The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MERCHANTS’
HUNT’S
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL, INTEREST! DP THE UNITED STATES,
VOL. 20.
SATURDAY. MAY 1, 1875.
.
CONTEMT8.
•»
convention
THE CHRONICLE.
The Saratoga Convention of
Bank Officers
Tl’eU ury Content at Albany...
Fire Insurance Rates
I Latest Monetary and Commercial
413 (
English News.
414 I Commercial tnd Miscellaneous
415 |
News
416
418
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
.
Corporation Finances
...
and
435
436
Prices Current..
|
Financial Chronicle is issued
on
Satur¬
TERMS OF SUBSCRIPTION-PAYABLE IE ADVANCE,
The Commercial and Financial Chronicle, delivered by carrier to
subscribers, and mailed to all others:
(including postage)
,
For8ixMonths
city
$10 21
61)
Subscriptions will be continued until ordered stopped by
at the publication
tances unless made
a
written order
office. The Publishers cannot be responsible for Remitby Drafts or Post-Office Money Orders.
or
Advertisements.
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions, a
liberal discount is made. No promise of continuous publication in the best
place can be given,asall advertisers must haveeqnal opportunities. Speciul
Notices
in Banking and Financial column 60 cents per line, each insertion.
Londou Office.
The London office of the Chronicle Is at No. 5 Austin
Friars, Old Broad
street, where
subscriptions aie taken at the following rates:
Annual Subscription to the Chronicle
Six months’ subscription
WILLIAM B. DANA,
John o.
(including postage)
£8
1
2s.
3s.
WILLIAM B. DANA Sc OO., Publishers,
79 and 81 William Street. NEW YORK.
I
PLOTD, jr. J
Post Office Box 4 592.
BP* A neat file-cover is famished at 50 cents; postage on the same is 20
Volumes bound for subscribers at $1 50.
EM* A complete set of the Commercial and Financial Chronicle—July,
1665, to date—is for sale at the office. Also one set of Hunt's Merchants’
Magazine, 1839 to 1871, sixty-three volumes.
cents.
BF" The Business Department of the Chronicle is represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
TEE SARATOGA COMENTION OP BANK OFFICERS.
A convention of bank officers is to be held next
at
say
July
Saratoga, and the promoters of the meeting have
written
to
ask
us
for
they have
to twelve
hints in
regard to it. They
to expect from one thousand
some
reason
hundred members
to
be
They
or of changing
any laws, or of making innovations on existing rules for
the government of banks or their business.” What
they
intend is to do good to each other “by meeting to¬
gether, making each other’s acquaintance, and talking
disclaim the idea of “ dictating reforms,
over matters
of
to all bank
seemed to
us
to
development of the system.
The meeting of 1865 was
be
day morning, with the latest news up to midnight of Friday.
For One Year
ten
The National Banking Bureau
and the meeting in question
exert a beneficial effect upon the
open,
all the officers of national banks.
<£t)e tfljronicle.
The Commercial
held
if
we
mistake not, to
That of 1875 should
The
proposition made to confine it to hank
precedents. As
the committee invite “ suggestions ” and “ criticisms ”
about their project we may say that, judging from expe¬
rience of former like conventions, their plan is susceptible
of being so carried out as to he productive of much
good, But to achieve this the proper conditions must
be complied with.
Ons of these is that the meeting
should not be confined to bank cashiers, or to any single
order of bank officers, but should include bank presidents,
bank directors,'and perhaps the legal officers of banks
also.
To avoid making the assembly too numerous each
bank might be invited to send one or two delegates,
consisting of its cashier or its president or its counsel
or a director.
Every one who has had much experience
in organizing such conventions will see that by widening
the constituency as here proposed a greater breadth
will be given to the discussions and a richer variety
to the information and experience adduced.
Another condition of suecers is the prompt appoint¬
ment of an efficient working committee to mature the
preliminary arrangements. Perhaps this has been done.
It not, it is of the highest moment, and should he
attended to without delay.
A large amount of work
will devolve upon this body.
The success of the meet¬
ing depends almost wholly upon the way in which the
Secretary and other officers of the committee do their
duty. Among the labors devolving upon them will be
that of preserving a permanent digest in suitable form of
the proceedings of the convention.
To render these
records worthy of publication, and useful for the pur¬
poses in view, a number of specific topics of discussion
should be chosen beforehand, and introduced by papers
carefully prepared by suitable men. The selection and
allotment of these papers will give scope for much wis¬
dom, and will necessitate an active correspondence for sev¬
eral previous weeks. The result, however, will justify all
the toil which the pains-taking projectors of the conven¬
tion may give to it. After the reading of each paper an
so
too.
cashiers is not in accordance with former
430 I Dry Goods
431
434
was
years ago in this city.
was then newly set up,
425
Banks, eic
THE COMMERCIAL TIMES.
Commercial Epitome
Cotton
Breaastufts.
Bank officers
420
m
424
Quotations of Stocks and Bonds
New York Local Securities
Investment and State, City and
Railway Stocks, Gold Market,
Foreign Exchange, New York
City Banks, Boston Banks,
Philadelphia Banks. National
National
of
NO. 514-
present.
officers, to make their
easy in the future, and to leave a oral discussion of it will be in order, and as a number of
green spot ’ in the pathway of the past that it will be a French, German, English, and other foreign travellers
are
pleasure to look upon.”
usually within easy reach of Saratoga in the summer
This is in brief the account which these gentlemen the discussions on some of the topics might receive valu¬
give of htheir purpose in meeting together. A similar able aid if a cordial invitation were announced that
official duties
‘
concern
more
THE
414
May 1, 1875,
CHRONICLE.
foreigners were -admissible on propeir introditction teethe
Committee.
; “v .;V»
?
The subjects allotted for the several papers will, of
course, have reference almost exclusively to America#
banking, its growth, its present position, its improve*
ments as compared with previous periods, its dangers
and its ?prospective progress.
Another set of papers
should discuss the vexed question whether banks should
pay interest on their deposits.
The arguments for and
against this custom were ably argued in the report of
the New York Clearing House, in November, 1873, and
another report on the same subject is understood to be
preparing by a second committee of the Clearing
House, who favor the payment of interest.
This longdelayed document will, it is hoped, be ready soon, and
both pamphlets might with advantage be laid before
the convention, and might also, being brief, appear in
the Appendix to the Transactions.
Still more important, if possible, is the question of
cash reserves. This subject might with advantage be
discussed from different sides in several distinct papers.
There is, for example, the history of bank reserves in
this country and abroad, comprising the legislation, the
TO
igh rat
slia#il
ribn has
be&i absent Moreover? :t&jp j^blic a
legislative reform into other <diannels.
other plain;rcaflpiWi. rather than on the ground Jojg|ny
permanent chahge of vOpiniontfegMl:Vvthe iniquity
d:
! = is
i h t
r i\ " V* r' J
and impolicy of our usury legislation, we may account
le
the usual
*
i*
which has been perhaps?too
severely oomplaiued of. On Tuesday one of theAb$fls on
this subject was up in the Senate. It proposes i^repeal
for the lack of attention
passed some time ago prohibiting brokers from
eharging: piore than one-half pet Qjept as their commission
for the negotiation of loans.
This law has been evaded so persist ently and with such
open publicity that Jdr- Robertson and other speakers
argued that it should be at once repealed. These gentle¬
men showed, what is perfectly familiar to most of our read¬
ers, that such a law is utterly impossible of being fully jmd
impartially enforced ; and, secondly, that even if this
were not so, the law would injure borrowers of money
than it would protect them, and that in time of
more
panic or monetary stringency, experience shows that the
true way to protect borrowers by law is to adopt Tur¬
got’s maxim, laissez faire, laissez; passer. The law Can
only protect borrowers by giving them the fullest liberty
to deal on equal terms with the lenders.
All attempts to
put down usurious practices by legal penalties fail just
at the point where protection is useful, namely, in a
crisis of stringency; and failing when they are most
wanted they are useless for their pretended purposes as
the law
necessity, and the evils or benefits resulting
Then there is the question of publicity. In
this country, we have so long been accustomed to a
weekly publication in the newspapers, of the deposits,
loans, circulation, and cash' reserves of the banks, that
we can hardly realize the state of public opinion abroad,
where such statistics are regarded as scarcely within the well as mischievous in other respects.
The argument in favor of usury was conducted by Mr.
purview of bank legislation. Excepting the new bank
law of Germany, we do not remember any foreign Gross, who referred to the ease of money, and declared
banking system which exacts so much stringent publicity that the brokerage law had kept in check the practice of
as our own.
usury in Wall street, no complaintshaving been.made in
From the multitude of obvious topics which claim many months. This wholesome statute he deemed an
essential complement of the usury law of this State.
notice we select these points by way of example and
By removing it the usury penalties would be shorn of
as suggestive of what the public and the banking com¬
half their terrors, and the whole fabric of our usury
munity at large will expect from the Convention. We
also may look for interesting evidence as to the late panic, legislation would be weakened and. totter to its fall.
its growth, culmination, and results; and also about the Except some equivalent measure could be enacted in its
alleged scarcity of currency, and the need for a multi¬ place, the brokerage law ought not to be repealed;. Progress was
reported on the bill which appears to have
plication of new national banks in the West and South.
Wo have space to mention but one further topic, veiy little prospect of success in its present shape; for
namely, the effects of the recent legislation upon the although its repeal would undoubtedly weaken the usury
laws and facilitate their repeal, still there are n6t a few
banking system and upon the recuperation of business.
friends of the total extinction of usury penalties who
Papers on this and other subjects should be brief,
pointed, and clear. They should be written in that object on good grounds to granting so insignificant an
instalment of the needed legislation.
simple, terse style in which our bank officers usually
If passed without any modification, the bill we
address one another in their business letters. Facts,,
evidence, the results of experience, the suggestions aris- are discussing would be likely, they argue, to prevent
further reform.
The plan they hold most feasible is
ing"out of actual business,—these and not theories, hob¬
to repeal the usury penalties at a blow, making seven
bies, or dreamy crudities, are what the public will de¬
mand to see in the volume of the transactions of the : per cent, the legal rate of interest in the absence <pf any
Bank Convention of 1875.
If its managers and mem¬ agreement, and securing to every citizen the right now
bers will aim earnestly to do justice to themselves and enjoyed by a few privileged people to stipulate by a
their cause they may hope not only to enlighten popular special contract for the payment of any rate of interest
.inis
is
whatever.
laiever.
This is suusia,iiiia,iiy the tenor of the bill
substantially liuj teuui ux me
opinion and to leave a favorable record before the public,
iich
but also to improve the national banking system and to which passed last year, and was only prevented from
coming
save it both from practical evils and from present and becoming a law by a manoeuvre of Mr. A. B. Corijel^
The success of usury reform this session is, of course,
prospective dangers.
Ibeyond hope. But if its friends will bestir them¬
selves during the next few months, there is little douht
THE USURY CONTEST AT ALBANY.
that public opinion in the agricultural districts may he
Many persons have been disappointed at the neglect, eo enlightened that the chief obstacles to usuiV Te’peah
as they term it, of the usury reform this year
at Albany. will be removed. Those obstacles are found st
Our* farthers
There are, however, many reasons why this and some anywhere else but in the rural districts.
tf
rrc>L\'t‘U
other questions of moment have been crowded out by believe contrary to all experience and against all proof,
others.
Money has been easy in Wall street, and j that usury laws enable them to borrow money
anu
appeal’s likely to continue so for several months to comej ’ rates. This experience and this proof need to b'e*
usage, the
therefrom.
'
.
J
—
*
r.
j
clehriy
Mkf 1, 1875.J
415
THE OHRONICIiE.
they have too
old policy of
obstructing a reform which would do more to help
agricultural growth in this State as well as to stimulate
the development of commercial and industrial wealth
than any other financial regulation which is likely next
year to be mooted at Albany. ;
A great change has been produced in the public senti¬
laid before this class of our citizens, and
much intelligence to persist in their
reduction voted
the right direc¬
to whether it was
terms, 6ur Opinion that the 20 ‘per cent,
on the 19th of February was a step in
tion, though we gave no
Opinion as
whether the best possible
risks On which to make the
reduction. 1 Indeed, several of the companies objected
to it at the time on the ground that it was made on just
the class of risks where reduction was least safe and
least called for, and an examination of the returns of
ment towards usury since the gold discoveries of 1848.
looses and of the general characteristics of the class of
Those discoveries, and the immense accession they
insurances affected shows that there may be reason for
brought to the movable wealth of the commercial the
objection, and yet before an actual ‘determination
world, have given such a stimulus to industry all over
can be reached more light is heeded.
Of course, in say¬
Christendom that the demand and supply of floating
ing this, we are not to be understood as taking sides in
done in the best manner or
selection had been made of
34781
capital have been enlarged to prodigious dimensions.
The swelling volume of monetary transactions and the
enormous pressure of the financial movements have
broken down all the old medieval restrictions upon
usury, and France, England and other nations have
found a better preservative against the oppression of
lenders by borrowers. This safeguard, as we have said,
they found in the old maxim of the French financier
Turgot, which was developed by J. B. Say, and by Adam
Smith, and gradually forced its way into .modern juris¬
prudence. In conformity with the enlightened policy
thus established in Europe several of our States have
repealed their usury laws within a few years. The axiom
is now recognized everywhere, except in a few less pro¬
gressive districts in this State and elsewhere, that money
like water will find its own level, if we leave it freely to
itself and to the operation of natural laws.
favor of either
party to the
dispute; our only purpose
discussion which shall finally
equities of the case as affecting insurer*
and insured, whose interests are, of course, identical.
Examining, then, the returns of losses by the different
companies for the two fiscal years of 1873 and 1874, we
find that they may be divided into three classes known
as “ merchandise risks,” “ dwelling-house risks,” and
“special risks.” Concerning 'the last-named, nothing
need be said, as it is well known that they include risks
on which each company is at liberty to fix its own pre¬
miums according to the judgment of its officers. The
first class includes large buildings—mostly down town*
being to elicit truth by
determine the
of course—used for
offices, warehouses, storage
Wc.> and usually containing
goods.
The “dwelling-house
stores,
large stocks of valuable
risks” include buildings
dwellings, some
portion of the structure being in many cases occupied by
FJRB INSURANCE RATES.
retail stores. The 20 per cent reduction was voted on
The retirement this week of four companies from the
merchandise risks ” alone, and the proportion which
Board of Fire Underwriters has been much commented on they bear to the total losses paid, and to the “ dwellingby the daily press—perhaps to a greater extent than its house risks ” is shown in the following table—the “ spe¬
real importance would warrant.
The reason generally cial risks ” being omitted :
Per Cent
Per Cent.
assigned for this withdrawal has been that the majority Year. Gross Losses.
Risks.
of Whole. Dwellings, etc. qf Whole]
301
of the companies represented in the Board do business
87-38
$104,030
$1,292,073
$3,456,058
1103
165,034
35*9
537,181
1496,258
outside as well as inside the city, and have shown a dis¬
5*43
36 9
$269,064
position to keep up rates in the city beyond what would
$1,829,254
Total.. $4,952,316
be a perfectly safe limit to compensate them for doing
In explanation of the apparent discrepancy between
unprofitable business outside. Based on this, some of
the amount of losses here given for 1873, and those
our contemporaries have ventured to predict and to ac¬
count for the speedy dissolution of the Board, all the given last week, it may be stated that the returns here
time gravely arguing that nothing less could be expected given are for the fiscal year ending April 30, while in the
!when the conduct of some members was such as to force article referred to they were made up for the calendar
other and more virtuous ones to withdraw from all asso¬ year ending December 31. •
From this table it is seen that the reduction was made
ciations with them. On the other hand, the companies left
in the Board—numbering about a hundred and seventy— on the class of risks on which, in the two years named,
nearly 37 per cent of the total losses have been inciirred,
say that the seceders are of less consequence than
claimed, and are actuated by the desire simply to eman¬ while no reduction has been made on the other class on
which less than 5-J per cent of the whole losses accrued.
cipate themselves from the obligation to charge not less
than certain specified rates.
In other words, that they— This seems to show prima facie, that the selection may not
the seceders—want to become, so to speak, “free have been the most judicious one, especially if it is true
as decidedly asserted, that the
“ dwelling-house risks ”
lances,” privileged to charge what rates they please or
what they can get. Into the merits of this quarrel pay a much larger percentage of the profits than the
others, although on this point (and it is really the im¬
We have no desire to enter, believing it to be of little
consequence except, perhaps* in so far as it may be an portant point in the whole discussion) it is found impos¬
indication of healthy discussion going on within the sible to collect exact statistics.
It is also urged against the propriety of a reduction
companies, which must in the end be beneficial to all
on merchandise risks that they are taken on buildings
parties. There is not the slightest danger of a dissolu¬
tion of the Board, and should such a thing take place which, being as a rule very high, very deep, and situated
on narrow streets, the chances of loss On them in case of
another one would inevitably be formed at once.
We have already alluded to the question of reduction a large fire are very much increased, and that from their
in rates in the city, and have given our reasons at length value an extensive conflagration might entail such an
for thinking that some such reduction was "practicable aggregate loss as would not only seriously damage but
and for the best interests of all parties concerned. We even wipe out of existence entirely many companies. This
Jafe> took occasion at the same time to‘exprO&&,'ih g£heral Tieinfr the/c^el it is claimed 'that- the sound mercantile
used in whole or in greater
part as
“
<•
an
.
rule of “ tte greater the danger the greater the charge ”
should be enforced, and consequently dissatisfaction
exists
[May 1,1876.
THE CHRONICLE.
4i6
the part
total of u other securities” has
thus
showing
well
as
off to the extent of
£1,477,050
material abatement in the demand for money, as
a
run
considerable repayment of advances.
a
In the other
companies with the action of items of the return there are no changes of importance. The
the board; many even which were at the outset most in rates of discount have had a downward
tendency. Annexed are
favor of the reduction, refuse now to write policies on the quotations now current:
Percent.
Percent.
merchandise risks, except in rare cases.
Other com¬ Bank rate
3%
4months*bank bills...... 3%ft8%
6 months'bank bills
8%ft4
panies, we are credibly informed, refuse to be bound in Open-market rates:
30 and 60 days’ bills
4 and 6 months’ trade bills. 4 ft4%
3%ft3%
8 months’bills
3*ft3%
any way by the reduction, though most of them, we
The rates of interest allowed by the joint-stock banks and dis¬
believe, prefer to stand by the action of the board, even
count houses for deposits are as under :
when not altogether approving it, rather than, by any¬
Per cent.
Joint.stock banks
2#®....
thing like factious opposition, appearing to help to crip¬ Discount hoases at call
2%ft. .!
Discount houses with 7 days’notice
2%ft
ple its usefulness.
Discount houses with 14 days’notice...
2%ft....
The following are the rates fdr money at the leading cities
What, if any, change will eventually be made in the
abroad:
rates it is impossible to foresee, nor is it best that any¬
Bank Open
Bank
Open
rate, market
rate, market,
thing should be done suddenly, but it is proper that this
per cent, per cent.
per cent, per cent,
4
Turin, Florence and
3%
and kindred questions should be freely discussed for the Paris
Amsterdam
6
Rome
4)4
3%
8)4
3
Antwerp
benefit of both insurers and insured. One point, how¬ Hamburg
Berlin
4
Bremen
8
!* i*
8)4
2%
Leipzig
ever, is beyond dispute; and that is if New York risks Frankfort
5
Vienna and Trieste....
Genoa
4)4
4)4
4
\*
Geneva
are and for a series of years have been paying a larger
Madrid, Cadiz and Bar¬
celona
6
6@8
Copenhagen
Lisbon and Oporto....
New York.
4
8)4
profit to the companies than outside risks, some reduc¬ St. Petersburg
Calcutta.,
8%
6
5
tion should be made in rates—that is, they should be Brussels
4
3%
adjusted so as to conform to that fact. What our Annexed is a statement showing the present position of the Bank
merchants demand is simply tLa* the business of each of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
part of the country should stand on its own merits. If
Upland cotton, of No. 40 Mule yarn fair second quality,
by reason of increased attention to our Fire Department and the Bankers' Clearing House return, compared with the
and its greater cost to taxpayers, the percentage of loss four previous years :
1871.
1874.
1875.
1872.
1878.
here is less than anywhere else, let us have the benefit
£
Circulation, inclnding
£
£
£
£
on
of
many
.
...
..
• • •
•
en.
-
bank
post bills
deposits
Other deposits
of it.
26 229.663 26,583,347
0.061,528 12.116,758
8,441,172
20,092,554 21,038.322 20.774.114
Government securities. 12,938,529 13,304,056 13, S'-0,963
Other securities.
20,584,916 24,105,331 26,637,581
24,785,633
Public
latest filottetarn anil Commercial (English Nens
RATES OF EXOHAIVOB AT LONDON, AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON—
APRIL 16.
Reserve of notes and
coin
Coin and bullion in
both departments....
Bank-rate
Console
OH
TIMS.
-
LATEST
BATE.
DATS.
TIME.
BATE.
English wheat
Mid. Upland cotton
Antwerp
Hamburg
short.
ll.14Xftll.15X
3 months. 25.50 ft25.55
20.79 ft20.83
April 16.
short.
14
it
...
Paria
short.
8 months.
Paris
Vienna
Berlin
Frankfort....
St. Petersburg
Cadiz
90 days.
Lisbon
8 mouths.
Milan
Genoa.
Naples
60 days.
New York
Rio de Janeiro
Bahia
Buenos Ayres..
....
•
.
•
•
.
•
•
.
•
•
.
•
*
25.1?%®25.27%
25.47% ft 25.5-%
11.35 ftll.40
20.79
20.79
ft20.83
ft20.83
32%
48%ft48%
52*ft52%
27.72% ft27.b0
•
•
•
•
•
Bombay
m
II
3
m
„
mos.
.
.
....
....
®
®
8
8
S
a
®
60
•
60
• •
•
.
•
•
•
Hong Kong...
Shanghai
•
•
•
•
•
•
•
•
.
.
.
Is. 9%d.
Is. 9%d.
48. 0%<f.
5s. 6%d.
.
Penang
Alexandria....
[From
money
introduction of
days.
$1 87
*
•
*•
•
•.
•
•
..
oar own
April 15.
April 12.
April 8.
| April 15.
1 Aprii 14.
6
mos.
•
•
•
•
•
•
•
•
....
3
mos.
Is. 10 9-lfid.
Is. Hi%d.
4s. 2 %d.
5s. 9d.
96%
correspondent.]
Russian loan for £15,000,000 and a Stock
Exchange settlement having had no perceptible effect. The
supplies of idle money are very abundant, and they are likely to
remain so as long as the public are so timid about new undertak¬
ings, and trade is so contracted. At the present time we are
paying at the rate of £15,000,000 a year less for foreign grain, and
this circumstance is obviously calculated to create an abundance of
loanable funds. There are no indications at the present time of
an improving
money market, the probability being that the rates«
of discount will remain at a low point until the autumnal demand
shall have set in.
Nor is there much likelihood of any important
movement in the bullion market.
At present small supplies of
gold are being sent into the bank; but it is expected that the
German Government will re-appear as a buyer as soon ns there is
another large supply from Australia on the market.
The Bank return published this week shows a slight improve¬
ment, the proportion of reserve to liabilities having increased
from 35i to 88± per cent, The chief feature in it is that the
5d.
43s. Id.
57s. 6d.
7%d.
52s. od.
Is. 0%d.
la. 4d.
59s
9%d.
8d.
8%d.
Is
Is. 2%d.
Is. Id.
79,207.000 122,589,000
0%d.
93 999.0(0
gold for export, and some small
supplies have been sent into the Bank. The silver market has
also been very quiet. The quotations are as follows :
demand for
no
8.
BOLD.
Bar Gold
Bar Gold,fine
Bar Gold, reflnable
per oz.
per oz
per oz.
per oz.
Bar Silver, Fine
Bar Silver, containing 5 grs.
Mexican Dollars
peroz.
per oz.. none here
per oz. standard,
Gold, per oz. do
d.
standard. 77 9
standard. 77 9
standard. 77 11
Spanish Doubloons
South American Doubloons
8.
d.
ft
....
....
d.
0.
ft ...
ft ....
ft....
....
©
ft
....
8.
....
d.
9)4
ft....
do
4 9 11-16®.,..
per oz. last price. 4 8 %
ft ....
per oz., none here
....
....
Spanish Dollars (Carolus)
....
London, Saturday, April 17,1875.
market continues to rule extremely quiet, the
a new
3)4 P- c.
92% d.
93#d.
53s.lid.
11 3-16d.
4 p. c.
SILVER.
....
«
•
days.
22,232,829
Five Franc Pieces...
nearest. 4
peroz.
...
....
The Chancellor of the
.
«...
18,286,691
8,800,985
92* d.
®
©
April 16.
19,220,443
20,907,205
3)4 p.c.
93*d.
22.473.118
2)4 p. c.
93%d.
United States Gold Coin
....
.
•
20.42
20.62
83 3-16
....
Calcutta.
The
ii
lii.os
a
....
Pernambuco..
Montevideo...
4%
8 mos.
short.
.
.
Valparaiso
....
April 16.
27.72%ft27.80
27.72%ft27.80
....
.
....
short.
11.76
25.24
20.43.
25.20
13,803 274
18 017.255
13 538.116
22.238.650
21 635,513
4 p. c.
Clearing House return. 98,516,000 139,065.000
There is
Amsterdam...
4.631,965
19.064,197
10,801,940
10,822,318
2d
quality
6,687,952
10,979,229
13,255,048
..
No.40 mule yarn fair
EXCHANGE ON LONDON.
27,473,057
26, *21.797
Exchequer delivered his annual financial
statement on Thursday, and as was to be expected no remissions of
taxation are proposed. The Brewers’ licenses are to be re adjusted
by charging 12s. 6d. for every fifty barrels of beer, which would
prove to be advantageous to the small brewers, and would cost
the revenue about £60,000.
The present stamp duty of 5 per
cent, on written appointments is to be changed into a uniform
duty of 5s. per £100, but from this no effect upon the revenue is
anticipated. The other changes to be made have reference to
local taxation, and are of importance only because they are calcu¬
lated to be improvements.
The year’s surplus has been only
£593.883. The estimated expenditure for the present year is
£75,266,000, viz.:
Interest on debt
Consolidated debt
£27,215,000
1 590,000
14.678 000
charges
Anny
Army purchase
Navy...
688.000
10.785.001
12,656,000
8,636,000
civil service
Revenue co.lection
1,098,000
Telegraph.
878,000
Packet service...
Total
£75,266,000
expenditure
While the
revenue
is estimated
as
follows
:
£19,500,000
27.800,000
Customs
Excise
10,600 000
Samps
2,450,000
Land tax and house duties
Incom.- tax.
Post office
Telegr phs
Crown lands
Miscellaneous
Totalrevenue
8.900,000
5.750,000
—
1,240,000
385,000
4,100,000
£75,635,000
With
regard to the public debt, Sir Stafford
total amount of the
«
417
THE CHRONICLE
May 1, 1875 j
Northcote said:
national debt on the 31st March
on the 3lst March, 1875, it was
debt the
same
amount
which it
before 1860, that is to say, to
w; 0
and having brought it i*p to
up to £28,000,000
that amount, instead of employing auy
bring it
a year,
surplus we may have
£779/283,009, and
simply to redeem debt, we shall keep the payment at the fixed
£775*553,000, showing a diminution of £3,729,000 in the year. amount of £28,000,030 a year permanently ; that we shall pay
But not only was there this alteration in the total figures, but £28,000,000 a year to the Commissioners of the national debt, and
there has been in the torm in which the debt now exists. On the that they sliall apply the balance, above what is required lor the
3lst March, 1874, the funded debt was £723.500,000 ; .terminable payment of debt, to the redaction of further stock. The rate at
annuities, £51,289,000; unfunded debt, £4,4/9,000.
In March, which I should propose to fix the amount would be this : I should
1875. the funded debt had diminished from 723 millions to propose to fix the amount at £27,400,000 for the present year.
under 715 millions ; the terminable annuities had risen to For the next year, 1876-77,, it would be £27,700,000; and for the
£55,358,000 ; the unfunded debt to £5,237,000. Of the terminable year 1877-78 it would be £23,000,003. I have no doubt that given
annuities upwards of four hundred thousand were created last an ordinary state of circumstances and an ordinary rate of rev¬
year by the conversion of seven millions of stock. The fortifi¬ enue, we shall, without distressing the country, be able to bring
cation terminable annuities amount to £750,000, Exchequer bonds up the charge on the debt to that amount.
£1,000,000, and I may add, to the credit of Sir William Jervoise
In the Stock Exchange, business has been quiet. At one period
that the fortification account is now practically closed, and
the tone was dull, owing to some disquieting rumors from the
that the whole expense has been within the estimate. The reduc¬
1874, Was
national debt is a subject upon which Chancellors
of the Exchequer have frequently addressed the House of
Commons.
For myself I am no enthusiast on the subject.
I neiiher think that anything should be sacrificed for the
sake of redemption, nor, on the other hand, would I incline to the
view that the only point was to keep Consols at 92 ; I do think
that the country should make gradual and steady,not sudden and
tion of our
spasmodic, efforts for the reduction of the national debt. So far
as the present day is concerned, I do not think that Parliament
has much reason to be proud of its exertions for the reduction of
the national debt. We are doing something material, it is true,
but far from doing as much as we might.
We are paying this
change £27,200,000, but let us remember that up to 1360
paid less than £28,000,000, and very often much more,
year on
we never
ask the committee to make a comparison between what
we were doing in 1859 and wliat we are doing now.
In 1859, we
paid in interest on the national debt £28,673 000 ; this year we
bet
me
pay only £27,09 . ,000,being a million and a
Bince that time we have had remission
half less than in 1859.
of. taxation of great
amount, whilst the produce of the income tax has increased from
£1,150,000 to £1,900,0 )0, in each penny imposed. Here we
have an increase of 65 per cent, in our income, and one
only 5 per cent, in the redemption of our debt. Since 1829
we have been acting on the debt partly by the present system of
the sinkiug fund, and partly by terminable annuities.
We have
done a good deal in the way of creating new terminable annui¬
ties, but before that there were those long annuities which ex¬
pired in 1860, and there had been those other annuities granted
by lives and otherwise, which had reduced the debt at the rate
of £800,000 a year.
The sinking fund has redeemed since 1869
£40,000,000 of stock ; but in the course of those years we have
added to our debt on account of the Irish famine £8,000,000; on
account of the Crimean war £35,000,000 ; on account of the slave
compensation £20,000,000; and for the purchase of telegraphs
£10,000,000, making a total of £73,000,000; against which the
ordinary sinking fund has only provided us with a reduction to
the amount of £40,000,000.
Therefore if we had only the sinking
of
fund
been
to
trust to
we
should have found that
we
should
not
have
successful in the payment of the debt; but
we
paid off' through terminable annuities £120,000,000,
showing the advantage of a regulai system of procedure,
very
have
and have heard it said that we ought to maintain the principle of
the sinking fund of 1829. and that anything we do which differs
from that sinking fund is contrary to principle, and we are also
told—what is
perfectly true—that the only way to relieve debt is
by the surplus ot revenue over expenditure. Well, Sir, nobody
has doubted the absolute truth of that axiom, at all events since
the Finance Committee of 1858, but it does not follow that you
do that only by these casual surplices.
Well, the terminable
annuities are, no doubt, very useful and very advantageous ; but
there are drawbacks to that system.
In the first, if yuu were to
can
Continent; but
more
firmness is
now apparent, although
business
is far from active.
The
last
closing prices at to-day’s market, compared with those of
are as follows :
•
week,
Redm.
April 10.
9i#@ 93#
1S81
1882
108 ©100
10J#@lu5#
1884
1885
1885
108
106
Consols
United Stales, 6s
Do
5-20 years, 6s
Do
Do
Do
6s
6s
8s
U. S. 1867,$371,346,350
5s
Do
Do funded, 5s
Do 10-10, 5s
iss. to Feb. 27/69, 6s... .18,87
1881
..1904
6s
levee, 8s
new,
do
do
Do
1815
8s
6s
1888
1894
1000
..1889
1891
.-...1891
5s
5s....;.
5s
5s
5s
*6s
New funded 6s
1905
AMERICAN DOLLAR BONDS
do
(Tunnel) 1st mortgage. 6s,
(guar, hy Pennsylvania & No. Cent..Raiiway). 1911
Central of New Jersey, cons. mort.. 7s
1899
Central Pacific of California, 1st mort., 6s
Do
California & Oregon Div.,
107#@10S#
@
@
103 @103#
lb2#©103#
101#@102#
!03 @103#
@ ..
@
@
25
25
@ 35
@ 35
99 @101
100
99
99
99
99
30
48
@102
@101
@101
@101
@101
@
@ 33
@ 50
1896
1892
mortgage gold bonds, tts....
1875
1815
38
16
@
@
8#@
51 @
87 @
40
18
9#
53
89
...
© 35
@ 35
99 @101
100
99
99
99
99
©102
@101
@101
@101
@101
@
30
48
....
@ 33
@ 50
38
16
@ 40
@ 18
8#@ 9#
51 @ 53
67 @ 89
87 @ 89
93# @ 91#
88 @ 89
87 @ 89
93# @ 91#
69 @ 90
83# @ 84#
83#@
57 @
57 @
27 @
....@
37 @
59# @
@
....©
57
57
@ 62
@ 62
26#@ 27
....©
37 @ 39
....
preference, 7s
conveitible gold bonds, 7s
1904
1897
1879
1883
1911
59# @ 60#
@
@
....©
....@
90# @ 91#
...
...
....
....
....
1923
87#@ 88#
1891
97
...
....©
84#
62
62
27#
....
39
60#
...
....
....
....©
@ 92
91
87#@ 88#
@100
97
© 46
...@
42
@100
gold
19-4
bonds, English, 7s
New York Boston & Montreal, 7s
New York Central & Hudson River mortg.
New York Central $J00 shares
Oregon & California, 1st mort., 7s
do
Frankfort ommit’e Receipts,
Pennsylvania, $50 shares
Do.
25
25
1st
Detroit & Milwaukee 1st mortgage, 7s
Do
2d mortgage, 8s
Erie $100 shares
1st mortgage, 7s
2d mortgage, 7s
3d mortgage. 7s
Galveston & Harrisburg, 1st mortgage, 6s
Illinois Central, $100 shares
Lehigh Valles consolidated mortgage
Marietta & Cincinnati Railway, 7s
Missouri Kansas & Texas, let mort., guar,
@105#
@11)7
106
AND SHARES.
Atlantic & Great Western 1st M., $1,000, 7s...1902
2d mort., $1,000, 7s..1902
Do
Do
3d mort., $1,000
1902
Atlantic Missiseippi & Ohio, Con. mort., 7s
1905
Baltimore & Potomac (Main Line) lstm<>rt, 6a.1911
Do
Do
Do
Do
Do
105
@
@
Virginia stock 5s
Do
1U7#@108
....
Massachusetts's
Do
Do
Do
Do
Do
@
@108#
© 07
...@
Louisiana, old, 6s
Do
Do
Do
Do
@
1874
.
April 17.
93#@ 93#
108 @109
101#@102#
1903
bonds..
1890
x coup.
1st mort., fis.
1880
Philadelphia & Reading $50 shares
42
...
10t#©102#
90
27
24
@ 91
© 29
© 26
49# @ 50#
@
50 @ 51
...
....
© 46
....@
....
101 #@ 102#
90 © 91
27 @ 29
21 @ 26
49
@ 50
....@
50 @ 51
Pittsburg Fort Wayne & Chicago equipment
iuto the open market and redeem the debt by terminable annu
98 @100
bonds (guar, by Pennsylvania Go.). 8s
98 ©!00
ities, you would not find them very readily taken up on terms of Union Pacific Land Grant 1st
86 @ 88
mort., 7s
1889
86 @ 88
a satisfactory character; and we are therefore obliged to have
86 @ 83
Union Pacific Railway, 1st mortgage, 6’s
88 @ yo
..1898
recourse to money under our own control in the savings banks,
AMERICAN STERLING BOND8.
and invest it in these terminable annuities, and thereby increase Alleghany Valiev, guar, by Penn. R’y Co
1910
87# ^ 88#
87#@ 88#
Atlantic & Gt. Western consol, mort., Bischoff.
your stock.
You might say that the Government in doing so
9 @ 11
certs, (a), 7s
1890
9 @ 11
were not making the best use of the deposits by investing
them Atlantic & Gt. W., re-organization scrip, 7s.. .1874
@
@
Do.
do.
leased lines rental trust, 78.1902
53 @ 53
53 @ 58
in this way;
because if they went into the open market
do.
do.
Do
23 @ 28
1873, 7s. 1903
23 @28
they would not get so much for them. I have also another
Do.
do.
Western extension, 8s
1876
@
@
objection against them, and that is that they produce a Baltimore & Ohio, 6s
1695 103#@10I# 103#@104#
Do
6s
1902 103# @104# 103# " 104#
kind of spasmodic action ; because you are paying a large sum for
1910 105 @106
Do.
6s
105 @106
them now, which in the space of some years hence will suddenly
1902
@
...,@
fall in, and which would consequently come into the hands of the Burlington Cedar Rtpids & Minnesota, 7s
Cairo & Vincennes, 7«
52 @ 56
52 @56
1909
then Chancellor of the Exchequer to do what he might like with. Chicago & Alton sterling consol, mort., ris.
99 @100
1903
98#@ 99#
@
@
We have had some experience on this subject. The long annu¬ Chicago & Paducah 1st mort. gold bonds, 7s...1902
87 @ 89
87 @ 89
ities to which I have already alluded, which fell in in 1860, Cleveland, Codimbus. Cin. & Ind. con. mort
Eastern Railway or Massachusetts, 6a
96 @ 97
1893
95#© 96#
amounted to some £2,000,000, and when they tell in the then Erie convertible bonds, 6s
1875
96 @ 98
97 @ 99
86 © 87
86# @ 87#
Chancellor of the Exchequer—my right lion, friend the member Do. cons. mort. for conv. of existing bonds.7s.1920
second mort, 7s
57 @58
1894
57# @ 58#
for Greenwich—brought forward a new Budgtt with a new style Do.
Gilman Clinton & Springfield 1st mort gold,7s.. 1900
75 @ 80
77 @87
of finance, involving a new remission of taxation, which he was
Illinois & St. Louis Bridge 1st mort. 7s
95 @ 97
1900
95 @ 97
Do.
do.
2d mort., 7s
77 @ 79
77 @79
enabled to make to a great extent by the reduction of the in¬
Illinois Central, sinking fund, 5s
89 @ 90
1903
88#@ 89#
terest charged upon the debt from about £28,000.000 to £26,000,Do.
do
1895 1U2#@103# 102# @103#
000, and it has taken us all this time to get the charge up again Illinois Missouri & Texas 1st mort. 7s
i8.il
@
....@
to £27,000,000. The same thing may happen again on a larger scale
102 @103
Lehigh Valley con->ol. mort.‘‘A,” 6s
102 @103
86 @ 88
19 2
86 @88
in 1885, and you will also find that if you attempt to deal with the Louisville & Nashville, 6s
99 @101
Memphis & Ohio 1st mort. 7s
1901
99 @101
large amount which will then fall in in the same way, there Milwaukee & St. Paul, 1st mort. 7s
.1902
87 @89
87 @ 89
go
...
...
...
....
...
...
...
....
.
..
...
....
....
"ill
be
great
Therefore
I
difficulty
wish
the
in
finding
Committee
the
to
necessary stock.
consider
whether
it is not
possible to devise some plan which will put us in the
way of securing a more regular and constant action on the
national debt. The proposal which I have to make is this, that
we shall set before us as an
object to be accomplished that we
shall airive
at
the
point of making the charge of
our
national
New York & Canada K’way, guar, by the Dela¬
ware
Hudson Canal scrip, 6s...
