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HUNT’S
MERCHANTS’
MAGAZINE,
|)k W**kltj g*wjspaper,
REPRESENTING
THE
INDUSTRIAL
VOL. 26.
AND COMMERCIAL
13, and
4*1
ing—
.
Latest
483
Commercial
News....
Superintendent Lamb and Sav¬
THE
484
ings Banks
Monetary and Commercial
English News
485
4:2
British Commerce and Privateer¬
and
Miscellaneous
487
...»
BANKERS* GAZETTE.
Money Market, U. S. Securities,
i Quotations of Stocks and Bonds.. 491
i Local Securities
492
Railway Stocks, Gold Market,
Foreign Exchange, N. Y. City
.....
I Investments, and State, City and
Banks, National Banks, etc..... 488 |
Corporation Finances........... 493
THE
COMMERCIAL TIMES.
Commercial Epitome
Cotton
Breadstuffs
r
497 I Dry Goods
497
502
503
I Imports. Receipts and Exports.... 504
j Prices Current
505
Ctotticle.
and
Financial Chronicle is issued
day morning, with the latest
news up
on
Satur-
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SUCCESS OF THE SYNDICATE.
Once
the
Treasury has proved to the country
the advantages of the Syndicate system of negotiating
large Government loans in this country. On Tuesday
of this week an additional $10,000,000 were subscribed
for, leaving but fifteen millions out of the fifty millions
untaken. It was also reported by the daily press of
yesterday morning that the remaining fifteen millions had
been subscribed for on Thursday. This announcement,
however, we find: on inquiry was premature; and yet
undoubtedly within a day or two it will be done,
so that
virtually Mr.* Secretary Sherman has now
completed the negotiation of the Resumption loan,
which was expected to1 remain open until the dose of
this year. Notwithstanding the
predictions of a num¬
ber of persons
usually well, informed, the demand for
these bonds has steadily increased since the contract was
signed, and the sales have averaged nearly a million
and a Quarter a
day. The first issue was made on April
more
UNITED STATES.
on
NO. 673.
Thursday the total sales
were
officially
reported at $36,250,000. As might have been expected
from the high prices of all investment securities of estab-
THE CHRONICLE.
Success of the Syndicate...
The Process of Recovery
„
OF THE
SATURDAY, MAY 18, 1878.
CONTENT8.
The Commercial
INTERESTS
lished
reputation, the purchasers of the new Resump¬
numerous
among the savings banks
the trustees of large estates, the banks and bankers of
our chief cities, and the trust and insurance
companies
throughout the country.
Gratifying as is the successful negotiation in a
single month of a loan which was expected to drag
through eight* or nine months, we must not forget
that the machinery by which the success has been
achieved has been of slow growth. In July, 1874,
Mr. Secretary Bristow began with the Syndicate a series
of negotiations that have continued up to the present
time, the results of which have almost always disap*
pointed very agreeably all but the more sanguine critics
of the new method of Treasury negotiation.
Many
persons have supposed that the Treasury ought to have
called the banks to its aid, and that through their agency
bonds could be sold for resumption purposes, as well as
for the refunding of the debt, so that there would be no
necessity for summoning the aid of private enterprise
either in the form of a Syndicate or otherwise. There
is much that is plausible and attractive, as well as ad¬
vantageous and true, in the arguments which have been
put forth in defense of this method of procedure. They
have been received, moreover, with more respect and
have commanded a greater share of public confidence,
tion loan have been
because of the successful trial which
method of Government
was
made, of the
negotiation by the banka under
secretaryship in the autumn of 1861, at the
beginning of the war.
—
But we have so recently discussed this subject that we
will now offer no further evidence of the superior avail ability of the Syndicate machinery at the present crisis.
There are one or two facts, however, which, in the popu¬
lar mind, seem to have had great weight, and have tended
to remove many of the objections and prejudices for¬
merly prevalent against the Syndicate. First, there is
the uniform success which? has attended every negotia¬
tion which these gentlemen have undertaken. Almost
invariably they have rendered to the Treasury the timely
and much needed help demanded of them sooner than
was stipulated in the contract.
Who of us can measure
the advantage to the business, the finances and the pub¬
lic credit of this country, or can estimate in money the
valne to our industrial prosperity and economic strength,
which has been secured during the last fiscal year by
those safeguards which have made the path to resump¬
tion certain and easy. And among these safeguards,
Mr. Chase’s
^
THE CHRONICLE.
482
[Tou XXVI.
prominent place has been accorded in the public egti- induce Europe to let us* have (It for wheat: or cotton or
nation to the Syndicate operations by which, in the past, pork or bonds (so long as we are compelled to keepthe
all needfnl loans have been successfully placed, and any bonds out), or better still for all these, is quite iinttifrs.
future loans which may be needful can in all probability terial, so far as the result is concerned. The farmer miy
sell his wheat in Liverpool for gold, and the Wall street
be negotiated with equal ease.
Secondly, there is a circumstance which is beginning banker may sell in the same place andi for the^same
to be better appreciated by the public in connection amount, the 4£ per cent bond he holds ; this new capital
with the Syndicate, and which ^cannot be too much is just as effective in one case as the other, to develop
dwelt upon. We refer to the plethora of idle capital in the mine or factory or farm into whichit goes.
the money markets abroad, and to the facilities which A few weeks since, however, our credit had sunk
are offered by the Syndicate for attracting a considerable so low that the farmer was selling his wheat and cotton
portion of such capital towards our Government securi¬ in Liverpool, and taking in payment a 4£ per cent bond
ties. It is well known that large amounts of five-twenties instead of gold, drawing out of productive employment
and of other Government bonds have been returned here in this country just so much capital. It is, consequently,
from Continental Europe and also from England. This a very hopeful feature in the present situation that the
movement has been so notorious as to give rise to the loan which Mr. Sherman has placed through the Syndi¬
belief that the disposition to invest in our Government cate bankers, and the assurance it gives: of a speedy
bonds was declining in Europe. Careful inquiries, how¬ return to specie payments, has so increased confidence in
ever, do not sustain this opinion.
On the contrary, it is our securities that they are no longer returned to us for
believed by those who have the best means of knowing our wheat and cotton and pork, but are again being
that, whether war or peace counsels shall prevail, the taken from us at improved prices. We have therefore
demand for U. S. bonds among an increasing class of in our improved credit the prospect of an increased
investors in Great Britain will sooner or later grow supply of foreign capital at low rates of interest, to help
rapidly, and that its development can scarcely be long us take a new start in developing eur wonderful
delayed.^ One of the reasons for this theory is that the resources.
London stock market has not only an unprecedented
Closely allied to these considerations is the largelysupply of capital seeking investment, but that a large increased export movement of merchandise that is in
a
part of the favorite securities formerly so much sought progress, which the monthly trade statements disclose.
after have been discredited, so that an opening is offered We do*not now refer to the imports, or to the trade
for securities such as our Government bonds, and that balance so far as it is affected by the imports, as much of
with proper management this demand will soon become that is the result of the poverty of our people and of
In fact, it is stated that a foreign offer has
popular.
been made this week to take one hundred millions of our
four per cent funding bonds. The terms of subscription
have not yet been published, but from the facts that have
enforced retrenchment.
Bat the exports
indicate
pro^-
agricultural products or goods, and
looking at the lists of articles and making inquiry in
trade circles it is found, that the number of those
articles is constantly multiplying in which a profitable
business in foreign markets is possible. Our position in
ductien either of
tr&nipired, and from Mr. Sherman’s well-known sagacity
and promptitude in favoring such negotiations when
they are for the real interest of the Treasury and of the this respect, compared with s previous periods of depres¬
tountry, we should not be surprised to learn something sion, or, in fact, even with very recent dates, is remark¬
more definite about this new four per cent foreign loan
able, many industries having,, through economies of
which necessity has been the teacher since the panic,
before the close of the present month.
made
THE PROCESS OF RECOVERY.
feeling very widely prevails that a return to specie
payments is to be accompanied with, or means a longcontinued depression of all industries and values ; and
A
hi Support
is cited.
of this view the experience of 1842 and 1857
This is the latest form in which the evils of
tteBumption
are
presented. A short time since much was
a
foothold for themselves in other
this amazing increase in exports
countries;
which the
official figures Bhow, the total value of merchandise
being for the nine months ending March 31, 1878,
$533,031,130, against $470,283,200 for the nine months
ending March 31, 1877, and $413,113,527 for the nine
months ending March 31, 1876—an increase of $120,000,000 daring the last nine months over the total for
Hence
beard of the close money market which was to precede and the same mouths of two years since.
But there are other' evidences even more
follow the same event ; that fear neither arguments nor
manifest of
precedents could remove, but it has finally subsided under an increasing purchasing power among our people.
the influence of the opposite condition daily apparent. Economies such as have been practiced of late years
In its place, however, we now have this latest idea of an would" naturally and must of necessity lead to that
indefinite depression. It will be interesting as bearing result, especially in connection with the large crops we
wpon this point, to briDg together some of the marked have produced and exports of merchandise made during
features of the present eommercial situation; they are the same period, which have been quietly cumulating in
mil familiar to our readers, but have a special interest and their influence. We are sure that these recuperating
significance, taken in connection with the -fact that we forces have been at work, but we could not at once mark
the resulting increase in national wealth any mpre than
iore nearing specie payments.
i And, first, our credit is rapidly improving.
This will we can see the tree grow, but time has proved,, by the
bet be considered very important by that class of public new energies developing, that growth has been in prog¬
What but this is the constant rise in the price of
men represented by Mr. Stanley Matthews, who, in ress.
Speaking1 on his silver resolution, in answer to a and demand for lands during the past year throughout
question, asked, “What have we to do with abroad?” all the Western States. Every one of them hasyeported
But, as the common-school system-prevails in«this it. And now, since the beginning of4878, there is heard
country, the most of us have passed the point which the ceaseless tread of a vast army of emigrants on their
seemed to puzzle Mr. Matthews. Capital is what thi& march for the far West. Railroad and United States
'young, undeveloped country wants, and whether we, can Land Department officers are everywhere besiege dby
,
a***, 18.,1878. J
■
,*qr>pl}c*nts for land*. The StiPaui Prwi giyes the.lol- we refer to the
large earnings, exports and crops, tbo
lowing summary of the Government and railroad land increased
inquiry for land, and the additional
sales in that State for the three months
ending April 1 : which is going under cultivation, with the new acreage
demand
for labor thus made
2^ortli6ni Pacific*•*««««...*«.««.
119*300
necessary
in
every department of £h<i
St. P4^l 4.P4ciflc (niaiii lino)
44>356 trades affected,
as the sure signs of improvement
St. Paul A Pacific (branch line)
76,000
already
St Paul A Sioux
..«
■••.•«•••••••••••••
»..««.
•«»«..«««
••••<•■•••*
City
•
'
'
'
^ ' ■'
V
\
■The Western Minnesota land oflices......
The
£95,658
497,215
Fargo land office (estimated).
Total.
56,000
a
"
475,000
.
....
1,267,671
The
above, it says, does not include the sales of large
tracts to colonies, &c. ; for the last seven
months, the
total number of acres disposed of in Minnesota
and
.northern Dakota has been about
2,550,000 acres.
enforcing the
We may
progress else¬
truth.
same
BRITISH COMMERCE AND
In the present state of the
PRIVATEERING.
public mind, and while
Other
sections send equally remarkable accounts.
obtain an indication of the movement in
where from the railroad reports
apparent, and an earnest which every one must
recog¬
nize of further and more
rapid progress in the future. ,>
j
Want of space compels us to defer to another
weefc
some other
suggestions which we intended to offer
.
the question of
peace or war remains
undecided,
it is not wonderful that
privateering and its prob¬
able effects on
British^ commerce, in the event of
should be largely
war,
published monthly, the
following being some of the latest, showing the land
engaging attention.
The
sales for the four months ending
subject,
in
has
been
fact,
forced
on our
May 1st this year and
considers- '
-last Jyear :
tion by the presence of the
Cimbria in American
1873.
1877.
Atch;son Topeka A Santa Fe
waters,
by
the
purchase of the new iron steamship in
$416,863
$79,436
Union Paific
;
547,782
Philadelphia,
and
36,141
by the general activity of Russian '
MiBBOiri Kansas & Texas
87,032
agents.
It
is
no longer doubtful that Russia has
Burlington & Missouri River in Nebraska
"made
971,217
55,417
up her mind, should war become a
Total for the;e roads.....
necessity, to lend
$2,022,884
.
.
;
:
•
,
1
.
.
t
$170,994
'
*
*
These facts as to the increase in the demand
for and
the rise in the value of
;
every
encouragement
to
privateering
of
as a
r
possible
taking revenge upon, if not of crippling, her
farming lands throughout the adversary.
West, in connection with the present active inquiry for
That some such course would be
adopted by Russia
and purchase of railroad and
public lands, are evidences in the event of a war with
England has long been
of the fresh start which has been made in that
section, and apparent. It is on the side of her commerce that
the promise rof an increased
Eng¬
production which must be land presents her most vulnerable
point. Her sea¬
the result of this large extension of the area
cultivated girt shores and her
naval
magnificent
armaments ren¬
and new labor
employed.^ After such a period of pros¬ der her safe at home from all means of attack
; but her ;
tration as we have passed through, this is the natural
richly-laden vessels are numerous on every sea, and her
process of recovery; large crops permitting and
inviting well-known banner floats proudly in almost every harbor
increased acreage and
putting idle hands to work.
in the world. It is true that for war
purposes she has n
But this new life, which is thus
being developed from navy, by far the largest and best equipped in the world
our own
soil and drawn from
foreign .markets, is —a navy which would make the work of the!
privateer
giving other evidences of its presence. Much has one of
exceeding
hardship and peril. There are those^
been written within the
past two years of the extreme however, to whom
hardship and,peril are special attrac¬
hopefulness of the situation, owing to these very causes. tions
; and in spite of the most powerful and
vigilant
The sentiment,
however, has been repeated so often navy, it is always possible for the
privateer
to
inflict
without any improvement in business
following,
that damage on merchant vessels with at least the
hope of
we have, as
a people, finally lost all faith in these
impunity.
promises of recovery.
Still the truth is unchanged
How far British commerce would
suffer, or whether
and has been
quietly and slowly working, and is it would suffer at all, by the use of such means
on the
now
beginning to prove itself by outward signs. In part of the
enemy are questions which, before the fact,
addition to what we have said above we have
further it is impossible for any one to answer
authoritatively.
evidence; in the business of our railroads.
We pub¬ There are many who have come to the
conclusion
that
lished the earnings for four months last week of
:
•'■.*{'
(
the
effect
of
a
twentywell-organized privateer system would bo
five roads, showing a net increase of
$2,404,823. This, seriously to cripple the mercantile navy of
England. Wo
we think,
may be taken as a fair indication of the
gen¬ are reminded of the effect of the
privateering of the
eral condition of railroad
property at the present South on our own commerce
during the civil war. In *
moment, resulting from
increase of
freight in brief space of time the Confederate States, while without
part, but also to a
means
...
considerable
passenger
business.
months ,a ten per
Thus, then,
we
extent
of
the
*
-
.
*
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.
'*
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v
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-
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'
‘
' /
* *
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’ * ‘'
.
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any commerce of their own, and with all their harbors
means of some half a dozen hostile
have for those blockaded, by
cent addition to the gross .earn¬ cruisers,
literally annihilated the commerce of the
And what does that
North
and
promise? It
swept the flag of the United States from the
promises dividends to stockholders and interest on bonds ocean. Russia is in
every sense more favorably circum¬
which have heretofore furnished no
income to their stanced than were the Confederates. She has
an estab¬
possessors; and that, again, means an increase of
pur¬ lished and recognized place in the community of nations.
chasing-power among the people; and that finally ends Under her flag the
privateer would be allowed unques¬
in an enlarged demand for commodities
and for manu¬ tioned to enter
any neutral port and there to claim
factured goods of every description. We do not say, and his privileges. No
difficulty would be raised on the
certainly do not expect, that this is all to he experienced
question of belligerent rights. Once at sea he would, no
in a day, or that
every industry is to be at once revived, doubt, have to
keep a sharp look out for the war ships
because railroads are
earning more. We take the rail- of the enemy, but his opportunities would be abundant.
ings of railroads.
W^ pysMni .and otbcr
of the
matters
improved condition
referred to simply as
of the
a If the Confederate
States, with their limited means and
farming sections'; opportunities, could inflict such damage on Ameriewi
,
^'4v
aj
rm xxvi.
THE CHRONICLE
484
commerce,
might
not
larger
what irreparable injury, it is asked,
Russia inflict, with her superior means, her
bank system, his main point being that, as
banks have not, after all, inflicted a larger
a
whole, the
rate of loss
upon their depositors than has accrued upon other classes
on the commerce of Great Britian ?
of invested funds. The failures in this city began in
He would be a'bold man who would say that from
such a source Great Britain has nothing to fear. What" November, 1871, thus antedating the break-down of 1873,
opportunities,
twenty-two banks in all have gone under, owing
might be the ultimate result, the immediate result
would certainly be to increase the rate of insurance on depositors an aggregate of $12,188,771; of this, Mr.
Lamb says, $4,868,761 has been paid already—40 cents
goods in British vessels. This would be a serious blow at
on the dollar—and “the best attainable information
the outset; and if the privateering should be attendee
with any degree of success, the evil would b*e greatly to-day from trustworthy official sources indicates ” that,
within a year from July 1 next, the aggregate payments
aggravated, as the vessels of other nations would come
and
ever
We are not of those, however, who see
in the privateer the means of permanently destroying or
even of seriously crippling British trade on the high seas
It is true, as we have said, that her vessels are everywhere
and that the privateer could have no difficulty, at any time,
in sighting his prey.
It is n9t the less true, however,
that her men-of-war are also on every sea, and that the
merchant vessel could never be long without protection.
In times gone by, when England was less powerful and
less rich than she now is, it was the custom to send
along with the merchantmen war ships as a convoy
What was done then can be repeated now. It is a grand
mistake to institute a comparison between the condition
of the England of to-day and the condition of the
United States at the commencement of the war. Our
mercantile navy was one of the largest in the world;
but we were almost totally destitute of ships of war.
We were doing a magnificent carrying trade; but when
that trade was attacked by the Confederates we had no
means of protecting it.
Our apparent strength was
thus a source of weakness. The merchant ships fell an
easy prey to the Confederate cruisers. In this respect
the condition of Great Britain to-day stands out in strik¬
ing contrast. Unless we greatly mistake, her iron-clads
and her swift-moving steam rams will make short,
sharp work with the privateers. She has vessels enough
to guard her coasts and to scour the seas besides.
Nor
must we forget her resources.
She has money and
material enough to multiply her war ships indefinitely.
War has always been a gain to the carrying trade of
England. It was so in 1812. It was so in the years
which preceded the downfall of the First Napoleon.
In later years it has not been different; and. it would
not be wonderful if as the result of a war with Russia,
into competition.
and of any attempt at privateering, she should
forth from the struggle more powerful and more
perous at sea
than
come
pros¬
ever.
sympathy and aid of other powers Russia
can have no show with England on the high seas.
There is but one nation which can give the needed
assistance to the great Northern Power. The United
States alone has all the requisite means and material
for successful privateering. Our hands, however, are
Without the
$7,885,155, or 65 cents on the dollar, leaving
direct net loss, interest not computed for the period of
will reach
a
waiting, of $4,303,616, or 35 per cent. Taking this lossfigure as a subject for comparison, Mr. Lamb concludes
that if the 171 millions of savings deposits in this city
at the beginning of 1872 had then been invested in
governments at current prices and held until now, the
loss by shrinkage would be over 7 millions, and would
be over 22 millions if the deposits had all been put into
governments January 1, 1875, when prices were high ;
had they been invested in good bank stocks, or in stocks
of the best Eastern railroads, or in city real estate, at
.
,
beginning of 1872, the loss by shrinkage would have
respectively 34, 30, and 45 millions; and that, if at
that time the proposed government postal 4 per cent
bonds had been in existence and the deposits had been
invested in them, there would have been paid, since that
time, nearly 12 millions less in interest to depositors than
they actually have received.
Sympathizing most fully with Mr. Lamb’s intent to
show, on a general and comparative view, how large the
actual net loss has been, and that it is not justly to be
taken as condemnatory of the system, we cannot avoid
noting the somewhat erroneous character of his reasoning.
Accepting his figures without scrutiny—for, being used
as illustrative only, inaccuracy in them would not be
material unless it were large—the supposition he makes
for a comparison is rather far fetched, for few holders of
governments would allow them to shrink so largely and
continuously on their hands. But this is not the worst
error; since on its face the letter seems to reach the con¬
the
been
loss of 35 per cent by a number of failed
banks is less than would have accrued by shrinkage on governments had the assets been invested in them.
But, of
clusion that
a
*
the writer did not mean to say that there has
been a shrinkage of anything like 35 per cent on govern¬
ments.
He takes, however, the actual loss on the
course,
deposits of the failed banks, and, comparing this with an
imagined shrinkage on the deposits of all the banks
in
finds the
an imagined investment
governments,
actual loss comparatively small. * But this is irrelevant,
by
as
there is
really
no
natural relation between the losses
banks and those which,
might have been realized through
actually realized through certain
laws and the arrangements come to at in a hypothetical case,
the Conference of Geneva forbid us to take any part in all the banks taken together.
Criticism of this letter would not,
tied.
Our
own
however, be worth
better if war should be rendered unnecessary and* while but for the fact that a defense of the savings sys¬
therefore, averted. If* however, the sword should be tem, erroneously taken, tends in some degree to obscure
drawn, there seems but little likelihood that Great the important point which ought to be pressed upon
Britain, for the present at least, will lose her prestige public attention and the distinctions which ought to be
drawn. The trouble with savings banks has not been
on the high seas.
the shrinkage of government bonds or of good assets ;
if other evidence of this: were lacking, it would be sufSUPERINTENDENT LAMB AND SA VINOS
iciently established by the fact that the banks which
privateering enterprises against England.
BANES.
It will be
iaVe
been and yet are
the largest and Strongest
have
Ill the form of an open letter to the President of the always had the largest actual and relative portion' of
Seamen’s Savings Bank, Acting Superintendent Lamb heir assets in governments, and that, on the contrary,
has addressed to the public a defensev of the savings those which have failed never had any considerable
-m
■:C-
amount of governments.
To
compare the losses by
actual or the conceivable
with either the
shrinkage on governments, whether the hasty reader
concludes that the failures are ascribable to such shrink¬
age or not, is unwittingly to divert attention from the
fact that mismanagement has been the sole trouble. No
class of bonds except those of Southern States has caused
any considerable loss to savings banks ; the trouble has
been, not a shrinkage, in but a woeful lack of, good assets.
The failed banks were ephemeral, unnecessary, what Mr*
Lamb calls the “ suckers” that sprang out of too exuber¬
those banks
permitted and even stimulated,
just as life-insurance companies were, by a loose and mis¬
chievous law. They were institutions for borrowing,
not for lending.
While we dd not say that many of
them, or even that any, were started with the deliberate
purpose of robbery, they were started with the purpose of
providing salaried positions or of conveniently borrow¬
ing from the public by certain persons whose needs were
greater than their responsibility. When two or three
men, who could not have borrowed a dollar in the direct
way from the wages-earning classes, could draw deposits
from those classes by simply taking an office and putting
ant
growth
;
they
were
the word “ savings-bank” on a
sign over the door, noth¬
ing could be more natural than to do so; and nothing
could be more convenient, in a speculative time, for
persons who were up to their eyes in various operations
which were going to pay but wanted more cash first,
than to avoid the hard scrutiny of banks of issue by
having friends
485
THE CHRONICLE.
Mat 18. 1878.]
in savings banks who would “ let
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATBST DATES.
EXCHANGE AT LONDONMAT 3.
ox—
*1X3.
EXCHANGE ON LONDON.
LATXBT
BATS.
Paris
short.
Pails
ft months.
I*
Berlin
•
Hamburg...;..
;
(i
Frankfort.../
it
Antwerp
Amsterdam..
(•
35.18# fc25.33#
35.30 {£35.35
30.59 @30.63
30.59 @30.63
30.59 @30.63
35.83@35.8? 34
13.8 @13.3
short.
Amsterdam... 3 mouths. 18.4#@13.5
u
Vienna..
13.5234® 12.57 #
it
28.35 @38.30
Genoa.
4%
28.25 @28.80
Naples.
4ft
81 #@*2#
Bt. Petersburg.
44
Madrid
47*@47#
.
C4
Cadiz
Lisbon
New York
Rio de Janeho.
Bahia.
Pernambuco..
90
Bombay
60 days.
.......
-
....
47\@48
51#@51#
days.
•
»
♦
•
•
♦
•
la. 8#d.
1a. 8)4 d.
Hong Kong...
•
•
•
•
•
•
•
•
•
•
at*
•
Shanghai.....
Alexandria....
•
•
•
•
« •
•
•
•
•
BATS.
May 3.
short
15.14
May 8.
short.
3 mos.
short.
20.44
80.44
20.44
May 3.
May 3.
May 3.
44
85.17#
64
May 3.
....
12.12
....
.....
May 3.
8 mos.
182.70
May 3.
short.
3J.65
mmmm
Apr. 80.
Apr. 80.
8 mos.
•
•
•
33 9-16
48.£0
•
....
May 3.
Mar. 15.
Mar. 27.
Mar. 39.
H
Calcutta
Tim.
DATS.
a
May 3.
May 1.
60
90
dsys.
days.
tt
««
6 mos.
44
tt
Apr. 30.
Apr. 30.
44
May 1.
3 mos.
4.86#
33#
23#
23#
la. 8%d.
la. 8 1&-16&
8a. lid.
5a. 8#d.
97#
IFrom our own correspondent.]
London, Saturday, May 4,1878,
Parliament will meet on
Monday, and the week just closing
speech-making in the provinces. Mr. Bright
has addressed the liberals of Manchester, and three members of
the Government have also spoken. Mr. Bright's speech has by
no means made a favorable impression.
It was the usual story
of peace-at-any-price, and was very abusive of the
Government^
and especially of the Prime Minister. Russia seems to Mr. Bright
to be the only civilizing power in the world, and may break treaties
and aggrandize herself without scruple; but England is not to bo
has been devoted to
Such banks were allowed to defend her own interests. We all know that in the
majority of instances peace may he had for a consideration, hut
simply personal conveniences; of course, their assets woe to that nation which is always purchasing it. Mr. Bright
became unsubstantial, and, of course, they went also made the
astounding remark that our rule in India was ft
them
have” what
they needed.
under.
The
point, therefore, which Mr. Lamb makes, but only
weakjens by his unfortunate comparisons, is that these
exploded frauds had no title to be called savings banks.
The wildest errors in figuring shake nobody’s trust in
arithmetic; the only just inference from these failures is
to make the system itself appear the stronger, for the
very laws which pull down weak structures hold up the
strong ones the more firmly. So when either alleged or
actual depositors, or any other assemblage of persons,
'
their “absolute want of confidence in the sav“
ings-bank system as at present administered and the
express
great despotism, and by comparison he regarded the Czar's Govern¬
ment
The majority of English people
possible liberty enjoyed in India.,
allowed to possess a considerable
and each religious sect is free to exercise its peculiar rites
as
lesser
a
despotism.
K
believe that there is every
Even the native princes are
army,
without molestation.
This cannot be said of Russia.
Her church
intolerant, and we know that a long period of oppression
produced much discontent among the people. It has evenbeen asserted that one of the objects of the war was to divertthe people's attention from domestic to foreign affairs, and thus
postpone a revolution which some say is inevitable. The British
is most
has
Government
are
still firm in their conviction that to
ensure
peaee^
prepared for war, and they are still of opinion thatV.
yield.
J
:
The opponents of the Government are of course criticising
“inefficiency of the laws under which they are organized
“and operated,” they contradict the facts and exert a severely every action of the Government, and, naturally, condemn
mischievous influence.
But, says the objector: How are the policy of employing Indian troops. That policy was a veryV'
bold one, but it has met so far with an unequivocal success; aud¬
we to distinguish between the
genuine bank and the false ? it is believed that a
large portion of our Indian army would, if
Only by using judgment, as in distinguishing between the neceseary, volunteer for foreign service. As far as this country
reputable merchant and the one who cheats in every is concerned, India makes the Eastern Question, and on such ft
transaction; we can give no other rule. As to the question, therefore, it is contended that our Indian forces should
banks, age is a proof, for the failed ones were young; be employed. The impression is that the country would not sanc-£j
tion the employment of our native Indian army, except for
purposes]
next, two very conclusive facts are to be remembered.
Firstj those banks were not only mismanaged, but were
organized with the intent to mismanage; their purpose
was illegitimate, as above explained, and they should
therefore be considered as a class by themselves; their
failure merely showed what they were, not at all indi¬
cating what the legitimate banks were. Secondly—^what
is persistently overlooked by reckless assailants—the
banking law has been materially although not quite
fully amended, and under it a repetition of the old
abused is impossible. No postal savings system nearly as
well guarded has been proposed, and we cannot forget
the .Freedmen’tf Bank;; hence, with a very careful con¬
sideration of the Bubject, we have pronounced the banks
afld tbesystem in this State never so strong and so
worthy of, tiust ais now.
we
must be
Russia will
which
.
