,95)9,412
30,190,692
15,8*4,353
16,401,182
11
18
25
Nov. 1
8
15
Dec.
15.967,890
15.945,1:0
29,48 .613
.
..
..
17,518,852
19,582,320
17,516,675
37,676,103
17,762.841
17.732,917
17,7 7,156
17,818,123
17,576,949
19,071,302
34,167,242
18,934,701
19,723,266
19,621.201
19,87o,523
21,018,406
20,672,917
20,621,351
20,987,251
21 967/97
22
33,191.869
246,069
21,651,251
20.5> 6,672
19,993,772
19,396,451
19,654.789
83,001,541
19,218 685
31,70 .8. 7
30,907, Oi
30,456,796
29,156,1^9
2:1,400)215
29,906,' 90
28,716.533
2>,365,434
28,214,165
27,997.732
27,355,214
27,2 ;0.028
26.650.211
26,376,903
26.438.259
26 758,304
£6,921,427
Open
Reserve.
Bullion.
17,813,2121
—
26
May
£
Proport’n
1 <,200,927
17,870,258
17,653/91
16 902,034
16,787,200
16,809,930
16,315,553
15,467,179
14,591,390
14,694,912
14,317.794
14,591.076
11,051,356
13,552,473
13,996.824
14,581,064
14,701,822
47#
48 66
41-25
47 37
49-22
51-54
51*39
50-07
53-84
55 73
55 TO
52-08
54-00
56-55
57"c8
57 18
r.8‘83
60 * 2
60-rO
60-93
60-97
62 80
63-11
62 75
60-57
54*51
54-36
55 53
54 52
54-45
5/00
5163
5314
5225
52-41
51-40
49-34
4491
44 34
44 23
45-88
46 39
46 80
4660
48-14
46-66
1#@%
1#@#
1#
1#
1%
1#©#
1#@#
1#@#
1#
1#
1#
ix
#@1
i
X
Spanish Doubloons
Bar Silver, Fine
Bar silver,
con’ng 5 grs. Gold
Mexican Dollars
Spanish Dollar s(Caroius)
Five Franc Pieces
peroz.
per oz.
X
X
#@1
1©1#
1#@1#
1#@1#
1#@1#
1#
3#@1#
1#©%
1#@#
1#@%
1#©#
1#
1#@#
1#@#
lh@#
1%©#
I#@#
1#@%
l#@x
moderate demand for gold for
export, all
in addition to about £500,000 withdrawn from the
a
on account
d.
9%9,77 10
77 11##
76 3 ©76 9
74 0 @
....
....
76
0
76
3#@
@
....
a.
standard, buvers.
per oz., standard.
d.
8.
77
silver.
per oz.,
a.
©
©
.
.
peroz.
per oz.
'.
.peroz.
Discount, 3 per cent.
©
.
©
©
.....
Quick-diver, £7 I5s.@£8.
On tlie Stock
Exchange business lias continued to be kept in
check by tbe still unsettled state of Eastern
politics, and, in the
absence of active operations,
prices have in some instaDcea
slightly declined. United States Government securities have
been
firmer, owiDg to the disputed question of tbe
Presidency
having been settled, and United States railroad bonds, which were
depressed in tbe early part of the week, have of late experienced
a decided
recovery. Nearly all South American securities have
been dull, but the variations in other
respects have not been im¬
portant. Consols have been very firm.
The following are the
closing prices of consols and tbe principal American securities at
to-day’s market, compared with those^>f Saturday last:
Redm.
Consols
United States
188!
Do
5-208
1885
Do
5-20
1885
U. S. 1867,#371,346,350 iss. to Feb.
27,’69, 6s... .1887
Do funded, 5s....
1881
Do 10-40, 5a
...1904
Do funded. 4#s, issued at 103#; present
issue,
$73,850,600,
s
March 3.
1888
1900
..1889
•4,
.
*
1865
96#© 96#
HO ©m
105#©; 06#
1C6
106
©10.3
©107
©108
166
109%@lll
107# ©108
U/8 ©109
109*/,©110
104
35
35
1875
Do
5s
Do
So
Do
58
Do
5s
Do
5s
Do
5s
Do
5s
nia stock 5s
Do
6s
Do
New funded 6s...,
March 10.
9696#
1<9.K@110#
-rip
Louisiana Levee, 6s
Do
6s
Massachusetts 5s
104
35
35
105
107#@108#
1C3
©F4#
© 45
© 45
105
105
104
104
104
104
104
©167
@07
@106
©106
@106
©106
@106
104 @106
80 @ 35
80 © 35
65 © 67
©109
©104#
© 45
© 45
©107
©107
©106
@106
©106
©106
105
104
14
104
104
104
104
30
©106
©106
© 35
© 35
© 68
30
66
AMERICAN DOLLAR BONDS AND SHARES.
Albany & Sucquehanoa
cons. mort. 7s, Nos.501
.1506
99
20
8
4
20
8
4
28
.1902
Do
D«
Do
Do
Do
.1902
.1902
1st mort. Trustees’
2d
do
do
3d
do
do
i.
^
,
•
•
*
•
.1905
do
do
.1911
(Ti
90
.1911
.1899
1896
.1892
,1890
.1875
Land
Do
Erie $100 shares...
Do preference, 7s
Do convertible gold bonds. 7b
Do reconstruction trustees’ certificates, 7s
Galveston & Harrisburg, 1st mortgage, 6s
Illinois Central, $100 shares
Lehigh Valiev, consolidated mortgage, 6s
Marietta & Cincinnati Railway, 7s
Missouri Kansas & Texas, 1st mort., guar,
89
55
103
93
82
30
30
4
28
28
90
© 91
© 57
22
10
5
32
32
92
@
@i104
© 95
@ 93
@ 40
© 40
89
53
103
92
91
cO
30
7#©
91
@ 52
© 93
99
©101
9J
© 56
—©
54
© 71
54
112
91
26
25
100
91
10
1910
1892
1874
Atlantic & Gt. W. Re-organization 7s
Atlantic & Gt.W., leased lines rental trust, 7s.1902
1873. 7s.1903
...1876
by Erie R’y.
1895
1902
1910
1902
1909
Chicago & Alton sterling consol, mort., 6s.
1903
Chicago & Paducah 1st mort. gold bonds, 7s...1902
Cleveland, Columbus. Cin. & Ind. con. mort...1913
Rastern Railway of Massachusetts, 6s
1906
Erie convertible bonds, 6s
1875
....
Do. 1st cons, mort., 7s
1920
Do. with reconstruction trustees’ certificates of 6
coupons
Do. 24 consol, mort, 7s
1894
Do. reconstruction trustees’
certificates, 7s.—
Gilman Clinton & Springfield 1st
M., gold, 7s. ..1900
Illinois & St. Louis
Bridge 1st mort., 7s
1900
Do.
do.
2d mort., 7s
Illinois Central,
.
..
sinking fund, 5s
,,......1903
18s5
1905
@113
©93
© 28
©2?
© 42
@103
© 93
©12
100 ©102
99#@100#
AMERICAN STERLING BONDS
Do
do.
do.
Do.
do.
Western exten., 88
Do.
do.
do. 7s, guar,
Baltimoie & Ohio, 6s..
Do
6s
Do.
6s
Burl. C. R. & Minn., 7s
Cairo & Vincennes, 7s
7#
19
17
37
1891
Atlantic & Gt. Western consol, mort., Bischoff.
94
93
40
40
©
@
©
©
1923
1889
1898
(a), 7s.
©104
72
50
41
Allegheny Valley, guar, by Penn. R’y Co
© 91
© 55
191.1
1904
.......1880
fund mort. 6s
1805
Union Pacific Railway, 1st mortgage, 6’s
6s
5s
5
©
@
©
@
©
©
©
©
37
@
72 ©
50 @
92 ©
1904
1903
Union Pacific Land Grant 1st mort., 7s
Do.
Do.
© 10
20
8
gold
1st mort., 6s
con3ol. sinii’g
@100
© 22
4
7#© 8#
17 © 19
37 © 39
87 © 39
New York Boston & Montreal, 7s
New York Central & Hudson River
mortg. bonds.7
New York Central $100 shares
Oregon & California, 1st mort., 7s
1890
do
Frankfort * ommit’e Receipts, x coup.
certs,
98
20
8
u
Central of New Jersey, cons. mort.. 7s.
Do.
Do.
©101
© 22
© 10
© 5
© 22
@ 10
@ 5
@ 32
@ 32
© 92
28
Baltimore & Potomac
Do
..
.
Philadelphia & Reading $50 shares
Pittsburg Fort Wayne & Chicago equipment
bonds (guar. by-Pennsylvania R. R.
Co.), 8s
X
oz.
peroz.
#@i
Rates of interest for deposits raised
by discount bouses and joint-stock
banks to 1 per cent.
importations,
Bank, having been absorbed by the purchases effected
nommul, per
...
.
South American Doubloons......
United States Gold Coin :
German Gold Coin
Pennsylvania, $50 shares
#@#
follows:
g.
xm
xm
xm
xm
weaker, and the
per oz. standard.
per oz. standard.
bonds, English, 7s
1
are
are as
GOLD.
rate of
*
There lias been
exchanges
The prices of bullion
*
but to loans
Olhcr
securities.
Tbe Indian
silver market is dull.
of England, the Bank rate of
Upland cotton, of No. 40’s
and the Bankers’ Clearing
previous four years:
of tbe German Mint.
1
I V
Annexed is astatement
the average
265
10(j#@101#
92
© 94
....@
....©
© 45
© 22
© 38
@ 40
@107
@107
103 @109
...
••
40
18
33
35
106
106
74
52
94
@101
© 56
....©
@114
@ 95
© 28
25 © 27
43 © 44
100 @103
93 © 95
12 © 11
...
113
93
26
109
100
101
@102
@101
@102
90
© 9S
©
....©
49 @ 45
18 @ 22
33 @ 38
35 @ 40
167 @108
107 ©108
109% @110#
©
28 © 32
104 @106
62 © 67
88 © 90
...
....
....
....
_
23
1< 4
62
83
72
80
80
@32
@ 106
@ 67
@ 90
@77
@82
@ 82
80
33
@82
'»q
39
39
40
28 @40
46 @55
94 @ '..6
53 @58
90 @92
101 @103
88 © 90
72
79
79
79
38
38
45
96
53
90
101
83
© 77
@ 81
© 81
@ 81
© 40
@ 40
@
©
©
@
55
98
62
92
©103
© SO
266
THE
CHRONICLE
[March 24, 1877.
—
———————y—
Redra.
Ill. Mo. A Texas 1st mort., 7s
March 3.
•
•
•
•
©
March 10.
•
....
Lehigh Valley consol, mort., 6#, “A”
96 @ 98
Louisville A Nashville, 6a
..1902
1902
88 @ 90
Memphis A Ohio 1st mort. 7s
1901
*
98 @100
Milwaukee A St. Paul. 1st mort 7s
.1902
87 © 89
New York A Canada R’way, guar, by the Dela¬
laware A Hudson Cana), 6s
..1904
1904
91 ® 93
N. Y. Centra! A Hudson River mort. bds., 6s..1903
108%@llJ9%
Northern Central Railway consol, mort., 6s
79 @ 61
1904
Panama general mortgage, 7s...
1897 104 ©1C6
Paris A Decatur
1892
40 © 45
Pennsylvania general mort. 6s
1910 104 @105
Do.
consol, sink’g fund mort. 6s... .1905
94 © 95
Perkiomen con. mort. (June ’73) guar,
by Phil.
& Reading, 6s
1913
50
Phil. A Erie 1st mort. (guar, by Penn.RR.) 6s.. 1881 100 @ 55
@102
Do.
with option to be paid in Phil.,
100 (a 102
6s
Phil. & Erie gen. mort.(guar.
85 @ 87
by
RR.)6s.l920
Phil. & Reading general consol, Penn. 6s
mort.
1911
‘0 @ 92
Do.
imp. mort., 6s
1897
66
@ 18
mort., 1874, 6’e
Pittsburgh A Connellsville Con. Mort. Scrip,
guar, by Baltimore A Ohio RR Co.. 6s.
gen.
St. Loui9 Tunnel 1st mort. (guar,
by the Illinois
A St. Louis Bridge Co.) 9s
1888
Union Pacific Railway, Omaha
.1896
Bridge, 8s..
United New Jersey Railway and Canal, 68
.1894
Do.
do. *
do.
do.
6s
1901
..
51
•
•
....
©100
@ 90
91
@ 93
81
106
25
'
© 53
ber
Barley...
69
© 91
68
@ 72
©101
@107
@1-7
@:03
£103
© 68
Cal 96
© 76
© 56
68
99
10>
106
@102
@ 91
© 72
©iOl
©108
@103
1S75-6.
429,647
561,199
2,832,843
2,2(3,456
,
month.
■■
■
■
-
1876-7.
£9,655,202
2 823,576
2,202.120
308,318
394,1;7
854,248
845,335
3,908.660
2,744,306
4,836.646
£28,472,226
£22,339,728
amounts,
—
£16,055,339
2,246,871
2,270,o55
3,6t0,221
decrease
■
:
2.661,572
Total
@ 55
———————
and last two seasons, viz., from Septem¬
Flour*
The
'
1871-5.
£9 8=0.790
Oats.
Peas
Beans
Indian Corn
1C5%@!06%
95% @ 96%
100
89
February, inclusive
to
Wheat
@ 8n
@103
© 35
50
1-1
101
86
91
71
51
~
six months of the present
@ 90
109%@110%
99%@100%
99
106
10a
©
© 99
97
88
08
68
...
Do.
•
■
£23.172,769
2,501,572
this season,
compared with its predecessor,
therefore, to about £5,300,000, or nearly £900,000 per
The only falling ofi of importance is in
wheat, it being
£6,400,000 ; but it must be borne in mind that a very considerable
portion of the supply of wheat imported last season, and paid
for,
has been carried into the current
were in excess of our
season, as
last season’s imports
requirements.
The
following figures, from Messrs. Sturgis’ circular, show
prices of wheat
at the
the
principal foreign ports at the close of the
last two years:
quiet during the
PRICES OP WHEAT IN FOREIGN PORTS IN
DECEMBER, 1875 AND 1876.
week. Millers Lave shown no desire to
purchase in excess of
1875.—>
1876
1875.—>
1376.—,
actual requirements, and,
s.
p. d.
s. d.
s. d.
s. d.
though there is no prospect of what Petersburg. s. d. s. d. 38 d. s. d.
42
0 © 41 0 Barletta
@ 44 0
43 0 @ 45 6
51 6 © 53 6
may be termed abundance, holders have in some instances sub¬ Konigsberg. 51 0@54 0
£0 0 @ 51 0 Alexandria. 32 6 @ 3> 0
34 9 @ 36 9
Daniz c
45 6 @ 51
47 0
mitted to a slight reduction in
38 0 @ 43 0
54 0
43 0 @ 45 0
prices. The weather is more sea¬ Rostock.... 46 0 © 46 0 51 0 @ 54 0 Odessa
6
Mariar.ople. 37 0 @ 42 0
Stettin
41 0 @44 0
49 6 @ 53 6 Montreal... 38 0 @ 40 0
sonable, but a protracted period of cold, dry weather is necessary
46 0 @ 47 6
Hamburg... 43 6 © 45 0 51 G @ 54 0 New York.. S3 9@4i 0 41 0© 44 9
in order to keep vegetation in check and to enable the
42 0 © 41 0
farmers Nantes
46 9 @ 49 0 S. Francisco 42 6 © 45 0
48 0 © 49 0
Santander.. 47 0 © 49 0
to prepare a good
-@ - - Valparaiso 43 0 @ 44 0
41 0 © 43 0
healthy bed for the seed about to be sown. In Mars til es.. 43 0@49 0 52 0 © 51 0 Adelaide
37 0 @ 38 0
40 0© 41 0
most parts of the country, the effects of the late
45 0 @ 47 6
Naples
53 6 © £5 6 Bordeaux
rains are very
46 0 @ 47 0
49 0 @50 0
perceptible, and it will be some time, in several localities, before
The Board of Trade returns published on
Wednesday are very
seed can be sown under favorable conditions.
unfavorable, and they show that our trade last month was on a
English farmers have recently been deliveiing somewhat very restricted scale. The
following was the total value of our
larger supplies, the sales in the 150 principal markets of
imports and exports:
Eng.
land
and Wales
IMPORTS.
during the week ended March 3. having
1875.
1876.
1877.
amounted to 46,268
quarters, against 38,920 quarters last year. In February
£15,925,578
£ 13,7.-0,097
£ 10,942,309
In the two months
In the whole
58,301,193
64,1!3,844
63,841,689
Kingdom, it is estimated that they were 1S5,000
EXPORTS.
In February
quarters, against 156,000 quarters. It is estimated that, without
£17,467,256
£ :6,432,£05
£ *4,393,745
In tt.c two months.
34,454,016
3.3,137,017
30,33 ),825
reckoning the supplies furnished ex-granary, the
following quan¬
Advices from Manchester state that the
tities of wheat and flour have been
uncertainty attending
placed upon the British the ultimate course of
political events in Eastern Europe is one
markets since harvest:
of the most discouraging features
in the present aspect of busi¬
1876-7.
1875-6.
ness.
It lies like a dull, heavy load
1874-5.
1873-4.
upon the minds of business
cwt.
cwt.
cwt.
Imports of wheat
18,S->1 527 31,109,767 19,44^,316 21,116,010 men, and tends to check all enterprise, and in some departments
to
—v
,
....
..
.
-
.
..
..
'
Imports of flour.
Sales of
3,039,916
23,2bl,3C0
Total
Exports of wheat
and flour.
Result
Average
3,585,023
22,4‘J?,:OJ
3,862,6‘2
29,3£0,0i)0
8,642,082
20,299,£00
.45,162.743
616,539
home-grown produce
57.102,09 >
128,597
52,655,918
148,851
54 018.592
52,162,094
52,466,564
41 546,201
price of auglish wheat...
49s. Od.
58 973,493
45s. lOd.
-.
41s. 3d.
1,532,028
62s. Id.
The
following figures show the imports and exports of cere .1
produce into and from the United Kingdom since
harvest—viz.,
from the 1st September to the close of last
week—compared with
the corresponding period in the three
previous years :
straiten credit.
Merchants and bankers who have to trust
their customers in Russia or in
Turkey must necessarily wish at
the present crisis as far as
possible to curtail their risks in these
directions. This state of suspense and
feeling of distrust acts
and re acts in many ways and in various direction
■«,and depresses
trade, not only over the whole of the Continent, but also at
greater distances. And there can be no doubt that if a peaceful
solution should be found for the present
complications, there
would be a very rapid revival of confidence and a much
more ac¬
tive state of trade.
Eu£liab .TI.ark.el
IMPORTS.
1876-7.
5,217,082
Wheat
1875-6.
3!,K9,767
5,422,373
4,965,194
Barley
Oats
Peas
Beans
890,736
2.027,262
11,027,985
3,585.023
2.301.795
Indian Corn
Flour
...
16,000,720
3,039,916
1S74-5.
19,413,346
•8 619,8! 1
4,662,940
975.306
1,21-,272
7.189,976
1873-4
21,116.010
5,2'1,100
5.17i,974
519,673
2
6
>£54"
3,852,662
S, 113.341
3,642,032
116.671
155,932
15,715
155,943
153,232
38.618
1,493,248
16,817
4,915
24.473
11,726
11.373
EXTORTS.
Wheat
Barley
Oats
Peas
Beans
Indian Corn
Flour
16,228
265.438
20,231
155,530
59,472
2,646
2,175
8", 083
1,136
33,227
37,922
88,780
The countries whence we derived our
supplies of wheat in the
first six months of the present and last two
seasons, together
with the
quantities which each country contiibuted,
following
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as sLowd in
the following summary i
*
London Money and Stock Market.—The bullion in the Bank of
England has decreased £163,000 during the week.
Sat
Mon
Consols for money..96 11-16 96 11-16
44
3.8.68
44
account..96%
96 11-16
106
(5-208,)’6£(o)d)l0b
“
0. S. 10-408
New 5s
1867... 109%
the
1(8%
107%
U. S. new fives.
From—
Russia
United States
British North America
1874-5.
Cwts. 4,013,874
9,719,005
1,339,826
1,622,68*
Germany
France
Chili
30>,463
...
631,804
412,SOS
Turkey, Moldavia and Wallachia
Egypt
63,720
201,555
British India
Olher countries
Total
Germany
Total
The
2,674,790
906,541
603,333
1.1 6,014
1.969,366
1876-7.
4,554,383
7,196,-33
982,421
798,132
214,328
164,047
255,874
1,097.402
500,163
1.420,189
2,10 *,328
1.931,586
IS,914,664
29,767,745
17,981,552
IMPORTS OP
France
United States
British North America
Other coun ries
1875-5.
6,289,*>74
10, COO, 509
2,09?, 673
787,246
336,590
481,812
'
786,965
1,150,16)
1,262,062
97,944
565,800
613,982
980,306
188,033
313,394
113.762
f64,720
727,775
2.734,697
3,336,592
3,031,625
following statement shows the estimated value of the im¬
ports of cereal produce into the United
Kingdom during the first
Flour (extra Siate)
flbbl
Wheat (R. W. spring).$ ctl
44
(Red winter)...
44
44
(Av. Cal. white).. 44
“
(C. White club)... “
Jornfn.W. mix.) $ quarter
Peas (Can-dian) $ Quarter
.
104
100%
107%
sat.
d.
24
9
0
8
10
6
10
5
10
8
23
6
36
0
Fri.
96 7-16
96 7-16
107%
new
195%
fives at Frankfort
Mon.
d
24 0
9 8
10 0
10 5
10 8
23 6
36 0
Tues.
8.
d.
24
9
10
10
10
23
36
0
s
6
5
8
0
0
were :
103%
....
8.
105%
109%
108%
107%
1(9%
Wed.
8.
* d.
24
9
10
10
10
23
Thur.
8.
0
8
6
5
8
0
0
36
....
cotton.
24
9
10
10
10
23
36
Fri.
d.
0
8
6
5
8
0
0
d.
0
8
6
5
8
0
6
B.
24
9
10
10
10
23
35
Liverpool Provisions Market.—
Sat.
s.
deef
Pork
(prime mess)
tc
.
(W’t. raese)
75
$bbl 61
cwl 36
(Fg clear mid.)$J
Lard (American)
...
Cheese (Amer’n fine)
856,609
1C8%
105%
U9%
103%
103%
.
Thar.
96 7-16
96 7-lb
Liverpool Cotton Market.—See special report of
Liverpool Breadstuffs Market
Bacon
FLOUR.
Wed.
96 7-16
96 7-16
109%
The quotations for United States
s.
IMPORTS or WHEAT,
Tues.
96 9-16
96 9-16
106
109%
1C8*
108
:
were
Reports—Per Cable.
The daily
“
44
47
73
d.
0
0
0
6
0
Mon.
s.
d.
75
61
38
0
O'
6
0
0
48
73
Tues.
8. d.
75 0
fO 0
39 0
48 0
73 0
Wed.
s.
75
60
39
48
73
Thur.
a. d.
d.
0
0
6
6
0
75
60
39
49
73
Fri.
8.
0
0
6
0
0
75
60
4)
49
73
d,
(
(
C
Liverpool Produce Market.Sat.
s. d.
RosId(common).... #cwt.. 5 9
44
(fine)
10 6
“
Pfetrolenm(reflned)... .$ ga!
13
(spirits)
41
10
rallow(prime City).. # cwt. ^0 6
Cloveraeed (Am. red).. **
70 0
Spirits turpentine
“
28 6
“
Mon.
s.
5
10
Tues.
d.
s.
9
5
10
6
13
10
40 6
70 0
28 6
Wed.
d.
40
70
d.
9
6
13
10
6
0
13
10
40 6
70 0
?3
§
28 0
s.
5
10
9
6
-
Tnur.
d.
5 9
10 6
13
10
40 6
70 0
s.
88
0
Fri.
d.
5 9
10 6
13
10
40 6
8.
70
28
0
0
(
(
March
24, 1877.)
THE CHRONICLE
London Produce and Oil Markets.—
Sat.
£ 8 d.
LinsMc’ke(obl).0tE. 9 10 0
Linseed (Cal.) $ quar.
43 0
Mon.
Taea.
£. g. d. £ s. d.
9 10 0
9 10 0
48 0
43 0
spot,
Sperm oil
30 6
89 0 0
35 0 0
24 3
8agar(No.l2 D’ch std)
on
cwt
30 6
V tun.. 80 0 0
Whale oil
“
Linseed oil....# cwt.
.
35 0 0
24 3
30
80 0
35 0
24
6
0
0
6
Wed.
£ s. d.
9 10
0
43
Thur.
£ s. d.
0
30
89 0
35 0
24
9 10
48
£
9 10
0
80
89 0
35 0
24
48
89
35
Stile Cankers’
Frl.
s. d
0
267
(
(
No National banks organized
so
0
0
24
©ajette.
during the past week.
DIVIDENDS.
The following dividends have
recentl? been announced
Per
Cent.
Company.
Commercial ani> IHioceUaneouo News.
Imports and Exports for the Week.—The
imports thus
week
show a decrease in botli
dry goods and general mer¬
chandise. The total imports amount to
:
When
Books Closed.
P’ablb. (Days inclusive.)
Railroads.
Chicago R. I. & Pac. (quar.)
Dubuque & 8. City
United New Jersey
(quar.)
$7,540,561 this week,
against $8,258,919 last week, and $6,619,813 the
previous week.
The
The
Money
2
1%
2%
May 1 April 1 to
Ap’l 16 April 3 to Ap’l 16
Ap’l 10
FRIDAY, MARCH 23, 1877-tt P. M.
Market
and
Financial
exports amount to
Situation.—The
$4,794,472 this week, against $4,130,180 week was noted chiefly for the fluctuations which
grew out of the
last week, and $4,900,233 the
previous week. The exports of result of the coal sale, the meeting of the
presidents of the coal
cotton the past week were
3,176 bales, against 3,685 bales last companies and coal-carrying roads, the conference of the
repre¬
week. The following are the
imports at New York for week sentatives of the Chicago Burlington & Quincy and other West¬
ending (fo) dry goods) March 15, and for the week
ern
ending (for list roads, and the cessation of the bearish attacks on the stock
genera] merchandise) March
16
:
FOREIGN IMPORTS AT NEW YORK FOR
THE WEEK.
was
Drygoods
General merchandise...
1874.
1875.
$3,259,645
4,257,457
$2,586,419
5,374,493
$2,437,551
5,8:0,696
$2,087,600
5,458,961
Total for the week.
$7,517,103
60,595,548
$7,960,911
$',3’4,247
65,8i 3,335
$7,546,561
Previously reported....
187ti.
74,043,760
1877.
61,303.163
Since Jan. 1...
la
of
our
$88,112,651
$82,004,671
$74,187,632
$68,849,721
report of the dry goods trade will be found the
imports
dry goods for
one
week later.
The foliowiug is a statement of the
exports (exclusive of specie)
from the port of New York to
foreign ports, for the week ending
March 20:
EXPORTS FROM NEW YORK FOR THE WEEK.
1874.
For the week
Previously reported..,.
1875.
$4,751,433
52,750.510
$5,127,035
44,603,336
187o.
1877.
$3,815,594
$4,794,472
51.905,530
47,375,759
Since Jan. 1..
*57.501,348
$19,730,342
$51,211,353
$56,700,002
The following will show the
exports ot specie from the port of
New York for the week
ending Mch. 17, 1877, and also a com¬
parison of the total sin^e Jan. 1 with the
corresponding figures
for
several previous years :
Mch. 14—Str. City of Vera Cruz. .Havana
Mch. 15—Str. Herder
Hamburg
Span, doubloons..
Silver bars
$93,003
29,900
Total for the week
Previously
Total since Jan
Same time in—
1876
1675
1874
$127,000
3.095,177
reported
1, 1877
$10,106,865
;
15,617,0)3
7,100,267
13 675,601
4.613.385
1873
1872
1871
13,389,016.
specie at this port
The imports of
been as follows
Mch. 12—Str. Colon
Mch 11
Schr. M.
Same time in—
1870
1869
1868
1367
1866
during the
.
$6,375,362
7,439,864
11,167.72
6 061,603
5,364,804
same peiiods have
Silver coin
Gold coin
Gold dust
Aspinwali.... ....Silver coin
Gold coin
Port au Princ j...Silver coin
Reynolds
Total for the week
Previously reDorted
1,1
1372
565,619
Same time
1871
1870
1869
1868
1867
11. On and after
May 1 the dealings in gold will be conducted
in a new
department of the Stock Exchange, to be created for
that purpose, and the
present members of the Gold Room, or
such as can pass a
committee, will participate therein. With the
dissolution of the Gold Room ends the existence of
an institution
that has figured
conspicuously in the annals of Wall street, and
that has passed
through a checkered career.
In our money market borrowers on call
have been accommo¬
dated at 2(33 per cent., with the
one
exception of one day, when the
momentarily touched 7 per cent. The diccount market has
been easy at 3£@5
per cent, for prime mercantile paper.
In a
few days,
currency will flow from this point to the Eastern and
Middle States to assist the
April settlements among the farmers,
and it ift barely
possible that we shall witness an advance in call
loans and an approach to the maximum
legal rate of interest;
but as this currency will soon
return, any effect can only be
temporary.
On Thursday the Bank of
England directors did not raise the
rate of discount, as
many anticipated, and it remains at 2 per
cent.
The specie in the Bank decreased
£163,000 during the
week, and the proportion of reserve to liabilities was
45f per
cent, against 46± last week. On Thursday £266,000
bullion, and
on
Friday £150,000, went into the Bank on balance. The specie
in the Bank of France increased
1G,600,000 francs during the
week.
rate
The
last
statement of the New York
City Clearing-House
banks, issued March 17, showed a decrease in surplus reserve
of $2,286,525, which reduced the excess of
reserve above legal
requirements to $12,133,425.
The following table shows the
changes from the previous
week and a comparison with the two
preceding years :
1877.
Mar. 17.
1876.
1875.
Differences.
Mar. 18.
Mar. 20.
Loans anddis. $258,365,700 $259,257,100 Inc.
$391,40) $263,866,700 $233,353,100
Specie
27,543,300
24,407,900 Dec. 3,1:0,400
2»,369,400
7,288,800
Circulation
15,585,400
15,568,960 Dec.
16,5-)0
16.433,300
22,2)1,900
Net deposits.. 223,137,400
221,817,90) Dec. 1,36 ,500 220,584,900 218,419,300
Legal tenders.
42,763,600
4),28 MOO lac..
511,500
45,608,100
52,131,800
United States Bonds.—The market
for
Mar. 10.
Aspinwali
M;h. 16—Str. Claribel.
Total since Jan
Same time in1875
1375
1874
1673
$3,212,177
towards the close.
Another event which deserves mention
the formal dissolution of the Gold Room
by a vote of 162 to
$4,129
800
2,4:5
90
650
4,991
<13,135
3.722,361
in—
3,611,712
1,126,015
408,! 33
>
...
has
governments
been
generally quiet on slight changes, prices as a rule follow¬
ing closely the course of the gold market. The demand for the
new 4| per cents,
has continued active, and at the close of busi¬
ness to-day it was
expected that another caU for $10,000,009
would be issued to-morrow or in the
early future.
Closing prices have been as follows :
Mar.
Cincinnati Southern.—When the Cincinnati
Southern Rail¬
road is
completed, it is believed that a great increase in the
receipts of cotton at Northern ports w:ll take
place. The rail¬
Mar.
Mar.
Int.
Mar.
Mar.
Mar.
19.
period.
17
20.
21
22.
23.
6s, 1881
reg.. Jan. & July. 111% 1111/* 111% *111*4 111% 111%
6s, 1881
coup.,-ian. & July 1:2% *112* 112*4 112* 112% *112*4
Called bonds
May & Nov
10?%'
roads are so much more direct than
8s 5-20s, 1865
the water routes to New
reg..May & Nov.*107% *107% *103 *10S% *108% *108"
6s, 5-208, 1865
England and toEistern cities having direct steam
coup..May & Nov.*107%
*108%
communication 6s, 5-20s, 1865, n. i...reg.. Jan. & July. 108*4 107% *108 •103 *108% 108%
with Europe, that it is
1<8% 108%
i
108%
thought the overland movement of cotton 6s, 5-20s, 1865,n.i..coup.. Jan. & July. 108*4 108 *10b% 108% *108% 108%
108%
will grow rapidly.
It is claimed that cotton would come over¬ 6s, 5-20s, 1867
reg..Jan. & July.*111% *111*4 111% *111*4 *111% 111%
land even now in
coup..-fan. & July. 11!% *111*4 111% 111* 111% 111%
larger quantities, were it not that some of the 6s,5-208,1867
5s, 5-20s, 1868.
