The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MERCHANTS’
HUNT’S
MAGAZINE,
$ SWeeMjj §kWiSiniper,
INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,
REPRESENTING THE
—
—
■
i
—
-
'i
--
VOL. ]8.
in
-
-
-
—
-
—,
n
—
’
■ —
THE CHRONICLE.
The Dullness of Business and
its Remedies
Inflation in the Senate
The Geneva Award and the In¬
surance Claims
,
Southern Immigration
489
490
492
492
Changes in the Redeeming
Agents of National Banks...
Commercial
English News
493
Latest Monetary and
Commercial and
News
494
Miscellaneous
496
.
THE BANKERS’ GAZETTE.
Money Market, U. S. Securities,
Quotations of Stocks and Bonds
Foreign Exchange, New York
New York Local Securities
Investment and State, City
City Banks, Boston Banks.
Philadelphia Banks, National
501
and
Corporation Finances
THE COMMERCIAL
Epitome
497
600
Banks, etc.
Railway Stocks, Gold Market,
505 I
606 |
509
502
TIMES.
510
511
Dry Goods
Prices Current
$l)£ tffyronicU.
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur¬
to midnight of Friday.
TERMS OF SUBSCRIPTION—PAYABLE IN ADVANCE,
and Financial Chronicle, delivered by carrier to city
subscribers, and mailed to all others (exclusive of postage):
For One Year (including a file cover the first year)
$10 00
The Commercial
For Six Months
THE
6 00
great convulsion will supervene, as a result
MONITOR,
a Journal ofgeneral Railroad Intelligence, supplementing the financial news
contained in the Chronicle, is published monthly on -Thursday the fifteenth,
or about the
fifteenth, of each month.
Subscription price per<r
year (including a file cover the first year)
to subscribers of the Chronicle
$5 00
“
3 00
7 he Chronicle and Monitor will be sent to subscribers until ordered discon¬
tinued by letter. Postage is paid by the subscriber at his own post-office.
Subscriptions and Advertisements are taken in London at the office of
Chronicle, No. 6 Austin Friars. Old Broad street, at the following rates:
the
Annual
“
Subscription to the Chronicle (including postage)
“
William b. dana,
)
John a. floyd, jr. j
£2
2s.
1
0s.
“
“
Monitor
Chronicle and Monitor together
of two
us
from
the world
RAILWAY
2 14s.
WILLIAM B. DANA & OO., Publishers,
79 and 81 William Street, NEW YORK.
Post Office Box 4,592.
by the publishers.
Mr.
Alex. Holmes is the only authorized
traveling agent for the
Chronicle in the United States.
Mr. Edward McFee is the only authorized traveling agent in Great Britain.
THE DULLNESS OF BUSINESS AND ITS REMEDIES.
evils
which
all the. commercial
countries
-
in
suffering from, and which must evidently
result from general causes such as are beyond the reaoh of
legislative supervision ?
Secondly, we have reason to believe that such Con¬
gressional attempts to interfere with business have always
done barm. By parity of reasoning it follows that if Con,
gress tampers with the currency in the hope of removing
these causes of commercial depression which are
beyond
their reach, the result will be that they will make things
worse.
The Publishers cannot be responsible for Remittances unless made oy
Drafts or Post-Office Money Orders.
JTA neat file for holding current numbers of the Chronicle is sold at the
office for 50 cents; postage on the same is 20 cents. Volumes hound for sub¬
scribers at $1 50. The first and second volumes of the Chronicle are wanted
NO. 464*
of which
things will happen—either a disruption of the
Union or a restoration of specie payments. To indulge in
such wild and ridiculous ; conjectures is rather worthy of
ignorant enthusiasts than of well-read statesmen and
thoughtful men of business. We should do better to study
the recent and earlier records of paper money inflation in
this country and elsewhere in preference to indulging the
less laborious and infinitely less useful occupation of dream¬
ing and conjecture which are in some quarters so popular.
From such a study we shall find, in tho first place, that
the dullness of business of which we complain is not pecu¬
liar to ourselves or limited to this continent. England is
complaining of it. France is complaining of it. So are
Germany and Austria, and other countries. What right
have we to blame Congress for not using some impos¬
sible legerdemain with the currency in order to preserve
some
one
The Commercial
'
i -
SATURDAY, MAY 16, 1874.
CONTENTS.
Commercial
Cotton
Breaastufts
~~i
are
If like Uzziah
we
stretch forth
our
hand to touch
rashly the sacred ark of the currency, we need not be sur¬
prised if mischief comes of it.
From these general principles it is not wonderful that the
Congressional action of the current year is blamed by all
parties, and probably the most popular thing whioh could
be done by that body is to let the currency alone for the
rest
of the session.
outset of the session
This is the
course
recommended at the
by the earnest and the most conser¬
under the belief that the dullness of business is due to the vative leaders of public opinion.
It had been well for the
mismanagement of Congress, and especially to their sins of country,—for its farmers, merchants, and manufacturers,—if
emission or of commission in regard to the currency.
It the National Legislature had profited by the warning.
But it is asked, ought not Congress to define the status of
is one of the evils which was foreseen when the paper money
policy was first adopted, that a dangerous strife of conflicting the greenback circulation % The answer is that, for reasons
issues was projected into the politics of the nation, which we have often expounded, Congress, under the Constitution,
the struggles of half a century or more would perhaps be has no power over the greenbacks—no power whatever ex¬
required to get rid of. We should take a short-sighted cept in two respects. First, in time of war, and at no other
view of the situation if we were to suppose that these time, Congress may sanction the issue of greenbacks.
Sec¬
struggles are near their end. They are as yet in their ondly, in time of peace, Congress may sanction the redemp¬
incipient stages; and although we will not affirm with tion and provide for the retiring of greenbacks. These are
some
people that “ the child is not yet born that shall the only functions which the Constitution of the United
see the final close of the
paper money fight in this country,’, States allows Congress to perform in regard to the green¬
still the contest is likely to be long and obstinate, A few backs.
It can issue greenbacks in time of war and retire
men of sombre imaginations have £oo hastily concluded that them in time of peace.
Now, we ask our friends which of
There
are
evident
signs of restiveness all
over
the country
these
tyro powers it is which they invoke wheti they ask profitable gnd safe such projects'can be made under
Congress to define the status of the greenbacks. As we are
there is but one thing which they can ask Con¬
gress to do. Every other possible function is forbidden.
Congress can be asked to withdraw the legal tenders from
circulation. Such a retirement is within the scope of, its
legitimate functions. But there is nothing else within that
scope. The only thing which Congress can do is to legis¬
late that greenbacks shall be withdrawn from circulation, or
that national bank notes shall be withdrawn, for the latter
are also
legal tenders.
Now, if we understand the objectors, they ignore these
constitutional limits. They do not want to withdraw the
greenbacks, except, perhaps, the eighteen millions recently
overissued. But they want Congress to take upon itself, for
the first time, the unconstitutional right of defining whether
400 millions or 382 millions is a lawful aggregate of green¬
backs for the United States to have outstanding. Such an
assumption of power would, we think, be unconstitutional.
Hence we have never yet been able to acknowledge it as in
any way legitimate.
For similar reasons we hold that Congress has no consti¬
tutional right to increase the national bank notes until these
notes are wholly freed from their legal tender functions.
This view is sustained by the highest authorities on consti¬
tutional law, and it was virtually acknowledged when the
amendment of July 1870 was added to the National Bank
not at war,
rTtwatfipliwl^'Wfn#I
law.
This amendment authorized 54 mlilions of national
banknotes. But before these notes
issued it
good
management.
Finally, we are asked whether, for the sake of the grow¬
ing business of the country, something should not,be done
to expand and give elasticity to the banking system.
In
reply, we would ask our querist *9 reflect how wonderfully
the banking system of this country has already beeu
expanded during tfje last quarter of a century. In 1850
the deposits of the banks of the United States were only 109
millions. They are now 595 millions, and even this is a
falling off from last year. The progress of the banking
system, as given below, is taken from the reports of the
Treasury, and refers to the statements near the beginning of
the various years:
BANK EXPANSION,
Deposits.
1850
109,586,595
128,957,712
.
1851
.
1854
.
1855
.
1856
.
1857
.
1858
183,188,744
557,397,779
190,400,342
212,705,662
230,351,352
576,144,758
134,183,280
684,456,887
583,165,242
657,183,799
691,945,580
696,788,421
500,650,109
608,771,799
616,603,479
644,945,039
688,875,203
767,858,490
1860
185,932,049
.
259,568,278
.
1861
.
1866♦
.
1868
1869
.
1870
.
1871
.
1872.
253,802,129
257,229,562
522,507,829
.
1867.:
.
Specie dc L. T.
364,204,078
413,756,799
.
1859
1850 TO 1874.
Loans.
558,699,768
534,704,709
568,530,934
546,236,881
561,190,830
593,645,666
45,379,345
48,671,048
59,410,253
53,944,546
59,314.063
58,349,838
.
839,666,07?
*
1873
.
913,265,189
656,187,551
595,350,334
74,412,332
104,537,818
83,594,537
87,674,507
207,051,567
206,645,664
183,530,122
169,941,050
179,873,885
154,411,515
142,353,225
135,184,582
Circulation
131,366,529
155,165,251
204,689,207
186,952,223
195,747,950
214,778,822
155,208,344
193,306,818
207,102,477
202,005,767
258,668,685
298.398,248
298,169,403
297,211,371
295,190,928
303,749,260
323,465,238
336,292,459
339,602,952
844,061,698
173,318,426
expressly 1874..
ordered that an equal amount of greenback certificates
The reports after 1861 are those of the national banks.
should be cancelled. Now as the latter were equivalnet to
We do not say that it follows from this bank expansion
greenbacks, it was virtually acknowledged by Congress that that no further extension of the banking facilities of this
national bank notes also were equivalent to greenbacks, and country can at present be safe; but we do say that there is
that their issue was by that circumstance brought within the but little force in the argument that our banking system has
constitutional powers of Congress. Whether this position been rigid and has refused to expand responsively to the legit¬
be well taken or not we do not inquire.
If it be, the same imate wants of business in the past. And as to freedom in
principle might perhaps justify the issue of national bank banking, it is notorious that there is no commercial country
notes, if an equal amount of greenbacks should be with¬ in the world where banking is so free as among ourselves.
drawn pari passu. But it ceitainly condemns the proposi
Whatever other remedy, then, the present depression of
tion of the new Senate bill to issue four millions of bank business may possibly admit ot, we may be well assured that
notes for every million greenbacks withdrawn.
it does not admit of any palliation from the .unwholesome
The dullness of business, however, would not admit of inflation of credits or from Congressional interference with
legislative remedies even if such currency tinkering were the bank note or greenback circulation. We are in favor
within the power of Congress.
It furnisher, indeed a grati¬ of free banking, and we have always advocated it. But we
fying proof of the wisdom and foresight of the founders ot would surround it with proper safeguards, and would make
our National Government, that the danger of unlimited
it safe as well as free.
issues of legal tender notes from which so many evils were
INFLATION IN THE SENATE.
to be feared is kept within salutary bounds by the impas
T he Senate on Thursday passei a Currency Bill, which is
sable barriers of the Constitution.
The chief provisions of this
Another questioner points u« to the farmers, and sski now before the House.
were
was
.
*
i
I
whether the country
farmers may obtain
does not need
bushels f,o 20 bti«b*l*
an
that
more money,
our
measure
are
that
it abolishes
the
reserves on
the bank
-,
losns for improving their farms ? notes, compels the batiks to hoard one-fourth of their ooin
We say, in reply, that for such purposes banks are of no interest, releases the country banks from the obligation to
use whatever.
Hanks are established for commercial loans employ redeeming agencies, and requires National banks
of floating capital, to run 30, or 00, or '.*0 day\ and no everywhere to keep their lawful money reserves in their
longer. Of what value would be a .00-day loan to a farmer own vaults.
who wanted to sink ths money in draining and other
The bank-notes retain all their legal tender functions at
Improvements In or ter to raise hia crop <i»f wheat from if* at pMMvnt, so that any addition to their volume will t*f
http://fraser.stlouisfed.org/ get the
Federal Reserve Bank of St. Louis
L
acre,
ff our farmer* • h*r*
loans they want for such
purposes
£
from
i
th»v
new
een
! ••oulvalmf to th#
bunks ! with
a
*(
forced circulation.
s'*
much lews***»?*• vw**?
NoLwilluldiuling lias, tile fourth
i
their notes. For the exist¬
ing banks such cost is to be paid, as heretofore, by the
Treasury. In lieu of the fifteen or twenty-five per cent, re¬
serve exacted for the past ten years, and kept as a reserve to
protect their circulation, the banks are required to deposit in
the Treasury of the United States .a reserve of 5 per cent.,
the use of which is prescribed in the following section:
cost
491
(THE " CHRONICLE.
May 1«, 1871]
of engraving the plates for
association organized, or to be organized,
of the said act, and of the several acts in
amendment thereof, shall at all times keep and l»fe>n deposit in
the Treasury of the United States, in lawful mon^^^^lie United
States, a sum equal to five per cent, of its circw^^^Ho be held
and used only for the redemption of such clrq^J^^^^nd when
the circulating notes of any such organization or^^^^Bon shall
be presented for redemption in sums of $l,000^^^^^wiltiple
thereof, to the Treasurer of the UnitedvState§j
be
redeemed in United States notes. All notes so
be
charged by the Comptroller of the Currency
associations issuing the same, and he shall notijf^^^^^^Baliy
on the first day of each month, or oftener, at
the
amount of such redemptions, whereupon e&^^^^^Hon so
notified shall forthwith deposit with the
States a sum in United States notes equal to tneT|HR^of its
increasing^ ths; principal of the
warded to the Comptroller of the Currency and destroyed, and
replaced as now provided by law, provided that each of said
associations shall reimburse to the* Treasury the charges for
transportation and the cost of assorting said notes, and the asso¬
ciations hereafter organized shall also severally reimburse to the
Treasury the cost of engraving such plates as shall be ordered
by each association respectively, and the amount assessed upon
each associotion shall be in proportion to the circulation redeemed,
and be charged to the fund on deposit with the Treasury.
use.
Syndicate, the promoters o
reported to have been as active in
lobbying the present bill as that lately vetoed by the Presi¬
dent. The section of the new act compelling these re-issues
of the retired greenbacks is as follows: ,
Sec. 5. That every
under the provisions
circulating notes so redeemed, and all notes of flfffloftal banks
worn, defaced, mutilated, or otherwise unfit for circulation shall,
when received by any Assistant Treasurer or at any designated
depository of the United States, be forwarded to the Treasury of
the United States for redemption as provided herein ; and when
such redemptions have been so reimbursed, the circulating notes
so redeemed shall be forwarded to the respective associations by
whom they were issued, but if such notes are worn, mutilated,
defaced, or rendered otherwise unfit for use, they shall be for¬
public debt, this permission is
Secondly, he may pay out these greenbacks for
the redemption or purchase of U.S. bonds. In one of these
two ways the greenbacks must positively be paid out. Hence
the Treasury must either be able to buy in the market
a sufficiency of bonds to absorb the greenbacks in question,
or notice
of redemption must be given in regard to out¬
standing five-twenties. The latter alternative suggests
of little
arrangement with the
anew
which have
been
Sec. 9. That on
of
day of July, 1878, any holder
of $1,000, or any multiple
them for payment at the office of the Treas-'
the office of the Assistant Treasurer
a^ the City of New York, and thereupon the Secretary of the
Treasury shall, in exchange for said notes, deliver to such holder
an equal amount of coupon
or registered bonds of the United
States, in such form as he may prescribe, of denominations of $50
or some multiple of that sum,
redeemable .in coin of the present
standard value at the pleasure of the United States, after fifteen
years from the date of their issue, and bearing interest payable
quarterly in such coin at the rate of four and one-half per cent
per annum; and the Secretary of the Treasury shall issue the
United States notes as received, or, if they are canceled, he shall issue
notes to the same amount, either to purchase cr redeem the public
debt at par in coin, or to meet the current payments for the public
service. And the said bonds and the interest thereon shall be ex¬
empt from the payment of all taxes or duties of the Unites, as
well as from Taxation in any form by or under State, municipal,
or local authority.
And the said bonds shall have set forth and
expressed upon their face- the above specified conditions, and
shall, with their coupons, be made payable at the Treasury of
the United States, provided, however, that the Secretary of the
Treasury, imlieu of such bonds, may redeem said notes in the
gold coin of the United States.
thereof,
urer
’
and after the 1st
United States notes to the amount
may
present
of the United States, or
of this newest attempt to tam¬
per with the currency. There are two reasons among others
to the
which lead our shrewdest men of business to believe that it
existing pledges of the credit of the Government to support
the new issues of the bank notes which it is the main will not become a law. In the first place, the state of feel¬
ing in the House precludes the expectation that this bill or
purpose of the-bill to generate.
cent deposit in the Treasury virtually adds
United States Treasury responsibility and to the
This five per
Such
are
the main features
through without long discussion.
done will take
the Government is prohibited from increasing the greenbacks up the whole time of Congress till the beginning of July^
leaving none to spare for fruitless discussions either on
beyond the present aggregate of 382 millions. This salu¬ financial or other
questions. It is moreover transpiring that
tary prohibition is enacted by two sections of the act before
the popular demand for inflation has been much exagger¬
The tenth section forbids any increase of the principal
ated. The Chicago Tribune has just published the replies
of the public debt, and a previous section limits the green¬
back issues to their present aggregate.
The last-named to a oircular sent to the newspapers of the States of Illinois,
Indiana, Michigan, Wisconsin, Minnesota, Iowa, Kansas,
section is as follows :
Missouri, and Nebraska, asking how each stood on the ques¬
Sec. 8. That the entire amount of United States notes out¬
tion of the President’s veto of the currency bill. The sum¬
standing and in circulation at any one time shall not exceed the
of $882,000,000. And within thirty days after circulating mary shows that of the 033 papers answering the circular
notes to the amount of $1 ,000,000 shall from time to time be
514 sustain the veto, 408 oppose it, and 11 are non-com¬
issued to national banking associations, under this act, in excess
Of those sustaining the veto 295 are Republican to
of the higheet outstanding volume thereof nt any time prior to mittal.
such issue, it shall be the duty of the Secretary of the Treasury to
217 Democratic; and of those opposing the veto 234 are
retire
amount of United States notes equal to twenty-five per
of the circulating notes so issued, which shall he iu re¬ Republican to 174 Democratic.
Indiana, Missouri, and
duction of the maximum amount of $882,000,000 fixed by this sec¬
Kansas are the only 8tates where a majority of the papers
tion, and such reduction shall continue until the maximum amour t
permission to inflate the currency is next forbidden to
the United States Treasury. However great the emergency,
The
any
finance bill can be got
And the other
pressing business that must be
us.
sum
an
centum
and oppose the veto.
issue and sell at public sale,
With the autumn e action* in view, and with the certainty
of sale, a sufficient
the character and that the musts of the people are much less favorable to
United Nates notes to be IbfiaUon ,»han tven the prus, the ravmbera of the House
of Uepr«V**uUvt*, it >• jMippoaed,
be mnch Itis venture
At first sight it might appear tin* the greenh»*\k issues
!
ih<4r %rt*t 05* tlirrsOf V f*;*tntlor, end the prea*; i
would
sp^fdliy utminmn umitfr
W W..* iMMU).. j1 bill will fail to command as large a vote as the last one.
http://fraser.stlouisfed.org/
of
I'nited States notes
outstanding shall he $800,OtH 1,000 ;
for that purpose he is authorised to
after ten days' notice of the time and place
amount of the Istnda of the United States of
and description prescribed la this art for
then rttl**ti Mcf <**v,*J
Federal Reserve Bank of St. Louis
~
T
,mmu
'
_
and commercial interests
——* ■~~J——
some
CONTENTS.
one
THE CHRONICLE.
The Dullness
its Remedies
of Business and
Inflation in the Senate
The Geneva Award and
surance
Southern
of the united states.~
'
■»
~ ■—— ’ —
—-
Claims
the In¬
Immigration
489
490
492
492
City Banks, Boston
Banks,
..
Cotton
BreadstnAs
496
GAZETTE.
497
500
501
502
Corporation Finances
THE COMMERCIAL
such
things will
of which
happen—either a disruption of the
will supervene, as a result
specie payments. To indulge
wild and ridiculous conjectures is rather worthy
or a
restoration of
in
of
enthusiasts than of well-read statesmen and
thoughtful men of business. We should do better to s’udy
494 ignorant
News
Philadelphia Banks, National
Commercial Epitome
493
Banks, etc
Quotations of Stocks and Bonds
New York Local Securities
Investment and State, City and
Money Market, U. S. Securities,
Railway Stocks, Gold Market,
Foreign Exchange, New York
of two
Union
Changes in the Redeeming
Agents of National Banks...
Latest Monetary and Commercial
English News
Commercial and Miscellaneous
THE BANKERS
great convulsion
■
- -■
NO. 464-
SATURDAY, MAY 16, 1874.
VOL. 18
!
-
-
——
—
■
REPRESENTING the industrial
MAGAZINE,
■
MERCHANTS’
HUNT’S
TIMES.
510
511
505 Dry Goods
506 Prices Current
509
Cljrontcl*.
the recent and earlier
records of paper money
this country and elsewhere
less laborious and infinitely
in preference to
inflation in
indulging the
less useful occupation
of dream¬
ing and conjecture which are in some quarters so popular.
From such a study we shall find, in the first place, that
the dullness of business of which we complain is not pecu¬
liar to ourselves or limited to this continent.
England is
complaining of it, France is complaining of it. So are
Germany and Austria, and other countries. What right
have we to blame Congress for not using some impos¬
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE.
sible legerdemain with the currency in order to preserve
The Commercial and Financial Chronicle, delivered by carrier to city
us
from evils which all the commercial countries in
subscribers, and mailed to all others (exclusive of postage): :1
For One Year (including a file cover the first year)
$10 00
fror Six Months
6 00
the world are suffering from, and which must evidently
THE RAILWAY MONITOR,
result from general causes such as are beyond the reach of
B Journal of general Railroad Intelligence, supplementing the financial
contained in the Chronicle, is published monthly on Thursday the fifteenth,
fifti
legislative supervision ?
about the fifteenth, of each month.
Subscription price per year (including a file cover the first year)
$5 00
Secondly, we have reason to believe that such Con¬
“
to subscribers of the Chronicle
3 00
7he Chronicle and Monitor will be sent to subscribers until ordered discongressional attempts to interfere with business have always
Unued by letter. Postage is paid by the subscriber at his own post-office.
Subscriptions and Advertisements are taken in London at the office of done barm.
By parity of reasoning it follows that if Con.
Tee Commercial and Financial Chronicle is issued on SaturV day morning> with the latest news up to midnight of Friday.
news
or
.
the Chronicle, No. 5 Austin Friars. Old Broad street, at the following rates:
Annual Subscription to the Chronicle (including postage)
.. £2
“
“
“
“
Monitor
1 0b.
“
Chronicle and Monitor together
2 14s.
2s.
WILLIAM B. DANA,
i.
FLOYD, JR.
JOHN O.
)
f
WILLIAM B. DANA & OO., Publisher*,
79 and 81 William Street. NEW YORK.
Post Office
Box 4,592.
made oy
The Publishers cannot be responsible for Remittances unless
Post-Office Money Orders.
ty* A neat file for holding current numbers of the Chronicle is
Bfice for 50 cents; postage on tho same is 20 cents. Volumes
scribers at $1 50. The first and second volumes of the Chronicle are
Drafts
or
by the publishers.
|y Mr. Alex. Holmes is the only authorized traveling agent
Chronicle in the United States.
Mr. Edward McFee is the only
are
evident
.
for the
~
_
authorized traveling agent in Great Britain.
THE DULLNESS OF BUSINESS AND
There
,
sold at the
bound for sub¬
wanted
ITS REMEDIES.
signs of restiveness all over the country
of business is due to the
under the belief that the dullness
mismanagement of Congress, and especially to their sins of
Gmissiotf or of commission in regard to the currency. It
?
is
one
of the evils which was
foreseen when the paper money
strife of conflicting
issues was projected into the politics of the nation, which
the struggles of half a century or more would perhaps be
required to get rid of. We should take a short-sighted
policy
was
first adopted, that a dangerous
view of the situation if
struggles
are near
we
their end.
were
to suppose
They
that these
are as yet
in their
incipient stages; and although we will not affirm with
people that “ the child is not yet born that shall
see the final close of the
paper money fight in this country,”
still the contest is likely to be long and obstinate, A few
pien of sombre imaginations have too hastily concluded that
some
with the currency in the hope of removing
depression which are beyond
their reach, the result will be that they will make things
If like Uzziah we stretch forth our hand to touch
worse.
rashly the sacred ark of the currency, we need not be sur¬
prised if mischief comes of it.
From these general principles it is not wonderful that the
Congressional action of the current year is blamed by all
parties, and probably the most popular thing which could
be done by that body is to let the curreucy alone for the
rest of the session.
This is the course recommended at the
outset of the session by the earnest and the most conser¬
vative leaders of public opinion. It had been well for the
country,—for its farmers, merchants, and manufacturers,—if
the National Legislature had profited by the warning.
But it is asked, ought not Congress to define the status of
the greenback circulation ?
The answer is that, for reasons
we have often expounded, Congress, under the Constitution,
has no power over the greenbacks—no power whatever ex¬
cept in two respects. First, in time of war^and at no other
time, Congress may sanction the issue of greenbacks. Sec¬
ondly, in time of peace, Congress may sanction the redemp¬
tion and provide for the retiring of greenbacks.
These are
the only functions which the ‘Constitution of the United
States allows Congress to perform in regard to the green¬
backs. It can issue greenbacks in time of war and retire
them in time of peace. Now, we ask our friends which of
gress
these
tampers
causes
of commercial
THE CHBONICLK
490
these two powers it
is which they invoke when they ask
Congress to define the status of the greenbacks. As we are
not at war, there is but one thing which they can ask Con¬
gress to do. Every other possible function is forbidden.
Congress can be asked to withdraw the legal tenders from
circulation. Such a retirement is within the scope of its
legitimate functions. But there is nothing else within that
scope. The only thing which Congress can do -is to legis¬
late that greenbacks shall be withdrawn from circulation, or
that national bank notes Shall be withdrawn, for the latter
are also
legal tenders.
Now, if we understand the objectors, they ignore these
constitutional limits. They do not want to withdraw the
greenbacks, except, perhaps, the eighteen millions recently
overissued. But they want Congress to take upon itself, for
the first time, the unconstitutional right of defining whether
400 millions
lawful aggregate
backs for the United States to have outstanding.
382 millions is
of green¬
Such an
assumption of power would, we think, be unconstitutional.
Hence we have never yet been able to acknowledge it as in
or
any way legitimate.
For similar reasons
a
hold that
Congress has no consti:
tutional right to increase the national bank notes until these
notes are wholly freed from their legal tender functions.
This view is sustained by the highest authorities on consti¬
tutional law, and it was virtually acknowledged when the
amendment of July 1870 was added to the National Bank
law.
profitable and safe such projects
This amendment authorized 54 mlilions of national
bank notes. But before these notes
issued it
can
be inade
under good
manngement.
Finally, we are asked whether, for the sake of the grow¬
ing business of the country, something should not be done
to expand and give elasticity to the
banking system. Ia
reply, we would ask our querist to reflect how wonderfully
the banking system of this country has
already been
expanded during the last quarter of a century. In 1850
the deposits of the banks of the United States were
only 109
millions. They are now 595 millions, and even this is a
falling off from last year. The progress of the banking
system, as given below, is taken from the reports of the
Treasury, and refers to the statements near the beginning of
..
the various years:
BANK EXPANSION,
1850
1851
1854
...
1855
...
1856
...
1857
...
188,188,744
190,400,342
212,705,662
230,351,352
1858
1860
1861
1866*
1867
1868
...
...
...
...
...
..
259,568,278
253,802,129
257,229,562
522,507,829
558,699,768
534,704,709
1869
1870
1871
1872
1873
...
...
593,645,666
656,187,551
1850 TO 1874.
Loans.
Deposits.
1859
we
16,1874.
'
364,204,078
413,756,799
557,397,779
576,144,758
134,183,280
684,456,887
583,165,242
657,183,799
691,945,580
696,788,421
500,650,109
608,771,799
616,603,479
644,945,039
688,875,203
767,858,490
839,665,077
913,265,189
Specie <b L. T.
45,379,345
48,671,048
59,410,253
53,944,546
59,314.063
58,349,838
74,412,832
104,537,818
33,594,537
87,674.507
207,051,567
206,645,664
183,530,122
169,941,050
179,873,885
154,411,515
142,353,225
135,184,582
173,318,426
Circulation
131,366,529
155,165,251
204,689,207
186,952,223
195,747,950
214,778,822
155,208,344
193,306,818
207,102,477
202,005,767
258,688,685
298,398,248
298,169,403
297,211,371
295,190,928
303,749,260
323,465,23g
336,292,459
814,061,698
339,602,952
expressly
ordered that an equal amount of greenback certificates
The reports after 1861 are those of the national banks.
should be cancelled. Now as the latter were equivalnet to
We do not say that it follows from this bank expansion
greenbacks, it was virtually acknowledged by Congress that that no further extension of the banking facilities of this
national bank notes also were equivalent to greenbacks, and country can
at present be safe; but we do say that there is
that their issue was by that circumstance brought within the but little force in the argument that our bankiog
system has
constitutional powers of Congress.
Whether this position been rigid and has refused to expand responsively to the legit
be well taken or not we do not inquire.
If it be, the same imate wants of business in the past. And as to freedom in
principle might perhaps justify the issue of national bank banking, it is notorious that there is no commercial country
notes, if an equal amount of greenbacks should be with¬ in the world where banking is so free as among ourselves.
drawn pari passu. But it ceitainly condemns the proposi
Whatever other remedy, then, the present depression of
tion of the new Senate bill to issue four millions of bank business may
possibly admit of, we may be well assured that
notes for every million greenbacks withdrawn.
it does not admit of any palliation fr>m the unwholesome
The dullness of business, however, would not admit of inflation of credits or from Congressional interference with
legislative remedies even if such currency tinkering were the bank note or greenback circulation. We are in favor
within the power of Congress.
It furnisher, indeed a grati¬ of free banking, and we have always advocated it. But we
fying proof of the wisdom and foresight of the founders of would surround it with proper safeguards, and would make
our National Government,
that the danger of unlimited it safe as well as free.
issues of legal tender notes from which so many evils were
to be feared is kept within salutary bounds by the
INFLATION IN THE SENATE.
impas
sable barriers of the Constitution.
The Senate on Thursday passed a Currency Bill, which is
Another questioner points us to the farmers, and asks now before the House.
The chief provisions of this
whether the country does not need more money, that our measure are that it abolishes the reserves on the bank¬
farmers may obtain loans for improving their farms ? notes, compels the banks to hoard one-fourth of their coin
We say, in reply, that for such purposes banks are of no interest, releases the country banks from the obligation to
use whatever.
Banks are established for commercial loans employ redeeming agencies, and requires National banks
of floating capital, to run 30, or 60, or 90 days, and no everywhere to keep their lawful money reserves in their
longer. Of what value would be a 60-dav loan to a farmer own vaults.
who wanted to sink the money in draining and other
The bank-notes retain all their legal tender fiflictions as
improvements in order to raise his crop of wheat from 15 at present, so that any addition to their volume will he
bushels to 20 bushels an acre. If our farmers think they can equivalent to
the issue of so much legal-tender paper money
with a forced circulation. Notwithstanding this, the fourth
get the loans they want for such purposes from new banks
they are expecting what they will not find. Money on section of the bill repeals the present restriction on the
mortgage can only be had from institutions organized on a aggregate of notes, and authorizes an unlimited expansion
very different basis. We shall be surprised if a good of legal tender circulation. It also makes some other
number of such mortgage institutions do not spring
up changes, among which is the repeal of the provision lately
within a few years, as has been the case in France. A few enacted prohibiting the banks organized after 1870 to enjoy
flourishing companies have already been organized for the a circulation of over five hundred thousand dollars.
As the bank notes, under these expansive provisions, may
purpose of lending money on mortgage to farmers and other
owners of real
estate; and the success both here and in be expected to drive a large and profitable business in the
France of these institutions ha$ sufficiently shown ho\y issue of legal tenjfgr money, all new banks are to pay the
were
was
1874...
*
...
595,350,334
May
1
1874J
491
(THE/ CHRONICLE.
increasing the principal ot the public debt, this permission is
the plates for their notes. For the exist, of little
Secondly, he may pay out these greenbacks for
the redemption or purchase of U.S. bonds.. In one of these
jng banks such cost is to be paid, as heretofore, by the
Treasury. In lieu of the fifteen or twenty-five per cent, re¬ two ways the greenbacks must positively be paid out. Hence
serve exacted for the past ten years, and kept as a reserve to the Treasury must either be able to buy in the market
protect their circulation, the banks are required to deposit in sufficiency of bonds to absorb the greenbacks in question,
the Treasury of the United States a reserve of 5 per cent.,
notice of redemption must be given in regard to out
the use of vhich is prescribed in the following section :
standing five-twenties. The latter alternative suggests
arrangement with the Syndicate, the promoters o
gEC. 5. That every association organized, or to be organized,
under the provisions of tlie said act, and of the several acts in which have been reported to have been as active in
amendment thereof, shall at all times keep and have on deposit in
the Treasury of the United States, in lawful money of the United lobbying the present bill as that lately vetoed by the Presi¬
States, a sum equal to five per cent, of its circulation, to be held dent.
The section of the new act compelling these re-issues
and used only for the redemption of such circulation ; and when
of the retired greenbacks is as follows :
the circulating notes of any such organization or association shall
be presented for redemption in sums of $1,000, or any multiple
Sec. 9. That
and after the 1st day of July, 1878, any holder
thereof, to the Treasurer of the United States, the same shall be
redeemed in United States notes. All notes so redeemed shall be of United States notes to the amount of $1,000, or any multiple
present them for payment at the office of the Treascharged by the Comptroller of the Currency to the respective thereof,
of the United States, or the office of the Assistant Treasurer
associations issuing the same, and he shall notify them severally
the City of New York, and thereupon the Secretary of the
the first day of each month, or oftener, at his discretion, of the
amount of such redemptions, whereupon each association so Treasury shall, in exchange for said notes, deliver to such holder
equal amount of coupon or registered bonds of the United
notified shall forthwith deposit with the Treasurer of the United
States a sum in United States notes equal to the amount of its States, in such form as he may prescribe, of denominations of $50
multiple of that sum, redeemable in coin of the present
circulating notes so redeemed, and all notes of national banks
defaced, mutilated, or otherwise unfit for circulation shall, standard value at the pleasure of the United §tates, after fifteen
when received by any Assistant Treasurer or at any designated years from the date of their issue, and bearing interest payable
depository of the United States, be forwarded to the Treasury of quarterly in such coin at the rate of four and one-half per cent
the United States for. redemption as provided herein ; and when per annum; and the Secretary of the 1 reasvry shall issue the
such redemptions have been so reimbursed, the circulating notes United States notes as received, or, if they are canceled, he shall issue
to the same amount, either to purchase cr redeem the public
redeemed shall be forwarded to the respective associations by
whom they were issued, but if such notes are worn, mutilated, debt at par in coin, or to meet the current payments for the public
defaced, or rendered otherwise unfit for use, they shall be for¬ service. And the said bonds and the interest thereon shall be ex¬
warded to the Comptroller of the Currency and destroyed, and empt from the payment of all taxes or duties of the Unites, as
from taxation in any form by or under State, municipal,
replaced as now provided by law, provided that each of said well
local authority. And the said bonds shall have set forth and
associations shall reimburse to the Treasury the charges for
transportation and the cost of assorting said notes, and the asso¬ expressed upon their face the above specified conditions, and
ciations hereafter organized shall also severally reimburse to the shall, with their coupons, be made payable at the Treasury of
Treasury the cost of engraving such plates as shall be ordered the United States, provided, however, that the Secretary of the
by each association respectively, and the amount assessed upon Treasury, in lieu of such bonds, may redeem said notes in the
each a.isociotion shall be in proportion to the circulation redeemed,' gold coin of the United States.
cost
of engraving
use.
a
or
,
a new
on
may
urer
at
on
an
or some
worn,
■notes
so
as
or
deposit with the Treasury.
Such are the main features of this newest attempt to tam¬
This five per cent deposit in the Treasury virtually adds
per with tho currency. There are two reasons among others
to the United States Treasury responsibility and to the
which lead our shrewdest men of business to believe that it
existing pledges of the credit of the Government to support
will not become a law. In the first place, the state of feel¬
the new issues of the bank notes which it is , the main
ing in the House precludes the expectation that this bill or
purpose of the bill to generate.
any finance bill can be got through without long discussion.
The permission to inflate the currency is next forbidden to
And the other pressing business that must be done will take
the United States Treasury. However great the emergency,
up the whole time of Congress till the beginning of July^
the Government is prohibited from increasing the greenbacks
leaving none to spare for fruitless discussions either on
beyond the present aggregate of 382 millions. This salu¬ financial or other questions. It is moreover transpiring that
tary prohibition is enacted by two sections of the act before the
popular demand for inflation has been much exagger¬
The tenth section forbids any increase of the principal
us.
ated. The Chicago Tribune has just published the replies
of the public debt, and a previous section limits the green¬
to a circular sent to the newspapers of the States of Illinois,
back issues to their present aggregate. The last-named
and he
charged to the fund on
Minnesota, Iowa, Kansas,
how each stood on the ques¬
Sec. 8. That the entire amount of United States notes out¬ tion of the President’s veto of the currency bill. . The sum¬
standing and in circulation at any one time shall not exceed the
of $382,000,000. And within thirty days after circulating mary shows that of the 933 papers answering the circular
to the amount of $1,000,000 shall from time to time be 514 sustain the veto, 408 oppose it, and 11 are non-com¬
issued to national banking associations, under this act, in excess
Of those sustaining the veto 295 are Republican to
of the highest outstanding volume thereof at any time prior to mittal.
such issue, it shall be the duty of the Secretary of the Treasury to 217 Democratic; and of those opposing the veto 234 are
retire
amount of United States notes equal to twenty-five per
Indiana, Missouri, and
of the circulating notes so issued, which shall be in re¬ Republican to 174 Democratic.
duction of the maximum amount of $382,000,000 fixed by this sec¬ Kansas are the only States where a majority of the papers
section is
as
Michigan, Wisconsin,
Missouri, and Nebraska, asking
Indiana,
follows:
sum
notes
an
centum
the maximum amount
for that purpose he is authorized to issue and sell at public sale,
after ten days’ notice of the time and place of sale, a sufficient
amount of the bonds of the United States of the character and.
and description prescribed in this act for United States notes to be
tion, and such reduction shall continue until
of United States notes outstanding shall
then retired and
canceled.
be $300,000,000; and
oppose
the veto.
ections in view, and with the certainty
that the masses of the people are much less favorable to
inflation than even the press, the members of the House
of Representatives, it is supposed, will be much
With the autumn e
less venture¬
the present
sight it might appear that the greenback issues some in their votes on currency expansion, and
would speedily diminish under the operation of this section.
bill will fail to command as large a vote as the
For it provides that, as fast as new bank notes are issued,
Secondly, it is certain, notwithstanding
one-fourth as much of the greenback currency should be
that would prove the contrary, that the
withdrawn. Lest the inflating virulence of the bill should
currency, and that iu this respect it
thus be mitigated, the Senate have contrived and incorpor¬
objections which killed the late
ated a new provision that the Secretary of the Treasury
which led the President to veto the one are
shall not be permitted to cancel these withdrawn green¬
against the other. And it this fact can
backs, but shall be compelled to re-issue them for one of two
House an insuperable barrier would be
'
At first
last one.
all the sophistry
bill would inflate the
would be open to the
bill. The same .reasons
equally valid
be made clear to the
interposed to their
purposes. First, he may meet with them the current pay¬
typstjpg much time upon an enterprise of so little promise.
ments for the public service; but as he i*jf prohibited from
492
THE GENEVA AWARD AND THE INSURANCE CLAIMS.
One
I.
g ■
■■«■■■■■
I
■ I.
But in this
■—
[May ie, w-i
'■
'
n-ni—■■—
I
—
I
1
1
—
I
THE CHRONICLE
IIWII
■■
■
■
they are supposed to have had no interest
except to make the proper machinery for deter
mining the claimants and distributing the award ; and yet
they permitted themselves to descend to this paltry trick,
Can they afford to let it stand in this shape ?
The proposition of Mr. Conkling to refer the claims un¬
case
whatever
read the
Congressional proceedings in the
Tuesday without a feeling of shame. Differences
of opinion are always expected, and men may honestly
entertain views directly antagonistic.
Hence we have these
deliberative assemblies for the purpose of reaching the truth
der the award to one of the United States Circuit
by, as it were, a process of constant attrition—the idea of
Courts, to
be designated by the President, seems to us to have
one
been
rubbing against the idea of another—until all the rough
eminently proper. The bill provides for a special commis
points are off, and a clear conception of the subject under
discussion is reached. Lest, however, a body made up as sion of five judges to hear and determine the claims, and to
the lower house is, should sometimes be more hasty or less be paid five thousand dollars a piece.
This seems to be a
unnecessary
Why organize a new
deliberative than desirable, a Senate was provided for, of wholly
expenoe.
court simply to distribute fifteen millions of dollars when
older, wiser heads—men who are at least supposed to have
the machinery is already in existence for doing the work?
risen above the paltry tricks of a Sophomore
debating club.
The whole theory is, that the will of the nation shall find Besides, most of these claims, except as to amount, will
expression through the votes of a majority of such body, probably give rise to no litigation. More than that, as Mr.
after due deliberation. If, then, a law is passed by a sharp Conkling urged, it is impossible to obtain good legal talent
for eighteen months at $5,000, unless the duties of the
manoeuvre which is
known, after such discussion and delibe¬
ration, to be opposed by a majority of the Senators, it looks position are to be merely nominal. We have, then, a pro¬
to us like a very blameworthy
act; in fact, we think one posed expense" wholly unnecessary, if there is not to be a
would be justified in condemning such a proceeding
in very large amount of litigation, and totally inadequate if
unmeasured terms.
And yet precisely this happened last there is. Should not those who were so sharp at tricking
their fellow citizens out of money, the majority of the Senate
Tuesday.
had pronounced theirs, be a little more careful how they
The Senafe had before it the Geneva Award bill
reported
Senate
cannot
on
by their Judiciary Committee. Various amendments were
offered and passed upon, among them one by Senator Thur¬
man, ter the effect that insurance companies should have the
same
rights before the court as other claimants. This
amendment was agreed to, after discussion, by a vote of 31
to 27.
Finally, it began to grow late, and it was not until
six o’clock that the consideration
was
finished.
*
of the bill in committee
Then the committee rose, and all
bestow it elsewhere ?
As to the merits of the
questions growing out of these
award, it is not necessary
now
to discuss them.
It always seemed to us very clear
that the insurance companies must be included.
The claims
insurance claims and the Geneva
mostly held by mutual companies, and in all such cases
the insured paid the loss, and if the money is
course
returned to the company now it will go back to the insured*
More than this, it was on these very claims the award was
obtained, and without them the money payment directed
by the Geneva arbitration would have been just so much
less.
But we have not space to enter upon these questions
are
of
portions of
adopted except this amendment of Senator
Thurman, which Senator Edmonds desired another vote
upon.
On the call of the roll, it was found that some of the
Senators had left for dinner, and the amendment was lost.
Thus far the proceeding could not be objected to; but at now. The Baltimore Gazette has within the week published
a very excellent editorial which has beeu extensively copied
this point Senator Edmonds,
knowing that several who
by our daily press, thoroughly discussing the whole sub¬
were in favor of this
provision were not present, moved to
We commend it to any who still have doubts with
reconsider the vote so that it could be voted down and the ject.
question settled. Against the earnest protest of Senators regard to the merits of the question.
Thurman, Conkling and others, he insisted upon pressing
SOUTHERN IMMIGRATION.
this motion, and thus cut off all
possibility of reconsidering
No section of country equals some of the Southern States
the measure, making the bill a law, so far as the Senate’s
in the natural inducements held out to those seeking to build
action could make it such,
notwithstanding a majority were
Our attention has been called to
up for themselves homes.
known to be opposed to it.
this subject by the receipt from Mr. J. B. Killebrew, Secre
Whatever may be our individual views in regard to the
tary of the Bureau of Agriculture of Tennessee, of advance
point in dispute, we think no honest man will fail to com sheets from his excellent report, in which is a very interest¬
demn this action. It strikes us as being especially unfor¬
ing and instructive chapter on the peculiar advantages pos¬
tunate upon a question of this
description. The Govern¬ sessed by that State. Correct knowledge on this point
ment has some
money which belongs to citizens, not co it. seems to us to be the great want of the
present time, and it
A contest arises as to who are the rightful owners. The
is a satisfaction to meet with this timely contribution to the
question comes before the Senate, and is ably discussed. general supply.