India.
The enthusiasm with which the
troops^
and
very gratifying,
perhaps those whoi
believed that Russia could do what she liked with that country
will now form a different opinion.
The mere fact that the polity
of Russia has been, and is, to destroy the Ottoman empire and toC;
crush the Mohammedan religion should be sufficient to proved
that the Russian Government is the enemy of the Indian race.
The money market during the week has been somewhat firmer*!;
The Bank return is very unfavorable, the proportion bf":
reserve to liabilities being only about 824 per cent.
Moderate
arrivals of gold are taking place, but the supplies of bare are pur*
chased for exportation. Sovereigns, however, are now retnrnibgV
from Egypt, and these as they arrive are tent into the Bank.
The position of the Bank, however, is by no means a satisfactory
one.
During the summer months, it is possible that there will be
some increase of strength, but the impression is that the improve*:
concern
have left
.
Bombay is
is desired. The oplpibhlft^
still entertained that when the autumnal demand formoney
ment will not be
so
considerable
as
shal^
486
THE CHRONICLE.
set in the
of the Bank will be
reserve
at a low point, and that
dearer money will be the result. There will, however, should
the present favo’able weather continue, be a
good harvest, and
from foreign countries the reports are
very satisfactory. The
probability is, therefore, that we shall have to pay much less for
wheat, unless, of course, we should be engaged in a protractec
war with Russia.
There are still great complaints
respecting
the supply of mercantile paper, and the
reports from nearly all
sections of commerce being very unfavorable, there is no
hop a of
Immediate improvement.
Annexed are the present quotations
for money.
Per cent.
| Open-market rates:
Per cent
j 4 months'bank bills...... 2&©2V
[
6 months* bank bills
2*@2*
24 and 6 months' trade bills. 3 @3#
Bankrate..
3
Open-market rates:
aoand COdJtys’ bills
3 months'bills
!
2V@2*
The rates of
interest allowed
discount houses for
deposits
are
by the joint-stock banks and
subjoined
:
Per ct.
2
2
Joint-stock banks
Discount houses at call
Discount houses with 7 days’ notice
Discount houses with 14 days’ notice
Annexed is
statement
a
2*
8X
showing the present position of the
Bank of England, the Bank rate of discount, the
price of Consols,
the average quotation for English wheat, the
price of Middling
Upland cotton, of No. 40*s Mule twist, fair second quality, and
tire Bankers’ Clearing House return,
compared with the four
previous
years:
1S74.
Circulation—Including
1375.
£
.bank post bi Is
27,049.065
Public deposits
7,113,589
Other deposits
20,012,507
Government securities. 18,804,274
Other securiiies
27,781,564
Reserve of notes and
Coin
and bullion in
both departments
f
4o liabilities
£
£
27,910,963
5,708,^79
17,208,510
13.588,116
18,922,659
28,552,376
1878.
£
9,398,533
13,157,471
10,926,635
9,660,755
1,289,947
20,969,378
26,377,261
25,034,621
22,827,225
47*25
32*57
2 p. c.
96
44s. lid.
37*55
3 p. C.
94
55s. lOd.
51s. 8d.
634 d.
5Vd.
5Vd.
Bank-rate.
4 p. c.
Conaois....
3)4 p. c.
94
4 is. 10(1.
7 15-16d.
-
l|sh wheat,av. price
Upland col ton...
62s. id.
15-16d.
Bo. 40*s mule twis^fair
AMERICAN DOLLAR BONDS AND SHARKS.
Redm.
8 p. c.
94X
Is. Id.
Is. 2)4d.
UUd.
9Vd.
9j*'d.
9,118,COO 139.869.UC0 11O.51LO00 110,461,000 101,396,000
Do
Do
Do
Do
Do
GOLD.
r
per oz. standard.
per oz. standard.
per oz., nominal.
peroz.
bpanish Doubloons
South American Doubloons
United States Gold Coin
German gold coin
peroz.
77 10
78 0
74 6
73 10
76 i
peroz.
76
Bar Silver, fine
Bur Silver, con’ng 5 grs. Gold
Mexican Dolars
Five Franc Pieces
...
@
....
@74
©
@
DoCalifor.AOregon Div.lst mort.gld.bds,6s. 1892
Do
Land grant bonds
Chicago Burl. & Quincy sinking fund bonds...
®
*3*
@
Do.
weekly sale of India Council bills passed off unsatisfac¬
torily. The rate obtained was Is. 8}d., against Is. 8f d. in the pre¬
setting week. The usual supply of £500,000 was offered.
Annexed are the current rates of discount at the
principal
foreign markets :
rate,
p. c.
2
■
.
Fhna
Open
Bank
rate,
p. c.
mark*t
p. c.
4*
3#®4
6
6
6
6@7
mark't.
Fk*akfoct....
4
Leipzig
4
2* @3
2*
Vienna and Trieste...
Madrid,Cadiz and Bar¬
celona
Lisbon and Oporto....
St Petersburg
New York.
5
4*
Calcutta.
8*
Copenhagen
Amsterdam
3#
Badin...,.
4
Hamburg..
...
4
Genoa
'3
3*
b1B«
»t
1%
3V
••*••«•••••
•
•
•
Open
p. c.
*
54%6
6"
4)4@5
4)4@5
••••
-
Tlie dosing prices of Consols and the principal American securki« at to-day’s market, compared with those of
Saturday last,
an
subjoined:
Redm.
Do
188!
5-20...
1885
jl> 1867,6s.......
...............«......1887
1881
....1904
funded, 5s....
KW0.5e.;..
funded, 4)4 s, issued at 103V.
ink Levee, 8s.....
►
*
JDo
..
-
• • -*
,5®.'
Do
•
6a........,.
Jtts5a
Do1
5s...
,
............
-
.1875
.....................
......
6S ♦ » ««
i•
•
•
•
•
•
•
•:»,* .»
>*«••••••«»•<
.
104V@115V
42
42
105
107
•
...1905
@106
nl09
106V
107 @1(8
,...1900
,...1891
...1895
New funded 6sImss*
105
105
5s
5s
6s..
©95V
103V@109^
..........1888
»
Do"
May 4.
95
Baited States
@ 57
© 52
@107
@109
107 @109
107
107
30
80
61
@109
@109
@ 85
@ 85
@ 63
April 27.
94V® 94V
108V@JO«V
105 @1C6
106)4@109
105 @105)4
!06V@107V
104V®104\
42
42
104
107
1st mort., 6s
1880
1905
© 52
© 59
107
i
@109
@109
106
i
@108
106
106
<
@108
i
i @108
£0 <© 85
80>!@ 85
CO i@ 62
23
10
@
@
4V@
22 ©
22 ©
Do.
consol, sinx’g fnnd mort. 6s
Philadelphia & Reading $50 shares
Pittsburg Fort Wayne & Chicago equipment
bonds (guar, by Pennsylvania R. R.
Co.), 8s
Union Pacific Land Grant 1st mort., 7s.
Union Pacific Railway, 1st mortgage, 6’s
....
1889
1898
© 30
@105
93)4@ 9434
14
© 15
103
103
107
@:05
©‘05
@109
25
12
3)4
27
27
81
@ 83
83
68
16
69
@ 70
© 18
© 71
@85
106)4@107)4
90
88
90
95
35
35
t97
29
102
© 92
© 90
© 92
@ 97
© 45
© 45
Uk@ 12*
16 @ 18
16 @ 17
27 @ 28
29 @ 31
28
@ 30
....©
'...
53)4© 34)4
83 © 85
•76)4® 77)4
101
©103
97
© 99
.©
.
45
....
@ 47
120)4@121)4
108
33
27
29
103
@110
© 38
© 29
© 30
@105
93)4© 94)4
14 © 15
103
103
1G6
@105
@10 5
@108
AMERICAN STERLING BONDS.
Valley, guar, by Penn. R’y Co
1910
Atlantic & Gt. Western consol, mort., Bischoff.
certs, (a), 7s.
1892
Atlantic & Gt. W. Re-organization 7s
1874
Atlantic & Gt.W., leased lines rental trnat, 7s. 1902
Do
do.
do.
1873,7s. 1903
Do.
do.
Western exten., 6s
..1876
Do.
do.
do. 7s, guar, by Erie R’y.
Baltimore &
Do
Ohio, 6s
68
6s
Do.
Do.
Do. 1st
cons,
6s, 1377
1895
1902
1910
1927
.1909
.ms
.1902
..1913
.1906
mort., 7s
91 m 92 V
@
.©
88 © 40
15 © IS
26 © 30
26 © 30
105 @107
104 ' @106
103 @105
88)4® C9V
26 @ 30
105 @107
@
87 @ 89
72 @ 76 *
105 @107
98 @100
■
•
•
•
....
....©
@ 40
15 © IS
.26 © 30
26 © 30
1(5 @107
104 @106
105 @107
88)4® 89)4
26 © 30
105 @107
....
38
*
.@
@ 89
72 @ 76
•
•
•
...
87
102
95
@104
@ 97
of 6
93
68.
5s.
91)4® 92)4
...
...
53
58
86
38
97
107
ye
©100.
@....
© 59
@ 88
@ 42
© 99
@109
@ 98
95
© 97
@
55 @ 56
87 © 89
38 © 42
96 @ 98
107 @109
96 © 98
•
•
•
•
..
According to to-day’s Manchester Guardian, the latest reports’
following ptate of things:—
Preston: 9,072 looms—full time, fall price; 6,633 looms—five days
and 5 per cent reduction; 10,531 looms—full time, 10 per cent
reduction, and between 6,000 and 7,000 stopped. Accrington:
Mr. P. Walmsley has put up a notice that unless the strike is"
settled before Thursday next he will lock up. Darwen: Fish and'
Co. stopped 200 looms on Thursday night; Kenyon Brothers have
started 345 looms—five days and 5 per c .nt off.
Clayton-le-Moors:
840 looms—full time, full wages; 716 under notice, 942 stopped.
Bamberbridge, Longridge and Burnley have made no reports.
Blackburn: No change, and operatives and employers are firm.
Returns from Padiham, Sabden and Lower House districts give
the following information:—1,819 looms working full time and*
full prices; one mill at Lower House, 1,810 looms, working full
time at the 10 per cent reduction ; two mills, 214 louns, working
five days per week and 5 per cent ofl ;-and one mill, 194 looms,
under notice which expires on Wednesday.
The wheat trade was firm in the early part of the week; but
during the last few days, owing to somewhat brighter political
prospects and to very favorable weather for the growing crops,
the trade has been dull, and prices have had a downward:
*
*
tendency..
'
During the week ended April 27, the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 38,354 quarters, against 33,549 quarters last year;
and it is estimated that in the whole kingdom they were 153,500
quarters, against 135,000 quarters. Since harvest, the deliveries^
the 150 principal markets have been 1,462,787 quartern,
m
against 1,609,790 quarters; while it is computed that they have
been in the whole Kingdom 5,851,000 quarters, against 6,439,200
from the strike districts show the
®
© 25
© 12
4V@ 5V
...,
Do.
Do.
The
Bank
...
© 93
23
10
_
....
d.
96
© 93
© 89
© 92
Del. & Hud. Can. 7s.
Detroit & Milwaukee 1st mortgage, 7s
1875
45
Do
2d mortgage, 8s
85 © 45
1875
Brie $100 shares
1*X® iw
Do reconstruction trustees’ assessm’t, $5 paid..
16 © 18
Do
do
do
16 @ 17
$4 paid...
Do preference. 7s
29 @ 31
Do reconstruction trustees’ assessm’t, $3 Da'd...
32 @ 34
Do
do
31 @ 33
$2 paid...
Do convertible gold bonds. 7s
1904
Do reconstruction trustees’ certificates, 7s
56m 57V
Galveston & Harrisburg, 1st mortgage, 6s.... .1911
81 © 84
Illinois Central, $100 shares
Do
Bonds. 1st mort Chic. & Springf.. 101 ©101
Lehigh Valiev, consolidated mortgage, 6s
97 © 99
1923
Marietta & Cincinnati Railwa)*, 7s
1891
....©,...
Missouri Kansas & Texas, 1st mort., guar, gold
bonds, English, 7s
..1904
45 @ 47
New York Central & Hudson River mortg. bonds.7 m
©122
New York Central $100 shares
107 ©109
Oregon & California, 1st mort, 7s
83 © 38
1890
do
Frankfort Commit’e Receipts, x conp.
27 @ 29
Do._ reconstruction trustees* certificates, 7s
Ilinois & St Louis Bridge 1st mort., 7s .
Do.
do.
2d mort, 7s...
9
3)4©
53V
54V
91
87
90
95
35
....1890
...
....
d.
...per oz. standard.
per oz. standard.
per cz., last price.
per oz.
Discount, 3 per cent.
Quicksilver, £7 0s. Od.
•
@
....
•
coupons
-
© 98
© 26
10 © 12
4*@ 5)4
24 © 25
10 © 12
4m 5#
23 © 25
22 © 27
81 @83
2d mort, $1.000,7s..1902
3d mort, $1,000
1902
1st mort. Trustees’ certificates
2d
do
do
3d
do
do
Do. with reconstruction trustees’
d.
„
SILVER.
-
8.
...
Bar Gold, refinable
„
d.
S.
*■'
.
BkrGold, fine^
April 27.
96
24
Atlantic Mississippi & Ohio, Con. mort., 7s
1905
do
Committee of Bondholders’ ctfs.*....
Baltimore & Potomac (Main Line) 1st mort, 6s. 1911
do
(Tnonel) 1st mortgage. 6s.
(guar, by Pennsylvania & No. CentRail way). 1911
84 @ 85
Burl. Cedar Rapids & No. RR. of Iowa, 1st mort.. = 68
© 70
Central of New Jersey shares
17 © 19
Central of New Jersey, cons. mort.. 7s
72 © 74
1899
Central Pacific of California, 1st mort. 6s
1896 mm io8v
All
importations of bar gold have been absorbed by the export
demand, but Sovereigns are arriving from Egypt, and are being
sent into the Bank.
For silver the market has been
dull, and
prices have had a downward tendency. The following are the
present prices of bullion:
May 4.
Albany & Susquehanna cons. mort. 7s, Nos.501
to 1,500, inclusive, guar,
by Del.&Hud.Canal.. 1906
Atlantic <& Great Western 1st M., $1,000, 7s...1902
Pennsylvania, $50 shares
£
29.415,035 23.454,326
5.9 '3,334
6,315,.e50
7,351,731
21,608,725 22,480,099 22,011,753
14,545,365 15,340,207 16,437,4-8
17,813,219 20,482,345 21,204,989
reserve
«
1877.
9,603,552
...
Proportion
1878.
voi.« xxvi.
^
THE CHRONICLE.
1878.J
May 48,
quarters in the corresponding period of last season. Without
reckoning the supplies furnished ex-granary, it is estimated that
the following quantities of wheat and flour have been placed
qpop.the British markets since harvest:
f
1877-8.
18*6-7.
1875-6.
cwt.
cwt.
cwt.
’■
Imports of wheat
Imports of flour
1874-6.
5,974,766
4,128,963
27,902,500
1 ;
\m
■JWI ■■ —
.11
■
4.558,58)
4.807,132
86,554,400
■■
pf the dry gqoda tpade wilt he found the imports
dry goods for one week later.;
The following is a statement of the exports (exclusive of specie)
from the port of New York to foreign ports for the week ending
May 14 :
,
I
M
'
mm
-
Exports of wheat and flour
.
69,083.225
251.586
66,650 677
217,6?8
66,707,595
68.831,689
66,482.989
49a. 9d.
45a 6<L
43s. lOd.
The
following figures show the imports and exports qf cereal
produce into and from the United Kingdom since harvest, viz.,
from the 1st of September to the close of last week, compared
with the corresponding periods in the three previous years:
IMPOSTS.
1877-8.
1876-7.
■I
Wheat......
.cwt. 38,185,126
i
Barley......
Oats........
Peas........
Beans
.......
Indian Com
as
• •••
"
9,661,900
.7,463,600
1,185^51
2,880414
.....
847.249
..3,256,591
20,900.594
••••••
5,974,766
oWqnr
25,363,301
9,W 99,992
6,538,473
1875-6.
1874-5.
37,295,686
6,414,360
7,807,609
1,028,351
25,291,145
10,259,493
5,948,602
1,123,003
1,711,160
2.503.988
22.012,890
16,341,964
4,128,965
4,558.589
,.cwt.
1,307,104
39,440
41,831
—
Oats.
......
■Peas'
Since Jan. 1
Beans.
.
.
Flour
234,S95
19,815
227,832
28,790
16,598
23,049
6,292
160,666
46,264
549,143
28.138
23,080
16,691
41.947
44.588
Thedaily closing quotations in the markets of London and Li ver*
pool for the past week have been reported by cable, aa shown in
the following summary:
London Money and Stock Market,—The bullion in the Bank
*of England has increased £304,000 during the week.
Sat.
Mon.
96
Tues.
;96
93
*S
lOSStf
107%
107 S
106%
105%
10634
10534
96
account.. 96
a. 8.6s (5-20s) 1867.... 108%
107 %
JJ.8.10-4QS.
5S Of 1881
..106%
Kew4*s
.......105%
Wed.
96 1-16
96 1-16
108 X
108X
Thur.
Frl.
96%
96%
98)4
96 7-16
109
108%
108
107%
106%
105%
108%
106%
104%
106%
x;04%
aa
d.
0
Mon.
Tues.
s.
9
9
d
28 0
9 .9
11
3
11
11
1
11
4
25
3
11.1
11 4
2> 3
36
0
36
s.
s.
d.
0
28
9
11
11
3
0
Mon.
d.
Sat.
d.
s.
... 79
0
?eef
ork (prime
mess) 9 tc. bbl
(W*t mess)....#
46 0
Wed.
28
9
3
0
9
11
3
25
35
6
6
Thur.
d.
0
9
3
0
3
6
6
.8.
11
11
11
25
85
Fri.
b.
d.
d.
b.
28
.9
11
11
11
25
35
Bacon(l’gcl. in.).... $
Lard.(.American)
Cheese (Am. flue)
...
new
cwt 25
14
86
6
6
25
6
36
6
Tues.
Wed.
d.
79 0
46 0
25 6
36 3
8.
8.
79
46 0
0
*•
...
0
9
3
0
3
6
6
28
9
11
11
il
0
8
3
0
3
3
6
25
35
Thur.
d.
0
0
6
3
0
79
46
25
36
83
Frl.
d
78 0
45 0
6.
78 0
45 0
25 0
36 0
62 0
8.
«.
24
35
61
6
9
0
7 Liverpool Produce Market.—
Mon.
8. d.
Sat.
a d.
Rosin (common)... #cwt..
5
~
(fine)......;...;
« :
to
-
0
0
“
5
ID
Tues.
d.
5 0
10 0
8.
0
o
Petroleum(reflned)... .# ga!
9%
9%
Spirits)
- r
7
7
Tallaw(priineCity)..® cwt. 88 0 83 0
8 drifcp taroentine.....
Cloverseed (Amer. red)
44
.
23
0
23
0
40
0
40
0
.
Wed.
8.
5
10
d.
0
5
10
d.
0
0
38
24
40
7
0
6
0
0
9%
2*
•
0
0
0
38
25
40
0
0
0
Fri.
d.
5 0
10 0
b.
9%
•V
8
38
25
40
Thai.
.8.
9%
85
7
0
*4
6
40
0
London Produce and Oil Market*.—
Mon.
sat.
£ s. d.
Lins'dc’ke( obi).# tc. 9 5 0
Liaseed (Cal.) # quar.
49 6
.
£.
9
iiugar(No.l2D4chstd)
1
;
on
spot, $ cwt
23
V tun, .7t 0
Whale oil
44 .35 0
Sperm oil
Linseed oil,..,# ton .26 15
s.
Tues.
<L £ s. d.
5 0
49 6
9
0
6
5
49
23 8
23 3
0 0
85 0 0
26 15 0
71 0 0
85 0 0
26 10 0
71
Wed.
£ s. d.
9
5
49
0
6
23
71 0
35 0
26 10
3
0
0
0
Thur.
£
9
s.
d.
5
49
6
0
parison of the total since Jan. lf 1878, with the corresponding
previous years:
May 6—Schr. Q. W Bentley
Eleuthera
May 9—Str. City of Brussels. ....Liverpool
May 9—Str. Pommerania
total
imports
86 15
0
26 15
were
j$6y489,095. against
15,316,273 the preceding week and f6,331,849 two weeks preThe exports for the week endedk May 14 amounted to
f6^98,686, against $6,830J957 last week and $5,945,499 the pre¬
vious week. The exports of cotton for the week ended May 15
-were 8,469 bales, against 9,023 bales the week before." Tiie fol¬
lowing are the imports at New York tor week ending (for dry
good#),! May 9 and for the week ending (for genera) mer¬
chandise) May 10:
. *_
—•
rVipus.
London
1876.
$30$
9,442
2.662
30,000
85,616
1,006
Amer. silver bars.
.Amer. gold bars..
Paris
Hamburg
.....
..Amer. gold coin..
iTotal for the week ($42,300 silver, and $26,868 gold)...
$61,136
7,528,406
Previously reported ($2,641,552 silver, and $4,880,853 gold)
Same time In—
1877..
1876
...
....
.
....
specie at this port during the
May 6—Str. Carondelet
May 7—Str. Andes..
May
May
May
May
May
....
same
Nassau
Amer. silver
Asplnwall
Amer. silver
Amer. gold
May 11—Str. Atlas
May 11—Str. Neckar
Laguayra
Asoiuwal!
Hamburg
Liverpool
$1QS
......
602
1,582
Amer. silver
Gld bars
Foreign gold
1,062
*84
9,843
700
Amer. silver
Port-au-Prince. ..Amer. silver
Foreign gold
194,752
-
Amer. go d
Aux Cayes
Bremen
...
TotaJ for the we*k
971
2,655
m
Amer. silver..
Foreign gold...,..
..
19,300
#232,776
(1197,071 silver, and $35,7(5 gold)
Previously reported ($7,154,951 silver, and$3,793,611 gold)
1876
1875
1874
1878
1872
periods have
Gold dust
7—Schr E. J. Palmer
7—Stn Crescent City
8—Str. Gellert.
8—Str. City of Chester
0—Str. Etna
...
.
10,950,564
($7,352,022 silver, and $3,831,318 gold)..#11,133,346
Same time in—
$6,593,082
1,589,010
6,022 045
.
..
....
1,5.8,749
1,720,827
....
$3,024,510
1871
1870
1869
1868
1867
6.915,63*
8 $44,624
3 064,855
1,056,072
641,121
The transactions for the week at the Sub-Treasury have hem*
follows:
-Payments.■Receipts.
Customs.
Gold
Gold.
Currency.
Currency.
$314,948 76
$709,692 02 $181,125 84 #477,010 06
May 11
$219,000
860.469 35
345 000
70 84.) 79
411.266 71
708,399 33
270,000
901,657 M
297,6^9 41
420,354 87
1,227.6$) 44
312 000
47*,8i9 74
4^8,750 62 1,515,833 60 1,271,449 07
327,703 «
1,284.935 64
852,000
152,220 89
1,79),947 14
17..
18M08 75
875,318 $6
159,000
674,368 79 1,258,877 63
as
...
Total
$1,657,0JO $3,681,774 51 $6,134,356 18 $2,427,028 34
102,852 524 10 34,310,295 01
104,060,020 11 35,781,043 17
$4,7l3,6b8J»
Balance. May 10.
Balance, May 17
—Among the important changes in Wall street buildings of hafts,
have to notice the magnificent structure of the Queen Iosurance Company, occupying Nos. 37 and 39.
Tiie in ernal decora¬
tions of the buildiog are being comp’eted, and many of the office*
are
already occupied. The building is constructed in the
Victorian Gothic style, the front being of Baltimore brick,
trimmed with Wyoming gray stone and New Jersey brown stone.
Mr. C. W. Clinton is the Architect, and Mr. D. H. K>ng, Jr., the?
builder.
Particular attention has been paid to the light end
ventilation of each room, and in these respects the building is
one of the best in the city.
The heating apparatus is of the most
approved pattern, and the building throughout has been fitted up
with all the latest improvements for. the convenience of tike
we
The basement floor is occupied by til^e
Commercial Union Assurance Company of London. The .entire
first floor is devoted to the offices of the Queen Insurance Company.
There are a few desirable offices still unoccupied, particular* Re¬
1877.
1878
#967,748
5.521,347
may
be obtained of Mr. Ross, the manager.
7* V
—A prospectus of the “Rogers, Peet Company” has just bee*
issued. Messrs. Rogers, Peet & Co. state that, having built up
and maintained a large, and. successful business as manufacturer*,
jobbers and retailers of clothing, they now propose toorganize*
stock corporation under the general State Laws of 1848—limiting
shareholders’ liability .to amount of stock subscribed—to be
known ‘as the Rogers, Peet Company, with a cash capital of
$500,000, divided into five thousand shares of $100 each. This
corporation is to succeed to and continue the business of Rogers,
Peet & Co. in an enlarged form, and will enjoy the benefit of
established business with a complete and economical working
organization. A limited amount' of the stock is offered,to iEa
public, and any further information may be obtained from tht
firm/'' ’
TOBSIOK IMPORTS AT NTS W YORK J*OB THIS WHISK.
1875.
Amer. silver coin.
Amer. silver bars
(cont’nsr $40 g’d)
Foreign nil. coin..
tenants and their visitors.
JKPObts and Exports for the WKRK.r-The imnurts last
week showed a decrease In dry goods and an increase in general
The
$l«M32,5t6
totals for several
garding which
merchandise.
#96,353,476
1877.
Liverpool Provision* Market.—
s.
#87.70 >,283
Total since Tan. 1, 1878
Liverpool Breadstuff* Market.—
Flour (extra State)
pbbl
Wheat (R. W. spring).tt ctl
“
(Bled winter)
“
“
(Av. Cal. white).. **
44
(C. White dub)... "
Corn (new W. mix.) $ quar.
Peas (Canadian) 9 auarter.
"$85,144,965
The following will show the exports ot specie from the port of
New York for the week ending May 11, 1878, and also a com¬
Same time in—*
Liverpool Cotton Market.—See special report of cotton.
Sat.
130,333,211
The imports of
been as follows:
173,079
177,689
flaxlUh flarasl Beports-Per Cable.
Consols for money.. £5 15-16
92 8*1,728
1878.
$A298,«i$
•
49,644
9,678,228
4,807,182
16.432
1,727
..
Indian Corn
82,636,975
.....
659,013
4i,V58
79,712
20,876
16,245
;
$«0<174?
~
Total since Jan. 1, 1878 ($2,689,8*2 sitver, and $4,907,711 gold)...
$7,597$fS
I
Same time in# 10,818,065 I 1871
;
$30,444.26)
20,2-11,289 11870
10,20fl,2»
1875
29,077.44111869
'
11,962,87?
1874
16,423,886 | 1868
29,000;33*
1873
19,960.727 I 1867
14.994,476
1372.
18,095.518 I 18*6
18,964.00$
XXPOBTS.
Wheat.............
1877.
#5,fl«3,3U
Previously reported....
■
•
.
57,894,766
687,171
1.353.368
Result
68.161,524
Aarer. price of Enx. wheat for season 52s. 8d.
I
‘
-
69,514,392
j
1876.
#3,909,621
81,286,844
For the week
35116.
Total
.
BXPOBTS WBOU HBW YORK TOR TH1 WBBK.
1875.
27,229,000
.III. 11
■... ■
In our.reppyt
of
cwt.
.....88,185; 128 25.861,301 *7,895,686 25,293,145
•Salesof home-grown produce.....25.855,000
487
' 1‘
railroad, the Scioto Valley Railway of Ohio, has been
completed from Columbus to Portsmouth, Ohio, one hundred)
miles in length,, with a bonded debt of only $1,500,000. The
.Total for the week. - $4,5.^362
$6,763,597
$4,865,677
#6489,095 road connects a valuable coal and iron district with the capital ot
iFrevioasly reported.... 1&.184.088
116.778,131
116,460,263
102,801.286
the State.
Messrs. Winslow, Lamer & Co. offer a limited anip^pf
U
•*
-7
vv?• $1W.7M,050
$!21,644,108 $123,323,860 ,$108,790,831 of bonds at 85.
©rygoods.......
Ccueral merchandise...
11,339,77>1
$758,091
$1,252,852
3,210,586
4,10?.578
5,510,745
—A
new
,
t
THE CHRONICLE.
488
Closing prices at the Board have been
%Xit §3ankers' (Saxetlr.
^
[Vot. XXVI.
Interest
The United States Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
Authorized capital. $200,000;
Commercial National Bank of Rochester. N. Y.
paid-in capital, $200,000. H. F.
Authorized to
Cashier.
Atkinson, President; H. F. Huntingdon,
commence
business May 8, 1873.
DIVIDENDS.
e
The following dividends have recently been announced:
Name
Pbb
Cent.
Company.
or
When
Payable.
