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0t1tttttl*
HUNT'S MERCHANTS' MAGAZINE,
EPRKSENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
NEW
VOL. 22
YORK,
FlnanoiaL
Financial.
Bank-Note
(mCORPORATED NOVEMBKB,
OITXCX, No. 1
WAIX
Co.,
1859.)
STREET,
NEW YORK.
Co.,
No. 8 IVall Street, TfeMr Tork,
No. 4 Post Ofllee Square. Boston.
CHktjUKS ANU CABLK TKANSFKlCj ON
nUNRMB Jc f!U^ PAKI!«.
STEKLINO CHEQUES ON
ALBXANDER8, CI'NLIFFBS Ac CO.
Iiomdou.
SIXTY DAY STKKLINO ON TUK
Ugbest styl« of the art with tpteial t<tfeardt derlwd and pataUed, to prevent coanterting and alterations,
the
rui Company engraveB and printi bonda, postage
jnpi and paper money for varions foreign
Temmenta and Banking Institntiona South
—
R, T. Wilson
BANKSR8
2
A. D.
SHEPAHD,
VIce-Prea't.
&
Co.,
BROAD
tocki.
ST.,
NKIV TURK.
Bonds and OoTemment Securities bought
New York Stook Exchange.
Special Attention to State,
glTe
'e
County and Totvn Bonds, and
er defaulted Railroads for
vileh there Is no regular market.
QUOTATIONS FURNISHED.
<tr.
rarities
l>
j
^ansTvs
J.
Vug.
BaowN.
J.
WALaTOK
H.
BBOWM.
Brown & Son,
BANKKRS,
I
n Liberty Street, Hew Tork.
ATTENTION GIVEN TO THE NKGOTIA
TION OF
AII.ROAI> RKOCBITIKS.
Charles G. Johnsen,
3EIICHASIT
AND BAJWKER,
&
Morlffag security eUected.
Commercial paper neeotlatad.
&
(Members
AND OTBER
Wiia.iAH I*. TtrrrLH.,
jouN KwKM, Jr..
Member block & Gold Excta. Member Block Ezchauge
EWEN & TUTTLE,
BANKERS AND BROKERS,
Rroadwar and
lell
31
New
Grant
Company,
No. 33
IVALL STREET.
6. Bt. Jobh Sssrni*.
Samuel Shaw,
BANBLEB,
And Dealer In Oommerelal Payer,
6« IVALL STREET.
&
(LoaraoJ.-LOMOOIl.
&
64 BROADWAY AND 19 NEW STRSBT,
P.
New Tork.
O.BOX43S9.
Rallxay Sharaa
Order Bin GoTernment
and Bonds, executed strictly on Commlsslua. at tka
New Ycrk Stock Kxchauae.
Particular attention nafd to Inveatinents.
Forelm
Rxcbaoge Bought and Sold. Depoalu received aublect lo Bight chrck. »Dd inlernt allowed on dally
balance", accore tug to the nature of the account.
Piompt attention g.ven to ijollecilona and Remlttanrea. Inrorni.tlon co ceinlnga ytpcciaedaecurlty
will be chrerlully furstahed without charge.
F.
E.S.OIIJ.BT,
W.OlLLRT. Jr.
N. r. Stock Rxchangv.
NaLsow TAprAN.
FBBD. C. COLTOB.
StDSBT B. COOXB.
Member
Spaclal.
N, Y. Stock Exchange.
Cooke & Colton^
BANKERS AND BROKERS,
44 BROAD STBSBT,
NEW
TORK.
Stocks, Bonds, Gold, Foreign Exchange and Mlaoellaneous SecurlUaa bought and sold atnetiy as
GommlssloB.
etef
Co.,
Gargiulo
&
Co.,
BANKERS AND BBOKBBS
Nos. 4
Terk,
LONDON AND HANSBATie BAN!
I A.
New Toru.
Co.,
Gilley, Jr.
BANKERS AND RROKERS,
J.
TRANSACT A GENERAL NANKING BCSLNESg
STOCKS BOUGHT AND BOLD ON COMMISSION
IHTBREBT ALLOWED ON DEPOSITS.
G. Amsinck
SECURITIES.
W.
Member
BANKERS AND BKOKKRS.
Street, New
ASBiiT* roa TUB
lee GRAVIKR STREET,
Street,
tfepoalta.
&
Exchange.}
Eecnrltlei,
Stock!, Bonda and Gold on r.omululoo
laterwi allowed on
New York Stock
BROEERS IN
No. 16 ITall Street,
PINK STRKET, NEW YORK.
DRAW RXCHANOE ON
DAVID S-rUART dc CO. Liverpool, F.
Buy BDd
Usmubiu.
STOCKS, BONDS, OOLB,
Co.,
34
No. 83
>
Edwajid B.
Buckingham& Underhill
C.
OaiTRaAL EZOHANO* AXD PAVKtNS BVBIXasS.
IJ.H.LROTKiHK .'• iLL I'OiWTB.
.A.ndrew Stuart
BANKERS,
The iDTcstmeot of Trnut or other funds on riiat
G. BsOBxaoBas, Js.
Grant,
ISO Pearl
1BW OBI.BARI,
A SPECIALTY.
BANKBBS,
R. StrrcAH GSAHT.
MiClAL
6 Wall Street.
Advances inade on Consignments.
sold at the
rl
Maturin Ballou,
Pajable in London.
STOCK BROKERS,
30
New
1NVBST.1IBNT SB0DBITIE8
Accounts received and Interest allowed on balance'
which may be checked for at slfrht.
Sherman
Co.,
18
Street, Neiv ¥ark.
Membera New York Stook and aokl Kseliaace*,
NKUOTIATKD*
I^OANfl
&
of
Commlwlon, and
Boagtat acd Sold on
;
National Bank, and tiUman, <-on A Co.
Wells, Kargo A Co.'t Bauk, Sao l* ranelice
BANKERS,
S«carttlea, Q*ltf, Stoc-ks
Treasurer.
Fox
CORRESPONDENTS.
New York
Morse, Kimball
mud Bonda
WASIIINUTON, D.
PreaH.
JNO. £. GVItRUlR, Secretary.
idward C.
mnde on conglgnmenT*
«3S0,000.
•
Special attention Klren to CallecUoni, aad to tk
Inveatlng of money on artl-clau real estate lecnrliy
for uou-retldents.
EXCHANGB COVWT.
Qovemmani
mpanff in any languagt.
ntACDONOVGH,
Capital btovk,
Cotton and Tob&ccotoour address ;alao toourlrtemia
IB Liverpool and London.
lofmntunteaHftnt may h« addrettett to thil
VAN ANTTTERP,
Co.,
5c
O. CoLUaa.Caaklsr.
OF DENVER, COLORADO.
AND COMMlSeiON MERCHANT
Liberal ca«h ndvar.cee
European, West India Islands, Japan, &c.
H.
AXD CrKDITB FOR TRATaLBRS
S.
The Exchange Bank
TradttsmoD
nltod Stat«s Bonds, Notes, Cxavncj
and National Bank Notes.
BKaK^TTNO iXD PBINTDIa OF
iHK-JHOTHS, 8TATB AND BAII.ROAD BONDS,
POSTAQK AND RKVENTTE STAMPS,
iKTlnCATKS, DRAFTS. BILLS OF EXCHANGI!,
AND COMMERCIAL PAFEBS,
J.
J.
ESBBT, Preildant.
OONSOIilDATED BANK, LONDON.
ClBOtTLAR NOTBS
55a
Financial.
r. J
EKGSATXKS OF THX
lerican,
NO
1876
4,
-
&
John Munroe
THE
National
MARCH
A
6 Brvad
NEW YORK.
Street,
Stocks, Bonds, Gold and Mlscenaneeaa Sac
Mm
on comnUaalsa. Ordsn b
maU or lelaciapa carsnuiy aheuoaa to.
ought and sold
strletly
.
,
THE CHUONICLE
u
&
BANKERS,
TUOS.
Stackpole,
OKVONSIIIKK BTRKBT,
78
P. HILLKIC,
'n'eatern
and
Cltr
BANKERS.
ALABAMA,
&
Co.,
—
Qormati American Bank, New
(irettpondeits.
fork; LoiiUiariH NatloDiU Bank, New Orleaus; UatiJC
of Liverpool, Liverpool.
CONGRESS STREET,
>
Boston, niaas.
CommercUl
Dealera in Btocka, Bonds, Gold and
w
^
Broken
Board
loTestment Securities consuntlv nn h»n
&
Co.,
BZOBANSB
OH liOHDOV, FABIS, AND OTBIB CONTrHBNTAt.
CiTIBS OF KtJKOPB.
K. S. Willis. Pres't.
8. D. Kimball, Cashier.
33 Wall Street.
J.
DIltECTOKS
Philadelphia.
Orders tn Stocks and Bonds promptly executed at
he Philadelphia and Hew York Boards.
Co.,
BANKKKS AND BROKERS,
BALTIinORE.
IMVKSTMKNT
and VIRGINIA SKCUKITIB8
Correspondence
N. Y.
a
solicited.
CoRKKBPONDEKTS^McRlm
and Davidson
&
Brothers
A
Co.
Antliorlzed Capital,
Chas.
I..
C.
LILIENTHAL.
Transacts a General Banking Business. Collectlota
made free of charge.
Especial attention given to Collections, and Prompt
Remittances made. Exchange purchased on all points
In the United States and Caasdn.
Sterling and francs bought and sold,
C0URESP0NDKNT8.
London— London Joint Stock Bank.
Pabis— Messrs. A. & M.Heine.
H«w YoBK— The Bank of New York, N. B. A.
San r bancisoo— 1 he Bank of California, and The
Nevada Bank of San Francisco.
A K Walxbk, C&Bbiet
.
.
National
First
Bank,
iriLiniNUTiON, N.
CoUectlona made on
all parla
C.
of the United Statea
Leonard,
Correspondent
BANKERS AND BROKERS,
We
Texas.
give special attention to collections on all acce»
„
DIRECTORS W.
:
Burke, Cot
B. F.
Enirts,
WKBMS.
,
J. Hutchins, P. W. Gray.
C. 8. Longeope.
W. M. Rice,
BENJ. A. BOXTS,
CaaWer.
be pleased to furnish information In
all matters connected with Investments
CoiiLROc Dividends, and Tows. County and Stats
Coupons, &c.. and buy and sell, on Cokvission, ail
MARKITABLaSTOCEl AND BONVS.
in our Banking Department we
A. J
Prealdent.
'•
receive deposit.'
and remittances subject to draft, and allow interest
to be credited month'y, on balances averaging, for Hit
month, from $1,000 to ts,000, at the rate of three pei
cent per annum, and on balances averaging over
the rate of four per cent.
M. K. Jesup, Paton & Co.
BA NKER
S,
No. S3 William Street,
New
York,
Draw Exchange on Union Bank of London.
Accounts of Banks, Bankers and others received
upon favorable terms.
Interest Allowed on Balances Subject to Drafts ut
Sight.
Advances made upon Consignments to our ad
'1
VERMILYE & CO
or to our Correspondents n Europe.
Investment Securities Bought and Sold.
i
DEALEliS IN ALL ISSUES OP GOVERNMENT
SR0URITIE8,
NEW YORK
CITY
AND
DEFAULTED MISSOURI COUNTY, CITY AND
TOWNSHIP BONDS MADE A SPECIALTY.
BROOKLYN BONDS.
BUY AND SELL ON COMUISSION
RAILROAD BO SOS, STOCKS, MISCELLANEOUS
AND LOCAL SECUKITIKS, ETC.
^H
RAILWAY STOCKS, BONDS dcGOD^I
INTEREST ON DRPOSITS.
Our long experience
WASIl'N
R. VKft-MILYE.
above class of Securities
enables us to be prapared to make cash bids by wire
J AS. A.
TUOWBRIDGK.
to parties glTln^ full description.
XDHUHD
D.
in
A Solid Twelve Per Cent
While bonds and stocks are the footballs of brokers
the solid lIUuoU anrt Missouri TEN PEIt Ci'NTS
(semi-annually at me Amerlcun Exchange NatlonaJ
Bank, New Vork) and our choice Kansas
PEll CENTS have neter failed. Nothing but an earth*
quake can Impair their absolute security; and aa to
TWELVK
UANDOLPH.
WILLIAX
gyjAaSTBff^
(Q
I
|
DONALD MACKAY,
LATHAM A. FISH.
HOWELL W. BIOXUT
J.
BLAOS.
^
^jodiiWALNUTS.--?
promptness, ask our New York Hank, our paper Is
alwai/satpar \QlAev York, because alwaj/s paid af
matuTiti/. Iduve loaned niUUong, aud not a dollar bar
•ver bt;en lost.— For details addrecs ACTUARY of the
Central Illinois Loan Agency, Jacksonville, Xllinolv
Box
657.
Wm. Kikten. Cbkm> T. Walkxb
CHA8. F. Pbnzbl,
President.
Tlee-Preeldent.
Cftshier.
»50,000.
Transacts a general banking business, and makes colall points in the South and Southwest at
reasonable rates. Accounts of Banks, Bankers, Merchants and others solicited.
Board cp Directors.— C. F. Fenzel.Wm. Kirten,
Judge U. M.Kose.Jno. K. Oeyer.O. w. Johnson, Geo.
Beichardt, J. K. Brodle. A. Schader. Jno. G. Fletcher.
N. V. CoBRKSPOHDKNTs, Donnell.Lawson & Co.
lections on
Konntze Bros,
Capital, $600,000,
Bible points.
mo.
ST. LOUIS,
CASH CAPITAL
TME CITY BANK OP HOD8TON.
Houston,
»hall
Savings Bank, Brow^n Brothers
LITTLE ROCK, ARK.
BANKERS'
atten-
Government Bonds.
We also buy and sell Gold and aou> Coupons,
German
DALLAS, TEXAS.
New York
We
reference to
BACKERS,
T. O.
Adams &
Orders by mall or telegraph will receive careful
tion.
16 and 18 Nassau sfeet, Neiv Vol
Cashier.
State National Bank
OF NEW ORLEANS.
Pros' t .
Cafhler.
Dupuy,
(B'ORMHULT LOITESIANA STATB BANK.)
and are prepared, at all times, to buy or sell In large
or small amounts, to suit all classes of investors.
FISK & HATCH,
$6,000,000.
1,55 0,000.
>
NRW YORK,
attention to Dibkot Deaukos
QOVBRNMRNT BONDS AT CC&RRNT KARKKT HATIH.
15,000, at
Transact a general Banking business. Issue Commercial Credits and Bills of Exchange, available in all
pai-ts of the world. Collections and orders for Bonds,
Slocks, etc.. cxeL'uted upon the mo«t favorable terms.
Capital, $850,000. Limit, $1,000,000.
.
$300,000.
J. E. Wallis.
FKBD'K F. LOW,
! «.„,.„„
lONATZ STEISHART, J **""*"*•
Pie-ldent.
.
......
ST.,
In
(LIMITED).
P. N.
Southern Banker?.
K E Bdrbdbb,
t.
LONDON, Head OfBce, 3 Angel Court.
SAN PRANCISCO Office, 423 California St.
NEW ITORK Agents, J. & W. Seligman & Co.
Jones.
Sah'l H. Kxnnedy,
W. K.MoALPiNX.VlcePres
N.O. Lauvb, Secretary.
NASSAC
We give particular
IN
Paid-up and Reserve,
specialty.
BANKERS,
Sonlb.
M. Quln, E. 8. Jemison
Geo. Schneider, R. 8. WUUs.T. A. Gary, W. K. McAlpine, D. The Ayers, J.Bernstein, J. S. Oiinuau, C. L.
Cleveland, Peter H. Rthard, J. A McKee.
Special attention given to collections at all points
n tue State, and remlttaijceB promptly made, without
any charge except custonfar rates of exchange.
:
STREET,
&
New York;
Anglo-Calitornian Bank
STOCK BROKER,
Wilson, Colston
Co.,
Western Bankeri.
THE
Austin,
No. 319 Ixr^xNUT
&
HATCH,
FTSK &
N«. 5
GALVESTON, TEXAS.
Canh Capital,
Fhila. &. Ealtimore Bankers.
Bell
Financial.
Texas Banking & Ins. Co.
COHHIBOtAL AKD ClBOULXB LVTIXBS OF CUDIT
• STIKD ATAILABLX IN ALL PABTS 07 TBX WOBLD.
Office,
SI.)
Refers to Baory Talmadge
trn Bank, SavaBuah, O*.
i"
BOSTON, MASS.
New York
Box
.
;
<r ^f
)
;
;
,
of tlie State oi Mo., SI. Louis Wui.- H. 'I'homioQ
Cashier Boatmen's Saving Bank, St. Loui^.
Savannah, Georgia.
(P. O.
Kidder, Peabody
References— J. u. Llenbi^rger. fres't Third National
Win. H. Waters, I'res't Second Nal
Louis ..una.
^uu.a
Kdward
v^u. ..ID, Cashier
u .P. Curtis.
vtaoiii,., ^^
Nat.
a^„ Bank
DVUK
ank, St. Louts
Bank. tl.
. ..
.'—u...
Dealer In Coin, Southern Sccuritlca and Exchange
Loans Negotiated. Advances made on SecurRles
placed in my hands for sale at curreut rates.
Address,
aper.
at
v»KOKEB,^r
mo
Riven to the collection o
nillMCIPAL BONDS.
James Hunter,
BANKERS,
Orders onented on Commission
AncUons, and Private Sale.
ATTORNEY-AT- LAW,
ST. LOVIS,
417 Olive Street,
1^" Special attention
Special attention paid to collectlone,uitli prompt
reiiilttaQcesat curreut rsteB of exchange ou day of
payment.
Brewster, Basset
T. K. Skinker,
Co.,
niOBILE,
I
No. 3S
&
Thos. P. Miller
BOSTON,
Bujr and Sell
County Bond*.
WILLIABS. JKO. W. MILLKR
B. D.
1876.
4,
Western Bankers.
Southern Bankers.
Soston Baakers.
Parker
[Maicb
Love
&
Co.,
BANKERS AND BROKEKS,
ST. LOUIS,
MO.
Cash adruced on Stocks and Bonds
left for Sale.
No. 60
IFALL
&
Co.,
ST., N. Y.,
|
Issue, against cash deposited, or satisfactory guaraotes
Of repayment, Circuiai- Credits for Traveler!, in doUari
for use in the United States and adjacent countries,
and in pounds tterHng for use in any part of the
world.
THEY ALSO ISSUE COMMERCIAL
HAKE CABLE TRANSFERS OF MONEY BETWKBN THIS COUNTRY AND ENGLAND, AND
DRAW BILLS OF EXCHANGE ON GREAT
BEITAIN AND IRELAND.
CREDITS,
I
j
|
:
Maich
1876.]
4,
Ui
Financial-
&
Morgan
Drcxel,
CHRONICLR
>lflE
Financial.
Financial.
REAL ESTATE
MORTGAGE BONDS
Co.,
WALL STUBET,
NEW
CORNKR OP BROAD,
&
Dresel
No.
81
Socrn Tni«D
YORK.
Drexel, Harjos
Co.,
Bt.
3t
ATroIJSKYS AM> AflKXTH OF
ic
inea>r«. J. M.
MUKUAN
OLD BROAD
ST.,
Bankers, 3 Broad
St.,
F. SPA tlLniNO, President.
BKNJ. B. SHKK.MAN.
Vice
\
KKKDKltlCK H. COSSITT, ( PrealUeBti.
«fc
N. Y.
S.
G,
Keiij.
B.8hernian.
Sinn'l
i>.
&
-
-
<
Kdmnnd W. OorllGf.
TliUSTEKS,
r>
'
Mijam n M. Sherman,
c rite
W.
l>ano.
Jm:ob I>. Vermllye,
MancullccU MlUcr,
JBaac N. Phelpa,
Jo^lah M.Fltike.
C*mrlt!9 (r. LanUoii,
Kilmuf-d W.Corlici,
FriHlericif H.CoBBttC,
iiii-}.
iiuswelt Sket'I,
A. A. Low.
Adiinu Uelln.
Anioa H, Kno,
hallt;.^ <!. Francklyn,
AVUn-mi U. Webb,
^Vtllliiin II. Ap,-}l(:tou,
Gu'.tRV SchWiib,
J. Plei-poot
Morgan.
cv K. Pyne,
Percy
Allen Batler,
Dollar* unlni()aircd.TO MKKT AT Al.LTlMKHtbo
prompt piiyineut of both principal and lalerett of
Ihrae Bouoa.
All mortgages securing the Bonds are formally ap>
proved by the following Kxecutlve Board
ItOBKKT L. KK.SNKUY,
BAML'KL WILLKTS,
WM. RKMSEX.
OHAH. BUTLKU,
AUKIAN ISKLIV,
JAMKS A. U.K )akVKLT,
KUGKnK KKI.LV,
JOHN D. MAXWKLL,
UU8TAV U. KISSKLL.
UKNKV P. IIAVKN,
IhescSecurltlcfibear Seven Per Cent Interest payable semi anunally, and are ottered for sale at o«.e
buudred and two and lnt*-re»l it the oltlce of Ibe
Equitable Trust Company. Nob. 52 & 51 WtlUam street.
JONATHAN KDWAKUS, President.
I
Pavid DoWB,
Martin ;.5ateH,
iwESTons.
co^servativje:
/fr«(-Thev have the Jadlvldaal liability of th«
maker.
i^econd—Kech bond la aecared by a flrst mortgage of
real vatate of not lo«i than double It^valufl.
ThtrU—TUe prompt payment <.f Ti'ifi< '-rinclpal and
InturcBt of every bond la cuani!
oiiipany.
t;tvf« nu
The Company guaranteclnic t:
deposit*, owea no money, aiul ii
i;,'aUuniiof
any character excci't those urlftn^* riDin huvu guaranty
tht^rcby kcopliig lU whole capital of One MLllua
>
inaac N. Pltelus.
lt»bcock,
$1,000,000 CAPITAL,
RKAL RSTATB MOUTOAUK BONDS ARK
CUUMUNUKD TO TIIK ATTKNTION OV
THB MOST
TliKSB
*
R. Kuo,
Frederick H. CosRltt,
Martin Bates.
Willliiiii
-
Amos
Samuel D.Babcock,
Jonathan Thome,
;
Co.,
BABCOCK, S^retary.
KXECUTIVE COMMnTfJb:
Jacob O. Vennliye,
HOARD OF
AND DRAW EXCHANQK ON
Morton, Hosk & Co., - London.
Paris.
Hotting UKB & Co., • - -
HoPK
H. P.
|C.
;
Money
al (leiHisltory for inoii'-y i>ai(l Intii Court,
inii v ilualu, Flnnt and
Bc<:l»tl«a HuealiiK Income iroin in'iuey iu abeyauce, orat real, will flau aufety aud aUvaniMse lu UiU laatitutiou.
HKNKY
and Letters of
Credit for Travelers;
also Commercial
Credits available in all parts of the World.
Negotiate First-Clasa Railway, City and
State Loans Make Telegraphic Transfers
jf
wUc, iHAle
or by order of any hurniKaie.
CO.,
Notes
Circular
Allowa interest on (Ii^posltN, rulurnabic on ilcmaml,
or ttt Biiecitted daien. Ik m itliorir<»<l to act sit Kxcciitor,
AaiiiluUtrHtor, UuurdUn, Uoyriver, or Ti lutcc. Llk<--
LONDON.
Morton, Bliss & Co
iBSue
Equitable Trust Co.,
Capital,* 1.000.000.
l>eposlt8receivc<IflnhJpct to Drnft. HecurUles.Gold,
Ac. uuUKlitariilsoIil ouCoiiiuUofcion. Interu.t Hllowed
vu i'epoHii<. Forulgn KxchaiiK«< Comincrctal Creuiis.
Circular Letters for 'I'ravelerfl,
c'Hblf TianafiTuaVHliable in all paitauf the woild.
No. as
tiUAUANTKKU UV TUK
& Co
Boulevard lUussmann
Pari*.
PkiladalpUla,
DOMESTIC AND FOREIGN BANKKUS.
:
Oharif^s
iri*
Abernetby,
James P. Wallace,
Uenry F. Spauldlog.
NEW ENOLAND
Tin:
flf€
Mortgage Security Co.
Amstbedam.
OFFERS FOR SALE, AT PAB.
G. C. Ward,
SEVEN PER CENT ^N-YEAR BONDS
ABKNTB FOB
SECURED BT
BIRING BROTHERS & OOmPANY,
S3 WALL STRKBT, NEW YORK,
FIRST inORTG AGES OfllllPRUVBD
RBAL ESTATE.
88 STATK STRKBT. BOSTON.
COR.
J.&W. Seligman&Co.,
BANKERS,
EXCHANGE PLACE,
59
OP THE CITY OF NEW YORK,
BROADWAY <t WAEREN
PAID-UP CAPITAL,,
ST.,
$1,000,000.
Invested In United States Government Bonds.
THREE PER CENT Interest per annum
Deposits subject to check at sight.
Pays t OUR PER CENT [ntereat per annum
Pavs
special deposits remaining Hx tnotuhs or longer.
Acta aa Tnistee for estates.
COUNHK BUOAU STREET, NEW TORK.
JOHN
D.
C.
It.
CKUIKSHANIi,
JIANG AM,
on
on
President.
Secretary.
GUARANTfi1£D. PRINCIPAL
CAPITAL STOCK OF
A
Pamphlet wlih full Informntiou
Company's OfUce,
OF
Henry
62
.....
Capital,
••aid np,
$9,000,000 Gold,
"
8,128,620
WALTER WATSON,
INGRAM,
I
._.-,,
Agents.
In all parts of the world.
Grant
COMMERCIAL CREDITS
Collections on
for use
against
Receive, Deposit
and Current Accounts on favorable terms, and do a
General Loudon and Foreign Baulslug Business.
KING, BAILLIE &. CO., LlTerpoel.
NEW YORK AGENTS,
Moasrs. WrARD, CAniPBELL Sc CO.
St.
CHARLES OTIS,
Albert H. Nicolay
& Co.
EXCHANGE VLACB,
4;
stock Auctioneers and Brokers,
City Railroad
No. 43
W REGULAR
and Gas Stocks,
Levy&Borg,
K3 Ekccliana^e Place,
I
O DEALERS IN AU. KINDS UF
SOUTHERN AND iHISCELLANBOUS
STOCKS AND BONDS,
fell
WHBTHKB YOU W18H TO BUr OR
WUITK TO
HASSLER
Sc
SELL,
CO.,
No. 7 wall Street, N. T.
;
HENRY SALTON9TALL, President
FRANCIS A. OSBORN, Treasarer.
VI0II-PBX8tI>KNTB:
Amos
A. Lawrence,
James
L. Little,
Madc oh all othib Days,
UP0» ONE DAY'S NOTICE, WHEN REQUIRED
Onr EatabllsUed
IV
t7~
Cudom
24 Year*.
Stocks and Bonds bought snd sold at the
at private sale,
New
so commis-
John P. Putnam,
Upham,
J. B.
Hon. Uenry w, Palne, HoMoo.
Simeon E. Baldwin, New Haven.
The Brooklyn Trust Co.
Cor. ot Montague
Flrsi-class Municipal
many
A Clinton sts., Brooklyn, B. T.
J. S.
years.
Bonds, Railroad Bonds
liberal
«9IXI,000.
Company is authorlaed by special
charter to act
as receiver, trustee or guardian.
It can act aa apent in the sale or management of rea
estate, collect interest or tilvideiids. receive realatry
and transfer hoolvs. or make purchase and sale oi Qorernment and ether securities.
Itellglons and charitable Institutions, and persons
unaccustomed to the transaction of business^ will find
this Company a safe and convenient depository for
UIPLKY UDPES. President.
money.
CUAS. K. MAIiYlN Vlco-Prei t.
This
CtnJ.XN. Counsel.
Boirdi a
and otbcr Incorporated loans negotiated on
terms.
T. Jeflerson CooUdge,
Charles L. Flint,
Henry SHHonstall,
Chitrles L. Young.
EnOAB M.
Securities not dealt In at the Stock
specialty with this house for
ly
Geo. 0. Richardson,
Thomas Wlgglesworth
Geo. P. Upham.
DtRKOTOBS:
CAPITAL,
sion.
Railroad Bonds.
revulsions; Principal and Interest are more promptly
paid and upon the bu cess of Agrl uUnre depend*
that of almost every Industrial Investment.
Every Mondan ami Th iiridai/, or
York Stock Exchange, and
8ECPRITIEB.
amount of more than Fifty Millions of I' olliirR, proving a most Bccurc and satisfactory
iiivf atnient. The Loans are all upon Improved Farms
In some of the most fertile Western btates, near the
llallroads. with short and perfect titles, and average
less than i)kijO each, upon pro;)ertr wortti n*>iirly four
times their amount. Experience has provf d that we Iaele'ted Mortt^ages upon thli class of property are
taler than those upon cliy property, cither tu the East
or West. They arc not atlected by Fires, or by Business
Corporations, to the
AUCTION SALES
Special Salis
BaORKU
The security of each Bond Is not confined a to single
Mortgage, but extends over al! the Mortgages owned
by the Compaiy. This Company receives no depwiis,
Kuarant'esno othcT Bccuriiles, and Urn no other debts
than Us bonds. Us Mortgages are of like character to
those which have be-n bought In the last twenty years
by ludlvld'ials. Life Insurance Companies an<f other
OOtJKSKL
OF
i*» u noutlons of " Local Soonrltles' In this paper
as Ihey are
believed to be as perfect a «ecurlty as c»n he obtained.
The IrBue of Bonds la limited to one-half iiie amount
of the same class of Bonds ever Itsued under a like
PINE STREET, NEW^ YORK.
Specialty lor 19 Years.
'
Foluta.
all
MOST COJSSKitVATlVK INVHHTtiHB,
Guarantee.
f
LOWDOW AGENCY, 32 Lombard
I
Co.,
Execute Orders on the London Stock Exchange.
of fixcUange bought and so-d. Commercial
Credits granted, Drafts on Canada Issued, Bills collected, and other Banl£ins business transacted.
J.
&
King
BANKERS,
Make
Bills
WM.
S.
Consignments of Merchandise.
Canada,
WALL STREET.
MDt 00
Thcce Bonds are commended to the attention of the
45 Pall nail, London, Enicland.
Issue CIRCULAR NOTES fret'A/ charge, available
Merchants' Bank
will be
application to the
43 inilk Street* Boston.
Draw BllU of Eickauge and make telegraphic transfer* of money on Europe and California.
AQKNCr OF
§500,000«
Interest Coupons payable semi-annually.
Bonds
registered to order, or payable to bearer at optl«n.
Accrued Interest la not required to be paid by purchaser, ihe next-due Coupo.n beu'K stamped so as 10
denote th it Interest begins at the d le of purchase.
Issue Letters of Credit for Trarelers,
Parable In any part o{ Earope, Aala, Airica, Aoitralla
and America.
AND 1NTEUK6T.
Rockwell,
W.C. KIngsley,
John P. Kolfe,
Thomas Sullivan.
M. K. Pierrepont,
Ualsey,
John naisey,
jonn
TRIISTKKS:
Henry Sanger, Alex. McCne,
Chas. K. Marvin, A. A. Low,
Abm. B. Baylls. 8. B. Chittenden,
Dan'lChaancey, Edward Ujanrey
Josiah o. Low, James D. Fish,
Alex. M. White,
^^ ^ BUNKEB. 8«cr«Ui7
!
:
THE CHRONICLR
IV
Financial.
Financial.
" Pay
as yon go, get ivbat you bnyi
•t*p ivlieii yon chooae."
IN LIFE ASSURANCE
your Life till yon have examined
PLANS devised by Shkppabd Houans
NEW
Actuary, for
49 W^all Street,
SSALns
NEW YORK.
Cnaranty Cash Capital, $125,000,
Invested in U. S. Five-Twenty Bonds.
This Society recognizes the Policy-holier as oumer
of the Seserm.
This Society, therefore, will either Issue policies
on the payment of uniform annnal premiums, guaranteeing a ^ec'ified swreiuler value for every year in
cash; or it will furnish the PROTECTION OF LIFE
ASSURANCE at actual current cost for death claims
and expenses of management, each year by itself, renewable at the close of any year without further
medical examination.
These Plans are indorsed by leading Actuaries
and State Commissioners, and also by the "Society
far the Promotion of life Insurance among Clergymen,^^ James Brown, President; Howard Potter,
Ti-easurer.
For Plans, Rates, and Full Particulars apply to
THE PROVIDENT
SAVINGS lilFE
ASSCKANCK SOCIETY,
WESTERN UNION BUILDING, NEW YORK.
Vice-Pres't
Security Against Fire
and Actuary
and Hebbers.
Central Safe Deposit Co.
Went 23d
KLLWOOI)
taoura, 9 A.
M. to
C
J.
K.
6 P.
York,
DosTOK, February
RAILWAY BONDS.
THOKNK,
President.
M.
Chew,
DEALBR
In Defanlt ot Inter-
Branch
ol'
Our Busi-
ness.
We quote as follows—
li. a Minn., Ist, Minnesota
Bid.
do
do
Cairo* Fulton,
lat,
Milwaukee DIv
Ist
Canada Southern. 1st, counon
do
1st, registered
Central BR. of Towa, Ist
do
do
let, 68
21.7s
Chicago* Canada Southetn,
let
* Dubuque, Ut
* Vmcennes, Ist, Illlnola DIv.
Cblcaeo Clinton
Cnic. DauTllle
do
Ist, Indiana DIv.
Crbana B. * Pekln, Ist
A Great N orthern, Ist
* Texas Central, 1st, Main Line.
Ut, Western Kit.
do
do
Danville
Asked
DIr.. ..41
Burl. C.
50
li
65
68
as
F6
35
S
38
28
'-IS
10
69
69
81
37
Vi
41
3U
47
«
il
4i
65
87
85)<
3i
Flint
Pere Marquette, Ist, couB
EvanSTllleT. H.
Chicago, Ist
75
Indiana, Ist, L G., guar....ll)0
Grand Kaplds
do
Ist, Ex. L.
54
do
Western, Ist
35
Indianapolis B.
Houston
Houston
do
.
&
*
&
G
*
do
do
do
do
2d
l8t.
International RK.. Ist
Kansas PacIUc, Ist. 78,
11
Extension.. 15
Mobile* Ohio,
.
fcterllng, 88, wlih cf
do
88, ex-cf
Interest. 88
do
do
MontcIalrRR. of N. J.,l8t
New Haven M. * Willimantlc,
New Jersey Midland, l»t
New Orleans Mobile* cut
New York & Oswego Midland.
do
do
Northernraclflc, 7S-I0S. lat
Pacific. L.
G
l8t,
....
73
41
»,
Ist
18
19
2d..
4
19
17
16
55
17
9
50
12
7
D
W.
I)
i;kvestmeikt securities.
Texas State, Railroad, Comity
Co.
BS:
Southern Stales,
Fnndlng
Acts,
accordance with iheir several
upon the must reasonable terms
in
VIRGINIA, LOUISIANA, SOU'IB CAROLINA
'lENNESSEB.
WANTED.
Treasury Dkpabtmbnt.
FOR
'I^HE CIR€lIL.ATIMi NO'I'KS OP THE
L FIRST NATIONAL DANK OF OSCEiLA,
IOWA,
will be re'ieepiied upon presentation at the
Treasury of the United States, In llie t;iiy of Waating-
,WHN JAV KNOX,
>
1 ,
G. T.
)
BONNER
4c
CO.,
20 Broad Street,
New
>
)
— THE CIKl ULATINO
NOTICE.
FIUST NATIO^fAL BANK OP
NOTES
of the
BEDF.'RD, IOWA, ihe FODRTH NATIONAL
HANK OF CHICAOO, ILLINOIS, and the MlNEKb'
NATIONAL BANK OK GEUIiGET. "WN, COLDKADO, will be redeemed upon presentation at the
Wa
hingTreasury of the Unitt d Staiea In the City of
JOHN JAY KNOX,
tOB,D. C.
Comptroller of the Currency.
\1 OTICE.—'f he First National Bank of Rochester,
located at hochester, In the state of Indiana, is
closing up Its bttair<'. A'1 note-botd«'rs and other
credlto'8 of f aid association are therefore here'tynotl
ttfd to present the notes, and other claims against the
association (or payment. AKTULIR o. COPi'LAND,
President .
Januar y 11 . 18.6
i.^
NOTlCE.-TIie NATIONAL MARINE BANK
York.
THE NEW JERSEY & NEW YORK RR.
(ConsolldHti* n of the Erie Railroad branch to
Uackeasack, and continuous roadf .)
$200,000 of Ihe First Mortgage T per cent
gold bonds haring been negotiated in Europe lately,
only the remaining portion of $180,000 of the
bond! are oflercd, at an advance in the price to 95
and
interest.
The bonds will be re-pnrchased at same price at
any time within one year, and com ract given to that
etfect, the company maintaini'ig funds in trust for
that purpose with
ROLLINS BROS. &, CO.,
Cer. Wai; & Broad sta.. New York.
m
the state ot Mlnnesit»,
located at SI". PAUL,
Isclosliie units srtiilia. All i.ote-holdera and other
creditors of said association are, therefore, hereby
notified to present the notes and other clalina against
Xbe aasoclalou for payment.
O. B.
i)at«d December Slat, 1875.
PROVEMENT BONDS.
TUBEKLL.
Due
October.
McKim
President.
4T
Interest April
April
Brothers
BAMKEB8,
Wall strMt, N«w
&
and
1, 1905.
LONG ISLAND CITY SEVEN PER CE»
WATER BONDS.
March
Interest
Due
September.
Sept.
1,
and
1908.
FOR SALE BY
DANIEL
inORAN,
A.
40 W^all Street.
MARIPOS.^ LAND AND MINING
F.XECITTIVE OFFlCK, N08.9&
New
The TIIUSTKKS of
this
CO.j
NiSsair St..
roBK February 24, 1876.
Company have LEVIED
II
AN A'^SKSSMENT OF ONE DOLLAR
the preferred and
office
per share 01
stock, payable at thel
common
en or before March
24.
MORRIS H. SMITH,
Co.^
York.
I
Assistant Secretary.
Offics cf ihb
Nrw Jkbskt & Nkw roREJ
Railway Company,
New
''PHE
>
ifoKK, February 29, 1876.
INTEREST DUE MARCH
J
1,
on the FIRST MORTGAGE GOLD BONDS
of this Company, win be paid upon piesentatlon of
proper
coupons at the olfice of the NATIONAL
the
TRUST COMPANr, ti\. and 363 Broadway, on and
after March Ist.
J-
1876,
LOCKWOOD,
L. L.
Liberty
SAIiK.
South Carolina State New Consol. Bonds.
Virgiuta S^ate Deferred Stock.
Clncinuaii City Seven Per Cent Municipal Bonds.
Central New Jersey La.id Improvement Co-'s Stock
'
ELIZABKTH CITY SEVEN PER CENT
BONDHOLDERS,
Cnmptro'ler or r-nrrencv.
liKASUBT DEPARTMBNT.
tTMBNT.
OFFIOM of uUPTROl.LEK OFF THK CUERKKCT,
Washington, F
February
1876.
';
York.
Treasurer.
RAIL'
WAT KEOUSANIZATION COMMITTEE
West Wisconsin RR, First Mortgage Bonds.
& Fulton RU. Kirat Mortgage Bonds.
)
.
"^EW JERRCir MIDLAND
Alabama State Old Bonds.
t
T I. E Y
New
II
.
4 Wall Street,
The correspondence of Bankers and Brokers through*
out the country loliclted.
Cairo
t>rFlOK OF C'OMPTROLLRR OF THK URR»NOT,>
WAsniNOTis.f. KebrULiry 2'), 18;6. )
1011,1). O.
WOT. K
Louisiana State Old Bonds.
BROADWAY, NEVT YORK.
Bonds.
per cent Bonds.
and 7 per cent Bonds.
Securities.
possible
FINANCIAL AGENT OP THE CITY OF HOUSTON, TEXAS; And
LNITED STATES CENTENNIAL COMMISSIONER FROM TEXAS.
7.30
WANTED.
Bonds and Investment
Fnnding of Sonthern State Bonds.
We are prepared to fund Bonds of the following
Texas Lands and Land Scrip for Sale.
39
per cent Bonds.
Connty, Cliy and Town Bondsof Ills., lowaand Wtl
Claims on Jay Cooke & Co.
New Jersey Midland Katl>'nad Bonds.
N. V. dt Oswego Kailroad Receiver's Certlllcatea.
Danville Uibaua fc Bloomlngton llallroad Bunds.
...,
60
60
6
and
and
Mnnicipal Bonds a Specialty.
OF FIU
t>
U
Oorernment Securities bougnt
ana soM on commtsslon at the Kev Yors Stock Kz<
descriptions of
6
Louisville
15
10
25
65
65
...20
Bonner &
all
Cleveland
80
19
BANKERS AND BROKERS,
No. 20 Broad Street, New York.
change.
Dealers In
FOR SALE.
Louis Gold
Ciiiclnnati Is
30
48
40
Stocks, Bonds, and
IJf
INVESTMENT BONDS.
St.
13
23
12
58
41
25
40
35
West Wisconsin, L. G., Ist
Interest payable in London.
do
G. T.
87H
20
20
Ist
City, Ist, R.
do
do
Texas &
1
86
78
39
39
rf'ElKtered
Joseph* Denver
KICHARn P ^TKICK,
NATHANItL THAY HE, > Trustees.
CIIABLKS MBKKIAM, S
8H
Peoria * Kock Island. Ist
Port Huron * Lake Michigan, Ist
Ilorkfoid K.
* St. Louis, Ist
Southern Minnesota, Ist
St.
On the 25th day of March next the time expires when
the arrangement must be. If at all, completed for
adjusting the affdlra of thlsCompany, under the plan
dated March 23, 1814.
Subflt ntlally, all of the l8t Mortgage Bondholders,
and, with hnt a small exception, the holders of the
lower eecurities hare assented to the plan.
As some small portion of the parties, who hare not
exe uted the Instrument, are unknown and cannot be
reached, and a still smaller portion who are known,
hare not given their formal assent, it Is proposed that
after the 25th of March next, ^/"aW (Ac lower securities
do not give t/ieir format assent pt tor to tftat time, to
arrange wl'h the Ist Mort)z»ge Hondholdeis to foreclose their mortg;tgt'P, ihey pgreeing to issue to the
holders of the lower securities uho have assented to
the arrangement, Frelerred t^tock, as provided In that^g
arrangement.
89
80
106
60
86
12
17
25, 1876.
NOTICE TO BONDHOLDERS.
ii
47
67
70
80
65
M * N.. unfunded 75
do
do
Ist. 7-<. J. * J.
..Ti
1st, 68, Fet> & Aug., funded. 72
do
do
Ist, Fs, J.&D.
da
.71
do
No.u
15
No. 16
do
12
21
Lake Superior* Mississippi, Ist
Logansport C. * Southwestern, Ist
10
51t8B0nrl Kansas & Texas, Ist
f>6
Street,
(Maaonlo Temple Building.)
SAFEKKKPING OF VAI.UAlll.KS under RUirantee. Private otUcea for Bai ks and Baukcra out of the
city. Separate rooms for Lai.y Patrons.
USlcc
quoted, and those
est made a Special
larly
do
QKORGE WALKER, SHEPPARD HOMANS,
8t. Joseph & Council BlnfTs]
Railroad Compau}',
26 SEARS BCriI.D(N«,
Kansas City
IK
Good RalUvar Bonds not regu-
Exchange.
Chesapeake* Ohio,
Thii Society eeparaUs the Insurance Part of the
Premium from the Reserve or Deposit Part, which
latter is held merely for accumulatioa.
',3
STATE, CITY &
New
Stocks and other Securities
receive personal attention at the New York Stock
Provident Savings Life
Assurance Society,
WESTERN rNION BCILDIIWG,
No.
Co.,
Orders for
TBB
President.
&
OFFICE OF THE
BANKERS AND BROKERS,
Do not Asmre
1876.
4,
Financial.
H. C. Williams
COMMON SENSE AND FAIR PLAY
the
[March
i^'irat
Meeting of October
street.— Having
i
01
21, 18:5, at
already received
tl,'^35,
Mort2.age Bonds and 1750,000 Second Mortgage,
all other holders to Join them by depasitlng
bonds with Central Trust Co., No. 14 Nassau st.
D. B. HAL8TEAD, Chairman.
request
their
U. P. DEOnEUT, Secretary,
133
Chambers
street.
TTNION PACIFIC RAILROAD COMPANT.— The annual meeting of
of the Union Pacific Railroad
ihestockholdeii
Company, for the cholca
of r irectors for the ensuing year, a&d the transaction
of any other business that
may
legally
come
befora
the meeting, will be held;at the oBloe of the Company,
No.
42
March
Equitable BuiUiog, Bos:on, on
S. 1876.
at 10 o'clock, A.
WEDNESDATi
M.
Stock transfer-hooks will be closed after SATUB-
DAT, February 26.
8LDNEY DILLON, President.
K. H.
BosToir. February
ROLLINS, Secreury.
4, 1876.
Smith & Hannaman,
INVESTMENT BROKEBS,
INDIANAPOLIS, INDIANA.
:
tmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
VOL.
SATURDAY, MAHCH
22.
CONTE
h!
T8.
money, the discount of greenbacks.
THE CHRONICLB.
Gold and its Movements
Are National Banlis Liable for
DeiMslted Bonds ?
How
the price of gold as
817 I Tbe Debt Statement ror Febriiary, 1876
SIS Imports and Exports for Jan219
uary,181(i
221 Latest Munotar J and Commercial
I
I
to Protect Securities
Paper
How
I
Money Now OutstandiuK.
Resume Specie Pay-
to
Euj^Ueh
ments
Financial
Review of Ptbmary
News
Money Market, U.
S. Securities,
)
I
Investment and State, City and
Corporation Financoa..
|
22<)
22!l
2.S>
Cotton
235|DryQoodB
Breadnnfts
I
newt up
to
midnight of Friday.
TKBKS or BUBSCBIFTION-FATABLX IB ADVANCB,
delivered by carrier to city
and mailed to all others:
For One Year (including postage)
,, fSO 21
For Six Months
6 10
Subscriptions will be continued until ordered stopped by awritUn order
or at the publication office. The Publishers cannot be responsible for Remittances unless made by Drafts or Post-Office Money Orders.
A dTertlaementa.
Transient advertisements arc published at 25 cents per line for each
when delnlto orders are given for live, or more, insertions, a
liberal discount is made. No promise of continuous publication in the best
lace can be given, as all advertisers must have equal opportunities.
Special
& otices in Banking and Financial column 00 cents per line, each insertion.
insertion, but
London
Curonicle
Every one of these changes of
value
backs.
These causes of upward or downward movement are,
we said, very numerous. But there are two or three
which are the most important at the present moment.
as
Tax CoHMBRCiAi. AND FINANCIAL CHB0NI0I.B,
office of the
chang-
is projected upon the register of the gold market,
producing a movement upwards or downwards in the
gold premium, and showing at every point that it is
more or less difficult and costly to get gold for green-
2S8
539
Ibsf ribers,
The London
is
2S1
^[)t <ti\)xonxt[t.
the latest
eveiy merchant knows to his cost, their value
ing from day to day.
Thk Commercial and Financial Chronicle is Umed on Saturday morning, with
Under our paper
the greenbacks are so unstable that, as
i80
THE COMMERCIAL TIMES.
Commercial Epitome
is,
the barometer of greenback values.
money system
Banks, etc
(Quotations of Stocks and Bonds
New York Local Securities
I
Railway Stocks, Gold Market,
Foreitrn Bxchante. New York
City Banks, Boston Bank^
rblladelphia Backs, National
If we regard, then,
we need look no further
which we are in search. We see
really
for the explanation of
2« at once a multitude of possible causes of the extreme
sensitiveness of the premium in Wall street.
Gold is
225
Commercial und Miscellaneous
221
223
.
it
«4
News
THE BAMKERS' GAZETTE.
.
NO. 568.
1876.
3,
Office.
No. 5 Austin Friars, Old Broad
is at
where subscriptions aie tal^en at the following rates
Annual Subscription to the Chronicle (including postage)
£3 ts.
Six months' subscription
3s.
