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,
apjtantlaV
xmtlt
Af^D
MERCHANTS' MAGAZINE.
Hi; NT'S
REPRRSENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE
YOL.
NEW
26.
YORK, :\IARCH
National Bank-Note
(INCORPORATED NOVEMBER,
1
WAU^
Cenrrale
Co.,
STREET,
^
Fh.
(MIchielsLoos).
^L•HliM^N^, .Jit. (.Job. Dan. Fuhrmann).
i.oui8 Wtij E (Kd. *^ cber & cle.)
Jules ItAt'TENSTaAt cii (C. Rebuild & Cle.)
i>u.,.M.s
J.'U.
Dan
TRANSACTS
GENERAL BANKING
^
the highest stjle of the art with tpteUtl tuft^nardt devUed and patented, to prevent connttr
J. N.
Petty.
—
Pcttv
tovcmmeuts and Banking Institations South
;!Jiierlcan, European, West India Islands, Japan, ate.
13
<,tmmunleation» may he addreeeed to tM4
tiOmpany in any language,
H. VAN ANTTTEHP, Pres't'.
raACDONOVGU, Vlce.Pres't.
A. D.
SHEPARD,
Treasurer.
JNO. E. CURBISII, Secret«rr.
ASA
P.
Potter,
Sau'l Phillips, Cashier.
Pre»t.
Maverick National Bank
BOSTON
Capital,
9400,000
300,000
Surplus,
Special
attention
given
to
COLLECTIONS, and
prompt remittances made on day of payment.
Boston business paper discounted. Correspondence
I
Bostwick.
Member N. V. Stock Excbange.
^ Bostwick,
B.\NKER9 AND BROliERS,
66 Broadivay, Nevr York.
^oaiHJiUS AND MISCKLLaNKOCSSECDRITIKS
Boufcht and 3->id ou Commission.
VIKOIVIA STATU
AND UAILItOAD SKCU31TIi8
A
liOniin
Specially.
Gwynne & Day,
lEsUblUhed
1SJ4.1
No.
1
6 Wall Street.
Transact a general banking and brokerage business
In Railway shares and bonds. Government Securities
and.GoId.
Interest allowed on deposits.
Investments carefully attended to.
Charles G. Johnsen,
inEBCIIA.\T
AKD BAJXKER,
HBW OBLEANS,
M£W VOKK,
I'ear!
The Bank of California, San Francisco.
Capital, Paid up is G ld. $5,000,000.
D. O. MILLS, Presiden'.
WM. ALVOiiD, VIce-Pres't.
THOMAS BKOW.v,
Cashier.
Laid law & Co.
BANKERS,
AGENTS FOR THE BANK OP CAU.OIiNIA,
No. 12 Pine St., New^ York.
Receive deposits and transact a general banking
business execute orders at the N. Y. Mock Excbange
for Stocks, Government, State, Municipal and Kailroad Bonds and Gold.
Particular attention eiveu lothepuraud sale of Mlnlns; Stocks lu San
Francisco, rur wlilck we kave the best
BOSTON,
Street.
7c:
&
GOSSLER
Sta,.e Streei
Oi>BRK-'*PO.V DENTS O/
Ititeriiatloiial IlaiiU of esamburs:
aud
Loiidou, (Limited.)
UOU8K
IN
Hatch
EUHOPK,
GOVERNMENT
6c
Foote,
No. 13 ^VALI.
STREET
BUY AND SELL
BONDS, GOLD, STOCKS
AND
MISCELLANEOUS 8KC0KIT1KS,
&
NEW
Banking Business.
STOCKS, BONDS and GOLD Bought and Sotd on
Commission, and carried on Margins.
Deposits deceived and Inte; est Allowed.
l^~ Accounts of Country Banks and Bankers re
oelved on favorable terms.
Hilmers,McGowan&Co
BROKERS IN
FOREIGN EXCHANGE ANO GOLD,
03 Wall Street, New York.
(P. O.
sold on commission, for cash or on
margin.
MATUI'.IN BALLOU.
CH.XS. GREGORY,
Member N. Y. stock Exchange.
TIES bought and
Bonner &
mercial
BANKEBS.
Per Ccat Bonds,
13
City Centnil Park Quarterly Gs, due 1887.
Loulsbma Mate 7 Per Cent Con»ol. Bonds.
Ohio & Ml»9. I!I!. I9t Mori. Consol. sterllug Ponds,
lUI, i
Poc Cent l:;uavrBed
Co.,
Kountze Brothers,
& Vincenne* itii. Ist and 3il Mort Bonds,
cm. itlrhmond & Fort Wayne lili. t«t .Mort. Bonds.
Saraunab
&
nrVKSTMENT SECURITIES.
Indianapolis
&
Com
bills.
Special attention to btwlness of country banks.
New York.
AVANTEDt
Charleston
2.847.)
Bankers and brokers,
7 W^all St., Cor. New, New York.
So, 30 Broad sireet,
t
BOX
A. H. Brown
Co.,
BBOKER!^,
Kansas l"»ciac R«. 1st Mort. 6 aud
Mobile & Ohio llallroad Bonds.
STREET, NEYV YORK.
Special atteatlon paid to the negstlatlon of
6 AVall Street, New York.
STOCKS. BONDS and (iOVEUNMENT SECUHI
BANKERS AM)
No. 7
Ballon.
STOCK AND l!OND BROKEiiS,
G. T.
oc Francis.
BANKERS AND BROKERS,
Tratjsact a General
foHn URRKNBE11U,GO»iSI.ERacCO
BANKERS,
Trask
Co.,
New York
LA.
and Bonds.
facilities; also all other California Securities.
Issue Bills of Exchange. Letters of Credit and Telegraphic Transfer.* on London, Yokohama, Shanghai,
Hong Kong, Honolulu, Virginia Citj and San Fran-
FOR SALEi
166 GRAVIER STREET
Special attention
Southern and Western State, Municipal and I'.all
road Securities made a specialty.
Milling Stocks bought and sold at New York and
San Francisco Exchanges.
Correspondence solicited.
Gregory
Nesotlated.
Deposits received In Currency or Gold,
cltase
HaMHI'it;
Co.,
6c
in
;
BRO.AD STREET, NEfT IfORK.
gvlted.
R. A. Lancaster
sold
and for-
£tock«, Bonds, Gold and Government Securities
bought and sold for cash or on marg!n.
114
|
and
paid to Investment Orders for Miscellaneous Stocks
BVSINES<^.
8. B.
This Company eograTee and prints bonds, postage
•ramps and paper money for various foreign
NETT YORK.
bought
to suit Investors; also Gold, Silver,
eign coins.
A
COItUESPONDENCE SOLICITED.
and alterations.
amounts
ST.,
Bonds
and Interest allowed on Balances.
:
Aug. XoTTKBonM (Nottebohm Freres).
oi»K-NOTES, STATE AND RAILROAD BONDS,
POSTAGE AND REVENUE STAMPS,
-JiRTIPICATES, DRAFTS. BILLS OP EXCHANGS,
AND COMMERCIAL PAPERS,
J.
J.
0,000,000 Francs.
ALrRED MiQurXAT (Oralt & Msqulnsy), VIcePres.
J. H. Von tbk Becke (IJ. Vou der beclce,'.
Otto Uu.mher (CorDcUIe-Davld).
KhT»K UK (Jott^l.
i\v. Kraxk (Frank, Model i Cie.)
Enoratino jlkd Pbistino or
teitin^
U. S. Government
Fklix Grs\b, President.
Jnltsd States Bonds, Notes, Cnrrenoy
aud National Bank Notes.
NASSAU
No. 5
BOARD OF DIRECTOKS
CSSBATXItg OP IH«
BANKERS.
Anversoise,
Pald-Up Capital,
NEW YORK.
HATCH,
FISK &
Antwerp.
1859.)
666.
Financial.
Binque
THE
OFFICE, No.
NO.
30, 1878.
Financial.
Fiuancia).
UMTED STATES
i)d4.
WALL
STREET, NBW^ YORK,
Issue Letters of Credit, available In
Torld;
BASK
all
parts of tha
Time and Sight BUIa on the UKIOH
or LONDON. Cabl« Irantf en nude.
also.
,
THE CHRONICLE.
11
&
Co.
Bank
STUEET,
WAIiI.
Drexel
31
&
Drexel, Harjes
Co.,
SocTB Third
31
St..
North America,
&
Co
No. 52
Boulevard Haussmann
DOMESTIC AND FOREIGN BANKERS.
DepOBlts received subject to Draft. Securities. Gold.
Ac, Dou^ht and sold on Coinniisgion. iulerept slloweo
on Deposit*. Foreign Kxciiange. Commercial Credits.
Circular Letters for -IravelerB,
Cable Transfers.
available in all parts of the world.
OLD BROAD
Brown
ST..
&
AVALL
No. 59
ST., N.
Co.,
&
Surplus,
Bnvs and
Sells Sterling
Commercial Credits available everywhere.
J.
.1.
C AX A D
G. C. Ward,'
Stuart
J.
NASSAU
{
(
Affenta
Agents.
Bank
Capital,
.\
80,200,000, Paid Up.
-
HE.4D OFFICE, MONTRE.AL.
GEOt.GE HAGUE, General Manager.
BANKEaS.
LONDON, ENG —The Clydesdale Banking Co.
liank
of New VorK, N. B. A.
NEW YOKK— The
;
mANCHESTER & COUNTY BANK,
"LIMITED";
York
JOHN STUART ic CO., Banker*, New
with Mosrs. JESUP, P.4TON & CO.
MANCHESTER, PAYABLE IN LONDON
UIiSTER B.ANKING COMPANY,
Bank of Montreal.
BELFAST, IRELAND;
;
ALSO,
& Co.,
$12,0O!>,000, Gold.
5,500,000, Gold.
R. B.
HEAD
;
BANKKK
make telegraphic
Nos.
&
Phila.
the
munroe: &
Dominion
London
Exchange
CiKCDLAB Notes and CsspiTa fob Tkate lebs
HEAD
.
Knoblauch
Lichtenstein,
BANKERS,
Excbanse Place,
YORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters oi
all principal cities of
Credit
Europe.
SPECIAL PARTNER,
Berlin.
DBUTSCHK BANK.
G. Amsinck
&
Street, New
AGENTS TOE THE
160 Pearl
Co.,
York,
LONDON AND HANSEATIC BA.NK
OJJUTEDJK-LONDOB.
Bank
OF CAVADA.
M. H.
NEW
Co.,
Correspondence
and
solicited
information
«
COHRBSPONDieNTW— KtcKtTTi Rmtharo »
N. V.
fur-
*'-;
Austin,
J.
STOCK BROKER,
i03 WALNUT PL.\CS (316 WALNUT
PHII.ADEI.FHIA.
ST.),
Orders In stocks and Bonds promptly executed at
l\e Philadelphia and New Stork Boards.
Southern Bankers.
THOS. F. MILLKK,
WIIMAMS. JNU. W. UlLLSS
.
&
Thus. P. Miller
Co.,
BANKERS,
Special atienljon paid to collections, with prompt
reinUtan;esai current rates of exclmnge on dt*y of
jayment.
German American Bant, >ew
Correnpondents.
fork; Louleiaua Nation-il Bauk. New Orleans Banic
>f Liverpool. Llvprpool
—
James Hunter,
Bos
GAULT,
Savanuali, Georgia,
81.
AND
Up
26 Pine
Street,
Neiv York,
Broker and Dealer In Southern Securities. Loans
Negotiated. Advances made on Securities placed IQ
my hands for sale at current rates.
Kkfebkncks.—Henry Taluiadge & Co., and Eugene
Kelly & Co.. New York; Southern Bank. Savannah, Ga
THE CITY BANK OF HOUSTON,
Houston,
_
alble points.
MDRRAY, Cashier-
.,
,
W. House,
T.
BANKER,
41
MAIN
ST.,
BEAXCHES:
IIOCSTON, TEXAS.
DEALE!! IN
Hamiltos, Okt.; Atlmir, Ont.; Pake Hill, Oht.;
Bedford, P. Q.
AGEyTS:
QUEBEC (CITY).— Owen Murphy.
NOVA SCOTI.\.-McrchanU' Bank of Halifax.
FORK! a N AGENTS:
LONDON.— The Alliance Bank (Limited).
NEW YOUK.—The National Bank of
„
DiBEcrona.— Benjamin A. Botts. Pres't: C. S. Longcone, W. .1. llutihins. P. A. Uice, C.C. Baldwin, W. U.
BENJ. A. BOTTS, Pres't.
Bolts, Rob't Brewster.
B. F. VVEK.MS. Cashier.
81,000,000.
C. R.
Texas.
We give special attention to collections on all acces-
OFFICE, MONTREAL.
Pres't.
HWiVTER,
JAItlES
Capital, $i;00,000,
OfHce, No. 9 BIrcliln Lane.
Capital Paid
St., cor.
&
tpeclalty.
of Can.nda.
CO., PARIS.
STERLING CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
AliEXANDERS & CO., LONDON.
&
Baltimore Bankers.
8l
BANKERS AND BKOKKUS,
BAI.TIir.OKE.
INVESTMENT and VIRGINIA SKCUKIT.'ES
)
;
Co.
No. 8 Wall Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS ON
89 William
Smitheks,
A ™_,.
Walteb Watson, J ^*e""-
C. F.
Buy and fell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers' Credissue drafts
its, available in any part of the world
on and make collections in Chicago and throughout
trans-
fers of monp.v on Knmn*> and CAHtnrnla.
John Munroe
:
Collectionsmade on the best terms.
ANGUS, tSeneral Manager
of Europe, Asia, Africa, AustrallB
of Excliange and
S
London, Engi.ani>.— The City Bank.
vT.,.., -(-„«.. i National Bank of Commerce,
NBW
\ ORK. j,_ p smitliers and W. Watson.
J
President
NKW YORK OFFICE,
59 &: 61 AVALL STREET.
Issno Letters of Credit for Travelers,
Draw Bills
$1,000,000.
TORONTO.
office:,
Duncan Coulson. Cashier Hron Lkach, Aast. Cash
Branches at Montreal, Peterboro.Cobourg, Fort Uope
Barrle, St. Catharines, Collingwood.
P. O.
59 EXCII.AN6B PL.ACB,
CORNER BROAD STREET, HEW YORK.
p.'vrt
Reserve,
$2,000,000.
;
GEORGE STEPHEN,
BANKERS,
Payable in any
tnd America.
street.
MOBILE^ Al^ABAiHA.
CAPITAL,
SURPLUS,
CABLE TRANSFERS AND LETTERS OF CREDIT
Seligman
SSWall
CANADA.
Capital,
AND Oy THE
NATIONAL BANK OF SCOTLAND.
& W.
J.
Agents
street.
Bell
National Bank of tlic UcpuUlic.
The New York Agency buys and sells Sterling Exchange, cable Transfers and Gold, Issues Credits
avalfable in all parts of the world, mikes coUeclions
In Canada iiud elsewhere, aid issues Drafts payable
Uemiind
at any of the olllces of tlte bank in Canada
drafts issued pas'able in Scotland and Ireland, and
every description of foreign banking Ijusiaess undertaken.
-\gcucy, No. 52 William St.,
BILLS OF EXCHAXQE ON
SniTH, PAYNE ^k SMITH'S,
Lombard
ilshed.
W.M. J. INUitA.M, Astt. General Manjger.
& C o.,
In New York:
Bank of Mostrkax^
Agents In London:
BosANQUKT, Salt & Co.,
Wilson, Colston
.
President, the Hon. JOHN H iMILTON.
Vice President, JOHM McLENN.\N, Esq.
STREIirr.
BANKERS, LONDON
HARPER,
GOADBY.
OF
i
52 WALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
33
U.
H.
Merchants'
I
AGENTS rOK
&
Exchange, and makes Cable
Transfers of Money,
BARING BROTHEKS & COMPAJfY
J.
STREET.
$6,000,000 Gold.
$1,900,000 Gold.
Capital,
THEY ALSO ISSUE COMMERCTiL CREDITS
G.
THOMAS, LNGEKSOLL, WELLAND.
ST,
Dealers In American Currency and Sterling Exchange-
rhe Bank of Toronto,
issues
S.
Casble;
OFFICE, TORONTO.
The Canadian
No. 50 AV.ALL
MAKE CABLE TllAXSFERS OF MOXET BETWEEN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BRITAIN AND IRELAND.
HEAD
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper, payable In gold
or currency, dlSLOunted on reasonable terms, and
proceeds remitted to any part of the United States by
eold nr currency draft on New Vork.
Bank of Commerce,
dollars for use In the United States and adjacent
countries, and In pounds gurltpg for use in any part
of the world.
Capital, $1,000,000.
K. WILKIE,
ROWLAND, President; D.
Drafts on Scotland and Ireland, also on
Canada, British Columbia and San Francisco. Blils
Collected and other Banking Business transacted.
D. A. MacTAVISH.Sj-agcnis.
Aeents
G. M. MOlilllS,
If.,
iBsne, against cash depoBlid, or satisfactory guarantee of repayment, Circular Credits for Travelers, in
S.
93
Demand
LONDON.
Brothers
H.
BBiNCHKS:-ST. CATHERINES, FORT COLBORNfi,
rates; also Cable Transfers.
Attorneys axd Agbn'ts of
miessrs. J. S. inoRGAN & CO.
No. ii
AVALL STREET.
Commercial Credits issued for use in Europe, China,
Japan, the East and West Indies, and South America.
Demand and Time Bills of Exchange, payable In
London and elsewhere, bought and sold at current
Paris.
p]iilade]pUIa.
Bank of Canada
Imperial
of British
CORNER OF BROAD, NEW YORK.
No.
Canadian Banks
Canadian Eanks
.4GEXCI OF THE
Foreign Exchange.
Drexel, Morgan
6 Vol. XXVI.
Commerce.
Messrs. Ullmers, McGowan &
CHICAGO.—Union National Bank.
BUFFALO.-Bank of Buffalo.
Giold, Silver
COLLECTIOSS
MADE TUROVQUOVl TME
blATE
BUYS AND SELLS EXCHANG ON ALL
PKINCIPAL CITIES OF THE UNITED
'.
THJS
STATES AND EUROPE.
A. K. Walsbb, Cashier.
Co.
Sterling and American Exchange bought and sold.
Interest allowed on Deposits,
Collections mado promptly aad remitted for at lowest rates.
aud Negotiable Securities.
^
B. K. BORBDSS, Pres't.
First
National
WILMSNtiTON,
CoUectionB made on
ill
Bank,
N. C.
paita of the Cuited States
.
March
THE CHRONK^.E.
80, 1878J
Oommercial Cards.
Financial.
E.R.Miidge,Sawyer&Co
Dakota Southern RR.
Soutbern Bankers.
Adams &
k
Leonard,
AOK N
B A
N'.K
K
S
Atlanllo
Western Banks.
«
AND
Iloalerf. Klil'ti nn<1 drawers
From Viirloua Mills.
KKW yoKh.
BOSTON.
WulTK SmaST.
ISCBAtJKOJT ^T
PH1L.\UKLPH1A,
W. DATTON. 'L^y (HKB-fvirr8TR''^v.
Anglo-Californian Bank
LONDON, IlcadOnice, 3 Angel Court.
SAN FKANrlSCO Office, 422 California St.
NE%V YOHK A^Qts, J. ifcW. Seb^rman & Co.
Authorized rapttal, •
Paid-up aud Hearrve,
$6,000,000.
1,55 0,000.
•
•
Traiuact a general Bauktng i>n«lne«. latue Com
merclal Credlta and Dills of Excbange, available In all
parta of llie worM. CollectioDg and orders for llondp
Stocka, etc. executed uoon tho inoot favorable lernit
P. N.
l.'LIKNTHAL
LOW,
{
Boston AKoncy,
•
Head
Manaaer.
8250,000
185,000
^nn2 Koiia,
OLVrilAlNT &
FLOOD,
Vice-President.
H. W. GLENN Y, CaaUer
SI
Niw
or
J
(
STATE BANK,
Incorporated
l3i5.
(
C. t.
»
>\o. 11
dootiinr
SimpLus
Prompt attention given
Old
to
all
business In our line.
± Co. and
D.
Bennet
L.
&
Co.,
GENERAL
GonmssioN merchants,
131 Pearl Street,
St.,
New
Vnrli
53
»illi>,
.^c\v
Vork.
Paton
C.^.,
8c
BVNKERS,
IVllUam Street, New
Tork.
R. T. Wilson
&z
Co.,
for the Dorchaae or sale of Contracts for Future
BaANKERS and commission MERCn.\NTS
2 Exchange Court, New York.
Delivery.
-VOTICE.-TIIE
Brinckerhoft, Turner
Co.,
8c
MauQfaclnrers aad Dealers lo
COTTONSAILDUCK
And
all
kinds of
OTTO/J CANVAt. FELTING DUCK, CAUCOVKR
IKG, BAGGING. RAVENS DUCK, SAIL TWIN K8
*C. " ONTARIO" SEAMLESS BAGS,
•
AWNJKO
STI'.IPES."
Also, Agents
United States BuntInK Companr.
A full supply all
Widths and Colors always
No. 109 Itnane Street.
In stock.
ELEVENTH WAKD
NATIONAL BANK,
located at BOSTON. In the
State of Mas acliusctte, Is closing up Its afflalrs. All
note-holders und otKer^. creditors of satd association
are, therefore, hereby nntlftel to present the notes
and other claEms aicalnst ihc association for paj'inent.
GEO. S. WHEELWJlliGHT, Ca:hier.
Eoiton. March 20, 1873.
~'
WANTED.
~-
N-irlhorn Paclflc ItR. rrcferrei • lock and Bond*.
Oregon Steam NavlKnti' n Co. Stock.
Claims on .Jay Cooke & to.
KK. Land Grant Coupon Bon-*t.
& Ini. Kit. Ist and 2>1 Mort. Bonds
Pandusky -Mansfleld & Newark KK. Bonds.
City. County and Town Boiida of Ohio. Iowa & Wis.
Loiil>vliie& Nashvi le I'.tl. Stock.
Fort Wnyrc .JacK. & Soglnaw HK. Itonds.
Interest-paying Bonds of bouihern l.'allroadi.
T.-xfls Pftclflc
Jefferson. Mailson
Cairo
&
Kansas
BKOWN &
34 Pine
BRO.,
Str.-et.
Alabama, South Carolina
Louisiana
&.
State B4>iids;
Orleans Jackson
Northern,
ic (it.
and
ITIoblle
Ohio Railroad Bonds ;
City of New Orleans Bouda.
LEVY &: BORCi,
86 WALL STREET.
in
McPLim Brothers
6c
Co.,
BAIVKEBS,
47
Wall StrMd,
«<»%v Vorlr.
Fulton
U
.
Bonds, all Issnes.
Honda, all issues.
iraclflc lialLroud
FOU SALE.
New Brunswick Tperct bonds, 1897.
Will, a, CJTLiEV, 31 Plue »t., N. \,
Jersey City and
r.N,» OTHEIIS, defeudarits.— By virtue of and pursuant to a juiignient and dccrue of foreclosure and
sale, rendered a-id entered at a Specijl Tcnu of the
said .Supreme Court in the above-eutIt!ed action, on
the seventh day of November, A. 1). ISVi, I, Oeorge
TIcknur Curtis, fieferee. ap:>ointed tncrein to sell all
and filUKuI iib^l'S nif)rt,^agcd premises, franchises
and property, both reil. per^.inal and mixed, mentioned In the cumpUlnt In this action and mentioned la
the said judg'neut and decree, bclnir the same mor(gaced, or Inten-ied so to be. to the pliUiulIT, the
FariKcrs' Loan it Tru t Coinpauy, Ly a ntortgiige bearing date on the fo rth day of February, A. D. 1874, do
herehv give notice that on the twemy-flfih day of
March, In the yt-ar 15":<, at 12 o'clock noon, at the
Merchants' Exchringe Salesroom, No. Ill Broadway.
In the City of New Yorii, by Bernard Smyth, Auc1 &hall proceed to tteW and shall sell at public
auction, to the highest blilder. for cush. the following
f'escrltied prupeity: All and singular the railways of
tlie said company, from and Including Piermont on the
Hudaon I Iver toand Including the tlnal terniinusof
thesaid railway on Lake Ene, and the railway known
as the Newbury Branch, fn-m Nowburg lo the main
line and also all that part of the railway designated
as the Buffeilo Branch of the Erie hallway, extendlDg
trom HornelUvilli: to Attica, la the tiMti of New
York; andaUo all ot'ier railways beloniflng to the
company In the Slatesof New York, I*ennsylviinla and
New Jer!*ey,orany of them, together with all (he lands,
tracks, lines, rain, bridges, ways, buiU'-Ings, piers,
wharves, struciurea, erections. lences, wall*, fixtures,
franchises, privileges aud rights of tlie said company ; ann also all ilie locouiotives. engines, tcnderi!,
cars, cjrrlagcs. tools, mactilnery, manufactured or
unmanufactured materials, coal, wood and supplies
of every kind belonclug onippertalnl gtothefald
company; and ali loUs, Income, l-sues and profits
irlflng out of »^ald profcrty, and all rights to receive
or recover the same; also all the esiaie, right, title
and Iniercs'. terms and remainder of terms, franclilfcs, privileges anl rights of action of wliatsoever
mime or nature, in law or In equity, conveyed or aaeigned unto the New York & Erie t a.lroad Company,
or unto th'; Krlo lltil. way Company, by the Union
lallroad ompany, by t>)e Builalo New York dc Erlo
l^aiiroad Company, by the Buffalo Bradford 4 Pitts*
b;ng tlailrt ad Company, by the fochesterA Uene.ee
Valley Kaiiroud Comi'any an! by the Long JDock
Compauy ; al.'io all ani singular the choie» in action,
bonds, book accounts,
stocks,
bills
receivable
and other evidences of Indebtedness, lease<told estates, contracts and
other property In tlie said
tioneer,
and dividends, also as transfer agents.
Bonds, stocks and securities bjught and sold on
commission.
Sound railroad and municipal bonds negotiated.
Funds carefully Investeit In Western farm mortgages, and the Intere-t collected.
-L^
H.
r-SALK.— fcu;'reme Court of The State of Kew York.
LO VN & Tr.UST COMPANV,
plaintlfT. against THE EIUE KAILWAY COMPANY
Accounts and Agency of Banks, Corpor.itlons,
tlrma and ludlvIdniUs received npon favorable t?rm^.
New York.
Special attention given to the execution of orders
WALSTON
Co..
8c
Dividends and Interest collected and remitted.
Act as agents for corporations In paylug coupons
Commercial Cards.
cent interest.
Co., or China,
Ficancial.
Jesup,
N. Y. CoRRKBPovDEN-Ts. Donnell. Lawaon
the Metropolitan National Bank.
eiclit per
Foocbotv A
TriidoONLY Supplied
WaLKKB
$75,000.
35,000.
(Paidix)
The ioSS.OOO first m jrtgagj bai.ds are the only Indebtedness of the compa::y. We have sold during
the past two months over |3 '0.0
of these bonds.
When the balance is sold the company will be
entirely free from II ating debt. We are antborixed
to sell the remaining bonds at 90 per cent and
accrued interest, at which rate thuy yield nearly
misslSKlpuI Central,
Cashier,
LITTLE ROCK, AHK.
Mortgage Bonds, while the
net earnings f.T IS?,' were two and a-half times
greater thin the intere-t on itsenti'e bonded debt.
VRIR RAILWAY.-FOHECLOSCRE
N.B.A
rj.e
Fiist
its
more
lo pay the
—THK eAHMEKV
German Bank,
CAPITAL
on
interest
amount required
per cent, the
flriy
New
SODA.
of Sew York, N. B. A., Is prepared to Issne
Telegraphic Transfers, Letters of Credit and Drafts
on The Nevada Bank of San Franclseo.
C. F. PaxziL,
Preeldent.
than
*VAXTED:
op
Toek,
these years of business depression tiu n£t earnings
over all expennei have each year exceeded, by
PEJl-CAHBONATE
Patnk & SMiTua.
The Bank
of {9,0 :0;»r mile of road.
ale
Dakota Soaibern Railroad runs from Sionx
City, lorra. to Yankton, the capital of Dakota, s
distance of 6'i miles.
Tiie road his been completed and
running five years; and during
MANCKACTL'REKS OF
CORKHSPOXDENTS:
1J.IKK
N. Y.
Co.,
8c
John Dwight
2,500,000
^
Amount new OuUlandlng %'JSiJXfi,
ISie
Cliiua
Wall
1114
IjOUIB HoLANE, President.
Thb
being at the
KKPSEPENTKD BT
Capital, fully paid In coin, $10,000,000
........
$IS.0CO.
S.(»«.
Sliniiuhal.
4'.>i>ton,
OF SAN FRANCISCO.
Smith,
St.,
ooM^nssIQN merchants,
Be
SAN FRANCISCO, CAL.
LONDON
KEW VOUK
Water
Olyphant
The Nevada Bank
J. C.
Jp.. 105
Post Office Box
Hank.
Bank.
mlttances promptly made.
Reserve,
Hong Kong.
Office,
W.POMEUOY
Co.'s
Eapeclal attention given to Collections, and
Fund,
COMMISSION MERCHANT,
14 Excliause Plane,
BOSTON.
CORHESroXDF.XTS.
Ban FBANcrsco— Wells, Fargo &
Watkk
105
j
Jr..
St., N. Y.
Charles E. Parker,
A.J. WILLI.\MS, Vlce-Pres't.
N«w ToBK— Tradesmen's National
W. I"l>MEUOY
I'epresentcd by
S.
G. COLLINS. Cashier.
S.
S.
Shanghai
Banking Corporation,
DENVER, COLORADO.
F.J. EBERT, Preat.
Uepre«ented by
.
Hong K' ng &
I'nthl"-
.....
Co.,
merchants
J
J. MUKIIAY KHillE.'*.
oO Centbal stkkkt.
Exchange Bank,
Capital Stock,
Capital Paid-in,
&
Russell
c on inissioN
AND SHIP AGENTS,
Hone Kons. Canton, Anioy, Foocliotv,
Shanglial and IIanko%v, China.
Cancelled by the Sinking
Original lisue, $600,000.
4S
J
(LIMITED),
lTIORT«i.lGE 7 PER CENT
UOLD SINKINU FL'ND BONDS.
FIRST
ton mils,
«'o
Saraio::a Victory Kirs Co.,
MoodvA Jemlion
I*#*w Vni'>r (V>rT»»«nnn<1«nt
F.
'•
Iliirllnetoii Woolen t'o.,
Ellertoii New Itllila,
,
DALLAS, TKXA8.
FKKO'K
iro
r-i
IVasblnetitii mills, Clilcopee yitg Co.,
B
Ill
;
(.
judgment mentioned.
Olven under my han
' at the City of New
York,tliU
twentj-flrst t'ay of .lanuary, A. 1). 187S.
OE'OKUK TICKNOU CUUTU*. ReferM.
TUHNEE, LEK * MCCUKE,
Plaintiff's Attorney*,
au Xassau street. Now York.
sile of the abovc-Jescrlbed poperty heretofore a lYcrtlsed to lake place on ttoe twenty-flrd day
of January. 187'?, at 12 o'clock noon, at the Mcrchtnta*
Eichangt? ^alc^irJora. No. Ill Broa way. In the City of
New Ycrk, was th-n and th'^re adjourned to th«
The
twf>nt)-afth d y of March,
place.
19. S, at
tho same hour and
OEOKUE TlCKNOIt CUBTIS.
Roforce.
The sale of the above-described property U hcrcbj
adjouri cd to the t* enty-fourth day oi April, W.B, a ^
the same hour and p^ace.
OEOlRtiE
TICKNOU CUBTI3,
TcBNBn, Lkk & McClcbb.
Plaintiff's
Attorpeys.
Ref«r4i.
;
THE CHRONICLE.
IV
Finaucial.
inanciaJ.
ir
COUPONS OF THE FIRST
THE
OFFICE OF
MiJBTGAGE BONDS of Ihe CENTBAL PACIFIC
RAILROAD COMPANY (SAN JOAQUIN VALLEY
BRANCH), and
LAND BONDS,
of tUe
be paid at ihe
Nassau street.
187S. will
No.
3
due April
MORTGAGE BONDS
RAILROAD
of the
OP THE
1.
Vlce-Prefldcnt.
rpHE COUPONS OF THE FIRST
CIFIC
THE RECEIVER
FISK & HATCH,
office of
HUNTINGTON,
C. P.
fVoL. XXVI.
SODTHEUK
Central Railroad Co. of
PA-
CO. (of California), due April
]Vo.
1,
wlllbc paid at the office of the Company, Nos. 9
Nassau and 11 Pine streets. New York.
119 Liberty
St.,
New
INew
Jersey,
"iToi'li.
1378,
C. p.
HUNTINGTOy.
CHICAGO ROCK ISLAND & PACIFIC
RAILROAD COMPANY.
A DIVIDEND
a,
TWO PER CENT
of
has been de-
the
unanimously adopted the plan set forth in the agreement for the equitible
adjustment of the affairs of that company, dated February 23, 1878.
This agreemeut was approved by the Cuurt of Chancery of New Jersey, by its
ord r bearing date March 2d, 1878, whereby the Receiver and the company wer&
year, have
May
clared, payable
Bondholders and S.oehholders of the dntral Railroad Company of New Jersey,
and the Bondholders ofthi LshighiS: WUk:»-Barre Goal Company, and the American
Dock & Improvement Company :
The committees representing all classes of perjone iaterestfld in the re-organization
of the Central Railroad Company, after a careful examination of all schemes proposed
in view of the results of the business of the liiilroad and Coal companies for the past
To
1st,
Transfer books close April
FRANCIS
lS-3.
li.
TOWS,
Treasurer.
authoriz-d to carry out its provisions.
It has also been uuinimously adopted by the directors of both companies.
Its provisions are fubstautially as follows
CONSOLIDATED BONDS
Stockholders of the Railroal pay ten per cent in cash, and for this cash receive a
OF THE
new Seven Per C.-ut Mortgage Bond at par. Those stockholders who make this cash
Houston & Texas Central Railway payment have the privilege of converting ten per cent of their stock into seven per
cent income bonds at par.
WILL BE PAID BY
Holders of ihe consolidated and convertible bonds of the Railroad, fund their
J. CISCO A: SON,
coupons for two and a half years, and ri-ceiva therefor new mortgage bonds at par,
bearinjt seven per cent interest, of the same kind issued to the Stockholders for their
No. 59 Wall Street.
cash payment.
Holders of the bonds of the Lehigh & Wilkes-Barre Coal Company, guaranteed by
"VrOTICE IS
GIVEN
the Central Kailroad Company, fund three years' coupons into incoma bonds o' the
the undtrslgned, as Trustees and Receivers of the
Coal Company, and cancel their guarante? in consideration of whicli their bonds,
COLUMBUS CHICAGO & INDIANA CENTRAL amounting to $.5,384,0;!0, are preferred as t) interest to the b uds held by the comRAILWAY COMPANY, will pay on behalf of said canies, amounting to $6,110,000 on which last-mentioned bonds the guarantee is alsorailway company, on presentation at the office of A. to be canceled.
Holders of the bonds of the American Dock & Improvement Company, guaranISELIN &. CO., No. 48 Wall street. New York City, the
teed by the Railroad Company, give up nothing, but timply agree to forbear prosecuting
following-named interest coupons In arrears on mortthe Railroad Company on their guarantee until July, 1883, without releasing it, in congage bonds secured on portions of said ompany's
sideration of which they receive the additional security of the $600,000 Docts Bonds
railroad line, viz.: Coupons due October 1, :877, on7
held by the Railroad Company.
per cent bonds of Union & Logansport Railroad ComThe new mortgage bonds given to stockholders for their cash subscriptions and to
pany Coupons due January 1, 1873, on 10 per cent bondholders of the Railroad Company for their funded coupons do not exceed $5,550,000 in amount, and besides being secured by the whole railroad, subject to the consolibonds of Indiana Central Railway Company.
dated mortgage, are a first lien upon assets worth, in the opinion of the Receiver, at
THE COUPONS DUE APRIL
I8T8,
1,
FROM
:
JOHN
HEREBY
THAT
;
—
^
;
JAMES A. ROOSEVELT,
WILLIAM R. rOSDICK,
Trustees, &c.. and Receivers of C. C. &
New York, March 2S, 1878.
C.
I.
RR. Co.
Centbal Depot, New Y'ork
TRANSFER BOOKS OF THI^
CO.MP.\^ Y
will be closed at Three o'clock, P. M., on
Saturday, the 30lh Inst, (preparatory to the Annual
Election for Directors, to be held on the first oay of
May next), and will be re-opened on the morning of
Thursday, the second day of May next.
E. D. WOIiCESTEi*, Treasurer.
MISSOURI
CO.MPANY
PACIFIC KAILW^AY
BowLIXG Qeeex, New
York, March 27, 1878.— The Coupons duo April 1, 1878,
on the First Mortgage Bonds of the Carondelet
Branch Railroad (Missouri', that have been presentel
and stamped In conformity with the plan approved by
thcCommlitce or Hondholders, will be paid on and
liFFICE, No. 5
after that dale at this oUIce.
C. K. GARRISON, President.
TTNION PACIFIC RAILROAD COMPAN Y.— A Dividend
will be paid
of
Union
capital stock of the
TWO PER CENT
Paciflo Railroad
on and after April
March 22, 1878.
New York stockholders
!,
1878,
on the
Company
to stockholders
of record
Union Trust Company,
Boston stockholders
73
will
be paid at
Broadway,
at the
New
Company's
office of
York, and
office, 44
Eqult.
able Building, Boston.
Stock books
will
be closed March
HENRY
April 2.
Boston, March 20, 1878.
TYT-ESTERN UNION
' '
2'i
and re-opened
McFARLAND,
Treasurer.
TELEGRAPH
CO.MPANY, TEKASUBHE'a Office, New Yoek,
March
13,
iSV.
DIVIDEND No. 43.
of Directors have declared a Quarterly
Dividend of ONE AND ONE-HALF PER CENT upon
the Capital Stock of the Company, from the net earnings of the three months ending March 31st Instant,
payable at the office of the Treasurer on and after the
15th day of April next, to shareholders of record on
the 20th day of March.
The transfer books will be closed at 3 o'clock on the
afternoon of the SDth Inst, and opcnedon themorulne
The Board
^
of the 16th of April.
a. n.
ROCHESTER,
Communipaw and Port Johnston, $3,000,099 20
stock of the New York & Long Branch Railroad Comp^iny unencumbered, $1,500,000
$0,116,000 Consolidated Botds and $0,000,000 stock of the Lehigh & Wil,;es-Barre
Coal Company; $o, 000,000 stock of the American Dock & Improvement Company;
$800,000 Btocii of the High Bridge Railroad Company $200,000 stock of the Longwood
Valley Railroad Company, both unencumbered equipment behmging to Central Railroad Company of New Jersey, $1,000,000, besides the lease nf the Lehigh & Susquehanna Railroad and other leases.
The income bonds given to stockholders in exchange f r ten per cent of their stock
at par, are substantially equivalent to a preferred seven per cent stock payable at par
in thirty years, and give those who subscribe a corrresponding advantage over those
;
LAKE SHORE & MICHIGAN
THE
SOUTHERN RAILWAY CO-MPANY, TekasukEH's Office, Grand
March iS, 1878.-The
least $8,000,000.
These assets include real estate at
Treasurer
;
;
who do
not.
As Receiver of the railroad, I have been in constant communication with the
various committees during their labors, and have carefully considered all plans of
re-organizaiion suggested. The one adopted has my most hearty approval.
It preserves intact all tie valuable properties hitherto controlled by the Central
Railroad, thereby developing their joint earning capacity to the fullest extent.
It
gives no undue advantage to any one class of securiti-s over any other, but benefits all
alike, and under it, witli even a small part of the revival in coal business which is
anticipated, the railroad can meet all fixed charges and still have something to divide
among its stockholders.
The net receipts of the road during the past year, so disastrous to coal interests,
disorganized as it has been by the fin;incial difficulties wliich ctilminated in my appointment, and l)y frequent strikes, have been $1,838,335; deducting fixed charges prior to
consolidated mortgage, $032,948, leaves a balance of $1,215,387.
The annual interest
on the coneolidated and convertible bonds is'f 1,358,000, only a little more than the net
earnings.
Copies of the agreement and of the statement showing the effect of its adoption,
and the considerations which recommended it, can be ob'ained at my office, 119 Liberty
ftreet; from Messrs. J. S. Kennedy & Co., 41 Cedar street, N. Y. and from Messrs.
Brown, ^h^pley & Co., London, who will also furnish any information that maybe
,
desired.
I'rompt action
is
eesential for all
who
desire to obtain the full benefit of its provi-
sions.
This is especial'y atid peculiarly go on the part of the stockholders. A foreclosure of the $20,000,000 mortgage is now going on, and unless that suit can be stopped
by carrying out the proposed scheme, I can not see how anything is to ba saved for the
stockholders.
It is hoped and believed that the proposed scheme, it carried into effect, will save
to the stockholders what they have heretofore invested ,^in this company.
Surely their
interest in such a property is worth an effort to save it.
To save it will need the prompt co-operation of nearly every stockholder, and no
one of them should make the mistake of supposing or believing that, without their
contributing anything, others will furnish money enough to carry through the scheme.
To ensure succees, each one should and must do his share.
Yours respectfully,
FRANCIS
S.
L,ATHROP,
Biceiver of the Central Railroad of New Jersey.
xmtlt
HUNT'S MERCHANTS' MAGAZINE,
AND COMMERCIAL INTERESTS OF THE UNITED
REPliESENTING THE INDUSTRIAL
VOL.
SATURDAY, MARCH
26.
CONTENTS.
in principle that
THB CHKONICLK.
Thn
of
Integrity
serves
Banktni;
Monetary and Commercial
30(
EnglliliNews
Commercial and Miscellaneous
Re-
Ijitcfit
801
mi
Tho Texas PaclBc Suhsldy
Ctioice RiUroad Bouda
News
303
306
THE BANKERS' GAZETTE.
Money Market, V.
S.
Secnritiea,
I
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
Banks, National Banks, etc
307
i
Qnotations of Stocks and Bonds. 309
Investments, and State, City and
814
Corporation Finances
1
RreadstnSs
320
HotUm
SlOlDryOoods
I
8!i4
32S
^{)t <2EI)rauicic
The CostMEKCiAL AND FINANCIAL Chiionicle
day morning, with
the latest news
up
issued
ts
on.
Satur-
midnight of Friday.
to
notice
For One Year, (inclading postage)
ForSizMonths
Amitial subscription in London (including postage)
Sixmos.
do
do
do
IN
ADVANCE:
$10
20.
6 10.
£2
58.
I 68.
Subscriptions will be continued nritil ordered stopped by a writ/en ot-der, or
Mi the publication office. The Publishers cannot be responsible for Remittances
aaleea nude by Drafts or Post-Ofllce Money Orders.
London
The London
OiBce.
the Ciibonicle is at No. 5 .^nstin Friars, Old Broad
Btret-t, where subicriptlons will be taken at the prices above named.
oflico of
AdTerttseinents.
Transient advertisements are jiublished at 45 cents pet line for each inserti'sn,
bnt when definite orders are given for Ave, or more, insertions, a liberal disconiit is made.
No promise of continuous publication in the best place can be
given, as all advertisers raust have equal opportunities. Special Notices in
Banking and Financial column 60 cents per line, each insertion.
WU.LIAU B. DANA,
WILLIAM B.
& 00., Pnblishers
79 & 81 WilUam Street,
lOUll Q. FLOYD, JB.
YORK.
Post Office Box 4,592.
It contains
only a
as follows:
is
two familiar conwould open a possible market
for United States bonds to the extent of the legal
tender reserves, say 100 millions, and that it would be of
advantage to the banks y enabling them to turn that
amount of idle money into an investment netting, say, 4
there are the
bill
siderations urged: that
it
'
per cent interest.
TERMS OF SUBSCRIPTION-PAYABLE
it brielly.
666.
" It shall be lawful for any as?ociation organized under the
provisions of the national banking act to sell or dispose of the
legal-tender notes which they are now required lo liold as a
reserve fund, and to invest the same in any of the bonds of the
United States which are now issued or may hereafter be issued;
and such bonds so held s all constitute the reserve fund of said
associations."
In favor of this
THE COMMERCIAL TIMES.
Commercial Epitome
\
1
we
and
STATES.
NO.
30, 1878.
single section,
'
money
If, in
the present condition of the
markets, there
is
not sufficient inquiry for United
make
it
wholly unnecessary to tamper
States bonds to
with the bank reserves in order to enlarge the market for
them, the reasons for the fact ought to receive earnest
Better find out and removS the obstructions
in the natural market, than cast about to manufacture
an artificial one.
With regard to the profit to the
banks, no conservative institution can desire the law.
attention.
would be rather surprising if some of them
were not found, under the severe pressure which
DANA
banking has suffered since 1873, to be in favor of
NEW
this bill.
It is true, as we have frequently urged, that
the pressure of government upon the banks ought to be
Qi^ A neat file-cover is furnished at SO cents postage on the same is 18
cents. Volumes bound for subscribers at %\ f^.
lightened; but if it is desired to do something for them,
%j& For a coniplv_-te set of the Coxmbrcial and Financial Chronicle—
July, \*6i, to data— or of Hunt's Merchants' Masazine, liUS to lull. Inquire
a much more appropriate and effectual method, as well
at the olHce.
as one free from objections, would be to simply abolish
^SBT The Bnsiness Department of the Chronicle is represented among
the tax on deposits, which yielded in 1877 nearly as
Financial Interests In New York City by Mr. Fred. W. Jones.
much as 4 per cent on a 100 million reserve would bring.
THE INTEGRITY OF BANKING RESERVES. This relief, moreover, would be felt by every bank,
The current opinion that no further attempts at cur- whereas very few of them would consent to use the perrency legishition will be successful during the present mission of this bill.
"ssion of Congress has been so strongly justified during
Reserve is a guaranty, maintained at expense, and
the past week by the failure of several efforts to intro- that expense is a part of the cost of banking.
Its necesduce new bills in the House, under a parliamentary sity is conceded and, that being the fact, any step which
requirement of a two-thirds vote, that fear on this may impair its efiiciency by lowering its quality may
particular account may be considered at an end.
The work an injury only second to reducing its amount or
Still, it
;
Senate had aire idy plainly shown a determination to
oncede no further experiments, at least until a consid-
it altogether.
Tho truth of this is seen by
simply remembering what are reserves, and for what
purpose they are required. In military affairs it is
abolishing
i-able trial has been given the Silver bill; and now it
appears that the House has taken a similar ponition. the most effective portion of the army ; this is kept
Bu'^iness circles will felicitate themselves upon this rest unused and is brought up at the critical moment, to
from agitation. Our legislative bodies, of late years, save the day ; the samej thonght applies in banking,
•
are so
much
something which is best suited and kept for emergencies.
Unless reserve will be effectual in tho emergency, it
A bill, however, was introduced in the House on the might as well not be kept ; but, of course, the sort of
14th, and has obtained tho approval of the Committee value which obtains acceptance in ordinary ciroumstances
on Banking and Currency, which is so radically wrong is not good enough. It must be the choicest and best;
of the nature of irritants that often their
most soothing act
is
their adjournment.
THE CHRONICLE.
302
and ultimate value be greater than that
must possess a greater present acceptit must be what everybody wants at just that
The value of ready money, and the general fren-
whether
its real
of other assets,
ability
time.
it
—
zied rush for
it
the fact that
in a panic, consist in
its
LVoL. XXVI.
"The Northern
why should not
railroad
was helped by (he Government:
the Southern road, in like manner, be
helped?" Such is the brief but effective argument which
quickly oversets every sentiment of economy, of policy,
of principle.
We do not wonder, however, at the prevalence and
any power of some such idea. It is perfectly natural for one
when a man, in panic time, gets section to desire governmental assistance, in the develophold of it, he is satisfied. The fear of not being able to ment of its resources, similar to that extended to another
get it constitutes the pan'c; hence, getting it, cools section and if it is right in the one case, it is right in
down the panic. There is no excuse for disregarding every other. But it should be remembered that it was
Bonds are good, during the war that the Pacific Railroad Act was passed,
this fact, which is known beforehand.
particularly government bonds; but they are no' the and it was only justified at that time on the claim of its
because everybody being a military necessity. Very many opposed it even
thing just then in a panic time
Hence, a pLan to do away wiih then but that was a period when our Constitution was
wants money.
the money reserve, which everybody rushes for found to be, or made to be, quite elastic, and many
when reserve is needed, in favor of what is ordi- things were winked at which would not bear the light
narily go "d but becomes unavailable the moment it is to day; nor can they f;iirly be used as precedents for
most sharply wanted, is as fatuitous as it would be to present action. We hold that Congress has no right,
possession ends
all
and is not subject
form of security
questions;
it
has not got to be sold,
to fluctuations, as is the case with
;
;
—
—
;
sail and diminish draught, for the sake of speed. under our Constitution, to subsidize a railroad, bolsterUnless the reserve kept is to be the sort which is ing up private enterprises by guaranteeing bonds or
wanted, the pretense of keeping any is idle; in fact, the lending money or credit In any form; and this was
bill in question, instead of bting entitled "a bi.l regu- always the prevailing opinion among our best statesmen
lating the reserve fund of national banks" should be in the attewar period, not a few of whom came from
For such it really is. the Souih, To repea'. the objections urged to a contrary
entitled " a bill to abolish" them.
increase
and carried out by the voluntary action of the policy seems almost a primer exercise. Besides, repetibanks, there will be no legal reserves remaining, and, so tion is especially unnecessary now, with such recent
far as compulsion of law affects the matter, the fright- illustrations of the aggressiveness in the assumption of
ened depositor who demands his money may be told that power and of the corruption which always accompanies
*'
Certainly no
there is iio money on hand, but we can give you some the stretching of constitutional limits.
Surely Congress cannot intend to part of the country has suffered more, from a loose
excellent bonds."
produce such results.
interpretation of the Constitution, or is more interested
in the recovery of the old landmarks, thau the South
If passed
THE TEXAS PACIFIC SUBSIDY.
We
have la ely been looking over a series of maps
These illustraissued by the Texas Pacific Railioad.
tions show how thoroughly tlie conductors of tbat
enterprise have become possessed with the idea of the
In
efficacy of pictures for influencing men's minds.
examining the maps, we have e.\perienced great pleasure,
One of
and, we must admit also, some little amusement.
them makes St. Louis almost in a direct lin- with San
Diego, through the St. Louis & Iron Mountain road.
itself.
—
But passing by such considerations why should the
South e.xpect any special benefit from this road, pressed
as it is by the head of the Pennsylvania Railroad.
To be sure the maps (object-teaching) we have referred
to above indicate that there must be, and look with their
if there might be some benefits;
but as there are so many maps, the teaching finally
becomes quite diffusive and hence rather impersonalTexas will be opened up to a certain extent but that must
red and blue streaks as
;
anyway, for it is a State growing so
own development forces railroad growth;
Another and besides she is sure to get it in a better form by
In looking at it, a friend innocently questioned its come soon
accuracy, never having supposed that St. Louis was ou rapidly, its
or near the thirty-second parallel of latitude.
map of the series, however, relieved this friend's mind,
another corporation, as
for there he found that Cairo, Louisville and Cincinnati
giving
had arranged themselves on the sme old line, and St.
Louis was put off one side. Going deeper still into our
collection, another map gave us Memphis, Little Rock
»nd Norfolk toeing the mark with the precision of a
any
company of infantry; but this time
and Cincinnati were all decidedly
St.
Louis, Louisville
away
principle.
new road
of the
will
Texas
we
shall
soon
see,
without the
and without the sacrifice of
Aside from the Western half of Texas no
be opened in any State under the auspices
of public credit
Pacific, except as
may
be necessary to make
an air line to the Pennsylvania organization of roads;
and when St. Louis spends its money in manufacturing
In the public opinion by public meetings in favor of Mr. Scott's
next maj) Shreveport, Vicksburg and Savannah have little scheme, unless her people get some of the bonds,
risen up into the places just occupied by Little Rock, they are spending their money for that which profiteth
Memphis and Norfolk; while in the last map of all, not. lie will no more direct his enterprise to St. Louis
New Orleans has become the objective point, and appar- than he will to New Orleans or Galveston,
Then again, if it is desirable to build the road, why
ently the only point worth considering in the building
should the Government be called on to pay Mr. Scott and
of this new Pacific railroad.
What is all this for ? Why, clearly enougl>. Congress- his friends so much money for doing a woik anyone would
off stations.
A blue streak
running direct- be glad to undertake for a less consideration. In addition to a land grant of 18,000,000 acres, they modestly
for manufacturing p iblic opinion in Missouri; and as the ask for a guaranty by the Government of twenty-five
road is not to cost anyone anything, the unbidden thousand dollars per mile for the easier and fortj thou-
men's votes were wanted.
ly from San Diego to St. Louis
is
a wonderful instrument
thought is, why not tell our Congressmen to vote for
In the same way, Tennessee, Arkansas,
the bonds?
Mississippi and Louisiana are captured, until the cry
becomes a Southern one, and the question sectional.
sand dollars for the heavier portions of the road. As in
it cannot honestly cost so much to build it,
what possible excuse can be made for so loosely and
these times
lavishly voting
away
the public credit
?