Books Closed.
(Days inclusive.
Railroads.
Chicago & Northwestern, com
pref’d
$2 30
$1 50
July 1. June
“
“
Nor hem
June 27. June 19 to Jane 28
.June 27 Jane 19 to June 28
Juiie I.
3
(N. Ha
^
3*
miscellaneous.
American
Express
13 to
July 1
FRIDAY, MAY 17, 1878-3 P. Nl.
The Money Market and Financial Situation.—The
Syndi¬
cate have so successfully placed their 4$ per cent bonds as to
enable them to call for $10,000,000 more from Secretary Sher¬
man, making the full amount thus far taken $35,000,000.
This
last taking (May 14) anticipated their optioii for the months of
August and September, leaving only $15,000,000 of the $50,000,•00 yet to be called for, and this, it is supposed, may be taken by
the Syndicate within a short time.
A positive report, circulated
in Wall street on Thursday and published in some of the daily
papers this (Friday) morning, was quite incorrect; for, although
the 4$ per cent bonds are selling very rapidly and the whole
amount will undoubtedly be placed soon, the report that the
Syndicate had already called for the remaining $15,000,000 was
certainly premature, and, in fact, it appears to have been a canard.
Money is easier than heretofore, and the general rate on call
loans is 3(34 per cent. The bank statements from week to week
show a decline in specie but an increase in legal tenders.
Prime
commercial paper is in demand at 4@5$ per cent.
The Bank of England statement on Thursday showed a gain of
£304,000 in specie for the week, and a reserve of 37$ per cent,
against 35$ the previous week. The Bank of France showed an
Increase in specie of 16,600,000 francs.
The last statement of the New York City Clearing House banks,
issued May 11, showed a decrease of $896,700 in'the excess above
their 25 per cent legal reserve, the whole of suck excess being
$15,822,000, against $16,718,700 the previous week.
The following table shows the changes from the previous week
and a comparison with the two Dreceding years :
Loans and dis.
Specie....
Circulation
Net deposits
..
.
Legal tenders.
1878.
Differ’nces fr’m
1877.
1876.
May 11.
previous week.
May 12.
May 13.
$232,030,700
Inc .$2,094,300
27,469,500 Dec. 2,582,400
20,033,100 Inc.
34,800
201,038,000 Inc. 1,964,000
38,612,000 Inc. 2,176,700
$256,519,600 $255,808,800
23,272,500
16,068,700
227,226,000
51,066,700
May
Period.
NAITIOwXiriirJL^IKs'^JilGANIzlBJDr^
18,881,000
16,140,500
207,900,300
42,643,400
We are indebted to Mr. Camp, manager of the Clearing-House,
for the quarterly statements of the national banks of - the city of
New York on the first day of May, 1878, as compared with March
11.
Mar. 15, ’78.
May 1, '78.
$55,900,000
Duebauks
$55,900,000
23,637,900
20,362,400
84,719,000
Due
117,784,900
Capital
Net profits
Circulation...
depositors
Unpaid dividends
‘
131,400
23,904,900
20,456,200
71,170,000
125,600,900
412,600
Comparisons.
Inc.
267,000
Tuc.
93,800
Dec. 13,549,000
Inc. 7,816,000
Inc.
281,200
$302,535,600 $297,444,600 Dec.$5,091,000
Totals
Resources.
Loans and discounts
$168,515,900 $162,478,200
U. 8. bonds on hand
12,752,100
7,907,200
bds
U.S.
to secure circu’at’n
24,004,000
24,400,500
Other stocks, bds. & morts.
Premium on stocks
Beal estate,
Due from banks
Cash items and bank notes.
Specie.
Legal tenders.
:
Overdrafts
9,548,700
1,585,800
9,423,700
12,712,000
3,204,200
37,432,100
23,222,700
134,400
14,491,9Qj0
Dec.$6,037,700
Dec. 4,844,900
Inc.
Inc.
Inc.
Inc.
Ino.
396,500
4,943,200
1,612,000
26,200
9,490,900
67,200
15,187,900
2,475,900
4,371,800 Inc.. 1,167,600
28,085,500 Dec. 9,346,600
29,282,700 Ino. 6,060,000
136,000 Ino.
1,600
May
13.
follows:
May
May
May
14.
May
16.
15.
*10758 107% 107% 108
6s, 1881
reg. J. &
10758 107% 107% 1077s
6s, 1881
coup. J. «fe
68, 5-20s, 1865...reg. J. & J. *10378 10378 *1037e 104*8
*104
68, 5-20s, 1865 .coup. J. & J. 10378 10378 104
6s, 5-208,1867...reg. J. & J. 106% *10658 *1065s 106%
6s, 5-20s, 1867 .coup. J. & J. 106% 106% 1065a 106%
6s, 5-20s, 1868...reg. J. & J. *108% *108% *108% *108%
*109
*109
109*s
6s, 5-20s, 1868 .coup. J. & J. *109
106*8 *106*4 106*3
5s, 10-40s
...reg. M. & 8. *106
M.
&
8. 106*8 106*4 *106*4 106*3
5s, 10-40s
coup.
58, fund., 1881...reg. Q.-Feb. *1045s 10478 104% 1047a
Feb, 1045a *10458 *1045s 10478
5s, fund., 1881..coup.
.-Mar. 102*4 *102*4 102*3 102%
4*38,1891
reg.
4*38,1891...:.. coup. ,-Mar. 103*4 103*a 103 *s 1035b
-Jan. *100% *100% *100% 10078
4s, 1907
reg.
.-Jan. *10058 100% 100% 10078
4s, 1907
coup.
& J. *119% 119*3 *119*8 *119*4
6s, cur’cy, ’95-99. reg.
*
This is the price bid; no sale was made at the Board.
17.
*108
108
108
108
104*8
104
104
*104
Amount
Range since Jan. 1,1878.
Lowest.
6s, 1881
cp.
6s, 5-20s,’65.cp.
6s, 5-20s,’67.cp.
68,5-20s,’68.cp.
5s, 10-40s...cp.
5s, fund.,’81.cp.
4*38, 1891 ..cp.
4s, 1907
cp.
6s, cur’ncy.reg.
Highest.
105% Feb. 25 108
May
10258 Jan. 3 104% Apr.
105
Feb. 6 107% Apr.
106% Jan.
2 110*3 Apr.
1037e Meh. 1 108% Jan.
102% Feb. 25 106% Jan.
101 % Meh. 1 104*4 Jan.
100% Apr. 13 102% Jan.
117*4 Apr. 5 120% Jan.
State and Railroad
i
*106% *106%
10678 106%
108% *108%
*109
*106*3 *106%
1065s 106%
105*8 *105
105
*105
103
102%
104
*101
101
104*8
-101
101
119*3
119*3
The range in the prices since Jan. 1, 1878, and the amount
each class of bonds outstanding May 1, 1878, were as follows:
of
-
May 1.
Coupon.
Registered.
16 $194,592,750
5
49,692,950
6 103,993,750
15,936,500
23
26 143,008,950
24 228,250,800
11 131,947,350
9
63,525,100
16
64,623,512
$88,143,600
57,163; 100
206.622.550
21,528,800
51,557,350
280.189.550
78,052,650
20,324,900
Ronds.—State bonds have shown
some
which have been weak oi; strong accord¬
ing to the advices and home demand in New Orleans, selling as
fluctuations in Louisianas,
high as 78 and back to 76 and a fraction. In South Carolina
nothing has yet been done by the Court of Claims, and the bonds
here are quoted at 70 for the best class of rejected consols and 83@
87 for the good numbers.
The bill referred to last week as
pending in the New York Legislature is reported to have passed
both Houses and to await now the Governor’s signature.
Railroad bonds are strong and active, and in several of the pop¬
ular issues an advance in prices is noted.
It is difficult now to
find any good 7 per cent first mortgage bond untainted by default,
and having currency at the Stock Board in this or other cities,
which can be purchased at par.
The low-priced bonds are found
only among the second mortgages or those not commonly sold at
any Stock Exchange, and which are, therefore, not as well known
to the investing public.,
Messrs. Adrian H. Muller & Son sold the following at auction :
Bonds.
Shares.
Long Island Safe Dep.Co.
30 Long Island Bk. of Brook¬
lyn/:
30
54
92
10 Mechanics' Fire Ins. Co.
of Brooklyn
160*3
50 U. S. Life Ins Co
155® 155*s
60 Citizens* Gas Company of
85
Poughkeepsie
129
Ridgewood Fire Ins. Co.. 95
25 Union
20
*
$1,000 People’s
Gas-Light
Co. of
Ferry Co
Brooklyn 7 p.c. cert. 76*3
$39,000 City of N. Y. Central
Park fund 6 p. c. stock, due
July 1,1887
*102%
$10,000 Brooklyn City 6 p.c.
Serm’nt
1881water loan stock, *102%
ue
$32,000 Montclair & Green¬
wood Lake Railway Co.
l8tinort. construction bds~40®43
And interest.
Closing prices for leading State and Railroad Bonds for two
weeks past, and the range since Jan. 1,1878, have teen as follows:
States.
15, 1878:
Liabilities.
as
Louisiana consols..
Missouri 6s, ’89 or ’90...•
North Carolina 6s, old
Tennessee 6s,
May
10.
17.
Range since Jan. 1,1878.
Lowest.
74*4 Apr.
77*3 *76
*105*3 *105*3 104*3 Jan.
old
Virginia 6s, consol
do
2d series..
do
Dist. of Columbia, 3-65s
May
.
*16*3
*39%
*16%
15
*39%
33*3 Jan.
*73
*32
*72
*32
76%
79*8
74
Highest.
1
85
7 106
Mch.29
4
Apr. 12
Feb. 11
Feb.
6
17% Feb. 8
39% May 14
80
Jan. 29
Railroads.
Central of N. J. 1st consol....
Central Pacific 1st, 6s, gold..
Chic. Burl. & Q. consols 7s...
Chic. & Northwest, cp., gold..
Chic. M.& St. P. cons. 8. f.7s..
Chic. R. I. & Pae. 6s, 1917...
Erie 1st, 7s, extended
Lake S. & M. S. 1st cons., cp.;
Michigan Central consol. 7s..
80
;8o
64*4 Meh. 4 80*4 May 10
Jan. 15 107% May 7
Jan. 2 112
May 7
Jan. 14 101*3 May 10
Jan. 5 100*3 May 11
107*3 107% 1035s
*111*2 111% 109
91 %
101*4 101
100*4 100*3 91*8
106
*108*4 109
*110*3 *111% 110
*110*4 *111
107*2 108
*116
116
Morris & Essex 1st rnort
N. Y. Cent. & Hud. lst,cp— *120
120%
98
97*3
Ohio & Miss. cons. sink. id..
Pitts. Ft. Wayne & Chic: 1st.. *119% *120
*105%
St. Louis & Iron Mt. 1st m— 105
Union Pacific 1st, 6s, gold.... 107% 107%
97
do ;
96%
sinking fund....
109
5 109
Jan.
May 17
7 114*3 Apr. 20
Jan.
Jan. 10 111
May 11
105*8 Jan.
115*3 Jan.
118
Jan.
957e Feb.
118
103
Feb.
Apr.
5
5
7
20
8
5
7
6
110*3 Apr. 27
120
Apr. 29
120% May 17
100*3 Jan( 30
120
Apr. 20
10678 Jan. 24
107*3 May 8
103% Jan.
.$302,535,600 $297,444,600 Dec.$5,091,000
97*4 Feb. 18
92% Meh.
United States Ronds.—The
important transactions of the
This is the price bid; no sale was made at the Board.
Syndicate are referred to above. They decided on Thursday, in
Railroad and Nllscellaneous Stocks.—The stock market
pursuance of advices from London, to advance the price of the 4$ |
has
been strong on a moderate business.
per cents to 102$, which was accordingly done and the market
The great event which
responded well. There is little change to note in the character of has been so long watched for. has at length taken place, namely,
the business, and the impression seems to be quite general that the declaration of a dividend on both classes of Chicago & North¬
the bonds are being absorbed in moderate amounts by the people western stock—3 on the common and 3$ on the preferred. The
throughout the country to an extent hitherto unknown since the favorable change which has taken place in the traffic and earnings
of many of the grain-carrying roads of th^ West, under the
popular loans issued during the war.
business furnished by the transportation of the large crops of
Closing prices of securities in London have been as follows:
1877, is certainly remarkable, and full of encouragement for
May May May Range since Jan, i, 1878.
stockholders. But with these companies, subject to a fluctuating
3.
10.
17.
Lowest.
business with the varying seasons, it is an important question
Highest.
whether they will be led into further expansion by the present
U. S. 6s, 5-20s, 1867
108% 108% 109
105*4 Jan. 2 109 Apr. 17
U. S. 5s, 10-40s.
107*2 107% 108% 104% Feb. 25 109% Jan. 26 era of prosperity. , In the past, the policy: of expansion, building
8s of 1881
106*8 106*4 106% 103% Meh. 1 10678 Jan. 15 new road, leasing branch lines, and in various ways increasing
New 4*2 per cents
1047g 105*8 x04% 102*8 Feb. 25 105% Jan. 24
he annual liabilities, has cost stockholders the sacrifice of many
Totals
v
-
*
THE' CHRONICLE.
i8, 1878.]
Mat
year's dividends and a great loss on tlie market value of their stock.
It is pertinent now to inquire whether we are to see a repetition
of the same policy on the part of officers and directors. A tele¬
from Chicago yesterday reports that the trunk lines have
agreed to an advance on east-bound traffic, and Lake Shore and
Michigan Central are strong in consequence. The Wabash suit
will come up in the United States Circuit Court in Illinois early
gram
in June.
The daily
highest add lowest prices have been as follows:
Saturday,
May 11.
Tuesday, Wedn’ed’y Thursday,
May 14.
May 15.
May 16.
Monday,
May 13.
Friday,
May 17.
489
Latest earnings reported.—.
Week or Mo. 1878.
1877.
Kansas Paeifio... 1st wkMay $78^43
$69,358
Louisv. Cin.dcLex.March..
70,281
79,954
Louisville & Nash.Mareh..
440,000 419,149
18«
Central of N.J.
Chic. Burl.& Q.
C. Mil. & St. P.
’gi*
75
51
pref.
do
North.
Chic. &
50%
75*
11% 13
28
*76% 70*4
Illinois Cent..
Lake Shore....
..
108
12
28
*70
12%
29
28%
77
70%
61% 61% 01%; 62%
07% 67
07%
78% 79%
78% 79
100% 106% 106% 100%
02 H
07
Michigan Cent
Morris & Essex
N.Y. C.A H.R.
Ohio & Miss ..
Pacific Mall...
pref. 30
These are the
13%
1
80%
81
103% 1
*51
51
51
:48% rn
*10
16* 10%
Quicksilver...
08
63%
64% 65%
80% 81%
108% 109
»%
9%
19% 20
2o|| •lls
ofl 123
20%
20
Panama .......
Wabash
Union Pacific..
West. Un. Tel. siyi sin
Adams Exp.... 103% 104
American Ex. 51*2 51%
49
United States
49%
Wells, Fargo..
51%
54% 55
53% 54%
12
12%
13
28
104
51%
71% 71
106% 107
Erie ...........
Ban. & St. Jo.
do
pref.
do
19% 20
104
51
50
.
pref.
C.R. I. &Pac..
Del.& H. Canal
Del. L. & West.
do
*
18
101
*120 123
81
*103
50
49
81
83
103%
Michigan Central.March
578,432
31,520
334,535
Minneap. & St. L.March
Missouri Pacific..April...*..
Mo. Kans. & Tex.. April......
Mobile & Ohio... .March
Nashv. Ch. & St.L.March
Northern Pacific.March
Pad. & Elizabetht. April
Pad. & Memphis.. April
Phila. & Erie
March
Phila. & Reading.March..
206,796
165,755
143,257
59,229
22,841
14,109
188,511
695,334
9,340
70,297
51,671
82,213
48,113
26,721
13,241
43,861
St. L. K. C. & No.. 1st wkMay
St. L. & S. Fran.. .April
St. L.&S.E.(St.L.). April
do
(Ken.). April
do
(Tenn.). April
St. Paul & S. City.March ..
Sioux City & St. P.March
flat,
and 2
Chicago Burl. & Q—
Chic. Mil. & St. P
do
do
pref.
Chicago & Nortkw...
do
do
pref.
Chie. Rock Isl. & Pac.
“
.
44
44
Del. & Hudson Canal.
Del. Lack. & Western
Erie
13% Jan.
99*4 Feb.
36
Jan.
19,430
68%
331q
59%
98%
Jan.
Michigan Central....
Morris & Essex
N. Y. Cent. & Hud. R.
Ohio & Mississippi...
-
6,030
11,691
6,969
13,760
Pacific Mail
10 112
;
Wabash
Union Pacific
Western Union Tel...
Adams Express
American Express...
United States Exp.
218
pref
Total sales of the week in
North¬
west.
■
46
55M Apr. 17
15
76
3734
82%
25%
3078
43s
77
15
7
17
1578
3378
40%
79
Apr. 16
Apr. 16
77
Feb.
4
6914 Apr. 15
72% Apr. 18
81% May 17
109% Apr. 16
11*4 Apr. 15
6
94
11
45
355s
51%
85%
2%
2378 Jan. 16. 1278
131
Jan.
Feb. 25; 80
2030 Apr.
May 10
52% May 8
St.
were as
44
lb
14....
15....
16....
17....
....
44
44
44
“
6,600
22.500
8,500
10,800
11.500
7,000
19,630
11,700
28.910
26,300
15,450
24.910
2,600
11,400
3.500
1,300
9,150
5,800
6,200
1.500
6,400
18,300
The
19.600
7,000
The total number of shares of stock outstanding
last line for the purpose of comparison.
The latest railroad earnings and the totals from
dates are given below. The statement includes
Erie.
11,100
4,700
13,975
22,000
23,444
18,000
800
1,100
500
1,900
1,800
2,250
is given in the
tioned in the second column.
Atch. Top. <fc 8. F.lstwkMay $68,500
$45,177
Atl. & Gt. West...March...
272,560 293,306
Atlantic Miss.& O.March.... 129,105
131,873
Bur. C. Rap. & N. lstwk May
15,913
25,220
Cairo & 8t. Louis.April.
19,460
18,190
>
__,JL
Central Pacific.. .April;.... .1,510,000 1,438,659
Chicago & Alton..1stwkMay
70,767
61,059
Chie. Burl. & Q...March..;.1,169,831
888,065
Chic. Mil. & St. P.2d wk.May 176,000
144,496
Chic. <fc Northw.. .1st wkMay 258,810
200,773
..
„
*
“
Clev.Mt. V.&D..April
Dakota Southern .April.. *.
Denv. & Rio Gr.ilstwkMay
Dubuque & S.City.lst wkMay
Gal. H. & S. Ant..March
Grand Trunk.Wk.end. May 4
Grit Western.Wk.end.MaylO
Hannibal & St. Jo.Maroh
Houst. & Tex. C. .March
HI. Cent. (Ill line).April.
....
.....
.....
>
-
d° -Iowalines.April
do Springf.div.April
Indianap. B1.& W.lstwkMay
Ink & Gt North.1st wkMay
50,994
45,726
Jan. 1 to latest date.
1878.
1877.
$1,024,483
$706,202
832,491
800,432
379,849
303,600
389,577
578,246
80,424
60,958
4,833,410 4.799,818
1,359,938 .1,422,553
3,126,448
3,195,000
2,636,668
2,052,388
120,403
113,137
49,377
195,796
261,616
233,423
3*032,688
1,461,511
32,322
19,589
19,248
18,154
88,801
154,630
78,618
31,566
18,806
15,214
13,152
78,072
191,274
80,763
174,528
391,196
118,438
166,111
328,959
101,598
1,600,477
13,718
20,738
17,918
26,437
15,178
446,990
447,760
67,117
279,667
342,172
265,039
3,123,589
1,661,838
394,808
501,479
56,574
177,197
1,443,308
1,069,277
415,647
188,223
94,504
31,196
were as
follows:
balances.
Clearings.
Gold.
Currency.
$8,989,000, $1,250,229 $1,256,513
12,283,000
13,802,000
16,883,000
20,953,000
2,222,184
1,952,780
1,783,166
2,230,253
1,966,230
1,478,550
865,481
1,495,029
846,934
1,044,000
1,049,215
13,827,000
$86,737,000
58,865,000
1,796,651
quotations in gold for various coins:
3 92
X X Reichmarks.
X Guilders
4 74
3 90
Span’ll Doubloons.15 75
4
4
4
®16
-@15
®
®
®
00
80
10
10
70
Mex. Doubloons.. 15 50
Fine silver bars
117*4®
11734
Fine gold bars....
par.® *4prem.
..
Dimes & % dimes.
Silver *4S and %s.
Five francs
—
97%®
97%®
92%®
Mexican dollars..
—
93
English silver
—
—
Prus. silv. thalers.
Trade dollars
New silver dollars
—
—
—
—
—
®
4 75
....
—
—
98%
98%
94%
94%
® 4 85
68 ®
98 ®
99 %®
—
70
—
99%
—
par.
Exchange.—Although business has been of quite moderate volume, an advance of
point was made to-day in the price of bank¬
ers’ sterling hills, the reason assigned for this being, in the
absence of any more definite cause, that the rates had previously
declined too much. On actual transactions business is about 4*85$
for sixty days, and 4’87$ on demand.
In domestic bills, the following were rates of exchange on New
y
J' —
353,431
l,4i8,350
409,088
413,434
517,763
'
Chicago, 60 premium; and Boston, 12^ discount.
17.1
May
60
commercial... 4.84%®4.85*4
4.83%®4.84%
4.83 ®4.84
■rinciimentary commercial
5.167s®5.14%
5.1678@5.14%
5.167s®5.14%
(francs)
A Tit,worn (francs)
Swiss (francs)
Amsterdam
Hamburg
Frankfort
3
days.
sterling bills on London. 4.85*4®4.86
Good bankers’ and prime
Dnnd commercial
Jan 1 to latest
the gross earn¬
ings of all railroads from which returns can be obtained. The
columns under the heading “Jan. 1 to latest date” furnish the
gross earnings from Jan. 1 to, and including, the period men¬
Latest earnings reported.—,
Week or Mo
1878.
1877.
are
Napoleons
Prime bankers’
follows:
66,900|126,900
"
High
$4 85 ®$4 90
45
Del. L.
Wabash & West.
6,826
2,750
3,470
3,505
3,100
1,300
following
Sovereigns..
90
24
Total.
8,350
33,600 59,150 20,951 93,219
Whole stock. 151,031494,665 337,874 1154,042 160,000 524,000 780,000
„
57,275
652,741
2,466,527
Gold
CIOS.
This week. 100% 100% 10078 100%
Prev.week 1-00% 100% 100% 100%
S’ce Jan. 1 102% 100*8 10278 100%
Paris
May
11....
“
Low.
v
60*4
59%
34% Apr. 16
Paul.
66,732
589,514
1,894,724
157,651
1,418,534
1,098,760
361,516
193,562
105,214
105
51% Feb. 25
90% May 15
19% Feb. 25
leading stocks
438,536
78,717
84%
104
82% Jan.
15% Jan.
29% Feb.
37,308
25,614
12,272
221,789
945,678
9,007
75,018
55,067
96,713
44,645
20,839
10,029
"73“
84*4 Apr. 16
Jan.
7338
74%
92%
109%
1130
26*4
130
5
Mcb. 20
73
Jan.
Lake West’rn
Shore. Union.
4078
37%
11878
42%
73%
43 %
69%
105%
74%
13% Apr. 17
1334 Apr. 16
31% Apr. 16
47% Jan.
185
371
190
5
Quicksilver
do
98
1,645
Wells, Fargo <fe Co...
Jan.
May 17
Apr. 18
5178 May 17
77
May 17
58
123b May
6458 Jan.
7514 Feb.
20,951
2,210
33,600
Low. High.
1093s May 17
5714 Apr. 16
16*4 Mcli.
8,710
Panama
-
7
Highest.
20
106
Feb.
Feb.
Jan.
45
Jan.
463s Mcli.
7% Jan.
Feb. :
10
215s Feb.
723s Feb.
'5938 Jan.
58% Jan.
673s Feb.
103% Feb.
Hannibal & St. Jo—
do
do
pref.
100
Illinois Central.
Lake Shore
1 126,900
Whole year
1877.
1,1878/to date.
6,271
1,367
59,150
66,900
32,095
22,703
7,877
93,219
8,350
2,385
1,600
Quotations.
11. 100% 100% 100% 100%
13. 100% 100% 100% 100%
14. 100% 100% 100% 100%
15. 100% 100% 10078 10078
16. 100% 100% 10078 100%
17. 100% 100% 100% 100%
May
44
Central of N. J
545,462
139,576
1,193,541
941,503
cent.
per
Open
in the prices since Jan. 1
Lowest.
841,489
626,537
476,834
139,319
332,169
221,657
138,687
of gold and clearings and balances
%
1877, were as follows:
Jan.
1,510,737
534,213
130,669
91,203
87,621
19,315
52,391
Southern Minn...April
59,900
31,000
238,667
135,494
Tol. Peoria & War.lstwkMay
446,592
21,776
23,053
356,535
lstwk May
Wabash
91,400 1,527,107 1,440,276
91,893
The Gold Market.—Gold has been a trifle firmer this week
and closes at 100$.
The large transactions in bonds on a gold
basis and the withdrawals of coin from the banks, easily account
for this change.
On gold loans to-day the borrowing rates were
90% 90%
10% *10
*30% 32% *30
Total sales this week, and the range
233,573
1,297,795
33,486
*10
30
209,684
1,350,281
1,632,445
102,395
1,272,662
49
prices bid and asked; no sale was made at the Board.
Sales of
Week.
Shares.
..
8t.L.A.&T.H.(brs) 1st wk May
St. L. Iron Mt & S.lst wk May
1877.
$915,199
_
The range
51%
1878. f
$1,004,830
..
....
18
102
Jan. 1 to-latest date.
40
95
95
95
95
(guilders)
(reichmarks)
(reichmarks)
Bremen (reichmarks)
Berlin (reichmarks)
Boston Hank*.—The
following
are
®
®
®
®
®
40*8
95*4
95*4
95*4
95*4
days.
4.87%®4.88%
4.87*4®4.87%
4.86
®4.87
4.85%®4.86%
5.15 ®5.12%
5.15 ®5.12%
5.15
®5.12%
40*4® 40%
95%®
95 %®
95%®
95 %®
96
96
96
96
the totals of the Boston
series of weeks past:
Loans.
Specie. L. Tenders. Deposits. Circulation. Agg. Clear
1878.
$
$
$
t
%
Feb. 4.. 127,596,300
5,130,3 0 8,66O,KO0 48,752 800 24.759,200 3V46.101
Feb. 11, 126,920,500
5,381,»00 3,192,700 49,004,000 25,06»,000 44,371.064
Feb. 19
325,4*21,600
5,119.000 3,512 700 48,835,500 2\2.6,100 41,564,258
Feb. 25. 125,322,(00 " 4,932,900 ‘ 3,698,30 )
43,905,500 25,100,300 34,204,810
Mar. 4.. 124,416,100
5,024,400 3,996,600 49,491,200 25,227,700 40,546,165
Mar. 11.
124,684,400 - 5.438,700
4,039,400 49,035,900 25.174,300 42,727,810
Mar. 18. 124,650,900
5,850,700 4,113,100 49,212^400 25,272,000 43,612,875
Mar. 25.
124,537,400
6,294,400 4,174,000 48.572^600 25,211,700 44,231,065
Apr. 1. 124,267,300
6,472,200 4.477,900 48.975,800 25,207,403 38,947,453
6,577,200 4,433,600
50,0^9,300 25,452.500 49,0S1,207
Apr. 8. 125,030,200
Apr. 15. 126,240,100
6,70 *,500 3,791,8:30 49,803,400 25,427,300 40,901,403
3,364,000 49,374,800 25,48*,100 ^,436,607
Apr. 22. 125,299,800 .6,567,400
Apr. 29. 125,234.703
5,716,800 3,677,500 49,343,800 25,436,3^0 41.^32,590
May 6. 124,485,100
5,265,300 3,445,600 48,357,900 25,539,500 40.277,046
May 18. 123,879,400
4,707,400 8,760,403 48,828,200 25,453,200 42,533,787
banks for
a
.
^
Philadelphia Banks.—The totals of the Philadelphia banka
follows:
are as
•
Loans.
$
1878
Feb. 4..
58,721,420
Feb. 1!.
5s,093,371
Feb. 18
58,935,737
Feb. 25.
58,893,049
Mar. 4..
58,679,840
Mar. 11. * 58,694,000
Mar. 18.
58,420,683
Mar. 25.
58,226,716
•
.
Apr.
1.
Apr.
8.
Apr.
Apr.
Apr.
May
22.
29.
15
.
58,197,-.173
58,971,947
59,008,491
58,705,684
53,101,043 58.125,807
.
Specie. L. Tenders. Deposits. Circulation.