1
VILLIAM s. DANA,
WILLIAM B. DANA & CO., Publisher*.
79 and 81 William Street, NEW YORK.
JOBH e. rwio, jn.
Post Omen Box 4 592.
The
first
concerns the public credit.
In their essential
nature the greenbacks are Government bonds.
Every
Government security as is a
five-twenty, a ten-forty, or any interest-bearing bond
The essential distinction between
of the Tre.asury.
the greenback and the five-twenty bond is that the latter
greenback
is
just as truly a
bears interest while the former does not bear intere.st.
Both are bonds, both are payable
in
gold,
and
we
if
street,
I
|
(VA neat flie-covcr Is furnished at 50 cents; postage on the same is 16
Volumes bound for subscribers at $1
complete set of theCouMKRCiAL avd Financial Chronicle — July
V^to Adate—
for sale at
Also one set of Hunt's Merchants
cents.
60.
the office.
Maoazine, l&i9 to 1871, sixty-three voinmes.
1865,
is
&r The
Business Department of the Chbobicle is represented
Financial Interests in Mew York City by Mr. Fred. W. Jones.
confine our attention to the five-twenties, both they
the greenbacks are payable in gold at the option of the
Hence it follows that the greenbacks
when the public credit suffers. It is easy
to see how much light this fact throws on the movements of the gold premium, both during the war and
Government.
suffer in value
since.
among
But the question
GOLD AND ITS MOVEIHEMS.
a notable feature of our financial system that gold
is,
docs
or to foresee a coming rise or
it
fall
help us to account for
in
the gold
room
at
This guestion will be answered in tlie
affirmative by those of our readers who hold that the
advance in gold this week has been helped by the
the present time
It is
and
V
one of the most sensitive of the values dealt in at the troubles in the Cabinet, and still more by the efforts of
Stock E.xchange. The causes of tliis sensitiveness have the paper money men in Congress. All the forces which
is
often been misunderstood.
Some ignorant jiersons have disturb the public credit are working liarm to the delicate
premium for a mechanism of general prices as founded upon the green-
mistaken the movements of the gold
backs.
For the greenbacks are liable to suffer in credit
be a .standard of value in common with the other obligations of the Government,
because its price changes so often in Wall street. This and even more than they in certain c.ises of trouble. A
sophistical argument was actually used in a public suggestive illustration of this important principle may
address by a conspicuous paper-money orator a few days be obtained by an examination of the prices of gold
change
in
the actual
They declare
ago.
To our
that gold
value of gold as a commodity.
is
unfit to
wholly needless to waste time
When they
this error.
familiarly quote and talk of the price of gold, they are
aware that it is greenbacks and not gold that oscillate
in value.
They know very well that the daily premium,
as quoted in the market, shows the agio of our paper
in
explaining
readers
or
it is
refuting
during the
first
Without taking
to explain
many
four years of
this principle
of the recent
our paper-money era.
with us
it is
as impossible
movements of gold
as to
acconut for those violent oscillations which resulted from
the more excited agitation of the public credit during
the war.
.
'
[March
THE OHBONICLE.
218
4, 1876.
more obvious principle by months of the current fiscal year, it will be seen that we
which the recent sensitiveness and the active move- exported merchandise to the amount of 350 millions,
ments of gold may be accounted for, namely, the fear of against 337 millions last year. Moreover, we imported
currency inflation nnd the agitation for augmented 270 millions, against 292 millions last year. In other
Secondly, there
issues of
a
is
still
paper money.
We have discussed
of late on
several occasions the reasons which lead us to believe
that Congress is not likely, during the present session, to
new issues of currency or fresh inflation
But,
of the volume of paper money in any degree.
although the general belief is that no such expansion of
the currency is approaching, still, there is a large body
authorize
•
words, our merchandise exports are 13 millions more
than last year, and our imports are 22 millions less, so
that the effect of this movement of imports and exports
on the balance of trade is 35 millions more favorable
than that which had developed itself at this period of
The same favorable movement may also be
from the exjjorts and imports of gold. To show
of public opinion which is influenced by the contrary this we have compiled the subjoined table, which shows
And as "it is public opinion which makes that since January 1, 1873, we have produced and imbelief.
prices," we cannot wonder that the agitation of the in- ported 33 millions more of gold than we have exported,
flationists is cited among the causes which tend to pro- so that the available supply of gold ought to be at least
as Large «ow as it was at the close of 1872 anc^ 1874.
duce the rise in gold.
Thirdly, we must mention a still more conspicuous Though the figures appear to demonstrate this conThis is the belief, which widely clusion, it is certainly in direct opposition to the opinions
cause of trouble.
prevails, that the Treasury is short of gold, Mr. Eiistow, which prevail very extensively in Wall street at present.
we are told, could not to-day meet the gold creditors of The table is as follows
PHODnOTIOH, EXPOBT AND IMPORT OF GOLD JAN. 1, 1873, TO MAS. 1, 1878.
the Treasury and pay them off from the gold balance at
£j-port.i.
Imports. Excess of Exp. rfoducCton. Accumulation,
this
opinion,
whether
hands.
Let
us
see
present in his
-$174,285
$36,000,000
$36,174,968
1873
$44 856.715
$8,682,447
45,000,000
14,539,283
19,501,137
..
34,012,420
-f27,4£0,717
of which we have heard so much of late, has its founda- 1874
53,S54,09J
45,000.000
-11,254,094
13,696,793
..
66,950,837
1S75
l?y the debt statement which appears in
tion in truth.
81,500,000
14,015,308
11,.376,320
-t-17,4?4,69S
1876*
25,390,628
another column, it will be seen that the Treasury holds
$151,500,600
-}-t3:J,5njljl
last year.
inferred
j
'
.
:
..
..
Total.
55 millions of gold.
In addition to
this,
..$171,240,650
$53,257,697
$117,982,953
he has to
*
II
Seven months.
from the Syndicate, so that the whole
We might add to the foregoing arguments ©there
gold balance of the Treasury amounts to $f>'7,035,772.
drawn from the recent movement of the foreign
Out of this sum the coin certificates call for $32,915,- exchanges, due to the active importation of Government
000; the called bonds for $1V,636,116; and the accrued bonds from abroad. These influences are of a temporary
they tend to
interest for $11,517,355. The total is $62,068,471. These character, and it is thought that, so far as
put up gold, they have almost spent their force. They
arc all the gold obligations reported as payable on
are, moreover, neutralized by other counteracting move
demand. If paid in full to-day they would reduce the ments, both obvious and well known. Still, on the whol
gold balance to the sum of $4,967,301.
the gold market, in some of its aspects, appears to be I
Mr. Bristow has, of course, more uncertain condition than for some time past.
But this is not all.
omitted the interest on the ten-forties, which fell due on
ARE NATIONAL BANKS LIABLE FOR DEPOSITED BONDS ?
the 1st of March. Ilis statement could not include
receive 12 millions
was made out
'
end of FebLast Tuesday an important decision was rendered
ruary.
Deducting this sum, which amounts to $4,- the Court of Appeals of Maryland. The case has been
864,157, the coin balance of the Treasuiy would be in litigation for several years. The plaintiffs, William
reduced to a nominal sum. Still, it is plain from the A. Boyd & Co. of Baltimore, sued the jThird National
whole argument that the Treasury would be able to Bank of that city for the value of bonds deposited by
meet all demands upon it for coin. This has been them with the oificers of the bank in February, 1866.
denied, and the evidence now seems to lead to the con- These bonds, valued at $26,500, remained in the bank
viction that when the next interest on the public debt vaults till August, 1872, when they were stolen by burAfter the
falls due next May, there will be from the receipts of glars, with about $75,000 of other securities.
customs an adequate sum of coin in the Treasury to pay robbery the plaintiffs promptly demanded from the bank
The bank
all the creditors of the Government in the improbable the delivery of the bonds, or their value.
these items, because
it
to the
event of their demanding instant payment.
We
say
refused to pay.
Suit
was brought.
The
case
was
tried
"improbable," because the experience of years shows that in May, 1873, in the Superior Court of Baltimore, where
the overdue interest, the coin certificates and the other the jury failed to agree. The record was then sent to
gold obligations of the Treasury are of such a nature that Howard County, where another trial in September, 1874,
a large sum
may always be confidently reckoned
ui^on as
resulted in a verdict against the
bank
for $29,117 83^
a constant average unlikely to be promptly claimed and the full amount claimed. The bank appealed, and the
As this is
Still, although as we case has once more been decided against it.
certain to remain outstanding.
have shown the Treasury is not as badly ofl! as it has
been represented, there is reason for regret that Mr.
Bristow has not availed himself of the undoubted powers
confided to him to enlarge his gold balance. If lie had
done this, instead of accumulating silver, the Treasury
would be regarded by the public as in a much stronger
and more satisfactory condition.
Finally, we must not omit to notice the ojiinion that
the recent sensitiveness of gold is due to the exhaustion
of our stock of gold in this country, and to the unfavorThis view derives little confirable balance of trade.
mation from the official reports of our foreign commerce. From the report just issued by the Bureau of
Statistics, which appears elsewhere, for the first seven
the
first
conspicuous instance in which of late
ye.irs a
the owner of
a National bank, brought by
deposited bonds, has resulted in a verdict for the plainsuit against
tiff,
it
oflicial
has attracted the public of attention, and the
report of the decision will be looked for with
class of bankers and their customers.
brought out on the previous trials are
quite simple.
The plaintiffs, Boyd & Co., had for many
years been customers of the bank, and they seem to
interest
The
by a large
facts as
have done an active business with the institution. When
in February, 1866, the firm deposited the United States
bonds in dispute, they received in return a memoran-
dum
signed by the discount clerk of th*
In this document it was stated that the bonds
of. the deposit
bank.
THE crmoNicLE.
1876]
were delivered and held " as collateral security for the
payment of all obligations of William A. Hoyd <fc Co.
to the Third National Hank of Baltimore, at present
existing, or that may bo incurred hereafter, with the
understanding that the right to sell above collaterals in
satisfaction of such obligations is hereby vested in the
For six years the
officers of the ThirdiNational Bank."
securities remained on these conditions in the custody of
the bank, and during that time the firm of William A.
Boyd <fc Co. kept an active account with the bank, obtaining discounts, borrowing money, and sometimes
I
'
drawing checks in excess of their' balance, so that their
In the
account with the bank was often overdrawn.
(iumraer of 1872 the vaults of the bank were entered by
barglars by means of a contrivance very similar to that
adopted some time before for plundering the Ocean
I
I
'
National
Bank
of this city.
burglars
hired
the
219
" that degree of care which other prudent banks, under
like circumstances, are accustomed to bestow upon prop-
own of like character and value."
The defendants relied much upon the circumstance
that the firm of Boyd & Co. at the time of the robbwy
were not actually indebted to the bank in such a manner
erty of their
as to render the
bonds
in dispute
a collateral security,
such as the banlc was authorized to hold under the
National Currency law of 1864. Thoy argued that, as
no such indebtedness existed during some weeks prior to
the robbery, the deposit was gratuitous.
deposit
was a gratuitous one, the
But,
plaintiff
if
the
could not
recover, for the Courts have
uniformly held that no
National bank, under the act of Congress, which is its
organic law, has any right to receive such deposits or to
make its shareholders responsible for them. Finally, it
was argued on the part of the defendant that the bank
under the vaults of had exercised all proper care in the custody of the bonds.
the bank, and from this room they worked their To elucidate this point, some curious testimony was
way to the bank safe as from a secure tunnel already given as to the relative safety of various descriptions of
03nstructed for their purpose. In the Baltimore bank safes, vaults, safety locks, and other precautions. WTien
Instead of hiring the meagre reports which have as yet reached us are
case the work was not quite so easy.
beneath
its vaults supplemented by the official report, we shall h.ave more
from the bank itself a basement room
burglars
had to precise informatioh as to the questions on which the
undermining
the
safe
from
thence,
the
and
excavate from the adjoining house. Professing to be en- final decision turned against the bank. Meanwhile the
gaged in the produce commission business, they hired an decision should operate as a caution to all banks, both
office convenient for their purpose, and through its wall National and State, against the custom of fUling up their
they worked their way. For six weeks they remained safes with securities and other valuable property which
there, and excited no suspicion, though all the while is only partially, if at all, available as a guarantee of the
busily engaged ia drilling a passage into the vault. The solvency of their customers.
If the Tliird National
chilled-iron casing appeared to be the only impediment Bank of lialtimoro had done its business with Messrs.
which gave them any very great difficultJ^ Finally they Boyd & Co. in a less loose and careless manner, the canperforated it by boring one hundred and twenty holes. celling of Boyd's debt three weeks before the robbery
Removing a section of plate about thirty inches square, would have been followed by a prompt return of the
they found inside the vault further work to do. A Lilly's collaterals and an exemption of the bank from farther
I
safe
In the latter case the
basement
and a Miller's safe contained the valuables of the
The
was not seriously assailed, or it
But the door of the Lilly's safe was
forced open with a " jack," and the contents, including
the plaintiff's bonds, were stolen. The theft was achieved
between the closing of the bank on Saturday and the
opening on Monday. Now it was found on inspection of
Boyd's account that his firm was not indebted to the
bank at the time of the burglary or for some three
bank.
latter either
resisted the assault.
!
matters involved in this litigation.
lesson from this suit concerning which
the litigation is perhaps not yet ended, arises out of the
fact that the suits of depositors of bonds against National banks have usually been decided against tlie depositors.
The disputes which have arisen on this subject during
the last ten years have been very numerous, and although
the law on the subject of deposits of bonds may be
doubtful on a few points, still the prudent course is for
the owner of bonds not to deposit them with any bank
as gratuitous bailee.
risk in the
Another obvious
weeks previous.
'
Upon
these facts
plaintiff,
that the
it was argued, on the part of the
bank was liable, first, because it had
HOW
TO PROTECT SECURITIES.
The Northampton Bank robbery a few weeks ago was
and held the deposited bonds in the regular like most affairs of the kind, in the fact that the chief sufits business with the plaintiff; and, secondly,
ferers were individuals who had forced upon the bank the
because the bank had not exercised proper care in the custody of their valuables. Generally, the accomplishied
custody of the bonds. In illustrating the first point it burglar selects the country rather than the city bank,
was contended that the taking of collateral security for because it is not only possessed of a slighter power of
loans and advances were necessary incidents of the bank- resistance, but also for the reason that he has learned of
ing business, and were therefore within the contempla- the habit of country bondholders to use " the bank" as
received
course of
i
I
conduct that an actually convenient and an imagined safe place of
above cited, was deposit.
They are slow to understand that it is not
tion of the statute creating institutions to
business; that the clause of the receipt,
clearly not
intended to provide for a gratuitous keeping,
specially secure; and,
further, that all the risk
is
their
which no bank would give any such receipt; but own; since the decisions which exempt the bank from
that it must be construed to mean that the bonds and liability are ample.
In 1865 to name one or two of
certificates were to remain in the bank to secure -the the number
Supreme Court (case _of
Vermont
the
solvency of the firm of Boyd & Co. in its dealings with Wiley vs. First National Bank of Br.ittleboro) held that
the defendant; hence, that it was a contract of pledge, " the cashier of a National bank has no power to receive
terminable only when both parties completed their <Jbli- special deposits on behalf of the bank for the accoingations that is to say, when the pledger had repaid all modation of depositors, or to bind the bank to any
borrowed moneys and the pledgee had returned the liability;" in the Ceurt of Appeals of this State, in
for
—
—
—
securities.
Until such termination, the bank was a bailee
for consideration,
I
March last (case of First National Bank of Lyons t'«.
Ocean National Bank), Judge Allen ruled that the
power of bank officers to bind the bank extends only to
and was to be held to exercise in reall ordinary and reasonable care
This care was defined to be their ordinary duties; that a single transaction in reCelv-
gard to deposited bonds
in the keeping of them.
fHE CHRONICLE.
220
beyond the delegated power of ment of that
[March
4, 1876.
The intention is that thl
bond from the issuer shaJ
deposits cannot be undertaken without express authority cut it in two, on a line running from top to bottoi
from the directors. This subject we fully discussed in through the coupons, each coupon thus requiring to b
the Chroxiclk of April 17, 1875, page 368. The Balti- presented for payment iu two pieces. Thetwohalvti
lalvti
more decision, which we to-day notice in a previous of the document being kept in separate places, in cas
article, in no way affects the question here raised; loss, destruction, or theft of either half, the owner
for no rule of law is older than that an agent or an prove ownership of the remaining half, and give a bon
ing special deposits
an
officer,
and
is
that the
business of
person
receiving such
who
is
first
demanded.
receives the
of indemnity; after
officer binds the principal only to the extent of his
ordinary and delegated powers; and if a bank officer,
The
duplicate.
which the
idea
is
issuer will furuish
him
that the bond, being a ccupo^
owner bond in tw" pieces, will be as readily negotiable as an',
must be made good by himself other, and that the practical impossibility that botl
The number of "safe deposit" com- halves will be destroyed or will be stolen, will securt
individually.
panies, and the conveniences of dealing which they offer equal safety to that of the registered bond. It is obviom;
to customers at a distance, as well as to others, leave that one part alone would be non-negotiable and value
very slender excuse for forcing bank officers to receive less, and that the only way for the thief to make hi
Comptroller Hulburd, half valuable would be the same that the lawful owne
their small trunks and packages.
in 1868, held the -receiving of valuables for safe keeping must follow with the remaining half, namely, to go t
to be a positive violation of the Banking act; it is cer- the issuing office with proofs of ownership and applj
tainly outside of that act, and not warranted by any of for a new bond. The two halves, when laid side by sid«
its provisions; there is no doubt that the banks would be must exactly match at theliue of division, andfor this se\
relieved of a dangerous annoyance, and the public good eral ingenious devices are employed.
For instance, tb
might also be advanced, by adding to the law an express line passes through all the coupons, and along the line
prohibition of the practice.
an engraved sentence; on the other side of the bond isaj
But the frequent successful robberies, notwithstand- engraved device, which need not be the same on an;
ing all the precautions taken, show how much we need two bonds each bond may have its combination of let
further safeguards. Besides, attempts to recover stolen ters, such as " B. G.", " D. K.", etc., repeated also oi
securities, except by negotiation with the thief, have each coupon
each bond may have some word alterec
rarely been successful. N umbers are readily altered, and or interlined by hand
and through the paper, threadi
as coupon bonds possess all the characteristics of nego- may be passed, the ends of which must exactly match ii
tiable instruments, the claimant who wishes to im- the two halves.
Yellow paper is also proposed, as
peach a title must prove actual bad faith in the holder. hindrance to photography.
Nor can this be cured by legislation. Four years ago
It is easy to see that the chance that ny two parts ol
the Legislature of Kentucky enacted that railroad and a bond except the two, originally ono bend, would
municipal bonds may be registered with the County match when laid together, is so small that it is like thf
Clerk, the bonds to be afterwards transferable only on chance of hitting the desired combination by trying a
the owner's endorsing in the records of the same office bank-lock. The " matching " idea in Mr. Atkinson's bond
a transfer to some other person. In this State, a law of might be put to a further very important use in more
1870 (page 988, chapter 438,) provided for endorsement easily detecting, and hence preventing the forgery and
of ownership on municipal bonds; the following year the " raising " of securities. The difficulty in the forger's
this was extended to corporation bonds issued within the way is now chiefly the mechanical execution of tiie
State, and in 1873 a general act was passed applying to bond, to which may be added such safety as is offered
all bonds payable within the State, permitting the owner by punching out of the paper, on a spot covered by some
or holder to endorse his ownership on a bond.
To what intricate engraved ornament, the figures which state the
extent the permission granted by these acts has been denomination.
But suppose that every bond or share
used, and whether any cases of law have arisen under certificate had a " stub " remaining in the issuing office,
them, we do not know; but evidently such legislation is this stub having its broken linen and threads, which mast
useless as a remedy for the comj)laint.
It attempts to match those of the document itself, and that these lines
add the quality of registration; but the essence of a and the other devices above named were so arranged that
coupon bond payable to bearer is its negotiability, no two documents should be alike as respects them, thus
nd to alter that fact is to alter the bond. If giving each one individual characteristics; in that case,
receiving a gratuitous special deposit, gives the
any guaranty at
all, it
1
;
;
;
i
.
registered in the
name
of the owner, the
bond
is
not
a"
coupon but a registered one; if issued with coupons to
order and not to bearer which might be it would be
transferable by endorsement like similar documents, with
the like inconveniences, which would so far impede as to
upair the single advantage of the coupon form.
To meet this difficulty, however, and free the owner
from all anxiety, a very ingenious form of bond,
"for safety and good morals," has been prepared by
Mr. Edward Atkinson, of Boston, which is intended
—
—
the " raiser "
who wished
to raise a share certificate or to
forge a certificate or a bond, would be obliged to imitate
some individual certificate or bond, and unless he did
this and so successfully as to accomplish the painfully
exact task of matching, a comparison of a suspected
document with its genuine stub in the issuing office
would discover the fraud. Of course, crime in this
branch cannot be thus prevented, but it can certainly be
rendered more difficult and less attractive, and hence
less frequent. It is obviously unnecessaiT' and a reproach
to unite the security of registration with the conve- upon the inventive faculty that there is no better way
nience of the coupon. His bond has its text at the left, ot passing upon the genuineness of negotiable secuntios
the text beginning, "This instrument in two parts wit- than by examining written signatures, for there ought
nesseth." The coupons adjoin the text on the right, and to be in every office of issue, if not also in every fiscalare in two parts, one being the coupon proper and the agency office, some means of instantaneous verification.
other an " attestation" of the officers' signatures by that It seems to us that Mr. Atkinson's device suggests along
of another officer. There is also an " attestation" for the step iu the direction of making securities safe, and we
principal obligation,
which must be produced when pay- suggest
it
for the consideration of corporations.
—
March
There
.
THE
4, ib76.]
another species of
is
tlieft,
very
common
CHR0N1C5LE.
We
the sinking
in
hohl
Slates.
fnnds of companies,
We are informed
& Hocking ^'alloy
that
and
cities
directors of
tlie
tlie
Railroad have undertaken
to secure the bonds held by them in tlieir sinking fund
against possible tlieft or malfeasance in office, by in-
Cohimhus
vesting the fund for each class of bonds in the bonds of
its own cl.as.s, and then cutting out of the paper tlic
words which specify the place of payment. In this way
every iivtending purchaser is put upon inquiry, and yet
the use of the
bond for
all
the purposes necessary
own
their
securities
in
not
is
Officers of States, municipalities,
interfered with.
corporations holding
and
sinking
might properly inquire into the merits of this
For it is not only for safety but in the interest
device.
morals
that every precaution should be take*
good
of
funds,
MMY
TO RESUME SPECIE PATIESTS.
We have received the following
The wide
letter for publication.
interest felt in the points diflcu8.scd
clearness with which Mr.
secure lor
it
Kourso presents
his
and the
views will
a careful reading.
Boston, January 87, 1876.
Uon. Frederick Fualbt, Philadelphia
Dear Sir It is assumed that the law of January, 187.';, req airing the gold redemption of United Ulates le^al tender noten on
and after January 1, 1879, will not be repealed, bat will stand to
:
—
enforced as to that requirement, not more because it has
of public faith by its bearing upon all contracts
and obligations of debts, public and private, siace made, than
lie
become a pledge
because
ol
tho extreme necessity for
lurlher bankruptcy, the workers
idlers,
and the
The question
idlers
it
to save our people from
now unployed from becoming
from starving.
to consider is
how
best to
make
the redemption
practicable at the date named.
The
act as
it
stands contemplates the accumulation of gold in
the Treasury suUlcieut {or redemption, yet forbids the contraction
of the legal tender issue
against possible roguery.
PAPEU
HOW
our
in
day, against whicii safeguardiJ of a diitcrent kind are
refer to the misappropriation of bonds
needed.
221
below throe hundred million dollar*
before the day ot redemption, and only permits even that contraction iu certain conlinc^eucies not likely to work that full result.
NOW
OIJTSTANUIXG.
Let
it
be supposed that by January
1,
1879, only three
hundred
The following statement, exhibiting the amount of million dollars of legal tenders shall be outstanding. To reduce
their amount so low, under the law, large issues of new national
paper currency issued and outstanding on January 1,
bank notes must be made. National bank notes are redeemable
1370; tlie amount hold in the Treasury on January 25,
in legal tender notes by the United Slates Treasury.
Existing
1876; the amount held by National banks on December lawa do not require the banks to make provision for any other
17, 1875 (the date of their last report), and by the State,
Therefore, whatever provision shall be made for
redemption.
savings banks and trust companies, as nearly as can be redeeming legal tender notes will apply to the national bank
ascertained from official sources, has been prepared to- notes, and must be sutficient in the outset to bring the whole
volume of paper currency up to par of gold whenever redemption
day by the Comptroller of the Currency. The stateshall be declared, and to hold it, or so much of it as shall remain
ment shows the amount of paper currency now in the iu issue, exchangeable for gold. That is, the Treasury must have
liands of the people to be $532,061,165.
I
PAPER MONET ISSUED AND OUTSTANDINQ JANUARY
I,
1876.
Fractional curreucy
olil deinaiul notes
Legal tender notes
National bank notes
$44,147,072
6!<,642
371,827,220
346,179,756
Total
trG2,623,«90
Lfta—Ctiih
tbio
ill
Treasury, January 25, 1876—
Legal tender notes
or
,
IhtTO
wliicli
$77,359,441
was held
for
•
U.S. coitiflcates of deposit
I
Natif>u»l
In the
I
December
IT,
Bank?,
31,005,003— $46,354,441
1875
Fractional currency
National
5,123,730— $60,233,826
if««— Cash in National Banks, December
Legal tender notes
17, 1875
i,fl01,02;5
U. S. certiflcates of deposit
I
National
3<,005.000
bank notes....
£/*»—Cash in other
17,166,190—121,797,290
Banks—
SUte banks
amount
3,833,0IS— 48,431,409
to be deducted for cash in the Treasury
Leaving amount of paper cnrrency in circulation
'DEPOSITS AND CASH Or STATE AND 9AVINOS BANKS,
and in banks
230.462,525
$5.32,061,165
AND TRUST COUPANIES,
TROII RETURNS, 1674-71.
Uatabanks
Savings banks
'raat companies
of
England a year
in
advance of the time named in the Act
of Parliament.
17,85S,18a
Trust companies
irotal
Bank
$26,740,215
Savings banks
one can determine in advance what amount of gold would
it.
It is useless to seek to know, for the experiment
will never be tried. Prior to the resumption in England in 1831,
after the long suspension of twenty-four years by the Bank of
England, even before the passing in 1819 of Peel's act for resump
tion, the paper currency of that country had sufl'ered a violent and
extreme contraction to- such degree that the remuinder was insufficient 'or the wants of business, and was at par 9f gold long
was at a discount of only two or
before resumption was declared
three per cent for gold when the act for resumption was passed.
No further contraction was necessary, but three years was the
time allowed by the act for other preparatory measures and
adjustments, which, being accomplished in two years, the entire
resumption was declared by the Governor and Company of the
$70,725,077
Fractional currency
No
suffice for
—
8,755,655
bank notes
gold enough, beyond the amount required for ordinary disbursements, to redeem or protejt about six hundred and fifty million
dollars I'f paper currency.
DepoMs.
Cath.
$165,871,439
$26,740,215
849,581,633
17,858.182
85,025,371
3,833,012
The Bank of France has been under suspension since 1870, but
has always held the greater part of her gold, as the French people
held theirs, even when the Bank made its great war issue of notes
Because they held the gold and did not export it to other countries as we did, their bank notes, when in greatest amount, and
when a conqueror held
their couirtry, depreciated but inconsider-
Since October, 1873, their bank notes have been
contracted by $148,000,000, notwithstanding the great indemnity
paid to Germany in gold funds. So much coin is held amon|t
ably below gold.
the jieople in France that it bears no premium above bank notes.
amount of cash given above, the State banks Till) Bank has about $340,000,000 of gold in her vaults, and her
;ield $1,1.56,450 of specie.
The amount of sp«cie held by the outslanding note i.,suo amounts to only about $475,000,000; yet
lavinga banks and by the trust companies cannot be given, not with all thi'se conditions of safety the Bank of France dares not
Deing stated separately but included with "cash" in their returns. formally resume redemption without further contraction, which
The proportion of cash to deposits held by these inatitutious is is continually iu progress, even while gold is accumulating In the
Totals
$1,100,478,443
$48,431,409
In addition to the
i
I
s
;y
follows
:
16 75-100 per
State banks, (including their specie)
y savings
banks
y trust companies
lid
the proportion of cash to deposits of all
The
reserves of the savings
Is
banks and
trust
cent
2 10-100
"
4 51-lOJ
*'
4 40-100
"
companies are
bank vaults.
It is perhaps unsafe to say that the United States cannot make
BUcn an accumulation in three years as would redeem, or hold
redeemable, six hundred and fifty millions of paper currency. It
would far surpass what any other nation has ever done. It is
safe to say that it cannot be done without very serious consequences to our own and other countries. At this time, wLen
France is almost at the point of resumption but wants more gold
by the National banks.
of paper currency to individual deposits held
'y National banks is 19 35-100 per cent, and the proportion of
(or less paper out), when Germany is in the process of substitutirg
aper currency and specie is 23 6-100 per cent.
The amount of specie held by National banks December 17, gold for silver money, when Kuseia, Austria and Italy are tryirg
to get a better gold basis for tkeir respective paper currencies
875, the date of the last returns, was $17,070,905.
hiefly held
The proportion
I
THE CHUONICLH.
222
and wlien the Bank of England finds it difttcult to hold ber gold
In safe amount without making the minimum rate of interest too
bigli for the business prosperity of England
at tbis time, or at
any lime in the next tbreo years, an attempt on the part of our
government to get for itself and store up in its Treasury tbeee
hundreds of millions in gold would be resisted to the utmost.
The disturbance made by it would defeat all new negoti»tiona of
our securities in Europe, except at great sacriBco, and the proposal for it would arouse general remonstrance at home and
abroad. If it were proposed to begin now or soon a process of
gradual redemption that is, to obtain gold for our bonds, by instalments of fifty or one hundred millions each, on the best terms
practicab'e, and with that gold to redeem and cancel an equal or
larger amount of legal tender notes, and so by a series of steps
accomplish the redemption of all the Treasury notes that would
be a different thing to do. It would be costly and difficult, but
—
—
—
quite practicable.
The proposed
first
instalment of gold could
had for bonds at good rates, when it was to be at once
returned to the channels of exchange, and, when paid out, it
would make the getting of the next instalment easy, and so on
easily be
\
V
[^Turch 4, 1876,
prosperity or adversity in prospect,
that
etc.
—yet
is
it
morally sure
up their reserves with
and the volume of legal tender notes
the banks were required to
if
fill
gold by the close of 1878,
were reduced by 100 millions, the United States Treasury could
hold its remaining obligations redeemable upon a small
sum
of gold, probably not exceeding 150 millions in any contingency other than that of war, and that gold rarely to be
called for except to redeem notes of failed National banks.
if gradual and moderate in
would avoid the great evils and cost of contraction by
redempiion. Tlie National banks should be required to perform
their part toward the work of preparation by the gradual s-ubsti-
Contraction preceding redemption,
extent,
tution of gold for greenbacks in their reserves
The
of the latter yearly.
be
inconsiderable,
amount
of
only
on
interest
additional cost
\.o
say 25 per cent,
each bask would
;
premium and the small
premium
but tue aggregate
gold
the
that
;
would make a vast difference to the United States Treasury in
the work and cost of redemption in 1879.
This duty being
the banks, only partial
required of
contraction of
the
legal
would be
incumbent upon the United States
until all be accomplished.
By this process, too, the banks would Treasury preparatory to its easy redemption of the remainder in
be forced to put gold into their reserves to protect their own 1879. If redemption is then to be attained without an enormone
issues, and their deposits, then subject to call in gold.
By it, too, and oifficull accumulation of gold, the legal tender notes shonlO
only a part of the legal tender notes would need to be retired be reduced by 100 millions during the two years from July 1
before the remainder would be at par of gold, in use, not pre- 1S7G, by funding them. This course requires no gold, yet iti
sented for redemption. For, when resumption shall be practical, effect would be to draw gold hither and to restrain its export il
and redemption tendered on all paper currency, this will be the would disturb neither the fiscal arrangements of this or any otbei
inevitable result, that the aggregate of carrency which will government, nor the ordinary course of commercial and Indus
remain la issue, consisting of redeemable notes and the coin or trial business at home or abroad, except in its moral effect tc
bullion which mingles wilh the paper, wiU be, for the time, just inspire confidence and new activities its only effect upon monej
so much currency as the business of the people shall require, markets here or in Europe would be to enhance the value of out
without either excess or deScienuy.
securities and quicken the demand for them, thus sending us new
All schemes for accumulatiDg gold in the Treasury, to meet supplies of cheap capital, and to give employment to funds now
gold redempiion of the whole volume of paper currency, wilh no almost idle and this funding process may be almost self limiting
previous or co-incident'contraction of that volume, are radically in its extent of operation.
The slower the rate of accumulation, and the longer
defective.
To this end, the kind of bond to be issued for funding greenthe process is to go on, the worse it wiU be in eift^ct upon the backs should bear the lowest rate of ialerest at which it would
people's business, and the more costly to both government and be taken at par in greenbacks. It should compensate by its distant
tender
notes
;
;
;
people.
In the United States Treasury the legal tender notes represent
no
capital,
no
cost,
save of paper and printing.
In the hands of
the people or in banks they represent capital forcibly boi rowed,
without interest, from the people. What the people lose in inter
upon them the government saves (except tliat .be government
est
ought to borrow at four per cent, while the use of the capital is
worth sevsn per cent or more to the common people who most
largely hold the Treasury currency), so that when both are considered as one, there is neither loss nor gain of iaterest, however
great the consequential loss to both from the use of legal tender
notes,
The existing paper currency being too large in amount to be
maintained at gold value, it must be reduced, either before
redemption begins or in the process of redemption. Contraction
by redemption is practicable, if gradual, or by successive instalments, as before stated
would be possible, by the plan of
;
accumulating gold enough to announce entire redemption at once,
if only the gold can be stored up, and consequences may be disregarded. The process of contraction by redempiion would be that
the gold paid out, that is, substituted in the currency for notes,
would be exported so long as the operation itself should make
money so abundant that gold wouM be the cheapest article offering for export, and the rate of foreign exchange would send it
abroad. This would go on until an equilibrium, or true proportion between the paper portion of the currency and the coin
associated with it in circulation. Including reserves, should be
established.
Then the work of resumption of specie payment
would be accomplished. The period of superabundant money,
under the process of wholesale redemption with coin, would be
80 highly dangerous as to consequences which might follow, that
well-grounded apprehension might cause a paralysis, during the
transition, hardly less hurtful to business enterprise than exces-
money.
no necessity
sive scarcity of
But there
,
a very largo and costly accumulaIt is safer, easier, and cheaper to reduce the size of
tion of gold.
the thing to be redeemed, than to enlarge the power to redeem
with. Before redemption can be attempted, even of a reduced
volume
is
for
of currency, a store of gold
must be accumulated
;
but
it
should be remembered that, although none know in advance what
per cent of gold will hold redeemable a given amount of notes
80 much depends upon attending circumstances, as the condition
of business, dull or active, the public confidence, good harvests,
time of redemption for its low rate of interest, in the estimatlou
It should be as other bonds of the United Stales
are, payable principal and interest in gold
registered when
of capitalists.
;
and receivable on deposit in the Treasury
as security for bank circulation and government deposits.
It is believed that a fifty-year 4 per cent, gold bond will supply
desired; non- taxable
all
;
these requisites.
There
is
always, even in the most active times, a large amount
of capital, belonging to individuals, estates, trusts, etc., temporarily
unemployed or taken on deposit by Trust Companies at very low
At the present time the amount of such fnod*
rates of interest.
It would seek investment in these bonds at pat
is very large.
of greenbacks witii great avidity. The probability is, that of 100
million dollars of such bonds, f<hould the Secretary of the
Treasury be authorized to issue that amount, the greater part
would be taken by such funds nnd by greenbacks now privately
hoarded and that only a very small amount of capital now
employed in the ordinary channels of business would be invested
The National bants would take some portion for
in the bonds.
;
deposit against circulation, releasing bonds
cent.,
and the
Ijitter
would be
bearing 5 or G pet
likely to go abroad or be taken
for
investment outside of active business whenever their proceecfe
could be profitably loaned by the banks, and thus the free capital
applicable to business loans and discounts be increased rather
than diminished by the funding of the first 100 million dollars of
greenbacks. Free capital and not its instrument, currency, is »hat
we most need in the times of highest activity of industry and
trade.
The
prosperity.
creation of free capital
It is
is
what we need now
to restore
probable, almost certain, that no more than the
would go into 4 per cent,
funding unlimited. It would be
idle or almost idle portion of capital,
bonds were the authority
for
stopped at a safe point by the better rate of interest for the use
of capital elsewhere to be obtained.
The operation would be selflimiting, automatic. But the retiring and cancellation of green
backs would have an effect upon the condition of the banks wilh
regard to their reserves and eventually their circulation. The
deposits in banks are a part of the aggregate circulation of the
however dormant usually, liable to sudden and
sometimes violent motion. To move them currency is not alwa.^-s
necessary, or but little of it will usually sufiice. If the funding'
of greenbacks were to be too rapid or go too far for the time, it
would force the banks to a reduction of their loans and discounts
with 8ome effect upon general business ; though the inspiration
country, and,
. .
,
March
4,
THE CHRONICLE/
1876.]
and coufldence by the wboleaome process would go far to
It may be prudent,
therefore, to limit the amount of legal-tender notes to be funded
of hope
pared the
counteract any depreBBiDg effect even then.
ment
in the first year.
The effects of the operation in that year would give to Congress
and the people a guide for subsequent action. It is inexpedient
Thoro are periods
to prescribe a monthly amount to be funded.
in the year when no part of the currency should be withdrawn
in other months holders of currency would gladly avail of such
means of using it. The Secretary of the Treasury should be
periods in
and private interests.
Contraction of the currency
a necessity of resumption of
specie redemption, either preceding or attending it.
is
Contraction through redemption
would work so much injury
should be adopted only as a lost resort, and then by instalments gradually, with the least possible hoarding of gold in the
that
it
tion would be harmless in operation
it would improve public
and private credit wherever credit ig deserved, and impart new
life and hope to all who are not too far gone towards insolvency
by its bright promise of a sound, safe basis for business hereafter.
;
While the bonds
to be issued for
funding should bear the
lowest rate of interest that will permit their negotiation at par
or a small premium in, Treamcry noics, under proposals for the
best bids for them, the funding should be done and the bonds
should issue for that important purpose, even if it were neces
sary that they should carry 4} or 5 per cent, interest or even 6
per cent, (on short bonds) aa was provided in the original legalThis one measure would
make
and beneficent.
1875, practicable
the currency act of January,
If
with
this.
Congress should
provide for a gradually increasing gold reserve to be held
banks, the act
would be complete and
by the
effective for its object.
These proposed amendments are simple and easily understood
all men of business.
In operation they would be preparatory,
gradual and harmless. If Congress cannot agree upon these or
some better or more effective amendments, the act should stand
by
with
its
pledge of redemption in 1879
;
so that if unful-
which Congress can so easily give, it
may stand as a bitter reproach upon those, whoever they may be
upon whom shall rest the responsibility of defeating the most
wholesome and important measure of Dolitical economy presented
for the action of Congress in the last half century, in which the
last three Congresses have been unfaithful, except in enacting
the imperfect law of January last.
Great depression and distress followed the financial crisis of
lack of powers
1837. For five years there was no perceptible recovery or improvement outside of New England and New York. Specie p.ayment
in those States wag resumed in 1838 and 1839, and thenceforward
they recovered, but slowly, because all the rest of the country
was under the curse of suspension, and stay laws and depreciation of values
—
—
verging towards bankruptcy until 1813. Then the
resumption became general, and from that date all the country
continuously prospered (^except a few months in 1857-1858) down
to the acts of secession.
Thanks to the firmness of President
Jackson and his ("abinet, the Treasury of the United States did
not suspend specie payment, and the rule of the United States
Bank was ended. Van Buren, elected
1836, " followed in the
footsteps of his illustrious predecessor," in the same line of policy
from 1837 to 1841. Yet the people, so prosperous under Jackiion,
m
suflered fearfully
cial
convulsion.
under Van Buren from the
As some of them had
effects of
the finan-
attributed their prosper-
even the bountiful harvests, to the wisdom of Jackson's administration, so even more of them blindly attributed to Van
ity,
Buren's administration the evils which
had originated years
and a great majority thereupon rejected the Democratic
rule and elected the Whigs, headed by Uarrison and Tyler, to
power. The Democratic policy had demanded hard money, an
independent treasury and "pay as you go." The Whig policy
was for a national bank and plenty of bank currency (always to
be redeemable, however) and bank credit. When in power, the
Whig Congress at once re-chartered the United Sta'.os Bank, or
rather chartered a new one, for the old one had failed as a Pennsylvania bank. Harrison had died after a few weeks of service,
and Tyler vetoed the new charter, the one great and good act of
his political life.
Happily, that Whig Congress also passed the
bankrupt law of 1841, which swept away the great body of debt
that had come down constantly swelling from 1837, and that prebefore,
faithful to Its
money
cepted the hard
policy
in
those
policy of the Democrats, the
people'i
days.
manufacturer and householder, the value of whora pn>perty ig
sinking month by month, are suffering; bat the wages earning
people, who are idle or getting only starvation wages, are gufTering in far higher degree. To many thousands the necessitiog ot
life are in peril, and Cougreaa holds in its hand the power to
gave
or to destroy.
of tU« rich prairiea of the West, sure of a good
it from the ground, under God'g promire
living. If they will take
m»y aak for more currency, that by it
get a higher price for their wheat, corn and pork, or
cultivate a few more acres each— forgetting that if they get
of seedlimo and harvest,
may
they
may
more for what they sell they must pay far more for what they
buy but they should think of the artisans and laborers in the
;
older States and iu the seaboard cities and towns,
who pitifully ask
be allowed to earn the food needed to keep them and their families
from the poor choice between starvation and beggary a privilege
to
—
which their late employers can no longer grant because themselves are bankrupt and their works c'osed, or fast drifting
towards
it.
The Western man wants
tender laws.
it is,
regume specie pay -
—
The people
Contraction by partial funding before beginning gold redemp-
filled for
to
The Democratic party remained
hard money policy through that and succeeding admioiatrallong,
and in 1844 the people replaced them in power. Before tho next
election— that of Taylor and Fillmore in 1848 the Whig p»rty
had abandoned its National bank and kindred theories, and ac-
Treasury.
as
few gurvivlng banks
for the
in 1813.
The people are Buffering now, but
In
small degree compared with what they mast guffer
if
the present wretched paper money policy be continued.
The interesta now at risk include the good name and honor of our
to retire the yearly sum in such amounts and at such
tho year as he sliould find most favorable to public government, but are chieSy those of the people. The merchant,
;
authorized
way
223
capital and he calls for currency.
He
wants the substance and he asks for the shadow, not seeing that
if he has not the capital he cannot get the currency, however
much there may be. For his poor illusion he would force a
policy of ruin and desolation upon the great commercial and
manufacturing interests and industries of the country, to work
eventually his own serious injury.
His highest prosperity
depends upon the prosperity of the other sections and other
classes of people, who are his consuming customers, and he must
share their misfortunes. The people have become impatient of
fruitless discussions of principles and theories in the abstract.
They demand something concrete in the form of acts definite and
effective, or a clear and distinct refusal of relief.
Boston, Jan.
Respectfully yours,
B. F.
27, 1876.
Noorsb.
FINANCIAL REVIEW OF FEBRUARY.
During the month of February there was little to disturb tho
even course of financial affairs, and both here and abroad the
tone of feeling was generally healthy, although the improvement
in mercantile business was not satisfactory.
Money continued
quite easy, and, except for the withdrawal of
some specie from the banks toward the close of the month, there
would have been a considerable increase in the surplus reserves
of the banks.
Call loans were quoted
down
to 3
per cent, on the
and prime commercial paper sold as low as 4}
best collaterals,
per cent.
There was a large demand for government bonds, particularly
month, and the advance in prices seemed
to have little effect in checking purchases, which were made
chiefly by financial corporations, both in and out of this city, for
the purpose of strengthening their position.
The introduction
into Congress and passage by the United States Senate of the
in the early part of the
bill to issue |5CO,000,000
4J per cent. SOyear bonds had
influence in the latter part of the month in throwing the
some
main
demand for londs on to other issues than the five-twenties.
CLOSraO PRICKS OP COMaOLS AMD P. « BBOniUTra» AT LO!rDON IN PEBRCART.
Consola U.S.
iConaula U. S.
Date.
for
5-ao, KMOlNcw
Date.
for
5-80, KMONcw
1
money
Tueeday..
Wfcdnead'
Tliursday
1('<)3
iM
Friday...
Saturday.
Sunday..
Monday...
Tuesday..
1-lfl
3 14 i-lO
4!9I 3-16
5 »4 3-16
.
8'
M 3-16
11,94 l-i6
.M W
1-16
Sunday.. ..13
Monday.. 14I94 3-16
Tuceday. 15 34 1-lG
Wedncsd yl6 <H l-lfl
Tliursday ..n;'»4 t-l«
Friday.
tsllMJt-
10,')»i]'satHrday...l9 91 5-16
Snnday
1
1867.
filtts.
ma
loes'
ift
Monday... .21, 9(7-16
[ma Tuesday. 22 94 7-16
1105^ \Vcdnc8d'y23 915-16
Tliursday ..34 9i 5-16
1106
Friday
25i94 5-16
1MJ4
109,V
109Ji
109X
61
<t
.
1
money.
javc:^.
•MX lori.i
ictw "
15-11)
Wednesd'
94 3-16
Thursday .MII/J4
Friday...
Saturday.
1867.
108
i09x;;io3x io«
iSatarday.'..«6j94 5-16
j66«
'109
105X 106
108X '05X 106
109
IC&«{10«
103X1 106X 136V
i6sSli06S|j6e>J
Sunday. ...»7i
llOSJi 106
--1
109« ,105)i|lO«
Moud8y....88 94 7-16 I07X 106V 106W
1091/, l5X,l06;i Tae8duy...S9 94»-16 108
106V •MM
'
1
10!(>i|105Ji|106M
...•r..,
Opening
23 15-16
109V 107V 108V
106X
lOSV
106V
106X
Highest.
1917-16 |l09Vi308V
9:; 15-ie 107V loss
|106H Lowest
109), 106V|106Vt CloaiUR
194 5-16 106
106V
109 Ji 106K 106M Iltgb. Since 94 7-lS 109V loav
109>4 105?^]l06»i
109X 106
I
109>«
Low.
(
.Ian. IjtH
9-16 |l07i< 105 S' 104!,-
H
l^HE CHRONICLE.
224
cLosms PRICES or qovsbnxsnt BBcmuTisa
fkbruart,
in
coup.
68'81
reg.
xllW
inx
122^
5s '81 fund.
Feb.
1
3
117X
in>i
IITX
4
5-308
69'81
coup.
1865.
5.208
1865.
5 20s
1867.
new.
119% 181X
122
ms
1S2K
122H
12aX
118X
l«2Ji
-
.
IITX
inX
S-SCs 10-40s
reg.
1868.
10.408
6b
coup.
cur.
123)i
....
119%
1^1%
121X
IltiX
U'JJi
116K
1I9K
119X
12I?i
116)4
119?i
123K
7
inx
12ax
128)4
117X
8
9
10
117);
11754
....
IJHX
....
122)4
m)i
116)4
18«>(f
11
12
117>4
118H'
i!7)i
117)i
117)4
117Ji
ii9jkf
117«
122)4
122>f
181)i
121.M
121Ji
116%
120^
120«
•117X
120X
IS
14
15
18
17
18
118
125 J4
1185i
123K
123X
123K
U&X
118%
118X
118X
19.
20.
122)4
183
118
ma
nsx
....
It9J<
119,S
119«
S
119K
!20
180
120
!28)i
128)4
182)4
12i>4
122)4
11974
120
123%
ai
24
85
86
27
88
89
118%
118%
138)4
123%
12S%
123%
118
117
1183i
....
