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MERCHANTS’
HUNT’S
11
REPRESENTING THE
Ring
The Social Science Association.
City Burdens
The “Schiller” Disaster
465
English News
Commercial t.nd
News
466
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...
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THE COMMERCIAL
469
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473
474
TIMES.
Commercial Epitome
479
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483
484
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...
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The Business
preparing the explosion. Last February,
George W. Fishback, of the St. Louis Democrat
sent a letter to Washington which disclosed a state
of facts to the Department which not only threw light
upon the magnitude of the power and resources of the
Ring, but also suggested a method of cure. Mr. Bristow
immediately set on foot the requisite inquiries, adopted
with some modifications Mr. Fishback’s scheme, and
appointed a special agent to direct and work the new
battery, with the result, as has been said, that “the
battle was won before the fighting began.”
Wre have no intention in this place to expatiate on
the subtle power with which the Whiskey Ring have
debauched the public mind, while they have robbed and
corrupted the Treasury. Still less do we enter upon the
moral questions and social problems touching intemper¬
ance and crime, poverty and personal degradation which
philanthropic reform traces to the use of whiskey; and.
which in a popular government like our own, threaten
more
political mischief than in governments which are less
free.
What wre insist upon is that the government shall
protect both its own officers, the public, and the honest
trader, from evils which are clearly preventable and
Mr.
from Jan. 1 to April 30
Latest Monetary and Commercial
461
462
463
.464
NO. 516.
have been
THE CHRONICLE.
Mr. Bristow and the Whiskey
Six
DF THE UNITED STATES.
SATURDAY. MAY 15, 1875.
CONTE M TS
The Commercial
§J t w ji p a p t v,
AND COMMERCIAL INTEREST!
INDUSTRIAL
VOL. 20.
fc I tj
MAGAZINE,
Department of the Chronicle is represented among
Financial Interests in New York City by Mr. Fred. W. Jones.
under control.
Mr. Bristow
owes
it to himself and to
the country to make such a signal example of the band
of outlaws whom he has driven from the ruins of their
be preserved from a similar
ring for many years to come. The wealth and pretended
respectability of these bandits offer no valid excuse for
To say otherwise is as absurd as to con¬
their crimes.
tend for the acquittal of a highwayman or a burglar
because the culprit is richly clad in the spoils of his
entrenchments, that
we may
victims.
point of importance is the pruning of the
decayed branches of the Treasury service.
Many of the implicated officers are lazy or incompetent,
others are manifestly corrupt.
Of the last we have
nothing to say. Their punishment cannot be too severe
or too swift.
But of the other class, against whom
nothing but weakness or incompetency is charged, wTe
insist in the interest of the honest trader that they be
dismissed the service on the principle that a lazy watch¬
dog is worse than none at all, and a sleeping sentinel is
Another
weak and
MR. BRISTOW AND THE WHISKEY RING.
The
Secretary of the Treasury has just added another
conspicuous proof of his resolute determination to reform
every part of the revenue service.
abuses have been growing up which
For some years
former secretaries
have tried to detect, but have been baffled and disap¬
pointed. One of these, but by no means the only one,
is the Whiskey Ring, whose existence has been a con¬
stant scandal for years, while its profits have been dis¬
tributed to the
dollars
“
a
extent
of hundreds
it remains to be
and to prevent.
For two or three
and the Solicitor of
as
bad
as a
traitor.
Finally, we are reminded by these and a multitude of
other incidents of the importance in certain cases of con¬
of the recent attack, and ferring on revenue officers “ the power of search.” But
this powrer has its limits, its uses and its laws, which the
can do to punish
experience of a century has developed into some degree
months past, Mr. Secretary Bristow of precision. In the eighteenth centufy a great contest on
the Treasury, Mr. Bluford Wilson, this subject was carried on in England.
Tt resulted in
fallen before the resolute energy
now
of
corruption fund wherever it would
good.” This gigantic fabric of fraud has
year as a
do the most
of thousands
seen
what the law
462
THE
the establishment of various
CHRONICLE.
well-known-principles,
one
of which
is, that except in the case of spirits, tobacco
liquors, the right of search should not be
given to the officers of Internal Revenue. When this
right of search was claimed in regard to the banks on a
recent occasion we opposed it, and it was very properly
Waived by the Secretary, on the ground that it was too
oppressive and dangerous a power to be enforced outside
of its proper place. Rut if it be extremely important
that the power of search should not be abused, it is still
more needful * that
this power should be employed
promptly on legitimate occasions. But for this power
of search the victory over the Whiskey Ring would not
have been won, and Mr. Bristow would have
been#baffled
like his predecessors in office.
and fermented
It has been often observed that if the
been
revenue
had
.
[May 15, 1875,'
subject, claimed that the industry of the population of Great
Britain at that time, taken man for man, was nearly twice as
pro.
ductive as it was in 1850; and Ido not think aDy one can review
the industrial experience of the United States as a whole since
I860, but what must feel satisfied that our average gain in the
power of production during that time, and in spite of the war, has
not beenlesfl than from fifteen to twenty per cent. And if this
statement should seem to any to be exaggerated,it is well to call to
mind that it is mainfy within the Jasfc fifteen years that the
very
great improvements in machinery adapted to agriculture have
come into general use ; that, whereas, a few years ago men on the
great plains of the West cut grain with the cradle and sickle,
toiling from early morn to dewy eve, in the hottest period of the*
year, the same work, may be done now almost as a matter of recre¬
ation—the director of a mechanical reaper entering the field
behind a pair of horses, with gloves on his hands and an umbrella
over his head, and in this style finishing the work in one-tenth of
the time which twenty men would formerly have required, and in
a manner much more
satisfactory. I would also recall to you that
in the manufacture of boots and shoes three men now, with the
aid of machinery, can produce as much in a given time as six men
unaided, could have done in 1860; that we have forty thousand
more miles of railroad now than we then had to assist us in the
work of exchange and distribution; that we can send our telegrams
now for less than half what it actually cost to do the work in
1866;
faithfully collected, the deficit in the Treasury last
finally, taking the
year would never have occurred.
All the embarrass¬ and, we can send our Pennsylvania Central Railroad as a type,
that
freight at an average of 1 48-100 of a cent
ment consequent on that deficit was, therefore, directly per ton
per mile, as compared with a charge of 2 41-100 on the
same road for the same service in 1864.”
chargeable to frauds such as are now under discussion. It
is gratifying to know that, under the present Secretary,
Passing from this first step of his argument Mr.
there is a fair prospect that the tax-laws will be vigor¬ Wells proceeded to illustrate his second statement which
ously administered, and the revenue impartially col¬ is more popular among economists in England than here,
lected.
The amount which has been lost to the Treasury namely—that the distribution of wealth among the
by the frauds of the Whiskey Ring and their imitators, various orders of the community has not kept even
must have amounted during the past few
years to an pace with production. He complains that Capital has
a
enormous amount.
tendency to centralize itself in a few hands. The way¬
ward genius of modern civilization distributes her gifts
TIIE SOCIAL SCIENCE ASSOCIATION.
capriciously. “ To him that hath she giveth, from him
The annual meeting of this useful body began at that hath not she taketh away even what he hath.”
Detroit on Monday.
Gratifying as these evidences of increasing abundance
Its proceedings are unusually
interesting, and surpass in value those of previous certainly are,” says Mr. Wells, “ the cry of the poor, at
years.
The subjects of the papers are well chosen, and least to the superficial observer, seems not less loud, and
the difficulties of earning a living, or of getting on in
the discussions have been practical and suggestive.
The
opening address was delivered by the Chainnan, Mr. the world, seem not less potent than they have always
David A. Wells, “On the Relation of Material arid been, while the discontent with the inequalities of social
Industrial Progress to Social Development.” Mr. Wells condition is certainly more strikingly manifested than
at any former period.
To understand fully the origin
very properly pointed out that the area of political econ¬
of this social paradox is to presuppose a full under¬
omy has been too much restricted by a certain class of
writers. He objected to the restriction of economics to standing of the whole domain of social science, or of the
wealth as its sole and exclusive subject-matter. He laws and phenomena involved in all societary relations—
a degree and
rather agreed with Sismondi and his school in
comprehensiveness of knowledge which it
embracing
is safe to affirm has been attained to by no man.”
within the purview of the science “ all those
things
Mr. Wells took occasion to show the futility of the
which contribute to our well being, comfort and happi¬
ness.” Exception has been taken to several of Mr. labor strikes by which this alleged unfair distribution
Well’s principles and definitions, but the general drift is to be corrected. He also discussed at some length
the nature of the principal obstacles which, in his^
of his argument is undoubtedly sound. This
argument
consists of two propositions; first, that the production and opinion, stand in the way of the attainment of a greater
accumulation of capital have increased
degree of abundance and a more equitable distribution
inordinately in
the United States, and enforced his several propo¬
during the last quarter of a century; and, secondly,
sitions with a great variety of illustrations.
that the processes of distribution have not
developed
We regret that our limits compel so brief a notice of
pari passu with those of production. This inordinate
and excessive growth of production is due to the stimulus this and other papers,
Mr. George Walker, of Springof the great discoveries and inventions which have so field, read on Tuesday an address on “ The Financial
remarkably distinguished the present age from those Experience of France, a Lesson to the United States.”
On the same day Mr. Gamaliel Bradford presented an
which went before it. Mr. Wells discusses this
point as
elaborate comparison of the financial policy of our coun¬
follows:
Never before in the bistory of tbe world bas man,
through the try with that of Great Britain. Among the reforms
control which he bas obtained
tbe forces of nature, and tbe which
Mr. Bradford advocated, the most noteworthy is
use which he bas made of such control, been able to
produce so
much with a given amount of personal effort. An old and familiar the giving of a seat in Congress to every member of the
illustration of this is embodied in the statement that in Great
Cabinet. By this expedient Mr. Bradford thinks that
Britain alone, the force evolved through the combustion of coal
and applied to tbe performance of mechanical work is
equivalent Congress would lose power over the finances, inasmuch
to the muscular power of at least 100,000,000 men
; or, to state the .as the
Cabinet, and not the Congressional Committee,
case differently, the result attained to is the same as if the
actual
laboring population of Great Britain had been increased twelve would be supreme in the direction of the finances of the
fold, without necessitating any corresponding increase in produc¬
country. We should thus attain, he thinks, to a better
tion for the support and sustenance of this additional number.
What is yet to be accomplished in the
way of increasing the management of the government finances with a “respon¬
proportion of product to manual labor, time alone can show ; but sible finance minister, and definite and responsible power,
there is no evidence at present to indicate that we are
approaching
In support
any limitation to further progress in this direction. A writer in in place of secret and irresponsible power.”
the London Economist in 1873, evidently most conversant with big of this
gefieme, Mr. Bradford appeals to the history and
“
.
“
over
“
#
i
*
463
THE CHRONICLE.
May 15, 1875.]
functions of the Cabinet of Great Britain.
sible to withhold from
-
It is impos¬
this writer the praise of pains¬
taking and ingenious earnestness. If, however, he will
explore further the history of the Cabinets of this coun¬
try and of England, he will find abundant reason to
modify some essential features of his plan.
suggestive aspect of the emigration ques¬
worthy of more complete investigation. We
congratulate the Social Science Association on the good
work which it has entered upon with so promising
auspices. As Francois Beaudoin says, Cceca sine kistoria
jurisprudentia. “ If our Legislation goes astray it is for
This
wanted.
tion is
intelligent paper by want of the statistics and other facts of social science.”
Mr. II. A. Hill, of Boston. The recent falling off in the
CITY BURDENS.
tide of immigration has attracted general attention both
abroad and at home. Mr. Hill seems to have taken
In the Chronicle of April 10th, we referred to the
some pains to investigate this subject.
He says:
growing evil of municipal indebtedness, illustrating the
The tide from Europe reached its maximum height in 1854,
subject by figures lately made public with regard to
when the arrivals were 427,833. We believe that in no other
We must not omit to mention the
.
“
the fiscal year Massachusetts. Governor Tilden has, during the past
they touched week, given us in his admirable Message to the Legis¬
the same high point which they had reached in 1869, about 365,lature on municipal government somewhat similar statis¬
000. In 1874 they declined to about 200,000.
The reason for this decline it will not be difficult to find. Mr. tics with
regard to New York State for 1874. The
Kapp has tersely stated the rule which governs the movement
of immigration to the United States: ‘ Bad times in Europe returns, however, are simply for the cities, and do not
regularly increase and bad times in America invariably diminish embrace town and county indebtedness, and are as
immigration.’ In the present instance, certainly, there can be no
follows:
calendar year have they ever reached 400,000, but in
ended June 30,1872, they were 404,800. In 1873
“
doubt that ‘ bad times in America’ have led to the diminished
numbers. However serious the great failures of the Autumn of
1873 and the general depression of trade throughout the country,
subsequently, have been felt to be by those at home, they have
seemed much more serious when regarded from abroad, and
especially by foreigners who know comparatively little of the
resources, and understand still less the recuperative powers of this
young and vigorous country. Nor does the press of Europe at
such times err on the side of under estimating financial and in¬
dustrial difficulties in the United States. On the Continent the
ruling influence is directly opposed to emigration to any and all
countries; and in Great Britain it not unnaturally prefers and
favors the British Colonies.
But there has not only been a check
in the flow of the stream in this direction ; there has been a strong
current setting from the United States toward the shores of
Europe. The general dulness of trade in America, in connection
with unprecedentedly low rates of railway and steamship fares,
afforded an opportunity to our .foreign-born citizens, particularly
to those engaged in mechanical and manufacturing industries, to
return to their old homes, for the purpose of visiting their friends
or of obtaining temporary employment, or for the two purposes
combined.
At
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such conjectures as these are founded
largely upon conjecture. A few years ago we made
some elaborate investigations, which pointed to a lower
a
course,
In the
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valuation than either of those mentioned above.
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reach still different results. But whatever process we may adopt
in making our calculations, it is evident that the annual increase
to the capitalized wealth of the country by this influx from beyond
the sea must be reckoned by more than tens of millions.”
Of
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Queenstown and
77,140, against about 38,000 in
impossible to arrive at any
very precise estimate of the amount of money annually brought
into the country by immigrants. An attempt was made a few
years ago at Castle Garden to obtain information on this point
from the passengers themselves, and as the result of the inquiry,
the Emigration Commissioners fixed upon $68 as the estimated
average amount for each passenger. There is no doubt, however,
that many of these people failed to make]correct returns, naturally
hesitating to display their means to strangers. Mr. Kapp, who
found evidence of this in the course of his own observation, fixed
the average amount at $150. At this moderate estimate, and with
the reduced immigration of 200,000, our country is gaining from
this source of wealth at the rate of $30,000,000 per annum.
“-Wliat is the economic value of each immigrant to the land of
his adoption ? Mr. Kapp, from carefully considered data, places it
at $1,125.
Dr. Edward Young of Washington thinks this too
high, and has fixed it at $800. Other statisticians would perhaps
Of
o
§1||§
$ 2 2 S'of
question of general interest which
Mr. Hill approaches, intending, we hope, to devote to it
a more elaborate inquiry in
a future paper.
We refer
to the value of the average immigrant as a factor in the
productive power of the country.* Mr. Hill discusses
this question as follows:
case
©
.35
There is another
From the nature of the
t—
CO
05
*-<
at
1873.”
m
co
50
the steamship companies,
tickets from Chicago to
The number of those who
steamers
o
t-
SSStSI
8 S3 § § 8 S3 s?
8 S3
8 8 8
O
o
cc
Hf.
n
CO
os
CO
rr'
©
l-
j
I
n
<N
CO
©
time, last Summer, owing to the severe com¬
Liverpool in 1874 is reported
“
§
©
t
rT 06 —
among both the railway and
passengers were taken on through
petition
^
*
o
—i
°
I
£o
Lj
^ r:
tc
o
^ s §
3
I
^
8
YYe presume,
®
^
q
O
&
s
tc
® 2
60-3 g
a g -2
?
o
bfi
§
^ Id
W)
'no
: ®
o
o
,5 * |h
>
3 ®
s
g
OD
03
: a
2
■§
«
.5 j-af 1
g •§.s o -3
a
i -8
O
tUD
2 a
CD
W
-K bq OKU® « O £ W
in the above, the Governor has
3. a
o
H
o
£o
>*
<1
included
which has elapsed since those esti¬ all actual obligations. Comparing the totals with the
mates were completed, the value of the average unskilled
returns given under the head of towns and cities in
immigrant has somewhat declined in consequence of the United States census, we have the following result:
Indebtedness.
Valuation.
plethora of unemployed labor and the obstinacy with
$175,657,267
1874
$1,509,535,074
which Irish and other unskilled laborers
interval,
moreover,
persist in con¬ 1870*!
105,993,906
Not given separately.
centrating themselves in large cities instead of scattering
To the censns totals we have added 1he county debt of Ncwtfork, as it is
through the country', where agricultural labor is so much of coarse included in the iigures for 1874.
*
THE CHRONICLE
464
figures for 1870 include, as we have stated,
the debt of towns and cities, whereas those for 1874 are
for cities only.
For this reason and others we might
mention the comparison is by no means perfect.
We
In
The above
would suggest, therefore, the importance of having
State census, which will be begun next month, very
[May 15, i* 5
-
saying this
not unmindful of the statement
we are
Mr; Stern, that “ many of the
“crew and passengers were intoxicated, one of the
officers having celebrated his birthday that evening.”
of the saved passenger,
“
our We
cannot but
think that there must have been some
Such a festival on board of an Atlantic
full mistake here.
on these
points. Special instructions should be given, steamer is so contrary to the ordinary discipline prevail¬
so that we may have more complete information than
ing, so entirely out of place and improper, that it would
hitherto, with regard to the condition and progress of require more than a mere cable dispatch to lead us to
city, town and county indebtedness and taxation. Such accept it as true. Besides, so far as the evidence now
facts will be especially useful now, while general goes, the navigation of the vessel immediately preceding
attention is being directed to the subject of municipal the disaster was such as would be dictated by prudence
and good judgment. Two hours before the vessel struck
government. It is desirable to know first of all the
fpast management, and nothing the sails were all furled and the vessel reduced to half
in .our endeavor to reach a correct speed on account of the fog; and when the vessel struck
virtues and defects of
will
help us more
conclusion on these
“
Captain Thomas and another officer were on the bridge
points than this very information.
two men were looking out forward and two others
In this connection we bring forward the totals of the
Massachusetts figures, showing the city and town indebt¬ were on the bridge with the Captain.” To be sure we
edness, valuation, and taxation of that Commonwealth see nothing in the accounts received with regard to
for the years 1870 and 1874:
soundings being taken. But it must certainly be pre¬
Indebtedness.
Valuation.
Taxation. sumed, in the absence of evidence, that this was not
Join
$1,831,601,165
$28,700,605 omitted, for it would seem to be so essential when not
1870
34,826,860
1,417,127,376
21,922,569
sure of their position and approaching the coast.
Any
Increase.... $45,600,385
$414,473,789 •
$6,778,036 careful
seaman, such as Captain Thomas was known to
The above furnishes pretty conclusive evidence of the
be, would not have neglected this simple measure of
necessity for limitations to the powers of city officials. caution and' prudence. One dispatch states that “ all
The idea of improvements is always an alluring bait by
the survivors concur in saying that the Captain exerwhich the many are caught.
Railroads, turnpikes,
cised the greatest care, and was not abed for five
parks, waterworks and hosts of other objects have come
nights previous to the disaster.” ’
Some will claim the vessel should have been stopped in
in, each for its share of the plunder. So long as money
could be easily borrowed the plan worked admirably; the
fog. They forget that safety would not be insured
but now that the times are changed, our legislatures are, in that
way.
In fact had the “ Schiller” been left to
“
.
“
“
“
we are
told over-burdened with bills for
relief; for laws drift under the influence of tide and winds for
a
few
authorizing the temporary funding of debts ; and with hours her position would be entirely unknown to her
frequent appeals from taxpayers against the measures of officers, as they would have nothing to guide them and
local officials, &c., &c.
no
way of establishing it so long as the fog lasted.
Governor Tilden has none too soon turned attention Besides, the community demand that a vessel shall make'
to this important subject, and no branch of it is more as
quick a passage as possible under conditions of
vital than this financial question.
If the power of city prudence and care. We know that we run risks every
officials to increase debt is not closely, guarded and day for the sake of saving time; -and to stop in every
absolute limits placed upon it, we cannot expect either
fog, or to turn around and put out to sea again waiting
prudence or honesty to prevail. Beyond a fixed per¬ till it cleared up, would not'make a line popular however
centage of valuation, no city or town should be safe it might be. Of course the demand* is that every
authorized to issue bonds; and the annual tax should be means known to science be taken to avoid accident.
required to cover all current expenses.
These two And it is highly important in this case that the evidence
provisions embodied in a law applying to all municipal should show affirmativelv such to have been the fact; for
corporations would go far towards checking this evident certainly no class of public men should be subject to
evil.
stricter accountability than the officers of ocean steam¬
ship companies for in no position can a little recklessness
THE “SCHILLER” DISASTER.
or carelessness work greater evil.
The question returns, then, cannot anything be done
It is a melancholy work to seek for the teachings of
such a catastrophe as the loss of the “ Schiller.” In a to avoid accidents of this description, or to make them
moment of time and almost within
sight of their less fatal. Of course, if it shall be finally determined
destined harbor, hundreds of living men and women are that soundings were not properly and constantly taken,
buried beneath the waves.
We are appalled by the or any want of care or caution be proved, we shall
magnitude of the disaster and feel, as seldom before, the see there was bad management. But in the absence
fitness of silence beyond the simple sympathizing word. of evidence on this and all similar points, we may
And yet, unfortunately, our knowledge must come reasonably grant that everything good seamanship could
largely through our losses.
Mistakes are thus only dictate was done. If so, here would be an accident
brought out into relief, and we should all be constantly which may happen at any time, when the conditions
stumbling through life did we not heed the warnings were similar. Ordinary life boats, under the circum¬
and checks we daily receive.
In this case it is a satisfac¬ stances, appear to have proved themselves almost useless.
tion to believe that apparently none of the immediate Cannot, therefore, some better provision be made for the
surroundings were the cause of the disaster. The vessel safety of those who are wrecked ? Is it not possible to
have life rafts on every steamer, far more extensive than
was not defective, the seamanship is thought to have been
all that can be demanded, the lighthouse was standing, any boat, which can keep afloat for a time at least, a large
the fog bell was ringing,—in a word, all ordinary human number of passengers? We know that something of
agencies appear to have been working together to save this kind has been suggested on previous occasions, and
the vessel.
even
models have been
prepared.
But evidently defects
.465
THE CHRONICLE
May 15, 1875.
construction have hitherto been found, or they would large measure a personal contest between two railroad
come into general use.
And yet these accidents, on any presidents, there is no evidence of a general and serious
coast especially, require some such contrivance, and even falling off from last year. Taking all the prominent roads
if it be of only temporary service it will have fulfilled its whose reports we have (excluding the Pacifies), and their
in
purpose, for with the return of daylight assistance is
likely to be obtained. It is a reflection upon the intelli¬
gence and inventive genius of the age, that three or four
hundred precious lives should be lost, almost within
sight of land, because of the lack of some such simple
contrivance for floating the passengers until daylight
10Iv*
i*.
Illinois
Central, 4 mos., Jan, 1 to May 1
$2,182,598 $2,250,426
522.880
567.446
Indianapolis Cinn. * Lafayette. 4 mos,, Jan. 1 to May 1.
St Lonis Iron Mt. <fc Southern, 4 mos.. Jan. 1 to May 1..
1,085,465
934,008
St L. Alton & Terre H. & br'chs, 4 mos., Jan. 1 to May 1
524,212
549,376
Michigan Central. 3 mos., Jan. 1 to April 1
1,553,736
1,806,422
Ohio & Mississippi, 3 mos., Jan. 1 to April 1
803,777
814,048
$6,672,666
$6,921,726
We have selected these as representative roads, and
to their rescue.
the totals show that there has been a decrease of only
It has been suggested, in at least one of the accounts
should
come
by cable, that the “ Schiller’s ” signals of distress were $249,060 on a total business of over $6,900,000.
The Pacific railroads are excluded in the above ^sum¬
“
seen on shore, but not understood, because the same
signals are often used on the mere arrival of a vessel.” mary, as their earnings are well known to be excep¬
Whether there is any truth in tjiis statement or not we tionally favorable. In addition to the higher rates
do not know; but it is very certain that no doubt should obtained by agreement with the Pacific Mail Steamship
be permitted to exist on such a point; regulations could Company, the remarkable flow of emigration to the
be easily made, and should be quickly, which would ren¬ Pacific States caused by the mining excitement, has
thrown a large increase in passenger business on to the
der such a mistake impossible.
“
Pacific
roads.
The
following extract from the San
RAILROAD EARNINGS IN APRIL, AND FROM JANUARY 1 TO Francisco Bulletin is interesting :
APRIL 30.
“Immigration is setting toward California at a very gratifying rate. Hard
times, incident to over-production and a depreciated currency, and cold
weather, are having a telling influence in Eastern States, for the benefit of
the Pacific Coast. The monthly arrivals and departures by land and sea for
the first quarter have been:
Reports of railroad earnings continue to come in very
tardily, and for the month of April we are able to obtain
Overland.
By Sea.
Arrived.
1875
the earnings of twelve companies only, as below given.
Departed.
Arrived. Departed.
January
1,102
765
2,638
1,038
The reports received are not unfavorable as compared with February
2,412
586
2,977
1,248
March
2,567
571
6,031
1,985
last year on the principal roads, the Central & Union
Totals
6,081
1,922
11,646
4,271
Pacific showing a large increase, while the Illinois Same time 1874
3,463
1,581
7.025
8.464
Same time 1873
4,445
1,662
6,200
3.266
Central, Indinapolis Cincinnati & Lafayette, and St. Same time 1872
:
2,663
2,258
3,068
2,509
Louis Iron Mountain & Southern all present a fair
“The movement by rail this year is unprecedented. Not only is the num¬
ber of arrivals larger, nut the proportion of those who remain is also larger.
exhibit.
In a preliminary statement of earnings issued In the first quarter of 1872, the net gain by rail was only 20 per cent. In 1873
and 1874, the net gain was 90 and 100 per cent. During the past quarter, the
a few days since, we
gave the earnings of Union Pacific figures show a net gain in arrivals over departures on the overland route of
170 per cent.”
for April last year as $742,847, according to the figures
In view of the monopoly which they possess, the
published in the daily papers; but, on reference to the
annual report for 1874, just received, we find the correct starting of a new line of steamships to China, and the
activity on the Pacific coast, the position of these roads
earnings for that month were $834,954, and thus, against is
remarkably strong.
$1,062,953 for April 1875, the true increase for the
RAILROAD EARNINGS IN AFBIL.
month this year is $227,999.
1875.
1874.
Increase. Decrease.
The corrected report of
Central Pacific
$1,355,000
$244,877
$
$1,00,623
March earnings on the Indianapolis Cincinnati & Chic Danv lie & Vincennes..
66.628
45,628
21,000
Cin., Lafayette & Chicago
32,710
39,574
6,864
Lafayette road has just come to hand, and shows that Denver*Rio Grande
32,355
29,613
2,742
'
586,716
246
586,962
on a decrease
of about $12,500 gross earnings, the Illinois Central
100,767
140,334
39,567
Indianap. Bloom. &West..
151,765
9,393
operating expenses were down about $20,000, and net Ind. Cin. * Laf Gt. Northern. 142,362
International &
85,255
70,482
14,773
&
86,948
100,283
13,835
earnings, therefore, were about $7,000 larger. This St. Louis, Alton do T.H.(main) 40,207
do
branches
886
41,093
230.434
28,136
item is not in itself very important, but if it may be St. Louis, Iron Mt. & Southern 258,570
St. Louis * Southeastern*....
60,677
67,660
6,983
834,955
1,062,953
taken as a type of what the majority of western railroads Union Pacific
227,998
are able to
$3,911,148
$3,449,396
$539,026
$77,274
do, it is very significant. Unfortunately, we Net Total
increase.
$461,752
have no other reports of operating expenses and net
Three weeks only in April of each year.
GROSS EARN ENGS FROM JANUARY 1 TO AFBIL 80.
earnings to give further proof in the matter. There has
Increase. Decrease.
1875.
1874.
hardly ever been a period when the want of monthly Central Pacific
$4,339,000
$3,645,648
$693,352
reports of earnings on leading railroads was more Cin., Lafayette & Chicago....
152,315
123,767
28,548
Denver & Rio Grande
92,195
10,827
103,022
felt by dealers in their securities than at the Illinois Central
2,250,426
2,182,596
67,880
153,736
572,619
418,883
Indianap. Bloom. & Western..
present time.
We have the reports now of a Ind. Cin. & Laf...
567,446
522,880
44,566
Northern.
425,048
399,735
25,313
number of the principal companies for the year ending International & Gt.T.H.(maic)
St. Lonis, Alton *
387,707
321,711
65,996
do
branches
do
161,669
202,501
40,882
vith December, 1874, and to the
surprise of many, their St. Lonis, Iron Mt. & Southern 1,085,465
934,008
151,457
St. Lonis & Southeastern*
386,917
71,717
315,200
nei
earnings were larger, in most cases, than in the pre- Union Pacific
2,750,686
881,013
3,081,699
nous—the Lake Shore road reported the largest net
Total
$13,121,772 $12,301,371
$1,252,794
$482,896
$820,401
in its history—and this was in the year which Net increase
earnings
Three weeks only of April in each year
followed the panic and the granger laws, and was accom¬
The following roads have recently reported for March:
plished through a strict economy of expenditures.
OBOSS EARNINGS IN MARCH.
Now, the inquiry is as to the current year, which
1875.
Increase.! [Decrease.
1874.
15
$611,211
$615,930
$
$4,719
Michigan Central
generally believed to have been thus far more un¬ Mobile & Ohio
130,251
174,968
44,717
4.660
247,626
favorable for railroad traffic than any of its prede¬ Philadelphia & Erie C. & St.P. 252,286
St. P. & S. City & S.
42,551
54,660
12,109
cessors, but we have a dearth of reports to give any
Total
$1,093,184
4,660
$1,036,299
$61,546
satisfactory information on the subject. On all roads Net decrease CROSS EARNINGS FROM JANUARY $56,885
1 TO MARCH 31.
between Chicago, Cincinnati and the Eastern cities
1874.
1875.
Increase. Decrease.
$252,686
it is
Michigan Central
$1,806,422
$1,558,736
generally conceded that the “ freight war” has been Mobile * Ohio
483.154
*.
199,089
682,248
85.712
St. P. * S City * S. C. * St.P.
104,494
140,206
seriously damaging, but as to other roads not immediately
Total
$2,628,871
$2,141,384
$487,487
affected by this injurious strife, which seems to be in
Net decrease
$487,487
,
«
,
»
,
..
•
.
•
•
•
•
.
•
...^
*
•
•
•
•
•
•
•
•
•
•
•
#
•
»«
•
•
•
•
•
*
,
[May 15,1875.
466
latest fUanetarg
RATES OF
Cnglisl) Neroa
an& Commercial
LONDON-
EXCHANGE ON
Consols
LONDON.
on
TIMS.
Amsterdam.
Antwerp,...
3
Hamburg....
BATS.
short.
-
11.15X&11.16X
£.25.55 |
20.80 @20.84 i
25.17^@25.27)^
months. 25.50
short.
Paris
3 months. 25.47tf@25.52;*:
Paris
11.35 @11.40 I
Vienna
20.80 @20.84
Berlin
20.79 @20.84 i
Frankfort
32 5-16@32 7-10
St. Petersburg
48tf@48;a'
Cadiz
3
April 30.
■10 days.
3 months.
Lisbon
Milan
Naples
celona
Lisbon and
St.
April 30.
60
$1 88
days.
Valparaiso
Pernambuco..
0%d.
4s.
April 29.
April 26.
April 29.
April 15.
97^d.
9%d.
4*-.
58.
per
cent, per cent.
8*
Brussels.
Turin, Florence
Turin, Florence
Rome
Bremen
and
;3X
'3*
Leipzig
Genoa
Geneva...
New York
_
<*
9tf
Calcutta
Calcutta
4
Oporto....
.
—
Petersburg
market there have been no important features.
gold have been small and the- operations at the
hank in the absence of an export demand, have been on a trifling
scale. The silver market has been quiet. Annexed are the quo¬
tations for bullion :
gold.
s. d.
s. <?.
BarGold
per oz. standard, 77 9 @ ....
Bai Gold, line
per oz standard. 77 10 @ ....
Bar Gold, rellnable
per oz. standard. 77 11 @ ....
Buepos Ayres..
Hong Kong...
Shanghai......
334
3tf
Open
rate, market
The arrivals of
Bahia
Calcutta
the leading cities
In the bullion
New York ....
Rio de Janeiro
Is.
U.
cent, per cent.
Is. 0
Bank
Frankfort
Vienna an d Trieste....
Madrid, Cadiz and Bar
52^'@52%
Montevideo...
Bombay
Is. Id.
Open
market,
Berlin
27.05 @27.70
27.65@27.70
27.05@27.70
Genoa
Is. 2tfd.
7 15-I6d.
112,535,000 116,590,000 84
the rates for money at
Hamburg..
20.62
20.62
33 3-32
3 mos.
..
Sh d.
la. 4d.
Is. Otfd.
Paris
Amsterdam
lii*13
3 mos.
short.
9tfd.
return.106,051,000 137,743,000
per
20.44
25.19
mos.
short.
93%,
54s. lOd.
ll^d.
59s. 7d.
Bank
rate,
04.
43s. 4d.
93tf.
54s. 6d.
7 5-16d.
The following are
abroad:
11.76
25,22
short.
p. c.
p. c.
-93%.
DATE.
April 30.
23.948,220 21,555,455 22,164,097 21,654,753 21,023,290
4 p. C.
3tf p. c.
4 p. c.
4
...
Clearing House
BATS.
TIMS.
-
English wheat
Mia. Upland cotton....
No. 40 mule yarn fair 2d
quality
APRIL 30.
LATEST
in
both departments....
Bank-rate
.
ON LONDON
EXCHANGE AT LONDON, AND
AT LATEST DATES.
EXCHANGE AT
Coin1 and bullion
1.-?. 10 ytd.
Is. 10 7-16(?.
is. *%d.
5s. 9d.
6 mos.
0%d.
0%d.
per oz
Spanish Doubloons
peroz.
per oz..none here
Doubloons
United States Gold
South American
@ ....
@ ....
....
@ ....
8. (1.
April 28. 3 mos
Bar Silver, Fine
Alexandria. ..J
per oz. standard, nearest. 4 9%
@ ....
Bar Silver, containing 5 grs. Gold.per oz.
do
do 4 9 9-16 @ ....
[From our own correspondent.]
Mexican Dollars
per oz. last price. 4 8# @ ....
Spanish Dollars (Carolus).T
per oz., none here ....
London, Saturday, May 1, 1875.
peroz
....
Five Franc Pieces
At the half yearly meeting of the shareholders of the Grand
The money market hag assumed a somewhat easier appearance,
but the directors of the Bank of England have made no change in Trunk Railway Company of Canada, on Thursday, the report of
their rates of discount, the minimum quotation being still 3J- per the directors was adopted.
Resolutions were passed expressing
cent.
In the open market, however, the tendency to ease has been confidence in the Board of Directors, and favoring a closer union
somewhat decided. There has been a passing increase iu the between the company and the Great Western Railway of Canadademand for accommodation, caused by the Stock Exchange settle¬ At the meeting of the latter company on Friday, similar resolu,
ment ; but commercial bills are still very scarce, and those having tions were passed.
The abundance and cheapness of money have caused the stock
three months to run are taken at 3 per cent. During the next
markets to rule firm, and the value both of British Railway shares
two weeks coin will be sent to Scotland in connection with the
periodical payments in that country, but as a renewal of the exports and foreign Government securities has improved. Spanish stock
of gold is expected on a moderate scale from New York,' there has been dull, and Erie and Atlantic & Great Western securitiesare
seems but little reason to disbelieve in a very easy money market
also flatter, but United States Government securities and the first
during the summer months. Promoters do not dream of introduc¬ mortgage bonds of the principal American railway companies have
ing new schemes to public notice, and the revelations made before remained firm, and have experienced a further improvement. The
the Committee on Foreign Loans, increase the timidity of the amount of business in progress has been far from extensive.
The weather has been fine, and the accounts received with re¬
public, so that only loans for countries in excellent credit could
just now be brought before the public. There is, however, some gard to the growing crops are favorable. Rain, however,is needed
reason to believe that a slight improvement has been established
in some localities.