Could there
Mabch
THE CHRONICLR
so, 1878.1
303
be any better illustration of the viciousness of the whole
made too
Bubsitly system than this very proposition,
even before the scandals with regard to the Union
disadvantageous to the Southern Road. Besides, the
p rlion between Arizona and San Francisco is already
Pacific have lost their freshness?
many
But
this
proposition of the Texas Pacific
is
coupled
comwith the further peculiar feature, that another
work
same
tiie
to
do
offers
Pacific,
pany, the Southern
without any guaranty or any subsidy except the land
trraut.
As our
readers are aware, the Southern Pacific
a Califor ia corporation of good credit, with about
720 miles of road already built to the southwesterly
is
corner of the Territory of Arizona, wheie it was to form
It has
a connection with the proposed Texas Pacific.
seeking
is
but
never asked for any Government guaranty,
and
built
in
the hands of this management, and for
for the Texas Pacific
must come over their road from San Francisco, as it
will take time to build up a trade through San Diego.
Hence, if there is any connection between the Southern
and the Central Pacific, they have the ability already,
if they had the will, to block in large part the movement
over the Texas Pacific, by whomsoever built. Does not
this power therefore even now have control of the road's
future business ? San Diego will grow into a command-
years most of the business
ing position with regard to the trade of the Pacific coast
—
any other port grows in importance very slowly
and until that end is attained, San Franwe repeat, must be the objective point in the West,
just as
simply with its own money to obtain an outlet through
It has reached a point wliere
the Southern States.
for a long time;
it expected to find the other road constructed, and finds
instead no road and no movement to build any, for that
and the Southern Pacific the feeder.
We have not room to pursue this subject
other road, having spent all it could beg or borrow, like
many individuals and corporations similarly situated,
is
has betaken
itself to
Washington
as its headquarters
and
lobbying as its business. Why should there be any hesitation between two such applicants and two such propositions. On the one side we have a company of good credit,
cisco,
further.
It
one of so much importance that we give up considerable space to-day to a reproduction of the minority
reports made by the Congressional committee having the
matter in charge. Any one who wishes to act wisely
upin the subject should study them closely.
CHOICE RAILROAD BONDS.
which has shown its good faith by building up to the
connec
subscriber
of the Chronicle, resident in Switzerneeding
the
absolutely
charter,
its
limit
of
very
tion through Texas to utilize what it has already built, land, in renewing his subscription, requests the publishers
and offering to make the connection if only the right of to "underscore on the Ciironicle quotations first
way and the land grant will be turned over to it. On the " mortgage railroad bonds perfectly safe, paying an
other hand we have a corporation with very poor credit, " actual interest of 6 and 7 per cent." This request
possessing for years the right of way and land grant, yet made with all sincerity and, in fact, a litt'e naivete, is so
failing to fulfil its part of the contract, and now admit- exceedingly comprehensive in its scope, that the oldest
ting itself to be so involved that it cannot do it unless it and most experienced dealer in railroad securities would
hesitate to undertake the task of complying with it.
is guaranteed more money than would cover the whole
Truly, our Congressmen will have The rate per cent of interest which a given stock or
cost of construction.
easily deterto be in a desperate condition indeed when they are able bond will yield at current prices, is
to find arguments strong enough to lead them to vote mined by the table for investors published in our annual
under such conditions for a subsidy of about forty Financial Review; but to ascertain what bonds are
millions of dollars.
safe for a permanent investment is a point which
But one argument is urged against the Southern Pacific purchasers have always been endeavoring to solve, and
which may, and undoubtedly doe?, have some influence; have never yet been able to with complete success. Let
that the road is owned by or under the direc- us see, however, if we cannot in some measure answer
it is this
Central P.acific. The truth of this assertion this inquiry by showing what test can be applied by the
the
tion of
is denied; granting however that it is as stated, why is average investor which will enable him to form an intelRemember that the issue is between ligent opinion.
it not desirable ?
the Pennsylvania Company's management and the CenThe experience furnished by the past ten years, with
remember also that the former a careful observation of the various causes which have
tral Pacific management
company has just had a meeting in Philadelphia, at led to the numerous defaults in railroad bonds, leads us
which the President acknowledged that his management to the conclusion that a solution of this question
had been a failure, and the meeting ended by a forced can only be reached through an examination of the net
borrowing of money from his stockholders at 4 per cent, earnings and their relation to the charges upon the road.
as the only chance of getting his company out of the This point is so essential that it is almost a truism, and
A
—
;
scrape; starting with a magnificent property, such
condition
we
find
Central Pacific
it
lias
On
is
the
yet great prominence
is
often given by
many
to other
hand the features which are, comparatively, of little moment,
been most wisely directed a new such as the amount of bonds issued per mile, the
in to-day.
the other
—
and untried work of unsurpassed
and yet guaranty of another substantial corporation, the large
gross earnings per mile, and various other consideraested in a southern Pacific road would rejoice if the men tions commonly urged as furnishing an assurance of
who have done so well, could on fair terms be prevailed safety; all of them, however, have proved inferior to,
upon to take hold of their new enterprise, for, in that and in fact of little moment compared with the simple
case, great confidence might be felt in its successful test of the amount of surplus net earnings for a serieg
issue.
Nor need we fear that the Central Pacific in of years over and above all the necessary annual charges,
their hands would act as a rival or adverse interest. including interest.
successfully executed;
we should
difficulties,
think everyone inter-
The Central is only 742 miles long, and this new route
will be more than twice that length, and if there is
to be a rivalry, the greater favor would necessarily be
shown the longer line; in this case they would own the
Such
a,
this
single standard as furnishing the only
list
upon which
to
make up any general
of railroad bonds that arc probably safe, a table has
been prepared and is published in the Investors' Supplement, showing those bonds on which the interest has
rivalry as that could never bo been earned in any or all of the past three years, with
whole, while in the other the Union Pacific owns the
larger share.
Taking
practicable basis
.
THE CHRONICLE.
304
XXVI
[Vol.
a clear surplus balance in net earnings, over and above
the annual interest charge, of 25 per cent. The earn-
tatfst fllonetarg anb Commercial
ings are given for the particular road, or section of
RITRS OF BVCHANOB AT LOIVDON AND ON LONDOIf
AT LATEST DATBS.
upon which the bonds are secured, whenever they
can be so obtained, although it is obvious that in the case
road,
of
many
BXCHANOB AT LONDONMARCH 15.
consolidate! lines, such as Central Pacific or
Chicago & Northwestern, the earnings of each section
of road cannot be separately furnished, and when the
surplus
large
is
it is
hardly necessary for our purposes
The basis of 75 per cent of net
that they should be.
earnings as a
is
minimum
to secure the
assumed as a purely arbitrary
payment of
interest
i-tandard, on the supposi-
that roads which, during the recent unfavorable
tion
more than
years, have earned 25 per cent
sufficient to
ON—
TIHS.
Paris
Paris
Berlin
Amsterdam
An'werp
Vienna
ass .35
iO.65
@20.5»
Var.
15.
io.s5
20.55
asoso
Mar.
Mar.
15.
15.
'*
months.
*'
be likely hereafter to earn
less than enough to pay the same.
Qenoa
From these explanations it will be understood that Naples
Vew Vork ....
lease! railroads, on whose bonds the interest has been Eio de Janeiio,
Pernamhuco...
regularly paid by the lessee, but not actually earned on Buenos Ayres.
all
their interest, will not
nor can those roads be
included from which no statements of earnings are ever
received, even in annual reports, however prosperous
are not included;
the road,
they
may
be; but the securities of this latter class can
12.15
"
access to the books of the company.
The table will be continued from month to month in the
Investoes' Supplement, the roads being given in
alphabetical
order.
But while this statement is
presented
number
safe,
a
as
of
general
railroad
classification
bonds
which
of
ought
a
large
to
be
on the single standard of adequate net earnings of
their respective properties,
it is
far
the publishers to intimate that
from the intention of
these bonds are a
all
desir ible purchase, or, on the other hand, that these are
the only safe bonds.
considered
There may be other questions to be
to mort-
— pending litigations, uncertainty as
gage provisions,
peculiarities in the
form of the bonds,
the possibility of floating debts being pressed ahead of
mortgage bonds, the fact that bonds have no place on
any public Stock Exchange, and various other points are
The
all matters to be considered in making a purchase.
list is
furnished rather as a suggestion to investors, with
©12.20
«oJ<f@i53i
*'
SATB.
short
S5
short.
3 mos.
20.41
20.11
li.l2
short
*'
iliT. 15.
H
2D. 41
47>i(a4~K
Mar.
Mar.
Mar.
Mar.
15.
15.
Mar.
15.
short.
Mar.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Mar.
Feb.
Mar.
15
60 days.
93 days.
short.
3 mos.
25.18
119.30
"
12,
86 1-16
47.91
13.
<*
90 days.
S
51Ji@5J
months. 81.80
*•
..
27.80
@«.85
.
Mauri'lus
Bomoay
It.SHd.
U. »H(iU. 8Jid.
30 days.
•*
Calcutta
Hodj; Eong...
"
"
Shanghai
Batavia
AleXAUdris
3«.
B».
iT.25
©27.85
....
10i,d.
3Yd-
....
hardly be wanted by the outside investor, and they
should be held entirely by directors and their friends
who have
TUtB.
l-2.3Ji@lJ.4Ji
S5.35>i@i5.37J«
*'
Petersborg
Madrid
Cadiz
Lisbon
©£0.59
lilUm-i-iH
short.
.3
.
LATEST
DATB.
monthti. 55.30
*'
Hambnrf!
Frankfort ...
Araster'am ...
Netof
EXCHANGE ON LONDON.
Mar. 15
short.
i
St.
pay
KATK.
(Jixglia!)
9.
4. to
24X
Si@24H
tox
*'
13.
*'
;.
"
1.
14.
6 mns.
8 13-lM.
Is.
•*
4.
**
4.
'
1.
13.
U.
^'
13.
3 mos.
Hd.
8«. V.d.
5». iiid.
12f.
9r!4
IFrom our own correspondent.]
London, Saturday, March
Another week of
16, 1878.
has been passed, and it is
still regarded as doubtful if th? Congress assembles at BerlinThe proposal of the Eoglish Government to admit Greece is causing some delay, and it is even said that Russia objects to the new
suggestion, as well as to the submission of all arrangements
between her.self and Turkey to the Congress. Today, however,
some reports have been current to the efiect that Russia will
withdraw her objections, assuming them to have been put forward but, unfortunately, since the fall of Plevna and the collapse
of Turkey in Europe, tliere has been so much prevarication on the
part of the Russian Government, that the British public, as well
There
as that of tbe Continent, does not know what to believe.
is, nevertheless, still a hope that the end will be peace; but it is
difficult to assign adequate reason for believing in such a r- suit.
If the saying be true that, to preserve peace, a country should be
prepared for war, then peace should be a certainty, as never were
our preparations or those of other countries on so vast a scale as
they are at the present tinie. These political uncertainties, however, which are of a very grave character, are not only checking
any improvement in o-jr trade, but are, it is believed, producing
considerable anxiety, and, in many districts, much distress. During the greater part of last year, manufacturers wrre large buypolitical anxiety
;
which they may go to reliable and well-informed
brokers, and under their advice, select bonds issued by ers of raw materials, and were producers of large quantities of
railroads that will, in all prob bility, be good for both the goods. Owing to the limited export inquiry, the stocks of goods
but as the cost of manufacture bad been small,
accumulated
Interest and principal of their obligations.
;
St. Louis & Southeasteriii— la Louiaville, Ky,, March 27. 'he
United States Circait Court granted a decree againRt the Kentucky division, formerly tbe Evansville Henderson & Nashville
Bead. The decree provides that tlxe road shall be sold to satisfy
the first mortgage for $998,000, unless all arrears are paid up by
October 1.
Western Union Telegrapli— Atiantic & raciflc— The
Tribune says that the managers of the Western Union Telegraph
decline to pay any more money to the Atlantic & Pacific
Company, in settlement of ba'ianceg due under the pooling agreement.'until the suit of Mr. Benedict against the Western Union to
cancel the compact is decided. The balance on December account.was paid by the Western Uninu a day or two before the Benedict
suit was brought, and no paymeots have since been made.
It was proposed tbit the Western Union should loan the
Atlantic & Pacific the amount due on the January account (a little
over $40,000), as the latter company was in need of funds. A difference arose as to the security for such a loan, but tlie officers
stated that there was little doubt that the matter would be satisfactorily settled, and in such a way as to furnish the Atlantic &
Pacific with the money required.
The case was before Judj?e Lawrence this week.
Company
United Companies of New Jersey.— Bordentown, N. J.,
March 37. Tlie suit of Dr. H. H. Longstreet, of Bordentown,
—
who opposed
the leasing of the United Railroads of New
Jersey to the Pennsylvania Railroad Company, has been amicably settled in tbe Court of Chancery. The suit was beauu in
N.
J.,
1871.
producers naturally expected that with a terminaki./n to tbe war,
an active export inquiry would arise. And it was never expected
when Plevna fell, that three months would ebipse without anyofficial becoming known with rt^gari to tbi terms of peace,
and with many difficulties cropping up with reference to tbe
meeting of a Congress. What appeared, therefore, to be a sound
and legitimate speculation, calculated to yield a liberal profit, is
being shorn of all advantage, as the goods are remaining too long
thing
on hand. There are many who believe that our trade is in
by no means so sound a condition as it was, and they are preparing themselves for numerous failures. The failures reported
from the United States do not, of course, improve matters and
the only hope of an improvement can at tiie moment arise out of
the establishment of a durable peace. It ia, hnwever, some satis;
faction to be able to announce that the agricultural prospect ia
more than usually encouraging. The weather is now cold and
dry, and sniing sowing is progressing rapidly under most favor-
A good harv<?st will prove to be a great boon to
and Continental reports are equally satisfactory.
able conditions.
this country,
Grave and threatening as is the present position of afiairs, there
yet be a sudden change from the existing depression to com-
may
parative,
The
if
not actual, prosperity.
directors of the
Bank of England have made no change
The directors of the Bank now hold
in their rates of discount.
large supplies of public money, for which they pay no interest,
and the open market supply of floating capital having been
.
March
reduced ia propirtlon. ibe Bank bns
money market, and
ia
now
now
likely to exercise
of the shares (parchased at 90 per cent of their par value) of the Syracuse Utnghamton Si New York Railroad Company.
The amount autlior'zed by the mortgage is 2,.'S00,000 dols., of
which 1,750,000 dols. are issued for thH purposes above named;
270,100 dols. are reserved lor the payment of the outstanding
mortgage due in 1887, making a total issue of les*< than 25,0(^
dols, per mllo of main line.
No part of the remaining 479,900
dol^. can be issued except for permanent improvements.
The company has no floating debt. lis share capital is 3,004,000 dols.
The gross earnings of the company for the ten vears ending Ist
There is no doubt tbat had there been more
commercial demand tor money and a larger inquiry for gold for
exportation, an advance in the Bank rate would have been made
Trade, however, is so slack tbat the supply of merthis week.
cantile billa i* very limited, with still no prospect of increase,
while the demand for gold for export is far from pressing. In
week the money market was decidedly firm
and no accommodation was procurable under the Bank
but latterly a somewhat easier tone hag been apparent, and
Ihe early port of Ihe
in tone,
the quotations are
now
Opea-market rates
SO and eoijyx' Mill
J months' bills
,
I
IK®>
Wm
Per ceni
bank bills
6mantbs' bauk bills
4 and 6 montba' trade bills.
4
I
uiuntbs'
2'^(a>iX
ilU'^ifi
a>«Q!|
yield fully 7 per cent.
'•
Payment under discount can be made
annum.
by the joint-Btock banks and
interest allowed
rates of
dUcount houses
Open-marKet raws:
I
3
rate.
The
October, 1877, were 6,009,0:9 dols. net earnings. 2,025,108 dols.,
and the total amount of interest upon the bonded debt for the
same period w»s 1,100,279 dols., showing an excess of net earnings of 328,880 dots., or about seventy per cent more than the
amount required for the interest charge.
At the present rate of exchange on New York, the bonds will
as under.
Per ceot.
Bank
for deposits are subjoined
Professor
Per cent.
—
at
any time
at the rate of
4 per cent per
:
JolntstocK banks
DIecoant honrc^ at call
Dlaconnthoufes with 7 (lays' notice
Discount houses with 14 days' notice
305
Company, which company owns a majority
the control of ihe
until tiie dividends
it
tre paid in April.
rate,
:;
THE CHRONICLE.
1878. j
30,
—
.
Wagner
publishes a statement, compiled from the
returns of the Imperial Statistical OfHce, showing that since the
1
1
termination of the French war the balance of trade has been against
Germany to the following amounts: In 1872, .£4",0C0,000 sterl-
IJi
l^i
Annexed is a stateiiient showing the present position of the
Bank of England, the Bank rate of discount, the price of Consols,
ing
the avorago quotation for English wheat, the price of Middling
allowing for interest and possible errors, leaves Germany with an
excess of imports of at least £200,000.000. which is equal to the
Upland
Mule twist, fair second quality, and
House return, compared with the four
cotton, of No. 40*8
the Bankers' Clearlngf
entire
1875.
1S75.
1S74.
Circnlatlon— inclnding
£
M,487,S4»
bank post bliU
IO.10C.20J
Public deposits
Other deposits...
n,585,457
Other sccurlilei
Kc^crve of notes and
£
£
£
a6,63a,>!6
I0.01J.1B7
26,9;6,5n
17,'j02,470
19,694,5-!7
13,«b:),J15
2T,S}3.505
8,6^5,941
2i,i89.1al
18.B0B,S87
20,871,511
l<),.$10.b6J
Sl,805,85»
ll,312.4fO
•ii,896,li57
1
l.'S.«98.5i-a
19,103,570
IC,583,08i
1J,803,9:5
14,441,048
12,7-5I,4J9
2l,I3I,10(
iS,937,465
26,499,233
2),(23,274
46-21
c.
37 50
2 P.O.
488. 8d.
51s. -Id.
tOs. 2d.
6Xd.
6«d.
6)id.
lid.
IQSid.
return. 128,891,000 I3.J,33J,0C0 116,419,000 10J,2(,5,000
lOd.
90,02S,000
tollablJlIles
Clcarinj:
...
3>< p. c.
i2<^
60?. 8d.
8>id.
4p.
3>^ p. c.
935^
c.
2 p.
7,'id.
1'.
;
048,
and
its
amount
of the
war indemnity exacted from France.
In thi«
and commercial authorities, are gloomier than ever. These
mainly accounting for this Govern,
meni's profound anxiety to further the achievement of peace.
In the grain trade there is a great want of activity, acd prices
are again lower. English supplies are insignificant, but there is
no deficiency of foreign produce. During the last two days
holders have, perhaps, been ratlier firmer in their demands, but
buyers operate with extreme caution.
During the week ended March 9 the sales of hom'j-grown wheat
in the 150 principal markets of England and Wales amounted
to 35,747 quarters, against 42,370 quarters last year; and it is
estimated that in the whole kingdom they were 143,000
There has been a moderate demand for gold for export, and in
the absence of adequate supplies from abroad, a few parcels have
been purchased at the Bank of England but the supply held by
that establishment still amounts to £'24,428,374, being £3,000,000
less than in 1877.
£03,000,000
facts deserve consideration as
95>.'
94,'i
lis. 4d.
Is. lj<d.
House
1875,
cial
13,06i,051
2d quality
;
productive industry, and this year's prospects, accordinc to finan-
',5.56,187
24,C01.8S5
Coin & bulliDD In both
departments
J^llO.saO
Proportion of reserve
itid. I'pland cotton...
No. 40'» mule twistffair
1874, £04,500,000
;
being completed. The excess of imports would probably be between £70,000,000 and £80,000,000 sterling, as last year was an
exceptionally bad one for German manuiaciures in all branches of
187?.
1877.
1876.
£
45,859.583
8,0.S9,411
C0.S9,411
Gi>VLTnment»ec.irltlee. 13,3I«.r.21
Bank-rate
Consols
Kn:,'lish whcat.av.price
£72,7.50.000
estimate the results of 1877 are not included, the returns not yet
previous years:
coin
1873,
;
1876, £71.500.000; total in five years, £319,000,000 sterling, which,
The reserve
quarters,
£12,754,429, against £14,441,.
is
in
proportion to the liabilities of the establishment
the
1.50
against
Since
170,000 quarters.
harvest, the sales
principal markets have been 1,219,902 quarters, against
while they are computed to have been in the
1,334,098 quarters
whole kingdom 4,879,000 quarters, against 5,388,700 quarters
lathe corresponding period of last season. Without reckoning
;
amounts
Owing
to
37'50 per cent.
In silver, very little has been doing.
the increase to £500.000 in the weekly sales of India
to
Council drafts, ibis week's steamer for the East left without any
Germany, however, is not a seller, and, although
silver on board.
the supplies furnished ex-granary.
It
is
estimated that the fol-
lowing quantities of wheat and flour have been placed upon the
British markets since harvest:
little bupinefs has been done, the market is tolerably steady
54i@54fd. per ounce. It is understood that about £180,000
has been purchased for New York, aad, naturally, that
operation has given a better tone to the market. It is believed
that the Indian Government will continue to sell £500.000 in
Council drafts weekly during the remainder of the financial year
very
at
Annexed are the current
rates
1877-8.
Imports of wheat
Imports of flour
bialesof
Total
.
Kxports of wheat and flour.
of discount at the principal
foreign markets:
rate.
P.C.
Pans
Amsterdam.
3
Berlin
4
Frankfort
Leipzig
mark't.
Bank Open
p. c.
Genoa
Geneva
Trieste...
4
4
NcwYork.
5
3
Copenhagen
2%
Bruesele....
VIennsand
Madrid, Cadiz and Barcelona
Lisbon and Oporto..
St. Petersburg
av
4
..
rate,
p.
1
I
..
..
The following
c p. c.
4X 3«(a4
5
4X
2J^
4Ji®5
,708,307
l.C«2,043
t)7J,72l
131,3:ij
66,461,199
198,018
56,J7e,175
46,S6I,591
53.573,982
66,216,081
.
The
53). 3i.
show
is
£'300
Barley
7,8l-0,76«
Oate
Peas
Beans
Indian
Floor
6,l!09,n6
973,544
2,191,943
15,931,171
4,665,313
45s. 9d.
44s. 2d.
Com
....
187fi-7.
19,1,90,9*4
7,5s7,'«»
6,404, ;06
: 61.879
2,406,035
16,609.696
S,11 1,888
1875-6.
31,913.583
5,4^9,420
5,877,7!»4
9U,0I7
!,()86.19J
11,487,5)2
8,7:5,721
1874-5.
20,013,946
S.9JI,»J«
4,679,694
986.S90
1,!56,86S
7,586,756
4,t08,18J
XZPC)BTS.
iVheat
8«rle>
CWI.
Oats
Peas
for |1,000 bond,
1,025,961
(.03.930
I«,tOO
3i,W7
18.823
70,555
16,938
16,766
£69,145
20,741
16,206
156,990
17,813
4,915
25,624
12,125
f.8,0S',
14,6«7
11.5)6
75,530
Beans
£10 per bond being payable on allotment, and the balance
The prospectus savs
Id.
ixroBTs.
I
price of issue
49.^.
the imports and exports of cereal
cwi. 31,629,905
Rose & Co. have issued the prospectus this week of a 7 per
first consolidated mortgage loan for |1,750,000 of the Syracuse Binghamton & New York Railroad Company, principal nud
interest being guaranteed by the Delaware Lackawanna & Western
15.
46.836.312
1877-8.
4>4^
ton,
on April
4^2,043,000
..57.«0,2!8
Calcutta
cent
Railroad Company.
3.7.'5,ia4
aS,059,300
4^5
Notwithstanding the anxiety which prevails in the public mind
regarding their inveslments in American securities, Messrs. Mor
or par,
•3,in,:lj8
21,014,000
31,913.233
produce into and from the United Kingdom since harvest, viz.
from the 1st of September to the close of last week, compared
with the corresponding periods in the three previous years:
6®7
.
figures
1874-6.
4,6tj5,')li
Aver, price of Enir. wheat for season
mark't.
1875-6.
..21.115,000
Result
Bank Open
namburg
cwt.
t'>.690,'J24
..
home-grown produce..
18T6-7.
cwt.
31,J29,9&5
20.012,946
4.oo8,iai
.
Floor
36,03-J
!59,461
16S,C80
88.913
14,918
1,13a
S3,
an
S9.01«
:
There bonds which were issued to replace 1,400,000 dols. of 20year bonds which matured and were (with the exception of 99, -500
dols., which have not yet been presented for payjient) paid in 1870.
and lo provide for additional equipment, are secured by a firet
mortgage upon the 81 miles of road from Syracuse to Binghamton, New York, its franchises and equipment, subject only to an
existing lien of 270,100 dols., and are also guaranteed— principal
and interest— by the Delaware Lackawanna & Western Railroad
In reference to the public sales of colonial
reps,
i
Messrs. Windeler
& Bowes
wool now
in prog-
report:
The colonial wool auctions opened onthe2Cth ult. with a large
attendance of buyers, and, as we had anticipated, all sound staple
wools were in strong request, fully on a par with last December
This position
rates, while clothing wools were not in equal favor.
gained further strength as the sales ha ve progressed with at times
a fractional advance; during the past week the rates have been
.
H
.
:
,
:
THE CHUONICLE.
ao6
[Vol,.
XXVL
will show the exports ot specie from the port of
the week ending Mar. 23. 1878, and also a comparieon of the total since Jan. 1, 1878, with the corresponding
totals for several previous years
The following
fairly maintained; tbere is, however, little in the state of trade to
warrant the activity here, and as advices from the continental and
New York
centres do not show that those markets have
loUowed the movement here, it is possible that after consumers
have replenished their stocks somewhat of a reaction may set ia.
Tbe (luantiiies catalogued to date amount to 100,322 bales, leav-
home minu'acturiDg
13— Str.
80— Str.
20— Str.
23— Sir.
Mar.
Mar.
Mar.
Mar.
ing about 150,000 bales still to come forward; it is probable that
the series will terminate earlier than the 9tU April, the date first
The selection has comprised a good assortment of new clip
fixed.
Australian, with a larger share of last season's scoured wools than
Bubpequent catalogues will probably bring forward. The proportion ot unwasbed has increased, and although some of the best
flocks are remarkably lijtht in grease, the condition in general
varies considerably, and many clips show the effects ot the drought
in a weaknes and poverty of staple; but the prevalence of burr is
certainly lees than in last season's wools.
Cape wools (U not attract the same attention as the deeper-grown
Fleece washed are scarce
claf ses of wool and are relatively cheap.
and do not show much alteration in price good to superior snow
whites are also fairly supported, but extra parcels and ordinary
lots si;ll fractionally below last December rates.
for
Bermuda
Porto Cabello. ...Foreign
Panhia..
Liverpool
Columbus
Weser
Havana
ijold coin.
silver bara.
$3,000
Foreign gold coir.
Southampton.. ..Amer. silver bars.
9.3,600
Amor,
17,100
55,000
Total for the week
PreviouBly reported
$168,700
2,438,837
Total since Jan. 1,1878
$2,601,527
Same time in—
Same time In—
1877
1876
1875
1374
1373
1372
$1,343,006
1871
11.530,969
16,236.316
7.979,013
1870
1869
1868
1867
1856
14.35-.',316
5,2i2,58:
The imports
$11,131,817
6.582,314
8,79T,0!T
14724,399
t.613,641
5.368,304
of specie at this port during the
same periods have
;
been as follows
Mar. 18— Str. Crescent City
:
.Foreign silver...
Aepinwall
Amer.
/>
8u;<ll«U TlurKet Keporta— Per Cable.
The daily closia;? quotations in the markets ol London and Liverpool for the past week have been reported by cable, as shown in
the following summary:
London Money and Stock Market. The directors of the Bank
Silver bars
"
accoant.. 95>i
D.8.«f (6-S06) 1867.... 10-
vnH
WtH
Ne»4XB
107%
lf6'/4
105
irs
lOJji
103^
10V4
im%
— see special
d
"
(C.
White
(r.ew
W.
clut))...
mix.)
Pea! (Cansdlan)
9
•'
6
9 7
10 10
..
Pork (W't. mess)... .¥ bbl
Bacond'gcl. in.).... ipcwt
"
Lird (American)
Caee§e(Am. anel... "
11
3
S5
36
36
Hon.
51
27
51
27
37
66
3
37
66
cwt.
"
fl za!
spirits)
Tallow(prlmeCity)..» cwt
Solrlt* toroentlne..
Clover8eed(4mer. rod)
.
Mon.
Lina'dc'ke(obl).»ti. 8
Unseed
$ quar.
ycwt
(Cat.)
£.
d.
B
B.
SO
S5
3b
3
••
6
11
11
"
"
"
3
it)
"
£6
Whaleoll
2)
83
3
»tnD..71
" .tS
74
85
26
Linseed 011....V ton 86
S
3
6ti6,909
..,
8.
Frl,
d.
c
I",
81
51
81
51
87
87
Tnai.
d.
d.
10
lOX
25
7
lOJi
7
V
V
31
39
85
40
40
rrt.
d.
-iS
d.
83
71
35
26 5
week
at the Sub- Treasury
—
Receipts.
,
Wed.
Thar.
£ 8. d. £ 8. d.
15
SO
23
ft
71
35
10
6
b
29.
—
Company is to pay at the rate of $50,000 per annum.
The business for the year ol 1877 is reported as follows
Earnings for year
Operating expenses
^i'^v^'Hln
3 X,U0 ,919
$158,881
S».403
ConBirnction
Irapiovementa
Frl.
£
B.
8 15
23
2.3
28 18
-4
35
26 10
Actual net
50
*''2;;?'Si
bJ1,4Js
Fixed charges
6
$168,900
Surplus
are given as the earnings and expenses of January and February ol this year as compared with the same
months of 1877:
Tbe following
n
1877.
Operating expenses
$650,019
564,479
Netearnlnjs
$35,530
firo=a earninga
—
Imports and Exports for thb Wbbk. The imoorts last
week showed an increase in both dry goods and general
The total imports were f0,893,801 against
10,770,024 the preceding week and f 6,(508,083 two weeks previous.
The exports for the week ended Mar. 20 amounted to
16,043,985, against ^8,104,874 last week and '{0,438,220 the previoui week. The exports of cotton for the week ending Mar. 27
were 13,354 bales, against 13,701 bales the week before. The following are^lbe Imports at New York tor week ending (foi drj
goods) Mar. 21 and for the week ending (for general merchandise) Mar. 22:
TOREioN luponra at new tork fob the week.
merchandise.
1875.
1875.
1877.
$1,958,0n
$2,0.7,327
3,533,255
$1.9tii,801
5 691,47)
$1,912,845
4,950,956
1878,
General merchandise...
6,168,930
Total for the week.
Previously reported, ..
$7.1 ',0.'9
8»,001,6;i
1,5,610,582
$7,633,871
71.137,612
63,849,7 i4
$6,893,601
63,303,471
t89,:3t,700
$79.798 214
J76,187,995
$70,802,072
,
Since Jan.
1
The following
from
Mar.
2
a statement of the exports (exclusive of specie)
the port of New York to foreign ports for the week endins
is
26:
BXP0ET8 PROM HEW YORK POE TUE WEEK.
Fortheweek
Previously reported....
BlnceJan.
1
„.,,„.
o "."<o
ai,auo—
d.
(EJommerctal an^ M\\5Ct\lanto\is Neius.
DrygoodB
-^
$1,354,994
8 15
60
74
35
Payments.
28.
Taxes and insurance
8
.
have been
40
—
8.
1.796,025
477,310
561,214
The company's interest, rentals, &c., in fixed charges,
and 1878, ou 649 miles of road, including the Hannibal
& Naples leased line are given at 1891,498 in 1877, against
$1,349,303 for the present year. The debt to the equipment
company is the balance due that company for cars, the original
By agreement this was
contract amounting to $1,000,000.
reductd to §.jOO,COO, the principal of which the Wabash Kailway
5
10
lOK
-•w
39
8.
5
10
5
6
4, .372.065
23..
25..
26..
'7..
Wabash.
66
Wed.
3
$2,777,007
5.818,951
1869
1363
1667
for 1877
8
-.a
1871
1870
$1,709,0-0 $:3,131,462 13 $4,124,023 49 $2,291,255 35 $4,747,126 49
Total
106.334,54170 38,231,600 52
Balance, Mar, 22
..107,174,718 43 31,6:8,463 32
Balance. Mar. 29
BD!i;ar(No.l9D'ch8td)
onBpot,
Bpermoil
Same time in—
$4,705.8.53
1,171.723
3,995.857
1,062.838
1377
1876
1875
1874
1873
1372
Mar.
10 10
(:6
d.
$4,428,537
1878.
The transactions for the
as follows:
Frl.
Thnr.
d.
6
8 15
50
8 15
15
19 6
6
81
51
87
Toes.
£
d.
1,
Same time In—
n.
I,
Wed.
lOK
39
25
40
9
Oil Markets.
Sat.
£
6
39
25
4j
11
11
8.
10
7X
6
11
It
SO
ta
9
9 T
10 10
d.
2S 6
9 7
10 10
Toee.
8.
lOJi
42
London Produce and
6
10!i
39
85
"
d.
27
37
66
5
10
10
"
Fetroleaui(re<liied)
C
».
d.
8.
104>i
I'S
Thcr.
d.
3)
36
81
51
Mon,
d.
5
6
3
Tues.
d.
8.
83
8.
V
—
fs
Sat.
. .
U
6
li
Liverpool Product Market. —
BOBic (common).
" (fine)
p.
2-)
6
Sat.
tc.
d.
6
9 7
10 10
11
It
8. d.
tji
fl,
3S
11
11
Liverpool Provisions Market.
Beef (ijrimc raess)
Wed.
88
qnar. 25
Quarter. 36
105X
lO-w
Tnes.
•23
^
lOW
10.3
243,325
$276,302
4,152.536
,
d
R.
6
(R. W. Bpriug).iyctl 9 7
(Red wlntcrt... . " 10 10
(Av. Cat. white).. " It
¥'''>1
Total since -Tan
Fri.
94 7-15
94 7-16
report of couoi).
—
s.
F,onr (extra Hiate)
Coru
94 15-lfl
94 15-:6
107 ji
l(5Ji
io:%
Liverpool Breadstufis Market.
Hon.
sat.
"
Thnr.
S-IC
95 3-16
lOl'/a
Liverpool Ootton U'lrkit.
Wheat
"
Wed.
1,5
105 !<
I06)i
IMJi
0. B. 10-408
59 of 1681
Tnes.
1,858
Sl.ver bars
Liverpool
Total for the week
Previously reported
Back has decreased £341,000 during the week.
04 15-16 B5 3-16
93 ii-16
95
3,2,54
Foreign gold
mum
Mod.
.•
Mar. 23— Str. Celtic
of England, at their meeting on Thursday, advanced the miniThe bullion in the
rate of discount from 2 to 3 per cent.
Sat.
$375
4,S60
4,325
6,186
1.930
1,100
6.9C0
3,000
.
Foreign gold
Bremen
18— Str. Weser ..
Amer. eilvtr
21— Str. Ciiy of Waehington.Havana
Foreign gold
Havana
22— Sir. Niagira
Port-au-Prince. ..Amer. sliver
23— Str. Andes
Amer. gold
Mar.
Mar.
Mar.
Mar.
—
Coueole tor money.. 95 1-16
silver ...
nnr. gold
1875.
$4,101,679
49,730,842
187.1.
1877.
$4,410,423
51,211,353
$3,9.52,117
56,7C0.',02
J5 918,985
$53,835,081
$53,621,776
$40,652,109
$83,1.36,770
IS': 8
-.5,187,785
1878.
$6ii8,217
535,496
$162,721
Inc. $48,208
23,983
Dec
,
Inc, $77,191
cent of expenses to receipts for tbe first seven months
5 per cent, and for the last five months, C6'2 per cent.
The directors have considered it judicious to continue the permanent improvement of the road by replacing iron with steel
rails, having laid fifty-two and one-balf miles during the year.
They have also been able, out ol tbe earuiuga of the year, to pay,
when due, all iutt-rest and fixed charges tbey have renewed iron
with steel rails, built 11.') new cars, new iron bridges, paid expenses
ot reorganization, and had a surplus. A large portion of the track
The per
was 81
;
is
now
laid with steel.
Out of a total of $17,010,000 in mortgage iionds, $14,728,450
have funded their coupons up to this date, Undtr the foreclosure
sale all the leases, guarantees and contracts of the old company
have been cancelled, and the only lease that has been recewed is
the Hannibal & Naples Railroad, at a rental ot $35,000 per annum,
against the former rental of $03,000.
Missouri Pacific Railway Company will pay, on and
mortgage
1, the coupons due on that date on the first
bonds of the Carondelet Branch Railroad (Missouri) that have
been presented and stamped in conformity with the plan approved
by the Committee of Bondholders.
—The
after April
—Messrs. John J. Cisco & ?on will pay the coupons due April 1,
1878, on tbe consolidated bjiids of the Houston & Texas Central
Railway Company, ou and after that date.
.
March
«
C&a?ftic.
Baiiltccs'
Natloual Bjnks org.inizjd (luring the past week.
DIVlDBNDil.
Tb« rollowle;: dWldonds h«va
rocanilv l>oon
annoancoO
:
When
Per
Books Clooed.
Cent. Patablk.
Naji« or CoJiPAKT.
(Daj-s iDClDsire.)
Hallroad*.
Atlanta
*
CliicaiTO
IM
CliarUulc Alr-Lliie (iiiiar.*
Irlard .t I'iclilc iqiiar.)...
Uock
•I
May
1.
3X
April
in.
AprlU
to April :0
Banks.
aallatln National
Ttae yioaej
V
W
.
. .
.
THE CHRONICLE.
30, 1878.]
«i()c
No
«
..
Mch. an to Apr
7
FRIDAY, M.IKCII 20, 1878-5 P. fll.
Market and Financial Situation. —The grow-
307
State and Hallroad Bonds.— In State bonds there was some
recovery in Ijouisianas from the extreme dnprension noticed last
week, and they have sold readily here at 78 and a fraction, until
t->-day, when the closing price was 77^. while telegraxs from
New Orleans this afternoon quote only 70^ there. The case mads
up to try the validity of the new Issue of bonds is before their
Virginias are tolerably firm and a few bonds are coming
courts.
from London. Private letters from bankers at Xaiiiville, Tenn.,
say that their State bonds are better thought of in New York
pro.'pects
than at home, and they do not speak hopefully of ih
of a settlement favorable to bondholder'.
many
huve
strong
and
ac
ive,
and
bonds
been
of the
Hallroad
popular bonds show higher prices than last week, this remark
applying to a number of bonds seldom or never (|Uoted at the
StocK Board. The Pennsylvania guaranteed bonds are naturally
stronger.
The following were
BolJ
auction by ^^eB8rs. h. H. Muller
ai
&
European war
rumors, and the firinnesa ia exchange have been the prominent
features o( our fiuaneial markets this week.
Tlie adopliou by the I'emisylvunia Kailroad stockholders of
the go-callod Trust sclieme was also a matter of no small importance. It is significant both as rtgards the corporation itself and
BB a precedent likely to be followed by other companies, and is
Son:
emphatically a new departure in railroad financiering in this
country. The proposed measure, if faithfully carried out, will
Closing prices of leading State and Railroad Bonds for three
jreeks past, and the range since January. 1, 1878, have been as
follows:
prices at the Sto^k ExclianK'', flia
in^T stri'n;th In
greatly strengtlien the credit of the company, both at home and
abroad; and, coming at a lime when American credit is not at
the highest point,
it
will h.ive a
good
effect as
a formal declara-
tion on the part of the Pennsylva'jia Railroad of
an intention
up to its burdensome contracts of guaranty.
Our money market remains quite easy at 4 to
to
and 4i
to 5^
per cent for
per cent on choice grades of commercial
paper.
The Bank of England statement
in snecie for the week of £341,000,
on Thursday showed a decrease
and a reserve of 33 5-lOagalnst
3(J the previous week.
The discount rate was advanced to 3 per
cent.
The Bank of France gained 15,800,000 francs in specie.
The last statement of the New York City Clearing-House
banks, issued March 28, showed an increase of $307 ,75 J in the
excess above their 25 per cent legal reserve, the wbole of such
excess being $10,308,575, against |l0,100,825 the previous week.
The following table shows the changes from the previou»
week and a comparison with the two preceding years
:
-1878.
March
1877.
a
March
1876.
Differences.
March 24. March '.'5.
5«ao»anddi». 824J,67li'.9lM ja41..W8.700 DcC.JI,4r>,-.00 S359,t90,20(: S26l.a5tVo
'*'* '^*^ ("lO
on «ar f.nn Inc.
r«A
, ,t
ann
a.^ a,.. ../.«
... -.,.'
*t,.'>45,900
Specie ...
39,687.500
141,600
23,391,200
21, 504,0(0
Cucolation ...
19,1110.700
19.900.300 Dec.
4,400
15.733,100
10,199,700
Net depoeiti!.. 2I,'),iit5.I0O !!11,98S,6C0 Dec. 3,146,600 221,820.000 514.181,6 (J
Legal tenders.
30,'i'.!b.'.!C0
39,605.700 Dec
720,500
44,454,000
43,778,900
lii.
Onlted Slate* Bonds.
—Government
have been
secnrities
quite active, on the same sort of demand heretofore noticed
from moderate investors in all parts of the country. There have
been cons derablo imports of bonds from Europe] which, if not
actually thrown on the market, are in transitu, as the leading
importers of bonds have been considerable purchasers of exc'jange, and this indicates a bond movement in progress.
Id
addition to the amount of government bonds taken personally by
parties who have previously been depositors in savings banks, it
is to be observed that the necessity of keeping marketable
assetn
on hand Is an inducement to the banks themselves to change clT
some of tlieir real estate mortgages for governme its.
Closing prices at the Board have beea'as foIlowB
:
Mar.
Int. period.
»' 1881
w,
reg.. Jan.
coup. .. Ian.
1881
69, 6-209, lS<>5,n. 1.. .reg.. Jan.
6«,-5-J0«,1805,n.l..coup..Jan.
r«g..Jan.
«•, 5-aOs. 1867
»,&-aB«,18«7
!'•
^?S^ .¥•!?
S'?:??J''**^
coup.
•
* July. 106;<
& July. 10t;«
& July. 'lOlK
4 July. IMJi
106X
lOlJi
•104JSf
funded. 1881
reg..Quar.— Feb.
5»,rnndcd, 1881... conp..Quar.— Feb.
reg..Quar.-M»r.
i*«J
106Ji
106J4
]04«
104W
*im^
107
..fan. ,6
reg..Mar.4|epl.
Mar.
Mar.
Mar
28.
29.
107
107
'lOBJi
106Ji 107
104H 104)<
26.
106!^
AJnly.»!07
59,
H*'
Mar.
2.5.
July. 107
107
-reg.. Jan. & July. *108« 'tOSX
coup..Jan. JtJuly. 108« 'lOSJi
SJS
S-
Mar.
3:).
107«
107
104J£
104 »4
IM>4 lOlli
107X io:ii ^\m
107!i 107" 107
'IWH
109
109
*m
'lOg
•1C9X '109 'lOg
IfS'i
105« m<i
105i<
•lOJX
104,><
'lOlJi
104','
10(4
lOlltf
104),'
lOtil
104H
lOIK
102j£
102X
104>i
1C2J<
103«
1027i
1(5
105J4
lav,'
lOtJi
104W
lOSJi
coup.. Ouor. -Mar. 102;j 102V 1P2K 103
lP2Ji 102T<
Qnar.— Jan. lOOJi •ICOV lOOfc I00»i 100J4 lOO^
-•Oiiar.— Jan • 101 )f 101
ioij<
101 H • 101
6., Curren65Mb!..V99rcK,'.JkuT* jVlr'ilSH •iTsM
A\k% lieQ Mis'* 'vA^
• This Is the price bid ; no sou waa made at the
Board.
The range in prices since Jan. 1, 1878. and r.he amount of eacb
class of bonds out«!andinir March
4 H". 1891
4«, registered.
1907
49, coupon, 1907
.1
.
•^
1831
fc. B-90S, 1865,
••i 5-90«,18«7
*», 5-Ms, 1888
Lowest.
coup. IP5X Feb.
new. .coup. 103« Jan.
coup 1(15 Feb.
coup. inOV Jan.
1<M09
coup
S«.
ti, funded, 1381.... coup
<H». 1891....
.coup
<M»07
coup.
6*, Corropcy.
reg.
.
1,
1878^
RIg&eat.
lOrkJan. SS
IW.S Mch. 87
107)4 Mch. SI
2il0eu Jan. i25
t03;i Mch.
113834 .Ian 26
W\i Feb. 2S:106>i Jan. 24
)loi!i .Mch.
1I00;< Mch.
h.
IH
Mc
ll04XJan.
Ull08« Jan.
'.Dl
liOy Jan.
,
— Amount March
Coupon.
1.-
Registered.
(194.126,000
80.849,050
100,819,100
15,775,000
11
k
16
H2.5'3.»80
S34.388.30n
121,012.450
61,511,300
88.610.3:C
66.053. ino
JI0,2»7,950
S1.6S0.30r
52 003
284,052,050
15.
\imi
59. 10-IU9
105»i
I04Ji
Be of 1881
N6W4V4 percent*
Mch.
ii.
.
lOtX
I
I
io7»<
U\!,H
00
105
'
IMJt
10?
I
S06)tf
100
Mch.
Mch.
15.
!2.
States.
•87X
r,H
77}<
15
•883K
16
Highest.
1
Mch. 29 86
•105X \M>i Jan.
•67
•70
•37
2d seriea. ..
District of Columbia, 3-65S 1924
Lowest.
29.
7S5t
•105)4 •106
*15« •15>4
do
39
Feb. 11
Feb. B
S
Feb. 1
60
Jan.
7 106
KKFeb.
Mch. 29
33X Jan.
4
•67
•.'!5
i
»
•T5X
75
75
Mch.
26.
64X
68
64 V
Mch.
68K Feb. 5
15 106Ji Mch. 28
2 119M Mch. 16
141 97X Mch. 27
5 r6J< Mch. 28
Mch. 20
5 108
Railroads.
Central of N. J. 1st consol.
Central Pacific Ist. 69, gold ...
Chic. Burl. JfcQulncy consol. 79
Chic. & Northweet'n, cp., gold
Chic. M. * St. P. cons. s. fd, 79
Chic. R. I.
Pac. 69, 11)17
Erie Ist, 7s, extended
Lake Sh. & Mich.So.lst cons.cp
Michigan Central, consol. 7e.
Morris & Essex, 1st mort
iJ. T. Cen. & Hud. Ist, coup...
Ohh}
Miss., cons. sink, fund
Pltlsb. Ft. Wayne * Chic. Ist
St. Louis & Iron Mt.. 1st mort.
•64Ji
.
106H !06)i 1(3S Jan.
•llOX 'llOX 109 Jan.
1C6X
110
95K
noK
96X
96^
107 X
107X
•WJi
4
Jan.
Jan.
Jan.
Jan. 7 113
Mch 25
•112« •113
:••
Jan. lO'llO.V Mch. -28
W>i
•108
10 j
•icsk lO-iXJan. 61108 Mch. 15
•117« •118 •113
I15)iJan. 51l8HMch.33
•119
•119
118
Jan. 7130
Mch. 19
&
•98k 95Ji Feb. 30 lOOM .Tan. 30
•97ii •98
•118
•118
Feb. 8'1;9
Mch. 12
•11SJ<|118
•105
104H •103>i 103J< Feb. S'lOOJi Jan. 24
Unloa Paclllc lat, 68, gold
107
106K 107 |l03KJan. 7il07X Mch. »
do
sinking fund....
95
Mch. 6| W)i Feb. 18
95«
95>i
96 y
&
97X
91J<
91)i
106
110
109
.
nn
• Thie
19
the price Did
:
no
tale
was made
Board
at the
Railroad and mscallaneoua Storks. — The
stock
market
has shown more strength and animation, and several events
which have recently occurred appear to warrant a tone of
increased confidence.
D spatches from Chicago on the 27th
stated that the railroad managers and ag-nta of the trunk lines
had adjusted the r differences and completed their apportionment
of freight, making grain as a special clas.«, and fixing the rate oa
the basis of 25 ce.ts from Chicago to New York, and retaining
the rate of 30 cents for fourthclnss freight.
The nominal rate
for grain has hitherto been 30 cent--.
The allotment made by
Commissioner Fink is as follows Michigan Central, 32 Lake
Shore, 27; Pitslnirgh Fort Wayne & Chicago (Pennsylvania Railroad), 24
Baltimore & Ohio, 10 and Pif.sburgh Cincinnati & St.
Louis (Pennsylvania) 7 per cent.
In Philadelphia, the adoption of the Trust scheme, b- which
the Pennsylvania Itailroad will invest $1,200,000 per year in the
purchase of its guaranteed stocks and bonds before paying dividends, was a move of great importaoce and had the effect of
imint diately strengthening its guaranteed stocks selling on this
market, particularly Cleveland & Pittsburgh. The passage of a
bill in the MarylanU Legislature f^ r a settlement with ihe Baltimore & Ohio Kailroad was also a measur« of some importance for
that company and lis dependencies. These intluences, and the
warlike aspect of affairs in Europe, were calculated to have a
ceneral bearing upon the values of stocks, snd so far to assist in
giving the market an improved tone. Coal also sold higher at
the late auction sil
Kock Island announces its regular quarterly dividend, payable May 1.
The daily highest and lowest nrices have been as follows:
;
:
;
;
.
Bainrday.
March
Central or N.J
Ctalc. liurl.&q
U. Mil.
4
St. P.
pref
tlo
Chic.
* North.
do
pref.
0. H. I.* I'ac.
Del.*H. Canal
Del. L.
Krle
d West
Man. &8t. Joi
do
pref.
Ill.Cential...
Lake Shore
...
OMoAMItl...
UigbeM.
Mch. ^Range since Jan.l,lS78.->
•80^4
Jll»90Urt 69 'ea or '90
.North Carolina 6?, old
do
85«
&
10<K
Loaisiana consols
PacincMall...
Panama
V
ItOX
>m
Ti\ 73H
41 X <IV
mi nS
lOi
101
M«
51
tan MX
10« lOH
lox wii
•2Jj<
rijj
""
«H
'
64
-AH
8
Wabath.ttock
OnlooPactac. x.u
West. Un. Tel.
7fh
'101
49
}8^P
7iK
1
12t,'
is
103V I06K
8«
sS
..
17
18
'\a
130
49
M\
10t>|
]!« 'iii
««V 70X
78H ;9X
51
5V
lOH
75U
6S,S
109V
»«
«»><
•iai< 9014
•?5
8.
•17
1»
lUI
i\\
.March
SIX
5JW
wi
(
'
43
•
7IH
M
11
!i
:iH
H
101)!
71
V
"5lS
45
a" ug
van
103X
loS
101
44
7I)X
44M
SIX
FrldaT.
M^rcha*.
i:
1-K
51
94
X
ioh
71
108;
it:
M'
'.o;
•-
l^
WV
bS
1«H liu
6«V (9I<
7SX It
'.01)4
<8,V 4>H
•3614
87
•n
....
tars
—H
101
II
S4
94W
isj
71»«
UV MK
"'
7»l.
V»
8X
Id*
"
10(U 106
ISX
MIt
n 17V
<9H <*5
7»
7»H
X
10114
'«tH
SOX
87
17
li
lu
;4SX 49 s
17
waa made
•V
•
I7H 13H
69X
MK
'toiy
•{«
4»X
•87
87V
lOiHIOlM
*'\ «9X
SI
82
DO
'«.
16
•OS ri%
102K
«JS ssji
74H 758
'lui
•MX
pref
II the price bid and asked
iwK
2l.
14
101
m va%
mm
\-.s 1»
lau
130
101
19
TUl
50X 51X
6.^Ji
quicksilver....
*
wm 101 X
March
14
40X *\H
x6aH 70M
43
44W
lOK
69H TOV
Tl..
48)4
M'V
109
lOlX
m,
vni 40K
n'2H
74>,'
m
Tuesday. Wednea'y. Thursday,
18J<
lUl
uiij
75X
*" '
«4)<
»
do
14
101
76
Dntted States. •49V
Wells. FarKO..
S()«
18
Monda'
>r.
March a. March W.
M« HV
7SW ;5x
Wi 6i)4
KjK 13S
'iwj
1<
Adams Exp...
American Ex
-^S.
14
14
100
S95<
S.V.Cen.AH.H \K\
./an. 1, 18'.3.—
61,'i
Merchants' Nat. Bank
4 Nat. City Bank
4 Amcr. Kxch, Nat. Hank
14,306,700
.'an. 2 108", Mch. 11
104H Feb. 25 109V Jan. 2ti
103J4 Mch. I 106Ji Jan. 15
KigX Feb. 251 106^ Jan. 21
105>i
AOH
131
in
Michigan Cent
Morris AKssex
«4,«2.S,512
Mch. /-Range elnce
29.
Lowest.
107X
105X
ir6«
Bk..
SnARE).
Phcnix Nat. Bank
IS
100 Citizens' Ciislight Co., B'klyn 80
20 Ilillman Plro Ins
100
aoijlandarrt Fire Ins.
128
33 Citizens' Fire Ins
173
lOAmliy Flrclns
59)<
75 Mcch.
Traders' Nat. B'k... 96^
30 Nut. Mech. Banking Asso.. .. 5SX
lit
&
.
U. 8. «». 5-509. 1867
U.S.
