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MAGAZINE,
$Jk w * jni p e *,
MERCHANTS’
HUNT'S
§-
INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
[Entered, according to act of Congress, in tbe year 1880, by Wm. B. Dana & Co., in the office of the Librarian of Congress, Washington, D. C.l
REPRESENTING THE
merchandise trices about the first of
CONTENTS.
5
THE
The
NO. 777.
SATURDAY, MAY 15, 1880.
VOL. 30.
Speculation aiirl Its Col¬
lapse
Reform Desirable.
THE
503
Banks, etc.
THE
Railroad Earnings in April,
and from Jan. 1 to May 1—
Latest Monetary and
cial English News
507
Commercial and Miscellaneous
News
509
New York Local Securities....
Investments, and State, City
512
and Corporation
515
516
Sep.,
Oct.,
Nov.,
Dec.,
Jan.,
Feb.,
Mar.,
Apr.,
May,
Finances... 517
Aug.,’79 1112
’79 1218
’79 1038
38345
’79
44 352
’79
44353
’80
44353
’80
’80 13*18 46357
50357
’80 13
’80 lli«i6 50356
i?“
M’y 13 “ nui6
520 | Dry Goods
526
521 Imports, Receipts and Exports 527
525 |
^
18
32340 20
32339 20
333-40 29
July, ’79 12716 31342
COMMERCIAL TIMES.
Commercial Epitome.
Ct8.
Ct8.
510
500
Quotations of Stocks and Bonds
|.§
c
Commer¬
28
26
33
$
28
43353 26
ST
ern
$
1 17
50319 50
3 1 06
— 1 05
003
00323 00 1 OlV&l 03
00330 00 1 201*31 22
00329 00 131 3133
00327 00 1 371*31 40
00335 00 1 46 31 48
340 00 1 32 31 35
—340 00 140 3143
00339 00 127 3129
3123
00331 00 L 21
00328 00 1 22 31 24
—
38
I-
AItrnoeri-n,Pig,1. 2XWohe.at,Spring.} WCesot¬rn,Mired.
can Xo.
.
BANKERS’ GAZETTE.
Money Market, U. S. Securi¬
ties, Railway Stocks, Foreign
Exchange, New York City
5$
CHRONICLE.
Atchison Topeka <fe Santa Fe
Railroad
504
Mr. Sherman and the Chamber
of Commerce
508
Special and Not General Tariff
je
each month.
$
Cts.
4034314 10 253
43345
463461*
533
-
58360
58362
60363
60363
56359
52355
51353
51353
8 753 8
8 703 8
9 503 9
10 503
12 cO a>12
12 75313
12 50312
12 503
11 603
10 90311
11 12311
80
75
75
—
50
00
70
—
—
00
25
enlarge the foregoing by adding other
articles, they would afford us no additional information,
but simply furnish a wider illustration of the same truth.
We might sum up or describe the course of the entire list
of the merchandise markets by saying that last spring a
The Commercial and Financial Chronicle is issued every Satur¬
rise in values began which produced universal speculation,
day morning, with the latest news up to midnight of Friday.
[Entered at the Post Office at New York, N. Y., as second-class culminating this spring in a collapse, the force of which
mail matter.]
has not yet spent itself.
Wool is about the only article
dealt in, not closely following the general decline, and that
has now just begun to partake of the prevailing influence;
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage)
but although late in starting, unless the supply turns out
$10 20.
For Six Months
do
6 10.
much less than is now claimed, it will soon necessarily
Aifnual subscription in London (including postage)
£2 7s.
Cotton
Breadstufts
If
we
were
to
JChc Citroniclc.
Six
mos.
1 8s.
do
do
do
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Office Money Orders.
AdvertiKemeiits.
•
Transient advertisements are published at 25 cents per line for each
insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each
WILLIAM B. DANA,
JOHN G. FLOYD, JR.
insertion.
WILLIAM B. DANA 8c OCX, Publishers,
79 8c 81 William StTeet, NEW YORK.
?
>
Post Office Box 4592.
tumble with the rest.
We shall
serve a
good
purpose
by
because such a
have a general
origin; and further, becausp, as we have already stated, we
may thus in some measure help to enlighten those who are
analyzing this movement a little closer,
prevailing tendency up and down, must
looking for “ another boom.”
The year 1879 opened on a condition of universal mer¬
cantile prostration with extremely low values the world
after a period of depression constantly growing in
IScents.
severity from 1873. It will in no manner help our pres¬
Ep* For a complete set of the Commercial and Financial Chroni¬ ent
purpose to refer to the causes which had produced that
cle—July, 1865, to date—or Hunt’s Merchants’ Magazine, 1839 to
1871, inquire at the office.
condition ; it is sufficient to know that it existed, and that
furnished at 50 cents; postage on the same is
Volumes bound for subscribers at $1 20.
A neat file cover is
over,
producing world was almost hopelessly des¬
pondent. The readjustment of our currency to a gold
basis, perfected in January, 1879, gave capital its first feel¬
ing of security, subsequent to the break of 1873. Timidly,
at the start, but with daily increasing boldness as our ex¬
periment of specie payments proved its permanency, capital
became more and more venturesome, until with the large
influx of gold from Europe the last doubt with regard to
the whole
THE SPECULATION AND ITS
There is no great
COLLAPSE.
interest felt, beyond the trade affected, in
ordinary market fluctuations, except by the speculator.
are rising
and falling under local
or
special influences, but have no general significance.
The changes however that are now taking place, and those
which have occurred during the previous twelve months,
are of a different character.
They are the history of a the currency was removed, enterprise everywhere was
sentiment, if not of a .principle, and are of present in¬ quickened, and a feeling of general and extreme elation
terest to us, because of the conclusions we can draw displaced the intense despondency before that felt.
How
or the
could
light we can gain from them, with regard to
speculation be stayed within any ordinary limits
the future.
The story of the rise and fall is quickest under such circumstances, especially when the large prices
told by a table of monthly prices of a few leading articles received for our staple products, the large earnings secured
of merchandise.
by our railroads, with the large consumption thus set in
the
Prices at all times
LEE. CHRONICLE.
504
JEL
affording - good prdfits to every manufacturing could be obtained simply by pushing up prices. That
bubble has burst. In the second place it is well to remem¬
industry, made it look as if no price was too extravagant
motion
further profit upon.
order of the day, for every man
to realize a
could only
within his reach, if he
the slenderest margin.
So buying became the
felt
own
ber that
our
prosperity has in no degree been checked, but
by this result. We have been taught the
rather advanced
if riches were
something even on great truth
as
we came near forgetting—that wealth is the
reward of labor.
The young men that have been sending
the time helped on this craze was their dollars to Wall street, Hanover square and Whitehall
the reaction which it also produced in Europe.
Of course, street, expecting as a result to spend their life without toil,
We were
under the circumstances recalled above, the most extrava- are among those who have received this lesson.
also fast getting into a condition in which we could export
; gant ideas of consumption were circulated and acted upon.
Can we expect the country to
We were told, for instance, that two or three times as many none of our manufactures.
A feature which for
miles of railroad
were
to be built here in 1880 as
before, and that our demand
rails and iron would exceed the capacity of the world
been built in the same time
for
long with such a tendency. The severe process
going on will probably rectify this defect. It has
already set produce in motion; we.look to see it act simi¬
larly on our manufactures, which we were so freely sending
away when the year began.
There is, we believe, a pros¬
perous future before us ; .-but it is not to be attained
through a senseless speculation, as was generally supposed
a few weeks since, but through such industry, economy in
production and wisdom in legislation as will enable us to
compete with other countries in the markets of the world.
prosper
now
sent all over Europe, bought every
rail, in fact every scrap of iron which could be
scraped up in Great Britain and on the Continent, and
set the mills of Europe producing under orders from us
which made their owners fairly laugh again. And what we
■did in the iron and steel departments was only about a fair
sample of the renewed demand we made upon many other
European industries. Naturally, this revival there reacted
in some measure on ourselves, giving us for the time being THE ATCHISON TOPEKA, & SANTA FE RAILROAD.
higher prices for our own products.
The Atchison Topeka & Santa Fe Railroad has of late
But real prosperity is not a condition of constantly rising
values. Such a course must evidently have a limit; it is years assumed such a position that more than ordinary
unnatural, and will react unfavorably sooner or later. We interest attaches to its reports. The charter for the
always deceive ourselves as to consumption while a rise construction of the road was granted as early as March
of that kind is in progress, and speculation takes 3, 1863, and authorized the building of a line from Atchi¬
the place of
legitimate trade and finally brings son on the Missouri River in a southwesterly direction to
the catastrophe.
In the present case the country some point on the western boundary of the State of
found itself with the beginning of this year in a state Kansas. Ten years were allowed in which to complete
Nothing was done for a long time afterward,
which the facts we have been relating would naturally the road.
produce. In the first place, instead of products going into and it was not until the charter changed hands, in Sept.
consumption, they went into stock; hence, suddenly and 1868, that any effort was made to begin work. Even
rudely we were waked up (by money becoming very close) then construction proceeded but tardily. In 1869 28
to a realization of the fact that we were carrying immensely miles were built, and in the following year 34 miles,
increased stocks of goods and merchandise, domestic and opening a line from Topeka to Emporia. In 1871 a
foreign. Our national banks reported their loans and dis¬ little more headway was made, and the road extended 75
The necessity for
counts on the 4th of April, 1879, at 814 millions; on June miles further west, to Newton.
14, at 835 millions; on October 2, at 878 millions; on prompt and energetic action, in order to save a large
.December 12, at 929 millions; and on February 21, 1880, and valuable laud grant, now became apparent. Only
tit 969 millions.
Here was an increase of 155 millions in about a year remained in which to complete operations.
the loans and discounts of the national banks in a little Accordingly, on March 22, 1872, the directors voted to
more than ten months.
There is a popular belief that proceed with all possible haste, and immediately gave out
this was all due to speculations in railroad securities; that, contracts for the completion of the remainder of the line.
With such expedition was the work now pushed
we admit, was in part the cause, and yet it was only one
feature (and not the most harmful) of the condition which that the entire road from Atchison to Colorado was put
in operation on Dec. 28 of the same year, 362 miles (in¬
pervaded all business classes and interests. Of course,
with such an accumulation of stocks of merchandise cluding a small branch from Newton to Wichita) being
Soon
in progress, and such a rise in values, our exports thus built within the brief period of nine months.
thereafter
(afterwards
con¬
the Colorado & New Mexico
•{lid not keep up to anticipations, while our imports
went beyond all precedent.
The latter increased month solidated with the Pueblo & Arkansas Valley), from the
Kansas State line to Granada, 11 miles, was acquired.
by month, until in March they had reached 71 millions,
and probably in April even more than that, being the Then there was a lull until October 1, 1875, when the
result of orders sent out while the excitement was at its Kansas City Topeka & Western and the Pueblo &
Arkansas Valley were leased, the former giving an outlet
height. In consequence of this great change in our trade
balance, exchange rose until specie began to move from us to Kansas City and the latter (not finished until the fol¬
to Europe; this latter fact, however, soon disclosed the lowing year) running from Granada to Pueblo, Col.
•artificial condition of the markets, sending prices down and For the next two or three years nothing of importance
was done except the leasing of the Pleasant Hill & De
again starting the export of goods.
'Such is a brief history of the past few months.
The Soto, giving connection at Pleasant Hill with the Mis¬
conclusions we may draw from these facts are too apparent souri Pacific, and the construction of another small branch
The extension of the Pueblo & Arkansas
to need any extended statement of them. In the first place, in Kansas.
prices are evidently returning now to their true relations, Valley, from La Junta to the southern boundary of
and it is a healthful reaction ; for no values can long be Colorado, was completed towards the close of 1878, and
sustained that are not thus regulated. The elation the since then the work of construction has been carried for¬
ward with much vigor. In 1879 about 300 miles of new
country felt at seeing our productive energies once more in
motion gave currency for a time to the idea that riches road were put in operation, and up to the 1st of May of
do
supply it.
•old
■
had ever
So
we
-
May 15,
THE CHRONICLE.
1880.]
the current year
150 miles more had been
added, bring¬
ing the line to Albuquerque, 918 miles from Kansas
City. - At the beginning of 1875 the number of miles
operated was 508 ; on May 1, 18 SO, 1,318, illustrating
the progress that has been made during the last five
years.
be already in the field. We
City Burlington & Santa Fe*
This road is at present only in operation from Burlington
to Ottawa, in Kansas, 46 miles, but its ultimate destina¬
tion is Santa Fe, in the one direction, and Kansas City,
or some other point on the Missouri River, in the oppo¬
A
seems to
allude to the Kansas
5879781
But the chief interest which is
centres in the proposed line to the
Pacific, to be built by it jointly with the St. Louis &
San Francisco. The St. Louis & San Francisco, it will
be remembered, is the former Atlantic & Pacific, reor¬
It is under the charter of the latter that the
constructed. The
St. Louis & San Francisco at present extends to Yinita
in Indian Territory, and a line through the territory, as
extension to the Pacific coast will be
provided in the Atlantic & Pacific charter, has been
surveyed; but Congress having made no provision for
the opening of that country, nothing can be done tow¬
ards its completion. The St. Louis & San Francisco
parties have therefore decided to build, in connection
with the Atchison Topeka & Sante Fe, the Western
division of the road first, from Albuquerque, and to do
it through and under the name of a separate corpora¬
tion, to be known as the Atlantic & Pacific Railroad,
controlled by the Atchison & Sante Fe and the St. Louis
& San Francisco.
doubt, give additional trade,
though there seems to be a disposition to over-estimate
the advantages to be derived from it. Not much can
be expected from through traffic, that is, traffic carried
to and from points in California; for, even supposing
that the Atlantic & Pacific could get a large share of it,
the total to be divided would be very small, since the
Union Pacific carried last year only
180,214 tons
through, east and west. And as for local traffic, the
country over which the line passes is not such as to
encourage very extravagant expectations. The soil is
for the most part sterile and unproductive, though there
are exceptions to this along the valleys of the Rio Grande
The land is, however, excel¬
and other streams.
This
route
will,
being offered to the
2£ millions, and it is the intention to build
from Burlington to Wichita, on the south, aud from
Ottawa, northward, during the current year. But, as
said above, the Atchison road follows the course of the
Arkansas River, and by virtue of this fact will always
have a strong hold on the business of the section con¬
tiguous to the river.
As to the business for last year, it need hardly be said
that the results of operation were highly satisfactory.
Compared with 1878, the gross earnings increased-*
$2,430,574 and the net earnings, $1,545,572. The
operating expenses were only 45*85 per cent of the
gross earnings. The first dividend (3 per cent) on the
company’s stock was paid in August, and another divi¬
dend has since been paid (Feb. ’80) out of the same
year’s net earnings. After deducting payments for
interest, dividends, rentals, operating expenses, and all
disbursements properly chargeable to the year’s account,»
there was left to the credit of the income account the
sum of
$1,311,565. New construction and equipment
was paid for by the
issue of additional stock, and no¬
The following
increase was made in the funded debt.
is a condensed statement of the company’s operations
during the last six years.
Bonds
felt at the present time site direction.
in this company
ganized.
competitor
no
amount
Tear.
now
of
Mile8 at
Gross
*Net
Capital
endofyr.
earnings.
earnings.
stock.
508
711
711
786
868
1876.....
1,107
*
are
$1,250,805
$623,050
1,520,358
2,486,582
2,679,106
3,950,868
6,381,442
1,188,244
1,219,603
1,909,395
3,454,967
743,928
$8,615,000
8,615,000
8,615,000
8,615,000
8,615,000
12,634,400
t Funded
debt.
$13,949,000
•
13,940,500
14,179,000
14.236.500
14.175.500
14.136.500
taxes, aud insurance, but not above rentals.,
Pottowatoinie bonds or notes payable.
Above operating expenses,
t Not including
given in the report is very meagre
regards the traffic movement. For the first time no
lent in some respects for grazing purposes. It will be figures are furnished showing either the freight mileage,
the passenger mileage, the rate realized per ton or per
seen, therefore, that chief reliance will have to be placed
passenger per mile, or the average cost of hauling a ton*
upon the products of the mines and upon transportation
or a passenger.
It is to be regretted that the manage¬
of live stock. Perhaps, also, the passenger business may
be expected to' supply something, as in winter the ment have permitted themselves to omit so important
Southern route will be the
more
favorable
one.
The information
as
part of an annual exhibit as the traffic statis¬
There is a brief statement of the number of pas^
and useful
tics.
a
Still, the new line is sure to contribute some busi¬
sengers and of tons of freight carried, and from this we
ness, and as the road is an outside affair, the only liability
find that tons of freight moved westward increased from
yet assumed by the Atchison company being a guarantee
This increase
of interest to the extent of 25 per cent of the gross 288,278 in 1878, to 496,886 tons in 1879.
was derived chiefly, no doubt, from additional quantities
earnings derived by it on traffic received from or
of railroad supplies, &c., carried ; in fact, 109,329 tons
delivered to the line, this is a favorable feature for
The Atchison company also proposes of the company’s own materials are included in
the future.
the total for 1879, which, however, was counted as
to build from Albuquerque southwestwardly to the
Mexican frontier.
This line would connect with the contributing but $252,294 ’ to the gross revenue*
Southern Pacific, giving still another outlet to the Pacific The number of tons moved eastward decreased 17,573,
coast.
In addition to this a road in Mexico is contem¬ the result wholly of a partial, failure of the wheat crop,
plated, from the northern boundary of the country, to causing a falling off in the quantity of wheat transported of
on the
that materials and
Guaymas,
Gulf of California.
Indeed, it is said
engineers have already been sent south
the westward
only
tho
receipts from the same were more than 2^ times as large*
This is accounted for by the fact that the freight bound
west is usually hauled longer distances, and by the fur¬
80,882 tons.
It will be noticed that while
movement, excluding the company’s freight, was
'about one-third larger than the eastward movement, yet
begin work. These remarks will give an idea of how
far-reaching the plans of the managers of this
corporation are.
For the larger part of the distance the main line of the
Atchison & Santa Fe, in Kansas, passes through the ther fact that the rates obtained are better. The passen¬
rich and fertile district of the valley of the Arkansas ger movement also shows a gain, both eastward and
River. Up to this time it has had pretty nearly all this westward, and the receipts from the same are $365,734
and the adjacent country to itself.
But from present in excess of those for 1878, notwithstanding a reduction
in the rate of fare^from six cents per mile to four cents.
appearances that will not long continue to be the case.
to
vast and
58778811
THE CHRONICLE.
506
The
freight and passenger figures in
lows
:
Tons
Tear.
East.
79,416
18771
104,897
157,141
176,122
322,808
305,235
of Freight Moved.
West.
Total.
106,894
147,486
168,481
195,961
288,278
496,886
186,310
252,383
detail are as fol¬
Passengers Carried.
East.
32,248
325.622
32,877
60,109
372,083
611,086
802,121
76,667
99,690
144,796
West.
Total.
37,411
40,065
73,618
88,651
117,415
169,505
69,659
72,942
133,727
165,318
217,105
314,301
[VOL. XXX.
however, are imperfectly understood, and their applica¬
tion offers a wide field for the statesmen and econo¬
mists of the future. One of their obvious uses is to
suggest caution and to show how far a solid and sub¬
stantial basis exists for some of those erratic and sud¬
den fluctuations which have been so often developed in
the sensitive values of stocks and merchandise. Making
all due allowance, however, for these laws and their
operation, the most powerful causes of the increase of
national wealth lie in the industry and productive
MR.
THE CHAMBER OF
SHERMAN AND
energies of the country. As has been well said, we are
COMMERCE.
a rich, thriving nation because we have fifty millions of
Some of the chief causes and indications of the finan¬ thriving, industrious inhabitants, and our recupera¬
cial prosperity of the United States were aptly referred tion from panics is the more rapid, because all classes
to by Mr. Secretary Sherman on Tuesday, at the annual of our citizens are producers.
Another fact referred to by Mr. feherman was the
banquet of the Chamber of Commerce. The productive
power of our people in all branches of industry is growth of public confidence.
On this point there is no .
doubt.
The
importance
in
the money market of that con¬
greater, as he showed, than ever before; three millions
of emigrants have swelled the ranks of our industrial fidence which raises or depresses public credit has been
armies during the last ten years; the entire country is often demonstrated. Never, perhaps, in the history of
enriched by railroads and telegraphs and for years has the United States has the growth of confidence at home
been blessed with abundant harvests; our mineral resour¬ and abroad in the bonds of our Government been more
ces are greater than the wildest imaginings of a few
conspicuous than during the last few years. But Mr.
years since; our four per cent bonds are higher than the Sherman’s strongest point was that our currency system
former average of our six per cents; and taxes that is the best we have ever organized in this country, and
three years ago yielded barely enough revenue to meet that to it we owe much of that stability which is
current expenses, in March last poured a surplus of one of the most valuable conditions of productive growth
fourteen millions into the Treasury, in April a sur¬ and financial prosperity.
To some of Mr. Sherman’s
plus of twelve millions, and during the present year views exception has been taken, and perhaps justly.
the probable excess is estimated at more than one But a hearty response will certainly be evoked by his
hundred >.millions. Labor is fairly and1 profitably em¬ emphatic declaration that “ we want no fiat money,
ployed. Capital is augmenting with a rapidity sel¬ but we want coin and paper money that rests upon the
dom equaled here or in other countries, and we have secured promise of the Government, or of corpora¬
now the nearest approach to a sound currency that we
tions,’ that can be converted into coin when needed.”
have ever had.
Public and private credit is improving, This is the only reference made to the banks in the
and at home and abroad there is a growing belief, sus¬ address.
Had Mr. Sherman’s limits permitted, he could
tained by abundant evidence, that our industrial de¬ have strengthened his argument by showing how these
velopment is entering upon a long period of continued institutions have contributed to our financial prosperity,
for it is admitted by all thoughtful observers, at home
prosperity.
In this gratifying review two or three points suggest and abroad, that the financial strength and recuperative
themselves for special comment. First, there is room power of this country during the war, and since, were
for watchfulness as well as for hope in the future.
The largely due to the elasticity and strength of our banking
fundamental condition of all solid growth in the revenue, system. Whether the foundations of that system have
of the Government, in the credit of its bonds and in not been weakened is a question on which opinions differ;
the productive forces of its people, lies in an ample sup¬ but it is obvious that if our financial prosperity is to be
ply of fixed and floating capital; and one of the most permanent and solid, the foundations on which the great
satisfactory features of the financial situation is the fabric rests must be carefully guarded and preserved
'
rapidity with which capital is increasing. During the from harm.
panic of 1873, as we had frequent occasion to show, an
SPECIAL AND NOT GENERAL TARIFF REFORM
immense amount of capital disappeared and became
DESIRABLE.
latent and, for the time being, unavailable.
It was then
demonstrated that the wealth which was thus tempo¬
Although now in the sixth month of the session, and
rarily lost had to re-appear again in due time, just as the talking about the date of adjournment, Congress has
seed corn of the farmer is restored by the rich crops it accomplished nothing towards a reform of the tariff.
brings him when the harvest time arrives. In a national Separate bills—even those which merely give effect to
point of view, the growth of our material wealth was, the generally admitted theory that raw materials should
perhaps, less vitally interrupted by the panic than many come in unburdened, as wood-pulp for instance—appear
persons have supposed.
However this may be, the to make no material progress, and there is nothing yet
rapid progress we have made in productive power and to which to attach any reasonable expectation that any
wealth during the last two or three years may fairly be ^genuine result wdli come out of the turmoil. With the
attributed, not only to the creation of new capital, but rest, there is the Eaton bill for turning the subject over
to the re-appearance of capital which had been tempo¬ to a special commission.
The only rational way of taking hold of this subject is
rarily destroyed during the severe prostration of credit
and industry which so long prevailed.
Macaulay, in the purely practical one of inquiring what steps of im¬
discussing the growth of British commerce, taxation and provement can be effected, under the circumstances,
national indebtedness, offers some instructive hints as to rather than what, theoretically speaking, ought to be.
those great economic laws which regulate the creation Between the comprehensive scheme which a dozen of the
and disappearance of capital under the influence of panics best economists in the country might produce, as the
and the speculation which follows them. These laws, result of half a year’s study, and what a like number of
„
iron
manufacturers might present as
we.
perverse badness of the ways by
knocked into shape—ways so bad
not be
which legislation is
that the result could
good without breaking the law
that links effect
with cause; nevertheless, the fact is so; our commission
work commands no assent, but merely brings something
long
matter.
as sweepingly
be carried by
cannot
attempted. The entrenchment
assault at all points ; a breach
the weak stone. We must recog¬
must be made at
legislative ring to be pecked at or smothered.
There is already too much reason to fear that the nize the fact that the opponents are and will be more
Eaton bill, whose friends thus far are active iron men, active than the adherents of revenue reform, and
is intended by them at least as equivalent to keeping this is so true that if every man in the country, not con¬
nected with protected interests, were suddenly to expe¬
things as they are; indeed, the practical outcome of the
treatment during the session seems likely to be the rience a rational conviction on the subject, the imprac¬
same as that of
a too-labored attempt at reform, to wit, ticability of carrying a general change would be hardly
nothing. Bills to do this or that—for example, the lessened. The practical course is to take up some single
wood-pulp bill, already referred to—which cannot rea¬ propositions, independently the strongest, and refuse to
allow them to be handicapped. Methods of indirection,
sonably, and quite evidently cannot be successfully, re¬
sisted on their merits and independently, have been like that of referring to an inappropriate committee a
antagonized by coupling them with other propositions reform bill, by which considerable excitement was
that have more opposition. It is a shrewd but simple caused in the House, early in April, may serve to bring
device—simply thickening the point of the wedge—and out a test vote, but they are not justified by any neglect
is done, of course, by those who do not want the wedge on the part of committees. The subject is within the
to enter at all.
There is nothing in the free admission control of the majority, and they can enforce their will,
of wood-pulp or of salt, independently, which could if they have a will. They need not resort to a general
affect protected interests in no way connected with those agitation, nor need they permit obstructionists to do
articles; but the objection is that the bills are a wedge so; one would be destroying the opportunity them¬
and may get its thick part in if not kept out entirely. It selves, and the other would be suffering opponents to
destroy it. Neither course is necessary, and the respon¬
seems clearly to be the tacit understanding of all op¬
posing interests that any change will be reduction and, sibility cannot be avoided by taking either. The middle
therefore, dangerous; hence that the old log-rolling and practical course is as plain as the duty of taking
some action.
compact must be kept and a solid front of resistance
made to the most innocent proposition. Because it is a
policy of obstruction and of determined resistance to RAILROAD EARNINGS IN APRIL, AND FROM
touching the protected structure at any point,
JANUARY 1 TO MAY 1.
therefore
a
general tariff agitation should be
The table of railroad earnings for the month of April
deprecated.
We cannot wisely ignore the fact
that those who are entrenched behind our incon¬ is presented below, showing that fifty roads earned
$15,080,425 in April, 1880, against $11,883,414 in April,
gruous and be-patched tariff structure intend that no
This is an increase approaching 27 percent, and,
1879.
change shall be made anywhere, if they can help it.
To precipitate an engagement along the line by tagging after allowing for a considerable increase in the number
to the simplest bills amendments which would shatter of miles operated, the improvement tins year is still so
the structure, is the plain course for an obstructive large as to satisfy the most sanguine expectations. The
policy, and to resist such attempts is as plainly the augmentation of earnings appears to arise from the
general activity which now prevails in all branches of
course for all who really want any reform at all.
Beyond this, a general tariff agitation is undesirable business, leading to a heavier freight tonnage, particu¬
for the country, because it is agitation. If anything is larly in freight towards the West, and in a materially
increased passenger movement. With the East and
clear, it is that material interests need a considerable
term of rest and stability, and nothing—except a cur¬ West trunk lines the higher freight rates obtained this
rency agitation—could work so disturbingly as a general year are also one of the chief elements in the situation.
and wide alteration of duties. The prospect of such an Last year the cutting in East-bound freight rates was so
event would be temporarily a paralysis, and all the sharp in the spring and early summer that much busi¬
ness must have been done by the railroads
at a positive
worse if added to the trouble of our quadrennial hub¬
bub. Say the worst which can be said of the tariff, loss. The average freight rates per ton per mile, in
although it is not necessary to say nearly the worst, and 1879, on such prominent roads as Lake Shore & Michi¬
the fact remains that we have it.
We have accommo¬ gan Southern and Michigan Central were the lowest
dated ourselves to it, and the substitution for it, to-day, ever made. The Railroad Gazette compiles the following
of a really wise and well-arranged system, would be, table, showing for the year 1879, or the fiscal year 1878-9,
immediately, such a shock that whether it would be the average receipt and expense per ton per mile, and
worth having, at such cost, would be a very question- per passenger per mile, of the following roads :
into the
.
‘
During the last twenty years, the tariff
changes have averaged more than one per year, nearly
all in the direction of increase of duty.
As it stands, it
is inequitable, destructive of revenue in some instances,
obstructive of the development it professedly seeks, in
some other instances, and its
execution is repressively
harsh.
Yet industries have gathered around these laws,
and they are the conditions of fact which underlie all
transactions. For this one reason, therefore, their com¬
plete reversion is a work not lightly to be undertaken.
And all the more is this true because such an attempt
is hopeless.
To admit either proposition is not admit¬
ting that the tariff must therefore stand untouched in¬
definitely ; yet the change will never be made sweepingly, when made, and will never be made so
their idea of a II able
should not have much choice, for the reason
that while the latter would certainly not be good, the
former would probably be bad by being too good—it
would have so much closet-theory, however excellent,
that nothing could be done with it. Hence we can see
nothing to be gained by any expert inquiry. The result
would be only a scheme to be picked to pieces, and we
recall no instance, at least for many years, when such a
process has led to any practically useful legislation on a
contested subject in Congress or in any State. Of course
this ought not to be so, and that it is, illustrates the
tariff,
507
THE CHRONICLE.
15, 1880.]J
May
CHRONICLE.
THE
ms
-Per passenger
2-050
2-091
Pennsylvania:
Pennsylvania RR. Div
2-281
United N. J
2-173
2-944
Pliil a A Erie
All Pennsylvania
2255
2-410
2-510
2'566
2-210
Pitts. Cin. & St. L
Col. Chic. A Ind. Cent
Vandalia Line
Michigan Central
O.OOQ
Bake Shore A Mich. So
Cleve. Col. Cin. A Iud
2*579
2-419
3-050
Chicago A Alton
Illinois Central
Chic. Mil. A St. P
*
1-682
1-641
2-923
1-709
1-480
2-270
2-559
1-414
1-448
1-135
1-282
1-273
1-603
2-930
These three roads for the jear
Cents. Cents.
0-622 0451
0-541 0-255
0-561 0*219
0-796
1-473
0-512
0-824
0-720
0-700
0-931
0 692
0-612
0-697
1054
1-520
1-720
0-599
0-532
0021
0-546
0-930
0-240
0007
0796
0-775
1-444
1-137
1-777
1-327
0-427
1-012
0-354
0-480
0-420
0-590
0-715
0-407
0 398
0-369
0 461
0 158
0-314
0-300
0110
0-216
0-285
0-244
0*575
0-122
0-496
0-558
0-640
0-941
0-880
0-779
ending with September, 1879.
Among the most remarkable figures yet published in
any department of railroad earnings are those given in
the extended table at the end of this article, showing the
gross and net earnings of many roads for the month of
March and for the first quarter of the year. The only report
of earnings which really shows a positive and certain result
is that "which gives net earnings as well as gross, and
nothing could better prove this fact than a brief refer¬
ence
to
It will be observed that
the table below.
prominent roads the entire increase of gross
earnings in March, or even more than that amount, went
profit account, as the expenses were nearly the
same in each year, or less in 18S0 than 1879.
Thus, on
the Canada lines, on Erie and on the Pennsylvania Rail¬
road, the conspicuous increase in net earnings, as com¬
pared with the increase in gross receipts, during that
month, gives most striking testimony as to the practical
effect of higher freight rates.
On the other hand, the
importance of having the net earnings is quite as well
shown by the St. Louis & Iron Mountain report, in
which the gross earnings for March, 1880, showed an
increase of nearly $100,000, and the net earnings, owing
to heavy expenses, a decrease of about $10,000.
Except
from estimates based on the reports of other roads
doing a similar business, who can say to-day whether the
large increase in gross earnings reported by such promi¬
nent corporations as New York Central & Hudson and
-Philadelphia & Reading, do or do not indicate a corre¬
sponding increase in net profits ? Since these companies
have gone so far as to give out monthly their gross re¬
ceipts,will they not finish the good work, in all sincerity,
by giving out at the same time their operating expenses
and net earnings?
.For the first week in May the gross earnings come in
quite handsomely, as may be seen by the following
reports from some of the principal roads:
to the
•
1880.
1380.
...
•
...
...
...
...
...
...
...
1879.
$31,350
235,000
63,418
161,810
22,458
137,400
61,693
30,463
$21,292
.
56,101
151,910
15,332
87,753
45,197
27,000
13,065
72,325
18,928
22,30 4
20,680
...
98.900
...
38,265
25,021
...198,418
180,999
...
...
-
124,528
1879.
•
$
Alabama Gt. Southern..
Atcti.TopekaA Santa Fe.
Burl. Cedar Ran. A No..
Cairo A St. Louis
Central Pacific
Chesapeake A Ohio.
Chicago
Alton
Chic. Clint. Dul>. A Minn.
Chicago A East. Illinois.
Chic. Milw. A St. Paul..
Chicago A Northwest..
Chic. St. P. A Miuneap..
Chicago A West Mieli
Cincinnati A Springfield.
Clev. Col. Cin. A Ind....
Clev. Mt. Vernon A Del.
Denver So. Pk. A Pacific
Detroit Lans. A North..
Flint A Pere Marquette.
.•Grand Trunk of Canada*
.
*
45,314
692,000
141,652
31,625
1,374,000
221,409
537,326
48,719
83,669
871,000
1,276,552
119,126
70,010
63,549
281,650
35,604
238,939
102,061
130,740
766,899
For the four weeks ended May 1.
Minneapolis A St. Louis*
Missouri Kansas A Tex..
Mobile A Ohio
N. Y. Cent. A Hud. Riv.
North Wisconsin
Northern Pacific
33,464
516,182
100,132
19,372
1,406,600
Increase. Decrease.
$
11,880
145,818
41,520
32,600
58,798
335,393
201,933
12,570
22,700
192.561
147,658
27,213
60,989
678,439
1,128,894
91,913
54,061
44,133
227.494
31,322
44,090
88,049
102,129
637,239
15,949
19j4l6
54,156
4.282
194.849
14,012
28,611
129,660
82,630
61,002
41,295
20,704
19,740
20,591
6,721
557,083
23,295
396,083
318,275
137,356
189,217
145
161,000
509
22,786
115,656
159,058
17,862
567,698
2,650
67,571
33,212
20,604
10,371
22,629
13,951
10,583
6,653
105,853
45,990
403,300
70,262
41,331
318,196
83,736
119,494
2,214,626
5,871
Ogdenb. A L. Cliampl’n.
4,659
85,104
90,767
93,023
239.991
173,000
92,2 42
890,137
33,145
104,103
112,374
68,897
609,278
14,852
230,859
18,293
15,080,425
t
35,591
333,014
115,569
20,453
87,965
21,262
...
3,302
7,069
174,503
$
t
34,615
48,211
3,668
23,556
21,628
80,540
8,521
183,227
27,604
809
20,132
53,541
11,883,414 3,250,552
3,197,011
*
Three weeks only of April in each year,
t For the four weeks ended April 30.
1 TO MAT 1.
1879.
Increase. Decrease.
GROSS EARNINGS FROM JAN.
1880.
133,651
Ateh.TopekaA Santa Fe.
Burl. Cedar Rap. A No..
2,277,500
679,464
1,738,629
426,695
66,150
533,871
252.769
Cairo A St. Louis
Central Pacific
109,828
5.018,539
73,549
4,832,729
185.810
Chesapeake A Ohio
Chicago A Alton
845,187
2,184,867
201,225
485,527
1,314,182
359,660
870,685
151,349
256,544
2,379,178
4,133.880
71,154
894,822
790,712
..
*
Chic. Clin.Dub. A Minn..
Chicago A East. Illinois.
327,698
.
3,274,000
4,924,592
395,041
262,234
272,755
1,209,088
139,735
716,886
373,044
505,769
3.257,331
1,557,967
750,031
1,781,783
Chicago Milw. A St.Paul
Chicago A Northwest
Chic. St. P. A Minneap..
....
Caicago A West Mich...
Cincinnati A Springfield.
Clev. Col. Cin. A Ind
Clev. Mt. Vernon & Del.
Denver So. Pk. A Pacific
Detroit Lans. A No
Flint A Pere Marquette.
Grand Trunk of Canada!
Great West’n of Canada}
Hannibal A St. Joseph..
111. Central (Ill. line)
Indiana Bloom. A West.
InternatT & Gt. North..
Kan.
Kan.
519,678
367,245
194,325
148,747
City F. S. A Gulf..
City Law. A So.*...
Little Rock A Ft. Smith.
Louisville A Nashville
2,411,573
162,989
1,399,083
..
Minneapolis A St. Louis*
Missouri Kansas A Tex..
Mobile A Ohio
N. Y. Cent. A Hud. Riv.
North Wisconsin
Northern Pacific
759,440
10,548,003
185,293
87.462
943,624
265,464
27,818
580,931
135,955
2,829,824
1,386,991
651,428
1,622,957
448,907
336,702
511,964
241,476
113,890
91,751
1,698,776
113,213
803,084
647,378
28,263
306,303
82,436
83,251
122,025
112,867
64,409
48,190
267,868
178,867
414,860
205,710
1,901,038
767,312
429,600
90,221
Wabash St. Louis A Pac.
Wisconsin Valley
1,344,533
344,480
322,864
419,102
86,993
376,162
3,415,623
108,919
2,431,554
49,037
57,210,945
Three weeks only of April
1 From January 3 to May 1.
81,020
150,281
427,507
170,976
98,603
158,826
53,243
40,315
7,714
125.769
80,435
56,996
712,797
49,776'
595,999
112,062
8,924,134 1,623,869
63,582
Paducah A Memphis*...
St.L.A.AT. H. main line.
Do
do (branches).
St. L. Iron Mt. A South’n.
St. Louis A S. Francisco.
St. Paul A Sioux City —
Scioto Valley
Toledo Peoria A Warsaw
Total
Net increase
75.276
61,913
441,062
Ogden. A L. Champlain.
Paducah A Elizabethan*
49.876
319,765
202,021
355,488
502,150
377,017
(la. leased lines)
Do
36,279
200,321
111,917
$
$
$
$
199,801
Alabama Gt. Southern
35,314
134.759
39.539
29,616
16,219
146,992
26,343
556,505
422,832
106,736
3,223
42,940
984,069
59,882
44,843,636 12,367,309
12,367,309
*
in each year.