.reg.. Jan. & July.*113
*113
railroads discriminate against
*113 ' *112%
*113% *113
cotton as freight, though it is less 6s, 5-20s, 1863
coup..Jan. & July.*113
*113
113% *113% *113
*112%
bulky than tobacco and some other articles, and were it not that 5s, 10-40s.
reg..Mar. & Sept. 110% 1!0
*110% 110% 110*4 *110%
the railroads south of Cincinnati
5s, 10-40s
coup..Mar. & Sept. 111% 110 % 111% 111% 111% *110%
are controlled
by an interest 5e, funded, 1881
reg.. Quar.—Feb.
adverse to that city. With the
109% *109% *109% 110 *109%
completion of the new route to 5s, funded, 1881... coup..Quar.—Feb. *U0
110% 110
109% *101% 110% 110
Chattanooga, the adverse interest will be compelled to come to 4*49, 1891
reg.. Quar.—Feb. 106
*104% 105%' 106% 106% 1C6%
4*4s, 1891
terms, and Cincinnati will enjoy the benefits of bath her own line
coup.. Quar.—Feb
6s, Currency
into the heart of a rich
....reg.. Jan. & July.*123%
123% *123% 123% 123% 123%
*
cotton-growing region
This is the
now
.
—
..
-
and of the
existing, which is operated
one
at present for the benefit of other
new
Southern railroad connections
brought
up from 25,030 bales to 245,000 bales in ten
Cincinnati looks for au expansion of her
cities.
St. Louis’
her cotton receipts
years.
180,000 bales annually to
new
lines
a
receipts from
half million immediately after the
opened.
—The Continental National Bank has
issued, under date of
March 20, 1877, the following
circular, which explains itself:
are
We beg to advise you that Mr. Edmund
D.
appointment of Cashier of this bank, assumesRandoli h having accepted the
the active duties of the office
date, and your attention is ca’led to his signature below.
Mr. Randolph
having had an experience of
delph'a Bank, and subsequently, for a similar nearly ten years in the Philaperiod, as a private banker in
New \ ork, brings to the
position an undoubted character, and a
reputa!ion
for ability and
integrity which has secured for him th j deserved esteem of a
large ci cle of
at this
friends.
Tru-ting that our business relations may be increased and continue satis¬
factory, we offer you our best services.
price bid; no sale was made at the Board.
The range in prices since Jan. 1, 1877, and the amount
of each
class of bonds outstanding March 1, 1877, were as follows:
-Range since Jan. 1, 1877Lowest.
|
Highest.
6s, 1881
Mch. 1 111% Jan.
reg. Ill
6s, 1881
coup. 111% Mch.
Ijll4% Jan.
6s, 5-20s, 1865
coup. 107% Feb. 28 109*4 Jan.
6s, 5-20s, 1865,new..coup. 508 Mch. 1-111% Feb
6s, 5-20s, 1867
Mch. 1 114
coup. Ill
Jan.
6s, 5-20s, 1868.
coup. 113% Mch. 14117*4 Jan.
5s, 10-40s
1 114% Jan.
reg. 109% Mch.
5s, 10-40s.
coup 110% Mch. 2 114% Feb.
3s, funded, 1381
coup 109% Mch.
1!112% !an
4%9, 1891
1 103% Jan.
reg. 105% Mch.
4*4s, 1891
6s, Currency
Closing
coup.
reg. 121% Jan.
5!
89.616,950
19,075,750
64,9)3,459
97,03\550
15,479,000
141,990,900
137,719,560
213,587,200
21,994,800
225.963,350
292,030,800
38,64 >,5.0
31,360,300
52,575*400
11,350,500
61,623,512!
prices of securities in London have been as follows:
Mar.
9.
—The
Dubuque & Sioux City Railroad Company has declared
a dividend of one and
a-half per cent, payable on
April 16, at the
office of Messrs. M. K.
Jesup, Paton & Co. Transfer books close
on April
2, and re-open April 17.
3 123% Feb.
-Amount March 1.-
Registered. Coupon.
$193,719,400 *
U. S. 6s, 5-20s, 1865, old...
U. S. 0s, 5-20s. 1867
U. 8. 5s. 10-408
New 5s
Mar.
16.
106%
105% I 105 Jan. 2. 106% Moh. 7
I 108*4 Jan.
2 110% Feb. 6
103%
103% ■xl08% Feb. 16 110% Feb. 6
107% l 107% x!06% >an. 17 108 Mch 19
110
108%
—
107%
Mar.
23.
106%
109%
109%
-Range since Jan, l, *77.Lowest.
| Highest.
State and Railroad
Bonds.—In State bonds
a
firmer feeling
prevailed, especially in the Southern issues. Tennessees ad¬
vanced to 45 for the old and 44£ for the new, but closed at a re¬
action of ^(3)1 per c*en1.
Georgia 7s, new, advanced to 110 and
closed at 1094; do. 6s., new, were steady at 102.
The other
changes were slight.
Railroad bonds have been moderately active, but somewhat
irregular, some issues being up and others down. The changes
in the leading mortgages will be found in our table below.
The following were sold at auction:
,
290 shares Woodlawn Cemetery Association, $60 to $67 per share.
1 share Clinton flail Association, $55.
10 shares Resolute Fire Insurance Company, $100 each, 63.
26 shares Greenwich Fire Insurance Company, $25 each, 277%.
$10,000 Mi-s. Cent. HR. Co. consul, mort. bonds, $i ,0o() each, 21.
5 shares Sterling Fire Insurance Company, $100 each, 95.
10 shares Peop e s Fire Insurance Company, $50 each, 160%.
10 shares
Republic Fire Insurance Company, $100 each, 98.
$3 ,000 Ohio & Mississippi Railway Company 7 per cent sinking
due May 1, :883, interest May and November, $1,000 each, 58. *
fund bonds,
States.
Tennessee 6s/old
do
6s, new
North Carolina 6s, old
....
Mar.
23.
M ar.
16.
*44
43%
18%
,
.
,
5
Jan.
85
5
ft
108% Jan. 26
16 110% Jan. 29
22 93% Jan. 2
26 86% Jan.
2
28 110
15
•
Jan.
Jan. 30
Mch. 12
Feb. 5
Jan. 17
Feh. 26
Feb. 7
22 102% Jan.
9,104% Feb.
1
98% Feb.
3
6
6
Stocks.—The stock market
depressed early in the week, and there was a marked decline
prices, especially in the coal stocks and N. Y. Central, Lake
Shore and Western Union. The sale of 225,000 tons of Pittston
coal, which went off at only a slight decline, was much more
successful than was generally anticipated, and this, in connection
with the meeting of presidents of the coal companies and coal
carrying roads, caused a sharp advance in the coal stocks, a
movement in which the general market sympathized. Afterward,
when the coal conference adjourned without doing anything,
was
in
there was a fresh decline in the coal stocks and also in the gen¬
eral list.
Illinois Central declined 5 per cent, American Express
10 per cent, United States Express 5 per cent, and the balance of
the list in a lesser degree.
At the close there was a sharp
active business, prices ad¬
vanced | to 6,per cent, from the lowest point.
The stocks most
conspicuous in the improvement were American Express, United
an
States Express, C. B. & Quincy, the coal stocks, Western Union
and the trunk lines’ shares.
This change was due to a combina¬
tion of circumstances, prominent among which
was the fact that
of
the
large bears
which induced
a
were covering their short contracts,
host of the smaller ones to follow suit, and this
gave a temporary
strength to speculation. In the final dealings
to-day, the market re-acted slightly from the highest point.
Total sales of the week in leading stocks
“
19
“
20...
“
21
22
23
“
“
were as
follows:
Del. & Lake West’n Central Mich. Del.L. St.Paui
Hudson. Shore. Union, of N.J. Cent. & W.
pref.
3,800 88,450 45,030
610
5,856 67,853 12,100
6,6 0 27,175 40/10
1,300
3/00 8*.,340 12,150
8,150 40,250 26,400
3,910
1.600 81,410
2,900
20,184 31,442 20/ 42
600
461 120,240
2.930
5,401 54,000 12,240
100
3,540 59,500
1,100
March 17
5,550
Total...
Whole stock
45,10)
51,870
2.520
2,206
53,400
N. Y.
Cent.
8,771
7,7 0
4,405
6,195
6,080
6,990
5,700
outstanding is given in
the last line, for the purpose of comparison.
The daily highest and lowest prices have been as follows:
Batura ay.
Monday,
March 17. March 19.
At. & Pac. Tel.
Central of N.J
C. Mil. & St. P.
do
pref.
Chic. & North.
do
pref.
C. R. I. & Pac.
Del.ft H. Cana]
Del. L. & West
24% 24%
8% 9
war 18%
46
45%
32
32%
51% 51%
94%
100
47
49%
57%
60
7
Erie
6*
Han. & St. Jos
’0% 10%
do
20% 20%
pref.
Harlem
*136
133
Ilr Central....
51
5!%
Lake Shore
49% 50%
...
Michigan Cent
N.Y.Cen.&H.R
Ohio & Miss...
Pacific Mail
8t. L. I. M.& S.
St. L. & R. C.pf
Wab. P.C. IiAs
Union Pacific.
West. Un. Tel.
Adams Exp...
American Ex.
United States.
..
Wells, Fargo..
42
42%
93% 91%
0%
5%
22% 23
*8
11
23
23%
4%
4%
70% 70%
62% 63%
102
57
43
S4
102
57%
43
84
Tuesday, Wednes’y, Thursday,
March 20.
24% 21%
8% 8*
18% 13%
46% 47%
3 % 32%
ol%
99%
46%
56%
7%
10%
20
136
52
100%
47%
53%
7%
10%
20%
136
50%
50%
48% 49%
4!% 42
92% 93%
5%
5%
22%
....
23
•
•
•
•
23% 24%
4%
5%
70% 7!*
62% 62%
102
57
46
84%
102
57
47%
84%
March 2'.
24%
24% 24%
9
8%
9%
18% 18%
17%
46 -4
46* 47%
32
32%
32%
51% 51%
51%
99% 100%
93%
47% 43%
48%
56% 58%
57%
7%
7%
6%
10% 10%
10%
20
20%
2'%
•13.% 133
*135%
50% 50%
50%
18% 49%
48%
4 * 42%
42
92% 93%
92%
5%
5%
o%
22% 23
22%
*
•4
11%
25"
_5%
24%
8%
9
18%
47%
32%
•18
46%
32
47
84%
32%
51% 5,%
99% 100%
48% 49%
51%
100
51%
bO
56% 58
7%
10%
20%
137
50%
49%
6%
:o%
do
pref
Chicago & Northwestern
...
'
do
do
pref
Chicago Rock Island & Pacific
Delaware & Hudson Canal...
Delaware Lack. & Western..
Erie
Hannibal & St. Joseph
do
do
pref..
Harlem
Illinois Central
Lake Shore
Michigan Central
...
5
*
21%
5 >3
70%
61%
101%
56
43% 45*
84% 84%
24%
8% 9%
18
18%
46% 47%
34
34%
51% 52
100
100%
49
50*
57% 59*
6%
6%
11
10%
*
5%
22%
11
•
Lowest.
1
Highest,
3' 25
Mch.
5 37 % Jan.
15 >4
Feb.
7% Mch.
.
Jan.
Feb. 20 21
2 54% Jan.
5,250! 3d 14 Feb. 13! :.7% Jan. 23
16
v
36,880! 45% Mch.
,
6,300j
48*4 Feh. 17 ( 5,6% Jan. 93
14,527/ 97Feb. 171102% Jan. 22
Feb. 13! 74% Jan. 4
49.685) 45
471,743 54)4 Mch 19
7,636
6yt Mch. 23
13
22
5
5
Jan.
Jan. 27
Jan.
77
10% Jan.
1534 Jan.
Feh. 21
Feb. 24 30
300 135
Feh. 19 141*
5,115 46Mch, 23 65%
1,800
1.900
226,117
17,166
40,201
5/00
24,6U0
9
20
Jan.
5
57% Jan, 13
21
24
26
Mch, 22
47)4 Feb.
404 Feb.
91 % Feb.
5024 Jan.
23
104% Jan. 20
5
7% Jan. 6
51 % Mch, 22 26% Feb. 20
13
Jan. 4
10# Mch
1?!
25
Mch
1,766 23
8%
4,490 4% Mch 16
4,150 59>4 Jan. I5i 3
8
197,092 60% Mch 20
429 ieo
47
9)1
255
1,350
Jan.
13
2
Mch. 2
Low.'High
14%; 22
20% J09%
16%, 46%
49% 84%
31%! 45%
55%' 67%
98% 111%
61% 125
64% 120%
7% 23%
10%. 22%
18%
130%
60% 103%
48% 68%
34% 65%
96
117%
5
24%
16% 39%
10
26%
22% 33
Feb.
57%
74%
Jan. 00 63% 80%
Jan. 27 100
Mch 23:05
114
f.p;
55
I 67
Mch. 221 60% Feb.
49%
79
76
! 91%
•
5%
5%
21*
►
5^
22%
10%
•
'5%
•
•
•
5%
69
"5%
70
70%
60% 61%
61% 63%
101% ]L01 % •100
100%
47
43
84
55
44%
8J%
The latest railroad
earnings, and the totals from Jan. 1 to latest;
given below. The statement includes the gross earn¬
ings of ail railroads from which returns can be obtained. The
columns under the heading “ Jan. 1 to latest date” furnish tlie
gross earnings from Jan. 1, to, and including, the report mentioned
dates,
are
in the second column.
-Latest earnings reported.
Atch. Top. & S. Fe..lst week of Mch.
Atlantic x Gt. We-’n. Month of Jan...
Bur.&Mo.Riv.in Neb.Month of Jan....
Bur. C. Rap. & Nor ill. 2d week of Mch.
Cairo & St. Louis
1st week of Mch.
Canada Southern.
2d week of Mch.
Central Pacific
Month of Feb...
139,977
49,922
14,252
5,415
35,463
951,000
88,216
05,000
500,638
5,865
25,246
2d week of Mch.
Chicago & Alton
Chtc.Mil. & St. Paul. .2d week of Mch.
Chic. R. I. & Pacific.Month of Jan...
Cm. Lafay. & Chic.. 2d week of Mch.
Clev. Mt. V. & Del.. .Month of Feb...
Denv. & Rio Grande.*lst week of Mch.
Hannibal & St. Jo.. .Month of Jan
Houston & Texas C.. Month of Jan...
Illinois Central.
Month of Feb...
Do. Ia.leased lines.Month of Feb
10,454
122,796
248,235
365,067
—
95.772
57,386
Indianap. Bl. & W.. .1st week of Mch.
Int. & Gt. Northern. 2d weekof Mch.
Kansas Pacific
Month of Jan...
Louisv. Cin. & .Lex..Month of Jan...
Louisv. & Nashville..Month of Feb....
Mo. Kansas & Texas.2d week of Mch.
Mobile & Ohio
...Mouth of Jan...
Nashv.Chatt. &St.L.Month of Feb
Pad. & Memphis
.Month of Jan...
Month of Feb...
Phila. & Erie
Pad.&Elizabethtown.Month of Feb...
St. Jos. & Denv. City.Month of Feb...
55/00
176,265
St.L.A.&T.H/brchs) 2d week oi Mch.
10,525
93,000
88,034
421,836
57,458
232,352
..
148,494
15,110
..
198,402
26,551
31,718
St. L. I. Mt. & South.2d week of Mch.
St. L. K. C.<fc North’n. 1st week of Feb.
St.L.&S.E'n(StL.div.)Month
(Ken.div)..Month
“
(Ten.div.).Month
St. Paul & S. City,
..Month
of
of
of
of
City&St.Paul..Month of
“
..
48,539
'4',628
22,033
Feb...
Feb...
Feb...
Jan...
Jan...
11,810
30,597
15,522
Sioux
Tol.Peoria & Warsaw.2d week of Mch.
Union Pacific
Month of Jan...
*
Mileage this year embraces the
17,003
815,354
1S77.
$308,841
$42,786
270,142
..
Jan. 1 to latest date.
,
l-76.
1877.
.
.
•
270,142
49,' 22
.
51,(703
22,211
6,032
44,213
1,017,201
98,637
118,837
489/>38
8,209
171,967
45,692
309,189
2,076,000
51,003
240,229
46,695
350,374
2,(11.543
848,837
rs38,574
987,460
1,299,661
500,638
489,638
88,939
57,867
71,106
58,856
28,819
,
1876.
$304,335
51,670
95,650
122,796
6.919
142/6S
304,683
739,905
187,433
212,730
398,196
142,968
304,683
877,923
263,352
309,450
324,532
176,265
266,402
88,034
80,016
248.235
451,760
125,941
33,415
45,000
206,402
80,016
410,394
64,G68
2)2,389
161,823
21,502
226,916
591,734
232,382
28,196
10,282
87,380
59,837
43,616
27,3 8
12,714
59,90a
108,900
963,600
298.960
15,110
430,952
-
2S8.581
95.593
51,484
25,651
30,597
41/71
27,715
15,522
197.234
25,168
664/87
815,354
641.439
232,389
335,208
2%502
458,109
55,019
98,602
814,921
305,936
86,943
53,140
24,408
41,471
27,715
.266,357
664,987
Trinidad extension, not included in 1876*
Tlie Gold
market.—Gold was quiet, and fluctuated
be¬
104£ and ^05, closing at 104f. On gold loans the terms
to day were £ and 1 per cent for carrying, and flat for borrowing.
The following table will show the course of gold and gold
clearings and balances each day of the past week:
•Quotations
Op’n Low. High
101% 104% 104/4
104% 104% 104%
104% 304% 104%
104% 104% 104%
Total
1
Saturday, Mch. 17
19....
Monday,
“
20....
Tuesday.
“
21
Wednesday, “
22.... 194 % 104% 1(15
Thursday,
23.... 101% 104% 101%
Friday,
“
...
...
Current week.
Previous week..
Jan. 1 to date
...
.
...
Clos.
104%
104%
104%
104%
114%
104%
Balances.
»
Gold.
Currency.
,
Clearings.
$25,021.00
$1,79\579 $1/75,791
667,400
702,500
1,118,203 1.171,626
1,195,059 1,251/00
1.648,574 1,743,325
23,721,000 1,211,500 1,270,264
17.165,000
12,564,090
9.d90,d0:'
25,047,000
$
104% $112,609/0( $
;04% 104% 105
105% 104‘/2 105% 104% 166,020/00 1,996,100 2,095,562
'•••
107% 104% 107% 104%
24
11*
20% 22%
•138%
47
50
46% 49”
48% 49%
48* 50%
4241% 42%
43%
93
93%
93% 9/%
93%
5%
11
7
Friday,
March 23.
20
•135% 133
This Is the price hid and asked ; no sale was made at the Board.
do
.
20
42%
22*
*4%
8%
18%
46*
•
5%
71 % 72
xTO'-i
62% 63
x60*
301% 101% 10,%
56% 56%
55%
*
*8i%
it arch 22.
24%
25
5%
9,640
3.020
Chicago Mil. & St. Paul
Whole
year 1876.
1877, to date.-
tween
49/85 226,417 197,002
9,010 17.165 471.743 36,880 40,201
200,000 494,665 337,874 206,000 187,382 262,000 122,744 891,283
The total number of shares of stock
4,876
2
113% Mch. 5
3U 98
2 104%
9 117%
5 118
4 89
9 121
...
change for the better, and, under
Shares
Atlantic & Pacific Telegraph
Central of New Jersey
—Jan. 1,
..
..
Railroad and miscellaneous
6
16 40 ' Mch. 20
23 106% Feb. 8
2 74
Jan. 30
...
•
22)4 Jan.
7
*79
*79% *80
*39
Jan.
38
do
do 2d series...
Jan.
Missouri 6s, long bonds
*105% 104
105% 105
Jan.
72
District of Columbia, 3-65s 1924
72% 71
72%
Railroads.
50
Mch.
53
53
Central of N J. 1st consol.
56%
ld6
*1» 5% 105% Mch.
106
Central Pacific 1st. 6s, gold
Mch.
Chic. Burl. <fc Quincy consol. 7s *108%' 106
*107% 106
Chic. & Northwest’n, < p., gold
83
87% Mch.
90%
89%
Jan.
84
81
Chic. M. & St. P. cons. s fd, 7s
*81% 78
Feb.
Chic. R. I. & Pac. 1st, 7s
107% 106
*1^6% 107
109
Jan.
*114
Erie 1st, 7s, extended
Jan.
Lake Sh. & Mich. So.2d cons.cp
98
Jan.
101
*103
103
Michigan Central, consol. 7s... *104
Feb.
Morris & Essex, 1st mort
*115% *115%; *116% 113
1 6
Mch.
N. Y. Cen. & Hud. 1st, coup... *115
116
114
Ohio & Miss., t ons. sink, fund
88
88
*87
81% Jan.
Pittsb. Ft. Wayne & Chic. 1st. *120
Jan.
117
*119%;*120
8t. Louis & Iron Mt.. 1st mort.
98
*97% *92% 92% Mch.
Union Pacific 1st, 6s, gold
153% 103% K‘4%103 Jan.
do
sinking fund.... ♦93
93% *92% 92% Mch.
* This is the
price bid: no sale was made at the Board.
•
Sales,
[pf w’k.
Wells, Fargo & Co
,
Virginia fia, consol
.
I
18% Mch.
,
44%
44%
week, and the range in prices since Jan. 1,
follows:
were as
Since Jan. 1, 1877.
,
Lowest.
Highest.
Jan. 11
42% Feb. 28 45
42
Feb. 28 44% Mch, 20
Closing prices of leading State and Railroad Bonds for three
and the range since Jan. 1,1877, have been as follows.
weeks past,
Mar.
9.
*42
Total sales this
1876,
N. Y. Central & Hudson River
Ohio & Mississippi
Pacific Mail
St. Louis I. M’ntain & South’n
St. Louis Kan. City & North, pf
Wabash Receipts
Union Pacific
Western Union Telegraph. ..
Adams Express
American Express •
United States Express
25 shares Niagara Fire Insurance Co., of N. Y. (hypothecated), $50 each, 116.
29 shares Nat. Mechanics’ Bank. Ass’n of N. Y. (hypothecated), $50 each, 75.
some
\ March 24, 1^77
THE CHRONICLE
268
49
•43
53
45%
83% S3%
The following are
American coin:
Sovereigns /.
Napoleons
X X Reichmarks....
X Guilders
the quotations in gold loi foreign and
$.4 85 (® $4 89
3 87 @ 3 94
<® 4 80
@ 4 10
Spanish Doubloons. 16 00 & 16 35
Mexican Doubloons 15 50 1® 15 60
Fine silver bars
116%®
118
Fine gold bars
par®%prem,
4 75
3 90
! Dimes & half dimes. —'94%® — 95%
Large silver, %s&%s — 94%® — 95%
Five francs
— 93
® — 95
Mexican dollars.
— 92
(®*— 94
English silver
4 80 ® 4 85
Prussian silv. thalers
65 ® — 70
Trade dollars.
— 96
® —ICO
.
—
.
Exchange.—Foreign exchange was firm early in the week,
sight bills on London were advanced -£• cent. Toward the
and
close, however, the market became dull, and actual business was
at 4
83£@4 84 for bankers’ loDg sterling, and 4 854(5:4 86 for
demand.
The following were
the rates of exchange on New Turk at the
to-day: Savannah, buying, -^; selling, i;
Charleston easy,
premium; St. Louis, 100 premium; Cincin¬
nati, steady, buying par, selling 1-10; New Orleans, commercial,
£; bank, f; and Chicago, 75 premium.
undermentioned
cities
T March 24,
The rates for
1877.]
THE CHRONICLE.
foreign exchange
are as follows:
2b9
BOSTON, P if ILV
!) K L PIIIV,
Etc. -Continued.
-Alth. 23.
60
Prime bankers’ sterling bills on London..
Good bankers’ and prime commercial...
-Good commercial...'
,
Documentary commercial
Pans (francs)......
Antwerp (francs)
Swiss (francs)
Amsterdam
days.
4.83tf@4.83*4
4.6214 @4.83
4.82 ©4.82#
.
40 ©
94 #©
Hamburg (reichmarks)
do
do
do
40H
95#©
95#©
95#©
94#
94#
94 #©
...
Pennsylvanla5s, gold, lnt.
5J6#©5.14^
4<) 14©
Custom
House
-Sub-Treasury. -
,
Receipts.Currency.
$287,806 47 $818,659 30
Rect
ipts.
5*275,000
Met. 17
“
19
“
20.......
“
21
“
359.000
366,000
389.143 34
472,701 55
408,900 00
749,909 82
Total.......$1.958.COO
Balance. Mch. lb
Balance,
“ 23..
New York
City
o
03,411 46
553,669 27
681,205 39
420.971 14
709,766 92
536,469 27
90,i'21 73
Banks.—The following statement
the condition of the Associated Banks of
New York
week ending at the commencement of
business
1
on
645,(00
44S.OJO
255.3J0
891.0;)C
3.837 500
2,000,000
3.387,lui
.
11,299.30(1
1,''ll.500
500,000
300,000
400,000
350,000
770.4'X
951.700
‘737.0(0
40J 300
100.000
3,750 OOt
15,133 3 >0
2,000,000
300,000
1,500,CGC
500,000
1,000,000
7 4(8.(100
2,102,000
5.647.700
250,000
200,000
1,000,000
1,727,800
•300,000
530,000
Dry Goods
Total
5.036.900
7,2i)6,HO
1.151,010
1,6'4.00C
1,153.310
1,185.410
2,-61.100
1,000.000
N.Y.National Exch,
Tenth National....
Bowery National....
New York Co.Nat..
German American.
City
1,0:8.IX)
12.0(0
3 500
15.300
42.10C
3.7(H)
1,050,3.0
311,300
337'3-0
187,1 tC
7.514.30#
T.ioi'
1.352.8X1
184,(00
1,0!) LOGO
287.800
3(3.300
2,727.7(0
407,100
820,21 0
4l'6,(U0
‘232.000
192,4(i(J
439,400
408,100
323 9JO
874,000
2.505.3J0
8i6.9u0
41C,1(0
411,3(0
230.900
600.000
115.400
8(4,000
493.300
432.800
985.000
320.100
183.8X1
413.60G
360.300
75!,100
237,300
14
,3x;
16V-’0C
115.5(0
108 9j0
3/09,4i U
2 136.000
563.000
7,300
242,5'JO
293.100
13,400
898.500
45,OIK
iho.oup
278,5(0
3,4X
295 2>;
32.6'X
18.100
lc3 5tl‘
3.(00
215.6 0
5(>l.3;k
537.900
4.800
599,9 H
2.161.200
1,1(0 500
4.0(0
2,050,200
19.78) 100
227.10*'
14.S15.2X
836,400
677,300
777.4(0
667,900
45 '.7(0
13 655.600
60,t UU
306 400
46(»,8'0
62,900
1.033,300
1,335 OIK
7,239.000
1.184.700
199.200
251.500
323,41(6
45,000
25C.IXF
610.1(0
130,-COO
49,4' K'
175,900
450 0''
221.003
130,(>0
174,185.200 1259,257 1'JO 424,407 9 C 143.250.100 f22l.817.900 f
15.565,9 0
Bid. Ask.
87
85
65
Boston A Albany stock
Boston A Lowell stock
Bid. Ask
MalneSs
New Hampshire,6s
Vermont 6s
Massachusetts 5s, Gold
Boston 6s, Currency
do
5a, gold
Chicago Sewerage 7s
do
Municipal 7a
Portland 6s
Atch. & Topeka 1st m.7s
do
land gt. 78
do
2d 7s.
iii
lio
iii
f
f
52#
.
61 *
Boston A Maine
(j5
Boston A Providence
132
Burlington A Mo. in Nebraska 2.i
Cheshire preferred
37#
9<
Chicago, Bur. A Quincy
(Jln.,Sandu8ky A Clev.stock.
2iK
Concord.
74#
Connecticut River
Connecticut A Passumpslc, pf.
87# Eastern (Mass.)
79 'a. Eastern (New Hampshire)....
107#
73
..
53
Fitchburg
1‘22
62
96
30
40
3
40
4
J#
lio*
.
ill
....
.
..
du
io
2t- Movt., 7,1891
A Can., new, 3a
....
Vermont.
A
Mass., 1st M.
r
....
.
f
do
preferred
Vermont A Canada
Vermont A Massachusetts
Worcester A Nashua
7#
15
....
1-3
127
3-10s, 1896
1(5
....
94
*
99
99
:(3
.('1
V
8
16
—
,t.*
103
104
25
“
“
Steubenville* Indiana?s.’84
do
r0
50
80
90
.
.
..
...
scrip
1918...
96
96
100
93
100
99
75
SO
90
85
85
96
85
85
85
100
96
96
96
36
96
96
35
96
98
18
98
98
98
93
45
101
Dayton A Michigan stock
...
100
no
115
105#
93
1(5
108
no
105
:oo
t95
tino
+ 104
i05
103
99
+ 100
60
92
67
!00
100
96
97
65**
95
12
10S
103
98
100
tioo
87
78
65
91
94
25
97
42
1(3
•
•
••
90
60
70
93
£6
30
93
44
104#
96
95#
.
EO
82
...
do
do
Wharl 6s
special tax 6s of ’89. + 8#
Jeff., Mad. A I,letM.(IAM)7, ’6‘ y8
do 2d M.,7,
do
72
do
do 1st M.,7,1906— (9
Loulav.C. A Lex., 1st M.,7, '97.. 97
[ ouis. A Fr’k., lstM.,6,’70-’78..
do
Loui8V.Loan,6.’81
L. os Nash. 1st M. (m.8.) 7, ’77..
do Lou. Loan (m.s.)8, ’86-\37 +38
do
do
(Leb.Br.)6,’86 !t93
1+93
do lstM.(Leb.br.ex)7,’80-’85 118
+ 18
do
Lon.L’n(Leb.br.ex)6,’93 +58
Consol. 1st M..7,1898.... £3
GO
J sfferaon., Mad. A Ind
99
19
99
73
ICO
99
....
....
85
.
...
101)4
Lehigh Navigation 6s.’34
do
RR. ’97.... 99# 100
90
do
deb.’77....
do
conv ,’82
Morris, boat loan, reg., 1865
Pennsylvania, 1910
Schuylkill Nav. 1st m.6s,’97..
do
2d m., 6s, 1907
do
m. 6s. ’95
do
6s, imp.,’30...
do 6s,bcat&car,1913
do 7s, boat & car.1915
98
100
LOUISVILLE.
Louisville 7s...
t 104# 105#
£9
to# Louibville 6s,’82 to’87
do
6s,’97 to’98.
+38# 99
si*
Watei 6s,’87 to ’69.. + 8# £9
do
Water Stock 6s, ’97. +98 # <9
do
.
....
.
98
CINCINNATI.
do
8 p. c.st’kguar
Little Miami stock
8b
84
93
97
97
97
Cincinnati 6a
t98
do
7s
tl06
do
7-308
+ 110
do
South’n RR. 7.30s f 105
97
6s,’73
g,’9l.
.
50
93#
93#
•
gold, ’97
.
108
UY.ited N. J. c ns. m. 6s, 94.. L(3*
Warren & F. 1st m. is,’96 . ...
Westchester cons. 7s,’91. ... n*2
(3 *
West Jersey 1st m. 6s, '96
do
do 78,1397.... 1(9#
Western Penn. RU.6s. 1893....
do
do
6a P b *96
Wilin. & Read.,1st M.,7,1900*.
do
do 2d Mort, 1902*
In default of interest.
94\
Georgetown.
Columbus A Xenia stock
.
Stony CceK, 1st m.. 7*=. 1907...
SunburyA Erie 1st m.7s,’77..
*
93
(I843)6s, atplear
Gener'l btoek, 8*. 1881
do
6s, at pleasure,
96
c5
65*
80
52
50
55
,! 71
51k
ys#
18#
98#
£4
Louisv., Cin. A Lex.,pref
do
do
common.
Loulaville A Nashville
28#
29**
ST. LOUIS.
3t Louis 6s, Long Bonds
+
to
Water 6s gold
+
do
do
do (new). +
do Bridge Approach g.6s+
do Renewal gold 6s
+
do Sewer g. 6a (due’91-2-3>+
St Louis Co. new Park g. 6s..+
do
c’v, 7s
+
St L.ASan F. RR Bds.serles A
do
do
co B
do
do
do C
....
55
82#
51#
iChes. AO.at’k (’47) 6s, at pleas.
....
95
Phlia., Wilra. A Balt. 6s, 13:4..
Pitta.,Cin. A St.Lonla7e, !900.
Siiamokin V. & Pottsv. 7s,HO’..
coup.*,
82
0
100
70
I
8s, 1377...
....
104~ 1(6* *’
7a.’88
do
g.m.7s,c. 1911
do
do reg.191!
do
new conv. 7a, 1893
do Coal A I,Co m.,7a.’92-’3
do
105
107# 108
107# 1(8
(Cong ) 6 g, 1892.
99# Certificates,Sewer, 8b, 1874-77
Water Certificates,
102
iui*
Philadelphia A Reading 6s, ’80 1"1
do
do
7s, ’93 •06
do
deb.bonds,’93
Sasquehanna 8s,
:os
100
108
S3
90
97
96
*
^5
5s,perj'
conv..
07
99
107
62
102
Washington.
Ham.Co.,Ohio6p.c.long bd~.
do
do
7 p.c.,1 to5yrs.
do
do
Ig bds,7 A 7.801
106* Cin. A Cov.Bridge stock, prel
!'5*k
!■ 6
(Jin., Ham. A D.. 1st M., 7, 80..,
do
do
2d M.,7, 85...