1904
N. Y. Central & Hudson Uiv. mort. bonds, 6s.. 1903
Northern Central R’way. consol, mort., 6s
19G4
Panama
general mortgage, 7s
Paris & Decatur
1897
1892
;
Pennsylvania eeneral mort. 6s
Do.
Do.
consol, sink'g fund
do. £10 paid
1910
mort. 6s
1905
100
@101
106#@!07#
90#@ 91#
100 #'@101#
106# @<07#
91 @ 92
94
95
@ 97
83
80
@ 85
@96
@86
102 @103
98# @ 94#
2#@s#pm.
102#@103#
94
@ 95
8@3#pm
95 @ 97
1913
RR.)6s.l920
Ex 5 coupons,
cable, as shown in
following summary:
London Money and /Stock Market.—American securities have
shown an advancing tendency during the past week, 67’s touch¬
ing the highest point of the year to-day.
April 17.
96 @ 98
96 @98
86 @ 88
104 @106
98%@ 99#
98 @99
87 @89
87 @ 89
96 @98
101%@102%
101%@102%
pool for the past week have been reported by
93
98
93
83
@106
98%@ 99X
98%@ 99 J4
89 @ 91
April 10.
Redm.
j
Perkiomen con. mort. (June ’73) guar, by Phil.
& Reading, 6s
Phil. & Erie 1st mort. (guar, by Penn.RR.) 6s. .1881
Do.
with option to be paid in Phil., 6s ...
Phil. & Erie gen. mort.(guur. by Penn.
Phil. & Reading general consol, mort. 6s
1911'
Do.
imp. mort. ,6s
1897
Do.
gen. mort., 1874, scrip, 6’s
South & North Alabama bonds, 6s
*
St. Louis Tunnel 1st mort. (guar, by the Illinois
& St. Louis Bridge Co.) 9s
.1888
Union Pacific Railway, Omaha Bridge, 8s
1896
United New Jersey Railway and Canal, 6s
1894
Do.
do.
do.
do.
~ 6s
1901
*
the
@
@
@
@
96
96
96
86
104
@ 88
@ 99
86
97
101%@102%
101%@102%
dispute between the Pennsylvania
during the week.
Railroad
has authorized a guaranty upon any
it has always been done over the signa¬
ture of its officers, accompanied by the corporate seal, upon the
bonds so guaranteed.
Every such real guarantee of the Penn¬
sylvania Railroad Company has invariably been fulfilled to the
day/'
The Russian loan of <£15,000,000 introduced by Messrs. Roths¬
child & Sons was in a 4£ per cent, stock at 92. The price is con¬
sidered very high, and there has not consequently been much
enthusiasm about it. The subscription list was closed yesterday.
Trade in the manufacturing districts has been very quiet dur¬
“
bond of another company
ing the week, but the variations in prices have not been import¬
ant.
A report from Manchester states that the demand for cloth
goods is everywhere slow and for small quantities, and buyers
are operating with great circumspection in all departments.
For
the present their actual wants are few, and after the recent large
business it is scarcely possible that orders can have accumulated.
Moreover, there is not in the present aspect of business, either at
home or abroad, any very encouraging feature. The position of
the cotton market is also, on the whole, regarded as unfavorable
policy of abstention; for, although present indications
a crop of American less than that of last season, the compar¬
atively small quantity taken by American spinners from the ports
has left an ample supply for Europe.
And as spinners, at least
in England, hold very full reserves, and the stock in Liverpool is
of fair extent, no apprehension is felt of any early upward move¬
ment in the raw material.
Hence, on all sides, circumstances
a
favor
the moment to favor a policy of caution, and this is
evidently the view upon which all classes of buyers are just now
acting. Prices are slightly in buyers’ favor in several depart¬
ments, but more especially in the case of yarns. Goods are, as a
rule, steady in those sections where the production is at all deeply
engaged, but elsewhere a slight decline ip observable. At Leeds
the trade has been inactive, but, on the whole, the price of wool¬
len goods has been maintained. At Huddersfield a limited in¬
quiry has prevailed for woollen goods, hue on the whole prices
have ruled steady.
The lace trade of Nottingham, however, has
been fairly active, but at Dundee business has been very quiet,
and jute, owing to liberal arrivals, is rather cheaper.
The iron trade has been dull, and large supplies being on offer
appear at
quotations are somewhat easier.
In the value of wheat there has been no important change.
On the whole, a steady tone has prevailed, and the quotations
have, in some instances, slightly improved. ' The weather during
the week has been dry and somewhat cold.
Vegetation makes,
therefore, slow progress ; but a healthy and strong development
is taking place. Hence, the agricultural prospect is considered to
the
be very encouraging.
The following figures
1872-3.
27,367,379
Barley
9.618,874
10,668,173
Oats
Peas
Beans
5,075,407
1.067,955
1,504,297
5,833,234
Indian Corn
Flour
8,970,778
4,432,188
9,636,010
4,242,063
12,947,663
4.520,566
Oats
Peas
Beans
Indian Corn
Flour
1,561,289
223,220
48,604
15,722
-.
.
..
1,561
37,190
42,727
6,167,102
855,304
1,660,283
•
68,779
9,447
2,232
95,530
95,244
166,397
Frankfort were:
99
99%
“
“
Corn
spr).$ ctl
(Red Winter).... “
(Cal. White club) “
(W. mixed) $ quarter
auarter
Peas(Canadian).
Liverpool Provisions
lower.
6d.
s.
.
cl.
8.
d.
21
8
0
9
9
4
4
9
21
8
9
9
34
0
2
0
2
6
6
42
6
4
34
42
9
on
9
9
34
42
2
6
34
42
Market.— Cheese, lard
Beef advanced 13d.
Thur.
8.
d.
0
21
8 2
Wed.
8, d.
21 0
8 2
9 0
Tues.
Mon.
d.
6
off
Thursday, but fell
21
8
9
9
34
42
0
2
6
6
bacon
and
Fri.
(1.
s.
0
2
0
3
9
6
all
are
again to 72s.
to-day.
Mon.
8. d.
72 6
76 6
52 0
68 6
74 0
Sat.
8.
6
6
0
6
0
72
76
52
63
74
Beef (mess) new $ tee
Pork (mess) new $bb!...
Bacon (long cl. inid.)$ cwt
Lard (American)....
OheesefAmer’n fine)
d.
“
“
9
9
0
51
67
74
9
6
0
51
68
74
Thur.
s. d
73 0
76 6
51 6
Wed.
s.
d.
72 6
76 6
Tues.
s. d.
72 6
76 6
.
67
73
Frid.
72 6
s.
76
51
67
73
9
0
6
6
9
0
Liverpool Produce Market.—Tallow declined on Tuesday to
9d., which was recovered the next day. Common rosin is 3d.
lower. Other prices steady.
41s.
8.
s.
d.
8.
d.
Wed.
8. d.
5
17
9
0
5
9
0
5
17
Tues.
Mon.
Sat.
d.
6
0
Fri.
Thur.
d.
s.
5 6
17 0
s.
9
0
Petroleum(reflned).... $ gal
9%
9%
9%
9%
8
0
0
0
8
9
0
0
8
8
0
0
0
6
0
9%
8
0
0
0
d.
5
Rosin (common)... $cwt.. 5
“
fine
“
17
“
(spirits)
rallow(American)...$ cwt. 42
Cloverseed (Am. red)., “
37
Spirits turpentine
“ 27
42
37
27
17
41
37
27
42
37
27
42
37
27
0
0
0
17
9%
3
42
37
0
0
27
0
Markets.—Linseed oil shows a falling
The following are the quotations :
London Produce and Oil
off for the week of fid.
Sat.
£ s. d.
on spot, $ cwt
24
Sperm oil..... $ tun. 110 0
Whale oil...“
36 0
Linseed oil....$
cwt.
0
0
53 0
0
Lin8’dc’ke(obl).$ tn 11 5
Linseed (Calcutta)....
58
Sugar(No.l2D’ch std)
Mon.
Tues.
£ s. d. £ 8. d.
24 0
0
5
11
11 5
0
58 0
Wed.
Thur.
Fri.
£ 8. d. £ s. d. £ s. d.
11
24 0
0 110 0 "0 110 0 0 110
0 36 0 0 36 0 0 36
25 9
25 9
25 6
5 0 11 5 0 11 5 0
58 0
58 0
55 0
24 0
24 0
24 0
25 6
25 3
25 3
0 0 110 0 0 110 0 0
0 0 36 0 0 36 0 0
(ftuimmercial aitb iiltGccUaiuous News.
Imports and Exports for the Week.—The imports this
decrease in dry goods and an increase in
The total imports amount to $6,877,943 this week,
general
week show a
merchandise.
against $6,117,777 last week, and
$8,878,316 the previous week.
$5,616,840 last
The exports are $3,902,249 this week, against
week and $4,151,269 the previous week. The exports
the past week were 11,747 bales, against 4,566 bales
The following are the imports at New York for week
dry
of cottoD,
last week.
ending (for
goods) April 22, and for the week ending (for general mer¬
chandise) April 23:
TORSION IMPORTS AT NSW YORK TOR
1872.
Dry goods
General merchandise...
$3,063,711
10,040,399
THB WEEK.
1875.
1873.
1874.
$2,088,748
$1,840,321
8,252,015
5,388,553
$7,228,874
$1,591,064
5,286,819
$6.877,913
$13,104,110
$10,340,763
130,519,561
139,526,585
13u,944,307
112,994.068
$143,623,671
Total for the week..
Previously reported....
Since Jan. 1
$149,867,348
$138,173,181
$119,872,011
8 353,251
In our report of the dry goods trade will be found the imports of
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
12,093,558 from the
port of New York to foreign ports,for the weekending
2,071,438
5,825,453
516,807
2,260,863
April 27:
2,042,541
14,151
10,872
86,446
7,180
4,891
10,767
5,633
1,159
22,047
13,329
105%
109%
103%
102%
109%
98%
....
....
21 0
8 4
9 4
9
4
34 .9
42 6
$bbl
Flour (Western)
Wheat (Red W’n.
,
19,793
45,764
1872.
Fortheweek
Previously reported....
markets of London and Liver- l
$3,244,186
64,800,504
TOR THB WEEK.
1875.
1873.
1874.
$5,355,290
$7,295,229
81,767,856
83,213,721
$3,902,249
$72,860,258
$76,271,507
The following will show the exports of specie from the port of
Since Jan. 1
$68,044,690
$87,123,146
$90,508,950
week ending April 24, 1875,
beginning of the year, with a comparison for the
date in previous years:
New York for the
103%
102%
98%
....
s.
Eugllih Market Reports—Per Cable.
The daily closing quotations in the
103%
102%
EXPORTS TROM NEW YORK
172,801
155,521
Barley
103%
102%
Sat.
EXPORTS.
CWl.
102
1871-2.
cwt. 22,430,065
Wheat
105%
108%
Liverpool Breadstufls Market.—The market for breadstuff's
Wheat is off l@4d, while corn though lower on
Tuesday recovered the decline, and at the close is quoted same as
on Saturday last.
25,506,029
Wheat
5,846,786
642,658
2,894,854
105%
108%
93%
closes firm.
IMPORTS.
29,662,113
105%
108%
103%
Fri.
Liverpool Cotton Market.—See special report of cotton.
produce into and from the United Kingdom since harvest, viz.,
from September 1 to the close of last week, compared with the
corresponding period in the three previous years :
1873-4.
105%
„
93%
quotations for United States 6s (1862) at
show the imports and exports of cereal
1874-5.
93%
93 %
93%
93%
account
U. S. 68(5-20s) 1862
Whenever this company
Thnr.
93%
94
93%
93%
93%
C. S. 6s (5-208,)1865,old.. 105%
“
1867
108%
CT. S. 10-408
103%
New 5s
102
Tbs
Wed.
Tuee.
Mon.
Sat
-
Consols for money
Company and the Columbus, Chicago and Indiana Cent. Railroad
Company, the London, Asiatic and American Company state that,
to
England has decreased £36,000
The bullion in the Bank of
January, 1872, to January, 1874.
In reference to tlie
“
[May 1, 18^5,
THE CHKONICLE.
418
and since
the
corresponding
April 20-Str.
American gold.
City of Mexico.,.,.Havana
Spanish gold...
American gold..
Liverpool
April 21—Str. Russia
April 22—Str. City of Vera Cruz. .Havana
American gold..
Spanish gold...
American gold.
Silver coin
St. Thomas
April 23—Str. Merrimack
April 24—Str. City of Montreal.. .Liverpool
Liverpool
April 24—Str. Republic
Southampton
April 24—Str. Weser
Havre
American gold.
American gold.
American gold.
American gold.
Total for the week
Previously reported
Total since January 1, 1875
Same time in—
f
Same time In—
1874
1873
1873.....
1871
1870
.
$10,000
222,500
specie at this port during the past week have
$724
Silver
Carthagena
450
Gold duet
9,672
17,890
£8,600
100,000
14,915
Gold
Gold bullion
Gold..,.
Gold
Gold
April 19—Str. Suevia
Havre
April 20—Str. S. America
St. Thomas
April 21—Str. France
Havre
April 21—Str. Pommerania.. ...Havre
April 21—Str. Bothnia
.....Liverpool,.
$184,854
Total for the week
5,271,227
Previously reported
$5,456,081
Total since Jan. 1 1875
Same time in-
Same time in-
$1,190,590
1,101,075
«...
623,048
2,971,893
1874
1873
1872
1871
National
mary
$6,308,883
8,314,442
1870
1869
1868
1867...
2,642 438
729,602
Treasury.—The following forms present a sum¬
of certain weekly transactions at
the National Treasury.
l.l-Securities held by the U. S. Treasurer in trust for
Banks and balance, in the Treasury :
Week
For
ending Circulation.
Aug. 15 . 387,285,600
Aug. 22.. 386,606,100
Aug. 29.. 386,146,600
Sept. 6.. 386,094,100
Sept. 12.. 386,024,100
Sept. 19.. 386,054,100
Sept. 26.. 385,901,450
Oct. 3... 385,700,150
Oct. 10... 385,290,630
Oct. 17.. 385,530.i50
Oct. 24.. 385.187,750
Oct. 31.. S85,399,750
Nov. 7.. 385,590,750
Nov. 14.. 385,339.250
Nov. 21.. 385,347.750
28.. 385.348,250
5... 385,446,250
12.. 385,426,250
19.. 385,304,250
26.. 385,349,750
2.. 385,128,250
9.. 984,959,750
16.. 334,695,250
23,. 384.458,600
30.
384,348,850
Feb. 6.. 383,663.250
Feb. 13.. 383,534,150
Feb. 20.. 382,469,650
Feb. 27.. 382,083,650
March6.. 382,359.150
March 13 331,602,450
March 20 381,389,950
March 27 380,896 950
Nov.
Dec.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
,
ForU. S.
Deposits.
16.522.200
15.572.200
16.387.200
16.412.300
16.412.200
16.494.200
16.412.200
16.412.200
16.412.200
16.462.200
16.512.200
National
Com cer¬
tificates
-Bal. in Treasury.Coin.
Currehcv. outst’d’g,
Total.
31,889,600
30.773.600
402.533.800 70,802,189 13,208,319 29,010,040
402,506,400 68,542,163 14,768,663 28,770,240
402.436.300 71,810,868 14,689,151 28,864,640
402,458; 300 73,8G9,350 14,270,198 28,545,040
402.313.650 74,576,652 14,117,767 27.375.600
14,722.064
403.807.800 71,660,482
402.178.300 72,425,119
Baltimore
City Finances.—The Sun says of the tax levy :
the same as last year, being $1 80 on the $100, mak¬
250,000
43,450 ing, with the State tax of 20 5 16 cents, an aggregate of $2 5-16
197,307 of a cent on the $100.
The basis of taxation is $231,242,513,
20,000
being about $3,000,000 in excess of that of last year, the differ20,000
250,000 ence arising in great part from extension of limits of direct
000.000 taxation.
The aggregate amount of tax to be raised thereon is
250,000 $3,251,220 80.
The existing claims against the city, or what may
50.000
be called the “ floating debt/' have been practically reduced to
$1,913,257 $142,576 03.
18,265,348
Elizabeth (N. J.) City Finances.—The City Council, April 26,
passed an ordinance to issue $900,000 worth of bonds to be ex¬
$20,178,605
changed for those bonds now due and falling due.
$10,345,162
20,390,047
8,670.624
5,888,966
$10,391,102 | 1869
18,126,439 I 1868
9,225.289 j 1867
23,334,178 11866
8,097,853 |
The imports of
been as follows:
April 19—Str. Etna
419
THE ? CHRONICLE
11S75 ]
Mav
14,977,348
402.112.350
The levy is
Occidental
telegram
& Oriental Steamship Company.—A
from London last week said that this company has chartered for
its line from San Francisco to Japan and China the three large iron
steamers Belgic, Celtic and Oceanic, now employed on the
White Star Line between Liverpool and New York. The Oceanic,
screw
has already sailed from Liverpool for Hong Kong by way of the
Suez Canal.
The New York Tribune reports Mr. Huntington Vice-President
of the Central Pacific Railroad as saying that the Oceanic will
arrive at her destination about June 1. The Oceanic will be fol¬
lowed at intervals of 20 days by two other steamers, which will
form the fleet of the Company for the present.
The intention of
the promoters of the Company is to have all the vessels of the
Company in active service on the Pacific in time to move
the
new
[crop. Each vessel will cany about 4,500 tons of freight,
nearly all of which will go over the Pacific Railroad.
The
steamers will run on alternate trips with those of Pacific Mail,
the two lines affording semi-monthly communication between San
tea
Francisco, China and Japan.
The Vermont & Canada Railroad.—A dispatch to the Tribune
dated Boston, April, 29, says: A special meeting of the stockhold¬
ers of the Vermont & Canada Railroad was held at Bellow’s Falls,
Vt., to-day, to decide upon the sale
of their line to the Central
acrimonious discussion the following
resolution was adopted by a vote of 12,720 yeas to 8,856 nays:
Resolved, That all the property of the Vermont & Canada road shall be trans¬
Vermont road.
After
an
ferred to the Central Vermont Roid upon the payment to them of $3,000 000 in
the bonds of the Central Vermont Road, secured by a conditional deed of the
Vermont & Canada Railroad, the bonds to carry six per cent interest, payable
in June and December of each year.
Immediately after, an injunction was served upon the directors
to
prevent the execution of
that portion of the papers ratified
401,702,830 80,685,924
401.992.350 79,477,265
401.699.950 80,140,450
16.537.300 401,937,050
16.487.200 402,077,950 84,093,000
16.487.200 4 11,826,450 82,091.772
16.487.200 401.834.950 82,367,335
16.437.200 401.785.450 79,252,585
16.437.200 401.883.450 82,746.682
16.327.200 401.753.450 77,913,139
16.277.200 401.581.450 78,730,074
16.387.200 401.736.950 76,743,245
16.132.200 401.260.450
16.457.200 401.416.950 72,002^772
16.482.200 401.177.450 70,769,067
16,482,200 400.940.800 71,706,239
16.482.200 400.831,050
16 633,200 400.296.450 69,070,765
14,748,482 26,914,000
13,655,035 23,739,400
13,796,142 22,632,100
relating to the placing of stocks in trust, and a hearing will be
held May 12. The breach between the stockholders of the Ver¬
mont & Canada is wide, and the terms of the proposed sale will be
15,460,101
16,108,390
21,067,000
hotly contested by the minority.
22,83*8.666
—We call the attention of investors to the card of Mr. R. F.
Cutting, in to-day’s Chronicle, ottering for sale $100,000 of the
Town of Lake Water Bonds.
These bonds have twenty years to
run, and pay seven per cent, interest, January and July, at the
American Exchange National Bank, in New York.
The town of
Lake is in Cook county, Ill., and adjoins Chicago on the South
at Thirty-ninth street.
The whole issue of bonds by the town is
only $500,000, and the assessed valuation last year was $12,000,-
21,816.800
399.986.350
16.452.200
16.452.200 398.921.850
16,062,200 398.145.850
16.152.200 398.511.350
16.152.200 397.754.650
16.302.200 397.692.150
16.302.200 397.199.150
April 3.. 380,619,600 16.302.200 395.921.800
April 10. 380,683,100 16.277.200 396.960.300
April 17. 379,881,600 16,270,000 395,151,600
April 24 . 380,247,600 16.277.200 396,524,890
15,402,821
14,588,355 22,952,000
15,093,899 22.592.400
14,872,708 21.834.700
14,135,447 21.205.100
13,609,104 21.378.400
12,039,348
27,*0*43.466
10,486,039
10,013,674
28,070,200
8,643,037
9,013,000
6,673,475
23, *51*7,800
67,987,072
70,610,776
21,724,900
74,000,000
76,200,225
78,836,738
80,174,051
9,83*0* 000
8.148,509
6,989,282
5,134,288
22.142.100
22.866.700
24,045,900
84,127,876
86,873,392
4,42*2^986
27.609.100
22*66*0,666
000.
—Messrs. Kuhn, Loeb & Co., invite proposals for the unsold
balance of the Cincinnati 7 3-10 per cent loan. This loan, origin¬
ally for $10,000,000, was brought on the market a short time ago,
and only $1,500,000 are now left.
We are informed that the
bonds have mostly gone into the hands of large insurance com¬
panies, and other careful investors, and the balance, for which
102 is fixed as a minimum price, should, from the present appear¬
ance of the market for investment securities, go at good
figures.
88,506,596
—The funded bonds of the West Wisconsin Railway Company
2.—National bank currency in circulation; fractional currency are now ready to be delivered by the New York Guaranty and
received from the Currency Bureau by U. S. Treasurer, and dis¬ Indemnity Company, as per notice in another column of our to¬
tributed weekly; also the amount of legal tenders distributed:
day’s issue. Parties desiring further particulars in regard to the
Notes in ^-Fractional Currency.—, Leg. Tend matter are requested to communicate with the officers of the
Week
ending
Circulation. Received. Distributed. Distrib’d.
546.300
3,873,895 company, 84 Broadway.
Aug. 8
350,128,878
663,000
1,201,400
3,903,780
Aug 15
607,600
350,199,898
—The Commercial Warehouse Company have declared a divi¬
677,600
3.167,800
Aug. 22.'
350,568.493
dend of two and ofle-half per cent, on the capital stock of the
939.300
2.544.500
1,098,300
Aug, 29
350.332,653
980.000
843,400
2,568.985 company, payable on and after May 1.
Transfer books close
gept. 5...,.
350,534,203
2.342.500
790,200
952,000
Sept. 12....
350,622,26s 1,134.200
April 30, and reopen May 3.
788.300
1,383,000
Sept. 19........
350,383,606
—Mr. H. A. Schreiner, of No. 50 Wall street, offers for sale the
2.500,000
687,400
1.130.900
Sept. 26
350.436,153
716,000
885.500
457,000
Oct. 8.......
349,537.998
7 per cent bonds of Town of Lake, Hyde Park, South Park, and
1.148.900
954,800
965,000 Lincoln
Oct. 10
349,205,178
Park, in Cook County, 111.
-1,520,708
1,467,900
850,944 223
Oct.
17
Oct. 24.
357,349,752
348,089,341
Nov. 7
Nov. 21
Nov. 28
Dec. 5
Dec. 12
357,831,630
Dec. 19.
Dec. 26
Jan. 2
Jan. 9
Jan. 16
Jan. 23
Jan. 80
Feb. 6
346,990,532
347,106.221
Feb. 13.....
Feb. 20
Feb. 27
March 6
March 13
March 20
March 27
April 3
April 10
April 17
ApriUt.,,,..,
476,900
3,505,935
3.559,153
521,500
2,645,183
465,500
2,413,610
2,378,817
3,062,715 •
2,460,358
347,959.471
347,876,131
350,256,446
345,601,096
345,562,363
345,015,428
435,200
263,900
345,898,527
316,872.489
347,462,861
347,049,106
347,269,876
349.286,226
349,682.411
ADVANCES
2,608,051
476,000
-
BANKING AND FINANCIAL.
387,900
’ 2,140,434
2,723.214
/
2,209,180
331.400
344,310,452
34-4,464,477
344,596,472
'
1,090,000
406,700
350,193,593
349,327,208
347,176,153
....
644,900
965,300
741,300
682,100
560,000
23,159.400
3,160,344 23.150.500
2,149,838 22.311.500
801,500
539,700
784,700
933,100
642,600
576,100
584,800
619,000
8,766,360
3,241,481
3,535,671
3,324,361
2,448,299
2,506 856
3.028,390
3,341,569
3.887,121
684,600
668,500
2,894,142
700,000
2,217.754
2,707,602
?,19M44
Made
on
Cotton in store.
R. M. WATERS & CO.
RAILROAD BONDS.—Whether you wish to BUY or SELL, write to
HASSLER & CO.,
No. 7 Wall street. N. Y.
STOCK SPECULATIONS
Conducted by us in every form on commission only.
PUTS. CALLS AND DOUBLE PRIVILEGES
Cost
$100 to $2C0, and controls 100 shares of stock for 30 days.
10 per cent during that time,
If the stock
moves
THE INVESTMENT PAYS $1,000.
liability is limited to the amount paid for the contract.
negotiated through us are obtained at the best rates in the market
and on responsible parties.
PAMPHLET SENT FREE,
explaining the various modes of operating, and how the fluctuations of the
market may be best taken advantage of. Address, for particulars,
TUNBRIDGE & CO., Bankers and Brokers
Wall street, corner Broadway, N. Y,
The
Contracts
[May 1, 1876,
rHE CHRONICLE
420
€l)
bankers’
c
©n^tte.
68,1881
6s, 1881
B INKS OIIGANIZ ED.
NATION A L
The United States Coraiptroller of the Currency furnishes the
following staterneutof National Banks organized the past week:
2,550—Bristol National Bank, Connecticut. Authorized capital, $100,000 ; paidin capital, $6).000. John II. Sessions, President; Chas. S. Tredway,
Authorized to
Cashier.
cum nence
business Ai»riI 21, 1375.
Authcriz ;d capital, $110,000 ;
2,251— Gr enville National Bank, Pennsylvania.
.—Amount April 1.—.
«—Range since Jan. 1.Lowest.
Registered. Coupon.
Highest
122
reg.,118 Jan.
Apr. 26 $193,822,600
$
123% Apr. 27
89,413,750
coup,, 113% Jan.
7,805,600
118% Apr.
95,361,950
coup, 114% Jau.
121
26,980,100
32,712.700
Apr.
Jan.
coup.. 116
33,735,600 113,748,750
121% Apr.
coup.. 118% Jan.
57.991.200 144.671,900
122% Apr.
new,coup.. 117% Jan.
"•
ashi'*r. Authorized to
business April 23, 1875.
Said-in capital, #55.000. William Achre. Presides; Wuliam II. Beil,
co nmence
;
68,5-20’s, 1862
6s, 5-20’s, 1864
6s, 5-20’s, 1895
6s, 5-20’s, 1865,
coup..
6s, 5-20’s, 1867
6s, 5-20’s, 1868
coup..
..reg:.
5s, 10-40’s
5s, 10-40’s
coup..
5s, funded, 1881.. ..coup..
6s.Currency
2,252—First National • ank of Millersburg, Penn-yjvama. Authoriz d capital,
$100,000; paid-in capital, $00,000. AlfredrDouden, President; Ferdi¬
nand H. Voss, Cashier.
Authorized to commence business April 23,
reg..
113% Jan.
117% Jan.
April
23.
xl07
1 107%
105*
108*
DIVIDENDS.
recently been announced :
When
P’able.
Company.
Per
Cent.
Rail roadw.
Boston Concord & Montreal, pref
Boston & Providence
Cedar Rapids & Missouri River (quar.)...
3
May 10
$5
May 15
68.5-20*,17
Cincinnati, Sandusky & Cleveland, prt-f...
Concord
Manchester & Lawrence
New Bedford
Banks.
Union National
mi»cellaiie«iUK.
Commercial Warehouse (quar.)
1
3
May
May
5
5
4
hooks Closed.
ous
1
Mav
1
May
1 May 1 to May 29
Friday. April 30,
The money
market and Financial
1875—6 P. M.
Situation.—Money has
with discounts of choice commercial paper made as
low as 4 per cent.
Government securities are strong and toler¬
ably active ; other investment bonds have been firmly main¬
tained on a fair business ; the stock market has been irregular;
gold strong, and scarce for borrowing; exchange firmly main¬
tained.
The money market has continued to show an easy ten¬
dency, and on call loans the range is 2£ to 4 per cent; there has
been some talk of a combination among the banks for the purpose
of establishing 3 per cent as the minimum rate at which they will
lend on call. Commercial paper lias been in active demand for
choice grades, of which there have been sales as low as 4 per
cent, 4 to 5£ per cent, being a fair quotation for the range of
strictly prime paper.
On Thursday the Bank of England returns showed a decrease
of £36,000 in bullion for the week, and the discount rate was
allowed to remain unchanged at 34 per cent. The Bank of France
gained 5,808,000 francs in specie.
The last weekly statement of the New York City Clearing
House Banks, issued April 24, showed an increase of $1,833,150 in
the excess above their 25 per cent, legal reserve, the whole of
such excess being $11,534,625, against $9,701,475 the previous
been easy,
week.
and
a
following table shows the changes from the previous week
comparison with 1874 and 1873:
1875.
.
>
1874.
1873.
April 21.
Differences.
April 26.
April 25.
Loans anadis. $277,9u4.500 $275 886,000 D c. $2,078,500 $288,42 {.500 $269.301.9<i0
Specie
Circulation....
Netdeposits..
Legal tenders.
United
April 17.
14,013 200
12,015,9,10 Dec.
1,967.300
23,336,400
15,9s9.700
26,901.600
27.737.700
218.40ii.900 217,9J6,300 Dec.
480,600 231.486.700
53,970,300 Inc. 3,680.300
50.290.000
54,739,600
188 2>0.000
37.600.600
21.332 800
States
21,146.200 Dec.
186,600
Bonds.—Governments have been strong
and
Prices show an advance on last week on all
issues, but a slight decline on the currency
sixes, which had previously advanced so sharply. In London
quotations are very firm and nearly up to a point which would
admit of the export of bonds from this*side.
The demand for
bonds has been well distributed among borne purchasers—the
financial corporations being prominent, as usual, among the
still pretty active.
the prominent gold
largest takers.
Closing prices daily have been as follows ;
Int.
period.
April April April April April April
24
26.
27.
28.
29.
30.
reg..Jan. & July. 121% 122 *121% 121% 121% 121%
68,1881
coup..Jan.&July. 123% *’.23% 123% *123% 123% *123%
reg..May & Nov. *116% *116% *116% *116% *116% *116%
6s, 5-20’s, 1862
68, 5 20’s, 1862... coup..May & Nov. *118% *119
*119% *119% *119% *119%
6s, 5-20’s, 1862, Cal led Bds..May & Nov.
6s, 5-20’s, 1864
reg..May & Nov. *117% 117% 117% *117% 117% *117%
68, 5-20’8, 1864
coup..May & Nov. *120% 120% 121 *121% *121% *121%
6s, 5-20’s, 1865
reg. May & Nov. *118% 118% *118% *118% *118% 119
fis, 5-20’s,1865
coup..May & Nov. *122% *123 *123 *123% *123% *123%
6s, 5 20*8.1865, n. i., reg..Jau. & July *121
121% *121% *121% *121% *121%
u.i ,coup..Jail. & July. 121% 121% 121% 121% 121% 122%
reg.. Jau. & July. *121% *121% 121%**121% *121% 121%
6s, 5-20*8, 1867....coup..Jan. & July. 122% *22% 1*2% 123% 123% *.23%
reg Jan. & July
122 *122
122 *121% *122
68,1881
23,331,500
201,788,300
177.638,150
Jan.
Feb.
53 144,750
Apr.
Apr.
64.623,512
103%
105% Apr. 22 108% Apr. 9
107% Mch. 19 109% Apr. 30
102% Feb. 13 105% Feb. 6
102
Apr. 13 108% Jan. 2
105?^
109%
103%
102
103
x!02%
Since Ja a. 1, 1875
Lowest.
Highest.
<
102%
Bonds*—There have been
more numer¬
State bonds than last week,
transactions at the Board in
no transaction of special importance in
Missouris and Tennessees were most largely
May
2%
222.136 350
14.142,500
141,421,550
though
1
Mav
1
dem.
!
..
State and. Railroad
on
5
U. S. 6s, 5-20’b, 1865, old
U. S. 6s, 5-20’s, 1867
U. S.5s, lO^’s
New 5s
1
88.486,400
Apr.
Auril
30.
April
16.
The following Dividends have
Apr.
Closing prices of securities in London have been as follows:
1875.
The
123%
122%
116%
117%
117%
124%
118% Jan.
118 Jan.
113% Mch.
113% Mch.
any
particular issue.
dealt in, the former
at firm prices ; Soutli Carolinas have also met with some atten¬
tion, particularly the non-fundable bonds at 6to6i; Virginias
are firm on a borne demand.
There has been some activity in
District of Columbia 3-65 bonds, which have been put on the list
after States, but which Mr. John Thompson claims should be
called next to Government securities.
Railroad bonds have been
quite firm at the advance previously
established, and in some cases have shown a further material
The news from Washington that the Court of Claims
probably decide the suit of the Union Pacific Railroad
against the Government in the company’s favor, has latterly
strengthened the bonds of that company. Some of the bonds of
the Chicago & Northwestern road have advanced considerably,
especially the consolidated 7 per cent, bonds with quarterly
interest, payable May l. There will now be some inquiry for
bonds having semi-annual interest payable June 1, and these are
few in number.
The-list below embraces all the bonds on the
regular list at the Stock Exchange, on which interest is payable
in June and December.
The 7 per cent, bonds now carry just
about 3 per cent, of accrued interest, and the following will show
the present price, the true price “flat” and the annual interest
gain.
would
which each bond pays on
its cost:
HAVING INTEREST PAYABLE IN
BONDS
JUNE.
Ancual int.
Price
“flat.”
Price.
e
83%
86%
Chic. & N. Western, gold bonds 78
Del.. Lark. & Wesiorn7s, conv’ble... 120
98
Erie 5 Mort. 7s. 1886
117
95
104%
Long Dork Bond-, 7s
Buffalo, N. Y. & E., let mort. 7a, 1877. 90
87
102%
92
100
111
Central 6s, 1-87
llud. Kiv. 2d mort. 7s, S. F., 1885.
N. Y.
108
Daily closing prices of a few
6s Tenn., new s...
6a N. Car.,old....
68 N. Car., new...
68 Virg., consolld
do
2d8eries.
28.
50%
*20%
*10%
*50
*20 %
*10
*60
5.)%
*2u%
*10
*60
*20%
60
*40% *40%
*32% -S3
100% 100%
*40%
68S. C..J.&J...
*3i%
68 Mo. long bonds 100
N\Y. C.& H. 1 <t 7s *111%
C. Fac.,gold 6s... 102%
On Pac., 1st 68... 1"U%
do
L’dGr’ils
9<%
94%
do
S.F. 8s..
Krie 1st M.7s
S. J. Cen. 1st 7s.. *lil
Ft Wayne let 7s.
*110
ay
Boca TpIO lst7R... *108%
C. & N.W. gold 7s
86%
•This la the price bid.
27.
24.
60
115
*102%
luo%
97%
93%
*107
1 3
*114
103
101
98
93 %
*111
*10
bO.
29.
*19
50
*20%
*20%
*10'
*li
*60
*60
-Since Jan. ILowest.
Highest.
44
Jan. 27 55% J an.
'
Jan. 18
Mch. 2: 29
20
Jan. 7
16
Jan.
7 16
55%
36
*4>%
30
*32% *3h ' *33%
100% '100% 100% 94%
115
*115% 115^ 111%
103
92%
102% 103
101
10.% 101% 90
*40* ‘
6
6-48
leading bonds, and the range
since Jan. 1, have been as follows:
April April April April April April
24
5-98
736
690
804
7-60
101%
95
naid at
this price.
8-45 gold.
93%
93
94
•lii* *
407
•ill
9S
*93%
93%
*
Jan. 26 60% Apr.
Mch. 2i
Mch. 20
41
85
Jan. 14 ;00% Apr. 89
Jan. 18 115% Apr. 8U
Apr 27
Jau. 6 103
6 101% Apr. 30
Jau.
Jan.
90
t 100% Mch. 3
8o% Jan. 5 •J4% Apr. 21'
104
Jan. 11 106% Apr. 2
Apr. 9
1"7% Feb. 1 115
Mch. u
106% Jan. 7 no
>1 0
*uo% 110
*109% *110
105
Jan.
5 lu9% Apr.
*p 9
*I0<% *108% 109 % 409
8 d%
36% *86% 79% Moh. 1 86% Apr.
86%
86
nosalewna madeaithe
Railroad and miscellaneous
8
Apr. 17
Jan. 27
2s
26
Board.
Stocks.—The stock market
quite irregular, and in several ot thelead:ng speculative
There ha^i been no governing toje to tlie
market, and while Western Union Telegraph advanced sharply
has been
stocks rather weak.
which was the highest point} et reac ied
months past, other stocks, such as Lik6
Shore, Chicago & Northwest and Ohio & Miss., have been at times
quite weak. Panama lias fluctuated widely irom day to day, and
closes at 157 bid. Western Union has fallen back to day to 79^
and the cause for its previous sharp advance has not b>en drfinitely explained, though it was reported at the time that sorn*agreement had been made with the Atlantic and Pacific Company,
by which the rivalry between them would cease. The report of
the latter company, which lias been published this week,
appears to have had no effect on the stock.
The reports of
railroad earnings for April are hardly expected to show much
This is the price bid ; no »aU wa8 made at the Board.
improvement over last year, on account of the backwardness of
The range in prices since Jan. 1, and the amount of each class the season, but from May forward an improvement is looked lor.
A feature of the week was the considerable advance in the so*
pf bonds outstanding April 1,1875, were as follows:
•
80^ on Wednesday,
by that stock for some
to
May 1, 1675.
THE CHRONICLE
called investment stocks, of wbicli the prices are considerably
above par, such as Central of N. J., Del. Lack. & West., Hock
Island, and Harlem; the advance was not, however, in all cases
sustained.
To-day, prices were generally weak.
showing the total transactions of the
the leading stocks, we have compiled the table following
For the purpose ot
in
Pacific
Mail.
35.400
Apr. 24
r‘
26...
“
“
30
6,800
Total
West’n Chic. &
Union Ohio &
Union. N’west. Erie. Pacific.
Miss. Wah.
8.300 20,900 38.609
12,900
2.300
2.900
25.500 17,900 30.300 36,000
6.100
4.700
£9.800 12,500 18.300 30,800
3.800
2.700
123.000
8,500 32.500 37.200
3,400
4,600
63,100 19.700 30.500 19 100
l,8u0
8,500
26,000 12,2u0
9,1 0 15.200
11.800 12.900
34.400
28,800
16,300
7,000
14,800
9,600
29
“
21.400
57,500
48.80C
44,500
27
23...
“
Lake
Shore.
..159.900
165,400
494,665
Whole stock. ..200,000
week
:
310,300 79,100 141,600 176,900
337,856 149 930 780,600 367,450
35,900 29.600
200,000 150,000
The last line in the preceding table shows the total number of
shares of each of the stocks, now outstanding, so that it may be
seen at a glance what proportion of the whole stock has been
turned over in the week.
The daily highest and lowest prices have been as follows:
Saturday, Monday,
April 21.