} From January 2 to
April 30.
The statement
below
gives the
gross
earnings, oper¬
ating expenses and net earnings for the month of March,
and from January 1 to March 31, of all such railroad com¬
panies as will furnish monthly exhibits for publication:
NET EARNINGS.
»/—Jan. 1 to Mar. 31.—*
March.
1879.
1880.
1879.
1880.
GROSS EARNINGS, EXPENSES AND
.
364,147
221,547
103.945
62,704
282,141
142,600
111,924
70,894
537,812
327,826
326,563
211,307
69,210
41,030
209,986
115,256
47,242
26,985
45,987
23,114
140,188
79,252
129,278
20,257
22,873
60,936
61,249
222,762
132,172
125,096
623,778
467,907
322,916
332,803
7,076
53,591
Canal Company’s roads :
155,871
def.9,887
earnings
188,325 '
119,115
Carolina CentralGross earnings
Operating expenses
Net earnings
Chesapeake A Ohio—
Gross earnings
Operating expenses
Albany A Susquehanna—
Gross earnings
Operat’g expenses
Net earnings
$
494,244
212,103
Net earnings
Burl. Cedar Rap.ANorth’n—
Gross earnings
Net earnings
Delaware A Hudson
$
132,802
70,098
earnings
Oper’g exp. (inel. extr’y)..
Net
$
$
175,420
71,475
Atlantic Miss. A Ohio-
Exi>enses
12,253
162,611
36,149
$
$
53,895
114,252
90,229
2,782,324
Paducah A Elizabethan*
Paducah A Memphis*...
St. L. A. AT.H. main line.
Do
do
(branches)
St. L. Iron Mt. A South’n.
St. Louis A S. Francisco.
St. P. Minn. A Manitoba
St.Paul A Sioux City. ...
Scioto Valley
Texas A Pacific
Toledo Peoria A Warsaw
Wabash St.Louis A Pac..
Wisconsin Valley
Increase. Deorease.
117,920
90,374
104,096
26,461
Gross
GROSS EARNINGS IN APRIL.
1880.
$
313,777
165,444
378,339
426.550
*
FIRST WEEK IN MAT.
•Cleveland Columbus Cincinnati A Ind
Grand Trunk (Canada)
International (Texas)
BonisviHe A Nashville
Missouri Kansas A Texas
Mobile A Ohio
St. Louis Alton A Terre Haute
St. Louis Iron Mountain A Southern
St. Louis A San Francisco
St. Paul A Sioux City
Wabash St. Louis A Pacific
Great West’n of Canada!
Hannibal & St. Joseph..
Illinois Central (Ill. line).
Do (Iowa leased line).
Indiana Bloom. A West..
rnternatT A Gt. North...
Kan. Ciry F. S. A Gulf..
Kan. City Law. A So.*...
Little Rock A Ft. Smith.
Louisville A Nashville..
on
several
Burlington Cedar Rapids & Northern
Chicago Milwaukee A St. Paul
1879.
$
367,672
200,050
'
Cents. Cents. Cents.
1-241 0-899 1073
1-190 0-860 0-796
1-594 0-497 0*780
2-140
Boston & Albany*
New York Central*
Erie*
1880.
Per ton mile—.
mile^
Rec’pt. Cost. Profit. Reo’pt. Cost. Profit.
Cents.
[VOh. XXX.
.
169,171
68,029
117,030
64,616
94,436
321,426
191,317
234,685
45,208
52,414
49,228
130,109
105,219
149.466
Mai-ch.
1879.
1880.
Delaw. & Hud.—Penn. Div.—
earnings
Operating expenses
Gross
earnings
•.
New York & CanadaGross earnings
,
*—Jan. 1 to Mar. 31.—,
1879.
1880. ■
$
96,547
53,405
103,095
53,741
43,142
49,354
136,430
129,949
32,180
22,526
164,137
86,689
85,286
59,700
9,654
77,448
25,586
65,472
31,722
Net earnings
33,750
$
‘
156,560
73,479
earnings
Operating expenses
83,081
Net earnings
382,923
220,165
96.742
60.743
35,999
65,068
889,676
563,853
506,745
325,823
Operating expenses
223,223
326,453 1,161,682
654,937
182,218
Net earnings
212,386
144,235
435,609
earnings
Great Western of Canada-
earnings
Operating expenses
Gross
.
Net earnings
330,200
235,900
173,800
94,300
237,745
earnings
161,486
Operating exp. and taxes..
Net earnings
76,259
Iowa CentralGross earnings
89,581
43,000
Operating expenses
46,581
Net earnings
Louisville & NasliyilleGross
earnings
Operating expenses
Gross
earnings
72,331
54,506
37,897
16,609
264,217
225,800
125,668
157,706
100,132
47,901
496,564
183,845
114,363
151,737
96,576
497,984
393,625
309,572
69,482
55,161
146,638
806,129
351,346
89,053
1,644,958 1,356,780
902,027
945,006
4,193,557
2,758,226
3,711,344
2,841,113
742,931
411,774
1,435,331
870,231
415,325
334,166
275,270
195,261
1,080,679
702,425
872,776
5(S3,575
earnings
Operating expenses
309,201
378,254
140,055 138,905
Pennsylvania (all lines east of Pittsburg & Erie)—
Gross earnings
3,278,186 2,603,068 9,306,313 7,684,531
earnings
1,766,938 1,615,845 5,196,585 4,504,791
Operating expenses
Net earnings
1,511,248
987,223
4,109,728
3,179,740
327,678
187,156
212,775
156,059
797,357
501,211
662,523
437,113
140,522
56,716
296,146
225,410
451,560
324,863
353,147
216,774
1,497,738
905,979
1,026,337
676,207
126,697
136,373
591,759
197,469
84,664
95,296
54,306
112,805
40,990
37,896
32,218
27,808
5,678
7,090
Philadelphia & ErieGross earnings
Operating expenses
Net earnings
St. Louis Iron Mt. & South’n
Gross
earnings
Operat. andextr’y exp..
Net
.
earnings
St. Louis 4; San Francisco—
earnings
Operating expenses
Gross
Net earnings
St Paul & DuluthGross earnings
Operating expenses
Net earnings
*
350,130
3 mos.
ii
u
u
Vienna
St.Petersb’rg
««
24%@2478
4?i2®47%
It
Madrid
a
Cadiz
90 days
Lisbon
Alexandria..
New York...
Bombay.... 30 days
1880.
Texas & Pacific-
earnings
Operating expenses
Calcutta
Hong Kong..
Shanghai....
27-50
119-20
April 29 Short.
April 29 3 mos.
April 28
a
25316
473*@48
5238'2>52*2
Is.
Is.
ii
....
•
20-50
@20-66
@28-0
12-12is 2)1215
..
u
25-29
12-12
@20-66
20*64
20-64
27-95
...
....
25'2813
April 30 Short.
April
April
April
April
April
April
8d.
8d.
•mm
•••*••
....
967a
4-84i4
Is. S3jfld.
29 3 mos.
29 Short.
29 4 mos.
ii
29
ii
29
ii
29
Is. 83j6d.
3s. lO^ad.
5s. 2d.
[From our own correspondent.]
»
London, Saturday, May 1, 1880.
*
Ministry has been formed, but, in order to conciliateparty, Mr. Chamberlain hasbeen appointed to the post of President of the Board of Trade,.
Mr. Mundella to that of Vice-President of the Council and Sir
Charles Lilke to that of Under-Secretary for Foreign Affairs.
The former has a seat in thjg Cabinet, but the? latter two, whose
superiors are in the House of Lords, will be the spokesmen for
the Government in the House of Commons in their respective
departments. The appointment of the Marquis of Ripon to
the Governor-Generalship of India does not seem to afford
much satisfaction, while no one at present has accepted the
position of Ambassador at Constantinople, which will soon be
vacated by Sir Henry Layard. Mr. Goschen and Lord Carlingford have both declined it. The public were in hopes that
Lord Dufferin would have succeeded Earl Lytton in India ; but
his valuable services are required at St. Petersburg, which is a
post of very great importance. With these matters settled, and
with the election excitement and disturbance at an end, it is to
be hoped that the Government will so enjoy the confidence of
the people that trade may develop and prosperity be again
restored. Latterly, however, the trade of the country has been
new
the advanced section of the Liberal
largely
falling off in the
demand for certain commodities has brought about a consider¬
less satisfactory. The rise in prices last autumn
due to speculative transactions, and the recent
was
prices, producing much difficulty in some quar¬
is said that America will not
require much more iron this year. Some heavy purchases
were made in the autumn, and American buyers wisely took
advantage of the low prices then current. Speculators have
recently been operating as if the demand would continue, but
its abatement has brought about the usual result—realizations
and a heavy decline in prices.
able decline in
ters.
20,718
109,301
88,796
73,886
57,051
20,505
16,835
—Jan. 1 to Apr. 30.—,
1880.
1879.
'
Gross
Genoa
Rate.
Time.
ii
Short.
u
Hamburg
The
812,702
Northern Central-
Net
Amsterdam.
Amsterdam.
Berlin
.
25"4712@25*52;2 April 29 Short.
12-2
@12-3
April 29
12‘334 @12-41*
20-64 @20-66
April 29 Short.
ii
Antwerp
Latest
Date.
@2535
'@25-50
Short. 25*25
3mos. 25-45
Paris
Paris
LONDON
EXCHANGE ON LONDON.
Rate.
Time.
109,905
143,573
Net earnings
Gross
348,481
234,452
N. Y. Lake Erie & West.—
earnings
450,790
1,302,693
.
Operating expenses
715,007
1,854,490
1,041,788
England-
Net earnings
829,577
481,096
212,946
140,615
421,579
278,006
Operating expenses
Gross
EXCHANGE AT LONDON—
April 29.
Frankfort...
*605,000
370,548
Net earnings
New York & New
AT LATEST DATES.
....
Houston & Texas CentralGross
409,600
235,800
vciaiguflUsh: items
RATES OE EXCHANGE AT LONDON AND ON
262,697
197,629
162,758
Total of Delaware & Hudson Co.’s roads—
Gross
287,007
157,058
ON—
Rensselaer & Saratoga-
.
o m me
$
$
293,194
156,764
Operating expenses.....
Gross
U
'mm
,
Net
aim
THE CHRONICLE.
15, I860.]
Mat
1879.
173.000
104.103
827.423
108,990
94,947
488,480
64,010
4,156
In the iron districts it
The weather has been very
cold during the week, but vege¬
reported that the
out
The following figures have but recently come to hand.
is no
/-Jan. 1 to Feb. 29.—,
February
but
1879.
1880.
1879.
1880.
for vegetable crops rain is wanted, as there is still a scarcity of
$
$
Atlanta & Char. Air Line$
$
121,688
168,287
63,979
Gross earnings
85,899
vegetable food. Large quantities arrive daily from France,,
37,210
45,593
Operating expenses
but not in sufficient abundance to enable the bulk of the people
Net earnings
tation makes progress,
338,943
■
/
and it is not yet
orchards have sustained any injury. This probably arises
of the fact that very little rain has fallen and that there
formation of ice on the buds. The wheat plant looks well;
>
..
,
Net
40,306
earnings
Chicago & Alton—
Gross
earnings
..
Operating expenses
,.
Net earnings
..
Grand Trunk of Canada—
Gross
earnings
..
Operating expenses
..
Net- earnings
..
/
earnings
Operating expenses
;....
Net earnings
..
207,843
126,548
412,417
252,056
£
£
£
£
153,393
137,524
112,055
113,945
315,636
231,890
291,185
235,091
41,338
23,579
83,746
56,094
*
Estimated.
155,330
44,391
,
$
132,698
62|077
is still very
..
.
*
.
110,939
70,621
146,813
51,086
19,567
95,727
11,508
8,059
bread is therefore very
abundant supplies of wheat,
been made this week.
A firm tone has pervaded
307,681
181,133
J anuary
1879.
1880.
The consumption of
large, but, owing to
499,013
289,170
moderate, a reduction in
the price of it
the value of Hour having
the money market’during
the week,,
have had an upward tendency. Not
much accommodation has been procurable under the Bank rate,
but the return of an easier feeling is anticipated in a few days.
It is evident, nevertheless, that there is a more general employ¬
and the rates of discount
and there is now no expectation of any import¬
relapse. The Bank return shows that the applications for
discount accommodation during the week have been upon a
larger scale, there being an increase of nearly £620,000 in the
total of “ other securities.” It is probable, however, that this
is due more to loans on Stock Exchange securities than to an
improvement in trade, as business has been declining of late,.
ment for money,
ant
Denv. South I *ark & Pac.—
Gross earnings
Operating expenses
Net earnings
to consume them.
651,418
399,362
1,021,068
608,651
Burl. <fc Mo. River in Nebraska— $
Gross
26,769
while
on
CHRONICLE.
THE
510
the Stock Exchange a
large speculative movement has
of firmness in the
favor; but there is
no important fact to refer to in connection with the bullion
market. The money market closes with a firm tone at the fol¬
been in progress. Owing to the increase
London market, the exchanges are in our
lowing quotations:
4 months’ bank bills
6 mouths’ bank bills
4 & 6 months’ trade bills.
3
Open-market rate 3—
30 and 60 days’ bills
2 7e © 3
3 ©3%
3*4© 3%
3 © 3*3
27s©3
3 months’ bills
The rates of interest allowed
discount houses for
Per cent.
Open-market rates—
Per cent.
Bank rate
deposits
by the joint-stock banks and
are as
under
:
[VOL. XXX.
produce
Annexed is
or
2
2
2*4
14 days’ notice
position of the
statement showing the present
a
England, the Bank rate of discount, the price of Con¬
sols, the average quotation for English wheat, the price of
Middling Upland cotton, and the Bankers* Clearing-House
return, compared with the three previous years :
Bank of
Circulation, including
£
£
Bank post bills.... 27,457,523 29,656,031
Public deposits..
6,706.256
6,650,240
Other deposits
26,715,977 31,417,508
securities.
14,906,801
Governm’t
15.962,730
Other securities
19,442,094 21,805,329
Res’ve of notes & coin 15,998,S70 19,332,992
....
Coin and bullion in
both departments..
Proportion of reserve
to liabilities
Bank rate
Consols
23,146,765
1877.
1878.
1879.
1880.
'
£
£
26,454,326 29,415,035
7,357.751
6,315,550
22,011,753 22,480,099
16,437.488
21,204,989
15,310,207
33,695,647 22.327,226
25,004,621
32*57
37*56
3 p. c.
47*48
3 p. c.
99
50*39
2
p. c.
20,482,345
9,660,756 10,926,636
3 p.
c.
94
9434
93%
Eng. wheat, av. price
48s. Id.
1 40s. lid.
51s. 8d.
55s. lOd.
Mid. Upland cotton..
6i5lfid.
6 kid.
57ed.
87sd.
Clearing-House ret’n. 90,397,000 104.754,000 101,396,000 110,461,000
yesterday for
£1,750,000 Metropolitan Consolidated 3/£ per cent stock.' The
total applications amounted to £11,100,000. Tenders at £102
Tenders
received at the Bank of England
were
2s. 6d. and above will receive
in full and those at £102 2s.
about 54 per cent of the amount applied for.
The silver market has been scantily supplied,
1876-7.
32,067,522 38,185,126 .25,363,301
5,323,573 5,974,766 4,128,965
18,277,600 32,220,270 25,701,640 27,918,600
65,621,221 70,111,365 69,861,532 57,410,866
.
Total
Deduct
or
exports
wheat and flour
990,011
1,272,818
Result
.....64,631,210
Av’ge price of English
wheat for the season.
47s. Od.
68,838,547
1,353,368
68,508,164 56,723,695
52s. 8d.
40s. 5d.
-
687,171
49s. 9d.
following figures show the imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from the first of September to the close of last week, compared
with the corresponding period in the three previous seasons:
The
IMPORTS.
Per cent.
Joint-stock banks
Discount houses at call
Do
with 7
1877-8.
1878-9.
1879-80.
»
Imports of wheat.cwt.40,361,846
Imports of flour
6,981,775
Sales of home-grown
1878-9.
1877-8.
1876-7.
cwt.40,361,846
10,865,633
8,816,008
32,067,522
7,998,056
38,185.126
25,363,501
9,993,992
1,416,526
1,698,909
17,032,041
1,065,685
1879-80.
Wheat
Barley
Oats/.
*.
Peas
Beans
Indian
corn...,
825,774
20,875,524
6,598,473
847,249
3,256,591
22,012,890
4,128,965
5,974,766
5,823,573 *
6,981,775
Flour
9,663,900
7,463,600
1,185,851
2,380,314
20,900,590
6,941,148
EXPORTS.
1
1879-80.
1878-9.
1877-8.
1876-7.
878,901
20,229
76,337
1,178,950
659,043
41,958
79,712
20,376
23,049
'349,343
28,128
corn....
31,707
575,769
9,971
297,809
1,307,104
39,440
41,831
16,245
16,598
160,696
.*...
111.110
93,868
46,264
cwt.
Wheat
Barley
Oats.'.
60,046
85.535
Peas
Beans
Endian
Flour
91,406
‘
12,682
Market Reports—Per
English
Cable.
daily closing quotations in the markets of London and
Liverpool for the past week, as reported by cable, are shown in
the following summary:
London Money and Stock Market.—The bullion in the Bank
The
of
England has increased £110,000 during the week.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
May
May
May
May
May
May
52316
11.
12.
52is
5218
99116
99ii6
52316
99li6
10.
8.
d. 52 J8
Silver, per oz
Consols for money
Consols for account
U. S. 5s of 1881
U. S. 4k!S of 1891
U. S. 4s of 1907
Erie, common stock
rilinois Central
99316
....
995ie
10478
Ill ki
109ki
105
111k;
109k2
39
106
40%
106k!
5434
2714
55
Pennsylvania
9914
9914
14.
13.
997i8
9914
105
x!10%
109 kz
105
105
111 34
105
lOOkj
3734
109k2
37k>
377s
35k!
105
54
26
105 ki
106%
x53%
25 a9
105 k!
53
111%
....
24ki
12914
and, the Gov¬
130
130
12834
ernment of India having decided upon reducing the amount of
Liverpool Cotton Market— See special report on cotton.
the sale of drafts on India, the quotations have had an upward
Liverpool Breadstuff's Market.—
Thurs.
tendency. Fine bars are now worth 52%d. per ounce. The
Wed.
Tues.
Mon.
Sat.
s.
d.
s.
d.
s.
d.
d.
s.
s.
d.
price of Mexican dollars is also 52%d. per ounce.
14 0
14 0
14 0
14 0
Flour (ex. State)$cent’1.14 0
Business on the Stock Exchange has been rather quiet, but Wkeat,No.ll,wli.l00 lb.10 1
10 2
10 2
10 2
10 1
9 8
9 8
9 8
9 8
9 8
Spring, No. 12..
“
the tone has been good, and prices have in several instances
10 5
10 5
10 5
10 4
Winter,West.,n.
“ 10 4
10 6
10 6
10- 6
10 6
Southern, new.
“
10 6
improved. British railway shares are higher in price, not¬
9 7
9 7
9 7
9 7
Av.Cal. white..
“
9 7
10 1
10 1
10 1
withstanding that trade has for some time past presented a
10 1
“
California club.
10 l
4 11*2
4 llk>
cent’l 4 llkj 4 11 ^ 4 11
quiet appearance. The Stock Exchange believe, however, in Corn,mix.,W.old$
4 11
4 11
4 10k2
“
do
do
new.
4 11
,4 11
an improvement taking place-in business before long, and in a
Liverpool Provisions Market.—
Thurs.
prosperous future for British railway property. Consols have
Wed.
Tues.
Mon.
Sat.
s.
d.
d.
s.
s.
d.
s.
d.
s. d.
0
been as high as 99%d. To-day, being the 1st of May, is a
0
Pork,West.mess..$?bbl.65 0 65 0 65 0 65 0 64
34 0
34 0
34 0
33 6
holiday.
Bacon, long clear, cwt. .33 6
35 0
35 6
35 6
34 6
Short clear
“
34 6
The following are the current rates of discount at the prin¬
71 0
71 0
71 0
71
0
Beef, pr. mess, $ tierce.72 0
37 3
37 6
37 3
37 3
Lard,
prime
3
7
West.
$
cwt.
6
cipal foreign markets:
68 0
68 0
68 0
Philadelphia& Reading. 29 %
New York Central
130
523fg
99716
99^16
-
110 34
109 k!
2234
....
Fri.
4
d.
14 0
10 2
9 9
10 6
10 7
9 9
10 3
4 llk>,
411
s.
Fri.
,
Paris
Amsterdam...
Brussels
Berlin
Hamburg
Frankfort
Vienna
St. Petersburg
...
.
..
Bank
rate.
Pr. ct.
213
3
...
...
...
...
...
...
3k!
4
4
4
4
6
Open
market.
Pr. ct.
218®214
2%©3
3 '5)314
238®258
Genoa
Geneva
Open
market.
Pr. ct.
4
3k!@4
Madrid, Cadiz &
214@212
Barcelona
Lisbon & Oporto
214fi>212
Copenhagen
3!4©3k2
New York
5
Bank
rate.
Pr. ct.
,4
4
Calcutta
4
6
4©4k!
6
4
©5
5ki@6
4 © 4ki
5 k!© 012
Cheese. Am. choice
“
73
72
0
0
London Petroleum Market.—
Sat.
Mon.
Tues.
Wed.
Thurs.
d.
d.
d.
6
©
d.
©
©
d.
©
©
Pet’leum, ref. $ gal... © ..
Pet’leum,spirits “..©..
©
.
©
..
..
..
.
..
.
.
..
..
. ..
..
..
..
d.
s.
65
34
35
71
37
0
0
0
0
6
68
0
-
Fri.
..
...
©
©
..
..
(ggwmcrcial autlllXiscellaticaus Items.
Imports
and
Exports for the
Week.—The imports of last
though cold, is bright and dry, and the agricul¬ week, compared with those of the preceding week, show
is still regarded as satisfactory. Vegetation a decrease in dry goods and an increase in general merchandise.
makes fair progress, but the late-sown crops and the pastures The total imports were $11,872,362, against $11,439,920 the pre¬
ceding week and $10,908,842 two weeks previous. The exports
appear to require rain.
The trade for wheat during the week for the week ended May 11 amounted to $7,704,922, against
has been decidedly quiet, and prices have ruled somewhat in $8,538,857 last week and $8,198,954 the previous week. The
favor of buyers. Rather considerable supplies of wheat are following are the imports at New York for the week ending
dry goods) May 6 and for the week ending (for gei*eral
coming forward from various quarters. From Chili the ship¬ (for
merchandise) May 7:
ments in five weeks to this country amounted to 240,000 quar¬
FOREIGN IMPORTS AT NEW YORK FOR THE WEEK.
1877.
1878.
1879.
1880.
ters, and we are also in receipt of liberal supplies from
Goods
$1,039,919
$1,875,502
Dry
$1,252,852
$967,748
India and Australia, The new Australian wheats are of remark¬ General mdse...
5,521,347
5,510,745
5,095,309
9,996,860
ably fine quality.
$6,135,228 $11,872,362
Total week
$6,489,095
$6,763,597
During the week ended April 24, the sales of home-grown Prev. reported.. 116,460,263 102,301,236 109,065,208 176,593,946
wheat in the 150 principal markets of England and Wales,
Total s’ce Jan. l.$123,223,860 $108,790,331 $115,200,436 $188,466,308
amounted to 29,333 quarters, against 53,483 quarters last
In our report of the dry goods trade will be found the imports
year; and it is estimated that in the whole kingdom they were of dry goods for one week later.
The following is a statement of the exports (exclusive of
117,500 quarters, against 214,000 quarters in 1879.
Since
harvest the sales in the 150 principal markets have been specie) from the port of New York to foreign ports for the
1,054,475 quarters, against 1,858,862 quarters; while in the week ending May 11:
EXPORTS FROM NEW YORK FOR THE WEEK.
whole Kingdom it is computed they have been 4,218,000 quar¬
1877.
1878.
1879.
1830.
ters, against 7,435,500 quarters in the corresponding period of For the week.... $4,031,743 $6,298,686
$5,908,390
$7,704,922
last season. Without reckoning the supplies furnished ex-gran- Prev.
reported... 92,321,728 120,333,912 109,517,913 122,829,934
ary at the commencement of the season, it is estimated that
the following quantities of wheat and flour have been placed Total s’ce Jan. 1. $96,353,476 $126,632,598 $115,426,303 $130,534,856
The following will show the exports of specie from the port
upon the British markets since harvest:
The weather,
tural prospect
56—Str.
Mat Iff,
511
CHRONICLE.
THE
1S80.J
Balances.
York for the week ending
of New
parison of the total since Jan. 1,
totals for several previous years:
3654——SStr.
May 8, and also a com¬
1880, with the corresponding
Samana
Mex.
silv. dols.
Mex. Bilv. dols.
gold coin..
Mex. silv. dols.
3,000
“
Liverpool
Hamilton
London
“
“
8...
10...
11...
12...
13...
14...
1,171,797 23
1,078,315 18
1,298,289
1,837,291
585,525
522,919
2,671,401
09
$
94,253,941 00
94,129.262 82
94,438,715 52
39
94,888.038 79
64
76
17
93,227,287 66
2,047,481 80
1,362,743 92
93,926,963 61
7,544,946 90
8,308,170 97
1,332,791 41
$
7,399,819 34
6,815,631 99
7,112,451
7,218,523
7,540,665
7,525,727
43
95
32
24
171
11,000
Mex. silv. dols.
Mex. silv. coin.
Eng.g’d (sov’ns)
Mex.
silv. dols.
Arn. silv. bars.
Nassau
“
“
Am.
Porto Plata
May
736,183 05
1,178,378 23
Currency.
Gold.
$
$
917
50 0
200
Mex. silv. dols.
Cape Haytien
C. of Austin
Adriatic
6—Str. Bermuda
8—Str. Oder
$15,614
Mex. silv. dole.
Werder
London
5—Str. Santo Domingo ...St. Domingo
5—Str. Gen.
Payments.
Receipts.
Total
10,000
1,461
45,000
40,000
—Attention is called to the notice of the New York, New Eng¬
land & Western Investment Company, inviting subscriptions to
$2,500,000 of the first mortgage bonds of the Kansas City
$127,863 Burlington & Santa Ee Railroad Company. These bonds are
gold). .. 3,316,283 issued for the purpose of extending the line from Burlington
to Wichita and from Ottawa to Kansas City, and are limited to
Tot. since Jan. 1, ’80 ($1,880,423 silv. and $1,563,723 gold) .. $3,444,146
Same
intime
$15,000 per mile of completed and equipped road. There is
Same time inSame time in—
$30,444,290 also a sinking fund provided of 2 per cent of gross earnings
$29,077,442 1871
1879
$7,144,689 1875
10,206,910 each
16,423,886 1870
1878
7,597,563 1874
year, payments from same to commence July 1,1885. The
1869
11,962,577
1873.....
19.960,727
1877
10,618,065
terms also provide that no subscription shall become payable
1868
29,000,359
1872
18,095,518
1876
20.231.289
until $1,500,000 of the bonds are subscribed for, and a syndicate
The imports of specie at this port for the same periods have formed, with sufficient funds to complete the road at least from
Burlington to Wichita, about 105 miles. This proposed line
been as follows:
runs within about 40 miles of the Atchison Topeka & Santa Fe,
May.
r. C. of Merida
Mexico
Am. silv. coin..
$895 : and, being an air-line, is some 50 miles shorter and traverses a
Am. gold coin..
3,936
44,785 country which the agents inform us is one of the richest grain
For. silv. coin..
Gold bars
1,200 and coal regions of Kansas. The circular issued by the agents
Bermuda
British West Indies. For. gold coin..
2,079 embraces several new and valuable features. The proceeds
U. S. of Colombia. ..Am. silv. coin..
Clyde
3,417
of the sale of the bonds are to be deposited with the Farmers’
Am. gold coin..
2,800
Gold dust
1.126 Loan & Trust Company in this city and to be paid out only
Ailsa
West Indies
Am. silv. coin..
54,016 upon order of the board of directors, of which the bondholders
For. gold coin..
1,460 are to have a majority until the road is completed to Wichita.
Am. trade dols.
Habsburg
Germany
19,446
The price fixed upon for these bonds is 90 and accrued inter¬
Niagara
Cuba
Am. silv. coin..
200
6—Str. Claudius
3,141 est, and each subcriber i3 also to receive an allotment of a por¬
Venezuela
Am. silv. coin..
Total for the week ($123,402 silver and $4,461 gold)
Previously reported ($1,757,021 silv. and $1,559,262
8—Str. Colon
For.
gold coin..
U. S. of Colombia... Am.
gold coin..
silv.
silver and $14,336 gold)
Previously reported ($1,827,685
Tot. since Jan. 1, ’80
silv. and $1,228,798
($1,953,865 silv. and $1,243,134
Same time in—
1879....
#3,865,314
1878....
11,183,340
1877....
6,593,082
1876....
1,589,010
.
.
320
280
coin..
Am.
Total for the week i$126,180
1,415
gold)
$140,516
3,056,483
..
gold) .$3,196,999
Same time in—
1871
$3,024,530
1870
6,916,632
8,644,624
1S69
Same time in—
3875....
$6,022,045
1874....
1,558,749
1873....
1,720,827
641,121
1872....
.
3,064,855
1868
Statement of the Comptroller of the Currency, showing by
States the amount of National Bank circulation issued, and the
amount of Legal Tender notes deposited in the
United States
Treasury to retire National Bank circulation, from June 20,1874,
to May 1, 1880, and amount remaining on deposit at latter
date.
Legal-Tender Notes
Additional
Circulat’n
To retire
issued s’ce
Redempt’n
June
20, of Notes of Circulat’n
under Act
1874.
Liquidat - of J’ne 20,
lug Banks 1874.
States and
Territories.
..
Pennsylvania 10,700,590
Delaware
232.275
Maryland
1,274,810
Virginia
'
West Virginia.
N’rth Carolina
S’th Carolina
163,810
Florida
Alabama
Mississippi..
Kentucky
....
Michigan
Wisconsin....
Iowa ?
Minnesota
Kansas
L.
....
1,284,610
251,100
144,000
3,685,430
641,370
767,260
2,749,820
3,238,180
2,541,065
2.034,910
735,530
Washington
..
California
Dakota
*Legal tenders
....
*
$
210,311
35,160
123,453
1,352,463
190,952
589,751
5,732,732
407,131
1,812,980
40,105
458,060
880,724
907,510
1,822,879
1,050,245
128,200
1,012,585
65,375
291,521
155,450
169,219
'
319,185
1,140,785
953,380
30,125
287,725
437,675
725,400
87,960
90,000
139,500
229,500
116,933
650,750
2,099,250
229,340
144,000
1,504,933
533,859
3,742,390
3,077,887
6,298,483
2,750,000
239,340
144,000
2,134,800
904,260
4,740,900
4,661,641
7,530,580
8,202,880
191,418
953,380
10,000
629,867
370,401
998,510
1,583,754
1,232,097
1,754,934
364,500
653,860
811,669
420,095
781,721
45,000
6,447,946
2,300,395
1,013,439
1,554,955
1,316,445
138,083
161,191
85,300
Deposited prior to June 20,1874, and
$102,492,997.
.
2,664,895
1,667,299
2,366,624
1,736,540
190,550
972,271
233,080
278,080
149,400
196,800
287,483
357,991
130,300
45,000'
introduced
a
bill in the House of Rep¬
and
commission—Government, railway and miscel¬
deposits, subject to check, and
—Attention is called to the advertisement of Messrs. Budge &
Goldschmidt, offering the 6 per cent trust certificates due in 1884
of the Louisville & Nashville Railroad Company. The total issue
of the securities is only $492,200, and parties desiring to pur¬
chase some of these bonds should make early application.
1,872
420,430
186,261
818,040
1,056,991
2,287,924
1,008,448
558,841
453,727
420,703
258,508
244,111
49,985
2,008
25,847
18,612
45,208
19,126,740
remaining at that date.
shows the receipts and payments at the
as well as the balances in the same,
day of the past week:
for each
and scrip of the
—Mr. J. C. Chew has removed from No. 29 Broadway to No.
7 Wall Street, where parties wanting Texas and'
stocks and bonds will find him ready to give information as to
all the securities which he makes a specialty of.
—Dividend No. 5—for April—of 25 cents per share, has been
other
declared by
payable at Wells,
the Deadwood Mining Company,
Fargo & Co.’s, on the 20tli ins ant. Transfers close on the 15th.
—Dividend No. 17—for the month of April—has been declared
by the Homestake Mining Company, payable at Wells, Fargo
Co.’s, on the 25th inst. transfers close on the 20th.
&
BANKING AND FINANCIAL.
As a g
>«d payiug
Investment we offer the
FIRST MORTGAGE
BONDS
of the
NEW YORK
WOODHAVEN & ROCKAWAY
Interest SeATen per cent per
RAILROAD COMPANY
Annum,
*
Fayable January 1 and
July 1, in New York City.
Principal due in
TOTAL AMOUNT OF
ISSUE.
-
-
1909.
-
-
-
$1,000,000
remains unsold.
Tliis road will be completed by June 1, and will control the entire
railroad travel from New York to Roekaway Beach, where the finest
sea-side resort in the world js then to be opened to the public.
The running time from New York to Roekaway will be but twenty-fH e
minutes, and the road and its appointments are of the highest character.
We offer these bonds at 106 and accrued interest.
Investors can obtain full particulars and information at our office.
Of wliicli amount
less tlian one-lialf
The following table
Sub-Treasury in this city,
Mr. Charles H.
Railroad Company.
reliable and particularly
Cincinnati Indianapolis St. Louis & Chicago
Mr. Booth is a gentleman thoroughly
well posted in these securities.
305
3,8 L3,675
t
buy and sell—on
366
e
171,000
tTotal deposits,
7,787,100
k
1,646,380
88,799,685 18,016,903 80,662,414
Totals
$
917,000
128,797
1,243,437
Lounsberry has
—Attention is called to the advertisement of
Booth, who offers to buy or sell stocks, bonds
166,600
422,664
915,369
731,060
482,400
134,900
84,600
90,000
135,000
477,000
.
Deposits.
1,478,484
67,500
....
with U. S.
Treasurer
at date.
Total
7,912,747
147,600
Nevada
Colorado
Utah
Montana
New Mexico..
on
6,631,321
1,474,900
1,017,800
Nebraska
ders
1,281,426
.
Louisiana
Texas
Arkansas
Tennessee
Missouri
Ohio
Indiana
Illinois
870.385
Legal Ten¬
deposit
902,735
65.350 1,911,330 1,976.680
2,163,878 23,457,231 25,621,109
241,660 1,562,280 1,803,940
90,700
470,850
45,000
207,000
Georgia
32.350
174,097
1,235,660
.
234,800
600,000
55,800
1,069,340
7,552,300
317,000
72,997
456.000
800,500
Dist. Columbia
$
$
$
Maine
1,461,180
N. Hampshire
631,865
Vermont
4,699,310
Massachusetts 20,358.420
Rhode Island.
1,717,710
Connecticut
2,495,360
New York
20,690,505
New Jersey...
1,712,165
—Mr.
resentatives to repeal section 5,176 of the Revised Statutes
amend section 5,171, so as to read as follows :
Upon the deposit of bond's as described by sections 5,159 and 5,160,
the associations making the same shall be entitleddo receive from
the Comptroller of the Currency circulating notes of different denomi¬
nations in blank, registered and countersigned as hereafter provided,
equal in amount to 90 per centum of the current market value of the
United States bonds so transferred and delivered, but not exceeding 90
per centum of the bonds at the par value thereof, and at no time shall
the total amount of such notes issued to any such association exceed the
amount at such time paid in of its capital stock.
—We call attention to the card of Messrs. Lloyd & McKean, in
another column of the Chronicle. The gentlemen composing
this firm are well known in Wall Street, having been with the
house of Fisk & Hatch for upwards of fifteen years. They
laneous securities ; jalso, receive
allow interest on balances.
Deposited to
Retire National Bank Circula¬
tion since June 20,1874.
tion of the stock of the company.
FLSK & HATCH,
No. 5 Nassau
Street, New
THE CHRONICLE.
512
in prices since January 1, 1880, and the amount
bonds outstanding May 1, 1880, were as fol¬
The range
llxc hauliers’ %ixzz\\z.
of each class of
lows :
organized during the past week.
No national banks
Name of
recently been announced
Company.
Per
When
Books Closed.
Cent.
Payable.
(Days inclusive.)
Railroads.
June 1
$3
North
1%
Pennsylvania (quar )
May 25
Highest.
Lowest.
i5.
May 14 to May
cp.
6s, 1880
6s, 1881
cp.
5s, 1881
cp.
4%s, 1891..cp.
cp.
48, 1907
6s,cur’ncy.reg.
State and
102%
104%
102%
10638
103
125
Jan. 13 104% Apr.
Jan.
7 106% May
May 5 104% Apr.
Jan.
2 109% Feb.
Jan.
2 107% Apr.
Apr. 21 126% Feb.
May 1, 1880.
Amount
Range since Jan. 1, 1880.
DIVIDENDS.
The following dividends have
[VOL. XXX.
23
3
28
17
30
Registered.
Coupon.
$13,469,000
$3,244,000
173,493,550
290.379.800
170.246.800
525,900,250
64,623,512
17
Railroad Bonds.—There
has
been
59,000,800
202,509,500
79,753,200
213,422,600
very
little
doing in State bonds, as the attention of all parties has been
directed to the stock market. Railroad bonds have also been
dull, except for the speculative issues, such as Erie second con¬
been more sellers than buyers at the Stock Exchange this week, sols, Iron Mountain incomes, Mo. Kansas & Texas, &c., which
and the usual result has followed. This is but an old saying of have fluctuated in sympathy with the stock market.
The following stocks and’bonds were sold at auction :
the “ Street,” but it has seldom happened that a large decline
Shares.
Bonds.
in the stock market has taken place when this stale truism was
39 Merchants’ Exchange Nat.
$3,000 Brooklyn City A New
Bank.."
100
town HR. first mortgage 7s,
more decidedly applicable than in the present instance.