,07
'-08#
do
do
3d M., 8,77...
do
con.m. 6al9;3 95# 96
do
Cin.. Ham.A Ind.Is guar
1(5
Little Schuylkil List M.,7,1877.
Cin. A Indiana, 1st M.,7
Northern Pncific 7 3-10*. 1900*.
do
2d M.,7,1877..
do
North Penn, istm, 6s, ’85
106# 107*
ill
109
Colurn., A Xenia, 1st M.,7, ’9*)
do
2d m. <s, 96
Dayton A Mich., 1st M.,7 81.
do
chattel M. 10s 1877
do
2d M.,7,’84..
do
107*
do
gen. M. 7s, coup., 1903 106*
do
85
do
3d M.,7,’88..
l3#
Oil Creek 1st m.7s,’82
1(7
Dayton A West., 1st M., 1881..
Penn* N. Y.C.AE K7s.’96-1906. 105
do
do
1st M,, 1905..
1(5
Pennsylvania, 1st M.,6,1980... 104
107
do
do
1st M., 6, 1905.
<io
gen. m. 6s 1910, coup |0«
K6# Ind., Cin. A Laf., 1st M.,7
do
gen. m.,6s reg., 1910 104#
do
97
(I. AC.) 1st M.,7,1886
do
cons.m. 6a, reg., 1905
Little Miami, 6,1883
Perkiomen 1st m.6a,’97
1(3
1(3# Cin. Ham. A Dayton stock..
Phlia. & Erie 1st m.6s,’81
do
do
102# 102*
7s, 1903...
Market stock, 6s,
do
Board of Public Works—
Cers. Gen.Imp.8s, 1874...
do
1875...
do
1876...
do
1877
do
1878...,
do
Series.
1(4
96
Harrisburg 1st mort.6s,’83....
H..& B. T. 1st mort.78,’90
do
2d mort. 7s, ’95...
do
3d m. cons.7s,’S5*
Ithaca & Athens g.7s,’90
Junction 1st mort.6s, ’82
1900....
do
2d
do
Lehigh Valley,6s, cou., 1898.
do
do
do reg. 1898..
do
do
do
7s, 19K'
Delaware Division
106
105
99
1(3
98
,
bounty stock. 6s,
iui” 105*'
.
in.
!(4# 105#
103
2d. M. A N....
8s, 8d, J.AJ
Union ER., 1st guar.. J A J.
do
Canton endorsed
“
9l#
l'O
.01
2d do 7s, c. 188i
Burlington Co. 6s, ’97.
catawisaa, new 7s, 19(0
Cayuga Lake 1st in. g.7s, 1901*
Connecting 6s 1900-1904
Dan., H. & Wilks, 1st in..,70/87*
D laware mori. 6s, various—
East Penn. 1 st mort, .7b,’86..
K1.& W’mspoit, 1st m, 7s.’80
do
2d
104
109
108
106
jWater Stock bonds 7s,1901....
5j
98*
*
do
12
103#
1(5#
95
49
luc. 7b end,’94
do
31#
1 0
do
do
Fund .Loan
do
8d M. 6a,’87
A Amboy,6s, *83.... 101
101
do
do
68, ’89
1(7
do
do mort. 6a, *89.
Cam. * Atlan. lstm,7s,g. 1908 .12
-
do
do
’•7 x
7
do
Camuen
•.
...
Verm’tCen.,lst M.,cons.,7,’8fl
1)3
Bolvldere Delaware,1st m,6,’77
Ho
2d M. 6s,'85
do
Cam
20*
30
5
District of Columbia.
Perm. Imp.,6s, g, J.AJ, 1891.
do
7s, 1891
Market Stock bonds, 7s. 1892..
2!#
CANAL BONDS
136
do
land inc. 12s.,
U»7
Manchester A Lawrence
Boston & Albany 7s
•414
95
100
114# Nashua A Lowell
Boston & Maine 7s..
New York A N<-w England
Burlington & Mo. Neb. 8s, 1994 99# (DO
Northern ot New Hampshire.. 6(#
do'
do Nrh. 9s, 1883.
Norwich* 'Worcester
125#
Eastern, Mass 7s, < Id
Ogdens. A L, Champlain
is# 17#
Hartford A Erie 7s, new
do
65
do
10# 1C#
70
pret.
Ogdeuaburg & Lake Ch. 8s
•Jld Colony
90
ICO
1-1
Old Col. & Newport Bds, 7, ’77.
•iO
Portsmouth
t'ort.,Saco&
Rutland, new 7s
Holland common
Vermont
ii#
7s E. Ext..1910
do
do
80
STOCK S•
BOSTON.
135*
5i
pref.
Allegheny Val 7
20
Baltimore Gas,certificates.... 135
150
People’s GaB
P# 18#
bailboad bonds.
do
CITIES
SECURITIES.
Division
do
§ With interest.
SECURITIES.
.3
160
12
5
Ohio 68,1880, J. A J....
6s. 1885. A. A O...
N.W.Va., 3d M.(guar)’*5, J.AJ
Pittsb. A Connellsv. 7s,*98, do
Northern Central 6b. 1885, do.
.
Texas Securities.—Messrs. Forster, Ludlow &
Co., 7 Wall st., quote:
State 7s,gld §108
Austin 10s....
110
95
G. H. & S. 6s, g. 83
7e,g-30 yrs §109
Dallas 10s,.. 87#
111
90
i H.&T.C.7s,g.lst 82
10s, 1884.. § 99
102
Houston 6’s 32
35
|
do 8s con. 2d bO
10s, pens.
§10254 105*4 S. Ant’io 10s. 90
I G.H.&H.7e,g.lst 77
6s of 1892.. §91
94
ftUOTiTHm IS iiHSTlIH, PlllliIBELPiilA AND OTHER
11
1S6#
120
WASHINGTON.
pref
2.700
283.000
2,563.600
41#
133*
Schuylkill Navigation.....
do
185
do
....
CANAL STOCKS.
95.'X0
193.0 €
1,736.5(0
283.100
56,100
42.500
Wilming.A Baltimore.
United N. J. Companies
West Chester consol, pref
West Jersey
Lehigh Navigation
Morris
266.3)0
36,500
•••
no
MISCELLANEOUS.
541.9C0
iS9,4X
1.018.300
653.500
2.970.9X)
1.045,600
1.951.9(H)
8,263,000
8.091.JC0
3,331 3 J0
3,’.17.301)
1.952.3J0
2,271.1(0
2.j*61.5(0
1,041 300
2,0.0 3,jo
2.785.00C
2.0; 13.OCR >
10,207,0. 0
1.669 6 0
2 1-9.9 jo
2,’.0».400
1,26!,6(0
3.320.100
109
Par.
RAILKOAI- BOND'.
...
Philadelphia & Trenton
Delaware
2,970.400
2.33U.9J0
1,309,000
315 7(H)
1,098,SCO
Philadelphia & Reading
6 SI,9 OP
2.1,5.000
5.051,40C
6,132.600
7.966.9(0
902 900
1.183.900
804.000
1.109.8 M)
2.316.700
961,3.0
706,600
661,200
1 OSU.IOO
Philadelphia & Erie
270,000
1,431.500
10,069.100
90
.
.
47
Phlia.,
2,8)9,000
4,022,700
1,115.800
.
35
33
41#
;U#
12#
Pennsylvania
186,100
162. OX
7#
.
110#
iw#
109#
103# 109
HI# 112
110
uo#
111)
11096
....
Norristown
North Pennsylvania
7.5X
106#
Balt. A Ohio—Strck
100
do
Wash. Branch..UX)
do
Parkersburg Br. 5(
Northern Central
50
Western A1 ary land
50
Central < 'hio
50
Pittsburgh A Connelisvllle. 50
6s, 1900,A.AO.
6s,gold,1900, J AJ.
10
Cen.Ohlofis, lBt M.,1890,M.AS.
W. Md.6s.lst M.,(gr)’90,J.a J
*8'*
do
IstM., 1690. J.A -J.
41# 41 %
do
2d M., (gii“r.) J.AJ
83
3-#
do
2d M.. (pref.)
14
45
do 2dM.(gr.by W.' o.)J.AJ
45
4)#
do
68. 3d M , (guar.) J.A J.
9b
100
Mar. A Cm. 7s, F. <v. A., 1592...
45
•
Nesquehonlng Valley
Circula¬
tion.
798.300
532 7i0
.
Minehill
|3.2il.0U;
5.281.200
5.427.000
5.136.0(0
3.323.8 0
11.196,3(0
1,243.3(0
601,000
.
35
..
1877:
.
.
no
98
109
110
109
108
39'“ Balt. A
29
23
Huntingdon & Broau Top
do
do
pref.
Lehigh Valley
Little Schuylkill
Le^al
Net
Tenders. Deposits.
37#
80
do
prel
do
New pref
Delaware & Bound Brook
East Pennsylvania
Elmira* Williamsport
do
ore!..
AVRRAGR AMOUNT OF-
Loans and
Banks.
Capital. Discounts. Specie.
New York
f3,(K)0,00(
$9 302,200 11,562 6C0
Manhattan Co
2,050,000
6,643.800
4)2.0 0
Merchants’
3,000,000
7.64!/iC0
■;y5,600
Mechanics’
2,000,000
6l498,’*lH)r
363,500
Union
1,590,000
4.423.000
5J4.400
America
3,000,000
8,959.406
1.450,600
Phcenix
1,000.000
2,^83.000
515.ai 0
City
1,000,000
5,1-9,200
l,4i;0,3i C
Tradesmen’s
1,000,900
3,0 78,000
2C3.SC0
Fulton
600,000
1,12.1,400
193,210
Chemical
300,000
9.143.4(0
1,007,100
Merchants’Exch...
1,000,000
3,477,800
481.500
Gallatin, National..
1,500,000
4.1I4.6U0
436,500
Butchers’ADrovers’
1,406.000
500,000
61,000
Mechanics A Traders
1 612.900
600,000
SI,100
Greenwich
200,000
777.500
Leather Manuf
600,000
3.121.40;)
510,300
Seventh WTard....
300,000
325.100
91.400
State of N. York..
Bf'O.OOO
1.91(1.1(0
816.4(0
American Exch’ge.
12.231.(00
5,000,000
1.268,000
Commerce
19.33 i.500
10,000,000
1,5.0,400
1,000.000
60.500
5,021.100
Broadway
Mercantile
3 212,600
1,000,000
277.500
Pacific
422,700
29.U0
‘2.145.600
Republic
1,500,000
339.900
3,24 -.5(0
Chatham
450.000
2,933.000
212,400
People’s
412,500
1,246.700
5,8.0
North America
1.000,000
2.36 MOC
122,300
Hanover
1.000.000
S.429.(iOP
2.1.0(0
Irving
500,000
1.961.00C
1)1.000
Metropolitan
3,000,COO
12.03 3.000
1,568,(00
Citizens
103 l 'X
euo.oco
1,641.500
Nassau
1,000.000
2.269.030
63.70(1
Market
1,000,000
2.797.719
271.9(1)
St. Nicliolae
i.onu.ooo
62.700
2.281.900
Shoe and Leather.
1,000,000
4,169.100
131.400
Corn Exchange
1,000,000
98.6X)
2.899.500
Continental
3.0 >3.900
1,500,000
137.1(H)
Oriental
300.000
8.400
1,244 2X'
Marine
400.000
242.100
l.SOl.UO
Importers’* Trad’rs 1,500,000 17.7 5 KU
1.1.-5.2U0
Park
Mech. Bank’g Asso.
Grocers’
North River
East River
Manufact’rs’ A Mer.
Fourth National....
Central National...
Second National....
Ninth National
First National
Third National...,.
railroad stocks.
Camden As Atlantic
do
do
prel
Catawlasa
shows
for the
Mar. 17 ;
RAILROAD STOCK L
....
$2 612,175 64 $3,223,761 29
$2,2s9,402 43 $3,325,953 59
72,365,142 65 43,416,517 09
72,687,815 80 43,341,334 79
107
90
...
....
765.528 92
827,592 50
532,399 25
191.203 06
228,851 95
60
112
\m 113
1(4
112
...
357,397 61
395,368 66
76,920 64
1,512,767 48
103
—
-Payments.
Gold.
Currency.
$156,612 G3 $4i7,666 65
Gold
304,000 *
366,000
288,000
22..
23
“
follows:
as
Ask
Ill
1887....
6s, 1890, quarterly..
5s, quarterly
hi# Baltimore 6s, 1834,quarterly..
do
63,1686, J. A J
do
6s, 1890, quarterly..
do
6s, Park/1890, Q— M
do
68. H93. M.AS
do
68, exempt,’98,M.& S
103
do
68,1900, J.
do
6a, 1902, do
Norfolk Wat*-r,8s
15 ■25. ’82-92 1.0
do
68, new
Allegheny County 5s, coupon.
Pittsburg 4a, 1913
do
5b, 1913
do
6b. told, various
do
le.Watei Ln. various
do
7s, Street Imp., ’63-86
New Jersey «s, Exempts, var.
Camden County 6a, various....
Camden City 6a
do
do
do
7s,
Delaware. 6e,
do
Harrisburg City 6s,
do
6a. exempt.
do
do
i6 is :6V
6s, 10-15 1877-82.
do
Bid.
Maryland 6s, defence, J.AJ..
do
102
do
The transactions for the week at the
Custom House and Sub
Treasury have been
var 101
cur. var..
do
Philadelphia 6s, old, regUi’d.
—
95#
95#
955^
95#
95 #©
SECURITIES.
BALTIMORE.
STATE AND CITY BONDS.
5.16#©o 14#
*
Bid. Ask
PHILADELPHIA.
5.1‘i#@5.14#
40At
94#
94#©
94X®
SECURITIES.
days.
4 84#@4.85
4.84 ©4 8414
5.1P%©5.1H%
5.18#©5.16#
5.18%©5.16 %
(guilders)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
3
4.8‘>;@4 8654
4.80)4©4 85,#
t And interest.
If 2#
10’^
115#
1(6
105
P'S
UM
1‘4#
50
22
•
•••
....
>06
103 X
...t
....
....
....
23
GENERAL
Bid. Ask.
BXCUBmiO.
are
quoted
on a
State Bonds.
.•••
....
....
....
*
*
*
*
....
~n
11
11
....
iib
102
Georgia 6s
Istmort
do
do
Income
Joliet A Chicago, 1st mort...
Louisiana A Mo., 1st m., guar
St.Louis Jack.A Chic.,1st m.
Chic. Bur. A Q. S p. c., 1st m.
do
ao
consol, m. 7s
37
37
37
37
.!!!
....
109% no
104
do
7s, new bonds....
do
78, endorsed. ...
do
78,gold bonds... 106%
Illinois 6b, coupon, 1879...
War loan
do
..
•
*
•
•
Kentucky 6s
previous
do
•
do
ib*4*k
•
•
.
2d 7s, conv.
;North. Pac. 1st m. gld. 7 8-UK.
....
.
.
.
.
...
..
....
.
.
j
Hew York State-
Bounty Loan,reg.
do
coup
6fl, Canal Loan , .877
'.878
do
Ss,
6S, gold , reg... .1887
do coup. ’887
Ss,
68, do loan.. .1883
>891
do
Ss, do
do
6S, do
do
1833
do
68,
124
....
ibb
120
i21
.
....
North Carolina—
6s, old. J. A J
18%
do
A. A O
N. C. RR
J.& J....
do
..A.A O...
do coup, off, J. & J..
do
do
off, A. A O.
45
Funding act, 866
10
14
10
0
14
1L
..
1868
New bonds, J. A J
do
A. AO....
»15
65
Rochester C. Water bd-.,
Toledo ‘.30s
Yonkers Water, due
2
2
Ohio 6s, 1881
100
do 6s, 886
Rhode Island 6s
ii‘o
993
j
do
do
endorsed
do
2d mort.,7s, 1879
102%'....
do
3d
do
7s, 1883
!U4k 105
do
4th do
7s, 1830
do
5th do
7s, 1888
101% 10!%
do
7s, cons., mort., gold bds
107
do Long Dock bonds
Buff. N. Y. A E, lst.m.,’S77..
do
do
large bds.
Han. A St. Jo., land grants
do
8s, conv. mort. 75%
Illinois Central—
Dubuque A Sioux CIty.lstm.
Indlanap. Bl. A W., 1st mort...
...
South Carolina—
...
6s
Jan. A
..
..
iob^....
July
April A Oct
Funding act, ’.866
Land C., 18>9, J. A J
LandC., 1889, A. A O...
7s of 1888
Non-fundable b^nds
..
S7
4o
45
87
..
'
Virginia—
6s; old
6s, new bonds, 1-66
6s,
do
1867
6s, eonsol. bonds
6s, ex matured coup.
6s, consol., 2d series
6s; deferred bonds
...
.
30
30
30
80
..
3*9*
District of Columbia 3.65s.
small.,
registered
72'H
72‘*
Rallrqad Stocks.
(Active prtri'usly q not'd )
Albany A Susquehanna...
Central Pacific
Chicago A Alton
do
pref
9!%
104
Chic. Bur. A Quincy.. ..
Cieve. Col. Cin. A I.
Cleve. A Pittsburg, guar..
Col. Chic. A I Cent
Dubuque A Sioux City.
Erie pref
IndiaUap. Cln. A Laf
Joliet A Chicago
Long Island
98%
86
89k
oo
Morris A Essex
Missouri Kansas A Texas.
New Jersey Southern
N. Y. New Haven A Hart.
Ohio A Ml6sl88'ppi, pref
sik
mmH
Panama
122
Pitts. Ft. W. A Ch., guar.. 97%
do
do
special. 91
Rensselaer A Saratoga
Rome A Watertown
St. Louis Alton A T. H
do
do
pref.
Terre Haute A Ind’polls
Toledo Peoria A Warsaw.
Warren
Rliscel’oas Stocks.
Am. District Telegraph...
do
do
pref.
Cumberland Coal A Iron.
i’d
do
3d
do
rtn
1st con«. gu»’
Boston H. A Erie, 1st m..
do
gnar. ...
Bar. C.RAMlnn.. lstTs.g
Chesa A Ohio 6s, 1st m.
do
ex coup
__
..
..
g.!
...
.
02*k
24
..
"5
5
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal...
Railroad Bonds.
(Stock Exchange Fl'ices >
Albany A Susq. 1st bonds 107%
do
do
San. Urb. Bl. A P. 1st in. 7s, g.
....
—
Mariposa L. A M. Co
bonds.1....
....
.
Canton Coy Baltimore....
Cent.N. J.Land A Im. Co.
American Coal
Consolidate Coal of Md..
..
93
do
do
103
HOk
111
101'k
..
...
22k
(coups, on)
8s (coups.-on)
new consols
,
■
Ala. A Tenn. Riv. 1st mort 7s..
do
2d mort. Ts
...
101k |Atlantic A Gulf, consol
!8
75
42
102
22
42
30
70
65
32
42
33
42
85
99*
Wllm’ton, N.C., 6s, gold ? coup
do
8s,gold} on.
RAILROADS. Ala. A Cliatt. 1st m. 8s, end
io
f
end., M. A C. RK
Richmond 6s
Savrnnah 7s, old
do
7s, new
*
73
95
84
32
30
Petersburg 6s
25
102
55
70
92
82
27
A
20
.
110k
75
S4
9L
85
87
60
82
82
55
Montgomery Ss
191k
191k
60
60
60
80
4
10
‘eo
56
2
20
30
97
33
i
do
stock
{Charlotte Col. A A. 1st M.7s.. 73
2
(To
do
stock....
85
Cheraw A Darlington Ss
75
East Tenn. A Georgia 6s
East Tenn. A V». 6s end. Tenn 75
92
E. Tenn. Va. A Ga. 1st m. Ts...
45
do
do
stock
1C3
Georgia RR. 7s
73
do
stock
37
Greenville A Col. 7s, guar
do
7s. not guar 35
99
Macon A Brunswick end. s
83
Macon A Augusta bo.ids..
90
do
endorsed....
do
stock
do
do
end.Savan’h.
stock
(To
do
guar...
,Carolina Central 1st m. 6s, g...
.Central Georgia consol, m. 7s.
<,
...
*90
.
80
63
55
101
mi
60
100
85
70
*92
70
70
70
35
92k
40
60
30
48
69
35
Memphis & Charleston 1st 7s.. *84*
do
do
2d 7s...
stock..
A Little Rock 1st m.
Memphis
Mississippi Central 1st
do
2d
m 7s..
5s
m.
.
Montgomery A West P. 1st 8s.
A Eufaula
Mont.
1st 8s, g., end
Mobile A Ohio sterling 8s.
do
do ex cert. 6s
do
8s, interest....
do
2d mort. 8s
N. Orleans A Jacks. 1st in. 8s
do
2d m. 8s.
Nashville A Chattanooga 7s.
Norfolk A Petersburg 1st m.8s
do
do 7s
do
2d m. 8s
Northeastern, S. C., 1st m. 8s..
do
2d m. 8s..
56
4
25
82
62
93
20
36
36
22
5
96
70
82
86
86k
95
8
*ia
do
do
do
Richm’d A
2ds,6s.
8ds,8s...
4ths,8s..
30
90
30
35
*8
65
*80
be
do
do mort. 7e
Rich. A Danv. let consol. 6s...
Southwest RR., Ga., 1st m
S. Carolina RR. 1st m 63
do
7s, 1902
do
7s, con mort..
do
stock
Savannah A Char. 1st M. Ts...
Charleston A Savaa’h 6s, end
West Alabama 2d m. 8s, guar..
do
1st m. 8a
.
FAST DUE COUPONS.
Tennessee State coupons
*
Price nominal.'
...
.
£6
46
40
80
75
,8
35
50
92
90
>00
63
13
80
90
5k
20
*0
’*)
39
35
100
35
77
99
85
90
94
50
105
78
40
40
105
84
12
86
60
7
29
84
65
95
30
40
40
26
12
99
75
85
91
83
78
98
75
69
30
95
83
64
73
90
85
38
100
.
South Carolina consol
Virginia coupons
ao
consol, coup
Memohis City Coupons
22k
40
28
60
Petersb’g 1st m. 7s.
102k Rich. Fre’ksb’g A Poto. 6s
*30
1
89
77
Orange A Alexandria, lsts, 6s.
2k
103
j 105
80
Nashville 6s, old
do
(Is, new
New Orleans prem. 5s..
do
eonsol. 6s
do
railroad, 63..
do
wharf imp'ts, 7-30
Norfolk 6s
35
70
102
10J
bonds A A B
ns
96
110
108k 109%
waterworks......
Charleston stock 6s
Charleston. S. C.,7s,
Mobile
39
f5
63
83
90
•Augusta, Ga., 7s, bonds
do
do
40
102
’
F. L. bds.
110k Columbia, S. C., 6s
n Ok Columbus, Ga.,7s, bonds
110k Lvnchburg6s
nok Macon bonds
Memphis bonds C
.
'
45
85
20
25
no
K)0
90
77
30
70
59
37
50
62
v3
109
8s
do
do
...
.
44
44
44
Tennessee 6e, old
do
6s, new
do
6s, new series
consols, Class A
Atlanta,Ga., 7s
25
25
13
48
55
63
9*2
CITIES.
..
do
do
2d mort.
Lake Shore—
Mich. So. 7 n. c. 2d mort
103%
112
Mich S. A is. lnd.. S.F., 7 p.c.
Quincy A Warsaw 8s ..
.
109
Cleve. A Tol. sinking fund
Illinois Grand Trunk.... \
)....
do
new bonds
107% 108k Chic. Dub. A Minn. Ss
5Peoria A Hannibal R.
Cleve. P'ville A Ash., old bds 105k,..
gS 100k
do
do
new bds.
Chicago A Iowa R. Bses. | 3
Buffalo A Erie, new bonds... tOi%'lOSk American Central 8s
t
104
Buffalo A State Line Ts
Chic. A S’thwestern 7s, guar..
Kalamazoo A W. Plgeoa. 'st 88 j 90
Chesapeake A 0.2d m., gold 7s
Det. Mon. & Tol.,'st 7s, 1906
106% 100)* Chicago Clinton A Dub. 8s....,
108
Lake Shore Dlv. bonds
Chie. A Can. South 'st m. g. 7s.
15
do
Cons. coup., 'st. 106
7
107% Ch. D. A V.. I. div., lstm. g.Ts.
i«b
Cons, reg., 1st.
44 }4
<*•
I Chic. Danv. A Vineen’s 7s, gld 43
do
Cons, coup., 34..
kCol. A Hock V. 1st Ts, 30 years, two'
4-k»
9b
do
Cone, reg., 24
do
1st 7s, 1U years, 95
44k
107
Marietta A Cln. 1st mort.
do
2d 7s, 20 years.. 85
■ios
102
Mleh. Cent., consol. 76, 992
74
OonnepMcut Valley 7s
1st in. 8s, 882, s.f.j ...
do
Connecticut Western :st7s.... 26
do
Chie A M4ch. L. 6h. 1st °s, ’89. t60
equipment
New Jersey Southern 1st m. 7s' —
30
do
do
consol. 7s
es Moines A Ft. Dodge 1st 7s.
N. Y. Central 6s, 1883
40
Det. Hill-dale A In. RR. 8s
103
do
08, 1*87
Detroit^ Bay City 8s, guar.. *+ 65
do
102
68, real estate...
| Det. Lans. A Lake M. 1st m. ds 25
l< 2
do
do
6s, subscription,
103%!
2dm.Ss.i
do A Hudson, >st m., coup ii5k
Dutchess A Columbia 7s
I 13
do
do
Denver Pacific 78, gold..
8tm., reg.. 115%
79
Hudson R. 7s, 2d in., s.f., 1885 114
Denver A Rio Grande 7s, gold. 40
Evansville A Crawfordsv., 7s..! 99
Harlem, 1st mort. 7s, coup... UHk
118
do
do
7s. reg
Erie A Pittsburgh 1st 7s
• 100
95
98
North Missouri, 1st mort
do
2d 7s
SO
83
Ohio A Miss., consol, sink. fd. 87
do
is, equip...! 75
do
88
Evansville Hen. A Nashv. 7s...( 45
consolidated.... 87
99
50
do
2d do
51
Evansville, T. II. A Chic. 7s.
*75
do
1st Spring, dlv..
Flint Pere M. 8s, Land grant... >80
90
Pacific Railroads—
Fort W., Jackson A Sag. 8s, ’89 *50
3
Central Pacific gold bonds
Grand R.A lnd. 1st 7s, l.g., gu.j 98
105% 106
52
do San Joaquin branch ! 91
do
lst7s, I. g., notgu. 85
i7k
do Cal. A Oregon 1st J —
do
1st ex 1. g. ,8.' 53
110
do State Aid bonds. ..'107
Grand River Valley 8u, st m.. t...
96
do Land Grant bonds..'....
Hous. A Texas C. 1st7s, gold.. 78
Western Pacific bonds.
do
consol, bds..
j 101k 102
82%
Union Pacific, 1st mort. b’dsil04
Indlanap. A Vincen. 1st 7s, gr.. 77
do
Land grants, 7s. 102%
Iowa Falls A Sioux C. 1st 7s... t87
1
do
Sinking fund... 92% 93
152
Indianapolis A St. Louis 7s
65
Pacific R. of Mo., 1st mort...
9~% Houston A Gt. North. 1st 7s,g. 64
do
2d mort
International (.Texas) Istg...
127
65
do
Int. H. A G. N. conv. 8s
Income, 7s.
33
98%
do
IstCarou’tB
Jackson Lans. A Sag. Ss,lst m t90
Penn. RR—
Kansas Pac. 7s,g.,ext. M*N,’99
Pitts. Ft. W. A Chic., Istm.. 120
do Ts, g., I’d gr.,JAJ,’80 55
Ha
Ha
XIAG
do
do
2dm..
do to g.,
is, or
do MAS,’86
do
3d in..
do
do 6s,gold, J.AD., am
15
46
Cleve. A Pitts., consol., s.f.. ii*3*
do 6s, do F.A A., :895.
63
do
do 7s, Leaven, br., ’96..
4lhmort....
196% 197
Col. Chic. A lnd. C., 1st mort 30k 32
do Incomes, No. n
"2
do
do
2d mort
do
do
No. 16
2
Rome Watert’n A Og.,con. 1st
do
Stock
70*
*1%
St. L. A Iron Mountain, 1st m.
Kalamazoo A South H. 8s, gr..
do
do
2d m..
Kal. Alleghan. A G. R. 8s, gr
94
St. L. Alton A T. H.—
Kansas City A Cameron its.
!00
Alton A T. H., 1st mort
Kan. C. St. Jo. and C.B. 8s of ’85
do
2d mort.,pref..
do
do
8, of ’98
do
2d mort. inc’me
Keokuk A Des Moines l«t 7s.
75
Belleville A S. Ill.R. 1st in. 8s 80
do
funded int. 8s
Tol. Peoria A Warsaw, E. D... 85
do
pref. stock... 20
do
do
W. D..
L. Ont. Shore RR. 1st m. g. 7s.
90
200
do
do Bur. Div.
Lake Sup. A Miss. 1st Ts, gold.
18
do
do 2d mort.. 30
Leav. Law. A Gal. 1st m., 10s.
25
do
do consol. 7s
35
4
| Logans. Craw. A S. W. 8s, gld.
Tol. A Wtbash, lstm. extend.. i02
193
Michigan Air Line 8s
63
do
ex coupon
88
89 I Monticello A P. Jervis 7s, gld.
do
istm.si.L. div.
74
74k Montclair A G. L.Ist 7*.
75
do
2d mort
68
do 2d m. Ts (old Mont, lets)
69 k;
8K
*lo
enuin’t bonds,
Mo. K. A Tex. l.gr. 7s ass ntea
do
con. convert...
do
2d m. income...
48
16
Hannibal A Naples, 1st mort 36
Mo. R. Ft. S. A Gulf 1st m. 10s.
45
Great Western, 1st m., 1888.. 101k
*
do
ex coupon....
88
89
Price nominal,
do
2d mort., 1893. 68
t And accrued Interest
new
do
do
Class B
South Carolina new consol. 6s.
Texas *8, 1892
M.*S
do
7s, gold, 1904-19 0 J.AJ.
do 7s, gold, :892
J.<vJ
do IDs, 1881
J.AJ
do 10s, pension, 1894.. J.AJ
'95
...
(■
do
do
2d dlv.
Cedar F. A Minn., 1st mort..
Bur. A Mo. Riv., land in. 7s...t 1090.
do
3d S., do 8s.. f 10hk
do
4thS.,do8-...t,108k
do
5thS.. doSs.. .tllOSk
do
6th S.,do Ss.. .+ 108k
’
Bur. C. R. A M. (Mil.) g. 7s
22
Cairo A Fulton, 1st 7s, gold.,.
California Pac. RR., 7s, gold
do
68,2d m. g.
Canada Southern, 1st m
48
do
with Int. certils 45
Central Pacific, 7s, gold, conv. 94
Central of Iowa lstm. 7s,gold. 32
Keokuk A St. Paul 8s ...'
t 100
Carthage A Bur. Ss
s.f 100
Dixon Proria A Han. 8s.
0^+
O. O. A Box K. Valley Ss
■e
Alabama
110
112
104
no
111
101
29
10
20
STATES.
97k
100
107
18
Southern Securities.
(Brokers' Quotations ')
106
1303+ 109%
RAILROADS.
Atchi-on A P. Peak, 6-, gold..
A'l aitic A Pacific L. G.; s, gld
Atchison A Nebraska, 3 p. c...
..
4
Class i
Class 3
Water 7s
Oswego
Poughkeepsie Water..
.
10k
Special tax, Class l
do
do
do
Erie, 1st mort., extended
.
do
Long Island City
Newark City 7s
70
50
St. Louis Vandalla A T. H. 1st. *95
do
2d, guar •65
St. L. A So’eastern 1st 7s, gold. 34
St. L. A I. Mt. (Ark. Br.) 7s, g
55
South. Cent, of N. Y. 7s, guar. 100
55
Union A Logansport 7s
Union Pacific, So. branch, 6s,g 54
Walkill Valley 1st 7s, gold
West Wisconsin 7s, gold. ..... *5*0*
Wisconsin Cent., ’st, 7s
25
Mercant. Trust real est. mort.7s
111
98
95%
99
100
75
37
60
.
.
100
109
103
95
105
.t 105
..+
t 109
t 111
f 102
+ 109
..
....
. .
+
t
1885 93
Indianapolis 7.80s
do
do
7s, conv. 193k.....
Morris A Essex, st. m
nek
do
2d mort
do
bunds. 1900
do
construction,
100k
do
7s, of .871
91
! 92k
1st con. guar.
do
do l&SJ.
do
do
Hartford 6s
JS*
95
100
Sandusky Mans. A Newark Ts.
102k
t HOk 112
Elizabeth City, 1880-95
•
•
6
1
13
...
OITfES.
99
107
107
107
107
108
ioy
13
12
25
5
8
10
Omaha A Southwestern RR. <3s
98
guar ....
'60
iPeoria Pekin A J. Istmort
40
,Peorla A Rock 1.7s, gold
Port Huron A L. M. Ts, g. end.