The trade for wheat during the week has been
in trade. The traffic returns of our principal railways continue dull and prices have declined to the extent of about Is. per quarter,
satisfactory, and these are usually indicative, to a certain extent, Millers are unwilling to purchase in excess of their actual require,
of our commercial prosperity. A cautious policy is nevertheless ments, as with fine weather and with a favorable prospect for next
being pursued, and at present there seems to be but little probabil¬ harvest, prices are likely to tend downwards. The Continental
markets are reported as very quiet.
ity of any departure from it.
For some time to come all evidence points to easy money, and
The following figures show the imports and exports of cereal
in many quarters the impression prevails that the bank rate will produce into and from the United Kingdom since harvest, viz.,
have to he reduced to 3 per cent, at which point it is likely to from September 1 to the close of last week, compared with the
remain during the summer months. There is no rapid absorption corresponding period in the three previous years :
Penang
Singapore
unemployed money, and if we have another
good harvest—which seems probable—the accumulation of money
in this market will he very great. In what manner it will be
of
our
supplies of
moment a question
quotations for money are now as follows :
absorbed, is at the present
The
Percent.
Bank rate
Open-market rates:
30 and 60 days1 bills
3
3
3 months1 bills
difficult to solve.
4 months1 bank
3tf
6 months1 bank
4 and 6 months1
©3tf
@3*
banks and dis¬
Per cent.
2tf@....
2tf@...
2%@ ...
Joint-stock banks
Discount houses at call
Discount houses
Discount houses
with7 days1 notice
with 14 days1 notice...
Percent.
3tf@8tf
3,tf@3%
bills.
trade bills. 4 @4#
allowed by the Joint-stock
houses for deposits remain as under :
The rates of interest
count
bills
2%@....
Annexed is a statement showing the present position of the Bank
of England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40 Mule yam fair second quality,
and the Bankers’ Clearing House return, compared with the
four
previous years:
1871.
..
1872.
£
£
including
bank post bills
25,422,560 26.308,250
Public deposits
8,575,H06 9,937,735
Other deposits—
19,717,590 19,255,287
Government securities. 12,968,741 13,306,087
Other securities
19,932,767 23,355,960
Reserve of notes and
Circulation,
Coin..
13,655,640
1873.
1874.
1875.
£
£
£
26,626,416 27,143,750
5,485.113
12,761,007 14,563,122
19,308,520 17,993.930 17,713,869
13,588,116
13,380^963 13,803,274
25,808,475 26,432,169 18,400,377
26,563,803
10,632,865 10,994,397
10,393,818
s.
silver.
96tf
9,180,76
IMPORTS.
1873-4.
1874-5.
cwt. 24,158.525
Wheat
28,310,696
d.
27,365,719
11,085,879
6,554,249
6,266.982
9.965,200
6,294,151
6,248,527
702,039
2,966,986
10,274,253
4,392,197
8
922.910
9,422,596
Barley
1871-2.
1872-3.
30,556,815
1,721,180
13,379,665
Oats
Peas
Beans
5,700,933
1,111,371
1,658,648
Indian Corn
Flour
4,640,982
534,845
2,874,151
12,534,202
4,699,678
2,170,280
168,621
11,761
11,810
5,997
1,223
2,047,713
EXPORTS.
Wheat
....cwt.
Barley
Oats
Peas
:
Beans
Indian Corn
-
.
..
173,090
1,615,910
49,049
16,355
1,661
71,831
9,585
2,256
99,262
168,761
41,923
229,117
974,153
25,679
14,634
14,389
83.687
7,420
6.001
20,647
48,522
100,793
43,885
In the manufacturing districts business has been very quiet. A
report from Manchester states that the market for cotton goods
been inactive in all sections.
Sellers do not press for business,
still where stocks are held offers are more freely met. No.im¬
provement has occurred in the India and China trade.
having already fully supplied their wants, are not
enter into fresh contracts in the present condition of those mar¬
The home trade inquiry is also unsatisfactory. Yarns,
kets.
whether for export or home consumption, have met with compar¬
Flour
has
Merchants
disposed to
slightly better to buy
been for limited
quantities. Home trade qualities have been in poor request;
quotations nominally remain unaltered, but in case of a/ttualoffeW
spinners are somewhat easier to deal with, Goods of all descrty'
atively small inquiry. China water twist is
for the continent; the orders have merely
May 15,
THE CHRONICLE.
137 5.J
slowly. In the better grades of shirtings little inquiry
transpired. The commoner sorts have been less called for ;
the quotations, however, keep moderately firm. Printing cloths
in diminished demand, and values barely maintained. In long
cloths, T cloths, and Mexicans, the business done has been small.
The transactions have been of small bulk, and prices, when fairly
tested, have favored buyers. From Leeds, we learn that there has
been more speculation amongst the buyers in attendance at the
Cloth halls, the parcels transferred having been more numerous
and bulky than for some time past. The principal purchases have
been on account of houses at a distance, including Dublin, Glasgow*
London, Manchester, Huddersfield and Bradford. The goods in
request have been chiefly coatings, tweeds, Meltons, and other
light fabrics, all of which have realized firm rates. There is
altogether a better tone in the market, and appearances are favor¬
able to a good trade being done for some weeks to come. Orders
on Whitsuntide account are more plentiful, and the
approaching
visit of the Duke of Edinburgh has a tendency to stimulate cloth¬
iers in providing additional attractions for their customers.
The
warehouses and ^shipping branches are
more active,
and
manufacturers rather busier. With regard to the trade of Dundee*
tions move
has
it is stated that there is
trade.
no new
feature to notice in the state of the
(including £150,000 fortifications); and the estimated surplus
£246,680 13s. 6d. In 1871-2 the total income was £74,708 314
13s. Id.; the expenditure £71,490,020 6s. 5d
(including £370,000
fortifications); and the certified surplus £2,848,294 6s. 8d. In
1872-73, the total income was £76,608,770 5s. Id.; the expendi¬
ture £70,714,448 4s. 8d.
(including £308,000 fortifications and
localization of military forces); and the certified surplus £5,586,822
0s. 5d. Iu 1873-4 the total income was £77,335,656 17s Id.; the ex¬
penditure, £76,466,510 2s. 4d. (including £500,000 fortifications and
localization of military forces); and the certified surplus £369,146
14s. 9d. In 1874-75 the total income was £74,921,872 14s. Id.;
the expenditure, £74,328.039 13s. 3d.
(including £600,000 fortifi¬
cations and localization of
military forces), and the certified sur¬
plus, nil.
Bugllah market Reports—Per Cable.
The daily
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by cable, as shown in
the
following
summary:
London
Money and Stock Market.—United States 6s, 1867,
are J lower than at the close last
Friday, while new 5s are £
higher; 10-40’s fell off £ on Tuesday, but advanced agaiu to 104
to day.
The bullion iu the Bank of
England has increased £176,000
during the week.
Fair
Sat
Mon.
Tnes.
Wed.
inquiry for flax, especially of good and medium qual
Thur.
Fri.
Consols for money
94
91
93%
93%
94%
94%
Jute quiet, and little doing in the
account
93%
91%
93%
94%
94%
04%
106
106
106
106
106
article on the spot.
1865,old.. 106
Flax yarns move off slowly, as also fine tow a. 8. 6s (5-20s,)1867
109%
109%
109%
109%
109%
109%
104
104
yarns, but common sorts as well as jute yarns are dull inpriceand U. S. 10-408
104
103%
103%
103%
New 5s
102%
102%
102%
102%
102%
102%
demand. Linens are less active.
The trade of Nottingham has
Tbs quotations for United States 6s (1862.) at Frankfort were:
been steady, without material variation in price.
U. S. 6s(5-20e) 1862
In reference to the state of the iron trade, a report from Middles99%
99
Liverpool Cotton Market.—See special report of cotton.
borougli says that a decidedly improved tone was perceptible.
Liverpool Breadstuff s Market.—The bread stuffs market closes
Buyers and holders alike evidenced the improved feeling with
regard to trade. Pig iron was firmer at 57s. for No. 3, and business quiet, with corn and peas lower.
Sat.
Mon.
Tues.
Wed.
Thur.
Fri.
was done.
Forge qualities varied from 55s. to 56s. per ton, net
s. d.
s.
8. d.
d.
8. d.
s, d.
8* d*
21 0
21 0
21 0
21 0
21 0
#bbl 21 0
cash. More inquiry was made for rails at £7 per ton. Not much Flour (Western)
Wheat (Red W’n. spr).$ ctl 8 0
8 0
8 0
8 0
8 0
S 0
new business was done, but some large contracts are expected on
9 0
9 0
9 0
9 0
(Red Winter).... “90
9 0
9 2
9 2
9 2
9 2
(C.il. White club) “92
9 2
colonial account.
Ship plates continue steady. Puddled bars Corn (W. mixed) # quarter 84 3
34 0
33 9
33 9
83 9
33 6
42 0
42 0
42 0
42 0
41 6
unchanged from £5 per ton. Coals were in better demand, and Peas(Canadian). .$ quarter 42 0
Liverpool Provisions Market.—Pork and lard are lower than
prices tending upwards, the award of 5 and 4 per ceEt reduction
last Friday, while bacon shows a gain of 3d.
to different classes of the Durham coal trade being less in extent
than anticipated.
Tues.
Sat.
Mon.
Wed.
Thur.
Fri.
Coke 6d. per ton dearer.
s.
s. d.
s. d.
s. d.
8. d
s. d.
d.
Owing to the fall in the price of iron, Messrs. T. Richardson & Beef (mess) new $ tee
72 6
72 6
72 6
72 6
72 6
72 6
74 6
74 6
74 6
74 6
74 6
75 0
Sons have been compelled to suspend payment. The liabilities Pork (mess) new tthbi...
51
Bacon (jong cl. mid.)P cwt 51 0
0
51 0
51 0
M 0
51 3
are estimated at
£280,000, and the assets consist of stock in- Lard (American)
66 6
66 4
66 6
66 6
66 3
“
67 0
71 0
71 0
71 0
Cheese (Araer’n fine) “
71 0
71 0
71 0
trade and premises valued at £240,000.
It was considered desira
ble to carry on the business, for which £1,500 weekly was requir¬
Liverpool Produce Market.-—Spirits turpentine has fallen off
6d. during the week.
ed.
ities.
Tows in little demand.
“
“
“
...
on
“
“
...
Sir Stafford North cote’s National Debt (Sinking Fund) Bill has
been printed. It provides that there shall be a permanent annual
charge of £28,000,000 for the National Debt. The annual charges
payable out of this permanent charge are set forth in the bill, and
it is provided that the surplus shall be applied as a new sinking
fund to reduce the debt.
An
annual
account
of income and
expenditure is to be published, and any surplus of income over
expenditure is to be applied to the reduction of the debt. A
return obtained by Mr. Childers has been issued, “ showing the
estimated amount of stock to be purchased in each year, from
1875-6 to 1904-5 inclusive, under the operation of the plan apply¬
ing a fixed sum of £28,000,000 annually to the interest and reduc¬
tion of the National Debt.” From this return it appears that the
total amount of stock to be purchased in the ten years ending
1884-85 is £6,795,000; and the additional amount to be purchased
out of the surplus revenue, by life annuities, etc., is £13,073,000,
making a total of £19,868,000. In the thirty years ending 1904-5
the total amount of stock to be purchased from the £28,000,000 is
£192,485,300, and the additional amount, £39,219,000, or a total of
£231,704,300. Another return, also obtained by Mr. Childers, has
been issued “of the total public income and expenditure of the
United Kingdom, according to the actual receipts and issue at the
Exchequer, during each of the ten years ended March 31, 1866,
to March 31, 1875, inclusive, and of the surplus of income above
expenditure for each such year, certified during the following
quarter by the Treasury to the National Debt Commissioners, as
prescribed by the Acts 10 Geo. IV., cap. 27, sec. 1. and 29 and 30
Vic., cap. 39, sec. 16.” This return shows that in the year ended
March 31,1866, the total public income was £67,812,292 4s. 6d.,
the total public expenditure was £65,914,356 13s. 3d. (including
£560,000 for fortifications); and the surplus certified by the
Treasury to the National Debt Commissioners was £1,337,935 11s,
3d. In 1866-7, the total income was £69,434,567 15s. 9d.; the
total expenditure was £66,780,395 18s. 6d. (including £450,000
fortifications); and the certified surplus,£2,204,171 17s. 3d. In
1867-8, the total income was £69,600,218 4s. Id.; the expenditure,
£71,236,241 17s. 7d. (including £530,000,000 fortifications); and
the certified surplus, nil. In 1868-9 the total income was £72,591,991 12s. 8d.; the expenditure £74,972,816 2s. 9d. (including
£525,000 fortifications); and the certified surplus, nil. In 186970, the total income was £75,434,252 10s. 6d.; the expenditure,
£68,864,751 19s. 6d. (including £200,000 fortifications); and the
certified surplus, £63,695,000 11s. In 1870-71, the total income
:
was
Sat.
s. d.
Rosin (common)... #cwt..
“
6
5
5
«
6
18
0
41
87
25
a.
5
18
18
8
9
0
6
41
37
25
8
9
0
6
5
6
0
9%
9%
“
9%
?%
8
•
41
37
25
6
0
S
9
41
37
25
9
0
6
0
6
London Produce and Oil Markets.—At a late hour lost Friday
whale oil fell off £1, and linseed oil gained 3d, beyond which
there have been no changes to note.
Wed.
d. £ 8. d. £ 8. d.
Llns’dc’ke(obl).fl tn 12: 0 0 12 0 0 12 0 0
Linseed (Calcutta)....
58 0
59 0
58 0
8
8ugar(No.l2D’chstd)
24
on spot, $ cwt
Sperm oil
$ tun.110 0
Whale oil
“
35 0
25
Linseed oil...cwt.
24
0
0 110 0
0 35 0
25
6
24
0
0 110 0
0 35 0
25
6
8.
0
24
0 110 0
0 35 0
25
6
FrI.
Thur.
d. £ 8. < i.
12 0 0 12 0 0
55 0
58 0
£
0
24
0 110 0
0 35 0
6
25
£
8.
d.
0
0 110
0 35
6
0
0
52
12
0
24
0
0
25
0
0
0
6
(Eiommcrctai anb JHtsceUanrous Nrtus.
Imports and Exports for the Week.—The imports thin
week show a decrease in dry goods and an increase in general
merchandise. The total imports amount to $8,567,835 this week,
against $4,744,842 last week, and $6,877,943 the previous
week.
The exports are $3,908,621 this week, against $4,964,837 last
week and $3,902,249 the previous week. The exports of cotton,
the past week were 4,129 bales, against 8,954 bales last week.
the imports at New York for week ending (for
dry goods) May 6, and for the week ending (for general mer¬
chandise) May 7:
The following are
rORKlftN IMPOSTS AT NSW TORS TOR THS Will.
1872.
1873.
1874.
1875.
$1,286,754
$1,417,735
$1,605,170
6,962,665
Dry goods
General merchandise...
$2,966,339
Total for the week..
$10,190,875
$6,387,412
$6,515,037
Previonsly reported....
153,197,627
156,837,735
144,711,176
Since Jan. 1
7,224,536
$163,388,502
5,100,688
$163,225,177
5,097,302
our
The
following is
the imports of
of the exports (exclusive of specie)
York to foreign ports, for the week ending
a statement
from the port of New
$8,567,835
124,616,858
$151,226,213 $133,184,688
report of the dry goods trade will be found
dry goods for one week later.
In
£69,945,220 10s. 2d,; the expenditure £09,548,539 12s, 2d, May 11:
5
18 0
“
(Ine)
18 0
PetroleuaiC refined).... #ga!
0%
9%
8
(spirits)
“
8
41 9
rallow(American)...# cwt. 41 9
87 0
Cloverseed (Am. red).. “
37 0
26 0
Spirits turpentine
“ 26 0
Fri.
d.
Thur.
8. d.
Wed.
s. d.
5 6
18 0
Tues.
s. d.
Mon.
s. d.
EXPORTS PROM NEW YORK FOR THE
WfEK.
bonds of the company due Nov. 1 will be received at 100|
and interest, in payment for the same.
—We are pleased to announce the recent formation of the firm
of Messrs. Walsh, Thomson & Co., who have entered into a
currency
1872.
1873.
1874.
1875.
$4,322,712
$5,998,713
$4,454,367
$3,908,621
72,836,423
For the week
[May 15, 1875.
CHRONICLE.
THE
468
94,641.825
96,245,837
81,236,344
$100,700,204
$85,144,965
Previously reported....
copartnership for the transaction of a cotton brokerage business.
The senior of the house, Mr. Charles Walsh, for many years a
The following will show the exports of specie from the port of
resident of Mobile, Ala., has associated with him in the general
New York for the week ending May 8, 1875, and since the
management of the business Messrs. Charles Walsh, Jr., and
beginning of the year, with a comparison for the corresponding Arthur Thomson, both of whom are old members of the New
date in previous years :
York Cotton Exchange, and who will give particular attention to
May 4—Str. Lessing
Hamburg
American coin and $478,599 the purchase and sale of contracts for future delivery of cotton.
silver bars
As will be seen by reference to their card in another column, the
May 5—Str. Cuba
American coin and
Liverpool
silver bars
1,191,033 offices of the firm are at Nos. 65 Stone and 5 South William
Havana
May 6—Str. Crescent City
American and Spanish
gold coin
250,350 streets, directly opposite the Exchange.
—In our notice last week of the newly elected officers of the
May 6-Str. Holsatia
Paris
American coin and 984,100
silver bars
National Trust Company, of New York, we omitted to mention
May 8— Str. City of Paris
Liverpool
American coin and 254.700 the name of Mr. J. C. Cruikshank, Secretary. Mr. Cruikshank
silver bars
May 8—Str. Adriatic
Liverpool
American gold coin.... 365,000 for three years has been connected with the company, and for
Havre
American gold coin and 146,570 some time past has ably filled the position of secretary.
May 8—Str. Main
silver bars
—The Atlantic & Pacific Railroad Company holds the annual
Total for the week
$3,670,352 meeting of its stockholders at the office of the company, No. 3
Previously reported
.- .r
23,183,975 Broad street, on Thursday, May 20 next, at 11 o’clock A, m. The
transfer books close on Saturday, May 8, and reopen Friday, May
Total since January 1, 1875
$26,854,327 21.
Same time in—
[
Same time in—
—Messrs. Rollins Brothers, No. 41 Pine Street, are offering the
1874
$11,340,341
$13,758,540 | 1869
1873
19,079,003 I 1868
25,849,903 new seven and three-tenths percent Cincinnati bonds to investors
11,161,343
14,827.433 1867
111Kia/,Q at market price. These securities have been noticed previously
1872
8,200,711
1871
28,026,292 1866
in our columns, and are held in considerable esteem by investors.
1870
9,490,414
The imports of specie at this port during the past week have
BANKING AND FINANCIAL.
been as follows:
$77,159,135
Since Jan. 1
$100,640,538
r
,
.
Silver
$4,724
1,232
Silver
Silver
Laguayra
May 3—Str. Claribel
600
Gold.
May 3—Str. City of Havana.. .Vera Cruz
Savanilla
May 6—Str. Andes
.
._
Same time in-
$1,486,638
1,657,739
....
640,021
3,009,745
1872
1871
Panama & Pacific Mail.—The
and the contract which was to have
110,408
companies have again disagreed
been finally executed this week,
Bonds.—The county court of St.
10, $500,000 six per cent gold bonds
years,to Kohn & Co.,bankers, of St.
Louis
of the
Louis,
bondholders of
by
A
this road, Eastern and Western Divisions, are requested
a
notice to call at the office of Messrs. JacqueliD & De Coppet Bros.,
No. 19 New street, New York, to consider measures for protect¬
ing their interests.
Bliss & Co. have
$4 ,000,000 6 per cent gold
I
Interest Payable
and will receive
COMPANY,
TELEGRAPH
1st March and 1st September.
Principal, 1900.
BLISS & CO. invite subscriptions for the above bonds,
Messrs. MORTON,
proposals until Thursday, the 25th day of May, at noon, to
purchase any part of
the same, reserving a minimum price of 97# per cent^
and accrued interest,
below which no offers will be accepted.
they reach the amount of $2,000,total of $4,000,090, the $2,000,000 first subscribed
in full and the balance pro rata.
Subscriptions to become binding as soon as
000; and if they exceed the
shall be allotted
This issae has been
authorized for the purpose of providing means to redeem
bonds of the company
maturing Nov. 1 next, amounting to $4,448,900, and will
he included in any mortgage
that the company may make in the future, the
event exceed $6,000,000.
On the
brought out an issue of
bonds of the Western Union Telegraph
Company, interest payable March 1 and Sept. 1, and the principal
in 1900.
This issue has been authorized for the purpose of
redeeming $4,443,900 bonds of the company maturing Nov. 1 next,
and will be included in any mortgage that the company may here¬
after make, the amount of which shall in no event exceed $6,000,000.
The Western Union Company has a large amount of assets,
redemption of the foregoing $4,448,900, the only
besides the
present issue will be $1,500,000 Seven per
bonded debt
cent Gold Building
Sterling Bonds ; and the total interest on
gold, or at 115 per
leaving a margin on last year’s net earnings of
Bonds, issued in 1872, and £206,000
the
company’s debt, including this issue, will be $405,000,
cent, gold, $465,750 currency,
$2,610,910, in excess of expenses
The company
and
Vermont & Canada.—The hearing on the injunction bill
brought by individual stockholders of the Vermont & Canada BE.
Company, to restrain its officers from executing a portion of the
papers ratified at the stockholders’ meeting at Bellows Falls, April29, took place before Chancellor Barrett, at Woodstock, Vt., May
12. The case was fully represented, and decision reserved.
—Messrs. Morton,
UNION
amount of which shall in no
yield.
Toledo Peoria & Warsaw.—First mortgage
-
WESTERN
$5,170,146
$6,888,327
8,610,041
2,826 330
1,025,521
Company will pay no part
the stipulation in coin, and
the Panama Company demands that at least one half shall be so
paid. The Panama Company demands a large proportion of the
receipts from the banana traffic, and the Pacific Mail Company
will not grant this.
Officers of both corporations say they are
St. Louis County
county awarded, May
county, to run twenty
at 100.76.
OP THE
$176,536
5,593,610
has not been signed.
The Pacific Mail
of the monthly payment provided by
determined, and will not
$1,000 Each,
51,611
Previously reported
1870
1869
1368
1867
Of
700
1
1875
$4,000,000 SIX PER CENT GOLD BONDS
1,530
Gold
Havre
May 6—Str. Amerique
May 8—Schr. Marcia Reynolds.Porto Cabello.Gold
Total since Jan. 1
Same time in1874
1878.
OF
5,739
Gold
Silver bullion.
Total for the week
ISSUE
and interest charges.
has in operation 72,500 miles of line, with
177,500 miles of wire,
upward of 6,000 stations.
The
now
capital stock is $41,073,410, of which the company
has in its treasury
has purchased and
$7,287,735, leaving the outstanding share
capita1
$33,785,675.
The
earnings of the company for 1874 were $9,530,745,
660, bein? an increase
over
the year
and the profits $3,076,-
of $248,715 of grosi receipts, and of $811,643 of
profits
1873.
Besides the Western Union
stock, the company owns $1,038,400 of the capital
which owns and operates
land lines in Florida, and submarine cables between Florida, Key West, and
Havana, Cuba; also $1,173,500 of the Gold and Stock Telegraph Company’s
stock of the
International Ocean Telegraph Company,
stock.
The payment for the new bonds, when allotted, will he due June 1, and the
might pursue the policy of selling these and applying the
proceeds to the payment of tlie maturing bonds. The company, currency bonds of the company, due Nov. 1 next, will be received at 100# and
however, considers it the best economy to keep its assets which interest in payment for the same.
are
steadily increasing in value, and to issue a six per cent
New York, May 8, 1875.
gold bond with which to take up the -maturing sevens.
The gross earnings of tlie company for 1874 were $9,530,749,
RAILROAD BONDS.—Whether yon wish to BUY or SELL, write to
and the profits $3,076,660, being an increase of $248,715 in
HASSLER & CO., No. 7 Wall street. N. Y.
gross receipts and $841,643 in profits over the previous year.
The net profits for 1874 were thus $2,610,910 in excess of all
STOCKS
interest charges.
There seems to be a standard for the price of Dealt in at the New York Stock Exchange bought and sold by us on margin of
the new bonds of the'eompany in the prices of the old bonds, and five per cent.
PRIVILEGES
the latter are selling at 100£.
A 6 per cent gold bond is gene¬
Negotiated at one to two per cent from market on members of the New Yorx
rally considered now to be just about equivalent to a 7 per cent Exchange or responsible parties. Large sums have been realized the past 30
currency, and preferable to the latter so far as their acceptance in
days. Put or call costs on 100 shares
$106 25
the foreign markets is concerned.
Subscriptions will be received
Straddles $250 each, control 200 shares of stock for 30 days without further
at the banking-house of Messrs. Morton, Bliss & Co., Drexel
risk, while many thousand dollars profit may he gained. Advice and informa¬
Building, until the 25th of May, at noon, but no proposals at less tion furnished. Pamphlet, containing valuable statistical information and
than 97£ per cent and accrued interest will be entertained.
are conducted sent
Sub¬ showing how Wall street operations FREE
scriptions will become binding as soon as they reach the amount To any address. Orders solicited by mail or wire and promptly executed by
of $2,000,000 and if they exceed the total of $4,000,000 the us. Address,
TUMBRIDGE & CO., Bankers and Brokers
$2,000,000 first subscribed will be allotted in full and the balance
No. 2 Wall street, N. Y.
pro rata. Payment for the new bonds will be due June 1, and the
and
„
May 15, 1875]
THE CHRONICLE
Hankers’
atije
<$.a?*tte.
Int.
NATIONAL BANKS ORGANIZED.
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
2,153—Hatboro National Bank, Pennsylvania.
Authorized capital, $05,000;
I. Newton Evans, President; S. Carey Ball,
Cashier. Authorized to commence business May 4, 1815.
2,254—First National Bank of Prairie City, Illinois. Authorized capital,
*50,000; paid-in capital. $30,000.
Henry W. Kreider, President;
James H. Wilsou, Cashier. Authorized to commence business May
6, 1875. :
255—Orange National Bank, Massachusetts. Authorized capital, $100,000;
paia-in capital, $50,000. Damon E. Cheney, President; James H.
Waite, Cashier. Authorized to commence business May. 10, 1875.
2 256—Farmers’ and Mechanics’ National Bank of Mercer, Pennsylvania.
Authorized capital, $80,000; paid-in capital, $40,000. B. Magoffin, Jr.,
President;
Cashier. Authorized to commence business May
11,1875.
paid-in capital, $45,800.
.
,
dividends.
The following Dividends have recently been announced
Per
Company.
Cent.
Railroads.
Cincinnati & Baltimore
Northern (N. H.)
'
The
4
$3 50
Money Market and
:
Week
P’ablb.
May
Books Closed.
(Days inclusive.)
1
June
469
1
Friday, May 14, 1875—6 P. M. .
Financial Situation.—Money
has continued easy at the low rates
ment securities strong and pretty
previously quoted ; govern¬
active ; railroad bonds less
active and generally lower ; stocks dull and depressed ; gold up
to 116i to-day; exchange reduced to 4.87£ for prime 60 day8
sterling—the first change in three weeks.
The money market remains without essential change, with 2}
to 3^ per cent as the range of quotations on call loans to all good
borrowers either on stock or government collateral.
Money is
offered on time loans of three and four months, with government
collateral, at about the same price as on call. Commercial paper
is in sharp demand for prime grades which are quoted at 4 to 5-Jper cent, and even at these low rates the supply of paper is much
below the demand.
On
Thursday, the Bank of England report showed a gain of
£176,000 in bullion for the week, and the minimum discount rate
was left unchanged at 3^ per
cent.
May
period.
May
May
8.
10.
May
11.
12.
-
r eg.. Jan. & July. •122
6s, 1881
6s, 1881
coup. .Jan. & July. 124
6s, 5-20’s, 1862
reg. .May & Nov. ♦116*
6s, 5-20’s, 1862.... coup., May & Nov. ♦116*
6s. 5-20’s, 1864
reg. .May & Nov. 118
6s, 5-20’s, 1864
coup. .May & Nov. •118
6s, 5-20’s, 1865
reg. .May & Nov. ♦119*
6s, 5-20’8,1865
coup. .May & Nov. ♦119*
6s, 5-20’s,1865, n. i., reg. .Jan. & July. •121*
6s,5-20’8,1865 n.i.,coup. .Jan. & July. 122
6s, 5-20’a, 1867
reg. .Jan. & July. *122
6s, 5-20’s, 186?
coup. .Jan. & July. 123*
6s, 5-20’s, 1868
rep. .Jan. & July. *122*
6s, 5-20’s, 1868
coup .Jan. & July. *123*
5s, 10-40’8
reg. .Mar. &Sept. 116*
5b, 10-40’s
..coup. .Mar. & Sept. ♦117*
5s, funded, 1881
reg ..Quarterly. 116*
5s, funded, 1881, ..coup.
Quarterly. *116
6s, Currency
reg. Jan. & July. 123*
...
*
May
May
14.J
13.
122* 122* 121* 121* 122
128* 123* *123* *128* *1*3*
♦116* ♦116* •116* ♦116* *116*
116* 116* 116* ♦116* *116*
♦117* ♦117* 117* ♦117* *117*
118
118
118
*117* 118
♦119* 119* *119* ♦119* *119*
119* *119* *119* ♦119* *120
♦121* ♦121* •121* *121* *121*
122
121* 121* *121* *121*
122* 122
122* 122* 122
♦123* 123* 123* *128* 123*
♦122* ♦122* 122* *122 *122
*123* 123* 123* 128* 123*
116* ns* 116* *116* 116*
117* ♦117* ♦117* 117* 117*
115* 116* *116
116* *116
116
*115* 116* *116 *116
123* 124
123* 123* 124
This la the price bid ; no sale was made at the Board.
Th6 -ange in prices since Jan. 1, and the amount of each class
of bonds outstanding May 1, 1875, were as follows:
ON.YPac,gold
<—Range since Jan. 1.Lowest.
Highest
118
Jan.
122* May
124
118* Jan.
May
114* Jan.
118* Apr.
6s, 1881
reg.
6s, 1881
coup.
68,5-20’s, 1862
coup
6s, 5-20’s, 1864
coup.
6s, 5-20’s, 1865
coup.
6s, 5-20’s, 1865, new,coup.
6s, 5-20’s, 1867
coup.
6s, 5-20’s, 1868
coup.
5s, 10-40’s
reg.
5s, 10-40’s
coup.
5s, funded, 1881.. ..coup.
6s. Currency
.
116
121
Jan.
118* Jan.
117* Jan.
118* Jan.
118
121%
122*
123*
123*
116*
117*
117*
Jan.
113* Mch.
113* Mch.
113* Jan.
117* Jan.
reg.
>
,—Amount
May 1.—,
Coupon.
$
$193,324,550
89.411.800
3,321,800
82,886,900
26.280.500
32.712.800
33,736,000 118,748,850
58,060,350 144,602,70#
88,600,450 222,022,800
14.162.500
23,811,000
141,435,100
58,131,200
202,281,750 183.594,700
Registered.
7
8
Apr.
Apr.
Apr.
May
May
Jan.
May
Apr.
124* Apr.
64,623,512
Closing prices of securities in London have been
April
May
May
30.
7.
14.
as
follows:
Since Ja a. 1, 1875
,
Lowest.
U. S. 6s, 5-20’s, 1865, old..
U. S.6s, 5-20’s, 1867
U. S.58,10-40’8
105*
106
1C6
109*
103*
109*
109*
104
104
New5s
102*
102*
102*
105* Apr. 22
107* Mch. 19
102* Feb. 13
1U2
Apr. 13
*
Highest.
108* Apr.
109* May
106* Feb.
103* Jan.
9
5
6
S
State and B>ailroad Bonds.—Transactions in State bonds at
the Board have been of moderate volume ; Tennessees, which are
among the most active bonds, have been stronger. District of
Columbia 3-65s close at 74, a decline of only £ from the closing
price of last Friday.
We learn that the funding bonds in
Louisiana have now got up to $3,028,000 and in South Carolina to
$1,950,000.
Railroad bonds have not been as active or as strong as previous¬
weekly statement of the New York City Clearing ly, and some bonds have yielded 1 to 2 per cent in sympathy
House Banks, issued May S, showed a decrease joi $229,300 in with the lower prices of stocks.
There are a number of bonds of
the excess above their 25 per cent, legal reserve, the whole of old roads which are still selling at prices which pay a much
higher interest than 7 per cent per annum, and with the first im¬
such excess being $11,149,175, against $11,378,475 the previous
provement in railroad business which will place such railroads,
week.
in the estimation of investors, in a position beyond the possibility
The following table shows the changes from the previous week of default, a decided advance in such securities may be looked
for.
The following, not often dealt in at public sale, were
and a comparison with 1874 and 1873 :
recently sold at auction :
;
1875.
1874.
1873.
The last
May 1.
May 8.
Differences.
May 9.
May 10.
$5,166,900 $286,503,600 $274,687,900
10,100,000 Inc.
688.200
27,305,500
20,261,600
Loans anadis. $278,253,900 $283,420,800 Inc.
Specie
9,511.800
Circulation....
Net deposits..
Leval tenders.
The
20,784,300
20,488,400 Dec.
295,900
26,922,200
27,523,500
221,062,100
227,873,300 Inc.
6,811,200
236,236,700
202,819,100
57,132.200
58,017,500 Inc.
885.300
55.798.000
41,944,300
law of this
State, just passed, in regard to savings
banks, gives general authority to charter new savings banks after
certain forms and proceedings shall have been complied with, fol¬
new
lowing the precedent of chartering banks of discount andN deposit,
insurance companies, &c.
The Albany Argus says ;
This law limits the
deposits in the name of any one individual to $5,000,
depositors to six per cent per annum. It
permits a surplus fund to be accumulated amounting to 10 per cent of the
deposits, after which all the net earnings are to be divided among the deposit¬
ors.
It determines how the deposits are to be invested, that is, in bonds and
mortgages on real estate, in United States and New York State stocks, in
stocks of other States which have not defaulted in payment of principal and
interest within ten years; in city, county, village and town bonds of this
State; and in real estate and buildings necessary for the convenient transac¬
tion of their business, limiting such investment to 50 per cent of their sur¬
plus.
It prohibits them from loaning their deposits upon notes, bills of
exchange, drafts, or any other personal securities; or deal or trade in mer¬
chandise or wares ; or buying or selling exchange, gold or silver; or collect¬
ing or protesting promissory notes. Their surplus and available funds mus.
be invested in or loaned on the same kind of securities as their deposits.
They are to report once a year to the Superintendent of the Banking Depart¬
ment n full statement of the previous year’s transactions.
It is made the
duty of the Superintendent to examine each savings bank once in two years,
or at any time when circumstances seem to
require it, and to exercise a gener¬
al supervision over their affairs.
Banks of discount and deposit are prohibited from advertising themselves
as savings banks under penalties.
Their directors may be trustees.
All existing savings banks are require ! to conform their several charters to
the provisions of this law, but their present investments are protected.
and the interest to
United
be allowed to
States
Bonds.—Government
securities
have
still
been in active demand, and the floating supply of bonds in this
market is much reduced.
Prices are firmly maintained and are
sensitive
the
development of any large demand, which accounts
purchasers for the foreign markets have been
unable to obtain any considerable lots. The London market
keeps close to our own, but the rising prices here have prevented
the filling of orders to any important extent.
A variation in
prices of bonds, or of gold or exchange, which should give the
opportunity for purchases here at a reasonable profit, might be
followed by considerable shipments, as there is now a decided
inquiry for our bonds in London.
Closing prices daily have been as follows:
on
for the fact that
Prices.