It is
9 Bank of Bergen County at
due 1890
98%
Hackensack, N. J
75%
Unquestionably true that there has been a heavy “ bear ” influ¬ $20,000 State of Georgia 7s,
due 1890
110% 40 Mechanics’ Nat’i Bank ...146
ence exerted on the market at times by some of the leading
10 Lafayette Fire Insurance.. 119
$2,000 Kansas A Nebraska
RR. first mortgage
721* 10 Williamsburg City Fire Ins.215
speculators, but it is equally true that their sales alone could
10 Irving Fire Ins
68*2
$950 Citizen’s Fire Insur¬
not have broken prices to such an important extent, had they
67%
ance
77 % 10 Guardian Fire Ins
100 Manhattan Gaslight
195
Shares.
not been joined by a small army of outside operators who,
40 Broadway Bank
250
having carried stocks for some time past, and becoming discour¬
Railroad and Miscellaneous Stocks.—We
report this
aged with the perpetual decline, finally rushed into the market week one of the weakest stock markets and one of the strong¬
to throw overboard their stocks at the best prices obtainable. est exhibits of railroad
earnings that we have had occasion to
Another remarkable feature in the present movement has been publish this year. This gives, in a word, a fair description of
the absence of strong support to any class of stocks—the Van¬ the situation, for while the material influences upon which
stock values are supposed to depend have been decidedly
derbilts, the Gould stocks, the coal stocks, Pacific Mail, the
favorable to firm prices, we have had in fact a decline which in
Southwestern fancies and the former grangers have all of them
ordinary times might have produced a panic, and certainly a
declined, and have none of them met with such strong and per¬ good crop of failures. Take Erie, for example, and a glance at
sistent buying as indicated the protection of a powerful com¬ the company’s last monthly report of earnings—that for Marchshows that it is by far the best report they have made since the
bination or of individuals determined to support their prices.
in 1878 ; but Erie common has sold at much the
The money market has been reasonably easy throughout the reorganization
lowest price made this year, having touched 33% on Monday.
week, and the range for call loans has been about 3@4 per cent With many other stocks the case is similar, and the conclusion
on Government bond collateral and 4@6 per cent on stock col¬
is inevitable either that stocks have been much too high and
laterals. Prime commercial paper is a shade easier, and quoted are now seeking their proper level or else that the present
for choice grades at 5(8)5% per cent.
decline is unwarranted, and the lower prices offer a good
The Bank of England, on Thursday, showed a gain of opportunity to purchase. So far as the direct influences
£110,000 in specie for the week, and the reserve was 48 per affecting the market were concerned, the remarks above
cent of liabilities, against 46% per cent last week; the discount as to the financial situation give the substance of what
rate remains at 3 per cent. The Bank of France gained 2,731,may be said. One of the strongest “bear” P
parties, if not the
000 francs in specie.
principal one, has been the “ Twenty-third Street gang,” al¬
The. last statement of the New York City Clearing-House though their steps were followed by other smaller operators
banks, issued May 8, showed an increase of $2,790,400 in their when the market became so heavy as to show its inherent
surplus above the legal reserve, the total surplus being $6,067,- weakness. To-day there was strong buying towards the close,
850, against $3,277,450 the previous week.
which appeared to come, in good part, from parties who in¬
The following table shows the changes from the previous week tended to hold for the long account, and the highest prices
and a comparison with the two preceding years.
of the day were generally made in the last hour. 'To-day the
option expires for stockholders to attempt to redeem the N. Y.
1879.
1878.
Differ’nces fr’m
1880.
& Oswego Midland road, and the N. Y. Ontario & W estern
May 10.
May 11.
previous week.
May 8.
stock was advancing while other stocks were weak. Mr. Tilden
FRIDAY, MAY 14, 1880-5 P.
The Money Market
M.
and Financial Situation.—There have
-
.
Loans and dis.
Bpecie
(Circulation
..
Net deposits
.
Legal tenders.
Legal reserve.
$281,137,700
Inc.
$701,400 $242,941,600 $232,030,700
18,745,600
27,469,500
19,688,000
20,033,100
53,391.500 Inc. 3,985,000
20.572.900 Dec.
73,300
750,800
258,323,000 Inc.
243,100
17,257,100 Inc.
224,937.200
53,576,700
201,038,000
$56,234,300
72,322,300
$50,259,500
.$2,790,400
$16,088,000
$15,822,000
Reserve held.
70,648,600
Inc .$1,437,700
Inc. 4,228,100
Surplus
$6,067,850
Inc
$64,580,750
38,612,000
is reported as having great confidence in this enterprise as a
through line with terminal facilities at Weehawken.
Total sales of leading stocks for the week ending Thursday,
and the range in prices for the year 1879 and from Jan. 1, 1880,
to date, were as follows:
66,081,500
Sales of
Week,
Shares.
United States
Bonds.—There has been no special feature
in the Government bond market this week, except the remark¬
able steadiness in prices, which was in strong contrast with the
At the Treasury pur¬
weakness in railroad and other stocks.
chase on Wednesday the total offerings amounted to $8,784,500,
and $3,000,000 bonds were accepted.
Closing prices of securities in JLondon for three weeks past and
since January 1, 1880, were as follows:
the range
May
Apr.
7.
30.
The closing prices at the
4%s. 1891
4s,
6s,
6s,
6s,
6s,
6s,
*
Lowest.
Highest.
New York Board have been
as
fol¬
1907
1907
cur’cy,
cur’cy,
cur’cy,
cur’cy,
cur’cy,
_
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
reg.
coup.
Interest
Periods.
May
May
May
May
May
May
8.
10.
11.
12.
13.
14.
J.
J.
J.
J.
104% *104% M04% *104%
*104%
106%
*106%
*104%
*104%
*106%
*106%
*202%
*104%
*104%
*106%
*106%
*102%
A
&
&
&
J. *104% *104% *104%
J. 106% *106% *106%
J. *106% *106% *106%
102%
Q.-Feb. *102% *103
*102%
Q.-Feb. *102% *103
*10734
Q.-Mar. *107% 108
Q.-Mar. *108%
1899..reg.
108% *108%
*103
103
109
J.
J.
J.
J.
J.
A J.
A J.
*126
*126
*126
*126
*126
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
*125
This is the price bid; no sale was made at the Board.
*102% *102%
'107% *107% *107%
*108% *109
Q.-Jau. 107% 107% *107% 107% 107% *107%
Q.-Jan. *107% 107% *107% *107% *107% *107%
1895. .reg. J. A
1896..reg. J. A
1897..reg. J. A
1898..reg.
J.
'125
*125
*125
*125
*125
*125
*125
*125
*125
*125
Lowest.
50%
32,700
65%
115,120
99%
1,035
Chicago A Alton
3,733 120
Chic. Bull. A Quincy
71%
Chic. Mil. & St. P.... 142,480
4,330 99
Do
do pref.
87%
84,360
Chic. & Nortliw
3,6ul 104
Do
do pref.
705 149
Chic. Rock Isl. APac.
9%
10,760
Col. Chic.& Ind.Cent.
69%
28,190
Del. & Hudson Cana!
74%
Del. Lack. & Western 343,875
17,050 23
Hannibal & St. Jo...
Canada Southern....
Central of N. J
do pref.
Do
Illinois Central
Lake Erie A Western
Lake Shore
Louisville A Nashv..
Manhattan
Michigan Central....
:
6s, 1880
6s, 1880
6s, 1881
6s, 1881
5s, 1881
5s, 1881
4%s, 1891
4 s,
14.
105
x04% Apr. 15 106% Jan. 12
104% 105
111% 111% xlO% 109% Jan. 2 111% Apr. 10
109% 109% 109% 106% Jan. 2 109% Feb. 19
U. S. 5s of 1881
U. S. 4%s of 1891
U. S. 4s of 1907
lows
May
Range since Jan. 1, 1880.
Range since Jan. 1, 1880.'*
Missouri Kan. A Tex.
Morris & Essex
Nashv. Chatt. & St. L.
N.Y. Cent.& Hud.Riv
N. Y. Lake E. & WestDo
do pref.
Northern Pacific
....
pref.
Ohio A Mississippi
Do
..
Pacific Mail
Panama
Phila. A Reading
St.L.Iron Mt. ASouth.
St. L. A San Francisco
Do
pref.
Do
lstjiref.
Union Pacific
Wab. St. L. & Pacific
Do
do pref.
Western Union Tel..
*
20,200
4,520
10,740
252,615
64
99%
20%
98%
80%
25%
78%
29%
May 14
May 14
Jan.
2
May
May
May
May
13
14
10
11
Feb.
Jan.
10
2
May 11
May 14
May 14
May 10
Jan.
Jan.
7
2
May 11
Jan.
5
Jan.
8
5,505
Apr. 1
8,465
May 11
37,578
May 11
104,980
1,588 101% Jan. 6
66% May 11
18,720
53,175 122 May 11
34% May 11
527,150
56
May 11
11,652
20
May 11
18,385
39% May 11
22,538
92,245 24% May 11
33
May 11
119,645
12
168
78,000
53,775
43
39%
25%
2,720
12,200
33
2,550
28,182
60
80
64.316
87,295
167,850
Range from Sept. 25.
28%
56%
98
Jan.
May.
May
May
May
May
May
May
May
May
2
11
11
11
11
11
11
10
14
11
f Range from July 30.
Yearg1879.
I
Saturday'
May 8.
79%
40%
55% 59%
69
74%
79
40
79% 80
41% 42%
Am. Dist. Tel.
Atl.&Pac.Tel.
61
60
Canada South.
Cent, of N. J.. 74% 75%
05
Cent. Pacific..
17% 15
Ches. & Ohio.. 17
*25
Do 1st prf. *25% 30
Do 2d prf.. 19% 19%
Chic. & Alton. 108
108% 108
121
Chic.Bur.& Q. 122% 125
May 13.
May 12.
68%
63%
70
05
64
16
10%
15%
10^
78
79% 80
37%
39
39
55
41
52
67
56%
70%
15
15%
56%
•
*
#
T
-
-
»
•
•
81
40
*22
108
108
106% 106%
100% 108
120
120
122
120% 121% 121
72 H 74%
72
73%
74%
74%
75%
8*
St.L.A.&T.H.
Do
pref.
....
55
16
189
16
St.L.I.M. & So.
47% 49%
St.L.&S.Fran.
30
30
44%
45
Do
Do
pref.
1st prf.
St.P.&SiouxC.
Do
pref.
Sutro Tunnel.
Union P.iciflc.
49% 51%
57%
04 U
40
74
40% 46%
291-^ 29%
64%
40
74
m
i%
85%
85%
30
Do
*
These
are
39% 43%
25% 20
38
00
39
72
39%
40
73
28%
1%
85%
34%
80
29
83
as
59%
04%
59H
02%
1%
98% 102
7
5
98
no
101
108%
184%
26%
50%
73%
n%
70
69%
72%
124% 120% 122%
28% 27% 28
79
14%
30% 33%
....
41%
44%
27
38
63
39
42
65
40
a4
1%
84%
31% 33
60% 62%
100% 102
•
....
....
•
...
....
29% 31%
106% 106%
67
25%
09
....
126% 124% 126
37% 34% 36%
45
56%
25%
58
22
45
37%
20%
41%
16%
25%
73%
33%
49%
44~ 47%
59%
2S%
23%
45% 1
17
28%
72%
28%
10%
34%
15
40% 43%
39%
34
30
4|%
30
44%
39%
64
05
37
42
65
....
30
40
64
•
•
.
72%
.
•
•
.
73
1%
1%
82% 84%
29
57
38%
71%
1%
72
81%
as
29
30%
56% 58%
98% 100%
33
62%
98% 101%
sale was made at the Board.
The latest railroad earnings and the totals from
latest dates are given below. The statement includes
mentioned in the second column.
,—Latest earnings reported.—■> /—Jan. 1 to latest date.--.
1880.
WeekorMo.
1879.
1880.*
1879.
*
$4.5,344
117,030
$33,464 $199,801 $133,651
94,436
321,426
254,685
133,389 2,277,500
2,277,500 1,738,629
63,979
168,287
438,841
175,420
341,824
132,802
21,292
40,861
19,372
1,212,327
494,244
710,814
659,521
109,828
1,003,702
140,188
5,018,539
4,832,729
845,187
485.527
83,707 2,312,880
Chicago & Alton .1st wk May 128,013
982,377 2,381,091
Chic. Burl. & Q...February .1,180,853
201,225
8,175
Chic.Cl.Dub.& M.4th wk Apr
16,883
357,178
16,382
Chic. & East. Ill.. 1st wk May
29,480
180,999 3,509,000
Chic. Mil. & St. P.lst wkMay 235,000
Chic. & Northw..April
1,276,552 1,128,894 4,924.592
1,397,889
2,087,475
151,349
.
Albany & Susq ..March
Atch.Tot).&S. Fe.4thwk Apr
Atl. & Char.Air-L.February
172,500
85,899
.
Atl. &Gt. West.. ..March
Atl. Miss. & Ohio.March.....
31.350
Bur.C.Kap.& No.. 1st wk May
Burl.& Mo.R.in N.3d wk Apr.
Cairo & St. Louis. April
Canada Southern.March
Carolina Central.March
Central Pacific...April
Ches. & Ohio
April
49,123
31,625
409,189
226,378
47,242
45,987
1,374,000 1,406,600
221,409 162,611
Do
(Iowa). April
Indiana Bl. &W.. 4th wk Apr
Int. & Gt. North.. 1st wkMay
Iowa Central
March
K. C. Ft. S.&Gulf.4th wk Apr
Kans.C.Law.&So.3d wk Apr.
K. C. St. J. & C. B. 4th wk Mar
Little Rk. & Ft. S. April
Louisv. & Nash v. 1st wkMay
Louisv.N. Alb. <kC. March
Maine Central ...March
Minn. & St. Louis.3d wk Apr.
Mo. Kan.&Texas. 1st wkMay
Mobile & Ohio.... 1st wkMay
Nashv. Ch.&St.L,February
.
N.Y.&N. Engl’d.March
North Wisconsin. 1st wkMay
Northern Central. March
Northern Pacific .April
'Mileage last
year was
4,133,880
262,234
200,321
286,480
1,272,507
139,735
293,194
197,650
999,726
111,917
287,007
716,886
393,088
292,396
616,609
135,95*5
504,853
505,769
355,488
151,916
3,4i9*,i*4*i
74,308
31,217
1,557,967
2,981,740
1,386,991
790,458
682,645
237,745
212,946
715,007
426,550
378,339
114,252
829,577
1,781,783
54,634
13,725
63,419
35,604
96,547
238,950
37,293
81,011
161,810
91,214
40,427
117,920
20,714
22,458
89,581
26,282
12,442
45,363
26,461
137,400
70,436
141,510
7,243
61,693
30,463
191,154
65,472
N. Y. & Canada ..March
N.Y. Cent. & Hud. April
N. Y. L. Erie & W.March
272,926
2,560,177
15,958
47.356
12.357
.56,102
31,322
103,095
16,003
IllinoisCen. (Ill.).April
73,549
611,483
129,278
341,603
Dubuque&S.City.4th wk Apr
Gr’t Western.Wk.end. Ap. 30
Hannibal & St. Jo. 1st wkMay
Houst. & Texas C.March
447,987
518,254
418,584
39,300
238,939
20,044
March.....
Eastern
Flint & Pere Mar.4th wk Apr
Gal. Har.& San A.March
Grand Trunk. Wk. end. May 8
121,688
935,182
364,147
21,837
22,627
22,387
Chic. St. P. & Min. 1 st wk May
Chic. & W. Mich.. 4th wk Apr
Cin. Sand. & Clev.Marcli
Cin. & Spring!. ..1stwkMay
Clev. Col. Cin. & 1.1st wkMay
Clev. Mt.V.&Del. April
Del.&H.Can.. Pa.Div..Mar..
Denver & Rio Gr 1st wk May
Denv.S.P’k& Pac. April *
Det. Lans. & No.. 1st wkMay
■44,09*6
20,121
15,434
188,243
32,494
106,619
23,878
15,332
54,506
18,997
7,070
34,832
19,740
87,754
49,224
127,080
7,524
45,197
27,000
158,034
32,180
1,177
183,227
993
334,166
115,656
17,882
156,560
9,169
96.742
20,680
10,660
98,900
38,266
13,065
7,951
72,325
18,928
173,000
Texas & Pacific ..April
Tol.Peorla A War.1st wkMay
Union Pacific
lstvrkApr
Wab. St. L.& Pac. 1st wkMay
Wisconsin Cent... 1st wk Apr
Wisconsin Valley. 4th wkApr
109,301
337,810
95,000
91,420
805,578
827.423
446,001
19,870
287,775 4,013,898
124,528 3,614,041
15,338
26,899
393.901
198,418
22,044
Exchange.—Foreign exchange has been
ported that a good part of the bills has
396,032
3,027,077
2,556,082
49,037
108,919
4,744
9,711
662,523
2,876,222
912,695
437,356
1,999,938
239,991
22,364
4,422
104,103
333.014
St. Paul & S. City.. 1st wkMay
25,021
Scioto Valley
1st wkMay
4,779
St.P.Minn.&Man. April
48,190
7,684,531
262,697
280,933
186,818
1,416,858
363,408
73,886
382,923
435,540
216,370
27,808
37,896
$83,336
-83,251
dull, and it is re¬
been made against
purchased for export, the lower pfices of stocks here
having offered a good chance to buy for foreign account. On
actual business to-day the.rates were about 4 85^ for bankers
60 days’ sterling and 4 88^2 for demand.' The tone was rather
securities
heaw ^
‘domestic exchange the following are rates on New York at
undermentioned cities to-day : Savannah—buying 3-16,
selling 5-16 premium ; Charleston—buying Vs premium, selling
x/i premium ; New Orleans commercial par, bank $2 50 premium;
Chicago 75@80 premium and Boston 35c. discount.
Quotations for foreign exchange are as follows :
In
the
Demand.
May 14.
Sixty Days.
Prime bankers’ sterling bills on London.
Good bankers’ and prime commercial...
4 85% a)4 86%
4 85
'0)4 85%
4 88%®4
4 88
'®4
89%
83=%®4 84^
21 J4®5 19%
4
5 18^®5
5 19382*5
5 1834®5
86%®-i
87%
1678
17*2
17*2
403s
955s
9558
95^8
Good commercial
:
Documentary commercial
(francs)
Antwerp (francs)
Swiss (francs)
Amsterdam (guilders)
4
5
5
5
Paris
---
40
Bremen (reichmarks)
Berlin (reichmarks)
The following are quotations
q
i Q7
Sovereigns
$1 84 7z>$ 4 87
1
3
4
'a) 3
®15
Tzrio
®
@
Napoleons.:
3 84
X X Reichmarks. 4 74
X Guilders
3 90
87
78
95
90
65
Mex. Doubloons..15 55
Fine silver bars .. 1 14%® 1 1434
par®J4 prem.
Fine gold bars....
Dimes &% dimes. — 9934® par
Span’hDoubloons. 15 70
Statement of
1880, showing
4014®
953a2>
953&®
9538®
95 3g®
40 %
95
95
95
95
in gold for various coins:
Silver *43 and %s.
Five francs
-.
Mexican dollars..
Do uncommerc’l.
993*-®
92 ®
—
—
91
87
—
—
English silver.... 4 78
Priis. silv. thalers.
Trade dollars
New silver dollars
,
the amounts of National
Tender notes outstanding at the
Acts of June 20, 1874, January
—
—
—
par.
95
— 92
— 88
4 85
—
70
—
'®
®
®
®
68
99 %®
99\a>
95^8
99*3
-
par.
Af
~
-
the Currency on May 1,
the Comptroller of
together with the
a)
94%@
94%®
94 \'a)
94 34 w
Hamburg (roichmarks)
Frankfort (reichmarks)
<
2IV® 5 20
2058®5 1938
88%
Bank notes and of Legal
dates of the passage of the
14, 1875, and May 31, 1878,
and the
amounts. outstanding at date,
increase or decrease:
National Bank Notes
Amount outstanding June 20, 1874
Amount outstanding January 14. 187o.
Amouut outstanding May 31, 18 / 8
Amount outstanding at date*
Increase during the last month
qoj. 109
qti’sni
3ol,861,4oO
32~,bo5i,,9b5
•vgjySYX
qnnSqn
*
T.-eyal Tender Notes
outstanding June 20, 1874 .
outstanding January 14, 1875
....
- - -—
Amount retired under act of Jan. 14,18/5, to May 31, / 8
Amount outstanding on and since May 31, 18/8.
Amount on deposit with the U. 8. Treasurer to redeem
Amount
Amount
<fcr>uo aaa aaa
qaS’oOO 000
^’SYo’qa?
3o,318,984
346,681,010
.
banks and banks
19,1-6,740
retiring circulation under Act of J line 20, 1874
Iucrease in deposit during the last month
’"X?
Increase in deposit since May 1,1879
0,7/0,001
circulation of national gold banks, not included in the above,
notes of
insolvent and liquidating
r
502,150
377,017
542.136
225,800
367,245
194,325
399,559
148,747
2,548,973
179,392
368,562
162,989
1,460,776
789,903
396,788
164.137
312,145
262,620
1,622,957
448,907
336,702
527,296
157,706
241.476
113,890
379.559
91,751
1,786,530'
113,213
848,281
674,378
315,313
85,286
64,452
29,262
872,776
441,062
306,303
1,080,679
85 miles, against 147 miles now.
*
$1 351,350.
Boston
banks for
1880.
Feb. 2..
“
9..
“
16..
24..
Mar. 2..
“
9..
15..
22..
29..
“
“
“
April 5..
"
12..
19..
26..
“
“
May
“
3..
10..
Banks.—The following are
a
series of weeks past:
L. Tenders.
Loans.
I
Specie.
139,816,800
141,215,600
142,161,000
140,628,500
139.927.300
139.679.400
141,040,200
140,975,000
140,412,000
139.462.200
13-‘,541,400
137.758.200
3.970.300
4.374.800
4.576.500
4,488,400
4,393,600
5,224,000
5.321.500
4.845.100
4.930.100
4.805.100
5.331.300
5,994,900
6.738.800
138.815.300
140,185,100
6,670,700
6.941.300
5.329.300
4.828.300
4,040,300
3,637,900
3.511.300
3,527,600
3.335,700
3,016,600
2.987.200
2,635,400
2.319.200
2,067,200
2,095,000
1,983,100
1,757,500
follows:
“
“
Mar.
“
“
“
9.
10.
23
1.
04.9TO.O32
05,670,329
....
....
....
.»
t*
May
06.>'88.134
67,205,088
07,318,205
Lawful Money. Deposits.
03,798,913
58,909.044
09,027,777
59.010.799
08,005,917
02,108,728
03,053,381
»
17.197,960
55,027,182
12,058,555
12,093,660
10,250,179
55.397,217
12,085,136
12,073.945
17,120,173
16,220,959
15,773,938
09,246.055
69 040,270
69 594.048
14,020,301
15,073.605
14,058.322
10
68.870,718
16.210,332
15,027.222
55,941,988
50,258,o20
55,83o,64l
55,495,292
55,7o9./34
50,590,931
55,930.818
50 044,388
banks
Circulation. Agg. Clear.
12.068.238
12 070,263
12,050.483
19
26
3.;:::.... 09.515,412
69,237,794
70,281,460
72,091,201
47,305.800
56,500,135
08,452,000
03,289,012
31,123.100
54,563.582
j>4’®7^92?
56.180,180
17,213.347
10,731.502
10,013.387
-15,637,660
14,858,987
.
,
April 125
31.240.200
31,081,500
31,072,300
31,003,400
31,052,000
30.875.200
31,019,400
31,092,500
31,048,400
31.145.200
31.204.200
31.221.900
31.223.900
31.175.200
Clearing-House checks.
totals of the Philadelphia
07,130,447
07,404,233
08,407,583
08 851,879
08,881,061
8.
15.
22.
52.742.200
55,016,200
53.728.400
53.605.200
52.793.300
53.217.400
53,038,800
51.871.300
50.373.800
50,827,900
51,687,600
52.871.100
53.653.400
54.217.800
54.400.100
_
Loans.
1880.
Feb. 2,
“
Deposits* Circulation. Agg. Clear.
Government and banks, less
Philadelphia Banks.—The
are as
the totals of the Boston
$
$
137.923.400
Other than
*
129,968
322,792
2,782,324 2,214,626 10,548,003 8,924,134
1,644,958 1,356,780 4,193,557 3,711,344
398,625
183,845 151,737
497,984
415,325
Do
(brchs).lst wk May
St. L. Iron Mt.&S. 1st wkMay
St. L. <fe San Fran. 1st wkMay St.Pau) & Duluth .March
—
earnings of all railroads from which returns can be obtained.
The columns under the heading “ Jan. 1 to latest date” furnish
the gross earnings from Jan. 1 to, and including, the period
Ala.Gt. Southern. April
Ports.Gt F.&Con. March
Rensselaer & Sar. March
St.L.Alt.&T.H. ..1stwkMay
•
Jan. 1 to
the gross
-Jan. 1 to latest date.1879.
1880.
$9,670
$5,859 $131,695
Ogd.&L. Champ. 1st wkMay
112,867
Pad.&Elizabetht.3 wks Apr.
20,604
13,951
64,409
Pad.& Memphis..3 wks Apr.
10,371
7,069
Pennsylvania
March
3,278,186 2,603,068 9,306,313
9,580
4,784
Peoria Dec. & Ev. 4th wk Mar
797,357
Pliiladel. & Erie..March
327,678
212,775
Pliila. & Reading.Marc,h
1,457,322 1,041,142 3,836,720
27%
73%
15
*12
•
....
....
78% 00
107
70
125% 127
35% 37% 84hi
57%
57% 01
27% 28% 27%
22% 23% 21
43% 45% 42%
17
17% 17
25%
20% 28
72%
72% 73
33%
34% 37
10%
23% 23%
103% 101% 103
lo
1%
83
68
10
25
81%
24%
107
183
79% 74% 78
27%
26%
68%
69% 06
52
52
56%
103% *103 103%
5
82
15
107
70
25
125
108
120
24% 21%
47% 48
74
5
33%
*
...»
89%
107
183
....
106
70
10%
26
99% 100
88
14%
32
*105
09
23
03
71% 73%
10.L
91
6
3
80
....
1%
m
asked;
the prices bid and
23% 24% 24%
102% 103% 101%
121% 125 121
27% 28% 27%
....
....
33
60
30
71
82
pref.
*12%
44
64%
51
103% 103
58
*52
103
43" 49% 40~ 48%
40
04
73
34%
64% 65%
West. Un.Tel. 103% 105
Wab.St.L.&P.
63
16
26
*17
*107
120
30
20
*17%
39
53
65% 68%
108
121
50
51
55
60% 50
Hous.&Tex.C. 58
Illinois Cent.. 10316 103% 101% 102% 101% 102
Lake Erie&W. 26
26% 22% 25% 20% 23
102%
Lake Shore.... 1<>4% 105% 101% 10.3% 100
120
123
120% 120 120%
Louisv.&Nash 123
28
29
26% 27%
Manhattan.... 29% 30
0%
6%
6%
Mar.&C.lst pf.
014
4
4
Do
2d prf.
84
78% 81%
Mich.Central,. 8416 86% 79
16
12% 13%
Mobile& Ohio.
12% 14
34
29% 32%
Mo.Kans. &T.
34% 30
105
105
105% 105%
106
Mor.& Essex.. 106
73
69
74
00% 09
Nash.Ch.&StL 73
22
24
26
NewCent.Coal 27
27% 24
120
N.Y.C.&H. K. 126% 127% 124% 126% 122
34% 38% 34% 30%
N.Y.L.E.& VV. 3816 40
58%
58% 61% 56
Do
pref. 62)6 63
N.Y.Ont. & W. 28
28% 20% 28% 25% 27%
20
22
25
21%
Northern Pac. 21%
20%
50% 42
Do
46% 39% 43%
pref. 4 )
10
34
18
Ohio Central.. 1816 18% 18
29% 24% 27
Ohio & Miss... 29% 31% 20
74
71% 72%
72%
Do
pref.
34%
Pacific Mail... 36
37% 33% 35% 33
*
39
50%
50%
69%
Chic.M.&St.P. 75
76% 72%
100m
99% 100
100
99
101
100% 101
Do
pref. 101
Chic.&N. W.. 91% 92% 87-% 91% 87% 89% 89% 90% 89%
107% 109
108%
100%, 107% 106% 107
Do
pref. *108 108
186
182
182
186% 184%
189
181% 188
Chic.R. I.&P.
25
25
26
23
25
25
25
24?*
‘
23%
Ch.St.L.&N.O.
5L
52
50%
55
51% 52% 49% 50
‘Chic.St.P.&M. 55
Clev. C. C.& 1. 73% 73% 09% 72% 69% 70% 72% 73% 70
10% 11
10%
9% 11
10% 11
Col.Chic.&l.C. n% 12
70%
Del.&H.Canal 76% 79% 74% 77% 70% 74% 72% 75
70
81
79%
75%
77%
84%
Del. Lack.&YV.
85% 79%
27
28% 20
30% 24% 27
Han.&St. Jo.. 31% 32‘4 23
68
08% 70
Do
pref. 0014 70% 67% 69% 65% 68
Panama
Phil. & Read’g
79% 79%
80
39
52
67
64
78
65
16%
Friday,
May 14.
Wednesd. Thursday,
Tuesday,
May 11.
Monday,
May 10.
,—Latest earnings reported.—,
WeekorMo.
1880.
1879.
follows:
daily highest and lowest prices have been as
The
513
THE CHRONICLE,
(May 15, 1880.]
12,092,147
12,079,453
12,104,580
12.118.893
12,123,600
12.138,438
12,124,531
12,119,305
t
42,963.541
48,053,900
40,890,000
53,151,054
89.982.840
53.024.758
42.189,011
45.910.829
39,510,148
51,304,715
49.551.139
50.174,038
50,173.397
47,709,494
53.854.569
[Voi. XXX.
THE CHRONICLE.
514
New York City
of New York City for the
of business on May 8, 1880:
the condition of the Associated Banks
week ending at the commencement
Capital.
Banks.
Loans and
discounts.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
Mechanics’
Union
America
Phoenix
City
1,000,000
Tradesmen’s
600,000
300,000
Fulton
Chemical
9.498.000
6,031,700
7.169.000
6,739.000
4.358.800
8.569.100
3,192,000
7.156.900
3.106.500
1.688.900
11.749.500
3.756.200
4,234.1*00
Mereh’nts’ Exch.
Gallatin Nation’l
Butchers’&Drov.
1,000,000
300,000
1.439.300
Mechanics’ & Tr.
200,000
200,000
600,000
1,024.500
1,000,000
Greenwich
Leather Man’f’rs
Seventh Ward...
State of N. York.
American Exch..
300,000
800,000
5,000,000
5,000,000
1,000,000
Commerce
Broadway.
Mercantile
Pacific
1,000,000
Republic
1,500,000
422,700
450,000
412,500
Chatham
People’s
700,000
1,000,000
North America..
Hanover
500,000
Irving
2,448.000
6.746.500
5,364,800
561,100
44,500
5.749.600
1,100
1.114.300
609,000
2,876,600
352.800
213.900
3,144,000
587.200
600.500
301.600
98,000
26.400
397.200
2.790.400
88,600
918.200
699,000
471.700
595.300
687.800
94,300
111,000
2.191,000
5.520.600
3.249.600
1.347.200
2.251.300
7,368,700
1.102 800
404.400
2.657,7ou
1,000,000
500,000
500,000
500,000
2.255.300
2.540.900
2,172,»00
3.542,000
181.500
411.600
495.300
Corn Exchange..
Continental
Oriental
1,000,000
1,000,000
4,012.400
146,000
5.128.600
1,500,000
2,000,000
17,068,500
14.825.500
25.600
551.000
4.484.400
2.374.800
907.400
169.500
845,100
l,000,7oo
31.200
149.700
300.000
400,000
Marine
Importers’ & Tr..
."
Mech. Bkg. Ass’n
North River
East River
Fourth National.
Central Nat
Second Nation’l.
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
Park
500,000
240,000
250,000
3,200,000
2,000,000
300,000
750,000
500,000
1,000,000
300,000
250,000
200,000
750,000
300,000
100,000
Bowery National
NM York County..
Germ’n Americ’n
Chase National..
Fifth Avenue....
744.700
1,172,500
1.500.800
2.818.000
2.957.400
15.184.000
8,113,000
2,781,000
1,044,000
380.000
4.344.100
659.300
11.319.500
3.264.800
2,712,000
537,000
1.937.300
799,500
8.303.900
11,849,000
3,001,600
2.605.200
654.200
919.000
995,800
180.000
259,700
2.146.500
2,700
474,300
83.700
2.935.900
3.151.300
3.432.200
1.243.400
2.018.600
6.975.500
2,424,700
1,122,600
1.784.500
2.119.500
268,3 JO
800,000
440,000
45.000
2
444.800
767,600
180,000
1.093,700
529.800
638.200
356,700
1,308,000
16.602.00C
94.100
828.700
782,100
31.500
67.600
224.100
810,000
14,453.700
684.000
7,368,000
406.000
3,166.000
417.100
4.139.900
1,489,000
45,000
435,000
450.000
420.900 12.594.000
819.300
7,77S,400.
103.800
910.700
2&3.000
1,114,000
347.600
1,415,100
101.500
1,830,800
3.043.900
174.100
1,568,700
45.600
796.200
268.490
.224,000
180,000
„
583.400
287.700
32%
244,890
17,257,100 258,323,000 20,572 900
J.
49
100
pref...........
Delaware & Bound Brook....
East Pennsylvania.
Elmira &‘Williamsport.......
do
pref..
Joy & Lancaster.
Huntingdon & Broad Top...
do pref.
do
Lehigh Valley. . .
Little Schuylkill....
do
Norristown....
North Pennsylvania
Pennsylvania.......
Philadelphia & Erie
Pniladelphla & Reading
Philadelphia & Trenton
Phlla.Wllmiug. & Baltimore.
9
12
50%
The deviations from returns of previous week are as follows :
Inc. $5,750,800
$701,400 Net deposits
Inc.
Dec.
73,300
Inc. 3,985,000 Circulation
Specie
I^gal tenders
Inc.
243,100
The following are
Loans.
1879
$
the totals for a series of weeks past:
Specie.
$
Sept. 27....260,763,700 20,017.400
Oct.
4....266,364,300 20,149,100
11....268,701,800 22,566.300
18....267,505,500 26,383.600
25 ...269,433,300 27,682,600
Nov. 1....271,238.600 29,675,300
8....270.076,800 33,823,800
15....268,538.800 42.992,800
22....276.194,400 50,006,700
29....273.439,900 52,310,700
Dec.
6....273,101,100 54,771,000
13....275,750,100 54.069,400
20....278,098,100 50,842,900
27....277,584,200 48,638,200
“
“
“
••
“
“
••
“
“
1880.
L. Tenders. Deposits. Circulation.
$
$
$
40,047.700 229,983,000 21,531.900
38,093,500 231,920,700 21,932,400
36,438,500 232,780,500 22,080,100
33,097,700 232,805,300 22,286,800
30,151.700 231.608.000 22,448.700
Agg. Clear.
$
591,859,560
747,278.535
741,448,440
798,960,746
761.277,728
28,615,900 234,412,000 22,600.500 865,862.857
23,486,900 231,927,700 22,341,500 772,150,134
22,585,800 239,201,200 22,475,700 870.0*2,059
18,9S5,200 250,297,300 22,550.400 942,922,768
16,771,700 247,195,500 23,024,800 779,955,847
14,673,200 247,030,100 23,255,100 850,846,848
13.403,900 247,559,200 23,463,800 722,603,389
12,543,400 246,118,600 23,651,900 666,418,518
12,089,700 242,062,200 23,732,900 586,014,073
3....276,706.200 48,282.100 12,723,500 242,087,100 23,748,600 604,197,943
10....276,116,100 51,473.500 14,097,800 246,995,600 23,812,900 657,695,260
17... .276,990,900 53,558,600 15,914,200 253,731.900 21,635,900 787,728,198
24....280,068,600 51,832.200 17.143.500 257,483.700 21,662,900 743,125,#31
31
283.194.500 50.312.800 18,586.000 259,675,900 21,529,900 772,270,895'
Feb.
7....290,381,600 52,994,600 16,437,900 264,404,200 21,683,200 720,978,130
14....290,445,200 54,746,500 16,086.000 267,128,100 21,599,600 683.453,357
21....290,091,200 59.»87,200 15.505,500 271,601,000 21,282,200 795,314.114
28....293,545.600 57,413.300 14,168,000 271,012,800 21,174,000 725,419,855
Mar.
6....297,135,500 58,055,000 12,130,400 271,483.400 21,002,100 895,014,025
18....297,256,900 57,927,900 11,652,400 270,381.000 20,967.100 827,801.840
20....294,4< 7,400 55,440,100 11,555,100 264,538,200 20,975,800 748.481.804
27....290,866,700 54,773.800 11,272,500 260,340,500 20,995,200 644,453,967
April 3 ...290.639,500 53,669.300 10,847,500 259,306,800 20,981,600 771,019,670
10....288.470.900 52,023.600 11,935,900 256,267,800 20,987,900 810,774,898
17....284,250,800 50.050.800 13,866,000 253,519,800 20,843,000 849,817.403
24....278,886,200 48.983.600 15,432,100 248,896,700 20,612,800 720.947,846
May
1....280,436.300 49.406,500 17,014,000 252.572.200 20,646,200 697,435.051
8....281,137,700 53,391.500 17,257,100 258,323,000 20,572,900 790,380,569
Note.—With December 27 the Grocers’ Bank disappeared from the list.
Jan.
“
“
“
“
“
*5*9*
12%
23%
13
60
Chesapeake* Delaware....
Delaware Division
BOND8.
vai.^ ^10.,16^..
do
do
Camden
AAmboy
6s,coup,t83
“
QUOTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
SKCTUB1TIKS.
Bid. ABk.
BOSTON.
Atch. & Tcpcka 1st m.7s.....
do
land grant 7s
do
2d 7s
119
do
land Inc. 8s..
122
Boston & Maine 7s
boston <z
H6J«
Bid. Ask.
SKCUBITIES.
Old Colony, 7s
Old Colony, 68
Omaha & S. Western, 8s
Pueblo & Ark. Valley, 7s
Rutland 6s,1st mort
Vermont & Canada, new 8s..
....
•
tt|
.
*
-
-
Vermont*Mass. RR.,6s
t
r
a
-
t
,
....
.
.
.
.
,
STOCKS.
Albany 7s
Atchhon & Topeka
do
6s
.
At hi o i & Nebraska
Boston & Lowell 7s
’Boston & Albany
do
6s
105
Boston & Lowel;
Boston & Providence 7s
122
Burl. & Mo., land grant 7s.... 11414
Boston & Providence
do
Nebr. 6s Ex
10714
do
Nebr. 6s
iBurllngton & Mo. In Neb. . .
111
Conn. & Pa8sumpslc, It, 1891. iid
iCheshlre preferred.
91
Eastern, Mass., 4* s, new. ..
9114 Chic. Clinton Dub. & Min
Cln. Sandusky & Clev.... ..
Fitchburg KB., 6s
Concord
do
7s
Fort Ecott & Gulf 7s
107% Connecticut River
Hartford A Erie 7s
.
39% 3914 Conn. & Passumpslc
Kan. City Top. & YY., 7s, 1st
;114J4 Eastern (Mass.)
do
Eastern (New Hampshire)...
ao
7s, inc..