I
I
01
of Cummerce
Home In9
Resolute FIro Ins
78.lW,650
Closing prices of securities in London nave
Deen as follows:
Mch.
Co
Oasllglit
Bank
Drovers' Nat.
75 Butch.
24 Mechanics' Nat. Bank
1,1878, were as (ollows:
r-Range aince Jan.
Harlem
Penuessee (is, old
Virginia 6e, consol
live
call loans,
9nABES.
40
75
8
at the Board.
'ir.ii
sa"
•....
:»
H
...
.
,
1
Total sales of the
week
Shore. Union.
west.
23..
85.
27
N. Y.
Panl.
Cent.
6,-260
32,64,5
27,780
.
!8,60(]
24,S31
17,7.0
2),1S0
.3«,»0.1
7.100
4,660
1,903
4,006
33,630
23.210
5,861
13,025
23,400
27,507
30,500
4,110
ia,5()J
.
28..
.
lli,f.00
29.
.
16,400
Total
were as {oIIowh
St.
.
.
.
in leadiner Btockn
Lake West'n
North-
"
405
386
6,70.5
13.350
6,750
10.250
4,110
2.110
18,650
500
21,901
10,965
14,300
36,660
61,780
563
710
ibS
Mail.
E.
4,810
35,89-1
100
Pac.
&
& W.
The following
:
Del. L. Morris
1.810
1,100
8,000
9,70i)
109,780 167,966 2r.6:i7 118.4.37
2,729 171,501 25,950 54,220
151,031 494,665 337,874 151.012 894 253 524.000 300,000 200,000
Whole stock
The total nuinhsr of shares of stock outstanding is given in
the last line, for tb.e purpose of comparison.
Total sales this week, and the range in prices since Jan. 1,
1877, were as follows:
Sales
of w'k.
Shares
New Jersey
Central of
6,60
1.210
Chicago Burl. & Quincy
Chicago Mil. <fc St. Paul
do
do
&
Chicago
11,S,4.37
pref..
4'),i»:i
North westera
do
pref.
do
&
Chicago Eock Island
108,7,-
,
171,501
Brie
&
St.
67,100
10,457
20,375
Pacific.
Delaware & Hudson Canal
Delaware Lack. & Western
Hannibal
do
Joseph
do
pref....
riinois Central
Lake Shore
Michigan Central
Morris & E«sex
N. Y. Central & Hudson Elver.
Ohio & Mississippi
16,380
3,410
1,700
2,015
167,966
20,566
25,950
Pacific Mail
Panama
Wabash
stock
1,842|
27,6W
Adams Express
—
19
American Express
United States Express
Wells, Fargo & Co
750
50
113
Quicksilver
10
pref
—
I
mi
mu
im
67-;.
Feb.
Feb.
Jan.
79 JC
Mch.Ui
9
108»i Jan.
9Ji Mch. 28
23% Jan. 16
5 131
Feb. 25
Mch,
112
Jan.
l-'iJiMch, 14 18)iMch.-.!8
64X Jan. 4 73 Mch. 20
75!4 Feb. 13i 805^ Mch. 19
93
Jan. 8il0i'^ Feb
47I4 Jan.
50
Jan. _
46
Jan.
61 Ji Feb. 25
82!^ Jan.
Srv Ian. 2
15 !< Jan.
195,- Feb. 23
195^ Feb.
SIH Jan. 21
iC
92'^
86M
109hi
51
an, 11%
12
SO
130
81S
91
1(6
43K 60«
59 X
90
24
45
36
81
13
19'<
The latest railroad earnines, and the totals from Jan. 1 to latest
dates, are given below.
The statement includes the gross earnings of all railroads from which returns can be obtained.
The
columns under the heading " Jan. 1 to latest date" furnish
the
gross earnings from Jan.
in the second column.
and including, tha period mentioned
1, to,
Latest earnings reported
,
1.S78.
Atch. Tod. & S. Fe . Mon th of Feb.
$185,600
Atlantic & Gt. West. .Month of Jan.
i99,052
Atlantic Mi-s. & O.. .Month of .Jan...
142,537
Bur.C.Eap.& North. 2dweok of Mch.
-26,292
Cairo <6 St. Louis
2d week of Mch.
4,-<75
Central Pacific
Month of Feb... 974,000
Chicago & Alton
8 weeks of Mch.
2ti7.997
Chic. Buri, & Quincy.. Month of Jan... I,r45,467
Chic. Mil. & St. Paul... 3d week of Mch.
137,000
Chicago & Northwest. Month of Feb
l,0b'J,013
Clev. Mt. V. & D.,&c..2d week of Mch.
6,843
Dakota South, rn
Month of Feb...
15.C09
Denv. & Rio Grande.. .2d week of Mch.
l!,372
.
.
.
.
.
Det Lansing &North.Month of Jan...
Dubuque & S. City., ,3d week of Mch.
Gal. II. & S Antonio. .Month of .Ian...
Grand Trunk
W'kend. Mch.l6
Great Western
W'kend.Mch. 15
Hannibal & St. Jo... 1st w.-ck of Feb.
Houst'n & Tex. Cent Month of Feb.
.
Illinois Cent(Ill.line.)
Month
of Feb...
do Iowa Lines .Month of Feb.
do Sprin^f. div.Mouthof Feb. ..
Indlanap. Bl.
W.... 'id week of Mch.
Int
Gt. Northern. 2cl week of Mch.
.
.
&
&
,
Kansas
1/Ouisv.
Pacific
Sdweekof Mch.
Nashville... Month of Jan...
&
Michigan Central... Ist week of Feb.
Minneapo'is & St. L..lst week of Mch
15,871
f3,717
162,436
73,812
26,925
,
.
,
.
St. L.K. C.&North'n.Sd weckof Mch,
St. L.
S. Francisco .3d week of Mch.
8t.L.&S.E'n(StL.div.) Ist week of
&
Mch
Mch
weekof Mch
"
(Ken.div.)..l8tweekof
" (Teun.div.),.lst
8t, Panl & S. City
Month of Feb...
8I0UX City&Si.Paul, .Month of Feb...
Soulhern Minnesota. Month of Feb..
Tol.Peoria
Union
A Warsaw. 3.1
weekof Mch.
Month of Jan..
3d week of Mch.
Pacific
*abash
8'
9,257
1,045,467
1,618,000
2,139,904
69,675
30,66 J
143,504
66,9 13
227,18 i
1,
171,9^7
49,.538
2,115,786
9.34,415
816. 83)
1,084,J20
1,566,783
61.402
ir,'(64
103,496
4o,6!i2
1'
3,489
94.0.53
8.3,717
'55,943
994,402
157,148
1.7;.%437
714.215
119,721
18,1,600
358,868
809,1 1)4
726', -267
1-J4,.371
110,-257
25.',79i
193,513
11.213
tO 684
23,379
23,370
28,410
S9:4
30,750
1 64
264 558
•^93,278
366.4)1
67,605
490.000
126,019
68,.302
663,829
5-23.819
445,768
114,440
490,0(10
445,768
669,897
79,488
674,677
398,147
460,782
333,677
90,601
67-',493
8,611
673,980
&
2,09!I.0(I0
364,413
Phila.
Reading
'donth of Jan...
St. Jos.
Western .Month of Jan
Bt.L. A.&T.H.(brch8;.-'d week of Mch.
St. L. I. Mt.
South. 3d week of Mch.
&
537
374,481
33,' 07
I4-;
1877.'
|C71,214
206.549
109,986
20) 883
279,^66
181,118
188,790
155,771
33,3!9
6,82i
4,597
.
to latest date
,3;i9,052
257,760
870,635
97,619
779,057
6,190
9,467
11,002
iO,9;J3
1
18:8.
$.3f0,5O0
14 2,-.2
3,846
945.171
45,6il-J
Missouri Pacific
Mouth of Feb...
Mo.Kansasite Texas. .Mouth of Feb ..
Mobile & Ohio
Mouih of Feb...
Nashv.Chatt. & StL..Monih of Feb...
New Jersey Midland. .Month of Feb...
Pad. * Elizabetht'n. ..2d week of Mch.
Pad. & Memphis
2d week of Mch.
Phila. & Erie
Month of Feb.
&
1877.
8136,350
261.549
109,986
56,963
94,053
174,785
83,702
26,000
Jan.
,
If0,.5(i7
45,80-2
9,850
78,600
2(i6',.^39
235,309
174.893
14?,49i
42,631
6,254
3,944
198,102
730,805
44,505
401,003
6:,3,980
45,1-02
28,-280
Hl,.563
P4..i'.10
531,242
47-2,.341
406,175
2:i8.9H0
9.',835
3(1,944
4.30,9,52
780,t06
2B,-v80
10S,8-i4
1,004.500
723,338
1,006,156
67f.l88
22,751
14,013
8,110
24, ,=,18
247,1,07
27r,^!33
13,505
103,634
3,7,53
Bl 7.59
2,615
29,409
17,551
31,043
106,479
58.967
28,792
81,808
54,135
27' 847
837,310
82.327
23,n,>3
815,3.54
6IJ.125
41,841
S3 170
6,1184
12'., 775
296.362
837.340
928.770
60,!)h6
37.465
60,006
81.076
67.565
2-20,-200
Saturday,
March
Monday,
-'
23.
i5.
Tuesday,
"
2ii.,
Wednesday, "
Thursday,
Friday,
"
"
Correntweck
Prsvions week
4an. 1 to dale
101% 101% loiJalioi%
Gold
'
$15,64l).00i
Balances.
Gold.
Currency,
J1.51'_l,1.53
$1,084,304
9.347,iXHl
12.091,0(10
1,305.000
1,423,700
Il,636,00(
1,-208,1I86
l,.56l..50O
1,57.1,014
101
101%
11'1>,
16.4-3,000
1,0611,382
1,076,437
101%
101
101«!l01%
101
101
28.
2}.
101
i-,
l(ll'.i
1(11
101%
101%|101
102»i 100»( 102'4ll01%
1,172,923
.
Bxctiunse. —Foreign eschanjie showed a good business up to
Thursday, when the higher rates and the engagement of some
coin for shipment had the effect of checking business. The bond
importers were not inclined to pay over 4.89 for bankers' bills.
Actual business to-day was about ^ point lower than the asking rates of leading drawers, which were 4.88i and 4.90| respec-
New
In domestic bill-i rates on
York to-day were as follows:
Savannah, buyi' g at 1-16 premium, selling at i premium; Cbarleston, easy, par(ai-16 premium, 3-16@l premium; St. Louis, 75
premium; New Orloms, commercial ^ discount, bank par; Chicago, 00 premium, and Boston par.
Quotations for foreign exchange are as follows:
60 days.
Prime bankers' sterling
bills
on London.,
3 days.
4.871i@4.88V4
Documentary commercial
4.8IW@4.85H
Paris (francs)
4,89%@4.90<r
4.89J<@4.69%
4.87H@4.B8>4
4.87 @4.88
5.16>i@5.13%
5.16i(@6.18%
5.14%@6.11%
5.14%@5.11%
8.16!i(a5.133i
5.14?,-@5.11%
Good bankers' and prime commercial
Good commercial
Antwerp
Swiss
4.86%@4,87J4
(francs)
(fra'ics)
Amsterdam
©4
4.85
(guilders)
86
40%(a i"H
Hamburg
(reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
95!i(a
9.5%
95%® 93%
,
9.5%®
9.5%
96%® 95H
40%@
40
96
96
96
96
96X
9i%
96%
96%
&
©
@
@
K
City BauKs._The following statement shows the
condition of the Associated Banks of New York City for the week
ending at the commencement of business on March 23, 1878:
-AVERAGE AMOUNT OFLoans and
Banks
New York
Ma hattan
3,000,000
Co...
2,050,0'.
MerchantsV
3,000,000
2,000,090
1,300,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
Mechanics'
Union
America
Phcenix
City
.
Tradesmen's
Fulion
Ctiemical
300.000
Merchants' Exch. 1,000,000
Gallatin National I,5'i0,0fl0
Butchers'& Drov.
500,000
Mechanics'
Tr.
600,000
Greenwich
2:0.OJ0
Leather Manuftrs.
600,000
Seventh Ward
300,000
State of N.York.
800,000
American Exch'e. 5,000,000
Comnnrce
5,000,000
&
Bruadway
1.0()0,0(»
Mercantile
1,100,000
423,700
1,600,000
450,000
Pacific
Republic
Chatham
People's
412.600
700,000
.
North America
Hanover
.
.
1,000,001)
Irving
500,000
3,000,000
600,000
1,000,000
1,000,000
Metropolitan
Citizens'
Nassau
Market
St.
Nicholas
],0(X),000
1.000,(100
Shoe and Leather.
Corn Exchange.,
1,000,000
Continental
1, -250,000
300,000
Marine
400.000
Importers'&Trad. 1,600,000
Park
2,000,000
Mech. Bkg. Ass'n. 600,000
Grocers'
North River
30;i,a)o
240,000
350,000
100,010
Ea^t River
Manuf'rs' & Mer.
Fourth National.. S,.5CO.0OO
Central National,. 2,000,000
Second National..
Ninth National...
.3(K),000
750,000
500,000
1,000,000
300.000
250,000
300.0
750,009
First National
Third Nutiimal..
N. Y.Nai.Exch..
Bowery National
New York County
German American
Total
Specie. Tenders.
$
S
1,186,680
Net
Legal
Discounts.
Capital
$
S
Circulation.
Deposits.
£
$
8,2:0,000 4,735,500
804,600 10,071,600
6,893,500 1,470,300
643,600
5,176,100
"
7,987,400 5,050,800 1,099,100
7,609.500
6,330,001)
707,600
531,000
4,750,700
4,148,600
846,100
43?,;00
3,5-26,000
7,914,:100 2,093,400 1,037,700
6,9';7,300
2,735,000
650,000
UH,IKO 2,540,000
5,438,600 2,066,500 1,216,000
4,632,600
350,-200
3,103,100
185,300
1,825,800
1,543,000
301,000
4 53, BOO
1,325,(00
10,087.S)00 1,319,700 1,68.5,700 10,4.52,800
430,400
4,'8,100
3,567,100
2,98-1,300
8,.533,:M0
676,100
213.000
2.269,600
1,393,000
95,000
213,000
1,1.57,000
1,401,000
207,000
8,000
833.000
653,600
176.500
766,900
2,3il,S00
637,700
310,3,10
2,262.800
848,100
155,600
78.600
788,300
1,613,500
517.700
354.900
1,71-2,300
11,631,000 2,847,000
829,000
9,398,000
12,9)3.6(10 2,009,700
679,800
6,116,0(10
4.499,800
61-2,600
213,700
2.891,600
3,476,000
371,.300
364, ;w
3,072,10',)
5-2,400
2,088,600
469,800
1.9(3,100
3,ii8,;oo
233,400
336,800
1,723,8(X)
2,984.700
3:4,300
313,400
2,75-2,100
1, -233,100
1-1,"00
7,400
1,062,000
1,3.33,700
71,000
3:2,00 1,281,0(0
5,009 9o0
642,500
.500,700
4,61),.' 00
1,977,500
263,700
313,100
2,060,400
12,472,000 1,571.000 1,0H5,000
9,;81.O0O
l,6r.4,IJ00
68,500
370,100
1,673,100
1,390,000
106,900
257,800
1,737,400
2,777,600
273,400
252,:)00
1,932,800
1,975,000
96,700
124,400
754,500
3,614,500
326,900
4o7,500
2,798,700
3,064,400
267,500
251,000
1,842,800
3,144,400
211,700
327,400
2,(120,400
1,221,300
29,800
195,000
1,078,700
1,903,000
375,C0O
206,000
1.833,500
15,653.9(,0 1,733,100 3,ll:i,900 17,551,600
132?7,800 2,617,400 1^831,300 15i:8S,400
660.400
26,800
86,"iio
464,600
557,900
2,100
117,000
456,000
818,300
16,200
13;,400
685,900
713,700
71,700
70,100
511,900
4.54,100
53,900
66,700
454,000
13,839,700 1,101,500 1,717,100 11,336,700
6,9;27,()00
453,000 1,024,000
6,579,' 00
1,921,009
503,000
1,911,000
3,-209,iiOO
230,600
636,900
2,939,500
71;l,S00
8,346,000 1,107,900
8,620,6(10
6,174,.5O0 1,410,400
599,100
0,548,600
80,5, -200
1.018.600
281,300
63,S(X)
1 '2,000
1,131,100
310,000
780,000
1,1->6,800
307,700
1,170.900
2,451,900
316,466
186,600
2,83-,300
89,000
7,500
116,300
166,500
135,000
1,100
254,000
789,400
624,600
117.400
278,000
148,000
8,700
257,200
36,600
46,000
226,000
2,0o7,000
896,400
I80.O0O
45b',666
401,600
5,400
447,600
68,000
2,250,01)0
•202.400
3,900
311, !0C
497.2C0
445,300
4,700
778,800
278, 066
1,114,700
640,000
307,200
98,900
1,050,366
1,49-2,000
269,000
600,000
450,000
789,800
269,100
825,000
180,000
65,725,300 241,566,700 39,687,500 29,605,700 211,933,600 19,906,3)0
The deviations from returns
of previous week are as follows
Net Deposits
Dec, $.3,140,000
:
luc.
14,021.00(1
27
ioi%;ioi)i
U'lSillOlH
dollars.
Trade dollars
Specie
Legal Tenders
101% 101%jl0I%
101
—
—
— 97^® — 98
98
— 90
® — 93
— 94 (^ — 95
4 75 @ 4 85
— 65 @
—
— 97%® — 70
98
Xe &%s
English silver
Prussian silv. thalers
riec. $1,415,300
1,319,669
1,440,108
1,224,217
•.01>,'
Mexican
a
Loan-"
,
Clearings.
:
Large silver,
Five francs
876,213
Gold
-Quotations.Op'n Low. HighlClos.
lOlX 101,Vi 101%|l01%
&
@
@
!
81.5,354
IMatKet.-GoId has boen firmer, and the shipments
of nearly ifS.OOO.OOO this week (of which $1,,500,000
to-morrow)
necessarily strengthens the premium.
On gold loans to-day the
carrying rates were 3i to 5 per cent.
The range of gold and clearings and balances were as followso
'I'lie
gold for various coins
Dimes & half dimes.
973^(3
in
la $4 89
3 90
4 78
4 10
15 80
(^ 15 70
fexican
[exican Doubloons 15 50
60
Pine silver bars
12014^
121
Fine gold bars
par@iiprem.
Oriental
90,322
75,148
87,8-22
are quotations
Sovereigns
overeigns
$4 84
Napoleons
apoleons
3 86
X X P,eichmark8
P,eichmark8.... 4 72
X Guilders
3 90
Danish
mish Doubloons. 15 60
New Vork
73
56
fVou XXVI.
tively.
Whole
Jan. 1, 1818, to dale.
year 1877.
Lowest.
Highest.
Low. Hiu'h
13% Jan. 2| 18X Jan. 14 6
37X
99X Feb. 28i;055i Feb. 18 94 118Ji
38
Jan. 2 43y, Mch. 29 II
f)8X Jan.
7,J=K Jan.
9 40% 73>i
4iy, Mch. 28 15
S3X Feb.
43 5i
Feb.
71% Mch 27 37% 69>4
98% Jan.
108J4 McU.2S 82i,i 105X
45
Jan.
661^ Mch. 29 26H 74)4
46Ji Mch,
56Ji Mch 29 30^ 77
Mch. 31
15
7Ji Jan.
4y.
10
Feb.
12>[ Jan.
8
7
15?4
21% Feb.
27
Jan. 21 17
33%
72;j Feb.
77
Feb. 4 404 79
e63i Mch, 20 45
59?i Jan.
73 J4
5Si/j Jan.
6.55£ Mch.3<
35 Ji 741i
.
2,729, 103 J£
16,725,
7
54,220, 1(,%
19,5 «
Union Pacific
Western Union Teleojraph
do
:....
THE CHRONICLE.
308
Harch
.
,
Dec.
Boston Uaukn.— The
|
141,600
720,000
Circulation
Dtc,
4,400
|
following are the totals of the Boston
banks for a series of weeks past:
Loans.
1879.
4..
Mar.
Mar.
Mar.
Mar.
Specie. L. Tenders. Deposits. Circulation, Agg. Clear.
S
1-24,410,100
1
124,(84,100
6,024,400
5.433,700
18.
25.
134,0,50,900
5,8,)l),70O
124,537,100
6,'394,4O0
1
$
»
t
8,996,600
4,039,400
4,113,400
4,174,0o0
49,4'll,-200
2,5,227,700
49,035,900
49,212,400
48,572,600
25,174,300
25,372,000
25,211,700
Pbiladelpbla Banfcs— The
40,546,165
42,727,310
43,612,375
44,-231,065
totals of the Philadelphia
banks
are as follows
1878.
Mar. 4..
Mar. 11.
Mar. 18.
War. 25,
Loans,
S
Specie. L. Tenders, Deposits, Circulation. Agg. Clear.
$
9
(
S
t
58,679,840
58,694,000
2,074,9 8
2,172,782
l-2,:il4,362
11,003,7.34
58,42(1,63;)
8,36S,6'25
68,3:6,711
?,311.6'2lJ
1-2,148,650
1-2,262,085
45,S03,lK0
41,997,118
4 1,770, '.'51
44,646,917
33,406,006
33,104,101
S9,733,674
884,916
12,635,766
11,0' 8,0-28
11,009,415
11016 926
F
JJ
Habch
.
.
THE CHRONICLE.
30, 1878.J
GENERAL QUOTATIONS
Qnotntlonn
roi>rusout tlio pur ooiit
Now York
111
309
STOCKS AND BONDS.
OB^
wlmtovor tlio piir may l)o; otlior ciuotatlous are frui|iinntly ina>ls per »liarc.
" M.," for mortKaKo; " g.," for gol4 " K'rt," for (ftinrnntood " end.," for eudor»ed
viiliie.
roUiiwiiiKalibrevlrttloiHary often ii»eil, viz.:
JorconaolUlrtti-d; "I'oiiv.," for convcrtllilo; "s. f.," for HinkinKfiiiiil "1. (?.," for land graut.
QuutatiouH In Now York arc to Tliiirsdiiy from otlior oltlcs, to lato mail dotos.
Tim
;
;
;
"oon».,"
;
;
8abiicrlb«rs MTllI confer
ISSl
ISMl
&
&
rcg..J
coup. .J
rog.
C'aUod Bouds
10718
J 107
J loa^a 107%
1893
J
Tcnucs.see— 6s, old, '7.5-1900.. J
lis. .VJOs, isct, now
rcg. J & J 10408 104%
6s, now bonds, 1875-1900... J
Cw. .'i'JOs, IHO,'., now... conp.. J & J lOmi 10-1»8
6s, new series, 1014. ....... .J
es, ."i-L'i)s. \^r,7
reg..J & J lOTij 107>a Texas- Os, 1802
6», O-'iOs, l-^(i7
conp. .J & 3 107% 107 '4
7s, gold, 1910
G». 5-'.;os, IsG-i
leg. .J A J 109
J
78, gold, 1904
6», .VJO.s, 1S08
coup. .J & J 109
10s, pension, 1894
J
5s, 10-108
rog..M& S 105>4 l(r)»2 Vermont— (is, 1878
J
5», 10-lOa
coup..iIit 81103 >4 1051.J Virginia— 08, old, 1886-'95....J
Bd, fiinilod, 18S1
rcg.. Q-FIiOISb 1041a
Os, new bonds, 1880-1895.. .J
B», funded, 1881
conp.. Q— FI10»»8 104 ifl
J
Os, eonsol., 1905
103
4>«8, 1801
rcg. ~
6s,
do
ex-coup., 1905. -.J
103
ilflS, 1891
coup. §=:
Os, cousol., 2d series
J
100»8
4a, 1807
rcg.
(J8, deferred bouds
40
40
30
J
Mich.—7s, long
78, water, long
Dl»t. Columbia—
Cousol. 3-638, 1924, conp.
72
38%
J
J
37
36
J
3658
103
111
J UII3 113
.1 103>3 104 12
U IOOI4 100%
J 27
J 30
M&8 101
M&S IIOI2
lOlSi
11812
J 118
&
STATE SECURITIES
1*S0
8s,
&
Various
IHHH
& Eufala
8s Monticollo
8s, Ala. & Clint
88 of 1892
28 of 1906. fuudod "A"
58 of lOOti, tiuided, KR. "
6
20
J
43
71
&
J
B"
&
A&O
A &0
A&O
1900. A &. O
J
..J
Ft. 8. Issue, 1900.
Mouiplila,fc UR., 1899..
L. K. P. H.AN.O.,l»00..A&O
Mi.sK. O. <(; R. Riv., 1900. .
K.
<i
Ark. Central RR.,
6s, 1
44
73
44
25
4
4
4
&J
F& A
J & J
J
99
108
106
107
Q—
AiO
1879.
.J
..J
War loan, 1880
.fc
104
m
long
—Is
870-'90
i
.F
&A
7519
7514
75
(Leg.)6R, g.,
1902..»
C'ertifs.of st'k ('28) 58, at pleas.
3
('13)68.
do S
Ches.
O. st'k ("47) 68, at picas.
Georgetown— Gon'l st'k, Ss, '81...
6s, various
Bo.-irdP.W.,ctf8.lnip. 8a,'77-8...
Certitlcates, sewer, 8s, '74-77
do
Fall River, Ma.ss.— 68,
,..J&J
....J&J
92 14 95
96
98
104 106
Waterworks
97
99
Augusta, Mo.—6s, 1887, niun.F&AI 103ifl 105
Augusta, Ua— 7s
Various 92
97
Austin, 'Texas — 10s
100 102
Baltimore— 6s, City Hall, 1884(3- Jfi 105 107
6.S, Pitts. & Con'v. RR.,1886. J&Jt| 107
IO914
6s, cousol., 1890
Q—JI 110% 111
68, Bait. & O. loan, 1890
CJ—JI 110% 111
6s, Park, 1890
Q-M 110 111
6s, bounty, 1893
110 112
do exempt, 1893... M&s! 113 114
6«,
Os, funding, 1891
J&Jt| 113
115
6.S, 1900..:
J&Jt 113 114
6s, West. Md. RR., 1902.... J&JI 113
114
.58, conso'., 1885
Q— J*! 98 105
6s, Valley RR., 1886
A & Ol 107 110
10.",% IO6I4
58, new 1916
M&S
Bangor. Me.— 6s, RR.,1890-'94.Var.ll 103
6s, water, 1903
J&J ti 105
6s, E.& X.A. Railroad, 1894..J&JII 103
6.S. B. & Piscataquis KR..'99.A&0
103
1|
Bath, Me.— 6s, railroad aid
Varl IO2I2
100
5s, 1807, municipal
Belfast, Me.— 6s, railroail aid, '98.. *1 100
Boston, Mass. —6s,cur,long,1903Vart 115
79
103
6s, currency, short, 1880
Var.t 103
Var.f 110
113
58, gold, 1905
sterling, 5s, gold, 1893
107
A&0:| 106
5s, gold, 1899
lOSiai
do
J&J-J 104
do
A&O 106
113
53. gold, 1902
108'..i Brookim, X.Y.— 7s, '77-S0....J & J 101
7.S, 1881-95
110
J & j! 105
105
7», Park. 191.5-24
J & Ji 117
101 19
7s, Walter, 11)03
J & J 117
;
1
Fund, loan
7s, funded, lS80-'95
7s, eonsol., 1885-98
J&J
J&J
Wliavf 78, 1880
Alleghonj' Co., 5s
Atlanta, Ga.— 7s
Do. 8b
. .
reg
68, guar., 1891.... J&J
7s, 1891
J&J
Market stock bda, 7s, 92
J&J
Water stock bds, 78, 1901
J&J
do
1903.......
WashingKm- lO-jear Os, '78. .Var.
Fund, loan (Cong.) Os, g.,'92... <
EUzabeth,N.J.— 7s,lmp.,'76-86.Vart
110
103
J 101
&
J 101
Kansa.s— 78, '76 to "99
...J&Jl 100
Kentucky— 6s
100
Louisiana- Old bonds,fundable.Var. 55
8s. non-fundable
Var. 55
New eonsol. 7», 1914
J <fc J 78%
Maine— lioniity. 6s. 18S0
F&A 102ifl
War debts assumed, 6s,'89.A<.fe Oil lliij
War loan, (is. l-^s:)
MA8 106
Maryland— (Js. defence, 1893..JiV:Jt 107
68, e.vempt. Its'
J^fcJt 1101.2
6s, Hospital, 1882-87
J&Jt 106
68, 1890
Q— 107
5s, 1880-'90.
99
^ _
Y.— 68,
do
Perm. Imp.
Perm. Imp.
Ill
111
East Saginaw, Mich.- 8s
.
4
JA J
Georgia- (5s
7s, new bonds
78, endorsed
7s, gold bontls
88,'7t>, 'SO
Illinois— 6s, coiiiion,
15
4
5
7
g.l02 104
ft 10 113
108
L<>ve« of l-<72
California— «.•<, 1874
Councetlcut—5s
68
Delaware- Os
Florida—Cousol. gold 6s
36
Various
Various
Allcglieny, Pa.
43
Cla.s8"C"
I..
58 14
J
CITY SECCRITIES.
Albany, N.
78
43
43
20
J & J
Arkansas— OS, funded, 1899
7s,
7»,
78,
76,
78,
78.
J
Var.f 110
Var.t 110
&
68
57
J
101%
4«, X907
coup
48, siuull
coup
68, Currency, 189d-'99..rog..J
Alftbainn— OS. fnndiiblo
&
&
&
&
&
&
&
&
A«k.
Bid.
I
Detroit,
2
05
Var.
& J
&
&
&
Citv Secubities.
Dayton. O.— 8s
A&O
6s,Laiid C. 1889
7s of 1888
6s, non-f uiidahle bonds
68, consols,
coup
d«
Ask.
Bid.
— (Continued.) &
68, Land C, '89
J
South (Carolina
UNITED STATES BONDS.
en,
Ok,
State Seccritiss.
Ask.
Bid.
United States Bonds.
atavor by kIvIuk notice of-any error discovered In these Quotatlona.
I0314
106
10314
10314
103
101
102
11513
1031a
112
108
106
108
106
112
119
119
119
109
109
112
107
104
I
95
88
88
110
82
80
A&O 80
1904.. .F& Al 109
Var.
5s. 1S94, gold
F&AI
Fitchbuig. .Mass.— 6s. '91,W.L.. J&Jt
Fredeiiekslmrg, Va.— 7s
M&N
Galveston, Tex.— lOs, '80-'95 ..Var.
Galvest'n Couuty.lOs, 1901.J & J
I01l2'l02l3
110
105
109
101
102
102%
Georgetown, D.C.— See Dist. of Col.
Hanisliurg, Pa. 6s, coupon. Var.. 103
Hartford, (jt.— City 6s, various
104
Capitol, untax, 6s
115
Hartford Town bonds. 6s. untax.
107
Haverhill, Mass.— 6s, '85-89.. A&Ot 107
Houston, Tex.— lOs
6s, funded
20
Indianapolis, Ind.—7-308,'93-99. J&J 105
Jersey City—Os, water, long, 1895.. 101
108 1»
7s,
do
1899-1902
78, sewerage, 1878-'79
J & J 100
7s, asscssment,'78-79.J& J-M& N 100
7s, iuiprovement, 1891-'»4
Var. 107
7s, Bergen, hmt'
J & J 105
Hudson Couuty, 6s
A&O 102
do
7S.M&S and J&l) 107
—
.
107
116%
109
107 14
.
23
107%
102
J&J
109%
101
101
108
106
103
108
Bayonne City, 7s, long
J&J 101 105
I/awrence, Mass.— 6s, 1894. ..A& O 109% IIOI4
Long Island City, N. Y
99
96
Louisville. Ky.— 7s, longdates. Var.t 103% 107
7s, short dates
Var. 102% 105
6s, long
Var. t 97% 98%
100
6s, short
Var. t 99
Lowell, Ma.ss.—6s, 1894
M&Nt 110 llOH
98
Lynchburg, Va.—Os
J & J 97
8s
J & J 105
Lynn, Mass.- Os. 1887
F&AI 106% 107%
Water loan, 1894-96
J&J 109% IIOI4
58,1882
M&Nt 100% 101
I
t
80
102
110
45
43
45
45
64
100
105
106
20
20
36
70
Macon, Ga.— 7s
Manchester, N. 11.— 5s, 1882-'85...
6s, 1894
Memphis, Tenn.— Os, old, C...J
6s, new, A &B
J
6s, gold, fund.. 1900
I
t
&
&
101
109
I
I
35
35
33
35
6s, eud.,M. &C. RR
114
6s, con.sols
J&J 61
108
Milwaukee, Wis.- 5s, 1891....J & D 95
109
do
do
',8, 1896-1901
1888
do
105
Var. 104
A<S:0: loa
0.S, 1877-'86
108
MIcliigan— 6s, 1878-79
Biiflalo, N, Y.— 7s, 1876-'80.
Var. 100
7s, water, 1902
J & J 105
J & J,101i4
6s,lSS3
Mobile, Ala.— 88
J & J
J A J 103
7s, 1880-'95
Var. 103
111
7s, IS'.IO
J & J
M&N 110
78, water, long
Var. 110
5s
113
Minnesota— 7s. RR. repudiated
M&N 30
20
68, Park, 1926.
M& S 101 104
35
68, funded
Mi.s.souri- 6s, 1878
J&J
J & J 101% lOlSs! Cambridge. .Ma.ss.- 5s. 1889..-A&Oti IOII9 1021a Montgomery, Ala. — Ss
Fnniling bonds, 1894-95
80
90
Nashville, Tenn.— 6s, old
68, 1894-96, water loan
J&JI Ulifl 112
J & J 108ia 109 13
90
LoiiK bds, '82 to '90
80
100
J & J 103 105 14 Camden Co., N, J. — 6s. coup
6s, new
* 103
105
A.sylum or University. 1892. J & J 105
Var. 102
Camden City, N. J.— Os, coup
Newark— 6s, long
111
110
Ifannibal & St. Jo., 1886.... J & JL...
Var. 107
114 115
78, reg. and coup
104 »a
78, long
Var. 112 !116
do
do 1887....J&J;
7s, water, long
60
1041a Charleston, 8.C.— 6s, st'k,'76-98..Q-J
N.Hnnip.shirc—6s, 1892-1905.. .T*J 11213 113
New Bedford, Mass.- (is, 1893.... t 111% II214
78, tire loan bonds, 1890
J & J
7!)
War loiui, 6s. 1884
t
7s, non-tax bonds
N. Brunswick. N. J.— 7s
MiS:8 106
107
96
New Jersey— «s. 1897-1902.... J&J-I
t 109% 110
Chelsea. Ma.ss.— 6s, 97,waterl.F&At 1091.2 109% Ncwbnryport, Mass.—6s, 1890
103 103
6s, exempt, 1S77-1896
Town,
Air
Line...
Ct.—
Os,
Chicago,
III.—
6s,
longdates.
N.
Haven,
J&J 96 1(K)
JiJ
103 103
NewY'ork- 6s,Can»l loan, 1878. J&J
.
Town, 6s, war loan
J&Jt 103 10313
7s, sewerage, 1892-'95
103 105
1890-'95
Hall
68, gold, reg., 1887
do
68,
Town
J&JI 102 104
78, water,
J & J|
112 115
68, gold, coup., 1887
J&Jti 100
Citv, 7s. sewerage
7s, river impr., 1890-'95
J & J 1'20
105
103
6s,goM, 1883
IO4I3
City
Hall
J&JI 103
do"
6s,
J & J
7s, 1890-'9o
6s.KoM. \>>n
do 78, Q'nnipick Bridge
Cook Co. 7s, 1880
M&N 100 102
J & j|
36
37
Os, K»l,l, 1>1»2
boiuLs.
—
Premium
Orii'ans,
La.
do
78,1892
105
.A.&0!
107% New
42
Var. 39
6«. golil, 1K1I3
Consolidated Os, 1S92
100
Lake View Water Loan 78
100
J & J 1231a
'75
36
38
N. Carolina—68, old, '68-'98..J & Ji 15
'94..Var.
Railroad
issues,
6s,
&
i>7ii. 100
Lincoln Park 7s
16
6s, old
Wharf impr.. 7-308, 18S0....J &D
South Park 7s, 1876-'79....J & J 97ifl 100
A&O 15 ye
6b, NC. RR
Now Y'ork Oily—
West Park 78. 1890
95 100
J & J 67
6s,
.Q— Fl 100 103
do
Cincinnati,
68, water stock, 1876-80.
67
6s, long
V»r.*t 97
100
Gs,
103
do
6.S,
1 877-79.... Q— Ft 100
coup. otr.
..-.Var.*! 08
do
6.S, short...
48
6s,
do
(5— Fl 100 102
coup. off.
1890
890
7-308
110
do
Var.'t 108
58,
48
106
6s, Funding act of 1866
103
Q—F
883-90.....
188;
Var.'ti 105
do
106
68,
78
J & J
9
103 106
68,
do
*, •81-1911..(J—
'(
1868
Southern RR. 7-:»0s, 1902...J&J(! 99 13 100 Hi
68, aqueduct stock,
.\&0 8I9
.
,
115
118
new
.M&N
68,
bonds
7-30s, new
98 13
do
7s, pijics and mains. 1900.
3
t
108 100
86I3
6".
dp
6s, reservoir bonds. 1907-'11-Q—
do
63, g, 1906. .M&N Vso'
8
103
6s, special t,ix, class 1
5s, Cent. Pari: bonds, '77-98. .« -F 101
Hamilton Co., O., Os
214
100 103
'77-93.. (J—
63,
do
do
class 2
6s,
7s, short
do
t 100
2
118
119
6s.
do
long 7s & 7-30». t 105
class 3
78, dock bonds, 1901
do
110
2
107 103
Ohlo-6R,1881
1905
do
Various. 103
Os,
Cleveland, O.— 68. long
103
J & jiios
103
101%
.^SO'ISSO
6s, floating debt 8tock,1878..Q—
30-year 58
99 100
J & J|108
Pennsylvania— 5s, gold, '77-8.. F&a! 101 104
7s, market stock, 1h<j4-97..M&N 116 1117
Various. 99
101
(Js, short
1103
104
1*89.
M
N
58, enr., reg., 1 S77-'82
&
Os, Improvem't stock.
Various I 109
110
F& A*|
7s. long
Ss, new rog., 1 8;)2-1002 . P& A 1 1 Oij Viiu
1S79-90.M&N 101 114
do
7s,
Various 102
7s, short
IO413
_
Massachn.sctts- 58, 1879, gold.J A J 101
Ss, gold, 1883
J&J!l04i4
.
68, gold, long
Var. t 113
5s, g., sterling, 1891
J&J ;I106
do
do
1894
M&X;|107
I
104%
& JI:117
& J 106
& J 106
M & N 109
J
J
J
7s, Hrirl-c. lillo
6s, Water. 19112-5
6s, Park, 1900-1924
Kings Co. 7s, 1 882-'89
:
M&N
. . .
J
J
M&N
I
11
i
.
. .
I
•-
I
I
M&N
1
A&O
J&J
A&O
O—
. .
I
J&J
A&O
A&O
A&O
A&O
,
.
6s. l(_)-l.->, reg., 1877-'8'J
6«, 1.1-25, reg., 1882-'92
Eb<Mlo Island— 68. 1882
0s,1891
SoutU Carolina—68
68- -...6s, fiuidlngact,
'
1366
.
.
I
M&N
M&N
I
.
F & A 101'4 105
F & Alll2i!i 113
M&8I lOO 107
J
F&VllO
& J 30
J
30
30
A&O
&
J
Price nominal ; no late trunsaoUoiu,
118
Special 7s, l876-'8
1
Columbia. S.C— OS, bonds
Columbus, <ia.—7s, Various
Covington. Ky.— 7.30s
88
Dallas,
Texas— 88, 1904
103,1833-90
I
Yearly
I
102
101
"
Var.
f
t
o'o
too
"76"
102
103 105
82 13 85
95 100
Purchaser also pays ao .'rued iutereat.
M&N
.M&N
{
Os, gold, cons, bonds, 1901
63, street impr. stock. 1 888
'79-.82.M&N
do
do
78,
Os, gold, new couroI., 1896
78. Westchester Co., 1881
.
Newton —6s. 1905
58,1905
I
(n London.
112
110
I02%ll05
104
107
106
1107
1
109
107
J*J 111% 11219
J&J 102% 103
—
..
J
F
.
J
"
THE CHRONICLE.
310
I
.
Vol. XXVI.
GENERAL QUOTATI©NS OF STOCKS AND BONDS— Continued.
For Kxplanatlous See Notes
Var.
8s, coup., lSi)0-93
88, water, 1901
Norwich, Ct.— 5s. 1907
Orange, N.
M&N
A<fcO
t
tl04
1103
7h
,T.
Osweso, N. Y.- 7s
Paterson, N. ,T.— 7s, long.
Petersburg, Va.— Gs
..
. .
.
...T&J
103
103
..J&J
8s, special
tax
.JA-J *
Pa.— 38, rcg
Philadelphia,
^^
6s, old, res
6s, new, rcg
ids'
idi'
113
J&J 112
Pa.— ts, coui1..1913.. JA-.I
J*fc.T
58, reg. au<l coup., 1913
78, water, rog.&cp.,'93-'9S...A&0
Vai
7fl, street inrp., reg. 'S3-S6
Portland, Me. 6s, JIimicipal...Var
Pittsburg.
—
53
1
S3
il02iaU03
1OGI2 107 Hi
,
M&
—
A&O
&D
St. Paul, Minn.— 6s, '8S-'90. ..I
78, 1874-90
Var
8s, 1889-96
Co. .Var
S. Francisco— 78, g.,City
Var.
Savannah, Ga.— 7s, old
Var.
78, new
Somerville, Mass.— 58, 1895.
68, 1885
M&N
&
Bid.
Railroad Bonds.
Ask.
»107
107%
110612 1071^
102
117
103
111
199
g.30
g
till
fl03
35
SO
1103
1100
1106
1106
W2h
105
113
100
33
i'12'
I
C—
IOII2
.
,
78.
M&N
Q—
conv
Consol. M., 7s, 1809
Am. Dock & Imp.
L.&W.Coal, con8.,7s,g'd.l900Q-M
Cent. Ohio— Ist M., Gs, 1890.. AI&S
103
Cent. Pac. (Cal.)— 1st M., Gs, g..J&J
J&J
State Aid. 7s. g.. 1884
S. Joaquin. 1st M..6S, g.1900. A&O
42
42
108
50
Daiib'v & Norwalk— 7s, '80-93. .J&J
66%
I)anv."llaz.& W.— Ist. 7s, '88...\&0
43% 45
D.an. Ur. Bl. & P.— 1st. 7s. g...A&0
39% Davton & Mich.- 1st M., 7s, '81. J&J
38
66
J&J
Co., 78
871a 90
100 104
g.l07
67
2d mortgage,
3d mortgage,
XS^O
7s, lsis3
7s, 18S1
Con.sol. mort., 78, 190C
M&X
Chic. & Alton— 1st M., 7s, '93.. J&J
Sterling mort., 6s, g., 1903. J&J
20
81-2
63
do
93
;97
99
107
107%
A&O
Atch'n & Neb.— 1st .M.. s..<, •9(;. .M&.'i
Ateh.Top.&.S.F.— lst,7s.g.,'99.J&J
Cliic.
81
83
Chic.
35
38
101
10
Chic.
Chic.
45
Cliic.
1931.2
7s,
'83. J&J
J&J
J&J
1896
J&1>
Bonds. 58, 1895
A.&0
5s, 1902
Chic. & Can. So.- 1st. 7s. 1903..\&O
A&O
.A&O
A&O
1883
Cons(d. mort.. 78, 1903
96%
Araer'n Cent.— Ist M., 8s, '78. .J&J 1100
Ark. Cent.— 1st M., 8s, g., '91.. J&J
AtcU'n& Pikes P.— lst,Gs,g.'93M&N
35
7s,
& Q.— Ist, S.F.,88,
Chic. B.
ib'sj
Allegh.Val.— Gen. M.. 73-103.. J&J
E.ast. exten. M.. 7s, 1910...
Income, 78, end., 1894
Income,
"94
Clin.&Dub.— 1st,
&
East.
do
111.,
Ss,
'96.J&D
1st mort. 6s
income M., 78
8.s, '96-J&D
Iowa— Ist M., 8s,1901.J&J
Dub.& Min.— 1st,
&
ra& Neb.— l.stM.,78,'88.J&J
Chic.&L. Huron— 1st 73. '99. -M&N
Chic.& Mich.L.Sh.- 1st, 88,'89..M&S
Var.
grant. 7s. g., 1903
A&O 9314 92% 1st mort.. 8s, lS90-'92
Consol. niort., 78, g., 1903... A&O 1571s 57^ Chic. M1I.& St. P.— P.D., Ist 8S.F&A
Land income, 8s
J&J 1104 105
P. D., 2d M., 7 3-lOs. 1898. -F&A
Atl'ta & Rich'd A. L.— 1st. SS..J&J
40
60
St. P. & Chic, 7.8. g.. 1903. . . .J&J
Atl.& Gt.West.— lst,7s. g. 1902.J&J t23
25
Mil. & St. P.. 'id M.. 7s, 1884.A&0
J&J
2d mort., 78,.g., 1903
M&S 1:9
11
La. C. 1st M., 78,1905
J&J
3d mort.. 7s, g.. 1903
L &M.. IstM., 7s, 1897
5%l
14%
Leased L. rental, 7s, g.. 1903.J&J t3S
40
I'a. & Dak., Ist M.. 7s, 1899. J&J
do
do 7s. g.,1903.J&J tie
19
Hast. & Dak., 1st M.,7s, 1902.J&J
West. ext. ccrtifs, Ss, 1876.. J&J t26
30
Chic. & Mil., Ist M.. 7s, 1903.J&J
do
do
7s, gn.ar. Erie !26
30
Ist mort.. consol., 7s, 1903.. .I&J
Atl. & GiUf—Cons. M., 7s, '97. .J&J
82
79
Chic. &N.W.— S.F.,l.st, 78,'85.F&A
Consol. M., 7s, end. Sav
40
Interest mort, 7s, 1883
Ist mortgage, 7s. end
<S—
J&J
80
Consol. mort., 7.s, 1915
F&A
S. Ga. & Fla., 1st M. 7s. 1889.M&N
94
96
Exten. mort., 7s, 1385
At.Miss.&Oliio.- Cons..g.l901.A&0 t22
F&A
7s,
1883
mort..
27
1st
Com. bondholders certs
+22
27
Consol., gold, 73, cp., 1902.. J&D
Atl.& St. Law.— St'g 2d, 6s .g.A&O ;i06
do
reg
108
do
Bald Eagle Val.— 1st M., 6s,'8l.J&J
Iowa Mid.. 1st M., 83, 1900. .\&0
Balthnore & Ohio— Gs, 1880... .I&J ndi% 103%
Gal. & Cliic. ext., 1st, 7s,'83.F&A
6s, 1883
A&O no6 108
Peninsula, 1st, conv..78,'98.M&S
Sterling, Gs, 1895
M&8 ;i04 106
Chic. & Mil., 1st M., 7s. '98.. J&J
Sterling mort., Gs, g.. 1902. .M&S ;i04
lOG
Madison ext., 78, g., 1911. ..A&O
do
Gs, g., 1910.
107
Menominee ext., 7s, g., 1911. J&D
tl05
Bait. & Pot'e— Ist, Gs, g.. 191 1 .J&J :85
87
La C. 'lr.& P.. 1st M., 103.'78. A&O
1st, tunnel. 6s. g.,g'd, 1911. A&O
86
Northw. Un.,lst, 78, g.. 1915.M&S
:84
Bellev.&S. 111.— l8t.8.F.83,'9G.A&0
90
97
Chic. & Pad.— Ist -M., 7s, 1903. J&J
BelvidercDel.— lBt,68,c.,1902.J&D 101 104% Chic. Pek.& H.W.— 1st, 8,s,1901.F&A
2d mort.., (is, 1885
M&S 99 101 Chic. R. t. & Pac
3d mort., Gs, 1887
F&A 93
F&A
94
8. F.. income, 6s, 1893
Boston & Albany— 7s, 1892-5. F&A 1115 115%
....I&J
Gs, 1917, coup
6s, 1895
J&J 1106% 107
J&J
Gs. 1917. reg
Bost. Clint.& F.— 1st M., Gs,'81. J&J *I85
90
Chic.& 8. W.— i8t,7s, g. g'd,'90. M&N"
IstM., 7s. 1889-90
'90.
.-Vtch.
Br.
..T&D
J&J •185
7s,
90
g.,
1st M.,
N. Bedford RR., 7». 1894.... J&J *t9J 100
Cin. & Indiana— 1st M..78,'92.J&D
Bost. Conc.& Mou. -S.F., 6s,'89.J&,I •1 ..
2d mort., 78, 1883-87
,T&J
Consol. mort., 7s, 1893
A&O 1101
Cin. &Sp.—l8t,7s,,guar., 1901. A&O
Land
M&N
.
M&N
M&N
"
Price Qomiual
;
no
late traQsaetions.
1
ids"
20
23!it
102
99
93
80
M&S
mort., 7s, 1887
106 14 106%
A&O
3d mort., 78, 1888
West.l8tM.,Gs, 1905. J&J
Davt.
&
"89" 8914; I'st mort., 78, 1905
J&J
8H
Delaware— Mort., Gs.g'd, "95. J&J
2'd
101%
35
7I2
|
.
50
Cal. & Oregon, 1st, 6s, g., '88.J&J
93
Cal.& Or. C.P.bonds, G3,'g..'92 J&J {91
106
Land grant M., 6s, g., 1890. A&O ;88, 90
'99.
J&J
104
107
1st,
103%
West. Pacif.,
68, g.,
6593,1884
A&O: 1106%
112
Charl'te Col. & A.— 1st, 78, 90. J&J
Springfield, Mass.—6s, 1905. ..\&0 till
J&J
Consol.. 7s, 1895
A&O 1117 118
78, 1903
95
Cheraw & Darl.— 1st M.,83.'88.A&0 105
Stockton, Cal.— 88
g.90
2d mort., 7s
83
Toledo, O.— 7-30S, ER., 1900.M & N 100
107
24
Clie8a.& Ohio— Ist, 6s, g.. '99. M&N
Var. 104
8s, 1877-89
25
109
1st, Gs, g., 1899, ex coup
Var. 106
88, water, 1893 & '94
J&J
Washington, D.C.—Scc Dist. of Col.
2d mort,. 7fl, g.. 1903
96
Wilmington, N.C.— 68, gold, eon. on
Va. Cent., 1st M., Gs, 1880.. .J&J
85
do
3d M.,Gs, 1834... J&J
75
8s, gold, cou. on
Ulisj
4thM., 8s. 1876 ..J&J
do
90
Worcester. Mass.— Gs, 1893. ..A&O, till
funding, 8s, 1877. J&J
do
85
Yonkers, N. Y.—Water, 1903
J&J 198
Cheshire— 6s, 1896
J&.I 199% 100
Gs, 1880
RAIL,ROAO BONDS.
Chester Val.— 1st M., 7s. 1873.M&N
.
Ask,
I414 14% Cln.Laf.&Ch.— lst,78,g..l901.M&S^
75
Cin. Ham.&D.— 1st M.,'7s,'80.M&n1 10:
13%
103%
i'16%
2d mort.. 7s, 1885
I&J
96
Boston & Lowell-New 7s, '93. A&O 1110
Consol. nnu-t., 7s. 1905
A&Ol' 100% 101
A&O
do Gs, 1879
J&J noo% 101 14
Cin. H. & I,. 1st M., 78, 1903.J&J
30
40
New Gs, 1896
IIII4 Cin. Rich. & Chic— Ist, 7a, '95-.I&J
82
85
Boston & Maiue— 7s. 1893-94. J&J
103%
40
Cin. Rich. & F. W.— 1st, 7s, g...J&D
55
Bost. & N. Y. Air L.— 1st 78
115% Cin. Sand-ky & CI.— 6s, 1900. .F&A 155
Bost. & Providence— 7s, 1S93-J&J
7s, 1887 extended
M&S t
Bruus'k & All>.—lsf.end..68, g.A&O
-40
"go"
Consol. mort., 7s, 1890
J&D t
Buflf. Prad.& P.— Gen. M.7s.'96.J&J
110
BuflT.N.Y.&Erie— 1st, 7s, 1916.J&I) 108% 108 14 Clev. Col. C. & I.— 1st, 7s, '99. .M&N 109
Consol. mort., 7s, 1914
J&D J89
91
Bnff.N.Y.& Phil.— 1st, Gs,g.,'96.J&J
"69 "6914
Belief. & lud. M., 7s, 1899... J&J 100
Bur. C. E.& N.— l8t.5s,new,'06.J&r
Clev.& M. Val.— 1st, 78. g., '93. F&A
Bur. & Mo. R.— L'd -M., 7s, 93. A&O 110% 111
J&J illO 112
8. F. 2d mort., 7b, 187G
M&S
C;)onv. 8s, various series
Bur.&5Io.(Neb.)— 1st M.,8^, 94.J&J HIOI4 110% Clev. & Pitts.—4th M., 68, 1893. J&J 105% 105S8
Cimsol. S. F., 7s, 1900
J&J 1106 107
M&N
lllia
8.S, conv.. 1883
10
14
Clev. Mt. V. & Del.— Ist, 76. g. .J&J V ....