$
$
$
$
2,129,849 13.319,450 40,832,315 10,993,381
2,225,090 13,182,576 45,784.847 10,989.741
2.185,2*24 12,579,143 45,874,991 10,976,756
2,143.897 12,660,258 45,137,637 11,1)00,390
2,«74,9'8 12,794,362 45,303,630 11,003,734
2,172,782 12,635,756 44,997,112 11,0(■8,028
44,770.251 11,009,415
2,363,625 12,143,650
2,311.626 12,262,085 44,546,917 11 015 926
2,359,978 11,453,567 43,703,833 11,071;802
2,367,819 10,382,460 43,355, *>21 11,107,270
2,247,293
2,023,587
2,004,690
2.082,583
6.
May 13. 1 57,741,782,082,914
10,903,667
44.068.533
11,531,781
11,574,516
44.154,801
11,124,752
11,151,563
11,132,336
11,128,083
48,967,692
11,125,980
11,028,622
11,700,672
44,198.730
44,235,587
‘
_
?
Agg. Clear,
»
29,507,210
28,520,206
28,8.4,357
24,112,687
32,106,006
83,104,101
29,738,074
29,884,916
28,596,717
37,191,832
81.685,15*
29,035,168
28.521,062
80,507,640
29,046,409
"'r
490
THE CHRONICLE
Hew York City Banks.—The following statement shows the
eojidition of the Associated Banks of New York City for the week
tftdipg at the commencement of business
on
BOSTON, PHILADELPHIA, Etc.-Continued.
May 11, 1878:
Bid. Ask.
sKcuBiTixs.
sxotrBmxa.
Bid.
-ATS RAGS AMOUNT OF
Loans and
Banks
*
8,154,000
5,717,100
7,757,100
5,91VH)>
3,8:58,600
7,409.u00
2,443,000
5,3-9,900
8,077,100
1,516,1U0
9,535,300
8,2 5,900
8,740,400
1,355,000
1,486,000
855,000
2.093,100
924,900
S
few York
3,000,000
mhattan Co... 2,050.0 0
fetchants’
3,000,000
[echanics*
2,000.000
“
raion....
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
830,0'K)
1,000,000
1,5* 0,000
500,000
600,000
America
Phoenix
«tj
Tradesmen’s
Fulton
Chemical
Merchants’
Legal
....
Exch.
Gallatin National
Botchers’* Drov.
Mechanics’ * Tr.
Greenwich
Leather Manuftre.
2 to.000
600,000
300,000
Seventh Ward....
5,000,000
Broadway
Mercantile
1.000,000
422,700
1 500,000
Chatham
450,000
People’s
412,500
North America...
700,000
Republic
Hanover
Citizens’
Nassau
6 i 5,800
429.300
1,959,300
26n,000
1.372.600 1.375.200
332.800
433.300
357.900
237.500
90,000
30,000
194,000
23-.,000
197.400
595.500
534.400
8.978.700
6,011,000
7.189.200
4.262.100
3,027,400
6.887.300
Vermont * Canada
Vermont * Massachusetts
Worcester A Nashua.
170,700
185,003
1,100
BONDS.
5s, g’d, ,nt.,reg. or cp.
5s, cur., re*
■
5s, new. reg., 1894-1W;
6s, 10-15, reg.,
do
6a, 15-35, reg., 1882-1)2 113
do
6s, In. Plane, reg.,I81S
Phlladelpnia, 5s reg
.
do
6s, old, reg...-. 106
do 6s,n.,rg.,prlurto’9! 112
do 6s,n.,rg., 895* ovei■iu%
Allegheny County 5s, coup...
1.452.200
622.300
290.900
802,000
195,400
2.700
561.700
reg.* cp. .’92-3
Phila. Wilm. *B-lt,
6s,%
.
Pitts. Cin. A St. Louis 7s, 3900
•
••
•
•
•
•
• • •
Stony Creek 1st m. 7a 5J7...
Sunbury & Erie 1st ui. 7s, *97
•
i
Union* Tltusv. Ist m 7s, *90.
United N. J. cons. m. 6s, *94
Warren * F. 1st m. 7s, *9i...
West Chester cons. 7s, *9i.
West Jersey 6s, deb., coup./83
do
;st m. 6s, cp., ’96.
do
1st m. 7s, *97
Western Penn. KR. 6s, .893.
2
iio%
106
300.000
Marines
400 000
Importers*ATrad. 1,500,000
93
103
do
113%
ioir
6s P.B./96
CANAL BONDS.
Chesap. * Dela 6s, reg.,’86..
Delaware Division 6s, cp./78.
ios
73*
Lehigh Navigation &*, reg.,*84 103
do
BR., rg..*97
do
co^v. g., r<-g./94
do
gold, V?....
do cons.m.7s,rg,191!
Morris, boat loan, rcg„ <885.
Pennsylvania 6s, coup., :9.0.
Schuylkill Nav. ist m. 6s, ’97.
113
115
M*
*
165%
.
103%
61
•
•
.
..
Shoe and Leather. 1.000,000
Corn Exchange... 1,000,000
Continental
1,250,000
85
.
....
1,a
0,000 2,559,600
1,000,000
Oriental
*
STATB AND CITY
9 7 4,300
2.571.100
2.034,500
1,000,000
1,024,000
780,800
2,088,400
918,500
1.414.400
.
Penna.
do
do
do
780*906
Phi l.*R.t m. 7s,
Pottsv
7s,1884.
190l
thamokin
V:*Ind.
teubenv. *
:st, 6s,
PHILADELPHIA.
247,800
1.751.700
82%
83
xiaoittaU, co ax !u O n
do
preferred
7,500
110.500
2,282,000
5,950,U00
ioo%
!00U
ortland
Saco * Portsmouti
Coiouy
?id
...
$
40,030
.
1,000.000
t. Nicholas
Siarket
2,089,8G0
2,115,100
Ogdenab.AL.Cbampl’n.pref.
tion.
• •
1,000,000
500,000
3,000,000
600,000
Irving
Metropolitan
1,259,000
2,669,000
294.500
187.600
588.700
285.100
1,730,400
1,< 00.000
Pacific..
s
2.746.800
904.800
1.425.800
629,900
652,600
1,621,000
434,000
1.253,200
112.700
164.200
36,700
Allegheny City 7s, rev .....
150.200
45.000 Pittsburg 4s,coup., 1913.....
5,000
do
5s, leg. * cp., 19U 84 i 85
219.000
10/53,000 1,800,000 1,203,000 <7,375,000
6s, gnid. reg
do
716.300
13,164,000 1.446.600
6,092,100 1,984,600
do
7s,w’t’rln,rg.*c • 102% 103
385.500
392.800 2.870.700
891.900
4,547,800
do
2dm. 6a. 19085
50
no 7s. itr.imp.. reg./JS-Sfi1
410.100
337.100
3,326,500
do
2,938,900
180,000 N. Jersey 6s. reg. and coup...
6s, boat* car, 19:8
do
^oiS.'jOO
25.600
499.700 2,006,800
7s, boat * car. !9 5
do
exempt, rg. * coup
Susquehanna 6s, coup., ’,9.8 .*
155.100
3.017.400
460.700
1,494,600
450,000 Camden County 6s, coup
327.100
2,710.500
312.200
2,437,-00
395.500 Camden City 6s,coupon .....
do
BALTIHEORE.
7s, reg. & coup
9,200
1,223,800
155.300
1,055,900
5,403 Delaware
6s, coupon,.. ....
Maryland 6s, d fense, J.& J.
1,481.900
125,000
259,0:0 1.240.400
ao
6s, exempt, 1887
City 6s. coupon..
5,042 200
672.600
428,760
4.602.100
446,9*6 Harrisburg
do
6% ;890, quarterly,
RAILROAD BTOCK8.
81,900
445.900
1,9 5,400
do
2,007,600
76,800 C imden * Atlantic
58, quarterly.
9 >56,000 2/245,000
Baltimore
941,000 1,403,000
12,701,000
6s, S8l, quarterly
do
do
pref
30
27
do
6s, .886, J.&J
85.700
1,635,900
346/00 1.742.700
202.700 Calawlssa
....
9
do
6s, 189:>, quarterly...
do
1,813,100
pref ........ .. .... 34
63.700
230.800 1.671.700
3,900
34%
do
6s, park, 1890, Q.—M.
do
new pref.
30
238,000
177.700
1.642.700
363,800
do
6s, 1893, M.*S
Delaware & Bound Brook....
2.104,000
101,000
204.200
1,018,800
494,803 East Pennsylvania
do
6s,exempt/9S,M.*S
262.100
3,540,000
375.500 2.542.100
435,00J Elmira * Williamsport
do
1900, J.&J
118.500
3,261.000
256,000
do
1,8*3,700
4.700
1902, J.*J
do
do
pref.. a®
40% Norfolk
704.600
water, 8s.
3,4*3.200
81,330
2.591.300
778.500 Har. P. Mt. Joy * Lancaster.
BAILBOAD STOCKS. Par
‘<0,200
205,000
1,256,800
1.107.500
Huntingdon* Broad Top...
%
Balt.*
Ohio
100
do
do
pref
*4
2,079,000
312.066
165,000
86-2,000 1/53/00
do
Wash. Branch. 100
30
36%
! 5,846,7(.'0 1.698.600 2,829, 00 17.365.900 1,110,300 Lehigh Valley
do
Parkersb’g Br. .50
Little Schuylkill
43
1,958,100 1.910.900 14,077,700
540,000 Iilnehlll
Northern Central
50
45
46
45^ 400
616,500
21,100
103/200
807.500 Nesquehonlng Valley
Western
Maryland
50
45
47
8,700
Central Ohio,
50
555,500
520,6b0
141.500
Norristown
95% 96
* Connellsvllle..50
184.600
19.600
790,100
Northern Pacific, pref
715.600
16% 16% Pittsburg
BAILR 'AD BONDS.
33 <f 34
727,300
71,300
71,000
558/00
98,000 North Pennsylvania
* Ohio 6s, 1880, J.&J.
Pennsylvania
2.% 27% Balt. do
379,200
3,300
116,000
4.8,100
6s, 1885, A.&O.
6
7
502,000 2.301.200 9.614.700 1,05*1*666 Philadelphia & Erie
12,09\7C0
N. W. Va. 8d m..guar./85,J*J
Puiladeiphla
&
Read
ng
13%
6/ 98,000
180,000 1,493,000
5,752,i 00 1,460,000 Philadelphia* Trenton
Plttsb.* Connel)sv.»s/9{i,J&J
121% 123
2,034,000
536,000
Northern Central 6e. ’85, J&J
2,101,000
270,000 Ph:la.Wllinlng. * Baltimore.
do
6s, 1900, A.*0.
2*52,266 604.200 3,044,600 600,000
3,280,500
5
*5%
do 6s, gld, 1900, J.*J.
6,890,000 1,2'6,000 1.184.900 7,578,000
450,000
llb% 120
Cen. Ohio 6s, 1st m./90,M.& S.
754,300
5,061,100
694.800 4.821.900
792,000.
W. Md. 6s, 1st in., gr.,’90,J.&J.
20
30
1,090,000
123,10J
123.700
762.600
268,300
do
1st m., 8w, J. &J:..
CANAL STOCKS.
1.'10.400
7,000
227,000
811,000
223,000 Chesapeake * Delaware
do
2d m.,guar., J.& J...
LOW,400
333,000
do
1/273,400
180.00J Delaware Division
2im., pref
do 2d m.j;r. by W.Co.J&J
2,108,300
252,600
le6,300
1.951.500
Lenlgh Navigation
16% 16%
do 6s. 3d in.,
State of N. York.
800,000
American Exch'e. 5,000,000
Commerce
Circula¬
Net
Specie. Tenders. Deposits.
Capital. Discounts.
....
....
108
109
no: 113
108* 112%
101
105
105
108
110
107
1095k 110
109$
110
112
111
Ul
112
114
114
112
109J4
Stfk
ech. Bkg. Ass’n. 2,000,000
500,000 11,951,400
Grocers’
30 ,000
North River
240,000
East River
850,000
Mannf’rs’ & Mer.
1<;0,0 0
Fourth Na’ional.. 3,500,i00
Central National. 2,000,000
Second Natioual..
300.000
Ninth Nationil...
750,000
First National
500,030
Third National... 1,000.000
N. Y. Na». Exch..
300.000
Boweiy National.
...
,
250,000
200.0 0
750,000
New York County
German American
‘
Morns....
Total
65,525,200 232,030.7uJ 2:,469,500 38,612,000 201,038,000 20,033.100
-Thedeviations from returns ot previous week are as follows :
Loans
Inc. $2,0.44.100 | Net Deposits
Inc $1,984,000
Dec. 2,582.400 Circulation
8pecie
Inc.
34,800
pref
Pennsylvania
Schuylkill Navigation
’
.
Iuc.. 2,176,700 j
Legal Tenders
The following are the totals for
Loans.
S
1877.
Nov. 24.
Dec. 1..
Dec. 8..
Dec. 15.
Dec. 22.
Dec. 29.
1878.
a
L. Tenders.
Specie.
$
$
235.829.800
238,429 600
19.767.800 39,919.100
18,324,000 40,579,600
238.678.200 18,995,000 38,478,700
237.5 4,000 19.366.800 37,562,90)
239.764,203 19,674,bOO 36,067,5JO
239,173,900 22,122,4u0 35,800,503
196,961,500
196.9 2 8K)
195 896,400
194,842,500
197,711,800
Jap. 5..
239.256.400 25.207.500 31.6:2,000 2)1,981,500
Jan. 12. 23!*,936,300 27,091,200 34,9T4,000 203,666,000
Jan. 19. 236.9* 1,200 28.477.500 37,. 89,300 205,972,300
Jan. 26. 23S,404,300 3 >,193,600 37,241,203 207,171,200
Feb. 2.. 241,2 5,501 31,230,000 37.362.200 210,301,700
Feb. 9.. 248/51,-800 32.146.900 34,377,006 211.713,0 i0
Feb. 16. 242,&'/,900 33,011,600 34,845/00 212,132,000
Feb. 23. 248.659.100 32.879.400 33,978,000 210.891.600
Mar. 2
246.456.200 83.326.400 33,137,900 213.933.400
Mar. 9.. 246.320.800 87.116.900 30,655/00 215,155,900
..
Mar. 16.
Mar. 23.
Mar. 30.
242,978.90)
241,566,700
241.5 0,900
Apr. 6... 240.649.100
Apr. 13. 236,018,400
Apr. 20.. 232.118.400
Apr. 27. 230,801.500
89.545.900 30.326.200
39/87,500 29/05,700
38.767,600 29,425,400
86,620,700 26,637,000
35.430.900 28,666,100
35.935.900 82,166.000
32,5 5,100 34,933,80)
229, 36,400 30,051,900 38,435.300
232,030,700 27,4)9,500 38,612,000
215,0 5,100
211,938,500
210.378.400
204/63,2^ K)
201.926.600
202,053,400
200,8“ 5.000
1 9,074.000
201,038,000
*
•
18.100,500 457,11)4,418
18,110,300 369.512,964'
18.208,300 488,942,229
18,676,700 426,935.792
10.293,90J 4:2,404,646
19,657,800 824,336,660
"e
pref..
do
do
.
108
92
104
106
99% 100
94
95
97
100
108
112
100
105
103
112
55
65
103% 108
7s. E. ext., 191
Inc. 78, end., ’9
>*3
27
Baltimore Gas certificates... 100
108% People’s Gas
87
23
It 5%
104%
14%
102
15%
CINCINNATI.
94
Cincinnati 6s
103
do
78..
106
do
V30s
South. BR. 7*308
do
do
6s, coup., ’81
do
do
6s,
gold
t
do
mort. 6s, ’89..... H06
i06% Hamilton Co., O., 6s. long...t 95
Cam. & AtL 1st m. 7s, g., 19)3 108
ao
7s, 1 to 5 yrs..f 100
do
21 m., 7s, cur., *6C 100% 101
do
7 & 7*30s, iong.t 104
L01
Cln.* Cov. Bridge st’k, pref
Cln. Ham. * D. 1st m. 7s, ’80
100%
chat, m., 10s, ’88
97
do
2d m. 7s, ’85.
new 7s, 1900
103% i04
Cln. Ham. * Ind., 7s, guar...
103
103% Cln. * Indiana ist m. 7s...
do
2dm. 7s,’<7..
too
Colum. * Xenia, 1st m. 7s, *90
02
93
Dayton * Mich. 1st m. 7s, *81.
East Penn. 1st mort. 7s, *88
102%
do'
2am. 7s,’84.
El.* W’msport, ut m., 7s, ’80. 104% 105%
do
3d m. 7s, *8i.
do
1st in., 5s,perp
Dayton * West. 1st m., *81.. .t
Harrisburg 1st mort. 6s, 8;.
do
1st m., 1905 .
H. A B. T. 1st m. 7s, gild, ’90
107
do
1st m. fs,;905
do
2d m. 7s, gold,’95.
104
Ind. Cln. & Laf. 1st m. 7s—.
15
do
3d m. cons. 7s, *95*
31
do
(I.&C.) I8tm.78/r
110
Ithaca* Athens 1st g d, 7s./9( 109
99
Little Miami 6s, *83
Junction 1st mort. 6*, ’82
cm.
Ham.
* Dayton stock.
11%
do
2d mort. 6s, 19J0
98
Columbus
*
Xenia
stock
L. 8up. A Miss., 1st m.. 7<», g.1
*
Dayton
Michigan
stock....
Lehigh Valley, 6s, coup.. 1898
do
8. p.c. st’k, guar
do
6s, reg., 189)...
do
7s, tea., 1910... 113% ii4% Little Miami stock
do
con. m., 6s,rg.,i92£
97%
LOUISVILLE.
do
do
6s,■ p.,19 i
Louisville 7s
t 100
!i04%
do
1
108
6s, ’82 to *87
+
103
do 5 6s, *97 to *92
111
1
1)2
do
water 6s,’87 to ’89 t
do gen. m. 7s, cp., 1903
104
do
water stock 6s/97.t
do gen. m. 7s, reg., 190*:
104
do
wharf 6s
+
Oil Creek ist m. 7s, coup.,*81. 86
87
r
do
45
spec’l tax 6s of ’89.+
50%
Water
Co.
19071
Louisville
Cs.
do
scrlp^
93
105
95
97
105
108
101
....
•
•
•
■
,
..
•
•
•
•
..-
...
....
•
•
ROTATIONS IN BOSTON. PHILADELPHIA AND OTHER CITIES.
105
91%
MISOKLLAN EOUS.
RAILROAD BONDS.
•
19.787.100 412,729,867
19.861.600 4C3/12,6,.8
19.841.800 408,472.674
19,79.3, 00 378.019,773
19.761.800 340,214.147
19.687.100 344,105,462
19.781.200 843,070,424
I9,8i)6.900 289.487,491
19,838,500 400,699.660
19/85,100 877.110,111
19,910,700 40t,592/77
19.900.300 373,731.072
19.912.300 359,153,328
19.944.600 4)1,442,055
19.959.200 3^1,415,325
19.982,900 426,180,360
20,021,800 419.201,399
19.998.300 439,525,545
20,033,100 361,572,687
•
•• •
•
Susquehanna
series of weeks past:
195,234,900
do
Allegheny Vai., 7 3- 10s, 1895
Deposits. Circulation. Agg. Clear
SIS
135
...
104
95
guar., J.& J. 108
119
Mar. & Cln. 7s, ’92, t\ & A
82
83
do
.' 2d, M. * N ....
29
30
do
8s, 3d, J. & J.
12% 13
Union RR. 1st, guar., J. & J
Can on endorsed. i02
do
104
50
do
102H 103
•
88
*
.
BOSTON.
Maine to.
New
Hampshire 6s
Vermont 6s....
Massachusetts5s, gold..
Dpston 6s, currency
/■do 6s,gold
Chicago sewerage 7s.,
’'/do
Municipal 7s
........
•
•
»
‘
U
d0*
•
•
•
•
A •
•
•
•••*
Atch. A Tcpoka 1st m. 7s
do
land gra
do
2d 7s.......
do
lano Inc. 8s..
Boston m Albany 7s.....
’
•
•
• a *
•
•
100%
lu
ioi%
v,
Old Colony, 7s.
U0
do
6s
Omaha * 8. Western, 8s
iio
Pu-blo * Ark. Valley, 7s
94H
Rutland 8s,1st mort....
Venn’tC. 1st m., 7s.
Vermont« Canada, new 8s..
Vermont * Mass, tt K., 6s
'
•
•
•
•
.
Atchl-on A Topeka
99% Boston* Albany
98% Boston A Lowell
m Boston* Maine.
Boston* Providence
115% Burlington * Mo. In Neb
•
■
-
do
•
•
27*
12)
:
7s, Inc..
■% !
...
rbi.sa...
28
’-22%
94*
11%
•
.
.
.
«
• a 1
•
•
8%
•
115%
r
•
•
••.
«M
....
130
36%
ISO
37
*
ST.
LOUIS.
ouls 6s,lo g
...
o
1witer6s,gold.,...
o
■1 do ' •>.f do ' ’ new.
bridge appr.. g. 6s
o
0
'
o
109
104
104
103%
renewal/gold, 6s.•
sewer, g. 6s, *9 -2-3.f
ouls Co.
do
101
"
new park,g.6s.f
car. 7s
t
....
42
'
« •
Norwich * Worcester
88%
* •
• •»
‘
Lonlsv. * Nashville—
Leb. Br. 6s. *86.
t
1st m. Leb. Br. Ex.,7i/80-85.f
Lou. in; *
do
6s, *83.. .+
Consol. 1stm.7s, *98 .....
a
•
•
....
HI
•
ibs%
fi
•
100*
81
63
1905
io5%
7s....
do
6
do
Perklomen
Phila. * E^ie
do
2d m.7s,cp./S8.
101%
Phil a. * Read. 1st m. 6s, ’43-’44. 103% 101
do
do
*48-.49
do
2d m., 7s,' p .*93 100%
do
39
deben., cp., *93*
do
do:, cp.oil.,
do
52
scrip, 18*2.
52%
In. m.7s,cp,1896
do
do cons. m. 7s, cp..t9i!.. 100%
do cons. m. 7s, rg.,l9’.i.. 100
do co s.m.6s,g.i.l9il....
do conv.7s,rg.Acp.!893'
do
80
7s, coup, off, *93 25
do scrip, 1882
i*
**
Phila.* Read. C.&I. deb. 7s,92 >
do deb.7s.coup. off....
do scrip, 1882 ...........
•
iu4
....
Eastern, Mass..8ks, new.
Hartford* Erie 7s, new
b»3sa»^inr
•
So
•
...
do
112% 113%
do
,2dm.,7s.. .....
Pennsylvania, 1st m., cp./80.. 104%
do
1st m.,7s, 1906...f
103%
do
gen. m. 6s, cp.. 1910 107
107%
t A.
Lonlsv.
C.
A
Lex. ist m. 7s,*97.
do
gen. m. 6s, rg., 1910. 107%
101
ex
pa^t-due
100%
coupons
+
91% 92%
100
_ouls.* Fr*k.,LoulBV.ln,6s,
o
cons. m.
m. 6s.*, cp.,
rg., 1905.
cons.
stocks. -'
Boston A Lowell 7s
Boston A Maine 7s
Burj. A Mo., land grant 7s....
110%
do
Neb. 8s, 1891.....
11m
do
Neb. 8s, 1883
1«8>» 109%
Conn. A Passumpslc, 7s, 189,*.
FltChbnrg KB, 6s....
106
JUh. City Top. A W., 7s, 1st
in”
....
• a
.
Portland 6s
'
•
Bid. Ask.
SZOUBITIBS.
1
Bid. Ask.
•souxrrijts.
In default of interest.
•
•
• • •
t And Interest.
hit
THE CHRONICLE
1878.]
QUOTATIONS
OF STOCKS AND BONDS IN NEW YORK.
U. S. Bonds and active Railroad Stocks are quoted on a previous page.
Bid. Ask.
58,1888.
t
8b, \ OOOa •
• »•
8a, 1888.
8s, M. A E. RR-*
8a, Ala, A Ch.K.
do
8a of 1892
f;:Jo
8a of 1893
Arksraaa 6s, funded. ...
do
......
do
do
do
do
-
••
•
R. R
RR...
7a, Miaa. O. A
7a, Ark. Cent.
Connecticut 6a
Georgia 6a...........v.
..
«
•
•
do
6a, new
Is, new float'd d<
7a, Penitentiary.
6a, levee
8a, do
8a, do 1875
8a, of 1910
7a, consolidated.
7s, small
Michigan 6a, 1878-79..
do
6s, 1883
do
7s, 1890...
ao
«
••t
•
6
20
20
20
4
4
4
4
4
108
100
...
•
•
•
•
-
-
t
7
7
7
7
7
do
do
do
do
do
100*
do
7a, gold bonds... 107* 10s
104
Illinois 6a, coupon, I87i... 101
War loan.. ... ... 101
do
Kentucky 6a.
..
101*
101*
•
1882
do
do
do
do
or Un.,due
do
do iW..
RAILROAD
AND
3%
Erie pref....... .
Harlem
Joliet A Chicago
Long Island.
147
--
14®,
Missouri Kansas A Texas.
Hew York Elevated Bit..
160
Hi Y. New Haven A Hart. 159
Ohio A Mississippi, pref
pitta. Ft. W. A Ch* guar.. mi 91
do
do
special. 70
94
ioo
Rensselaer A Saratoga
Rome Watertown A Oar.
8U Louis Alton A T. H....
20
j
pref.
do
do
BellevllleA So. Ill.,pref.
6* *8
St. L. I. M. A Southern..
Sfc-L. K. C. A North’n.pref
Terre Haute A Ina*poIia..
United K. J. R. A Cf....... 1*9* 120*
.
.
-
nUicePoas Stocks.
Atlantic A Pa r. Tel
Am. District Telegraph...
Canton Co., Baltimore....
American Coal.... ... ...
.
« •
•
•
if
150
46
pref.
-
•
•
Spring Mountain Coal...
Mariposa L. A M. Co.....
do
*15*
25
Consolidate Coal of Md..
Cumberland Coal A Iron.
Maryland Coal
Pennsylvania Coal
„do
22
35J«
Ontario Sliver Mining....
Railroad Bonds.
3
36
(Stock Exchange Prices.)
Boston H. A Erie, 1st m..
11
guar. ... 713
Bur. C. R A North,, 1st 5s.. 69*
Minn.A St.L.,lst 7s gna 80
Chfib* et Ohio 6s, 1st m.
25
do
Ho
Wi,
13
70
•
•
»x cour
Chicago A Alton 1st mort. 115*
do
income. 104
Joliet A Chicago,1st m. 110*
La. A Mo., 1st in., guar.
96
do
do:
consol,
5s a, f
m.
7s
111*
790
Ch.Rk.IAP.. a f-lncJa,^. 106*6
68,1917, coupon
108M 109’
6s,1917, reglst'd
t 108
108*
n»ua1 U1D.U •1
do
do
do
do
do
do
do
do
112
bO
lou AU*f XI.
1st consol
ssented.
81*
mi
76
conv
70
79
assened. 760
Lehigh A W.B.con.guar
110
104
...
104
1< 7
in *
109
104*
107*
iio
If6
44
do
do
consol. 7s
N. Y. Central 6s, 1883
do
6s, 1887.......
do
68, real estate.,
do
6s, subscription,
do A Hudson, 1st m., coup
do
do
lstm., reg. 7
Hudson R. 7s, 2d m., s.f., 1885
Harlem, 1st mort. 7s,coup...
do
do
7s. reg...7
North Missouri, lat mort
Ohio A Mbs., consol, sink. fd.
do
consolidated....
do
2d do
Pacific Railroads—
Central Pacific gold bonds
do San Joaqnln branch
do Cal. A Oregon let
do State Aid bonds.....
do Land Grant bonds..
Western Pacific bonds
Southern Pac. of Cal., 1st m.
Union Pacific, 1st mort. b’ds
do
Land grants, 7s.
do
Sinking fund...
Pacific R. of Mo., 1st more...
do
2d mort
do
Income. Ts..
do
latCnron’t 1<
South Pac.of Mo., lat m ....
Chic., lstm..
V
•
,
-
rd0^
%
,
.
,
1*8*
4:
8d do
JV? 1st eons. arm*
kSaratoga, lat cp
wTxv, L- i
dO
,
: ^ 1st reg
SfMatmort.;^extended. *1196
*
95
iu*
114*
7114
113
Price nominal
• ••
110
24*
•
•
• •
’-03* 103*
107
108
*02*
102*
-
2H
105
,..
STOCKS
AND
Detroit Water Works 7s.
April A Oct....
Funding act, 1866.
Land C., 1389, J. A J
LandC.. 1889, A. A O........
• *
*
• •
^
*
.
,.
t
Ss, consol, bonds
Sa, ex matured coup
6s, consol., 2d aeries
6s, deferred bonds
D1 itrlct of Columbia 3*65s, '914
121
89 *
90
80*
♦ ••••
103
•
•
••
9a!
1
ISSS 105*
120
1H*
104*
108*
1< 6
33
n
36
105*
52
111*
97
104*
Carthage A Bur. 8s
Dixon Peoria A Han. 8a.