$20,000 St. Joseph & Denver City Railroad Co. (Western Division) 1st
mortgage sinking fund land grant, 8 per cent gold bonds, due
May 1,1900
15-14*
$5 000 Mobile & Montgomery Railroad Co. 1st mortgage 8 per cent gold
bonds, indorsed by State of Alabama, due May 1,1900
46
$10,000 Elizabeth & Paducah Railroad Co. 1st mortgage 8 per cent bonds 23
$10,000 Evansville Henderson & Nashville Railroad Co. 1st mortgage 7
per cent bonds...,
50
$10,000 Kansas Pacific Railroad Co. land grant 1st mortgage 7 per cent
gold bonds, due May 1, 1899
78
$10,000 Monncello & Port Jervis Railroad 1st mortgage 7 per cent gold
bonds, due Jan. 1, 1890
9
$5,000 LoganBp rt Crawfordsvide & Western Railroad Co. 1st mort¬
gage 8 per cent gold bonds, due August!, 1900
23
$200 Northern Pacific Railroad Co. 7 per cent interest land warrant
bonds, due 1879
$2,000 Northern Pacific Railroad Co. 1st mortgage 7 3- 0 per cent gold
bonds ,due 1900
$9,000 City of New Orleans 7 per cent bonds, due 1895
$1,000 City or Mobile 8 per cent bonds, due 1879, Jan.. 1876, coupons on
$2,000 Columbus & Hocking Valley Railroad first mortgage 7 per cent
currency bonds, duo Oct. 1, 1897 .
$1,500 Marietta & Cincinnati first mor gage 7 per cent currency bonds
$84,000 Paris & Danville Railroad 1st mortgage 7 per cent gold boDds...
$9,000 Burlington Cedar Rapids & Minnesota Railroad Co. (Muscatine
Western Extension) 1st mortgage 7 per cent gold bondB
$6,000 Burlington Ce 'ar Rapids & Minnesota Railroad Co. (Pacific
Division) 1st mortgage 7 per cent gold bond-.
$10,000 New York & Housatonic Railroad Co. 1st mortgage 7 per cent
gold bonds
100 shares
People’s Gas Light Company of Albany
$3,000 Houston & Texas Central Railroad Co. 1st mortgage land grant
sinking fund 7 per cent gold bonds (main line)
19*
19*
35
30
92*
106*
24
28
25
18
45
82
Daily closing prices of a tew leading bonds, and the range
since Jan. l.have been as follows:
6sTenn., news...
6b N. Car.,old
6s N. Car.,new...
6s Virg., consolld
do
6s S.
May
8.
51
C., J. & J...
bonds
C.&H. 1st 7s
10.
51
*20*
•ii
*60*
2d series. *40*
6s Mo. long
May
•38
*10
*60*
May
12.
*50*
*20*
*50*
21*
*11*
*60* *
*40* *40*
34
101* »101*
116* •116*
6s... »:02* ’102*
i Un Pac.. 1st 6s... 1*0* 100*
*33
RoCj£lsldl8t 78...
gold 7s
109* »109*
87*
87*
*60
*41
*33
May
May
13.
14.
50*
*21
*117
102*
100*
97*
92*
109*
87
*50*
•21
*11*
*60*
•6i"
*42
•33
*42
33
102*
98
L’d Gr’t7s •97
do
92
do
S.F. 8s..
92*
*106
*106
Erie 1st M. 7s
107
N. J. Cen. 1st 7s.. *113
*113*
Ft Wayne 1st 7s. *111 * ’ll’.* *111
C. & N.W.
May
11.
-Since Jan. 1——
Lowest.
Highest
Jan. 27 55* Jan
44
20
Mch. 27 29
Jan.
16
Jan.
7 16
Jan.
55* Jan. 26
36
80
Mch. 23
Mch. 20
102* 102* 94* Jan. 14
*116
*116* *116* 111* Jan. 18
102* 102* *102* 92* Jan. 6
Jan. 6
100* 100* 100* 90
98
97* *97* 90 Jan. 8
92 t
92* •92*
80* Jan. 5
106*
106* 104 Jan. 11
112
•111* 107* Feb. I
*112
Ill
112
HI* 106* Jan. 7
109* *109* »ioa* 105 Jan. 5
86* *36*
S6* 79* Mch. 1
.
60* Apr.
41
fcpr.
35
Jan.
102* May 13
116* May 8
103*
101*
100*
94*
107*
May 4
Apr. 30
Mch. 8
Apr. 24
May
6
115
112
Apr.
9
May 12
109* May 5
87* May 10
madsaithe Board.
Railroad and Miscellaneous Stocks.—The stock market
•This Is the once bid. no sale was
has been
depressed, and the prices of nearly all the active list
show
a
1234. 1 5%
THE GBTRONldLE.
470
decline of
more
or
operations of the Gold Exchange Bank each day of the past
The continued dul
less importance.
[May 15, 1875.
in business has prevented aDy rise in prices, and some of rthe
weaker holders who purchased during the late rise have been
ness
week
:
Quotations.
*
Open- Low-High-Clos¬
<
Total
Balances.
«
disappointed at seeing no further advance, and have sold out.
ing.
est.
est.
ing. Clearings.
Gold. Currency
There have also been influences specially affecting several of ihe Saturday, May 8....115% 115% 115% 115% $54,305,000 $1,282,411 $1,512,479
10....115% 115% 115% 115%
Monday,
39,124,000 1,430,338 1,658,726
leading speculative favorites, and through these the whole Tuesday,
11... .115% 115% 115% 115%
650,225
27,119,000
757,576
market. Erie has been unfavorably affected by the reports of
25,764,000 1,023,420 1,392,702
115% 115% 115%
Wednesday,
financial embarrassments, which Lave compelled the company to Thursday,
723,632
20,195,000
115% 115% 115%
690,513
115% 115% 116% 115%
33,817,000 1,744,331 2,036,878
negotiate for the conditional sale of their coal lands to procure an Friday,
advance of money to pay interest.
Panama and Pacific Mail have Current week
$
115% 115% 116% 115% $200,324,000
been unsettled by the disagreement between the companies and Previous week
115% 115
115% 115% 208,446.000 1,278,523 1,499,255
the failure to fign the proposed traffic agreement. Wabash has Jan. 1,1875, to date...112% 111% 117
115%
been depressed by the failure of the stockholders’ meeting at
The following are the quotations in gold for foreign and Ameri¬
Toledo to do anything for the company’s relief. Western Union can coin 7
Fine gold bars
par@%
|4 85 @ $4 39
Telegraph has been subjected to the possibility of the passage of Sovereigns
DimeB and halt dimes.. —63 @—95
3 38 @ 3 92
the underground bill, and also declined on the report that the Napoleons
Five francs
93 @
XX Kr-iehmarks
4 75 © 4 80
95
Francs
7 80
18%@
19
steamer “Faraday” had picked up the lost cable which is to con¬ German X thalers
7 80
Prussian X thalers
English silver
4 80 @ 4 85
nect with the opposition lines.
6 70
Under all these influences prices German Kronen
6 50
Prussian thalers...
70 @
72
4 20
Trade Dollars
98 @ 1 00
;
have fallen off, and in some cases have touched the lowest points X guilders
3 90
1 26
Fine silver bars
1 25
made for several weeks. At the close, however, there was more
Foreign Exchange.—The exchange market has presented
steadiness, and a recovery from the lowest prices of the day.
For the purpose of showing the total transactions of the week few features of interest, and rates (until to-day) were steadily
maintained on a moderate business.
To-day the nominal rates
in the leading stocks, we have compiled the table following:
for prime sterling were changed for the first time since April 23,
Union Ohio &
Lake West’ll Chic. &
Pacific
and the asking prices of leading drawers were reduced to 4.87$
Miss. Wab.
Shore. Union. N’west. Erie.. Pacific.
Mail.
14.b00
3,100
5,800 and 4.904 tor long and short, respectively.
7,600 47,500
Actual business was
11,900
58,100
May 8
4,400
2,500 done as low as 4.SG£ and 4.89J. One cause for the slight reduction
10
4,600 119,800 10,500
22,400
41,500
400
3,600
11
37.900 14,100 70,100
9,900
29,100
20,200
is said to be that the Sub-Treasury is now paying out full weight
6,400
12
3,000 11,900
14.300
2,100 39.500
58,400
13,100
11.300
9,4u0
coin, allowing specie shipments to be made more favorably.
13
11,900
1,900 46,400
30,600
5,400
9,300 47,700
14
9,300
1,700 49,5oO
27,600
50,500
9,300
Quotations are now as follows:
“
"
01
4
,
,.
—
—
- •
—
—
—
—
*
$4
t<
..
!•
..
»(
4 C
..
Total
Whole stock.
165,900
494,665
..200,000
126,400
200,000 150,000
337,856 149,930 780,000 367,450
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
turned
a
glance what proportion of the whole stock has been
over
in the week.
Ralirop.d
earnings for April will be
they make a fair exhibit.
found
another
on
The daily highest and lowest prices have been as
Saturday,
May 8.
H.Y.Cen.&H.R. ux>u 107%
187
Harlem
Brie
29W
Lake Shore.... 70%
Wabash
12%
41 %
Northwest
do
pref. 54%
Bock Island.
105%
St. Paul
86%
56%
16%
Ohio ft Miss... 26%
Central of N.J.MC9
Del., L. ft West 110%
Han. ft St. Jos. 24%
Union Pacific.. 76%
6ol.Chlc.ft l.C. *5%
Panama
152%
West, Un. Tel. 79%
do
pref....
▲t.ft Pac.,pref.
▲t. ft Pac. Tel.
Monday,
May 10
106
106%
13;
«%
105%
87%
57%
16%
27%
119%
24%
77
6%
155
79%
*25%
26% 29%
70% 72
12% 12%
4:% 42
104% 105%
36% 37%
58
16%
26%
108%
119%
24%
«....
6%
76%
152% 152%
79
79%
23% 25
IS
Paolflc Mall.... 43% 44%
103% 103%
▲dams Exp..
American Ex.. 64% 64%
52
United States.. 50
Welle, Fargo.. 92% 92%
42%
*
59
16%
25%
108%
119%
24%
75%
Qulcksllter.,
do
pref.
....
41%
:02
64% 64%
"51
•91
15
*....
SO
43
53
93
105%
135%
11%
41%
54%
1UI%
36%
58%
17%
26
111%
120
24%
74%
5%
141
8*
15%
fock Island
.
Whole year 1874.
Highest.
95% May 19 105% Mch. 11
118% Jan. 7 134% Feb. 18
Lowest.
Dec. 10
67% June 19
18% Dec. 29
34% July
51
Sept.
92% June
31% May
48
May
10% Sept.
21% June
98
99
Jan.
Jan.
22% Sept.
23
June
51%
84%
55%
62%
78%
Jan. 15
Jan. 16
Jan. 16
Jan. 9
Feb. 9
15
10
19 109% Feb.
18 49% Jan.
5 74% Feb.
3 22 Feb.
17 36 Jan.
3 109% Feb.
2 112% Feb.
7 34% Jan.
17 38% Mch.
3 32% Mch.
20 118 Jan.
24 83% Dec.
9
10
9
16
10
10
10
12
30
30
Sept.
9
Apr.
Apr.
10
Aug. 25 20 Nov. 7
22% Apr. 28 36% Nov. 24
8
101
68
14
29
J
uue
29
33% Dec. 21
48
Nov. 27
51% Sept. 30
92% Jan. 13 120 Nov. 13
58% Jan. 2| 65% Dec. 1
Sept. 281 73
69% Jan. 5| 84
60
Feb. 9
Nov. 30
steady in the early part of the
week, and subsequently became stronger, and advanced to-day to
116£, reacting to 115| at the close. The small supply of cash
gold and the continued shipments of coin have apparently been
the principal causes for the higher premium.
Gold loans during
the first few days were made “ flat,” or with a moderate consider¬
ation paid either for carrying or for use; but since then, higher
rates have been paid for use, and to-day the terms on gold loans
were 2, 1, 3, 7 and 4 per cent, per annum and 1-64 and 1-32 per
day for use, and at the^close flat. There have been rumors of the
formation of a new gold clique.
TIiq specie shipments since
Monday have included about $900,000, gold coin, and engage¬
for
ments
to-morrow are
estimated as likely
to reach
$1,500,000. At the Treasury sale of $1,000,000 on Thursday, the
total bids were $4,885,000. Customs receipts of the week have
been $1,890,000.
The following table will show the course of gold and
TJte
Gold Market.—Gold
was
Paris(francs)
Antwerp (francs)
@4.87%
,,
Swiss (francs)
Amsterdam (guilders)
Frankfort (reichmarks)
Bremen, (reichmarks)
Prussian (reichmarks)
5.13%@5.11%
5.13%@5 11%
5.13%@5.11%
41%®
95% 0
95% 3
95% @
95% @
94%
94%@
Hamburg (reichmrks)
94%
94%@
94 %@
94%
94%
94%@
The transactions for the week at the Custom House
Treasury have been
Custom
House
May
Payments.
281,000
Total
345,364 80
367,092 46
294,511 70
1,899,551 34
$1,890,000
Balance.
May 14
RflwYork
750,307 82
497,565 20
418,615 96
423.530 49_
■
438,800 00
531,908 01
$760,316 90
$338,628 84
$757,980 97
864,561 41
$442,188 67
Currency.
Gold.
Currency.
Gold.
614,569 03
439,772 48
8,040,187 45
Balance. May 7
and Sub-
Sub-Treasury.
-Receipts.-
252,000
13
42
95%
95%
95%
95%
follows:
,
Receipts.
$206,000
366,000
491,000
292,000
8
as
days.
@4.90%
4.89%@4.90
4.89 @4.89%
4.86%@4.87
4.86 @4.80%
5.17%@5.16%
5.17%@5 16%
5.17%@5.16 %
41%@ 41%
t
1,332,159 43
458 139 72
376,027 82
1,219,686 80
2,912,911 56
1,783,987 90
2,422,770 64 7,616,622 68 4,108,649 34
56,503,942 70 43,505.4*3 02
54,818 064 00 43,952,876 60
7,169,229 10
City Banks.—The
following statement shows
•A.VKBAGK AMOUNT
OF-
Circula¬
Net
tion.
Tenders. Deposits
Capital. Discounts. Specie.
$257,000
$3,000,000 $10f137.30*‘ $1,384,200 $1,374,3j0 $8,961,000
9,700
301,600
4,092.000
5-9,800
2,050,000 ’ 6^445,000
608.200
446 900
2,603.O( 0
7,617.900
3,000,000
9,077,400
419,000
186.100
.996,500
4,701.900
2,000,000
6,7S6,10j
270.000
83-‘,SOO
3,318,400
130.800
.1,500,000
4.8 3,600
1,200
8,061,800
489.800
2,027.000
10,315.70U
3,000,000
418,500
36(1, 00
2,973,9(0
5.7,900
1,800,000
3,'.*30,110
667,000
7,059,000
2,197.000
1,000,000
6,290,900
718300
242,9(0
288.200
2,0-4.100
1,000.000
8,^8,v(K)
146.400
537,800
1,421,500
600,000
1,760,000
2o3,!00
1,738,000
6,636,400
300,000
8.091,100
444.500
20,700
2,814,8'JO
821,500
1,000,000
8,815,500
460,5(0
283,(00
471,200
2,422.100
1,500,000
4,236.500
20.1.< CO
879,000
95,000
1,736,300
800,000
2,517,000
190,700
21,400
1.044,900
258,500
1 ,823,- 00
600,000
2,100
112,100
903.700
200,000
996,'00
226,600
216.700
651,000
8,0o4,(00
600,000
3,373,000
168.300
41.900
216,200
8589 00
300,000
1,013.300
894.300
268.700
3,9-9,900
1 621,000
2,000,000
4,3.7,300
753.200
861,000
2 603,(00
6,838,800
5,000,000 12,117,500
570.100
3,670,800
8.254,(00 2.144,900
10,000,000
18,833,61)0
690.300
61.900
901,800
8,239,900
1,000,000
5,616,100
453,7(0
77,500
811,700
3,391,300
1,000,000
3,999,3('0
8.200
390,700 » 1,971,200
422,700
2,261,100
807.800
562.100
511,100
3,589,500
2,000,000
5,470,200
253,900
115.900
373,300
3,319,4(0
450,000
f,0.'?,300
5,5(0
130,100
700
1,026.500
412,500
1,331,200
2,601,000
44.200
544,000
1.000,000
2,96'MOC
275.500
62.600
704,900
3,176.500
l.OUO.OOO
3.7:9,800
152.500
83,000
2.300,000
540,000
5(0,0UU
2,412,000
285,8(0
665,8c0
1,666,100
7,357,500
1,000,000 ll.18.V0U
129.8(0
303,100
33.000
1,4U8,7U0
600,0(0
],539.500
3,900
23.800
2,0:13,600
169,900
1,000,000
2.238,100
225,0(0
65,<00
£69,.C0
1,607,100
1,000,0(0
2.742.300
711.500
55.700
28C.600
1,221,500
1,000,000
2,541,<00
736.800
740,000
3.145,600
71.700
1,000,000
4.41H.800
4,9(0
31.200
851,0(0
5,100,400
1,('00,000
8,053.500
575.7(0
55.200
510,000
2,703,7(10
1,500,0(0
3,898,<00
4.000
2ci,500
1,187,900
6.200
300,000
1,551, <00
258,000
36.900
2, 111,200
455.000
2,28 <,800
400,000
479,100
3,432,30 0 1 5,098,400
158,200
1,500,000 11,932.100
230,500
4,790,000
18,000,500
2,000.000 14,921.900
£01.100
182,300
8M.500
83,000
500,000
l.lj&iUO
38,300
7,500
633,900
Legal
Loans and
Banks.
New’ yorlc
Manhattan Co
'
Merchants’..
Mechanics’
Union
America
Phoenix
City
Tradesmen’s
Fulton
Chemical
Merchants’Exch’ge.
Gallatin, National..
Butchers’&Drovers’
Mechanlcs&Traders
Greenwich
Leather Manuf
Seventh Ward
State of N. York..
American Exch’ge.
Commerce
.
Broadway
Mercantile
Pacific
Republic
Chatham
People’s
North America
Hanover
..
Irving
Metropolitan
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
Continental
Oriental
Marine
Importers’* Trad’rs
Park
Mech.
the
ending at the commencement of business on May 8,1875:
25
the Board.
26
4.87
London prime com. ster do
week
from Jan. 1,1874, to this date, was as follows •
to dateHighest.
18. Y. Cen. & Hud. R... 100% v Ch. 18 107% May
Harlem
127% Jan. 12 188 Apr.
Erie
2'i% Feb. 27 35% Mch.
Lake Shore
70
May 3 80% Jan.
10
Wabash
Feb. 17 21% Jan.
Northwest
38% Mch. 1 48% Jan.
do
51% Mch. 1 62% Jan. *
pref
102% Apr. 6 106% Mch.
t. Paul
32% Feb. 27 40% Apr.
51
Mch. 1 59% Apr.
do
pref
Atlantic & Pacific pref 12% Feb. 2fi 18
Apr.
Feb. 18 32% Jun.
Ohio & Mississippi.... 24
120
Central of New' Jersey. 105% Jan.
Apr.
Del., Lack. & Western. 106% Jan. 2 123 Apr.
Hannibal & St. Jo
18% Jan. 22 30% Mch.
36
Jan. 18 78% Apr.
Union Pacific
Col., Chic, & I. C
4% Feb. 10
9% Jan.
Panama
110% Jan. 21 172 Apr.
Western Union Tel.... 70% Feb. 17 80% May
Jan. 6 29% Jan.
Atlantic & Pacific Tel.. !9
13
May 14 35 Jan.
Quicksilver
22
do
pref
May 12 44 Jan.
Pacific Mail
30%-Feb. 10 45% Apr.
98
Jan. 2 101% Mch.
Adams Express
American Express
62% Jan. 7 65 Jan.
United States Express. 50
May 8 05 Jan.
Wells, Fargo & Co
79% Jan. 8 92% Apr. !
Primebankers’sterling bills
London good bankers’ do..'
the condition of the Associated Banks of New York City for
....
93
3
4.90
60 days
28%
71%
40
41% 42
102% 102% *102%
*64% 64%
64% 64%
*50%
53% 53%
91
*91
91%
91
n'2%
64%
51%
Jan. 1,1875,
Lowest.
ff
follows:
Tuesday. Wednesday, Thursday,
May 13.
May 12.
May 11.
105
106
10;% 105% 105% 105% 104%
135
135% 135%
*135%
*135% 137
27% 28%
27% 28
27%
26% 27%
70
70% 71%
70% 71%
70% 71%
U
11
11%
11%
12%
U% 12%
40%
41% 41%
41% 41%
40% 41%
55
54%
53%
54% 54%
104% 104% 104% 101% 104% 104% 103%
36%
35% 37
36% 37%
36% 37%
*57%
57% 57% *58
57% 58
16%
16% 17%
16% 17
16% 16%
25% f 6%
25%
25% 26%
26% 26%
108% 108% 109% 110% 111% 111% 111%
119% 119% 119% 119% 119% 119% 119%
24
24% 24%
21% 24%
24% 24%
71%
74% 75%
74% 75%
5%
5%
5%
5% 5%
138
152
155
141% 145
77% 78%
78% 79%
24% 25%
23% 25%
18
44”
and
Friday,
May 14.
This is the price bid and asked; no sale was made at
The entire range
,.s
page,
...
30%
72%
13%
-May 14.
77.700
35,300
62,200
32,000 312,800
Bank’g Asso.
Grocers’
North River..........
East River
Manufact’rs’* Mer.
Fourth National....
Central National...
Second National....
Ninth National.
First National
...
Third National
N.Y.National Exch.
Tenth National
Bowery National...
New York Co. Nat.
300,000
400,000
350,000
300,000
5,000,000
2,000,000
300,000
l,500,tCC
788,000
1,034.310
1,0! U00
<44,800
18,855,200
7,191.000
1,935,000
6,7i2,ooo
4,850,b00
5,763,<00
500,000
1,000,000
500,000
1,000,00 0
1,507,200
1,876.600
1,2; 0,000
1.236,000
4,251,100
250,000
German American.
200,000
2,000,000
Dry Goods
13,90 0
13.900
213,40 0
150,20 0
168,500
900
3 545,900
SC2.8UU
8,000
1,901.000
604,100
6 8,100
190,700
14,318,400
2,28*9,2(6
625.200
1
6,632.000
414,000
87.600
371.400
199,710
14.800
31.100
2.100
1,553,'00
1,212,500
1.481,8(0
218,000
742,500
6,239,500
6,376.800
23(,060
1,017,600
1,121,000
950 .U0U
133.900
1,030,500
337,500
402,(00
135,0(0
552.100
45.000
49.400
269.500
1,740,000
3,666.7(0
1,729,50U
1,030-000
312, C(0
9.100
6,169,100
869.500
212.200
167,01)0
1,0-3.000
Total
$3L435i26o $283* 120.800 f lO.lOO.OOO $58,017,500 1227.873.300
The deviations from the returns of the previous
follows:
■
.
$20,468,400
week are as
.
Inc. $5.16G.9M) 1 Net
Specie.
Legal Tenders
XftC.
Inc.
.
„
..
Loans
Deposits.-
58S.200 | Circulation..
885,300
••
Jnc.
Dec,
cii
200
Boston
Banks.—Below
give a statement of the
we
Boston
Rational Banks, as returned to the Clearing House on Monday,
May 10,1875:
Loans.
Banks.
Capital. $1,524,800 Specie. L.T. Notes. Deposits.Circul.
$431,700
$461,300
$27,200
$17,800
4750,000
lt^w,000
2,000,000
1,000,000
700,000
200,000
500,000
Atlantic
Atlft9.
Blaokstone
Boston.<r
;
Boflston
Broadway
Central...
Faneull Hall
Freeman’s
Globe
Market
Massachusetts
Maverick
Merchants.
Mount Vernon
Shawmnt
Leather
'.
1,155,200
.4,000
2.466.700
71*8(36
934,400
2.633.900
1.768.200
2.314.800
1.647.400
2.519.500
997,900
1.758.300
1.949.1U0
1.613.700
10,270.800
659.200
2.647.700
8.131,510
2.109.700
•2.668.300
3,033.100
6,100
351.300
709,760
100.200
83,800
95,500
71.700
1.52,000
78.300
149.900
79.700
53.900
H5.700
107,600
1.394,900
75.600
84.700
258.400
235.900
153.800
9.8C0
23,400
85.300
10.700
11.90U
11.700
9.200
9,2U0
11.300
28,5i0
18^666
3,082.000
1,987,000
2.118.500
4.584.100
3.673.900
1,000,000
1 000,000
1,500,000
5.300
2.900
•
4.900
200,000
1,000.000
200
1,9(0
400
2.500,600
1,500,000
900.500
1,101.000
The deviations from last
Decrease.
Loans
886.100
2,375.400
696.700
April 5...
April 12
April 20
1S2.546.1O0
131.955,100
132.260,800
132.312.000
130.595.100
...
.
..
April 26
May 3
May 10
...
...
...
...
130,394.400
130.024.500
...
....
Monday, May 10, 1875:
Banks.
Capital.
Loans.
652.400
960,000
Philadelphia
$1,500,00C
$5,300,000
$35,000
250,000
Bank of Commerce
Girard
200,000
300,000
Corn
Sixth.;,
2*.458
197,0.10
1*666
251.0(0
777,514
66,831
832,000
*265
167,561
15,000
1,216,000
18,016
822,564
199,983
411-864
180.000
991,000
4,723
1,000
12,000
393 000
1,019.000
895,000
115,000
103,000
194,000
951,442
582.000
587,000
1.117.00C
4,874.000
1,450.000
4,000
427,000
117,000
2,309,000
1,000,000
250,000
Security
l.UOO.OOO
619,(00
459,250
431,000
1.644,000
4,628,000
250,000
275,000
750,000
Seventn
Eighth
Central
;
Bank of Republic..
5,412,000
1.398,243
809,000
2,652,000
500,000
1,000,000
300,000
150,000
First
Third
53.615,500
24,443,100
24.214.400
24,531.900
24.777.1(H)
24,845,60)1
24,754,000
24.739.400
*5,013,303
767,000
894,824
695,000
623.122
1,587,685
1,135,529
500,000
Exchange....
Union....
52.943,600
$1,900,000
3,667
1,341.537
2,502,060
300,000
50.731,90U
51,164,200
52.S6iJ.700
62.722,900
52,660,000
52,602.000
2,040,700
2.152*167
400,000
City
Commonwealth....
.
$1,000,000
2,560,000
* 70,181
4,204.000
Tradesmen’s
Consolidation
.
$4,385,000
3,668,000
1,063,559
1,000,000
250,00 0
1,000,000
Manufacturers’....
.
8,1X0
5.718,000
2,719,000
500,000
400,000
Penn
Western
$53,615,500 $25,013,800
May 10, le $21,484,700.
1,469.000
2,696,000
1,362.907
Kensington
1.545.700
37*5(6
4.641,000
800,000
500,00 0
250,000
Southwark
1.755.800
916,100
Total net
Tender. Deposits.Circulat’n.
Specie.
Mechanics’
Bank.N, Liberties.
442.200
2,319.000
is the average confor the week ending
Philadelphia Banks.—The following
dition of the Philadelphia National Banks
North America
1,000,000
Farmers and Mech. 2,000,000
Commercial
810,000
839.400
829.300
series of weeks past:Circulation
Denosits.
Specie. Legal Tenders,
8.891.400
633.400
533.700
8,710.600
8.558.000
546,200
8,537.500
613.200
613,300
8.570.300
6,533,000
629.000
8,3(5,900
715,000
7,996,600
852,500
Loans.
Date.
March 22
March 29
762.700
893.900
715.600
883,000
300 000
442.400
332.400
783.800
964.6 0
638,000
173.500
5S2.«00
1,071,800
week’s returns are as follows:
$369,9]0 | Deposits.
Increase. $667,100
Circulation
Increase. 273,900
Increase. 137,500
Decrease. 349.303 1
The following are the totals for a
Specie.
Legal Tenders
672,000
2,066,000
1.291,767
2,335,000
1,314,354
681,853
939,233
2,816,9.51
1,491,000
591,5b3
3.6S2.000
1,110,580
713^22
962,688
579,000
2,855,000
1,441,000
4,193,000
943,800
467,000
295,000
760.000
_
•
controlled.
American gold coin
each. $10,000
Western Union Tel. Co
100 shares.
Pacific Mall S. S. Co
100
Erie Rail road
100
“
Panama Railroad
100
“
Lake S. & Mich. South. RR. Co.. 100
“
Union Pacific Railroad
100
“
Chicago & Northwest, (comm n) 100
“
Chicago & Rock Island
“
100
Milwaukee & St. Paul (common)
Toledo, Wabash & West. RR
Ohio & Mississippi RR
Hannibal & St. .Joseph
'
C..C.&I, c. RR
100
100
100
100
100
218,000
*50,000
340,000
764,000
253.690
135,000
217,850
227,500
500,000
791,000
176,000
N. Y. c. <fc Hudson Rlv. RR
100
Michigan Central
Variations from market-*
Calls
Puts
below.
100
“
above,
%
1%
2%
1%
6%
%
1%
2%
2
(5
•
1%
2%
1%
1%
1%
3%
1%
2
1%
2%
2
1%
1%
1%
do
7s, 1S91
Market Stock
^
,
bonds. 7s. 1892..
Water Stock bonds 7s, 1901....
“
“
1903
Fund. Loan (Cong ) 3.55s. 1924
Water Stock 6a 1869
_
“
“
,
90%
90%
92
91
1
1
2
72%
100
90
1892..
“
“
73**
102
Certificates, Sewer, 8s, 1874-77.
Water Cattlfleates* 8s* 4877.. *
do rei?
106
do
6c, 10-15, 2d
do
(lo
15-25.3d,,, 112%
102%
Philadelphia 6s, oil
106%
do
6s, new
82
Alleghany County 5s, coup...
77%
Pittsburg 4s
do
5s
106
do
7s..7
State 6s, Exempts
Camden County 6s
108
... —
Camden City 7s
do
New Jersey
Delaware 6s
6s;
bailroad stocks.
Camden &
do
Catawlssa
do
do
Atlantic
do
pref
pref
new
69
50
52
...
20%
Broad Top
do
91
91
91
90*
91
90%j 91
m\...
<5
...
...
42*'
60%
30
9%
50%
2<%
52%
9%
50%
20%
52%
129% 130
55
consol, pref
37
West Jersey
CANAL STOCKS.
50%
Navigation
50%
60
Morris
do pref
128%
7%
Schuylkill Navigation
14%
7 3-10s. 1896
....
7s E. Ext.,1910
Inc. 7send,’94..
14%
97
87
pref
RAILROAD BONDS.
Jdo
53
93%
Companies
Allegheny Val.
“
98
do
conv-, ’82
conv., g/94.
gold, ’97 102% 102%
Morris, 1st M., 6, 1876
do
2d M., 1876
do
boat, ’85
Pennsylvania 6s, 1910
,..
1907
2d m., 6s,
do
do
do
do
do
do
100%
99
99
tou
Schuylkill Nav. 1st m.6B,’97..
m. 6s,c..’95..
6s, Imp.,’SO...
2d M. 6s,’85
3d M. 6s,’87
* Amboy, 6s, ’83.....
do
do
90
99
98
96**
CINCINNATI.
100
81
90
78
80
95
96%
is*
105
105
108
do
do
Cin. &
103
104
104
67
102
112
102%
102
108
101% 192%
96% 96%
106% 107%
94% 94%
1(0
92
100
96%
94%
lOi"
.
95
87
101
172
7
160
12
44
44
45
*80
*92
103
•104
S5
94
105
106
103%
lgbds,7 *7.30?
no
Cov.Bridge stock, pref 98
do
bonds, short
do
bonds.long. 85
ICO
Cln.,Ham. & D.,lst M., *, 80... 95
do
2d M.,7, ’85...
<fo
102
do
do
3d M., 8,77... 84
Cin.. Ham.* Ind.7sguar
90
Cin. & Indiana, 1st M., 7
80
do
do 2d M., 7,1877.. 100
Colum., & Xenia, 1st M.,7, ’90. 98
Dayton & Mich., 1st M.,7 81.. 92
do
2d M.,7, 84.. 88
do
do
3d Ma 7, ’88.. 96
do
do To’do dep.bds,7,’81-’94.
Dayton & West., 1st M.,7,1905.
do
do
1st M., 6, 1905.
Ind., Cin. & Laf., 1st M.,7
do
(I. AC.) lstM:.,7,1888
Little Miami, 6,1883
Cin, Ham. & Dayton stock....
Columbns ft Xenia stock
Dayton & Ml chlgan stock....
8 p.
c.st’kguar
Louisville 6s, ’82 to *87.
6s,’97 to’98
Water 6s, *87 to ’89..
Water Stock 6s, ’97.
Wharf 6s...
special tax 6s of’89.
88
78
76
90
90
60
102
40%
104
98
202
87
87
87
87
97
87
89%
Jeff., Mad.* I,lstM.(I*M)7, *81 78
do
do 2d M.,7,.......... 89
do 1st M.,7,1906.... 80
do
LoulBV.C. A Lex.,lst M./7, ’97.. 85
Louis. & Fr’k., 1st M.,6, ,70-,78.. 87
do
L. A
do
do
do
do
do
do
Loulsv.Loan,6.’81.
Nash. 1st M. (m. s.) VTL.
Lou. Loan (m.s.)6/86-’87
(Leb.Br.)®, *86
do
lstM. (Mem. Br)7,"I0-’75.
Lou.L’n(Leb.br.ex)8,’9S
M.,7,1898...
Jefferson., Mad. & Ind... ....
do
95
87
67%
98%
lstM.(Leb.br.ex)7, 80-’85 ?6%
85
Consol. 1st
Lonisv., Cin.
& Lex.,pref
do
102
102% 103
102%
Cincinnati Soathern RR. 7.90s *92
Ham. Co., Ohio 6 p.c. long bds.
•101
do
do
7 p.c.,lto5yrs. *104
do
do
do
do
do
75*
1st m, 7s.’80. 60*
do 5s,perp
Cincinnati 5s
do
6s
do
7s
do
7-80s
LOUISVILLE.
91
101
Harrisburg 1st mort.6e.’83....
104
H.& B. T. 1st mort. 7s,’90.....
do
2d mort. 7s, ’75.... 101
3d m. cons. 7s, ’95. 58
do
Ithaca & Athens g. 7s, ’90
93"
Junction 1st mort. 6s, ’So.....
do
2d
do
1900... 93
preferred........
do
71%
81%
*108
Parkersburg Branch
Ceutral Ohio
Little Miami stock
Cincinnati Gas. stock
102
105%
102
100
101
1884
do
do
do
do
do
98"
BelvtdereDelaware.lstm,5,’77 93
do
RR,’97.... 102** 97**
96%
*77
.
57
River.
Pennsylvania.....
Philadelphia & Erie
Puiladelphla & Reading
Philadelphia & Trenton
Phiia., wilmlng. A Baltimore.
do
96%
102%
96
’78
6s.’34
68,1900
1890. Park 6s
Baltimore * Ohio «s of ’75
do
do
6s ol ’80...
do
do
6a ol ’85
106
Central Ohio, 1st M.,6
Marietta* Cin., 1st M.,7,1891.
2d M.,7,1896.
do
do
107
«3% Norfolk Water 8s
North. Cent. 2d M., 8. F., 6, ’85.
do 3d M., 8. F., 6,1900
do
do
do 3d M. (Y. & 0)6/77
do
do Cons, (gold) 6,1900
110
Pitts.* Connells v., 1st M.,7. ’98
do
lstM., 6,1889
do
West Md, lstM., endorsed,6, ’90
do
1st M., unend.. 6,’90..
do
2d M., endorsed, 6,’90.
52
Baltimore A Ohio stock
15
60%
49%
Norristown
Northern Central
North Pennsylvania
Oil Creek & Allegheny
Lehigh
do
do
do
do
do
84%
8%
..
pref.
- - -
west Chester
CANAL BONDS.
99*
pref..
Nesquehonlng Valley
United N. J.
8*
38%
pref
Lehigh Valley, 6s, 1898
do
do
do
reg, 1898
do
do
do
7s, 1910
90)4
9«%
90%
92
do
do
atpleas.
Cers. Gen. Imp. 8a, 1874
1875......
do
1876
do
do
1377
do
1878
do
Series.
Pennsylvania5s, coup
EL & W’msport,
(i843)6s, atpleas 79*
Cbes. &O.st’k (’47) 6s.
iBoard of Public Works—
1874
5 year Cers., 7 3-10, 1875
Ten rear Bonds, 6s, 1878
Fund. Loap (Cong ) 6 .g,
95
OITY BONDS.
Delaware mort.6s, various....
East Penn. 1st mort .7s, ’88
1%
1%
1%
Fund. Loan (Leg),6s.g, 1902..
Cem. of Stock (1828) 5s, at pleas
PHILADELPHIA.
Harrisburg City
40
25
Union * Titusville
100
United N.J. crns. m. 6s, 91..
