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HUNT’S
MERCHANTS’
$ W11 It IJJ
REPRESENTING
THE
INDUSTRIAL
VOL 26.
AND COMMERCIAL
THE CHRONICLE.
Power of the Bank of
the
Money Market
England
Duty and Failure of State Super-
vision
Railroad
*
225
226
Earnings for February... 227
Imports and Exports for February. 228
The Debt Statement for February. 229
Latest Monetary and Commercial
English News
Commercial
News
THE BANKERS’
229
and
Miscellaneous
231
GAZETTE.
Money Market, U. S. Securities,
I Quotations of Stocks and Bonds. 236
Railway Stocks, Gold Market,
i New York Local Securities
237
Foreign Exchange, N. Y. City
Investments, and State, City and
Banks, Rational Banks, etc
233 |
Corporation Finances
238
THE
Commercial Epitome
Cotton
COMMERCIAL TIMES.
243 1 Dry Goods
243
Breadstnffs
.*.
The Commercial
247 j
..218
Imports and Exports
249
fjronicle.
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur¬
to midnight of Friday.
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POWER
OF
T1IE
BAM
UF
ENGLAND
PER TliE MOAEY
MARKET.
In the London Times and elsewhere an
interesting dis¬
cussion has been
lately carried on with regard to the
altered position of the Bank of England m the
British
money maiket.
Several years ago we called attention
subject, and it is somewhat surprising that its
importance has not been sooner recognized. The chief
interest of the discussion, so far as our own money mar¬
ket is concerned, lies in its relation to the coin reserves.
We have often ventured to predict that some new method
to this
would have to be
adopted by the Bank of England to
in
reserves
place of or in addition to the old
plan of raising the rate of interest. We pointed out
that as this country would probably be one of the
objective points of any new financial strategy on the part
protect its
of the Bank to
replenish its stock of specie, it was of
considerable importance that we should understand and
know beforehand the nature of any changes which were
INTERESTS OF THE
UNITED STATES.
SATURDAY. MARCH », 1878.
CONTENTS.
over
MAGAZINE,
t W $ p a p t V,
NO. 663-
agitated or were likely to be
Economist of
February 16, in an
throws
adopted.
The London
interesting article whick
light
on these and similar questions, states
that it thinks it both desirable and
necessary to strengthen
the power of the Bank of England over the rate of
interest. We agree that this is so, if the Bank is still to
some
be held
responsible for keeping the banking reserve of*
Great Britain and if the only way in which that reserve
can be protected is
by advancing the rate of interest. If
,
however, neither of these contingencies should be per¬
petuated, the argument has less force. Besides, has not
the old power of the Bank of England over the money
market been lost, and can it be restored without revers¬
ing a long series of changes which have been at work in
the British money market ? The extent and influence of
these changes may be illustrated by-one or two general
aspects in the history of the Bank.
The first in interest is the growth of the
banking
deposits in London. In 1844 those of the Bank of
England were 13 millions sterling; in 1857, 17 millions,
and in 1876, 30 millions. There has thus been an increase
of 17 millions sterling in the
aggregate deposits held by
the Bank of England. But while that institution has
thus increased its own lending power, there have
sprung
up around it a number of great rival banks.
Of these
the most prominent are the Joint Stock banks, whose
deposits in 1844 were only 8 millions, but are now 68
millions sterling.
It thus appears that while the Bank
of England holds 17 millions more of
deposits than in
1844, these competitors and neighbors hold 60 millions
more.
It is impossible to overestimate the importance
of the decentralization which has thus taken place. In
1844 the total deposits of the Bank of
England and its
neighbors were 21 millions, of which the Bank of
England held 13 millions. In 1876 they were 101 mil¬
lions, of which only 30 millions were in the Bank of
England, and 71 milliens were in the Joint Stock banks.
It is easy to see that in 1844 the Bank of England was
all-powerful in fixing the rate of interest, for it was the
greatest lender and the most important force in the
money market. The Bank rate for money, therefore,
controlled the market rate, and when an advance in the
rate was made by the Bank, the outside market never
failed to respond. At present the case is very different.
As early as 1857 the first signs appeared of the loss of
the power of the Bank of Eng’and over the money
market. Sir D. Salomons, in his evidence before the
Parliamentary Committee of 1858, said that the London
and Westminster Bank, of which he was a director, had
deviated from the principle of regulating its rate in
accordance with the Bank of England; u we do not now
.
,
THE CHRONICLE
226
fvoi* xxn.
.
closely the Bank of England. We have, as far they show how the Bauk of England has been shut out
of the discount market.
The remedy suggested, how¬
as we can, broken from it, adopting what may be called
ever, is of doubtful value, unless coupled with the stip¬
an expedient rate, not following the Bank rate so closely
as hitherto we have done.”
At that period the Joint ulation that the Bank of England shall no longer be
Stock banks’deposits in London had increased to 41 held responsible for keeping the gold reserves for other
millions sterling, as will be seen from the following banks. Secondly, the lending power of the Bank of
table:
England has not only been diverted into other channels
BANKS* DEPOSITS (LONDON).
of investment instead of the discounting of commercial
£
Year.
$
£
Year.
$
bills, but it is relatively small compared with former
88,437,150
17,687,433
1844
39,921,525 1852....
7,984,305
follow
so
JOINT STOCK
...
1845
1846
1847
"
..
....
1848
....
Ie49
.
1850
1851
....10,053,503
9.926,497
8,850.774
9,823,390
..11,526,045
....12,515,934
....13,959,498
.
....
..
.
50,267,615
49,632.485
44,253.870
49,116,950
56,630,225
62,629,670
69,797,4=0
1858....
1854...
1855....
......20,612,849
25,415,722
29,110,062
1856....
1876...
41,240,724
71,420,000
1877...
63,7i0,CQQ
1857
..
104,064 240
127,078,610
145,550,310
18S,666,270
206.243,620
357,100 0C0
843,600,000
times.
The Joint Stock banks
hold,
as we
have
seen,
sixty-eight millions sterling of deposits, and the dis¬
companies eighteen millions. In addition, there
are a multitude of other banks whose deposits will swell
the aggregate considerably more than to one hundred
millions sterling. This sum is three or four times as
great as the aggregate of Bank of England deposits, and,
to make the matter worse, from eight to twelve millions
of the Bank of England deposits are owned by the
count
point in which there has been a marked
change is in the discount business. In 1844, the dis¬
count operations of the Bank of England were officially
reported as about a quarter of a million sterling. In
Joint Stock banks, who could thus draw out or control an
August of that year, when the Bank rate was reduced to
two-and-a-fcalf per cent, the discounts were £113,000. immense sum of the Bank reserves of specie in case of
During the next four years this was greatly increased, panic. On the whole, then, it appears that the discount
and the Governor of the Bank, Mr. James N*orris, in market is over-supplied by the banks which are com*
his evidence before the committee of the House of peting for that kind of business; and the Bank of
Lords in 1848, said that the Bank of England discounts England is restrained from entering into closer competi¬
tion with other discounting banks by the necessity of the
were about equal to the aggregate of the discounts in
London by other parties in the outside market. In situation which imposes the duty of raising her rate of
interest whenever her specie reserves are threatened.
K65, the average amount of bills discounted by the
Bank of England was reported at £8,000,000 ; in 1873, Now that the war fever is subsiding in England, we may
the amount was £7,700,000 ; in 1874, £4,665,000 ; and expect that the attention'of Parliament will be again
directed before long to the important question of bank
in 1875, £4,402,000.
In view of these facts it would seem to be evident reserves, and the remedies for the evil above pointed
Another
,
#
-
*
that
the restoration
of the old power
of the Bank of
the discount market is not to be expected.
First of all, its lending power is not directed chiefly to
the work of discounting commercial bills. Its rates
have been raised so high above the level at which bil's
could be discounted in other quarters, that, naturally
enough, this part of its business has dwindled and
shrunk year by year to the very narrow dimensions of
the present time.
The three leading discount com¬
panies of London last year reported twice as much dis¬
count business as the largest annual average done by
the Bank of England for many years past. Those three
companies hold eighteen millions sterling of deposits,
all of which are employed in discounting bills. The
Bank of England discounts, as we have seen, have not
for many years reached nine millions sterling. In 1873,
they were less than eight millions; in 1874 and 1875,
less than five millions.
On this subject the Economist
has the following observations :
England
over
“As matters stand, it becomes a question whether the publica¬
tion of a fixed rate by the Bank of England is not as much an
anachronism now as a permanently fixed rate was in the year
1844. When a rate is published as it is now by the Bank, people
can tell at once whether
they can get their business done
cheaper elsewhere; and in this period of sharp competition this
knowledge is enough of itselt to deter them from coming to a
bank the rate of which they know already. The Bank loses thus
that power of delicate adjustment of its position to the precise
needs of the moment, which is essential to the maintenance of
busines?. It cannol, as it were, feel the pulse of its customers
as closely as it could were its rate not advertised;
it cannot
follow as well the distinctions made between one class of paper
and Another, as it could did the present hard and fast rule not
exist.
“The
change proposed would not of itself bring the Bank
deposits, but it might be expected to bring it more bills.
Should this follow, it would strengthen the power of the Bank
over the money market, and this is a most desirable thing.
As
our money market is constituted, the holding the bullion reserve
of the country is committed to one bank; and hence it is most
desirable that the influence which that bank can exert over the
money market should be great, and that it should be able to
exert it with rapidity, in order to protect the bullion reserve
more
when
required.”
We cordially agree
W
with these observation^,
*
so
far
as
out
will be scrutinized with considerable interest in their
relations to
ments of
our
finances and to the
prospective
move¬
foreign exchange.
DIITI AND FAILURE OF STATE SUPERVISION.
It is unnecessary to enter in
tion of the case of Insurance
detail into the considera¬
Superintendent Smyth,
who is now on trial before the State Senate. The general
statute provides that the cost of official examinations
shall be borne by the respective companies examined, and
the work of examination is left discretionary with the
Superintendent;but, for obvious and substantial reasons,
a law was added, several years ago, which provides that
itemized bills for traveling expenses and personal ser¬
vices shall be made out, shall be countersigned by the
Superintendent and audited and approved by the State
Comptroller, and shall then be presented to the compa¬
nies, to be by them paid to the Comptroller, who shall
pay the individuals concerned by warrant on the treasury
in the usual form. Payment of these expenses in any
other manner is prohibited, and violation of the statute
is declared a misdemeanor. It is now charged, and is
not denied, that a number of bills have been presented
and paid without the audit or the knowledge of the
Comptroller, and the non-fulfilment of the law—which is
a wholesome and necessary one—is a serious matter; for
so great is the power conferred upon the
Superintendent
and so severe is the pressure which in these times he
could bring to bear upon even the strongest companies,
however exceptional the sagacity and integrity of their
officers, that the office might become an instrument of
oppre-sion in the hands of one who\chose to pervert it.
To leave such a power without check would be contrary
to public policy, and Mr. Smyth must certainly adduce
very substantial reasons in order to justify himself.
But, however this trial may result, the fact that, after
all the
experiences of the past, the present incumbent of
March 9,
THE CHRONICLE
1878.]
the office is summoned to trial
227
charge of misconduct to purchase other insurance—at the higher rates—or,
at the end of his first year, only supplies fresh evidence perhaps,
having become uninsurable; solvent companies
of the scandalous failure of the State in its seP- have felt the effect in a
large increase of lapses, to the
imposed' duty of supervision. The treatment, also, loss of the insured; and the loss of confidence which we
of insolvent companies is further evidence of the have all deplored has been
largely intensified.
same
The amalgamations of companies, effected without share
truth, and the lesson is made still clearer
by contrast with State supervision in Connecticut, on the part of the State Department, have been largely
although that can hardly be regarded as a model. fraudulent; but the iron rigidity of the law may have
The receivership hearing in case of the Charter Oak impelled to that mode of withdrawal.
Excepting the
has been indefinitely postponed, in order to give time Security—which had been eaten hollow—and such cases
for the passage of a mutual charter by the Legis¬ as those where destruction of assets was certain to be
lature; this has already passed one branch; and as completed if there was not a change in the management,
there is a fixed intention not to let the com¬ the companies which have been closed
by the State
pany
go
to
pieces if saving it is possible, could probably have been saved, or at least have been'
there is little doubt that the company will be re-organ- disposed of with
comparatively slight sacrifice. But the
ized on a mutual basis, with a new board of directors fact is that the law, while
presenting this severe test of
chosen by the policy-holders, thus conformiug the legal technical
solvency, was neglectful in many particulars:
situation and the liabilities to the actual facts of the it did not
definitely say by what rule assets should be
assets.
This, of course, is in lieu of a receivership, valued, (and with what wide differences mortgages and
and an actuary wTho has been active in the matter real estate may be valued
by different persons can be
understood
suggests that it would be well if a little of the
now); it made no provision whatever for
hostility against the company could be directed against repairment of a deficiency; and it provided no definite
the insurance laws for not following common-sense rules. method of
dissolution, leaving none available except the
If this suggestion is justifiable as regards Connecticut old one of
receivership, which is very poorly adapted to
the
law, very much more so is it as regards that of this State.
purpose. The present and the future have been
No company here, unless the Security is an exception, sacrificed to the
future, without an effort, under these
has failed in the ordinary way—by not having assets omissions of the law; the State’s
guardianship has thus
sufficient to meet its liabilities, immediate and soon to been in fact destructive instead of conservative. The
mature; the impairments and failures have been tech¬
recuperative power ” recognized by Connecticut law,
nical. In contemplation of law, a company is insolvent and at first trusted to restore the Charter
Oak, has1
when its “reserve” is insufficient; reserve is that sum in never been tried here ; the
vigorous and united effort
possession now, which, compounded at an assumed rate still making in Hartford to preserve that company has
of interest (4] being in this State the legal standard) had no
parallel here, no company in trouble having been
together with premiums hereafter received, will suffice labored over except by those who wished to devour
to pay off one by one all policies as they mature. rather than save what was left.
No impairment has
Reserve—constituting the technical “ liability ” of a been recognized by the law as tolerable for a limited
company—is thus a very different thing from its out- time, as in Connecticut, our law having decreed instead
standing insurance, the latter being only a contingent J that as soon as a company fell into a condition which
liability; the reserve of the Mutual Life is about 86-J- might destroy it hereafter it should be destroyed immemillions, while its insurance is 328 millions, the meaning diately, in order to save it—as if a idck man should be
of this being that 86£ millions in hand, put with future condemned to immediate
decapitation lest he should not
premiums at
per cent, will be equal to meeting the recover of his disorder.
328 millions.
The past cannot be restored, but it can be utilized in
Working expenses are covered by a special
loading ” of the premiums, and this allowance has, thus learning practical wisdom from it for the future. At this
far, in general not all been consumed; the mortality expe¬ time in the session, few of the usual crop of insurance
rienced has also thus far been less heavy than was calcu¬ bills have
appeared; the Legislature has now compara¬
lated in fixing the premiums; interest has been consider¬
tively little to do, no immediate haste urges in the matter,
ably above 4£ per cent, and there has been some gain and the moral and economic duty on the part of the
from lapsed policies, although this is really less than is State to amend as far as can be its failure
hitherto, should
commonly supposed; the conditions imposed as the test impel to calm and worthy action on the subject.
of solvency have, in these respects, thus far leaned
RAILROAD EARNINGS IN FEBRUARY) AND FROM JAN. 1 TO
heavily toward the safe side.
FEBRUARY 28.
Now, a company ought not to get into a condition
The
statement
of
even of technical
earnings for February shows exceedingly
impairment, and, if properly managed,
well,
the
principal lines exhibiting any decrease being the roads
would not, but suppose it does ? Bear in mind that the
southwest from St. Louis, with their Texas connections, which
impairment works no present wrong; its significance is were so
conspicuous for their increase last year, when all other
that, at some time hereafter, that sort of insolvency roads were losing. Chicago & Alton also shows a decrease of
which consists of present inability to meet present $26,081, and it is concluded that the movement of local
freight on
demands will be reached, unless in some way the impair¬ the line for the large crop of 1877 has not yet fully developed.
on
“
“
Central Pacific now exhibits a moderate increase in
earnings,
good meanwhile.
which will be quite gratifying to the friends of that road, now
Considering that the alternative is dissolution, would more in favor than
ever, on account of paying all its interest in
not common sense and prudence dictate that an
impair¬ gold.
ment he made
ment which does
no
harm
now
and
can
do
none
hereafter
The
following is the January statement of tho Pennsylvania
It is omitted from our tables below, as it gives
should be removed, if possible—
at least, that some effort should be made before
giving up nothing more than a bare statement of increase or decrease: The
usinees on all lines east of Pittsburg and Erie for January,
the whole to wreck ?
Practically, dissolution has proved
unless it is permanent,
a
total loss to
Railroad.
1878,
policy-holders, in
instances
most cruelly so; many have found themselves
deprived
of the indemnity they had paid for, when without means
very many
as
compared with the
increase in gross
same
month in 1877, shows
an
earnings of $12,730; a decrease in the ex¬
penses of $137,947 ; an increase in net earnings of $150,677.
All
lines west of Pittsburg, for the month of January, 1878, show
a j rofit over all liabilities of $143,155.
:
228
THE CHRONICLE
[YOU XXVI.
Jtp
grogs earnings nr February*
Atchison Top.& S. Fe. ...
Bari. C. Rap. A North*n.
Central Pacific
Inc.
1877.
1878.
$185^00
$136,350
$49,150
63,094
945,171
825,047
403,882
79,102
do. (Iowa leased lines).,
147,196
974,000
298,956
668,000
20,562
40,466
749,020
370,495
364,413
124,871
lndianap. B. A Western*.
73,946
70,873
105,229
181,094
Chicago A Alton
Chlc. MiI. A St. Paul..
Cl. Mt.V. A Del.A brchs.*
Denver A Rio Grande*..
Grand Trank of Canadat
Gt Western of Canada^.
Ill. Central (main line)..,
..
Int. A Gt. Northern*....
Kansas Pacific
Missouri Pacific
Mo. Kansas A Texas**...
Pad. A Elizabethtown*..
Paducah A Memphis*....
8t L.A. A T.H. (br’chs).
St L. Iron Mt. AS
St L. K. C. A North
St. L. A San Francisco...
Toi. Peona A Warsaw...
f 2,603
179,453
273,866
129,254
Wabash
94,878
811,309
80,579
832,510
*
•
•
•
22,6*6
.
.
.
.
1,641
.
14,527
•
37,919
••••
207
1,003
36.789
352,407
1,781
14,299
21,201
$597,332
Springfield Division.
The earnings of the Dubuque A Sioux City Railroad, included in the figures
of the Iowa leased lines of the Illinois Central, were $31,053 against $33,296
in February last year.
Chicago A Alton
Chic Mil. A St. Paul
Cl. Mt. V.A Del.A brchs*
Denver A Rio Grande*..
Grand Trunkt
Great Western?
HI. Central (mainline)...
do (la. leased lines).
Ind. Bloom. A Western*.
Int A Gt. Northern*....
Kansas Pacific
Missouri Pacific
Missouri Kansas A Tex.*
Paducah A Memphis*...
St L. A. A T.H. (or’chs).
St L. Iron Mt. A So
St L. Kansas City A N..
St Louis A S. Francisco.
Tol. Peoria A Warsaw...
WabaAh......
.......
1877.
$271,214
312,608
2,099.000
615,677
144,058
2,115 786
49,718
676,655
779,435
45,608
100,430
73,650
1.417.759
1,269,669
535,764
726,287
1,314,000
...
1 TO FEBRUARY 28.
1878.
754,274
809,161
252,791
194,264
217,487
858,9J9
574,6 7
846,283
Inc.
60,978
594 565
rr
4,110
26,880
148,090
217,510
82,897
59,381
31,223
193 512
163,011
279,242
337,359
•
*
«
A
.
61,753
a
2,438
7:31,300
499,290
179,687
225,344
159.149
701,818
618,035
65,195
53,783
$12,285,615
$10,896,202
$1,627,012
57,922
26,849
$237,599
Dakota Southern
Detroit L rasing A North.
Louisville A Nashville
Mobile A Ohio
Nash. Chat. A St. Louis..
...
271,9)2
17 ’,80 S
673,980
220,496
45,802
Philadelphia A Reading..
Philadelphia A Erie
St Joseph A Western....
St Panl A Sioux City....
Sioux City A St. Paul....
Union Pacific.
*•«••••
••••••«•••••
Net increase
1877.
Increase.
$109,986
$42,551
876,833
163,632
290,165
6,556
737,726
8,497
45,602
445,768
2)2,832
15\466
73 \8
232,550
28,280
r
Decrease.
$
25,959
837,343
815,354
21,956
$4,560,371
—Jan.—
1873.
1877.
.
$680,262
561,382
$118,830
Gross earnings
Net earnings
$73,961
$165,412
58,874
$73,961
91,886
58,574
$15,090
$1,045,467
....
565,800
$479,667
.
Clev. Mt. Yernon A Del. andBr’chs.Gross earnings
Operating expenses...
Expenses.
$70,546
$4,851
$1,230
$4,851
$270,496
138,521
$2-3*550
158,211
$220,436
138,521
$332,550
$81,975
$76,329
Net earnings.
Philadelphia A ErieGross earnings
Operating expenses
Net earnings
Joseph A Western—
St.
Grosi
earnings
..
Net
Gross
Net
(304 miles.)
$b0,2)l
•
•
•
(275 miles.)
$41,853
25,256
$
$48,935
$47,965
40,802
86,753
$8,153
$il,2l2
$8,153
$11,212
Div.—
$29,451
20,240
$24,307
21,655
$29,451
20,240
$2,652
~”$9,2U
$1,652
”$MU
St. L. A So. East—Tenn. Div.—
Gross earnings
$ 12,705
Operating expenses
10,403
$13,841
9,470
$12,705
10,403
$13,841
9,476
$2,302
$4,365
$2,303
$4365
$40,467
26,662
$30,597
$40,467
$30,597
21,634
26,662
25,634
$13,805
$4,983
$13,805
$4,963
$25,953
$15,522
$25,959
$15,522
18,931
16,620
$6,978
def. $1,098
Net earnings
Net earnings..
St. Paul A Sioux CityGross earnings
Operating expenses
Net earnings ....
Union PacificGross earnings
Operating expenses
,
16,620
18,931
..
$6,978 def. $1,C98
..
$837,340
333,010
Net earnings
$815,354
322,452
$837,340
$492,9)2
$501,330
$15,090
$29,156
23,401
$26,899
$5,755
$3,273
Districts.
/—Expoi’t8.
Imports Doin’tic
For’n
$
$
$
Alaska, A.T.
Al’mrle, NC.
•
An’polis, Md
Ap’chcola, F
Aroost’k,Me
•
•
•
•
•
•
•
•
•
«
....
.
•
....
•
937
.
.
Brans w’k Ga
Buff Crk,NY
Burl ton, NJ
Kansas Pacific.—
Gross earnings
Expenses..;.
$189,453
137,810
$176,255
130,008
$189,456
13 ,846 ^
$51,610
$43,257
$31,610
$19,160
.
.
•
•
•
•
•
•
•
•
•
•
ios
-
•
•
•
15,829
Chmpl’n,NY
42,726
Charlstn, SC
Ch’stone, Ya
Chicago, Ill.
Corpus Chris
Cuyahoga, O
•
•
$492,902
•
•
.
.
•
*
*
1
•
.
.
.
.
.
•
•
.
.
•
•
Providence.RI
.
.
.
.
.
...
-
•
*
....
670
63,824
21,246
•
•
•
•
•
1,143
•
•
•
•
•
•
.
•
•
•
13
•
•
•
•
•
....
....
....
....
•
•
•
•
•
•
•
•
•
.
.
•••
•
•
•
•
•
•
•
•
*
•
•
•
•
•
•
•
•
.
•_
M’town. Ct
•
•
•
•
•
•
•
•
•
•
•
•
.
.
....
....
•
•
•
'
•
•
••
Vermont, Vt.
V'cksb’g Miss
Wal’ boro, Me
11,600
177
..
•
*403
•
24
•
,
251
10,091
....
•
2,117
•
•
.
52,594
6,237
....
*
•
43,652
83,639
2,441,403 1.314327
141,810 2,833,554
•
.
•
•
•
•
.
•
*
....
•
1,527
•
....
Mar'head, M
Miami, Ohio
Mic’gan, Mh
•
•
18,649
S.Francisco.C
Savannah, Ga
2,017 S. Oregon, Or
...
•
•
•
•
....
St.Aug'tine.F
St.John's, F..
St.Mark’s, F..
3,960
St.Mary’s, Ga
Stoninglon Ct
415,603 42,453 Superior,Mich
Tap’nock, Va
15,20*
Teche, La.
•
•
4,532
59
•
....
.
98,471 2,415,581
5,069
•
•
....
Harbor, NY
Salem, Mass..
Sal aria, Tex..
San Diego, Cal
Sandusky, O.
....
21,924
•
•
3,272
S.
....
...
•
....
Saco, Me
....
....
.
•
1,664
.
•
.
•
•
•
....
.
76
8,271
*
....
.
•
7,566
1,320,760:
.
•
•
25,977
‘
f
...
10M21
6,038
....
....
2,756
.
....
*
...
149
Newport, R.I.
New York,NY 24,675.416
869,279
*
199.455
Niagara, N.Y.
1,914
*
Norfolk, Va..
6,223 1,919,208
99,481
Oregon, Or...
£8,420
O’gatchie, NY
33,243
10
Oswego, NY..
2 659
Pamlico, NC..
3,54
P del Norte, T
7,207
P’q noddy, Me
694
58,86)
81,274
900
P. River, Miss
14,772
462
Pensacola, F..
211,377
2,310 P. Amboy, NJ.
4,246
Petersburg,Ys
Philadelphia.. 1,162,108 3,905,932 4,024
1,6S4 Plymouth, Ms
2,931 Porttand, Me..
70,467
406,oia 38*,i83
530
Po’mouta, NH
•
.
....
-
Milwank, V
Min’sota, M.
Nw Haven, Ct
N London, Ct
N Orleans, La
131,364 2,952 Pt. Sound, WT
Richmond, Ya
,
66,026
4,450
...
Edgart’n,Ms
Genesee.NY
•
•
...
...
Erie. Pa
273
....
....
•
•
....
•
....
Dnnki'rk NY
EastDist,Md
•
•
~
•
....
Newark. NJ..
N Bedford, Ms
....
....
51,197
•
•
....
•
14,563
50
6
•
....
75,218
•
•
....
....
•
•
•
*
2),l37 2,975.431
•
$
Exports.—,
For’n.
$
$
214,896 3,494,532
'•
....
21,845
•
•
6,103
137
Delaware, D
Detroit, M’h
Duluth, Min
.
125,696
19,896
•
.
....
....
.
$16,602
$501,57
1,128 Nbnryport,Ms
.
,,
152,461
.
...
....
CVlnc’t.N*
Cnstine, Me.
$8,497
25,256
$815,354
322,453
Imports. \
Mobile, Ala...
Montana, Ac..
Nantucket,Ms
Natchez, Miss
....
916
1,2)4
.
Customs
Districts.
....
1,978
Beaufort,NC
278,266
Beaufort SC
75
Belfast, Me.
Boston, Ms.. 2,520,69) 8,8S2,083
t
Brazos, Tex
Bridget’nN I
7,232
$16,602
*
•
...
•
....
23,621
$41,858
836,010
IMPORTS AND EXPORTS FOR JANUARY, 1878.
Statement, by Customs Districts, showing the values of mer¬
chandise imported into, and exported from, the Uhited States
during the month of January, 1878:
•
$7,821
(304 miles.)
$60,201
41,041
$
$493
$24,307
21,655
Galvest’n, T
$15,053
$28,280
45,309
$47,965
36,753
Operating expenses
...
$7,821
$45,802
$48,955
40,802
earnings
St. L. A So. Eist.—Ky.
Gross earnings
$303,476
•
$28,280
$493
earnings
$479,667
•
$45,8)2
45.309
Operating expenses
$303,476
•
$76,329
earnings....
F.Riv. Mass
Fernandina.
F. Bay, Me.
•
$81,975
Oper'g and other exp'ses.
5 i 3,359
$28,899
156,221
’
$876,835
$19,163
$15,110
13,880
565,800
Net earnings
Net earnings
$16,546
11,695
$1,045,467
$8,497
Denver A Rio Grande —
Gross earnings
$15,110
13,880
573,3.9
$3,278
Net earnings
$16,546
11,695
$876,835
23,621
Net earnings
Dakota Southern —
Gross earnings
Operating expenses
$63,475
Fairfield, Ct
Quincy—
Expenses
$78,752
Br’lAW’nRI
/-Jan. 1 to Jan. 81.-,
1878.
1877.
Burl. Cedar Rapids A North.—
Chicago Burlington &
$63,475
earnings
....
earnings for the month of January, and from January 1 to January 31, of
ell the roads that will famish statements for publication:
Net earnings
$78,752
Net
Paducah A MemphisGross earnings.
Operating expenses
Bath. Me.
The statement below gives the gross earnings, operating expenses and net
$165,412
91,866
$150,466
86,991
Bangor, Me.
GR03S EARNINGS, EXPENSES AND NET EARNINGS.
earnings
Operating expenses
$177,c06
99,054
B’stable, M's
106,826
12,054
.
Gross
$150,466
86,991
Baltimore.. 1,875,844 4,173,581
11,361
41,232
3),610
27,340
17,522
9,870
10,437
$5,121,753
$169,891
•ATxdria,Va.
30,597
15,532
40,467
$210,000
earnings
Customs
GROSS EARNINGS IN JANUARY.
$142,537
1.045,467
1,017,891
15,053
56,963
490,000
$169,891
Net
13,809
t t From January 1 to February 22.
The fo lowing companies have but recently reported their earnings for Jan.
Atlantic Miss. A Ohio....
Chic. Burl. A Quincy....
Chicago A Northwest....
$210,000
Nashville Chatt. A St. L.—
Gross earnings
$177,8)6
Operating expenses A taxes 99,054
1,690
27.679
'
* Three weeks
only of February in each year,
t From January 1 to February 23.
1878.
$445,768
275,87?
Net earning#. .
Sioux City A St PaulGross earnings
Operating expenses
11,550
27,295
88,159
729,610
471,711
206,536
....
$
16,786
43,435
74,850
Dec.
$85,285
170,559
531,242
404,205
29,733
$490,000
280,COO
St L. A So. East.—St. L. Div.—
* Three weeks
only cf February in each year,
t For the four weeks ended February 23.
2 For the four weeks ended February 22.
The Illinois Central also earned, in addition to the above, $11,243 oh the
$356,500
275,877
$145,660
451,672
At Top. A Santa Fe
Burl. C. Rap. A Northern.
Central Pacific
$445,768
2,984
23,994
r—Jan. 1 to Jan. 81.—\
1578.
1377.
1877.
$470,000
280.000
10,507
$5,369,421
GROSS EARNINGS XBOX JANUARY
Louisville A NashvilleGross earnings
Operating expenses
•
8,073
19,687
12,185
106,049
•
24,114
265,339
167,178
231,617
$5,821,093
Net increase
858.866
100,257
82.145
•••
26,081
264,118
1,853
10,066
45,910
52,531
5,547
703,110
817,964
13,187
85.0T8
841,H00
234,661
S*•
28,829
18,709
80,380
19,894
1878.
Dec.
.
254,233
49,967
■
>
Willamette.O.
Wilm’ton, NC
Wiscasset, Me
York, Me....
York town, Ya
Boston, 100,109.
t Not reported—Brazos, Tex.
The following we the totals for the month of
.
.
.
.
15^000
207.691
875
•
•
•
•
•
« •
857,563
•
...
♦
$176,265
130,008
January:
Imports...$35,620,190) Domestic exports.$69,331,7451 Foreign exp’te.$l,125.950
$46,257
Specie value of domestic exports, $67,944147.
V'rf
March
THfci OHKuNICLR
9, 1878. j
Amount
Comparative statement of the imports and exports of the
United States for the month ended January 31,1878, and for
the seven months ended the same, compared with like data for
corresponding periods of the year immediately preceding:
the
^SPECIE VALUES.]
Month
of
Merchandise.
,
.
ended
Month
of
7 Mob.
ended
Jan. 31.
January.
Jan. 31.
7 Mos.
January.
1877.
/
$67,940,147 $386,976,360 $63,3*7,391 $364,687,333
1,123,950
8,117,992
962,562
8,023,683
Exports—Domestic
Foreign
Total
35,620,199 259,485,215
Excess of exports over imports
Excess of imports over exports
Gold dk Silver (coin & bullion).
Total
$2,545,683 $20,784,218
417,0<5
2,996,071
$3,625,754 $18,742,525
1,685,115
13,829,596
Imports
Excess of exports over imports
Excess of imports over exports
Total Merchandise and Specie.
$1,940,639
$4,912,929
5,144,891
$2,962,763 $25,929,109
2,139,251
31,286,931
$71,153,143 $402,722,814 $66,093,074 $335,471,551
Exports-Domestic
Foreign
1,538,708
Total
11,114,061
1,379,647
13,168,574
$72,6)1,851 $413,336,877 $67,472,721 $396,640,125
87,305,303 273,314,811
39,834,537 263,927,599
Imports
Excess of exports over imports $35,336,545 $140,522,066
Excess of imports over exports
$2,250,237
18,121,094
30, 1877.
Interest
Character of Issue.
Central Pacific
Kansas Pacific
Union Pacific
Central Branch, Union
Western Pacific
Sioux City and Pacific
Amount
Act.
Jane 14, ’58
Feb.
8, ’61
March 2, ’61
5s of 1858
6s of 1881
6s, Oregon War..
6s of 1831
6s of 1881
July&A.,’61
March 3, ’63
March 3, ’64
5s, 1940’s
6a, 5-208 of 1865, new. March 3, ’65
MarchS, ’65
6s, 5-20s of 1867..
March 3, ’65
6s, 5-208 of 1863.
5s, Funded Loan, 1881 July 14,’70
1891 July 14, ’70
4*s,
do.
1907 July 14,’70
4s,
do.
When Pay ble
Interest
Periods.
1874
1880
1:81
1881
1881
1904
1835
1887
1883
1881
1891
19j7
J.
J.
J.
Bonds
<0
N
Outstanding.
33 Registered.
J.
J.
M.
J.
J.
J.
& J.
& J.
& J.
& J.
& J.
& S.*
& J.
& J.
& J.
Q.-F.
Q-M.
Q.-J.
Coupon.
a
$260,000
b
13,828,000
Coupons of $50 and $100 bonds
The
are
4,537,000
945,000
62,978,250
24,045,100
52,003,050
c
d
d
d
d
d
d
d
,
,
•
•
126.343.100
53.954,900
142,563,250
50,849,050
100.319.100
15,775,000
224,388,300
121,912,450
61,541,300
$911,734,450
*
6
66.053.100
210,297,950
21,693,800
284.052,050
78,087,550
14,308,700
.
$816,043,050
paid annually in March.
denominations of each issue of bonds are as follows: (a) Coupon
registered $5,090. (6) coupon $1,000, registered $1,000, $5,030, $10,000,
$100 and $500. (d) coupon, $50. $109, $500 and $1,000, registered, same
sizes or
$1,000,
(c) $50,
and also $5,000 and $10,000.
On the above issues of bonds there is a total of $4,909,705 of interest over-due
and not yet called for. The total current accrued interest to date is $17,227,U0.
Debt Bearing: interest In Lawful money.
|
Principal. Interest
6,303,000
27,236,512
1,600,000
1/70,560
1,628,320
Pacific..
4,049,313
15,969,801
1,021,808
1,017,964
926,951
Debt
There is
Which Interest Has Ceased Since
total amount of over-due debt yet outstanding,
on
a
maturity.
which has never
presented for payment, of $7,235,760 principal and $436,513 interest.
this amount, $6,475,659 is on the “called” five-twenties.
Debt Bearing no Interest.
been
Authorizing
Character of Issue.
Old demand notes....
Legal-t-ender notes...
Acts.
-j
-j
July 17, ’61
Feb. 12,’62
Feb. 25, ’62
July 11, ’62
Mar.
3, ’63
Certificates of deposit.. June
8, ’72
J.
Issues.
-1
Coin certificates
,te of debt
interest
Unci
July 17, ’62
Mar.
June
Prior to 1869.
Series of 1869
Series of 1874
Series of 1875
$20,348,213
157,894,150
41,555,670
128,819,991
Second
3, ’63-( Third
30, ’64 I Fourth
The
March
following is a comparison of the condition of the Treasury1
1, 1877, and March 1,1878:
Balances.
1877.
currency
Coin
Coin certificates
90,263,781 44
52,146,700 00
Coin, less coin certificates
38,117,071 44
Outstanding called bonds
Other outstanding coin liabilities
Outstanding legal tent?era.
Outstanding fractional currency.
Outstanding silver coin..
Total debt, lees cash in Treasury
Reduction of debt for February
Reduction of debt since July 1
Market value of
7,826,550 00
9,070,572 41
364,239.43100
24,484,420 35
28.683,170 01
2,083,781,113 04
gold
422,913,252 00
Exports (12 months ending Jan. 31)
603,418,793 00
tateat Manetaru anfc dammcrual
48,453,000
$442,8:2.124
7,267
Amount
bearing Interest
Bonds at 6 per cent
Bonds at 5 per cent
Bonds at 4* per cent
Bonds at 4 per cent.
in
Interest.
EXCHANGE AT LONDON—
FEBRUARY 22.
70V<6h.650
200,000,000
75/50,000
Navy pension fund at 8
ok which
•
-
■Total debt
bearing no interest
Unclaimed interest
.
Total
■«»
j sot presented for payment
$22,136,856
............
14,000,000
7,235,760
70,090
486,513
•
•
^
Total debt, principal and interest, to date,
52
09
17.190,698 H
33,489,490
9,042,037,129
2,250,237
18,121,094
94
0$
li-l
87
18.
lg
477,712,900 On
622,167,514 Oo
,
.
.
"'T3
®ngiUl) Nero*
TIME.
LATEST
RATE.
TIME.
BATE.
DATE.
Amsterdam
short.
Amsterdam... 3 months
4%
Berlin
...
44
Hamburg
12.lKai2.2i4
12.3*@12.4
J0.52
20.52
.0 5)
@20.56
@20.56
«(
Frankfort
@20.56
short.
Paris
25.12* $25.22*
3 months. 25.28* $25.23*
Paris
i5.S9 @25.35
Antwerp
(«
8:. Petersburg
*5*
@25*
44
12.10 @12.15
Vienna
44
47
Madrid
@47*
47 *@47*
Cadiz
51 *@52
90 days.
Lisbon
Milan
3 months. 27.70 @27.75
44
27.70 @27.75
Genoa
<<
.7.70 @27.75
Nipple®,
Feb. 22.
short
•
....
Feb.
Feb.
Feb.
Feb.
2\
22.
23.
22.
•
•
short
3 mos.
short.
•
12.12
•
4
20.37
20 37
20.37
25.14
....
.....
Feb. 22
short.
25.14
Feb. 18.
Feb. 22.
Feb. 18.
3
•
%•
mos.
25*
119.UO
47.95
New York
Rio de Janeiro
Pernambuco.
....
•
•
•
•
•
•
•
•
•
•
60 days.
44
Calcutta
Hong Kong...
Shanghai
•
•
•
•
•
....
•
•
•
•
•
•
\s. 8 15-16(2.
is. 8 15-16d.
•
•
•
•
• ••»
•
•
i*
....
•
•
a
•
•
Feb. 22.
«
Feb.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Feb.
•
•
•
short.
.....
...,i
27.25
a
22.
9.
60
90
11.
1.
21.
SO.
18.
18.
13.
days.
days.
*4
44
6 mos.
»4
44
3
mos.
4/2*
23 15-lti@24
24*@24*
Is. 9*</.
Is. 9 7-lKrf.
3 8. 1 !*<*.
5s. 5* if.
96*
LFrom our own correspondent]
London, Saturday, February 23, 1878.
passed through another week, if not of political
excitement, yet of political tension, and business is, of course*
without improvement.
Prince Bismarck has addressed the
members of the German Parliament, but his remarks have not
We have
He wisely perceives
have powerful enemies on
both sides, and as the German people are impregnated with the
belief that some day France will make an effort to recover her
lost provinces, wisdom points to the necessity of being friendly
of Ger¬
unquestionably, it is a matter of deep im¬
$848,680,426
portance. Prince Bismarck also alludes to the desirability of a
28,555,00.
free Danube, which is most essential for the commerce of Ger¬
17,190,698
49,456,000
many, but especially of Austria and the Sonth German States.
Should there be any indication of any unfavorable change ill
$442,832,124
.7,267
existing arrangements, the Prince will, no doubt, exert his influ¬
$2,191,900.3S4
$22,700,666 ence to prevent it. The question of the Dardanelles he qofi-.
Including interest due
2,2*4,601,050 eiders has assumed a too great importance; but on that point
per cent
Int. has ceased since Maturity.
Debt bearing no Interest—
Old demand and legal tender notes...
Certificates of deposit....
Fractional currency. Certificates of gold deposited.
Debt
00
00
i
ON—
that it is to German interests not to
$749,665,850
$1,727,782,500
81,862,156
6.475,650
5,539,020
348.618,024
EXCHANGE ON LONDON.
materially changed the position of affairs.
Coin-
Total debt bearing interest in coin
Debt bearing Interest in Lawful Money—
28,555,000 00
131.318.156 09
48,456.000 09
RATES OF EICHANOB AT LONDON AND ON LONDON
AT LATEST DATES.
17,199/98
Recapitulation.
Debt
10,000/00 09
.
4,160,977
Oatstanding.
$2,690,765 09
104 87
Alexmdri*....
bearing no interest,
2/70,429 06
10,638,201 95
Imports (12 months ending Jan. 31)
Bomoay
348,618,0:4
28,555,000
3,’63
1878.
$9,122,874 05
Special deposit of legal tenders for redemp¬
tion of certificates of deposit
34,415,090 00
.
2,635,587
1,008,597
855,791
$64,623,512 $37,896,331 $9,159,131
Valparaiso
4,291,078
3,114,108
3,01^,996
Fifth
Mar.
Total.
Amount.
2,516,858
10,754,768
956,559
44
$62,402
First
Fractional currency
Of
1,532,484
5,215,032
65,243
9,367
71,160
The Pacific Railroad bonds are all issued under the acts of July 1,1862, and
July 2, 1864; they are registered bonds in the denominations of $1,000, $*,000
ana $10,000; bear 6 per cent interest in currency, payable January 1 and July
1,
and mature 30 years from their date.
....
3s, Navy pension, Act July 23,’68, Int. appl’d only to pens’ns, $14,000,090! $70,000
Balance of
$25,885,120 $14,910,465 $2,265,838 $12,644,627
.