O. O. A Fox R. Valley 8a
Quincy A Warsaw 8s
Illinois Grand Trunk....
Chicago A Iowa R. 8s...
^
^
«
+
^
«
§ *;
109*
109*
62
15
56
16
90
50
20
24
45
*60
10
70
98
7s„
84
Evansville Hen. A Nashv. 7s...
40
Evansville, T. H. A Chic. 7s.
g. •50
Flint A Pare M. 8s,Land grant. •H)
Fort W., Jackson A Sag. 8s, R9 43
Grand K.A Ind. 1st 7s, Lg^ gu. 92
do
jstls,l. g., notgu. 79
do
1st ex 1. g.is. 45
Grand River Valley ft>, 1st m*. t>7*
Houston A Gt. North. 1st 7s, g. 50
*8“
do
do
do
do
do
do
do
•• a
112
►5
66*
9
*40*
120
93
7
...
66
760
79
105*
ICO
109
Chicago 6a, long dates..
t 90
do
98
7a, sewerage
...j
de . 7a,water.
t 99
do
7a,river lmprovem’t 1 97*
Cleveland 7«. long
........+ 106
_
t Aud accrued Interest.
82
81
68
65
78
s*
98
30
80
t88
102*
95
t70
tioo
74
7a, g.JVd gr.,JAJ,’80 95
7s, g.. do MAS,*86 35
99
6s, gold, J.AD., 1896
<895.
6s, do F.A
Is, Leaven, br., *96..
18
Incomes, No. 11
No. 16
do.
do. Btock
Keokuk A Dea Motnea 1st 7a...
do
fupded Int. 8s
.
71*
t8*
• • a •
•
17
JH
50
65
Long Island RR., lat mort. ... 96
103
99* Louiav. A Nashv. cons. m. 7a.
do
90
2dm..7s,g..
72* Michigan Air Line 8s, 1890....+ 100
30
Montclair A G. L.lst 7s
do 2dm. Va
4
87*
Mo. K.A Tex. lat 7s,‘g., l904-*06 42
9
do 1:
2d m. income...
52
22*
40* H. J. Midland lat 7s, gold
Y. Elevated RR., lat m
77)4
4
N. Y. AOsw. Mid. lat....
99
do recelv’s ctfs.(labor) 27
85
20
do
.do.
t other
67
North, Pac. lat m. gld, 7 3*l0t .. 22
Omaha A Southwestern RR. & 10s*
70
90
Oswego AiRome 7a, guar
PeoriaPeldni A J, 1st mort ... 20
Pullman Palace Car Co. stock. 73*
91
do
•> bda., 8a, 4th series
St. L. A I. Mt. (Ark. Br.) 7a, g. 67
St. L. A San F., 2d m., class A. 45
do
do
class B. 22
-do
do
claqs C.
St.L.ASo’east. cons.7s,gold,’94 85
St. Louis Vandalla A T. H. lat. 101
•
.do- r
f
^
guar 70
,
111
97
9»*
2d,
Sandusky Mans. A Newark
<a.
South Side, L. 1., 1st m. bonds.
i
ao
sink. fund..
100* South. Cent, of N. Y. la, gnar.
100
108
do
small...
do
registered
iQ7*
98
110
116
101
Tol. can. So. A Det. l»t7s, g.
Union A Logansport 7a
Union Pacino, Sq. branch, 6s,g
West Wiaconain 7a, gold.
Southern Securities.
(Brokers' Quotations.)
STATES.
Alabama new consols, Class A
do
do
do
do
Class B
Class C
26
27
27
72
59
32
•
•••
•
•••
61*
5
4*
Southern Minn, lat mort. 8a...
7a lat...,.- —
do
%
30
85
71
98
.
rm
78*
•• •
•
100*
41
62
t..*-
64
60
55
58*
48
44
45
72*
73*
44
101
fgood nos.) 81
M.ASt 1C2
1892-1910. J.&Jt 110
112* Georgia 6s, 1878-’89
107
Texas «s,
do 7s,
do 7s,
do 10s,
do
do
li|
6«*
21*
58
75
104
100
55
25
26
8a...«.
waterworks
Augusta, Ga., Ts, bonds
Charleston stock 6s
:
Charleston. 8. C., 7s, F. L. bds
Columbus, Ga., 7s, bonds
Lvnchburg 6s
87
bonds A A B
end., M. A C. RK
...
Mobile 5s (coups, on)
do 88 (coups, on)
do
6s, funded
Montgomery, new 5s
.
Petersburg 6a
8s
... ...
do
end. Savan’h.
Carolina Central 1st m. 6s, g...
Central Georgia consol, m. 7s
do
stock
Charlotte Col. A A. 1st M. 7s..
Cheraw A Darlington os ....
East Tenn. A Georgia 6a....
East Tenn. A Va. 6a end. Tenn
E. Tenn. Va. A Ga. lat m. 7s...
do
do
atock
Georgia RR. 7a
6a
atock
Greenville A Col. 7a, 1st mort.
do
7s. guar....
do
do
Macon A Augusta bonds
do
2d endorsed.
stock
Memphis A Charleston 1st 7a
2d 7a...
atock..
do
Memphis A Little Rock lstm.
Mississippi Central 1st m 7a...
do
2d m.5s
do
2d ex con pons
Miss.A Tenn. 1st mort. 8s, **A''
do
do
8a, “B”
Mont. A Enfaula lat 8a, g„ end
Mobile A Ohio sterling
do
do ex cert. 6s
..
.
do
-do
8a, interest
2d mort. 8a...«
Orleans A Jacks. 1st ra.8a.
Certificate, 2d mortg. 8a
Nashville Chat. A St.L. 7s....
Nashville A Decatur, lat 7a....
Norfolk A Petersburg lat m.8s
N.
do 7#
do
2dm. 8s
Northeastern, 8. C., lat m. 8s..
do
do
2d m. 8a..
Orange A Alexandria, lata. 6s.
do
2da,6s..
do
Bda, 8a.
do
4tha,8s.
Klchm’d A Petersh’g lat m. 1».
Rich. Fre'kab’g A Poto. 6a
do
do mort. 7s
Rich. A Danv. 1st consol. 6a...
Southwest RR. Ga .conv 7a,*86
So nthwestern. Ga., stock
S. Carolina RR. lat m. 7a
7s, 1908
7a, non mort..
Savannah A Char, lat M. 7a...
Charleston A Savan'h 6a, end
do
do
Weal Alabama 2d
do
m.
»a, guar..
latm.8a
.......
DUE COUPONS.
Tennessee State coupons
Sonth Carolina consol
Virginia coupons.
do
*
86
40
88
36
W*
N.C., 6s, gold j coup
8a,gold) on. ‘75
RAILROADS.
Ala. A Chatt. lstm.8s,end....
do Rec’ver’a Cert’s(var.Nos)
Atlantic A Gulf, consol
:
S?
47
TlftW
<
90
75
34
36
47
do
consoi. coup
Kfirnnhia rV-*~
$No price to-day; these are latest quotations made this week.
•
hO
i()2*
do
25
8
50
25
.
7s, old
(aO
S
s
20
35
85
85
97
Richmond 6a..
W 11mton,
do
79
70
98
'60
40
....
62
65
15
15
33
do
new 3s
Nashville 6s, oh
do
6s, new
New Orleans prem. 5s
do
consol. 6s..
do
rnllroad, 6s..
do
wharf lmpta, 7-3Q
Norfolk 6a
Savennah
100
70
Memphis bondt C.
do
106
100
mi
Macon bonds,7s
do
do
104
96
95
62
.
.
-
45
103
S. Carolina con. 6s
110
Chic. A Can.Sonth lstm. g. 7s.
Chic. A East. 111. 1st mort., 6s
do
.2d m. Inc. 7a.
Chic A Mien. L. Sh. 1st 8a. '89. 175
Chic. A S’thwestern 7a, guar... 92
Cln. Lafayette A Chic., 1st m
70
Col. A Hock V. 1st 7a, 39 years, 102
do
1st 7a, 10 years, 98
•
25
i5
120
99
85
111
76
75
107
f 100* 10!*
I0i* .0®,
Hons. A Texas C. let 7a, gold..
do
West, dlv
do
Waco
75
do
consol, bds..
80*
Indianapolis A St. Louis 1st It
121
Indlanap. A Vlncen. 1st 7s, gr..
International (.Texas) Istg...
115
Int. Hi A G. N. conv. 8a...
Iowa Falls A Sioux C. 1st 7a...
110
Jackson Lana. A Sag. 8a,lat mt
Kal. Allegan. A G. R. 8a, gr...
Kalamazoo A South H. 8a, gr..
Kansas City A Cameron IQs...
104)4 Kansas Pac. 1s(g.,ext. MAN.*99
86*
793
»
8s. var. ser. 108
109
Cairo A Fulton, 1st 7b, gold...
72*
mi
California Pac. RR„ 7a, gold
.95
92
do
68,2d m. g. 78
81
Canada Southern, 1st m. coup. 73
73*
Central Pacific, 7s, conv
104* 106*
Central of Iowa lstm. 7s,gold. 32
34
Keokuk A St. Paul 8a
j r» • t 100* 101*
.
7106
to*
•
35* 38*
103
1892
111
gold,
gold. 1904...J.&J. ..t 111* 113
RAILROADS.
pension, 1894.. J.AJt 103* 104
Atchison A P. Peak, 6s, gold.. 30
35
Boston A N. Y. Air Line. 1st m 102
103
CITIES.
Bur. A Mo. RJv., land in. 7s.. .f
110* lit* Atlanta,Ga., 7a.....
101
do
convert
do
7a, equip...
107* 107* Evanaville
A Crawfordav., 7s.. ioi
87* 87*
96
•
„
109
Rochester C. Water bds., 1903t
Toledo 8s. 1889-’94
t 104
98
Toledo 7-30s..
Yonkers Water, due 11-03
108
con. m.,
.96*
,
Virginia 6a, old
8a, new bonds, 1866
«s,
do
1867
109
112
116' 118
43
80
30
80
40
40
30
2
3
399s 40
38
37
BONDS.
.t 109
Elizabeth City, 1880-95 ..
..
t 70
do
1885-1907. ....t 70
Hartford 6s, various.....
104
105
Indianapolis 7-S0s
Long Island City
t 96
Newark City 7a long
7 107
do
Water 18, long...1 112
Oswego 7s
+ 99
.
.
7a of 1888
Ron-fundable bonds ........
Tennessee 6s, old
do
6s, new
do
6s. new aeries
...
..
•a*
'
..
• •
8U
...
108
100
.
.
•
...
110
103
99
780
.
.
•
....
8*
2*
2*
.
120*
do
2d 7s, 20 years..
319* 120* Connecticut
7s.....
1*2* 113* Connecticut Valley
Western
119
119* Dan. Urh. Bl. A P. 1st lat7s....
m. 7s, g.
118*
105* Denver Pac., lat m.7s, ld.gr..g.
A
Rio
Denver
Grande 7a, gold.
98* Dea Moines A Ft.
Dodge 1st 7a.
98
Detroit
A
Bay
City
8s, end...
61
Erie A Pittsburgh let 7a
Spring, dlv..
do
*•
•
...
Poughkeepsie Water.
107
109
111
109
lOi
..
,,
’92*
109
109
104
do.;;, equipment bonds.
Hew Jersey Southern lstm. 7s
...
_
’1*12
110
li!9
do
new bds
Buffalo A Erie, new bonds..
Buffalo A State Line 7s ....7
Kalamazoo A W. Pigeon, 1st
Det. Mon. A ToI.,lst 7s, 1906.
Lake Shore Dlv. bonds
do
Cons. coup.. 1st.
Cons, reg., 1st..
do
do
Cons, coup.,2d.,
do
Cons, reg.,2d., x
Marietta A Cln. 1st mort...
Mlcb. Cent., consol. 76,1902...
lstm. 8a. >882, s.f
do
do
do
2d m..
do
do
3dm..
46* 50
Cleve. A. Pitta., consol., aJ.
do
4th mort.. 7
118X 119
Col. Chic. A Ind. C., 1st mort
104
do
do
2d mort
105k 106
Rome Watert’n A Og.,con. 1st
108*
St.
L.
A
Iron
Mountain, 1st m.
108
102
do
2d m..
do
796
St. L. Alton A T. H., lat mort.
do
2d mort.,pref..
107
do
2d mort. lnc'me
100*
Belleville A 8. IU.R. 1st m. 8s
Tol. Peoria A Warsaw, E. D...
look
do
do
W. D..
105k
do
do Bur. Dlv.
10n«
do
do 2d mort..
05
do
do
consoles
108M
Tol.
A
Wabash,
1st
m. extend.
101
101
do
ex coupon
do
latm.St.L. dlv.
do
ex-matured coup.
Galena A Chicago Ext
107
do
2rt
mort
Peninsula lat m., conv. 110
do Ex A Nov.,’77, coup.
Chic. A Mflw., 1st mort.
no
<lo
equip'!, bonds,
Winona A St. P., 1st m.
97
do
con. convert...
do
■
2d mort. SI
do Ex. Aug.,*78,A prev’a
C.C.C.AInd’s lat m.7aBF. 107 108
Great
Western, lat m., 1888..
95
tL.
do
ex coupon ..
Del. Lack. Aconsol.m.hde
West.,2d m. 104* 106
do
2d mort.. '93.
do
,,
7a, conv. 100
do Ex A Nov. *77,coup.
*n
do
mfrt..78,1907 104* 106
Quincy A Toledo, lat m.. '90..
fikr. Blngh. A N.Y. *»t,Ja 101* 102
do ex mat. A Nov.,’27,cou.
Morris A Essex, 1st. m.. 116
Illinois
A So. Iowa, lat mort
do
2d mort.
105*
do )
ex coupon
bonds, 1900. 775
Han. A Cent. Missouri, lat m
80
construct’n
Pekin LincTn A Dec’t’r,lat m
do
7a, Of 1871 97*
Western Union Tel., 1900,cp...
91
r,fu t_4o
tat con. guar. 90
do:;
.do
reg... 7
Del.AHud.Canal, 1st ra.,’84 HU* 102
Miscellaneous List.
do
do 189; 101* 103
do ,„coup. is. 1894 98
(.Brokers' Quotations.)
93961
CITIES.
, „
do > u > reg. is, 1894 98*
Albany A Suaq. ist bda. 110*
Albany, N. Y., 6a, long
do
.-1
<d uo
100* 101
Buffalo Water, long
t
do
do
do
asa ,m. ted.
Am. Dock A Imp. bonds
do
> ssented.
do
ChJMlLA St.P.ist rn.8s.PJ)
do
2d m. 7 3-10, do
do
1st 7s, $g ,K.D
do
1st m., LaC.D.
do
lstm.J.AM.D
do
latm.,I. AD.
do
litm.,H. AD.
do
1st m.. C. A M.
do
consol.8lnk.fd
i
do
2d m.t,.
Chic. A N. West. sink, f d
do
Int. bonds,
do
consol, bd*
do
ext’nbds.?
do
1st mort.
do
cp,gld.hds.
do
reg. do i
Iowa Midland, ;pt m. 8a.
• •
«
50
10
9
J
O......
1863
N’ew bonds, J. A J
do
A. A O
Special tax, Class 1
do
Class i
do
Class 3
Ohio 6s. 1881
MISCELLANEOUS
do.
Penn. BR—
Pitta. Ft. W. A
• *
•
•
70
70
funding act, 5866..,
-
,
108*
10*
103*
.
St.LJackJk Chtc.,lat m. 104k
Chic. Bur.A Q, 8 p.c.,lstm 113
113*
A. A O
J. A J
do
..A. A O
do coup, off, J. A
do
do off, A. A
104
do
do
2d mort
Lake Shore—
Mich S. A N.Ind., S.F., 7 p.c. 108* 103
Cleve. A Tol. sinking fund.. 1V»*
do
new bonds....
109
Cleve. P’vllle A Ash., oldbds *104
lat
16*
10*
do
•
105* 105*
105* 107
:05*
..
*
•
Indlanap. Bl. A W.f 1st mort... 719*
do
«
•
Ohio 6a, 886
RiOde Island6s.
South Carolina 6s.
Jan. A July
123
..
Han. A St. .Jo., 8s, conv. mort.
92*
Illinois Central—
Dnbnqne A Sioux City,1st m. 7102
do
do
2d div. 7105
Cedar F. A Minn., 1st mort.. 89
•
27
»
ao
..
21
..1891
3.C. UR
103
104
'83.
1388.
18'flf..
1838.
1389 or ’90..
or
••
74k
Pittsburg, guar..
Col. Chic. A I Cent
Dubuque A Sioux City.
•
112
oa, uu
do
do
58, Old. J. A J
.
Cleve. A
do
• • •
-
114
6s, gold, reg..,.1887
5s, do coup.. J887
9a, do loan... 1883
•
Ask.
Bid.
SBOTTKITISS.
.
Erie, 1st mort., endorsed
.Railroad Slocks.
do
2d
do
7a, 18)9
(Active pro'i'usly quot'd )
do
81
Sd
do
7s, 1883
Albany A Susquehanna... 78*
do
4th
do
7s, 1830
28*
27*
Burl. C. Rap. A northern.
do
5th do
7s, 1888
Central Pacific,«...
71
do
7s, cons., mort., g’d bda
Chicago A Alton
do Long Dock bonds
100
do
pref
an
Buff.
N/Y. A E, 1st, m., 1916...
Clove. Col. Cin. AI.
•
Sew York Statela, Canal Loan, 1878
3a, do
do
1892
20
.1893.....
6a, do
do
76* 57 jrth Carolina—
76
75
.
...
-S-
Bid. Ask.
SKOUBITIBS.
9s
Asylum
1894..,
Funding, due 1894-5.
San. A St. Jos.,due 1886..
ff|
,
101
T9*
-
.
1
• •
55
do
do
do
do
do
do
do
...
7a,new bonds.... 109
7a, endorsed. ... 108
do
•
do
•• •
•
43*
....
>7L.k* Ft. 8.is*
*a Memphis A L.R.
7s,L.*>.B AN.O
do
do
do
do
do
Louisiana 6a.
43*
43*
43*
1883.
Alabama 5s,
Bid. Ask.
8BCUKITIK8.
the per cent vayue, whatever the par may be.
BOND<
STATE
oscnremxs.
Prices represent
■
may 18,
•••
96
IS
5S
52
«i
-
THE CHRONICLE.
492
SECURITIES.
LOCAL
NEW YORK
|V0Ja XXVI
Insurance
Bank Stock List.
Stock List.
[Quotations by hi. 8. Bailey, broker. 7 Pine streel ]
-
CAPITA!.
Companies.
Mark’d thus (*)
are not
eg
Nat’l.
CL_
Amount
Prtcb.
Dividends.
Snrplns
Capital.
latesl
at
Bid. Ask.
Last Paid.
Period 1870. 1877.
8
9
Jan., »7<j. 4
139
100 3,000,000 1,451,700 J. * J.
7
5)4 May, >79. 3
98X
Am. Exchange 100 5,000,000 1,231,000 M.&N.
12
Jan , ’78. 6
12
J.*
J.
100
Bowery
250,000 207,200
900
Brewers’* Gr.* 100
150,000
Jan*' ’78. g
10
25 1,000,000 1,212,5C0 j.'a j! 68
Broadway
Sent. ’75. 5
19,800 M. * S.
Boll’s Head*... 10
200,000
8
10
July, ’77. 4
75
43.100 J. * J.
Botchers’.* Dr. 25 500,000
8
8
Jan.,
’78. 3)4 96
862.700 J. * J.
Central
100 2,000,000
12.400
Chase
100
300,000
lo ~9 Jam," >78. '3" ICO
Chatham
25
450,000 162,800 J.'& J.
3,089,200
Bl-m’ly 100 ICO May, *78.15
Chernies'
300,000
100
8
6)4 Jan , ’78. 3
Citizens’
25
600,000 15^,800 J. & J.
10
May, »78. 5 200
City
100 1,000,000 1,522,300 M.&N. 20
0
7
Jan., ’78. 4 113
Commerce
100 5,000,000 2,630,000 J.& J.
3
75
Jan., ’70. 3
Continental,... 100 1,250.000 293.600 J. & J.
10
Feb., ’78. 5
725.900 F.&A. 10
Corn Exct’ge*. 100 1,000,000
6)4 July, ’17. 3
7)4
46.400 J. * J.
East River....
25
350,000
0
July, ’70. 3
11.500 J.& J.
11th Ward*.... 25
100,000
io
10
Oct., *77. 2)4
47.4C0 Q—J.
Fifth
100
150,000
225
135.900
Av<
Fifth
nue*. 100
100,000
12
12
*pl., ’73. 3 280
First
500,000 1,065,100 Q—J*
100
901.700 J. & J.
6)4 Jan., ’78. 3)4 98
7)4
Fourth
100 3,500,000
10
145
May,’78. 5
Fulton
30
600,000 435.900 M.&N. 10
7
651.800
Apr.,’78. 3)4 no
A.& O.
7)4
Gallatin
50 1,500,000
Feb., ’74. 3
81,200 F.& A.
German Am.*. 100
750,000
0
0
49.300 May.
May, ’78. 5
German Exch.* 100
200,000
6
7
54,000 May.
May, ’77. 6
Germania*
100 200,000
7
8
18,000 M.&N.
May, ’78. 3
Greenwich*.... 25
200,000
800
Grand Central* 25
100,000
J an., ’77. 3
3
8
23,000
J.
&
J
Grocers*
40
800,000
7
3
167.100 J.& J.
JaD., ’78. 3)4 100
Hanover
100 1,000,000
14
200
Jan , ’78. 7
Imp.* Traders’ 100 1,500,000 1,876,900 J. * J. 14
8
10
Jan., ’78. 4
T. & J
Irving.... . .. 50 500,000 124,400
8,100
6)4
Jan., ’78. 3
Island City*... fO
100,000
J. * J.
12
145
Jan., ’78. 0
600,000 410.600 J. * .1. 12
Leather Manuf. 100
8
135
9
Feb., ’78. 4
F.&A
Manhattan*..
50 2,050,000 1,0? 3,100
July. 75. 8)4
Manuf.* Her.* 60
8,100 J.& J.
100,000
5
JaD., ’76. 5
Marine..
75/di J.& J.
100
400,000
7)4 Jan., ’78. 3)4
Market
100 1,000,000
284.600 I.& J. 108
9
130
Jan., ’78. 4
Mechanics’
936.500 J.ft J.
25 2,000,000
2)4 May, ’77. 2X4 50
Mech. Assoc’n. 60
500,000
77.200 M.&N. 3
7>* Nov., ’77. 3)*
Mech’lcs * Tr. 25 600,000
122.800 M.&N. 9
0
May, ’78. 3
Mercantile
191.800 M &N. 8
100 1,000,000
8
7)4 Jan., ’70. 3)4 109
Merchants’.
50 3,000,000
815,40 i .1 Mr. .7
73
6)4 J ulv, ’77. 3
Merchants’ Ex. 50 1,000,000 224,000 J. & J.
Jan., ’70. 8)4
3)4
84.400 ). & J.
Metropolis*.
100
600,000
10
115
Jan., ’78. 5
Metropolitan.. 100 8,000,000 659,000 J. A J. 10
Oct , ’75. 4
4,400 A.& O.
Murray Hill*.. 100 200,000
Nassau*
May, ’78. 2)4
0
89.300 M.&N.
6)4
100 1,000,000
New Tors
692.300 J. & J. 10
100 3,000,000
7)4 Jaa ,’78. 3)4 107
N. Y. County.. 100, 200,000
Jan., ’78. 4
4
8
87.700 T.& J.
Feb., ’78. 4
8
78.500 F.&A.
3)4
£xch. lOOi 800,000
82
Jan., ’77. 3
6
3
20.100 J.& J.
100
750,000
No. America*.. 70
7
0
July, ’77. 3
29.200 J.& J.
100,000
North River*.
July, ’74. 8*
240,0001
75,900 J. & J.
50
Jan., ’78. 5
Oriental*
11
25
800,000 162.600 f. & J. 12
12
12
Pacific *
May, ’78. 2)4
50
422,700 210.900 Q-F.
23
.;au , ’78. 3
10
0
I.&J.
2,000,000 510,000
100,
10
lan., ’78. 4
Peoples’*
25
412,500 147.800 I. & J. 10
*■
7
6
Jan., ’78. 3
henlx
161.100 J. & J.
20 1,000,000
July, ’74. 3)4
Produce*
nl».
100! 200,000
83
F.&A.
Republic
6& Feb., ’78. 3
100 1,500,000
297.500
8t. Nicholas... 100
8
F.&A.
6)4 Aug. ’77. 2)4 70
1,000,000 135.300
0
Jan., ’77. 3
seventh Ward
3
57.400 1. & J.
100, 800,000
10
Second
Jan., ’78. 5
100
67.400 I.& J. 12
300,000
Shoe* Leather 100 1,000,000 241.100 J. & J. 11
10
Jan., ’78. 5 110
Sixth
8
7
Jan., ’78. 3
100
50.700 J. & J
200,000
State of N. Y. .* 100
7
May,;’78. 3)4
800,000 170.100 Vf.&.N.
Third
3
8
J.
&
J.
Jan., ’78. 3
100 1,000,000
nil.
9
Jan., ’78. 4
Tradesmen’s ' 40 1,000,000 336.500 J. & J. 10
:40
Union
9
8
May, ’78. 5
50 1,>00,000
664,806 \1.&N.
"W eat Side*
8
8
Jan., ’78. 4
100
77.400 F. & J.
200,000
America*
'
Par.
Adriatic
AEtna
143
99
....
....
100
....
....
....
....
...
•
•
•
•
•
•
.
•
•
•
..
.
a
.
•
•
• «
•
•
•
....
*•••
•
...
•
.
.
....
,
....
....
#
.
_
•• •
•
..
•
••
....
.
YL
.
.
.
•
•
•
.
•
.
•
•
•••
a a
a
110
89)4
a a
• 99
.
.
..
a a
•
•
a a a
a
a a •
....
.
a
a
a
... a
a
a
a
a
•
•
a
a
a
a a •
•
••a
.
.
.
.
•a.
....
•
•
.
•
....
a
a
• •
•
•
95
no
80
a
...
115
,
....
aa.
....
*
aa a
....
.
..
.
90
...a
a
a a a
....
94
122
....
a
a.
•
65)4
72
•
...
•
•
a
115
.
aaa
•
....
.
.
a a
a
a a a
....
....
...
•
a...
...
banks, and of
dtte May 1st for the National
6
Gas Companies.
a
ioo
’77. 4
’77. 5
’78. 5
’77.10
’77. 5
190
40
205
Feb., ’78.10 i95
Jan.. ’78.10 175
Jan., ’78.10 170
17)4 Feb.. ’78. 5 115
118
Jan.. ’78. 6
18
5
July, ’77. 5
'50
5
Jan., ’77. 5
25
Jan., *78.10
i*52
12 50 Jan., ’78.665
20
Apl., ’78.10 190
iso
•
•
•
60
i36
160
m
107
Jan
14
’78. 5
96,572 14
200,000
3
Jan., ”?7. 3
200,000 —19,724 10
il7J4
15
15
Feb.,
’78. 5
30
111,728
Exchange
200,000
130
15
Jan., ’78. 734
50
200,000 154.588
Farragut
12
Jan., ’78 5 103 110
17
97,688
Firemen’s
204,000
45
55
10
July, ’77. 5
Firemen’s Fund 10
150,000 —13,406 10
12
Jan., *78. e 105 112
80,783 12
Firemen’s Tr.. 10
150,000
45
60
100
4,978
Franklin
200,000
Aug.*. 70. 5 * il5
100
Gebhard
200,000 -28,235 io”
10
Jat>., ’78. 6
German-Amer. 100
1,000,000 686,951 10
160
30
50
Jan., *78.15 150
Germania
500,000 653,039 10
125
108
20
18
Jan,. ’78. 5
50
Globe
200,000 116,152
40
25
Jao.f ’78. 7* 240 270
200.000 301,674 55
Greenwich
50
5
Jan.. ’77. 5
100
200,000 No fig’s,
Guaranty
”70
Jan.. *78. 3* 00
10
10
100
Guardian
200,000
25,019 10
20
20
Jan., ’78.10 135
15
Hamilton
150,000 129,148 20
i32
Jan., ’78. 5 125
10
10
50
Hanover
500,000 553,398 10
100
10
10
Jan., ’78. 5
50
Hoffman
200,000
98,478 10
109
ioe
10
Jan., *78. 5
10
100
Home.
8,000,000 1,016,703 10
80
10
10
Jan., ’78. 5
25
lfO.OOO
20,481 10
Hope.