April 26
R.Y.Cen.&H.R. 1 $* 102* 10.'* 102*
132
Harlem
“1034
132
Brie
3<* 31*
SO* 31*
Lake Shore....
71* 72*
70* 7l*
Wabash
16* 16*
15* 16*
4 * 42*
Northwest
42* 43
do
pref. 55
55
54* 54*
Rock Island
lUS* 103* 103* 113*
ftt. Paul
37* 37*
36* 37*
uo
nref
56* 57*
At.<fc Pac.,pref. 15* 16
15* 15*
Ohio* Mibb... 27* 27*
27
27*
Centra) o; N.0. 113
U3* 111* 114*
118
12U
Del., L. & WeBt’ilK* 117
25
Han. & St. Jos. 24* J6*
25*
Union Pacific.. 77
78*
76* 77*
Col.Clilc.&l.C. *5*
6*
'5*
6*
158
Panama
116
158
172
West, Un. Tel. £% 78*
<7% 78*
At. & Pac. Tel.
26* 26*
26* 26*
20
19
20
20*
Quicksilver....
do
31
pref. *27
30*
Pacific Mall.... 43% 44*
44* 45*
...
...
.
«
Adams Exp.... 102
American Ex.. 64
61
United States.. 61
*87
Welle,Fargo,. #S 7
•
102
*102
64
64
61
61
64* 64*
60
90
90
89
89
Tnl8lB the price bid and asked
The entire range
61
90
Tuesday. Wednesday, Thursday, Friday
April 27. April 23.
April 29.
April SO.
1<»2* 105
105
10 * 105
105)4 105
105
133
>38
»0*
70*
71 *
15*
41*
16*
42*
54
55
136
31*
136
“
29*
70*
15*
42*
*55
166
77* 7 ’*
26* 27
*19
21
164
79
70* 7'-*
15*
41*
15%
43*
55
55*
10.-* 1C6*
38% 37*
106*
37*
57*
17*
27*
*57
11*
41*
»
36*
59
*11.
1:8* 119*
25* 25*
76* 77*
166
157
6
8U*
118* 178*
25* 2>*
76* 77*
6
80*
26* 27
»
20* *19
X
29* *29 '
44* 45*
45*
44*
102
1' 2* •102*
*101
64
64* 61*
64* *6SV
52
51
53
57*
51*
90* 90*
90* 91* *90*
29*
44%
21
21
*19
chases here for
Quotations
92*
Tlie
do
pref
Pacific Mail.
27* Apr.
30% Feb.
98
AdamsExpress
Jan.
American Express
62% Jan.
United States Express. 51
Apr.
Wells, Fargo & Co...,. 79% Jan.
35
44
Jan.
Jan.
45% Apr.
101% Mch. 23
65
65
Jan. 15
Jan. 11
81 92% Apr. 30
29
J
une
29
48
33* Dec. 21 51%
92% Jan. 13 120
58% Jan. 2 65%
60
Sept. 28 73
69% Jan. 5i 84
Nov. 27
Sept. 30
Nov. 13
Dec.
Feb.
Nov. 30
Railroad Earnings.—The latest
earnings obtainable, and
the totals from Jan. 1 to latest dates, were as follow’s :
Latest earningB reported.
Jan.l to latest date
Roads.
1875.
Jan.
$68,659
Central Pacific.
..Month of Mch. 1,192,000
Cin. Lafay. & Chic.. 1st week of Apr.
7,156
Denver & R. Grande. 2d week of Apr.
7,539
Illinois Central
.Month of Mch.
586,188
Indianap. Bl. & W... 2d week of Mch.
27,263
Indianap Cin. & Laf. Month cf Mch.
135.154
Iutern’l &Gt. North. 2d week of Apr.
20,2 2
Kansas Pacific
Month of Moh.
242,033
Michigan Central
Month of Mch.
611,211
Mo. Kansas & Tex... Month of Mcti.
240.000
Mobile & Ohio
Month of Feb.
156,174
«
Atchison, T. & S. Fe Month of
.
unio & Mississippi.. Month of Mch.
St. L. Alton & T. H.. 3d week of Apr.
do
branches. 3d week of Apr.
bt. L. I. Mt.&South.. 3d weekofApr.
St. L. & Southeast.. 1st week of Apr.
8t. Paul&S. City,&c. Momh of Mch.
Toledo P. & Warsaw. 2d week of Apr.
Union Pacific
1st 15 days Apr.
Tbe
Gold
Market.
310.903*
18,432
10,480
65,400
20,447
42,551
15.310
544,653
1874.
1875.
1874.
$62,792
882,423
8,770
6,061
$63,659
2,984,000
98,213
84,861
$62,792
2,535.025
121,5
561,793
1,595,880
75,485
1,663 464
27,908
145,74 7
15,440
245,774
615,930
262,801
213,348
304,812
26«.921
340,751
380.518
381,652
1,553.736
415,691
354,893
594,552
1,806.422
661.000
759 505
21,552
9.7:38
56,913
593,265
352,903
803.777
507,275
202.125
192,185
814.048
352.419
151.290
1,041.995
885,689
274,970
341.730
22.473
51,660
10»,494
140,*06
23,416
343,913
237,429
2,563,39a
3*8 831
2,224,093
The price of gold was steady
during
early part of the week, and stronger toward tbe close. The
principal feature of the market has been the scarcity of cash golc
which has again led to the payment of
comparatively high rates
for its use—the price paid by borrowers
having been 6 to 7 per
cent per annum
yesterdiy, and to-day 6, 8, 7, 9 and 3 per cent per
annum, and 1-64 and 1 32 percent per diem ; at the close loans
were made flat.
Earlier in the week time ^ans of
gold were
quoted at the following rates for use: Thirty days, 1-16 ; sixty
days, 3-16@£ ; ninety days, £ ; four months,
; six months, 1@
; all year, 1£@1£.
Specie shipments for tbe vveek, including
$1,100,000 engaged for to-morrow, will show about $2,700,000
g Id coin.
It is expected by some parties, usually well informed,
that the Government will sell gold to a moderate extent
during
May, iu order to replenish its currency balance, which is now
low. Customs receipts of the week have been
$1,943,000.
The following table will show the course of
gold and
ftp orations of the (Jold Exchange Bank each day of the past
the
week:
,
94%©
94%©
94%@
94%©
as
follows:
Ilpuse
April 24
-Sub-Treasury.-
-Receipts.
Gold.
Receipts.
$279,000
95
95
95
95
the week at the Custom House and Sub
tor
Custom
Payments.
Currency.
Gold
$289,642 38
$755,914 16
5b0,000
652,450 U0
$269,228 93
1,240,512 33
292,000
186,000
464,759 62
488,355 99
417.000
209,000
1,328,145 76
248,309 59
672,457 01
1,042,773 59
1,758,157 04
678,^60 06
904.144 15
30.......
‘
‘
717,392 60
Total
$1,943,000
Balance. April 23
Balance.
April 30
$769,734
1,560,213
262,886
1,933,469
761,386
891,277
1 -*7.311 65
391,511 20
625,479 18
3,724,296 32 6,143,1-74 19
60.173.205 94 41.902 060 12
61,095 067 53 41,866,815 68
—»
Currency.
26
27
28
29
-
_
18*" Apr.
transactions
Treasury have been
4.90%@4.91
4.90 ©4.90%
4.89 ©4.89%
5.13%©5.12%
5.13%©5 12%
5.13%©6.12%
4l%© 42
95%© 95%
95%© 95%
95%© 95%
95%© 95%
5.1G% <2)5.15
41%© 41%
..
,
3 days.
5 16%©5.15
5. 6%©5 15
Amsterdam
follows:
Aug. 25
22% Apr. 28 36* Nov. 24
April 30.
days.
4.8?%©4.88
4.37 ©4.87%
4.86 ©4.86%
Antwerp (francs)
Swiss (francs)
‘
Jan. 1,1875, to date—
-Whole year 1874.Lowest.
1
Lowest.
Highest.
Highest.
N. Y. Cen. & Hud. R .100* > ch.
18|105% Apr. 28 95% May 19 105* Mch. 11
Harlem
...127% Jan. 12 138 Apr. 27 118% Jan. 7 134* Feb. lb
Erie
2’.,* Feb. 27 35% Mch. 29 26 Dec. 10 51% Jan. 15
Lake Shore
70* Apr. 27 80* Jan. 2 67% June 19 84* Jan. 16
Wabash
10
Feb. 17 21% Jan. 2 18% Dec. 29
55% Jan. 16
Northwest
38* Mch. 1 48% Jan. 4 34% July 15 62* Jan. 9
do
Mch. 1 62% Jan. 2 51 Sept. 10 78* Feb. 9
pref
51*
Rocklsland
102* Apr. 6 106% Mch. 27 92% June 19 109* Feb. 9
81. Paul
82* Feb. 27 40% Apr. 9 31% May 18 49% Jan. 10
do
pref
51
Mch. 1 59% Apr.
4S
May 5 74% Feb. 9
Atlantic & Pacific pref. 12% Feb. 26 18
Apr.
10% Sept. 3 22 Feb. lb
Ohio & Mississippi
24 Feb. 18 32% Jan.
21% June 17 36 Jan. 10
Central of New Jersey .105* Jan.
120
98
Jan.
3 109% Feb. 10
Apr.
Del., Lack. & Western.106% Jan.
123
99
Jan.
2 112% Feb. 10
Apr.
Hannibal & St. Jo
18* Jan.
30* Mch.
22% Sept. 7 34% Jan. 12
Union Pacific
86
Jan.
78% Apr. 24 23 June 17 36% Mch. 30
Col., Chic, & I. C
4* Feb.
9% Jan. 14 8 Sept. 3 32* Mch. 30
Panama
172
1U>% Jan.
101
Apr.
Apr. 20 118 Jan.
Western Union Tel
70* Feb. 17 80% Apr.
68
Apr. 24 83* Dec. 10
Atlantic & Pacific Tel.. 19
Jan
14
29% Jan.
20
Nov
Quicksilver
follows:
London good bankers’ do
London prime com. ster do
Paris (francs)
‘
was as
shipment.
are as
Primebankers’sterling bills
Board.
from Jan. 1,1874, to this date,
$
1,170,403
.
60
f>6
91*
$
1,015,754
coin, with engagements for to-morrow reported at $1,100,000.
There has recently been no export of bonds to
foreign markets,
although prices of United States Governments in London are
strong, and only a trifle below the point which admits of pur¬
103
>
$175,157,000
152,305.000
exchange market has been strong
and steady throughout, with rates of
leading drawers main¬
tained at 4.88 and 4.91 for long and short
sterling, respectively.
The supply of commercial bills has been small and prices
high,
but the demand from bankers, who are usually the
principal pur¬
chasers of such bills, has been so moderate that
they have not
sold very readily. Rates having been above specie
shipping point,
there have been exports so far this week of about $1,600,000
gold
63* 63*
5
115*
115*
115*
115*
Prussian (reichmarks)...
20
103
115^
115*
Balances.——^
Total
Gold.
Clearings.
Currency.
$88,932,000 $1,313,653 $1,917,294
19,259.000
905,750 1,046,229
82 836,000
1,474.450
1.697,877
23,776.000 1.238,800 1,428,314
27,041,000 1.345.425 1,528,646
33,313,000 1,447,605 1,678,517
Foreign Exchange.—The
26*
6*
44* 45*
64*
54*
115V 115%
115% 115#
115* 115*
115* 115*
115* 115*
115* 115*
Currentweek
115% 115* 115% 115%
Previous week
115* 114% 115% 115%
Jan. 1,1875, todate...112% 111% 117
115%
31
45*
ing.
est.
(guilders)
Hamburg (reichmrke)
Frankfort (reichmarks)
Bremen, (reichmarks)
153
2-*
est.
Saturday, April 24.... 115*
Monday,
“ 26....tl5%
“ 27 ..115*
Tuesday,
Wednesday, “ 28 ...115*
Thursday, “ 29....115*
Friday,
“ 30 ...115*
79*
*«
155
79
161
79*
26*
37*
57
17% 18
26% 27
111
114
1 Hi,
122
26*
78*
6*
ing.
56
57
•
118
.
Quotations.
Open- Low-High- Clos¬
3
,
15S
42*
105* U5%
17* lj%
26% < *
no sale was made at the
:
134
134
3 >* so*
29* 30*
70* 70(('
56
1U3* 105* 105*
37
36* 37
*56* 57*
57*
17
16* 17*
27* 27*
2-7*
*116
116* 120
121* 123
1!9*
26
27* 27
75
77* 78*
•6
6*
6*
164
80%
71*
1«*
42*
421
2,802,434 73
66
61
22
65
79
70
6,178,968 63
N aw York
City Banks.—The
following statement show8
the condition of the Associated Banks of New York City for th©
week ending at the commencement of business on April 24,1875:
AVKBAGK
Loans and
Capital.
Banks.
New York
$3,000,006
2,050,(XX.
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch’ge.
Gallatin, National..
Butchers’* Drovers’
Mechanies&TraderB
Greenwich
Leather Manuf
Seventh Ward...
State of N. .York..
American Exch’ge.
Commerce
Mercantile
Pacific
Republic
Chatham
North America
Hanover
....
Metropolitan
Citizens
Nassau
'
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Oriental
Marine
1,000,000
1.590,0(0
300,00(1
400,000
1,500,000
2,0ii0,000
500,000
Importers’* Trad’rs
Park
Mech. Bank’gAsso.
Grocers’
North River
East River
Manufact’rs’& Mer.
Fourth National....
Central National...
Second National....
Ninth National.
Kirst National
Third National
N.Y.National Exeh.
Tenth National
.
300.000
100,000
350,000
300,000
Bowery National
New Y01 k Co. Nat.
German American.
Dry GoodB
..
180.700
897 300
2.861.500
‘2,700
226,000
174.700
405, SCO
735,400
2,158,600
685.700
458,210
80.400
474,000
222, 600
1 462,100
1 643,1 00
2.985.200
764.200
57 8,(00
449,800
377.300
77.5.400
700
149.700
366,u00
379,000
272.600
19,200
31*1,700
37.100
2' 0,900
103.300
2u7,'.l)0
27.300
79.100
9.200
910.300
61.400
52.300
13,000
21.500
87.400
41,510
623,000
654.300
681,000
1,255,900
428,U,D)
273.100
477.600
402.500
79.600
676.500
42.100
54,‘*00
6.200
45
60.-i.6cC
30.400
4*0,D 0
7,000
180.100
563 000
4,*51,900
4.3 5.600
217.200
7 4-,W0
Loans
Dec. $2.D73.500
Dec.
Inc.
Specie
LegalTenders
following
are
1.967.30
3.63-i,30J
179,(100
8.2!
'68,300
154.400
18U,iO0
,655.000
403,000
73.8D)
671,600
347,2(0
7,210
1,, >0 >,(()(6 0,600
1.21 4,500
247.400
694.200
266,4' 0
279,(» 0
69.901'
2,300
16V 00
7,600
1,(>43,D>0
311,000
of the
/
pril 17..
April 2*..
Loans.
27 *.554.600
278.263.200
277.96i.500
14.5*4.5)0
14.013,200
275,886,000
12.045,900
Specie.
9 665.500
Tenders.
49.536.800
48.419.400
50.24 '.W0
58.970.800
3.900
225,(K 0
708.100
787.2(0
4.900
560.3D)
4.0(H)
267 000
2,266,700
15,633,-00
17.1 (>3,600
913,400
660,300
492,600
299.000
->21.500
190,6' *0
14.378.900
6,073 000
1,626,060
2.05*’*,'7(6
6,170,600
583.000
5.796.400
5,6s 8,100
1.030,300
1,047,200
49.400
268.500
1,457,(00
135,DO
43,500
883,< 00
‘212,200
167.600
911.560
1 ,<
04.700
8.731.4U0
1,713,900
$'2l.U6.'200
Dec.
Lee.
are an
$480.6<>0
126 600
series of weeks past
Legal
April 3..
« pr 11 >..
285.800
131.8(0
previous week
Net Deposits
Circulation
a
234.700
154.700
628.600
534.700
19,000
the totals for
191,500
5,5(0
656,700
1,200
returns
7*39,2U0
2,7 '5.600
1.215.500
$31.435,2D) $2:5.886,00.) $12,045,906 $53.97'>.3 K) I217.926.3C0
deviations from the
follows:
440,200
467,610
2.037,500
104,W0
1,J:<5,600
4,129.500
2,165,80.)
742.500
3,748,°00
7.282.400
7.641.900
3.225,5(10
3.165.500
1,981,8(0
3.751.400
2,945,51 0
1,045,600
2.937.800
2.994.800
2.397,000
7.431.400
1,5»3.U)0
2,050,4(10
1,768,' 00
1,25(: ,900
3 002,7(10
294.300
*7,300
12.400
17.100
16.600
5,9()0
1,200
429,200
8 8. 00
271.300
5,18.5,300
5,33 ,?00
1,4 •■•5,700
1,748.600
1,*66,HOO
The
The
1.0.400
383.200
1.527.200
6-8,900
l,821,Ooo
6,7>3,7(0
1,000.000
202.i t'O
1,151,4(»0
243,000
134,900
212.600
11,900
251,500
85,DO
19,25'.Odo
7,027,000
5,000,00(
2,000,000
390,000
1,500,1 Cf
5I)C,< 00
1,000,00 (
500,0(0
t,00(',0( 0
250,P( 0
200,000
2.000,000
.
Total
7
1,72s,100
2 3,300
2,478,800
4,367,810
3,0 0,00(S,9o0,HI0
1,592,200
2,256, >00
19,949 40G
14,7 59.700
1.138.100
767,9()0
9J!5.1(0
1,012, .‘00
1,000.000
614.600
415,100
270.000
:tl6.400
2,168,000
3.60 ,7U0
2,889,000
11,1579.200
1,602.600
2.2:7,700
2.739.900
1,000,000
1,000,000
1,000,000
$452,700
9,700
7,905.600
4.212.500
3,095,800
6.693.400
2,605,1-0
6.153.900
2.1 34.300
1.323.800
6,312,100
2,733,6'. 0
1,7>9.800
636.100
19,299,400
5,712, .00
4,034,000
2.217.100
5,477,501)
2,‘>S>',700
1,331,700
412,500
1.000,000
1.000,000
5(0,0U0
1,0(10,(00
601 ,0( 0
.
Circula¬
tion.
3 8'2,200
-*56,600
t
2.486 200
1,037,600
7!6,6UU
2,490,500
44b, 6t0
2,966.000
1,>72,100
1.002,600
3, *9 .',700
1,051,100
1.920.100
11,9b 2,500
2,000,000
5,000,000
10,000,000
1,000,000
1,000,000
422,700
2,000,000
450,000
Broadway
358.100
1,!0... OU
276.100
123.600
6.6,200
2,517,000
3od;ooo
.
Irving
8, 06,800
6 2 2,50 4.335,000
8,.02.100
3,857,710
5,210, 00
3,. 8 >,*00
1,84-,700
7.914.100
3.365.900
3,744.(-00
3,000,000
1,300,000
1,000,000
1,000.000
600,000
300,000
1,000,000
1,500,000
800,000
600,000
200,000
600,000
America
Phoenix
People’s
$9,-36,31)'
5,•'83,200
3,000,000
2,000,000
1,500,000
Manhattan Co
Merchants’
Mechanics’
Union
AMOUNT OF
Net
Legal
Specie. Tenders. Deposits
$1.6.0,500
$967,6(0 $8 195,600
Discounts.
Deposits.
Circu¬
lation.
Aggregaie
Clearings.
6<>2.?i 3.2k6
215 >93.700
21.438.5DI
2’..: 06.900
218,403.900
21.332.800
490.196.720
462.114,950
$17,926,800
2J.116.200
44S.065.054
214.>7 .:<H)
Banks.—Below we give a statement of the Boston
National Banks, as returned to the Clearing House on Monday,
April 26, 1875 :
Snecle. L.T. Notes. Deposits. Clrcnl.
Boston
Loans.
Capital.
Banks.
Atlas
Blackstone
Boston
200,000
500,000
1,000,000
1,000,000
1,000,000
Broadway
Central
Columbian
Continental
Eliot
Everett
Faneull Hall
Freeman’s
Globe
Hamilton
Howard
Manufacturers
Massachusetts
Maverick
Merchants.
Mount Vernon
New England
North
Old Boston
8hawraut
Shoe & Leather
State
Suffolk
Traders
120.100
5.300
6,000
19',900
10.124.900
60,800
21,000
3,023.300
3.696.600
6i'l,500
*304,200
3
1
3.484.200
50,100
1,100
4.141.600
4 638,900
1.349.900
•5.252,800
2.105.500
355.800
240.500
355,7oO
170.400
859.600
22,460
7,000
March
...
...
April 5....
..
942.700
2,355.300
500.300
1,178,500
700.6QO
1,671.900
260.800
209.260
79.500
87,700
81.100
828.800
1,071,160
8.400
650.6(0
2(0
7(0
1.300
2.129.200
300.000
450.100
333.300
771.600
947,160
651.700
594.700
824.700
1.600.100
673.600
1,013,700
173,000
531.000
-
432.200
849.600
$62,602,060 $24,754,000
April 26, is $22,071,000.
the totals for a series of weeks past:
Legal Tenders,
9,331,300
8,R60,0T0
8.891,400
8,710,600
8,558.000
8,537.500
8.570.300
Specie.
1,170,100
904,500
693.100
533.700
546,200
6:3,200
132.546,100
131,855/00
132.260.300
132.312,000
130,595,100
...
669.800
668.700
157.900
594.700
553,200'
687.600
1.691.700
256.900
2,570,000
133,617,200
133.965,900
...
653.500
1.155.700
217.600
923.200
132.471.100
...
...
671,^00
516.800
4.900
4.436,700
Loans.
Date.
March 8,...
I08.4UO
791.600
152.000
347,(,00
56.500
Total
$50,050,000 $130,595,100 $629,000 $8,533,000
The total amount “due to otherBanks,” as per statement of
The following are
956.800
719.400
826.400
1C3.100
1,200
3.510.200
704.800
1.134.200
1,0 9,600
1,010,800
6.200
4.730.900
1,500,000
965.100
99.000
175,200
103.100
154.900
102,200
291.V0O
324,000
81.200
*
600.300
333.900
563.100
1,109,000
269.100
214.500
400
3.000
3.099.4(10
2001.SUC
2.073.500
245.Too
1,502.400
177.906
777,000
1.482.200
3.205.500
2
820.400
821,200
743.500
782.400
771/03
859.700
691.400
47.500
40,700
5,661.001
1,000,000
712.100
3 53.600
400
*>|U80 100
579.700
7.391.100
12.600
12.000
4.900
6.400
37.900
2.685.900
1,123.2(0
71.600
91,560
12.500
13.400
35.400
2.696.500
3.097,710
2,1<:5.0J0
165,000
147.200
503.300
117.400
1.506.000
200
633,300
1,500,000
2,000,000
200,000
Webster
Portland 6s
Atch. & Topeka
64.400
£>
1.700.600
2,007.200
1.574.400
1,000,000
1,000,000
1 000,000
Union.
763.10C
117.400
370.600
3 1.2(10
349.600
238.400
441 5(H)
145 7t(J
343.0J0
360.600
55,800
97.300
34',900
1.025 800
1,000,000
Security
Chicago Sewerage 7s
40.500
4,000
l,e62,300
2.413.300
1,500,000
500,000
Exchange
Hide & Leather
Revere
760,960
499,500
64.600
155.500
77.200
120.900
92.300
70.500
10U,900
300,000
2,000,000
1,000,000
City.
Eagle
935.100
722.400
839.500
1.900
1,600.000
Commonwealth
729.400
546.400
2,675,7C0
1,000,000
Second (Granite)...
Third
Bank of Commerce*
Bank of N. America
B’k of Redemption.
Bank of Republic...
1,951.16-0
790,800
706.100
320.400
609.0U0
2.123.810
2,000,000
750,000
First
536.800
92.600
30,000
1.605.600
900,000
1,000,000
1,000,000
2,000,000
1.500,000
600,000
Treraont
Washington
9,400
1,300
l,9u0
70.600
121.400
500,000
800,000
800,000
400,000
3,000,000
200,000
1,000,000
1,000,000
Market
741.601
7.900
400,000
1,000,000
800,000
1,000,000
750,000
1,000,000
613.300
Deposits. Circulation
52.383.700
21.133,300
•.‘4,310.500
51.85-i.400
50.731.900
51,164.200
52.862.700
52.722.900
24,449,100
'24.214.400
24.5S (.900
24,777,10(1
52.660,000
24,845,600
21,75 i,000
52,602,000
629,U0ff 1^.Y
ep33;O00
Philadelphia Banks.—The following is the average con¬
dition of the Philadelphia National Banks for the week ending
Monday, April 26, 1875 :
Total net
...
Capital.
Banks.
Philadelphia
North America
Farmers and Mech.
Commercial
Mechanics’
Bank.N. Liberties.
Southwark
Kensington
$l,500,00C
Commonwealth....
500,000
2.515,454
2li,17()
1.5 4,ii00
539,0'O
209,360
5,000
173
2,374,000
1,711.000
500,000
1,000,000
300,000
150,000
Eighth
Central
Bank of Republic..
Security
914.745
674,682
291,000
216,234
l,l(i4,UUU
844,000
2)4.171
340,455
178,278
1,153,000
597
12,000
4,001,000
1,539.0(10
1,170,858
1,479,367
800,506
800,000
Exchange....
Union....
First
Third
Sixth
Seventh
258.610
1,33!), (
2,317,203
2.622.000
768,023
400,000
275,000
750,000
1,000,000
250,000
373 000
2,000
7,000
4,473.000
1,297,000
454,000
121,000
971,103
591.000
581.000
250,000
127,000
206,000
1.126.00C
4.667.000
2,240,000
1,322.000
4,000
650,000
$159,375
600.401
3,387,000
1,151,000
755/00
977,586
5s2.95S
2,7<I8,0U0
1.450,000
4,391,000
461.UOO
325,000
853.000
4,573,00)0
135,000
217,350
$15,851,581
235.000
5'-8.000
981.000
$49,642,d78
793,000
174,000
404,000
Jnc.
$369,448
Dec.
16,2361 Circulation
Dec.
iuc.
345,000
775,0(1(1
255.490
Dec. $201,251 1 Deposits
Legal Tender Notes
450,000
of previous week are as follows,:
The deviations from the returns
Specie
600,000
i<5,000
270,000
359,593
212,950
1,035/00
379,000
107,000
....
$50,978,106
Loans
1.000,000
620,( 00
1.000
1,056,401
250,000
675,662
746,000
26,858
2,464
1.358.915
500,000
400,000
Manufacturers’.... 1,000,000
Bank of Commerce
250,000
Girard
1,000,000
200,000
Tradesmen’s
300,000
Consolidation
Corn
560.685
$1,567,000
1,378,000
1.338,800
675.000
394,666
58S.0U0
470,250
433,000
2'(8,762
217.400
162,725
2,770,000
Penn
Western
City
33,7 CO
3.5(0
1,083
$1,000,000
$3,970,000
3,635,000
4.833,800
1,926,000
1.289,860
2.359,000
1,336,214
196,000
$60,000
$5,276,000
4,5.35,000
5.790,200
2,672,000
2.096,000
1,000,000
2,000,000
810,000
800,000
500,000
250,000
]03
824,400
691,420 1
118,221
Maine 6s
New Hampshire,6s
Vermont os
Massachusetts 6s,
do
Boston 6s,
do
5s,
1(3
110
Gold
105
Gold
Currency
gold
5s,
1.. 103%
let m. 7s
.—
do
land gt. 78 —
2d 7s.
do
laud ino. 12s,.
do"
Boston & Albany 7s,
Boston & Maine 7s
Burlington & Mo. land gt.7s..
do
do Neb. 8s. 1894.
do
do Ntb. 8s, 1883.
Eastern Mass.. 7s
Ind. (Jin. & Laf. 7s,
Frothingham A Co., bankers, 12 Wall street, quote
prices for the present for gold and stock privileges as follows. Double privileges
from
ontrolled.
American gold coin
Western Union Tel. Co.
Pacific Mail S. S. Co
each. $10,000
.
1()0 shares.
..
100
Lake S. & Mich. South. RR. Co..
Chicago & Northwest, (comm n)
Chicago A Rock Island
Milwaukee A St. Paul (common)
Toledo, Wabash & West. RR
Hannibal & St. Joseph
C., C. A r. C. RR
100
100
100
100
ion
100
100
100
100
100
100
“
106 2.5
WASHINGTON, D.
(Bid.
Wash.
Co.S.bon(ls,7e,’75,’76,’;7
Chicago Relief bon is, 1877.
Imp., 6s, g, 1391
do
7s, 1891
..
Perm.
Market Stock bonds. 7s. 1592..
Water Stock bonds 7s, 1901
“
“
7s, 1903...
Fund. Loan (Cong ) 3.65s. 1924
Water Stock 6s 1869
“
“
1874
6 year Cers., 7 3-10, 1875
Ten year Bonds, 6s, 1878
Fund. Loan (Cong ) 6 g, 1892..
90
■
t
t
63%
....
99
88
....!
%
1%
5
3%
73'o
1%
8%
1%
1%
1%
5
1%
1%
1%
1
Bid. Ask
91%
73
JChes. A O.st’k (’47) 6s, at pleas.
90
68%
Calls
above.
PRICES.
“
99
market-
1%
1%
1%
1%
Fund. Loan (Leg),Cs. g, 1902..
Cem. of Stock (1828) 5s, at pleas
(1843)68, at pleas
91
90
69
90
r
Ask
90
95
-Variations
Puts
Price
below.
for 30 days.
$56-25
%
106 25
1%
r>
106 25
106 25
2%
5
106 25
106 25
1%
106 25
6%
106 25
1%
106 25
1%
106 25
1%
106 25
2%
106 25
106 25
106 25
100
N. Y. C. A Hudson Riv. RR.
iui
....
72
40
99
73
104
108
104
Massachusetts
“fA
a'%
do
reir
Philadelphia 6s, old
do
6s, new
Alleghany County 5s, coup...
Pittsburg 4s
5s
7s
New Jersey State 6s,
Camden County 6s
Board of Public Works—
Cers. Gen. Imp.3s, 1874
do
1875
1876
do
do
1377
do
1878
do
Series.
Certificates, Sewer, 8s, 1874-77.
Water Certificates. 8s, 1317.
90
90
91
91
90%
91
90%
91
90%
91
90
74
91
95
do
93%
128%
106
..n
82
pref
pref
Elmira* Williamsport
Elmira & Williamsport pref..
East Pennsylvania
Huntingdon* Broad Top ..
do
do pref.
Leblgh Valley
Little Schuylkill
Parkersburg Branch
Central Ohio
do
preferred
Mlnehlll
Nesquehoning Valley...
Norristown..
Northern Central
North Pennsylvania
Oil Creek & Allegheny
21
44
39%
63
49%
54
=5%
04
30
15%
%
63
Connecting 6s 1900-1904
Chartlers 7s. 1901
Dan.. H. A Wilkes, 1st m.,7i>/87
D- law are mort. 6s, various....
East Penn. 1st mort.7s,’88
El. & W’msport, 1st m, 7s, ’80.
do
do 5s,pcrp
Harrisburg 1st mort.6s,’83....
H. & B. T. 1st mort. 7s, ’90
do
2d mort. 7s, ’75...,
do
3d m. cons. 7s,’95.
Ithaca & Athens g. 7s, ’90
Junction 1st mort. 6s, ’85
do
2d
do
1900...
94%
85
50
98
92
89
98
100
56%
3i”
95
!
Miami,6,1883...
Dayton stock
Columbus * Xenia stock — .
Dayton & Michigan stork ....
Little
Cin. Ham. *
do
8 p. c.
Little Miami stock
st’k guar
6s,’97 to’98
Watei 6s, ’87 to ’89..
Water Stock 6s, ’97.
Wharf 6s
do
do
do
do
do
Jeff.,
do
do
91
special tax 6s of’89.
Mad.* I,lstM.(IAM)7, ’81
do
do
2d M.,7,
1st M.,7,1906....
Louisv. C. & Lex.,1st M.,7, ’97..
Louis.* Fr’k.,lstM.,6,’<0-’?8..
do
Louisv. Loan, 6.’81.
L. * Nash. IstM. (m.s.) 7/77..
do Lou. Loan (ra.a.)6, ’86-’87
74
92%
100
:oi
103
do
do
60
101
170
(Leb.Br.)«,’86
180
44*
45'
*80
*92
104
*105
*102
‘92
*100
*105
110
SB
94
105
1C6
108
94
102
107
115
100
88
104
97
103
85
92
82
100
(00
98
65
103
93
62
l«S
40%
104
(0
86%
86%
86%
96%
86%
69%
73
89
79
85
67
94
66
F6
94
91
98
90
81
78
92
94
65
103
42
105
01
202%
67
S7
S7
87
87
67
90%
74
90
80
86
87%
95
t7
87
99%
(Mem. Br)7/70-’75. 98% 89%
do lstM.(Leb.br.ex)7, ’80-’85 *8% 64
83
do Lou. L’n(Leb.br.ex)6,’93
69
88
do Consol. 1st M.,7,1898....
Jefferson., Mad. & Ind
8
T
do
101
101
102
101% 102%
102%
101% 192
91% 92%
202
stock
85%
LOUISVILLE.
54
Louisville 6s, ’82 to ’87
100
103’*
102
Cin.,Ham. & D., 1st M., 4, 80... 95
do
do
2d M.,7,’85...
do
do
3d M., 8,77... 102
84
Cin.. Ham.* Ind.7s guar
90
Cin. & Indiana, 1st M., 7
do
do 2d M.,7,1877.. 80
98
Colum., * Xenia, 1st M.,7, ’90. 98
Dayton & Mich., 1st M., 7 81.. 92
do
2d M.,7,’84..
do
do
do
3d M.,7,’88.. 88
96
do To’do dep.bds,7,’8l-’94.
88
Dayton & West., 1st M.,7,1905. 75
do
do
1st M.,6,1905.
76
ind., Cin. & Laf., 1st M.,7
to
do
(I. &C.) 1st M.,7,1888
Cincinnati Gas.
101
IstM.
•
59
103
93%
92
105
106%
Lehigh Valley, 6s,1898
do
reg, 1S98 105
do
do
do
78, 1910 (08
do
do
100
do
do
con. in. 6s, 1923 97%
do
do
do reg. 1923 97% 100
Lltt.l e Sell uyl kil LI st M.. 7, 1877. 100
Northern Central, 21 m.,6s,’S5
19”
Northern Pacific 7 3-10s. 1900..
103
North Penn. 1st m. 6s. ’85
:os
do
2d m. 7s, ‘96
do
gen. M. 7s, 1903.. 105
Oil Creek & Ale. R . con. 7s,’88
Oil Creek 1st m. 7s, ’82
78
short
bonds, long.
do
55
104%
104
58
jCin. & Cov.Brldgebonds, pref
stock,
do
50'
52 ■9%
River.
9%
35%
Pennsylvania
?5% 21%
Philadelphia & Erie
21% 56%
Philadelphia & Reading
56%
Philadelphia & Trenton
128
Phlia., Wtlmlng. & Baltimore. 58
United N. J. Companies
129%
Westchester consol, pref
55
CANAL STOCKS.
Lehigh Navigation
51% 51%
Morris
,51
do pref
128
Schuylkill Navigation
7%
do
pref
Allegheny Val. 7 3-10s. !896 —
do
Is E. Ext.,1910
do
Inc. 7s end.’94..
Belvldere Delaware,1st m,6,’77
do
2d M. 6s,’85
do
do
do
3d M. 6s,’87
Camden & Amboy, 6s, ’83....
Jo
do
6s, ’89
do mort. 6s,’89.
do
Cam. & Atlan. 1st m, 7s, g. 1903
do
2d do 7s. 1830...
Cam * Burlington Co. 6s, ’97.
Cayuga Lake 1st m. g. 7s, 19U1
Cincinnati Southern RR. 7.30s
Ham. Co.,Ohio 6 p.c. long bds.
do
do
7 p.c.,lto5yrs
do
do
lg bds,” & i.SOs
—
8
'.
Cincinnati 5s
do
6s
do
7s
do
7-30s..
39
41
15
.
CINCINNATI.
49
39
101
'102
101
do
2d M.,endorsed,6/90
Baltimore & Ohio stock
107
100%
63
new
94
scrip
Central Ohio, 1st M.,6
it‘7%
Marietta & Cin., 1st M.,7,1891. 107
do
do
2d M.,7,1896. 97% 98
Norfolk Water 8s
North. Cent. 2d M., S. F.,6, ’85. 97
do 3dM., S. F.,6,1900 96%
do '
do
do Id M. (Y. & C) 6,’7r 109
do
do Cons, (gold) 6,1900 96% 97%
94
94%
Pitts.* Connellsv., 1st M.,7, ’98
do
do
1st M.,6,1889
:6i*
West Md, IstM., endorsed,6, ’90
85
1st M., unend.. 6,’90.. S2
do
RAILROAD STOCKS.
do
do
97%
’do
1890, Park 6s
Baltimore & Ohio 6s of ’75
do
do
6b of ’80...
6s of’85
do
do
Exempts
20
43%
99
99
1884
6S.190C....;
do
do
92
51
gold, ’97 102%
80
79
Susquehanna os, 7894
BALTIMORE.
Maryland 6s, Jan., A., J. & O.. 101
107% 108
do
6s, Defence
100% 101
Baltimore 6s of’75
105
Camden & Atlantic
do
do
pref
Catawlssa
97”
70%
96
Schuylkill Nav. 1st m.6s,’97..
2d m., 6s, 1907 80%
do
79%
do
m. 6s, c.,’95..
do
68,imp.,’80... 92
do 6s,boat*car,1913 77
do 7s, boat & car,1915 90%
102%
106% 167”
77%
do
do
Camden City 7s
Delaware 6s
Harrisburg City
105%
Hi
97
’7*4
conv*, ’82 102
c conv., g,’94. 105
Morris, 1st M.,8,1876
do
2d M., 1876
do
boat, ’85
Pennsylvania 6s, 1910
BONDS.
66,10-15, 2d
do
15-25. 3d...
RR, *97.... 101%
do
do
do
do
do
Pennsylvania5s, coup
do
do
do
10*
100
101% 102
95
’73
Lehigli Navigation 6s.’31
PHILADELPHIA
STATE AND OITY
60
10
Delaware Division 6s,
12%
Worcester & Nashua..;
56%
CANAL BONDS
Fitchburg.
133* *
Manchester & Lawrence
Nashua & Lowell
98”
Northern otNew Hampshire..
132
Norwich A Worcester
36j* 37
Ogdens. & L. Champlain
85
•S3
do
do
pret....
113% 173%
Old Colony
105
Port., Saco & Portsmouth
3%
Rutland common
25
Vermont &
91
Wilming. & Kead.,lstM.,7,1900
do
do 2d Mort, 1902
Concord
112
Connecticut River
61
Connecticut & Passumpslc, pf.
64% 65
Eastern (Mass.)
60
54
Eastern (New Hampshire)....
132
preferred
Vermont & Canada
so*
25
Union * Titusville
United N. J. cr ns. m. 6s, 94.. 100
81
Warren & F. 1st m. is/96
105
West Chestercons. 7s, ’91
99
West Jersey 1st m. 6s, ’96
do
do 78,1897.... 102
Western Penn. RR.6s, 1598....
91
Vy°%
do
reg,1911 107%
7s, 1893 107% 108
do
new conv.
Sunbury & Lewiston 7s, I860..
90%
138%
& Albany stock.
79
A Lowell stock
A Maine
*| *••• 119%
152%
A Providence
*1?r% 115%
113*
Burlington & Mo. in Iowa,...