14-3%
117%
118%
123%
118%
121%
122%
....
....
117)4
Opening.
Highest.
Lowest..
Closing
!17)tf
122
122=4
ni%
123%
117%
118%
118%
-.18%
122% 123%
117
lli)i
.
ma
128
Fargo Express... 85
85% 80%
86% 85% 91
85
S7%
Hud. Canal
124
185
120
119% 180
122H 119% 121
149% 163
152
153
149% 153
150
150
Farmers' Loan & Tr. Co
850
250
250
250
Reno R' Estate, 2d Dfd. 103% 105% 103% 105% 105% 105% 105% 105%
Wells,
Del.
&
....
Gold was quiet and steady at the beginning, but later in the
month was stiffened up toll4i by the shipments of coin, which
USX were made to a moderate extent, but with a good prospect
125X continuancrt for some time in the future.
lav
125«
..
120)4
.
.
123X
lis"
119%
119X
lliX
132%
122%
121%
121)4
llSSi
....
118X
....
....
....
....
181H
121%
;215<
121%
18;!X
13.3H
12.3%
....
116Ji
119X
122^4
12;i)i
USX
118X
1-il
l'«%
116J4
12154
119?<
119!i
121
183>i
118%
121%
..
119X
8
119X
119X
UQJi
120
121)4
Date.
127
121X
123)4
123^4
.
127
127
Tuesday
Wednesday.
127X
Thursday....
Friday
Saturday
158
127
...
127
121
...
125
128
185
127
tlie
a.
KallroRd Stocka. Open.
& Susquehanna 101
& Pacific pref.. 4
Belleville & So. HI., pref
Central of New Jersey. 103!.5
Albany
98 H
Chicago & Alton
pref...
do
106H
Chicago, Burl. & Quincj 114
Chicago, Mil. & St. Paul 35%
do pref. 67
do
do
& Northwest'n 3'.)5<
do pref. 56)4
do
<Sb Rock Island. 105
do
& Ind.
& Pittsburg guar.
Columb., Chic, fc Ind. C.
Del., Lack. & Western.,
Dubuque & Sioux City..
Cleve..Col., Cin.
.
Cleve.
5V
19
I
Friday
Saturday
Sunday
80
Monday
81
28
Tuesday
y/h
72%
16%
31
20?^
St. Joseph..
pref. 28
do
130)^
&
Foreign exchange was strong on a moderate business, and,
STKBLOIS UXOHANOX FOR PEBBUART,
60 days.
Feb.
••
1
53%
5
118
74
18
.4.a5%@4.86%
4
89%(a».90
4,
89
.4.85i/i!a4.86
4
8.1
,4.85%@4.86
.4.85%®4.86
4,
.4.85%@(.88i4
.4.85%@4.86
4.85%@1.8a
4.85)^(fi>4.86
.4.85%@1.86
143
pref.
TlIE
@4.89%
"
"
@4.89%
89%®4.90
39 @4.89H
89 @4.89%
89%@1.90
89%@4.90
••
Panama
do
St. L.,
Chi.guar
Alton
&T.H
do
l)i
105
146
115%
161%
is
the
do
do
pref.
Stonington
Wab.
do
pref
UnionPaciflc
Warren
*
.
5%
22
25
B>f
82%
32%
3%
in
5
74
102
do
. .
63
39%
do pref. do
Quicksilver
pref
do
Adams Express
American Express
United States Express
29%
29%
19
70)4
55
20 !<
loy.
57
45)f
18
45"/,
nv.
. .
65
46
9\i
9%
10%
18%
23%
10%
18%
84)4
©4.901
4.89
^^
8,
March 3,
March 3,
March 3.
1865
1885, new. March 3,
March 3,
leer
March 3,
1868
1881 July
14,
Interest
Periods.
'^S
64
61%
44
8%
81^
9
17
23!<
101
24 J4
109
9
19%
102)4
57
104%
59%
68%
68H
62%
68/,
61
74
at tht! cIojh
i
i
1855
1837
1883
1881
Bonds Outstanding,
j
.a
32
& J.
* J.
& J.
J. & J.
J. & J.
M.&S.*
M. * N.
J. & J.
J. & J.
J. & J.
1874
1880
1-81
1881
1881
1904
1885
Registered.
J.
J.
a
$260,
b
13,794,
.T.
c
'
d
d
d
d
d
d
d
Q.— F. d
Coupon
4,621.0
945,0(W
63,305,650
21,297,?5n
126,015,
^3.7ll2,
68.859,7.M1
141,70b,
33,879,
59,Bf6,
90,201,
14.690,
221,395,
116.678,900
148,977.000
2211,417.800
22,783,800
281,66-1,650
$755,335, Oi
$987,549,400
(a)
Coupon
J1,000, registered $5.0 ». (*) coupon $1,009, registered $1,000, $5,000. $10,000.
$50, $100 and $500. (d) coupon, $50. $100, $500 and $1,000, registered, same
(c)
and also $5,00ii and $10,000.
* Coupons of $.50 and $100 bonds are paid annually in March.
On the above issues of bonds there is a total of $11,517,355 of interest over-due
and not yet called for. The total current accrued interest to date is $13. 317,984.
Debt Bearins Interest In I<a>vlnl Moner.
Principal. Interest
I
Navy
pension. Act July 23,'68, Int. appl'd only to pens'ns '$14.000.000' $70,
Debt on Whlcb Interest Has Ceased Since matarlty.
There is a total amount of overdue debt yet outstanding, which has nev
been presented for payment, of $18,182,080 principal and $436,541 interest,
this
amount
$17,311,400
is
on the "called"
1
five-twenties.
Debt JBearlns no Interest.
275
44
1876.
The sizes or denominations of each issue of bonds are as follows:
103
275
4.89%@l.90|
of tin public ddbt
staie.ne.U
67%
39X
18%
74%
4.89%®!.!
Range. .4.8i%®4.8'i%
I
rest in coin
Aggregat e of debt bearing interest
103
17%
ass't paid
of
of
of
of
14,
March 2,
.luly&A.,
Funded Loau,
12X
130%
50
47
Canton
M'p'saL&M.,
10-40'8
3 8,
.
Western Union Tel
American Coal
Consolidation Coal
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
of 18S1
of 1881
War
49
nilHCellaueoaH.
Pacific Mail
Paciflc Tel.
Atlantic
Oregon
Feb.
21%
135
& Western..
Act
June
17^
4
©1.901
4.89%®4.»ir
4.8»%ai.9;)|
4.85i4®4.86
4.85%@4.8<)
official
Auth'rizing
Of 18.-)8
of 1381
34
b
20
15
I
@1.9't)
4.90
I
I
rl-2
5-30s
5-208
5-208
5-208
91%
...
pref.
St. L.,Iron Mt.& South.
St. Louis. Kan. C. &N..
Tol.,
1
93%
"
@4.90S
Debt bearlae Interest in Coin.
12%
105%
special
I
a4..4,8.5%@4.86%
25.. 4. 85% ®4. 86
26..1.8.5%@1.86
appears from the books and Ti-easarer'n raturm
business on the last day. of February, 1876
60
127
W. &
Pitts., F.
"
"
S
80.
4,89%@4.99|
4.89%@4.90J
4.89%@4.90l
81..4.85%®4.8H% 4.90
Holiday
88
23..4.85%@4.S0i/j 4.'«)
DEBT STATEMENT FOR FEBRUARY,
The following
13%
60%
12%
Pacific of Missouri
"
©4.89/,
89%®4.g0
8^%ai.90
89%@4.90
3 days.
Feb. 17..4.85%a4.S6
" 18. t.8l)%®4.86
" 19..4.85%@1.66
©4.89%
@4.89%
89
4 89
.8
89
.4. 85%® 1.36
141
New Jersey
New Jersey
do
tB
1876.
60 days.
3 days.
2 .4.85%(a-i.S6
42)i
64
lOi
N. Y.Cen. &H.R
do N. Haven & Hart.
Ohio & Mississippi
th
foreign markets.
Character of Issue.
187
il
ping point.
The principal demand for bills came from
bankers who had been importing United States bonds from
nu%
98%
13%
Lake Sho. H, Mich.Sonth 61 %
Michigan Central
59)S
8
Mo. Kansas & Texas....
102%
Morris & Essex
Southern...
172%ir
02%':i04%il«
112%!114%!ll«
the latter part of the month, prices were close up to specie shia
19%
Illinois Central
Kansas Pacific
1.57)i 15214
na
V
Harlem
I
1862.
103>/i
IS'ce Jan. 1,1876 113
Wednesday... S3 114% 114% :14%|114%
4
116
40i^
irs
b:.%
Holi day.
.4.85%®4.86
lil'/t
...I
114
11.3%, 114
....
i;i% iio%:ii2%iio%
181%, 11.5% 121%|115%
136% 1.30% 1136% 1.31%
140% 139% 144 !141)4
135%; 1.35% 140% 139%
140% 1.35% 140)4 136
204%, 196% 216.% 202VI
157% 157% 161 '1591
1871
1870
1889
1868
1867
1886
1865
1861
113»<
do preferred
Hannibal
114
!113%|114
1131
...85;il3% 113%ill4% 114
Friday..".
!*atnrday
'
113% 113%
..
I
113%
4
101
71%
40%
61V
19, 113)4 lll3)4
.4,85?if@4.88
107
130
iiii
M
113%113% 113%
18
4
106
5
116
72
11.3% 113
113
lis
5;
.4.85%®4,86
100 Ji
67
111)4
Sy,
!
41
19
107
105
110
45«
120%
113% n8>4||Thnrsday....84
;
1113
1
EX
105%
8II>4
59X
89%
1113
'1)
Sunday
13
Monday
14 Uili 113% lisk'nsji
Tuesday
151 113% 11.3%, 113%! 113%
Wednesday. ..16 113% 113% 113% 113)4
Thursday
17 1!3)4;113% 113% 11.3%
103
my.
46H
15%
Krle
101
7
19
.
3!
.
—February.—
,
High. Low. Clos.
105
Atlantin
113
26 114
113% 114 |I18)i
112%!ll2%) 113 1112% Sunday
271 ....! ....| ...
28ill4 ill3%!]14%ill4!
112%;112%^ 118% 112% Monday
Sunday
114
61
Tuesday.
..291114
114% lit
ij ii2%;ii2%' 118% 112%
Monday
Tuesday
8 118% 112% 113 |:i2% Feb., 1876
118
112% 114% 1141
Wednesday .. 9 113H'112% 112!i 112%
1875
i!3% 113X1115% 1141
Thursday ....10 i:2%;ii2j4 112% 112%
1874. ... lllH lll%lll3
II2I
Friday
11 113
112% 113 1113
1873
11-3% 112% 115% 114%
Saturday
12 ,113
113
113%ill3
1872
109% 10;,i/,'lll 1110%
RANGE OP STOCKS IN .lANUART AND rEBRtJART.
.January.Uisrh. Low.
1
2 Ii3%:ii3
1
121%
montli,aud the advance in
express stocks and th.ise Western railroads affected by the repeal
of the Wisconsin " Potter " law was quite marked. In the latter
sharp attack was made on Pacific Mail and
part of the month
Western Union Telegraph, which carried the prices of those
stocks down to lower prices than had previously been touched for
many months. This "bear" movement was attributed to the
operations of Mr. Jay Gould, who ho!ds a larg^ interest in
Atlantic & Pacific Telegraph and Union Pacific Railroad.
The following table will show the opening, highest, lowest and
closing prices of railway and miscellaneous stocks at the New
York Stock Exchange during the mouths of Jan. and Feb.:
.
1876.
128X
us
118>f
122X
OOURSB or SOLD D) FSBRCABT,
125)4
126
Railroad bonds were strong on a good demand, and prices of
many issues made a furtlier advance beyond tlie best point
reached in January. Railroad and miscellaneous stocks were
buoyant in the early part of
.
125
Holiday
:i8%
117%
February
,
Open. High. Low. Clos.
,
New York Gas
185«
116%
123)4
123j[i
118J4
125
125
H
1876
4,
i
12aji
21
22
January.
.
Open. High. • Low. Clos.
i;9>4
ll»3i
119?i
182
[March
187G.
-Conpon bonds.
S
:
.
Old demand notes
U.
S. legal-tender
notes
Certificates of deposit.
Outstand'g.
Authorizing Act8.
Character of Issue.
July 17, 1861, and Feb. 12, 1862
Feb. 25 and July 11, '62, and .Mar.
Junes, 1872
July
Fractional currency
Certifs. for gold deposited ,Mar.
17. 1862,
3, '63
Mar.
3,
1863
& June
3,
1863
30, 1804
(in $20, 50, 100, 500, 1,OOII, 5,000)
Aggregate of debt bearing no interest.
$63,152
370,913,898
33,045,000
45,li0.138
32,915,000
$487,091.976
—
Miirch
—
C
.
.
,
COMPARATIVE RECAPITULATION.
Amount
Interest.
Month ended Jan,
percent
Total debt bearins interest In coin
11,682,684,400
Dkbt bkauino Intkukst in Lawful MoNsr
Navy pension fund at per cent
Pkbt on wnccii Int. has ckased sinob Matdbity.
Debt beaking no Intekest —
<Mft demand and lejiral tender notes
months ended Jan, 31, 1876...
"
"
1875.
CMtl and Silver.
Month ended Jan.
70,000
4i>6,541
7
88,0t.\00.>
Fractional currency
Certittcatea of goid deposited
4S,!SO,1.2-i
•
1875.
Total
Debt, less amoniit in the Treasury, Mch. 1,1876
Debt, less amount in the Treasury, Feb. 1, 1876
7n.C3.'l.772
9,.W.404
1,031.516
|n.91«.M5
2M.«r7
.
ll,875,.3-20
23,488,04)
44.tS4.20«
a,«M,Ut
t,U4.7M
9,659,112
$117,610,17(1
.
.
2,118,M3,0:J9
,
t3,!7J,733
1.3,7JH.4l!l
.
Inteiest Balance of
repuid by Int. paid
Interest
Amount
I
paid by
Outstand'g. United Sfs tr'nsp't'n
by U.
The
6,303,00(1
3,2!li,9R3
27,236,512
1,600,000
1,170.560
12,701,420
829,808
1,628,3201
731,53.)
7S1,4%
1,442,885
3,996,778
44,408
9,367
39,112
1,8.^0,09!
pool lor
lie
I
past
772,129
692,441
$64,621,512 $30,141,513 $6,724,317 $28,417,195
94 5-16
94 5-16
U. 8. ris (5--20S,) 1865,old.l05
1367
108,'i
II, S IO-40S
1065i
Nhw 5.
106Ji
Tr^iuotations
by Customs Districts, of tlie values of Imports into,
and domestic and foraiga exports of morclianclise trom, the United
StAtemfiut,
Imports
CustoniB
Districts.
.Alaska,
of Januiry, 1876.
rirtiin'tte Wft»*n
Dom'tic
Por'n
$
$
Mobile, Ala..
.MoQtauH,&c,
Nantncket.,M,=
Natchez, Mlis
NC.
AVxdna.Va.
Al'mrl",
An'polis, .Md
,.
1,856
2,086,499 2,947,693
Banj^or, Me,
B'stahle, M's
Bath, Me.
Ilea
3,480
235
5,725
NewYork,NY
BrM&WnRI
Castine, Me.
Chmpl'n.NY
SC
Oh'stono, Va
Charl,-tn,
Chicago,
III.
Oswego, NY,,
3,618
394,278
20,479
Pamlico, NC.
del Norte, T
1.35,500
S6,.30O
P
P'quoddy, Me
P. River, Miss
6,.367
1,0«
2!;596
88,143 2,690,423
21,9.53
'
'
Detroit,
D
M'h
94,596
141,532
2,346
DuLuth.Mn
Dunkirk .Y
KastDist.Md
filortcr,
...,1
208,350 2,586,296
'
2,012
..
.
6,380
t6,m
C.tEHar.NJ
Knbunk, Me
Key West. F
1. B Har, NJ
Mschias, Me
Mat'head, M
Miami, Ohio
Mic'gan, Mb
148,679
93,030
....
W
M
242,822 12,431
3U,292',i4,^ 21,010',(i36 790,
377,842
4,371
57,966
944
283
6,923
17,813
Wn.
Wheat (Red
spr).¥ctl
(Red Winter)...,
d
"98
7 10
81,440
WT
Me
11,212
47,341
67,654
6
60
—
Francisco.
2,4-25
I,9i0i6i9
Savannah, Ga
S. Oregon, Or
St Aug'tine.F
8t John's, P..
St Mark's, F.,
St Mary's, Oa
j^tonington Ct
Superior Mich
5 674
19,430
696
111,136
1,726,899
3,616,085
13,571
10,300
d.
6
81
51
81
51
U
59
69
60
60
d.
8.
4
6
4
16
16
9 S^
10«
.
.
44
60
24
44
60
23
6
345.288
20,'i96
Wal'bort), Me
William'te, O,
si'.i-ii
NC
4IL297
Wilm'ton,
30,196
560,2(19
Wiscasset,
Me
^ommcmal
7 10
9 8
Wed.
Thor.
e.
91
61
61
d.
s.
3
91
81
51
6
«
d.
Thni.
a.
d.
6
Frl.
d.
6
8
Fri.
d.
a.
4
6
lOV
9
6
9
6
9
6
16
lOX
2:1
8
2
91
81
51
59
61
6
4
16
9
10
26
38
a.
s. d.
44
60
6
2
59
60
6
n
d.
7
Wed.
4
16
Frl.
a.
»
43
60
23
9
43
6
60
13
6
aiiir
iHisccUancous Ngojg.
—
tMPOKTs AND Exports for the Week. The imports this
sliow a decrease in both dry goods and ureneral merohandise
The total imports amount to $,5,078,878 thic week..
$3,440,39.5 tlie
previous week.
The exports
of cotton
week were 15,085
t3,9-22.248
5,47'J,488
Total for the week..
Previously reported
19,394,736
01,675.995
$73,070,728
1
1«7«,
1875,
$3,396,817
1874.
$3,219,741
6.752.556
1873.
Dry goods
Qeneral merchandise...
6,261,973
»1.95«.888
3.111,990
$9,972,300
62,070 609
t9,658.790
1:5.078,878
46,311.-2.17
48,688,005
$62,042,909
J56,tiOO,04;
»53,7«4,8S3
Inourreport of thedry goods trade will be found the Imporinf
dry goods for one week later.
The following is astatement of the export8(exclnBiVB ol specli)
fromthe port of New York to foreign porta, for ih« week ending
February 29
axpORTB raoH Maw tork for tb« waia.
For the week
Previously reported....
1
1875.
1873.
$5,252,908
39,047,067
1874.
$3,934,686
t.3.469.070
43.477,6i;3
35,892,266
1878.
$4,498,967
87.649,931
$44,299,975
$47.41-1.349
I3.),361,.336
$42.14S,«19
6,595
beginning of the year, with a comparison lor the correspondinfr
date in previous vears:
American geld coin., $400,000
Liverpool
Feb. 28—Sir. Java
Sliver bars
46,467
Hamburg
Feb, 14— Sir. Herder
45,000
Silver bars
London
Me
silver bars
Paris
Qoldbara
American gold coin..
Porto Cahello, American gold coin.
Yorktown, Va
I'l-;).
The
n
10
27
38
9
44
60
J3
(I
d.
a.
7 10
9 8
10 2
27
38 6
10«
lOJi
9
9
spirits)
d.
6
Thor.
d.
22
58
60
Tues.
8.
Wed.
s.
The following will show the exports ol specie from the port of
New Tork for the week ending Feb. 2<'J, 1876, and since the
La
Techfe,
Vermont, Vt,
Vicksb'gMiss
4
16
"
(pale)
Since Jan.
360
Va
10.475
"
cwt.
1>
92
8.
Hon.
d.
6
8.
(common)...
Tnes.
d
92
s.
Liverpool Produce Market.
ftosln
—
Mon.
d.
6
Bacon (l.cl. mid.lnewV cwl
"
59
liard (American) ...
.
• Foreign expsrls from Boston, $159,518,
following; are tlie totals for the month of January :
mporta..$U,0.3i,2-J6 Domestic exports, $56„559,635 Foreign exp't8.$l,098,157
Not Reported. -Imports— Brazos and Corpus Christi. Domestic Exports
Alaska, Brazos and Corpus Christi. Foreign Exports— Brazos, Corpua Chriitl
nd San Francisco.
|
98
38
92
81
*'
d.
22 U
7 10
9 8
in 2
27
38 6
s,
10
27
Sat.
Since Jan.
3,651
cotton.
:
.
Tex.
:
102
102X
bales, against 8,6'33 bales last week
Tuetollowinsraretheimports at New York (or week endins (for
drv goods) Feb. 24. and for the week ending (tor general uieroliaodise) Feb, 25
PORBieM IMPORTS AT NBW TCItK FOB THU WBKK,
29',i73
Sound,
Richmond, Va
lOJ
Tues.
10
7
Liverpool Provisions Market.
C.1eese( Amer'n fine)
d.
s.
22
"
" (Cai. White club) " 10
Oornin.W. mix.) Kl quarter 27
Pe:i8 fCan dianl # ouarter ;i8
the past
462i6il
Pt.
lOHJf
10«X
lOlK
Mon.
Sal.
week and
96'r
40i989
30,619
280,877
904
Provirfence.RI
107K
10>>\t
1064
4.aaiu8t |9,01ft,2l3 last week, and $"),310,518 ciie previous week,
The ex ports amount to |4,4'J8,987 this week, against 14,0-51,325 last
(.2j
71,858
2,738
35,168
109
107V
1071i
108>4
week
21,093
1,275,182
184,728
24,874
3,495i484
York,
1.421
96,147
1,402
1,803,927
32,.'J90
...
25
as.",
4,284
Tap'nock,
M'lown. Ct
Milwauk,
Min'sota,
1,262,874
San Diego, Cal
Sandutky, O.
225
35,782
Oeoree'n.S
Huron, Mich
1..330,!t64
105
10!^
1,881
3,9.11
8,85:3
Salnria,
Ocorge'n.DC
C
Ms
18,217
22.(175
Frl.
94 1-1«
»4 T-l«
106
— See special report of
—
ffbbl -a
,
Petersburg, Va
Philadelphia.
Harbor, NY
Salem, Mass,
Kric, !'«..,.
Kairfleld. Ct
F. Kiv, Mass
106X106>i
....
s.
Flour (WeoLern)
,
35,542
4.(87
94 1- 16
94 7-16
Liverpool Breadstufit Market.
rallow( American). ..S cwt
*'
Cloverseed ( Am red)
"
Spirits turpentine
1,800
105
103
106Ji
106>i
llUfi
107«
lOlX
PetroLeuuii refined)
P Amboy, NJ.
Saco,
Rdgart'n.Usi
Kernaiidina.
P. Bay, Me.
Oalvesl'n, T
f«euesee,,\Y
1,449,568
Pcnsacola, F,
Plymouth, Ms
Foltland.Me.
Po'mouti, NH
77
Corpus Chris
Cuyahoga, O
Deliware,
N Bedford, Ms
Nburyport, Ms
Nw liaven, Ct
N London, Ct
N Orleans, La
Niagara, N,Y
Norfolk, Va..
Oregon, Or,,
O'gaichie, NY
BridgefuMI
NY
-290,865
Newport, K.I
fort.XO
Beaufort, SC
115,.32b
Bellas , Me
Boston, Ms, 1,951,776 3,35lii97
Bruzos, Tex
Brnns\v'krta
BuirCrk,
Burlton, NJ
CVlnc't. NV
-Exports,—Imports.
Domestic For'n.
$
$
$
Newark, NJ,.
Ap'chcola,
Bnltimore
Districts.
$
A.T.
F
^ roost' k, Me
Customs
,
Thar,
91 .1-16
94 7-16
W
Sat.
— Exports
Wed,
91 7-16
94 5-16
94 11-18
7-16
United States new Sves ai Frankfort ,rern
tor
D. S, newflves
Taes
Mon.
Hat
Consols for money
"
account
Beef (mess) new fl tee
Pork (mess) new 1?bbl...
E.XPORTS FOR JANUARY, 1876.
,
Baak
in the
durint; the week.
£'.21(5,000
s.
month
marketsof ^oadon and Mver>
cable, a* ah wn Id
London Woney and Stock Mnrket.— The bullion
ban increased
786,40,1
Pacific Railroad bonds are all issued under the acts of July 1, 1862, and
July 2, 1864; they are registered bonds in the denotninatlons of $1,00<\ *5,000
and $10,iX)0; bear 6 per cent interest in currency, pay.ible January 1 and July 1,
and mature 30 years from their date.
States durinLf the
Nrn-
(fnglifll)
week have been reported by
8,704,641
The
A.\D
299,067,441
larKel Keportia— Per Cable,
Liverpool Cotton Xnrlctt.
IMPORTS
.
Inily closing; iiuotatlonsin the
S.
$26,886,120 $11,804,251 $1,191,765 $10,612,483
Total
.$301,4.38,077
I
8,lll.!)60,'0ii
to the Pacific Railroad Coimpaniea, Intercut
Parable In Ijanrlul money.
Pacific.
{
the following sutniuary
Increase of debt during the past month.
Decrease of debt since June 30, 1875 .
Union
$m.H8l
..
81, 1878
KniCllali
2,282.570,48:1
38,045,000
Pacific
Erporu.
Hjiietiii) anil (Joinmercial
>:;ntf9r
Western Pacific
Sioux City and Pacific
Foreign
Exp"rt<i.
$2,18I,S7«
$30,41 «,' 26
as proviiied by law
Central Branch,
Domestic
$762,291
$487,091,976
Coin
Currency.
Special depoHlt held for redemption of certificates of deposit
X.Tiiion
ToUl
Imports.
OoUl Value of Merehandite—VonwiHc Rrportt.
31, '76. .$50,446,692 7 mes. ended Jan. 81, '76.,
"
"
'7.5., 48.0CO,69I
'75,,
Total
$^,aK,l^^45^
Total debt principal and interest, to date, Including interest due
not prebented for payment.
Ajiount in tue Tkkasubt—
Central Pacific
Kansa!« Pacific
B1.4m.87«
342,254,758
32»3irr,32«
Month ended Jan.
Unclaimed interest
Character of Issue.
84,76«,6it3
tM,»88,470
•
...
Ferelint
tl,0l«.l67
1,I0«,«64
8,080,191
8,511,310
970,3.14,51.5
1875.
82,ltl5,000
interest
81, 1876.
months ended Jan.
$371,011,844
Certillcatett of doLJOttit.
Bouda I«*aed
Exports.
$8a,Ut,R»
(29,833,339
14,000,000
18,182,080
.3
bcadng no
7
Domeetle
ImiKirts,
$12.(i!|ii.226
1875
$9a4,999,«SC
697,884,790
per cent
Total debt
31, 1876
Coin—
in
Toul
Mtrchandiu.
Outstanding.
BonrlH at
Jljiidtiat S
.
225
ReeapUnlmtlon.
Dbbt bbarino Intkbist
:
.
THE OHRONICLR
187. J.)
4.
:
F.Oi.
26— Brig Sea Bird
26— Str. City of Richraond.Liveipool
. .
,
Silver bars
|
Less withdrawn from "Herder"
Total for the
week
,
70,800
»J,691
4.'A0(X)
15.000
4,0(10
1,069,849
850,000
$819,849
—
:
:
THE CimONlCLE
226
Total Bince January
18'.
4,
6
$6,359,835
1878
1,
Same time in—
Same time In—
|
1870
$5,171,095
5,641,37111869
6,441,461
11.25J.016
5,867,504
4,401,552
$13,587,011
1876
1874
1878
1872
I
11.163,574 11868.
a,810,.367
8,909,.536
1871
I
1
1367
1866
of specie at this port during the past
been as follows
Feb. 33—Sir. Alps
Savanilla
Total since Jan.
1.
week have
Silver coin
$500
Goldccin
Goldbars
Geld dutt
9,531
3,435
Total for the week
Prevlonely reported
523
N.ITION.IL BANKS ORGANIZED.
The United States Comptroller of the Currency furnishes
$575,969
1876
I
1875
$1,331,829
1874. ,.
918,0.37
1
Same time in—
1870...
$3,084,881
2,097,452
599,929
892,439
11869
20i,725|l8fi8
875,0131 1867
8.707,5151
r
J
following statement of National Banks organ zed the past week'
Bank of Afton, Iowa. Authorized capital, $50,000 paid-
2,326— First National
;
capital, $.50,000. J. T. Beebe, President; O. E. Davis, Cashlr"
Anthorlzed to commence business Feb. 23, 1876.
in
DIVIDENDS.
The following Dividends have
]
recently oeen announced
Pes
COKPANT.
$13,991
661,978
Same time in—
1878
187J
1871
[Maich
$5,539,988
PrevlouBly reported
The imports
,
I
Whzx
I
Books Clobsd^
Cbht. F'abui. (Days
Lebl^h Coal <& Navigation Co. (qnar.)
United States Rolling Stock Co
3
londenx.!
i$8 94g.lMch. 11
FRIDAY,
in
ARCH
Tbe money Itlarket and Financial
1876—6 P. m.
3.
Situation.
week have been
cipal characteristics of the
inclusive.)
— The
prin
the continued activity
The PnoviDENT Savings Lifb Assurance Society.— The and
readers of the Chronicle are probably somewhat familiar with
the name of this enterprising company, whose motto is " Pay as
you go get what you buy stop when you choose." In other
words, this company purposes making life insurance a simple,
common-sense business transaction, in which a party may see at
the outset what return he can obtain in any future year, should
he then desire, or be compelled by circumstances, to discontinue
the payment of further annual premiums. The company bases
its operations upon principles devised and recommended by its
vice-president and actuary, Mr. Sheppard Homaus, whose reputation is well known in life insurance circles, in this country and
abroad. One of the features which is most satisfactory to business men, in the company's transactions, is the endorsement on
each policy of an agreement to pay in cash a specified amount,
therein stated, at the end of any year (after the first), on surrender
of the policy.
For example, an ordinary life policy of
$5,000, age 35, annual premium $131 90, would bear an endorsement indicating the cish surrender value at different periods, as
follows
At the end of the
adyear
8th year
$48 60 5th year
S20r. 08
$.382 03
"
3d "
99 11 6th "
263 64
9th
445 08
4th"
ISlolhth "
32127|l0th "
510.31
As a practical illustration of the relative amount of cash paid
by this and other companies, a correspondent furnishes us the
following facts: In 1864, being twenty-eight years of age, he
took out an endowment policy in one of the leading companies
for $5,000, payable to himself at fifty, the premiums of $823 being
payable annually for ten years. After eight payments the company gave a paid-up policy for $4,000, for which they would allow
in cash only $1,741. Took out another policy at same time in
another company, premiums payable in ten years, but the policy
payable at death. Alter eight payments of $233 each, received a
paid-up policy for $4,000, for wbich the company offers in cash
only $989. In the first instance named, the Provident Savings Life
would pay $3,357, instead of $1,741, and in the second instance
$1,144, instead of $989. The cash surrender value has nothing
to do with annual dividends on policies, which are paid in this as
in other mutual companies.
Another feature with this company is the yearly renewable policy,
by which a party can pay for insuring his life for a single year at a
very moderate premium, without any regard to future reserves or
accumulations these policies being issued either participating
in dividends of the year or non participating. The Provident
Savings Company has large and handsome offices on Broadway,
in the Western Union Telegraph building, and we understand
that its entire capit.il is invested in government bonds.
The late firm of Parker & Cobb, bankers, 78 Devonshire
street, Boston, has been dissolved by the decease of Mr. Cobb, on
the IGth day of January last. The business is continued by the
new firm of Parker & Stackpole, who will continue to give
especial attention, as heretofore, to the purchase and sale of
investment securities, concerning which a long experience enables
them to give customers trustworthy information and valuable
—
—
:ockg.
depression in several of the prominent speculative stocks,
strength in governments and other investment bonds, an
1
money market and firmness in gold and exchange.
The accounts of mercantile business are not particularly
fav(
lopfflP'
and the improvement in trade which has long been ho;
The Centennial Exhibition is
for seems not yet to have arrived.
looked forward to in ii vague way as a possible agent to stimulate
business; but even in this some parties seem to have little faith,
and the N. Y. Tribune, recently speaking of the views taken by
those who are most hopeful in regard to it, says: " They make a
great point upon the revival of trade which is to result from the
Centennial .show, though they do not clearly demonstrate how
the spending of more or less borrowed money at a big or little
circus is to revive the productive industries of the country." The
allusion here, though not plainly pointed, is apparently to the
disastrous financial effects attending the advent of a circus to a
Southern town shortly after the war, the result being to break
the freedman's savings bank in the place by the withdrawal of
able,
:
1
I
—
—
advice.
—
Messrs. Laidlaw & Co., the well-known bankers, offer to
those desirous of investing in California mining stocks increased
facilities for promptly executing orders at the San Francisco
Stock Exchange, through the Bank of California, and will furnish
any parlies upon application.
New York Railway Company give
notice that the interest due March 1, 1876, on their first mortgage
gold bonds, will be paid upon presentation of the proper coupons
at the National Trust Company's office, in New York, after
full particulars to
•
—The New
Jersey and
March 1.
The Bank of Commerce, of St. Louis, Mo., in its statement of
December 31st, 1875, shows assets of $3,177,460, of which
$1,481,384 are discounts. The capital is $300,000; reserve fund
$671,403 amount due depositors, $873,730.
The steamers of the popular Boston line the Providence and
Stonington Steamship Company will leave, on and after Monday, 38th inst., from foot of Jay street, at 5_P. M. instead of 4:30,
—
deposits.
money market has been very
easy, with abundance of
per cent, on government collateral
securities.
Prime commercial
and 3@4 per cent, on miscellaneous
paper is in demand at 5@6 per cent., the quotation of 4i percent,
being so exceptional as hardly to indicate any considerable
Our
local
funds offering on
amount
call at 3
—
—
as heretofore.
BASKING AND FINANCIAL.
CAL1P0RNI.\ MINING STOCKs]
Owinp to the Increaeed attention which these Stocks are attracting among
Kastern investors, we have increa'ed our facilities for promptly execnting
orders for Uicir purchase nnd eale In Si>n Francisco, through the Bank of
California, and are prepared to f urnisli particulars Kpon application.
LAIBLAW « CO., 13 Pin* street.
is
also a
good deal of discriminatu
•ivy
1
Tlie weekly statement of the New York City Clearing-Housa
Banks, issued February 36, showed a decrease of $1,187,300 in
the excess above their 25 per cent legal reserve, the whole of such
excess being $13,634,950, against $14,883,150, the previous week,
The following table shows the changes from the previous week
and a comnarison with 1875 and 1874:
1876.
,
Feb.
Feb.
19.
Loans anadls.
20.
United States Bonds.
1875.
.
1874.
Differences.
Feb. 27.
Feb. 23.
$468,600 $292,017,000 158-2,655,700
$268.01 1,400 |S68,4EO.0O0 Inc..
Specie
22,041,900
20.706,200 Dec.
Oirculation....
17.183,100
17,032,000 Dec.
Net deposits.. 224,762,200 S31,-J37,400 Dec.
48,067,800
4D,01J.100 Inc..
Lee-altendere.
— There
15,921,800
82,482,500
26,4£8,:100
86,77.5,100
233,31,7,500
239,864,300
Bt.915,000
l,.338,70O
161,100
424,800
43,800
51.900,600
has been a
fair
business in
The discrimination
prices remain firm,
in favor of the five per cents has gone so far that they are now
selling in some instances above the five-twenties, which carry 1
In view of the uncer])er cent, per annum more gold interest.
tainty regarding the passage of the pending law for the issue of
4| per cent, bonds, and the long time which would, at best, be
required to reach the five twenties of 1867 in the funding negotiations, the present difference in jjrices would seem to be
unreasonably wide. The importation of bonds by foreign bankers
has not recently been of large volume.
Closing prices daily have been as follows:
Feb. Feb. Feb. Mar. Mar. Mar.
government bonds, and
68,1881
68,1331
Int. period.
26.
reg.. Jan.
July. ISSK
&
28.
liSJi
29.
1.
122Ji «122%
2.
3.
123},'
*m%
128},'
'my,
conp..Jan.&July.':23'.i*123X*12S« 123X
re<;..MayANov.*117Ji *117)i *n-,% *n~U *118 »118
63, 5-20'B, 1805
coup. May & Nov. *!1TK 117?i inji '117^ 118K 118«
68, 5-20'8, 1865
IWJi '119X
68, 5-20'8,1865, n. i., reg..Jan. & Jnly.*119»i 'IWJi *113!4 *V.9-ii
69,5-20'8,1865n.i.,coup..Jan.&Jnly. 119M llOX 119X •119,'i 119?< 1W«
reg..Jan. & July. 121^ *121it •laijf 121^ »121ji I81X
6s, 5-20'B, 1S67
121
63, 5-20'8, 1867. ...coup..Jan.<fc July. 121X 121X
121X l^Ji ISIK
6«,5-20'8,lS68....'...reg.. Jau. & July.*123« •12oM *123K *183'/; 'i'iSy, 'WSX
coup .Jan. & July. liS'/S 123"^ 1S3;4 *!23>i mji »123X
63, 5-20'8, 1868
reg..lMar.&Sept.'!lS,',- *m'A *I18y *118X USX 1'8W
5s,10 40'8
IWX
conp.. Mar. & Sept. 121.>4 1213i *lSlJi *x!8Ji *119
58,10-40'e:
115
118X
reg,. ..Quarterly. 116^ *1ISV2 *II8« 'USX
68 funded, 1881
119
119
5s funded,1881,.. conp. ...Quarterly. 118?i 118=^ •118JJ 118%
reg..Jan. & Jnly. 127 *m>i*yi6U 187^ '127 '127
esCatrcncy
.
;
—
There
of business.
among buyers as to names.
On Thursday the Bank of England reported a gain for
week of £316,000 in specie, the discount rate remaining unchanged
at 4 per cent.
The Bank of France gained 36,369,000 francs in
specie.
The Imperial Bank of Germany gained 8,131,000 marks.
•This Istheprice bid.
noaaK was madeaithe Board.
in pri.jes since Jan. 1, 1876, and the amount of each
class of bonds outstanding March 1, 1876, were as follows
-Amount Mch. 1.
-Since Jan. 1.Coupon
Highest. Registered.
Lowesv.
reg .. 119 K Jan.
$.
123?« Feb. 23 $193,511,850
63, 1881
89,:24.500
conp..l20Ji Jan.
133J-,-Feb. 23
6s, 1881
18i«
116.678,900
5-20'8,
16
33,879,750
coup.
Jan.
Feb.
IISX
63,
116X
69,686,100 142.977,000
Jan.
ia0>i Feb. 16
6s, 6-20'8,1865, new, coup. .117
90,204,950 850,417,800
coup.. 11%' Jan.
liUi Feb. 16
6s, 5-20'8, 1867
22,788,600
14,690,000
conp..ll33f( .Jan.
i23Ji Feb. 17
6s,6-20'8,1668
ligjfJan. -M 141,706,550
58, 10-40'B
reg..ll6JJ Feb.
55.569,750
I2!JiFeb. 28
.'is,10-40'6
conp.. 118 Jan.
119
Fek. 21 221,805,800 281,662,650
5s, funded, 1881
coup.. 1I6X Jan.
64,623,618
Feb. 83
188
6b, Cariency
reg. . l^H Jai><
The range
-,
.
.
—
:
—
,
Much
4,
Closing prices of secarltles in
oJ<< ,.
London have been as follows:
Feb.
Feb.
18.
ii.
IMH
I
10!»X
I
105K
lUSX
Mch.
I
lOd;^
I
loey
—Lowest.
Kiin;;o since Jan,
.
I
3.
I
105
104
I
107X
lOTV
I
loiiif
lOb,';
105S- Foh. Si
IU)>; Jan.. 13'
iO(ij<
loet.c
Wiw5»
H
X
K
H
X
,
THE CHBONIGLEL
187dJ
D.8.8b,5-30'b, 1865,
U.8.6e, &-a0'»,1887
0.8.59, 10-40'«
X
.
V
76.-^
1,
Jan..
3l
'MiiVi-.b.
II
.T.in
8
lOBJi
Kch.
1
.
Mondar. Tnndar, WedneMai, Thar«tf*ir, rn«ar,
Feb, Zi.
Fib. •.<.
March!.
Mwcli 3. March i.
insv Feb. 10
ICOX Feb. 16
At.* Pae.,pref
At. * Pao. Tel. 2:X 21
Central of N.J. Ills V-tX
C.Mll.&Bl. P. t:s 4 X
uo
prel.. 79K to
Chic. & ilorth. 42» 43X
do
pref.
Hl'ii
20 Ji
io;x
!i'7x
42 H
C. lU.I.A P.. llOH 1:014
Uol.cnlc.ftl.C.
SX 5X
Del., L.Jk West 119X 119V
Brie
iiy
dan. ft 8t. JOS.
do. do.
pf. «N SOX
WX
*>A
UuX
UX
•!
lil'X
5
116
)I7K
llS'i
«V
41X 4iX
7'X 79X
42
4il
•1
eax
1»X
42„ «2X
•.9H
ItOH llOX
•IX
no
4X
u;\
5
118
to" ii"
loe\ 107
43
43X
<3>i
43'<
WH
»'X
lOlX
107
7»H SO
42
ilX
(4
m
Bonds— In
,
227
0«lardaT,
Feb, 2«.
Ulgbest.
I
H
iiox
Ill's
"OS
4X
4X
•«X
1«H
4<X *iH
IVt UV
*\
.
113
J
a)
IV7X lOlM
M*
i:v),
i
to
101 X it<:x
12
42X
42X
44
1:1
.
4*
1I7X II7)( 'lisxiit
IIX ISX
18
18
IBX
18X
t:x I8X
17h I-S
State bonds Tcnnessees are
!•
II
1»V 1«X
I'X l»X
at a low rate of inM 38
29H SI
2«X JtX 2»
2)'X
aarlem
• .,, 14.3
141
141
111
•.,. lis
141
•.... 141
'U'X liiii
As tliese bonds, however, are anion;; the securities freely Illinois Central It'l lUI
terest.
lOi
wi
101 \ 103
101% IViX iiax inx
101
Lake Shore.,.. 62H
59K «IX COh 60X •OH «'X •J
dealt io at the Stock Exchange and subject to speculative
WH
i*^ W>K «3
Mtdil^au font. 60% •IX
ftx
io
«IX
60X »'X 5»S
an <0X v.\
99X
manipulation, it is not i)08siblo to determine how far such talk is H.X.Cen.AM.K. :15H 117
iKx :n
115
116
Mi'* ll&X I15X 115H II9K
ll(«
5X
li»>i
-^
2IX 2IX VS 3IH 30X 21
«x 21X 22
aix
for etiect, or how far it really foreshadows the probable action of Ohio A Miss... a
I'sclfic Mall....
31
31s 30X 3:x MX 3Ji« 2i\ »,'( 25X 2»X »x
»x r.JJ
the State authorities. Virginia bonds are hardly as firm, and the
Pacific uf .Mo..
ii\ r2x
nx H
wx nx
Panama
'isix
•131X Its
•I8;x .... 32X131
i«" us"
question of increasing taxation is now before the State Legisla
quIcksllTer.... •191.- 19X
I'JX mx •ejH 20
11
i«
I8X I'H
1»X I8X
Louisiana consols, after selling down from
to 2 per
ture.
do
pref, 2.x 24 S ,24X 24X
•
21;^ 21
"...
JIX
•24X
St.
L„I.H.&8.
K
•21
3»4
21
a
2JX
a
2SX 25H
«x
cent, are again stronger at or near their former iijiures.
St. L..K.C.&.S. 32H 33
ai'
Six
3J
3:H Siu
31X JIX 31
'4"
Uailroad bonds have been fairly active, and prices are generally T„ (Vat), & W.. •5
4'<
9X
4
Jii
^X
3>i
Union Paclnc. MV «1V
«VX 67X 6«X 6'
Tlie Union Pacific sinking funds sold yesterday,
well kept up.
West. Un. Tel. 71
7.)
l»
M>i 12 H
lOJK
«Bx m<
ex-interest, at 01 and again, at 90, but the latter had not the
Adams Kxp ... 109 ,09
'WH lOJIX •im IIU ira 101 •107X IM
64 i<
Ex.. •1
ijX i3X Six 62H' •iX »2X 62X «2X •«4
•!«
appearance of a bona fide transaction, and to day the sales were American
Oalted Slates.
74 X 7IX
74
71
71
H'k ?»< 2i'< •rJX 74
A decree of foreclosure in Illinois has been obtained Welle, Fargo,, •SIX bS •SIX es
at itl itii'J'i.
SIX 87X '8!
s:\
S7« 87 k •SIX S8
the
consolidated
mortgage bondholders of the Toledo
In the suit of
•TiiUlB the orlcn bid and askel no sals «h made at the Board.
Wabash & Western Railroad, and in Ohio a similar decree had
The entire range from Jan. 1, 1870. to this date, is as follows:
understand that a decision in Indiana
already been made.
Jan. 1, 1878, to date,
AVbole year 1875,There are now few first mortgage
has not yet been rendered.
Lowest.
Highest
liOwest.
IIlKhesU
Atlantic .fc Pacific prof. 4
Jan. 8
7
Jan 31 8M Dec
bonds on the Stock Exchange list selling below 95.
18
Apr. 80
Atlantic <fe Pacific Tel.. 18S^ Jan. 7 2J
Feb. 24 17X Oct.
2»)rJtn. 15
The following securities, seldom sold at the Stock Exchange, Central
of New Jersey. 103 Jan. 11 109'^ Feb. 9 »«>* Oct. 8 120 A|)r. «T
wore sold at auction by A. 11. MuUer & Son
Chic, Mil, & St. Paal, S,5J< Jan. 6 ViV, Feb. 18 28Ji Jane 12 40% Apr. »
do
pref
06^ Jan. a VSY, Feb. 18 51 Mch. 1 tnx Dec. as
SiiAaEs.
SHiBES.
Chic, & Northwest,... 38>4 Jan. 7 45K Feb. 16 33% Oct.
9 48% Jan.
4
26 Hank of North America
fl'X lOli Artrialic Fire Insurance Ins.. 75
pref
do
BOX Jan. 5 6Ti Feb, 15 4« Oct, d 62% Jan. a
SO IlunovcrBank
20 Mechanics' Natioual Bank. .,144
81@80
Cliic, Rock I. & Pac,
104X .Jan. n;iii,'ii Fe'), 16 100)i May 28 109% Aug, 19
40 Mechanics' IJaiiliin_g AsBO'n.
75
4W PeopleV Bank
Col.,Chic. * I.C
8)iJan. 7i «X Jan. 28
June \i 9% Jan. M
3
SOMarliet Nntional Dunk
to Peter Cooper Fire Ins
11.5)^
Sfl'li
HON'ofsan Bank
104
31 Fulton Bink
Wifi Del,, Lack. Jb Westorn.llS Feb. I 120KJan. 3 106)^ Jan. 2 12» Apr. 91
Erie
7i 18% Fob. 18
15;tf J,in,
81 Seventh Ward Nat Bank..., 82
100 Tradesmen's Nat. Bank
12X Jnne2li 35% Mch, IS)
114
llauQlbal^bSt.Jo
18
Feb. S3 22>iJxn. 31 15'i Oct. 8 aOX Mcb. 29
IW I'hcnix Nalional Bank
«0 Bank of Metropolis
95%
95
do
pref. 20
Jan. Hi S3X Jan, 31 201tf Oct. 13, ai% Mch, 27
"O.ManufacinrerB' B'k, B'klyn..l01x
4T Pacific Fire Ins
851
Harlem
3!l45
Feb. 14 127« Jan. IS '38 Apr. 27
130)i Jan.
75 National Fire Insurance
135
40 Pacilic Fire Ins
250V Illinois
Central
Apr. 27
!)7X Jan. 21 lOlH Mch. S 88xOct. 2ii'106
TSB'kofN. Y. Nat. B. A,..m@l.')0
£0 Phenl-t Insurance
....130>^
LikeShore
59fJ Feb. 29; 6SX -Tan. 17 61% Sept. 15| 80% Jan. J
21 Manhattan Company
149
10 Williamsburgh Cily Fire Ins.lSo
Male and Railroad
weak, and there
is
more talk about funding
m
''.'.'.