15
Pullman Palace Car Co. stock. 73
I
do
bds., 8s, 4th series 80
Rockf. R. I. A St. L. 1st 7s. gld 14
Kondont A Oswego *8, gold...
Sioux City A Pacific 6s
t54
Southern Minn, construe. 8s... 59
06
do
7s, 1st
St. Jo. A C. Bl. 1st mort. 10s...
70
do
do
8 p. c.
Oswego A Rome 7s,
.
i
do
I
,
do
7s, sewerage
t
do
t
7s, water
do
".s, river improvem’t t
do
7s, various
+
Cleveland 7% Jong.
+
Detroit Water Works 7s
.t
8
9
20
1
3
[N. Y. A Osw. Mid. 1st 78, gold.
.
...
coupon
Albany, N. Y., 6s
Buffalo Water, long
Chicago 6s, long dates
m.
.
114% 114%
107k
107M 107k
95% 97
Chicago, Rk. Island A Pacific.
do
S. F. Inc. 6s, ’95 102k 103
94%
96
103k
Central of N. J., 1st m., new...
91
do
Istconsol
do
"im 53k
47
91
do
do
con. conv...
47k
Long Island RR., let mort.
Lehigh A Wilkes B.con.gua
'37
South Pacific Railroad, 1st m.
Am. Dock A Improve. bond>
69k
.St. L A Sau F., 2d in class A.
Ch. Mil. A St. P. st in. 8s, P.D 114 k
96
do
do
class B.
2d m. 7 810, do
do
do
do
do
class C.
do
7s, gold, K. D.
i do
South Side, L. I., 1st m. bonds.
1st 7s £
do
do
do
‘
do
do
1st hi., La C. D. 98k mi I
do
sink. fund...
86
105
Western Union Tel., 1900,coup 105
1st m., I.A M.D. 85
do
do
105
do
do
do
do
1stm., 1. AD..
reg....
83 k
do
do
1st m., H. A D
1st m., C. A M..
do
do
9744
miscellaneous List,
1st m., consol..
do
do
8ik
(Brokers' Quotations.)
90
2d m.
do
do
do
•
Bid. Ask.
10s.
N. Haven Middlet’n A W. 7s.
N. J. Midland 1st 7s, gold
do
2d 7s
New Jersey A N. Y. 7s, gold...
Han. A Cent. Missouri, lstm
Pekin Linc’ln A Dec’t’rjstm
Boston A N. Y. Air Line, 1st m
Cln. Lafayette A Chic., 1st m
Del. A Hudson Canal, 1st m.,’91
do
do
1884
do
ao
1877
do
do coup. 7s, 1894
do
do
reg. 7,1894
....
*
ex
par may be.
SECURITIES.
Mo. R. Ft. S. A Gulf 2d
Lafayette Bl’n A Mis-., ’.st m
,..
"
Bid. Ask.
linofs A So. Iowa, m., *90
Sulncy A Toledo, 1st1st mort
108
6s, new
6s, floating debt 8*8
Chic. A N. Western 6lnk. fund. 108
do
7s, Penitentiary 38
do
int. bonds. 105
do
38
do
6s, levee.
do
coneol. bds 104%
do
38
do
8s, do
ext’n bds.. 100
do
do
do
8s, do 1875 — 38
106
1st mort..
do
do
do
8s, of 1910
do
do
cp.gld.bds. 87k
do
7s, consolidated
do
do
:
reg. do
do
7s, small
Iowa Midland, 1st mort. 8s...
10*1%
Michigan 6s, 1878-79
107
Galena A Chicago Extended. 100
do
103%
j
6s, 1883
Peninsula ist mort., conv... 102
do
7s, 1830
115%
r
107
Chic. A Milwaukee, ’st mort 1G6
101
Missouri 6s, due 1877..
1
Winona A St. Peters, 1st m...
do
do
1878
101%
do
2d mort.
Funding, due 1834-6.
108
Long bonds, due ’32-’30. UT% K’5%, c. C. C. A Ind’s 'st m. 7s, S. F.. 107
eonsol. m. bon .s
do
Asylum or Un.,due 189^.
Del. Lack. A Western, d m.
105% 106k
Han. A St. Jos., due 1886.
do
.
NEW YORK.
the per cent valuet whatever the
8*
Louisiana 6s
’
page.
SECURITIES.
114k
107
107
BONDS IN
Brices represent
Ask
Bid.
SECURITIES.
Chicago A Alton sinking fund.
Alabama 5s, 1883
do
5s, 1888.
do
8s. 1886.
do
8s, 1888
do
8s,M. AE.RR..
do
8s, Ala. A Ch.K.
8s Of 1892
do
8s of 1898
do
Arkansas 6s, funded
do 7s, L. R. A Ft. S. lss
do 7s, Memphis A L.R.
do 7s,L.R.P.B. AN.O
do 7s, MIbs. O. A R. R.
do 7s, Ark. Cent. RR...
Connecticut 6s
AND
QUOTATIONS OF STOCKS
TJ. 8. Bonds and active Railroad Stocks
do
do
(Mar h 24, it 77.
THE CHRONICLE
270
25
25
90
90
45
75
20
82
35
.
J
75
95
00
45
30
15
35
35
92
92
52
85
30
8%
45
-
M; nh
24,
77
i
j
THE CHRONICLE
271
NEW YORK LOCAL SECURITIES.
Bank Stock List.
not
(*)
<
J Amouni
a.
America*
ux J
Bowery
10C
U
2c
101
25
10C
25
l(X
101
Central
Chatham
Chemical
Citizens’
City
1875
.
Avenue*
First
Fourth
Fulton
Gallatin
Ger. American*..
Ger. Exchange*...
Germania*
Greenwicn*
600,000
100
100
I
& J.
24
10
10
8
10
100
M. & S
l. & J.
J. & J.
J.& .T.
Bi-m’ly
100
30
3
50
100
i
1
100
25
[
Harlem*........
100
& Traders’ 00
Import.
Irving
Island
City*
[
Metropolitan
Murray Hill*.
Nassau*
New York
New York Countv
N Y. Nat.Exch..
N Y. Gold Exch.*
Ninth
North America*...
North Rlvei*
Oriental*
Park
Second
Shoe and
Sixth
State
of
1,090.00c
500,00c
3,0:(U>O.
1,000,00c
500,0CK
200,00
1,000', 00
200,00
300,00
N.Y
90
5
8
10
9
9
8
8
4
8
6
14
1,000,00
1,500,000
200,00(
8
10
10
8
.
Companies.
Nuv,
76. .4
l«n. 2. ’77 ..4
1,
Jan.2, ’77..
7
Gas Light Co
Citizens^Gas Co (Bklyn
do
'jertitlcates
25
20
•
•
.
•
<;
Manhattan
10
Metropolitan
do
certificates
do
b n s
Mutual, N. Y
•37
‘
•
•
•
•
Lamar..
•
•
Lenox
.
9
8
,
...
....
75
76"
.
....
.
•.
,
.
1(0
.
«...
2, ’77...5 r.3
1, ’77...4
^.
.
•.
f
^
VU
10
Nassau, Brooklyn
do
People’s (Brooklyn)
do
do
do
do
Central
of
bonds.
700,000
4,000,000
1,000,000
325,000
certificates..
New York
Williamsburg
do
scrip
Metropolitan. Brooklyn.-.
10-.C
Feb., ”77
Jan., ’77
Safeguard
3>,
M
M
J.
F.
O t.,
4
*7f).
Feb.,
1
1.
’77.
’76.
"7.
f
’77.
12k Jar..,’ 77,x
3
Jan., ’77
3k’Nov., ’.6.
&N.
&N.
& J.
5
Nov., ’76.
3k Jan.,
76
& A.
....
300,0(10
4S6,(KH)
1,000,000
1 000,000
110 1,001V IM
F, & A.
3k
2k
3k
Jk
J. & J.
M. &N.
Feb. 1 ’77.
Jan
*77
Jan., ’•7.1
Nov.. 76.1
1st mort
Brooklyn Oily—stock
1st
mortgage
Broadway (Brooklyn)—stock...
UO
lOOO
100
1000
10
1000
i:0
! 9
73
,
90U.I* u:
»
694,000
J. & J.
J. & J.
2,100,000
1,500,000
7
200,000
A Hunter’s iV-stock.
’.(XI
40",000
mortgage bonds
1000
3'XJ,000
°U8hwick Av. (B’klyn)—stock....
LO.', 00
Antral Pk, N. A E. River—sto<
IOC'* l,8i 0,000
Consolidated mortgage bon "s
10(!(‘
Dry Dock, E B. A Battery—stock too 1,200.000
1,200,000
1st mortgage, cons’d
90C>.iXX)
Eighth Avenue—stock
LOCI 1,000,000
1st mortgage
UHX*
203,000
l2dSt. A Grand St Berry -stock.
10c
Brooklyn
1st
7
3
3
7
J.& J.
1888
r
63
1st
mortgage
Central Cross 'lown- stock
1st mortgage
Houston. Wist st. A Pat. Ferry—sit
1st mortgage
Second Avenue—stock.
1st
mortgage
3d mortgage
Cons. Convertible
Extension
Stzlh Avenue- stock..
1st mortgage
Third Avenue—stock
1st
mortgage
Tirenty-thira Street—sVock
1st ir^rt.gMgp
1(100
100
IUIN
1
5u(J
10
1000
toot
748,000
236,000
560,000
200,000
2-50/00
500,000
1,199,500
2-0,000
150,000
770/HX)
200,000
7 5(1,(XX
415,000
•..
10.UXXf
1U
KXK
lfx
7100
2,000,000
2
000,000
6011,000
...
J. & D.
.
.
K0
133
51
96
90
95
115
102
84
12
90
160
75
90
.
Jan., ’77
7
2
J.&D
J.& 1.
J. & J.M.&N.
Feb., *77
6"
Q-F.
Jan
1895
,
7
5
7
A.&O.
’77
Nov.. ’76
1873
.
.
to
..
35
85
89
100
155
100
!'0
& J.
Q.-F.
J.&D.
A.&O.
M.&N.
A.& O.
.
.
1885
1888
t
M.&N.
5
J. & J.
4
1390
Q-F.
5
Feb., ’77
J. & J.
& J.
J
7
4
7
•>
U;90
Feb , *77
210
105
•-
165
lro
95
100
250.000
!
M.&N.
100
Xi05
his column snows last
dividend on stocks, also date of
maturity of bonds.
July, ’76. .&
Jau., ’77. J
Jan., ’77. .5
95
8#
••••••
Jan ,77.6-2
Jan.,*77.7k
.
•
•
’77 10
7an., ’77.
•
•
•
•
•
IS5
75
*
p
*
1 JO
....
Jan ,’77..5
Jan ,’77...6
Jan., '77. .6
Jan .’77..*
12
10
10
20
10
20
lO
10
20
0
11
14
30
20
10
140
173
iif
1SS
105
•o’J
105
95
,
,
Jaa., ’77.10
Jan.,’77. .5
,
At
US
110
*77 1’77..5
Jan., ’77. .5
Jan
166
138
:«
117
712
Men.,*77. .5
•1 **n., ’77. U
J n , ’77..5
Jan
Jan
75
M
.
150
U5
5 0
110
Jan., ’77. 5
Lin., ’77...5
Jan., ’77. .5
12
1 ttt
2 &
......
Jan.,’77..10
10
*
275
Jan.. ’77..5.
10
10
*
«E
HI
80
lit
2:9
t
1"7
175
Ja''.. *77. 5
10
20
10
-
-
*
ut
:§c
.
.
.
90
ISO
13C
’77..6
U»
10
,
20
»
11
15
10
10
16
10
14
10
12
77.Fi7
156,263
10
13
192,769 10
251.583 I 14
201 500 L
L10
406 8.4 ^ *10
-
.vs.
u*.
lie
7®
'
Ian., ’77.16
Jan., ’77/23
L’2*
Ja.n., ’77.pi u.o
Jan., ’77. .5 90
Jan., ‘77.10 60
.M
Jan.,’77.10
)
Jan., ‘77.10
Jan., ’77. .k 125
*
13
inn., ’77.1fr
ISO
Feb..’77.10
,
f
:u
i&
...
*
)»
’77..-'
Jan..’77 ft
so
iX
..
1C«
1
Oct., *76..6
Jail., ’77.V) 216
Jan..’77.10 140 I
Jan..’77.10 190
Jan., 77.10
Jan., *77.1"
8k •I n .’77 3k
j
30
0
20
20
20
20
20
20
15
10
.
1035
170
..
16
20
20
**
2B
.....
...
.
..
.
.
10
Jan ’77. 5
Jan
’71..5
Ju y, 76 .5
I Ui
13
Jan., ’77.. 11 UO
25
Feb., 77. IO'
55k ar.
*77 Si 125
1<I
j Feb., *7'.
# ♦
Jan.7,6- 2*
J-n ,’77 10 125
15
10
Feb ,’77 .r.
23
Jan., ’77. Q 75*1
25
Jau , ’77.12 .65
.6
Jan ,’77. 8 1 0‘
10
Jan ’77..:*
’
9*
,
| 10
.
H
R
US
•
•
»
....
««
1
,
,
'V-.-
^1
US
»c
lid
«*
171
IVi
.
,
-
Continental, 11*45; Standard,
11££.
City Securities.
nikl A. Moran.
Broker, 40 Wall Street.1)
New York:
Water stock
5
Feb., May Aug.& Nov.
1841-63.
do
1854-57.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ct stock. 1865.
do
pipes and mains...
do
reservoir bonds
Central Paik bonds. .1853-57.
do
uo
..1853-65.
Dock bonds,..:
1870.
do
175.
Floating debt stock
I860.
Market stock
1865-6h.
lm,»i ovenieut stock.... 1869
do
(.o
1869.
Conaolliatea bonds
var.
Street imp. stock’
var.
do
do
var.
6
5
6
6
do
6
5
do
do
6
do
do
May & November.
I
6
6
Feb.,May, Atig.& Nov,
7
May & November,
6
6
i»v
...
.
do
N. 1‘.
1*89 1379-90
1901
1888
do
1879-82
1696
1691
..
•Ah Broo<ive bonds flat.
>
January
1869-71
1866-69.
Assessment bonds.. 1870-71.
Improvement bonds
7
7
7
7
1868-69.
July,
do
do
ao
do
do
do
do
do
liri
10X5
h-fl
100
11*3
106
lhl
{•<
•At
W
>,
lot
134
Nn
10.5
11C
102H
in
11
.as
117
104 k
108
l(«
(06
17ft
m
‘vail sr,.|
n
1876-80
1881-95
1915-24
1903
1915
May & November
1992-1bF.
1881-95
Id
1 6kJ
11’’ k
u«k
1 6
107
kik
47
u#x
.175*
(t
ua
till
1>7
1 *7
do
•
1
i«t
i*ft
Montgomery St., Jeisev City,]
January & July.
January & Jiuy.
do
do
Jan., May, Julv & K1ov.
J. & J. and J & D.
.lumt
1680-S3
lift
m
P9I
.
1924
iw7-::i!
do
6
6
[Quotations by C. Zabri
City—
Watei loan, long..
6
do
&
do
do
do
do
Jersey
Sewerage bonds
•5
13
12
•
7
7
7
7
7
6
6
7
A
dg’
1878
18U-97
l’» k
•,:S
li t id
: S
!t (i
1901
19l^
do
do
do
do
HKKKrt,.lr„ Broker. ik
100
b-0
1377-95
do
7
6g.
j
1877-80
1877-79
1890
183:1-90
1*84-1911
1834-1900
1>.X)7-11
1877-98
do
do
do
do
7*"
Kings Co. bonds
Bereen bonds
do
do
do
do
Bid.
Bid.i.l- C
May & November.
Feb., May Aug.& Nov.
I
New Consolidated
Westchester Gount.v
■in
do
do
do
Pstcx
Bondsdue.
Months Payable.
i'V
r*
>
1
•
t-i-»
...
125
.5
-
(M
IU
......
Jan., *77..«■■
Aug.,’70..
Jan., ’77/ *
J^n., V7.I5
Jan..’77..iu
Jan,*77.10
>0
25
10
10
12
>0
v>
10
11
20
12 k
10
11 6
12 k
10
20
20
16
10
20
-
UO
......
10
11
!U
10
9k
T
119
•
Jan., ’77..6
20
r
5
.
13>
INTERK8T.
Bridge bonds
92 k
’33
OV., *76
10
iT"
3MC
2m
vm
m
209
180
155
145
fO
J«n. .*77.. 10
,
itir
100
200
85
Feb./’77.. 5
Feb..’77.10
Jan..’.7 .1C
Feb
.
20
20
20
12
20
20
89
,
Oct., '76.15
Jan,,’77 .7
July, ’76 .5
15
0
12
10
10
SO
'0
40
Kate.I
» r
O^t.,
.
tot
*
100
,
15
10
10
10
18
55
.
M
km*M
70
Jan.. ’77 *
Jan ’7L.5
Jan ’77. .4
Jan., .7..5
Jan.. ’77. .5
l er.,’76. 0
30
14
10
20
19
10
12
10*
•20
10
10
10
10
12
'2
13
10
20
20
20
10
10
16
10
10
14
JO
10
10
10
12
30
20
20
18
10
31.98'
219.497 20
5
tSw.S3»
51,5(0 10
6
16-/250
157.f-W
5
50
[Quotations by Da
Park bonv’s
95
9J
•
30
14
10
15
12 v.
5
.8
Jan., ’77.
Feb., *77.10
Jan.. ’77.[O'
10
10
‘25
9*81
.
!()
10
10
10
7 k 10
5
15
7
7
10
10
10
20
20
20
10
10
10
io 10
15
13
7
10
10 * 10
10
10
20
20
10
10
5
10
7
17
20
20
20
20
10
20
20
18
20
20
20
20
10
20
13
20
14
10
r2’,2i5
836,316
13,. 9!
67.987
*I»?/'7'J
3,270
200,000
2(K),000
200,00)0
200,000
150,000
250,000
300.000
Waver loan
uity oonas
80
*77 x70
1877
U'O
’£9.085
2 9 330
H Includes $V50 scrip.
do
P..rk bonds
Water loan bonds
102 k
July,1894
,
22.6301
516,937 10
132.714 12
41'.0;6 20
200/00
10'
20
12
2.0,649
150,000
1,000,000
200/ 00
200,000
300,000
..
Jan.,
125.4!!
229,5(3
132,342
341,235
200,000
21X1,000
20",080
21X1,00X1
[Quotations
S7k
12 ‘
7
2
7
7
7
315.907
184,244
65,715
150.000
Brooklyn- Local lmpr’em’c
City bonds
50
j.
£07,112
i04::
...
2k
;10.293
185.46'
20X1,000)
251
5
20
30
20
20
20
10
10
Bid.
r
104
-
188,853
'8.175
200,000
200,000
200,000
210,000
200, (XXI
25
30
Jan ,’77
Pricte.
20
J in.. ’77.lh •(V)
20a
Over all liabilities, includiig re-ir. sura
nee. capital and
profit crip. 11m luttas
$326,190 .’Crip,
t Includes $150,000 scrip.
II Includes $200,0(0 scrip
5 InchkJ
145
1 5
190
-T
200,000
65,593
161,503
132,772
•
$U1,64: scrip.
70
100
1872
a-i.. ’7.
Oct , ’76
4
61,099
[| 317.569
2 4,836
§29^,663
221“
96
2k Nov., ’76
Tradesmen’s
United States
Westchester
Williamsburg City.
ICO
102
|
1880
Jan , ’77
1884
^k
J.&D.
Q-F.
M.&N.
Q-J.
2,000,000
300,000
Sterling
87 k
[Quotations hy H. L. Grant,
Broker, 145 Broadway.]
Let
St.Nicholas
’.68
!5
93
xl05
160
xai?
1(0
xh 3
1(12
103
XS0
95
130
47
90
34
4' ,293
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
100
25
100
25
50
ICO
180
25
Stuyvesant
dividend.
19", 623
110,09
200,000
50
Standard
Sfrar
Bid. Askd
1,002.764
350,000
200,000
100
100
10
5
57,663
112,297 20
509,394 10
105.6 6
10
8
10
10
10
20
11,184
10
25
15
10
8
10
0
20
!0
20
20
23
14
15
7n
Q
30
17
20
17
10
12, .07
10
18,275 5
13
171.951 5
544,C.5 8k 10
510;S22 20 30
10
111.00s 10
’.0
6,(78
:0
IS?,469 10
10
155,232 10
13
108,464 5
10
1«,653
10
105,001 10
10
4,857 5
10
651,837 4
691,800 10 10
135,042 12 k 15
317,639 2) 50'
2)0,000
l'ti
Ridgewood
Rutgers’
Last
5
Jan.,
5
('ec.,
5
Feb.,
3 k Feb..
8* J an.,
1,000.000
scrip
New York
Rate.
Cooper.
People’s
10
‘2*9.251 20
*4*9,0 19 10k
19',! 61) uk
172.151 10
200,000
10
50
UX)
25
50
25
1(K)
100
25
50
50
50
50
50
25
100
20
50
50
Resolute
--
200,000
153,000
300,000
210,000
250,000
300,000
200,000
200,000
1,000,000
300,000
200,000
‘200,000
200,010
200,000
204,000
150,000
150,000
200,000
150,000
500,000
200.000
20
f
28,806
8(6,910 20
500 (XX)
Fark
Peter
336,987
200.000
.
10
20
109,186
8,COO.OOO
25
Republic
t.
w
Niagara
North River
..
..
200,000
300,000
500,000
National
37k
N. Y. Equitable....
35
New York Fire
100
N. Y. & Boston
100
New York Lily.... l(Xi
Phenix (B’klvn)
Produce Exchange
Relief
.
•
t
(B’klyn)..
Pacitlc
....
2. ’77...5
.
Mercantile
.
200,000
..
....
....
Mechanics’(Bklyu)
Nassau
200,000
200.000
500,000
200,000
200,000
200,000
200,000
150,000
...
•
....
...
Long lsland(Bkly.)
Lorillard
Manuf* Builders'.
Manhattan
Mech &Trad’vs’....
Merchants’
Montauk (B’klyn).
..
....
Jan .2*74.2kg
Ju y i,*76\ 4
Jan. 2,T7...5
Nov. l.’76.. i
/Jan 2.’77..4
8
10
.
lie*
.
.
2,’77...3
Lafayette (B’klyn)
;
•
....
Feb. S,’77 3 *
Aug.14 *76 .4
Jan.
Jau.
Jan.
Jan.
Knickerbocker
•
•
....
•
Kings Co. (B’klyn)
•
115
70'
3
Jefferson
....
•
133“
•
Importers’* Trad..
Irving
*
112
.
•
Howard
•
77,195 10
5,245
5
10,451
1,0(10,000
50
50
1(X)
25
50
50
10i
30
i4
t;: q
200,000
10
10
14
10
3k
401,350
56,Sf)7
400 000
15
Hope
•
-37k
132’
.
t
8
6
12
11
8
J. & J.
5 000.000
Hamilton
Hanover
Hoffman
Home
.s-T
....
JuJy.lS’74.3k
T
A. & O.
F. & A.
J. & J.
J. & J.
M & S.
M & s
500,000
too
25
Guardian
2 0
..
5
50-1 1,850,000
336,000
50 4,000,000
100 V 00,000
1.000,000
•
-
Jan. 2,’77.. .3 114 k
Jan. 2,’77...5 130
140
Jan. 2 ’77...3
10
7
4
20
Guaranty
•
lifk
July 1, ’74.3k
Jan. 2, ’77...6
Nov., ’76...3
12
12
2,000,000
1.200,000
320.'00
Harlem
Jersey City & Hoboken
German-Amerlcan
Greenwich
•
•
17
10
10
lOo
10c.
50
50
25
UO
100
Germania
Olobe
100
....
Ian. 2.’77 ..3
Par; Amount, Periods.
Brooklyn
.
....
....
O'
Firemen’s
Firemen’s Fund—
Firemen’s Trust...
Gebhard
....
Gas and City Railroad
Stocks and Bonds.
[Ga3 Quotations by
George H. Prentiss, Broker, 30 Broad Street.]
Gas
Farragut
•
.
136*
„
24/00 r. & j.
207.' 00 j. & ,i.
422/00 i. & j.
739/0# M.&N.
74 / 00 I. & J.
•
....
....
6
3,000
12
5
-
t
.
12
12
12
10
7
F. & A.
J. & J.
J. & J.
237 HX) I. & J.
46 900 J. & J
••
68
...
....
?.&A.
•
....
186*
6* Nov.10/76 ..3 £5
10
Jan. 1, ’77...4 1)5
1
’an. 1/77...4
3k Feb. 1, ’77..4
May, ’73...5
4
8
284 200
121.'00
47 900
69 -00
•
•
....
Jan. 2,'77.3 3k Jan. 3, ’76.3k
10
Jan. ,’77. ...5
Oct i,’75. .4
10
Q-F.
•
lOoix
92
Jan. 3, ’76...5
Jan, 2, ’77...4 1 i i ‘
Jan. 2, ’77.. .5 135
May 1. ’76...3
Nuv. 1,’76 ..4
3
10
8
452100 J & J.
178 900 J. & J.
21-4.P00 J &J.
•
•
....
Ju)yi,”j5..3k
....
J. & J.
217,600
•
....
6
(6’.500
EOO.OOd
1.000,00c •
|ioo
«...
.
200.00C
40
59
Union
8
3
114
7k
.
•
....
....
8
8
7 k
10
8
8
2 : 600 ). & .T
169.30" J. & J.
1,000,00(
00|
Third
Tradesmen's
Nov 1, ’78..4
.
10
7
70
9
10
J. & ,1.
.
•
....
Ian. 2 ’77...6
Feb. 10’77..4
82 4)0 J. & J
300,(XX
900,090
May 3, *76...7
12
9
125.30
.
.
...
7
8
i‘2
27- OJi
300;00('
no
00
.
•
92k
Jan. 2. 77...S 20C"
?k Jan. 2, ’77.SM ict»k
10
Nov. 1, ’76.,-5
<k Oct. 10,’76.3X iio‘
Feb.l, ’74...3
6
May 1, ’76. ..6
J. & J.
103 100
•
....
12
10.
5.0 700 I. & J.
9:000 J. & J.
3,000,0W'
....
•
14
40, 00 M.&N.
....
,,,,
10
43.: 00 ). & J.
813.2 0' J. & J.
14 :0 A.& O.
•
-
•
Jan. >, ’77.. .3
Jan. 2, '77.3k
Mel.. 1, ’75..4
Jan. 2, ’77...7
Jan. 2, ’77.. .4
209,600 M &N.
83o,: 00 J. & J.
2:6,(00 J. & J.
1,000, (XX
10(1
too
.
•
'
•
*
...
M.
•
.
...
10
4
4
14
8!,400 M.&N.
327 600 VI.&N.
600,OH
•.
....
8
10
8
J. & J.
369,31 0 J. & J.
935 100 J. & J.
2,000,00-
*
-
....
12
(0 900
3,000.00
On
00
00
.
Leather.
west Side*
1"0,0C(
400,00
ion
250,(XX
ton 1,500,0ft
On 1,000,OCX
5(J
400,00(
25
300,OCX'
50
422.70
Oil 2,000,(XX
25
412,501
20
’ lar. 1,000.000'
25C.0O0
00 1,500,(XX
On 1.000, (XX«
Pacific*
Peoples*
Phenlx
Produce*
Republic
St. Nicholas
Seventh Ward...
*
100
100
(On
ion
•
Jan. 6. "76...3 iik
Feb. 1.17...5 126
4X July 10,'76.. 2
w Jan. 2, '77...3
6
Juy l, 76 ..3
10
Jan. 2,’77.2k
2. :00
600,000
2.050.OK'
50
6 i
Marine
10.)
Market
too
Mechanics
25
Mech. Bkg A8so... 50
Mechanics & Traci. 25
Mercantile
(00
Merchants
50
Merchants’ Ex
50
Metropolis*
100
■
,121 200 F.&A
28 00 J. & J.
101,0. (•
Leather Manuf.... '00
Manhattan*
Manuf. & Merck*..
...
120
Jan. 2, ”77...4 101
Jan. 2, ’77...5
Jan. 2, ’77 .25
Jan. 2. 77.3k
NoV. 1,’76.. .5 200 *50
Jan. 3, ’77.. S uik 112
416,000
500,00
500,00
...
200,000
200,000
/Etna.
American
American Exch’e..
«...
,
12 000 I. & J.
8 000 (.&J.
10 800 M.&S.
.on? 200 J. & J.
.0) 900 J. & J.
001,00
...
3
10
.....
.
l'JO.U’l
50
2.’77..9
Sept.l *75..5
Jau. 2, ’77 J
,
7
7
Q-J.
»
8
20
8"
57,100 May.
31, 00 M.&N. 100
1,600 M.&N
100,00
300.0CX’
25
100
5(1
100
Amity..
100
Arctic
2"
Atlantic
50
Bowery
25
Brewers’ & M’lst’rs 1001
Broadway
25
Brooklyn
17
Citizens’.
20
City
70
Clinton
100
Columbia
30
Commerce Fire— 100
Commercial
5(»
Continental.,,..... too
Eagle
40
Empire City
UX)
Emporium
100
Exchange
SO
110
2. *77. 1
Jan
1(0
Tk
22 .00 F. & A.
38 400
May.
200,00
200,00
Adriatic
4f.
10
8
10
8
10
3
8
502,,00 M.&N.
670,700 A.& O.
210.00
100
•
9
72 1 900 J. & J.
750,00(
600,000
500,00
000,00
Jan
8.
Bailey, broker, 65 Wall street.)
Capital. .Net mtp
Dividends.
plus,
Pai Amount. I Jan. 1, 1373 1874
1875 1876 Last Paid.
1877.*
Companies.
1 Ask,
Bid
JaD.2,*77...l 133
Nov. 1,’76.3k
63
20
8
HO.lCl
438.7(H)
Price.
Last Paid.
.
(Quotations by K.
....
163 300 J. & J.
lOO.fOi
500.00
Grant Central*... 25
Grocers*
40
Hanover
100
9
7
12
12
l.OOO.OOV 1,470,9 i> Q-F
Commerce
10,000,000 3,4 37.10c J.& J.
Commercial*
100
100,000
2, 00 J. & J.
Continental
IOC 1,500,00c
154,300 J. & J.
Corn Exchange*.. 10C
1,900 (XX' 639.510 F.&A.
Dry Goods*
10C 1,000,000
32,90 •J. & J.
Bast River
25
76 00 J. & J.
350.00C
Eleventh Ward*.. 25
2o0,000
16,80 J. & J.
Fifth
100
150,(XX
75,000 Q-J.
Fifth
...
|l876
10
8
Perloc
'
2(
Bull’s Head*
Butchers & Drov.,
»s°
lOi.ou
4^,0
l.OOO.OCC 1,121 9(1
200,001
24,40k
500,0C(
132,4(X.
2,000,00c 348,200
450,00c
182.30
300,00* 3.0PC 6 il
.
Broadway
i>
3,000.00! 1.871,80c , J. & J
5.000,001 1,16 1,7 0( ) M.&N
250 UX
2' 6 0(1 J. & J
American Exch.. ux )
Brewe:s’& Malts’*
Dividends.
f-5
u
National
Insurance Stock List.
1
00
**
I
are
O V
~
1
Marked thus
Capital.
I
Companies.
1895
1899-1902
1877-79
is.-l
11X5
ldl
l“*k
1 l
i'*- y
I'S'.
,
«
12»
1 i
PLJ
s
t
[March 24, 1877.
THE CHRONICLE.
272
“
The financial summary of the business of 1876, as to net income,
discouraging ; but a careful examination of the tables, with a
knowledge of the present condition of the roadway, superstruc¬
3 notstmenfs
is
AND
road
The “ Investors’ Supplement” is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle.
No single copies of the Supplement are sold at the
office,
as
only
a
sufficient number is printed to supply regular
subscribers.
ANNUAL
equipment, will show the enduring capacity of the rail¬
maintaining itself against specially and exceptionally
disadvantageous circumstances, and will, doubtless, strengthen
the best hopes of its proprietors as to the ultimate value of their
ture and
STATE, CITY AND CORPORATION FINANCES.
in
property.
"
During more than
considerable portion of
of one per cent per
one-half of the past year the carriage of a
the east-bound traffic has yielded but 3-10
ton per mile, or 3-20 of a penny in gross
and the west-bound rates on competitive freight from
sea-board, such as coffee and sugar, have been 4-10 of one cent
per ton per mile, or 4-20 of a penny ; and on silks and manufac¬
tured fabrics the rates have averaged 8 10 of one cent per ton per
mile, or 8*20 of a penny.
The gross freight tonnage of 1876 is but 8 7-10 per cent less
than the largest freight tonnage ever transported over the lines
within any previous twelvemonth, and does not materially vary
in amount from the tonnage of 1875.
The tables show fully the peculiar effects of the trunk lines*
rivalry and America’s Centennial Exposition upon the road’s
revenue ;
REPORTS.
the
Atlantic & Great Western.
{For the year 1876.)