The insurance companies represent, we believe, about one
We are aware that some who have tried different points
third of the claimants, and the points in favor and
against in the South have returned disappointed. Stories of such
them have been reviewed in ttnd out of Congress
probably wanderers have discouraged many. This, however, is usu¬
as
thoroughly as any questions ever have been discussed in ally the case in the early history of any movement. In
this country.
Now, who can tell why, after deliberation, fact, the first always to be attracted are the lightest bodies—
after a majority of the Senate had decided that a part of this men who have never
succeeded, andr never would succeed
money belongs to these companies, Senators should be so anywhere, but are ever looking for that land of promise
interested in the matter as to trick them out of what had where
they expect to receive without giving. Such waifs
been determined to be theirs by a deliberate judgment and are not desired in
any country, and especially are not needed
Out of what possible fact or combination of facts in the South. But for
vote.
hardworking men of frugal habits
the bill
were
could this intense interest have
sprung? If the money be¬ there is an inexhaustible demand—men of that class ;who
longed to the Government, or the Government had any have learned one of life’s great lessons, that about all the
shadow of a claim to any portion of it, and they were
trying money-making there is in the world is the result of economy
to keep that portion for the Government, one could at least in
management—saving what one’s next neighbor throws
understand this action; there would be an excuse for it.
away. This is the kind of material which should go South ;
there, and we know no land where it
it jg greatly needed
can
secure as
good a return.
be said that the Southern farmer claims that
cannot make money, and how then can we ?
There are
But it may
he
considerable portion of the planters in
the South fail to succeed, but it is not necessary to rehearse
many
why
reasons
a
for the fact that very many do prosper beyond
those reasons,
493
THE ’ CHRONICLE.
May 16,1874.]
of our Northern farmers with equal capital, is sufficient
for our purpose. Suppose one were to purchase
any
of land at $30, the outlay would be
Add to this for mules, tools, &c
.
50 acres
..
.$1,50 0
600
The above
figures apply to 1870. Of course some
changes have been made since, but this table is sufficient to
show us that the question of taxation for the new citizen to
consider is really not so serious anywhere as many have
been led to suppose.
In fact, the rate on each thousand dol.
lars and the rate per head is higher in many other sections
of the country.
Besides, it will be noticed that in those
Southern States where the government has been honest, tax
ation is small, and it is only necessary that this purifying
process be extended and the power in each State placed in
the hands of the taxpayers to bring down taxation in other
States.
$2,100
Entire cost
be grown sufficient food to support a
On this land can
Finally, it is often asked whether the Northern man
live peaceably in the South.
Such a question hardly
deserves serious answer, for it is beyond doubt that it wouTd
depend entirely upon his own disposition and character.
Some men cannot live at peace anywhere. If one endeavors
to make himself offensive to any community, he can generally
succeed; but if, on the other hand, he uses the same and no more
can
the necessary stock, with the little labor one may
have to employ, besides giving up say, thirty acres to cotton,
which, with good cultivation, should return 300 lbs. to the
This, at even 8 cents a pound, would bring in $720—
acre.
a better basis for working out a surplus than most of our
small Northern farmers have. Or if his capital is sufficient^ effort to conciliate his neighbors at the South that he would
he can take 100 acres with a still larger result, and work in use in the North, he will find similar success and a similar
a profit also by raising stock in a small way, having an or
welcome.
We cannot do better in closing than to quote on
chard, poultry yard, &c., the various little additions which this point the remarks of Mr. Kfllebrew in hi3 report, ns
are a part of every well-regulated farm.
The problem is an they entirely accord with our own views, and apply equally
easy one if, in solving it, one only uses the closest application, to every Southern State. “How,” he asks, “ will the people
family and
and the strictest economy—ingredients which
hard work,
makeup every surplus a Northern farmer ever secured.
An important question arises as to taxation. So much
has been said with regard to the debts Southern States have
accumulated, and the bad governments they have been
forced to live under of late, that the taxes one may be called
upon
On this
figures in Mr. Killebrew’s report, wonted
to pay become a leading consideration.
point we find some
out from
the
census
ments
into
of better comparison,
the following table:
$1,000 (true value).
head.
New York
Massachusetts
e.
Rhode Island
Pennsylvania
New Jersey
Taxation
per
head.
$7 47
$11 07
11 68
17 10
7 83
$1,483 27
1,463 03
1,441 30
11 28
7 31
9 93
12 25
6 96
7
8 18
men
the heartiness and all
the civility that
88.
10 28
8 59
Maryland
New Hampshire
824 37
10 30
8 49
793 663
12 88
10 22
Delaware
777 35
4 30
3 34
Indiana
754 58
8 52
6 42
Missouri
746 48
10 82
8 08
Nevada
732 72
26 34
19 30
Vermont
711 99
9 07
6 46
Wisconsin.
665 90
7 67
5 10
Michigan
607 41
7 52
4 57
Iowa
601 03
12 62
7 58
Oregon
567 06
11 26
6 39
Nebraska
563 26
14 83
8 35
Maine
555 35
15 36
8 53
Minnesota
Kansas
520 70
11 57
6 20
Macon.
FirstNat’nal Bank.
518 36
14 15
7 33
Texac—
Houston.
National Exchange
Bank
Kentucky—
American
LOCATION.
Massachusetts-
Suffolk
MassacbusettsBoston
Troy
New JerseyClinton...
Georgia-
9 71
9 03
3 89
6 79
2 69
334 31
11 26
322 81
18 33
5 91
South Carolina
294 99
13 30
3 92
Mississippi
252 67
17 86
4 51
North Carolina
243 39
9 02
2 20
I
I
Jefferson
Virginia
Arkansas
Florida....
.
\
235 23
11 22
2 64
Georgia
226 47
9 79
Alabama
202 46
14 77
2 99
Texas
194 30
7 10
1 38
as
Bank, New York, apadditional redeeming
National
Bank, New
|
York, approved in place of Central
National Bank, New York.
.
National Bank of Hanover National Bank. New York,
North America...
approved in place of National Park
- German
National Bank...
Paducah.
OhioAshtabula.
Ashtabula National
Bank.
proved in place of Am rican Ex¬
change National Bank, New York.
Importers’ and Traders’ Nat’nal Bank,
-New York, approved in' place of
National City Bank, New York.
Merchants National Bank, Cincinnati,
approved in place ef First National
Bank, Cincinnati.
Merchants’ Exchange National Bank,
New York, approved in place of
Importers’ & Traders’Nat’nal Bank,
New York.
Appioval of
Indiana—
Columbus
.
First Nat’nal Bank.
Wisconsin—
Sheboygan.
City.
First Nat’nal Bank.
First Nat’nal Bank.
2 21
.
proved
agent.
National Metropolitan
Missouri—
395 89
a
National [Central National
3 76
431 32
Tennessee.
it is possible for
Bank, New York, and Mechanics’
National Bank, New York.
Manufacturers’ Nat Central National Bank, New York, apBank
I proved in place of Ninth National
I Bank, New York.
Clinton
National Ninth National Bank, New York, apBank
I proved in plac^ of American Ex¬
change National Bank, New York.
(Fourth National Bank, New York, ap-
New York-
4 34
444 51
•
|
Bank
Boston
9 48
457 46
r
RBDEBHINO AGENT.
NAME 07 BANK.
New Hampshire— Cheshire
Bank
Keene
21 85
Kentucky
Louisiana
West Virginia
As kind-
CHANGES IN THE REDEEMING AGENTS OF NATIONAL BANES.
The following are the changes in the Redeeming Agents ol
National Banks approved since the 7th inst.
These weekly
changes are furnished by and published in accordance with an
arrangement made with the Comptroller of the Currency:
835 73
Illinois
?
gallant people to exercise, They will be welcomed with
open hands, and encouragement and sympathy will be given
them by every intelligent man and woman in the State.”
9 33
838 73
women
ly,” he replies, “ as they deserve. If they come to stir
up strife between the races, they will not, and should not, be
respected. If they come to live by their wits, and, by
making false representations to the Government, to secure a
fat office, they will not, as they should not, be respected. If
they come to preach the unutterable turpitude and sinfulness
of the former slaveholder, and to set themselves up as ex¬
amples of virtue and unstained purity, they will not, and
should not, be respected.
But if they come with earnest
hearts, and willing hands, and cheerful voices, to help build
up the prosperity of the State, be their politics what it may,
be their religion what it will, they will be received with all
10 52
Ohio
and
13 95
6 44
1,366 28
1,140 15
1.081-31
1,038 49
California
we
Taxation upon each
‘Wealthper
States.
Connecticut
instructive. For
bring all his state¬
returns which are very
the purpose
of Tennessee receive Northern
Third National Bank,
York, revoked.
First National Bank,
New
pioved in place of
Milwaukee, ap-,
Milwaukee Nation¬
al Bank of Wisconsin.
Fourth National Bank,
St. Louis, ap¬
proved in place of Fourth National
Bank, New York, and Second Nat.
Bank. bt. Louis.
Nebraska—
Lincoln...
Chemical National Bank, New York,
State Nat’nal Bank.
approved in place of First National
Bank. New York.
Banks.
New National
The
[May 16,1874.
'/THE CHRONICLE.
494
following is the only National Bank organized during the
past week, viz.:
3,145—The Second National Bank of Bay City, Michigan. Authorized capital,
$103,000 paid in capital, $50,000. William Westover, President;
Wheeler L. Plum, Cashier. Authorized to commence business May
,12, 1874.
Cat eat itlonetarn aitir (Eommercial
(Snglial) Ncioa
RATES OF EXCHANGE AT LONDON. AND ON
AT LATEST DATES.
EXCHANGE AT LONDON—
MAY 1.
LONDON
EXCHANGE ON LONDON.
LATEST
BATE.
TIME.
TIME.
DATE.
|
RATE.
1
Amsterdam...
Antwerp
Hamburg
short.
3 mouths.
«
•
•
•
short.
Paris
Paris
3 months.
Vienna
....
Bfirlin
Frankfort
St. Petersburg
Cadiz
....
il.17K@ll.18tf1
1.
May
kfc
25.52tfS.25.57tf
20.52 @20.56
25.15 @25.25
25.50 @25.55
11.42tf@11.47tf
S.25tf@ 6.25%
ll9tf@119tf
32 @32tf
short.
.
44
3
«C
•
•
....
1.
44
it
3
short.
Valparaiso
....
Pernambuco
Montevideo...
•
•
•
•
•
•
.
•
60
90
• •
•
•
■
Calcutta
Hong Kong...
Shanghai
.
Alexandria....
Sydney
April 30.
April 25.
April 23.
April 29.
•
•
*
•
•«
•
•
•
•
1
....
[From
our own
--
.
.
6.21tf
118%
.
.
.
.
....
....
6
Aoril 27.
....
•
....
.
$4 87 per £.
26%
26
.
April 30.
1 10%
1 I0tf
days.
.
days.
days.
....
Mch 31.
Jan. 26.
60
Singapore
.
.
May 1.
April 8.
•
..
Bombay
.
....
.
.
Feb. 21.
Mch. 31.
,
.
11.18
....
....
•
11.90
25.19
20.15
25.20
....
....
28.82tf@28.87tf
....
•
mos.
28.82tf@28.87tf
•
NaDles
New York
Rio de Janeiro
Bahia
Buenos Ayres..
....
mos.
....
May
48tf@l8tf
•
.
short.
90 days.
52% @52%
3 months. 28 82tf@28.87tf
Lisbon
Milan
Genoa
April account. The rise in Peruvian stocks has been
very great, owing to the favorable and authenticated reports which
have been received from the guano islands ; but the six per cents
are still about 10, and the five per cents about 16 per cent below
the
prices at which they were issued. Though there has been a decided
revival of business, yet it must be borne in mind that that those
securities which have during the last fortnight experienced so im¬
portant a rise, had been greatly depressed, and as more favorable
statements have been published with regard to the future, both of
Peruvian and Egyptian finance, it is but natural that those stocks
which yield so high a rate of interest should be actively pur.
chased by investors. Even after the late important rise, Egyptian
7 per cents of 1868 are obtainable at 79 ; do, 1870, 72£; do, 1873,
68£ ; Peruvian 6 per cents, 72£; do, 5 per cents, 61£. Up to the
present time, there has been no failure on the part of the Peru¬
vian and Egyptian Governments to pay the interest or to redeem
the requisite number of bonds, and hence it is but natural that a
large section of the public perceive no great risk in holdings
security which yields them about nine per cent, per annum, with
ultimate redemption at par. It is the demand for these classes
of stocks which has chiefly contributed to the animation in the
stock markets this week, though at the same time, the brilliancy
of the weather, and the favorable agricultural prospect, not only
in this country, but also in Europe, has had a most beneficial
effect, and have led to numerous bona fide purchases of English
railway stocks. The probabilities appear to be that we shall
have an early and abundant harvest, and that when this is
assured, the trade of the country, if only the disputes in the coal
and iron districts were brought to a termination, would steadily
revive. It is obvious, however, that we shall not acquire the
same degree of activity which we h ave lately lost until the trade
with the United States revives ; and consequently the agricultural
prospects In that country is viewed with considerable interest,
and hopes are entertained that the yield both of cotton and grain
the 15th of
Official No.
ON
stock made up amounted to £24,945,800 and 44,710 Lombardo
Venetian shares against £16,183,600 stock and 27,920 shares on
mos.
•
•
.
.
.
•
•
.
.
.
.
•
3
•
.
•
.
.
mos.
49%
.
*
.
.
[26%@26%
51%
Is. lltfd.
Is. 11 7-164.
4s. 4)4 d.
5s. lltf@os.lltfd
52%
97%
....
correspondent.]
London, Saturday, May 2,1874.
This has been rather
an
important week in the financial world,
and several circumstances have contributed to an advance in the
will be abundant.
Bank rate to four per cent. The leading cause
has been the withdrawal of large amounts of
The money market to-day
and the rates of discount are
of that movement
French gold coin
on Paris account.
The Paris money market has for some time
past been much dearer than"ours, and as we have during the last
two or three weeks been large buyers of Peruvian and Egyptian
Government securities, the demand for the means of remittance
to Paris has largely increased.
There has also been a great
scarcity of bills on that city, and the result has been that, not.
withstanding the Bank has further advanced the price, large
amounts of French gold coin have been sent away.
This is the
chief reason for the adoption of a four per cent rate of discount.
Apart from the rise in the official minimum, the new Indian
loan has been the prominent financial transaction of the week.
The amount was £5,000,000 on a four per cent stock.
The total
applications were £15,138,960. Tenders at £101 8s. will receive
about 13 per cent., and above that figujp in full.
There were
four separate tenders of £1,000,000, two of which were at £101
11s., and £101 16s., and one tender for £800,000 was at £101 17s.
of
bona fide
So vast a number
applications indicates that there is a large supply of money seeking profitable
investment, and that there
are
still many who are
content
*with
a
return
of
somewhat
less
than
four
cent interest. No doubt many, if not most, of the holders of
10£ per cents, created many years ago, will invest in the new
loan, which will yield them a similar rate of interest, so that, in
per
the
point of fact, the loan
from
one
assumes
the character
stock to another instead of
an
more of a transfer
actual loan. The opera¬
tions in connection with Indian finance show themselves in the
Bank statement in the increase of
exhibits
as
Open-market rates:
30 and 60 days’ bills
3tf@3%
3 months’bills
3tf@3%
The rates of interest allowed
count
Fer cent.
4 months’ bank bills
4
6 months’ bank bills
4 ©4tf
4 and G months’ trade bills. 4tf@5
Fer cent.
4
Bank rate
houses for
deposits
are
by the joint stock banks and dis¬
subjoined
Joint stock banks
Discount houses at call
Discount houses with7 days’ notice
Discount houses with 14 days’ notice...
The
abroad
fair degree of firmness,
a
under;
following
are
:
Per cent
3
3
«...
,
@
@
3tf@
3tf@
...'.
the rates of discount at the leading cities
:
Bank
rate,
Open
market,
percent, percent.
4# 4tf
Paris.....'.
Amsterdam
3tf
Frankfort
8tf
3%
4
3)4
3)4 3
Vienna and Trieste....
5
5
6
6
7
7
Hamburg
Berlin
Open
rate, market
percent.
per cent,
6tf
...
Turin, Florence
6tf
5
4tf
6
St. Petersburg
Brussels
5tf
and
Rome
Antwerp
Bremen
4tf
Genoa..
New York.
4*
5
Leipzig
Madrid, Cadiz and Bar¬
celona
Lisbon and Oporto....
Bank
!
4%
5tf-6
showing the present position of the Bank
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40" Mule yarn fair second qualitj,
and the Bankers* Clearing House return, compared with the
four previous years :
Annexed is
a
statement
of
1870.
Circulation, including
£
bank post bills
24,303,558
Public deposits
8.632,606
Other deposits
16,001,374
1871.
£
25.422.560
.1872.
£
1873.
£
26,303.250
9,937,735
26.563,803
1874.
£
26.626,416
12,761,007 14.563,122
19,717,590 19,255,287 19,308.520 17,993.930
Government securities. 12,896,284 12.958,741 13,306 087 13,-S80,963 13,803.274
Other securities
18,855,149 19,932,767 23,355,960 25,803,478 26,433,169
8,575,606
£5,879,616 under the head of
public deposits.” Since the Bank return was made up, the
greater portion of that sum has been released, so that the falling Reserve of notes and
coin
off in. the proportion of reserve to liabilities from 42 to 31^ per Coin and bullion in 10,973,652 13,655,640 10,632,865 10,994,397 10.393,818
both departments.... 19,848,607 23,948,220 21,555,455 22,164,097 21,654.753
cent is no indication of the present state of the money market.
4 p. C
4 p. c.
4 p. c.
3 p. c.
Bank-rate
2)4 p. c.
92%d.
On the contrary, it is believed that the proportion of reserve to Consols
94d.
93% d.
93tfd.
93tfd.
60s. 0d.
54s. lOd.
59s. 7d.
54s.
bd.
42s. 7d.
English wheat
liabilities is about 40 per cent at the present moment.
8tfd.
Mid. Upland cotton....
9%d.
ll%d.
10%d. 7 5-16d.
No.40 mule yarn fair 2d
Throughout the week the demand for money has been very
ls.4d.
la. 2tfd.
tJliaiXtjr
lO.
A.
.KJ/y VO..
~
quality
Is. 3tfd. la.Otfd.
iO.
active, and the rates of discount have been very firm. Apart Clearing House return. 89,307,000 106,051,000 137,743,000 112,535,000 116,590.000
from the requirements of the community in connection with the
There has been no demand for bar gold for export, but large
Indian loan, and with Indian finance generally, there has been a sums of foreign gold coin have, as stated above, been transmitted
more general demand, especially with
regard to the Stock Ex. to Paris, in consequence of our large purchases of securities and
change department. The account which has been in progress the low rate of exchange. Silver, however, has been very dull
this week has been more extensive than for some time past, the and has daily receded in value, but Mexican dollars are rather
increase being chiefly noticeable in Peruvian and Egyptian stocks. firm. The following prices of bullion’are from the circular of
According to the Stock Exchange clearing returns, the total Messrs. Pixley & Abell;
“
..
,
186-709.
THE
1874.]
May 16,
GOLD.
Doubloons
United States Gold Coin...,
South American
..
..
d.
8.
per oz.
per oz
peroz.
Bar Gold...,.
Bar Gold, fin0....
Bar Gold, refinable....
CHRONICLE.
@
@
per oz
per oz. none here
d.
8.
standard. 77 9 ©
standard, 77 9 ©
standard. ,77 11 ©
...
....
....
....
....
SILVER.
d.
s.
Fine
per oz. standard.. nom...
containing 5 grs. Gold
per oz. standard.
Mne Cake Silver
peroz.
Mexican Dollars
per oz.
SDanhb Dollars (Carolus)
per oz..none here.
Five Franc Pieces
per oz., none here.
Bar Silver,
Bar Silver,
4
4
s.
d.
10#@ 4 11
H>8© 4 11%
no price
©
@
©
.
.
....
....
....
following, from Sir Jolin Lubbock, relates to the Clearing
The
showing the working of the Clearing House for the year
House,
the 30th April, which is the seventh during which
The total amounts for the
seven years have been :
ending on
these
statistics have been collected.
Total for
the year.
1867-68....
1fi7(\_71
1Q71-72
...
..
.
....
...
...
...
...
...
1872-73—
...
1873-74—
....
5,359,722,000
6,003,335,000
5,993,586,000
272,841,000
4,018.464,000
£444,443,000
550,622,000
59^.763,000
63u,916,000
942,446,000
1,032.474,000
970,945,000
£132.293,000
142,210,000
148,822,000
169,141,000
233,843,000
243,561,000
260,072,000
total amount of bills, cheques, &c., paid at the Clearing
during the year ending April 30,1874, shows therefore a
decrease of £9,749,000 as contrasted with 1873.
The payments
on Stock Exchange account days form a sum of £970,945,000,
being a decrease of £61,529,000 as compared with 1873. On the
other hand, the amounts passing through on the 4ths of the
month for 1874, have amounted to £272,841,000, showing an
increase of £6,876,000 over 1873. The payments on Consols
account days for the same period have amounted to £260,072,000,
giving ah increase of £16,511,000 over 1873. I am indebted to
Messrs. Derbyshire & Pocock, the inspectors of the Clearing
House, for the above figures, which will, I think, be interesting
to many of your readers.
The
House
nearly all Continental 'cities, and especially on' Paris,
the rates are rather lower.
United States’ Government securities have been in steady request for investment, and the quotations have ruled firm. Erie
shares, which were at one period firmer, have recently been dull,
there being no disposition to purchase them in the present state
of uncertainty. It is to be hoped that President Watson and the
accountants who are about to proceed to New York, will thor ¬
oughly investigate the accounts and set the matter right with
the public, and thus prevent in future the continuous issue of
circulars, which, by the bye, can only be got up at a great expense
Bills
crops of cereals, we ought to have au
There have been some sharp frosts at
abundant yield of produce.
night, but as the weather
has of late been very dry, no injury has been done, and there is
still a belief that the crops will be early. In consequence of the
favorable harvest prospect the corn trade has been
greatly
wanting in animation during the week, but as the supplies Of
grain offering are limited, a decline of only one shilling per
quarter has been occasionally submitted to. The quantity of wheat
now estimated to be afloat to the
United Kingdom amounts to
1,188,003 quarters, against 19G,000 quarters last year.
The following figures show the
imports and exports of cereal
produce into and from the United Kingdom since harvest, viz.,
from Sept. 1 to the close of last week, compared with the
corresponding periods in the three previous years:
On fourths On St’k-Exchange On Consols
account daj*s. settling days.
of the month.
£147.113,000
161,861,000
168,523,000
186,517,000
229,629,000
265,965,000
£3,257.411,000
3,534,039,000
3,720,623,000
495
IMPORTS.
1873-74.
m
Wheat
Cwt. 28.310,696
6 294,151
6,248,527
1871-72.
1870-71.
2,966,9.-6
10,274 253
Oats
Peas....
27,365,719
8,974,153
6,266,982
534,845
2,374,151
12.534,202
4,392,197
Barley
4,699,678
2,170,280
9,923,996
3,151,094
2,630,741
86,768
702.039
Beans
Indian Corn
Flour,.
21,752,550
5.391.139
6,748,742
412,416
1,219.118
EXPORTS.
Wheat
168,621
11,761
2,047,713
14,389
11.810
99;262
5,997
1,223
25,679
88,687
7,420
5,001
20,647
[1,237,201
47,001
16,742
56,980
100,793
Barley
1,615,910
229,117
71.831
9.585
2.256
cwt.
14,634
48,5*22
1,294,960
Oats
Peas
Beans
Indian»Corn
Flour
The
public sales of Colonial wool were* commenced on
Tuesday. Mr. Helmuth Schwartze, in his circular dated yester¬
day, states that tho following [are the arrivals in time and the
quantity catalogued up to date:
Catalogued
up to date
(bales.)
(bales.)
52,787
4,777
13,376
117,446
Sydney
Phillip
Port
Van Dieman’s L’d 9,012
Adelaide
*85,995
Swan River
3,915
257
New Zealand
Cape
....
Of the above 293,380 bale?,
41
Sundries
4,924
,
Catalogued
up to date.
(bales.)
(bales.)
40,106
1,961
34,119
4,134
•Arrivals,
Arrivals,
on
have been scarce, and
1872-73.
30,556,815
11.085,379
6,554,249
922,910
1,721,180
13,379,665
Total
29,470
293,380
13,000 hales—8,000 Cape and 5,000
Australian—were forwarded direct to Yorkshire and the Con¬
280,000 bales for disposal in this market.
Heavy supplies were expected, hut the actual arrivals consider¬
ably exceed even the largest/.estimates, and in the rather
indifferent condition of the trade this exceptional accumulation
of wool has not failed to produce a corresponding depression in
The falling-off in the traffic has, no doubt, had some effect in de¬
prices.
Phillip and Sydney fleece rule 2d. lower than at
pressing the market; but an improvement in this respect is the closePort March
of the
series, the decline being strongest in the
naturally anticipated when the country has fully recovered from
case of inferior faulty lots, of which there is a plentiful supply.
the effects of last autumn’s financial crisis’ In Atlantic & Great
The fall is less marked in scoured sorts, especially where clean
Western securities very little is done, and Illinois Central shares
shafty wools are concerned, and still more moderate in greasy
are rather lower; but other American railroad bonds are firm in
value. The following were the closing prices of Consols, and the kinds, which sell but ^d. to Id. below March quotations, and even
reach them occasionally. On washed cross-bred there is a strong
principal American securities at to-day’s market:
decline (2d. to 3d.); on greasy, however, only about Id., owing to
Consols
93 © 93#
United States 6 per cent 5-20 bonds, ex 4-0
xd.l03%@10 i# a fair amount of foreign competition. Cape wool shares in the
do
1865 issue,
xd.l()6#@106# fall to but a very slight flfegree. Prices rule somewhat in favor
do
1867 issue,
109 @109#
do
5 per cent. 10-40 bonds, ex 4-0
104 @104# of buyers, but in not a few cases former rates are obtained,
do
5 per cent Funded Loan, 1871, ex 4-0
xd.104 @104)4;
particularly for scoured.
Atlantic and Gt West., 8 per cent. Debent’s. Bischoffsheiin’s ctfs
@
Ditto Consolidated Bonds, 7 per cent.,Bischofi8heim’s certificates. 20 © 22
The attendance of buyers is good, and at the stated reduction
Ditto 1st Mortgage, 7 per cent bonds
59 @60
Ditto 2d Mortgage^ 7 per cent bonds
38#© 39# there is fairly animated competition. To alleviate tho pressure
\
Ditto 3d Mortgage
18#@ 19# of the heavy supplies and afford the trade longer time to work
Erie Shares, ex 4-0
32#© 32%
do preferred
51#@ 52# them off, the committee of importers have decided to fix the
Dittos per cent. Convertible Bonds,
94 @95
commencement of the third series as late as the 18th August
Ditto 7 per cent Consolidated Mortgage Bonds
88 © 89
Blinoi8 Central Shares, $100 pd., ex 4-0
Illinois and St. Louis Bridge, 1st mort
Massachusetts 5 per cent, sterling bds, 1900
New Jersey United Canal and Rail bds
New York Central $100 shares
Panama Gen. Mort. 7 per cent, bonds, 1897
Pennsylvania Gen. Mort. 6 perct. bds, 1910...
Virginia 6 per cent, bonds, ex 4-0
.
90 © 91
98#@ $9%
96 @ 98
101
87
95
....
@102
@ 8!)
@ 97
98#@ 99%
© 40
cent per annum, and participating in the
further profits of the undertaking after payment o f £12 per cent
per annum on the deferred shares, redeemable within twenty
years, by annual drawings (commencing not later than 1878), at
£10 per cent premium on the amount paid up per share, or at the
option of the holder, exchangeable for deferred shares. The
company is formed with tho object of acquiring and developing
a freehold
estate of 750,000 acres in New Mexico.
The weather, as we have already stated, has been remarkably
brilliant, though somewhat cold, owing to the prevalence of
easterly winds. Vegetation has, nevertheless, made steady pro¬
gress, and, if it bo true that a cold spring is favorable for the
necessarily entails the abandonment of the
likely to strengthen the market, by stimulating
competition and creating confidence in the stability of prices.
The present series will last till the 17th June.
This measure—which
5th series—is
35
The prospectus has appeared of the United States Land Colo,
nization Company (Limited), with a capital of £525,000, in 15,000
preferred and 37,500 [deferred shares of £10 each, the first issue
of which will comprise 7,500 preferred shares, bearing interest
at the rate of 12
per
tinent, leaving about
English Market Reports—Per Cable.
closing quotations in the markets of London and Liver¬
pool for the past week have been reported by submarine telegraph
The daily
is
shown in the following summary:
London Money
and Stock Market.—American
secuiities are
luiet and slightly higher at the close, having been quite steady
hroughout the week. The bullion in the Bank has decreased
£62,000 during the past week.
sat*
Jonsols for money
“
J.
account
93
93#
“
1867
j. s. 10-408
daw 5s
93%
93
93%
Thnr.
93%
93%
93%
93%
Tues.
Wed.
Fri.
93%
93%
107
107
107
107
107
199%
1C9#
109%
109%
109#
m%
104%
104
104
104
104
109#
104%
104%
104%
104%
f.10i%
104%
S.6s(5-20s,)1865,old..W7
“
Mon.
93
quotations for United States 6s (1862) at Frankfort were:
98#
98%
98%
Liverpool Cotton Market.—See special report of cotton.
Ths
J. S. 68 (5-20s) 1862
Livemool Breadetuite
MarketBreadstuff's close dull with
peas Is. Gd., and red winter wheat
and California wheat and corn each
d.
8.
I 28 0
11 6
12 0
(Red Winter).....
44
12 11
(Cal. White club)
38 0
Corn (West, m’d) $ quai
0
r 41
Peas(Canadian).
oua.44
quotations unchanged.
92
Beef (mess) new $ tee...
Pork (mess) new^bbl...
Bacon (long cl. mid.)^ ci
Lard (American) ...
44
d.
6
6
9
48 3
76 0
67
43
44
--
Tues.
s.
d.
92 6
67 6
43 9
43 0
76 0
-
d.
6
6
6
0
0
s.
92
•67
43
48
76
Fri
Thnr.
s. d.
9*2 6
67 6
44 0
48 0
76 0
Wed.
advanced in price.
ave
44
TallowfAmerican)...$ cwt. CO CO
38
Cloverseed (Am. red).. “
37
11*
11*
n,V
33 3
38 3
CO
3
38 3
33 3
Sat.
92
67
44
48
76
lower ;
Lins,dc’ke(obl).^ tn 10
Linseed(Calcutta)....
Sugar (No. 12 D’cb std)
on spot, $ cwt
Sperm oil. T.... 38 ton 105
Whale oil
44
33
Linseed oil*..
44
28
.
..
15 0
62 3
s.
d.
10 15
62
0
3
25 6
25
6
£
25 6
s.
£
d.
d.
9
0
0
6
14
1
H*
11*
11*
38
33
Fri.
8.
38
as
3
3
38
3
3
3
37 0
37 0
30 0
37 0
Wed.
£ s. d.
10 15 0
62 3
3s.
declinedTues.
Mon.
10 15 0
"-'’62 3
d.
p.
37 0
30 0
37 0
0
£1, and linseed oil lias also
£
6
14
1
d.
6
6
6
0
0
8.
Thur.
s.
d.
6 9
14 0
1 0
s.
Thur.
£ s.d.
10 15 0
30 0 30 0
29 6
Oil Markets.—Linseed cake has
44
London Produce and
-
d.
9
0
0
s.
Wed.
d.
6 9
14 0
1 0
Tues.
s. d.
6 9
14 0
1 0
Mon.
Sat.
s. d.
Rosin (common)... $ cwt.. 6 9
“
13 0
fine
44
Petroleuuifreflned).... $ gal1 1 0
Spirits turpentine
s.
8.
Market.—Spirits turpentine is 6d.
(spirits}
Frl.
d28 0
11
3
«
12
12 8
3
37
42 6
Thur.
d.
28 0
11 4
12 0
12 9
37 3
41 6
Wed.
s. d.
23 0
11 4
12 0
12 9
37 6
41 6
--
Tues.
d.
s.
28 0
11 4
12 0
12 9
37 9
41 6
-
Mon.
s.
d.
92 6
67 6
43 9
48 0
76 0
Sat.
s.
1078
lower.
Market,—Bacon is 9d. higher, with other
Liverpool Provisions
Cheese(Amer’n fine)
2d. higher, and red Western
Mon.
s.
d.
28 0
11 6
12 0
12 1L
38 0
41 0
Sat.
44
29 6
declined
Fri.
s. d.
10 15 0
£
62 3
3
25 6
25 6
62
25
6
105 0 0 105 0 0 105 0 0 105 0 0 105 0 0
0 0
33 0 0
33 0 0 33 0 0 33 0 0 33 0 0
6 0 28 3 0 28 3 0 28 3 0 28 3 0 23 3 0
0 0
~COAlVi^ROlAL AND MISCELLANEOUS NEWS.
Imports and Exports for the Week.—The
week show a decrease in dry goods and an increase in
chandise.
The total imports amount to
against $6,537,995
The exports are
week,
imports this
ceneral mer¬
$6,515,037 this week
week.
last week, and $7,228,874 the previous
$4,454,367 this week, against $5,736,887 last
and $7,295,229 the previous week. The exports of cotton
the past week were 2,573 bales, against
The following are the imports at New
(for dry goods)
6,834 bales last week.
York far week ending
May 7, and for the week ending (for general
merchandise) May ft:
FORE ION
•
FOB THE WEEK.
1872.
1873.
IMPORT8 AT NEW YCRK
1871.
Total for the week..
Previously reported....
report of the dry goods
our
$1,417,735
$7,425,926
$6,561,621
$6,387,442
163,124^39
$6,515,037
144,711,176
163,388,502
l37;074.773
$143,636,394
Since Jan. 1
$1.2S6,754
5,228,921
4,765,719
General merchandise...
1874.
$2,197,065
$1,795,812
Dry goods
In
$170,814,428
5,100,688
5,097,302
$169,512,081 $151,226,213
trade will be found the imports of
dry goods for one week later.
\
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports, for the week ending
May 12 :
EXPORT8 FROM NEW YORK
$4,306,496
$3,741,808
86,085,777
For the week
Pi eviously reported....
77,159,135
1873.
May
May
May
May
94,641,825
$100,640,533
American silver coin..
Bank notes and gold...
1874
I
been as follows:
May 4-Bark Rockett
May
5—Str. Cuba
$13,758,549
Same time in1869
1868
1867
1866
$19,079,003 |
14,827,433 |
28,026.292 j
9,490,414 |
The imports of specie at this port
5—Str. Perit.
$11,340,341
25,849.903
11,161.843
8,200,711
during the past week havo
Curacoa
Silver
Vera Cruz. ..Silver
Gold
..
7—Str. City of New fork
$15,482
Gold
Silver
3,600
3,000
Bermuda
Havana
217,021
$252,559
1,234,079
Previously reported
,
1, 1874
....
1670
I
$1,486,638
Same time in —
$1,657,739|1869
,
649,02111868
3,009,745 ! 1867
6,888,327 |
■
$8,610,041
2.826,330
1,025,521
authorized by
the Committee further to settle
100
& Co.,
the
was
withjthe creditors
A Put
price of the stock.
distance from the market
shares, including commission, will cost $106 25,
Double
issued at the
DOUBLE.
PITTS.
Lake Shore....
Rock Island...
Below.
2
2
2
£.
2K
2K
SK
3K
....
DOUBLE.
CALL8.Ab’ve&
Below.
2
3%
2%
2K
....
c. c. & r. c
Above, below.
‘>
Pacific Mail
1
Union Pacific...
...
...
...
2*
2*
2*
3H
2V
3*
*k
2K
2K
2K
2K
...
j Erie... j».Union.
Westein
2
IK
..
| N. J--. Central
2%
2X
....
....
rates.
PUTS.
bove. below.
N orthweotern
Wabash
2%
IK
St. Paul
Ohio & Mississippi. 1
.
same
1
CALLS.Ab’ve&
....
Call on
and for a
or
Privilege Certificates
Privilege the cost will be $212 50.
for less than 100 shares will be
3
L
2K
3K
2X
of the last number of the Wall Street Reporter, con
taining a full report of the operations of the past week, and
explaining how large profits are made in stock speculations, with
but a small risk of loss, by investing from $50 to $100 in Puts,
Calls, or Double Privileges, will be mailed free, to any.address.
A copy
COTTON
CONTRACTS
Advances made
Collaterals.
on
Bought and sold on Commission only.
and approved Stock Exchange
Cotton
R. M. WATERS & CO.
56 Broad st
BUY or SELL
HASSLER & CO., No. 7 Wall utreet. N.
RAILROAD BONDS.—Whether you wish to
^rite to
Tumbridge & Co., Bankers and Brokers, corner
New York, negotiate Puts or
for 100 shares (30 days), at the
stocks:
PUTS.
Be ow.
May 15, 1874.
N.Y. Central.
IK
Lake Shore...
2
West. Union..
2K
Wabash2K
IK
St. Paul
...
As to the proposed settlement of Messrs. Jay Cooke
it has been reported in the newspapers that after declaring
dividend of 5 per cent. “ it is also understood that the trustee
—
CO., Stock & Privilege Brokers, 48 Broad
street, New York, having contracted with responsible parties,can,
for the coming week, negotiate S^ock Privileges at the following
L. W. HAMILTON &
13,456
Total for the week
Total since Jan.
Same time in—
1873.
1872
645,250
11,230,486
Previously reported
May
3,340
$2,528,063
Total for the week
May
20,000
American gold coin
15,000
Gold coin & silver bars. 608,754
U. S. silver coin
3,000
U. S. gold eoin
BANKING AND FINANCIAL.
96,245,837
Spanish Doubloons.... 23,781
American gold
883.488
Silverbarsand Am.g’ld. 191,500
7—Str. City of Havana.Havana
9—Str. Celtic
Liverpool
9—Str. Algeria
Liverpool
4—Schr. Rebecca Ann.Ponce, P. R
5—Brig Clarabelle
Arroyo, P. R
7—Str. Thuringia
Hamburg
9—Str. Colon
Aspinwall
Guayaquil
9—Str. Neckar
London
Total since Jan. 1,
Same time in—
1873
1872
—
$4,454,367
7,600
Mav
3-10
1874.
$5,998,713
$100,700,204
The following will show the exports of specie from the port of
New York for the week ending May 9, 1874, and since the
beginning of the year, with a comparison for the corresponding
date in pre^io^s Years:
m
May 5—Str Colnmbns
Havana
American gold
$58,747
May 5—Schr. Samuel Ward.Gov’nr’s Harbor. American silver coin...
~ 200
May 6—Str. Scotia
Liverpool
67,400
Silver bars
American gold coin....
$80,900,943
$90,392,273
Since Jan. 1
the following terms : 50 per cent, in the Northern Pacific ~
gold bonds, at 70 cents on the dollar; 18 per cent, in the
Oregon Steam Navigation Company’s stock, at 40 cents on the
dollar; 7 per cent, in first mortgage bonds of the Lake Superior
and Mississippi and other railroad companies, at from 70 to 75
cents on the dollar ; and 10 per cent, in the 10 per cent, income
bonds of the Lake Superior and Mississippi Railroad Company at
40 cents on the dollar. It is proposed by the trustee and commit¬
tee to make a further cash dividend of 10 per cent, as soon as it
can be realized from the remaining assets, thus settling with the
creditors in full. Upon this beiDg carried out the creditors will
receive 15 per cent, in cash and 85 per cent, in securities at tba
rates given above.
—The tendency of the wholesale dry goods trade to remove up
town has been checked^ by the erection of the elegant block of
warehouses on Duane, Church, and Thomas streets.
The promi¬
nent commission house of J. S. and E. Wright & Co., have
removed from the corner of Church and Franklin streets to the
commodious stores Nos. 71 and 73 Thomas, and 117 and 119
Duane streets, and their lead will very possibly be followed by
many other of the large houses in the trade.
Messrs. J. S. and
E. Wright & Co., are the agents of the Pepperell, Bates, Putnam
Columbian and Renfrew Manufacturing Companies.
The Andros-*
coggin, Continental, Cordis, Palmer and Warren Cotton Mills.
The Laconia, Franklin, Thorndike, Boston Duck and Otis Cem*
panies. The Otis, Lowell and Troy Hosiery Manufacturing Com¬
panies, and the Oriental Print Works.
—At the meeting of the stockholders of the Delaware & Hudson
Canal Company, on Tuesday last, the following gentlemen were
elected managers for the ensuing year: Charles N. Talbot, John
Jacob Astor, Abiel A. Low, Thomas Cornell, Robert Lenox Ken¬
nedy, W. J. Hoppin, James M. Halsted, J. Pierpont Morgan,
Legrand B. Cannon, George Cabot Ward, James R. Taylor, Robt.*
M. Olypbant, and Thomas Dickson. Mr. Thomas Dickson was
then unanimously re-elected President. The board, as consti¬
tuted above, includes the names of some of our most prominent
business men, and in point of prestige ranks very high.
We call the attention of our readers to the card in to-day’s
issue of the new firm of H. J, Morse & Co. Mr. Morse is a mem¬
ber of the Stock Exchange, and has been in business in the street
for many years.
Mr. A. B. Lounsberry, his partner, was formerly
connected with the Dsvoe Manufacturing Company as castiier.
The firm propose to do a regular banking and stock commission
business, and solicit orders for the purchase and sale of stocks,
bonds and gold from out of town parties.
—Mr. George K. Sistare is offering any part of $350,000 of
New York County 7s, due in 18^3, at lower prices than those
which Lave ruled at times during the past few months; he is
also offering Brooklyn Park bonds, fifty years to run, and both
these first class securities will proDably attract the attention of
financial corporations and other conservative investors.
—Mr. Joseph U. Orvis of this city has just returned from Endland after negotiating several loans for various corporations. He
reports abetter feeling among the European capitalists towards
American investments of the highest class, but no disposition at
all to invest in unfinished railroad enterprises.
He has been
absent on his foreign tour about six months.
upon
FOR THE WEEK
1872.
1871.
May
May
May
[May 16,1874.
THE CHRONICLE
493
...
...
..
...
Broadway and Wall
street.
Calls on stocks costing $50 for 50 shares, $1W
following rates from the present market price or
SPREADS.
SPREADS.
calls. Ab’vete
PUTS.
CALLS.
Above, below.
Below
Above,
2Y
2K
lie
2H
I*
2K
3K
2K
Ohios
Union Pacific.
4K
3
C., C. & I. C...
3*
2%
2\
Pacific Mail...
Erie
W
2
Thirty-two page explanatory pamphlet
...
...
...
...
2K
mailed on application.
s*
A b’ve&
below.
•
t*
SI
<0>a?£tte.
<alf)£ Hanker’
D I V I » EN D S
497
CHRONICLE
THE
1674 J
May 16,
Range since Jan. 1.Highest
2 117
Apr.
120* Feb
115* Jan.
122
117
Jan.
Apr.
118* Apr.
112* Jan.
114
Jan.
120* Apr.
Jan.
115
121* Apr.
120* Apr.
114* Jan.
120* Apr.
114* Jan.
114
Jan.
120* Apr.
115* Mch.
110* Feb.
1 In* Feb.
112* Mch.
Jan.
117* Apr.
114
5s, funded 1881....coup..
6s, 1881
reg..
6s, 1881
coup..
6s, C-20’8, 1862......coup
6s, 5-20’s, 1864
coup..
6s, 5-20’s, 18r»5
coup.,
.
.
•The
following Dividends have
been declared daring the past week:
When
Per
Company.
P’able.
Cent.
Closed.
Books
Railroads.
-
4
May
1
Miscellaneous.
coo....... .
Auania
Rankers’ &
.Tune
1 May 18 to June 2
May 15 May 12 to May 16
$2
........
8
Brokers’ Association
Friday, May 15, 1874—6
The money
5-20’s, 1865,
5-20’s, 1867
5-20’s, 1868
10-40’s
5s, 10-40’s
6s, Currency
6s,
6s,
6s,
5s,
market and Financial
new coup..
coup..
coup..
reg..
coup.,
reg.’,
,—Amount
April
U. S. 6s,
May
May
30.
8.
15.
106*
106*
5-20’s, 1865
28
10
29
29
29
15
>
Coupon.
$176,797,450 $138,177,500
193,173,750
89.562,600
16,610,100
25,946,300
29
56.777.000
151,654.400
33,946.500
118,744,600
145,856.100
30
29
27
28
2
87,786,250
222..'08 150
13.878,000
23,596,000
33.789,750
141,103,000
53,464,300
64,623,512
as
follows
:
Since Jan. 1.
Highest.
|,
J
Lowest.
106* A pi. 22
107
May 1.
Registered.
Closing prices of securities in London have been
P. M.
Situation* — Tlie
—.
Lowest.
111
Jan.
Feb. 19
110
107* Jan. 5 110 Feb. 19
109*
109*
6s, 5-20’s,
109*
market has shown a further tendency to extreme ease, U. S. 5s, 10-40’8 1867
U. 8.
104*
104* -103* Fob. 16 105* Jan. 24
104*
10!