H
.
.
'
'
:
We
.
—
—
I
:
,
.
.
.
Bank of B'klyn..l71
Nonh River Bank
60
55l'nion Bank.
146;.^
!•« Mcclianics'
25
2S
50
06
8U
Warren liailroad, N. .1
South Branch HR. of N.
Bo.NDS.
$1,000 Long Island IIR., Ist m...l0J>f
8,000 Keadlng
Col. 7s, Ist m.. 96
lOi;^
85
J.
Metropolitan Fire Ins. ...60® GS
Niagara Fire Ins
IIB
.
. .
&
6.000
5,010
East Pcnn.
.
& Imp
Am. Dock
&
mort. 104 ,H'
Co. 7s.. 101
7s, Isi
Harlem 78,
.5,000
N. y,
a,C00
Rahway City,
9.
.
fund.llO
N.J., 7s, imp, 98!i
Daily closing prices of leading State and Railroad Bonds,
the range since Jan, i, have been as follows:
and
Michigan Central
..
Jan.
57
63i/.rHn.
7
1'
63
15 100
N. Y, Cun, &nud, K...1043!( Jan. S.llU, Fej.
Ohio&Misslaslppl,,.. 16;^' Jan. 7 24;< Feb.
PaciflcMail
25^ Mch. 2 8*J< Jan.
Pacilic of Missouri
Panama
QuicksilTcr
do
pref
11
127
17
4.3X
South.. 15
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
7
1
17
7%
lo>iJan.
Jan.
1
May
Oct.
8-;% .Ian.
28 107%- May
27,
lOj
55
23
May
13
July
20
Oct.
13
19^4 l>ec.
aoif Feb.
24,V Feb,
It;
5
8
32% Jan.
45% Apr.
231
110% Jan. 21I172
4 {136
12
Sept.
14% Sept.
30% Feb.
35
44
1
3
Apr. 30
Apr. 26
Jan.
6
10
Jan.
Feb. 20
£0
Jan.
Feb. 26
21
Apr.
Jan. 22
2% Dec. 21 21% Jan
Jan. 17 36 Jan. 18 82% Not.
Jan. 31 70% Feb. 17 84% Ang.
Feb. 15 98 Jan. 2 101% Mcb.
Feb, II 50 June 25 65
Jan
United States EzproBB. 5S Jan. 261 7614 Fob. 14 41% Aug. 11 65 Jan.
Wells, Farfc'o A Co
80K Jan. 1 91 Feb, 14 71 Aug, 28 92% Apr,
nallroad Earnins*- The latest earnings obtainable, and the
totals from January 1 to latest dates, are a.s follows:
Latesiearnings roported.Jan.l to latest date.
71
M. &
4 241/j
K.C. A North...
T 31
I'oi.. ffabash <fc West.
.Tan.
6
3
OK
Feb.
Union Pacilic
26,
6»V
74X
Western Union Tel.... 68?i .Mch. 2i 8fl>^
.\dam8 Express
101 »4 .Jan.
6 112
Jan. a (.7
American Eipress
57
Nt. L.,
St. L.,
I.
mi
1
Feb.
Tcnn,
43
old
69,
new
'iuuu. Oh,
,...
17X
N,Car,ei,old,...
Vlrg, «B, consolld
do
tid
series,
W46X
Mo.6s,1ong bonds
101
Dlst.otCol.Sffie.
C. of N.J.lstcons
i;,l'»c,.l8t6(,gld
C.n.& (J, cons. 78
IIIX
MOii
(;.*N.W.cii,gold
9iM
10,'yi
War. Mar. Mar. .—Ranfire Flnce Jan. 1,*I6,^
1.
3
Lovest.
BlKbest,
•4IX
•45X •4"i
{•X 'tin 42i Jan. 6| ii .Ian. 31
44
i' 4'iV Jan
•JOX
3;
IO>i Ian.
•43X
nx •ITi •r.% •nx •i;x 15 ,1an. 41 n>< .Ian, 19
•75
•75
"74
•15
•7>H 76X Jan. 'JSl 'ty, Jan. 29
41
"4JJ<
Ftb.
40« Feb. 2'i
103
Jan. Sll03X Jan, V7
l63J< 103 si loV mli :00
13
TiH 72X
66X^'an. 21 71^ J'cb. 16
Feb,
23.
i
'lUX
MOSX
US
9.'«
103 ,S
C. 8,I.&IM8t78 'iff)
itrlutsl 78,cxfd, '10i)i
'It'S.ii
L.S&M.S.idc.cp MlOl*
•100
M. Cent. cons. 78. ':0:iX '103X
M.&St.P.c.s.f.-3
V)%
90
'116
M. & Essex iet in. '116
N.Y.C.&H. Istcp 'ISX '122H
& M.cone.
•iSn
ruts.n.w.ic.i.t Mis
bt.L. & l.M.Istm 'iSa
Un.Pac, I6t6s,gd H'5X
do
6,F
S6H
II.
*Thia
'lllX
u<s;i
•m\
'100
m%
no
IWK
119
109
HiH
1(9S
'lOiX "'"ii
103X
S9,'4
'117
nn
m%
I03H
'mx
89
117
•116
'm^ "IWX
S9
'di^
'116
•lt6'4
WOX
105^
'lie
105 ^
96)i
X91X
talt
ir.i
UK)
100
96
:
.11«
lOSX
109
s.f.
the price bid
le
[
lU",
lOi!<
•103X
lOSX Jin, l:''il2X Veh, 3
Jin. U 109 Feb, IS
101
107i,
"MH
•100
103%
n»H
mx
•Mii
.'8X
•U6S •U«X
100
•lUl
lOiX
91
wta made
105V
109
93
J
3
Fob,
Feb.
21
13
Jan. 7
Jan. 28:109XMcli. 2
I'JS
8|lia
loi" Jail'iidi'" i'eb,"i
69
an
I
Jin,
9iH 8".'^ J;m,
109
107X Ji n.
•9X
Ja:i.
Si
90
Feb, 2S
Jan. 4llW 1-ch, 10
Jan, ISilvSX Meli. 3
92« Jan. 8 99>4 Feb. 1
Feb. 8
114>i Jan. 11U16
Jan. IjlOOX Feb 23
93
lOlX Jan. 4 106
Meh. 3
;ll
120
M
Vi
Mcb.
i\
97X Feb.
-iX
at the Board.
Railroad and miscellaneons Stocks.
—The
stock market
has been quite irregular and fluctuations unusually wide.
The
" bear " attack commenced some two weeks since on Pacific Mail,
and flubsciiuently pushed also against Western Union Telegraph
and Lake Shore, has culminated this week in the lowest prices
reached Pacilic Mail touching 25^ on Thursday, Western Union
()9, and Lake Sliore 595 on Tuesday.
Other stocks, including the
Western specialties, were not similarly depressed, but necessarily
—
sympathized to some extent, and were prevented from advancing
as they m:ght have been expected to do on the final repeal of the
Potter law, which was this week signed by the Governor of
Wisconsin. The principal causes influencing particular stocks
were the opposition line put on against Pacific Mail, and the
redaction of rates forcod on the Western Union Telegraph which
may possibly compel it to pass or reduce their 2 per cent. April
dividend.
At a meeting of directors this week, the qtiestion of a
dividend was passed over till next week, when President Orton
said that the statement of earnings, etc., would be ready.
Today there was a marked change in the tone of the market and a
decided recovery in prices on some leading stocks.
Lake Shore
was most conspicuous, selling up to 64|.
Total transactions of the week in leading stocks were as follows :
Ohiod!
St. Paul
Pacific
Lake West'n Chic. &
Feb.
"
„"
MA.
"
'
Mail.
M
K
80
1
«
»
Total
Wholestock.
The
8,600
17.800
21,600
65.600
S4,700
5S.700
75,4(0
70,300
201,0%
339,900
494,665
.200.000
5,5,700
3J,600
3i,200
73,700
5S,-J0J
65,1100
t8,?00
97,500
(.4,8>X)
7.1,300
5,S0O
10.600
4,000
6,200
3,400
7,700
Miss.
14,tiiX)
4,2'JO
14.900
8,900
10,400
s.roo
13,200
2,000
3,900
9,00'J
21,200
7,901
418,500 3S,«00 76,500 38,'200
337,871 149,'J30 780,C00 300.000
Panl. prcf.
2,600
8,700
s.ioo
2,100
St..
6,800
8,400
1,.300
3,eoo
2,600
1,300
10,500
2,10,1
44,800
13,700
153,992:82,741
total number of shares of stock outstanding is given
line, for the purpose of comparison.
daily highest and lowest prices hjve been as follows:
the last
The
.
Shore. Union. N'west. Erie.
in
—
.
Koads.
Atlautlc<fcPi:clflc.,.3d weckof Jan.,
Canada Southern,... 3 weeks of Feb.
Month of Jan..
Central Pacific
Chic. Mil.
St. P.. Month of Feb..
&
&
Chic.ad wcekof Feb.
Iicnvcr& Rio G,... 3<1 weckof Feb.
Hous. & Tcsas C. Month of Jan..
Month of Feb..
Illinois Central
ludianap. Bl. & W., 3d week of Feb,
lit, & Groat Nonh,, 3 weeks of Feb.
KansasPaclflc
3rt week of Feb.
Month of Jan., .,
Marietta &Cln
Michigan Central,,,. 3d weckof Feb,
Mo, Kansas ATeic.., Sd week of Feb.
Month of Jan...
Mobilo&Ohio
Mississipiii*. Month of Feb
Ohio
Pacific ofMissouii.. 3d weekof Jan..
Rome, Water, <S Og. Month of Jan.,
8t.L.AI.4T, H.bchs. Sdweekof Feb.
St, L,l.Mt,& South, 3d wcekof Feb,
St, L K.C, .t N,.., Month of Feb,.
St, L, & Sontlieast,., 2d weekof Feb.
8c Paul &S.Ciiy,&c. Month of Jan.
Tol, Peoria&Waisaw Month of Jan..,
Oln.Lafay.
.
.fc
•
1876.
8(1,912
1875.
$21,413
110..S63
34,611
963,938
961,000
518.000
9,238
8,001
304,68)
608,126
43,819
87,097
53,585
1876.
S23,-i73
22.'.257
804,683
1.196,578
243,094
481,680
24.449
84,901
Ii23,4&)
38,861
152,805
132,493
64,853
46,086
196,729
218,180
293,039
71,780
80,728
11,790
94,600
281,489
18.561
69,187
99,20J
222457
1,078,<K»
195,618
207,539
152,805
167,256
903,723
435,620
l-.0,369
2J9,-J31
9SS,93S
769,374
56,600
1,045,000
60,772
8,003
5,965
l(i7,2ol)
1975.
68,081
112,099
t71,TJ9
2)4,104
961,000
8I,'5,280
317,210
196,729
499,578
153,297
67,501
103.151
495,902
401,943
124,441
88,860
71.437
229,'i34
OOSSSI
194,812
80,728
09,996
6(8,200
530,8J4
119,229
.53,598
67,.'J04
18.234
82,865
196,155
16,855
33,880
71,437
611,187
99,208
This year's figures include the earnings of the Springfield Division.
ll'Ue
Gold Market. —Gold has been
strong on
a
moderate
As the prosbusiness, and sold to-day at 114J, closing at 11-lJ.
pect of scarcer gold from specie shipments increases, there is
probably a larger speculative interest in the market, and a part
of tlie fluctuations from day to day may be attributed to this. On
Tliursday, the shipment was §600,000 gold coin, and for toOn gold loans
morrow's steamers only f;2.50,0OO are reported.
Custhe rates today were 4, '3}, 4^ and 3 per cent for carrying.
tom receipts of the week were |3, 421,000,
The following table will show the course of gold and operations of the Gold Exchange Bank each day of the past week:
Quotations
Open, Low. Uigh.
113% 114
" -28 ...111
113% 114>.
Monday,
"
114
114%
Tuesday,
29. ...Ill
Wcdnesday,Mch. 1 ...114% 114% 1H%
!....114% 114% 111%
Thursday, "
"
3 ...114% 111% 115
Friday,
,
Saturday, Fob. 28. ...114
,
Clos.
113%
Total
.
—
Balances
114',-
19,456,000
20,210,000
1,236,718
814,917
INH
S">,73i,000
1.178,4.30
114>;
35,0)4.000
46,543,000
1.191,867
981,870
114
114%
-,
Gold.
Currenc
ncT.
Clearings.
$41,977,0C0 $2,199,544 $'2,7C0,014
1,409,138
1,018.218
1.3J«,S80
l,4tS,8«8
1,113,381
^_^
•;»•:•••
1137^115
114% $189,962,000 $
900,826 1,036,781
161,431,000
113% 113% 114% 114
113
112% 115
114%
Jan.ltodate
ForelcD Exctaango Exchange has been tolerably strong
On
until to-day, when there was a decided weakening in rates.
Thursday, the leading drawers advanced their rates ^ point on
sterling, to 4,86J and 4,90i on long and short bills respectively,
but to-day the advance was lost, and prices returned to previous
Current week
Previous week.
114
—
r
:
:
.
:
.
THE CHRONICLE.
228
I:
On actual business there
figures.
in the afternoon bills could
better than in the morning.
and
Quotations are as follows
was even a
—
Capital
Banks
:
-Mch.
3.
4.855i®4.S6
4,85"4®l 86
8terliiie
Good bankers' and prime commercial
Qood ooinraercial
Atlantic
Atlai
,
3 days.
eo days.
,
4.8'i)i@4.84H
'
4.81}4®4 90
4.885,(%4.89Ji
4.87 @4.88
Blacistono
Boston
liOTlstou
»1.5;4.rj0
2.175.700
1.174.5(0
200,000
Broadway
Documentary commercial
4.8S
4.86>i@4.81V4
Central
5.17X@.^ HJf
S.MJi@5.I17i
Columbian
5 11",'@5.11%
5.14Ji@>5 11J4
Continental
1,0(K1,0<10
B.ni«<a5-14«
Eliot
40H® 40X
«5K@ 'J5X
40>4@ 49%
95J<@ 96X
Mayerlck
Merchandise
1,000,000
400,000
1,000,000
300.000
1,000.000
750,000
1,000,000
500,000
800,OOC
800.000
400.000
5(».0OO
Menihantk'
S.OOO.OOti
Antwerp
(francs)
B.ni4®5.H;{
,
Swiss (franca)
Amsterdam (guilders)
Hamburg (reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
The
K%&
9''%® 9.iJi
95)i@ 93Jf
93>i® »5>f
Frankfort (r.-ichmarks)
wee&
traasactioDtf 4or tUe
Kreeman-8
Globe
9RH'
96X
9.5J4@
!)5J<@
Houae nnd
at tttoOuHto
UamlltoT!
Howard
!«)>»
Manufacturers
!SaD
Market
Treasurv have been as foUowaCastom
House
Feb. 26
8*14,000
28
29
575.000
"
"
1
5!).i,000
"
8
8
321,000
285,000
"
»53a,535 90
715,917 75
418,0)0 79
29i,0fX)
M'cll
ToUl
MassachuseitB
-Sab-Treasury.Receipts
-Payments.Cnrronrv
Gold.
Gold.
Cnrr'ncv.
.
Receipts.
2,001, :i7S
H
M
361,700 00
1,1.36,|J73
t650,180 96
699,396 45
4' 9,7^19 «e
1,014,871 26
7,070,837 73
4,216,929 49
E90,0')3
Uount Vernon
^ew
Shoe & Leather
State
Suffolk
Traders'
Tremont
—
California Mining Stocks. The following prices,
Francisco, arc furnished by Messrs. Laidlaw & Co., bankers, !2_Pine street
Feb. SH. Mch. 3.
Feb. 84. Mch. 3.
27
40
Justice
86
Alpha
85
37
16
Belcher
38
Kenlnck
16
64
US
Mexican
Best & Belcher
30
24
Caledonia
m
55
Ophir
90
Overman
68
90
Raymond Ely.
21
447
Savage
17
35
Sierra Nevada
23
16
Silver Hill
11
21
Union Consol
11
45
Yellow Jacket. ..
10^
14
Forster, Lndlow
Co., bankers, 7 Wall
53
90
California
ChoUar Potosi
&
9ii
Consol. Virginia
443
25
Crown Point
Eureka Consol
Gould ACnrry
16
21
Hale & Norcross
Imperial
58
8
TEXAS SBcnaiTiES.— Prices by
&
Askd
Bid.
Texas 78, gold
do 78, cold, 30 years..
do Ids, 18.S4
do 10s, 1S76
do 10s, pension
do 6s of 1892
Honston City
106
IM
105X
Dallas C'ity 10s
San Antonio City 10s
100
105
Austin City 103
SO
Galv. H.
—
New
*T.
Hons.
110
87>tf
C. 7s, gold,
let.
Kxehange
aide & Leather.
Severe
Security
Union..
WeOster
Loans and
Capital.
ManhatUnCo
Merchants'
Mechanics'
Union
America
Phoanlx
City
Tradesmen's
Fulton
Chemical
Merchants' Exch ....
$8,000,000
2,050.000
3,000,000
^,000,000
1,500.000
3,000,000
1,800,000
1,000,000
1,000,000
600,000
300,000
1,000,000
Gallatin, National.,
Butchers'&Drovers'
Mechanlcs&Traders
Greenwich
LeatlierManuf
Seventh 5Vard
Stateof N.York..
American blzch'f^e.
Commerce
Broadway
Mercantile
Pacific
Bepnbllc
Chatham
People's
Korlh America
Hanover
Irving
Metropolitan
Nassau
Market
8t. Nicholas
Bboeand Leather.,
CornExehange
Continental
Oriental
Marine
Importers'^ Trad'ra
Park
Mech. Bank'g Asso
Srecers'
North Elver
Bast River
Manufact're'& Mer.
Fourth National
Central National...
Second National
Ninth National.
...
First National
Third National
N.Y.Natlonal Kxch.
Tenth National
Bowery National...
New York Co. Nat.
German American.
Dry Goods
3.JO0 ll.429.S00
37;,IW1
71:'.3C0
2,35O,SO0
256,500
-67.800
.51I2.71»I
492 .(Hlu
1,46 ..2.<;
2.143.100
6 P,70O
62,i.lU0
1.VI..00O
2,15j,000
2SI.6
19S.;00
;
io.'jit)
8.714,20'J
3,n3,9W
5,;66.5O0
3,22.1.600
800,000
600,000
200,000
600,000
300,000
2.1'
i.65i,«ai
494 .600
7377,800
.3^3,000
S.-<4.(W
S.00;,700
1,3 3,000
10,sO0
269,200
1,116,3(10
9(1.300
;'.i!l.300
5i6, 00
rt 1,400
2i0.8U0
192.600
£35.200
761,300
2.652,300
871,600
2.0.8,100
iiai.sco
270.100
52,'
(10
^'t^-tKI
(.10
TSJ.eo-.i
3,o;js,7io
S,9I8,S00
S3),l«IO
n,ao..(oc
7IS.OO0
iS.SSi.lLK)
I.IM.IOO
4.621,-00
3,571,7(0
1,8S3,:00
s.;;5.iai
7J,.00
199,'CO
11,700
513,100
193,500
t9I,9O0
625.300
3,l.il,600
2 5;0,IK)(I
2,OM,300
305,300
7,160.300
3.1 OS.iOO
3,473.700
1,841,700
;, 825,900
7:«,.-oo
3,2118,300
412.5(Hi
1.000,0110
1,:U5,5(K1
lUO
3J.',2l10
2,.'iS5.(10C
31X0
104,000
1.000.000
3.576,300
5PO,00(I
I,O00.fOt'
2.1'.8.0(.:(i
97,200
2'3,(00
7 9.2l«
302,000
1,207,100
2,117,000
3,137,100
2,110.000
12.633.000
1,69 .,100
l,D68,ni«.
.4,59.000
5,9<>(,i00
55,200
123.(\0
asa.aoo
42J,3H)
2.3ol,2.0
723WC
2,0.'i2,8l)0
6t, (0
211,000
1,020,61
76,;ini
7.i2,500
139.600
48;),i;oo
216,30(1
593.(100
5.100
15S.40O
480,000
4,538,200
3,311.(00
1.417.400
3.341.000
1,150.300
IC.-'vOO
1,OW,OCC
2.2:)5.^U1
1,000.010
1, 000.00
1,000.100
1,100,000
2.67O.»U0
2.«3.:i00
4,3iO,4oo
l,500,()i:c
4.115.100
2.631. BO 1
'..Jl^.^Hl
300,000
400,000
1,311,100
17,;01,900
14,019.700
990.1U0
1,500,000
2,000,000
500,000
300,000
85.0(10
E02..00
l,9.y!,300
5 ',700
29,H00
14,200
624.3(10
154,100
:,iioo,ooo
350,000
300.000
8i,'',f00
ll.',800
8.SO0
555.900
:«,7J9,2O0
7,693.000
1,616.000
5,S93,10«
1,213.500
7,(09.800
1,137,200
1.135.200
1,237.0(0
1.012,000
2.817,500
1,993,700
5,000,00(1
2,000,000
300,000
i,500,ro(
500,(03
1,000,000
500,000
1,000,000
250,000
200,000
1,000,000
1,00(1.000
6.'7,100
1
1.754,5(1(1
u
1.1»,")3,800
19,169,600
15,417.800
750.(00
2,l»il,700
156,100
163,3ai
191,200
14i,400
170.300
2,S99,S00
2,034,000
442,700
4JS,900
145.000
195,700
2,700
242,500
80.100
249.100
405,000
2,936,000
896,000
225,000
8(8.800
620,700
636,200
—
Specie.
LegalTenders
W63.600
Dec.
1,83<,700
Inc.
45,3i!0
The following are thetotals
1
450,Cil"lC
Bankof
280^66
6 I
973
161.
45.
.
2.27O.80fl
S'l..
591 .Duo
2-.J
40,OlK)
41. '00
fi-12,400
2.515.610
2,733.400
4
41, .1(0
-; 100
96,700
l.llS.flOO
M)
r6,147,600
•
411,
751,40)
li.JOO
following
Banks
2.466.900
70'...
91:'.'
1.0 i.'-'oo
1.910,5(10
816.5(10
t54,860,500 |21.354,KO
Specie.
L.
»137,000
lUllCOOO
1,542.000
2;.KI0
333.9(0
21.000
l,6-29,(«0
1..1
13,838.000
8.919.000
4,738,100
1,713.000
,.
1.791.700
695.000
316,000
2,807,000
1.8ES.613
1.021.705
l,3n.:0()
2,011.116
6.600
3,a63
5.8.000
52«,513
2.304.0(Ki
1.341,5 6
2(4
176.00.0
275.3-20
639.11-2
211
I'ooO
72,603
2.651,0(K)
80H.-Jbl
3,787.00(1
2.831
16 1)00
213.602
1.215.0(0
27,000
39-.'.0(10
3.170.00(1
'.168,0(10
10,500
179.970
313,627
I.Olll.l'JS
The following
;6.',800
4.01W
149,900
478,^00
60,(00
305,2iJ0
Date.
Feb. 7
Feh. 14
Feb. 21
Feb.28
725.340
13,-.,0CO
300,0*1(1
1,32-1 nt:tl
4.653.000
611.000
152.000
1.291,000
313,000
121.000
172.000
271,000
902.000
2.196,0/)0
45.1,1X10
679,000
91.1100
43,000
978.000
313.000
121.000
llO.l.'l
232,uU(l
»t5.6j2,146
t43,l''33.577
I10.5J2.657
1,997
.162.000
066,000
1,016,|X)0
1738.46-J
Inc.
H7.ti6
Inc.
36.530
129,5711
i.iiiiiooo
4.2.12,0(0
3'25.0lO
117.000
517.1)00
326.000
4.!I«,(H10
i
I
Deposits
Circulation
as foijnw:
Inc.
Specie. Legari'endPr.
893,123
199,980
701,8.2
733,432
58,234,509
55,218,737
53.53-^,412
58.519,8 8
<.i29;8«i
De.
are tbe totals for a series of weekti past
Loans.
f-,1
913.700
2.139.619
!.n:4.(K0
661.292
572,414
7110.000
l.OOr,
1.318.1.1.0
42l.('0O
1.479.000
1.168.735
1,540.796
.Inc.
.
f7
25.PfiO
$l«.3!5,0O0 t53.549 308
Leea (Tender Notes
cob-
1.606.11(0
5.-279,1(10
2,381000
000,t()0
250,0111
180,000
1
tne average
is
for the week precedTotal net
Tender. DeposUB.Cii en
Loans.
21,000
Specie
2.19=
:
Den.t.*it8. Clrnilatl'-r
16.n-;3,«S9
48,9,-0,572
10.5'4.Srt
16,020,026
43,13).49l
47,501,313
4=,033,577
in^W.SH
15,5111,575
15,652,116
10,1'21.«;
10.522.©7
219.7(10
2,300
27i.0[l0
1,1111.000
219.0(10
S(«.('l
1.113.000
2,878,500
1.163.100
1S0.009
3S4.3i:0
100
Deposits
Circulation
!,?5,l
&SGURITIXS.
tJh!.
Vermont &
Ma'tsachnsettp *s, Qolfl
do
do
Uhl*;ni<o
du
as
58,
Gold
mn
5«,*f0M
liiii!
Sewerage
78
Manicipal 78
68
do
land luc.
I^b..
tlU.B<K'
lei.lOO
Ho-ston
&
Maine
:
3J.32<.600
'.'10.^2.1.200
;.x59-..8i)n
44..7K2.5'(0
2IS,05S.Vli.
1
'26l).806.911ii
21.771.200
48.m7.000
117.3'(.'2llO
17.s92.iliili
4s,,5i;.e68
14:,i5P,'80
un.i'ti ms
•iil:AU.im
2;.ISi,7()0
Feb
4ti,(O.1.000
266.067,400
266.556.700
268,011,430
263,430,0(0
23.570.800
47.356,200
1<!.895,600
43.967,800
40,013,100
J20.lr2i!ai
221.509,100
215,558.500
221.762 .201
.221 33: 400
17.757.3' HI
n.llll.SO'J
415059.701
Circu-
Denostts.
AKgregate
lation.
«.51f..li.«)
17J95,50il
17.183.100
n.caj.ooo
4111,(99.42
1
416.155.597
414J10.7"
30S,83],7IS
115
73
68
40
67 »
311V
97 V
do Nub.
do
Eastern Mass.. 78
Concord
:
51
.
.
du
iu Mort., 7.1891
Vormont & Can., new, 8«
a
do
do
101
ft
rortsniouth...
preferred
Vermont
& Canada
Vem.ont& Massachusetts
Worcester
»1>»
Dret.
Jutland cominyn
....1
•20
121 Ik
'lOIdColony
i'ort-.haco
45
pf.
Morthera ot N'ew Hampshire., 77M
ITorwlchA Worcester
20
OirdenB. i L. Champlaln
do
7p
109
in
ul^
83
9(1
I, "77.
SiV
lii
.0.*
llOJi
new 7r
orm'tCenMlBt M..con8..7,*86
IMtlHiid,
14S
39),
811
Gonnecti(-ut Klyer
uonnectliiit 4 Fassumpslc,
lOO
^3
138 K
foi 51
)fV HO
Eastern
lud. (J1D.& Laf. 7b, :869
do
pqiilpinent 10s.
Old Coi. * rJawport Bda.
& Albany Stock
A Lowell stock
& Maine
Burlinciton & Mo. In Nebraska
Cheshire pr.'.terred
Chicago, ilur. & Quincy
ain.,SHn(lu«ky & Clev. stock.
113«
89, IttSa.
do
funded debt
Ovdenabtirg& Lake <:ti.Ss
«,'83. 100
Mew Hampshire!
mis' vtMHChester A Lawrence
7a
I
weeks past
H
.2«
104
Portland
Atch. & Topt'kalfit in.78 ....
do
landKt. 7e
Bid. Auk-
IstM.
STOCKS.
.Mass.,
Boston
Boston
Boston
108X
49.40il
265,510
449.9 '0
SKCCKITmS.
Ask.
iSOSXUM.
(0
89.900
45,000
week are
Dec.
Dec.
"let
QUOTATIONS IN BOSTON.
•.91,200
Snccle.
20.706,?OQ
1,913,6(10
773,8(10
Tnedeviationsfrom the returnsot previous weekare
2i,.wi.l()n
22.044,MU
471..
541
948.S01I
937.000
Loans
24.149.600
24.5'i4,60U
Republic..
Total...
263.011,000
2S1,65>.100
Feb.
Feb. 19 ..
Feb. 28...
8'29,500
lOj.lio
2.101,800
1,131.900
136,300
120.^00
19; 6oo
271.200
{2.883,700
.
i'S.411
32.1-00
307,000
53,50C
U,600
.
559
94.000
V21.;00
3\S,6oo
517.700
155.<00
800
4,416.001.
Centennial
112,600
423,000
130,300
3,900
19!,2»U
614,100
716,300
4,800
Jan. 8...
Jan. 15...
Jan. 22 ..
Jan. 29...
5...
12,.
8h)i.7o0
51180(1
1.O19.100
1.33H.000
300,000
150,000
250,000
275.0C0
750,000
Elehth
Central
272,9)0
5,506
Le^at
Tenders.
Loans.
83.5^,0
91 .400
ISS.U'O
l3i.=0O
00
1.000,000
Soventn
239,H09
129.500
1,1.'6,800
for a series of
1,51!.
5f.l
.
13,100
29,7(10
5,1410
Third
1,0,17.500
deviations from the returns of the previous
Inc.
697.400
1. 313.000
1.4i8.0OO
Sixth
foIlowB
loans
First
City
1,806,000
|6
Commonwealth....
Corn Exchange
Union
250.000
1,000.000
200,000
300,000
400,000
260,000
500,000
500.000
Qlrard
Tradesmen's
Oonsoddatlon
;•; »3l.( 35.200 t208,iSO,000 120,706.20(1 1 19.013.100 »221,3 17.100 tl7.022.OiXI
Total
100,000
1,000.000
Manufacturers'
7,126,000
1,764,(00
5,T2l.l00
6.188,300
a,(76.;ao
917.200
7il.30O
I.i7.ai0
"
22.100
51.900
311)
590,3110
:,209,9!0
304,6(0
275,700
8,400
6S',
96..
68S.
16 .',500
»4,900,0O0
250,000
250,0(0
300,000
Bankof Commerce
13.752,6(10
51,W)0
144.600
56<.000
998,200
2.S00
uaplial
11,500,000
"' *
1,000,000
2.000,000
810,000
800,000
.Hechanios'
500,000
Bank N. Liberties.
"
North
America
Farmersand Mech.
Commercial
Western
8,01(1,00)0
5.:o,ioo
BanKs.
Philadelphia"-
Penn
3,205.9'JO
4711,
«J.'200
17i.«K)
10,000
95.000
2i.3i0
I.IJC
2S3.00O
—The
Itaolis*
Kenslnston
41i,I00
1.7'.0,
PblladoIpUIa
Southwark
8.3'.'J,400
541.1
1,191 ,'200
1.573.900
802.800
1,127,200
ing Monday, Feb. 38, 1876:
435.000
40S7JO
617,900
28.,9oo
46,(00
....
»13li.'i99.0.l(,
»,'>l.S5C.0t»
361.50X1
1.313.900
919,700
218.6(10
159.9(10
237.200
dition of the Philadelphia National
'ii2^
13.',20O
3,i.2 /,iOO
l.SOO.OOO
52.1,000
44.000
81.100
41,000
47,0(0
5.07t.2«C
S.SIO.POO
4.314.100
200,000
1,000,000
4110,900
1.373.800
1.405,7(0
611.800
5,431 ,!iOO
91.300
12.200
21.800
2.700
14.'.
-..lOl.oOO
1,500,000
2,000,000
1.079.60«
56S,6U0
1
88
13,300
l,741,'.00
3,f02,6i)0
500,000
971,500
561,500
1,1184.300
f.63,100
i
»27.«it
9,500
3 Id .9011
270,000
7.741,400
3,Mi9,9U0
5,961,700
1.7i2,600
1,233,900
•
.
59.9(10
149,9110
251.100
5.490.100
2.3;9,900
5,45.MiOO
s!>04 200
2 S39.S00
2 O.'3.900
1,000,000
Dotal
Clrcola.
tlon.
f9,OS7.S0O
6.137,900
7,'M5,200
4,721,100
6-.i.2(0
6,63<.900
4,
Uegal
Net
Tenders. Deposits.
»a..T
7.538,100
l.Bll.illO
1,51)0,000
2,000,000
5,000,000
10,000,000
1,000,000
1.000,000
422,700
2,000,000
450,000
Specie.
»9.in4,;ot;
SOCOiU
Citizens
The
Discounts-
300,000
2,000.000
1,000,000
1,000,000
1,500,000
...
E,«iO
83,.0C
a,c-s.7oo
4,295.400
1. 1*5 ,500
1,000,000
1.600.000
12J.0O0
3:i6.400
1.02;,900
750,300
921.H1U
513,600
Tbetotal amount"doetoolherUanRf."aBDerslatemcntoI Feb. 28, is i2i,811M
ThedoyiatiouB (roin last week's reiurns are as follows:
D.-crease. 2,')S5.".'0O Deposits
Loani'
Decrease.
E59,7ra
D«rr*'ase.
215,3.10
Siiecle
Circulation
.Decrease.
el»
Ihcrease.
5 7.200
Leahl Tenders
Thetollowintr are cbe totals tor a series of weeks past:
Sni-cie. LeKaiTonders. Denostts. Circulation
Dale.
Loans.
S.45i,9(10
Feb. 11
1,13,555,301
6,211,200
511,598,700
'24,610.00(1
l.S.m 1.2.0
e.lOll.OiH)
5.560.400
Fub. 21
65.600.200
•Jl.116.Oi0
ISO.Saj.OffJ
6.111.600
Feb. 23
2,368,700
51.360,500
2l,861,ltKI
YorK City Banks. The tollowln<< statement sbows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on Feb. 26, 1876:
Banks.
New York
3,2 7.7(10
2.011..iOO
Bagle
STX
80
910.200
9,(9-).30J
9i9,ii00
1,000,000
1,000,000
16
9,900
1.97!,fcO(l
200.000
a)
7.5
& H. 7s, gold 1st m
83,300
300
29,300
41,900
SO.MIO
41,300
tl9,'0C
»00,00l'
Olty
St.:
2.44(1.800
ii.SOO
71.900
71.100
39 000
232.200
lo7,Uio
27.100
InO.loC
72,200
4,U0
914,600
l.in.t.OO
2.4(5,100
750,000
Bankof Hepubllc...
Oommonwealtb
42
95
70
40
90
65
IDs
105,1:00
61.(100
2,000,00(
B'kof Kedemptlon.
Bid Ask'd
110
112
105X
60.000
l.:4t.fllKl
Bankof N.Amerlcii
100
2.10(1
2.i06.5L0
1.814,;00
3.425,300
3.662.900
3.5<1.«00
9'.0.'31lO
OO.HO
69,000
1.7(17.200
;,56Uii()
Fourth
2,8(0
94,^00
60,100
62.S00
75,900
1,000.000
1,000,000
2 ,000.000
(.500,OOC
Bank of Commerce.
11
13
13.000
41,700
63,300
1.9.i".100
Second (Granite)...
Third
66
73
20
....
900,000
First
by telegraph from San
6*9.1)00
396,(00
920. 100
2 781.700
2,109,500
2
970,100
2.669.300
sn.r-oo
2,607.500
3.2 3,9tC
Washington
44,ti85,09'i
l,S33,HO
6i.aO
200,000
Shawmui
798,586 85
77.700
294,700
124,600
5,2(10
1,000,000
1,000,000
Knftland
North
Old Boston
ft'.)
31.700
9.100
e.gou
1.081.100
2.065.9(0
2,2I2.';0('
-mAV
500,000
.Metropolitan
t700,3ii 51 J2,369.'265 55
82i,t.8a 54
3()!t,411 88
435,484 45
391,335 SI
4S3,847 95
41«,0ti0 91
461.5:3 4J 2,H9,m 65
l,37b,()4a 53
336,478 03
5,351,135 10
.3,216,314 91
40.501,797 31 .37,2^98101
63 36,285,398 43
2,421.000
Balance, Peb. 25
Balance, March 3
M»l,00fl
1,000,000
Kverett
KaneulIHall
Specie. L.T. Notes. Deposits.
t425,40iO
»3'.,lkl0
» 12.1 0(1
Loans.
»7SU,(;U0
1,500,000
2,COO,0U0
1,000.000
700,000
Paris (fnmcs)
@t.84
1876.
4,
Hostou lianks. Below we fflve a statement of the boston
National Banks, as returned to the Clearing House on Monday,
Feb. 28, 1876
larger difference,
1 point
he purchaaed nearly
,
Prime bankers'
[March
ft
Nashna
.
58
1
LIS
m
10214
i«"
10
-1^'
—
.
March
—
M
..
.
g
..
... ....
,
g
...
....
.
.
THE CHRONh 1^
4, 18/6.]
229
GENERAL QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
IT.
Bonds ana
8.
active
13
li
15
15
1U6
93X
101
101
Indiana 58
coupon,
do
do
Warloan
uo
Kentucky 68
1877
:87»
14
41
44
44
41
Louisiana 68
do new honds.. ..
do new Hosting debt
do
do
do
do
do
do
do
78, Penitentiary....
6s, levee oonds
...
do
88,
1879.
do
8b,
of IWO.
68
411
44
10
6s, 1878-79
Michigan
68,1883
do
78,1890
do
Ml68onrl
due in
68.
1876
1877
1878
1879
1880
due In 1894-5.
do
d«
do
do
do
do
do
do
(.Sloe* Kxchmiije I'riim.)
A Susq.,lBt bonds. ..
93K Albany
109
2d
do
do
do
100
Sd
do
do
do
Boston, Hartf. A Krle,l8tmort 20X
28
guar
do
do
Bur.,C.RapId8AMlnn.lst7B,g 47
asK
Chesapeake A Ohio 68, 1st m,
ex coup S2X
do
do
Chicago A Alton sinking fund. lOO
do
do Istmort
do
do Income
Jollet A Chicago, tat inort
Louisiana A Mo., Ist m., guar.
St. Louis, Jack. A Chic, lat m.
Chic, llur. A Q. 8 p. c. iBtm..
do
do couBOl. m. 7ii I03X
Chicago, Kk. Island A Pacific
do
S. F. Ino.6a,'9S 98X
Central of K. J,, Ist m., new... 113X
1st conBol. .. 112X
do
do
do con. conv
do
Lehigh A Wilkes H. con. guar. j«*
Am. l>ock A itnprove. bonds. 104
MIL A St. Paul iBt m. 8s, P. 1> 115
2dm 7 3-10 do 97
do
do
7B.rold, B. D. 93
do
do
do
do
:atis£ do...
l8tm.,LaC. D.
do
do
lstm.I.AM.D, 94!k
do
do
latm. I. A D..
do
do
lat m. H. A D
do
do
latm. C.AM, 93 S
do
do
do
lat Consol. ... 8SX
do
9;
do
'2d m.
do
do
Chic A N. WeBtern sink, fund. 10<>
Int. bonds, lUSlv
do
consol. bds 1024
do
exfn bdB 95
do
Istmort.. 103
do
n\
cp.gld.bds
do
reg. do
do
104
95H
Iowa Midland, 1st mort. 8s,
Galena A Chicago Extended.. 106X
loi'
lu;
101J4
1U1\
lti2S
1U3H
Canal Loan, 1S77.
1878.
do
1887.
gold reg
do coup.. 1887.
do loan
do
do
da ..1876.
do
North Carolina 6s, old, J. & J..
A.&O.,
do
J.& Jl«
KR
N.C.
do
''
...A. &0.
do
do
docoupofr.J. & J..
do
do do off.A.&O..
do
Funding act, 1866...
do
1868...
So
do
Kcw bonds, J. A J..
do
A. & O..
do
do
Special tax, Class 1.
do
Class 2.
do
do
Class 3.
do
do
Ohio 68, 1881
do 68.1866
Rhode Island
3d
33
33
36
37
31
i\
42>»
40X
K\\
do new bonds 1866... 37
S67... 37
do
do
do
75),
do consol. bonds...
do
68 Ji
do ex matv d coup,
do
do consol. 2d serleB..
do
do deferred oonds..
do
72X
DtBtrlct of Columbia 3.65s..
(Aciire prertoustv quoted.)
103
loik lOlK
Chicago & Alton
lOi
pref.
do prer
do
119
;19S
Chic, Bur. & Qulney
53
50
ClcTC.. Col., Cfn. & indlanap.
Cleveland & Pittsburg, guar...
75
;s
Dubuque & Slooi City
86
-
In'IHmap. CIn.
J ollet
&
A
lo-iji
Lafayette
Chicago
LuuR Island
Marietta
&
CIn., 1st pref
do
2d pref
KMM
MorrlB&Eqpex
MInsourl, KanBas
New
ft Texas.
Jersey Southern
...
N v.. New Haven & Hartford
Ohio & .MlBBlBBlppl, pref
Pitts., Ft.
W.
do
Kensaelaer
&
&
do
IK
152
&
&
90
119»
Ogdens.
T. Haute..
do
pref
llellevtllc & So. Illinois. pref .
8t. l.ouls. Iron Mount. & South.
A Indianapolis...
A Warsaw
Wah. A Western, pref.
Tcrre Haute
Toleilo, Peoria
Toledo,
Warren
do
American Olstrlct Telegraph..
Canton Co., Baltimore
Cent. li. J. Land linprov.Co..
De awaie A Hudson Canal
99
•
••
Hartford
'95...
'85...
Toledo 7'80s
ronkera Water, due
Bur.
A Mo.
106
lio'
ico"
ICd
RIv.,Liind
m.
.
7s.
2d 8., do 7b...
3dS.,do 88...
4th S., do 88..
5th 8.,
do
Sa
tthS., do8s
Bnr.,C.R.AM, (M.dlv.),g.7s,
con. guar.
.
20
30
20
84
Oon^omtntion t;oai or (vt,!!!
Mariposa L.AM. <:o.,aM*t paid
do
do pref •'
A
4ik
/Mton
do
0)
A
AT.
Belleville
do
do
A s.
260
1
...
South Carolina new canaol.te,
Texaa state 6«, 1877
do
do
do
do
no
103
106
107X
Angnata, Ga., 78, bonds
Charleston stock 6a
Charleston. S. C, 78, F. L. bds
25
33
30
Columbia, S. C.,6b
Columbus, Ga., 7b, bonda
Lynehburg68
^foeon 78, bonds
Memphis old bonds, 68
do
new bonds, 68
do
end., M. A C. RR.
do
do
do
do
I.oav.,
A
Montgomery
do
69
New
«8X
K.i»...
/ vi
aW
«7
6b,
68,
old
new
Orleans 3a
do
conaol. 6a
do
l>ond8,7a
do
gold 7s, quarterly
do
lOa
do
to railroads, <8.
Norfolk 6a
PeteraburgSa
BIchmoniTea
savannah 78, old ...
do
7b, new
Wilmington, N. C.,68,goId....
do
do 8s, gold....
RATLKOADa.
no
104
23
101
69
104
Ala.
t8
A
Chatt. 1st
m. ea., end..
.
A Tcnn. R. Ist mort. 7s...
do
2d mort. 7b
Atlantic A Gulf, consol
Ala.
96'
do
92
do
do
do
do end. Savan'h.
do stock
do
do guar...
Carolina Central 1st m. ea, g...
Central Georgia consol. mriS.
do
atock
CharlotteCol. A A. Ist M. 78...
do
do
stock
Charleston A Savannah 6s, end
Savannah A Char. Ist m.78....
'^3
40
43
22
92
70
25
42X
Cheraw A Darlington 7s
EastTenn.A Georgia 68
East Tenn. A Va. 6s, end. Tenn
E. Tenn. Va. A Ga. Ut m. 78.
do
do
stock
Georgia RR. 7b
do
stock
Greenville A Col. 7s, guar
.
do
do
7s, certif
Macon A Brunswick end. 78...
Macon A Augusta bonds
do
endorsed
(To
do
do
stock
Memphis A Charleston lat '7a.
do
do
2d7a...
60
84
16
88
llW
do
do
Memphis A
Little
itock
.
Rod: Mtm..
Mississippi Central Ist .u. 78.
1(7
.
2dm. 88....
A Tenn. 1st m. 78.
do
5i
Mississippi
do
do consol. 8s.
Montgomery A West P. Ist Sa.
88X
do
do Income
82X Mont. A Eufaula Ist 8s, g. end.
Mobile A Ohio sterling
66
do
do
do ex certlX
do
do 88, interest
do 2d mort. 88
do
93X
do stock
do
76
95
N. Orleans
A
Jacks.
I8t
m
do certlfs 8a...
do
NashvIUeA Chattanooga 6b...
Norfolk
A Petersburg Istm.Ss
do
do
do
do
Northeastern, S.
IS
78
3dm. 8t
C,
1st
m.
8a.
8s...
lata, la..
do
2dm.
Orange A Alexandria,
do
2d8, |8..
do
do
3d8, 8t.
do
do
4lhs, 8e..
do
Rlchm'd A Peterab'g Ist m. 7«.
14
14
100
96
100
50
Rich.. Fre'kab'g
A
Poto.
6a.
, .
2i"
AN. W. 78, guar..
60
23
60
8.1
Law. A Gal. Ist in., 10a. 20
Logans., Craw. AS. W.88,gld. 10
MlchlgaQ Air Line 88
90
MontlceUo A P. J ervli 7a, gold
W
..,
88
35
Leav.,
do
do ^ar. OIv.
do 3d mort.. «"
d« fttBtoU*
,
1st m. gld 7s.
Mlas. 1st 7s, gold.
1st 7s.
pref. stock...
Ateh.
,
Mobile 5s, (coups, on)
do
8s,(coup8. on)
104
104
104
104
Shore RR.
Lake Snp.
8a
(Jo
106
loi'
1st
do
L. Ont.
101
106
Atlanta, Ga., 7a
108
Mentcdatr ist 78. gold
Me, Vansaa A Texas
gold
a«'
.
'»
12
\
60
do
79
do
stock
do
West Alabama 8s, guar
PAar i>nK oouponb.
Tennessee State conpona
Virginia coupona...
conaol. ^tip
do
Memptala
CUT ooapous
17
57
•8
IM
gold
of 1884
pension
oiTtxa.
Nashville
68
103
S«
coup, Oct., *76 80X
funded Int. ds 92X
do
do
6a, 1891-2
78,
108,
10s,
do conv.Ts
do
S2X Rich. A Danv. Ist consoLla...
Southwest BK. Ga , Ist m.
96
S. Carolina RK. lat m. 7s, new.
90
Keokuk A Des Molnea
2d mort. pref..
2d inort. Inoom*
III. K. lat ir. sk
ToL.PeorlaA Warsaw,
Iron....
P«nn»ylviuila Coal
Mountain Coal
St. L.
'.10
l-iOK
LonlBlananew conaol. 76
10«X
88
67'
ttecnrltlca.
sTATka.
106
106
108
108
108
109
2B)4
61
.
A
I
{ffrokerg* Qut/Uittoru.'/
.
16
'Jd mort.
Watert'u
Og.con. 1st 93 1*
Iron Motintaln, Istm.. lOO
75
do
2d n
Il..l8t niorl
92'
A So'eaatern lat 7a, gold.
Southern
109
JOS
:o!
bds., '»8 lOJ
•.
102
1(H
1908
8 p. c.
.
A I. Mt. Ark. Br.) 7l. CSouthern Central of N. Y.7«..
Union A Logansport 7s
166X Union Paclilc, So. branch, la,
Walklll Valley 1st 7s, gold
106),
106X West Wisconsin 7a, gold
Wlaconaln Valley 8t
99
109X
Nebraska,
do
do
do
do
do
St. L.
St. L.
10«
107
106"
KAILKOAlt*.
AtchlBon A P. Peak, 68, gold..
.\tlantlc A Pacific L. O. Ss, gid
A
.
99),
104
Its
fis
Indlananolls 7'306
Long iBlanil City
104
Newark City 7b
9ax
do
Water7B
Oawego
Pongnkeepsle water
Rochester City Water
Atchison
Peoria A Rock 1 7s, gold
Port Huron A L. M.7». gid.end
Pulliuan Palace Car Co. atock.