Warren & F. 1st m. <s,’96
Westchester cons.7s,’91. ... 103
99
West Jersey 1st m. 6s, *96
do
do 78, 1397.... (02%
Western Penn. RB. 6s. 1393....
do
6s P b *96.......
do
58
Wilmlng.* Read.,lstM.,7,1900
9% 10
do 2d Mort, 1902
do
132
127
do
6s, ’89
do mort. 6s, ’89...
Cam. & Atlan. 1st m, 7s, g. 1903
do
2d do 7s, 1830...
Cam. & Burlington Co. 6s, ’97.
Catawlssa, new 7s, 19U0
...
Cayuga Lake 1st m. g. 7s, 1901
Connecting 6s 1900-1904
Chartiers 7s. 1901
......
Dan., H. & Wlikes, 1st m^7c,*87
Bid. Ask
90
90
preferred
Vermont & Canada
Vermont & Massachusetts
Worcester & Nashua
STATU AND
Sunbury* Erie 1st m.7s,’77.. 100
14%
110
91
100*
6s,boat*car,1913
7s,boat*car,19l5 S0%
95
115
scrip
Susquehanna 8s, 1894...
108%
BALTIMORE.
0%
! Maryland 6s, Jan., A., J. * O.. 103
21
20
h08
do
6s, Delence
00% 52%,
101%'
Baltimore Cs of’75
do
do
WASHINGTON, D. €.—PRICES.
Wash. Co. S.bonds,7s,’J5,’76,’77
Chicago Relief bonis, 1877. ..
Perm Imp., 6s, g, 1391
Hampshire.. isi"
Port., Saco & Portsmouth
Rutland common
Camden
2
2
Bid. Ask
130
100
107
88
Shamokin V. & Pottsv. 7s, 1901.
Steubenville* Indiana7s.’84.
Stony CreeK, 1st m„ 7s, 1907...
Lehigh Navigation
14%
Old Colony
do
Pitts., Cin. *
155
48
70
Norwich & W orcester
37
Ogdens. * L. Champlain
84
do
do
pret..,. 114V
Minehill
843.000
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 25
106 26
106 25
106 25
106 25
106 25
106 25
Fitchburg
Manchester & Lawrence
Nashua & Lowell
Northern ot New
m.,7s/92-’S
St, Louis 7s, ’90..
do Coal & I,Co
Delaware Division 6s,
pf. 62%
(Mass.)
(New Hampshire).... 52%^
..132
169,190
4,997,000
1,094.000
429,000
$56-25
,
“
Price
30 days.
Nebraska
15}
47
Lehigh Valley
Little Schuylkill
270,000
317,833
139
75
Concord
Connecticut River
Connecticut & Passumpsic,
Eastern
Eastern
97*
91% 92%
Philadelphia * Reading 6s, '80 102
do
do
7s, '93 106
do
deb. bonds,’98 82
108
do
g. m.7s,c. 1911
do
do reg,1911 108
new conv. 7s, 1898
do
119*
preferred
Cin., Sandusky & Clev.stock.
Huntingdon &
Frothlngham & Co., bankers, 12 Wall street, quote
prices for the present for gold and stock privileges as follows. Double privileges
Amount
138
Cheshire
523,000
202,560
600,000
STOCK PRIVILEGES.—Alex.
named:
Burlington & Mo. In
212,925
$16,435,000
cost double the amount
STOCKS.
& Albany stock.
& Lowell stock
& Maine
& Providence
Boston
Boston
Boston
Boston
75
62%
1st M. 6,’83.
215.000
171,060
205,317
2
do
2d Mort., 7,1891..
Vermont & Can., new, 8s
IU2%
102*
Sunbury & Lewiston 7s, 1890..
38
Verm’tCen.,lstMMcons.,7,’86
Elmira* Williamsport
Elmira* Williamsport
East Pennsylvania...
$31,925,322 $204,510 $16,964,132 $51,677,613 $11,259,175
Tne deviations from the returns.of previous week are as follows:
Loans
Inc. $76,536 i Deposits
Inc. $75,163
Dec.
Dec.
specie...........
4,582 I Circulation
19,538
Inc. 318,237 I
Legal Tender Notes
Total
do
Vermont & Mass.,
607.300
163.700
577 .OCO
556.300
1.745.800
.
7s, 1869
equipment 10s.
funded debt 7s
do
Ogdensburg & Lake Ch. 8s
108*
Old Col.& Newport fids, 7, ’77. 107%
Rutland, new 7s....
22*
20
166.6U0
643.800
576.600
663,'00
782,000
808.400
610.200
1.241,500
$852,500 17.996.600
$5U.050,000 $130,024,500
Total...
The total amount “due toother Banks.” as per statement of
*8*
699,7U0
995.200
1.0:2,100
169.500
213 800
208.500
79,200
83.700
63.700
700
102% It 2%
1^2% 102%
774.900
647.200
329.800
568.300
763.800
965,0(10
1.400.700
1.102,000
49.000
106
103% 104
104
105
Portland 6s
1.566.700
174.500
442.600
889.900
173.200
122.300
4.276.500
920.200
2.610.8C0
2,000,000
944.500
937.400
7.215.700
gen. m. 1910, coup
do
gen. m., reg., 1910
Perklomen let m.68,’87
Phlla. & Erie 1st m.6s,’81
do
2d m. 78,’88
rto
110
Gold...
Currency
do
5s, gold
Chicago* Sewerage 7s
do
Municipal 7s
5s,
Ind. Cin. & Laf.
144.400
60
7s, *82...
108
Penn* N. Y.C.&R It 78/96-1906. 107
104%
Pennsylvania, 1st M., 6,1880
Oil Creek 1st m.
103
103
103
Massachusetts 6s, Gold
do
Boston 6s,
Bid. Ask
SKCrURITIKB.
Dll Creek * Ale. R.. ccn. 7s,’88
BOSTON.
Maine6s
New Hampshire,6s.... t
Vermont 6s
249.300
954.200
806.900
635.800
752.300
57.100
58.600
100-810
246,100
279.900
113 300
353.800
189.400
406.500
165.200
382,000
Bid. Ask
8KOUBITXXS.
344.006
351.700
819.800
BsLTlflORB. &e.
POTATIONS lid BOSTON, PIIILAOELPIIIA,
72% 73%
Atch. <& Topeka 1st m.7s
do
laud gt. 7s.... 71% Ti
2d 7s
do
do
land inc. 12s..
103%
Boston & Albany 7s
107
103
Boston & Maine 7s
102
Burlington & Mo. Neb. 8s. 1894
97
do
do Neb. 8s, 1883.
92
91
Eastern Mass.. 7s;
362.900
345.200
347,000
235.400
441.400
594.100
196,700
14,000
73.600
1,600
5.200
89.300
25.800
8.283.800
822.300
669.800
1,075,610
220.200
74.000
5,529,906
1,000,000
l/nlon
Webster.
1,600
4.566.400
1.287.300
5.171.100
2,093.100
500,000
Security..
114.300
4,020.100
Republic... 1,500,000
Revere
300
1.977 300
300,000
2,000,000
1,000,000
of Redemption. 1,000,000
Exchange..Hide* Leather
24.600
33,100
3.479.200
1,600.000
Commonwealth
City
Eagle
10,100
1.811.80U
600,000
2,000,000
750,000
1,000,000
Second (Granite),..
13.800
775.100
433.500
781.300
113.306
811.400
44.800
1.900
3.567.100
8.693.100
Third
Bank of Commerce*
Bank of N. America
B’k
659,000
137*500
2,000,000
1,500,000
State
Suffolk
Traders
Tremont
Washington
First
764.900
565.700
494.5U0
168,100
147.6 >0
860.400
15,000
43.0)0
80.900
2.416.800
1.935.700
1,000,000
1,000,000
900,000
1,000,000
1,000,000
England
North
Old Boston
Bank of
91.900
1.037,700
750,000
1,000,000
500,000
800,000
800,000
400,000
3,000,000
200,000
Hamilton
Howard
Manufacturers
Shoe &
900
2,0J0
400.000
1,000,000
800,000
1,000,000
Everett
New
10,000
739.304
870,100
1,888,900
82,9.0
292,000
100
3,038/i 00
4,528,200
2.222,000
i.937,31)0
505,500
'
1,000,000
1,000,000
Columbian
Continental
471
THE CBisONICLE.
1, 1875.]
May
common.
Louisville & NaBhvllle
ST. LOUIS.
St Lonls 6s, Long Bonds
*
45
94
103
106
115
100
88
102
97
103
85
92
82
103
100
94
91
i’8
99
81
78
92
92
63
103
42
105
ICO
202%
88
93
83
89
88
88
90%
74
90
81
86
87%
96
88
88
99%
89%
88
86
89
7
8
4
6
32%
83%
*96 V
*104
do
Water6sgold
do
do (new)
do
103%
do Bridge Approach
do Renewal gold 6s......* 103%
103%
do Sewer g. 63
do
do
con. m. 6s, 1923
104
do
do
do reg. 1923
g.6s*
Lltt.le8chuylkin.lstM..7,1877. 101%
Northern Central, 21 m.,6s,’85
(due’91-2;3)*
Northern Pacific 7 S-10b. 19(0..
*103
103
102
St. LouisCo.new Park g. 6s.* 102%
North Penn. 1st m, 6s. ’85
42
I04%] 105% At.* Pacific guar, land grants 38
do
2d m. 7s, *96
do
2d M
104%
do
chattel M. 10s
And lnt.crpst..
106
do
' gen. M. 7a. 1903..
.
,
472
GENERAL
IT. 3. Bondi
ana
Bid. Ask.
State Bonds.
48
do
95
..
7s, Penitentiary—
6s, levee bonds,
6s, 1883
78,1890
Missouri 6s, due In 1875...
105
105
107
101*
101*
1876.
1877..
1878.
1879..
1880..
101
Asylum
or Unlvers., due 1892
Han. ft St. Joseph, due 1875
do
do
do 1876
do
do
do 1886
do
do
do 1887
New York Bounty Loan, reg.
do
do
coup
do
6s, Canal Loan, 1875
do
6s,
do
1877,
do
6s,
do
1878
do
6s, gold reg—1887
do
6s, do
coup..1887,
do
6s, do loan.. 1883
do
68, do
do ..1891
do
5s, do
do ..1875
do
5b, do
do ..1876
North Carolina 6s, old, J. ft J.
101*
101
101*
101*
101%
101%
108
108
110
108%
no
42%
113%
do
do
lstmort..,
103
do
do
Income...,
Joliet ft Chicago, 1st mort.,
90
92%
Louisiana & Mo.. 1st m., guar
St. Louis, Jack, ft Chic., 1st m 101%
Chic., Bur. ft Q. 8 p. c. 1st m.. 115% U6‘
do
do consol. m.7s 106
109%
110
lo
lo
lo
lo
114
Hl% 114
105% 105%
iio* 111%
106
do
do
do
do
80"
84
85
74%
74%
80
106
100
93*
90
98
99
86%
86%
85"
105%
96%
97%
bonds, 1900... 100
104
34%
32
34%
33%
35
6*
50%
51
Texas, 10s, of 1876
Virginia 6s, old..
do
do new bonds, 1866...
do
1867..
do
do consol, bonds
do ex matu d coup
do consol. 2d series
do deferred bonds..
of Columbia 8.65s
Central Pacific
Chicago ft Alton
do
do pref
Chle., Bur. ft Quincy
Cleve., Col., Cfn. ft Indlanap..
Cleveland ft Pittsburg, guar...
Dubuque ft Sioux City
37
20
2d mort...
do
do
101% 101%
Mich. So. 7 p. c. 2d mort...
Mich. S. ft N. Ind., S. F., 7 n. c. 106* 108
106% 108
Cleve. & Tol. sinking fund
103%
do
do
new bonds.
Cleve., P’vllle &Ash., old bds. 105
do
do
newbd6 103*
Detroit, Monroe ft Tol. bonds. 101
102
Buffalo ft Erie, new bonds....
103%
102
Buffalo ft State Line 7s
Kalamazoo & W. Pigeon, 1st
Lake Shore Dlv. bonds
do
Cons, coup., 1st.. 103
102
104
do
Cons, reg., 1st
97
98
do
Cons. coup.. 2d...
Cons, reg., 2d
do
106"
Marietta ft Cln., 1st mort
102* 103
Mich. Cent., consol. 7s, 1902
do
1st m. 8s, 1882, s. f H2
do
eqtilpm’t bonds..
32
32"
v Jersey Southern, 1st m. 7i
do
do
consol. 7i
100%
New York ft New Haven 6s...
100%
N. Y. Central 6s, 18S3
102% 103
do
6s, 1887
96
do
6s, real estate...
Indlanap., Bl. ft W., 1st mort..
ioi%
.
Erie pref
Hannibal ft St. Joseph,
Illinois Central
do
2d pref
Michigan Central
Morris ft Essex
Missouri, Kansas ft Texas.
New Jersey Southern
N Y., New Haven ft Hartford.
....
114%
59
12%
7%
71%
101%
5%
145
Pitts., Ft. W. ft Chic., guar
do
do special..
Saratoga
Rome, Watertown ft Ogdens..
St. Louis, Alton ft T. Haute...
do
do
do
pref
Belleville ft So. Illinois, pref..
St. Louis, Iron Mount, ft South.
Toledo, Peoria & Warsaw
Toledo, Wab. ft Western, pref.
Miscellaneous stork*
American District Telegraph..
Boston Water Power
Canton Co., Baltimore
Cent. N. J. Land Improv. Co..
D> lawaie ft Hudson Oanal
American Goal
....
r:W
do
6s, subscription
do
7s, 1876
do
7s, conv., 1876...
do
7s, 1865-76.
do ft Hudson. 1st m., coup
do
do
lstm., reg...
tdson R. 7s, 2d m. s. fd. 1885.
ao
7s, 3d mort., 1875..
Harlem, 1st mort. 7s, coup
?hlo ft of Missouri pref
aclflc Mississippi,
Rensselaer ft
•
.
....
..
-•«(;
•
.
pref...
Indlanap. Cln. ft Lafayette....
Joliet ft Chicago
Long Island
Marietta ft Cln., 1st pref
•
22%
do
do
reg
North Missouri, 1st mort
Ohio ft Miss., consol, sink. fd.
do
do-- consolidated
do
do
2d
do
Central Pacific gold bonds....
do San Joaquin br’ncli
do Cal. ft Oregon 1st.,
State aid bond
do
Western Pacific bonds
Union Pacific, 1st mort. bond
Land grants, 7f
do
do
Sinking fund..
\tlantlc & Pacific landgr. m.
South Pacific RR. bds. or Mo.
Pacific R. of Mo., 1st mort.
do
do
1st Caron’t B.
2d mort
do
do
Pacific R. 7s, guarant’d by Mo.
Pitts., Ft. W. ft Chic., 1st mort.
2d mort.
do
do
do
do
3d mort.
Cleve. ft Pitts, consol, s. fund.
do
4th mort
do
Col.. Chic, ft Ind. C. 1st mort..
do
do
2d mort..
Rome, Watert’n ft Og.con. 1st
St. L. ft Iron Mountain, lstm..
do
2d m„
do
103" 105"
116%
118% 115
111
111%
109% iii"
....
91
99
ill
92
99*
99%
78%
102* 102%
99
92
92
93%
34%
112
97
97%
10C% 101
97% 97*
91% 91*
40
80
95%
-
*
....
si%
96
85
84
56
60
'Brokers'
Lynchburg 6s
Macon 7s, bonds
Memphis old bonds, 6s
do
new bonds, 6s....
do
end., M. & C. RR.
Mobile 5s,(coups, on)
do
8s,(coups, on)
Montgomery 8s.
fU0%
105
99
,
,.t
14
....
91
58%
-
-
106
48
18
94
92
^ *
87%
do
do
do
do
Norfolk 6s
bonds, 7s
gold 7s, quarterly
10s
to
railroads, 6s..
Petersburg 6s
40
Richmond 6s
Savannah 7s, old
do
7s, new..*
Wilmington, N. C., 6s, gold....
do
do
88, gold....
KATLKOADS.
92%
guar....
50
Ala. ft Chatt. 1stm.8s.,end....
Ala. ft Tenn. R. 1st mort. 7s...
do
do
2d mort. 7s
Atlantic ft 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...
do
consol, m. 7s.
do
stock
Charlotte Col. ft A. 1st M. 7s..
do
do
stock....
Charleston ft Savannah 6s, end
Savannah ft Char. 1st m. 7s.
Cheraw ft Darlington 7s....
East Tenn. & Georgia6s....
East Tenn. ft Va. 6s, end. Tenn
E. Tenn. Va. ft Ga. 1st m. 7s...
do
do
stock....
15
Georgia RR. 7s
do
stock
Greenville ft Col. 7s, guar
do
do 7s, certlf..
Macon ft Brunswick end. 7s...
Macon ft Western stock
Macon ft Augusta bonds
ao
do
endorsed....
do
do
stock
Memphis ft Charleston 1st 7s..
do
do
2d 7a...
do
do
stock
...
Evansville, Hen. ft Nashv. 7s..
Elizabethtown & Padu. 8s, con
Evansville, T. H. ft Chic. 7s, g
Flint & Pere M. 7s, Land grant
Fort W., Jackson & Sag. 8s
Grand R. ft Ind. 7s, gold, guar
do
do 7s, plain
Grand River Valley 8s
Hous. ft Texas C. 1st 7s,pold..
81
.
Memphis ft Little Rock 1st m..
Mississippi Central 1st m. 7s...
do
Indlanap. ft Vlncen. 1st 7s, guar
2dm. 8s....
m. 7s..
consol. 8s.
Mississippi ft Tenn. 1st
Iowa Falls ft Sioux C. 1st vs..
do
do
Houston ft Gt. North. 1st 7s, g
International (Texas) 1st g.
lnt., H. ft G. N. conv. 8s
57%
Jackson, Lansing ft Sag. 8s
Jack., N. W. ft S. E. lstm. g.7s
Kansat ?ac. 7s, extension,gold
78, land grant, gld
98
....
7s,
do new gld
6s, gld, June ft Dec
6s, do Feb. ft Aug
7s, 1876, land grant
7s, Leaven, br’nch
Incomes, No. 11
Montgomery ft West P. 1st 8s.
do Income
Mont, ft Euf aula 1st 8s, g. end.
Mobile ft Mont. 8s, gold, end..
Mobile ft Ohio sterling
do
do
do
ex certlf
do 8s, Interest
do
do 2d mort. 8s....
do
do stock
do
N. Orleans ft Jacks. 2d m. 8s..
do
do certlf’s 8s..
N. Orleans ft Opelous. 1st m. 88
Nashville ft Chattanooga 68... 75
Norfolk ft Petersburg lstm.8s
do
do
7s
do
2dm. 8s
do
Northeastern, S. C., 1st m. 8s.. 88
do
2dm. 8s..
ao
Orange ft Alexandria, lets, 6s._
do
do
2ds, 68..
60
80
do
do
74
do
do
...
8ds, 8s
4ths, 8s..
Rlchm’d ft
Petersb’g 1st m. 7s.
Rich., Fre’ksb’g ft Poto. 6s—
32%
18"
98”
30"
gold
Omaha ft Southwestern RR.*
-
70
Nashville 6s, old
do
6s, new
New Orleans 5s
do
consol. 68...
Detroit, Eel River ft Ill. 8a.
Mo., Kansas ft Texas
F. L. bds.
Columbia, S. C., os
Det.. Lans. ft Lake M. 1st m. 8s
do
do
2d m. 8s
Dutchess* Columbia7s
Denver Pacific 7s, gold
Denver ft Rio Grande 7s, gold.
Evansville ft Crawfordsv.,7s..
Erie ft Pittsburg lBt 7s
do
do
2d 7s
do
do
7s, equip
Mo. R., Ft. S. ft Gulf lstm. 10s.
do
do 2a m. 10s.
do
N. J. Midland 1st 7s, gold
do
2d 7s
N. Y. ft Osw. Mid. 1st 7s, gold,
do
do
2d 7s, conv.
do
West. Extension 7s.
N. Haven, Middlet’n ft W. 7s..
North. Pac. 1st m. gold 7 8-10s..
do
Land warrants....
8s
Columbus, Ga.,7s, bonds..
Chicago ft Mich. Lake Shore..
Dan., Urb., Bl. ft P. 1st m. 7s, g
Moines ft Ft. Dodge 1st 7s.
Detroit, Hillsdale* In. RR.8s.
Logans., Craw, ft S. W. 8s,gld.
Michigan Air Line 8s
7s, gold
Securities.
Quotations.)
Charleston stock 6s
Charleston. S. C..7s,
gold 7s
do
No. 16...
Stock
Kalamazoo ft South H. 8s, guar
Kal., Alleghan. ft G. R. 8s, guar
Kansas City ft Cameron 10s...
Kan. C., St. Jo. ft C. B. 8s of ’85
do
do 8s of ’98
do
Keokuk ft Des Moines 1st 7s
do
funded lnt. 8s
L. Oat. Shore RR. 1st m. gld 7s.
Lake Sup. ft Miss. 1st 7s, gold.
Leav., Atch. ft N. W. 7s, guar..
Leav., Law. ft Gal. 1st m., 10s..
44
Augusta, Ga.,7s, bonds....
Col. ft Hock. V. 1st 7s, 80 years
do
do
1st 7s, 10 years
do
do
2d 7s, 20 years
Indianapolis ft St. Louis 7s...
85
CITIES.
do
CaliforniaPac. RR. 7s, gold...
Bay City 8s
98
Atlanta, Ga., 7s
do
6s, 2dm., g
Canada ft Southern 1st 7s, gold
Central Pacific 7s, gold, conv.. 106
do
Land grant 6s.g
Central of Iowa 1st m. 7s, golt 32%
do
' do
2d m. 7s, gold
108*
Keokuk ft St. Paul 8s...
103
Carthage & Bur. 8s
103
Dixon.Peoria ft Hftn. 8s.
106
O. O. ft Fox R. Valley 8s.
103
Quincy ft Warsaw 8s
103
Illinois Grand Trunk
20
Chic., Dub. & Minn. 8s...
103
Peoria ft Hannibal R. 8s..
Chicago & IowaR. 8s....
American Central 8s
Chic, ft Southwestern RE. 7s..
Detroit &
..
25
St. L. ft I.Mt. (Ark. Br.) 7s, g..
Southern Central of N. Y. 7s...
Union & Logansport 7s
Union Pacific, So. branch, 6s, g
Walklll Valley 1st 7s, gold
West Wisconsin 7s, gold
Wisconsin Valley 8s.
109
Bur.
Mo. I
do
do
Land m. 7s
do
do
2dS.,do 7s....
do
do
8dS., do 8s
do
do
4thS.,do 8s...
do
do
5thS.,do 8s...
do
6th S., do 8s.
do
do
do
Creston Bran(3i
do
do Charlton Branch
Bur. C.R.& I. (M. dlv.), g. 7s.
Cairo ft Fulton,l8t78,gola ...
m.
mort. 10s...
SanduBky, Mans, ft Newark 7s.
St. Louis, Vandalia ft T. H. 1st.
do
do
2d, guar.
St. L. ft So’eastern 1st 7s, gold.
Long Island RR., 1st mort
Nashville ft Decatur, 1st m. 7s.
Side, L. I., 1st m. bonds.
Western Union Tel., 1st m. 7s. 100%
Chesapeake ft O. 2d
7s..
^
fil. 1st
do
8 p. c.
do
St. Jo. ft Den. C. 8s, gld, W. D.
do
do
8s, gld, E. D..
South
Monticello ft P. Jervis
Montclair 1st 7s. gold
103
103%
111% 112 ‘
107% 108
do
St. Jo. ft C.
.50
Des
..
106*
41* 44*
1884
1877
...
92%
Rome ft Watertown 7s
Rondout ft Oswego 7s, gold...
Sioux City ft Pacific 6s...
South Pacific 6s, gold
Southern Minn, construe. 8s...
Chic., Danv. ft Vlncen’s 7s, gld
•
90
105
Rockf’d, R.I. ft St. L. 1st 7s, gld
Connecticut Valley 7s
Connecticut Western 1st 7s....
37
•
Railroad stocks.
(Active previously quoted.)
Albany Sc Susquehanna
[Pullman Palace Car Co. stock.
do
bds, 8s, 4th series
82
Illinois ft So. Iowa, 1st mort.
Lafayette, Bl’n ft Miss.. 1st m.
Han. ft Central Missouri, 1st m
Pekin,Lincoln ft Decatur, lstm
Cln., Lafayette ft Chic., 1st m.
Del. ft Hudeon Canal, 1st m., ’91 109%
do
do
7s, gold...
do
do
,
56
Chic. « Can. South. 1st m. g. 7s
Ch. D. & V., I. dlv., 1st m. g. 7s.
108
Han. ft St. Jo. land grants
do
do
8s, conv. mort... 86%
Illinois Central, 7 p. c., 1875..
Dubuque & Sioux City, 1st m
do
do
2d div.
83
Cedar FallR & Minn., 1st mort
107
64
Chicago, C. ft Dub. 8s
i
Class 2.
Class 3.
Oswego ft Rome 7s, guar
Peoria, Pekin ft J. 1st mort....
Peoria ft Rock 1.7s, gold
Port Huron ft L. M. 7s, gld. end
Quincy ft Toledo, 1st mort. 1890
do
do
Bid. Ask
SECURITIES.
76%
.
7s, cons. mort. gold bds
Long Dock bonds
Buff., N. Y. ft Erie, lstm.. 1877
do
do
do
large bds
Special tax, Class 1
Ask.
OTlacellaneons List,
(Brokers' Quotations.1
Atchison ft P. Peak, 6s, gold...
Atlantic ft Pacific L.G. 6s, gld.
'
Funding act, 1866.
Bid
SECURITIES.
Alton ft T. H., 1st mort
Alton ft T. H.f 2d mort. pref...
do
do
2d mort. Income
Belleville ft S. Ill. R. 1st m. 8s.
Tol.. Peoria ft Warsaw, E. D...
do
W. D..
do
do
do Bur. Dlv.
do
do 2d mort..
do
do consoles
Tol. & Wabash, 1st m. extend,
do
do
lstm.St.L.dlv
do
do
2d mort
do
do
equl^m’t bds.
do
do
con. convert..
Hannibal ft Naples, 1st mort...
Great Western, 1st mort., 1888.
do
2d mort., 1893.
value, whatever the par may be.
per cent
Southern
109*
93%
86%
construction. 100
107
7s of 1871
1st con. gold.. 104* 105
106
107
Erie, 1st mort., extended
>
do
endorsed
102%
>
2d mort., 7s, 1879
1U0% 101%
*
3d do
7s, 1883
98%
>
4th do
7s, 1880
>
98%
5th do
7s, 1888..
1868...
do
New bonds, J. & J..
do
A. & O..
do
April ft Oct
do
Funding act, 1866...
Land C, 1889, J. & J.
do
do
Land C,1889, A. & O.
do
7s
of 1888.
do
nonfundable bonds
Tennessee 6s, old
do
do ex coupon.. ...
do
do new bonds
do
do
do
ex coup
do
do new series
do
1st consol....
do
do
do
2d mort
do
do
do
con. conv
Am. Dock ft Improve, bonds..
Mil. ft St. Paul 1st m. 8s. P. D..
do
do
do
7 3-10 do.
do
do
7s, gold, R. D.
do
do
lstm.,LaC. D.
do
do
1st m.l.ft M.D.
do
do
1st m. I. ft D..
do
1st m. H. ft D.
do
do
1st m. C. ft M.
do
do
do
1st Consol.
do
2d m.
do
do
Chic, ft N. Western sink. fund.
y
do
lnt. bonds.
y
do
consol.bds
y
do
ext’n bds.
y
lstmort...
do
3
do
cp.gld.bds
3
do
reg. do
Iowa Midland, 1st mort. 8s
Galena & Chicago Extended...
Peninsula, 1st mort., conv
Chic. & Milwaukee, 1st mort..
Winona ft St. Peters, 1st mort.
do
do
2d mort..
C.,C.,C.& Ind’s.lstm.7s, S. F. 107
110
Del., Lack. & Western, 2dm.
do
do
78, conv. 122% 123
110%
Morris ft Essex, 1st mort
106%
lo
do
2d mort
N. C.RR....J.& J.
do
....A. ftO..
do coup off.J. & J.
do do off.A.&O.
do
do
27
guar....
Minn. 1st 7s, g
..
101
101
101
A. & O.
Ohio 6s, 1875
do 68,1881
do 68.1886
Rhode Island 6s
South Carolina 6s
Jan. & July
do
do
do
do
do
do
District
do
...
101%
Funding bonds due In 1894-5
Long bas. due ’81 to ’91 lncl
if
105
...
Chicago, Rk. Island ft Pacific
do
8s,
do
1875.
8Sj.
...of 1910.
Michigan 6s, 1878-79
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ex
coup
Chicago ft Alton sinking fund,
109
6s
do new bonds.,
do new floating debt
do
de
do
do
no% 110%
Chesapeake ft Ohio 6s, 1st m..
8s,
do
do
do
do
3d
Bur., C. Rapids ft
Kentucky 6s
.
do
70
Boston, Hartf. ft Erie, lstmort 26%
Indiana 5s
do
do
49%
65
...
Illinois 6s, coupon, 1877...
do
do
do
do
~4fT
Mariposa Land ft Mining Co...
do
do pref
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
do
Prices represent the
Bid. Ask.
SECURITIES.
Railroad Bond*.
(Stock Exchange Prices.)
Albany ft Susq., 1st bonds...
do
do
2d
do
Georgia 6s
do
7s, new bonds. ..
do
7s, endorsed
do
7s,gold bonds...
Louisiana
do
do
do
quoted on a previous page.
Cumberland Coal ft Iron
da
58,1886
do
8s, 1886
do
8s, 1888
do
8b, Mont. ft Euf ’la R.
do
8s, Ala. ft Chat. R—
8s
of 1892..
do
Arkansas 6s, funded
do
7s,L.R. ft Ft. S. Iss.
do
7s, Memphis ft L. R.
do
7s, L. R..P.B.&N. O.
do
7s, Miss. O. ft R. Riv
do
7s, Ark. Cent. R.
California 7s
do
7s, large bonds..
108
Connecticut 6s
1879
are
Consolidation Coal or tod
Alabama 5a, 1888
do
War loan
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
active Railroad Stock*
SZCUBITIES.
do
do
(May 15,1875.
THE CHRONICLE.
do
do conv,7s
Rich, ft Danv. 1st consol. 6s...
Southside, Va., 1stm.88...
do
2dm., guar. 6s.
.
do
3d m. 6s
do
4th ui. 8s
Southwest RR. Ga , 1st m.
stock....
do
Carolina RR. 1st in. 7s, new
do
6s....
do
7s
do
stock
West Alabama 8s, guar
PAST DUE COUPON8.
27%
19
85"
Tennessee State coupons
Virginia ooupons
ao
consol, coup
Memphis City coupons,.
65
473
THE CHRONICLE
May 15, 1876. j
NEW YORK LOCAL SECURITIES.
Insurance Stock List.
Bank Stock List.
(Quotations by K. 8. Bailey, broker, 65 Wall street.)
Marked thus (*)
not National.
Periods
1874
10
8
J. & J.
10c 3,000,000
M.&N.
100 5.000,000
IOC
250,000 J. & J.
25 1,000,000 J. & J.
Broadway ....
25
300,000
Q-J. •
Bull’s Head*
25
800,000 J.&J.
Butchers & Drovers.
100 2,000,000 J. & J.
Central
‘.
25
450,000 J. & J.
Chatham
100
300,000 ev.2mos
Chemical
25
600,000 J. & J.
Citizens’
100 1.000,000
Q-F.
City
100 10,000.000
J. & J.
Commerce
«...
100 1,500,000
J. & J.
Continental
100 1,000000
F.&A.
Corn Exchange*
100
100,000 J. & J.
Currency
...
100 1.000,000 J« & J«
Dry Goods*
25
350,000 J. & J.
East River
25
200,000 J.& J.
Eleventh Ward*
100
Q—J.
Fifth
ISO, 000
100
500.000
Q-J.
First
J. & J.
100 5 000,000
Fourth
30
600,000 M.&N.
Fulton
A.& O.
50 1.500,000
Gallatin
F.& A.
100 2000,000
German American*.
100
German Exchange*..
200,000 M.&N.
M.&N.
100
200.000
Germania*
25
200,000 M.&N.
Greenwich*
25
100,000 M.&N.
Grand Central'
40
300,000 J. & J.
Grocers*
J. & J.
100 1 000.000
Hanover
100
Harlem?
'100,000 M.& 8.
Importers’ & Traders’ 100 l 500.000 J. & J.
50
*500.000 J. & J.
Irving
600,000 J. & J.
Leather Manufactrs... 100
F.&A.
Loaners’*
100
500,(*00
Manufctrers’& Build.* 100
450,000 J. & J.
F.&A.
50 2.050,000
Manhattan*
J. & J.
300,000
Manul & Merchants*. 100
10)
Marine
400,000 J. & J.
J. & J.
Market
10C 1,000,000
J. & J.
25 2.000,000
Mechanics
Mech. Bkg Asso’tion.
50
500,000 M.&N.
Mechanics & Traders.
25
600.000 M.&N.
100 1,000,000
M.&N.
Mercantile
J. & J.
50 3.000, OCO
_Herchant8
J. & J.
Merchants’ Ex
50 1,000,000
100
500,000 J. & J.
.Metropolis*
100 4.000,000
J.& J.
Metropolitan
100
290,000 A. & O.
Murray Hill*
100 1,000,000
M.&N.
Nassau*
J. & J.
100 3,000,000
New York
New York County
100
200,000 J. & J.
N Y.Nat.Exchange.. 100
500,000 J. & J.
N Y. Gold Exchange* 100
500,000 J. & J.
Ninth
100 1,500,000
J. & J.
Ninth Warn*
J.& J.
100
180,900
North America*
J. & J.
100 1,000,000
North River*
J & J.
50
400,000
Oriental*
25
300,000 J. & J.
Pacific*
50
422.709
Q-F.
Park
J. & J.
100 2,000,000
25
J. & J.
412,500
Peoples*
Phenix
20 1,800.000
J.& J.
Produce*
100
250,000
100 2.000.000
F.&A.
Republic
St. Nicholas
100 1.000,000
F.&A.
Seventh Ward
100
300,000 J. & J.
Second
100
300,000 J. & J.
Shoe and Leather
100 1,000,000
J. & J.
Sixth
100
J. & J.
200.000
100 2,000,000
State of New York...
M.&N.
Tenth
100 1,000,000
J. & J.
Third
100 1.000.000
J.& J.
40 1,000,000
Tradesmen’s
J. & J.
Union
M.&N.
50 1.500.000
100
West Side*
200,000 1 J. & J.
America*...
....
American Exchange
Bowery
JO
91
10
20
8
4
10
8
Gas
.
t
and City R.R.
(
.
11
14
b
10
10
j an "2,
8
8
S
8
14
10
12
10
10
4
12
10
10
8
10
10
8
10
4
8
10
14
6
5
8
8
8
13
12
12
12
10
7
8
8
6
10
12
9
8
8
12
11
8
8
10
10
8
1
1
50
20
50
100
Manhattan
Metropolitan certificates
ao
do
b
n.s
100
25
Mutual,N. Y
Nassau, Brooklyn. .
do
scrip
New York
ico
10
People’s (Brooklyn)
do
do
bonds.
Westchester Countv
Certificates
Bonds
Williamsburg
do
...
50
grrln
S;
Brooklyn City—stock
1st mortgage
Broadway (Brooklyn)—stock
Brooklyn dk Hunter'sPt—stock...
1st mortgage bonds
central Pk, F. dk E. River—stock
'st mortgage
2d
do
10
1000
100
:oo
1000
100
1000
1000
Christopher dk 7enth Street—stock
eighth Avenue—stock
1st mortgage
42d St. dr Grand St ferry—stock.
1st mortgage
Central Cross 7own—stock
1st mortgage
Ninth Avenue—stock
Istmortgage
...
..
mortgage
Ccns. Convertible
Sixth Avenue-stock
i5tInortsas«-*
Avenue—stock
1st mortgagie.
I”**nty-thira Street—steex.
•■'rtgage
•
Tin*
column t-ums last
200)4
180
;
...
.
......
......
750'
......
iii*
132
134
i03 '
i05"
*
133
•
.
104
100
.
102
•
.
.
.
„
.
151)4
Q-J.
•
.
100
1000
100
•1100
i
.