102* Jan. 15 104* A pi. 13
104*
104*
and money has been loaned in some cases at 1 per cent, the pre¬ New5s
ying rates having been 2@4 per cent on all good collaterals,
State
and
Railroad
Bonds.—Tennessee
and
Missouri
yhe lack of demand for money either for'speculative or legitimate bonds have been the most active in this market, the latter being
trade purposes, is, of course, the immediate cause of the accumu¬ in fair demand for .investment.
The Comptroller of Tennessee
lation of funds in bank and the prevailing ease in the market.
gives notice of the payment of the interest due in July on the
The passage of a new currency bill in the U. S. Senate yester¬ funded and registered bonds. The whole amount of bonds for
which the State will ultimately be liable, excluding tbe debts of
day is one of the features of the week, although it is premature solvent railroads, is about $22,000,000, and of this amount over
at this time to say much in regard to its details, in view of the
$4,000,000 had been funded and some $12,490,000 had been regis¬
uncertainty as to whether it will ultimately become a law. Many tered up to tbe 4th inst. The registered bonds are those which
have been presented for examination and received the official
of the provisions of the bill are'[similar to those of the banking
certificate which entitles them to the payment of interest the
and currency bill of the House, and the same objection is urged same as funded
bonds. These are bonds not yet due, aud there¬
to the section which provides for the withdrawal of all the re¬
fore not yet fundable. The Virginia Board of Finance has resolved
to pay two per cent oh the six per cent, and one and two-thirds on
serves of National Banks from the redemption cities to their own
tbe five per cent stock issued under the act of March 30, 1871,
vaults, that it would make a contraction at the money centres.
and the like rate upon two-thirds ot the face of the stock not
As to the general foreign trade of the whole country the
funded.
They also passed a resolution that payment at the same
following, from the monthly statement lately issued by the rate, for interest due July 1, 1874, wiil be made as soon as the
Bureau of statistics at Washington, is of interest. The figures condition of the treasury will warraut it, of which due notice will
be giveD.
are for the month of January and for the seven months ending
The inquiry for railroad bonds runs on the old and well known
Januarywl, being the first seven months of the U. S. Fiscal issues, and there are but few transactions in the bonds of less
established character.
The following were sold at auction:
\\
year:
Domestic exports,
Foreign
call loan
Imports.
(specie values.)
3fonth ended January 31, 1874
$44,235,492
$(<5,115,913
$1,900,323
January 31, 1874
55 411,252
61,011,914
360,837.772
329,306,257
1,832,44!
12,837.469
15,970,897
Periods.
Month ended
months ended January 31,’74 329,496,105
Seven months ended January 31, ’73 379,190,969
Seven
The amounts of the
exports.
foregoing which consisted of merchan¬
months
$5,000 Forty-second Street and Grand Street Ferry Bailroad Company 1st
95
mortgage 7 per cent bonds, imerest April and October...
75
58* shares Real Estate Trust Company. $100 each
77 shares Chicago, Iowa and Nebraska Railroad Company, $100 each
60
20 shares Iowa Land Company, $100 each
25*
$95,003 Mobile and Alabama Grand Trunk Railroad 1st mortgage 8 per
cent gold bouds, due Jan. 1, 1900.
Eudorsed by the State of Alabama..35
dise, and specie and bullion, respectively, for the seven
ended January 31, 1874 and 1873, were as follows :
Closing prices daily,and the
specie values.
Foreign.
Exports
$30,384 956
$3,160,605
307,039,616
364,804,521
330,452,816
276,591,196
9.696,864
9,316,8!3
14,386,448
52,715,061
6,654,084
Imports.
Specie and bullion, 1874
$22,456,489
Merchandise, 1874.
Merchandise, 1873
Specie and bullion, 1873
—
The market for commercial paper
is rather easier, and quota¬
5@6 per cent for prime paper, with a small supply ot
that class offering.
Cable advices from London on Thursday reported that the bul¬
lion of the Bank of England decreased £62,000 in the week, but
there was no change in the discount rate.
The last statement of the New York City Clearing-House banks
on May 9, showed a further increase in legal tender reserve, the
excess above the 25 per cent requirement being $17,313,375 agains*
$15,149,825 the previous week.
The following table shows the changes from previous week
and a comparison with 1873 and 1872 :
tions
are
May
9.
Domestic Exports
May
11.
GsTenn., old
6sTenn.,new
6s N. Car.,old....
68 N. Car., new
83*
*83
*21
•83*
*21
*21*
6s
‘32
*32 *
*51
*31
*51
*11
*11
Virg., old
do
do
consolid. **5U%
deferred. *11
4sS.C., J. & J....
*1*
6s Missouri
Cent. Pac.,
95
•94*
*
This
is
a
105*
the price
bid.
*3l
*51
io%
*<15 *
91*
85*
79%
84*
*31
*51
*10%
8*
*95*
6
9
Feb. 17
10% May 13
7
Apr. 28
90* Jan. 2
21* Mch. 21
Jan.
42
94%
92* Jan.
3
85*
*79
79%
*10)
85*
*79*
....
...
81* Jan.
75* Jan.
73% Jan.
2
3
96* Jan. 14
87
Apr. 7
50
101
...
Jan. 30
53* Jan. 27
11% Feb. 13
Jan. 12
Mch. 2
11
96
85
89
(I
Mch. 31
Mch. 27
5 105
Apr. 7
3 109
Apr. 2S
Jan. 27 106* Mch. 19
Jan. 6 105* Apr. 11
Jan.
10-2% Feb.
106
....
104
101
....
105* *105* *1C6
*105*
no sale was
Jan.
*94
*107
*107
*103
*105
16
40
*10%
*3
96
*101
101
*100%
*83
*.0*
79
79
made at the Board.
and Miscellaneous Stocks.—There has been but
Railroad
a
*107
83*
*
15.
*o3
*21
•8*
36
80
34*
86
80*
84*
14.
S3
*
*31
*7%
95*
94*
*95
Un Pac., 1st
85%
do
L’dGr’t *8*
do
Income.
85
Erie 1st M. 7s
*101
N. J.Cen.lst 7s.. *105
Ft Wayne 1st 7s.
Rock laid 1st 7a...
*83
*7%
91%
gold..
•S3*
83*
Since Jan. 1.
,
Lowest.
Highest.
8 91% Mch 11
Jan.
Jan.
9 91* Mch. 20
20* May 1 29* Jan. 24
May
May
13.
*81
83
*21
12.
since Jan. l,have been:
range
May; M»y
moderate business in stocks, and prices have fluctuated within
narrow limit.
The best prices of the week were made on Mon¬
day, when considerable strength was shown, but subsequently
influence of “ bear ” attacks and
there was some strength shown early,
tbe market fell off under the
prices ruled lower. To-day
but afterwards prices declined a fraction and tbe closing tone
1874.
1872.
1873.
was weak.
Tbe market is undoubtedly controlled to a large
May 2.
Differences.
May 9.
May 11.
May 10.
extent by speculative cliques or combinations, but it lias been
Loans anadia. $286,574,300 $286,503,600 Dec.
$70,70C $274,(.87,900 $285,002,(01
Specie
21 639,600 27,305.500 Inc
2,665.900 20,261,600 20,005.100 comparatively seldom of late years that the stock market has been
Circulation...,
26,889,600
32.600
26,922.2u0 Inc..
27,523,500
27.714,*Oo in any other condition, and under the present circumstances of
Net deposits.. 234,401.500 236,236,700 Inc..
1,835,200 202,810,100 217.267,500 business a market
supported by outside purchasers is hardly to
Legal tenders.
55.833.000
55,798.000 Dec.
35,000
41,944,3U0
47,305.60o
be looked for. Railroad earnings for the latest period reported
,
.
United
quite
a
States
Bonds.—Government securities have shown
moderate business during most of the week, but with
the greater firmness in gold to-day, they became more active
The principal purchasers have bought for home accouut, but
there have al*o been
some
transactions
the part
on
of foreign
bankers of considerable amounts, chiefly for London account.
Closing prices daily have been
as
follows:
May
Int.
period.
May
May
9
11.
12.
May
13.
115* *115
May
14.
*115
May
15.
5a, funded, 1881, ..coup. ...Quarterly. *115% *115*
*115*
6s, 1881
reg. Jan. & July. *11924; *119* 119* *119* *119* *119*
120
68,1881
121* *121* 121* 121*
....coup. .Jan. & July. 12154:
6s, 5 20’s, 1862
*115
coup. .May & Nov. *115^ *115* *115* 115
115*
*
117
*117
68, 5-20’8, 1864
*116% *116* *116% *117
coup. .May & Nov.
*113
6s, 5-20’8, 1865
*117* *117* *117*^*117*
coup. .May & Nov. *118
6s. 5-20’s,1865 new,coup. Jan. & July. *119% 119* 119* 119* *119* 119*
6s, 5-20’s, 1867.... coup. Jan. & July. 120* 120* 120* 120* 120* 120*
6s, 5-20’s, 1868
120* 120* *120* *120*
coup. .Jan. & July. 120* *120*
5s, 10 40's...*
reg. Mar. & Sept. *114% -*114* *114* *114* *114* *115*
58, 10-40’s
114% 115* 114* *114* 115
coup. .Mar. & Sept. *115
,
6s Currency
*
will be found below.
reg. .Jan. <fc July. *116%
This is the price bid, no salt was aiade at
The range in
of bonds
116* *116*
no*
116*
the Bourd.
prices since Jan. 1 and th& amount of each cl&Bfe
were ad follows?
outstanding May 1 1874,
*116*
The
daily highest and lowest prices have been as follows:
Saturday,
May 9.
N.Y.Cen.&H.R.
Harlem
Erie
Lake Shore....
Wabash
Northwest
do
pref.
Rock Island...
St. Paul
uo
nref....
At.& Pac.,pref.
Ohio &
98
129
98*
129
36* 36%
75*
39*
42*
61*
9"%
33%
55
14
24
Bost., H.& E..
1%
76%
40*
43%
Monday,
May 11.
98* 98*
128* 123%
85" 36%
76% 77%
39% 40 %
43% 44%
62
63
97*
34*
97*
55
55
63
93%
34* 85*
55
14
14
34
21%
1%
24%
1%
Central o: N.J. •105* 106
*105* 106
Del.,L. & West 107* 107* 107% 108
28
27
Han. & St. Jos.
26% 2 *
Union Pacific..
29* 30%
30* 30%
Col.Ciiic.& l.C.
20% 20*
19% 20*
103
r*
Panama
108* 108*
7’ % 72%
West, Un. Tel.
71% 72%
29
*23
29
Quicksilver.... *24
34
*28
do
pref.
Pacific Mail....
44% 45*
44% 15%
IfO
100. 100
Adams Exp.... 100
'
American Ex..
*h2% 63*
united States..
*67
Wells, Fargo..
v
Tuesday. Wednesday , Thursday
May 14.
May 13.
May 12.
9.% 98
97* 9S
97% 97*
128
*127
*127* 129* *
127% 128
35% 35*
35% 35%
35% 85%
76
74% 75*
75* 76*
7*%
86% 3:%
38% 39*
37% 39
42
41% 42%
42*
42% 42%
6l
60* to*
60* 60*
6*
97*
96% 9?
96%
96% 97%
83% 33%
33% 34%
83* 34%
53
53
53
52% 58
53*
63
•75* 76*
This is the price bid and
»
63*
67% 67*
*75
80
asked:
22%
14
24
....
22%
*1%
1*
105* 105*
107% 107%
27
28
28% 29%
19% 20%
106* 107*
70%
*24
71*
29
35
..
23%
•28
19%
29*
19*
106
106
70% 71*
.
.
63*
67%
*75
80
*75* 76*
no sale
....
75* 76%
87% 8*%
42* 43*
60%
62
97
97%
33% 34%
....
•
•
•
•
....
.
23
23%
24
....
*99
*62
*67
43% 44*
22*
128
123
3 % 33
1*
•1%
*1%
•1%
105% •>105
105*
105% 105% *105
107% 107% 107% K'7* 107* 107%
25
2h%
26* 26*
27% 27*
35% i^%
43% 44%
*99% 102
*6 * 62*
*67% 67%
*
.
....
Friday
May 15.
97* 97%
,
26% 27%
19* 20
105
105*
69% 70*
*21
80
42*
27
30
43%
100% 100*
*6i% 63
•67
67*
*74
75*
made at the Board.
26% 2«%
19
19*
106
106
7 % 71%
23
25
....
....
42% 43%
101% 101%
61* 61*
*
68
75
<?
THE CHRONICLE
498
The entire range
from Jan. 1,1873, to this date was as follows :
-Jan. 1,
Lowest
Lowest.
Highest.
106% Feb. 4
77% Nov.
90
Sept. 19 140 Apr. 1
Central of New Jersey. 98
Jan.
3
Del., Lack. & Western
Jan.
2
99
25
Hannibal & St. Jo
Union Pacific
26%
18%
Col., Chic. <& I. C
Panama
101
Western Union Tel.... 68
22%
Quicksilver
do
pref:
Pacific Mail.
Adams Express
American Express
United States Express.
30
,
37%
92%
58%
66%
69%
Wells, Fargo & Co
The latest railroad
75% Jan.
Feb.
Feb.
85
94
Nov.
117% Mch.
62% Apr.
80% Oct.
21% Nov.
43% Nov.
79%
38%
Jan.
49%
1
Nov. 12 10%
3% Jan,
Nov. 10 106%
109% Feb. .10 85
112% Feb. 10 79% Nov. 1 106
Jan.
Jan.
Jan. 21
Feb.
June
Nov. 15
21% Oct. 14
10
earnings reported are as follows:
Roads.
1874.
Bur.,C. Rap.& Minn. Month of Apr.
Month
of
Apr.
Chic., Danv. & Yin. Month of Apr.
Chic., Mil. & St. P.. 1st week of May.
Chic. & Northwest. 1st week of May.
Cleve., Col. Cin. & I. Month of Apr.
Illinois Central
Month of Apr.
Indianap., 131. & W.. Month of Apr..
Month of Apr.
Kansas Pacific
Michigan Central.. 1st week of May.
Mo., Kansas & Tex.. Month of Apr.
Mobile & Ohio
Month of Apr.
Ohio & Mississippi.. Month of Apr.
St. L., Alton & T. II. 1 st week of May.
do
branches. Month of Apr.
fet. Louis & Iron Mt. Month of Apr.
St. L., Kans. C. & N. 1st week of May.
St. L. & Southeast.. Month of
Apr.
Toledo, P.&Warsaw 1st week of May.
Tol., Wab. & West. 1st week of May.
Month
Jan.l to latest date.
1873.
1874.
earnings reported.-
Mch.
of
Month of
Apr.
1873.
$99,786
84.692
$94,261 $1,678,503
77,387
362,224
1,132,000 1,129,463 3,667,026
195,935
.
45,628
39,132
200,600
134,103 2,830,845
237,753
221,659 4,248,976
342,248
405,905 1,314,543
580,921
553,912 2,266,480
582,647
150,036
121,045
292,143
352.298
886,695
140,003 2,632,411
142,186
214,000
258,871
954,980
134,954
227,276
817,197
299,805
338,708 1,102.096
406,944
19,236
25,731
161,977
48,452
41,254
636,111
207,627
160,901
43,232
52,014
796,072
93,997
103,333
413,315
395,221
29,064
23,485
90,725
101,330 1,719,183
687,026
708,257 1,915,732
313,571
79,117
70,975
$1,684,829
304,930
3,650,530
185,527
2,022,079
3,740,657
1,609,177
2,414,341
427,383
998,358
2,523,767
940,622
1.065,879
1,252,668
489.454
195,037
729,964
923,997
402,762
378,764
1,794,558
1,724 015
226,598
Lapsley & Bazley, Brokers, 74 Broadway and 9 New street
quote stock privileges, $109 for 100 shares, 30 days ; $150 to $200, 60„dav8 (on
Members New York stock Exchange or responsible parties), at the following dis
tance from the market.
Puts
below.
May 15, 1874.
Gold for % bonus..
W. Union Tel
Pacific Mail
N. Y. C. & Hud...
Harlem
Erie
Lake Shore
Northwestern......
The Gold
Rock Island
Mil. & St. Paul.
Y
2
3
@3%
@i
1%@2
2%@4%
1%@2%
3
4
Y@2
@5
«i6
2%@4
2 @3%
3%@5
lfc@3
1*@234
2
Puts
below.
Calls
above.
@3
l
Calls
above.
%@2%
2%@4%
2%@4
2*@3%
J%@2%
1>2@2%
..
Wabash
1\@3
Ohio & Mississippi.
;Y@l%
Union Pacific
1%@2%
Han. & St. Joseph. 1 Y@2>i
C., C. & I. C
'
a
@3
2%@3%
2% ©4
1%@3
Market.—Gold lias been dull at
2
lower range of
On Wednesday the market fell off to lllf, but lias since
stronger, and closes to-day at 112$ after selling at
112$. The firmness of to-day seems to have been based on tlie
higher rates of exchange and tlie engagements of $950,000 gold
coin for shipment to-morrow, not including $290,000 of gold bars
shipped in transit from California. Tlie passage of another cur¬
rency hill in tlie Senate yesterday has also had a certain effect in
stiffening the price of gold. On gold loans the rates to-day were
3, 2$ and 2 per cent to fiat for carrying. At the Treasury sale of
$1,000,000 on Thursday the total bids amounted to $5,465,000.
Customs receipts of the week have been $2,351,000.
The following table will show the course of the gold premiums
each day of the past week :
prices.
been ratlier
-Quotations.Open- Low- High- Clos¬
ing.
Saturday,
May 9.... 112%
Monday,
“ 11 ...112%
Tuesday,
“ 12....112%
Wednesday, “ 13. ...112%
Thursday,
“ 14.... 112%
Friday,
- “ 15 ...112%
est.
est.
ing.
112%
112%
112
111%
112
112
112%
112%
112%
112%
112%
112%
112%
112%
112%
112%
112%
112%
Current week
112% 111% 112% 112%
Previous week
113
113
112
112%
Jan. 1,1874. to date... 110% 110% 114% 112%
The following are the quotations
-
Total
Balances.—
,
Gold. Currency.
Clearings.
$36,605,000 $1,108,800 $1,259,416
23,223,000 1,071,252 1,213,303
17,797,000
917,539 1,034,390
37,104,000 1,576.382 1,781,363
48.499,000 2,596,307 2,910,781
31,295,000 1,310,943 1,483,889
1,336,809
in gold for fcieignand AmerL
German X thalers
Prussian X thalers.
German Kronen
X guilders
Span.sh doubloons
$4 85 @ $4 90
3 1-3 @3 88
7 85
8 00
6 50
3 90
16 00
@
@
©
8 00
8 15
6 70
@ 4 20
@ 16 50
Patriot doubloons.
15 50 @ 15 70
American sliver (new).. — 94 @ — 96
silver bars
Fine
128%© 129
Foreign Exchange.—The
throughout.
On Tuesday the
and continued at the lower
Fine gold bars
Dimes and halt dimes..
Five francs
Francs
English silver
Prussian thalers..
par®%
-94 @
- 93
@
- - 18%@
4 80 @
—70 @
Mexican dollars
—
99
@
@
Spanish dollars
—
93
©
Specie thalers
1 04
—
—
96
95
19%
4 85
—
72
1 06
1 01
1 00
—
market has continued very quiet
rates of prime dra wers dropped off
figure until this morning, when
they were again advanced to former prices, viz., 4*88$ and 4‘91
for long and short sterling respectively.
All the leading drawers
have been sellers to a moderate extent, and the Bank of Com¬
merce also disposed of a few of the railroad loan bills referred to
last week, hut the whole volume of business has not been large.
Negotiations for the placing of several other lotus are reported to
he pending in London, which may be heard from in a short time.
The quotations for foreign exchange are now as follows, and
actual business is done pretty close to these rates:
3
4.88 @4.88%
4.85, @4.66%
5.!3%@5.15
5 15 @5 15%
5 15 @5 15%
41%@ 41%
96 @ 96%
41%@ 41%
Amsterdam
Frankfort
Bremen
Prussian thalers
96
72
@
@
@,
...
5.10
@5
jiv
j 11%@5
5 "mi®
ii%
41%@ 41%
.
Hamburg
days,
4-91%@....
4.91
@4.91%
...
Antwerp
SwiTs
96%S
41%£5
96%
72%
97
4IV
97*
72%@ 72%
The transactions for the week at the Custom House and
Sub.
Treasury have been
as
follows:
Custom
House
“
“
“
Gold.
15
Total
559.885 09
270,000
'423,000
303,000
14
$717,683 86
638,200 30
479,000
11
12
13
Payments.Currency
Gold.
Currency.
488,000
May 9
“
“
-Sub-Treasury.-
Receipt*.-
Receipts.
$388,000
523.670 25
$225,328 45
449,733 73
486,101 63
462,676 56
317,587 27
371,844 48
1,349,829 92
399,757 69
$275,785 57
678,021 13
434,277 42
$322,636 11
477,633 57
1,240.648 15
284,812 87
1,324,359 17
272.410 94
354,506 10
220,730 58
358,416 64
$2,351,000
Balance. May 8....
Balance. May 15....
$54,511,054 74 $40,088,835 81
$53,484,192 10 $41,373,759143
_
New York City Banks.—The
following statement shows
the condition of the Associated Banks of New York City for tho
week ending at the commencement of business on May 9,1874:
AVEBAGE AMOUNT
r—
Loans and
OF
Legal
Banks.
New York
Manhattan Co
Net
Circula¬
Tenders. Deposits.
Capital. Discounts. Specie.
$3,U00,(XiG $10,726,600 $2,617,800
2,050,006
5,556,000
Merchants’
3,000,000
9,619,r-00
Mechanics’
2,000,000
6,.28,600
Union
1,500.000
4,972,5(0
1,037.100
574.800
3.857.800
America
3,000,000
8,911,300 1.675.200
2.695.200
8.351.600
Phoenix
1,800,000
846.900
489.500
4.602.700
3.813.900
6,235,81*0
1,889,100
1,000,000
City
796,000
4,434,000
Tradesmen’s
148,51*0
1,000.000
3.315.300
545,400
1.914.600
Fultou... *.
600,000
1,929,090
242.300
879.100
1.530.100
Chemical
300,000
7.983.500
455,600
1,854,300
6.930.100
Merchants’ Exch’ge.
444.800
3,355, f 00
4.6.700
2.928.800
1,235,000
4.026,200
743.300
6F6,3J!0
Gallatin, National..
1,500,000
2.896.300
Butchers’&Drovers’
800,000
49,200
2,617,000
474.600
1.903.600
Mechanics&Traders
353.300
600,000
2,0(6,700
18.500
1.274.800
Greenwich
8 i 8,300
128.500
1,0(9,700
200,000
Leather Manuf
600,000
503.300
8,253, !(*0
332.300
2.814.700
Seventh Ward
63.500
500,000
1.185.300
811,200
967,400
State of N. York..
5,075,000
2,000,000
600,203
1,418,000
4.191.100
American Exch’ge.
1,051.700
11,833.400
5,000,000
1.570,(00
7.827.600
Commerce....'.
10,000,000
955.200
19.476.700
4,093,100
8.635.200
860,500
5,650,000
1,000,000
3.670.100
862.500
Broadway
2 923,2'0
Mercantile....
114,000
3,651,900
1,000,000
743.300
Pacific
5(8.500
2.193.700
25,000
422,700
1.970.100
5,027,700
1,091,400
205,800- 3.196.100
2,000,000
Republic.....
Chatham
217.300
450,000
2,457,56*0
511.600
2.501.100
J ,265,800
181.100
6,600
412,500
1.533.800
People’s
North America
221,400
!.773,300
133,000
1.000,000
2.355.800
110.300
Hanover
1.000,01*0
4,585.86)0
957.600
4.218.900
11.000
543,000
5(0,000
2,562,0(0
2,413,000
Irving
1,580,000' 1,232,000
8,54‘‘,(X)0
13,375.000
Metropolitan
4,000,600
tion.
$871,700
9,700
873.000
502,200
437.500
1,200
511.500
764,906
414.900
,
1,000,000
1,000,000
1,000,000
Continental
Oriental..
2,000,oco
300,000
2,526,000
3,173.(00
2.572.300
4,(77,300
3,003,400
3,081,5)0
1.502.600
2.402.800
13,434 200
16.336.600
1.2:5,400
843,100
1.114.600
1,000,0(0
400,000
Marine
1,500,000
2,000,000
500,000
Importers’* Trad’rs
Park
Mech. Bank’gAsso.
Grocers’
North River
East River
Manufact’rs’ & Mer.
Fourth National....
300.000
400,000
350,000
500,000
5,000,000
2,000,000
300,000
1,500,1 GC
50C,( 03
1,000,000
500,000
1,000,0(0
250,0(0
200,000
2,000,000
1,000,000
Central National...
Second National....
Ninth National
First National
Third National
....
N.Y.National Exch..
Tenth National
Bowery National...
New York Co. Nat.
American.
German
Dry Goods
172.300
54 4.600
72.3)0
341.100
6,000
148.100
406.200
1.815.200
47,000
9,500
15.300
22,100
918.800
969,600
362,0(0
805.690
439,890
720,800 '
423,000
206,(00
135.100
581.700
4.513.600
3.659,100
324.500
125.500
2(1.000
885.800
3,127,400
883,500
477,9(0
851*900
129.900
5,500
286/03
165.900
1,159,000
1,271.000
2.422.300
2,041,400
1,307,000
130,8(10
3.900
370,100
736,600
734,2*0
2,772.5(10
1,696,400
4.900
583,109
1.844.200
1.117.700
2,349,500
4,100
360.000
17.527.200
4s2,700
18,016,200
1.102.800
889.300
S06,2lX)
682,900
971.800
260,900
G46.200
196.100
1,0:0*
4,062,700
1,455,400
1,641,000
33,000
16.955.500
20.203.700
6,470,000
1,86',000
7,353.990
5,636.290
6,666,200
1.373.800
1,755.090
1,2 (4,CU0
1,233,900
1.222.500
4,60:,500
2,146,100
46^,400
19,70U
314*866
994.800
21,690
96.300
3,0,0
25.000
193,000
750,100
2,807*,5t6
472,000
1.908.200
389.500
5,012.000
1,635,0(0
7.383.600
6,t 92,900
1,353,609
6.989.700
262.100
280.600
291,0(0
960.800
616,500
948,(XU
2*5,410
283,600
1.159.600
1,018.900
4.415.900
1.699.500
175.800
316.300
1,398,0(0
250,000
601,(100
3(4,700
792.800
877,600
225.000
$32,370,200 $286,503,600 $27,303,500 $55,798,000 $236,236,700 $26,922,200
Total...
The deviations from the
follows:
returns
Dec.
$70,700
Inc.
Loans
Specie.
LegalTenders
2,665,900
.
The
28.500
60,400
228,000
94.900
49,490
1.374.500
406,000
1,000 ,(*00
Citizens
Nassau
Market
St. Nicholas
Shoe and Leather..
Corn Exchange
804 4JQ
483.200
252.800
195,700
2,700
2r6,500
.
following
1,514,239
can coin:
Sovereigns
Napoleons
prime bankers’sterling
are
Loans.
Feb. 21... 283,230,600
Feb. 23... 282.553.700
Mch. 7...
286,787,200
Mch. 14
285,117,100
Mch. 21... 285,866.2’*0
Mch. 28... 286.177.500
..
April 4... 291.113.700
April 11.. 293.666.300
April 18.. 293.464.700
April 25.. 238.423.500
286.574.300
May 2
286,593,000
May 9
of
previous week are as
Net Deposits
Circulation
....
Inc.
Inc.
$1,835,200
3*,600
35,000
Dec.
the totals for a series of weeks past:
$194,523,000 $1,310,943 $1,483,889
203,848,000
days.
4.88%@
London good bankers’ do
London prime com. ster do
Paris (bankers)
June
_
Atlantic & Qt. West. 1st week of May.
Union Pacific.
West Wisconsin
53
4
May 14 34% Jan. 12 15 Nov. 7 52% Feb.
May 14 •38% Mch. 30 14% Nov. 1 39% Jan.
May 4 32% Mch. 3C 16% Nov. 5 43% Feb. 11
Apr. 20 118 Jan. 9 77% Nov. 6 130 Jan.
Apr. 24 82% Mch. 25 43% Nov. 1 94% Feb.
Apr. 28 35% Feb. 5 18 Sept. 30 46% Jan.
Feb.
May 14 40% Feb. 9 25 Nov. 6 57
Apr. 21 49% Mch. 27 25 Oct- 15 76% Feb.
Jan. 13 101% May 15 76
Nov. 3 100% May 15
2 65
Jan.
Feb. '9
H
Nov. 1 70% Jan.
Apr. 27 73 Feb. 9 44% Oct. 15 82 Jan.
Feb. 11 56
Jan.
5 78
Sept. 30 86 Jan. 29
-Latest
Central Pacific
57% Nov.
32% Oct.
31% Oct.
36
Mississippi.... 22% May
69% Feb.
97% Feb.
35% Nov.
May 15.
60
London
•Whole'year 1873.
1874, to date.
Highest
N. Y. Cen. & Hud. R... 96% Apr. 17 105% Mch. 11
Harlem
134% Feb. 38
118% Jan.
Erie
34
Apr. 22 51% Jan. 15
Lake Shore
73% Apr. 20 84% Jan. 16
Wabash
55% Jan. 16
36% May
Northwest
62% Jan.
41% May
do
78% Feb.
pref.:
59 May
Rock Island
109% Feb.
95% May
St. Paul
49% Jan.
31% May
do
pref
4S May
74% Feb.
...
22
Atlantic & Pacific pref. 12% Jan.
Feb.
Ohio &
tMay 16, 1874.
26.488.300
28,074,100
27.914.300
Legal
Tenders.
60.150.600
61.915.000
61.655.100
61.652.600
26,696,090
60,184,400
25.439.300
60.585.100
56.983.100
Specie.
23,363,000
24,014,600
23.635.400
23.2l3.6d0
21.336.400
24,639,600
27,305,500
55,5:3,800
55,1)3,900
54.739.600
55,-33,000
55,798,000
Deposits.
239.767.300
239.864.300
Circu¬
lation.
Clearings.
26.771.300
26.775.100
26.907.800
243.233.500
240.991.100
21.720,9(0
488,958.389
33 (.261,105
475.940,199
421,249,894
26.717.300
410,207,171
239,730,200
237.491.100
238.691.700
238,538.900
234,486,7(0
234.401.500
236.236.700
26.726.100
26.804.600
26.797.800
427,751,638
244.199.300
26.840.800
26.901.600
26,689,64-0
26,922,2(0
444,832,104
431,832,108
519.297.890
527,357,814
4:41.427,113
478,458,93 4
Boston Banks.—Below we give a statement of the Bosto»
National Banks, as returned to the Clearing House on Monday
May 11, 1874:
fiBanks.
Atlantic
Atlas
Blackstonc....
Boston
Boylston.
Broadway
Columbian
Continental
,
Capital.
$750,000
1,500,000
1,500,000
1,000.000
600,000
200,000
1,000,000
1,000,000
Eliot
Everett
1,000,000
Faneuil Hall
Freeman’s
Globe
Hamilton
1,000,000
800,000
Howard
200,000
1,000,000
750,000
1,000,000
-
.
Snecle. L.T. Notes. Deposits. Circn%
Loans
$431,86,.
$1,6(0,200
$15,0(0
$128,3(0
$553,000
786,till
2,874.600
106,800
114,600
1,02 ,200
771,60°
3.981,400
15,700
879 500
2.012.600
570.3(0
2.103,800
1 6(0
8(0,700
199.S00
483,000
26,010
1.684.600
60,000
719.500
174.600
529,200
407.81*0
77.000
791.900
29.0.0
735.900
2,417.900
223,600
562.900
1,912 2(0
10.000
171,100
776.500
792.900
112.400
2.536.100
127,800
877.600
116,300
425,9(0
636.600
2.800
50,7(0
511.500
42,900
1,197,410
2.637.400
211,000
852,000
114,300
512,600
1,648,9(0
2,100
....
2,153,4(0
1,637.200
2,349,1UU
....
89,000
56,500
275,000
28 400
155,000
747,100
791,800
757,490
353.103
241.80 J
445,703
May 16.
2.240.800
3.029.300
77,900
28.600
377.400
30,000
67,1X30
115,000
164.400
18.800
39 700'
2,000.000
1,500,000
3.829.500
3.259.400
86.700
2,000.000
3:369.800
1.610.300
Massachusetts
Maverick
8,000,000
Mount Vernon
1,000,000
Merchants,
North..
Boston
Saawmat
Saoe & Leather.....
Suffolk
Xreuiont
750.000
Washington
2,000,000
1,000,000
1,000,000
1,500,000
1,000,000
1,000,000
1,000,000
1,500,000
Commerce
N. America
Bank of
Bank of
of Redemption.
Bank of Republic...
B’k
City
Eagle
Exchange....
Hide & Leather
Union
Webster
Central..
Manufacturers
The
The
following are the totals for a
737.000
798,' 00
743.100
2.071.200
33S,M>0
412 900
787.300
791,410
741,000
937.500
2.650.500
768.100
947.100
175 500
537.600
432.300
300,000
550,' 00
120,000
1,073,1U0
2.546.500
♦
56.900
646.900
554.400
100
LegalTender.
10,625,80 0
2.459.700
Loans.
5....
12*.
19.”
4,401,600
4.213.300
4.5U0.500
4.244.300
8.963.800
8,647,100
3.4M, GOO
3,509.900
3,039,400
8.162.800
2,775 500
8,1;S,600
125,019.400
26
24.
125.276,500
126.893.400
126,921,600
March* 9
12 7,00,*),900
2
i*
Mar'h2
l&JMS
12<,42n,O0O
WS&XR
127.S9-*.<0J
March 18
March 23
March 30
Anrll 6
10/85,100
10.670.400
10,760,410
1',131,200
10,561,100
9,811,10.)
9.755,200
10,4 7/00
10,5:5,200
10.193.600
874,600
3,016,900
2,844,800
2,826,3'0
126,567.900
125,475,500
Abr 27
May 4,.:
May 11
10.654.600
1U,9('4.000
2
127,400.600
13
Abril 2"
Apr
10,909,700
46.3(4,300
49,033,600
48,217,' 00
49,184,100
43,342,90 0
50.618.600
53.779.500
53,723,300
52,800,700
53,187.400
25,311.4(0
25,791,610
25,815.6' 0
53.274.500
25.491,2> 0
25.772.900
2i.693.500
25.641.900
25.539.60o
25,564,700
25.56:.tOO
25.525.90u
25.448.40j
25.418,800
52,8*3, «H)0
53,031.500
25,490,300
25,524,000
54,156, 00
52/ 58.000
53,42 «,101
25,502,60o
25,5fi6,90u
the week ending
Philadelphia National Banks for
Monday, May 11,
1874
:
Total net
$90,000
4.6!".000
6/ 60 800
2.352,000
2/24L000
$1,0£3,000
I ,’96,000
25.200
6,000
2.183,400
3/ 34,000
6,016.400
733,000
492,000
1,698.000
1.491,000
1,000,000
620,900
480,000
624,000
656,000
229,000
803.700
610,192
332,500
2,262,000
1,339.0(0
430,000
214, (XX)
646 9 n
220 626
852.065
178.195
2,360,5.10
752.495
12,000
500,000
•
1.052,000
450,000
210,164
317(89
533
1,507,293
826,531
2,178,000
154,316
3,050,000
12.933
4.000
992,898
536,000
526,000
974.000
4.426.000
410 000
19,000
2,000
1,582,000
4,0:6.0010
500,000
1,000,000
300,000
150,000
250,(00
275,000
259.220
11,000
1,182,088
400,000
Third
Sixth
Seventh.
Eighth
Central
Bankof Republic..
2i2
3,722,000
1,435.000
800,000
Corn
98,780
2,009.009
800,000
Consolidation
City
Commonwealth....
1,000
1,172.060
500,000
400.000
Manufacturers’.... 1,000.000
Bank ol Commerce
250,000
Girard
1,000,000
Tradesmen’s
200,000
Fi st
3,000
1/15,353
Western
Union....
45,000
2,674,000
1,327.000
250,000
Exchange....
Deposits/
$3,902,000 $1.000,0JO
Snecle.
250,000
8outhwark
Kensington
Penn .7 .7.
L. Tender
Loans.
$5,600,000!
Capital.
Bantcs.
Philadelphia
$i,500,000
North America
1,000,000
Farmers and Mech. 2,000,000
Commercial
810,000
Mechanics’
800,000
Bink N. Liberties.
500,000
1,583,000
3*7.(K)0
110,000
3 4'!, 000
277,000
3.000
.
800.000
214 250
2,240/33
1,361,158
619,139
3.172,000
1.1(8,000
759,930
926,544
521,066
2,429,( 00
1,353,000
8,318.000
913,929
529,1-5
213,895
591,000
162 000
300,000
351,324
i 1(1,4 40
450.01 0
313,00 J
792,000
258.923
475.000
297.000
763.000
135,(00
217,634
239,(KO
36,000
1,365.000
4/H),0(0
59 1.000
2,014,000
626,000
2,400
462,000
103,000
952 000
80V ,000
800.009
$53,946,082
$372,163
$16,697,531
$48,103,971
750,000
1,900,000
250,000
Security
....
The deviations from the returns
of previous week are as
Joans
Legal Tender Notes.,
Ihc..
The
following
are
‘Loans.
Date.
Dec. 2)
Jai. 5.
....
Jaa. 12...
Jan.19
Jan. 25
57,7:2,523
1,171/96
1.399,219
1,141 ,"02
<v
1,129,756
57 659.730
....
15.82),746
16.291.226
16,9.78,299
17.530,251
57.613.773
5S.<'37.506
53.n03,31l
57.021.113
58.533/17
54,S7').932
5),135,604
..
....
...
...
1/69,097
9>i,044
1,293,626
551 /35
524,613
545,201
791.4195
736.417
774.170
743/03
664,530
617,500
..
April 6
April 13
April 21
April 27
May 4.,
May 11
15,351,571
1.002.1 "9
Feb.2
Feb. 9.
Feb. 16
Feb.23
March 2./,
March 9
March !6
March 2 5
March 30
.
57.90 L851
6
....
63.229,606
60,001/77
338,783
377.9:9
59.193 253
372,463
17.193.0-9
17,427,908
17.112.121
17,*.72,230
17.414.133
16,576,640
17.224,186
17,139.983
15,7*2-;,478
17,8!).) ,219
16,164,714
15.955,097
16,131,746
16,697,581
WASHINGTON, D.
Deposit^
46.403.280
43,373,204
11.490/30
11,491 552
11,454,737
11,460.739
47,596.33d
47,960.947
47,761,661
45,6l8,Uii2
47.831,7' (6
47 /35.350
47,012 724
47.131,169
47.441,795
47.515/35
47.764,121
47,841.126
47.411/34
4J, 101,337
48,667/78
47,728,310
11,457.710
11,450.353
11,443,1-8
11/69,165
11.4.-5.996
11,449,502
11,455,393
11,475,342
11,430,1*18
11,498,281
11,522,125
11.4 9,846
11,509,989
11,522,107
48.257.660
11,501,030
48,103,971
11,514.947
C.—PRICES.
Did.
iB,d. Ask,
}J[adi. Co. S. bond8,78, 1574
Chicago
RelL f bi nos, is, lb77.
Ferm Imp.,6s, g, 1891
Market <Uock bonds, 7s. 1592..
Water Stock bonds 7s, 1901....
do
do
1903....
Water stock 6s,lR6i
do
5871
5 year Cers.,7
s-io, 1875
Ten year Bonds. 6s, 18i8
■Fund. Loan (Con,/ ) 6, g, 1892..
_
do
(Lee), 6s. g, 19 >2..
Cero.of Stock 21828) 5s, at pleas
no
(1843) 6s
do
_
! 9’1100
•
13,917
series of weeks past Circulation
LegalTender,
14,919,731
Specie.
hi3 4,649
..
follows
555,835
the totals for a
96
69
70%
70%
70%
9)
b5
9<>%
77
95
94
*
-
•
-
73%
•
•
•
•
•
•
•
....
d.,,,
„
„.
^
82%
70
■76
do
do
do
1875....
1376
1377....
...
82 y,
73*
1876./....
1977
1878
Series.
1
Certificates, Sewer, 8s, 1874.. .
do
77%
do
5s, Gold
Boston 6s, Currency
do
Ss.gold
9»X
98 X
Portland 6s
Burlington & Mo. L. G. 7s
77.X
73
73
73
76 X
85
50
50
50
1878.... 57%
Series. 55
77%
Water Ceri ifleates, 8s, 1977...
76
76
76
M)
70
fit
60
59
58
65
81
do
reg...
do
do
6s. g., 1911.. 106*
Phil.* Read. C.*I.Co.deb.7s’92
Phll..WliUi.* Dal.,6s, ’84....
Pitie., Cin. A St. Louis 7s
Sunbury A Erie 1st m. 7s. ’77.
94 * Sunbury & Lewiston 7s/90...
Warren & F. 1st m. <s,’96
23
West Che8tercons. 7s, ’91
West Jersey 6s, ’83
do
l8tm.6s,’96
do
do
78,’97
Western Penn. 6s, *93
99*
Cheshire,6s
Eastern Mass., 7s
Hartford & Erie, 1st M (new)7.
22"
92
Ogdensburg A Lake Ch. 8s
Old Col. A Newport Bds, 7, ’77. 104%
Rutland, new 7s
Stansted A Chambly 7s
Verm’t Cen., 1st M., cons., 7, ’86 20**
do
2d Mort., 7,1891
Vermont A Can., new, 8
Vermont A Mass., 1st M. 6, *83.
Boston A Albany stock
Boston A Lowell stock
Boston & Maine
Boston & Providence
Cheshire preferred
*
Chic., Bur. A Quincy
Cin., Sandusky A
Clev. stock.
Concord
Connecticut River
Connecticut A Passumpslc, pf.
Eastern (Mass )
(New Hampshire)....
Eastern
...
Manchester A Lawrence
Northern otNew Hampshire..
Norwich A W orcester
Ogdens. A L.
do
Old Colony
.
*
1C8
117%
Port., Saco A Portsmouth
Rutland common
do
do
do
46
86
.09
45
i
*6"
30
43
82
do
preferred
Vermont A Canada
Vermont A Massachusetts
•
Ex dividend
32*
45
fc3
do
6a,’67,5-10,1st...
do
do
do
do
10-15,2d...
15-25. 3d,,.
Philadelphia 6s, cld
1G0
lvti
110
1U2
H'4%
6s, new
do
County,5s, coup...
Alleghany City 4s
Alleghany
lb2X
.05
76
bl)
Pittsburg 4 3
5b
do
63
New Jersey State 6s, Exempts
Delaware State 6s
BAILBOAD STOCKS.
Camden A Atlantic
do
pref....,
do
do
Catawissa
do
Elmira A
102%
40
12
pref
Williamsport
pref..
Elmira* Williamsport
Pennsylvania
Harrisb’g, Lancaster * C
Huntington & Broad Top. ..
do
do pref
Lehigh Valley
East
Little Schuylkill
Mlnehill
Nesquehoning Valley
Norristown
Northern Central
North P/nnsylvania
OUCre.ox A Allegheny
41
16
41
33%
37%
60%
46%
53%!
03%
52
34"
44
44%
6
3%
River. 49% 49%
PennB/<vania
16
Philadelphia & Erie.
Philadelphia A Reading
36*
18
57
56
56%
wilming.* Baltimore. 124% 125
Phlla.,
United N. J. Companies
WestCheBter
50
50
51
48
50
West Jersey
52
46
pref
do
52
CANAL STOCKS.
Chesapeake & Delaware
Delaware Division
Morris
do pref
12%
12%
Susquehanna
Union
do
*
pref
BAILBOAD BOND8.
Alleghany Valley 7 3-10s, 1896..
Belvidere Delaware,1st ni ,6,*77
do
do
2d M.,’35
do
do
3d M.,’87
Camden A Amboy, 6s, ’75
do
6 s,’83...,./
do
do
do
6s,’89
do
do mort. 6s, ’89...
90
92
82
83%
84
93%
91
87%
97%
CINCINNATI#
Cincinnati 5s
do
fis
do
7s
East Penn. 1 Bt mort. 7s,
El. & W’mspoi t, 1st m,
do
do
ioi"
,
do
bonds, long.
Cin.,Ham.* D.,lst Al., 1, 80...
do
do
2d M.,7, *85...
do
do
3d M., 8,77...
Cin.. Ham.* Ind.7s guar
Cin. & Indiana, 1st M„7
do
do 2d M.,7,1877..
Colum., & Xenia, 1st M.,7, ’90
Dayton & Mich., 1st M., 7 81..
do
do
2d M.,7,’84..
•
Dayton & West., 1st M.,7,1905
do
do
1st M., 6,1905.
5s....
LOUISVILLE.
do
do
reg
7s, 1910
103
100
65
102% 103
104
Pennsylvania, 1st M., 6,1880...
do
-do
2d
M.,6, 1875...
gen. m.
1910
42
65
46
70
104%
99%
92*
6s,’97 to’98
Water 6s, ’87 to ’89..
Water Stock 6s, ’97.