112K
12
12
Jan., ’78 5
50
Howard
500,000 134,066 12
108
12
12
Jan., ’78. 5
200,000 104,159 12
Importers’* T.. 50
90
10
13
Jan., *78. 5
100
39,470 13
200,000
Irving
10
10
Mar., *78 5
30
Jefferson
200,000
+96,818 10
175
Jan.. ’78.10
20
20
150,000 195.000 20
Kings Co.(Bkn) 20
95
10
Jan., *7e. 6
10
Knickerbocker 40
tf,«40 20
280,000
150
140
20
20 - Jan., ’78 8
150,000 151,093 20
Lafayette(Bkn) 50
108
10
10
Jaa., ’78. 5 103
100
Lamar.. I
200,000 126,919 10
95
90
10
10
Jan., ’78. 5
25
Lenox
57,935 10
150,000
150
20
20
16
Jan.,
’78.
8
50
Longl8l.(Bkn.)
200,000 +134,946
90
10
10
Jan., *78. 5
25
Lorillard
80,494 10
300,000
11
12
Jan., *78. 8 i25 140
Manuf.* Butld. 100
200,000 192,806 10
10J
110
'
20
14
Jan., ’78. 5
Manhattan
100
250,000 208,004 14
30
30
Jan., ’78.10 160 175
Mech.&Trad’rs’ 25
200,000 268,204 30
20
20
Jan
’78.10 150
Mech’ics’(Bkn) 50
150,000 177,028 10
60
90
10
10
Jan., ’78. 5
49,942 10
Mercantile..
50
200,000
20
20
155
Jan., ’78. 8
50
Merchants’
200,000 191,016 20
115
18
20
20
Jan., *78. 7
Montauk (Bkn) 50
200,000 114,916
20
25
Jan., ’78.10
Nassau (Bklyn) 50
200,000 211,737 20
103
16
14
109
12
103.519
Jan.,
’78. 5
National
37l4 200,000
20
20
Jan
’78.10 175 195
210,000 323,996 20
N.Y. Equitable 35
130
20
17
150
Feb.. ’78. 7
200,000 178,795 20
New York Fire 100
26,013 ....
200,000
N. Y. & Boston 100
io*
io*
10
July] ’77. 5 *
200,000 -8.314
New York City 100
10
12
Jan., ’78. 6 110
50
Niagara
500,000 448,880 10
110
12
11
120
12
Apr., ’78. 5
124,141
350,000
North River.... 25
30
20
Jan., ’78-20 200 240
25
200,000 424,883 30
Pacific
20
20
Jan., ’78. 6 105
100
200,000 102,561 20
Park
20
20
180
Jan., ’7810
20
150,000 206,026 20
Peter Cooper..
20
18
20
Jan., ’78. 6
50
150,000 108,888
People’s
20
20
140
Jan., ’78 10
1,000,000 789,612 15
Phenix (Bklyn» 50
70
JmD., ’77. 3* 60
3,256 5
200,000
Produce Exch. 100
80
85
Jan., ’78. 5
50
55,755 10
200,000
Relief
10
10
10
65
65
+8,324
100
July, ’77. 5
300,900
Republic
10
10
40
100
July, ’78. 5
Resolute
200,000 -18,150
13
i2*
11
100
’78.
5
60,747
Jan.,
;
100
200,000
Ridgewood
20
25
25
Jan., ’78.10 150
200,000 203,785 20
Rutgers’
10
12*4
15)4
’78.
8
100
116,943
Jan.,
200,000
Safeguard
0
10
10
Feb., ’18 4
St.Nicholas.... 25
200,000
14,484 10
128
Standard
50
200,000 160 044 11*6 11-55 12 35 July, ’77.0-23 120
100
112
’18.
7)4
17)4 Jan.,
Star
100
200,000 128,752 12)4 15
95
10
10
Feb., ’78. 5
!00
52,184 10
200,000
Sterling
120
Jan
’78.
7
20
10
20
,
25
200,000 146,366
Stuyvesant
20
25
Jan., ’78. 5 120
168,584 20
Tradesmen’s.... 25
150,000
'
10
16
Jan., ’18. 6 125
25
United States..
250,000 228,643 16
10
10
Jan., ’78. 5 105 114
10
800,000 221,003 10
Westchester...
196
20
’78.10
20
)200
Jan.,
50
250,000 408,142 20
Wllliamsb’g C
*
Over all llabiiliies, including re-lnsurance. capital and scrip.
+ The surplus
represented by scrip Is deducted. — shows deficiencies.
,
• •••
,
.
'
,
is
.
18*
....
....
City Railroad Stocks and Bonds.
Quotations by George H. Prentiss, Broker, 30 Broad Street.-!
Gas and
fGas
100
135
100
65
,...u...«
102
|ff|
•
Jan.,
Jan.,
Jan.,
Dec.,
Feb.t
125
95
•• •
•
....
*.
Jan.. ’78. 7
Jan., ’78. 5
~65
...
11*
... ,
t
July, ’77. 5
Jnn., *78. 5
10
15
15
10
4
5
10
20
5
20
20
20
18,&56
22,314
+211,702
Bid. Ask
100
Emporium
a
Last Paid.
1875. 1876.1877
200,000
1,000,000 +899,436 9*80
800,000 496,731 80
40
Eagle
Empire City.... 100
...
•ms
...
....
•••
.
•••
•
.
.
....
••
•
.
.
20
50
25
•
Bowery
Brewers’ *M.. 100
25
Broadway
17
Brooklyn
20
Citizens’
70
City
100
Clinton
30
Columbia
Commerce Fire 100
Commercial ... 50
Continental.... 100
....
.
200,000
200,000
400,000
200,000
200,000
200,000
200,000
300,000
200,000
200,000
153,000
300,000
PsiCB.
DIVIDEKD3.
10
14
15
72,177 10
—9,613 8
No fig’s. 10
109,572 10
392.121 30
No fig’s. 5
800/42 20
204,883 30
+320,870 20
210,000 179,468 20
250,000 138,119 20
800,000 -47,877 ’.0
2,008 10
200,000
164,803 20
25
Arctic.........
Atlantic
....
....
,,,,
Amount
100
American
50
American Exch 100
100
Amity
....
....
§ The fig ares 1» this column are of
date March 16th for the rtate anks.
Jan. 1,
1878.*
Companies.
date8.§
Net
Surplus,
4-3
33
Amount. Period.
Par.
Date.
*
ft?
*
a aa
•
-
•
Bid. Atk
•
a
a
•
•
...
e •
- 4
....
25
20
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn)
do
„
1,C00
aertiticates
Harlem
Jersey City * Hoboken
Manhattan.....
Metropolitan
ao
do
certificates
lord*
..
bonds
do
scrip.....
New York
do
do
do
bonds
do
certificates.
Central of New York
Williamsburg
do
scrip
Metropolitan, Brooklyn
...
5,000,000
1,000
1,000,000
1,000,000
.
1,000
Var.
50
50
Var.
100
100
Quar.
F.& A.
Var
700,000 M.ssN.
.
People’s (Brooklyn)
Municipal
100
25
Va
100
10
Nassau. Brooklyn
Var.
A.&O
F.&A.
J.& J.
J. & J.
vi.& S
M.& S.
J.
& J.
500 000
1,000
Mutual, N. Y
do
50
20
50
100
V -.
5
8
Var.
2.000,000
1,200,000
320,000
1,850 000
88^,000
4,000.000
2,500,000
1,000.000
4,000,000 M.&N.
1,000,000 J. & J.
825,000 F. * A.
300,000 J. & J.
460,000 F.& A.
’78 140
’78 75
3)4 Apr., ’78 95
3
Feb., ’78 90
5
Jan., ’78 160
5
Feb , ’78 115
5
Feb., ’78 125
3)4 Feb., ’78 100
100
a*
Apr., ’78 75
3)4g Feb., ’78 95
3
Jan., ’78 70
3)4 May, ’78 95
4
May, ’78 100
3H Jan , ’76 25
Apr
JaD.,
,
a
aa
a
x
.
a
90
3)4
3)4 Jar., ’78 75
3)4 Feb., ’76 75
2
Jan., ’78 100
3)4 Jan., ’78 97
2)4 Nov., "i7 65
1,000,000 Quar,
1,000,000 J. & J.
1,000,000 M. &N.
94
1,500,000
145
80
100
95
170
’99
130
102
103
80
102
80
100
103
35
84
85
105
100
70
97
100
1,000
Breadway d Seventh Ate—stk..
100
7
J’Iy,1900
2)4 Apr.,’73
vi*“J-
2,100,000
1,000 1,500,000 j. & i). 7
3)4
10 2,000,000 Q—F.
Brooklyn City—stock
7
1st mortgage
1,000
300,000 M.&N. 3
100
Q~F
Broadway (Brooklyn)—stock...
200,000 A.
3
& (J.
100
Brooklyn dk Hunter'% Pt—stock.
400,000
1st mortgage bonds
1,000
800,000 J. & J. 7
100
Bushwick Av. (B’klyn)—stock..
500,000
3
100 1,800,000 J. A J.
Ventral Pk„ y.dk.E. River—stk.
Consolidated mortgage bonus. 1,000 1,200,000 J.&D. 7
2
100 1,200,000 Q-F.
Dry Dock, E. B. dk Battery—stk.
7
1st mortgage, cons’d
500&C
900,000 J.&D
100 1,000,000 J.& J. 6
Eighth Avenue—stock.....
1st mortgage
1,000
203,000 J. & J. 7
100
lid St. dk Grand St terry—stock
748,000 M.&N. .5
1st mortgage
1,000
288,000 A.&O. 7
100
Central Cross 'town- stock.
M.&N. 7
1st mortgage
,
1,000
100
Houston, west st.dPavJ^y—stk
250,000
1st mortgage
500
500,000 J. & J. 7
2
100 1,199,500 Q.-F.
Second Avenue—stock
*
sd mortgage
150,000 A.&O. 7
1,000
1st mortgage
-
a
#
aa•aa•
•
Cons. Convertible
1,000 1,060,000
£00&c.
Extension
200,000
Sixth Avenue- stock....
J00
760,000
1st mortgage................... 1,000
415,000
100 2,000,000
Third Are iue—stock
1st mortgage
1,000
Itrenty-tMraStreet—stock...
t»t
*
.,
100
1,000
This column snows last dividend
on
aaaaaaa'
at.
M.&N.
A.&O.
M.&N.
JV&J.
Q-F.
J?& J.
aa
.
7
7
5
7
10
7
4
7
Nov., ’80
Apr., ’78
Oct.. ’70
1888
.
...
•
June. ’84
May, ’73
•
*
•
~
*
a’
Jan.. ’73
1902
May, ’78
June, *93
Jan., ’78
Jan., *84
May, ’78
12
90
95
70
75
100 • 102
175 180
104
no
135
150
76
85
100
102
65
75
50
60
95
97
85
88
100
102
.
*■•
100
120
Apr.,’93 105
40
Nov.1904 91
13
^
r
^
r
^
^
9
* T
July, *94 83
Apr., ’18 60
Apr , ’85 95
May, ’88 90
Oct., ’83
85
May. ’77 70
July, *90 105
May, ’78 120
July, ’90 100
iio
125
115
50
96
24
85
00
100
92)4
91)4
100
115
130
102
100
105
Feb.,’781 95
Mav, ’93 100
stocks, bnt the date of maturity of bonds.
J & J.
MAN.
.
.
City Securities.
I Quotations
by Daniel A. Moran. Broker, 40 Wall
Rate.
-
Ntw York:
Water stock
1841-63.
1854-57.
do
Croton water stock..1845-51.
do
do
..1852-60.
Croton Aqned’ct stock. 1865.
do
pipes and mains...
reservoir bonds.....
Central Pai k bonds. .1853-57.
do
ao
..1853-65,
lo
1870.
do
D75.
Floating debt stock—1860.
Market stock
1865-68.
Impi yvement stock.... 1869
do
co
....1869,
Consolidated bonds
var.
Street Imp. stock
var.
do
do
...i'...var.
New Consolidated
Westchester Connty
Months
Bonds
Payable.
do
........••
P<trk bonds
Water loan bonds.
..
....
.......
Bridge bonds.......
Water loan.
...
......
City bonus..'*
Kings Co. bonds..
do
do
Park bonds
....
.?
......
..
............
do
do
do
do
do
do
do
do
do
do
'
do
do
do
*
January a July.
do
.
Kjo
[Quotations by C. Zabriekik. 47 Montgomery
Watei loan,
do
long.,
.........
Sewerage bonds..... .1866-69.
Assessment bonds...1870-71.
Improvement bonds
Bergen bonds........1868-69.
1
May * November.
Aa
Bridge
•AU Brooklyn bonds flat.
Jersey City—
due.
Feb., May Aug.&Nov. 1878-1880
5
do
do
1878-1879
6
1890
do
do ‘
5
1883-1890
do
do
6
1884-1911
do
do
6
1884-1900
7May & November.
0
Feb.,May Aug.&Nov. 1907-1911
1878-1898
do
do
5
1877-1895
do
do
6
1901
7
May & November.
1898
0
1878
0
Feb.,May, Aug.ft Nov.
1894-1897
7
May & November.
i
1889
do
do
6
1879-1890
do
do
7
1901
do
6 g.
do
1888
do
0
do
do •
do
.>v. 1879-1882
•7
1806
6 g.
January & Jnly.
1894
do
do
7
[Quotations by N. T. Bser*. Jr.. Broker. 2)4
Brooklyn—Local Impr’em’tJ innary ft July,
City bonds..... ..,*
*
Strent.1
PnrcE.
INTEKKST.
Dock bonds
'*
900,000
J. & J.
694,000
.
.
96)4
[Quotations by H. L. Grant. Broker, 145 Broadway.]
Bleecker st.dk Fultonterry—etk.
1st mortgage
T
101
102
103
105
103
110
108
108
100
100
102
103
104
112
106
101
100
110
100
100
117
104
102
108
107
117
108
101
118
105
113
109
102H
102
K8
106
105
105
100
107
Wall st.l
78-1880* 101
104
113
119
1915-1924:117)4
1903
117)4 119
1915
117)4 119
109
1902-1905 108
107
1881-1895 104
108
1880-1883 105
1880-1885,102 106
110
1924
103
1907-1910 107)4 109)4
187;
St., Jersey City.]
; 1895
January * July.
1899 1902
January * Juty.
1877-1879
do•,, ■
do
1891
Jan.,May,Jnly * Nov.
lt'05
J.A J.and J &D.
1900
January and July.
,
Bid. Ask
101
1
102
109
108
106
107
108
10S
109
105
1QB-
101
1
tm
Mat 18,
THE CHRONICLE.
1878. j
493
Income bonds issued to individuals
“
“
railroad companies
imrjestwjetits
Tota’ stock and fnnded debt
Bonds and mortgages on real estate
Due railroad companies in current account
Accounts *nd bills payable current
AND
'
Suspended debt due individuals, payable in income bonds
Balance due contributing companies, payable in income bonds.. .
Bills payable, given on account of purchase of Buffalo C. As P. BR.
subscribers. One number of the Supplement, however, is bound
$28,475,242
Cumberland Talley.
Review (Annual), and can be purchased
{For the fiscal
The
ANNUAL REPORTS.
year ended September 30, 1877.)
and expenses of the main line were as follows:—
revenue
GROSS EARNINGS.
OPERATING EXPENSES.
From freight
$921,075 For conducting tr&nsport&t’n. $70,181
Motive power
165,287
55,137
Passengers
Mail
Express
Allegheny Talley Railroad Company.
{For the year ending Dee. 31, 1877.)
The annual report just issued furnishes the statistics given
below. The President, Mr. John Scott, comments only very
briefly on the financial condition of the company.
The earnings of the company for the year 1877 compare with
Passengers
Express
Mail....
Bents
Miscellaneous sources....
609,518
506,216
22,103
18,195
19,999
5,030
29,508
cent of the
808
EARNINGS.
1,217
7,405
Decrease in earnings from passengers
Increase in earnings from freight
Increase in earnings from express
$92,697
•
Increase.
1877.
1876.
$335,713
151.618
295,202
118,404
451,915
470,680
Total operating expenses. $1,269,999
$1,217,950
General expenses
66 892
$52,048
10,216
Total expenses
..
$1,817,108
$1,234,843
$62,265
expense
The tonnage
as
amounting in the aggregate to about $5,000.
Sligo Branch
and ton mileage of freight for 1877 compares with
Tonnage.
Ton-mileage.
61,578,861
44,402,658
683 017
1,747,515
633,340
75,681
.
2.4&6 ?>38
Total for 1877
Total for 1876
.
.
Inciease... ...r
Increase per cent
.
Sligo Branch
Total
Total net earnings were
Earnings.
$1,829,823
635,960
26,291
Expenses.
$1,002,288
881,135
13,684
2,287,274
lC6,609,0-6
102,551,536
169,962
4,057,500
7 40-130
8 95-100
$2,492,079
$1,347,108
on
Net
Per cent.
54 73-00
52 06- 00
52 05-i00
Ern’gg.
$627,540
3J4,8H
.
|
Passengers carried in 1876-77, Nest
$1,144,971
following:
$1,578,447
Bal., being deficit for 1877, carr’d to debit of profit and loss ae’et..
$433,476
PROFIT AND LOBS ACCOUNT.
Balance to debit, Dec. 31,1876 !
.....
Operating expenses prior to May 1,1874. not heretofore charged un..
Balance of income accnuht for year ending Dec. 81, 1877, b ing de¬
ficit in net earnings of amt required to pay int. on income bonds.
Total debit balance of profit and .oss account Dec.
-•
'
4
.
Claims in suit.
Balances likely
Buffalo
$1,936,569
- *
.......
-
$24,110,625
.
$177,658
,
193,624
147,908
8,896
21,703—
Assets not Available.
f
433,476
81, 1877.
Value of shop and road material
.
Cash on hand and in transit....
Balances due from railroad companies
“
station agents, &c........
Balances due from individuals and Aims...
•:
1,211
as
....
Available Atsels.
,
$1,501,881
Dr.
Total cost cf road and equipment
.
81, 1877,
.....
BALANCE SHEET, DEC.
..
.
to be charged to construct*n or expenses..
Corry ftpittsbnrgBB,. 48miles, cost.
554,985
$402,832
24.587
427,613
Mdse. cost ...
80,000
8t kin Pittsb. Titulv. A Buffalo Ry Co.,
20,409 shares, cost 841,000
Ineome bonds Pittsburg Titusville & Buffalo
By Co....... 146,528— 1.873,0*1
Balance to debit of profit and loss account
1,936,569
-
.V.
r:1.
$2,166,500
mortgage bonds, Biver Division
—-
”...
••
"r- i“
1-oWQtaa.Division....
-
$28,475,242
Cr.
Omttai stock, 48,880 shares
Funded debt—
„
177,986
Total
849.181
Passengers carried in 1875-76
877.897
28,268'
Notwithstanding more excursion tickets were sold to the Cen¬
tennial Exhibition after October 1st than during the preceding
months, there is this large decrease in the number of passengersfalling off in the general travel can only be
by the continued depression in all kinds of
carried.
This
accounted for
business.
MARTIN 8BURG A POTOMAC RAILROAD.
Gross
$11,160
10,651
earnings
Operating expenses
Net eprnings
The cost of operating
$503
this road
was
95 4-10
per cent
of receipts.
DILLSBURG A MECHANIC3BURG RAILROAD.
Gross earnings
Operating expenses
Net
54 05-100
bonds and floating debt.
shown in balance sheet.
main line of road 6,368 tons of iron ore were
$19,834
10,092
12.606
$1,144,971
From which deduct the
Interest
.
on
shipped, being an increase over the past year of 1,880 tons.
Passengers carried in 1876-77, east
171,195
INCOME ACCOUNT.
Biver Division....
Low Grade Division...
from
Decrease
follows:
1877.
Biver Division
Low Grade Division
$17,428
revenue
From stations
TONNAGE AND MILEAGE.
1876,
$17,428
$298,101
280,677
earnings in 1875-76
earningB in 18J6-77
The
$6,250
11,158
freights is slightly in excess of the previous
year.
Since 1873 there has been a steady decline in the retains
i8>15 from [this source, owing to a greatly-reduced ore tonnage, and
the further fact that the through rates upon the products of the
Valley have been reduced about 20 per cent.
The genera] expenses, in which are included all taxes, show an
increase of $10,216, which is accounted for by an increase of State
taxes amounting to $15,222, due to the tax on gross receipts
which took effect in 1877, there being a decrease in other items of
general
...
Decrease.
$....
28,054
85,314
77;108
aid taxes...
10,718
Total decrease in net earnings
Net
Net
7,908
$16,989
Decrease in net earnings from transportation
Decrease in earnings from rents and other miscellaneous sources
Decrease*
$7,495
$24,898
$7,859
44—
Net decrease in earnings from transportation
Net decrease in expenses
business cf the company^ for
$313,208
..
$49,224
46 8-1000 per
receipts. A comparison with the business of the
*io previous year shows the following resnlts:—
$186,850
103,299
expenses.
Motive power
Maintenance of cars
“
way
26,551—281,452
The actual cost of working the main line was
3 58 100 per cent.
.
$280,677
$28,424
178,477
Interest onbonded debt
freight earnings show a decrease of $188,850, or 9 34-100
per cent, while the passenger earnings show an increase of
$103,299. The total tamings show a decrease of $92,697, or
For—
14,628
$289,174
Taxes, State and national
Dividends paid
The
The expenses of conducting the
the same period wtre as follows:
93,591
76,689
$519,851
Decrease.
*
$2,584,777
Total
.
Balance
Increase.
1878.
$2,005,825
Freight
Maintenance of cars
Maintenance of way
General expenses
Net earnings
EARNINGS.
1877.
From—
6,688
8,209
18,649
Miscellaneous
follows:
Conducting transportation..
168,888
1,666,495
451,214
451,376
1,863
111,895
Guaranteed coupons purchased and held P. HR. Co
Interest on bonds accrued, due Jan. 1 and April 1,1878
The Investors* Supplement Is published on the last Saturday
of each month, and furnished to all regular subscribers of the
Chronicle. No single copies of the Supplement are sold at the
office, as only a sufficient number is printed to supply regular
those of 1876 as
$25,566,900
136,443
6,660
.
*
STATE, CITY AND CORPORATION FINANCES#
up with The Financial
in that shape.
2,351,40#
3,869,000— 6,220,400
-
$4,000,001
loOOOWO
8,100,000-17,500,000
earnings
$9,282
The net earnings are applied
indebtedness of this company.
On the 15th day of May, 1877,
toward payment of the floating
the railroad, rolling stock and
corporate franchises of the South Mountain Iron Company were
sold at
public sale iu the city of Philadelphia, by virtue of a
County,
and purchased by this company for the sum of ten thousand
dollars.. A new company was organized, under the Act of
Assembly o' 1868, under the name and style of the South Moun¬
tain Railway & Mining Company. The landed estate owned by the
South Mountain Iron Company was sold at the same time, under
the same proceedings, and was purchased by J. C. Fuller, Esq.,
of Philadelphia.
Mr. Fuller organized a new company for manu¬
facturing and mining purposes, which has commenced working
the ore-banke and improving the fufhace, with a view to a full
development of the resources of the property. As about ten
miles of the railroad are dependent almost entirely upon the iron
estate for business, it has been deemed best for all parties that
both the landed estate and railroad should again be consolidated
under one management.
decree of the Court of Common Pleas of Cumberland
GENERAL BALANCE, SEPTEMBER 80, 1877.
Dr
Cr.
Cost of RR. and equipment. $1,887,4*5 First preferred stock
Material on hand
94,776 Second preferred stock......
Trustees of Conting’t Fund*
544,835 Common stock.
Accounts
40,615 Kirst mortg. bonds..........
Cash, Sept. 80, 18i7 ........
181 935 Second mort bonds
Common bonds.
$2,749,629 Due for dividends
* A re-valuation of the assets
in the Due for interest
hands of the Trustees of the Contin¬ Balance
*
....
...
—
gent Fund, ordered by the Board of
Directors of this company, has caused
reduction in the amount of this ac¬
count.
a
$241 i960
248,000
1,292,950
161,000
loo, roo
81,800
45,886
18,621
560,470
$aS53s3
THE CHRONICLE.
494
St. Paul Railroad Company.
{For the year ending December 31,1877.)
In his annual report to the holders of land bonds and the
ntoekholders the President says:
The whole amount of acres sold to date in the entire grant is
144.192 acres, at an average price of $6 28 per acre. It will be
observed that ihe average price received per acre is much below
that of former yeais. This arises from several causes. The
general appraisals have been reduced, and to induce bondholders
to convert bocds into lands, special reductions were made in the
latter part of last year, under which a large amount of lands
were taken.
Sales of land have been made by the trustees for
.tosh at about 50 per cent of appraised value, to raise money to
pay taxes. The chief reduction, however, was caused by a sale
of over 10 000 acres, for money to pay taxes, at the nominal price
of $1 50 per acre, subject to the right to redeem the sale in two
yeare. The trustees will undoubtedly redeem the sale and restore
the land lor sale at current appraised price, thus raising the
average value.
The total receipts from sales of town lots yield the handsome
fam of $53 180.
Future sales of town lots will be slow, for m
new towns the greater number of sales of lots are made during
the first years of their growth.
[V6L.
XXVI;if
Prior to Daring
-Sioux City &
"
1817.
^
Interest
on
Principal
town lots
,
43,070
3,841
4,043
~ 1,769
Interest on town lots
Total.
$
11,023
4n,9l2
5,812
$
8,205
7,817
land contracts
on
1677.
$
•
including interest
TtotoUl receipts from sales of lands and lots,
received, are
Of which there was paid in bonds
i
$918,923
830,265
$'8,657
Receipts in cash and commissions on sales.
The disappearance of grasshoppers from
the country has given
impulse to land sales, and large quantities have been taken
lately for cultivation and imprjvement, which will add to the
vahae of the remaining lands.
a bow
CONTEST WITH THE M‘GREGOR COMPANY.
The suit commenced by the McGregor Railway Company, en¬
joining the Governor of Iowa from conveying lands to this
company, has been decided in favor of our company, and an appeal
has been taken from the decision. The State of Iowa, since the
decision, has conveyed to this company 135,258 acres of land,
principally lyirg in Osceola County.
This conveyance completes
the full quantity earned by the construction of fifty miles of road
About seven and one quarter miles more of road
to that State.
have been constructed, on which no lands have been deeded by
Rm State, on the claim that lands can only be deeded when a sec¬
tion of full ten miles is completed. For road already built the
company should
labile I feel
a further deed for 46,400 acres.
warranted in speaking encouragingly of the
fotnre, I will not venture to set a time when we can resume the
receive
181,462 918,923
160,675 814,712
13 0C0
14,4*7
737,461
.684,037
1,447
-
Received in bonds
Less bond sales canceled
830^265
•
Received in cash
Received in commissions
682,590
44,360
T',5 9
147.675
33,787
737,461
181,462 918,923
78,147
10.509
EARNINGS, EXPENSES AND OTHER 8TATI3TIC8 FOB 1875, 1876 AND 1877.
1875.
1876.
1877.
Road ope’ated
148 miles.
148 miles.
148 miles.
Capital stock
Bonded debt.....
Floating debt..
Road and
equipment, cost
Rolling stock, cash value
Gross Earnings—
Freight
Passengers
$2,fc00,000
2,674,600
$2,800,100
$2,800,000
2,679,600
2,667.740
21,014
5,418,314
87,637
5,433,531
885,050
78,888
5,454,15S
355,402
$218,748
65,233
$248,301
76,220
$237,368
355,402
9,218
.9,481
5,763
18,449
6,^00
17,S89
71,414
8,496
6,000
17.636
$317,463
$3 7,892
$340,917
$76,953
44,825
62,425
$78,439
47,172
hS.Kll
37,398
31.051
$77,963
44,354
53,598
20,514
20 862
21,018
Total operating expenses
$241,717
Operating expenses to earnings....76 1-10 p. c.
Net earnings
$75,746
$211,737
67 5-10 p. c.
Mail
.
Expenses..;
Miscellaneous
;
Total gross earnings
Operating Expenses—
Road repairs
Shop repairs
Transportation
....
Fuel
Miscellaneous
$1.6,155
.
30,538
$527,469
66 7 10p.
c.
$113,448
Mobile & Montgomery.
(For the year ending December 31, 1877).
This company, which was re-organized after foreclosure in
1874. and most of the old bonds converted into stock, has recently
declared a dividend of 34 per cent. The local business on its line
is reported to be improving.
The comparative earnings and expenses in the past two years
*
were as
follows
:
1817.
'
2i2.8i3
Passengers
Mail, express, etc
5i‘,641
r
Total
$666,037
Expenses
441,476
1876.
$410,?87
228,111
51,693
$402,552
Freight
$690,192
442,207
payment of interest on the bonds of the Company. If the
iwolts of the crop of 1878 shall be favorable, we expect a sur¬ Net earnim
$224,560
$247,984
igs52*71
5831
plus of money at the close of the year applicable to interest on Per cent or expenses
toe first mortgage, but not equal to full interest.
The tonnage mileage for the year was as follows:
I hope at an
1877.
1876.
tolly day to have a conference wi.h the bond and stockholders
7,924 015
8.515,042
mat accessible, to consider and recommend a future policy in Moved north.