154
90*
"995*
.
100
.
«
-
tr
.
.
150
112
114)4
.....
147)4
.....
136
*
May
225
150
75
75
230
123
75.
130
165
Q-F.
5
200.000
200,000
200,000
200,000
150,000
200,000
200,000
Williamsburg City.
250,000
250,000
501
5
4
5
7
J. & j.
J. & J.
J. & J.
Jan.,
136
97
•
•
ioo
10
69
20
70
70
96
190
100
3
Jan., 75
J.&D.
7
1884
Q-F.
8
800,000
J. & J.
J. & J.
7
May. 75
J
•
&
O
•
5
1872
Jan.,75
152)4
7
1838
63
85
7
7
1882
1890
72)4
80
F. & A.
M.&N.
61,403
121,506
78,980
71,077
165,369
153,966
1877
Q-F.
2
• •
6
7
4
7
'
May, ’75
© @
®
@
Jan.,75
May, 75
r
-
...
r
Nero York:
Water stock
1841-68.
do
1854-57.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ctstock. 1865.
do
pipes and mains
do
reservoir bonds
88
95
155
100
100
ms
do
do
J. AD.
F. & A.
A.&O.
M.&N.
M.&N.
J. & J.
Q-F.
J. & J.
J & J.
M.AN.
dividend or etockn, also data
7
2
7
7
7
7
5
7
Feb. *74
1877
1876
1885
1888
.71
30
75
100
100
85
May,75
1800
2)4 May, 75
20
18
10
12
20
18
20
14
10
18
10
ii"
5
10
10
9)4 11
15
20
11
12
6
12
A)
20
0
5
3M
16
l6'
20
10
10
10
6
1
5
5
10
io"
10
10
12
0
10
0
0
10
6
0
20
10)4 15X
14
14
13
10
14
'10
to
114
I
'12
170
146*
92
85
90
100
122
,
Jan.,’75..10
J an., *75* 5
Jan., 75..5
Jan., 75..5
Jan., 75. .5
Jan.,75.. .6
Jan.,’75..6
Jan.,75. .8
Mch.,75. .5
Jan.. 75.10
JaD., 75.10
Jan., '75.li'
J*n.,75. .5
Jan., 75..5
J an., *75. .h
Jan., *<5. .5
Jan., 75,,5
J an., (5,, 4
Jan., 75.20
Jan., 75..5
Jan., 75. .5
Jan., 75.10
J an.. 75.. 5
Jan., 75.10
Jan., 75.10
Jan., 75. .6
Jan., 75.10
Feb.. 75.10
Jan., 75. .5
Jan., 75. .5
Apr., 75..6
Jan., 75.10
Jan., 7710
Feb.,75.10
Jan., 75.10
830*
160
115
85
100
m
120
m
_
105
115
lW
85
*90*
150
170
180
185
140
ioo*
97
100
165
85
90
110
100
210
125
90
190
75
162
.80
170
>85
103
195
185
ICO
77
112
115
..
...
220
160
2(5
ISO
1C5
210
115
Jan., *75.10
85
90
Jan., 75. 5
ian., 75..5
J»n., 75. .5
Tan ’75 .5
75
175
97
.
Fet.,75.10
Inn.,’75..5
Feb., 75. .5
Jan., 75. .6
Jan., i5. .5
Feb., 75 .5
Jan.. 75.10
Jan., 75.10
Jan., 75..8
Jan..
t
t
81
1M
100
*
120
95
93
125
.
.
145
150
165
no
160
75.if.
.
1.
1.
1
120
170
20 per cent
Price
100
7
1890
100
4
Jan.,75
100
of nrETUEltj of bondt.
Consolidated bonds
Street imp. stock1
do
do
do
do
do
do
do
do
do
1869.
var.
var.
Water loan
do
1852-67.
1869-71
Sewerage bonds
1866-69.
Bergen t>onds
1868-69.
Assessment bonds... 1870-71.
[Quotations by N.T. Beers,
Brooklyn—Local Improvem’t
City Bonds
do
Park bonds
Water loan bonds
City bonds
Kings Co.bonds
do
100
All
do
Brooklyn bonds flat.
6
7
7
7
7
Jr.,
7
7
7
7
7
Bridge bonds
...
do
do
do
May & November.
Feb.,May, Aug.& Noy.
May & November,
..var.
Water loan.
135
7
qo
do
do
do
do
do
do
do
1863.
6
6
7
6
dc
do
do
do
do
do
*
do
January & J11I-..
do
do
do
Bid.
Payable.
May & November.
Feb.,May Aug.&Nov.
1870.
Floating debt stock
1860.
Market stock
1865-68.
Soldiers’aid fund
1868
do
Months
do
do
do
do
..1853-65.
1852.
Dock bonds
do
Jersey City:
100
75
Q.-F.
10
15
7
10
10
20
10
5
7
4
20
20
Feb., May Aug.&Nov.
Central Park bonds..1853-57.
do
60
J. & J.
10
15
5
14
14
246,825
+162,560
Rate.
-
|t
93
200,000
797,000
167,000
1,(99,500
350,000
200,000
150,000
399,500
750,000
250,000
2,000,000
2,000,000
600,000
120,000
io'
”75*
Bondsdue.
Improvement stock.... 1869
J. &D
J. & .1.
J. & J.
M.&N.
A.&O.
7
10
10
20
10
8U*
110
205
Interest.
do
-
5
10
256,690 10
j
10
15
7
10
20
20
10
10
10
15
10
10
10
20
10
10
17
10
20
20
10
20
20
10
10
12
30
’
[Quotations by Daniel A. Moban. Broker, 40 Wall Street.]
102
„
7)4
9*
95
150
106
Feb., 75.1(
Jan.. 75. U 215
Jan ,75..K 160
Feb., 75.10 165
Jan., 75.10 140
85
Jan., 75..5
Jan., 75..5
Jan., 75.1U 125
Jan,’75.4.80 117
Apr., 75.15 240
Jan., 75 .7 115
Jan., 75..5
Jan., 75. .5
Jan., 75. .5 100
Jan., 75..8 125
85
Jan., 75. .5
Jan., 75..6 no
Feb.,75. .5 77)*
99
Jan., 75. .5
Jan 75. .5 115
Jan..75...8 ISO
Jan., 75.25 800
83
Jan,, 75. .5
Over all liabilities. Including reinsurance, capital and profit scrip
+Stock dividends of 25 per cent by the Hanover and Westchester, and
by the Home, have since been declared out of above net surplus.
95
92
105
.
75
10
100
90
100
Jan., 75.
10
10
90,597
200.000
147
May
75.
3)4 Jan., 75
M.& S.
F.&A.
1,600,000
2,000,000
1,000,000
203,000
750,000
220,000
1,000,000
200,000
200,000
300,000
200,000
150,000
250,000
8*
128,600
350,139
165,216
211,544
182,708
536,222
12,!<00
43,051
101,002
58,877
80,441
191,749
100
9S
694,000
2,100,000
307,000
1,200,000
Tradesmen’s
United States
Westchester
11
22
10
10
122,479 10
50,008 11
151,868 10
36,755
121,476 12"
234,314 20
96,648 12
810,985 20
196,0t’1 16
20,520
426,524 **
350,000
200,000
200,000
150,000
150,000
25
50
100
100
25
25
25
10
5
115,712
187,759
315,758 18
122
1880
550.000
600,000
Resolute
:o
10
13
10
10
10
5
10
4
:o
10
10
12)4 15
23
50
10
20
20
10
10
10
10
10
io*
85
145
102
70
75
105
City Securities!.
75
J«n. 4, 75
7
1,161,000
Republic
Ridgewood
8)4
20
10
79,363
500.000
156
7
J. & J.
J. & J.
400,000
300,000
Phenix (B’klvnj
Produce Exchange
Relief
5
169,447
67,238
210,000
„
5
10
10
80,264
121,817
83,445
200,000
200,000
’75. 290
7.
2)4 Apr..
J
200,000
....
I.’
35
100
100
50
25
25
100
20
20
50
100
50
100
100
100
25
100
17
10
10
13
10
30
10
’.0
10
174.672
J
72)4
*
166
74.
M.&N.
1,000,000
North Elver
Pacific
Park
Peter Cooper.
Sterling
Stuyvesant
Mch. 9, 75
4
1,000.000
500,000
4,000,000
1,000,000
300,000
466,000
Niagara
100
*
37K
Safeguard
Bid. Aska
75.
.
10
50
50
..
Rutgers’
1
dividend.
Jan
Metropolitan
St. Nicholas
Standard
Star
Last
5
50
T
SI ,306
200,000
200,01
150,00
280,000
150,000
200,000
150,000
200,000
800,000
200,000
250,000
200,000
150,000
200,000
200,000
300,000
200,000
200,000
200,000
.
..
-
.
Mercantile..
Merchants’
People’s
.....
•
Lorillard
Manuf & Builders*.
Manhattan
Mech.&Trad’rs’
..
.....
.
Lamar..
Lenox
Montauk (B’klvnj.
Nassau (B’klyii)..
National
N. Y. Equitable...
New York Fire
N. Y.-& lonkers..
•
140
75...4|
10
5
J. & J.
J. & J.
M. & S.
M. & S
J.& J.
5 000,000
900.000
100
1000
100
1000
.
..
•
Lafayette (B’klyn)
10
94,133
105,654 10
200,000
*
Askd
July, 74..1
14* 20
14)4
26,27 6
92,615
150,000
500,000
200,000
S.COO.OOO
150,000
500,000
•
5
20
30
10)4 17
14
19,937
322.559
398,751
116.672
825,224
43,007
125,796
+329,097
90,653
+885,281
29,741
143,162
77,712
14,861
136,244
•
<0.
AD •• «5. *4
Jan., 75..5
Jan.. 75..5
Dec., 74. id
20
20
13
97,940
Jan .,
10
10
20
5
10
20
.
10
10
123,679 10
366,601 20
474,019 20
119.558 10
200,000
10
14
10
7*
io'
212,373
209.894
156,907
49,737
27,478
500,000
200,000
Mechanlcs’(Bklyn)
......
..
....
Long Island(Bkly.
......
300,000
200,000
50
100
25
50
50
101'
30
20
40
50
100
25
50
25
100
100
25
Kings Co. (B’klyn)
106"
200,000
200,000
153,000
Bid
Jan., 75..S
J«n., 75. .1
<5> 1
3* 10
14
10
106,686
390,875 20
7,721
260,575 ii'
240,411 20
1,000,000
15
50
Knickerbocker.
126
103
200,000
300,000
25
Hope
Jefferson
5,065
15,486
200.000
Last Paid
2 1S7J 187
68,766 12
200,000
200,000
100
1871
22,117
54,389
244,663 17
400.000
100
50
50
Irving
‘i03)t
.
Firemen’s
Firemen’s Fund...
Firemen’s Trust..
Gebhard
German-Ameri can
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover
Hoffman
Home
Importers’* Trad.
.....
Mey 1.75...5
April,
iy. April.
4
Oct.,
4
Feb.,
Commercial
Continental..
Eagle
Empire City
Howard
......
560,000
3d mortgage
Jhtrd
100
100
1000
50
100"
1010
1000
1000
100
1000
Second Avenue—stock
1st mortgage
2d
......
650.000
Cvneulsland dk Brook'n—1st mort 1000
l>ry Dock,E. B. dkBattery—etoc.k
Istmortgage. cons’d
.
Jari.2’74.2)4g
r>
A. & O.
F.&A.
1,850,000
386,000
4,000,000
V-00,000
1.000,000
500,000
100
■1st mortgage
i000
Seventh Ave—stock. 100
"roadway
Mist mort
1000
lortgage
«
"97"
Jan. 2,'75\ 4
Jan. 2.75...5
Jan. 2.
Commerce Fire...
Farragut
......
May 10.75.. 4
t
Clinton
Columbia
Emporium........
Exchange Place, j
Q-F.
1,000,000
Bleecker Ht.dk FultonFerry—stock
•
.
200,000
200,000
210,000
250,000
800,000
200,000
200,000
1,000,000
40
300,000
100
200,000
100
200,0t0
SO
200,000
50
200,000
17
204,000
10
150,000
10
150,000
100
200,000
City
Exchange
Stocks and Bonds.
53,000
21,n00
50
*:oo '
94
Jan.2, 75...4
2X
Citizens’
..
...
.
Jan. 2.75...5
Jan. 2,75.3)4
8
8
Broadway
Brooklyn
*93'
99
.
3)4 Julyl 3,74.3)4
8
Feb. 3, 75. 4
8
Feb. 8, 75 .4
8
Jan. 2,75...3
12
Jan. 2. 75...7
12
Jan. 2,75...6
3)4
.
Brewers’ & M’lst’rs
.
.
...
...
200
Jan., ’73. .3
Jan. 2.’75 .4
July 1, ’74.3)4
Jan. 2.’75...6
Mayl 75...8
Jan. 2,’75...6
8
7
12
12
12
10
7
Arctic
Atlantic
..
5
Jan. 2,’75.. .7
Jan. 2,’75...4
May, *73...5
Jan. 2.’75... 4
8
n
300.000
Jersey City & Hoboken
.
.
......
7)4 May 1,*75....3
10
May I.*75. ..5
9
May 1. '75 ..4
8
Jan 2,’75...4
4
Jan. 2,’75...4
8
Jan.2, '75. .4
10
Jan. 4, *75...5
8
Apl. 1,’75. .4
8
May lo,'75. .4
10
Jan. 2,’75...5
6
1,200,000
Harlem...:
.
Amity..
Bowery
.
•
......
Jan. 2, ’75...7
Jan. 2, ’75...5
Jan. 2,'75...6
3)4 Feb.l2.’74.?B
9
Jan.10,’75.. .4
10
Feb. 10.75..5
Jan.2,’75..3)4
Jan. 2, ’75...5
11
10
Jan. 2,'75...5
10
Jan.2,’75 ..5
14
8
12
7
2,000,000
certificates....
*75.
•
.»
July 1. ’74.. 4
Men. 1, ’75..4
«
do
•
Jan. 2. 75...3
Jan. 2,’75.. 4
Par Amount, Periods.
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn
1,601
11 2-3 May l, ’75.,-5
8
Apl iO, *75. :4
3
Feb.l, ’74...3
7
May 1, *74...7
10
May, 1,75...8
20
Nov.l,’74..10
[Quotations by Charles Otis, Broker, 47
Gas Companies.
.....
JulvlU,’73.3)4
Jan. 2,’75...4
Jan. 4, 75.3)4
Apl.5. '75.2)4
7
10
20
#
‘ico"
300
121
98
135
25
100
50
100
100
20
50
25
100
25
17
20
70
100
30
100
50
100
^Etna
American
American Exch’e.
Price.
Dividends.
plus,
Jan. 1,
Par Amount.
1875.*
Adriatic
'250"
July 1, ’74...4
8
10
8
8
156
120
117
Jan. 2,’75...5
Jan. 2,*75.. .4
Jan.'2, ’75.. .5
Mch. 1, ’75.15
Jan. 2,’75...5
May i, *75.. .5
Jan. 4, <5..-4
Jan. 4. *75...4
Feb. 1, 75...5
4
10
15
9
•
Jan. 2. ’75..6
Jan. 2, *75.. 12
Mch. 1, *75..5
io
10
12
7
8
7
14
156
.
COMPANIES.
Askd
Bid.
J ah
8
12
24
24
16
108
12
100
10
20
8
.
.
Last Paid.
2**75, *5
May 1.-75...4
1873
Net Sub
Capital.
^
are
Pai Amount
Price.
Dividends.
Capital.
COMPANIES.
do
do
do
Jan., May, .1 uly * > oy.
1870-80
1875-79
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1874-95
1871-76
1901
1878
1894-97
1878-75
1876
1889
1879-90
1901
1888
1879-82
18771899-1902
1872-79
1874-1900
1875-01
91
101
90
Kl
101
109
101
9 1
ICO
97
108
100
107
1(0
•:oi
101
104)4
107
101
103
90
100
102
*99
Ask.
92
101)4
91
101)4
101)4
110
102
91
101)4
98
110
101
110
101)4
102
102
108
no
102
106
95
102
102
103
101
Broker, 2)4 w all st/)
January * July,
do
do
do
do
00
do
ho
do
do
do
do
do
May * November,
do
do
1875-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
1880-88
1875-80
108)4
1(6H
105H
109
107)4
i< 8
111
112
1(9
:w*
103H
1(2
K-7
101
103)4
;<’9)4
108
108
[Hay 1G, 1875
THE CHRONICLE.
474
COMPARATIVE STATEMENT FOR FOUR
3 UDestments
AND
STATE, CITY AND
“ Investors’
The
hereafter
on
Road and
1871.
Supplement” will be published
of each month.
regularly
the last Saturday
REPORTS.
Chicago Milwaukee & St. Paul Railway.
(For the year ending December 31, 1874).
The President’s report shows
and operated by the company is
preceding year, to-wit 1,399
In addition to the
Railroad.
4
3
3
3
3
11-100
76-100
04-100
49-100
10-100
cts.
cts.
c s.
cts.
Union
for freights for a
2 82-100
54-100
43-100
50-100
For 1870
For 1871
For 1872
For 1873...
For 1874
cts.
.....
2
2
2
2
182
103
56
198
1,399
57
203
106
57
2,720
2,984
2,995
590
629
671
665
107
Operations and Fiscal Results.
967,754
936,172
849,631
Passengers carried
49,193,242
52,252,558
:... 45,729.478
Passenger mileage
3.58c.
3.59c.
3.65c.
Charge per passenger per mile.
1,791,504
1,697,826
1,463.155
Freight (tons) carried
173,676,258 187,361,638 257,638,532
Freight (tons) mileage
2.50c.
2.43c.
2.54c.
Charge per ton per mile
$
■s
$
1,857,196
1,775,715
1,698,569
Fassengcr earnings
6,421,369
4,566,991
4,444,469
Freight earnings
767,558
615,065
Miscellaneous receipts
547,658
.
$2,001,000,
the capital stock of the Western
price, per ton per mile, received
past, has been as follows :
1865
1866
1867
1868
1569
For
For
For
For
For
miles.
above mileage the company own
stock, being a majority of
The average
series of years
that the number of miles owned
the same as at the close of the
1874.
1,399
2,470
Flat and coal cars
1873.
1,289
155
103
62
Passenger cars
Baggage, &c., cars
Box, freight, &c., cars
1872.
1,018
Dec. 31.
Road owned and oper.
Locomotive engines
.
CORPORATION FINANCES.
ANNUAL
Equipment.
YEARS.
cts.
cts-
ctscts.
38-100 cts*
The increase in the bond account arises from the issue of con¬
solidated bonds to the holders of preferred stock, in payment of the
dividend for 1873, as referred to in the report for that year. There
has been no increase in the preferred or common stock.
1,051,527
53,269,4293.35c.
1,735.555
259,168,243
2.38c.
$
1,933,664
6,137,151
882,200
9,046,123
6,594,560
8,953,017
5,871,116
2.451,563
2,282,155
1,839,643
1,435,860
$
$
$
Financial Condition at Close of Each Year.
15,399,261
13,398,554
Common stock
11,823,496
12,274,483
10,825,777
Preferred stock
10,825,719
26,231,610
23,9 5,023
Funded debt
18,151,339
2,046,257
1,242,344
Other accounts.
600,U09
1,587,032
1,458,461
Income account
1,781,801
3,081,900
1,951,162
$
6,690,696
3,850,355
Gross earnings
Operat ing expenses
—.
Net earnings
Interest oh mortgage
..
6,957,771
4,695,616
2,840.341
1,317,735
bonds....
15,399,261
12,274,483
27,119,610
1.831,114
1,706,140
...
“
43.182,364
Total liabilities
Road and equipment
39,700,789
Western Union R. R. stock
1,500,750
Other stocks and bonds........
89,033
Materials
309,213
Other accounts
1,096,375
Cash on hand
495,704
principally from
The large decrease in operating expenses, arises
the reduced expenditure for renewal of track, the company
“
,
50,910,159
47,375,529
1,590,750
183,771
410,511
1,298,412
141,186
57,588,613
54,103.267
1,500,750
183,771
527,116
778,988
53,330,608
54,591,871
1,500,750
168,771
701,432
499,374
having
868,408
494,751
laid, in 1874,13,513 tons of steel and iron rails, against 10,829 tons
58,330,608
57,588,643
50,910,159
Total property and assets
43,182,864
during 1873. The cost of renewal of track, during the year 1874,
was further reduced by the
proceeds of sale of old iron rails.
St. Louis Kansas City & Northern,
During the year, five locomotives, two baggage and twenty-three
(For eleven months, ending December 31, 1874).
box cars, were added to the equipment of the road.
At the close
The directors’ report shows : That the present Board were elected
of the year, the company had 188 miles of steel rail, upon their
on the loth of April, 1874.
Tbe first three months were consumed
road-bed, of which 09 were laid during the year.
The Legislature of Minnesota repealed its act, leaving the roads in efforts to ascertain the exact condition of the property financial¬
ly, and in respect to its connections and arrangements for business.
to fix their own rates, and the act of Iowa is not seriously oppres¬
An immense mass of unsettled claims for rebates and claims
sive upon this company, except that it limits passenger rates to
from connecting roads were found and were urgently pressed for
three cents per mile.
settlement. The mass of claims of this character have been reduc¬
As to the famous Wisconsin law, the President says :
Our counsel are sanguine in the opinion that the Supreme Court ed to some 261, having disposed of $580,995 of them for the sum
of the United States must hold this law (of Wisconsin) invalid, and of $69,550.
The agreement of May, 1872, between tbe Pennsylvania Com¬
the present indications of public sentiment are not favorable to
this kind of legislation. Your board feel quite confident that relief pany, the Chicago & Alton Railroad Company, and tbe Kansas
from this injustice will soon come, either from the courts or the Pacific Railway Company, providing, in connection with your road,
for a great through line from the Atlantic to the Pacific—with the
Legislature, or as they trust, from both.”
'
purpose of controlling the mass of traffic in passengers and freight—
EARNINGS AND EXPENSES IN 1874.
Total
utterly failed of its object, for no other reason than an entire
Decrease.
1873.
1874.
Increase. Decrease.
neglect of the parties to carry out their agreements. At your last
From freight:
$284,217 40
$6,421,369 24 $6,137,151 84
annual meeting you considered this question, and we were instruct¬
Passengers
1.857,196 43 1,933,664 98 $76,468 55
ed to break up the contract. This was accomplished by suitable
Mails, expr'ss,&c 767,557 90
882,200 29 114,642 39
papers, under the date of March 23,1874, apd the common stock
...
“
“
I
Total earnings.$9,046,123 57
$8,953,017 11 $191,110 94 $284,217 40 $93,106 46
Gross
5,871,116 38
6.594,560 33
STATEMENT OF EARNINGS AND
Chic. & Mil.
Div sion.
Gross earnings$l,l 14,750
Tot. expenses.
714,090
57 $2,300,889 44 $741,244 21 $2,457,429 54 $1,469,340 39
82 1,509,909 19 429,608 38 1,490,130 04 1,075,959 71
$790,980 25 $311,635 83
$400,659 75
Net earnings
EXPENSES BY DIVISIONS.
River
Pr. Du Cliien I. & M. and
Division.
Division. I. & D, Divs.
La Crosse
Division.
522,132 32
Total expenses
Net earnings
Excess of expenses..,
$207,041 81
GENERAL
Railroad stock
City of Hastings bonds
City of St. Paul bonds
Stock of material on hand
U. S. Government Post Office Department
Balance due from agents and other companies,
“Freight and Ticket Accounts,”.
Mi-'cellaueous accounts
Cash on hand
do
common
J
Miscellaneous accounts
Dividends unpaid
Coupon account
Income uccount
14,000 00
10,000 00—
24,000 00
701,432 49
$48,290 11
175,133 18
275,951 46—
499,374 75
868.40S 54
27,119,610 00
$965,421 59
620,000 00
62,239 68
bills
Loan account
Deferred payments on real » state, Chicago
Due other railway companies, "Freight and
Accounts.”
$54,591,871 34
$1,500,750 00
15,000 00
129,771 13— 1,645,521 13
$58,330,608 25
$12,274,433 00
15,399,261 00—27,673,744 00
Funded debt
Unpaid pay-rolls and
$3,081,900 73
31, 1874.
.
Capital stock, preferred
$8,953,017 11
5,871,116 38
$15,703 10
$4,800 19
ACCOUNT DECEMBER
Cost of road.
Western Union Railroad stock
St. Paul, Stillwater & Taylor's Falls
Madison & Portage Railroad bonds
Total.
$78,3o0 53
62,657 43
$61,828 30
66,628 49
$729,174 13
earnings
$393,380 68
$967,299 50
Hast, and Ill. and Iowa
Dak. Div.
Division.
Northern
Division.
Ticket
The question of your leased roads has
the Board. Not being satisfied to undertake their adjustment
until a season’s trial of them had enabled us to determine their
value to this Companv, we have, after such trial, arrived at a con¬
clusion, and have offered to the
9.993 67
105,996 08
6.904 33
60,558 74
1,706,140 16— 3,537,254 25
The following comparative statement which we have com¬
piled from the present and three previous reports, will show at
a glance the relative condition
and operations of the company
for four years past:
„
1st. Louis & Cedar Rapids Branch
County Branch twenty per cent of their gross
receipts, and we cannot advise any advance upon that rate—the
taxes in both cases to ba paid by us.
Neither of those companies
have yet (March 2, 1875) signified their acceptance of our proposal,
but we have hopes that they will see it to their interest to do so.
As long ago as’June last a lease of tbe St. Joseph Branch was
entered into between the officers of tbe respective companies, upon
a rental of $10,000 for the first two years, and for the next three
succeeding years, $35,000, and thereafter during the existence of
the lease, thirty per cent of gross receipts and taxes, with a
guarantee of a minimum of $25,000.
We have not ourselves operated the Brunswick & Chillicothe
road the past year, its ownershaving leased it temporarily to other
parties, who are operating it in connection with your (jompany,
under satisfactory arrangements. The extension of that road to
Pattonsburg, or the part between Chillicothe and Pattonsburg,
and known as the St. Louis Council Bluffs & Omaha Railway,this
company ceased to operate May 31,1874, shortly after this Board
took charge.
The lease of the St. Charles bridge has always been regarded as
extremely oppressive, both in the sums of money agreed to be
paid for its use and in its other provisions. The cost to this
company by the terms of the lease for toll charges, taxes and
repairs, will amount to about $200,000 per annum, and in addition,
this company has undertaken to assume the liability of all casu¬
and the Boone
alties of whatever nature.
The Board, entertaining
$58,330,608 25
was issued for and held by trustees, for tbe purpose of
controlling the mangement of your company as to matters con¬
templated in the agreement, was released, and distributed among
its owners in exchange for their income certificates.
which
occupied the attention of
$2,451,563 24 $3,081,900 73 $630,337 49
Net earnings
'
$93,106 46
723,443 95
$9,040,123 57 $8,953,017 11
earnings
Total expenses
Gross
Decrease.
Increase.
1874.
1873.
these views of the provisions
of this
the
lease, the papers were submitted to the law department of
company, and after a thorough examination of them, they were
returned with the written opinion of the company’s attorney, that
the lease was illegal and of no binding force, neither tbe Bridge
Company nor tbe Railroad Company having power under
charters to make such contract as they had attempted to make.
The legal question is now before the courts in an amicable
which will be decided speedily, and, whichever way it may be, the
their
friendly relations of the two
thereby.
companies will not
suit,
be disturbed
475
THE CHRONICLE
May 15, 1875.]
stockholders annual meeting, March 2,1875, the leases
of the Boone County & Boonville, the St. Louis & Cedar Rapids,
and the St. Louis Council Bluffs & Omaha roads, were not ratified,
and the President was directed to continue negotiations).
In the adjustment of the mass of claims arising out of the accu¬
mulations of the previous year, already referred to, large expen¬
ditures were needed, and your floating debt was swelled by their
payment from $1,071,859 94, as given in the annual report of my
predecessor, to $1,327,973 20. By the application of $307,500
received from the sale of bonds, and the remainder from earnings,
this debt was reduced to $791,702 95, as of 31st December.
Under the resolution passed at your meeting in July last, we
have caused the mortgage known as the “ Real Estate Mortgage”
to be cancelled of record, and the 1250 bonds issued under its pro¬
visions, retired and destroyed, and have executed a fresh mortgage
on the same property as a first mortgage, and resting on all other
property of the company as second mortgage for three millions
of dollars. 2,000 of these bonds have been prepared and are called
Real Estate and Railway Mortgage Bonds,” and G15 of them
were disposed of to the stockholders prior to the 31st December
upon the terms authorized, viz.: at par, payable one-half in money
and one-half in preferred stock at par. From this source $307,500
of money were obtained and applied to the reduction of your float¬
ing debt, as already indicated. During the month of January 323
additional bonds were taken by stockholders, and the money pay
ment applied to the further reduction of the floating debt.
The
preferred stock received from these sales has gone into your
treasury, and we would recommend its being held there as
sinking fund” for the final redemption of an equal amou nt of the
bonds. We shall probably not increase this issue of bonds beyonc
(At the
“
securities
to surrender
but for placing its
relief of the property from its embarrassment,
in the future in a position of assured strength.
Under this plan the holders cf the first mortgage
and convert their coupous for two years, amounting to
Income Notes of the company, bearing interest at seven
bonds were
$640,200, into ten year
per cent per annum,
paiment of the fame being secured by the coupons held in tiust: prwided,—
The holders of the second and consolidated mortgage bonds, together with
the holders of the three years notes cf the company, would exchange their
securities for preferred stock, entitled to a cumulative dividend of eight per
cent per annum from Aug, 1, 1873, before any dividend should he declared on
the common stock. Up to this date this plan has been agreed to. practicalljr,
by all of the first mortgage bondholders and by the holders of more than threequarters of the lower securities. A sufficient number, however, of these lower
securities remain outstanding to defeat the plan, and the fo.lowing statement
is earnestly presented for their serious consideration
'1st. If the plan is consummated, a most conservative estimate of the
earnings of the property demonstrates that a dividend will be earned upon tho
proposed amount of the preferred stock in the year 1876, after fully providing
for all the necessities of the road.
r
2d. The failure of this plan would compel the return to the holders of thefirst
mortgage bonds, of the coupons they have conditionally surrendered, amount¬
ing to $640,260, thus bringing them into life again as a prior lien to the lower
securities, and not only postponing the payment of auy interest or dividend
upon these lower securities for three crfour years' times but, perhaps, giving
rise to expensive and needless litigation, to avoid which, the plan of March 25,
1874 was originated.
3d. 'i he principal of the following lower
in some way he provided for:
St. Joseph & Council Bluffs 8 per cent
Three year 10 per cent company notes,
securities is now over due and must
$539,500
bonds due June 1, 1874..
due Oct. 1874 to June, 1875— 305,000
$844,500
the scheme we presented under date of March 25,1874, for
converting these securities, with others, into preferred stock, with the guarded
provision that said preferred stock shall constitute a prior lien to any future
mortgage that may be placed upon the road, is Bound, and will place the prop¬
erty in such a position of strength that all of its securities will in the near
future regain and hold their former marker value.
In view of the above facts, and that the holders of more than two-thirds of
they?;\!tf mortgage bonds have no interest in the lower securities, and that liberal
concessions were made by these first mortgage bondholders under the plan, at
$1,250,000.
time when ihe affairs of the company were not as prosperous and encourag¬
The statement of the operations of the five months, commencing
ing for the future as now, and con'd not be again obtained if this plan fails ; it
with 1st of August and terminating 31st December, is worthy o]' cannot he regarded as wise policy for the holders of the lower (securities to
especial attention, as the previous months of our administration jeopardize and perhaps destroy their interests by refusing to become parties
to the same.
are not a fair test of the capabilities of your property, for reasons
The road operated is from Kansas City, Mo., to Council Bluffs,
199'30 miles.
already stated in this report. The fiscal year, which formerly
Iowa
terminated January 31, having been changed to close December Amazonia, Mo., to Hopkins, Mo
50 20 “
St. Joseph, Mo., to Atchison, Kansas (leased)
25 00 “
31, these reports cover a period of only eleven months.
The following statement of earnings and expenses during the
Total
274 50 miles.
eleven months shows the expenses to have been 72 52-100 per Earnings per mile operated...
$5,231 59
cent of the earnings.
Earnings and expenses for the year 1874 were as follows :
Station expenses
$153,339 61
GROSS EARNINGS.
It is believed that
"
a
$1,494,946 13
781.649 10
Freight
Passengers
Mails
53,850 63
Express
Miscellaneous
66,672 63
3,532 10
$2,405,650 59
Total
OPERATING EXPENSES.
“
204,711 27
438,155 18
11,883 16
Buildings....
3,503 42
“
Fences
Insurance
Use of foreign cars
109,358 60
20.442 14
48,779 65
The bridges, trestle-work, and
had been neglected in previous
freight equipment of the line
years, and an extraordinary
forced on the year 1874. The proportion of operating
to earniDgs was 69 21-100 per cent for the eleven months
taking only the regular expeuses which belonged to the year.
Taking thus the earnings and expenses belonging to the year
proper, the figures were divided as follows:
expense was
expenses
Feb. 1 to July 31.
(6 months.)
earnings
Operating expenses
Gross
Net
earnings..''.....
July 31 to Dec. 31.
(5 months.)
$1,123,049 49
63 82-100
838.669 85
284,379 64
Per cent
Right of way in Ottumwa
Construction fund, balance unpaid
'
31, 1874.
*
$867 40
450 00—
2.625 shares
/
Subs'cribers to real estate bonds—
Ba ance due in preferred stock
Supplies on hand ~
Supply department
Engineer department
Storekeeper department
Fuel department
Balance at debit income account
15,555 05
1,317 40
70,650 00
2,120,608 84
L., K. C. & N. Railway Company-
299 shares
742.011 00
69 21-100
$28,134,444 95
350,100 00
con.-traction
Preferred stock of the St.
$17,940 00
262,500 00-
280,440 00
45,000 00
5,408 12
70,365 35
76,314 !-0
2,931 76— 155,020 03
233,666 68
$31,406,702 95
$12,000,000 00
12,000,0u0 00
Common stock...;
Preferred stock
Total capital stock
Seven per cent first mortgage
on
hand.
Floating debt....
and miscellaneous
*
Total
Expenses
From this should he deducted for
track and charged to operating,
Actual operating expense,
Taxes
Rent of Kansas City
and miscellaneous
Total net
bonds N. Mo. RR., assumed by this
earnings for 1874
there has been charged
equipment accounts
$2,789,413
mortgage bond coupons
577,140
6,909,COO
305,000
issued
depot grounds
Real estate no:es,
for new
at St. Joseph
To Burlington & Mo. River
Railroad Co
To land account, proceeds
of sales
To unpaid ply-rolls and
$21,000,000
6,000,000 00
615,000 00
...
791,702 95
$31,406,702 95
1, 1875.
By construction account...
By equipment
By material on hand for
41,811
future use
By real estate in St. Jose
By amount due from U.
Government
49,238
h
S.
acc'i.
from
connecting loads
22,518
31,680
By discount suspense
amounts due
By
agents,
and miscellaneous
acc’ts.
32,503 By cash and balances iu
600,462
30,051
By income account
50,731
71,704
hands of treasurer
$10,911,722
Total
223,613
Columbus & Hocking
Valley.
(For the Year Ending Bee. 31, 1874.)
Earnings and expenses for the year 1874 were as follows:
Cr.
Passenger earnings
Freight earnings
Express and mail earnings
Telegraph earnings
'.
,•
$120,034
579,664
12,504
928
4,359
18
35
14
52
07$717,490
56
Dr.
$<^66^30
25,902 <2
149,023 13
28.328 93
75,603 00
4,591 30
Road expense
Locomotive expense
Transportation expense
Car expense....
expense
Net earning3 for 1874....
•.
Ratio of expenses to earnings,
360,413 38
$357,077 18
50 £0-100 per cent.
was
reduced
of operating the road for 1874 This differcent, against 65 per cent in 1873.
ence resulted mainly from the fact that the large expenditures
lor road repairs and for damages occasioned by the flood in 1873,
increased the expenses for that year, and the reduced tonnage,
resulting from the depressed state of the business of the country,
reduced the road expenses for 1874.
During the year 1875, quite an amount of renewal of
The
expense
to 50 20-100 per
Joseph & Council Bluffs Railroad.
{For the year ending Bee. 31, 1874.)