Auth’rizing
Interest
repaid by Int. paid
Outstand’g. United St’s tr’nsp’t’n. by U. S.
paid by
Special fund for the redemption of fractional
Character of Issue.
Companies. Interest
Payable In Lawful money.
Currency...
Debt bearing interest in Coin.
$173,563 921
2,042,037,129
2,014,287,36*
Bonds Issued to the Pacific Railroad
$27,638,184$134,712,526
THE DEBT STATEMENT FOE FEBRUARY. 1878.
The following ia the official statement of the public debt as
appears from the books and Treasurer's returns at the close of
business on the last day of February, 1878:
10,000,000
deposit
pas
une
$823,517
$5,357,822
or
28,555,000
37,695,286 232,649,668
$3,312,993 $15,746,454
412,753
redemption of certificates
;
Decrease of debt during
Decrease of debt since«
$33,445,907 $133,609,137 $26,814,667 $140,070,318
Exports—Domestic
Foreign
redemption of fractional currency,
Debt, less amount in the Treasury, March 1, 1879.
Debt, less amount in the Treasury, Feb. 1, 1878...
$6),066,097 $3)5,094,252 $64,509,933 $372,711,016
Imports
131,318,15*
2,690,765
Currency
Currency held for the
Total
1878.
Treasury—
in the
Coin
Special deposit held for
as provided by law
Corrected to March 4, 18T8.
,
229
...
I** uu vwgji
•••
•
• •*
•
with Russia.
man
That appears to be the more prominent
interests, and,
THE CHRONICLE
230
doubt that the naval powers of
the Mediterranean
will see that they shall not he sufferers by any new agreements
that may be entered into. The fear is, of course, that with the
Dardanelles strongly fortified, Russia, if she has the means
to build and maintain a large fleet, would be in a position
of great strength; but, as this question is to be discussed
at the
Congress, should nothing intervene to prevent
it, the Powers ought to make a beneficial arrangement
respecting it. The meeting of the Conference, however,' is
Still, delayed.
One Power, said Lord Derby on Thursday,
may possibly object to tie time, and may ask for a further
delay ; but which Power is alluded to has not been ascertained.
It cannot be said, however, that, although the majority of the
Powers will meet with a sincere desire for peace, the hopes of a
pacific result are very sanguinely entertained. Such a termina¬
tion is obvioasly desirable ; but Russia thinks that now, if at any
time, is her opportunity to realize a long*cherished ambition; but
she may have been too sure of success.
There is, certainly, no
unanimity amongst the Western Powers. Some recommend an
Anglo-Austrian alliance, while others regard an alliance with
such a country of mixed nationalities as by no means conducive
to our interests.
Again, others say that should there be such an
alliance, Austria should attend to her interests on land, while
we should look after ours on the sea; but Austria would regard
an alliance now, much as marriage, for better or worse, and
would scarcely like to leave this country the comparatively
simple work of bombarding a few fortresses and keeping open a
waterway. Austria, likewise, seems to desire no addition to the
number of nationalities over which she rules, and is not likely to
oOvet tha Principality of Bulgaria.
It would be impossible for
England to undertake any work of government io that country,
and, as matters seem at present, that provioce musi more or less
fall to the sway of Russia. It is, of course, proposed that
that Principality shall pay tribute to the Sultan, but with
Turkey in Europe decaying rapidly, a time will come
when independence will be possible. The real terms of peace
have yet to be made public, and if it be trne that Namyk Pasha
has gone to St. Petersburg on a special mission to the Czar, to
lie feels
obtain
no
modification of them, it would seem tbat there is
some
still some concealment. The terms which have been made pub*
lie, though onerous, were such as to form a basis of settlement;
but those terms havs
now
been known for several weeks, and yet
lea*n that
negotiations at Adrianople are broken off. It may
for Russia and Turkey
of the negotiations, as
the war was between themselves, and, consequently, peace must
be made between themselves. That may be true, but it must be
a peace which Europe can recognize and hence the anxiety which
prevails at what appears to be unnecessary delay.
Considerable sums of money are now being paid into the treas¬
ury, and the supply of floating capital is rather diminishing.
There is also a demand for gold for export, and capitalists are,
therefore, less willing to lend. The supply of mercantile paper,
however, is very limited, and, consequently, no material advance
has taken place in the rates of discount. The trade of the coun¬
try is,-of necessity, extremely quiet, and, under the circumstances
ftny improvement is impossible.
The quotations for money are
We
be said, indeed, that there is no necessity
to make such haste in disclosing the state
.
as
follows:
.
Per cent. ]
2
|
Open-market rates:
4 months’ bank bills
(
6 months’bank bills
Bank rate
Open-market rates:
30 and 60days’ bills
1*(&...
S months’bills
j
!
4 and 6 months’ trade bills. 2*@-3
The rates of interest allowed by the
discount houses for
.
deposits
are
Per cent.
2 (&2X
2k@...
subjoined
joint stock banks and
:
Per cent.
*
Jofnt-stocKbank8
Discount hontes at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
1
1
*
rvou xxvl
1874.
£
3* p.c.
1875.
£
3* p c.
62s. lOd.
3d.
419. 6d.
to.
Is. id.
id.
1*.
Consols.
1876.
£
7*d.
Clearing House return. 10?,365,000
97,0S0,0t0
2 p. c.
£
2 p.c.
j
95*
94*
,
1878.
£
4 p. c.
98*
Mia. TTpland cotton...
No. 40’s mule twist,fair
2d quality
1877.
95*
47s. 6d.
6 5-16d.
5to. Od.
508. lid.
6*d.
«*d.
lltfd.
87,835,000
lid.
lOd.
90,931,000 116,433,009
The
probability of the Bland Silver bill becoming law hat
a marked influence upon the silver market, and at one
period of the week 55d. per ounce was obtained. There is now
rather less animation, bnt there has been no material relapse.
Gold is in fair demand for export, and. the bulk of our imports
is taken for transmission abroad.
The following are the present
quotations for bullion:
exerted
GOLD.
Bar G'dd, fine
Bar (told, reflnable
Spanish Doubloons...
South American Doubloons.
United States Gold Coin
German gold coin
.....
74
per oz.
per oz.
.Bar Silver, con’ng 5 gra. Gold
are
Spanish Dcllars (Carolus)
Five Franc Pieces
The
following
foreign centres:
are
v-
Berlin
4
Hamburg
4
Frankfort
4
Leipzig
4
5
Genoa....
Geneva.
Brussels
..
..
....
....
55)6
@55X
&
&
&
Discount, 3 per cent.
the current rates of discount at the principal
Bank
...
....
d.
per oz.
per oz.
rate.
Pans
Amsterdam
....
396®
last price
per cz.
Quicksilver, £7 5s.
....
3*<I
76
d.
....
d.
Silver, fire
Mexican Dol
s.
77 IO*®
78 0 &
74 3 &
73 9 <a
SILVER.
Bar
d.
s.
per oz. standard.
per oz. standard.
per oz., nominal.
per oz.
peroz.
per oz.
Open
1I
mark’t. 1
P-cI
1*
2*4
7*
2*4
4*4
3
3
2*4
2*
'
•
11 Vienna and Trieste...
| Mairid.Cadiz and Bar|
celona
II Lisbrn and Oporto..
1
St. Petersburg
New York
.
Bank
Open
rate.
mark’t.
p.c.
4*
6
6
6
•
| Calcutta....'
i Copenhagen
6©7
5
4*
•
•
9
4X©5
1
■*
586*
4*®5
The
weekly sale of bills on India was held at the Bank of Eng¬
Wednesday, and the whole amount, viz £300,000 on Cal¬
cutta, was disposed of at Is. 9d. the rupee.
The stock markets were firm in the early Dart of the week; but
have since become dull, the delay in the peace negotiations, .and
the concentration of Russian troops In Rcumelia, which is believed
to be taking place on a large scale, having been the cause of con¬
siderable anxiety with regard to the future. Notwithstanding
the very general belief that the Bland Silver bill will become
law, United States Government seenrities were firmer in the early
part of the week ; but the market has since presented a quieter
appearance, some Iona fide sales having been made at a time
'when investors show no inclination to invest. As it is stipulated
in the Act of Congress that the interest on the United States
debt will be paid in coin, of the standard value of the country,'
and that at the time the contract was made, that standard was
gold, it is still expected that no change will be made in the mode
of payment. The contractors for the loans introduced in this
and the Continental markets have added the word “gold,” and
have omitted “ of the btandard value of the country.” This they
were justified in doing; but a difficulty has been brought about,
and the holders of American securities are necessarily very
anxious, as they are now uncertain as to their receiving thei*
interest in gold or silver. Rather a considerable amount of bonds
has recently been sold, but it is understood that purchases for
export have been upon an important scale, and hence the down*
ward movement in prices has been checked. It is very evident
that if the Government of the United States elect to pay in silver,
American credit will suffer, and it will be found to be difficult
to introduce loans in this country, except upon terms which
capitalists will regard as low enough to justify the risk of a set¬
tlement in a medium the value of which is liable to considerable
land
on
,
fluctuation.
buyers of wheat are still disposed to take a sanguine view
political future, and consequently they are not large oper¬
Annexed is a statement showing the present position of the ators in wheat.
Peace will, of course, bring with it more ex¬
Bank of England, the Bank rate of discount, the price of Consols, tensive supplies, and hence if the trade can assure itself that,
the average quotation for English wheat, the price of Middling before
long, there will be both peace and plenty, the more judi¬
Upland cotton, of No. 40’s Male twist, fair second quality, and cious course is to operate with caution. Holders, however, are
the Bankers’ Clearing House return, compared with the four not
pressing sellers ; but the tendency of prices is, nevertheless,
previous years:
adverse to them, and in some instances they have been compelled
1574.
1875.
1876.
1877.
1878.
to submit to a slight reduction in prices.
As regards the politi¬
Circulation—i nclndi ng
£
£
£
£
£
bank post bi la
25,203.721 25,680,568 26,577,480 27,457.610 26,584.674 cal situation, it must yet be admitted thaf; great uncertainty and
Public deposits
8.680,641
8,940.446
6,676,' 83
6,857,731
6,524,776
Other deposits
There is yet much to be knbwn with regard to
17,681,844 17,559.829
23,152,710 21,529,721 anxiety prevail.
1*
^
Government securities. 13,806.607
Other securities
17,632,576
Reserve of notea and
13.603,764
coin......
13.150,146
Cota A bullion in both
departments
2 *,987,985
10,637,828
11,855,70
22,064,633
28,062,580 26,758,304 21,730,738
..
Proportion of
18,18*3,042
13,385,914 16,026,176 15,203,201
19,461,497 17,576,1*49 17,672,838
14,581,064
13,401,738
reserve
to liabilities
•
••••
The
l*
•••«
••••
48*14
4734
of the
the terms of peace,
and the meeting of a Conference or Congress
regarded as doubt fnl. There ie, naturally, a desire shown
look upon the future in a favorable light, but this does hot
is still
to
alter the fact that that future is involved in great uncertainties. .
The weather daring the week has been very mild, and there
231
THE CHRONICLE
$Mabcii 9, 1878.]
ssr*
agricultural work.
Commercial ani> miscellaneous Ncms.
of view, is promis¬
ing, as the young wheat plant looks well, and spring corn is
Imports and Exports for the Week.—The imports last
week showed a decrease in both dry goods and general
likely to be soon under favorable conditions;
The total imports were $5,652,404. against
The following figures show the imports and exports of cereal merchandise.
$6,456,383 the preceding week and $6,411,214 two weeks pre¬
produce into and from the United Kingdom since harvest, viz.: vious. The
exports for the week ended Mar. 5 amounted to
from the 1st of September to the close of last week, compared
$8,147,765, against $7,313,838 last week and $7,283,351 tbfc pre¬
with the corresponding periods in the three previous years;
vious week. The exports of eotton for the week ending Mar. 6
btve been no hindrances to the pursuance of
13m state of affairs, in an agricultural point
■■
—
■
1
—
■ ■»
■■
IMPORTS.
1878-7.
1875-6.
1874-5
17,836.431
6,933,873
29,136,396
5,201.249
4,7*0.854
18,702,097
857.726
955,913
1,166,761
1877-8.
Wheat
cwt. 28,197,542
Barley
7,4fi8,0;7
6,754,153
91 *,549
Oats
Peas
Beans
Indian Corn
5,036,761
713.4)2
2,074,966
15,122.215
1,941,263
1<,8C3,0S0
4,074,104
Hour
8,252,453
4,468,864
1862,090
9,8ti4,9-i0
3,295,837
2,867,038
6,597,816
3,72f,659
ZXFOBTS.
wheat
............
Barley
Beans....
Indian Com................
Flour
were 19,150 bales, against 8,742 bales the week before. The fol¬
lowing are the imports at New York tor week ending (lot dry
goods) Feb. 28 and for the week ending (for genera) mer¬
chandise) Mar. 1:
TORSION IMPORTS AT NSW YORK TOR THS WEEK.
13.497
14, 95
140,2b0
12,761
10,735
16,020
4.857
1,204
51,211
23,063
255,619
19,128
21,093
10,024
86.618
57.464
12,274
33.207
1878.
1875.
1876.
1877.
$3,713,541
$2,773.(41
7,086,316
3,926 61O
$2,132,672
4,487,141
$2,351,173
3 301,131
Tote) for the week.
$10.819,§58
$«,619,t34
56,100 0t7
53,764,683
$4,619,813
46,421,431
$5,632,404
Previously reported....
$66,819,993
$50,461,537
5153,044,214
$49,924,161
Drygoods
General merchandise...
151,435
152,036
66,947
15,347
30,550
£3,513
Oats
Peas
110,064
590.264
16.180
979.31?
....€WW
....
,
Since Jon. 1
44.271,760
In
our report of the dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
of
During the week ended February 16 the sales of English wheat Mar. 5:
XXPOBTS THOM NSW YORK FOR THS WEEK.
in the 150 principal markets of England and Wales amounted
1878.
1875.
1877.
1873.
to 40,095 quarters, against 41,440 quarters last year; and it is
For the week
$8,147,765
$3,469,010
$4,498,987
$4,900,232
estimated that in the whole kingdom they were about 160,000 Previously reported.... 35.892,266
52,446,92$
37,619,932
42,875.118
quarters, against 166,000 quarters. Since harvest, the sales in the
Since Jan. 1
$39,161,335
$42,148,919
$47,775,850
$53,591,631;
150 principal markets have been 1,099,384 quarters, against
The following will show the exports of specie from the-port of
1,203,339 quartern; while it is computed that they have been in New York for the week ending Mar. 2, 1878, and also a com¬
the whole kingdom 4,397,500 quarters, against 4,813,220 quarters parison of the total since Jan. 1, 1878, with the corresponding^
in the corresponding period of last season. Without reckoning totals for several previous years:
Liverpool
the supplies furnished ex-granary, it is computed that the fol* Feb. 27—Sir. Fcythta....
Amer. silver bam. $33,900
Feb. 27—Str. Columbus
Havana
46,800
Span, donbloo s..
Hamilton
Am r. gold coin..
8*
lowing quantities of wheat and flour have been plac.d upon the Feb. 21—Star. Canim-i
Mar.
Mar.
British markets since harvest:
1877-8.
Imports of wheat
Imports of floor
Sales of home-grown produce.
Total.............
1876-7.
1875-6.
cwt.
cwt.
Exports of wheat and floor...
20,871,600
42^2 919
.51,327,346
1,001,4.0
•
Result
60.325.938
Aver, price of Eng. wheat for season 53s. 6d.
53,306.023 49,851,018
1*0 Of 8
188,073
41.76S.581
53.185.933
49,664,9l3
48s. lid.
46s. Id.
44*. 6a.
Bafllsh EarXet Report*—For Cable*
The daily closing quotations in the markets of Loudon and Liver¬
pool fortho past week have been reported by cable,
shown in
as
the following summary:
London
of
Money and Stock Market.—The bullion in the Bank
England has decreased £61,090 daring the week.
Bat.
Consols for money.. 95 8-16
44
account.. 96
Mon.
Tnea.
95 9-16
9594
9594
10794
‘9594
-16
Wed
Thor.
1-5 11-13
95 9-16
95 11-16 95 9-:6
10754
107>4
Total since Jan. 1,1878.
1877.
1876
1875
1874
1873
1872.
105*
106
Hetf4*s
104*
104*
105*
194*
103
103*
lu3*
103*
L8 *
ad.
.
(Red winter)..... 44 10 10
44
(Av. Cal. white).. 44
44
(C. Whiteclobl... “
Com (new Wv'mlx.) pHrasr.
Peas (Canadian) W Quarter.
11
11
11
11
26
36
8
9
26 9
6
36
Wed.
e. d.
28 6
Tbur
•. d.
23 6.
9 9
10 10
11 6
11 6
26 6
36 6
9
10 10
11 6
11 8
26 6
36 6
10 10
11 6
tl 8
26 6
36 6
8
9
9
6
d.
s.
Lard (American)....
Cheese (Am. line)....
44
38
44
69
85 0
Tnea.
s. d.
81 0
53
0
f3
0
28 0
27
9
37
6
60
0
s.
.
..§5 0
Pork (Wt. mess)....$ bbl 53 0
Bacon(Pgcl. u.).... 9 cwt 28 0
0
0
d.
37
6J
Fri.
8.
d.
28 0
.
9 9
10 10
11 b
It 8
26 0
86 6
9
9
0
Wed.
6. d.
0
0
6
3
85
12
27
37
69
0
Tbur,
Fri.
a. d.
s. d.
84 ^0
53 0
27 0
37 0
69 0
S3
51
*7
37
69
0
(,
0
0
0
Liverpool Produce Market.—
Mon.
Bat.
a
K
Rosin (common)... 9 cwt..
44
(fine)...
5
“
10
d.
a.
Tues.
s. d.
5 8
10 0
d.
3
5
3
0
10
0
Petrcfleom(reflned).... V gal
19*
10*
; spirits)
a
7*
*
7*
TallowfprlmeCity)..? cwt 40 6 40 6
_
40
.
25 0
Wed.
s. d.
5
25
25 0
6
0
8
0
10
10*
7*
t,
Spirits turpentine..... 44
..Liverpool
Foreign gold
$101,19$
Feb. 25—Str. Hadji
St Johns
Amer. silver
A m -r. gold
74,548
Feb. 25—Str. Alps..
Aspinwall
Amer. silver
Feb. 25—Str. Hermann
Bremen
Amer. go'd
Amer. Silver • •••
Aspinwall
Foreign gold
Silver bars
8sgar(No.l2 D’ch std)
on spot,
W cwt.....
Mon.
Toeis.
£. s. d. £ s. d.
9 10 0 9 10 0
48
0
Tear
8. d.
5 3
10 0
40
25
8
0
7*
40
25
0
5
10
10*
10*
7*
3
Fri.
8. d.
.
8
0
40
*5
48
23 s
23
BparniOil.... .-fp ton..75 0 0 75 0 0 75
6
0 0
0 0
While Oil...... 44 .35 0 0 35 0 0 85
oil**#*^ ton .25 10 JS 25 15 0 25 10
0
Wed.
£ 8. d.
9 10 0
43 0
Thnr.
t. d.
9 10 0
48 0
£
I
•
«•••••••
•
1876
1875
1874......«.
1873
1872
.,
0
23
0
6
0
0
25 10
0
75
3?
0
23
0
35 0
25 10
75
•
•
........
101,191
88
365
Amer. void
4.609
2,428
2,100
Foreign gold
Amer. gold
$734,074
2,895,27$
$3,679,348
Same time in—
$3,351,470 1871
587,401
.
2.421.692
....
*
1,018,542
2--8.01S
278.521
$2,710,67$
8.496,796
2.23M7T
1.108.91*.
£70,09$
.
1870
1869....
1868.
18t>7
The transactions for the week at the Sob-Treasury have
follows:
Payments.
■Receipts.
Customs.
Mar.
•*
44
44
•«
“
Gold
$319,000 $1,171,649 81
443000
1.149,571 92
1,186,14) 73
452,037
2..
4.
5.
6.
7.
261.000
243,000
87»,000
s.
Balance. Mar. 8.
299.561 47
1, <05.5*1 42
1,804.093 14
Currency.
Gold.
$441,940 07 $2,181,912 60
563,487 40 1.475,993 81
757,099 95
602,459 02
519,415 60 1,267,753 89
455,6)1 64
F4s«-4 31
785.148 51
529,481 66
been
■*
Currency.
$638,210 IS
854,095 61
552,615 88
737,368 65
984.998 46
46i,t8tt 90
$8,510,768 06 $6,923,506 47 $4,23,168 1$
35,004,225 08
107,881,739 97 84,292,8*9 45
Comptroller of the Currency, Hon. John Jay Kqox,
following statement of the currency movements and^
Treasury balances for three months past:
From the
have the
we
IP*
7*
3
0
Fri.
8. d.
9 10 0
48 0
£
8
23
0
0
0
0 0
85 0 0
25 10 0
75
1
•
3,268
is
Amer. silver
Amer. gold
.-
Same time in—
•u
486,665
Gold bars
•
TJ.S. Bonds held as security from Nat.
Bonds for circulation deposited
Bonds for circulation withdrawn
Tbtal held for circulation.
Bonds held as security for depo its
3
Dec.
.$2,331,(00
B'ks.—
Feb.
Jan.
$1,*78,103 $2,090,65(1
^
1,870,150
1,*34,* 00
1.763,606
846,181,550 846 8 2,050 846,622,550
13,988,000
13,493,000
13,693,000,
Legal Tender Notes —
Deposited in Treasury under act of Jane 20,
1874..
Total
23 6
.
Total.
$2,(9.1,000 $6 81B,C18 04
Balance. Mar. 1
107,988.428 40
London Produce and Oil Markete.Bat.
£ s. d.
Uns'd e*ke (obi). 9 tc. 9 10 0
Missed (CaL) 9 qoar.
47 s
specie at this port during the same periods hav$
Feb. 25—Str. City of Brussels
as
Mon.
Beef (prime mess) 9 tc.
5,146-1 If
4,857,88$
3,207,119118r6
Total for tbe week.
Liverpool Provieione Market.—
Bat.
6,934,30*
12.795,305
Total since Jan. 1,1878.... 1
Tuef.
s. d.
28 6
9 9
Mon.
a d
29 0
9 9
10 10
fkmr (extra State)
Vbb) tj 0
Wheat(E. W. spring).Met) 9 9
u
5.948,780
5.984.48311868....
12.067,862 11W7
Previously reported
•
$2,144,90$
$9,863,920
$2,809.811 1 1871
.7,733.281 11870
*4,155.602 11869.
The imports of
been as follows:
Liverpool Breadstuff Market.—
..
..
Same time in-
I
Feb. 28—Str. City of Wasbingt'n.Havana
Mar. 1—Str. Niagara...
Havana.
105)4
104*
sat.
.
.
Same time in—
107*
104*
eottor
$109,999
3,084,961
Feb. *6—Str. Acapulco
10?
105)4
Liverpool Cotton Markit.—See special report of
4,840
Amer. silver bars.
Total for tbe week
Fri.
95 7-16
95 7-16
0.8.6s (5-*0s) 1867.... 106#
0.8.10-40*.....
10494
5s of 1881..
....If8*
102*
20,625
Previously reported
27,427,250
599,397
.
..
..
CW|«
18.7“*,097
3,2*5,637
8.7*2,<69
4,074,904
2,867,019
.19,055,233 21,659,500
For. silver coin
1874-5.
.28,197,342 17.8*6,430 29,139,396
.
Mex. gold coin.
t—Str. Hermann
Bremen
2—Str. Germanic......... Liverpool
now on
C7,5C0
198,000
deposit, Including liquidating
Retirednnder act of January 14,1875... ...
Total retired Under that act to cate
Total amount of greenbacks outstanding..
1,896,512
32,056,224
332,93$
^
11.686,794
492,401
a22,8;9.^76
83,381,971
m
849,943,776 849,110,4 i4 348,618*024
232
THE
IfJVaUonal Bank Circulation.—
*
Dec.
New circulation issued
1,145,640
Circulation retired.
694,833
Total circulation outstanding—Currency... 320,840,385
Gold
1,432,120
Notes received for redemption from—
621,285
320 647,690
New York
Boston
3,244,000
4,881,000
Philadelphia.
9,235,000
7,821,000
1,018.000
46,000
157,030
3,522,000
927,000
,
Cincinnati
Chicago
Miscellaneous
Total
...
Jan.
Feb.
1,012,800
r< 615,500
1,432,120
61,000
165,000
4,171,000
$17,222,000 $18,029,000
Treasury Movements
Balance in Treasury—Coin
Currency
Currency held for
139,518,405
5,498,844
126,882,989
3,170,490
10,000,000
33,424,900
10,000,000
42,733,800
re¬
demption of frac¬
tional currency....
Com certificates outstanding.
CHitONIuLE
653,448
320,557.811
bonds and coupons,
quently tbe
[Vot. XXVI.
\
thereby tainting the latter, and that conse¬
outstanding consolidated bonds, which
amount of
or less invalid, in the
opinion of the committee, is
greatly in excess of half the sum of the bonds and coupons
3,737.000 improperly consolidated—that is to say, instead of there being
only $1,804,358 questionable consolidated bonds outstanding,
' 5,372,000
768,000 these amount really to $2,818,455, leaving outstanding of un¬
28,000
134,000 questionably good consolidated bonds only $1,577,835; total, good
and doubtful, $4,396,290.
3,500,000
The report of the committee is now under consideration in
$13,539,000 both Houses of the General
Assembly. The entire influence of
Governor Hampton is thrown in favor of
recognizing the validity
131,318,156 of all the
consolidated bonds which are outstanding, and also in
2,690,765
favor of consolidating, according to the terms of the
act, the
$2,716,959 bonds which have not yet been consolidated.”
10,000,000
are
more
1,432,120
u
48,456,000
Detroit & Milwaukee#—A London despatch says that the
agreement between English bondholders and the Great Western
Railway Company has been executed. The substance of tbe
agreement is understood to be that the Great Western Company
acquires possession of the English bonds in order to perfect the
foreclosure, and that the Company shall raise means, after the
reorganization of the Detroit & Milwaukee, on a first mortgage
not to exceed $2,000,000.
This money shall go to pay all incumbranches prior to the first and second mortgages of th^ Detroit &
Milwaukee, together with certain other necessary expenses.
These are the Detroit & Pontiac. O ikland & Ottawa, and River
Fronts mortgages, receiver’s certificates, expenses of relaying
tbe road with steel rails, re-equipment and the cost of
foreclosure,
All of which will foot up, in round numbers, $2,000,000.
Southern Pacific
(Cal.)—The Southern Pacific Railroad Com¬
filed with the Secretary of State its annual report for
1877, from which it appears that its capital stock is
$90,000,000; amount subscribed, $38,122,000; amount paid in,
$36,763,900. The expenditures are: for land, $611,036 95; for
construction of road, $63,561,059 ; for buildings, $791,266; for
engines, $533,127; for cars, $1,219,127. The amount received
from transportation of passengers and
freight during the year is
$3,961,606; the expense of running the road for the same time
has been $2,005,338. The indebtedness of the
Company is $30,488,622; 29,300,000 is on first mortgage bonds ; the amount due
the Company is $67,067.—Alti California.
pany has
the year
Virginia Finances.—Governor Holliday takes strong ground
meeting th9 State’s obligations. The House of Dele¬
After those come the first mortgage Detroit & Milwaukee gates, March 6, adopted a resolution instructing the Finance Com
bonds, $2,500,000 ; second mortgage bonds, $1,000,000; coupon mittee to report a bill for exchanging the bonds of tbe State to
mortgage bonds, $1,000,000, making a total of $4,500,000. To holders of the coupon and registered bonds, those to be given in
meet this sum tbe Great Western
proposes to make a mortgage exchange to be either registered or coupon bonds, but the
for 70 per cent of tbe whole amount and
guarantee it, together coupons not to be receivable in payment of any dues to the State;
with interest at 5 per cent.
to be non-taxable, and having fifty years to run, and
bearing a
rate of interest not greater than 3 65 per cent.
Said exchange
St. Louis & Iron Mountain.—The annual meeting was held
not .to be made until three-fourths of tbe tax-receivable
coupon
on Tuesday in St. Louis.
No election for directors was held, bondholders shall have
agreed so to do, and have placed their
because the old board holds over. The litigation drags
on slowly, bonds at the disposal and under tbe control
(for the purpose afore J
And the injury to bondholders by the
tardy progress of suits at said) of such agents of the State as
may be indicated in the bill.
law is again strikingly illustrated in the case of this
company.
In advance of the full report the
—The fo lowing circular has been issued by the Secretary of the
following brief abstract is
given :
Treasury in regard to the closing of the books of his department
to the transfer of registered stock of the 5 per cent funded loan
Gross receipts from all sources for the year
$4,700,422
For 1876..
4,002,045 of 1881, 4£ percent funded loan of 1891, and 4 Der cent con¬
sols of 1907, actsof July 14,1870, and January 20, 1871-1878 :
Increase over 1876
$498,377
Operating and general
expenses,
inelmding taxes, Ac
Net earnings for the year
^Showing an increase of i et earnings
2,368,520
over
1876
648,255
expenses, including taxes,
&c.,to earnings for 1877, 52 63 per cent, against 62 93 per cent
for 1876.
There have been expended during the year for new work and
additions, and charged to construction, $288,958.
The report contains no information as to the
company’s finances.
So lth Carolina State Bonds.—A correspondent of the New
writing from Columbia, S. C., March 2, gives a
lengthy review of the rstatus of the various issues of State bonds,
and gives from the late Commissioners’
report the following,
showing in detail—first, the bonds .which were authorized to l e
consolidated; second, the bonds which have been consolidated,
and, third, the amount of bonds of each class which are still
Toik Wor d,
outstanding:
Amount fond- Amount con- Bonds outable under act.
solidated. standing.
...
,.
Blue Ridee Railroad bonds
State Bank-bills bonds
Interest bonds, August 26, 1868
Relief of Treasury bonds
.
$38,836
$21,453
154,521
953,188
640,647
104,600
778.947
...
968,000
...
l,lo9,6C0
...
1,19?,000
....
8M},10)
571,000
974,200
1,' 47,000
414,000
849,000
464,030
Consolidated bonds outstanding
.
the
Treasury...
$17,383
148,823
481,945
312,541
194,030
530,667
455,000
215,400
150.000
70.000
7,000
1,210,300
3.0C0
431,200
$7,169,668
$2,716,959
$1,628,111
$8,792779
4,396,290
“
But the committee report that among the vouchers which it
has found in the Treasury is a large amount of
coupons which
were not embraced in the Consolidation
act, and which have been
fraudulently consolidated without
any
authority of law, and it
recommends that the consolidated bondB which have been issued
in exchange for these coupons be declared null and void.
"
it also reports that among the vouchers in the Treasury
are
to he found many bonds which were authorized to be consoli¬
dated, but which
were
Secretary’s Office,
Treasury Department,
2.131.901
Proportion of operating and general
State House stock
in favor of
really fraudulently issued and negotiated,
and were never valid obligations of the State, and
ought not to
have been embraced in the Consolidation act; and it recommends
that the consolidation bonds issued in
exchange for those be de¬
clared null and void.
“
The two classes of bonds and coupons which
the commission
finds to have been improperly consolidated, as above stated,
amount, with the interest which has accrued on the bonds to
January 1,1874, to $3,608,717.
1
February 23.1878.)
Five per cent funded loan of 1881.—Hereafter the books of this department
will be closed to the transfer of all registered stock of the 5 per cent funded
loan of 1881 on the evenings of the 10th of JanuaryApril, July and October,
and reopened for the transfer and exchange of stock on the mornings of the
1st of February, May, August and November.
transfers between the 11th of January, April,
Stock issued on exchanges and
July and October and the first
days of the next succeeding months will bear interest from February 1, May 1,
August 1 and November 1, as the case may be.
Four-and-a half per cent funded loan of 1891.—Hereafter the hooks of this
department will be closed to the transfer of all registered stock of the iy% per
cent funded loan of 1891 on the evenings of the 10th of February, May, Augnst
and November, and reopened for transfer and exchange on the mornings of
the 1st of March, June, September and December. Stock issued on exchanges
and transfers between the llth of February. May, August and November and
the first faay of the next succeeding months will bear interest from March 1,
June 1, September 1 and December 1, as the case may be.
1
Four per cent consols of 1901.—Hereafter the hooks of this department wilf
be closed to the transfer of all registered stock of the 4 per cent consols o,
1907 on the evenings of the 10th of March, June, September and Decemb er
and reopened for transfer and exchange on the mornings of the 1st of April’
July, October and January. Stock issued on exchanges and transfers between
the llth of March, June, September and December and the first
days of the
next succeeding months will bear interest from April 1. J nly 1, October 1 and
January 1, as the case may be.
John Sherman, Secretary.
.
—The seven per cent gold bonds of the Dakota Southern Rail¬
road Company, now offered on the market by Messrs Walston H.
Brown & Brother, have met with very favorable attention at the
hands of conservative investors; over $310,000 have been dis-
posed of already out of the issue of $558,000, and this too in the
short time that they have been off-red - to the public; the small
amount remaining will probably be sold soon, as at the present
price they pay nearly eight per cent io gold.
—Messrs. George EL Cook & Co., of 49 Wall street, have issued
their annual pamphlet giving interesting full reports of the New
York Marine Insurance Companies, with tabular statement of
outstanding scrip, &c., &c. Messrs. Cook & Co.
as leading brokers in insurance scrip.'
are
well known
—The American Exporter comes to us this month in its usual
handsome style, and contains, among a large mass of other valu¬
able matter, an extended report of the proceedings of the
National Export Convention at Washington.
The Exporter
gives many valuable tables and articles bearing
pertaining to our foreign trade.
upon
subjects
—The Moose Gold and Silver Mining Company has declared
its regular quarterly dividend of two and onC half per cent upon
its capital stock, which is payable at the office of the company,
57 Broadway, on the 15th inst. This makes $550,000 that this
company
has paid to its shareholders.
—The Ontario Silver
doable monthly dividend
Mining Company announces another;
(one dollar gold per share) for Febru¬
ary, or a total of $100,000 out of the product for that* month.
“ It is unfortunately true that in many cases these questionable This makes the payments in dividends to stockholders reach*
vouchers have been consolidated along with other unquestionable since March 1 of last
year $1,100,000 gold.
'-'f.'f'- if? •
-
*
•
THE CHRONICLE
9, 1878.]
March
Banners’
233
Closing prices at the Board have been
(Sfrajette.
V Mar.
as follows:
Mar. Mar. Mar.
Int, period.
4
2.
6s, 1881
reg.. Jan. A July. 106
108*
6s, 1881
No National Banks organized during the past week.
coup...Ian. A July. *106
106*
6s, 5-20s, 1865, n. i...reg.. Jan. A July. 103* 104 '
•6s, 5-20s, 1865, n. i..coup..Jan. A July. 103* 104
DIVIDENDS.
68,5-208, 1867.... ..reg.,Jan. A July. !06
106*
The following dividends have recently been announced:
6s, 5-208,1867......coup...fan. & July. 106
106*
6s, 5-20s, 1868.
reg.. Jan. A July.*108* *108*
Books Closed.
Per
When
6s, 5-20s, 1868......coup..Jan. A July. 108**108*
Name of Company.
Cent. Payable. (Days inclusive.)
5s, 10-40e
reg..Mar. & Sept.*104
104*
58, 10-408..
coup.. Mar. «fc Sept. 104* 104*
Railroads*
5a, funded, 1881
reg..Quar.— Feb. 103*
2
New York Central A Hudson R. (quar.).
April 15 Mch. 16 to Apr. 19 5s, funded, 1881... coup..Quar.-—Feb. 103* 103*
Harlem pref.
com.
and
N. Y. A
(from)
profits of city line)
..
|
3
April
l!Mch. 16
to Apr. 1
FRIDAY, MARCH 8, 1878-5 P. HI.
Money Market and Financial Situation.—There
The
has been rather more activity in the financial markets this week,
which is mainly attiibuted to a natural re-action after the long
quietus put upon business by the pendency of the silver question
in Congress.
Government bonds have shown considerable tpeculative activity; stocks have been decidedly stronger; and gold,
4*s, 1891
reg.. Quar.—Mar. *102
4*s, 1891
coup..Quar.—Mar. 102
4s, registered, 1907
Quar.—Jan. 101*
4s, coupon, 1907
Qaar.—Jan. 101*
63, Currency, 1895-99 reg,.Jan. A July. *119
*
This is the price bid;
no sate was made at
5.
106*
106*
104*
104*
106*
106*
104*
104*
103*
108*
102
7.
106*
106*
104*
104*
106*
106*
♦108
*108
*108
103
102*
102*
102*
101*
101*
Mar.
6.
101*
101*
119
118*
the Board-
Mar.
106* 106*
106*
106*
103*
104
103
104
106
106*
♦108*
*108*
104*
104*
103*
103*
134*
104*
103*
103*
102* 102*
102* 102*
101* *101
101*
..
.
119
8.
'
106*
106*
*108*
•106*
104*
104*
104
103*
*108
102
101*
*101*
*118* 118*
The range in prices since Jan. 1, 1878. and the amount of each
class of bonds ontst-amlin? March 1,1878, were as follows;
6f», 1881
conp.
/—Range since Jan. 1,1878—, .—Amount March 1.—»
Lowest.
Highest.
Registered. Coupon.
105* Feb. 25 107* Jan. 26 $194,126,000
88.610,350
102* Jan. 3 104* Mch. 6
50.849,05*5 66,053,100
105
Feb.
6106* Mch. 6 100,819,100 210,297,950
106* Jan.
2 109* Jan. 25
15,775,000
21,690,300
103* Mch. 1 108* Jan 26 I42.5t3.250
52.003,050
102* Feb. 25 106* Jan. 24 224,388.300 284,052,050
101* Mch. 1 104* Jan. 11 121,912.450
78,087,550
101* Mch. 1 102* Jan. 9
61,511,300
14,308,700
1*8* Jan.
8 120* Jan. 16
64,623,512
foreign bankers, has 6s, 5-208, 1865, new..coup.
coup.
declined. Too much weight, however, shouM not be placed upon 6s, 5-20s, 1867
6a, 5-20s, 1868
coup.
a temporary fluctuation in the price of gold, as market influences
59, 10-40s
coup.
which always control the present price may have no general sig¬ 5s, funded, 1881.... coup.
coup.
nificance.
Thus, in the present instance, the decline in gold is 4*8, 1891
48, 1907........
coup.
unquestionably owing to the influences directly bearing upon the 6s, Currency
reg.
New York market, with little regard to the ultimate effects of
of
Closing prices
securities in London have been as follows;
the silver law, either one way or the other.
In the local money market there has been at times a more
Mch.
Feb.
Mch.
Range since Jan. 1, 18V8-—*
21.
8.
active demand for call loans, but the prevailing rates are 4 to 5
Highest.
| Lowest.
per cent. For prime commercial paper there is a good demand U. S. 6s, 5-20s. 1867....... 106
106
107* 1 105* Jan. 2 107* Mch. 6
at 4£ to 6 per cent for really choice paper.
U. S. 5s. 10-408
105*
304*
105* | 1^4* Feb. 25 109* Jan. 26
5s
of
1881
The Bank of England statement on Thursday showed a de¬
104*
103*
304* ! 103* Mch. 1 106* Jan. 15
New 4* per cents
102*
302*
103* 1 1(3* Feb. 25 105* Jan. 24
cline of £61,000 in specie for the week, and the p rcen'age of
State and Railroad
reserve to liabilities was 39 3 16, against 42f per cent the
pre¬
Bonds*—Among State bonds Louisiana
vious week.
The discount rate was left unchanged at 2 per consols have been rather more active, and gome of these bonds,
cent.
The Bank of France gained 1.600,000 francs in specie.
as well as Virginias, have recently been sold here for London
The last statement of the New York City Clearing-House account. The discussion in Virginia relative to ihedtbt ques¬
banks, issued March 2, showed a decrease of $852,800 in the tion, and the evident purp se of a good many members of the
excess above their 25 per cent legal reserve, the whole of such
Legislature to get rid of c upon-receivable bonds, if possible, is
excess being $12,980,950, against $13,633,750 the previous week.
having a bad effect. In South Carolina it is expected that a vote
The following table shows the changes from the previous on the bond committee’s report wil be reached to-night, and it is
week and a comparison with the two preceding years :
uncertain whether tlie report will be approv d or the whole issue
contrary to the expectations of many of
our
.
1878.
/
Feb. 23
1877.
March 3
>
March 2.
Differences.
1876.
March 4.
Loans anddis. $243,659,100 $246,456,200
Specie
Circulation....
Net deposits..
Legal tenders.
United
32.87J,400
Inc..$2,797,10(L$259,100,400 $270,162,8C0
947,000 28,498,900
33,326.400 Inc..
22,701,600
19,806,930
19.838,500 Inc..
31,600
210.894.*00 " 213,933,400 Inc.. 3,038,800
33,918.000
States
33,137,900 Dec.
840,100
15,533,500
227,100,000
16,832,500
226,426,400
43,227,800
46,945,200
Bonds.—Government securities have been
of consolidated bonds will be sustaired.
Railroad bonds have been more active and stronger, some
tbe go’d l onds particular y being in favor with pure asers.
Messrs. A. H. Aluller & Son gold tbe following at auction;
SHARES*
50
of
SHAKES.
Williamsburg City Fire Ins. 196
50 Columbia Fire Ins. Co
50
69 Home Insu; ance Co
106
2l0 Greenwich Ins. Co
258
50 German Am Ins. Co..<r7 ....115
25 Am. Fire Ins. Co. of N. Y...120
27 Pacific Fire Ins. Co
281*
50 Brooklyn City & Newtown
Railroad Co
30
22 1st Nat’l Bank of Brooklyn* .130
5) United New Jersey. RR. &
Canal Co
114*
50 Nat'onal Park Bank.
95*
16 Bank of State of New York.102*
50 Mechanics’ and Traders’ Nat.
Bank
100
90 9th Nat. Bank
87
32 Butchers’ and Drovers’ Bank. 85*
68 Lorillard Ins. Co
9J*
25 Knickerbocker Fire Ins
93
40 Guardian Fire Ins. Co
74*
quite active the past week, with considerable business doing on
speculation. There has been a large demand, too, from small
investors, well distributed through ut the country, and from the
WeBt as well as other parts.
One of the best informed dealers
estimates that about $3,500,000 of bonds have been taken out of
35,COO Long Island RR. Co
10
BONDS.
this market in the past six days, and as sales of imported bonds
$700 County of New York Riot
have been small in the meantime the available supply has been
Damage 6 per cent regis¬
reduced. The new bill passed by the Senate for the issue of
tered, due 1&82,109 and interest
$100,000,000 long 4 per cent bonds of small denominations, the
Closing prices of leading State and Railroad Bonds for three
proceeds to be applied to the redemption of five-twenties, had weeks past, and the range since January. 1, 1878, have been as
the effect of knocking off the price of the latter bonds. A dis- follows:
patc'i from Washington to the Tribune stated that official infor¬
Feb. Mch. Mch. /—Range since Jan. 1,1878.—»
mation had been received that the German government recently
States.