K. City Lawrence & So. 4s... 87 i.'.Y.
Fitchburg
Ill
Fort
Scott & Gulf, preferred
'11114
KaB.City.8t. Jo.&C. B. .s. .
do
common.
Kan. tl»y St. Jo. & O. B. In.
K. C. Law.* Southern
Little R’k & Ft. Smith, 7s,1st
New York & New Eng. 7s ... ;i08% io^% K. C. St. Jo. & Council t luffs
1
09
1 tfct*f> Fnck <%-. Fort ^mlth
Ocdenshnn?
l.av-p <:h So
11*%
109^4
new
..
....
125
80
144% 145
90
124
122
138
142
124%
10%
.
1*96*14 *97
74
11
7s 1900.
105
Harrisburg 1st more 6s ’83
H. & B. T. 1st m. 7s, gold, ’90.
do
1st m. 7s, fi. g.’c9
2d m. 7s, gold, '95.
2d m.f'.scrip g.,7s
3dm. cons. 7s, '95*.
Ithaca* Athens 1st g d, «s.,’S0
Junction 1st mort. 6s, ’82. .
2d molt. 6s, 1900
do
Lehigh Valley, lst,6s,cp., 1898
do
do reg., 1893...
do 21 in. 7s, reg., 1910..
do
<£o
do
04
27%
28%
80
120
1*05%;
.
„
.
....
46
::::
120%
....
2dm.7s,’84.+
3d m. 7s, ’881
Dayton & West. 1st m., ’81.. .1
1st m., 1905.1
do
do
Istm. 6s, 196)
do
do
!
|
«
99
Little Miami stock
80
Louisville 78
....
-■r
$ Per share.
66
•
35L,
3-<
$ Cou. to Jan., ’77
In default.
funded.
100
120
120
108
113
107
71
112
120
72%
31% 35
108
108
107
115
117%
118%
107% 108
118
107
104
110
130
103% 104
110
103
99% 100
105%
101% 102
105
+ 106
101% 102
103
102
+ 101
j
ios% io*5%
....
'54
120
121
f
....
....
103%!
t 108
1 104%
wharf 6s
spec’l tax 6s of ’89.+ 104%
Louisville water 6s, Co. 1907 + 107%
Jeff. M.&l.lstm. (I&M) 7b,’8l+> 100
do
1 107%
2dm., 7s
do
1st in.,78,1906. ...+ *115
Louisv. C.& Lex. 1st m.7s,’97+ 115
Louis.* Fr’kMLouisv.ln,68,*8’
Louisv. &
Nashville—
105
Leb. Br. 6s,’86
+ 105
1st m. Leb. Br. Ex.7s,’80-85. +
105
Lou. In.
do
6s,’93...+ 103
Jefferson Mad. & Ind. stock.
+
*
112
6s,’82 to ’87
t 104% 105%
6s, ’97 to ’93
+ 104% 105%
105%
water 6s,’87 to’89.1 104%
105%
water stock 6s,’97.1 104%
do
do
do
do
do
do
-
-
99
108
LOUISVILLE.
....
65
120
125
stock
Dayton & Michigan stock.... 53
8. p.c. st’k, guar 119
do
116
do
Scrip
....*
N.Y.C.& RR.78,1895 ....
125
do
1906
Pennsylv., 1st m., 6s, cp., ’80.. 102%
do
gen. in. 6s, cp., 1910. 110%
118
do
gen. m. 6s, rg., 1910. 117
cons.rn. 6s, rg., 1905. 112
do
iii
do
cons. m. 68. cp., 1905. 112
do
Navy Yard 6s, rg,’81
•
112
108
112
Columbus & Xenia
Pa.&
*
102%
107
Ind. Cln. & Laf. 1st m.
•• •
Phila. & Erie 1st m.6s, cp.,’8’. ibl
do
2d m. 7s,cp.,’S8 112
Phi a. Newt’n & N.Y., 1st m. 80
Phila.& Read. Istm.6s, ’43-’44
do
do
’4S-.49
do
2dm., 7s, cp.,9’.
32
8
7s....t 100
do
(I.&C.) istm.78,’88+ 105
Little Miami 6s,’83
...+ 102%
70
Cin. Ham. & Dayton stock...
114
•
B
7s, 1905 t
tdm. r.s, ’ao t
Cin. Ham. & Ind., 7s, guar. .1
Cln. & Indiana 1st m. 7s
+
do
2d m. 7s,’<7. .3
Colum. & Xenia, 1st m. 7s, ’90
Dayton & Mich. 1st m. 7s. *811
62
m.,6s,rg.,1923
do
6s,< p.,19.3 112%
Little Schuylkill, 1st m. 7s ’
North. Penn. l6t m. 6s, cp.,’85. 108%
do
2d m.7s,cp.,’96. 116
do gen. m. 7s, cp., 1903.
do gen. m. 78, reg.,-1908
Oil Creek 1st m. 7s, coup.,’8*.
jflttsh. Tltusv. A B., 7s, cp.,’96
con.
—
do
108
119
118
151
120
110
104 107
114 '114%
107 [110
109 |lll
109%; 110
108% 110
do
115
lia
118
CINCINNATI.
115
.
115
120
120
122
122
50 31%
5b
7
50 4 0
Maryland
Cincinnati 6s, long
t
do
7b
t
do
7'SOs
+
do
South. RR. 7'30s.+
do
6s, gold, t
do
Hamilton Co., O., 6s. long...t
ao
7s, 1 to 5 yrs..+
do
7 & 7-30s, long.1
Cln.& Cov. Bridge st’k, pref.
Cin.Ham. & D. coae.6i, 19 5 +
’88
’80.
Penn. Co 6s. reg
Ferklomen 1st m.6s,coup.,’9
61
116
10H%
150
6
do
2d m.,guar., J.&J....
do
2d m.,pref
do 2d m.,gr. by W.Co.J&J
do 6s, 3d m., guar., J.&J
Mar. & Cln. 7s, ’92, F. & A ...
do
2d, M. & N
do
8s, 3d, J.&J
Union RR. 1st, guar., J. & J..
do
Canton endorsed.
1900-1904......
Chartiers Val., istm. <s,C.,190. i03%
do
do
Par.
100 145
3dm.,guar.,’85.J&J
Plttsb.& Connellsv.7s,’98,JfcJ
Northern Central 6s,’85. 5 &J
do
68,1900, A.&O.
do 6s, glc, 1900, J.&J.
Cen. Ohio 6s, lstm.,’90,M.& S.
W.Md.6s,lstm.,gr.J’90,J.&J.
tm.,gr.,’tdo ilst m., 1890, J.&J...
Burlington Co. 6s,’97.
Catawlssa 1st,7s, conv., ’»2...
do
chat, m., 10s, ’88 ..
114%
Pittsburg A Connellsvllle..50 69
3A1LBOAD BONDS.
32%
29% Balt. & Ohio 6s, 1880, J.&J.... 102
do
6s, 1885, A.&O—. 106
24
Delaware mort., 6s, various..
116
Del. & Bound Br., 1st, 7s, 1905
East Penn. 1st mort. 7s,
cm
A W'mjnnrt
1 fct. m._7R
E1.& W’msport, 1st
m. ,7b,
do
5s,perp^... .... 85
“
109
114
112
114
115
120
120
111% 112%
.
“
“
106%
111
114
111
105
110
112
115
Central Ohio
116
Connecting 6s,
“
Western
2dm. 6s.’85.. 107%
3dm. 6s, ’87.. 111
do
10S
110
J..
Northern Central..
6s, coup.,’89 107%
n:%
mort. 6s, ’89
Cam. & Atl. 1st m. 7s. g., 1;93
do
24 m. cur. 7s, Ir7*..
Cam. &
53
6s,exempt,’98,M.&S,
6s, 1900, Q — J
6s.1902, J.A J
5f, 19:6, new...
Norfolk water, 8s
*35%
“
“
do
do
do
Dela. 1st m.,6s,1902.
do
do
“
“
do
51%
12%
end.,’91
105%
6s, exempt, 1887.... 108
6s, 1890, quarterly.. 100
51
68
Schuylkill Navigation......
do
pref...
... •
Susquehanna
Belvldere
106
81% '8*2
do
do
5s, quarterly
Baltimore 6s, 1SS4, quart
do
6s, 1886, J.& J.......
do
6s, 1890, quarterly...
do
6b, park, 1890,Q.—M.
do
6s, 1893, M.& S
•••■
inc. 7s,
105
120
117
101
75
N. W.Va.
RAILROAD
82
6s, boat&car,rg.,19!3
7s, boat&car.rg.,l9;5
Susquehanna 6s. coup.. '.9.8 .*
13
29%
Pennsylvania
do
1901
2d m. 6s, reg.,
do
do
do
23%
32
Navigation
Allegheny
’.910..
rn.6s.rg.,’97.
!3% Balt.& Ohio....
1st prif
do
28%
do
2d prtf
Wash. Branch.100
do
do
Parkersb’g Br..5l)
160%
do
do pref. 160
United N. J. Companies....
West Chester conBOi. pref..
35
West Jersey
CANAL STOCKS.
32
Morns
do
pref
Schuylk. Nav.lst
BAILKOAD STOCKS.
Iitusv.& Buff.....
pref.
Paul & Du’iUthR.K. Com
Lehigh
54 %
102%
50%
51%
do
St
50%
54
58
Pittsburg
Loans and discounts
Pennsylvania 6s,coup.,
do
...
Nesquehonlng Valley
98
59%
1885..
BALTIMORE.
Maryland 6s, defense, J.&
Har.P. Mt.
Siinehlll
105%
93
reg.,’84
Morris, boat loan, reg.,
25%
pref.....
new
85
117
117
i06%
..
Catawlssa—.....
do
do
116
116
106
do
mort. RR., rg .’9. 110
do m. conv. g., reg.,*94
do mort. gold, ’97—
do cons. m.7s, rg.,191'- 104%
Lehigh Navlga. m.,6s,
pref
do
ao
1,132,700
6s, coupon
90
Chesap. & Dela. 1st 6s, rg.,’86
Delaware Division 6s, cp., 78.
Atlantic.....
Camden &
19,070,500
*55*
do
1st m. 7s,’99
do
cons. 6s, 1909 —
Western Penn. RR. 6s,cd.!899
do
6s P.B.,’96. 106
CANAL BONDS.
80
117
103
stocks.t
railroad
700
000
1.330
2.977
do
deb. 7s. cps.off
do mort., 7s, 1892-3
6s, coupon.........
Harrisburg City
4.600
5.189.400
172.000
704.600
Delaware
450,000
450,000
522.500
126
Camden County 6s, coup
Camden City 6a, coupon
7s, reg. & coup
do
3.900
64
lnc.&l. gr.,7s 1915
Union & Tltusv. 1st m. 7s, ’90. 80
Uulted N. J. cons. m. 6s, ’94..
ioi
Warren & F. 1st m.7s, ’96
113
West Chester cons. 7s, ’91
West Jersey 6s, deb,, coup.,*83
do
1st m. 6s, cp.,’96. 114
104%
6s, gold .reg... ...
7s, w t r ln,rg. <fecp.
,io 7s, str.imp., reg., 83-86.
N. Jersey 6s, reg. and coup...
do
exempt, rg. & coup.
5,400
1,991.000
3.638.300
124
do
do
’93
7s, coup, off,
do
co
Pittsburg 4s,coup., 1913.....
do
5s, reg. & cp.,19U.
132,000
1.967.500
over
conv.
oo
Syra.Gen.A CornV,l6t,7s,1905
107
to’9p
6s, 1903 ...
63 g., 1397...
7s, 1893*
Texas & Pac. 1st m ,6s, g.,1905
cons. m.,6s,g.,1905
do
County 5s, coup...
City 7s, reg.
Allegheny
Allegheny
179.400
10,612,000
260,400
116.200
27.000
31.200
253.600
1.311.400
1.411.600
1.325.600
2.121.500
2.989.900
1.550.200
896.400
2.208.500
6s, 15-25, reg., 1882- 92 108% 109
6b, In. Plane, reg.,18*9
do 6s,n.,rg., prior
do 6s, n.,rg.,1895&
do 4a, various
450,000
1.399,700
119
107%
83
Stony Creek 1st m. 7s 1907...,
Sunb. Haz. & W.,lst m.,5s,’23
Sunbury & Erie 18t m. 7s, ’97.
189^-1902
37,800
630.000
630.000
CITY BONDS.
Philadelphia,5s reg..do
6s, old, reg......
118%
Phila. Wilm. & Balt. 6s, ’84....
Pltts.Cln.&St. L. 7s, cou., 1S0C
do
do
78, reg., 19i’(
Shamokin V.& Pottsv. 7s, 1901 Ill
8teubenv. & Ind. 1st, 6s, 1884. 101
Penna. 5s, g’d, int.,reg. or cp.
do
5s, cur., reg ....
do -5s, reg., 1-8 -1832. ....
114%
do
5b , ne w, r eg.,
do
68,10-15, reg., 1977- 82. 101%
do
do
rib
do Imp. m.
61
PHILADELPHIA.
STATE AND
86
118
ten. m.
ro
86
85
25% Phil.&K.Coal&Iron deb. 7s,92
25
Rutland, preferred
Vermont & Massachusetts..
Worcester & Nashua
709.200
1.277.200
855.200
157.700
175,000
168,600
94.500
147,000
548.600
258.600
694.000
260.600
110.600
82,000
66,200
210.000
88.000
205.900
Pueljlo & Arkansas...
U49,600
,
138.100
7.176.500 1,570,100
60,475,200i 231,137,705 53,391,500
Total
85.000
124,000
78.500
109.800
378.800
196.800
119.500
57.700
173,000
213.100
232.900
3.553.600
10.845,000
2.909.400 1,151.730 10,175,500
222.700
4.269.400
900.000
3.116.500
174.900
529.400
2,574.000
Nassau
Market
St. Nicholas
Shoe & Leather..
600,000
749.500
164.300
371.700
112%
Old Colony
... 112%
106Portland Saco & Portsmouth
lib* 111
Pullma i Palace Car.....
400
4.926.600
3,000.000
Citizens’
495,000
90.000
2,422.000
184.600
....
9,966.000
27
80
74
pref..
do
$
*
$
635.000
136%
26%
54
...
do
scrip, 1882. .....
do
In. m. 7s, cp,1896
do cons. m. 7s, cp.,1911..
do cons. m. 7s, rg.,1911..
do conB.m.6B.g.l.l911. .
37
96
...
Bid. Ask.
8XCUBITIS8.
Phil.* Read, dcben., cp./ST
do
do
cps. oh.
111%
36%
Norwich & Worcester
Ogdensb.* L. Champlain
235.100
11,516.000
1.805.500
Metropolitan
Circula¬
tion.
1.911.300
601,000
829.500
Manchester & Lawrence....
England...
Northern of New Hampshire
1.388.400
940,000
3.579.500
13,847,000
14,307.700
5.431.500
3,435 200
^
Nashua & Lowell
New York & New
Net dept’s
Legal
other
Tenders. than U. S.
$
}
$
New York
Manhattan Co...
Merchants
Specie.
Bid. Ask.
8XOXJBITIES.
of
Average amount
PHILADELPHIA.* Etc.—Continued.
BOSTON,
shows
Banks.—The following statement
iTitpre Jt..
105%
105%
108
101
108
115%
115%
105%
105
1880.]
15,
May
515
CHRONICLE.
THE
STOCKS AND BONDS IN NEW YORK.
jjt S. Bonds and active Railroad Stocks are quoted on a previous page. Prices represent the per cent
QUOTATIONS OF
value, whatever the par may be.
BONDS.
STATE
*
Alabama—Class A, 2 to
Class A, 2 to 5, small
Class B,
Class C,
SECURITIES.
Ask.
Bid.
SECURITIES.
5 ..
5s
2 to 5
Arkansas—6s, funded
7s, L. Rock & Ft. Scott iss,
7s, Memp. & L. Rock RR .
7s, L. R P. B. & N. O. RR,
7s, Miss. O. & R. R. RR...
7s,
Connecticut—6s
Georgia—6s
7s, new,
7s, endorsed
7s,
gold
Illinois—6s,coupon,
War
loan
44
6s, loan, 1883
6s, do 1891
1879...
New
Kentucky—6s.
t
*
....
;
....i
1
109%
...
110%
....
108
111
106%
106%
...
•
107
107
107
116
117
.
•
•
•
.
T
*
*
T
-
....
Rhode
....
Railroad Stocks.
quoted.)
Albany & Susquehanna..
previously
104
L., pref. 60 66* *
No...
12*6" 12*4 "
pref
110% 111%
Clev. & Pittsburg, guar....
Dubuque & Sioux City
Boston & N. Y. Air
Burl. Cedar Rapids &
Cedar Falls & Minnesota...
Chicago & Alton,
Frankfort & Kokomo
Harlem
Ind Bloom-
& Chicago..
Elevated
N. Y. Elevated.......... • • • • •
N. Y. New Haven & Hartf.
N. Y. Ontario & West.,pref.
§2i"
Peoria Decatur & Evansv..
Metropolitan
W. & Chic., guar,
spec’l.
Rensselaer & Saratoga
Rome Watertown & Ogd...
St. Paul & Duluth
do
do
pref.
do
& Canal
Adams
Express
La Plata Mining
Leadville Mining
Little Pittsburg Mining ...
Mariposa L’d & Mining Co..
do
do
Montauk
do
§ik
do
§6%
2%
§10
§33%
•
•
D. of
•
matured coupon
Funding 5s,
$114
2d int.,
no
80
96
112%
113
&
]9%
68%
accum’lative
..
Land
.
..
2d mort..
3d mort..
109%
lst.coup
100
$120
106%
106%
102
111
Jos.—8s,
115%
RAILROADS.
5
Income bonds
Chic. St.P.& M’polis—1st,
.1
...
115
Landgrant Income,
105%
Chic.&
Cin.
117
116
cp.ctfs
1st m., 6s, ’95, with
1st m., 6s,’96,
do
Den. Div. 6s ass. cp.ctf...
do
1st consol. 6s
Pacific RR. of Mo.—1st m.
2d mortgage
100
106
93
50
22
-
-
110
....
107%
109%
do
Cleve.& Pitts.,
do
z.
do
do
1st g.7s,’97
-
•
•
•
79%
79%
do
N.Y. & Oswego
•
96
100
102
Registered 6s, 1911.
m
2d mortgage, guar
South Side (L. l.)—1st mort
South Minn.—1st m., 7s, ’88
1st mortgage, 7s (pink)
Extension
..
19ll
Registered 7s, 1911....
Improvem’t, coup., 6s, ’99
General, coup., 6s, 1908...
do
do
7s, 1908...
106% 107
Inc. mort., coup., 7s, 1896.
107%
Deb. mort., coup., 6s, 1893
104 "
Deb. mort., conv., 7s, 1893
$10*7% 109% Rome Wat. & Og.—Con. 1st.
$.’..*! 94*
25
84
75
35
15
85
113
105
:
S.E.—Cons., 7s, g.,’94
St.L.Vandalia& T.H.—lstm
Coupon 7s,
Tol. Can. S.& Det.—1st, 7s,
Union & Logansport—7s..
U. Pac.—South
..
St. L.& Iron Mount’n—1st m
2d mortgage
98%
Southern
99%
HO
81
20
92
105
95
*
88
108
78
35
110
60
22
5
5
95%27
85”
42
20
100
99% 102
106
105
95
g
102**
95
Branch
58
114
56
100
105
106
95
94%
7s, gold.
St.L.&
111% Phil.&Read.—
Cons. coup. 6s
118% 119
107%
80* *
2d
St. Joseph & Pacific—1st
2d mortgage
96
60
30
65
101
90
107
103
105
70
30
107
55
18
4
4
Convertible bonds
2d mort
105
100
85
Mid.—Stock
80% N. J. Midland—1st,
lllT
2d 7s, 1898
2d gtd.7s, ’98
CD 35
108% ll<%
2d mort
Long Island—1st mortgage.
N.Y.&Greenw. L.—lst,7s, n.
•
.....
•
gld,’71
Indianapolis & St.L.—1st, 7s
Indianap.& Vine.—1st,7s, gr
Kansas & Nebraska— 1st m.
....
.
-7s.
gr’t
Ho8us.1?Gt.S^-ls*t,‘7's*g.i9d(j
127
120
.
.
112
80
4th mort...
1st con.1,
St.L. Va.&T.H.,
107
103
.
.
Hous.& H.—7s,
90*
100
104
90
103
100
75
15
Gr’nd R.&Ind.—lst,7s,l.g.gu
1st, 7s, Id. gr.,not guar...
60%
117%
do
2d con.,
do 1st Tr’t Co.ctfs.ass
do
do
suppl.
do 2d
do
ass.
100%
Galv.
95
118
3d m.,
consol., s.f.
Col. Chic. & I. C.,
130
Stock
-
130%
ml
C.C.C.&I.,7s
S., 7s.
7s
Consolidated 88
.
ioi"
Pennsylvania RR—
Pitts.Ft.W.& Chic., 1st m.
do
do
2d m..
11*6*
70
71
100
$....
60
Spr.—1st,
equipment
7s,
«...
South Pac. cf Mo.—1st m
Texas & Pac.—1st, 6s, 1905.
Consol. 6s. 1905
Income and land gr’t, reg.
Southwest.—7s, guar:
Evansv. & CrawfOrdsv.
Flint & Pere M.—8s, I’d
$8*8* * do"
$66
68
105
101
105
99
107
6s
6s....
1st m., g’d L. S. & M.
Denver Pac.—1st,7s,Id. gr.,g
Erie & Pittsburg—1st m.,
Con. mortgage, 7s
-»
92
107
109
60
97
80
Lafayette & Ch.—1st
Cin.&
103% 104
1st m„ Carondelet Br...
St.L. & S.F., 2d 6s.class A
do
3-6s, class C
do
3-6s. class B.
do 1st 6s,Peirce,C&O
do
1st con., guar
1st, reg
grants, 7s
79%
TZ*—«
(Brokers' Quotations.)
110%:
Sinking fund
Registered, 8s
Collateral Trust, 6s
Kansas Pac.—
•
List.
Stock.
$96%
Chic.&Can.So.—1st m.,g.,7s
112% 112%;
Chic. & E. Ul.-S.F.c’y,1907.
m
no
South. Pac. of Cal.—1st m.
Union Pacific—1st mort..
.
54
53
E’ville—Incs.
Miscellaneous
|
90%
89
^....
6s.
•
104%
104%
104
104
1899
St.L.I.M.&S.—1st 7s,prf.int.
....
$76
Railroads—
Peoria Dec
98
116%
94%
•
registered
do
.
55%-
94%
Registered
...
#
94%
Columbia—3’65s, 1924.
Small
....
f
1867
consol, bonds
ex
5
37
2930
22
22
22
80
54
24
7
1866
consol., 2d series
6s, deferred
Income, 7s
113
conv...
Hous.& Tex. C.—1st, m. l.,7s
1st mort., West. Div., 7s..
1st mort., Waco & N., 7s.
2d C., Main lino, 8s
2d Waco & N., 8s
Inc. and ind’y, 7s
21
15
N.Y.&StraitsvilleCoal&Iron
113%
112
$
2d,con.,f.cp.,5s,0s
Han. & St.
2
•
96)<j
Land grant bonds
Western Pacific bonds..
gold 7s, 1920
$118% 119
Long Dock bonds
118
Buff. N.Y.& E, 1st m., 1916
87% 88%
N.Y.L.E.&W.,n.2d,con.,6s
do 1st, con., f, cp.,7s
$83"
§32*
pref
.
1st cons,
§15
Coal
Gas Coal.r
-
118
106
108
$108
108
Denv.& R. Grande—1st,1900
Erie—1st mort., extended..
2d mortg., ext’n 5s, 1919.
3d mortgage, 7s, 1883
4th mortgage, 7s, 1880 —
5th mortgage, 7s, 1888 —
35
32"
.
-
t
....
109%
Susqueh., 1st m.
Rens.& Saratoga,
§2&
Deadwood Mining
Excelsior Mining
Gold & Stock Telegraph....
Horaestake Mining
-
r
100
112
1917
do
do
do
§4fc
Iron
Consolidation Coal of Md..
Cumberland Coal & Iron....
extended
Coup., 7s,’94
Reg. 7s, ’94.
Albany &
§2%
Climax Mining
Colorado Coal &
_
1st Pa. div., coup., 7s,
reg., 7s, 1917
do
§9"
Central Arizona Mining....
Central N. J.Land Imp
Maryland
do
do
do
§55
Boston Land Company
Boston Water Power
Canton Co., Baltimore
Caribou Consol. Mining
-
-
113%
construct’n
7s of 1871.
1st con., g’d..
Del.& Hud.Canal—
1st mortgage, ’84
1st mortgage, 1891
105%
& Co..
T
127
bonds, 11*00
do
do
do
do
114
54% 56
43
44%
18%
new,
new,
...
102%
7s, 1907
Syr. Bit gh. & N. Y., 1st, 7s
Morris & Essex, 1st m
do
2d mort...
112
6s,
6s,
6s,
6s,
6s,
3
35
27
27%
■
7s,
Mortgage
§30
68, new
6s, new series
Pacific—Gold bds. 104 104%!
Atch.&P.P'k—6s,gld, ex cp.
San Joaquin Branch....
104% 106 j Bost. & N. Y. Air-L—1st m.
Cal. & Oregon, 1st
$106%
Cent. Iowa.—1st m., new
State Aid bonds
1
$104
2d
121**
West.—2d m..
convertible
m7%
11*9*
'
18%!
115
Central
•
..
St’ks.
American Express
United States Express
Wells, Fargo
Pacific -
$117%
Iowa
Warsaw.. ;5159*
Miscellaneous
bonds
Registered gold bonds...,
Galena
•
*
11
11
103
109
112
6s, 1920.
Peoria Dec. & E’ville, 1st 6s
122
no
no
118
Sinking fund
1st con. 7s
Del. Lack. &
113
114
Stonington
Terre Haute & Indianapolis
Texas & Pacific
Tbledo Peoria &
United N. J. RR.
•
•
Long Island
Louisv. N. Alb.
do
Coupon gold
31
^
»
Virgina—6s, old
3%
3%
3%
Ohio Cent., 1st m.,
104
121
105
Midland, 1st m., 8s.. 104
& Chicago, exten. no
Peninsula, 1st m., conv... $114
§9**
Chic. & Mil., 1st
$106% 109%
Winona & St. P., 1st m. ..
no
2dm....
do
117%
C.
C.
7s,
f.
C.
&
Ind’s—1st,
s.
$.... 114%
92% 93%
Consol, mortgage
115
113
C.
St.L.&
N.
O.Ten.
lien
7s
$108*'
163
161
Intern’l & Gt. Northern....
Keokuk & Des Moines
do
do
pref.
Pitts. Ft.
f’d
Consol, bonds
Extension bonds
1st mortgage
180**
3*i"
& Western
-
1869.)
f4 4
Non-fundable
Tennessee—6s, old
AND BONDS.
Chic. & Northw.—Sink,
Int. bonds
§42
r
17%
AND MISCELLANEOUS STOCKS
Nevada Central—1st m. 6s.
Chic. M.&St.P.—Continued
Ohio & Miss.—Consol, s. f’d
88
1st 5s, LaC. & Dav., 1919.
Consolidated
09%
1st So. Minn. div. 6s, 1910
2d consolidated
no%
1st m., H. &D., 7s, 1910..
1st m., Springfield div
110
RAILROAD
(Active
t
17%
Island—6s.coun.’93-9
South Carolinabs, Act Mar. 23,
30
30
110
110
90
90
10
10
A.&O
do
coup, off, J. &J.
do
coup, off, A.&O.
Funding act, 1866
do
1868
New bonds, J. & J.
do
A.&O
Chatham RIt
Special tax, class 1
do
class 2
do
class 3
Ohio—6s, 1881
6s, 1886
do
108
181*2
York—6s, loan,
f
120
28%
28%
..
Carolina—68, old,J&J
6s, old, A.& O
No. Car. RR., J. & J
North
.
4
,
107%
’92.
Hannibal & St. Jo., 1886..
do
do
1887..
New York—6s, gold, reg.,’87
6s, gold, coup., 1887
1893
47% New York—6s, loan,
103
113
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or ’90
Asylum or Univ., due
Funding, 1894-95
Central RR.
Arkansas
46%
Louisiana—7s, consolidated
7s, small
Michigan—6s, 1883
-7s, 1890
Missouri—6s, due 1882 or ’83
”*57
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
70
105
102
Securities.
(Brokers' Quotations.)
106
103
STATES.
Arkansas Br., 1st mort
108
75
72
104% 106
III. Cent.—Dub.&Sioux C.lst $110%
N. Carolina.—New 4s
Cairo & Fulton, 1st mort.
101
99
100
96
Pennsylvania Coal
Dub. & Sioux C., 2d div...
So.Carolina—Con.,
6s
&
1st
Cairo
Ark.
T.,
mort.
100
106%
$110
95
Pullman Palace Car
ii*
Cedar F. & Minn., 1st m..
Imp’t. cons
116% St. L. Alton & T. H.—1st m. $100
1.13
105
+
Quicksilver
Ind. Bl’m & W —1st, pref. 7s
Texas—6s, 1892
M.& S. + 103
2d mortgage, pref
74
92
112
111
do
pref
1st mort., 7s, 1900
do
income
7s,
gold,
§4
%
1892-1910
..
60*
116
113
H12
Silver Cliff Mining
2d mort., 1909
Belleville & So. Ill., 1st m. 1
7s, gold, 1904
99
101
41
39
Mining §28)4
Standard Cons.
Ind’s Decatur & Sp’d 1st 7s
Virginia—New 10-40s
St. P.& Sioux C.—1st 6s.1919 108%
97% 98
Int. & Gt. North.
Past-due Coupons.—
St. P. M- & Manit’a—1st, 7s.
20
10
Lake Shore—
2d mort., 6s, 1909
108
Tennesssee State coupons.
108%
Stock Exchange Prices.
40
Mich S. & N. Ind., s. f., 7s.
Tol.Peo.&W
112
—
South Carolina consol
128
**■.
20!
Balt. & O.—1st 6s,
10
40
Cleve. & Tol., sink. fund.. 106*
Pur. Com. rec’pts, lst,E.D
128
Virginia coupons
90
Bost. H. & Erie—1st m
85
do
new bonds.
1st mortgage, W. D
116
do
consol,
coupons...
114
1st mort., guar
01%
Cleve. P’ville & Ash., 7s
RAILROADS.
Burlington
Div
117
Bur. Ced.R.& North.—1st,5s
100*
50
Buffalo & Erie, new bds...
1st pref. inc. for 2d mort.
Ala.&Chat.—Rec’rs ctfs,var 105 108
Minn.& St. L., 1st, 7s, guar
Buffalo & State Line, 7s..
113
lstpref. inc, for consol.
Atlantic & Gulf—Consol...
Iowa City & West’n,lst7s
112
110
97
94
Kal’zoo & W. Pigeon, 1st.
Wabash RR.—
116
$90
93% Cent. Georgia—Cons, m.,
91
Central Iowa, 1st
87
106
Det.Mon.&T., 1st, 7s.’1906
Mortg. 7s of ’79
109%
107
Chesap.& O.—Pur.
105
63
Lake Shore Div. bonds...
i
T.&Wab., 1st ext.7s,
124
123*
100
Charl’te
Col.&
A.—Cons.,
100
8s, gold, series B,
95
do
cons, coup., 1st
1st St. L. div.7s,ex mat.cp.
36% 37
! 122
$.... 101
100
6s, currency, int.
95
do
cons, reg.,
120
2d mortgage ext., ex coup
117 417%
42
102
&
Alton—1st
Chicago
95
do
cons. coup.. 2d.
$....1118
Equipment bonds, 7s,
93
E.Tenn.& Va.—6s,end.Tenn
do
Income
110
109%
do
cons, reg., 2d ..
107"
Consol, conv., 7s
113 ,114
Tenn.
&
E.
Va.
Ga.—1st, 7s. 70
105
Sinking fund
75
109
Louisv.&
Gt. Western, 1st m., ex cp
102%! ....
Stock
±98% ICO
Joliet & Chicago, 1st m... $114"
119
116
2d mort., 7s, gold
do 2d m.,7s,’93,ex cp
$....,;110
Georgia
RR.—7s
Louis’a & Mo., 1st m., guar
105
Cecilian Branch, 7s
O. & Tol., 1st, 7s, ’90,ex cp.
110
6s
103%
do
2d 7s, 1900. 100%
105
100
112
Nashv. & Decatur, 1st, 7s.
I11.& So. Ia., 1st m.7s,ex cp
Stock
St. L. Jack. & Chic.. 1st m.
104
L. Erie & West.—1st 6s,
Hannibal & Naples, 1st 7si ids" 107
98
97%
Greenville & Col.—7s, 1st m. 104
Miss.Riv.Bridge,1st,s. f,6s
110
Laf. B1.& Mun.—1st 6s. 1919j
St.L. K.C & N.R. E.& R.,7s 90
109%
7s, guar.
no
100
Manhattan Beach Co. 7s,
122%
Omaha Div., 1st mort.,
1(J5
95
Macon & Aug.—2d, endors.
$....
Consol, mort., 7s
105
N. Y. & Man. Beach 1st
b.,
6s,
1919
Clarinda
109
105
Memphis&
10O
96
5s, sinking fund
117% 11*8** Marietta & Cin.—1st mort..
St.Chas.B’dge.lst, 7s,
2d. 7s
HI
6%
116%
30
Chic. Rk. I.& P.—6s,
28
118
1st mort., sterling
Missouri.
1st
m.,
$116%
North
7s
ioi"
114
100%
Stock
112%
105
9s, 1917, registered
102
97
Metropolit’n Elev—1st,
West. Un. Tel.—1900, coup. $113
118
117
Mississippi
Cent
—1st
m.,
7s
Keok.& Des M., 1st, g., 5s. 113
108
105
Mich. Cent.—Cons., 7s, 1902
1900, registered
2d mort., 8s
106% 107%
10!%
118
Central of N. J.—1st m.,
115
1st mort., 8s, 1882, s. f...ii.
Spring.V’yW.
93
Miss. & Tenn.—1st m., 8s,
92
1st consolidated
102
100
Equipment bonds
Oregon R. &
1st mortgage, 8sf B
108%
assented. 103)4 103%
do
112
HI
6s. 1909
INCOME BONDS.
100% 101%,
78% 78% N. O. & Jacks.—1st m., 8s... no
Convertible
112
103
103% Mo.K.& T.—Cons.ass..1904-6
56
78
56%l.j Central of N. J—1908
Certificate, 2d mort., 8s... 100
$68
do
assented
2d
mortgage,
inc.,
1911
105% 105%
Chic.St.L.&N.O.—2d
m.
33
&
8s.
Norfolk
Petersb.—1st,
107%
30
Adjustment, 1903
101
H. & Cent. Mo., 1st., 1890.
1st mortgage, 7s
65
102% 102%
106
Lehigh & W. B., con.,
104
96% 96% Mobile & Ohio—New m., 6s. 113
Cent. Iowa coup, debt certs. $40
2d mortgage, 8s
51
do
assent’d
130
125
Nash. Chat. & St. L.—1st 7s.
107%
Ind’s Bl. & W’n—Inc., 1919..
Northeast., S. C.—1st m., 8s. 115
103%
50
Anq. Dock & Impr.
N. Y. Central—6s, 1883.
107%
Dec.
&
mortgage,
8s
109
ind’s
Sp’d,
2d
70
69
do
assented
104% 105%
6s, 1887
127%
Int. & Gt. Nortnern—2d
71
Rich.& Dan.—1st consol., 6s 107
102%
110
118
6s, real estate
115
.....
Leh. & Wilkes
55
102%
50
2d mort., 7 3-10,
105
95
114
113
6s, subscription
Lake Erie &
Stock
70
126%
6T
1st m., 7s, $
103
P'5%
N. Y. C. & Hud., 1st m., cp.
Laf. B1.& Mun.—Inc.
Carolina RR.- iat m., 7s.
70%!
12
1st m.. La C. Div., 1893—
70%
11
m.,
reg
do
1st
Mobile& O.—1st pref. deben
$n
Stock
40
|
35
ist m., I. & M4,1897
73
7C
Huds. R., 7s, 2d m., s.f.,’85
2d pref. debentures
7s,
1902,
non-enjoined
3!%'
28%
38
ist m., I. & D., 1899
36
Canada South., 1st, int. g.
116
115
3d
do
Non-mortg.
bonds
26
31%!
1st m., C. & M., 1903
112
109
Harlem, 1st m., 7s, coup..
111
108
4th
do
West Ala.—1st mort., 8s.... 109
Con. sinking fund, 1905...
V2
do
1st m., 7s, reg—
Ori mnr+
ftq nimr.
N.Y.LakeE.&W.Inc.
45*
2d mortgage, 1884
..
ABin
—Tnp ’ 1920. .. ,
N. Y. Elevated-lst, 7s,
109
1st m., 7s, I.& D.Ext.,1908
V. Wiunnni'fn—1st. Rr...
04
6
S.-WfiRt rtlv.. 1st «s. 1909. .
Ontario Silver
Mining.
& Nav. Co.
Oregon Railway
§108
206
200
110
9
§62
(good)
.
.
J.& J.
J.& J.
lfo
Gold
....
1st 6s,gld.
Railroad Bonds.
...
-
Prk.b.1919 107
.
.
39
90%
r
A
.
....
7
m.7s, 1899
m’y fund
int. def.
mi
7s
deferred
mort
1st.,
1883
Nash.—Cons.m.,7s
....
....
«
♦
*
-
*
....
1919
•
•
«
-
’99.
7s,'97
•
7s'
105
1908
’90.
«...
....
1907
Col.Chic.&Ind.C.,inc.7s,1890
km";
....
bonds.
Chic.Mil.&St.P—lst.Ss.P.D
P.D.,1898
g’ld,R.D.,1902
....
....
i
•
*
»
•
•
•
....
....
f
....
Works—1st 6s
Nav.—1st, 6s..
....
g’d..
*
«...
126% 127
127
109%)
89%: 89%
124
*123%
1906 110% 111
A
v
2d Inc...
Inc
B.Coal—1888
W’n—Inc.7s,’99
7.1899
Os.1977
ft#.
.
,#t
,
;;;;!
"
.
"Prices
ncixtasi*
e
Cha’ston—1st,7s
....
1908
cp.,1917
-
....
..
t And accrued
Interest,
t No price to-day;
these are latest quotations made thik week.
i No quotation to-day; latest sale t its
516
THE
CHRONICLE.
NEW YORK
LOCAL
[VOL. XXX.
SECURITIES.
Bank Stock List.
Companies.
Capital.
Surplus
Insurance Stock List.
Dividends.
Price.