From the annual report it appears that the earnings of the road
show a gratifying increase over those of last year. The follow¬
ing is an extract from that part of the directors’ report relating
to the company’s funding scheme :
and ballast will be required—1,200 tons of
It is well known, however, to the bondholders of this company thfrt a plan
recently been contracted for.
was submitted to them, under date of March 25, 1874, looking not only to the
Kansas City St.
$8,914,583
1,128 900
$10,911,722
Total
General operating
Loss and damage
$873,842 27
82,139 32
$494,908 72
$137,521
and
45,000
...
accounts
to construction
JAN.
BALANCE SHEET TO
Mileage
$1,060,689 65
186,847 38
I
including taxes and rentals,
From these earnings
54
26
4,669 43
$941,164 54
Expenses, Boston office
Total operating expenses
Proportion of expenses to earnings,
65 537-1000 per cent.
70
60,000 00
40,148 98
grounds in St. Joseph,
bridge, tracks and
82
$849,417 96
13,071 83
$8-6.346 13
..
rails taken up from Savannah
but which are still on hand—
exclusive of taxes
00
company
Real estate bonds
Balances due by the company
Less balances due to the company
Cash
From mail
From express
To capital stock
Bonded debt
To Bills Payable—
Three year notes
Ten year coupon notes,
issued for funded first
1.668,183 30
823,513 45
457.631 36
GENERAL BALANCE SHEET, DECEMBER
Cost of road, equipment and appurtenances
St. Charles bridge stock
Real estate in St. Louis . T
Real estate and right of way on leased lines—
Real estate in Ottumwa
•
Expenditures for
(11 months.!
.$2,410,194 30
$1,287,144 81
74 67-100
Feb. 1 to Dec. 31
528,324
32,349
58,312
$1,436,073
From passengers;.....
$1,744,622 74
Total
661,027 85
20,885 38 Netearnings
99,624 94 Expenses, perct. of earnings, 72 52-100
$817,086 70
Earnings—From freight
194,358 09
Wuy...
“
$83,253 33
Salaries
General expenses
Legal expenses
Loss and damage
356,327 97
Train expenses
Maintenance of Machinery
“
Cars
track, ties
steel rail having
476
[May 15, 1875.
THE CHRONICLE
The reduction in tonnage
from 890,896 tons in 1873, to 568,022
1874, resulted from the stopping of a large number of
manufactories throughout the country, which greatly decreased
the consumption of coal.
The earnings in April, May and June
were from the local business of the road, the entire coal trans¬
portation having been cut off by a strike of the miners, which
lasted from the first of April to the first of July, and was then
brought to an end by the introduction of colored men from Vir¬
ginia, Kentucky and Tennessee.
GENERAL ACCOUNT DECEMBER 31, 1874.
tons in
taxes and fines claimed by the Government to be due, under vari¬
ous acts of Congress between June 1,1862, and Jan 1,1872
Dr.
Capital stock
$1,855,250 00
Bonds issued (30 years 7 per cent first mortgage)
Bonds issued (10 years 7 per cent first mortgage)
Bonds issued (20 years 7 per cent second mortgage)..:
Due Agents
Due connecting roads
Bills payable
Due individuals...
1,500,000 00
300,000 00
656,000 00
46
150 92
51,403 22
16,570 38
Dividends unpaid
560 00
367,512 30
Contingent account
Total
$4,747,447 28
Cr.
$48,455 27
2,801,482 50
251,677 50
Cash on hand
Construction—main line
Construction—Straitsville branch.
'
.
Monday Creek and Snow Fork Branches.
Equipment
21,036 85
1,262,561 97
".
Steam excavator
Real estate (shop,
9,079 37
".
switch, and depot grounds)
Shop tools and machinery
Fencing
,
Right of way (part of fencing included)
Telegraph line
Bills receivable
Due from agents—
Due from connecting roads
Due from individuals
135,815 52
25,796 09
24,543 62
Danville Hazleton & Wilkesbarre.—A meeting of the first
mortgage bondholders of the Danville Hazleton & Wilkesbarre
recently in Philadelphia, to adopt such measures
the sale of the road by the sheriff on liens prior
Mr. Ayers chairman of the committee of bond¬
holders, made a report which advocated an assessment on stock¬
holders necessary to liquidate claims.
The committee have
liquidated $13,000. The claim of the Pennsylvania R.R. in the
road is $46,025 26.
The sale by the sheriff is advertised for May
15.
The claims of the president of the company amounted to
$162,000. The session of the bondholders was lengthy, and was
terminated by the subject being referred to the committee.
Erie.—Erie has been unfavorably affected by rumors of financial
embarrassment.
A meeting of the directors was held this week,
at which President Jewett, ex-Gov. Morgan, and John Taylor
Johnston reported on the financial condition of the company.
According to the statement of one of the directors the floating
debt was reported at less than $2,000,000.
The interest maturing
in June amounts to $850,000.
In regard to the proposed sale of
the company’s coal lands the Tribune money article (Friday) says:
“Erie has continued strong, and closed at the highest point of
the day on what appears to be a confirmation of the company’s
successful negotiation of a loan with which to meet its June
interest.
In regard to the arrangement, if any has actually been
completed, the following will probably prove to be not very wide
railroad was held
as would prevent
to the mortgaga.
93,986 60
4,279 61
4,228 59
11,41160
,
2,884 24
5,217 95
45,000 00
Sinking fund
Total
$4,747,447 28
GENERAL
INVESTMENT
Alabama & Chattanooga
NEWS.
ware
payable
the
maturity the sum advanced is to form a portion of the purchase
money at a price for the coal lands which is now fixed.
In the
mean time
the two creditor companies enter into possession
and work the lands jointly, thus diverting from the Erie at once
a
Road.—Ab to the sale of this road,
This road was sold last Monday,
by Judge Grandin for the first mortgage bondholders
at $1,200,000, subject, however, to the lien of the receiver's certifi¬
cates, legal costs, and certain other liens having priority to the
first mortgage bonds—in all amounting to about a million dollars
and bid in
valuable coal traffic.”
Evansville & Crawfordsville.—The county commissioners of
Vanderburg County, Ind., recently sold 2,000 shares of the stock
of this
company to
Mr. A. E. Shrader, who represented Mr.
McKean, President of the Terre Haute & Indianapolis Company.
The sale was made at 36, and caused some comment, it being
claimed that the price was too low, and was made without public
in excess of the bid.
This amount the bondholders will have to
setile as best they can.# The sum bid will be paid in the bonds
that the associated bidders hold.
All this is, of course, dependent
the confirmation of the sale by Judge Woods next month.
It seems to be understood, at. the Chattanooga end of the road, at
least, that Mr. Stanton will remain in control of the property.
Chicago & Lake Huron.—Notice is given that there will be
sold at public auction in Pittsburgh, May 27, 495 bonds of the
Peninsular Railroad Co. pledged to the Continental Improve¬
ment Co. and 495 other bonds pledged to the Pennsylvania
Co.
These bonds were pledged to secure advances to the
Peninsular Railroad, now consolidated with the Chicago & Lake
Huron, and to secure the companies against certain other liabilities.
Chicago Milwaukee & St. Paul.—The annual election will
be held at Milwaukee, June 12, and Messrs. Alexander Mitchell,
president of the company, and J. E. Williams, president of the
New York Metropolitan Bank, have issued the following circular:
upon
of the
Companies lend to the Erie Company $500,000 at 7 percent,
on the 1st of January next, taking as collateral security
Erie Company’s coal lands.
If the loan shall not be paid at
Canal
the Atlanta Constitution says:
Office
truth, when the exact facts come to be known. The Dela¬
Lackawanna and Western, and the Delaware and Hudson
of the
Chicago, Milwaukee & St. Paul Railway Co., |
Street, New York, May 1, 1*75
f
Holders: We invite you to sign and return the
enclosed authority to vote for you at the annual meeting of the stockholders of
this company, to be held at Milwaukee on the 12th of June next.
We are in "favor of accepting the law, of which we enclose a copy, and shall,
if empowered, vote on your shares in accordance with this view, unlef-s other¬
No. 25 William
To the Stock’.and Bond
wise instructed.
Among the contemplated reforms it is intended that the office in New York
shall be used exclusively for the business of the company, and be under man¬
agement that will have no interest in the stock market inconsistent with that
of the shareholders.
Alexander Mitchell,
notice.
Frederick &
Pennsylvania Line.—The lease of this road to
duly recorded. It is for 999 years
sooner determined, the stipulation
the Pennsylvania has been
from January 1, 1875, unless
being that it can be annulled after January l, 1880, by giving one
year’s notice.
The Pennsylvania Railroad Company is to receive
all freights and fares, to make all improvements required, and in
case the Pennsylvania road does not make the necessary improve¬
ments, the Frederick & Pennsylvania Line Company is to issue
bonds to the amount of $300,000 for ih:s purpose. The Pennsyl¬
vania Companv takes formal possession about the middle of May.
Louisiana Finances.—Gov. Kellogg*on the 9th inst. filed with
the Secretary of State a veto of a bill passed during the extra
session making all State scrip, of whatever character, receivable
for back taxes.
He says, of the outstanding obligations of the
State $5,219,912, chiefly ante-bellum bonds, have been funded up
to date, and we have now in the Treasury $470,527 to the credit
of the interest upon the new consolidation bonds.
Kansas Pacific.—As a matter of record we give the points of
the recent agreement with the Union Pacific, as condensed in the
Railroad Gazette:
1. The Kansas Pacific and Colorado Central companies to be
consolidated under the name of the Kansas Pacific Railway
Company, the capital stock to be $20,000,000.
2. Of the new stock $10,000,000 shall be exchanged for the
present Kansas Pacific stock, and $10,000,000 shall be issued to
parties named by the Union Pacific, whereupon all outstanding
stock of the Colorado Central shall be cancelled.
John E. Williams.
3. The new company shall issue $5,000,000 of 7 per cent, bonds
The undersigned, directors, stock and bond holders of the Chicago, Milwau¬
kee & St. Paul Railway, concur in and approve of the foregoing application of
having 30 years to run,
a mortgage
Alexander Mitchell, pre>ident of the company, and John E. Williams, presi¬
subject to existing mortgages on
not
dent of the Metropolitan National Bank of New York : W. S Gurnee, Julius.
any of the Kansas
between
and
Wadsworth, E. L Frank and H. Crocker, directors; Ward, Campbell & Co.,
William and John O’Brien, Whitehouse <fc <;o., Vermilye & Co., Greenleaf,
posts.
Norris & Co., We:-ton & De Billier. J< sse Hoyt, David Dows, Cammann & Co.,
4. Of this $5,000,000 of bonds, $1,250,000 shall be used to retire
White. Morris & Co.. Baldwin & Kimball, Robert Bayard, Armour, Plankinthe Kansas Pacific income bonds at not more than 30 per cent,
ton & Co.. Talcott & Sons, Edward Hen. Clark, Dodste & Co., Haligarten &
which shall be secured by
both roads; it shall
include
Pacific lands
405th mile
the 393rd
of
Co., Jas. G. Gamier, Wm. Bryce A Co., H. L. Horton & Co., and Geo. Smith
of Lo.idon, formerly of Chicago, banker, by his attorneys, Geddes & Reid.
The objection alleged against Mr. Sage is, that he is a heavy
operator in stocks, particularly in “puts” and “calls,” and
that
the New York office of the company is used for speculative pur¬
It is well to hear both sides of a question, and Mr. Sage,
poses.
when applied to for information, is reported by the JV. Y. Tribune
saying that it was true that there were differences in the Board,
which would probably result in his retirement.
He had intended
to retire from the Vice-Presidency, and had so stated six months
as
he had not been absent from his duties as Vice
He states that he is now the largest pro
prietor and creditor of the road, holding more than $1,000,000 of!
ago.
In 12
President
years
seven
days.
its stock and bonds.
Charges had been made
in stock privileges.
Those charges were true.
that he had dealt
He did not intenc
to give up this business.
Mr. Mitchell had his banking business
and his Congressional duties to attend to, and was absent for
considerable periods. It is also stated that Mr/Sage is soliciting
proxies, and charges that the object of the President and his
friends in displacing him (Sage) is to saddle upon the company,
the Milwaukee & Northern Road.
-The United States District Attorney
has commenced a suit
against the Milwaukee & St. Paul Railway Company for $627,000
•
$525,000 shall be used to retire all of the Arkansas
Valley bonds not held by the Kansas Pacific.
5. There shall he issued to the Union Pacific $1,300,000 of
these bonds to be used in extinguishing the debt of the Colorado
Central, and it is agreed that that road shall he transferred free
from all debt except its funded debt.
(This is reported at
$615,000.)
6. The remaining $1,925,000 of bonds shall be used as far as
possible to retire $700,000 Junction City & Fort Kearney bonds
and $445,000 Kansas Pacific second-mortgage land-grant bonds,
the latter to be cancelled, and the Junction City & Fort Kearney
bonds, together with the $1,125,000 Arkansas Valley bonds, to be
retained by the company.
7. All stock in, and bonds of the Junction City & Fort Kearney,
the Arkansas Valley, the Denver Pacific, the Denver & Boulder
Valley, and the Colorado Central companies owned by either of
the parties hereto, shall be transferred to, and held by the trustees
of the five million mortgage before mentioned as further and
additional security for the said bonds.
8. In case of want of legal authority to complete the consolida¬
tion, the object desired shall be secured by any proper and legal
course, either by lease, running or traffic agreements, or other¬
their face, and
wise.
THE
May 15.1875]
Before the execution
of this contract it is stated that the follow¬
agreement was signed:
understood and agreed that if the arrangements for the
consolidation of the Kansas Pacific Railway Company and the
Colorado Central Railway Company now pending be carried out,
the Union Pacific Railroad Company will abandon to the Consoli¬
dated Company all the local traffic in Colorado, and will not
interfere therewith, and that the Consolidated Company will
abandon to the Union Pacific Company all claims to pro rata on
the traffic west of Cheyenne, and that such instrument as may be
necessary to carry out and effect this object shall be executed.”
The same paper says: The agreement of consolidation will
probably have to be ratified by a stock vote.
The County Board of Leavenworth County, Kansas, has passed
resolutions declaring that the transfer of 5,000 shares county
stock in this company made September 2, 1871, to the Farmers'
Loan & Trust Company as trustee, was fraudulent and void, and
directing the county officers to take the necessary steps to secure
a return of the certificate and to prevent any transfer of the stock
by said trustee.
Mariposa Mining Company.—Eugene Kelly, in a suit brought
by him to restrain the Mariposa Land and Mining Company from
ing
“
It is
transferring their property to a new company of the same name,
organized uuder the laws of California, on the ground that by
such a transfer the 50,000 shares of the company which he holds
as security
for a debt of about $120,000 would be rendered
worthless, obtained an injunction against the completion of that
transfer, and the appointment of a receiver of all the property of
The General Term of the Supreme Court, Judge
Daniels giving the opinion, holds that a full case for an injunc¬
tion was made out, and that ^ie affidavits of the defense that the
transfer was so far made as to be beyond the reach of injunction,
are too vague.
As to a receiver of the company’s property within
this State, the amount of which is small, the Court affirms the
action of the Special Term, but finds no reason for ordering all
the property of the company, the chief portion of which is in
California, to be assigned to the receiver, as that would be a
practical subversion of the whole company. The order is there¬
fore modified in that respect.—AT. Y. Times.
the company.
State renewal
awarded, May 10, by Gov. Hardin and the
J, & W. Seligman, of New York, at 99
Missouri State Bonds.—Six per cent currency
bonds for $800,000 were
fund commissioners, to
4 77
CHRONICLE.
cents.
by the Court, and the receiving by the Masters of the
purchase money, they shall convey the same, by good and suffic¬
ient conveyances, to the purchaser or purchasers.
The lands
and land grants conveyed in the mortgage or deed of trust shall
be sold at public sale a} places within the States and Territories
in which they may be situated, after not less than 00 days’ pre¬
vious notice, in single sections, to the highest bidder. At, any sale
of the property of the Northern Pacific Railroad Company, Jay
Cooke and Charlemagne Tower, or their successors as trustees,
may bid for and purchase it, or any part of it, in behalf of all the
holders of the bonds secured by the mortgage or deed of trust,
in the proportion of the respective interests of such holders. The
proceeds of the sale shall be applied in the following order:
such sale
incidental to the execu¬
preservation of the trust created in behalf of Jay Cooke and John
First—To the payment of the necessary expenses
tion and
Edgar Thomson, including a reasonable compensation for their own
and to the payment of all legal costs 1o the solicitor and counsel jof
plainants.
Second—To the
Stock
List the first consoli¬
dated guaranteed mortgage bonds of the Morris & Essex Railroad
Company. The total authorized issue is $25,000,000, and of this
$14,873,000 are held to ,provide for present bonded debt as it
Exchange added last week to the regular
matures, the remainder to pay for improvements now in course
of construction, comprising new tunnel, right of way, etc.;
basin in Hudson River at Hoboken, new shops at
with
the com¬
payment of all balances due for services rendered, labor
performed, or materials and supplies furnished to the company at any time
within the year next precoding the date of the entry of thi> order.
Third—To the payment of all legal taxes assessed or to be assessed against
the company.
Fourth—To the payment of balances due for
grounds for the use of the eompany.
the right of way or other
necessary
Fifth- To the payment of all sums due for moneys borrowed to pay interest
the mortgage debt, or to pay for labor and materials, for the re-payment
former or present offle >r of the company, or any other person at
upon
of which any
his or their instance, is surety.
Sixth—To the payment of all sums advanced or loaned
any lorme- or present director of the company, and which
been
so
applied.
Seventh—To the payment of
for like objects by
have in good faith
all liabilities of persons who have, at the
instance of the company or any of the officers and directors
sureties for the company in ttie prosecution of the defense of
thereof, become
suits.
Eighth—To the paym vi* f -• i '\ <>f tv first mortgage bonds as maybe
reported by the Master m this cause to aavo oee.i baud fide issued, and may
be outstanding and unpaid, together with the interest thereon.
Ninth—The residue thereof, if any, shall be subject t> such order and
priority in distribution as the Court shall hereafter establish for that pur¬
pose.
The decree closes by appointing Kenneth G. White the Master
Commissioner, to report to tbs Court all proceedings had under
the decree.
Ohio & Mississippi.—From the company’s statement accom¬
panying their application to the New York Stock Exchange, to
place
the bond list their $3,000,000 “ Springfield Division,”
extract the following :
on
first mortgage bonds, we
Length of road—
Main Line—Cincinnati to East St.
Morris & Essex.—The Committee on Stock List of the
services,
838
55
Louis.’.
Louisville Branch—North Vernon to Louisville
Second track and sidings
Total
63&
sidings.
693% miles.
Total
canalr
“
456)tf miles.
222 miles.
15% “
single track
Springfield Division—Beardstown, Ill., to Shawneetown, Ill
Second track and
miles.
“
The Ohio &
Mississippi Railway Company has acquired by
Kingsland,
purchase the Springfield & Illinois Southeastern railway for the
1,321 feet of water front on the Hudson sum of $2,000,000, 7 per cent currency bonds, being part of an
River, coal docks, etc. There nave been already expended upon issue of $3,000,000 Ohio & Mississippi Railway coupon bonds of
these improvements about $4,000,000, and the whole cost, when
$1,000 each, Nos. 1 to 3,000, dated Jan. 30, 1875, due ^7ov. 1, 1905,
completed, is estimated at $7,000,000. The Consolidated bonds interest 7 per cent, payable semi-annually (May 1 and Nov. 1),
are a lien upon these improvements and on all other property of
secured by a first mortgageon Springfield & Illinois Southeastern
the company, real, personal and mixed, acquired and to be
Railway, now called the Springfield Division of the Ohio and
acquired. The Morris & Essex Railroad is leased in perpetuity Mississippi Railway. Trustee, Fanners’ Loan and Trust Co.
abqjitlOO
acres
of land
;
to the Delaware Lackawanna & Western Railroad Company, and
the latter company guarantees these bonds by special endorse¬
ment, as follows :
The Delaware Lackawanna & Western Railroad C >mpany (lessees of the
property covered by the mortgage given to secure the payment of the within
bonds) having requested the Morris & bissex Railroad Company to make said
mortgage and to issue this bond, do hereby, for value received, guarantee its
payment, both principal and interest, and agree that the mortgage given to
secure its payment sh ill have a priority of lien upou the mortgaged property
over their lien and claims thereon as such lessees.
through
Illinois,
from Beardstown, on the Illinois River, through Springfield (the
capital of the State), Pana, Tower Hill and Flora—where it con¬
nects with the Ohio & Mississippi Railway—to Shawneetown, on
the Ohio River, a distance of 228 miles.
The $1,000,000 bonds in excess of the purchase price are
required to obtain money to carry out important improvements
on this Springfield Division, viz.:
New Orleans Mobile & Texas.—Reports from New Orleans
First—To get the right of way, grade, lay ties, iron and ballast over the six
state that there is some prospect for the resumption of work on
and one-half miles between Pana and Tower Hill, a link in the line of the S.
the New Orleans & Texas Railroad between that city and Houston, & I. S. E. R., now made over the Indianapolis & St. Louis road, under a leased
owing to an adjustment and compromise which has been effected rental.
Second—To build a branch railway to valuable coal and iron mines adjacent
between the State and railroad officials. The Attorney-General of
to the S. &I. S. E. R., in Hardin county, Ill., near Shawneetown.
Louisiana has agreed in the name of the State to join the other
Third—To build and complete repair shops, freight and passenger depots
parties in interest, in submitting all the vexed questions now in on the line of the road.
Fourth—To increase
litigation to the adjudication of the Court, without further dila¬ traffic requirements. the equipment and improve the track, to meet growing
tory pleadings.
The following condensed balance sheet shows the condition of
New York State Tax.—The tax levy of this State for the next the
company, Dec. 31, 1874:
Liabilities.
year, according to the bill reported to the Assembly, will be at the
rate of 5$ mills per dollar of valuation, or two mills less than the
Stock, common and preferred
$24,030,000 00
“This Division extends in a southeasterly direction,
the most fertile and best settled portion of the State of
“
“
rate of the
present year.
Northern Pacific Railroad.—In the United States Circuit
Court, in New York, May 13, in the foreclosure suit of Jay Cooke,
Charlemagne Tower, J. Farley Smith, Theodore Hosmer, William
S. Lane, and William A. Griswold, against the Northern Pacific
Railroad Company, Judge Shipman granted a decree ordering the
property of that company to be sold “ as an entirety,” except cer¬
tain parts of it specially provided for in the decree, at public
auction in front of the Custom-house in this city, on the first
Monday of August, 1875. The sale, subject to adjournment, is to
take place under the direction of Kenneth G. White, the Clerk of
the Court, and Oliver Fiske, United States Marshal for the South¬
ern District of New York.
The following are important parts of
the decree:
It is ordered that the
Bonded debt
Debenture sinking
10,678,000 00
It0,000 00
fund bonds
104,942 99
Pay-roll for December, 1874
231,086 52
Other indebtedness
$35,224,029 51
Assets.
Railroad and branch, including
equipment, real estate, depot
buildings, machiue shops, &e
Cash and accounts receivable
$34,805,250 92
418,778 59
$35,224,029 51
Earnings for the Fiscal Year ending June 30,
Louisville branch
Gross
Main line and
Expenses (including
Surplus
taxes)
.
1874.
$3,478,074 10
2,546,880 78
931,193 82
1874, inclusive.
property of the Northern Pacific Railroad
$1,953,205 78
Company, “ except the lands and land grants which Ere herein
l,848,r.21 83
specially provided for,” be sold in one entire parcel, as an entirety
Six months’ surplus
$604,483 45
on the first Monday of August, 1875.
The Masters shall give at
Toledo Wabash & Western.—At a meeting of the stockholders
least 60 days’ notice of such sale, and a fail description of the
property to be sold, by advertisement thereof once in each week at Toledo. May 12, but 7,000 shares were represented. Without
lor at least 60 days before the sale.
Upon the confirmation of action they adjourned sine die.
for Six Months, from July 1, 1874, to Dec. 31,
Main line and Louisville branch
Expenses (Including taxes)
Gross Earnings
•
tfflS CHR0MC?Lfe
478
Exports or Leadlua; Articles from New York,
The folio wingtable,compiledfrom Custom House returns,shove
®lje Commercial Stines.
COMMERCIAL EPITOME.
May 14, 1875.
pleasant, and some further
Friday Night,
The weather has become clear and
[May 15, 1875.
the exports of leading articles from the port of New York since
January 1,1875, to all the principal foreign countries,and also the
tot.alsforthe last week,andsince January 1. The last two lines
show total values,including the value of all other articles besides
those mentioned in the table.
has been made towards the resumption of inland navi¬
gation at the North and West. Really all the elements of brisk
trade seem to exist, but complaints of the unsatisfactory state of
progress
business continue to be heard.
irregular.
There was early in the
which sold for prime Western
steam, at 15|c. on the spot and for May, 15£c. for June, and 15fc
for July, but has since recovered £c., and closed to-day with
buyers at 15£c. for June and 15|c. for July.
There is an increas¬
ing quantity of new lard on the market at 14|@15c. for prime
steam.
Pork declined at the same time, but has since recovered,
Provisions have been very
week
a
further decline in lard,
o c*
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.
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exporters.
Export since Jan. 1—
galls.
From New York
Other ports
galls.
Total
1875.
1874,
37,485,451
18,408,597
®
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24,494,821
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supplies of the more bulky staples of domestic produce,
seem to have stimulated in some degree the shippers, and a
large number of vessels have chartered to load petroleum and
grain, while the room on the berth has been taken up pretty
well by grain and cotton. The business of to-day embraced
grain to Liverpool by steam at 5£@6d , and cotton 9-32d.; refined
petroleum to the continent from New York and Philadelphia at
4o. Hour ships taken); the same to Elsinore for orders at 4s. 3d,(&
4s. 6d ; the same to Bremen at 3s. 10£d., and crude petroleum to
Cette at 4s. Gd.; vessels with grain to Cork for orders quoted at
eral
CO
•
73
.OOOOi
05
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:$ :
we
notice
bags and 17,300 mats of other growths ; Rio quoted lower at 16£@
184c gold, for fair to prime cargoes. Rice is without new feature.
Molasses very firmly held aud quiet.
Sugars have accumulated
in stock, and yesterday some reduction in prices was made, in
order to improve business; Cuba, fair to good refining, 8^@8fc ;
standard crushed refined, life. The movement in sugars has
been as follows :
O lO a Irt •- O O»05*/3»-<003
•
05C0-TMSffQO-wOifM-
a
a
Boxes.
3,924
14,609
994
107,815
99,914
37 674
63.756
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70,513
159,978
are
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Melaclo.
1,133
^1 03
oT
.1-50 50
• O* 50 03
rT *
1,871
1,463
Bairs.
7,412
.
•
.
Hhds.
18,111
12,651
££
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55,800 bags Rio and 18,400
•
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fairly active, but
•
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Coffee has been freely offered, and
considerable accumulation of stocks
Metals
SoJ
O
Cl*
2
Foreign fruits have remained quiet.
Fith little doing.
’T,’1
•
r-t
4s, 9d.@5s.
8,021
Oi
00 OO^OC 3ji ^ O^i-^_or. n
TJ>-T
rf ti OJ 03
64,673,617
1,000 quintals new Georges at $5 50@5 75. Whiskey has been
excited by Government seizure of distilleries, and advanced to
$1 21. Strained rosin has declined to $1 90@1 95, and at this
reduction lias been fairly active. Spirits turpentine, at a slight
further decline to 34@31|c., has met with a brisk demand. There
has been some movement of a speculative character in Wilming¬
ton tar, at $2 12J-.
Freights have been active, but at low rates. A large supply
of room in port and on the berth, low rates, and prospective lib¬
Receipts past week
Sales past week
Stocks May 13, 1875
Stocks, 1874
o or
.
.or-TrioTn
o» r- <- os »o »
‘5JMWM1.
03 03
55,894,048
9£c. currency. Linseed oil has remained steady at G9(a)70c. Crude
sperm oil is lower at $i 75@1 77.
Codfish lower, with sales of
;
c«3ao
.
<
40,183,706
Kentucky tobacco has been in moderate demand and firm at
10@12|c. for lugs, and 14@25c. for leaf. The sales for the week
embraced 500 bhds., of which 350 were for export and 150 for
consumption.
Seed leaf has been fairly active and steady.
The sales embrace: Crop of 1873—80 cases Connecticut at 7(a)
104c.; 226 cases Ohio, mostly at 9£c.; 99 cases Connecticut, Ohio
and Wisconsin fillers at 7c.; 203 cases Wisconsin at 7<£)7£c., and
58 cases Pennsylvania on private terms; and crop of 1872 and
1873—180 cases New York at $@10|c.; also 200 cases sundry
kinds at 7i@55c.
Spanish tobacco has been in fair demand and
firm; the sales were 600 bales Havana at 90c.@$l 25.
Hides have been in fail demand and steady; dry Mexican sold
at 18@19c., and dry Montevideo at 241c. gold; and city slaughter at
•
-r
-
eo
closing to day, for new mess, $21.90 for June, $22 spot and July,
and $22 15 for August, with prime mess $19 50. Bacon has been
dull at 12£@12fc. for city long clear.
Cutmeats have been firmer,
with sales of rib bellies at 12@12£c., clear bellies at 13£@14c. and
dry salted shoulders at 8£@3£c.,other meats remaining quiet and
unchanged. Beet has been in steady demand and firm, and beef
hams have brought more money.
Tallow has been salable at
l-16c. for prime, and stearine closed at 154c. for prime
9@9
.Western.
Butter has been more active. Cheese has declined to
14£c. for prime new factories, and is more active at the reduction.
Petroleum has been active for export, but this has mainly
resulted from increased offerings, and prices have declined to 6c
lor crude in bulk and 12£c. for refined in barrels.
The accumula¬
tion is mainly of crude.
Low freights have also stimulated the
action of
03
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II)
:
:
*
:
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s|
: j
ao
S
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O 0
479
May 15,1875.j
total
exports for the week ending this evening reach a
24,348 bales, of which 17,198 were to Great Britain, 3,404 to
France, and 3,746 to the rest of the Continent, while the stocks,
as made up this evening, are now 426.706 bales.
Below are the
The
Leading; Articles.
Imports or
of
following table,-compiled from Custom House returns
the foreign imports of leading articles at this port since
-Jan. 1,1875, and for the same period of 1874 :
exports and stocks for the week and also for
week of last season.
[The quantity is given in packages when not otherwise specified.]
The
ghovvs
Jan.1,’75.
Metals, &c.—
Glass and
China,
Earthenware.
...
Glass
platf»
.
578.223
575
bales
Steel
253
16,162
L261
Indigo
L756
1 530
Madder
658
Oils, essential..
Oil, Olive
501
824
32S
13.381
10,030
Opium
Soda, bi-.carb....
Soda, sal
10,700
'437
17,700
15,388
325
21,51-3
Soda ash
Flax
Furs
Gunnv cloth
23,229
4,125
13,261
3 055
2,094
Hair
Hemp, bales
Hides, &c—
Bristles
1,554
-
.
4,108
22,189
Nuts
jSpices, &c.—
Cassia
474
2,706
2,740
23, b82
India rubber
Linseed
Molasses
341
Woods—
Cork
278,723
Fustic
36,260'
1
The
164,53!
56,614
10,171
125,507
44,291
127,206
56,747
Logwood
MaJiogany
146,592
1, 1875, and for
receipts of domestic produce since January
time in 1874, have been as follows : j
Same
Jan.1,’75. time 1874
Breadstuffs—
.bbls.
bush.
Flour
Wheat
Jan.1,’75.
.
..
Barley and malt.
seed.bags.
....bbls.
.c..bu.-h.
Peas
C. meal
bbls.
bales.
Cotton
Hemp
bales.
Grass
Beans
..
88.692
189.0J9
62,855
Beef
Lard
163,061
293,162
437,734
15,335
5,211
.kegs.
.pkgs.
Lard
Rice
8.637
126,521
9,482
28,954
1,414) jStarch
900
809,100!
6,254
Rosin
Tar
Pitch
.
30,949
208,429
91,883
27,508
765.863
Spirits turpen...
159,791
...
Pork
No.
Leather.
Molasses., .bbls.
Naval Stores—
€r. turp. ..bbls.
163,987
Eggs
31,167
bales.
sides.
Hides
Hops
268,085
138,349
200,250
22<’,382
80,314
13,685
153,834
18,130
9,734
136,258
10,235
Outmeats.
248,816'
481,306
818.864
50.600
70.134
317,211
159,163
Oil, lard....
.bags.
1,118,640 1,437,292 Peanuts.
3,437,923 10,407,000 Provisions—
Butter
.pkgs.
6,910,699!
Cheese....
2,191,457 2,803,826
12,375
■Rye
Stearine....
7,419 Sugar
1,299,992 Sugar
22,394; Tallow..;
.
bbls
20,784
.pkgs.
8.189
5.587
67,415
6,550 Tobacco.... .hhds.
22,920 Whiskey....
1,403,229
10,361
74,922
Tobacco
2,951
17,479
..
Same
time 18J4
95,752
2,663
28,598
pkgs.
...
Oftt.H
.
763
16,745
284
15,504
78,150
31,493
89,('84
bales.
11.945
14,565
34.242 iDressed Hogs..No.
46,822
106,793
127,757*
177,004
12.347
1,728
334
Wool
i
COTTON.
Friday, P. M., May 14,. 1875.
By special telegrams received to-night from the Southern Ports
in possession of the returns showing the receipts, exports,
&c., of cotton for the week ending this evening, May 14. It
appears that the total receipts for the seven days have reached
19,968 bales, against 21,891 bales last week, 22,199 bales the
previous week, and 22,190 bales three weeks since, making the
total receipts since the first of September, 1874, 3,380,951 bales,
against 3,627,311 bales for the same period of 1873-74, showing a
decrease since September 1, 1874, of 266,360 bales.
The details of
the receipts for this week (as per telegraph) and for corresponding
weeks of five previous years are as fallows:
•
we are
Received this week at—
1875.
1373.
1874.-
15,928
3,524
6,353
New Orleans ....bales.
6,026
Mobile
Charleston
1,008
1,363
1,908
6,645
Port
2")
Royal, &c
Savannah
Galveston.
..
City Point, &c
1,773
1,953
8,500
2,993
2,185
2.318
486
4,676
6,266
2,471
5,794
3,201
5,806
41
27
193
26
63
461
390
247
2,779
2,814
4,989
2,014
240
321
26,496
41,031
17,219
TotalslnceSept.l... 3,300,951
8,627,911
8,812,974
2,600.460
6,644
65
518
|
155
793
J 2,937
85
19,968
Total this week
17,193
1| 1,642,552
.
.
112,172
21,866
.
,.t
.
••
.
«
,f
4,014
4,463
4,129
1,994
»
„
.
f
....
.
....
....
3.716
21,843
17.234
128.565
35,00U
426,706
325,978
....
....
2.615,428
♦The exports this week under the.head
510 bales to Liverpool; from Boston
Liverpool.
21,061
13,809
24,387
44,000
•18,540
2,341,861
85,972
15,231
2J.U20
37,474
113,443
6,513
2,573
4,491
397,659
3,404
801,650
more
tlelpnia 252 bales to
24,761
3,000
1,813
5,329
3,746
*
.
.
1,991
....
.
-
1874.
of “other ports” Include from Baltl1,142 bales to Liverpool; from Phila-
besides the above exports
dates:
■XPOBTBD 8IHOB
BKOKIPT8
■wni*
PORTS.
RBPT.
Charleston*
...
Savannah
Galveston*
New York
Florida
No. Ca-oiina,..
968,1 13
314,706
426,429
580,988
851,515
131,287
1113,201
12.335
9y,13l
48,-00
465,591
41,627
Great
Britain. France.
517,783
76,939
185,nS6
253,010
i-s.6'5
265,621
12.821
390.334
72,118
287.076
412.100
630,457
377,4 0
178,116
....
3600,815
Total last year.
8BPT.1 TO—
.
1873.
1874.
New Orleans...
Mobile
t
1
.
Other
39,709
36,000
2.496
5,685
^
.
14,210
60,993
63,077
,
861,550
120,115
259,124
1,050
8,150
Total.
140,561
3->,026
34,219
113,664
10,967
37,034
206,206
For’gn
8,533
17,749
15,260
61,516
85,826
412,674
197,1)8
T#t
....
wise
Ports.
Stock.
151,229
118,171
161,307
176,093
122,654
115,949
20,524
13,613
24.378
il.feSO
176,130
318,340
•
9
Coast¬
12,335
32,039
320,453
1,064
7,600
37,000
....