Wharf 6s
special tax 6s of ’89
I.lstM.(I*M)7, ’81
do 2d M.,7,
do
do
do 1st M., <, 1906....
Louisv. C. * Lex., 1st M7, ’97..
Louis. * Fr’k., 1st M.,6, *iO-*78..
do
Louisv. Loan, 6.’81.
L. * Nash. IstM. (m.s.) i, T7..
do Lou. Loan (m.s/6, ’86-*8'
o
do
do
(Let). Hr.) 6,’86
do IstM. (Mem. Br)7, *70-’75
do lstM.(Leb.br.ex)7, ’80-*81
do Lon.L’n(Leb.br.ex)®,’9:
do Consol. 1st M..7,1898....
Jefferson., Mad. A Ind
Louisv., Cin.A Lex.,pref
Jeff., Mad
Little Schuylkll\.lstM.,7,1ri,?7. 100
Northern Central 2d m, 6s, ’85. 92% 93%
86%
do
do 3d m,6s, 1900 .. 85
59
con. m. g. 6s, 1900
do
99% 1(0
North Penn. 1st m, 6s, ’85
10U
do
2dm. 7s,’96
do
10s, chat. m.,*77 . 105% 106"
do
gen. mort. 7s, 190S
Oil Creek & Al. R., con. 7s, ’88.
Oil Creek 1st m. 7s, ’82..
Penn & N. Y. Canal 7s, ’96-1906
76"
77
75
76*
75*
102%
99*
93%
101
167*
70
90
HO
102
96
t5
97
1U0
88
93
c4
95
92
98
93
S2
77
94
95
99
84
37
94
75
75
86
81%
Louisville 6s, ’82 to ’87
do
do
do
Harrisburg 1st mort.6s,’83....
102
H. A B. T. 1st mort. 7s, ’90
do
2d mort. 7s, *75— 96
do
3d m. cons. 7s,’95. 62% 64
99
Ithaca A Athens g. 7s. ’9J
Junction lBt mort. 6s, ’S3 . ...
do
1900
2d
do
100% L01
Lehigh Vailey, 6s, 1898
do
do
69"
Tnd., Cin. & Laf., 1st M.,7
do
(I.&C ) 1st M.,7,1888 89
Little Miami, 1st M., 6,1883....
64
;in. Ham. & Dayton stock..».
98
lolumbus * Xenia stock
40
)ayton & Michigan stock....
do
8p c.st’kguai l"2%
98
Little Miami stock
do.
85
100
’88
7s, ’SO.
7-3(la
do
Cincinnati Southern RR. 7s...
Ham. Co Ohio bp. c. long ndb.
do
do
7 p.c.,1 to5yrs
do
do
lg bds,7 * ».80>
Cin. A Cov.Brldge s ock, oret
do
bonds, short
do
consol.,6s,’94...
103’ *
A Atlan. 1st m, 7s, g. 1903 95
new 7s, 1900
do
Connecting 6s 1900-1904
98
100
100
42%
Central Ohio
do
preferred
*8%
90
do
2dm, 7s.’80..
101
Catawissa, 1st M. conv., ’82....
do
chat. m. do
’88 ...
93
95
1884
do
2d M.,endorsed, 6/90.
Baltimore A Ohio stock
do
Cam.
97%
6s, imp.,’80...
do
3d M.,7,’88..
do
do To’do dep. bds,7, *81-’94
6%
pref
do
87
99*
6s, 190C
1890. Park 6s
Baltimore * Ohio 6s of ’75..... ICO
101
do.
do
68 of ’80... .
99%
do
6s of’.85.... 99*
do
Central Ohio, 1st M..6
16: k ioi*
Marietta & Cin., 1st M.,7,1891.
89%
do
do
2d M.,7.1896.
77% 78
do
do
3d M. 8s
Norfolk Water 8s
North. Cent. 2d M., S. F., 6, ’85. 92% 93%
do
do 3d M., 8. F.,6,190<
do
do 3d M. (Y. & 0)6/77
39%
do
do Cons, (gold) 6,19{K
85
89
Pitts. & Connellsv., 1st M.,7, ’98
do
1st M., 6,188'
do
West Md, IstM., endorsed, 6. ’90
do
1st M., unend.. 6, *90.
123
Pennsylvania
Schuylkill Navigation
94
91
6s,boat*car,1913
Parkersburg Branch
16
46
53
55
•38
93%
Wyoming Vailey 1st m. 6s, *78.
50
«'*
40
do
7s. 1902
Union 1st mort. 6s, ’83
do
do
do
101
108
76.%
do
87*
BALTIMORE.
Maryland 6s, Jan., A., J. & O.. 116
do
6s, Delence
100
Baltimore 6s of’75
PHILADELPHIA,
STATK AND CITY BONDS.
Pennsylvania 5s, coup
:oi%
7s,boat*car,1915
Susquehanna bs,’94
4
•«
•
102
CANAL BONDS.
Chesapeake A Dela. 6s, '82....
Delaware Division 6s, ’78
Lehigh Navigation 6s ’31
*147
do
Rfi, ’97...
is"
do
’77.
102%
102
do
conv., ’82
8*
do
conv., g/94.
do
gold, ’97
140*
137
Morris, 1st M., 6,1876
74
do
2d M., 1876..;
88% 69
do
boat, ’85
64
Pennsylvania 6s, 1910
126
Schuylkill Nav. 1st m. 6s, ’97..
2d m., 6s, 1907
do
do
m. 6s, c..’95..
pref,...
do
70*
■01
83
94
101
68. p.b.,’9*
do
do
66%
99%
Wilming. & Read.,1st M.,7,190M
do 2d Mort, 19U<
do
133% 134
06 % !06 A
hti 106*
Champlain
Isk
Pennsylva., gen.m., reg., 191C 92% V3%
Perkiomen 1st m.os,’97....... 92
88
p9%
Phlla. A Erie 1st m. 6s, ’81
8‘i %
do
2d m. 7s. ’88....
99%
m
Philadelphia A Reading 6s, ’»
do
do
7s, ’9:
80*
do deb. bonds,’91
do
g. m.7s,c. 1911 104%
9n
99
Chicago Sewerage 7s
do
Municipal 7s
do
79
18 5
do
do
do
do
do
do
93
eo
Ask
do
Cers., Gen. Imp. 3s, 1874
*
73
?9
101
109
100
Massachusetts 6s, Gold
do
Cbe8 & O Can stk (1847) 6s
Board of Public Works—
101*.
6s
Lehigh Navigation
Inc.
Dec.
3pecle
180,000
;
Dec. $148,689
Dec. $217,176 Deposits
5 45-i Circulation
Maine 6s
New Hampshire,
Vermont 6s
25,l6l),SOo
>,121/00
51.707.600
5
125,615,900
53.742.600
25,431,If 0
2,929,200
125.627,500
conPhlladelplila Banks.—The following is the average
dition of the
BOSTON.
Fitchburg.
Deposits. Circulation.
45.931,200
25,816.710
in.679,400
10,466.300
10,283,800
10.691,500
11,039,800
11.241.400
2.466,500
3.513.800
122.313,000
124,237.100
124,832.400
121,924.900
Decrease. $686,500
75,800
Decrease,
series of weeks past:
Specie.
12 .542.300
23
,
576 400
321,600
Decrease.
#}
Dec
1(12.9)15
Increase.
Date.
t)PC
vp
706.600
993.80U
816.800
581,700
Deposits
Circulation....
$li,6'J0
.Increase,
Loans.
jvl9Cie
Legal Tenders
ra"b
iph
17’. 900
2,439,600
554,300
“duetootherBanKs/’as per statement of May .1,1s $22,<23,600,
deviations from last week’s returns are as follows :
total amount
The
705.200
$2,929,250 $10,193,600 $52,712 600 $25 431
f49.350.000 $125,627,500
Total
5'1,600
2,01 ,900
1.183.900
113.700
3'/,666
920.200
172.700
707.9JO
704 900
373.000
91.300
3.315.500
984.200
719.300
1.238,<00
139.400
378.100
100.400
145.100
168.300
30i
40.3.10
36 300
2.485.600
2.5^7,600
500.000
500.000
500,000
Commonwealth
S66.200
31,200
97.300
906.000
200,000
1,000,000
1,500,000
Security
24.300
14,800
3.334.900
4.976.300
2,000,000
Revere.
jSf
2.875.500
1.818.500
1.957.600
4.917.900
833,000
923.400
919,600
519.500
417.600
865.500
109.000
429.200
256.400
6U5.600
215.700
180.8U0
181.500
193.700
5' ,900
148,800
499.500
989.400
1.376.700
150.810
500
343.400
590,900
1.379.000
485 400
37.300
738 500
773.200
Bid.
8XOTTB1TIXB.
Bid. Ask.
8XOTJBITIXS.
1,506.105
174,8 0
244.100
1OS.800
PHILADELPHIA, MLTliflOKE, &e.
QUOTATIONS IN BOSTON.
24!.80n
261.200
18.200
1.935.400
6.347.800
300,000
lb-2,300
810,700
259.700
1.246,9oU
5.056.300
416.400
870.800
1,682,200
1,100,300
96J.6J0
226.900
12,100
3.973.300
4.703.900
1,000.000
1,600 000
(Granite)..!
350.90n
905.800
55 V 00
4.839.700
324.400
49.200
231.300
170.400
21,500
40,400
5,900
372.400
«
600,000
Traders
Tan
Tan
1.991.600
900,000
1,000.000
1,000.000
State
Third
2.401.800
3.244.500
1,000,000
Old
Second
607.400
200,000.
England
flew
8.660.300
485.900
50.300
94.000
66.900
872.600
49.200
1.517.800
1,913,510
l, <>01 830
800,000
800,000
400,000
Market
4«9
THE CHRONICLE
1874 J
uu
do
do
common
So
c*2
a*
81
58%
74%
66
75
87
86
57
82
82
86
91
80
90
15*
10
40
75
91
102
l"4
99
90
100
1U2
92
94
87
36%
54
100
65
85
79
t6
96
91
56
89
96
t-0
78
87
91
66
100
41
104
100
82%
80%
64
92
32
82
69%
75
37
76
87
87
98
63
63
»'7
92
5l
10%
20
15
45
*
Louisville & Nashville
ST. LOUIS.
St Louis 6s, Long Bonds.,.... ’88% 89%
U0
101%
Ao
Water 6s gold
IV
do
do
do (new)
st
North Missouri. 1st M. 7s...
31%
At.* Pacific guar, lard grants
26" 26
<10
2d M
Pacific (of Mo,) lsf M. pld..,. 78% 79
7"
72
do
do
2d M. bds.
KansasPacific stof-K
2%
8%
55
1st M.eld 6s. J. & D..
do
66
do
do F.&A
do
36
37
Pacific RR. of Mo. stock
«
...
....
*
And interest.
ffio
[May 16, 1874.
CHRONICLE
THE
QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.
Gaoernment Bonds ana active Railroad, Stocks are quoted on a previous page anu, not repeated here. Prices represent the per
cent value, whatever the par may he.
u N. Y. Local SecuHties-,> are quotd ine a separate list.
Bid. ASL
BXOUBITIBS.
Ask
3id
BXOUBITIXS.
As!
Bid
SXCTUBITIKB.
SECURITIES.
Bid
—
IT. S. Bonds.
(Others quoted previously.)
5-2°b, reg'stered. 1662
5-2'J Called Bonds, IS62
5-2ns. registered, 1864.
3-2!>s, registered, 1865
.
5-20s. registeied, new
issue, ’6;
do
;ifi*%
.
5-203. registered, 1867
5-20s, registered. D63
119%
...
5s, registered, !88l...
115%
....
Slate
50*
8s, 1S83
50
do
8s, Alab. & Chat. It..
do
8s
of 1S92..
Arkansas 6s, funded..
*
do
7s, L. It. ft Ft. S. Iss.
do
78, Memphis ft L. R.
do
7s, L.R..P. B.&N.O
do
7s, Miss. O. ft It.ltiv
do
7b Ark. Cent It
Californla78
do
7s. large bonds
Connecticut 68
do
1o
In liana 5s
Illlnii8 6a coupon,’77
do
do
1879
do
War Loan
Louisiana 6s
do new nonde
do
do
do new floating debt.
do
78, Penitentiary
do
6s, levee bonds
do
8s
do
do
8s
do
1875..
do
..Of 1910.
38.
Michigan 6s, 1878-79
....
1(2*'
T
•
do
do
do
do
oo
do coup off, J. & J
do do off', A & • •.
1? uuding Act, l8Nf
1«6C
do
do
do
do
do
do
do
t
,
r
•
-
41
40
-
bonds, J. & J.
do
A. ft O
45
....
100*
.
TT--
...
.
112
li2
U2
11 2
l05
105
ioi%
:uu
2j%
do
40
38
.8
Endorsed...
7s, 187s
7s,1883
7s, 1880
do
do
do
99
96
9)
94
7s, 18o8.
cons. mort.
gold bds..
99%
Long Dock Bonds
27*
....
do
do
20%
....
do
2d
'to 3d
do 4th
no 5th
do 7s,
27
dQ
....
98
look
ft Sioux C.t 1st M ..
do
do
2d dlv.
20
18
Harlem prei.
Illinois Central
83
61%
33
....
61
i.,
do
do
65
63 '/■
64%
r
95
bds
uffilo ft State Line 7s...
95*
1
Cons. coup. Pt..
Cons. reg. 1st...
C ns. ccup. 2d..
Cons. reg. 2d
GO
do
90
do
do
96
95^2
lLyH
do
1st M.
do
do
107
8s, 1882..
consol.7
90
72%
•
87*
91H
45*
i66* *
91%
1887
6s real estate
do
85
6*. subsciiplion. 87
do
do
i6i k 102
7s. I8'.b
do
78, conv. 1876 ... :oi% j...
do
iu ik
?8, Ifc65-t6
to ft Hud. 1st mort ,cou|. 105 % 106*
do
1st mort , reg.. W5*
do
6S
.
•
'in*
CO r-
55~
loo
do
7s. 3d Mort.. 1875.
do
do
16
3
....
95%
78
96
100k iOj*
1^8%
reg
•
03
81
Consolidated....
do
do
ral P
do
....
2d
do
36*’
91
0
C
3*
*7**
New Jersey Southern
N, Y., New Haven ft Hartford is;
132%
45
Ohio ft \f tR«i<»s1poi, preferred. 40
Pacific of Missouri
Pitts., Ft W. ft Chic., guar... 93%
do
do
special..
Rensselaer ft Saratoga
109
'-09%
SJ
Rome ft Watertown
12
St. Louis, Alton & T. Haute...
do
do
pref
Belleville & So. Illino's, pref
St. Louis ft Iron Mountain.... 22“ 25".
23
St. L.. Kan. C.ft Northern pret 15
Toledo, Peoria ft Warsaw
Toledo. Wab ft Western, pret
IVlt*cellnrie<Mi« Stock*
94
SMJ
88
67
Ificgold Bonds...
State Aid bds.
82
Land Grants, 7s
Income 10s
do
do
do
....
1
79
69%
94%
84*
£5%
79%
80
Slaking Fund...
*
*
*
American District Telegraph
Atlantic ft Pacific Telegraph.
Boston Water i nwer
Canton Co., Baltimore........
50
Cent. N J. Laud Iinprov. Co. 44
Delaware* Hudson Canal
1163i
American Coal
C nsolidatiou Coal of Md
41
Mo. 1st M
o
2d M
do
78k
71
....
107
do
do
do
do
do
do
do
do
2d Mort.
8d Mort
Sd Mort
4tb Mort
102%
96k
99
90>i
....
50
do
L. <i
do
2d Mort.
do
do
59**
93
100
91
83
62
91
2d M
....
p
»
f
.
Cumberland Coal and iron.,,,
,
98
•
Carthage ft Bur. 8s.
Dixon, Peoria ft Han., 8s.
O.O. & Fox R. Valley 8s.
Oniney ft Warsaw, 8s....
55
42 =
C &
Lvnchburg 6s
7s,bonds
Memphis old bonds, 6s
do
new bonds,6s
do
end.,M. ft C.R.R..
Macon
90
85
45
do
11 o
'00
100
l 0
>«E
Chic., Dub. ft Minn., 8s..
do
do
do
45
97
86
96
American Central 8s
Chi. ft Southwestern RR. 7’s.
consol.6s
bonds, 7s...
10s
to railroads, 6?
100
100
Peoria ft Hannibal R. 8’s.
Chicago & Iowa R. 8’s....
6s. new.
do
do
do
do
ao
2 C.
ill. Grand Trank
8s
do
Montgomery 1 s
u*6*
96
96
96
96
96
8s
,
52
....
40
Securities.
do
85
40
85*'
Augusta, Ga.,7s,bonds
80*
tft,a
83* ’
Atlanta, Ga., 7s
75
75
80
70
California Pac. RR.7’8, gld...
do
6s, 2d M., gld
Canada Southern 1st 7s, gold..
Central Pac. 7s, gold, conv—
do
Land G. 6s e
Central of Iowa. 1st M, 7’s gld.
do
2d M, 7’s, gld
Keokuk ft St. Paul, 8s
'
‘5%
CITIES.
,
60
-
166"
60
Joseph,1st,6s, gld
Southern
99
99
97
22
40
....
100
HO
100
1(4)
97
97
37
97
86%
Southern Central of N. Y. 7s..
Tebo ft Neoslio78, gold
Union ft LogansportTs...
i1 t ab Central 6a. gold
! Union Pac., bo.
branches, gld
Walkill Valley lst7s,gold
West Wisconsin 7s, gold
Wisconsin Valley 8s
....
ICO
97*'
Bur., C. K. ft M. (M. div.)g.7s.
Hurl, ft M. (in Neb.) 1st conv..
Cairo ft Fulton 1st Ts, gold....
California ft Oregon 6s, gold..
9>%
42
....
do
do
‘Ho
do
do
do
2d M. pref
2d M.income..
do
do
W. D..
Burl’n Diy.
iT*
Ccrl. &
do
do
do
do
1st7s. 10 yrs.
2d 7s, 20 yrs..
Clr'cago, C. & Dub. 8Chicago, Bur. ft Qumcy7s...
Clue. Danv.ft Vincen s 7s, gld
91
90
•
•
•
•
•
Leav., Atch. ft N. W. 7s, guar.
Leav Law. ft Gal. 1st M., 10b.
Louisiana ft Mo. Riv. 1st m. 7s
•
•
91
....
60*'
70
70
68
40
80
77
•
•
•
92
£8
)
s
2d 7s..
stock
2d m.t 8s...
Tenn., lstm.,7s.
do consuid.,3
do
6
90
65
do
80
»
ft
.
.
*
•
•
25
15
5
do
do
do
do
do
ex
»
70
80
82
74
76
75
35
96
90
ctfs.
8s, interest....
2 mtg, 8s
stock
7%
cert’s, 8s.
do
85
5
60
98
88
8290
85
90
?2
92% '02
f
ttt
75
92
90
)
do
do
....
l*t>
do
90*
25
(
55
65
95
'5
•
•
•
.
•
•
a
40
36
25
.
80
do
.
1
•
.
55
25
45
10
15
50
30
♦ * *
90
do
conv. 7s.
)anv.lst cons’d 6s.
Piedmont 8s...
do
do
Ists, 8s
H)
do
70
7H
32%
86
^
3
91
94
Peoria, Pekin ft 1.1st
65
75
•
•
...
2d m.,guart’d
3d m..6s
do
do
6s...
3
stock.
do
80
3
do
do
6s
PAST DTK COVFON9.
*
....
Oregon ft California 7s, gold..
Oswego ft.Rome 7s, guar
•
9c
1
l
65
53
52
•
91
75
4th8,8s
•
15
35
5
•
do
do
do
to
30
7s
2dmo.,8i
3.C.,1st M.8s....
2d M., 8s..
ix., ists, 6s
:
2ds, 6s
3ds, 8s
>
..
....
48
do
do
71
bl
88
60
t
do
92
56
60
60
J
do
do
do
do
60
:oo
72*'
West P..1st 8s..
do 1st end.
do Income
80
62
65
72
72
10
9(1
15
83
TO
13
65
85
85
,
ntrai, ipi m., is.
do
j
80
69*
ston,lst7s.
do
do
KD
-
endorsed
stock
do
do
^
..
70
60
(8
60
70
60
53%
guar
7s, certif..
do
do
....
•
90
4H.
do
do
do
.
100
98
^oi.
5
....
.
•
gold
s
£5
84**
«
•
stock
do
(
95
80
.
81
0
S5
slock
Georgia R. R., 7s
do
...
•
do
do
o
....
•
m,
stock...,
•
Logans.. Craw, ft S. W. 8s, gld. 25
Michigan Air Line, 8s
98%
Mojticello ft P. Jervis78,gold
48
Montclair 1st 7e, gold
Mo.,Kan. ft Texas 7s.gold.... 47
Mo. R.. Ft., B.& Gulf 1st. M, 10s
do
do
2d M.,10s
N. J. Midland 1st7s, gold....... fO
do
2d 7s
N. Y. ft Osw. Mid. ist 7s, gold,
do
do
2d 7s, conv.
do
West. Extension Ts.
N. Haven. Middiet, ft W.7s....
North. Pac. 1st m. eold 7 8-10s
do
Land Wan ants...
Omaha ft Southwestern RR.8’e
consol. M. 7s
stock
....
....
•
Iowa Falls & Sioux C. 1st 7s...
do
do 8s of 189b
do
L. Onr. Shore RR. 1st m. gld 7s
Lake Sup. ft Miss. 1st 7’s,gld.
do
do
Col.
do
do
gnaran.
1st M.,7s
,
....
.
\h
Kal., AHeghan &G R. 8s,guar
Kal. ft White Pigeon 7s
Kansas City ft Cameron 10s...
Kan. C., St. Jo. ft C. B.8s of V5
do
iorgii
25
90
•
•
stock../.
do
do
60
50
•
end. BavanT
do
do
do
atra
77
35
20
2d M.,7s
do
do
do
»
100*
con
do new, gld
78,
do
6s, g’d, Jun & Dec
do
6b, do Feb ft Aug
do
7s, 1876, Land Gr.
do
7s, Leaven. Brch.
do
Incomes, No. 11..
do
do
No 16..
do
Stock
Kalamazoo ft South H. 8s, guar
20
do
<■0
•
Evansville, T H & Chic 7s. gld
Flint ft Pere M. 7s, Land Gr.. 90
Fort w.. Jackson & Sag. 8s...
Grand R. ft Ind. 7s, gold,guar. }66
do
do 7s, plain
f°
Brand River Valley 8s
Hous. ft Tex. C. 1st 7s g old... 89
ludianap.ft Vincen. 1st 7s,guar 80
do
■RATLROAD8.
62
45
74
111.
Tack., N. W.& 8. E. 1st m gl s7
Kansas Pac. vs, Extension, gld
do
7s, Land Gr., gld.
ton, N.C., 6sgold
do
8s gold....
....
58
c 5
50
•
7s, new
do
97 %
Cleve., Mt. V. & Del. 7s, gold.
Connecticut Valley 7s
Indianapolis ft St. Louis 7s....
Jackson, Lansme & Sag. 8s...
do
25**
85
63
80
m. gold Is
#ock. V. 1st 7s, 3j yrs
Chesapeake ft O. 2d
.
....
*
do
do
2d guar
St. L. ft So’eastern 1st 7s. gold
45
99
97
Evansville, Hen. ft Nashv. 7s..
101X
IDS
l"7
U4
Michigan Central
Mo., Kansas ft Texas....
40
Atchison ft Nebraska 8 p. c.
6ur. ft Mo. River, stock...
Land M. 7s..
do
do
do
do
2d S., do 7s..
3d S.. do Kg.
no
do
do
4th S.,do 8s...
oo
5th S., do 88..
do
do
6th S.,do88..
do
do Creston Brand
do
do Chariton Brand
do
30
60
95
Sandusky, Mans, ft Newark 7e
St.Louis, Vandalia ft T H.Pt
13
50
40
65
.
-
.
Elizabethtown ft Padu. 8s
JJI L
94%
72
%
7
>
Essex
91*
•
30
60
st M.,10s
8 p. c:
do
do
St. Jo. ft Den. C.8s,gold,W D.
do
do 8s, gold, E. D
....
n
do
do
2d m. 8s
Dutchess & Columbia 7s
Denver Pacific 7s, gold
Denver ft Rio Grande 7s, gold
Evansville & Crawfordsv. 7s..
Erie ft Pittsburgh 1st 7s
do
2d 78
do
7s, equip—
99*
old bds
new
98
83^
95
2d pref
St.Jo.ft C.B1.
miscellaneous List.
Arkansas Levee bonds 7s
Atchison & P. P«t,6s gold ....
Atlantic ft Pacific L G. 6s gib
8s
Det..Lans.&LakeM.Ptm. 8s
1C6H
do
•
“
2a 7s
Southern Minn, construe. 3s.
do
do 78
•
St.L..& St.
Det., Eel River ft
113
Marietta ft Cin., 1st preferrec
ft
J
64%
86
31
35
51
U)V
38
....
Long Island
Morris
bit
...
102
Ind., Cin. & Lafayette
Joliet ft Chicago
do
(
;;;•
Chicago & Alton.
Cleve.. Col., Cin. ft Ind...,...,
Cle.ve. ft Pittsburg, guar....
Dubuque ft Mioux Citv
Erie pr-d
Hanniual & St. Joseph, pref..
•
98*
Connecticut Western 1st 7s....
Chic, ft Mich. L. Shore
Des Moines Valley lsi 8s..
do
do Land Grant 8s
Dan., Urb., Bl. ft P. 1st m 7 gld
Detroit, Hillsdale ft In. RR.8’t
Detroit ft Bay Citv fi8.........
2d M
do
ret.2d Mort..... .00
102
I. S. F. 7 p. c
103
do
9
21
79%
95
b
7
...
;03*
d<>
do
pref
Chic. Bur & Quincy
•
...
Western Union Tel. 1st M.7s.
Chic, ft Can. South. 1st m gl 7s
Ch., D. ft V., I. div., I m gTd 7s
large bonds’..
Jan. ft St. Jo. Laud Grants,
do
do convertible...
o.
3
no*
duff. N. Y. ft K. 1st M.. 1877....
25
21
....
Texas, lGs, of 1876
V>rgiuia 6s, old
,1o
do new bonds
:.
do
do consol, bonds
do
do deferred do
riHtlroHd Slocks.
(Active previously quoted.)
Albany Sr Susquehanna..
Central Pacific
•
_
do
do Speo'i Tax, Class:
do
Class V
do
do
do
5
Class 3
do
no
do
Ohio 68,1875
do 6s, 1881
do 68, 18'86
:>2
Rhode Island 6s.
^5
Jan
do
do
Apr
do Fundini
do
do Land C,
do
do Land C
do
....of 188.'
do 7s
do
Tennessee fis. old
do
do ex coupon
do
do new bonds
do ex coupon
do
d*
do
do
do new senes
•
97%
“
72%
22*
Sioux Citv ft Pacific 6s
South Pacific 6's,gold
Steubenville & Indiana 6s
73
....
•
87k
....
new
dO
do
si*
.3
95
Rome, W. ft Ogdensburg7s..
Rondout & Oswego 7s,gold...
65
94
.
72%
Pekin,Lincoln ft Decatur lst\
Cin., Lafayette ft Cldc. 1st M
Del. & Hudson Canal 1st M. ’9 ~HJ5%
do
do
18&
do
do188'
89*
Lone Island RK 1st M
.
...
•
Han. ft Cent. Missouri 1st M.
98*
100
Rockf’d.R I.ft St. L.1st7s,gld
...
Rome ft Watertown 's
•
•
Lafayette, Bl’n & Miss. 1st M
io5k
l*W
do
69,1883
100
do
7b, 1878
95%
Missouri 68
do
II. & st. no. t sue., 93%
jo
Asylum orUniv r- 92%
New York Bountv Loan, reg., 108%
'.'8%
do
do
do
coup...
oo
6s, Canal Loan 1874 110
1U
do
6b, do do
1875.. 110
do
6#, do do
1877.. Ua
do
6s, do do
1878..
do
6:, < old ieg. 1837..
do
6«, do coup.18 7..
do
6s. do loan.1883..
do
6.3, do
do 13^1..
do
do
5s, do
18*5
do
58, do
do 1876..
NorUi Carolina 6». old, J. ft -1.
do
do
do
A & O
do N. C. It.It. J& J....
do
do
do
A. ft O
do
65*
109
hue. K. Island ft Pacific
R6
C. C. C. ft Ind’s 1st M, 7s, S. F. 99
99?C
Central ofN. J.,lstM., new., 103
10t%
do
do
2d Mort.
do
do con.conv.... id'
iou
98
Am. Dock & Improve, bonds.
Mil. ft St. Pam 1st M. 8b P.D.
do
do
do 7 3-10 do 91% 94
6«
do
do
7s gold R. D.
do
do 1st Mort. LaC.D
88%
oU
do
do 1st M. I.ft M.D.
do
1st M. I. & D..
do
do
do
1st M. I. & I...
do
do
1st M. II.&D. 77
do
do
1st M. c.ft M. 8i
do
do
2d M
do
103
102
Chic, ft N. Western S. Fund.
do
do
Int. Bondi
do
do
Consol, bdf
do
do
Extn. Bds
do
do
1st Mort..
8i%
do
do coup gld bds 84
81
do
do reg'd
do
Iowa Midland, 1st mort.,8s...
101
Gulena & Chicago Extended
do
2d Moit... 99
Peninsula 1st Mort.. conv.
Chic. & Milwaukee 1st Mort... 94% 94%
tdi
Winona ft St.Peters 1st m....
76%
do
2d in..
Del., Lack, ft Western, 1st M. 102
do
do
2dM.. IV 4
do
7s conv. 105
do
104
Morris ft Essex, 1st Micrt
do
do
2d Mort
do
do
Conv. bonds
94
do
do
Cons’ruction
no
do
7s of 1871
,00
,00
HU
Kentucky 6s
23k
22
..
Guaranteed
Jhesapeake ft O. 6s, 1st m
do
.do
ex coup
Chic., Bur. ft Q. 8 p. c. i*t h..
89
.9
79
101
U0
7«, new bonds
7s, endorse !...
7s, Gold bonds
..
92k
76
Georgia 6b
do
d'"
do
do
1st Mortgage.,. 107
do
do
Income
96%
foliet ft Chicago, 1st Mort.... 106 H
Louisiana* Mo., l6tM. guar
St. Louis, Jacg. ft Chic. 1st M.
....
"
do
do
do
8s Mont ft Euf’la R..
oo
2d
3d
Bur., C. Rapids & Minn.1st 7s,g
Jhic. ft Alton Sinking Fund..
...
8s, D«6
do
do
do
Boat., Hartf. & Erie, 1st M.
Itondtf.
Alabama 5s, 1838
do
do
do
Equip. Bds
...
Cons. Convert
Hannibal ft Naples- 1st M
Great Western, 1st M.,188H...
2d M. 1893...
do
Quincy & Tol., 1st M., 1890....
111. ft So. Iowa. 1st Mort
1G4
102
.
94%
1st M. St L div
2d Mort
do
do
do
do
74
94~
Wab’h, 1st Mort. ext’d
Peoria ft Rock I. 7’s, gold,...
Port Hnron&L M.Ts.gld.end.
do
do
7s, gold....
Pullman Palace Car Co. s>ock
do bonds, 8s, 1st series
60.
....
Consol. 7s
rol. ft
15
250
Railroad Bonds.
Albany ft Susqh’a, 1st bonds
....
.
do
pref..
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal
115% 115%
U6%
do
Tol., Peoria & War. 2d M
6
Mariposa Land* M. Co
1
1
ao
Consol. Coup.......
iro
85
65
62
97
92
«5
60
65
40
78
70
16) 1874]
May
501
THE CHRONICLE.
SECURITIES.
NEW YORK LOCAL
I
Marked thus (*)
not National.
are
w
American
Exchange.
..
Head*
Butchers* Drovers..
Bull’s
Central
Chatham.
Chemical
Citizens’
City..
Commerce...
Commonwealth
Continental
Exchange*
Corn
Currency...
100
1U0
Eleventh Ward*
filth
first...
fourth
—
German American ..
Germai Exchange....
Germania*
Grec wich*
1U0
Leather
Manufactrs...
Build.*
Manhattan*
•
....
Manut & Merchants*.
Marine
Market
Mechanics
—
Mech.Bkg Asso’tion..
Mechanics & Trailers..
Mercantile
Merchants
Merchants’ Ex
Metropolis*
Metropolitan
Murray Hill*
Nassau*
National Gallatin
New York
New York County
N Y.Nat.Exchange..
N Y. Gold Exchange*
Ninth
Ninth Warn*
Nort i America*
North River*
Oriental*.
Pacific*
Park
Peoples*
Pheu'x
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixtii
State ofNew York....
Tenth
i\'-ird
Tradesmen’s
Union
West Side*
7
JulylO/73.3*
8
8
Jan. 2,’74...4
J n. 2, 74.3*
150.000
500 (X) i
1
U)0
5"
1
100
100
100
50
100
100
IOC
25
50
25
100
50
51'
100
100
100
100
50
10C<
100
100
100
100
100
100
£0
25
50
10'
25
20
100
100
100
100
100
100
100
loo
100
40
50
100
000.000
000,000
J. & J.
M.&N.
F.& A.
M.&N.
’600,000
M.&N.
M.&N.
J. & J.
J. & J.
M.& A.
J. & J.
J. & J.
J. & J.
F. & A.
J. & J.
F.&A.
J. & J.
J. & J.
J. & J.
J. & J.
M.&N.
M.&N.
M.&N.
J. & J.
J. & J.
J. & J.
J. & J.
A. & O.
M.&N.
A.& O.
J & J.
J.& J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
200,000
200,000
300,000
000,000
100,000
50 ),t 0i»
500.000
600.000
500,(XX)
100,000
2,050,000
500,000
400,000
1,000,00c
2,000.000
500,000
600,000
1,000,000
3,000.000
1,235,000
50',000
4.000,000
200,000
1,000,000
1,500.000
8,000,000
200,000
500.(XX)
1,500.OCX)
200,000
1,000,000
400,0(X)
800,000
1,800 000
2,000,000
1.OCX),000
500.000
300.000
1,000,000
200 000
2,(XX),0^0
1,(XX).0CX)
1. ('00.000
1,000,00'
1,500,'XX)
•
.
7
10
10
8
12
10
10
8
30
10
8
8
10
15
7
5
9
.
.
1,200,000
300."! X)
certificates,...
Jersey City & Hoboken
Manhattan
Metropolitan
4,000,000
2,800,000
1,000.000
500,000
l'O 4,000,000
10 1,000,000
300,000
People’s (Brooklyn)
dodo
bonds.....
Westchester County
40' >,000
1,000,000
5'
50
8f*ftn
1,000,000
....
,
S' eecker Sc.jc r'uaonperry—svwk.
1st mortgage
luu
900,000
644,000
Broadway <k Seventh Ave—stock. 100 2,100,000
100C 1,600,000
1st mo: tgage
:o •2.000,000
Brooklyn City—stock
1000
1st mortgage
300,000
100
200,000
Broadway {Brooklyn)—stock
401,000
Brooklyn tfe Hunter's Ft— stock... :oo
1000
1st mortgage bonds
8'X),U00
115,000
Atlantic Av Brooklyn—1st mort. 500
l 00
,
500
500
Central Pk, N. dk E. River—stock 100
1000
lit mortgage
1000
2<t
do
C*neyIsland dk Brook'n—;st mort .000
Dry Dock, E. B. & Battery—slock. 100
2d
3rd
do
do
2d mortgage cons’d
\venue—stock
1st mortgage
iidSt. dk Grand St Ferry—stock..
1st mortgage
.
Grand Street dc Newtown—stock.
lark Avenue—stock
1st mortgage
Binth Avenue—stock
1st mortgage
Second Avenue—stock
;
1st mortgage
hlghth
2a
..
mortgage
3d mortgage
Cons. Convertible
Sixth Avenue—stock
1st mortgage
third
Avenue—stock
1st mortgage
..
Williamsburg dk Blatbush—stocic.
ig^.;..
1000
inn
1000
50
'001'
10 0
1000
1000
'
A'tmortg
100
1(XK)
100
1000
20
50
.
..
100
loco
100
1000
100
1000
’This column tlxows last dividend
100.000
164.1 XX'
1,161,000
Mechanlcs’(Bklyn)
180*
1103
110
150
155
‘
ioi* * its
Stuyvesant
Bid.
Askd
Jan.15/74
215
Apr. 15/74
.....
....
Feb., ’74.
Jan.. ’7-4.
Mch., ’74.
Mch.16/74
10s. Nov. 1,’73
7
5
May 1 "74.
"74
4
Jan.,
5
Jan., *73.
Jan., ’74.
5
«
17
10
10
100
100
50
50
25
100
.
•
26 per cent
J.&D.
50
50
100
25
50
50
50
30
20
40
50
100
25
50
25
100
100
25
50
50
50
:-o
50
50
Q-F.
J. & J.
J. & J.
7
7
7
i
Q-F.
....
6
7
4
7
2
140
*
M.&N.
7
167,000
J. & J.
7
2
7
7
7
7
5
7
2
7
Q.-F.
•
■
•
•
12
10
10
9*
iF* IF*
10
20
25
25
25
50
200,000
500 .(XX)
350,000
200,(XX)
200,000
150.000
150,000
1,000,000
200,000
300,000
200,000
2(X),COO
200,000
200,000
10
15
to
62,186
Jan.,
Jim.,
Jan.,
Jan.,
’74. H
*74.1<
'74. .6
’74. .5
’74..5
Jan., ’74..5
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
’74. .5
’74. .5
’74..5
’71.1C
"74. .5
5
5
Jan., ’74..5
20
7
Jft
16
25
6
20
16
3*
18
23
11
12
12
12
11
10
4
20
20
:o
18
id
io
12
20
20
14
16
12
10
10
*
*
3*
18
20
14
10
5
*
9*
■
T
16
20
10
7
10
10
10
14
14
10
20
10
T
14
216.767 14
158,628 10
cash,
20
10
,
12
20
12
20
16
ii''
Including re-lnsurance,
20
10
Jan
11
20
131,409 10
200,000
150,000
250,000
250,000
io
10
15
32,8 3 10
43,447 10
200.000
.
10
14
47/79
83.235 10
66,279 10
200,000
150,000
«
Jan., ’74..5
7* Jan.,’74.. .5
5
Jan., ’74.10
Jan., ’74. .7
io Mch.,’7x31+
....
20
12
250.706 18
1:6,03 !6
11.840
327,584 10
111,467 10
255,6*4 '6
331,379 10
184,417 12
96,107 12
183,209 11
11,634 12
57.8S3 10
15,7*19 10
165,316 16
.
Jan., 74..5
Jan., ’74. .5
....
10
10
10
190,218
46,539
200,000
210,000
200,000
.
10
15
18,386 10
87,540 20
26,101
.
10
10
20
10
5
14
t
«
5
5
10
85.087
Rate.
10
13* 6
5
10
10
'0
13
12
10
14
14
14
10
10
•
y
T4.
.
’io?”
70
104
80
90
96
114
250
97
72*
97
65
95
95
iso* ’
125
140
100
75
85
160
SO
100
• *
115
218
90
30
*
75*
97
ICO
2*6*
5
150
100
80
100
75
100
100
180
‘io6*
90
155
90
iCO*
170
*80*'
130
65
Jan., ’74.10
Jan., '74.10
Jan.,’74..5
Jan., ’74.10
Feb., ’74.10
J an., *74. J
Jan., *74. .5
A pi., ’74..C
Jan., ’74.1C
Jan., ’74.10
Feb.,’71.10
Jnn., 74..8
Jan., '71..5
Jan., ’74 5
160
'80
ICO
165
147
65
HO
,’74..fi
•
65
1*4 V
Jan.. ’74..5
an.
•
85
*195’*
85
*70
190*
110
*i50%
70
105
112
205
140
190
ioo**
75
80
60
160
Jan., ’74 5
Feb.,’74.io
Jan., ’74..5
Feb.,’74. .5
Jan., ’74..5 ICO
85
Jan.,’74..5
80
Feb,, *74..5
J«n., ’74..7 140
Jan., '71..5 110
Jan.,’74..7 140
Jan.t *74 .5 125
105
65
90
65
95
*90'
capital and profit scrip.
Sistabe.]
Price
Bid.
Months Payable.
Ask
100
i'25
63
70
184
93
100
170
75
1841-63.
1R54-57.
Croton water stock.. 1845-51.
do
do
..1852-60.
Croton Aqued’ct stock.1865.
do
pipes and mains
do
reservoir bonds
Central Park bonds. .1853-57.
do
do
X85
85
161
100
..1853-65.
1852,
Improvement stock.... 1869
.do
lo
....1869.
var,
Consolidated bonds
Street imp. stock!
var,
do
do
var.
5
6
5
6
6
7
6
5
6
5
7
6
7
6
7
6
7
Feh.,May Ang.& Nov.
do
do
do
do
,
do
do
do
do
May & November.
Feb.,May Aug.& Nov.
do
do
do
do
do
do
May & November.
do
do
do
do
do
do
do
1890
1883-90
1884-1911
1884-1900
1907-11
1874-98
1S74-95
1871-76
1901
89
95
86
95
S5
104*
95
86
90
16
88
15
96
105
96
88
95
96
96
104
97
105
97
103
101
101
1(3
96
do
do
do
do
do
do
1878
1894-97
1873-75
1876
1889
1879-90
1901
1888
Mo
1879-82
102
95
103
1872-91
1885-91
1881-95
95
95
102*
1872-95
H
Feb.,May, Aug.& Nov.
May & November
’
1870-80
1875-79
102
;io
103
102
95
100
100
Brooklyn:
City
...1819-65.
bonds..
do
.,
1861-65,
Local imp. bonds.... 1862-65.
do
....1806-70.
do
N. Y. Bridge bonds... .1870.
Park boons
186(4-71,
Water bonds
1X57-71,
Sewerage bonds
S years.
Assessment bonds... do
1878
Feb.'74
1877
1876
1885
18S8
140
3<
M .& S.
onfiWCfc# hut date of maturity
5
t
•
July’70
Nov/73
1890
Feb. 1/74
1C90
IcT IF*
53.082 10
147,745
85,488
77,573
10
10
187 ,('86
....
1877
Mav/73
1873
62,187
57,210
4,520
.244,672
123,827
93,874
59,418
22,533
Jan., ’74.25
Jan., ’74..5
Tan. ,’74.. !l)
Jan., ’71. 6
8* 10
200,000
soo.ooo
150,000
200,000
do
1870.
Floating debt stock— 1860.
Market stock
1865-68.
Soldiers’ aid fund
1863.
do
do
1863,
Jan.’74
9,930
28
8*
17* 20
iso *
I
Bondsdue.
Dock bonds
....
112,555
137,544
88.829
238,988
24
11
20
10
15
5
4
2(6**
65
90
no
210
100
80
Interest.
1882
1890
,,
24.653
10
16
10
[Quotations by Geo. K.
82*
May/74
80,6hu 11
2(7,874 20
105
Jan., 74
18-8
18-1
1834
1885
10'
Feb. ,’74. .5
Jan., *74..5
10
Jan., ’54. .5
10
12* 12* Jan./74.7*
10
iio*’
vo
125
145
115
80
’
80
100
200
180
City Securities.
130 ’
1884
7
7
7
7
J. & J.
A.& O.
A.& O.
J. & J.
10
11-8,218
257,122 10*
260.705 16'' 18
10
74,4; 0 10
do
5
21,755
70,493
15,645 10
250,000
200,000
150,000
200,000
135
150
1880
May ,’74
1372
74,204
2 0.000
,*73.10
Dec
.,
891,016
69/. 13
36,872
86,766
in scrip and 5 per cent, in
New York:
Water stock
Jan,. 74
337 974
204,000
150,000
150,000
200,000
1,0 0,000
500,000
20r,,000
200,000
200,000
150,000
250,000
200,000
2,500,000
150,000
600,000
200,000
200,000
200,010
150,000
280,000
150,000
200,000
150,000
200,000
300,000
20
20
20
....
20,344
27,093
50,131
150
......
.
7
S
7
3
7
J. & J.
J & J.
Williamsburg City.
98,640
65
#
Feb.,’74.10
20
Jan., ’74.10
20
20
20
13* 7 Jan. ,’74.8*
33* 13
14
Feb.,'74. io
14* 14* 20
10
17
Jan., *74..7
14
14
J- n., ’74..5
10
10
10
5
10
Jan., ’74..5
10
11
5
11
Jan., ’74..5
10
10
20
18
8* 8* Jan./74...6
20
20
Ap
’74.15
20
20
10
J n.,*74 .5
10
10
10
10
10
an., ’74..5
4
7
Jail., ’74..5
5
Jan., '74..5
20** io * 5
Jan., '74. .5
io Jan., ’74..5
10
IF* 10
193.994
200,000
12
10
iF is” iF 20*
214,850
224,865
227,382
200,000
153,000
300,000
210,000
250,000
300,000
2(0,000
200,000
1,000,000
40
800,000
100
200,000
30
200,000
t Over all liabilities,
175
.....