1879.
Bid. Ask.
latest
dates. 5
[Quotations by K. 8. Bailey, Broker, 7 Pine Street.]
at
Hark’d thus (*)
are not Nat’I.
I
?
Amount
Last Paid.
Net
Capital.
America4
100,3,000,000 1,545.«00 ). & J.
Exchange. 100 5,000,000 1,504,400 M.&N.
100
Bowery
250,000 108,800 l. & J.
25 1,000,000 1,22 4,400 i. & J.
Broadway
Butchers* & Dr. 2i 300,000
02 200 J. & j.
Central
100 2,000,000
880 00 > J. & J.
Chase
100
67,000
300,000
8
6
11
16
Am.
'80.
V*
16
6
7
3
6
100
6
10
8
Chatham
Chemical
Citizens’
May, ’80. 3m
Jan., ’80 5
Jan., ’84, 8
•Jan., ’80 3
Jan., -80 2H il7
Mar.,’80. 3
133
Jan.,.-’80. 3
M ir., ’80.15
Ja
’80. 3
M <y, ,'80.1
“10
2r0
Ja i., V0. 4
143
Jan., ’80. 3>s|112
Feb ’80. 5
J;n., '80. 3\4\
July ’76. 3
Jan., '80. 3
25
178.600 J. &*j.
450,000
6
100
300,000 3,329 800 til-m’ly 100
25
600.000
167.100 J. & J.
6
„
100 1,000,000 1 521 300 M.&N.
City
40
Commerce
100 -.000,000 2,888.500 I. & J.
8
Continental.... 100 1,000,000
480.100 I. & J.
Corn Exch’ge*. 100 1,000,000
882.700 F.&A. io
,
Kast River
25
tVi.iOO J. & J.
..
250,000
3%
11th Ward*
25
100,000
12,400 I. & .T.
fifth
100
150,000
40.800 1. & J.
6
fifth Avenue*. 100
100,000 222 100
first
100
500,000 2 0;>3.200
12
120
fourth
100 3,C00,000 1,001 80G I. & J.
6
6
Jan.,
fulton
30
600,000 3;5.700 M.&N. 10
7
May,
Gallatin....
50 1,000,000
72 4,500 A.& O.
7
A pi.,
7%
German Am.'
64 100 F.& A.
750,000
2*
Feb.,
German Exch.' 100
65.700
200,000
5
May.
May,
Germania*
100
68,530
200,000
3
May,
Greenwich*.... 25 200,000
20 OOo nl&n!
6
Nov.,
Grocers*
30
23.600 J. & J.
225,000
•Jan.,
Hanover
100 1,000.000
253.100 I. & J.
7
7
;an.,
Imp.& Traders’ 100 1,500,000 1,046,000 J. & J. 14
14
.1 *11.,
50
Irving
.
..
500,000 144000 .1. & 3.
8
8
Jan.,
Island City*... f0
8,400 J. & J.
100,000
3
Jan.,
Leather Manuf. 100
600,000 435.400 j. & r. 11
”8 Jan.,
Manhattan*
50 2,050,000 1,035.100 F. & A
S
7
Feb.,
Manuf. & Mer.* 20
100,000
l(i,500 .1. & J.
July,
Marine
100
400,000 123.600 •J. & J.
3
J in.,
Market
100
500,000 284 100 .1. & J.
Jaa.,
Mechanics’
25 2,000,000
086 S-00 J. & J.
Jan..
Mecli. Assoc’n. 50
500,000
80.50U M.&N.
4
May,
Mech’lc8 & Tr. 25
200,000
42,500
2m July,
Mercantile
100 1,000,000
6
3
18.*.00'4 M.&N.
May,
Merchants’.
50 2,000,000
7
683.700 •J. & J.
Jau.,
Merchants’ Ex. 50 1,000,000
167.600 J. & J
5% Jan.,
Metropolis*.
100
300,000
7
55.600 •) & J
Jan,,
Metropolitan
100 3,000,000 1,200 200 f & 9
10
9
J n.,
Murray Hill*.. 100 100,000
73.5 0 J. & J. 12
12
Jan.,
Nassau*
100 1,000,000
5
5
61,100 M.&N.
May.
New Ycr»
100 2,000,000
7
837.8*30 .1. & ,).
8
Jan.,
N. Y. Couutv.. 100
200,000
8
8
41.700 I. & .1.
Jan.,
N. Y. N. Exch. 100
300,000
SO 900 F.& A.
8
Feb..
Ninth
100
750,000
111.5U0 J. & J
Jan.,
No. America*.. 70
700,000 144 600 ■I. & J
July,
North River*.
30
240,000
67.5 0 J. & J.
"7 Tan.,
Oriental*
25
300,000 172.800 J & J. 10
8
Ian.,
Pacific*
50
422,700 215.200 Q-F. 10
10
May,
Park
100 2,000,000
6
427.800 •J. & J.
6
jau.,
People’s*
25
8
125.400 J. & J.
7
412,500
J an.,
Phentx
6
2011,000,000 193.600 J. & J.
3
Jan.,
Produce*
....
.8*
'
.
...
Q-J.'
Apr.;
"
*
...
P
..
.
.
,
.
..
•
.
.
V*
.
.
.
501
Republic
100
St. Nicholas... 100
Seventh Ward. 100
8econd
100
Shoe & Leather 100
Sixth
100
State of N. Y.. 100
Third
100
Tradesmen’s... 40
Union
50
^est Side'
100
125,0< 0
7,000
1,500,000
500,000
300,000
300,000
500,000
200,000
800,000
1,COO,000
1,000,000
1,200,000
200,000,
133.500
*3*
56.800 jV& J
109 300 J. & J
158.300 J.& J
35 500 J.& J
274.600 M.&.N
138.200 •J. & J,
280 000 J. & J.
746.700 M.&N
iifl.«c:o J. & J
9
10
6
7
3
bowery
Broadway......
Brooklyn
Citizens’
'80, fill's
80. 3m
114
'80.
German-Amer,
Germania
Globe
Greenwich
Guardian
Hamilton
Hanover........
Hoffman
Home
Hope
Howard
146
Jefferson
121
Jan.
Knickerbocker
Lalayette(Bkn)
2>»jl0J
100
lOO'ls
6
3
4
4
154
’80. 3V
’80.
’77. 3*
’80. 3H
’80. 4
’80. 2%
'80. 3
10
8
’80. 4
’80.
Jan., ’80.
May. ’80.
Jau.. ’80.
7
8
12
S The figures in this column
are of date
and of date March
20,1880, for
135
116
3V
;an.,
314
5
6
April 23, 1880, for the National
banks
the State banks
Gag-and City Railroad Stocks and
Ronds.
Gas
Par.
,
Metropolitan
”...
bonds
do
25
Va •.
100
10
People’s
(Brooklyn)
do
do
bonds
do
do
certificates.
Central of New York
Williamsburg
scrip
Var.
50
50
100
100
Municipal
fulton
1,000
Var.
Metropolitan, Brooklyn
do
50
20
50
100
1,000
scrip
New York
do
20
1,C00
100
Nassau, Brooklyn
_
25
V*r.
Mutual, N. Y
do
bonds
+j
Amount. Period.
2,000,000 Var.
1,200,000' Var.
815,000 A. & O.
1,850.000 F.& A.
750,000 J. & J.
4,000,000 I. & J.
2,500,000 M.& S.
i,ooa, 000 M. & S.
5,000,000 Quar.
1,000,000 F.& A.
1,000,000 Var
M.&N.
M.&N.
J. & J.
M.&N.
300,000 J. & J.
700,000
4,000,000
1,000,000
300,000
466,000
1,000,000
F.& A.
Quar,
1,000,000 J. & J.
1,000,000 M. &N.
1,500,000
.......
750 000 M. &N.
Municipal
100
Date.
«
Bid. Ask.
*
5
May, '80 125
2t4 Feb;, ’80
7
3
1898
Bleecker St. & Fult. Ferry—St’k
1st
mortgage
Broadway & Seventh av-St’k
1st mortgage
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock
Brooklyn & Hunter’s Pt.—St’k
..
1st
mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Central Pk. N. & E. niv.—Stock
Consolidated mort. bonds
Christopher & Tenth St.—Stock
Bonds
Dry Dock E.B.& Batt’ry—Stock
1st mortgage, consolidated
Eighth Avenue—Stock
1st mortgage
..
42d St. & Grand St. Ferrv—St’k
1st mortgage
Central Cross Town—Stock
1st mortgage
Houst.West St.& Pav.F’y—St’k
1st
mortgage
Second Avenue—Stock
3d mortgage
Consol, convertible
Extension
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
mortgage
Twenty-third Street—Stock.
1st mortgage
Mech’lcs’(Bkn)
Mercantile..
Merchants’,....
1877. 1878. 1879.
475,871 15
10*s
6.>,545
388,940
300,404
196,417
10
20
18
20
20
10
11
200,000
200,000
200,000
200,000
150,000
500,000
200,000
3,000,000
lf;0,000
500,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
200,000
250,000
200,000
150,000
200,000
200,000
200,000
200,000
200,000
210,000
200,000
200,000
300,000
500,000/
350,000
200,000
200 000
150,000
150,000
120 806 20
685,945 10
54,536 10
1,320,785 10
4,089 10
116,815 12
78,922 12
6,488 13
290,776 10
193,<H4 20
4,938 10
134,907 20
97,680 10
31,104 10
253,533 20
34,202 10
•182,909 12
140,928 20
238,166 30
163,590 20
36,832 10
150,762 20
109,951 18
147,011 20
101.513 14
316,395 20
130,185 17 20,068
1,065 10
5! ^,458 12
108,148 11
390,052 20
89,737 20
190,043 20
103,739 18
467,0*6
43,577
1.000,000
200,000
300,000
26,725
175,334
200,000
200,000
10,841
200,000
500,000
169.090
200,000
200,000
300,000
250,000
300,000
250,000
10
20
20
20
20
136,442
875,(>66 ib
752,754 30
118,251 20
343,749 40
22,908 10
1,000,000
1,000,000
Montauk (Bkn)
Nassau (Bklyn)
National
3714
N. Y. Equitable 35
New York Fire 100
N. Y. & Boston 100
New York City 100
50
Niagara
North River.
25
Pacific
25
Park
100
Peter Cooper... 20
50
People’s...
Phenix
50
Relief
50
100
Republic..
25
Rutgers’...
St.Nicholas.... 25
50
Standard...
Star
100
100
Sterling
25
Stuyvesant
Tradesmen’s.... 25
United States.. 25
10
Westchester..
50
Wllliamsb’g C
....
Dividends.
14
10
20
20
200,000
20
153,000
20
300,000 486,579
163,429 17m 10-72
210,000
18
130,25
i
12
250,000
2,125 5
N’ne
300,000
112,401 25
18
200,000
1,000,000 1 108,151 1250 13 40
544.412
20
20
300,000
73,858 14
10
200,000
99,155 15
10
200,010
138.833 15
15
200,000
68,936 12
10
204,000
76,147 12
11
150,000
400,000
200,000
300,000
121,591
28,519
137,084
102,389
215,455
121,502
443.695
4
5
5
Feb.
’78
Jau.,
June,
’80
’79
Feb
’80
,
3W> Feb., ’80
1 >4
Ju'y,
2V,
Feb., 'P0
Nov, ’7o
May, ’79
’79
1882
4
3*4 Jan., ’76
7
1897
3>4 Jau., ’80
Aug., ’79
10
22
10
30
7
Jan.,
Jan.,
I)ec.f
Feb.,
Jan.,
Ja-'.,
Feb.,
Jan..
July,
ib ' Jan.,
1365 Jan.,
15
Apr.,
10
Jan.,
0eb.,
10
15
Jan.,
Jan.,
Jan.,
Jau.,
Jan.,
Jan.,
8m
11
7
10
14
10
30
7
’80. 6
'80. 5
’79.10
’80. 8
’80.10
’80.10
'80. 5
'80. 5
’77. 5
’80. 6
’80.6-85
’80. 7Vt
’80. 3V
’80. 5 ~
80.
7\£
3V
’80.
’80.
’80.
’80.
'SO.
Jaa., •so.
Jan.. ’80.
Jan., ’80.
Jan., ’80.
Ian.. ’80.
20
10
10
Jan.,
Jan.,
Jan.,
Jan.,
3M
5
10
J an.,
8>a
Mar.,
Jan.,
10
20
5
14
10
10
13
5
12
10
20
20
10
13
10
1
Bid. Ask*
5
5
5
7
Jan.. ’80. 5
17J^ 1214
10
10
10
10
10
10
10
10
20
5
Price.
Last Paid.
Jau.,
Jan.,
10 10
16
10
12
10
20
20
10
16
12
20
20
10
10
15
20
14
L2
N’ne
N’ne 5
11
12
10
8
20
30
12
12
20
20
12
12
10
15
20
10
10
10
5
10
20
20
20
9
10
10
12-35 623
9-73
179; 12% 12
10
10
8Hj
14
16
10
10
20
10
12
16
11
10
10
10
20
20
l20
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
7m
3m
7m
5
5
■80. 5
’79. 3m
’80. 5
’80. 5
’80. 3
'80 5
’80.10
’80. 5
’80. 5
’80. 5
’80. 5
’80. 5
’80. 4
’80. 6
’89. 5
*80. 6
80. 7
’80. 5
’80. 5
’80. 5
Jan., *80. 5
Jan.,
j.,
*
123*
117
130
140
8?m
....
105
177
185
05
100
120
95
115
.
145
137
110
250
60
130
160
80
130
55
100
05
60
135
170
50
117
100
85
130
135
100
150
150
ttt|
100
110
130
140
115
70
135
165
90
133
....
....
102
70
141
*
-
•
*
136
83
140
105
160
lO
123
115
155
100
no
60
Jan., ’79.
5
’80. 6
’80. 4
’80.10
’80. 6
V0.10
Jan
’80. 6
Jan., ’80. 5
Jau., ’80. 5
Jan., ’80. 3m
Jan., ’80.10
Feb , *80. 3
,
107
105
160
’80 5
’80. 5
Jan.,
Apl.,
Jan.,
Jan.,
Jar>.,
200
2:6
....
Jan.,
Jau., '80, 7
Fe
125
9S
185
195
182
190
140
100
205
108
180
105
125
....
70
160
55
Ian., ’80.6-23 125
102
Jan., ’80. 5
Feb., ’80. 3m 70
115
’80
§
Ian.,
100
Jan., ’80. 5
120
Ja u, ’80. 5
Jan , ’80. 5
•Ian
203
’80.10
130
160
109
165
120
70
65
145
L10
•
•
«
115
112
130
90
“5
165
70
130
105
80
120
105
127m
110
.
5
6
Jan., ’80
1886
(1,50J,000|
...
100
1,000
900,000^J.
& j.
J.
& J.
694,000
2,100,000 Q—J.
1,000 1,500,000 J. & D.
JO 2,000,000 Q-F.
1,000
300,000 M. & JN
100
200,000 Q-J.
100
400,000 A. & O.
1,000
300.000 J. & J
100
500,000 J. & J.
100 1,800,000 J. & J.
1,000 1,200,000 J. & 1).
100
650,000 F.& A.
1,000
250,000 J. & J.
100 1,200,000 Q-F.
500&C
900,000 J. & D.
100 1,000,000 Q-J.
1,000
203,000 J. & J.
100
748,000 M.&N.
1,000
236,000 A.& O.
100
600,000
1,000
200,000 M.&N.
100
.
100
500
100
1,000
1.000
100
70
170
110
95
500,000!J
.
& J.
1,199,500 J. & J.
150,000 A.&U.
1,050,000 M.&N.
100
1,000
415,000 J.& J.
2,000,000 Q-F.
1,000 2,000,000 J & J.
100
600,000 F. A A.
1.000
250.000
.N,
*
H Jan.. ’60
7
J’ly.1900'
2
7
Apr., '80
19
21
101
98
88
9234
July, '84 102J4 IO034
334 May, ’80 160
165
7
3
2
7
Nov., ’80i 102
Apr.. ’SO 140
Apr., ’80
95
1888
102J4
2H Jan., ’80
3
Jan., ’80
7
85
78
Dec.1902 107
2m Feb., ’80
7
3
7
3
7
6
7
7
250.000
200,000 M.& S.
750,000 M.&N.
100
1
7
2V
7
7
7
5
7
5
7
4
7
1890
[Quotations by Daniel A. Moban, Broker, 27 Pine Street.]
Rate.
NtW York:
Water stock
1841-63.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ctstock.1865.
do
pipes and mains...
do
reservoir bonds
Pbiob.
D75.
1865-68.
Improvement stock.... 1869
do
ao
...,18t9.
Consolidated bonds
Street imp. stock
var.
do
New Consolidated
var.
var.
do
Westchester
County...
Bonds
due.
....
101
106
109
120
125
120
109
116
1*5
116
120
108
116
118
108
105
116
119
109
102
103
101
102
126
125
123
109
103
1880-1883 106
1880-1885 114
116
1924
1907-1910 113
103
111
127
127
124
do
do
do
.
Consolidated
Asses-ment
Bid. Ask.
100
105
104
106
112
118
108
115
122
115
118
107
115
115
107
102
-115
118
107
1880
1890
1883-1890
1884-1011
1884-1900
May & November.
Feb.,May, Aug.& Nov. 1907-1911
do
1898
do
do
do
1895
1901
May & November.
1898
1894-1897
May & November,
do
1880
do
do
1890
do
do
1901
do
do
1888
do
do
do
1882
1896
January & July,
do
1894
do
1926
Quarterly.
1884
May & November.
1870.
Market stock
Payable.
do
do
do
..1853-65.
do
Months
Feb., May Ang.&Nov.
Central Paik bonds. .1853-57.
do
no
Dock bonds
110
150 r
100
105
8234
6234
00
119
110
160
Jan.. ’84 100
May, ’80 170
Apr., ’93 110
25
Nov.1904 99
20
July, ’94 98
Jan., *80 55
Apr., ’85 100
Mav
City Securities.
[Quotations by N. T. Bebbs, Jr., Broker, 1 New St.]
95
May, ’80
June, ’93
Apr., ’80
May, ’88
Sept..’83
M iy, ’77
July, ’90
May, *80
July, ’90
Feb.,’90
t Surplus
Interest.
102
80
104
60
100
102
40
100
85
60
75
50
70
95
60
160
105
90
im Jan.. ’80
334 Jan., ’80
2V Jan., ’60
re-lnsurance, capital and scrip.
72m
105
80
160
198
75
3
*
Over all liabilities, including
Includes scrip.
lJOx
70
300
75
150
195
137
100
75
100
55
95
100
35
95
[Quotations by H
1st
Longlsl.(Bkn;f
Lorillard
Manuf.& Build.
Manhattan
Mech.&Trad’rs'
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
25
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
Amount
Jan. 1,
1880.*
a5
Companies.
Brooklyn Gas Light Co
Citizens’Gas Co (Bklrn)
do
bonds
Harlem
Jersey City & Hoboken..!’.!!!!!;
Manhattan....
„
Lamar..
Lenox
.
Jan., ’SO 3
May, V0. 3m
7
-f-
Kings Co.(Bkn)
’80. gm 74
’7b.
’79.
V0 3%'132
'80. 3
lbO
’SO. 3m
V0. 5 149
’80.
’80.
Importers’* T..
Lrving
..
’80. 4
’80.
Firemen’s Tr..
Franklin&Kmp
233
’80.
..
Firemen’s
118
137
’8*4. 4
’78. 3
’80. 4
80. 3H
79.
’80. 3m
'80. 4
...
Eagle
’80. 2H
’80. 5
'80. 3
79. 3
’77. 3
’80.
’80.
Clinton
Columbia
Commercial
Continental., t
Empire City....
Exchange
Farragut
..
4
1
City....
‘
8
6
7^
,
American
+ 50
American Exch iOO
‘275
5
m
Par.
118
’80.
’79. o
1001*;
July, ’74. 3 m
6^ Feb., V0. 4
130
140
3
Jau., V0. 3
Jaa., ’8). 3
”8 Jan., ’80. 5
'
“b
671.700 F.& A
143
Surplus,
Companies.
110
87
125
115
175
110
180
115
30
103
Brooklyn—Local im ir’em’iCity bonds
do
Park bonds
Water loan bonds
Bridge bonds..
Waver loan.
City bonds...
Kings Co. bonds
do
do
Park bonds
Bridge
•All
ibi
....
7
7
7
7
7
6
6
7
6
5
6
January & July,
do
do
io
do
do
do
do
do
do
do
ac
do
May & November.
do
no
January
do
a
July.
do
1879-1880
lSol-1800
1915-1924
1900-1924
1904-1912
1899-1905
1881-1895
113
115
111
116
138
115
Brooklyn bonds flat.
60
92*4
93
125
HO
150
103
1< 8
’PS 1041/
-
10234
95
98
115
165
105
112
[Quotations by C. Zabbiskib, 47 Montgomery St., Jersey City.]
Jersey CUy—
Water loan .long..’
do
1869-71
Improvement bonds
1868-69
Bergen bonds
January & July.
January St July.
J. & J. and J St D.
January and July.
101
1805
1809-J.0O2 107
189 V 94
1900
105
100
L02
m
JOB
'.01
'
517
THE CHRONICLE.
1880.]
Mat 15,
miles. The Norway branch, l/£ miles, was
opened on the 30th December, increasing the mileage worked
by engines of the company to 1,273^.
The charges for maintenance and renewals of road and rolling
stock compare with 1878 as follows:
Expended on—
1879.
1878.
reduced to 1,266
purest weuts
AND
STATE, CiTT AND
CORPORATION FINANCES.
INVESTORS’ SUPPLEMENT
The Investors’ Supplement is issued every other month,
the next number will be published Saturday, June 26.
Way, stations and
THE
e
and
■
INDEX
The following
is
SUPPLEMENT.
index to all reports and items heretofore
SINCE APRIL
an
published in the,. Investment
Department of the Chronicle
the Investor’s Supplement; annual
black-facedLoui8v.
type N.
:
Albany & Chic.434, 466
463 Louisiana
State Bonds
493
since the last issue of
reports are indexed in
Allegheny Valley
Atchison Top. &SantaFe.433, 491
Atlanta & Charlotte Air-Line ..432
Atlantic & Great Western
465
...
Atlantic & Pacific
.
433
493
Augusta & Knoxville
493
Baltimore & Potomac
Boston Hoosac Tunnel & W.... 493
Boston Water Power Co
464
464
433
433
Cairo & St. Louis
Central Iowa
Chic. Mil. & St. Paul
Chicago & Northwestern..433, 493
Chicago & Pacific
433
Chic. & Western Indiana
493
Chicago Rock Island &Pac... 465
Chicago St. Louis & N. 0
465
Chicago & Toniali
465
Cincinnati
465
Cincinnati Hamilton & Dayton 465
Cin. Wabash & Michigan
433
Connecticut Western
465
465, 493
Dallas & Wichita
Dubuque & Dakota
Delaware State Bonds
Denver & Rio Grande
493
493
493
Framingham & Lowell
493
Georgia Railroad
Georgia State Bonds
Grand Rapids & Indiana
Grayville & Mattoon
434
465
463
493
Housatonic
493
4 64
464
Canada
Greenwood & Augusta
Great Western of
Indianap. Delphi & Chic
434
Kansas City F. S. & Gulf.463, 465
Kan. City St. Jo. & C. B
466
Iiake Ontario Southern...434, 466
Lake Shore & Michigan So
490
434
Laurens Railroad
Local Indebtedness of Ohio.... 466
Louisville & Nashv
493
ANNUAL
493
Manhattan Beach Co
466
466
491
Maryland Union Coal Co
Memphis & Little Rock
Michigan Central
Mil. Lake Shore & Western
—464
432
Mobile & Ohio
Sioux
«t94
City & St. Paul
494
South Carolina RR
Southern Minnesota
Sutro Tunnel
433, 467
RR. Bonds
Toledo Peoria & Warsaw
Township Bonds
Tenn. State
..
434, 494
431
454
REPORTS
31, 1879.)
Dec., 1878 >
£
925,585
1,550
978,202
924,034
at rate of 72*87 per
cent, against 76*70 for Dec. half of 1878
712,807
708,757
265,395
215,277
11,836
10,099
277,231
225,376
International Bridge capital..
626
224,750
Leaving
277,231
The surplus in 1879 was applicable to the following payments,viz.:
£
Interest, &c., paid on lands
2,992
British American Land Co. debentures
617
not retired
,
“
“
616
2,700
Montreal Seminary debentures
Island Pond debentures.
6,925
Deduct interest on loans,
&c
—
357
6,568
Atlantic & St. Lawrence lease
Lewiston & Auburn Railway rent—
Detroit line lease
Montreal & Champlain bond interest
Buffalo & Lake Huron rent
equipment bond interest
2d equipment bond interest
5 per cent perpetual debenture
1st
stock
Showing a balance of
The amount
brought forward from
52,540
1,849
11,250
8,530
35,000
July 1,1878, Jan. 1,
paid for interest on 1st
rnort. bonds—
$559,397
$161,103
1879
72,112—$233,216
771
23,707
Due syndicate
For commissions for same
For legal expenses
For 100 box freight cars
42,105— 299,799
-
$259,597
Out of which is to be
paid interest on 1st mortgage bonds due
prior to and including
on
$99,488
July 1,1879
Taxes for 1877-78 and 1878-79
Balance
To meet which, I have—
Balances due by agents and corporations,
Balances due by U. S. Government
29,599
130,509— $259,597
69,999
5,545
184,051
&c
hand
of the property a con¬
substantially the same form
General Superintendent
operations of the years
1878 and 1879, without making any distinction between the
periods in 1878 during which the road was operated by the
company, from Jan. 1,1878, to Sept. 30, 1878, and the Receiver,
from Oct. 1, 1878, to Dec. 31, 1878. It will be observed that, as
compared with 1878, the earnings of 1879 show an increase in
all of the several departments. The expenditures, as was
to have been expected from the condition of the property at
the commencement of the receivership, show an increase as
compared with 1878. The relative amount of the expenditures,
as shown by the report of the general superintendent, which
include the unpaid taxes heretofore referred to, are:
For expenses of operating other than repairs
1878.
1879.
$310,962
and renewals.-.i
$323,848
With a view of furnishing the owners
tinuous record of its operations, in
as has heretofore been observed, the
has submitted his report covering the
Repairs locomotives
Repairs cars
Repairs buildings
Repairs roadway
General expenses,
and water stations
including unpaid taxes
..
4.8,309
64,993
6,113
136,643
60,320
79.402
62,282
18,955
190,939
51,735
$714,278
heavy expenditures
$640,230
Total
The Receiver says: “ Notwithstanding the
for repairs and renewals
a
iture will be required during the year 1880.
incurred in 1879, still further expend¬
The locomotives,
12,645
15,000 though much improved in condition as compared with one year
69,752 ago, will, on account of the heavy service performed during the
213,134
busy season of 1879-80, require something more than the aver¬
64,097 age expenditure to put them in efficient working condition for
277,232 the season of 1880-81” * * *
“A contract has been made for the delivery of 3,000 tons of
the preceding half-year,
£1,642, makes, with the above balance from the past half-year
of £64,097, a total of £65,740, out of which a dividend for
half-year at the rate of £4 per cent per annum on
the
the first
preference stock has been paid, absorbing £64,300, and leaving
£1,440 to be carried to the .next half-year’s account. On the
13th of August, the Riviere-du-Loup section, comprising 118%
miles, was transferred to the Dominion Government, thus
reducing the length of railway worked by the company from
1,390% to 1,272 miles. An additional length of six miles was
also transferred to the Government, but as the company retain
running powers oyer it, and the full use of it, that length is
included under the head of “mileage worked by engines,”
though the length of railway maintained during the year is
Total net liabilities
Out of which has been
$259,597
Deduct working expenses,
“
extra tonnage conveyed.
of the working expenses (excluding mainte¬
nance and renewals) to the gross receipts fell from 44*09 to 43*59
or 0*50 per cent, and, as already stated, they were also lower in
that for maintenance and renewal of road and rolling stock,
thus decreasing the relative proportion of the whole charges 3*83
per cent. The amount charged against capital account during
the half-year was £38,854. Four sections of the Chicago & Lake
in consequence of
The proportion
Cash
receipts upon the whole undertaking,
£
been 978,202
postal and military bds.
charges as above on
454
Virginia State Finances
Wab. St. Louis & Pac
West Jersey Railroad
West Side <fc Yonkers
432
467
434
467
467
Valiev, of Ohio
includ. the Buffalo & Champl. lines, have
Less discount on American currency
on
29*28
32*61
the permanent way, &c., were
decreased principally by the reduction on the mileage main¬
tained, whilst the expenditure for engines and cars was mcreased
The
supplies the
South
Dec., 1879.
Less int.
£286,403
the
still in
(For the half-year ending Bee.
Add interest on
!
cent
434 Huron Railway were purchased during the half-year, and the
contract for the construction of the remaining section was let
New Orleans City Debt... .466, 494
N. O. Mobile & Texas
466 on the 2d September, 1879. The whole line, now called
New Orleans & Pacific
434 Chicago & Grand Trunk Railway, has since—though
N. Y. Central & Hudson River. 494
course of improvement—been opened for traffic.
N. Y. Lake Erie & Western
494
N. Y. Penn. & Ohio
494
Sonth Carolina Railroad.
N. Y. Woodhaven & Rockaway 494
(For the period from Oct. 1, 1878, to Dec. 31, 1879.)
Ogdensb. & L. Champlain
494
434
Obio & Mississippi
The report of Mr. John H. Fisher, Receiver,
Paducah & Elizabethtown
432 following information.
Pennsylvania Co
431
The report of operations during the receivership of the
Pennsylvania RR
434, 494
Peoria Decatur & Evansv
434 Carolina Railroad from the first day of October, 1878, to Decem¬
Philadelphia & Reading...434, 494 ber 31, 1879, inclusive, gives the following:
Port Royal & Augusta
466 Gross earnings
$1,423,340
466 Expenses
Quicksilver Mining Co
874,177
467
Quincy Missouri & Pacific
Net earnings of road
$549,162
St. Louis Iron Mount. & So
434
Balance of amounts received—
St. Louis & San Francisco...... 433
$6,813
Savannah & Memphis
467 Assets South Carolina Railroad Co
2,872
Schuylkill Navigation Co
431 Interest on deposits
548— 10,234
Selma Rome & Dalton
434 Premiums
Minneapolis & St. Louis
Grand Trunk of Canada.
The gross
68,680
£301,362
69,657
Cars
Total
Of gross receipts per
£171,933
60,749
£151,975
64,771
buildings
Engines, workshops, &o
if practicable, addi¬
of the orders already
the following
The earnings ana
steel rails during the summer of 1880, and,
tional purchases will be made to the extent
issued by the Court.”
.
The General Superintendent’s report furnishes
details of operations for the year 1879.
expenses were as follows: EARNINGS.
1878.
Freight
Passengers
Express
Mail
Other sources
Total
1879.
Increase,
$319,067
510
201,938
10,346
17,174
3,498
$14,148
18,296
2,083
2,645
2,987
$1,011,861
$1,052,023
$40,162
183.641
8,262
14,528
516
898778811
rHE CHRONICLE.
The railroad heretofore owned by, and known
aa, the Southern Min¬
Railway, together with its extensions and branches, has been
i purchased by this company, nearly the whole capital stock having been
$*.
' previously acquired. The railroad so purchased consists of about 385
miles of road, extending westerly from La Crescent, in the State of
2,312
Minne¬
to Flaudreau and Sioux Falls, in the Territory of Dakota, and a
| sota,
branch from Wells to Mankato in the State of Minnesota.
The bonds
8,585
are secured by a first
mortgage upon the entire line of road, and are
dated January 1,1880. payable January 1, 1910, and carry semi-annual
coupons.at the rate of 6 per cent per annum, payable July and January.
1879.
No. 1 to
EXPENSES.
1878.
1879.
Conduct’g transportation.. $220,233
Motive power...
Maintenance of cars
Maintenance of way....
General expenses
136,643
60,320
187,270
62,971
190,939
51,735
$640,230
$714,278
65,283
...
Total
Increase.
$221,362
157,748
Decr’se.
$1,128
29,521'
54,295
$74,048
1878.
Net earnings
Ratio of expenses to earnings
-
$371,631
$337,745
63 3
67’9
FREIGHT TRAFFIC—TONNAGE.
The number of tons carried
during the two
Eastward.
years was:
137,784
113,221
252,366
251,005
Inc. 5,660
Dec. 1,361
7,021
one
mile
was:
29,993,411
29,001,568
Decrease
991,843
mile
was:
Tn cents
The average cost per ton per
mile
1879.
2-80
was
160
;
1*80
Camden & Atlantic.
(For the year ending Dec. 31, 1879.)
EARNINGS.
Passenger
Ferry
EXPENSES.
$311,538
46,842
82,887
;
Freight
Express
May’s Landing KR
Prein. on 2d liiort. bonds.
30,382
3,359
7,305
Miscellaneous
10,156
Total
Total earnings for
$495,472
1878..
399,060
Conduct’g transportation
f213
new
was
tons
of
iron
ferry steamer
bought.
year 331
63,128
52,064
21,299
32,771
Express
City horse
13,387
5,202
cars..
Ferry
May’s Landing Branch...
Total
During the past
$65,392
Motive power
Maintenance of way
Maintenance of cars
General expenses
Atlantic
.certificates of said Southern Minnesota
and branches
Railway Company
.
30,033
10,066
$293,345
Expenses for 187S
277,847
tons steel rails were laid and
rails, several buildings were erected, a
put on and a new passenger engine
was
GSNERAIi INVESTMENT
NEWS.
Burlington & Missouri River in Nebraska.—At the an¬
meeting of stockholders in Nebraska the proposition for
consolidating with the Chicago Burlington & Quincy was rati¬
fied. The basis is to issue twenty-one shares of
Chicago Bur¬
lington & Quincy stock for twelve shares of Burlington &
Missouri in
nual
Nebraska stock.
Central Iowa.—A circular of the company, addressed to the
first mortgage bondholders, says that
notwithstanding the
strike of the coal miners there was a gross gain in
February of
With a partial resumption of coal traffic, the approxi¬
mate for March, 1880, gives $89,500
gross, with $46,500 net, as
against $54,500 gross, with a net of only $16,600 in March, 1879.
$13,000.
Cheshire.—The annual report of the directors states that the
use of the road between Ashburnliam and
Fitch¬
burg has been reduced to $51,000 per annum. The company
formerly paid $54,000, and was required by the terms of the
rent for the
lease to pay an addition of ten per cent
upon the completion of
the double track, amounting in all to~ $59,400, so that the
reduction obtained was $8,400. This amount is to. continue
until August 1, 1881, when the lease entitles either
party to
another revision as to amount of rent to be
paid. The directors
agreed with the directors of the Monadnock Railroad
lease of their road for
for
876,000
$7,000,006
There is also
provision in the mortgage for a further issue of not
exceeding $2,000,000 for building an extension fron Mankato to Min¬
neapolis, at a cost of not exceeding $15,000 a mile of completed road,
fully equipped, for which application will be made to have the increased
amount put upon the stock list at some future time.
a
HASTINGS & DAKOTA
DIVISION.
First mortgage 7 per cent bonds- on the
Hastings &
Division. The company in its official application says:
Dakota
court and undecided.
$357,600
This company has purchased the railroad of the
Hastings & Dakota
Railway Company, together with the franchise and privilege of extend¬
ing. The completed road purchased is 128 miles in length, extending
from Glencoe, in the State of Minnesota, westerly to the State line at the
foot of Big Stone Lake, aud the issue of $2,560,000 of 7 per cent bonds
of this company is authorized, together with a further issue at the rate
of $15,000 a mile for the construction and equipment of extensions from
time to time. Application is hereby made for placing upon the stock
list of the New York Stock Exchange 2,560 bonds of the Chicago Mil¬
waukee & St. Paul Railway Company, of $1,000 each, numbered from 1
to 2,560 inclusive, bearing date January 1, 1880, and payable
January
1,1910, carrying semi-annual coupons at the rate of 7 per cent per
annum, payable July 1 and January,!•
Said bonds to be known as ‘ Chi¬
cago Milwaukee «fe St. Paul Railway Company 7 per cent first mortgage
bonds, Hastings & Dakota Division, 1910.’ Application will be made
hereafter on further issue of said bonds as provided from time to time
as
the road shall bo constructed.”
Chicago & Paducah.—At Springfield, Ill., May 8, in the
United States Circuit Court, in the matter of the Farmers’ Loan
& Trust Company vs. the Chicago & Paducah Railroad Com¬
pany
et al., the sale of the road,* which
made
was
$580,900
2,500
569,437
Leaving a balance on band of
$11,463
The earnings of the road for the year ended
September 30,
1879, were as follows : Local passengers, $30,939 ;
through pas¬
sengers, $103,620 ; total passenger earnings, $134,560; local
the 6th day
Ridgeley, for $1,750,000, was confirmed, forty thousand dollars
being paid down in cash.
Cleveland Columbus Cincinnati & Indianapolis.—This
company having been requested by some bondholders to cancel
the sinking fund clause contained in the consolidated mortgage,
and to permit the said bonds to run until their maturity in the
year 1914, notice is given that any of the holders of the consoli¬
dated bonds may present their bonds at the United States Trust
Company, in the city of New York, where an indorsement will be
placed upon them cancelling the sinking fund clause, and all
bonds so indorsed will hereafter be excluded from redemption
prior to their actual maturity in the year 1914, but for any
bonds outstanding not so presented and indorsed this company
will continue to deposit the sinking fund pro rata with the trus¬
tees, and such bonds will remain subject to redemption by the
sinking fund as in the original deed of trust provided.
Columbus Chicago & Indiana Central.—A report for Febru¬
ary, filed in the United States Court, shows that the earnings
were $356,798 ;
operating expenses, $280,120; net earnings,
$76,672. The net earnings for January were $133,149.
Delaware & Hudson Canal.—The following is the official
comparative statement of business of the railroads owned and
leased by the Delaware & Hudson Canal Company during the
of the amount
month of March, 1880:
Railroads.
1879.
1879.
Earuings.
Expenses.
Net.
$53,741
$49,354
49,228
35,998
9,653
$103,095
Albany & Susquehanna.
Rensselaer «fc Saratoga..
94,436
New York & Canada
32,179
45,208
60,473
22,525
$326,453
$182,218
563.223
$144,234
381,635
181,587
$563,854
$325,822
96,741
Total.
Previous.
*
Total to date.
$889,676
Railroads.
1880.
1880.
Earnings.
Expenses.
$53,405
64,616
73,479
Pennsylvania Division
Albany & Susquehanna...
$96,547
Rensselaer &
156.559
65,471
...
Saratoga
...
New York & Canada/.....
Total...