49
49%
do
in Nebraska
70
Cheshire preferred
Cin.,Sandusky & Clev.Btock.
g.m.7s,c. 1911 (07%
C.&I.Co m.,7s.‘92-’3
Pitts., Cin. * St. Louis7s, ’90.. 76%
Shamokin V. & Pottsv. 7s, 1901. 83
Steubenville* Indiana7s.’84
Stony CreeK, 1st m., 7s, 1907... l6o'
Sunbury & Erie 1st m.7s,’77.. 100
166*
Ogdensburg & Lake Ch. Ss
108
Old Col. & Newport Bds, 7, ’77. 1075k
70
Rutland, new 7s
20
Verm’tCen.,lst M.,cons.,7,’86
6
do
2d Mox t., 7,1891
Vermont & Can., new, 8s
Vermont & Mass., 1st M. 6,’83
Boston
Boston
Boston
Boston
96%
90%
102
do
'7s,’91- h 6%
deb. bonds,’98 81%
do
do
do
1869
equipment 10s.
funded debt 7s
do
do
1U2%
do
74%
14%
STOCK PRIVILEGES.—Alex.
Amount
74'
103%
102
102
90
do
do
,
RAILROAD BONDS.
cost double the amount named
104
Pennsylvania, 1st M.,6,1880...
no
gen. m. 1910, coup
do
gen. m., reg., 1910
Perklomen 1st m.6s,’97
Phila. & Erie 1st m.6s,’81.....
do
2d m. 7s. ’88
Philadelphia & Keading6s, '80
102*4 102%
102% 102%
Municipal 7s
do
Bid. Ask
8BOURITIK8,
Penn* N.Y.C.*RK7s.’96-i906. 106
BOSTON.
100
490,8(10
PH1L4DKLPUIA, B/iLTliHOBE,
Bid. Ask.
8KCUBITIK8.
$183,000
$17,300
867,100
600,000
Boylston
$435,000
(lUUTATlUNS IN BOSTON,
$41,300
73,100
$1,512,700
3,096,900
4,134,000
2.283.300
1.990.400
501,600
1.031,500
2.433.200
2,037.100
2.506.500
$750,000
1,500,000
2,000,000
1,000.000
Atlantic
[May 1,1875.
CHRONICLE.
THE
422
20%
Louisv., Cin. & Lex..pref
do
do
common.
Louiaville & Nashville
4
6
31
35
ST. LOUIS.
*96%
St Louis 6s, Long Bonds
•ICS
Water 6s gold
do
do
do
do (new)* 102%
87%
North Missouri. 1st M.7s... .
40
At.* Pacific guar, land grants
do
2d M
Pacific (of Mo,) 1st M. gld....
do
2d M. bds. ...
do
do
do
stock
Kansas Pacific stock
.
do
IstM.gld6s.J. &
do
do
do F.&A
*
And Interest.
p..
•• •
89
96'
80* 85
54
11%
70
75-
United
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
States Bonds ana active Railroad Stocks are quoted on a previous page and not repeated here,
value, whatever the
cent
Bid. ABk.
SECURITIES.
State Ronds.
Alabama 5s, 1883
de
58, 1836 ....
do
8s, 1886
do
8s, 1888
do
8s, Mont. & Euf
do
8s, Ala. & Chat.
48"
’la R.
R..
7s,gold bonds...
10
10
10
10
10
115
Kentucky 6s
Louisiana 6s
1879,....
do
do
do
-
-
t
-
t
83
....
105
110
101%
101%
L00%
100%
Funding bonds due In 1894-5.
Long has. due ’81 to ’91 lncl.. 100%
100
Asylum or Univers., due 1892. 101
Han. & St. Joseph, due 1875,
...
do
do
do 1876. 101«
do
do
do 1S86. 100
do.
do
do 1887 100
New York Bounty Loan, reg.. 108% 109
do
conn, 108)4
do
do
6s, Canal Loan, 13.5 no
do
6s,
do
1877, 110
do
6s,
do
1878 110
do
6s, gold reg....1887 116
do
6s, do
coup..1887 116
do
6s, do loan..1883 116
do
6s, do
do ..1891 116
do '
5s, do
do ..1875 114
do
5s, do
do
North Carolina 6s, old, J. & J..
20%
do
50
57
N. C.RR....J.& J.
do
50
....A. & O.
do
do
37
do coup off.J. & J.
do
37
do do off.A.&O.
do
12* 18
Funding act, 1866..
do
11
do
1868..
do
12
New bonds, J. & J.
do
11
A. & O.
do
do
4
6
do
Special tax, Class 1
4
5
do
Class 2
do
4
Class 3
do
do
101
Ohio 6s, 1875
105
do 6s,1881
108
do 6s. 1886
107
Rhode Island 6s..i
33
South Carolina 6s
33)4 35
do
Jan. & July....
32%
do
April & Oct....
32%
do
Funding act, 18
32%
do
Land C, 1889, J.
33
34
do
Land C, 1889, A.
33
35
do
7s
of
6
6%
do
nonfundable bo
70
Tennessee 6s,old
49* 50%
do
do ex coupon.,
70
do
do new bonds,
->
49
50'
do
do
do
ex<
s
49
50%
do
do
do new s<
102
Texas, 10s, of 1876
34
Virginia 6s, old
34
do new bonds, 1866..
do
34
do
do
1867..
do
60
do consol, bonds
do
54% oiido ex matu d coup,
"do
40% 40*
do consol. 2d series,
do
8\
9%
do deferred bonds...
do
70%
District of Columbia 8.65s
T
.
T
*
*
*
.
♦
r
r
.
85
107
no
115
62
.
Chle., Bur. & Quine
■ ‘
Cin.& fndianap.
Cleve., Col., Cl
Dubuque & Sioux City
.
.
Erie pref..,
Hannibal & St. Joseph, pref.
Illinois Central.,
•
105
do
.
2d pref
.
Michigan Central
.
Morris * Essex
Missouri, Kansas & Texas.
.
.
Ohio* Mississippi, pref....
Pacific of Missouri
.
138%
54
*
T
_
_
do
do
do
pre f
Belleville & So. Illinois, nref.
8t. Louis, Iron Mount. &!Soutl; :
i
oledo, Peoria & Warsaw
103
American District Telegraph..
Boston Wafer Power
:
.
.
.
.
American
coai
96%
95*
....
65~- 7i"
Quincy* Warsaw 8s
58
98%
•••
pq|
""
102
102%
97%
104*%
....
....
....
83%
*
*
*
84
37
Det., Lans. & Lake M. 1st m. 8s
102
85
2d m. 8s
do
Dutchess* Columbia7s..; —
Denver Pacific 7s, gold
Denver & Rio Grande 7s, gold.
Evansville & Crawfordsv.,7s..
105
100%
103
95~
....
95%
""
106
106%
U3% iii
83~
•.
100%
102*
l02%
-
-
-
T
-
•
-
,
-
99
99
T
u7% ii4%
do
do
reg
87% 89"
North Missouri, 1st mort
99% ICO
Ohio & Miss., consol, sink, fd
99
100
do
do
consolidated
78% 78*
do
2d
do
do
Central Pacific gold bonds.... 102% 103
1
93%
do San Joaquin br’nch 93
do Cal. & Oregon 1st., 94%
b
do
State aid bonds
97% 98%
Western Pacific bonds
s
Union Pacific, 1st mort. bonds 101% 101%
Land grants, 7s. 98
98%
do
94
do
Sinking fund... 94
96
Pacific R. of Mo., 1st mort.
do
do
IstCaron’tB. 80* 85
83*
do
do
2d mort
Pacific R. 7s, guarant’d by Mo. 102
20 "
22“
.
'.
Pitts., Ft. W. & Chic., 1st mort.
do
do
2d mort.
do
do
3d mort.
:
Cleve. & Pitts, consol, s. fund.
do
do
3d mort
do
4th mort
do
Col.. Chic. & Ind. C. 1st mort.
do
do
2d mort..
t
Rome, Watert’n & Og.con. 1st
St. L. & Iron Mountain, lstm..
do
do
2dm..
Alton Si T. H», 1st mort..
'
.
i6** is"
65
70
12i%
.
r
r
t
no
ice
100
loi
....
•
•
•
•
97
50%
50%
18
....
....
92
90
70
60
30
40
45
116
104%
103
35'
35
70
75
70
55
108
85
40
103*
103
103
103
103
103
20
103
59
60
68
100
94
20
95
do
2d, guar.
do
St. L. & So’eastern 1st 7s, gold.
St. L. & I. Mt. (Ark. Br.) 7s, g.
Southern Central of N. Y. 7s...
Union* Logansport7s
Union Pacific, So. branch, 6s, g
Walklll Valley 1st 7s, gold
West Wisconsin 7s, gold.......
Wisconsin Valley 8s
16
82
85
101
90
60
85*
55
44
CITIES.
74
82
87
57
TO
62
78
80
78
50
43
Atlanta, Ga., 7s
8s
Augusta, Ga., 7s, bonds
Charleston stock 6s
Charleston. S. C., 7s, F. L. bds.
Columbia, S. C., 6s
Columbus, Ga., 7s, bonds
Lynchburg 68
Macon 7s, bonds
Memphis old bonds, 6s
new bonds, 68
do
do
end., M. & C. RR.
Mobile 5s,(coups, on)
do
8s,(coups, on)
55
...
Montgomery 8s
70
Nashville 6s, old
do
6s, new
New Orleans 5s
do
consol. 6s
do
bonds, 78
g«ld7s, quarterly
10s
to railroads, 6s..
84
50
35
»
40
37
Petersburg 6s
Richmond 6s
Savannah 7s, old
f]
do
95
93
N. C., 6s, gold....
do
8s, gold....
r»* •
Land warrants...
35
38
50
42
68
80
85
90
80
RAILROADS.
Ala. & Chatt. 1st m. 8s., end....
Ala. & Tenn. R. 1st mort. 7s...
do
do
2d mort. 7s
20
Atlantic & Gulf, consol
do
do end. Savan’h.
do
do stock
do
do
do guar...
Carolina Central 1st m. 6s, g...
Central Georgia 1st mort. 7s... 100
do
consol. 111. 7s. 93
55
do
stock
Charlotte Col. & A. 1st M. 7s... 62
do
do
stock
Charleston & Savannah 6s, end
Savannah & Char. 1st m. 7s—
Cheraw & Darlington 7s
East Tenn. & Georgia 6s
East Tenn. & Va. 6s, end. Tenn
E. Tenn. Va. & Ga. 1st m. 7s...
do
stock
do
Georgia RR. 7s
do
stock
:
Greenville & Col. 7s, guar
Erie & Pittsburg 1st 7s
do
do 7s, certif
do
do
2d 7s
Macon & Brunswick end.7s...
do
do
78, epuip
Macon & Western stock
Evansville, Hen. & Nasliv. 7s..
Macon & Augusta bonds
Elizabethtown & Padu. 8s, con.
endorsed....
80
do
do
Evansville, T. H. & Chic. 7s, g.
stock
do
do
Flint & Pere M. 7s, Land grant. 90
Memphis & Charleston 1st 7s..
Fort W., Jackson & Sag. 8s— 50
2d7s...
do
do
102
Grand R. & Ind. 7s, gold, guar.
do
do
stock
85
do
do 7s, plain
95
98
Memphis & Little Rock l6t m..
Grand River Valley 8s
82% Mississippi Central 1st m. 7s...
Hous. & Texas C. 1st 7s, gold.. 80
do
2dm. 8s....
Indianap. & Vincen. 1st 7s, guar 80
85" Mississippi & Tenn. 1st m. 7s..
Iowa Falls & Sioux C. 1st 7s...
do
do
consol. 8s.
85
Indianapolis* St. Louis 7s....
70
Montgomery & West P. 1st 8s.
Houston & Gt. North. 1st 7s, g.
do
do income
65
58
International (Texas) 1st g. ..
Mont. & Eufaulalst 8s, g. end.
lnt., H. & G. N. conv. 8s
Mobile & Mont. 8s, gold, end..
Jackson, Lansing & Sag. 8s— 98' lOO"
Mobile & Ohio sterling
85
Jack., N. W. & S. E. 1st m. g.7s
do
do
do ex certif
80
83
Kansas Pac. 7s, extension, gold
do
do 8s, interest
70
do
78, land grant, gld 67
do
do 2d mort. 8s
65
do
7s,
do new kid
do
do stock
73
do
68,gld, June&Dec 7i'
N. Orleans & Jacks. 2d m. 8s...
76
do
68, do Feb. & Aug T2
do
do certif’s 8s..
91
95
do
7s, 1876, land grant
N. Orleans & Opelous. 1st m. 8b
do
7s, Leaven, br’nch
26" Nashville & Chattanooga 6s...
do
Incomes, No.11... 23*
Norfolk & Petersburg lstm.8s
20
do
No. 16... 19
do
do
do
7s
22
24
Stock..
do
do
do
2dm. 8s
95
Kalamazoo & South H. 8s, guar
90* 100
Northeastern, S. C., 1st m. 8s...
Kal., Alleghan. & G. R. 8s,guar 85
do
2d m. 8s...
95
Kal. & White Pigeon 7s....
100
Orange & Alexandria, lets, 6s..
95.
Kansas City & Cameron 10s
do
2ds, 6s..
do
50
Kan. C., St. Jo. & C. B. 8s of ’K5
do
do
3ds, 8s..
do
do 8s of ’98
do
do
do
4ths, 88..
Keokuk & Des Moines 1st 7s... 70
Richm’d & Petersb’g 1st m. 7s.
L. Ont. Shore RR. 1st m. gld 7s.
Rich., Fre’ksb’g & Poto. 6s—
Lake Sup. & Miss. 1st 7s, gold. 30'
do
do conv.7s
Leav., Atch. & N. W. 7s, guar..
Rich. & Danv. 1st consol. 6s...
Leav., Law. & Gal. 1st m., 10s.. 15*
Southside, Va., 1st in. 8s
91
Louisiana & Mo. Riv. 1st m. 7s.
do
2d m., guar. 6s.
Logans., Craw. & S. W. 8s,gld. 22
do
3dm. 6s....—
105
100
Michigan Air Line 8s
do
4th m. 8s
55
Monticello & P. Jervis 7s, gold
Southwest RR. Ga.lstm..,,.
27*
Montclair 1st 7s, gold
do
stock
66'
Mo., Kansas & Texas
gold..
S. Carolina RR. Tst in. 7b, new.
Mo. R., Ft. S. & Gulf lstm. 10s. 5i*
do
6s
50*
do
do
do 2a in. 10s.
do
7s
32M SIX
N. J. Midland 1st 7s, gold
do
stock
20
do
2d 7s
West Alabama 8s, guar
21
N. Y. & Osw. Mid. 1st 7s, gold, 18
past DUB COUPONS.
5
do
do
2d 7s, conv.
*3* Tennessee State coupons
do
West. Extension 7s.
30
Virginia coupons
27%
N. Haven, Mlddlet’n & W. 7s.
21
20
North. Pac. 1st m. gold 7 S-10s
do
40
45
65
80
70
37
55
38
90
65
nptir
r\
Wilmington’
60
70
50
70
Securities.
Southern
do
98*
40
60
68
55
75
Sandusky, Mans. & Newark 7s.
St. Louis, Vandalia & T. II. 1st.
do
do
Norfolk 6s
50*
50
64
95
85
75
96*
92
Rondout & Oswego 7s, gold...
Sioux City & Pacific 6s
South Pacific 6s, gold
Southern Minn, construe. 8s...
7s..
do
St. Jo. & C. Bl. 1st mort. 10s...
do
do
8 p. c.
St. Jo. & Den. C. 8s, gld, W. D.
do
do
8s, gld, E. D..
do
65
is*
95
ICO
75
46
25
95*
.
-
...
57)4
ei"
do
.
.
.
*9*
50
Illinois Grand Trunk
40
Chic., Dub. & Minn. 8s...
r os
Peoria & Hannibal R. 8s..
94
98"
Chicago* Iowa R. 8s....
103
American Central 8s
95*’
Chic. & Southwestern RR. 7s.
25
Chesapeake & O. 2d m. gold 7s
95
Col. & Hock. V. 1st 7s, 30 years 85*
95
do
do
1st 7s, 10 years
90
do
do
2d 7s, 20 years
40
20
Chicago, C. & Dub. 8s
105*4 106 >4
Chicago, Bur. & Quincy 7s
25
Chic. & Can. South. 1st m. g.7s
40
Ch. D. & V., I. div., 1st m. g. 7s.
20
Chic., Danv. & Vincen’s 7s, gld
94
92
Connecticut Valley 7s
68
Connecticut Western 1st 7s...
44* 45
Chicago & Mich. Lake Shore.
35
■10
Dan., Urb., Bl. & P. 1st m. 7s, g
Des Moines & Ft. Dodge 1st 7s.
Detroit, Hillsdale & In. RR.Ss.
100
Detroit & Bay City 8s guar.... 97
60
70
Detroit, Eel River & Ill. 8s
.
..
.
103%
....
do special.
VW,| JLKIIUUIUI C
85
....
*
t
45"
45
79
57
50
Missouri, 1st m.
6s, 2dm., g
Canada & Southern 1st 7s, gold
Central Pacific 7s, gold, conv..
do
Land grant 6s,g
Central of Iowa 1st m. 7s, gold
2d m. 7s, gold
do
do
Keokuk* St. Paul 8s...
Carthage & Bur. 8s
O',
Dixon, Peoria & Han. 8s.
O. (). & Fox R. Valley 8s.
105% 103
ao
7s, 3d mort., 1875
Harlem, 1st mort. 7s, couf)..
-
*
42%
do
...
Rensselaer & Saratoga
: 1H%
Rome, Watertown & Ogdens.
St. Louis, Alton & T. Haute.. !
7
Lent. N. J. Land Improv. C
.D laware & Hudson
Canal.
gjj*
86
99%
86*
ii5%
105*
T
97
98*
....
45"
T
*
.
96%
.
do
8
73
102
102
95
90
do
"
56%
.
....
*6% ■7%
New Jersey Southern
N Y., New Haven & Hartfo
„
i2
•
*
do
6s, real estate....
do
6s, subscription.
101
do
7s, 1876
do
7s, conv., 1876....
do
78,1865-76
do & Hudson, 1st m., coup ;
113%
do
do
1st m., reg
110% 111
Hudson R. 7s, 2d m. s. fd. 188
•••
108
112
117
63
....
Joliet & Chicago
Long Island
Marietta & Cin., 1st prof...,
*
79**
.
32
.
....
105% 106%
consol
New York & New Haven 6s,
N. Y. Central 6s, 1883
do
68, 1887
94%
56
.
82
equipm’t bonds...
Jersey Southern, 1st m.7s
do
102% 106
.
79~
7s, cons. mort. gold bds.
New
Railroad Stocks.
.
....
.
.
82
63
36
30
114
104
Land m. 7s....
do
do
\o
do
2dS.,do 7s.... 108
..0
8dS.,do 88— 108
do
do
do
4thS., do 8s... 108
do
do
5thS., do 8s... 103
6th S., do 8b. . 108
do
do
Creston Branch 108
do
do
do Ohariton Branch 108
do
Bur.,C. R. & M. (M.div.).g. 7s. 30
Cairo & Fulton, 1st 7s, gold.... 58
California Pac. RR. 7s, gold... 60
90
79
75%
do
.
pref
85
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, 1st.
Lake Shore Div. bonds
do
Cons, coup., 1st...
do
Cons, reg., 1st
do
Cons, coup., 2d.
do
Cons, reg., 2d...
Marietta & Cin., 1st mort...
Mich. Cent., consol. 7s, 1902
dO
1st m. 8s, 1882, s. f.
.
....
mtscellaneons List,
Atchison & P. Peak, 6s, gold...
Atlantic & Pacific L. G. 6s, gld.
Atchison &JNebraBka, 8 p. c...
Mo. I lv., stock...
Bur.
f”
85%
Detroit, Monroe & Tol. bonds.
102
Buffalo & Erie, new bonds....
.
do
118% 118%
103* 106
con.conv
....
.
do
103
2d mort.
....
.
Chicago & Alton
106% 106%
1st consol....
...
.
-
-
104%
Mich. So. 7 p. c. 2d mort
110%
Mich. S. & N. Ind., S. F., 7 p. C.
Cleve. & Tol. sinking fund— 107%
102
do
do new bonds
108
Cleve., P’ville & Ash., old bds.
do
do
new bds 102
*
....
.
Long Dock bonds
Buff., N. Y. & Erie, 1st m.. 1877
do
do
do
large bds
107%
Han. & St. Jo. land grants...
8V*
do
do
88, conv. mort.
Illinois Central, 7 p. c., 1875..
102~
Dubuque & Sioux City, 1st m.. 102
2d div.
do
do
Cedar Falls* Minn., 1st mort. 83%
35
Indianap., Bl. & W., 1st mort.. 10
do
do
2d mort.
.
T
*
109
111
do
endorsed.,
2d mort,,7s, 1879....,
3d do
7s, 1883....
4th do
7s, 1880
5th do
7s, 1888.. .
do
do
do
do
do
do
....
Cin., Lafayette & Chic., 1st m.
Del. & Hudson Canal, 1st m„ ’91 109
do
do
1884 107% 109
do
do 1877
97%
Long Island RR., 1st mort
Nashville & Decatur, 1st m. 7s.
South Side, L. I., 1st m. bonds.
Western Union Tel., 1st m. 7s. 103"
-
*
•
Erie, 1st mort*. extended,
.
-
r»
Bid. Ask
SECURITIES.
Omaha & Southwestern RR. 8e
Oswego & Rome 7s, guar
Peoria, Pekin & J. 1st mort—
Peoria & Rock I. 7s, gold
57
Port Huron & L. M. 7s, gld, end
do 7s, gold...
do
Pullman Palace Car Co. stock.
do
bds, 8s, 4th series
Rockf’d, R. I. & St. L. 1st 7s, gld
63 * Rome & Watertown 7s
57% Rome, W. & Ogdensburg 7s...
Pekin,Lincoln & Decatur, 1stm
102%
113%
105*
7s
....
20k
.
Han. & Central
92"
1st in., guar.
consol, m.
55
Lafayette, Bl’n & Miss.. 1st m.
....
represent the per
list.
91)4
Illinois & So. Iowa, 1st mort...
109
109%
C.,C.,C.& Ind’s.lstm.78, S. F. 110
Del., Lack. & Western, 2dm...
120
120%
do
do
7s, conv.
114
115
Morris & Essex, 1st mort
107%
2d mort
do
do
do
do
bonds, 1900...
construction.
do
do
106* *
7s of 1871
do
do
107
iio
T
*
....
1st mort....
Income
Peninsula, 1st mort., conv
Chic. & Milwaukee, 1st mort..
Winona & St. Peters, 1st mort.
do
do
2d mort..
....
Central Pacific
do
37
33
Quincy & Toledo, 1st mort. 1890
..
100
100
.
*
...
100)4
(Active previously quoted.)
ex cou
29~
30
30
42
86
Mil. & St. Paul 1st m. 8s, P. D..
7 3-10 do.
do
do
do
do
do
7s, gold, R. D.
1st m.. La C. D.
do
do
do
1st m.I.& M.D.
do
1st m. I. & D..
do
do
1st Ill. II. & D.
do
do
lBt m. C. & M.
do
do
1st Consol.
do
do
2d m.
do
do
do
Chic. & N. Western sink. fund.
do
do
do
do
ext’n bds.
do
do
1st mort..,
do
do
do
do
cp.gld.t
do
reg. do
do
Iowa Midland, 1st mort. 8s
Galena & Chicago Extended...
do
do
2d mort
1875..
..of 1910.. lOi" 106*’
Albany* Sftsquehanna
Mo
do
do
do
do
do
do
40
40
25
37
1877.
1878/
1879
1880
do
dc
do
do
do
do
do
do
s
37%
c
do
do
93
37
37
37
37
Michigan 6s, 1878-79
do
6s,1883
do
7s, 1890
Missouri 6s, due in 1875
do
do
1876
23%
guar....
do
104%
Prices
a separate
Bid. Ask.
do
W. D..
do
do Bur. Div.
do
do 2d mort..
do
do consoles
do
Tol. & Wabash, 1st in. extend.
do
lstm.St.L.div
do
do
2d mort
do
do
do
equipm’t bds.
do
*
con. convert..
do
Hannibal & Naples, 1st mort...
Great Western, 1st mort., 1888.
do
2d mort., 1893..
110%
....
icagi0,1st mort...
101
Penitentiary
levee bonds
do
do
do
.
101
102
new bonds.,
new floating debt
8s,
88,
SSi..-
,
93
90
101
101
;.
do
do
7s,
6s,
do
do
do
do
do
do
do
87
do
do
2,1st I
r
107" 109**
.
2d
3d
do
do
70
110
quoted in
Alton & T. H., 2d mort. pref...
do
do
2d mort. income
Belleville & S. Ill. R. 1st m. 8s.
•
8
20
69
do
do
lost<
do
11!
•
6
pref
Railroad Bonds
25"
•
"5*
Co...
....
.
1877...
%
]
_
7s, L. R.,P.B. &N.O.
78, Miss. O. & R. Rlv.
7s, Ark. Cent. R.
California 7s................
do
7s, large bonds..
Connecticut 6s
Georgia 6s
do
7s, new bonds. ...
do
7s, endorsed
Indiana 5s
Illinois 6s, coupon,
do
do
do
War loan
•
are
SECURITIES.
49 %
49)4
do
48
L. R.
7s, Memphis &
Bid. Ask.
SECURITIES.
;;;;
8a...'
of 1892
Arkansas 6s, funded.
do
7s, L. R. & Ft. S. lss.
do
do
do
do
ocal Securities ”
“ iV*. T. Loc
be.
nar may
1
(
do
do
428
THE CHRONICLE.
May 1, 1876.]
Ido consol, coup
Memphis City coupons
93
50
64
9
83
30
52
42
73
•
*
• <
10
30
75
102
95
57
67
35
62
70
90
75
75
92
00
93
80
54
50
87
81
88
90
15
85
72
10
65
85
75
90
67
95
60
25
60
60
55
55
50
10
98
90
85
80
93
88
82
92
86
90
82
91
75
90
80
80
68
94
55
67
10
90
52
30
es
57
40
50
60
90
I May 1,1875.
CHRONICLE.
THE
424
LOCAL SECURITIES.
NEW YORK
Bailey, broker, 65 Wall street.)
(Quotations by E. S.
Price.
Dividends.
Capital.
Companies.
Net Sup
Capital.
*
Marked thus (*) are
Par Amount
not National.
America*
American Exchange.
Bowery
Broadway
...
1873
J. & J.
10
8
M.&N.
J. & J.
J. & J.
Q-J.
J & J.
J. & J.
2,000,000
450,000
800,000
City..
....
...
Dry Goods*
East River
Eleventh Ward*
Filth
First
Fourth
Fulton
Gallatin
10
8
J.& J.
800,000
12
100
10
10
20
8
20
8
4
10
8
2 inos
J. & J.
Q-F.
J.
J.
A.
J.
J
J.&
J. &
F. &
J. &
J &
j‘. &
J. &
1,500,000
1,000 000
100,000
1,000,000
350,000
*00,000
J.
Q—J.
Q-J.
000,000
J. & J.
M.&N.
A.& ().
F.& A.
M.&N.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
600,000
500.000
i
German American*.
German Exchange*..
Germania*
2*000,000
210,OIK
200,000
20" .000
100,100
300,000
Greenwich*
Gran i Central'
Grocers*
Hanover
Harlem*
l
Importers’ & Traders’.
1.50' V0-'
0U0."0i'
Leather Manufactrs...
loaners’*
Manufctrers’& Build.*
Manhattan*
Manul & Merchants*.
Marine
Market
Mechanics
Mech. Bkg Assertion..
Mechanics & Traders..
Mercantile
Merchants
Merchants’ Ex
2,050,000
1.000.000
2.000,000
10
8
600.000
1,000.000
3.<X!O.OCO
l.OOO.OfX,
Nassau*
New York
New Yo«k County
N Y. Nat. Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nortn America*
North River*
Oriental*
Pacific*
Park
Peoples*
Phenix
Produce*
1,000,000
3.000.000
200,000
.
.
500,1'i.O
500,(XX)
1.500,0(0
180.900
.
1,000,000
.
J. & J.
Q-F.
J
& J.
J & J
J. & J.
2,000,000
412,500
.
.
.
1,800 000
25C.0O0
2,000,(XX1
ldXXl.OOO
300.000
.....
J. & J.
J. & J.
J. & J.
J.& J.
M.&N.
J. & J.
J. & J.
J. & J
M.&N.
J. & J
300.000
200 000
2,000,0'0
l,(XXi.000
1.'00.000
1.000,00'
1,500,i KXi
200,000 |
do
Harlem
.
.
Par! Amount.
25i 2,000,000
20; 1,200,000
3(X).":‘0
501 1,850,000
201
386,000
certificates....
...
Jersey City & Hoboken
50l 4,000,000
ioo: 2, oo.ooo
....) 1 100,000
i 500,000
Manhattan
Metropolitan....
certificates
bn s
do
do
Mutual, N. Y..
Nassau. Brooklyn.
.
do
scrip
New York
,...
12
10
10
8
10
10
8
6
1,000.000
5<X)."00
4,000,000
1,000,000
Feople’s (Brooklyn)
do
do
bonds
Westchester County
C irtltioateB
Bonds
300,000
4*6,000
53,000
50
VI.' (X-
50
Williamsburg
do
Bue.ck.er St.it FuttonBerry—stuck
1st mortgage
Brooklyn City—stock
1st mortgage
614,(XX)
2,100,000
1,600,000
2,000,000
Broadway (Brooklyn)—stock
Brooklyn it Hunter's Pt—stock... •(XI
1000
1st mortgage bon^s..
100
central Pk, N. tfe E. River—stock
1000
**t mortgage
10
4
8
10
14
Berry—stock..
Central Cross Toicn — stock
1st mortgage
ftinth Avenue—stock
1st mortgage
...
Seu>nd Avenue—stock
1st mortgage
2tt mortgage
3d mortgage
Cons. Convertible
Str.th Avenue- stock
11 t mortgage
Third Avenue—stock
1st mortgage
Twenty-third Street—stoeg
IT ,PP
*
...
.
8
12
8
8
6
10
12
9
8
Knickerbocker...
125
103
106
Lafayette (B’klyn)
Lamar.. [
’.33
135
Lenox
Long l8land(Bkly.)
1(8
133
b 9
.
.
136
.
......
.
100
115
104
118
93
.....
.
-
lt’Ok
8
12
11
8
152
140
Montauk (B’klyn).
Nassau (B’klyii)..
National
N. Y. Equitable....
New York F're
N. Y. & \ onkers..
Niagara
North River
154
96
98
ico
.
.
t
f
.
„
r
.
.
•
Last
diviuend.
Bid.
225
4
Feb.,
’75.
•
Askd
230
07
Jan
’75.
Mch. ’75.
Men 9, '75
100
130
165
125
5
200 (CO
200,000.
20U.( 00
21N',000
150,000
200,000
200,000
200 000
Stuvvesant
Tradesmen’s
United States
Westchester
Willlamshn rg Cltv.
200,000
150,000
250,000
Safeguard
*
(»ver al'
J.&J.
M.&N.
Q-F.
M.& S.
F.& A.
2 x Apr.. ’15
4
J ► n. 4,’75
7
5
v,ar„ ’7-'.
J. & J.
J.&J.
J. & J.
1 Jan., *75.
9(X).(XX)
1000
100
1000
!00
1(XX>
50
203,000
750,(XX'
220,000
5)0,000
200,000
797,000
167.000
!,' 99.500
350,000
200,000
150,000
1000
Six, 00
100
750,00(
10X1
250,000
100 2,(00,(XX)
J. & J.
J. & J.
J.&D.
Q-F.
1000
100
1KXI
2,000,000
600,00"
120.(XX)
J.&J.
Q-F.
J.&D
J.&J.
J. & J.
M.&N.
A.&O.
98
145
T
«
,
r
1(H)
125
85
110
90
77
eb.,’75. .5
Jan., ’75..r
97
115
no
300
*•3
Jan ’75..?
J n..’75...8
,
Jan., ’75.2?
Jan..’75..5
1(H)
122
320
Jan.; ’75..?
100
TtT
i05
iio
Jan.,’75. .6
115
85
150
170
130
1S5
Jsn.,’ 5. .►
M cb.,*75. .5
J u..’75.K
Jan., ’75.1(
Jan., *75.1'
10
20
20
10
T
85
,
dan..
ico
90
110
100
*0
125
iO
1P0
75
162
>85
103
’75.,?
Jan., *75.1(
Jail
140
100
165
Jan., ’75..*
Jan., ’-5..5
Jan., ’75. .5
Jan., *75..7
Jan., ’75.20
Jan., ’75..5
10
10
17
1"
20
20
10
20
-0
90
95
J n.,*75..5
Jen ,’75..5
'75.
Jan., ’75.U'
Jan., '75.1P
Jan.,’75..6
Jan., ’75.10
Feb ,’75.10
Jan.f’75..?
.?
tT-
SO
lit*
195
185
UO
SO
112
•Jan.,
‘/(I
Jai'„ ’75.Id
Jail., ’7'.If
F- b.,’75.1('
14
10
8
10
Jan., 75.10
Jan., 75.10
Apr.,*75..6
^
T
220
160
165
2(0
210
155
112
115
•
"
10
's'
8k
io' jan".,*
n
14
10
20
10
1
15
10
10
16
10
14
io
12
20
10
6
5
10
13
’75*
5
an., ’75. .5
J n., ’75..5
Jan
’75 5
Fet.,’75.10
J n., ’75..5
Feb.,’75..?
'0
20
'
166
120
J* n.,’75..?
Ja ..,'75.. .6
7
liabilities. Including re-insurance, capital and
,
-
Jan.. *75. J
Jan., ’75..5
Keb.,’75 .?
Ja .„ ’75.10
J n., *75.10
Jan.,’75..8
Jan
.
*75.16
•
t
• •
"^5* *
90
75
175
95
81
185
120
95
95
145
125
-
*,tft*
150
165
110
160
t
|ff
1
| i’io
170
nrnflt serin
and 2J percent
5
i
7
1
P0
100
’75
Jan.,
136
100
4>7
lu
Jan.. 75
20
70
69
70
•
1884
May.’75
1872
Bondsdue.
Rate.
100
Jan.,75
96
195
102
152k
18*8
5
68
85'
85
7
New York:
Water stock
1841-68.
do
1954-57.
Croton water stock.. 1845-51.
do
..1852-60.
do
Croton Aqued’ct8tock.l865.
do
pipes and mains
do
reservoir bonds
72k
Q.-F.
J.&D.
F. & A.
A.&O.
M.&N.
M.&N.
.J. & J.
5
6
5
6
6
7
6
5
6
5
Central Park bonds. .1858-57.
do
do
Dock bonds.
do
..1853-65.
1852.
1870.
Floating debt stock
Market stock
I860.
1865-68.
1863.
Soldiers’aid fund
do
do
7
6
7
A
6
do
Ft b.,’75
w
_
.
,
„
T r
Jan.,’75
03
1.55
90
95
M
y. *75
1878
7
Feb. 74
1877
1876
1885
1888
5
do
70
100
7
1890
<t
Feb., *7J
7
4
7
lf.90
i"6
Jan.,’75
10)
100
stock*, also date of maturity of bond*.
Cit\ bonds
do
Park bonds
Water loan bonds
do
do
Ex Jan. interest.
‘
.
7
do
do
do
do
January & July.
do
do
do
do
do
do
Jan., May, July & Nov.
Jr.,
January & July,
1870-80
1875-79
1890
1883-90
1884-1911
Ask.
7
do
do
do
do
oo
do
do
do
do
do
do
do
May & November.
do
do
107
99
•:oi
101
1P4K
107
101
*103
92
101*
91
101K
101 'A
110
102
91
101k
93
110
100
110
ioi k
102
102
108
Ilf
,02
195
95
18771899-1902
1372-79
1874-1900
1S75-91
90
100
102
1875-80
If 3
H6
109
105
H9k
111k
Broker, 2k Wall st.]
7
7
7
6
tFiat.
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
1879-82
do
do
do
7
6
6
City bonds
Kings Co. bonds
*
7
7
7
7
RrMge bonds
Water loan
135
6
1852 -67.
c.1869-71
[Quotations by N. T. Berks,
Brooklyn Local Improvem’t
Feb.,May, Aug.& Nov.
May & November.
99
do
do
do
dc
do
do
do
do
do
7
var.
75
K0
100
108
May & November.
Feb., May Aug.& Nov.
do
do
6
var.
Sewerage bon dj
1866-69.
Bergen bonds
1868-69.
Assessment bonds... 1870-71.
1901
do
do
do
do
dc
6 g.
6
var.
CO
rO
85
,
do
do
100
May.*75
2
7
7
Consolidated bonds
Street imp. stock
May & November.
do
do
do
do
do
7
....1869.
(o
1884-1900
1907-11
1874-98
1S74-95
loil-76
91
101
90
HO
100
*.(•9
101
9'
99
97
Feb., May Aug.& Nov.
1
1863.
Jersey City:
Water loan
100
4
7
Bid.
Payable.
6
Improvement stock.... 1869
•1
Months
102
1880
7
3
7
3
7
Prick
Interest.
100
151
95
92
J. & J.
J. & J.
J * J.
M &N.
T
I
[0
V 56.690
100
75
Q-F.
!
>50,0™
120‘
110
Jan.,’75..6
18
61,403
12: ,506
78,«'H)
7’.,077
165.369
153,966
246,925
f 162? 60
j
85
1)5
240
10
12
::<)
0
12
20
90
.
.,
1U
io
85
'
125
tStock dividends of 25 per cent by (be Hanover and Westchester,
by the Home, have since been declared out of above net surplus.
1877
ioo 1,000,000
18
16
90.597
122
1
7
100
.’0
146*
C5ty Securities.
’75
3k Jan.,
5
4
&
4
20
20
‘
170
165
140
Am
‘7 .1
.ian., *75 .7
Jan., ’75..?
Jan., ’75. .5
J - n., ’75..f
Jan., *75. .8
Jan., *75. J
20
7
160
Jan,’75.4.80
10
10
20
2i5
Jan.. ’75.1'
10
10
10
15
20
10
T>11
! 7
1
j.
Jan.,*75..10 1C0
Jan.,’75. ? 115
85
Jan., *75. .5
July, *74. 5
!0
7
5
sij"
110
ICO
j.
307,000
1,200,000
250.000
50'
20
10
'0
15
205
*74.11
,
Feb., ’75.1C
Jan.. ’75.10
Jan ,’7S.1C<
Feb., *75. H
Jan., ’75. :(i
.Jan., ’75..?
Jan., ’75..f
0
10
15
10
20.529
426,524
128,60
350,139
165,216
211,544
132,708
536,22’
12, (0
43,051
101,002
58,877
80,441
191,749
150,000
23)
15C
,
10
5
.
•
7
10
10
.’0
10
10
196,0 i
Sterling.
•
5
3' 0.185
Resolute
i
*k
10
121,476
234,314
96,6)8
1,000,000
200,(0"
200,000
300,000
Dec
10
122.479
50.008
151,863
36,755
150.0X1
Jail., ’75..5
95
147
1C6
142
102
70
75
(5
Jan.,' ’75. .i
315,753
200,000
Rutgers’
20
10
70
10
10
20
5
20
30
17
20
17
10
10
13
10
30
10
’.0
0
11)
13
10
10
10
:o
10
15
50
10
115.712
187.759
St.Nicholas
Standard
Star
i4i
12k
2)
67,238
200,000
Republic
10
169 [4 47
Ridgewood.:.