13,099,381
12,958,078
idaiion to indebtedness and operation of the road. Among the Moved south
matters to be discussed will be the propriety of reorganizing and
Total
21,023,396 ‘
21,473,120
mdjusting the securities and stock, making them to conform to
The construction acconnt was closed December 31,1876,leaving
•toe ability of the road to pay interest. It is desirable that the a balance of construction indebtedness
amounting to $69,800.
Amt mortgage bonds should be reduced in number so that the The
income account for 1877 was as follows:
tomisgs of the road may be certainly equal to the interest, thus Net earnings
$224,561
giving them a real and market value at or near par. The excess or Less balance of const; notion indebtedness
69 800
seduced amount may be put in the shape of a preferred stock,
Balance
$154,761
thus securing the first mortgage holder aR that the road will pay,
Cou onsand interest
$20,316
until his claim is satisfied, leaving the second mortgage and Taxes
24,425
totomon stock to be placed in a second preferred and common Expenses bondholders’ committee
16,118
1,144
lack, retaining to each class its present position of priority. I Materials purchased bat not used
62,005
Or
think it would be desirable to reduce the common stock about
01 per cent. With such a modification of our securities and
Stock, we might expect the first mortgage to be a superior bond,
Ini the other clr sses of stock to have a prospective real value.
Whether this plan will be acceptable to a majority, I cannot ven-
and doubtless a fuller consideration of the subject
a better plan, or make improvement on the one
indicated. Any plan agreed upon will require the early
aud unanimous consent of all classes of holders, and on failure
to obtain it, force a reorganization by foreclosure.
Balance, January 1, 1878.......’
$92,156
GENERAL INVESTMENT
NEWS.
t© say,
ij
develop
Burlington & Missouri River Railroad in Nebraska.—
Of this railroad, which has seldom furnished much information
of its affairs to the public, the Boston Advertiser gives the
following: tf The Burlington & Missouri River Railroad in
Nebraska has for some time past been a favorite investment at
-Acres.
the Stock Exchange, and the continuous advance of tbe stock has
Bended to the company by the State of Minnesota....
581,145
been a great surprise to all who were not acquainted with the
Whole amount patented to the State of Iowa for the
substantial reasons for its appreciation. Along in October last it
cmapany....
407,167
Of which the State has deed to the comp my, prior to
was dnil and heavy, selling at about $37 a share; by the 1st of
fm
184,148
1877
135,258 320,002 November it had advanced to $43 ; December 1 it was quoted at
$434; by the 1st of January it had advanced to $51; Februarv 1
Total amount deeded.
551,148 it was $55 ; March 1 it was $734; April 1 it was $814, and May
Tel to be deeded
..vv.
87,164 87,164 1 It reached $91£. Since that time it has sold up to $96f, an
Total of land grant.
638,313 advance of nearly $60 a share.~ The line of the road extends
from Plattsiriouth, Neb., to Kearney Junction,. & distance ox
LAND SALKS.
Prior to Durirg
190*14 miles, and the road has a perpetual lease of tbe Omaha &
1877.
1877.
To'al.
Southwestern,
extending from Omaha to Omaha Junction, 18:65
of acres sold
108,228
40,664 148,893
emlescanceled during 1877...
The total
4,100 miles, and from Crete, Neb., to Beatrice, 30*85 miles.
length
of
the
main
line
and
branches
is
239
04
miles.
The com¬
Total acres sold
144,192
pany has a valuable land grant of about two and a half million
sales.
.$787,993 $200,061 $938,074 acres. The following table, giving earnings and land sales fo
canceled
32,8^3 the first foft? months of 1877 and 1378 .is
Authentic, aB& will d
$905,271 scanned with interest, as shewing substantial reasons for th
rice per acre
$4 91
$6 28 large Advance which has already taken place in the stock:
$6 81
STATEMENT OF LAND GRANT.
...
..
«»»*
.........
......
....
...
.
.
.
.
-
..
TX3KIPTS
(INCLUDING TOWN-LOT SALKS).
Prior to
1877,
on land sales
Jtoic^nl
Itol
principal
on
canceled sales
EARNINGS.
During > Y
1877.
Total
683?977
869*623
18?,645
1,447
18.0( 0
14,417
683^30 172^645 85v"t&
January.
February.........
••
1878
12,820
.......
82,968
ft!
149,752
••••••••••••••••oeOe'•••
75.1CO
.1*1.497
$294,293
$432,829
....'
..
March .....*..*.*.*«*.......a.........
April •*•'•••#••
1877.
$63,405
Increase.
m
66,784
58,397
Max 18. 1878. |
earnings. It would be out of the question to fix any sam afcalt
proportionate
to the present mortgage debt upon which tkm
$145,110
$123,690
January
199.365
185,855 prompt payment of interest in furore could be guaranteed widl
February....
800,7.2 any degree of certainty. ~ Meanwhile, if the present bonds
300,74*
March
326.000
19,487
306,51> converted into stock, it will be possible to pay out tQ the
April '......
$915,500 thereof, in the form of dividends, any net earnings which
$55,417
$911,*17
available for that purpose. Though regular interest cannot ha
There appears to be no reason to doubt that a cash dividend
guaranteed, it is not at all unlikely that small cash dividends
will be made this fall, the finances of the road apparently justi¬
may from time to time be paid, thus giving the owners of di
fying such action.
property Borne prospect of a return from it. It is not appenaft
circular has just been issued by order of the board of direcr now this can be done In
any other way than that now suggested?”
tors to the holders of the first mortgage bonds of this company,
The funded debt in detail will be found in the “.InykstomT
d^e July 1, 1879, inviting their attention to & proposition for Supplement” to be issaed next week, May 25. The circular
sagged
exchanging their bonds for other bonds to be issued under a 6 the several issues: “ The mortgage debt of about $477,OQO upas
ppy cent consolidation mortgage.
Until Aug. 1, 18.8, a premium the outlet of the road to Chicago from New Buffalo to St. Jinwph
pi 20 per cent in bonds will be added to the amount of 1,894 is not only a lien upon the
property between these points, had ia
hoods exchanged, thus giving to the holders thereof $1,200 in also a first
mortgage
upon the road from St. Joseph to Maskcgwa.
consolidated 6 per cent bonds for every $1,000 exchanged. The For these
reasons, its annual interest, amounting to $38,l<Mvafin
other details of the proposition are too long to be summarized been
reluctantly paid, both while this road was in the hiaadsaf
here, but holders, will undoubtedly be notified by circular or the company and also under order of the Court
by the receivecT
through advertisement.”
The other mortgage securities vary somewhat as to their Unas
upon the property, but these liens are so irretrievably grind
r ?Central of New Jersey,—According to the circular issued by
Receiver Lathrop, of the Central Railroad of New Jersey, that no appreciable differ nee exists a* to their value. Leaving
Wednesday was the last day for stockholders to join in the re-organ¬ the above mentioned mortgage of $477,000 as it now is, it la
ization scheme.
The total amount of assents of bondholders and proposed to all the other mortgage bondholders to exeha^a
others was as follows: Bonds, $15,278,000; stock, 137.900 shares; their bonds, dollar for dollar, for one class of common stock, a&
Lehigh & Wilkesbarre bonds, $4 400,000, and American Dock & par in a new company to be organized as soon as possible. > Ehdk
Improvement Company, $2,071 000. Applications haying been holder of a $1,000 bond, witn ail over due coupons attached,
received from residents ia the West Indies and a financial insti¬ would receive therefor $1,000 in the stock of the new comjftay
tution holding 12,000 shares of the common stock lor a few days at par.
Cincinnati Southern.—The new Cincinnati Southern Railway
delay, a third extension of time has been given to stockholders to
bill was passed by the Ohio Legislature prior to adjournment*
agree to the reconstruction scheme.
Receiver Lathrop said that the scheme would be perfected as The bill provides for submitting to the people
of Cincinnati (fan
rapidly as possible. There were capitalists ready to take the question of the issue of $2,000,000 bonds by the city, on a aw
place of those stockholders who had not surrendered their bonds. basis, for the purpose of completing the road.
Receipts were being issued for the new mortgage and income
—Proposals for completing and leasing the Cincinnati Southern
bonds, which wou!dr be ready for delivery in about a mouth. Railway are called for till July 18 by the Board of Trustees.
Over $600 000 in cash had been received.
Delaware & Hudson Canal.—At the late annual meeting, Mr.
Cheshire.—The stock olders have voted to authorize the issue Dickson, the President, said: The present price of coal ns com¬
of $586,000 new 6 per cent bonds, having 20 years to run, the pared with the lowest price of last year is more than
$1 peg Man
proceeds of which are to be used exclusively to meet the payment higher. 'The estimated production of the company for I83SL
under the present arrangement with other
of a like amoan of bonds maturing in 1830.
companies, ia nbept
2,200,000
tons.
Others estimate it higher, and many as highas
Chicago City Scrip.—In the test case to try the validity of the
Scrip;bsued in 1877, the opinion given by Judge Williams of the 2,500,000 tons. For the three months ending April 1, the ask
Circuit Court in favor of the scrip was substantially as follows : earnings of the railroads, independent of the coal business, show
an increase of about
f95,000 over last jear. The profits oa coal,
The bill filed hi this cause sets up the issue, upon the part of the city of
of
rants
signed
Chicago,
wa>
by the Comptroller, drawn upou the Treasurer of if the present prices are continued, together With the profits cm
the city, and payable out of the taxes of the year 1878. The bill alleges that
the railroad business and the income from investments, will
pay
the city of Chi< ago, prior to the is?ue of these warrants, had incurred the all fixed
charges and about $500,000 profit on the stock.; Itis
maximum tf inde tedne.-s vrhich it could incur under tue Constitution, which
provides ti at no municipal corporation shall be allowed 10 becom indebted expected, however, that the price of coal will be further advened
in any manner, or for any purpose, to an amount, including existing indebt- 50 cents a ton during the year, and if the advanced price is mvih>
edness, exceeding in the aggregate 5 per cent on the valui of the taxable
tained, it will produce to the stockholders from $l,000,OWtw
property thereof; and th*t these warrants are tn indehtediess within the
meaning of the clause. To this bill a demurrer has been fil“d. and ihj ques¬ $1,2011,000 net, or say from 5 to 6 per cent on the capital stock;
ora much
tion is thus raised: Are these warrants of indebtedness within the mea-ting
larger sum, if the condition of the market will pearit
of the present State Constitution? The opinions of the Supreme Court of
the company to produce 2,500,000 tons of coal.
Illinois, in ;ecent!y-dec d-d cases, is that current taxes may be appropriated,
The company has increased its interest-bearing debt about
in anticipation of heir actual receipt, to the payment of proper and ordinary
current expenses, as effectually as if they were at the time of such appropria¬
$280,000 since the former combination was dissolved in 187&. At
tion in the city treasury, and such appropriation is not in the natnre oi a debt,
present prices it is making over 30 cents a ton on coal, after
provided the tax is, at the time of such appropriation, actually levied, and
paying
fixed charges. The new road,* through the Hussar
that <he warrant delivered to the payee for such current expenses imposes
upon the municipal corporation no indebtedness by reason of iis execution and Tunnel, will give it direct communication with Boston. Tfo
'delivery. A municipal corporation may do any act fairly within the scope Erie Railway Company is laying a third rail west from Blogkassof its grim ted powers, and the power of the city of Chicago to draw warrants
ton which will give it through connection.
The entire out-puft of
is clearly reco^niz^d in its charter; th s being the case, it necessarily implies
coal of all the companies for this year is estimated at* frees
the pow' r to dr .w them in anticip tion of current revenue.
In the Ciee of these warrants, the city had levied the tax and made provis¬
17,000,000 to 20,000,000 tons.
ions for its collection, and in the issue of the warrants it assumed no indebt¬
The
following manager * and officers wer.i unanimously
edness, as they are simply orders by the Mayor and Comptroller upon the
LAND SALES.
182&
:1817.
-W
...
.
•
•
Increase.
••••
...........
...................
“
•
-
,
.
city Treasurer to pay out f a certain revenue fund, thereafter to come into his
hands, certain sums for labor or material furnished for the city towards its
current expenses.
The warrants, consequently, come np fully to the decisions
of the Supreme Court; their validity is affirmed, the demurrer to
complain¬
ants' bill will be sustained and the injunction prayed for by the bil. will be
denied.
An appeal from the decision was taken, and the matter was
heard in the Appellate Court, where the decision was affirmed.
The validity of scrip subsequently issued is yet in question, and
.
is before the Supreme Court on
appeal from the Circuit Judges.
It is thought the.decision on the issue of 1877
presages a like
favorable decision on the latter issue.
>
—A public meeting of taxpayers in Chicago was held May
10,
for the purpose of discussing the city
scrip and
for
plans
floating
4t during the year at a fair cash value. The
appropriation for
1838 was stated by the Mayor to be $3,777,000, and it was
pro¬
posed to iesue scrip for 85 per cent of the appropriation, the
re-slecttd:
'Managers—Abdiel A. Low, Robert Lenox Kennedy, Jamas ML
Halstead, Legrand B. Cannon, James R. Tayior, Thomas Dick¬
son, John Jacob Astor, Tnomas Cornell, J. Pierpont Morgan,
George Cabot Ward, Robert S. Hone, James Roosevelt, LeviF.
Morton.
Erie
Railway.—In the London
newspapers is published a
of Erie, signed by Martas ft
Christopherson, which has the following: “ For the year emBrng
30th September, 1877, the gross traffic was $15,030,854. For (Aw
first five months of the current year the increase in gross tcaflte
is about $850,000; and, seeing that the takings of last saauaer
were generally low, especially
during the time of the coal strikes,
it is probable that the remaining seven months of the ctrrwtf
financial year will produce a further increase of $85tkMh
making the gross revenue of the year ending 30th September
next about $16,700,000.
The working expenses of last year were $10,899,83$; sad.
seeing that wages have since been reduced 10 per cent, aaitknfc
all American railways are working at lower figures, we tkhsk
that the increased traffic of the present year may be oamad
without any increase of working expenses. We will, hoeew,
estimate them at $11,000,000, making the net revenue far (bn
rose-colored view of the prospects
expense of running the government having been reduced 15 per
cent. About $2,500,000 of scrip would
probably have to be floated.
As the courts have lately decided the issue of the
Bcrip to be legal,
the purpose of the meeting was
to establish public confidence in
it, so as to secure the floating of the entire issue. As the
scrip can
M applied to the payment or taxes for the
year 1878, it was urged
*ar8e tax-payers would find it to their benefit to purchase.
A committee pf nine was
appointed to inquire into and report at current financial year $5,700,000.
an
adjourned meeting, all facts, relating to the cash value of the
Were the company called upon to pay all itB bonded iefwrcst
y certificates, and ip inquire and report what anionnt of the cerin full, this net revenue would more than suffice to infest ill
Cr^es will be taken, and at what rates, by bankers and leading liabilities, thus:
business
houses.
:-vr , *
Rentals and ►undry charges
$ks»UM
f ft *
L,
“
“
S?'- /
.*
t
,•* *.
-
\
•
Michigan Lake Shore.—A
circular to bondholders,
dated May 10, states tiiiii the
experience of the past year confirms
IP? opinion of the directors, that the only practicable inode of
teerganiziog the company is to turn its mortgage securities into
stock of equal
amount, the stock of the old company being
,
a
^ed kjr forelcopure sale. "-“While
have some hopes
any mortgage debt
we
ipPlhe f ature, past experience forbids placing
nlK« the property bkW upon mew
eptculatiop for
infreaaed
Currency bonds
ft
(3.) First mortgage, $16,656,000, at 7
per cent
(4.) Second mortgage, $24,400,000, at 6 per cent
(6 ) Funded coupons first mortgage, $3,474,860, at 7 per cent
(6.) Funded second mortgage, $8,306,660, at 5 per cent
“But, in accordance with the provisions of the reconsti
on the first mortgage is to be funded tip
he 1st March, 1880; and all the interest on the second motfgagn
cheme, half the interest
&
1
* *
*
THE
496
OHRONJeilE.
JVoi* XXVI,
Therefore, for the next following statement to the United States Circuit Court ot the
the road for the month of April:
in the above statement must be reduced by receipts and disbursements of
xxos pra.
$22,010
one-half, and item 4 comes out altogether, the large surplus Cash on hand April 1
i,
273,791
thereby placed at the disposal of the directors, together with the From station agents
4,821
assessment on the ordinary and preference shares, being used in From conductors
33,339
Individual railroad companies. &c
re-steeling and re-gauging the line.
23,511
Post Office Department.
750
Till now, the Erie line has lost some of the advantages of its Express companies
magnificent geographical position by being of a different gauge
Total
.$358,224
from other American lines.
The drawback in the transportation
DISBURSEMBNTS.
of freight is enormous. When this is remedied, as it will be at Vouchers prior to November, 1876
« $8,828
202,097
once, and the line thus brought into physical connection with its Vouchers subsequent to November 17, 1876
rolls subsequent to November 17, 1876
109,591
neighbors, a development of traffic may be looked for similar to Pay
Cash on band May 1, 18*8.
•*
•• '.
•-* • •
37j/06
that enjoyed by the Great Western of England when that line
is to be funded till
two years, item 3
1st December, 1879.
r
"
• • • • •**
was
narrow-guaged.
Total
“Finally, holders of Erie bonds may congratulate themselves
that, in virtue of the voting power now given to the bondholders
as well as to the shareholders, the line will be practically under
English management, and that their interests are now no longer
of speculators in America/*
Louisville.—The Mayors* annual report shows a bonded debt,
January 1, of $8,182,000, the reduction during the year having
been $76,000.
The floating debt was $1,038,655, but assets are
named amounting to $612,182. and $119,504 is named as due to
special funds, leaving $306,969, which is termed by the Mayor,
the "actual floating debt/* The assessed value of property has
declined from $78,295,114 in 1874 to $68,522,947 in 1877, and the
estimated sum for 1878 is only $63,000,000. Meanwhile the
bonded debt is smaller than it was in 1874, and the average rate
The reduction
of taxation has been reduced from 2 2911° 2 25.
in bonded and floating debt in five years has been $431,522; a
very good record for Louisville.
Marietta & Cincinnati.—At a meeting of bondholders in
Baltimore, a report was presented by & committee recommending
that proceedings be begun to foreclose the prior mortgages, the
receiver having been appointed in proceedings begun under the
fourth mortgage. The report was adopted, and a new committee
appointed to carry out its recommendations and make arrange¬
ments to begin the foreclosure suits.
Missouri County Bonds.—The Public says: “Franklin county
has funded a portion of its bonded indebtedness at 75 cents on
the dollar, not accounting for unpaid interest. It is expected that
$80,000 of the debt will be adjusted on these terms. The new
bonds bear 6 per cent interest.
The total debt of the county is
$339,626, not including unpaid interest due on the Budd & Decker
bonds, amounting to about $200,000. The county agent thinks
that all of the Budd & Decker bonds could be compromised at 75
cents on the dollar, provided the county would agree to pay 8 per
•
.
(including interest receive! on
April 1, 1973
Expenses (including interest on car-trust cars
hela extension) for same period ...'
Gross earnings
equipment), January 1
to
$358,824
and rent of Mononga-
$793,637
456,452
$337,134
The Interest on the bonds for
167,447
these three months is
$169,737
Surplus
Port Royal.—This railroad will be sold at Port Royal, S. C.,
June 6, under a decree of foreclosure.
Railroad Freight Rates from the West.—Freight rates from
Chicago Eastward have been very unsettled the past week or two,
and reports of cutting uuder have been frequent.
A dispatch of
Chicago says that the representatives of the roads
leading East held a meeting that day, and agreed upon a new
freight tariff as follows :
Fourth Class. ' Grain. Flour.
16th
from
From Chicago to
From Chicago to
From Chicago to
From Chicago to
New York
Philade phia
Baltimore
Boston.......
20
78
17
25
25
.....23
1
)....
22
30
40
36
34
50
Grass, clover and flax seed were placed in fourth class ; whis¬
key, alcohol and highwines also in fourth class. Beef, pork,
hams, shoulders, lard, tallow, lard-oil, st arine, grease, fertilizers,
green
were
hides, oil-cake, m<, mill-feed, hay and
made the
canned meats
same as gram.
Rochester & state Line.—This road has just been
and runs between Rochester and Salamanca, a
miles. It connects the New York Central with
Great Western Railroad, and it is stated that the
into the control of Wm. H. Vanderbilt.
completed,
distance of 108
the Atlantic A
road has passed
Susquehanna Canal and Reading Scrip.—It has been agreed
between the Reading railroad company and the
of public works to arrange for paying to
the annuity of $60,000, past due and to accrue,
Maryland board
Boone county is to re submit to the vo‘ers
the Slate of Maryland
a proposition to refund its $300,000 debt, now bearing 8 per cent
by the issue of
interest, into other bonds bearing 6 per cent, and the authorities scrip; certificates aggregating $300,000 to be placed in escrow
of'Columbia propose to submit to the voters thereof a similar . until the Legislature meets again and remedies defects in the bill
proposition regarding the funding of $25,000 of the city debt. - authorizing interest-bearing scrip payments, which bill was passed
As we have before remarked, Boone county ought to be able to j at the late session, but failed to obtain approval on account of
borrow at a low rate of interest.
She is solvent, and her prom-' technical omissions.
ises to pay mean what they recite, and do not require for their
Wabash.—Another suit, that of Samuel Barton vs. the Wabash
fulfilment the intervention of the courts/*
Railway Company, was begun in the New York Supreme Court,
Mobile & Ohio.—Money Advanced for Coupons.—In the and a temporary injunction restraining defendants from paying
suit of Morris Ketcbum et. al. vs. Mobile & Ohio Railroad Com¬ any interest except on the old consolidated mortgages, ana
pany, in the United States Supreme Court, this case was heard especially against paying on what are called the Seney mort¬
"The county court of
*
• •
.
is an approximate
of this year :
cent interest.
'
«•
Pittsburg Cincinnati & St. Louis Railway.—The following
statement of this company for the first quarter
.
at the mercy
•••*«••••••■•
appeal from the United States Circuit Court for the
bn
Southern
District of Alabama.
This litigation grows out of a mortgage executed by the Com¬
pany in 1863 to the appellants, as trustees, to secure
an ifsue of bonds involving, first, the marshaling of the liens and
the ascertainment of the priorities of claims under the incum¬
the holders of
the enforcement of the trusts of the mortgage
equitable application of the security on behalf of those
who may be adjudged entitled to its benefits. Default having
been made in the payment of interest, Duncan, Sherman A Co.
advanced the money for that purpose, and took the coupons
falling due in 1874 for funds advanced, and now insist that their
claims should be paid out of the mortgage security the same as
The appellants insist that these claims are not
the bondholders
entitled to deprive the mortgage bondholders of any portion of
brance, and, second,
and the
their security.
The decision below held that the interest coupons
taken by
Duncan, Sherman & Co. for advances were entitled to an equality
with the mortgage bondholders, and this question is presented
here, and it is insisted that the principal ot subrogation claimed
cannot be sustained, allowing a party advancing the money to
bondholder
pay the coupons without the knowledge of .the
to
hold them with the right of the bondholder. The party doing
this had sustained no previous relation with the security or with
parties interested therein, and no right of subrogation, as
law, can be sustained in equity on behalf of a stranger
or any one, except a party secondarily liable as a surety or a
subsequent incumbrance.
—In the suit of Ketcbum et. al. 7)8. Duncan et. al., a similar case,
the U. S. Supreme Court now holds that the deed of trust or mort¬
gage of the Mobile & Ohio Railroad Company, executed in 1863,
secures not only the bonds therein described, but the interest
coupons which fell due in May and November, 1874, and are now
held by Duncan, Ac., the court being of the opinion that, when
they furnished the money which the former owners of thecoupons received for them, they did not intend to pay them in
such a sense as to relieve the railroad company from its obliga-;
tions, and that, certainly, there was no intention to extinguish the
coupons. Affirmed.
Mr. Justice Strong delivered the opinion.:
Dissenting Justices, Clifford, Swayne, Miller and Harlan.
the
matter of
:
Ohio#
Mississippi.—John King, Jr., receiver, makes the
together with an order to
gages, was granted by Judge Donohue,
show caus* why a receiver bhould not be
appointed.
suit in Illinois has been removed to tbe U. S.
and the case is set down for June 3, the injunction
against payment of interest being continued till then.
The “Wabash Railway Company’* have issued a circular in New
York, signed only by the company, as above, in which they re¬
affirm their circular of March laBt, and state that they will meet
the allegations in the suits in the courts.
/ Warren County, III.—Ray County, Mo.—The Supreme
Court of the United States has rendered judgment against Warren
county, III., for $11,000 in favor of George O. Marcy, of Chicago.
Thisjudgment was rendered on interest coupons of bonds issued
by Warren county in aid of the Rockford Rock Island and St.
Louis Railroad, and sustains the validity of $200,000 of bonds.
In the case of Ray county, Mo., which involved some intricate
questions not often presented in these Missouri county bond cases,
the United States Supreme Court decides against the county and
affirms the judgment of the lower court, holding the bonds good.
Wilmington A Weldon.—A special report of the condition of
the Wilmington & Weldon Railroad Co. is furnished to the stock¬
holders, the road having been surrendered by its late leasee, the
Wilmington CoL & Augusta Railroad Company. The report
The Tysen
Circuit Court,
shows that
the company owns in
good and available assets
$3,446,809, against a funded debt of $1,619,100, and a floating
debt of only $36,713. The capital stock of the company is 14,562
shares, which, at a par value of $100 each, gives the sum of
$1,456,200. The receipts from 1st October, 1877, to 1st April,
1878, amounted to $307,564, and the operating expenses in the
same time were $165,106The report mentions extensive repairs
that have been made, such as re-laying track with steel rails, and
refers to the fact that a further quantity will be'required at an
early day, which is & question to be decided by the stockholders.—
Baltimore Sun.
1.;]
-
in
Youngstown Ashtabula & Pittsburg*—Bondholders met
Philadelphia, May 16,and a committee was appointed with power
to foreclose cn the road, buy it in for the bondholders, and form
a new
company
of .Ohio. It is pro¬
buy the road in, and then re¬
under the laws of the State
posed to foreclose the first mortgage,
issue new stock to bondholders.
t.
Mat 18,
THE CHRONICLE.
18TO.J
Jfcje CxrmwmmX Jpnues.
COTTON.
Friday, P. M., May 17* 1878.
Crop,
as indicated by our telegrams
COMMERCIAL EPITOME.
given below. For the week ending
this evening (May 17), the total
JJ'hiday Night, May 17, 1878.
receipts have reached 20,097
bales,
against 24,352 bales last Veek, 31,196 bales the previous
q'rade is but moderate, and no revival is expected until the
week, and 38,856 bales three weeks since, making the total
beginning of the autumn season. The weather early in the past receipts since the 1st of September, 1877, 4,158,152
bales, against
week was very severe throughout the Northern and WesternStates. 3,873,227 bales for “the same period of 1876-7,
showing
an increase
There were sharp frosts, and snow and hail fell at many points. since Sept. 1, 1877, of 284,935 biles. The details of the receipts
for this week (as per telegraph) and for the
It does not appear, however, that any serious damage was done,
corresponding weeks
of five previous years are as follows:
although gardens and fruit trees did not wholly escape injury.
1878.
this w’k at
1877.
1876.
1875.
1874. ‘
The temperature is now milder. There has been an important Receipts
New
Orleans
4,833
advance in cotton, and some decline in breadstuff's and provisions,
7,188
6,655
5,439
9,009
Mobile
547
1,555
647
1,420
1,992
with increased activity, of late, in the speculation in these
Charleston
934
1,658
1,986
1,868
2,447
staples. European politics, though still closely watched, do Port Royal, Ac
192
53
397
16
not at present have much effect upon values.
Savannah
2,093
1,123
1,276
2,332
1,296
There has been a further decline in pork and lard in.the past Galveston
602
1,626
2,456
1,654
1,993
15
2
Ac
Indianola,
93
67
176
week, with bacon and lard showing dulness and depression.
Tennessee, Ac..
5,085
2,306
2,488
3,759
3,321
The decline in pork and lard has been more decided in contracts
Florida
17
1
21
6
18
for delivery in the summer months than on the spot. To-day, North Carolina
644
622
433
289
284
mess pork jobbed at $9 15 on the spot, with sellers at $9 10 for Norfolk
2,604
2,076
2,637
2,187
2,909
521
88
133
June and July and $9 25 fof August, with buyers for the same City Point, Ac
124
217
months respectively. Lard sold at $6 92$@6 95 for spot* May
Total this week
20,097
16,288
19,995
18,372
23,678
*nd June, and $7 05 for August, but there were sellers for all
Total sinceSept. 1. 4,158,152 3,873,227 3,987,774 3,379,335
3,651,358
the year at $6 95. Stocks here have been reduced 9,100 tcs.
The exports for the week ending this evening reach a total of
since May 1. Bacon has ruled quiet and cut meats have favored
57,586 bales, of which 46,394 were to Great Britain, 4,700 to
buyers. Beef and beef hams are rather dearer, with a fair France, and 6,492 to rest of the Continent, while the stocks as
inquiry. Butter has ruled more steady, but cheese has declined made up this evening are now 332,592 bales. Below are the
to 9@10|c. for good to choice factories.