From the report of the Receiver, General J. II. Devereux, we
have the following:
The road in tbe hands of the receiver was 502 miles at the be
“
ginning of the year—387J miles owned from Salamanca, N. Y., to
Dayton, O., 81£ miles of the leased Cleveland & Mahoning Valley
line from Cleveland, O., to Sharon, Pa., and 33 miles of Frai^klin j
Branch from Meadvilie to Oil City. During the year, an extension j passenger traffic.
The local travel falls off heavily as compared
of the Cleveland & Mahoning Valley line,
miles loDg, from ' with the previous year; the through travel shows an increase in
Sharon to a junction with the Atlantic & Great Western near j numbers, but scarcely equalling more than one-half the defi¬
Slienango was partly worked. An average of 552 miles of road ciency of the local passengers, while the average rate per mile
was worked from D< cember 10, 1874, to the end of 1875, and an
received from both local and through drops to the lowest point
average of about 505 miles in 1876.
In the comparisons below, known ; the first-class rate upon through passengers for the year
the traffic frmi December 10, 1874, to December 31, 1875, is com¬ being 1 461.1000 cents, or less th$n f of a penny per mile.
In the previous annual report, reference was made to the then
pared with that from December 10, 1875, to December 31,1876
1876.
1875.
recently-erected steam hoists for the changing of car-bodies,
2,619,959
2,600,576 loaded or
empty, to and from broad and narrow-gauge trucks, at
307,331 653
301,816,226
the stations of Leavittsburgh, Mansfield and Dayton; and, in
970.5Si
999,030
Pat-sengers cam< d
40,876,019
85,9 9,876 connection with the hoists, was noted the establishment of a new
Passenger mileage
The earnings and expenses were (1875 including 22 days of through freight and passenger line between New York and Chi¬
cago, in connection with the Erie and Baltimore & Ohio rail¬
1874):
“
“
,
.
Passenger earnings
1875.
$2,611,116
$3,091,856
790,881
42,221
52,291
49,781
‘
Mail
earnings
Express earnings
Miscellaneous earnings
Total
851.526
45,567
6G,S26
49,137
$3,516,299
.
$4,106,011
Operating expen es:
Salaries
General operating expenses
Stati n exp uses
Train expenses
Maintenance of locomot.ves
Maintenance of cars
Maintenance ef way
Maintenance of buildings and
Maintenance of fences
Luss and damage
.
The passenger
interest; but tbe east-bound passenger traffic was from tbe first
9.3.135
372,336
336.101
575,174
26,331
16,272
7,912
docks
.712,820
79 511
19.570
13.714
17,375
339,127
05,166
7
.
9,852
As.ets of A. A G. VT. ItK. trau ferred
929,276
8,618
$726,851
16,977
.
$3,178,737
716.999
earnings
tamings from other sources
$937,895
281,392
to receiver.
377,378
$743,529
.
Expenditures chargeable against above receipts:
Acditions
.
Liabilities of A. & G. W. ItK. Co. paid
Use of foreign cars and engines
Rent of C;eveland & Makoning Railroad
Rent of C. H. & D. RR. to 26th May, 1875
Rent of Sharon Branch
Rent of Sharon Railway
Rent of dock s and lots
General profit and loss
General expenses
General interest and exchange
Taxes
$1,596,066
$125,743
212,006
274,272
3,000
6,086
26,043
The
expenditures included under “Additions” are
to the property in the hands of the Receiver, such as
Are properly chargeable to capital account.
The working expenses were 77 38 per cent of the receipts in
1875, and 79 78 per cent in 1876.
The part of the expenditures belonging properly to fixed
^charges—including rentals of rolling stock and of based rail¬
roads—was $571,562 in 1876, against $647,026 in 1875; and the
surplus of net receipts above these fixed charges was $155,289 in
1876, against $290,869 in 1875:
Comparing the system worked before 1876 with the same roads
in 1876, including the results of lines not worked
by the Receiver
in the later year, and for corresponding periods in the case of
each road, the earnings and expenses would appear:
additions
Gross
receipts
Operating expenses
$3,926,8*25
3.117,352
Net earnrr.j.s
$809,473
results
$l,lr8,Clt
-
3,178,737
$9.9,276
were :
1S76.
GVnts.
0 9065
0 7740
O' 1325
1 3030
0 6 10
187?.
Cents.
3 0152
0-8313
0"1839
1-41(0
0 6J40
Expense
2 729
1 461
2 041
1‘340
Profit
0701
2-819
1 741
2 367
1-550
o-7e7
Ter passenger per mile—
Receipt, local
through
“
“
average
The Receiver says:
neglected, and certainly it was not worked for by the Baltimore
Railroad, whose efforts were unchanged in continuing to
send passengers from all western points, via their own main stem,
thiough Baltimore, to the East and New York. The line, com¬
plete in appointment and thoroughly attractive, was a success in
everything except remunerative earnings.
It, was formally
abandoned at the time of adopting the winter passenger train
& Ohio
schedule.
“
The freight line results were even more extraordinary.
The
differences between the Erie and Baltimore & Ohio, preventing
final consummation of the contract, seemed to be in some respects
one thing continued from the opening of the new
freight line to the last—failure to work the line, which had been
fully prepared by equipment and a special organization for a con¬
trivial; but
siderable movement of tonnage.
“Finally,|the results of the receivership can be comprehensively
as follows: The property has been kept intact; and through
1,0.6,694
the two darkest’yearsthus far of American raiiroad operations, it
*84.9^6
290,942 has been improved and strengthened in its relation to all traffic
62.:;5 1
and other interests ; and, while maintaining the tonnage of the
3,177.
line, has been kept in absolutely good condition, certainly with¬
6,055 out deterioration in any of its parts.
“Alter paying all operating expenses, taxes, and all rentals and
19,182
25,635
13,109 general expenses, and after further paying $228,205 93 on account
26,935 of additions and construction, strictly chargeable to capital
account, but which of present necessity must be provided from
$1,8-8.626 the Receiver’s revenue, there is then shown to be a deficit of
291,900
$5,669 25. The amount of the obligations of the Atlantic &
those for Great Western Railroad
Company paid by the Receiver under the
$ 702.462
231,083
$1,016,573
Profit
line received the countenance and aid of the Erie
114.224
344,068
241,920
219 598
832.547
326.782
Net
Earnings
Expenses
line did run nearly through the year, with uniform
as to schedule time, and with apparent excellent satis¬
faction to such portion of the public as it was permitted to reach.
regularity
104,040
$2,829, >00
Per ton per mile—
passenger
314,232
Legal expenses
Profit and loss
Some of the average
roads.
“
But the results of the new through freight and passenger lines
have been to the Receiver simply failure and loss.
“
These two lines could have been worked successfully, and the
stated
orders of the courts is $1,264,783 73, of which amount the Receiver
has been obliged to furnish in cash from his own revenue the
sum of $966,413 97The present total amount of outstanding
debt funded in Receiver’s warrants is $378,563 87, of which sum
the particular warrants issued to tbe United States Rolling Stock
Company amount to $280,899 79. It is seen, therefore, that in
round figures there is a floating debt of about six hundred thous¬
and dollars, which severely hampers and restricts the adminis¬
tration of the affairs of the railroad.”
St. Louis Kansas City & Northern
Railroad.
ending December 31, 1876.)
The following is condensed from the annual report:
The Union Depot connection was opened for passenger travel
on the 12th of June, but it was not used for tbe general transpor¬
tation of freight for two months later.
The line has been a very
expensive one, the cost aggregating $893,044. The result of the
opening of this connection promises, however, to fully justify the
large sum expended for it. Comparing the through passenger
business of the rpad for 1876 with the same business for the pre¬
ceding year, it is shown that for six months after opening the
Union Depot line it increased $69,042.
The policy inaugurated
in tbe fall of 1875, and referred to in the last report, of fostering
cur local traffic,
has been pursued with the most gratifying
results, as is exhibited by tbe fact that, though in pursuance of
such a course rates were somewhat reduced, the earnings from
local freight traffic for 1876 were $1,254,451, against $960,090 for
the previous year.
{For the
year
w.«ip»,!a
i1
u
.
1876
Gross earnings:
F eight earnings
March
24, 1877.J
THE
CHRONICLE.
On
Sept. l,we consummated, sulject to your approval, an
arrangement by which this Company secured the road from Salis
bury od our line to Glasgow on the Missouri'river, 15 miles in
length, by the issue of $50,000 in certificates of the Company,
redeemable in half payment ol all bills for freight
originating on
or consigned to any place on said branch.
The road referred to
cost within the ptst few years about half a million of
dollars.
The gross earnings of the road for the
past year were $3,143,855, an excess ov<-r those of the preceding year of $500,032.
Preferred Ptock— St. L. K. C. & N
Common stock—
“
“
Capital stock—St. L. C R. & O. RR
Profit and loss—Preferred stock, St. L. K. C. &N.
Supplies on hand....
Balance at debit income account
195.940
48,025
538,000
159,250
98,208
660,351
$33,884,265
Common stock.
Preferred stock
$12,000,030
12 000,000
Total capital stock
$24,000,000
First mortgage bonds North Missouri
Railroad
6,(X)0,000
Real estate and railway
mortgage bonds
993,000
Profit and loss—St Louis Cedar
Rapids & Ottumwa UR. stock....
578,000
Balances due by the Company
2,742,961
Less balances due to the
Company
This
increase, attributable in a large measure to the causes
already assigned, would have been almost doubled had it not been
for a disastrous freight “war” which,
commencing early in the
year, was continued until September 1.
Iu July last, to relieve immediate
necessities, 100 freight cars
leased from the United States
Rolling Stock Company for
one year, at a
monthly rental of $12 per car. The demand for
more equipment still
continuing, arrangements were made by
which 300 additional freight cars were built for
us, to be paid for
in sixty monthly payments, said
payments on each car being less
than the charge made for rental
by the U. S. Rolling Stock Co.
and other equipment companies in the
country.
The floating debt during the
past year increased $666,403. The
surplus of net earnings, after paying taxes, interest and rental of
branch roads, was exhausted, and the
floating debt increased by
the expenditures in settlement of old claims
of the St. Charles
273
..
203,904
.......
were
Cash
on
$2,539,059
hand.
185,794
Floating Debt*
$2,358,265
$33,834,265
*
The Company now hold*
$2,000,000 of real estate and railway mortgage
bonds of this Company, the sale of which will retire
all the notes given by
the Company,
except some of those for supplies.
Indianapolis Cincinnati
& Lafayette Railroad.
(For the jive months ending December 31, 1876.)
A report of the President and
Receiver, Mr. M. E. Ingalls, has
the following:
Bridge Co. and the Cedar Rapids RR. Co., and by other
large
I regret to say there has been a
expenditures, the principal items in which were for additional!
large shrinkage in gross earn¬
equipment, bridges ;on the Sr. Joe Branch, sidings of great
ings, due chiefly to the^following causes. First of all is the
num¬
ber and extent, rendered
necessary by increased business, and the general depression of business, which has lessened all railroad
construction of the Union Depot conneciion. All
these items are travel and business.
A second cause has been the
extraordinary and have added largely to the permanent value of
short crops of 1874 and
the property. As
1875, on
regards the liquidation of the floating debt, it our line, which of itself caused dull business, and
need not give anxiety.
although the
The real estate bouds, retained by the crop of 1876, as a whole, is good, it is not
yet marketed, and we
shall not experience
Company for the purposes for which the debt has been
any benefit from it for some months.
mostly
contracted, have now by the completion of the new line become a
The third and last reason is the
violent competition
among the
first-class security, being a first
Rates on grain from
mortgage on the new line, also trunk lines.
Chicago to Baltimore have
on the other termini of the
been 17£ cts., and from
road, and on its shops and property
Chicago to Cincinnati
Moberly, and a second mortgage on the main line. The sale at We could not expect to carry, and have not by our line 18 cts.
oi
carried, any grain,
these bonds will retire
nearly all the debt excepting such items except just what the local necessities of Cincinnati demanded.
as taxes,
The same is also true of
accruing interest, current accounts, pay rolls, &c., which
passengers; while our rate for 310
muBt
miles has been $9, and the rate to New
necessarily be outstanding.
York, 912 miles, the same,
we could not
COMPARATIVE
expect and have not
STATEMENT OP EARNINGS.
Patsei gers
Mails
Expre-s
1876.
$1,727,602
Freight
$2,164,470
777,268
61,141
r.
848,028
49.79'
73,059
4,760
76,570
$2,643,833
$3,143,e6l
Miscellaneous
Total
Operating
obliged to
1875.
expenses
5,004
2,110,553
1,934,527
Net
earnings
$533,783
$1,209,338
In 1875
operating expenses were 79*83 per cent, and in 1876
61*53 per cent.
INCOME ACCOUNT TOR
Earnings Jan.
1876.
had
here.
$3,143,865
1,934,537
$1,20 >,338
..
travel, except that
any
As low as the rates have
been, we have operated our road for
the five months for 50 37-100
per cent of its gross receipts.
A
remarkably good result, when it is considered that we have had
no construction account of
any kind, and that every dollar has
been charged to expenses,
including the compensation of the
Receiver and all legal expenses to
January 1, 1877.
Earnings for the five months have been as follows:
1876.
..
.
Miscellaneous.
14,000
..
6,085
Total
.
$1,229,424
CONTRA.
Charges for they ear 1876.
Interest on first mortgage bonds
real estate and railway
mortgage bonds
Rent Hannibal &
“
-
—”
*
$420,000
'
69,510
6,250
St.
Joseph track, Jan. l to Dec. 31, 1876
Union Depot, Kansas City
,l
“
“
Kansas City Bridge
“
“
“
Boone Co. and Boonville RR.
“
“
“
St. Louis & fct. Joseph RR.
“
“
“
Glasgow Branch, Jan. 1 to June 80, 1876
St Louis Cedar
Rapids & Ottumwa Railroad
St. Charles
Bridge, interest on bonds
Union Depot, St.
Louis, June 14 to Nov. 30, 1876
Warehouse, Union Depot, St. Louis, June 14, to Dec.
31, 1876.
Engine House, Union Depot, St Louis
Expenses transfer agency. New York
Use of
1,.00
54,236
7,003
24,583
1,200
..........
......
.
Taxes
Interest and discount
Repairs Hannibal & St.
Commi88:ons
(hi
not due until
362
3,166
15’u43
July 1, 1877
160,070
131 ygl
Joseph track
4,599
1402
6,614
2,^25
S977 717
57L401
account, Jan. 1, 1876
Income Account
Charges made in 1876, but accruing prior to Jan.
1, 1876, and
adjustment of St. Charles Bridge Rent.
Rent St Louis Cedar
Rapids & Ottumwa Railroad—
Feb 7, 1872, to Oct.
Oct. 1, 1875, to Jan. 1, 1875
$81,912
1, 1876
Rent St. Lharles
5,613
BridgeDividends on stock, Oct.
1, 1873, to April 1, 1877
interest on
159,250
bonds, Oct. 1, 1875, to Jan. 1, 1876
•taxes for
25,000
1874, amount paid over and above estimate
62,681
“
“
“
1875,
“
3,169
Balance
$1,889,775
at debit income
account, Dec. 31, 1876
27 ote.—Income account
charges 1876
Net earnings
;
Surplus for 1876.
GENERAL BALANCE
Glasgow Branch-payments
$211,706
$28,150 000
on account
3,030
stock
Construction fund—subscription remaining
■Expenditures for construction, 1872 to 1877 unpaid
$660,351
$977,717
1,229,424
SHEET, DEC. 31, 1878.
Cost of road equir
ment and appurtenances
Lest, of
Charles Bridge
7
Dec. 31, earnings
$610,526
350,010
;
4,375
3
677,084
49,146
298,160
109,148
14,656
12,201
19,455
7,723
15,000
$764,980
taxes for the
and expenses
were
as
1876.
.
Freight earnings
Express
Mail
1875.
$542,897
796,346
25,828
$639,668
44 023
f 2,162
Miscel’aneous (including rents;.
..
..
1,U62
140
at debit this
18,780
5,083
12,000
$307,490, leaving]for interest and
five months $303,035.
For the year
ending
follows:
10,858
10,007
22,575
coupons paid in New York
Rent box
cars, July 15 to Dec. 31, 1876
Freight on above cars
Use of tracks
Balance
were
100.00O
5,255
...
foreign cars, balance
for 1876,
estimated, but
Expenses
85.742
.
..
$239,438
46,053
231,942
..
,.
Continental, Baltimore freight.
1875.
$192,057
..
Foreign freight.
1 to Dec. 31, 1876..'.
Less operating expenses same
period
Net earnings
Rent of track, Moulton to
Bloomfield
Profit and loss
come
$1,461,258
761,247
923,657
29,187
46,687
52,947
$1,692,148
1,016,228
$700,011
$655,9; 0
We have paid all the back
{ay-rolls, and a large portion of the
amount due for supplies.
We have paid current interest on the
Cincinnati & Indiana bonds, and the I. & C. bonds of 1858.
The
million of Cincinnati & Indiana
bonds, due Jan. 1, 1877, have
been extended for 15
years, with a very few exceptions, which I
hope will yet come in. At the same time, we procured the exten¬
sion of all we could, of the half million due iu
1882, and have
,.
secured a large majority
on
will come in.
Some
the
same
terms, and hope the balance
arrangement should be made the coming
for payment of interest upon the equipment bonds. There
$423,000 of them, and they are a first lien on a large part of
the equipment of the
company.
They were issued in 1873, and
bear 10 per cent interest, with a
sinking fund of 6 per cent. The
coupon due last September was not paid. The interest on these
bonds should be paid, and a reasonable
sinking fund established.
The rate fixed on the bond is 10
per cent, bur this is higher than
the Company, in its
present condition, is able to pay.
After this is done, there remains the overdue interest
upon the
I. C. & L. bonds of 1867 to
arrange, and then the Company can be
reorganized upon a basis that will be just to all interests.
In addition to the
coupons upon the I. C. & L. bonds of 1867,
which were extended in the
reorganization- of the Company in
1373, there are about $90,000 of coupons which fell due in 1874 and
1875, belonging to parties who failed to collect. It would seem
to be right that this amount should
be paid before current,
coupons.
The coupon upon this bond, due next February, cannot
be paid out of our
earnings, if we pay this prior amount. After
this, 1 see no reason why all the coupons upon this
mortgage
cannot be paid as
they fall due.
year
are
of
inabilities
ths
Indianapolis Cincinnati *
COMPANY, JULY 31, 1876.
Capital Stock—
$5,587,150
1,41:4,300
preferred
18,000 —7,021,450
Cincinnati & Indiana
Bonded Debt—
I. AC. of 18 8
C. A I. of 1862
C. A I. of 1867
$1,000,000
4b9,0li0
.
sold
I. C. A L. of 186:
I. C. A L. of 1869
Bees unsold
Less
railroad
lafayktt*
I. C. A L. common
do
[Mar, h 24, lb77.
THE CHRONICLE
274
.*
no
$1,501,000
4,000—1,497,0 <0
2,£00,001)
$2,000,000
redeem the outstanding bonds, with interest, was void ; and that
the contrary opinion was affirmed by a majority of the Supreme
Court.
The officers of the Central Pacific Railroad in this city
gay
that the California Pacific Company has always paid the interest
on its first and second mortgage bonds
from its own revenues*
also, that tbe Central Pacific Company never leased the California
Pacific road, but, in consideration of certain business facilities
guaranteed sixteen hundred eecond mortgage bonds; that the*
238 000—1,767,000
423,003
Equipments..
ment, the Central Railroad Company contended that it had no
power to make such contract, and, therefore, the agreement to
Pacific was never called upon to pay tbe interest, and
consequently never refused ; that it did not enter any plea, as
represented, as to the invalidity of its contract, but, on the con
The floating debt, July 31, 1876, stood as follows:
trary, that it has always stood ready and wi.ling to fulfill its
Pay rolls (4 mqpth9), supplies and current expenses
$229 84.1 agreements. Certain persons claiming to hold a small amount
B*hs payable/Cud loans
486,940 of Central stock brought suit and obtained au injunction. The
Unpaid bondnnterest
$492,894
only interest of tbe latter was to establish the responsibility
Estimated Tff»rest on same
£0,000— 582,394
of tlie guarantors.
This tbe Central Company has neither denied
Total..... \
The decision is represented as satisfactory to them,
$1,299,676 nor resisted.
and they regard it as really in their favor and against their
Honsatonic Railroad.
40,100— 333,000
470,300
24,003— 416,300—8,992,300
lac»8 unsold
Pended interest
Leas on hand
The
Prom
Prom
Prom
•Prom
Pro.u
From
Central
opponents.
(Ear the year ending September 30, 1876.)
receipts from operations were :
Central of New Jersey.—A meeting of holders of the consol¬
idated mortgage bonds of the Central Railroad of
was held at the Chamber of Commerce March 23.
New Jersey
Mr. Royal
45,748 59 Phelps was chairman. The following committee was appointed
1 ,000 00 to
represent the bondholders and protect their interests: Messrs.
I,3u8 68
11,338 30 Robert Lennox Kennedy, Edwin M. Lewis of Philadelphia, J. E.
311 51 Johnson, J. S. Kennedy and Theo. D. Dreier.
The committee
agreed to confer with the committee of the bond and stockholders
$656,544 34
401,433 21 appointed on tbe 15th of February last, and to take the proper
steps to protect the interests.of the road.
$255,111 03
The President of the Leli’gh Coal & Navigation Company, the
rental of which to the Central is largely in arrears, and which
$10,473 83
declared that the lease would be terminated on March 15, con¬
31.4U9 00
42,0)0 00
sulted with some of the Central’s officers oa that day.
The
700 03
receiver’s assistant said that the feeling of the Navigation Com¬
6,741 80
86,350 43
pany was entirely friendly, and that the whole matter had been
10,58) 63
put over until March 27. Before that time he thought au arrange¬
3,990 00
ment would be effected. The Navigation Company’s intention was
922 22
143,176 11 simply to test the provisions of the lease.
$107,079 93
176,75? 23
freight
passengers
mi k
express
wharfage
mails
From rents
....
Total
Expenses
Balance
From which deduct—
Stale and other taxes.
Bent Stockbridg; & P. Railroad
Rent Berkshire Railroad
Rent West Stockbridge Railroad
—
Rent New York Houaatanic & No. Railroad
Coupon interest
Interest on loins
Loss on $200,0: 0 six per cent, bonds
Loss on sinking fund securities
Net gain
after deducting all
expenses
Paid dividends, October, 1875, and January, April and July, 1876..
$111,934 92
94,403 00
Chicago Burlington & Quincy.—The subjoined item is from
Friday’s Journal of Commerce:
The following announcement is among the news of the day:
There was a meeting to-day of the representatives of the
Chicago Burlington & Quiucy, Chicago & Rock Island, and
Chicago & Northwestern roads. It was stated that there is no
competition between these lines, and that the m *eting was held
simply to perpetuate the friendly relitions already existing.*
This statement, if true, will be gratifying to those stock¬
holders of the Chicago Burlington & Quincy who have supposed
“
Total
Add ba'ance at credit P.ofit and Loss, Sept. 30, 1875
Balanc
;
at credit of Profit and
$17,534 92
86,-305 86
Loss, Sept. 30, 1876
$101,810 78
Compared with the previous year, the gross rec-ipts show a
$25,465 48, with a decrease in expenses of $58,403 34,
staking the increase in net receipts $32,937 86.
There have been 500 tons of steel rails laid during the year. The
passenger service has been equipped with thi Weetingliouse
Vacuum Brake.
Additions have been made to the rolling stock
of nine hay cars and one passenger car.
The seven per cent, bonds, auiouuting to $200,003, maturing
January 1st, 1877, have been retired, and the same amount of six
per cent, bonds have been issued, maturing in 1889.
The company have 19 locomotive, 17 eight-wheeled and 1 four
wheeled passenger, 6 baggage, 4 mail and smoking, 176 box, 230
flat, 1 stone, 14 hay, 1 crane, 1 wrecking and 2 caboose cars.
decrease of
BALANCE SHEET. SEPTEMBER
-:0, 1S76.
Railroad and equipment
Permanent improvements and additions
CwOi »n hand and in banks
Real estate
The Ames property
Btockbridge aim Pitts-field RR
Accounts receivable
$2.205.558 52
326,906 02
$47,233 25
21,4-39 93
167,389 19
5.992 76 *
...
40 C00 00
20,4i4 70
l)ae from stations
Bills receivable
Wood lots
Materials on hand
724 07
98? 9)
33,615 75—
Capital stock, old. 8,200 shares
Capital stock, preferred, 11,800 shares
315,983 53
$2,878,453 07
$810,000 00
.
1,180,000 03
,
Total
EondB due
Bonds due
Bonds due
Bon<is due
$2,C00,C0) 00
in 18.7 paid in January
in 1885
in l8->9
in 1833
$500
ICO,000
300,000
150,000
payable
$101,772
September expenses, paid in October
24.786
Kent of Stuckbridge & Pittsfield Railroad, January...
7.852
Rent or Berkshire Railroad, October
3,500
Sent of West Stockbridge, October
50
52
..
Book accounts
Unclaimed dividends
Coupon interest
Accumulated
sinking fund profits
Profit and Joss
that the al.iauce of the Union Pacific, the Rock Island and the
Northwestern was of an entirely offensive character. In view of
all the facts recently developed, the above statement that there
is no competition, and that only friendly feelings exist between
all the corporations, should be taken cum grano sails.”
Chicago & Illinois Southern.—This road was sold under a
foreclosure, granted by tbe United States Circuit Court,
iu Springfield, II!., March 13.
The road from Mat toon, III., to
Hervey City, 33 mi'es, was sold for $37,000 to George L. iDgerpoll, of Cleveland, Ohio, acting as agent for the bondholders.
The same party also bought the company’s interest in the ten
miles of track used jointly with the Illinois Midland from Hervey
Ci’y to the junction with the Illinois Central near Dscatur.
decree of
550,500 00
gives the annexed statement of tbe amount ol assents received to
the reconstruction scheme up to the 8th inst.:
First
mortgage (this to‘al includes 6 per cen\ sterling
Assents. Total issue.
$11,616,(60 $18,656,000
14,4(0,000
8,325,000
5,322,003
10,000,000
'
Total
$25,763,COO
The payments on
10
2>
over
0J
14,595 74
672 00
8,921 81
162,159 Cl
103,840 78
$2,678,453 07
NEWS.
-
$41,056,OCO
account of assessment on shares amount to
£120,000.
—The following notice was
Loan & Trust Company from
Reconstruction scheme :
00
$61,962 03
railroad bondholders are not liable to be taxed on the interest on
their bonds, aud that a company cannot be taxed on interest paid
to bondholders of ibis description.
—The Secretary of the Erie Railway Reconstruction Trustees
Second mortgage
Convertible gold
1’>5,802 86
GENERAL INVESTMENT
“
loan)...
00
00
00
03
Bills
‘
Erie Railway.—In the suit against the Erie Railway Company
by the United States Government, to recover taxes alleged to be
due, Judge Biatch ord on Thursday decided that non-resident alien
8 OK) 83
Sinking fund
“
this week rec<ived by the Farmers'
tbe London Trustees of the Brie
Those who, not later than 31st March, pay the assessment ($1
ordinary shares, or $2 preference share?) may, until 1st -July,
pay $2 ordinary or $1 preference additional, and receive income
bonds accordingly.
Evansville Owensboro & Nashville.—The
District Court
United
States
L^uisv lie,
Ky., has ordered a new sale of the
property. The ?ale will be made under the original proceedings
in bankrup4cy.
Trie road is 31 miles long, from Owensboro, Ky.,
to the crossing of the Paducah & Elizabethtown road.
at
California Pacific.—The Supreme Court, March 21, rendered
case of Low against the Central Pacific Railroad
Gilman Clinton & Springfield.—The English bondholders
Company. The general press dispatch states that some years committee ltpojts that the moat pressing liabilities are fore¬
ago the California Pacific Railroad Company leased its road to closure expenses aod the sum needed to put the road in good con¬
the Central Pacific Railroad Company; that
according to the1 dition, about $300,000 in all. They recommend that the purebas*
a
decision in the
terms of
the lease the Central Pacific
Company should pay both
principal and interest of the outstanding bonds of the California
Pacific Company; that on the bringing of suit to compel pay.
and that stock be
7 per cent cur¬
bonds to the amount of $300,000 to meet the requirements
ing bondholders organize
a new company,
issued to the amount of the oM bonds and
rency
Dew
March
24, 1877.J
THE CHRONICLE
stated above, the bonds to run ten years and the
company to
reserve the option of paying them off sooner.
With the road
and equipment in good condition, it is believed that a fair
divi¬
dend can be paid on the new stock.
The new stock will be
275
1. Foreclosure
proceedings to be hastened forward as fast as
in the sole interest of the
possible, and
bondholders.
2. Every effort to
be made to enforce the lien
of the mortgage on the
whole line of road as now built, from
Port H iron to
8. Claim to be made to the
Lansing.
lands donated by the State or
4. The removal of the
Michigan.
present Receiver, and the appointment of
who has no interest adverte
a Receiver
to that of the bondholders to
be urged before the
Court.
$1,000,000 and the bonds $300,000; the estimated net earnings
nearly $110,000, which would pay the
$21,000 interest and nearly 4£ per cent dividend.
for the last year were
5. A
thorough examination of the Receiver’s accounts to be
with the view of
securing all the bondholders’ rights in and to carefully made,
the property covered
the earnings of
by the mortgage.
6. A purchase at foreclosure
sale of the
property covered by the mortgage
to be made in behalf of
the bondholders
uniting in this plan, and a near com¬
pany to be formed by them.
7. New securities to be
issued by the new
company, as follows:
First mortgage seven
per cent, bond
Houston & Texas Central.—The
following, from a New York
dispatch of the New Orleans Times, is explanatory of the
floating
debt agreement with Mr. Charles Morgan :
A number of New York
capitalists are bondholders and
stockholders in both the
Texas Central and Texas International
railroads, with a preponderating influence in favor of the Inter¬ Stock
$2 030,000
fi. Each present $1,000
900,000
national, which Las never been a paying
first mortg ige b:nd to receive
institution, while the gage bond, and $50 J stock.
$1,000 new first mort¬
Texas Central has. The latter, in
9. So much of
extending its branches in every
$200.0.10 of the
direction, amassed a floating debt of $2,600,009, which amount therefor shall be used for the new first mortgage bonds as may be necessary
purpose of carrying out this plan, and
for the
was mainly advanced
improvem nt of the
by capitalists in New York City ; and
for the present issue property. Any of the new bonds and stock notexchanged
they,
to be retained in the
in the hope of having'a receiver
treasury of the new company.
appointed with the ultimate view
of consolidating the two roads, have entered suit
St. Louis Iron Mountain &
South.—Mr. S. G. Ward, agent
against the com¬ of the
pany for the amount due them. Mr. Charles Morgan
Barings, in a letter to the St. Louis Republican, after
In, assumed the entire debt, and thus prevents the then stepped denying that the opposition to Mr. Allen is
appointment to divert the business
prompted by a desire
of a receiver.”
of the Iron Mountain road
from St. Louis,
says :
Lehigh & Wilkesbarre Coal.—We extract the
On the contrary, we are
following from
the New York Tunes:
perfectly aware that all our interests
are bound
A secret meeting of the consolidated
up in the growth and
prosperity of St. Louis, which
bondholders of the we
regard as the great city of the West, and as
Lehigh & Wilkesbarre Coal Company was held yesterday at No.
destined, at no
distant date, to rank
80 Broadway.
among the great cities of the world. The
A committee was appointed consisting of Messrs. idea
of any such diversion is at once
P. C. Calhoun, Frederick S.
futile and idle.
o
Barnes, Thomas Cochrane, R. J.
Further, it is proper for me in this connection to state that
Dobbins, Francis A. Palmer, Warner Ackerman, and Wm. B.
a
very large proportion of the interest I represent for
Bucknell, to examine into and report at a future
Messrs. Bar¬
meeting concern ings, namely, their whole interest
lug the value and condition of the company’s
beyond their original purchase
property, and to of $3,090,000 of the first
suggest what action may be necessary to conserve the interests
mortgage bonds of the Cairo & Fulton
Railroad, was incurred neither for profit nor as an
of the bondholders.
The company ha9 out
investment,
$11,000,000 of con¬ but solely to rescue the road from
solidated bonds. The receivers ask the
difficulties at two critical
bondholders to keep the periods before its
completion, at tbe instance and on the personal
property intact as the best method of preserving its value. A
representations of Mr.
“
“
"
!SPR$B8gE3&KZ5
contract has been made with Charles Parrish
to
mine the
Allen and Mr.
Marquand, who visited
London separately on those
occasions, and for that express pur¬
pose, when the needed means could not be
obtained in this
Wyo
ming region, which is the best land of the company, 9,000 acres
The product of last year was 1,234,000 tons.
Prior to the consolidated bonds are
$2,587,389 of purchase money
mortgages, which are still unpaid; $1,680,000 of
sterling mort¬
gage interest and $1,071,000 of these liens were
paid by the
receivers March 1. The
being virgin soil.
|
country.” -*
interpretation of contracts
they are legal questions,
brought before the courts in this city.