106
107
106 X
Worka 7b.
EUiabeth City, due
1U7
106X
106
:os
7b, sewerage
*8, water
105
78, river ImproTemcnt 105
104
7b, various . ...,
Cleveland ts
Detroit Water
99
.1.
.
(Broker*^ (^uoUtUon9.>
OITIKO.
do
do
do
do
«
ASouthwratem KK
OawegoA Rome7a,g«ar..,
Ist mort
Peoria, Pekin A
.
Albany, N.T., 6s
Buffalo Water and Park
Chicago 6s, long dates
i^u
Rome,
.\'i'erir,an t;nai
iiprlne
«H
Mid. lat 7t,gold.
3d 7s. conv.
North. Pac. lat m. gold 7 S-IW..
do
'rniala
TJ"
N, V. 7a, gold..
* Uaw.
do
Soothern Minn, conitrne. ta.
"a
do
St. Jo. * C. BI. lat mort. lOi.
do
do
8p. c,
•8X Bandnaky, Mana. A Newark 7i.
St. Lonla, Vandalla A T, H. Itt.
do
do
2d, guar.
do
Long iBland UR., lat mort
Sooth side, L. I., lat m. bonds.
do
aluklngfuDd..
Western Union Tel., IWO.coup
RliKcellaueons lilat.
.
ni>icellane»ni>Kt»cka
Cumberland Coal
Maryland Coa!
90
105
w
1884
.
Saratoga
Alton
do
IX
155
102M
Chic., guar...
do special.
Rome, Watertown
St. Louis,
no-
A
.S'ew .lersey
N. r.
bda, 8a, 4tb aerlea
do
Bookf 'd, R. I. A St. L. lat 7i,gld
Rvu,.<t' • * '»«wego 7a. gold...
SionxClty A facificia
1971
7b, 18M
reg. 78, 1894
ma
Central Paeiflc
ia"
I02X
BO
coup.
t(j8
108X Cairo A Fullon, 1st 7e, gold ..
109X 110
California Pac. KB. 78, gold...
Erie, Ist mort., extended
do
68, 2d in.,
endorsed
do
do
lOix
Canada Southern Ist
do 2d mort., 78, 1879
101 ><
with Int. certlfs.
do
78,1883
do .Sd do
103
102X
Central Pacific 78, gold, conv..
78,1880
do 4lh do
104
106
Central of Iowa let ra. 7s, gold
78,1888
do 5th do
2d m. 78, gold
do
do
d» 78, cons. mort. gold bds.
105
H
iii«k
Keokuk A St. Paul 88... '
Long Dock bonds
95
Carthage A Bur. 88
Bun., N. T. A Erie, Ist m.,1877.
95
Dlxon.Peorla A Han. 8b
do
do
do large bda
Han. A St. Jo. land grants.,
O. O. A Fox K. Valley 8s
Qulncy A Warsaw 8s
do
do 8b, conv. mort,
Illinois Grand Trunk....
Dubuque A Sioux City, iBt
110
Chlc, Dub. & Minn. 8s..
2d dlT. 104
do
do
Peoria A Hannibal It. 8b.
CedarFallBA Minn., iBt mort 87K
35«
35M Chlcaeo & lowaK. Ss...
Indlanap., BI. A W., lat mort.,
UX 12 American Central 88
do
do
2d mort..
,
l'J4
106
Chlc. & S'thwestern 7b, guar,
Mich. So. 7 p. c. 2d mort
Chesapeake A O. 2d ni. gold 7s
Mich. S. A N. Ind., 8. F., 7 p. C 109
Col. A Hock. V. 1st 7s, 30 years
Cleve. A T*l. sinking fund... lOI
105«
do
do 1st 78, 10 years
da
do new bonds
do 2d 78, 20 years
do
Clevc.P'vllle A Ash., old bds. 104
Chicago, Clinton A Dub. 8a.
do
do new bds l04V
Detroit, Monroe A Tol. bonds
Chlc. A Can. South. 1st m g. 78
Buffalo A Krie, new bonds.. .. loe"
Ch. D. A v., I. dlv., 1st m. g. 78.
l03
Chlc, Danv. A VIncen's 78, gld
Buffalo A State Line 78
Kalamazoo A W. Pigeon, Ist. 9S
Connecticut Valley 7b
104 >i
Connecticut Western 1st 78
Lake Shore DIv. bonds
106
108
do
Chicago A Mich. Lake Shore..
ConB. coup., let..
103X
Dan.,l'rb., 111. A P. Ist m.78,g
do
Cons, reg., 1st
Des Moines A Ft. Dodge 1st 7s.
do
Cons, coup., 2d... lOO
Detroit, Hillsdale A In. RR.8B.
do
Cons, reg., 2d
Marietta A CIn., let mort
Detroit A Bay City Ss guar
103K Detroit, Eel Klver A 111.8s.
Mich. Cent., consol. 7s, 190*2
do
Istm.Ss, 1882,8. f. 114
Det., Laos. A Lake M. Ist m. 8s
do 2d m. 8s
equipm't bonds...
do
do
Dutchess A Columbia 7s
New Jersey Southern, 1st m. 78
Denver Pacific 78, gold
do
do consol. 78
103
N.T.Central 68,1883
Denver A Klo Grande 7s, gold.
101
Evansvllle A Crawfordsv.,7s.
do
6s, 1S87...
lOl
Erie A Pittsburg lat 7b
do
68, real estate...
do
2d 7b
do
do
68, subscription 102M
lOlX
do
do
78, equip
do
78,1876
Bvansvllle, Hen. A Nashv. 78.
do
7b, conv., 1876
123"'
123X Evansvllle, T. H. A Chlc. 78, g.
do A Hudson, let m., coup.
121
FlIntA Pere M. 78,Landgrant.
do
do iBt m., reg..,
Fort W., Jackson A Sag. Ss
Hudson K. 78, '2dmk .id. 1885.
usv
Grand K. A Ind. 1st guar 7b, ...
Harlem, 1st mort. 7j 30up
l!8x
Ist L. G 78...
do
do
do
reg
r.\ 92X
IstexL. G. 78
do
North Missouri, iBtraort
Grand lUver Valley Ss
Ohio A Miss., consol. fink, fd 98X
Hons. A Texas C. 1st 7b, gold.
do
do consolidated.... 9iiX
TiX
Indlanap. A Vlncen. 1st is.gnar
do
do
2d
do
25
Iowa Falls A Sioux Cist 78...
do
do
1st Spring, dlv.
IndlanapollB A St. Louis 7b. ..
Central Pacific gold bonds.... :o»;« 109
do San Joaquin br'nch 91H 9JX Houston A Gt. North. Ist 78, g.
International (Texas) 1st g. ..
do Cal. A Oregon Ist.. 93
Int.. H. A G. N. conv. 8s
State aid bonds
do
99J4 99;< Jackson, Lansing A Sag. 8a.
do
L. G. bonds
102
KansaL Pac. 7s, extension, gold
Western Pacific bonds
106*
105
do
J4
78, land grant, gld
Union Pacific, iBt mort. bonds
do
7s,
do new gld
Land grants, 7b, 103 103X
do
91\ •iX
68,gld, June ADec
Sinking fund,.
do
do
do
6s, do Feb. A Aug
Atlantic A Pacific landgr. m.
71'
70),
do
78, 1876, land grant
South Pacific KK. bds. of Mo.
7s, Leaven, br'nch
do
Pacific K. of Mo., Ist mort. ... 90
hicomea. No. 11...
do
IstCaron'tB.
do
do
7J
do
Ko. 16...
do
2d mort
do
do
Stock
do
Pitts., Ft. W. A Chlc, 1st mort.
Kalamazoo ASoathH.Sa.gnar
do
do 2d mort IO8
Ral., Alleghan. A G. R. 88. guar
do 8d mort. 103
do
Kansas City A Cameron lOs.
Cleve. A Pltt«, consol. s. fund. 109H
102X
Kan. C, St. Jo. A C. B. 88 of "85
do 4th mort
do
58
do 8b of '98
do
Col., Chlc. A Ind. C. Itt mort.
dp
Ist
saoiTBiTiia,
Mo, R.,Ft. H.A Gnlf lat m.lOs
•10
do
3d m. lOt.
N. Haven. MIddlet'n A W.7t..
N.J. Midland lat 7a, gold
do
•2d7B
m
Kallroad Stocks.
iJHuuU Central
112V.
do
do
do
do
.
X
St. Joacf>b, pref...
k
do
do
do
.
•In
&
114
109
m
36K
.
Krlc pref
109H
109X
bonds, 1900...
construction
7s of 1871
A Uudton Canal, latm.,
Del.
•.15
BU.
Art
'91
.
Texas,
OMuilbal
do
do
do
do
Wabaah.lat m. extend,
iBt m.Bt.L.diT
do
do
2dmon
Si
do
do
equtpin't bds.
do
do
do
con. convert.. 47
do
Hannibal A Naples, Ut luort...
Great Weatern, Ist mort., 1888. 9D
2d mort., 1896..
do
Qulncy A Toledo, 1st mort. 1890
Hllnofs A 80. Iowa, lat mort..,
Lafayette, Bl'n A Mlas., Ist m,
Han. A Central MISHourt, latm
Pekln.Lliieoln A Decatur, latm
BOBlon A N. y. Air Line 1st m
CIn., Lafayette A Chlc, lat m
m
68
& Sneqnehsnna
109
lOU
Peninsula, iHt inort., conv
Chic. A Milwaukee, Ist mort.. 100
S7K
Winona A St. Peters, lat mort 83
2d mort.
do
do
C.,C.,C. A lnd'8.l8tm.7B, 8. F. 109),
Consol. m. bonds 100
do
IHX
Del.jLack. A WeBtern,2dm.
7s, conv,
do
do
16X ii7k
Morrla A Essex, Ist mort
110
do
do
2d mort
do
do
do
do
South Cftrollna6s
Jan. & July
do
April & Oct
do
Funding act, 1866...
do
LandC,I889, J.& J.
do
Land C, 1889, A. 4 0.
do
of 1888.
7s
do
nonfundable bonds.
do
Tennessee 68, old
do new bonds. ...
do
do new series
do
do
Albany
lis'
.
—
lOs, of 1876
Virginia 68, old
25 !k
90
87
34
M
Funding bonds
Long bds. due '81 to '91 incl.. 103(4
ABylum or U nlvers., due 1892, IJdX
Han. & St. Joseph, due 1876. 10: !4
do 1886. lU'JS
do
do
do 1887 IU!!V
do
do
iwk un
reg
Now.4aYork Bountyilni^oa^,(«i-i1tl
coup. 104>i 104
So
68,
ea,
6s,
68,
6s,
68,
58,
21
.
43
15
«<l.
ToLA
.
5s,188t..
io
SB, 1888
do
..•
do
8i,1888
Ba, M«nt. A Bnf 'laK.
do
Sa, Jla.« Chat.K^
do
of 1892
do
88
of 1*93
do
86
Arkansas fts. funded.
do
-8,L. R.* Ft.S.lM,
7b, Meiup'ilB & L. K,
do
18,L.K.,P.B.*N.0
do
7s,MlBB.(). &K. lUv
do
7s, Ari. cent. K
do
Counectlcat 6b
eeorgla 68
do
78, new honds
78, endorfied
do
78, gold bonds
do
•sotiKmai.
Bid. Aak.
Kallroad Honda.
Slate Bond*.
AUbunk bf, 1888.
Illinois 68
•SOCBITK*.
Bid. Art.
nmtsiTixs.
may
Price* represent the per eent value, tehatever the par
Railroad Stocks arc quoted on a premout page.
be
.
.
—
847
64S
5
.
.
U«56855665fh
THE CHRONICLE.
230
NEW YORK LOCAL
-
Bank
Coiiputns.
Bowery
Broadway
S.OOO.IXH)
S.CKXI,U0O
.].& J.
l,oou,;ioo
.I.*J.
M. ft S.
MSfiOO
suo.uvo
J.WIU.OUO
450,000
sao,uoo
soo.ooo
Oentral
Ohatham
Ohemlotl
CItlieu'
City
Corn Bxohanm*....
Currency
Ooo'tU*
""
.."!!'.!".!!!!
KaatUlTer
aat
Bleranth Ward'
F.&A.
J. ft. I.
H
J.ftJ.
1000,000
M.ooo
Bermanla*
Greenwich'
Grand Central"
Grocere'
Hanover
Harlem*
1
* Tradera'.
200,000
200,000
100,000
800,000
000.000
100,000
IllandCl
cit» ...",..!".:;
Leather
leather Manufactrs...
liOanera*"
Manufctrers' ji Build!'
Manhattan*
Hanat. A Merchants'.
Marine
Market
Mech.BkgAsso'tlon.'.
600,(100
4r>o,ooo
F.&A.
New York
Hew fork County....'
1,000,000
8,000,000
200,000
Paolflc*
;;
Fheiilx
Produce*
Republic
'
Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
State of New York...
Tenth
Third
Tradesmen's
.:
Union,.,
*
J
A.&O.
Gas and
4
4
11
10
SH
9
10
4
10
7
10
9
8
:o
9
10
6
10
8
8
4
B
11
10
10
7H
^K
8
10
10
8
8
8
8
10
Jan.
Jna.S,
Jan.
Nov.l,'75...!i
N3V.1.'75..6
N, V. 1. 75. .4
Ian. 3. '76..
1,000.000
400,000
800,000
42^.700
2,000,000
4:2,500
1,800.«)0
260,000
2,000,000
1,000,000
300,000
800.000
1,000,000
200.000
2,000,000
1,000,000
1,000,000
1,000,000
J.
J.
J.
8
J,&
J.&J.
Q-F.
J.&J.
J.&J.
H
7
la
12
12
to
Jan. 8. '76 8X
JnlyI,'74.3X
ftj.
7
F.&/..
J.&.
.
&,
.
J.
J.&J.
J.&J.
M.&N.
J.&J.
J.&J.
J.&J.
M.&N.
4
8
6
Nov.
lli,'75..4
Jan.
8, 'i6..,5
a
10
10
8
Feb.
by Charles
Jai.
July
25 2,000,000
20 1.200,000
320.000
1,8M,000
Harlem
Jersey City & lloboken
Manhattan
Metropolitan
do
certlilcates
do
b, nis
M'ltual.K. Y
Nassau, Brooklyn
386,000
4,000,000
2,f,00,IXI0
1.(TO.000
500,000
5 000.000
700,000
4,0(XI,00O
People's (Brooklyn)
1,000,000
6i5,000
do
do
bonds
Westchester County
Bonds
21,i<10
Williamsburg
90 1,000,000
1000,000
scrip.
Jf^aecker Jit, it. i<'uttonj''efrt/--iiiock 101'
Ist niurtgngc
00(1
Brondwau it Seventh. 4i;e— stock. 100
lilt inor t KUKC
loa'
,100,000
,500,000
Bfonlli/n
c/ili/— Block
ut iiiortKiicft
Brnndwaij /trooklt/7l}-~sior.k
I
Ut
it
//«H(er'8i^— stock...
iiiortk'aRC
Menu-Ill I'k. N.
'St
bomls
it K. i?(ti«r— stock
inortpiRe
Jan.
Nov.
^
:i'
,(XX).000
ioo;j
300.000
100
2(X1,0(!0
:oo
1000
IIXI
Vru
IfltmortSftgi', cons'd
high th 4 D«rtw(j— stock
166
iBt niortmiKC
1000
ilikst. it (Inintl St /erry—stock.. IIX'
Ist niortcrtge
1000
Central Ctohh Town- stock
100
UHXi
1st mortgage
iltnth Avenue- .^iQclt
!00
1st niortgiige
KXXI
mortcatre
Co"s. Convortllile
Stxih Affeniie- stock
1st mortgage
tiiird yt neii 'IS— stock
Ut iiiortunga
lir«iiifj[/.(A/r(i Street— iincit
Istuortn.Ri;
*Stiis c*iiiiak
J.
ft
••i'x
8
7
&
J.*
Jan..
Jan.,
110
Jan.,
Jan.,
1884
Q-F.
M.&N.
J.&J.
Kov..'15
J.&D
&
J.&J.
M.&N.
A.&O.
.1
.r.
10
(I
21X1,000
lOPO
l.'in,(XXI
F.&A.
A.&O.
M.&N.
M.&N.
J.&J.
617,100
& I).
10(10
115,(XX)
KX'
UXHi
l,(H«),l«XI
(XXl.lXXi
J.&J.
10(1
ri"o,oon
J
!
250,000
?ept.,'79..5
280,000
Lalayetto (B'klyn)
150,1X10
1
71, ".!1
5,314
20
ID
20
Jan. .'76.11'
Jan., '76..
Jan., -76.11'
205
Knickerbocker
Lftniar..
110
110
<J-F.
ft
1S0.0(X1
2(«1,0(X1
WiM"
10
Jan.,;7«..5
Lenox
150,000
86.973
10
LonKlslanddlkly.l
21X1.000
186,f.7:>
16
10
10
20
10
Jan., '76..
Jan., '76.10
Jan. ,'16. .5
Jnn.,'16..5
Jan., '76.
Jan., '76.'*
Jan., "16.10
',
lOS.'ii'S
300,000
Builders'.
SOO.IXKI
l.i5,"24
Manhaltan
2r.(l.(XKI
Mech.&'i'rad'rs'
200,0(X1
MechujilC8'(Bkijn)
Mercantile
l.'KI.OOO
282,li5
320,899
111,391
63,503
Merrlianta',
Metropoiitftu
200,(10(1
.
Jan. ,'76..
iO
•Miim
132,017
215,859
ao
20
200,(XX1
310.0(X1
20O.(XXI
Jan., '76.1(1
jnn..'7S..5
J«n., '76.10
Jan., 78.
Jnn.,'76..R
.214,01(
200,000
MXl.dOO
457,'258
lO
10
35(1,000
137,1 1:'4
13
'AXI.IXXI
898,6,-ir,
'21X1,(100
176,2i»
225,567
SO
20
20
...
l.'iO.OIXl
..
150,000
1,000,000
Produce Kxchangr
.11(1.1 (XI
10
US.lBi
12
•20
W
.16,586
141,0111
785,6r-9
21,-. 01
15
2(X),IXX)
Hlugcwood
S00.0(X1
•iOO.COO
Ilesnlute
200,000
23,1175
Untgers'
Pnlotuard
2(«l,(l00
221.988
200,01X1
2IX),00O
•200.(X»
Ii'6..316
200,000
i:5,-J41
114,153
49,945
151,181
21X1.000
20(1,000
150,1X10
250,0(10
sixi.mxi
UK
176,015
189,878
261,511
lB0.»t6
250.000
199
70
170
182
vlO
115
Ian. ,'76. 10
Feb. .'76.10
Jan..'76..s
in"
Jan. ,'16. .5
Oct., "75..
m
m
J»n
,'76.10
Jan., '76.10
Jan. ,'76.10
.Ian., 76.10
Jai..,"76.r.i
170
140
100
1(0
100
Jan., '16..
10
Jan., '78. 5
10
Jan., '76..
Jan.,'76. .6
II
Jan., '76. 6
10
Feb., '76.15
•iO
nu Jan. ,'76.7)4
Keb., '78..
10
II 6 Jan. ,'76.9.6
71,aia
85,94S
f3,6f0
l!clii-r
Republic
ii6"
I
10
2('0,(K10
..
14
18J,'216
2.1,865
axi.ooo
3(X),(100
3T4.:06
re-'.osnranco, capital
90
iss"
'
120
Jnn.,'76.7X
10
Feb
20
20
16
10
20
Jan., '76.10
Jan., '76.15
Jan
,'76. .5
,
Feb..
'76..
'16.
Jan., "76.10
and pro&t scrip,
INTERXBT.
do
do
Fioallng debt
18T2
J.
Imoroveincnt stock
do
(.0
Consoli.intpd bonds
Strt-ct imp. stock'
do
do
Nfw Consolidated
1838
Wcrttcheator
Jersey Uitv:
Jan., '76
1876
1885
var.
var.
var.
do
do
do
l,i90
240
100
No>'., '75
',40
Bilvi
11:90
Jan. ,'76
I'O
of Mndt,
Novi"iibcr.,
do
do
do
do
do
do
8g
1877-80
1877-79
1890
1883-90
18S1-1911
102S
188I-1»(K1
;09
1907-11
1877-98
IS77-95
1901
1905
1878
1891-97
1876
1889
1879-90
1901
1888
1879-82
1896
1691
1852-67.
January
&
July.
1877
18115
January ft' July.
do
do
Jan., May, July & Nov.
1
1899-1902
1876-79
1876-91
1S05
1S68-69.
re bonds...,
Wilier loim
Guy bonds
Kings Co. bonds
do
do
'All Brooklyn bonds Hat.
January and
.
JulJ'.
1576-1900
BKSBS.Jr., Broker, 2X Wall
January
do
do
do
do
GO
do
do
lOU
,
May &
bonds
Park bonds
Water lonn bonds
85
Feb. May, Aug. & Nov.
do
do
do
Cltv bonds
18S8
N(>v.,'75
do
do
May & November.
1863.
/?rooH//M- [Quotations by N,
Local Imnrovcment—
is'rt
do
do
1S09
1869-71
1866-69.
yi.Rpeasment bonds... 1810-71.
Jan., 76
do
do
do
P'eb.,May Aug.& Nov.
.
County
Bergen bonds
nia'.arliy
.
A-jg.& Nov.
do
May & November.
....1B69.
Walcrloan
do
long
do
Sewcrape boii da
'75
1873
M.&N.
lut dividend un tiocla, also date of
.
May
do
do
do
do
..1853-65.
1870.
1575.
stock.
1860.
1865-68.
M»rket«tock
Boidiers'nid fund
Jan. ,76
Nov.,
Months Payable.
Feb.,
do
Dock bonds
liiilirov(?m«nt
& J.
Q.-F.
3SO,000
75(l,0OC
10
16
J.
„!M,SO0
101'
131,019
213,712
1811-63.
Water stock
11154-57.
do
Crotonwaterstock.. 184 5-51.
do
..lS5'2-60.
do
Aqued'ct
stock.
1865.
Croton
pipes and mains
do
resnrvoir bonds
do
Central Park bonds. .1853-57.
Oit.,'15
J.ftJ.
10
IIHXI
200,010
yew York:
'76
1877
'J00,000
797,3,'0
',07.000
Jan., '711. .6
Jan.,'.»-6
Jefferson
Kings Co. (B'klyn)
liate.
7'i
Kov.,'75
236,000
5(»,000
IS
[Quotations by Daniel A. Moban, Broker, 40 Wall Street.]
lOll
Q-F.
203,0(X)
718,0(XI
4li,9»2
c:ty Sccnritles.
'76
J.&l).
.
2(XI,000
'78.
J.
J.
J
Jan.,'76.
12
Over all liabilities. Including
'16
8(I7,0(X)
,0(X),(XX)
Jan. ,'76
'.2
WHlinmshnrgOlly.
J.
J.
89'l.T23
ino.txx)
roo.ixxi
10
20,'76
Jan.,
J an.,
J.*
J.
8,llX),ilOO
7
J.ftJ.
1001
'.IIX
mows
M.&N.
M.&N.
J. & J.
F.&A.
170
120
7
,'«0.000
900.000
,
.Id
Sept
ioo"
10
10
Inn.. '!8.
.
M. ft S
J.ftJ.
Jan. ,'76..
ItO
320
l.GSi
9 ,453
\i)g., '7.1.
.Ian.. '16.
F.&A.
J. & J.
t;n 000
S(rc«—
2dtnurtgAge
Oct.,
J.&J.
J.&J.
M ft S.
1.55
4S,590
Stnyvcsant
Tradesmen's
United States
Wfstchester
0,000
it 7en 1ft
stock
Utnei/lxtitnti it /Jj-ooJt'H— ist inorl iiioo
Dock, K, li. (t «(ill«r(r— stock 100
iBl iniirt^tiKC
A.&0.
F.&A.
108
Jan., '78.1?
Jan. .-76. .10
Jan., '16.11'
200,(XX1
St.NlcliolBS
-fi
'15.
F. b.,'76..5
J»n.,'76..5
Jan., 76.. 10
Jan., '76. 5
Jan., '76. .9
Jan. ,'76. .5
Sta
Sterling
'16
Jan.,
Jan.,
(J-J.
40".IXX)
31X1,000
,81
,'J(iO.OUO
Secnn.l Avfniie.—iiock
t).-F.
Jan
10
20
10
St.indarrt
Last
diviuend.
'76..
,'76..
Jan., '76..
Jan.,
m;» 8
1, '76...
(
185
1S5
90
,tan.,'76.7X
198,l>71
I'lic.nU (li'klvn)
^
8(0
.7
.Ian., '76..
Jan.,'76 iO
•200,(XIO
Peter Cooper.
People's
116
Ian., 76
111
l'i7X
Importers'* Trad..
Irving
3,'7»...6
3,'76...6
1,';5..5,
Ian.,
Jan.. '76.11
Jan. '76.5.60
Oct., '75.15
eoo.ooo
I'ark
.4
3. '76...
o5
65
•78..
56.629
lt4,S67
892,i59
Paciflc
900.(XI0
694,000
10(10
CkrMnpher
85"
8271.791
1.10,000
Nlacara
Novth I'.lver
466,000
53,000
.
(Certlilcates
Bt'ooklyn
14 '76
'»V>i
'JOO.IXXl
'i(Xl,0(Xl
National
N. Y. Kqnitablo...
New York Fire ...
N. y. & ionkcrs..
N'OV.10,':5.. 4
.lnn.2'7l.2)ig
.Ibu. 3.'76-. 4
1,(X)0.000
scrip
iio"
r<xi,ixxi
20(i,0(X)
•,'IW,0(X1
(B'klyn).
Nassau (B'klyn)..
isi'
Keb.,
W'fiiV
21,326
609,106
616.1(0
153,091
1,(»10,(XX1
Montauk
Exchange Place.l
Otis. Broker. 47
Par Amount. Periods.
Brooklyn Gas Light Co
Co (Bklyn
do
certlilcates
„
m
.lulyl.';B...S
8
.lao. l.'7-i..4l
J.&J.
CItr R.It. Stocks anil Bond*.
Citizens' Gas
'lo
S.".6.3X
150.000
iso.axi
'«),000
Olobe
Greenwich
Guaranty
Guardian
Hamilton
Manuf&
Inn. S.'76...B
Ju1ylS,'74.Sk
Fob. S, '75.4
Q
do
3, '76...
.iHll
12
S
8
10
3. '71...
Ian.
Jan.
Ian.
8
II
'73...
201,00(1
Oebbard
German-American
Oermanla
.
141,658
SO,4S5
181,812
146,060
110,150
83,563
2(XI,(X'0
LorllUird
131
F<!b. 1,"76,..S
11
2X
<06
Jan. 3,'78...4
Ian 8, '76.3)4
Jan. 8, '76. ..8
net. i,'r6. .4
May,
8
B
8
12
12
S
8
Farragut
Firemen's
Flrcmen'sFund
Firemen's Trust...
Howard
8, '76...
8. '76...
Jan.
.(an. 8. '76.. 8
F.&A.
6iXi,222
5.0,0t.9
Hope....
'76...5
US
.Ian., '76. '.0
Jiin.,'76..f
1,(XX1,(XX1
Home
10, '75.. 4
4
7
moH
Ki'b. 10,7«..5
Julyl,'75..8>4
IK
10
90
200
'76.1(1
192,'247
Contlncutal
Kagle
Holl^nan
8
J
"97
100
.3.-.,8J0
'iOO,H
2(XI.010
'79. .5
Jan. ,'78. .6
Dec. ,'75. 15
22.)
iC»,315
2(XI,(XXI
165
112
l.,'76..!
200,IXX)
Feb.l2.'74.»«
J.ftJ.
12
12
12
"v
75
Ian.,
Askd
Feb. ,'10. 10
Jan., '78.20
Jan. ,'76.. 10
2(»).(XX)
KxctianHC
128
3X
S9,;^4
8(X1,0(X1
Bid.
301,995
289,167
3( 6.880
217.349
Commercial
Hanover
600,000
A
210,000
ra'n,"8!''76'.!'.e
l.BflO.OTO
Gas Coufakixs.
New York
I, '76...
8, '76...
Jan.
.'!00,(XXI
250,(XX)
3(X1,«X1
Emporium
i'75...i
1,^75...80
Julyl,'7.«...7
Jon. 3, *i«.3S
114
85K
Pkioi.
Last Paid.
Jan.. '76. .5
lan'78.l2S
Jan., '76. 1
Jan. ,'76. .5
Jan. ,'78. .4
'^6.141
200,000
163,000
Fire....
ISTT.
l.''3,05
8(«,0(X)
200.0(10
M'Isl're
ft
18T2 IS73 1871
l.l,96ii
200.000
KmplreClty
I, '74..."
Jan
2(X'.000
Commerce
l.'O
Dec.
:3,«8
Columbia
Jan a, ';6...4
Nov. l,'7S.,-5
Jan.S, "76.. .4
Jan. 3, '76.. 8
Mch.l,'75..4
2(«),0(X1
,
City
Clinton
200
May,
Amlly..
Citizens'
Jaiy'l'."7R.'.'..3
wet. 9, '75..
Feb.l,'7I...S
62,530
S:0,618
PS,0«l
Broaiway
'76. .t
10
18
200,000
[tjuotatlons
,1,
3j,6l'6
200,000
400.000
200,000
Brooklyn
3, '18...
,
Ian.
2(XI.0OO
American
American Exch'e
Brewers'
3S
76
1,
1876.*
iEtna
Bowery
1,''16...'
;iir.. 10.
M.&N.
J.&J.
J.&J.
J.&J.
J.&J.
1,.'500,1X10
West Side*
.
J.&J.
J.&J.
J.* J.
500,(X)0
Oriental*
H
100
20
12
J
Ktb.
Jaw.
Adriatic
Arctic
Atlantic
'
May
12
Hill*
N Y.Nat. Exchange..
g.Y. Gold Exchange'
Ninth
North America'..
'
North Klvet'
8
7
10
J.ftJ.
600,000
4,000,000
SOO,000
Nassau*
8
s
10
H
500,000
1,000,000
',]
A.ftO.
F.ftA.
M.ftN.
M.ftN.
M.ftN.
M.ftN.
J.ftJ.
J.ftJ.
M.ftS.
J.ftJ.
S.C0O,0l»)
Ian. a,''S...-!
ii-n.S.
8...;
J(in.2 '7«..'2:
Ian. 8, '76... 4
Jan
J.&J.
600,0(X)
Merchants* Rx.... ."'
Metropolis'
Metropolitan
8
1,000,000
3, 76.. .6
'h Julyl, W.2>i
112-8
F.ftA
Jan.
•76..!
I.
8
"i"
M.&N.
J.ftJ.
Sept.
7
J.ftJ.
J.* J.
J.&J.
J.&J.
J.&J.
M.&N.
M.&N.
M.&N.
Traders..
nercliants
St.
14
Ian. 8. '7ii..C
IttJ.S, 7«..1»
3
10
2.050,000
800,000
400,000
1,000.000
3,000,000
500,000
Mechanics
Peoples*
II
y-j.
Tl...*
1.
Wall street.)
65
l>lVIt>BNDB,
PX.US,
Par Amount.
lao.S,' v.. J
Nov,
Jan. 5. '76...
Keb. 1, •;6...s
July I, '74...
Jan. 10, ,'7«.2),
10
3
8
14
10
1.500,000
500.000
100,0C0
IrVinjr..
Park
8
7
J.
IJ— J.
ft
iwjcm
German American',.
German Bxchange*...
Murray
J.&J.
J.
8
8
10
il
100,000
1,000,000
860,000
150,000
«allatln
ti
J.
ft
.J. ft
J.
soo.ooo
g 000,000
500.000
1 500,000
ronrth
Vulton
Mercantile
J.
4
l.OuUOOO
Fiah Avenue'
Mechanics
10
ill
4
10
FIftli
—
20
J.&J.
J.*J.
MO.WO
Flret
Importer*'
20
io
ev.2m0B
1,000,000
10,000.000
1,500,000
Commeroa
Continental
gry
Q-F
J.
4 J.
10
10
8
12
21
10
10
8
IJ
100
9
.I.ftJ.
COMrANIXS.
lS-,5
10
8
12
21
M.&N.
J. ft.I.
Head'
Batchers * DroTert
Bull'i
NXTbcn
Capital.
1S74
1876.
4,
Insurance Stock LUt.
(Quotations by K. B. Bailxv, broker,
PBIOI.
DlVIDBNDB.
tbui (•) are
notNatlODkl.
Par Amount, 'erlod^.
'
SECURITIES.
Muked
Ameiiot'
Amerlcta Exohacge.
[March
Stock List.
Cai-ital,
S
I
May &
do
&
J uly,
do
do
do
do
do
do
November,
do
101
96
ll'2>«
96
KKI
114
WiK
ICO
102
97
105
109
115
109
97
105
115
ll'2>i
103
102
113
102
103
114
119
105
1(41.
ws
1:3
106
114
107
101
112
':oi
WiH
1(5
111
95
96
97
101
106
100
100
1(1
106
102
105
1(17
lOSH
St.]
1876-80
1881-95
t05X
104
ir9
191.5-21
113
115
1903
1915
I14S
I17X
lis
laOll-IiXB
1881-95
1880-83
1380
1(1
115
•.14X
11
ax
105
104
105«
194
ll»K
X
l(9<<
I
:
:
March
4,
THE CHRONICLE.
1876.]
the bonds of the Burlington
was
3nt)e0tment0
&
Mlfsourl Hirer lUlIrokd
a
The " InveBtorg' SupplemeDt" Ib published on the last Saturday
of each month, and furnished to all regular Bub«criberB of the
CURONICLB. No single copies of the Supplement are Bold at the
supply regular
office, as only » Bufflclent number is printed to
BubscrlberB.
A
tlMjlM
4a,M0
7 per cent of l')Oa
nor cent of 18*3
ralo of C. B.
(i. plain 5
convoriiou or fractloDil rlgbti
By
By
AND COEPOBATION FINANCES.
Compasv
»aT,a8i,of»
This has hcoB Increawid daring tbo year by tale cf C. B.
AND
STATE, CITY
231
&
1,800
tt8,l70,8T>
LossB. AM. n. bonds eonrortcd Inl* stock
Less bonda purchased fnrC. B. & Q. sinking fund
87n,l>00
1*,000
Loss northern cross scrip |)alcl
Lcsi purchased U. & M. land grant sinking fund
Loss purcliaiod branch bouda 00 trafflc coolracts
^'•59?
14,800
11,000
..
S8t,<M
ANNUAL
REPORTS.
Chicago Bnrliiierton
&
$Z7,e3t,i7f
Qlvlngamountpf bonds OttUtandIng on Slst nit
It will be obBerved that In the exchange of 7 per cent bonds of
1003 for the 8 per cent branch bonds, there Is a saving of 1 pet
({iiincy.
(For the year ending December 31, ISTl).
The annual election of dlrectora was lieUl in ClilcajT", "n the
The result wag as follows: John M. Forbes, Hoston,
2.'1J ult.
Mas?.; Sidney Banlett, Boston, Mass.; John W. Brooks, Boston,
Mass.; Cliarles J. Paine, Boston, Mass.; T. JelTerson (looiidge,
J.
Boston, Mass.; John N. A. Griswold, Newport, K. I,;
Botch, New Bedford, Mnss.; Peter Ocddcs, (Ihieajfo, III.; J. M.
Walker, Cliicago, III.; Uobert Harris, Chicago, 111.; Charles E.
Perkins, Burlington, Iowa.
The annual report of the President, Mr. J. M. Walker, has the
Wm.
following:
The gross earnings and expenditureB for the year end.ng on the
31st ult have been as follows
,
f, 17
3,ft77,1Uv
88,50!
FromfrclKht
From paPBcn^ers
From III Isccllaiieouii
From liUercst ttud exchange
ToHl
From which deduct opcratlni;
'JT'!!?}
oa.flri
jTviiMM
cxpeneos, iocludinj; taxos and tmni0,480,123
fer oOlco cxiionsos
$5,3
Leaving net earnings for (he year
Inlerest accrued or paid on bonds during the year
$3,31t>,^3II
Leavinji a balance of
Out of which have been paid dividends No«. S» and
Rent of traclCB and dcpats
Amount
l,a;i,S
*,014,10»
30..
.
83,CR%iV)5
88,5!1
transferred to sinking fund In 1875
r,»,81)7
S,930,!)3l
Leaving net furphis earnings for the year
To which add
t115,59'l
3,945,99j
surplus at comraciicenient
And thero stands to the credit of Income account
Amount credited to ^lnliiug fund taken from earnings
And
this,
added
to
Income
credits,
$4,'.«1,.'SS1
1,SW,741
makes the amonnt of enrplns
85,T>6,.-)8«
earnings
In addition to this surplus derived from earnings and embracing
the items above stated, there were, as will appear by reference to
Missonri
the Treasurer's report, |81(),02.'5 83 in the Burlington
River land grant sinking fund, derived from sale of lands, whlcli
goes to pay the Burlington & Miesouri Bivor Hiiilrond Uud grant
mortgage bonds, now a part of the obligRlions of this company,
and |34G,(i05 00 standing to credit of profit and loss and local aid
account, the larger part of which has been applied to construction
1a Iowa making total of surjdus $0,888,543 83.
Operating expenses for 1874 were 55 03 100 per cent, including
taxes.
For 1875 they were 51 53 100 per cent.
&
—
of the Barlington & Mlssonrl Rlrer
end of the year, Included In the above Btatement, wis
The balanca
$0,017,850, of which $1,3.)7,150 are convertible.
constitutes the so-called [land grant ^mortgage. The former are
being rapidly converted into stock, and it is expected all will bo
This done, the only remaining indebtedness of
in at an early day.
tlie Burlington & Missouri River Railroad Company will be the
The sinking fund created by the
latter, amounting to $4,000,200.
proceeds of the land grant, now estimated at $4,489,897 20, with
its accumulations, will nearly retire the whole remaining Issue of
The bonded indebtedness
Road
at the
bonds, thus leaving tlial company practically free of debt.
Your company is without floating indebtedness.
llRANCnKS AND NEW CONSTRUCTION.
*
* * It was deemed advisable to render such assistanoe to
the Albia Knoxvllie & Des Moines Railroad Company— the construction of whoso road, undertaken some years since, was then
well under way as would enable that company to build its road
from Albia to Knoxville, the coun'.y seat of Marion County. This
road was completed and leased perpetually to the C. B. & Q., In
which lease the rent reserved is equal to the annual interest on the
bonds of $403,090, issued by the A. K. & D. M. Companv, which
bonis were taken Ijy the C. B. & Q. Company at 85 and deposited
with the Now England Trust Company as security for the $483,-
tliese
—
COO of 5 per cent, plain bonds, issutd by the latter.
On the Clh of December last a preliminary contract was made
with the yulncy Alton & St. Louis Railway Company and others
for the perpetual lease of the road of that company. The road is
about forty-six miles in length, and extends fromtjuincy to Louisiana, with ft branch to Ilaonibal, along the rich bottom lands on
Sliauld this contract be carried
the east bank of the Mississippi.
to execution in the ensuing jear, and the lease made, the rent to
be paid will be based upon the gross earnings, appropriating such
percentage thereof to the payment of rent as will insure this
company against loss, but wiih the riglit at any time within five
years to turn the same into the form of fixed rental not exceeding
$12,000 per annum being at the rate of about $013 per mile.
It was with great reluctance that your directors consented to
take in Iiand these two roads. It was nofln accord wiLli their
general jjurpose. The true policy of the company undoubtedly
sheuid bo against extensions or additional branches, and this will
be adhered to so long aa may be without serious detriment to the
But in those cases the circumstances seemed imperaproperty.
—
not to have taken them up would seemed to have
failure properly to execute the trust reposed in them.
tive;
been a
CAPITAL STOCK.
TIlANSrOHTATION.
Th» c&pltal stock of the C!hicago Burlington & Quinoy Uailroad
Company proper, at the date of the last report, was |19,898,910.
of freight moved during the year, exclusive of
Illinois Central, done under special contract with that company,
('hicago Dubuque & Minnc:otaand company freight, was 2,390,933
tons, as against 2,420,<138 tons in 1874, a decrease of 2:!, 695 tons.
Of the above amount, 710,701 tons were received fromand delivered to Western connections 383,134 tons were eastward and 834,657
tons westward bound, making local freight east wardani westward
',
has been increased during the year by one share issued (or
l)y 02,011 shares issued in exchange for Burlington* Missouri Hiver Railroad stock, transferred
to J. N. A. Griswold and J. M. Walker, trustees, for tlie purpose.s
subsequently stated.
$25,100,110 00
Making the total of C. n. & Q. stock
$7,e^S,8.SJ 51
Total amount of B. A M. U. stoclc.i
It
fractional riehts couaolidatod, and
•
cent on Interest account.
Amount of htnck IrnuHferred to Irnsteea
ToUl U. & M. stock outstundlng
Making aggregate amonnt
of stock outstanding
^, 201,
150 00
2,418,73* 51
on the Slat trtt.. t87,511,84J
61
In explanation of changes in the capital stock above stated,
attention is called to the provisions of the lease of theBurlington & Missouri River Road to this company of the date of Dec. 31,
1872, in which it was provided that such legislation should be
obtained as might bo deemed necessary to authorize a complete
union of tlie stock and property of the two companies. This has
been had. That for Illinois took ed'ect on the iirst day of July
last.
On the Ist of August, in closing up the purchase, a convey-
ance in due form was made by tliu Burlington & Missouri River
Railroad Company to this comi>any of all its property, of wliatsoever kind, and thereuiran, as the most practicable mode of completing such purchase of the stock of the B. & M. R. R. Co., the board
authorized an exchange of C. B. & Q. slock for outstanding B. & M.
R. stock. In pursuance of this order, and for the purposes stated,
$5,201,100 had lieen exchanged up to Dec. 31 last.
In consequenco of matters connected witli the land grant, and
for other reasons, it was deemed advisable for tl.o present to
continue tlie organization of the Burlington & Missouri River
Railroad Company, and for that reason the certilicates of Burlington & Missouri River Railroad stock exchanged for Ciiicago
Burlington & Quincy stock were not eilinguished, but have been
transferred to Messrs. J. N. A. Qriswold and J. M. Walker, to be
held by them :n trust.
FUNDED DEBT.
The funded debt of this company at the date of the last report,
ineludlog the contingent Indebtedness of its branch bonds and
The amount
;
1,680,142 tons.
The average earnings per ton per mile upon
freight
have been
at the rate of 1 9 5-1000 cents as against 1 900-1000 cents in the
previous year. The total number of i)assengor8 carried, exclusive
of mileage and season tickets, has been 2,019,184 as against 1,830,433 in 1874, with an average mileage of 40 43-100 to each passeni
ger.
The average rate per mi'e, exclusive of mileage and season
tickets, was 2 79-100 cents aa against 3 0-1,000 cents in the
previous year.
L\Nn DEPAUTMENT.
there Mmalned
of unsold land, as
near as could then be estimated, 103,631.20 acres. In view of
this comparatively small <iunntity, sales for the year have been
large, amounting" to 07,081 .05 acres, for the gross sum of $667,391 37, an average of $1 1 70 per acre.
At the date of the
last reoort
Atlantic Mississipiii & Ohio.
(For the year endi/iff September 'iO, \9'i5).
The earnings of the road for the year were as follows
1878-71.
1874-75.
From passenger trains
From tonu'.Kc trains
From other sources
8500,831 r.8
),«(.»4S B7
S6,«l la
f 4'iS.8;* 07
1,3»4,S96 74
>8,I70 60
Total earnings
»LT8!,45r4S
Working cjpenaes
l,!Oj,947 66
»^«5.''li 2i
48
n
$717,810 88
Notcamlngs
tifli.Xi
The report says:
" The iiieronse in the revenne from passenger
1.0»7.;«
trains is entirely
attributalde to the increase in express trallU which, for the past
year, was greater by the sum of $30,885 08 than lor the previooji
year, while the receipts from passenger traiHc were less by the
:
:
:
THE CHRONICLE.
232
sum of $10,151 30. The decrease in paaaenger receipts is confined quite entirely to tlie throutrh traffic, and the same result is
noticeable in the decrease of revenue wliich will be found in the
tonnage tralBc. Indeed, t'le revenue fr.im local or way tonnaee
for the past year is greater by the sum of $15,617 52 tlian for the
previous year, while the receipts for through tonnage are
$85,349 84 less."
The expenses of the transportation department were |544.869 22,
against $543,281 "Si; the train mileage, however, was greater, so
that the transportation expenses were 5085 cents per mile, against
Sl°22 cents, a decrease of 07 per cent.
The debt of the company was as follows at the close of the last
two fiscal years, Sept. 30, 1874 and 1875:
Funded
Unpaid
debt, except State debt
interest, inclndins Oct.
Totaldebt
COBt of property
Other assetH
Debt per mile
1875.
un.
$10,573,481 16
474,Oa7
1,076,355 J4
tlO,5!ffl,234 S9
tl8,183,9:)3 92
19,374,408 02
$n,88r,h91 62
H
coupons
Floatingdebt
859,937 34
98S,619 29
19,nii,715
."i"
!)34,191
90
830,970 49
$28,327
of road
Cost of property per ml'e
Name of
45,2
report says
tlie year, the funded debt, assumed on account of the
divisions, has been reduced hy the r. tiremeni of $20,000 of first
mortgage bond.s aud $12,381 83 of registered certficates of the
Virginia & Tennessee Division, matiiog a total of $32,381 83 of
past-due obligations taken iu, and for wliich we are entitled to
receive from ihe trustees an equal amount of Atlantic Mississippi
& Ohio bonds.
" In other respects the funded debt remnins as at the date of our
last report, except that the amount of funded-interest notes has
been increased by the sum of $6,028. The floating debtof $1,076,355 54, is in excess of t'le amount outstanding at that date by the
sum of $147,836 25."
The arrangements made with the bondholders in England are
to be submitted to the stockholders after they have been considered by the board.
President Mahone's report says: "While your temporary
obligations have been duly met, and the divisional bondholders
have been paid full interest, youremrloyees have fa thfuUy stood
to their post, accepting cheerfully such measure of their hardearned wagts as the r. duced and insufficient earnings of the road
would allow to be paid them. The results of the year are contrary to the predictions expressed in our last report, which were
then fully justified by the operation of the first three months of
the past year, though they are in harmony with the corresponding
results which have attended the operations of nearly every rail
road in the country, except that our loss has been slight in comparison with the large majority of such corporations.
"It may be well to remember that when the panic set in, from
which every industry and every interest has so severely suffered,
the revenue of the company had attained a suflSciency to meet its
every demand. Its shortcomings, during the period which has
followed, aggregate $610,000, wbile the loss in revenue has been
$780,000, round figures. When the country fails to furnish the
business which is needed to produce the revenue necessary to
cover its current obligations, a case of necessary forbearance is
plainly made, and reasonably so when it is remembered that the
property at stake cannot be replaced or duplicated for double the
amount of all its indebtedness, and when it lias given in the past
such abundant evidence of real ability to meet all the demands
these impose."
,
The report shows the following
The roadway and equipment have been much improved
and never
!!
!l4,o6«'97it
'.....'.
27s'3i8
6,419|375
Receiptj^.
$413 790 77
"^'"^^'^^^.V/J'^^':..'"."Z
loii-W 01
45 879 '»
;::;.".:'..;;:.';;:
isioouoo
From wharfage
i
.?9-. or
i
i.ii<
it.
11,563 75
Fremmails.
Total.
$63?,C0S74
^^„i"';'
Expenses
459.«16 55
.l.'i
459,^36
Net earnings
$22i,17:i 17
State and other ta.ves
Rent Stockliridge and P. h. R
Rent Berkshire Railroad
Rent West stockbridge Railroad
Rent New York, Hons. and N. K.
Coupou Interest
Interest on loans
Miscellaneous
Deduct
$9519
'
at credit of profit
.-,752 11
'
'....'..".'.'.'.'.[['•".]].'.
Ba'ance
balance at Cr. of profit and loss Sept.
Add
94
31 '409 00
42*000 00
697 04
R
Net gain after deducting ail expenses
Paid dividend January SOth, 1875..