7 k Apill. ’75
4
Oct., ’74.
F. & A.
J. & J.
J & J.
V1.& S.
J. & J.
Pacific
Park
..
10
83,445
350,000
Phenix (R’klvn)
Produce Exchange
Relief
io
79.363
500.000
People's
April, ’7.5
A. & O.
_
Place, i
'V*
Q-F.
Q-J
,
Bonds.
o5
5
Periods
(
5
121,317
210, (XX)
200,(XX)
2"(i,000
Peter Cooper
T
10
10
5
4
77,712
’.4,861
136,241
174,612
8(4,264
200,000
...
......
99
Metropolitan
20
10
143,1*2
250, (XX1
200,000
150,000
200,000
200,000
300,000
200,000
200,000
Mercantile
Merchants’
8K
29,741
200.000
Mecbanics’(Bklyn)
.
.
Lorillard
Manuf & Builders*.
Manhattan
Mech.&Trad’rs’....
5
5
+885,281
150,000
r 00,000
2(X i,(H'('
200,000
200,010
150,000
280,000
150,000
200,(XXI
150,000
200,000
300,000
Kings Co. (B’klyn)
.
-
•
F- b. 8. *75 .4
Jan. 2.’75...3
Jan. 2. ’75...7
12
Jan. 2,*75...G
9
Jan. 2, '75.. .4
8
Nnv.l(>,’7l.. 4
Jan.2’7b 2k.g
2k
8
Jau. 2,’75\ 4
.Tan 2,*75.
10
5
Nov 2, 74...5
in
8
Jan. 2. ’75...41
200,000
3,' 00,(XX)
Irving
...
Jau. 2.’75...5
Jan. 2.’75.3K
8
3
12
150,000
500,000
?...
10
19,937
200,000.
Jefferson
May 1 *75...3
Jan. 2,’75...6
3k Julyl3,’74.3>j
8
Feb. s, ’75. 4
Hamilton
Hanover
Hoffman
Home.
Importers’* Trad..
i 46
145
•OK
14k
82v,559
200,000
Howard
in
20
20
398,751
116,672
325,224
43.»i07
125,796
t329,(9<
90,653
20' ,000
Hope
1882
1890
This c.uiuiiii. Luuvys last dlvlueod uu
......
Jan. 2. ’75...6
12
12
10
7
12
12
12
10
7
Askd
85
Jan., ’75. .f
Tn Jan., ’75..4
•
10
97,940
500,000
Greenwich...
Guardian
...
151
Jan., ’73. .3
*Iar». 2, ’75 ..4
7
7
'00'
10 0
1000
..
Germania
•
20
4:4,Cl 9
119,558
26,2 6
92,615
94,133
105,651 10
81,306
150,000
150,000
200,000
1,0 0,00
Globe
....
Jan.2, *75...4
F. & A.
M.&N.
650 0 '0
1st mortgage
\ld St. it Grand St
lRt mortgage
Earragut
Firemen’s
Firemen’s Fund—
Firemen’s Trust...
Gebhard.
German-Americar
..
195
130
Jan 2. ’75...5
Jan. 2,’75...7
Jan. 2, ’75.. .4
•May,
’73...5
8
8
3
8
porlum
•
5
123,6-9
3 6 601
200,000
20i),iX 0
200,000
200,0 0
201,000
Empire City
•
156,907
41,737
27,478
1,000,000
300,000
Eagle
ExC' ange—
98
N> v.b ,*74..4
6
5
Fire.
Commercial
Continental
ommerce
Eh
99*
i, ’ ,5. .4
550.000
Christopher (t Tenth Street—stock
CmeyIsland Jc Brook'n—iet mort 1000
Dry Dork, E. B. <& Battery—6tock
l6t mortgage cons’d
Eighth \venue—stock
•
.
Ai l
J.&J.
J.&J.
600,01'
do
.
...
180
96
b4
Jan 2.’75...4
Jan. 2,*75.. .4
Jan 2, ’75..4
Jan. 4, ’75 .5
8
4
8
10
8
8
10
13
300,000
200,0 W
40" ,000
3'X),000
1,161,000
1000
in
..
...
*
■000
100
100C
100
ioo
......
Feb. 1".*75. .5
10"
:o
1(XU)
1st mortgage
Broadway dc Seventh Ave—stock.
98),
.
5 OfXl.OOO
..
••
200
Jan. 2 '75...6
and City R.R. Stocks and
[Quotations by Charles Otis, 47 Flxchange
Brooklyn Gas Light Co
Citizens’Gas Co (Bkhn
Clinton
14
209.894
200,000
City
.
14
1"
10
212.373
210,000
250,000
800,000
200,(XX)
....
2, ’75...5
July 1 ’74.. 4
Mch. 1, *75..4
Jan. v, '75.. .7
Jah.2. ’75...5
Gas
Gas Companies.
•
......
Jan.2,’75..3h
Jan 2, *75...5
U
10
Jan. 2,’75...5
Jan. 2. ’75 ..5
!0
7k May I.’75... .3
M y i.’75, ..5
10
9
May 1, ’75
4
-
3k
.
F.&A.
F.& A.
l.OnO.OO"
••
n
T
At
1
400,(X0
SIX),(XX)
422.70"
•
,0
260,575
240,41*.
.
Jan., ’75..f
J- n., ’7t..7
Jan.,’75..7
3k 10
7,72!
200,000
153,000
300,000
<
.
1373 1874 Last Paid. Hid
390.375
200,(X 0
Columbia
3k Feb.l2.’74?k
Ja .10,*75 ..4
9
4
200,000
3(0,000
Citizens’
......
...
Jan.
10
200,000
Broadway.....'
Brooklyn
•
..
400.000
Brewers’ &M’lst’r?
9 z'A
.
2Hi 000
20< .000
54,139
244,6*3
t8,76K
5,015
15,486
106,636
Bowery
......
ov.1,’74,.1'
•
s
8
14
10
12
14
8
12
7
10
10
A.
May 1, ’74...7
May, I,’75.. 8
io
20
J.
J.
J.
A.
J.
.
500,000
50",000
4.000.000
220,000
Republic
7
10
20
10
J.
J.
J.
J
M.&N.
M.&N.
M.&N.
•J. & J.
J. & J.
.1. & J.
J. & J
A. & O.
M.&N.
J. & J.
J. & J.
J. & J.
J. & J.
J.& J.
J & J
J.& J.
300,000
400.000
Metropolis*
Metropolitan
Murray Hill*
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
State of New York
Tenth
Third
Tradesmen’s
Union
West Side*
Jnl v'lo,'73.3W
Jan. 2, ’75.. .4
Jan. 4, 75.8 k
7
A pi. 5. ’7r>.23x
11
Ja.i. 2. 75...3
14
8
Jan. 2,’75.. 4
11 2-3 May 1, ’75..-'
Apl i0. '75..4
8
Feb. 1, ’74.. .3
3
1.600
300
119
•
22,:: 7
200,000
Arctic
Atlantic
"8
Q
J. &
J. &
J. &
F.&
J. &
F. &
J. &
J. &
J. &
J &
500.000
600.000
500,COU
4 0,000
July 1, '74...4
UO
.....
.
200.000
Amity
......
lo2
2,*75...4
Jan. 2.’75... 5
Mch 7.’7i.!5
U
2,’75...5
May 1, *75,. .5
•J all. 4, 75..-4
.Jan. 4.’75...4
F b. 1, '75. ..5
Adriatic...
.(Etna
American
American Exch’e..
......
......
.Jan.
Jan.* 1,
1876.*
156
'
M .& 5.
100,000
Irving
10
12
7
8
7
14
15
9
10
8
8
J.*
i;o.oo<
500 00
5
Jan. 2. ’75..6
J*n. 2, '75.. 12
Mch. 1, ’75. .5
Jan. 2. '75.. .5
10
4
10
91
ev.
630,000
1,000.000
10.000,000
May 1/75...4
8
12
24
24
16
Par Amount.
155
116
Price.
Dividends.
PLU8,
Companies.
Askd
Bid.
Jsn. 2,*75...5
10
1,000,000
300,000
Bull’s Head*
Butchers & Drovers
Central
Chatham
Chemical
Citizens’
Commerce
Continental
Corn Exchange*
Currencv
Periods.
Last Paid.
1874
3,0(>0 OCC
5.000,000
250,U00
Stock List.
Insurance
Stock List.
Bank
99
102
102
103
101
»
1881-95
1915-21
1903
1915
1902-1905
1881-95
1880-83
1875-80
18
11
!<7
101
H7k
111
119
104
10)
108
103
425
THE CHRONICLE.
May 1, 1875.]
SUMMARY OF OPERATIONS
ON
3 nucstmente
Gross. Operat’g
AND
CORPORATION FINANCES.
Supplement” will be published regularly
Saturday of each month.
STATE, CITY AND
“ Investors’
The
hereafter on the last
ANNUAL
REPORTS.
Pennsylvania Company.
{For the Tear ending Dec. 31.1874).
The " Pennsylvania Company” is now well known as the branch
corporation of the Pennsylvania Railroad with headquarters at
Pittsburgh, which operates the leased ,linea west of tlial city.
We have just obtained official reports of the operations of all
the roads in the Pennsylvania Company’s system for the year 1874
and we give below the report of each road, beginning with those
which are directly controlled by leases now held by the Pennsyl¬
vania Company as lessee or assignee. These reports will be of
more interest to the readers of the Chronicle from the fact that
they are not elsewhere published, and so far as we are informed
will not be issued in any pamphlet report by the company.
In the report of the Pennsylvania Railroad “ Investigating Com
mittee” in .874 the following statement was given of the finances
of the Pennsylvania Company, and a more detailed account of the
$30,778,109 of assets would also have been quite acceptable :
stocks, real estate, equipment,bills
items
$30,778,109 68
Liabilities.
Preferred stock
Floating debt
Balance
bei»g undivided profits
Erie &
..
Total
6
ock, &c
-
^Expense
Discount and Interest
Loss cn sale of securities
(equal to
Profits for year
cent ou
the entire
a
...
year
for los- on sale of
$1,238,310 36
353 47 has been deducted from the profits of this
securities. It is hardly fair, although showing great
against a single year’s earnings.
prudence, to charge the sum
Held by
Pennsylvania Railroad Company.
First mortgage bond*, 7 per cent (gold),
Guaranteed stock, $8,000,000, valued at
Since then tlie
obtain
$3,111,000, valued at.... $2,644,350 00
8,0(.0,U00 00
Pennsylvania Railroad have found it
possession of the whole stock of
pany.
The roads
desirable to
the Pennsylvania Com¬
operated by the Pennsylvania Company are
First: those controlled by leases now
Secondly, those controlled by leases
*o tlie Pittsburgh Cincinnati & St. Louis Railway, which latter
company the Pennsylvania Company controls through the owner¬
Pittsburgh Fort Wayne & Chicago Railway.
Railroad.
Newcastle & Beaver Valley
Lawrence Railroad.
•
•
•
•
•
29,232
•
.
191,387
1,576,534
.072.186
375,869
,929,842
433.425
•
•
•
•
127,653
933,1*90 1,272,504
71,156
429,828
63,694 l
•
210.860
274 595
52,504
>
«
153,686
843,096
843,818
•
.
.
•
.
Indianapolis Railroad.
Youngstown & Pittsburgh Railroad.
Mansfield Cold water & Lake Michigan Railroad.
Ashtabula
Toledo Tiffin & Eastern Railroad.
Indianapolis & Vincennes Railroad.
The roads named in the following list are controlled by the
"Pennsylvania Company” through a stock ownership in the
Pittsburgh Cinn. & St. Louiff Railway :
Pittsburgh Cincinnati & S'. Louis Railway,
472,949
Little Miami Railioad.
Columbus Chicago & Indiana Central Railway.
Cincinnati & Muskingum Valley Railway.
18,651
18.651
deft it.
115 228
1,171,562 1,123,418
in detail are as follows:
Railway.
Tlie
were
By the terms of
assumed by the lessees.
carried with it
the lease the
which
The
be paid for in
stock
being
lessees were to pay annually $2,463,800 as rental.
contract
also made provision for future improvements to
stocks or bonds.
Under this provision, special improvement
to the amount of $4,000,000 has been issued, the same
guar¬
anteed to pay 7 per cent per annum.
KOAD AND EQUIPMENT.
OPERATIONS AND FINANCIAL
AND FINANCIAL CON
DITION.
Main line—
39 miles.
22 00
Lawrence Railroad
Earnings
“
Total
..468*39 miles.
trains
Number of cars for mail,
135
trains
eight and construction
(8-wh.)
Coal, freight
$8,599,472 46
..
.
$5,055,830 97
earnii.gs
3,514,142 19
Earnings of leased roads are nofi,
included, but reported separately.
Interest payments
$1,071,800 00“
Dividend payments (7
1,667,000 00*
р. c. in the year)
278
cars
416,525 70'
taxi s
Number of locomotives
Number of cars for passenger
anil express
5,841,960s 68
other
Net
are
based)
from
Operating expmscs and
operated (on
earnings
Freight earnings
sources
14*0
ley Railroad
$2,340.98$ 08
Passenger earnings
Pittsburgh,Pa.,to Chicago,
bug-
train
and other train cars
(8-wh.)
Oilier
55
3,120
2,166
payme-.ts
from
113,214 01
income
Cost of road and equip¬
37,349,2C5 71
ment
I Caplt >1 s uck
| Bunded debt
Newcastle & Beaver Valley
The Newcastle & Beaver Valley
business in October, 1863.
Previous
leased for ninety-nine years to tlie
paid up...
23,814,285 71
$13,536,000 QG;
Railroad.
Railroad was opened for
to that date it had been
Pittsburgh Fort Wayne &
Chicago Railroad Ccmpany. and is now operated by tlie Pennsyl¬
vania Company, successors and lessees of said company.
By the
terms of the lease the lessees pay 40 per ceDt of the gross earnings,
several years to cover interest and quar¬
terly dividends of 24 per cent on the stock.
Operating expenses and
ROAD AND OPERATIONS.
which has sufficed for
wood,
Pa.,
Castle, Pa
to
Net
New
14*9 miles.
Equipment is furnished by lessees.
Passenger earnings
Freight earnings
Earnings, other sources....
Total
$131,267 44
taxes
Main Line—From Hume-
$70,512 62
276.957 65
4,819 00
earnings.
Rental (ben g 40 p. c.
gross
of
earnings)
Interest payments
......
Dividend payments ('.0 D.
с. in the year)
i Other payments from Li$352,319 27 I come
Costof road, build ngs.&c.
Capital stock paid up
....
Balance to creditof income
221,151 83
$140,927 71
964 7660,000 00'
55.421 40
824.52S 32
695,000 00
2.9,528 32
Lawrence Railroad.
tlie term of ninetyWayne & Chicago Company, and
snid company passed into the
lands of the Pennsylvania Company.
The lease rental is 40 per
cent, of the gross earnings.
Under date of April 23. 1873, tlie
awrence and the Youngstown & Canfield
Railroads were con¬
solidated, and the capital increased to $500,000.
This road
was
leased June 21st, 1869, for
nine years to the Pittsburgh Fort
in connection with the road of
ROAD AND
OPERATIONS.
Main Line, from Lawrence
Junction to Youngstown
Canfield branch, from Canfield Junction to Foster
Coal Company’s shaft...
18 miles.
SinkingFund
..
General expenses, &c
Balance to surplus.
Cost of road, buildings,
&c
Sinking fund, $10,000 b'da
“
cash
Equipment is furnished by lessee.
Bills receivable
Earnings from passengers $28,829 24
Earnings from freight....
141,544 52 In teres due Feb. 1, 1875,
paid
...
4,270 00 Cash inin advance
Earn’gs from other sources
hand? of Treasurer
4
$174,643 76
Total
Operating expenses
and
Taxes
N-t earnings
INCOME AND
Capital stock paid up ...*.
First mortgage bon s....
$65,534 29
1874.
Miscellaneous
Rental, being 40 per cent.
of gross earnings
Interest payments
Dividend payments,
cent, in the year
$66,857 51
24,850 00
Total liabilities
Balance to credit of
.come
2.033 75
2,645 35
789,778 53
9,975 00
1,0C0 00
875 00
46,766 87
$848,394 90
Totul assets
109,109 47
GENERAL ACCOUNT,
1,775 00
,
450,000 00
355,000 00
908 50
$805,938 50
iu-
42,486 40
operation of the fifteen railroads embraced in
10 per
$818,394 90
Total
3^,553 41
the whole system, for the year 1874, appears by the table follow¬
Erie & Pittsburgh Railroad.
ing to Lave been $24,409,689 gross earnings, $15,690,216 operat¬
In March, 1874, the road was leased for 999 years to the Penn¬
ing expenses, and $8,719,473 net earnings.
The payment for
rentals, interest &c., were $8,672,321, leaving a net balance of sylvania Railroad Company on terms which guarantee the in¬
terest on the funded debt, a quarterly dividend of If per cent on
about $48,000 profit. The company, however, has large*resources
the capital stock, an 1 a fixed sum sufficient to keep up the sepa¬
in the shape of securities of leased lines, from which its income rate organization of the corporation.
On the organization of the
in 1873 was $1,076,206, and possibly larger in 1874, and out of Pennsylvania Company the management of the property was
vested in, and is blow controlled by them,
which dividends on its stock are paid.
*
338,514
111,623
fhkrtiers Rai road.
The result of the
.
...
i
Erie & Pittsburgh Railroad.
Cleveland & Pittsburgh Railroad.
Jeffersonville Madison &
29,232
83,207
996,782
3,573.316
1,448.056
ship of a majority of its stock.
The following roads are controlled
through leases held by the
Pennsylvania Company as original lessee, or as assignee, except
the Indianapolis & Vincennes road, which is owned
92,613
21,415
•
12,201
Pittsburgh Fort Wayne & Chicago
embraced
under two separate classes.
held by the Company; and
12.201
.
223,209
.483.150 1,489,405 1,266,196
829.512 519,070 497,655
51,515 115.2 »9
lb0,270
82,858
•
.
1,062-
383,4 8
382.386
•
The lease of this road to the Pennsylvania Railroad Company
for 999 years took effect July 1, 1869.
contract
the several leases and contracts then held by the lessors,
430,991 75
633,353 47— 1,296.543 59
capital)
It will be observed that $833
2,534,853 95
$32,198 37
•
65,534
24,409,68915,690,216 8,719,473 8,672,321
:
The reports
Ft
rolling
dividend of ten and nine-tenths per
..
22 i,051
3,863 832
Indianap. & Vincennes.
Pittsb. Cinn. & St. L
itile Miami
Co). Chic. & Iud. Cent.
Chartif rCinn. & Musk. Valley..
gage
line?,and gross receipts from their own
872,*>13
....
Jefferson. Madison & I. 1,348,582
211 HI 6
Ashtab. Young-t. & Pit.
95 060
Mansf’d i old. & L. M..
121.845
Toledo, Tiffin &East..
Operations for 1873.
Profits from leased
Pittsburg
Ba,>ncepayqs. Profit. Loss-$
692,128
14 >,927
81,124
4,383:
69,857
otjj6r
$
109.109
490.226
174.643
Lawrence
winch
3,111,000 00
12,008,766 22-$26,480,666 22
$4,297,443 46
Morgage.'.
Net
Earn ge.
Exp a.
$
Pittsb., Ft. Wayne & C. 8,599 472 I
Newcastle & Beav. Val.
352,319 131,2*7
Total miles
$3,360,900 00
8,000,000 00
Common Stock
Earn gs.
468
Ill
Roads leased—
New Castle & Beaver Val-
PENNSYLVANIA COMPANY.
Asset?, consisting of bonds,
receivable, cash, and cash
ROADS OF PENNSYLVANIA- COM¬
PANY.
v
ROAD, EQUIPMENT AND EARNI* G3.
Main line, from Newcastle
to Girard
81 5-10 m.
Girard to Erie (L. S. & M.
S. Ry.) leased.
16 5-10 m.
Erie to Docks
2
No. of locomotives
No. of cars lor passgr.
8-w. cars for freight
construction trains
29
t’ns
9
and
1,.348
Earnings from passengers $142,203 04
Earnings from freight
.
712,774 42
Ear’gs from other sources
17,636 02
$872,613 48
Total
Operat’g exp's and taxes.
earnings
Net
493,226 61
382,386 87
INCOME AND GENERAL ACCOUNT.
Interest
payments
Dividend payments. (7 per
cent in the year)
Cost of road,buildings,&c.
Cost of
100 miles.
equipment
Capital stocic
paid up
1st mort. bonds 7 per
due in 1882
2d mort. bonds 7 per
due in 1890
cent,
$243,448 75
Toledo Tiffin & Eastern Railroad.
This road was completed in the spring of
the Pennsylvania Company, the rental not
140,000 00
3,175,436 23
1,895,032 78
2,000,000 00
291,700 00
cent,
92,300 00
Consol, mort. bonds 7 per
cent, due in 1898
2,193,000 00
Equipment mort. bonds 7
per cent, due in 1900...
880,000 00
.
...
Cleveland & Pittsburgh.
On tlie first
day of September, 1871, the road was leased for
on
999
cent in rhe
Rcchester
tween
“
26
Pittsburgh, Pa
Passenger train cars
Freight and construction
65
train
cars
3,100
$590,055 06
2,198.152 47
(8-wh.)
Passenger earnings
Freight earnings
From other
184,349 06
sources
Total
year)
R. R.
Operating expenses and
taxes
1,483,150 78
$1,489,405 81
Net earnings...
INCOME AND GENERAL ACCOUNT.
Total income for year...
Interest payments
849,765 68
17,257,028 38
Capital stock paid up... 11,213,211 47
2d mort. bonds, past due
500 00
3d mort bonds, 7 p c.,
due in 1875
\
1,252.000 00
4th mort. bonds, 6 p. c.,
due in 1892
1,104,843 63
$2,972,556 59
$2,972,556 59
319,545 00
Cou. mort. bonds, 7 p. c.,
due in 1900
Construe, and equipm’t
bds., 7 p.c., due in 1913
Due to railroads and in¬
dividuals and income
1,461,000 00
1,197,000 00
998,473 28
17,257,028 38
account
Total liabilities
Indianapolis Railroad.
From August 1,1871, to December 31, 1872, the whole prop¬
erty was under lease to and operated by the Pittsburgh Cincin¬
nati & St. Louis Railway Company, the lease having 999 years
to run from August 1, 1871.
The Pennsylvania Company, as
assignees of the P. C. & St. L. Company, are now in possession
stipulates that the lessees shall keep the
road and equipment in condition, guarantee the payment of in
terest on the funded debt, and provide for its final extinction by
The contract of lease
means
of
a
sinking fund, and pay on the capital stock 7 per cent
well
ROAD
as
Interest payments
Dividend payments
cent in the year
EQUIPMENT AND OPERATIONS.
Main line from Louisville
108 miles. I
Indianapolis
Branch lines owned or con¬
trolled:
From Jeffersonville to
New Albany
From Madison to Co¬
lumbus
From Columbus to Cam¬
to Junction (Leased) 7 3
Junction to Tiffin, 0..367—
Tiffin to end of track—con¬
Passenger earnings
Freight earnings.
Earnings
Allegan (operated by
to
& Indiana RR.)
point on the Gr.
Gr. Rap.
From
a
12
12,188 57
$95,060 35
Operating expenses and
taxes, $72,243 68; hire
of equipment, $10,614 85
“
“
“
Rap. & I. RR., eastward
(finished, but not oper¬
ated)
47,845 95
Total
24
10
ated
Branches—From Monteith
from
$35,025 73
other
sources
44 miles.
structed, but not oper¬
82,858 53
$12,201 82
Net earnings.
FINANCIAL CONDITION.
road,buildings,&c... $3,081,092 18
Capital stock paid up ... 1,481,092 18
Cost
The Pittsburgh,Fort Wayne & Chic.
RR is operated by agreement from
Toledo Junction to Mansfield.
Total miles operated (on which
earnings are based)
.
44
First mort.
bonds, 7 p. c.,
due October, 1911
Bills payable ...$29,687
Other liabilities 130,447
Total liabilities
Equipment is furnished by Pennsyl¬
1,600,000
(%
50
73— 160,135 23
$3,241,227 41
Company.
vania
Indianapolis & Vincennes Railroad,
is owned by the Pennsylvania Company through
ownership, we presume, of a majority of its capital stock.
This company
the
ROAD
AND
Net
EQUIPMENT
line, from Indian¬
apolis to Vincennes....
Number of locomotives..
Number of cars for pas¬
senger trains
cars
Eight-wheel
for
freight and
ir miles.
0
Barn’s from other
sources
financial condition.
payments in 1874 $206,000
payments from in¬
come
4,860
Cost of road and equip¬
ment
4,649,448
Capital stock paid up.... 1,402,000
10
197
taxes
00
77
97
00
First mortgage bonds, 7
per cent, due in 1908...
$95,037 79
167,994 04
1,700,000 00
cent, due in 1900...
1,450,000 00
11,563 19 i Second mortgage bonds, 6
$274,595 02
Operating expenses and
83,207 06
127,635 71
Interest
I
Total
Penn. Co...
Other
constriic-
140,000 00
earnings
Advanced by
Main
Earnings from passengers
Earnings from freight
(7 per
%
AND OPERATIONS.
340,655 00
Sinking Fund
$15,000
Maint. organiz
2,000— 17,000 00
Balance to Surplus
21,415 67
Cost of road & equipment 6,318,943 5S
6 miles.
Woodville R. R. The
the property of
lion trains
ROAD
to
as
Line—Mansfield, O.,
Main
Jeffersonville Madison &
per annum.
$1,567,586 10
Total liabilities
R. Co. covers the leasehold of T. & W.
T. T. & E. R. R.
Mansfield Coldwater & Lake Michigan.
By articles dated December 28, 1870, taking effect May 19,
1871, this company and the Ohio & Michigan Company were
consolidated, and took the name of the Mansfield Coldwater &
Lake Michigan Company.
On July 20, 1871, the whole road was
786,795 00
leased to the Pennsylvania Company, said company to maintain
and operate the railroad and pay over to the lessors whatever
The road as pro¬
159,856 73 earnings remained after payiDg all charges.
223,209 08 jected is still in an unfinished condition.
and cash
Total assets
97
$29,232 S2
mortgage of T. T. & E. R.
terials, current assets
No. of locomotives
80,117 29
12,495 84
The T. T. & E. R. R. Co. leases Toledo &
Stocks and bonds, ma¬
and
$121,845 45
Total
Operat’g exp’8 and taxes.
Hire of equipment
Net earnings
Sinking fund, lease ac¬
count to P. F. W. & C.,
Pa
124
interest on improve¬
From Yellow Creek to
to Bellair, 0
ments, joint ac’t, &c..
43-167 miles.
Balance to surplus
B anch line from Bayard,
Cost of road, buildings,
to New Philadelphia,O.
32
’l
&c.:
13,033,777 09
P., Ft. W. & Ch. Ry.
Cost of equipment
3,373,485 61
(jointly), 26 miles, be¬
Ohio, to Rochester,
FINANCIAL CONDITION.
Cost of road, buildings;
Woodville
24 67miles.
&c
$1,567,586 10
Road leased:
'Capital stock paid up — 276,068 00
Toledo & Woodville RR. 18 39 miles.
1st mort. bonds 7 per cent,
due April 1, 1902
861,000 00
Total miles operated (on
I 2d Toledo City bonds... . 425 000 00
which ean’gs are based). 43.08 miles. | Bills payable
5,518 10
Equipment furnished by
|
Pennsylvania Company.
Earnings from passengers $36 433 34 I
Earnings from freight....
70,852 85 |
Ear’gs from other sources
14,559 26
tion.
The increase in tonnage has rendered necessary large expen¬
ditures for improvement of road and equipment, and the company
have issued the seven p3r cent 40 year construction and equipment
bonds, which the lessees, as provided in the lease contract, took
at par.
HOAD, EQUIPMENT AND OPERATIONS. I Dividend piymen'e (7 pr.
Main line—Cleveland,
to exceed 7 per cent,
cost.
ROAD AND OPERATIONS.
Railroad Company, and has since that
Pennsylvania Company. The le sees
interest on the funded debt; provide for the sinking fund
quarterly dividends of 1J per cent on the guaranteed stock,
a small stipend for the maintenance of the corporate organiza¬
and
1873, and is leased to
Main lin« from Tiffin to
years to the Pennsylvania
date been operated by the
pay
and
[May 1, 1875
THE CHRONICLE.
426
per
|
I
191,387 96 |
Other property:
Real estate .'. .$73,372
Pittsburgh Cincinnati & St. Louis Railroad.
Pittsburgh Cincinnati & St. Louis Railroad Company is a
bridge City
65 miles.!
consolidation under date of May 1, 18(38, of the Steubenville &
Total miles operated (on
|
Cast
91,615 01
which earn’gs are based) 159 miles.
883,472 70 Indiana, the Holliday Cove and the Pan Handle Railroad Com¬
44
No. of locomotives
panies. That portion of the railroad between Newark and Colum¬
Total assets
No. of cars for passenger
$7,202,416 28 bus, 33
miles, is owned by the P. C. & St. L. Company conjointly
44
trains
with the Central Ohio Railroad Company.
8 wheel cars for freight and
Capital stock paid up. ..$2,000,000 00
construction trains..
750 1st mort. bonds? per cent,
This company is controlled by the Pennsylvania Company
due in 1906
2,456,000 00 through the ownership of a majority of its capital stock, and as
Earnings from passengers $426,855 62
Earnings from freight.... 844,735 85 2d mort. bonds 7 per cent.
due in 1910
2,000,000 00 the lessee of several important roads, forms the nucleus of an im¬
other
Earnings
from
sources
76,988 42 Ind. & Madison bonds 7
portant part of the Pennsylvania Company’s system of railroads
85
Supplies
47,832 95
Sundry assets 670,651 89
miles, j
45
The
..
Total
Operating
expenses
and
taxes
Net
per cent, due in 1882....
Floating debt:
$1,348,582 89
829,512 22
rent
AND
GENERAL
west of
328,000 61
ROAD, EQUIPMENT AND OPERATIONS.
Main line from Pittsb’gh
to Columbus
193 miles.
Branch line from Junct'n
cur¬
balances, &c
Total liabilities
I
ACCOUNT.
Total income for the year.
payable,
397,000 00
21,415 67
Balance income account..
519,070 67
earnings
INCOME
Accounts
$7,202,416 28
$519,070 67
Ashtabula Youngstown &
Pittsburgh.
account
under a
ninety-nine years’ lease to the Pennsylvania Company, which is
to operate the road, dividing net earnings^rp rata.
road and operations.
|
Operating expenses
taxes
Hire of
Net
equipment
earnings
$16,617 09
and
329,900 00—
1,758,550 00
'
1,500,000 00
1901
16,518 47 ! Second mortgage bonds,
7 per cent, currency,
due in 1894
Due Penn. Co. for better¬
20,966 41
400,000 00
ments, payable in 2d
mortgage bonds
Due Penn. Co. for advan¬
$139,303 92
26,613 67
ces
$51,545 80
|
$115,239 72 |
made to pay
on
bonds
8
Tot. miles operated (on
which c’n’gs are based)
No. of locomotives...
No. of cars for passenger
*...
trains....
8 wh. cars for freight and
construction trains
Earnings from pass eng’s
from freight...
“
“
fr’moth’r s’rc’s
| First mortgage bonds, 7
per cent. gold, due in
148.560 57
income and general account.
Interest payments
Preferred
$211,816 13
Total
buildings,
&c
$3,685,163 67
Capital stock p*>id up—
62.6 miles |
common, $ 1,428,650 00
1
Equipment furnished by Pennsylvania
Company.
Earnings from passengers
Earnings from freight
Earn’gs from other sources
I Cost of road,
to Cadiz
.
In May and June, 1873, the road was being operated for
of the contractors, but was shortly afterward transferred
Main line, from Youngstown to Ashtabula Harbor
Pittsburgh.
interest
58,474 22
Total
Oper’g expen.
Net earnings
and t’x’s. $2,576,534
in 1874.
$669,790 00
Cost of r’d, b'lild'gs, &c.
Cost of equipment
Capital stock paid up...
P. C. & 8t. L. consol’d
bonds 7 p. c. due in "90
2d mort. bonds 7 p. c.,
due in 1913
S. & I. 1st mor). bonds 6
16,01)3,305.88
3,750,577 35
8,433,750 00
6,222,000 00
from In¬
come
201
110
55
1.658
$803,026 77 j
2,653,317 53
02
996,782 39
FINANCIAL CONDITION.
Interest paym’ts
Other payments
“
......
116,972 11
p. c. due in 1834
S. & I. RR. Co. Cols. &
$3,573,316 41
Newark Div. Bonds, 7
p. c.,
1890
17*3,306 33
5,000,000 00
3,000,000 00
775,000 00
Columbus Chicago & Indiana Central Railroad,
The Columbus Chicago & Indiana Central Railway is a consoli¬
dation, under date of Feb. 12, 1809, of the Columbus & Indiana
and the Chicago & Great Eastern Railroad Companies.
leased January 22, 1869, for 99 years, to the Pittsburg
& St. Louis Railway Company, and the lease gueranteed
It was
Cincinnati
by the
Pennsylvania Railroad Company. An amended contract of lease
for 99 years was made Feb. 1, 1870, by which the lessees
covenanted to pay to the lessors annually 30 per cent of gross
earnings after payment of all taxes and assessments. The terms
May l, 1875
however, provide that, in any case, the lessees should
as a minimum seven (7) per cent per annum on $15,000,000 of
first mortgage bonds of the Columbus Chicago & Indiana
Lehigh Coal & Navigation Company.
(For the year ending December 31, 1874.)
report of the Board of Managers, E. W. Clark, President
of the lease,
pay
v
the
and on $821,000 of the second mortgage
Central Company,
also
Default in payment of interest on
Railroad.
bonds
It provided also for the
by a sinking fund. The
guaranteed for the lessees by the Pennsylvania
of the Columbus & Indiana Company.
ultimate redemption of the said bonds
lease was
$5,000,000 of second
1, 1874, and default April 1,
specially guaranteed by the
Litigation on these is now in progress,
lease as above stated.
and the points involved have already been reviewed at much
mortgage bonds was made August
1875, on the $15,821,000 of bonds
length in the Chronicle.
Operating expenses
EQUIPMENT AND OPERATIONS.
2,929,842
taxes
Line—Prom Columbos to Indianapolis
187 7 miles. Net earnings.:
$933,990
From Bradford to Chicago 231 ’0
“
FINANCIAL CONDITION.
From Richmond to Illinois
Interest payments in ’74..$1,265,129
Line
168 0 “
Other payments from in¬
come
7,375
Total miles operated (on
Received as rent from P.
which earn’gs are based. 586 7 miles.
C. & St.
Number of locomotives..
157 Advances L. Railway Co. 1,124,634
ROAD,
Main
The
has the following :
from railroads
from Nesqiiehoning
from canal
from coal lands
Net profit on real estate sold
Miscellaneous receipts
Revenue
Revenue
Revenue
Revenue
Number of cars for pas¬
by P. C. & St.
Railway Co
and equipm’t37,645,664
Capital stock paid up.... 13,328,568
1st mort. bonds, 7 p. c
15,344,750
2d mort. bonds, 7 & 10 p c. 5,524,400
Income bonds, 6 & 7 p.c . 3,990,574
1,497
$979,677 82
2,691,989 93
Earn’gs from other sources 192,165 17
25,703 72
200.060 00
500,000 00
19.395 74
58,788 02
$70,033 00
139,100 00
Railroad
Taxes
on
dividends
;
Sinking fund of 10 cents per tons on
53
of coal
00
72
39
96
00
00
25
$3 863,832 92
Total
Directors—V?. I). Thompson, Adria Iselin,
W. R. Fosdick, F. R. Fowler,
R. J. Capron, D P. Morgan, W. S. Gurnee, Henry Valette, all of New York ;
J. T. Thomas, Philadelphia; W. Deunison, B. E. Smith, J. F. Bartlit, of
Columbus; John Gardner, Newark, O.; J. S. Newman, Indianapolis, Ind.;
12,328 81
37,862 06
57,246 99
585,803 00—1,729,592 61
cent each
Balance credited to dividend
Add
572,469 18 tons
...
Three dividends of 2 per
$202,728 70
fund
512,536 80
previous balance
Balance to credit of dividend
$21,51174
.......
$25,107 96
$5,609 42
$3,450,910 89
47
Decrease
62,013 20
2,904,988 27
2,842,975 07
“The lessees have
Increase.
$161,647 09
384,275 53
359.167 57
Total
$3,385,301
L. C. & N. Co.’s propor¬
tion
$1,128,433
railroad during 1874, as
1873.
1874.
$183,158 83
Coal
$715,265 00
fund, December 31, 1874
receipts of the Company’s
compared with 1873, were as follows :
The gross
Passenger...
Freight
$1,932,321 31
827,218 75
and improve¬
ments
39
147,870 33
61
L.
Cost of road
91
trains
•8-wh. cars for freight and
construction trains.
Earnings from passengers
Earnings from freight....
$1,128,433 83
tunnel tolls
;.
Total
Less general expenses
Rent and taxes Nesquehoning Valley
Interest account
Taxes chargeable to landed property
'
senger
427
THE CHRONICLE
]
83 $1,150,303 63
rendered bills for construction
$21,869 80
work done
during the past year amounting to about $500,000, of which about
Gordon Hoodie. $300,000 is for second track, and the remainder for sidings, build¬
ing, &c. The accounts have not as yet all been approved, so that
the exact amount cannot be stated.
The Little Miami Railroad is a consolidation of the Little
There are now 41 4 miles of double track completed,leaving 42
Miami (Cincinnati to Springfield) and the Columbus & Xenia (X.
miles between the bead of the Wilkes-Barre planes and Easton,
to C.) railroads.
On the 1st January, 1865, the companies jointly on which but a moderate amount of work has been done. The
leased the Dayton & Western Railroad, and purchased, February lessees
have been authorized by us to double track the road
4,1865, tlie Dayton, Xenia & Belpre Railroad, from Xenia to Day- between the points named as rap idly as the business demands.
ton, 16 miles.
November 30,1868, a contract was made by which
The cost of construction work is advanced by tlie lessees and
the Columbus & Xenia road, including the interests of that com¬
we pay interest at the same rate as the ’dividends
on our stock,
pany in the branches, was leased to the Little Miami Company
with the right to refund the advance at our convenience, but pay¬
for 99 years renewable.
On December 1, 1869, the whole pro¬ ment cannot be demanded of us. We paid during 1874 out of the
perty was reased for 99 years renewable forever to the Pittsburg,
proceeds of the sale of our Wyoming coal lands, and as a condition
Cincinnati & St. Louis Railroad Company, by which it is now
of the sale, $750,000 on account of advances made on construction
operated. The Pennsylvania Railroad is a party to the contract, account. We sold to the Central Railroad Company of New Jersey,
and guarantees faithful performance on tlie part of the lessee.
in June, 1874, the superstructure, machinery, equipment, &c., of
The rental is 8 per cent on $6,000,000 capital stock and the in¬
the Maucli Chunk and Summit Hill Railroad for the sum of $75,terest on the bonded debt.
242 12, which was credited to us, by agreement, on construction
EQUIPMENT AND OPERATIONS. I
FINANCIAL CONDITION.
Union City, Ind.
Officers—President, B. E. Smith ; Secretary and Treasurer,
Little Miami Railroad.
J. N. Converse,
“
“
ROAD.
Main line from Columbus
to Cincinnati
120
Xenia to
Xenia to
Springfield, O..