21.
1.
8.
Lowest.
Highest.
sold its United States bonds, to the amount of $15,000,000, pur¬ Louisiana consols
*84*
83* *82* 80* Jan. 8 85 Feb. 11
Missouri
*105
♦105
106
6s, *89 or ’90
Feb. 6
S ♦105*
104* Jan.
chased a few years since. The followif g is the text ot the bill
North Carolina 6s, old.
•16* * 5
*15* 15* Mch. 6 17* Feb. 'S
passed in the United States Senate on the 5th inst.
Tennessee 6s, old
*36* *36* ♦36* 33* Jan. 4 39 Feb. 1
....
.
.
r*
l
Be it enacted, etc., That in lieu of that amount of 4 per cent bonds of
the United States authorized to be issued
by the act of July 14, 1870,
the Secretary of the Treasury is hereby authorized and directed to issue
a sum
not
exceeding $100,000,000 of
coupon
bonds of the United States
of the denominations of $25, $50 and $100, and of equal sums of each
of said denominations, redeemable in coin fifty years from the date of
their issue, and bearing interest,
payable semi-annually, at the rate of 4
per cent per annum; and the said bonds shall be exempt from taxation
in like manner as those in place of which they are to be issued.
4
Sec. 2. That said coupon bonds shall be made
payable to the order of
the person who shall pay the money therefor, and the name of such per¬
son or his or her assignee, or of
any subsequent assignee, and his or her
residence, shall be registered sis the owner of such bond in like manner as
•
*68
•
•
•
•
•
»
..
...
*
This
is
m
m
•
•
m
m
....
m
*118*
*117
*118
118*
96*
*95*
*118
118*
*103*
101*
104 *
97
105*
x93
•••••
Mch.
•
••
5
•
•
• •
•
*
a
•
•
•
•
Jan. 29
80
Mch. 4 68* Feb. 5
Jan. 15 106* Mch. 8
Jan.
2119
Jan. 14 £6
Jan. 5 95
Jan. 5 107*
Jan. 7 112*
Jan. 10 110*
107* 105* Jan. 5 107*
*117
115* Jan. 5 117*
*117* 118 Jan. 7 119*
*95* 95* Feb. 20 100*
*118
118
Feb. 8 118*
*105
103* Feb. 8 106*
106* 103* Jan. 7 106*
92* 92* Mch. 6 97*
Feb. 5
Mcb. 7
Mch. 7
Mch. 4
Feb. 4
Mch. 6
Mch. 8
Feb. 5
Feb. 5
Jan. 30
Feb. 19
Jan. 24
Mch. 8
Feb. 18
the price bid; no sale was made at the Board.
Railroad and Miscellaneous Stocks*—The stock market
has shown more strength, and he tone for the past two days has
been more decidedly healt' y than for some time past.
Earninga
continue to be good, as a general rule, and tbe quantity of West¬
Treasury
for redemption, hut the said national hanks shall only be
required to do
produce yet to come forward is generally conceded to be
large. The result of tbe meeting in New York of Western
railroad managers was quite favorable, the lines being well rep¬
resented, and their officers agreeing to an apportionment of freight
tonnage and a rate of thirty cents on grain from Chieago to New
York.' The allotment of percentages to the several railroads is
ern
so upon
*68
•
Morris A Essex, 1st mort
N. Y. Cen. A Hud. 1st, coup...
Ohio A Miss., cons. sink, fund
Pitisb. Ft. Wayna A Chic. 1st
St. Louis A Iron Mt., 1st mort.
Union Pacific 1st, 6s, gold
do
sinking fund....
same was a registered bond, and such coupon bonds shall be trans¬
ferable only by assignment duly acknowledged before and certified
under the seal of the clerk of a State court of record, or Federal courts,
or United States
commissioner, which assignment shall also he executed
in the presence of two subscribing witnesses, and such assignment may
also be made leaving the name of the assignee blank, and when so made
in blank and executed as hereinbefore provided, the said coupon bond
shall be transferable by delivery in like manner as if
payable to bearer.
Sec. 3. That the coupons attached to said bonds snail be payable
either in United States legal-tender notes or in coin, at the option of the
United States, and the same shall be paid at any of the Sub-Treasuries
or money depositories of the United States, or at
any national bank, and
it is hereby made the duty of each of said national hanks to pay said
coupons upon presentation without charge, and remit the sarno to the
ment In blank thereon.
*66
do
do 2d series... *40
*37
District of Columbia, 3-65s 1924
76
76* 76* 76
Railroads.
Central of N. J. 1st consol.
*66
*64* *64* 64*
Central Pacific 1st. 6s, gold
104* 105* 106* 103*
Chic. Burl. A Quincy consol. 7s *109
109* *109* 109
Chic. A Northwest’n, cp., gold
94 Si
95* 91*
93*
Chic. M. A St. P. cons. s. fd, 7s *93*
93*
94* 91*
Chic. R. I. A Pac. 6s, 1917
*107* *107* 107* 106
Brie 1st, 7s, extended
*111
♦111* ♦lit* 110
Lake Sh. A Mich.So.lst eons.cp
*110
109
Michigan Central, consol. 7s...
if the
the production of the proper bond, to which the
coupon presented shall have been attached.
Sec. 4. That the Secretary of the Treasury shall keep said bonds for
sal© at the different Sub-Treasuries, national banks and money deposi¬
tories of the United States, and shall dispose of the same at par and
acorued interest for coin or for United States legal-tender notes at their
nominal value, and such legal-tender notes shall be re-issued, and the
proceeds and the coin received for such bonds shall ho applied to the
redemption of outstanding bonds of the United States, which are redeem¬
able, and bear the highest rate of interest of such bonds.
Sec. 5. That the provisions of sections 3,704 and 3,705 of the Revised
Statutes of the Umted States, authorizing the issue of another bond in
the room of any registered bond lost or destroyed, are hereby made
applicable to the bonds to be issued under this statute, but only in the
«ase of the loss or destruction thereof before tbe execution of an
assign¬
Virginia 6s, consol
,
left to Messrs. Fink and Guilfurd
as commissioners, and the com¬
to agree to the arrangement for three months. With
the trank line arrangements settled for the present, and the coal
panies
are
combination in successful operation, it is but a fair view of rail¬
road matters to say that the outlook for stocks is materially
better.
So far as actual values are concerned, the market is also
1
favorably influenced by
some
of the annual reports now
com-
THE CHRONICLE
234
ing oat for 1877, ts in many cases tlie statements compare
exceedingly well with previous years. The Milwaukee & St.
Paul dividend of 3£ per cent on preferred stock is payable
April 10, and New York Central & Hudson quarterly dividend
April 18. The earnings of Chicago & Northwest are reported
unofficially at $1,062,013 for February, 1878, against $779,’ 57
in 1877.
Total sales of the week in leading stocks were as follows :
[VOL. XXVI.
>Late3t
earnings rej3oirtecL
Fad. A Memphis
3d week of Feb.
Phils. A Brie
Month of Jan...
Phiia. A Reading ....Monthof Jan...
St. Jos. A Western ..Month of Jan...
Sr.L. A.A T.H.(brchs;. Month of Feb...
St L. I. Mt A South.Mouth of Feb...
St L. K. C. A North’n.Month of Feb...
St LTA S. Francisco. .Month of Feb...
4.251
220,496
45,801
35,003
34!;900
234,661
82,145
March
'
M
M
•1
M
N. Y.
Cent.
2400
1,200
6,600
5,400
2.80J
4,800
7,200 13,900
3.2S5
5*•.••••••• 15,485 22.855
1,707
6
7,250
18,920 47,500 12,3*0
7*«•*••••
3.150
25,970 42.975
3/00
8*••*••••• 19,359 39.300 2 *,287 12.200
2,860
1,955
4,014
2,987
2,005
2
4
7,49)
4,277
1,211
1,770
too
3,0J0
2,994
9,900
1,903
80J
16,845
54,507
11,936
16/00
••
•
Total
83,134 172,633 43.3(4
45,585
Del. L. Morris Pac.
AW.
A E. Mail.
600
3,300
1/90
4,035
14,140
1,3 0
2 60J
15,400
9,370
The total number of shares of stock outstanding
the last lino, for the purpose of comparison.
is given in
The daily highest and lowest mice* have been as follows:
Central of N.J
Chlc.Burl.AQ
C. Mil. A St. F.
do
pref.
ChlO.*North.
do
pref.
C. K. I. * Pac.
Del.a ti. Canal
Del. L. a Weat
Tuesdsv.
March 5.
Monday.
Saturday,
March 1.
March 2.
1*
le*
100
ItO
15*
15*
99*110
81* 88*
87*
10*
85
62*
99*
46*
46*
*9
• o
l-% 16
DO
38* 36*
100
8**
Wednea’v, Thursday,
Friday.
M-irch 8.
March 6.
March 7.
16 % 15*
15* 15*
14* 15*
100* 101
100* 101
•100* 101
88* 83* 88* 88* 89* 89*
71*
71* 71*
71* 72
8<
38*
£6* 37*
86* S7%
64* 65*
65* 66*
66* 67*
100
10* 10!* 1 ()* ICO* 100*
46* 46*
46* 47
46* 47
46 * 47*
46* 47
46* 47
9* 10*
9* 9*
9* 9*
11
10* 10*
10* 1"* "10
•22
21* 22
22* *21* 22*
74* 74*
74* 71*
74* 74*
62
62
62*
62 ' 68*
fil* »3
60* 60*
60* 60* 60* 60*
68
68 * 68*
6'* 68* 68* 6'*
105* 10G
105* 105* 10,* 106*
7* 7*
7* 7*
7* 7*
21
2.* 22*
21*
21* ti
>124
:80
*i24 180
•....180
14* 14*
14* 1>*
II* 14*
(8* *9* 68* 6'* 68* *9*
76* 78
77 * 77* 7i* 7e*
100 ioo*noo 100* 100
100
48
43*
18* 43* •48*
50
*50* 5 * 49* 50
50*
84* 85
84* 34*
84* 85
*17
18
*17* 18
#17* 16
71
70* 70*
70* 7«-% 71*
85
85*
S5* S3* 86*
68 *
62* 62*
6<* 64*
99*
99* 100*
99* 99 *
47
46* 47*
46* 47
47
47*
47*
46* 47*
Erie
9*
9*
9*
9* 9*
Han.ast.Joi no*
10*
10
10
do
pref
22
22*
32* 22*
ni.Central...
78* 78* 78* 74*
74* 74*
Lake Shore...
Si* 61*
6 >* 6>* 61* 62*
Mtohtean Cent
60
60* *59* 60* 60
fC*
Morris &£uex
€8* 69 *
66* 69
67* 6S*
N.Y.Cen.AH.R 104*104* 104* 104* 101* 105*
Ohio a Miss...
7
7* 7*
7* 7*
7*
Pacific Mall...
22* ?8*
21* 22* 21
22
Panama
1&»
180 " 180
180
129* 129*
15*
Wabash, stock 15* 15* 15* i5* 15
68
Union Pacific. •.
68*
C8*
68* 68*
76
.West. Un. Tel.
76* 76*
* 76*
76 * 76 *
▲dams Exp... 100* 100* 100 100
noo
100*
American Ex. •49* 50
48*
43*
48* 48*
*
0
51
51
United States.
51*
51
51
Wells. Fargo.. •34* 8*
•84* 85
64* 84*
17*
18
18
Quicksilver....
18*
18* 18*
do
•29
*29
*29
pref.
•
This la the price hid and asked: no safe was made at the Board.
....
“
“
'
..
....
....
~
...
Total sales this week, and the range in prices since
were as follows:
Sales
Shares
Central of New Jersey
Chicago Burl. A Quincy
Chicago Mil. A St. Paul
do
do
pref..
do
pref..
Chicago Rock Island A Pacific.
Delaware A Hudson Canal....
Delaware Lack. A Western....
Erie..««•••,..*.
Hannibal A St. Joseph
do
do
pref....
Illinois Central
Lake Shore
45,565
26,490
88,181
94,079
6,154
Ohio A Mississippi
Pacific Mail
....
Union Pacific
Western Union Telegraph.
Adams Express
American Express
United States Express
*
Jan.
68*
£3%
59*
98*
Jan.
45
Jan.
39*
7i%
34*
67*
100*
52*
52*
Feb.
Feb.
Jan.
Feb.
8 0 10
SO0 2 * Feb.
72* Feb.
59* Jan.
58% Jan.
74*
77
15%
Ti
7
73*
Jan.
7
75* Jan.
108* Jan.
2
9
74%
«2%
109%
11*
«
_
131
Feb. 25
4Hr-
98
101% Feb. 8
47% Jan.
50
46
51* Feb. 25
8r* ‘an. 2t
19* Feb. 25;
31* Jan. 21
2*5
510
105*
83*
820
385
78%
21* Jan. 16 12*'
Jan.
Jan.
Jan.
8254 Jan.
15 * Jan.
•9* Feb.
Jan.
SO
,130
heading “ Jan. 1 to latest date*’ furnish the
gross earnings from Jan. 1, to, and including, the period mentioned
the second column.
Latest earnings reported ——, Jan. 1 to latest date.
1878.
1S77.
18 8.
1877.
..
Chic. Burl. A Quincy..Month of Jan... 1,045,467
Chic. MIL A St. Paul... Month of Feb...
dev. ML V. A D.,Ac..3d week of Feb.
618,000
0/31
Chicago A Northwest. Mouth of Jan... 1.077,891
Dakota Southern
.Month of Jan
Denv. A Rio Grande...3d week «f Feb.
Det Lansing A Noith Month of Jan...
..
..
Dubuque A S. City... Month of Feb.
.
Grand Trunk
..W’kend. Feb.23.
Great Western
W’kend. Feb 2».
Hannibal A St Jo... 1st week of Feb.
Illinois Cent.(III.line.)Month of Feb...
do Iowa Lines. Month tf Feb...
do
Springf. div.Month of Feb...
Indianan. BL A W.. ..3d week of Feb.
Int A Gt Northern.. 3d week of Feb.
Kansas Pacific
Month of Feb...
Loulsv, A Nashville.. .Month of Jan...
Michigan Central...
1st week of Feb.
Month of Feb,..
Missouri Pacific
Mb.Kanshs A Texas..3 weeks of Feb
Mobile A Ohio
...Monthof Jan...
Nasbv.Chatt A 8t,L..Month of Jan...
Pad. A Ellzabetht'n....3 weeks of Feb.
..
15.051
13,538
56,963
Si,055
172,882
91,9:6
S5.0 0
364,413
1:4,371
11.2 3
22 211
26,768
17M58
490.000
1 <6,019
279,* 66
129,254
271.992
H7.806
19,834
$136,3‘>0
109.984
18 054
5/97
915171
$3?6,500
24:527
312,607
17, 72
3,099.010
615,677
825,047
876/35 1,045,467
403,882 1,374.000
6.6-9
49,718
787,726 1,077/91
15.05)
8,4*7
11.6 0
100,48 )
45,6*2
53,9 *4
63,296
l«v,865
164.791 1,417,7,9
84,862
754,*14
26,9.5
140.160
858/66
800,1*4
10,257
25 ’,101
..
80,750
1 *1,214
..
20,937
83,518
217.4 7
18',094
445,768
114,140
318,909
490,000
265/39
167,178
212 381
150,466
19,687
-
499.290
179,687
71,901
88,066
18,862
206,536
71/41
41,811
19,889
80,597
15,522
159,149
815,354
40,467
25,959
225.314
837,340
701,8.8
648.035
has
a
Op’n Ciow. High
101* 101* 101%
4.... 10* * 101% 101*
101% 101% 101%
6
101% 101% 101%
I.... 101% 101% 101%
8
101* 101% 101*
2
Saturday, Mar.
Monday,
44
44
Tuesday.
Wednesday,44
Thursday, 44
Friday,
“
$271,214
:09/83
142,058
*.9,599
2,115,786
676.655
8:6 835
719,435
45.618
787.726
8,447
73.*50
45,6)2
lKS’M
1/69.669
536.764
112.257
726/67
193,512
163,041
279.242
857.859
669/97
445,70S
67J,49)
574/77
346,2-8
404,205
27L992
212,3-2
171/06
150,466
.... ..
Current week.
...
...
Clos.
101%
101*
101%
101%
101%
101%
Gold. ..Currency*
Clearings.
$23,470,000 42,112,900 $2,155,535
21.1 *7,000
905.885
926,614
21,914.000 1,521,100 1,548,176
21.53 i,oo:
1,681,413 1,657,061
18,030.000 1,454.35) 1,476,795
Id,975,' 00 1,652,503 1,654,026
.
The
$•
101% 101% 101% 101% 4119.009.00.) $
1C2
101% 102% 101%
98,232,000 1,364,19) 1,388.709
102% 101% 102% :oi%
-
.
Previous week..
Jan. 1 to date
•
•
•
• •
•
•
following
Sovereigns
Napoleons
Z X Reichmarks....
Z Guilders
•
•
•
•
are quotations in gold for various coins :
$4 84 <a $4 69 ! Dimes A half dimes. — 97 &
3 90
3 86
Large silver, *s A*s — 96*<&
4 72
& 4 18
© 4 10
Spanish Doubloons. 15 60 & 10 00
Mexican Doubloons 15 50 & 15 7J
Fine silver bars
117* A
118%
Fine cold bars
parg$%prem
8 90
_
Five francs..
Mexican dollars.
—
97*
—
97*
90
94
&
—
—
67
a-97%
S3
95
English silver... ... 4 75 & 4 85
Prussian eilv. thalers — 65 a — 79
—
.
-
Trade dollars.
Exchange.—The bond importers have been small
_
—
—
purchasers
of exchange, and in the absence of this demand business has
been comparatively small.
To-day, actual business was done on
the basis of 4 83$@4 84 for bankers’ 60 {days’ sttrling, and 4 85$
@4 86 for demand.
following were rates on New York lo-day
undermentioned cities: Savannah. $ premium; Charleston,
plentiful, 3-16 premium, $ premium; New, Orleans, commercial
3-16, bank par; St. Lonis, par; Chicago, steady, at par; and Bos¬
ton, 13c. discount.
Quotations for foreign exchange are as follows:
■
'
at
the
Mar.
60
Prime bankers’ sterling bills on London....
Good bankers’ and prime commercial
Good commercial
Documentary commercial
5.20*^5.11%
5.21%@5.i7%
5.21*^5.17%
89%<a 4)
94%<A 91*
94* A 94%
94* A 94%
94*!& U4?i
Hamburg (reichmarks)
Frankfort (reichmarks)
Bremen (reichmarks)
53’,242
......
;
Berlin (reichmarks)
Boston Bank*.
4.85
95%S 952
95*& 95%
95% (A 95%
95%©
W
the totals ot the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clew.
S
S
126,497,500
127/83 !01
2.459,600
2.601.400
2,927,300
2.868,500
2.815,200
2/11/01
8 0 4,200
2/40/ 0
2 9 <*,600
3,347,903
129.127,7* 0
Nov. 19.
Nov. 26.
Dec. 3..
Ue-. 10.
Dec. 17.
Dec. 21.
Dec. 31.
1&78.
Jan. ?..
Jan. 14.
129/03.3D)
129,445,1(0
1*2?*,034,700
127/51,903
Jan. 28.
Feb. 4..
Feb. 11.
Feb. 13.
Feb. 25.
M r. 4.
loliowing
are
4.84
4.83% 4.84%
5.18%
.15*
5.18%
.15*
5.18%
.15*
4€*© 40%
a
Nov. 12.
Jan. 21.
The
8
4
1.82 @4 83
4.81*<A4.*2¥
Paris (francs)
Amsterdam (guilders).
days."
85*<A4.86%
4.85*®4.85*
days.
4.S3*&4.84%
4.88%<&4 83*
Antwerp (francs)
Swiss (francs)
.
columns under the
Ateh. Top. A S. Fe...Month of Frb. . $185,5 0
Atlantic Mi s-A O...Month of Jan...
142,517
Bur.C. Rap. A North.4th week of Feb.
85,892
Cairo A St. Louis.....2d week of Feb.
3,220
Central Pacific
Month of Feb
974.0U)
Chicago & Alton
Month of Feb... 298 9.6
815,354
3 2,5 0
88,159
729,610
471,711
declined.
It is generally
large amount of gold had been purchased on
speculation during the pnding of the Silver bill, and as the
price failed to advance much the parties holding it are sellers.
On gold loans the carrying rates to day were 41, 5, 4 and 3^ per
cent, and loans at the close were m de flat.
Silver in London is
quoted to-day at 54£d.
The range of gold and clearings and balances were as follows:
believed that
1877.
Oct. xH*.
Nov. 5
2
The latest railroad earnings, and the totals from Jan. 1 to latest
are given below.
The statement includes the gross earnlugs of all railroads from which retnrns can be obtained. The
/
Market*—Gold
The Gold
b.nks for
dates,
m
Wabash
43*
69*
Jan. 21
Feb. 4
17* Jan. 8
69* Mch 8
78* Mch. 8
Wells, Fargo A Co.....
Quicksilver
do
pref
42*
27
77
8,461 14* Jan.
!,5S5 64* Jan.
43,144 75* Feb.
••••••<
87*
118*
15
8* Jan.
Jan.
Mch.
Month of Jan...
Month of Feb...
Union Pacific
780,806
28,*80
In domestic bills the
Whole
year 1877.
High
10* Mch. 7
12* Jan. 8
f8
103* Feb.
Jan. 1,
Jan. 24
Jan. 9
Mch. 8
Mch. 8
Mth. 8
Jan. 2
Jan. 14
63* Jan.
67^ Feb.
7
16,900 20
140 112
3.850
............
86
6,812
54,507 46* Mch.
12,735
7* Jan.
8,281
172/30
Michigan Central
“,583
Morris & E^sex
11,986
N. Y. Central A Hudson River.. 16,845
Panama..
Wabash »tock
Highest.
18* Jan. 14
105* Feb. 28
8,417 13J4 Jan.
9 5 99* Feb.
Chicago A Northwestern
do
1, 1878, to date.—*
Lowest.
S37.340
311.309
25,959
27,395
232.550
_
1877.
of w’k. ✓—Jan.
91,878
5,503
2,456
80,597
15,522
80,579
Tol.Peoria A Warsaw..Month of Feb...
29,733
2.0,490
678,960
45,602
74,850
731,300
11.321
10,9:5
6,498
2,Si5
40,467
“
St.
Norih- Lake West’n
west. Shore. Union. Paul.
3,841
212.550
7S0,80i
28,380
36,789
852,407
231/77
106/44
673,980
St.L.AS.E’n(StL.div.) ?d week of Feb.
(Ken.div.)..2d week of Feb.
44
(Tenn.div.)..2d week of Feb.
St. Paul A S. City
Month of Jan...
Sioux CityASt.Paul. .Month of Jan...
Jan. 1 to latest date.
1878.
1877.
im.
1*7,6^9,703
12 v 80,403
127,7*3,900
t
5,947,801
d/*6,*03
6,180,600
6,074.801
5,668,200
5,601,510
5,647,500
5,5)0,500
5,755,431
6,018,730
$
23/49,800
51,011,800 *4,157,if 0
5?,708,4 0 24.286.60)
53,902,50* 24/31,5)0
51,377,300 21.319,700
50,678,*.00 24/10,200
50,1 8,800 *4 637,200
49,715,503 24,561,400"
51,211, 03 21,55**,00)
$ '
4 *,770.8^0
$
-
44.510,414
49.711,719
51,259,798
50,587,149
47,12-,549
47,8:5,086
47,9 7,863
45,502,579
46,878,410
59,534.908
50,615, 03 24,336,4/
-■
-
119,026,S03
131.015,001
133,875,000
1*9,088.100
127,596,3 iO
124,920,5*0
125,1.1600
125,322,1.03
4.293.400
5.100,10J
5,386,4 0
5,47 .0 0
5,13 >.8 0
5,881/03
5,119.000
4,9/,903
5,624,833
5,074, 03
8,982.8)0
3,7)9/30
3,660, 00
8.192.700
8 512 703
8,6 8,801
52,767,000 24,766,8)0
24/ 0,903
50,010,0/1 24.823,200
51433.371
M, 48 <.-03
48,8’M) 930
21.626 003
48,752 833
49.004,* 03
48.8 5,500
48.9 >5,5 >0
24759, 00
25,( 6 ,*90
2 .2 6,100
23,130,3*10
?
53.119,103
'
51,2)6,347
4 *,295,871
3*, (46,161
44,371.064
41,561.258
84,204/10
40,546,165
124,416,100 5,021,400 3/9J,600 49,4)1,230 <5/47,703
Philadelphia Banks*—The totals of the Philadelphia banka
are as follows:
Loans.
Specla. L. Tenders. Deposits, Circn’ation. Agg.c:ear
1877.
Oct. 29..
Nov. 5..
Nov. 14.
Nov 19.
Nov. 26.
Dec. 3
Dec. 1‘).
Dec. 17.
Dec. 24.
Dec. 31.
1878.
Jan- 7..
Jan. 14.
Jao. 21.
Jan. 28.
Feb. 4..
>eb. ll.
Feb. 18.
Feb. 45.
Mar. 4..
..
9
60,731.184
I0,«2I,‘ 3».
59,943.506
59,6*9 038
59,1508)9
59,090,735
£9.413,288
59,*7*»,494
50,466.806
58,566 926
59 409,567
59.585, >51
59
747,838
59,127,71*0
68,72*,420
5-,’ 98.871
58,935,787
58,898,04)
58,679,840
I
$
$
$
1,357,001
1,434,81*7
13,143,712
13,274,543
10,623,601
47,635/97 10/24,795
43 *,492
13.677,990
47,901.443 10,657, 76
48/67,785 10,6:0,728
47/13,9 7 10,713,505
47/52,2.7 10,704,404
47,633,389 10,771,718
1
1.412,532 13,649,674
1.410.424 13,6??,169
1/85 601 13,8«3,237
1,3-8.310 18,492/20
1/19,259
18,187,589
1,314,285
12/88,842
1,517/41
13/33,831
1,769/38 13,371/52
1,8*0,177 13.2 0,655
2,014,689 12,941,827
2,076,1*2 ]2J 30,413
2t)«*/4< 13819,450
2,225,090 I8,!84.57«
2185.424 12,579,143
2,113897 17,660,238
2, 74,9 8 14,194,8 2
48.047/66
46,746,387 10,779,195
46,402,873 10.848.815
46,162,612 10,860, 05
47,247/44 10/21*256
47,197,084
10.010639
47,014,740 10,975,584
40,418,848 10,990,44$
46,3)2,815 10,99^,361
45/81847 10,983.741
45,374.9)1 r/76,753
45,137,637 U,«(i0/9f
45, 01,630* 11,< 03,734
$
33,937,479
>5.944,866
81,617/28
34/41,032
S3,674/10
28/74.523
87,540,759
•32.691/58
8 V-32,847
18,454,192
37,329,846
86.360,675
39,839,558 '
29,473/61
29/07/1(1
28.520,206
28,874,357;
24,112,687
82,f0o,006
THE CHRONICLE
Mabch 9. 1878. J
dew VorM City Banks.—-The following statement shows the
eondition of the Associated Banks of New York City for the week
ending at the commencement of bnslness on March 2, 1878:
BOSTON, PHILADELPHIA,
Bid. Ask.
sscuums.
Etc.-Continued.
Bid. Ask.
SXCUKITinS.
—AVERAQKAMOUNT OF
Tegal
Loans and
Capital. Discounts.
Banks
$
8,000,000
Manhattan Co... 2,050.0 0
New York
Phoenix....
8,768,200 3,321/00
5.833.500 1.3-6,700
.
City
Tradesmen’s
Pulton.
Chemical
632,000
954.400
1.367,000 1,137,000
678,1)00
595,700
6,335,'-00
3,030,000
2,000.000
1,200,000 4.278.300
3,000,000 8.158.(00
1,000,000 2,759,000
1,000.000 5.809.300
1,000,000 3.265.900
300,003 1,501,8.0
390,0)0 10.571.300
1,003.000 8,260,600
1,5 *0,000 8.414.300
500,000 084,003
600,000 T,494,000
776,3C0
2 0.000
600,000 2.289.500
Merchants’
Mechanics*.
Union........
America
Circula¬
tion.
Net
Spec'e. Tenders. Deposits.
S
$
I
351.300
1,166,900
138,000
1,234.000
1,017,006
1,797,200
579,000
1,689.000
421.800
151.400
6?S.OOO
276.200
1,319,000 1.865.800
223.100
518.600
5C5.400
323.500
91,000
194,000
254,000
7,500
$
39.0C0
7,500
118,700
168,500
135,001
1,100
9.100.600
5.165.200
7,730 300
4,791,300
8,800,100
6.959.900
2,603,000
4.499.400
S,034,900
1.487.200
10.521,690
2.574.100
2,093,200
1/42,000
256,400
793.666
622,800
Merchants’ Exch.
67,800
Gallatin National
272,000
Butchers’»fc Drov.
958,000
197,000
Mechanics’ A Tr.
182.700
720,700
2.700
Greenwich
506*700 238.700 2.001,700 250,000
Leather Manuftrs.
120.000
826,100
795.800
145.500
36,500
Seventh Ward....
800.000
584 300
143.400
1.594.100
45.000
State of N. York.
800,000 1.553.800
2*8,000
American Exch'e. 5,000,000 12,843,000 2,694,(’00 1,0*,000 10,255,000
Commerce
5,000,000 13,593,000 1.117,3 0 1.252.800 6.3(5,71)0 2,057,200
593.100
172.100 2.982.600
898,000
Broadway
1.000,030 4.651,400
495.300 3.298.100
314.500
Mercantile
1,* 00.000 3.594.600
180.000
43.400
499.600 2.089,400
Pacific
422.700 3.141.800
450*666
360.400
298.300 1.860.100
1 500,000 3.138.900
Republic
889.400
411.900
Chatham
450,000 3.069.700
3,005,500
393.200
135,000
7.800
People’s
1,018,300
412,500 1.249.600
5,400
401,*0 1,421,100
North America...
86,600
700,003 1.579.300
558.900
f44,000 4.467.600
44*7*506
Hanover
1,000,003 4,9 1.000
80 >,400
224.400
2,030,100
69,000
Irving
500,000 1,963,700
Metropolitan
8,003,00) 14,125,000 1,191,000 1.017,000 10,832,000 2.-250,000
Citizens'
351.300 1,691,700
61.400
600,000 1,696)700
201,700
312.200 1.815.400
126.200
Nassau
3,900
1,000.000 1.918.100
Market
271,000
4)9,700 2,005,400
1,030,000 2.761.600
312.200
492 1C0
31,900
808,200
St. Nicholas
193.500
1,000,000 1.996.900
393,000 2,711.000
296,000
Shoe and Leather. 1.000,<i00
3.613.100
414,50)
Com Exchange... 1,000,000 2,851.200
221.100
837,000 1,633,930
4.700
331.500 1.857.200
Continental
133,390
1,250,000 3,037.300
780,300
32.200
235.000
Oriental
300,000 1,204*,100
1.031,900
Marino
803,000 2,C?5,000
273.066
400.000
241,000
2,108,000
Importers’ATrad. 1,500,000 15,985,309 1,431,400 3.518,500 18,039,900 1,105,700
Park
540,000
2,000,000 13.105 100 1,778,600 2,347.100 15,489,800
641.600
Mech. Bkg. Ass’n.
20,000
117.500
491.400
302,400
500,000
3.000
Grocers*
101.700
573,300
300,000
457.400
North River
138,. O0
40 *,000
813,(00
646.800
15,700
EastUver
715.600
99,000
61,400
557,300
350,000
95,700
Manners’ A Mer.
446,200
71,500
52,600
411,000
1(0,0 0
Fourth National.. 3,750.100 14.213.600 l,5t>7,000 1,811,400 11,85**,100 1,C4»,9o6
Central National.. 2,000,000 7,221,000
363,000 1,067,000 5,781,C00 1,489,000
Second National..
300,000 2,032,000
516,000 2,046,000
270,000
Ninth National...
124.800
623/00 2.806.900
750,003 8,14^,500
600,000
First National
747,900 8,489,000
500,0 <0 7.811.500 1,261,490
450,000
Third National... 1,(0 ),00.)
742.600 6,717,800
767,300
6.517.800 1,149,800
N. Y. Nat. Exch..
330.000
1.037,509
116.100
175.800
268,800
759,000
228.000
4,090
853,500
225,000
Bowery National. 250,003 1.137.900
New xork County 200.0 0 t,120,800
297.100
1.135.400
180,000
German American 1,000,003
2.319.600
829,900
180.100 1,988,000
..
.......
Total
66,385,200 243,456,200 33,326,400 31,137,900 213.931,400 19,8*8,500
The deviatiDna from returns ot previous week are as follows :
Loans
Inc.. $2,797,100 | Net Deposits
Ioc.. $3 03 ',800
Specie
Inc..
947,000 Circulation
Inc..
31,600
Legal Tender*
Dec.
840,100 I
The following are the totals for a series of weeks pant:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear.
*
4
$
isrr.
*
S
Sept. 15. 243,795/00 19,913,000 44,045/03 2.08,532,430 15.577.100 379 235,693
Sept. 22. 243,976,40). 19.274,700 42.454.400 206,724,100 15.596.100 405,682, *78
Sept. 29. 241,847,801 18,652.300 41,975/00 200,TU,200 15,724,400 419,361.183
Oct. 6... 238,470,900 16.551,700 41,402,000 197.853.400 15,991,200 421,8 8,637
Oct. 13.. 2 £,2:9,601 17,0 S),300 40,3 6,800 197.171.600 IK,031,000 435, 8249
Oct 29.. 238,183,800 16,510.901 3^,949,300 195,561.50) 16.2)0,300
473,165,840
Oct. 27. 236.287,400 17,822,401 39,235,100 19 (,648.750 16,726,003 417,337,453
Not. 3
236,216.600 15,935,900 39,531,901 19 i.364,900 17.155.800 458.025,653
Nov. 10. 235/6*,300 13,764,500 38.503.401 1 «S,551,300 17,720,2*0 358,005,167
Nov. 17. 236.303.300 19,45 (,800 39.382.900 136,501,503 17,841,900 401,9*0 938
Nov. 24. 235,329,800 19,7<>1,8K) 39,919. >03 191,234,903 18.101.500 4 7,104,418
Dec. !.. 233,429.600 18,324,000 41,579,800 181.981.500 18.110.303 369,512,954
Dec. 8.. 238,518,201 18.995,010 38,478,703 1(6,9 2 3 50 18.208/:00 488,942,229
Dec. 15. 237,504,000 19,568,800 37,562,93) 195.896.400 18,676,700 421,935,792
Dec. 22. 239.764,20 1 '.9/74,tOO 3 >,067,5)0 194.642.500 1'. >.293,90) 4 2,404,648
Dec. 39. 239,173,910 22,122,4.0 85,300,50) 197,711,800 19.657.800 324,336,660
.
1878.
Jan. 5..
Jan 12.
Jan. 19.
Jin. 26.
Feb. 2..
Feb. 9..
239,256,100 25.207.500 34,6:2,000 2)1,981,503 19.787.100 4(2,729,867
239.936.301 27,091,200 34,804,030 203,666,00) 19,861.603
236.931,203 28.477.500 37, .89,300 205,9:2,300- 19,841,803
23S,404,300 3 >,193,600 87,211,21) 207,171,203 19,791, 0)
241,2 5,501 31,230,000 37,362,203 210,301,70) 19.761.303
243/57,300 32.146,900 34,877,0 « 211.713,010 19.687.100
Feb.
16.
33,017
242,859,900
*,*>00 34,845/00
212,132,03)
)2.1
8
.9
1
Feb. 23. 241,659,10) 32.319.400 33,976,000 210.894.600 19,8)6.900
Mar. 2
216,456,200 33.326.401 33.137.900 213.913.400 19.833.501
401/12,6:8
408,472.874
378.019,773
340,214,147
344,105,462
841,070,424
239 437,431
400,609,680
.
POTATIONS H BtHTIIL PHILADELPHIA AND OTHER CITIES.
I'
Bid. Ask.
sxonsiTins.
BOSTON.
S;’
Maine 6s<„.......
New Hampshire 6s
Vermont 6s.
Massachusetts 5a, gold.
Boston 6s, currency
do. 5s,gold.
Chicago sewerage 7s
_
do
OidColony,7s
...
113
I
land grant 7s
2d 7a....
land Inc. 3c.
.
,
_
Boston A Lowell
93*
89
f'4
IS*
106* 107
vSuM * 1*. I!
110
111
Burt. A Mo., land arrant 7s.... 111
•do
Neb. 8s, 1894.....
gort°nAMaine7s
_
v
do
Neb. 8s, 188)
.
do
*
do ^ do
..
Fitchburg
7s, Inc..
;SSS»*tlS‘S?*i«ks*new.
phftwd A Erie 7s, new
Okdensborg a
...
take Ch.Ss...
do
7T
03 V*
l«x
Manchester A Lawrence
Nashua A Lowell
New York A New England.. <
Northern of New Hampshire
Norwich A Worcester
•♦gden***. a i. Ch.nini.tn...
preferred
Vermont A Canada
Vermont A Massachusetts...
Worcester A Nashua
•
**♦•
Phil. AH.. m.7s, reg. A cp..*92-3
Phila. Wtlm. A Bait. 6s, <84
Pitta. Cln. A 8t. Louis 7s, 1900
Shamokin V.A Pottsv. 7s, 1901
3tocbenv. A Ind. 1st, 6s, 1884.
>•••
29
....
....
.
....
...
53
Lehtgh Valley
Little Schuylkill
liinehill
Nesquehonlng Valley
Norristown
Northern Pacific, pref
North Pennsylvania
railroad
Delaware Division
Lehigh Navigation.
1654
.
50
120
.....»».»«««««...*
17
53
125
-»
7*
6)4
107
108
7s, E. ext., 1910 81
..
do
do
inc.7s, end., *94.
Belvidere Dels. 1st m., 6s, con.
<*o
2d m. 6s. ’8>..
Sim. 6§,’i7..
do
Camden A Amboy 6s,coup,’83
do
6s, coup., *89
do
mort.6s, ’89.
Cam. A Atl. 1st in. 7s, g., 19)3
do
21m., 7s. car.,’80
Cam. A Burlington Co. 6»,*97.
Cat awlssa 1st, 7s. conv., *62...
do
chat, m., 10s, *83
new 7s, 1900
do
Connecting 6s, 1900-1904
Dan. H. A Wilks.. 1st., 7s, ’37*.
Delaware snort;, 6s, various..
Del. A Bound Br., 1st, 7s. 1905
East Penn. 1st mort. 7s, ’83
E1.A W'msport, 1st m., 7s, ’80.
do
lstm.,5s,perp.
...
00
39
84)4
100
93
102
•
•
•
104
•
119
107
98
55
108
1!2
109
100
106
109
111)4
111
no
no
•13
112
109
114)4
no
103
107
no
113
$
114
113
113
114
89)4
8s, 3d, J. A J
85
90
101)4
10554
10T
90)4
102)4 104
100
101)
89A 90)
96
108
98
108
57)4
103
105
61
30
13
Union RR. ist, guar., J. A J.. 100 *
Can on endorsed. 100
do
.
Harrisburg 1st mort. 6i, ’8l.
H. A B. T. 1st m. 7s, g >id, *90.
do
2d m. 7s, gold, ’95.
do
3d m. cons. 7s, ’95*.
ItbacaA Athens 1st g d, 7s.,*90
Junction 1st more. 6», ’82
do
2d mort. 6s. 19 JO
T. Sup. A Miss., 1st m., 7*. g.*
Lehigh Valley, 6s, coup., 1898.
do
«s, reg., 1894...
do
7b, reg., 1910...
do
con. m., 6s,rg.,l928
do
do
6s,- p.,19 3
Little Schnylklii, 1st m. 7*,V2
North. Penn, lat m. 6s, cp ,*85.
do
2dra. fe,cp.;*96.
do gen. m. 7s, cp., 1903
d > gen. m. 7s, reg., 190?
Oil Creek ist m. 7s, coup.,*81.
rittsb. Titus v. A B.,7s, cp.,’96
do
acrip....
Pa.A N.Y.C. A RR. 7s, *96 1906.
Pennsylvania, 1st m., cp.,*80..
do
gen. m. 6s, cp.. I9i0
do
gen.m 6s, ig.,1910.
do
cons.m.6s rg., 1903
do
cons. m. 6s. cp., 1903.
do
Navy yard 6s, reg..
Perktomen 1st m. 8*, coup., si
Phila. a Erie 1st m.6s, cp.,*8)
do
2d m 7s,cp..’S8.
IC3
104
103)4
105>»
103
94
108
96)4
102
m
103
65
IOj
People’s Gas
101)4102
13
1^4
CINCINNATI.
Cincinnati 6s
do
ao
do
do
do
6s, gold.
Hamilton Co., 0.,6s. long../
7s, lto5yra..i
do
7 A 7’30a, long.1
Cin.A Cov. Bridge st’k, pref.
Cln. Ham. A D. 1st m. 7s, *80
do
2d m. 7s, *d5..
Cln. Ham. A Ind., 7a, gnar....
Cln. A Indiana tat m. 7s
2d m.ds, ’,7...
do
Colum. A Xenia, lat m. 7s, W
Dayton A Mich. 1st m. 7s, *81.
do
2d m. 7s,’84.
do
3d m. 7s, *Si.
Dayton A West, lstm., ’8i...+
do
do
1st m., 1905
lstm. i*s,?905
Ind. Cln. A Laf. :st m. 7s
do
(I.AC.) 1stm.7s,*8S
08
.
Little Miami 6s, ’e8
Cln. Ham. A Dayton stock..
Columbus A Xenia stock
...
A Michigan stock....
110)4 Dayton
do
8.
110
111
115
97M
112
117
08
97)4
96
ios
li'o'
113
103
103
(16
104
»3
00
52
52)4
lu3*4
112)4 il5
104* 105
109
107
108)4 109)4
92J4
104
103
95
Read. 1stm.6s, ’43-’44. 103
ds
’48-.49.
2din.,?s, rp V93 iia
dehen., cp.f *93*
do
cp.tff..
95)4
•
*
st*k,guar
......
LOUISVILLE.
Louisville 7s
t 103
106
do
6s, ’62 to *87
+ 100
do
6s, *97 to *97
flOO
water 6s,*87 to *89 t 100
do
do
water stock 6s,’97.+ 100
do
wharf 6s
+ 100
d*>
spec’l tax 6s of *89. t 100
Jeff. MALiatm. (1AM) 7h,’8it
..
do
2dm.,7s.