7
%
United States
10,462
200.0(0
...
99** ioo*
2/71...5
Last
5
5
5
5
J. & J.
J. & J.
J. & J.
141
diviuend.
7
Q-F.
Q-F.
143*
2.74...5
5
M.& S.
F. & A.
200,000
9(0,000
Tradesmen’s
Metropolitan
85
1,74...6
5
M.&N.
J.&D.
F.&A.
A.&O.
M.&N.
M.&N.
J. & J.
Mech.&Trad’rs’
87*"
250.000
Place.]
Rate.
M.& S.
J. & J.
*•»•••
Manhattan
45,287 12
15,193 10
48,768
318,257 20
200,000
Montauk (B’klyn).
Nassau (B’klyn)...
37*
National
35
N. Y. Equitable....
100
New York Fire
N. Y. & \ onkers.. 100
60
Niagara
25
North Elver
25
Pacific
100
Park
20
Peter Cooper
20
People’s
50
Phenix (B’klyn) ..
50
Relief
100
Republic
100
Resolute
25
Rutgers’
100
Safeguard
25
St.Nicholas
50
Standard
1P0
Star
100
Sterling
254,000
SOO.OOO
797,000
0,000
125,000
130*
400.000
Bonds.
J.& J.
J. & J.
M.&N.
A.& O.
2,000,000
Long Island(Bkly.)
Lorillard
Manuf & Builders’.
Jan. 2/74...4
J.&D.
2,000,000
Lenox
May 1, 74...5
J. & J.
900.000
200,000
150,000
315,000
750,000
250,000
135
Jan. 2/74...4
Jan. 2.74...5
J. & J.
A. & O.
F.&A.
J. & J.
1,000,000
203,000
800,000
350,000
Lafayette (B’klyn)
Lamar.. [
Knickerbocker
73. .3
2/74...6
Jan., 74...4
May. 9/74.. 4
Jan.2,’7».2*g
8
12
11
8
600,0'0
214.000
170.000
115
100*
Askd.
62*
3* Jan., *74..5
Jan.,’74..5 £0
14
Jan., ’74..7 115
10
Jan., ’74. .5 100
5
Jan., *74..5 70
95
Jan..’71..5
10
5
14
6
10
15.235 10
6,598
200,533 IF" 17
200,000
*95*
Jan.
Jan.
M.&N.
J. & J.
750,000
Kings Co. (B’klyn)
110
2,74.3*
9/74...4
Feb.9,*74...4
Jan. 2.*74...3
F. & A.
220,000
Irving
ioi* *
100
50
100
25
50
25
190
25
17
20
70
100
30
100
50
100
Mercantile
Merchants’.
Jan.
Jan.
Jan.
Feb.
9
Hope
Importers’* Trad..
Jefferson...,
130
128
1870 1871 1872 1373 Last Paid. Bid.
1874.*
200.000
15
i35
May 1, 74...3
550.000
1,200,000
Firemen’s
Firemen’s Fund....
Firemen’s Trust...
Gebhard
German-Amen can
Germania
Globe
Greenwich
Jan. 2.74 ..4
Jan. 2,74.3*
Jan. 2/74...6
,
—
25
112
101
Jan.,
5 000,000
100
25
New York
do
386,000
750,000
do
certiticates
Mutual, N. Y
Nassau. Brooklyn
do
scrip
Williamsburg
1.850,000
50
20
60
100
Harlem
Exchange..,
Farragut
no
120
110
Jan. 2/74...4
Q-F.
2.000,000
170*
iso**
Jan. 2/74...5
Jan. 2,74...6
Par Amount. Periods.
25
20
Eagle
Empire City
Howard
Jan. 2/74...4
and City It.II. Stocks and
[Quotations by Charles Otis, 47 Exchange
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn
Fire—
Commercial
Continental
commerce
130
July 1/73...S
Jan.,2,74. .4
Jan., 5/74...5
Apr. 1, 74. .4
May.11.74..4
Apr. 10 *74.. .4
8
4
Clinton
Columbia
145
May 1/7)....5
n
8
12
10
City
Guardian
Hamilton
Hanover
Hoffman
Home
May 1, 74...4
May 1/74.... 5
8
8
i25*
200*
July 1,73...3
May, 73...5
12
12
12
10
7
8
5
6
10
12
.
Citizens’
124
Jan. ,2/74. ..5
•
10
12
Brooklyn
Feb. 10/74..5
6
5
8
3
6*
i22*
Feb.12/74.3*
14
7
12
16
12
10
7
8
9
Bowery
Brewers’ & M’lst’rs
Broadway
100
103
Jan., ’73...4
Jan.,2,74...6
Jan., 2,74...5
7*
135
Jan, 10,’74...5
10
4
8
8
10
**-**•
134
102
’Ioi*
Jan., 2,’74... 7
Jan., 2,’74.. .5
Jan., 1/71...6
12
6
105
145
86
Jan. 2 ’74.. 4
Mch. 1/74...4
10
10
8
10
10
8
6
10
8
.
.
4
12
«
.
88
14
8
12
7
10
10
12
8
M.&N.
J. & J.
200.000
•
,
8
4
J. & J.
J. & J.
J.& J.
F.&A.
F.&A.
J. & J.
J. & J.
J.& J.
J. & J.
M.&N.
J. & J.
J. & J.
J. & J.
412.500
.
7
20
10
Q-F.
422.70’
2,000,000
Apr.l. 74.2*
Apr. 1. 74...3
9» Jan. 2, *74.. 4
10
May 1, ’74.6*
8
Feb. 1, ’74...3
May 1, *74...7
10
Nov.,1,’73..10
20
May 1,’73. .5
10
Jan., 2,’74...5
Price.
Dividends.
Jan. 1,
Adriatic
oEtna
American
American Exch’e..
Arctic Atlantic
i2C*
14
15
.
t
f
.
.
500,( HX)
7
7
14
20
8
10
8
Q—J.
Q-J.
’2(0,000
100
100
7
10
16
6*
260,000
p
Jan., 2,’74...5
May !, ’74.. 10 300
Jan.. 5,’74. .-4 121
3* July, 1’73.8*
July, "72.3* 166'
‘io** Feb. 2, 74...5 121
12
Jan., ’74...4
Gas
do
t sub
plus,
111*
115
2,’74...5
Mch.1/74..16
Jau.
J. & J.
J. & J.
350,000
5
24
16
10
8
12
100
10
20
8
24
20
10
8
12
36
10
20
8
ill
Jan., 2.’74. .6
Jan., 2,*74..12
Jan., *73...4
Jan., 2/’74...5 123
July 1.-73...4 101
broker, 65 Wall street.)
Ne
Capital.
Askd
Companies.
J. & J.
1,000,(XX)
25
25
100
100
100
30
100
100
100
25
•••• — •
Manuu trers’*
J. & J.
J.& J.
250,000
1,000,000
40
Loaners'*
Jan. 2,*74...5
Nov. 1,73... 4
M.&N.
.
Importers’ & Traders’.
Irving
10
8
10
8
25
300,000
Q-J.
25
25
800,000 J & rJ
J. & J.
100 2,000,000
25
450,(XX) J.& J.
100
300,000 ev.2 mos
J. & J.
400.000
25
M.&N.
100 1,000,000
J.& J.
100 10,000,000
J. & J.
750,000
100
J. & J.
100 2,000,000
F.&A.
100 1,000 000
Q-J.
100
100,000
Grocers
Hanover
Harlem*.......
East Paid.
J.& J.
8,000 000
5.000,000
loO
pry Goods*
East River...
fulton
1873
Pax- Amount.
Bowery
Broadway
Bid.
1872
Par Amount. Periods.
(Quotations by K. S. Bailey,
Price.
Dividends.
Capital.
Companies.
Stock lifst.4
Insurance
Bank Stock List*
of &0Hd4,
1<5
100
’ico*
Jersey City:
Water loan
do
1852-67,
1859-71
1866-69.
Sewerage bonds
Bergen bonds
1868-69.
Assessment bonds... 1870-71.
January & J uly,
do
»do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
January & July.
do
do "
do
do
Jan., May,
do
do
July & Nov.
1911
1915-24
1881-1902
various
various
18771899-1902
1872-79
1874-1900
1875-91
95
96
2*
i<2*
102*
15
101
101
96
102
H2
85
95
95
95
96
16
96
502
THE .CHRONICLE.
1874, present, the Governor, the Auditor of Public Accounts, the
Second Auditor, and the Treasurer. On consideration of’
the
question referred to them, it was
Resolved. That relying on the revenue to be received at the Treasury and the
balance now on
investments
AND
STATE, CITY AND CORPORATION FINANCES.
hand, it will be practicable, in the opinion of the hoard to
July next, the payment of the January, 1874, interest
provided for by said act. to wit: Two per cent on the six per cent, and one
and two-thirds on the five per cent stock issued under the act of
March 30
1871, and the like rate upon two-thirds of the face of the stock not funded •
commence on
JST EXPLANATION OF STOCK AND BOND TABLES.
1 • Prices of the rao«t Active Stocks and Bonds are given in the “ Bank¬
ers’ Gazette,” previously.
Full quotations of all other securities will be
found on preceding pages.
2. Government Securities, with full information in regard to each
ssue, the periods of interest payment, size or denomination of bonds, and
numerous other details, are given in the U. S. Debt statement
published in
The Chronicle on the first of each month.
the 1st of
and
’
Resolved, further, That payment at the same rate, for interest due Julyl
1874, will be made as soon as the condition of the treasury will warrant it of
which due notice will be given.
Alabama & Chattanooga.—The sale of this road is postponed
by order of court, until the first Monday (being the sixth day) of
3. City Bonds, and Bank, Insurance, City Railroad and
July, 1874.
Gas Stocks, with quotations, will usually be published the first three
weeks of each month, on the page immediately preceding this.
Alleghany Talley.—The Philadelphia Ledger says :
4. Tlie Complete Tables of State Securities, City Securi¬
Owing to the prolonged illness And recent death of Colonel
ties, and Railroad and Miscellaneous Stocks and Bonds
Phillips, the late president of the Alleghany Valley Railroad Co.,
will be regularly published on the last Saturday in each month.
The publi¬
and the unsatisfactory and irregular method in which the ac¬
cation of these tables, occupying fourteen pages, requires the issue of a
supplement, which is neatly stitched in with the usual edition and furnished counts of the company have been kept, we learn that it has been
to all regular subscribers of The Chronicle.
unable to meet promptly its maturing obligations. Mr. John
Scott of Pittsburg, who has just been elected its president, has
Louisiana Finances.—The following is from a letter to Mr
been applying the immediate cash resources of the company to
John B. Manning of this city from the Auditor of the State or
the payment of the last two months’ wages of the employees, and
Louisiana:
with the aid of Mr. J5hinn, his assistant and controller, is ex¬
In reply to your communication of the 8th instant, would say
amining into the condition of its affairs. A statement may he ex¬
that the coupon enclosed falls due after the 1st January, 1874.
The new consolidated bonds will be dated January 1, 1874, and pected as soon as these investigations are completed.”
Will draw interest from that date ; consequently no interest will
Baltimore & Ohio.—In one of the suits against the Parkers¬
be computed on the old bonds after that time. All coupons due burg Branch Company, to recover money paid on certificates of
on or
before that date will be paid during the year in cash. stock fraudulently issued by the late Treasurer, the United States
Coupons partially due at that time will, I suppose, be added to Circuit Court has decided in favor of the plaintiff, holding that he
the face of the new bonds.
is entitled to recover from the company. The case is to be taken
The Funding act is now being carried out.
to the United States Supreme Court, and tlie decision will
The board is
proba¬
organized, bonds are being prepared and preparations for the bly govern the other suits.
exchange going forward as rapidly as possible. Nothing will be
Burlington & Missouri River Railroad in Nebraska.—
given to represent the 40 per cent of reduction ; each exchange
The Burlington and Missouri River Railroad Company, under
must be absolute and complete.
The new bonds, however, and
the law will be sufficient evidence of the transaction.
The injunc¬ an act of Congress, passed July 2,18G4, became possessed of a
tion against the $1,000,000 8 per cent levee bonds is still in force. land grant of 20 sections for each mile of road they might con¬
struct and equip between Platts-iMouth and Fort Kearney, and
New York State Finances.—The Albany Journal says: The the State of Nebraska also
granted to the Company 2000 acres
State tax for the present year, under the tax bill which passed
per mile, but in all not to exceed 50,000 acres.
the last day of the session, will be as follows :
The Congressional endowment aggregates 2,382,208 acres,of
Mills.
which 527,428 acres had been sold up to Dec. 31,1873 to 4,206
For general fund
^A
purchasers for 4,185,818, or at an average rate of $7.93 per acre.
For bounty debt
2
1478781
For common schools
For deficiency...,
For new capital
For asylums, etc
For interest and redemption
“
•
.
.
-
.
.
.
of State debt
.
For.appraiser’s awards
For
work
new
on
canals and extra
Total
Deduct amount for
Tax
.
repairs.
.
IX
A
A
6-16
1-10
7-32
A
1%
A
_
deficiency
chargeable to 1874
6%
The tax levied last year was G 95-100 mills. If we deduct from
the total of this year’s levy the one-half mill provided for the
*•
deficiency of last year, it reduced the next tax of 1874 below that
The following schedule shows the rate of tax as levied
each year since 1869:
of 1878.
Mills.
7 41-156
1870....
Mills.
s
6 95-100
5 70-120
9A
,
IX
South Carolina Finances.—It appears that the committee who
have been in New York to fund the State debt met with little
success.
It was proposed to fund the various issues of State
bonds by giving a consolidated bond to the holders at the rate
of
fifty cents on the dollar. But in the debt to be funded about
$6,009,000 out of the issue of $7,500,000 conversion bonds is
excluded, as they are held to be void. About $1,500,000 of the
bonds were issued legally in exchange for the other bonds of the
States as the law designated, and these are held valid.
After
this amount had been issued, it was found that the remainder of
the $7,500,000 had been sent to New York, and placed in the
hands of Mr. Kimpton, the financial agent of the State, and it
afterward appeared that they had been hypothecated from time
to time
by Mr. Kimpton for small amounts, called for by the
State authorities to meet current expenses. It was undoubtedly
the intention to redeepi these bonds, but when the debts were
matured the money was forthcoming, and consequently the bonds
were sold.
In this way they went upon the market, and of the
$6,000,000 issued the State received about $2,800,000.
The following table, given in the Daily Bulletin, shows
the
numbers of
the conversion bonds
turned
over
to
H. H.
Kimpton:
Colors.
Red
Red
Number.
Blue
Red
Bonds.
Den.
Amounts.
1,131 to 2,450 inc.
2,476 to 3,500 inc.
1 to 3,270 inc.
1,320
1,025
3,210
1,000
$1,320,000
1,000
301 to 1.000 inc.
700
600
1,250.000
3,270,000
350,000
.'
$6,190,000
.
The
1,000
the numbers of the $7,542,000 regularly
issued, as appears from the register in the office of the State
Treasurer: Red $1,000 from 1 to 519 inclusive, from 521 to 1,130
inclusive, and from 2,451 to 2,475 inclusive. Blue $1,000—3,271
to 3,496 inclusive, and number 3,493.
Red $500 1 to 237 inclu¬
sive, and from 1,001 to 1,200 inclusive; also red $100 from 1 to
following
are
120 inclusive.
Virginia Finances.—At
act of
a
meeting of the board appointed by
April 22, 1874, to provide for
the General Assembly of
paying interest on tlie public debt, held in Richmond, May 11,
This is exclusive of the land sales cancelled.
The amount of
government land patented to date is 2,370,413 acres; and the
amount
remaining unsold 1,854,780
acres.
The road, as now existing, connects with the Chicago, Bur¬
lington and Quincy Railroad atPlatts-Mouth, and with tlie Union
Pacific Railroad at Kearney, the distance between the two points
being 190.66 miles. In all this distance there is no grade over
32 feet to the mile ; the average grade is governed by the fall of
the Platte river from Fort Kearney to Platts-Mouth which is only
1,100 feet. No sharp curves occur in all the line adopted. It is
a thoroughly built road and well equipped ; and in these respects
will compare well with the average railroads of New England.
The main line was completed to Lincoln, 55 miles, July 26,
1870 ; and so far opened for traffic August 1, 1870; it was com¬
pleted to Harvard 81 miles further west, December 20, 1871, and
the whole road to Kearney was opened September 3, 1872.
The Omaha and South Western Railroad was leased August 1,
1871. At this date the road was in operation from Omaha to
Cedar Island 10 miles; and the whole road from Omaha to
Oleapolis, 18.55 miles, was opened November 2, 1871, and from
Crete to Beatrice, 30.09 miles, December 20,1871.
The rental paid under the lease of the Omaha and South-west¬
ern Railroad is the interest at. 8 per cent on $20,000 of bonds per
mile. The company also paid $61,000 in cash for the whole of
the capital stock of that Company, which brought with it the
right to 30,000 acres of land from the state of Nebraska, and
$50,000 of the 8 per cent bonds of Gage County. The amount
of bonds claiming 8 per cent rental is $1,034,000, which was the
issue on the original length of the road, 50.68 miles.
In order to
get a better connection, when the bridge over the Platte River
was built, the line was shortened by 2.02 miles.
The lease
of this road gives the main line an outlet at Omaha, and a con¬
nection with the Chicago lines coming in at that point. Between
Omaha and Kearney the distance is 204 miles.
Lands have sold well and population increased rapidly,
The land sales in 1872 amounted to 114,276 acres, and in 1873 to
232,803 acres, or a duplication of the amounts sold in the latter
over the former year.
The alternate sections owned by the gov¬
ernment, are now mostly occupied by settlers; and hence the
Company will have little competition in future years, and the
value pf their remaining lands must inevitably appreciate.
The prairies traversed by the lines of this company are wood¬
less, except to a partial extent along the rivers, and hence coal
is the chief fuel, which is received at Piatts-Mouth, chiefly from
the mines of Iowa at comparatively high prices. By extending
the Beatrice line between 90 and 100 miles south the coal of
Kansas will be reached, and before long the Wyoming coal of
the Union Pacific Company will be available to the west end of
the route. In the meanwhile the Company have been experi¬
menting in tree-planting, and they introduced in the spring of
1873, 600,000 young trees, which have flourished to a wonderful
extent.
The experiment, indeed, has been a success, and the only
drawback to be feared is the prairie fire, which as cultivation
proceeds will be permanently and surely prevented. The plant¬
ing has been done mostly along the side of cuts, where the trees
may in future serve to some extent as a wind-break, and a pro¬
tection from
snow.
May 16,
THE
1874.]
503
CHiiONICLE.
negotiated, but the road, as charged on one side, subsequent]y
pecuniarily, In 1872, Messrs. Elliott, Collins &
Tint—Platts-Mouth, Neb., to Kearney Junction, Neb
190.66 miles.
Co., bankers, of Philadelphia, advanced funds to the road to the
nSa and ) — Omaha, Neb. to Oreapolis, Neb
18.55
extent of $122,000, and the directors thereafter authorized an
°£w RR \ -Crete (75 m. W. Platts-Mouth),Neb. to BeaS.W.iut)
trice, Neb
30.09-48.64 “
additional mortgage for $400,000, which mortgage came into the
Total length of railroad owned and operated
239.30 miles. possession of a Mr. Stillman, who is now suing to foreclose it for
non-payment of interest, and to restrain this foreclosure is the
Sidings and other tracks
20.76 “
object of the present suit, brought by Messrs. Elliott, Collins &
Total length of equivalent single tracks
260.06 miles. Co. They allege that the second mortgage was not legally issued,
ziange 4 feet 8X inches.
Rail 48 and 56 pounds.
’Fauirrment—Locomotive engines 14. Passenger cars 12; mail and baggage and that the attempt to foreclose it is a conspiracy to defraud
rareV way cars 3; box freight cars 152; coal cars 43; platform ears 85; derrick unsecured creditors.
car p’tool car 1-s rubble cars 26; and iron cars 3.
Total of all, revenue cars
333. Also 56 hand cars.
Chicago, Danyille & Vincennes.—A meeting of those who
OPERATIONS AND FISCAL RESULTS. own property along the proposed line of the Chicago, Danville &
Vincennes Railroad, between Chicago and Thornton, and have
Engine Mileage—Passenger engines run 154,033; freight engines 128,199;
transportation engines 13,287; construction engines 21,454; and switching en¬ subscribed land or money in aid of the line, was lately held. Mr.
emies <4 661.
Total of all engines 392,234 miles. Cost of labor and material Young, President of the Chicago, Danville & Vincennes Railroad,
*94 426 or 24.07 cents per mile run.
Coal used 7,182.3 tons, and wood 298 cords. was
present, and explained the proposition which was made to
Passenger Traffic—Passengers carried—west 44,167 and east 37,050: total
81 217Passengers carried 1 mile—west 2,568,261, and east 1,736,504: total the subscribers by the Chicago and Southern Railroad, which was
the
^Freight Traffic—Freight moved—west 59,417.38 and east 66.702.74: total had assignee of the Chicago, Danville & Vincennes Railroad, and
undertaken to complete the work which the latter found
jog 120.12 tons. Freight moved 1 mile—west 4,901,265.61 and east 4,102,349.56:
itself unable to perform on account of embarrassments arising
total 9,003,615.17 tons.
Crross Earnings— Passenger $199,805; freight $390,070; and miscellaneous
from the
last fall. The Chicago &
*38 553
Total ($2,626.13 p.m.) $628 429 Company panic ofbind itself to finish the road,Southern Railroad
would
have regular
Operating Expenses, including Insurance and Taxes (54.77 p.c.)
344,215 trains running over it in four months’ time, and the property
if
mft Earnings—Results of the year’s business
$284,214' owners along the line would transfer to it their subscriptions,
Statement of gross earnings, operating expenses and nett earnings, since
and (when money had been subscribed) would vary its payment,
so that one-fourtli of the subscription should Le paid when oneNett
Gross
Av. miles
Operating
earnings.
expenses. earnings.
fourtli of thq road was done, another quarter when one-fourth
operated.
55.00
$45,804
$37,389 more was
$83,193
1870 (5 mos).
completed, and so on till, when the last quarter of the
102.59
121,775
101,484
226,259
road was completed, all the money should be paid in this way,
115.820
168.14
334,875
450,695
1872 (
239.30
628,429
344,215
284,215 the means necessary for the work could be obtained.
The
1873 (
assignee was to give bonds in double the amount of subscriptions.
165.37
$829,378
$559,198
Total
165.37 $1,388,576
The meeting with one dissenting vote, adopted a resolution
Interest on bonds has been paid from nett earnings, and the nett proceeds of acquiescing in this proposition,
land sales. The O. & S. W. ICR. came in under lease, August 1, 1871.
Central Railroad of New Jersey.—At the annual meeting
LAND DEPARTMENT ACCOUNTS.
of the stockholders of the New Jersey Central Railroad, the fol¬
Land granted by United States 2,382,208 acres, of which 2,370,413 acres have
lowing directors were elected : John Taylor Johnston, Benjamin
been patented to the company.
Lands received from the State of Nebraska direct 50.000 acres.
Williamson, John C. Green, Frederick T. Frelinghuysen, Henry
Lands enuring from State of Nebraska, through the Omaha and South-western D. Maxwell, Adam Norrie, James Boorman Johnston, John Kean
Railroad (a part already received) 30,000 acres.
and John Leisenring.
Total of all lands received by, or enuring to, the Company from the United
ROAD AND
and
EQUIPMENT.
became involved
*
States, and the State of Nebraska 2,464,208 acres.
Total number of purchasers to December 31, 1873, 4,206.
Total sales to same date 527,428 acres, for $4,185,818, viz: on
Delaware & Hudson Canal
long (10 years at
$4,037,228; on short (one-third cash, and the
6 p. c.) credit 503,268 acres, for
balance in one and two years at
on cash 9,046 acres for $59,973.
10 p.c.) dredit 15,114 acres, for $90,617; and
principal $248,771; on interest $407,547, and for
.
$668,134
Special deposits $4,638 and miscellaneous receipts $2,423
7,060
Total from sales on principal, interest, ca^h, Ac
$675,194
Expenditures for Agencies, fees, taxes, and all other disbursements,
$179,072; paid to Treasurer of R. R. Co. $195,284; and cash on hand
Receipts to Dec. 31, 1873—on
cash $11,766
Railway.—The English accountants employed by the
selected by Mr. James McHenry to
investigate the condition of the books and accounts of the Erie
Railway Company, arrived in this city on Tuesday, from Liver¬
$853,780 pool. The gentlemen are Mr. James Glegg, partner in the house
of Quilter, Ball & Co., and Mr. H. Bishop, member of the firm of
Turquand, Young & Co. They are accompanied by Mr. Edward
Jones and Mr. P. T. Duffy, experienced clerks.
$675,195
$838...
FINANCIAL CONDITION AT
CLOSE OF YEAR.
Capital shares, sold to takers of bonds, 85,378—nominally
let mortgage, 8 per cent convertible bonds, secured by an undivided
two-thirds
of the land grant, dated July 1, 1869, and due
July 1, 1894
$5,715,000
Unsecured 8per centbonds, dated Jan.1,1873, and due Jan.
1,1833 (convertible till Jan. 1, 1872)
528,948
1st mortgage 8 per cent bonds of O. & S. W. R. R. Co, as¬
sumed on leasing that road, dated June 1.1872 and due
June 1,1896
1,034,000-7,277,948
Bills payable...
118,228
Earnings since Aug. 1, 1870. $1,388,576, and expenses $829,378
559,198
Receipts from Land Department
195,284
$9,004,488
Total liabilities
Cost of road and equipment
Coupons paid on bonded debt
Cash on hand December 31, 1873
Materials, and Sundries to balance
Total Property
.....about $7,800,000
582,228
145,904
476,356
$9,004,488
and Assetts
“County and precinct bonds,” mostly drawing 10
The Company hold also
per cent interest, voted in
aid of the road, the legality of'some of which is
questioned—amount $412,500.
The Report comains no detailed statement of balances, but gives sufficient
information to make up the above proximate exhibit, which is presumed to
be
nearly accurate.
Burlington & Southwestern.—At a special meeting of the
Burlington, la., over three-fourths of the stock
was represented.
The stockholders voted the issue of preferred
stock for $3,100,000, of which a part will be exchanged for out¬
standing bonds and the remainder used for the road and in settling
stockholders in
the
floating debt.
Cairo & St. Louis Railroad.—A meeting
of the directors of
further
miles, was given to the con¬
They will begin work on the 1st of
June and complete it by the 1st day of November next.
This
portion of the road is nearly all graded ; there is iron enough at
Cairo to lay forty miles of the track, and the ties are upon the
boro to Cairo, a distance of sixty
tractors, H. R. Payson& Co.
line.
Cayuga Lake Railroad.—A suit was tried lately in the Supreme
sought, to restrain the foreCayuga Lake Railroad. The
history of the road and the transactions out of which the litiga¬
tion arose, appear to have been as follows : The road which is I
about forty miles in length, was begun on a nominal capital of
$1,000,000, of which sum, $650,000 was subscribed, and $400,000
actually paid in. A first mortgage for $800,000 was executed 1
Erie
British Erie shareholders and
Geneva & Ithaca.—An agreement of
consolidation has been
the Ithaca & Athens,
made by the directors of this company and
which was to he voted on by the stockholders
special meetings to be held May 9.
dated company will be Geneva, Ithica
at
of both companies
The name of the consoli¬
& Athens.
Jersey City & Albany.—Trains began running over this road
again May 11. It will be operated by the New Jersey Midland
The Rockland County
and worked as a branch of that line,
Journal of last week had an article in regard to the Jersey City
& Albany Railroad, in which it says that though little has been
heard of the road since the panic, arrangements have been
completed whereby all the necessary money is provided for, and
it is believed that within a year the road will be in full operation
to Haverstraw, if land-owners along the line are liberal as to
granting the right of way.
Junction & Breakwater.—It is reported that the Philadelphia
Wilmington & Baltimore Company has purchased a controlling
interest in the stock of this company.
The road is 30 miles
from the end of the Harrington Branch of the Delaware
at
long,
road,
Delaware Bay. There is a
the road to the State of Delaware.
Harrington, Del., to Lewes, on
mortgage of
the Cairo & St. Louis Railroad was held lately at Murphysboro.
An agent of the Amsterdam bondholders of the road was present,
and report of the earnings of the road was made.
A
extension of time for the completion of the road from Murphys¬
Court in this city, in which it was
closeure of a mortgage against the
Company.—The Delaware and
Company has elected the following Board of Man¬
agers : Charles N. Talbot, A. A. Low, Robert Lennox Kennedy,
James L. Halstead, Legrand B. Cannon, James P. Taylor, Thomas
Cornell, Thomas Dickson, John Jackob Astor, Robert M. Olyphant,
George Cabot Ward, J. Pierpont Morgan and W. J. Hoppin.
Officers were elected as tollows : Thomas Dickson, President;
James C. Hartt, Treasurer, and George L. Haight, Secretary.
Hudson Canal
$400,000
on
Keokuk & Des Moines Railway.—
We have the following official statement regarding this newly
organized company:
The road was formerly a part of the Des Moines Valley R. R.
(Keokuk to Des Moines, Iowa, 162 miles), and was newly incor¬
porated January, 1874. The gross earnings have steadily in¬
creased under the new administration, those of March and April
being in excess of the two previous months about 33 1-3 per
cent.
The coupons of $1,848,000 of the authorized issue of
$2,300,000 of first mortgage 7 per cent 30 year bonds have been
funded up to and including April 1, 1876, into ten year 8 per
cent bonds, bearing interest from October 1, 1874.
With the
appropriation of this amount of nett earnings, and the proceeds
of the first mortgage bonds reserved in the Treasury, the road is
being put in good condition. Tlie authorized indebtedness does
not exceed $15,432 per mile, while the original cost of the Des
Moines Valley R. R. (Keokuk to Des Moines, 162 miles) w*a
$6,693,480. About 4,500 tons of new rails and further equip¬
ment have been
provided.
504
THE
HOAD AND
CHRONICLE
the
EQUIPMENT.
Main line laid with track from Keokuk to Des Moines
Second traca and sidings on same
162 miles.
14 miles.
Gauge 4 feet 8% inches; weight of rail, 56 and 60 pounds to the yard; laid with
steel rails in part.
Number of locomotives
Number of cars for passenger trains
8 wheel cars for freight and construction
.
1
16
*
..
15
trains
Operations in March, 1874.
.
Earnings from passengers
Earnings from freight....
Earnings from other sources.
289
$11,543 26
39,103 58
3,612 35
Total for month of March
$57,259 19
Operating expenses and taxes for month
Nett earnings
Capital stock paid up
First mortgage bonds, 7 per cent, due in 1904
Funded interest bonds, 8 per cent, due in 1884
.
Total liabilities
$34,303
22,955
3,924,600
1,895,0*00
258,720
63
56
00
00
00
$6,078,320 00
Director*.—Henry A. Barling, Edward D. Mandell, Aug. Johnson, Tlieo.
Gilman, Robert C. Geer, James Grant, W. C. Nicoll, O. C. Hale, and C.
Seguine Johnson.
Officers.—President and Treasurer, Henry A. Barling; Secretai'y, A. Bridg¬
man.
Principal Office
Fiscal Agency
Keokuk, Iowa.
48 Pine street, New York.
Lehigh Coal & Navigation Company.—The Philadelphia
Inquirer* ays :41 Of Lehigh Navigation 4,300 shares changed bands
(May 13) at from 45£ to 44, closing at the latter price, a decline of
-If. The dividend on the Lehigh Navigation Company will be
due on the 2Gth instant, and its payment
depends on the contin¬
gency of the successful negotiation in London of several millions
of dollars of the bonds of the Honey Brook Coal & Land Com¬
pany, guaranteed by the New Jersey" Central Railroad Company.
If these bonds can be sold in time for the dividend, one will be
declared, and if they are not sold, the dividend will not be
declared until such sale is consummated.”
Lehigh Valley Railroad—Spring Valley Coal Co.—A lease
of part of the property of the Spring Mountain Coal
Company to
the Lehigh Valley Railroad Company from June 1, 1874, till De¬
cember 1, 1884, has been signed by both parties in Philadelphia.
The Lehigh Valley Company are to pay, without
any condi¬
tion or reservation, seven per cent, upon the
capital stock in
semi annual payments. The Spring Mountain Company are also
to receive one-lialf of any profit
realized from the business in
excess of said seven
per cent, on each and every year when made,
the railroad company agreeing not to charge for
transportation
higher rate than is paid by other parties in the same region.
The Spring Mountain Company also reserves
properties and
privileges which will, it is estimated, be made to realize one per
cent, additional dividend annually to the stockholders in addition
to the participation in net profits of the business.
Michigan1 Lake Shore.—D. P. Clay, Receiver for the Michi¬
gan Lake Shore Railroad, has filed liis account in the Clerk’s
any
Office of the United States Court
for the Western District of
Michigan, from which the following items
Cash
on
are
hand
•
Receipts
$8,059 91
72.816 07
Total
Disbursements
Balance
taken:
on
$80,875 98
.
24,970 67
hand
$55,905 31
The
earnings of the road for the month of March were
$7,839 90. Of this amount $4,852 01 was paid out for current
expenses.
New York & Oswego Midland Railroad.—Messrs. A. D.
Mather & Co., bankers, Utica, N. Y„ have issued a circular to the
first mortgage bondholders of the New York & Oswego Midland
Railroad Company, inviting a meeting of such bondholders, or
their representatives, at Utica on the 26tli instant, for the
purpose
of considering and maturing some plan for united action to
pro¬
tect their interests.
They state that they have carefully investi¬
gated the rival and conflicting claims, interests and plans proposed
by various parties and committees looking to the sale of the road
under the first mortgage and a reorganization of a new
company
and they have come to the conclusion that “your securities are in
imminent danger of being greatly depreciated in value, if not
wholly lost, and that their value largely depends upon prompt
concert of action ob our part.”
Pennsylvania RR.—Low Grade.—A new railroad route from
Harrisburg to Pittsburg was opened for business on the 4tli inst.
by the formal inauguration of the Bennett’s Branch or Low
Grade railroad, from Red Bank, a point on the
Alleghany River
to Driftwood, on the line of the
Philadelphia and Erie Railroad
The terminal points of this new road are
upon the waters falling
into the Gulf of Mexico and Chesapeake
Bay respectively. It
crosses the
dividing ridge at the Alleghany Mountains at the
most favorable point, with a grade not
necessarily heavier than
It is contemplated to run the heavy
twenty-six feet to the mile.
freight of the Pennsylvania Railroad
this route instead of
law
State
appertaining
LMay 16, 1874
of
last winter, creating a lien upon
lands
the St. Paul & Pacific Northern Exten.
Receiver Farley has filed specific and general
-
to
sion Lines,
denials with the Governor as
struction and material claims
all
to
the liabilities
for
con¬
filed, amounting to $767 957
including one by DeGraff & Co. for $664,498. Under the’law
claimants must commence suit within sixty days, and if
they
recover, six months after judgment is allowed for payment. This
is expected to carry the matter over till after the
meeting of the
next Legislature.
Failing to secure relief there, the Dutch
bondholder, who claim they have once furnished money for the
payment of these same claims, and expect within a short time to
take full possession of the St. Paul & Pacific lines and
extensions
will abandon building the Brainard Extension, and connect
with
part of the St. Vincent Extension, already completed from the
main line at Breckinridge, thus surrendering the extenson landgrants for the incompleted portion,
The bondholders and Receiver are advised they can hold lands
already acquired on the St. Vincent Extension, for which patents will
soon
issue, and that the De Graff Lien law will be void
as
heir engineers estimate that
sion lines will cost $4,000,000,
to
them.
the completion of the two exten¬
ranking the land accruing thereto
cost $4 an acre, while the connection by way of
Breckinridge,
with Pembina, will require only 92 miles of road, of which 6'i
are now graded.
The United States Senate voted, May 4, to extend for two
years
the grant of land previously made to aid in the construction of
the extension lines of the St. Paul & Pacific RR. in Minnesota.
Samuel J. Tilden of New York and Edmund Rice and Horace
Thompson of St. Paul, Minn., trustees, have filed complaints in
St. Paul against the main and branch lines of the St. Paul and
Pacific Railroad for the
these lines, and securing
purpose
of foreclosing
the appointment of
a
mortgage
on
a receiver.
Selma Rome & Dalton.—The commissioners appointed to
make the foreclosure sale by the Alabama Chancery Court,
give
notice that the sale will be held at Selma, Ala., June 30. The road,
which includes the line from Selma northeast to the Georgia line,
72 miles, will not be sold for less than $1,200,000, of which
$200,000 must be paid on the day of sale. The equipment and
jersoual property will be sold for not less than $510,000, of
which $15,000 must be cash, and the lands for not less than
$250,000, $30,000 down.
The 64 miles of the road in Geor¬
gia are not included in the sale.
Texas & Pacific Railroad—California & Texas Construction
Company.—At the recent special meeting of the stockholders of
the California & Texas Railway Construction Company in Phila
delphia. the resolutions, which were unanimously adopted, were
as
lollows
:
That a committee of three persons, stockholders of this company, be desig¬
nated to take charge of these subscriptions ($1,890,000 yet due from subscrioers to the stock) as they are paid in,
and appropriate and apply the same-
first, to the build.ng of the line from Dallas to Fort Worth, 31 miles 5 second,
to the equipment of the line as now operated ; third, to the extension of the
work from Brookston to Texarkana, 96 miles.
This line, when completed, to entitle the Construction Companv to
$4,445,000 of construction bonds, $1,905,000 of land grant bonds and $3,175,000
of stock, deliverable to said committee as the road may be completed in sec¬
tions of 20 or more miles.
Tha' to raise the fnnds required, said committee be authorized to sell to
the full paid stockholders, or to those who may give the committee security
in such form as maybe satisfactory to them for the full p lyiuent of the
balance of the same on or before the first day of August next, so much of said
ai-sets as may be necessary to secure said funds on the following basis: Con¬
struction bonds, 50 per cent of their par value, with a bonus of 50 per cent in
stock on ihe face of the bonds, and 50 per cent in land g'ant securities.
After the above action was taken the Board of Directors met,
and named Messrs. George B. Roberts of Philadelphia-, Henry G.
Stebbins of New York, and Silas F. Miller of Louisville, Ky., the
committee of stockholders to take charge of the subscriptions.
In accordance with the stockholders* resolutions the committee
now offer to stockholders whose
subscriptions are, or shall be
paid in full, the right to subscribe any time before the 15th of
June next for the construction and land grant bonds and capital
stock issued and to be issued by the Texas and Pacific Railway
the line of road from Dallas to Fort Worth, and
Brookston, in all 127 miles, upon the follow¬
ing terms and conditions : The bonds and stock offered to be
divided into shares, each share to consist of 2000 first mortgage 6
per cent, gold construction bonds, 1000 land grant 7 per cent.
currency bonds and 1000 Texas and Pacific Railway Company full
paid capital stock, each share to be sold for $1,000 in cash, as of
June 1, to be paid in installments as called for, not oitener than
20 per cent, each 30 days. The exact number of shares to be
offered cannot be fixed until it is known how many of the delin¬
quent shareholders will pay their subscriptions in lull previous
Company,
on
from Texarkana to
„
,
„
to the 15th of June.
Walkill Valley.—The first mortgage bondholders have recently
appointed
a
committee for the
dition of affairs and take
purpose
measures to
of examining into the con¬
foreclose the mortgage
and
A circular issued by the
over the present main line.
committee shows that an error is discovered in regard to the issue
Rome Watertown & Ogfdensburg.—Work has been
begun on of the amount per mile of bonds. The first mortgage bonds
a branch line
miles long, from Antwerp, N. Y., to the Dixon amount to $714,400, but “ one of the conditions of these bonds is
iron ore beds.
It is being built by the Northern New York Iron that the amount of first mortgage bonds to be issued is restricted
& Mining Company.
A dispatch from Oswego, May 12, says that to $20,000 per mile of 4 completed road/ In the report to the
by an agreement entered into between the representatives of State Engineers the length of completed road is sworn at thirtythe Lake Ontario Shore Railroad and the Rome Watertown &
Og three miles (of which three miles are double track and sidings);
densburg Company, the latter organization assumes full contro this would authorize the issuing of but $660,000 of first mortgage
and management of the affairs of the former, and will hereafter bonds making an apparent over-issue to the amount of $54,400 to
operate the same. It is expected that the Rome Watertown & be accounted for.”
Ogdensburg Company will take such measures as will insure an
—The recent suit of Musgrave & Co. against the Canada South¬
early completion of the road through to the Niagara River.
ern Railway Company has been discontinued
on terms satisfac¬
St. Paul & Pacific. —The Chicago Tribune says : Under
tory to alb "
over
reorganize the
company
in their behalf.
May 16,
®|)c
505
THE CHRONICLE
1874.]
Exports or treading Articles lroiu Mew York.
The following table,compiledfrom Custom House returns,
the exports of leading articles from the port of New
<£ammercial €imcs.
COMMERCIAL EPITOME.
Friday Night,
May 15, 1874.
shows
York since
January 1,1874, to all the principal foreign countries, and also tne
totals for the last week, and since January 1. The last two lines
show total values, including the value of all other articles besides
those mentioned in the table.
generally pursued a moderate, steady course during
the past week. In a few cases there have been considerable
changes in prices, the result of special influences, but in the gen¬
eral markets steadiness has prevailed. In cotton small supplies
have been met by better weather, and in breadstuffs increased
supplies have been met by an increased demand. To-day, an
advance in gold caused by the passage of another inllation bill
through Congress, led to some renewal of speculation.
Provisions have generally ruled firm, and leading articles of
hog products have had latterly a slight upward tendency. The
export demand has improved a little, and the receipts have fallen
off. Up to last night the business in pork was mainly in new
mess at $17 25 on the spot, and $17 10@17 20 for May and June,
■with extra prime at $14 38@14 50, and prime mess at $15 25@
$15 50. Lard moved moderately at 10I@10£c. for prime steam on
the spot, 10 ll-16c. for June, 10$c. for July, and 11c. for August.
Bacon sold at 9£@9^c. for long clear, and 10@10£c. for short clear.
Pickled and smoked meats have brought very full prices. Beef
has ruled rather more steady, especially the better grades ; but in
butter and cheese the increased receipts caused some weakness in
prices. To-dav, there was in hog products a brisk revival of spec¬
ulation, mainly on Western account, stimulated no doubt by the
renewal of hopes of success to inflation'; new mess pork brought
$17 75 in a jobbing way, and advanced to $17 60@17 65
for June, and $17 80@17 85 for July, and lard was active
at lOfc for June.
Butter, under the influence above stated,
Trade has
declined to 30@32c. for prime
State, and
new
CO
•
—rroo©
• co © co c— co
O'13® ©* CO
C_,
** 5*
Of
©~ ‘ »-i~ 1-T of
f- i-l
5
r-«
5 Of r~f
.
.
.
•
.
.co
i
.
•
.
O
•
•
f
♦-*
r—«
58,446
TP
•©
\
co
°
’
Boxes.
Bags.
Melado.
16,479
4,598
11,886
24,8i'0
159,978215,273
564
1,463
5,004
70,5i3
45.935
petroleum has further declined owing to
sold at the close at 13c.
5
02
•
H O
•
*~- © ©
TT
T?
•
SXi
2 « «
*ao
©
•
©T co
t-
©
»-»
©
©
at
©♦
L—
OS
◄
•
CO ^ ©
V0 i—• t: 2
•
>o
t*
•
•
t— I
• »H
•
03
©
•t-H
»A
.
yt
■
o*
—*
©
taai
*
’
25
©
SO
■
■
■
>
©
•
•0»©
.maun
t- IT QO
© CO c-
• ©
CIH
CO
co
©
©» IA ©
© '.o
>
•
.
co
•
•
l*
.
OOQO
y
e*©
,
m
c-
fH
■© © ©
S
■
.COO©
©
*
•
A as
on
•
'«
•h
—I
.
-
-“I
©
rz
c- o
•
O ©
-TT
$8
:
:
t-i-
t-
r
or ih
co^i*
•
»A
.CO
c* 04 ■O' in
.
*
•
Itt ca
* ©'
i-T
©^253.©.-.co
•
•
tp
TT I-I
—.
a-
T*©»©
■*»< ©
TH
•
IA ©
nH
•
.
—< QO
•
CO
.®JH
.
^
5
o
»A CO © 00
°
.
M o
■
I©
!”?-©8o*
SI
oo2Tf«'r-©)3;oo»Q •©©
•©©—<«—
.r^co
t-
.So
•—I
ro«3o
• -cr © ©co c-^ar.'N;w
e« co t
o* —>
co
^
-
CO
w
<©©co
«
a
•not
11— CO CO
<
IA *-0 CO ©
■
© o
©
.
>»
VO
•
.
VO
iO
•
iri
©
•
•
•
KS
’
cT
aS
.TflOO*A©»-^-.QOlA©»A©
•©© OO CV ©.-<-* v< © c# u?
•
©55 coco
Tj»CO
o‘ L^
-a.' in
tp
■r-i
T* © 0O ©
©
T-t (M
.
.