Bnr.&Soutliw.- 1st M., 83,'95.M&N
20
Colorado Cent.—lst, 8s, g., '90. J&D *1100
Cairo & St.L.— 1st >!.. 7s, 1901. A&O
36" Col. Cliic & I.
33%
1st, 7s, 190S.A&O
Cairo & Vine— 1st, 7s. g.,1909.A&0 ;36
93
95
F&A 6
2d mort.. 78, 1890
11
Oalifor. Pac— l.st M., 7s. g.,'89. J&J
'93-'95.
'89.J&J
45
P.-ic.,
77
80
Clitc
&
Gt.
East..
Ist,
78,
2d M.. 6s, g., end C.
561a
J&J
60
80
C0I.& Ind. C, 1st M.. 78, 1904. J&J
83
Exteu., 78^
do
2d M., 7s, 1904. M&N »:y7 •62
Camden & Atl.— 1st. 78, g., '93.. J&J 109 115
A&O 99 14
Un.& Logiinsp.,lst,7s,1905..V&0 *60
63
3d mort., 7s, 1879
T. Logau'sp. & B., 7s, 1884.. F&A
6G
70
Cam.& Bur. Co.— 1st M., 6s,'97.F&A 101 104
Cin. & Clue A. L., 1886-'90
68%
Canada So.— 1st M., 7s, g.,1906.J&J
102'"
reg
Ind. Cent., 3d M., 'lOs, 1882. J&J 100
do
67
67% Col.&Hock.V.—IstM., 7s,'97.A&0 100 103
Deb. certiticatea
F&A 1103% 1041.) IstM., 7s, 1880
JikJ
93
100
Cape Cod— 7s, 1881
34
40
J&Ji 90
3d M.. 7s, 1892
(Carolina Cent.— 1st, 6s,g.,1933.J&J
Col. & Toledo— l8t mort. bonds
85
86
Carthage & Burl.— 1st, Ss, '79.M&N 1100 101
Col. Springr.&
1st, 7s,1901.M&S
40
Catawi.ssa— 1st M., 7s, 1882. .F&A
F&.^ 103
104
Col. & Xenia- 1st M.. 78,1890.M&S
106
New mort., 7s, 1900
65
Conn. &riissump.— M.,7s,'93..4&0 1103
102 J4
Cavnga Lake— 1st, 7s, g., 1901.J&D •40
84% 86
Mas.-<a\vippi, g., 6s. gold, '89 J&J I* t
Cehar F.&Min.— 1st, 7s, 1907. J&J
Cedar R. & Mo.— Ist, 7s, '91- . F&A 110314 102 a, Conii.Riv.—S.F. 1st M.,68,'78..M&S 1100% idi "a
M&N 1103 103% Conn. Val.— 1st M.. 7s, 1901. ...T&Jl 50 53
Ist mort., 7s, 1916
103
23
Conn. West.- Ist M., 78, 1900. J&J
24
Cent, of Ga.— lst.cons..7s,'93.J&J 103
31
33
Connecting (Phila.)— 1st, Gs ..M&S
104
Cent, of Iowa— 1st M., 73, g. .
Cumberl.Val.— l8tM..8s,1904.A&O
Cent, of N.J.— l8t M., 78, 1890.F&.\ 111'4 112
C—
103
101
107
107
U06 107
U06 107
107
1106
1105% 106 lo
107
llOG
.A&O tlOl
J&J 1105
Ala. Cent.— 1st M., Ss,g., 1901. J&J
Ala.&Chatt.— lst,8s,g;,g'd,'99.J&J
78, receiver's certs, (var. Nos.) .
Ala. &'renn. Riv.— 1st, 7s
Alb'y & .Snsq.— 1st M.. 7s, '88. .J&J
Bid.
,
1
Var tl03i2 104
H.— (!s, 1893, RR.. tl04 106
110 1111-2
Poughliccpsie. N. Y.— 7s, water
Railroad aid
Portsmouth, N.
Providence, R.I.— 3s, g., 1900-3. J&.I
J & J
68, gold, 1900
S
6s, 1885
J&J
Bichmond, Va.— Gs
J & J
8s
Rochester, N.Y.— Gs, '76-1902. Var.
J & J
78, water. 1903
Rockland, Me.— Gs, '89-99. RR.F,S:.\
Sacramento, C.al.—Cit y bonds, Gs .
Sacramento Co. bonds, Gs
A&O
Salcin, Mass.— Gs, long
.I&J
5s, 1904, W. L
Var.
8t. Joseph, Mo. 7s
J Jc J
Bridge 10s, 1891
St. Louis, Mo.— Gs cur.,Ig. bds.Var.
V.ar,
66, short
Water Gs, gold, 1887-90... J it D
1892.
do (now),
do
Bridge approa<'li, Gs
Var.
Renewal, gold, Gs
Sewer, 6s, gold, 1891 '93. ...V.ar.
St. L. Co.— Park, 6s, g.,190j.A <k O
Currency, 7s. 1887-88.... Var.
Page of (Quotations.
mi
m5
105
97"
105
107
Var "95'
First
Bost. H.art.& E.— 1st, 7s, 1900. J&J
J&J
Ist mort., 7s, guar
94
90
105 "^ 109
II312 114
Norfolk.Va.— 6s,ies.stk,'78-85.J&J
Head of
Railroad Bonds.
Ask.
Bid.
City SECURtTiES.
at
!
1
105
96%
Del.& Bownd B'k— 1st, 7s,1905F&A
W.— 2d M.,78,'81.M&S
J&D
Convertible 78, 1892
Denver Pac— 1st M.,78, g.,'99.M&N
106
101
Den.& Rio(}.— lst,7s, g.,1900,M&N
DCS M. & Ft. D.— 1st, Gs. 19(11. &.I
50
Del.
Lack.&
46%
1
C—
l8t,S8.19(i3.M.\.X
Detroit & Bay
1st M., 8s, end. M. C, 1902. M&N
Det. KelRiv.& 111.— M., 8s, '91. .J&J
Dot. L. & North.— lst,7s, 1907. A&O
Detr. & Milw.— Ist M., 78, '75.
2d mort., 8s, 1875
Det.& Poutiac, 1st M., 7a, '78.J&J
3d M., 8s, 188G.F&A
do
Dixon Peo.&H.— IstM., 83,'89..I&J
l8t,7s,'83.J&J
Dulm(iue& Sioux
J&J
1st mort. 2d Dlv
25
183
t35
;35
M&N
M&N
,30
1101% 102%
C—
102
105
114%
Dunk. A.V.& P.— l8t,78,g..l900J&D 100
106
10
:10l
Dutchess & Col.— 1st, 7s, 1908. J&J
107=8' 108 14 East Penn.— 1st M.,78, 1SS8...M&S 102
114% E.Tcnn.Va.& (}a.— 1st. 7s.l 90;I.J&J 98
85
1108% 108=8
E. Tenn. & Ga., l.st, Gs.'Sil-sG.J&J
83
110% 110%
E.Tenn.& Va.,ciid.,Ga, 188G.M&N
Var.
too
91
Eastern. Mass.— 78, old
91%
New M..fiuid., 3%s, g.,1906.M&s! f62i4
15
21% Slerlinir debs., 63, g., 190G..M&8
30
31
Kliinni& Wmsiiort— l8t,7s,'80.J&.) 103
A&O 65
3s. pei-petual
51
58
10
15
Erie Railwa.v—
M&N 112%
31
30
Ist mort., 7s, 1897
M&S 103%
62
67% 2d mort., 78, 1879
M&S
1102
103
3d mort., 7s, 1 383
A&O
4th mort., 78, 1880
J&D 105%
V75'
5th mort., 7s, 1883
M&S !99
6
Sterling, Ga, gold, 1875
J&J :93
117% 118%
1st cons., 7a. gold, 1930
J&D
102 103 "8
2d cons., 7s. gold, 1894
Debentures, 7s, g., 1903 ....(J104% 103
103
Eocon. trustees' certs., 78
131
106
Long Dock mort., 7s, 1893.. J&I) 110
9914 Erie & Pittsb.— 1st M., 78, '83. J&J
99
98
J&J
96
Cons, mort., 7s, 1898
80
A&O
97
96
Equipinent, 78, 1890
'89.
J&J
Ga,
106
N.Am.—
1st,
&
Eiirop'n
,
1
"oGii
96's
109
103 14
lOS^^S
109 14
i'07%
96% "99
95
98
Land gr., Ga, g
Bangor & Piae. 6 &
78, '99.
1194
",i93%
FUnt &
H(dlv-, 1st, 108, '83.
Holly W.
T[87%
91
"88
06'
&
107% 108
107% 108
94%
1193%
n
73% 78
The purchaser also pays accrued interest.
t
62%
105
70
104
10614
107
107
101
94
53
111
101
85
78
M&S
A&O
M&N
Si.— 1st, 8s, 1901.J&J
7, '89.
mort.. 73
Cent, L. I., 1st. 78, 1903
Cent, exten., 78, 1903
M&N
M&N
M&S
M&N
Ft. W. Jack. &S.— 1st, 88, '89.. J&J
1st, 78, g.,'89.A&0
Ft. W. Mnii.&
Fraui'gham& Lowell— 1st, 78, 1891
(notes), 8s, 1883
do
101
50
*,30
'•"50"
103
65
85
30
60
47
C—
Gal.Har.&S.A.— lst,G8,g.l910.F&A
Gal.Hous.&lI.— 1st, 7s, g.,1903.J&J
Gem-gia- 78, 1876-90
10(!
104
20
105
100
88
90
BavC.& E.Sag.- 1st, 10s„S3.J&J 100
3(1
110
95
. .
Evausv. & Crawf.— 1st, 78, '87. J&J
Evansv.T.H.&Chi.— 1st, 78, g.M&S
Flint& Pere M.— lst,I.g.88,'88.M&N
M&N
Coiis.S. F., 8.S, 1902
106% 107% Flushing & N. S.— 1st,
107
108
45
45
70
Gilman CI.& Sp.— lst,7s,g.l90OM&b
Gr.Rap. & Iml.— 1st, l.g., g'd, 7s, g.
1 at M..78, l.g., gold,not guar. A&O
Ex laud grant, Ist 7s, '99
Greenv. & Col.— Ist M., 78, "guar."
Bonds, guar
V In Amsterdam.
15
70
30
77% 80
80
J&J 107
Gs
lu Loudon.
160
94
109
97
be"
82%
85ifl
43
55
37
90
42
M
JA
J
.
March
THE (;hronicle.
80, 1878.1
311
GENERAL QUOTATIONS OF STOCKS AND BONDS—Contixued.
For Bxplanattons See Notes at Head of First Pace
II«<'k'«'kAN'.Y. E.— iBt, 7h."1)0.M&N
Huiiiiilial A- Niil>.-l«t.7». 'SH.M&N
A.S
Umi. ,V St. .10.- C'Dliv. 8», 1S85
.
LjukI 1,'miilH..
Qiiincv A- I'lil.. Idt.Sn.
M
AiO
lliil A lN.itcl»-st.-r-l»tM,7»,.AA()
loi
A
Mt.J.AL.— l8t,<).<...IA.I 103
F.— 1 «t M.,7m,'7(!.JAJ I1U8
lIoiHitMiilc— l8t M.,7«, 1HS3.F&A
110
Il;in-.1>. !.
Ilail
aTi'X.C— X»t,7B. )i.,'!)l.JAJ
8.5
X8!>1..J&J
78
A X. W., 1st, 78, K.,1!)03.J&,I
77
08
Wi'-I. Dlv.. lat,
,1
Cons,
iiiort., H«,
7.'(, IT.,
A&O
1!»13
A lir.Toii-lst, 7s, '!)0..A&O
molt., 7», g., lS!)ri
K&
Hunt.
2il
Cons.
llliniiis
!)«, g.,
liMW.. AA(1
8torltni,',KOii. M.,Ik(,b.,
il.i
.'.s,
li)0.-)
Gland Tr.— 1st
Ilid'iiolls nriii.&
18UJ.AA()
JAIJ
M., 8s. 'im.AitO
W.— l8t,7s,g.A&0
2d
limit., ss, l8iM)
JJcJ
Ext.iis'ii 1st M., 78. g., l!tl2..IA.I
Ind'piilis tiii.A L. -l«t, 78, •!)7.F&A
3d iiimt..7s, 1890
J&I)
Ind'ajiolis .t Cin., l8t,7s,'8x..\&0
Ind'p.ills.v St.I,.— lst,78,191U.Vaf.
2il liaill.. 7m. IIIIK)
A&O
Ind'apolisA Viii.— lst,7»,190S.F&A
2d in.irt.. (is, g.. >fimr.. 1!>(K).MAN
Inteinl A: (it. No.— Int. lat, 78. A>V:0
ir<>iist.c'i:(it..\o.,l8t, 78, K. ..JAJ
Conv.
Ionia
Ss.
F&A
1802
A
IjuisiiiK— 1st 8s,'89. ..J&J
I'a Falls A Sioux C.—l8t,78.'99AA:0
Itliaca A Athens.— 1st lu.. 78,jt.Ji'kJ
Jack. L. A Saw.- l8t, 8a. '8.5. ...J&J
Norl li Kxtcn., 88, 1890
MAN
C011-..1.
2d
M&S
mart.. 88, 1891
iiioit..
70
103
93
HO
199
ioi'
Couaol. 7a
A&O
A&O
;icl M. 7k. 1S!».">
(Vntrid— (ia, 1H!»0
Stei linv, S. v..
TU.
MAN
87
80
1878
32
-Mani'tte Ho.
Mar.
108
110
98
110%
*94
03
OS's
bo"
93'
til7
*20
•04
*30
*20
MAN
too
Ex coup
do
1
Cons, mort., 7s.
IMiss.A Tcnn.— 1 st
Cons, mort., 8s,
1
02
091;
M.Oilai
100
8s, 1 870
g., 1012
il..
"A"
.
43
00
02
78
MAN
<!
106
77
B"
h.ARcdR.— lst,78,x'OO.JAJ
•'
":'42'
5Io.Kaiis.AT.— l.st,7.s,,i;.,1004-GFAA
JanuM. A Frankl— Ist,
78,'97..TAJ
2d mort., income
2d iiKii-t., 7s, 1894
..J&I)
l8t, 08, (?.. 1899. (U. P. S. Br.) JAJ
Jefferson— Hawl'v Br. 7s, '87..,IAJ
79
78, assented
Ist niort.,7s. 1889
80
Inccmic, 08
JA.I
Jeff. Mad.A hid.— 1st, 78,1900. A AO 1 1031a 107
Han. A C. Mo., 1st 7s, i,'.,'0O.MAN
2d iiioit..7s, 1910
Mo. F. Scott A G.— 1 St. 10s, '99. JAJ
JA.I
821a 80
1031-2
Itid'ix iisA Mail., l3t.7a."81.MAX 100
2d mort.. 10s, 1890
Joli,.| A- Chii'.- 1st M..8S, •82..JA.1
110 111
Jlob. A Mont.— 1st, end. 8s, e.MAN
Jimctioi. HK.(Plill.)— lst,08,'82JA.J •100
Mob.AOIiio— Ist.ster.Sa.K. '83.MAN,
I
,
2d
inoit.,
(is,
A&O 102
1900
Kalaiiiazoo.Vl.AOr. R.— lat,8a.J&J
Kal.A s.-lKMileraft- l8t,8a, '87.J&J
Kal.A Wli. Fijfcon— lat,7s, 90..JAJ
Kaiis.C.St. Jo.
C.
K.C.Toiioka&W.— Ist M.,78,g.,.JAJ
Kansas Pacitic—
(fold. 1895.. ..FAA
Ist iiiort., «8, g.. 189(!
,TAI>
L. gi:. Ist niort., 7s, g.,1899-JIAN
(is,
Land 1st mort., 78, g., 1880. JA-J
Laud 2d mort, 7s, e., 1880. MAS
.
MAN
Leav. Brancli, "8. i89(>
lueoiiio l)ds,No. 11,7s, 1016.MAS
do
No. 10, 7s, 191(i.MA8
I9G
17712
221s
't06%
99
78
23
50
97
95
73
50
«3
17
32
40
171a
181s
971s
77
521-1
GO
Id^i 18
53
50
Funded intere-st. 8s, 1884...AAO 05
Kenkiil; A St. I'.— l.st. 8.s,'79..AAO HOG'S [Oils
Laf. ni.A- Miss.— Ist. 7s, j;.,'91.FAA
00
Ijif.Miine.ABl.— lst,7s,R.1901FAA
00
Lake Shore A Jlieli. So.—
M.So.A N.I., S.F..l8t,78,'8.5.MAN IIII4: nils
KeokukADosM.- lst,7s,1901..\AO
A Tol., Ist M.,78, '8.^ JAJ
do
2d M., 7s. 188(i.AAO
CI. P. A A.sh., 2d M.. 7s, '80..JA.1
do
3d .M.,7s. 1892.AAO
Buff. A E., new bds, M.,7s,'98. AAO
Bull'. A State L., 78, 1882. ...JAJ
Det. .Moil. A Tol., Ist. 7.s, 190(i.
Ijike Shore. Dlv. honda
AAO
Cleve.
.
llOHIllOi-j
103
IIII4
110
IO2I2
110
110
. . .
Lex'toii.^st.L.— lst,(is,ic..l90()J,t.J
Lltth. Miaiiii— lstM..(is,lss:i..MAN
L. Rock A Ft.8.-lst.l.£,'r..7s'9.-).JAJ
Little Si-liuylklll— lst,73, '77.
Lonif Island- 1st M., 78. 1890.MAS
AAO
Ijouisvllle loan, Gs, '86-'87..AAO
I/Oi). Br. ext., 7a, '80-'8.'5
l>il>. l;r. Uudsv. I'n,
Gs, '93..
Mem. A 0..atl., M.,78. )t..l901
:io2
Ciarksv.. st'K, M., (!», k.FAA toi
A .S.W.— 8s. 1890.. MA.« n
ciid.,78,'79.JAJ
90
;
no
A G. L.— 1st 78,
(old
mort
11
MANt
MAN,
40
43
45
30
Marcbi
(new)
. . .
|
Ists)
30
4
Car. B.,
st
1
mort., 63, g.
late tr.»u8actious,
15
00
'93..
02
72
45
22
60
38
95
i'li"
AAO
.
Peikiomen— 1st
M.. Gs, 1897..AA(;
C. M.. giiar.,P.A.R..6!r..l913.JAD
Petersburj;— 1st M., 83, '70-'98.JAJ
2d mort., 8.3, 1902
.TAJ
Phil. A Erie— l8t M., Os, ISSl.AAO
2d mort., 78, 1888
JAJ
2d mort., guar., 6s, g., 1920.JAJ
Phila. A Reading- 6s, 1880.
JAJ
1st mort., 7s, 1803
85
771-j
13
55
. . .
AAO
47
47
35
10
45
JAJ
Debenture, 1803
Mort., 7s, coup., 1911
JAD
Gold mort., 6.s, 1911
JAD
New convertible, 7s, 1893... JAJ
G.s.f., $ A £, Os, g., 1903.JAJ(ex)
Coal A I., guar. M., 7a, '92.. MAS
112
5
*75
80
103
Ojifl
:84
103
113
40
100
40
112
30
90
105
107
1091a
02I3
03
106
114
101
40
25
82
88
104
96 13
86
104
114
50
100 la
;53
50
55
42
44
•104
108
70
80
00
92
08
tOG
118
114
IO2I3
:102
104
50
13
20
10
51
18
50
30
95
106
16
25
fS7ia 88
HO91SL lioia
i'i4
114
1161a
711s
1888
AAO 05
Rich. Fred. A Potoimic— Gs, 1875...
80
Moit,7s, 1881-00
JAJ 9613
Rlch'dAPctcr.sb'g— 8a.'80-'SO.AAO 104
New mort.. 7s, 1015
MAX 95
5
RkfdR.I, ASt.L.— 1st 7s C.1018FAA
Piedmont
93
35
Br., 8s,
RomeWafn AO.— S.F.,7s,1891 JAD
.
110% 'N.Y.Bo3t.A.M'llt.-lsI.7s.i.-..-siir-AA
2d mort., 7s. 1892
20
JAJ
110% N.Y. A Can.-£M..tis.f.-.. i;)i)l..MAX ':S9" 91
Coiisol. mort., 78, 1904
AAO
'N.Y.Ceii.Air.-M.,7s, cp., 1903. JAJ 119% 1201-2 Kntlaud— 1st M., 8a, 1902... .MAX
Mort., 7s. re?., 1903
Eiiuipmcut, 8s, 1880
JAJ JlOis
MAS
20
Subscription; Gs, 1883
EiMiiiniieiit, 7s, 1880
MAN 105
MAX
Sandnskv .M, AX.— 1st, 7s,1902.JAJ
1003. ..JAj' :ii4i2 1151.1
N. Y. Cpiemiuiii, 08,1883. MAN 1055s 100 ".J
do
Gs, 1887
IAD 10014
do
real est., Gs. 1883. .MAN 105
nils
Itiid. R., 2d M.. 7a.. 1885.... JAD 112
113
113% N. Y. Elevated.— Ist Mortitaxc
"
98
X.Y.AUarlem— 7s,eoui).,1900.MAN i"2i
7s, res.. 1900
12113
MAN
N.Y.AOs.Mid.— 1st M.,:8,g,'91.JAJ
G
(is. g..
'Savaiiii.iluVClias.— l8tM.,78.'89JAJ
Chas.A Sav.. guar., '(is, 1877. MAS
ISeaii'dAlioairke- lstM..7s,'81FAA
|3haiii.Val,A P.— lst,7s,g.,1901JAJ
Shel 10 vg'ii A l•'^lu-L.-] at.7s.'84 J AD
IShoreL.. Conn.— 1st M..7s.'-*0.MAS
!
f
!SiouxC.ASt.P.—lstM. .88.1901 MAX
ISioux C. A Pac. Ist M., Gs. •98.JAJ
1 805
MAX
I
So.AX.Ala.— lst,8s,g.,end.'90..JAJ
34
MAN
Stcrliuc mort.. Os, g
do
(other)
So. Carolina— 1st M.,7s.'S2-'88.JAJ
N Y.Prov.AB'n— <ieii. 7s, 1 399. JAJ
Ist, stcrl. mort., .5s.g.,'82-'88.JAJ
NorfkAPetcrsb.— lstM.,8s,'77.JAJ 100 1021s
Bonds. 7a. 1902, 2d mort. . AAO
1st mort., 7s. 1877
AA-Oj
Bonds. 7s, noil, mort
JAJ 03
2d inert., 8s. 1893
JAJ 83
Southern of L. I.— M., 7a, '79..MASI
North Carolina— M.. 83. 1878. MAN 100 110
MAS
South Side. 1st, 7. 1887
North Missouri— 1st mort
JAJ lom 1041s
do
S. F., 2d, 7s,1000.MAN
Receiver's certifs. (labor)
40 14
t,80
f.J8
155
93
20
20
05
"*V5"
101
80>4
60
58
96
101
5
105
95
;9l
do
93
82
. .
North Peiiii.— 1st M., Os, 1383. JAJ
•2d mort., 78, 1890
MAX
(Jen. luoit., 78.1903
JAJ
Northeastern— 1st M., 8s, '90.. MAS;
104
93
.'o's'
1
30
. .
•3
100
43
90
701s
,
Mont. AEiif.— lat, cnd.Ss,g..'8G MAS
25
Phil.Wil.ABult.— Ga, •84-1900..\AO
MonticclloAPt.J.— ]st,78,K.'00Q— Jj*
Pitt,3.C.ASt.L.— lstM.,7s,1900.FAA
MorrisAi:s.sex— lst,78, 1914. MAN I'l'sis
2d mort.. 7s, 1 1 3
AAO
2d mort, 7a, 1891
FAA 104 10410 Pittsb.ACou'Usv.— latM.7s,'98.JAJ
CoiistriicMon, 7s, 1S89
Sterling cons. M.. Gs,g., gnar.JAJ
FAA
Bonds, 1900
Pitts.Ft.W.AC.-l.stM.,7s,1012.JAJ
JAJ
(Sencral mort.. 7s
2d mort., 7s, 1912
AAO 9714
JAJ
Consul, mort., 7s, 1915
3d mort., 7s, 1912
JAD 83i£ 87
AAO
Na.sh.Chat.ASt.L.- 1 st.78,1913 JAJ
97
OS
Eciuipmeiit, 8s. 1884.
MAS
Nashv.A Dccafr.— 1 st,7s,10oa.JAJ
Pitts. Tituav.A B.— New 7s.'9GFAA
96 Is
Nashua A Low.— Gs, «., 1893. FAA H03IS 104
Port Hur.AL.M.— l8t.7a,g.,'09 MAN
Neb. R'.v.— lat end. B.AM.R. in Neb,
02
Portl'ndAOgb'g-lstGa,g..l900JAJ
Newark A N. Y.— lat, 7s, 1887.JAJ
Vt. div.. 1st M.. 0S.S..1891..MAX
New'kS'8ctA.S.— lst,73,g.,'89.MAN
Portl.ARoeh.- 1st M..7s,1887. AAO
84
N.HavciiADerbv, 1st M.,7s,'98.Var 90
Port Ro.yal— 1st 7s,f.'.,eiid.'80.MAN
04
X. H. A N'th'ton- 1st M.,78,'99. JAJ 104
100
do
do not endor,sed..
Conv. Gs, 1882
AAO 84 87 Pueblo A Ark. V.— 1st. 7.s, g.. 1003.
N. J. Midl'd— 1st M., 73, g.,'93.FAA
25
QuineyAWars'w— lstM.,8s,'90.JAJ
22
2d mort., 7s, 1881
Readiii:r A Columbia 7s
FAA
2
N. J. Southern— 1st JI.,7.«.'80.MAX
15
Ren.AS'toga- l.st 7s.l921 cou.MAX
^N'lmrifhAN.Y.— 1st .M.7s.l s-ii.JA-.I
lat 78, 1021, reg
(0
N. Lon.ANorth.— Isl M.,0s,'8 j.MAS 100
Rich'dADan.- C.M.,(!s,'75-90.MAN
SterliiiKUiort.,
110>3
IO3I3 lOG
05
Income, 7s
MAS
02 Is Panaiiia—Sterl'g M., 7s, g. '97.AAO; 1110
Paris A Danville-lst M., 78 .1003.
ParisA Dee-fr— lstM..78,,g.,'92.JAJ ';'2(')'
90
PafsoiiAXew'k— lstM..7s,'78.JAJ 75
2
PckiiiL.ADec— lstM.,7a,1000.FAA
Pennsylvania— l8t M., Os, '80. .JAJ IOII3
General mort, Os, coup., 1910 Q—,1 100
55
do
83
Os, reg., 1910.AA0 108 i-j
00
102
Coiis. mort., Gs, res?.; 1905.. (3—
02
94
do
68. coup., 1905.. JAD
Navy Yard, 6s. rcg., 1881 .JAJ *00
81
Penn.AN.Y.— lst.7s,'90A100G.JAD 113
100
108
Peoria A Hannibal— lat. 8s, 1878
Peoria Pekiii A J.— 1st, 7s, '04.JA,I »20
80
15
Peoria AE'k I.— lsf,7.s,s.,1900.FA.<
*30
103
Paducah
Pi ice uomluul
Interest 8s, 1883
2d mort., 88, rar
80
70
55
89
102 <4
102
Mo.— l8tM.,0a,g.,'88.FAA 101»8 102
JAJ 911a 92
2dmort.,78, 1891
2d mort.. 78,
08
130
Macon A Auk.— 2d,
'
1883..
40
jN.O.Mob.ATex.— 1 st.M.,Ss.l '.)1.->JAJ
AAO
JAD
ti'l()'
lOOis N.O.Mob.AClintt.— lst,83.1915.JAJ
00
Newlowii A Fl.. 7s, 1003 ...MAN
80
N. Y.A Roekawuv, 7s, 1901. AAO
80
Smithfli APt. Jeff.,7a, lOOl.MAS
Loills'a A Mo.ll.— 1st. 7s, HIOOFAjC
03
00
Lou'v.C.A lA-x.— lst.73,'U7 JAJ(cx) 1104 103
2d mort., 7a. 1007
AAO
Louisville A NashvilleCon. 1st mort.. 7a
AAO 103 "a
2d mort., 7a. «., 1883
MAN 88
M.A
certif., ster., Gs,
M(mtclalr
Osw.ARome-lstM.,7s. 1915.MAN
A Syracuse— 1st, 7s, '80.MAN
A Fox R.-M., 8s, '90.JA.1
Ott. Osw.
Pacific of
81
43
2d mort., 7s, 1.802
JAD
N.O. Jack.AGt.X.— 1 st.M.,8s'80. JAJ 108
2d mort., 88. 1890, ccrtifs ..AAO 100
Cons. 7s, g.. 1912
JAJ 27
2d mort. debt
AAO 00
IO7I2J
L.H.A JI. S., coiis.,cii.. lat. 7s. JAJ
do eons., rt>g.,l8t,7s,1900.Q— llOis
do eons., ci).,2d,7a, 1903.
981m
do (ons.,rcs,'..2d, 78,1903. JAI)
98
L.8lii«.AMis8.— lst.7s.K.,1900..IAJ -15
Lawreiiee— Ist mort., 7a,189.).FA.\
90
Leav. Ijiw. A G.— Ist, 10s, '99. JAJ
20
South. Kaiis., 1st M., 8s, 1892
Lohifli A Lack.- Ist .M.,7s, '97.FAA
liehl'.'li Val.— 1st M., OS, 1898. JAI)
HI
2d iiioit., 78, 1910
MAS II3I4
Gen. M., s. f., O.s. g., 1023.
JAO 97
Delano Ld C". lids, cnd.,7a,'02JAJ
lowisli. A Hpniee Cr.-lat, "S.MAN
L.
I
Ex.
2d mort.. 78
& 8. Fe.— 1st, 10s.90.MAN
Istnioi-t.,
OG
83
90
&C. B.-
lat M.,('. B. A-St. Jos.,7s.'80.,IA,I
K.C.st..)os.AC.B., M. 7s,19()7.JAJ
do inc. bds, r!r.,6a,1907.AAO
Kana.
90
82
04
I
;33
rr'i'o
AAO
'osii
GO
OraiiKcAAlex'a— l8tM.,08,'73.MAN
2d mort., Os, 1873
JAJ
3d mort., 8a, 1873
'.MAN
4th mort., 8s, 1880
MAS
Or. Alex.A M., Ist M., 78. '82.JAJ
IOre,i<oii A Cal. 1st M. 78, 1890. AAO
lOis
50..
!
03
22 >s
108
102
103
081s Osw.
t94
57I8
*»G5
,
1805
.50
108 I4I
MAS
2d mort.
7s,
1. g., 7.3, g. JAJ
Om.ihaAS.W.- lstM.,88,180G.JAD
II2I2 114
KiilamazooA.S.II.,lst,S3,'i)0.,MAN
G7I2 Mich. L. Shore Ist M., 8s, 'S9..IAJ
58
iMll. A Nortli.— 1st, 8r, 1001... JAD
32 iMinu. ASt. Louis, 1st mort
iMisa. Ccn.— Ist M.,7s,'74-84-MAN
98'
2d mort., 8s, 1886
FAA
do
Gs,189.<
OmalmAN.W.— Ist.
87
89
30
94
75
32
»IS'.5'
FAA 1101%
JAD tlOlis
MAS 1110
Old Colony— 08,1807
40
Charl'u— lst.78,'80.MAN
7s, 1883
JAJ
Conaol., 7a, 1 902
1st M. Air Line, 8s, 1890.... JAJ.
do
l8t
88, j,Miar....MAN
Eiiuipnieut bonds, 8a, '83.. ..\AO
Gd. Riv. v., 1st 8s, sriinr.,'80,JAJ
98'
190
tG8'3
A
-Mom. A L. Rock— 1st, Ss, '90. MAN
Mich. Ccn.- -1st M., 8s, 1832. .AAO
88
105
JAU
Atk.
Bid.
OKd'nsl.'KAL.Ch.- E(i.88,1870.JAJ llOl
8. F., 8s. 1890
MAS H02
07 14
OliioAMlsa.— Con.s. 8. F. 78, '98. JAJ
Cims, mort., 7s, '08
JAJ 971a
2il mort., 7s, 1911
AAO 54
Oil Creek-l8t M., 78, 1882. ..AAO
85
321s
14 14
I314
80
2d mort.,
93
73
40
80
30
73
98
-Mem]).
8
01
•55
A O.— lat,Sa,'92.FAA
O., M., 8s, 1802
O., 1st. 83, '01. ..JAJ
M.1.SS. Central— 1st, 7s, 1893
;90
100
01
100
100
05
86
86
.IAD
Monahtcm A
lOOifi
15
2
5
A
i»0
3H3
Railroad Bonds.
Northern. N.J.— l«t M.,7»,'78.JAJ
02
N'th. Pacific- l8t,7-3», i<., lOOO.JAJ
20
Norw'hAWorc'r— latSi;,G8.'97.JA.I 106
90
84
83
Sterling, 1st M., 7s, g., 1891. FAA
2d mort., 78, 1890..
3d mort., 8s, isoo
JAJ
Scioto A Hoek.Viil., Ist, 7S..MAN
Bait. .Short L, Ist, 7s, 1900. .JAJ
Cin. A Bait., lat, 7a, 1900.... JAJ
.Marietta P. A Clev.— Ist, 7», g., '03
.lAJ
(i», l-i-iK
Iloiist.
Wa.
108% MariettiiACln.— Ist M.,7a,'91FAA
IMiiv.A
I
106
7s, 1808... JAJ 1104
Extiiii. bonds, Os, g.. 1900... AAO
189
cons. 7s. 1912
AAO 180
Amlro8eo«.A Ken.,Os, 1801. FAA t99
LiMids A Farin'Kfn, Cm, 1001. JAJ
t93
Porti'd A Ken., 1st. Gs, '83. .AAO )90
do
Cons. M., O.s, '05. AAO too
Jfansf. A Fr'hiim.— 1st, 78,'80..JAJ
83
IHOa.F&A
fain., 1st, lO.t,'!!^.,!^.!
f,
Ask.
Bid.
Maine Cent.— Mort.
15
70
84% 84%
198
K.n~
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
ot Qnotatlona.
109
113
103
104
24lniorl.. 8s. 1890
MAS' 80
Northern (•en.—2.1 M., 09, 1883.JAJ 102 Is
3d mort.. Os.lOOO
AAO 101
Coil, mort., Gs, g.. couj>., lOOO.JAJ
92
Gs. g., reit.. lOlW
AAO 90
Mort. bonds., 3s. 1026
JAJ 40
Con. mort, atK. Os, g., 1004.. .JAJ :8i
Northern Cciit'l Mh^h.- l3t, 78
The purclioser
also pays aocrued iutereat.
110
115
1031a
103
102
South Side, Va.— 1 at, 8s,'84-'00.JA
I
2d mort.,
3d mort..
I
!
Os, 1 884-'00
Gs. 1880-'0O
JAJ
JAJ
So.Ceii.(N.Y.)— l8t78,'90,Ktiar.FAA
So. JIlnnea'ta-l8tM.,88,'78-8S.JAJ
lat inort. 7s
[So.Pac..Cal.-l8tM..(>a,g.,1905.JAJ
I
93I3 !Southwestern(Ga.)— Couv.,78,18SG
Var.
Muscogee R.R., 7a
95
Stcubenv.AInd.— l8tM.,08,'84.Var.
50
St.Jo.AD.CE.D.— lst,8s,g.,'09FAA
83
W. D., Ist mort., 89, 1900. ..FAA
80
30
3.5
98
72
02
35
71
98
100
74
05
100
101
86
93
.50
75
95
'
•
In London.
H In Amaterdam.
2I9
31a
.
MJ
.
THE CHRONICLE.
312
[Vol. XXVI.
GENERAL QUOTATIONS OF STOCKS AND BONDS— CoNrriNUED.
For Explaaatioiis Sec Notes
Eailroad Bonds.
Bid.
8t.T,.Alt.&T.H.— Ist M., 78, 'Ol.Var.
2d mort., pief., 78. 1894 .... F&A
M&N
2d income, 7s, 1894
Equipment, 10s, 1880
Cairo Ark. & T.,l8t,78.g.,'97.J.tn
Cairo & Fill., lst,l.g.,7s.g.,'91.J&J
St.L.K.C.&N.l8t(N.M<).)7e.'93.J&J
2d M. (real estate), 7s,1904. .M&8
8t. L.& S.E.— Con. M.,7s. g.,'94M&N
1st, cons., 7s, g.,
F&A
1902
55
64
45
65
Boston
68
"25"
35
3
*40
2dM.,
class
B
5ifl
2d, 78, guar.,'98
Paul & Pac— l8t sec, 7s.
St.
2d
M&N
J&D
M&N
J&D
M&N
. .
sec. ,78
Cons., 78
Bonds of 1869, 7s
Vincent & B.. 78
J&J
do Receivers' certfs., 10s. J&J
78. 1903
J&J
Sunburj'&Erie— 1st 51., 7s,'77. A&O
St.
Summit Br.— Ist,
.
Susp.B.&Erie,rmic.— 1st M.,7s
Syr.Blng.&N.Y.— lstM.,7s,'77.A&0
Terre H.& Ind.— 1 sr M.. 7s,'79. A&O
& Pac— 1st M., Cs, g....M&S
Consol. mort., 6s, g
J&D
Tol.Can. S.&D't.— 1 st,7R,g.l90GJ&J
T0I.P.& W.— l8tM..K.D..7s.'94.J&D
Ist mort., W. D., 78. 1896. ..F&A
D., 7s, 1886.. ..A&O
2d mort.,
Burl. Div., Ist, 78. 1901
J&D
do
Con.s. M., 78, 1910. .M&N
Tol. Wab. & W.— 1st M., 7s,'90.F&A
2d mort., 78, 1878
Texas
W
Equipment,
50
221a
do class C
South Pacific— 1st M
77
St.L.Vand.&T.H.-lstM.,78,'97.J&J 101
M&N
M&N
1883
70
24
78 \
105
75
Ask.
122
"3
12258 North Pennsylvania
Northern Central
Burlington C. Rapids & Northern..
100
Burlington & Mo., in Neb
50
Camden & Atlantic
50
Pref
do
^4312
...
50
50
50
100
100
100
100
50
50
100
100
100
100
100
Catawissa
Old, pref
do
New, pref
do
Cedar Rapids & Mo
Pref., 7
do
Central of Georgia
Central of New Jersey
Central Ohio
Pref
do
Aug
25
118
84
l8t. St. L. div., 7s, 1889
Gt. West., lU., 1st, 7s, '88..
.
Q-F
F&A
F&A
53
2%
3
831-2
54
90
Concord
Concord
89
98
75
I
i
"
*Prlc» aoEiiual; uu lute trausaotioas.
I
TUa ^ iroUaser
alau pays accrued interest.
}
100
do
120
97
62^
10
Special, 7.100
do
I
Portland Sac6& Portsm., i'sed 6 100
Piu-tsm'th Gt. Falls
Providincc
& Conway. 100
& Worcester
100
100
100
100
100
100
100
ltciissilacl-& Saratoga
Richiiionil & Danville
1
76
117
40
133
Richmond Fred. & P
do
do
do
do
guar. 6
guar. 7
100
100
100
100
St. Louis Alton & Terro Haute. 100
do
Pref. 100
do
100
Belleville & .80. 111., pref
St. Louis Iron M'n & Southern. 100
St. Louis Kansas C. & Norlli. ..100
pref., lO.lQO
do
do
50
Sandusky Manstlcld & N
50
Schuylkill Valley, leasocl, 5
100
Seaboard & Roanoke
guar
100
do
Rutland
do
do
Pref., 7
Scrip
6-'4
.Sharaokin Val. & P., leased, 6... .50 .,„_
Shore Line (Conn.), leased, 8. 100 120
. .
100
South Carolina
85
100
Sontliwcstcni.Ga., guar., 7
Syracuse. Bingh'ton & N. Y....100
Summit Branch, Pa
Terre H.ante & Indianapolis
Toledo Peoria & Warsaw
50
100
100
do
1st pref. 100
do
do
2d pref.. 100
do
100
Trov& Boston
United N. .lerscy RR. & C. Co.. 100
100
Union Pacitic
100
Vermont & Canada, leased
100
Vermont & Mass., leased, 5
Waliash Par. Ccun. receipts
(N. J.), leased, 7
..50
Westchester & Phila., pref
50
West Jersey
West. Maryland
Wilmingfn & Woldon,leas'd, 7.100
100
Worcester & Nashua
90
5
118
Warren
12
3
5
75%
CAlVAIi
.
§•
BONDS.
73
& Del.—1st, Gs, 1886. J&J
Chesapeake & Ohio— 68, 1870 Q.—
Chesap.
100
Delaware Division— 6s, 1878.. J&J
Del. & Hudson— 7s, 1891 ..."...J&J
J&J
78,1884
A&O
Coupon 7s. 1894
9I2
A&O
Registered 7s, 1894
65%
38''e
Ja.s.
23
133
8
65%
47
4
3
75 la
46
20
lifl
"10614
M&N
103
102 14
Convertible 6s, reg., 1882...
do
6s, g., reg., 1894.M&S
6s, gold. coup.
reg., 1897. .J&D
Consol. mort., 78, 1911
&
Louisv. & Portl.— 3d mort., 6s
4th mort.. 6s
J&D
MorrLs— Boat loan, reg., 1885. A&O
New mortgage
Pennsylvania- 68, coup., 1910.J&J
Schuvikill Nav.— 1st, 6s,1897.Q—
J&J
2d'mort.. 6s, 1907
J&J
Mortgage (is. coup., 1895
58=8
58
90
60
52
5216
M&N
M&N
M&N
6s, nnprovcnicnt, cp., 1880.
6s, boat and car. 1913
7s, boat and car, 1915
Susquehann.a 6s, coup., 1918. J&J
—
7s, coup.,
Union— 1st
J&J
1902
mort., 6s, 1883..
CANAIi STOCKS.
9912
135
& Kan.— Ist M., 6S..M&N
— J&D
89
40
Riv.
2d mort., 6s
Lehigh Nav.— 6s. reg., 1884. ..Q— J 102
Q— F lO'J
Railroad 6s, reg., 1897
J&D
Debenture 6s, reg., 1877
44
. .
_
.50
Philadelphia
.
RAILROAD
28%
50
50
Richmond & Petersburg
Rome Watertown & Ogdensb .100
Columbus & Hocking Valley
Columbus & Xcnia, gu.ar., 8
,
100
100
50
& Erie
50
Pref., 8
50
Philadelphia & Reiuling
Pref., 7
50
do
85
Phila, & Trenton, leased, 10... 100
Phila. Gerni'n & Nor.. I'sed, 12.. 50
50
Phila. Wilmington & Bait
Pittsburgh Cincinnati & St. L....50
ido'j Pittsb. & Conncllsville, leased....50 §
"5"' Pittsburg Titusville& Buffalo... 50
Pittsb. Ft. W. & Chic, guar., 7.100
35
02
&
...50
Pennsylvania Railroad
Pennsylvania company
Pref
do
Petersburg
1514
27^8
75
& Syracuse, guar., 9..
Panama
57
Clev. Col. Cin. & Indi,anapolis..lOO
Clcv. &MahoinMirVal.. leased... 50
.'50
Clev. & Pitt.-hurgli. guar., 7
Col. Chic. & Indiana Central.. .100
50
& Bos. ..100
Pacitic of Missouri
36
32
77
72
Chicago & Alton
98
Pref., 7
714
do
117
1193
Chicago Burlington & Qiiincy..lOO 101
2
Illinois.
East
Chicago &
*t80
90
100 11712 118
Chicago Iowa & Nebraska
56'
42"
4318
100
St.
Paul.
6212 Chicago Milwaukee &
7318
73
Pref., 7.100
do
Western
100
lb'6
Chicago & North
44'e 45 iR
73
731s
Pref., 7.100
do
100 103 14 1031-2
Chicago & Rock Island
1^
100
13
41
Cin. Hamilton & D.ajton
911.2
50
523u
Cln. Sandusky & Cleveland
9II2
Pref., 6.50
do
:I30
Oswego
8
141-2
Ask.
. .
SI
34
Providence
Bid.
50
50
100
Northern New Hampshire
100
Northern Pacitic, new pref
Norwich&Worccster,lea.sed,10.100 127%
Ogdensburgh & Lake Champ. 100 36%
do
Pref., 8. .lOOxlOSig
100
8%
Ohio & Mississippi
12
100
Pref
do
98
100
Old Colony
23
30
-50
96
50
74
Portsmouth, guar.,7 100 114
i'ls'
100
Connecticut & Pa.ssump.sio
do
do ex coup.F&.\
100
99
99 h Comiceticut River
do
2d, 7s, '93... M&N
80
50
Cumberland V.alley
83
Q'ncy &T0I., 1st, 7s, 1890.. M&N
80
50
do
Pref
111. &S. la., l8t, 7s. '82
F&A
50
Danbur.v & Norwalk
do
do ex coup. F&A
Dayton & Michigan, guar., 313. .50
United Co'sN. J.—Con s..(is,'94. A&O '104 108
do
Pref., guar., 8.50
88
Sterling mort., 68, 1 894
M&8 ;i08 110 Delaware
50
do
6s, 1901
M&S J108 110 Delaware & Bound Brook
100
Cam. & Amb., 6s, 1883
F&.\ 100
50
102
Dclaw.are Lack. & Western
do
6s, 1889
J&D '100 104 DubU(|iic & Siimx Cit.v
100
do
mort.. 68, '89. .M&N 109
50
I'last
rcnns.vlvania,
leased
UnionPac— l8tM.,68,g.'96-'99.J&J 106% 109»i
106^8 Kust Tennessee Virginia & Ga.lOO
Land Grant, 78, 1889
A&O 106 106i4i Eastern (Mass.)
100
Sink. r.,8s, g., 1894
M&S 95 ig 95 14 Ea.steruiu N. H
100
Oni. Bridge, sterl. 8s, g., •96.A&0 ;108
50
110
Elmira & Willlamsport, 5
Union & Titiisv.— 1st, 78. 1890, J&J
Pref., 7.. 50
do
Utah Cen.— IstM., 6s, g., 1890. J&J 65
100
Erie Railway
Vtlca & Bl'k R.— 1st M., 7s, '78.J&J *95
100
Pref., 7
do
Mort., 73, 1891
J&J 80
50
Erie & Pittsburg, guar., 7
Utioa Ith.& El.— lst,7s,g.,1902.J&J
100
Fi tchburg
Venn't & Can.— New M., 88
20
Railroad
&
Bank'g
Co.
100
30
Georgia
MississQuoi, 7s, 1891
J&J 20
30
Grand River Vallej', guar., 5.. 100
Verm't&Mas.s.— 1st M.,6s, '83. J&J 1103% 104
100
Hannibal &St. Joseph
Conv. 78, 1879
J&J illO 112
Pref., 7.. 100
do
do 78,1883
J&J 1112 113 Harrisburg P. Mt. J.& L., guar., 7. 30
Vermont Cen.— 1st M., 78, '86.M&N 12% 13
Houaatonic
100
2d mort., 78, 1891
J&D
1
do
Pref., 8
100
3
Stanstead S. & C, 7s, 1887. .J&J
30
Houston & Texas Central
100
35
Vick.&Mer.— l8tM.,cnd.,7s,'90.J&J
40
50
Huntingdon & Broad Top
2d mort, end., 78, 1890
J&J 30
do
do
Pref... 50
Tirginia&Tenn.— M., Os, 1884. .J&J
86I2 871-2 niiniiis Central
100
4th mort., 88, 1900
J&J 931-2 95
IndiMiKip's Cin. & Lafavctte
50
Warren (N.J.)— 2d M., 7s, 1900. ..
Jiirv. Mad. & Ind'p's, I'sed. 7..100
Warren&Fr'kln— lstM.,78,'96.F&A '75
.Toilet & Chicago, guar., 7
100
We8tch'r& Phil.- Con8.,78,'91. A&O II3I2 115
Kalamazoo A. & Gr.R., guar., 6.100
West'n Ala.— Ist M., Ss, '88... A&O 102 105
Kansas City St. Jos. & Conn. B.lOO
2d mort., 8s, guar., '90
A&O 102 105 Kansas Pacitlo
100
81a
West. Md.— End., 1st,, 68,90... J&J 108
112
Keokuk & Dcs Moines, pref
100
1st mort., 68, 1890
J&J 98 100
Lake Shore & Jlich. So
65 14
100
End., 2d mort., 6s, 1890
J&J 108 112
Lawrence (Pa.), leased, 10
50
2d mort., prof., Os, 1895
J&J 55
60
Leavenworth Law. & Galv
100
2d, end. Wash. Co., 6s, 1890. J&J 103
105
Lehigh Valley
50 §38%
3d, end., 68, 1900
J&J 108 112
Little Roek& Fort Smith
100
Wcst'nPenn.— l.st M., Gs, '93.. A&O 85
90
Little Miami, leased, 8
50
87
Pitts. Br., Ist M., 6s, '96
J&J •80
85
Little Schuylkill, leased, 7
50 §42
West. Union RR.— l8tM.,78,'96F&A
78
80
Long
Island
50
W. Jersey— Debent. 68, 1883.. M&S '80
85
l,ouisvllle & N.i.shvillc
100 39
Ist mort., 68, 1896
J&J 102 12 104
L.vkens Valley, leased, 10
100
Consol. mort., 78, 1890
A&O
103
Macon & Augusta
W. Wisconsin— l8tM.,7s,g..'87..J&J 100
48
55
Maine Central
...100 *15
Wichlta&S.\V.-lst.78,K.,guar..l902 165
70
Manchester & Lawrence.
...100 130
W11.& Weldou-S. F.. 7I, g., '96. J&J
90
98
Marietta
&
Cln., 1st pref
..50
Wll.Col.&Aug.— l8tM.,78,1900.J&D
25
30
do
2d pref
50
Wmona&St.Pet.- latM.,78,'87.J&J 92
93
Bait. Short Line, guar.. 8...
2d mort., 78, 1907
M&N
82
Cincinnati & Bait., guar., 8
Ex., 1. g., mort., 78, g., 1916.. J&D
90
Memphis & Cluirleston
25
6
Wisconsm Cent.— 1st, 7e, 1901 J&J 1189
33
Micliigan Central
100
055(1
Woro'r & Nashua— 78, '93-'95. Var. 1106 109
Mine
Hill & .8. Haven, leased
50
§46
Nash. & Roch., guar., 6s, '94.A &0 188^4
88% Missouri Kansas & Texas
100
jMobile &Ohio
100
1
STOCKS. Par.
Morris & Essex, guar., 7
.50
73
Albany & Susqueli., Guar., 7 100 75%
78
Nashville,
Chat.
&
St.
Louis
25
Alleglu-ny Valley
.50
'Nashua & I>owell
100 98%
Atchison Topeka & S. Fc
100
1538 151a .N'angii lick
100 130
Atlanta & West Pt
"lOO
Xcwi- istlc & B. Val., leased, 10. .50
Atlantic & Gulf
!"!lOO
.N'csi|iichoiiiiig Valley, leased, 10.50
§45
do
Guar., 7
1.
100
New llavciu\; N'orthainpton
100
14
Atl. & St. Law., leased, 6, £
100
New Jersey Sniithcrn RR
100
1
Augusta & Savannah, leased. 100 tilOS 105
N. London Nortliern. leased, 8. .100
Baltimore & Ohio
84I2 N. Y. Ccntral& Hudson Riv
100
83
100 ibo'
do
Prcf.,6
;!l00
90
90
New York Elevated...
80
<lo
2d, pref
75
87
New York & Harlem
30 147
Washington Branch
100 133
:oo
do
pref. .
140
Parker8bm-g Branch
100
1
N. Y. N. Haven & Hartford ....100 138
78,
Cons, mort., 7s, 1907
Railroad Stocks.
New York
Host. Clint.
Bost. Con.
Central Paciflc
Charlotte Col. &
Cheshire, pref
TI63
TT
& Albany
Bid.
3..
Fitclib.&NewBed.lOC
100
& Montreal
"80
IO4J4
Pref., 6... 100
do
7812
500 77
Boston & Lowell
100 IO6I2
Boston & Maine
ii'o'
100
109
66
Boston & Providence
100
Buff. N. Y. & Erie, leased.,
Evansv. H. &N.,l8t,78, 1897. J&J
St.L. Jaoks'v.&
l8t, 7s, '94.A&0 107
48
St. L. & San F.— 2d M., class A
C—
of First Page of iluotatlons.
100
100
Berkshire, leased, 7
67
M&S
Head
Railboad Stocks.
Ask.
108
86
St.L.&IrouM't— l8t M., 78. '92.)'&A
M&N
2d mort., 78, g., 1897
Cons, mort., 7s, «., 1914
A&O
Ark. Br. 1. gr., M., 7s, g., '97.J&D
at
Chesapeake & Delaware
Delaware & Hudson
Delaware Division, leased, 8
River & Kanawha
r.ehijrh Navigation
Morris, gu.ar., 4
pref., guar. 10
do
Pennsylvania
Schuylkill Navigation
pref
do
do
Jaiiics
85
149 12
150
15812 Susquehanna
In London.
IT
la Amsterdam.
§
.M&N
Par.
50
100
50
100
50
100
100
50
50
50
50
§6
Quotation per share.
,
——
.
.
March
.
THE CHRONICLE.
30, 1878. J
313
GENERAL QUOTATIONS OF STOCKS AND BONDS—Contixubd.