1625,354
293,216
393,913
2317,518
1234,231
438,698
164!,020
339,516
586,292 2566,888
1283,515
360,412
the head of
included City
There lias been some
renewal of business the past week in cot¬
the spot. Not only have shippers been pretty free buyers,
latterly the demand from home spinuers has partially revived.
Liverpool has sent us a pretty firm and fairly active report; gold
and exchange have been steady at very full rates ; there has been
a better supply and cheaper freight room; and receipts at the
ports and interior towns have been smaller. These influences
ton on
hut
have
proved sufficient to give the appearance
of firmness to our
market, at prices which are nearly down to a reasonable export
limit. Stocks are still largely in excess of last year, and the
weather has been better and, in fact, very good for the growing
but in view of the reduced quantity of cotton afloat for the
these facts have not had much influence upon
prices for immediate delivery. Yesterday, the advanced prices
asked checked business and' to-day, Liverpool accounts were not
crop ;
British markets,
so
strong as
expected, causing weakness at the
opening, but there
steady closing. For future delivery, some irregularity in
the market is to be noted. The early months, or more accu¬
was a
rately, the Summer months, showed considerable weakness, the
fore part of the week, while the next crop was comparatively
steady, so that when the general advance took place on Wednes¬
day most of them were carried considerably higher than the
previous Friday, while July and August did not fully recover the
previous decline. The next crop has been very sparingly offered ;
the situation is regarded as too precarious, while there has been
some demand for them on Southern account.
Reports from the
South early in the week indicated very warm weather.
On Sun¬
day afternoon, the thermometer at thirteen points ranged from
83 degrees, at Charleston, S. C., to 88 degrees, at New Oileans.
This heated term was followed by local rains in the Atlantic
States.
Yesterday, there was an irregular advance of l-16@|c.,
the greater improvement being for this month, with the first sales
for April at 16£c. To-day, there was a partial decline of l-32@ *
l-16c. at the opening, which was subsequently recovered.
After
’Change, there were sales at 16 3-16c. for May, 16 7-32c. for June,
16 13 32c. for July, 16 19-32c. for August, 15 23-32c. for December,
and 15 15-16c. for January.
The total sales for forward .
delivery for the week are 170,400 bales, including
free on
board. For immediate delivery the total sales foot up this week
15,765 bales, including 11,437 for export, 4,054 for consumption,
274 for speculation and
in transit. Of the above,
bales
The following are the closing quotations :
were to arrive.
3,202
212
133
Total
Since Sept.
4,064
3,507
3,593
•
*
14,060
8,b66
4,822
2 >2
Indianola, &c
Tennessee,&c...
l
1370.
19,£30
3,863
5,937
1,030
..,
Florida
North Carolina
Norfolk
J
1871.
1872.
2,165
2,778
2,706
...
....
.
1875.
Under the head of Chnrl*>Mr>n is Included Port Royal, &c ; under
Galveston Is included Indianola. &c.: under the head of Norfolk is
Point. &c.
Since
j
3,070 Oil cake....
2,874
4,041
4,468
4,129
Galveston
New Vork..
Other ports*.
*
....
1874.
*
i
pkgs.
Ashes
3avannah
'
3,401
....
Same
week
9,718
Contln’t
France
Total this year. 3340,983
same
Since
2,363
Norfolk*
OtTihr porta....
Produce.
Receipts of Domestic
the
New Orleans
Mobile
Charleston...
49,639
35,917
22.149
1,082
Watches
531.008
122,262
Pepper
316
...
340
331,083
40,459
Jewelry
575,823
34,835
133,325
21,778
201,727
85,080
Ginger...
*
1,733
1,220
Ivory
Week ending G.
Brit.
May 14.
Stock.
Total
this
week.
556,064
1,001,342
4,338.916 5,253,933
121,128
3:8,802
jliice
590
’
414,429
609.179
..
1,265 ! Raisins
83,592 iHides, undressed..
52,038
Hides, dressed..
1
319
700
259,603
"
443,005
Tobacco
Waste
8.4S9
1.618
622
4.075
1 7t)0
ULU^ xxicivlu. • • •
33,585
Exported to—
LS'iF’ Our telegram from New Orleans to-night shows that
the amount of cotton on shipboard, and
972
1,332 engaged for shipment at that port, is as follows: For Liverpool,
Wines, &c—
29,000 bales; for Havre, 16,000 bales ; for Continent, 3,000 bales;
35,186
30,896
Champague, bks.
for coastwise ports, 3,000 bales; total, 51,000 bales ; -which, if de¬
43 117
61 174
12^087 ducted from the stock, would leave 61,000 bales representing the
22,001
Wool, bales
Articles reported by
quantity at the landing and in presses unsold or awaiting orders. J
valueFrom the foregoing statement, it will be seen that, compared
$746,370
$601,514
Cigars
with the corresponding week of last season, there is a decrease
19,130
27,20.
j Corks
326.874
325,728
in the exports this week of 21,191 bales, while the stocks to¬
Fancy goods.. ....
85,742
Fish
109,617
night are 100,728 bale* more than they were at this time a year
Fruits, &c.—
164,259 ago.
The following is our usual table showing the movement
140,176
Lemons...
1,118,651 1,004,736 ol cotton at all the ports from Sept. 1 to May 7, the latest mail
Oranges
823.952
12,912 Tea
2,260
Gambier
320,289
239,726
bills
605
8,374
13.004
Blea. powders...
Cochineal
Cream Tartar...
64,516
14-2,253
33,420
Sugar, bxs & bags.
Drugs, &c—
Bark, Peruvian..
1,091
93,130
36l<;742
415,132
Tin, boxes
Tin'slabs, lbs... 3,177,103 3,805,152
7,490
36,449
52,273
6,296 Rags
523,510 Sugar, hhds, tcs. &
S,351
5,940
Coal, tons
Cotton
141,830
8,930
2,833
2,353
3 148
Cocoa, bags..
Coffee, bags
Iron, RR. bars...
Lead, pigs
Spelter, lbs.
10,861
1 649
1,726
1,414
2^51
39,985
Hardwaie
3,332
4,164
LI 7 73
195,5 IS
11,121)
4,335
Glassware
VJ
Same
Since
Jan. 1,’75. time 1874
Same
time 1874
Since
the corresponding
2,504
46,849
33,236
8.669,659
2,614,933
New Classification.
Ordinary
Aood Ordinary
Low Middling
Good
Middling
Middling Fair.
Fair
per M.
Uplands.
Alabama.
13*®...,
15*®....
16*®....
17
17
17*®....
17*®....
}7*®....
18*®....
13*®....
25
15
15*®....
16*®...
16*®....
17*®...
17 V®-...
Texas
13*®...,
15*®....
16*®....
16*®....
13*®...
®....
New
Orleans.
®....
15*®....
16*®....
®....
16*®....
16*®...
®...,
17*®...
18*®...,
480
THE
CHRONICLE
Below we give the sales oi spot and transit cotton and
price of
Uplands at this market each day of the past week :
02.36
BALMS.
New
Ciasslflcation.
Consamp.
Exp’t.
Saturday
Monday
Tuesday
900
uia’n
263
600
249
745
1,753
2,492
1,321
8,837
1,084
PBIOJCfc.
Spec- Transit.
Good
Total.
4
1,167
2,353
2,831
2,066
5,922
Low
Ord’ry Ord’ry. Mldl’g.
W*
13*
13 *
15
15
15
15
15
15
Mid
dllne
15*
15*
16*
16*
16*
16*
16*
May 15, 1875.
been
only four hundredths of an inch, the thermometer
averaging
71, the highest being 84 and the lowest 53.
Nashville.—The thermometer the past week has
averaged 68,
highest being 80 and the lowest 56, and the rainfall has
reached seventy hundredths of an inch.
The crop is being mar¬
the
keted
freely. Less cotton and more corn has been planted in the
tributary to Nashville this year than last.
55
Thursday
1,980
IS*
Memphis.—There have been two rainy days the past week, the
217
75
Friday
1,376
13*
16*
rainfall reaching forty-two hundredths of an
inch, but the rest
Total
274
4,054
11,437
15,765
of the week has been
pleasant, with warm days and cold nights.
Bottom stands are good but uplands inferior.
For forward delivery the sales (including
Average thermom¬
free on board) eter 70, highest 80, and lowest 60.
have reached during the week 170,400 bales (all low
middling or
Mobile.—It was showery
on the basis of low
middliaghaud the folio wing is a statement of the rainfall for the week on one day and one day was cloudy,
being sixteen hundredths of an inch;
the sales and prices :
but the rest of the week was pleasant.
For May.
bales.
The spring has been too
cts.
balesv
bales.
cts.
cts.
6.300
hales.
cts.
16 5-16
600
600
cold, but no serious damage from this source is feared. We have
15\
15*
600
15 29-32
2,906
16 11-32
600
15 29-32
tOO,....*...15 25-82
secured a good stand, and the
100 8. n....l5 15-16
100
900
crop is developing promisingly.
2,500
16*
15 13-16
15 15-ld
1,500
15 15-16
2,200
16 13-32
500
15 27-32
100
15 31-32
Average thermometer 72, highest 86 and lowest 61.
SOU 8.n....15 31 82
3,b00
15*
Montgomery.—There was one rainy day the past week, the
1,800
15 81-32 34.000 total July.
500
15 29-32
3,600 total Jan.
100 8. n.l3th
16
rainfall reaching nineteen hundredths of an inch- The
1,100
15 15-16
crop is
100
16
For August.
For February.
1,200
15 31-32
200
developing promisingly. The thermometer has averaged 73—the
16 1-16
3,000
16 5-16
900
15 15-16
200
16 3-82
3.300
18 11-32
100.
15 31-32
9,700 total Oct.
highest being 89 and the lowest 56.
1,000
7,0 JO
.16*
3m
16
16*
Selma.—It has been warm and
1,0! 0
3,100
16 13-32
For November.
16 5-32
201...
16 1-16
dry all the week, except one
800
16 3-16
16 7-16
1,800
200
:i5 17-32
1,200
16 3-32
light rain. The crop is developing promisingly. The rainfall
3, 00
16 15-32
100
15 19 32
100
16 5-32
Wednesday
w
For Jane.
15 15-16
15 31-82
....
....
16
’400
i6 i-82
2,000
2,600
16 1-16
16 8-32
3,800
16*
100
2,400
....
16 7-32
3 800
44,800 total Aug.
For
September.
16*
5,700
16 3-16
5.500
3,000
l,o00
16 7-82
16*
The
2,800 total Feb.
For March.
100
16 5-32
16 3-16
800
600
16 7-32
900
16 9-32
100
IS 11-32
16*
1,090
1,500
15*
2,700
16*
15 21-32
300
18 13-32
16*
1,100
15 11-16
800.........16 7-16
4f¥)
15 28.32
500
800
15 25-32
16 11-32
15*
16*
.
5,400 total Dec.
For January.
1,100
15*
For October.
*00
1511-15
200
15 23-32
400
700
15 25-32
15 13-16
8,700 total March.
For
100
100
290
April.
400 total
16 17-32
16 9-16
16*
April.
following exchanges have been made during the week:
The following will show the
several deliveries named:
closing prices each day for the
OLD
spot
May
,
June
July
August
CLASSIFICATION—-LOW MIDDLING UPLANDS.
Fri.
Sat.
Mon.
Taes.
Wed.
Thurs.
16
16
16
16
16
'
16
15 15-16
15 31-32
15 15-16
15 15-16
16 1-16
16 3-16
16 3-32
16
15 15-16
15 15-16
16 3-32
16 3-16
16 11-32
16 7-32
15 5-32
16 9-32
16 13-32
16*
16 13-32
1C 11-32
16 11-32
16 15-32
16*
16 19-32
NRW
On spot
CLASSIFICATION—MIDDLING
16*
16*
16*
16 5-32
16 7-32
16 7-32
16*
15 27-32
15 23-32
15 23-32
15*
15 17-32
15*
15 19-32
15*
15*
15 25-32
15*
15*
15*
15 31-32
16
15 15-16
16 3-16
16 7-32
18 3-16
16*
2.007
1.167
2,353
2,831
37.100
27.800
18,700
27,500
16*
September
October
November
December
• • •
January
February
....
March
Sales spot
Sales future...
Gold
.
115*
115*
115*
4.86
Exchange
4.86
115*
4.86
4.86
Weather Reports
indicate
by
Fri.
16
16 5-32
16 7-32
16 13-32
16 19-32
UPLANDS.
16*
16*
16 9-32
16 11-32
15*
15*
15 31-32
15 21-32
15 13-16
16 8-16
15 25-32
15 29-32
16 7-32
16 7-13
15*
16*
2,066
28,300
115*
5.922
34.500
16*
16 11-32
15*
15 ll-l 6
15 23-82
15 15-16
i5'i3-32
1.376
33,300
115*
116*
4.86
4.86
4.85*
Telegraph.—Our reports to-night
considerable
improvement in the surroundings of the
crop. The weather has been warmer, with a fair amount of
rain in most sections, and the plant is consequently Iraki ng favor¬
able progress, with the fields
generally well worked and clear of
weeds and grass. In Texas, more rain would be of benefit now.
a
Galveston.—We have had two
only
of
an
a
days which were showery, but
little rain fell—the rainfall reaching only six hundredths
inch.
Rain is needed
now.
The fields
and
are
clear of weeds
gra^s, and crop accounts are more favorable.
The ther¬
mometer has averaged 76—the highest being 86 and the lowest 70.
Indianola.—It has rained
-
three
has reached twenty hundredths of
has averaged 71—the highest
an
inch, and the thermometer
being 89 and the lowest 50.
Macon.—The days have been warm and the
nights cold. The
thermometer has averaged 66—the highest
being 89 and the
lowest 50, and there has been one
rainy day.
Atlanta.—Rain fell the past week, a shower, but not
enough
to do much good.
The rainfall was forty-four hundredths of an
inch. Planting in this vicinity is about completed. The
have been
warm
but the
ing 72.
days
nights cold, the thermometer averag¬
Columbus.—We had one rainy day the past week. The ther¬
has ranged between 56 and 85, the
average being 74.
Savannah.—Three days of the past week were
rainy and four
days pleasant. The rainfall for the week aggregates ninety-five
mometer
* pd. to exch. 200 Nov. for Oct.
500 May for June even.
On
country
....
16 5-82
16 3-16
16 7-32
20,000 total Sept.
16*
16 9-32
15*
For December.
500
15 19-32
16 9-32
16 5-16
1,400
16 5-32
....
2,400
2,600
2,600
2,000
...
15*
3,000 total Nov.
4 200
July.
15 21-32
15 11-16
.15 23-32
1,300
16 19-32
1 300
For
800
100
200
SOU
16*
16 17-32
16 9-16
1,600
2.300
30,300 total June.
....
15*
15^
15*
15*
.
2,400
2,800
1,400
16 5-32
16 3-16
3,200
13*
....
5,000
6,400
4 400
,
140
9.700
7,700 total May.
r
hundredths of
lowest 69.
an
inch.
Average thermometer 75, highest 90, and
Augusta.—There was one rainy day the early part of the past
week, the remaining six days being pleasant. Rainfall, thirty-six
hundredths of an inch. More land has been
given to cotton this
year, and present prospects are promising. The thermometer has
averaged 75.
Charleston.—The weather the past week has been fine and
favorable to farmers. There have been three
rainy days, with a
rainfall of thirty hundredths of an inch, and the thermometer
has averaged 77, the highest
being 86 and the lowest 66.
The following statement we have also received
by telegraph,
showing the height of the rivers at the points named at 3 o’clock
this afternoon (Friday, May 14).
We give last year’s figures
(Friday, May 15, 1874) for comparison :
,-May 14, ’75-*
New Orleans,.Below high-water mark
Memphis......Above k)w-water-mark
Nashville
Above low-water mark
Above low-water mark
Vicksburg
New Orleans
—
Feet.
4
27
'
Missing.
40
,-May 15,’74.-^
Inch.
3
Feet.
1
34
3
Incn.
11
0
10
45
11
0
0
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
New Weather Stations.—We have at
length completed
arrangements for establishing two more weather stations, one to
be at Columbus,
Mississippi, and the other at Madison, Farida.
Our purpose in selecting these places
may be easily seen by
noticing on a map their position in relation to our other reporting
points. We desire to chronicle accurately]each week the weather
throughout all the cotton States. With one or two more
additions, we think that object will have been attained; when
it is, we purpose to supplement this
weekly news by a monthly
comparative review. It will probably be two weeks yet before
we shall receive reports from the two stations mentioned
above,
days this week, the rainfall
reaching twenty-five hundredths of an inch. The crop is now
making progress.
The thermometer has averaged 75—the as our instruments cannot reach our
correspondents at those
highest being 86 and the lowest 68.
points in time for an earlier beginning.
Corsicana, Texas.— There has been rain here on two days, but
Correction.—In an article on European Supply and Con¬
only slight, the rainfall reaching eleven hundredths of an inch. sumption, in the Chronicle of May 1 (page 432), there was an
We a re beginning now to need rain.
The crop is developing error in proof-reading about which we have received several
letters. It was in the earlier portion of the statement taken from
promisingly. Thermometer has averaged 71—the highest being the article of
February 27 (page 198). The error was in giving the
•92 and the lowest 53.
stock held by spinners January 1,1875, at 210,000 bales, whereas it
Neio Orleans.—There were two rainy days,
showery, the pas*1 should have been 310,000, as in the original article of February
week, the rainfall reaching seven hundredths of an inch. The 27, from which that was simply a quotation. By making this
alteration, our readers will find that the subsequent figures need
thermometer has averaged 76.
no change.
Shreveport.—We have had warm days and cool nights, this
Bombay Shipments.—According to our cable
dispatch received
week, with rain on two days, the rainfall being thirty-six hun¬
to-day, there have been 42,000 bales shipped from Bombay to
dredths of an inch.
The thermometer has averaged 90—the Great Britain the past week and 8,000 bales to the
Continent,
while the receipts at Bombay during the same time have been
highest being 94 and the lowest 56.
66.000 bales.
The movement since the 1st of January is as
Vicksburg.—It has rained here on four days, with a rainfall of follows. These are the
figures of W. Nicol & Co., of Bombay,
one inch and twenty hundredths.
It has been cool at night and and are brought down to Thursday, May 13 :
warm in the day time, the thermometer
averaging 74.
Shipments this week—, .—Shipments since Jfcn. 1—,
Receipts—,
Great
ConGreat
ConThis
Since
Little Rock, Arkansas.—There were slight rains on
Sunday and
Britain, tinent. Total.
Britain, tinent. Total.
week. Jan. 1.
1875
8,000
50,000
42,000
592,000 316,000
808,000
66.000
Tuesday, the remainder of the week being clear and pleasant.
955,000
1874
30,000
7,000
489,000 262,000
37,000
751,000
68,000
964,000
Crops of all kinds are developing excellently. The rainfall has 1873..... 20.000 12,000 32,000 421,000 133,000 554,000 54,000 757,000
on
,
-
M*y 18, 1*76 J
From tue
THE CHRONICLE.
foregoiug it would*
481
/-Week
ending May 14, *75-^ /-Week ending May 15, ’74-^
Receipts. Shipments. Stock. Receipts. Shipments. Stock.
that compared with last
bales this year in the week's
appear
there is an increase of 13,000
608
874
756
884
1,889
1,617
shipments from Bombay to Europe, and that the total movement Shreveport
95
161
885
471
1,467
1,228
since January 1 shows an increase in shipments of 57,000 bales Atlanta.
St. Louis
805
028
631
9,788
0,794
2,250
compared with the corresponding period of 1874.
2,299
3,709
9,005
4,003
11,819
3,964
Gunny Bags, Bagging, &c.—The market for bagging the Cincinnati
past week has ruled quiet but steady. We have no large sales
Total, new
3,296
7,805
5,858
6,428
20,807
24,780
to report, which is accounted for by the firmness of holders, who
will not make concessions. We quote: 13c. cash asked June,
88,116.
72,960
11,262
5,751
16,450
17,880
18£c. July, 134c. August, and September, 13f@14c. India bales Total, all
The above totals show that the old interior stocks have decreased
continue without change but firm. There are no sales. We
quote: Borneo, 9£@13c. cash. Bags are unchanged. There are during the week 6,690 bales, and are to-night 11,233 bales less
no transactions to note, and the quotations are as given last than at the same period last year.
The receipts have been 2,954
week, 12i@12£c. For butts the market continues very firm and bales less than the same week’last year.
the demand is fair. The stocks here are reduced to about 12,000
The exports ol cotton this week from New York show a
bales; and this fact, coupled with light arrivals in prospect for decrease, as compared with last week, the total reaching 4,129
several weeks, stiffens the views of holders. To-day’s figures for bales, against 8,954 bales last week. Below we give our usual
parcels in store are 2f@2 13-16c., cash and time, and 2£c. asked for table showing the exports of cotton from New York, and their
best bagging butts.
The sales for the past week are about 4,000 direction for each of the last four weeks; also the total ex¬
bales here and in Boston; the bulk of them at 2$(92 13-16c., ports and direction since
Sept. 1,1874; and in the last column
cash and time. One lot at Boston sold at 2f c. cash, and one lot the total for the same period of the previous year.
here at 2£c., time.
The prices asked are 2-16@2£c. gold, in bond, Export* of Cot ton (bales) from New York since Sept.l, 1874
and 2 7-16@2^c., duty paid, to arrive ; the latter are the terms for
WEEK ENDING
bagging butts.
Same
year
_
..
Visible Supply op Cotton
as
Made
up by Cable and
Telk-
ABAPH.—Below we give our table of visible supply, as made up
by cable and telegraph to-night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week's returns, and consequently
brought down to Thursday evening; hence to make the totals the
complete figures for to night (May 14). we' add the item of
exports from the United States, including in it the exports of
Friday only.
1875.
Stock at Barcelona
StocK at
88,000
30,750
33,000
17,250
47,000
31 OOP
449,750
550,000
1,365,500
143,750
136,760
11.000
Stock at. Bremen
40,230
45,500
11,000
6,250
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp—
Stock at other continental ports
Total continental stocks
European stocks
Ar xn
911,500
143,000
68,000
36,000
51,000
518.000
548.000
4,003
373.000
Egypt*Brazils, &c., afloat for Europe
53,000
426,706
67,000
105,006
825.978
365,082
13,042
52,153
3,000
Total visible supply
63,836
1,000
7,000
2,858,621
2,938,864
Of the above, the totals or Amencaa and other descriptions are as follows:
2,783,109
Total to Gt. Britain
10,566
4,003
7,970
4,129
Havre
Other French ports
72
...
Bremen and Hanover
Other ports
5,685
6,932
1,701
....
5,685
8,683
17,818
19,545
17,204
2,452
4,048
8,288
36,974
26,826
....
10
50
2,647
....
....
60
2,672
8,954
4,129
758
381
800
491
....
378,553
....
...
....
Hamburg
878,553
....
269,750
753
72
total French
269,750
....
231
....
....
■
.
Total to N.
Europe.
231
1,181
491
8pain.OportoAGibraltarAc
All others
T jtal
•
•
•
....
....
....
Spain, Ac
Grand Total
The
•
•
....
....
11.747
4,566
•
•
•
25
812,469
416,684
following are the receipts of cotton at New York, Boston
PHILADBLP’lA
BOSTON.
NEW YORK.
!
BALTIMORE..
REOB’TS PROMThis
New OrleauB..
Texas
Savannah
Mobile..
Florida
S’th Carolina
N’th Carolina.
698
280
101,3281
1,270
....
34
756
558
886
.
„
.
This
week.
Since
49,699
1,100
5.868!
1,059
17,282
„
a
m
„
112,280
15
•
•
.
56,960
«...
12,927,'
894
847
781
179
41
.
.
.
.
....
222
34,532
036
15,395
....
•
•
.
.
.
•
.
....
.
69,115
64,201
j Septl
14,069
•
•
*
.
This iSince-
week.
5,617
4,184
23,015
146,014|
.
....
•
....
Since
Septl.
42
82,707
12.641
38,488
;a3,982:
466
Virginia
North’rn Ports
This
Since
Sept 1. week. Septl.
week.
.
260
66
204
.
5,388
...
....
80,148
•
.
•
.
•
•
.
11,590
18,489
59,195
...
7,890
138,877
24
1,026
Total this year
591,000
Continental stocks
*.
...
•
171,000
—
American afloat to Europe.
United States stock
United States interior stocks
6,292
724,687
4,681 29*2,159
458
59,406
1,166 112,068
220,000
Total last year.
9,355
848,211
3,925 286,767
221
84.996
1,002 102.005
373,000
365,082
Shipping News.—The exportBof cotton from the United States
the past week, as per latest mail returns, have reached 89,402
bales. So far as the.Southern ports are concerned, these are the
sameexnorts reported by telegraph,and published iii TheUhbon*
iole 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
52,151
63,386
3,000
1,000
73,042
7,000
bales. 1,553,859
.1,615,364
1,404,124
Liverpool stock
Egypt, Brazil, Ac., afloat
Total East India, Ac
Total American
Liverpool, per steamers Scotia, 1,450—City of Paris,
848....Adriatic, 814
:Erin, 896... .Main, 621
4.129
New Orleans—To Liverpool, per steamers Jamaican, 2,664 — Texas,
4,007
per shipsVirginia. 8,325 — Vigillate, 2,900
12,896
Mobile—To Liverpool, per ship w. A. Campbell, 4,409
4,409
Charleston—To Liverpool, per bark Rio dTe la Plata, 1,943 Upland— 1,943
67,000
1,328,500
1,615,364
2,938,864
8Xd.
bales. 2,783,109
474,000
105,000
1,454,500
1,404,124
2,855,624
8#d.
These figures indicate a decrease in the cotton in sight to¬
night, of 155,755 bales as compared with the same date of 1874,
Movements
of
as
compared with the correspond¬
Cotton at the Interior
Ports.—Below
we
give the movements of cotton at the interior "ports—receipts and
shipments for the week, and stock to-night, and for the corres
ponding week of 1874:
/—Week ending May 14,
’75-. /—Week ending May 15/74. —>
Receipts. Shipments. Stock.
370
6,695
1,577
Augusta
Columbus....
235
861
Macon
127
266
Receipts.Shipments.Stock,
438
1,117
1,44*2
5,394
3,110
171
461
854
816
13,963
8,908
3,910
1,073
116
675
1.519
228
240
555
250
278
3,48 2
Memphis
1,146
4,388
3,30 i
4,9)3
Nashville
221
820
1,9)9
22,883
9,911
55?
1,917
30,000
7,050
2,455
9,145
52,153
5,409
11,452
68,886
..
Selma.
Total, old
...
night of this week.
548,000
Price Middling Uplands. Liverpool
bales
....
380,000
205,750
1,553,859
decrease of 75,515
date of 1873.
...
.165,500
330,000
4
a
....
359.000
1,229,250
Total visible supply
137
143,750
370,000
111,250
177,000
518,000
58,000
London stock
Continental stocks.
India afloat for Europe
....
....
366,000
8*25,978
:
Total American
Scut Indian, Brazil, dkc.—
•
413,000
244,00;)
568,000
310,000
426,706
United States exports co-day
Montgomery.,.
....
2,590
.
Liverpool stock
ing
4.129
....
year.
Tennessee, Ac
Foreign
American—
tad
7,970
....
10,566
....
474.000
568.00C
...
12.
86,000' Philadelphia and Baltimore for the last week, and since Sept.1/74:
310.000
Stock in United States ports.
Stock in United States interior ports
doited States exports to-day
5.
period
prev’us
16.00C
American cotton afloat for Europe
Europe
May
Liverpool
'
India cottou afloat for
May
Other British Ports
1.461,500
..
78,250
Hamburg....*.
Total
11,250
71,500
21,250
37,750
76,250
1,420,250
Stock at Havre
Stock at Marseilles
915,750
348,000
Total Great Britain stock
746.000
165.500
15,000
Stock at London
1878.
772.000
10,000
,
1874.
961,000
111,250
1,072,250
130,750
Stock at Liverpool
Total
to
date.
EXPORTED TO
,
Total bales.
New York—To
..
Savannah—To Liverpool, per bark Kate Cann, 8,365 Upland.
To Cork for orders, ber'bark John Campbell, 2,350
8,365
2,350
To Havre, per bark Francis Herbert, 2,479 Upland and 92 Sea Island 2,571
Texas—To Liverpool, per steamer Sati Antonio. 1,725.. .iper ship An¬
drew Jackson. 8,880....per brig B. H. Steenken, 680
5,785
Norfolk—To Liverpool, per steamer Finisterre, 170
per bark Sacra¬
mento. 1,384
.
1.554
Philadelphia—To Liverpool, per steamer Keni1 worth, 450
450
89.402
Total
The jarticularsot these shipments,arranged in our
are as follows:
New York
New Orleans
Mobile
Charleston
Savannah
Texas
Norfolk
Philadelphia
Liverpool.
4,129
12,898
4.409
1,943
3,365
Cork.
Havre.
....
usual form
Total.
4.129
....
....
...
....
12,896
4,409
—
1,943
....
2,850
2,571
5,735
—
1,554
450
....
..
....
....
—
8,286
5,735
1,554
450
Total..
2,511
39.403
...34,481
2,850
Below we give all news received to date of disasters, Ac., to
vessels carrying cotton from United States ports :
Schiller, str.. (8,600 tons register,) Capt. Thomas from New York, April 28,
of and for Hamburg, via Plymouth and Cherbourg, struck, during a
dense fog, on the Reterriei e Ledge, inside-the Bishop’s lighthouse,
Scilly Islands, at 10 P, M., May 7, ana bectmc a total wreck.
Francis P. Sage, ship, from New Orleans at Havre, May 4, was on fire hut ft
was got under after slightly damaging the cargo.
482
5 CHRONICLE.
Progrkss, ship, Stephens, from Mobile for Reval, arrived at Elsinore May 8,
with loss of main and mizzen topgallant masts.
Royal Charter, ship, (Br.,) Robbins, from New Orleans for
Reval, fmt into
Dea, May 6, for repairs, having been damaged by collision.
from
[May 15, 1875.
spring wheat
sold at $5 30(§>$5 40, but latterly the
has been small. With dull accounts from
Arica, bark, (Br.,) froip New Oreans for Havre, was spoken, no date eiven, abroad, and wheat declining, buyers were not inclined to
take
in lat. 42, Ion. 52, slightly damaged
by ice. The A. arrived at Havre beyond their immediate wants.
Receipts, however, have been
May 8
Esthe it, bark, from New Orleans for Havre, which put into
Scilly after being in small, and receivers have experienced but little inconvenience
collision, had mainmasi broken and had sustained damage to hull, sails
from the smaller inquiry.
and rigging.
She made temporary repairs, proceeded and arrived &t
They showed little disposition to
Havre may 6. It was thought that the cargo was not damaged.
press sales at a reduction, and yesterday the market closed with
Saga, bark, (Nor.), Olseu, from New Orleans for Malaga, arrived at Gibraltar
May 8, full of water, having been damaged iby collision with an a comparatively steady tone, with a full line of fair extra
State
unknown vessel.
sold at $5.25. To-day, the market was dull.
Cotton freights the past week have been as follows :
The wheat market has been
drooping and spring growths have
-Liverpool.
«—Havre.—*
Bremen
Hambiirg.-— declined, with late sales of choice No. 1 at
Steam.
Sail.
Steam. Sail.
Steam. Sail.
$1 28, No. 1 Milwau¬
i steam. Sail,
d.
d.
c.
c.
c.
c.
c.
c.
kee at $1 18|@1 19 for June arrival, $1
19£@1 20 in store, and
Saturday
..@9-32
.MX
X
.MX *£comp.
Monday.... .MX
..@9-32
X
$1 2i^ afloat, and No. 2 Chicago at $1 18 in store. Winter
.MX %comp. .MX
Tuesday... .MX
..®9-32
x
.MX #comp. .MX
wheats, though pretty firmly held, have been quiet,
Wednesday .MX
..@9-32
X
.MX %comp. MX
except
Thursday.. .MX
..@9-32
x
amber Michigan, which has sold
.MX #comp. .MX
freely at $1 41 for export. The
Friday.... .MX
..@9-32
X
.MX
were
business for export
'
,
,
..
..
..
•
..
#comp.
..
Market stronger.
■
MX
Western markets have ruled lower, with
Liverpool, May 14.—3.30 P. M.—By Cable from Liver
POOL.—The market opened firm and closed with a
hardening
tendency to-day. Sales of the day were 10,000 bates, of which
2,000 bales were for export and speculation. Of today’s sales
6,000 bales were American. The weekly movement is given as
follows
:
feverish, unsettled
feeling. The weather has been generally good for the crops, and
receipts at all points show some increase. Foreign advices have
been dull, but extremely low ocean
freights and other favoring '
circumstances have led to
market
a
business for export.
To-day, the
with sales of No. 2 Chicago at $1 19 in store,
some
firmer,
$1 21 afloat, and $1 20 for July arrival.
57,000
68,000
54,000
51,000
Forwarded
8,000
6.000
Indian com declined early in the week to
10,000
9,000
88@88-£c. for fair to
which exporters t
of
5,000
5.000
7,000
of which speculator
prime mixed Western afloat, but with a brisk demand, for home
6,000
6,000
3,000
Total stock
893,000
951,000
961,000 use and export, there was a
of which American.
recovery of ^c. to 88£@89c., with a
512,000
583,000
591,000
Total import of the w
67,000
117,000
69,000
steady tone. Receipts have increased, but the improvement in the
of which. American.
25,000
100,000
39.000
Actual export
home, demand is very decided. To-day, there was a further decline
9,000
9,000
8,000
6,000
Amount afloat
469,000
437.090
430,000
of lc. to 87@88c. for fair to prime new mixed.
of which American.
203,000
220.000
14 8 000
136,000
The following table will show the daily closing prices of cotton for the week1
Rye has been held for HR Advance, which has checked business.
Satur.
Mon.
Tues.
Wednes.
Thurs.
Fri.
Canada peas have been sold for arrival by canal at $1
19 in bond.
Mid’g Uplands .MW
..M~iX ..MIX
.MIX
M~X
..MIX
do Orleans.
8 1-16
8 1-16
8 1-16
8 1-16
8 1-16
8 1-16
Barley is entirely nominal. Oats have been active, and prices
European Cotton Markets.—In reference to these markets have further advanced.
Sales yesterday embraced 100,000 bash.,
our correspondent in
London, writing under the date of May prime mixed at 75@75|c. in store, 76^c. for May arrival, and
77@
1, 1875, states:
77£c. afloat. Receipts and stocks are smaller than last year when
Liverpool, April 29.—The following are the prices of a scarcity was felt in the summer months. To
day, No. 2 Chicago
middling qualities of cotton, compared with those of last year:
sold for May arrival at 77c., and choice white 76£c. in store.
-Fair A
-Good A -Same date 1874The following are the closing quotations :
Ord.A Mid
Fine.—,
Sales of the week
April 23.
bales.
es.
April 30.
May 7.
was
May 14.
...
,
.
•
18
16
Ord. G.Ord. L.MId.
7 7-16
7 117 7-16
Mobilc... 7
7*
Texas
7
7X
7%
N.Orl’ns. 7X
7 9-16 7%
Upland.. 7
j
20
18
23
20
36
23
Mid.
G.Mid. Mid.F.
715-16
8X
8X
8
8
...
Since
19
17
8X
8X
8X
sx
the commencement of
8X
26
20
8X
1875.
bftlos*
"8X
8 7-16
9X
transactions
American.... 121,460
Brazilian....
4.230
Egyptian, Ac. 9,670
W. India, &c. 1,490
B. India
Total
Liv., Hull A other
outports to date—*
1875.
U.K.in
1874.
1874.
hales.
43.380
1.450
hales.
26,570
bales.
45,300
6,887
105,130
2,330
4.637
12,470
25,000
98,145
501,000
157,299
4,200
2,000
610
26,830
27,190
7,242
80,677
115,320
76,830
121,414
The following statement shows the sales and
for the week and year, and also the stocks ou
39,980
imports of cotl on
hand, on Thurf diy
evening last*
SALES, ETC., OV ALL DESCRIPTIONS.
Sales this week.
Total
Same
Ex- Speculathis
period
Trade. port
tion. Total.
1874.
year.
American, .bales. 26.200 1,280
2,070
26,210
647,690 766,000
Brazilian
350
6,700
450
Egyptian
6,060
Smyrna & Greek I 1xn
270
.