Any attempt to prejudge them would not
only be unwise, but
might be interpreted as an attempt to influence the
impartial
judgment of the courts. To show how
strictly this is the case, I
will state
briefly the points at issue:
as
New
Jersey Central Railway Company for less than half that
A motion to
get at the floating debt of the company
tabled.”
“Messrs. Barngs claim that they were en
itled to vote at the late annual
meeting on 25,000 shares of stock upon the
authority of written agreement*
signed by Messrs. Allen and Marquand in
April, 1875. which were expressly
irrevocable until
amount.
was
New Orleans Jackson & Great
Northern.—In accordance
with the decree and order of the
<•
Newell, J. B. Alexander
et
court
in the suit between John
al., against the New Orleans Jackson
& Great Northern Railroad
Company, that road was sold at auc¬
tion in New Orleans, March
18, for $1,050,000 to Mr. Schrieber,
who acted for a committee of the
consolidated
mortgage bond¬
holders representing the Illinois Central
Railroad.
Pennsylvania State.—The Pennsylvania State officers adver¬
tise for proposals for a 5
per cent semi-annual loan to the State
for $8,000,000,
registered and re-imbursable in fifteen years from
the 1st of
February, 1877, and payable in twenty-five years. The
over-due State bonds will be received at
par
the proposals express
a wish to that effect.
in payment, provided
Peoria & Rock Island.—On March
12, the United States
Circuit Court dismissed the uetition to amend
the decree of fore¬
closure filed by certain bondholders. At
the same time, the Court
directed an order to be entered that all
claims to share in the
proceeds of the sale must be filed within
the
necessary proofs and
Philadelphia
a
twenty-five days, with
sufficient bond for costs.
& Reading.—The Wcrld money article of the
*
The questions at issue relate to the
and the voting
rights of stockholders ;
and have
already been
receivers recommend that the balance
it matures, even
though it be necessary to call on the
bondholders for aid. Of the consolidated
bonds, $6,000,000 are
pledged as collateral security for loans to this
company and the
be met
*
“
six months after the
company should h ;ve resumed payment
of interest in full on all its bonds
; and, further, that but for these
and the voting power so
agreements
intrusted to them, and by which the
than $2.0(0,000 of interest was
funding of more
secured, a sale of the road under foreclo ure
would hardly have been avoided. This
would have resulted in great
to all th •
injury
stockholders, and especially to Messrs. Allen and Marquand, in
view
of their large personal
liability on the
tion has enabled them to reduce more floating debt, which the funding opera¬
than one-half. Messrs. Allen an
I Marquaud contest the right of the Messrs.
Barings to vote upon this stock. The
Court will in due time decide which
of the
*•
The second questiou did not arise till contending parties is right.
the annual
meeting took place.
Then, for the first rime, it was announced that no transfer of
the company’s
stock for fifteen months past was
valid so as t© give the holder a
right to vote
at any election.
The Farmers' Loan and Trust
Company has been for years
ast the sole authorized transfer
agent for the Sr. Louis Iron Mountain &
outhern Railway
Company, and its predecessor, and every outstanding cer¬
tificate of capital stock has been issued
by this New York Company as transfer
agent
More than 140 different persons,
holding stock to the amount of
thousand shares represented
by certificates sigued by Mr. Marquand as many
VicePresident, ana which had been couu'ersigned and registered
by the Farmers*
Loan and Trust
Company since Nov. SO, 1875, would thus have been excluded
from taking part iu the election. A
suit has been brought in the
United
States Circuit Court, by a stockholder to whom
nearly 30j shares owned in
his own right, were transferred in
August, 1876, to determine the rights of
himself at d other stockholders
“
similarly situated.
The decisions of the c )urts in
these cases will place before the
public the
facts from which an
intelligent judgment
may
be formed.”
23d inst. contains the
following:
“
We learn that Mr.
Gowen, of the
this city
South & North Alabama.—The Baltimore Sun
says: “Itia
proposed that the $500,000 city of Montgomery
bonds, in aid of
tli9 South
per cent to be paid in cash and the remainder
extended. A scheme for
funding part of the interest on his com¬
pany’s junior bonds—of which we do not know the
details—was
also reported as
meeting a favorable reception from all holders
who have yet been
approached. None of the securities of this
railroad are on the list of the New
York Stock
years, past-due coupons included, at
3 per cent interest the first five
years, 4 the second five years, and
5 for the
Reading Railroad, while in
yesterday, arranged for the maturing obligations of hia
company; 10
Exchange.”
Port Huron & Lake
Michigan.—In a circular which is before
us, W. C.
Beardsley, of Auburn, N. Y., Charles W. Hassler, of 7
Wall street. New York, and A. H.
Tremain and C. S. Tims,
of
Albany, N. Y., a committee appointed at a meeting of first mort
gage bondholders, state that they have had
presented to them the
outline of a plan for the
purchase and reorganization of the road,
and request all the
bondholders to examine it with
care, and
communicate to them their views in
regard to it. They then go
on to state
their claims, as follows :
We claim that our londs are a
first mortgage on the whole
road from Port Huron to
Lansing, a distance of 112^ miles.
‘‘We claim that under
proper management the road can earn
interest on $2,000,000, as that issue would
then be only at the
rate of about
$18,000 per mile.
“
Subjoined
are
authorized to add
is the outline of the
;
new
receiver of the main line of road in that
Meredosia, and also of the b anch line
application to thus disrupt the
destroy its unity and va oc, is made in the name of one Edwardproperty, and
J. Harding,
who claims to own five second
Western Railroad of 1853, and alsomortgage bonds issued by the old Great
five Decatur and East St. Louie bonds.
The success of this
application will prevent the further operation of the
scheme recently offered to
you by this company, having for
early restoration of the property to a punctual interest basis. its object the
It will also
immediately force a separate foreclosure of the six different
divisional first
mortgages resting on the
from Toledo to the Missis¬
sippi River, and a sale of each division proper y and the
by itself,
total destruction of
the
a
State from the Indiana State line to
from Decatur to St. Louis. The
now
a result would
existing.
*
be most disastrous to all the
great interests
involved,
inevitably largely impair the value of all the mortgage bonds.
The bondholders are
opposing the application with great unanimity and
earnestness. Will you,
therefore, please sign the enclosed protest against
the
appointment of
receiver, and append opposite your name the nnmber
and character of the bonds
you hold, and return them
by first post, as the
motion is to be argued cn the 22d
instanl.
a
Jas. A.
Mr.
Harding,
bonds, and
one or more to
been
’
to
Roosevelt, President.
the other hand, claims to own $20,009 of
represent $700,000 more, and says that his suit haa
on
begun because the new company has arranged to use the
earnings of the road to pay off floating debt and later
liena^
thus disregarding the prior claims of
{he older bondholders.
1 net
plan
into
New York, March 15,
application has recently been made to the Circuit Court of the 1877.
United
and would
complicating our bonded interests
other parts of a so-called ‘ through line/ as
bein? both unnecessary and expedient.
“We claim that the control of this
property should be in the
hands of the
bondholders, and we therefore think the stock of
any new organization should be issued to
the present bond¬
The committee
An
States, at Springfield, to appoint
through line
any
holders.
Railroad, be converted
remaining twenty. Most of the bonds are held in New
York, where the agent has already obtained the
signatures of half
tbe bondholders
accepting the scheme.”
Wabash.—The following circular to the bondholders has
been
issued by Mr. Roosevelt, the
president:
Such
‘‘We are
utterly opposed to
with the debts of
their number.”
& North Alabama
uonds, redeemaole in thirty
[March 24, 1877.
THE CHRONICLE.
276
&bc
i m e 5.
Commercial
CoTlAlElTciAL
O O T T O N.
EPITOME.
Friday Night,
Friday. P. M.,
.
March 23, 1877.
44,537 bales last week, 50,742 bales the previous
bales, against
early part of the week under review was unseasonably
cold and stormy, and the progress of spring trade was greatly
delayed. Snow fell and ice formed in the navigable streams of the
North and West, and the expected re-opening of inland navigation
has not taken place at some points.
The weather is now lr^re
The
week,and 08,615 bales three weeks since,
making the total receipts
September, 1876, 3,700.652 bales, against 3,697,764
bales for the same period of 1875-6, showing an increase since
Sept. 1, 1876, of 2,883 bales.
The details of the receipts for
this.week (as per telegraph) and for the corresponding weeks of
since the 1st of
previous years are as follows :
five
There is a renewal of political excitement in New
Orleans, growing out of the contest for recognition at Washing¬
ton by the rival claimants to the office of Governor of Louisiana,
and also some agitation from the same cause in South Carolina,
which extends over the whole South, together forming a serious
spring-like.
March 23, 1877.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (March 23), the total receipts have reached 32,366
1877.
Receipts this week at—
10,720
3,475
1,665
Charleston
obstacle to the revival of business.
12,078
4,936
3,324
6,411
21
43
66
3,230
8,857
14,227
2,982
3,111
3,154
6,218
4,780
9,413
Royal, &c.
Savannah
1872.
24,202
3,650
17,380
2,542
3,211
Mobile
28,749
4,966
2,908
367
New Orleans
Port
1873.
1874.
1875.
IS? 6.
}
speculation in pork and lard has been toward still higher Galveston
4,841
5,508
"5,518
3,449
1,686
776 \ 5,948
1S6
118
27
prices, and at times was active and excited. Yesterday, mess Indianola, &c
4,189
7,299
8,215
8,632
3,196
8,158
pork was salable at $15 on the spot, and for May and June Tennessee, &c
65
432
121
196
201
66
Florida
delivery, but to-day futures were scarcely so firm, the bids being
489
1,347
1,086
932
2,160
North Carolina
1,100
reduced to $14 50(5)14 60. Lard yesterday sold at $10 on the Norfolk
7,780
3,282
12,501
9,854
4,742
7,725
363
453
194
381
368
spot, and brought as high as $10 05 for May, and $10 17^ for City Point, &c
June, but to-day there was a decline of 10(ftl5c. from these
62.938
Total this week
32,366
| 50,186 64,587 50,015 39,189
prices, followed by some recovery after ’Change, when May sold
Total since Sept. 1... 3,760,652 3,697,764 *3,157,200 '3,301,238 3,011,(56 2,386,474
'
&t $9 97£.
Bacon is held higher and quiet. Cut meats have sold
much more freely, including heavy and medium pickled rib
The exports for the week ending this evening reach a total of
bellies at 7f@8c. Butter is unsettled, as between the old and 66,085 bales, of which 43,372 were to Great Britain, 17,882 to
new stock.
Cheese is quiet and steady. Tallow is rather firmer France, and 5,331 to rest of the Continent, while the stocks as
Below are the
at
7I@3c.
Stearine has been active and closes higher, at .made up this evening are now 752,116 bales.
stocks and exports for the week, and also for the corresponding
10f@10fc. for prime Western and city. Beef has been in better week of last season:
y
demand, and beef hams are active, with large sales of prime
Stock.
Exported to
Same
Western at $01 per bbl.
Total
Week ending
this
week
Kentucky tobacco was quiet, and prices without essential
Conti¬
Great
1876.
1877.
March 23.
France
1876.
week.
change; sales 450 hhds., of which 250 were for consumption and
nent.
Britain.
and leaf 8@16c.
200 for exp3rt.
Lugs were quoted at 44@7c.,
60,430 253,991 265,688
49,382
Seed leaf was also rather quiet, the sales aggregating only 859 New Orleans*
2,814
33,295 13,273
2 493
4,160 60,651 48.310
1 234
Mobile
1,259
cases, as follows : 250 cases sundries, 4@30c.; 245 doi New Eng¬
700
700
1,858 20,368 27,575
land, crop of 1875, 10@25c.; 153 do. Ohio, crop of 1875, 3£, 6, 7 Charleston
7,622 29,275 26,521
£85
3,519
<®8c.; 32 do. Wisconsin, crop of 1875, G^c.; and 79 do. Pennsyl¬ Savannah
3,164
6,621 56,402 43,690
vania, crop of 1875, 7£c. and private terms; also, 400 bales Ha
3,516
2,191
Galvestont
1,325
6,082 274,513 180,588
55
3,176
New York
vana, 80c.@$l 10.
3,151
10,892 17,166
In coffees a moderately fair trade in the aggregate has been Norfolk.
955
40,000 45,000
198
3,269
1,571
reported, and quotations show steadiness; the stock of Rio at all Other ports:}:
1,500
ports on the 21st inst. was 98,414 bags, 44,766 of which are here
87,723 752,116 654,538
Total this week..
66,085
5,331
43,372 17,382
Late transactions in mild grades embrace 21,811 mats Java
before arrival, on private terms; 6,117 bags Maracaibo, 1,496 Total since Sept, ill,723,274 370,113 1304,505 2,397,892 2.517,751
bags Laguayra, 1,442 bags Costa Rica, in lots for consumption
Nexo Orleans.—Our telegram to-night from New Orleans snows that (beside*
within our range; 3,075 bags St. Domingo, in transit to Europe.
above exponsi the amount of cotton on shipboard and engaged for ehlmnent at
Molasses and rice have been in jobbing request and steady. that port is as follows: For Liverpool, 5,250’bales; for Havre, li,750 bales; for
Contineat, 12,250 bales; for coastwise ports, 100 bales; which, if deducted from
Raw sugars declined early in the week, owiug to a continued the stock, would leave 211,500 bale:?, representing the quantity at the iandiugand la
the 21st inst. was:
presses unsold or awaiting orders.
dulness.
The statistical position on
t Galveston.—Our Galveston telegram shows (besides above exports) on ship¬
The
■-
....
1
«
•
•
•
•
•
•
•
•
•
•
•
•
•
•
....
....
*
Hhds.
Stock, March 1, 1377
Receipts since March 1, 1S77
Sales since March 1, 1877
Stock, March 21, 1877
Stock, March 23,1876
.
Boxes.
9,603
3,340
6,368
1,808
8,400
17,688
23, 85
10,058
22,930
27,041
Bags.
8,750
Mclado.
109,347
475
636
557
551
137,710
3,060
174.546
73,919
and unchanged, at 17@22c., gold ;
mild grades were again in demand; 6,500 bags Lagu»yra, part at
204c., and 3,600 bags St. Domingo on private terms. Molasses
is steady-at 40@53c. for Porto Rico; 50-test Cuba refining, 38@
o9c.; 300 bbls. New Orleans sold at 38@58c. Raw sugars are
more active ; sales, 2,750 lilids.;
fair to good refining Cuba, 8&@
81c.; Centrifugal, 91fa)10c. Refined in fair request; bards, ll|@
life., and “A”, 10f@10fc.
In ocean freights quite a fair trade in berth room has been
accomplished, though at rates that show some weakness.
Charters are quiet, but as a rule steady, especially at the close,
when there was a better disposition to take hold.
Late engage¬
ments include wheat to Liverpool, by steam, 4d.; provisions, 17s.
6d.@20s.(g/25s. per ton; grain, by steam, to London, 6d. to fill;
do. by sail, 5^d. from store ; do. to Bristol, by steam, 5£d.; and
do. to Glasgow, by steam, 4fd.; late charters—refined petroleum
to Bremen, 3s. 3d.; cases to Java, 35@37c., gold; refined, in bbls.,
To-day, Rio coffee was quiet
To-day, business was
Wheat to Liverpool,
by steam, 4d.; grain to London, by sail, 54d. from store ; do. to
Glasgow, by steam, 4fd.; do. to Cork for orders, 4s. 6d. per qr. ;
refined petroleum to Bristol, 3s. 9d.; naphtha to the United
Kingdom, 4s. 4£d.(a)4s. 6d.
There have been nothing but small transactions in naval stores,
from Baltimore to the Continent, 3s. 6d.
better in charters and quiet in berth room.
other foreign,
the stock,
board at that port, not cleared:
For Liverpool, 7,S00 bales; for
452 bales; for coastwise ports, 1,276 bales; which, if deducted from
would leave remaining 46,871 bales.
t The exports this week under the head of “other po’-ts” include
more 198'bales to Bremen; from Boston, 1,271 bales to Liverpool; from
.
from Balti¬
phia, 300 bales to Liverpool; from Wilmington, 1,500 bales to Havre.
From the foregoing statement it will be seen that,
Philadel¬
compared
week of last season, there is a decrease
of 21,643 bales, while the stocks to-night
are
97,578 bales more than they were at this time a year ago.
The following is our usual table showing the movement of cotton
at all the ports from Sept. 1 to March 16, the latest mail dates:
with the corresponding
in the exports this week
EXPORTED SINCE SEPT.
RECEIPTS
SINCE SEPT.
PORTS.
1876.
1. '
1875.
Great
Britain
France
Other
forei’n
520,698 217,363 109,783
111,929 15,568( CO QO —H
209,050 43,23*>' 62,21.3
214,602 14,742 34,495
431,135 171,999 22,250 22,417
5,440 13,660
163,313 244,776
11,536
2,511 10,606
21,310
88,861
1,221
1,602
431,424 104,324
8,935
84,688 81,011
1,071,663 1,217.82 5
341,516 333.479
Mobile
448,361 378,952
Charleston *
418,209 483,567
Savannah
N. Orleans.
..
Galveston*.
4S3.614
New York..
115,211
19,883
Florida
N. Carolina
119,138
Norfolk*
506,182
..
ports
114,509
Tot. this yr.
3,668,236
Other
Tot. last yr.
.
....
...
....
1 TO—
Coastwise
Total.
Stock
Ports.
299,371
62,332
120,20?
314,518 93,363 25,758
264,(39 156,587 32,955
61,217
216,666 214,163
277,3-31
263,876
19,883
877,844
115.0:0
163,341
....
....
107,147 384,3i6
b!),'. 49
3,855
15,100
32,000
1679,902 352,731 299,174 2331,80? 1144,545
809,919
....
3,634,831 1527,601 322,916
31,427
579,47612430,023
80.956
...
1164,871
’(194,906
Under the head of Charleston is included Port Royal, &c.; under the head of
Gatoe-sfofi
quotations are not as full as of late ; common to good strait ed Point, &c. is Included Indianoia, &c.; under the head of Norfolk, is Included City
rosins, $2 05@2 10; spirits turpentine, 4Gc. In petroleum, some
These mail returns do not correspond precisely with the total of
business has been done at firm prices; crude, in bulk, 10£c., and
the telegraphic figures, because in preparing them it is always
refined, in bbls., 16^@16^c.
In American pig iron, 50,000
made at the ports.
tons held by the Readiug Railway Company have
changed Decessary to incorporate every correctionfeverish ihrougliout the
The market has been excited and
hands, but it is understood to be on the market again ; 500 tons
forge sold at Albany at $18 50; 1,000 tons old iron rails here at week, with frequent fluctuations, hut, on the whole, declining.
Cotton on the spot was on Tuesday marked down to 11-&C. for
$19; 3,000 tons steel rails, at mills, sold on private terms. In
oils, there were sales at New Bedford—500 bbls. crude whale middling uplands, and the decline has been followed by some
business for export, but home spinners' have purchased spar¬
sold ; and at Boston, 1,000 bbls. crude sperm on private terms
Ingot copper s>ld to the extent of 100,000 lbs. Lake at 19f@194c. ingly. and there was little speculation. To-day, the market wa3
Seeds are quiet and nominal.
Whiskey closed at $1 074, tax steady, with a better business for export. For future delivery the
speculation has continued very .active, writh frequent and wide flue*
paid.
and
*
March 21,
1877.]
THE
CHRONICLE.'
tuations in prices.
Influences that, under other circumstances,
would hardly have been heeded, were sufficient to cause a
marked advance or decline, as the case might be.
The downward
course of prices was caused mainly by the
discouraging advices
from Liverpool and the decline of silver at London,
together with
the great accumulation
have encouraged hopes
of stocks.
The comparatively low prices
of a re-action, and the “shorts” have cov¬
ered promptly when an untoward event, however
slight, has
occurred. Thus, on Wednesday a slight advance in silver at
London caused a recovery from the lowest figures
of the morn¬
ing of 20 to 23 points, or nearly £c. Receipts at the ports and
at the interior towns have continued to fall off
sharply, and on
Wednesday the year’s aggregate at the ports for the first time
(according to the reports to the New York Cotton Exchange) fell
below the corresponding period of last year.
Some of the higher
of
estimates
the current cron are not now maintained. The
weather waB extremely cold early in the week, but
latterly warm
rains have fallen, and there is good spring wea her.
To-day,
there was a decided advauce in prices on more favorable
accounts
from Liverpool, with some excitement, the result of the
anxiety
to cover contracts.
The total sales for forward delivery for the week are
,
511,300
free on board. For immediate delivery the
total sales foot up this week 5,248 bales,
including 2,022 for export,
2,531 for consumption, 95 for speculation, and
in transit.
Of the above,
bales were to arrive. The following tables
show the official quotations and sales for each day of the
past week:
bales, including
UPLANDS.
New Classification.
Sat.
Mon.
Sat.
Mon.
Mar.17. Mar.l9. Mar. 17
..?) tt>.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ord’ry.
Low Middling
Strict Low Middl’g
9
10
10
10
.
P-16 9 15-16 9
5-1G 10 5-16 10
11-16 0 r.-:c 10
15-16 •0 15-16 10
11%
11%
11%
11%
Middling
Good Middling
0%
11%
11%
11%
12%
12%
Middi’g 12%
Strict Good
Middling Fair...... 12%
Fair
13%
IN. ORLEANS.
ALABAMA.
*.1%
-
11%
i!%
11%
11%
11%
11%
11%
11%
11%
11%
12%
Tues Wed. Tues Wed
Good Midd Ing
Strict Good Middi’g
Mldd ing Fair
Fair
11%
12
12%
•3%
.
Til.
11%
11%
11%
12
n%
l
78
f 1 /8
1
WH
12%
13%
12^
13%
-
il%
.
FrI.
Til.
FrI.
Til.
FrI.
Til.
FrI.
Mar .22 M ir.23. Mar.22. Mar..:3 Mar.ii. Mar. 23.
Mar.22. Mar.23.
Ordinary
$ n>.
Strict O dina-y
Good Ordinary.
Strict Good Ord’ry.
Low Middling
Strict Low Middi’g
9 13-16 9 13-16 9 13-16 9 13-16 9 15-16 9
10 3-16 10 3-16 10 3-16 10 3-16 10 5-16 10
10 9-16 10 9-16 10 9- 6 10 9-16 .0 11-16 10
10 13-16 10 13-16 :0 13-16 10 13-16 10 15—It 10
...
Middling
Good Middling
11
11
11%
11%
11%
11
11%
Strict Goud Middi’g 12
Middling Fair
;2%
Fair
13%
11%
\\%
12
11% '
11%
11%
!1%
11%
B%
.1%
11%
12%
12%
13%
>2
12
12%
'3%
12%
13%
70 t
600
1,400...
5,100
2,700
4,i00
....
....ll"; 9
....ll-fO
1,800
3.0 0
3,800
4,800.
...
..
..
..
Low
12%
13%
11%
11%
i!%
11%
11%
H%
l'%
11%
...
9 9-16
10 3-16
9 9-16
10 3-16
10
11
0%
Middling
a
1
r%
n%
12%
12%
13%
12%
12%
13%
11%
11%
1/200...
1,30)
1,HH)
....
....
12%
12%
13%
8,400
Ex¬
i
Saturday
Monday
port.
Dull, unchanged..
Steady, unch’ngd.
Easier, loweWednesday Quiet, uuch’ugd.
Thursday.. Dull, irregu’ar....
Friday...... Firm, uuch’ngd
..
:
Total
212
434
700
200
422
500
800
200...
400
too
.
ba'es.
400
For March,
2.531
cts.
™
H-27
1‘iS
•
LU b.q
7th .11*12
1,109 total March.'
1,300
cts
11*39
11-10
11*41
.11 42
11*43
11*41
..
..
00...
1.3c i
..
3,100
.
1,6)01...
;-.l)0...
7 no
11*46
11*4?
ll*43
11-19
11-50
..
For April.
29d
800...
i:*i5
1,100
11.77
11*18
500
300
li-ii
n-22
n-ti
11*21
i -^5
2(H)
1.801'
1.039
2.010
",000
<•*2
soo.
1
l.«0
900....
8.0 JO
,
3C0,
2.030
1,-eo
17 0...
300...
1.101...
400...
2.600
..
11*52
11*53
51)0...
200... ........l1 "55
100...
11-56
..
11*5)
1 201...
n-27
ix-23
.
101...
li-26
400...
I'D...
200...
1 00'...
300..
2 00'.
401...
500...
400...
COO...
U6‘
11-61
...11-62
11-93
11-61
l"65
11-66
11*67
11-68
11-69
.11-29
9 7-16
10 1-16
9 7-16
10 1-16
,0%
-0%
10%
10%
10%
10%
10%
Tran¬
sit.
....
1,500
2,100...
1,(00
500
£00
700
.
....
.
„
...
.
t
600
700
900
500
600
500
5,218
511,300
3,800
774
909
„
..
.
1,058
1,151
107,600
100,000
86,300
98,100
70,000
49,300
1,134
....
95
212
Deliv¬
eries.
Sales.
HT0
11-31
11* fi
..11*33
ii--4
.u-35
17:6
.
’
n*;o
i!-i7
v..:;n-38
5?,400 total April.
For May.
bales.
3,300....
1.800....
1.100....
600
..
1,700....
•2,409....
1,600....
500....
1,%Q
4,6JO
4.4(H)....
1.20)....
2.300....
6,800,...
8.300...
10.500....
6,0)0....
6.7)0....
...
...
•
*
•
t
-
-
10 4(0
.
6,200....
•
•
• *
«
5,90)....
5,00(.
bales.
cts.
..
4,000....
7,7 0....
4,100....
2.201....
4,100
6,v00....
...
9,7'JO.,
•
»T
-
-
-
.11-30
.11-31
.11*32
.11-33
.11*31
.11*35
.11*36
.11 31
.11-38
.11-31
.11-40
.11 41
.11-42
.11-43
.11 41
.11 45
.11-46
.11-47
11-48
.11*19
.11 5)
.11*51
.11*32
.11-53
.11-54
11-55
.11-56
.11*57
.11-53
.11-59
ct°.
,...11-60
...1 *61
11*62
....11-63
....1764
11*. 5
....11-6
11-67
.11* 8
Ir64
..11-70
11-71
2,700
1,100
600
»,
3,900
4,300
7,S0»
.
4.500
3,70)
3,390
.
...
2,000
500
1,(00
1.100...
4*03
4.300
3,100
l.sOO
1,200
1,300
6.100
2,300
1,100
too
1,300
2,000
1,(00
1,0)0
2u0
.
,.
2,i00
...
....11-73
...’1-74
,...11-75
....11*76
—11*77
...11-78
,...11-79
...11-80
....11*31
,...11-82
....
....
200
4(0
2,500
'700
.'...11*98
....12-00
8W)
10
T«k
100
2 0
lilO
SOO
200
1
1755
175ft
1760
1763
1764
1765
860
400
100
•JOO
100
8JJ
....1766
1767
1770
9.600 total Oct.
For November.
1(0
1720
1730
400
1731
72-16
700
1741
1748
1730
U-51
....1755
11-54
200
12- • 4
100
1144
1745
11-46
809
12 10
12-11
100
Sl'O
100
.12-17
1712
12-13
1.500
no
For
1(0
500.
September.
1760
.11*62
1763
1 -64
1765
1766
1767
50)
400
2)0...
800
100
•J0O
For August.
400
1765
30)
...1768
1700.
1767
1.0)0.
...1768
400
1769
1770
2,400.
200
1713
11 '.4
1,400.
5,0)0.
U-:5
1716
8,290.
1710
11 74
11 75
1735
1736
11 83
...11-40
1741
1744
1743
11 45
1750
17£S
...11-54
1757
11 ■««
100
100
2U0
200
300
10)
2(0
400.
800
400
100
100
700
icaa
603
610
500
930
SCO
400
2l)0
303
1 1 (X)
103
ICO
103
70,000 total Aug.
12-10
8,200.
2,900.
1/00.
3,600.
1,400.
1/OC.
1,9.0
2«
.12*04
8,100
cts*
1741
1742
1.700.....
12*02
200
2' 0
44,200 total July.
.
bales.
12-01
12-05
12-06
12 07
12-08
1,100
12 02
12-04
12*05
12-8
12 17
12-03
12-09
200.
2)0.
500.
60J.
...
70)
100
1.100
1/00
8,70 *
2.400
1/91
aoo.
7,800 total Nov.
For December.
200
.1723
300
1726
700
1730
3*0
1731
100
1732
600
,.1735
70C1738
800
1789
900
1740
100
11*42
.1776
1717
11 78
1779
1780
11 81
178 “>
17f9
1790
s
1797
100
5.900 total Sept.
1777
For
800
300
SO)
50)
200
July.
The
...174
300
5 0
200
ion
400
1754
1755
11 57
1759
following exchanges have been
11*58
...
1759
.
.
1P60
11-62
1763
.
17.8
1779
For October.
SCO
1733
100
173(
17*0
1761
11 82
1783
10,*
1738
17(0
1735
100
6,100 total Dec.
600...........1710
made during the week :
pd. to exch. 600 April for August.
.12 pd. to excu. 10J June for
Juiy.
4500 May exch. fo'- Oct her e .eu.
.50 pd. to exch. 5 0 April for
August.
.51
The following will show the
closing market and
future delivery, at the several dates named :
Fri.
Sat.
Mon.
l
Easy,
lower.
11*25
11-37
11*51
11*64
11-75
11-80
1756
11-32
1726
1726
Firm,
higher.
lower.
Gold..
Exchange..
4.(2%
Market cl
se
March
..
,...11-83
l’*S4
.11-85
.
...11*86
,...11-87
,...11*88
203,2' 0 total May,
iw%
prices bid for
Tues.
Steady,
11-70
11*72
1783
12*00
12-10
1217
1797
17(8
1760
1760
Easy,
lower.
1,-25
11-27
1747
1751
1767
1781
11*91
1793
1782
11*52
.
Wed.
Stea iy.
higher.
11 45
1743
lower.
11.23
1731
1746
1761
1773
178!
1763
1747
1736
1736
1734
17.85
17(0
1765
11 42
1756
1767
17 75
1762
1739
1727
1727
Thurs.
Fri.
Steady, Steady.
1776
11 "o5
1767
1719
1733
1733
higher.
1742
1744
1759
1774
1786
1796
1773
1764
1754
1754
!04V
4.82
104%
104%
114%
U'4%
104%
4.62
4.(2
4.82
4.o2%
It will he observed that November aud December close
higher than March and
April, the reverse of last Friday.
..
4.‘2%
The Visible Supply
op Cotton, as made
up by cable and
follows. The continental stocks are the figure*
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and
consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Mch. 23), we add the item of export*
from the United States, including in it the exports
of Friday
only;
telegraph, is
FUTURES.
Total.
....
93
2
6,800
100.
700
1,6)0.
August
For forward delivery the sales (including
free on board',
have reached during the woek 511 300 bales
(all middling or on
the basis of
middling), and the following is a statement of the
sales and prices:
hale*.
8,500.
11-sj
October
9 7-16
10 1-16
....
481
431
563
351
2,622
.
81 0
....11-83
....1781
...11-35
....11-86
11 87
....11-33
....1739
....11*90
....11-4
....1792
...,11-ifS
1794
....1795
....11*95
September
10%
ConSpec¬
sump. ulate
..
...
Tuesdav
90
1,700.
...
2,100
July
9 7-16
10 1-16
SALES OF SPOT AND TRANSIT.
Closed.
1,200.
1,500.
.11*81
....
2.500
1,500.
1,600.
...
.
2.6(H)
1737
600.
3.300
8..00
1.80U
2,500...
1.900
11-89
171)0
1791
1792
11 *93
1794
179)
1797
1768
1799
12-Ot)
1,000.
....11-77
....11-73
....11-79
....u-so
....
4,9v0
2,100
...
800
11^6
COO.
2.100.
....
2.SOO
1,80$)
eoo
1,90 K
...
June
MARKET AND SALES.
Spot Market
700
TOO.
..
April
May
Sat. Mon. Tues Wed. Th.
FrI.
Mar.17. Mar.19. Mar.,0. Mar.il. Mar 22. Mar.23
Middling
3/00.
....11-65
....11-66
1P67
.,..1768
11-70
...11-71
11*72
....11-73
....U-74
11-75
....
...
Good Ordinary
Strict Good Ordinary
£00.
2JO.
....
1,3 «*...
490
900
6'00
2.000
l.Ojd
'1-61
.1P62
.11*61
300
11-35
■ 786
1737
11-33
1791
1 9
1791
11 91
11 95
1796
1797
17 <8
7-49
12-00
1,300
1777
1779
11-80
1781
1783
1784
1735
700
590
..
900
5.7U)
6,300..
2,600. ..;
1,7»*).
1.6)0.
....11-56
11 57
..17*58
11-34
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
15-16
5-16
11-16
15-16
STAINED.
•
1*) 0
November....,
December.
11
11%
11%
15-16 9 15-16 9
5-16 10 5-16 :0
11-16 10 11-16 10
15-16 0 15-.G 10
1769
1770
1771
1772
1773
1774
1775
cts.
1,709
1,600
.10 pd. to exch. 1(q .June for July .31 pd. to exch. SO) May for August,
.50 pd. to txcii. 1 00 ■ April for August.