For Bzplanatlona See Notes at Head of First Pace of <|notatlon*.
Bid.
MlfU'KLLANKOL'8.
Ml»CBI.t.A!JEOC».
Ask.
MANCFACT'ING
HII.M"M,AM?OCS
HONDS.
Canton
(Iliilt.)—
£«».!:..
87
87
101
tia.K'.MA-N
00
l«t M.. T.-". 1SSS.J*J
lKt.c«inv..<iH,'!l7.JifeJ
CniiilH-'iiM OutI
I.
Int M.. (iH. •T'.I.JA.I
Jil M..(iK. 1,H7!).F&A
ni. A: St. I.. HililKD—
Idl, Ts. IT.. I'.MKt.AAO
95
70
100
ns
95
100
98
196
;4S
98
SO
20
(It)
Jil.iiiil.
—
2<1M.. ?<.>:.. UU>1. 1 *J
3il, 7«. s., l-i>i(;.M&8
Tini'lRn..Ut.i;.!»»,g.
80
;i5
Bost.
N. Eiic. M.Si'iuilty,78
Cur—
MAN
4tll do
8»,'!»'JF&A
8tl»r.7H.jt..lss->A&0
Dfbonfi',7».'7.S A&O
Bt.Cbarli'8 Bri(l)rc»-108
U. 8.Ms:.6s,g. ii.J&D
69, K; $
97
100
Franklin (Me.).... 100
tl05% 105 ii Great Falls (N. H.)100
jHaniilton(XIa.ss.) 1000
99 !Hartf. Cai-pet (Ct.)lOO
95
92 >s 95
HHK.Me)
KM)
91
93
Uolyoko VV. Power.lOO
Jackson (N. H.)..1000
100 100% Kear.sarge
1(K)
80
90
Uicoiiia(.Me)
400
Lancaster .M.(N.1I)4(>0
Lawrence
Westeni Union Tel.
7g, conp., lilOO.MiN 108
78 r<»K.. liKIO. SUtN
Sterl'g 68, 1900.M<&S ;ioi'
.
103
.msCi.I.ANEOCS
STOCKS.
Nashua
(N. 11.). ...500
2
Clinton Co. (Kalt.).lOO
13%
Cary
Cln.&Cov. B'dKC
EQUltal>lt'
A
"
Salmon
Ji™f-
I'alls(N'.II.);j(K)
Sandw.<;iass(.M;iss.),SO
.Stark Mills(X.n.)1000
TreniontAS.(Ma.''s)10(i
i'sc.
13
70
Tr.l.N'.YUOO 100
8t.r,.
1%
2ht .ialisl>nr\ (.Mass,)..](X)
Inii)i'in"t(Bo8t.)5
Cent. .N'..l.l,'ilInip.lOO
nr.
1'4
102
KrnK-c'.lOO
101
i;i;(i
.
. .
American Coal
793e Big
230
710
(>9
127
1045
1330
179i2 ISO
lOOj
100'
100'
United .State.i
Wells Fargo
GAS STOCKS.
iGi^
13ia
Baltimore Gas
100
Ea.'^t
Boston
25
8out!i Hi.ston
100
Brookliui'. Muss... 100
Canilnid^'o, Mass.. 100
Cliel.sfuO. L
100
4912 Consol.Coal of Md.lOO
49
Cuniberl'd CoalAI.lOO
49 \ 51
Cr'k C'l (Md.)
87
87% George's
I»cust Mt. Coal
50
Marlp'sa L.&M.CallOO
do
i>ref 100
Maryland Coal
100
New Creek Coal
10
100 120
N.Y. & Middle Coal.25j
101
102
Pennsylvania Coal. 50
13% 1338 Pilot Knob I. (St.L)lOol
807 "s 810
Quicksilver Min'g.lOO
34
35
do
pref
118 119
St. Nicholas Coal... 10
H2ts 113 San Juan Sil. Min.lOO
Dorchester, Mass. 100
.
.
138
98
99%
Lawrence, Mii,s8...100 131
Lynn, Mass., Uas 100 89%
Maid. A- .Melrose. 100
80
Newton iV Wat'n ..100 113
Salem. Mass., Gas. 100
97Ja
Brooltlyn, L. 1
2a 155
Citizens'. Bro<iklyn.20
81
Melroipolitan. Ji'klyn.
63
Nassau. Brooklyn ..25
75
People-s. Brooklyn. 10
25
WilfianiKl)'g, B-klyn 50 102
. .
.
.
Cliarlesin,S.C.,Ga«.25
13814 8.
102
100
133
l{ai)li'l
do
-20
'
25
Co,al
AUoiiez
Central
Manliattan, N. Y... 50 200
Metroiiolitan, N.Y'.IOO 129
Mntualof N. Y... 100 60
New York, N.Y.... 100 115
N. Orleans G. h. ..100 100
N. I.llierties, PUilft..25
§15
Washington, Phlln
547
Portlaiul. Me., G.I/. 50
75
St. Ix)nis G. L
.50 140
Laclede. St. Ix>ul8.100
90
Carondelet
50
'93'
Sun Francisco G L..
&
Dana
Dawsou
160
118
40
"
m
'i
31
17
29
85
06
35"
60
1
25
50
25
1'27
126
94
200
65
90
00
165
150
Silver..;... 20
Diuican Silver
20
25
25
50.
1%
61a
20c,
25c.
202 12 'Mesnard
13212 Minnesota
Satiomil
70
Osceola
118
2~>
50c
lOe
~'>
.)0<-.
100 12 Pctherick
4713 Pcwaitic
'25
I.'.
1(1,-.
'2.5
10 >2
I
Phenijc
I
1.50
1
!
Qnlncy
Ridge
Rockland
Star
"94" Superior
i
Price nomlntl; no late trausaotious.
25
50
25
25
25
25
25
true paroh;iser also
5
lOP
95
170
170
60
40
.
225
Home National ...100
Merchants' Nat.- .1001 210
Nat. B'k of Illinols.lOO' 108
Northwestern Nat. lOOl
lUnbm National
100
.Un.StockY'dsNat.lOO 150
1-10
8%
7I2
1
i
140
99
03
110
80
CIncInuati.
I
123
143
126
98
Merchants' National.. 108
Nat. Hank Ciunmerce.
90
8<'coud National
117
Third National
148
First National
llVj 'Fourth National
iGcrman Banking Co..
148
130
101
110
95
1'20
152
Cleveland.
I
Citizens' S,
8
[First
. .
!
. . .
i
A
102
100 107
84
Market
100
93
Massachusetts
250 108
.Maverick
100 145
.Mechanics' (So. B.)100 130
I>eathor...lOO
Howard
lie
96
196"
95
230
110
120
160
125
1-25
92
125
I
Hide
17
129
127
95
50
118
105
10
AL 100 105
Commercial Nat ..100 115
Nat
lOOi 150
Marine
32
30 30
IOI4 Merchants' Nat... 100 120
Mechanics'
lOifi
10
iNation.al City
120
lOO'
Merchants'
100 105 107
00
OidoNat
100,
152
National E.'cch'ge. 100 102 12 104
120
Second
Nat
100
People's
20
25
25
Second National ..100 130 140
Hartford.
Third National.... 100
90
95
Union
75
58
59 l-*;tnaNat
100 115
5
IWestern
29
50 62
20
301a American Nat
15
Charter Oak Nat 100 125
25
86
100
Boston.
iCity Nat
37
iConnecticut River.. 50
'Atlantic
100 126 128
Far. A Mech. Nat. 100 108
Atlas
100 107 108 IFirat Niit
72
100 90
95 12 Hartford Nat
Blackatono
100 95
100 1.52
|Bluo Hill
100
Mercantile Nat.... 100 113
Boston Nat
100 1021a 103
National Exchange. 50
63
Boylston
100 109 110
Phoenix Nat
100 140
Broatlway
100 75
80
114
100
State
Bunker Hill
100 167 168
Central
87
88
100
liOnlsTlIle.
City
100 1041a 106
117
3
Columbian
Bank of Kentucky
100 128' 130
65
180
Commerce
87
100
871s Bank of Ijouisville
32
Citizens' National
83
CoraraonwealtU
95
100 94
II3 Continental
100
City Nat
100 84
85
Commercial of Ky
10c. Eagle
100 104 106
"83'
70. Eleventh W^ard
Falls City Tobacco
100
2
Eliot
Farmers' of Ky
88
100 1041a 106
90
Exchange
7
Farmers' & Drovers'..
100 142 143
100
30c. Everett
First Nat
100 102 103
35c.! Paneuil Hall
100 12812 130
German Ins. Cc'e
First National
Oennan
100 172 173
(ioc. First Ward
German National
100
83
1(10.-.
Fourth National.. 100
IKentncky Nat
81
mil'. Freeninns'
Louisville Ins. & B. Co
100 07
08
Globe
100 94
05 IMasonic
Hamilton
100 1081a 109 'Merchants' National..
I
lis
86
07
101i« 102
I
10
15
200
108 1«
1021a 103i«
110 IIOI4
II4I3 115
Commercial Nat. .100
Corn Exch. Nat.. .100 130
Fifth N.Ttioual
100 140
First National
100 175
Hide and Leather
98
STOCKS.
Howard
10
108 14
123
140
Chlcaso.
5
27
33
25
I4I2
Citizens'
14
10
iCom. & Fanners'.. 100 102
106
Farmers' B'k of Md.30
25
30
Farmers' & Merch..40
36
33
33I2 34
Famiers'APlanter8'23
First Nat.of Bait. .100 xl20
128
7I2
1*2 12
Franklin
6
German American
103 106
25
...
Loan ATr. Co.lOo
Union Bank of 8. C5o
Chesai>eako
34
*20
.
871a International Silver20
92 >3 Ma<lison
25
95
.100
Baltimore.
Bank of Baltimore 100 120
Bank of Conmierce.25
8
30
02
140
127
127
125
126
108
124
139
100
108
S. C.
65
Seaton consol
2-05
.Segregated Belch'rlOO
BANK
107««
61
135
People's of S.C.(new)'2o
Southovn StarGASlOO
Union Consol
Yellow Jacket
100
Hecla. .25 17913
Copper Falls
no's Franklin
Humboldt
49
76
8%
34% 35%
1
84
107
Charleston.
:Sien-ii .N'cvadaSilv.lOO
8
Ogia Silver City
100
1210 ISilverHiU
100
STOCKS.
80
40
111
49
87>9
Ely.
104
128
112
1
155
172
80
Raymond &
HI
B'k of Chas.(NB.\) 100
First Nat. Chas.. .100
People's National. 100
St. Joseph Lead
10
iSavageGoldA Silv.lOO
15
BOSTON niNING
721b
45
155
Y
Nassau
Brooklyn Trust
8I4
[Plum.is
20
. .
165
85
•25
,
131
Westmoreland Coal. .50 *68
Wilkeab. Coal A I 100
CaUimet
Mol)ile tias & Coke
Central of N. y... 50
Harlem. N.
.50
14
1
Manufacturers'.
Mechanics'
17'.2
I'-J
2."ie.
.Manufacturers'.. .100
paj's accrue lint,
;lu London.
4
103
108
86
04
109
Northern of
Ky
iPeople's
Second Nut
Security
jThird National
I45I4 Westeni
West'n Fiuano'l Cp'n.
132
'
Quotation por
»hi»re.
t
127
;
Spring Mount. Coal.50
24
ii'e'
Sil.,Mob. 100
pref. 100
Sbamokin
1
90
90
114
98
Chicago O.A Coke. 100 150
Cineinniiti «. & Coko
171
Hartfonl. Ct.. G. L..25
Jersey C.A HolK)k'n20
Peojile's. Jersey C. .
tonlsville G. L...
45
203
22
825
200
Long Island
2-25
Northern Belle. ...100
Ontario
jOphir Silver
100
;Orlg.Comst'k GAS 100
Overman G. A S...100
(iC
86
80
180
10
Mexican G. A Silv.lOO
Moose
N.Y. A Colorado...
100
1903
f40
.
do
certs...
Peo].l|.-sG.L.orBftlt.23
Bo.ston (:asllglit...500
.Merriniac Silver
570
80
500
•15
I'i3l4
79
170
103
85
Commercial
45
100
10
85
123
i'76'
Fnlton
City National
50
Ask.
90
Brooklyn
First National
3
1^70
Memphis
1,'(40
Mountain Coal. 10
Coal. 50 -30
iBntler Coal
_,
Caiueroi* Coal
10
Clinton Coal A Iron. 10
250
100
100
Bid.
Brooklyn.
.Atlantic
1
Juba Consol
I
I
Buck Monnt'n
100 lOlH
Anierioan
2.t
914
470
llukill
lMi^>erial
,
COAL & MISCEL,
miNING STOCKS.
EXPRESS STCKS
Adani8
A Norcross. .100
Ifenry Tunnel Co..
1310 Justice
575 iKcntuck
Kings Moimtain
235
720 'Kossuth
L.acr08se
70
128 [Leopard
1055 Lucerne
Merp'ntilLTr.(XY)100
iWashingt'n(Ma8s.)100
83
N.K. Mr^r..Si'ciir.(Hu8t.) iod" 10612 jWeed Sew. .M'e (Ct.)25
5
[WUllm'tic Llnen(Ct)25
68
1838 18=8 lYork Co. (Me.)
750 1200
Prod. ton8.1/<Ut Petr
73I3
Pullni'u Palace CarlOO
40
1;.-]
C.jO
O. Dominion S.S.C'o.lOO
Paeitic Mail S.S. Co.lOO
Lonis Tran.sfor Co. "26"
Un. MininK(Ti'nn.).10
Union Trnst
100
U. 8. Trust Co
100 315
U. 8. .Mort.Co.(NY)100
We8t. Union Tel
100 79»8
iKcdemptlon
,
400
I
St.
3 00
I
Il;ile
820
130
Thorndike(.Mass.)1000 700
Union .Mrg.(Md.)
13
"so"'
2-.50
OldBoaton
19% iPeople's
I
li)tio
(Ma.ss.)lOO
Pacific
I'enn. Salt Mfg.Co..50
PepperelI(.Me;).....500
.'4
•15
1
90
(Mass.)... 1000 1900
25
Atlnn.A: Pnc.TeL.lOO
Boston Ijind
10
Boston \V:iter Power.
Brookliui' Lnml
5
North
North America
Bullion
100 4 00
1 ,500
2'50" Republic
1000 iCalcdonla Silver ..100
100 "2814 291a Revere
725 iCallfornia
Rockland
iCasbier
110
5.')
Second Nat
C'liollar Potosl
100
ll.'S
Seonrlty
Cleveland Gold
10
705
Shawmut
7^ Consol. North Slope.
2OI3 211s Shoe ic I.«atlier
MConsol. Virginia... 100
.54
State
CouUdence Silver. 100
111
Suffolk
Crown Point
100
445
Third Nat
Eureka Consol
100
85
Traders'
Excliec|uer G. AS. 100 2-75
58
Tremont
(iold Placer
2^25
07
Union
(iould A Curry S..100
Oi;i)
7
Washington
<;rant
U-JI
100
Webster
i:ianvillo Gold Co..
I
3(i5
3
20
3-37
i
c>m
liWO
•18
New England
;
150
1010
(.Mass.)l(KI<)
Monument
Mt. Venion
I
57
96
955
220
100
100
100
100
100
100
100
100
60
100
100
100
100
100
100
100
,100
100
100
100
100
100
100
100
100
100
Metroiwlltan
805
120
30
33 12 Bobtail
551
N. E. Glass (Masa.)HO
Dist. Tel
Merchandise
Merchants'
AmcricanConsol...
American Flag
Belcher Silver ...100
Bertha A Edith
Beet A BelcUcr
100
81
700
Lowell (Mass)
690
Lowell Bleaehery.200
Lowell .Maeh.8hop.5()0
Lyman M. (.Mas.s.). UK)
Manchester (N.U.) 100
Mass. Cotton
1000
Mevriniack(Mass) KMH)
Middlesex (Mass.).UKI
Nanmkeag
Amcr.
BOARD
Y.
2312 AlphaConaolG&S.lOO
KJOO
Chieopee(.Mass.) ..100 113
Coclieeo (X.H.)....500 700
CollinsCo. (Conn.)..10
7
52
Continental (Me.). 100
Dougl's Axe (Mass) 100 109»i!
Dwight (Mass.). ..500 440
Everett (Mass.).. .100
80
Cons. M., 7».'f().J&J
Piillni'ii Piiliu-n
2(1 M.. Ss. 'Ml..
3<l soi-ii's, 8»,'M7K&A
Duck
(.Mass.)700
Camliria Irou(Pa.)..50
MHriini»a(ii>l(l l,..N:M.M*'r<*.Tr.rt*jil est. ni.,7»
423'4
Anioskeag (N.U.) 100011575
80
Ainlroseog'n (Me.). 100
Appleton (Mas.s.).1000 800
Atlantic (Mass.). ..100 119
Barllett (.Mass.)... 100
25
Bales (.Me)
33
100
BoottC.it. (Mass.llOOO 1450
Bost<mCo.(Mass.)1000 950
&
Bamk Stocks.
Ask.
J'ar.
Ani.B.n.B.M.(Pn.ll2«s
88
88
102
102
Mi>r(.(l-'.v-..l!>OlJifiJ
I'n. KK..Ii.t, >>nil..(;«.
Coni44>l. CitHl
tr.
Bid.
niNING STOCKS,
STOCKS.
\
..3X1
I'.lOl.
MlgCELLANKODS.
Ask.
Bid.
120
85
97
118
64
127
89
30
110
93
154
115
65
151
117
120
68
88
101
10
85
90
92
102
100
101
100
108
160
87
96
115
15
88
122
86
98
88
J
:
;
THE CHRONICLE.
314
Snuestmentfi
Chemung
Railroad
[Vol.
. .
Canandaigua Riiiroad
Total
Net
STATE, CITY AND CORPORATION FINANCES.
Is published on the last Saturday
to all reirular Bubncribers ol the
No single copies of the Supplement are sold at the
a sufficient number is printed to supply regular
Chronicle.
and furnished
as only
Bubscribers. One
office,
number of the Supplement, however, is bound
up with The Financial Review (Annual), and can be purchased
in
tliat
shape.
ANNUAL
REPOaTS.
Northern Central Railway.
i^For the
From
year ending December
the annual report
we have
llie
31, 1877.)
following
Tbe revenue and operating expenses of the
leased and controlled roads, were as follows:
From
From
From
Prom
From
Earnings.
passengers
$6'-8,irr
freight
3,lSi,61J
I
express
mails
miscellaneous
6:i,-i74ti.
191
104, 04S
Total
....$4,070,3;;
1
i
i
i
1
main
with
line,
its
$=l)2,(;97
7l9 405
For mainte.iauce of way
For mail teoance of cars.
For general expenses
814,l(i4
...
i'5'},4il
74,il5
Total
$-3,746,934
$1324,482
In comparison with the year 1876 there was a decrease in gross
earnings of $299,537, equal to 6 65-100 per cent.
The ordinary oi)eratiug expenses for the year 1ST6 were
$3,036,48J
Extraordinary expenditures for betterments
terments, amounting to
Showing a decrease
in
J!i5,4:j3,
205,839
$i,-243.3-i5
Birailir
ixp
.-liditurei
for bet-
were
j,745 924
expenses of
$496,403
Or 15 31100 per cent le.-s than 1876.
The increase in the net earnings was §190,863.
in
1877, 1,479,092; in
1876, 1,903.645; decrease, 4-33 953.
1877, 25,726,768
1876, 43,401,08(5
decrease, 17,674,318. or 40-7 per cent. The tons of freight moved
were: In 1877,6,160,171; in 1876, 5,579,024.
Tons moved one
mile: In 1877, 277,752,734; in 1876, 253.552,485; increase
24,200,249.
The coal tonnage of the Northern Central Railway in 1876 was
832,172 tons, and in 1877, 899,151 tons.
There was a decrease in
the trade going on to the Pennsylvania Railroad at Marysville
and Daupiiin of 90,010 tons, 'i'htre was a decrease of 19,189
tons to points on the Cumberland Valley Railroad. The total
tonnage to Baltimore was 314,590 tons, an increase of 53,205
tons in 1877.
:
;
Your board, actiniir under the auth-)rity conferred upon them,
have disposed of $1,635,000 con.^olidated general unrttrage gold
bonds.
he amount realized from these sales was $1,433,404,
which was applied as follows
I
'lS4*814
ft'i't'}
applied as follows:
Total interest on entire mortgage in iebtedne» of the com-
pauy
$819.5111
t, discount, gold premiums, taxes, &c
and interest on mongages
]
Eental Shamokin VallBj & hottfville Kailroad
......'.
Interest and gold premium on bonds Sbamokin Valley &
Intere
R-"iits
Pottsyiile Railroad
Interest on cquip:nent .-^hamokin Val. & P. Eailroad. .'.."..
Henial Fliniru & Wiiliamsport Uailroad
Interest on cquipnientEiinira & Wiiliamsport Kiilroid..'..'.'.'
Dividends Chemung Railroad
."""
Interest on equipment Chemung Iliilroad
Rental Elmira .iifl-'-rson *fc I'aiiaufUiigua Railroad
.'.
Interest on equipment Jilmita Jiff. <& v auaudaigu.i Railroad.
,
payment of $500,rO0 York
&
Cumberland bonds, due Janu$ 00,900
bills pi.yable
933 401
Total
$1,433^404
It will be observed that the amouat of bills payable has been
reduced from $1,345,332 on Dectrmber 31, 1876, to $370,557 on
D ceiuber 31, 1877, being a reduction of $908,764. The profit and
loss account is now debited with a balance of $368,413.
This has
resulted Irom charging directly to this account the discount on all
the company's bonds sold, and all the interest paid (prior to 1877)
on the bonds of the Sbamokin Valley and Pottsville Railroad
Company; your board, after a very careful consideration of the
subject, having deemed it wi-e to adopt tbia course.
Tbev have
also directed that sundry o'd claims paid, together with the de-
preciation of certain securities held bj the company to represent
the same at their luaiket value, be charged to profit and loss.
The profit and loss account is, tbtrefoie, slated as follows
$l,fi35,000
consolidated general mortgage bonds,
so'.d
during tbe year
$201,595
To suspense
account, being balance of discount on consoliuatet
general morigage bonds, solo p.-ior to 1877
To depr. elation in market value of certain bonds ani stocks held by
the company ...
To interest and gold iiremium paid on the bonds of the Sbamokin
Valley & Pottsville R-iiiroad Company, prior lo IS77, and cbai-i^ed to
that company
'.'...'.
To sundry old jadgment claims paid during the year
83,719
S-2,373
.
539.010
58,399
lll,4i<3
4t^,'4^2
$639,103
52,167
145
CREDITOR
By balance nccember 3l8t 1876
By insurance fund
By rebate of inter-state lonnige tax from State of Pennsyl-
(»25
il];91
165*01)
vania
33,'l64
2-2'8O0
1,000
for 187?
61,705-
Debit balance.
2o',00)
—
$176,516
31,437
By nellncome
I4,'6i*2
270,659
$368,4 13
2'j',b91
'
profit
the
ary!, 1377
To reduction of
To discount oa
$!,32l,4r-,-2
$I,6T5,0l7
Balance of net income for 1-77 carried to credit of
•ccount
25.3,562,485
passenger movement was as follows: Passengers car-
:
Totil ne; receipts
,
.277,75-2,734
DEBTOR.
•In addition to the net earninsjs as above stated of
There were receive 1 from dividends and interest
And coutrlbntloB for Elmira >.b^-maiig & Cauaudaigua divisions..
Which hasl)e-n
total
Passengers carried one mile
To
Formoiivepower
Leaving as net earnings
Making total expenses for ISTS
The expenses for l&7r. which luclud.}
13,285.681
27,836,235
:
Operating Expenses.
For conducting traasportat'u
I
ried
IS.Os'g,^?
29,030,178
Increase, 84,203,219, or 9 54-100 per cent.
The
TUe Investors' Supplement
of each moDtb,
XXTL
and
GENERAL INVESTMENT NE *V3.
S!,513,.342
Io«s
j,j]-03
Atlanta & Cliarlotte Air Line.— The quarterly report shows
It will be ob.servedthat in the above statement of the fixed
net profits for the quarter ending March 31, estimating for Marcli,
annual charges lor interest, rentals, etc., the item of $145,6-35,
of about $713,475 add surplus Jan. 1, $88,499— total, $800,674.
being interest and gold premium upon the $2,000,000 seven per
The boird has declared a dividend of 1^ per cent for the quarter
cent gold bonis of the Shamoltin Valley & Poitsville Railroad
ending March 31.
Company, appears for the first time. The interest upon these
bonds, heretofore paid by your company, has been charged as an
Central of New Jersey.— A statement by the Receiver of this
advance against the operations of tbe coal property owned bv Company, Mr. Francis S. Lathrop, will be found in the advertising
the Sbamokin Valley & Pottsville Railroad Company, it having columns of the CllltONlCLE to-day, and it is worthy of the careful
been expected that the net earnings of the mines would provide attention of all tlis stock and bond holders of this company.
for the advances.
As a foreclosure suit is petiding, tbere is need for prompt action
It has, however, been drcided by your Board
to charge, hereafter, the intere-<t on these bonds to the annual of some sort, and as the present pltn has been devised after the
income account, crediting to that account the net earnings de- most thorough deliberations of committees representing all the
rived from the operation» of tlie coal property. Accordingly, the separate interests, there seems to ba nothing better than to accept
Certainly, the stockholders appear to have little
entire amount of accrued interest to December 31, 1876. has been it promptly.
charged to profit and loss, and the interest for 1877 has been hope of securing anything for themselves except in the carrying
charged to the income account for the year, as already stated.
out of this plan, as they must facs the stubborn fact that all
Notwithstanding the fact tliat this large additional charge has classes of debt take precedence of their stock.
been made to the income account, and that no credit has been
The official re|)ort filed at Trenton, N. J., has the following
taken for the ntt earnings of the coal property, which have not for the calen-lar year, 1877
as yet been paid over to jour treasurer, amounting to $31, 599— Capital stock, December 3!, 1877
$20,600,000
21,700,000
notwiihslanding, also, the expenditure above stated of $135,433 Fundiddebt, DescmherSl, 1877
indebtedness, December 31, 1877
Other
6. 33'., 115
for betterments to your property, it will be observed that the'uet
Railroad, main stem, Mewark Branch and Perth Amboy
earnings of the company have exceeded the charges of all kinds
Branch
$13,76?,a4S
Jersey City station
1,315,805
against the same by the sum of $61,705.
873,2;t7
Port ijolinston coal station
The passenger movement was as follows
Elizabethport station
450.146
PASSEKQEBS CABtilED ONE MILE.
Station bouses, shops. &c
i21,e50— 17, 3-J,?41
....
;
—
:
,
:
1876.
Northern Central Railway
Green Spring Branch
16,551,990
*116'4.*iS
8hamukin Railroad
\\
Blmira Railroad
.*.'..*
ChemuEg
Railroad
Cauandaigua Railro :d
......'.
'..
.„ToUl
Net decrease,
The
^24*949
4 12»'491
l'8,'6'*64
2!4-3'6!'6
85,7*6,768
17,674,318,
freight
or 40 72-100 per cent.
movament was
as as follows
27,222,495
105.084
853,921
7,912,457
3,0;0,?-J5
'.
9,851,370
Receipts.
Passengers
Merchandise
Coal
Mail, express, rents,
$1,409,S50
1,008,758
1,172,347
4c
l-i9,239
4,-236.421
Totol receipts
$3,7-«).195
48,401,(86
ExpensfS.
Running expenses
Fuel consumed
:
TONS OHE MILS.
Nirthern Central Railway
.Green Spring B anch
Sbamokin Riilroad
Blmira Railroad
,
Equipment of road
1877
172,734.748
107,159
18,135,520
39,703ii41
1876.
157,?8-,.?6';
117 659
13,].55,8iO
S0,t>75,465
Repalis of road, docks, etc
Repairs of equipment
Ferry expenses
Miscel'aueous expenses
Net earnings
$941,623
15'3,975
438. fBd
26^,7'"i2
137.623
233,453
—
2.171,037
$1,519,157
MAUCn
THE CHRONICLE.
80. 1878.J
Chicngo Clinton Dnbnqne & Minnesota.— The Clinton &
Dubuque iinil UabuquH Si MlnneKoU railroad comphnies, formerly
knowu as the ('liic««« Clinton & DubuqUB and ChicaRo Dubuque
& Minnesota railroadu, have been consoliJated under the naiae of
Chicago Clinton Dubuque & Mionegola Railroad Company. Thia
consolidation embraces all the line of road be'.ween Clinton and
La CrfFCcnt Jtnction heretofore owned and operated by the two
companies, and includes the Turkey Hiver br.ioch.
Chicago & Eastern lllinoli<.— The receiver of th« National
Trust Company invites offers lor 300 of the firtt mortgs^e bonds
of this company, each of the par value of $1,000, principal due
J'ho
1907, interest sir per cent, payable June and December.
Chicago & Eastern Illinois linilrrad Company is the fuccessor of
the Chicajjo Danvi le & Vincennes Railroad Co. The bonds now
offered cover the entire property of the company.
Chicago & Lake Huron. In the United States Circalt Court
at Detroit, a final decree of foreclosure and sale was entered, by
the terms of which the amount overdue for coupons and interest
on the mortgages foreclosed ($1,394,310) is to be paid within ten
days or the road is to be sold. The Port Huron & Lake Michigan
road shall be sold under the original mortgage upon that section,
which covers only tlie line from Port Huron to Flint that the
Peninsular road shall in like manner be sold under the tirst bonds
issued by ilie original company, which cover the road from Ljnsing to the ludiana Slate line these roads to be sold separately
asd the procee:!s devoted to the payment of the bonds of the individual corporations nienlioned, and the surplus, if any, shall
await the order of the Court. It fljo decreed that the order
heretofore granted authorizing ei-R?ceiver Bancroft to issue his
certificates of indebtedness was vacated, providing that the
validity of certificates already issued shall not be affected.
Frie Railway.— Judge Daniels granted the order asked for by
Albert DeBetz, Morilz Lewin Borchard and Jules Levita, and in
granting their petition he stayed the sale of the Erie Railway
under the forec usure tor thirty days in any case, and, unless the
Farmers' Loan & Trust Company and the Erie Railway Company
make certain stipulations within fifteen days, until the end of the
reference ordered.
The netitinners claim to be holders of bonds
under the second consolidated mortgage, which is being foreThey complain that the receiver has been allowed to
closed.
prefer various claims and debts subsequent to that mortgage, so
that these will be pal I before the bondholders under the present
—
;
;
decree of
Judge Daniels
sale.
refers
the matters involved
WilliEm Al!en Butler. The Erie Railway Company's books
and those of the receiver are to be open to the petitioners, and
the referee is to have power to order the books to be produced
to
before him.
The stiptilation which will limit ihe ftay to thirty days is to he that "all
such amouuts or mms a* may appear by the referee's report to be contained
in or established by said jiidgrnent as liens upon or charges pmiinft said
mort^ged proper y, whUh should not have been allowed as such iiens or
charges, f hall be deducted from said judgment, and that the said jtidgmeni
shall be co'reced a-* to i*uch araonnts of iiidubtedats', and that all such sums
as may appear by :he rifurte's report and coi.flrmation thcieofto have been
charged against said pritpcrty, or in any form allowed to the said receiver,
which 'egally and j:ist>y should not liave been so ch.trged and allowed, shall
be deducted from the sums allowed as charged agaitst said mortgaged property or in favor of he receiver, ana that the peiitioneri», on surrendering
their btjnd* and coupons within ihirty days, shall have all the advantages of
the subscribers to the reconstruction scheme.'*
I
—
Judge Lawrence, in Supreme Court Chambers, heard the
motion made on behalf of James McHenry, as an alleged creditor
of the Erie Rai way Company, to be allowed to intervene as party
defendant in the two Erie foreclosure fuiis, one by the Farmers'
Loan and Trust Company and the other by J. C. Bancroft Davis,
each as trustee of t e bondholders, and also the peop e'e suit for
the dissolufion of the Erie Company and sequestration of its
property.
liOnisiana State
Orleans Times .says
Bonds to N. 0. Pacific Railroad.— The New
The New Orleans Pacific Railway Company
in the Filth District Court for a mandamus
;
filed an application
against the Governor, Auditor and Secretary of State to compel
the issuance and signing of the first ^250,000 of the f 3,500,000
State bonds authorized by the late act. Tho proceedings are of a
friendly character, to have a decision of the highest court in
the State upon the act in question as soon as possible. The Governor staled when he approved the bill that he would not sign the
bonds till the law had been held to be constitutional.
315
The
eral
receipts from taxes and amount* supplied from ,the f;oafund for the last five years were as follows:
Receipts
Amount
from taxes
from general
ToUl
and
Tear.
1874
1874
18IS
i8;«
1877
$»,430,1V3
!U).48!,T;7
$S,03...»flO
a,M<o,n(<o
4,0011.0(0
iM.trs,ns»
S?,498,15J
4,000,000
2,300,000
Si Sl&.OJIt
aO,99(*,7SS
$H4,5K,8StS
81«,531,JC0
tl«l,ll»,0t8
Al,o93,3l8
Total
amoant.
fund.
arrears.
$2S,Si)«,9')4
34,181,177
The unpaid
taxes Uf on real estate for the years prior to 1877,
and for both real and personal estate fur 1877, are as follows
:
Priortol87S
$662,716
18-3
1874
I87J
8M,3.51
!.003.0i4
I
I
1h;6...,
1617
t),lIl,SlT
6.01f,lt7
I
1.8!5,lt>3|
Total
$13,161,910
The unpaid
personal taxes for the years 1873 to 1870, inclusive,
Sffgre^ate ^3,5'.i4,800, which is considered uncolleciibleand <> total
Iocs to the Treasury.
In addition to this deficieniBy, ii is estimated that there will eventually be a loss from the nun- col lection
of personal taxes for 1877 of at leat t $250,000.
DEFICIKhCIES IN TA.XES.
Prior to 1871 the practice of tlie Board of Supervisors was to
include in the tax levy such a sum as wis estimated by them aa
sufficient to supply the deficiency in the actual product of the
taxes from discounts, errors, remissions and losn of perrional
taxes under the provision of clupter 393. section 0, laws of 1861.
This provision of law was repealed iu 1871, and was re-enacted
by chapter 750 in 1873.
For the year 1877 the following sums were added in the tax
levy by the Board of Aldermen, which, it ia believed, will be sufficient to cover deficiencies in the ac'-ual product of the tax
Amount added foi deficiencies in actual product of taxes, 1677, $69j,59'J.
Discounts, errors and remissions a lowed, |;94,147.
:
Uncollected personal taxes (estimated), S'i50,M0.
Estimated surplus, $35-:,4".0.
—
Penn.^ylraiiia Railroad. One of the great events of the
week, aud indeed one of the most important that hae occurred in
railroad circles for a long time past, was the adoption of the
Trust scheme by the Pennsylvania RR. stockholders. The great
(•ignificanceot this measure is in tlie fact that it is a practical declaiat'ou that the c mpany proposes to stand up squarely to its
obliirations (ihofe nckuowledg»d by it) and meet its guarantees
before it psys dividends. If the guaranteed securities do not
materially advance in price the company will gain immensely by
their purchase.
If they do advance in price, the whole credit of
the company will be so improved that it will gain enormouslv by
the ability to .sell bonds at a low rate of interr-st and pav off or
buy up obligations carrying a higher rate. The committee's
report upon the company's affairs, and the trust sclieme in particular, contained the following:
The general account of the Pennsylvania Railroad Company
shows its floating debt December 31, 1877, to have been $1,500,000,
and that of the Pennsylvania Company $3 933,099. To meet the
ttoatine debt of the Pennsylvania Cimpany, there are $3,300,000
of Pennsylvania Company's bonds, aecured by $4,000,000 of 7 per
cent special guaranteed stock of the Pittsburg Fort Wayne &
Chicago Railway Company. As the bonds are fold the proceeds
are applied to the leduction of the floating debt on account of
which they were issued.
TRUST FOND.
In the report of the board of directors, oc page 48, the fixed
liabilities on the guaranteed endorsements of the Pennsylvania
Railroad Company are stated at $178,016 393. The committee
fear that the statement in the report is liable to miaapprehensioD,
and therefore make the following explanation, aa aiding in the
better understanding of the character of these liabilities.
The capitalized amount of t'lie liabilities of t!ie Pvnnsylvania Railroad Company, on account of endorsements of bonds aa guarantor, or for lentiils as
board at
Deducting the amount represeuiing Ihe capitil'ze't principal
lessee, is staled In ihe report of the
$1T8.' lf,J93
>
f
upon which the company guarantees certain illviand upon which, therefore, its utmost liability is con-
Ihe stocks
rtends.
fined to tie
olvidends themselves
68,699.087
weohtaln
aa the amount of the bonds upon nbich the company
Is
a
tl09,.<)!e.6<6
guarantor, dii ectly
or inairectly.
these b mds the Pennsylvania RR. Company is a direct
guarantor of principal and interest as follows
Under the lease of the Ui.ited Raircads of New Jersey to the
Upon
:
Mis.&ouri
Kansas
City,
River Fori Soott & (Jnlf.— A circular dated at
Mo March IS, 1878, is issued by George H. Nettle
,
ton. Receiver, under an order of the Circuit Court of the United
States for the DisTict of Kansas, made March 16, 1878. He states
is authorized to make sales of the company's lands and
execute contracts or deeds therefor.
that he
New York
amonntof
On other lines
& Potomac, on vhch the Northern Central and Fhiladelphia
Erie companies nro co-guaraniors
the lines west ot Pittsburs' ifcEiie to the amonnt of.
Ceiilral &, Hudson.— Utica, N. Y, March 37.— In
the case against Jolin M. Bailey, ex-United States Collector at
Albany, the jury to-day rendered a verdict of $499,43"- for the
railroad.
The court granted a stay of proceedings for sixty day.",
to enable the defendant to prepare a bill of exceptions.
And on
New York City DcUt.—Comptroller Kelly, in response to a
request by the Assembly on the 6th and 12th inst., has submitted
Statemen's which contain the following
Funded
Year
Debt—
^Temporary Debt^
Total
Am'ut of
Net
ended Stocks and Assessm't Keveiittt:
Bonded
Sinking
Bonded
Dec 31.
Bonds.'
Bond'.
Bonds.
Debt.
Fund.
Debt.
^
$
S
2
C
S
And through
:
9(l,49-i.2l9
i!1.9».,.3TJ
10,ij»,979
1S1,8«»,'71
M7
aO.MI.OOO
a6.F2-«,7!'8
-.ll.Sai.aOO
2,711300
4,142,W7
Ul.803,158
ll'f.lftn.no:)
144,S-«,IV;l
27.748,07
I19,t«l,:il3
2i.371,4r0
6,101.814
148,107.557
28,-i9^,8l7
119,811. :<.:0
1J1,44^I,1.^1
-.(1,319,500
(i,051,4-«
14!',8Jl,0i7
31,iaO,al3
117,70J,:42
Ifl^
'»'<
1875
118.241,
If"
ISTT....
34,841,100
107.K<.4;i
11J.97».*9
IIS ..3,7-,M
• Payable fr.m taxes and sinking fund.
NoTB.— The debt of th-» towns annexed from Westcbceter conntv, amonntIng Dec. 31, 1S77, to 81,162,935 4J, ia not included in this BUttmeut.
$2J,<96,';00
ea-t of Pittsburg Jb £ri'>, embracing the Philadel-
&
Erie, West Pennsylvania, Chaitieis, Connecting and
unction road-, and the Suf que hiinna Coal Company, on which
it Is the sole guarantor, aud the Alleghany Valley aud Baltimore
Shlii
<b
33,450,266
3.160,1X0
In all
161,096,966
the boi:ds of tho Pennsylvania Canal Company (tnterett only
guaranteed)
3,000,000
On tho lines west if Pittsburg & Erie the indirect gnarantces <•?
30.91-?,689
the company, through 1. sees directly made to i^ are.
On
leases
made
to
yonr Western
lines
14,S77,C00
Making up the total as above of
$109,316,696
It lilust be borne in mind that the bonds which the Pennsylrania R ill road Cotnpany has guaranteed have for their security
railway property entirely distinct from the main Un<» of your compiny, so that in case of foreclosure, o» by the purchase of these
bonds, your company would practically become the owners of the
roads upon which these securities are a lien, and upon which, in
many cisep, large sums of money outside of the mor gtige debt
have been expended.
In the case of tbe United Railroads of New Jersey, the PennBTlvania Railroad Company agreej to pay their bonded debt as it
became due, the lessor being bound to f arnish new bonds to a cor-
THE CHRONICLE.
316
reBpondinpr amount with which to pay off the maturing loans*, eo
that lhe»onIy practical liability connected with the principal of
maturing bonds would be in case the new bonds did not bring par;
in which case the Pennsylvania Railroad Company would have to
make up the deficiency. As these bonds now sell at from 107 to
109, it will be readily seen that no deficit is lilsely to occur Irom
that source; on the contrary, as the lease stipulates that tlie excesi
in the proceeds of the new bond shall inure to the lessee they are
much more likely to become a source of profit.
The fame state of facts exists with the bonds of the Fort Wayne
Cleveland & Pittsburg and other roads west ol P.ltsburg, constituting the larger portion of your liabilities in conntction with the
Western lines. The lessor companies agreed in the same way to
supply new bonds to take the place of maturing obligations, and
many of their securities are selling in the market at Irom 105 to
120, and it is very hard to obtain them even at these prices, so that
it will be readily seen there can be no difficulty in securing their
renewal, if found expedient.
At the election held on the 26ih the ticket n< minated by the
stockholders' committee was as follows Thomas A. Scott, Josiah
Bacon, Wistar Morris, John M. Kennedy, Samuel M. Fe'ton,
Alexander Biddle, N. Parker Shortridge, Henry D. Welsh. This
ticket, termed " the regular," was successful.
The highest one
on the ticket had voted for him 479,276 shares, and the lowest
420,649 shares. Thomas Potter, who submitttd the minority
report on the funding scheme, received votes representing G6,053
shares, and A. J. Derbyshire, who was a director last year and
whose name was taken off the ticket by the stockholders' cnmmitlee, was complimented with votes representing 46,314 shares.
The funding plan was approved, the vote standing thus; For
the adoption of the retolution on the creation of trust, recommended in the majority report of the committee, 375,299 shares
for the adoption of the resolution on the creation of the trust as
recommended in the minority report of the committee, 105,885
shares. The largest number of shares ever voted at any previous
election of the company was 281,000.
Last year only 125,000
:
;
were voted.
—The
folio w'ng slat
;ment
made by
the Penn<ylvania Railioad
Company of thi^ increase or decrease of earnings and expenses in
Fdbu r/, 1878, as compared with 1877:
All lines east of Piitfbnrg and Erie show a decrease in gross earnis
iBitol.-.,
A decrease in expenses of
j;\790
43,63J
An
increase in net eainiDg-< of
The two months of 1878, as compared witli the
shew an increase in gross earnings of
A decrease in expenses of
$40 St7
same period of
An increase in net earnings of
All lines west of Pittsbiir? and Erie, for the two months of 1878,
a profit, after meeting a'l liabilities, of
In the same period of IS"? there was a deficiency of
'"
18^7,
,
...
9,940
ISt^SSl
$191,5-24
show
<
5
6118
]0o,40:»
Philadelphia & Reading.— The receipts in the month of
February are reported as $844,470 against $1,216,000 in the same
month last year. The tonnage transported was 173,462 coal and
237,282 merchandise in 1878, against 321,655 coal and 229,607
merchandise in 1877. The number of passengers carried was
899,057 in 1878, against 430,858 in 1877. The quantity of coal
mined was 93,727 tons in 1878, against 187,119 in 1877. The
decrease in tlie receipts is due to a voluntary suspension of the
production of coal to a great extent, in order to increase their
allotment hereafter. The business for the first three months of
the year shows an increase of $234,649 over the same period of
last year.
Rome Watertown & Ogdensbnrg.— The
coupons due April
1 on $4,250,000 consolidated bonds will not be paid. Officers of
the company state that all prior loans will be protected.
St. Paul
Pacific.— In the suits of Rice, Thompson and
others, trustees, against this company, the Supreme Court ol
&
Minnesota has granted a motion made on behalf of the trustees
to proceed with the consideratiou of certain appeals taken in the
foreclosure suits. Consideration of these appeals and of the
suits themselves was suspended in 1875, at the request of all
parties in tl^e case, pending the execution of a certain agreemeut
with the bondholders. This agreement having failed, the Couri
now decides that there is nothing to prevent the further progress
of the suits,
Syracuse Binghaintoii & New York.— In London, March 16,
Messrs. Morton, Rose & Co. invited subscriptions for the 7 per
cent first consolidated (currency) mortgage, to the amount of
$1,750,000, in ,f 1,000 bonds, at the price ot £200 per bond, principHl
and interest being guaranteed by the Delaware Lackawanna &
Western Railroad Company.
The issue is made to replace
$1,400,000 bonds paid off and to provide additional equipment
and it forms a first mortgage on eighty-ono miles of line from
Syracuse to Binghamton.
There is, however, a lien of $270,100.
The first coupon is due on October 1, and the principal is re'pnyable in 1906. The s ime bonds were put on the New York Stock
Board 'ist this week.
Toledo Peoria & Warsaw.— In the United Siates Circuit
Court at Chicago, Marcli 23, an order was made directing Receiver
Hopkins to deposit with the Farmers' Loan & Trust (Company, of
Hew York, $3,275 to pay certain coupons on the first-mortgage
Eastern Division bonds which became due before June 1,*1874,
and $3,500 to pay coupons on Western Division bonds whicli
became due before Aug. 1, 1874, such coupons to be paid at their
face value, without any interes'.
It was further ordered that the
Receiver deposit with the Farmers' Loan & Trust Company a sum
Bufficiei.t to pay a dividend of $31 92 on each first-mortgage Eastern Division bond for $l,OO0,jand one of $21 08 on each firstmortgage Western Division bond for |1,000, such payment to be
stamped or endorsed upon the bonds and coupons, or upon the
certificates representing bonds deposited, where such certificates
have been issued.
;
[Vol. XXVI.
Southern Pacific Railroad.- The following three reports of
Committee of the House ot Representatives give an emphatic
condemnation of subsidies. The Thirty-Second Parallel Road,
the
they say, can be constructed without pledging the public credit.
These reports give the recommendations of Messrs. Blair, Luttrell,
Morrison and others, and are decidedly in ofposiiion to the Texas
&
Pacific Railroad
:
A
minority of the Committee on Pacific Railro,idr<, to whom
were referred House bills H. R. 1919, II. R. 1904, H, R. 2031, H. R.
2118, and H. R. 2573, submit their views through Mr. B air
We are unable to concur in the views of the mi-j iritv of the
committee, but desire the adoption by Ccngress of such lnea^ures
as will secure the early construction of a traL's-contiueuial lailroad
use and development of the Soutliern and S luthwestern States and Territories. We believe tUat ihia important
for the special
can be accomplished without eubsidy from ibe Govrinment,
and submit the following views and the ac-;oinpauying bill for the
consideration of the House:
NECESSITY rOU THE CONSTRUCTION OP A BOUTHEBN BOAD.
Although the present necessity for the construction of either a
Northern or Southern Pacific Railroad is less imperative than was
the emergency which compelled the Government in time of war
to secure at once te'ritorial integrity and material prosperity by
oliject
large appropriations for the construction of a middle line of interoceanic communication, yet the original idea of three main transcontinental railroad routes for the accommodation of the whole
country, so far separated as to be practically independent of each
other, should be steadily kept in view by Congress until it is
realized.
Numerous
main
lines,
cross-lines and feeders will ultimately unite these
and other roads on intervening parallels will girdle
the continent
;
but this generation will do well
if it
shall complete
these great prophetic lines, opening to settlement the Western
Territories and furnishing the baj is of a vast prospective development of wealth and population.
No tingle lino can transport the commerce now waiting for accommodation, and the three togoiher will, in less than a quarter
of a century, be insufficient to perform tho laud-carrying trade of
the country between the oceans.
This great development, ooly partially anticipated by the projectors of these roads. Congress is now called upon to piomote by
appropriate legislation.
THE riiESENT CONDITION OP THE SCDTHERN LINE.
The Texas & Pacific Railway Company, a corporation of the
Slate of Texas, in the year 1871 was authorized by Congress to
construct its road aud telegraph Irom Marshall, in Eastern Texas,
along and near the thirty-second parallel of North latitude, through
that State and the Territories of New Mexico and Arizona, to
San Diego, a small city on the Pacific coast, on the bay of the
same name, supposed to be well adapted to commercial purposes,
and having a population of 4,000 to 5,000 people. The distance
from Marshall to San Diego is estimated at 1,574 miles by the
authorities of the Texas & Pacific Company, while those of the
Southern Pacific Company believe it to be about 100 miles greater.
The seventeenth section of the charter of the Texas & Pacific
Railroad Company, by Congress approved March 3,
Jl, enacted
18
That the -said Texas Pacific Railroad Compan.y shall commence the construction of its road simultauconslyai San Di go. iu the State of Culifornia, and from
a point at or near Marshall, Texas, as hereinbefore described, and so prosecute
the same as to have at least -^0 consecutive miles of railroad from eac'i of said
points "complete and in running order" in two years after the passage of this
act; and so coniinue to construct each, year thereafter a sufficient number of
:
miles to secure the completion of ihe %« hoie line from the aforesaid point on the
oas ern boundary of the Slate of Texas to the Bay of San Diegi., in the Siatoof
Cdlift/rnia, asaforesHid. withiii 1 ) years after the passage of this act; and upon
failure to so complete it, Congress may adopt snch measures as it may deem
necessary and proper to secure its speedy completion.
Another act was procured by the corporation ; approved May 3,
1872, which, in the fifth section, provided cs follows:
That the said Texas &, Pacific Railway Company sha!I c mmence the constructifin of its road at or near MarehiU, Texas, and proceed with its cimstruction under tiic original act and this snpplcment orinpursnanco of the authority
derived from '.any consolidation as tiforesaid. westerly from a point near
Marshall, and toward San Diego, in the State of Caliloinia, on the lin authorized by the original act, aud so prosecute the same as to have at least 100
consecutive miles of railroad from said point complete and in running ortier
within two yeirs after the passage of this act; and to continue to mnstnW, each
yeir thereafter, a sujficie'it nujnber of miles, not less than one hundivd, to stcure
the completion of the whole line, from tbe aforesaid point on the Eastern
bonndftry of the State of Texas to the Bay of S-m Diego, in the state of California, as afores:tid, within 10 y^jars after the passage of this act; Provided,
however, that the taid company shall commence the coustructi-m of saiii road
from; San Diego eastward within one year from the passage of this act. and
construct not less thiin ten miles before the expiration of Ihc second year^
and after the second year not less thau twenty-five miles per annum in continuous line thereiifter, between fan Diego and the Colorado River, until the
junction is f.itmod with the line from ilie E:i8t at the latter point, or east thereof, and vpon failure so to complete it (ongrefs may adopt suck measures as it may
deem necessaty 'ind proper to secure Its speedy completion ; and it slia 1 also be
lawful for said company to commence a id prosecut-^ the con-iruction of its
line from any other pr>int or points on its line ; l)ut nothing in this net cont'iined
skull be so construed us to aut)torize the gtant of' any additional lands or subsidy.
I'fa'iy nature or kind whatsoever, in the part qfthe Government of the United
Stales.
l'';iiliiig
tained
to
meet these
the Texas & Pacific Company has obpurchase, niul now Ims in ope.ruti(ni,.ii:j miles
itrovisioii.'^,
b.v <-onstfti('tion jiiul
of rtnul. whieli enclose a j)afallelogrjiiii in Nortlicastorii Texas, having a
base of 18U luiies, extending from iNfivrslmll to Fort Worth, now the western teriuiuiiH of tlu; rond, which onl.v is a part of the trunk lino.
The reniaindt^r of tln^ 4-13 iniU^s is mo located as to secure the raoi-c
valitalile laml.s grtuited b.v the State of Texas, prob.-vbly beciiuse the peeuniiuy enib:ttr:ts>nieiits of the company were such that ils eretlll was
based chielly upon the grunted lauds. There Is thus remainiug ot th
Mjlbch
THE CHRONICLE
30, 1S78.]
tniiik line liciwwii I'ort Winlli nnil Snii
Diego a illntancc of 1,491
iiillcH
ui>i>ii wliii'h niithlii),' liiiH Ix'rii (|i>uo.
vi;ii-«allowi'<l li.v tlii> plmvtoi- wltliin wlilili to coiniilcto tills
prvnt work ntilv four i-einaliii ami a roiirtidrriiblo portion of one of tlicHe
ninst iliipM' lirfoiT till' iiniolnienl of tlio ilrslivil li'^ixlatlon is poNHllilc.
Of
till'
lo
SIx-liiitlisof tlii'tlnu'lnivobi'onconmiineillntlKMiinstnnlloiiot loss than
of tin.' trunk line, iiinl Hint at the cnstciiy terminus, in elose
tlic frreat inliliUe syHteni of roaiU and the central helt of
oil! -<i;:litli
connritioii with
!^l:it( s,
rather than with the Southern sysloui of roads and the Southern
Slates.
eorporatlon lia« fallen thus far short of the performance of its undertaking, ailhoutfh it ivi'i'ived from the State of Texas the miinilleent
Slant ol the alternate seetions of laud for 40 miles In width alont' eaeh
side of its lino, or SO miles iu all, tliri>u»,'h the State of Texas, and the
8aiiie from the United States through the Territories and iu California,
roiitingeiit upon its eompliauoe with the conditions of the grant.