.....
85
do
1st ra.,7t, >9C6..,.t 104)4 1
Lonisv. C. A Lex. 1st m. la/97.
ex pa<-t-dne c npons
t 106
Loals.A Fr’k.,Loul*v.ln,6s,’8. 100
Lonisv. A Nashville—
Leb Br. 6s, *86
t
1st ra. Leb. Br. Ex.,7«,’80-£5.t
Lou. In.
do
6a, V3...+
Consol. 1st m. 7s. *98
Jefferson Mad. A ind
Louisville A Nashville
Louisville Water 6s, Co. 1907+
’
ST.
•
60
is, cp.,um.. 100 101
7s, rg„19:i.. 10054101)4
48
p.c.
Little Miami stock
42
•
seiip, 18tt.
In. m.7s, cp,1836 60
do conv.7s.yg.Acp.l8934
do
7s, coup, off, ’93
do scrip, 18S4....
Phila.A Read. C.A L deb. 7s/2
do deb.7a.coup. off....
do scrip, 1892. ..
Baltimore Gaa certificate*...
ao
100)4
..
of
•
JHSCBLLANKOCS.
RAILROAD BONDS.
Allegheny Vai., 7 3-10a, 1995
a.m.6s,g.l.i9il
Plttsb.A Conneilsv.l8,’96,JAJ
Northern Central 6s, **5, JAJ
do
6s, 1900. A AO.
do 6s, gld, 1900, J AJ.
Cen. Ohio 6s, 1st mV90.MA 8.
W. Md. 6s, 1st m., gr., *90,J.AJ.
do 1st m., 890, J. AJ...
do 2dm.,guar., J.A J....
do
2i m., pref
do 2d m^gr. by W.CO.JAJ
do 6s. 3d in., guar., J.A J.
Mar. A Cln. 7a, *92*F. A A ...
do
2d, M. A N
do
pref...
Susquehanna
in
• •
5854
.
CANAL STOCKS.
•
•
bonds.
N.W.Va.Sdm.jfuar.,’85^AJ
Chesapeake A Delaware
do co
r/ *87)4
90*
Balt. A Ohio 6s, 1880, JAJ.... 101)4
do
6s, 1885, A.AO.
105W
Pittsburg Titusv. A Buff
United N. J. Companies
West Chester consol, pref....
West Jersey
m.
m.
108
Pittsburg A Connellsvllle..50
Pennsylvania
Philadelphia A Erie
Pulladeiphla A Read ng
Philadelphia A Trenton
Ph'la.Wflintng. A Baltimore.
do cons.
do cons.
do
1900, J. A J
do
1304, J.AJ
Norfolk water, 8a
102)4 10254
108
96
113
RAILROAD STOCKS. Par.
Balt. A Ohio
100 89
do
Wash. Branch.100
do
Parkersb’gBr..50
Northern Central..
.50
Western Maryland
50
Central Ohio,
50
Huntingdon A Broad Top...
do
do pref.
do
6s,exempt,’JS.M.AS.
ao
East Pennsylvania.
Etmlra A Williamsport
do
do
pref..
Har. P. Mt. Joy A Lancaster.
Pennsylvania
Schuylkill Navigation
95
Union A Titusv. 1st m. 7s, '80.
56)4
United N.J. cons. m. 6s,*94
165
Warren A F. lat m. 7s, *93
78)4 77
West Chester cons. 7s, Vl
113 114)4
West Jersey 6s, deb,, coup.,*83
do
1st m. 6s, cp., *96.
do
1st m. 7s, *97
Western Penn. HR. 6s, 1893...
do
6s P. B.,*96.
6s, 10-15, reg., H77-’82. 104)4 105
6s, 15-25. reg., l832-’92. L13 113)4
CANAL BONDS.
6^, In. Plane, reg.,1379
Chesat. A Dels 6s, reg., *88..
Philadelphia, 5s reg.
Delaws’e
Division 6s, cp.,’78.
do
6s, ora, reg....
113
Lehigh Navigation ««, reg.,*84
do Ss,n., rg.,prior to’
113
do
BK., rg.,*9:
do 6s,n.,rg.,i895A over
ao
c:nv.,g., rg.,*94
Allegheny County 5i, coup...
do
gold, VI....
Allegheny City 7s, reg
do cons, m 7s, rg ,191!
Pittsburg 4s, coup., 1913
boat
Morris,
loan, rcgn t885..
do
5s, reg. A cpM 191).
do
Pennsylvania 6s, coup., !9:0..
6s, gold, reg
107
Nav.
ist m.6s, *97.
Schuylkill
do
7s,w*t’rln,rg.Acn.
do
2d m. 6s, 190
«io 7s, str.imp., reg.,'’83-36*
do
6s, boat A car, 19:3
N. Jersey 6s, reg. and coup...
do
7s, boat A car. 19 5
do
exempt, rg. A coup.
100
Susquehanna 6s, coup., :9.8 .*
Camden County 6s, coup
Camden City 6s, coupon
do
BALTIMORE.
7s, reg. A coup
Delaware 6s, coupon......... 112
Maryland 6s, defense, J.A J..
do
Harrisburg City 6s, coupon.. 100)4
6a,‘ exempt, 1887
do
RAILROAD STOCKS.
6«, 1890, quarterly..
do
5s, quarterly
18
Camden A Atlantic.
Baltimore
6s. iS8k quarterly.
do
do
pref.
do 6s, .886, J«AJ
Calawlssa.....................
do 6s, 189J, quarterly...
do
pref
do 6s, park, 1890, Q.—M.
do
new pref.
do 6s, 1898, M. A 8......
Delaware A Bound Brook....
Morris
do pref
_
78)4 79
Stony Creek 1st m. Is, i9J7....
11S54 Sunbory AErle lstm.7s,*97
• •
do
do
do
dp
llV3H
•• •
•
75
8TA.TK AND CITY BONDS.
Penna. 5s, g’d, int., reg. or cp.
do 5s, cur., reg
do
do
1
•
T
PHILADELPHIA.
Phila. A
do
do
do
Burlington A Mo. In Neb
Cheshire preferred. '.
Cln. Sandusky A Clev
94 V4
73
Portland Saco A Portsmouth
.
KwtClty Top. A w;*7s* 1st"
^
AtcW on & Topeka ..........
Boston A Albany...... .. ...
Boston A Lowell
Boston A Maine
Boston A Providence
Concord...
Connecticut River
Conn! A Paasumpsic
x
Eastern (Mass.)....
Eastern (New Hampshire)...
?■
'
83)4
....
54)4
do
■
mml
Boston w Albany 7s.......... U5vt
ft.:
105
89
ATHTITQ
Tcpeka 1st m. 7a
-
104)4
Vermont * Canada, new 8s..
Vermont A Mass. KK., 6s
.
Portland6«
do
do
...
Os
do
Omaha A 8. Webern, 8s ....
Pueblo A Ark. Valley, 7s
Rutland 8s.:at mort.
Verra*t C. 1st m., 7s
Municipal 7s
Atch. A
Bid. Ask.
8XCTJBITIES.
Ogdensb.AL.Champl’ln, pref. 107)4
LOUIS.
3t. Louie 8s. lo g
do
water 6s, gold,
do
do
do ~ uew.1
do
bridge appr., g.6s -
do
renewal, gold, 6s. 1
aewer, g. 6s, *9 -2-3.1
3t. Louis Co. new nark, g.6s.1
cun ts
do
it. LA San F. KR.bda, ser’s A
ao
.
41
do
do
♦
do
do
iwKiwfwwwf.
do B
do C
THE CHRONICLE.
236
BONDS IN NEW YORK.
Brices represent the per cent value. whatever the par may 5*,
QUOTATIONS OF STOCKS AND
U. 8. active Bonds and Railroad Stocks are quoted on a previous page.
asctmiTiKs.
noinmii.
Jhlcago A Alton 1st mort.
State Bonds*
Alabama Si, 1883.
do
6a, 1886.
do
8a, 1886
do
Joliet A
••
.....
do
Asylum or Un.,due 1892.
Funding, due 1834-5...
Han. A Bt. Jos., due 1886.
do
do 1887
New York Statela, Canal Loan, 1878
6a:Bo!d,reg....U»7
6s, do coup..!887.....
6a| do loan...1883
6a
do
do ..1891
do do . 1892
do
do ..1898....
Korth Carolina—
6a, old* J. A J.«...•» ....
do
A. A O
fa,
6a,
....
*
105*
do
118
117
17
is:
65
65
45
45
9
16*
11
9
10*
8*
1
X*
..
.*
do
•
•
8*
.
2?*
8*
106
105
95
107
112
•
•
•••
4*
76*
75
103
110
111
104
100
l*t. cons. sna**....
107*
110
116
105
111*
113
111
85
62
Chicago A Iowa R. 8s8s.
100*
American Central 8s....
21
Chicago Clinton A Dab.
Chic. A Can. South istm. g. 7s. 15
Chic. A East. 111. 1st mort., 6s. 53
9
do
.2d m. inc. 7s.
Alien D. « in mu., a.r., ^ p.v 110%
Chic A Mien. L. Sh. 1st 8s. ’89. f75
Cleve. A Tol. sinking fund, 109*
107
Chic. A S’thwestern 7s, guar.. 95
new bonds...
do
70
Cln. Lafayette A Chic., 1st m..
102*
no
Col. A Hock V. 1st 78,39 years, 100
do
new bds
de
93
do
1st 7s, 10 years,
no*
100
do
2d 7s, 20 years.. 90
Buffalo A State Line 7s
50
Connecticut
Valley 7s
Kalamazoo A W. Pigeon, is ;
Connecticut Western 1st7s.... 23
Det. Mon. A Tol.,1st 7s, 1906 *04%
Dan. Urb. Bl. A P. 1st m. 7s, g. 21
109*
Lake Shore Div. bonds
iio* Denver Pac., 1st m.7s, ld.gr.,g. 40
do
Cons. coup.. 1st
no* Denver A Rio Grande 7s, gold. •45
do
Cons, reg., 1st., no
90
96* Des Moines A Ft. Dodge 1st 7s. 10
do
Cons, coup., 2d.
70
90
90* Detroit A Bay City 8s, end.
do
Cons, reg.,2d...
10
to
Dutchess A Columbia 7s...
Marietta A Cln. 1st mort
97
Erie A Pittsburgh 1st 7s. ..
Micb. Cent., consol. 7s, 1902... 107*
80
do
con. m., 7s„
112*
do
1st m. 8s. i882, s.f
do
7s, equip...
do
equipment bonds
A
Evansville
9
Crawfordsv.,
7s.. 100
New Jersey Southern lstm.7i
Evansville Hen. A Nashv. 7b... 40
do
do
consol. 7i9
105
Evansville, T. H. A Chic. 7s. g. •50
N. Y. Central 6s, 1883
Flint A Pare M. 8s,Land grant. •80
105%
do
6s, 1887
105
Fort W., Jackson A Sag. 8s, *89 50
do
6s, real estate... 104
105
Grand K.A Ind. 1st 7s, Lg., gu. 90
do
68, subscription 104
do
> 117% 118*
jst7s, 1. g.,notgu. 82
118
do
1st ex 1. g. is. 40
do
do
Istm., r
Ul* 112* Grand River Valley 8b, 1st m*. +85
120
Houston
A
Gt.
North.
1st Is, g. 55
120*
120* Hous. A Texas C. 1st 7s. gold.. 82 *
do
do
7s. reg... 120
do
consol, bds.. 55
103*
North Missouri, 1st mort ....
Indianapolis A St. Lonls 1st 7s 60
»5* 97
consolidated..
95* 05* Indlanap. A Vlncen. 1st7s, gr~ 70
do
51
International (.Texas) letg,... 55
2d do
do
20
Lnt. H. A G. N. conv. 8s
do
Iowa Falls A Sioux C. 1st 7s... +87%
Pacific Railroads—
Central Pacific gold bonds, 105% 105* Jackson Laos. A Sag. Ss,lst m res
87
1 Kal. Allegan. A G. R. 8s,gr...
92*
do San Joaqoln brand
Kalamazoo A Sonth H. 8s, gr.. +60
34 H
do Cal. A Oregon 1st
Kansas City A Cameron 10s... +98
93
Kansas Pac. <s,g.,ext.MAN/99 48
62
do 7s, g., I’d
Western Pacific bonds.
102* 102*
do 7s, g„
92* 95
do MAS/86 17
71
do 6s, gold, J .AD., 1896
106* 100*
Onion Paclfic, 1st i
do 6s, do F.A A., 1895. 93*
Land i
105*
do
do 7s, Leaven. br„ *96.. 82
92* 92%
do
12
do Incomes, No. li
99*
Pacific R.
do
No. 16..... 10
do
do
89* 90
Stock
do
do
income, 7s.
50
Keokuk A Des Moines 1st 7s.
do
do
funded lnt. 8s 60
Penn. RR—
118
120
Lake Sup. A Miss. 1st is, gold. 15
Leav. Law. A Gal. l6t m., 10s.. 23
do
do
111* 113
107
do
8dm. 100
Long Island RR., 1st mort. ... 85
do
ill* Loufsv. A Nashv. cons. m. 7s. 106
105
do
2d mM 7s, g.. 87%
uo
”1
80
68
•
30
67
68
3
63
23
145
..
ic8%
159*
89
70
90
•
•
5
•
.
•
•
•
Warren
116
aftlacel’ous Stocks.
110*
•SH
15
75
103
100
55
25
24
47
51
20
21
22
•••
20
20
13
85
78
65
85
96
84
50
90
62
84
64
75
75
60
25
88
98
90
103
10
60
20
72
•
•
•
•Ml
*
*48
40
105
••
100
■
•
2%
do
do
2d m..
St. L. Alton A T. H.—
Alton A T. H., 1st mort .. .
.do
do
2d mort., pref..
2d mort. inc’mc
•
•
Boston H. A Erie, 1st m..
12
do
guar. ...
Bur.C.R A North., 1st 5s..
U*
68
Chosa. A Ohio 6s, 1st m.
«2*
if*
$*
do
do
do
do
do
do
do
W. D.
Bur. Dir
2d mort.
50
• ••a
• •
no
* • •
*
.
70
•
•*'
90
90
27
27
40
10
Michigan Air Line 8s, 1890....f
Montclair A G. L.ist 7s
do 2d in. 4S
Mo. K.A Tex. 1st 7s, a., l904-*06
do
2d m. Income
.....
N.Y.AQj»w.Mid. 1st....
~9
*
s'
29. t
.....
do
2d 7s, 1895..
do recelv’s ctfs.flabor)
do
do *
(other;
Mt|
•
...........
do
2d 7s
V. Y. Elevated RR., 1st m
,
•
63
•
•
31
do
94*
+ And accrued lnt3'€fct.
Price nominal. ^
*
20
25
95
107
90
81*
SB
30
4
42
9
45
7
44
22
.
25
5
80*
62*
4
27^
20
•
38
94
95
102
l0A«
42
,
6
1
84
25
•• •
41
98*
90
105
102
48
48
Wilm’ton, N.C., 6s, gold) coup
do
8s,gold) oh.
RAILROADS.
Ala. A Chatt. 1st ra. 8s, end
da Kec’ver’s Cert’s(var.Nos)
Atlantic A Golf, consol.
do
do
do
7
20
79
stock
do
guhr...
Carolina Central 1st m. 6s, g... 20
Central Georgia consol, m. 7s.
50
do
stock
Charlotte Col. A A. 1st M. 7s.. 67
do
do
stock.....
105
Cheraw A Darlington 8s
84
East Tenn. A Georgia 6s
East Tenn. A Va. 6s end. Tenn 85
E. Tenn. Va. A Ga. 1st m. 7s... 98
40
do
do
stock
hi*
Memphis A Charleston 1st 7s..
do
do
2d 7s...
stock..
Memphis A Little Rock 1st m.
Mississippi Central 1st m 7s...
do
do
2d m. 5s
2d ex coupons
..
1*
72
mt
90
99
47
99
40
80
90
•
•
95
• •
91
74
6
30
98
91
76fc
101
do
B... 70
Mont. A Eufaula 1st 8s, g., end 20
40
Mobile A Ohio sterling
do
do ex cert. 6s 40
28
do
8s, Interest
Mississippi & Tennesiej, A
...
%
do
31
68
is. guar.
Macon A Augusta bonds...
do
2d endorsed.
do
stock
,
82
40
1C5* 1C7
do
stock....
Greenville A Col. 7s, 1st mort.
,
8*
65
end. SaYon’h.
2d mort. 8s.....
N. Orleans A Jacks. 1st m.8s. 105
96
Certificate, 2d mortg. 8s
Nashville Chat. A Bt.L. 7s.... 94
Nashville A Decatur, 1st 7s.... 90
Norfolk A Petersburg 1st m.8s 99
do
do 7s 95
do
2d m. 8s 80
Northeastern, 8. C., 1st m. 8s.. 105
do
2d m. 8s..
Orange A Alexandria, lsts, 6s. *88
do
73
2d8,6s..
do
8ds,8s.
do
16
4ths,8s.
Rlcbm’d A Petersb’g 1st m. 7s. 104
Rich. Fre’ksb’g A Poto. 6s..... 96
do
do mort. 7s 100
Rich. A Danv. 1st consol. 6s...
70
Southwest RR., G& ,conv.7s/86
3. Carolina RR. Istm. 7s.......
80
do \
*
78, 1902
do \
78, non mort..
do \
.
stock
’
Savannah A Char. 1st M. 7s...
Charleston A Savan’h 6s, end
10*
2
90
85
37
41
89
railroad, 6s
wharf lmp’ts, 7-30
do
.
• • •
*•••
do
•
do
50
• •••
30
100* Georgia RR.7s..
.
•
98
75
new
prem. 5s
consol. 6s
8s
25 1 Richmond 6s
101*1 Savsnnab 7s, old
do
67*
7s, new
...
til*
•
Nashville 6s, old
Petersburg 6s
103*
gr.,JAJ/80'
17
82
40
40
45
20
20
40
hO
111
10!*;
.
• ••
...
75
33
82
35
new 8s
••%
70
85
35
20
111
101*
....
..
1
100
07
79
•
(coups, on)
do
68,
New Orleans
do
do
do
Norfolk 6s
i05*
29*
•
8s
do
104
32
10
...
96
8t.L. K. C.ANorth’n.pref
Terre Haute A Ind’polls..
United N. J. B. A C.T..... 110
do
..
68%
92*
60
95
do
6s, funded
Montgomery, new 5s
....
•
97
92
96
63
45
103
...
•
69
.
waterworks
do
....
.
72
103
111
113
...
..
....
....
100
100*
■
F. L. bds.
Columbia, S. C., 6a
Columbus, Ga., 7s, bonds
35
Lynchburg 6s
101*
68* Macon bonds, 7s
07* 111
110*
Memphis bonds C
112
bonds A A B
do
109
68
60
do
end., M. A C. RK
93
91
Mobile5s (coups, on)
—
...
do
104*
CITIES. *
Atlanta. Ga., 7s
do
8s...............
fs,
Charleston stock 6s
Charleston. S. C.. 7s,
....
.
99
65
South Carolina new consol. 6s.
101
Texas
.....M.4S+ 110
1892
do 7s, gold, 1892-1910. J.AJ t
do 7s, gold. 1904...J.AJ...+ 111
do 10s, pension. 1894r. J.AJ+ 103;
Georgia 6s, 1878-’89
Augusta, Ga., Ts, bonds........
....
Erie, 1st mort., extent
do
do
2d mort., 7s, 1879
do
3d
do
do
7s, 1883
do
4th do
78,1830
5th do
do
7s, 1888
do
do Long I
Bull .N.Y. AE. 1st. m., 1915..
198
103
California Pac. RR., 7b. gold
do
6s, 2d m. g. 77
112
lie* Canada Southern, 1st m. coup. 65
65
do
115
do reg
65
Deb. certs
112*
101
Central Pacific, 7s, conv
Central of Iowa Istm. 7s,gold. 80
102
5
old 7s
104
104* Chesapeake A 0.2d m.
Keokuk A St. Paul 8s
100*
104*
100*
104*
Carthage A Bor. 8s
Dixon Peoria A Han. 8s.
102*
110
109* O. O. A Fox K. Valley 8s
no
Quincy A Warsaw 8s ...
109*
83* Illinois Grand Trunk....
20
Chic. Dub. A Minn. 8s...
Peoria A Hannibal R.
100*
...
....
Long Island
(Brokers' Quotations.)
CITIES.
Ill
•
‘im
76
142*
.
Miscellaneous List.
••
•
•
3d
do
.
22*
ax coup
do
ex coupon.—
Han. A Cent. Missouri, Istm
Pekin Linc’ln A Dec’t’r.lst m
Western Union Tel., 1900, coup
do
reg....
do
,,,,
do
Lake Shore—
58
40
70
Chicago A Alton
do
pref
Cleve. Col. Cln. A 1
Cleve. A Pittsburg, guar..
Col. Chic. A I Cent
Dubuque A Sioux City. .
ds
94V
95
do
.’6*
37
Central Pacific
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal....
Mariposa L. A M. Co
do
do
.pref.
Ontario Silver Mining....
Railroad Bonds.
(Stock Exchanae Prices.)
Quincy A Toledo. 1st m.. *90..
do ex mat. A Nov./77,eou.
Illinois A So. Iowa, 1st mort
100
95
105*
do
35*
73
Atlantic A Pac. Tel
Am. District Telegraph...
Canton Co., Baltimore....
Cent.N. J.Land A Im. Co.
American Coal
Consolidat’n Coal of Md.
Cumberland Coal A Iron.
•
Dnhnque A Sioux C
35
27
31
31
08
4*
Louisville A Nashville....
Missouri Kansas A Texas.
New Jersey Southern
New York Elevated Kit..
N. Y. New Haven A Hart
Ohio A Mississippi, pref
pitta. Ft. W. A Cn., guar..
do
do
special.
Bensselaer A Saratoga
Borne Watertown A Og.
St. Louis Alton A T. H
do
do
pref.
BellevineA So. HI.,pref.
Bt. L. L M. A Southern....
.
Illinois Central—
Railroad Stocks.
Joliet A Chicago..
1001* 107
97* 98
MX
94*
.
118
36
Indlanap. Cln. A Laf
107
do
..
t
Albany, N. Y., 6s, long
2d m
Buffalo Water, long
....+
Chic. A N. Western sink. fund..108* 109
Chicago
long
t
6s,
dates
lnt. bonds. 108
do
da
do
7s, sewerage
t
107*
con8ol.bds
do
do
do
7s, water
110
f
ext’n bds..
do
do
do
7e, river improvem’t t
1st mort... 107*
do
do
Cleveland
7s,
long
+
do
do
cp.gld.bds. 95* 96
Detroit Water Works 7«
t
95*
do
do
reg. do
Elizabeth
100
City,
1880-95
t
90
Iowa Midland, 1st mort. 8s...
do
1885-98
t
105
Hartford
6s, various
104*
; 107* 109
Indianapolis 7-30s....
91
Long Island City
90
Newark City 7s long
70
do
2d mort
do " Water 7s, long..
C. C. C. A Ind’s 1st m. 7s, S. F. 110
Oswego 78
do
consol, m. bondi
Poughkeepsie Water
Del. Lack. A Western, 2d m.. 103*
Rochester C. Water bds., 1
104
do
do
7s, conv 100
117
117* Toledo 8a. 1889-»94
Morris A Essex, 1st. m
Toledo 7-90s.
103* 104
do
2d mort
Yonkers Water, due 1908..
do
bonds, 1900...,
■77
do
construction,
RAILROADS.
95
do
7s, of 1871 ...
90
Atchison A Nebraska, S p. c...
do
1st con. guar. 81
94
94* Atchison A P. Peak, 6s. gold..
95* 90% Boston A N. Y. Air Line. 1st m
do
ao
lc
90
Bur. C. R. A N., 1st 5s,new,1906
95
do
do coup. 7s, IS
Bur. A Mo. Rlv., land m. 7s...+
95* 90
do
do
- reg. 7,18
no
do
convert 8s. var. her.
Albany A Susq. 1st bonds,
Cairo A Fulton, 1st 7s, gold...
85
2d
do ...
do
dn
87*
Brie pref
Harlem
103
Bens. A Saratoga. 1st coup,
do
1st —
ik
registered
101
gd., K.D
24
North. Pac. 1st m. gld. 7 3-lfc?.. ~20
Omaha A Southwestern RR. 8s 104* 105
90
95
Oswego A Rome 7s, guar ....
50
Peoria Pekin A J. 1st mort.... •30
15
25
Peoria A Rock L 7s, gold
85
*
18
Port Huron A L. M. 7s, g. end. 13
Pullman Palace Car Co. stock,
73*
90
82
do
bds.. 8s, 4th aeries
Rome W’town A Og
40
87
St. L. A I. Mt. (Ark. Br.) 7s, g. 05
St. L. A San F., 2d m., class A.
98* 99
24
27
do
do
class B.
82
82*
27
do
do
class C.
69
69*
74
South
Pacific
739;
so ;
Railroad/st m
35
St. L. A So’eastem 1st 7s. gold. 25
100
.St. Louis Vandalla A T. H. 1st. •96
1
70
do
2d, guar •00
S8
82
Sandusky Mans. A Newark 7s. 94
Sioux City A Pacific 6s
84
South Side, L. 1., 1st m. bonds. ‘73
103
33
do
sink. fund... 25
103
35
50
South. Cent, of N. Y. 7s, guar.
70
Southern Minn. 1st mort. 8s...
97
do
7s. 1st
95
So. Pac. of Cal., 1st A” 6s, g..
Tol. Can. So. A Det. 1st 7s, g.
Union A Logansport 7s
59*
103
103
Union Pacific, So. branch, 6s,g
45
114
50
111
West Wisconsin 7s, gold
102
30
33
99
Wisconsin Cent., 1st, 7s
107
103
Southern
Securities.
103
107*
107
(Brokers' Quotations.)
103
110
STATES.
100
110
112* Alabama new consols, Class A 42* <3*
72
8)
do
do
Class B 70
85
43
89
do
do
Class C 41
85
...
40
40
30
District of Columbia 3.65s.
do
small.,
102*
7 8-10. do
•
118
Non-fundable bonds ..
Tennessee 6s, old
do
6a, new
do
6s, new series.
.
118
m.
con. convert...
do Ex. Nqv.,’78,A prev’s
Great Western, 1st m., 1888..
do
ex coupon
do
2d mort., ’93.
do Ex A Nov./77,coup.
...
104
104
LandC., 1889, J. A J
LandC., 1889, A. A O...
7s of 1888
Virginia 6s, old
la, new bonds, 1*^66
do
6a,
1867..
la, consol, bonds
6a, ex matured coup.
6a, consol., 2d series
6a, deferred bonds
117
•
104
109
109
40
3J
30
30
April A Oct
Funding act, 1866
35*
2d
Ex A Nov./77, coup,
equip’t bonds,
....
108* 109*
Class 2
Class 3
Ohio 6a, 1881
do 6a, 1886....
Rhode island 6s
South Carolina 6s
Jan. A July
110* 110%i
64* 05 j
.
105
Special tax, Class 1
do
!079« 107%
107* 107%!
1st 7s,
1st 7s
2d mort.
....
N. C. RR
J.AJ...
do
....A. AO...
do coup, off, J. A J..
do off, A. A O.
do
Funding act, 1866
do
1868
New bonds, J. A J
A.
do
A O
do
do
« Istm.St.L. dlv.
ex-matured coup.
do
....
106
.
do
113*
4H$|
do
do
do
do
do
do
do
do
do
do
do
do
do
1888 104*
1889 or ’9 105
do
1
con. conv....
r. lot III. 08, K.U
dodo
do
.
109*
91
Bid. Asa.
uouimis.
Tol. A Wabash, 1st m. extend.
100*
do
ex coupon
83
112wi
Am.
m. Doc!
100
103
1386 104
18S7 104
do
.
-
89*
Lehigh A
3h.
do
do
do
do
do
Michigan 6a, 1879-79
do
6s, 1883
do
7s, 1890
Missouri 6s, due 1878.. 1882 or *88
do
do
do
do
do
do
do
6a, new
6a, floating debt
7a, Penitentiary
6a, levee
8a, do
...
.
8a, do 1875 ..
8a, of 1910.. .
7s, consolidated
la, small
do
.TIT”
106
Chic., Rk. Isl. A Pac.do
S. F. Inc. 6s, ’
do
6s, 1917, coupo:
do
68.1917, regist’
Louisiana 6a
do
do
do
1!4*
Bid. Ask.
8XOUKITIS8.
105*
Income.
Chicago, 1st m.
Chic. Bur. A Q. 8 p. c., 1st
do
do consol,
do
58 sink’g f’d. A.AO
Cteorgta 6a
do
7s, new bonds....
do
7a, endorsed. ...
do
7a,gold bonds...
Illinois 6s. coupon, 1879..
do
War loan
...
Kentucky 6s
do
do
Ask.
.
do
8a, 1888.
...
do
8s,M.AE.RR..
do
8a, Ala. ACh.K.
8a of 1892
do
8a of 1893
do
Arkansas 6a .funded......
do 7s. L. B. & Ft. S. lss
do »3 Memphis A L.R.
do Is,L. K.P.B.AN.O
do 7a, Miss. O. A B. B.
do 7a,Ark. Cent.KB...
Connecticut 6a
do
do
do
do
do
do
do
Bid.
[Vol. XXVI
20
20
West Alabama 2d m.8s, guar.. 100
do
Istm. 8a..
100
94
80
8
33
100
93
78
100
78
35
45
45
32
10
107
100
95
97
101
»7*
• ••
91
76
45
23
100
105
73*
•
•••'
85
87
25
25
25
103
103
FAST DUE COUPONS.
Tennessee State coupons
South Carolina consol
...
Virginia coupons...
do
consol, coup.....
Memphis City Coupons ... ...
1
•
Prtci u-.n/aai
r-
20
50
SO
71
80
90
*•••'
78
40
-
THE CHRONICLE.
1878.]
March 9,
237
NEW YORK LOCAL SECURITIES.
Bank Stock LIbL
w
Marked thus (•)
are not National
|
cl
Amount
Companies.
......
25
,
100
25
100
100
City.............
Commerce
Commercial*...
Continental
Corn Exchange*..
Bast Elver ....
Eleventh Ward*..
Fifth
Fifth Avenue*....
First...
Fourth
Fulton
Gallatin
Ger. American*..
Ger. Exchange*...
Germania*
10O
iOO
100
25
25
100
100
wo
100
so
50
100
100
too
25
Greenwich*
Grand Central'...
Grocers*
Hanover
Harlem*
25
4C
100
100
Import. A Traders too
50
50
Leather Manuf.... 100
Manhattan*
50
Mann!. A Merck*.. 60
Marine
100
Market
10C
Mechanics
25
Mech. Bkg Asso... 50
Mechanics A Trad. 25
»
jslarnf citv* *.‘.7.V ’.
Mercantile
100
Merchants
Merchants* Ex
50
50
Metropolis*
00
-
Metropolitan
Murray Hill*
Nassan*
New York..
New York County
N.Y. Nat.Exch...
Ninth.........
.....
LOO
100
100
10C*
100
too
100
North America*... 70
North River*...... 50
Oriental*
25
Pacific*
50
F»rk.
100
Peoples*
25
Phenlx
20
Produce*
100
Republic
too
Bt. Nicholas
100
Seventh Ward...
100
Second
100
Bhoe and Leather. too
Bixth
00
State ol N.Y
100
too
Third.
Tradesmen’s
40
.
Onion*............. 50
West Side*
100
3)0,000
4,4X
450,000 176,6<X J.*A J*.
800,000 3,007,800 Bl-m’ly
600,000 175.200 J. A J.
1,000,000 1.52UC0 Q—F
5,000,000 3,71 l,20( J. A J.
100,000
8,000 J. A J.
1,250,000 260,630 J. A J.
1,000 000 791.400 F.AA.
850,000
43,40j J. A J.
50 ,t 00 •J. A J.
200,000
150,000
51.100
100,000 129.600
500.000 1.052,*,00 Q-J.
3.750.000 S9O,20C J. A J.
*600,000 4*8,500 14.AN.
1 500,001
6 5,70) A. AO.
1*000,001 23.100 F.AA.
*200,001
44.E0C May.
53^700 May.
200,0a
200,000
11.400 M.AN.
IC0.000
700
800.000
CO,600 J. A J.
1S0.900 J. A J.
1 000.000
'100,000
12.100 14.A 8.
1.500,ua 1,545.300 •J. A J.
^oo.oa
137.40C J. A J.
lOO.OtC
13.200
600,000 45 V 00 J. A J.
2.050.CW' ,036/00 F.AA
1«J,CC(
6.60C J.A J.
400,OX'
81,000 J. A J.
J. A J.
301,'00
1.000.00C
2 000,000 933/00 J. A J.
500,OX'
8J.S00 M.AN.
•••••*«
*
8
Jan. 1, ’78.^*
ex Jan 2.’78...3
ia
10
6
6
•
■
^x
.
6
7
3
200,0a
900,000
1,000,000
1,000,0a
1,200,000
200.(XX
•
• • •
•
•
•
\
•••
•••
....
!••••
98
147
....
126
60
•
63X
••
.
....
ia
....
8
so~
100
Mch.l, *75..4
50*
....
Jan 2, "73...7 196
2(0
Jan. 2, -18...4
6H Jan.2. ’i8...3
12
Jan. 2. *78...6
8
Feb. 9, *78. .4 130
Julyl,*75..3x 30
Jan. 3, "76.. .5 •esx
7 X Jan. 2, "J8.3X 108
9
Jan. 2.*78...4 I80X
8
•
.
• •
• •••
12
9
.
.
....
.
•
• •
#* **
....
....
2X May l,*77.2X
IX Nov. 1.77 3x
90
109
7X Jan. 2. *78 3>
6X July 2,*77...3
J an. 8, ’76.8X
..
...
25
8C
• s -
u
.
.
.
6
7
....
2,*78...H
Jan. 2,*78...4
Jan. 2, *78.. .3
Jnly.lS*74.3X
•
.
.
.
.
•
..
•
....
...
.
83
6)
.
•••
....
....
....
...
....
Brooklyn Gas Light Co
25
20
Citizens’Gas Co (Bklyn)
do
eertifleates
2,000,000
1.200,0C0
1
Qjtfi nnn
jOuUjvUv
A
20
50
100
Manhattan
Metropolitan
do
do
certificates
bon Is.
Mutual, N. Y
do
bonds.
Nassau, Brooklyn
do
People’s (Brooklyn)
do
do
do
bond*
do
certificates...
Central of New York
Williamsburg
1 ua,oa
F.A A. 8 X#
3
Var
var
7(H),oa
4,oa,oa
1,0a,oa
325,0a
WO
10
lOCf
var
50
50
10
ll(
Municipal
i,oa.oa
Q|
Q
160
SCO
130x
Feb. 6, ’,-8 100X
ia
80
Jan.lS.IS,
Feb. 1/78 wo
75
Jan. 15/7?
95
Vo* l.’iT.
Nov !,*77. 115
20
Jan., 76
90
75
Jan., "77.
75
Feb. 1.*79.
5
5
5
3X
3W
‘2X
Quar.
1
CU. 1* sQ
J n..
*7S
Feb. I, *78
Feb. 6, *79
1000
25
var
,
J. A J.
I. A J.
r
vi. A S
M. A S
J.A J.
•
do
scrip
Metropolitan, Brooklyn
__
Poh
.® A.
c
386,oa
4,000,000
2,fa,oa
var 1.000,0a
ia.i
500,ao
1UP 5,coo,* a
scrip
New York
•
M.AN.
M.AN.
J. A J.
3X
F.AA.
8X
sa .oa J.’AJ.
SX
3X
5
•''X
456,oa F.A A.
1,0a,oa Quar. 2X July, 77. 100
10a,oa J. A J. 3X Jan., *18. 19
65
1,00 / (H M.AN. 2 X Nov 20,"77
90
1.5:0,0 0
-
*
.
•
....
....
ISO
.
....
118
15)
....
Askd
165
65
100
96
170
204
132
102108
84
US
Broadway dk Seventh Ave—stk..
1st
mortgage
Brooklyn City—Block
1st mortgage
Broadway (Brooklyn)—stock...
Brooklyn dk Hunter's Pt—stock.
1st mortgage bonds.
9a,oco
694,000
2,ia,oa Q-J.
1,5a,oa J. AD.
2,000,0a Q-F.
sa,oa M.AN
2a,oa Q— J.
4a,oa A. AO.
3a,oa J. A J.
mu
•
10a
1a
10a
:o
10a
1a
:a
1000
100
.Mushwick Ao. (Hkh/n)—stock.
tciV a
Central Cross Zown- stock.
...
1st
mortgage
Houston, West st.dkPavJFy—stk
.
l»t mortgage
Second Avenue—stock.
; 8d mortgage
.
Cons. Convertible
jP®J^^l0H**:*«*«S*M*»#*S**
Buelh Avenue- stock
1st mortgage
XWrd Avenue—stock
^ipt inortgage.
••••
d«-e«4—stock...
l«tsift»tsn»«...;.-.
^fTUMdlomn
ta
10a
100
sa
la
1000
10a
5a Ac
1a
uwo
ia
10a
1a
wo
shows last dividen 1 oa
---rtt.
7
600;0a
aa,oa M.AN.
250,ca
sa.oa J. A J.
.
•
.
....
..
•••«••
1,199^)0 Q.-F.
tso,oa A.AO.
i,05c,ai M.AN.
-
2U0.OO A.A <>.
750,00C M.AN.
415JXI0 J. A J.
2«a,oa
Q-F.
2oa,oa j:a j.
600,000
250.000
J A J.
vf .AN.
NOV., ’o0
Jan., fs8
3
3
Oct
7
*76
,
1888
«
41
96X
84
85
no
Feb.. *38
Jure, ’®3 166
Jan., ’78
Jan
’84 ia
6
Vs
7
„
.*••••
Nov.,t904
•
s
•
S •
V
•
4 •
.
7
•Toly,1894
2
7
7
7
5
7
5
7
4
7
Jan..
'
’.8
63
April, V5
May, ’89
’33
May. *73
95
uet..
July, WflO
Jan., 1S7S
July, 1890
Feb
’78
May. *98
,
Mechanics’(Bklyn)
Mercantile
Merchants’
Montank (B’klyn).
Nassau (B’klyn)...
National
N. Y. Equitable....
New York Fire
N. Y. A Boston
New York City....
Produce
Relief
Resolute
Star
Sterling
Stnyvesant
Tradesmen’s
United States
Westchester
Williamsburg City.
•
*
fig’s
25,019
129,148
553,898
96.478
1,016.708
20,431
a
14
10
15
12X
19
10
12
io
10
10
is
55
30
io
10
20
!0
10
10
LU
ll
15
20
10
10
10
10
12
12
is
10
20
20
20
10
10
16
10
10
14
30
10
10
20
20
20
12
20
20
10
12
30
102,581 20
208.026 ■20
108,888 18
2a,oa
2a,oa
iso,oa
iso,oa
789.112 10
8,256
i,oa,oa
2a,roo
2a,oa
sa,oa
10
12
30
20
20
20
15
6
10
10
_
55,755 10
t 8.321 11
208.7S5 •20
116.943
14.4J4
180,044
123.752
10
11
15
10
Jan.. "38..6
5
5
t
20
14
il
3
15
20
15
15
0
12
Feb./79..5
15
Jan.,’78.7X
•Jan., *74..5
July, *37..5
Jan., ’73. .6
12
10
13
...
•
10
10
so
20
40
to
20
10
10
10
10
12
12
10
10
20
10
20
(0
10
23
0
11
14
30
20
10
20
20
25
16
20
20
.
•
•
•
10
3)
20
41
5
10
20
10
16
10
20
Il2
Niio York:
1841-53.
Water stock
do
1854-67.
Croton water stock.. 1845-51.
..1352-60.
do
do
Croton Aqned’ctstock. 1865.
do
pipes and mains...
lo
reservoir bonds
ao
do
1865-68.
stock.... 1869
....1869.
no
Consolidated bonds
Street imp. stock'
var.
do
do
New Consolidated
Westchester County
var.
160
Jan,. *78. .5 103
Jao.,’78.7x 210
270
135
50
•••*»»
85
140
185
Jai./»8.3X
Jan *78.. 10
iu
Jan., *78. 5
Jan., "IS..5
Jan., "78..5
Jan., ’76..5
Jan., ’78..5
Jan., ’78..5
Jan., ’78. .5
Sept., *77. .5
•o
Jan.. *78.It*
10
10
12
12
13
10
2’
0
0
20
Jan,
Jan.,
Jan.,
Jaa.,
Jan.,
Jan.,
Jan.,
i»*
12
Jan
Jan
Jan
17
133
125
85
102
•
• •
106
90
US
103
90
•
•
106
80
•
•
••
•
•
’73. .5
’73. .6
,
,
^
*78.10
Feb,*,8..7
10
12
30
20
20
20
20
20
20
20
18
10
10
10
13
25
85
125
1«5
165
1*0
35
110
125
116
175
95
158
U-5
175
108)4
190
150
180
z.n
<5
240
.
....
......
"38.^
Jan.,
July,
July,
Jan.,
Jan.,
....
112
-
Jaa., 73..6
Jan., *18.10 143
sx Jan.,*73 3)4
10
10
••
•
2>
sx
••
105
95
Jan., ’74..6 .07
Oct.. *77..5 115
Jan.. "73.20 200
Jan.. *18 .6 105
Jaa., ’73.10 175
12
u
•
180
170
85
14)
100
"78..?
*38..5
90
’78..5
*78..3 150
"38..5
Jan., *73.io
"73*10
Jan., *73..5
Jan., ’78. .9
Jan., ’78..7
Jan., *78.10
Jan., *78..5
'O
3J
20
to
20
18
20
11
20
23
16
10
20
2)
1C
•
•
• •
• •
155
t0
95
.....
*«
Jan
,
*38
6
Jan., *18..5
Jan.. "38.10
10
2>
tcrip.
123
125
1-5
190
70
50
IOO
••••••
so
123
120
95
.....s
••••••
111
2W
tTh* surplus
PRICE
Water loan.
...
.....
..
...
City bonds
Kings Co. bonds*.
do
Park bonds
do
......
•.
............
...............
Bndg*
......
•All Brooklyn
7
do
do
do
do
Payable.
Feb., May Aug.A Nov.
do
do
do
do
do
do
do
do
do
6
6
7
•
do
do
do
do
do
rtK*KM. .lr.. rtrognr. 04
January A July,
7
do
do
do
do
Mav A November.
do
do
January * July.
do
do
do
do
do
do
6
6
a
6
6
..