.3j pd. to exch, 50J April for June.
1 78
'3%
6JO
11 53
....11-54
....11-55
1,830^..
12%
12%
3%
tl’fiF)
bales.
1767
*00.
5044.
300
700.
102,000 total June.
11%
-
r.%
12%
12%
fyt
1,30)
1.000
806
11-16 9 15-16 9 15-16
5-16
:0 5-16 10 5-16
11-13 10 11- 6 ;0 11-16
-.5-16 10 15-16 10 15-13
11%
11%
1! %
cts.
1761
11*65
1766
1,400.
l.Ot 0
.
1,2)
12%
12?g
13%
11%
bales.
109.
500.
4U0.
400.
9 10.
...
3 JO
9
10
10
10
1 /B
.
1.400
12
12%
2%
!3%
IV4
12%
12%
*l
.
4-16
7-16
13-16
1-16
12
13%
12%
13%
13%
11%
11%
!2%
•
12
12%
»
/a
n%
11%
12
*
\ \ \z
i1
10
10
10
11
11%
...
^3
10 l 16
10 7-16
10 13-16
11 1-16
12%
12%
!3%
lb. 9 13-16 9 13-16 9 13-.6 9 13-16 9 15-16
Ordinary
Strict Ordinary.
10 3-16 10 3-16 u) 3-16 10 3-16 10 5-16
Good Ordinary
10 9-16 10 9-!6
0 9-16 10 9-16 10 li-i6
Strict Good Ord’ry. 10 ;3-.6 10 13-16 0 r 3-16 10 13-i6 .0
15-15
Low Middling....
i:
11
11
11
11%
Strict Low Middfg ■IX
11%
11%
A
1-16
7 “16
13-16
1-16
Tues Wed. Tues Wed.
Mar 2 *. Mar.il. Mar..0. Mar.il
Mar. 20. Mar 2.. Mar.20. Mar.il
•
Mon.
Aiar.lt. Mar. 19.
11%
12%
12%
13%
3%
Sat.
11%
12
12%
12%
12%
13%
13%
[Moil
Mar .17. Mar. ly.
15-16 9 15-16 10 1-16 10
5-16 10 5-16 10 7—16 10
11-16 ,0 11-16 10 3-16110
15-16 10 13 16 il 1-16 11
....
....
TEXAS.
Sat.
Mar .19
For June.
b«M.
cts.
1,100
....11-47
300....
....11-46
800
700
11-48
800
2,600..... ....11-50
£00
...1.-51
1, 00
Is*52
27 T
as
1877.
Stock at Liverpool
Stock at London
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
838,500
210.250
194,f 00
61,500
1875.
1874.
832,000
106,500
701,000
3,000
:
at other continental ports..
Total continental ports
875.500
139,500
123.000
7.500
4,500
64,000
.
174,500
938.500
72,000
33.000
94.000
18,500
51,750
47,000
32,500
75,250
10,000
6,750
..
at Amsterdam
at Rotterdafh
at Antwerp
777,000
1,096,030
..
Stock
Stock
Stock
Stock
1876.
-
1,070,000
26,C00
52.250
43,000
17,2:0
13,750
19,500
11,090
6,000
14,500
11,750
53,000
27.000
33.000
64,500
24,750
10,250
12,000
18,500
37,000
432,250
Total European stocks
477,000
317,250
409,000
1,528,250
1.315,500
India cotton afloat for Europe....
American cotton afloat for Europe
1,255,750
1,284,500
217,000
364,000
159,000
265,500
533,000
269,000
596,000
Egypt, Brazil, &c.,afloat for E’rope
42,000
752,116
92,209
15,000
607,000
53,000
82,000
79,000
654,538
103.702
650,918
83,695
664.266
93.102
23,000
20,000
20,000
baies.3,010.575
2,980,830
2,905.863
Stock in United States ports
Stock in U. S. interior ports
United States exports to-day
Total visible supply
o# tho
th« total* of American and other
descriptions
3.005,868
.
are ar
follows
American—
Liverpool stock
Continental stocks
American afloat to Europe
Or.ited States stock
United States interior stocks
United States exports co-day
Total American
Total East India, Ac
744,OOG
443,000
510,000
352,000
282,000
567,000
654.538
151,000
538.CG0
364,000
752,116
92,209
15,000
bales.2.319,325
691,250
Total visible supply—baleB. 3,010,575
Price Middling Uplands, Liverp’l. 6*d.
650.918
93.695
347,000
219.000
596.000
664,266
93,102
20,000
20,000
2,173.330
807,500
1,963.613
942,250
1,939.363
1,066,500
2,980,830
2,905.863
3,005.868
6 9-16CI.
7%@8<b
8%@SX<1?
103,792
23,000
278
THE CHRONICLE.
These figures indicate an increase in the cotton in sight to-night
of
29,745 bales
compared with the same date of 1876, an
increase of 104,712 bales as compared with the corresponding
dAte of 1875, and an increase of 4,707 bales as compared
as
with 1874.
At the Interior Ports the movement—that is the
And shipments for the week and stock to-night, and
receipts
for the
corresponding week of 1875—is set out in detail in the following
statement:
Week
ending Mch. 23, 1877.
Receipts. Shipments.
Stock.
Week
ending Mch. 21, 1876.
Receipts. Shipments. Stock.
March
‘.4, 1877,
and
a rainfall of
eighty hundredths of an inch.
is about completed in this neighborhood.
Corn
planting
®
Macon, Georgia.—Telegram not received.
Atlanta, Georgia.—One day this week has been showery, the
rainfall reaching twenty hundredths of an inch. The
thermome¬
ter has averaged 52, the
highest being 70, and the lowest 27.
Columbus, Georgia.—There has been rain here this week on two
days, the rainfall reaching two and five hundredths inches. The
thermometer has averaged 57.
Savannah, Georgia.—It has rained on two days this week, but
the remaining five days have been pleasant.
The thermometer
has ranged from 40 to 79, averaging 58.
The- rainfall has
reached
Augusta, Qa
Ooiombus, Ga
Macon, Ga
Montgomery, Ala
970
171
148
141
167
..
Selma. Ala.
Memphis, Tenn
2,615
Nashville, Tenn...
4,715
4,316
2,439
53,727
5,483
1,955
671
7'j7
907
8,584
955
14.873
342
*
10,471
7,875
1,373
4,441
6,377
7,175
61,778
5,675
10,012
92,209
11,351
21,401
18
1 06
715
383
2,500
157
491
314
513
8,928
1,851
1,039
2,426
3,655
3,323
6,0*6
66
324
57
241
321
354
82
10
580
643
5,145
1,113
1,138
19,775
4,818
14,693
19,935
59,488
41,336
163,280
stocks
have
543
..
1,364
200
62
1,970
523
74
90
16
300
122
4r0
2,500
13g
399
034
174
459
600
501
30,851
1,464
3,021
1,140
11,748
2,722
6,007
8,137
10,347
65,832
15,914
20,359
159,041
1,983
12,653
totals
show
that the
old
27,065
interior
during the week 5,490 bales, and
2,640
therefore, been going on uninterruptedly.
to-night 11,583
The receipts at the
are
Grasshoppers
are re¬
little damage in Texas.
Galveston, Texas.—We have had a sprinkle on one day of the
week, the rainfall reaching only three hundredths of an inch.
The thermometer has averaged 05, the
highest being 75, and the
lowest 55.
There are millions of grasshoppers
nearly every¬
where, and some little damage is reported.
Indianola, Texas.—There have been showers on two days this
week, the aggregate rainfall being fifty-six hundredths of an
inch.
Average thermometer, 65 ; highest 78, and lowest 52.
Millions of young grasshoppers have appeared, and
damaged
gardens, and to some extent young corn and cotton, but there is
Corsicana, Texas.—It has rained
on two days,
to a depth of one
thirty-five hundredths. There are myriads of young
grasshoppers, and some damage to young wheat and gardens
reported. The thermometer has ranged from 37 to 85, averaging
inch and
63.
Dallas, Texas.—It has rained on only one day here, the rainfall
reaching twenty-five hundredths of an inch. The thermometer
has averaged 71, the extremes being 44 and 77.
Planting is
making good progress. Grasshoppers are abundant, but a dispo¬
sition to migrate northwestward is reported.'
Though much
damage is feared, no serious damage has yet been done.
New Orleans, Louisiana.—We have hau rain on two
days, and
hundredths of an inch. The thermom¬
rainfall of thirty three
eter has averaged 59.
Shreveport, Louisiana.—The weather during the week has
been all that could be
desired, and work on plantations is pro¬
gressing satisfactorily. The rainfall for the week is ninety eight
hundredths of
an
inch.
parison:
-
New Orleans..Below
inch.
The thermometer has
averaged*62,
the
high-water mark
Above low-water
Memphis
Nashville.... .Abovelow-water
Bhreveport. ...Abovelow-water
Vicksburg. ...Above low-water
mark
mark
mark
mark........
/—M’ch 22, ’77—, r-M’ch 23, ’76.-,
Feet.
Inch.
Feet,
Inch.
12
4
2
o
2
4
30
2
10
16
27
7
11
9
21
19
40
7
5
0
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-lOths of a foot above
1871,
16 feet above low-water mark at that point.
Shipments.—According to our cable despatch received
to-day, there have been 6,000 bales shipped from Bombay to Great
Britain the past week, and 22,000 bales to the Continent; while
the receipts at Bombay during this week have been 55,000 bales.
or
Bombay
The movement since the 1st of January is as follows. These are
the figures of W. Niicol & Co., of Bombay, aDd are brought
down to Thursday, March 22 :
—Shipments this week-%
some
not much cotton up as yet.
A
an
692
bales less than at the same period last year.
same towns have been 6,835 bales less than the same week last
year.
Weather Retorts by Telegraph.—The weather
durmg the
week has been generally favorable, and crop preparations have,
ported to have done
hundredths of
4,035
1,026
2,109
Total, new ports
a depth of one inch.
Augusta, Georgia.—We have had a light rain on two days the
earlier part of the week, but the latter part has been clear
and
pleasant. The thermometer has averaged 57, the highest being
75 and the lowest 37.
The rainfall for the week is
twenty-six
Charleston, South Carolina.—It has rained on three days of the
101,792 week, with a rainfall of two and
ninety-eight hundredths inches.
The thermometer has ranged from 37 to 71,
623
averaging 56.
The following statement we have also received
4,489
by telegraph,
5,218 showing the height of the rivers at the points named at 3
o’clock
3,626 March
22.
We give last year’s figures (March 23,
1 246
1876,) for com*
53
50;)
.
deoreaaed
757
3:2
210
445
631
13,829
7,650
4.516
Dallas, Texas
Jefferson, Tex.,«*£.
8hreveport, La
Vicksburg, Miss
Columbus, Miss....
Eufaula, Ala
Oriffin, Gft
Atlanta. Ga., est.
Borne, Ga
Charlotte, N.C., est.
8t. Louis, Mo
Cincinnati, O
Total, all
4,9 7
2,234
301
Total, old ports
The above
564
572
444
543
743
Great
ConBritain. tlnent.
Shimnentssince Jan.l-,
^-Shipments since Jan. 1—.
Great
Total.
,—Rei
Ree.elp-.
This
Since
week.
Jan.l.
,
-
Con-
Britain. tlnent.
Total.
6,;’ft0
28,000
120,000
22,000
97.000
55,000
217,000
332,000
5,00)
9,000
14,000
107,000
85,000
192,000
41,000
203,000
248 000 138,000
32,000
20,000
52,000
336,000
51.000
526,000
From the foregoing it would appear that, compared with last
1877...
1876...
1875.
.
..
..
..
year, there is an increase of 14,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 25,006 bales,
compared witn the corresponding period of 1876.
Gunny Bags, Bagging, &c.—There is but little to note
in regard to bagging.
The demand is s’ill small, and odIj
small parcels are being taken.
There have be^n about 500 bales
taken at about 12fc., and this figure will buy further lots at the
close. Butts have come to hand quite freely, and about 25,000
bales is the amount received at the various ports for the week.
There is a fair demand, but the market is ruling rather in
buyers
favor.
We heard of sales in lots of 4,000@4,500 bales, at 3i@3£c.
the lower price Sor large parcels. At the close, holders
quoting these figures, but no great anxiety is shown by buy¬
currency;
are
ers
to take hold.
Liverpool, Mch. 23—3:30 P. M.—By Carle from Liver¬
pool.—Estimated sales of the day were 7,000 bales, of which
1,000 bales were for export and speculation.
Of to-day’s sales
5,250 bales were American.
The weekly movement is given as
follows:
Mch. 2.
Sales of the week
Forwarded
Sales
bales.
erican
of which exporters took
Am
Mch. 9.
Mch. 16.
56,Ol<0
12,000
38,000
3,000
6,000
52,000
31,000
35,000
10.000
21,000
4,006
34,000
3,000
3,000
937,000
Mch. 23.
45,000
19.000
30,000
7,000
3,000
1,070,000
of which speculators took
3.000
highest point reached being 82, and the lowest 42.
Total stock
805.000
1,03,000
Vicksburg, Mississippi.—It has rained this week on three
of which American
592,000
627,000
752,000
744.000
the rainfall aggregating forty-one hundredths of an inch. days, Total import of the week
310,000
102,000
54,000
177,000
The
of which American
thermometer has averaged 59, the extremes
78,000
76,000
i;2,ooo
34,000
being 37 and 77.
4,000
4,000
3,000
4,000
Columbus, Mississippi.—There has been a rainfall, during the Actualexport
Amount afloat
469,000
428,000
312,000
335,000
earlier portion of the week, of ninety hundredths of an
of which American
369,000
323,000
214,000
211,000
inch, but
The following table will show the daily closing prices of cotton for the weel:
the latter part has been clear and pleasant.
Planting is making
S'pCt.
8atnr.
Mon.
Tnes.
Wednes.
Thurs.
Fn.
jgood progress.
Mid. Upl’ds. ..@6 5-16
@6 5-16 ..@6 5-18.. @6*4
..@6J4
..(S6tf
Little Rock, Arkansas.—The weather
..@6#
during the week has Mid. Orl’ns.
..@6tf
..<&6 7-16 ..@6 7-16.. @6 7-16
fjeen pleasant, with a strong southeast wind most of the
Futures.
time.
These sales
•Planting interests are progressing favorably. Average thermome¬ wise stated. are on the basis of Uplands, Low Middling clause, unless other¬
ter <55, highest 79, and lowest 32.
Saturday.
Nashville, Tennessee.—Rain has fallen on three days this week, Mar.-*pr. delivery, 6 3-32d.
Apr.-May delivery, 6J4d.
May-June delivery, 6 ll-32d.
*he rainfall aggregating sixty-eight hundredths of an inch’. Apr.-May delivery, 6 3-l“d.
May-June delivery. 6 9-32@5-!61.
June-July delivery, 6 7-lbd.
Average thermometer 50, highest 75, and lowest 26.
June-July de’ivery, 6 ll-32®%d.
Jaly-Aug. delivery, 6^d.
Memphis, Tennessee.—It has rained on one day, the rainfall July-Aug. delivery, 6 7-l6d.
Apr.-May delivery, 6 9-32d.
May-June delivery, 6?*d.
retching thirty-two hundredths of an inch. The thermometer Mar.-Apr. shipment, sail, 6 ll-32d.
Mar.-Apr. delivery, 6Xa.
Apr.-May delivery, 6%d.
has averaged 65, ranging from 33 to 77.
Apr.-May delivery, 6 7-32d.
May-June deliver}^, 6 11-32(1.
Mobile, Alabama.—It has been showery two days, hut the bal¬ Juiy-Aug. delivery, 6 I5-32d,
Apr.-May delivery, 6 7-32d.
ance of the week has been
June-July delivery, 6 13-32dc
pleasant. Average tli rmometer 57, Mar.-Apr. delivery, 6 S-16d.
Monday.
highest 78 ajad lowest 35. The rainfall for the week is forty- Apr.-May delivery, 6 ll-32@3-16@9-32
June-July delivery, 6#d.
fieven hundredths of an inch.
.
..
.
.
®Vd.
Montgomery, Alabama.—We have had rain on two days of the
week, to a depth of ninety three hundredths of an inch. Average
thermometer 55, highest 76 and lowest 31.
Selma, Alabama.^-The weather here has been fine, and prepara¬
planting are making good progress. We have had rain
on one
day.
Madison, Florida.^The thermometer has ranged from 70 to 46
during the wtek, averaging 58. There has been rain on one day
tions for
May-June delivery, 6 7-!6@18-32@%d
June-July delivery. 6^@15-32d.
July-Aug. delivery, 6 9-16d.
Feb.-Mar. shipm’t, sail, 6 7-163.
Apr.-May delivery, 6 9-32d.
May-Juue delivery, 6 13-.32d.
June-July delivery, 6 7-16d.
July-Aug. delivery. 6 17-3?@}4d.
Feb.-Mar. shipment, sail, 6 5-l(jd.
Mar.-Apr. shipm’t, sail, 6 7-16d.
Apr.-May delivery, 6 5 16d.
July-Aug. delivery, 6 17-323.
Feb.-Mar. shipment, sail, 6*4(L
Apr.-May de’ivery, 6 9-32d.
June-July delivery, 6 15-32d.
Landing, 6 7-32d.
May-June delivery, f%d.
Mar.-Apr. shipm’t, sail, 6 15-32(5*
Apr.-May. delivery* 6j£d.
Apr.-May deli very,'6 9-82d.
June-Ju'y delivery, 6 7-16d.
July-Aug, delivery. 6%d.
March
24, 1877.]
THE
CHRONICLE.
279
Tuesday.
Landing, 6 3-16d.
Apr.-May delivery, 6&d.
June-July delivery, 6 7-16d
July-Aug. delivery, 6 17-3>@#i].
Apr.-May shipment, sail 6#a.
May-June delivery. 6 ll-32d.
May-June delivery, 6 5-I6d.
Apr.-May delivery, 6 7-32d.
Juue-JuJy delivery, 6 13-32d.
Mar.-Apr. delivery,
Feb.-Mar.
Apr.-May delivery, 6 5-32d.
May-June delivery, 6 7-32d.
Feb.-Mar. shipment, sail, tijfd.
Thursday.
I
July-Aug. delivery
| July-Aug. deli very’
I
Landing, 6/*d.
Apr.-May delivery, fi 5-32® >*d
May-June delivery, 6
Jaue-July delivery, 6 ll-32®5-16d.
192.3Paprethi,
I
Apr.-May delivery, 6>id.
May-June delivery, 6 7-?2®3*@9-32d.
June-July delivery, b 5-l6d.
Julj’-Aug. delivery, 6 11-32® ?i@13-32d
Aug.-Sept, delivery, b 15-3;d.
Feb.-Mar. shipm’t.saii, 6j*d.
Apr.-May delivery, b 5-32d,
of
^...
Boston—To Liverpool, per
steamer Palestine,
1,616
Philadelphia—To Liverpool, per steamer
Dominion, 21
16d.
The particulars of these
^m
...
3,965
5.2-6
Liverpool
Other British Ports
3,106
210,533
51
7,394
3,151
247,927
5,465
....
3,t85
....
296
...
....
...
....
25
....
5,465
e» o o
Hamburg
Other ports
•
•
•
•
•
...
Europe.
Mlothers
•
•
>
..
5C0
Bpain.Oporto&Gibraltar&c
lotal
3,685
5,286
...
Bremen and Hanover
to N.
date.
2S6
Total French
Total
Mar.
21.
....
4.165
Havre
Other French ports
to
14.
25
SO)
Total to Gt. Britain
Mar.
t
.
....
.
•
•
•
•
•
9,649
2,2*6
.
1,586
....
..
13,160
....
....
....
Spain, Ac
....
Grand Total
•
....
•
....
4.S61
•••
.
5,286
•
w.
•
•
*200
•
3 685
Since
Sept. 1.
Savannah
Mobile
Florida
8’th Carolina
fTth Carolina.
Virginia
North’rn Ports
Tennessee,
Foreign..
&r
...
Total this year
Total last
year.
3.254
2,396
97,793
70981!
625
12,307
8,370
1,081 21,001
j This
| week.
BALTIMORE.
Since
This
Sept.l.
week.
...
Since
Sept.l
916
l,0i0
365
703
15,767
116,251
67.254
77.206
!
....
803,994
724,477
4,50 208,061
So far
exports
as per
as
95
814
latest
.
:
...
5,100
|
....
1,221 47,032
)
983
40,947
12,09)
51,832
49
36,515
....
11,40? 261,836
18.562
•
861
....
9,239
•
,
1,292 75,050
S,166
....
14.R36
•
C04
•••
,
.
,
m
•
0
....
...
.
.
.
1,650
....
1,252
....
....
f
1,L3
51
75
....
10,869
4
5,290
1,500
•n o o
,
197
•
•
•
....
....
197
....
21
1,616
91
....
we
1.672
to
70,219
Glasgow;
give all
news received to
date of disasters,
&c., to
cotton from United States
ports :
Gov. Gaj
and.—Memphis, Tenn., March 1P\— A private
B.iun. Ark., states
telegram from Pine
that the steamer Gov.
Garland, from Pine Biuff for
Memphis, was burne 1 yesterday at Red
of the Arkansas
Fork, 40 miles from the
carrying
River. All the hooks and
month
board 650 bales of
cargo were lost. The boat
cotton, mostly for New
believed to have been insured.
Orleans, which is
The Garland was
and cost $2>,0G0.
odI.v about a year oid
She was owned
by Capt. John N. Harbin and
and was insured in
Cincinnati offices for
others,
Gracia
$15,0C0.
had
on
(973 tons -8pau.)—Str.
Ontario, at Liverpoo1 Mch. 5,
phia, reports that on
February *26th. in Jar. 46 N. Ion. 41 from Philadel¬
with a Spanish
W., she fe 1 in
steamer wiih two masts
and
double
brig
bottom.
Lousiana, bark
(63) tons.
vessel A1 tif. and
smooth
Ital.), from NewT Orleans, collided with
the French
subsequently s ruck the pier in entering Havre
damage trifling.
March
Lawton, bark (7(3 tons, of Yarmouth,
N.S.), at Liverpool Feb. 28 from
Charleston, was in collision same
day in the Mersey, and was
damaged on the starboard bow.
slightly
Juliana, brig('p.), from
Gilvoston, before reported as having
Michaels in d stress,
putintoSt,
repaired, sailed and arrived at Havre March 6.
Sull.van Sawin, schr. f oin
Savannah for Liverpool, before
and soiiled Mar h 17 for
reported, repaired
destination.
A bale of
cotton, partly burned, was passed March
4, lat. 42 59, Ion. 33.
Cotton freights the past week
have been as follows:
Liverpool.
4:
Mary
*
548
2,183
2,450
51
•
5,290
Steam.
1,180
9,337
.
13J17
93.241
74.149
213,457
11,257
v
3,176
31,023
1,000
13,086
-
1,672
,
.
'
29
356
632
70.27D the past week,
are
6 241
115,664
Shipping News.—The
States bales.
Sept.l.
V
2,00)
1.000
....
327,776
i
New Orleans..
Texas
week.
....
topsailyard and red funnel with black rigged forward, having
follows: “ HNLF (Gracia
top. which signalled as
(s) cf Bilboa), give notice
to refit at New •
'rlean?, Liverpo 1.” The steamer shaft broken, intend
and seemed to be
required no assistance
sailing about eight
270,150
fine, and wind westerly. The master miles an hour; weather at the time
of the Ontario
was from New
believes the steamer
Orleans for
Liverpool, and that her intention was to re¬
1,915
pair at sea. [Steamer
Gracia, from New Orleans for
a-TOutre Feb. 12.]
Liverpool, left Pass*
Lone Star, str. (1.705
tons), Forbe-% from New Orleans of
1,915
and for New
put into Key West March
York,
19, “ broke down.”
Isaac Webb -Schr. Uniao
arrived Livetpool March
20,5?6
Jrorn ship Isaac
2d,from Fayal, with cargo
Webb, before rep rted.
8,374 Kalema, baik (Br.),
Douglass, from Gdveston for
26,390
on fire at
Liverpool, before reported
Liverpool, March 12, was full of water on
the 13th, aud the
cargo was being discharged.
55,290 Kalisto, ba k (Nor), Struv, for
Quee* st»wn. for orders,
ebb tide at
Beaulort, S. C., ilch. 1', and remained grounded at quarter
12
until the next
tide, when she floa ed,
high
apparently unirjurtd, having lain on a
409
and even sand
!
week.
Since
'
....
Below
268,506
1,641
421
jPHILADELP’lA
This
1
This
»
•
vessels
year.
i
BOSTON.
•
....
•
....
45,237
51 13,230 3,582
1.16) 1,252 8,075
Included in the above totals
are, from New Yoik, 51 bales
from New Orleans, 916
bales to Vera Cruz.
prev’ur
The
NEW YORK.
•
....
Total
Same
period
following are the receipts of cotton at New
York, Boston,
Philadelphia and Baltimore for the
past week, and since Sept. 1,
*76:
bece'ts prom
•
Philadelphia..
267,052
3,176
•
rtaliimorc
200
.....
....
..
....
WiJmingt jl...
from New York
since Sept.l,
1876
7.
.
Genoa.Total.
t
^
1,932
form*
Gotten- Bar-
.,
9,2-5
...
our usual
Reval. burg, cel’na.
....
Boston
previous year:
Mar.
,11
Bremen.
25
...
Texas
6 13-32d.
Total
70,279
Cork. Havre.
18,2(8
....
,
Beaufort
Savannah
3.10.)
....
Mobile
shiDmeut, sail, 6 9-)2d
Apr.-May delivery, b 7-3id.
May-June delivery, fc 5-lbd.
WEEK ENDING
pool.
New York;...
N. Orleans.
fiJ/d
EXPORTED TO
21
shipments, arranged in
Liver-
June-July delivery, C^d.
Apr.-May delivery, b 3 16d.
June-July delivery, b^d.
Feb.-Mar.
Feb
28.
follows:
6 13 aon
Cotton from New
Cotton(bales)
197
1,815
Total.....
York, and their
direction, for each of the last four
weeks; also the total exports
and direction since
Sept. 1, 1876; and iu the last column the
for the same period of the
total
of
7,*81
1,650
1,168
..
York, this week, show a
decrease, as compared with last
week, the total
bales, against 3.685 bales last week.
reaching 3,176
Below we give oar
table showing the
usual
exports of cotton from New
Exports
d.
.
...
—Q# 7-32® (^comp.
c.
c.
Ji'comp.
7-32®
?4ccmp.
^comp.
comp.
—7-32® j* comp.
%comp.
%comp.
^coinp.
2£comp.
—
Wednesday.
Thursday..- —®}£ 7-32ftJ^coinp.
Friday
*
—7-S2®jtfeomp.
Market auiet.
1,612 99,693
BRE
1,796 97,938
of
cotton from the
mail returns, have
the Southern
ports are
—Havre.—*.—Bremen.—,,—Hamburg.--*
Steam. Sail. Steam. Sail.
Steam.
—7-32®\comp.
Saturday..
Monday
Tuesday.
,
Sail,
d.
c.
Sail.
c.
% comp.
romp.
2£comp.
f4'comp.
%comp.
% comp.
54 comp.
% comp.
%comp.
■Jicomp.
%coinp..
•v
United
reached
the same
concerned, these
exports
The Chronicle last reported by telegraph, and published in
Include the manifests Friday. With regard to New York, we
of all vessels
cleared up to
night of this week.
Wednesday
KuwYoni—To Liverpool, per steamers
Total bales
Germanic, 417
415
City of Brusiels, 869....per ...WyomiDg,
l.biO
ship Kenyon,
I
To Glasgow,
per steamer State of
3,100
To
Pennsylvania, 51
Havre, per steemer Labrador, 25 Sea
51
There lias been
a
ADSTUFFS.
better
Friday, P. M.. March 23, 187T
general demand for flour
the past
week, and supplies being
comparatively small, there is
advance.
The home trade has added
the
the
able parcels of the low
grades.
than a year ago, at
but
some
liberally to the stocks in
hands of dealers; and
shippers, though not doing much in
way of large lines, have been
industrious in
securing desir¬
Supplies continue much smaller
nearly all pointe. To-day, there was a firm
only moderately active market.
The wheat market has been
more active and
prices are higher.
Orleans—To Liverpool, per steamers Island
There was a very good demand
25
from city millers, and
Mayaguez, 357—Student,
ships Wn. M. Reed. 4,261....
shippers
took moderate
Anglo-American, 5,331
quantities for the continent.
per bark Regina, 2,712
To....Ardenlea, 4,349
Receipts have con¬
Havre, per ships
18,243 tinued extremely small at all
Octavin, 3,103
L. B. Gilchrist,
barks Tigri. 1,181
3,93o ...per
points, and the visible supply is much,
To
...Proserpina, 1,039
5,255 reduced. The weather in ‘he Northwest has been
To Bremen, per bark Hilda. 1,532
cold and
Barcelona,
1,932 much snow has
stormy;
To Gmoa, per per steamer Vidal Sala, 2,000
bark Bolivar, 1,672
fallen, and the preparation of the soil for
2,(00
To Vera
Cruz, per steamer
1,612 spring sowing has been much
City of Merida, 916
Mobile—To Barcelona,
impeded; but the prospects for &
916
per
'"arleston-To Liverpool,schooner J. B. Gilkey, 1,00'J
1,000 good yield of winter wheat are not impaired. The
per ship Anuabella, 2,218
barks La Plata,
business in
Upland... .per
1.878 Upland and 112 Sea
regular grades has included No. 3
Upland... .George, 5,154 Upland and 62 Island....Ponema, 1,910
Chicago at $1 34(3)1 85 n
Sea Island
5,334 store, and No. 2 Milwaukee at $1 45(3)1
46, in store and aHoat
,
51
Upland....
.
Charleston.
June-July delivery,
2,450
1,252
Caeimira, 25 Upland.... Ventura, 50
Uplan i.
Texas—To Liverpool, per
75
ship Nonatum, 3,641
per bark
Wilmington—To Havre, per bark
Ibex, 1,640. 5,290
Apotheker, 1,500
Baltimore—To Liverpool, per steamers
1,500
and 74 bags
Victoria, 100
Austrian, 23
(p/d^'
Friday.
1,550 Up¬
.
are as
Apr.-May shipment
May-June deUvery,’b
Prodomo,
per bark Excelsior,
1,252 Upland
Beaufort—To Cork, for order",
pt-r
51 Sea Island
Savannah-To Liverpool, per
ship Andrew Jackson, 8,652
per bark John brain
y, 3,829 Upland..'.
To Bremen,
per bark Iris, 1J 50
Upland.
To Reval,
per b ;rk Hilda. 1,163
To
Barcelona, per brigs Nueva Upland
June-July delivery, b 11-32J.
May-June delivery, 6 9-321.
June-July delivery, 6>«d.
July-Aug. delivery, b 13 3?@?-lGi.
Apr.-May delivery, 6)*d.
Upland
Gottenburg.
Apr.-May delivery,
June-July delivery, 6}£d.
July-Aug. delivery, 6 15-32U.
Aug.-Sept, delivery, 6^d.
May-June delivery, 6 9-32d.
July-Aug. delivery, 6 7-16d.
Wednesday.
Landing, 6 3-32d.
Apr.-May deliv.ry, 6>£d.
Mar.-Apr. delivery, 6 3-32d.
May-June delivery, b^d.
May-June delivery, bl^d.
Apr.-May d livery, b 5-32d.
June-July delivery, 6 l!-32®5-16d.
June-July delivery, 6 11-32 15
July-Aug. delivery, 6%d.
The Exports
To Havre, per barks
Marla de C, 900
land
To
6 5-32d.
6 5-16d.
6 8-lS<l.
shipm't. sail,
..
.-
•
..
..
but these
were
receipts of flour
sparingly offered, and transactions were
very
[March 24, 1677.
CHRONICLE.
THE
280
WEEK
generally in ungraded parcels. Winter wheats have remained
quiet, but are generally held higher. To-day, the market was
dearer and quite active, the sales embracing No. 2 Milwaukee at
$ 1 45£@1 46 in store.
Indian corn was variable throughout the week, but on the
whole more active and firmer.
Receipts have been moderate
and stocks show some reduction, but are still excessive. Dull
accounts from Liverpool yesterday caused most of the previous
advance to be lost,and holders of old mixed in store showed some
anxiety to close out.
The supply of corn from the South is
rather better. To-day, there was a firm market at 55£@o6c. for
and grain at seaboard ports for the
ENDED MAR.
17, 1877, AND FROM JAN. 1 TO DATE.
Flour,
...
...
600
Baltimore
New Orleans
...
...
Total
Previous week....
Cor. week ’76.....
...
...
Jan. 1
Same
Same
Same
No. 3 and steamer mixed.
....
...
....
12,700
18,950
15,646
15,454
29,218
69,392
1,416,911
251,314
2
337,453 1,455,082
1,319,205 15,356,834
3,749,71S 15,609,165
3,365,174 12,359,972
9,267.125 7,563,6:1
...1,384,577
to date
42,700
6,000
469,000
141,9:6
96
108,684
117.638
155,936
114,250
35,000
207,100
834
bush.