'I'lie
The
ereilit
TIIK DKSlliKI) srnsiDv.
of the Texas i<j Paeillc Comiian.v
was
seriously Impaired
liefoivllie jianle of 1873, and under its inlluenee has st 111 fiuther declined.
It admits its jieiMiniary inaltility. and assi^^is that as a reason for its
failure to coiuph' with the eonditions imposed upon it by law.
In IST.'i it apii'lied to t'ouKiiss for a subsidy of over $60,000,000, iu
addition to its laud ijrantof y2,.)_'8,0O0 acres iu Texas and 18,000,000
in the territories. Im'Iuj; a money .subsidy of twice the probable cost of
biiildtUK and eiiuippiuj; its road.
The upiilieation failed. It now elmnges tlie form, rather than flic substance of its re)(Ucsl, and asks for a guaranty of interest «n .$2,5,000 a
mile for thi' easier and $40,000 for the lieavicr portions of the roacl,
amounting in idl to $ 38,500,000, at 5 per cent animaUy, for ,50 years.
TIic bonds of the (Joveniment bearing
percent interest liave recently bei'u sold at par In refunding the national debt. If the public
4^
and
unimpaired, the time is not remote when the
Government will be able to effect loans at the rates of 3 and 3i-2 per cent,
as now i)aiil by Kngland. The ditl'erenec between the interest on these
5 iK'r cent Texas Jc raeifie bonds for tlfty .vears and the ordinilry rales
which the (ioverumeut will have to |)a,v on the same amonut for the
same time, if invested, as it might be, hy the Government for the payment
of its own detit, would amount to much more than the cost of the road,
so that the Government would be far better off to build the road and
Rive it to the Texas & Paeitlc Company outright than to guarantee the
interest on its .5 per cent 50-.vear bonds, according to its request.
Assume that the aver.age interest of fioverunicnt loans for the next .50
years will lie 4 per cent, and we have an annual loss to the Government
Ml the excess paid to these bouilholilers of 1 jier cent on .$38, .500,000, or
$3'<.5,0O0. which, invested in a sinking fund, would auKaiut to .$140,000,OOO at the maturity of the bonds, or three and one-half times the amount
of the priuiipal. liesides all this, there is no doubt that the whole road
can be built and e<|iiippeil for less than .$20,000, probablv for not more
th.an $1.5,000. per mile. Assuming it to cost .$-J0.O00pcr mile, and the
airgregate will be (estimating the distance at iiearlv lod inilesmore than
the T.xas i- I*acitl<' authorities represent ill .$'J',1. 1-J0.00(l. IcHvili:.'- an excos ,if $i».osO.O(X) to be taken from the priiKip.al for tlie lienefit of those
who iiiauiinilate the iMinds at the start, and who do not proiiose to risk a
faith is kept
its crcilit
own in the enlcriirise.
True, tlie.^* sa.v that no more bonds sliall be issued than are necess,arv
to eoniplete and ei|iiiii the road but no one can doubt that a necessity
will be found for the full .iniount named in the bill.
We liave s.iid nothing about the returns by way of Govcninient service
in its various f(u-ni.s, because that source of lienefit is just as available
from a road Iniilt with private as with imblic capital; and. besides, complications in matters of aecouut always arise between the Govenimeiit
and sueh corporations that surpass the understanding of those who represent the nation.
The total amount of iuteiest guaranteed hy the Goveniment would,
if paid into a sinking fund, amount to more than $700,000,000 in ,50
years, and we are I'alled uiion to guarantee the payment of this sum, in
addition to the iirocecds of the laiid gi-aut. iu order to enable the Texas &
flollar of their
;
317
should lake sucli measures as should enable It to connect with the South
cm States of the Union.
The Sout Hern l'aclfl(^ Railroad Company, therefore, will siilTer Kreat
loss unless It receives Immediate relief liy such legiHlatlon as will iiecure
the early eonipleti(ui of the road along the thirty-second ]iarttllel. Tmo,
It might prolwng its existence by high taritfs iitvled uimui the scanty
commerce of that sparse po|>iilation, which, if now burdensome to the people,
must icmain .so until Eastern commiinieatlons, and const^qneut Increasing trallle, shall result In a reduction (^insistent with the continued
existence of the corporation Itself, and with some riaurn upon tlic enormous Slims invested. An increase of ralli-oad facilities and connections
is the only means of relle\ lug the people of those Territories from the
high rates of transportation incident to their isolated coudithin and the
developinent of the vast mineral wealtli of those gieatTerritorics, larger
and richer in natural resources than many powerful kingdoms of tho
world.
POSITION OF TITB SOl'TIIEIlN PACmC HOAD.
The Southeni Pacific Railroad, liy force of the absolute necessity of Its
securing Kastorn couuections as soon as possible, in order to preserve ita
capital, is the only party which has both the power and the disposition
to build this road,
Kaily ill llie sessions of this Congi-ess a hill was introduced by Mr.
Money, of iMississippi, proposing in substance to declare the franchise
and land grant of the Texas & Pacitic Company West of the Rio Grande
River (the boundary between Texas and New Mexico) to be forfeited,
and that the Southern Paeifle Company bo subrogated to the grants
originally made to the Texas Pacific Company west of said river. By
the terms of this bill the Southeni Paeifle was to comi>letc the road to
El Paso, on the Rio (irande, liOO miles easterly from Its present teriuinns,
is at Fort Yuma, iu six years; and if, at tho end of that time, no
other railroad should have been constructed westerly to connect the
Southern States with its line at EI Paso, tlicn, with the consimt of the
St.atc of Texas, the Southern Paeifle Company might jiush easterly imtU
the connection indispensable to tliis company could be made with tho
Mississippi Valley.
On the contrary, if the Texas & Pacific Compan.y, or any other road
building westerly, should aiTive sooner at the Rio Grande than the
Soutlicrn Pacific Company building easterly, sucli road could build westerly througli the Territories till tho approaching lines of the two corporations should meet. This proposal was calculated to excite competition
similar to that which drove tho existing trans-continental line to coml>letion before lialf the time allowed by Congress for tliat purpose had
expired. In this bill were numerous and well-gii.arded provisions to
secure compliance with the tenns and conditionswhich might be impose i
by Congress, including Government regulation of taiiffs and proper con
nections and nmning arrangements with other roads, prorating wit i
the Eastern lines, and other commendable features unusual but necessary iu the cliai-ters of railroads.
The passage ol this bill was advocated hy the Soutliern Pacific Company before the coniniittee. asking of the GOTcrnment no other aid Imt
the land grant rhrmiirli tiie Territories.
Tile Somlieni I'acitle Company iiiterpo.sed no oppo.sition to the guarantee asked )iy tiie Texas
I'acitle east of the Rio Grande; hut con'temjilatiiig the eoiitiiigciiev of the denial of guarantee of lionds to the Texas
A Pacitic Ciiiupany, and the con.seiiuent total collapse of its undertaking,
strongly insisted that justice required that they should not he held in
check awaiting the result of eimtinued applications by the Texas &
Pacific Company for the money or credit of the nation with whieli to
perform what the Southern I'aciflc was ready to do immediately for the
which
.v.-
land grant alone.
To this bill the Texas & Pacific Company objected. The only argument
entitled to weight, in our oiiiiiiou, was tliat the Southern Pacific, cbnneeting with the ocean at San Francisco, and liaving immediate business
relations with the Central Pacific Railroad, might enter into combinations with that corporation against the public interest, and that the
adNiuitages of competition and of an ocean connection at San Diego
would then be lost.
COMPKTITION AND COMBIXATIOy.
Company to complete its road.
We believe that any competition between rival parallel lines of railmineeessary lo recite further the details of the bill or to rei>eat
the arguments bearing upon the general question of subsidies. This road for the same business, whieli results in a loss to tho companies, is
matter is discussed In the report of the minority of the suh-committee bv sure to end in one of two ways, either in a combination by which the
public will lose far more than it has ever gained fi-om competition, or,
Mr. Luttrcll
We are oi>iiosed to all pecuniary subsidies and guarantees by the Gov- on the other hand, in the ruinous cutting of rates persisted in until the
eniment, iu whatever form, for the benefit o£ railroads, atthis time, how- weaker eoi-poration is rmiied, the public is left to the rajiacity of the
ever desirable their construction. In time of peace, private capital survivor. There is no real protection to the public but in the enforceseeking protitalile investment wUl generally promote commercial ment of the law of the laud. Competition which takes from corporations
dcvelopincnt quite as fast as is consistent with safety and penuanent just compensation is quite as ruinous as combinations wliich give them
prosperity. If the men in cliargc of a meritorious cuteri>riso command too lunch.
the coulidence of capitalists, or even the too-casily won trust of the
No one can believe that the Texas & Pacific Company would, after
middle classes, there is uo need of calling upon the nation for subsidies constrneting its line to the Pacific Ocean, long compete with any rival to
or guarantees.
its own lo.ss, or even so as to produce any reduction of lates below the
As the Texas & Pacific Company is controlled by men of gi-eat experi- maximum to which the public would submit; or that it would fail to
ence in atl'airs, who liave for iiiany years been prominent in the develop- repniritslos.sesoriiicrea.se its gains whenever an opportunity might
ment of some iiortions of our railroad system, we are forced to the con- oft'er. We repeat that nothing but the law, and the enforcement of the
clusion that this enterprise under their management is not one which law by tho goTcrument, can jirotect the public against tho love of gain
Paeifle
It is
commaiids the I'onlidence of astute business men who have to invest in
aesirable seeurilies. It is tills want of capital and public confidence
wliieh renders it impossible for the Texas *£ Pacific Company to build
tile road along the thirty-second parallel.
Were it a corporation with
capital and credit, or were the project one commanding the confidence
of liusiuess men under this management, the road might be built by the
Texas .V Paeitie Comiiany. But. in our belief, unless the Government
Jtssujues the burden of the unrtei-taking, while its management is left to
the Texas A: I'aeiHc Company, there would be no possibility of the con«triietion of the road, even if tlie company should profess its piu-pose to
accomplish
it.
THE ROUTIIEHX rAriTir liAlLROAD.
The Southcni Pacitic Uailroad Company is a corixiration of the State
of California. lis original charter renuiri'd the vearly construction of
certain di-flnite iiortions of its road, wiiidi condition, with others therein
iniposeil, have been substantially coniiilied with. The 23d section ol
the
Act of Congress of 1871. above cited, is as follows:
"That, for the purpo.se of connecting the Texas Paeifle Railroad with
Mie city of .«aii Fram^lsco, tlie Southiun Pacitic Kailroad Company of
Califorum is hereby authorized (subject to the laws of California) to constmet a line of railroail from a point at or near Teliacliapa Pa-ss, by way
or I>oH Angeles, to the Texas Paeitie EailroaU, at or near the Colorado
Kl\cr,
'
'' with the
s*""e I'gois,
rights, grams
grants aim
and"-^-^trivueges,
privileges, ana
and subject . to tne
the
"Y" "" -Siiuie
-.—
~
same
amc liinitatieliniitatlons,
restrictions and conditions
as
wero granted, to
said
Soutli
outhcrn Paeilic itailroad Company of California l>y tho Act of July
tw
^^^eii, eighteen hundred ami sixtv-six."
'riV
This coipoiat ion has constructed its road to Fort Yuma, on the easteiiv
uaiiK of the Colorado Itiver. in the southwesterly comer of the TerritorV
?! -"'"'"a. whieli it claims to be the authorized iioiiit of connection with
the lex.'is & Paeilic roail. a distance of about 720 miles. Its track has
been laid thiougli and over extraordinarv natural ob.slacles at the
expense of about $G0,000.0oo. and the 350 miles of its Soutlieni iiortion
passes through a desert, and for Hi I miles nearest the Colorado witlioiit
an oa.sis. This road, built to preserve the charter, is of little value
except for its antlciiiated conneetions with the Southeni States, from
Which, owing to the failure of the Texas & Paeifle Company to comply
wiiu tile requisitions of law, it is now more than i.-'OO miles" di.stant.
'" "" '"""l ^vould do a limited liusiuess with Arizona should
',""' *
•t >. '?
"""''•• B'lt tlie population of t ha t Territorv is oiilv about
'1"
!>K rw^"
JO,oi«j,
and off these not a large iiroportlon would do business with it,
oeeause of the inconvenioiit iioiiit of contact, and of tile imiiorfect comuiunication r«i the Colorado River.
The road is already (A<ic. with its mllUons of money invested over a
sandy vviiste, ui>on the gooii faiih of the Government that the Texa«
±'aeillc Koad should be constructed so as to meet it at the Colorado River,
or, in the event of the failure of that corporation
so to do that Congress
'
—
•
—
.••
•'
&
is inherent in hnniaii nature.
This truth is recognized by the bill of tho Texas
wliich
&
Pacific
Company
by the ni.'iiorit.v of the coiniiiittce, and stringent provisions are
tiierein made to bold that corporation within the bounds of justice and
law; ver.v unusual safeguards lieing jirovided for, in consideration of the
fact that tlie (Jo^eriiiiicnt itself is really required b.v the bill to furnish
the means necessar.v to build the road and give to the projectors an
additional bonus of $10,(K)0.000. Restrietioii.s and eonditions iiL a charreiiorted
ter can be enforced
as wt'il as another.
by the machinery
of the
law against one corporation
RELATIONS OF THK SOUTHEHN CENTRAL AND TEXAS PACITIC ROADS TO
EACH OTIIEU AN1> TO THE SOUTHEHN STATES.
As.suining that the Southern Pacific is controlled by the Central Pacific
(which
is
denied), there
is
the strongest reason to suiipose that this cir-
cumstance would operate rather to tiic benefit than to the iiyurv of the
South and Southwest. The whole length of llie Central I'aciflc Is aljout
800 miles. The Southern I'acitie from San Francisco to the Colorado is
more than 700 miles. Add to this the proposed extension of GOO miles,
and the total is over 1,300 miles, and wo believe it probalilo that the
Southern Pacific will extend its line easterly acro.ss Tcxa.s, unless the
desired sulisidy should enable tho Texas Pacific Company to form tho
connection at El Paso.
Therefore, if San Francisco would be the point to which all business
would converge tlie focus of inland and oceanic coiuniuiiication ou tho
—
Pacific
shores— tile Southern Pacific brandi
ofters to
this
imagined
Central and Southern combination the earnings of at least 1 .300 miles of
road against 800 on the Central Pacific. Which branch, then, will this
supposed combination most naturally employ!
Impelled by its own
interests, its own investments and connections, what section of the
country will it .seek to develop I Is it not api>arent that whatever may
have been its previous pui-po.ses, liy virtue of the projioscd extension of
its line it is at once converted into es8entiall,v a Southern road f
It is no
reply to tlds to say that owning the westerly ends of tho Middle and
Southeni routes it will blockade both until its exactions are complied
with, for file bill we neommeud expressly reserves and confers upon
Congress far greater iMiwers of control over the Southern Pacific tlinn
are contained in tlie bill reported liy the m.-vjority. and so long as the
jicople are so disi)o.sed tliej- can protect themselves liy tho same melhoila
which must lie resorted to in orilerto secure performance of their obligations by the Texas & Pacific Company, and with no gi-eater jMiwersif
resistance on the part of the one than tile other, except that tlio restrictions in tlie organic law of the Southern Paeifle ai>^ the moro striuKOUt
and explicit. Again, for what business will this siippo.sed eoiui>etition
arise 1 Tho Southern road should be built to beiicflt the Southern States.
Do these Stales expect that the Central & Union Pacific can or ever will
compete with a Southeni road tor the commerce of the Southern States t
:
THE CHRONICLF.
318
[Vol..
XXV].
indeed compete for bnsmess m tlie restore to the Texas <fc Pacific Company all its old privileges long before
Imt tUo Pennsylvania Central that company will get to tlie Kio tf. »nde, or take auy oih^r mca:ure8 necessary to secure its completion forth.\;th. There would be no room for the
Railroad and its 0,000 miles of trunk and western connections iloee not nareasonabie and obeti-nctive construciion which the Texa? & Pacific Com Gulf
and Southwestern States, any
the
Atlantic,
South
run throuch the
sets up under its own charter to delay the building of the road until the
pany
ma Chicago
more than does the Union Pacitic and its easterly extensions
mannor of the required money can be cxtorttd from the public reasury.
to New York. Is not this monster (speaking after the
no
road built westerly through Texas has reached El Paso in six years,
If
them,
maiority) the more dan4,'erou8 rather hecause, while the nearer to
power, .are they not the then, the State of Texas consenting, the Southern Pacific may build easterly
it IS yet not of them; and if they enlarge its
connect
with the Texss Pacific or some other compauy; aud. on the other
and
surer to become its victims and to pour forever their tribute into tlie lap hand, if the Southern Pacific fails to reach the Eio Grande in six years, the
has
of the Middle Atlantic Stiites 1 Will not the Southern business, if it
Comp ny, or ^.ny other company, may build through the TerriTexas
Pacific
a fair chance, sro ovev the Southern route, no matter who builds it or who tories to connect with the Southern Pacific, and have for the part of its road
runs it 1 Can that business ever be forced northerly to Omaha I Coming so con-tructed the rights lureia given to that corporation.
from the Occident, how can tr.ansportation eUmb the Sierras via that city
Sections 5, and 8 are too long to state in this repoit, but we respectfully
to be distributed in Georgia. Florida and South Carolina when there is ask clo^e attention to the cautiuus and onerous nature of thtir conditions and
communication alond the thu-ty-second parallel ! How. then, can there safeguards f<ir the protection of the public and of the private citizen. All the
ever be any comiwtition by tlie Union and Central Pacific for the busi- provisions of this nature found in the bill of Mr. Money, which were advocated
ness of these Southern States ?
^
^,
.u^
, „,
by the Southern Pacific Railroad before the committee, are here preserved;
There misht be competition which would mure to the benefit of Phila- a^^o every provision of this nature for Governmentid supervision and control
delphia and Xew Y'ork, but just as soon as the Middle and Southern of fares and freights, to secure an open highway so far as practicable, and a
portions of the country are reached, the Pennsylvania Centriil, owiiiug competing line along the thirty-second parallel, the first use of the road to the
and rimuinir this whole Southern route, will control all the coiumerce of Government for postal and military tuirposes, connections, pro-rating, preventhe South alouK the thirty-second parallel, from the Atlantic to tlie tion of combinations, itc. &c which are proposed in the bill of tlie Texas
Pacific. Is not the fact apparent that one owner controlling a through Pjcific Company, in consid ration of ^-ibniy and tant gra'>t, are, in the very
line the easterly half of which runs through the Middle aud border language emph'ved in that hill, incorporated into th'S, with other provisions
States, and tlie westerly halt of which curving southerly holds the com- deemed essential to the put)lic good, and this without any grant to the Communications of the South Atlantic and Gulf States of the Low-cr Missis- pany but the naked right of way above slated.
sippi Valley, of Texas, aud the far Southwest, is infinitely more dangerSection 7 sav.s all rights, if any, of the Texas Pacific in Califv-rnia derived
ous to the countrj-, and to the South especially, which must use Southern from that State.
routes in any event, than two owners, one in California and one in PhilaSectiiiU 9 gives right of way through military reservations, and requires the
delphia, who are sutlieiently hostile to hold each other in check under company to furnish suitable stations and accommodations fur use of the
the superintendence of the law? But the bill of the majority simply Government.
locates .another Omaha on the Lower Mississippi, aud demands that tlie
Section 11 reserves expressly full powers to compel compliance with the
Texas & Pacitic Company shall thus be to the South all they charge that provisions of the bill in the most eft ctual manner ptiesible. The^e restrictions
the Union and Central Pacitic combiued are to the country.
and reservations are more comprehensire and explicit than are contained In
We talk of the OH(Ws to the Pacific; but we must remenilier that the any otlier ra Iroad charter to our know ledge.
main channels of business are controlled by then' ownership and location
The Whole tection is a»Jfollows:
on the Atlantic as well as the Pacific, and the time is not far distant
Sec. 11. Nctwlthstandiug the rights at:d franchises herein granted to the
when the suriiassing development of our Western and Southwestern Sonihern Pacific Rai road, Congress reserves the power to authorize the conpossessions will require and secure not one, but many tracks, which may struction of other independent and competing lines of railroad and telegraph,
be laid along lines already surveyed, or may debouch through new along or near the thirty-second parallel of North latitude or any part theieof,
passes, which the surveyor is sure to find aud the engineer to subdue, from the westerly boundary of the State of Texas to San Diego, or other port
upon our Western shores.
on the P, cific coast in California, whenever ihe public good shall require, and
This certainty of the future is provided for by the final section of our espec'ally whenever it shall be deemed necessary by Congress iu order to
secure or preserve to the country ihe benefit of a trans-continental and comhill.
As bearing upon the .alleged desire of the Southern and Centaal Pacific peting line between the Mississippi Valley aud the Pacfic Ocean along theKairoads to monopolize the commercial outlets of the Pacific coast, it said parallel.
And Congress hereby expressly re-erves the same powers to regulate and
should be stated that it was showm before the committee that in 1873,
when both those corporations were under substantially the s.ame control control rates uf transportation and telegraph charges, connections, and running
as now, the Southern Pacific sold its entire franchise and property to arrangements, and ail powers uf every descripiinu over the existence, operaColonel Thomas A. Scott, of Philadelphia, in the interest of this same tion and management of said Southern Pacitic Railtoad, between the points
Texas & Pacific Company, including the whole route to San Francisco, above mentontd, as were by law reserved over the Texas Pf.cific Railrtad
and his failure to keep the control alone prevented the consoUdation of Company by the United States, or which may be necessary for the pulilic good;,
that corporation with the line to San I'l'anclsco. After this it seems and Coui;res6, having just regard to vested rights, shall a ter, amend aud
strange that the Southern Pacific should expend so many millions in repeal .he charter thereof, and this act, as the public good ehall require.
building its road through a desert merely to prevent the construction of
SOtTTHERN PACIFIC COMPANY BUILD THE ROAD H"
the Texas A Pacific I^ines. One would imagine that the expenditure of a CAN AND WILL THE
PERMITTED ?
tithe of that money would have purchased the Texas tt Pacific franchise,
The Southern Padfic Railroad desires the land grant through the Territories,
and exploded the whole project of a Southern road ahmg the thirtj-secoiid
The Middle and
latitude of
Soiitlicrn line mis'at
New York and Pliiladelpliia,
'1
f)
,
i
.
but being notified tluit we are unwilllijg to su(iport a less ^tringent bill, has
arallel for years.
declared its purpose to proceed to build the road as soon as it shall bicome a
It is also worthy of notice that in the last Congress the Texas & Pacific
Conipanj' entered into an arrangement with the Southern Pacific by law. We are not willing to recommend the appropriation of either land or
which the former was to build and own easterly, and the latter to biiil'd money to secure the construction of this road by the Southern Pacific Comaud own westerly, meeting at the Rio Grande. Is there, then, either sense pany, bicau^eits credit is unassailable, its bonds now sellingat nearly par; and
or sinceiit y in this praise of competition and dennneiatioii of combination especially do we think it uncalled for when au actual neceesity, amounting to
compulsion, exists that it should bnild the road aud form those Eistern conall for the public good ?
The truth is that a subsidy is of more consciinence than the railroadto nectnns which are essential to its continual life; unle s Congress decides to
ney to secure what can be ju;t as well had, with as much
wliile
those
who
will
have
those who ask for it,
to
to pay for both, the give both land anu
or m.re certan'y of rroraoiing the public good, witliout pnbhc exper;se.
railroad is the principal thing.
nnlilic, it tasbcen ihaiged that the Southern Pacific
views
were
made
Since
our
GRANTS
THK FOliFEITUIiE OF LAND
IN THE TF.IiRITOKIES.
Upon the question of the pow-er of Congress to declare the rights of the would never bnild the road under a charter »> restr.ct ve and stringent; that it
this
legislation as an obstacle to others at the west,
would
oiilv
use
could
and
derived
from
the
United
Texas & Pacific Company
States West of the
Rio Grande to be forfeited ^^y rcastni of its default and breach of the just as the Texas & Pacific Ccmiiany is usei at the east end of the pre posed
achievements of this c^rprration in the conhistory
aud
when
the
rou'e.
But
conditions ujion which tlay were granted and revested in the nation itis
contended by that coriKuaticni that, without its consent, no such action struction of UO miles of far more dlfticult and expensive joat in Ca'ifornia,
ot
securing;
a soutlieasterly connection with ths Golf
purpose
t/ie
e.rpr(ss
for
of
the road can be taken until tlie
or measures to secure the completion
now
expiration of the full ten years allowed fertile construction of tlic entire and Atlantic States, Its present credit, and its corps 1 1 trained builders
of materiels awaiting this ejislation,
accumulations
its
idling
their
time,
away
road. We cannot discuss the legal <inestioii it there is one, in this report,
bkely
tO'
other
road
is
but it appears to us that a simple perusal of the law above cited in view and the ne«s-!/y that it must build or die before any
House and
of the facts stated, which are not denied, must he a suificient reply to reach it,— when all these ci>cumstanccB ore fully c uisidered by the
interests
declaration
of
tho>e
whose
that
the
by the conn ry, we are confident
this iiosition. It cannot be that Congress ha.s given any corporation the
into a railn ad sui sidy
right to barricade this great enterprise for 10 years at will. Least of all are in the direction of convertii g the pub ic Trea-ury
in guod faith and will never build
can it be that such wrong is perpetrated in a charter, which, by its own fund that the Southern Pacific is not acting
the
rofid is inspired only by the fear that if afforded the opportuniiy that corterms, may in any event, be altered, amended and reiiealed whenever the
poration certainly will build it t once, and thus for ever end ihese raids upon
public good requires.
the pretense of
That'charter was given, to secure the completion of the road, not to the Treasury in the interest of private associations under
prevent it, and any construction of its language which defeats its pur- promoting the public good.
CONCLUSION.
pose Is legally false.
We submit that it will work great wrong to the Southern Pacific Railroad
I'ROVISIOXS OF THE JirNORITY EILI..
oration, to the great Sonih and Southwest, ard to the whole country, to
Influenced by these considerations, and others which cannot now be cori
reject this hill and to enact the bill recommended by the majority of the comstated with desirable brevity, we beg leave to report the accompanying
mittee in the interest of the Texas & Pacific Company, or to reject this bill
hill, as a subsitute for the bill reiiorted by the majority, and recommend
noder any circumstances. This measure does not antagonize, nor did the
ts passage.
Southein Pacific Railroad antagonize before us, any railroad project, branch or
It is proper to say that the bill is substantially the same as that introconnectian east o! the Rio Grande. It simply asks to buHd eOO miles of railduced by Mr. Blair, on the 25th day of Februar.\', being House bill Xo. road half way from the Colorado to Fort Worth, the present westerly terminna
3,520, with an amendment extending the time of the Texas it Pacific of the Texas & Pacific Companj-, and SO additional m les iu California, to coniCompany two years, making six years within which to build its road to plete the San Difgo connection, without any public aid and snliji^ct to all
El Paso, provided it is not sooner met in the State of Texas by the Soittli- reasonable restrictions in the public interest. True, it desires the laud grant,
eni Pacific, building easterly. See the second section of the bill.
but we do not recommend it, because we believe that this corporation will
Its provisions may be epitomized as follows
bnild the road without.
After reciting the failure of the Texas <fc Pacific Company to perforin
^h<lu:d the reoresentatives cf that portion of the cour try chiefly to bo benatheeonditionsof its organic act, and amendments thereto, and allegiu!.' fltted, not by the subsidy, but by the road, defeat this measure, it is difticult
in section 1 that the occasion has»ariseu in which Congress may "anil
for us to see how they can reaso:iably expect he rest f the couitry to consent
should assert the power expressly reserved, as above stated, to adopt to burden tlie taxpayer and embarrass our pol cy with the most dangerous
such measures as it mijrht deem necessary and proper to secure the precedent, wh'ch would exhaust the Treasury with hundreds tf tubsidies
speedy completion of said railroad, in section 2 the hill jirovides that the throughout the iinlimited future of the nation.
Southern Pacific Railroad may extend its line of railroad and telegraph
It would seem impossible for any man to justify himself to his constituency
from the present tenninus to the easterly bank of the Rio Grande, there and to his country at large in a course whicli depletes the Treasury when all
to coimect -with the ccuistructed road of the Texas Pacific or any other that is desired is attainable without expense to the people.
road in the State of Texas which shall have arrived at th.at point, and
Profoundly desirous as we are for tlie tpeedy completion of thl.-i great enterthat upon the iiasFagc of the Act all the rights fonnciiy confernd upon prise, and believing that we recommend the only practicable or justifiable:
the Texas Pacific Couipaay westerly of the Rio Grande, shall be deemed lesislation ni.on the subject, we respectfully recommend Ihe pas«aL'e of this
to have lapsed and terniiiiated as to said Comjiain-, and to be revested in bill
.1. K. LUTTRKLL,
the United Stated for the purjioses of this Act. The bill does not underG. M. LANDERS.
take to interfere with the rights, if any, acquired by the Texas & Pacific
HENRY W. BL.^IR.
from
the
of
California.
report.
"ompany
State
We concur substantially in the concluaions of this
W. W. RICE.
Section 3 confers the right of way througli the territories in eonimon
ABRAM •;. HEWITT.
form, 200 feet wide on elf lier side, with an aggregate amount of land,
not exceeding (uie section in five, for depots and other necessary uses of
the road, and that the United States sliall extinguish any Indian titles,
as usual in such jmiuts. Probably, however, there an; none which would
VIEWS OP MESSRS. LUTTRELL AND BLAIR.
be Interfered with.
The undersigned, of the sub-commiltee to whom were referred House blll»
Stciioii 4 jirovuies that the Southern Pscific Pailroad chall comnifnce its
rond within oreyear after the passage of the act, and within onf ye-r there- Nos. 1,919, S,nS, 1,964, 8,031 and 3,573, report that we have had the same under
afUT shall conip eie 100 miles, at d not less than 50 nii'cs yearly, nnd sh.ll consideration, and, while differing with the majority, we are as sensible to the
complete the who i to the Itio Grande, rind fhaU aUo or'ci'd its !tn', to San
parallel I'aciflc
Diego (wiihin Ik' miles f which city it i.» now in operatit n, and is being advantages to follow the speedy completion of the thirty-second
pushed hlorg tome 15 miles niniual'y), within six years after the pas;;nse of Railroad, iu the way of encouragement to trade, manufactures and miningthis act. being an avcai-e of ll.** nidts per year.
throughout the country; in the development of the population and indnstries
Upon failure to comp etefftcA V""', ''S in the section provided. Conaress
mhy .mmediutily takti any meafciires u fba'l (hem necesfa'yfor the comple- of the Southwest Territory; in the military protection of our frontier, and ia
Ucn of the road; thuscLablng Congress, if It ehould become desirable, to the economies to the administration of the Government, as the majority of i!8
—
m
;
'
i
<
—
MARon
THK (;HR()NICLR
30, 1878.]
memlxT^ cnn
be,
and
km on dodront
to the mcniift to be employed.
Two propoilllonn are before a«
to iiromote that object.
looUoe
We differ uuly ai
Oneof them,
to that end.
the T.
xm
land Kraut from the United Slates, imoiinlliiB to
& I'ncinc, seeks to retain
IH.Hii.iKK) acres, toolita!ii Iwo ytars' additional time, and a fpoclal anl extraordliiiirj i:rautof the c v<llt of the uatlon lu the form of an eudorsamcnt upon
Its
fif,::'
i.(
W of
the couipjuy'a bond;, pledging it to Ibe
payment of
i p«r cent
319
•tock.ralicr because horses are nocesaary In war. The United Stale* baa
power to regulate foreign commerce an I commerce between lbs Slates, but It
it m<y Indorse the notea of a •blpbnllder or merchant
by way of stlmuiallng and encouraging busino-s
be undersigned Is un ible
to perceive any diallnction In principle between there cases and the demand
of the projertors of lb 8 railroad for a loan of Ike Government credit, lo the
extent of maty millions, with which to prosecute a private specula ion.
Presidinl .Jackson, in his veto message of the Mayavllle Kond Bill, dlecns-eU the power in question and denied the right of Conirrcss to ihe
doe* not follow that
'i
premises v.ilhout a previous amendment lo the Conslllution Lianiing tbe
power, which. In his opinion, was clearly reserved by Ihe Inflrnmaht as It
stord and now stands In respect lo this power. President Polk held the
aamj views, ond devotid a large part of his lest annual nics-ace to ihls grave
easttriitd
ques ion, then jll^l beglnnlnz to assume dangeions proportions The weight
or fiirtluT ostislaDCO than the contl{;ttou$ grant of lauda now at the disposal of
uf authority In favor of ih; views of Prejidens .Ijckson and Polk Is overfori.-v.-s.
whelming. Among the statesmen of the earlier days of the Republic there
Whii li of the^e two propositions, as guardians of the public Interests, can we was little or no difl'crence of opinion. I content mvself wlih the naked atatement f the hittorical truth, and I will not burden these pages with the bright
adopts Which of these two candidates, as practical business men, ought we array
of mimes, from .Iiffeison down, which might bo brought to its support.
to intrust with tills undertaking? We should select the proposition most favThe railway co.npany which asks for this enormous appropriation of credit
orable lo the good of the people. It would seem that by the charter the grant presents no claim upon Iho public which entitles It lo exemption from tbe
general lule.^l'ho cnlerprise Is es.'entia ly a private one, and Ihe company has
of laud nloDg this thirty-second parallel line In the Territories was made double
already 'ecclved from Ine United Stales and tt.e State of Texas a safflcient
that of the pioneer line by the torty-llrst parallel, as if In lien of future aid in
basis of credit lo have built the road, had its asset" been prudently mana^'ed.
The undersigned is not unmindful of Ihe fact that at a later period a dlfmoney or credit. This purpose again appears in the amendment of 1^;^,
which further lightened the burdens and enlarged the privileges of the Texas fereni rule of construction prevailed from that which prevailed lu the earlier
days of the Rep.,biic, ocd which Is now here Insisted upon.
& PaciUc CompjBy, and which were granted npon the express condition
DA>OEU op SUBSIDIES.
Undeleg .ted power is nccessirily unregulated and nnrestralned. Power
•'That nothing In this act shall be so constrned as to authorize the grant of
usurped never was and novir wlil be honestly administered.
addttion.il lands or sul>sldv, of any nature or kind whatsoever, on the Gc»vernWhen we passed the limits of constitutional power we invited venality,
mcut of the lulled States."
Both the act and Its -tuiendments required as a condltiou precedent that the orrnption a\d all the perils of cDriomte greed wi'h which the country
work should be t>ro-ecute^l simullanously from the eastt-rn and wes'.e u uniter the later tOBStructiin has beionie unhappily familiar. First, as if by
termii'i.
By Ih act of 1-7:2 there were required to be comu'eted not less than stealth ana indirection, gifts and grants tf 11. e public property were made
through the tales; then directly to private corporations; aud finally, under
601 miles of the main Hie in Texas and r.ot less than 110 miles in California by
May 2. I6TS, whereas, in fact, less thin 8J0 miles of the ma n line have been the uecessities. real or supposed, of civil war, subsidies assumca the objecconipU ti'd westerly from the .Mar.-h dl terminus in Texas, and not one mile, or tioiiab e form proposed In the pendinj? hill.
I ne under.-lgnod would remind the Ilouse
even a l>ol from ban Die^o easterly. There has been a marked failure on the
that this later rule of construction o.ly obtained a footing al a period when American statesmanship had
part of Ihecmpany to comply witli f e term^ on which the lands and frangrown
restive unuer constitutional restraints, which are still believed to be
chises were grant d. Tnis contingency of failure wa«. Ijy the caution of Conessential and indispt usable 10 the protection and well-being of the people;
gre«« l'rre<eenand provided for In botli acts by a proviso that—
and when rules of construction obtained a footing which finally wrecked na
p >ii ftdlure to so complete It Conirress may adopt such measures as it
iu civil war, we should retrace our steps and return to '.he doctrines and the
111 ;;
':r,Tn necessary and pro[)er to secure its ^peedy completion."
practices of tlie faihet 8. In iliis the people have preceded us, and ihisHouse
'i tie i.Kt of such failure is obvious by its appearance here for further aid and
lias, i.y solemn resolution, condemned ihe furthir grant or renewal of subsiindi
nee, and it thereby confesses inability lo proceed with the construction
dies iu any form. 1 he lands already granted exceed 200.030.0)0 of acres, a
and to niakegord its delinqumcies.
He the sam act of charter the Southern Pacillc was authorized to construct guaniiy in aria and acres equal to me teven great Stales or Ohio, Kentucky,
'i'ei.nessee,
Indiana, Illinois, Wisconsin and Iowa, equal to Ihe original thirS'lni'' ;:
miles of io:i(l in Californa to connec" this thirty-second parallel road
teen stales, it' we exclude West Virgluii. Ihe money subsidies already
vMtii niic previously authorized, extending to San Francisco, at the rate of 5
mi.e> ptr annum. Ir ap;uars l>y the record that it ha^ completed that portion granted, guar.aniced. loaued or siveu, which in Pacific Railroad legislation
within Itie seven years allotted, notwithstanding llie "real physical obstruct- have h Iherto proved to be equivalent terms, used us a sinking lund, would
ions ond the hardness of the times, and has over TOtj miles of road In operation liquidate more than $1180,' 00.000 of the publx debt.
1 he properly oul of which Ibis 1,400 miles of railway, to be owned by priwith branch roads, and termini at 8(aiK)its in Southern Calirornia. in rail c«mmmileailon with San Francisco, while its e.isteru terminus is on the eastern vate liidivld-ials, is to b constructed Is wholly the creature of the Government. The shareholders contribute no part of it under the provisions of this
bank of the Hio Coior.id in Arizona.
bill,
ir this road is a matter of suflicient national concern to be built by tbe
In this attitude of affairs It represents that it would he a great hard.ship to be
Government, It is submiiled that the Government, and not the railroad comcompelled to wait indednitely npon a disabled company for a c mnecling roa I
pany, should own it. The present value of the $3S,75O,O0O of firty-year bonds,
fr.im tiie K-jst, and asks of us iho privilege of continuing Its road eastward
wer» the principal a'so guaranteed by the Government, wouidf not exceed
throi:_'h ihe Territories to the Itio CJrande. audas much further as may be nec$.3.(100,000.
In their proposed form, were the interest-guaranty of the Govessary to meet the Texas roads, within six years. Such is the desire for an
ernineui detached, the bonds would be absolutely worthless.
outlet to the E»st, which shdl admit it to participation in through ovennnd
1 he j41 ml ea of constructed road is not Included in the proposed mortgage
tratllc. that it offers th.it if its reqnest be granted to construct aline to San
Dic'" Il.ubor lit addition lo its present oceau termini, and to pio-rate on lo mdimnify the GjyerBment for its gnaran.y. The land grant of the Siaie
of Texas, which constituted Ihe most valuable of the securities heretofore
throi::;ii lin-incss with all Kaslernconneclioas to San Francisco or other points,
and
allow Congress to impose the rales and fares on the line between its offered by the Texas Jt Pacillc Railr.)ad (.'oinpany to the Government, as
eastern and western termini at Pacific ports, although asking no aid of the mden.uiiy for its guaranty, has lapsed ai.d is not included in the proposed
United Stiles which it is not its advantage for Congre-s lo grant. This is mortgage for iudeinnlly under ihi< bill. The lauds heretofore granted to the
ralier more that it is within the power of ;he other compa.iy lo offer. No good company by C njrcss, situate in the Territories of New Mexico and Arizona
and the Stale of C'aiifornia, are believed to afford the Government no snbanil nv.'.ffnc ory reason is found why this proposition should not be promptly
8;aulial indemnity for its guaranty; the area or tillable or available agriculand c'l orfniiy accepted.
Were we administering our o\>'n private busincss.couid we fofa m-ment hesi- tural lands is inconsiderable the whole proceeds are liahle lo be coi.sumed
In llieir survey and sale. If railroad history repeals itself, the bondholders
tate between these offers^ one of which, besides being an undeserved favor.
w.ll forecioseany claim cf ihe Goveriimeui ivhen the bonds are paj'ab e. The
Involves gr.ve responsibiluies, dangerous precedent an great risks, while the
other avoids all commitments, all donbtfiil policy, and insures al its proffered only real Udemuity, therefore, wl icli the Government obtains for lis guaranty i- fouiid in its right t ) letain ihe price anu co..^t of carrying its mails,
benellts within the same time, without the risk of a dollar of the people's
money or creilil? We conceive ive are not here as the aim mers of ihe bounty uoops and supplies over, not the Texas & Pacific Rallroiii], but over thai
of the (Jovernment lo Its citizens or corporations, but as guardians f the pub- pan of it to be built upon its ('he Government's) own credit. The local or
lic iveifiire and trustees of Us propertyjand credit of the nation, sworn to obey
way carrying on the road to be construclea wen of Fort Worth lo bo i aid for
the C'on.-^tituiion and protect tha best Interests of the pei pie. and in this view by the Government must long be mccusiderable, while through carrying wi.l
we cannot co icnr in the report of th„' majority, which proposes logra t a sub- be dtvieed betwen'j this and other roads a-..d raiich^".
sidy or Kuaran'. V of $:J8,T51MJ<I0 of the people's money or credit to a corporal on.
The history of Paciac Railroad legislation, and ihe practices under it, does
We are opposed to grautlig Government aid'in money.'honds. lands or public net justify me expectation of net earnings which will icure lo the benefit of
credit to any corporation, but ©f the two propo-iti >ns* before us we prefer ihe
the Governmeiit in compensatiou for its guarjinty or othf-rwise. That the
<•"« that will save to the Government and the taxpayina pr-ople nenrlv t:4.X0D0,road might be so couetrucied and so operated ns in a considerable degree to
"<»
save the Government harm in its <.u raulee is possible; 'b.t it will not be
J. K. LUTTUilLL.
I concur snbstanthlly in thl- report.
so c^nstruct-d or operated, our exp •lenee abundantly roves. We have foster, d by lavish gtanis from the put.l'c Tr.asury a number of corporations,
IlEXRY W. BL.\IR,
w. ich, in return for our ill-considered bounty, have oppressed the people and
g-own so strong as to defy the G jverument, t r so rich as lo corrupt its offiANTI-SUBSIDY VIEWS OP MR. MORRISON.
cers. Tbe proof is abundant that digress it^clf has failed to withstand the
Tl^s Texas
c iruptinx iiifluenc-'S of the g eat corporations It has created. There is
Pacillc Ral'road Company se k to obtain the guaranty of the
ni
hing iu the h story of tlie Texas and i-aciflc Railroad Comniny which juaTTnited Stale* f r the payir.ent of the interest on f'iS 73 ',0C0 of 5D year 5 per
t:fi s ihe conclu.-lon [bat its methocs. tnd practices will be different fiom the
cent bord-, to be issued by said railroad company, and used by it in bnllding m..lbods and piactices of its predecessors.
and extending its railro d from F^rt Vorth, in Texas, lo the Pac'flc Ocean at
RECORD OF TIIE DCUOCIlAriC PARTY.
The nndereigned is not unmia fui of the commercial importance and
S»n Diego, in Caiifoinia. The road to be constructed is 1.400 miles in length
special advantages cf the proposid road as a trans-continental ^r^illway, and
;
the botda lobe issued amoaut to t2r,678 per mile; aud the interest guaran- conenrs in Ihe belief expres:ed hy the miijorlty of ihe committee Ihat, " tint
teed lo be paid by the Unlled States, used as a sinking fund and invested in for our unft»riunate civil disturbances, there can ne little doubt that the first
Government b inds boarii g the same rale of interest, would pay $100,000,000 trans-con iiienlat line."of railway cntistrueted would have been on or near the
Ihirty-.-ecnd paialle
But it is submitt- d hat this belief affiids no suffiOf the public debt.
cient justification for the guaranty and subsidy asked. For were it conceded,
not,
this
that
en'erpr
sj is essen I illy of the S ml hern character with
Has Congress the power to anthorlzn the covet- d guaranty ? If it has, then as It 18
power has bet n conferred upon Congress to make gifts of the public moneys which it is atleniiiled lo be stainp-i . no reason can be bul r upo.i that fact
not
be
urged
equal fore.; ae a reasiin why the Government
may
with
wliich
atdpuM.c property lo private corpora ions and individuals, lias any such should equalize between Ihe lately-contending sections all Ihe losses resnltpow<r been granted by the Constitution, or is it necessary to Ihe execution ing from "onr uiifortuni,te civil disturbauies."
rhe statement of the maj ,riiy Ihat the Government of the Unlt-^d Slate«. In
of any power that is granted?
view of the quantity of lands giv^ii to it by Southern States, has been unjust
This railr.iad, when built, will b? the private property of the fhareho'ders
to Ihe S uih In Ihe bestowal of bounties, is.bei'eved lo find ils refn alien in
It will be a military and a post road in the same sense, and
the ch 'racier ol the men who before the war represented that sectio'^. They
to the same extent,
and none other, that all other railroads of the country over which the Govern- were loo sensitive as lo the 'igbts of their section to be satisfied with less
than what was r ghtful y theirs. The nndere'gned Is not advised as lo bow
ment n ay transport its malls, troops, or supplies for reasonable compensa- the Texas and P.iciilc Kaliroad Company acquired the franchise and light of
tion, are military and
post roads. It is submitted that Ihe power has not wav bv wh'ch it Is aulboriz-jd to construct its railroad from Fort Worth to
keen conferred npon C.ngrcss to make the United States a partner In such an El iPosa In the S ale of I'tias, whether by graiit frem Ihe Stale of Texas or
by purchase from cr conso.ldailon with the Memphis El Paso &, Pacific
enterprise by subicriplion to Its capital ftock
or, more, to authorize the conRauroad Company, under the fonr.h section of tbe act of March 3, 18SI,
atrucllon of the road out of the resources of the people to be made a gift to
entitled, " An a;i t > Incorp >rate the Texas Pacific Railroad Company and to
aid in the coustrncllon of its road and for other pnrpcses."
the railroad company.
lu the c»ee ol Davis vs. Gr..y, lli Wallace, p. S'lS, United Slates Supreme
Court decided that the Memphis El Paso St, Pacific was a surviving rorporaPOWKB OF COSOnESS DOITBTPtn..
ilon with all lis property In possession, and all Its facutties nnlnipalrod.
The attempt to deiivc such power— the power to build and give away a rail This franchise and right of way tbe company proposes to mortgage to indemroad— from the power to eitabtUh military and pist roads I", In the opinion of nify the Government for its (naranty. It becomes a material fact, therethe nnderslgned, an attemj^t to pervert the obvious purpjse of a power in- fore, to know If it was ever acquired In either of tbe modes enegested, or
and whether It has been forfeited or lost with the Texas load
tended for the public good to private ends. The United Slates Is bound to otherwise,
grunt. The undersign, d expres sea no opinion upon this question, wbich waa
provide for the gmeril defense, but It does not follow that It may cor. not considered by the committee, but aabnita that dne regard tor the interests of the G overnraeot c'einands tha' before any guaranlj la made baaed In
struct or operate a railroad for the exi losive benefit of a private corporation
mortgage of Ihe said franchise and rteht of way, the Hou'e ahonld
becau'c it may nUiraately and in some possible contingency want to use It part on a
be informed at.d advised as to the titl« to what Is propesel to be mnrtraced
for a miliary purpose, any more than it may go into partnerihip w.tha
'WlLUAM R. MORRISON.
RespicUuily submitted,
gold
liiiorest for
The
50 years.
a^ksonly onr sanction to continue Its rond
across the Territories within the sii!»e time, bat without any other
other, the Sonlliera PaclUc,
<
.;
I
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•
i
i
1
•
M
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i
i
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i
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—
,
.
THE CHRONICLE.
320
i;i)c
O O T T O N.
Commercial ®tmes.
Friday,
The Movkmknt of thb Crop,
COMMERCIAL EPITOME.
General trade
character of the European advicea has stimulated export business
in breadetuffs, and caused some recovery in values of flour and
wheat. The provision market baa also felt a slip-'it impulse,
while cotton has been correspondingly depressed. Kir.y iu the
week the weather was quite wintry, but at the close it i< springIt was feared that the frost and snow of Sunday and
like again.
Monday had done much injury to the fruit crops iu the Middle
To-day, the Produce
States, but nothing serious is reported.
for
most
articles of breadstufiFs
P.
March
M.,
29, 1878.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (March 29), the total receipts have reached 65,470
bales, against 75,723 bales last week, 83,264 bales the previous
week, and 9 1,947 bales three weeks since, making the total re-
Bridat Night. March 29, 18T8.
presents few new features. The more warlike
Exchange was buoyant
XXVL
Vol.
ceipts since the Ist of
D,
Stjptember, 1877, 3,895,4")8 bales, against
same period
ul,049 bales for the
since Sept.
for this
1,
week
of 1876-7,
The
1877, of 16i,419 bales.
and
(as per telegraph)
week
Receipts this
at
ISIS.
weeks
for the corresponding
of five previous years are as follows
and pro-
showing an increase
details of the receipts
:
1817.
1876.
187
1874.
lSi3.
I
I
visions.
—
Pork has been without much change mess selling on the spot
held
at |10 10@10 25, and for June delivery at $10 30@10 35
more firmly at the close. Lard has been active, and latterly
advanced, prime Western steam closing to-day at $7 5'3i, spot
and April, |7 60 for May, and |7 67^ (or June. Bacon closes firmer
Western long clear, on the spot, 5 5-16e. Cutmeats
but quiet
are also doing rather better. Beef ia in better export demand
and firm. Beef hams have a steady sale at full prices. Butter
has been drooping for medium qualities. Cheese has declined to
12@13c. for good to prime factories. Tallow has been dull aud
Stearine held at 7Jc. for
closes somewliat unsettled at 7|@7ic.
New
Orleans
Mobile
Cbarlestoa
;
*c
&c
Port Royal,
Savannah.
GalreetOD
;
[ndlanola, Ac
Penness'^e, &c
a comparative summary
to March 23, inclusive
1
Total this week
Increase,
Decreaee.
331, 00
i)9,DlJ,4J9
The exports
378
3.219
3,843
4,13i
1,770
S,9a7
4,2371
15
33
13,511
3,794
2ii
5,771
5,300
4,363
14)
318
3tl9
6,481
4,441
7,219
61
81
US
64
1,538
2,207
;,095
543
7,366
7,333
7,650
7,349
331
324
19,913
38,531
59,922
4?,637
.3,643
436'
30,397
i
775
3,893,458'3,73I,P49 3,757,«6 3,194,9J7|3,4!1,161 3,059,435
1...
week ending
for the
this evening reach a total of
which 71,032 were
of
bales,
made up
evening are now 631,970 bales.
this
week
loxes.
19,121
37,06J
31,561
14,630
27,733
9,690
4,728
6,534
8,784
7,461
Bags.
43.!420
the
are
of last season:
Kxportod to
March
New
this
Same
week
week.
1877.
Total
Week.ending
Qreat
ContiFrance
Britain.
nent.
-29.
Orleans*...
Stock.
1878.
18-.7
33,018
3,037
33,03;
16,923
3711,739
348. 69S
MoMle
4,83>i
2,154
6,989
9.354
38,C93
52,584
Charleston
3.;
69
8,475
13.844
3,983
30,709
33,560
Savannah, &c. ..
Qalvestont
4,3D7
3,300
9,0J4
1,616.
45,;62
28,a7«
9,693
4,170
13.862
7,008
41,007
13,123
236
13,354
3,31-,'
153,061
New York
Norfolk.
Other ports
1,577
3,8;o
3,820
60
9,393
71.003
1,377
31,413
93,991
Total since Sept. l!t,653,15i
4-27,1.88
.373,767
2,656,413
9.54!
t
Total this week.
3,566
47.692
!;
0,204
19,809
11,063
44,000
38,000
45,633 G31,<r0 719,46S
',3,4.33,549
I
JVew Orteant.—OnT telegram lo-uiglil from New Orleans snows that (oeslaes
above exporlBJ the amount of cotton on uliiphoard and ensftKetl for shipment at
that port is asfollows: For Liverpool, 59,750 imle^: for Havre. 14.rjU0 bales; lor
the Continent. 17,750 bales; for coastwise ports, 2,01:0 bales; wliicli, 11 tleductetl from
the stock, would leave 176,750 bale--", representing the quantity at the landing and in
presses unsold orawairlng orders.
t <^a^j«.sio?i.~Our Galveston telegt-ain shows (besides above exportsl on sninboard al th;a port, not cleared: For Liverpool, 10,;03 hale-*; lor other forelRn,
'2.680 bales; for coastwise ports. -2,'2i9 bales; which. If deducted from the etoc*
would leave remalnInK '25.105 bales.
t The exports this week under the head of "other po-ts" inelud,*. from Baltimore, 493 bales 'o Liverpool and 50 ba'es to Continent; from Boston, 6,417 bal';8
to Liverpool f om rhilade'phia, 'i,&:'Z bales to Liverpool.
"
:
Bhds.
Below
stocks and exports for the week, and also for the corresponding
Molasses is quite firm: boiling grades are in limited
and 50 test Cuba is strongly quoted at 35@30c.; New Orleans sells steadily at 22(a48c., the latter figures tor choice. Kefined sugars have been in demand and firm, standard crushed
being quoted at 10@104c. Raw grades have been rather qaiet,
but nevertheless very firm fair to good refining Cuba quoted at
7i@7Jc.