Previous
Total to date
209^337
on
ofjp April, 1880, to John J. McCook, James Farrish and Charles
a
a term of six
years at an annual rent of
$12,000, with the option to extend the same for another term of
five years at $13,000, and for another term of five
years at
$14,000, and for another term of five years at $15,000,‘ each of
such extensions being at the option of the Cheshire
Railroad
Company. The stockholders of the Monadnock Railroad have
voted to ratify said lease. The matter of the attachment
upon
property of the Boston Barre & Gardner Railroad is still in
The debt due July 1, 1880, was
1880 bonds taken up and destroyed
1880 bonds on bands
Cash on hand and investments at tbeir cash value...
.$6,124,000
and
“
1878.
2-68
In cents
7,000, each for $1,000. The bonds issued are to provide:
up outstanding bonds and trust company’s
taking
Total.
,
The average revenue per ton per
1. For
completing the line from Flaudreau to Sioux Falls
for permanent improvements and equipment
144,805
The number of tons carried
nesota
2. For
Westward.
107,561
Decrease
[VOL. XXX.
117,030
31,721
.
52,413/
83,080
33,749 -
January
February
March
3C.)$6,212
3,185
47,082
24,085
$435,609
726,073
$223,223
$212,385
294,359
$68,150
4:31,714
$1,161,682
$654,937
$506,744
$180,922
Flint & Pere
statement of the
Net
increase.
Net.
Marquette.—The following is
earnings of this company :
a
112,771
comparative
1879.
1880.
$77,411
$109,992
118,024
77.520
98;427
147,013
102,129
130,740
freight, $21,394 ; through freight, $310,199 ; total freight April
earnings, $331,593 ; United States mails, $7,738 ; miscellaneous
Total...
$355,488
$505,769
and express, $13,557; total
Increase
earnings, $487,449. The total
150,281
expenses of operating the road were $399,694.
Balance of
Green Bay & Minnesota.—This road was to have been sold
earnings, $87,754. Balance of interest paid, including interest
April
28, but it is reported that the sale has been indefinitely
-on bonds, $47,899.
Net earnings for the year, $39,854.
postponed, at the request of the bondholders.
Chicago Milwaukee & St. Paul.—The Stock
International & Great Northern—New York & Texas
mittee has admitted to the Board list the first Exchange com¬
Land Company.—Certificates of stock and land scrip of the
mortgage
6
per
cent bonds, to be known as the
Chicago Milwaukee & St. Paul New York & Texas Land
(limited) are now ready for
Railway Company first mortgage bonds, Southern Minnesota delivery to persons holdingCompany
the Purchasing Committee’s receipts
Division. Following is an extract from the
company’s official for convertible and second mortgage bonds of the International
application :
or the
Houston & Great Northern Railroad companies. The
May 15,
Co., No.
o
/n
_
mi
ii
proposed by the Southern Kansas & Western
$129,968
$179,392
The $3,000,000 of bonds to be
be offered to the stockholders of
transfer books closed.
structure, to purchase
Inc.
Inc.
21,212
$19,421
issued by this com pany are to
record on April 30th, when the
Metropolitan Elevated.—The
way Company have voted
000 for the purpose of
Inc. $11,012
Inc. 16,200
70,436
49,224
Total
Railroad Company to
Wellington to the centre of Harper county, a dis¬
tance of forty miles, at an estimated cost of $490,000. This extension is
already included in a lease of that corporation to the Kansas City Law¬
rence & Southern Railroad Company, under date of December 1,1879,
and to provide the means for completing the extension the Southern
Kansas & Western Railroad Company now offers its securities to the
atockholders of the Kansas City Lawrence & Southern and Southern
Kansas & Western Railroad companies upon the same terms as the orig¬
inal subscription was made under the circular dated March 5, 1879, viz.:
First—That the Kansas City Lawrence & Southern Railroad Company
lease the new road, and pay as a rental for the use of said road 38 per
cent of the gross earnings of said Southern Kansas & Western road
Second A. sinking fund to be set apart by the Kansas City Lawience &
Q
Southern Railroad Company of 15 per cent on earnings
derived from
business going to or coming from the Southern Kansas & Western road.
Tliis sinking fund to be used, if necessary, for payment of interest on
bonds of tbe Southern Kansas & Western Railroad Company. If not
used for payment of interest, it is to be applied in retiring said bonds at
or under 110 flat, which bonds so purchased are to be converted into
stock of the Southern Kausas & Western Railroad Company for the
benefit of the Kansas City Lawrence & Southern Railroad Company, all
in conformity with the terms of said lease.
Upon which basis it is now proposed to offer
$51,195
57,761
March
lowing circular:
extend its road from
$39,253
41,491
January
February
'/si i
»r
1880.
1879.
exchange will be made at the office of J. S. Kennedy &
William Street
Kansas City Lawrence & Southern.—The Kansas Citl
Itawrence & Southern Railroad Company has issued the fo
63
It is
519 \
THE CHRONICLE.
1880.J
Metropolitan Elevated Rail¬
to issue a second mortgage of $4,000,-
furnishing funds to complete the
additional terminal facilities, and to
provide for up-town connections and extensions. There is
already a first mortgage on the road of $8,500,000, and a week
or two since $2,500,000 of debenture bonds were put out, or preh(
rioral Hut this sort nf hnnd is not. fn vovpd ancl tho offipprs Ljivp
therefore determined
Rf*’
S(?rc to retire the debenture bonds and issue a
second mortgage. The amount of the issue was fixed at
$4,000,000, because the law requires that before a junior mort¬
gage is placed upon a roaa the maximum amount shall be
specified. It is intended to market the bonds only as the need
for additional funds arises, and the officers say that they may
not require to sell the entire $4,000,000.
Under the terms of
the lease to the Manhattan Company the proposed issue will
$272,500 stock at par
$272,500 not be valid until ratified by the stockholders of the New York
$545,000 thirty-year first mortgage bonds, dated January 1,
1880, at 40 per cent
218,000 and Manhattan Companies, and meetings for that purpose have
Total
$490,500 | been called.
Each holder of seventy shares of stock of either Kansas City Lawrence
New Jersey Midland.—The receivers have their business
& Solitheru or Southern Kansas & Western Railroad Company, or of
well
closed up, and on an order from the Chancellor will transfer
both, to have the right to subscribe for
$500 the road to the new company—probably by June 1.
$500 in stock at par
1,000 first mortgage thirty-year 7 per ceut bonds, dated January
1, 1880, at 40 per ceut
400
New York City & Northern.—The
stockholders of this
company
met
company’s
the Drexel Building,
in
the
offices,
in
$1,500, costing
$900
The Sumner County Railroad Company, organized under the laws of and voted to ratify the lease of the West Side & Yonkers
Kansas, proposes to build a road from some point near the present
Railroad. They also authorized the issue of $4,000,000 six per
Western terminus of the Southern Kansas & Western road southerly to
cent consolidated mortgage bonds for the retirement of the
the north line of the Indian Territory, a distance of about 21 miles, at an
estimated cost of $270,000, which it proposes to raise by the sale of its outstanding obligations of the West -Side & Yonkers Railroad
stocks and bonds on
■*
-
-
~
"
—
~
■
the following basis:
$210,000 stock at par
$300,000 thirty-year first
twenty per cent
mortgage seven per cent
bonds at
Total
Dona is not tavorea, ana the omcere nave
<
-
$210,000
Company.
Western.—On the 14th of May the time expired
stockholders had the right to attempt a re¬
$270,000 demption of the road. The World says of Mr. Tilden, who is
60,000
N. Y. Ont. &
within which
to the Kansas City Lawrence & heavily interested in this road: “ ‘ Take down your map,’ he is
as rental reported as saying yesterday, i and look for the shortest line
sinking fund between
Lake Ontario and New York City, and then contem¬
retire the bonds
at maturity. The above securities are now offered to the stockholders of
plate a thoroughly equipped road for 344 miles, without a dol¬
the Kansas City Lawrence & Southern and Southern Kansas & Western
lar of debt and with six or eight millions in the treasury,
Railroad Companies, and each holder of 125 shares of stock of either
which has cost me and the holders less than fifteen millions of
or both of said companies will be entitled to subscribe for
$700 dollars.’ ” The position of Superintendent of Construction
$700 in stock at par
1,000 thirty-year first mortgage 7 per cent bonds at 20 per ceut.. 200 will be taken by Mr. James W. McCulloh, now receiver of the
It also proposes
to lease the same
Southern Railroad Company for thirty years, they paying
therefor the interest upon the bonds, aud further to provide a
to be set aside in equal annual instalments sufficient to
$900
$1,700 costing....
The subscriptions to the stocks and bonds are now offered to holders
of Kansas City Lawrence & Southern and Southern Kansas & Western
stock of record of May 14,1880, until May 24,18c0,
and any part not taken on or before May 24, 1880, will be disposed of
by the directors of the Kansas City Lawrence & Southern Railroad Com¬
pany.
Holders of Kausas City Lawrence & Southern and Southern
Kausas & Western railroad companies’ stock may subscribe for what
railroad companies’
choose, and will be treated equitably m the allotment; they
may also dispose of their rights for the purpose of consolidating
others. The subscriptions will be payable as called for by the treasurer,
amount they
with
will have charge of new work on
ferry, the tunnel from Weehawken
New Jersey Midland. He
the road, the Weehawken
through Bergen Hill, the connections at Middletown, the pro¬
posed branch to Newbnrg, the Western extension, and the re¬
building of portions of the present main line.
New York Stock Exchange.—At
10, the following officers were chosen
the annual election, May
:
President, Donald Mac-
Alexander
Kay ; Chairman, James Mitchell; Vice-Chairman,
but not more than twenty-five per cent will be called for in any one
Henriques ; Treasurer, D. C. Hays ; Secretary, B. 0. White;
month.
Interest will be allowed on payments at the rate of six per cent Trustee of Gratuity Fund, Henry Meigs ; Governing Committee
per annum.
(to serve four years), Bray ton Ives, Wm. Lummis, W.
—The animal report of the Kansas City Lawrence & Southern erman, A. M. Cahoone, Wm. Alex. Smith, C. K. Randall, H. EL
Railroad Company for 1879 has been issued.
Hollister, Wm. McClure, George H. B. Hill and A. F. R. Martin;
The gross earnings to January 1, 1880, were
$495,238 to serve three years, E. A. Drake, Laurens Joseph and S. V.
Operating expenses
.’ 365,658 White; to serve two years, Nelson Robinson and George H.
Net earnings
$129,579 Palmer ; to serve one year, R. L. Anderton, Jr.<
Net receipts from land department
33,212
Pittsburg Titusville & Buffalo.—The gross receipts of this
B. Dick-
Total net revenue
Tbe interest on bonded debt
1880 (nine months) was
from April 1, 1879, to
Surplus revenue
-
January 1,
$162,791
88,200
$74,591
ending March 31,2L880, were $111,893,
and the net profits $48,215. The
period in 1879 were $32,809; increase in
company for the quarter
the gross expenses $63,677,
net
profits for same
1880, $15,405.
surplus revenue from April 1, 1879, together with other
Portsmouth & Dover.—A special meeting of the stockhold¬
has been applied to the purchase of additional ers was held in Portsmouth, N. H., May 12. It was voted to
equipment.
reduce the capital stock to $769,000, in shares of $100 each,
Kansas City St. Joseph & Council Bluffs.—-The following pursuant to the finding of the referee, and to sell 112
shares of stock to pay the award to the Eastern Railroad.
circular was issued in Boston May 8 :
Referring to circular of April 17, 1880, holders of Kansas City St.
St. Louis & San Francisco.—The new line of this road will
Joseph & Council Bluffs Railroad Company’s stock, Kansas City St.
Joseph & Council Bluffs Railroad Company’s registered income bonds, be opened to Wichita, Kansas, on or before June 1, the distance
Nodaway Valiev Railroad Company’s stock, Tarkio Valley Railroad from St. Louis being 508 miles. The road has been opened to
Company’s stock, are hereby notified that the Chicago Burlington & Augusta, Butler County, Kansas, 487 miles from St. Louis.
Quincy Railroad Company, the purchaser referred to in said circular,
bus exercised the option given to it, and will pay for the above-named
St. Paul Minneapolis & Manitoba.—At St. Paul, May 13,
stocks at $72 50-100 per share, aud for the above-named registered
income bonds at 90 per cent flat* in stock of the Chicago Burlington & the stockholders elected the following Board of Directors :
Quincy Railroad Company at $125 per share, and will give receipts George Stephen, of Montreal; Donald A. Smith, of
tnerefor upon surrender of the securities at the Chicago Burlington &
O. H. Northcott, of England, and R. B. Angus, N. W. Kittson
Quincy Railroad Company’s office, No. 49 Sears Building, Boston, at any
and J. J. Hill, of St. Paul. The old officers were re-elected.
tune between May 12 and August 1,1880, at noon, which receipts will
be exchangeable for the Chicago Burlington & Quincy Railroad Com¬ The earnings of the road for the five months since its reorgani¬
pany’s stomc, on and after June 15, 1880, until August 1,1880, at noon. zation were $2,365,287, and the operating expenses $1,073,973.
To secure the June 15, 18S0, dividend upon the Chicago Burlington &
Quincy Railroad Company’s stock, it is necessary to surrender the About 150 miles of new road have been bui»t.
above-named securities on or before May 29,1880.
—A dispatch from Minneapolis, Minn., May 13, says : “ The
Charles Merriam.
The
cash assets,
additional
Montreal;
Northwestern Narrow
Louisville & Nashville.—This company assumed control of
the New Orleans & Mobile Road May 8 and the Mobile route is
how added to the Southern roads operated by the Louisville
& Nashville.
Louisville New Albany &
ative statement is published:
Chicago.—The following compar¬
Gauge Railroad
has concluded arrange¬
Railroad
largest*
Minneapolis, and two
all of
the St. Paul Minneapolis & Manitoba
by
which the latter is to build 100 miles of broad gauge between
its two main lines from Minneapolis to St. Cloud. The
depot in the State will be
at
double-track bridges across the. Mississippi, work upon
which is to be commenced immediately^]
ments with
constructed
X
THE CHRONICLE.
520
Wabasli St. Louis & Pacific.—The Detroit Tribune said last
week, of the report that the Wabash had leased the Great
Western of Canada: “ It is pretty well understood that Mr.
Joy’s mission to Europe had some relation to an effort to bring
the Great Western Railway into a combination with the Wabash
©n the west and the Rome & Watertown and Delaware & Lack¬
awanna on the east.
Unless some unforeseen event occurs, there
is very little doubt that such a combination will be made. The
Great Western will build from St. Catherine’s to Lewiston,where
a
bridge is already projected. The distance from
New York to
Lewiston by this route is 471 miles, as against 449 from New
York to Suspension Bridge by the New York Central. But this
22 miles is more than made up by the shorter distance between
Chicago or St. Louis and the east via the Great Western and
the projected connections through this city.
That distance
can be more than saved between Detroit and Chicago via the
Butler Read and the Balt. & Ohio, as against the Mich. Cent.”
Other reports stated that Mr. Joy, though not effecting a
lease of the Great Western, had made arrangements for a close
alliance in working arrangements. Also that the connecting
line to New York was to be the New York Ontario & Western.
—The St. Louis Globe-Democrat gives the following account of
the special stockholders’ meeting held last week in St. Louis :
“There were present Solon Humphreys and Charles Dana, New
York, and J. S. Walsh, Thomas E. Tutt, B. W. Lewis, J. F. How,
F. W. Meister and Edward Walsh, of St. Louis. There were
300,004 shares, out of a total of 400,000 shares, represented,
Edward Walsh carrying the bulk of the proxies.
The first business called up was an agreement with the hold¬
ers of bonds and stock of the Toledo Peoria & Western Railway
Co. for the issue of 29,000 shares of the preferred stock and 20,000
“
shares of the
common
stock of the Wabash St. Louis & Pacific
Railway Company in exchange for the first and second preferred
income bonds and
common
stock of the Toledo Peoria & West¬
Railway Company.
This was ratified, and the agreement for the consolidation of
the capital stock, property and franchises of the Chicago &
Strawn Railway Company with the capital stock, property and
franchises of the Wabash St. Louis & Pacific Railway Company,
and also for the purchase of the Chicago & Paducah Railroad
from the holders of the present outstanding bonds, secured by
mortgage upon the said railroad, whenever the holders of said
bonds shall have bought in the said property at the foreclosure
sale now advertised, was taken up.
It was proposed to issue bonds of the company to be issued
and delivered in payment for the Chicago & Strawn and Chicago
& Paducah railroads, as required by said agreement, to an
amount not exceeding four and one-half millions of dollars, said
bonds to bear five per cent interest, payable semi-annually, and
to be secured by a first mortgage covering both the railroads
above mentioned. This was also agreed to without any dis¬
senting vote.
\
The great blanket mortgage, as prepared by the Board of
Directors, was next discussed, and upon a vote the action of the
ern
“
“
[Vo*.. xxx
IPxe Commercial jinxes.
~~
COMMERCIAL EPITOME.
Friday Night,
May 14, 1880.
General trade has become dull, with a general weakening of
confidence in values of imported merchandise, but more
steadiness has been shown in staples of domestic produce, the
previous decline having greatly increased the demand for
export, causing a rapid reduction of stocks. The depression in
railway securities has exerted some influence, from sympathy,
in mercantile circles, and an unsettled feeling is therefore to be
noted in all branches of business, notwithstanding the growing
ease in the money market.
The weather has been generally
favorable for the crops, but is to-day quite cold for the season.
The general course of the provision market has been upward
during the past week ; a somewhat better export demand has
;>een noticed, and in some instances a revival of the late specu¬
lative interests. To-day pork was firmer, and sold on the spot at
$11 20@$11 30 for new mess. August new mess sold at $11 25<3>$11 30 ; July quoted at $1115@$11 30 bid and asked. Bacon
was advanced to 7c. for long and short clear together.
Lard
was firm on the spot and slightly higher for the options. Seller
on the spot of prime Western at 7'27/£@7*30c., and a small lot
early at 7*25c.; May options sold at 7*27/£c., June 7-27^@
7‘32^c., July 7 30@7‘35c., August 7’40(g)7*42^c. and Septem¬
ber 7‘42%@7*47/£c.; refined for the Continent quoted 7‘65c.
Cut meats, beef and beef hams have ruled quiet. Butter and
cheese have been dull, irregular and weak. The following is a
comparative summary of aggregate exports from Nov. 1 to
May 8 :
1878-79.
1879-80.
Pork
Bacon
Lard...
Total
-lbs. 38,832,200
Increase.
lbs.449,241763
43,332,200
492,543,5 L2
lbs.?14,250,476
202,317,701
11,932,775
lbs.702,324,439
738,193,313
11,932,775
Naval stores have presented a very
affairs during the past week ; strained
Decrease.
4,500,000
43,301,649
47,801,649
quiet and easy state of
to good strained rosins
quoted at $1 35@$1 40 ; spirits turpentine, 28/£@29c.
Petro¬
leum has ruled dull—and more or less nominal—at 7%c. for
refined in bbls. United certificates have latterly declined, and
closed dull to-day, though 76%c. was bid. Metals appear to
have reached the climax of weakness and depression ; Ameri¬
pig is quoted at $28 for No. 1 and $27 for No. 2 ; forge,
$25@$26. There have been forced sales of outside brands be¬
low these figures ; several furnaces have been blown out, and
notices ©f a reduction in wages given. Scotch pig iron closes
about steady ; importers refuse to entertain any bids that will
directors was sustained.” * * *
The proposition to purchase steam barges for use on Lake not cover cost, freight and charges, and a check is thus given to
Erie at a cost not exceeding $500,000, and the investment by the the late depression ; Gartscherrie and Glengarnock are quoted
company of a sum not exceeding $200,000 in providing for mov¬ at $23 ; Eglinton at $21@$21 50; Coltnpss at $24. A large and
ing grain upon the Mississippi River, by subscribing to the cap¬ important business has been done in rails for autumn and winter
ital stock of a corporation organized for that purpose, was de¬ deliveries at $68@$70 for steel, $48@$52 for iron and $23@$24
clared a good idea, and the stockholders voted for it unani¬ for old iron. Ingot copper has declined to 19/£c. for Lake.
Rio coffee has been dull and nominal all the week, and closes
mously. The meeting then adjourned till July 14, 1880, to hold
at 14%c. .for fair cargoes; mild grades have continued to sell
a meeting in pursuance of the following call:
moderately at essentially unchanged prices.
Rice has been in
“Wabash St. Louis & Pacific Railway Company.—Notice of Stock¬
fair demand and steady. Refining molasses has been quite ac¬
holders’ Meeting.—A special adjourned meeting of stockholders of the
Wabash St. Louis & Pacific Railway Company will be held at the office
tive, fully 4,000 hhds. selling at 37@38c., without regard to test,,
of the company in St. Louis. Mo., July 14,1880, for the purpose of acting
and 35@36c. for 50 degrees test; but grocery grades have' met
upon the following agreements made by the Board of Directors of said
with only a fair demand at the late quotations. Tea has sold
company.
lower at auction for most descriptions, though yesterday green
An agreement providing for the transfer of the Champaign Havana &
can
“
u
“
Western Railroad to the Wabash St. Louis & Pacific Railway Compauy,
either by lease from the Champaign Havana & Western Railway Com¬
pany or by consolidation of the capital stock, property and franchises of
said last-named company with those of the Wabash St. Louis <fc Pacific
Railway Compauy, such transfer to be bjr lease or consolidation, as the
stockholders of said companies may elect. The final action of the stock¬
holders of this company to be taken at the meeting hereby called.
“
An agreement providing for the transfer of the Detroit Butler & St.
Louis Railroad to the Wabash St. Louis & Pacific Railway Company,
either by lease from the Detroit Butler & St. Louis Railroad Company
or by consolidation of the capital stock, property and franchises of said
last-named company with those of the Wabash St. Louis & Pacific Rail¬
way; such transfer to be by lease or consolidation, as the stockholders
of said companies may elect. The final action of the stockholders of this
company to be taken at the meeting hereby called.
An agreement providing for the transfer of the Missouri Iowa &
Nebraska Railroad to the Wabash St. Louis & Pacific Railway Company,
either by lease from the Missouri Iowa <fc Nebraska Railroad Compauy
or by consolidation of the capital stock, property and franchises of said
last-named company with those of the Wabash St. Louis & Pacific Rail¬
way Company; such transfer to be by lease or consolidation, as the
stockholders of said companies may elect. The final action of the stock¬
holders of this company to be taken at the meeting hereby called.
Also an agreement providing for an interchange of traffic between the
Indianapolis Decatur & Springfield Railway Company and the Wabash
St. Louis & Pacific Railway Company.
“
An agreement to contract with the Pittsburg Cincinnati & St. Louis
Railway Company for the use by the Wabash St. Louis & Pacific Railway
Company of so much of the railway of said company as extends from
Logansport. Ind., to the State line between Indiana and Illinois.
Solon Humphreys, President.
A. L. Hopkins, Vice-President.
Directors—Fred. L. Ames, James F. Joy, Jay Gould, James Cheney,
Russell Sage. J. S. Walsh, Sidney Dillon, Thos. E. Tutt, J. Lowber Welsh,
H. H. Cook, Charles Ridgely, Geo. L.
Dunlap, B. W. Lewis, Jr.”
“
“
“
“
Washington City Virginia Midland & Great Southern.—
Alexandria, Va., May 13, this railroad was sold at auction
by Commissioner Barbour for $4,500,000. It was bought by R.
T. Baldwin, J. Wilcox Brown and Robert Garrett, trustees for
At
the associated bondholders and creditors.
brought steady prices. Spices have been quiet. Raw sugar* on one
or two days, was active, but has latterly been quiet; prices have
fallen to*7/£c. for fair refining and 8/£@8%c. for 96 degrees
test centrifugal.
Refined has advanced, and at one time sold
freely, but closes quiet; crushed and powdered 9%c. and
granulated 9%@9/£c. The following refers to raw:
HMs.
Receipts since May 1, 1880
Sales since May 1, 1880
Stock May 12, 1880
Stock May 14, 1879
34,461
15,527
...106,474
There has been rather
45,497
Boxes.
!
274
200
6,372
26,255
Bags.
175,814
51,426
837,898
744,723
Melado.
1,327
521
3,810
2,230
doing in Kentucky tobacco,
though trade is still slow; sales 750 hhds., nearly all for ex¬
port. Prices were not quite so firm for the low grades; lugs
were quoted at 3%@5%c. and leaf at 6@12c., the latter being
quite firm. The movement in seed leaf has been rather small,
amounting to only 810 cases, as follows: 500 cases 1878 crop, Penn**
sylvania, 15@19c.; 100 cases 1879 crop, Pennsylvania, private
terms, and 200 cases 1878 crop, New England, 13@21c. There
has been a fair movement in Spanish tobacco, including 52 bales
Yara II. cut at 94c. and 600 bales Havana at 85c.@$115.
In ocean freight room a good business has latterly be^jL done
in grain tonnage and at slightly improved rates. Petroleum ves¬
sels have also been more freely taken.
The engagements and
charters to-day included: Grain to Liverpool, by steamer,
4>£d. 60 lbs.; provisions, 27s. 6d.@35s. ; grain, by sail, 4%d.,
from store ; do. to London, by steam, 6@6M<1.; do. to TyneDock, by steam, 7d. 60 lbs.; do. to Leith, by steam, 6^d. 60
lbs.; do. to Cork, for orders, 4s. 10^d., all May loading and
free of elevating charges ; do. to Elsinore, for orders, 4s. 7/£d.;
do. to the east coast of Ireland, 4s. 3d. ; refined petroleum
to London, 2s. 6d.; do, to Antwerp, 2s. 6d.; a steamer to two
ports in the Mediterranean, 6s. 6d.
more
THE
I860.]
May 15,
O O T T O
Crop, as
The Movement of the
from the South to-night, is
this evening (.May 14), the
The
N.
P. M.. May 14,
Friday,
1880.
indicated by our telegrams
follows:
1876.
1877.
1878.
1879.
1880.
6,055
1,420
.1,986
3,500
1,187
1,412
4,833
7,188
1,555
547
934
1,658
11
192
53
397
1,130
1,728
2,634
2,093
1,123
3,208
1,626
002
1,276
2,456
9
49
15
2
93
2,300
2,488
and prices
; but there
Tuesday, and Wednesday opened firmer,
from Liverpool, with stocks at American
ports reduced 50,000 bales within the week ; but at the close of
Wednesday depression was caused by the very favorable reports
of the progress and prospects of the crop.
Thursday, Liverpool
was again better, and our
market sympathized to some extent.
To-day there was some further improvement, especially for the
early months. Cotton on the spot has been less active for ex¬
port, but home spinners have bought more freely. Quotations
were reduced £c. on Monday.
On Tuesday the various phases
of “ ordinary” were quoted £@3-16c. lower and “ stained” cot¬
tons were reduced 3-16@£c.
Wednesday, prices were steady,
with a good demand for consumption. Yesterday the market
was rather stronger, but less active ; and to-day it was again
strong at 11 ll-16c. for middling uplands, but not very active.
The total sales for forward delivery for the week are 700,600
bales, including
free on board. For immediate delivery the
total sales foot up this week 11,161 bales, including 5,825 for
export, 5,236 for consumption, 100 for speculation, and
in
transit. Of the above,
bales were to arrive. The following
tables show the official. quotations and sales for each day of the
past week:
was some
on
4,355,935 bales for the same period of 1878-9, showing an increase
since September 1, 1879, of 333,2 29 bales. The details of the
receipts for this week (as per telegraph) and for the corresponding
Receipts this w’k at
been rather more active the
speculation in futures has
past week. The market was weak on Saturday,
quite broke down at the close of Monday’s business
given below. For the week ending
total receipts have reached 24,636
bales, against 25,661 bales last week, 30,858 bales the previous
week, and 36,714 bales three weeks since, making the total
receipts since the 1st of September, 1879, 4,689,164 bales, against
weeks of four previous years are as
521
CHRONICLE.
|
recovery on
the better accounts
0000837962517291..46065..369584117; 12.40
9,490
1,974
1,788
New Orleans
Mobile
Charleston
Port Royal, &c
Savannah
Galveston
Indianola, &c
Tennessee, &c.Florida
4,101
4,593
5,085
30
28
17
1
21
197
225
622
644
433
4,057
2,0.>9
,2,004
2,076
2,637
114
351
521
88
133
24,630
19,897
20,097
16;288
19,995
North Carolina
Norfolk
City Point,&c..
....
Total this week
...
1
j3,987,774 1
3,873,227
Total since Sept. 1. 4,089,104 4,355,935 4,158,152
week ending this evening reach a total of
89,434 bales, of which 69,341 were to Great Britain, 5,592 to
France, and 14,501 to rest of the Continent, while the stocks as
made uo this evening are now 461,476 bales.
Below are the
exports for the week and stocks to-night, and a comparison with
the corresponding period of last season.
The
exports for the
this
-
Conti¬
ending
Great
May 14. Britain.
France.
1880.
34,108 151,093
24,899
44,081
4,266
4,941
34,874
N. Orl’ns
Week.
nent.
STOCK.
Same
Week
1879.
Total
EXPORTED TO—
Week
1879.
Mobile..
Charl’t’n
•
•
1,259
32,159
6,172
4,075
6,928
8,017
15,880
5,526
11,906
5,017
6,338
23,591
5,737 188,424 165,169
10,678 10,534
3,855 35,000 24,000
89,434
48,717 461,476 294,545
1,688
1,638
....
•
....
....
....
■
....
....
Sa van’ll.
1,259
24,613
4,520
4,075
Galv’t’n-
N. York.
Norfolk-
Other*..
....
....
«...
....
....
6,895
1,652
651
....
Tot. this
5,592
69,341
week..
14,501
.
•
•
....
*
....
....
•
Tot.8ince
Sept.
l.J 2237,645
of “ other ports” include, from Bos¬
Philadelphia, 1,800 bales to Liverpool.
From the foregoing statement it will be seen that, compared
with the corresponding week of last season, there is an increase
in the exports this week of 40,717 bales, while the stocks to-night
*The exports this week under the head
ton, 2,275 bales to Liverpool; and from
’
they were at this time a year ago.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named.
We add also similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale &
nre
On
May
14, at—
Great
Britain.
18,563
3,300
2,512
New Orleans
Mobile
Charleston
Savannah
Galveston
New York.
Other ports
|
Total
*
49,432
5,170
29,101
6,700
None.
75
300
17
3,787
300
7 VU'-t
None.
*22,800
None.
500
5,000
14,386
1,173
4,450
Stock.
..
|
121,997
18,199
12.093
11,606
15,863
165,624
40,678
75.411 ( 386,065
for foreign
5,200 bales at presses
ports, the destination of which we cannot learn.
The following is our usual table showing
notton at all the ports from Sept. 1 to May
the movement of
14, the latest mail dates:
Ports.
RECEIPTS SINCE
SEPT. 1.
<r
1879.
1878.
Florida
468,304
715,900
458,434
188,298
20,088
N. Car.
102.153
Bay’ll..
Galv.*.
N. York
Norf’k*
Other..
686,648
250,407
This yr. 4664,528
Other
Great
Britain.
France.
Foreign
Stock.
510,323
694,517
545,797
143,942
56,193
133,627
546,029
191,275
776,733 242,401 230,993 1250,132 184,659
99,853 26.424
76,260 10,143 13,455
19,422 158,505 328,655 15,885
150,728
185,152
203,084
335,412
•
•
•
•
23,863
214,591
202,476
18,950 218,440
22,826 48,663
21,400 52,795
....
1,177
1,479
....
....
10,447
5,840
23,323
422,542
11,897
25,281
409,607 225,873
274,573
35,487
221,910
225,799
2,0S1
15,869
33,000
2168,304 337.798 762,461 3268,563 540,969
335.591
399,209 911.776 3192.838
Under the head of Charleston is included Port Royal, dec.; under the ne<iu of
Galveston is included Indianola. &c.; under the head of Norfolk, is included City
’Last year
4336,038 1881,853
*
Point. &c.
•
Wed
Fri.
Til.
H716 11716
11*8
11*8
Til.
Fri.
10J8
H°16
Middling
Mon
TU68
Firm
Wed
Thurs Steady
Firm
Fri.
Total
.
.
175
422
....
.
9
....
....
a,
1,900
1,150
2,302
....
490
100
5,825
5,236
100
m
m
sales.
Deliv¬
eries.
400
500
900
600
145 62,300
2,950 182,100
;
1,702
daily deliveries given
9
FUTURES.
AND TRANSIT.
145
Easy at *e dec... 2,775 ?
Steady, rev. quo.
FrI.
9*5*6 91516 9*5i6
109*6 109*0 109*0 10916
H*16 11*16 11*16 113*6
ConEx¬
Spec- Tran¬ Total.
port. sump. ul’t’n sit.
Dull
Til.
SALES.
SALES OF SPOT
Sat
115s
11*3*6 H**16 1113iQ
123*6 123*6 123ie
127*6 12 < *6 127.6
12*0*6 12*5*6 131516
139*6 i 139*6 139.6
9*5*6
11*16
MARKET AND
SPOT MARKET
CLOSED.
11716 11716
115a
9
9
9*4
10*8
10%
938
10*4
$ 5).
11716
1158
Mon Tues Wed
Sat.
Strict Good Ordinary
Low Middling
....
m
•
•
•
•
....
....
above are actually
422 141,000
1,702 113,600
4,202 79,200
1,740 122,400
11,161 700,600
1,200
500
4,100
delivered the day
pire-
reported.
For forward delivery the sales have reached during the week
700,600 bales (all middling or on the basis of middling), and the
following is a statement of the sales and prices
: Bales.
Ctg.
Ct’.
vious to that on
which they are
Cts.
Bales.
For May.
Cts.
Bales.
100 s.n.l3thlt-33
...11-38
200
100 s. a.. ...11-41
100 s.n.llthll-41
...11*42
JOo
...11-44
200
11-45
100
...11-46
800
...11-47
300
...11-40
100
....
..
...11-50
...11-51
1,000
500.
500
.11-53
..
..
..
11-54
11-55
100a.n.l5:hll-6l
100
40'>
1,300
200
100
...11-65
...11-66
;
11-67
11-69
2,400....
11-50
7,400....
4,000
...
8,200....
3,900....
7,500....
9,700....
9,700....
11-53
Bales.
2,70)
3,500
1,700
5,300...
4,300
3,700....
17,200
19,500
w
1T54
11-53
11-56
11-57
U-H
10,200
11-61
5,200
11-62
..11-50
15,500
11-55
11-56
11-57
11-58
11-59
18.000
8,300
4,000
4,600
....11-63
.11-61
1,200....
11-66
2,800....
11-67
3,000....
5,600.... .......ires
11-69
11,500
10,400....
11-71
2,800....
11-72
1,700.
11-73
1,100
8,300
1,100....
400....
1,500....
100
...
—
2,000
4,700
..
700.
200
...
16,300
3,300.
...
....
..11-67
1,900
11-68
11*6 J
11-70
8,3' 0
15,200
11-74
11-75
11 76
11-77
11-78
11-74
11-75
11 76
11-36
11-37
11*38
2,300
11'41
11*42
...11-43
11-44
11-45
11-46
31-40
7,200
3,100
200
2,000
11-78
ll-7Sr
11-80
2,800.
11-41 204,300
700.
900
800
11-43
J... 11-44
11-46
11-47
11-48
...11-49
11-00
11-51
11*52
11*58
For
4,500
1,400
8,000
2,700
■6,800
11*71
11-73
600
11-42
11-68
11-69
11-70
600
For July.
1,400
11-67
3,600
500
7,800
4,200
4,f 00
26,800
10,700
11-65
11-66
1T64
11-65
11-66
.i...11-73
4,200
15.300.
11-63
13,000..........11*64
11-60
11-62
130,300
1,900
4,100
3.300
3,800..
11-47
1,800...
5,400....
..
For June.
700
11-35
1,700
2.400
I
...
7,300
....
Wed
STAINED.
700
100
Total.
129l6 12716 12716 12916 127.6 127.6
13**6 12*5i6 12*016 131.6 1215J6 12l5l8
13**16 139!6 13916 131116 139i6 139.6
11716
1158
11**16
Middling... lliiie lliiis'lliiie 11**16 11**16
Good Mid.. 12116 12116 ,12116 12*16 123*6 123*0
Str. G’d Mid 12°i6 12°16 12°16 127J6 127,6 127*6
13*8*0
Midd’g Fair 1213ie 121*16 121316 12*5*6 12*5*6 139*6
137i« 13716 ;137,« 13918 139*6
Fair
200
N.Orlns 1429,198 1156,668
Mobile. 345,098 357,667
Char’n*
EXPORTED SINCE SEPT. 1 TO—
101516
11-716
1158
115a
113*
11 *g
11*8
11%
1115i6 11**16 11**16 Upl 6 111316 111316
125i6 12*16 12**6 12° 16 123.6 12316
11&10
~
111°16
1112 ! 11^3
Low Midd’g 115,6
Str. L’w Mia 1L12
Tlie
None.
249
Included in this amount there are
Total.
281
5,087
3,400
1,200
4,500
7,457
13,150
Foreign
5,170
None.
None.
None.
None.
None.
None.
None.
Coast¬
wise.
Other
France.
Leaving
9*2
1018
lO^s
9*3
9*2
9*2
9*2
9*2
9 *2
9*2
9*2
9*2
1018
10*8
10*8
10*8
10*8
10
10*8
10
Strict Ord. 10
105s
105q
105s
1058
105s
10*8
1012
10*2
Good Ord.. 10 Lj
10*0*0 1015,0
10*5*6
10*5*0
10*5i6
10*»i6
111316
3tr. G’cl Ord 101316 101316
.
Shipboard, not cleared—for
915ie 913*6
10716 105ie
101516 101316
10*5i6 113.6 11^16
ll7i6 119.6 11716
Ordin’y.splb
166,931 bales more than
Lambert, 60 Beaver street:
11*16 n*i6
U9i6 11 ‘16
Frt.
Th.
Good Ordinary
343,390 776,962 3357,997 3241,555
107j6 10°16
..
Wed
Mon. Toes
Sat.
9*2
10*8
10*°16 10*3i6 105s
9*316
9*5i6
9**16 9*2
10316 10
Good Ord.. 10131C 101*16 10*2
Str. G’d Ord IUig lOloiQ 10*3i6
Low Midd’g H ‘16 115i6 11516
11*2
11*2
8tr. L’w Mid 11 *8
Middling... 11**16 11**16 11**16
Good Mid
123lfi 12*16 12*16
Str. G’d Mid 12 <16 12oie 125i0
Midd’g Fair 1215i6 12*3i6 12*3i6
Fair
13»i« 137j0 137*6
Ordin’y.$Ib ‘9131b
Strict Ord.. 10°i6
68,033
....
Mon Tues
Sat.
Moil Tues
Sat.
TEXAS.
NEW ORLEANS.
UPLANDS.