117
104
1879-90
1901
1888
102
ICS
10*X
102
108
106
Jersey CUy—
Watet'loan, long
6
1869-71
1866-69.
Sewerage bonds
Assessment bonds... 1870-71.
Improvement bonds
Bergen bonds.*.......186JM&9.
7
7
101
104
U7H
117*
1I7X
103
101
105
108
107
7
St., Jersey City.)
January A July.
January A Juiy.
1895
1899-1902
1877-79
Jan., Mav. Jnly A wov.
1891
do
do
7
J, A J. and J A D.
7
Jannarv and Jn)»,
109
113
1C8
103
107
116
109
101
119
105
118
109
105
105
109
107
wall 8T..I
bonds flat.
[Quotations by C. ZabricKie. 47 Montgomery
do
1878
1894-97
1889
1878-80
1881-95
1915-24
19a
1915
1902-1905
JS81-95
nge-ss
l VO-33
1924
907-1910
do
do
do
ao
7
1890
1883-90
1884-1911
1881-1900
1907-11
1878-98
1877-95
1394
do
7
7
7
7
101
103
108
105
ia
102
103
1C4
1:2
106
101
100
118
106
ia
1879-82
1896
January A July.
do
:a
1693
Feb.,May, Ang.A Nov.
May A November.
Askd
1878-30
1878-79
1901
May A November.
7
6 g.
1.
do
do
do
do
May A November.
7
....
Bid.
Feb., May Ang.A Nov
6
5
6
6
7
6
5
sr.
N.
I Quoiauou* i»y n
Bridge bonds...
105
var.
Brooklyn-Local lmpr’em’tCity bonds..
•
do
Park bonds
Water loan bonds
ia
Months
Rate.
75'
stocks, but the date of maturity of bonds •
112
Bonds due.
6
io5*
55
112
75
60
Jan.,’78.15
Interest.
Floating debt stock.... 1860.
100
95
110
tSi6 and 12*50 In 1877;
Standard, 11 53 In lh76 and 12*a5 in 1877. (—) shows deficiencies
City Securities.
I Quotations bv Daniel A. Moran, Broker, 40 Wall Street.)
.
Market stock
Impi nvement
133
12S
150
5)
Jan.. ’77..5
10
• a
1TO
Aug.,*74..*
J ftu., 78..5
•Over all liabilities, including re-lnsarance, capital and
represented by scrip Is deducted, t Continental, l.*4> in
12
*93*
n v n
115
126
105
45
•••••».
•••
60
140^
.
’10
6
s •
118
,
20
114
7
85
66
21s
......
!l6
110
1870.
50
95
‘TO*
ic5 *
July, *77. .5
Jan., T7..5 60
Jan., *7S.10 130
Jan., 74.6*65 150
Oct.,* *77.U 2a
Jaa., *78 5
Jan,. T? .8
23
t
Jan.. "78./. 120
Jan., *38. .5
Jan., *77. .4
Jan., "77. .5 50
Jan., *7<..5
Dec., *77.10 i90
Feb.,"77..5
Feb., "IS. 10
Jan.. *73.1C 175
Jan., "38.10 170
Feb.. ’78 5 115
,
,10
250,OCO
18
TO
300
185
*7?..5
10
76 .5 40
12
11
"78. .5
•20
20
78.10 155
Jan *38..8
12 X 1-5X 16
10
10
10
Feb., *78. .4
11 6 t
t
July ,*77,6*23
17 X Jao.,’78.7X 112
12X 15
Feb *73..5
10
10
10
20
2)
lfi
Jan *73. 7 120
—18,150 10
60,747 w
2a.ao
2a,oa
2a,oa
2a,oa
2a,oa
2a,oa
2a,oa
2a,oa
2a,oa
iso, oa
250,oa
300,000
2)u
30
•
July, *77 .5
Jan., *74 .5
io" io” to” io* July! *37 ”5
448,830
850,oa
20
10
20
20
23
20
•20
10
10
’^5
..
10
10
tl34,9l6 13
8U.494 10
192,806 10
208,0* 4 10
263,204 20
177,‘J<8 10
49.942 10
191,016 17
114.9! 6 20
211.737 20
1> 8.319 10
823,994 20
178,795 20
—8.614
19
15
15
10
4
5
10
20
5
20
20
10
25
15
10
8
10
0
.
126,919
57.93>
—26,018
8
10
10
30
5
20
30
20
20
20
10
10
20
9-81
13'.l>66
104,159
89,410 7
t)6,81« 10
195,0 0 20
49,640 20
151,093 10
D75.
70
105
liO
301,674
moot)
25
50
100
100
25
25
25
10
50
10
10
13
10
30
10
10
10
10
18
10
10
no
2a,oa
2a,oa
100
100
100
25
100
,,
111,728
2io,oa
20
50
50
1W
50
..
90
«
2a,oa
30
17
20
154.SS8
97,683
-13,406
>0,783
4.978
—98.235 10
686,9:1 :o
653,0:9 10
116,153 15
150,000
100
100
iot»
50
25
25
Exchange
Republic
96,572
-19,724
200,000
300,000
200,000
250,0a
2a,oa
150,oa
ja,oa
2a,oa
2a,oa
2a,oa
%
..
496.731
20T.OC0
100
Cooper.
People’s
Phenlx (B’klyn)
1899,436
150,000
2a,oa
Park
Peter
164301
200,000
204,000
150,000
50
50
North River
Pacific....
—17,877
2,008
200,000
200,010
50
20
5
20
>88.119 1?
do
87
115
IU5
50
90
12
so
*77
‘ov.
April. ’S3
153,000
800,000
210,000
250,000
800,000
200,000
200,000
1,000,000
800,000
200,000
Dock bonds
......
•
200,000
..1853-65.
,
’
s •
wx
Dec,1902
7
5
7
Manuf A Builders*.
Manhattan
Mech. ATrad’rs’....
fig’s
8C0/42
2(4.888
+3-H»,S7Q
179,468
no
6
21*0
40
Jan., ’78
7
Lorffiard
892,121
200.000
Central Paik bonds. .1853-57.
62X
t
3
7
2
1,200,0a J. AD.
i,2a,oa Q-F.
9a.ua J. AD
ijwo,oa J.A .1.
203,oa J. A J.
748,oa M.AN.
236,oa A.AO.
June,1884
3X Feb., *78
1,3c 0,0a J. A J
ia
Pic, ~N. dk E. Riper—stk.
10a
Consolidated mortgage bonus
1a
Dry Dock, E. B. dk Battery—stk.
1st mortgage, cons’d
5C0 Ac
1a
Eighth Avenue—stock
1st mortgage
10a
45d8t. dk Grand St Ferry—stock
1a
1st mortgage...
10a
Ventral
*78
,
LongIsland(Bkly.)
-9,613
fig’s 10
109,57*2 10
800,000
100
120
102
70
’00
S
91
70
100
195
104
165
76
90
*
7
Lamar.. .[
Lenox
do
July, 1»K)
Jan
Howard
Importers’A Trad..
Irving..
10
no
200,000
200,000
1,000,000
500,000
200,000
200,000
200,000
200,000
150,000
500,000
200,000
8,000,000
150,000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,aw
10
7X
2a .ooo
50
100
25
50
50
100
SO
20
40
50
100
25
50
25
100
100
25
50
50
Home
73,177
200,000
200,000
to
14
15
85
[Quotations by H. L. Grant, Broker, 145 Broadway.)
Bleecker 8t.dk Fulton* erry—stk.
1st mortgage
15
50
Saeeuard
St.Nlcholas
Standard
15S
S2
91
Ds'C.24 ’77
Jan. 15, “s
3X »ct. !, n.
5
3
320.0CO A. AO.
1000
Jersey City A Hoboken
Yar.
Yar.
100
Hamilton
Hanover
Hoffman
Ridgewood
Rutgers*
Bid.
Date.
*
as
fit
...
Guardian
Niagara
©
Par Amount. Period
Firemen’s
Firemen’s Fund....
Firemen’s Trust...
Franklin
Gebhard.
German-American
Germania.
Globe
Greenwich
...
....
Gas and City Railroad Stocks and Bonds.
[Gas Quotations by George II. Prentiss. Broker, 80 Froad street, i
Gas Companies.
Eagle
Empire City
Emporium
Exchange
Farragut
...
96
.
....
8
8
•
...
Jan. 2, *78.. .5
Jan. 2, *78...5
Jan. 1, *i8.,.S
Novl0.’<7 3X 101
Jan. 2,*78.. 3
Jan. 2,"73...4
Nov 1/7? ..4
lan.2, *78..4
9
•
66
..
-
7
7
3
8
•
Jan. 2/77.
10
9
...
Jaa.
3
10
8
10
...
....
.
•6X Feb. 4,*7S .3
ex Aug.13.772X
t- «
....
S3
...
•
‘
8
6
12
11
3
•
•••
Jan. 2. "79...5
Feb. l.*78^X 128
11
12
6
10
6
#tf
• • •
•••«
•
12
12
10
10
7
.
9)
6
sx
Commercial
Continental
Knickerbocker
...
•
Clinton
Columbia
Kings Co. (B’klyn)
"
»,’75. .4
^OV.10,17 ..3
7X Jao.2, "78 3>i
8
Tan. 2, *78..4
8
Fe ». 1, *79..4
3
Jan. 2, T?.. 3
6
July 5/77 ..3
July 1, *74AX
’
Lafayette (B’klyn)
Oct.
{
Broadway
Brooklyn
Citizens'
Jefferson
.
ia
• • • •
Jan.7/78..fs
10
•••
• ••s
’77.18
Nov. 1,
6
•
Bowery
Brewers’ A M’lst’rs
Hope
....
3X
f
•
•...
Guaranty
...
14
14
10
.........
Price. ""
1874 1875 1876 1377 Last Paid. Bid. Ask
13,856 10
22,814 10
T211.7C2 14
400.000
50
100
100
20
50
25
100
25
17
20
70
100
30
100
50
100
40
100
100
30
50
17
10
10
100
10U
100
50
50
25
mo
Commerce Fire....
• •
220X
Jan.2, *77.. 3
Jan. 2. "78.3X
7
12.500
1,000,0a
•
76
•
.
8**
28 -,C00 F.AA.
800,000
..
••
...
.
.
wuoc F.AA.
51.400 J. A J.
72, E00 J. A J.
251.500 J. A J.
40 400 J. A J.
174.300 M.&.N.
225.600 J.A J.
sn.ooc J. A J.
675.700 M.AN.
86,800 J. A J.
•
100
Dividends.
PLUS,
200,000
200,000
25
City
...
_
.
250.000
July 2, *77...3
Juy 1, *76 ..8
Oct. 1.77.2X
Jan. 2. "76...8
«X Jau.2, "78...3
10
Novi, *77... o
7
Oct.lO/77.3X
Feb.1/74...8
6
May It, *77. .6
6
May 2, *77.. .6
7
Xov.l,*77..8
10
• *
•
117
12
7*
10
i
1,500,000
1.000,0a'
300,000
•
t
12
73,.600 J. A J.
90.70) J.A J.
75.100
17.300 J A J *.
60.500 J.A J.
19.600 J. A J.
1:2,51:0 J.A J.
154.406 J. A J.
181.600 J. A J.
•
....
tT“
Jan. 8. *76.!! 8
Feb. 1, *78...5
10
*
•
•
.....
10
1,000,0a
2,000,000
412,500
1,000,000
•
•
...
....
?X
10
215^00 Q-F.
517.800 J. A J.
....
Nov. 1. *77..5 200
Jan. 7/73...4
10
10
37.600 J. A J.
422.7a
97X
•
's'
965,201 J. A J.
5,U’0 A.A O.
47.100 M.AN.
400,000
800,000
96
.....
1,000,0a
700,000
Amity..
...
1 Net
bur
J1878.*’
i
Adriatic
Atna.
American
American Exch'e..
Arctic*.......
Atlantic
..
....
Jan.’ 2* ’ 78.*. is
7
‘
8
8
3.000,0a
200,0a*
800,00)
750,000
•
July 2, *77...4
Jan. 2, *78.3x
8
100
8
20
183,eoo MAN.
500,oa
8.000,0a1
200,0a
* A
...
.....
843.700 J. A J.
251.700 J. A J.
1,000^)00
3,000,0a
...
6i
...
Jan 2.TS..3
8ept.l *75. .5
16
IT
5
8
10
8
9
S
144 800 M.AN.
139
i0i
Jan. 2, *78..4 i&2
5* Nov 1,77.. 2 ;a
Jan. 2. "77.. 8
12
••••••a.
600,000
Ask,
8
^ » s
»
Bid.
Last Paid.
1876. 1877.
Cflea
1.665,"900
..
Capital.
I
J. A J.
9
too 8,000.000
America*
7
American Exch.. too 5.000,000 1,379,200 14.AN.
250 000
too
Bowery
211,700 J. A J. 12
150.UIU
Brewers' A Gro’s’* 100
900
25
1,000,000 1,239,5C0 J A J. 63
Broadway .
10
Boll's Head*..
200,000
19,u00 \f. AS.
Batchers A Drov.. 25
500;0G0
3 2.200 i. Ad. 10
8
100 2.000.00C
Central
399.800 J. A J.
Chase.
Chatham
Chemical
Citizens’
Pnxcx.
Dividends.
Capital.
Compantb s.
Insurance Stoek List*
(Quotations bv K. 8. Bailey. broker.65%all street.)
1905
1901
Wl
U8X
ia
107X
U8X
JOS'
1C«
111
119
Ut¬
il*
109
107
188M
106
110 ;
1G9
THE CHRONICLE
2-<8
3 noefitmcHts
AND
STATE,
CITYgfLND CORPORATION FINANCES.
is published on the last Saturday
af each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
subscribers. One number of the Supplement, however, that for
January, is bound up with The Financial Review (Annual),
The Investors’ Supplement
elnd
can
be
purchased in that shape.
December 31, 1877.)
The annual report is a voluminous document, and contrary to
osual custom with this or any other railroad report, it has been
published as an advertisement in the daily newspapers. The
purpose of the managers in going to so large and apparently un¬
necessary expense Las not been explained.
The most striking
stud novel feature of the report is the proposition made to
stockholders, which will be found at the end. Possibly the plan
suggested for purchasing the securities of leased lines, &c., out of
the earnings of the Company may be the best that can be found
to relieve the Company from the burden of its enormous annual
charges. From the report we condense:
The following account shows the earnings and expenses, and
charges against income, on the three divisions operated directly
by your comDany east of the cities of Pittsburg and Erie, viz.:
1st. The Pennsylvania Railroad Division, embracing the Main
Line from Philadelphia to Pittsburg, and tbe branches thereof,
whether owned or leased, and covering a total length of line of
(For the year ending
1,055 miles.
2d. The United Railroads of New Jersey Division, embracing
Ihe lines betweeu Philadelphia and Jersey City ; between Phila¬
; the
branches of these several
Belvidere Delaware Road, and all the
lines, covering 373 miles of line, and the
Delaware & Raritan Canal, 66 miles in length.
'3d. Tbe Philadelphia & Erie Railroad Dlvison, between Sunbury and Erie, covering 288 miles of line.
These three divisions aggregate 1,782 miles of line, and show
the following results for the year:
Oeneral Income Account for the year
No. 1,
MAIN LINE AND
ending December 31, 1877.
PENNSYLVANIA RR. DIVISION.
Ea>nings.
From emigrant passengers
From Adams Express
From carrying U. S. mails
From miscellaneous passengers
From rents
Total earnings
6,227.701 26
Total expenses
1/132,995
Net earrings from opera4 ing
A dd interest received in cash from
investments..
97
221,525 39
Total net earnings
Deduct payments.
Payments on account of dividend,
2,^51,521 36
4,398,553 13
36,516 27
4,437,039 40
Net loss in operating U&ited Rail¬
roads and Canal Co. s’ property. .
1,482,518 04
Balance niter deducting loss in oper¬
ating United Railroads and Canal
Companies...
$4,591,410 52
No. 3, PHILADELPHIA & ERIE DIVISION.
PHILADELPHIA St ERIE RAILROAD.
From
From
From
From
From
From
From
Earnings.
general freights
miscellaneous freights
$2,638,697 55
77,088 01
371,153 ^4
first-class passengers
emigrant passengers
express.
/
1,409 12
36,694 94
3\205 09
17.794 55
carrying U. S. mails
miscellaneous passengers./
Total
earnings
Expenses.
conducting transportation
$3,172,992 70
.
For
For motive power
For maintenance of cars
For maintenance of way.......
'
$650,009 80
269,931 80
566,945 47
Total expenses
2,049,627 34
.
Net earnings from operating Philadelphia & Erie Railroad..
Deduct interest charged for use of equipment, <fcc
Net earnings applicable to pay interest
Dednct amount paid Philadelphia &.
as rental
.
562 740 27
$1,123,365 36
'.
Erie Ra:lroad Company
77,2 6 51
...
3,239,415
143,857
313,118
814,716
69.353
76
57
43
14
-
$18,983,456 25
932,525 54
2,185,486 28
845,555 79
831,175 46
ments, in cash
Add interest received from invest¬
ments, in seen ities at estimated
cash value
Co
Baltimore
ing interest guaranteed by the Pennsylvania R. R.
Steamship Company, deficiency in meetirg
guaranteed by the Pennsylvania 11. R. Co...
Allegheny Valley R. R. Co., deficiency in meeting in¬
terest guaranteed by the Pennsylvania R. R Co
Philadelphia & E ie R. R. Co., deficiency in meeting
interest on guaranteed bonds not ownel by the Penn¬
sylvania K. R. Co
Grand Rapids & Indiana R. R. Co., deficiency in
meeting interest guaranteed by the Pennsylvania K.
402,771 72
2,165,862 16
345.720 09
10,743,899 86
Total earnings
Deduct payments.
Centals paid branch ro *ds
Interest
on
equipment charged
braneh roads
Kent Harrisburg & Lancaster Rail¬
road
Interest on bonded debt
Balance of interest on unfunded
debt
Interest paid State of Pennsylvania
on account of paichase of main
line..
..
Premium, exchange, commissions,
Ac..:
Total payments
183,252 14
79,859 12
16,100 20
43,385 69
(For tbe amount advanced to this Company,!he Penn¬
585,78i 95
sylvania R. R. Co. holds the first mortgage coupons,
which are sec or-d by the land grant, and believed to
be a good asset, as h reinafter more particularly
69,479 42
stated.)
132,572 93
3,313,185 63
Loss shown in Income Accounts on the
Southwestern leased lines of Pittsburg
Cincinnati & St Louis Railway Co
.$131,784
Less profits on the Northwestern lines and *
olher property of the Pennsylvania Com¬
pany, as shown in its income account...
30,173
252,949 21
237,002 34
61
83
the Lykens Valley Coal Co. 7 7.. .$174,818 72
Less profit ou the Summit Branch R. R. Co.
27,267 32
Loss
85,936 76
101,613 81
on
$147,561 40
Net income Pennsylvania Railroad
$6,063,928 56
main line and branches
JERSEY DIVISION.
BRANCH.
Earnings.
$3,868,582 82
148,66® 14
3,653,571 06
30,622 5n
Less also one-third of the profits of the Min
eral Railroad and Mining Company
15,793 99
131,761 41
UNITED NEW JERSEY RAILROAD & CANAL COMPANY, INCLUD¬
ING BELVIDERE
RAILROAD AND FLEMINGTON
DELAWARE
From general freights
From miscellaneous freights
From first-clsss passengers
From emigrant passengers
From express
From carrying Uoiud Stitts mails.
From miscellaneous passengers
From Delaware & Raritan Cana’....
8,810 56
250,143 13
R. Co
4.079,971 30
No. 2, NEW
^
Potomac R R. Co., deticiency in meet¬
Co
American
interest
51,763,090 44
Add interest received from branchy
roads for use of equipment
&
51
meet¬
ing interest guaranteed by the Pennsylvania R. R.
$8, <32,317 61
—
2,586,076 01
Western Pennsvlvania R. R. Co., deficiency in
$10,751,138 64
FTet earnings from operating main
line aud branches
Add interest received from invest¬
=?
The details of the foregoing acconnts appear in Statements A and B, attached
to this reporr, which give separately the results of the working
of each road
inc'uded in the three Divisions east of Pittsburg and Erie.
O it of the balance above shown
7
$4,591,410 52
There were paid during the year two dividends, one
of 2 per cent and one of 1# per cent
$2,410,457 00
State tax upon same
175,619 01
Susquehanna Coal Company, deficiency in meeting
interest guaranteed by Pennsylvania R. R. Co
$121,484 88
Pennsylvania Canal Company, deficiency in meeting
interest guaranteed by Pennsylvania R. R. Co
38,605 37
$4,189,253 99
3,u«8,317 06
For motive power
For maintenance of cars..
For maintenance of way 7.
For general ex -ensi s
‘lotal expenses....
$884,175 46
From this balance to the credit of income account for the year
1877 of
$1,995,834
Your Board of Directors mifehf have deducted the deficiencies of
the following Companies in meetiDg their fixed liabilities for
that jrear, as follows :
72
183,593 61
.
239,189 93
Showing a credit to the balance of profif and loss on the operation
of tbe lices east of the cities of Pittsburg and Erie for the year
1877, of
$1,995,331 51
It will be seen from the foregoing statement that the net income of the Com¬
pany for the past year was a fraction over 6 per cent.
314,612,109 01
Expenses.
For conducting transportation
2.513,356 35
1,422,574 96
474,306 21
1,240,202 20
69^49 76
477,6 6 78
BRANCHES, PITTSBURG TO PHILADELPHIA.
From general freight*
From miscellaneous freights
From firat-clasajpaesengers
Total earnings
motive power
maintenance of cars.
maintenance of way
general expenses
cmal expenses
Total payments.
PennsylYania Railroad.
delphia and Amboy
Expenses.
conducting transportation..
interest, &c
Payments on account of interest on,
equipment used t y Belvidere Del¬
aware Railway Company..
REPORTS.
ANNUAL
For
For
For
For
For
For
[Vol. xrvi.
*
2I5,7«>6 68
116,629 <4
3 V45 94
896,569 65
$9,960,697 23
975,026 81
$1,020,808 20
(None of the obligat’ons of these three latter Companies are guaranteed
either directly or Inuirectly by your Company.) f\
Many of these companies have met the deficiencies referred to out of their
own resources, but placing the matter in i he moat unfavorable light by assum¬
ing that tbe wtu le of these looses might fall upon the Pennsylvania Railroad
Company as an owner of th j majority of the share capital of the respective
companies, it will still Ve seen from the above statement that there will be
a balance of $l,i 20,809 20 to the credit of the income account of your company
f r the year, after deducting the payment of dividends that have been made in
1877, amounting to 3% per cent.
/
The following statement will show the changes which your board has deem-,
ed it wise to make i t the profit aud loss account of the compiny, in order to
;
place its financial condition on a more conseivalive basis:
*
MAltai 9,
Amount to credit of income account for
Add amount to credit of profit and lose,
461.868 40
realized from old accounts and assets
$12,511,399 91
Against which were charged off dnrin2 the year the following items:
$7,910,387 »U
Reduction in value of securities
911,633 95
Sundry accounts charged off as of no value
Snndiy securities transferred to suspense account
as
of doubtlnl value
Loss in operating Elmira Chemung &
line (divided equal y with Northern
Canandaigua
Cent. R’way)
$2,317,382 00
and equipment
$2,000,000.
expeudea during the year was as follows:
For construction—Pennsylvania Railroad proper.... $763,208 78
84,695 20
United Railroads of New Jersey...
For equipment
For real estate—Pennsylvania Pailroad proper...
United Railroads of New Jersey.
$817,903 93
75,489 67
$141,252 16
77,683 16
$218,940 82
—:
For extension of, and new work upon,
roads controlled by this company
Making a total of
branch and connecting
184,614 It
$1,326,918 05
.
COMPARISONS WITH 1876.
Earnings and expenses on all lines cast of the
Gross earnings, 1877
Gross earnings, 1876
Decrease in gross earning*, 1877
Gross expenses,
1877
Rentals and interest
Gross expenses,
on
equipment, 18i7
on
equipment, 1876
Decrease in gross expenses, U77
Net earnings, 1877, after deducting
equipment..
Net earnings, 1876, after
$5,778,914 81
24
25— 20,932,728 49
34
S7— 24 076,675 21
rentals and interest on
$3,123,946 72
10,181,417 69
deducting rentals and interest tn
12,834.885 78
••
$2,649,968 C9
The gross earnings per mile received from 358 miles of Main Line in 1876
were $51,916 92, and in 1877 were $16,773 35, showing a decrease per mi.e of
equipment..
.
Decrease in net earnings. 18" 7
$5,143 57.
PENNSYLVANIA RAILROAD AND
BRANCHES.
The actual cost of operating your Main Line in 1877, excluding branches,
was 55 47-110 per cent of its receipts, and including branch line*. 66 63-100 per
cent. In 1876, the cost of operating your Main Line, excluding branches, was
58 70-100 per cent, and including branches, 59 90-1 0 per cent.
The actual cost of operating the United Railroads of New Jersey, including
branches and the Delaware A Raritan Canal, in 1877, was 6* 5-10 per cent of
the receipts from transportation ; in 1876 it was 58 8-10 per cent.
The actual cost of operating the United Railroads of New Jersey, including
branches, and excluding the canal, in 1577. was 71 3-10 per cent of the receipts
from transportation ; In 1878 it was 56 9-10 per cent, the increased percentage
for 1877 being dne to the heavy falling eff in passenger receipts as compared
with the Centennial year.
The actual cost of operating the Delaware A Raritan Canal was 53 28-100
per cent of its receipts; in 1876 It was 59 40 109 per cent
TRAFFIC STATISTICS.
The following tables show the movement of tonnage
lines east of Pittsburg and Erie for
tha preceding year.
same over your
TONNAGE MOVEMENT OVER LINES
1877.
Main line and branches
9,738.295
.
.
Delaware A Raritan Canal
Totals.
EAST OF PITTSBURG.
Inc.
1876.
3,9*2,523
2,(81,450
2,023,443
49,rot
163,990
125,735
18,405,711
18,251,061
389,266
154,650
•
•
Pec.
184,616
•
......
••••••
184,616
Not*.—The Belvidere Delaware Railroad having been operated during
1877 under lease to and as part of the United Railroads of New Jersey, its
tonnage is included in that dlvidon, while in the statements submitted in the
report for 1876 it appeared separably.
TONNAGE MILEAGE ON LINES EAST
1877.
1876.
Main line and branches
1.494,793,lf8
United Railroads of N. J.... 256,134,099
Philadelphia & Erie
Delaware & Raritan Canal...
Totals...,
835.727,141
93,800,450
2,180,459,S£8
OF
1,629,742,021
251,606,474
PITTSBURG.
Increase.
Decrease.
134,943,823
4,527,625
4,663,563
34* *,890.703
87,814,458
and
branches.
373
phia A
Erie R. R.
it8
Pittsburg Jk
Erie.
1,716
passenger per
mile
Average cost of tiansportlng each passen¬
mile.
senger per mile
Of the 9,738,235
869-1030
2 863-1000
2 225-1000
225-1000
2
2 989-1000
969-1003
2
2-323-1000
751-1000
11 751-1000
1
1 670-1000
670-1000
3 414-1000
3 4H-10CO
1 731-1000
0
0 612-1003
612-1000
0
555-1000
0 555-1000
0 455-1COO
0 530-1000
Loss.
0 455-1COO
tone moved upon the Main Line 1.307,787 were throng!*
freight and 8.480,503 local freight Itwilbe seen from this statement that
the local freight of the line was more thin six times the amount of the through*
tonnage, so that much the larger portion ol its revenue is derived from ft*
local business.
The volume of east-bound tonnage was more
than double that of west—
bound, although there wat a decrease in east-bound through freight off*
22 9 M00 per cent, or 201,*08 tons, and in l»»cal of 78,263 tons. The decrease to
through tonnage occurring dn-iug the fi-st part of the year was due to the
short crops of 1876 and to the complete embargo placed upon the movement,
rf
freight through Pittsburg for ten days by the riots occurring in the city in
July last. '(he decrease shown in east-bound local freight was iu petroleums,
an t gas coal; the coke traffic East is steadily increasing.
The local trade
west-bound ehows an increase of 201,399 tons.
LINES WEST OF PITTSBURG.
The lines west of
Pittsburgh, owned or controlled by your company and'
operated by the Pennsylvania Company, show
the following results for the?
year:
earnings 06 the Pennsylvania Company on lines oper¬
ated by it and through organizations worked under its control
for the year 1877 were
$23,042,574 15
The expenses for the same period were
15,014,982 36
The total
Leaving net earnings
dividends and liabilities of
all hinds chargeable thereto, including the net earnings of the
C. C. & I. C. Railway, paid over to the receiver under order of
From this deduct rentals, interest,
Court ; also interest on bonds, floating
of the Pennsylvania Company
debt and other liabilities
$7,997,591 81
7,925 673 65
Net profit on above lines west of Pittsburg in 1877
$71,917 85
The detailed resnltof the working of each line is shown in Table C, annexed
to the reoort.
In addition to the foregoin; roads, the results of the following lines whicl*
are worked through their own individual organizations, and in connection
with which liabilities have been assumed by the Pennsylvania Railroad Com¬
pany, or its lines west
Terre Hau'e R. R.,
of Tlttsburg, should be noted: >t. Louis Vandalia A*
Indianapolis & St. Louis R. R., St. Louis Alton &
Terre Haute R. K., Grand Rapids & Indiana R. R., aud Cincinnati Ricltr
mond A Fort Wayne baiiroad.
These lines show an aggregate as follows:
Gro-s earnings
$3,954,418 61"
3 823,859 5f\
Expenses
Net earnings
Deduct rental and interest and hire of
equipment. amounting to.
1,721,900 It
$511,34! 01
Loss for 1877, of
loss, your Company and the lines west of Pittsburg
accordance with existing contracts are reqni ed to pay
Deduct profit as before stated of
Of this
Net loss on all lines west of
$1,13*’,559 lfb*
Pittsburg
The difference between this amount
in
$186,046 27
71.917 86-
$114,l 8 41
and the balance to the debit of profit.
and the mileage of the J a®d loss shown by the income accounts of the Pennsylvania Compauy and tbo
1877, as compared with I Pittsburg Cincinnati & >t.
Louis Railway Company
is due t > the
f .ctcuring
that
the actual
advances made by
by these
these Companies
Companies to
to their
their different
different lines
lines curiek
the
year were $12,514 63 less than the deficits shown by the operations of tfcet'
9,92 ,911
3,912,972
2,517.470
1,897,709
.
All line*
east of
LINES WEST OF PITTSBURG.
cities of Pittsburg and Erie.
$31,117,146 18
3 V 91,060 99
$19,028,467
1,904.261
22,031,2 9
1.9.5,445
1876
Rentals and interest
Phi'adel-
eacn
ger one
91
United Rail¬
roads of N. J.
1,55
Length of road
Average earnings from
Average profit per pas¬
65,770 23 $10,164,017
The amonnt actually
nia R. R.
and
branches.
PA88EKGEB.
....
1,216,225 86
Balance to credit of profit and loss, December SI, 187?....,
In the repo't for 1876, the amount estimated for construction
purposes and for real estate, for the year 1877, was stated at
==='■
Pennsylva¬
$1,9»,S34 51
10,051,197 01
1877
December 31,1876
$12,049,531 51
Add amcunt
2sr-«
THE CHRONICLE
1878. |
5.985,992
2,309,553,656. 10,513.617
139,607,385
roads.
The necessary
advances to enable the Grand Rapids & Indiana Railroad
Company to meet its iuttrest have been also made by the Pennsylvania Rail¬
road Company, which holds the coupons so purchased, and which, under the
terms of its lease of the Fort Wayne Road, is the guarantor of $4,0( 0,000,
being one-half of its first mortgage funded debt. The bonds to which toes*
coupons belong are secured by a first mortgage, whrch coveis, in addition to*
the road and its equipment, 593,000 acres of land along the line in the State off
Michigan. These lands were acquired from the State of Michigan by the
Continental Improvement Company in aid of the construction if the line*,
and, by agreement between the Grand Rapids & Indiana Railroad Company
and the Continental Improvement Company, these lauds were *nbseqnently'
pledged as additional security for the bonded debt, on condition that:
Improvement Company should receive the bonds purchased through the proOf these bonds, #1,080,ce ds or :hese lands iu lien or the lauds themselves.
000 were purchased by the trustees of ihe first mortgage of the Grand Rapid*
& Indiana Railroad Company and delivered to the Continental Improvement..
<. ompany, with the land guarantee canceled; but under a m sequent arrange- v
ment made with the Pennsylvania Railroad Company, these bonds are now, a*.
bonds.all$i61,tOG
Eu: chased
through
of land,andconverted
already
been the
converted,
throughint*
the income
so sales
plan adopted
of the
ave
remaining first mortgage bonds and their coupons that a>e purchased (unoer
the guarantee of the Fort Wayne Railroad Company, before the lease cf that,
Net decrease
129,093,768 line) will be paid, and income bonds issued in lieu .hereof.
The entire $1,531,000 of bonds referred to have been purchased writh a por¬
Your special attention is directed to the following table, showing the rev
enue and cost per ton per mile on each division operated by the Pennsylvania
tion of the proceeds of 181,8.0 acres, and there are now on hand $547 1OJ of.
land notes and other assets rec ived from such 8; le for the purchase of.
Railroad Company:
All lines additional bonds. It is believed that the remaining ands <79,600 acres; will,
Penrsyl- United Rail- Philadeieast-of - in connection with the earnings ofthe Grand R ipids Raiir* ud, enable it to
vania R.R. roads of N. phi*' &
Erie
J. and
Pittsburg j av iff its first mortgage laud grant bonds, and secure to your company alt
freight.
and
and Erie.
R. R.
the advances required from it.
branches. branches.
283
3*.3
1,716
The amount of $129,590 60 was paid into the sinking fund for the redemption
Length of road (miles)
1,055
of existing mortgages * n the li es west of Pitisburg during the year 1877.
Aver, earnings per ton per mile
The amount of beiterment expeodi urea dating theyem ou u 1 ituseline*
\
from transportation of freight..0 980-1030 1 51 -1 00 0 786-1000 1 012-1000
was $246,246 93, and the t'cunsyivan a Company received on account thereof
Aver, cost of transport lg each
ton of freight one mile..
....0 55M0C0 1 159-1000 0 483-1000 0 615-lfOO aud of expenditures previously m »de, $717,375 04 iu bettermeut securities am<9
Average profit per ton per mile.. .0 428- 0 0 0 851-10*0 0 308-1000 0 898- OjO cash, leaving a balance still dne the t enusy.vanta Company on that account of
The statements piven beneath embrace the passenger statistics for the yean $388,726 6t, which wil* be received almost entire y in stock of the Fort Wayne
Road and Cleveland & P.tt?burg bonds.
PASSENGERS ON ALL LINES EAST OF PITTSBURG.
The bills payable ».( the Pennsylvania Company amounted at the close of
the year to $2,9l8,t>99 99.
Decrease.
1876.
18** 7.
An increase of equimpmt having been found necessary to meet the want*
1,796.085
Main line and branches
6,926,016
5,129,18!
8,361,0*5 of the Southwestern Lines, a Car Trust was created for this purpose, under
United Railroads of New Jersey
10,745.75©
7,884,725
118,385 which 1,000 box cars were delivered during the year to the Pittsburg Cincin¬
691,561
Philadelphia & Erie
493,176
nati A St. Louis Railway Company, which company pays all the habiliUe*
thereon as they m&iure, bdng $ n7,0C0 per annnm.
Totals
5,855,535
18,363,367
13.(07,832
The freight car equipment of the Pi.tsburg Fort Wayne & Chicago Rail¬
OF
PITTSBURG.
PASSENGER MILEAGE OF LINES EAST
way heingat the present time insufficient to meet the demands or business
Decrease.
1876.
V
1877.
upon that line, applicitiou was made to that company to authorize the bul fl¬
145,158,568 ing of '1,500additional freight tars, under the beturment cl nseof the lease.
Main line and branches
2^8,3:2.09
1(3.158.521
169,339 091 This authority has been given, and their construction will be commenced*
United Railroads of New Jersey.. 143,132,939
817,471,019
9,959,372 forthwith. With these additions, and the renewal of cars d- stroyed at Pitts-:
52, *25,613
Philadelphia & Erie
12,4t6,241
•
*
12 ',208,761
238,757,783
8.4,456,031
-The large decrease in number and mileage of passenger*, as cOmpart d with
,
lTOyis explained by the exceptional volume of travel during the centennial
rna following table ehows the earnings and cost per passenger per mile on
etch of the divisions:
burg, yiur lines west of Pittsburg will be in good shape to accommodat*growing traffic, and to meet the competition of other roads.
Daring the past year ii was deemed to be for the best interests of yotir,
company, and of the Pennsylvania Company, that the lutier sh u!d caned it *.
their
b nets bearing 7 per cent g id interest per annum, amounting to $6,989,i><;0l;
and issue in tneir place bonds to the amount of $7,030,000, bearing interest,
at 6 per cent per annnm.
~
| Vol. XXVL
THE CHRONICLE
240
At the eame time, in
order to enable the Pennsylvania Company to
Your
become
Board
advise
that
there
shall
be appropriated from
the net
of
$103,009
per month,
special guaranteed stock of the Pittsburg Fort earnings of the Company the sum
sum shall
be deposited in a
commencing May 1, 18(8, which
Wayne A Chicago Railway Company held by your company, so that the Penn¬ satisfactory trust company in tbe city of Philadelphia, if arrangements
sylvania Company could, with 25,819 shares of the eame stock previ¬ can be so made which will be approved by the Board, with which shall he
ously owned by it, making together 40.0(0 shares of the par value of $100 per associated two competent and re-ponsible shareholders, as trustees under a
share, amounting to $4 000,000, deposit the same as a collateral security with
the Philadelphia Trust Company, as trustee, to secure its bonds to the amount special trust, having for its object the purchase from time to time of the
bouds and shares of other companies which are guaranteed by the Pennof $3,200,000, bearing interest at 6 par cent per annum, payable quarterly, the
Railroad Company, and also the bonded debt of the Pennsylvania
Pennsylvania Railroad Company sold to the Pennsylvania Company the said sylvan'a
Company, except that portion of the Pennsylvania Company’s bonded debt
14,181 shares for $1,822,837 50, receiving in payment thereof, the following:
the retirement of which is already provided for by the special trust of that
$509,1.0 00 Company hereinbefore stated, i he purpose being to ultimately
6,091 shares L uisviile Bridge Co., at par $100
ail
2,800 shares Little Miami Railroad Co., at par, $50 per share
115,000 00 the liabilities above referred to, the trust to be in such form as yourreduce
Board of
199 Indianapolis and St. Louis Railway equipment bonds, @15 ,
under the advice of competent counsel, may find to be best adapted
percent
140,220 00 Directors,
to protect and promote the interests of the stockholders.
30 Brie and Pittsburg Railroad Co. construction bonds, @80
For
amount of $1,200,000 per annum so appropriated from the net earn¬
per cent
24,003 CO ings tothe
the
trust, and such portion of the sum that may be expended annu¬
355 Pittsbnrg Cincinnati & St. Louis Railway Co.
consoli¬
for construe ion and equipment purposes as will complete the amount of
dated bonds, @ 80 per cent
281,009 00 ally
two per cent per annum upon yonr capital stock, to wit, $177,404, the share¬
11 Pennsylvania Company’s 1st mortgage 6 per cent bonds,
to be emitted to receive annually scrip equivalent to a dividend of $1
@85 per cent
9,350 00 holders
Note of the Pennsylvania Company of four months
232,137 50 per share redeemable at tbe option of the Company, bearing interest at four
per cent per annum, payable semi-annually, and in addition thereto the
the
owner
of ]4,181 shares of the
$!,322.S37 50
'stock is $70,0(0, and
As the quarterly interest upon the special Fort Wayne
the maximum interest upon the bonds secured thereby, which
reduced as the bonds are redeemed, is $i8, 00. the difference is
is constantly
applied quar¬
terly to the redemption of the principal of the bonds at par. The $3,209,030
of Pennsylvania Company bonds were created for the purpose of reducing the
floating debt of tn&t company, and all proceeds therefrom are so applied.
By *he operations of this trust, the interest maturing quarterly upon these
bonds will be paid out of the dividends received on the Fort Wayne stock,
and the principal of the bonds will be extinguished within twenty years,
leaving the ownership of the stock as an asset in the hands of the Pennsyl¬
vania Company.
■*
SUMMARY OF LINES DIRECTLY
balance of tbe net earnings in cash.
The income of the trust to be applied—
1. To the necessary expenses of the trust.
2. To the payment of interest u. on the scrip so issued to the shareholder®,
i d.
J o the purchase from time to time of the outstanding guaranteed
other obligations, as before stated.
OPERATED EAST AND WE3T OF
PI I TS BURG.
Gross earnings, all lines, from traffic, 1877
Gross expense-, excluding rentals, iuterest, dividends,
$54,1^9,720 33
The
companies in which it was concerned as a
Pennsylvania Railroad Company:
All lines east of Pittsburgh a id Erie
Ail lines west of 1 ittsburgh and Erie
No. tons 1 mile.
No. of tons.
Erie
18,40%’; 11
11,870,384
2,180,45f,888
1.453,792,
33,2; 6,CSS
3,840,222,819
Passenger Traffic.
No. Of Passengtrs 1 mile.
No. of
Passengers.
All lines east of Pittsburg and Erie
All lines west of Pittsburg
13,007,832
7,753,123
298,752,730
244,314.440
20,760,955
513,007,170
In addition to the lines directly operated by the Pennsylvania Railroad east
of Pittsburg, the results of which are shown in the tables to which yaur atten¬
tion has been called, the fo.lowiDg roads are controlled either through the
direct ownership of their stock or otherwise.
They are worked in harmony with your general system, but
-
own
organizations, and contribute large'y to
including all
through their
the traffic and revenue of the
main line.
85.450,2(6 66
95,37.\851 45
$178,01 ',293 11
Bonded indebtedness of the
Pennsylvania Company.
7,000,0.0 00
.
$185,016,293 11
Deduct amount of bonds
The balance of these
redeemed and in sinking fund.
4,5(0,000 09
.
$1E0,516,293 11
fixed liabilities is...
and guarantee thereon is 7 4-10 per
The average annu il inter .'St
cent, or in round numbers
To meet this obligation the net earnings for
from the Western lines were
From all lines east of Pittsburg and Erie,
1877
$13,4(0,003 (0
$1,263,557 ( 9
after
paying interest on the debt of the Pennsylvania
Railroad ComDauy, and rental of its branch lines
worked at their cost, for the same period
10,8 4,833 19
18,114,3 0 23
Leaving a surplus, based upon the earnings of 1877, of
$ ',714,390 58
to meet the instalments to the proposed trust, incidental liabilities of the
various companies, and cash dividends upon the capital stock of the Pennsyl¬
vania Railroad Company.