320
2,000
4,900
52,420
180
2,680
UTVvuf TnrUnn
West Indian.... .1,100
)
Bast Indian
12,310
7,220
7,080
1,230
j
184,920
-97,080
50
1.650
15,370
37,280
9T0
330,960
Average
weekly sales.
1875.
1874.
36,520
10,190
6,190
38,410
126,290
108,570
1,7:30 |
30,530 f 1,710
319,600 12,110
5,990
1,880
11,540
57,580 1,298,900 1,352,720 66.720 64,090
Stocks.—
Same
date
Total.
This
date Dec. 31.
-Iinports.-
American
Brazilian
.
..
Egyptian
Smyrna A Gr’l c
.
W. Indian
East Indian..
25,405
12,108
2,416
570
...
.
Total
26,067
date
1875.
886,669
167,577
133,819
1,793
17,625
254,423
1874.
969.676
187.780
144,786
1,561
17,812
130,233
64,566 1,461,906 1,451,878
1874.
1,949,030
491,040
297,124
2,638
97,788
818,053
3,658,673
day.
1874.
514,450 422,170
71,710 128,330
101,330 118.260
1,870
1,960
5,170
12,790
198,420 120,450
892,950
1873.
Bales.
lR
;
127,869
170,087
803.960
274,780
82,520
73,660
■
23,480
230,270
684,710
1874.
Bales.
90,350
118,989
156,487
BREAD STUFFS.
There has been
Friday, P. M.. May 14, 1875.
reaction in the flour market during
slight
past week, and a portion of the advance noted in our last
has been lost, Early in the week
large lines of shipping extras
the
a
....
...
RECEIPTS AT NEW YORK.
,
,
1875.
,
For the
Since
week.
Jan. 1.
Flour, bbls.
61,732
C. meal, 44
Wheat, ons.
747
Corn,
Rye,
♦
44
“
Barley 44
Oats
.
•
.
♦
.
173,620
485,537
400
12,904
134,750
Since
Jan.
1, 1974.
1,118,640 1,437.292
62,855
9!,883
3,437,923 10,407,000
7,023,562 6,910,699
12,375
818,664
248.816
481.306
2,191,457
2,863,826
EXPORTS PROM NEW YORK.,
1875.
,
For the
Sinse
week.
Jan. 1.
23,060
655,781
2,092
55.471
1874.
For the
Since
Jan. 1.
week.
,
29,104
3,488
115,432 5,650,82!
298,062 4,521,953
16,733
64,148
812,761
66,647
9,885.955
577,865
341,077
19,04-3
5,783,470
1,310
48,403
.
371,416
110
3,054
41,132
In “Receipts at New York” Includes also malt.
The following tables show the Grain in
sight
ment of Breadstuflfs to the latest mail dates:
and the
move*
RECEIPTS AT LAKE AND RIVER PORTS FOR THE WEEK ENDING
MAY 8, AND FROM AUG. 1 TO MAY
8.
Flour.
hbls.
1874.
London, May 1.—The trade for cotton has been dull
during
the week, and prices show a
slight decline. Annexed are the
particulars of imports, deliveries and stocks:
jli
Deliveries
Stocks, April 29
..
6,770
To this To this
This
week.
Grain.
...# bbi. |4 30® 4 60 } Wheat—No.3 spring,bush.$1 14® 1 17
SapcrflneStateand West¬
No. 2 spring
1 19® 1 23
ern
4 70® 5 00 I
No. 1 spring
1 24® 1 28
Extra State, Ac
-5 15® 5 35 I
Red Western
1 85® 1 39
Western Spring Wheat
Amber do
1 40® 1 42
extras
5 10® 5 40
White
1 40® i 47
do XX and XXX
5 75® 8 25 Corn-Western mixed
87® 88
do winter wheat Xand
White Western
89® 90
XX
5 75® 8 25
Yellow Western
88® 89
City shipping extras
5 30® 5 80
Southern, yellow
88® 89
City trade and family
Rye
1 02® 1 12
brands
6 25® 8 25 Oats—Black
|
73® 75
Southern bakers’ and fa¬
Mixed
75® 7714
mily Drands
7 25® 8 25
White
76® 78#
Southernshipp’gextras.. 6 00® 7 00 Barley—Western
...<®
Rye flour, superfine..
5 10® 5 50
Canada West
1 50® 1 55
Cornmeal—Western, Ac. 4 19® 4 40
State
1 30® 1 45
Corn meal—Br’wine. Ac. 4 70® 4 80 Peas—Canada..
1 20® 140
The movement in breadstuffs at this market has been as fol*
lows :
.
5,930
1
i
No. 2
S83,580
5,758
1,167
1SS.030
Total
Actual
e:xp’tfrom
bales.
4,610
6,590
Ac. 51,180
on
:
spec, to this date-*
1874.
1873.
hales.
75,380
8X
8.X
■
r-Actual exp. from
i
M.F.
....
the year the
speculation and for export have been
21
18
Mid.
G.Mid.
8 5-16
8X
8 7-16
6 9-16
9
Flour.
‘
18
16
]
16
15
i
Sea Island
Florida do
Chicago
Milwaukee
Toledo
Detroit
Cleveland.
St. Louis-.
Peoria
Duluth
Total
Wheat
bush.
<196 lbs.) (60 lbs.)
34,914
428,215
33,941 • 409,784
1,291
64,611
4,493
28,462
*2.793
16,950
27,003
1,685
1GG.120
107,814
115,248
21,160
3,510
Corn,
Uats-.
hush.
Barley.
bush.
hush.
(56 lbs.)
722,709
12,815
185,529
2,078
2,450
139.647
76,510
1,087,940 1,141,770
1,033,636 1,788,082
Corresp’ng*4 week,’74. 127,435 1,467,639 1,344,673
’73.
119.665
651,178
932,119
44
’72. 101,425
369,827 1,619,022
44
’51. 101,950
637,345
916,661
14
’70. 103,713
971,271
632,486
Total Aug. 1 to date...4,085.526 47,955,734 34,484.240
Same time 1873-74. ..4,939,923 64,811,462 41,915,403
Same time 1872-73....4,361,612 30,U3,151 44,171,095
Same time 1871-72... .4,128,138 33,659,532
41,736,856
Previous week
*
Rye,
bnib.
(821bf».) (481bs.) (560*.)
194,420
2,897
10,781
2S,058
4,843
6,039
38,647
*
»
*
40,077
3,450
131,187
28,800
2,018
100
5,422
2,000
900
4.093
820
»•••
464,639
521,947
657,513
562,886
£03.223
282 681 *
380.131
27.180
37.076
33.245
34.600
55,678
13,718
11,546
18,872
19,240
22 -322
30.215
19.283
33,868
21,612
17.654,088 5,598,156 1.077.466
20,317.467 6.8«3,710 1,592,386
19,268.873 8,§89,993 1.539,681
20,428,716 6,122,301 2,461,112
Estimated.
of Flour and Grain from the ports of
Chicago,
Milwaukee, Toledo, Detroit, Cleveland, St Louis, Peoria and
Duluth, for the week ending May 8.-1875, and from Jan. 1 1°
May 8:
'
" *
' r '•
Shipments
liMry 15, 1875.1
THE CHRONICLE
Floor, Wheat,
Weekending—
bbls.
bash.
■ 94,277
800.887
Hay 8, 1875
May 1,1875
100,966
243,438
Corresp’ng week 1874 113,809 1,957,197
Corresp’ng week 1878 137,565 1,4TL§71
Corresp’ng week 1872 84,570
Corresp’ng week 1871
91,885 1,250,828
Coro,
hush.
1,520,4-27
1,124,312
1,149,270
919
Oats,
Bariev,
bash.
4-
±
=±=
bosh.
24,274
Rye.
bosh.
«.
483
*
ings—which
are
in excessive supply—rule very quiet, and there
considerable pressure to
favored the buyer. Corset
sell 7-8 and 4-4 makes at prices which
jeans and satteens were in steady
687.948
9,727
294.312
21,834
request, and Pepperell, Rockport and Naurakeag brands are
24,785
218,868
1,773,180
256,332
10,726
10,556 closely sold up to receipts by the agents.
Ticks, denims and
1,135,457
222.422
783.147
cheviots of a few popular makes were in fair demand, and AmosTotal Jan. to date.... 1,561,751 5,892,025 9,025,497 3,228,998
Same time 1874
2.057,105 15,910,137 7,508.759 4.043,736 1,110,481 2,277,724
1,964,621 5,500,163 8.654,974 3,973,920 1,409,345
Same time 1873
141,304 keag A. C. A. and Lewiston ticks are in short supply, while most
Same time 1872
1,254,810 1,960,080 13,067,042 2,825,621
826,691
319,095 other brands are
plentiful enough. Medium weight cottonades
BBCBIFTS OF FLOUR AND GRAIN AT 8EABOARD PORTS FOR THE were
moderately dealt in, but heavy D & T makes ruled quiet
WEEK ENDING MAY 8,1875, AND FROM JAN. 1 TO MAY 8.
and irregular in prise. Grain bags were inactive and weak.
Oats,
Corn,
Baney,
Rye,
Flour, Wheat,
bush.
bush.
bush.
bush.
At—
bbls.
bosh.
bush. Print cloths weakened under a very light demand from the
400
575.072
180,075
181,880
printers, many of whose works have been stopped, and prices for
83,371
17,562
1,325
4,894
; 82.608
4,500
7,500
Portland*.
extra standard 64x64 spot cloths declined to 5|c. Ginghams were
700
400
3',0
23,000
90,300
34,000
15,480
511,400
relatively more active than any other goods in the market, and
223.000
400
1,310
17,214
93,650
the supply of such standard makes as Lancaster, Amoskeag and
42,264
129,617
Renfrew is merely nominal.
600
311,255 1,520,547
836,711
4,894
Domestic Woolen Goods.—There was a continued sluggish
413.998 1,256 270
204.912
808,440
1,175
13,950
262,2o9
905,461
171,906
791,763
2,847
6,120 movement in
nor. week ’74..
woolen goods for men’s wear, and apart from a few
Total Jan. 1 to date.2,973,886 6,887,003 19,395,624 5,220,657
293,280
57,635
sales to the California trade there was nothing done in flannels
665,870 400,665
Same time 1874
3,794,019 13,824,166 15,289,891 4,208.130
Same time 1873
998,827
2,905,598 3,205,046 9,900,296 6,689.466
33,268 or blankets.
The clothing trade were present in fair numbers*
Same time 1872
2,499.265 2,010,565 15,496,696 4,804,338
956,911 61,442
but their operations odIv extended to small parcels of heavy cas* Estimated.
simeres of low and medium grades, satinets, Ulsters, and fancy
The Visible Supply of Grain, including tlie stocks in
Chinchilla overcoatings. A few orders were also placed for the
granary at the principal points of accumulation at lake and
future delivery of worsted coatings.
seaboard ports, and in transit by rail, May 8, 1875 :
Spring cassimeres, suitings,
Wheat
Corn,
Oats,
Barley,
Rye, and worsted coatings were extremely quiet, and unless at job
bush.
bush.
bnsh.
bush.
bush.
10.837
In store at New York
545,209
16,174 prices the package trade in these goods may be regarded as over
1,542,924
In store at Albany
27,500
68,000
7,200
21,3C0 for the season.
j,
Worsted dress goods ruled quiet in first hands,
In store at Buffalo
9,416
13,603
4,C80
In store at Chicagot
43,026
4,517,289 3,185,937
2,421
and there was some pressure to tell both printed and woven
620,164
In store at Milwaukee
49,723
39,921
85,275
4,857
In store at Duluth
67.089
grades at a concession from holding rates. The entire balance of
In store at Toledo
129.337
3,210
135
694,709
678,622
Atlantic Delaine Co.’s 6-4 colored alpacas was closed out at auction,
43.046
5.548
In store at Detroit
29,052
287,163
In store at Oswego*
where they realized 21$@22$c.
10,927
15,000
75,000
110,000
Shawls continued very dull in
In store at Boston
7,013
117,327
184,663
3,678
agents’ hands.
In store at St. Louis
857
510,915
4,777
93,463
In store at Peoria
104,213
23,651
28,634
2,483.
Foreign Dry Goods.—There was a steady yet limited demand
100
In store at Toronto
4,435
489,195
37,919
3,2 i 3
for staple fabrics, and fancy spring textures ruled very quiet in
2,918
In store at Montreal
221,000
31,701
1,439
35.000
In store at.Philadelphia*
150.000
220,000
importers’ hands, aside from a few specialties such as black plaid
In store at Baltimore*
25,000
459,279
149,504
Lake shipments
8,954
561,050
895,015
grenadines, etc.
Black cashmeres, drap d’ete, pure mohairs,
Rail shipments
239,837
625,412
179,372
24,274
6,348
alpacas and iron grenadines were fairly active in jobbers’ hands
Total
.10,943.714 8,586,801 2.079,720
174,388
58,353 and in
fancy fabrics there was a steady movement in glace
176,606
May 1, 1875
.10.848,105 9.258 208 2,231,100
91,872
249,394 138,422 mohairs, silk warp alpacas, pongees, de beges, etc.
9,767,769 6,531,586 1,798,634
May 9, 1874
Self-colored
t The stock afloat not included, about 900,000 bush, of corn more to be
plaids, which have had such a brisk run, showed symptoms of
added.
weakness, and some sales were made at low figures. Black,
*
Estimated.
colored, and fancy dress silks were quiet, and the heavy supply
renders it difficult for importers to realize a profit on the lower
THE DRY GOODS TRADE.
grades. Millinery silks and ribbons were more active, and desir¬
able ehades brought slightly improved prices at auction.
House¬
Friday, P. M., May 14, 1875.
The trade movement during the week was spasmodic and keeping linens, white goods and laces were severally quiet, but
dress linens were in undiminislied
The auction
demand.
unsatisfactory in its general results to commission merchants and sales comprised important lines of dress goods (including the
importers. The recent break in the market for cotton goods and
Lupin” fabrics), silks, shawls, ribbons, linens, woolens, etc.,
prints has created a feeling of distrust in the maintenance of which realized fair auction prices.
The importations of dry goods at this port for the week ending
other values, and has checked operations on the part of buyers of
May 13, 1875, and the corresponding weeks of 1874 and 1873
domestic goods, while, on the other hand, the traffic in imported have been as follows :
fabrics liaB been interrupted by a series of important auction
ENTERED FOR CONSUMPTION FOR THK WEEK ENDING may 13, 1875.
1875—
sales; which have enabled buyers to re assort their stocks without
1873
-1874Value.
Pkcs, Value.
Pksrs.
Pkgs. Value.
resorting to the importers. The supply of merchandise in the Manufactures of wool
419
314
572
$144,100
$270,027
$179,827
856
210.129
925
740
do
cotton
297,715
hands of jobbers in the West, South and Southwest is ample for
252,364
867
387
4110
274,320
do
silk...
360,419
253,674
their current trade requirements, and business in the two latter
706
136 4 7
815
176,371
flax... .3,600
185,350
do
321
369
1.4,119
87,163
134,801
92,304
sections drags heavily, so that further purchases will be unneces¬
2,717
Total
9,160
3,123 $1,196,835
$952,024
$879,171
sary until an increased consumptive demand has been developed.
The city jobbers are carrying comparatively small stocks, and WITHDRAWN FROM WAREHOUSE AND THROWN INTO THE MARKET DURING THE
SAME PERIOD.
there is a fair prospect of their being compelled to re enter the
339
459
466
$145,051
$197,416
|211,351
Manufactures of wool....
85.275
299
169
513
156.745
51,125
cotton..
do
market as buyers at an early date, as a great portion of the State
71
60.604
99
222
103.068
181.764
silk
do
and near-by trade has yet to be supplied with spring goods.
415
4C3
510
126 6 5
80,116
92,042
do
flax
The
116
43.263
.682
21,765
2,599
27,071
jobbing demand was stimulated by the more seasonable weather
3,593
1363,967
1,376 *514.421
Total
4,4?3 $70\905
which prevailed, and during a few days a fair business was trans¬
2,717
952,024
3,123 1,1%, S35
Add ent’dforconsampt’n 9,160
879,171
acted with the local and near-by retailers, whose purchases were
4,449 $1,711,256
6,310 $1,315,991
uponm’k’t. 13,583 $1,585,076
individually light, however. The keen competition which is Total thrownENTERED
FOR WAREHOUSING DURING SAME PERIOD
manifested by the Western jobbers has compelled the city houses
346
374
$150,943
$153,874
$203,283
Manufactures of wool.... 464
246
99.512
to mark down their stocks to such prices as leave an almost nomi¬
321
78,857
58,116
do
cotton.. 173
42.281
53
55
59,119
91,396
do
110
silk
nal margin of profit, and this is one of the least satisfactory
76.095
423
80,874
302
58,025
do
flax
214
188.326
282,510
8,348
5,610
21,216
21,336
63,460
26,094
was
..
•
•
W
*
*
*
*
*
.
..
.
....
....
.
..
•
,.
.
.
.
..
..
,.
,.
..
..
.
.
.
.
features of the trade this
Domestic Cotton GoODS.-r-The
^
sales
of
the
commission
houses, although unsatisfactory in volume, were larger than
during the previous week, but this was accomplished by closing
out
heavy lots of prints, percales and outside brands of staple
cotton goods at prices which were unremunerative to the sellers.
The print market—the pivot on which the cotton goods trade
revolves—became demoralized by successive price reductions,
which included such makes as Spragues, American, Freeman
(closed
6£c.), Albion, Peabody, Manchester percales and
cambrics, etc. There was also a decline of |c. on Merrimack,
Hamilton, Ancona, Gloucester and Sprague’s shirting prints.
Brown sheetings were fairly steady but inactive. Bleached shirtout
at
47
17,959
1.120
2,717
$387,752
1,196,835
5,460 $1,612,139
3,837
Miscellaneous dry goods.3,273
season.
v
50,264
1,285
43,542
4,264
$46’,08 4
consumpt'n 9.160I
879,171
2,337
3,123
Total
Add ent’d for
.
■
We
annex
a
$1,340,255
$415,304
952,024
of leading articles of domestic
prices quoted being those of leading jobberp:
few particulars
manufacture, our
Cotton Sail Duck.
Woodberry
and
Druid
Mills.
No. 0
41
No, 1
42
No. 2....
No. 3
40
No, 4
No 5
No. 6,....
36
34
32
No. 7..,*
30
38
No. 8
No. 9
No. 10
28
26
24
Light, duck—
B<-ar (8 oz.) 29 in..
do heavy (9 oz.)...
18
21
Mont.Ravens 29in.
do
40in.
20
28
Ontario and Woodberry
USA Standard
In.
do
do
do
do
do
8
oz.
9 oz.
10 uZ.
12 oz.
15 oz.
Ontario Twls, 29in.
do
36in.
Ex twl8‘Tolhem’»”
22
24
26
31
38
18
23
484
4*
1 10
1 60
25 00
Rockland, finishing
18 90
boards. 24 00
H5 00
Sdflne
Cut spikes, all sizes
Faints— Lead, white, Am, pure,
5 51)
3 50
11
in oil
6
old
12
1 90
27
27
28
15
©
0
11
13
prime—
COALAnthraclte (by cargo)
Liverpool gas cannel
Liverpool house cannel
COFFEE—
Rio, ord. cargoes, 6O@90
do fair,
do
do
do
14
15
21
18
17
“
ao....
17
• 4
• 4
16
17
gold.
24
20
20
19
16*
17*
©
18
gold.
and bags
©
18*®
gold.
gold.
gold.
gold.
18*
26
21*
22
20
17
21
20
is'
gold.
17
gold.
81
80
31
....©
@
23* a
do....
Bahia,
14
Wet Salted—Buen Ay, selected
do....
Para,
do....
California,
do.... cur.
Texas,
E. I. stock—Calcutta slaught... gold
Calcutta, dead green.
4»
Calcutta buffalo.....
.
4 4
•
• •
23*
krsenic, powdered
B1 carb. soda, Newcastle
•*
**
cliro.potash, Scotch
Brimstone,crude, In store....
Brimstone, Am. roll
Camphor refined, city
Castor oil, E.l.ln bond, ♦ gal..gold.
**
Caustic soda
Chlorate potash
“
“
Cochineal, Honduras
Cochineal, Mexican
Cream tartar
“
Cubebs, East India
Outch
Gambler
Ginseng, Western
24
@
©
85
4 nO
2U
46
43
35
8
gold.
“
Ginseng,Southern
©
&
a
®
“
“
9
&
9
a
a
•a
Nutgulls.blue A.leppo
Oil vitriol (66 degrees)
14
2
6 25
a
.©
(ft
35 ©
1 45 &
60 9
2 CO ©
...
.cur.
.
gold
Shellac
Soda ash, ordinary to good...
Sugar of lead, whit*1
Vltrtol. blue.common..
FISH—
17
36*
28
29*
R*
7*
®
82
♦ ft.
.gold
82*
.
2
1
1
2
75
30
30
50
7U
25
78*
9*
Store Prices.
a
George’s and Gran 1 Bank cod.nom.
Mackerel, No. 1, shore, new
Mackerel, No. I, Bav new
1100
9 00
Mackerel, No. 2, shore, new
Mackerel, No. 2, Hay, new
9 00
9 6 03
3 13 (K)
© 9 50
a 10 00
@
FLAXNorth River, prime
♦ ft
15
8 00
Raisins, Seoaiess
do
Layer, new
do
Sultana
io
Valencia, new
Loose Muscatel, new
do
©
5 75
2 52*3
2 56
....©
15
11
!0*@
8 45
Currants
Citron, Leghorn
Prunes, Turkish, new
do
French
©
@
3 70
£*
a
7*@
9*®
5* ©
Dates
"■ivs
Canton Ginger
.
12
♦ case
Sardines, ♦ hi. box...
car.
Sardines. * or oox
“
Macaroni, Italian
Domestic Dried—
Annies. Southern, sliced.
®
©
24
14k®
*®
v
8
7
quarters.....
State, slic“i
“
ri'»
do
do quarters ...
do
Western, quarters
Peaches, oared Western
©
©
8*®
8
©
7*®
Ga. voo 1 A prime, new
d>
N. Carolina, prime.
do
unpared, halves and qrs.
Blackberries
Raspberries, new
Cherries, pitted, new
Plums
2i»
23
do
...
.
•.
©
25
©
at
?*■«,
8
at
©
25
18
©
8
14V
r
5*
18
8 00
26
15
15
9*
7*
American
new.
cur.
©
♦ 100 lbs, gold
Ordinary foreign
“
Domestic
Bar
Sheet
LEATHER—
Hemlock. Buen, A’res, h.,m.A 1
California, h., m. & 1
comm'n hlde.h., m.Al
27
32
28
31
Texas, crop
MOLASSES—
rlavpcl
Cuba’
Mug.,
.
89
©
....©
..
refining*grades, 50 test.
do
do grocery
Barbadoes
Demerara
Porto Rico
grades.
N. O., new, fair to fancy
....
45
45
40
45
68
V gal.
Tar, Washington
212*3
2 20 ©
Tar, Wilmington
Pitch, city
©
84 ©
Spirits turpentine
♦ gall.
Rosin com. to good strain’d ft bbl. 1 90 ©
••
“
“
8
2
5
6
No. 1
No. 2
pale
extra pale
00
15
00
50
NUTSFllberts, 8iclly
4
2
6
7
at
8 25
®
2 75
HAY60
©
65
American blister...
...
©
do
Naples
do
Grenoble
Pecans
Peanuts. Tennessee
do
Wilmington
do
Virginia
....©
•©
•
V.
1 40
©
1 90
©
2 10 @
....©
....a
Almonds, Languedoc.
Tarragona
.Ivica
8helled
•••
Princess
29
OAKUM, navy to best quality... V ft
gold
45 00
cur. 48 U0
Western
I*©
«*©
8*@
7*@
1
Linseed, casks and bbls
Menhaden, prime L. I. Sound
Neatsloot
...
Whale,bleached winter...
1
2
1
Sperm, bleached winter
Lard oil. Winter
*..
TALLOWPrime city, V ft
Western, r ft
.
.
8*®
.
.
.
....
t
.
Sup.to fine
Kx fine to finest.
Uncolored Japan, Com. to lair.
do
Sup’rtoflne
Ex.fine to finest....
do
■
do
Ex fineto finest
do
Choicest
Bone. A Cong., Com. to fair
do
Sup'rto fine
do
Ex. fine to finest...
TIN—
Banca
Straits
1T7
RICE—
Carolina, fair to cho’ce
•
TOBACCO—
....
©
...
© 19 75
© 10 50
© 12 00
© 21 DC
13*©
14
Patna
SALTPETRE—
Refined, pure
Crude
Nitrate soda
Clover, Western.
Timothy
Hemp, for? ign
Flax,rough
“
8
“
8 00
leaf,
8*
7*
2 87*
7*©
7*
fl sack.
26
80
1 50
©
©
©
23
85
2 60
V*
....a
12*
gold
5*©
2* a
5*
2*
**
tP 16.
fi bush.
Linseed .Calcutta © 56 ft gold (time).
13
2 55
2 CO
12*
2
1
2
2
65
«1
10
15
87*®
9
37*
4*
@
8 25
11*®
13*©
Kentucky lugs, heavy
“
28
8S
7
18
leaf—Connecticut wrappers*78
Conn. A Mass, fillers. *78
Pennsylvania wrappers. ’72
Havana, com. to fine
ManufaC’d, in“bond, black work
18k
©
®
0
fi
40
13
25
«
0
1 25
30
to
50
6t
55
45
®
55
American.Combing
54
Extra,Pulled..
No.l, Pulled
46
30
0
©
®
35
*•
WOOLAmerlcan XX
American, Nos. I A 2
,
87*®
bright work
♦ft
63
50
California. Spring Clip2S
21
2*
2i
Smyrna.unwashed
0
f'i
at.
Burry
South Am.Merino unwashed
Cape Good Hope, unwashed
Texas, fine
Texas, medium
0
®
fit
0
29
Superior, unwashed
Coarse
7* ©
2 70
a>
“
Medium
7*©
gold.
1»*
“
Plates.char.teme
6*
SALT—
Turks island
Sc Martin’s
fjlvarnooi .various sorts
gold.
English....
1*28
15*©
..
•
Plates. I. C.charcoal
9*
Lard,steam..
33
45
60
85
©
82
©
50
•
75
©
1 10
©
SI ©
87
50
40 ©
75
62 ©
1 <0 © I SO
SC ©
35
38 ©
50
72
58 0
21 0
26
29
27 0
Nominal.
42
87 ©
54
46 ©
4*
59 ©
82
27 0
i>2
86 ©
70
55 ©
97
85 ©
27 ©
84
52
36 ©
85
58 ©
©
©
©
50
75
30
86
60
90
,
dr.
12*
“
♦ fc
20
36
,
do
60
1 25
70
42
1 25
80
..^©
“
*’
“
10H
10
•!
»|
©
...
do
do
do
©
© 48 50
an
12
10*®
..
Imperial. Com to fair
no
Sun. to fine
0o
Extra fine to finest....
9*
....©
50
50
59
50
00
....
9*0
9*©
8*®
Oolong, Common to talr^^,...
do
Superior to fine
Refined, standard white
16
19
9
10
IS
11*
©
11*©
10*@
Ex. fine to finest
Choicest
do
do
20
“
11*©
11*©
—
Gunpowder, Com to fair
do
Sup.to fine
“
Vbbl. 22 no
7*@
ar.
©
Cases
PROVISIONS—
Pork new mess
Pork, extra prime
Pork,prime mess ...
Beet, plain mess, new
Beef, extra mess, new
Be^fhams
Htms, smoked..
9*©
7*©
centrif.;.
do
Superior to flue
Extra fine to finest
do
do
Choicest
Young H3rs0n.C0m.t0 fair
do
Super.to flue.....
Ex.fineto finest....
do
do
Choicest
H*
75
...©
19 at
Naphtha. City, bbls..
»*©
m*
TEA—
Seed
PETROLEUMCrude, in bulk
£?**•
9*@
11
do
granulated
do
cut loaf
Soft white, A. standard
do
do
off A
White extra C
Yellow
do
Other Yellow
.©
55
15
63
40
85
75
65
75
15
25
•
7*0
Vft
-
OILS—
Cotton seed, crude
Olive, in casks * gall.
5
7*0
Refined—Hard, crushed
Hard, powdered
OIL CAKE-
City, bag
8*4
.
B*
7* a
.
7*®
«*©
Java. do. D.8., Nos. 10S12
Manila
N. O., refined to grocery grades
1
2 10
2 35
19
....©
©
©
Brazil,bags,D.S.Nos. 9©11
12*
,
14*
lix
11*
cur.
Melado
Hav’a. Box.D. 8. Nos. 7©9 .
do
do 10912
do
do 18@15,
do
do
do
do 16@18
do
do 19©20
do
do
white....
do
do
Porto Rieo,refining, com. to prime,
do
grocery, fair to choice..
12
•
10*@
••«••••••••
@
10*©
Cuha.lnf.to com. rettn'ng
do .fair to good refining..
do prime, refining
do fair to good grocery
do pr. to choice grocery..
do centr.hhds. A bxs, Nos. 8@18
Molasses, hhds A bxs.
s*
8*@
12
10*©
80GAR-
9
.
7 00
H 65
825
Store Price*.
14* *
17*
6*«
8Y
American cast, Tool
American cast spring
American machinery
American German spring
10
Walnuts, Bordeaux
“
English, cast/Jd&lsi quality » ftgold
English, spring,2d A 1st quality.. **
English blister,2d A lBt quality.. '*
English machinery
“
English German,2d A 1st quality **
50
40
00
50
9*©
Brazil nuts
do
do
do
do
34*
cur.
STEEL—
2 00
....©
Barcelona
...
2 25
2 25
2 25
8EED—
Shipping * 25 ft keg
Mining A Blasting
© 2 40
0
1 22
77
NAVAL STORKS—
Rangoon, In bond
GUNN! FIS.—See report iinoer Cotton.
GUNPOWDER—
©
©
«a!'..
2 85
1 20
48
45
48
50
55
65
©
©
©
gold.
3 60 © 15 00
©
©
©
SO
28
28
28
86
81
35
25*©
25*@
f
rough.
Slaughter crop
Oak. rbtxgh
17
•
Domestic liquors—Cash.
Alcohol (88 per ct) C. & W
Whiskey
CO
00
00
14*
5*
00
© 52 CO
©
3o
stems
3 00
00
CO
27
©
•..©
102*© 1 05^
10*©
10*
8 65
3 45
....
5 95
l<jw
1 17V
"
”
V*
9*
8*
7*
I*
.a
48 00
Louisiana, fair to prime
34
27
20
40
25
15
•
©
©
••w
•
••••••«••
“
LEAD—
9
21
25
27
....
27 00 © 28 00
25 00 @ 26 GO
23 00 © 25 00
31 50
35 00
Store Prices,
Sperm, crude
FRUIT—
*
©
Whale, Northern
@
*
12
H*©
11)1
1 65
86
••
Gin
*
15*
•
28
24
Rum—Jam.,4th proof
8t. Croix, 3d proof
.©
do
a
*
25*
«*©.
SPIRITS—
Brandy, foreign brands
180 00 @140
Scroll
80 00 @125
Hoop
'.
87 50 @135
gold.
.©
Sheet, Russia, as to assort
Sheet, single, double A treble, com.
4 ©
Ralls, new, English
gold 48 00 @ 50
do
©
...
Batavia
.
do
12
12*©
Bar, Swedes, ordinary sizes
”
"’6*
@
a
—gold. 5 75 a
gold.
31
60
45
86
5
6*<a
6*3
18
1*©
Madder, French.
”24*
4*62*
&
15
26
25
20
Jalap
Licorice paste, Calabria
Licorice paste. Sicllv ..
Licorice paste, Spanish, solid., .gold
Madder, Dutch
“
Prusslate potash,yellow
Quicksilver
3*
4 82*
&
5 80
1 80
cm.
Opium.
24
S3
17
16*3
2 06X@ 2 18*
35 50 © 37 00
“
*•
‘
♦ &.
Bleaching powder
2*
18
28
3
4 51
©
...
©
©
©
00
5 03
©
18
18
25
Cloves
14
14
14
11
10
©
2S
15
12
7 00
Nutmegs', Batavia and Penang.
Pimento, Jamaica
14
9
♦ ft
Crop of 1874
Crop of 1873
Crop of 1872
87* a
...gold
Cassia, ChinaLlgnea
•••••••
10
....
50, © 5
4
white
do
4 25
©
cur.
Pepper, Batavia
do *
Singapore
do
H.
22
Domestic
SPICES—
do
ualcutta
N1&C6
HOPS-
niihft
gold.
“
krgols.reflned
*
^
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Ginger African
•
©
©
©
©
©
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...
,
28”
5*0
500
ft
Canton, re-reeled No. 1 Cotngoun..
SPELTER—
Foreign
100. ft. gold.
©
©
I*
66
English
IRMA-Pig, American. No.l...
Pig, American,No.2 ...
Pig, American, Forge.
6 50
12 00
@12 00
days, gold.
gold.
gold.
Argols,crude
** *
they run
22*
.*
Tsatlee»Nos.l to4
Tsatlee, re-reeled
Taysaam. Nos. 1 A 2
22*®
©
COTTON—See special report.
DRUGS & DYES—
Alum, lump
*
Shlpping
•*
Bavarian
© 17 00
Bolts
Sheathing, new (over 12 oz)
Braziers’(over l«oz.)
American Ingot, Lake
do
do
do....
•’
Belgian
COPPER—
do
•*
Pig, Scotcn
5 00
Native Ceylon
Maracaibo
Laguayra
St. Domingo
Savanllia
Costa Rica
Bi
do....
do....
Grande,
...
cheese—
New State factory, fair to
Old State, good to prime
**
25
24
©
©
©
©
22*©
do....
Dry Salted—Maracaibo ,do....
do....
Chili,
do
Pernambuco,
do,...
Savanllia,
©
©
©
©
15
15
13
U
do....
Rio
©
11*9
"
Orinoco,
California,
Matam. andMex, as
Maracaibo,
Bahia,
a
1 85
gold...
BUTTER—(Wholesale Prices)—
Half flrklns(East’iu eld to new ext ra
Welsh tubs,
“
old to new extra
Half firkins (West’n) old to new IstB
Paris white. English.'prime
do....
Corrlentes,
9*©
Lead,wh., Amer., pure dry
Zinc, wh.,Amer. dry. No. 1
“
Montevideo,
3 50
6 50
5 75
3 75
8 25
5 00
Clinch, IX to 8 In. A longer
•43
23
2i
22
Dry—Buenos Ayres, selected, gold
8 00
15 00
82 on
1 80
1 35
1S5
35 00
25 00
30 00
75 00
50 00
40 00
75 Ou @100 00
18 00 © 25 00
17 00 © 20 00
...
JHails—10@80d.com,fen A sb.^p keg
Welsh tubB
©
©
©
.©
(3
@
©
<3
<3
@
©
28 00
‘Dement— ft isendaie
Dime— Rockland, common
fLvm&sr—Southern p‘ne
•White pine box boards
White pine merchan. box
'Clear pine
Oak and ash
Blackwalnut
Spruce boards & nlanks
Hemlock boards A planks
....
HIDES—
8 00
12 00
Croton
....
@280 00
©
gold.220 00 @225 00
“ 210 00 ©280 00
*ft
8*
7*@
“
5*3
5*
“
4*®
5*
Italian
•fan 11a
Sisal
Jute....
M
Philadelphia.
V ton. 285 90
Russia, clean
ASHES—
PoL,
BREADSTUFF'S—See sped al report.
BETILDING MATER1ALSJSrHcks—Common liard, afloat
SILK—
HEMP AND JUTEAmerican dressed
American undressed
fi NISR.AL
PLM-OMS OU'UK IS NT.
do good,
do prime,
Java,mats
May 15 18*5,
THE CHRONICLE.
re
33
29
28
.4
11'
0
©
20
;7
...gold.
ZINC—
Sheet—
FREIGHTSTo Liverpool:
Cotton
V ft.
Flour
7R bbl.
prsAM.T—
s.
<1.
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a
2 6
<1.
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a
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l 10* *
20 0
35 0
0
0
9-82
...
22 4
Heavy goods. .V ton.
22 6
Oil
Corn ,b'lk A bgs. V hu.
Wheat, bulk A hags..
Beef
...Vtce.
85 n
«*<&....
so
4 0
0
....
Pork ...........©bbl.
3 6
3 0
«
...
.....
a,i00
9*
8*>
* t», gold, net
5* 3;...
..
4*@
**•*
5*
....
@FedFRASER