Paid dividend July 10th, 1375
Balance
since
before
215 707
i
|;™°'«^pr"8
'34 50-148,383 38
$73 790 79
.$47 26o'66
;.
asibOO
0«-
70,800 00
$2,9911 79
30, 1874.'.'..'. ....
and less Sept.
30, 1S75
$366,509 73
$293,287 88
41,364 41
$334,652 30
238,962 35
Ac
profit over all charges
$95,689 95
Compared with the previous
shown
Gross (&rnlngs, 1875
Grors earnings, 1874
year, the following
623,391
Increase in gross earn'gs
Net earnings, 1S75
Net earninga, 1874
.
...
83,315 07
$86,:i05 86
Wast .Jersey Railroad.
(For the year ending DecenHmrZi, 1875.)
Receipts and disbursements of the West Jersey Railroad and
leased roads were aa follows
is
g.366,608
437,691
Decrease in expenses
$36,406
.
29,
result
Expenses, 1875
Expenses, 1874
$059,797
$71,181
$298,887
185,700
Increase in net earnings
$107,587
The
report says : After providing for and paying all interest,
ajd other expenses properly chargeable against income,
there remains a balance of $05,689 95 as the net income for the
year 1875, which is equiil to a dividend of seven per cent upon
the capital stock of your coiujiany and though the cash is now oa
hand in the treasury to more than represent this amaunt, yet the
directors have thought it prudent not to make any distribution of
the same among the ahareliolders, but to retain and apply so much
of it as may be required for seme contemplated improvements.
During the past year there have been no expenditures charged
to capital account, all expenses having been charged to the general expenses of operating aud maintaining your |)ropertie8.
Your
Board takes pleasure in stating that Ihe floating debt of $72,600,
as shown in the report of 1874, has been paid off, and the securities held therefor returned to the treasurer.
Your company is
therefore free from all unfunded indebtedness, and has now
$125,000 temporarily Invested upon proper security, until, and as,
required for use by the company.
rentals,
;
GENERAL INVESTMENT NG VS.
—
Antliracite Coal Combination. The Engineering & Mining
Journal gives a schedule of prices which will rule in the coming
months of this year, as established by the late combination of
all the prominent coal mining corporations aud companies tlie
" From this it appears that
same with 1875. The Journal says
consumers,' who contract before the 1st of April for their supply
of coal, can purchase it at a reduction of from 25 to 45 cents per
ton from contractor's prices last year, and a reduction of 40 to 95
cents per ton as compared with the prices of 1874.
" The following is a compari?ou of the net prices of coal to
consumers during the years 1374 and 1875, and those proposed
For 1875 we deduct an assumed commission of 15 cents
for 1876.
per ton, the prices for 1874 having been net, aa are also those for
:
'
this year.
Lump.
,
1876
1S75.
.
1874.
Steamer.
,
1876. 1S75.
—
,
1874.
Broken.
,
18^6.
187.\
,
1874.
—Chestnut. —
.
1876. 1875.
1874.
March. .$4 vO $5 55 $4 55 $4 :W $5 io f4 65 $4 40 $5 75 $1 75 $1 30 $5 35 $1 35
April...
4 20
May
...
4 25
June
...
4 30
.
Dec
"
...
4 45
4 65
4 75
4 85
4 85
4 60
4
5
:I0
.50
4 90
4 55
4 GO
4 90
4 90
4
4 70
4 80
4 95
5 10
2r>
5 40
5 55
5 65
4 30
4 ,tt
4 40
4 45
4 .50
4.55
4 60
4 35
4 70
4
4
4
4
4
5
5
5
5
65
7)
P5
96
95
00
00
00
OO
4 70
4 80
4 90
5 05
5 20
5.35
5 60
5 65
5 65
4
4
40
45
4 50
4 55
4 KO
4 65
4 70
4 75
4 80
4 65
85
95
06
05
5 10
6 10
5 10
5 10
4
4
5
5
4 80
4 90
5 00
5 15
6 30
5 45
5 60
5 75
5 75
4 :»
4 J5
4 10
4 35
4 40
4 45
4 50
4 55
4 60
4 65
4 70
4 45
4 55
4 65
4 75
4 80
4 80
4 89
4 SO
4 60
4 60
4 75
4 90
5 05
5 SO
5 35
6 35
Though we welcome
our manufacturing
this concession to the urgent needs of
industries, it is not so great as we had expected
believe, the condition of manufacturing and the
to be, nor. as we
best interests of the anthracite trade itself demanded."
Atcliison
Topeka & Santa Fe.
—The land sales of this company
16— average
per acre $4 30; sales previous to Jan., 1876, 526,51291 acres for
$3,761,001 83— average per acre $5 24 1-3; Total sales to Feb, 1,
1876, 536,2o3-52 acres for $2,802,887 98 -average per acre $5 23^.
The land bonds outstanding are $3,374,000.
have
Ijeen:
For Jan., 1876, 9,739-61 acres for $41,886
Buifalo City Loan.
— Proposals will
be received at the Consecond day of March, for the purchase of
$100,000 6 per cent park bonds, anthorized by an ac'. of tlie Legis
lature of the State of New York, chap. 375, passed May 17, 1875.
Cincinnati & Martinsyille. Joseph T. Qreenough has i)een
appointed receiver of the Cincinnati & Martinsville Railroad Com(lany, extending from Martinsville to Fairland, at which point it
The
c miicts with the Indianapolis Cincinnati & Lafayette Road
lialiiliiies of the company are estimated at $400,000, of which
$:WO,(ll>0 is represented by the receiver.
Delaware Lacliawanua & Western. As to the change of
paiigM lately determined on. President Samuel Sloan said to a
Tribune reporter that for a considerable time past the directors had
been considering a change of the gpuge, and all the company's
recently acquired rolling stock had been constructed with a view
The first step will be
to adapting it to the proposed new gauge.
to change the axles of the locomotive, passenger, baggage and
Tliere are about 130 locomotives and 1,200 cars
frei^'ht cars.
which "ill need to be altered. The locomotives will cjuse more
troijlilH and expense than the cars, a") the difficulty of altering
The shops will begin work on Monday, and after
will be greater.
they have completed the alterations of the stock, the track will be
narrowed in 24 to 48 hours. The total cost will be about $1,250,000, and the work will be done in time to enable the company to
troller's Office, until the
—
—
37,500 00
21 44& 79
..;
'.
7,147 71
3,051 87
23,972 34
There was a loss operating Swedesboro Railroad of $12,953
and an actual loss operating Salem Railroad of $10,031 13.
it
Number of tons freight carried dnring the year
Number of tons freight cmried during the year one mile
Number of passengers carried during the year
Number of passengers carried durii:g he year one mile
From freight
From passengers
Frommilk
Profit.
$283,065 80
Total net Income from all sources
wlilch deduct payments for interest,
Oct
Nov....
:
excellent condition
Expenses.
$-S30,498 10
12,039 29
From
4 ;35
August. 4 40
Sepl.... 4 16
Hoiisatonic Railroad.
{For the Tear ending September 30, 18T5.)
in
Earnings.
$659,797 61
Add income from investments
Net
1876.
$613,586 40
19,187 00
27,024 21
Total
,
4,
Mill-
Railroad"
Swedesbsro Railroad
Salem Railroad
ville
July...
now
Road.
West Jersey and Cape May and
44,810
Daring
1869, and are
equalled.
[Match
$27,773
The
"
,
March
THE
1876.
4.
CHIIONICILE
compete for the Centonnial traffic, as It will have excollont
con
nectwns) and facilities.
Karly in July the trains will nrobkUlv
^^
am through the new tunnel.
'
:
:
233v^
holder, of a majority of
.h»^fl^JIl,^"'!r'"'*""*.'*''""'*"''"P'—T''e
the
first and second mortgage
bonda of th« I..k. »,,\I.tL t
Mississippi Railroad of
",' "'" """'''"yP'oi-o-"^ by a commftt^ of
mnLj:tyJ^tl.^^\u:%J^t
"
Erie.— The Erie directors have appointed a committee,
consistDg of ei-Ooy. K D Morgan, Hugh J. Jewett, and Samuel
S^lT*'""
Sloan,
*'" '""'""" '' """='• "" »'"'to confer with the haglmh committee, and a
«'»- °''
conference was held th^" CimoZ"/""""''
lately at Mr. Jewetfs refidence.
Messrs. Miller and Fleming
presented the Walkin scheme of reorganization
meSoTth^f^ifosa^'.^^^
for consideration
CoZ'a'n/'wt'i^l^lTn'
There was Pome discussion, hut the conference
adjourned until'
another day, no permanent results having been
attained
The
directors expressed the views of the stocliholders
as decidedly
'"''''' **-"' ""' tho.„nr.ha7.^
opposed to the Watkin scheme, inasmuch as it
would destroy all
their interest in the property unless they made
--The Mariposa assessment, levied by the
further sacrifices
California Board of
which they were unable to do. The plan which
they submitted Directors, tebruary 24, will iH-com., ddlnquent March 24
Tl?e
o the Eng ish Committee is
ZZrt^JT'''
reported to be substantially as follows: First 12 millions consolidated gold bondholders
omce, a and II Nassau street
to be asked
to fund iour coupons the 5 millions «old
Milwaukee A Northern.-Under an execution, recently
convertible bondholders
issned
to tui,d SIX coupons, and the second 14
millions consolidated gold
"' ^'' r\^ ^y ""' **•'•"'»• '> Mil '"""ke;. Wis., March 4
p.
- .1
The
stockholders claim that this is
.?'§'" ''""PO"^'""'"''? "" "*« Pf"P«rty of the company,
.1?.^"..°
and will
a that 18 needed to put the road in a prosperous
"^'i"
condition, pro='
''
°""'g«&e lor $2,155,000
N^« r^-"'
**'
New
Or eaiis'"J^'Z.'i"'
" ""'* ^^^ "'"""i^S ot the gauge, and it is
Mobile & 'rcxa.M.-At an adjourned meeting
iM-.f^/."^.?
"l
M^d that the negotiations pending, if carried to a
successful ter- of the bondholders, held at th. olHce of Messrs. Morton, Bliss
S
min. ion. will lurnish the Erie Company with
the money neces"!'""''' '«"""' ,'" "^«*''''"' "'^ ^ew Orleans ana
sary to lay a third rail to Jersey City.
Texas
lexas Railroad
RailroaH Company, with
a share capital of $2,000 000
The Tribune says the committee from England
and the Erie
'" '" ""','' ;""[ ^''" """^ "^'" the trustee who
Directors have adjourned their conference
until next week in diased U r"-'
°' ''' '""""'olders. Every bondholderZs
order tha the maierials for a better
understanding may be ob- the rtl to iTr°'
"" "'""'^ ""* "^ "'^«'^« *250 in stock
lor
or each bond.
bond
Vlllf'n"'
I he followici; persoog
-"""g-- to of Direcors:
constitute the first Board
lund or d
ft: ott^'j'
."i cTuTo^rpro^XrthVTn
5:::-™l"defer
one half thHr
John
B.
Ullitie.
L. a'. Morton, Charles Mo"„
f^rcash
for the other half.
The Delaware Lackawanna
;
dSl"
I
pT
-?-«
rZ%
^
I Westfrn
and
*
?"^' ^°'°P«ic8 were willing to guar
»^t«?!l*T''
antee
the laying ","''T.
of a third rail on the Erie Road, if a
harmonious
adjustment of al ,1 fferences could be had
with Ihe bondhoHors
' ^""'".'"^e declared themselves ready to
meet
, he
r.^."
t1 ?
stockliolders
in a fair and equitable spirit.
It was resolved
however, to defer the further con.sideration
of the reorganization
of ihe company until after the
settlement of the third
tiations.
On Monday the Bondholders' and Directors' rail neeo
Commu'ees
and President Jewett will ;,o to Scranton,
Pa., to confer with the
''"
S"?"'""
Ste«l Company, who will furnish the
that the Erie Company shall transnort
Ihe proposal is
the Delaware & Hudson Cana^ Company
Tnd 'The
Delaware Lackawanna & Western Company.
The charges fo^
transporting the coal are to go towards
the payment for the third
rail, the payments to extend
over three years.
r.^r.
rails.
n°i
the coal of
Fi.iaiices.-Hpn C. A. Cowgill, State Comp.
a very complete report for the year
1875
which 18 published in the Talahassee Sentinel.
Mr. Cowgill eoes
very fully into the subject of former
irregularities in the man
agement of the State finances, and says in
conclusion: "The
sctual kn^mi loss to the State, arising
from duplicate and illegal
payment ot warrants (blue scrip and burned scrip,
etc.) and flVe
disappearance <>' «S7.268 of greenback scrip.
at^ountJ to fsT
f98 81, and whether 117.479 91 should
be added to this loss or
'""^ ^""? '° ^^^ "ccouots of the Treasurer in
ISrt? and
.^VifiYa'^"
1887
1868, cannot now be ascertained.
As to late changes in the State debt he says: "
During the nast
year bonds of 1873 have been exchanged
for old bondrheld'^ by
irclJleT'll^*!"**
troller.
has issued
private parties, to the
amount of |33.600, and.
2.057.
Laws
in fulfilment of the
of
Florida, approved February
ITTrnTl^lo^^"^"*"" "Changed with the treasurer of the
n^.J
Board off r^^'^'^
Education for various bonds
belonging to the School
of 1873 blonds exchanged
^^f^^'l"y/^^''^^'^'^}i-er^^5,700
for other bondThere have been exchanged for Coinptrolllr's
certificates, under the provisions of
section
1 Q7oT'^
threeTL'^
three
Chap. 1,979.
Laws of Florida, $79,600 of these bonds.
the receipts into the Treasury during the
year 1876. applicable
to ordinary expenses, arising
from taxf s already assessed and
from licenses, is estimated at |300.000.
This will absorb all the
scnp now outstanding, and leave over
|GO,000 for current expenses of the present year, and. owing
to the rapid appreciation of
tLe State Ijonds. it is expected that the
funding of the greenback
scrip will still continue^
Thus there is a reasonable^ prospect
that the taxes assessed for 1876 will
be chiefly collected in United
Mates currency; and that a return to a cash, and,
therefore, an eco-
nomical basis,
may
be accomplished."
Forged Bonds.— The Tribune
says: Telegraphic advices re-
ceived from Brussels, Belgium, yesterday.
(Thursday) by "Rollins
Bros. & Co., bankers." at Wall and Broad
streets, announced that
the senior member of that firm had been
arrested in that city
charged with taving forged railroad bonds in
his possession!
''"'« bonds were a part of those forged by
Speuce
Pettis. Andrew
I
Koberts, Gfeason. and Williamson, most of
whom
are now in
prison.
-The Rollins Brothers say that the senior
member of the
hrm sailed for Europe with a quantity of these
forged bonds
which he had received from Chas. T. Williamson,
who had been
taken as a special partner into their firm.
After the departure of
ItoUins It was discovered that the bonds
were forgeries and Wil
lamson was arrested. A telegram received by
Phillip' Speyer &
Co., bankers, of No. 20 Exchange
place, a few days ago, stated that
t|ie Brussels police had discovered
forged bonds of the New York
Central, and California & Oregon Railroads.
It is now inferred in
Wall street, that some of the flOO.OOO in bonds
taken over by
ttoliins must have been placed on the
market.
U
Kansas City St. Joseph & Council Bluffs.— Notice is given to
by the trustees, that on March 23 the
time expires when the
arivngement for adjusting this company's affairs,
under the plan
ot March, 1874. must be
completed. The notice contains further
naatter of importance, as may be seen
on reference to our advertising, columns.
ilunt.J.t
Terry. yVilli.m Mertens, Joseph
Seligmaii.
Bond""* org,nizati!.n can *do so bv subscr^br.rt'.'"^';r'"5''"
scribing
to the articles
of association. The committee
consists of
Messrs. L. P. Morton. Henry Morgan, and
William Mertens
on apparently good autliormad« and signed by over 11,250 'y^''" Southern Railroad Associkuon,
and by G. W.,
w" 'w'^"'"'
P. and Ex. Norton, in amount over
$700,000
*""Pl''"'^"'.'' completion of the road, and it is anticii» Jir.*^?
pated
that the preferred hrst mortgage bonds,
set aside for this
' arrangement, with the co-operation of the peoplo
nTnT,^
along
the line, will be ample to accomplish
this end
Fanama The steamship North Carolina, lately on
the dry
dock in East river, as soon as her bottom was
scraped was to go
"""hauled
previous
to her departure
^^
11
/f°''
u"^' 1°
around
Cape Horn
for Panama.
She will be the pioneer^ess^t
^'"''?*'' ^"^^^ "'"<='' '« to '"" in opposition
to the
P»,.^ff Ma
m"uT
Pacific
Steamship Company. She will be followed
by the
Oeorgia.
1 he Clyde whicu was formerly in the
Galveston trade
8 another veBsel of the fleet, and is being lengthened
seventy feet
in Philadelphia.
1 his alteration
will not 6e completed for a
couple of months, probably. It is reported
that the (frescent City
and Columbus, now running to Havana, will
probably
"ciwceu
^ ply
^ ^ between
this port and Aspinwall.
Quicksilver Mining Co
This company retired $300 000
bonds last year and $1I6,0U0 since the first
of January
-The
company has $200,000 cash on hand, and have added
$100,000 in
material since January I. 1875.
The amount of bonds now
outstanding is $o84,000 which the company
hope to be able to
retire this year.
The company has no ttoaiing debt
Railroads in lowa.-The following gross earnings
are from.
returns made to the Secretary ot State
of Iowa, fbr the
o jcar
ye«^
ending December 31
Padueah
& Memphif<.-It
stated,
is
ty that au agreeiiept has been
Tdta
W
ri
V
—
—
.
Burlington & Southwctero
Central of Iowa
tlUsTS
^ii'-S
Davenport&St. Paul.
D, s Moines & Fort Dadge
De« Moines
I2S''*»
AMinnesotS..::;
Rochester
v'ISi
:::-.:v.:-.:;v.::
fo'^aTalttT''.":^'""
a
J^'S?
*}«wi
*ifS'J^
"?•'??
JSI'H?
m'??J
.|,f
&
State Line.-Mr. J. Condit Smith, of Buffalo
has made a proposition which is as follows
:
'Fhe capital stock to be increased to
$2,500,000 ; the bonds
heJd by the ci.y of Rochester and the towns
which have
bonded in aid of the ,oad to be exchanged for
stock at par the
^
'''"'^^^ "'*' already issued, to bo iuu^
to
1.
now
;
Mr Smith
2. All the outstanding bonds to be
retired, and a new first
mortgage lor $12,000 per mile and a second mortgage
tor $8jOOO
per mile to be ma.ie, the bonds to be issued to
Mr Smith
J. In consideration of the stock
and bonds, Mr. Smith will
complete the road from Rochester to Salamanca,
within six months
from the execution of the contract, will
build the necessary
round-house, repair shop, station buildings,
three turn tables,
seven water-tanks two track scales and
the necessary sidings.
Ihe buildings to be located as the board may
direct, and to cSst
not less than $90,000 in all.
He will also equip the road with 13
engines, 8 passenger aod 4 mail and baggage
cars 150 box ' 330
flat and gondola Cars and
30 hand cars.
4. Mr. Smith will also settle the present
floating debt on such
terms as he may be able to make.
He will eater into bonds with
*'"•*"«' 'or the fulfilment of the contract.
"•'n-r'o
Ihe City Council of Rochester voted to accept
the proposition,
and the commissioners of the bonded
towns also approved it.
he contract will be executed as soon
1
as the necessary authority
lor the exchange of bonds for
stock cm be obtained from the
Legislature. The road is all graded and bridgfcd
from Rochester
to Salamanca and 25 miles of track
laid, from Rochester to Lerov.
Rutland Railroad This Company and the Central Vermont
have agreed to a modification of the lease o( the latter,
the tenn»
proposed being given as follows in the Press dispatches
•
—
'
i
/
:
THE CHRONICLE.
234
On the
Railroad
first
bonds.
The new constitution, however, provides that, if llie willing,
ness exists to pay legal debts, the means to do so shill be ready
at hand; and Section 6, Article 11, provides that:
" Counties, cities and towns are authorized, in snch mode as may now or
may hereafter be provided by la«r. to levy, asse.s3 and cjllect the taxos necessary to pay tlie interest and providoa sinking fund to satisfy any indebtedness heretofore legally made and undert-ikeu
but all such taxes shill be
assessed and cellerted separately from that.levied, assessed and collected for
current expenses of maulcipal government, and shall, when levied, specHy iu
the act of levying the purpose fierefor, and such taxes may be paid in the
coupons, bonds, or other indebteduess for the payment of which such tax
may have been levied."
regret that the new constitution is not as liberal to railroads as tUe well-wishers of Texas could desire.
Sections 3 and 4, Article 10, Railroads, reads
" St.c. 2. Railroads heretofore constructed, or that may hereafter be constructed in this State, are hereby declared public highways, and railroad com;
We
:
?
—
Joseph & Denver City. Notice is given to tl;e holders ol
the mortgage bonds of both Eastern and Western divisions that
the time in which they will have the right to participate in the
reorganization of tlie said Company, and the right to exchange bonds for lands belonging to the Western division, is, by
St.
panies common carriers. The Legislature shall pass laws to correct abuses
and prevent unjust discrimination and extortion iu the rates of freight and
passenger tariffs on the diffreut railroads in this State and shall, from time
to time, pass laws establishing reasonable maximum rates of charges for the
transportation of passengers and freight on said railroads, and enforce all
such laws by adeciuate penalties.
" Sec. 4. The rolling stock and all oilier movable property belonging to any
railroad company or corporation In this State, shall be considered personal
property ; and its real and personal property, or any part thereof, shall be
liable to execution and sale in the sam i mauner as the property of individuals and the Legislature shall pass no laws exempting auy such property
from execution and sale."
;
order of the Circuit Court of the United States, limited until the
20th day of April, 1876, and that a motion for the confirmation of
the sales under foreclosures will be made on the first Monday in
187G.
;
South Carolina State Bonds.— Messrs. G. T. Bonner &
Co.,
Toledo Wabash & Western.— The foreclosure suit against this
Company cime up before the Circuit Court at Dj,nville, 111., on
the 33d.
The application for a decree of sale was opposed by
of this city, recently addressed a letter to Governor Chamberlain,
of Soutli Carolina, in rsferonca to the consolidated 'oouds of that
State supposed to have been fraudulently issued by the late
Treasurer, Niles Q. Parker, and commonly supposed amonar
dealers here to have been embraced within the numbers 1 to 400
of bonds signed by Governor Moses. Discrimination has been
made against the bonds so numbered, among dealers, and Messrs.
Bonner & Co. requested the Governor to make some authoritative
statement in regard to them. The following is his reply
State of South O'AnoLiNA,
Executive Chambeb, Columbia, Feb. 29, 1876. f
Qesttlemen—Replj'ing to yonr letter of the 2Uth inst., I have to say that the
discrimtuRtlon to which you refer has been made entirely l)y otheps tlian the
ofllcers of this S'nte or its General Assembly.
I know of no action nn the
part of any branch of the State government which can give any support to
Buch a discrimination as you refer to
Very respectfully, your obedient pervnnt,
D. H. CuiMBEKLiiN, Govcruor S. C.
holders of different securities, including holders of equipment
bonds and of stock. In behalf of the equipment bands, petitioners
claimed that they have a right to the settlement of the question
of conversion of the equipment bonds into bonds of the first
consolidated mortgage, before a sale is decreed, and that the
amount of mortgage lien upon the property must be established
that the purchasers may know the incumbrances.
The Court, on
the 38th, sustained the proceedings of the foreclosure committee
by which the decree of foreclosure was entered in an Ohio court,
and refused the applications of stockholders and equipment bondholders to become parties to the suit.
:
I
G. T.
Bonner &
1876,
This does away with a serious source of dishonor to county
and city bonds issued in aid of railroads. For, disguise it as we
may, Texas is no exception to the rule of default la railroad-aid
fied by the stockholders, to-day, the Rutland Railroad surrendered this claim wholly to the Central, and is to receive from
February 1, 1875, as rent for the RuUand and Addison roada, 35
percent, of D6i percent, of 'lie gross earnines of the Central
Vermont, the Canada and Rutland, and Addison roads added
together, semi-annually, provided in the contract of 1870. The
rents for the use of the Vermont Valley and the Vermont and
Massachusetts roads, and all other stipulations, except in regard
to the regular time of paying the rents, are to remain the same
as by the contract of 1870.
The inducement^ held out to the
Rutland Company, by the Central Vermont, to accede to these
proposals, have been the purchase by Governor Smith and party
of all the stock of the Vermont Central Road, which was held by
Governor Page and others for the Rutland Company, and which
was guaranteed by said company, thus ending any interest which
the Rutland Company have had in the Central Vermont stock,
and ending the question— who is President of the Central Vermont
May,
4,
" No county, city or other municipal corporation, shall hereafter become a
subscriber to the capital of any private corporation or association, or make
any appropriation or donation to the same, or in auy wise loan its credit ; but
this sha'l not be construed to in any way aS'ect any obligation heretufora
uudei taken pursuant to law."
day of February, 1875, there wag due the Rutland
Company tor rent from the Central Vermont $10,401 55,
after making all the allowances that the Central Companyclaimed. By the terms of the modifications of the lease, as rati-
Road, P«ge or Smith
[March
Co.,
New
—
/Union Pacific. The U. S. Supreme Court rendered decision
Peb, 28, in the following case:
No. 534 Union Pacific Railroad Company vs. Hall and Morse,"
error to the Circuit Court for the District of Iowa. In this cause
the Court holds that Hall and Morse, residents of Council Bluffs,
as citizens, bore sufficient interest to give them standing in Court
to demand the performance of its obligations by the companv, and
that it is the duty of the latter under the acts of Congress to
operate its whole road as one connected, continuous line, and that
the bridge over the Missouri River, between Omaha and Council
Bluffs, is a part of the road to be used ia connection with, and as
a part of their entire line. It is said that if Congress did not
intend to require the construction of the road from the imaginary
line in the middle of the river channel, which would be an impissibility, and which is the legal boundary of Iowa, the intention
must have been that the initial point should be either on the
Iowa or on the Nebraska shore, and if tlie Nebraska shore was
intended why was it not designated ? It is impossible to give a
satisfactory answer to the question by tbe Court, or to the question
why the Iowa boundary was designated if the eastern or the Iowa
sliore of the river was not intended to be the terminus of the road.
The authority of the company to build the road to the Iowa shore
was within itself power to build a bridge over the Missouri River.
No express grant to bridge the river was needed, as whatever
bridges were needed on the authorized line were as fully authorized as the line itself. All authority that was given to the company was as a railroad company, not as a bridge company. The
bridge was to enable the road to connect willi other roads, and it
was to be built lor no other's use. They were not allowed to
charge rates of toll over it which they did not charge upon other
portions of their line. The acts chartering the company manifest
no intention to distinguish between the bridge over the Missouri
River and other bridges on the line of the road, if it is not a part
neither is any bridge between the Missouri and the
of their road
western Ijoundary of Nevada, for the power to build bridges was
given in the same words. Affirmed.
Mr. Justice Bradley, dissenting, was of the opinion that the
Mi8.souri River is generally understood to be the western boundary
of Iow:i, and that the fair construction of the charter of the Union
Pacific Company is that their road was to extend from that river
—
York.
Sunbury & Lewistowiu— Pursuant to a vote of the bnndholders, the parties who b )ught tills road at foreclosure sale. May
5, 1874, for account of said bondholders, will offer it at public
sale, at the Merchants' Exchange, in Philadelphia, March 9, at
noon.
The terms of sale are .$150,000 cash Dn signing the bid,
and balance on delivery of the deed.
—
Syracuse & Chenaiigro. Mr. Geo. T. Constable, as trustee
under the first mortga'je, has taken possession of this road, and
has begun suit to foreclose the mortgage. It was formerly known
as the Syracuse & Chenango Valley, and was sold under proceedings in bankruptcy, f uliject to the first mortgage, in 1878, and
was then l)Ought by the present companv.
Texas State Finances.— Messrs. Forster, Ludlow & Co. say in
their circular of March 1, the importance of the new constitution,
as regards the future financial policy of Texas, is so great that we
review it at length.
The State debt, always less than five millioQ dollars, cannot
be increased, except in extraordinary cases. Sec. 40 of article 3,
new constitution of Ttxas, provides
" No debt shall bocrcated by or on behalf of the State, except to supply
:
rasnai deficle;;cica in th^ reve'iuo, repel invieion, suppress insurreclion,
defend the State in war, or pav existinij del)t; and the del)" created to supply
deficiencies in the reveuue shall never exceed iu the agj;regate, at any one
time, two hundred thousand doJars."
This provision makes the bonds of the State of Texas now outstanding much more valuable, and investors are appreciating the
fact by paying higher figures, as we ehall show further on.
But
the State is also precluded from loaning or giving its credit to
any corporation, individual, &c., for section 50 and 51, same
article, provide
"Sec 50. The Legislature shall !ia\e no power to give or to lend, or to
authorize the sivinjjiirlendinz, of the credit of the State in aid of, or to auy
person, association or corporatl.in, whetlior municipal or other ; or to pledge
the credit of the State, in any manuer whatsoever, fur the payment ol the liabilities, present or prospective, of any individual, association of individuals,
municipal, or ether corpo'aiiou whatsoever.
"Sec. 51. The Legislature shall have no power to make any granl, or authorize the making of any grant, of public money fo auy individual, association of individuals, municip,al, or other cor,>oratiou whatsoever; provided,
that th's shall not bo 80 construed as to prevent the grant of aid iu casj of
public calamity."
;
westwardly.
—
These provisions make the State bonds still stronger.
Then followed a desire to realize by holders of the funding
bonds of 18S4, as it is evident that the State will not pay 10 per
cent interest when she can sell a seven per cent bond at par and
above.
The funding bond of 1881 can be redeemed at the option of the
State after three years, from July 1,1874; it therefore falls duo
next year, and at present figure does not pay much over six per
cent interest.
There is no doubt bat that Texas 10 per cent funding bonds will be redeemed by tha State, according to the provisions of the law.
How does tlie now constitution affect county, municipal and
railroad bonds?
Section 8, Article 11, reads :
—
1
Virginia State Finances. In response to a resolution of the
Virginia House of Delegates, Mr. Taylor, the Auditor of Public
Accounts, has submitted a statement of the financial condition of
that State, in which he states that tlie estimated receipts of revenue
in currency from the 24th of February to the 1st of December,
1S76, will be $897,735 73, while the disbursements for the same
period will be $1,749,483 05, showing a deficit of !j;S51,753 33.
This large deficit results in a great measure from the item of
The Auditor says there
|409,0;:0 arrearages due the school fund.
are only two modes known to biui by which this deficit can be
provided for. First, by an increase of the rate of tax upon the
value of land and property in the State or, second, by a stamp
tax and a tax upon the consumption of whiskey.
;
I
4
Much
1
4,
THE CHRONICLE
m.}
285
COTTON.
I
FmoAY. P. M.. March
Thk Movembnt op tub Cnop, as Indicated by our
(XmMERClljL EPITOME
Fbidat Nioht, March
tSTO.
8,
appearance, as yet, of any codaiderable volume of flpring trade, though Boma elForta have been put forth t^
stimulate business. The woatlier has been wintry, and in fact
we can hardly be said to have liad much winter until towards the
An advance in g;old has, for various
close of the winter months.
Speculation
reasons, had little effect upon prices of merchandise.
in some leading staples has a({aiu turned in favor of operators for
a rise; but, as a rule, our wholfsalo marlcets for merchandise
have remained (juiet, nothing appearing to induce a dealer to
purchase beyond his immediate wants.
The following is a s'atemuut of the stocks of leading articles
of domestic and foreign merchandise, at dates given
Thare
!b
but
little
Feb.
Reef
tc9.
Pork
Toiiacco, foreign
Tobacco, domeatic
Ooll'ce, Kio
CofTee, other
Coffee, Java,
&c
Cocoa
Sugar
Sufar
Sugar
i),76«
13,1587
bbls.
bales.
25,492
27,tfl6
82,445
11,061
11,101
(i,8S9
hUds. 80.841
big9. S27,7VO
bays. 5l,-i59
mat'. 123,:illl
20,5:)0
lr(i,v8)
ii.tH
10I.W8
2I,M»
b.iis.
110
89,312
13),46J
275
hlida.
l«.33ii
1.5,781
1M.073
1.7.37
bbls.
11,9;0
118.100
6.872
14,000
115,200
1,473
2.788
7,000
H1,B85
1'8,.500
90 Oi
bbls.
bbls.
bbls.andtcs.
bales.
bales.
Linseed
>
8J,417
4.079
2,063
13,000
2,300
4,900
1.700
b.igs.
bales.
bales.
bales.
.lutebutrs
Manila hemp
Ashes
174,400
91,773
6,944
2.739
9,900
2,7.50
5'0
4.900
1,700
257,600
2,4.")0
9,400
7,40O
13.900
19.100
36,435
121,500
1.109
ll.ftlO
14.700
3,200
63,053
15,023
3.47H
67,777
bbls.
lOfl.lOO
80,315
3.713
2,420
8,500
bais. 247,.5a5
bags. 14.9fO
Saltpetre
Jate
3i,48ti
55,179
Spirits tnrpentine
I.)
6..3'i4
3,Ui
No.
Gunny bags
(i.j
l.tiftt)
35,3
1,519
Tar
Rice, E. I
HIce, domestic
Gumiy cloth (E.
7,
3,0.'2
hhds.
hhds.
b.tlos.
Iibls.
,
Marl.
1.
J. 493
baKii.ctc.
Hides
Cotton
Rosin
Mar.
1.
1875.
andbbls.
boxes.
Millado
Molaascs, foreign
Molaases, domestic
1870.
1,367
1,.393
has been more active on the spot, with the speculation
strongly towards higiier prices. The business in new me=s to
day embraced lots on the spot at $23, April delivery at $23 10,
and June deliverj' at $23 -10. The same remark applies to lard,
with sales of prime Western steam at $13 05((itll3 70 on the
spot, $13 75 for April, $13 05 for May, and $14 for June, but tlie
close was rather tame. Bacon and cut meats are without change.
Beef has met with a good demand, but northern beef hams have
been offered at some decline for large lots. Tallow, butter and
cheese have been without important variation. The market for
hides has been quiet, but prices close steady dry Central American sold at ISc, gold dry salted Savanilla at 14ic., and city
slaughter ox at Sic, currency. Linseed oil has been in fair jcbbipg demand and steady at 50@00c.; other oils quiet and unchanged. Whiskey has been dull and closed at Jll 09}. Clover
seed is firmer at 14@14}c,
Kentucky tobacco has ruled a shade lower and fairly active at
5@7c. for lugs and 8J@lGc. for li af the cales for the week
embraced 500 hhds., of which 3.J0 were for export and 150 for consumption. Seed leaf has been in fair demand and about steady; tlie
sales embrace crop of 1873, 40 cases New England, at 16c., 130
cases Wisconsin, on private terms crop of 1873 and 1874,200 cases
Ohio, at 8(i()9ic.; crop of 1874, 1.10 casesNew Eng'and, at TifwlOc,
105 cases Wisconsiu, at 5|c., and 129 ca.ses New York, at iuoSic;
also 200 cases sundries at 7@2jc.
Spanish tobacco has remained
steadv, with a fair business the sales were 500 bales Havana at
88c.a|l 15,
Coffee has been in fair request, but not so active as last week,
and prices show no furtlier advance. The visible supply of Kio
for the United States U 334,000 bags
fair to prime cargoes
quoted at 17ic.@18fc., gold. liice is in largo stock and dull.
Teas were fairly active, but at weakening prices. Foreign dried
iruits have remained quiet.
Molasses firmly lield at 3ic.((B33c.
for 50 test, new crop, but the demand is limited and slocks accuimulate. Sugars have been moderately active, but piices of raws
Ihave ruled weak, except for the better grades small stocks support prices of tlie latter good to prime refining, 7ic.(a)7Jc. llefined
sugars in demand for export at lOfc. for standard crushed.
Ocean freigiits have latterly Ijeen very quiet, not only in
in the former some slight de
1;erth, but also in charter room
clines are noticeable, but, as a rule, the latter remains about
Late engagement.^
steady and without changes of importance.
and charters include: drain to Liverpool, by steaai, 7id.; cloverrotin, by sail, 2a. 7id.; grain to London, by
seed, 30s. per ton
1876.
telegram*
from tlie South to-niglit, is given below. For the week ending
this evening (.Vlarcli 3) the total receipt* have reached 86,215
bales, against 109,076 i)ales last week, 110,576 bales the previous
week, and 118,582 bales three weeks since, making the total
U2
receipts since the Ist of Septemljer, 1875, 3,491.
bales, against
9,991,.527 bales for the same period of 1874-5, showing an increase
since Sept. 1, 1875, of 499,615 bales. Tho deUils of the receipts
for this week (as per telegraph) and for the corresponding weeks
of five previous years are as follows:
week at—
Rccclpta tbii
1876.
18.-4.
le-.s.
1873.
37,051
26,5)5
38,098
9,5C6
6,871
8,793
3,313
S,7(!4
9.481
:
1876.
3.
Mobile
Charleston
•
.
.
.
Ac
Port Royal,
Tennessee, Jbc
i»i
1,019
4
5,19)
11.113
11.482
7,931
7,293
8,M5
202
214
12,260
9,416
Florida
Total thlsweek
Total since Sept.
SS,6S5
U,5I9
6,301
10,8;«
6,1(8
«,601
7,019
6.808
8,861
13,660
7,701
8,608
10,216
5,r9
7,317
1I.S94
112
502
19»
1,965
[
4») \
8,3«6
179
1,MS
2,3-28
COI
1,484
»S9
7,753
5,995
11,811
8.522
l,5!i8
t02
471
071
211
380
88,215
77,268
93,401
82,307
73,702
&c
18T1.
4t,NK
4,M1
115
North Carolina
Norfolk
City Point,
187*.
4'
}
»,887
lt6,93S
1.... .3,491,142 2,991,527'.!,14a, 149 12.798, 161 2.244,058 2,917.816
The exports
for the week ending this evening reach a total of
146,756 bales, of which 59,101 were to Ureat Britain, 9,058 to
France, and 78,534 to rest of the Continent, while the stocks as
made up this evening are now 778,2i0 bales. Below are the
stocks and exports for the week, and also for the corresponding
week of last season:
Exported to
this
Same
week
week.
1875.
Total
Week ending
Porli
Mar.
New
Groat
ContiFrance
Britain.
nent.
3.
Orleans*....
MoMle
Stock.
1876.
1875.
18,735
8,2M
31,8*)
5S,S32
66,769 .350,739 250,056
10,553
821
«,03«
11,418
15,939
59,728
49,849
U,S77
17,351
10.302
29,929
38,638
76,711
Charleston
5,076
Savannah
6,620
....
14,247
20.867
31,943
48,172
Qalvestont
8,005
....
5.813
13 838
6,793
54,593
65,788
New Yoik
6,227
8,853
15,085
9,9.1
163,839
182,020
18.221
16,23(
3.633
43,000
51,766
Norfolk.
252
Utherportst
•
•>
2JJ
3,091
3, 091
;
;
;
—
;
;
Total thlsweek.
Total since Sopt.l
69,101
9,058
73,531
145,338 778,229 736,960
146,758
397,325 '332,015 2.2(1,812 ;.M.?.414
1,41.5,462
...
' Jieii! Orleans.-Oar
telciram lo-nlght from New Orleans sho-s ihat (beilde*
above expoi- si tlii; amount of noitou on shipboard and euziiKeil for Bhfpmenc at
tliHt port Is as fo'IOH-a: For Liverpool, 71,000 hale"; lor Havre, 2V0
bales; for
Oontiuent, 4 ,000 bales for coastwlic ports, 4, 00 bales; which, if deducted irotu
the stock, would leave J01,.'>10 hulei r>-presenUug the uuantlty at the .aadl.ig and In
presfte.^ unsold or nwnillng orders.
t rhilceatHii —Our Oalvestou teles am shows (hesld 's above exports) on shipnoard a' ih t port, not cleared: Kor Liverpool, 8,101 bales; for other foreign.
M-Obaes; for coastwise p irts, 3,631 bales; which. It deducted from the scocli,
would leave reuialulni; 3.'i.6'3 h;iles
"'* *^^'' under ihe head of "other ports" Include from Baltl*
mo "IL"."""''*
c 1.!8 hn es to Liverpool from Bostoi £65 hales lo Liverpool
from Phila;
;
delphia 46 bales to Llvuriiool
;
;
from Wilmington
1,281
bjles to Liverpool.
From
the foregoing statement it will be seen that, compared
with the corresponding week of lasi season, there is an inereate
in the exports this week of 1,421 bales, while the stocks to-night
are 41,209 bales more than they were at tills time a year ago.
The following is our usual table showinj: the movement of cotton
at all the ports from Sept. 1 to Feb. 25. the latest raiil dates:
;
;
;
;
;
sail, 2?. Cd.; grain to Bristol, by sail, Sid.;
do, to Cork for orders, Cs. lOjd.; all bulk
do. from Philadelpliia
to do., Os. 9d.; refined petroleum frou do. and Baltimore lo the
Baltic, 5h.
To-day lliere was a moderate business iu both berth
and charter room, though at slightly easier rates, the former
especially.
Grain to Liverpool, by steam, 7d. per 00 Iba do., by
by sail, at 7d,; do. to direct port on the East coast of Ireland, at
Os. 6d.; do. to the Continent, Cs.Cd.; re.iiduum to Liverpool, 5s.;
refined petroleum or naphtha to Cork for orders, 5s. 3d.@53. fJd.
Tlie market for naval stores has improved since our last, spirits turpentine especially, which closes firm at 37|e., with fair
sales; common to good strained rosin, $1 G2J((i$l 65; the adPetroleum, on
vance is due to the higher Wilmington market.
the contrary, has been very dull, and under weak Creek advices a
pretty easy tone prevails; crude, in bulk, 8ic(£()8}c.
refined, iu
ibis., 14c.
Ingot copper was a trifle easier, with 200,000 lbs.
ilikke at iiic.(&2-iic., c&th.
RSCEIPTS
8INCB 8BPT.
PORTS.
1875.
XPOBTED BISOS SBPT.
1.
1874.
Great !„
1
TO—
'
Coast-
wise
--•
Ports.
427,8. 7,183,730 153,63^
Britain"""'"
34
Stock,
N. Orleans. 1,113,117
Mobile .... 316,678
770, '12
123,839
380,121
2.S8,8JI
92,011
18,5231
40.089
150,611
98,724
68.494
Charleai'n •
367,432
338,270
111.583
47,31
57,i6'(
215.991
92,390
U,84l
Savannah
..
4tl,3V2
S33,2i3
143,109
26,015 H5,3i3
UCO.O07
119,407
66,907
Gal'estou*.
408,719
301,911
151,889
New York
147,200
87,273
231,3>0
.
837,46!
21,417
181.411
I7li,697
60,161
41,095
297,360
....
169,633
....
11,254
2,:)01
2.3,181
65,100
3,909
89,314
299,961
21,661
1356,28) 283,207 453,501 2C 93,056
986,422
853,232
2,91l2.'i9 1219.029 19,3,313 255.7117 1703.109
969,736
824,393
Florida
11,254
11.565
N. Carolina
83,755
81,971
20,830
Norfolk'..
Other port-
409,3:)2
3)0,393
87,5.7
75,743
49,757
4,111
1,91.-.
1,817
59,051
i:,8J3
70,830
37,60J
steam, SJd.; flour, by
;
;
•
;
Tot. this yr. 3,404,927
Tot. last yr.
• Under the head of CAarfrf«toa Is Included Port Uoyal, &c.; ODder the head of
Gia/pe^fon Is included Indlauo. a, &c ; under the head of Norfolk la Included CI y
Point, &c.
These mail returns do not correspond precisely with the total of
the telegraphic figures, becau.so in preparing them it is always
necessary to incorporate every correction made at tlie ports.
The market for cotion on the spot declined rapidly early in thn
to 12}c. fur
week, and on Monday quotations were reduced \c
middling uplands, but in tho course of Wednesday and Thursday
more steadiness was developed, thougii the demand continued
An advance in gold hai
limited to small lots for home spinners.
been nn influence which lias op-'i-ated in favor of hoWers, an 1
some falling off in receipts at the ports was felt iu the sam
,
i
direction.
Today,
with
Liverpool
firmer,
the market
waa
:
W
:
.
THE
236
—
.
.
CHRONIOI.E.
and more active, a considerable line in transit
having been sold, but quotations were not advanced.
For future delivery, prices continued to droop until the opening on Wednesday, when the smaller receipts at the ports, and
the advance in gold, caused the withdrawal of sellers, and stimulated the demand to cover contracts, upon which prices advanced
3 33c.; and yesterday, a slight advance in futures at Liverpool,
wiih a further advance in gold, and only moderate receipts at the
ports, contributed to a lurtUer improvement, making fully Jc.
from the lowest point on Tuesday. The demand has not been
active at the turn which prices have taken, and yesterday tlio tone
of the market was somewhat unsettled.
To-day, however, the
opening was active and buoyant, an advance of Jc. being at one
time established, but it was not fully maintained at the close,
owing to an easier turn to the Liverpool market, which was
l-16@J^d. higher for arrivals.
The total sales for forward delivery for the week are 14S,700
bales, including
For immediate delivery the
free on board.
total sales foot up this week 4,7C0 bales, including 91 for export, 2,796 for consumption, 389 for speculation, and 934 in
transit.
bales were to arrive.
The following
Of the above,
[M^rch
1876.
1875.
1874.
1878.
45,000
45,350
66,000
68,000
Stock at Rotterdam
Stock at Antwerp
Stock at other continental ports..
16,760
11,500
2."),260
23,00a
13,S50
6,000
17,250
31,000
13,500
13,000
37,000
37,000
463.600
309,000
380,C00
483,000
,380,500
1,111.750
1.3ni,7.')0
1,8^,000
124,000
237,000
19),000
a(9.o;'0
American cotton afloat for Europe
693,000
659,000
687,001
621,000
Egypt, Brazil, &c.,afloat for E'rope
Stock in United States porta
Stock in U. S. interior ports
United States exports to-day
50,000
67.000
a3,000
80.000
778,229
736,9ti0
757,047
515,494
122,816
108,877
131,630
103,029
24,000
7,000
2.),000
9,000
New ClassiQcatioQ.
lb.
Low
Middling
Middling
Bood Middling
Strict Good Middling
Middling Fair
Total European stocks
India cotton afloat for Europe..
@
119-16 ®...
n 3- 6 a...
Vi%
»
a
11
.
AmerUian
12X
®
..
UX
®...-
MK
15
a.
IS
®....
»....
14
UK
Fair
13-16®...
',2
®...
a...
a...
a...
13X
13X
Good Ordinary
Good Ordinary
9 3-16
5-16
IL'
,
I
I
Low
Middling
Middling
11-16
11
New
Saturday
Con- Spec- Traosit.
sump. ula'n
Monday
239
9.9
Tuesday
5311
43
315
893
280
100
21
Wednesday....
rhnrsday
Krlday
70
924
146
91
8119
921
2,796
Total
Delivered on contract, during the week,
1
,
9
9
9
9
9
979
573
541
393
3-16
1-16
1-16
1,930
1-16
1-18
9 l-l«
4,700
....
10 11-16 11
10 9-18 11
10 9-16 11
10 9-16 11
10 9-16
10 9 10
U
U
15-16
13-16
18-16
13-16
12X
125
12M
li%
i.H-16
12H
13-16
for February,
bales.
cts.
12H
10.
M...
7,-00
For March.
600 9. n. ..!2
2C0 8. n.llh.l2
auos.a.lst. 12
200
12
Vi%
i^%
UH
U
;-I6
12 7-16
i
200
300 8. »...12 15-3.'
12 15-32
1,100
1,400
I2)«
100
1317-.«
100
100
IIX
8,7l0 total
\ix
March.
For April.
....
....
13K
1.100
2,500
13 9-3J
13 5-16
13 11-32
700
12 25-32
12 13-16
U
2:-:>2
59,7C0 total
12X
1231-32
13
13 1-32
For May.