Melado.
198,711
191
1.7IS
210,4-23
],90:i
31.109
174,560
1,112
;
Ocean freight room has been, at times, in active request, both
Rates in some instances have
berth and chartering tonnage.
shown irregularity. Late engagements and charter.-* included
Liverpool,
steam,
by
Grain to
SJd.per 60 lbs.; flour, 23. 91.; proviflour, by sail, 2-i. 1^.; cotton,
sions, 228. 6d.@258.@303. per ton
7-32@15-64d grain to London, by steam, 7id.; hops, ^d.; grain,
by tail, Oid.; flour, Is. 10id.@33.@23. IJd.; grain to Bristol, by
sail, 7id.; do. to Antwerp, by steam, 8id.; do., by sail, 7@7fd.;
grain to Cork for orders, 5s. 5d.@53. 6d. per quarter; do. to
Havre, 4s. 9d.; do. to Cette, 53. 6d do. to Naples, 5->. Aid.; do. to
Marseilles for orders, 5s. 9d.; do. to Lisbon, M^c, gold, per bush
crude petroleum to Bremen, 33. 3d, per bll.; refined do., same voy-
It will be seen that, compared
with t^e corresponding week of last season, there is an increase
In the exports this week of 48,338 bales, while the stocks to-night
are 87,49s bales leas than they were at ibis time a year agf.
The following is our usual table showing *ae movement of cotton
•tall the ports from Sept. 1 to Mar. 23. the latest mail dates:
;
;
;
KXP0BTE3 3INCE
BBCIirTS
I
PORTS.
SSPT.
Other
Great :„
Prance
„ .^
,
;
age, 33; do. to Baltic, 3s. 9J.; do., in cases, to Salonica, 27c , gold ;
do. to Java, 82i@35c. naphtha to Exmouth, 4s.; roain to Stettin,
To-day, re.tes were higher and firm, with a fair business.
3s. 9d.
Grain to Liverpool, by steam, 6lirt;7d.; cotton, by sail, 7-33d ; peas
to London, by sail, 71td.; flour. 3s.@38. 1^1.(323. 3d.; grain to Antwerp, by fail, 7|@7i(l.; do. to Bremen, by sail, 7id.; do. to Hall,
by steam, 7i^a.; do. to Cork for order.-*, 53. 9d. per quarter ; do. to
Havre, 5s. 4id.; do. to New Castle, 5s. 3d.; refined petroleum to
Bremen, 3fl.; do. from Philadelphia to the Continent, Ss. 3d@3s. 6d.
There has been some movement in rosins for export, but without improvement to prices, couimon to good strained still being
quoted at $1 60@1 65. Spirits turpentine has sold only in a jobbing way, at the laie figures of 30J@31c. Petroleum has continued weak and declining, owing to similar advices from the
Creek and the almost entire absence of a satisfactory export
demand crude, in bulk, 7c.; refined, io bbls, at life, for prompt
American pig iron has continued quiet, but all holders
delivery.
retain late views with firmness ; No. 1 has sold to tlie extent of
500 tons at $19. In steel rails little has been done of late beyond
the sale of 4,000 tons, in lots, for delivery in the Eistern and
Western States, at $43 50@44. Ingot copper was still quiet, but
unchanged at 17o. Cloverseed in demand at 7j-.g7|c. per lb.
1
From the foregoing statement
:
;
2,893
269
3.779
to Great Britain, 1,577 to
France, and 31,413 to rest of the Continent, while the stocks as
370,804,505
figures.
receipt,
;
10,307
693
8,Si2
65,47oi
Total since Sept.
56.450,574
68.JiO,6il
There have been fair transactions effected in Rio grades of
coffee, and a generally firm tone prevails, though prices are
unmistakably low. Fair to prime cargoes quoted at 15|@17c.
gold. Siock here on the 27th inst., in first hands, 74,508 bags. In
mild grades, a moderately fair business has been reported.
Kice ha.s been fairly active in a jobbing way at late steady
March 1, 1878
Stock March 27, I87S
Stock March 2S, 1877
5,439
3,933
;
Sales fince
3,035!
843
10.
ISTS
4.559
&c
;
1.
1,3S7
1,835
;
Steok March 1, !878
EeceiplB since March
3,490
S,761
6,87o
The market for Kentucky tobacco has been less active for the
past week, and yet a fair business has been done, the sales
amounting to 709 hhds.,of which 100 were for borne consumption
and 600 for export. Prices are unchanged lugs quoted at 3@
Seed leaf has been very quiet, the sales
4ic., and leaf at 5i@12e.
being only 554 cases, asfollows: 279 cases, 1876 crop, New England, 7i@25c.,- 75 cases, 1876 crop, Pennsylvania, 6i@loe. 100
cases, 1870 crop, New York State, Big Flats, private terms, and 100
cases sundries, 5@l0c. Spanish toljacco has also been without
important movement sales 4.50 bales Havana at 80c., 87ic, and
$1
3,893
10,5.39
of aggregate exports
8l3,-;7J,-276
493,809, ?30
3,153!
North Carolina
Norfolk
93,991
Total, lbs
19,747
5,46i,
j
:
1876-77.
87,413,500
S7,03;,40O
300,«i3,etO
lii6,M3,080
Pork. Ihs
Bacon, &c., lbs
Lard, lbs
17,945
2,036;
35
-66
City Point,
is
25,451
5,246
Florida
prime.
The following
from November
14,290'
2-2,016.
1877.
N. Orleans.
Mobile
1876.
Britain
TO —
Coast-
wise
Total.
Sloc~
Ports.
forei'n
575,54'), 2. 9.976 2.38,389 1083,914
173.002
371,177
34,213
129,784
207,734
45,7-24
91,891
269,113
113,014
31,443
141,87?
34,794 n-),7d0
396,411
2,00,771
50,123
487,090
146,453
35,.974
10,:331
182,333
161,536
116,331
•28-3,216
4,732
31,63!
368,519
l,'3o5,18l 1,032,313
:«0,771
344,991
84,69?
30,874
Charlesl'n*
4i-2,eoi
450,393
110,40-i
66,816
Savannah
E4!,947
4
> 1, 4-3 J
Salveston*.
409,811
New York-
93,315
..
1
5-3,614
1.51,797
ia,7,u
30,081
N. Carolina
130,313
120,070
33,153
1,730
19,S90
54,823
73,236
3.179
Norfolk*..
Other ports
441,l:S
511,305
128,594]
1,075
3.92'i
13-3,39?
388.411
22,037
131,131
116,665
13,333
114,847
Tot. this yr.
3, 3.'7,938
1581,150 435,611 352,:J55 3!i6 2,432 1256,185
667,594
1,539 2387,886 1166,379
751,876
Florida
Tot. last yr.
I-?,731
131.509
3,700,6',2!l71H.7-23l:i67,574
.JO
39,50)
Included Port Koyal, ftc: under ihe nean oJ
ffa/5«sWnIslncludBdlndlauoia,&c.; under the head of Xcrfolt is Include:! 'Vy
Point &c.
These mail returns do not correspond precisely with the total of
•Under the head of CAariiMMn
Is
the telegraphic figures, because in preparing them it is alwnys
necessary to incorporate everv correction made at thw ports.
The market for cotton on the spot has been quiet during the
past week. Quotations were yesterday reduced l-16c. and again
today they were further reduced 1 16c, to lOic. :or middling up.
,
1
:
..
March
:
THE CHRONICLR
80. 1878.]
flit
Tlii< want of .spirit and depresaion is the
natiirnl conNniiifnc- of tlie iucre«!<iiigl}--tlirniitfning nntare of tlie
reports wiili irgard tn Great Britain and Kusnia, and the contin-
landu, nnd cl.iscd
ued large rewi t» at tliti Soutliern ports. For future delivery
thore was, townnls thcclofe, an im ortant decline. On Saturday,
Tueaday and Wedneaday, a strong effort was mide to support
raluea
but ycHierrfay ufternoon and this morning prices gave
way sharply. On Monday there were some indications of
demorali/.iition, l)ut ihey were overcome for the moment only to
become conHpiciious lat r on, whe the hope that peace would be
maintained between Oroat Dritain and Russia seemed to be genThe despondency was increased by the fact that
erally given up.
the rrctfii'ts ai the ports and at the interior towns of the South
have continued to be greatly in excess of corresponding d itej of
last season.
Some use was made of the " cold snap" on Sunday
;
i
and Monday to check the 'iecline, but it was generally felt that
it could have no serious eff^^ct upo:i the next crop.
The market
closed this afternoon, however, rather steadier, at a decline of
to 18 p intfi from yesierday for this crop and 1 to 7 points for
the next crop, and 16 to 31 points for ihe week. In tlie final
dealings, Mnrch and April, which have been nearly together,
pa ted ompany.
The total sales for forward delivery for the week are 273,400
bales, including
freeon board. For immediate delivery the total
ales foot up this week 4,020 bales, including 1,019 for export,
1,634 for consumption, 1,973 for speculation, and
in transit.
Of the above, 1,308 bales were to arrive. The following tables
show the official quotations and sales for each day of the past
week<
—
—
DPLANDS.
ALABAMA.
I
.
Oood
Strict
Low
B 13-16
'4
Oril'ry.
.Middling
Low UMlU'K
Btrlct
9 1-18
lb.
10l-l«
lOS-lC
MX
Middling
Good
.Mlddllnis
Strict
Uood Mlddl'K
8 1-16
8 13-16
8 1-16
8 13-16
>«
9!-;
8 1-16
8 13-16
Low
9
...
8 3-16
8 15-16
8
9H
9X
9«
»H
3-'.6
B 15-16
TueM Wed. Taea Wed.
a
12 9-16
9-16
7 15-16
8
a 11-16
fX
9X
9H
8 lJ-16
8 3-16
8 15-lC
9X
9H
8 3-16
9»
8
l^
9X
»H
11
a
H
U M6
,-I6 11X
15-16 12
--'6
IIX
11 11-16 11 :i-!6 11
12 3-16
12 3-16 12
U-16
11-16 11 11-16
8-16 |!2 3-16
12 11-111,12 11-16
8 1-16 "iS
S 18-16 8K
9 5-16
9X
9 5-16
9 13-16
I0i<
10 3-15
10 9-16
•-0H
10 15-16 lOK
5-H
IIM-
11
11 .-16
11 15-16
V.%
I2X
nx
9 13-16
9«
» 18-16
lOK
10,S
10 15-16
11
8-16
10 9-16
10
lOK
5-16
9-H IIX
Via
I2«
11
Frl.
MarJ!9.
8 I-IB
11^16
12 1-16
12 9-'B
I:: 7-11
!2K
8 15-16
9K
nx
IIX
8X
8M
7 15-16
8 11-16
9.^
27.
3-U
8 S-16
8 15-16
10 5-16
!0 5-16 10 5-16 10 5-16
10 11-16 10 11-16 10 11-11 :0 U-16
11
11
11
11
12 11-16 12
9 3-16
9 11-16 9«
10 1-16
lOii
IliH
.0 7-16
10 13-16 lOV
10 7-16
Mar
-Mar.J?. Mar.26. .Mar 27. Mar.26.
.26.
12 I -11)
12 9-16
Sat.
8 1-16
S l-'.6
a 13-16; 8 11-16
9 5-16
9 5-16
9 15-16| 9 '5-U
Low
Middling
Middling
I
MARKBT AND
Ex-
Closed.
1
port.
Qnlei, unch. quo..
.
w^.ftk.
Tuesday
.
unch. qu>
Dull, easier
.
Quiet, lower
91
....
50J
120
Woik, Uwor
Friday
100
200
Wednesday We-»k, unch. quo.
rtanraday
8 1-16
8 13-16
S
9 5-16
9 6-18
9K
9K
9 15-6 9 15-16
Toul
1.019
1
Con-
Spec- Tran-
sonip. ulat'n
111
451
19S
i
I
3J3
1.631
1,978
2.10
1
'
15-lK
11-16
3-16
13-16
Total.
Bales.
erle>.
592
653
889
30.000
29,100
44,100
45,900
i,sou
1.353
4:i,600
1,1110
893
80,200
1,300
4.626
"ra^Too
6.100
8011
hales.
eti.
bales.
cts.
H»
lO-ai
10-6;
10-65
SIS)
IW
W
11-611
100
1"-«1
800
lo-^a
Ij-jl
lOJ
"
400
'il«
.
.
1,200 .
509..
?!»::
100..
,
.,
21V...
400...
:00..,
510..
KKl...
4,«.U0,.
W-83
8,100..
1-80'.
7.900
10-36
I'XW
lC-.<7
3.00J
I9-8S
•2.100
1;>'!I9
600
200
lir9C
10-92
10- »3
1095
MW
TOO..
I1.-S6
1.50
900
800
)l.-7»
vw)
ic-7;
40J
K-K
1,100
i:-79
10-su
10-32
10-33
10-84
810
10- S«
toUl March.
For Anrll.
IXs.n. l-t..l0 65
ta^m
total
AprU-
For May.
I
300
iMO..
5.600..
3,700..
8,100..
4.500
8,300
600
910
400
810
2.100
4,100...
8,:00
900
800
600
i.VXl
2.100
10-72
lu-i3
10-7i
200
3.I1.IJ
It-H
8,200
7Cf
10-67
10-68
11-13
11-14
11-15
I,9«
U-H
2110
11-19
800
1-19
1-22
100
2.6»
.11-15
100
8)0
,
2,200
1,900
4,000
1090
S,0(lO
10-91
iO-ii,
10-SS
10-94
10-95
10-9!
10-97
lCi-99
10-99
11-00
1101
11-02
11-03
For Jane.
10-81
:0-82
;o-n
NOT-
For December.
1-72
H-7.1
10-7i
10-78
2U)
TOO
800
100
Aur-
800
lO-S*
l,tOO
«oo
403
IC-S,
lo-il
U-«J
1
2,100 total
l(,-77
Dec.
lo-;8
t!,-7«
4liO
lC-80
lc-8i
2,lll0
.lO-M
IW
10-78
10 79
100
1080
7,400 total
6J0
Jn ly-
lu-in
lO-tH
11-65
10-71
1,930
10-I»
....lO-M
..
.
2.50U total
100
8 pd. to exch. 2'.io May for June.
-4Jpd. to excti. lOiOct. for Aug.
-01 pd. to exch. 2M April for Mijrch.
The following
livery,
Oct.
-06
1
-14
•
i
show the closing
will
the wjek:
March to May.
June for AJgust.
pd. to exch. 1'
pd. to «xcb. lOJ
prices bid for futare de-
and the tone of the market, at three o'clock P. M. on the
named
several dates
XTDDLlKS 17FI.aXt>S— AVISIOAK OLASSIFIOATIOIt.
Sat.
Wed.
Thurs.
rn.
Mon.
Tues.
Market-- Eaiier.
March
Lower. Variable. Irrexular. Lower.
'arittble.
10-»3
lu-93
10-9J
lo->7
10-86
10 92
10-87
10-86
10-92
l'.-08
11-0!
11-09
11 11
10-94
11-iJl
11-1)9
August
10-91
10-92
11-00
11-09
11-17
11-33
Sept mber.....
:r01
11-01
It-:4
lC-72
10-8)
10-69
10-70
10-93
10-73
11-63
10-61
iO-fO
;ii-6«
Quiet.
lUix
steady.
lOlX
4-S5
4-8j
June
Joiy
mb
r
..
.
.
I'l-
...
Closed—
3
10-M
6t ady.
Hold..
anse
..
11-16
11-21
..
X
101
4-85,',
10-76
10-76
10-84
10 93
11-14
10-8i
lo-JS
10-90
10-9J
11-0?
11-11
lu-H
10- :s
10-71
I0'6I
10-75
10-64
10-87
10-9)
11-07
10-81
10-68
ni-i8
10-59
lo-Su
steady.
K'l«
Steady.
Steady,
4-S3><
4-t5;<
li-sO
10,
no;
H
Vrl.
Lower.
10 62
10-63
10-76
lC-86
10-9 i
11-01
10-3'.
10-6!
10- i7
10-58
1(1-63
mix
Steady.
lOIS
4 8J
4-35
Thk Visiblk Supply of Cottou,
as made up by cable and
telegraph, is as follows.
The continental stocks are tbe figures
of last Saturday, but the totals for Great Britain and 'he afloat
for the Continent are this week's returns, and consequently
broughtdown to Th'irnday evening; hence, to make the totals the
complete figures for to night (Mar. 29), we add tlie item of export*
from the United States, including In it the exports of Friday
only
J878.
:
StocK at Liverpool
Stock at London
Total Great BrlUlB stock
Stock at Havre
Stoct at Mareeillea
Stock at Barcelona
Stock at Hamburg
StocKat Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Ant-)ferp
Stack at other continental ports.
1877.
18:6.
1875.
735.000
I.07J.000
753,000
908,000
12,75U
33.750
68,5.0
106,750
743,750
1,IC6,:50
1,106,750
809,500
1,014,750
StiS.OOO
194,250
196,750
134,000
6.00O
3.500
4,750
7,5CO
30,000
66,000
9fi,000
76,000
7,000
11.500
19,003
9,750
30,000
53,500
47.760
33,-250
35,500
73,500
49,730
49,250
10,330
10,000
1«,5C0
11,000
6,500
6,750
14,7.50
6.060
7,750
14,50D
31,-250
12,000
398.000
441,500
466,500
377.-50
,
,
7,700
«.'00
10-8J
11-97
1C-33
..1(1-99
1-KI
..11-01
..11-12
..11-03
6,110
1,300.
1,700
1,700
400
S3,<00 total
1,543,-250
1,876,000
l,353,r00
lijl.OOO
180,000
172,000
311,000
American cotton afloat for Europe
639,000
345,000
731,000
433,000
B(?ypt, Brazil, *c.,afloatforE'rope
53,r00
36.000
55,000
74,000
631,970
719,463
6I9,4-J0
606,912
77,-!53
&S,74-J
92.258
89.865
17,00J
U',000
18,000
5,000
2.('66.673
3,8:2 277
2,927,460
Tot»l»ielble supply. ..baie8.-i,7-25,»r3
or the above, tbe totals of American ani ottier descriptions at« la tell? •
LWerjool
556,000
737,000
421,000
614.000
Coi!duental stocks
351,000
356,000
290,000
171,000
American afloat to Europe
United States stock
United States Interior 'jtockB
United States exports to-day
639,000
345,000
734,000
433,C00
631,970
719,163
61MS0
806,91-1
77,253
88,712
9-2, -ISS
89,865
17,000
10,000
18,000
5,000
bales. 8,873,223
2,?56,2!0
2,174,673
1,849,7:7
180,000
336,000
3i2,000
£64,000
12,:50
8.3,730
58,500
106,750
47.800
E5,500
1:6,500
166,750
;81,000
180,000
n-',000
311,000
74,OOJ
st'.ek
...
-.
Ac-
53,000
36,000
55,000
45:>,750
671,-250
T9-3.000
1,022,500
...2,272.2-23
8,258,210
8,174,678
1,819,777
1091
10-9-.
6,100
5,900
600
600
SOO
500
400
1,146,750
India afloat for Europe
Bgypt, Brazil, 4c., afloat
10-85
8300
1.700
2,900
Total Earopean stock*
India cotton afliat for Bnrope....
I0-I-6
10-83
»*K1
500
100
100
20U
700
Sept.
100
lo-w
ini
•10
ll-U
200
400
sou
100
600
Kor September.
I'-s:
10-52
10-31
ct«.
4.8J0
8,-eo
11-01
Il-JS
11-24
11-26
iil,M> tolal
Total American
Out Indian, Brazil.
Liverpool stock
London stock
Continental stocks
bales.
10-87
10-83
10-89
SS.IN total May.
10-66
1.S00
.
2.-200..
.
lOOa.n lsi..1»67
1.30J
8.
...10-76
...11-7:
...10-33
'0-8I
10-85
10-88
10-17
10-38
10-89
10-90
10-92
10-93
10-91
lC-95
10-96
SOO
7,4ilO
lC'i:9
10- ;f
10- S5
1.200
1,S00
NO-.
C
I
4i'0..
600
100
800
IU-97
.4m«uan—
and prizes
For March,
11-10
DellT-
For forward delivery, the sales (including
Iree on board)
have reached during the week 373,400 bales (all middling or on
the basis of middling), and the following ia a statement of the
sales
2.40O...
5,4JU
2,400
Stock In United States ports
Stock in U. S. Interior ports
United Statea exports to-day
roTDBKa.
211
i9J
1
sit.
"so
2f4
599
6^0
45J
1
7
8
9
9
BALES.
SULKS or SPOT A>-D TRANSIT.
Spot Market
Monday
8 1-16
8 13-16
10-iS
I.IOO
100
10*88
Frl.
Mar.23., M.r.23. Mar.26. Mar.27. Mar.23. Mnr.29.
.
\mt
(00
For October.
Total continental ports.
mon. Tnes Wed. Th.
MO
tO-M
4,40U total
r-ii
-.
Dec
i
\Ve<I.
urn
10-96
no*
11-10
bales.
goo
:o-»l
100
11-8
100
1.(00
1,003
2,soo
For NoTsmber.
ew.
«•«
100
•or
900
The following exchanges have been made during
9X
9«
U
900
400
.11-3
1114
.11-18
.11-19
.11-20
October
November-
11-16
t-16 11 11-16111 11-16 11 11-16
12 l-;6 12 3-16 12 3-16 12 8-16 12 3 1«
12 9-. 6 1^2 ll-Hlli 11-11 12 11-16 1) 11-16
11
li>-«
10-98
I0-9J
11-00
11-02
06
1117
fOi
100
400
too
8 S-16
8 15-16
STAIPTKn.
Saturday
10'
itxct
10V
"H.
Oood Ordinary
Good Ordinary
lOti
IIX
11
Btrlct
210
11
10 13-16
I2H
l.SO
UK
Mlddllnr
Fair....
8 3-16
8 15-16
Frl. Tta. Frl. Tta. Frl. Tta.
Mar .39. Mar.2j. Mar .29. Mar.2S. Mar.29. Mar.28,
GocdMlddrg im
i;900..
II
W6
12
MarJS. Mar.O.
c(«
1.100
2.100
2.100
11-06
.11-07
.11-08
.11-09
.11-1"
.1,-12
IIH
9 11-16
MIddllDg Fair...
.11
itk'
•40J
8 SOO
11
Good Middling..
Strict
.11-14
IIH
9-16
t'2 1-16
12 9-16
11
12 9-16
3-ia
600
11
IIH
10 1-16
Low Mlddrg
UU
I0«
10 1i
;ox
Strict
1*
Transl. orders.
tt.
.Middling
1.900
»)i
10 5-16 10 5-lC 10 5-16 10 5-16
10 11-16 10 11-16 10 11-16 10 11-16
MarJW. Mar.27. Ma
Strict Goi.d Ord'ry.
.11-01
.11-02
10 9-16
Ordinary
|» b.
8 1-16
8 1-16
8 1-16
8 1-16
Strict Ordlniry. ..
8 18-16 8 I4-U S 13-16 8 13-16
Good Ordinary
ik
914
9)i
Strict Good Ord'ry. 9X
i\
»x
»X
Low Middling
10 3-16 10 3-16 10 3-16 10 3-16
Strict Low Xflddrg 10 9-16 10 »-Ui 10»-16 10 9-16
Middling
10»
10»
10«
lOK
Good Middling
IIX
11^
UK
"H
Strict Good Mlddl'g 11 9-16 11 9-16 11 9-16 11 !t-I«
Middling Kalr...
12 1-16 12 1-16
12 1-16
12 1-16
Good Ordinary.
700
lOS-16
:'i
Ordinary
V
Btrlct Ordinary
.11-16
10^6
-!6
U 1-16
U «-16 12 WH
Tnes ured. Toea
Tta.
IJWO
bales.
10-9-.
10»-16
uw
Mar.28.
.10-91
9-:6
ui«
»-16
I.IUO
1.710
S-n
11 5-16
i2
SOO
'.0
11)<
Fair
.M;ir.25,
.10 92
10-f«
la
11 11-16
Middling Fair
Mar.23
Mar.'j5.
.M-91
J.inu
27,100 total
bum.
For Aaguii
eis.
100
iMay
Sat. IHon. Sat. .Von,
321
For Jalj
bal«a.
April
ORLEANS.
M.
Ron.
Sat. Rlon.i Sat.
.Mar.£). Mar.:iD. Mar 33.
Ordinary
..V
Strict Ordtnsry
(iooU Ordinary
.
.
.1I-1'4
..11-05
..11-1'6
..11-07
..11-lS
..11-09
11-10
ll-ll
11-12
11-13
Jaae.
Total Bast India,
*c
Total American
2,873,277
TolalvlBlbiesupply...
8d6><d.
6Xd.
PricoMld, Uplands. Liverpool... 6>,'d.
These figures Indicate a decrease in the cotton in sight to-night
of 201,487 bales as compared with the same date of 1877, •
deereate of 340,703 bales as compared with the correspondinfr
date of 1876, and a deereate of 140,804 bales as compared
.bales. 8,7-25,973
with 1875.
2,027,460
2,966,678
—
At THE Intbbior Ports the movement that is the reseipta
and shipments for the week, and stock to-night, amd for the
corresponding week of
Btatement.
1877—ia
set oat in detail in the following
9
.
THE CHRONICLE.
322
Week
ending Mar.
8 % is: 8
Receipts. Shipments.
AazTista,
Ga
Ga
Macon, Ga. est
Montgomery, Ala
Tenn
Nashville,
1,(.C0
1,829
8,792
a,53S
•7,279
248
211
162
5,214
192
3S6
699
8:3
387
2,776
64)
53,lf5
5,0S5
S6,74i
2,.3!!4
719
13,944
f93
],4S1
2,S41
41,401
2,762
11.541
S2,746
77,253
4,133
7,600
630
343
4:9
S,33R
41
2,331
3.819
3,739
l.iSO
1,945
Sf6
74
156
1,298
1,9«0
1,819
..
0,1 4
3,C89
218
250
37
542
60O
1,552
3'1
1.1IS6
488
P,3!3
4,730
17,744
29,285
Bnfanla, Ala
Ga
Ga
Rome, Ga
Atlanta,
N.C
8t.Loni8,Mo
Cincinnati,
'
Total,
new
Total,
aU
ports
l(iH
545
6 9f3
Colnmbu^, 'Miss...
Charlotte,
l3,nrQ
7,502
]i..6:o
471
1.592
8hreyeport,La
Vicksburg, Miss.
1S-.7
750
..
Total, old ports
Mar. 30,
?,4oS
l.OiM
911
Dallas, Tela?
Jefferson, Tei
Week ending
Receipts. Shipments. Stock.
603
400
..
Memphis, Tenn
Stock.
1,^95
Colnnibas,
Grlffln,
459
157
1.('70
1.7J0
4J
412
:o7
4,-ii7
3,519
2,-J64
S50
2 6.50
8,700
3,415
!-99
1,S61
636
10
40
4,:»1
1,(53
250
95
.S50
2,4eo
46
44-!
890
650
7.7C4
4,2^5
31,72.5
3,4:0
1,595
58,76-2
7,H1
121
1,381
1,223
189
71
2I,!i91
54.512
6,3S7
9,7;a
62,457
44,710
131,795
10,530
17,372
251,189
369
11,351
Actual count to-day (F/iday.)
that the old interior stocks bare
10 603 bales, and are to-night ll,48J
period last year. The receip:? at tbe
towns have been 7 408 bales more than the same week last
The above totals
ietreased during the
bales ifss than at the
came
show
week
same
year.
Receipts prom the Pl.vntatioxs.
in a previous issmf'ir an
bring tUe figures
— Refer,! ng to our remarks
explanati
dowa one week
in
of this table,
later, closing to
night
we now
:
Receipts at the Ports. Stock at Inter'r Ports 'Rec'pts from Plant' ne
Week
ending—
1876.
lt77.
1S78.
1876.
1877.
1878.
1876.
1877.
it7a
210,662 182,240 241,494
136,816 155,532 161,6h7
9... i;8,5S2 110,006 137,138 210.858 179,266 249,703
118,77J IS7.03i 133,352
"
16... 110,576 120,720 120,091 !202,.'4: 174,971 431,103
102,165 116.431 112,485
"
23..
March
"
"
2... 131,379 13?,374 159,lt6
88.068 107,67ii
198.563 173,478 226,635, 105,792
86,56v 101,252
2...
86,215
68,615
91,319
li-5,596 173.178 210,935'
63.248
68,3:5
73.t99
9...
7.',4:7
78,330
50,74-2
90 947
-.94.165 169,291 195,465
77,249
46,855
..
65,441
44,537
e2,;6i
177,351 165,717 169,636;
48,.S2:
40,993
5'',433
^3...
62,933
32,366
75,723
163,281 158,011 146,653'
48,862
24 6';o
52,710
30,
59,912
30,397
e5,470 145,001 15:,193 131,7E6
41,633
23,555
50,612
16
•'
109,676
Total...
.
76?,9.-iO|6i;9.!.'42|t22,61
833,091|713,825J93a,8:37:
Imndredths of an inchi three days, but the rest
fair and cool.
The thermometer has averaged C3, the highest point having bf en 83 and the lowest 47.
Nashville, T'tnnessee.
It has rained her.' on two days, the rainfall reaching one inch and sixteen hundredths.
The thermometer
has averaged 58, the highest being 70 and the lowest 46.
Memphis, Tennessee. Rain Las fallen on three days, with a
rainfall of ninity hundredtls of an inch, ani the rtstof the week
has been cloudy. Fainiers are ploughing and planting corn
Average thermometer 62, highest 80 and lowest 47.
vigor. u?ly.
We have had a seveie rain one day of the
Mobile, Alabama.
week, but the remaining six days have been pleasant. The
thermometer has averaged 07, the highest having been 83 and
the lowei^t 50. The rainfall has been one and eigbly-three hun
fall (thirty five
week has been
of the
—
—
—
dredtha inches.
Montgomery Alabama.
—
It has rained steadily one day, the
one and twelve hundredths inches, but the rest
of the wefk has been pleasant.
The rain lias been beneficial.
Planting is making splendid progress. Average thermometer
lowest
highest
83
and
45.
65,
Selma, Alabama. It has rained here on one day this week, ah
unusually severe storm.
Madison, Florida. We have had rain on one day, with a rainfall of two and twelve hundredths inches.
The thermometer
has rarged from 00 to 70, averaging 63. Planting is about completed in this neighborhood.
Macon, Georgia. Telegram not received.
Atlanta, Oiorgia.
We have had one shower during the week,
with a rainfall of twemy-two hundredths of an inch. The thermometer has averaged 06 the highest being 75 and the lowest 46.
Columbus, Georgia. It has rained .severely one day this week,
the rainfall reaching one inch and ten hundredths.
The thermometer has averaged 70.
Savannah, Georgia. Kain has fallen on one day, but the balance of :he week has been pleasant.
Average thermometer 05,
highest 84 and lowest 8.
The rainfall has been twenty-eight
hundredths of au inch.
Augusta, Georgia. The weather during the week, excepting a
light rain on one day, has been clear atid pleanant, the thermometer averaging 07, and ranging from 45 to 85. The rainfall
is two hundredths of an in h.
Charleston, South Carolina.
We have had showers on oi;e
day of the week, the rainfall aggregating one inch and forty-five
hundredths. The iheiraometer has ranged from 51 to 83, averag tgCS.
The following statement we have also received by telegraph,
showing the height o! the rivers at the points named at 8 o'clock
Mar. 28. We give last ^-ear's figures (Mar. 29, 1877) for com,
rainfall reaching
—
—
—
—
—
•
—
—
parison:
^Mar,
The
interior stocks January 25 were, for 1876, 213,165 bales; for 18:7,
195,082 bales; for 1878, 242,013 bales.
This statement shows us that although the receipts at the ports
the past week were 05,470 bales, the actuil from plantations
were only 50,613 bales, the balance being drawn from stocks at
the iLterior ports. Last year the receipts from the plantatons
for the same week were 2o,555, and for 187G they were 41,033
bales.
—
Weather Reports by TELEOUAPn. The pist week has
been almost evrrywhere very favorable for (arming purposes.
Planting has made excellent progress. The seajon has thus far
been an early one, and vegetation is well advanced. On this
account much fear of frost is felt.
Galveston, Texas. The weather ha.s been warm and dry all the
week. Planting in this neighborhooi is about completed, and in
lower Texas early planti'igs are nearly ready to chop to a stand.
Corn ia growing raoidly. The season 's very early. Average
thermometer 09, highest 78 and lowest GO.
Indianola, Texas.
It has been warm and dry all the week, the
thermometer ranging from ^B to 87, and averaging 72. Planting
is about completed in this vicinity, with a promising start for all
—
—
crops.
XXVI.
[Vol.
—
RECEIPTS PROM PLANTATIONS.
Feb.
...
—
Conicana, Texas. We have had raia on one day, a rainfall of
eighty-e ght hundredths of an inch, which did good. Plantinj;
is making good progress.
The thermometer has averaged 67, the
higliest being 87 and lie lowest 50.
Dallas, Texas.
It rained h re on one day during the week, a
welcome shower.
Some seclions westward are needing rain.
Planting is making good progress. The spring opens very early.
Average thermometer, 66 highest 87, and lowest 49. The rainfall has been thirty-live hui.dredtha of an inch.
Brenhim, Texas. We have had a shower on one day, the
rainfall reaching twenty hundredths of an inch.
Planting is
progressi K and all crops are doing well. The thermometer has
averaged 74, the extreme r. n»e having been 67 to 83.
jfew Orleans, Louisiana. It has rained on one day this week,
the rainfall r^ aching thirty-live hundredths of an inch. The
thermometer has averaged 07.
The weather during the week has
Shreveport, Louisiana.
been very favorable.
The season is well advanced, and vegetation looks promising and is gr wing fast. Som; cotton has bee
planted, and planting will be general next week.
Fruit will be
plentiful if no frost occurs.
Average thermometer 71, highest
87 and lowest 55. We have had a rainfall of eighty-eight huudretlis of an inch.
Vicksburg, Mississippi. Tlie thermometer has ranged from 53
to 85 during the week, averaging 08.
It has rained on one day
the rainfall reaching sevtnty-one hundredths of an inch.
Oolujnbus, Mississippi.
\Ve have had a rainfall during this
week of three inches and eighty-nine hundredths.
Little Hock, Arkansas.
It has been cloudy, with a ligUt rain-
—
28.
Feet.
New Orleacs.. Below high-water mark
"78.^
Inch.
3
^Mar.
29, 77.--^
Feet.
Xncn.
—
9
—
Above low-wator mark
2J
23
9
Nashville
Above low-water mark
6
13
7
Shreveport. ...Above low-water mark
20
15
10
1
3-2
41
Vicksburg.... Above low-water marli
8
New Orleans reported below hign-water mark of 18V1 until
Sept. 9, 1874, when the zero of gauge was changed to high-watei
Memphis
of April 15 and 16, 1874, which is 6-lOths of a foot
1871. or 16 f«et above low-water mark at that point.
mark
above
—
CoMP-\RATivE Port Receipts and Daily CuopMoveme.vt.
comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of the
We have consequently added to our other standing
month.
tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative
movement for the years named. First we give the receipts at
each port each day of the week ending to-night.
A
PORT RECEIPTS FROM SATURDAY. MARCII
New
Days of
week.
23. '78,
TO FRIDAT. UARCII
ves-
Nor-
Wilming-
All
ton.
folk.
ton.
others
Gal-
Orleans
Mo-
Char- Savanleston nah.
29, '73.
Total.
j
bile.
f5;
I,2i9
496
1,662
CT7
1,212
250
3.42;
9,600
Monday
1,772
1,716
570
2,504
1.188
£01
111
2,219
13,081
Tuesday
8,054
374
576
1,316
671
1,:94
60
3,34
15,793
Wednesday.
5,873
94
3 4
1,083
337
3,411
218
2,510
11,323
739
1,3T.
404
l,a03
953
1,010
99
1,60-.
7,317
2,321
53-
.33!
754
140
1,146
165
2,164
7,558
8,222
4,136
6,876
15,-«0
65,470
Satnrdiiy
;
—
—
—
Thursday....
Friday
Total
23,016
The movement each month
follows
—
—
since September
1
has been as
:
Tear beginning September
1.
Monlhly
BecHpU.
1874.
1876.
1875.
93,491
236,869
169,077
115,255
184,744
October....
578,533
675,260
610,316
3.55.323
444,003
November
8-12,493
901,392
740,116
576,103
530,153
December..
January
February
900,119
787,769
821,177
811,668
524,575
689,010
500,tfB0
637,C67
702,163
569,430
4:2,051
419,686
479,801
432,633
462,553
Total, Feb. 23.. 3,561,300
Percentase of total port
receipts Feb. 2.S
3,651,6;5
3,457,534
3,043,205
a,7i5,s;7
79-99
74-38
1877.
;
—
5,216
September
—
.
87-95
82-60
1873.
1872.
MAHcn
THE CHROMCLE.
CO. 1878. J
itatemeot bUows that up to March 1 tbe receipts at the
porta this year were 0,643 bales more than ia 1870 and 103,740
bales more than at the aarao time in 187.5. By ajdiog to the
above totals to March 1 tbb dally receipts since that time,
shall b« able to reach
an exact comparison of the movement
for the different rears.
1877-78.
1376-77.
1S7.V76.
1874-75.
1813-71
1872-73.
Tot. Iiwt of Feb. 8,581,800
17,751
Becelpt* Mar. 1
9,883
Receipts Mar. i
8.
M»r.
ReceipiD
S
33,965
Receipts M»r. 4
Receipts Mar. S
17,175
9,746
Receipts Mar. 6
S,SS!,6S5
3,157,5V«
1,934,051
3,01.3,503
2,71%83;
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receipts
Receip
B
Receipts
Receipts
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mir,
Mnr.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar
Receipts Mar
Itecclpte
8.
6,S3S
7,842
8,''03
9,78a
12,5-8
10,'>47
M,8I9
4,567
IJ,8i:
14,779
13,8(3
11,993
lO.tU
10.928
18,913
17,480
8,531
8.
10,617
10,479
12,246
6,678
19,131
8,210
U.637
M.eai
8.
9,343
8.
7
8,3:3
8,722
15,922
8.
11,793
16.263
8
12.301
6,561
15,671
13,651
8.
12,209
9
8,723
16,223
6,38i
12,118
19804
S.
8,473
10,331
9,M7
12,35
10,817
13.759
15,914
li5,860
Britain, tlnent.
7.0K)
1318 ... 17,010
21)011)
1877.... 31.100
:3!6 ... 21,00)
4,0J0
.-Shipmsatt alnce Jto.
Great
C>n.
Total.
BrIUIn.
2I,.1<I0
115.001
151,000
128,0jO
51,000
35,00)
—
Receipt*.—
oIdc*
Tbia
week. Jan. 1.
40.000
401,UM
1.-.
.
Total.
tinent.
I5I.0O3
117,000
li.g.O))
ilH.>^M
217,04)
8),0!)U
fi-2,0!'0
'iSl.OOO
51,500
317.500
From
the foregoing it would appear that, compared with lut
year, there has been a decrease of ;27,000 bales in tiie week's shlpoaents from Bombay to Europe, and that the total raovemeot
sioce January 1 shows an increaie in shipments of 1,000 bale*,
coup&red witn tha corresponding period of 1877.
B.\aaixa, &c.— B'gging has not movol to
aud we do not bear of any large transactions. The
demand is only for small jobbing parcels, which are being held
at OjS^ic. for light w.;i;;ht, and lO^c. for standard quality, though
a shade less would beacc<*|.ted. Butts have been in some demand,
but no round parcels have been taken, the general inquiry being for
small lots. Tbe arrivals for tbe month foot up about 35,000 bales
ind the deliveries about 23,000 bales. The stoc'k now on hand
here and in Boston 21,000 bales. The sales for the month nave
been 3, .500 bales on spot at 2|'a3c. currency, and 5,000 bales to
arrive at 2i<a3|c. gold.
The market closes quiet but steady, with
3|c. the asking figure.
OUN.NY
jB.vos,
ttij extent,
10
S.
11
19,179
12
11,187
8,391
S.
9,283
12.002
7.269
13
14.S34
8,017
17,597
7,915
11,112
13,198
14
i.?,99a
6,753
11,236
S.
10,571
19.718
15
14,614
7,692
11,015
14.531
8.
i;,6;7
16
11,210
6.341
6,57J
8,923
18,789
S,
17
8.
4.JJ7
9,128
7,439
9.721
211.336
IS
18.579
10.121
7,939
10,008
9,4)3
16,411
7,239
S.
8,265
n,m
Toul
19
8,220
to
SO
10,897
6.378
12,»J9
5,57J
9,222
21
11,024
7,534
7.913
8,:51
S.
S.
S.
1
Bxportaot Cotton(balea)rroiii Nenr Voric lnceS«Dt.I, 18TT
WnS
7955
8,073
4,982
13.036
11,312
9,800
8,913
10,312
8,221
18,'-11
.8.
5.836
9,375
7,436
8,164
13,568
10,«;9
7,t96
11,876
8,83S
Havre
Other French ports
8.
15,798
7,418
S.
8,884
8,
2(
:>,8e7
11,323
6.115
l',SO<
6,351
9 713
5.910
7.317
4,683
6,317
8.
10.131
7,556
1,581
8.731
11,1:6
S.
Total Mar. «... 3,893,453
3,723,739
3,735.831
3,n3,C4!
total p« rl receipts
8914
92 28
9,501
6,C60
SO.
Mar.
date.
27.
year.
Other British Porta
32
SCO
15,55)
7,783
12,667
13,128
543,527
1,817
243,745
7,894
Total to Gt. Britain
12,C67
1.3.1i8
245.311
61,139
4,C07
115
5,165
871
1*ota]
:oo
m
Prencb
Bremen and Hanover
400
Hamburg
431
Total to N. Europe.
831
oaln.Oporto&aibraltar&c
Ulothere
2!i93
too
4.722
5,166
179
931
2;6
14.863
4,151
10.132
9,618
2,226
1,586
67!)
931
126
£9,143
13,460
2;395
'900
3.0:7,04.')
SiU
9D-7J
Mar.
13.
period
prcv'aa
S.
18,6 ;i
.3,35!,ie0
Mar.
6.
15,513
82
S.
M«r.
l,?Ol
Same
SKSIHS
9,270
8,804
Receipts Mar. 2)
Receipts Mar. 24
Receipts Mar. 25
Receipts .Mar. 26
Receipts Mar. 27
Receipts Mar. 23
Receipts Mar. 29
Per ct. of
323
r-Shlpm't* thU week-,
Great
Con-
ThU
we
«
:
.
f-2
63
This statement shows that the receipts since Sept. 1 up to
now 107,719 bales more than they were to the same
to-night are
day of the month in 1877, and 1.57,57S bales more than they
were to the same day of the month in 1870. We add to the last
table the percentagHS of total port receipts which had been
received M.irch 3D in each of the years named.
I.VDi.i Cotton Supply for 1878.— In remarking !ast Jani;ary
with regard to the total Iiiciia exports in 1878, we gave some
facts and raised some questions as to the supply to be expected
from the ports other than Bombay. This week we have received
Total Spain,
See
...
2,39i"
Grand Total
l:>,150
....
8.367
l3.:oi
13.354
2,;93
SCO
281.913
•170.264
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
113,070 bales.
are tUe same exports reported by telegraph, and published in
The Chronicle, last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
night of this week.
.p^,,,
^^^
Liverpool, per steamers Copernicus, 1 571
England.
from Mes.srs. Walace & Co., ot .Bombay, their report underrate New York— To
I.IIO .. Ni'vada, I.fSO ...Chiua,
1-2.2.. ..Britannic.
1.471... per
ships RiT'il Alci.'indra,3,2U. .. Levi G. BiKgeas, S9d
of February 2.5, in which they furnish very useful data for
Bengal,
estimating the to
Lo'.d to their
a!
production of these other ports.
opinion that the
Bombay shipments
They
likely to exc.ed the shipments at that poit in ;877
From
siderable amount.
them
to expect
by any conadvics lead
year; from Coconada,
the Madras side, their
about 100,000 bales this
from 30,OOD to 3-5,000 bales; from Tinntv llyXTuticorin), 70,000
bale?; from Calcutta and Raugo n, probably a small fallirg off
from last year. Using these estimites, and our figures for previous years as given in our "Cotton from Seed to Loom," we
have prepared the following statement as to the total probable
outturn:
EXPORTS FROJI INDIA TO EDBOPK.
PORTS.
Bombay
1871.
1875.
18T6.
Actual.
Actual.
Ac'.ua'.
1,448,111
1,266,069
'.58
Kurrachcc.
985,f01
810,tt9
8 0,000
593
17 477
S,632
14,191
tJ.OvJO
13,f58
3J,S92
6,410
None.
Koac.
117,8.7
117.618
13,69;
1-25,995
3.904
100.000
2', 950
£5,2 6
39,300
i9,070
15,1 1
35,(XX)
63,724
9.',763
43,0 3
61.385
18,lf)7
7 ',000
.
115,803
10,780
51.435
18,464
56,357
40
..
19,1588
10,473
20,?78
5,191
22,035
S0,o;o
1,>3I,225
1,531,833
1.6-0,542
1,3^.851
969,437
.
.
..
I,
00''
'30,000
These figures would show an export to Europe for all of India
during 1878 of 100,000 bales in cxc es ot last year. We have
however, taken in each case the higher estimate, .so that this
statement
may be
..
:
To B-emeu,
New Orleans— To Li viapool,
2.113
To Hivre, per ships Thoaias Lord 4 377
Harmonldes, 5.7''3
To Bremen, per thipJuha Rutherford, 3,774 ...pei bark Thomas
Ke IkT, 3,935
To RiVe!, per ship L. B. Gi:chre8t.5,2n0... per bark Prcgreis, 1,690.
To CrjnstadI, per ship Presldeiit, 1,102
To Genoa per harks Domcni o. 2;3.. St. .\n' a, 1,037
—
Mobile To Cork cr Falmouth, per bark Lois. s,81i
Chakleston — To Havre, per barns H.irriot P. Hussey,
considered as representing the extreme pro-
dnction according to these advices.
i..'310
8,739
1,035
.
WiLMiNOTON— To Liverpool, per schr. E. S. Powell, 2,0,i7
BALTiMor.E— To Liverpool, per steamer West I',.dlau, 2i.O
Varla Cathcrinn.
.iOO
1.243
11.1*3
3,iiSt
2,SS0
8,000
2,C87
per bark
600
..
To B
etnen, per stt-amer Ohio, 1,!25
per sh'u Elphinstone. 51...
BosTO.N— To iverp.iol, per I'teamers Iberian, 2,7 1... Victoria, 1,411...
Philadelphia— To Liverpool, per at earner Sarmaiian. 'JOJ
I
Total.
1.175
4.191
900
113,i7S
The particulars of these shipmeota, arranged in oar asaal foru!.
are aa follows
Port
Liverpool.
New
Bre-
Cork.
Havre
Y..rk .13,128
N. Orleairs. 19,1^3
Mobile
Charleston.
Savannah. .13.123
5,f.0O
Texas
Wil'rog'tu. 2,087
Baltimore..
600
4.122
900
:
7,759
6,890
4.408
Up'and and
121SeaI-l nd... MIndet. l.fOlUp'.and and 32 Sea Island
Kcva', Ru'itia, per steamer Redewater. 4.C35 Upland
a port in Sjialu, per briss Mercedes, 273 Uplansl.
Alfredo, 9f4
Upfind
Satannah-To Liverpool, per ships C. B. H.izeltlne, 2.921 Uo'and ...
Lsdy Dufferln, 3,072 Upland and 88 Sea I-land
Kenirlck Fish,
4.10; Upland.
.per hark Tik»mi. •3,^93 Upland and 55 Sea Island.
To Brem»n, per bark Merco'. 2,0i2 Upland.
To Rcval, liussla, per baik Jupiter, 2, -3) Upland
Tesa."— To Liverpool, per barn Herhcrr, 5 OOI
To
To
Bombay SaiPMSNTS.— According to onroable despatch received Boston ...
to-day .there have been 17,000 bales shipped from Bombay to Great Ph ladel^'a
Britain the past week and 7,000 bales to the Continent
while
the receipts at Bombay durint; this week have been 40,000 bales.
The i'lovement since the Ist of January is as follows. These ar*
the fifraiea of W. Nicol & Co., of Bombay, and we brought
down to Tbarsday, March 23:
6,313
10,610
2,840
2,'''82
.
1873
9,3iXI
Tuticorin
Rangoon.
811
1877
Actual. E:t mai'd
19,157
.
Carwar ....
Madras ...
Coconada.
Calcutta
1673.
Actual.
per bark Albina. 00
13,138
per ptcainer Weser, 226
223
per Bti'araerr" Yrurac-Bnt, ,5,030 ..Momphi'. 4,871 ...per t-liips Caledonia, 1,32.3
Glad Tidings. I."(i4... 19,'93
To Cork, per sliip Pa'alBoyton, 1,201... par bark Adp.ia Cerleton,
2..^t5
still
in 1878 are not
mer..
Reval.
in
CronsUdt. Sialn. Genoa.
2-26
6,S!3
S.810
10,610
7,719
6,89D
4.03^
3,739
9.022
2.3 >0
1,310
4,402
1.21i
ToUI.
13.354
56.177
2,3t0
«,o:c
17,50S
5,030
»,0'i7
i.i:s
1.778
4. Ill
900
1.212
1.3:0 113.071
ToUI... 53153
4.102
9.153 11.319 11,212 13.2U
Included In the above totals are, from New Orleans, 1,382 bales to Rotterdam
and 1,161 to Vcva Cruz.
Below we give all news received to date of disaatera to Tesselft
carrying cotton (rom United States portt, etc.:
:
.
THE CHRONICLE.
324
str. (Br), Beggs, New Orloitis for Liverpool, drawinz SO feet of
water forward and 2i feet aft grounded oa the bar at Port Eads Mnrch
a4th; ehe floated and sailed Marcli astli.
GiLBi-AND, str. (Br.), Ratter, from New Orleans for Antwerp, wliich put into
St. Michaels in distress, repaired and Eailed; arrived at destination
AaiA Sofia,
March Iti.
James W. Gaff,
Wise, sunk seven miles above Cannclton, on the Kentucky side, previo'.s to March 2j. Water six feet over her main deck.
tow to releft
last night with the barge Silver Dollur
Champion
The
A diver also left for the G-iff, and will arrive at
ceive the Gafl's cargo.
in
completed
and
Gafi'
was
bntit
at
Cincinnati
to-night.
The
wreck
the
June, 1S76. built with a full length cibiu, and ranked lirat-clays. She
incovered
doubtless
by
the
los'^
on
which
is
of
freight,
a
big
t'ip
had
surance. The dispatch received announcing the sinking of the GafT
was elated at Owensboro, some sixty miles below Cannelion, and Ca^,tain Wise sought the carliust opportuuity of reaching a tslegruph station by taking pas:»age on the flr-Jt passing packet. Her cotton, for
Cincinnati, was consigned as follows: Cincinnati Transfer Company,
str..
m
&
Co., ii bales ; Robert
bales ; order, 13i balej; Putnam, Hooker
Co., 20 bales.
Liverpool, March 6, from New Orleans, was in collision
"..1^4
Meore &
Rita,
str. (Span.), at
March (i. near Queen's Dock, with the ship Contest, from Savannah, and
had bowsprit carried away, etc.
Wisconsin, etr. (Br.). Foray, h, from Jfow York via Quoenstown for Liverpool,
arrived off Holyhcal March 23, apparently disabled.
Commerce, ship (Br.), Nlckcraori, at Havre, March 8, from Now Orleans, collided at the former port on March 6, in the Eure Dock, with the bark
Florence Treat. Damage, if any, to the Commerce not stated.
Contest, iiiip (Br.J, James, at Liverpool March 5, from Savannah, collided
near Queen's Dock on March with steamer Rita (Span.), from New OrIi
Damage
lean"*.
to Contest, if any, not stated.
Magnificent, ship (Br.), for Liverpool, caught fire at Savannah March it,
which was extinguished with slight damage She would proceed to sia
I
without delay. The M. had on board about 4,009 bales, and was com-
Venus Point. The origin of the fir« is not definitely
known, but it is supposed was either caused by a spark from the galley
Fortunately, early discovery and
was the act of an incendiary.
prompt action prevented any serious loss. There was insurance on the
cotton, but none on the vessel.
E. Gardner, ship (Br.), from Galveston for Liverpool, before reported
abandoned, bad on board 5,00:j bales of cotton, not 1,603 as misprinted.
She hart been rebuilt in 18'u, and was insured in Yarmouth, N. S., for
pleting her cargo at
or
N.
&
$34,000.
Lara, bark (Br.), Fulton, from Savannah for Amsterdam, remained at St.
Thomas. March 10, repairing.
Maggie Miller bark (Br ), Cook, at Liverpool March 5, from Galve-ton, in
docking at former port collided with the pier-head, and sustained
slight damage.
The captain of the steamer Slrassburg, from Bremen, which arrived at this
port on the 23d instant, reports that on March 15, while in latitude 47
deg. 44min. and longitude '29 deg. 36 mio., he fell in with a ship on Are.