Richmond, O....
m.
19 7-10 m. | Other pay’ts from
57
m. I-
I
—
Total miles operated (on
which ear’gs are based)
No. of locomotives
No. of cirs for passenger
trains
8-whe*-,l cars for freight &
construction trains
| Interest payments in 1874 $205,662 28
I Dividend pay’ts (8 per c.)
520,000 00
123,156 38
$840,000 00
825,242 12
December 31, 1873, was
.
$848,818 66
$14,757 88
Cost of road & equipm’t. 6,788,070 45
expended since December 1, 1873.
We are under no obligation to pay the amounts of money
advanced for construction work at any definite period, but it may
be for Our interest to make payments on account from time to time.
Total payments
4,608,250 00
| Capital stock paid up
! due in 1883. .
1,490,030 00
54 I Cincin. loan bonds 6 per
| cent, due in 18S0
100,000 00
196 7-10 m.
-
inc’me
account.”
The balance of thisaccount,
Paid on account as above
46 I 1st raort. bonds 6 percent,
added the amount
To this must be
“
control the unissued portion of
and can sell a part of that loan,
Earnings from passengers $524,207 09 | 6 per cent, due in 1895 .
463,000 00
conversion of the loan, when
690,542 39 Old D. & W. mort. bonds
Earnings from freight.
Ear’gs from other sources
233,306 97 | 7 per cent, due in 1895.. 189,000 00 money is needed for payments on construction account, or for other
Total
purposes ; or they can provide for the Company’s wants by the sale
$1,448,056 45 |
691 I D. & W. mortgage bonds
..
Operat’g exp’s and taxes. 1,072,186 63
Net earnings
375,869 82
on
the funded debt.
FINANCIAL CONDITION.
to Washington
22 8-10 miles
Equipment is furnished by P. C. & St.
Capital stock paid up....
First mortgage bonds, 7
percent., due in 1901..
Railway Co.
from passen¬
_
sources
Total
Operating
1,129,991 61
&c
L.
Earn’s from other
$18,65110
Rental, net earnings
Cost of road, buildings,
Main line, irom Mansfield
warnings from freight...
$45,652 25
645,910 01
500,000 00
20,831 26
4,672 56
ta*es
leased to the
Railway Company for 99
years
Valley Railway.
Pittsburg Cincinnati & St. Louis
from January 1, 1873, the lessees
the bonded
to pay
operating and repair expenses, interest on
debt and other necessary expenses, and the balance, if any,
C. &M.V.Co.
ROAD
EQUIPMENT AND OPERATIONS.
J^rom Morrow to Dresden 148’44
jNamber of locomotives..
•Number of cars for passen¬
ger trains
c-wh. cars for
freight and
construction trains
Earnings from
passengers
gamings from freight....
*rom other
sources
Total
Operating
taxes.,
Deficit
on
...
expenses
operations
and
Interest payments
miles 1 Other payments from
15
j
$105,000 00
in¬
come
361
$119,125 89
|
|
232,650 21 I
16,052 64
$429,823 74
433,428 85
$3,600 11
to the
FINANCIAL CONDITION.
|
16 j Cost of road &
'
pea
Lehigh coal property report
18 tons of coal, of
and buckwheat.
minimum rent of
572,469 18 tons
The lessees paid and charged to us a
And credited 58 15-100 cents royalty on
Leaving our account charged with
as royalty paid in advance.
The results of the Company’s
that they mined
which 68,186 10 tons were
$500,000 0 0
332,894 35
$167,105 65
business during the past year are
the depressed condition of the coal
The rental for the use of the Lehigh Canal is a fixed sum of
$200,000 per annum, but the rent of the railroads is one-third of
their gross receipts, which are derived principally from the trans¬
very
satisfactory in view of
and iron trades.
“
rental, but the lessee
least $500,000 a year
settlement of accounts between
the companies, however, is on tlie basis cf a royalty of 21 per cent
of the price realized at Maucli Chunk from the sales of the coal.
If the royalty on the coal mined does not in any year amount
to so much as the rent paid under the minimum clauses, the excess
paid may be reserved by the lessees in future years, without
interest, from any excess accruing to us over the minimum.
During 1875 and 1876 we are not likely to receive over $500,000 a
year. In 1877 900,000 tons must be paid for, and, if the price is
not less than at present, the rent paid will exceed $500,000.
In
1878 and every year thereafter one million of tons must be paid
In the railroad lease there is no minimum
of the Lehigh coal property must pay at
under any circumstances.
The
52,504 97
$18,651 10
Cincinnati & Muskingum
was
The lessees of our
during 1874, 572,469
“
Net earnings
This road
bonds.”
portation of coal.
$71,156 0<
and
expenses
mortgage
COAL.
ROAD AND OPERATIONS.
Earnings
gers
have under their
of consolidated
|
Chartiers Railway.
The Chartiers Railway Company, successor of the Chartiers
Valley Railroad Company, is leased to the P. C. & St. Louis
Company, and operated by the Pennsylvania Company, which
pay therefor all the nett earnings and a minimum equal to the
interest
The managers
tlie convertible loan due in 1882,
or the stock resulting
from the
Capital stock paid np
1st mort. bonds, 7 p.
due in 1901...
6,623 20
eqnipin’t. 5.524.983 52
3,997,170 00
c.,
1,500,000 00
“
for.”
I
dividends the report says:
estimate of future revenue, but the
As to
thought given to the subject,
“We can make no exact
Board, after considerable
stated in the last annual report that
8
increased rate before
manv years.’
The experience of the working of our contracts dur¬
ing the past year has confirmed the Board in the opinion that
dividends of 8 per cent per annum may be regularly paid out ot
dividends may with propriety be resumed
per cent per annum with a prospect of an
‘
at an early date at
428
THE CHRONICLE.
[May 1, 1855,
income,and that after two
or three years there will
to warrant the payment of larger
be a sufficient during that year, a majority of the stock of the Franklin Tele¬
dividends/’
graph Company, whose lines extend from Rye Beach, N. H., via
“The floating debt, which has been tor years a source of great Boston, toWasliington City, connecting waNew York, Philadelphia
anxiety and danger to the Company, is all provided for. The and Baltimore with all the most important intermediate cities and
Lehigh & Wiikes-Barre Coal Company paid us during 1874 all but towns, and by lease of the Northern Telegraph Company with the
one million dollars of the balance due on purchases of real and
principal towns in New Hampshire; and by contract with the lines
personal property. The paymeut|was in money and not in the bonds of the Southern and Atlantic Telegraph Company, extending from
Of the remaining one million they Washington City through the most important cities and towns on
named in the contract of sale.
have paid $692,683 34 since the first of January, and the balance and near the Atlantic and Gulf coasts to New Orleans.
At Oswego aud-Butfalo, N. Y., and Detroit, Midi., we connect
will be paid on or before the first of July. To provide for the
under an acceptable contract, with the lines of the Dominion Teleremainder of the floating debt we have sold one million dollars of
our cwsolidated seven per cent bonis and with
the proceeds we graph Company, of Canada, a vigorous corporation which is now
in effective operation throughout both Upper and Lower Canada.
are paying our temporary obligations as they mature/’
At Rye Beach. N. H., we connect; by contract, with the “Direct
Balance Sheet in Detail, January 1, 1875.
Dr.
United States Cable Company,” whose cable is in perfect
working
Lehigh & Susquehanna Railroad Construction and Branches
$13,046,208 81 order from Rye Beach, N. H., to Tor
Bay, N. S. The shore end
Lehigh Navigation and Shipping Pockets
3,000,000 00
Shipping improvements—Hazardville.
09,050 71 of the ocean cable is laid and buoyed, ready for connection with
Coal linds and improvements—Lehigh Region
7,889 609 i2 the deep sea cable, which lacks less than a hundred miles, East
852.521 54
Landed property and improvements.
from the Newfoundland coast, to complete communication across
80.152 28
Canal boats
our
increase of
revenue
295,517 47
Contingent fund
Bills receivable
Bonds and mortgages
$10 132 17
85.384 08
Ground and water rents
Cash on hand
Gold Loan, 1897, assumed by
Gold Loin, 1897, assumed by
Gold Loan, 1894, assum d by
172,434 54-
Lehigh & Wilkes-B
lands
irre
...
Balance of individual
267,950 79
152,145 61
Central RR ot N. J.. .$2,310,00!) 00
L & W. B. Coal Co....
590,000 00
3,646,500 00
L. & VV. B. Coal C >
- 835,500 00Coai Co., balance due on purchase of coal
1,000,000 00
205,121 99
ledger
$30,5)31,781 52
Cr.
Capital stock
Funded «<ebt
Bills piyable
Central Railroad of New Jersey, due for construction work
Ground rents, mortgages and dowers
Profit and loss, old account
$9,949,900 00
14,906,670 02
2,027,805 00
282,589 69
65,250 67
2,587,304 It
715,265 00
Dividend fund
$30,534,784 52
Gulf Western
(Report for the
Texas
44
44
$140,510 4!
$65,040 52
18.784 05
6.230 90
3.490 83
215 65
1,609 01
5,350 14
$164,454 33
$77,816 21
$64 411 36
$45,239 98
53,854 58
22.609 94
46,S44 77
14,403 29
7,803 67
$19,171 38
7,009 81
8,406 65
.
8,712 43
operating expenses
*
$149,788 36
$35,496 65
$14,3(<7 56
164,454 33
above during year ending March 31, 1875
Total
$178,851 89
Operating expenses durirg the year.
on
real estate and law expenses
..
....
Surveys and estimates for extending road
New shops and new shop tool?
Loss from dc.inquent agents
$111,291 71
5,918 58
381 65
1,545 74
514 92—$122,712
Ba’ance of earnings March 31, 1875
Ti is balance is represented as follows:
Due by United States account—Freights
“
“
“
Mails
“
60
$56,139 29
6 607 27
Cash on hand and on deposit
Amount due connecting .ines
42,767 46
317 00
$56,456 29
$56,456 29
The length of track owned and operated by the company is 08
and 8-10 miles.
The equipment in good running order consists
of five locomotives, three passenger cars, two mail and baggage
box
or
house
cars,
530 miles.
68
6&
..
And the >cioto Valley
been purchased
Line from Columbus to fronton, Ohio has
124
Total additional lines
728# miles.
Our system
of lines and connections, as thus briefly described,
covers 14,612 miles of poles and 23,477 miles of wire, and
brings
us into direct communication with 1,385 offices.
The number of miles of pole line in the direct control of the
Atlantic & Pacific Company at the close of the year was 5,097,
and of wire, 12,039.
The authorized capital stock of the Company
The amount issued at the end of the year 1874
leaving
a
is $10,000,000.
$9,578,100
was
balance of four thousand two hundred and nineteen
shares in the treasury.
receipts of the Atlantic & Pacific Company for the
year
inclusive, were
The gross expenses were
$450,534 01
399,111 97
Leaving a net. profit of.
This surplus and a portion of the Company’s
from sale of its Treasury stock, were expended in
and purchase of lines before mantioned, viz:
New York to Long Branch
Columbus. O., to Ironton, O
City Loops
...
$51,422 04
funds, derived
the construction
$55,907 28
4,922 86
7,000 00
383 00
thirty-one flat
or
The
Company had
hand at the close of 1874 net assets
amounting to $197,113 44, in addition to its Treasury stock. This
sum is ava lable for the extension and development
of our lines
on
and business.
There were also on hand at the clote of the year
materials and supplies sufficient for about two months use.
The Company is free from debt of every kind.
In November, 1874, a lease of the 'lines and property of the
Franklin Com pan y to the Atlantic & Pacific Company was negoti¬
ated chiefly for the purpose cf securing economy of administration,
and avoiding the necessity for maintaining separate organization
and accounts.
Since the beginning of
$5,817 37
1,264 19
agents, current balances
cars, twenty-nine
year,
$68,162 64
$114,291 71
Balance of earnings, April !, 1874
Taxes
during the
908 81
Earnings
as
City Loops
Chicago to Omaha
.
.
rolling stock and shops
management
Total
Decrease.
$242,300 54
railway and buildings
1874 5.
25,014 95
3,706 48
7,019 18
Total earnings
constructed
1874, including the Franklin from November 20 to December 31
$205,559 93
.
were
From Chicago to Jmaha
From New York to Long Bianch
The gross
Railway.
1873-4.
The operating expenses were
For transportation, inc u 1 ing fuel..
44
Pacific
ending March 31, 1875).
year
The earnings were
From freights
44
passage
44
u. S. mails
44
miscellaneous
A
the Atlantic.
New lines
.
platform
this year (1875) your Comnany has
acquired working possession of the American Automatic System
of Transmission, which is protected by thirty six indisputable
patents. The use of this system readily admits of instant change
from
ordinary Morse to Automatic, at the will of the operator.
Your Company has also purchased the exclusive right to the
use of the Wheatstone Automatic
System of Transmission in the
United States and„the Island of Cuba.
Your Company has also purchased from the inventor, Mr. Thos.
and five stock cars—making a total of seventy cars of all
kinds.
The competition of other rail routes compelled a large
reduc¬
tion of rates in the line of the heaviest business.
The actual
A, Edison, and from his business partner and assignee, Mr. George
Harrington, the inventions known as the duplex and quadruples.
The duplex and quadruplex inventions are valuable, but they are
gross tonnage transported is but
but the rates realized for carrying
mitting capacity of
cars
little changed from last year,
it are much less—say in the
proportion of thirty-five then to twenty
now.
-
The local business proper of the road is gradually improving,
with a prospect that it will become self-sustaining within a few
years.
It is now too little to pay operating expenses.
It has been found entirely impracticable to obtain means for
the completion of the road to San Antonio, or even for the section
from Cuero to Gonzales.
much less
so
than the automatic, for the reason that the trans¬
a single wire, by the use of the latter, is uot
less than five times greater than that of the quadruplex, and for
the further important reason that the automatic is
capable of clear
transmission, at a high rate of speed, under conditions of the line
and of the atmosphere so unfavorable that an ordinary Morse
circuit can hardly be operated at all, while the
duplex requires
exceptionally favorable conditions of line and weather, and the
most skillful operators, in order to render it available, and the
same is true, in a much
greater degree, of the quadruplex.
We have recently taken charge of the Marine Life, New York
Atlantic & Pacific Telegraph Company.
to Sandy Hook, under an acceptable agreement, enabling us to
{For the year ending December 31, 1874).
compete for marine news and the service connected therewith, in
The report of Thomas T. Eckert, Presideilt, has the following: which the
great cities of the coast especially are deeply interested.
The lines of the Atlantic & Pacific Telegraph Company extend
The steamer Faraday left England on the 5th instant, for the
from New York C\\y, via Albany, Saratoga,
Oswego, Syracuse,and purpose of completing the United States direct cable.
Under
Buffalo, N. Y.t tlience by two routes—one through the Province of favorable circumstances this can readily be
accomplished within*
Ontario and Detroit, Mich., and the other via Cincinnati to
Chicago, few days from the time of the steamer’s arrival at the point to be
and thence, via the Chicago, Rock Island, and Pacific Railway, to connected.
Omaha, Neb., and via the Union Pacific Railway to Ogden, Utah,
It is hoped that the connection will be
successfully made at a
with various branch lines, and having connections with the lines very
early day. Manv of the details of our prospective business
of several important railroad companies and local telegraph com
relations with the Direct Cable Company were satisfactorily
panies. At Ogden we connect with the Central Pacific Railroad arranged with Mr. Oliphant. its American representative, and Mr.
Company’s system of lines, in accordance with a contract with that Von Chanvin, its general manager, during their recent visit to
Company, the terms of which are mutually advantageous, affording New York.
the Central Pacific Company through communication to the Atlantic
Arrangements are now well progressed for extending our facili¬
Coast, and us the same to the Pacific.
ties, by an additional route lrom New York City to St. Louis, Mo.,
As stated in your President’s report for the year 1873, the from
Chicago to Milwaukee, and from Rye Beach, N. H.f to Port¬
Atlantic & Pacific Company purchased, in its corporate name, land, Me. Other and
important extensions and connections, by
429
CHRONICLE.
THE
May 1, 1875]
Indiana & Illinois Central.—At the suit of the Union Trust
reach all the leading cities, both North and South,
Company, of New York, the Iuoiana & Illinois Central Railroad
under consideration, with the prospect of favorable results.
The reduction of rates by our Company, which took effect on was sold April 27, at Indianapolis, by Hon. J. D. Howland, Com*
The road was bid in by Messrs. Fahnes'ock & Mumthe 15th of February, resulted in an immediate increase of busi- missioner.
ford, representing the first .mortgage bondholders, at $50,000.
ness throughout the territory affected by it, quite equal to our
expectations. The gross receipts tor the first three mouths of this The company will be reorganized and the road completed to
year were $180,736 42. The increase in March over February was Indianapolis as rapidly as possible.
Julius
Joliet & Northern Indiana Railroad*—Messrs.
over seven thousand dollars, and over January nearly eight thous¬
Wadsworth, Henry V. Poor, et al., have brought suit in the United
*
and dollars:
The following trustees have been elected for the ensuing year: States Circuit Court in Chicago against tho -Joliet & Northern
Oliver Ames ; Elisha Atfcins ; S. L. M..Barlow; Benjamin E. Bates ; Indiana Railroad Company. The bill filed sets forth that in the
F. Gordon Dexter ; Sidney Dillon ; G. M. Dodge ; Thomas T. beginning the road was mortgaged for $800,000 in bonds of $1,000
Eckert; Win. H. Guion; Jay Gould ; C. P. Huntington; S. M. each, and running 20 years from 1S54. The Michigan Central
Mills; J. H. Mortimer; C. J. Osborne ; G. G. Sampson ; James D. then leased the Joliet and Northern Indiana at an annual rental of
$80,000, and paid the interest on the bonds at 8 per cent till their
Smith; E. D. L. Sweet; W. J. Syrns; Henry M. Taber.
materity in 1874, when it refused to pav any more rent. But it
Boston Water Power Company.
has obtained possession of about four-fifths of the stock of the
Joliet & Northern Indiana, but is not liable for the $800,000 in.
(For the year ending March 31, 1875).
The annual meeting of stockholders was held in Boston, April bonds, and the Central said the holders of the bonds must foreclose^
28, the President, Gen. James 3. Whitney, occupying the chair. or grant an extension. The holders do not seem to have doneThe annual report of the Directors refers to the trust mortgage of either, but the complainants allege that the defendants are com¬
February, 1874: which was fouud to be illegal, and of the second bining to defraud the holders ot bon’s. The bill therefore prays:
that the defendants may be compelled to transfer the lease netting"
mortgage for $2,000,000 to George Stark and John Brown.
Trustees, dated March 15 of the same year. Soon after this a $89,000 per year, and that a receiver may be appointed to collect ;
that Wadsworth may be empowered to sell the reversionary rights
mortgage for $2,800,000 was executed to Dwight Foster, Lyman
Nichols and Jacob Edwards, Trustees, and the second mortgage ot of the road and apply proceeds to payment of bonds ; and that the
March 15 was cancelled. Under the trust mortgage the sum of Michigan Contral may be restrained from paying the rent to the
$1,116,311 68 in the notes comprising the floating debt on the first Joliet road.
Louisiana & Missouri River.—The Chicago Tribunes ays: The
day of March 1874, has been paid, and the notes Surrendered and
cancelled; $51,787 of the script dividend debt has also been paid, Louisiana & Missouri River Railroad was sold by the Sheriff at
and the mortgage of $123,070 06 on the lands of Braman, Hyde public auction at Columbia, Mo., on the 22d inst, to satisfy an
and Andrews, Trustees, to guarantee the filling of said Trustees’, execution against it. Gen. John M. Woodson, attorney of the
land, has become the property of the Company. In this trust Chicago & Alton Railroad, gave public notice to all whom it might
mortgage of June 1, 1874, now the only existing mortgage of the concern, before the sale was made, of a claim agaiust said road by
Boston Water Power Company under which bonds have beeh or the Alton & Chicago of about $100,000. Mr. John Loler, of the
firm of Sheehan & Loler, of St. Louis, bid $250 for the road, and.
can be issued, there is a condi lion that no foreclosure or possession
it was knocked down to him,
The road is built and in operation,
ot the property ot the Company can be entered upon by the Trus¬
tees, unless the Company is at any time hereafter more than six from Louisiana, Mo., to Jefferson City.
months in default in the payment of interest on the bonds. The
Northern Pacific Railroad.—Mr. Geo. W, Cass, who has beem
contract in force with Mr. N. C. Munson at the beginning of the appointed Receiver, resigned his position as President, anl Chas..
B. Wright, of Philadelphia, was elected unanimously to fill theyear, relative to the filling of lands has been abrogated,and much
more favorable terms secured.
The company, having be^n unable vacancy. Mr. Wright is a man of large wealth, and he has beeni
to procure the payment of their claim againts Messrs. Bearse &
interested actively for twenty years in railroad enterprises ini
Drew, for filling their lands and their part of Commonwealth Pennsylvania. He lias been nine years a director of the Northern;
avenue, have commenced a suit at law against them which will be
Pacific road, and Chairman of its Finance Committee,
Pacific of Missouri.—In the case of Bailey and others against
pressed for early trial. The claim of Messrs. “Haven, Rice &
Thayer, Trustees,” for damages for non fulfilment of contract to this compauy the United States Supreme Court has given a de¬
fill the lands of said Trustees, is by mutual agreement to be sub¬ cision reversing the decree of the lower Court as to the State tax
mitted to arbiratiou, so that at this time the company is relieved and
affirming it as to county and school tax. r£he Court holds
of adverse litigation, it has retired nearly all its floating deb:, and that the 12th section ot the act of the Missouri
Legislature of
for all unpaid ample provision has been made, and the payment
1852 was a contract exempting the railroad from taxation only
of all previous mortgages is also secured.
Following is a state¬ for a limited time, aud that the company is now liable to taxation
ment of the standing of the company :—
for St,at9 and county purposes.
FINANCIAL CONDITION MARCH 31, 1875.
Quicksilver Mining Company.—The Tribune says: Judge Van
ASSETS.
Bruut, iu Supreme Court. Special Term, has rendered his dicision
Real Estate.
(Estimated)
in the suit of George S. Kent agaiust tbe Quicksilver Mining Com¬
2,180,600 feet of land east of Parker street south of Boston and
Albany Railroad (in >stly tilled; $1 2>
$2,725,750 00 pany. The company was originally a Pennsylvania Company,
but in 1866 w^s changed into a New York Company, the holders
1,010,000 feet of land, basin west of Packer street, north of Boston
and Albany Railroad, 75 cents
780,000 00 in the old Company being given the right to exchange their stock,
5.900.000 feet of land, basin west of Parker street, south ol Boston
for share, into the new Company.
In 1870, while yet some
and Albany Railro id, 50 cents
2,950,000 00 share
of the stock was unchanged, the Company", needing money, direct¬
18.000 feet, south of Providence Railroad, and between Camden
and Northampton streets, $1
18,000 00 ed subscription books to be oponed on which any holder of stock,,
25,000 feet, town of Bmukl.ne, 30 cents
'
7,500 CO
by paying $5 per share, might convert it into preferred stock.
1,026,425 feet in streets for which the City of Boston owes the
company
281,664 90 Such pre.erred stock was to receive, out of net earnings, seven per
which we shall
are
r
Claim against the
City of Boston for filling streets to bridge
491,070 06
Mortgage notes receivable
Cash
on
hand
About 43,000
and the same dividend as the common stock.
shares were thus converted, when the money needed having been
cent
33 970 00
grade
74 52
*
r
raised, the books were declared closed, leaving about 57,000 sharesunconverted.
$7,291,029 48
LIABILITIES.
First mortgage bonds, issued
Notes payab e
$1,659,000 00
H.0.837 17
Loans
356.198 00
46 864 00
payable (with collateral)
Notes pay ible (with collateral)
Mortgage notes payable.
Dividend No. 16 (cash)
Dividend No. 17(*cripj
Salary due Trxstees under
872,273 92
410 00
.*
N. C. Munson
mortgage
Taxes city of Boston, 1873-74
F. B. Wallace & Co., New York Transfer Agency
Faljer & Whitney, Surveyors
Obligation of the
-
Total assets
company to
over
26.433 00
11.401 00
3.500 (JO
65,000 00
1,038 86
2,014 00
fill land
liabilities
80,000 00
$3,224,999 95
..
In 1874, a
proposition to reoped these books and allow all the
change their stock into preferred stock on paying
$5 per share and interest from February, 1870 was adopted by a
vote of about 74,000 shares of stock, of which about 29,000 sbaresere preferred.
The plaintiff, as the owner of both common and.
preferred stock of the Company, brought suit to prevent suchplacing of all the stock on a common basis, claiming that it was;
inequitable to those who bad risked their money at a time of great
depression to place them on the same footing as those who would!
now get the money they advanced at
once hack in a dividend*.
The Company ciaimed that the proposed change was equitable;:
that it was indorsed by nearly three-fourths of the stockholders ;;
that it was the only way to avoid litigation on the^ part of the
common stockholders, and that the creation of this prelerred stock,
stockholders to
$4,066,029 53
The report appeared to be regarded as favorable. It was stated
that the prospect of the selling of a portion ot the company’s lands
for a public park has already led to demands from private parties.
The report ot the Treasurer was accepted and ordered to be placed
on file.
The following Directors were then chosen: James S.
Judge Van Brunt holds that the plaintiff, being tlie owner of
both common and preferred stock, has the right to maintain tho
injunction sought lor, aud decides that the plaintiff is entitled to
Whitney, of Boston, John Biown, of Boston, C. K. Kerby, of Bos¬
action to create
ton, William B. Brown, of Marblehead, George Stark, of Nashua,
Francis B. Wallace, of New York, Thomas F. Mas<>n,of New York,
the choice being unanimous.
The Directors organized
choice ot James S. Whitney, President, and William. B.
Treasurer and Clerk.
GENERAL
INVESTMENT
by the
Brown,
NEWS.
Delaware & Pennsylvania.—This road is advertised to be
at Sheriff’s pale May 6.
It is the Delaware end of the Penn¬
sylvania & Delaware road, and is 16 miles long, from Delaware
City to the Pennsylvania line, and is operated by the Pennsyl¬
vania Railroad Company.
sold
was
illegal.
injunction restraining the defendants from taking the proposed
preferred stock.
St. Paul & Pacific.—At a meeting of holders of the first
mortgage bonds of the main line, in New York, it was recentlyvoted to remove the trustees, Horace Thompson, Geo. L. Beckerr
aud W. G. Moorhead, and to appoint as trustees in their places
Thomas Denny, Thomas W. Pearsall, and Jacob S. Wet more,
Texas, Mississippi River & Norlhwestern.—Gn application
of the bondholders, the United States Circuit Court has appointed
a receiver to take possession of this road
pending proceedings- in
foreclosure.
The bonds are largely held by the owners of thn
an
Little Rock & Fort {Smith road,
'l ha compauy was
formed about
eighteen months since by the consolidation of the Little Rock,
Pine Bluff & New Orleans, and the Mississippi, Ouachita & Red
River.
Commercial $ i m e 0.
COMMERCIAL EPITOME?
'
Night. April 30, 1875.
$ 1) c
Friday
Tlio weather has continued
unseasonably cold, and inland navi¬
gation remains partially closed at the North and West. A tele¬
gram from Buffalo says that Lake Erie will not be clear of ice
before the 15th of May, and the re-opening of the Erie Canal is
postponed till the 18th of May. Some branches of trade suffer
from this delay, and from the low temperature, but on the whole
business has been fair.
Complaint is still made, however, that
profits are uncertain, and at the best quite small. Timid action
seems to be the rule, whenever actual investment is called for,
and there can be little hope for a very material change in this
particular till our currency is restored to a specie basis, which
will permit a revival of confidence.
Coffee has been active, and stocks remain quite reduced ; 27,745
bags Rio, and 14,072 bags, and 6,112 mats of other growths, with
very little at the Northern ports ; Rio quoted at 17£@19c. for fair
to prime cargoes.
Rice has been without essential change.
Molasses has been salable at 44c. for Cuba muscovado, 50 test,
and stocks remain small.
Sugars have been quite active, and
prices are l-16@4c. higher for raws, with fair to good refining
Cuba quoted at 8|@8fc., No. 12 clayed 8|c., and 11c. for
standard crushed, but the close is rather quiet.
The movement
has been as follows :
Boxes.
Receipts past week
Sales past week
Stocks April 29,
Stocks April 30,
1875
1874
The auction sale of teas
17,10(5
11,913
74 454
77,694
Bags.
6,114
Exports of Leading Articles from New York.
The folio wing table,compiled from Custom House returns,shove
the exports of leading articles from the port of New York Bine*
January 1,1875, to all the principal foreign countries,and also tie
totals for the last week, and since January 1. The last two line,
show total values, including the value of all otherarticles besides
those mentioned in the table.
Melado.
1,878
Ilhds.
Q)
12,015
30,893
-54,464
yesterday did not
St-
go
■“
in rf co of ©
nr -r co v* at
£-ih
coflM'f
"
co co
i-
CO i-n CO r—
r-i
‘
CO T*
a*
■n
•
f
nr
©_ -r-i nr
.
300,565.708
The following is published as a statement showing
packing Nov. 1 to March
two seasons:
Meats.
Supply, net 20 per
ci cf 1 o’ t-
«
mow-ii
r
5
o t- co ©
co
:
e
—
05
a
2 00
1
2
S3
H
■3.2
m
co
Exports
Remainder
...
Remainder
.
000
ot
*nf<T*
tAc-
O* CO
i-l
lbs. 930,379,748
t-
oTr-T
CO
© IC5
[fo gt
© CO
so
5
—
O
l<
rH
00 t-
O
o»
«
oaooio
:SS; s>*
<--©©
.oo
•
:
© <-.
MH
•
i
—■
ao
to m
■
U
CO
1
•2
CD
.
i-*
CO uo CO
10 05 05
•
I
0O
*
CO
coco
t-
lbs. 190,.‘380,607
£■©
®*c^
*
00
eo o
050
05 t-
ODasNOSCIt-r-COCOffiii-i
•
^ « M 05 u5 1-1
to o* tOO 1—< CO CO
•
=0
^
1
’
•
’
oi
'to
to
*1.0
Gl?
w co
c*
00
05*00
CO f
c-_ tk m
54
05
»r4
.05
^
-H
00
:8 ,.°5i
r4
.—I I
.
00 O O
O
*
•
O
%%
a
.1
.
: :g : :
g-
a®
’
00
2
8®
m
CQ
:
1
•
1
•
•
eo-n
.—<0
•
•
•
• -O'
of
f
1-1
o co
•
nr ir
00
i-T
i->
-s
i-
•
•O CO JOf <- O
us oo
co c* c—
»o
os
TT
•
•000
,55 fl
«o
a
•
.
.
.
•
•
co os m co i-« 00
— <.- 00 o *o 00
•
—<
.
05 05 O
iO
a0
•
4)
•
hi
4> n3
05 ru
:S
o
:
S : ? : : : :
(N
1
1
v
O
•
.
88
-o^oi co 1-
id so'of
•
•
•
.^TfO®Q035(NTf(NOt-COQO«i1
•ao'nrnj'aoo<i-ao^coc,»irtoooocoo5
. CO
0Ol*rt VOiO®Oiiritt*
SOODhOiO-n*
05
CO
' in
'rp
•
<
“
'
'
“
CO nr
-o
Tf 1—
r-'
o CO
:PS
:
Cnf
*
1—1
—-1
CO O <7f
05^01
0*9*
o
2
X3w5
-O
j
iino
«
1
.
.
,000
•
*
#
•
•
•
•
5?
m •
o»so
•
ioo
cc
■
.os
ioo
• co
•
"
05
«ao
.0*
>
•
.00
.1-1
in
i
,
*
cO
.
ab
•
•
-iooo
—r
•
10
.'0X5
r-co
so
*
*n
»
•
•
{-
•
*
.® -•
.0
.
co co
*^r
.0
*2 nr
nr
*
•
05
•
C*
-
05
—-
05 >0 oc o<
* . ra
nr o »o co nr
♦ •05t'-<s»co®s'*050<s*05a6i•
•
nr
oi*
i-1 co
OOO
ten
r-c*
.
,
,
*
00
tf
E8
.coooNHOt-oni
.o
. 1—. co
10 i-n co
IT* CO CG
aonr
‘
nr
CO O
.co«
1-,
• nf(
r- (T* nr
•
ICO
.rn0t-»n|iW05t-Ci3
S"
s
l
•
nT
i
'
‘b nr t— T*
1®
05*
2‘If
,
®®
c* v
■
CO to -« t- CO
■
CO CO —•
CO ot
•
‘•o
•
i-i
•
.
eo
•
.
CO O
1*0 o
eo o*
•
»no©
am
.1—05
l-nir
CO
t•
. v—i
•
. nr 1-1
*
tn
^ l l iaB
it-O
•—*
.1-05
. — co
o
•
•
.1-1-
-moo
• m nr so
.05
• oo
O
co
•
!
!
.
•
•
o*
•
I
-CO
.
•
•
'at
’
•
8
•S
•
•
a
.COO* 1—
**!••••-•
•k;
I** of o
•
••••■•*
•
1
»
•
'fH
jfinr
oo«
S«
:8 ! *v°-
•
«
,
.L~
■g*
•
•
•
*
o.
•
.
•O
t.0*
• Of
.
668,226,500
191,444,035
125,357,700
.
>
r-T
15
•
10 CO
I
© oo nr ffn fit
*
© o o e* <s*
p nr »o o oi m
•
*
*
.
•
•
2
•
'
eo c—
•
‘
co © o o
{.- ■O' l - to
CO
CO
■
aj
hi
•
.2*
•coooo
oo
on
•
.-i
-
^
:
•
•
C#r«
P5
940,101,577
lbs. 737,461,619
c3!,
t-i — iO
CO OO
05 lO
•
•
co c~
w
2^
.•^ooQDOWoen’fl'ffir-o®
•
o* t- © an
•
»-7c-r4 *
CCoTi-T
1873-4.
27 ,8^5,077
192,918,129
107,647,579
Exports
•
1, and exports Nov. 1 to April 24 4for
Lakd.
Supply
© GO m CO ©
©
•
tjjcootoih
’
^"soo
CO
>
->
2 T* CO CO CN CO CO
© © nr 351— i-< © -<
•
'
*e a ®
o
-o
oc_t* c
the Western
1874-5.
cent off.
i~t
9,810,800
17,710,121
69,167,948
96,688,869
25,568,400
107,647,579
167,349,729
397,254,577
Total, lbs
co
oo w*
Xjr..
*
*0
t-
The exports from Atlantic ports,
follows :
1873-4.
1874-5.
Decrease.
35,179,200
125,357,700
236,517,677
iff i-
OOlfllfl!
*-c
S! 93
other hog products very quiet.
Nov. 1 to April 24, compare as
Pork, lbs
Lard, lbs
Bacon, lbs.
“*
■
©y- t— f) OO (
V i~i
71,262
90,550
200,016
off satisfactorily,
a
t— OO 05 OJ
t* t- »j 'O
-«nr ot-
*
nr
rt
fl
699
1,207
413
879
depressing influence upon the market; greens were
lower, especially fine grades; Oolongs and Japans without decided
falling off.
Provisions have been variable, with hog products latterly
showing weakness. In mess pork, recent transactions have been
large at $21 903$22, cash; $22(a)$22 10, seller May; $22 15@
$22 25, seller June, aud $22 35@$22 45, seller July, closing yes¬
terday at the top prices, with regular business at $22 25. Lard
exhibited weakness, and sold yesterday moderately at 15 15-16010c
for prime Western steam, spot and May; 16^c.' for June, and 16£c.
for July, a decline of £c. from Wednesday.
Bacon has sold at
12p». for Western and 12fc. for city long clear, and pickled rib
bellies have sold freely at 11^'tMlfc. in bulk, but trade generally
dull* Beef has been in good demand and firm. Tallow has been
steady at 9£@9£c. for prime. Butter has been more steady, with
a slight recovery of prices.
Cheese has been steady at 12@16£c.
for factories, with a fair export. To day, the market was a shade
stronger for pwk at $22 25 for mess in the regular way ; $22 05
@$22 10, cash and May, and $22 50. for July. But lard was
flat and nominal at 15|c., spot and May, and 16c. for June, and
and had
[May 1, 1875.
THE CHRONICLE.
430
lbs. 82,733,028
more active for export,
.
.CO
:
:S :
: :
i
.
1-1
w T*
CO »-l O* T*
g
co
i-4 ei
:8S
S2C
obc*
nr-n
i-Ts*
OE4
66,086,333
.
!
•
Kentucky tobacco has been
and prices
firm at 10 fl)12£c. for lugs and 14@25c. for leaf.
The sales for
the week embraced 1,250 hhds., of which 1,000 were for export
And 250 were for consumption. Seed leaf lias been in fair demand
sand firm. The sales embraced crop of 1873, 683 cases Pennsyl¬
vania at 8£@35c; 110 cases New York, at 8c.; and 30 cases Con¬
necticut on private terms; also 300 cases sundry kinds at 8355c.
Spanish tobacco has been less active but steady; sales 600 bales
Havana at 87|c@$l 25.
Ocean freights have been dull and somewhat unsettled, though
at times considerable steadiness was manifested, owing to the
limited supply of immediate berth room ; charters are without
essential change, and there is a steady moderate movement going
on at about late rates. Late business includes : Grain to Liverpool,
by steam, 5|@Cd.; Cotton, £35-16d; provisions, 28s. 9d. Grain
to London, by sail, 6^d ; do to Hull, by steam, 6@6£d.
Grain to
Cork, for orders, 5s. Crude petroleum to Marseilles, 4s. ; refined
do to Elsinore, for orders, 4s.@4s. l|d. To-day, little or nothing
was done.
The nominal grain rate to Liverpool by steam was
5|@6d. Grain to Dundalk 5s. per qr. Refined petroleum to Cronstadt, 4s.; do to Liverpool, 4s. Grain from Philadelphia to Cork
for orders, 5s. 9d.@6s.
Refined petroleum has latterly been dull, and closes lower ;
-
«in
*oi
•
•
*o
•
•»-»
•
•
•
(
•
•
•
•
.
.
eo
©
co
C0
arm
1—
tdo
are
exporters’ have withdrawn from the market and advices both
from the Creek and Europe are very weak.
May closed nomi¬
nally, 13@13£c; crude, in bulk, quoted 6|c for spot and 6f@6|c
,9*n
nr
'-p
,
. -h
m
:
SJ 9 «
®
3
.
~
.irfffn
:
•£-©•
:g :3 :s?ggg.ssg
J30.
•.-©coco 00
* ’g *
*-s
‘ao-T
.
nr O 1-1
■
»© o
© is*
nT o* t—
«
t-c*
•
>
*
Export since Jan. 1—
•
go
Total
Same time 1873
•»
1673
^
„• J
C0 3i
:©«'-’,°5,: aT
i
S3
eofi
2
•©CJC2
•
•
<*(•
lot* 2
88
ts
C3
S-s
©or—
^
GO
-H
n
id
k6 m
T-Z co'
cr*
•
•
•
•
•
.-'00
-Co
^
40
.
eo
co
nr'
00
5 m d
.
m
® Ma M ®
^ «*3
.’^*^°
n&^.OO-c; sa,*».^aj§
d
16,026,380
47,873,978
55,018,057
00*3 2
43,491,728
o
v
d
WlR
83 CD
IB
IS
34,520,737
20,497,320
32.609,471
*©
cf«
•
31,847,598
galls.
•
o
galls.
•
•
«*%
*
1.874
1875.
.eo®> *
o*
*r
:2
galls.
York
Other ports
o
C>
* co
O^lO * 30_
#H
TjT
for Mav.