53 r-'^_
© ?0
CC -H
•d* co
io
w
o©
<>•
as
o
H
£
.
■
•
i-»-(tn ©
■
o*
QO
CO C» OO 0-1
.
© co vn © co©
— ©
t—
55 © QO
.coaoeooo
•
•a--3
0
o
.
•
co ©
,
.
’
00 0* O CO tS<
»A
.
•
’
co"
ci of
eo tt
«f»
t-oo
•
•
■
§q_
oo“ -r"
* "
rr
© •W
• o
.
.-tj«t^^'©'■-«©■>—©
.© o? iA <M i-»r^co
co o
co -h
>
co co t-
©
c5
co
vo
Tfl
ec
y-t
CV
vo
tp n
•
o
t
SB’S
*2°
***S3
•
5
O
05
.
.©T-l
-
3500
•
.QOO
• c. o»
Whh
CC r-1
•
o
>
CO
'
•
.©©^IJA
cc co T-l
00co
o*
•
•
•
•
•
v4
•
•
•
•
tr
•
0^
*
•
.yf 1A
O
©_
©
.
co
.
•
v-l
©
.©
•
L-
.
-»T
•
.
*
.
©
T-
•
.
•
•
.
.
•
:
•
•
•
e* ©
$
*
•
O*
©
.ooo^*
•
•
'©
co
oi
‘».ic r* -V0
ta
•
: : :
:
vo ©
co vo
•£:<?»©
• CO-r O
' tZ
©r-T
t
co
TT ©
S’* *
Of
00
cv
O- H
GC 05
O
©
cr; t—
t-H
•
•
«=
*82
co
•
•
•
•
r-i l-l
.
.
•
•
.00 © O
06©
•
•
•
’T*
CCQQ
00 55
•
•
•
n
•
•
: Cf
jaoeo :
•
•
C£>
:S?S
.
•
•
•
V
•
•
•
•
a
•
•
’
—'©
•
vo vo
©
vo ©
t-
•
•
•
I
.co00
.^>0
•
•
•
0 8*61
*•«
:S5
r-
:
•
•
V
cnoo
•°®a
^
•
■
•
•
•*
•
;
0
—,—,
-o'
^
‘
*
©
r*
tH
o»©
:?S©©o
•.©
•
©t© t-
©^© ©^
<N
co* —r
»-i e*
-w
©
M
•
•
•
•
•
•
•
-
•
•
•
•
•
•
•
•
«
.
•
.
©»
:
•
•
•
©
•
t—
.©
.
*
’©
00
CO ©
VO
•
.
'#
•
:
;
:©c?
J
rl
: :
: :
:§
•
c*"
,
*
CJU
:5 : :
S3
•
:
•
:
%
‘
W
•
cT
*
cc eo
8
^■1
with refined, has
goods quiet. Oils firm, with sales of Men¬
haden at 40ic.; crude sperm in considerable quantity for export at
$1 60, and 500 bbls. Northern whale at 62c.
Kentucky tobacco has been fairly active, and quotations un¬
changed.1 The sales for the week embrace 500 hhds., of which
400 were for export and 100 for consumption. Lugs quoted at
4£<35!c., and leaf at 6£@13c. In seed-leaf there has been a very
quiet market; the only business reported is 652 cases Ohio, at
fe)6£c.; 133 do. Connecticut, at 8c., and 300 do. sundries at 8@40c.
Spanish tobacco sold to the extent of 500 bales Havana, at 77i@
&)c., and 95 do. Java, at 77ic.
CO CO
* t*
o
ia
:
.
-
the large stock
5|@5^c. in bulk for May delivery, and business has
been very quiet.
Rosin has been exceedingly quiet, and prices at
the close were weak at $2 60@2 65 for strained. In spirits tur¬
pentine also there has been a decided decline, and the close is dull
at 39c., with previous business at 38@38Ic.
Hides have been
rather quiet and weak; dry Buenos quoted at 26£<g!26£c., gold.
Leather dull. Whiskey higher, and closes firm at 981c. There
has been quite a good business in wool, and the market remains
about steady. Ohio fleece, 54@55c.; California fall clip, 22@26c.;
spring do. (1874) sold at 32^@37ic. Tallow firmer at 7$@7 13-16c.
for prime country and city. Fish has been more active for all
descriptions at steady prices. Metals have been generally dull
C*
•wtoois^aow^iQH
j ©-d< ^ © c-1- © «
•co©'ii«2?05c-^r©«15 ■T-t-COCiWriOiO ©^
CO
•
,-
CT>
•
speculators ; May delivery
Crude, in sympathy
Si
O*
s
*-©
«©tr
©©
T-nto*
©OO*
C5 QO
© O
-~
:
:
:
•
*
55
^
•
!
:
:S
.AO
.
•
*
■
•
.w
•
*
*§
cn
IH
«
•
•
.©
.
declined to
but firm.
:co©fr--*©ao©o>eoSi?;v5
.
•
‘S *•
WO
o»o
.t-©oi t-© — © —ooeo •
•
*-•
co
<*o
ey ri
©_ •
•
.
•r-i
Liverpool by steam at 9d., and the same rate by sail; flour to
London 2s. 6d. by steam, and 2s. 9d. by sail. A vessel for Ant¬
werp with grain was chartered at 7s. 3d., and this was the nomi¬
nal rate to Cork for orders.
Petroleum charters embraced a ves¬
sel to the Baltic at 6s., and cases to the Mediterranean at 27£c.
Europe and the operations of the
©
•
•
Of
•
.
‘
Layer raisins have advanced to $2 80, but currants have become
quiet at 6£c.. Turkish p-unes firmer at 121c.
Freights have materially declined, especially for berth rates,
the effect of an enormous accumulation of steamer room here.
So much has this been the case that to-day, grain was shipped to
in
-d* ©
.S .£<©-* ••»
© ao
<*%.
.
•
Refined
ao of of
•
©S?o
**
and standard crushed 10£c.
5,413
99,944
©^ac^©
' co
coi-<»naox>©,t-©co© t-^co
rl in L-r-i g* l— C— cy L- nrt
©
TJ-CO
&
s
-VCJ y-,
i-t
coat
©f
TP
factory cheese was
dull, with Rio quoted at 17£@2lc., Java 23@
25c., and Maracaibo 18|@2Hc., gold. The stocks on hand yes¬
terday were 82,360 bags Rio, 67,018 bags of other descriptions,
and 42,288 mats Java and Singapore.
Rice has been generally
quiet, but several hundred bags Rangoon sold at $3 45 per 100
lbs. gold, in bond. Molasses has ruled firm, with sales of 50 test
Cuba Muscavado at 4Hc.
Sugars have been dull, and a part of
the recent advance has been lost, with fair to good refining Cuba
Sales past week
Stock May 14, 1874
Stock May 15, 1873
8
«
Coffee has been
27,812,
r
©r-©<m©coor-<©-i*©*£5-■ t»<©oiae?»wJ-oq>m3eo 5* . t-co
-afoooeo
« CD OiTPO
4) C0r«0
...
k.
c*
oi
2.2
.
Receipts past week
CrT ©O:5iC0O3--i'^T-*CS«OC-*SC”
Ot OO 03 aO
HCON''WW:0
CO o» C” — *— tO* .-I ©O* C-t QO
TT©
T-l
T-l
O ©
OW
.r
—.
r
Hhds.
T-l
•>
quoted at 14@16c.
quoted at 7f@7|c., No. 12 box 8£c,
oT O W V0
t-
CC©ffy®5
.
■
a
|
«
©
,
© —i
:
•©
:©
•
:
:P
.
on
•
•
•
-rr
rl
CO
‘ss
•
883
•COO©
00 vo
'rr'wao
00
.
©
•
©
©
.
;©
.
•
!
i-tT-
-v
©
:S|gi?Sg
^
•
©
.
^
00
^ ^ 00 tE
(?*
T—I
©
CL)
’t*"
*00
rr
VO
©
rl
co
CO
•
■
■cji
:S
•
p
(N
.Of TP
.-cJ»
T7*
.
.
n>
.
•
pi*
si
t-
vo
-a«
•
S ro
•CO CO
©
•
m
•
Tf
•
•
G ©
■v —
v:
t-
©
.'oy
©
©
’
Cf
m*8
CO —I
co
cy
T-S
on©
rj.' CO*
v-l
:S
I—
8
.
0
T-T
:
:S
•
•
CO
©
>©*
•
•
fr ©
•
r-
2
00 ©
© ©
I
vo
iH tji^
cy
©
t-
S3
£
© rj* *5 © to co r-•(
* ^ S .*2 51- S t- it •
.©cw©©^© ;©o5 — ©_?-•© ao ©» ;
ei
t—Ttoc-7 coccTt!©©
.©t-vo^j—
o rr © 2; ©
.
*
East India
co
tVO
©
©
CO
VO V->
; Tfco
T—
T—
«
V
®
<u
n n
"5 "3
55
o o
3 Ih
3
n
®
b
*
2
w
Sr
CO
73
oooopwiz;
88
508
THE "CHRONICLE
[May 16,1874,
Exported to—
Imports of Leading Articles.
The
following’ table, compiled from Custom House return
ihows the foreign imports of leading articles at this port since
Jan. 1,1874, and for the same period of 1873 :
[The quantity is given in packages when not otherwise specified.]
Since
Same
1873
Since
Jan.1/74. time
Jan.1/74.
Q. Brit.
NewOrleans.
10,845
Savannah
Texas
New York...
Other ports*
Earthenware-
Cutlery
China
3,332
Earthenware....
G
10.86)
141.830
8,930
2,833
ass.
Glassware
Glass plate
Buttoust
Coal, tons
Cocoa, bags..
Coffee' bags
523,510
Cotton, bales
605
2,353
7.490
6,296
Drugs, &c—
Bark, Peruvian..
Blea. powders...
12,912
Cochineal
Cream Tartar...
Gambier
1,618
8.489
622
16,162
Gum, Arabic
Indigo
1,530
1,750
Madder
824
328
Oils, ^essential..
£)ils, Olive
Opium
Soda, bi-carb—
844
12.661
437
322
17,700
15,388
13.264
93,130
64,516
Spelter, Tbs
Steel
155.316
320.289
33.585
Irou, RR. bars...
Lead, pigs
3,013
1,433
260,021
2,592.311
87,3^5
Tin, boxes
366,742
444,726
Tin slabs, lbs.... 3,805,15- 2,011,560
15,234 Rags
45,215
36^449
485,911 Sugar, hhds, tcs. &
bbls
259.603
3,434
201,649
Sugar, bxs & bags.
510,562
556,064
Tea
12,200
575,828
640,128
13,502 Tobacco.
34,835
30,203
1,384 Waste
1,332
1,814
68! Wines, &c—
2,192
Champagne, bks.
35,186
69,238
Wines
1,803
43,117
49,752
2,155 Wool, bales
12,087
22,397
303 Articles reported by
10,080
Soda sal
Soda ash
Flax
Furs
.
21,953
229,575
14,576
4,461
2,376
11,184
1,649
1,091
Hardware
6,391
value
—
Cigars
$746,370
Corks
30,204 Fancy goods..
91,805 Fish
24,262 Fruits, &c.—
19,130
326,874
....
85,742
$993,001
32,388
560,995
164,997
4,108
Hair
Lemons...
2,749
319
Gunny cloth
3.642
2,094
.....
1,688
Oranges
NutsT
1,004,736
132.010
S 47,930
531,008
419,560
Raisins
1,454
53,730 Hides, undressed..
1,001,342
1,265
83,592
Hemp, bales
Hides, &c—-
164.259
,
Rice
Bristles
474
23,682
Ivory
Jewelry. &c.—
Jewelry
5,353
25,114
340
India rubber
728
2,706
Hides, dressed..
664
1,082
1,489
341
44y
273,723
36,260
226,484
41,411
Watches
Linseed
Molasses
467,149
5,253.938 5,273,942
318,802
293,177
Spices, &c.—
Cassia
49,639
Noods—
Cork
111,188
35,917
164,531
146,592
Ginger
Pepper
Saltpetre
34,379
56,614
10,171
6,669
92,771
125,507
Logwood
Mahogany
167,004
36,265
227,852
44,294
Fustic
53,472
Receipts of Domestic .^Produce.
The receipts of domestic produce since
the same time 1873, have been as follows
Since
Jan.1/74.
Ashes
pkgs.
Breadstuffs, &c.—
Flour
Wheat
Cora
3,070
bbls. 1,437,292
bush. 10,407,000
6,910,699
Oats
2,863,826
Rye
Barley. &c
Grass” seed. bags.
Beans
Peas
C. ineai
Cotton
bbls.
bu-h.
bbls.
bales.
Hemp
Hide's
bales.
Hops
bales.
No.
Leather.
sides.
Molasses
bbls.
Naval Stores—
Cr. turp. ..bbls.
...
248.816
481.306
34,167
30,949
208.429
91,883
437,734
1,414
239,838
7,419
1,299.992
22,394
:
Same
time 1873
Since
Jan.1/74.
Same
time 1873
70,134
55,919
2,576 Oil cake
pkgs.
Oil, lard....
Peanuts
969,558
.bags.
17,631
99,383
370,633
2,373
321,384
Eggs
Pork
Beef
Lard
Lard
Rice
Starch
Stearine....
.kegs.
pkgs.
5,695 Sugar
972.433 Sugar
183,227
34,212
21,898
1.723
214,938
361,554
196,064
86,073
14,689
242,448
14,634
5,585
123,060
7,745
18 j 30
9.734
173,286
234
681
pkgs.
15,504
16,885
58,186
Tobacco
Tobacco.... hhds.
20,046 Whiskey....
127,757
268,085
138,349
200,250
220,332
80,314
13,688
bbls.
.hhds.
22,369 TaTlow
3,918
48,045
10,235
.pkgs.
...
812
16,745
136,258
Butter
Cheese....
Cutmeats.
763
153,834
1,895,026 Provisions—
2,173,414
2,927.082
2,223
506,426
58,904
18,136
.
6,550
22,920
Spirits turpen...
Rosin
Tar
Pitch
January 1,1874, and for
831
Wool
31.483
89,084
Hogs. .No.
69,886
14,565
bales
Dressed
78,150
31,493
26,801
93,812
106,793
COTTON.
8,617
5,299
8,000
•
1878.
24,761
3,000
2,066
5,93!
2,573
4,491
29,026
10,897
597, IS9
8,617
348,193
85,972
21,061
13,b09
24,387
142,270
128,565
35,000
17,523
2-*,65S
40,429
71/19
85,000
4S.856
825,918
865^2
6,513
2,573
4,l9l
1,670,046
1873.
2,116
2/90
2,345
1,731
13,994
2,450
5,329
582
1874.
24,490
1,873
3,263
STee Rent. 1
Metals, &c.—
week.
Contln’t
1*,873
Total
China, Glass and
France
Mobile
Charleston...
Same
time 1873
Stock.
Totalthls Samew’k
Weekending
"May 15.
48,540
2,615,423
29,088
17 234
2,273,332
The exports this week under the head of “other ports” include
from Balti
424 bales to Liverpool; from Boston 2i7 bales to
Liverpool; from Norfolk
more
to Liverpool; from Port Royai 525 bales to Liverpool.
*
From the foregoing statement, it will be seen
that, compared
with the corresponding week ot‘ last season, there is an
increase in
the exports this week of 184 bales, while the stocks
8,8 .5 bales
to-night are
39,104 bales less than they were at this time a year ago. The
following is our usual table showing tlie movement of cotton at
all the ports from Sept. 1 to May 8, the latest mail dates.
RECEIPTS
Great
1873.
New Orleans
Mobile
Charleston....
.
8avannah
Texas
New York
Coast¬
Florida
No. Carolina
1141,618
.314/60
841,791
579,469
412,516
630,467
354,460
178,116
82:,600
118,543
12,824
48/00
465,594
44,627
.
Virginia
..
Total last year
228,595
41,607
156,960
43,026
29,498
8,633
5*,958
Total.
Ports.
1024,611
116,169
241/42
255,069
32,983
6,995
37,974
35,522
21,792
161/61
217,453
186,114
375,l)tXr
145,915
155,703
173,127
205,457
85,800
409.935
250,932
414,111
12*, 824
Stock,
"Ha
24,179
12,011
28,781
2 ‘,452
182,820
*868
6*326
11,789
65,0 • ;.
41,215
"65
7,233
19,548
19,022
84,t40
440,524
7,6:0
26,000
164!,020”
339,576
586,292
1260,565
360/13
1540,303
225,825
454,556
2220,689 1263,706
889,883
52,619
372,023
47,223
....
....'
There has been
540,947
76,191
11,897
Total this year 3577,671
wise
Other
i
Britain. France. For’gn.
7872.
|
1143,201
287,076
....
Other ports
EXPORTED SINCE SEPT. 1 TO—
StNCB 8KPT.1.
PORTS.
!8S01f943
2566,883~
-
1*548
excited and somewhat
variable, yet on the
decidedly advancing market for cotton on the spot
during the past week. On Saturday, Monday, and Wednesday
quotations were each day marked up £c., and on Wednesday
the “ ordinary ” grade was advanced ^c., putting it to 15c. for all
growths, making a total advance of lc. on this grade from the
previous Friday, and fc. on all other grades, with low middling
uplands at 17£c. To-day there was a further improvement of
£c., with low midling uplands quoted at 18c. The demand early
in the week was mainly for consumption and speculation, but
latterly the business for export and in transit has taken tho lead.
Foreign advices have been favorable to holders, Liverpool report¬
ing an active market at higher prices ; receipts at the ports have
continued small, and the export sufficiently large to effect, in con¬
junction with the increased home demand, a rapid reduction of
stocks on hand. Yesterday the market was less buoyant, and at
one time showed weakness,
but closed firm. The advance to¬
day was mainly the result of reduced offerings, under the in¬
fluence of private foreign accounts, hut the demand was
quite
moderate. For future delivery great activity has prevailed for
the remainder of this crop and the first two months of next
The business has been very large for June and July, at an
crop.
advance nearly equal to that for spot cotton.
There has been
also a large business for August and September at higher rates,
but October and later months have improved very little. The
small receipts at the ports, and the rapidity with which stocks
have been reduced, have been
strongly suggestive of the prac¬
ticability of a “ corner ” for any month of the present crop, and
the “ shorts ” appear to have taken the alarm, and covered their
contracts very freely, but putting them out
again after each con¬
siderable advance.
Wednesday was a day of great excitement.
Yesterday the market was active, but some of the early prices
showed a considerable decline from the highest figures of
Wednesday, and it was not till after ’Change last evening that
the decline was fully recovered.
To-day the opening was tame,
but towards the close there was renewed excitement, especially
for this crop, and a further advance in prices, the advance from
the lowest point this season being 5£
per lb.
At the second call
(2 P. M.) there was a further advance, with sales for July at
18 29-32@18 15-16 ; August at 19 3-16@19 7-32, and September at
18 23-16@18 25-32. After ’Change a still further advance was
established,
sales
18 5-16@18 9-32 ° for
with
at
May,
18 716@18£
for June, 18 31-32
for
July,
18 3-16 for
whole
an
a
Friday, P. M., May 15,1874.
By special telegrams received to-night from the Southern ports
we are in possession of the returns
showing the receipts, exports,
&c., of cotton for the week ending this evening, May 15. It
appears that the total receipts for the seven days have reached
26,284 bales against 24,188 bales last week, 29,829 bales the pre¬
sales for
and
18c.
for
November. The total
vious week and 32,080 bales three weeks since, making the total October,
forward delivery for the week are 197,100 bales, including—receipts since the first of September, 1873, 3,603,955 bales against free on board. For
immediate delivery the total sales foot up
3,342,974 bales for the same period of 1872-73, showing an in¬
this week 13,207 bales, including 3,279 for for export, 6,991 for
crease since September 1, 1873, of 260,981 bales.
The details of
Of the
the receipts for this week (as per telegraph) and for the corres¬ consumption, 2,026 for speculation, and 911 in transit.
above,
bales were to arrive. The following are the closing
ponding weeks of the five previous years are as follows :
quotations
Received this week at—
2$ew
Orleans
Mobile ...i
Charleston
Savannah
Texas
Tennessee, &c...
Florida
North Carolina
Norfolk
Total this week
Total since Sept. 1
bales.
1874.
6,S33
1,368
6,645
2,165
2,773
3,201,
27
193
1873.
.
1872.
1871.
1870.
11,060
3,8-6
2,999
6,641
15,928
6,570
3,524
809
3,507
4,322
2,318
1,308
2,“76
294
16,538
4,782
3,542
4,722
6/07
5,3‘>6
2,564
6,218
3,202
26
3j0
31
297
51
589
155
793
:
Upland and
1869.
5,6^0
2,458
2,714
4,985
1,126
4,d64
-
8,272
13
193
3,054
4,710
1,238
2,518
2,504
1,821
26,284
41,031
15/87
45,067
S3,286
,.j?er Jb.
Middling
20%®...
.
15%®....
n%®....
n%@....
i>-%@....
19
15%®....
15%®....
17%®....
17%®;...
17 13-16
P%®....
17 13-16
18%®....
19%®....
2 %@....
@....
20%®....
1
Texas.
19>,@...»
20%®....
Below we give the sales of spot and transit cotton and price of
Uplands at this market each day of the past week :
SALES.
Con-
Exp’t.
®....
17%@....
18 ®...
18%@....
Good Middling
2,002,179
The exports for the week ending this,evening reach a total of
48,540 bales, of which 28,026 were to Great Britain, 8,617 to
France, and 10,897 to rest of the Continent, while the stocks as
made up this evening, are now 325,978 bales.
Below are the
exports and stocks for the week, and also for the corresponding
week of last season:
15%®...
17
22,197
3,603,955 3,342,974 2,615.595 3,715,454 2,674,933
Ordinary
Good Ordinary
Strict Good Ordinary..^.
Low Middling
New
Orleans.
Mobile.
Florida.
Saturday
495
534
394
456
900
500
Monday
Tuesday
Wednesday
Thursday
Friday
8pec-
sump. ula’n
1,335
1,803
8,279
PKIOKB.
Tran¬
sit.
500
707
880
*161
730
9.0
*1*14
*750
6,991
2,026
884
1,269
Good
Total.
2,330
/3,205
1.658
325
1,725
2,494
1,795
Low
14%
14%
14%
15
15
15%
16%
16%
16%
16%
16%
17
17%
17%
17%
17%
17%
18
"
Total
911
13,207
Mid
Ord’ry. Ord’ry. Midl’g. dling
....
....
....
oo
oo
qo
oo
oo
ao
^RiTl
• :
boardi
forward delivery tlie sales (including — free on
.frpaclied during the week 197,100 bales (all low middling
TTnr
.
02.1
0 3.7
the
For
May.
m
...1731-32
1, >0)
18
L8 )0....
....18 1 32
701
....18 1-16
2,3 <9
...18 3-42
U03
!8*
6,630 ....
2,590.... ...18 5-32
.=i. 18 3-16
7,20)
....18 7-32
8,6 >0
.18*
1,303...,.
...18 9-32
1.80)
....18 5-16
4,30)....
903 .-... ...1811-32
600
'8*
'
.n ivra
8K).
17*
17 17-34
1.401).
2.30D-
9 16
200.
2.60)-:::::::^
,
bales.
cts.
bales.
...18 11-16
6.70)
4.0 )0,... ...18 21-32
13*
4.0 M)
800
....13 25-32
.IS 13-15
100
eta.
bales.
5 >0.... ...17 23-32
...17 15 16
1 330
cts
.....
1,900
300
400
...
....
2,400
18 17-32
800
200
18 9-16
18 19-32
.
18*
..IS 29-33
...18 15-16
1,000...
47,700 total July.
For August.
...18 13-32
500
300
....18 7-16
99)
is*
2Ws.n....l72i-g
1
•
......
503....
too...17 27-32
700
80.9J0 total
3oo::::....n si-32
2,400
v«i
8,0*0
100
100
100
1
i
Jane.
1^*
1,200,... ....18 13-32
...18 7-16
500....
..18 15-32
100....
is*
1.60)....
203.... ....1017-32
L*
17 H-16
17*
8 300
For October.
2,030
1,700
600./..
23-32
II-I5
17 2 <-32
6.000........ J7
17
7,600
17 15-16
..17 31-32
18 9-16
..
18
18 1-32
18 1-16
8.200 total Oct.
19 1-16
13 3 32
19 3-16
19 7-32
13,400 total Aug.
600.... ....18 19-32
3.300
17*
17 29-32
500
1.200
700
400....
For November.
800
'...17*
For December.
400
'..17 11-16
2M)
17 23-32
17*
.
««»
m.
19 1-32
200....
800....
100....
500...
200....
100....
-
18 9-32
13 5-16
18X1
18 21-32
13 11-18
18 23-32
13 25-32
18 13-16
1,7‘JO
...
...
1,100....
17 21-82
*903
i’S)
18*
13*
IS 13-16
...IS 27-32
18 23-32
1,000....
1.803... ...13 15-16
1.100-... ...18 31-32
19
4,700....
For July.
300... ....18 3-32
18 5-32
803....
18 3-16
900....
18 7-32
300....
l.iiUO....
3,9'KJ....
.r.
290
June.
5,500....
2,60).... ....18 11-32
26]90J total May
For
800....
2,600
IV
}-32
13 1-1«
13 3-g
••*o8<b
13 9-32
2 000
1,300
2t)rt
....17 15-1 i !
R00
18 13-32
....18 7-16
...
..
800
500
200
100
200
13 X
11.8J0 total Sept.
....IS 9-H
...18 19-32
1.600
18 7-10
13 15-32
—
......
ets.
200
600
200
...
...
l’So’"*’-”*17 23'3J
u*
o
middling), and the following is a statement o
basis of low
For September.
189 32
18 5-16
....18 11-3?
1,400....
101...
600
...
100
m
100
200
17 25-32
17 13-16
17 27-32
17*
16*
600.... ....IS 13-33
2,300...
,...18 21-32
2,400 total Dec.
6.300
1'K 5,000..'..
will show the closing prices each day on the
The following
basis of low middling uplands, for the several deliveries named:
Tues.
Wed.
Thurs.
Fri.
Mon.
m—
Fri.
Sat.
"rrT‘J
"’*■—
18
17*
17*
'
17*
17*
17*
On spot
17
18 1-32
18 1-16
17 23-32
17 17-32
18*
n*
May;
?7*
18 7-32
18 7-32
18 7-16
17 31-32
17*
o
June
*7 2. 3„
17*
18 7-32
18 5-16
August
Is
IS*
October rV:.V.
18*
18*
17
December..'.”.*.
Gold
Exchange
£»
18 9-32
17 15-16
...
lt‘2*
4 86
1,397
507
THE CHRONICLE.
16,1874.]
May
112*
4.86
2,330
17*
17*
1>*
1**
112*
112*
4.86
4.86
11-16
15-16
7-16
18*
18*
18*
18*
18
18
18
17
17 11-16
112*
4.85 *
1,658
1713-16
112*
4.85*
31-32
18 11-16
18 81-32
18 9-16
18
112*
4.85*
18*
19 3-32
18 23-32
18 1-32
18
n*
112*
4.86
Ott-Trumpler the entire takings by Continental
spinners of
American cotton last year were 669,000 bales, and he estimated
that with these takings their stock had neither increased nor de¬
creased,
so
that this total, according to his belief, just about
measured their consumption of the American staple; and yet
here we have an increased supply already (with, we think, about
as much to go forward the balance of the year as for the same
time last year) of 303,000 bales over last years’ supply up to this
time, and 315,000 bales in excess of their entire consuption of
In other words, if not another bale of
shipped after May 1st to tlie Continent this
year of 1874, they would still be able to consume just as much as
they did last year and have on hand next December in the ports
and with spinners, stock of American to the amount of 315,000
American last year.
American cotton was
bales.
Nor
can it be supposed that continental spinners are taking
largely to American cotton and giving up other descriptions, for
we have seen above that they are supplying themselves with un¬
usual amounts of the India staple, and, according to their takings
from Liverpool, are increasing their demand for the growth of
every other country.
And besides this, there is another quite re¬
markable fact, which-’ is, that a considerable portion of this i&
going directly to spinners, and does not appear in our visible sup¬
ply after it reaches the Continent. That this is more decidedly
the case than last year may be seen from the fact that although
the supply for the Continent of American up to May 1st was, as
stated above, 984,288 bales against 681,059 bales for the same time
of 1873 (an increase fof 303,000 bales), yet the continental stock
and afloat of American May 1st this year was only 534,000 bales,
against 391,000 bales May 1,1873 (143,000 bales increase), showing,
therefore, that 160,000 bales more has gone out of sight during
the four months of 1874 than during the same period of the pre¬
vious year.
But it will most
likely be said that the Continental spinners
all kinds of cotton. Is this
probable? We have frequently shown in our editorial columns
by figures and facts taken from Continental papers that business
there, as well as throughout England, was in a very quiesent
state.
This, however, our readers well know through their own
correspondents, for the fact is beyond dispute that trade is stag,
are
increasing their consumption of
nant and
the world in
general is economizing.
In this connection)
following comparison (taken from the London Economist of
36,500
36,000
43,700
36,900
Sales future... 24,700
18,900
36,500
May 2) of the advances on securities made at the present time and
For the remainder of the season, and till the 15tli of September, at the corresponding date last year by the principal European
banks will be of interest. These are the figures for the middle
the New York Cotton Exchange will close at 3 P. M,
of April:
Weather Reports by Telegraph.—There has been a very
1874.
1873.
Decrease.
decided improvement in the weather the past week throughout
Bank of England.... £33,024,000
£40,019,000
£6,995,000
the South, but not everywhere a corresponding improvement in
Bank of France
76,298,000
90,084,000
13,786,000
the reports with regard to the crop.
This is natural, for where Bank of Prussia
24,179,000
11,782,000
35,961,000
the ground was so very wet before, the present dry time bakes
Austrian Nat’l Bank.
18,769,000
231,000
18,538,000
it, and raises apprehensions that the seed will not germinate. A Bank of
Belgium
9,716,000
10,954,000
1,238,000
few showers now, however, would change all this, and make the
prospect everywhere more cheering. Rapid progress in planting
Total.
£195,787,000
.£161,755,000
£34,032,000
has been made during the week, and over a considerable section
According to this summary the aggregate advances of the
the seed is all in.
It has been warm and dry during the entire
above banks have been reduced iu the twelvemonth from
week at Galveston, and our correspondent adds that crop accounts
£195,787,000 to £161,755,000, or £34,032.000, which is at tlie rate
are improving.
There has been no rain at Shreveport, and the of
17£ per cent. This is an immense contraction of business, and
weather has been hot; the ground is baked, aud cotton stands are
as
the Economist says, helps to explain in a striking way one of
poor.
At Nashville*it has teen warm and dry. They have also the causes of the singular ease of money which is now felt
had warm weather and no rain at Memphis ; all the lands not
overflown have now been planted, but they need rain ; total throughout Europe, viz., the great falling off in demand through
the slackness of trade.
Would it, therefore, under such circum¬
decline of river is now eight inches. At New Orleans the weather
stances be wise to rest on the supposition that the continental
has been warm and dry all the week.
There has been no rain
during the week at Mobile, nor at Selma ; our Selma correspon¬ spinners are increasing their consumption of cotton ? »
On the contrary, we conclude that in forecasting tlie future we
dent adds that planting is about completed in that section. At
must make this fact one element in our problem (which was for¬
Montgomery they had a little rain on one day, the rainfall reach
ing only two one-hundredths of an inch ; the rest of the week has gotten by too many in 1870-71), viz., that spinners have taken and
are taking advantage of the low prices of cotton to stock up, and;
been pleasant and warm, and planting is making good progress ;
it we shall have a small crop next year they may, perhaps, again
crop prospects are more favorable. There was also a very light
rain on one day at Atlanta, and the. rest of the week pleasant, disappoint our calculations in being able to run on that stock, and
not buy as largely as anticipated.
the rainfall being six hundredths of an inch ; in this vicinity less
Our Visible Supply Table.—We have this week
cotton and more corn will be planted.
ceived
At Macon it has rained on
the following letter. The explanation asked for lias heretofore
two days, and at Columbus it was showery on one day.
There
has been light rain at Augusta on two days, the rest of the week been several times asked for by others and given prJ'vately • this
it may be
being pleasant, the rainfall reaching twenty-three hundredths of time we publish the letter and answer, thinking
desirable to do so, as still others among our readers may not
an inch; less cotton and more corn is planted in this vicinity this
^
year. The thermometer at Galveston has averaged 74, at Shreve¬ understand the reason for the difference refer .e(j to
port, 85; Nashville, 75 ; New Orleans, 72; Memphis, 74 ; Mobile, Messrs. William B. Dana &
May 11, 1874.
Co., New York:
72; Selma, 73; Montgomery, 77; Columbus, 75; Atlanta, 78;
the visible supply of cotton
made up in last issue (May 9, le74) we notice
Macon, 77 ; Savannah, 68; Augusta, 69.
you give the tot£[ for 1873 nt
Sales spot
3,205
3,205
3,725
2,491
1,795
24,400
the
Baltimore,
Continental Consumption of CoTTon.—Since this year
opened, the movement of cotton to the Continent of Europe has
been very free. As to India cotton, our weekly Bombay advices
have shown this, the exports to the Continent from Bombay,
reported by our cable dispatch, up to last week Thurs:
day being 255,000 bales, against 121,000 for the same month
of 1873, while the exports from Great Britain (other than
American) for the same time, have been 111,999 bales,
against 61,072 bales last year. The American movement has
been equally rapid and the Continental supply of American
cotton during the four months ending May 1st, has been unusu¬
ally large, as may be seen from the following statement:
as
American Cotton.
In
eight....) In stock
January 1.. ) Afloat
Exported
Jan. 1
1374.
85,000
177,000
from U. S. to Continent from
to
May 1
Exported from Great Britain to Continent.
678,988
45,800
984,288
Very truly yours,
We think our corresponde ^g
plainly the difficulty lie ha^,
at once to the
1. In last
met
explanation
year’s CHP.oinCLE
London from mail re
ports,
the India afloat is 'made
lease
explain this to
us.
question is clear, bringing out
with, and we therefore proceed
the India
afloat
was
and cabled from there to
made up at
this year
us ;
up at Liverpool from telegraph reports
(the figures being brought dowu to Thursday night) and cabled
to us rnday.
The result of this change is to increase consider¬
ably the amount afloat, so that our visible supply of May 10,
1873.
1874, showed (for May 10, 1873) 466,000 bales of India afloat,
99,000 whereas in the visible supply of May 10, 1873, the India afloat
199,000 was given at 420,000 bales.
2. In our table during 1873 we did not
pretend to give the
338,037 stock, or the American afloat, for all Continental ports, but only
45,022 for certain specified ports, all that could then be obtained ; now,
the Continental figures include many other
ports. The result is*
081,059 that the total Continental stocks reported in Chronicle of May
According to llj 1878, was (you will will find if you add them together)
458,250 bales, and the American afloat was 256,250 bales,
East Indian, Brazil, dc.—
Liverpool stock
548,000
165,500
330,000
474,COO
67,000
105,000
Egypt, Brazil, &c., afloat
.
,
,
Brazil, &c...
May 10, 1873.
420,000
256,250
458;250
466,000
384,000
555,000
105,000
none
329,000
555,000
115,000
1.323,500
1,454.500
1,615,364
1,404,1*44
1.773,000
1,033.503
2,853,624
2,806,503
8%d.
ll*d.
cotton in sight to-
..bales. 2,938,864
Total visible supply
Price Middling Uplands,
Liverpool
8%d.
These figures indicate an increase in the
,
India afloat
American afloat
Continental stocks
afloat from Egypt,
.
Total East India, &c
Total American
Chronicle
May 9,1874.
205,750
,
India afloat for Europe
Egypt, Brazil, &c.;” this year we do, and you will find 105,000
hales added for that item in last Saturday’s issue. There is also
one
other difference: last year we added the United States
•exports for the week (57,058 bales),and now we only add Friday’s
exports (8,000 bales), and hence 49,058 bales should be deducted.
Making these changes, what result do we reach :
Chronicle
380,000
143,750
Continental stocks
“
Figures for 1873.
359,000
London stock
whereas
last Saturday (May 10, 1374) we gave the Continental stocks for
1873 at 555,000 bales, and the American afloat at 384,000 bales.
3. Finally, during 1873 we did not give the amount afloat from
Total
Total
Total
Total
[Hay i6,1874.
THE CHRONICLE,
508
night of, 80,240 bales as compared with the same date of 1873
an increase ot 132,356 bales as compared with the correspond*,
ing date of 1872.
and
Ports.—Below
Movements of Cotton at TnE Interior
reported.
we
give the movements of cotton at the interior ports—receipts and
shipments for the week, and stock to-night and for the correspond1,135,500 ing week of 1873 :
Totals
1,510,000
,-Week ending May 15,1874—*WWeek ending May 16,1873.
Here we see that the 1873 column was thus increased in 1874
Receipts. Shipments. Stock. Receipts. Shipments. Stock,
894
1,117 13,963
1,312 10,334
by 374,500 bales. Now if we deduct the 49,058 bales United Augusta
436
States exports for the week as stated above, the result will be Columbus
117
714
3,908
171
1,442
6,652
that the 325,442 bales, as given by our correspondent, will be
85
942
854
3,910
Macon........
461
6,022
846
209
560
1,073
precisely accounted for.
4,751
Montgomery ..
228
We will simply add that the comparison given in 1873 was
278
184
597
3,482
Selma
250
1,410
8.040
entirely correct, but that the comparisou given in 1874 is more Memphis*
6,024
4,998 30,000
33,719
3,306
557
1,014
satisfactory because it goes farther. It is not at all unlikely that Nashville
7,050
1,775 10,154
1,917
next year there will be other Continental ports obtainable ; if so,
we shall certainly procure them for the readers of the Chronicle
Total, old... 5,409
11,452 63,386
8,527 13,940 73,042
and place them in our visible supply.
722
884
1,889
1,617
1,212
2,909
Bombay Shipments.—According to our cable despatch received Shreveport....
290
350
471
1G1
Atlanta
1,223
1,337
to-day, there have been 30,000 bales shipped from Bombay to
919
781
681
805
9,794
4,384
St. Louis
Great Britain the past week and 7,000 bales to the Continent,
3,157
3,191 13,737
3,709 11,819
4,003
while the receipts at Bombay during the same time have been Cincinnati
68,000 bales. The movement since the 1st of January is as
4,950
5,673 22,367
6,428 24,730
Total, new.. 5,853
follows. These are the figures of W. Nicol & Co., of Bombay,
.
'
....
and
are
brought down to Thursday, May 14 :
Great
Britain.
1874..
1878..
1872..
...
...
...
7,000
12,0 )0
12,000
30.(00
20 000
20,000
37,000
32,000
Great
ConBritain. tinent
4 S9.000 262,000
421,000 133,000
Total.
751 000
32,000
416,000
607,000
Continent. Total.
554,000
191,000
This
week.
68,000
£4,000
23,000
Since
964.000
757,000
688,000
foregoing it would appear that compared with last
year there is an increase ot 5,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total move¬
ment since January 1 shows an increase in shipments of 197,000
bales compared with the corresponding period of 1873.
Gunny Bags, Bagging, &c.—Gunny hags are dull and quite
nominal at 12£c.@12£c.
There has been rather more in¬
quiry for cloth for spot and future delivery, and the tone
is steadier at the close.
We quote 12c.@12£c. for domestic rolls ;
12c. for Borneo, and 9£c. for native Calcutta. The sales reported
are 1,600 rolls for prompt delivery at 12£c., and 1,500 rolls for fu.
ture delivery at 13£c.
Jute butts have been in rather better de¬
mand of late, and arrivals are taken freely.
Sales are: 1,850
bales at 2£c., cash and time; 600 bales in Boston at 2jjc., and 100
From the
bales here at
2£c.
Cable and Tele¬
graph.—Below we give our table of visible supply, as made up
by cable and telegraph to-night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence to make the totals the
complete figures for to night (May 15), we add the item of exports
from the United States, including in it the exports of Friday
1874.
1873.
Stock at Liverpool
772.000
746.000
Stock at London...
143,750
165,500
915,750
Stock at Havre
911.500
136.750
Total Great Britain stock
143,000
16,000
Stock at Marseilles
11,250
Stock at Barcelona
71,500
21,250
Hamburg
68.000
36,000
54,000
83,000
33,000
37.750
Stock at Bremen
Stock at Rotterdam
76,250
30,750
Stock at Antwerp
Stock at other continental ports
17,250
47,000
Stock at Amsterdam
".
The above totals show that the old interior stocks have decreased
during the week 6,035 bales, and are to-nigbt 9,656 bales lest
449,150
stocks.afloat for Europe
Total European
American cotton afloat for
weeks; also the total exports,
Sept. 1, 1873; and in the last column the
period of previous year.
direction for each of the last four
and direction since
total for the
same
1,461 000
Apl.
May
May
22.
29.
6.
time
prev.
year.
13.
12,639
10;804
12,639
10,804
378,553
2,573
6.834
6,834
396,494
530
Other British Ports
Total to Gt, Britain
378,553
397,024
6,932
2,573
4,518
494
Havre
1,701
Other French ports
Total French
Bremen and Hanover
8,633
453
4,518
19,545
4,043
17,182
494
342
Hamburg
-
•
•
•
•
•
•
•
•
....
'542
7,324
26,826
Spain,Oporto&Glbraltar&c
29,154.
25
....
....
2,647
16.000
Spain, &c
•
13,5*6
Grand Total
The
following
are
....
....
.
6,834
11.688
2,741
2,672
All others
Total
4.648
3,238
884
453
Total to N. Europe.
69,000
26,000
20,000
2,741
433.4
416 684
2,573
York. Boston
Sent. 1/73
the receipts of cotton at New
Philadelphia and Baltimore for the last week, and since
84,000
rkoe’ts promThis
week.
Since
Sept 1.
Since
This
BALTIMORE.
PHILADELPHIA
BOSTON.
new tork.
6,000
33,000
50,000
New Orleans..
487,000
Tatar
Savannah
1.589.000
474.000
555.0P0
6T,000
105,000
325,978
365,082
73,042
7,000
63,386
1,000
2,349
542
583
week. Sept.1.
88,767
41,411
128.517
This
week.
Since
This
Since
Sept.l.
week.
Sept.1.
....
1,919
2,902
10,^50
39,340
1,832
9,050
12
Virginia
1,018
North’rn Ports
292
22,842
242,527
11,330
Tennessee, &c
2.576
64
180,692
1,496
45
•
•
96
13,502
9,511
125,320
Foreign
32 375
17
Florida
S’th Carolina.
N’th Carolina.
36,438
3,000
1,308
5,212
Mobile
268,000
115,000
240,070
•
808
•
•
•
19,590
•
•
•
•
•
•
71.035
-
•
•
•
•
-
•
•
81,941
•
838
946
25
•
•
22,093
32
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
245
237
7,076
...
•
....
14,136
...
’421
4,636
447
....
'
176
7,675
15,836
59,909
....
_
2,806,508
Total this year
9.355
848,211
3,925 286,767
221
34,996
1,002 102,065
totals ot American and other descriptions are as follows.
Total last year.
11.637
776.800
5,391 299,219
730
44.821
1,516 92.483
2,938,864
Conti nental stocks
568,000
Europe
United States stock
United States interior stocks....
United States expoits to-day...
Same
Total
to
date.
EXPORTED TO
Apl.
1ST
•
WEEK ENDING
1,102.000
183.000
373,000
Liverpool stock
Total American
York »tnce
fro»n
Evportii of
877,000
225,000
543.000
supply
American afloat to
York show a
reaching 2,573
bales, against 6,834 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
1872.
568.000
Europe
Egypt, Brazils, &c., afloat for Europe....
Of the above, the
American-
550,000
1,865,500
..
8tock in United States ports
Stock in United States interior ports
United States exports to-day
Total visible
86,000
have been 3,118
than at the samepeiioi last year. The receipts
bales less than the same week last year.
The exports ol cotton this week from New
decrease as compared with last week, the total
t
Total continental stocks
India cotton
31,000
95,409
of stock.
Other ports
only.
19,613
ninety-eight bales were added to receipts discovered
Three hundred and
on re-count
Liverpool
Visible Supply op Cotton as Made up by
StocK at
*
Jan. 1.
13,477
88,116
17,880
Total, all... 11,283
.—Shipments since Jan. 1—* ,—Receipts.—»
.—Shipments this week—*
.
...
325 978
2,858,024
366,000
2*20,000
373,000
335,082
73.042
7,000
1,404,124
328,000
158,000
268,000
240,070
36,433
8,000
i
Shipping News.—The exports of cotton from the United State!
the past week, as per latest mail returns, have
bales. So far as tbe Southern ports are concerned, these are
reached 49,369
tie
reported by telegraph, and published in The Chron¬
Galveston, and the figures for that port
are the exports for two weeks back.
With regard to New York,
we include the manifest! of all vessels cleared up to Wednesday
1,033,508 »night of this week;
same
exports
icle
last Friday, except
Total bales,
v^rk—To
NB
Liverpool, per steamers Celtic, 423
BREADSTUFFS.