398,526
118,059
50,000
1,950
1,638
44,778
19,086
Oats,
bush.
bush.
5,800
8,820
Philadelphia
Corn,
Wheat,
bbls.
AtNew York
Boston
Portland
Montreal
time 1876...
...1,647,305
time 1875
.2,479,911
time 1874...
..
..
Bariey,
bush.
12,0(0
11,626
.
2,788
.
330
4,060
.
41,632
2,000
3,200
#
....
28,236
239,5^2
61,385
293,620
95,630
217,752
735,058
2,752,487
3,143,310 11,408,398
3.114,134 470,612
3,637,015 532,489
7,988
41,658
2,694
233,778
61,164
44,120
333,523
The Visible Supply of Grain, comprising the stock in
Rye has been firmly held, and prime samples have brought
granary at the principal points of accumulation at lake and
extreme prices.
Barley has sold fairly, but at rather weaker seaboard
ports, in transit by rail, on the New York canals and on
prices, under a pressure to sell by holders of lots in store. To¬ ■the lakes, Mar. 17, 1877:
Oats,
Corn,
Barley,
Wheat,
Rye,
day, No. 1 Canada sold at 9oc. Barley malt remains nearly
bueh.
bush.
bush.
hush.
busb.
Canada peas are quiet.
nominal.
In store at Albany. .....
In store at Buffalo
[n store at Chicago
tu store at Milwaukee ..
Tu store at Duluth
In store at Toledo
Io store at Detroit
£u store at Oswego*
[ii store at St. Louis....
In store at Peoria
In store at Boston
In store at Toronto. ...
In store at Montreal
In store at Philadelphia
and prices have advanced a little, holders
demanding higher prices, and the trade, after holding off, were
compelled to meet their views. Still, the market was neither
active nor buoyant, and buyers took no more than was required
to supply immediate wants.
The relatively high prices of oats,
as compared with other “feed,” evidently keeps down consump¬
tion.
The market closed with graded No. 3 quoted at 42c. for
mixed and 44^c for white.
The following are the closing quotations:
Oats have been strong
Flour.
j
f bbl. |4 40% 4 85
No. 2
Superfine State & West-
5 60® 6 00
ern
.Extra State, <fcc
Western Spring Wheal
extras
do XX and XXX
do winter X and XX..
do Minnesota patents.
<
)
6 00® 6 25
6 15® 6 35
6 50(2, 8 25
6 10® 8 25
2,503,5!1
Grain.
Wheat—No.3 spring,bush $1
No. 2 spring
No. 1 spring
Red Western
Amber do
White
Corn-Western mixed....
Ye’low Western,
Southern, new
1
1
1
*
1
1
34® 1 40
42® 1 47
50® 1 5 2
30® 1 45
50® 1 60
40® 1 (5
7 50@10 50
City shipping extras..
6 00® 6 85 j Rye
Oats—Mixed
City trade and fanfllly
White
brands.
7 25® 8 25 I
Southern bakers’and fa| Barley—Canada West...
mily orands
7 25® 8 50 l State, 2-rowed
State, 4-rowed
Southern shipp’g extras.. 0 35® 7 00
...
Rye flonr, superfine
4 25® 4 85 Barley Malt—State
Canadian
Cornmeal—Western, Ac. 2 60® 2 c6
Corn meal—Br’wine. Ac. 3 15® 3 20 Peas—Canada.bond&free
..
58
60
39.®
43®
75®
60®
65®
75®
1 00®
90®
93
54
56
95
65
70
95
1 15
1 15
Mar.
*
19. 1876
1.991,681
60,000
390,169
.
.
.
.
,.
1,537.925
45,600
35,000
856,310=
256,428
245,034
80,0u0
304,758
4,253
39,540
212,418
765.734
52,000
.
437.563
274,414
288,000
47,706
777,600
248,748
854,941
202,592
192,963
189,871
89,248
201,324
74,820
20,177
2,847
12,000
97,641
103,427
250,000
*88,452
7,500
19,336
12,265
25,829
214,147
74,938
13,112
453,403
183,896
29,518
36,316
65,000
34,640
155,039
133,090
7,074
8,203
860,000
258,671
364,846
1,099,113
534,068
30,000
136,054
119,984
115,000
120,000
llS.CCO
150,000
61,874
.
.
.
220,000
11,6(0
..
13,435
21,000
9,409
.10,141,070 11,499,354 2,9*0,090
.10,511,868 11,920,020 3,012.211
10.779,145 12.208,880 2,99*2,114
16,442,819 6,166,822 3,301,285
6,904
29,500
90,913
,.
....
58
56®
56®
82®
3,3t6,875
.
Mar. 10.1877....
Mar. 3. 1S77
55®
86,000
168,581
3,403,492
21,083
139,215
.
In store at Indianapolis.
In store at Kansas City.
Iu store at Baltimore...
Riil shipments, week...
S
1,381,117
1,800
.
....
6.0(0
3,002,968
3,163,4!4
3,478,162
1,644,97?
3,651
.
8,000
21,368
7,5(0
13,775
16,000
785,052
900,26!)
915,686
384,113
Estimated.
THE DRY GOODS
TRADE.
Friday, P. M., March 23, 1377.
unsettled the past week by a break in
not entirely unexpected, had a depressing
although
influence upon other cotton fabrics, and at regular prices a very
The movement in bre&dstuffs at this market has been as fol¬
light distribution was effected by the commission houses. In
lows :
-EXPORTS PROM NEW YORK.
foreign goods there was a large movement through the auction
-RECEIPTS AT NEW YORK.-1876.
1877.
Same
1877.
rooms, and heavy lines of silks, dress goods, etc., were disposed
Since
For the
time
For the
Since
For the
Since
Jan. 1.
week.
Jan. 1.
week.
1876.
Jan. 1.
of in this manner at fair prices. The jobbing trade was irregular
week.
267.07 4
403,521
44,752
25,926
799,207
38,531
560,115
Flour, bblsl
31,768 and backward for the time of year, though large quantities of
3,332
49,612
5,852
39,511
55,182
C. meal, “
3,630
.
,
.
.
Wheat, bus.
“ .
Corn,
Rye,
“ .
Barley. “
.
Oats....“
The
ment
.
The market has been
prints, which,
2,124,21)9
41,314
3,781,256
268,872
376,438
388,936
14,260
3,326, .‘06
3,056,571
29,647
1,094,738
1,507,306
112,111
1,504,002
363,857
27.792
746,335
1,3j7, 938
76,072
3,421,215
495,671
3,385,821
19.1418
407,370
5,3 8
29,098
95,588
3', 653
95,386
33,801
3,720
49,986
following tables show the Grain
of Breadatuffs to
RECEIPTS AT LAKE AND
MAR.
in sight and the move¬
the latest mail dates:
RIVER PORTS FOR THE WEEK ENDING
FROM JAN. 1, TOi MAR. 17. 1877 :
17, 1877, AND
Flour,
bb.e.
(196 lbs.)
18,715
20,357
At—
Wheat,
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
309,065
9.301
Oct 8,
bush.
(32 lbs.)
83,612
15,910
62,949
77,203
5,-.00
Bhrley,
Rye,
bush.
bush.
prints, etc., were distributed at low figures. The
Dunnell’s fancy prints (1,300 cases) was closed out
entire stock of
at auction, and
entire
agents for the American Print Works disposed of their
slock of fancy and shirting prints to a large jobbing house, at
enabled the latter to sell them at G£c. net. The
(manufacturing fancy cassimeres) have suspended
with liabilities of about $325,000 and nominal assets of
prices which
Norwalk Mills
payment,
$412,000.
Domestic Cotton
(48 lbs.) (56 lbs.)
30,241
3,334
Goods.—The exports of domestic cotton
goods and prints for the week ending March 20 were 4,008
packages, including 2,572 packages which were shipped to
62,949
13,268
54,111
3,665
China, 400 to Great Britain, 181 to Brazil, 42 to Hayti, 24 to
3,000
3,850
*2,285
3.136
24,112
19,!94
British West Indies, 219 to British North American Colonies, 395
245,550
41.696
17,234
3,600
5,00 J
18,200
5,350
80,400
2,910
to United States of Colombia, 42 to Porto Rico, 24 to Hamburg*
42 to Cuba, &c. Agents continued to make fair deliveries of
12,070
76,723
760,226
168,081
177,935
Total
65,501
26,967 brown cottons, drills, dyed ducks, Ac., on account of orders on
194.5*0
230,565
67,661
6 ,518
901,695
Previous week
11.030
66,32i
201,094
932,337
360,269
Corresp’ng week,’76 77,323
Prices were
13,375 hand, but new business was light and unimportant.
754.237
73,426
277,371
’75.
762,776
75,351
454,565 nominally firm, but there was a manifest disposition to
Total Jan. 1 to date. 849,009 3,435.986 12,560,656 2*41.800 1,280,925
Same time 1876
1,034,866 7,529,482 12,772,065 3,571,115 1,723,124 273,891
price or discount concessions on a good many outside makes
Same time 1875
854,939 8,199.128 9,637,619 3,298,785 1,071,696 280,261
1,410,686 16,308,484 7,347,421 4,195,906 1,748,023 427,867 goods, which have of late accumulated in first hands.
Same time 1874
Total Aug. t to date..3,502,701 33,828,951 51.310,557 13,787,590 7,346,575 2.312,049
shirtings were notably quiet, but, in fact, there was little anima¬
Same time 1375-6.. .3 340,769 47,372,178 33.270,737 18,223,892 6,409,722 1,503,741
tion in any class of goods aside from cotton dress fabrics,
Same time 1874-5... .3,394,737 43.651.071 28,961,211 15,225,512 4,998,S99 1,096,862
Same time 1873-4.. ..4,209,789 56,845,409 33,8S4,3-6 15,5.0,691 6,536,229 1,439,062
continued in steady request.
Print cloths were dull and weak at
Estimated.
4£c. 80 days for extra 64x64 spots ; 4£c. offered and
April, May and June delivery, and 4c. for 56xG0s. Prints were
Shipments of Flour and Grain from the ports of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St. Louis, Peoria and unsettled, and most of'the leading standard makes declined to
Duluth for the week ended Mar. 17, 1877, and from Jan. 1 to Mar.
while some lots were closed out at still lower figures. Ginghams
17, inclusive, for four years :
were dull and weak, but cotton dress fabrics were in gpod
Chief.xo... —
Milwaukee
Toledo
Detroit
Cleveland
St. Louie
Peoria
Duluth
....
435
....
—
23.0)9
57,672
25,413
22,109
3,191
....
....
....
8,923
3 744
.
•
•
...
—
...
*•
grant
of
Bleached
which
declined for
*
7c,
Flour,
.
Mar. 10, 1877
Cor. week ’76
Cor. week ’75
Cor. week ’74
.
.
bush.
51,370
63,259
65,'49
85,614
94,913
bush.
534.068
648,933
110.212
302,469
449,095
Barley,
Rye,.
bush.
bush.
busb.
136.054
119.934
76,603
172,791
175,339
9,591
7,925
240,329
34,959
97,320
198,763
66,397
P‘,427
5,565
13,821
6,287,135
8,750,754
4,149,708
1,603,259
2,051,909
1,8)0 125
764,305
201,457
703,808
538,643
158,019
2,289,705
1,909,665
S84,514
151,751
56,430
508,960
180,021
67,469
219.686
253.832
301,521
319,711
Jan. 1 to date. 768,465
time 1676.
1,104,027
time 1875
859,1)02
1,543.230
3,389,621
2,745,403
1,284,430 7,457,562
10’.5 8
.
1.7,063
.
.
,
.
,
time 1874
,
mand.
Domestic
32,183
50,520
28,135
812,233
de¬
13,115
Oats,
413,599
206,878
.
Cor. week ’73
Cor. week ’72
Total
Same
Same
Same
Com,
bbls.
Mar. 17, 1877
Wh^at,
172.470
men’s
wear
Goods.—-In light-weight woolens for
transactions were mostly restricted to the distribu¬
Woolen
tion of small lots
of fine cassimeres
coatings
Tweeds,
and suitings, and
there wa3
in heavy weights. Cloths and doe
were lightly dealt in. Worste
in new fancy and diagonal styles were in fair request.
satinets and Kentucky jeans moved slowly and in com
very moderate movement
skins remained quiet, and Meltons
a
March
24, lsVT.J
THE CHRONICLE
paratively small lots, and there
was
about
the
usual
demand for flannels.
Mxporls
March
Leading Articles from New York.
The
following table, compiled from Custom House returns,
shows the exports of
leading articles from the port of New York
to
all the
principal foreign countries, since Jan. 1, 1877, the
totals for the last
week, and also the totals since Jan. 1, 1877
and 1876.
The last two lines show total
values, including the
value of all other articles
besides those mentioned in the table.
Worsted dress goods were in lair
request,
with most relative activity in
figured alpacas, which are well sold
up. Carpets were in moderate demand, and worsted shawlt
remained quiet.
Foreign Dry
French dress
but business
Goods.—Very large
goods
was
Linen goods
goods, piques and
demand.
silks and
disposed of through the auction rooms,
generally quiet with importers and jobbers in
Ribbons and
were
We
few articles of domestic
a
Bates
.e..
.
Larcaeter
Namaske
Importations
Th8 importations of
dry
© o*
BNTERED FOB
of
goods*at
CONSUMPTION FOB
do
do
do
-1876Pkgs.
Value.
$406,283
cotton. .1,152
silk....
524
flax
1,107
815
380,696
325,008
213,718
115,047
.
948
Total.......
to
a*
$340,091
310,844
404,663
154,212
179,459
1,098
534
720
552
4,747 $1,445,752
00 o3 70
8
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■
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1,075
«r>
•
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•
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•
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:
•
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oc
CO
ic
o
•
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•
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240,531
205,601
•
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•
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15,603 $1,472,52)
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CO lO
•
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.
*
do
482
326
113
564
*.
.
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•
silk
flax-
do
611
442
93
S3S
92,628
111,927
140,49.3
55,367
Miscellaneous dry goods. 6,750
Total
8,225
Addent’d for coneumpt’n 4,747
$2,051,934
$606,212
581
331
151
431
f't
rr O
1,477
6,890
3.719
do
do
do
wool
cotton..
silk
635
357
72
321
$676,663
flax
95,086
55,084
Total
Add ent’d
151
145,011
101,650
31,462
393
2.113
$512,297
4,747
1,415,752
Total entered at the port.
6,360
$1,958,049
forconsumpl
c
1,997
COCO
-rt< © © rf
r» 30 t- 00
co
•
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$159,133
227
77
474
b3 239
67 803
101,81 1
6.7J6
6-3,459
.
.
nerr
co
China
78,2)2
..
Glass
Glassware
Glass plate
5,964
1,739
!,4*i5
1,96
l'5)4
Bittons*
Coal, tons
Oocoa bags..
Coflee, bags
Cotton, bales.
Drugs, &c—
09.9.4
5 1 :l
Earthenware.
5,482
6,U U'
6,591
373,28)
...
Bark, Peruvian..
Blea. powders...
Cochineal
Cream Tartar...
Indigo
Madder
Oil, Olive
5,716 $2,027,327
23,587
•
CO rf
CO OO
T-c T3*
•
•
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=
-CJ rr -3*
•
specified.]
Soda, sal
8.350
1,017
115
6 74i
73-
1,224
....
5,5o0
152
8,710
35#-'.
‘Gunny cloth..
34)'
6,17
10.097
1,268
1,640
6.762
1,56.
Bristles
Hides, dressed..
India rubber
Ivory
Jewelry, Ac.—
Jewelry
790
42,151
249
276
1,424
16,239
1,062
11,713
2il
590
642
84
Watches
..
Wines
Wool, bales
Articles reported by
value—
Corks
Fancy goods
Fish
Fruits, &c.—
74)
119
41,277
135,919
7,977
12.819
13,903
5,557
*
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18,442
61.830
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32,781
196.258
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in co
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o
nniNCt b co
co
©
c?i a co
00
TS :
816
137
Lemons
NutsT
436
32,169
.-.
Champagne, bks.
7,099 Cigars
91)7
Soda ash.
475
7,876 Tobacco
5,0 J1 Waste
5« Wines, &c—
13,9 U
11,'61
Flax
Furs.
Wnseed
Molasses
1.682
5,6 >8
—
—_ co
©
CO
►J
Hardware
Paper Stock
2.S66 Sugar, hhds, tcs. &
431,311
bbis
717 Sugar, bxs &
bags.
5o
•
co
Cutlery
Tiu, boxes
Tinslabs, lbs...
>
rr
$474,478
Since
Same
Jan. 1,’77 time 1870
Steel
i(N
(0 3)
*
^
2
rt 3»
iC O O*
.JOOOl
•
.
!
Lead, pigs
iQOiNf-OOHCroO-'OC
(OWO
too
;
rr
when not otherwise
Spelter, Tbs
O?
*
$1,946^801
Tea
493
Opium
8oda, bi-carb....
Hemp, bales...
Hides, «fec—
5 97-1
1,802
Garnbier
Gum, Arabic....
Hair
813
5 97t»
.
IS
.b-oo
Metals, &c.—
1 87)
6.6)1
•
rjT * t j- ^
co©
^
rr
e<
•
Earthenware—
r-Tao
co
a
1,472,323
7,979
The following table, compiled*from Custom
House returns,
shows the foreigu imports of leading articles at
this port since
January 1, 1877, and for the same period in 1876:
China, Glass and
lOffllOUioo-flOwCtOOrOt »i
CO 33 .cot ©
ir rj*
eo o
eo^io nq_OrQo
^ *o^
t-ei
.
.
co
’
►»
15,608
Since
Same
Jan. 1,’7< *ime 1876
rr* O —I
i~i©C-
;
**>
Imports of Leading; Article*.
[The quantity is given in packages
.
•
IT
.00-3
. rT -0*
23
,3
Q
$608,058
1,419,269
3,719
© © O
• OO rr O
;t-
—*
rr
1,172.32)
405
92,040
584
—
00*1-1
H
$234 895
53,902
rr C*
-
.d d
13,582 $2,148,932
565
296
26,862
*<
©
-r
«
© oo
10.618 $2,140,148
$245,463
Miscellaneous dry goode.. 728
© t- ©
on
—' CTi
106. *32
189,920
93,750
ENTERED FOR WAREHOUSING
DURING SAME PERIOD.
Manufactures of
£
24,7t6
2,974
15,633
$720,879
1,119,269
^
CO
$251,59!
123.550
150,227
162,4)1
61,405
5,065
1,445,752
Total thrown upon m’k’t. 12,932
$253,266
®
Ol
.
$205,797
co
es
01-3
s
rs
•
rl
no
433, • 4!
12,092
■
l—
I-
g
U
326.171
615
.
.
-O OO
$266,976
CO
as
-
«
“
—'
r*
•
©
O* Oi
‘
,
1,122
3,719 $1,419,269
■
•
*0
•r-i
Pkgs.
© ©
et
i—£ co
--1877
Valne.
,ri
3
Ssf
674
-
•
'5
22, 1877.
CC«inH«ffliCQr*NlftO
oo
.
•
rp
(J J>
WITHDRAWN PROM WAREHOUSE AND
THROWN INTO THE MARKET
DURING THB
SAME PERIOD.
Manufactures of wool
do
cotton..
CO
c*
9#
4 jjrl
WBBK BNDING MAR.
Value.
95?
Miscellaneous dry goods
•
<aj
t* ©
© c-t © 00 o ci r-eo«-x>
oo
•-* ©
i— »? ©
co co
....
this port for
THB
Pkgs.
Manufactures of wool...
i-
t-1" oo
e*
-if
.
Dry Goods.
1875
•
*
—T,-T tj*' c? ©
t-»
:
the week
ending
1877, and for the
corresponding weeks of 1876 and
1875, have been as follows :
Mar. 22,
’
© OO « 'il o t- '.O
t- O W
-; © © ©
ci-'i-ii-i
y-i
were
| Plunkett
9
| Belfast
8# j John»#n Mfg Co... 13#
Shirley
9# 1 Mohawk
9# | White Mfg Co
9# Alamance
11# Carletou
8# | Randalmon
11
| Miami
9
Glasgow —
Gloucester, n
rr
Hosiery and
dry goods
Domestic Ginghams.
9»4 ; Renfrew
9#-10# | Baird.
Amoskeag;
-7ad ©
©
in moderate demand and
steady.
were
prices of
annex
oi
steadily held, and fancy
slowly.
goods
Oi
■
Hamburg embroideries were in steady
millinery silks were freely distributed at
auction, but ruled quiet in first hands. Men’s-wear
woolens
in light request, and Italiao cloths
moved
kid and fabric
H-i-*aTJ-£35iNir5--N'N>00-<f-On**i3)?*r,NNO»OXIOO
7t
©
were
this class of fabrics.
white
quantities of
281
oi
“
14 56)
122,9)7
229,3 td
3.411
D.7)>
r
»-r rr
■
•
f
s
PS
"x
tr irr
7*
TJ
•
Ha-ssi
J3 gm<Sc
flu
11
Financial.
Financial.
Grant &
8TBEGT,
WALL
83
TRANSACT a general banking business
STOCKS BOUGHT AND SOLD ON COMMISSION
[Established at Champaign, Illinois, in 1861.]
$200,000 REAL ESTATES FIRST
MORTGAGE
Equitable Trust Co.,
TEESE REAL ESTATE MORTGAGE BONDS ARE
THE MOST
Platt K.
John k. Waller.
CONSERVATIVE
first—They have the
Dickinson, Waller & Co.
BANKERS AND BROKERS,
25
BROAD
Buy and Sell
Transact a general Banking Business.
on
Commission Stocks, Bond and Gold.
Having been identified with California Interests, and
Saving a connection in San Francisco, are prepared
to buy and sell on
commission all stocks dealt m on
infer
the San Francisco Stock Exchange, and to give
matlon
respecting the same.
Lazard
Freres,
Pine
65
BANK
deposits, owes no money, and incurs no obligations of
ny character except those arising from such guaranty
thereby keeping its whole capital of One Mi.llon
Dollars unimpaired, TO MEET AT ALL TIMES the
prompt payment of both principal and iniereet of
these Bonds.
All mortgages
securing the Bonds are formally ap
proved by the following Executive Board:
ROBERT L. KENNEDT, ADRIAN 1SELIN,
SAMUEL WILLET8,
JAMES A. Rl>'»SEVELT,
WM. REMSEN,
KUGEjsE KELLY,
JHAS. BUTLER,
JOHN D. MAXWELL,
GUSTAV STKLLWAG.
1 hese Securities bear Seven Per Cent Interest pay¬
able semi annually, and are ottered for sale at one
hundred and two aud interest at the office of the
Equitable Trust Company, Noe. 52 & 54 W illiam street.
JONATHAN EDWARDS. President.
THE
NEW
CITIES
EUROPE.
IN
SECURED
REAL
STOCKS and BONDS
At Auction.
REGULAR AUCTION
SALES of ali classes of
STOCKS
AND
BONDS,
ON
WEDNESDAYS AND
ADRIAN II.
No. 1
SATURDAYS.
MILLER
& SOX
PINE STREET, NE97 YORK.
BANKERS,
COR. OP WALL STREET AND
purchase and sale of
BROADWAY
STOCKS, BONDS and GOLD
margin.
Investment Securities For Sale.
P.
A. M. Kipper.
O.
BOX
2,647.
C. WAIcLkllan, Jb.
SJtf
STOCKS,
WALL
Albert E.
WALL
STREET.
Hachfield,
STREET,
DEALS
First-Class
CIT Y
Railboad
and
all
OF
§500,000.
These Bonds are commended to the attention of the
MOST CONSERVATIVE INVESTORS, as they are
believed to l>e as perfect a security as can be obtained.
The issue of bonds is limited to one-half the amount
of the same class of bonds ever Issued under a like
Guarantee.
The.eecurity of each bond Is not confined to a single
Mortgage, but extends over all the Mortgages owned
by the Compan v. This Company receives no deposits,
guarantees no other securities, and has no other debts
than its bonds. Its mortgages are of like character to
those whioh have been bought Id the last twenty years
by Individuals, Life Insurance Companies and other
Corporations, to the amount of more than Fifty*Milllons of Dollars, proving a most secure and satisfactory
Investment. The loans are all upon improved farms
in some of the most fertile Western States, near the
railroads, with short and perfect titles, and average
less than $520 each, upon property appraised at about
three times their amount. Experience has proved that
well-selected mortgages upon this class of property
are safer than those upon city property, either in the
East or West. They are not affected by fires, or by
business revulsions; principal and Interest are more
promptly pah'; and upon the success of agriculture
depends that of almost every Industrial investment.
HENRY SALTONSTALL, President.
FRANCIS A. OSBORN, Treasurer.
VICE-PRESIDENTS :
Amos A. Lawrence,
Janies L. Little,
Geo. C. Richardson,
Thomas WIgglesworth,
Upham. '
YORK,
Vermilve, and Gilman, Son & Co., New York; J. M.
Allen, Esq., Hartford, Conn., and others, on applica¬
tion.
ALL
Send for Circular.
Sc
TULLEYS,
Blufla, Iowa.
Council
A. C. BURNHAM, No. 33 Pine Street, New York.
Charles L. Flint,
Henry Saltonstall,
Charles L. Young,
Mortgage Leans
Baldwin, Walker & Co.,
HAWLEY
BUILDING,
CHICAGO,
MAKE A SPECIALTY OF SUCH INVESTMENTS for
Capitalists, and invite correspondence and in¬
quiry A8 TO THEIR STANDING.
Well-known references on application.
TWELVE
PER
CENT
MORTGAGES
IN
Denver
City, Col.
The best mortgage loans can be made In Denver,
Col., on improved real estate, at twelve per cent net,
the range on mortgage loans being !2 to 18 per cent.
Colorado having been admitted to the Union as a
State, her capital (the flourishing City of Denver)
now
offers
favorable field for safe loans on im¬
a
proved property, at high rates of Interest. The under¬
signed has established an agency for the Investment
of Eastern money.
References In New York:—Fred’k S. Winston, Esq.
President, Mutual Life Insurance Co.; Charles P.
Kirkland, Esq., 20 Nassau st.; William B. Dana & Co.,
Publishers of
Chronicle.
the
CHARLES
Commercial
P.
and
Financial
KIRKLAND, Jr.,
COUNSELLOR AT LAW,
Denver, Colorado.
Gro. Wm. Ballou.
Geotge H. Holt,
Member N. Y. Stock Exchange.
Geo. Wm.Ballou&Co
30 PINE
New
STREET,
72 DEVONSHIRE ST.,
York,
Boston,
DEALERS IN
E. R. Mudge,
John P. Putnam.
David R. Whitney,
J. B. Upham.
counsel:
Hon. Henry W. Paine, Boston,
Simeon E. Baldwin, New Haven.
The Bridge
KINDS,
that has carried you safely over
A Solid Ten Per Cent.
The old established CENTRAL ILLINOIS LOAN
AGENCY, known all over New England and the Mid¬
dle States as the Agency whose interest coupons are
paid as certainly and os promptly
as the coupons of
Government Bonds, has enlarged its field and changed
Its name to “THE KANSAS, MISSOURI & CENTRAL
ILLINOIS LOAN AGENCY.” There is no change in
Its character or management. If a certain clean TEN
PER CENT will satisfy you, address for Circular.
Actuary. “ KANSAS. MISSOURI & CENTRAL ILLI¬
NOIS LOAN AGENCY,” Jacksonville, III.
Southern
Securities of
Geo. H.
Room 23.
Prentiss,
30
BROAD
Descriptions.
WANTED.
Mississippi Ceatral Bonds.
GAS
A
STREET.
STOCKS
SPECIALTY.
New Orleans Jackson & Great Northern Bonds.
Jcffergon Madison & Indianapolis Bonds,
-
CAREFULLY SELECTED, secured by FIRST LIEN
on DESIRABLE Real Estate in Chicago and
vicinity.
THE SAFEST and MOST PROFITABLE INVESTMENT, now paying from Eight to Nine Per Cent,
per annum.
Interest payable semi-annually.
Prin¬
Municipal Bonds.
W. CALHOUN, I
E. G. STEELE, f
Accountants & Auditors
No. 20 NASSAU STREET.
Complicated accounts of Estates and Partnerships
investigated and adjusted. Accounts prepared for the
Surrogate. Books of Public Companies, Firms, &c^
opened, written up or closed.
Special attention given to Railroad investigations.
Refer by Permission to
Geo. S. Coe, Esq., Pres’t American Exchange Bank
W. A. Whedock, Esq., Pres’t Central Nat. Bankj
Jas Lynch. Esq., Pres’t Irish Emigrants Society*.
Col. Ii. S. MeComb. Pres’t N.O. St. L. & Chic. RR.Co
Ex. Norton, Esq., Pres’t Paducah & Memphis RR.Co
Jos. F. Joy, Esq., Receiver Dutchess & Col. RR.
Parker Handy, Esq., Banker.
Securities,
Mobile & Ohio Bonds.
a personal inspection of the security in
every
Iowa Loans, when carefully placea, safe as
Government Bonds
^
Choice Loans of $2,000 and upwards made at NINE
PER CENT n$t.
Choice First-Class mortgages,
amply secured on Iowa farms, constantly on hand ana
for sale at onr New York office.
Refer to John Jeffries, Esq., Boston, Mass.; Jacob D
case.
BANKERS AND
directors:
IN
Investment
BONDS
Bonds;
NEW
OF
W. Tbask
N. T. Beers, Jr.,
Brooklyn
Stocks,
GAS
antee
(Established 18d9.)
Interest Coupons payable semi-annually.
Bonds
registered to order, or payable to bearer at option.
Accrued interest is not required to be paid by pur¬
chaser, the next-due Coupon being stamped so as to
denote that interest begius at the date of purchase.
A Pamphlet with full information will be sent on
application at the Company’s Office,
43 Milk Street, Boston.
General Banking Business, including the
or on a
ESTATE.
CAPITAL. STOCK
Geo. P.
a
MORTGAGE SECURITY.
*
York.
New
FIRST
Have had an experience of over twelve years In the
business. Make none but safe loans. Loan no more
than one-third the actual value of the security. Guar¬
cipal and Interest Coupons PAID PROMPTLY.
BY ITS
hold
ON
GUARANrEED, PRINCIPAL AND INTEREST,
part of Europe.
18
BY
FIRST MORTGAGES OF IMPROVED
Circular Notes and Letters of Credit through Messrs.
LAZARIT FREGES & CO., at PARIS, payable in any
for cash
INTEREST,
SEVEN PER CENT TEN-YEAR BONDS
Money by Telegraph to Paris and San
Francisco.
Transact
ENGLAND
OFFERS FOR SALE, AT 105 AND
PARIS,
undersigned
Ten Per Cent Net
Mortgage Security Co.
On LAZARD FRERES & CO.,
The
the
Second—Each bond Is secured by a first mortgage of
eal estate of not less than double its value.
Third—The prompt payment of both principal and
BURNHAM
LONDON,
Transfers of
individual liability of
uiftkcr.
Street,
DRAW SIGHT & TIME BILLS on the UNION
And on the PRINCIPAL
negotiated through the houses of
BURNHAM, TREVETT& MATTIS, Champaign, III.
BURRHAM dk TULLEYS Council Bluffs, Iowa.
BURNHAM, ORMSBY dk CO Emmetsburg, Iowa.
KANSAS LOAN <k TRUST CO., Topeka, Kansas.
Investors may rely upon perfect security and prompt
interest, as all loans are madeiri person, by the above
firms; who, living on the grotind, know the actual
values of lands and character and responsibility of bor
rowers. County and School bonds for sale. Investors
invited to call or send for descriptive lists of securities
,
INVESTORS.
nterest of every bond is guaranteed by this Company.
Th£ Company guaranteeing tnese Bonds receives no
STREET,
RONDS,
for sale in amounts of $1,000 and upwards, yielding
NINE to TEN Per Cent interest, and
COMMENDED TO THE ATTENTION OF
Dickinson,
Howard C. Dickinson,
Member of Stock Exch’ge. Member of stock Exch’ge
Burnham,
33 PINE ST., NEW YORK.
GUARANTEED BY THE
$1,000,080 CAPITAL.
G. ST. John 8HRFIEI®.
C.
A.
MORTGAGE BONDS
INTEREST ALLOWED ON DEPOSITS.
R. 8 ITYD AM GRANT.
Financial.
REAL ESTATE
Company,
BANKERS AND BROKERS,
ffO.
[Merck 24, 1877;
THE CHRONICLE
282
.
Brooklyn Securities Bought and Sold
H. W. Smithers, Esq., Agent.
Hon. H. A. Sinythe, late Collector of Port of N. Y.
Hon. Jas. P. Sinnott, Judge of the Marine Court.
Messrs. Van Winkle, Candler & Jay, Counsellors,&c
A FFAIRS OF CORPORATIONS AND
-fAftrma investigated; partnership accounts and in¬
surance losses adjusted ; frauds and errors detected ;
books opened and closed. Twenty years’ experience.
References include municipal authorities, bank and
Insurance officers, merchants, lawyers, and others for
Whom important work has been done.
G. C. HALSTEAD, Public Auditor, 39 Nassau St.
@FedFRASER