From New
*m*«-*go
(T*
—
*
h.
88
o
asssog^.-g :gg
^
^
i-n
Imports of Leading Articles.
following table, compiled from Custom House returns
The
the foreign imports of leading articles at this port since
1,1875, and for the same period of 1874 :
Great
Since
j
Same
Since
Metals, &c.—
China, Glass and
Earthenware-
Cutlery
3,790
12,923
China
Earthenware.
.
2,470
2,130
2 990
37,285
142/253
31,523
394,594
Steel
Tin, boxes
7^054
0,458
5,29b
510,189
Tin
982
86.078
Lead, pigs.
Spelter, Tbs
7'001
3,975
1,516
1,620
1,325
Hardware
Iron, HR. bars...
3,001
10,30.'.
125,709
173,341
10,513
Glass
Glassware
Glass plate
Buttons
Coal, tons
Cocoa, bags...
Same
Jan.1,’75. time 1874
57,125
270,001
29,151
344,997
2,707^585 3,179’365
slabs, lbs
New Orleans...
Mobile
Charleston*
Savannah
Galveston*
New York
Florida
No. Carolina,..
Norfolk*
Other ports....
948,456
313,001
423,29S
575,712
347,585
125,679
....
12.298
Coffee, bags.’
5b!)
Cotton, bales
Drugs, &c—
hlids, tcs. &
184,632
802,040
413,471
19,011
223,822
905
1,171
Champagne, bks.
26,455
Wines
57,071
30,393
30,172
9,880
8,177
10,766
11.953
8,139
jTea
Tobacco
2,243
powders...
Cochineal
Cream Tartar...
Gambier
Gum, Arabic....
Indigo
Madder
Oils, essential..
Oil, Olive
1.618
i
1,373
1,419
403
412
338
10,100
19,577
15,388
12,625
48,503
1,917
India rubber
Ivory
Jewelry, &c.—
Jewelry
3,835,077
107,159
4,568,112
285,041
133,325
20,293
201,727
83,723
49,639
35,917
148,223
104,248
50,539
10,361
109,724
49,874
115,720
Ginger
Pepper
Saltpetre
332
1,084
970
283
Watches
Linseed
Molasses
148.405
930,14 4
491,119
835,922
90,910
Nuts
Raisins
77,857 iHides, undressed..
'Rice
406
SpiceSj &c.—
Cassia
2,439
22,565
297
250,123!
308,502
33,177
vVoods—
Cork
Fustic
31,748)1
16,523
289,502
63,774
112,506
319
2,514
14,000
1,019
$677,508
971,450
387,703
5t».,939
Oranges
1,140
512
Bristles
Hides, dressed..
285,119
107,257
....
jFish
1jFruits, &c.—
Lemons...
3.553
700
i ,363
Hides, &c—
$530,220
22,559
Corks
17,700 'Fancy goods..
20,700
4,067
2,873
Hemp, bales
by
6,888 Cigars
278
Soda ash
Flax
Furs
Ganny cloth
Hair
21,593
Articles reported
value —
325
503,503
537,114
32,049
Wines, &c—
Wool, bales
b75
•
12,012
•
Waste
13,196
1,555
1,214
Opium
Soda, bi-carb,...
Soda, sal
f
587 1
2Jj
2,765
32,530
45,400
'Sugar, bxs & bags.
Bark, Peruvian..
Blea.
5,905 ;Rags
480,747 j Sugar,
502
bbls
Logwood
Mahogany
-
9,907
39,047
COTTON.
Friday, P. M., April 30, 1875.
received to-night from the Southern Ports
the returns showing the receipts, exports,
week ending this evening, April 30. It
receipts for the seven days have reached
22,190 bales last week, 37,769 bales the
By special telegrams
in possession of
&c., of cotton for the
appears that the total
22,19!) bales, against
previous week, and 41,156 bales three weeks since, making the
total receipts since the first of September, 1874, 3,319,082 ball
against 3,576,307 bales for the same period of 1873-74, showing
decrease since September 1, 1874, of 257,225 bales.
The details
the receipts for this week (as per telegraph) and for correspondii
weeks of five previous years are as follows:
weare
Becelved this week at—
1
J
6,-82
1,500
1,379
4,373
2,211
3,006
2,695
2,261
bales.
2,761
3,803
,
901
114
Indianola, &c
Tennessee. <fcc
Florida
North Carolina
3,420
1870.
1871.
1872.
i
,639
20,897
3,822
J
3,906
962
22,228
4,4(51
2,585
7,732
1,735
8,183
8.146
711
10,203
7,715
6,449
5,220
6,524
2,686
440
563
|
3,339
171
963
115
723
169
419
49
810
4,723
4,599
4,014
338
3>1
243
165
£
2.015
5,216
Charleston...
•
New Fork...
Other ports*.
13*®...
15k®....
15*®....
16
16%®.... •
17*®...
17*®....
Ordinary
perib.
Good Ordinary
Middling
Middling
Good Middling
Middling Fair
Below
Uplands
we
fixp’t.
Saturday
Monday
Tuesday
Wednesday
Thursday
.
SSO
114
179
325
620
105
1,723
2.2'6
1,400
Total
12,100
Contin’t
week.
4,065
6,292
4,409
4,101
11,688
1,844
117,313
32,921
16,267
S2.374
41,180
188.651
35,413
43,15
47,000
133,115
33,000
65,834
465,864
416,180
37,497
’
•
„t
15,735
1,181
....
11,267
293,283
1,747
102
1,587
5,3)8
53,310
2,280,975
393,682
1874.
f
t
2,496,290
....
....
•
The exports this week under the head of *' other ports” include from Baltl
more 230 bales to Liverpool; from Boston 685 bales to Liverpool; from Philadelphia
510 bales to Liverpool, and 102 to Antwerp.
telegram from New Orleans to-night shows that
besides the above exports the amount of cotton on shipboard, and
engaged for shipment at that port, is as follows: For Liverpool,
26,000 bales; for Havre, 11,000 bales ; for Continent, 3,500 bales;
for coastwise ports, 2,000 bales ; total, 42,500 bales ; which, if de¬
ducted from the stock, would leave 75,000 bales representing the
Our
quantity at the landing and in presses unsold or awaiting orders.]
From the foregoing stateraent.it will be seen that, compared
with the corresponding week of last season, there is a decreate
in ‘ttie exports this week of 12,524 bales, while the stocks to¬
night are 49,684 bales more than they were at this time a year
ago. The following is our usual table showing the movement
of cotton at all the
ports from Sept. 1 to April 23, the latest mail
;
16*®....
17*®....
17*®....
13
18*®,....
®....
P KICKS.
Good
Total.
3,755
2,365
1,518
2,711
15
91
100
....
•
....
•
•
206
....
Mid
16
16
13%
13%
13*
13*
13*
13*
1,630
11,0*29
15*
15*
15*
15*
15*
15*
15*
15*
15*
15*
....
2,020
•
....
Low
Ord’ry Ord’ry. Mldl’g. dllng
....
....
16*
16*
16*
16*
16*
16*
•
•••
For forward delivery the sales (including
free on board)
have reached during the week 222,900 bales (all low middling or
on the basis of low middling), and the following is a statement of
the sales and prices :
For April,
cts.
bales.
600
16*
1,000
117,596
25,273
13,790
27,619
3,776
<>,846
11,267
1875.
16*®....
16*®....
17*®....
13*®...,
15%®....
16*®....
16*®...
17*®...,
17*®....
18*®....
and transit cotton and price of
of the past week :
Con- Spec- Transit.
sump. ula’n
3,360
2,160
1,369
2,519,497
France
13*®...,
15*®....
16*®....
.
SALKS.
New
3,570,759
Stock.
@....
Texas.
give the sales of spot
at this market each day
Classification.
13*®....
15*®....
16‘4®...
2,564.652
1,485
Low
New
Orleans.
Alabama.
3,258,170
Bame
week
1874.-
508,755
:
Uplands.
3,576,307
36,695
1,594,905
dates;
the closing quotations
New Classification.
Friday
3,776
2,846
5,135
10,566
Galveston....
are
50,564
Total
this
1186,4%
1251,512
spot for export, the effect of
56,685
Exported to—
Savannah
ing
the
26,512
season.
12,287
2227,665
l’,873
9,103
39,500
activity during the past week in
a favorable combina¬
tion of circumstances.
In the first place, holders were anxious
to reduce stocks, and have accepted lower prices, quotations
being marked down £c. on Tuesday; then again, there was a
good supply of freight room offering, and gold and exchange
were firm and
foreign accounts steady. All these circumstances
favored an export movement.
Spinners, however, have con¬
tinued to operate sparingly and are apparently receiving large
quantities overland. To-day, at a slight* concession, there was
again a good business for export, with little doing for home con¬
sumption, quotations remaining nominally unchanged.
For future delivery, there was, as in the previous two weeks,
a
sharp decline on Tuesday, followed on Wednesday by a
strong effort at a reaction. No new influences were at work,
for receipts at the ports were
no smaller, and crop ad¬
vices were fairly favorable.
In fact, the fluctuations appeared
to be
merely speculative, the higher prices on Wednesday
seeming to have no other basis than the belief that prices had
gone so low as to favor an upward turn, and that, of course,
brought in free buyers to fill contracts. The " shorts ” being
covered the demand fell off, and yesterday was quite flat, prices
showing a very irregular decline,but generally l-16@3-32c. lower.
To-day, Liverpool accounts were dull, there was a rise of tem¬
perature in the South, and some increase in receipts at the ports,
under which the early months fell off l-32^1-16c., but the
autumn months showed rather more depression.
The sales after
’Change embraced May at 16 9-32c., June at 16 11-32@16 5-16c.,
July at 16£c., August at 16 ll-16@16£c., and September
16£c., nearly down to the lowest figures of the day.
The total saies for forward delivery for the week are 222,900
bales, including
free on board. For immediate delivery the
total sales foot up this week 14,029 bales, including 12,100 for ex¬
port, 1,723 for consumption, 206 for speculation and
in
transit. Of the above, 300 bales were to arrive.
The follow¬
on
48,046
exports for the week ending this evening reach a total
53,310 bales, of which 30,695 were to Great Britain, 11,267 to
France, and 5,348 to the rest of the Continent, while the stocks,
as made up
this evening, are now 465,804] bales. Below are the
exports and stocks for the week and also for the corresponding
New Orleans
Mobile
388,334
282,021
1557,310
194,767
12/293
79,601
315,342
There has been considerable
cotton
30,523
of
Week ending
G. Brit.
April 30.
....
1,525
The
week of last
454,431
43.757
159,233
173,933
116,525
3545,481 1542,871
466,784
323,083
559,197 2430,456
Underthe head of Charleston la included Port Royal, &c.; under the head of
Galveston is included Indianola,&c.; under the head of Norfolk is included City
Point, &c.
3,319,052
TotalainceSept.l...
15,260
63,022
82,791
....
22,199
Total this week
1,050
8,583
17,647
2.4%
139,129
23,882
17,697
83,003
49,801
176,509
•
7,591
3,986
1,0 M
2,(11
City Point, &c
15,9(0
4,037
8.3 .'9
i9
Norfolk
4,932
Stock.
153,000
827,116
115,706
253,305
391,542
191,284
287,639
Fair....
1373.
1874.
1875.
!
New Orleans
Mobile
Charleston
Port Boval, &c
Savannah., rf
Galveston
177,821
247.035
Total.
136,496
33,026
34,279
113,664
10,967
35,6*22
14,210
59,439
65,141
Total this year. 3296,833
Total last year.
244,449
194,939
8,150
38,075
33,429
495,631
72,530
180,951
47,437
Coast¬
wise
Ports.
Other
Britain. France. For’gn
1131,404
283,814
40 (,695
626,447
369,309
168,434
12.756
96,502
385,174
70,178
00002691827.43.8617582
..
1873.
1874.
...
Jan.1/75. time 1874;
SXPORTKD SINGS 8KPT.1 TO—
BK0KIPT8
SINGS 8SPT.1.
PORTS.
Bliows
Jan.
431
THE CHRONICLE.
May 1, 13750
400
200
700
16 5-82
16 3-16
16 7-32
16 9-32
bales.
4.300
7,000
6.400
cts. I bales.
16 11-32
5,400
2.300
16*
16 13-32
2,2'K)
56 7-16 1 1.100
16 15-32
8,809
600
16*
16 3-32
16*
6,400
16*
3.100 s.n
16 5 32
50J8.n.l8t..l6 5-32
16 5-32
16 3 16
For July.
6,000
2.800
500s.il
2,000
16 7-32
16*
16 9-32
16 9-32
16 5-16
54,100 total May.
8,300
16*
16 9-32
16 9-16
16 19-32
5.61*0
13,390
..16*
16 21-32
16 11-16
16 23-32
16 25-32
62,000 total July.
For August.
5,200
2,400
16 19*32
16*
16 21-32
16 11 16
16 23-32
16%
16 25-32
.......16 5-16
The folio win exchanges have
c. pd. to exch. 3 0 Jan. for Aug.
_6-32c. pd. to exch. 200 May for Aug.
5.200
.
For
200
1,700 total Nov,
September.
16 15-32
1,S00
16*
800
16 17-32
1,100
300
16 9-16
16 19-32
2,600
1,50).
2,709
'.6*
.16 ‘21-32
16 IMfl
600
16 23-32
2,900
16*
!6%
4,290
For June.
4,300
16 15-32
16*
16 17-32
400 s.n
7,700...,
16*
16 29-32
16 15-16
16 81-32
900
400
For November,
bales.
cts.
300
15*
800
15 15-16
500
16
200
16 1-32
300
16 1-16
100
.16 3-32
34.500 total Aug.
42.100 total .June.
1-32
1-16
1-16
3 32
16 27-32
16 17-32
2.900 total April.
For May.
800s. n....!6
.*>00 s.n ....16
16
16
200 s.n
cts.
16 13 16
For
100
200
December. '
2,900
300
700
1,200
500-.
15 29-32
15 15-16
16
16 1-32
16 1-16
16 3-32
16*
5,300 total Dec.
14.500 total Sept.
For October.
300....
600....
100....
16 5-32
100....
700....
100
...
...
.16 9-32
600....
2,500 total Oct.
)een
made
100
500
1,000
300.
300.
100
900.
100.
.16 5-82
16 3-16
3,300 total Jan.
during the week:
&
5-l6c. pd. to exch. 500 May for June.
13-32c. pd. to exch.200 May for July.
The following will show the closing prices each day, on the
bull of low middling uplands! for the several deliveries named i
i
CLASSIFICATION—LOW MIDDLING UPLANDS.
bat.
Mou.
'lues.
Wed.
Thurs.
OLD
Frl.
16*
16 3-16
16*
16 3-16
Spot
On
May
June
16*
16*
July
August
16 23-32
16*
l«fc'
16 29-32
NRW
On
spot
September
October
November
December
January
Sales spot
Sales future...
Gold
.;.
Exchange
16*
16 23-32
16*
lb*
16 5-'6
16 1-16
16 9-32
16 1-32
16 1-16
16 3-32
16*
16*
16 23-32
16*
16*
16 11-16
16*
...
16 3-32
16 7-32
3.7.5
1.235
30.400
86.900
115*
115*
4.4.85*
greater portion of
16*
16 3-18
16 15-32
lb*
16*
16 1-16
16*
16 5-16
16 17-32
16 21-52
16 11-16
16 13-16
16 9-32
16*
16 19-32
16 23-32
16 11-32
16 7- 6
Fvi.
16*
16 9-33
16 9-i6
16 11-16
16 5-16
CLASSIFICATION—MI on I.ING UPLANDS.
Weather Reports
by
2,363
40,200
115*
4 83
16*
16 9-16
16*
16 21-32
16
16 1-16
16 1-16
16*
16
16 5-32
1,548
£0.100
115*
4.8j*
16*
16 8-16
2,711
52,3)0
115*
4.ts5*
Telegraph.—The
16*
16 9-16
16*
15 15-16
18
16*
2.021
27.000
115*
4.f5*
16*
16*
now
desirable everywhere.
planting is also progressing favorably,
poorly, the unseasonable cold haviug
iinduced sickly growth, and indifferent stands, necessitating
.implanting beyond expectations Corn is doing pretty well every-wliere.
The thermometer- has averaged 67, the highest being 79,
'in the Southern half late
ibut the early planting
and 'the lowest 58.
no rain here this week, but the
have been warm and the nights cold. Crop accounts are
Jjndianola—There has been
col
some
districts.
The thermometer has averaged 61.
this point has failed to come
to-night.
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
The
(Friday,' April 30).
4."5*
Galveston.—We have had a sprinkle on one day of this week,
•with a rainfall of five hundredths ot an inch, and making the
•rainfall for the month-of April two inches and fifty-five hun¬
dredths. Planting is about finished now all over the State, the
Ifarmers in north Texas being only just through. In the northern
.and central portions of the State, cotton is now up and doing well;
da
in
this afternoon
weather over a
'dttiictiMBg,»but considerable ie-planting has been found necessary,
unfavorable weather.
tlie taoUtoe/lying out by reason of fhe cold
Plan tera «,r<e now through, but the crop is late. Thethermometer
has
*erag«d 42, the highest being 80, and the
lowest 49. The
The rainfall
Charleston.—Our telegram from
35 500
115*
16 3-32
1.630
and pleasant.
ward, and it is feared that the recent frost will make replanting
necessary
to hand
the South the past week lias been too cold, and
very
past week, the latter part being clear
has reached one inch and fifty-four hundredths, and for the
month of April four and seventy-one hundredths inches. The
weather has been lavorable, but planting has been very back¬
16*
15*
15 15-16
complaint conies from many sections, “ weather cold ; crop
backward.” Except to the sea islands in South Carolina we do
inot hear that any material harm has been done to cotton by frost
•in the Atlantic States, as the seed had not sprouted ; but the con¬
stant low temperature is making the start late.
In the Southern
"half of Texas much re-planting lias been found necessary. Warm
the
weather is
[May 1,1875,
VH£ CHRONICLE.
432
April 30, ’75.^
"
Feet.
Below high water mark,.
Above low-water mark..
Above low-water mark..
Above low-water mark
19
29
42
.
v-
Inch.
—
Feet.
4
4
11
1
’74.—,
Inch.
—
—
—
• —
reported below liigh-wuter mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-iOths of a foot above
:.871, or 16 feet above low-water mark at that point.
European
Supply and
Consumption.—A correspondent
writes from Mobile, referring to a communication on this subject,
which we published April 3, page 327, signed W. P., and asking
whether the conclusions there reached represent our views. In
February last (Feb. 27, page 198) we gave in detail a statement
showing, what were at that time our anticipations for the year,
and at present we see no reason for modifying the general result
of that article.
The supply for Europe, so far as America is con¬
cerned, may be less, but not much, for the reason that consumption
in the United States will not come up to our estimate; for other
descriptions, the probabilities point to about the figures we gave.
As to European consumption our estimate represented, as we
then stated, the maximum.
Hence we think, that even if the
supply of other descriptions ” as well as American, should be
somewhat less than then stated, the general result of that article
may still be accepted as safe, and for the benefit of onr triends we
repeat the figures :
Pounds.
Bales.
Now Orleans
Stock in European port*. Jan. 1, 1875
Stock held by spinners. J in. 1, 1875
Less clothing new machinery, five years
210,000
60,000
1,084,000
=
’
422,500,000
rainfall* for the aa/onth is two inches aud nine hundredths.
Corsic'&na, Texas.*—We have had showers on three days. The
250,000 =
97,509,000
L°aving available for consumption
crops, bo th corn and eotton, are progressing favorably.
Planting In
is abont c ompleted.
ports and hands of spinners, Jan. 1, 1875
1,334.000 = , 520,000,000
TW? rainfall this week was fifty-seven hun¬
Estimated import during 1875.
...
5,520,000 = 2,128,000,000
dredths ot ati inch, And fog the month has been two inches and
sixteen hundredths.
The ,thermometer has avertged 63, the
Estimated supply
6.851.0n0 = 2,648 000,090
Estimated maximum consumption
5,503,000 = 2,103,000.000
highest being 85, and the lowest 43.
New Orleans.—Rain fell ouune day the past week to the extent
Probable excess, Dec. 31, 1875, in port and held by
of two and twenty-five hundredths inches.
Rainfall for the month
spinners
1,351,000 = 518,000,000
of April ten and forty-four hundredths inches.
Average ther¬
Tne above total ponsumpti >n was given as the largest possible
mometer tor the week 67.
*
or maximum,
while the indications were then, and now more
Shreveport.—It has been showery on two nays, but the^rest of emphatically are, that that total will not be reached.
the week has been pleasant.
There was a fog Tuesday evening.
With regard to the American supply we have been silent of
The rainfall has reached -six hundredths of an inch, and the ther¬
ate, feeling, after our erroneous j udgraent in December, that we
mometer has averaged 76—the lowest being 45 and the highest
were hardly entitled to an opinion on this crop.
But we are now
•90.
The river is falling rapidly.
so near the end, that a word or two will be sufficient to indicate
Vicksburg.—lit lias been rainy on one day the past week, the the minimum which is likely to be sent to Europe. The crop
remainder being pleasant.
The rainfall forthe week has reached now visible may be roughly stated as follows :
1873-4. 1874-5.
*one hundredth of an inch, and thethermometer lias averaged 63.
3,576,307
Little Hock, Arkansas.—It has been clear and cloudy about Receipts at p^rts including this weejk*
3,32".000
99,500
95,000
Stock at our 11 interior ports to-night*...
<
equal portions ot the week. The rainfall has reached one and Overl nd direct for year
237,572
210,000
36n,098
Crops are Southern consumption for.year
seventy five hundredths inches, and it is now raining.
140,000 350,000 128,526
growing rapidly. The thermometer has averaged 60, the highest
4,041,905
3,765,000
■^Tliis we may call visible
being 80 and the lowest 46.
129,478
Nashville.—There were three rainy days the past week, the
4,171,383
Total crop
^rainfall reaching one inch and eiglity-one hundredths ; rainfall
•.for the month three and thirty-two hundredths inches. The
*
These totals are inserted before our telegraphic figures are made up,
.thermometer has ranged between 46 and 63, the average being 57. and may vary slightly from the actual totals.
Memphis.—It has rained two days the past week, a heavy rain
How much there may be in other interior stocks and on plan¬
■falling all of today; the rainfall has reached thirty-nine hun¬
tations we do not propose to determine ; it is sufficient for our
dredths of an inch.
Our
Planting is making good progress.
.correspondent telegraphs that over fifteen hundred horses and present purpose to take a low estimate, one which we think no
The one will consider too high, and call it 100,000 bales [against
mules were killed by gnats on farms the past week.
129,478 bales last year), bringing up the total crop to 3,865,000
Average thermometer was 58. the highest 67 and the lowest 48.
Mobile.—It was showery one dav, the rest of the week being bales. On the basis, then, of our year’s total reaching that
pleasant. Planting is about completed in this vicinity, and it is figure, it must be distributed as follow :
. bales..
108.152
thought that more land has been devoted to cotton this year than Stock on hand Sept. 1, 1874
..
:
3,865,000
~
last.; the crop is developing promisingly. Total rainfall for the Total crop as above
.’
3,973,152
week forty-seven hundredths of an inch.
Average thermometer Total supply
..
..
Consumption, North and South
•
1,140,000
and lowest 46.
Montgomery.—Rain fell on three days the past week, the rain¬
Leaving for year’s exports and stock at end of year
bales.. 2,833,152
fall reaching ninety-four hundredths of an inch ; the rest of the
It will be remembered that at the close of last year our spinners
week has been pleasant.
Planting is making good progress.
held 85,000 bales stock above the previuus year.
This they may
Average thermometer 63, highest 82 and lowest 45.
choose to eat into, and require of this crop therefore just so much
Selma.—There has been no rain the past week and the weather
iias been warm and favorable.
The-thermometer has reached 81, less. Furthermore, it is among the possibilities that stocks at the
ports should be reduced to the figure they were Sept. 1,1870, say,
and been down to 41, the average being 63.
Macon.—We have had two rainy days the past week, and the 60,000 bales ; and it is by no means certain that Northern mills
will consume the amount set down to them above.
In view, then,
weather has continued cool. The thermometer has averaged 59,
of all these possible contingencies, is it safe to assume that the
the highest being 80 and the lowest 36.
Atlanta.—The weather has been cold and dry the past week total which Europe may receive from this crop will be less than
2,750.000 bales, and, furthermore, is there not a reasonable chance
with showers on two days, and so unfavorable that much seec
of its being in excess of that figure?
Of course, if through the
planted has failed to come up. The rainfall lias reached forty-six
summer, our growing crop should give an unfavorable promise,__
•hundredths of an inch, and the thermometer has averaged 61.
the takings of spinners would probably be increased beyond their
Columbus.—Rain fell on one day the past week, the rainfal
actual wants.
Teaching fifty-two hundredths of an inch, and for the month five
In the above it will be noticed that, we have given the overland
•inches and forty-four hundredths. ^The thermometer has aver¬
and Southern consumption at 350,000 Hales, same as we stated
aged 66, the highest bung 80, and the lowest 42.
Savannah.—We have had one rainy day the past week, the rest last week ; this leaves tor overland 27,572 bales less than last year.
All spinners believe that is decidedly an understatement. Still,
"being pleasant, the rainfall reaching forty-one hundredths of aD in the absence of
positive information, we prefer to adopt a con¬
4ih.
Avenge thermometer, 62; highest 77, and lowest 4 8
servative figure.
Avgusta.—It rained heavily on one day the early part of the
<63, highest 76
May 1,1876.)
THE CHRONICLE
483
These figures indicate a decrease in the cotton in
sight to¬
night, of 45,806 bales as compared with the same date of 1874,
to-day, there have been 40,000 ba'es shipped from Bombay to
Qreat Britain the past week and 3,000 bales to the Continent, and a decrease of 35,237*bales as compared with the correspond¬
while the receipts at Bombay daring the same time have been ing date of 1873.
59.000 bales. The movement since the 1st of January is as
Movements of Cotton at the Interior
foilows. These are the figures of W. Nicol & Co., of Bombay, give the movements of cotton at the interior Ports.—Below we
ports—receipts and
and are brought down to Thursday, April 29:
shipments for the week, and stock to-night, and for the corres¬
Shipments this week—, /—Shipments si nee Jan. 1—* ,
Receipts—*
ponding week of 1874:
ConConGreat
Great
This
Since
Bombay Shipments.—According to oar cable
dispatch received
,
Britain,
tinent.
Total.
Britain,
40,000
66,000
66.000
8,000
28,000
10.000
48,000
89,000
76,000
412,000 271,000
411,'<00 219,0u0
386,000 115.000
1875
1874
1878
....
tinent.
Total.
week.
638,000
610,000
501,000
50.000
62,000
85.000
Jan. 1.
810,000
811,000
691,000
/—Week
foregoing it would
that compared with last
appear
Augusta
1,031
Columbus
273
Macon
f rom tne
141
there is a decrease of 46,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement Montgomery.,..
since January 1 shows an increase in shipments of 53,000 bales Selma
Memphis
compared with the corresponding period of 1874.
Nashville
Gunny Bags, Bagging, &c.—Bagging has continued quiet dur¬
ing the past week, and but few sales have been made. Holders re¬
Total, old
main firm in their views, and the market closes strong at 13c.,cash,
lor spot lots, and 13$®l4c. for delivery July and August.
Bales,
India, have sold fairly, and some lots, in all several hundred Shreveport
Atlanta
bales, have been disposed of at 9$c., currency, cash, and this price
St. Louis
is offered for more, with most holders asking 9£@10c. A sale was
Cincinnati
reported of 300 bales at 4£c., currency, in bond. Borneo is
nominal with 13c. cash asked. Bag6 quiet but steady at 12£
Total, new
@12Jc. For butts the market rules strong, stocks in store are
light and in few bands, wiih small arrivals expected for several
Total, all
weeks, and most of these sold to consumers.
year
linles.
Stock in New York and Boston, April 1
Received in April
25.277
5,827
Total..
31,104
Stocks in New York and Boston, April 30
21.500
Shipment and consumption during the month
9,604
The total pales during the month were about 21,000 bales, of
which 11,000 wer« to arrive, at 2@2£c., gold, bond, cash and time;
7-16c., gold, thirty days; and 2£c., currency, time. Spot lots
from 2 ll-16(?2fc., cash and time, market clo.-ing strong at
2ft®2 13 16c., currency, on spot; 2fcc., gold, bond, and 2|c., cur¬
rency, to arrive.
range
Visible Supply
of
Cotton as Made
up by
Cable
and
ending April SO, ’75—, /—Week ending May 1/74.—*
Receipts. Shipments. Stock.
871
9,210
14,719
1,033
1,059
191
669
6,155
306
5,114
729
4,597
164
373
4,598
461
2.826
106
802
1,654
709
85
810
2,807
8,560
5,249
29,338
2,515
3,209
36,995
251
596
574
11,762
8,665
Receipts. Shipments. Stock.
251
..
373
1,220
424
3,713
66,245
4,831
683
1,931
861
1570
10
1,265
1,712
591
115
338
425
1,697
830
2,333
13,529
1,602
578
863
12,325
3,180
1,173
3,462
9,932
12,045
2,206
5,137
23,831
5,711
5,420
36,934
5,919
..
8,461
13,598
95,076
10,512
11,890
1C 1.469
during the week 4,748 bales, and
1874.
1873.
Stock at Liverpool
804.000
Stock at London
The
exports ol cotton this week from New York show an
increase, as compared with last week, the total reaching 11,747
bales, Against 4,566 bales last week. Below we give our usual
table showing tbe exports of cotton from New York, and their
direction for each of the last four weeks; also the total ex¬
ports and direction since Sept. 1,1874; and in the last column
the total for the same period of the previous year.
Exports of Ootton(bales) rrem New York since Sept. 1, 1874
April
Stock at other continental ports
....
Total European stocks
India cotton adoat for Europe
..
...
...
E?ypt, Brazils, Ac., afloat for Europe.
Stock in Ualted States ports
...
Stockm United States interior ports.
United States exports to-day
315,250
1,311,750
8,414
4,003
10,5S6
257,651
869,146
4,932
6,982
1,701
100
154,000
76,000
26,000
Total to N.
453,750
545,0C0
1,414,250
470.000
548.000
406.000
73,000
465.864
72,000
4J 6,183
419,438
75,235
12,000
80,658
9,000
Total
Spain, Ac
...
bales.
66,245
8,000
’2,890,665
descriptions
4 23.CO >
2,880.096
are
as
fol¬
2,647
60
2,672
299,886
407,277
....
11.747
4.566
3.964
6,692
440,000
247,000
548,000
416,180
75,285
12,000
25
406,000
419,438
80,058
9,000
1,673,109
1,733,415
This
New Orleans..
Texas
Savannah
Mobile
Florida
3’th Carolina
S’th Carolina.
379,000
103,500
364,000
166,250
India afloat for Europe
450,000
73,000
72,000
1,171,750
1,673,109
1,152,250
1,733,415
bales. 2,844,859
2,890,665
831
46.518
505
100,015
1,270
This
week.
102,390
1,185
13
5.832
1.681
111,193
1,852
1,562
1,927
144.539,
2,305
127,9841
8.860
12,92?)
22,257
177
15.243
709,139J
830.022'
81nce
This
Sept.1.
week.
5,575
.
| Since
Sept. 1
m
•
•
•
4.184
31
.
67,051
1,472 62,523
400 33,505
-
•
•
•
•
41
2.262
•
•
•
•
224
T
-
.
.
5,082
.
.
.
....
.
319
*
•
....
•
.
.
11,808
18,805
58,476
-
....
.
14,805
859
191
451
13,980
.
.
•
.
...
896
29,600
137
1,002j
.
eoo
13,549
l.ois
This
week.
29.518
10,652
37,558
3,06«
*
Since
Septl.
55,964
402
86
night of this week.
New York—To Liverpool,
.
.
-
.
7,187
•
•
•
12,439 276,791
950
58,421
2,121 109,581
4,162 278.621
509
84.485
960 100 617
Total bales.
City of Montreal,. 1,268 ...
Repub i\ 755 ..Egyp»\ 2,521...Bothnia, 459....Mennon, 1.175
per ships Cashmere, 1,593 ..Beeraih, 1,019
Natur list. 1,774... 10,666
per steamers
.
1,410,000
To Bremen, per steamer YVe*er, 381
To Hamburg. De>* steamer Schiller. 809
New Or bans—To Liverp ol. per steamer Oberon,
B. Fulle\ 4.220. ..Ariel, 2,063....Kent, 4,309
1,470,096
2,880,096
9®9tfd
Sept. 1.
Shipping News.—The exports of cotton from the United States
the past week, as per latest mail returns, have reached 50,760
bales. So far as the Southern ports are concerned, these are the
sameexnorts reported by telegraph,and published in TheChrohicle last Friday, except Galveston,and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifests of all vessels cleared up to Wednesday
399,000
.171,000
332,000
423,00)
85,000
156,500
206,750
353,000
Since
week.
Total last year.
1,470,096
London etock
Continental stocks
BALTIMORE.
from-
Total this year
342,000
213,000
PHILADKLP’lA
BOSTON.
NEW YORK.
bbob’ts
Tennessee, Ac
Foreign
Indian, Brazil, dkc.—
7 15-16d.
26,826
Thb following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the last week, and since Sept. 1 .’74:
North’rn Ports
465,861
....
....
....
Grand Total
Virginia
470,000
36,748
1,181
Spain,OportoA Gibraltar Ac
All others
85,000
514,000
149,000
491
550
4,048
8,288
1.457,000
lows :
stock
100
19,545
17,204
2,452
*300
Europe.
8,688
10
5U
Hamburg
4,982
17 087
381
800
491
250
Other ports
83,000
.
353.000
...
6,245
Total to Gt. Britain
Bremen and Hanover
450.000
Total visible supply. .
2,844,859
Of the above, the totals or American and other
Uplands, Liverpool
869,146
912,000
68,245
8,000
...
American cotton afloat for Europe.
Total visible supply
frke Middling
257,651
960,500
42,000
Total continental stocks
Total East India, Ac
Total American
10,566
72
27.000
*W> Brazil, Ac., afloat
4.008
347
18,250
Antwerp
stock
8,414
year.
Other British Ports
total French
Stockat
Liverpool
date.
171,000
8tockat Rotterdam
71,250
Stock at Amsterdam
Total American
A8L"
*741,000
71,000
33,000
55,000
Liverpool
21.
6,245
Liverpool
April
14.
72
77,000
24,250
35,500
78,750
30,500
at Barcelona
8tocxat H iraburg
Stockat Bremen
to
April
847
15.00C
period
prev’us
7.
Havre
Other French ports
11,750
Continental stocks
American adoat to Europe
United States stock
United States interior stocks
United States exports co-day
Total
135,750
996,500
....
Same
WEEK ENDING
EXPORTED TO
156,500
Stock at Havre
Stock at Marseilles
Stock
to-night 8,990 bales less
have been 1,118
are
than at the same period last year. The receipts
bales less than the same week last year.
Tele¬
we give our table of visible
supply, as made up
by cable and telegraph to night. The continental stocks Are the
fiirares of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week’s returns, and
consequently
brought down to Thursday evening; hence to make the totals the
complete figures for to night (April 31). we add the item of
exports from the United States, including in it the exports of
Friday only.
Total Great Britain stock
75,285
The above totals show that the old interior stocks have decreased
graph.—Below
1875.
6,470
,
per bark Theresa, 1,925
To Havre, per ship D. W.
Chapman, 8,090
351
3,000....per ships R.
..
Adept, 3,060
$00
18.582
3,090
434
To
[Way 1, 1878.
600
Malaga, per bark Imperator, 600
Savannah—To
Liverpool, per barks Northern Chief, 2,575 Upland
Hawthorne, 2,4'J,6 Upland
»:
To Reval. per bark Bremen. 2.487 Upland
Texas—To Liverpool, per bark Edward McDowell. 2,918
PafUADELPHiA—To Liverpool per steamer Ohio, 250
300
7,440
Egyptian
5,011
2,487
2,918
250
tion. Total.
27,180
2,630
1.260
5,380
(
10
1
880
1.470
19,600
34,580
816,710
8myrna & Greek 1
80
4,810
.
Q1n
180
Total
54,580
New York
New Orleans
Mobile.
Charleston
Savannah
Teias
10,566
18,582
2,222
3,853
5.011
7,990
burg.
val. Malaga. Tota'.
381
800
600
....
....
2,487
American
Brazilian
11,747
22,272
2,222
3,853
—
....
43,402
3,090
331
....
2,487
800
600
.
5,250
...
Tota!
,
Total.
This
Same
date
1874.
1874.
day.
1874.
827,465
146,181
494,040
297,124
126,451
1,311
15,764
102,999
Dec. 31.
1874.
510,‘tdO 442.320
1,949,030
144,011
125,943
1,483
16,829
206,614
3,101
6,610
6,896
1,800 1,470
27,170 f
283,800 12,180 11,550
To this
date
902,787
230
401
W. Indian
East Indian... 18,384
250
....
9,323
Egyptian
Smyrna & Gr’k
7,498
2,918
250
Total
▼esSels
men.
109,270 10,720
23,480
6,090
1,890|
8,380 61,080 1,342,460 1,175,520 68.790 63,570
Imports.Stocks.-
To this
date
1875.
This
week.
Re¬
2,918
,
Philadelphia
Below
Ham
....
3,090
4,110
year.
,
Bre-
pool. Havre.
80
6,440
West Indian.... ) 1 U
East Indian
11,730
Averig*
period weekly sales.
1874.
1875/ 1874.
660,410 38,000 88,050
712,770
179,490
98,030
usual form
our
this
Trade. port
American., bales. 29,710 1,590
Brazilian
700
7,120
follows:
Liver¬
.
3,853
Same
Total
;
50,760
Thdparticulars of those shipments, arranged in
ALL DESCRIPTIONS.
Sales this week.
Ex- Specula-
...
Total
are as
SALfcS, *TO.% OP
2,222
Mobil*—To Liverpool, per skip Missouri, 3,922
Charleston- To Liverpool, per barks Olaf GiasM,763 Upland and 163
Sea Island
Celeste, 1,179 Uplandjand 128 Sea Island
61,290
107,610
1,640
2,638
97,788
113,410
1,730)
12,240 \
818,053
8,110
134,590
873,640
799,940
23,480
230,270
126.900
3,658,673
36,689 1,322,345 1,295,493
274,780
82,520
73,660
103,340
T"
'■
684,710
50,760
BREADSTUPPS.
give all news received to date of disasters, &c., to
carrying cotton from United States ports :
we
Friday, P. M., April 30. 1875.
Colonial Empire,
ship (Br). Capt. John Leslie, master of ship Colonial Em¬
pire, from New Orleans for Reval, at Elsinore, April llth, which was
reported leaking badly in upper works, and as needing to be caulked
above the water line, reports that such is not the case, only stanchions
and a few butts being required by surveyors to be caulked, chip being
staunch and strong otherwise.
General Suepley, ship Hutchins, from Savannah for Reval, which anchored
in the Downs April 8, was compelled to slip from anchor and 90 fathoms
of chain, she having got foul of telegraph wires.
Her losses were
replacod from Deal.
Guardian, ship from Savannah for Cronsta It, before reported, stranded off
Scaw April 12, but got off same day without a*si-tance and proceeded.
Hagakstown, ship (new. 1905 ton*, of Richmond, Me), Call, laying at the foot
of St. Mary’s street. New Orleans, with 5768 bales of cotton on board,
bound to Havre, wa-stru k by lightening, at 3.30 a. ji„ April 21.