..City of Brus-
...Algeria, 194.... The Queen, 878.... Wyoming,
sels, 837
52
Friday P. M.,
..
2,573
Liverpool, per steamers Andean, 1,908—Jose,
1 inn
Oberon, 1,450....per ships Genevieve Strickland, 4,103
perbark Sirio, 1847
To Cork, per bark Finn, 1,206..
To Cronstadt, per bark Uman, 1,012
To Revel, per ship Ellen Southard, 2,893
To Genoa, per bark Volunteer, 1,210
10,468
1,206
1,012
cTrleaiis—To
’
2,893
1,210
ships Star of India, 4,670....Ronochan,
To Liverpool, per
Mobile
3 654.../’darttcston—To Liverpool, per ship
8,324
Freedom, 2,730 Upland and 239
4,225
Island
per bark Hellas. 1,208 Upland and 48 Sea Island —
havavnau—1To Liverpool, per barks Rene, 1,084 Upland... James
Augusta, 2,402 Upland.
Peake, 1,943 Upland
To Narva, per bark Carl Georg, 1,060 Upland
a
To Barcelona, per bark Olimpia, 1,000 Upland
'TsnrAS-'To Liverpool, per ship Tyro, 2,390
To Havre, per bark Glenralloch, 1714
5,332
269
483
50
—
49,369
Total.
The
particulars of those shipments, arranged in our usual
form
follows:
2,573
.10,468 1,205
8,324
4,225
5,429
Mobile.....
Charleston
Savannah
Texas
2,390
Norfolk
5,332
483
50
Boston
Philadelphia
...
1,012 2,893
2,573
16,789
8,324
4,225
1,210
.
7,489
1,000
1,060
4,104
5,332
1,714
483
50
—
1,2C6
39,274
Total
Total
Cork. Havre, stadt. Revel, va.
pool.
New York
New Orleans
Nar- Barce- GeIona, noa
Cron-
Liver-
1,012 2,893
1,714
1,060
1,000
1,210 49,369
give ali news received, during the week, of disasters
vessels carrying cotton from United States ports:
Below
to
1,000
223 —
per bark Manfred, 64
Philadelphia—To Liverpool, per steamer Indiana, 50
ire as
5,429
1,060
2,390
1,714
Norfolk—To Liverpool, per steamers Egypt, 2,574—Bolivar,
per ship Laurens, 2,535
Boston—To Liverpool, per steamers Batavia, 150
Marathon,
we
The fire in the hold of the steamship Ohio, from Philadelphia, at Liver¬
pool, was extinguished May 7. The cargo was much damaged.
AbbyRyerson (Br.), ship, from Mobile for Koval, before reported as ashore
at Nyhamn was got off and towed to Nivaa, April 23, in a sinking condi¬
tion, with all mast cut away and probably full of water. She discharged
her cargo into steamers and it was taken to Elsinore.
Chas. A. Farwell, ship, from Savannah for Reval, which broke up April 18,
at Anholt, had about 70 bales cotton in her hold, which was sold.
Steamer Criterion had arrived at Elsinore, April 26 from Pillau, to take
in the wet part of the cotton.
Araminta. The salvage in the case of bark Araminta, (Br.,) Mosher, from
Savannah for Liverpool, was settled at Bermuda April 29, and the amount
Ohio.
£4,200, or about 20 per cent was awarded for saving 1,900 bales cotton
lighters and the ship with balance of cargo. Tug Clover was paid
£500 by special agreement. The Araminta was on the marine slip May
6 repairing.
She was found to be considerably damaged, and it is esti¬
mated that the expenses on the ship and cargo will be £11,000.
Seaward, (Br.,) bark, from Savannah, which arrived at Narva, April 26, had
part of cargo damaged by sea W'ater.
Cotton freights the past week have been as follows :
of
in
Liverpool.
/
d.s
Saturday..
Monday...
Tuesday...
Wedn’day.
Thursday.
Friday,...
\
Sail.
d.
Steam.
c.
X®....
&©....
M©....
&©....
M©....
....©...
3-16©...
X®..
3-16©...
•
Havre.
Steam. Sail.
1
1
c.
1
c.
X
X
%
X
X
1
c
Bremen. -v
Steam. Sail.
%
1
1
X®X©..
X®..
X®..
x®.
X©--
—
Hamburg.
c.
c.
%comp.
X comp.
% comp.
%comp.
%coirp.
%comp.
>
Sail.
Steam.
c.
1©..
1©..
1©
1©..
1©..
1@..
.
X
X
X
X
X
X
Liverpool, May 15—3:30 P. M.—By Cable from Liver¬
opened quiet and steady and closed quieter to¬
day. Sales of the day were 15,000 bales, of which 3,000 hales
were for
export and speculation. Of to-day’s sales 6,000 bales
were American.
The weekly movement is given as follows :
pool—The market
Apl. 24.
May 1.
75,000
7,000
14.000
10,000
8ales of the week
bales. 102,600
of which exporters took
10,000
of which speculators took
Tota stock
of which American
Total import of the week..
of which American..
787,000
440,000
71,000
47,000
Actual export
804,000
422,000
85,000
20,000
May 8.
73,000
6,000
6,000
781,000
413,080
47,000
27,000
10,000
7,000
Amount afloat
of which American
...
10,000
552,000
296,000
615,000
674,000
261,000
275,000
May 15.
142,000
12,000
40,000
772,000
412,000
89,000
48,000
8,000
672,000
272.000
following table will show the daily closing prices of cotton for the week
Mon.
Satur. •
Tucs.
Wcdnes. Thurs.
Fri.
@8X
.©8X
8%ms/a ....©8% . .©8%
Mid’gUplands8%mX
:tdo Orleans. 8X@8^ ••'•@3^
8%@8X ....©8X ....©8X
... msA
...
the past week, at
prices sliowing*no important change. The demand has been
mainly lor export, and shipping extras have brought rather moro
money.
For several days past many thousand barrels have been
taken daily for shipment at $6 35@$6 69, with choice at $6 75
and common at $6 15@$6 20.
Supers have beeu selling mode/
rately, and some large lines of medium extras have been sold at
$7 25@$7 50 ; but, except in the regular shipping.brands, the in¬
creased business has been the result of concessions to buyers of
#
large parcels, in order to facilitate the closing out of stocks. Good
to choice family flours have been sold at $8(a$9 50.
Rye flour
has become dull, but corn meal has been firm and active.
To-day
there was a good business in lines of shipping extras at $6 40@
$6 60, but the general market was dull.
The wheat market has further declined, but the reduction in
prices is slight. The supplies have been very large, as will be
noted in our statistics of receipts for the week, but a great pro¬
portion of the receipts were sold previous to arrival, and going
directly alongside vessels waiting for them, did not come upon
the market. A decline in freights by the steamers on the hertli
fer British ports has served to check the downward course of
prices ; but yesterday the principal business was at $1 49@1 50
for No. 2 Chicago, $1 53@1 54 for No. 2 Milwaukee, and $1 57@
1 59 for No. 1 spring, including boat loads of No. 1 Milwaukee
at $1 58.
Car lots of the corresponding grades sold one or two
cents a bushel under the prices for boat loads.
A considerable
business has been done in Canada wheat in bond at $1 56@1 57
for club, $1 61@1 63 for red winter, and $1 66@1 67 for white.
For future delivery prices have been weak ; No. 2 Milwaukee has
sold for early in June at/l$l 49@1 50, but latterly $1. 50 has been
the best hid for all next week, when " through” wheat will begin
to arrive, the arrivals so far being the wheat that was detained
by the ice on the canal all winter. To-day prices rather favored
buyers, but with an active demand there was no quotable decline.
Indian Corn has been variable.
The supply has been liberal,
and early in the week prime mixed declined to 85c., but Wednes¬
day developed firmness, and yesterday, with a brisk export de mand favored by lower ocean freights, there was an advance to
86c.@864c. For future delivery prices have been unsettled. The
weather has become favorable to the growing crops in the middle
and southern lattitudes, and the receipts at the Western markets
continue to be much larger than one year ago. To-day there was
a further advance, with prime mixed selling at 86^c.^@87c.
Rye has met with a fair business in the range of $1 07@$1 10.
There have been a few boat-loads Jcome forward from the canal,
but they have been mostly sent to store for higher prices. There
is some demand from the Continent, and the supply in prospect
is light.
Barley has been unsettled ; an invoice of Hungarian has
been closed out by auction at $1@$1 02.
Some sales of Canada
peas have been made at $1 01@$1 02£ in bond.
Oats have declined materially under the increased supply,
prime mixed selling at 614c.@62c., and white at 63c.@64c., but
yesterday there was some recovery, with sales at 624c.@63c.
prime mixed, and 644c.@65c. for prime white. To-day prices
were higher, with sales of about six boatloads of No. 2 Chicago at
63c.@634c., and choice white brought 64^c.@65c.
The following are the closing quotations :
Grain.
Flour.
Superfine State and West¬
European Cotton Markets.—In reference to these markets
correspondent in London, writing under the date of May
Liverpool, April 30.—The following are the prices of middling
qualities of cotion, compared with those of last year:
City shipping extras.
City trade and family
Fair &
8ea Island
Florida do
n
,
J
Ord.
Upland...
.Mobile.... 6j£
r-Good & r-Same date 1873-
Ord.& Mid—,
g’d fair->
Fine.—, Mid. Fair. Good.
32
23
26
38
18
21
21
18
16
20
24
23
17
19
20
’
18
15
16
M.F.
G.Mid. Mid. F. Mid. G.Mid.
L.Mid. Mid.
G.Ord. 7
10
9 1-16
8 5-16
9%
15-16
8%
8X,
7%
10
9*5
9X
8
8%
7
8X
8%
9 5-16
8 7-16 8%
iox
8 1-16
9%
9%
1%
N.0& Tex 6#
Since the commencement of the year the
.is date—.
1874.
bales.
1873.
bales.
1872.
bales.
43,380
1,450
4,200
131,090
American.... 75,380
Brazilian.
4,610
Bsvntian* &c. 6.500
idia, &c. 2/000
B. India, &c.‘ 26^830
610
59,020
27,300
3,010
27,190
Totab
76,830
115,320
. .
brands
120,750
18,880
2.330
45,022
2,499
1,127
161,730
4,637
98,145
3,930
53,516
29,270
412,600
382,150
157,299
106,094
591,490
45,300
6,887
9,990
6 40© 6 65
mily brands.
Southernshipp’gextras..
Rye flour, superfine
1 56© 1 5S
1 60© 1 62
1 65© 1 60
1 70© 1 85
White
Corn-Western mixed
6 20© 6 60
6 85© 8 25
84©
83©
86©
White Western
Yellow Western
6 75© 9 75
6 40© 7 00
8 75© 9 50
Oats—Black
8 25©10 00
6 75© 8 01
5 40© 5 85
87
86
88
88© 90
1 07© 1 12
Southern, white
Rye...
60©
Mixed
White
Southern bakers’ and fa¬
*—
61
62©
64
63©
Barley—Western...
..
66
nominal.
do.
Canada West
State
do.
4 20© 4 55
1 02© 1 30
4 60© 4 75 Peas—Canada
The movement in breadstutfs at this market has been as follows:
Corn meal—Western, &c.
Corn meal—Br’wine, &c.
transactions on specula
Actual
r-Actuale: sp.from
Liv., Hull & other exp’tfrona
U.K. in
outports to date—,
1873.
'873.
1874.
baies.
bales.
bales.
No. 1 spring
Red Western
Amber do
5 60© 5 85
ern
Extra State, &c.
Western Spring Wheat
extras
do double extras
do winter wheat extras
and double extras
2, 1874, states:
Wheat—No.3 spring,bush.$1 40© 1 44
No. 2 spring
1 47© 1 54
$ bbl. $4 50© 5 25
No. 2
.
our
May 15, 1874.
The market for flour has been active during
The
.- -
509
CHRONICLE
THE
16,1874.]
jllay
RECEIPT8 AT NEW YORK.
,
1874.
.
For the
Since
week.
Jan. 1.
Since
Jan.
1, 1873.
1,437,292
969,558
3,931 •
91,883
99,383
Wheat, ous. 941,913 10,407,000 1,895,026
458,661 6,910,699 2,173,414
Corn,
“
Rye,
“
8,325
248,816
2,223
Barley,&c..
4,400
481,306
506,426
Oats
114,162 2,863,826 2,927,082
The following tables show the
ment of Breadstuffs to the latest
Flour, bbls.
C.
meal, “
.
.
.
55,078
EXPORTS PROM NEW Y"ORK.
„
,
1874.
.
For the
Since
week. Jan. 1.
29,104
812,761 25,520
66,647
2,071
3,488
577,865 9,885,885 109,088
341,077 5,783,470 449,510
19,043
371,416
1,310
48,463
»
1873.—;
.
For the
Since
week.
Jan. 1.
/
7,644
4,696
....
418.534
61,286
1,591,414
4,429,020
26,293
37,310
10.691
Grain in sight and tfce movej
mail dates:
510
RECEIPTS AT
*
\h
IV;
Chicago...
9, AND
FROM AUGUST
.
Total
130,615
Previous week..,
Correap’Lg week,’73.
119,665
’72.
’71.
’70.
it
u
*
;•>’
Oats.
Barley.
bush.
bash.
Rye.
bush-
6,031
107,036 J
225,585
4,468
18,892
12,029
1,467,639
1,279,845
651,178
1,344.673
657.513
33,245
1,333,183
932,119
577,602
562,886
369,827
637,345
971,271
1,619,022
508.223
101,930
103,713
916,661
282,681
29,507
34,600
55,678
22,322
632,486
380,131
83,863
•
-
19.240
30,215
19,28,3
Domestic Cotton Goods.—The demand for cotton fabrics has
21,612
Aug. 1 to date. 4.939.923 64,811,462 41,915,403 20,317,467 5,863,710 1,592.586
time 1872-73
4,361,612 39,143,151 44,171,095 19,268,813 8,899,993 1,539,681
time 1871-72.. 4,128,138 33,*59,552 44,736,85S 20,428,716 6,122,301 2,461.112
time 1870-71.. 4,587,571 36,084,198 25,298,925 15,326,859 5,138,857 1,373,246
light, and few sales [are making except in the way of
filling assortments. The break in Atlantic cottons which occurred
last week, resulted in these goods being closed out without delay,
and the agents are now only taking orders at value.
Some
other grades of brown goods have declined a fraction and there
been very
.
Estimated.
Flour and Grain from tue ports of Chicago,
of
Shipments
!
13,500
103,318
101,435
it
it!
41,809
10,059
3,750*
22,113
increase of sales are so
(56 lbs.) (821b».)(481bs.) (56 lbs.)
5.350
16,467
674,400 303.030*
3,960
7,820
47,050
34,790
415
1.140
81,162
346,244
489
5,197
20,135
9,054
350
400
99,100
54,600
62,849
Toledo
Detroit
Cleveland
St. Louis
1 TO MAY 9.
Corn.
bush.
Flour. Wheat
bbls.
bush.
(196lbs.) (fiOlbs.)
39,563
527,400
718,763
42,450
likely to submit to a further decline when the chances foran
small. The jobbers have not made many
changes except such as were necessary to conform to the altera
tions in the agent’s quotations.
The flood and political disturbances in the south and southwest
are checking even the usual flow of business from those sections
at this period, but the demand from other sources is^ perhaps, as
active as ordinarily.
Collections are coming forward with a fair degree of promptness
and the market is in a satisfactory condition as regards its finan¬
cial position.
not
THE WEEK ENDING
LAKE AND RIVER PORTS FOR
MAY
Milwaukee
Total
Same
Same
Same
Milwaukee, Toledo, Detroit, Cleveland, St
for the
week ending May 9, 1874, and
Louis and Duluth,
from January 1 to
has also been
Rye.
Barley,
Oats,
Floor, Wheat,
Corn,
bn ah,
bush.
bush.
Weekending—
bbls.
bosh.
bash.
9,727
21,336
637,498
May 9, 1874
113,309 1,957,197 1,149.270
12.147
15,958
918,158
218,380
May 2, 1874...
128,471 1,373,346
63,480
11,834
294,312
.Corresp’ug week 1873
137.565 1,477,871 1,322,919
26.094
24,785
218,368
360,679 1 773,180
Corresp’ng week 1872 84,570
10,556
10,726
256,332
Corresp‘ng week 1871
91,885 1,250,828 1,135,457
4,692
21,752
104,051
483,121
Corresp’ng week 1870
96,955 1.280,707
Total Jan. to date... 2,057,105 15.910,137 7,508,759
4,043,736 1,110,481 2,277,724
Same time 1873
141,304
1,964,62! 5,500,163 8,654,974 3,973,920 1,409,345
Same time 1872
319.095
1,254,840 1,960,080 13,067,042 2,823,621 '826,691
Same time 1871
1,254,186 7,469,285 11,100,022 1,885,762 330,764 147,494
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
WEEK ENDING MAY 9, AND FROM JANUARY 1 TO MAY 9.
*-
—-
-
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
543,697
54,875
2,000
11,889
446,700
bush.
105.167
43,290
52,425
18,520
1,500
•
4.005
....
12,250
...
Philadelphia
17.3S4
150,800
..
142,200
1:38,800
64,573
....
171,906
201,532
202,675
193,477
905,161
875,940
755,881
662,742
791,763
1,000,920
1,385,497
1.426,210
198,152
Total
Previous week
Week April 25
Week April 18. .'....
Week April 11
Cor. week, ’73
428,015
295,663
1,369,627
186,149
876,478
! 15,289,891
9.900,296
! 15.496,696
4,319,775 8,543,343
Total Jan. 1 to date. .3,754,019 13,824.166
.2,905,598 3,205,046
Same time 1873
,2,499,285 2,010,565
Same time 1872
game
.2,443,453
time 1871
bnsh.
bush.
2,150
....
300
2,847
69,200
18,600
11,392
79,900
22,202
...
Baltimore
New Orleans
Eye,
Barley,
Flour,
At
New York
Boston
Portland*
Montreal
•
«
•
•
•
•
.
•
•
•
•
•
»
....
2,870
•
810
•
....
..
6,120
7,979
14,035
2,847
4,905
262,289
336,072
347,871
•
16,475
11,820
409,225
4,208.130
6,852
27,520
40,248
665,870
341,279
444,682
9.586
.
600
4,804,3:38
998,827
956,911
400,665
33,286
61,442
3,015,043
435.582
Supply of Grain, including the stocks in
at the principal points of accumulation at lake and
seaboard ports, in transit by rail and frozen in in transit on the
New York canals, was, on May 9,1874:
The Visible
granary
Wheat,
bush.
bush.
have been as
follows:
45,086
“76
135,207
85,098
11,139
14,428
92
Manufactures of wool.... 582
do
cotton..,1,306
547
do
silk
536
do
flax
190.000
25,000
25,000
1.2,546
133,711
44,328
59,179
75,806
3,200
18,868
85,000
40,000
15,316
3,480
165,000
76,036
235,074
40,446
850
94,488
155,000
245,975
1,254,398
1,036.626
314.048
1,310
26.700
194,764
82,000
416,560
1,635,459 2,949,769
1,338.683
47,793
93,503
481,184
572,196
605 934
702,799
New York canals
1,382,336
9,767,769
Total
Total in store & in transit May 2, ’74.10,985.860
“
Anl. 25, ’74.10,406,826
“
“
Barley,
121,553
12,585
"
34,053
May 10,’73. 6,405,820
112,644
794,121
-
323,900
41,125
6,000
ENTERED FOB CONSUMPTION FOR THE
)——1872
1.945
Pkgs.
THE
$229,947
,
740
387
411.221
3,600
4,119
5,517 $1,346,245
925
490
9,160
253,674
136,467
297,715
360J19
815
321
210,129
•
116,370
92,304
134,801
$879,171
3,123 $1,196,835
MARKET DURING THE
SAME PERIOD.
.
cotton.,
.
20,026
silk..
94,400
flax..
249,394
394,5S1
463,900
3,458,674
588,096
DRY GOODS TRADE.
Friday, P. M., May 15, 1874.
.
.
i.
.
Add ent’d for consumpt’ni
$211,35!
43,263
459
299
99
493
116
$705,905
879,171
3,123
J.SB
$514,421
1,196,835
$197,418
90,340
73.8134
22,399
466
543
222
510
2,682
$410,263
1,346,245
4.423
9,160
393
243
' "89
308
753
$153,406
1,786
5,517
70.254
156,795
181,764
126.665
m’k’t. 7,303 $ 1,756,508 13,533 $1,585,076
ENTERED FOR WAREHOUSING DURING SAME
Manufactures of wool....
do
cotton..
do
do
Silk
621
434
231
565
144,872
204.664
139,738
464
$267,220
-
173
110
244
"85,275
103,068
92,942
21,785
4,499 $1,711,256
PERIOD
$203,283
58,116
91,396
374
$153,874
321
99.512
55
302
42,281
76,095
58.025
heavy trade in dry goods is over for this se ason, and the
flax
43,542
1,285
50,264
Miscellaneous dry goods.2,749
“between season” period which is invariable marked by an
95,894
3,273
2,337 $415,304
almost utter stagnation of business, is upon us. There are a few
Total
4,600
$852,388
4,264 $461,084
3,123 1,196,835
879,171
Add ent’d for consumptn 5,517 1,346.245
9,160
small orders coming in for sorting up purposes from the different
sections of the interior, but the aggregate is small aud is mostly Total entered at the port:10,117 $2,198,633 13,424 $1,340,255
5,460 $1,612,139
restricted to jobbing sales. Agents have placed very few goods,
We annex a few particulars of leading articles of domestic
though they have been making strong efforts to induce a more manufacture our prices quoted being those of leading jobbers.
liberal distribution by cutting rates on some of the leading makes
Cotton Sail Duck.
of staple cottons. The season is too far along, however, for buy¬ Woodberry, Drnid Mills I No. 8
Ontario and Woodberry
32
USA Standard 2$tf in
and Fleetwing.
I No. 9....
'30
ers to be tempted to enter into speculative purchases, and the
' 8bz. 24
do
No. 0
I... 46
do
9oz. 26
! Light duck—
result of the reductions has been Bimply to create a little more No. 1
44
do
10oz. 28
Bear (8 oz.) 29 in..
20
No. 2
42
do
12 oz. 33
demand from the city jobbers for the few staple brands that No. 3
do heavy (9oz.)... 23
40
do
15oz. 40
Mont.Ravens29in.. 22
No. 4
38
have been marked down, and which at their present prices
Ontario twls. 29 in. 20
do
40in... 30
No. 5
36
‘do
36m. 25
are desirable
and safe purchases.
Stark (10 oz.)
It is not probable i,hat No 6
36
25
Ex twls“Polhem’s” 15
31
there will be any general decline, as the strength of the No. 7
Check*.
cotton market is sufficient to maintain the current and even
Union MiUe,N°.l8 20
Lewiston A
1.8
13
Caledonia,No.7..
do
No.20 2*
Kenn Check
19
highea* rates on goods. At the present range of values there is Columbia, No. 70
do*No. 50 22w
Nolan’s extra
The
.jupwm—
Value.
WEEK ENDING MAT 14, 1874.
1874
,
•1873
.
,
Value.
Pkgs.
Pkgs, Valne.
572
314
$270,027
$144,100
397,243
144,237
163,547
,
Total thrown upon
\ii
s
IO USE AND THROWN INTO THE
6,531,586 1,798,634
7,830,816 2,015,272
7,349,808 2,408,560
9,451,322
several makes of bleached fabric
gives no indication of the probable extent of their purchases.
Stocks have been pretty well cleared up here, except of staple
goods, which are still in good supply.
The importations of dry goods at this por for the week ending
May 14, 1874, and the corresponding weeks of 1873 and 1872
53,529
12,000
28,888
547.652
57,650
325,531
fUll shipments
Lake shipments
on
Oats,
bush.
on
600,000
In store at New York
In store at Albany
In store at Buffalo
In «*t,or.* at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
In store at, Oswego
In store at St. Louis
In store at Boston
In store at Toronto
In store at Montreal
In store at Philadelphia
In store at Baltimore
Amonnt
Corn,
bush.
reduction
considerably unsettled, with quotations more
irregular than for some time past. Prints have been rather slow
of sale, but have not undergone any important changes in quota¬
tions.
Lawns aud Percales are quiet but steady at previous rates.
Colored cottons are barely steady, with a limited business doing.
Domestic WoolExN Goods.—There is no call for light weight
woolen fabrics for men’s wear, and the call for winter goods has
been extremely limited so far. The out-of-town clothing trade
are pretty Well represented in the market, and are canvassing for
desirable assortments, but as yet have made only small purchases.,
Overcoatings are the principal goods in demand, and the pros¬
pects are favorable fora fair movement during the coming month,
Worsted suitings are slow, and are without feature to note.
Worsted dress goods have sold moderately, with jobbers offer¬
ing price concessions for the purpose of moving stock. Hosiery
is quiet, with prices somewhat irregular on all lines.
Foreign Goods.—The season’s business is well over, and
there are no new features to record. The sales now making are
chiefly through the medium of the auction houses, and are mostly
clearing out lots. Importers are preparing to sort up for the
spring trade, and buyers have gone abroad, but the unsettled
condition of affairs iu the British and and Continental markets
56,938
6,639,466
a
and the market is
May 9:
__
[May 16, 1874.
TO GHJOTiqya
very
little margin for profit to the manufacturers, and they are
Far.& Min, No. 5
Ja». Long, No.10
13
12#
ParkMilU.No.50
13
York, I...
-
GUNNIES.—flee report under Cotton.
GENERAL
Shipping V 25 lb keg
BRKADSTUFFS—See special report.
BUILDING MATERIALS75
Bricks—Vommon bard, afloat
3 00
I*
Croton
28
Philadelphia.
Cfcnw/tf-Rosendaie
1
1
common
@
8
17
30
1
1
1
&
50 @
....@
10 @
60 @
30 @ 33
00 @ 28
00 @ 30
00 @ 75
00 @ 60
00 @130
00 & 26
00 @ 21
90
4
50 ® 6
25 &
25 &
...@
CHEESh;—
_
^
State factory, gdod
State dairy, fine
COAL—
Auction sale
.
to fan
03
00
87>'@
5 82*@
4 3?*@
11 00
....
do
00
50
do
do
gold.
...gold.
gold.
gold.
S&vanllla
Costa Rica
16
18
19
@
@ 20 00
....
n*
1S%
19*
W
21*
21*
20*
@
@
»*
@
20*
35
33
35
25
Bolts
....@
....@
2i*a
CjDTTON—See special report.
3*@
Argols, crude
18 @
21
gold.
27 @
31
“
4
“
3*0
5 12*@ 5 25
“
“
16*@
2 50 @ 2 62*
“
36 00 6 37 0j
“
Irgols,refined
krsenic, powdered
Bicarb, soda, Newcastle
Bl chro. potash, Scotch
Bleaching powder
Brimstone, crude
Brimstone, Am. roll
Camphor, refined
Castor oil, E.Lin bond,
gal., gold.
Caustic soda
Chlorate potash
3
@
31
00
25
27
55
55
35
....@
5
18*@
*•
‘*
26
51
52
••
Cochineal, Mexican
Cream tartar
34*@
Cubebs, East India
“
Catch.......
Gambler....
@
@
@
**
“
cur.
Ginseng, Western
Ginseng, Southern..
.
23
z5
29
25
7
6
15
cur.
....gold.
“
Prnsslate potash, yellow
33
Shellac...,
28
8*
7
16
3*
*35
@
&
@
53
gold
@
70
@
@
50
21
20
10*@
:e*
George’s Bank cod
Mackerel, No. 1, shore
Mackerel,No. I, Halifax
Mackerel, No. 1, Bay, late catch...,
Mackerel,No. 2, shore
Mackerel, No. 2, Halifax
Mackerel, N o. 2, Bay
FLAXNorth River
FRUIT—
V lb
Zlatas, Seedless
5
21
16
15
15
11
14
25 «
IK) @
00 &
25 @
25 @
50 @
50 @
15
....
24 00
20
19
16
15
jo Valencia
do
Loose
Muscatel, new
00
00
50
00
15 00
@5
2 75 @ 2
....«
...G
8 40 @ 3
Buitana
17
50
80
13
12*
75
.
27*#
28
n*.l
@
Fins
12
8
13
V case. 7 00 ©
Sardines, #Italian
tacaronl, or box
Domestic Dried—
cur.
“
do
do.
@
a
26
IS*
@
13
1S*@
Apples, State, sliced, 1873 crop
do
do
"quarters
do
western
do
nr. Ga., new
do. North C arollna
25
13
11
14
13
do.
....
Peaches, pared,
....
Virginia
nnpared, halves to quarters
Blackberries
Raspberries
assn. **»....»>♦...........
@
12
25
&
@
26
@
@
26
9*@
18 @
37 @
80 <4
IF ©
Pepper, Sumatra
do
Singapore
13*
12*
27
30
27
14
@
@
white
do
Cassia, China Lignea
do
Batavia
11'
12*
19
33
33
18
...
1 15
1 25
....@
do
...@
45
18
1 15
12
utemn.
Bold
13*
13*
liquors—Cash.
Domestic
Ordinary, foreign
gold
"
25
Hemlock.Buen, A’res, h.,m.&l.cur.
"
California, h., m. & 1..
**
"
Orinoco, Ac... h., m.& 1. “
"
rough
“
Slaughter crop
**
Oak. rough
“
Texas, crop
“
27
26
17
5*
06
GO
6*
5 90
@
@
Cuba, clayed
Cuba, centrifugal and mixed
Cuba Muscovado, 50 test refining to
37 @
30 @
41
35
grocery grades,
Porto Rieo
42
@
45
English Islands
40
@
@
@
@
43
70
50
34
good to prime
# gal.
73
2 40 @
250 @
Tar, Washington
Tar,Wilmington
Pitch, city
@
Spirits turpentine
V gall.
Rosin com. to good strain’d fl bbl. 2 65
“
“
do
do
Pgcans
*•«.
Hickory
••••••••••••
16*@
..
11
•••••••>•••,««,
nut's’.’.*.
Peanuts. Virginia
do
Wilmington, new
f) bush.
Almonds, Languedoc
do
Tarragona
.
7*@
1 00 @
2 85 @
2 50 @
19 @
....@
IYfcft,.
Shelled
29
@
do
Princess
38
@
39
7 H9
10
...V lb.
OAKUM
_
City, bag, E.
I. seed
gold
...
@
cur. 43 00 @
OIL8-
Menhaden, prime
Neatstoot
1 13 @
97 @
40 @
light.
35 ©
68 @
...@
Whale,bleached winter
Whale, Northern
84 @
Lard oil, prime
PETROLEUM—
Crude, in bulk
Crude in shipping order
Refined, standard white
Naptha, bbls
....«
8*2
PROVISIONS—
14
19
9
12
20
Beef hams, new
ft
Hams, pickled
Lard
•••«•••
,
gold.
Rangoon,in bond
choice
Louisiana, fair to prime
CarollnB, fair to
25
00
50
50
00
•'
3 40
7Y'5*
**
*•
Ha van
•.
0
5^
8*
-
•
sack.
@
85
@
@
1 25
"5
@
55
@
20
26\
24^
22
75
9 70
@ 10
@
5
7
1.3
5
at
6
®
@
@
©
12
fO
7
49
@
110
’:*2.
’72
.
' :
a
'.c
:.o
@
40
t 5>
50
©
©
......
5
■tc
(0
55
43
12
.
—
^
a
r"
©
:-3
ft
f: !
©
(<t
c6
.-I
1
et
23
; ■*
ca
r
©
32
33
f ’
©
37
3
@
18
.
...
-
—
-
To Livxbpoot'
T1 it.
Cotton
Flour
V bbl.
8*
fin
8 00
90
£0
48
21V ^
10 50
9 'JO
....
•
6*
t*\go!d net
Heavy goods.
ton.
...
Corn.b’lk to bgs. V bu.
Whdftt,bulk to bags..
40
1 85
l*
FREIGHTS—
SO
••••••
48
65
ZINC—
3 50
,85 @
r.
v •>.
<■
• o.
L'.' :1H wor;
OH
Martin
Surks Island
@
@
@
@
@
—
10*
&
@
@
....@
**
“
“
Medium
Common
South Am. Met-ino nrwaitp.i
Cape Good Hope, imwasneci
Texas, fine
Texas, medium
8k
...
1 28
@
26* ^
California. Snrinn C..n—
Fine, unwashed ...............
1*8\-
85
35
65
95
71
••
r.'
WOOLAmerican XV
American, N
’. (c
American ,C am birg
Extra, Puiiel
No. 1, Pulled...
85
@
@
@
@
@
.'
r.
•
“
@ 20 00
@ It 00
@
f5
1 TO
22
3“
65
CO'}
Maunt'ac’u,• ■:.( •’
11 59
10*2
38
53
70
26
Pennsvlvan:? 'vy'is *s. M
70
62
55
_
**
66*
35
@
"
Seed leaf, C 'i N.cv
@ 18 50
@ 25 00
11
10*4
SALT—
Liverpool ,t*rioui sort*
1
@
45
70
1 (X)
1 13 @ 1 35
F0 @
87
45 @
60
63 @
65
20 @
23
24 Gt
27
Nominal.
35
............
r
sx
Rt.
O-
....
Pork, prime mess city
Beef, plain, new
Beef, extra mess, new
Cadiz
1 15
93
17 12*@ 17 25
bbl
Pork, extra prime
Pork new mess V
...
Ket.cc."
1 60 @
l 8> @ i*90
Sperm,crude.........
Sperm, bleached winter
>
i*
28
40
60
30
42
70
1 m
35
F5
cur.
*...
Pla.es,'
....
52 *@
Cottonseed. crude
Olive, in casks # gall
Linseed, casks and bbls
9
Rnn’rto fine.
’lx. fine to finest
.
10*
10*
10*
9\'
9*
10
kx fine to finest
Choicest
'
7*
@
10*@
10*@
Ex. fine to finest.
p:
42 00
8
6*
@
7*@
Ban**a
r.
8
9*@
8*@
TIN—
Sr,
9*
10*
7* 5 7 11-16
EftCiiyb
OIL CAKE—
8
7
Ex. fine to finest
choicest
do
do
9*
10*
Souc.A Cong.. Com. to fair
31
17*^
7*
8*
6*@
c*@
6^@
Oolong, Common to fair,.*,
do
Superior to fine
19
.18
do
do
7*
«*
10*@
Sun. to fine
Extra fine to finest
do
do
6*
9*
7*@
8*@
Uncolored Janan,Com.to fair
do
Sup’rtollne
....
‘s*
6^@
4*@
@
Suner.tu fine
Kx. Hue to finest
Choicest
do
7*
@
7
Pyson Skin, to Twnn.. com. to fair.
do
do
Sup.to fine
do
do
Ex. fine to finest
3 25
2 75
@
S*@
6*@
Hyson.Com. to fair
do
12
9
@
8
Rico,refining, com- to prime,
grocerv. fair to choice..
Brazil,bags. D. 8. Nos. 8 to 12
Java, do. D.S., Nos. 10 to 12 *
do
do
13
17
11
12
6*5
Imperial. Com to fair
7
Naples
Grenoble
9
Gunpowder, Com to fair
do
Sup.to fine
11
17
@
JO*
16*
11*
@
@
@
@
n*@
—
do 13 to 15
do 16 to 18
do 19 to 20
White.
do
do
do
do
f.o
....@
....
fair to good grocery
to choice grocerv
centr.bhds. & bxs, No. 8 to 13
Molasses, lihds & bxs
Melado
.Nos. 1 to 9
Hav’a, Box,!
do 10 to 12
do
do
do
do
do
13*
10
•
pr.
33*
13*@
•
prime, refining
do
do
do
do
Young
6 25
NUTS—
Filberts, Sicily
Barcelona
do
Brazil nuts, new
Walnuts, Bordeaux
•
...
spring
llyson, Common to fair
do
Superior to fv e
do
Extra tine tc finest
2 75
4 00
2 95
5 00
@
•
TALLOW—
Western ¥* 31...
TEA—
2 50
2 60
3 (0
4 50
5 50
pale
•
do
do
off A..*....,
White extra C
Yellow
do
Other Yellow
:.
80
@
@
@
14
....
Defined—Hard, crushed
Hard, powdered
do
granulated
Soft white, A standard centrif...
..
3 no
2 75
No. 1
No. 2
■u
@
9*@
Manila
37
.
97*
do
36*
36
....®
Porto
27*
@
@
@
@
....
4
SUGAP.—
do
do
dO
do
80
2S
25*@
....
8 25
1 99
Cuba,inf.to com. refining
do fair to good refining
00
LEATHER-
Demerara
N.Orleans
American viermun
8*^
9 @
Sheet and pipe
@
.
English, spring,2d & Tstrji-ality
English blister, 2d & 1st quality
American blister
American cast, Tool
American cast, spring
American machinery
@162 50
@135 00
@
15
8TEEL—
15
6*@
....
@ 15 00
@ 5 50
@ 8 f-5
17
Whiskey
?o
@
@
@
@
@ 40 00
Bar
•
75
45
1 S7*@
“
“
”
Rum—Jam.,4tn proof
St. Croix, 3d proof
Gin,Swan and Swallow
85
S
3
3
3
# gal’
Brandy, foreign brands
LEAD—
Domestic..'
25
25
@
12*@
11 *@
SPIRITS—
11
13
17
34 fO
100 CO
18
19
@
@
@
13*
Hoop
Ill) 00 @155
Sheet, Russia, as to assort
gold.
16*@
Sheet, single, double & treble, com.
4*@
gold
Rails, new, English
@ 57
Rails new, American
63 00 @ 65
RICE-
....@
...@
25 @
...@
Cloves
....
@
@ 81 00
@31 00
@ 30 00
Scroll
7 25
,
—
Nutmegs, Batavia and Penang
Pimento, Jamaica,
15
ss 00
30 00
27 00
160 00
«*'
6*@
do.
Calcutta
Mace
-
Bar, Swedes, ordinary sizes
00
50
12**
.
Ginger African
....
@
@
25
25
7
6
7
5
SPICES—
TOBA<
@
....
Layer, new
10
18
9
Western
FI8H-
do
20
19
15
@
7 00 @
6)0 @
6 09
@
5 25 (3,
,cur.
V lb
Pig, American. No. 1
Pig,American.No.2
Pig, American Forge
Pig, Scotch
62*
2 25
8ngar of lead, white
Vitriol, blue, common
_
'
*66
65
Soda ash
do
....
pale
36*
@
@
@
&
&
Quicksilver
gold. 1 48
Quinine
cur. 2 50
Rhubarb, Chin a, good to pr....V ft.
32*@
Sal soda,Newcastle,
gold 1 60 @
«o
25*
!!*@
16 @
“
Cropof 1873
Crop of 1872..
Crop of 1871
Crop Of 1870
extra
21
30
2*0
gold. 7 50 &
Canton Ginger
Sardines, V hi. box,
10
....
“
v v~
85
2 50
V lb
HOPS-
"
5*
@
a
8il vitriol (66 degrees)
pitira,Turkey,in bond
Currants, hew
Citron, Leghorn
Prunes, Turkish
Dates
is
“
“
Calcutta, dead green
Calcutta,buffalo
"
@
&
gold
do
18
@
@
....
cnr.
8*
5*0
....
Madder, Dutch
Madder,French
Nntgalls.blne Aleppo
do
Para
4*
...@
.
Jalap
Licorice paste, Calabria
Licorice paste. Sicily
is
25*
@
@
....
"
California
@
@
@
@
NAVaL STORES—
30* @
“
Cochineal, Honduras
dye, good & fine
....
-<>6
MOLAS8E8—
DRUGS to DYE8—
Alum, lump
Lao
;
25*
Store Prices, each.
COPPERSheathing, new (over 12 oz;
Braziers’(over 16 oz.)
Ingot
....
“
“
"
•*
...
19*@
gold.
25
25
-
if:K 5
.
1
Taysaam. Nos. 1 & 2.
Canton, re-reeled No. 1
26 V
@
25*@
*
Wet Salted—Buenos Ayres
15
19 @
20 *@
23 @
18 @
18 @
....gold.
goid.
gold.
gold.
Laguayra
St Domingo
Chili
Pernambuco
Matamoras
Babta
11*
25
"
Dry Salted—Maracaibo
2X
17* @
18* @
gold.
Maraealho
Orinoco
California
Maracaibo
Bahia.
00
00
4 70
4 75
4 90
27*
26*@
“
**
*•
“
••
5*
2X
.
SPELTER-
26 @
**
Montevideo.
IRON-
COFFER—
ttloordinary cargoes,60@90days.gld.
3*@
io
7*
5*
9*@
...,@
gold
Corrientes
Rio Grande
16*
•4 62 *@
4 72 *@
SILK—
Tsatlee, No. 3 chop
Tsai lee, re-reeled
285 00
TrnrpljTn
Wpsfpvn
Dry—Buenos Ayres
12
&
@23C
@120
@230
@ 290
^ lb.
..
Hemp, foreign
Flaxseed, rough
Linseed,Calcutta $ SOa gokl (time).
HIDES—
00
33
82
4
..
nominal.
“
**
“
“
E. /. stock—Calcutta alanght... gold
15
14
Liverpool gas cannel
Liverpool house cannsl.
bags
Sisal
Jute
35
35
00
00
00
8*
27
,
1 10
.
00
00
00
00
gold.225 00
Italian
Manila
10
23
5,000 tons steamboat
10,000 tons grate
5,000 tons egg.
23.090 tons stove
7,000 tons chestnut
Java.mats and
Native Ceylon
Russia,clean
...
of Scranton, April 29:
do fair,
do good,
do prime,
185 30
115 00
Texas
“
“
American dressed
American undressed
75
00
50
75
*
Welsh tub-', per invoice
Do. single dairies
@
....
....@
SEED—
HEMP—
Rockland, finishing
Lumber—Southern pine
36
White pine box boards
23
White pine merchan. box boards. 24
Clear pine
65
Oak and ash
50
Blackwalnut
100
24
gprnce boarded; planks
Uelhlock boards to planks
18
JValls-10@60d.com,fen to sh.$ keg 3
Clinch, 140 3 in. to longer
5
Milne
6
Cut spikes, all sizes
4
Paints—Lead, white,Am, pure. In oil
ne
Lead,wh., Amer., pure dry
@
Zinc, wh., Amer. dry, No. 1
11*@
Zinc, wh., Amer., No. 1. in oil
2* a
Paris white,English, prime
BF™M>er invc’e (N.Y.,“N.J.&Pa.)
Single dairies entire
4 25
3 75
14
13*@
44
Clover, Western
HAY—
North River.shipping
6^3
?ot
&
@
Blasting
Min. to
arhks—
SALTPETRERefined, pure
Crude
Nitrate soda
GUNPOWDER—
PRICES CURRENT.
Lime— Rockland,
511
THE CHRONICLE
Jjfay 16,1874*
I
Reel
Pork.
.$1
ce.
-SCRAM.-—.
s.
x.
d'
K•••
3 0
3b 0
55 0
10
©....
(it 40 0
@....
<a...
10*5....
8 0
59
...
ft....
9
©
8X
sa:t—,
r. d
.
d
3-165
2 6
25 0
40 0
9
a
@
@
@
9*®
5 6
@
....
SO 0
....
....
....
@
4 0
....
....
512
THE CHRONICLE
Commercial Cards.
Irvine K.
■
tl-
Commercial Cards.
Chase,
Everett 6c Co.
G6
COMMISSION
COTTON
State
BUYER)
Na&liville, Tennessee.
on
REFERENCE.—First National Bank, Nashville.
Street, Boston,
i'
Wheless,
*.•
AND
44
Sc
HEARD
CO.,
BROAD
Government
Bought and Sold
Wm Pickhardt8cKuttroft
30 Broad
IN
Banks,
CHEMICALS, COLORS, DYESTUFFS,
Chauncey,
MERCHANTS,
&C
No. 23 Cedar
&C|, &c.
,
A
)
p.n.
CO.,
VALPARAISO, CHILI,
Henry Lawrence 6c Sons,
MANUFACTURERS OF
PREVOST
&
CO.,
IQU1QUE, PERU,
Messrs. JNO. W. CATER Sc
CO.,
192 FRONT
Wm.
Co., Iquique, are prepared to give
s pecial attention to everything connected with the
purchase and shipment of
Nitrate of Soda.
BANKERS AND
39 Wall
PRIME
STEARINE
LARD,
PACKER
FOR
LARD
Leonard, Sheldon 6c Co.,
OIL,
BANKERS,
Washington, Vestry Sc Greenwich Sts.
CLIMATES.
ALL*
AND
DEALERS
MANUFACTURERS
OF LARD OIL AND STEARINE.
v
59
NEW YORK.
ESTABLISHED 1841.
BEAVER
Smith, Baker 6c Co.,
Yokohama and
Htogo, Japan.
REPRESENTED BY
E.
'66)4
IV.
Pine
COR LI
Street,
8c
Olyphant
COMMISSION
I.
Hong
Co.,
lion-, Shanghai, Foochow Sc
Canton, China.
Represented
OLYPHANT A:
Co., of China,
104 Wall
St., New York.
Cheney Brothers,
Manchester, Conn.