If the
EMPIRE TRANSPORTATION COMPANY.
well-located
works, may
$47,205,675 00
guarantor
34,022,829 40
&c
Freight Traffic.
All lines east of Pittsburg and
All lines west of Pittsburg
Company upon
leased lines, and gua anteed securities, covering 3,405 miles of
raiiwuv lines and 408 miles of canal that are valuable to your own
be stated as follows:
United New Jersey Railroad and Canal Company,
.$20,137,390 93
Showing net earnings
principal sum of the entire fixed obligations of your
and
and
general plan proposed by the Board shall be approved by tbe
share¬
all the
scrip or
debenture issued, bearing 4 per cent interest, would be redeemable at the
option of the company, it would be released from the necessity of raising
large sums of money to meet maturing indebtedness. If the same plan were
n theOctober
future under
1>any
1877,
the title of the “Empire Line/’ 'lhrough the facilities further continued, after the liabilities above stated had been so reduced to a 4
17.
famished by this organization, a large business reaches your roads from per cent basis, the company could al®o reduce its own bonded debt to tbe
Western lines not controlled by you, which otherwise would seek other same basis; and if this is done it wonld then be enabled, by the same, or even
channels. Under the arrangement made, yonr company paid the Empire a less coutr.bntion to the fund, to pay off the scrip indebtedness which it
Transportation Company, in car trust certificates, $l,b50,00j for its ordinary had created, and the final result would be that all your property would be
freight equipment, consisting of 2,704 box cars, 20o stock cars, 100 gondola held by you practically free from bonded debt and liabilities, and wonld
cars, and 40o rack cars, in all 8,436 cars; also $900,000 in like certificates for
embrace 3,912 miles of well-equipped railway and 408 miles of canal, control¬
Its oil cairying equipment, embracing 1,808 tank cars. It also purchased all
ling a large traffic, and upon which it ought always to earn for you reliable
the pier and depot prrperty, sh 'ps, offices and ma’.eiial for repair and 'con¬ dividends. The company would be greatly relieved through the operations
struction of cars belonging to the Empire Transportation Company for the of the trust, and the-net earnings over the 2 per cent represented by the
turn of $450,000, which was paid for in securities owned by your company.
scrip could be devoted each six months to cash dividends to the sharehold¬
Under the arrangement as to car trust certificates, yonr company has ten ers. Should it be deemed advisable during the operation of this trust, it is
years in which to pay, in quarterly instalments, the $1,650,0.0, and eight years believed that the improved financial condition of this company might enable
in which to pay the $900,»00, six per cent interest on .the amounts doe being
it to place the amount of its present bonded debt at a gieatly-reduced rate
paid quarterly. The amount required for interest and ins alments of prin¬ of interest.
cipal is met by a portion of the sums which your company has heretofore paid
To illustrate the working of the trust, an appropriation of $1.200,COO per
for the use of this < quipment and the services rendered in connection with it,
annum for a period of thirty years would enable it to own for the sharehold¬
while under the plan consummated, yonr company will at the. end of the ers. through the purchase of guaranteed stocks and bonds at rates yielding 7
terms named, be the absolute owners of the property.
It is believed by your per cent revenue to the trust, and through the accretions thereon, after pay¬
board that the arrangements made for the purchase of the Empire equipment ing interest on the scrip issued to the shareholders oat of the trust fund, not
and facilities will be productive of beneficial results, and that the increased
less than $73,000,010. If the securities referred to could be purchased at rates
revenues resulting therefrom will provide for the payment of the equipment
yielding 8 per cent to the trnst, the i it would own at the end of the same
much within the time specified in the obligations of your company.
period $94,0.0,000.
No fast freight organization not owned by your company now remains upon
This computation is based on the difference between the rates of interest
your lines.
paid
on the money used in the purchase of the securities and the earnings of
Under the several car trusts which have been created by
ihe securities themselves; but the fund will be largely increased by the pur¬
your company since February, 1875, 8,500 eight-wheeled
chase of these securities below par. If the average price of purchase were 15
coal cars have been placed upon yout lines east of Pitts¬
percent below par, then the fund on the 7 per cent basis would be increased
burg, and 1,0.0 box cars on your Southwestern lines. The
to $84,000,000 and on the 8 per cent basis to $108,003,000.
cars for your lines east of Pittsburg represented a cost
The cost of there securities to the shareholders would have been $36,000,000,
of
$1,949, 00
for which they would hold scrip, and upon which they would be paid interest
535,000
Those west of Pittsburg
every six months at the rate of 4 per cent per annum out of the trust fund.
As the lastyearof the trnst shows an accumulation equivalent to about
Total
$2,481,000 $4,503,000, after the payment of interest on all scrip issued, it will be seen
here¬
via
The fast freight lines owned by the Empire Transportation Company,
tofore wonting over your system of roads to and from Western points
Erie and Philadelphia, Baltimore and New York, was pdlthased by your Com-
holders, it would ultimately result iu the practical ownership of
leased lines, or their assets and guaranteed liabilities: and as the
and the business of that organization will be continued
.
.....
Of which there have been paid up to
On account of lines east of Pittsburg
West of Pittsburg
Dec. 31, 1877:
Total
$165,000
;.
18,000
(quipment has been paid quarterly. The aggregate amount now reqnlred
annually of your company is $3c9,384 64, which is charged to expenses. Tbe
company by thi* plan save* the amount which would be otherwise paid f<>r
car service, if the equipment ust d belonged to ether parties, and upon the
termination of the trusts this company will own the cars without any increase
cf its construction and equipment account by rea on of their acquisition^
Yonr attention has already been directed in this report to the outbreak at
Pittsburg cn July IP, cansing the entire suspension of the freight traffic at that
point for a period of lu days; in addition to tbe great loss of revenue thereby
sustained by the Comoany, millions of doliars’ wor h e f valuable properly was
totally destroyed by fire.
In this destruction v ere included 104 locomotives, 46 passenger cars and 506
freight cars, the whole loss aggregating abr ut $2,(00,000. In addition thereto,
the actual revenue lost by the company through this stoppage of its traffic is
estimated at $1,000,000, and the value of the merchandise in transit destroyed,
at from $1,0(0,000 to $1500,000. In addition thereto, 20 passenger and 861
freight cars, together with their contents and valuable buildings belonging to
jour Western lines were destroyed, and a large amount of property belonging
to cutside companies and individuals including the large grain elevator at
Pittsbnrg, so that the entire loss will probably exceed #5,000,000.
In accordance with the laws of Pennsylvania, suits are being instituted
against the County of Allegheny to recover the damages thus sustained by
your Company, and by other companies and individuals, and no doubt is en¬
tertained that the amounts found to he dne will be recovered. Pending the
settlement of these claims, your Board has not deemed it expedient to reduce
On your
books the value of the property destroyed.
lim¬
proposed to give to the shareholders is very
as a
representation of c »pital, and is known as a terminable debenture, and which
it
483,000
Leaving outstanding at that date
$2,001,000
In addition to tbe portion of the principal thus paid, the rental upon the
"
that with its continuance and its annual accretion, it will require a very
ited term to accomplish the resu ts stated.
The form of security which
is
similar to that which has been created by many of the English railways,
is
considered
a
satisfactory security.
It will be seen from a careful examination of the plan proposed that its
resu ts to the shareholders would be to make their entire property more secure
under its existing obligations; give'greater security in the .future
.
payment of regular dividends, aud place an appreciating
capital stock of the company.
"
Your Board wonld therefore recommend to the
shareholders the resolution appended to this report.
for the
value upon the entire
favorable action of the
v.
stocks and
of the
Pennsylvania Company, and the Pittsburg Cincinnati & St. Louis Railway
Company, are hereto annexed. The reports of the Comptroller and General
Manager will be published in connection with this report, in pamphldt form,
for the use of the stockholders, and will Ehow in detail the resnlts of the
The general account of the Treasurer, with a complete list of the
bonds held by the company, end also the general and income accounts
operation of your lines.
the officers of the
devolved exceptional labors
faithful in the dis¬
The Board desire to express their acknowledgments to
company, on whom the events of the past ye*r
and responsibilities, and to tbe employes who remained
charge of their duties.
By order of the Board.«
THOMAS A. SCOTT,
President.
Resolved, That the creation of a trust, having for its object the purchase
the bonds and shares of other companies which are
from time to time of
guaranteed by the Pennsylvania Railroad Company, and also of the bonded
debtor the Ptnnsylvania Company, be and it is hereby approved; and that
the incoming Boaidof Directors be and tney are hereby instructed and
authorized to take snch action, under the advice of counsel^ as may, in thdir.
judgment, be lawful, necessary, add best adapted to create such trnst and to
accomplish the objects for which it is designed.
./
/
~V i: V
*
>
March
THE CHRONICLE.
9, 1378. j
Philadelphia & Erie Railroad.
(For the year ending December 31,1877).
1 >
The President’s report says :
The one-million
loan—Sunbury and Erie
matured October 1, 1877; the
same
cents—
has been extended twenty
seven per
shows that there have been $279,920 expended for
of steel
account; included in tnis expenditure is 51 74 100 miles
rails, making, with amount noted in last report, 189
6C-100 miles of steel rails
the riots in
July
was
951.096
$1,252,978
Disbursements:
Coupons, rentals and miscellaneous
To receivers of Atlantic & Pacific
Redemption Atlantic
&
.......$261,160
by this
224,005
Pacific securities held
company as assets
802
$1,051,730
On hand in New York
On hand in St. Louis
.$178,177
12,770
191,247
the roadway.. The loss by
This loss is estimated by com¬
now upon
$51,271.
$575,762
485,165
Old Sou h Pacific coupons
new
material, which has been charged to the maintenance of way or
expense
$301,883
earnings......
Total net cash received...
years, by agreement with the holders. The amount of this loan
has been reduced to $976,000 by the cancellation of twenty-four
bonds for $1,000 each.
The statement of the operations of the road during the past
year
Receipts:
** A” bonds sold.
Net
$1,252,978
By the above exhibit, it will be seen that this company has
parison of the net earnings in July, 1877, with those of July, expended from its net earnings $184,086 23 on account of obliga¬
1876:
tions prior to its organization, which, it was intended, should
The net earnings in Julv, 1876, were
$58,225 have been met by sale of its “ A ” bonds.
The net earnings in July, 1877, were
6,953
For the conducting of our business of $1,323,943 76, during the
Showing a decrease of
$51,271 year 1877, over 328 miles of road, we have been obliged to pay
the Missouri Pacific Company the sum of $208,472 98, over 37
No loss was sustained other than the interruption of business.
miles of road, this company furnishing
its own rolling stock.
The road is now in efficient working order and steadily improv¬
Every effort has been made (without avail) with the officers of
ing. reflecting credit upon its officers and employes.
the latter company to reduce such payment to a reasonable sum,
The business of the past year, though showing a decrease in
and, as a final resort, suits hav6 been instituted to determine the
earnings, when compared with the Centennial year (1876), has amount we should
pay as toll under the law.
been of a very favorable character.
The local tonnage—the true
Practical surveys hitherto made indicate t he probable maximum
basis of prosperity on all roads—shows an increase over previous
cost (embracing right of wav) of
constructing a road between
years.
such points at not exceeding $1,000,000.
The detailed operations of the road are as follows :
For future business, if not for the business at present
enjoypd,
GROSS EARNINGS.
GROSS EXPENSES.
an
independent road to St. Louis seems to be a necessity. The
Freight
$2,638.69
Conducting transportation.. $650,009 local business it would
develop would doubtless maintain it, leav¬
Passenger
372,262 Motive power
562 740
Express
36,694 Maintenance of cars
269,931 ing the amount now annually paid the Missouri Pacific Railroad
Malls
30,205 Maintenance of road
586,945 Company of $208 000 applicable to its construction.
94 8i2
Miscellaneous
It is with pleasure that we inform you that your road has
$2,049,627
earned
m.re than enough to pay all its interest
Net
$3,172,992
obligations during
earnings
$l,12i,365
the past year, and that we are prepared to redeem $50,000 of
Receipts per mile of road... $11,017
the South Pacific bonds from money derived from the sale of
GENERAL INCOME ACCOUNT FOR YEAR ENDING DEC. 31, 1877.
lands.
—
♦Total operating earnings
Total operating expenses
$3,172,992
^.
COMPARATIVE STATEMENT OF GROSS
2,049,627
Net earnings
Add receipts from rents, etc
$1,123,365
$1,126,490
revenue,
and
expenses
2,590
24,196
32,365
3,546
13,079
107,518
Totals
$1,323,913
Earnings
96
mile of
$119,039 $111,899
Motive power
149,968
154,871
Maintenance of way. 213,133
308,896
Maintenance of cars. 60,049
49,231
General expenses...
43,621
72,712
I
Totals...
....$584,816
4417
$1,372,658 I Per cent of earnings
herewith submitted
railway
$1,018
those
1877.
1S76.
$739.1*26
$675,047
2,062
2,260
177.
■C-
$46,734,718
Assets:
Bills receivable
Supplies on hand,
$178,477
17,9'8
due from other railroads, etc....
12,770
2C9.706
■
St. Louis & San
50*83
$4,194 |
$-34,029
are
$697,612
per
1,098,215
264,185
1876.
Transportation
on
Balance,being the deficiency after charging all expenses, interest
on obligations, except interest on the preferred stock
The statement of earnings
received from the lessee.
27,024
27,096
....
Expenses.
1677.
$963,775
239,257
Miscellaneous...
45,174
bonded debt and other obligations of this company
Deduct interest and premium and exchange
*
Gross
1876.
..$1,0x3,909
230,242
Rent
239,189
applicable for the payment of interest
Freight
Passenger.
Express
Mail..
$?,000
292,460
Balance, net
Earnings.
1877
3,123
Total revenue
Deduct—
Amount paid for maintenarce of organization
Amount paid for interest on equipment furnished by
lessee
Amount paid drawback to Allegheny Valley Railroad, for
which thi» Co. has received A. V. income bonds...
Amount paid advertising coupons
EARNINGS, EXPENSES AND NET EARNINGS
1877 AND 1876.
FOR TEARS
Gross
Francisco.
$26 943,924
$21,289,608
(From Sept. 7, 1876, to Dec. 31,1877.)
From the first annual report of this reorganized company, the
following is condensed : The Company was organized Sept. 7,
1876, under Chapter 37, Article 7, of Wagner’s Statutes of Mis¬
souri, with a capital stock of $25,000,000. Common, $10,500,000 ;
preferred, $10,000,000; first preferred, $4,5C0,0C0.
The railroad extends from the town of Pacific, thiTty-seven
miles west of the city of St. Louis, to Seneca, on the western
boundary-line of the State of Missouri, a distance of 293 miles.
It was formerly owned by the South Pacific Railroad
Company,
which placed a mortgage on the same, to secure a series of six
per cent gold bonds, known as the First Mortgage Railroad Land
Grant Construction Bond of the South Pacific Railroad
Company
of Missouri, of which there are now outstanding
$7,194,500.
j* On the 26th of October, 1870, that company sold its railroad
find lands to the Atlantic & Pacific Railroad
Company, which com
ptny, having suffered default in the payment of its interest on
bonds issued, was sold in foreclosure and purchased by Wm. F.
Buckley, on the 7th day of September, 1876, and by him con¬
veyed to this company on the 2d day of November following.
By this purchase, this company became the owner of the fran¬
Gross
the Atlantic & Pacific Land Grant.
[A full account of the scheme of organization was published in
the Chronicle, vol. 25,
Surplus earnings
$7,199,782
The operating expenses were 42 28-100
per cent of the earn¬
The disbursements for interest and dividends for the year
ings.
1877 were as follows:
chises of the,South Pacific and Atlantic & Pacific Railroad Com¬
panies, and about 655,000 acres of land covered by the South
Pacific mortgage, and, approximately, 806,000 acres of land known
fie
|Of the
p.
new
organization
282.]
bonds there have been issued under the scheme of
:
Of series “
A,” at par, for cash
$313,COO
W senes “
B,” in exchange, as above
2,673.500
Of series
“C,” in exchange, as above
2,271,000
..“hten, together with the issue of the South Pacific bonds of
$7,194,500 make the total bonded indebtedness of this company.. $12,452,000
.
Bearing (at the present rate)
an
annual Interest of $549,310 gold.
Bonds:
Bonds A
$313,000
♦Scrip for Bonds A
$319,640
Bonds B
♦Scrip for Bonds B
'
$1,673,500
7,792
.
2,681 292
Bonds O
2,571,000
♦Scrip for Bonds C
6,649
2,277,819
Total bonded debt
For fire insurance, premium due in 1878 and 1878
Premium on gold.
Outstanding coupons, including those dne January Ut, 1879
talance of income account to this date
5,278,982
6,000
3,311
222.089
143,933
$26,943,924
♦Fractional.
Union Pacific Railroad.
(For the year ending December 31, 1877.)
The annual report furnishes the
following : The
miles of railroad in operation is 1,042 2-5 miles.
earnings (exclusive of Omaha bridge)
Operating ex penses (including taxes)
Interest
Interest
Interest
on
on
on
:
$1,683,890
516,180
sinking fond bonds..
1,135,040
Total interest
Quarttrly dividends
..
on
Total interest and
number of
$12,473,203
5,273,421
first mortgage bonds
land grant bonds
>
stock
dividends..
$3,285,110
2,989,600
$6,224,710
The funded debt of the company was reduced by
There are still outstanding and unexchanged of Atlantic &
and land sales $278,001.
^Pacific Land Bonds $76,500; second bonds, $22,500 ; income bonds,
The earnings and expenses for the
$8,500; blue or scrip bonds, $3,600; scrip for bonds, $2,859; pre- as follows
:
|ewed
stock, $492,900; common stock, $641,100.
The
following in nn exhibit of net cash receipts from All sources, Gross earniners
the disbursements
thereof, from date of organization to Dec. Operating expenses
v
6,840
..
years
sinking funds
1876 and 1877 compare
1876.
*12 8*6.858
5,268'211
1877.
S12.47&203
T 5,273,42^
'■r
CHRONICLE
THE
40 8S-100
Percentage of expenses
Grose earnings
Operating expenses
-
42 28-103
Increase £ ,210
Decrease $418,8 5
Increase 1 40-100
Decrease $418,654
Burping earnings
Percentage of expenses
The decrease in passenger earnings for the year 1877 was $707,845 less than 1876, being 16 43-100 per cent.
This large decrease
is attributable—
1. To the Centennial held in 1876.
2. To the failure of the crops in
[Vou XXVI.
Detroit k Milwaukee*
(For the year ending December 31, 1877.)
Trowbridge, Receiver, makes his report for the year
1877, from which we have the following:
The equipment consists of 30 line and 4 switching engines; 27
passenger, 7 combination and 9 mail and baggage cars; 340 box*
124 flat and 11 way cars ; 1 pay, 1 auxiliary, 2 bridge repair and 1
'
boarding car.
*
Mr. C. C.
EARNINGS.
California last year,
which
paralyzed basiness.througboutthat State, and temporarily checked
westward emigration.
The increase in the freight earnings in* 1877 was $293,557 over
The live stock shipments the
increase of nearly 100 per cent over those
important traffic of the company.
an
Net earnin'
The Government business included in the gross earnings shows
decrease in passengers of $12,179, being 3 25-100 per cent,
an increase in freight of $69,636, being 31 14-100 per cent.
The percentage of operating expenses in 1877 shows an increase
of 1 40 100 per cent over 1876. This increase arises from the
and
large quantity of
steel rails laid during the ybar.
The following renewals of track have been made during
past year : 11,452 tons of steel rails; 5,489 tons of iron
rolled ; 877,504 pine ties ; 92,939 hard-wood ties.
The expenses for the same were:
The
Kails
Ties
1877.
$49\158
291,024
$513,558
311,669
the
MINES,
by the company for
(JfCft86a
• • t
••»•••••
Average cost
per ton.
$1 13*
1 4114
$3>2,131
375,520
275,180
264,771
1877
8M
10,703
••••«••
$62%389
0 28X
The decrease of 284 cents per ton in the cost of mining has
malted in a net saving to the company in last year's operations
of $78,361.
The Bales of coal for private use compare as follows :
crease
•
Amount.
Ton9.
9.\289
1876
Increase
.65,042
per ton.
$578,3^7
$* 26 6-10
428,687
6 51 4-10
154,610
27,347
This business is rapidly growing and promises to be an important
of revenue to the company. It is pleasing to state that the
source
long-pending suit of Thomas Wardell against the company has at
last been decided in our favor in the Circuit Court of the Unitec
States for the Southern District of Nebraska, and the company
has thus been relieved from this most extortionate contract.
OMAHA BRIDGE.
The earnings
ani expenses of Omaha Bridge were as fellows:
1876.
1877.
.$482,862
226,498
$475,273
$256,364
$196,602
276,006
19,742
253,655
57,053
.
Increase.
Decrease,
$7,569
52 172
276,671
.
.
$59,762
LAND SALES.
The sales of land compare as
follows:
Average
Acres.
Amount.
1878
125,905
1877
69,015
$175,540
343,768
Increase.
Decrease
$137^495
the work done to bring the
the period of the receiver*
31, 1877, which shows th%
:
$278,230
$121,493
122,923
~
551,419
--
•
$23,810
Balance
The Receiver's
general balance-sheet is as follows :
Stores on hand December
Insurance premiums paid
31, 1877
$39,^52 28
.
11,367 05
for 1878
312.537 45
42.000 00
divisible to future years,
Locomotives, paid by certificates
Grand River Bridge, part paid by certificates
Liabilities, April 15, 1875, paid s‘,
Steel rails, balance
10,000 03
216,498 82
49,450 0$
'17,438 46
suit
Bills receivable, accounts due, cash.
Total
Balance from revenue account
Stores on hand April 15, 1875
Unclaimed coupons, December wages
Bills payable outstanding
Receiver’* certificates
Sundry accounts due
$K8,8im
$23,810 33
159,559 83
50,244 91
74,357 50
292,899 70
58,272 79
,
$653,844 11
During this receivership then have been laid 2,000 tons of iron
and 7,999 tons of steel rails, making 150 miles of the track now
laid with steel. The total cost of laying the steel has been $413,*
863, of which $312,537 is charged to a suspense account to be
spread over fnture years. Many other improvements have beeik
made, and sixty-seven new cars have been built and four heavy;
engines bought to replace old ones broken np. He says the line
is now in good condition to be worked with reasonable economy.
......
Average
1877
60,067
*
$10\045
needed, and ten
Mining.
$57,427'
...
C sts of foreclosure
Cost of
60 55
prior lien bonds and thort loans
bought....
bonds and short loans
Improvement of roai
of the road now consists of 168 locomo¬
tives, 169 passenger and baggage cars and 3,107 freight cars.
The increasing freight business requires more cars, and the
company have contracted for 250 box cars, to be delivered early
Tons.
$92,289
Net earnines
Interest sn prior
The equipment
COAL
$134,303
disposition cf net earnings was as follows :
following
The following new cars were added to the rolling-stock of the
company : 42 box cars, 2 small baggage cars, 4 outfit cars, 1 oil
The prod action and cost of the coal mined
the yean 1877 and 1876 compare as follows:
$885,163
43,724
ship, from April 16, 1875, to December
rOLlLING STOCK.
In the spring.
For the same reason, more motive power is
locomotives have already been contracted for.
$7£5.8
$7^5.8 88
841.440
85*48
Expenses were largely increased by
road np to good condition.
The Receiver gives a statement for
The policy of the company is to substitute steel rails for iron
as fast as it can economically be done, the company beside having
other cse for the iron rails taken up.
The present amount of steel rails in track is 192 miles.
Daring the past year the amount expended for construction has
been $229,479.
car.
$977,455
Total
$18,4(0
26,644
$891,227
$786,182
Total
$925,122
749,726
41,092
New work and land
Increase.
1876.
573,245
8»,69T
4,64$
al
cent
Interest on
rails re¬
tank
Total
,
r
a
526.165
Kents.
The increase of freight is derived principally f«,om the local
business of the road, which is growing very rapidly, the cattle
trade alone advancing with rapid strides toward being the most
show
1876.
$359,661
36,892
4,916
1876, being 4 2 100 per cent.
current year
of 1876.
1877.
$3 7,147
per acre
$2 38
4 98
$
$2 0)
GENERAL INVESTMENT
NEWS.
Mississippi k Ohio.—A second report to the holders I
bonds of the Atlantic Mississippi & Ohio Railroad 1
Company was issued in England, under date of January 16, f
1878, by Mr. John Collinson, who spent several months in this
country during the latter part of 1877 assisting in bringing about
a reorganization of the company.
The report states that the earnings and expenses from June 13,
1876, to September 30, 1877, were as follows : Gross revenue,^
$2,305,069 ; ordinary expenses, $1,335,743, leaving a net re vend©
of $969,327.
The extraordinary expenses for renewals and
further construction, lees the value of the old material*, were *
$266,837 additional.
The total liabilities October 1, 1877, were l;
$1,141,291, and there was a deficiency of $607,835. Between June- if
13,1876, and September 30,1877, the receiver paid out, in addition y
to the sums required for proper current expenses, $266,837 for
extraordinary renewals and* constructions; back labor, $80,775
back taxes, $19,057; secured debts and supplies, $11,209. Daring
the tame time the deficit in resources to meet liabilities was
reduced $268,522, leaving the deficit $607,835.
'
It is proposed to consolidate the Atlaotie Mississippi & Ohio,
which is 408 miles long, with the East Tennessee Virginia
Georgia Railroad, 272 miles long, and the Memphis & CharlestonRailroad, thus forming the shortest, and nearly a direct, route£
from Norfolk, on the A lantic Ocean, to Memphis, on the Missis-;
sippi River.
Delaware k Hudson Canal.—A summary of the annual
Atlantic
of consolidated
.
report was
published last week on page 208. The
remarks of ;
president, which accompanied the fignres, had little to say ofj
The Bales during the first six months of 1877 were quite small, facts, though expressing hopes for the future prosperity of the
owing to the dread of the grasshoppers, which destroyed almost company. Among oiher things it was said : 44 The finances of:
the company are in a sound state. Looking to the possibility of/
the entire crop of 1876.
The land grant bond-? outstanding December 3!, 1877, were
$7,324,000 a continued depression in the business (now happily averted)/
There are in the hands of the company land contracts bearing interest
arrangements were made providing for all money needed untiL
56,889
and cast—
Contracts
Cash
Leaving to be provide 1 for by future sales
The company has on hand, still unsold,
81,772
the
406.035
10,764,947
4Sfeable farming, grazing and mineral lands.
i88o."
....$3,0^9,117
8,415,152
$3,£08,847
acres of val-
; :
;
.•
;-£
Hannibal k St. Joseph.—The new application for a receiver
by Turner and others, stockholders, in the Circuit Court atj
Chillicothe, Mo., has been reinstated and continued to the ne$F;
term of Court, with a rule requ;ring the company to appear khd
plead at that time. /
made
&■
March 9,
TEE GHkONXGLK
1878. J
O OTTON.
&!)c Commercial i&imcs.
Friday, P. M., March 8, 1878.
Thr Movrmrnt of thr Crop, as indicated by oar telegram■
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
Friday Night,
March 8,1878.
this evening (March 8). the total receipts have reached 9JJ947
bales, against 94:349 bales last week, 107,670 bales the previous
Speculation in Western products received a severe blow from week, and 120,090 bales three weeks since, making the total re¬
the progress made in the negotiations for peace between Russia ceipts since the 1st of September, 1877, 3,670,001 bales, against
snd Turkey, but cotton advanced from the same cause. General 8,623,749 bales for the same period of 1876-7, showing an increase
since Sept. 1, 1877, of 43,253 bales. The details of the receipts
trade has improved. There has been a partial resumption of for this week
(as per telegraph) and for the corresponding weak*
inland navigation at the North and West, and this always gives of five previous years are as follows :
an impulse to the spring movement.
The weather is good, and
1874.
1875.
1877.
1876.
18X3.
prospects for a favorable season have improved, except so far as Receipts this week at— 1878.
business may be affected by the low value of Western staples.
New Orleans
The following is a statement of the stocks of
of domestic
leading articles
and foreign merchandise at dates given:
1877.
Mar. 1.
Beef
POTk.
rord
Tobacco, foreign
Tobacco, domestic
Coffee, Rio..
Coffee, other
Coffee. Java, Ac....;
goear
towjr
Sugar
Melado
Molasses, foreign...,
Molasses, domestic
Hides.
Cotton....
Rosin...
tea. andbbls.
8,113
bbla.
49,513
..tea.
41.197
baleo. 23,833
hhds. 18,162
...bags. 20,161
bags- 7,198
mats. 16,200
hhds. 9,603
.boxes.
bags, etc.
3,340
1879.
Feb. 1.
4,6OJ
59,831
1
1878.
Mar. 1
5,666
71,719
979
90
695
233
Galveston
9,421
7,825
3,359
5,513
4,473
7,642
6,760
6,935
10.625
6,349
65
26
253
213
473
9,430
•
•
•
•
f
0,Vi9
7,587
V
f
Q JA8
8.691
5,617
8.353
6,052
7,7S0
109,129
44,003
58,085
25,368
Florida
North Carolina.
186
483
116
164
95
103
1,121
3,39c.
7,018
2,3S4
5,624
1,077
13,437
1,198
9*431
7,078
9,590
8,750
475
56,877
42,920
hhds.
.bbls.
1,2>3
24,500
3,036
8,000
2,059
18,000
19
No 152,500
bales. 286,267
bbls. 58,2*6
111,300
141,800
52,817
153,*00
14b,640
49,146
5,991
bags.
bbls. and tea.
5,700
1,820
.bags. 133,200
5,200
1,250
146,100
4,500
935
133.775
bags.
4,100
810
7,500
6,400
Jute....
Jote butts
bales.
bales.
4,400
6,100
9,600
Manila hemp
bales. 34,019
34,961
42,850
774
1,350
1,092
8,547
Norfolk
7,277
1,207
5,925
City Point, Ac...;
l'463
m
431
416
431
821
Total this week
90,917
50,74 i
73,330
60,283
82.273
83,438
191
9,3*1
Saltpetre
..
41,370
5,118
4,688
Tennessee, Ac
4,3tl
Bice, E. I
Bice, domestic
Linseed
22,573
4,719
4,22 (
23,185
17,115
73,049
45,727
35,705
19,1 il
23,943
17,205'
.hhds.
bbls.
5,264
31,613
6,572
3,379
Indianola, Ac.
2,163
Tir.
Charleston
Port Royal, Ac.
Savannah Ac
29,002
93,860
8,673
3,403
7 820
96,994
72,788
bbls.
Spirits turpentine
41,335
Mobile
Total since Sept. L... 3,670,001 3,621,741 3,569,523 3,052,782 3,828,937 2,880^328
The exports for the week ending this evening reach a total of
100,994 bales, of which 46,534 were to Great Britain, 9,244 to
France, and 45,216 to rest of the Continent, while the stocks an
made up this evening are now 771,619 bales.
Below are the
stocks and exports for the week, and also for the corresponding
week of last
season:
1.000
Exported to
Week ending
March 8.
Total
Same
this
week
Stock.
Great
Conti¬
depression in pork, lard, and other **hog products,” has
1878.
France
1877.
week.
1877.
nent.
Britain.
been very severe in the past week, and the prices reached are the
17,515 340,636 308,974
23,459
48,933
6,932 18,493
lowest quoted in a generation. Mess pork has declined to $10 25@ New Orleans
Mobile
1,605
8,496
1,891
9,556 56,243 63,830
$10 50 on the spot, and was offered to-day at $10 25 for April, Charleston
6.562
1,285 38,259 88,687
3,785
10,317
$10 40 for May, and $10 55 for June. Lard sold yesterday and Savannah, Ac....
5,236 60,779 41,897
12,369
12,869
to-day at $7 15@$7 20 for prime western, spot and April, and Galveston*
8,390
6,335
2,065
59,912 69,569
371
1,550
5,150
5,238 145,291 230,853
3,229
tl $7 27}@$7 32} for May. Bacon has declined and closes nomi¬ New York
Norfolk
4.748
19,530
4,748
9,627
nally at 5}<35}c. for western long clear. Gutmeats are also lower. Other
6.667
894
portat
1,676 51,000 48,000
7,561
Beef remains quiet, but beef hams have a fair sale,
fallow has
46,534 9,241 45,216
103,994
40,601 771,849 859,067
been in fair demand and firm, at 7 9-16@7|c. Butter and cheese Total this week..
Total
since
have favored buyers under large receipts.
8ept. 1 1,424,082 405,815 493,761 2,322,653 !2,*259,591
The tobacco market has been excessively dnll, the sales for the
slegr
I: For Liverpool, 13,953 hales; for other foretm,
week aggregating only 150 hhds.,of which 50 hhds were for con¬
no bales;
which, ifdeducted from the ttoer,
and
100
for
export.
Prices
nominally
unchanged
;
sumption
are
t The exports thta^reek under the head of “other oorts** Include, from Balti¬
125 bales to Liverpool and 844 bales to Continent; from Philadelphia, 440
lugs 8@4}C., and leaf 5@llc. These are said to be the lowest more,
pales to Liverpool; f<om Wilmington, 1,530 hales to the Channel; from Port
Boya\ 4,552 bales to Liverpool.
figures current since 1847. Seed leaf tobacco has been in mode¬
From the foregoing statement it will be seen that, compared
rate request, the sales for the week amounting to 965 cases, as
with the corresponding week of last season, there is an inoraut
follows: 360 cases, 1876 crop, New England, 9c. to 20c.; 300
In the exports this week of 60,390 bales, while the stocks
to-night
oases, 1876 crop, Pennsylvania, 10c. to 30c ; 100 cases, 1875-’6 are
£7,448 bales less than they were at this time a year ago.
Crops, Ohio, 4c. to 7}c.f and p. t., and 175 cases sundries, 5c. to 18c. The following is our usual table showing the movement of cotton
Spanish tobacco has also sold fairly, the transactions being 600 at all the ports from Sept. 1 to Mar. 1, the latest mail dates:
bales Havana at 85c.<3$1 10, and 86 bales Tara on private terms.
BXCKIFTB
■XPOBTKD SING* 85PT 1 TO—
CoastThere has been rather a quiet market for Rio. coffee, and late
SINCE
8KPT.
1.
PORTS.
wise
Stock
Other
Great
3lnes are retained; fair to prime cargoes quoted at 16$l7}c.,
France
Total. Ports.
forePn
Britain
1877.
1876.
The
•
•
•
•
....
•
•90
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
,
•
•
•
•
•
•
•
•
•
•
•
•
••0.
•
Ue
.
^iild; stock, in first hands, on the 6th instant, 77,256 bags. Mild
grades have been rather quiet, but unchanged. Rice and molasses
have sold in a steady, moderate way at previous prices. Refined
Sugars have been more active and steadier; standard crushed
quoted at 9}@10c. Raw sugars have been firm and fairly active;
uir to good refining Cuba, 7}@7$c.
iriH ocean freights a very fair business has been effected ; as a
N. Orleans. 1,162,160 1,031,749 482,673 243,563 132,785 914,091 154.531 854,167
339,62 j 314.959 76,996 18,983( 17,9c8 113,947 188,809 58,310
Mobile
Charleston* 412,8X3 413,291 100.191 61,5311 78,075 239,81? 103,248 41,953
Savannah.. 514,913 441,507 128,754 34,794 109,212 253,799 195,078 66,996
Galveston*. 386,983 473,389 121,298 25,574 9,0X1 163,893 161,042 65,888
New York..
8f,311 112,502 196,311 4,251 26,879 237,341
153,482
•
Florida.....
12,303
19,282
115,765
.
....
•••
12,208
1,730 18,397 49,693 66,653
1,073 3,919 129,570 274.135
11,239 125,612
•
•
.
....
•
« •
•
rule, rates have remained steady, though in one or two instances N. Carolina 123,619
29,518
7,639
irregularity was noticeable. Engagements of grain to Norfolk*.. 417,2X7 494,359 119,565
21,180
Jjiysipool, by steam, at 7}@8d.; cotton, at J@5-16i.; provisions, Other ports 109,116 107,183 114,343
42,000
at 35».<342s. 6d.; grain, by sail, at 7d.; cotton, }@9-32d.; grain to
1377,54? 896,571 447,543 2221,664 1163/714 814,89^
fcndon, by steam, ?}d.; do. by sail* 7}d.; flour, 2s. ld.@2s. 3d.; grain Tot. this yr. 3,579,034
to Bristol, by steam, 8@8}d.; do. to Glasgow, by steam, 9d.; flour,
Tot. last vt.
3,573,007 1601,976 332,6951234,316 2218,987 t096,739 872,084
by sail, 2s. 6d.; refined petroleum, per charter, to London, 3s. 3 J.
Under cue neaaot charleston is incluaea rori ttoyai, «c.; under the head of
per bbl.; do. to Liverpool, 3s. 6d,; crude do. to a French port, Qilvsstoni* included Indlauoia, Ac.; under the head of Nor/oik ts Included City
4&3<L; refined do., in cases, to Java, 35@35}@35}c., gold ; grain Point Ac.
to/Cork, for orders, 5s. 6d.; do. to French ports, 5s. 6d.; do. to
These mail returns do not correspond precisely with the total of
Naples, 5s. 7}d.; do. to East Coast of Ireland, 5s. l}d. per qr.; the telegraphic figures, because in preparing them it is always
fiaphtha to Morgan Pill, 4s.
necessary to incorporate every correction made at the ports.
The market for cotton on the spot ha* been more active at
£ Naval stores have been very quiet, and the general appearance
$f the Markets is more or less discouraging. Spirits turpentine advancing prices during the past week. i The demand has Been
Quoted at 3l}c., and common to good strained rosin at $1 57}9 mainly for export. Little has been done for home consumption.
$1 62}. r Petroleum has shown some decline, but the new figures A telegram from Fall River says the managers of mills employed
Sttaraiated avTigbtly improved movement; crude, in bulk, 7}c.; on printing cloths at that point have agreed to stop two weeks
wined, in bbls., 12c. for prompt delivery. Ingot copper about- n March and two weeks in April, and advices from Providence
sales, .105,000 lbs. Lake at 17}@17}c. Steel rails remain lay that an effort is in progress to nave the print mills in Rhode
;att$4‘l, currency; sales, 10,090 tons on private terms, aland put on short time. Quotations were advanced 116c. oil
'seed has sold at 7f@Sc. for choice State. Whiskey is Saturday and again bn Monday, to lie. for middling uplands.
M $f 06/
To-day, the market was quiet and prices nominally n?cba»ged*:
some
•
•
.»••*•••
*
”
•••
••••
•
•
•
...
THE CHRONICLE.
244
For
For June.
cts.
bales.
300.... .......11*09
11*11
700....
600.... .......11*12
100....
delivery, there has been a steady improvement
future
on,opening
foing
subject,washowever,
leactions
; nearly every
higher to
ay the
thanfrequent
the close.
The announcement
the
in
morning parers of
of peace between Russia
caused
an
Monday that preliminaries to a treaty
100
900....
300
and Turkey had been definitely signed
important advance but a reaction soon set in on
[Vol. XXVI
bales.
400
8?,<uu total June.
For
200
500
20J
500
500
100
...
11*15
11*17
...
11*18
500....
500....
bales.
200
For August.
Cts.
bales.
11*27
800,...
11*31
100...
709....
500....
...11*33
cts.
.11*34
.11*33
soo.:
July.
1.200....
11*35
11*3 *
600...
'.00....
.11*27
11*23
.11*29
.11*30
.11*32
1,700....
.
«••••»
•:-.r
.ll*»
...
.11*25
cts*
n-20
ell-8 1
»0
h-24
|W..
840
u-25
11*26
200
100
100.
U23
11*29
11-30
excessive receip s at the ports, although it was
600....
2,uuu total Sept.
200....
11*20
2,50J....
For October.
explained that these were due to the arrival of an unusual num¬ 2.100,...
11*40
11*21
1,100....
1.800
l'JOHU*
.11*33
11*41
ber of steamboats, bringing people to join in the festivities of
11*22
1.900....
1,700
1,600....
100
....11*04
11*23
.11*31
i00«
11*42
2.400....
Mardi-Qris, on Tuesday. But the fa:t that the receipts to Mon¬ 2,4<0....
ll*S5
1,300
11*05
11*43
11*24
700....
400..
70J....
500
11*07
11*25
ICO...
1,400
1,7 JO....
day night were but little smaller than for the whole of the cor
400
11*08
11*45
11-26
800
.11*37
2.6,0....
responding week last year, had its effect, in spite of explanations. 8,600....
.11*33
800....
11*27
2 JO
2.900
2,4uU total Oct.
11*47
11*23
400....
4 800....
1300
There was some renewal of the speculative manipulation of
For November.
11*43
11*23
800
100....
4,400....
W0
March contracts, as noted ia our last; contracts for March were
10*92
400
il*3Q
2,200...
16,7UU total Aug.
800
10*95
100
.11*43
forced up to within oze point of April, whereas they were 13
1.000....
2.20C
10-95
For September.
11*32
uoo...
points lower two weeks before. This was an element of strength 1,100...
200
11*19
2,8ju total Nov.
11,600 total July.
|
to all the early months, but the next crop was entirely neglected.
The following exchanges have been made during the W3ek :
At the close last everiog, the spring months had advanced 18 to
•30 rd. to exch. 1,C0) April for July.
I •07 pd. to exch. 1(0 May for Sept.
26 points from last Friday, and the summer months and Sep¬
*08 pd. to t xch. HO June for July.
•iu pd. to exch. 300 April for May.
tember 16 to 17 points; but the other autumn mo i hs and Decem¬
*13 pd. to exch 2.0 Ju e for Aug.
IMf
<00March
for April, even.
*17 pd. to exch. 100 April for June.
200 March for April, even.
ber prere only 7 to 13 points higher. To-day, there was a slight
The
following will show the closing prices bid for future de¬
decline, in sympathy with some depression at Liverpool.
The total sales for forward delivery for the week are 235,500 livery, and the tone of the market, at three o'clock P. M. on the
bales, including — free on board. For immediate delivery the total several dates named:
MIDDLING UPLANDS—AMERICAN OLAMIWOATIOH.
sales foot up this week 8,083 bales, including 3,632 for export,
Thurs.
Frl.
Wed.
Sat.
Mon.
Tues.
Fri.
3,831 for consumption, 120 for speculation, and 500 i% transit.
Market— V ariab’e. Higher. Higher. Higher. Variable. Fiimer. Depressed.
11*03
Of the above, l,3«5l bales were to arrive. The following tables March
11*14
11*10
il 0i
10*83
io*y;
11*02
11*69
11*14
11*11
11*02
10*-l
U‘*96
11.07
show the official quotations and sales for each day of the past April.