May 8 to
May 14.
100
August.
11-49
11-50
11-51
11-55
11-56
11-57
11-58
11-59
.,...11-60
11-72
11-79
11-80
11-81
11-82
11-83
11-85
11-86
1187
11-88
11*89
11-90
250,000
For September.
200
11-15
100
11-16
600
11-17
300
900
11*18
11-19
11-2
11-3
002.1
007.21
Bairs.
Cts.
2,200
11 22
Bales.
200
100
11-23
1,500
2,900
2,000
11-24
1125
1,100
11-26
2,200
3,000
2,400
9,300
11*27
11-23
11-29
11-30
500
100
800
600
11*81
11-32
11*83
11-34
2,000.
1,800
5,300
400
800
100
11-38
11-30
11-40
2,700
2,200
11-45
11-46
400
11-47
For October.
200
10 73
The
*18
*09
*08
*05
*09
*02
Biles.
Cts.
10-75
600
10-54
3.200
1,100
400
10-70
10-77
10-78
10-79
10-80
900
10-81
1,600
2,-200
10-82
600
10-84
1,600
1,100
10-85
10-86
300
10 87
1,800
10-88
100
1089
1,700
10-90
800
200
ICC
10-93
10-04
19-95
600
200
11*01
11-02
1100
10-59
10-60
10-61
10-62
10-63
Cts.
10-56
10-57
United States stock
1,300
10-58
700
400
600
10-59
10-60
10-61
United States interior stocks.
1,200
10-62
100
800
500
100
10-63
10-64
10-65
10-67
Liverpool stock
10-68
London stock
1,100
1,600
1,000
10-69
10-70
10-71
Continental stocks
200
10-76
200
10-78
800.../.
10*64
10-05
10 68
10-09
1070
10-70
.10-78
10-79
300
10-52
10'53
300
10-55
1,000
For December.
11-95
33,000
■
Total American
1051
to
to
to
to
to
to
exch.
exch.
exch.
exch.
exch.
exch.
•06 pd. to exch.
*02 pd. to exchv
•03 pd. to exch.
•02 pd. to exch.
•03 pd. to exch.
1,000 June for Aug.
100 July for Aug.
200 July for Aug.
100 May for June.
800 May for July.
700 May for June.
10-70
10-72
10-77
100 July for Aug.
100 July for Aug.
200 July for Aug.
500 May for June.
Market.
Lower.
Depressed.
Firmer.
As
we
.
.
.
116,000
222,000
9,500
58,750
180,000
22,000
45,250
41,000
235,000
14,000
421,000
42,500
74,000
370,000
38,000
652,270
451,250
492,250
945,500
.1,634,755 1,413,574 1,891,709 1,950,395
Upl., Liverpool—
2,287,025 1,864,824 2,383,959 2,895,895
7*%$.
6d.
GUf^d.
5i316d.
four
did not have the record of the
new
interior towns for the
could not make a comparison in any other way.
difficulty no longer exists, and we therefore make the foh
lowing comparison, which includes the stocks at the 19 towns
given weekly in our table of interior stocks instead of only the
years, we
That
time but
Closing.
We shall continue this double
7 towns.
old
Day.
1877.
487,170
51,22 5
5,000
figures indicate an increase in the cotton in sight to¬
night of 423,201 bales as compared with the same date of 1879,
a decrease %of 96,934 bales as compared with the
corresponding
date of 1878, and a decrease of 603,870 bales as compared with 1877.
In the preceding visible supply table we have heretofore only
included the interior stocks at the 7 original interior towns
1,100 May for June.
For
1
The above
Tuesday.
Closing.
.
Total visible supply
P.ice Mid.
10*87
Monday.
For Day.
.
Total American
10-00
210,000
40,700
40,570
327,000
34,000
.
Total East India. &c
Saturday.
Closing.
.
.
Egypt, Brazil, &c., afloat
January.
Futures
Day.
97,279
30,000
.
1878.
332,592
35,617
1,000
.1,634,755 1,413,574 1,891,709 1,950,395
India afloat for Europe
The following will show the range of prices paid for futures,
and the closing bid and asked at 3 o’clock, P. M., on each day in
the past week.
For
1879.
294,545
38,029
6,000
East Indian, Brazil, <£c.—
following exchanges have been made during the week:
pd.
pd.
pd.
pd.
pd.
pd.
1880.
461,476
.
United States exports to-day.
13,200
For
300
200
200
100
200
...
fVoL. XXX
700
200
19,800
100.
600
CHRONICLE.
Bales.
10-57
10-58
500
200
300
200..
500
900
600
900
800
11-04
200
..1055
10-56
......
3,700,
1,100
1,400
1,100
1,000
10-83
41,700
For November.
Cts.
10-74
4,700..
3,800
2,200
2,100
11-35
11-36
11-37
THE
statement for
a
finally shall simply substitute the 19 towns for the 7
preceding table.
towns in the
Eiah.
May
...
June...
July...
August.
Sept’br.
October
Nov’ber
Dcc’ber
Jan’ry.
Tr.#ord.
Closed
Loid.
Quie t.
.
Futures
June...
July...
August.
Sept...
October
Nov....
Dec’ber
Jan’ry.
Closed.
37
41
48
56
19
75
55
55
High.
For
Day.
Short notices
Monday,
American—
51
53
60
66
28
82
63
62
Liverpool stock
Continental stocks
Total American
—
11*41;
Friday, 11 61.
For
Day.
Cotton,
Closing.
Stock at Liverpool
Stock at London
bales
Total Great, Britain stock
.
Stock at Havre
Stock at Marseilles.
Stock at Barcelona
of 1878,
1879.
566,000
40,700
45,250
736,700
76,900
3,090
31,000
3,000
Gil.250
35,900
24,250
20,100
and
a
decrease of 565,143 bales
Week
148,250
3,250
46,000
1878.
1877
892,500 1 ,211,500
230,750
215,500
4,750
Total continental ports....
185,570
282,000
425,250
472,000
922,270
893,250 1,317,750 1 ,683,500
235,000
180,000
370,000
384,000
495,000
261,000
22,000
14,000
38,000
291,545
332,592
487,170
33.029
51,225
35,617
34,000
..
.
United Stftes exports to-day..
461,476
97,279
30,000
6,000
7,500
47.750
12,500
1,000
5,000
Total visible supply
2,287,025 1,864,824 2,383,959 2.895 895
Of tlie above, the totals of American and other descriptions are as follows
.
American—
Liverpool stock
486,000
Continental stocks
145,000
450,000
241,000
American afloat for Europe
415,000
384,000
1,103
7,149
592
337
12,472
7,497
1,816
5,544
1,867
58,067
10,016
Total, old ports.
2,645
8,982
Dallas,Texas.
Jefterson, Tex....
Shreveport, La
Vicksburg, Mis9..
Columbus, Miss..
Eufaula, Ala
Griflin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
3t. Louis, Mo—
Cincinnati, O....
100
70
293
153
12
14
6
58
106
280
..
7,750
3,000
567
516
...
883,000 1 ,169,0C0
9,500
42,500
6,500
42,500
Stock.
228
171
18
151
82
Augusta, Ga
Columbus, Ga....
Macon, Ga
Montgomery, Ala
Selma, Ala*
Memphis, Tenn..
Nashville, Tenn..
9,400
Stock in United States ports
Stock in U. 8. interior ports..
compared with 1877.
Receipts Shipm’ts Stock.
'
7,500
21,250
415,000
as
ending May 14, ’80. Week ending May 16,’79.
Receipts Shipm’ts
1,750
Amer’n cotton afloat for Eur’pe
2,365,903 1,886,044 2,404,775 2,931,046
statement:
11*33'S>11*41;
820
Egypt,Brazil,&e„aflt for E’r’pe
652,270
451,250
492,250
945,500
...1,713,633 1,434,794 1,912,525 1,985,546
as
696,000
327,000
421,000
42,500
74,000
370,000
38,000
receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1879—is set out in detail in the following
49,000
&c
222,000
9,500
58,750
180,000
22,000
and
44,750
3,000
.
34,000
116,000
45,250
41,000
235,000
14,000
At the Interior Ports the movement—that is the
2,360
..
294,545
59,249
6,000
398,000
261,000
487,170
86,376
5,000
figures indicate an increase in the cotton in sight to-night
of 479,359 bales as compared with the same date of 1879, a
decrease of 38,872 bales as compared with the corresponding date
Stock at Rotterdam
*...
Stock at Antwerp
Stock at other conti’ntal ports.
Total European stocks..
India cotton afloat for Europe.
40,570
Total visible supply
66,000
15,500
65,500
65,000
11,750
8,000
20,000
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
30,000
384,000
1877
748,000
These
this week’s
1880.
461,476
176,157
327,000
Egypt, Brazil, &c., afloat
Total East India,
Total American
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.
are
1878.
661,000
366,500
495,000
332,592
56,433
1,000
210,000
40,700
London stock
Continental stocks
India afloat for Europe
made up by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent
1879.
450,000
241,000
1,713,633 1,434,794 1,912,525 1,985,546
Indian, Brazil, due.—
Liverpool stock
■■
The Visible Supply op
1880.
486,000
145,000
415,000
East
High. Low. Bid. Ask
11-67-11-64 11-67 68
11-73-11-66 11-72 —
11-80-11-73 11-79 —
11-83-11-73 11-82 —
11*40-11*35 11-38 39
10-90-10-88 10-91 93
10-70-10-68 10-71 73
10-71-10-67 10-71 73
10-77- —
11* 70
Firi n.
Tuesday,
Europe....
United States stock.
United States interior stocks..
United States exports to-day..
Firmer.
Closing.
bales
American afloat to
Friday.
!o
May:
Bid. Ask
11*49
11-52
11-59
11-65
11-26
10-80
10-64-10 54 10-61
10-64-10*51 10-60
-1060
11*5 5
Stea fiy-
—
for
Low.
11-46-11-38
11*53-11-35
11-61-11*41
11-68-11*49
11*31-11*15
10*86-10-73
Bid. Ask High. Low.
Bid. Ask
11-47 48 11*55-11*51 11-57 59
11-49 50 11*61-11*53 11*61 —
11-55 56 11-6711-59 11-67 68
11-60 61 11*72-11-64 11-71 72
11-23 24 11-35-11-28 11-34 35
10-77 79 10-86-10-82 10-86 88
10-58 60 10-65-10-60 10-67 68
10-58 60 10-68-10-59 10-67 68
-10*70
1 1 .e
11* 30
SteadiyFirn0.
High. Low.
11-55-11 51
11-57-11-49
11*66-11*55
11*71-11*60
11*30-11-23
10-83-10-77
10-63-10-59
10-62-10-57
10*70- —
Tr. ord.
Bid. Ask
Firmer.
Closing.
Day.
Low.
Thursday.
Variable.*
For
...
High.
66 11*55-11-45 11*36
69 11*61-11*40 11*40
— 11*70-11*47 11-47
86 11*76-11*55 11-55
45 11-3911-17 11*18
01 10-95-10-74 10-73
— 10-65-10-55 10*52
76 10-70-10*55 10 52
10-72- —
11*4 0
Stead y-
Wednesday.
Market.
May
Bid. Ash
11-69-11*65 11-65
11*72-11*68 1168
11-81-11-78 11-78
11-90-11-85 11-85
11*47-11*45 11-44
11-05-11-00 11-00
10-79-10-76 1076
10-78-10-76 10-75
10-87- —
11-7 0
661,000
748,000
366,500 ' 398,000
495,000
261,000
5
Total, new p’rtf
Total, all
*
1,161
''3,784
3,342
378
109
366
220
511
611
1,376
6,781
92
89
24,235
2,510
97,279
2,546
9,739
33,029
237
70
1,211
46
180
1,440
4,632
44
292
980
246
47
798
30
60
601
296
9
86
2,182
1,015
9,351
3,373
1,140
47,096
7,468
89
113
211
200
407
9
16
345
251
95
5
300
1,304
837
2,768
553
344
2
700
554
244
294
182
1,095
1,494
161
92
192
604
674
3,729
1,864
5,556
2,714
10,582
5,276
73,878
7,121
12,225
21,220
21,637 176,157
9,667
21,964
59,249
1,617
5,751
4,417
5,541
8,460
12,705
11,105
282
214
.
66
This year’s
figures estimated.
The above totals show that the old interior stocks have de¬
creased during the week 6,337 bales, and are to-night 59,250 bales
more than at the same period last year.
The receipts at the same
towns have been 99 bales more than the same week last year.
table is
of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another, at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations, of that part of the crop
which finally reaches the market through the out-ports.
Receipts
prom
prepared for the
the
purpose
Plantations.—The following
Mat 15,
RECEIPTS FROM PLANTATIONS.
Receipts at the Ports. Stock at Inter’r Ports Rec’ptsfrom Plant’ns
Week
ending—
Feb.
Mar.
27
5
“
12
1878.
1880.
1879.
1878.
1879.
1880.
94,349 110,047 102,995 210,935 170,438 316,972
90,947 83,200 78,451 192,405 105.019 303,279
82,204 78,490 04,308 109,030 159,418 289,996
75,723 00,202 49,011 140,053 141,012 281,047
05,470 60,098 53,419 131,795 131,403 200,120
59,880 54,283 47,393 119,991 110,879 259,223
51,391 44,851 37,323 108,033 107,005 252,495
39,010 40,187 38,910 95,979 91,900 238,556
38,850 30,183 30,714 89,142 87,294 220,936
31,190 22,283 30,855 75,550 78,902 204,154
24,252 19,031 25,001 05,770 71,540 180,653
20,097 19,897 24,030 50.433 59,249 176,157
19
523
THE CHRONICLE,
1880.J
1878.
78,599
72,477
59,435
52,740
50,012
48,082
40,033
20,302
32,019
17,004
14,472
10,760
days, the rainfall reaching thirty-three hundredths of an inch,
but the weather during the balance of the week has been pleas*
ant.
Average thermometer 76, highest 88 and lowest 65. Crop
1879.
1880.
accounts
98,239
78,447
72,289
42,396
50,549
39,699
34,977
25,148
31,51b
13,951
11,615
7,600
92.883
Selma, Alabama.—There has been no rainfall at this point, the
weather having been warm and dry all the week.
Madison, Florida.—It has rained everyday the past week, and
04,758
51,085
40,062
38,492
weeds
favorable.
are more
fast that they are becoming very trouble¬
The thermometer has
9
24.971
10
averaged 76, the highest being 90 and the lowest 62.
19,094
23
Macon, Georgia.—Rain has fallen the past week on one day.
14,076
30
The thermometer has ranged from 60 to 85, averaging 75.
8,165
May 7
14,135
14
Columbus, Georgia.—It has rained during the past week on
one day, the rainfall reaching twenty-five hundredths of an inch.
The above statement shows—
The thermometer has averaged 70, the highest being 83 and
1. That the total receipts from the plantations since Sept. 1 in
1879-80 were 4,857,485 bales; in 1878-79 were 4,409,532 bales; in the lowest 60.
1877-78 were 4,198,103 bales.
Savannah, Georgia.—Rain has fallen during the past week on
2. That although the receipts at the out ports the past week two
days, to a depth of sixteen hundredths of an inch, but the
were 24,636 bales, the actual movement from plantations was
balance of the week has been pleasant.
Average thermometer
only 14,135 bales, the balance being drawn from stocks at the
interior ports. Last year the receipts from the plantations for the 73, highest 83 and lowest 67.
same week were 7,600 bales, and for 1878 they were 10,760 bales.
Augusta, Georgia.—We have had light rains on two days, the
Weather Reports by Telegraph.—The past week has been rainfall reaching nine hundredths of an inch, but the rest of the
favorable for crop purposes. In most sections now the plant is week has been pleasant. Average thermometer 75, highest 89
Warm weather with occasional and lowest 62. The crop is developing promisingly, and ac¬
started and well started.
counts are good.
showers would make the prospect satisfactory everywhere.
Charleston, South Carolina.—There has been no rainfall at
Galveston, Texas.—We have had a shower on one day during
the week, the rainfall reaching eighteen hundredths of an inch. this point during the week. The thermometer has averaged 74,
The thermometer has averaged 78, the highest being 87 and the with an extreme range of from 66 to 82.
The following statement we have also received by telegraph,
lowest 72.
The crop is developing promisingly. A good stand
of cotton and corn has been secured throughout the State.
showing the height of the rivers at the points named at 3 o’clock
Indianola, Texas.— We have had warm, dry weather through¬ May 13, 1880, and May 15, 1879.
26
M
2
Apr.
“
“
41
“
“
out the
week, and
clear of weeds.
are
40,490
30,595
accounts are more favorable. The fields
The thermometer has ranged from 69 to 86,
growing
are
We
some.
are
so
having too much rain.
May 13,' ’80. May 15, ’79.
crop
averaging 77.
Feet. Inch.
Below high-water mark
..
1
10
3
Memphis
Above low-water mark...
26
10
23
14
O
Above low-water mark...
Nashville
Corsicana, Texas.—The weather during the week has been
warm and dry, the thermometer averaging 79, and ranging from
64 to 94.
We have secured a good stand of cotton. Corn grow¬
Feet. Inch.
New Orleans
Above low-water mark...
Shreveport
Above low-water mark...
Vicksburg
10
5
40
8
7
*7
20
2
40
8
8
6
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
rainfall at this point during 1871, or 16 feet above low-water mark at that point.
ing fast and all crops promising.
Dallas, Texas.—There has been no
the week, and we are needing a good shower.
Average ther¬
mometer 79, highest 94 and lowest 64.
We have secured a good
stand of cotton, and the fields are clear of weeds.
Condition
good.
Brenham, Texas.—The weather has been warm and dry all
the week.
The thermometer has averaged 79, the highest being
90 and the lowest 65. All crops are doing well. Planters have
given increased land to cotton this year in this vicinity. Last
week’s rainfall was three inches, and not three hundredths as
printed.
New Orleans, Louisiana.—It has rained during the past week
on two days, the
rainfall reaching forty-one hundredths of an
inch. The thermometer has averaged 77.
Shreveport, Louisiana.—The weather during the past week has
been dry, and extremely warm for the season. The thermometer
has averaged 78, the highest being 91 and the lowest 66.
Vicksburg, Mississippi.—We have had no rainfall during the
past week.
Columbus, Mississippi.—There has been no rainfall at this
point during the week, the weather having been warm and dry.
Average thermometer 82, highest 87 and lowest 78. Good
progress is being made in clearing the fields of weeds.
Little Bock, Arkansas.—The weather th:s week has been dry,
and favorable for planting.
Average thermometer 76, highest
-
..
New Orleans
Gunny Bags, Bagging Etc.—Bagging continues to be taken in
small parcels, but scarcely any inquiry is noted for large lots,
buyers not being disposed to take more than their wants require.
The market is very firm, and dealers are still quoting 10^c. for
If lbs., 11c. for 2 lbs. and life, for standard quality. Butts are
not active, and only few transactions are noted.
The sales
aggregate some 300 bales, for which full prices were paid.
Paper qualities are still quoted at 3§c., while spinning qualities
are somewhat easier, and 34c. will now buy a round lot, though
in a small way 3fc. is quoted.
The arrivals continue light.
Comparative Port Receipts and
A
as
Daily Crop Movement.—
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of tbe
added to our other standing
daily and monthly statement, that the reader may con¬
stantly have before him the data for seeing the exact relative
movement for the years named.
First we give the receipts at
each port each day of the week ending to-night.
We have consequently
month.
tables
a
PORT RECEIPTS FROM
SATURDAY, MAY 8, ’80, TO FRIDAY, MAY
New
Or¬
we’k leans.
D’ye
of
Sat.
Mo¬
bile.
Char¬ Savan¬ Galleston. nah. vest’n.
Nor¬
folk.
1,657
69
221
203
670
292
314
221
634
712
3,949
85L
Tll63
379
106
173
208
84
667
89 and lowest 62.
Wed
1,521
354
326
176
166
977
dry with the exception of a light
sprinkle on Sunday. The thermometer had averaged 64, the
highest being 86 and the lowest 44.
Nashville, Tennessee.—The weather during the week has been
warm and dry, the thermometer averaging 76, and ranging from
Thur
1,088
390
460
149
60
679
Fri..
902
204
291
179
114
730
9,496
1,974
1,788
1,136
1,728
4,057
Last week the weather was
61 to 90.
Memphis, Tennessee.—The weather week has been warm and
dry, the thermometer averaging 80 and ranging from 66 to 91.
We have secured a good stand of cotton, and the crop is develop¬
ing promisingly. We have had'no rain for seventeen days, and
it is
now
needed.
Mobile, Alabama.—There have been light showers on five
days of the past week, with a rainfall of twenty-eight hundredths
of
an
inch.
The thermometer has
averaged 75, the highest point
having been 86 and the lowest 67. The crop is
ing finely and the fields are being cleared of weeds.
touched
develop¬
Montgomery, Alabama.—We have had light showers on two
14, ’80.
v
Mon
Tot.
The movement each month since
Monthly
Receipts.
Bept’mb’r
October..
Novemb’r
Decemb’r
January
February.
.
March.
..
April....
Year
1879.
333,643
888,492
942,272
956,464
647,140
447,918
264,913
158,025
Tot Ap.30 4,638,867
1878.
1877.
96,491
578,533
822,493
303,955
167,459
900,119
689,610
472,054
340,525
197,965
1876.
236,868
675,260
901,392
787,769
500,680
449,686
182,937
100,194
7
....
10
....
154
....
171
1,247
803
4,366
7,180
2,430
677
4,197
593
467
3,573
2,890
4,286
24,636
499
1875.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
4,307,978 4,099,790 3,834,786 3,921,275 3,319,082
Perc’tage of tot. port
receipts April 30..
Total.
ton.
Beginning September 1.
288,848
893,664
618,727
566,824
Ah
Sept. 1 has been as follows:
689,264
779,237
Wil¬
ming¬ others.
96*86
94*34
9p96
93*56
94*91
totals
shall be
receipts at the
Alexandria, Egypt,
May 13.
than in 1878-79 and
Receipts (cantars*)—
that up to April 30 the
ports this year were 330,889 bales
539,077 bales more than at the same
we
[Vol. xxx.
-&T1
This statement shows
to the
CHRONICLE.
THE
524
more
This week....
Since Sept. 1
time in 1877-78. By adding
to April 30 the daily receipts since that time*
able to reach an exact comparison of the move¬
ment for the different years.
1876-77.
1877-78.
1878-79.
1879-80.
Tot.Ap.30 4,638,867 4,307,978 4,099,790 3,834,786 3,921,275 3,319.082
2,501
3,097
2,013
4,145
2,575
3,391
May 1....
S.
“
3,551
3,561
2,707
8.
6,454
2..
“
7,347
4,906
1,675
7,161
2,455
3....
4,642
"
5,874
3,098
S.
4,512
2,032
4....
4,633
“
2,117
S.
4,761
2,032
4,854
5....
4,696
“
S.
2,534
4,694
5,164
3,936
6....
4,017
“
8.
2,948
5,243
2,726
4,062
7....
4,282
“
7.008
2,275
4,187
3,851
2,439
8....
4,366
S.
“
2,484
2,435
S.
2,621
4,257
9..J
“
5,161
4,642
1,794
4,886
10....
1,953
7,180
“
2,945
S.
3,478
3,575
2,925
11....
2,430
“
3,371
S.
3,594
2,489
3,998
12....
4,197
"
3,415
2,882
4,211
4,324 *
3,573
13....
s.
S.
“
3,683
4,167
3,161
3,390
14....
2,890
4,689,164 4,349,361 4,148,694 3,872,469 3,969,470 3,363,303
Percentage of total
96 17
94-71
95-90
95-46
97-79
p'rtrec’Dts May 14.
Total
that the receipts since Sept. 1 up to
to-night are now 339,803 bales more than they were to the same
day of the month in 1879, and 541,470 bales more than they
were to the same day of the month in 1878.
We add to the last
table the percentages of total port receipts which had beeD
received to May 14 in each of the years named.
India. Cotton Movement from all Ports.—The figures
which are now collected for us, and forwarded by cable each
Friday, of the shipments from Calcutta, Madras, Tuticorin. Carwar, &c., enable us, in connection with our previously-received
report from Bombay, to furnish our readers with a full and
complete India movement for each week. We first give the
Bombay statement for the week and year, bringing the figures
down to May 13.
BOMBAY RECEIPTS AND SHIPMENTS FOR
Year Great Conti¬
Brit’n. nent.
FOUR YEARS.
Shipments since Jan. 1.
Shipments this week
2,000 161,000
2,000 76,500
2,000 230,000
1,000 180,000
453,035
4,000 237,500
3,000 410,000
Great
Total. Britain.
^
Receipts.
Since
Jan. 1.
This
Conti¬
Total.
nent.
Week.
....
Market.—Cable from Manchester not received.
1878-79.
1879-80.
32s Cop.
Twist.
‘
Mar.
ii
u
April
ii
u
ii
it
May
5
12
19
26
2
9
16
23
30
7
d.
d.
1138® 12
Cott’n
Mid.
Shirtings.
Uplds
d.
s.
9 -2)8
6 '2)8
d.
9
3
4*22)8
4*22)8
4*2®S
3
3
3
8.
7
llk^H^ 7
® 11 *2 7
11
11 ® 11 -*2 7
11 ® 11*2 7
....@
8*4 lbs.'
...
....
7
10*s®ll
103s® 1078 7
@
1879
1878 15,000 L 8,000 33,000 221,000 290,000
1877 22,000 31,000 53,000 281,000 309,000
514,000 50,000
730,000
331,000 50.000
511,000 30,000
590,000 57,000
543,000
6 >51,000
increase of 183,000 bales.
an
The movement at Calcutta,
Madras, Tuticorin, Car war, &c., for the same week and years has
been
as
follows.
7
’©S
0
6l5ifi
61316
Great
Britain.
Conti¬
8,000
9,000
5,000
Great
Britain.
Total.
nent.
Conti¬
-
144,000
13,000
13,000
Exports of Cotton (bales) from
4,000
87,000
15,000
59,000
.
Exported to—
ports.
Total to Great Britain
the ports
other than Bombay is the
whole of
same as
last
Same
ending—
Apr.
May
May
28.
5.
12.
Total to period
date.
previ’us
year.
14,198 18,977 19,300 24,613 360,025 218,673
Total French.
473
651'
1,284
22,051
8
1,723
Bremen and Hanover
600'
Hamburg
Other ports
....
2,323
1,284
651
22,051
12,035
13,708
18,745
2,703
1,693
3,431
1,616
1,292
3,910
29,431
18,774
8,079
7,780
6,895
56,284
All other
200
3,406
Total Spain, &c
200
3,406
14,671 21,308 28,564 32,159
...
2,202
2,835
5,610
Spain, Op’rto, Gibralt’r,&c
Grand Total
11,935
100
5,610
441,766|255,063
The Following are the Receipts of Cotton at New
York,
Boston, Philadelphia and Baltimore for the past week, and since
September 1, 1879:
New York.
This |
week.
Since
jSept. 1.
N.Car’liua
28li 40,554
49,000
90,000
Virginia..
226 198,190
For the
year.
678
last column the total
21.
473
145,000
India, therefore, the total shipments this week and
6*8
63s
63»
6*2
this week snow an
Apr.
Havre
Other French ports
191,000
The above totals for this week show that the movement from
7*2
7*22)7
7*22)7
14,198 17,714 14,810 17,139 339,792 213,861
4,812
1,263; 4,490 7,474 20,233
Liverpool
Other British
2,529; 162,127
1,692; 99,448
!
59I8
5*31S
6
6
New York since Sept. 1,1879.
Week
...
47,000
58,000
34,000
31,000
538
the total reaching 32,159
and direction since Sept. 1,1879, and in the
for the same period of the previous year.
271
j 176,352
.
Since
This
week.
Sept. 1.
171
23,545
2-,969
36,846
This
week.
31
i,i*44
Since
Sept.l.
5,279
74
6,059 -1,571 136.116
978 189,276 1,279 139,469
Foreign..
318;
......
.
—..
......
15,074
363
60,173
65
450
156i
73
11,340
10,377
74,110
52,995
North, pts
Tenn., <fcc.
Baltimore.
This
Since
week. Sept. 1.
2,575
i‘,290
164 105,108
1
Philadelphia. [
Boston.
5*650
.
1880
1879
1878
1877
®7
®7
3
4*2
Below we give our usual
showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
N. Orl’ans
Texas....
Savannah
Mobile
Florida.
Car’lina
Total.
nent.
6
6
5616
table
CALCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHEE.
Year.
678
increase, as compared with last week,
bales, against 28,564 bales last week.
from—
Shipments since January 1.
d.
d.
4*2
9
9
8®8@9*4 5
8782>912 5 9 /2>7 10*2
9
®9»s 5 10*22)7 10*2
4*2@7
8*4'3>838 5
5
83s 2)9
8*22)9*8 5
The Exports of Cotton from New York
Receipts
Shipments this week.
s.
1*2 2>7
0 ®7
3
®7
758#)8*4 5
778^838 5
0
0
d.
s.
Uplds
738®8*8 5
73s 2)8*8 5
1*2®8
10b«®103t 6 1012'®7 10*2
9%'a>L0*2 6 9 ®7 9
d.
Shirtings.
73s
73a
7*4
738
7*4
7*4
804,000
According to the foregoing, Bombay appears to show no change
compared with last year in the week’s receipts, but an increase in
shipments of 15,000 bales, and the shipments since January 1
show
d.
Cott’n
Mid.
8*4 lbs.
32s Cop.
Twist.
d.
....
Total to North. Europe
9,000 18,000 27,000 234.000 280,000
12,000 12,000 125,000 206,000
1880
-•
Sept. 1.
98 lbs.
A cantar is
Manchester
•
This statement shows
283,200
169,835
....
Total Europe
*
Since
This
Since
week. Sept. 1.
To Liverpool..
To Continent
1874-75.
This
week.
Since
This
week. Sept. 1.
Exports (bales)—
1875-76.
1,000
2,552,000
6,000
1,577,000
3,200,000
,
1878.
1879.
1880.
:
462
15,000
201 59,579
:
4,102
6,459 936,866
4,165 393.261
275
82,572
1,042 171,462
Last year. 12,187 833,683
7,198 318,528
890 81.273
911 156,493
This year.
since
January 1, 1830, and for the corresponding weeks and
periods of the two previous years, are as follows.
EXPORTS TO EUROPE FROM ALL INDIA.
Shipments
Europe
to all
from—
Bombay
All other
p’rts
Total
1880.
1879.
This
Since
week.
Jan. 1.
27,000
8,000
35,000
This
week.
Since
Jan. 1.
514,000
186,000
12,000
704,000
This last statement affords
1878.
This
Since
week.
Jan. 1.
33,000
511,000
13.000
331,000
145,000
25,000
476,000
33,000
49,000
560,000
very interesting
comparison of the
ending May 13, and for the three
years up to date, at all India ports.
a
total movement for the week
Alexandria Receipts
and
Shipments.—Through
arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria,
we now receive a
weekly cable of
Alexandria, Egypt. The following
are the receipts and shipments the
past week and for the corre¬
sponding WiSSkfl of the previous two years.
the paotrvements of cotton at
Shipping News.—The exports of cotton from the United
States the past week, as per Latest mail returns, have reached
93,844 bales. So far as the Southern ports are concerned, these
are the
same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week.
New
York—To Liverpool, per steamers St. Albans,
Total bales.
2,000....
City of Montreal, 1,835
City of Berlin,
Scythia, 712
1,027
Spain, 1,930
per ships Pamnure, 2,891
Lord
17.139
Strathnairn, 1,625—MeCallum More, 5,119....
774
To Hull, per steamer Bassano, 774
700
To Leitn, per steamer Crest, 700
To Cork, i. o., per ship L. L. Sturgess, 4,600
per bark Aus6,000
gar, 1,400
651
To Havre, per steamer Canada, 651
^
...
To Bremen, per steamer Habsburg, 450
Oder, 438
per
1,693
ship Shakespeare, 805
To Hamburg, per steamer Anna, 491
Frisia, 146—Wie1,292
land, 655
1.
219
To Rotterdam, per steamer Pollox, 219
3,691
To Reval, per bark Cyprus, 3,691
J.
New Orleans—To Liverpool, per steamers Boriuquen, 2,389....
Chancellor, 2,*<20
Australian. 6,575
per ships Win.
Tapscoit, 6,151
Sabmo, 2,761
Expounder, 3,224....
29,973
Cromwell, 2,003....per bark Gaspee, 3,200
.
525
CHRONICLE
THE
1680.]
Mat 15,
Tuesday.
Total bales.
4,641
201
1,766
1,987
4,498
3,352
2,075
1,620
Greenleaf, 4,941
201
1,766
Bell, 1,987
Mobile—To Liverpool, per skip C. W. White, 4,498
To Havre, per bark Australia. 3,352
»Charleston—To Bremen, per bark Neptun, 2,075 Upland
To Reval, per bark Respit, 1,620 Upland
.‘Savannah -To Bremen, per bark William, 2,727 Upland
TEXAS—To Liverpool, per ship Monanturn, 3,960.
#
r
To Havre, per ship Marcia
To Rouen, per steamer Ben More,
To Bremen, per steamer Hannover,
To Helsingfors, per bark Nannie T.
brig Eigil, 1,041
To Havre, per
2,727
3,960
1,041
1,252
... .
Baltimore—To Liverpool, per steamer Bolivar, 1,252
•Boston—To Liverpool, per steamers Tarifa, 169—Bavarian,
1,176
Atlas, 321
Canopus, 513
Philadelphia—To Liverpool, per steamer Pennsylvania, 413...
2,179
413
The
,2>12'3>i732
June-July G9^®^®9^
July-Aug... .61732®916
Delivery.
d.
Aug.-Sept.. .6i7aa®i93a Aug.-Sept
Sept.-Oct
6^2®i733 July-Aug
Oct.-NoV 6l4®916®^32 July-Aug
Delivery.
.
Deliver.
May-June... 69i0®i932
May
69i6'S>1932'®58
June-July ...69iC®i932
69ib
July-Aug:
®1932® 58
H’burg.
New York...
N. Orleans... 29,673
Mobile
Cliarlestou
Savannah
4,498
•
..
•
•
•
3.9G0
1,252
2,179
Baltimore..
Boston
m
m
•
•
•
....
,
....
.
1,620
•.
•
2,727
.
«
••••
....
....
....
....
....
....
....
....
....
Delivery.
May
‘
May-June
.6i932
July-Aug
.63s
Aug.-Sept
....69i6®i932'®916
May-June
.6i732®9i0
June-July.. .6i732S9i6
July-Aug
69j6
May
413
1,987
93,844
....
2,474
Total.... 59,114
9,772 5,311
201
9,985
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
Ben More, (881 tons net, of Shields), Kidder, from New Orleans, May 2,
with 201 bales cotton for Rouen, went ashore on the Florida Reef,
May 6, came off with the assistance of wreokers on the 7th and
proceeded for Norfolk to coal, where she arrived May 11. Salvage
Below
Cotton
•
.69i6'3> 1932
6i932
61*8
6932
Oot.-Nov
6932
May-June
June-July
June-July
July-Aug
65s
62132
6ii is
6®8
8ept.-Oot
J uly-Aug
-65s
Aug.-Sept
Sept.-Oct
,61932
61132
Oct.-Nov
Friday.
*
Delivery.
Delivery.
Delivery.
62132'5)11i6
May
May-June
62i32
June-July.. 62i32S>iiie
July-Aug
611] 6
Aug.-Sept
62332®%
6^
62i32
Aug.-Sept
June-July
6%
6532
6532
6532
Delivery.
Oot.-Nov
Nov.-Dee.*.
.6%
8ept.-Oct
-6H]«
-6H16
Mav-June
638
6516
Oct.-Nov
6D32
Oct.-Nov
Nov.-Dee
June-July.. 62i32®Hie
July-Aug
6H16
62333
Aug.-Sept
July-Aug
62i33
Sept.-Oct
Liverpool, steam d. 732®14
sail...<L 732®H
Do
Lj*
Havre, steam—c.
sail
kl
kr
*2®916
716® kl
1$®916
716® ki
%
Sg
sail.-.c.
%
916
916
916
910
d.
%
30
38
30
12®9I Q
716'®12
Hamburg, steam d. k2 5>9i6
Do
sail...c. 7ie®k2
c.
Amst’d’m, steam.c.
Do
1^*
Lj®910
7ie® kj
ks®9i6
7ie®k2
kj®9ie
Sail
Do
732®H
*2
Bremen, steam. ,c.
Baltic, steam
Do
sail
c.
Fri.
Thurs.
732®l4 732® X4 732®14 732'®X4
732®X4 3ie'®732 316'®732 31G'®732
Lj*
12®916 k3®9l0 k2@9l0
732® "*4
*2
c.
Wednes.
Tues.
Mon.
Satur.
12®916
710®kj
12®916
710® ki
932
932®516 932®516 932®516
ka
ki
kj®9i0
7i0®ka
kj®9io
710«>12
9ig
910
kj®9i0
7i6®k*
32®910+
7i0® ki
916
k2®9i0
30
30
932
932
Compressed.
Liverpool.—By cable from Liverpool, we have the
statement of the week’s sales, stocks, &c., at that port:
following
May 7.
May 14.
April 23. April 30.
42,000
24,000
32,000
3,800
1,510
714,000
512,000
77,000
65,000
39,000
Sales of the week
hales.
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Actual export
Amount afloat
Of which American
17,000
30,000
BRE ADSTU
PPS.
M., May 14, 1880.
Friday, P.
The flour market
has been quite
unsettled in tone the past
showing some irregularity; and yet the
changes are not important.
It is asserted that the production
of choice “ patents” from spring wheat has been much cur¬
tailed; prices of these rule very firm in consequence. Extreme
low grades from spring wheat are dull.
Good medium grades
from winter wheat are plenty, and prices thereof show weak¬
week, with prices
follows:
freights the past Week have been as
•
*
July-Aug
Aug.-Sept
we
allowed $3,000.
Do
.638
May
6i932
Oct.-Nov
Nov.-Dee
Dec.-Jan
Jan.-Feb
1,252
2,179
....
Delivery.
July-Aug
6i932®5s
Thursday.
5,001
....
69je
6i»33
May-June ...69i6®i932
'S>58®2132
Delivery.
2,727
....
....
....
....
.
1,041
7,850
3,695
....
....
....
2.075
-•••
..,
.
....
413
Philadelphia
m
•
fors.
Rouen.R’dam. Reval
32,159
3,204 3,691
1,987 38,568
201 1,766
4,941
3,352
....
...
...
Texas
m
Total.
6%
6&32'2) 3i e
6532
Oct.-Nov
N ov.-Deo
Dec.-Jan
6i932
Aug.-Sept
Aug.-Sept
Helsing
and
61*32
6*4
Oot.-Nov
Sept.-Oct... .69i6®1932 Sept.-Oct..