SALESROOM
BROOME
477
New
PINE STREET,
Receive the accounts of interior
5c
31 WALL
AND
S A
LERA T US,
No. 11 Old
The
Slip, New York.
Jobbing Trade ONLY Supplied.
Explanatory circular, with references and quotation
Commission.
J. Alden Gaylord,
MISCELLANEOUS
STRICTLY
P. O. Box,
by permission to
MESSRS. NICHOLS, STONE & CO.
COMMISSION.
prompt attention.
Tnos Fyshe,
W. L. Comings,
Late one of the Agents of
Member of N. Y. Stock
the Bank of Brit. No. America. & Gold Exchanges.
Co.,
Broad St., Cor. Exchange
STOCKS AND
Place,
according to terms of contract. “Double
cost from $250 to $400 per one hundred shares,and are
in every way satisfactory, as they cover a decline or an
advance.
One hundred and twenty-five dollars
commission will purchase a “Put” or a Call for
$50,000 Gold any time in thirty days; $250 and
and
81
Bpnds
bought and sold strictly on Commission.
Accounts received and interest allowed on Balances,
which may be checked for at sight.
J. B. Diokinbon.
--
Platt K. Dickinson.
can bedeliver-
SixtygO) Days;
Privileges
YORK.
Securities, Gold, Stocks and
GOLD^
Operations are much safer and more satisfactory,
when made against “ Privileges,” the negotiation of
which we make a specialty. One hundred dollars and
commission will purchase a first-class Put or tall
for one hundred shares of stock, which
ed or called at any time in Thirty or
BANKERS,
NEW
New York.
1272.
"Refers
Negotiated,
ON
SECURITIES,
33 WALL STREET.
STREET, N. Y.
Loans
Government
“
IN
PRIVILEGES,
STOCK. & GOLD
Comings,
STOCKS, GOLD & EXCHANGE BOUGHT & SOLD
John Dwight 6c Co.,
SODA
STREET,
BROKERS
Stock, Gold and Exchange Brokers,
25
of
Montague,
BROAD
CITY RANK, ThreadneedJe Street.
STREET,
SLPER-CARBOYATE
boston,
mailed to any address.
Stocks and Gold Bought and Sold on
LONDON CORRESPONDENTS
Dickinson 8c
MANUFACTURERS OF
6
banks, bankers,
corporations and Merchants.
Agents for the sale of City, County, and Railroad
Bonds ; Issue Letters of Credit for foreign travels
:
York.
38 state street
Hazard 6c
NEW YORK,
All orders will receive
SILK MANUFACTURERS,
Hartford and South
Winslow, Lanier 6c Co.,
FOB
WALL STREET, NEW YORK,
52
Fyshe
by
BROTHERS Sc COMPANY,
AGENTS
27
MERCHANTS,
& G. C. Ward,
BARING
BANKERS,
York.
YORK.
S« G
Financial.
ES,
New
NEW
STREET,
NEW YORK.
MERCHANTS
COMMISSION
STREET,
WALL
10
No.
SALES OFFICE:
PROVISION
GEO. B. HOWELL.
W. C. SHELDON,
AND
COMPANY.
LARB
Street, New York,
phlet mailed on application.
LEAF
JEWELL,HARRISON
PURE
BROKERS,
Buy and Sell Stocks on Maigins or for Cash.
PUTS and CALLS negotiated at the lowest
market rates; $50 for 50 shares, $100 for
100 shares. Thirty-two page explanatory pam¬
W. B. LEONARD,
8c
Street,
Tumbridge 6c Co.,
J. Wilcox 6c Co.,
Messrs. Prevost &
Wall
allowed.
NEW YORK.
STREET
61
Jones,
AND SELL STOCKS, GOLD AND GOVERN¬
MENT SECURITIES ON COMMISSION.
USE,
LIVERPOOL, ENGLAND
Advances made on Consignments of approved mer¬
BUY
CORDAGE,
FOR EXPORT AND DOMESTIC
chandise to the above houses.
V:
BANKERS,
Stocks carried on margin. Deposits received, sub¬
ject to check at sight, on which 4 per cent interest
MANILA, SISAL, JUTE Sc TARRED
CATER, SONS & CO.,
LONDON, ENGLAND,
r
Davidson 8c^
~
General Partners
ADOLF KUTTROFF, s
B&D1SCHE ANILIN & SODA FABRIK,
59 and
A
SPECIALTY.
City and Brooklyn Gas and Insurance
Stocks Bough t and Sold at Current Rates.
SpecialBPartnar
KENDALL
Street, Room 23,
SECURITIES
BROOKLYN
Branch Offices in Philadelphia and Boston.
AGENTS FOR
Messrs. JNO. W.
balances
New York
Street, New York.
WM. PICKHARDT,
Street, New York,
LIMA AND
on
George H. Prentiss,
MERCHANTS
.
Messrs.
Commission, and
on
Accounts received and interest allowed
which may bo checked for at sight.
Corre¬
References.—Third and Founh National
and Proprietors of Thk Chronicle.
Messrs.
Bonds
LOANS NEGOTIATED.
AND
COMMISSION
Special attention given to Spinners’ orders.
spondence solicited.
48 South
MERCHANTS.
STREET.
IMPORTERS
NASHVILLE, TENNESSEE.
COMMISSION
Co.,
Securities, Gold, Stocks
and
consignments of approved mer
MERCHANTS,
Fabbri 8c
COMMISSION
Liberal cash advances made on consignments of
Cotton and Tobacco to our address; also to our friend#
In Liverpool and London.
chandize.
COTTON
COMMISSION
BANKERS
OF CHINA AND JAPAN.
Advances made
Ifu
R, T. Wilson 6c
AGENTS FOR
AUGUSTINE
McAlister &
Financial
commis-
STOCK7anefcOLD PRIVILEGES are becomlngmore
popular every day, as
,
risk
We have completed
Privileges, with prac
tlcal illustrations, which we will mail tocrS*'
We refer by permission to Messrs. Van Schalck & Co.,
f
& Co., James Struthers, ]Esqwill have prompt attention, and
information furnished.
Messrs. Scott, Strong
New York. All orders
further
Member N. Y. Stock & Gold Excbge.
Howabd C. Dickinson,
Member N. Y. Stock Exchange.
it is not necessary to
than amount paid for Privileges.
a • ‘ Circular” fully explaining “
■
V
[May 16, 1874.
LAPSLEY Sc
Brokers,
No#
BAZLEY,
74 Broadway#
r
•%
MAY
0, AND
FROM AUGUST
bosh.
(196lbs.) (60lbs.)
89,563
527,400
718,763
42,450
9,500
62,849
41.809
10,059
3,750*
13,500
bbl
,
Chicago
.
.
Milwaukee
Toledo
Detroit
.
.
.
Cleveland
St. Louis
.
b
.
127.435
Corresp’i-K week,’73.
“
’72.
’'il.
’70.
“
44
1,467,639
130,615
119,665
101,435
Total
Previous week
103,713
Total Aug. 1 to date. 4.939.923
Same time 1H72-73. 4,361,612
Same time 1871-72.. 4,128,138
Same time 1870-71.. 4,587,571
bnsh.
5.197
400
6,051
4,468
657.513
677,002
562.886
508,223
33,215
29,507
18,592
916,661
282.681
632,486
350,131
22,322
83,868
1,344,673
1.838,183
932,119
1,619,022
19,240
and
ordinarily.
are coming forward with a fair degree of promptness
the market is in a satisfactory condition as regards its finan¬
30,215
19.283
cial
position.
12,029
34,600
55,678
Domestic Cotton Goods.—The
21,612
04,811,462 41,915.403 20,317,467 5,863,710 1,592,586
Louis and Duluth,
from January 1 to
May 9:
Rye.
bnsb,
Barley,
Oats,
Floor, Wheat,
Corn,
bush.
bnsh.
Weekepding—
bosh.
bbls.
bosh.
21,336
637,498
May 9, 1874..
113,309 1,957,197 1,149,270
15,958
218,360
918,158
May 2, 1874
128,471 1,373,346
63,480
294,312
Corresp’ng week 1873 137.565 1,477,871 1,322,519
26.094
360.679 1,773,180
213,368
Corresp’ng week 1872 84,570
10,726
256,832
Corresp'ng week 1871
91,885 1,260,828 1,135,457
104,051
21,752
483,121
Corresp’ng week 1870c 96,955 1.280,707
Total Jan. to date.. .2,057,105 15.910,137 7.503,759 4,043,736 1,110,481
Same time 1873
1,964,62 ! 5,500,163 8,664,974 3,973,920 i,409,345
826,691
Same time 1872
1.254,840 1,960,080 13,067,042 2,825,621
Same time 1871
1,254,186 7,469,285 11,100,022 1,885,762 330,764
9,727
12,147
'
11,834
24,785
10,556
4,692
2,277,724
141,304
819.095
147,494
SEABOARD PORT8 FOR TEE
9, AND FROM JANUARY 1 TO MAY 9.
RECEIPTS OF FLOUR AND GRAIN AT
WEEK ENDING MAY
Flour,
Wheat,
Corn,
Oats,
bbls.
At
Now York
bnsh.
bush.
543,697
54,875
2,000
11,889
150,860
446,700
hush.
105.167
Boston
Portland*
Montreal
...
Philadelphia
...
Baltimore
New Orleans
...
31.675
17,3S4
22,202
142,200
....
Total
Previous week
Week April 25
Week April 18
Week April 11
Cor. week, ’73
Total Jan. 1 to
Same time 1873
171,906
201,532
202,675
198,477
198,152
.
.
.
.
....
.
186,149
.
date..3,754,019
.2,499,285
time 1872
..2,443,453
game time 1871
The Visible Supply
Same
905,461
675,940
755,831
662,742
43,290
18,520
.
79,900
138,800
64,573
791,763
1,000,920
1,385,497
1.426,210
4.005
69,200
18,600
11,393
262,289
336,072
347,871
341,279
444,682
409,225
876,478
13,824,166 15,289,891 4,208,130
3,205,046 9.900,296 6,689,466
2.010,565 15.496,696 4,804,338
4,319,775 8,543,343 3,015,043
428,015
293,663
1,369,627
of Grain,
granary at the principal points of
seaboard ports, in transit by rail and
New York
..
52,425
1,500
Barley,
bush.
.
,
.
,
2,847
A®’
bush
2.150
300
....
•
•
•
•
.<
•
2,870
800
••
2,847
4,905
16,475
11,820
27,520
40,248
6,120
7,979
14,035
6,852
9.586
600
665,879 400,665
33,286
998,827
61,442
956,911
435,582
56,938
including the stocks m
accumulation at lake and
frozen in in transit on the
canals, was, on May 9,1874:
Wheat,
In store at New York
In store at Albany
In store at Buffalo
In «t,on* at Chicago
In store at Milwaukee
In store at Duluth
In store at Toledo
In store at Detroit
In stor • at. Oswego
In store at St. Louis
In store at. Boston
In store j»i Toronto
In store «t Montreal
In store at Philadelphia
In store at Baltimore
Rail shipments
Lake shipments
Amount on New York canals
Corn,
bush.
bush.
325,581
34,053
26.700
82,000
194,764
416,560
1,635,459 2,949,769
1,338.683
47,793
93,503
481,184
85,098
135,207
11,139
600,000
190,000
133,711
235,074
44,328
40,446
572,196
850
94,488
605.934
165,000
155,000
76.036
245,975
1,254,398 1,036,626
702,799
112,644
794,121
1,382,336
Oats,
bush.
53,529
12,000
28,888
547,652
57,650
41,125
45,086
34,428
25,000
59,179
75,806
3,200
18,868
85,000
40,000
314.018
823,900
94,400
“
May 10,’73. 6,406,820
6,000
Worsted suitings are slow, and are without feature to note.
Worsted dress goods have sold moderately, with jobbers
record. The sales now making are
chiefly through the medium of the auction houses, and are mostly
clearing out lots. Importers are preparing to sort up for the
spring trade, and buyers have gone abroad, but the unsettled
condition of affairs in the Britieh and and Continental markets
there are no new features to
gives no indication of the probable extent of their purchases.
Stocks have been pretty well cleared up here, except of staple
goods, which are still in good supply.
The importations of dry goods at this por for the week ending
May 14, 1874, and the corresponding weeks of 1873 and 1872
have been as follows:
ENTERED FOR CONSUMPTION FOR THE WEEK ENDING MAY 14, 1874.
1.945
Pkgs.
121,553
12,585
“76
‘836
210,129
253,674
3,600
136,467
490
815
4,119
134,801
321
5,517 !*1,346,245
9,160
$879,171
547
536
.2,546
Total
WITHDRAWN FROM WAREHOUSE AND
*
Valne.
$270,027
572
925
$144,100
314
740
387
1874
<
Pkgs,
.
297,715
360,419
176,370
92,304
3,1231 $1,196,835
THROWN INTO THE MARKET DURING THE
SAME PERIOD,
1,810
20,026
9,451,322 3,458,674
588,096
Friday, P. M.% May 15, 1874
goods is over for this se ason, and the
“between season” period which is invariable marked by an
almost utter stagnation of business, is upon us. There are a few
small orders coming in for sorting up purposes from the different
sections of the interior, but the aggregate is small aud is mostly
restricted to jobbing sales. Agents have placed very few goods,
though they have been making strong efforts to induce a more
liberal distribution by cutting rates on some of the leading makes
of staple cottons. The season is too far along, however, for buy¬
ers to be tempted to enter into speculative purchases, and the
result of the reductions has been simply to create a little more
demand from the city jobbers for the few staple brands that
have been marked down, and which at their present prices
and’ safe purchases.
are desirable
It is not probable that
there will be any general decline, as the strength of the
cotton market is sufficient to maintain the current and even
higher rates on goods. At the present range of values there is
very little margin for profit to the manufacturers, and they are
■1873
,
Value.
411,221
397,243
144,287
163,547
.
25,000
15,316
3,480
,
Pkgs.
$229,947
1,306
silk,
flax.
do
do
92
»
1872
Value.
582
Manufactures of wool
do
cotto
THE DRY GOODS TRADE.
heavy trade in dry
offer¬
ing price concessions for the purpose of moving stock. Hosiery
is quiet, with prices somewhat irregular on all lines.
Foreign Goods.—The season’s business is well over, and
466
543
$197,418
$311,351
70,254
90,840
222
181,1764
126.665
163j068
753
22,399
2,682
1/786
$410,363
4.423
5,517
1,346,245
9,160
Manufactures of wool—
$153,406
393
243
89
308
do
cotton..
silk
do
'
do
flax
Miscellaneous dry goods.
Total
Addent’aforconsumpt’n
Total thrown upon
The
fair movement during the coming month,
pects are favorable for a
249,394
394,5S1
463,900
6,531,586
7,830,816
“
Barley,
bush.
1,798,634
2,015,272
7,349,808 2,408,560
9 767,769
Total in store & in transit May 2, ’74.10,985,860
“
Apl. 25, ’74.10,406,826
44
light, and few sales [are making except in the way of
filling assortments. The break in Atlantic cottons which occurred
last week, resulted in these goods being closed out without delay
and the agents are now only taking orders at value.
Some
other grades of brown goods have declined a fraction and there
has also been a reduction on several makes of bleached fabric
and the market is considerably unsettled, with quotations more
irregular than for some time past. Prints have been rather Blow
of sale, but have not undergone any important changes in quota¬
tions. Lawns aud Percales kre quiet but steady at previous rates.
Colored cottons are barely steady, with a limited business doing.
Domestic Woolen Goods.—There is no call for light weight
woolen fabrics for men’s wear, and the call for winter goods has
been extremely limited so far. The out-of-town clothing trade
are pretty well represented in the market, and are canvassing for
desirable assortments, but as yet have made only small purchases.
Overcoatings are the principal goods in demand, and the pros¬
....
..
demand for cotton fabrics has
been very
Flour and Grain from the ports of Chicago,
of
as
Collections
.39,143.151 44,171,095 19,268,873 8,899,993 1,539,681
33;*'>59,552 44,736,856 20,428,716 6,122,301 2,461.112
36,084,198 25,298,925 15,326,859 5,138,857 1,373,246
Milwaukee, Toledo. Detroit, Cleveland, St
for the
week ending May 9, 1874, and
*“
at
active
Estimated.
Shipments
political disturbances in the south and southwest
checking even the usual flow of business from those sections
this period, but the demand from other sources is, perhaps, as
The flood and
are
489
350
107,036;
conform to the altera,
changes except such as were necessary to
lions in the agent’s quotations.
bush-
20,186
99.100
9,054
1,279,845
651,178
369,827
637,345
971,271
101,930
Rye.
Barley.
(66 lbs.) (30 !b-.» (481hs.) (56 lhs.)
5.350
16,167
674,400 801.030
8,060
47,050
7,820
34,790
415
1.140
81.162
848,944
103,318
22,113
.
Cats.
51,600
225,585
1 Q*T 4
10
increase of sales are so
bnsh.
Corn.
bush.
Wheat
Flour.
1 TO MAY 9.
rr
likely to submit to a further decline when the chances for an
small. The jobbers have not made many
not
LAKE AND RIVER PORTS FOR THE WEEK ENDINO
RECEIPTS AT
♦
r\f*
4Z&Qtmm
r\
ono
73.864
510
-
92,942
31*785
43,2o3
•Trr-T
3,123
879,171
4,499 $1,711,256
SAME PERIOD
2,387
3,123
4,600
$852,388
4,264
1,346.245
9,160
48,542
1,196,835
50,264
consumpt n 5,517
42,281
1,285
3,273
$153,874
$203,283
139,738
95,894
374
321
55
302
464
173
110
244
Manufactures of
wool...
cotton.
do
do
do
silk....
621
434
231
565
.
.
.
flax....
Miscellaneous dry goods.2,749
.
Total entered at the
We annex
a
$267,220
144,872
204,664
'
few
58,116
91,396
58,025
$461,064
879,171
99.512
76,095
$415,304
5,460 $1,612,139
13,424 $1,340,255
port.10,117 $2,198,633
f$14,
,421
1,196, 835
1,876
$705,905
m’k’t. 7,303 $1,756,508 13,533 $1,585,076
ENTERED FOE WAREHOUSING DURING
Total
Add ent’d for
85,275
156,795
particulars of leading articles of domestic
quoted being those of leaaing jobbers:
manufacture our prices
Duck.
Cotton Sail
I No. 8
No. 9...
Woodberry, Druid Mills
and Fleetwing.
No. 0
46
....
Light duck—
Bear (8oz.) 29in.,
do heavy(9oz.)...
Mont.Ravens29in..
1.
44
2.
3.
4.
42
40
38
5.
36
No. 6.
Stark(10oz.)...
No. 7.
36
34
Caledonia, No.7..
13
Columbia; No. 70
Far.& Min, No. 5
Jas. Long, No.10
19
Lewiston A
Kennebeck
No.
No.
No.
No.
No.
.
do
40in...
..
32
30
20
23
22
30
25
Ontario and Woodberry
USA Standard 28# in
do
do
do
do
do
*
8oz.
9oz.
10 oz.
12 oz.
15 oz.
34
26
28
33
40
Ontario twls. 29 in. 20
25
do
36 in.
Ex twIs’T.olhemV* 15
Checks.
13
m
18
Nolan’s extra
Park Miiln,No.50
Union
Mills,No.18
do
do
...
18
York!.*.
--.
No.tO
No. 50
20
2.
22**
M
rf-r*—*
1G, 1874.
GUNPOWDER—
Shipping y 25 ft
PRICES CURRENT.
Blasting
Mlu. A
A*HK3?ot
BHKADSTUFFS—Sec special report.
BUILDING MATERIALRllricks—Common bard, alloat
3 75
Groton
14 00
28 50
...
1 10
common
Rockland, finishing
1
36
23
White pine merchan. box boards. 24
Clear pine
65
Luynber—Southern pine
White pine box boards
Oak and ash
Blackwalnut
60
00
00
00
00
50 00
1U0 00
24 00
Spruce boards A planks
Hemlock boards A planks
13 no
Nail*—10<360d.com,fen A sh.ft keg 3 y0
Clinch, 1 to 8 In. A longer
5 50
6 25
all sizes
0
8 75
0 !7 00
Cement—R>sendaie
3d fine
Cut spikes,
<3 30 50
© 175
<3 l 35
(3 1 35
® 38 00
@ 28 00
<3 30 00
@ 75 oo
0 60 03
0130 00
<3 26 00
<3 21 00
0 4 00
& 6 50
@
4 25
@
...<3
US
9*0
Paints—Lead, white, Am, pure, In oil
Lead,wh., Amer., pure dry
Zinc, wh.,Amer. ary. No. 1
Zinc, wh.. Amer., No. 1, in oil
Paris white, English, prime
10
*
8X
©
12
11X3
2X3
2X
Firklns.per invc’e (N.Y.,N.J.APa.)
8ingle dairies entire
“
“
Welsh tubs, per invoice “
“
....
0
23
27
singledairies
S3
32
0
.
15
14
dairy, flue
&
(3
16*
15
COALAuctton sale of
Scranton, April 29:
5,000 tons steamboat.,
10,000 tons grate
183 00
115 00
gold.325 90
Russia,clean
Italian
.
Manila
nominal.
Sisal
Jute
4
4
4
5
4 70
4 75
4 90
62X3
72X3
87x@
285 00
“
♦*
“
“
0
....
COFFEE—
Rtoord.nary cargoes,60090 days.gld.
do fair,
do good,
do prime,
Java, matB and
Native Ceylon
Maracaibo
do
do
do
,
17X3
13X3
19
gold.
gold.
gold.
1“X
lb*
19 X
©
20X3
gold.
...gold.
....goid.
19X3
gold.
Laruxyra
SO*
23' 3
18 @
18 @
bags
St ilomingo
gold.
gold.
OOPPERBolts
Sheathing, new (over 12 oz;
Braziers’ (over 16 oz.)
21X
21*
2UX
16X
@
18
19
gold.
8avanilla
Costa Rica
16
26
@
0
20X
35
33
35
25
21X3
...
gold
“
25
"
•*
Montevideo .*
Corrlentes
Rio Grande
Orinoco
California
Maracaibo
Baliia.
26X3
"
Dry—Buenos Ayres
27 X
26*
25X
25X0
25
25
"
"
"
Dry faffed—Maracaibo
...
...
*
...
“
"
“
••
Chill
Pernambuco
Mataraoras
Bahia
Wet Salted—Buenos AyreB
18
...
18
13
10
"
**
Para
California
0
Alum, lump
18 3
Argols, crude
gold.
27 0
krgols,refined
“
irsenlc, powdered
8X3
“
5 12X3 5
Bicarb, soda, Newcastle
“
Bi ohro, potash. Scotch
“
16X3
2 50 © 2
Bleaching powder
“
36 00 0 37
“
Brimstone,crude
3 @
Brimstone, Am. roll :
Vtt.
80X3
Camphor, refined
....3
Castor oll.E.l.inbond, $ gal..gold.
5 18V®
Caustic soda
“
„
26
51
52
**
.
**
“
Cochineal, Honduras
Cochineal. Mexican
Cnbebs, East India
“
Ginseng, Western
Ginseng, Southern....
Jalap
Lac dye, good A fine
0
®
0
0
....
.
20
cur.
i!5
gold.
29
25
7
6
15
...
gold
Midder, Dutch
Madder,French
Nutgalls, blue Vleppo
OH vitriol (66 degrees)
“
Opium,Turkey,in bond
gold.
0
0
®
0
0
0
0
0
0
8X
7
16
2X3
Prusslate potash,yellow
Quicksilver
gold.
Quinine
cur.
.
Rhubarb, Chinn,good to pr....# ft.
7 59
33
1 48
2 50
'
3X
9
0
*’S5
1 50
0
0
i’oo
82X3
gold
gold
2 25
20
lead, white
Vitriol, blue, common
®
0
0
0
:ox
65
8hellac
Soda ash
Sugar of
1 62 X
70
2 50
10X0
soda,Newcastle
1 60
21
Nutmegs, Batavia and Penang
Pimento, Jamaica
0
@
•
•
S3 00
30 00
&
0
0
&
100 00
gold
“
Domestic
Bar..:
Sheet and pipe.:
6X3
....
0
“
uuba, centrifugal and mixed
Cuba Muscovado, 50 test refining
grocery grades,
Porto Klc.o
.
George’s Bank cod
Mackerel, No. 2, shore
Mackerel,No. 2, Halifax
Mackerel, No. 2, Bay
FLAXNorth River
Layer, new
do
Valencia
Loose Muscatel, new
Sultana
do
Currants, new
Citron, Leghorn
Prunes, Turkish
Dates
Figs
Canton Ginger
3 40
Western
....
pr.Ga., new.
Raspberries.
..•••••
••••
5 50
2 80
13
.8*
&
12
...0
13 0
7 00 0
25 @
13 0
11 0
8
“26
14
-
-
do
do. North Carolina ....
do.
do. Virginia
do
nnpared, halves A quarters
Blackberries.
CherrifcS* pitted..
Plums"......:;
17
13X3
V case.
cnr.
do
00
00
00
50
00
00
11*3
*
Apples, State, sliced,1873 crop
do
do
do
quarters
do
0
6X3
27X4
9ardlnes, V hi. box
Bardinas, f ar box
Macaroni, Italian........
Domestic Dried—
Peaches, pared,
0 '
2 75 0
....0
do
do
do
15
V lb
FRUIT—
Raisins, Seedless
24
20
19
16
15
15
•••••#
13
1*2
25
26
26
0
0
0
@
0
9X3
16
13X
13
30
13X
12X
27
80
27
12X
45
@
73
No. 2
2 75
••
pale
extra
4 50 ©
5 50 ©
13X0
OAKUM
oilcake—
City, bag, E. I. seed
@
6*0
10 @
gold
...
PETROLEUM—
Crude, in bulk
Crude in shipping order
Refined, standard white
Naptha, bbls
,
@
@
city
Beef, plain, new.
Beef, extra mess, new
Beef hams, new
RICE—
0
A
35
®
18
Liverpool .various sorts.
•••*••
<0
.
••••••
saek. 185
%
8
66
Heavy goods.
Pork....
35
55
.V* ton.
•£>£?•
Vobl.
@
fi
@
@
0
@
12
59
7
49
1 10
25
40
5
23
15
0
0
20
0
50
@
40
5!
43
0
0
0
?4
84
j».
a•
0....
34
15
sx
10X8....
8 0
0...
5 9
0....
50
33
36
34
28
0
0
0
0
32
S3
37
87
18
0
0
8*
0
8 ATI.
,
d.
,
d
».
9-164
2 6 0
25 0 0
40 0 0
9
10
56
48
*2
0
0
0
95
xa ...
0....
040 0
3 0
39 0
55 0
21*
7
13
35
34
STXA M.—
$.*L
26*
22
@ 10 75
0 9 50
39
ft,gold,net
Corn.b’lk A bgs. V bn.
Wheat, bulk A bags..
*
4
39
25
29
gold.
—
To Liv*bpooi'
Cotton
f
,
bbl.
Flour
Beel
80
48
85
25
0
25
unwashed
Sheet
40
••••
^ft
Merino unwashed
FREIGHTS—
80
65
90
.0
23
Smyrna,unwashed
8*
48
0
0
@
0
26X<*
79
i.
ZINC—
3 50
...
.
Turks Island
unwashed.
Cape Good H-ope,
Texas, fine
Texas, medium
iox
7*0
’72.
fillers. 72.
in“bpnd, black work......
bright work
50
00
00
11
0
5
Pulled
California. Spring Clip-
no
85
28
27
21**>
No. 1,
50
60
20
WOOLAmerican XX
American. Nos. I & 2
Fine.
0
0
0
0
0
@
0
10 50
9 1)0
“
“
South Am.
10X®
gold. 3 40 ©
7*@
Rangoon,In bond
Carolina, fair to choice
Louisiana, fair to prime
16
26
35
Plates,char.Terne
25
10X0
.V ft
pickled
Cadiz
79
Pennsylvania wrappers. ’71
Havana, com. to fine..
8X
17 12X0 17
14 25 @ 14
19 00 0 20
9 50
0 ll
12 50 0 13
20 00 0 25
V bbl
Pork, extra prime
Pork new mess
St. Martin ;.
53
(>
••
45
70
1 (X)
1 35
87
Nominal.
38
B•
Maim fac’d,
1 28
Sup’rto fine..
Ex. fine to finest
•*
13*
8X5
PROVISIONS-
19
33
33
Sup.to fine
Kx. fine to finest
TOBACCO—
Kentucky lugs.heavy
“
leaf,
“
Seed leaf, Conn. A Mass., wrprs.
5*
0
20
24
Skin. A Twan.. com. to fair.
Plates.I. C.chareoal
113 <0 1 15
.97 @
98
40 @
® 1 00
68 ©
70
0
62
1 60 ® —
185 ® 199
84 @
85
whiter
0
@
0
63
Banca
52X0
•••••••
18
87
30
1 19
80
45
8t.raits
....
35
55
85
35
65
95
0
42
TIN—
0 42 00
.....cur. 43 00 ®
3X
0
0
0
0
0
0
@
0
0
RU
cu».
English
Whale,bleached winter
Whale, Northern
Sperm, crude
Pork, prime mess
70
1 10
35
55
to fair
Sun. to fine
Extraflne toflnest
do
do
10
9
7X^ 7 H-16
28
40
60
SO
Uncolored Japan,Com. to lair
do
Sup’rtotine
Ex. fine to finest
do
Oolong, Common to ialr.,^
do
Superior to fine
do
Kx fine to finest
do- Choicest
Souc. A Cong., Com. to fair
7X@
#bush. 1 (K) @
2 85 @ 3 25
2 50 @ 2 75
II <g ....
—0
19
is
17*0
29 0
SI
38 0
39
7X0
9X4
9k0
9X4
8X4
7X0
Imperial, Com. to fair
17
1-2
9
8X
7X
10X
!0X
10X
9*
9X
9X
10X0
A
choicest
do
do
8
10X0
Gunpowder, com to fair
do
Sup. to fine
do Ex. fine to finest
do
do
8
8X
7 0
10X4
Vtt
do
Superior to fire
do
Extra fine to finest
Young Hyson.Com. to fair
Super.to fine
do
do
Ex. One to finest
do
Choicest
Hyson
1('X
6*4
8 @
A-standard centrif...
Hyson, Common
do
9X
10X
6X4
TALLOWWestern V 2>
do
9X
9X4
6X 4
do
Yellow
Other Yellow
11
16X0
ll @
Cottonseed, crude .......
Olive, in casks V gall..
Linseed, casks and bbls
Menhaden, prime light
Sperm, bleached
Lard oil, prime
19 to 20
granulated
do
do
off
White extra C
13
7
@
OILS—
Neatsioot
7X0
8X4
9X0
10X0
-
no
Princess
do
Soft white,
13*
do
do 13 to 15
do 16 to 18...
do
do
do
NUTS-
A’monds, Languedoc
do
Tarragona
Iviea
do
do
Shelled
7 ©
U»to 12
do
do
Hard, powdered
*80
@
"
Peanuts. Virginia
do
Wilmington, new
6*@
Nos. 7 to 9
do"
Defined—Hard, crushed
..
48
70
50
0
“
SALT—
4X0
8X
9X
7X
6X
"7X
8X
8X0
do
white
Rico,refining, com. to prime.
do
grocery, fair to choice..
Brazil, bags, D. S. Nos. 8 to 12
Java, do. D.S., N03.IO to 12
41
35
42 0
Spirits turpentine
'....V gall.
... @
Rosin com. to good strain’d # bbl. 2 65 @
3 00 @
No. 1
Hams,
Lard
’sx
8X4
do
36X
@
7X
7X
8X0
Manila
@
11
12
8 0
do
do
do
0
81 @
16X
17
7X0
pr.
37
....
10X
11X
Melado
Hav’a, Box.D. 8.
00
....
36 0
»7X
11X0
9 0
do
....
8 25
0
0
@
Porto
@
Hickory nuts
21
^ft
lair to good grocery....
30
2S
27X
Pitch, city
Pecans...
17 @
9X0
14 0
3 55
to choice grocery
centr.bhds. A bxs, No. 8 to 13
MolasseB, hhds A bxs. .... ..........
2 50
2 CO
3 (0
33 X
2 75
4 00
2 95
P 00
6 25
Fllberts, Sicily
do
Barcelona
Brazil nuts, new
Walnuts, Bordeaux
do
Naples
Grenoble
do
1 *9
prlm£, refining
27 0
26 0
25X0
2 40 ©
2 50 a
pale
1 87X0
....©
8 15
6X4
do
do
do
do
6*
0
NAVALSTORESTar, Washington
Tar, Wilmington
5 50
Cuba,inf.to com. refining
do fair to good refining
00
17
5*
00
....
40
!• gal.
good to prime
“
0
0
0
SUGAI:—
5 90
37 0
to
cnr.
Engllsh, cast,2dAlst quality
English, spring,2d A 1st quality
English blister, 2d A 1st quality
American blister
American cast, Tool
American cast.spring
American machinery
Amerl6an German spring
.
8X3
9 @
LEATHERHemlock. Buen, A’reB, h..m.&l.cur.
“
California, h., m. & 1..
“
“
Orinoco, Ac.,, h., m.A 1. “
“
rough
“
Slaughter crop
“
Oak. rough
“
"
—gold —@ 15 00
3 85
3 75
8 45
STEEL-
LEAD—
Ordinary, foreign
**
“
Whiskey
@135 00
.
gal’
Gln.S^vau and SWallow..
Domestic liquor8—Cash.
Alcohol (98 per ct) C. A W
34 00
31 00
Hoop
110 00 0155
Sheet, Russia, as to assort
gold.
16X0
Sheet, single, double A treble, com.
4X@
Rails,new,English
....gold .... @ 57
Rails new,American....
63 00 0 6 5
45
18
....«
St. Croix, 3d proof
...360 00 0.162 50
Scroll
1 25
&
....0
Brandy, foreign brands...... ?
Rum—Jam., 4th proof
15
Bar, Swedes,ordinary sizes
27 00
12
SPIRITS—
80
25
0
12*0
Cloves
stemn
do
11
11
IS
0
0
2.V
25
1 15 0
13X
0
0
18
19
11X0
1 15 @
80 OO
40 00
34 TO
Store Prices, each.
Western..
Mackerel, No. X, shore
Mackerel, Nb. I, Halifax
Mackerel, No. 1, Bay, late catch...,
6*
7 23
at
0
do
Calcutta..
Mrco
-
Pig, American, No. 1
Pig, American. No. 2
Pig, American Forge
..
Ginger African.
FISH—
5 25 0
21 00 3
16 00 0
15 25 3
15 25 A
14 59 3
14 50 3
5 60
25 0
Batavia
do
00
28
*
—0
white
do
"u
•
English Islands
36 X
r. 26
7 00
is
0
0
0
0
10
18
,.¥ft
Demerara
N.Orleans
21
00
at
20
19
15
0
....
4s
Crop of 1872
Crop of 1871
Crop of 1870
••
7 25
0
gold
Canslii, China i.lgiua
17
13X
13 X
....
HOPSCropoi 1878
62X
31
00
25
at
6X4
Pepper, Sumatra
do
Stiiunpore
25X
9
Calcutta, buffalo
25
8X
4X
5X
...0
cur.
Licorice paste,Calabria....
Licorice paste, Sicily
®
0
0
4X3
5*0
“
“
Cutch......
Gambler.
4
27
55
55
35
84*0
••
Cream tartar
21
31
7 00
6 1 0
6 19
5 25
SPICKS-
•26
25 X
VX0
16
gold
Cuba, clayed
3X3
v v_
2 50
SPELTER—
MOLASSES—
DRUGS A DYES-
,V lb
...
10x0
1 85
7 12X#
26
®
Texas, crop
COTTON—See special report.
Chlorate potash
Tsatlee, No.3chop
Tsatlee, re-rcelcd
Taysaam, Nos. 1 & 2
Canton, re-reeled No. 1.
21
....3
....3
Ingot
SILK —
HIDES—
....
® 20 00
..P ft.
.....
Hemp, foreign
Flaxseed,rough
Linseed.Calcutta V 56ftgold (time).
10
7X
5*
3X0
2*
SEED—
0233 00
0120 00
<3*211 pp
* 290 00
9X0
....0
....0
Timothy..
Plg,BCOtCD
32X3
4 8?X0
1100 @
T,000 tons chestnut
Liverpool gas cannel
Liverpool house canual
1 10
ll
18X0
• »
Clover, Western
HEMP
American dressed
American undressed
IRON-
5,000 tons egg...
23.000 tons stove
Sal
0
E. /. stock—1Calcutta slanght..
Calcutta, dead green
@
—
CHKRSK—
State factory, good to fan
State
SALTPETRE—
Refined, r»ure
Crude
Nitrate soda
4 23
8 75
0
cur.
BUTTER-
Do.
1
UA X
!
®
keg
HAY—
North Riyor.shlpplng
ova
Lime—Rockland,
>*>.*«if* r^fjt
v>iiiwj»i\ ii/JLtj;
GIJNNIEB,—See report under Cotton.
UENEUAL
Philadelphia.
*"
I in ci
l#M
•
•
•
.
80 0
0
9X0
5 6 0
4 0 81
•
eee
till
• •••
512
■
THE CHRONICLE
Commercial Cards.
Irvine K.
-
Chase,
I
-
Commercial Cards.
Ever
66
COMMISSION
COTTON
State
BUYER)
Advances made
McAlister & Wheless,
Street, Boston,
Sc
CO.,
on
Co.,
MERCHANTS.
STREET.
Securities, Gold, Stock*
and
mer¬
Bonds
Bought and Sold on Commission, and
LOANS NEGOTIATED.
Accounts received and Interest allowed on balances
which may be checked for at sight.
I MPO R T E R S
MERCHANTS,
AND
COMMISSION
Special attention given to Spinners’ orders.
spondence solicited.
George H.
MERCHANTS
Corre¬
30 Broad
nr
References.—Third and Fourth National
and Proprietors of Thk Chronicle.
Banks,
CHEMICALS, COLOBS, DYESTUFFS,
Chauncey,
MERCHANTS,
Street, New York,
&c, &c„ &c.
No. 23 Cedar
Branch Offices In
A
)
r.
.
City and Brooklyn Gas and Insurance
Davidson &
_
KUTTROfIf, (General Partners
FABRIK,
SpecialfPartnsr.
Sc
CO.,
Jones,
RANKERS,
and 61
59
KENDALL
SECURITIES
SPECIALTY.
Stocks Bough t and Sold at Current Kates.
Philadelphia and Boston.
WM. PICKHARDT,
ADOLF
BADISCHE AN1LIN & SODA
Prentiss,
Street, Room 23,
BROOKLYN
New York
Street, New York. ;
AGENTS FOR
Messrs.
BROAD
Government
consignments of approved
Wm Pickhardt&Kuttroft
NASHVILLE, TENNESSEE.
48 South
44
HEARD
COMMISSION
AND
Liberal cash advances made on consignment of
Cotton and Tobacco to our address; also to our friends
In Liverpool and Loudon.
chandize.
COTTON
COMMISSION
BANKERS
OF CHINA AND JAPAN.
REFERENCE.—First National Bank, Nashville.
Fabbri &
R, T. Wilson &
AGENTS FOR
Nagliville, Tennessee.
COMMISSION
Financial
Co.,
&
ett
AUGUSTINE
.
[May ie, 1874.
Street,
Wall
PREVOST
Messrs.
LIMA AND
Stocks carried on margin. Deposits received, sub¬
ject to check at sight, on which 4 per cent interest
Sc
CO.,
IQUIQUE, EERU,
Messrs. JNO. W.
Henry Lawrence & Sons,
MANUFACTURERS OF
VALPARAISO, CHILI,
BUY AND SELL STOCKS, GOLD AND GOVERN¬
MENT SECURITIES ON COMMISSION.
MANILA, SISAL, JUTE Sc TARRED
CORDAGE,
CATER, SONS Sc CO.,
LONDON, ENGLAND,
Tumbridge & Co.,
FOR EXPORT AND DOMESTIC
Messrs. JNO. W, CATER Sc
CO.,
192 FRONT
STREET
USE,
Advances made on
Consignments of approved mer¬
Wm.
pedal attention to everything connected with the
purchase and shipment of
J. Wilcox & Co.,
PRIME
of
Soda.
Buy and Sell Stocks on Margins or for Cash.
PUTS and CALLS negotiated at the lowest
market rates; $50 for 50 shares, $100 for
100 shares. Thirty-two page explanatory pam-
phlet mailed on application.
LEAF
STEARINE
LARD,
W. B.
LARD
LAUD
AUL,
PACKED
FOR
Leonard, Sheldon &Co.,
OIL,
COMPANY.
PURE
GKO. B. HOWELL.
W. O. SHELDON,
LKONABD,
AND
JEWELL,HARRISON
&
BROKERS.
AND
Street, New York,
39 Wall
s
Nitrate
BANKERS
NEW YORK.
LIVERPOOL, ENGLAND
chandise to the above houses.
Messrs. PrevoBt & Co., Iquique, are prepared to give
allowed.
BANKERS,
Washington, Vestry Sc Greenwich Sts.
climates.
STREET,
WALL
10
No.
SALES OFFICE:
DEALERS AND MANUFACTURERS
OF LARD OIL AND STEARINE.
PROVISION
ESTABLISHED 1841.
59
NEW YORK.
BEAVER
Smith, Baker & Co.,
COMMISSION
Hiogo, Japan.
REPRESENTED BY
E.
W.
Pine
66#
Olyphant
COMMISSION
New
&
Winslow, Lanier & Co.,
BANKERS,
York.
Co.,
MERCHANTS,
OLYPHANT Sc
Co., of China,
Wall St., New York.
Cheney Brothers,
Manchester, Conn.
Receive the accounts of interior banks, bankers,
corporations and Merchants.
Agents for the sale of City, County, and Railroad
Bonds ; Issue Letters of Credit for foreign travel.
LONDON CORRESPONDENTS
BROOME
5c
Stock, Gold and Exchange Brokers,
31 WALL
*
STRICTLY
Negotiated,
ON
Co.,
BANKERS,
Broad St., Cor.
NEW
Government Securities,
SODA
Exchange Place,
YORK.
Gold, Stocks and
Accounts received and interest allowed on
NALERATUS,
The Jobbing Trade
Slip, New York.
ONLY Supplied.
Bonds
bought and sold strictly on Commission.
AND
No. 11 Old
IN
STOCK & GOLD PRIVILEGES,
Explanatory circular, with references and quotation
which may
Balances,
be checked for at sight.
J. B. Dickinson.
J. Alden Gaylord,
MISCELLANEOUS
SECURITIES,
P. O. Box,
New York.
1272.
Refers by permission to
MESSRS. NICHOLS, STONE & CO.
COMMISSION.
prompt attention.
Thos Fyshk,
W. L. Comings,
Late one of the Agents of
Member of N. Y. Stock
the Bank of Brit. No. America. & Gold Exchanges.
25
of
STREET,
BROKERS
STREET, N. Y.
Loans
John Dwight & Co.,
SUPER-CARBONATE
Montague,
BROAD
33 WALL STREET.
STOCKS, GOLD & EXCHANGE BOUGHT & SOLD
STREET,
MANUFACTURERS OF
boston.
mailed to any address.
Stocks and Gold Bought and Sold on Commission.'
Comings,
Dickinson &
New York.
38 state street
6
COMPANY,
STREET, NEW YORK,
CITY BANK, Threadneedle Street.
SALESROOM:
477
WALL
Hazard &
NEW YORK,
All orders will receive
MANUFACTURERS,
Hartford and South
PINE STREET,
Fyshe
REPRESENTED by
104
BARING BROTHERS Sc
52
27
Hong; Kong:, Shanghai, Foochow Sr
Canton, China.
SILK
Financial.
Ward,
FOB
AGENTS
CORLIES,
Street,
YORK.
& G. C.
S. G
NEW YORK.
MERCHANTS
Yokohama and
NEW
STREET,
Platt K. Dickinson.
Member N. Y. Stock & Gold Excbge.
STOCKS AND GOLD!
Operations are much safer and more satisfactory
when made against “ Privileges,” the negotiation of
which we make a specialty. One hundred dollars and
commission will purchase a first-class “ Put” or “Call *
for one hundred shares of Btock, which can be deliver¬
ed or called at any time in Thirty or Sixty (60) Days,
according to terms of contract. *z Double Privileges"
cost from $250 to $400 per one hundred shares, and are
In every way satisfactory, as they cover a decline or an
One hundred and twenty-five dollars and
advance.
commission will purchase a “Put” or a “Call”for
$50,000 Gold any time in thirty days; $250 and commis¬
sion, sixty days.
STOCK and GOLD PRIVILEGES are becoming more
popular every day, as It Is not necessary to risk more
than amount paid for Privileges. We have completed
a “ Circular” fully explaining “ Privileges,” with prac¬
tical illustrations, whidi we will mall to any address.
We refer by permission to Messrs. Van Schaick & Co.,
Messrs. Scott, Strong & Co., James Struthers, Esq.,
New York. All orders will have prompt attention, and
further information furnished.
LAPSLEY
Howabd C.
Dickinson,
Member N. Y. Stock Exchange.
Brokers,
No.
Sc
BAZLEY,
74 Broadway.
@FedFRASER