12 29-32
12 15-16
12 31-32
13
13 1-32
400
5,300
7,(100
S,91HI
4.700
4,S00
1,900
4,700
13 5-»2
500
13 3-16
800
200
X
12
13X
1,1110
13X
200
1,900
1.800
13S
1,-CIO
13 17-32
13 21-32
IS ll-l.
13 23-31
Mareh
April
IIH
May
wx
13 5-32
13 13-31
June
'IS 21-32
July
13 2.J-32
August
426
Bales spot
Bales tnture... 46.900
260
23,100
Gold
113.!<
111
4.81
4.
Bxl:bange..
..
13 1-16
13 5-16
13 17-32
13 23-32
SIX
.
12
12
13
13
13
1,.559,523
307,000
•395.000
321,000
63,000
121,750
188,750
ISS.OOO
182
OM
138,001
337,000
12 1,000
287,000
190.000
219,000
50.000
67,000
88,000
80,000
799,500
963.750
1,049,750
1,177,000
2,275,125
2,013,237
2,030,677
1,650,,523
Totalvlslbie supply. ...bales. 3,074,625
2,976,987
3.080.427
8.7.36.523
&c
—
13 9-15
13 19-32
13%
1,000
13;!^
13 29-32
13 16-16
13 15-32
200
100
600
200
100
13>4
13 17-31
6,900
For July.
the
Ga
12X
12 11-16
12*
IS 1-32
13 .3-32
13X
13X
13 3-16
13 15 32
13 11-16
13,700
13 13-16
391
21,500
i.«Jo
41.100
9-32
17-32
13M
13 5-16
13 15-32
13 '23-32
13 21-32
13 9-18
13 2;i-32
515
11
1U«
111^
V.4%
t.83K
«.8aM
4.33)4
4.34
4.01
l,8:i8
1.829
10,031
1,142
71,212
7,639
1,927
1,114
1.138
12,378
1,:131
3,910
12,249
24,545
108,277
327
332
888
639
962
813
2,017
2,M3
5.739
4,737
315
466
6,091
5,368
7,592
1.7H7
205
772
2,101
1,936
1„561
1,701
2,161
4,583
2,019
'.',873
2,983
38«
300
886
178
566
536
Total,
Total,
. .
6,688
212
326
41
381
401
55S
7,577
4,117
....
Mo
O
now ports
all
77
471
624
7.518
2,478
7,-304
1
1
!
877
386
436
139
4,182
1.623
791
27,275
14,244
2.311
10,383
1,360
231
1,165
3,606
9 040
894
24,234
85,174
72 700
80,166
42,1.35
4-1.102
195.596
82,415
1
Total Great Britain stock
Stock at Havre
Stock at Varseilles
Stock at Barcelona
Stock at Hamburg
Stock at Bremen
1875.
652,000
1874.
1873.
733,000
5S8,000
180,750
188,750
183,000
922,000
802,750
921,750
770,000
226.500
114,750
143,250
189,000
4,600
8,760
11,000
13,000
72,000
66,750
38,000
60,000
20,600
10,760-
80,000
30,000
46,600
32,250
32,250
43,008
61,086
169,302
totals
—
Bombay Shipments. According to our cable despatch received
to-day, there have been 13,00(1 bales shipped from Bombay to (ireat
Britain the past week, and 4,000 bales to the Continent ; while the
receipts at Bombay during this week have been 37,000 bales.
The movement since the Isl of January is as follows. These are
the figures of W. Nicol & Co., of Bombay, and are brought
down to Thursday, March 3
Receipts.
^Shipments this week^ r-Shlpments since Jan. 1^
Since
This
ConGreat
ConGreat
jan. 1.
Britain, tment.
Total,
week.
Britain, tlnent. Total.
:
1876
1875
1874
13,000
30.000
15,000
4,000
4,000
14,000
17,000
34,000
29.000
65,000
182,000
131,000
60 0)0
76,000
61.000
125.000
2,)8,(K)0
196,000
—
27,000
49,000
51,000
181,000
3i)0,0l»
283,000
the foregoing it would appear that, compared with last
is a decrease of 17,000 bales this year in the week's
shipments from Bombay to Europe, and that the total movement
since January 1 shows a decrease in shipments of 133,0011 bale*
compared witn the corresponding period of 1875.
From
year, there
only
63,000
2:1,911
48.456
year.
The Visible Supplt of Cotton, as made up by cable and
telegraph, is as follows. The continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to night (March 3), we add the item of e'tports
from the United States, including in it the exports of Friday
1876.
859,000
1S006
show that the old interior stocks have
week 3,077 bales, and are to-night 14,619
same period last year.
The receipts at
same towns have been 5,603 bales more than the same week last
Misprinted last week.
Stock at Liverpool
Stock at London
606
26,455
actual count.
>
•
864
1,752
367
1,334
1,010
decreased during the
bales more than at the
13K
573
20,300
2,796
1,252
819
512
739
6,463
122,896
Cincinnati,
12»
979
23,000
111
4.18
19,928
By
12 31-32
1.9?2
17,851
The above
12X
13.780
9,360
*5,142
8.439
Total, old ports.
:
12 21-32
1875
Nashville, Tenn....
St. Louis,
toUI Aug.
12X
6,
12,750
1,112
H
13 17-32
12 23-32
ending Mar.
Memphis, Tenn ....
Ga
Atlanta. Ga
Rome, Ga
Charlotte, N.C
14 1-32
12 7-16
Week
Receipts. Shipments. Stock.
14,536
10,153
7,582
3,679
4,740
62,587
15,060
Griffin,
13S1-32
12%
1876.
838
670
Bufaula. Ala
m%
12X
3,
2,199
1,517
2,472
1,552
377
Colnmbus, Mies
13 15-32
week
Mar.
....
Macon Ga
Montgomery, Ala
Vicksb'g, Miss
800
i-:6
375,000
187,500
Texas
.Teflferson, Texas
Shreveport, La
For August.
1,100
100
23-32
Ac-
Dallas,
July.
14,600 total
600
50O
600
12%
l<%
ViH
2,030,677
1,1.-2
:
12 1-16
2,0 13, 2.37
.
foUowinfif will show spot quotations and the closing prices
bid for futures at the several dates named
MTDW.I«G TTPLiNDB— AMKEIOAN OLASBIPIOATION.
Sat.
Mod.
Tues.
Wed.
Thurs.
Fri.
Fri.
12 17-32
9,000
baleB.2,275,125
Augusta,
The
12%
I2h
25,300
Columbus, Ga
13 Ii-16
13 27-32
13 13-32
The following exchange has been made during
February
7,000
13^
JBO
900
— pd. to excli. 5U0 June tor August.
On spot
103,029
21,000
13 25-32
1,M0
1,100
2,200
1.200
131,63 J
|
13X
1.2U0
100
2,100
100
17,400 total .lune.
13X
108,277
Week en ding
13 21-32
13 11-16
13 23-ae
ISii
13 9.3i
13 5-16
13 11-32
13 1-16
13 3-32
2,6t'0
900
300
May.
4.70O
1,100
2.800
l.Vlfc
515,494
122,89ii
Receipts. Shipments. Stock.
ct^.
13 9.16
IS 19 32
1,800
1,200
Cor June.
12 29-82
U
bales.
cts.
IS 7-32
3,'JOO
31,900 total April.
ny.
70O
.12V
.
2,200
2,300
S,1U0
2.100
2,800
2.300
2,100
4.00O
200
200 8. n. lBt..l2Ji,
S0ils.n.4lh...l.!j4
100 s. n. 20
.12S
800
12 13-32
200
lOU s.n.eiti
,
521,000
767,017
statement:
bales.
i,.W
.587,000
7.!6,960
At the Intkkior Ports the movement tliat is the receipts
and shipments for the week and stock to-night, and for the
corresponding week of 1875 —.is set out in detail in the following
2,500 bales.
..13 ii-Si
.12 11-16
..12 23-31
8.20J,,
11-31
11-32
11-31
11-32
SuOs.n
ct».
3,100..
&59,000
778 229
with 1873.
free on board)
For forward delivery the sales (including
have reached during the week 14S,700 bales (all middling or oh
the basis of middling), and the following is a statement of the
sales and prices
bales.
500
595,000
«
7%(a3d. J^&iy.i. 9%mH<i.
These figures indicate an increas', in the cotton in sight to-night
of 97,638 bales as compared with the same date of 187.5, a
decrease of 5,803 bales as compared with the corresponding
date ot 1874, and an increase of 338,103 bales as compared
LOW MldGood
Ord'ry Ord'ry. Mldl-g. Idling.
rotai.
116,000
Price Middling Uplands. Liverp'l. 6 1-I6d,
:
GlasBlflcation. Exp't.
835,000
191,000
price of
rat'jKo.
SA-htCH
3.33,000
127.000
Total East India,
Total American
IJ 13-16
Below we irive ttie sales ot spot and transit cotton and
Uplands Ski this market each dav of the past week
375,000
271,000
India afloat for Europe
Egypt, Brazil, &c., adoat
BTAINED.
Strict
4i4,000
Continental stocks
American aHoat to Europe
Total American
Bast Indian, Brazil,
Liverpool stock
London stock
Continental stocks
a...
U 13-:60....
MX a....
ISK
13X
13s
—
Liverpool stock
United 8 tales stock
United States interior stocks
United States exports to-d«y
9 1-16 ®...
9 13-16®....
9 15-.l6a...
10 ii-itka ... 10 11-16®...
11 7-18 a...
11 7-16 a...
12 1-16 a.... 12 1-16 a...
12 9-16 @.... 12 9-16 @...
l;.-l'@...
le
..
1.1X
» 1-16
9 !-;6 ®...
» is-i<i(a ..
1
..
Total visible supply.
.l)alea..3,074,625
2,916,987
3,080,427
2,736,523
or the above, tiie totals or American and other de!«crlptions are as Toliows
Texai
Orleans.
9 1-it a...
9 15.16a...
9-16
..
11 5-16 ®...
11 13-16®-..
12 5-;o @...
M
LowMlddllne
Strict
Alabama.
UplandB.
per
Ordinary
Strict Ordinary
aood Ordinary
strict Good Ordinary
Total continental ports
:
New
1876.
4,
Stock at Amsterdam
stronger
are the closing quotations
.
Messrs. Nicol & Co. cable that their estimate of the total
exports of cotton to Europe, from the ports of Bombay and
Carwar, to the 30th of June, is 950,000 bales, against 1,128,000
bales last year.
—
<
Weather Kepokts bt Tklkgkaph. There appears to have
been a very considerable improvement in the weather this week.
Very much less rain has fallen, and in most sections the prepara.
Oi
tions for the next crop have made satisfactory progress.
—
:
March
4,
THE GHB0N1GL&
1876.J
oonrse, the low prices furnish much less iDducemeot to planters
to put in cotton, and tlio natural inclination now is almost every,
where towards a derreasod acreage. Whether, however, later
on, in view of the very small returns breadstuflFs projiisn, they
will not give to this staple about the game amount of land as last
year, is a problem which the future alone can solve; still, in
some portions of the Atlantic States, the poor yield, together with
the low prices, have loft the farmers in such a position financially
that it would seem to be a necessity with them to shorten culti
ration.
Oalvetton. Texas.
have had one showery day this week.
Farm operations are progressing. Corn has already been planted
in the coast section and now is being planted in the up country.
The weather generally has been favorable. The rainfall this
week ha.'i been eleven hundredths of an inch, and the thermometer has averaged 64, the highest being 76 and the lowest 55,
The rainfall for the month ha.'i been four inches and seventy-nine
hundredths of an inch.
Indianola. Texas.
It has been dry and warm all the week. and
planting is making good progress.
The thermometer has aver-
—We
aged 66, the highest beiiijf 7!) and the lowest 54. Thn rainfall
for the month has reached two inches and sixteen hundredths of
an inch.
Corsicana, Texas. There has been rain here this week, and the
weather lias, been favorable for farm work.
Corn is being
planted now, but no cotton as yet. The thermotneter has averaged 67, the highest being 74 and the lowest l)«ing 39. The
rainfall for the month has reached one inch and ninety seven
hundredths,
Dallas, Texas.
We have had good weather no rain, and corn
—
—
We
^Mrh.
New
Orleans.. Belowblgh-watcr
Momphir.
Nuhvlllc.
Above low-water
.
—
—
—
—
—
—
—
was
was
53, the highest 03,
hundredths of an inch. The average thermometer
and the lowest 39.
Mobile, Alabama. The early part of the week we had one
rainy day, the ninfall reaching eleven hundredths of an inch,
but the latter part has been clear and pleasant. The thermometer bus avoracred 60, the highest being 75, and the lowest 41.
During the past mouth the rainfall has reached a total of four
inches and iliirty-two hundredths.
Montgonury, Alabama. We have had two rainy days the past
week, but the remaining five days have been pleasant. The
thermometer has averaged 58, the extremes being 37 and 75.
The rainfall during the week was twenty hundredths of an inch,
and during the mouth, two inches.
Helma, Alabama. With the exception of one rainy day, the
weather the past week has been pleasant, the rainfall reacliing
nineteen hundredths of an inch and the thermometer averaging 57.
Madison. Florida. AVe had one rainy day this wee"k, the rain
fall reaching eighty hundredths of an inch.
The thermometer
hag averaged .59, the highest being 74 and the lowest 44.
Macon, Georgia. There was rain at this place two days during
the week. The thermometer during the same time has averaged
55, the highest being 76 and the lowest 32.
Atlanta, Oeorgia.
There were two showery days here during
the week, the rainfall reacliing sixty six hundredths of an
inch Tlie thermometer has averaged 54, the highest beinjj 70
and tlie lowest 40. Total rainfall during the month, five inches
and thirty-seven hundredths.
Oolumbus, Georgia. It was showery one day this week, the
rainfall reaching thirty-five humlredthsof an inch. Total rainfall
for the month, three inches and two hundredths.
Average thermometer during the week 57, highest 73 and lowest 30.
aavamiah, Georgia. We had rain on one day of the past week,
the rest of the week being clear anil pleasant.
Average thermometer during the week 61, highest 79 and lowest '40. The
rainfall for the week was seven hundredths of an inch.
Total
rainfall fur the month, two inches and twenty-one hundredths.
Augusta, Georgia. There has been light rain here on three
days, the rainfall reaching thirteen hundredths of an inch, but
the rest of the week was pleasant. Average thermometer, 57
highest, 77
lowest, 35.
Total rainfall for the month, two
inches and ninetj-eight hundredths.
five
—
—
—
—
—
—
—
—
—
;
"
mark
mark......
..
J
Shreviiport. ...Above low-waicr
^Mch.
~T«-,
^, "75.-.
Feet.
4
t9
Inch.
F#et.
Inata
1
10
ij
T
«
XS
MlialDs.
IT
<
3
It)
.Above Idw-waU-r mark
mark
«
VicksburK... Above low-water mark
T
»
18
Memphis i'otton llECEtPTs and Shipmbnts.— We have had
some inquiry with regard to the sources of the large cotton
receipts this year at Memphis, and have, therefore, obtalnad,
through the kindness of Mr. John 8. Toof, Huperlntendent of the
Exchange, the following statement
:
RBCRirTH AT HEMrUIH.
„
Week ciid'g Feb. JS-^
BlocoSept.
.
1.
—
Whince Keceived.
ThiaYear. LaatYear. ThIaTear. LaatT'r.
Memphis & Charleston RR
a,».M
1.J&8
M.IW
«.»rT
MisBisKlppi ATcniieBBceRR.
I.0«
8,(M0
U.tST
47,10!
LonlBv. iNonhv,. AGt. Sooth.REa 1,3S1
Ml
a7,«il
tJ.781
Memphis & Little Rock HR
»,III9
185
M,om
M.MT
Paducah * Memphis KR
293
117
ll.Wt
7,483
M'aslsslppl River
|,i)8I
WhIteRiver
51M
»is
Frauci" River
Arkansas River
agoDs
W
and other sources
Total
1.W7
««,0»7
M.llT
«,M4
sjg
lili,V^
j.-ug
1,081
Jn
9W
18,1>TI
TOJ
400
5i,>i«3
i.jjj
11.018
87,880
6,616
3M,«7«
2St,4B3
St.
11,770
SaiPMENTS FnOM MCHPBIS.
;
planting is making satisfactory progress.
The supposition is
that tlie cotton planting is likely to show a small increase upon
last year, but the grain planting will show a large increase.
The thermometer has averaged 56, the highest being 66 and the
lowest being 34. The rainfall for the month has been three
inches and five hundredths.
JV(8t« Orleans, Louisiana.
There has been no rain here this week.
The thermometer has averaged 60. The rainfall during the past
month has aggregated ten inches and thirty-three hundredths.
bhreveport, Louisiana. Tlie weather the past week has been
fine and there was no rainfall.
The thermometer has ranged
from 37 to 80, averaging 60. Receipts the past week were large.
Planters are now busy plowing, and it is believed that they will
raise more grain and less cotton tliis year than last.
I^ieksburff, MissiMippi.
There has been no rain here during
the week, and plowing has been generally commenced. The
thermometer has averaged 58, the highest being 68 and the
lowest 47.
Columbus, Mississippi. The weather here the past week has
been cold and dry, the thermometer averaging 61, and ranging
from 48 to 76.
Liltle Rock, Arkansas.
Three days were cloudy this week,
with a slight shower Wednesday night, the rainfall reaching ten
hundredths of an inch. Average thermometer 54, highest 75
and lowest .'54. Farmers are fast preparing for planting.
Nashville, 'J enriessee.
The weather the past week has been
cold and dry, there having been two rainy days and a rainfall of
fifty-iliree hundredths of an inch, while the thermometer has
ranged from 43 to 63.
Memphis, Tennessee. There was one rainy day here the past
week, but the remaining six days were all pleasant. The rain-
;
287
Charleston, South Carolina.—Out telegram from Charleaton hat
not been received.
The following statement we have also re<»ived by telegraph
showintr tlie height of the rivers at the points named at 3 o'clock
March 3.
give last year's figures (March 5, 1875) for eomparison.
—
fall
:.,
—
^Week end's
Route.
& Charleston
Memphis
This Year.
RR
Loulsv. &NaehT.. *Gt. South.
Mississippi « Tennessee RR
8,«4J
4,^91
!»l
S,«07
1,1*1
3,^a4
4,610
1.442
8,813
10,8«
11,1)09
RRs
Steamers Nonh
Steamers South
Total
Fcb.25-,
Since SapLl.
List Year. This Year. LaitY'r.
7S.091
M,88S
.
1«,»«1
18.111
H.Xb
K.ift
.!»,S99
fl0,7H
51,083
80,ISt
830,«a5
M«,875
same conn-ctioo, the following from the Memphis
Avalanche will be of interest, showing the value of importations
of cotton and (general merchandise into Memphis, for the year
In
the
ending Dec. 31
:
VALUE OF IMPORTATIONS.
1S7.5.
.
Cotton
General merchandise
,
$
BHlen.
391,606
S5.447,SM
391,.Wi
69,701,'1»
—1874.
,
34.000,000
426,676
78,016,867
44,354,:9i
Total
,
(
Ba'es.
4««,616
.19,016,867
According to this statement, there has been an increase in the
value of merchandise imported during the year 1875 of $5,237,327,
and a decrease in value of cot'.on (owing chiefly to the decreased
price) of $8,5.'J3,175.
Gunny Bags, B.vggino, &o.— Bagging during the past week
has ruled very quiet, and but few sales are making. Buyers and
sellers, as a rule, ar« ^ to fc. apart in their views as to price, and,
while holders are quoting 12J@13}c., those in want will not offer
more than r3c., and the market closes weak. Bales are quiet at
9@9ic. for India and VHtc. for Borneo. Bags continue dull, and,
prices rule nominal at 13ic. for 440s.
The demand for butts for
spot lots since our last has been light, and prices were quoted at
arrive,
fair sales have been made, in
3f@3ic. as to quality. To
all, several thousand bales being disposed of, mostly for February and March shipment, at 3^c. gold. At the c'ose, the feeling among holders is firmer, and most parties are holding January
and February shipments at 3fc., gold.
LivBRPOOL, March 3.-2:30 P. M. By CABtK from LitbiiPOOL.— Estimated sales of the day were 10,000 bales, of which
Of to-day's sales
3,000 bales were for export and speculation.
7,000 bales were imericaa.
The weekly inovenieat is Kiven
,
,
•
loUowg
Feb.
Salesof
thewoek
balea.
66,000
88,000
Forwarded
Salea Ainericin
of which oxportorK took
of which speculators took
ToUlstock...
of which American
Total Import of the week
of which American
AmountaBoat
of which American
The following table
Spot.
will
Satur.
do Orl'na.
Futures.
..@«X
28,000
33,000
6.(m
8|.J,000
.'i.OOO
484,000
184.000
98.000
4,000
131,000
87,000
5,000
318,000
-lUOOO
000
217,000
Feb.
M.
.V.OOO
IS.OOO
3i,00i
7,000
4.000
83S,000
479,000
fiO.OOO
40,000
11,000
367.000
278,OJ0
M'chS.
M.OOO
17,000
35,000
6,000
6,000
8M,000
484,000
84,000
48,000
6,000
3S5.0OO
898,0CO
show the dally clostni; prices of cotton for tae week
Fn.
Thnra.
Mon.
Tiies.
Wodnes.
as^i
.&'> 7-16
.
18,
.^;,000
.\0(>0
Jt>5
..!»« 3-16
Feb
5,000
793,000
4.1J.0OO
Actual export
Mid. ifpi'ds.
11.
..ma
@8
1-16 .."^O 1-16 ..(96 1-16
.
.-©SJi
..©OX
..di6 7-16 ..a6>»'
Saturdat.— lanuiry shipment, Up'ands, low Mid.
clause, by sail, 6 3-16d.
Low Mid. clan-e. 6 l-3id.
Low
clause,
delivery,
Up^ftuds,
Mid.
May-.Juiie
6i^d.
Juiie-Juiv delivery. l'i>Iand.», Low Mid. clause, b 5-16d.
JuQe-July delivery, from Mobile, O^d
June-July d-^llvery. Ui>lands, Low Mid. clause. 6 9-3ad.
March-April shipment. Uplands, Low Mid. claiii<c. by sail, 6 7-8 3d.
Monday.— January nhipmeiit. Mobile. Low Mid. cluuse, by aall. 6 3-16d.
June-.lulv delivery. Uplands, Low Mid. clause, t»la'd.
Januify shiptnent". Upland'', Low Mid. clause, 6.Hd.
Mny-lune dillvery. Upland*. Low Mid clau-e. 6 S-16d.
•lauuary sUipmoul, Mobile. Low Mid. cIhusc, by sail. 6 i-?2d.
June-July delivery. New Orleanr*. Low .M:d. clause. ti^A.
March-April delivery, Uplands,
Feb -Mnrch Hhipmunt, Uplands, Low Mid.
claniM-. by sail, 6X*.
March-April delivery. Uplands, Low Mid. cinuec, 6d.
rhipmeni. Uplands, Low Mid. cl nsc, by sail, (S-Sad.
Janusrv shipment. Mobile. Low Mid- clause, br sail, K>id.
May-June ilclivery, Ui>la id-. Low Mid. riahsc, 6 3-ll)d.
June-.luly delivery. Uplands, Low Mid. clause, 6Vd.
January ihl|>roent. Uplands, Low Mid. clause, by s» II, 6 l-16d.
May-June delivery, Uplandu, Low Mid. clause, 6)(d.
Jan. -Feb. shipmeut. Uplands, Low Mid. clause, by ssll, 6 M6d,
April-May delivery. Uplands, Low M'd. clause, 6 3-34d.
June-July delivery. Uplands, Lew Mid. clause, 6 7-SSd.
March- AprU delivery, Uplandi, Low Mid, cUuse. 6 31-81d.
ToMDAT.—January
..
>THE CHRONICLE.
238
TexAs— To
F'utares.
Wkdnksdat.— March-April
New
March
Feb.
Feb.
18.
23.
1.
4,58.)
8,087
6,157
Liverpool
9,635
Other BritlBh Porte
Savannah
Texas
Wilmlr'gton
Boston
ToUl
9,625
4,083
8,087
6
150
5
150
period
prev'us
year.
258,993
1,684
211,618
6,327
360,577
214,618
1,915
4,951
Other French ports
f'ota.1 Prfincli.
Bremen and Hanover
100
Hamburg
100
4 'i5\
20,059
8,874
....
373
8,308
31,0'J9
13,846
15,634
1,950
397
373
8,853
49,532
31,430
12
4t9
10
'897
Total to N. Europe.
1,915
500
50
epain,Oporto&aibraltarJ;c
All others
12
Total Spain, &c
Orand Total
The following are the
421
10
312,415
260,809
13
9,730
5,f80
8.622
15,085
receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the last week, and since Sept. 1, '75:
HEW TOBK.
philadbi,f'ia
BALTIHOBB.
This Since This Since
week. Septl. week. Sept.].
This Since
week. Septl
BOSTON.
BOK'TSmOllThis
week.
Orleans..
Texas
Bavannah
Mobile
Florida
8'th Carolina
Since
Sept.
1.
861
95,104
53,942
70,330
"79
6',668
6,193
1,-359
1.116
76,256
39,949
157,185
7,320
156.S01
1,500
N'th Carolina.
303
Virginia
North' rn Ports
1,473
Tennessee, &c
Foreign
9,101
Total this year
20,795
66 ',745
Tatal last year.
ao.oit
.'90,64lll
3)0
3.C88
1,442
10,351
6,271
17,843
1,592
42}
'133
12;99u
1,017
2,024
46;973
58,355
50,490
iiirai
"iO!
l',2i6
l,2:is
lioii
9,0,51
496
18,19ii
7.J5
48,456
65
27
65
4,4o9
91,618
i".i68
a4',i58
8,923' 191,095
1,241
37,570
2,490
8,967!l99,694
1.774
42,876
8,433! 9.',850
4
Shipping News. —The fjxporta of C otton from the IInited
States the p ast wee k, as p er lute St
retu rns, h ave re ached
I
So far as the Southern ports are concerned, these
103,778 bales.
are the 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.
.^otal
mm
Kbw
bales.
York— To
Liverpool, per steamers Ensland, 816... Russia, 90
Baltic, 1,763. ...City of Richmond, 724, ...Idaho, 508.... Othello,
via Hull, 4
per ship Edith Warren, 8,262
To Hull, per steamer Othello, 40
To Bremen, per steamer Sailer, 600
To Hamburg, per steamer Herder, tO
To Rotterdam, per steamer P, Caland, 741
To Reval, per ship Bessie Crosby, 3,400
40
500
60
15,oa5
88.043
13,717
1,!«0
15.275
10,541
9,9m
480
1,639
5i0
110
110
1,800 16,158
Below we give
all
vessels carrying cotton
8,160
7,636
New York 40
1,160 103,778
2,907
4,600
bales to Hull, 50 bales to
news received to date of
from United States ports
disasters, &c., to
:
str. (Br.l, from Mabile for Livo'poo', before reported as having
arrived bilow Norfolk with loss of rudder and rudder-post, will probably have to be towed to Philadelphia or New York for repairs, as the
vessel is too long for the dry dock at the Gosport Navy Yard.
Herdeu, str, (Ger,)— The holler tovering of one of the boilers of the steamship Herder, Brandt, for Hamburg, caught lire while the vessel lay
alongside of her dock at Iloboken, Feb. 21, ready for sea. Water was
at once poured on the external covering of the boilers ; smoke being
discovered in an adjoining compartment, water was also poured Into it,
damaging about 75 bags clover seed. Tho.steamcr was detained until
the 25th, clearing the bar, Sandy Hook, at 7:40 P. M.
Montana, str., from New York, anchored in the Mersey Feb. 22, was run into
by a ferryboat and slightly injured.
Pennsylvania, str., from Philadelphia for Live-pool, is reported to have
grounded at-out 2:30 P, M., Feb. 24. in the Bight of Newcastle, Del., aud
remained until morning of Feb. 33. The tug North America was despatched from Philadelphia to her assistance. [Another dispatch says
the Pennsylvania was detsined by want of water near Bulkhead Shoal,
AusTBALiAN,
but passecf down at 11:05 A. M., 26th. She had no assistance. The P.
passed out from the Breakwater at 3 P. M.. same d'ly.]
Jdventa, ship (Br.), Frann, from New Orleans for Liverpool, remained at
Key West, Feb. 24, reloading.
Beltiste. bark (Br.), from Ch.'irlcston, at Liverpool Feb. 17, had lower gudgeon
carried away and started middle gudgeon, during a gale Feb. 6 she was
making a little water on arrival.
Jesse Goodwin, hark (Br.), Bell, now on her passage from Galveston to Fleetwood, took Are while lying in the outer roads at Galveston, just previous
to her departure (Jan, 5), The lighters. Star and Matamoras, rendered
\aluob;e assistance, and the ha'k was saved from deslruction. The
officers and crews of the lighters instituted suit in the U. S. District
Court for salvage, and the case was being tried Feb. 19.
Maypo, bark (Sp,), Font, from New Orleans for Barcelona, put into Havana
Feb. 19 lor water.
Feb. 23 in cotton stored in the
Rachel Blackwood.— A fire occurred A.
deck cabin of the bark Rachel Blackwood (Br.), for Liverpool, ready for
Three bales were charred and four wet;
sea at Charleston, S. C.
they were landed, and will not be re shipped. No further damage to
;
M
vessel or cargo.
L. Whitton, fchr.. Rich, from Mobile, Jan. 28, for Barcelona, which
put into Norfolk, Va., Feb. 14, leaky, has been overhauled, part of her
cargo discliarged, the leak found in the centreboard box and stopped
without ihe vessel going into dock. She will reload her cargo and proceed on her voyage at once.
Lottie, schr.. Speed, from Mobile, 30 days out, for Bath, Me., put into Dutch
Island, Feb. 29, badly iced up and crew frost-bitten. She struck botiom
in entering, but got oft' without damage.
Osceola, steamboat, from St. Franci- River for Memphis, with 300 bales
cotton, struck a snag at Peter's Lauding, 40 miles below Memphis, en
Sunday night, and sunk in eight feet cf water. No lives were lost. The
col ton will be saved in a damaged condition.
A flreat Vicksburg, Miss,, 27th ult., 2:30 P. M,, destroyed str, Mary Belle
Harry
(owned by J, Frank Hicks and Alf Grissol), taking on cotton below Ihe
elevator, with over 5,000 bales of cotton. Steamer valued at $90,000;
insured $30,000 In Western ofllces. Cargo uninsured.
Bothnia— SoDTHAMPTON, Thursday, March 2— The British steamer Bothnia,
Capt. Scarlett, from New Orleans, Feb. 2, for Liverpool, was burned at
sea on the 15th. The crew were saved, and have arrived at this port.
(The Bothnia was an iron steamer, built at Newcastle-on-Tyne in 1871,
and owned by Nelson & Co,, of London, .she measured 1,323 tons, and
was 247 feet 6 inches long by 32 feet broad. Her engines were compound, and of considerable power. She was laden with cotton aud an
assorted cargo. It is stated that both the steamer aud her cargo were
insured altogether in Europe.
Cotton freights the past week have been as follows
Liverpool .-
r-
Steam,
Sail,
d.
d.
Saturday.
Monday.
.
. .
..
.
®«
..@X
^
:
— Havre. — —Bremen.
.
,
Steam.
Sail,
c.
c.
r
Steam.
Sail.
c.
?^comp,
^corap.
Jicomp.
J^comp.
?4Comp.
..®'4
Wednesday
.-®Ji
^comp.
Xcorai).
Thursday..
Friday. ...
..OX
Kcorap.
^corap.
Jicomp.
Jicomp.
Jicomp.
JJcomp.
5»comp.
'^comp.
Jjcomp.
TJcomp.
BRE ADSTUFPS.
741
2,448... Prince
Edward, 2,600 and 1 Sea Islar.d... .Cordova, 2,239... per ship
Belgravia, 3,991 .. per barks Arica, 1,910 ...Laniret, 1,688, ..
Liverpool, 2,252..., Wild Hunter, 2,754..., Bremen, 2,318. ...Bel
Stewart, 1,893. ...Sator, 1,232
25,254
To Havre, per ship Reims, 2,051 ...per barks James B. Duffus,
2,282. ...FrancescaT., 2,289
7.613
To Bremen, per ship Tros, 2,016
2,016
....
....
....
....
520
Included In the above totals are, from
741 bales to Rotterdam.
4,660
2,907
To Cronstadt, per ship. Robeira, 2,907
New Orlbans—To Liverpool, per steamers Wimbledon,
2,907
Hamburg and
per bark John Johnson,
2,260
4,660
....
3,160
2,0i6
7,613
6,545
8,000
480
65,476
Tuesday.
6,187
1,800
1,6.39
Philadelphia
San Francisco....
40
100
Toital to Gt. Britain
date.
4,40J
7,338
9,003
10,541
Charleston
total
500
6,187
25,2,i4
Mobile
Same
9.
no
103,778
New York
New Orleans
WEEK EMDINa
Feb.
620
The particulars of these ahipments, arranged in our usual form,
are as follows
Cron- BalMc
Bre- AmsterLiverdam. Reval. stadt, port. Total.
pool. Cork. Havre, men.
Yoric since Sept. I. 1815
Total
to
480
1,S39
Total
column the
ZlTOBTID TO
10,541
—
York, this week, show an
increase, as compared with last week, the total reaching 15,085
bales, against 8,622 bales last week.
Below we give our usual
table showing the exports of cotton frona New York, and their
direction, for each of the last four weeks; also the total exports
Bxport* o( CottouCbales) from
Liverpool, per ships Lancaster, 4.339 .. Sultana, 1,905 and
..per barks Maggie, 1,462... Nlord, 1,020.. .Algeria,
,
The Bxpokts of Cotton from New
direction since Sept. 1, 1875; and in the last
for the same period of the previous year.
1876.
4,
Wilmington— To Liverpool, per bark Nancy Holt, 430
Alias, 183
Boston—To Liverpool, per steamers Ontario, 1,456
Philadelphia— To Liverpool, per steamer Pennsylvania. 520
San Fbancisco—To Liverpool, per ship Vernon, 110 (foreign)
—
and
March
I
4 Sea Island.
1,811.
delivery, Uplands, !i%A.
March-April delivery. Uplands, Low Mid. clause, 5 15-I6d.
March-April shipment. Uplands, Low Mid. clause, by sail, C>id.
April-May delivery, Uplands, Low Mid. clause, (i 1-Md.
M^y-June delivery, Uplands, Low Mid. clause. 6)id.
June-July delivery, Uplands, Low Mid. clause, 6 7-32d.
Feb. -March shipment. Uplands. Low Mid. clause, by sail, 6 l-16d.
March delivtry, Uplands, Low Mid. clause, 5 29-3ad.
April -May delivery, Uulands, Low Mid. clause, 6d.
June-July delivery. Uplands, Low Mid. clause, 8 a-16d.
February shipment. Uplands, Low Mid. clause, by sail, 6 M6d.
Feb.-March shipment. Uplands, Low Mid. clause, by sail, 6 l-3id.
THrBSDAT— April-May delivery. Uplands, Low Mid. clause, 6 l-32d.
May-June delivery, Uplands, Low Mid. clause, 6>id.
March delivery. Uplands, Low Mid. clause, 5 13 16d.
March delivery. Uplands, 5 27-32d,
June-.luly delivery. Uplands, Low Mid. clause, 6 7-33d.
.Fbidat. March delivery, Uplands, Low Mid. clause, 6 l-32d.
April-May delivery. Uplands, Low Mid. clause, 6 3-32d.
•fune-July delivery, Uplands, Low Mid. clause, f> 5-18<S6 ll-32d.
March-April delivery, Uplands, Low Mid. clause, 6 l-16d.
May-June delivery. Uplands, Low Mid. clause, b)^@6 9-32d,
March-April delivery. Uplands, Low Mid. clause. 6>^d.
April-May delivery, Uplands, Low Mid. clause, 6 .3-16d.
May-June delivery. Uplands, Low Mid. clause, 6 5-16d.
June-July delivery. Uplands, Low Mid. clause, 6%d.
New
-
:
Friday.
P. M.,
March
3,
1876
market has been generally inactive the past week and
prices have declined, especially for the low and medium grades,
of which the supply is more liberal, with receivers inclined to
There has been a considerable advance
press sales from wharf.
in gold, but it has been fully offset by the depression in foreigQ
The
flour
To Amsterdam, per bark Martha A. McNeil, .3,160
3460 markets. Supplies of iiour are large for the season at all points,
Mobile—T» Liverpool, per ship Ben Nevis, 4,402
4,402
ToCorkor Falmouth, per bark Sea Crest, !,800
and holders are not very confident respecting the course ot prices
1,800
To Havre, per ship N. and 15. Gardner, 4.B07 ...per bark Henne
in the early future. To-day, the market was dull and heavy.
Selmer, 402,. .per schooner Wclaka, 1,336
6,545
Cbableston— To Liverpool, 'per ships H. W, Workman, 3,015 Upland
There has been a feverish, irregular, and, on the whole, a dull
and S99 Sea Island
-fames Duncan, 2,089 Upland.
per bark
Charlotte Geddie. 1.905 Upland
markeL for wheat the past week, with a moderate export demand.
7,,338
.
To Havre,
per bark Charles, J.OOO Upland
Savannah— To Liveroool, per ships Shelbourne, 3,927 Upland aud 64
Soa Island
ILL. Richardson, 5,014 Upland
To Bremen, per steamer Baltimore. 6,110 Upland
To a Baltic port, per bark Robert, 1,160 Upland
2,000
In the course of Saturday and
9.0O5
6 110
1,160
paid
;
tions.
but in the past few days
it
Monday very
has been
full prices
were
difficult to, fix quota-
Regular grades were almost wholly neglected.
Specula-
:
:
MaicU
THE GHRONICLEI
1876.]
4,
:
.
tlon ia a good deal discouraged by tbe large Btocks wUicli
spring wl^eat
have
of
reported to be promiaing, and the weather has
ia
been very favorable in portiona of the apring-wheat aectiona to
the work of aowing.
drooping.
Tu-day, the market wag dull and pricei
The
however, is
more active for export, Bhippera being favored by the advance
which haa taken place in the premium on gold. The better (jualitlea
of
new corn
Previous week
Cor.
week
Total Jan.
now
are
in
little.
bnth.
close,
very Eue condition, and yeaterday the
mixed waa worth no
180.997
109.986
'75
1
Same time 1875
Same time 1871
Bametlmel873
l.'J28,S.'>2
1.889,734
1,150,294
Today
the market waa rather finnor and
new, and 68c. for old mixed.
and sold yesterday for export at 81c. Barley
haa been pressed on the market at lower and irregular prices.
Canada peas have declined to 96@98c. in bulk in bond.
Oata have declined about Ic. per bushel, and hare latterly been
aelling fairly at 44i@45c. for No. 3 and 47@i7ic. for No. 3 mixedTo-day, the market waa flat, with a load of No. 2 Chicago sold
active at 61ic.@G3c. for
Kye haa
declined,
at 45c., in store.
The following
are closing quotations
:»
Flodb.
No.J
Bapcrttno State
cm
&
»
bbl. i3
Weei-
Ma
Ubaim.
I
Whcat^-No.3 apring.basb.ll 06a
3 35
"-•-spring
."Jo.
.•Jo
8 8priii)»
1
15a 4 60
4 90^5 15
No.
1
I
4 S.'SQ 5 20
White
4
Bxtra State, *c.
Western Spring Wheal
oxtrae
doXXandXXX
XX
do winter wheat X and
City Bhipplng extras.. ..
City trade and family
5
30^6
Red Western
Amber do
..
1
Rye
Oats— Mixed
brands
6 263 8 00
White
Southern bakers' and faBarley— Canada West.
mily Brands
7 00^8 75
State, 2-rowtd
Sonthern shipp'g extras.
5 503 6 75
State. 4rowed
The movement
lows
65^ 4 90
3 -o,® 3 15
3 -103 8 50
4
BnrluyMalt- State
.
:i8
1
30
1
47
65
65
66
68
44(3
49
483 54
1 00® 1 25
75(3
90
.
95a
...
1
1
2:(a
OOtf
market has been ag
week.
Flonr, bbls.
O. meal, "
Wheat, bus.
Corn,
Rye,
"
KBW TORS.
1876.
.
For the
•
1
1
fol
BXP0BT8 FROM NBW TORK.
73,751
4,962
659,891
84,016
489,998
.
l,-|14,0<i3
.
1.55,712
4:i0,409
1,111,549
4,478,663
6,700
370,156
1,07;,491
2,584,792
21,372
.36,069
35,117
5,440
199,204
S6O,107
,
-1875.
1876.-
.
Since
Since
For the
Jan. 1. Jan. 1, '75. week.
For the
week.
Since
Jan. 1.
Since
Jan. 1.
a35,8Sl
28,970
894,1' 02
28,0,56
560
2,549,266
2,3S3,218
15,387
254,290
301,812
22,207
8,137.805
2,491,5:19
" .
274
8(J0
Barley. "
149.9I0
90
Oats..." . 204,0)4 1,073,548
,513
46,206
3,003
19,936
The following tables show the Grain in sight and the movement of Breadstuff's to the latest mail dates
'BBCBIPTS AT LAKE AND RIVKR PORTS FOR THK WBBK KNDIKG
FEB. 30, 187(j, AND FROM AUGUST 1, 1875, TO FEB. 36, 1876
.
:
Flour,
bbs.
At—
(196 lbs.)
22,650
33,313
Chicago...
Milwaukee
Toledo
600
Detroit
3,121
1,895*
19,977
8,225
Cleveland
St. Louis
Peoria
Duluth
Wheat,
bnsh,
(60
ll>s.)
210,5.^6
226,639
47,227
31,023
12.250
101,705
13,210
Corn.
bnsh.
(56 Ibf.)
Barley,
bueh.
Oats,
bush.
(32 lbs
)
618,202
26,870
162,937
8,052
198,832
34,150
8,183
9J50
19,300
105,777
84,003
466,855
1!)8,000
13,0:S6
Rye,
bnsh.
(48 lbs.) (56 lbs.)
65,3?5
9,858
26,130
4,.350
14,8)3
3,200
19,926
23,700
'428
350
6,813
13,460
....
Total
Previous week
Corrcsp'ng week,'75.
'74.
'73.
".a
•71.
ToUi Aug.
Same time
Same time
Same time
•
1
todate
Estimated.
Shipments of Flour and Grain from the
porta of Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St. Louis, Peoria and
Duluth for the week ended Feb. 26, and from Jan. 1 to Feb. 36,
inclusive, for four years
Flonr,
Week—
28, 1876
19, 1878
Cor.
Cor.
Cor.
Cor.
Cor.
week
week
week
week
week
Jan.
1
bbl?.
85,158
97.6S9
63.071
183,501
85,750
'75
'74
'73
'72
'71
Wh-at,
bush.
Corn,
bnsh.
Oats,
bnsh.
813,339
723,682
811i,967
8.53,8-16
191,871
402,211
111,627
45,470
205,678
227,166
135,436
110,081
165,400
47.363
;:i7,233
115,710
87,820
271,266
614,733
818,377
80.5,088
2,382,466
1,839,617
6,140,309
1,095,338
5,589,160
3,237,325
1,750,143
2,164,713
8.3,069
to Feb.13,1876.
1875
8»nin time 1874
Same time 1873
Same time
628,703
981,051
670,970
10.',229
52,784
1,367,073
1,301,809
l,i-8'l,000
1,482,051
Barley,
bush.
Kye,
hush.
60,4O->
20,750
22,900
11,850
11.800
11,643
3L615
2,540
06,599
4.3,629
71,089
81,735
62,817
11,577
511,510
418,002
;37,922
560,797
126;2.37
123,259
122,469
6S,006
AND QRAIN AT SBABOARD PORTS FOR THB
WEEK ENDED FEB. 36, 1876.
RB0BIPT8 OF FLOUR
„ At—
NewYork
Boston
Portland
Montreal
Philadelphia
Baltimore
New Orleans
Total
lM,<liO
141l.tW
1,180,4 8
(,l6l,n4
2,801,8M
2,B48,IM
4A3,36T
IO«,471
1,466,791
5.961,513
8,506,539
1M,9M
Bye
bu>b.
MIS
4,100
46,078
IMW
IMM
Si»,106
Montreal, 5,000 bash.
Thk Visible Bopplt of Grain,
comprising the itoek In
granary at tho principal points of accumulation at lake and
seaboard ports, in transit by rail, and frozen in on the New York
canals and on the lakes, Feb. 36, 1876
Kpw
In store at
York
[n storu at Albany
In stoic at BulTalo
In store at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
(store at Oswego*
In store at St. Louis
In store at Peoria
In store at Boston
In store at Toronto
In store at Montreal, Feb. 15..
[n store at Philadelphia*
In store at Baltimore*
Rail shipmenU week
On lakes and canals..
Afloat at New York
Total
Feb. 19, 1876
Feb.27. 1875
Wheat,
Com,
Uat<,
Barley,
bnsh.
bnsh.
bash.
bush.
781.829
75,000
415,791
216.000
104.890
470.134
182,011
4,781,912
8,600
1,301,188
8,149,973
3,904,851
78.852
418.958
ll.OOO
30,378
1,878.758
85,901
627,7.1«
308,859
158,470
150,000
481,053
12,816
85,000
715,675
85,181
81,421
15,S.<2
738
720,202
884,150
350.030
31,971
81S,ti39
tIAfiH
86,011
614,355
113,177
Bye,
bnsh.
90,750
30,400
18,771
146,.',85
19,9(H
....
1,471
48,748
460,000
897,981
723,682
120,000
iMS,lS}
165,018
18.000
106,417
109,818
216.878
81,259
.:..
5,000
117.631
8,500
19,681
18,7!;2
72,688
37,081
801,929
7,542
86,000
4,500
60.402
50,000
140.000
6,734
15,951
190,000
83,000
803.678
180,000
800,000
*5S
1,816
4,51X1
8,500
38,750
..17,034,222
5,866,351
3,226,314
2,151,206
431,297
17,Of9,460
18,181,111
5,378,921
6,853,214
.3.044.618
2,349,515
1,440,3«)
426,887
146,971
8,200,033
* Estimated
THE DRY aOODS TRADE.
3, 187«.
There has bean, this week, a moderate movement in both staple
and fancy goods from first hands, but transactions were in a
measure retarded by unfavorable weather, which caused buyers
from some sections of the country to defer their purchaaea of
spring goods. A break in prints, however, somewhat unsettled
the market, but this had been partly discounted by the trade, and
confidence in the maintenance of other values waa speedily
Weatern jobbera proceeded cautiously in thoir operafrom the South, Southwest and Northwest continued their purchases on a fairly liberal scale. The local and
near-by trade bought lightly, and seemed determined to await
restored.
tiona, but those
the development of a consumptive demand before laying In their
spring aupplies. In foreign goods the raovemBot continued alow,
and, while the distribution from importers' hands was compara.
lively light, large
quantitiea of
silks,
linen
good.**,
Hamburg
embroideries, &c., were disposed of through the auction rooms at
Th'e export trade in cotton goods progressed satiaand the leading commission houses received fair orders
The shipments of cotton goods for the week
for future delivery.
amounted to 1,476 packages, of which 678 packages were shipped
to Great Britain, 377 to Brazil, 281 to Smyrna, and the remainder
to other countries. The jobbing trade was rather more active, and
a fair number of buyers arrived in the market from remote parts
of the South and Southwest.
Domestic Cotton Goods. The feature of the market was a
reduction of jc. per yard on several leading makes of fancy
prints, including American, Bristol, Washington, Eddystone, etc.,
and Simpson's, Gloucester, Union, and Albion mourning prints
were reduced to 7c. Brown sheetings and drills moved steadily
at unchanged prices, and a few makes of fine browns are closely
sold up to receipts. Fine and medium bleached shirtings met
with moderate sales, and brown drills were in demand by the
home trade and for export. Tickings moved slowly and a reducDenims and
tion of i@lc. per yard w»? made on some makes.
colored ducks were in limited demand, and there waa a little
more animation in good styles of plaid cheviots. Stripes, checks
and osnaburgs moved slowly, but there was an improved demand
for the best styles of 'cottonades. Corset jeans and satteens were
in steady request and firm, and there was rather more doing in
grain bags, carpet-warps and twines. Print cloths remained
quiet, and prices were almost nominal at 4(34ic. for extra 64x6-'
makes. Ginghams wore a trille more active, and there waf *
low
figures.
factorily,
—
.