11*21
11*17
11-19
11*16
11*12
11*03
11 06
account of the
itltMt**
......
...
—
.0172.4
-
May.
week:
J une.
TEXAS.
N. ORLEANS.
ALABAMA.
UPLANDS.
September.....
Sat. Mon.
October
November
December
Transf. orders.
ClosedGold
Sxchange
Sat. Mon. Sat. Mon.
Mar. 2. Mar. 4. Mar. 2. Mar. 4. Mar. 2. Mar. 4. Mar. 2. Mar. 4.
Sat. Mon.
Ordinary
..f> lb.
Strict Ordinary
Good Ordinary
Strict Good Ord’ry.
..
Low Middling
Strict Low Mlddrg
Middling
Good Middling
Strict GoodMlddl'g
Middling Fair
Fair
.
8 1—16
8 IS—16
8 3-16
8 15-16
8 1-16
8 13-16
8*
9
9 7-16
9*
9 5-16
9 15-16 10
9*
10
7-16
lt>*
10 5-16
10*
10 13-16
10 11-16 10*
10 11-16
U>*
11 1-16 11*
10 15-16 11
10 15-14 U
11 7-16 It*
11 5-16 11*
11 E-16 11*
!) 13-16
11 11-16 11*
11 U-16
12
8-15
12 5-16
12*
12 8-16
12 18-16
12
11-16
12*
12
11-16
12*
IS*
8*
PU 10^5-16
log
9^8-16
i$
as
8 3-16
8 15-16
8*
9
9 7-16
9*
9 15-16 10
10 7-16
10*
10 13-16
10*
11 1-16 11*
11 7-15 11*
11 13-16
il*
12 5-16
12*
12 13-16
12*
Tues Wed. Tnes
Tues Wed. Tnes Wed.
Mar. 5. Mir. 6. Mar. 5.
Mar. 5. Mar. 6. Mar. 5. M&.:. 6.
8*
V lb. 8*
8*
Strict Ordinary
8*
9 5-16
9 5-16
Good Ordinary
9*
Strict Good Ord’ry. 9*
10 5-16 10 5-16
Low Middling
10
11-16
10
11-16
Strict Low Mlddrg
Ordinary
,
11
11
Middling
Good Middling
U*
U*
Strict Good Middl’g LI 11-16 11 11-16
12 8-16 12 8-16
Middling Fair
L2 11-16 12 11-16
Fair
8*
8*
8*
8*
8/4
s*
..
8H
Middling....
Middling Fair
Fair
9 7-16
10
10 7-16
10 13-16
11*
il*
U*
!1*
11 11-16 11 11-11 11 13-16 11 13-16 11 13-16
:2 8-16 !2 3-16 12 5-16 12 5-16 12 5-16
12 13-16 12 IS—10 12 13-16
12 11-16
11 13-16
’2 5-16
FrI.
Th.
FrI.
Th.
Frt.
9
11*
11*
8*
9
9 5-16
9 3-16
y 7-: 6
9
9 7-16
8
8
9
10
8*
8*
8*
Th.
8 8-16
3-16
3
15-16 8 15-16 8
9
9 7-15
7-16
l-’6 10 1-16 10
FrI.
Con- Specsump. ulat’n
Ex¬
port.
388,250
3:9,750
516,500
303,53 0
1 ,061,500
1,340,000
1,423,750
1,151,500
163,000
134,000
591,000
46,030
734,425
124,135
29,000
327,000
5,000
23,250
8,500
35,750
Total continental ports
Total European stocks........
154,000
American cotton afloat for Europe 583,000
Egypt, Brazil, Ac.,afloatfor E’rope 41,COO
771,649
112,101
9,009
United States exports to-day
•,
19,000
45,030
46,OCO
15,750
13,250
14,259
632,000
40,000
859,097
99,795
2,000
•
818,000
102,750
9,250
75,250
11,500
31,750
.42,500
11,000
6,500
18,000
603,000
71,000
731,824
103,857
10,000
,
FUTURES.,
•••••••••••••••a****
400
637
<939
371
1,33?
1,118
47S
481
437
20
10J
8.831
120
116
350
792
8,632
*
Tran¬
Total.
sit.
500
...
•
•
•
•*
•
•
•
500
Sales.
Deliv¬
eries
1,839
41.800
1,003
2,435
1,200
47,1)1 ;0
l.K)4
41.600
31.600
700
600
900
1,000
srs
86.800
tfi®
30,700
8,033
235,500
3/00,101
3,052,310
3,140,892
other descriptions are as follows:
900
-
5,300
627,000
286,000
632,000
859,097
99,795
2,000
456,000
290,000
591,000
724,425
124,135
29,000
424,000
.2,321,750
hales.2,321,750
Brazil. Ac.—
159,000
159,000
Liverpool stock
London stock
....' 10,250
48.250
Continental stocks
154,000
India afloat for Europe
41,000
Egypt,Brasil,Ac.,afloat... .
2,505,892
2,254,560
2,003,691
363,000
58,250
810,000
114,000
174,500
827,000
71,000
412,500
635,000
Liverpool stock
504,000
Continental stocks
340,000
340,000
American afloat to Europe
United 8tates stock
585,000
585,COO
,
7 71,649
.
United States interior stocks
United States expoits to-day
112,101
9,000
,
Total American
ICO
700
U-16
11*17
ltt.iuu total March.
Cl.
IPCT
11*08
11*09
11*10
11*11
11*12
11*18
.
For April.
SCO
10*81
100
10*81
1,1(0
IC‘37
1.910....
I,2t0...
11*14
2.900....
1/00....
...
.
...
..
bales.
600.
300.
2.700.
2.110.
cts.
1 * 6
11*07
310,000
33,250
83,750
168,000
40,000
'
-
,
Total East India, Ac.
11*' 8
•»
.......11*09
1.300.
129,000
603,000
734,884
108,857
10,000
Hast Indian,
,
lnl?s.
SJKW
5,500
2.800.
1.800
2 5.D...
600
11*15
10C8
200
10*98
11*16
..0
7
COO 0
10*99
1,200 .1
10-sH)
800 .1
;0*9l
.....11*17
..0
6
too 0
11*00
i.800
11*18
100
It
*92
»o
ii*oe
1.000
1 *96
500
11*08
65,lI>j total April.
50*^7
5,100
11*04
800
For May.
100 S.n. Jth .11*05
10*98
100
16*97
'.(,**&
1.(00
B.W- .
U*05
1,*83
cco
,.:i* u
200 *
11*06
1101
*.00
1/00
10*99
1,400
11*07
400
11*10
11*02
1J500
11*10
l'Wi
11*01
100...,
1.600
.11*03
11*12
200...
..11*02
11*11
280
5,000
11*01
500
11*03
,...11*05
-585* **••*•• •••i»*i4 2,700
400
11*03
11*06
800....,.,... .11*15
907,250
225,500
4,750
93,000
38,750
10,500
6,500
5,500
9:0,250
151,750
3,500
58,000
13,000
43,000
64,000
10,000
6,750
11,750
673,250
256,500
.
American—
Quiet, steady
10*97
114,000
Stock at Antwerp
Stock at other continental ports..
sales and prices:
2.(00
53,250
663,000
Stock at Rotterdam
Fot forward delivery, the sales (including
free on board)
have reached during the woek 235,500 bales (all middling or on
the basis of middling), and the following is a statement of the
St)
1875.
714,000
Of the above, the totals of American and
SALES OF SPOT AND TRANSIT.
.
500
lg\*
4*82
4*82
4*84
1876.
Stock at Amsterdam
8.
3-16
15-16
7-16
1-16
Steady.
101*
101*
819,000
Stock at Hamburg
Stock at Bremen
Frl.
3-16
8
15-16 8
7-16
9
1-15 10
11*15
Steady.
1877.
India cotton afloat for Europe....
S-!6
8
15-16 8
9
7-16
1-15 10
11*24
10*05
1C*91
10*92
11*10
937,000
33.250
1878.
Stock at Marseilles
I*
Th.
11*27
11*35
11*41
11*31
11*89
11*44
11*27
11*08
10*95
10*96
11*30
11*36
11*42
11*26
11*07
10*95
10*96
11*10
Weak.
follows.
Stock at Havre
MARKET AND SALES.
Steady, higher....
Steady, higher....
Steady, uncb.quo.
Firm, unch. quo..
Thursday.. Firm, unch. quo..
cts.
St ady.
HI*
4*84*
1,734,250
Saturday..
Monday...
Tuesday
Wednesday
10*38
1L*84
10*85
10*88
11*95
10*93
as
Total Great Britain stock
12 13-16
8*
Sat. Mon. Tnes Wed.
Closed.
100
100
4*8;
11*23
11*05
10*91
10* 9 i
11*10
10,250
"
Mar. 2. M*r. 4. Mar. 5. Mar. 6. Mar. 7. Mar
Bpot Market
bales.
4*82
..
11*4 J
101*
4*82*
Stock at Liverpool.
STAINED.
Middling.'
Total
8*
8,*
8*
8*
8*
8*
814
9 5-16
9*
10 5-16
Good Ordinary
Btrlct Good Ordinary
Low Middling
Friday
101*
11*31
:
by cable and
Tire 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
omplete figures for to-night (March 8). we add the item of exports
from the United States, including in it the exports of Friday
9
9 7-16
9 7-16
10
0
10
10
9*
9*
10 5-16 10 5-16 10 7-16 10 7-16 10 7-16 10 7-16
10 5-16
10 11-16 !0 11-16 10 11-16 10 U-1S 10 13-16 10 13-16 10 13-16 10 13-16
11
11*
11
11
11*
It*
11
11*
11*
11*
11*
11*
• ’-<*
11*
11*
U*
11
13-16
13-16
i:
l
S-16
11-16
11
;i 18-16
11-16
1)
11
11-16
11
11 11-16
12 8-16 12 3-16 12 3-16 12 8-16 12 5-16 12 5-16 12 5-16 S2 5-16
12 11-16 12 11-16 12 11-16 12 11-16 12 13-16 12 13-16 12 13-16 13 13-16
8*
Strict Ordinary
9 5-16
Good Ordinary
Strict Good Ord’ry. 9%
Good Middling
Strict Good Mlddrg
1JI*
,
Stock at Barcelona
Th.
Low Middling
Strict Low Middl’g
Firm.
10 *95
lt*83
10* H0
11*0J
Dull.
only:
9
9
9
9 7-16
9 7-16
9 7-16
9 5-16
9 1-16
1010
10
9*
10 5-16 10 3-16 10 7-16 10 7-16 10 7-16
10 11-16 10 11-16 10 13-16 10 13-15 10 13-16
11
11
11*
U*
H*
11*
11*11
11*11
10-15
10* S7
10*89
1»*90
11*27
11*<3
11*29
11*34
11*19
11 *U2
10*92
10*93
ll*(5
Dull.
11*16
11*23
11*28
The Visible Supply of Cotton, as made up
8*
8*
...
telegraph, is
Mai*. 7. Mar. 8. Mar. 7. Mar. 8. Mar. 7. Mar. 8. Mar. 7. Mar. 8.
Ordinary......lb.
i*.*r>
11*23
li**3
•
Juiy
August
'
226,500
134,000
46,000
827,760
996,500
2,505,892
2,254,560
2,003,691
3,140,892
3,032,310
3, COO, 191
6 9-16d.
6«d.
7#d.
ll* 0
.*.11*11
1,200.
.1 .* 12
5.500.
1L* 8
2,70*».
11*14
2/01.
5,2(0. ..... ....11*15
.11*16
8.400.
Si* 17
8.50)
li-19
10,000.
11*19
1.400.
3.600. ..........11*20
11*21
5.600.
11*22
6,3 0
.2,734,250
•••»••••.
Price Mid. Uplands. Liverpool...
-
;
,,
.........
4.(00
2.500.
1.600.
800.
11*28
11*21
11*25
11*30
80,700 total May.
These figures
indicate a decrease in the cotton in sight to-night
406,642 bales ■ as compared with the same date of 1877, a
decrease of 348,060 bales as compared with the corresponding
date of 1876, and a decrease of 265,9il bales as compared
of
with 1875.
\
the movement—that is the receipts
for the week, and stock to-nigLt, and for the
corresponding week of 1877—is set out in detail in the following ■M
At the Interior Ports
and shipments
statement.
March 9,
THE CHRONICLE
1878.]
Week ending Mar. 8, 1818.
Receipts.
Augusta, Ga
Columbus, Ga
]f AC0&I Gft*
Montgomery, Ala..
1,195
8.491
492
863
630
949
2,082
• •
Week ending
Mar. 9, 1877
Shipments. Stock. Receipts. Shipments. Stock.
8i5
13,3:8
15,312
5,327
12,330
11,671
2,273
12,573
9,183
330
296
293
265
121
435
922
536
5/52
678
4,537
1,031
57,293
7,568
99,795
4,912
4,946
3,320
Memphis, Tenn....
Nashville, Tenn...
8,655
1,636
1,522
10,882
956
1.58S
57,827
4,494
Total, old porta.
13,790
22,201
112,101
8,575
9,855
890
459
502
864
380
410
1,400
1,771
8,525
8,682
360
12!
32
2,000
1,793
2,662
2,050
6.900
8,562
1,432
2,011
3,860
6,744
4,927
2,918
3,154
181
268
8S4
1,268
2,035
66
150
37
297
199
615
410
S3
429
394
302
Selma, Ala
Dallas, Texas
Jefferson, Tex
Shreveport,La
Vicksburg, Miss.
..
Colambu9, Miss...
Bafaula, Ala
Griffin, Ga..
Atlanta, Ga
Borne, Ga
Charlotte, N.C
St. Louis, Mo.
919
3,433
2245
3,936
4,000
2,008
2,110
183
476
582
798
1,256
6,151
7,031
1.339
10,833
2,372
1,225
9,167
6,918
34,130
7,336
3,935
4,211
5,851
-1,187
32,724
11,898
Total, new ports
27,933
86,549
80.361
15,336
17,913
69,496
Total, all
41,773
58,750
192,465
23,911
27,798 169,291
Cincinnati, O,
••••••
3,4*6
2,822
1,025
The Above totals show that the old interior stocks have
deceased daring the week 8,411 bales, and are
to-night 12,806
bales more than at the same period last year.
The receipts at the
same towns have been 5,215 bales more than the same week last
215
Vicksburg, Mississippi.—The thermometer has ranged from
during the week, averaging 60. It has rained on two
days, the rainfall reaching two hundredths of an inch.
Columbus, Mississippi.—The rainfall daring the week has bsea
eighty-five hundredths of an inch.
Little Rock, Arkansas.—We had a light rain last Friday,
to a
depth of twenty-four hundredths of an inch. Otherwise the
weather has been pleasant,
excepting the usual March winds.
The thermometer has ranged from 78 to 36,
averaging 58.
Mashville, Tennessee.—It has rained on two days of the week,
with a rainfall of one and twenty hundredths inches. The
thermom ter has averaged 50, the
highest being 61 and the low¬
est
43 to 75
40.
Memphis, Tennessee.—It has rained on two days, but the balance
of the week has been
pleasant. The roads are good and plow¬
ing is progressing vigorously.
Mobile, Alabama.—It has been showery one day and cloudy two
days, but the weather the balance of the week has been pleasant.
The thermometer averaged 59, the
highest being 76 and the
lowest 42.
The rainfall during the week has been seven hun¬
dredths of an inch, and during tbe month three and
forty hun¬
dredths inches.
Montgomery, Alabama.—We had rain on two days the earlier
part of the week, the rainfall reaching thirty-one hundredths
of, an inch ; but the latter portion has been clear and pleasant.
Planting is making good
progress. Average thermometer 577*
highest 75 and lowest 37.
Selma, Alabama.—It has rained on one day this week and is
year.
now
cloudy.
Receipts from the Plantations.
Madison, Florida.—We have had rain on one day of the week,
During the earlier
months of the year the weekly receipts at the outports and the the rainfall reaching twenty-two hundredths of an inch. Th
thermometer has averaged 45, the extremes
having been 70 and
increase in the interior stocks represent the arrivals from the
40.
We have had a frost this week, but not a
killing frost.
plantations; later the outports are supplied partly from the
Macon, Georgia.—Telegram not received.
interior stocks. A record of the comparative plantation move¬
Atlanta, Georgia.—Telegram not received.
Columbus, Georgia.—We have had no rainfall this week. The
ment can, of course, always he made up from the figures we
thermometer has averaged 55.
have given, but as that movement is of special use, for various
Savannah, Georgia.—It lias rained on one day of the week,
reasons, now, we have compiled the following statement of it.
but the remaining six days have been
pleasant. Tbe rainfall
>We begin the record with the last week in January, as at about has been five hundredths of an inch. *The thermometer has
that point the drain on the interior stocks generally becomes averaged 58, the highest being 75 and the lowest 38.
Augusta, Georgia.—We had a light rain on one day the earlier
constant.
part of the week, with a rainfall of five hundredths of an
RECEIPTS PROM PLANTATIONS.
inch,
but during the latter portiou the week has been clear and
pleas¬
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns ant. The thermometer has averaged 55, the highest being 73
Week
and the
—
lowest 33.
ending—
Feb.
2... 1
"
1876.
1677.
1878.
1876.
1877.
1878.
1876.
1877.
1878.
1,379 136,374 159,166 210,662 182,240 244,494 136,816 125,532 161,667
137,032 133,352
116.431 112,485
86,561 •01,252
68,315 78,699
46,855 7 2,477
9... 118,582 110,006 137,138 210.858 179,266 240,703 118,77c
“
16... 110,576 120,720 120,093 202/4! 174,97* 233,103 102,165
u
23.. 109,676 88,068 107,670 198,563 173,478 226,635 105,792
March 2
86,215 68,615 94,349 195,596 173.178 210,935 83.248
“
9.... 78,380 50,742 90,947 194,465 163,291 192,465 77,249
;
.
...
Total.... 631,808 603,525 709,330
The interior stocks January 25
195,083 bales; for 1878, 242,013 bales.
624,108 580,734 669,832
were,
for 1876, 235,165 bales; for lS'IT,
This statement shows that the receipts at the outports the last
three weeks have been (to a larger extent than for either of the
previous years) at the expense of the interior stocks, and that,
therefore, during those weeks the arrivals from the plantations
have been less than in 1876, although the
receipts at the ports
were considerably
larger.
-
Weather Reports
■
by
Telegraph.—The weather the past
week has, in most portions of the South, been warm with
light
showers.
Farm work is everywhere making
rapid progress
Galveston, Texas.—We have had a sprinkle on one day of this
week, the rainfall reaching eight hundredths of an inch. Cotton
planting has been begun in the low country, but many planters
are
waiting for fear of frost. Average thermometer 63, highest
72 and lowest 52.
V lndianola, Texas.—It ha3 rained on one
rainfall reaching seventeen hundredths of
day,
an
a
shower, the
inch.
Corn
is
*
Charleston, South Carolina.—It has been showery one day of
the week, the rainfall
reaching nineteen hundredths of an inch.
The thermometer baa ranged from 41 to 71,
averaging 56.
Capabilities
of the
Present Cotton Acreage.—Much dis¬
cussion has arisen with
regard to the capabilities of the land at
In our " Cotton from Seed to Loom,**
we have
investigated the acreage question pretty thoroughly
and, among other things, given the limits of production on the'
basis of previous years; that is to say,
knowing approximately
what the planting and production have been for
past years in
every State, we can easily fix upon the largest and smallest
yield
per acre in <acli State during those years, and therefrom deter¬
mine the productive limits of
any given acreage. We have not
the space here to reproduce these
details; nor is it necessary, for
they may all be found in our Cotton Book. It is sufficient to say
that we have there divided up the
eight years between 1869 to
1877 into two periods of four years each,
selecting the worst and
the best yield of each State in each
period, and have thus worked
out the most and the least which the
present year’s planting
could produce, provided every condition had been as
favorable
present planted in cotton.
in each State
as
the best in that State
worst for those years.
or
as
These compilations
unfavorable
as
the
follows, the
representing the largest crop the land this year
planted would, under the conditions mentioned, yield* —
are as
first table
generally planted and cotton planting is beginning. The ground
POSSIBLE CROP WITH PRESENT ACREAGE ON THE
is in excellent condition.
The thermometer has ranged from 54
BASIS OP
i to 77, averaging 65.
Best yield from 1873 to 1877. Best
yield from 1869 to '78.
Corsicana, Texas.—There has been rain here on one day (a
shower), to a depth of twenty-five hundredths of an inch. The
Possible
Possible
thermometer has averaged 41, the highest being 61 and the low¬
1877-78.
1877-78.
States.
crop, if all
est 34.
Farmers are planting corn.
crop, if all
Actual
conditions
Actual
conditions
Dallas, Texas.—We have had one shower during the week.
are favor¬
Acreage.
Corn planting is
are favor¬
Acreage.
progressing and preparations are being made for
per to able.
| cotton planting. Small grains continue promising. The influx
per to able.
5 of immigration is likely to result in increased acreage of all
Lbs.
Bales.
Lbs.
Bales/5
crops. Average thermometer 62, highest 80 and lowest 40. The
No.Carolina.
577,220 203
266,308
223
# rainfall is
577,220
292,546
twenty hundredths of an inch.
So. Carolina.
893,760 183
371,723
893,760 170
345,316
Brenham, Texas.—It has rained on one day this week, a shower,
Georgia
1,612,620 133
487,450
1,612,620 152
? 4he rainfall reaching seventy
557,087
hundredths of an inch. Farm work Florida
220,500 165
82,688
is being prosecuted vigorously. The
220,500 173
86,696
spring is very early, but Alabama..
143
1,981,350
643,939
180
1,981,350
810,552
% engenders fears, of a late frost. The thermometer has ranged
Mississippi
1,995,760 156
ft"- from 55 to 77, averaging 68.
707,588
1,995,760 172
780,161
Louisiana...
1,285,250 229
668,914
’’.i- New Orleans, Louisiana.—Telegram not received.
1,285,250 240
701,045
r%:
1,444,300 246
807,495
1,444,300 231
758,258
Shreveport, Louisiana.—The weather during the we k has Texas
1,089,000 260
643,500
1,089,000 260
643,500
||^been all that could be desire 1,although a storm is expected food. Arkansas...
725,200 202
332,933
351.063
725,200 213
^ preparations *or planting are progressing finely, and corn plant- Tennessee
nearly completed, early plantings having already co »>Total..., 11,824,960 186 5,012,538 11,824,960 198 5,326,224
^/laenced to come up. The season is termed fully average. The
I'thermometer has ranged from 75 to 45, averaging 60. We have
,The other contingency mentioned may be
illustrated by the
a rainfall of
thirty-two hundredths of an inch.
following statement, which may be called the worst crop that*
J
v
-
product’n18ac7r3e,187.
*
.
'
Best
product’n 16a8c9re,1872.
Best
1
.
.
..
..
-
*
’
•*; A#" |
VOU XXVI
246
circamataoces of weather
past experience, the land now planted
under BDy
POSSIBLE CROP WITH
Poorest
PRESENT ACREAGE ON THE BASIS OF
yield from ’73 to’.’77. Poorest yield from ’69 to ’73.
Possible
Possible
1877-78.
States.
Actual
Acreage.
NaCarolina.
.
Be. Carolina.
Georgia
Florida
Alabama...
Mississippi..
Louisiana...
Texas
Arkansas...
Tennessee..
577,220
893,760
1,612,620
220,500
1,981,350
1,995,760
1,285,250
1,444,300
1,089,000
725,200
Total.... 11,824,960
pr’duc- acre,187.
1
Actual
conditions
Po r’st tipoenr 1t8o73
1
1877-78.
if all
crop,
are
Acreage.
unfav¬
orable.
|
100
213,834
300,628
399,490
54,624
571,890
585,121
581,283
656,500
457,875
164,818
148
3,986,063
148
109
109
127
129
199
200
185
pr’duc- acre,1872.
Po r’st tipoenr t18o69
crop,
if all
conditions
are
unfav¬
orable.
Lbs.
171
Bales.
136
276,253
1,612,620
101
220,500
122
1,981,350
1,995,760
151
1,285,250
1,444,300
1,089,000
725,200
181
140
370,170
61,139
679,964
607,800
528,705
459,550
159
393,523
171
281,839
11,824,960
144
3,883^272
Bales.
Lbs.
163
13768.
This statement shows that
considered posrible from
to-night are now 67,180 bales
will produce.
577,220
893,760
224,329
134
the receipts since Sept. 1 up to
than they were to the same
day of the month In 1877, and 118,129 bales more than they
were to the same day of the month in 1876.* We add to the last
table the percentages of total part receipts which had been
more
received March 8 in each of the years named.
Bombay Shipments—According to our cable
despatch received
today,there have been 17,000 bales shipped from
Bombay to Great
Britain the past week, and 23,000 bales to the Continent; while
the receipts at Bombay daring this week have been
bales:
The movement since the 1st of January is as follows. These are
the figures of W. Nicol & Co., of Bombay, and are brought
40,000
March 7:
down to Thursday,
Receipts.
r-Shipm'ta this week—, ✓—Shipments since Jan. 1.Total.
Britain.
Con¬
tinent
33,000
Great
CouBritain. tinent.
Great
This
fcince
Total.
week.
Jan. 1.
40,230
283, COO
31,000
33,000
S?4,000
17,000
22,030
71,003
120.000
7.(00
0,003
1:3,000
90,000
75,000
101.033
165,000
1?,C0J
5,040
2:2,003
8i,0uQ
63,000
147,000
216,000
From the foregoing it would appear that, compared with l&tt
there has been an increase of 26,000 bales in the week's ship¬
ments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 26,000 baler,
year,
compared witn the corresponding period of 1877.
plainly that a p anting equal to the last
Gunny Bags, Bagging, &c.—Bagging is ruling lather quiet,
could produce over five million bales of cotton and could not and we have no sales of lots to report. The trade is only
for
produce less than about three million nine hundred thousand jobbing wants, and but little inquiry is to be noted for parcels.
bales. This is very interesting, because it at once puts a limit The market is ruling steady in tone, with holders quoting 9f@
10c. for lig t weight, and 10$c. for standard quali y. Butts have
to the guesses which are so frequently flying about the market
been very active, large lots being taken, and the sales have
through the summer and early autumn of every year. We are reached nearly 20,000 bales, about 7,000 being taken on pot at
sorry that we cannot make room for all the details by which 2|c., and the balance to arrive at 2 13-16<S2£c.; gold.
The mar¬
ket closes very firm, with holders' quoting the above figures.
these results are reached.
Comparative Port Receipts and Daily Crop Movement.—
The Exports op Cotton from New York this week show an
A comparison of the port movement by weeks is not accurate, increase, as compared with last week, the total reaching 19,150
bales, against 8,742 bales last week, * Below we give our usual
ms the weeks in different years do not end ou the same day of the
table showing the exports of cotton from New York, and their
We have consequently added to our other standing
month.
direction, for each of the last four weeks; also the total exports
tables a daily aud monthly statement, that the reader may con¬ and direction since Sept. 1, 1877; and in the last column the total
stantly have before him the data for seeing the exact relative for the same period of the previous year:
movement for the years named.
First we give the receipts at Exports of Cottoa(bales) front New York aloe© Sent.1,187T
teach port each day of the week ending to-night.
Same
WE EX KUDIN#
Here
we
see very
-
-
-
Mo¬
Or¬
Days of
leans
week.
bile.
Char¬ Savan¬
leston
nah.
a
ves-
ton.
Nor¬
ming¬
All
folk.
ton.
others
Total.
Mar.
6.
to
period
prev’w
date.
year.
15,513
210.144
■XFOBTXD TO
Wil¬
Gal-
New
Total
2, ’78, TO FRIDAY, MARCH 8, ’78.
PORT RECEIPTS FROM SATURDAY, MARCH
Liverpool
Feb.
13.
Feb.
20.
Feb.
7,719
10,454
7.578
Other British Porta
•
•
27.
•
••
•
•
*
23’, 748
82
1,617
15,55J
211,761
241,091
371
4,£07
5,440
•
7,343
1
Saturday
1,639
00 o*
1.04*2
1.770
1,45*)
Monday
21,0 5
2,52?
1,175
l/w;
2,39
1,029
2
2,005
9,868
2,615
32,985
964
352
1,007
5
2,146
17,175
7,719
Havre
Other Trench ports........
200
200
263
*317
446
4t6
•
•
8,3.5
2,312
1,0 2
1,558
Wednesday.. 3,704
22^
714
1,5 d
492
1,643
241
1,224
9,746
Total French
Thursday.... 2,618
401
73.
993
1,526
1,531
4Z
1,051
8,873
Bremen and Hanover
Friday....... 4,004
1,453
5i9
1,688
72;
1,130
81
2,684
12,300
Other ports
1.292
11,335 ;7,820
5,264
9,421
7,325
7,*277
780
11,72*
90,947
Total to N. Bnrope.
1,609
Tuesday
....
Total
The movement each month since
follows
September 1 has been as
:
Tear
Monthly
1877.
93,491
September
578,533
622,493
October
November
900,119
689,610
472,054
December
January
February
1876.
1875.
236,863
675,260
901,392
787,769
500,630
449,686
169,077
610,316
740,116
821,177
637,067
479,801
134 376
536,963
676,295
759,036
444,052
383,324
115,255
855,323
576,103
184,744
444,003
811,668
524.975
669,430
462,552
702,168
432,633
Total, Feb. 28.. 3,561,300 3,551,635 3,457,554 2,934,061 3,043,205
Percentage «f total port
87*95
receipts Feb. 23
63*90
82 50
1872.
1873.
Bpain.OportoAGibraltar&c
79*99
74*3S
March 1 the receipts at the
ports this year were 9,645 bales more than in 1876 and 103,746
bales more than at the same time in 1875. By adding to the
above totals to March 1 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
This statement shows that up to
for the different years.
•
*•#••
•
•
»
•
115
•
....
400
\64
•
932
• • •
4,(22
5,440
400
13.124
4,454
9,648
2,226
1,586
•
•
10.132
•
13,460
27,710
881
1,164
•
371
43:
••«
•
•
•
•
•
• •
All others..
•
• •
•
•
•••
Total
•
•
• •
•
•
Spain, Ac
•
•
•
•
•
•
2,593
2^98
260
2,898
2,398
200
19,150
246.491
260.191
•
8.742
11.649
9,528
•
.#•*■••
• •• •
•• •
The following are the receipts of cotton at New York, Boston,
Philadelohiaand Baltimore for the past week, and since Sept. 1. '77:
NEW YORK.
rece’ts from
Since
This
week.
530,153
2,715,8:7
•
-
Grand Total
beginning September 1.
1874.
Hamburg
263
•
•
740
7,578
10,454
Total to Gt. Britain
2,222
124.403
610
52.194
Savannah
3,007
118,653
•
* • • •
• •
•
This
....
*614
•
•
•
•
BALTIMORE.
Since
This 8inee
This
•
12,90?
■ •
6,624
25,455
•
•
•
*184
•#•
•
9*^27
•
•
•
44,623
•
•
•
Virginia.....:
1,3*28
1,028
214
17,371
• • •
•
•
• *
•
•
•
• •
.
North’rn Ports
179
136,259
12,176
Tennessee. Ac
3,791
85,102
•
...
Total this year
•••
13,274
2,904
674,180
914
•
•
• •
873
£0,030
1,505 69,366
8,081 77,649
-
-
_
•
•
•
• •
m"
m
•
■
•
•
•
•
•
• •
•
6,073 242,945
••«
....
iji
199
13,677
864
34,241
17,814
•••
*—
....
44,023
..
250
1,569 28,027
*•'
«
•
•
8*424
5.839
1.114
3’th Carolina
S’th Carolina.
Foreign..
Since
philadeif’ia
Sept 1. week. Septl. week. Septl. week. Septl
New Orleans..
Texas
Mobile.
Florida
BOSTON.
8,340
•
•••
1,651 117,595
1,753 48,722
’
Total last year.
Shipping
11,2:6
783,265
11,698 241,944
1,103 44,597
1,719 96,344
News.—The exports of cotton from the
United
week, as per latest mail returns, have reached
156,934 bales. So far as the Southern ports are concerned, thesa
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 pleaded up to Wednesday
night of this week.
^ Total balea.
New York—To Liverpool, per steamers City of Brussels, 1,714....Erie,
?
1,186....Baltic, 1,912—Wyoming, 8,265....Batavia, 1,694....Ger¬
manic, 917
per ships Johanne, 927. ^.Alexander Mart hall, 8,773
....Hedwig, 100.......... ............. .....••«••• 15,
To Glasgow, per steamer Anchoria, 82..
:
;
States the past
Tot last of Feb.
Receipts Mar.
Receipts Mar.
Receipts Mar.
Receipts Mar.
Receipts Mar.
Receipts Mar.
Receipts Mar.
Receipts Mar.
1
2
3
4
5
6
7
8
1873-74
1872-78.
3,457,554
7,842
12,5.8
12,817
2,934,051
8,£03
10,947
14,779
3,043,205
2,715,857
9,313
10.411
10,928
S.
10,617
8,240
6,561
19,134
15,922
15,674
8,602,821
3,551,872
3,012,146
1876-77.
1875-76.
3,561,300
3,551,655
6,325
17,754
I 9,863
S.
82,985
17,175
9,746
8,873
12,300
Total Mar. 8.... 3,670,001
Per ct of total port receipts
1874-75.
1877-78.
9.782
4,567
S.
8,531
6,678
8,722
89*29
84*75
>
S.
S.
26,819
12,8(2
18,913
10,479
14,637
11,795
14,998
17,480
12,246
10,621
16,263
13,631
S.
12,209
86*18
3,13S,C80
82*50
S.
2,809,017
76*98
To Havre, per steamer Labrador, 850 and 21 Sea Island
To Bremen, per steamer Hermann, 400
To Hamburg, per steamer Lessing, 431
To Genoa, per barks Evanell, 1,400....Amalfi, 988.....
New Orleans—To Liverpool, per steamers Altmore,
„
2.C50 ...Ithuriel,
1,050 .1.Texas. 4,911 ....Cordova, 2,400 ...per ships Quorn, 4,9Q0
....Prince Lueien, 5,401....per barks David Malcomson, 4,300....
8*1
400
431
2,388
March 9,
*
THE UHRONlOLfc
1878.]
Alice Cooper, 8,284
.....
28,296
.
To Havre, per ships Zephyr, 4.5t5..*.Maicsa C. Day, 8,5l2
8,< 97
: To Rouen, per steamer
Nymphaea, 807 ..
807
..
To Bremen, per ships Lady Clarendon, 5,008.... Moltke, 8,CC8
S.014
To Antwerp, per steamer Airy, 2.700...
2,700
To Revel, per chip Mary E. Riggs. 5,<00
rerbarks Erna, 1,916....
El>se, 1,060
Aurora, 2,500
Vasco de Gama, 1,750
12,626
To Cronstadt, per ship Saranak, 3,251....per bark Bolivar, via
Revel. 1.943
5.191
To He’singfors, Russia, per bark Virgo, 1,721
1,721
To Norrkop:ng. per bark AlUon. 1,605
;
l.i>05
To Barcelona, per steamer Castella, 8.844
8,841
Mobil*—To Liverpool, per ship Northumbria, 8,177
8,177
t
To Amsterdam, per bark Alfred, 10C0
2,000
Charleston—To Havre, per baik Cecile Augur, 1,326 Upland and 175
S a Island
1,551
To Reval, Russia, per ship Matilda. 3,475 Upland
per barks Bre¬
men, 2,665 Upland
Jennie S. Barker, 3 875 Upland
10,015
To Genoa, per Dark Bja'ke, 1,751 Upland
1,751
...
,
.,
.......
.
...
...
..
...
...
..
..
Batannah—To Havre per barks Melania 3'JOUp’and and 248 Sea Island
Othere, 2,100 Upland, and 119 Sea Island
2,957
To Amsterdam, per brig Agnes, 1,130 Upland
...
To Reval, Russia, per tbips D< ris, 4,002 Upland... Earl Granville,
4.235 Upland... Peruvian Congress, 4,380 Upland
ter barks
‘
1,130
Melano, 1,558Upland....Tjilingsie 2,000Upland ...Gungner, 1.870
barks Jason, 1.616 Upland.... Roy croft, 1,9*2
Upland
1
To Gothenberg, Sweden, per hark Kragero. 1,620 Upland
To Barcelona, per steamer Vidal taia, 2,3i5 Upland....per bark
Galolre. 400 Upland
*
Texas—To Liverpool, pel barks Harmonie, l,866....Wenonah, 1,012....
per brig Eliza, 1,374
To Bremen, per bark Daphne, 1,097
Wilmington—To Cork, Falmouth or Plymouth, for orders, per brig Dr.
Lasker, 1,075
Nobyolk -To Liverpool, per ship Warsaw, 5,0 0
Baltimore—1To Liverpool, per steamer Circassian, 352....per bark
Alert, 226
Boston—To Liverpool, per steamers Liberia, 104—Hooker, 2,005
Palestine, 1,922
Philadelphia—To Liverpool, per steamer Lord Clive, 729
per ship
George Bell, 149
To Cronstadt, per
......
J
.
Total
13,023
3,538
1,620
2,725
4.2J2
1,097
1,075
5,070
578
4,031
878
153,934
The particulars of these shipments, arranged in our usual form,
are as follows:
Glas-
Liver-
pool.
New York .15,5 8
N. Orleaue.28,296
Mobile
3,in
Charleston
Savannah.*
Havre Bremen Amst’dm
and & Hamand
gow &
Reval, Barce
Cork. Rouen. Lurg. Antw’p
&c.
Iona. Genoa. Total.
32
371
831
2,398
19,150
2.7C0 19,541
72,404
8,404
8,014
3,814
•
•
....
.
Texas
Wil’mg’tn.
....
Norfolk.... 5,070
Baltimore..
578
Boston
4,011
Philadelp’a
871
Total... 61,800
•
•
•••
....
....
....
2,0C0
...
1,511
*
_
_
_
.
4,252
•
•
•
...
•
•
^
10,015
2,857
•
-
1,130
1,097
21,563
’
^
-
*
*
m
m
*
m
•
•
•
•
5,177
13,327
29,895
5,349
1,075
5,070
1,751
2,725
•
m
m m m
1,075
• •
....
•
t
•
•
•
•
....
•
•
•
573
••••
.
....
....
....
.
4
4,031
.
•
....
4
•
818
m
9,942
5,830 51,119
4,149 156,934
6,561
Included in the above totals are, from New Orleans, 1,605 bales to Norrkoptag, and from Savannah, 1,620 bales to Gothenberg.
‘
Below
1,107
•
....
13,191
give all news received to date of disasters to
sels carrying cotton from United States ports, dec.:
we
is.
•••
Forwarded
Sales American
of which exporters took
of which speculators took....
Total stock
of which American
Total import of the week
of which American
Actual export
Amount afloat.,
of which American
•
•
March 1.
50,000
12.000 ’
38,000
2,000
2,000
662.000
505,000
Feb 22.
63.000
9.000
47,000
4,000
2.0 DO
..
,
'
4,000
626,000
465.000
141.000
76,000
•
4,000
835,000
..
MarchR
101.000
85,000
125,000
«...
»
•
Feb. 13.
45,000 ;•
6,000
297,000
68,000
13,000
50,0(0
5,000
4.000
633,000
504.000
73,000
56,000
5,000
832,000
moot
8.000
299,000
242.000
257,000
The following table will show the daily closing prices of cotton for the week:
8atnr.
Mon.
8pCt>
Tues.
Wednes.
Tburs.
Fn.
MkLUpl’ds... ,.@6 1-16 ..@8)tf
..@6*
..@6* „ ..@6#
Mid. Orl’ns... ..®6 5-16
..@8X
..@6#
Futures.
These sales
wise stated.
the basis of Uplands, Low Middling clause, unless other*
are on
Saturday.
_
<
—ww,
ves¬
Mar. delivery, 6d.
Mar. delivery, 6 3-32@)£@3-32d.
Mar.-Apr. delivery, 6 3-32@)f d.
board.
Bechebdass Anbaidass, ship (Br.), Williams, at Liverpool, Feb. ’9, from
Mobile, reports that ou Feb. 5, in lat. 49 N.. Ion. 55 vV.. she encountered
a heavy gale, and had csbin skylight,
rail, &c., carried away. *
Marie 8iedenburg, ship (Ger.), Strieker, at Bremen, Feb. 18, from New
*
Orleans had main topmast broken. '
Sabino, ship Br.), Farme'r .at Liveipoo’. March 3, from New Orleans, bad
been in collition with bark Hera (Ger.),
Petscbke, at Liverpool, same
July-Aug. delivery, ek'd.
Aug.-Sept. delivery, 6J4d.
Mar.-Apr. shipm’t, sail. 6 7-32@3-16d.
Oct.-Nov. delivery, 6){@l-32d.
Apr.-May delivery, 6)£d.
May-Jane delivery, 6 8-16®5-22d.
June-July delivery, 6 7-32J8-l6d.
Tuesday.
Mar. delivery, 6)£d.
Mar.
delivery, 6 5-32d.
Apr.-May delivery, 6 3-16d.
delivery, 6)£d.
Apr.-Mav delivery, 6 5-32d.
May-Tune delivery, 6 a-16d.
Apr.-May. delivery, 6)4d.
May-June delivery, 6 5-32d.
Oct-Nov. delivery, 6 5-16d.
Mar.-Apr. delivery, 6 3-32@Kd.
Apr.-May delivery, 6){@5-32d.
May-June delivery. 6 5-3-@3*16d.
June-July delivery, 6 3-16@7-31d.
July-Aug. delivery, 6 7-32@kd*
Feb.-Mar. shipment, sail, 6 3-16d.
Mar.-Apr. shipm't, sail, 6 3-161.
Mar.
Wednesday.
Mar. de’ivery, 6^@3-32d.
i
Mar.-April delivery. 6)£@V32d.
Apr.-May delivery, 6 5-32@)tfd.
May-June delivery, 6 3-1645-82d.
June-July delivery, 6 7-32@3-l6d.
July-Aug. delivery, 6)£@7-32d.
Aug.-Sept. delivery, 6 9-32d.
Sept -Oc\ delivery, 6 9-32d.
Mar.-Apr. shipment, sail, 6 3-163.
Apr.-May shipment, sail, 6 7-32d.
delivery, 61-16d.
May-June delivery, 6)4d.
Mar.-Apr. delivery, 6 l-16d.
Mar.
Apr.-May delivery, 6 3-82d.
May-June delivery, 6 5-32@){d.
Feb. shipment, sail, 6)4d.
July-Aug. delivery, 6 3-16d.
Oct.-Nov. delivery, € 9-32d.
Thursday.
Mar. delivery, 6 l-16d.
Feb.-Mar. shipment, sail, 6 5-32d.
Mar.-Apr. delivery, 6 l-16d.
May-June delivery, 6 5-32d.