The
bolt struck the bow mooring chains, and entered through the hawse hole,
setting lire to the cotton stowed in the bow, which was not extinguished
until a. m. of the 22d, after the vess 1 had been nearly filled with water,
and cargo damaged to the extent of $109,000.
The cargo \yas nearly all
discharged the same day. The vessel would be raised and repaired.
There was $15,000 insured on her freight money. The cotton, except 61
bales, (which is insured in Swiss Lloyds of New Orleans), is insured in
Europe.
Marcta Gkebnleaf, ship Bunker, from Savannah for Reval, put into Portland,
E, April 25, with pumps choked.
Uncle Job, ship Chase, from Norfolk, Va.t for Liverpool, which put into Fayal
with bulwarks stove, mi/zen mast sprung, &c., repaired and resumed her
voyage prior to April 16.
The flour market has been
little
irregular and without much
yesterday, when the demand became active, and
prices showed a strong upward tendency. The speculation at the
West, based on the reports of damage to the crop of Winter
wheat and the badjseason for the Spring wheat, begins to be felt
in this market.
Much of the stock has been withdrawn, or
marked to prices far above views of buyers.
The most decided
advance has been in the better grades from Winter wheat, and
these have drawn patent Minnesota up after them.
Extreme low
grades have become scarce. To-day, there were sales of common
shipping extras at $5 10@5 25, but the market generally closed
a
business until
tame.
The wheat market
opened the week quite depressed, under dull
but being sparingly offered, and the mill,
ing demand proving quite brisk, with some speculative action,
the early decline in Spring wheat was yesterday recovered,and
some further advance established for Winter wheat, with free
sales at $1 22@$1 23 for No. 2 Milwaukee and Minnesota Spring,
Cotton freights the past week have been as follows :
afloat and to arrive, $1 30 for ^choice No. 1 Spring to arrive, and
-Havre.
Bremen.—
•Liverpool.
-Hamburg. $1 40 for amber Winter, in store. To-day, the market was
Steam,
Sail,
Steam. Sail,
Steam. Sail,
Steam. Sail
d.
d.
c.
c.
c.
c.
c.
c
quiet, at about steady prices, the business mainly for arrival.
X
...MX
Saturday
7-VMX
.MX *£comp. .MX
Indian corn declined early in the week to 90@9lc. for prime
X
7-UUX
MX %comp. .MX
Monday.... ...MX
7-32@
•
X
Tuesday... ...MX
.MX %coinp. .MX
new mixed in store aud afloat, under free receipts at the Western
7-32@tf
X
Wednesday
MX ^comp. .MX
markets ; but with better foreign advices the decline was yester¬
Thursday..
#®5-16 ....@9-32
X
-MX %comp. .MX
>4'@5-16 ....@9-32
Friday.
x
MX %comp. .MX
day recovered, with sales to the extent of a quarter million
Market stronger.
bushels at 92£@93c. for old mixed in store aud prime new mixed
Liverpool, April 30.—3.30 P. M.—By Cable from Liver¬
pool.—The market has ruled quiet to-day.
Sales of the day afloat, 92c. for new mixed to arrive, and 91^c. in store, with
were
10,000 bales, of which 2,000 bales were for export and Western Yellow at 93@93.$c. afloat. To-day mixed was lc.lower,
speculation. Of to-day’s sales 6,000 bales were American. The and dull at 92@924c.
weekly movement is given as follows :
Rye at some decline has been more active at 97c. for Canada in
April 9.
April 16.
Ap: il 23.
April'30. bond, and $1 03(5)1 04
for State free. Barley has been closed out for
bales. 117,000
Sales of the week
57,000
61,000
58,000
Forwarded
16,000
10,000
6.000
8,000
the season at $1 35 for Danubian, and $1 52^ for Canada West,
of which exporters took,...
8.030
5,000
5,000
of which speculators took..
23,000
Canada Peas have
8,000
9,000
6,000 and No. 2 Milwaukee sold to-day at $1*45.
Total stock.
888.000
871,000
893,000
sold at $1 22 to arrive in bond. Oats have been active and firmer
of which American
533,000
510,000
517,000
512,000
Total import of the week
89,000
37,000
73.000
67,000 at 73£@75£c. for prime mixed in store and afloat, with choice white
of which American
9.000
34,000
25,000
at 78c, but latterly the market has not shown much spirit, and
Actual export
6,000
11,000
9,000
9,000
444.000
Amount afloat
437,000
413,000
469,000
)rime mixed has sold for early arrival at 75c. To-day, two loads
of which American
202 000
206,000
203,000
220,000
of No. 2 Chicago sold at 74c. in store, and Ohio mixed at 75^
The following table will show the daily closing prices of cotton for the week:
75-^c. afloat, closing flatv
Satur.
Mon.
Tues.
Wedifes.
Thnrs.
Fri.
7 15-16
7 15-16
7 15-16
The following are the closing quotations :
7 15-16
7 15-16
Mid’g Uplands 7 15-16
accounts from abroad ;
..
■
--
....
-
-
..
■
..
...
...
...
.
..
.
...
.
do
Orleans.
...mx
...®8X
European Cotton
..msx
...mx
Markets.—In reference
..mx
...mx
these markets
to
correspondent in Londou, writing under the date of April
17, 1875, states:
our
Flour.
3uperfineStateand West¬
4 70& 5
ern
-Fair &
-Ord.&Mid8ea Island.
16
15
Ord.
7
Mobile... 7
7
Texas
Upland..
...
N.Orl’us
Since
-Good &
g’d fair-
IS
16
19
17
20
18
Fine,—.
23
36
20
23
LOrd. L.Mid.
V4
7*
7X
7>«
-Same date 1874—
Mid. Fair. Good.
18
21
26
16
18
20
Mid.
G .Mid. Mid.F. Mid.
8
8 7-16
7X
sx
8*
7 13-16 8 1-16
8 5-16 8 7-16
8X
7 13-16 8 1-16
8 5-16 6/8
7 15-16 8 3-16
9
8*
8X
the commencement of
the
speculation and for export have been
year
G.Mid.
8X
8X
American
113,079
Brazilian....
3.060
Egyptian, &c.
6,430
W. India, &c. 1,310
E. India &c. 44,230
Total.
173,100
on
spec, to this date1874.
1873.
hales.
hales.
37.220
58,590
1.450
4,060
8%
1874.
hales,
22,235
40,337
6,256
2,106
105,130
39,980
4.4 i G
87,410
25,000
501,000
140,525
683,580
5,072
976
5,582
69,765
The
IJ.K. in
1874.
balep.
103,630
12 470
following statement shows the sales and imports of cotton
and also the stocks on hand, on Thundiy
evening last •
5 10@ 5
Wheat
extras
do XX and XXX
do winter wheat Xand
XX
City shipping extras.
City
...
5 05@ 5
5 50@ «
5 65@ 8
5 20® 5 65
14® 118
20® 1 ?5
26® 190
82® 135
38® 141
37® 145
91® 93
92
Southern, yellow
Rye
trade and family
brands
Southern bakers’and fa-
6 25@ 7 75
Oats—Black
Mixed
White
8 00 1
I
73.
mily brands
7 00@ a
!
KKGK
Southernshipp’gextras.. K 75@ 6 50 |
5
•
Canada
7
IIJIO flour, superfine
Rye UV/U*. DUUVIUMV.. ••• 5 10® 5 40 |. Canada West i\
1
J
1 —... If
Cornmeal—Western, <fec. 4 19@ 4 40 , State
4
1 20® 1
Corn meal—Br’wine. &c. 4 70@ 4 80 I Peas—Canada
The movement in breadstuffs at this market has been ai fol'
lows :
r-.n
Actual
1875.
bales.
520
tor the week and year,
;
outports to date-
4,100
66,850
on
Spring
Barley—Wester^
EXPORTS PROM NSW
■RECEIPTS AT NEW YORK.-
Liv., Hull & other exp’tfrom
660
22,930
91,780
9X
:
5,540
21.560
8X
8X
the transactions
r-Actnal exp. from
-Taken
1875.
hales.
M.F.
&c
Extra State,
Western
Liverpool, April 15.—The following are the prices of
middling qualities of cotton, compared with those of last year:
Grain.
Wheat^-No.S spring,bush.$1
No. 2spring
1
No. 1 spring
00
1
Red Western
1
25
Amber do..
1
White
1
40
25 Corn-Western mixed
White Western.
Yellow Western
00
$ bbl. $4 20@ 4 50
No. 2
-1875.
For the
Since
week.
Jan. 1.
67.823
9? 9,771
Flour, bbls.
C. meal, “
1,791
Wheat, bus. 323,080
Corn,
“ . 308,662
.
Rye,
“
♦Barley “
Oats ...”
.
.
.
59,803
Since
Jan.
1, 1874.
1,312.360
83,668
3,061,283
5,998,470
8.926,887
375
11.975
235,966
24-658
103.625
792,255
2.549,539
1875.
31,603
4.979
5,969,938
602,455
50.916
336,232 5,255,165
246,194 3,869,435
8.094
47,415
YORK1874.-
.
For the
Since
week.
Jan.1_
469.031
1,895,807
,
8i®£*
For the
week. -
733,197
62,209
57,476
3,513
641,187 8.638,089
4,744,681
815,207
13,215
342,75*
1,270
4M53
110
’ioo
37,928
In “Receipts at New York’’ includes also malt.
The following tables show the Qrain in sight
tnent of Brda&fltuffs to the latest mall dates:
1
,
♦
m
’
t
•
and the move*
May 1, 1875.]
m
BBCBIPTS at lake and river ports por the week ending
APRIL 24, AND PROM AUG. 1 TO APRIL 24.
Plour. Wheat
bblfl.
bush.
<196 lbs.) <60 lbs )
...
~31,137
256,246
Milwaukee
29,501
252,098
Cleveland
9,962
*2.893
Chicago
1.267
Toledo......*.
Detroit
82,202
Louis
Peoria.
Duluth
gt.
1,500
Corn.
bush.
bush.
(821b».) (481bs.) (56 lbs.)
5,540
190,877
33,702
6,284
22,630
9,275
100
55,483
6,200
30,450
bneb.
(66 lbs.)
677,715
29,890
218,235
15,615
87,409
53,216
14,100
108,500
10,780
1,750
Barley, s Rye,
Oats.
bash.
3,250
24,650
400
235.778
148,644
22,746
876
86,390
46,200
850
1,630
Total,.
518,934
73.173
14,480
Previous
394,066
658,497
456,348
281,906
367.408
264.916
37:367
40.117
30,480
1,256
13,618
21,259
11,419
15,584
49 567
49,2 0
2.643
-6,553
784,099 1,276,873
108,462
528.657
576,988
week
99.818
Corresp’ng“week,’74. 124,872 1,094,186 1,450,490
*78.
’72.
119.606
-93.891
*71
’70.
“
112,271
98,941
“
"
314,872
308.283
696.284
507,109
854,747
1,815,108
1,310,097
636,701
Total Aug. 1 to date... 3.871.592. 45,840,158 31.554,388 16,667,452 5,533,900 1.052,202
Same time 1873-74. ..4,68t,783 62,063*978 39,237,547 19,082.352 6.800,958 1,561,465
g*me time
Same time
*
1872-73....4,134.283 37,986,956 42,269,489 18.176,653 8,S28,825 1.502,153
1871-72.,..3,933,881 33,069,055 41,704,876 19,608,717 6,032,734 2,409,374
Estimated.
Shipments of Flour and Grain from the ports of Chicago
Milwaukee, Toledo, Detroit, Cleveland,
St Louis, Peoria and
Duluth, for the week ending April 24, 1875, and from Jan. 1 to
April 24:
Flour,
Wheat,
Corn,
Oats,
Barley,
bbl6.
bash.
327,948
bush.
busb.
bush.
Weekending—
April 24, 1875
April 17, 1875....
Corresp’ng week 1874
Corresp’ng week 1873
Oorresp’ng week 1872
Corresp’ng week 1871
106.600
103,601
116,049
103,914
78,406
117,132
Total Jan. to date.... 1,366.508
Same time 1873
Same time 1872
1,721,069.
1,087,758
754,178
881.6^8
373,568
,857.898
435,126
1,255,537
810,982
959,681
877,253
236,420
,076,204
,847.700
1,579,594
1,944,978
,313,725
146,124
180,746
358,297
Rye.
bush
11,390
4,500
17,575
40,786
39,037
49.052
293,373
231,908
62,904
42,548
20,657
2,758,157
737.657
235.191
4,314
13,877
56,451
3.187.408 1.073,187
212,464
205,*50
8,210,684 1,279,530
8,227,066, 2,369,770 772,110
273,174
6,380,728
5,441,331
124,951
5.733,459
BECRIPTS OP FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
WEEK ENDING APRIL
Flour,
AtNew York
Boston
Portland
bbls.
24, 1875, AND PROM JAN. 1 TO APRIL 24.
Wheat,
Corn,
Oats,
Baney,
bush.
bush.
bnsh.
bush.
233,960
Montreal
.
Philadelphia
..
Baltimore
New Orleans
21,650
19,430
62,550
48.884
14
5,600
6 400
400
44,166
11,000
2,800
121.700
215,700
316,600
47.900
4,500
143,676
.
Total
Previous week....
Cor. week ’74
32,887
111,821
....
201,140
•
..
#
*
*
800
14,000
50.828
....
....
1,300
19,902
1,900
63,209
14,035
16,475
274,436
55,920
658,118 386,566
32,500
917,495
926,839 55,642
230,244
880,167
273,679
1,040.596
755,851 1,385,497
347,871
6,161,750 16,618,807 4,575,506
....
^
-
.....
518.060
202,675
Total Jan. 1 to date.2,598,673
same time 1874
..3,420,581 12,042.765 13,497.308
Same time 1873
..2,547,972 2.691,943 8.465.573
8ame time 1872
1,176,965 13,719,599
^
:
605,484
..
Rye,
bush.
500
15,388
46,248
23,500
38,199
.
181,662
3,609,569
5,958.685
4,280,020
The Visible
Supply of Grain, including the stocks m
the principal points of accumulation at lake and
setboard ports, and in transit by rail, April 24, 1875 :
granary at
Wheat
bush.
In store at New York
Instore at Albany
In store at Buffalo
Iu store at Chicago
In store at Milwaukee
In store at Duluth
Ins store at Toledo
Instore at Detroit
In store at Oswego*
In store at Boston
In store at St. Louis
In store at Peoria
In store at Toronto
In store at Montreal
In store at Phil adelphia*
In store at Baltimore*
Late shipments
Rail shipments
Afloat in New York
Total
April 17, 1875
April 25, 1874
*
Corn,
Oats,
Barley,
Rye,
bush.
bush.
bush.
1,028,476
290,(XK)
434,400
1,708,626
4,493,703
1,704,134
3,077,487
60,217
597,346
70,000
4,733
612,362
bush.
36.190
29.890
63 579
634,675
328,624
75,000
9,566
204,119
36,037
544,310
935,500
40,856
72731
20,000
250,764
389,886
129,929
4,100
21,952
100,000
442,909
157,634
202,794
140.000
104,091
1,903
326.545
60,000
10,682,016
10,399,653
.10,406,826
24,803
61,277
68,579
5.692
39,039
396,514
65,000
7,987,574
7,096,212
7,349,808
only limited demand for the jobbing trade to supply the
running wants of the local and interior retailers, bat that
demand has extended in only a very moderate degree to first handsJobbers generally still bold fair assortments and are not disposed
to purchase a single package beyond their requirements until the
prospects of a late trade from retailers are more encouraging
than at present. The low grades of goods are especially quiet,
and as the supply of this class of stock is largely in excess of
the t rade requirements, prices are not well sustained, though
agents do not as yet offer any reductions. Colored cottons are quiet*
though their sale, as compared with other fabrics, has been fair
in the agrregate amount.
There is a moderate call for cottonades for cutting, and the market is steady with medium and light
weights well sold up.
Printing cloths are very firm, with offerings of spot goods
light and 6c. asked for the small stocks of extras av&ilaBle.
There has been a fair call for the best marks and styles of prints,
and all of the leading brands are well sold up. Prices show some
irregularities in second hands, and there has been some slight
shading of values with agents, but for the most part- they
continue to hold at former figures. A limited business is reported
in cambrics and percales at old rates.
Domestic Woollen Goods.—There has been no improvement
in the call for light weight goods, and the market remains quiet
with quotations entirely nominal, except on the most favorably
known makes of fine grades of cassimeres, which are pretty well
sold up, aud are held at about previous rates. Some transactions
are reported in heavy weight goods, a more liberal demand from
clothiers having been stimulated by the heavy auction Bales of
goods partly damaged by the late fire in Worth street, and which
attracted a large attendance of buyers. Overcoatings are firm,
with some inquiry for Ulsters, Chinchillas, and similar styles of
goods.
Worsted dress goods have sold to a fair extent and are very
firmly held in the best-known brands, while less popular grades
are dull and easy.
There is some trade doing in shawls at steady
rates, except for the lower grades, which rule very dull and are
irregular in price.
Foreign Goods.—The demand for foreign fabrics is not very
active and the sales are mostly at auction. Jobbers are distribut¬
ing moderate amounts but their purchases are mainly of small
lots, as their stocks are pretty liberal and only small additions are
necessary to keep up assortments. In silks the activity is mainly
in ribbons with some demand for dress goods at full rates.
Linens
and white goods sell steadily in small lines.
The importations of dry goods at this port for the week ending
April 29, 1875, and the correspdnding weeks of 1874 and 1873
3,427
•
1,023*489
24,633
49,000
been in
current
•
•
•
♦
•
as
follows
:
ENTERED FOR CONSUMPTION FOB THE WEEK ENDING APRIL
«
•
•
have been
■
•
i04*ui-i
5,548
66,022
1,000
155,320
77,897
12,501
37,711
4,423
6.388
884
2.970
10,312
2,149
1,868
100
5,005
28,000
2,000
2,500
33,223
18,000
♦ •
-
•
•
144,838
30,000
40,791
2,054,948
2,078,494
2,408,560
257,690
....
659
Manufactures of wool...
do
cotton. .1,055
silk....
do
878
do
flax....
.
.
Miscellaneous
.
•
•
<
Pkgs.
11,390
dry goods. 465
1873——%
Value.
,
Pksrs
1,310
754
888
556
*264,751
393,989
WITHDRAWN FROM WAREHOUSE AND THROWN INTO
Pkgs.
633
*
->
Value.
$256,359
1,038
299.827
532,649
199,439
769
9<5
479,646
142,096
1,453
4,159 $1,532,924
3,441 $1,230,165
Total
1875
1874
Value.
651
$266,547
333,312
275,869
224,583
129,854
29, 1875.
195,168
145,656
4,838 $1,376,956
THE MARKET DURING Tfl»
SAME PERIOD.
....
400.818
120,000
65,674
463,900
228,786
Estimated.
Manufactures of wool....
608
638
237
508
200,605
227,000
121.418
dry goods. 2.322
38,076
cotton..
silk
flax
'
632
554
14S
660
56,780
THE DftY GOODS TRADE.
4^313
$838,952
6,531
$784,465
1,230,165
4,559
1,532,924
Total thrown upon
Friday, P. M., April 30, 1876.
m’k’t. 7,754 $2,069,117
ENTERED FOR WAREHOUSING
The market has lacked activity during
$141,927
127
490
113,003
2,622
32,753
166.895
134,330
140,806
Addent’dforconsnmpt’n 3,441
Total
337
222
$285,594
4,537
$251,853
do
do
do
Miscellaneous
10,690 $2,317,389
3,798
4,838
65,271
98 309
$451,26*
1,376,956
8,636 $1,828,219
DURING SAME PERIOD
the past week both with Manufactures of wool.... 860 $161,203
367
204
$162,674
$188,350
200
197
64,620
71,601
76,626
cotton.. 225
do
jobbers. There has been an irregular call for goods
68
91
80.132
70,906
109
101,188
do
•
silk
in jobbing lots, and some of the larger houses have succeeded in
473
381
72,362
113,598
369
101,766
do
flax
159
45,654
30,117 / 595
50,470
working off considerable amounts during the week ; but the low Miscellaneous dry goods. 314
prices which they have offered in many cases have evidently not
1,703 $457,452
$491,263
1,377
1,032 $342,562
Total
3.441
4,838 1,376,956
4,159
1,532,924
1,230,165
left much of a margin for profit. It is rather early, in view of
the backwardness of
spring, for the " cutting under ” to begin, Total entered at the port. 4,818 $1,721,423 5,191 $1,875,486 7,541
hut the dulness is already having its effect in inducing jobbers
We annex a few particulars of leading articles of domestic
to lower rates for the
purpose of stimulating more liberal pur¬ manufacture,our prices quoted being those of leading jobbers:
chases on the part of the retailers. The market for most descrip¬
Cotton Sail Duck,
tions of goods has been quiet with agents, and the supply in their
Ontario and Woodberry
28
Drnid No. 8
hands is increasing somewhat, though not sufficiently to seriously Woodberry and
USA Standard 28)4 in.
No. 9
26
Mills.
do
8 oz. 22
No. 10
24
44
depress values. In exceptional instances there is a disposition to No. 0
do
9 oz.
24
42
No, 1
do
10 oz.
26
give way a trifle on goods not standards. In woollens the same No. 2
40
Light duck—
do
12 oz. 31
Bear (8oz.) 29 in.. 18
38
No 3
1
regularities exist that have been reported for some time past, No, 4
do
15 oz. 88
do heavy (9oz.)... 21
36
»g«nts and
...
...
...
...
...
*hh sales smail and of mixed Jots.
Domestic
Cotton Goods.—Brown and bleached goods have
No 5
No,-6
Na. 7
Mont.Ravens 29in.
do
40in.
20
28
Ontario Twls, 29in.
do
36in.
18
23
Extwl8‘Whea’8” IS
436
THE CHRONICLE
HEMP AND JUTEAmerlcan dressed
American nndressed
GENERAL
PRICES CURRENT.
BUILDING MATERIALS—
Brick*—Common naru, afloat
«
Philadelphia.
28 00
....
Cement—tt .sendaie
Lime— Rockland, common
Rockland, finishing
1 10
l 60
25 JO
Lumber—Soatneru p’ae
White pine box boards
18 00
White pine merchan. box boards. 24 00
Clearplne
Oak and ash
Blackwalnut
Borneo boards A nlanks
Hemlock boards A planks
Mails—10@Wd.com,fen A sh.f) keg
Clinch, IX to 3 In. A longer
•dflne
Xut spikes, all sizes
Jntinte— Lead, white. Am,pure. In oil
65 00
40 00
75 00
18 00
17 oo
&
@
0
<0
@
@
@
@
@
6 00
15 0U
82 00
1 80
l 35
1 85
35 00
25 00
30 00
@ 75 00
@ 50 00
@100
@ 25
@ 20
3 25 @ 3
5(0 & 6
5 5'J @ 5
3 50 @ 3
11 @
00
00
00
50
50
75
75
...
Lead,wh., Amer., pure dry
line, wh.,Amer. ary. No. 1
9*.2
6 @
11*0 1
Xlnc.wh.. Amer..No.l.In oil
Paris white. English, prime gold...
.....
1 35
@
12
1 90
BUTTER—(Wholesale Prices)—
Half flrklns(Eastern.) 3 is t > firsts
Welsh tubs,
“
3ds to firsts..
Half firkins (Western) 3ils to extras.
12
12
10
..
tubs
“
3ds to extras.
10
15
14
5 00
&
@
@
@
21
20
20
19
@
@
16
15
@
6 50
@ 12 (JO
Liverpool house cannal
OOFFEEKio, ord. cargoes, 6O@90 days, gold.
do fair,
do
gold.
do good,
do
gold.
do prime,
do
gold.
Java.mats and bags
gold.
HatlTO Ceylon
Maracaibo
@ 17 00
16*3
17*0
13
17*
18*
0
18*@
gold.
goid.
St. Domingo
Bavantlla
Costa Rica
COPPER—
16*
19
26
21
24 * a
19 @
19 @
IS @
16* 4
li @
17 &
gold.
Laguayra
gold.
gold.
gold.
21*
19
17
21
20
....@
30
28
30
22* a
22*
Sheathing,
new (over 12 ozj
Braziers* (over 1«07,.)
American ingot, Lake
COTTON—8ee special report.
DRUGS A DYES—
Alum, lump
Dry—Buenos Ayres, selected, gold
Montevideo,
Corrlentes,
Rio
Grande,
Orinoco,
California,
Matam. andMex,
2*0
gold.
“
“
18
28
3
451
“
B!chro.potash. Scotch
“
Bleaching powder
“
Brimstone,crude, in store....
'
ftft.
Brimstone, Am. roll
Cimphor refined, city
Castor oil, E.l. In bond, ft gal..gold.
Caustic soda
**
hlorate potash
8ochlneal, Honduras
tartar
Sochlnea!, Mexican
24*0
87*@
56* 3
4
46
43
8
cnr.
Madder, Dutch
.gold
“
“
5
gold.
cnr.
36*
**
"
"
22*3
"
21*0
Maracaibo,
Bahia,
Dry Salted— Maracaibo,
Chill,
Pernambuco,
Savanilla,
do....
22*0
23
18
**
"
do....
do....
do,...
do
do.:..
do....
17
“
“
’i7
“
“
"
...
Bahia,
Wet Salted—Buen. Ay, selected
“
Para,
do
“
California,
■
do....
••
Texas,
do.... cur.
E. I. stock.—Calcutta slaught... gold
Calcutta, dead green
“
Calcutta buffalo
*•
@
V
lb
14
14**
14
14
11
10
12“
15*
12
0
23
15
12
Bavarian
English
40
25
15
Ordlnary foreign
ft 100 lbs, gold
•*
Bar,
....
@
47*0
06*o
18*0
14
2
6 25
32*
2
1
1
o
15
0
....@
0
....&
...
,
’0Y@
81 45
new
0
6*0
25
2
75
SO
30
55
68
25
18*
9*
A
....
5 75
2 60
15
11
8 70
6*
26
7*®
9*@
14*
5*0
8*
ft
....
LKATHERHemlock. Buen, A’res, h..m.Al
“
California, h., m A 1
*•
comm'n lilde, h., m. A 1
"
rough
Slaughter crop
Oak. rough
9*
SO
28
28
28
86
81
35
0
25*0
25*@
27
32
28
81
a
@
@
3
IRON--
Pig, American, No.l
Pig, American, No.2
Pig, American, Forge
23 00
Bar, Swedes, ordinary sizes
0 2R 00
@ 26 00
0 25 00
nominal 32 to @ 37 00
Store Prices,
130 00
80 OO
87 50
@140 (0
@125 00
@135 00
Sheet, Rupsla, as to assort
gold.
li*@
15
8heet, single, double A treble, com.
5
4*@
Ralls,new,English
..gold 48 00 @ 50 00
do new. American
..cur. 48 00
@ 52 00
Hoop
Cuba, clayed
Cuba, Mns., refining grades, 50 test
do
do
grocery grades.
Barbadoes
Demerara
45
40
45
N. O., new, fair to fancy
....
V gal.
5*
8*
@
@
@
41
Porto Rico
•
43
44
48
50
45
65
75
@
@
@
@
65
NAVAb, STORES—
Tar, Washington
*
Tar, Wilmington
Pitch, city
Spirits turpentine
9 gall.
Rosin com. to good strain’d 9 bbl.
“
“
“
No.l
No. 2
pale...........
extra
pale
NUTSFilberts, Sicily
do
Barcelona
Brazil nuts
do
do
do
do
do
do
2 25 0
2 37* 4
0
....
36
05
75
20
75
5 00
.
2
37*
2*25
36*
2
2
2
3
2 10
S M)
2 GO
4 50
6'50
9*0
.
10
9
'4
1 35
1 90
@
2 03
@
@
<3
....@
...
Tarragona
Ivica
Shelled
Princes
;
(....(ft
so a
29
OAKUM, navy to best quality...9 lb.
@
12*
12
80
•20
50
19
19*
18*
S2*
30
7*0
9*
on. 04KK—
City, bag
Western
gold 44 00
cur.
*
OILS—
Cotton seed, crude
Olive, in casks 9 gall
0 44 50
0 48 00
48
Whale,bleached winter
Whale, Northern
Sperm, crude
Sperm, bleached winter
Lard oil. Winter
50
1 25
7t
41
1 25
80
15
69
40
85
75
70
90
15
27
Linseed, casks and bbls
Menhaden, prime L. I. Sound
Neatsloot
PROVISIONS—
Pork new mess
Pork, extra prime
Pork, prime mess ...
Beef, plain mess, new
Beef, extra mess, new
Beef hams
H .ms. smoked..
ft bbl. 22 25
16 50
“
“
19 75
“
9 5)
“
10 50
"
13 00
ft lb
Lard,steam
“
15
15
Ca»es
Refined, standard white
1 80
a
@ 17 50
@ 20 00
@ 10 50
@12 00
@ 21 fC
13*q
14*
16
0
19
at
@
(a
21
...@
10
7*0
8*
7*
2 67*
7*
Crude, In bbls
14*0
do quarters
do
do
Western, qmrters
Peaches, oared Western
do
do 61. voo ’ A prime, new
do
d>
N. Ca olina, prime.
do
unpared, halves and qrs.,.
...
Blackberries
8
@
23
25
.4
7*
8
31
2S
18
new
new
@
7* ^
2n
@
4
@
9
7*
9
8*
s
21
25
27
8Y
8*
@
35
(ft
27
20
@
Cotton.
nom.
Naphtha,City, bbls
RICE—
Carol'ns, fair to cbo’ce
Louisiana, fair to prime
Rangoon, in bond..
Patna
8A.LT—
Turks Uland
Sr. Martin’s
L’vernoo* .various sorts
SALTPETRE—
Refined, pure
Crude
Nitrate soda
gold.
7*0
2 70
«t
7*@
...
6*
18*
3 50
@
Mining A Blasting
at
3 00
HAY60
@
65
22
Clover, Western
Timothy
0
0
U*0
m"!
Nutmegs, Batavia and Penang......
Pimento, Jamaica
.-
1
05H
02*0 1
Cloves
19*@
3o
do
--..0
stems
SPIRITS—
■
Brandy, foreign brands
Rum—Jam.,4th proof
St. Croix,3d proof
3
8
3
8
ft gall.
“
“
...
Gin
Domestic liquors—Cash.
A Icohol (88 per ct) C. A
“
W
8TEKL-
M
17
12
@
0
0
7 0)
8 <5
825
0
2 20
0
®
14*
11*
0*0
10*@
cur.
....
ll*
0
....
cast, Tool
cast spring
0
...
machinery
vierman
gold
0 1R 00
Store Pries*.
i4*a.
17V
Engllsh, cast,2dAlstquality f»ftgold
English, spring,2d A 1st quality.. “
English blister, 2d A 1st quality.. “
blister
60
65
45
00
2 18
1 16
cur.
“
American
American
American
American
American
10<
0
spring
Cuua,inf.to com. refir»>ng
do fair to good refining..,
do
do
do
do
9
16
10
11
0
0
0
...
7*B
8*3
8*0
8*0
8*0
8*0
prime, refining
lair to good grocery
pr. to choice grocery
centr.hhds. A bxs, Nos. 8@13
Moiasses, hhds A bxs.
7
...s
26
ft ft
gold
"
@
SO
ft sack.
....ft ft.
5
Bav’a, Box,D. 8. Nos.'i@9
'f
1*
0
0
SK
8K
9*
10X
H>*
9*3
9*®
10*0
9*0
7*0
8*0
7*@
8*0
Brazil, bags, D. S. Nos. 9011
Java, do. D.S., Nos.l0@12
Manila
N. O., refined to grocery
Defined—Hard, crushed
2*
8*
7*@
...
do 10@12...
do 18@15...
do 16018...
do 19@>U...
white
Porto Rico,refining, com. to prime.
do=
grocery, fair to choice..
do
do
do
do
do
do
do
do
do
do
Jf
i*
9
grades
.
ft lb
10*0
11
....0
do
granulated
cut loaf
do
Soft white, A. standard
do
do
off A
White extra C
do
Yellow
U
centrif...
10*
!
«x
10*0
10
0
9*0
9*0
Other Yellow
8*0
Prime
@
28
35
1 50
0
2 60
....@
....0
12*
5*
2*
12**
12*
.5**
ft bush. 2 55 @
Hemp, foreign
187*0
Flax, rough
2 05 @
Linseed, Calcutta f) 56 lb gold (time)
0
city, 9 ft.
Western, ft ft
....0
9 0
...
2 fiO
190
2 10
2 10
•
A
TEA—
iiyson,Common to fair
SO 0
0
86 0
45
50 0
60
75 0
85
SO 0
92
86 0
to
60 0
75
90 0 110
SI 0
87
40 •
80
62 0
75
1 (0 0 130
36
80 0
38 0
ro
72
58 0
26
21 0
29
27 a
...cur.
Superior to fine
Extra fine to finest
Choicest
do
do
do
Young Hyson, Con., to fair
do
Super.to flue
do
Ex.fineto finest
do
Choicest
Qunpowder, com to fair
do
Sup. to fine
Ex. fine to finest
Choicest
do
do
Imperial. Com to fair
Sun. to fine
Extra Anetoflnest
(.0
do
Hyson Skin. A Twan.. com. to fair.
do
do
do
Sup.to fine
do
Nominal.
0
0
Kz fine to finest
37
Uncolored Japan,Com.to lair
00
8up’rtotine
do
Ex.fine to finest
0
27 0
86 0
55 0
85 0
27
36
58
Oolong, Common to fair,***
do
Superior to fine
Kx fineto finest
Choicest
do
do
Souc. A
Cong., Com. to fair
Sup’rto fine
do
do
Ex. fineto finest
TIN—
Banca
gold.
StraitB
0
....
25
3
....
20
19*0
.English
Plates. T. C.charcoal
9 25
Plates,char, terne
8 25
TOBACCOKentucky lugs, heavy
“
“
leaf,
HX
0
0
950
8 50
11*®
13*0
1J
Seed leaf—Connecticut wrappers*73
Conn. A Mass, fillers. *78.
Pennsylvania wrappers. *72
Havana, com. to fine
85
7
IS
0
®
@
H
67*@
Manufac’d.in bond, black work
19
25
0
0
1»
30
*
50
48
55
40
80
A
?2
0
0
0
“
“
bright work
WOOLAmerican XX
American, Nos.-l A 2
American .Combing
fift
Extra, Polled
No. I, Pulled
California. Spring Clip—
Medium
fO
28
25
SI
38
S3
S3
Burry
8outh Am. Merino unwashed
Cape Good Hope, unwashed
Texas, fine
Texas, medium
To Livkhpooi.:
Cotton
ft 1b.
ft bbl.
Flour
heavy goods, .ft ton.
.
.....
hgs. 9 bu.
Wheat, bulk A bags..
Beef
9 tee.
0
0
0
•STKAM.
s.
S. d.
V
2 6
27 6
85 0
5*®....
6
0....
50
0....
39
0....
«
,2
40
55
ft
58
50
40
85
dl
?0
28
ffl
85
85
S5
17
**
SAIL-—'
i
di
5-16
@....,
@40 0
0....
*
0
25
8*0
f» ft.gold.net
FRE1GHT8—
Oil
Corn b’lk A
15
gold.
Smyrna.unwashed
ZINC—
Sheet
0
'
Superior, unwashed,
Coarse
SEED—
...
0
0
22*0
...
Batavia
12
PETROLEIJM-
8*@
7*@
8*@
13
18
25
white
8*@
....@
....@
11
@
A'monde, Languedoc
26
Apoies, Southern, sliced
do
“
quarters
do
State, s’ic1*!
gold
TALLOW—
....&
Wlim'ngton
1* Virginia
18
8 00
....@
Pepper, Batavia
do
Singapore
Hard, powdered
39
“
SPICKS—
MfllRdn
Pig, Scotcn
5 00
5 00
SUGAR—
27
Texas, crop
cur.
under
6 75
5 90
@
12 @
-...0
24 *@
ft case.
Sardines, V hi. box,
Bardinas, ¥ nr n.*x
Macaroni, Italian
Domestic Driest—
5 80
Sheet
do
Grenjble
Pecans
Peanuts. Tennessee
@
...
Figs
Canton Ginger
@
@
0
87**
*87*0 7J3
7 @
7*
cur.
English machinery
“
English German,2d A 1st quality “
a
Domestic
gold.
Whiskey
0
@
0
@
@
Belgian
Foreign
Domestic
do
Calcutta
Mace
11*0
Cron of 1872
4
SPELTER—
do
HOP8-
Cropol 1874
Crop of 1873
4 50
Canton, re-reeled No. 1 Cotngoun..
Ginger African
0
0
0
&
0
0
0
12*0
...
,.ft lb
Cassia, China Llgnea
0
@
0
10
10
Tsatlee, Nos.l to 4
Tsallee, re-reeled
Taysaain. Nos. 1 A 2
do
0
...
29*
8*
8*
86*
Store Prices,
5 50 (st 6 00
1100 @ 13 <K)
9 0) 0 9 50
9 00 « 10 (0
@ 8 00
new
GUNPOWDER—
Shipping 9 25 » keg
26
24*
*•
Walnuts, Bordeaux
do
Naples
....a
Carr ants
GUNNIES.—See report
0
0
0
do....
do....
do....
as they run
28
2
....ft ft
Cherries, pitted,
Plums
24
21
23
do....
"l‘7
87* 3
60
Mackerel,No. 2, shore, new
Mackerel, No. 2, Bay, new
Citron, Leghorn
Prunes, Turkish,
do
French
Dates
5*
“
@
1
gold
George’s and Grant Bank cod
Mackerel, No. 1, shore, new
Mackerel, No. I, Bav new
FRUIT—
Raisins. Seedless
do
Laver, new
do
Sultana
do
Valencia, new
do
Loose Muscatel,
5*
do....
O
®
32 @
74 @
••••@
85 @
hubarb, China,good to pr....fi ft.
Sal soda, Newcastle
gold
FLAXNorth River
753
1*0
Shellac
Soda ash, ordinary to good
Sugar of lead, white
Vitriol, blue.common
FISH—
21
60
45
6*0
6*0
gold.
alhlne
62*
"*7
13
Iulcksllver
4
0
@
@
@
15
26
25
20
Licorice paste,Calabria
Madder,French
Nutgulls.blne Aleppo
Oil vitriol (66 degrees)
:
Opium
Prusslate potash,yellow
"25
5 75
1 80
1
•
"
“
tlcorlee paste. Spanish, solid.,
iloortce naste.SIdlv
17
0
“
...
3*
62*
6*0
gold.
Ginseng,Southern
Jalap
4
30*3
Cubebs, East India
Catch
2*
24
31
2 18*
•••& 37 00
■
“
ream
@
@
@
a
16*0
212*®
**
“
Gambler
Ginseng, Western
@
4*0
..
**
MOLA.S8KR—
Argols,crude
Irgols.reflned
Arsenic, powdered
Bicarb, soda, Newcastle
“
Scroll
Bolts
Snipping
Sisal
LEA.D-
CHEK8K—
State factory, good to fine
State dairies, fine
CO A li—
Anthracite (by cargo)
Liverpool gas cauuel
Baspberrles,
ft lb
Jute....
HIDES—
3 00
12 00
Crotou
Welsh
gold.220 00 @225 00
“
2*,U 00 @280 00
"
8
7*®
Manila
@
@280 00
@
....
Russia,clean
BBSADSTUFF8—Seespecial report.
—
SILK—
9 ton. 285 00
Italian
aSHESPot
iMay 1,1875,
9
9 "*
d.
0
1 10*4
20 0 •
85 0 at
5 0
5 a
4 0 a
80 a
9-Si
•••
••••
*•••
••1.
@FedFRASER