..
Hull,
6i732
June-July
Aug.-Sept
d.
69i«
Wednesday.
Bremen
Liver¬ Leith &
Cork. Havre.
pool.
651
17,139 7,474
6»32® *8
NoV.-DeG
Delivery.
arranged in our usual
particulars of these shipments,
6®i6®i732
69i«
May
May-June
77,612
Total
d.
Delivery.
34.500
15.500
29,000
3,600
1,680
719,000
501,000
56,000
27,000
6,300
370,000
395,000
15,000
31,000
5,000
1,990
696,000
To-day there were no new features,
ness.
but continued irregu¬
larity.
but, on the whole, im¬
proving, the demand having been very active for export and
has been variable,
The wheat market
the
speculation in futures quite
brisk. Yesterday, however,
reaction towards lower prices, in sympathy
with weak accounts from the West, No. 2 red winter closing at
$1 27% for June, $1 16% for July and $1 12 for August,
No. 1 white $1 24% for June. There was an active business in
No. 3 spring on the spot at $111@$113 and. No. 2 Northwest
spring for May at $1 23%. To-day there was a
there was some
and
decided im¬
red winter selling at $1 28%@$1 28^
provement, with No. 2
for June; but the close was quiet.
spot declined early in the week, and has
since been active for No. 2 mixed at 51@51/£c., while futures
486,000 advanced, No. 2 mixed closing last evening at 48%c. for June
34.500
27.500 and July. White, as well as yellow, samples continued scarce,
6.100
10.500 but they are not much wanted. To-day there was a decided
401,000
322,000
209,000 advance, with No. 2 mixed selling at 51@51^c. for May and
188,000
179,000
182,000
49/£c. for June and July. Receipts at the West are large, but
The tone of the Liverpool market for spots and futures each day cf the
the demand is very active. To-day a boat-load of Canada peas
week ending May 14, and the daily closing prices of spot cotton, have
sold at 81c. in bond, which is lower.
been as follows:
Rye has been firm, and Canada sold yesterday at 91c.
Friday.
Saturday Monday. Tuesday. Wednes. Tkursd’y
Spot.
bond, and the market to-day was active at 90%@91c. for State
Dull
Quiet
Firmer.
Dull.
Market, }
Steadier.
and
Dull.
and Canada. For barley, the season is practically ended.
and
12:30 p.m. J
nominal.
easier.
Oats have been less active, and prices variable and unsettled;
6%
Mid. Upl’ds
6J>
61316
6^10
g“ie
6 34
6%
6%
6%
Mid. Orl’ns.
613i(3
678
at
To-day the market was buoyant, with No. 2 graded
Market, ?
43/£c. for mixed and 45c. for white; No. 2 mixed selling at
5 p.m.
J
41@41%e. for May. *
8,000
5,000
5,000
3,000
5,000
Sales
5,000
500
The following are closing quotations:
2,000
500
1,000
500
Spec.& exp.
4,900
1,290
702,000
499,000
98,000
75,000
7,200
319,000
,
Indian corn on the
in
quoted
—
—
J
P. M.
These sales are on the
Steady.
Firmer.
Steady.
Dull.
The actual sales of futures at
below.
$ bbl. $2 50® 3 75
superfine
4 50® 4 80
Spring superfine
4 25® 4 65
Spring wheat extras.. 4 60® 4 90
do XX and XXX... 5 00® 6 50
fheat—
No. 3 spring, $ bu.$l 12
No. 2 spring
122
Amber winter ... 1 27
Red winter, No. 2 1 35
4 90®
5 40®
Patents
6 25®
Western *• rye mix”... 5 60®
City shipping extras. 4 75®
Southern, bakers’ and
family brands ...... 5 75®
South’n ship’g extras. 5 25®
Rye flour, superfine.. 4 70®
127 ®1 27*3
orn—West, mixed
51 ® 53
521g® 53t
West’n No. 2, new
No. 2
Market, (
5
GRAIN.
FLOUR. *
Futures.
Steady.
Quiet.
Liverpool for the same week are given
basis of Uplands, Low Middling clause,
unless otherwise stated.
Saturday.
Delivery.
May
May-J une
June-July,
d.
6%®2332
6 34®2332
Delivery.
d.
J uly-Aug
6 % ® 2332
Aug.-Sept..
..
62532®%
Delivery.
d.
Sept.-Oct.. -623322>n16
Oct.-Nov
s.638
6%®2332
Monday.
Delivery. '
.6%
-62i32
Nov.-Dec
May
6U16
May-June... 6111 b®2,132 July-Aug
June-July.. 6Dio®2i32 Aug.-Sept
July-Aug
6ii16 Sept.-Oct
Aug.-Sept
Sept.-Oct
Oct.-Nov
.ejiie
.6«>8
.6%
62333 May-June
62132
.66ie
June-July
Aug.-Sept
•
.62i32
Nov.-Dee
-
•
6732
May
June-July
July-Aug
..65s
Aug.-Sept
Sept.-Oct
..GSq
Oct.-Nov
Winter shipp’g extras.
do XX and XXX...
Corn meal—
Western, &c
Delivery.
Delivery.
Winter
Brandywine,
(From the “
5
6
8
5
25
75
00
85
6 00
6 75
5 65
5 00
2 50® 2 85
3 10® 3 15
White
No. 1 white
West, yellow, new
West, white, new
lye
>ats—Mixed
White...
tarley—Canada W.
State, 4-rowed...
State, 2-rowed...
’eas—Can’da.b.&f.
New York Produce
®1 28
54 ® 56
53 ® 55
89 ® 91
41 ® 44
44 ® 49
80 ®1 00
70 ® 80
62 ® 70
80 ® 95
Exchange Weekly.”)
Receipts of flour and grain at Western
ending May 8,1880:
for the week
1 22
®1 14
®1 24
®1 33
®1 35*3
lake and river ports
IHE CHRONICLE.
520
Flour,
Wheat,
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
bbls.
(196 lbs.)
At—
Chicago.......
40,936
Milwaukee
Toledo
Detroit
Cleveland
8t. Louis
43,558
125
1,708
2,484
22,866
5,975
Peoria
Duluth
(32 lbs.) (48 lbs.) (56 lbs.)
430,032 13,137 2,224
43,603 16,345 16,750
199,649 1,894,560
30,667
425,792
11,664
2,450
252,375
bush.
bush.
bush.
213,550
196,275
45,831
6,200
141,377
Rye,
Barley,
Oats,
37,104
3,525
21,400
109,782
109,600
48,450
301,570
4,002
900
15,703
21
7,440
12,500 18,000
rvoi,.
Wheat,
bush.
3,819,432
In Store at—
Milwaukee
Duluth (1)
Total
receipts at
Wheat
Com
Oats
bush.
Barley
Ry©
'
19,881,942
27,608.216
8,288,107
14,678,249
1,545,106
2,162,141
2,325,545
45,458,765
8,339,921
1877.
1878.
1879.
1880.
1,996,563
bbls.
Flour
ports from Jan. 1 to May 8, inclusive,
same
for four years:
62,587 44,435
58.236 55,029
755,046
497,364
805,332 2,965,078
1,072,484 1,876,850
21,680,722
27,600,533
7,609,597
6,232,362
24,628,432
5,499,655
1,407,462
744,802
1,944,458
2,028,888
1,048,926
2,431,110
767,546
71,362,950
58,856,079
60,729,424
39,049,709
receipts (crop movement) at the same ports
May 8, inclusive, for four years:
from Aug. 1
2,118,469
Total grain....
Total
to
1876-77
1877-78.
1878-79.
1879-80.
bbls.
4,343,388
5,070,101
4,934,535
4,198,798
hush.
77,062,679
89.960,395
22,753.355
75,980,708
67,678,611
24,248,117
65,166,013
62,690,149
20,021,154
35,625,347
63,378,333
16,545,445
Barley
9,985,348
3,719,534
9,070,634
Rye
3,384,279
2,602,346
Flour
Wheat
Cora
Oats
Total grain
180,933,339 160,171,563 126,161,579
203,481,311
....
8,010,108
8,909,970
4,005,269
Comparative shipments of flour and grain from
ports from Jan. 1 to May 8, inclusive, for four years:
bush.
Wheat
Cora
Oats
Barley
11,653,677
33,110,132
6,302,431
14.513,607
20,067,639
6,060,456
1,347,664
1,741,623
Total grain
Rail
....
5,350,295
19,500,984
22,112,144
4,002,966
17,304,426
506,826
4,324,102
1,423.32 4
1,337,714
684,752
830,286
1,113,480
53,153,650
43,213,611
43,117,252
Rye
1877.
1,531,281
2,145,229.
2,447,275
1,775,113
bbls.
Flour
-
1878.
1879.
1880.
the same
28,903,973
shipments from same ports for the last four weeks:
Week
Barley,
Oats,
Corn,
Wheat,
Flour,
bush.
57,214
73,570
58,005
82,286
bush.
656,966
667,611
476,906
463,965
bush.
bush.
1,232,300 2,536.455
1,297,509 2,256,299
116,770 1,025,043 2,383,850
81,696
940,573 2,275,624
bbls.
125,902
126,994
ending—
May 8
May 1
Apr. 24
Apr. 17
271,075 195.260
4,545,425 9,452,228 2,265,448
Total, 4 w’ks.451,362
349,194 332,384
5,211,817 7,511,662 1,602,175
4 weeks’79.. 524,483
Rye,
bush.
45,146
66,743
41,073
42,298
Receipts of flour and grain at seaboard ports
May 8:
for the week
ended
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
bbls.
bush.
bush.
bush.
bush.
bush.
94,559
36,461
2,500
13,873
12,860
657,166
3,400
420,766 283,094
234,000 80,750
1,800
5,500
157,083 13,179
299,000 52,800
43,400
8,400
191,385 12,375
30,650
24,095
16,400
1,000
2,500
1,000
195,021 1,011,826 1,351,134 452,393
Total week
Cor. week’79.... 170,581 1,645,722 2,403,020 310,232
49.550
28,295
25,800
65,797
At—
New York
Boston
..
..
Portland
Montreal
..
Philadelphia....
..
Baltimore
20.525
..
New Orleans...,
86,370
71,500
131,000
62,390
14,243
..
And from Jan. 1 to
May 8, inclusive, for four years:
.
Wheat...
Corn
Oats
Barley
Rye
..
bush.
..
—
Total grain
....
1878.
1879.
1830.
Flour...
2,200
1877.
3,075,840
3,604,058
3,066,577
2,410,113
18,461,548
45,141,741
6,767,359
1,435.629
334,136
28,301,402
6,540,755
1,367,392
1,105,285
24,039,125
36,767,339
5,408,697
2,091,770
1,480,546
2,062,363
28,500,309
5,163,279
1,070,501
422,501
72,190,413
75,374,555
69,797,477
37,218,953
38,059,721
Exports from United States seaboard ports and from Montreal
ending May 8:
for week
From—
New York
Boston
Flour,
Wheat,
Corn,
Oats,
Rye,
Peas,
bbls.
bush.
bush.
bush.
hush.
bush.
86,352
28,839
644,157
9,954
440,563
183,281
4,138
13
9,809
3,863
240
*
47,930
Portland
Montreal
Philadelphia..
10;309
134,379
Baltimore
19,269
545,873
Total for w’k 148,907
Bame time ’79. 93,983
1,334,376
1,399,288
1,511
372
315,480
223,567
1,000
1,102,891
5.475
1,8=65,567 43,668 190,362
11,320
48,361
The visible
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by lake, rail and canal, May 8, was as
at the
follows:
In Store at—
New York
Do. afloat
Wheat,
Cora,
Oats,
Barley,
bush.
hush.
bush.
bush.
94,805
64,446/
27,000
31,000
50,000
60,000
1,569,173
45,941
19,682
26,655
467,433
280,426
62,583
Buffalo
Chicago
7,968,193
2,909,643
•••.
••••*•
bush.
243,854
1,541,342
550,000
2,000
1,286,687
Albany•
Rye,
t
41,526
Oats,
BaTley,
bush.
bush.
bush.
3,162
238,000
270,000
Toledo
Detroit
361,945
166,483
367,837
11,996
Oswego (1)
150,000
35,000
201,775
53,768
322,740
St. Louis
Boston
Toronto
3,200
2,177
3,673
'377
1,000
185,000
61,000
553,426
278,631
115,136
5,517
22,800
35,800
134,971
103,700
101,835
67,300
124,426
128
195,891 1,033,040
1,600,000 2,260,000
561,410
95,000
57,214
407,066
1,779,000
.
375,649
1,188,000
.......
22,183,227
2.1,494,865
23,002,047
23,838,359
24, ’80
17, ’80
10, ’80
10, ’79
12,310
402
377
33,646
■
...
17,328
400
1,667
36,946
8,200
38,000
117,000
908.854
12,155,416 2,144,094 1,135,622
1 2,747,937 1,909,549 1,292,978
13,969,947 2,085,255 1,350,585
15,877,576 2,253,504 1,669,178
506,680
448,635
495,376
544,070
637,073
105,634
8, ’80. 21,241,555 11,747,740 2,063,791
1. *80
....
5,111
56,400
141,812
.
*
11,946
3.083
3,200
322
Indianapolis
City
May
Api.
Apr.
Apr.
May
50,087
132,978
Kansas
Total May
bush.
21,263
196,907
8,237
Baltimore
Rail shipments...
Lake shipments..
On canal
183,423
215,087
Peoria...-
Rye,
6,176
148,173
150,611
Montreal (1)
Philadelphia
Total
117,652
Same time ’79. 116,956
Corn,
xxx.
15,108,416 10,626,900 1,759,133 1,176,664
877,174
THE DRY GOOD3 TRADE.
Friday. P. M..
May 14, 1880.
dry goods has been "quiet and somewhat
past week.
Following the break in prints.
previously reported there was a decline in some prominent makes
of bleached goods, which was regarded by many buyers as the
forerunner of a re-adjustment in prices of other cotton fabrics,
and their operations were consequently limited to current
requirements. In woolen goods there was a fair movement on
account of former orders, and values were steadily maintained;
but new business in this connection was exceedingly light.
Under the influence of seasonable weather,which stimulated the
retail trade, jobbers have experienced a moderate demand for
re-assortments of domestic and foreign fabrics; but selections
were restricted to such small parcels as to indicate that retailers
in most parts of the country are still carrying ample stocks,
which must pass into consumption before any material improve¬
ment in business can be looked for. The “Phenix Manufacturing
Company” made an important sale of about 10,000 dozen
domestic silk handkerchiefs, through one of the leading auction
houses, with very successful results, the entire offering having
been disposed of at good average prices.
Domestic Cotton Goods.—The exports of -domestics hence to
foreign markets during the week ending May 11 were 1,262
packages, including 565 to Great Britain, 295 to Brazil, 120 to
Hayti, 92 to Mexico, 66 to Argentin * Republic, and some smaller
lots to other countries. The export demand for brown cottons
was liberal, and some large orders were placed in Boston for
future delivery; but operations on the part of jobbers were
light and unimportant. The feature of the week was a reduc¬
tion of one cent per yard on such well-known makes of bleached
cottons as Lonsdale, Hill’s, Blackstone AA, Hope, Fitchville,
&c., and there was also a decline in rolled jaconets, which
receded to 7c. Brown and colored cottons were nominally
steady, but agents evinced a desire to keep such fabrics moving
by placing them “ on memorandum ”—a course which is sug¬
gestive of price revisions in the near future. Print cloths were
more active, but lower; sales of 64x64s having been made at
4%@4/£c„ and 56@60s at 3%@3%c. Prints remained quiet,
but wide printed-cottons, lawns, ginghams and dress goods
were in fair request and steady.
Domestic Woolen Goods.—The main features of the woolen
goods market are unchanged. The business of the week was
chiefly restricted to making deliveries in execution of former
orders, and new transactions were light in amount. The' best
makes of fancy cassimeres, cheviot suitings, worsted coatings
and overcoatings (most of which are under the control of
orders) are steadily held; but slight concessions are occasionally
made in less popular fabrics, in order to quicken their move¬
ment. Kentucky jeans ruled quiet aside from some of the
lighter grades, for which there was some inquiry, and satinets
were slow of sale. Flannels and blankets lacked animation, but
ruled firm in price, and carpets wrere only in moderate request.
Foreign Dry Goods.—There was a steady demand for light
re-assortments of imported goods at both first and second hands,
but transactions were strictly moderate in the aggregate.
Specialties in dress goods received a fair share of attention,
but silks ruled quiet. Imitation laces were in good request, but
selections of linen and white goods, embroideries and hosiery
were chiefly of
a hand-to-mouth character. Prices remain
steady on most foreign fabrics, except silks, inferior grades of
which are selling at low and unremunerative prices by im¬
porters.
The market for
unsettled the
Mat 15,
527
THE CHRONICLE.
1880.]
Importations of Dry Goods.
Receipts of Leading
_
Articles of Domestic Produce.
The importations of dry goods at this port for the week ending
The following table, based upon daily reports made to the
May 13, 1880. and for the corresponding weeks of 1879 * and New York Produce Exchange, shows the receipts of leading
1878, have been as follows:
articles of domestic produce in New York for the week ending
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING MAY 13, 1880.
r
Value.
Pkgs.
Flax
Miscellaneous
674,501
2,180
Total
Manufactures of—
1,342
462,627
168,111
104,105
722
3,340 1,105,614
Miscellaneous
42,355
54,752
86,062
26,064
62,874
47,975
20,911
3,212
35,51S
69,366
29,002
2,691
Flax
3,308
216,386
Ent’d for consumpt.
2,180
674,501
market...
5,488
Total
258,493
3,898
3,340 1,105,614
1,062
2,004
166
118
52
148
158
Silk
Flax
Miscellaneous
2,180
177
160
71,388
87
246
75,730
42,805
23,794
2,686
26,555
175,559
674,501
3,356
850,060
2,822
Total at the port...
64,719
25,417
34,035
27,594
r
642
Total
Ent’d for consumpt.
217,563
396,099
450,420
219,023
176,787
5,742 1,459,892
ending Since Jan.
1880.
May 11.
Ashes
Beans
46,661
Flour, wheat
66,550
63,038
95,560
51,266
21,836
298,250
L,271
5,742 1,459,892
454
206
131
537
569
160,458
74,701
103,928
113,442
25,198
6,696 1,368,753
477,727
1,897
5,742 1,459,892
7,639 1,937,619
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port since
January 1, 1880, and for the same period in 1879:
The
given in packages when not otherwise specified. 1
1879.
1880.
China, &c.—
China
Earthenw
Glass
Glassware.
Glass plate.
Buttons
•
.
2,708
5,866
10,969
15,942
891,011
Cotton,bales
Drugs, &c—
Bark, Peru.
powd.
Cochineal..
Gambier
.
.
Gum, Arab.
Indigo
Madder, <fcc
Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
..
12,867
9,861
2,244
41,775
3,354
4,079
-822
20,158
753
..
Soda, ash..
Flax
Furs
Gunny cloth
Hair........
Hemp, bales
Hides, &c.—
Bristles
2,628
..
.
Hides,dr’sd
India rubber
Ivory
Jewelry,&cJewelry..
.
Watches
Linseed
Molasses....
.
7,852
28,606
32,477
2,747
5.103
1,561
5,943
82,128
934
1,349
392
.
Metals, <feo—
Cutlery
Hardware...
1879.
18S0.
•
Metals, &e—
30,254
3,942
4,196 Lead, pigs.
673,176
13,829 Spelter, lbs 3,424,320
26,191
198,359
86,993 Steel
641,829
441,476
9,773 Tin, boxes.
1,859 Tin slbs.,lbs 14,260,917 4,949,230
122,625
44,223
4,291 Paper Stock.
11,200 Sugar, bbds,
11,618 tcs., & bbls.
239,370 i 241,541
857,617 Sugar, boxes
744,112
5,498 and bags... 1,059,558
425,049
371,852
Tea
30,837
23,634
15,663 Tobacco....
495
217
6,671 Waste
1,475 Wines, &o.—
28,471 Champ’gne
baskets..
49,050
29,021
1,966
73,049
-'2,375 Wines
51,538
1,356 Wool, bales.
64,773
15,778
14,294 Reported by
393
$
value.
$
615,420
7,215 Cigars
504,727
36,146
22,720
24,074 Corks
370,935
24,207 Fancy goods
296,714
1,060 Fish
171,003
145,577
2,791 Fruits, <fec.—
500
512,923
337, G97
Lemons
1,609 Oranges
1,065,498 1,033,656
83,279 Nuts
369,570
297,547
515,426
Raisins
330,079
499 Hides, undr. 11,029,020 4,137,946
1,768 Rice
91,680
56,153
1S,437| Spices, &c.—
426
154,828
87,431
Cassia
61,349
40,185
Ginger....
256,093
258,997
Pepper....
239 Saltpetre
205,919
149,028
-
..
151,723
...
224,737 Woods—
25,894
1,854
2,952
185
496
Cork
Fustic
Logwood
..
Mahogany.
240,120
17,446
315,057
195,513
85.928
80,454
64,50 L
318,991
Exports of Provisions.
the exports of provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending May 8, 1880, and their distribution :
The following are
To—
London
Liverpool....
Glasgow
Bristol
Newcastle...
Hull
'
British ports.
Antwerp...,.
Bremen
Hamburg....
Nor.&Sweden
Havre
Marseilles
French ports.
Pork,
Reef,
Lard,
Bacon,
Cheese,
Tallow,
bbls.
bbls.
lbs.
lbs.
lbs.
lbs.
1,069
2,285
315
619
557
200
75
1,741
65
225
250
....
....
So. & C.Amer.
Cuba
Havti
West Indies..
British Col...
Oth’r countr’8
Brazil
-
1
267
2,113
2,194
1,502
1,462,432
1,884,177
2,761
40,349
8,631,233
257,875
13,443,769
3,892,914
1,574,178
213,099
380,550
17,686
10,934
61,606
60,782
21,270
6,791
1,423,947
58,821
64,594
13,983,297
1
....
75
554
155
513
....
4,841
1,720,853
53,100
707,328
369,670
120,515
11,660
5,314
1,329
6,990
20
977
760
385
95,532
1,953
.hhSs.
Molasses
Molasses
......
.bbls.
.
Naval Stores—
Turpentine, crude.. ..bbls.
Turpentine, spirits.. bbls.
Rosin
Tar
Pitch
Oil cake
Oil, lard
Oil, whale
-
2,217
14,281
61,360
71,150
94,000
363,500
145,000
356,120
202,021
1,459,160
1,985,316
493,800
320,625
1,917,325
5,100
572,925
760,000
911,673
19,000
214,300
251,600
32,600
6,000
156,744
171,000
57,954
112,079
3,500
3,050
79,200
2,763
318
13,144
3,000
58,532
6.576
3,500
1,980
1,843
1,942
2,350
120
22,165
43,225
3,160
80,000
73,900
9.060,344 17.744,636
2,097
8,570
1,599
44,278
51,493
7,935
1,257
37,880
26,176
29,587
21,178
Id,149
3,247
49,171
15,501
122,522
18,747
717,908
755,351
370,184
182,321
402,124
.pkgs.
.pkgs.
-pkgs.
•pkgs.
-pkgs.
..bbls.
tcs. & bbls.
...So.
.slabs.
Stearine
.
......
1,142
1,398
738
■Pkgs.
.bbls.
.pkgs.
boxes & cases.
.libels.
2,645
3,003
1,264
6,530
.bales.
859
Whiskey
Wool
Exports ol Leading
339,721
206,638
314,791
21,696
49,869
17,063
44,530
13,299
266,278
254,378
53,892
40,674
32,824
22,286
7,278
1,006
71
hhds.
26,851
7,202
42,518
61,349
20,477
125,709
9,206
*
47jl55
49,721
18,479
132,739
16,398
Articles of Domestic Produce.
following table, based upon Custom House returns, shows
exports from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exporta
from the 1st of January, 1880, to the same day, and for the cor¬
responding period in 1879:
The
the
Week ending
May 11.
Ashes, pearls
Beeswax
Breadstuff's—
Flour, wheat
Flour, rye
Corn meal
...bbls.
...bbls.
...bbls.
...bush.
bush.
Wheat
Rye
Oats
Peas
Corn
Candles
Coal
Cotton
1,810
43,581
16,50S
73,337
1,291,833
1,503
1,110,539
2,999
63,580
15,250,339
1,205,137
219,760
86,299
151,845
10,443,153
24,213
33,981
102,875
52,626
23,730
11,550
20
2,304
735,087
4,153
Domestics
.busli.
......
.bush.
...hush.
1,465
398,372
.pkgs.
573
344
...bales.
30,216
...pkgs.
1,262
1,601
..
..
Hay
Hops
......
Naval Stores—
Crude turpentine
.
Pitch
667
....bbls.
7,341
Tallow
Tobacco, leaf
Tobacco
bales
1,850
3.471
75,547
2,743
69,559
1,174,211
670,571
288
52,756
15,643
1,068
115,190
236,766
14,047
....gals.
2,197,414
89,224,676
75,482
35,909
394,851
3,851
62,845,882
....bbls.
2,899
90,198
20,354
25,646
221,022,286
6.698,529
15,848,825
•
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Butter
Cheese
Lard
Rice
190,862
33,133
35,290
•
125
26
'
-.
Sperm
20,991
4,790
90,496
2,606
1,969
....
Oil cake
Oils—
Whale
59,426
14,898,874
671,336
64,762
254,660
171,046
11,822,262
22,990
48
100
bbls.
bbls.
...
Same time
last year.
766
...
..
1,
547
73
*
Barley
Since Jan.
1880.
50
...bbls.
bbls.
lbs.
Ashes, pots
—gals.
—gals.
—gals.
738
1,249
12,700,044
306,420
1,038,462
lbs.
...hhds.
and cases.
Tobacco.manufactured. lbs.
Whalebone
999.92411,908,050
96,536
11,479
10
..bbls.
Spelter
Rosin
1,041,150
599
20,098
1,056
-Pkgs.
Tar
66,000
192,500
44,000
121,000
1,420
24,038
122,708
8,904
194,221
Hogs, dressed
377.220
11,000
4,941
75,059
921
RiceT.
307,500
153,000
545
41,674
249,927
Cutmeats
Tobacco
Tobacco
3,223
90,612
80,587
60,308
24,856
1,529,892
401,346
23,448
Pork
Beef
Tallow
367,678
11,179
-pkgs.
Provisions—
Sugar
Sugar
487,636-
10,250,144
3,041,959
1,435,068
147,516
852
20
Peanuts
Cheese
Eggs
Lard
Lard
2,660
i.bbls.
..bbls.
.galls.
Spirits turpentine.
54,180
526,305
8,012,082 -..657,107
9 SO,475
110,640
164,280
388,075
434,150
1,685,520
....
Total week.. 11,367
2,916,666
,
...
Mexico
265,000
556
248
37
50
91
400
Italy
79,974
.
1,008*
33,160
-
..bbls.
Corn meal
Wheat
...
....
1,398
3,891
30,933
30,123
Butter
-
14,092
Coal, tons...
Cocoa, hags.
Coffee, bags.
Blea.
5,594
18,894
259,322
1,670
21,023
.bush.
.bush.
Rye
.
.bush.
Corn
.bush.
Oats
Barley and malt.... .bush.
.hush.
Peas
.bales.
Cotton
..bbls.
Cotton seed oil
Flax seed
.bags.
Grass seed
.bags.
...tfo.
Hides
.bales.
Hides
.bales.
Hops
.sides.
Leather
..pigs.
Lead
Imports of Leading Articles.
{The quantity is
92
851
.
263,139
3,310 1,105,614
Same time
last year.
.bbls.
..bbls.
Breadstuff's—
MARKET DUR177
166
120
211
597
1,
Week
890,887
Manufactures of—
—
Value.
7,238 1,364,107 7,013 1,758,142
WAREHOUSE DURING SAME PERIOD.
ENTERED FOR
Wool
Cotton
2 L4,159
230
112
71
273
182
122
60
253
Wool
Cotton
Silk
ou
612
ING THE SAME PERIOD.
.
also the
$
136,612
WAREHOUSE AND THROWN INTO THE
WITHDRAWN FROM
Total
369
928
714
855
474
84,768
149,508
268,212
135,169
36,844
234
531
429
771
215
Wool
Cotton
811k
Pkgs.
$
$
Manufactures of—
Value.
Pkgs.
Tuesday last (corresponding with the week for exports)
receipts from January 1, 1880, to that day, and for the
corresponding period in 1879:
with
1880.
1879.
1878.
lbs.
5,717,711
110,686,712
540
5,842
1,741,511
28,033,273
859
606
24,496
16,550
176,033
1,560
2,566,606
44,361
.
2.175
98,182
18,891
24,308
267,298,997
10,739,539
32,467,069
111,752,689
6,462
28,296,770
19,012
9,789
2,656,571
21,278
THE CHRONICLE.
528
Brooklyn Trust Co.
as
sts., Brooklyn, N. Y.
receiver, trustee, guardian, executor, or ad¬
ministrator.
It can act as agent
real estate, collect
in the sale or management of
interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
Bnd this Company a safe and convenient depository
for money.
RIPLEY ROPES, President.
CHA'S. R. MARYIN, Vice-Pres’t.
TRUSTEES:
Wm. B. Kendall, Henry Sanger, Alex. McCue,
John P. Rolfe,
Chas. B. Marvin, A A. Low,
Thomas Sullivan, Abm. B. Baylis, Henry K. Sheldon
H.E. Pierrepont, Dan’IChauncey, John T. Martin,
Alex. M. White, Josiah O. Low, Ripley Ropes,
Austin Corbin. Edmund W. Corlies.
WM. R. BUNKER, Secretary.
SPECIAL ATTENTION GIVEN TO
TIATION OF
Hatch &
WALCOTT
C.
Transact a General Banking Business, buy
commission all securities dealt in at
on
York, Philadelphia and Boston
either for cash or on margin.
and sell
the New
Stock Exchanges,
Special attention
Gilman, Son & Co.,
BANKERS,
RAILROAD
SELL
ALL
LANEOUS SECURITIES.
OSCAR B. SMITH.
DEALT
,
Street, New York,
And 83 Devonshire Street, Boston.
No. 19 Broad
Buy and Sell on Commission all Securities
Current at the New York Stock Exchange.
Allow Interest on Deposits. Make Advances
Collateral.
Trask & Francis,
BANKERS AND BROKERS,
New York.
also,
Cor. Maiden Lane & James St., ALBANY,
Transact a General Banking Business.
STOCKS and BONDS Bought and Sold on
mission, and carried on Margins.
Deposits received and Interest
N. Y.
Com¬
Allowed-
James M. Drake & Co.
21
BANKERS)
AND 22 DREXEL BUILDING,
BANKERS and BROKERS
12 years
BUY and SELL RAILROAD STOCKS
U. S. GOVERNMENT, STATE. CITY,
and BONDS
and all otker
Sheldon & Wadsworth,
STREET,
WALL
AND
BANKERS
BONDS
DEALERS
AND
Buy
and' Sell on Commission, for Cash,
vances
IN
Between New York and Havre.
From Pier (new) No.
or on
STOCKS.
and
Ad¬
Wm. B. Wadsworth.
Hinckley & Jones,
Street, New York.
GOVERNMENT BONDS. STOCKS
AND INVESTMENT SECURITIES
BOUGHT AND SOLD ON COMMISSION.
SPECIAL ATTENTION GIVEN TO
STOCKS.
JHISING
Buttrick &
BANKERS
Nos. 37 & 39 Wall
C. A. Buttrick, Member of the N. Y. Stock
Wm. Elliman, Member of the N.Y. Mining
Exch’ge.
Exch’ge.
York.
f Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
Securities.
P. O. BOX 2,647.
A. M. Kidder.
Wayland Trask.
H. J. Morse.
Dodge, Potter & Co.,
BANKERS
AND
COTTON COMMISSION MERCHANTS,
34
PINE
New
STREET,
York.]
close connection at
the Pacific Steam
Navigation Company, being the quickest and most
direct service between New York and the west coast
of South America. Sail from pier 51 North River.
For Kingston, Aspinwall, Greytown, Colom¬
bia, Panama and South Pacific Ports :
ATHOS
May 25 I AILSA
For HAYTI:
.May 27 j ATLAS
ANDES
dealers in
For Porto Rico
GOVERNMENT AND INVESTMENT SECURITIES
BUY AND SELL ON COMMISSION,
:
June 11
May 20 1 CLARIBEL
ETNA
For North Jamaica and Maracaibo :
For cash or on margin, all securities dealt in at the
New York Stock Exchange. Brokers in State, Rail¬
June 9
May 19 I HOUSSA
ARRAN
Superior accommodation for first-class passengers.
For freight or passage apply to
P1M, FORWOOD & CO., General Agents,
No. 87 Wall Street.
Municipal, Mining and Miscellaneous stocks
and bonds.
Co.,
AND BROKERS,
It., Cor. New, New York.
a
SECURITIES.
INVESTMENT
Special attention to business of country banks.
J. H. Latham & Co.,
52
STREET,
Buy and Sell Investment
Our Aspinwall steamers form
Panama with the steamers of
Street, Drexel Building:.
A. H. Brown &
cabin, $100; steerage, $82.
DE BEBIAN, Agent,
6 Bowling Green.
Atlas Mail Line.
Clinton B. Fisk & Co.,
IN
EXCHANGE,
GOLD
Louis,
'
OTHER
INVESTMENT
BANKERS,
New
LOUIS
BONDS, STOCKS and INVESTMENT SECURITIES
BOUGHT AND SOLD UN COMMISSION.
AND
WALL
Through bills of lading granted for Spain, Italy
and Algeria.
Price of Passage:—First
St, New York.
United States, Chicago, Cincinnati, St.
District of Columbia Bonds,
18
mediterranean Service.
BROKERS,
AND
Paris in
Steamers will leave New York direct for Lisbon,
Gibraltar and Marseilles every month as follows:
FERDINAND DE LESSEPS. .Mon., May 17,1L A. M.
VILLE DE MARSEILLES
.....About June 17
CALDERA
About July 17
Elliman,
BROKERS
No.
utensils.
Return tickets at very reduced rates.
Checks drawn on Credit Lyonnais of
amountB to suit.
B. Hinckley,
Wm. M. Lent.
L. M. Jones,
San Francisco.
Member N. Y. Stock Fxchange.
(Special.)
Member N. Y. Mining Stock Exchange.
FOREIGN
d& Co.
street.
LABRADOR, Sanglier
Wed., May 19,1 P. M.
ST. LAURENT, Santelli....Wed., May 26. 7:80 A. M.
PEREIRB, Danre
Wed., June 2,1:30 P. M.
PRICE OF PASSAGE, (including wine;:
To Havre—First cabin. $100 and $80; second cabin,
$55.
Steerage, $26, including wine, bedding and
No. 17 Nassau
way,
42 North River, foot of Morton
Securities, in lots to suit.
T Wall
made on same.
Wm. C. Sheldon.
EX
Travelers by this line avoid both transit by Eng¬
lish Railway and the discomforts of crossing the
Channel in a small boat.
BANKERS
All classes of negotiable securities bought
sold at the Stock Exchange on Commission,
NEW YORK STOCK
Direct Line to France.
membership in N, Y. Stock Exchange*
BANKERS,
Negotiable Securities, ON COMMISSION.
Mr. J. M. Drake has been a member of the Nev
York Stock Exchange since 1852, and will give per¬
sonal attention to all business entrusted to the firm.
10
AND MIS
ACTIVELY
GENERAL TRANSATLANTIC CO.
Exchange CoArt, New York.
No. 3 Broad
St., New York.
Wall
THE
NOT
ONLY
R. <T. Kimball & Co.,
.
BANKERS AND BROKERS,
TO Broadway <fc 15 New St.,
OF INVESTMENT
SECURITIES
Steamships.
STREET.
BROAD
37
No.
N. Y. Mining Exch’ge
ANTHONY, POOR & OLIPHANT,
on Approved
BONDS AND STOCKS.
Correspondence solicited and information cheer-
Member N. Y. Stock Exchange.
_
Place,
SELLS
fullv furnished.
Margin, Stocks, Bonds, and all Investment
ties
Jab. H. Oliphant, Member
IN AT
AND
BROKERS,
BANKERS AND
4
General Banking Business, buy
sell Government Bonds and Investment Securi¬
jas. L. Anthony,
Henry W. Poor.
CLASSES
CELLANEOUS
Pomeroy, Cox & Smith,
In addition to a
and
Exchange
BUYS
GOVERNMENT BONDS, STOCKS AND MISCEL¬
STREET.
CEDAR
51
CHANGE A SPECIALTY.
given to Mining Stocks.
Jos. C. Walcott,
Frank F. Dickinson.
Members N. Y. Stock and Mining Exchanges.
62
Rosenbaum,
H. W.
CO.,
&
BANKERS,
42 Broad Street,
No.
All Securities dealt In at the Exchange
Foote,
AND
ST.,
Buy, Sell and Carry on Margins
THE NEGO¬
BANKERS, No. 13 WALL STREET,
BUY
Exchange,
68 BROADWAY AND 17 NEW
SECURITIES.
RAILROAD
N. P. Henderson,
Members N. Y. Stock
Pine
EDWARD POMEROY, W. H. COX, JR.,
JT.
C. H. Kimball, J. P. Howell,
BANKERS,
Street/ New York.
11
Cullen,Counsel.
Edgar M.
Kimball, Howell & Co.,
Walston H. Brown & Bro.
authorized by special charter to
This Company is
act
FRED. A. BROWN.
WALSTON H. BROWN.
Cor. of Montague & Clinton
Financial.
Financial.
Financial.
The
| VoL. XXX,
WILLIAM
STREET.
F. W. Perry.
Wm. F. Owens,
Geo. A. Mercer.
•
303-404-170-351-332,
and his other
SECURITIES,
J. H. Latham.
MEDAL, PARTS, 1878.
His Celebrated Numbers,
-
styles may be had of all dealera
throughout the world,
Joseph Gillott & Sons,
*
New Tork.
Member N. Y. Stock Exchange.
Owens &
Mercer,
RANKERS
AND COMMISSION STOCK
BROKERS,
;
7 Exchange Court and 52 Broadway.
Interest allowed on deposits, to be drawn at will
Also, Contracts made and carried in New York
Cotton and Produce Exchanges. We issue a Daily
Letter which will be sent on application.
J. D. Probst & Co.,
STOCK
AND
BOND
BROKERS,
No. 52 EXCHANGE PLACE, NEW YORK.
Stocks, Railroad Bonds, Governments, and
Miscellaneous securities, bought and Sow}
OF NEW YORK,
F.S.WINSTON, PRESIDENT
SSUES EVERT APPROVED
DESCRIPTION®
-1FE AND ENDOWMENT
POUCH
WBRMS^AS favorable as those®.
ORGANIZED APRIL I2TH
1842^
@FedFRASER