June-July delivery, 6 3-!6d.
July-Aug. delivery, 6 7-323)4d.
Feb. shipments, sail, 6 5-i2d.
Mar.-April shipment, sail, 6 3-13d.
Apr.-May shioment, sail, 6 7-32d.
Oct.-Nov. delivery, 6 5-16d.
June-July delivery, 6 7-32d.
Friday.
Mar. de'iverv, 6 3-32cL
Mar.-Apr. delivery, 6 8-32d.
I
| Mar. delivery, 6l-16d.
I Mar.-Apr. delivery, 6 l-16d.
I May-June delivery, 6)4d.
May—lune delivery, 6 3-lfi@5-32d.
June-July delivery, 6 3-16d.
Cotton
freights the past week hare been
Liverpool.
Steam.
Sail,
d.
Saturday.
Monday..
Tuesday.
Wed’day.
Thur’dy..
Feb. shipment, sail,.6 5-32d.
] Feb. shipment, sail, 6)4d.
Apr.-May delivery, 6)4d.
tion.
tepairfd.
Iberian, str. (Br.). from Boston, at Liverpool, Feb. 15, is reported to have
shifted cargo on the passage.
Pembroke, str. (Br.) James, from Boston, Feb. 12, for Liverpool, put into
Queenstown, March 1, short of coal. The P. also lost bjata and rails,
"and had her cargo shifted.
AS8AYE, ship (Br.), at Liverpool, Feb. 26, from New York, lost three boats
and * very thing moveable off deck. The carpenter was washed over¬
| Mar.-Apr. shipment, sail, 6 3-32d.
Monday.
Athenian, str. (Br.). from Galveston via Norfolk for Liverpool, which put
into New York m distress, cleared at New York, Match 5, for destina¬
Australian, str. (Br.), from Galveston, at Liverpool, Feb. 16, experienced
very heavy weather on the passage; lost bulwarks and boats on the
port side.
City op Dallas, str, which was partially burned alongside her dock at New
York, has been taken to Poiilcn’s yard, Brooklyn, where she will be
I Feb. shipment, sail, 6 l-16d.
| Feb.-Mar. shipment, sail, 6 l-16d.
Apr.-May delivery, 6 l-32d.
Mar.-Apr. delivery, 6d.
June-July delivery, 6 3-3J@)*d.
Aug.-SepL delivery, 6 8-16d.
—@9-32
—@9-3 *
—@9-82
—@3-32
d.
c.
9-32 comp
9-32 comp
9-32 comp
9-32 comp
X cp.
X cp.
—@9-32 9-32 c imp
X cp.
X cp.
Friday... —@9-32 9-32 comp
as
tollows:
,—Havre.—» -—Bremen.—,
Steam. Sail. Steam.
Sail.
X cp.
X cp.
c.
mx
)4©>i
c.
c.
X
X
X
X
X
X
Hambarg-,
8team.
cp.
cp.
cp.
cp.
cp
cp.
Sail.
c.
X comp.
% comp.
J4
X
X
X
comp.
comp.
comp.
comp.
BRE ADSTUFFS.
Friday, P. M.. March. 8. 1878.
The favorable progress
made in negotiating the basis for
a
peace between Russia and Turkey, and the strong probability
that hostilities between the Great Powers of Europe will be pre¬
vented, have had
depressing influence upon our markets for
week. Flour of all grades declined 15@25c.
day from New York, and was damaged.
The grades best supported
St. Bernards, ship (Br.), Churchill, from Philadelphia for Liverpool, which perbbl.,and in some cases more.
went ashore in the Delaware, and came off
undamaged, sailed for desti¬ have been liDes of common shipping extras; these were com¬
nation Ftb. 23.
Tornado, ship (Br.), with a cargo of cotton, previously reported burning at paratively scarce, and could not be offered in quantity, except for
ew Orleans, was libelled there on Feb.
27, and was in the hands of the early arrival. The depression was most marked at the close of
United Slates Marshal. She had been filled with water.
Eight tow¬
boats and three fire-engines were pumping her out on the 28th. The Wednesday's and the opening of Thursday’s business.
Produc¬
indications on March 1 were that the ship would be saved with her
tion
continues
comparatively
large,
with
but
little
probability
caigo, the latter, however, camaged excessively. Thecottou was being
discharged, every bale bavir g the appearance of a huge lump of mud, that it will be reduced. To-day, a good line of Western shipping
so tboiough'y
has it been soaked by the muddy waters of the Missis¬
sippi. '1 he vessel is lined on the outside with canvas, preventing any extra sold at $4 80, and the market generally was unsettled.
water from entering what holes
may have been made iu the vessel by
The wheat market shows a material decline, although each
the fire.
‘
Danube, bark iBr.), at Liverpool, Feb. 18, from Savannah, experienced heavy successive reduction brought forward buyers of liberal quantities.
gales, and had upper and lower maintopssils blown away.
Hera, bark (Ger.), Petechke, at Liverpool March 3, from New York, had The decline continued from day to day, until yesterday, when
been in collision with ship Sabino, Farmer, from New Orleans.
Damage there were sales on the spot and for early delivery at $ 1 16@1 18
to the H., if any, net stated.
t
Lara, bat^ (Br.), Currie, from Savannah for Amsterdam, which put into St. for No. 3 spring, $1 21£@1 23£ for No. 3 do., $1 24@1
for No. 1
Thomas, Feb. IS, with loss of rudder, yards and sails, would repair
do., $1 31i@l 32| for No. 2 red winter, and $1 35@1 88'ifbi:
without discharging.
V"
✓ ■.
r^BE, bark (Br.), from charleston, S. C., at Liverpool, Feb. 15, experienced
heavy weather on the passage, and had maintopmast, topsail yard, main- prime to choice white. At these prices the market steadied up
at the close of yesterday's business.
"2,
topgallant and yard carried away.
Receipts at
Hhant, brig (Aust.) Catteriuicb, at Malaga, Feb. 12, from New Orleans, had
markets have fallen off a little, but are still largely in exceed#
lost part of her deckload of staves.
rnos. G. Smith, schr., wrecked at
Shark River, Feb. 10, was sold at auction, former seasons.
To-day, the market was firm but dull,...
Feb* 27?.for $l!5 for the junk market. Her
ca»-go of naval stores has
been discharged by the Coast
Indian corn has been only moderately active at variable and
Wrecking Company and forwarded to
New York,
somewhat irregular prices.
Choice old corn has become scarce
y> Liverpool, March 8—4:00 P.M.—By Cable from Liver- and is
higher; but new No. 2 declined materially; steamer gradea
£?ool*—Estimated sales of the day were 8,000 bales/ of which have also favored
buyepa; No. 3 changed but little. New Souths
kd®8
were for export and speculation. Of to-day's sales
>
bales ware American. The weekly movement is given as ern has arrived less freely and brought very full prices. Tester*
day, the market was dull on the spot; old mixed sold at 60@6IC4
•
v
a
breadstuff^ the past
.
“
-
<
-
;
.
-
-
-
.
,
■
.
.
.
.
_
•
a
-
ira
vy'st1
THE CHRONICLE.
248
new
No."9? 54|@55c.; “ steamer” mixed, 51$@52c.; No. 3 at 50@
50ic.; Southern yellow at 56@56$c.; and Southern white 59@61c
Futures were more active, with sales of steamer mixed at 51|@
51fc. for March, 53c. for April and 53£c. for May; and No. 3 at
56@56£c. for June, with April and May options quoted at 55£@
56c. To-day, there was no change of moment in either spots or
fnture8, but the close was rather firmer.
Bye has been active at steady prices, but the demand seems to
have been withdrawn towards the close, leaving values unset¬
The business was mainly in No. 2 Western at ?2c. afloat,
tled.
and No. 1 State at 75@7Gc. afloat. To-day, prices were nominal.
Barley has been dull at drooping values. • Western feeding
Bold for export at 49c. Several boat-loads of No. 1 Canada were
taken for malting at about 90@92c. To-day, Western feeding
sold at 482c. Oats have been more active at about steady prices.
No. 2 Chicago sold at 352@35£c. afloat. To day, the market was
firmer, with No. 2 graded quoted at 35c. for mixed, and 35$c. for
white.
The
following
No. I...
are
closing quotations :
grain.
Flour.
i
....« bbl. |2 50® 3 50
J Wheat—No.3spring,bush $1 16® 1 13
Superfine State & West¬
ern
Extra State, Ac.
Western Spring Wheat
extras
....
do XX and XXX
do winter X and XX..
do Minnesota patents..
No. 2 spring
No. 1 spring
Bed Winter
Amber do
White
4 00® 4 59
4 80® 5 00
4 75® 5 10
5 25® 6 50
4 85® 6 50
1 92® 1 21
1 25® 1 27
seaboard
follows:
ports, and in transit by rail, March 2, 1878,
48®
®
Oats,
Corn,
bosh.
1,537,770
463,741
112.7C0
507,787
at 1,532,752
In store at Chicago and afloat
In store at Milwaukee..
191,108
64,900
715,401
397,616
25,400
In store at New Tork
In store at Albany
In store at Buffalo
• -•
...
In store at Duluth
In store at Toledo
In store at Detroit
In store at Oswego*....
In store at St. Louis.
In store at Boston.
In store at Toronto..'...
In store at Montreal.
In store at Philadelphia.....
In store at Peoria
In 8tore at Indianapolis....
In store at Kansas City.
.
In store at Baltimore
Rail shipments, week
E$t. afloat in New York
...
....
Total.:
Feb. 23, 18:8
Feb. 16, 1876
Feb. 9, 1878
*
..
14*1,125
,
136,828
3.904
32,107
..
493,198
396,095
350
11,728
195.006
124,833
10,102
44,916
17.825
*i28
..
..
.
•
439,653
713,877
£03,000
275,000
8,643,262
5,831,819
5,527,841
4,835,817
1,738
9.691,292
10.26S.974
9,601
885,000
52,651
794,009
58,255
45,446
45,592
678,853
827,115
15,444
59,148
-
21,COO
43,2!9
114,448
280,886
..
bush.
662,654 120.000
277,800 89,903
145,454
27,193
684,955 168,205
466,600 119,300
#,t
.235,64“
175,000
298,786
6,(09,408
5,817,483
9,000
'.if-
23,£49
3,202
1,144
6,104
,
601
777
3,239
-
69,881
269,080
410,000
490,000
53,‘sii
6^9X95
3,415,214 668,611
3,735,914 719,212
4,164,476 786,296
4,622,630 754,692
4,540,812 59 (,440
4,422,876 7(6,887
3,476,182 915,686
2,845,722 2,472/578
2,913,733
2.981.715
2.297.716
8,476,47S
..10,190,018 6,529,670 8,278,2£6
9.2S0.5S9 5,663,730 8,096,847
...10,779,145 12,208,880
'4,617
»
.
16,232
8,716
^
Rye.
bash.
1(2,900
4,200
:Y;&
was as
Barley,
bush.
1,189.302
....
8,595,42*
9.285,489
Jan. 26, 1878.
Jan. 19,1878
Jan. 12, 1878
March 3, 1877.
2,902,144
■x'’
Estimated.
THE DRY 0*0ODS TRADE.
1 SO® 1 36
1 33® 1 38
...
Wheat,
bash.
1 28® 1 35
Corn—Wes t*n mixed
Yellow Western, old
Southern, yellow, new..
XXV L
Friday, P. M., March 8, 1878.
56
package trade in nearly all descriptions of domestic goods
light and unsatisfactory the past week, and there w&a
less spirit in the demand for foreign goods than when last re¬
ported upoD. A slight change, however, for the better in the job¬
bing trade is to be noted, and a fair aggregate amount of spring
goods was placed in the channels of distribution by a few of the
leading houses. The market has not yet recovered from the dis¬
The movement in breadstuffla at this market has been as foJ- trust caused by the late break in prints, and both wholesale and
lows:
retail buyers continue to make their purchases of other cotton
-EXPORTS FROM HEW YORK.
-BBCBIFTS AT NEW YORK.-1877.
Same
-1878.
-1878.fabrics with extreme caution, while sales of prints were not mate¬
time
For the
Since
For the
Since
Forthe
Since
rially increased by the low ruling prices. Woolen goods for
Jan.
1877.
week.
1.
week.
Jan. 1.
week.
Jan. 1.
228,386 men’s wear have been very quiet in first hands, and the clothing
48-(,426
475,400 34,012
53,019
Flour, bbis. 86,173
767,080
46,172
37,231
5,9-3
39,302
4,721
C. meal, 44
3,867
29,293
467,333
870,163 7.4S3.4J09 46,524 1,353,747 trade was dull and disappointing to holders, most of whom are
Wheat, bus. 895,860 8,261,046
470,719 2,776,780 345,277 2,878,344
Corn,
M
860.730 3,072,465 2,469.083
Collections are reported
839,829
lb6,383 carrying heavy stocks of spring goods.
10',816
77,926
83,074
Bye,
44
250,603
83,131
116,771
6:1,599
95,386 fairly satisfactory, though distributors in some of the mud-bound
Barley. u *195,285 *1.249.447 *615.010
£5,353
8,161
37,847
4,59i
Oats....41
165,649
957,933 1,123,775
sections of the West are scarcely so prompt in their payments as
54® 55#
6 00® 8 00
75
68®
City shipping extras
4 85® 5 85 Rye
Oats—Mixed
33a 35^
City trade and family
White
34il® 4014
brands
6 00® 6 50
Southern bakers1 and fa¬
Barley—Canada West...
77® 92
State, 2-rowed
67® 65
5 75® 6 75
mily brands
67®
State, 4-rowed
75
Southernshipp’gextras.. 5 10® 5 60
...
65®
85
Bye flour, superfine
3 40® 3 85 Barley Malt—State
1 00® 1 10
Canadian
Oornmeal—Western, Ac. 2 50® 2 85
83® 1 00
Corn meal—Br’wine. Ac. 8 10® 8 15 j Peas—Canada.bondAfree
The
has been
.
>
-
.
.
.
.
.
*
;
could be desired.
Domestic Cotton
Including malt.
The following tables show the Grain in sight
ment of Breadstuff's to the latest mail dates:
RIVE*R
RECEIPTS AT LAKE AND
MARCH
and the
move-
PORTS FOR THE WEEK ENDING
2, 1878, FROM DEC. 31 TO MARCH 2, AND FROM
AUG.
Milwaukee
Toledo
Detroit
Cleveland
St. Loais
Peoria.
Duluth
Corn,
Oats,
Barley,
bush.
(56 lbs.)
bush.
(S2 lbs.)
bush.
44,28)
297,912
584,294
203,940
290 687
6.740
18,100
1,050
48,583
90,719
10,000
116,683
68,279
772
2,022
5,484
9,sr o
42,337
14.983
44.000
13.950
8.400
21,099
....
124,990
105,596
78,659
15.800
232.9S5
158,500
....
£84,063 1,063,570
1,083.363
830,460
393,752 1,6)6,445
865,287 1,639,381
10,005,531 8.525,962
3,063,441 10,833.735
6.453,175 10,607,810
6,714,412 8,045,927
53,490,822 43,615,578
i....
824,43)
304,150
381,429
504,203
102,039
3,095,088
Tot. Dec. 31 to Mar.2. 993,724
2,313,154
717,910
Same time 1877
865.065
3,«44.0S0
Same time 1876
2,701,891
698,023
Same time 1875
15.505,615
Tot Aug. 1 to Mar. 2. 3,766,118
Same time 1877. .... 3,361,082 32.458,454 49.458,636 13,867,341
2,999,305 44,550,150 29,922,945 17,287.290
Same time 1876
3,252,006 41,245,143 26,705,633 14,419,936
Same time 1875
Rye.
fcusb.
(48 lbs.) (56 lbs.)
11.311
61,'63
3.1,5 2
3,223
46.58S
1,550
Corresp’ng week/V7.
.
bush.
(60 lbs.)
10,400
8,479
260
....
•
•
•
6,323
18,000
•
4
143,272
125,962
102,252
Tot. Dec. 31 to Mar.'2
Same time 1877
Same time 1876.
game time 1875......
Wheat,
973,802
8,415,032
653.836
1,838.025
923,026
6,9,439
2,691.805
2.022,943
bush.
Corn
bush.
Oats,
bush.
•
42.031
29,8(7
143,788
1,590,536 430,539
1,1)7,118 415,628
1,558,8'7 241,217
907,201 241,628
8,079,396 2,457.356
7,586,968 2,193,012
6,089,371 1,£00,600
5,111,934 932,370
AND
Barley.
bush.
1,779,263
820,305
1,299.414
667.719
1,608,029
3,432.972 1,415,092
584,258
452,150
5,546.243
5,104,134
6,785,771
•
39,122
35,319
SHIPMENTS OF FLOUR AND GRAIN FROM WESTERN LAKE
RIVER PORTS FROM DEC. 31 TO MARCH 2.
Flour.
bbls.
Rye
,
bush.
228,864
!55,8i7
142,637
137,574
receipts of flour and grain AT SEABOARD PORTS FOR THE
WEEK ENDED MAR. 2, 1878, AND FROM DEC. 31 TO MAR. 2.
At—
Now York* «•••••••«
Boston«•«••••••»«•••
Portland.;
Montreal
Philadelphia
Baltimore
New Orleans
Flour,
Wheat,
bbls.
bush.
89,944
80,231
6,000
7,848
1,104,310
88,622
200,000
800
Corn,
bush.
866.173
147,000
2,500
•
•
*«
30.5'0
135,200
17,333
4,499
173,500
417/00
451,000
750
72,722
Oats,
Bariey,
bush.
171.253
bush.
150,216
4!,6o6
6,700
9,900
40,464
1,200
10,000
*
•
*
•
41 300
13,000
2,98 A
small lota to other
Agents’ prices for the most staple cotton goods were
fairly steady, but bleached shirtings (which have been very quiet
for some time past) were unsettled, and certain makes of brown
sheetings, which have lately accumulated in first hands were a
shade easier. Denims, ducks, tickings and corset jeans were in
Mexico, 68 to Hayti, and the remainder in
markets.
-
-
Wheat,
21,768
2,950
Previous week
£5.
bbls.
6,801
Total
TO MARCH
Flour,
(196 lbs.)
At-,
Chicago.,.—..—
1
Rye,
bush.
88,856
1,500
800
fair demand for small selections and ruled firm at current quota¬
tions.
Cottonades and cheviots were in moderate request, and
••••••«
• •«•
The Visible
graaary at the
Supply
2! 1,780
276,843
1,514,902
233,503 186,729
2,021,230
266,149
15,100
15,139.820 2,128.9t4 :1,33-<,916
11,668,609 2.219,885
639,437
12,991,004 2,439,442 11,211,101
10, £62,678 2,170,241
416,212
1,456,395
of Grain,
91,156
86,098
10,660
259,626
184.132
54,070
36,020
comprising the stocks in
principal points of accumulation at lake and
shade lower in price.
makes were advanced
in fair demand, and a
the part of Fall River manufacturers to stop pro¬
piques continued fairly active, though a
Quilts were in steady demand, and Borne
from 10 to 15 per cent.
Print cloths were
proposition on
duction for four weeks tended to arrest the downward course of
prices. Extra 64x64 cloths were sold at3£c„ cash, 8$c., 30 days,
and 3£c. less £ of 1 per cent cash, and 56x60s changed hands at
u^c., 30 days, Prints ruled quiet, but ginghams were in steady
demand and firm.
Domestic Woolen Goods—There has
movement in
men’s-wear woolens from
been a very light
agents’ hands, and
jobbers’ sales failed to realize expectations. Cotton warp cassiin low grades met with some attention, but all-wool
meres
suitings continued quiet in both heavy and flight
Worsted coatings were in comparatively small request,
and cotton-warp worsteds moved slowly, despite the very low
prices at which some makes were offered by agents and jobbers.
cassimeres and
weights.
Cloths and doeskins continued inactive, and there were few trans¬
actions in overcoatings, though some lots of low-priced chin¬
chillas and cotton-warp beavers were placed 4‘ on memorandum”
with the early clothing trade.
Kentucky jeans of light, and
satinets
medium weights met with moderate sales, and printed
were a little more active when offered at low figures.
Worsted
dress goods were taken in small lots to a fair amount, as were
worsted shawls, but there was no real spirit in the demand for
these goods.
Foreign Dry Goods.—There was only a moderate demand
fqr imported goods at
week
were
not
as
a
first hands, and the auction sales
rule successful—silks haviog
of the
been taken
freely than during the previous week. Cashmeres
steady request, and grenadihes were in some demand by
Southern buyers. Fancy dress goods were quiet in first hands,
but jobbers’sales were more frequent. Low-grade. black silks
were dull, but fine and nudium qualities were in moderate
request.
Linen goods moved slowly, and white goods and
embroideries were somewhat less active. Men’s-wear woolens
continued quiet.
Ribbons and millinery goods were in rather
better demand. Canton mattings were largely sold privately and
at auction, and realized fair prices.
;
!
much less
were
Total
186,365 1,653,182
156,902 1,343/31
Previous week
53.600
132.354
Oor. week *77
Dec. SI to March 2..1 ,464,558 11,988,233
1,,158,255 1,250,595
Same time 1877
1, ,569,082 9,939,505
8ame time 1876
Same time 1875
1, 341,279 3,718,460
Goods.—Tbe exports of domestics from
this port for the week ending March 5 were 1,4G3 packages, 355
of which were shipped to Brazil, 331 to Great Britain, 287 to
United States of Colombia, 107 to Hamburg, 84 to China, 75 to
iu
h
-
Wig•vvv .su&r
‘V-"j
-
> March
9,
i878L]
THE 'CHRONICLE.
.
Imparuitoaa or Dry ««ort».
.y
ending
7, 1878, and for the corresponding weeks of 1877 and
yThn importation® of dry goods at this port lor the week
Mar.
1876. have been as follows:
7. 1878,
bntbrbd bob consumption bob thb wbbk bnding bar.
*’
•
1876
Pkgs. Value.
Manufactures of wool... !,374
do
cotton. 1,885
do
Silk..... 877
do
flax.....2.034
Miscellaneous dry goods.5,216
.
.
,
1878—
Pkgs. Value.
1877
•
Pkgs.
Value.
>552,149
582,153
807
1,158
$313,619
363.651
1,001
$123,812
1,387
685,520
620
999
443.497
..548,731
1,277
800,031
1885
168,598
' 2*3,214
1,790
432,098
267,273
239,579
2,099
143,031
Exports of Leading Articles from New fork,
The following table, compiled from Custom Hohae returns,
shows the exports of leading articles from the portof New York
to all the principal
foreign countries since Jan- 1, 1878, the
totals for the last week, and also the totals since Jan. 1,1878
and 1877.
The last two lines show totai values, including the
value of all other articles besides those mentioned in the table,
.
.
®<r»
.
6,510 $1,889,222
6,474 $1,643,722
11,476 $2,352,629
Withdrawn from wabbhousb and thrown into tbb xar&bt
during thb
e»-^ao © «> ;ciMcoe* — — o_o
oc;oogo*S:©o
‘ :rt»»*ttdoVso
‘
•
oc*05CS3St'.o©»«*,»»0®«rtr50S
Manufactures of wool—
do
do
do
,•
473
silk
flax.....
115
645
Miscellaneous dry goods. 3,503
-8,362
5,415
$767,865
1^833
Add ent’d for consumpt’i) 11,47 6
2,352,629
6.474
Total thrown upon m’k’t. 16,891
$3,120,494
Total
■X'
172.5f 3
—;
Sj ® r*
$183,896
93.195
189,006
108,011
27,307
.
$601,415
1,619,7^2
375
2S4
169
494
$141,015
72,239
"2
157,078
104,619
o
3,338
41,675
4,fi60
6,549
$516,817
1,839,222
CO oo £2 <N
xfQOO
31
$118,752
623
870
111,030
101.284
819
$253,785
51,685
158
447
139,942
60,858
130,901
70,7>6
47,498
2,046
64,997
6,564
79,599
8J590
$439,422
3,447
$629,723
7,8h9
$517,507
add ent’d for consumpl) 11,476
2,352,629
6,474
1,649,722
6,519 1,889,222
Tetsi entered at the port.20466
$2,792,051
9,921 $2,279,445
14,418 $2,436,729
Total...
ou
<tf
-e
^3
®«5"<oo‘
SiO
C- —
».«.•••*,.«.
(8,713
4,414
1,590
1,086
Coal, tons
255,616
641
Cotton, bales
Drugs, &c—
Bark, Peruvian..
Blea. powders...
Cochineal
Cream Tartar...
Gambier
458
423
....
....
Gum, Arabic....
3,C09
2,721
197
710
CS£eO
Indigo
331
Madder & Ext. of
Oil. Olive
6,327
220
Opium..
Soda, bi-carb....
HI
Sodaash
Flax.
Fare
Ganny cloth
Hair
11.722
Hemp, bales
Hides, &c—
17,412
796
930
941
413
767
1,1G0
•
•
•
•
936
Hardwaie
136
Lead, pigs
...
Spelter, Tbs
Steel
Tin, boxes
Hides, dressed..
1,145
India rubber......
10,038
14,132
Bristles
131
189
Ivory
472
96
....
..
.
501
66
46,394
28,277
937
3,222
Corks
....
8,660
12,895
120
24
11,276
13,659
5,211
10,02?
15,682
101,250
405,636
129,335
181,625
Lemons
Oranges
Nuts
195,115
6,376
$
210,092
14,307
-
*
£
CO
>ao
> —
.....
Rye
“
Barley & malt “
Grass seed...bags
Beans
bbls.
Peas
bush.
Com meal., bbls.
Cotton.......bales.
“
Hemp
Hides
No.
Hops
bales.
Leather
sides.
Molasses
hhds.
Molasses
bbls.
Naval Stores—
T- Crude turp..hhls.
; Spirits tnrp
“
i’ftc
•
'Rosin.....
•*
Tar,,-....
M
*:&■■■
-
:•
1,563
Spices. &c.—
85,092
8,633
27,108
41,783
Cassia...
Ginger
Pepper
Woods—
Cork,....
Fustic...........
Logwood
1,249,417
615,010
59,027
26,3.2
92,100
46,172
-
68,6!8
10,733
116,352
29,293
225,221
1.004
640,857
32,084
776,839
•
»
•
•
81,172
■
-
579
9,739
59,554
4,359
■
224,107
1,531
795,202
15,007
677,444
•
iooco
•
rs O 4TB
•C
*—«
Pitch
Oil cake
250
Cheese....,
Cutmeats
..
Pork
Beef
Lard.......
7,54b
200,301
6,0*1
93,596
1 ‘,692
2.272
xf 50
Same
time 1877
51,461
2,693
20,722
158,749
113,416
340,889
62,561
171,511
49,231
“
“
“
“
“
**
bbls.
Sugar
hhds.
pkgs.
‘T
...
•f-no
•
t- v
*s«
:3
CO
3
d-
tn
•
“
i
•«
O
•
s
>o»c§3
:£
•oo©»
8 8’
• —OO
CO 00 <
•©»6f© —fc-<
«g©®
0> O T-« o
(O
•
00
•
a*
■
C»05»_,0-^<'i»c«30500CO'^*0
•jioqefletaee*
,
jo
•
.
.
. IS* O
4io
i
•
i
:
fn
.
'O
■
.
us
to
®W
«
«ch
rJ
^TT
CSCt C* I-
T">—
ao
*TO .#>«
• CO
f-iO
■
o
75.657
14,164
257,686
6,7 0>
5,596
244,594
70,025
45,952
9,161
?3.b21
7,971
59,923
8,263
64,078
4,903
3,784
222
67
7,962
10,014
12,479
29,836
18,445
22,657
hhds
8,944
4.183
.bbls.
33,028
34.835
7,729
49.955
hales.
9,810
4.824 Dressed hogs. .No.
19.821
©*o*
ta®*
■■
«2S
<
a
®
.
«
.
*
cot
V —
-
i--)0
r-l
■
■fll
co
<] £^o
I*13S
:
O-'i^OCccct*
■
e7 oo"
1
1
lOOOO"'
lOajvOX)
>ir G*
Wt-
-
«-QOCO
•
Of .o OO
•
Of
.
to
CO
•
eoccess
.
CO « «
>
er.
r~l
ot
TH
.
•
O O 05 Of O
•
•
o *C Tt* 05 OQ
:2
sj!j:
◄is
CO so
ao
Ot
M
•o®
«®=: :ss
o
§*°-
is- s
o«
o»
.Of o»
•
eo«?
•
.
•
-TO
■
*S
co
^o
.axioa
'-o
•
co
"of
—i
i
at
•-!
•
•
i /-
io
fSS
ct
»»
JO
s?g
Bsf
Z o
Q°
.
g o«
.
—
•
’Ot
I.
.f-f-mo
626
Sugar
7,064 Whiskey
49.239 Wool
iOQOiC
•
AO
i
74,651
2,181
12,6b9
kegs.
Tobacco
390 Tobacco
fe
s
No*
sg
~
43,819
bbls.
pkgs.
*T
43,201 Tallow
i
39.666
pkgs.
“
Eggs.
Starch
Stearine
CSt*
•
;8-:;
2,172
14,941
45.390
Jan.l,’78
Lard
Rice
O
<«*•
86,975
81,893
Since
486,426 Oii, lard
bbls.
8,261,04b
467,333 Peanuts
bags.
3,012,465 2.469,093 Provisions—
Butter
951,93 3 1,123,715
pkgs.
103,816
4:
.noei-AwMaiw*. -a* CQ — Cf 5» ©
cr<iO
275,378
167,181
3'>9,079
2,636,77! 2,494,468
22,147
32,193
767,080
250,6( 3
£3
CO
—
:S
®
o
CO CO CO Of
.TrOO
*<00
.
Dm
3
.
O fO
■
-f
>
00 *fJ
Ot co
—
oo
ot
*o Of
2 CJ#
“*
.»
Of
*^
^4 o
■s-
.OtuOCRCOO
—
QOC^ao-of’5ic«td®l»
N«
•
s
lo&m
fditj
.
,
353
3
© OO
•-ooneirt
5
T3
Ashes...
pkgs.
Bread8tuffs—
Flour
bbls.
Wheat
bush.
Corn
“
Oats
“*
:«888&85gS&P£
©
96,029
produce since January 1, 1878, and
have been as follows:
Jan. 1,’78
*CO
*o>
GW
•
"
V
Same
time 1877
ef,
.-*>
108,611
Receipts or Domestic Produce.
Since
.O —
ao ao © oo c*
•i-Mvan
645
100
32,753
458,095
182,161
$
243,904
10,604
110,211
93,489
Mahogany.......
The receipts of domestic
or the same period of 1877,
*50
S!
■
«
98,355
39,111
Saltpe'tre
Jewelry, &c.—
Jewelry
*f «e *i»
—
rrO
'
Wines
Rice
205
.r-K3 0DP '«
H
*>
—
a
2,809
10,918
893,CO'j
165,118
5,102
6,62"
1*6,296
143,323
2,610.410 2,150,918
23,339
23,199
Wines, &c—
Champagne.bkte.
Raisins
20,2^6 Hides, undressed..
1,358
333
957
Watches
Linseed....
Molasses
Metals, &c.—
Cutlery
3,610 Fancy goods..
13,413 Fish
10,483 Fruits, «fcc.—
3,130
11,301
Soda, sal........
©
Oi f-
Ol
COO
© —© *
t-lOrH
OO
S3
Wool, bales
1,696 Articles reported by
value—
1,006
3,946 Cigars
2,5! 5
-OO ®
•3^
*
"
Tea
4,727
.
j«D««
1,46S Tobaceo
4,774 Waste
5,325
„
•
O biooff x
Since
Same
Jan.l ,’78 time 1877
Tin slabs, lbs...
1,269
5,353 Paper Stock
4,'06 Sugar, hhds, tcs. &
bbls
296,020
655 Sugar, bxs & bags.
1,775
10,014
3,490
Buttons.
Cocoa bags
Coffee, bags
1,593
4,£81
1,638
5,363
42,260
4,38b
,
—
N. —
^gSS-83
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1378 and for the same period in 1877:
[The quantity is given in packages when not otherwise specified.]
Same
Since
Jan. 1/78 time 1877
,
.
o
The
EarthenwareChina...
Earthenware...
Glass
Glassware
Glass plate
*
>«ion".-»«3JiO,j>ocDWt»S»®ix«)Oo*(S’,c*3HiOwor»at*r<vi-'voow
;o — to w
Ci O1®—f-aooo
Imports of Leading Article*.
China, Glass and
«
—
...
«-*
®
482 $177,726
140
314
Silk
(04
flax....
268
Miscellaneous dry goods 7,597
'
■
218
cotton..
^
*
11,209 $2,406,039
8,307 $2,251,137
109,254
do
do
do
ICQa»a>r«0O«V3C
truJo <**“* —»ejv£o»ado©of-^
«
00§flC0-i'0'««HOq
C^rlHQf g •
6
p,t
awf<0inxo>o<xio:.oiN
BNTBRXD BOB WARBHOUBnie DURING 8AXB PBRIOD.
Manufactures of wool....
£28:
c®*2'°
.00 02!® T
Oi-no
«o
H
451
319
142
ae*
339
$282,893
110,474
133,636
679
cotton..
fl_r
o
8AMB PBRIOD.
.o*
*35
« uu oo ©o
O
Total..-.
to
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—
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8
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■
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OT
t.
THE CHRONICLE
-
[Vou XXVI.
Ij
Insurance.
Commercial Cards.
Commercial Cards.
The American
George A. Clark & Bro.
THE
OF
OFFICE
EXPORT E R
MARCH,
FOR
AT L AN TIC
Containing the Only Full Report
the National Export Convention
at
of
Washington, February
miLWARD’S HELIX NEEDLES.
400 BROADWAY. NEW YORK.
20th, Is
19th and
Ready.
Now
"Sirgle Copies, 23 cents; Subscript!on, $2, post-paid.
EXPORT
MERCHANT
COMMISSION
rs
TINKER,
a
ROOT
Produce, Provisions and Naval Stores,
PROPRIETORS,
86 Duane
29 BROAD STREET
Street, New York.
4Kons Kong. Canton, Amoy,
Foochow,
Planes, Transmission
of Power, &c.
Also Gal¬
vanized Charcoal and BBlor
clined
ilong Kcng & Shanghai
Ships’ Rigging, Suspension
Bridges, Derrick Guy8,Ferry
Ropes, Ac.
A large stock
constantly on hand from
which "any desired length
are cut. FLAT STEEL AND
IRON ROPES for Mining
Banking
Corporation,
Office, Hong Kong.
Head
Represented by
8. w. POMEROY Jr., 105 Water St., N. Y.
purposes
order.
Parker,
Place,
BOSTON.
&
AND
Not
York
hotel
F O It
Warren street.)
Freight taken via either line at lowest rates.
D. S. BABCOCK, President.
L. W. FILKINS, General Passenger Agent.
Dnane
T. S- Kennedy &
BANKERS AND
Co.,
MERCHANTS,
41 CEDAR, COR. WILLIAM ST.,
YORK
Continent—cabins
sail from Pier No.
as follows:
joints TOWN, PENN.,
Company’s*
AND
THE
JSdgar Thompson Steel Co. (Limited),
.
1
P1T1SBUBGB, PENN.
The
outstanding certificates of the issue of 1874
paid to the holders thereof,
their legal representatives, on and after Tues¬
wl 1 be redeemed and
cease.
The certificates to be
produced at the time of payment and canceled.
Upon certificates which were issued for gold pre¬
miums, the payment of interest and redemption
wilt be in gold.
for the year ending 31st December, 1877, foi which
certificates will he issued on and after Tuesday, the
7th of
May next.
By order of the Board,
CHAPMAN, Secretary.
cabin.
TRUSTEES:
provided with electric bells—will
50 North River, foot of Morton st.,
Wed.. March 20,6:30 A. M.
Wed., April 3,6 A. M.
Wed.. Apiil 17. 7 P. M.
$35; steerage, $26—including wine, bedding and
utensils.
Plymouth, London or any railway station In
England—First cabin, $90 to $100, according to accom¬
modation ; second cabin, $65; third cabin, $35, steer
age, $27, including everything as above.
Return tickets at very reduced rates, avatlabl
through England and France. Steamers marked thu
*
To
do not eawy steerage passengers.
For passage and freight apply to
LOUIS
DERERIAN,
Agent, 55
Broadway.
_
Atlas Mail Line.
J. D. Jones,
Charles Dennis,
W. H. H. Moore,
Charles H. Russell,
Lewis
Curtis,
James
Low,
David Lane,
Daniel S. Miller,
Gordon W. Burnham,
Joeiah O. Low,
William E. Dodge,
Thomas F. Youngs,
John D. Hewlett,
Charles P. Burdett,
Royal Phelps,
C. A. Hand,
William H. Wohb,
Francis Skiddy.,
Adolph Lemoyne,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Horace
BI-MONTHLY SERVICE TO JAMAICA, HAITI
COLOMBIA and ASP1NWALL, and to PANAMA and
SOUTH PACIFIC PORTS (via Aspinwall.)
Flist-class, full-powered. Iron screw steamers, from
Pier No.M. North River.
For Kingston (Jam.) and Hayti.
ATLAS
.March .4 | ETNA......
April 4
For Hayti, Colombia, Isthmus of Panama and south
Pacific Ports (via A spinwall),
'
AILSA.
....March 16 I ANDES......
March 90
•
ALBbaslness relating to the Construction and Equip'casaftot Railroads undertaken.
Interest on the outstanding
HAVRE.
.
AND
$14,366,351 68
profits will be paid to the holders
thereof,or their legal representatives, on and after
Tuesday, the 5th of February next.
J. H.
PEKEIREL Danre
PRICEWF PASSAGE IN GOLD (Including wine):
To Havre—First cabin, $100: second cabin, $ 5; third
■
Cambria Iron Company,
...
Six per cent.
Calling at Plymouth for the landing of Passengers.
The splendid vessels on this favorite route, for the
New York.
Day and sell Railroad Investment Securities. Cob
.-■nct Coupons and Dividends. Negotiate Loans and
'dSFtir Bills of Exchange on London.
Adgeuts for the sale of STEEL BAILS made by the
617,436 01
1,764,393 63
255,364 02
*
BETWEEN
FRANCE, Trudelle
CANADA, Frsnguel
*
estimated at...
certificates of
Mail Steamsliips, *
NEW
Street.
pany,
Premium Notes and Bills Receivable.
A Dividend of Forty per Cent, is de
on the net earned premiums of the Company
Direct Line to France.
,
No. 109
1,163,SCO 00
Real Estate and claims due the Com¬
dared
OKU
And all kinds of
Widths and Colors always in stock.
Company has the following Assets, viz.:
interest thereon will
Nashua and
Daily from Pier 29 North River (foot of
COTTONSAILDUCK
•A foil supply all
Worcester,
The General Trans-Atlantic
Bunting Company.
The
day, the 5th of February next, from which date all
St6&Q161^ l6ftTG
5P
Xr* M
Brinckerhoff, Turner
& Co.,
Also, Agents
Expenses...$947,923 86
or
LIVE,
all Points North.
Drawers
From Various Mills.
NEW YORK.
B08T0N,
4k 45 Writs Stbsrt.
15 Uhavxoby St.
PHILADELPHIA, *
J W. DAYTON. 2911 Cwkstnit Sthest.
States
$2,565,890 27
period
Total amount of Assets
ticket-offices.
AND
United
same
1877.... $4,9C2,331 08
Returns of Premiums and
ELEGANT STEAMERS
FREIGHT ONLY FOR
AWNING STRIPES.”
aiy, 1877, to 31 st December,
Losses paid duiing the
Cash in Bank
City and Brooklyn. Also tickets for sale at all
Providence;
Saratoga Victory Mfg Co,,
CNG, BAGGING, RAVENS DUCK, SAIL TWINES
*C. « ONTARIO” 8EAMLES8 BAGS,
disconnected
Pr miums marked off from 1st Janu-
Trip Missed in 7 Consecutive Years.
PROVIDENCE
dlerton New mills,
Atlantic Cotton mills,
OTTOA CANVAk,, FELTING DUCK, CAR CuVEB
Risks, nor upon Fire
with Marine Risks.
EAST.
Jay street.
Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LEAVE STONINGTON AT 4:80 A. M.
State-rooms and tickets secured at S63 Broadway and
at all offices of Westcott Express Company in New
Washington mills, Chicopee Mfg Co.,
Burlington Woolen Co.,
•
BOSTON,
ALL POINTS
*
M&nuf&ctu: ers and Dealers In
No Policies have been issued upon Life
wise
5 p |K Daily from Pier 33, North River, foot of
China,
E.R.Mudge,Savvy er&Co
Hosiery, Sblrt* and
RELIABLE
STONINGTON and RHODE ISLAND.
Wall St.„ New Yftr»t
AGENTS
a
THE
Represented bt
n>4
OLD
FOR
Canton, China.
OLYPHANT Ac Co., of
2,040,862 61
Stock, City, Bank and other stocks.$10,565,958 00
Loans, secured by Stocks and other¬
Stonington Line
Co.,
Foochow A
Hong Kong, Shanghai,
Broadway, New York.
THE
MERCHANTS,
COMMISSION
CO.,
Steamships
Post Office Box 2,634.
Olyphant
&
January, 1877
Total amount of Marine Premiums. $6,751,028 44
manufactured to
MASON
Policies not marked off
on
United States and State of New York
COMMISSION MERCHANT,
3.4 Exchange
1st
superior quality
suitable for MINING AND
J. MURRAY FORBES,
m Cextkal Street. '
Charles E.
January, 1877, to 31st De¬
cember, 1877
$4,710,665 83
Premiums
HOISTING PURPOSES, in-
JOHN
43
Marine Bisks
on
from 1st
STEEL AND CHARCOAL
IRON of
;
Boston Agency,
Premiums received
Rope
Shanghai and Hankow, China.
-
York, January 23, 1878.
Charter of the
Company, submit the following Statement of its
affairs on the 3tst December, 1877:
..
Wire
<3OBI MISSION
MERCHANTS
AND SHIP AGENTS,
New
The Trustees, in conformity to the
NEW YORK
P. O. Box 2432.
Russell & Co.,
Co.
ROSLNFELS,
W.
S.
Mutual Insurance
passenger a<
PXM, FOBWOOD * CO.. Agents,
xo. 58 Wall treeL
Gray,
William
Sturgis,
Alexander V.
Blake,
Robert B. Minturn,
G targe W. Lane,
James G. DeForett,
Charles D. Leverich,
Edmund W- Corlies,
William Bryce,
John Elliott,
William H. Fogg,*
Peter Y.
Thomas B. Coddington,
Horace K. Thurber.
J. D. JONES,
President.
Vice-President.
Vice-President.
RAVEN, 3d Vice-President,
CHARLES DENNIS,
W. H. H. MOORE, 2d
A. A.
King,
@FedFRASER