1874-5.. .
1873-4....
1872-3....
Feb.
Feb.
3«,(MIT
21H,08O
FainAT, P. M., March
25
40
20
1
;
-BBOBIPTS iX
bush.
t,0S8,»Sl
®
Canadian
Peaa-Csnada.bond&frce
in breadstuSsat this
11
25-
i
BO®
613
60®
823
.
Rye
flourj enperflne
"
Cornmeai- Western, 4c
Corn meal Br'wlne. 4c.
:
1
1403 155
Corn- West'nmlx'd, new
Yellow Western, new.
Southern new
75
5 25ia 8 75
5 25(8 6 00
1
183
803
10®
34@
BarUy,
Gals,
burh.
l,823,t4S
U7'J.4W
7,»88.4.'H)
best brought 08c.@C3ic., while the beat old
more than 67Jc.@C8c.
Corn,
buah.
J,.5H1,^-7 11,316,139
S. 4.34.660
U.20I,7M
880,107
316,712
lodatc. 1.(13,658
And Peas at
Indian corn haa changed but
Wheat,
Flour,
bbls.
Tbe growing crop
been carried tbrough tbe winter montbn.
239
Plour,
Wheat,
bbls.
bnsh.
65,.5S7
26,019
:8,;0B
S,0O0
21,210
17,301
14,IiS8
164,788
106,816
1,100
m.OOO
Com,
bush.
810,000
696,030
174,961
116,135
41,377
6,500
2,103
a5,100
8.710
50,496
1,719,507
303,408
S24,8,'iO
188,666
25,000
85,41)0
60.400
16,000
....
301,816
Oats,
bush.
Barley,
Rye,
bush. bush.
,18 546
480
16,600
SOO
IGO
.300
156,948
atyles
demand
of
—
4,'8()6
71,000
for plaid and striped cotton dress go^'f
which are sold ahead of production. C<^'
hosiery was distributed in liberal amounts on account of f^
orders, and ruled firm in price.
Domestic Woolen Good.?. The distribution of mewoolens from first hands was lesa active than was genf
pected by manufacturers' agents. The large clolhin&j^
tureiB bought very few spring goods, but placed
really goo.i
many
1,6
-
»
..
•
THE CHRONlCLfe
240
[March
4, 1876.
Kxporta ot IjeadlluK Articles from New York.
The following table, compiled from Custom House returns,
There was a moderate demand by jobbers and the (ine-clothing shows
(he exports of leading articles from the port of New
trade for small parcels of caiisimeres, suitings, and worsted coat- York since Jan. 1, 1878, to all the principal foreign countries,
ings of the newest styles, but low and medium grades of these and also the totals for the last week, and since Jan. 1. The
goods were almost neglected. Cloths and doeskins were less last two lines »how total ti(i2u««, including the value of all other
articles besides those mentioned in the table
active than when last reported upon, and selections were re6Q WOO »««• f* K
Satinets tor printing were in
stricted to very small lots of each.
WTO r^
fair demand, and there was a moderate movement in mixtures,
but blacks were almost neglected. Kentucky jeans were placed
5 W SS'^ »0!C
in fair quantities, and prices of the best makes have been steadily
-*" t- 3 *^ snzs!
:i -H
» »<?«
e* 01 o «• " —
maintained. Tweeds were less active than last week, but sales
S8 2
were made to a fair aggregate amount. Flannels were taken in O «
small lots for the renewal of assortments, but were not active.
r* .yfO .<!
WOOD — Q^«;-OiaiO>
s.
Carpets moved slowly, and a reduction of 10c. per yard was made
.-»oo
on the Brussels and Wilton carpets manufactured by the Cromp
ill
ton Curpet Company. Worsted dress goods continaed in steady
3 O 99 CD Ol •?
•tptOOO
5 — T-it-w«i-»o '^.-S
ilSSS ii iSfSSg
demand, and there was more inquiry by the trade for worsted
3£'
shawls, full lines ot which have been opened by the agents.
s
FoKBiON Dry Goods. The market for imported goods has
gfn* cpe
been quiet nitb importers and jobbers, but, owine to the light
-iPS^ ^O
:«;5
:S;
:S
<0
spring importations, and the high gold premium prices of the most
S g|
staple fabrics have been firmly maintained. Dress goods were in
*4
fair rt quest, but less active thanwould have been the case with
.m CO
:S :S
•OTTO
more spring-like weather. There was some pressure to sell
2fancy and colored silks, and large lines were ofiFered at auction,
where low prices were realized. Housekeeping and dress linens
.SJ
were in steady demand, but nhirting and clothing makes and
oteo
handkerchiefs ruled quiet. Hamburg embroideries, which are in
Colarge supply, were distributed in heavy amounts by the aucoo5iS5
tioneers at low prices. Black cloths and doeskins were a trifle
Ndii
more active, but other descriptions of woolen goods for men'j wear
continued sluggish. Ribbons and millinery silks were in improved request, and brought fair prices at auction. The best
r"p
:p
O ^^ O
K^
:2 -gSSSSSSSSSSS?
CO S O "* ^
makes of kid gloves are firmly held, but inferior qualities have
s s'l
•a a"
been pressed to sale at auction in considerable amounts with poor
orderB for plain and fancy overcoatings for future delivery.
Hit
•
O'.
•
--t
<«•
i-t
—
:
*-<
,
•
".o
.
•^•
t-i
^l*
•
o
Teaults.
||SS
liuportatlons of Drr Goods.
The importations ot dry goods at this port for the week ending
March 3, 1876, and the corresponding weeks of 1875 and 1874
have been as follows
STBBBD »OB OONSUHrTION FOB THS WXBS INDINe MiRCU 2, 16'6:
of 'ri
1874
Hannf actnies of wool
do
cotton
do
silk....
flax
do
HUcellaneoas dr jr goods
PkgB.
Value.
989
$480, 4 IT
494,191
. .
1,588
:n
57.i,»98
1,001
277.840
153.556
.
Total
.
686
1875
.
PkeH.
1876
,
Pkss
Value.
$9S7,686
1,894
2,110
953
1,265
901
4,975 tl,9S0,»JJ
.
6(>9,96a
70a,t;56
295,411
235,707
'
iti
.qpt-eo
:
.
S
:S
:
'Sso
^
;§i
sp^noo t-
«5_!0 e« -- c* -^
os'eo
t^
c5
•
*»J
s
.
i-.
-
Value
1,127
1,277
901
$520,777
398.003
1,8.S^
25«,18»
4S6
l:j8,66i
li;6,',24
8Ǥ
5,011 tl,960,U9
7,115 |2,832,o75
WITHDBAWN rBOH WABBHOUBB AND TBBOWN INTO THB UARKBT DUBINO TBI
8AMK PSRIOD:
HanaractureBOf wool....
cotton..
do
Bilk
do
flax
do
883
8J4
215
722
f.393.048
728
21S.919
205,Siil
627
107
167,754
41.470
1,223
152,933
39,903
Addent'dforconsnmpt'n
4,283 11,032,052
4,975
1980,032
3,181
7,115
2,832,375
Total thrown upon m'k't.
9,8,58
Mlaccllaneoue dry goodB. 1,619
ToUl
$3,012,081
$306,394
150,799
1229,351
167,934
292,395
118,443
41,614
13li.234
598
1786,263
10,208 $3,618,633
b
9,723 $2,812,915
BHTBBBD FOB WARBBOUSINa DOBINS BAMB PERIOD:
Mannfactareeot wool....
388
S37
68
275
flax
ItlsceUaneona dry goodv.. 854
$151,342
85,012
ToUl
idd ent'd for consampfn
$401,5,89
1,980,032
2,545
7,115
2,832,375
the port. 6,897 $2,381,621
9,660
$3,73.3.512
do
do
do
cotton..
silk
rotal entered
ai.
1,922
4,975
810
732
178
686
239
62,-385
79,302
26,518
$822,294
180,619
2il,8B0
135,933
40,461
$901,167
648
672
1.53
$276,885
131,6l>2
6,858
6,044
$813,895
receipts of domestic produce since Jan.
time in 1875. have been as follows :
same
AshcB
ptgs.
BreadBtnlTs—
bbls.
Flour
Wheat
bush.
C!orn
Rye
Barley and malt
Grass seed. bags.
Beans
Peas
8ame
time 1875
1,035
1,146
659,891
1,714,093
~
bbls.
bufh,
—
bbls.
bales.
bales.
1,073,648
21,372
96S,271
42.341
:S
1,960,149
22,-30)
3«S,0lj4
.14,0:6
hblB.
Naval,Cr. rieif--
sa^goa
17,9«3
bbls.
505
7 108
44,774
1,926
'«•<'»•
I^t,
Moi*
?•;?«»•
iioi»S- ••'!'!';'
Hpirifc.
.
— \f
EoBln.<>en.
Tar
1876,
•
Pkgs.
.bags.
Provisions—
Butter
pkgB.
Cheese
Same
e* iO 5: t- tc
•
:
:l
*5tco=o
orj
.«
e*
.-.C.I
3 §3
3
for the
720
7
41,070
1,207
15,529
12,401
98,389
gag
:8
iS
is
;
171.2-36
Lard
Lard
92,498
3,5in
....kegs.
....pkgB.
Sugar
..bbls.
Sngar
..bhds.
Taflow
..pkgs.
Tobacco .
Tobacco... ..bbds
Whiskey.. ...bbls
Wool
.bales
Dressed Hogs
. .
No,
:8g
iiS"
fa
Beer.
Kggs
Pork
40O,»8U Starch.
3,928; dtearlne...
6.51
and
307,875!
124,2981
82,001,
45,8291
23,1711
OtttraeatB
201] Rice...
7,127
70,857
2.452
tS
.
..
Peanuts.
554,730
SIP
Pilch
1.111,549
4.478,563
1,077,491
6,700
203,(^i
H9i
633,920
22,834
802,843
^^Hon
;
488,9M
12,179
61,690
36.069
]50,7;9
Sea
ll,90j $2,778,044
Since
Oil, lard.
370,I8'i
30,';93
^10
'S
QD
Jan.l,'76.'timel875
Oilcake.
2,.5S4,7'
OaU
^. meal
Since
Jan.1,'76.
1,
to
«
57.257
Receipt* or nomestlc Produce.
The
.
iii!
0.
161,304
185.847
C73
4,812
6,s»
o
_a
Oca
10,52;,
45,363]
3,971
3;
6,9.t2
7,828
29,.ViO
11,160
24,792
10,151
30,03'
148,283
84,010
109,653
28,837
sSS
•
•'='.« so
V
O^V^ ^^
55.K.38
t-. »fi
5SSs
OO
^1*; •*
m
8,713
112,748
1,566
2,767
§s
)(na]acB«)CC(Ba)<
•^
45,.505
4,<32
13,483
6.878
3,080
16,275
3.665
37,437
6,739
42.963
^4
If:
tf*
.
3
:
:
:
'
I
P.
»
ai'?
:
:
;*
m • w « o « •
j_-r".'^.'^
,
:1 :•
:j<?
:*i -g :7j'S
•I ':iS>t
6.
•
?
;
la::
;
oV«
R
o
c*
;
o
!
March
THE CHRONICLE
4, 1876.]
Oommeroial Oardg.
Commeroial Cards.
D wight &
John
Co.,
Olyphant &
SUPER-CARBONATE
STOCKS
BONDS
and
At Auction.
HoDK KonK,
SlianRlinl, Fooebovr *
Canton, China.
OF
No. II Old Slip,
Co.,
COMMISSION MKRCHANTB,
MANUPACTUKERS OP
SODA.
New
FiaanoiaL
The
HcrilKKENTXD BT
OLYPHANT
York.
dc
KI4 Wall
New York.
St.,
The jODOlDK Tr&dd ONLY Supplied
Smith, Baker & Co.,
oonraissiON mrrohants
George A. Clark
&
undertlgned
RBQULAR AOCTION
bold
BALES
Co., of China,
of
all
classes of
STOCKS AND BONDS,
Bro.
Olf
WEDNESDAYS AND SATURDAYS.
ADRIAN
Yokohama and HIoko, Japan.
No. T
H. MIILLER
PINK STREET,
KEPKKSKNTBD BY
W
E.
Pino
G6)f
Street,
New
Arnold
B. G.
Winslow, Lanier
CORI.IE8,
.
York.
&
Co.,
NEW
FRANT STREET,
HPORTBRS AXD DSALESS
lis
COFFEES AND TEAS.
YORK.
PROVl^lON UEALEK9
Ul'
LAIiD UlL
KSTABLISHKD
F.
AND MAKUFACTURKR
« U STKAKINK.
NKW
1841.
TOKK.
8appl7
all
Widths and
Culorii
Co.,
140 Front
Street,
XAHUrACTVRERS Of
RAILROAD.
For Export and HomR
PARAPFINE
OILS,
always
In stock.
E.R.Muclge,Sawyer&Co
AGENTS FOR
AND
ute.
Ellertoii Neiv
48
&
.1
!
!
!
RICE
Dan Talmage's
109 Wall Street,
!
!
CHICAGO HOUSE; UENUY GREENEBAUM * CO
Issue Hills of Exchinire, Travelers' and Commercial
Credits, al-o Telegraphic Transfers of Money, avail
able in the leading cities of Europe and the United
SUtes.
Depos'l accounts received on favorable terms.
Weott-jr for sale a Um ted amount of
BOSTON.
WaiTS STRKXT.
15 CHAUNOST
PHILADRLPHIA,
W. DAYTKN, .J30 CHusTunT Stbkkt.
Adolph
ST.
New York.
AdKer*e Wharf, Charleston.
S. C.
nANILA, SISAL, JUTE &
Co.
AND
CORDAGE,
FOR EXPORT AND DOMESTIC USE
Gunpo'wder.
Cotton Ties.
SOLB AQBNCY IN
AMSTERDAM, HOLLAND
TARRED
GANGS OF RIGGING MADE TO OUDEK.
19S FRONT STREET NEW YORK.
NEW YORK FOB THE SALB
or TUX
CELEBRATED "ARROW"
Buy and
Sell
Holland and
in
Mak
'
on Comtniss^on American Securities
otl.er Continental
SPORTING, SHIPPING AND MINING
m
.
Make Payments on Letters of Credit to Travelers
and transact a geneml American Banking Bustresa.
Refer by special permission to Messrs. Blaka
Brothers & Co., Boston and New 1 ork, and to Measrs
B. & W. Welsh, Philadelphia.
Knoblauch
&
TIE,
SW^ENSON,
80 Wall
St.,
»ew
York.
POWDER.
ot
Europe.
Lichtenstein,
BANKERS,
'^The American Cotton-Tle'Company*'
LIVEIiPOOI, ENGLAND.
8.
Markets.
throughout the Continent
Coll. ctlons
XAMirrAOTTJRKD BT
Dupont's
&
Henry Lawrence & Sons, COMiniSSION MERCHANTS,
10 rontt Street, Neiv Orleans
IGUNPOWDER
Bcissevain
BANKERS
MANUFACTURERS OF
Sons,
Park 7 Per Cent Bonds,
Due 1890.
ITIllI*,
NEW YORK.
45
Nassau Street, Nevr York,
1
wrest Chicago
Saratoga Victory TUCg Co.
WAX AND BEESWAX.
Bros.
HANKERS,
(CoaxBB or Wall Btixxt.)
Mills,
•ILS— SPERM, WHALE, ELEPHANT* LARD. Washinzton
BiirlliiKton Woolen Co.,
CAN D I. KS— SPERM. PATENT SPERM, PARChlcopee nfg Co.,
AFFINE, ADAMANTINE, HOTEL
Street.
& Co.,
Greenebaum
8TKIPKS."
No. 109 Dnane Street.
Mayhew &
LB.
klndt of
United States Banting; Companjr.
full
banken
LONDON CORRESPONDENTS
CITY RANK. Thrradueedle
Also. AKOntB
A
TOHK.
Agents for the sale of City, Connly, and Kallrosd
Bonds
Issue Letters of Credit for foreign travel.
COTTON CANVAi,, KELTING DUCK,
SAIL TWIN KB
INB. BAGGING,
4C. " ONTARIO" SEAMLESS BAGS,
"AWNING
NEW
corporations and Merr.lianu.
Mannfacturers and Dealer! n
ALL. CLII?IATES.
PINB STREET.
;
Co.,
And all
Co.,.
Receive the accounts of Interior banks,
JEWELL,HARRISON COTTONSAILDUCK
CAR COVKR
& COMPANY.
RAVKN8DUCK,
PORE LARD PACKED FOR
«
street,
Brinckerhoff, Turner
&
&
BANK KB*,
niLW^ARD'S HELIX NEEDLES.
337 and 339 Canal
SON,
4c
NBW YORK.
35
Broad
Street, Neiv
York.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue Letters
OH
all
of Credit
ptinclpal cities of Europe.
SPECIAL PARTNER,
Berlin.
DEUTSCHE BANK,
DUPONT'S GUNPOWDER MILLS
(ESTABLISHED IN 1801
i
)
iHtve maintained their great repntation for 75 years.
Manufacture the
STEEL PENS.
MANUFACTURERS' WAREHOUSE,
Hilmers,McGowan&Co
BROKERS IN
FOREIGN EXCHANGE AND GOLD,
S4 Wall Street, New York.
EAGLE DVCKINO, JOSEPH GILLOTT 4c SONS
BOX
U J»bn street. New York.
EAGLE RIFLE, and
paid
th« nagotlaUon of Com.
HEVRY HOK Rni.B ASXNT
mercial
DIAIHOIMD GRAIN POWDER.
The most Popular Powder in Use. A.bo,
Harrison, Bradford & Co Banks, Bankers and InSTEEL PENS.
SPORTING, MINING, SHIPPING AND BLAST
Celebrated
(P. O.
.1,841)
I
Special attention
to
bills.
surance Companies
ING POWDER,
all kinds ami descriptions.
For sale in all parts of the country.
wishing to purchase
:if
Represented
F. L, Kneeland,
90
WaU Street, NEW TOBK.
No. SOS,
FALCON,
Nos.
ao. 98, 15. 1, etc.
XMBRAOINO EVERY STYLE AND FLNIBH.
\ IS J«bn Street, New York.
OFFICE FURNITURE,
Will
_
Od
a line as«ortmcilt, at prices to suit the times, at the
e tAhlliihment of
T. G.
SELLEIV,
103 Fulton
St.,
New York.
Fine Cylinder and Roll Osaks a SpecUliy.
;
OTE CHRONICLR
Railroad Material,
Ilnancial.
NBW YORK,
BObTON,
70 Blace Street
Pearl Street.
184
&
GOSSLER
Tasker
Morris,
&
KUROPB,
IN
BEUBI<iBKRC,GOSSLUR & CO
JOIIi-V
CuNARD
Co.,
Co.,
Iioudou, (Limited.)
H ANUFAOTURKRS OF
LAP-WELDED AMERICAN CHARCOAL
IROX BOILER TUBES,
WROOanT IRON tubes & FITTINGS
nAMBURG.
of every description, for Gas, Steam, Water and
Oil; Steam una Gap Fitters* Supplies, Machinery
&c.
:
No. 15
Co.
CA^
A N K E KS
"
II
,
WALL 8TRKET, NEW YORK.
4
Peraoni keeping accounte with ns (currency or eoW
tbey please sAme as wltb (JiiJ
baiiKb, and will be allowed Interest on dally balances
according to the nature of the account.
Orders for the purchase and sale of stocks, bonds
and (fold will receive from us, personally, prompt and
careful attention. P. O. Box 2.647.
C. W. MoLlLL^X, JS.
W. TSA.SE
A. M. KiDDKB.
may deposit and draw as
GOLD STREET, NEW YORK.
PHELPS,DODGE&Co
CLIFF STREET,
Neir York.
Between John and Falton,
IMPORTERS AND DEALERS IN
THB BRITISH AND NORTH AMERICAN BOYAL
&
Roofing
Martin Lewis,
PIG TIN, RrSSIA SHEET IRON,
4 3 PINE ST., N. Y.
DEALKB IX
Room 3.
Secnritics of Solvent and Dcfanlted
KR, C'o'8, also State, City and
FROM KKW YORK.
Wed.. Mch.
Wed..Mch. 8 China
Wed., April
Wed.. Meh.15 Bothnia ...Wed., April
la
18
Abyssinia.. .Wed.. April
'.Hi
Parthla
Abyssinia ..Wed., Mch. 22
Java
5
Wed.. Mch. 29 'Russia
Wed., May 6
And every following Wednesday and Saturday from
I
York.
Steamers marked
* do not carry steerage passengers,
Ratks of PASSAeB.— Cabin, »*, flOO and »130 gold,
according to accommodation. Tickt-ts to Paris, $15
gold, additional. Return tickets on favorable terms.
Steerage tickets to vid tromall parts of Europe at
very low rates.
Through bills of lading given for Belfast, Glasgow,
Havre, Antwerp and other parts on the Continent
and for Mediterranean ports. For freight and cabin
Bassage apply at the Company's office. No, 4 Bowling
reen; for steerage passage, at 111 Broadway, Trinity
"
•
'
CHAS. 6.
FRANCKLYN
Agent,
O W L, If
Direct Line to France.
The General Transatlantic Company's
Mail Steamships,
BETWIBK
NEW YORK AND HAVRE,
MANUFACTURERS OF
COPPER, BRASS AND ITIRE.
WH. BOBDSN.
L. N.
LOVBLI
Calling at Pjymontfa for the landing of Passenger
The splendid
on
s
route for the
Continent, (being more southerly than any other,)
iplllsall from Pier No. 50 North Kiver, as follows
LAFAYETTE, Hellard
Saturday, March
*PKREIKE, Danre
Saturday, March 18
LABRADOR, SangUer
Saturday, April 1
vessels
this favorite
1
N. T.
Beers, Jr.,
Stocks,
B.ROOKLYN
GAS STOCKS,
Borden
&
Lovell,
coniinissiON jtierciiants
70 tc Tl West St., New York,
WALL STREET.
AGENTS FOR
BORDEN
Railroad and Investment Stocks and Bonds
Amy &
Co.,
(Including wine,)
First cabin, |120 and $110, according to accommodaSecond cabin. (T2. Third, $40.
Return tickets at reduced rates.
Steerage, $26. with superior accommodation and
Including all necessaries, without extra charge.
Steamers marked thus * do not carry steerage pas
sengers.
LOCIS DE BEBf AN,
nilNING COMPANY,
Ageut, S5 Broadnray.
FALL RIVER IRON WORKS COITI'Y
NAILS, BANDS, HOOPS
19 & 31 Nassau Street, New York.
TRANSACT a general bantfing business.
DKAL in Investment securities.
BUT nil deBCrlptlons of UNCURRKNT Bonds, slso
Bonds KEPU 1)1 AThD by ClTiES and COUNTIES.
AND
EBNNSDY. HBNBY
M. BAKKB.
Kennedy
JOHN B.BAIiKS
&
Co.,
BANKERS AND mERCHANTS,
S.
J.
41
^a££i^
CEDAR, COR. WILLIAM
(Via (Ineenstoivn)
CAERYING THE UNITED STATES MAIL.
TUESDAY.
CO.,
FALL RIVER LINK STEAMERS.
B.
For Liverpool,
RODS,
OLD COLONY STEAIVBOAT
lOBN
ct^^^jcL
PRICE OF PASSAGE UN GOLD
Uon.
CUMBERLAND COALS.
BANKERS,
LEAVING PIER
No. 48
NORTH RIVER,
NEVADA
WISCONSIN
MONTANA
WYOMING
as follows
March 7, at 3 P.M.
March 21, at 2«) P. M.
March 28, at 7 A.M.
April 4, at 2 P.M.
April 11, at
IDAHO
RATES FOR PASSEN0KB3 REDUCED.
Steerage, $26; Intermediate, $10; Cabin, $11.) to $sa,
accordln»t to st;ite room, Steerag" olHce, No. 29 Broad-
way, General
offlces,
ST.,
No.
63
Wall street.
WriLLIAMS
dc
GVION.
Nevr York.
Buy and
sell
Railroad Investment Securities,
Coupons and Dividends. Negotiate Loans
draw Bills of Exchange on London.
Agents of the
Atlas Mail Line.
lect
E
S
.
Bailed,
.
66 WAI^Ii
STREET
Dealer In
Fire
'SPECIALITY."
will
COMPANY
CAITIBRIA IRON
JOHNSTOWN,
STEEL RAILS.
of
Pa., for the sale of their
IRON an
All business relatlnf: to the Construction and Equip
ot Railroads un lertaken.
ment
ard Marine Insurance stock
and Scrip
once for the above Securities ; or the
be Bold on commia«ion. at aellere optico.
Cash paid
Joseph Bachman &Sons,
at
GAYIiORO, Miscellanoons Se
JAL.DEN
Wall
New Vork. (P.O.Box
curitles. No.
•
BI-MONTHLT SERVICE TO JAMAICA, HAYTI,
COLOMWAand ASPINWALL. and to PANAMA aud
S >UTH PACIFIC PORTS (via Aspluwall.)
Fiist-class, full-powered. Iron screw steamers, from
"il. North River.
For HAYTI, COLOMBIA. ISTHMUS OF PANAMA,
and SOUTH PACUIC PORTS (via Aspinwall),
March 1
ALPS...
yETNA
March 15
For KINGSTON (JAMAICa) and HAYTI,
ATLAS
March 1
CLARIBEL
March 30
Superior first-class passenger accommodation.
PIM, FORWOOi/ & CO., Agents,
No. 56 Wall Street,
Pier No.
REPRESENTATIVES OF
Gorham
Mf g Company.
Providence
Compauy,
St.,
3:)
Special attention given to St. Louis City and
Mlaseuii County, City, Town and
School Bonds. Also, to the Bonds an<! stocks of tlie
Atlantic & Paclllc, Missouri
lollDwlng Ivallroads
Pftclflc, South PaciJic, Kansas Pacific, Denver Pacific,
North Mieajurl. St. Louts Kauoaf. CUy& Northern.
Refers by permission, to Messrs. V/' 8. rUchols &, Co
Bankers. New Vork'
;
Between
Between
:
JOHN HIOKLIflO &
Bankers :and Brokers,
T.i
CO.,
BUOADWAV, N.Y.
Boston.
and
NEW YORK and PROVIDENCE to $1
NEW Y'ORK and BOSTON to $4.
Stonington
foot of Jay
Is a new 13 page book giving the highest and lowest
prices of stocks for 15 years, complete list of defaulted
railroads. Black Friday, sketches of leading operators, and the method of dealing on amall sums of
money. Copies sent free to any address, Oraera for
stocks and tto'-k privileges executed by tnall and telegraph, cotlcctious made, money Invested, and Infor
en by
Stonington Steamsbll*
l>etH'eeu Nenr Ifork
Line.
FOR PROVIDENCE, NEWPORT AND BOSTON.
The elegant steamers RHODE ISLAND. NARRAGANSKTT and SioNiNOTON, leave Pier 33. N. R.
MEN AND IDIOMS OP WALL STREET
matioQ K
fc
Reduction of Fare
l,'.?i3).
County iionds
j
New
TIMK LOANS NEGOTIATED.
Refers by permission to Meeers. M. K. .Tesup, Paton
Co., Ncw'Vork; Messrs. Soutter & Co., New York;
Jon. S. Norrls, hsq.. President First National Bank,
ilaltlmore; Robert Mlckle, Esq., Cashier Union Nat'i
Bank, Baltimore.
H.
Wed., April
Algeria
I
j
Antimony, Lc.
Spelter, Solder,
&
Dealer in
1
CHARCOAL AND COMMON SHEET IROF,
LEAD, SHE ST ZINC, COPPER,
County Bonds.
»X
TROU NEW YORK.
I
•Russia
China
Plates,
OF ALL SIZES AND KINDS.
|
MAIL, STEAMSHIPS.
BETWEEN NBW YORK AND LIVERPOOL,
CALLING AT CORK HARBOR.
Building.
Tin
<
North of M.
to the
and Gas Pipe.
IMPROVED SUGAR MACHINERY, Ac,
OFFICE AND WAREHOUSE
Line.
t»-NOTICE.— with the view of diminishing the
chances of collision, tlie steamers of this Hue take a
specified course lor all seasons of the year.
On the Outward Passage f rttni Queeustown to New
Vork or Boston, crossing Meridian of 50 at 43 Lat., or
nothing to the North of 43. On the Homeward Passage, ci-ossliig the Meridian ol 50 at 42 Lat.. or uuthlne
Coal Gas Works, Cast Iron Water
for
4, 1.876.
Ocean Steamships.
&.c.
(LIMITED.)
Pascal Iron Works, Philadelphia.
International Bank or iiambursand Delaware Iron Co , Nenreastle, Del.
HOUSE
[March
daily (except Sundays), at 5 P.M.
New England polntal
State- Rooms secured A
otUces of WoBtnott Express Co. and at S19 Uroadway.
St.,
Through tickets to pi incipal
RK. depots and ticket ofiices.
Sterling
Silver
AND
4
Fine Electro Plated Wart
No
3
IHAIDEN I4ANR,
PltOVIDK^CE LINE
NKW YORK,
(dirtcl).
KLKCTKA and OALATEA leave Pld
N. R., foot of Park Place, dally (except jauday.)
Stoamsnips
27,
P.M.
Direct connection to Worcester and points beyond,
taken at lowest rates.
P'leltfhts via eltber lino
It.
D. 8. BABCOCK,
W. FILKLNS, General Pass. Agent.
President.
'
March
THE CHKONIGLE
4, 1876.]
Tli
Cotton.
Insurance.
Tnsuranoe.
PHENIX
OFFIOE or THB
Mew Orleana,
Insurance Company
OF BROOKI.YN.
ATLANTIC
Mutual
:
1S75, to 31at
Premiums on
Ist
8,45.\«7« 8J
amount of Marine
Preniluins.. $i,aj5,3M 75
upon
54
Capital raid np
Uross Fire Reaerve
Net Lire Aaaeta • -
nected with Marine Kislis.
Premiums marked
oH' from '.at JanuDecember, 18T5 ... $6,U3,134 6S
Losses paid during the
lameperiod
$3,712,068 05
Retams of Premiums and
Expenses. .$l,«n,417 36
ary, 1875, to 3l8t
The Company has the following Asset',
viz.:
United States and State of New York
Stock, City, Bank, and other Siock*.$l0,3l4,9»0 60
Loaniaecared by Slocks, and otherwise
!,5I4,20J CO
Real Estate and Bonds and Mortgages
Interest, and sundry Notes and Ciaima
due the Company, estimated at
Premium Notes and
Cash in Bank
Bills Receivable.
on and
be redeemed and paid to the holders thereof,
and after Tuesday,
the Ist of February next, from which date all interest thereon will cease. The certificates to be produced at the time of payment, and cancelled. Upon
certificates which were issued for gold premiums,
the payment of interest and redemption will be iu
gold.
A DlTldoud
on
the
certificates
or Fortf For Cent, is denet earned premiums of the Company
ending 3l8t Deaomber, 1875, for which
will be issued on aud after Tuesday,
the 4th of April next.
The Cuiupauy's actual losses by Chicago conflagra
were I1.743.457 81.
The CompHiiy's tictual losses by Boston conflain's*
tlou lu ;S72 were $50^.680 id.
Yet the Company paid the';.e losses at sight withoa
borrowing )r selllug a single UoUar of permanent tnvestuieuts, continued regular aivldends to their
stockholders, and at the end of lS7a had entirely made
up (not In this country, howevei). the losses of these
two couilazrations and all others, coinincuclng 1874
with a surplus over $100.U00 larger tliftu ever before.
Annual Income of Fire Department alone over
order of the Board,
New V«rkJ
&
H. Tileston
Orders
Futures executed
lu
at N. Y.
&
Moody
It
EZRA WHITE,
1809.
&
Lamkin
CHAS. E. WHITE, ^Managers.
SAM. P. BLAQDEN, I
iniSS."
Orders to purchase Cotton In our market
Charles Dennis,
W. H. n. Moore.
Henry
Coit,
Lewis Curtis,
Robert B. Miiitnrn,
Charles
Chtrles
II.
Russell.
II.
Ins.
Co.,
George W. Lane,
Robert L Stuart,
James Bryce,
James G. De Forest,
Daniel
William Stnrgis,
Alexander Y. Blake,
Charles D. Leverich,
Josiah O. I,ow,
Adolph Lemoyne,
WUIiam
Adam
S. Miller,
E. Dodge,
Royal Phelps,
F. Youngs,
0. A. nand,
T. Sackett,
Horace Gray,
Thomas
Edmund W.
James Low,
John D. Hewlett,
John Elliott,
Samuel Hutchinson,
William n. Webb.
J.
D.
JONES,
Corlies,
President.
CHARLES DENNIS, Vice-President.
W. H. H. MOORE, Sd ViCc-PresIdeut.
icltvtl
cotton buyer,
No. 37 Wall Street, IVew York.
IXCOBPORATKU MAY IBn, 1S41.
Marine Ins. Co. in the Si ate ol N. I
AMOUNT OK Lt.SSKS PAID I^INCK THE ORGANIZATION OF THE COMPANY,
NasUTllIe, Tenuoeeee.
Oiliest
ScTon Millions of Dollars.
Capital Slock paid In... ,..$500,000 00
Surplus Slat Doc., 1874'.. 284 32G 19
Over
UlUTKUKNCB.-FisaT N iTioiTAt. Bakx,
JOHN
Tiveiity
U.S. Bonds
Cash on Deposit
4SSKTS.
$S7S,047 50
..
48,702 30
NAaHTii.i.«
WILLIAM WHITLOCK.
BICHABD8.
Richards
& Whitlock,
COTTON STORAGE
$626,749 80
and
dc 109 Morton,
622 WasUington St.,
No«. 105, 107,
ABseU 31st December. Ie74.$784,326 19
&
618, G20
CAPACITY, 12,000 BALES.
167,676 30
other Assets
Total
8.
$784,320 10
Premium Notes not matured and
Fire Insurance Lowest Ratefl,
Itate of Storage, 15-15.
HIAUINB A>D INRaFKBKKCKs.— FrenchATravera.No. 17 William s*.
Black & Co., No. William
It.M. Water*
LAND NAVIGATION RISKS. Also, &Williams,
Philip Henry.
Co., 56 Broad
No. MS Pearl
Adams & Whitlock, No. M South
Ciiarlea
against FIRE RISKS on property in the City
Hyllestedjc Co.,
bonth WllltHm
against
st.;
.Ir..
St.;
of
New York aud
immediate vicinity.
Company combines the stock and mutoal
St.:
Mo.
when
desired,
JonN
JOHN
P.
P. PAUl.ISON, President.
IHAAC n. " WALKKU. Vice-l'realdant.
niCUULH.
TO PRINTERS.
We
koep on hand the largest stock of
We ali!o deal m
all
Geo. Bruce's
new Printing
Malorials
No
COTTON FACTORS
AND
GENERAL COMMISSION MERCHANTS
128 Pearl Street, New Tork.
McAiister
&
Wheless,
COTTON
ooinniissiON itierciiants
Special attention given to Spinners' orders.
l;
sudence
Tables Of the COsiuxs
N.
etAL AND Financial CuRONioLK, putillshed In a i-appieuieiit to that paper, on tiio last Saturday of eAch
wontli, and o^Tupylng twenty-seven pa«es, are set lu
Patent FlKurei
t>rnce's Nonpariel, No. 13, with th
and Fraction*.
Corre-
solicited.
Hi p' 111 KNoxs.— Third and Kourtn National Banks.
and Pi }prl3torB of
OVER
Soti 6c Co.,
No. 13 Cbambersi Street, N. V.
B —The Steele and Bond
Walter T.
NAiiHVILLS, TENNBSSBB.
i{ne:IUk, French, Spanish,
sell in lots to suit purchas-
kluda of
at.;
BLOSS & INCHES,
PRINTING TYPES
n America, aasorted for
aud Portuguese, which wc
ers, at low prices for cash.
7
Miller & Co., No. 5 Hanover st,; Dennis Perkins,
117 Pearl St.; Charles A. Saaton, No. Ml Pearl st.
Losses on marine risks made payable at the banking
hOQse of
Messrs. KLSINWOB]^ COHBK * CO.. London,
Marshall,
Lowell nolbrook,
David Lane,
^
Irvine K. Chase,
Sun Mutual
rates.
Charles P. Burdef,
Francis Skiddy,
a
NORTON SLADGUTKR A CO
Kefer to Messrs.
New Yort.
I
Eggleston,
VICKSBDRG,
Commenced
systems, parties having the option o( partielpattng in
the profits, or inaorlDg on the stock plan at reduced
Goidon W. Barnham,
Frederick Chauncey,
8
Cotton Factor*,
Fire and Life Assets entirely diatlnct— the one not
The Company organized A. D.
Tills
J. D. Jones,
Cotton ICzchante.
Will keep accounts with Country Ilankd and Uankeri,
make colli^ctlous, l^f}ue ccrtincutcs of Depuslt, aaa
attend to the sale and purubise of Uouds, Stock*
Coin, Ac.
Particular att' ntton given to the execution of orde
for future coutrftc^s and the parcbaae of lUercliAUdlaa
1
TRUSTBES.
Co.,
General Coininl%sfon ]Vffer«h«uta,
123 PEARL STREET, NEW YORK,
St.:
U. CHAPMAUr, Secretary.
J.
•
Jemison,
BAN KK
$4,000,000.
Insures
By
Co.,
COTTON BUYKKS * COMMISSION MKKCUANTS
00 Sioue Street, New York.
York.fl.SOO.iXW.
after
certlUcatej of the issue of 1373
&
COMUISSION MKUCBANT
47 Broad Street,
New
tlou In 1»71
be paid to the holders
or their legal representatives, on
for the year
In
business In this country A. D. 1S67.
Agenrles In most of the prluclpa cities and tcwnc
In the United States.
will
clared
COTTON FACTOKS
»i7,000,000
•
Gross A89cti held by Board of Uanagemeut
February next.
Ist of
The outstanding
'
•
451.017 92
the outstanding
thereof, or their legal representatives,
Tuesday, the
Kichange Buildings, Liverpool.
$16,019,910 82
Six Per Gent Intereat on
certificates of profits will
and
liable for the other.
363,402 40
Total amount of .\9«ets
Total
-
STltKBT,
New Tork.
$10,000,000
3,700,000
13,300,000
-
•
PEARL
135
NGWGASS, UUttENUKtlt ACO..
Co.,
Ins.
A
Sawyer, Wallace
Ml.OOO 00
S,0;6,360 ^0
.
Secretary.
LONDON AND BDINBIIRGH.
U.'JITKD 8TATKB BRANCH,
lirilliain. Cor. Pine St., New York.
-
nor upon Fire discon-
;
133
OF
Policies not marlccd olT
BRO'S,
•a,333,'l»!2.
British
Mercantile
|5,aio,o;i 8J
Policies have been issued
Life Risks
CROWBLL.
The North
De-
January, ISTS
Total
No
R.
<
AND
niBRCHAN-rM,
co.-nmssioN
Steamers to Europe.
Agencies in all the Principal Cities in the U. S.
STEPHEN CHOWELL, PrealdcnL
WILLIAM
'•
Cotton Factors
INSURES COTTON AGAINST LOSS BY FIRE.
OVERLAND BY RAILROAD, and Marino by
New York, Jan. 24, 187C.
The Trustee?, in conformity to the Charter of tho
Company, aubmit th<! fuMnwiog Staloment of it«
aQ'airfl on the 3l8t December, 18?5
Premiaou received on Marine KU'ika,
from Ut January,
July iTTsrS,
Co.
Moutcomar, AUl.
LEHMAN
Western Uuion Telegraph Building,
Broadway, Cor. Dey Street, N. V.
Co. ASSETS,
LuMAa. Udbb A
Co.,
La.
OfUce,
Insurance
cember, 18:5....
A
LauMAis, Abbaiaic
Tua CnoNiOLS
fi.OOA
SOLD OF
I.S:OERSOLL'S
Hji
ND AND HORSE-POWER PRESSES
Tlicj hftve a
world-wide rerntatlon and a superlorltr
h1) others lor ballBfr Hay, Cotton, Kag« and til
oth<!r UlnilB of material. For price list and ful infu^
matlcu call on or address the manufacturers
ovet
tiKKabNrOX2<T (CUr
U Brooklrc). L, I.
-
THE CHRONICLR
Tfii
Oottoa.
&
Woodward
Ootton.
*
aow^Ro
Stillman,
BBAMEN'S BANK BUILDIKO,
No*. T4
a. wsisBT.
Ava.
u
York.
Bnauaca.
(P. O.
Box
abroad.
ule of costracta
Ub«nl
for tutnre dellrerj
made od cooalcn
adTaaoe*
&
Ware, Murphy
ALaxaroaa aaiTUkKD.
Llrerpool and London.
Co.,
&
Cotton Factors
AUD
Cotton Factors,
Tobacco and
De
NEW YORK.
Bpodal attaatlon paM to
tlie
for the purchase or sale of
dellTsry of cottos.
for the purchase or sale of
exeenlioa of
W.
orden
Co.,
oc
hbrchants,
conjaisHioiir
Uanover
New York.
Street,
Stone
Advancea made od Conalgnmeula lo
CO.,
UVKKPOOL, LONDON AND OLASOUW.
Also, aiecate urJera for Meichaodlse Ibroutb
FINLAV,
iHeaara.
llItJIR
*
<;0.,
CALCDTTA AND BUMBAV.
PUTCHB CONTRACTS FOB COTTON boncbt
old UD uoamlsslon la
New Vork aad
street,
New York.
NBW TOKK
E. Rogers
&
jAVavoaa uxoa upcv oottox oohsionkd to
Measav. J. N.
Co.,
BBACU *
LIVERPOOL.
Co.,
COTTON
Laer
&
and
New
Contlgnmeuts
to our
UaTT* aad Bremta.
_^
LsnlUble for
Ships,
P
Irlcka, Inclined
Kremelberg
J.
Lartte
CITY BANK, LONDON
JOHN
Rlgglnx
Mining
tnes.
ftc.
A
coutantly
on
Purp..sea,
&
Co.,
BALTinORK.
&
Kremelberg
&
Co.,
Co.,
LOCISVILLB, KY.
COIHiniSSION
Knoop, Hanemann & Co
KERCH A NTS,
NEW
DE JERSEY
Walsh,
it
Thomson
&
CO.
|
ages,
canU;Dlng
11
engraved
lilus-
INKOhMATKlN FOR STOCK 8PEC0LAT0B8.
10c., cloth covers
psper
free.
TDMHRID0B Acovers
CO.,
Pnce
•
$3,000,000 00
•
Assets, Jan. 1,'* 6
Liabilities
JAS. A.
-
....
173
96,792,649 9§
«246,3S5 50
BROADWAY,
ALEXANDER,
London
N. Y.
Asent.
&
& Globe
Co.,
ft
tratlous. with
OF HARTFORD.
Liverpool
Wall Street Caricatures.
A new book. 48
Insurance Company
BRANCH OFFICE,
YORK.
niASON A CO.,
MTNA
OAPETAI.,
niKKCIl.lNT8.
COmiHISSlON
\r.
Blocit
4S Broadwar, Ne-w V^rk.
NEW YORK.
D. Kremelberg & Co.,
COTTON BBOHEBS,
e STuNE SIKEKTS,
New Vork.
York, ilaston, Philadelphia, Liverpool,
aa*
ISaspen:flon Bridges, Ooya, I>er
HOTTEN(JUKB * CO, PARIS.
COTrON BUYERS.
Liberal Caah Advances od
Wire Rope.
hand, from WDica any dettred
SOUTH WILI.I&M
friends In
Bosloa
sll set,
lengths are cut.
Co.,
CAI.TB8TON, TKXAS.
Water
BUls ot Exchange on the
Bouaa* Df
..toe
TreasnriT,
40
Advaocae mad* on Coaalgamenla. Special attea
tloo paid to pa chases or sales of " Cotton tutares.
Mameheater and Llrerpool,
York.
Superinteudent
Uaoeheater. N. H.
'Hoisting
ASD
New
«RBTA8
•
STEEL, CHARCOAL,
44 BROAD STREET, B03TON,
Pearl Street,
and Toola,
MANCHESTER, N. H.
BLOOD, W, «. IIIRANS,
Clnea,
B. B. of the very best quality
OOIHIHISSION niERCHANTS,
litS
Works,
MANUFACTUKKKS OF
Loeonsotlwce, Slatlonarjr Steam Bn-
York.
52 EXCHAKQS PLACE,
Liberal advancea mide on consignments. Prompt
perwwal attention paid ti the execution of orders for
the purcbaae or sale of contracts for future deliveiy.
NEW YORK.
)
Locomotive
WALK. STRBKT,
New
)
,
HANCBESTER
Peet,
NBW ORLEANS.
OOmSISSION MEBCHANTS.
&
Feari Street,
Co., Kremelberg, Schaefer
yoKK,
R. Smith
S8
If*.
CO
made on coDi>lpnmenta
BANKERS AND COMMSSION MERCHANTS
10 Sowtfa William >treet,
NBW
»
Orleans.
Robb &
and
IMl.
New
51
NKW YORK.
COTTON MEBCHANTM.
BSTABLISHKO
Street,
BT
Co.,
Co.,
Tork, aad Messrs. D. A. 01 VKN
aad
J£WELL,HARRISON
& COMPANY,
romniiiSioN
New
ft
a. c.
Miscellaneous.
Information
all
WATTS *
GOMHISSION ANB
COTTON nBBCHANTS,
BAMKEKS AHD OOiCltUSION MERCHANTS
SS Nasaaa Street,
WILLIAMS
CoininiemuD Merchauta,>
tor the
Edward H.Skinkerfic Co.
Liverpool.
Adams &
Eakin,
W
ft
OnABLKSTOX.
and orden
Meaars. D.
frteniia,
S0N,t4 Baronne
JAnRS FINLAY *
Meaere.
COTTON
Co.,
of Cotton.
Orden, executed at the Coiu.n Kxchinse ror the parchaae aud sale of conlraots for futuie deliverv.
Advances made on couslcnments, and
aOorded by our
B.
GEO.
Bankers
Liberal advances
solicit cousl(iin<eau of
&
Williams, Birnie
purchase or sale of tatare ahlpmenis or deilrertes
OENEEAL
Wm.
Co.,
LIVKKPOOI.,
Henry Hentz
LONDON AND LIVERPOOL.
COMMISSION MERCHANTS,
65 Beawer ^t. ic 20 Excliance Plaee,
BrowB'a Buildlnc*,
31
Liberal adraocei ma-le od cou-
&
C. Watts
slgDmeiita.
t
ordoi
CoolracU for Future
Irerr.
contracts for fu ure
General Commlaaion
nierelianta.
Advancee made on Conalgnmenta to
Hew York.
131 Fearl Street,
Special attention stren to the execatlbn of
COTTON EXCHAN&E BUILDING,
hutlaitd.
BROAD STREET, NEW YORK.
GOIHMISSION nKRCHANTS,
QBNERAL COMMISSION MERCHANTS
l.
Robt. L. MaitlandSc Co.,
No. t3
Bennet,
GENERAL
•
l. r. a. iiAci.Baoaa
aoaarr
New York.
4858.)
Bliss
CO.,
Sc
LIVERPOOL.
Liberal Adraacea made on ConslgnmeDta of Cotton,
Wool, Hides, Ac, and upon slUpmenta to oar friends
In
meata.
BABCOCK
F.
SiMCUl tttantlon paid to the ezecuUon of orderi for
of oottoa.
60 ^¥all Street, New York.
MEKCHANDISe DEPARTMENT.
aierchaiits.
BBOAO STRKKT,
No. 39
OommlMloa merchants.
& Co.,
Babcock Brothers
Orders execnted at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other Produce consigned to them or to their Bra"
aXD
Commlaaiou
Oeiieral
tae rnrcluus or
& Co.,
COTTON FACTORS
Cotton Factors
4, 1876.
Ootton.
ima a. Diraa.
Wright, Richards
New
T« vrmll Streac,
Gaaeral
[March
Insurance Company,
45 William St.
Assets,
$26,74.0,105 70
;
Bankers and Brokers,
i
Wall M., M. Y.
In the U. S., $3,000,000
@FedFRASER