The ship, which was seven miles distant when first seen was abanThe ship, appardoned. The following is from the steamship's log
ently an American three-master (if full-rigged ship or bark Wt3 could not
ascertain, because the mizzen-raast was gone), was painted black, had a
hurricane <ieoic and deck-houses abaft fore and raain-maa% a m isculine
figure-head in running position, yellow mast^ and spars and whitcpalnted blocks. She was burning foreward and aft, was free of fire between fore and mainmast, and had all square sails, except miiu-sail and
foretopgallant sail, set. The cargo was very likely a compressed one
(perhaps cotton), ecause the fire did not flare at all, but always kept
:
i
close over the deck.
TjIvhkpool, Mircb 33—5.00 P.M.— By Cablb from LivbhPOOL.— Estimated Balea of the day were 7,000 bales, of whicb
Of to-day's sales
1,000 bales were for export and speculation.
The weekly movement is given as
5,900 bales wwre American.
follows
:
Jlarch
Sales of the
week
bales.
Forwarded
Sales American
of which exporters took
of which speculators took
nf which American
Satnr.
SifCl.
Mid. Upl'ds
Mid.Orl'ns
3.3,00(1
S.OvKi
8,0CO
2.0J0
101,000
548,000
96,000
61,000
3,000
501.000
73,000
56,000
5,000
33i,000
890,000
afloat
Tlie following table will
50,WO
63-3,000
Actualexoort
Ij.
48,000
lO.OOO
4,000
Total stock
of which American
Total import of the week
of which American
Amount
March
8.
63,000
13,000
March
(^6
..@6
.M^
••a6?4
.®'>H
ll.OOC
34,000
3,00C
2,000
736,000
55ij,OO0
61,00(i
86.000
82,000
8,000
297,000
817,000
S0'.,000
241,000
..(a")
..(©(>
43,00C'
5(i2.000
show the dally closing prices of cotton for
Mon.
Tues.
Wed.
Thura.
©fiH
Mar. 89.
22.
46,000
11,000
35,000
3,000
2,000
730,000
5-16
3-10
3S,00(i
6,00l>
34-J,000
256,000
the
week
:
Fri.
5-16
.M^'i
..(^6 3-16
..%6}i
..(3,5
Futures.
These
sales are
oa the basis of Uplands,
Low Middling
ciauee, unless other-
wise stated.
Satubdat.
Mar. delivery, 5 15-16d.
,Mar.-Apr. delivery, 5 29-3M.
Apr.-Maj' delivery, 5 15-16d.
May-June delivery, 6d.
June-July delivery, 6 1-331.
Jaly-Aug. delivery, 6 1-liid.
Miir.-.\pr. delivery, 5 15 16d.
ielivery, 5 31-32d.
t^eiivery,
Uphnds,
ord. Clause, sail, ti l-liid®l-3i.
Monday.
Mar.-Apr. delivery. 5 15-15d.
Mar. delivery. 5 15-16d.
July-Aug. delivery, 6 l-15d.
Mar. -April shipment, sail. 6 l-32d.
June-July delivery, 6 l-3Jd.
Nov.-Dcc. delivery, 6}^d.
Sept.-Oct. delivery, 6 5-32d.
I
luly-Au?. delivery, 6 l-SJd.
Mar. delivery, 5 29-32d.
Mar.-Apr. stiipm't, sail, 6d.
Wbdnesdat.
Mar. delivery, 5%d.
Mar.-Apr. delivery, 5%d.
June-July delivery,
Apr.-May delivery,
May-June delivery,
Apr.-May shioment, sail,
Apr.-May delivery, iy,i..
Ang.-Sept.
5 S!)-8Jd.
5 15-16d.
delivery, 6 l-16d.
Feb. shipment,
6d.
sail, 5 lG-16d.
bd.
5 I5-16d.
June-July delivery. 5 31-3M.
July-Aug. delivery, 6d.
Nov.-Dec, delivery, 6 l-16d.
Fob. shipment, sail, 5 I5-16d.
Mar. delivery, B%d.
Apr.-May
delivery,
5%d.
Ang.-Sept. delivery, 6 l-32d.
Mar.-Apr. delivery, BJ^d.
Fbibay.
Mar. delivery, 5 13-163.
Apr.-May delivery, 5 I'MBd.
May-June
delivery, 5Ji@27-32d.
29-32d.
15-I6d.
&ug.-Sept. delivery, 5 31-330.
June-July delivery. 5
July-Aug. delivery, 6
Steam.
Sail.
d.
,
.
Havre.-
Steam.
d.
X
omp.
X
^
7-:;27&!i
Sail.
7-3 ;@'i comp,
.
Steata.
:
^-HambHrg-^
,
Steam.
Sail.
c.
Ji cp.
Monday.. T-32a« 7-iJ@M' comp.
Tuesday. 7-38©^' 7-3!@lfcomp
Wed'dav. 7-32^'< 7-3i®!< c )mp
Thur'dy.. 7-32(9) 'i
Friday... 7-32(a!i
,
c.
Saturday. 7-3-3a;i '(-323>X comp.
as lollows
— — Bremen. —
cp.
cp.
-mv,
-mi
-Wi
;cp.
cp.
cp.
Sail.
c.
c.
11-16
11-16
11-16
11-16
11-16
Il-Io
X
cp.
cp.
cp.
cp.
5£
i£
^
X
X
cp
cp.
comp.
comp.
comp.
comp.
comp.
comp.
—
—
—
—
—
—
BRSADSTUFFS.
Friday,
The
P. M.,
March
29,
IS'8.
market has been active during most of the past
week, and prices of low grades and common shipping extras
have slightly improved. The medium and batter grades were
depressed by free offerings, especially of brands from winter
wheat, but those became steadier. Large lines of common extras
were taken for Great Briiaia at f-l 85(g5 00, but yesterday |4 95
was an inside figure for anything desirable. Rye flour and corn
meal are rather firmer. To-day, flour was dearer, and lines of
extra State sold at |5 and upward.
The wheat market has been active and prices show an irregular
improvemsnt. The better grades of wiuter wheat (amber and
white) have improved most, being taken quite freely for the
Continent. In the course of Wednesday and Thursday there
were sales on the spot and for early arrival of aboat 600,000
bushels, including No. 2 spring at $1 25@l 27 the higher figure
for Milwauaee, f 1 31(al 33 for No. 1 fpring, |1 33(31 84 for
No. 3 red and amber winter, $1 30@l 39 for No. 1 do., and $1 41
@1 45 for prime to choice white. Receipts at the Western marflour
—
somewhat reduceJ.
The Spring wheat is yet to be sown,
kets are
or, at best, that work ha^
been hardly finished. To-day, the market was excir.ed and buoyant
Choice white brousht $1 46'itl 47; No. 2 Milwaukee, $1 29@1 30;
No. 1 Spring, $1 35; No. 3 do., ,f 1 32(gl 22i and for future delivery.
No. 2 red winter for April, $1 30f, and Mo. 2 Spring for April,
$1 27(al 28.
Indian corn has been irregular. Prime dry samples, whether
Western or Southern, have been well (uppnrted by a relatively
small supply, though not much wanted. The receipts of Western have been mainly of the lower grades, and yesterday steamer
mixed sold at S2c. and No. 3 at 47A(g48c., the forming showing
,
The Speculation in futures
was very slow throughout the week, and yesterday the prices for
the next three mouths scarcely varied f.-om spot figures. Receipts
To-day, the market
at all points continue liberal for the season.
was better; No, 3 mixed,48@49c., steaiyer do. 53J(g54c and No. 3,
55J(g50e. with sales of futures, including steamer mixed at 5S@
53fc. for April and No. 2 at 5ji'«)j'Jc. for May and June.
Rye has continued active for export to the conlini nt at 73c. for
No. 3 Western, and 77c. for No. 1 State and Canada in bond; and
a decline of l|c. and the latter 3c.
,
,
yesterday No. 1 State sold at 78c. for the last half of April.
To-day, there were large s^alt-s at a further advance No. 2 Western for spot and to arrive, 73c.; No. 1 State, 79c.
Barley has been in demand.
Export satisples are scarce. Western feeding sold at 47|(a48c. Domestic malting stock has a slow
sale, and this fact makes the market appear irregular.
To-day,
six-rowed State sold at 70c.
Oats materially declined under a pressure to close out or reduce
stocks in store. The reduction at the close of Wednesday's business was l@3c. per bush. To-day, the market recovered part of
the late decline. No. 3 graded closing at 35ic. for white, and 34ic.
for mixed.
The following are closing quotations:
Flour.
Ubaim.
So.i
1^ bbl. i3 COa 4 OOl Wheat— No.3 8pring,bu8u $1 20<J 1 53
No. 2 spring
Superfine State & Westi aB^i i 30
"
No. 1 spring
ern
4 403 4 90]
1 33(i 1
~
Winter
Sxtra State, &c
Red
Win
5 003 5 15
1 30^ 1 ''O
Western Spring Wheat
Amber do
1 33ii 1 41
extras
4 95^5 80
White
1 3S.a 1 47
5 35a 6 50 Corn West'n mixed
do XX and XXX
473 56
dowinterX and XX.. 5 10® 6 50
Yellow Western, old...
do Minnesota patents.. 6 OO.a 8 00
Southern, yellow, new.
Sia 55
City shipping extras..
5 103 B 03 Rye.
73a 79
City trade and family
Oats— Mixed
33® 35
brands
6 103 6 50
White
343 -39
Southern bakers' and fago® 90
Barley— Canada West...
milyhrands.
5 603 6 75
State, 2-rowed
683 65
Southern shipp'g extras.
6 203 5 50
State, 4-rowed
68® 15
3 403 4 00 Barley Malt— State
653 85
Rye flour, superfine
Oornmeal— Western, &c. 2 40,-* 2 75
Canadian
1 00® ! 10
Corn meal— Br'wlnc^ &c. 3 053 3 15 Peas— Canada.bond&frcc
83a I 00
The movement in breadstu Ss at this market has been as follows
— —BBOItPTS AT NBW YOSK.
ixpoBTs rnoK nkw york.—^
1877.
—1878.
Same
It
1878.
time
Since
Since
For the
Since For the
For the
18-7.
Jan. 1.
Jan. 1.
week.
week.
Jan. I.
week.
;
good
;
:
—
|
:
Thursday.
May-Jane delivery,
— —
I
Tdesbat.
I
week have been
freights the past
Liverpool.—
"
Apr.-May delivery, 5 1B-I6d.
May-June delivery. 6d.
Apr.-May dflivery, 5 15-lSd.
May-June delivery, 5 3l-33d.
June-July delivery, 6d.
.
i
Apr.-May
June-July
OoMon
.
.
[Vol. XXVI.
Mar.-.Vpr. shipment, sail, ^%i.
'Apr.-May delivery, 5 23-32d.
June-,TuIy delivery, 5%d.
July-Aug. delivery, 5 29-32d.
Aug. -Sept. delivery, 5 15-16d,
Nov.-Dec. delivery, 6d.
—
,
80,071
1,003,170
Plonr, bbis.
4.434
43,686
C. meal, " .
Wheat, bus. 744.316 10,559,6)2
" . 695..J0S 4,671,775
Corn,
" . 80.0.16
451,801
Rye,
69,738 1.642.499
Barley. " .
Oats...." . 208,760 1,439,047
601,792
61.887
«6,915
3,672.885
117,357
779.891
1,453,115
48,-503
62.1,282
4,131
710,481
440,556
58,912
111,276
1,475
49,078
9,9I2,S30
4,012.032
618,402
1,019,016
53,996
foUowiniif tables show the Grain in sight
of Breadstttfis to the latest mail dates
The
ment
,
,
,
.
.
20,B:7
1,924
82,356
528,538
8,419
26,772
797
887,691
51,586
1,586,358
4,809,794
877,891
151,158
34,593
and the move-
;
.
March
IKCIIIPTK AT
MARCH
THE CHRONICLE.
30, 1878. J
825
LAKR AMD BIVBH PORT* rOR TH« WKBK KNDINA until a later period than usual. Ttie Snancial ondltlon of the
from drc. 31 to marcu 33. AND FROU
dry goods trade is considered sound, and an a rii'e both wholesale
AUO. 1 TO MARCII 23.
and retail buyer* are meeting their payments with common lalile
Kyc.
Barley,
28, 1878,
(IM
Ibi.)
IVsr.iit
Uii'V''1aQd
Si. I,.)iil«
(60
Ibfi.)
(iiO
73,iati
4,611
l.tS,!*!
1,.^50
11,160
118,711
btiph.
buab.
(48 IbB.) (9K lbs.)
buRb.
««?.076
18,.'Mn
SOOO
w.ono
36,87S
166,ia9
6,051
3 2S0
B9..WS
i:3 491
8<,4I6
41,67U
Toledo
OlU.
(Si Ibn.)
bnah.
bb:a.
AtCblURu...
Mllwkakee
Corn,
bnah.
(56 Ihp.)
Wheit,
rionr,
5,M7
li.BW
89,8-4
8,814
1!2
4,430
400
4.9
Argentine Republic, 435 packages; Great Britain. 100 Brazil,
185; Japan. 154; Mexico, 131; Antwerp. 77; United Sates of
Hayti, 81
Colombia, 43 ; Cuba, 33
British North American
69.585
91.917
84.716
80.188
Colonies, 35;
74,4-)0
n..M6
14,1110
116,",75
ia 1,115
37,760
1,5^8.711
18U,I>?3
695,914
514.774
61.460
81,313
».t.\9C3
601,140
757, '87
774,693
419,413
849,623
S06,670
219,576
67,761
11.760
Tot. Oec.31 to Mar.W.,1,.W,07S 11.9«,101 1-J,87 1.665
910.41.9 8,6ri,869 13.317.843
Bamatlme 1877
1,016,714 8.030,632 13i5l6,751
Same time 1876
91-3,3 13
8,8a;,776 10,164,431
Same time 1»T:
4,199,98s
«,947.470
8,:90.631
3,514,08*
1,903.021
1,355,»76
1,790,775
1,117,778
690,803
471,9:1
P«irl»
Duluth
Domestic Cotton Qoods.—The exp-irts of domestics from
week ended Marc'i 28 reached 1,384 packages,
the more important quantities of which were shipo^d as follows:
this port for the
S0,9Sa
11,138
'
8,600
S}«,56»
19,816
1,6S0
promptitude.
14,981
;
;
91.793
Total..
PrevlouBwocli
Ciirre«i''ng week, '77,
'76..
TotAae.
I
1,S.33,53«
;oMar. «3 4.101,469 55.46 S.700 47.961.281 16.611.539
2'i5,«41
490.381
8,:i81,881 J,6fi7.6in
Same lime l,-r:7. .. .8,661, 161 33,0«<.85l 61.087,744 18.9'I3.2(.0 7,411,0J5 2,3*1,195
.S,4a?,til7 47,873,3!8 S4045.4.30 18.44.), 408 6.477,311 1.515.491
Same time 1876
.3,433.116 44.S70.7M 29.393,011 15,440,839 5,06(.97i 1,0J7,002
Same thne 1876
3SIP.UeNTS OF FLOUR AND GRAIN FROM WESTERN LAKB AND
RTVBR PORTS FROM DEC. 31 TO MARCH 23.
Floor,
bbls.
Wh-at,
Tot.Dec. 31 to .Mar 24 1,810.571
ai8.3i7
Same time H"7
1,134.066
Same time 1876
5,991.668
1.653.094
365S5I6
Same time
3,109.171
947,37J
1876
Corn
bush.
Ry,
Oats,
bneb.
Barley,
bnsta.
basb.
2,.5.V2,088
1,083,866
1,71-3,169
819 967
741.912
545.6i9
415,805
817,214
131,637
!71.33l
baeb.
9.103,160
6,611,775
9,186,274
4,554,309
a,100,i:0
a.033,366
RAIL SniPMKNTS OF FLOOR AND GRAIN PROM WESTERN LAKE
AND RITER PORTS.
Wheat.
bbls.
bush.
Corn.
bash.
Wecltcndio" Mir.
13. 1«73..
ai.Ml
497,7.50
l,Oi!,553
Week
21, 1877. 41,393
2«, 1316.. 80.039
101,361
.331.610
2i3.91-.
635620
S6),76i
4)5,101
Flour.
cnill.,'
Mar.
Weefcendiiii;
M«.
Weekendlni;
.Mar. 17. 1<75.. Si,i65
Barley.
Oats.
bn>h.
bash.
41,107
51,248
45,717
1J,217
13,315
bush.
303 217
101,910
m.ijiil
278,041
Ryo
55,6!ll
39.034
27.016
BBCBIPTS OF FLOOR AND (iRAIN AT 8BABOARD PORTS KOK TUB
WEEK ENDED MAR. 2^, 1878, AND PROM DEC. 81 TO M.\R. 23.
Flour.
At—
New York
bbl«.
8-1,571
B'.Mton
26,4»6
8,500
11,876
Portland
Xratreal
PhlUdelphta
NewOrleans
16.4
19,8jS
17,003
Total
182,6.37
Baltimore
Prevloaswcck
Oor. week'77
Doc. SI to March 23.
177.401
107.634
Wne*',
bu(h.
Corn,
bash.
Barley,
hush.
Oats,
bush.
765.173
85,500
146,000
794
70,500
101,100
3,1S5
59-2.-306
1.111,357
1,054.435
28.811
2,311.192
1,919,12;
1,161,731
61,050
8.500
10,500
231,361
4>,386
5.500
177,"50
1,600
520;966
725,400
l,:0,)
i,-;03
.71400
11,650
10,000
17,2*4
32i,-23«
Kye,
husb.
r.a,3u
1,000
939.418 15,041,317 2l,n3,3>7
Wheat,
bash.
I,6f5.796
In store at New York
In store at Albany
3.30O
In store at Buffalo
461,940
tn store at Chicago and afloat. 1,.5P8.I()7
In store at Milwaukee
517,719
In store at Dalnth
84,832
Instoreat Toledo
268,000
1-12,101
In store at Detroit
48i,u00
in store at Oswcg(,*
tti store ati3t. Louis
113,831
Instoreat Boston
In store at Toronto
In store at Montreal
In store at Philadelphia*
In store at Peoria
Instoreat Indiaaapolls
In store at Kansas City.
.
Instoreat
Rail shipments, week
E-it. afloat in Now York
Total
Feb.
23. 18:8
F.!). 16, 1378
!
-
..
.M .v.:a
25ii666
614
1I4,.'26
9,035
481,892
e-:
29.506
:5,ooa
23.214
109,141
97,900
n',434
l",;42
61,909
368.178
497,7.'j0
1,031.5.52
150,000
xs'.iii
315,000
41,107
200.0CO
51,848
30.1,000
611.163
611.635
t81,864
619.096
460. -225
177,678
7,8;13
a,5i9..35')
2.583,:33
6,610,552
2,678,f.-J4
a.892..391
..
8.643.362
8.035.431
5.433,1.31
6..33I,8I9
2,665,311
2.815.721
8,913.793
2.931.715
2,297.716
2,825,399
S,S41,983
2,i72,5;8
.SllS.lll
3,736.914
4.134,476
2,700,185
5.527,841
4.335,817
6.099.408
»,68i-,450 10,49>,O35
9.601.292
slaoe
liiil
1,606
t.7-18.46-3
.. 9,-286.489
8',5X)
43,493
3,434
705
.3,00)
8.-211.0I3
..
lli5,815
4,666
l-28,(X)i)
7.563.449
8,051,079
,..
Rye,
bush.
124 361
109,500
16,793
10.503
UO.OOO
..
..
1878
it, 1877....
il.
218,900
54,5.50
381.924
36,747
..
..
Mar. 16,1873
Mar. 9. 1S78
Mar. 2,1878
38.700
143.703
910.614
6,U66
451,-li5
122.638
572,000
46.537
67,197
100,789
1,073.110
9I,.311
Biiltlinore
Barley,
bush.
0.lta,
bush.
1.0S2.495
105,600
4.884
875.000
32.751
18,307
174,414
46.377
30.446
505.152
896,892
160.000
6,192
.
Corn,
bash.
431.0-22
were subjact-^d to a slight reduction. Bleached shirtings conunsettled, and some additional makes were reduced in
conformity with the late auction prices. Denims, ducks, tickings
and corse', jeans were in steady demand for moderate lots and
ruled firm in price; but cheviots and cottonades were less active.
Print cloths were depressed in sympathy with the unsettled state
of the print marke', but prices were nominally unchanged at
about 3 5.16c., 30 days, for extra 64x64s, and 3(33 l-16c., 30 days,
Prints were in irre,4ular domani at first hands, but
for 58x60s.
largo sales of Garner's, Harmony and Dunnell's fancies were
made by means of very low prices. Garner's prints were offered
by a leading jobbing-house at 4ic., less 5 per cent 60 days the
lowest point ever reached for a standard print. Ginghams continued in very good demand, and cotton dress goods were in fair
tinued
—
request.
—
Domestic Woolen Goods. The demand for men's-wear
woolens lagged far behind the expectations of holders. Lightweight cassimeres and worsted coatings were placed in small lots
with clothiers and jobbers, but in most caaes price iaducemeats
were found necessary in order to effect sales. Heavy cassimeres
received some attention from intending buyers, an a few orders
were placed for cotton-warp goods; but transactions were light in
the aggregate. Special makes of cotton-warp beavers and lowgrade chinchillas were taken in small parcels^by the clothing
trade, but all-wool overcoatings were in little d>^maad. For black
cloths and doeskins there was only a limited inquiry, but prices
continued steady. Low and medium grade Kentucky jeans met
with a hand-to-mouth demand, and printed satinets were sold to
i
2,310
1,491,211 l.:;78.049 16.519.5li6
Bametlme 1877
8»m« time 1876
2.009.437 4. '60,319 I6,t0t.714
time
1875
1.735,809 3.8h9,95j 13,180.580
Same
The Visible Supply of Urain, comprising the Slocks in
granary At the principal points of accumulation at lake au(i
seaboard ports, and in transit by rail, Match 23, 1878, was as
follows
amount at rather low prices. Cloakings were lightly
Worsted dress fabrics were fairly active in jobbers
hands, and there was more frequency in the demand for re-'
Worsted and Shetland shawls were
assortments by jobbers.
distributed in small parcels to a moderate aggregate by agents
and jobbers.
Foreign Dry Qood3. Business was light with importers, and
there was a continued pressure on their part to reduce their
stocks on hand by means of the auction rooms.
Silks were In
fair request at the low ruling prices, and novelties in millinery
goods and ribbons continued fairly active. Dress goodi were
only in moderate demand, and large lines of cashmeres were presa moderate
dealt in.
—
ented at auction with indifferent results. Linen goods ruled quiet
in first hands, and white goodji, embroideries and laces were inactive.
Men's wear woolens remained quiet, but staple makes were
steadily hel I. Canton mattings were largely distribu'.ed at auction, and these goods were fairly active in jobber's hands.
Impurtittloiia or Orr CSooda.
of dry goods at this port for the week endii g
Mar. 28, 1878, and for the corresponding weeks of 1877 and
1876, have been as follows
1.TXBCD roB OOHBDKPTIOlf FOB THB WBBK BBDIHS XKR. 23. 1S1B.
The Importations
6(j8,611
il!i.212
786.-196
766,516
:
silk
flax
tllBcellaneons dry goods.
THE BUY aOODS TRADE.
Total..30, lb78.
ITlTHDBAIiril
demand was mostly
Miscellaneous dry goods
hand ta-mouth
character.
The jobbing
South-Weat indicate that tha spring trade is progressing more
favorably than wag anticipated a short time ogo. The print market continued in a very unsatisfactory condition and stocks of
Dunnells, 0.irner3 and Harmony fancy prints— amounting to
several thousands cf cases— were closed out by agents at lower
prices than ever before
known
in
the history of the trade.
Woolen jtaods for men's wear remained very quiet, and theclothing
trade seem iacliued to defer their purchases of autumn woolens
do
do
689
357
371
18T7
.
Pkgs.
664
1,005
.
?alne.
t25].5S0
388.616
1878
.
Pkes
530
1158
658
53?,o01
688
U6.188
81.9
2-14,357
8'ir
170,196
1,69)
131.075
3j6
aioii H,495.399
Slaanfacturesor wool....
00
cotton..
of a
.
(312.SC6
?32,18l
474.32i
4,910 $1,477,659
silk
flax
ToUl
Addent'dforconsnmpt'n
8,327 $1,25-2,613
587
888
139
4;6
1131.603
19,-243
137,420
451
937
118,803
4I4
2,144
83,105
6,87.1
slm
$610,179
8,932
1,495,899
111
8,181
4.910
tlEO.863
7«.8pS
89.178
94.119
61.017
11502.599
1,477,659
419
883
118
691
m
175
367
J31).«ll
145.013
188.005
96,800
SIlscellaneouB dry goods. 1,106
67,1«
ellk
flax
3.30
SOO
18<i
£59
309
$!20.9|8
63.83|
185,117
67,588
85.465
TmS
»7I0,6O6.
"l.384
|46},ia3
Wd^nt-dfor-coniumpvij;^
MS'-l^a
_4>
1 .477.669
Total
rotriIentei«d at the port. 6.530 13,205,005
8,814
$1,910,818
83,137
111.413
189,474
ti0,615
7,-82
8,3i7
|559,6U
Tm
Manufactures Of wool.... 565
cotton.,
do
}igS,I7S
».3m
11,115
$2,:05,578 lllMr $1,980,258
Total thrownnponm'k't.
BBTIBBD »OB WiBBHOnSMS OtJBWa SA.HB FBBIOS.
do
do
-i
Valae.
(212,441
«96,4!0
408.175
1B8,782
131,712
VBOM W^BIHOOSX ^HO THHUWM IHTO TBB lUBKBT ODBOitt THB
SAMB PIBIOD,
f Business has been irregular tlie past week with the package
houses, and while some large traosactions iu prints and brown
and bleached cottons wore stimulated by lower prices, the general
trade of this city -was moderately active, and accounts from
nearly all the principal distributing points In the West and
1876
.
Fkgs. Valae.
Sfanafactatesof wool.... 7c6
do
cotton. .1,279
do
do
* Estimated.
Fridat. p. M.. Starch
;
Hamburg, 25, etc. Brown sheetings and drills
were in steady demand and fairly active, aside from a few makes
of fine brown sheetings, such as Pepperell, Nashua R, etc., which
1,251,618
$:,812,2J7
538
$511.59;
195
149
l«,m
408
86.6tt
J51
1,541
8^
B4,48«
BB.OW
$612,588
V^fili
4.S68 $1,7(^15
—
THE CHRONICLE.
326
COTTON
SEED TO LOOM.
FROM
8
1
-r
8
[Vol XXVI
Cottnn.
Pirn, Forvvood& Co.,
GENERAL COMMISSION MERCHANTS,
BOX 613,
Orleans, La.
P. O.
New
P.
O. BOX 4964,
Tiew York.
Execute orders for Future Contracts
In
New
YorSE
nd Liverpool, and make advances on Cotton and
ther produce consigned to
.
LEECH, HARRISON
FORAVOOD,
&.
LIVERPOOL.
Also, execute orders for Merchandise In
NOW READY.
Ensland, GUina, India and Singapore.
UNDSIR .VEITERS IN NEW ORLEANS
for the
The
British & Foreign marine Insnrance
Conipaujr of Liverpool.
contents of this book are as follows:
OF
IMAI*
We
Map
have prepared a large
Introductory
—Showing
made
is
'W.
CHAPTER
II.
—
—
—
— Cottnn
—
—
—
CHAPTER
Growth — Formation
Tl.
—
of the Bud, its Shape, &c.
The Blossom, how it
changes its Color and Shuts and Falls Formation of Boll- Habits of Blossom and
Definition
Bottom
Crop,
Middle
to
of
Crop
and Top Crop
Sun
Plant in Itelation
Cotton Enemies in Summer, Lice, Rust, Shedding, Boll-Worms, Caterpillars. &c.
Number Bolls to Make a Pound, & :. Raiufall, Thermometer, Cukonicle Weather
Reports and Agricultural Bureau Repirts, from July to December, tor 1870 to 1877
Tables showing Date of Frost, and End ol Picking Season at a number of points
Important deductions from this
in each Soutbein State for Seven Years Past
Review and Analysis of Weather for past Season.-, &c. &c.
Fall
—
64
Tork. and Messrs. D. A.
Baronne Street.
—
Orleans.
'ICKSBURG,
&
Co.,
iniSS.
Miscellaaems.
H.
J.
&
Baker
Bro.,
NEW TORK
STREET,
215 PEARIi
AND MANUFACTUriEf^ OF
Prime 4luaHty Cliemlcal
Jflanurfs.
Chemicals for the VUle furninlas, for all Crops
Chem.lcala for the Stock!)rid>:e formulas.
Dissolved Dune— Sulphate Aunuonfa. Nitrate Potaali
Nitrate Soda, Sulphait: of Potash, llurlaieyf Potash
Super-phosphate I.lmfl
40 per cent actual Potash.
Alfeo, strictly pure tiround Hone.
Our descriptive circulars mailed free. The materia
f«r
*spf d;*' r.-TrlHzerM
for nsrti^'ular crnn*
George A. Clark
5;
Bro.
^^^>
—
—
New
Co., 51
GIVKN A
Orders to urchase Cotton In our market solicited
Refer to Jessrs. XOKTON SLAUGHTER & CO.
New York.
UIPORTEIiS
Plant very tender in Early Life aod tough afterwards— Its Early
Crab Grass Wet May and June Rainfall, Thermometer,
Chronicle W ealher Reports and Agricultural Bureau Reports, from January to
June, for 1670 to 1877 Very impoitant dedoctious from the weather data, &c., &c,
Bummer and
.
InformatloD
all
WATTS &
Cotton Factors,
V.
—
—
—
S JN
—
Planting— CuUivatioB from January t) June— How Land Prepared and Seed Planted
Old Lands being Reclaimed Early Growth of Plant Chopping Out— Securing
Enemies and Diseases
New
Stone street,
IT.
—
—
Acreage in the United States Yield and Acreage by States since 1S69 Possibilities of
Crops wi'b Acreage given Growth in Acreage illustrated and proved Percentajje
of Production and Acreage in Each State, &c., &c.
a Stand
afforded by our friends. Meesra. D,
D. W. Lamkin
India production of Cotton Goods from Earliest Dates— Interesting Review of the India
Export Trade in Goods from before the Christian Era to the Present lime, &c.
Tlie Monsoons and tlieir effi'ct upon and relation to the Cotton Crop Also, tlie
past Production of Cotton in India and the present supply, with a detailed
description of each Cotton District from which the present supply comes Several
wood-cuts and full Statistics of the Trade, &c., Sic.
CHAPTER
and orders (or the
Advances made on conslgmneDU, and
III.
CHAPTER
COTTON
parctiase or eale of future slilpments or dellTerl^fc
Cotton in the United States from the dale of its earliest production,
tracing the progress from year to year, with the inventions wbich gave the
imputue to that progress; also a table of receipts and exports at each out-port ol
the United States from the earliest records down to 1877, &c., &c.
CH PTER
Brown's Bulldinsa,
ftoUrlt.conslgnireDt8 of
History of
A
21
Co.,
LIVERPOOL,
I.
the Object and Scope of the Book.
CHAPTER
&
C. Watts
among
other things, all of the
up from original sources and will,
of India, showing,
The map
cotton districts of'that country.
we think, be found very useful.
IINI3IA.
—
,
CHAPTER
—
—
—
—
Qaihering p.nd Marketing of Crop The Influences affecting Market When and why
a Crop will be Marketed Early An Analysis of the Movement to the Ports of Each
Crop from 1870 to 1877, and ihe Reasons tor Delays and for Haste Tables Showing
at Several Points in Each State the Date of the Receipt of First Bales, Arrivals
New Cotton to September 1, &c., &c. Also, Height of Rivers for a Series of
Years. All these facts are so arrasged as to enable the reader to form a correct
opinion of the future. This chapter closes with the dai}y rtceipts and percentages
—
YIII.
CHAPTER
and Liverpool
Price,
lowest marall kinds
Also,
ANTHRAcIte COALS,
The Trade
supplied.
ALFRED
IX.
PARIIIELE,
33 Fine street.
Yard— 53' West
aid s treet.
&c., &c.
This is a very brief summary of the contents of this book. It is a
large octavo volume of over three hundred pages, containing evertliing the
trade needs for reference, and drawing conclusions from the experience of
the past, which ought to make crop estimates in the future less difficult
uncertain.
Orrell,
in yard, for eale at
of the best
New York
Consumption of Cotton in Europe and the United States— Some Thouffhts on this
Subject which may be Suggestive— Also, full Tables and Statistics Showing Past
and
American
ket prices in lots to salt purcUasers.
Prices of Spots and Futures, for a Long Series of Years, at
Cotton Movement at New York, &c., &c.
Consumption,
Cannel,
Liverpool Orrell,
Jinglisli
Now landing and
of past receipts for a series of years, &c., &c.
CHAPTER
JIID'S ifKLlX ^'EEDLES.
400 BROADWAY. NEW TORK.
l?lIt.W
VII.
------
Will J« mailed to
Three Dollars.
any address post-paid on
Smith's Umbrellas.
GINGHAM
,
GUAWAOO,
$1
any.ize
p:itOUted
00
00
2 50
Fine Silk Umbrellas in great variety.
Umbrellas and Para«ols to otdtr & repaired.
1203 Hrr.udway, corner th stieet.
104 BroadwBjr, mar Wall street
SILK, paragon frame
-3:
77 Fiiltou Street,
receipt of price.
2
.
near Geld.
WHOLESALE
405 Broadway, nar Canal street.
:
Wm.
B. Dan.^
UE1V:SV
&
HERBERT,
Co., 79
&
8i William
5 Austin Friurg, Old
Broad
St.,
St.,
N, Y.
London.
Established A.D.1802
:
:
March
30.
:
:
TIIK CHRONICLE.
1878.J
Insurance.
Insurance.
iBiurance.
OFFICE OF THB
North
ORIENT
Mutual
New
OK
Co
AT
L
LO.VDO.^ A.\D EDI.\BURGII.
AN TIC
iNCORrOnATED IN 1809.
UNIfTED STATES BRANCH:
54 William St., Cor. Pine, New York.
Established December, 1860.
181U Jaunory, 18T8.
York,
of the affairs of thia
the 3l«t day of December, Io77,
Company on
cantile Ins. Co.,
OFFICE OP THE
Insurance
The following Statement
and Mer-
British
ie
Mutual Insurance
Co.
published iu conformity with the provieiona of its
Called in aid paid up Capital....
Reservefurallotheriiabilltles, Includins: re-insurance
Net Fire Surplus and Reserve
$1,363,636 3C
J,S17,<>28
Premiains unearned 3l8t Dec, 1S7S
f:95,916 72
Set Premlnma received during the year
CDdlnx 3l8t Decembtr, lg;7.
755,078 89
New
YoiiK, January S3, 1878.
The Tmsteee, in confonnity to the Charter
Company, submit the following Statement
of the
of
Its
on the 31st December, 1877
Premiums received on 'Marine Risks
from 1st January, 1877, to Slst December, 1677
$4,710,665 83
Premiums on Policies not marked off
affairs
Total Premiama
(953,905 61
Sained premiuma of thayear
$8:0,3(8 55
Loaaeeand expesaea
62n,539 81
B«-lna ranee and return prenium?
182, '.73 08
Ist
ASSETS,
S.'aT
December,
Total
1877.
2,040,362 61
amount of Marine Premiums.
478.343 75
Pr,
Stocks of Curporationa
10«,038 58
Real Estate.
849,455 63
Receivable
and Uncollected Premiums
45?,507 74
Unsettled Accounts
miums marked
By order of
$1,561,951 54
the Board,
CHARLES IRVING,
Secretary.
TKirSTEES:
George Mosle.
Henry De B. Roulh,
Henry R. Kuhnhardt,
Lawrence Wells,
Alexander namilton,
Carl L. Recknagcl,
Edward
E.
aiy, 1877, to 3l6t
same period
$3,565,890
Returns of Premiums and
William Pohlmaan,
C. L. F. Rose,
Williams. Wilson,
Gustav Schwab,
L. M. Calvocorcssi.
Morgan,
Bank
amount of Asseta
on and
00
01
after
be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tues
day, the 6th of February next, from which date all
be
produced at the time of payment and cance'ed
Upon certiflcaies which were issued for gold premiums, the p.ayment of interest and redemption
Secretary.
certificates to
be in gold.
A
Dlvldeucl of Fortjr per Cent, is de
tlic net earned premiums of the Company
dared on
for the year ending Slst
Assistant Secretary.
December, 1817, foi which
be issued on and after Tuesday, the
certificates will
May
7th of
By
State-rooms and tickets secured at 3*3 Broadway and
at all offices of \Ve*.tcott Express Company In
York City and Brooklyn. Alto tickets for sale at all
hotel ticket-offices.
New
PROVIDENCE
next.
LINE.
ONLY FOR
Providence, AVorcester, IVasIiua and
all Polntis North.
steamers leave.
IH. Dally from Pier
5 P,
29 North Itlver (toot of
AVarrcn street.)
Freight taken via either line at lowest rates.
D. S. B.\m;OCK, President.
ON L W
Direct Line to
The
['Vance.
(Jecrral Traiis-AtlaiilU- (fnupany's
.Haii
Sti>aiiislii(i>',
15ETWEEX
ME^y
YORK AND HAVRE.
Calling at Plymouth for the landhiir of Passengers.
Tne splendid vessels on this favorite route, for the
Contlnsct—«AOlns provided with olcitrlc hells— will
sail from Pier No. 50 Nortn lilver. foot of Morton St..
as follows
Wed., April 3, 6 A.M.
CANAD.A. Frfnguel
Weu., Ap II 17. 7 P. M.
PE EIHE. I'anie
VILLEDEP .Ills, Durand ... Wed.. May 1, 4:90 P. M.
PKICE OP PA.^SAGt'; IN GOLD (Includlnir wine;:
To Ha\Te— Plrst cabin. #100; second cabin. 1*5; third
cabin,
; steerage, $:^t)— Including wlue, bedding and
^
order of the Board,
utensils.
H. CHAPiTIAN,
J.
FP.EIGUT
_L. w. FIL KI NS, Genera l Fasaeuger Agent.
certificates of the issue of 1871
will
will
STEAMBOAT EXPRESS TUAIN WILL
LKAVE STONINGTON AT 4:30 A. M.
63
Tuesday, the 5th of February next.
The
Years.
Hereafter the
$11,366,351 66
thereof, or their legal representatives,
POINTS EAST.
7 Consecutive
in
33,
00
the outstanding
certiflcaies of profits will be paid to the holders
The ontstanding
Line
STONINGTON and RHOBE ISLAND.
from Pier
North lUver, foot of
5 p. M. Dally
.lay street.
2o5,381 02
interest thereon will cease.
EUGENE DUTILH, President.
ALFRED OGDEN, Vice-President.
CH.\RLES IRVING,
BLADOEN,
THE ELEGANT STEAMEK8
Assets, viz.
per cent. lotereston
Sljc
John Welsh, Jr.,
Theodore Fachirl,
F. Couslnery,
in
Total
Henry E. Sprasue,
Theodore J. Ralli,
John D. Dix,
P.
FOR
BOiSiTOK,
AND ALL
Not a Trip Missed
United States and State of New York
Stock, City, Bank and other stocks. $10,565,958
Loans, secured by Stocks and otherwise
1,163,2CC
Real Estate and claims due the Company, estimated at
617,436
Premium Notes and Bills Receivable. 1,764,.S93
.\achincl088,
Walter Watson,
Arthur B. Graves,
Alex. M. Lawrence,
SAM.
Stonington
27
Expenses... (947,923 88
Cash
F. Davison.
Coustaniiu Menclas,
W. F. Gary, Jr.,
Ramsay Crooks,
II. L. Charles Rcnaald,
Frederick G. Foster,
Charles Munsio^er,
Ernesto G. Fabbri,
Carl Victor,
WHITE.
THE OLD RELIABLE
from 1st JannDecember, 1877.... $4,9C2,3S1 08
Losses paid du:ing the
R. Lyman,
II.
Hugh
E.
Manaokiis-
19,876 46
Total amount of Asaets
ANTON METZ,
CBAS.
$6,751,028 44
off
The Company has the following
11.
FlreAssetsheldinthe U.S... $1,767,276 53
The above does not Include the Life and Annuity
Fund?, which, hy act of Parliament, are In a distinct
and separate department, for whk-h the sarplus and
reserve of the fire Insurance Department, named
above, are not liable.
have been issued uiMn Life
Risks, nor upon Fire disconnected
with Marine Risks.
$951,729 43
United SUtes Stock
George
Invested and Cash FireAsset«.$8, 500,185 10
Subscribed Ciipllal, for which the
Stockholders are personally liable, not yet c .MeU in
....
$9,545,054 64
Reserve for 'otal Liahilliies, includlnfr reinsurance. In the U.S.
$780,518 04
Net surplus in the United States.
JS6,75S 49
No Pol icics
Caah in Banka
SiibfcripUon Notes, Bills
January, 1S77
04
4,818,620 70
Charter
Secretary.
To Plymouth, London or any railway station In
England— First cabin, $».t to lOO, accor:Ung to accom-
second cabin. %f^; thirtl cabin, |35, steer
age, $27, Including everythlug as above.
Return tickets at very reduced rates, avallabi
modation
;hrough England and Prance. Meamers marited tbu
• do not carry stecrHi:e passencers.
For passage and frelglit apply to
TRUSTEES:
J.
"ES EVER.Y
APPHOVED DESCRIPTIOH
LIFE^
ENDOWMENT POLICIES
C*Tf/IMS AS
MY OTHER CO.
FAVORABLE ASTHOSE OF
^ASHASSETS
MR $80,000,000.
R Ope.
cIlDcd Planes, Transmlaaion
luf Poorer, &c.
Also liai-
Charcoal and CU for
phlps' Klj-'giiiK, Suspension
v;in".zed
|Tlf!;;ra, OcrrlctGur^KcnTr
"'\-y -. (Ic.
Urye
A
iny
';
1^
stocK
on hand
(icfsin'tl
from
order.
MASON
43 BroaUtia'}',
A:
CO.,
New
II.
Russell,
David Lane,
Daniel S, Miller,
Joslah O. Low,
Royal Phelps,
Hand,
William U. Webb,
Francis Skiddy,
Adolph
Lerao)'ne,
Charles H. Marshall,
Charles P. Burdett,
ANDES
Alexander V. Blake,
Robert B. Mmtum,
George W. Lane,
Jsmes G. DcForest,
John
William Brjxe,
Peter V. King,
Horace K. Thurbcr.
Wiiliam
H
Thomae
B. Coddington,
Fogg,
Kork.
J. D.
JONES,
Edmund W.
BI-MONTHLY 6EKV;CK TO JAMAICA, IIAYTI
L'OLO.MKIAai.d ASIMNWALL. »nd to PANAMAand
SOUTH PACIKK; POUTS (rta Asninwail.)
FiiBt-class, falI-powfjj«d, Iron screw steAiners>
Pier »Jn. 11. \ortl. I:iv.>r.
ETNA
PacIIic Porta
(.-iH
Prcsidonl.
Vice-President.
2d Vice-President.
from
Asfiuwui.;,
March 30 ALPS
For Kingston (Jam.) and
April 13
I
Haytl.
ATLAS
AprllJO
Superior drsi-clnsi- piMjseUKer a.-cuinmod^ticn.
PIM, FOKWOOD A CI'.. Agents,
April 4
I
xo. 58 Wall
ireet.
Corlics,
H. JIOORE,
A. A. RAVEN, 3d Vice-President.
II.
Atlas Mail Line.
Charles D. Leverich,
CHARLES DENNIS,
W.
55 Broadway.
For Haytl. Colombia. Isthmus of Panama and South
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
Elliott,
DEBEBIAN,
Aisent,
Lewie Curtis,
James Low,
Gordon W. Bumham,
William Sturgls,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
lenirth
I'LATSTKKL AND
Uio.N HOPES for Mining
purposes manufactured to
JOHN
Charles
C. A.
STEEL AND Ca.\KCOAL
IHON of superior quality
suitable for WINING AND
IIOISTIXO PDKPOSES. .n-
•ly
Moore,
\V. II. II.
"
LOIJIS
Charles Dennla,
D. Jones,
;
JOSEPH GILLOTT'S
STEEL PENS.
SoU ly alt dtaUn thnugkamt tht
World,
.
THE CHRONICLE.
V]
<
Wm.
Cotton
o-ton.
COTTON
AUG ST A, CEOKGIA.
O
(
n
II
l'
174
Entire attention given to purchase of COTTON on
for SPINNERS and EXPOKIEIJS.
COBHESPOXMNCE
SOLICITED.
Eeferences :-Natlonal Bank of Augasta, Georgia;
Commission .Merchants, New
TorS; William B.D»na& Co., Proprietors Cohmbb.
ci»L AND Fi.viXCiAL Cheonicle, and other New
Voik Houses.
Hentz &
& Co
J
COTTON BROKERS,
No. 140 i»earl Street, near Wall, N. >
New
Measra.
Co..
6c
purcbase or sale of
for
contracti.
Lllieva! rtilvanre-i
fu'.ur
made on cc
Knoop, Hanemann &
No.
DE JERSEY
CO.
&.
H
COTTON FACTOKS,
MERCHANTS,
O Box
*'
Ifork.
BBeclal personal attention to the purchase and sale
Of '' CONTRACTS FOR FUTURE DELIVERY " OF
COTTON.
Robt. L. MaitlandSc Co.,
n
CO R
KOK E:\P0KT
Cotton Futures.
'
19-i
FRONT
117
JPcarl Street,
COTTON FACTORS
OF
&
Co.,"
¥ORK.
66 BROAD ST., JiElXf
BANKERS & COTTON COMMISSION MERCHANTS
Investment Securities bought and sold. Orders ext
cuted at the Cotton Exchangcsin New York and Liver
p^ol.
All
hn
Cov-'ifs
own can
possibly
HiislnesB ^•!in«^cf*'d STnrr!TT,Y
BO that no Interest of onr
connlctwltb that of our patrons.
8I0I7,
H. Tileston
Co.,
COTTON BUYERS & COMMISSION MERCHANTS
60 Stone Street, New York.
O -fiprs In Futures executed at N. Y. Cotton Exchange
Geo. Copeland,
COTTON BROKER,
136
J.
PEAKL STREET, NE%V YORK.
C. Johnson
&
Co.,
COTTON BUYERS FOR MANUFACTUBBRS
infiOlFHIS, IV^N,.
l<
RKI)
vr'
I
.-{"t.
•
<-\v
n:
A
h,
«
kk
v
i
>
<
•
i
NEW YORK,
OFFICE, No.
pa
1
1
v
BROADWAY.
1?,5
&
R. Smith
SHOWING THE
Condition oftlie Companion the first
day of Jaunary, 1878.
CASH CAPITAL
$3,000,000 00
Reserve for Re-lumrance
1,836,432 31
Co.,
Reserve for Uni)aid Lotees aua
Dividends
COTTON
COMMISSION MERCHANTS.
NEW
125 PEARL STREET,
44 Broad
Street,
SUMMARY OF
Cash
Boston.
O. Richards,
E.
& Krohn,
.
Fnturc orders promptly executed.
COTTON FACTORS & COMMISSION MERCHANTS
No. 134 Pearl Street, New York,
JiACAULAY.
Macau] ay & Co
COMMISSION MERCHANTS,
,
22
on
United States stocks (markot value)
Bank Stocks (market value)
and City Bonds (inark(M. value)
Loans on Stocks, payable on demand
State
s-ecurltles, |42T,098)...
Balance in hands of Agents
Real estate
Premiums due and uncoHected on Policies
2,0ie,S08
3,016,875
251,190
124,628
00
00
08
00
314,215
6.S2:2
185,204
12,500
47
39
13
00
7,871 20
Issued at this othcc
|6,109,52d
Total
WILLIAM STREET, NEW YORK.
Future Contracts for Cotton hcught and sold on
C ommission in New Y'ork and Liverpool.
L. F. Berje,
Insurance Company
of hartford.
INCORPORATED
Total Asset?, January
Capital
Re-iusurancefund.
Unpaid lossts
&
IN 1819.
1, 1877
j;.3,nOO.(X)0
87,115,t)21 43
00
1,741,273 42
...
other
429,114
_
ea—
^,
5,170.838 24
NET oDR°LUS, Jan. 1877. $1,945,236 IS
BRANCH OFFICE:
Xo. 173 Broiidwaj-, Xcw York.
JAS. A. AI.EX 'VPER, Agent.
1,
Liverpool
London
&
& Globe
Insurance Company,
COTTON EUYEE AND COMMISSION MERCHANT
NEW
R E A N S, A.!
Sawyer, Wallace & Co.,
O
li
Ij
45 William St,
J,
E.
PUESFORD,
COTTON FACTORS & COMMISSION MERCHANT
4T Broafl
Street,
1
CHAS. J. MARTIN, President.
J. H. WASHHURN, Secretary.
claims...
Hopkins, Dwight&Co.,
A. J.
lien
iETNA
KOURSE & BROOKS),
jial;aUjAX
$161,727 56
first
real estate (worth ^l.Sg^.'iOO)
(market value of
GENERAIi COTTON MERCHANTS
97 PEARL STREET, NEW YORK.
1..
$li,109,526 T5
ASSETS.
Banks
Interest due on Ist of January, 1^78
RICHARDS)
Shipping and Conunls«lon Merchant
No. 39 BROAD STREET. NEW YORK.
W alter
in
Bonds and Mortgages, being
Liberal advances made on consignments. Prompt
Scrsonal attention paid to the execution of orders for
ie T'urchasc or sale of contracts for future delivery.
256,391 42
I,016,7u3 02
NetSurplus
TOTAL ASSETS
YORK,
AND
J.
&
Sons,
Foi-ty-Nintli Senii-Aiinual Statement,
GENEHAL COMMISSION MERCHANTS
14a Pearl Street, New York.
(Succe ssors to
Neiv York.
R. M. Waters
S TRP^KT.
Boston ,
l'..«t
;i)K Ti
Insurance C
COTTON BROKER*,
53 BEAVER STR EET, NEW YORK
Co.,
Waldron & TainterT
COTTON BROKERS,
D A G
.tM> f><»M
bangs OF RlBlUNR M
BUI
No. 43 Broad Street, Nenr Tork.
Deiiwis
40 Wal^'r street,
manufacturkh.- >)y
INILA, SISAL, Jl'i'l!: &: '
COTTON FACTORS & COMMISSION MERCHANTS
&
Treasurer,
Superintendent.
Manche-t-r, N. H.
BLOSS & INCHES,
(Successor to A. L.
Advances made on ConslgHinents.
Peris.ins
.
MEANS,
M'. U.
Exchange on the CITY BANK, LONDON, aoo
10TTl>tGUEH & CO.. PARIS.
Street,
New
.
ARE^TAS BI.OOD,
01
AOEKTS,
3,909.
liocomottves and Amoskeag Steam
Fire Euiflnes,
MANCHESTER, N H
Henry Lawrence 6c
Peet,
Nevr York.
Farley,
COMMISSION
P.
MANUFACTURERS OF
WALI. STREET*
S8
,
Works,
Locom(.)tivf
Future Contracts for Cotton bought and sold on Commission, In
New Y'org and Liverpool.
Mancbester and LlTerpool,
132 Pearl
MANCHFSTER
Co.,
made on Consignments
.,-»»eg
B.
flO^RKr Lh
AND
of cotton.
UtD
S3 BXOHANGK PLACE, NEW TORE.
riiVAIVCIAL,
the purchase or sale of contracts for future delivery
»!!
AND
'
made on Consignments.
Special attention paid to the execution of eriersfor
GENERAL COMMISSION MERCH.ANTS,
No. 123 Pearl Street, New Yor''
CO
COMMISSION MERCHANTS,
J.
i'O.,
JJOOBT & JEMISON),
(Successors to
paid to purchases or sales of
or<ler>
Blsnuneut"
5c
SEC CHIT V.
Liberal advances
Advances made on Consignments. Spccla attention
he exe^mllon of
MADE ON ACCEPTAB1.E
I.OAN:«
I.'vprnnnI
&
\»'all Street,
YORK.
GENERAL COMMISSION MERCHANTS
BANKERS, COTTON FACTORS
BLIJJ)IN(J.
NEW YORK.
W.
*inf)
76
NEW
r«>..
&
&
Nos. 74
.\
BANKERS AND COMMISSION MERCHANTS
COTTON EXCHANGE
kT.
Mpw York
jemison
E. S.
GENERAL COMMISSION MERCHANTt-
for the
T N.
II A
New York.
Kli;iii
Robb &
AND
dthvery of cotton.
UC
FINLAV *
FINLAV,
sold on t;otnmt»Mlnn In
Cotton Factors
Special attention paid to
,
CALCUTTA AND BOMBAY.
FUTURE CONTRACTS FORCOTT'iN bouetjt
.
Murphy
VVart-,
Tfork.
S?:
Also execute orders for Me-cLandlse Throuei
hdwan H.Skinker&Co
97 Pearl Street,
.U
LIVERPOOL, LONDON AMI OLASQ'IW.
Establlalicd (In Tontine Building) 1S4 1.
COMMISSION AND COTTON MERCHANTS.
N
<>
I
Pearl St
17
Tlesara. J.V.JIF.S
Co.,
amts F.Wenmari
S N
&
StiUman,
6c
SEAMEN'S BANK BCILDINO.
Advances made on Con8lgni"*'its lo
ORDER
Hemj
^AOodward
Co.,
&c
GENERAL
ROKER,
1
MlEcellaneous
Henry F^entz
Akxander,
tlix
I
rvoL. XXVI.
New York.
Eksidest Manager.
@FedFRASER