Tallow is lower at stocks and exports for the week, and also for the corresponding
week of last season:
7 l-16@7ic. for prime to cl oice. Stearine is nominal at about
EXPORTED TO—
STOCK.
Week
Total
Same
7£@7|c. for prim*. The following will show the extent of sum¬
this
Week
ending
Great
Conti¬
mer hog packing in the West from March 1 to last postal advices:
Week.
1877.
May 17. Britain. France. nent.
1878.
1877.
The Movement of the
from the South to-night, is
...
1878.
1877.
1876.
43,000
500,000
41,860
36,000
290,000
N. Orl’ns
22.100
Charl’t’n
54,COO
80,825
76,875
72,526
48,000
435,000
40,029
£0,100
7,500
55,000
52,000
28,654
5.534
7,500
8,933
41,869
Des Moines.,
•
•
•
•
838,989
712,716
Mobile..
20,852
....
....
Savan’h.
3,816
Galv’t’n-
3,351
7,836
9,500
N. York.
6,824
Other*..
8,119
7,963
2,293
971,760
Tot. this
40,000
60,000
Norfolk-
3,300
1,400
5,232
....
....
....
360
....
....
350
....
....
....
550
....
29,384
1,400
....
4,176
3,351
8,469
7,963
2,843
22,125 100,786 163,767
14,526 34,530
4,565
4,515 14,484
6,321
5,365
1,191 13,415 31,178
9,476 160,637 195,410
4,881
6,436
1,994 28,000 36,000
....
.
....
....
Kentucky tobacco has been held higher, and the business for
week..
46,394
4,700
6,492
57,586
39,351 332,592 487,170
the week is consequently rather restricted.
Sales 600 hhds., of Tot.since
which 500 were for export and 100 for home consumption. Lugs
Sept. 1. 2003,634 478,024 656,049 3137,707 2764,413
are quoted at 2£@4Jc., and le/rf 5£@14;.
Seed leaf has been more
The exports this week under the head ot
*otner ports’* include, from Balti¬
active, the sales for the week reaching the exceptionally large more, 751 bales to Liverpool and 5 0 bale3 to Continent; from Boston, 661 bales
to Liverpool; from Philadelphia, 773 tales to Liverpool; from W1
mlngion, 100
aggregate of 2,209 cases, as follows : 563 cases, 1877 crop, New bal^s to Liverpool.
England (Housatonic), private terms; 500 do., 1876 crop, New
In addition to above exports, our telegrams
to-night also give
England, 10 to 25c.; 50 do., 1875 crop, New England, 25c; 629 us the following amounts of cotton on shipboard,
not cleared, at
do., 1877 crop, Pennsylvania, private terms ; 353 do., 1876 crop, the
ports named. We add also similar figures for New York,
Pennsylvania, 7 to 16c.; and 114 do., 1876 crop, Ohio, private which are prepared
for our
terms and 7c.
Spanish tobacco in moderate request, with sales Lambert, 60 Beaver street: special use by Messrs. Carey, Yale &
of 550 bales Havana at 80c.@$l 10.
On Shipboard, not cleared—for
There has been an improved business in both Brazil and mild
May 17, at—
Leaving
Liver¬
grades of coffee ; all quotations are firmly held, and the tone
Other
Coast¬
Stock.
France.
Total.
much improved ; fair to prime cargoes of Rio quoted at 164@18c.,
pool.
Foreign wise.
.gold. Stock here in first hands on the 15th instant, 47,007 bags. New Orleans
700
15,500 10 ,250
4.500
30,950
69,750
Domestic rice is particularly firm at the moment, with fair sales.
Mobile
None.
None.
5,700
1,450
7,150
7,376
Molasses sells only in a small way, and prices are disposed to
None.
None.
None.
800
800
5,521
show weakness. Refined sugars have latterly been more active Savannah
Galveston
3,580 None.
None.
72
9,763
3,652
and firm; standard crushed, 9£c.
Raw grades also have been New York
None.
11,233 None.
318
11,551 149,136
more active and are
quoted somewhat firmer; fair to good refining,
7 5-16@74c.
Total
36,013 10,250
4,818
3,022
54,103 241,546
Hhds.
Boxes.
Bags.
Melado.
From the foregoing statement it will be seen that, compared
29,053
12,941
33,114
271 with the
corresponding week of last season, there is an increase
**
CD —J00
677
103,381
902
Sales since MaV
in the exports this week of 18,235 bales, while the stocks to-night
1878
100
10,741
579
Stock May 15, IS
13,521
125,754
594
are 154,578 bales less than they were at this time a year
ago. The
140 571
7,093
524
-Stock May 18, 1876.
following
is
our
usual
table
showing
of
cotton at
the
movement
87,982
36,043
222,548
5,298 all the
ports from Sept. 1 to May 10, the latest mail dates:
There has been a very fair business in ocean freight
room,
RECEIPTS SINCE
both of berth and charter description. ‘ Rates in some in¬
EXPORTED SINCE SEPT. 1 TO—
SEPT. 1.
Ports.
Stock.
Great
Other
stances have shown a slight, irregularity and unsteadiness,
•but* in? the main the tone has been quite
1876.
1877.
Britain. France. Foreign Total.
satisfactory.
To-day, business was quite moderate and rates still somewhat N.Orlns 1344,696 1153,419 733,108 306,578 288,726
1328,412 129,320
irregular. Grain to Bristol, by steam, 8fi.; do. by eail, 7^d.; Mobile.
404,313 353,769 100,208 24,746 31,566 156,520 16,551
^grain to Cork for orders, 5s. 10Jd. per qr.; do. to London, 5s. 6d.; Char’n*
452,038 463,141 129,458 70,355 103,584 303,397
4,533
>eta to Oporto, in shippers' bags, 17c., gold ; refined
petroleum to
-“the Baltic, 4s. 7|d.@4s. 9d.; do. to Bremen, 3s. 6d., June 16th clear- Sav’li.. 575,989 464,597 172.431 36,351 138,388 347,170 11,150
Galv.*
434,382 496,341 177,164 26,971 11,291 215,426 17,155
:l=ance.
/ V/
-' ‘C;r ’
N.
York
133,369 119,252 286,018
5,468 35,395 326,881 164,737
,;:i There has been an improved business in spirits
turpentine and
Florida
14,177
20,353
prices have shown more firmness, owing to the reduced offerings
N. Car.
on the
756
138,838 123.845
1,780 19,890
*
-
...
1
.
••»«'•••
.
■
■
*
,
-
spot at the close holders were firm at 30c. Rosins also
have Fold better, especially for export, by reason of lower
prices;
-common to good strained sold at the close on the basis of
$1 42£
47|... Petroleum has been moderately active, but business
Jr*8 been checked to a great extent by the limited offerings, and
Advanced viewB of refiners.; Crude, in bulk,
7£c.; refined, in bbls.,
bid.rf; Steel rails continue very firm at $46@$47 here, with
$ sales of
3,000 tons on private terms. Both American and Scotch
remain quiet, and nominally without new feature.
t;2ll??t,C0PPer oontinued dull, and Lake was quoted lower at 164c.
Whiskey closed at f 1 06*, tax paid.
^
.
;
-
;
.
m
34,907
Norf’k*
Other..
487,896
152,357
529,758
132,464
••••
1,075
2,929
17,788
56,577
150,725
195,013
14,300
28,500
1957,2401473,3241649,557 3080,12l|386,952
This yr. 4138,055
Lastyr.
146,721
177,225
3856,939
1923,569*419,757381,736*2725,062516,039
•
Unoer the head of Charleston Is Included Port Koyal, &c.: under the head of
Galveston, Is included Indlanola, &c.; under the head of Norfolk Is iccluded City
•Point, Ac.-
' ■
■
■ '
These mail returns do not correspond precisely with the total
of the telegraphic figures, because in preparing them it is alwaysk
necessary to
#
incorporate
every
correction made at the ports.
j
•
-
]
1
-
j
.009.2
.
0
0
6
4
.
0
0
3
.
1
00007873..511.621.80 420. 10
THE CHRONICLE.
m
a’es
the spot
has been rather more active
the past week, as home spinners have bought more freely ; yet,
business has been quite moderate.
Prices, however, have shown
a hardening tendency, and on Wednesday the .bulk of the stock
was held for more money, but no decided advance was quoted, as
buyers refused to meet the views of holders. There isT a rapid
concentration of stocks at this point, and we now hold nearly
one-half the cotton in the American ports, and New Orleans most
of the remainder.
Yesterday, there was an advance of ^c., to He.
for middling uplands, with more doing for export.
To-day, the
market was quiet, but low grades were advanced l-l(j@£c.
For
future delivery, the market opened stronger, but there was no
decided improvement until Tuesday, when frost accounts were
received from the northern belt of the cotton-growing region.
The weather throughout the country had been unseasonably cold
the previous three days ; in some of the Northern States there
were heavy frosts, and at points snow and hail had fallen ; conse¬
quently, the private reports of frost which were received from
Memphis and Nashville obtained ready credence. They did not,
however, appear to be fully confirmed, and Wednesday, therefore,
opened weak; but the bull party came forward as buyers, and the
bears were frightened into a liberal covering of contracts, causing
a further advance for the day.
Thursday, there was an improve¬
ment of 5@7 points for this crop, and 2@3 points for the next
prop, with an active and somewhat excited market; but the close
was flat, and the next crop irregular.
To-day, the opening was
buoyant, but most of the early advance was soon lost under the
intelligence of the burning of mills at Blackburn by the strikers.
The total sales for forward delivery for the week are 264,500
bales, including — free on board. For immediate delivery the
total sales foot up this week 6,573 bales, including 2,440 for
export, 3,601 for consumption, 532 for speculation.
Of the
above, 200 bales were to arrive. The following tables show the
official quotations and sales for each day of the past week:
The market for cotton
on
For August
rtf.
F*le*
<~t».
1,000 *•••«»•# ..11*18
r ale*.
Cta.
<100
,.,..10-91
0087.3 310.*
0 2841 .56824730
Ordinary
ALABAMA. N. ORLE’NS
UPLANDS.
Mon
Sat.
71516 715i6
Buie Buis
715i6
8H16
715i6
$ Jb.
Strict Ordinary...
8UlG
Good Ordinary. .. 9%
Strict Good Ord... 9%
Low Middling:
10%
Strict Low Mid.... lOTxe
10%
Middling
Good Middling.... 11%
Strict Good Mid... IHje
Mon Sat.
Sat.
9%
9%
9%
9%
10%
9%
8J16
81*1x6
9%-9%
9%
Sat.
Mon.
Ii%6
9%
She
81x6
8i316 81aX6
9%
9%
9%
10%
9%
9%
1078
107S
11%
10%
10%
107x6
10%' 10%
10%
107x6 107i6 10916 109i6 109x6 109x6
10%
11%
10%
11%
10%
11%
1078
10%
11%
11%
11%
11916 11910 H916 11910
121x6 12%6 !21i6 12*16
111516 1113x6 1115x6
127x6 127x6 127x6 127,„ 12916 129x6 129x6 129x6
Middling Fair
Fair
11716
U716
uJJ.
Toes Wed Toeg Wed Toes Wed Taes Wed
71516'
Ordinary
$ lb.
Strict Ordinary..
71516j 71516
Good Ordinary.... 918
Strict Good Ord... 95s
Low Middling
1018
Strict Low Mid.... lQ7ie
10%
Middling
Good Middling.. . Ills
Strict Good Mid...
81116
811i«
8nl6
95s
1018
95a
1018
Tjj£
813x6
8i».
S16
9%
9%
10%
10%
11%
10%
1118
10%
1118
!11%
81
9%
9%
10%
8!i6
81%6
9%
9%
10%
107i6 109x6 109x6 109.6 10916
107ie l°7i6
|10%
81l6
9%
9%
10%
918
918
95s
1018
918
715x6
8Hi6
1078
10%
11%
11%
10*8
11%
119x6 119i6 11916 119x6
121x6 121x6 !2116 12%6
1271(, 127lfi 1271R 127,6 12®x« 129,6 129.6 129x6
M&Je n^e lllife
Middling Fair
Fair..
Til.
Ordinary
$ lb.
Strict Ordinary...
Good Ordinary....
Fri.
Th.
Fri.
Tit.
Fri.
8%
8%
9
9
8%e
9*16
8%
9%
9!l6
8%
9%
Th.
j Fri.
1J?8
-
9%
9%
9%
9%
9%
9%
10
10
10
Strict Good Ord... 978
10%
978
Low Middling
10%
107x6 10% 109x6
107x6 10%
Strict Low Mid.... 1011x6 1011x6 IOH16 lOiixe 1013x6 1013x6
H
11
11
11
11%
11%
Middling
Good Middling.... 11%
11%
11%
11%
11%
11%
8trict Good Mid.
111116 1111X6 1111X6 1111X6 1113x6 111316
.
Middling Fair
123x6 123i6
1211x6 1211x6
Fair
123j6 123x6 12&16
12lix6
1211x6 1213x6
9%
9%
10%
10
10%
109i6
1013x6 1013x6
11%
11%
11%
11%
1113x6
ni3x6
125*6 125i66
lll%6 1213x6 121*1*
STAINED.
Sat.
Good Ordinary
8triet Good Ordinary
Low Middling
f) lb. 715x6
8“ie
;
mite
Middling
Mon Tues Wed
gs
715i6
71516
8^16
3“10
93;e
913x6
Th.
Fri.
Oiie
9%
10%
93i6
913x6
SALES OF SPOT AND TRAN8IT.
Sat.. Nom’l,
Mon.. Quiet
higher quot
Ex-
Tran¬
port.'sump uPt’n
100
Tues.. Steady
Wed.. Bus. limited
Thurs Irregular, higher. 2,290
50
Fri.
Steady, rev. quot.
.
Total.
| Con- Spec105
633
967
242
929
725
2,4403,601
Total.
sit.
105
805
*72
217
143
100
7,000
800
For forward delivery, the sales (including
iree on board)
have reached during the week 234,500 bales (all middling or on
the basis of middling), and the following is a statement of the
sales^and prices: Bale*.
_
For
Bales.
100
May.
Cta.
30-66
10-80
10-87
10-88
400.
1089
100 a n.15th 1091
200.
.....10-91
190 e.n.Utn j0 »2
100 p.u.l7 hlO 92
10-92
600
100
400
700
..
1,900
700
*
t
10-93
10 94
100 aJJ.Mlb 10 95
100...
10-95
100 s n.16 h
100 8.u.*7tb
100 a.n 48.ii
100 am.i8th
600
1,000
10-97
10 98
200..........11*00
.
1104
100
.11 05
400,
1100
100 e.n.18th 11*08
1108
100 a li.'cOth 11-09
400
11-09
300
*...40951
•No notice to-day (lltb).
200
Cta.
10-95
10*95
10 95
10-95
10*96
10*90
Pales.
Cta.
5,300-
11-00
11-01
700
C*a
1110
1111
11-!2
11-13
000...
11-14
6,700
Bales.
200
400
1115
400
1110
100. ........IT 17
13,000
For June.
100
10 95
3,200.
10-96
1,700...
10 97
4,000....
10-«9
t No notice to-day 18th.
11-22
1400.
700
11-23
1124
...11*25
For
300
11 08
1100
2,900
3,0*0
11 10
.1111
,.
800.
11-17
1118
11-19
000
500
11-20
11-21
..
....
500
700...
1112
7.100..
500
200
100
300..
..
1114 1
1115 )
11-29
li-itf;
11-18
..11*19
...11-20
11-21
.11-24 I
11-25 |
li-20
11*27
900
I
2,000
11-28
.....11-29
4,200
7,KX)
.1180
11-81
0,800
3,000
11-32
1.100..........1.83
11-34 !
1V35 •
2,000,..,
11-30
The
11-32
11-83
1,800
1102
1103
1104
...1105
..11*86
11-37
11-88
1,000
2400
11’3W
800
11-35
1,000
...10-81
10*82
14200
10*83
800
700.
1.800..........10-80
100
200.
500
..
...10-87
.;...10-88
i0-90
1011
.19-75
5,800
For Jan UWT..
...1004
...1086
100.
...10*78
....10-72
200,
200
10*73
10-75
,..
.10-76
10 77
500
10*78
..
10-79
80
10-81
.10 82
10-83
Fw
100
February.
10-88
100
For April.
100....
1086
1101
-
100
For November.
200.;
10-54
100.
10 56
10-57
10-59 i
100
...10 00
100
...10-02
..
j
.....10 85
,.
...1008
.1018
?00
100—
10,100
10-84
mo........
200..,
.11*1
100
1108
....
600
following exchanges have been made during the week:
•27 od to exch 100 Nov for Sept.
•01 j) t to exch 100 May a. n. for reg.
*13 pd to exch 100 June for Aug.
•04 p i to
•01 pd to
*02 pd o
exch 100 July for Aug.
exch 100 May s. n. for re?.
exch 100 tta* a. u. forreg.
,
The
following will show the closing prices bid for future
delivery, and the tone of the market at three o’clock P. M., on
the several dates named:
MIDDLING UPLANDS—AMERICAN CLASSIFICATION.
Fri.
Sat.
Mon.
Tues.
Firm’r. Irreg’lr. Var’ble. Firmer.
10 89
10-92
10-92
10*98
10-97
10-99
1106
1101
11-16
1109
11-08
11-11
1119
11-11
1114
1112
10-87
10-81
10-80
10-81
September...
10-70
10*64
10-64
10-63
10-60
10-54
10-53
10-53
10-61
10-55
10-54
10-54
December
10-71
10'G5
10-64
10-63
10-79
10-72
10-74
10-73
Febmary
10-88
10-83
10-81
10-83
10-92
10-92
11 01
10-94
11 00
10*95
Transfer orders 10-90
10-95
Firm. 8teady. Dull.
Firm.
Closed-
Market—
100%
100%
4-84
4-84
Exchange
The Visible Supply of
100%
4-84
Cotton,
100%
4*84
as
Thurs.
Wed.
Fri.
Buoy’t. Irreg.
H OG
1110
11-13
11-22
11-25
10-94
1118
11-28
11-30
10-95
10-75
10-65
10*66
10-75
11*32
11-32
10-86
10*85
10-75
10-67
10-67
10-76
11-35
10-96
10*75
10-66
10-66
10-75
10-85
10-94
1107
10-94
10-93
1106
11-10
Firm.
1115
Dull.
1107
11-15
100%
4-83%
100%
4-84
made
up
Quiet
100^
A’84
by cable and
telegraph, is as follows. The Continental stocks are the figures
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s .returns, and consequently
brought down to Thursday evening; hence, to make the totals
the complete figures for to-night (May 17), we add the item of
exports from the United States, including in it the exports of
Friday only:
:
1878.
Stock at Liverpool
Stock at London
Total Great Britain stock
.
Stock at Havre
892,500 1,211,500 1,058,000
137,250
215,500
230,750
7,250
4,750
6,500
1,094,750
14.250
51.750
7,500
21,250
15.750
19.750
18.250
425,250
472,000
462,000
368,250
1,317,750.1,683,500 1,520,000
1,463,000
12,500
ports
..
147.250
15.500
65.500
65,000
11,750
8,000
20,000
47,750
49,000
stocks..
106,750
8,500
83,500
15.250
42.250
44,750
10,000
4,750
12,000
at Rotterdam
at Antwerp
at other continentalpts.
India cotton afloat for Europe.
Amer’11 cotton afloat for Eur’pe
Stock In United States ports
Stock in U. S. interior ports...
United States exports to-day..
..
Total visible
988,060
90,750
at Hamburg
at Bremen
at Amsterdam
Total European
1875.
1876.
883,000 1,169,000 1,001,000
42,500
57,000
9,500
42,500
7,500
Stock at Barcelona
Stock
Stock
Stock
Stock
Stock
Stock
1877.
66,000
SIock at Marseilles.
57,000
180,000
370,000
319,000
495.000
261,000
38,000
487,170
51,225
5,000
365,000
22'000
332,592
35,617
1,000
51,000
458,325
60,954
5,000
548,000
300,000
85,000
370,307
47,032
2,000
supply .bales.2,383,959 2,895,895 2,779,279 2,815^00
totals of American and other descriptions WM*
Of the above, the
follows:
American—
*
Liverpool stock
Continental stocks
American afloat to Europe....
United States stock
United States interior stocks..
United States exports to-day..
.........
Total American
..1100
.11-08
11 10
Egypt, Brazil, &c., afloat.
Total East India, &c
Total American.
...
661,000
366,500
495,000
332,592
35,617
1,000
748,000
398,000
261,000
487,170
51,225
5,000
38,000
492,250
945,500
.1,891,709 1,950,395
1,798,279
'
421,000
9.500
42,500
58,750
74,000
370,000
180,000
22,000
.
981.000
..
e supply.......2,383,959
t Total visible
Price Mid. UpL , Liverpool—
6d.
2,895,895 2,779,279
5*3ied.
370»*W7
■47,$2
2,000
-
5,000
403,060
57*000
151,000
319,000
51,000
222,000
603,(
194,(
300,000
598,000
311,000
365,000
458,325
60,954
bales.1,891,709 1,950,395 1,798,279
Brazil, dec.
Liverpool stock.
East Indian,
100
600
500
....
100..........10-50
.
1,500
...10-87
800
400
.,.>10-70
000
900
200
For September.
100
.10-80
.10-56
800
..
800
400
50,000
2,000
11-12
1,600
1118
2.000.,..t....11 »4
1,700.
1115
;..ll 10
1.200
11*17
100
200
900
800
900
London stock.
Continental stocks
India afloat for Europe...
11 07
100
:
11 34
I
*3400
.....
3,0< 0
I
11-22
11-23 I
1,500
2,300
2,100
11-31
000.,
.
300..........10-03
200
10-04
1,500...
.10-05
10-60
500
10-07
!200 ......,..10*68
500
...10 9
11*28
..11-30
„
...
2,000.:.ilfrS
For October.
11-27
1.700
For December
fOO
10-54
11-02
19,500
10-71
4,900
11-01
•
200
11-25
11-20
V,900
rt,
,t.„
1^00.
100
10 98
10-99
11-00
800
..
1,000
1,300
1,900
1,200
.
1,900
1,300
1,300
' ..*11*22
11- 4
.
10-94
10-95
10 0
800..10*97
-
1116
11-13 I
5,800.
1118
1114
1115
1,400
2,600.
11 00
.1107
000
800
.
34300
Ju-y.
200
j.
4,500.
...11-26
1,000
1,700
1,600 u
1112
Egypt, Brazil,&c.,aflt forE’r’pe
600
6,573 264,500
385
3,319
....
Sales.
Deliv¬
eries.
2,100
1,300
1,100
1,100
775
532
FUTURES.
33,600
26.700
39.700
35.900
66.700
61.900
1,184
....
1,000
Bales.
800.,... .UlO-08
1111
11-21
Total continental
MARKET AND 8ALE8.
SPOT MARKET
CLOSED.
.
2,0-0
1400
76,300
TEXAS.
Mon
...11-20
.
500
,
Saturday, May 11,
to Friday, May 17.
ii-101
2,500.11-19
7,600
2,100
1,600
,
1,
385,000
106,750
174,250
548,000
i
May 18,
These
1818.J
CHRONICLE.
figures indicate
a
decrease in the
499
cotton in
sight to-night
New Orleans, Louisiana.—We have had
rain on two
of~ 511,936 bales as compared with the same date of 1877, a the
of
week, to a depth of fifty-five hundredths of an inch.days
The
decrease of 395,320 bales as compared with the
corresponding date thermometer has averaged 3.
;
of 1876, and a decrease of 431,380 bales as compared with 18 To.
Shreveport. Louisiana.— Crops are in excellent condition and
At the Interior Ports the movement—that is the
receipts cotton looks healthy, vigorous and strong. The weather has been
and shipments for the week, and stocks to-night, and for the most favorable.
Average thermometer 67, highest 83 and lowest
corresponding week of 1877—is set out in detail in the following 53. Wre have had a rainfall
during the week of sixty-two hun¬
statement:
dredths of an inch.
,
Week ending May 17, *78.
Receipts Shipm’ts
Augusta, Gii.—
Columbus, Ga....
Macon, Ga.......
Week ending
Stock.
Receipts Shipm’ts Stock.
'
555
227
64
469
165
1,051
6,505
2,200*
2,107
4,832
1,606
207
Memphis, Tenn..
Nashville, Teim..
2,744
5,072
198
675
16,846
1,385
32
40
65
173
795
96
Total, old ports.
4,422
10,144
35,617
1,408
Dallas, Texas....
Jefferson, Tex.
Shreveport, La
Vicksburg, Miss.
30
57
122
109
235
479
Columbus, Miss..
56
Eftfanla, Ala
GrifBn, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C...
St. Louis, Mo
Cincinnati, O
119
93
360
588
607
240
872
400
2
135
565
339
10
10
5
75
200
41
782
Total, new p’rts
Montgomery, Ala
Selma, Ala
..
. .
1
Total, all
May 18, *77.
165
•
1,331
244
.
1,742
1,258
645
20
337
18
133
204
404
184
99
407
2,612
1,865
3,607
4,320
4,485
7,622
6,290
7,789
11,404
12,211
21,548
The above totals show
that
748
384
1,977
-
7,064
417
176
255
376
2,665
2,230
5,385
30,223
302
5,133
815
3,095
8,888
51,225
185
1,609
202
950
2.013
784
1,510
20
61
7
82
.250
••
760
145
l,li95
1,196
279
290
351
1,999
2,106
2,580
16,199
9,880
20,816
4,163
8,003
35,151
56,433
5,571
16,891
the
interior
old
1
86,376
stocks
have
Vicrsturg, Vtusmivpi.—The thermometer
to 49
has ranged from 85
during the week, averaging 68. It has rained on one
day,
the rainfall reaching three hundredths of
an inch.
The crop is
developing promisingly.
Colu't.bus. Mississippi.—The rainfall
during the week has been
eighty hundredths of an inch.
Little Lock, Arkansas.—The
early part of the week was fair
and cool, with
light rain on Monday and a shower (also light) on
Thursday. Since Thursday morning the weather has been warm
and more favorable for
crops.
Wheat has improved in condition
since last week’s reports/
Thermometer, highest 79, lowest 48,
average 61.
Rainfall, twenty-two hundredths of an inch.
Nashm'ie, Tennessee.—Telegram not received.
Memphis; Ten nessee.—Rain has fallen on three days of the
week, the rainfall aggregating thirty-four hundredths of an inch.
The days have been warm, but the
nights have been ccld.
Stand good.
There is much grass, but good progress is being
made in clearing the fields.
Thermometer—highest 80, lowest
46, and average 63.
Mobile, Alabama.—There has been rain on two days this
week,
one
day light and one day showery, and the balance of the week,
excepting two days, has been cloudy. We had cool nights the
early part of the week, but no serious damage has resulted.
Average thermometer, 71; highest 86, and lowest 57. The rain¬
fall has been nineteen hundredths of
an
inch.
Montgomery. Alabama.—It has not rained
iesreased during the week 5,722 bales, and are to-night 15,608
week.
The thermometer has
Vales to than at the same period last year. The
averaged 69, the
receipts at the been 52 and 82.
towns have been
game
year.
Receipts
in
a
the
from: the
3,014 bales
more
than the
Plantations.—Referring
same
PROM
..
to our remarks
we now
bring
PLANTATIONS.
Receipts at the Ports.
ending-
1876.
Kir. 2.
“
86,215 68,615
9.
“
18
“
23.
“80
Afrrll 5.
M
12.
19.
*
’
26
Haj 3.
“
u
10.
17.
Total.
1677.
-
78,380 50,742
65,441 44,537
62,936 32,366
59,912 30,397
55,804 26,287
41,620 21.183
80,920 18,010
29,858 26,641
26,002 16,560
26,441 17,309
19,995
16,288
593.521 368,935
Stock at Inter’r Ports Rec’pts from Plant’ns
1878.
1876.
| 1877.
1878.
94,349 195,596 173.178 210,935
90,947
62,264
75,723
t5,4<0
59,886
51 391
194.165 169,291 192,465
073,447
1876.
83,248
77,249
48,321
48,862
41,633
1877.
•••••••
96,979
89,142
75,5 >0
65,770
56,453
28,052
23,388
20,252
17,666
13,650
1878.
68,3:5 78,599
46,8 35 72,477
177,351 165,747 169,636
40,993
163,280 158,011 146,653
24 660
145,001 151,199 131,795
23,555
132,495 140,619 119,99H 43,293 15,737
130,164 133,363 108,633 3‘,289 13,897
39,016 127,296 128,411
38,856 120,826 117,074
31,196 115,076 107,534
24,252 106,301 97,696
20,097 99,966 86,376
90 and the lowest 61).
Macon, Georgia.—Rain has fallen on two days of the week, the
reaching sixty-four hundredths of an inch. Average
thermometer 80. The crop is developing
finely. Crop accounts
in this section were never better, and more cotton has
been planted
this year than last.
The nights have been cool, but not cool
enough to do any damage.
Columbus, Georgia.—It has not rained here all the week. The
thermometer has averaged 70. The cotton plant looks
strong and
rainfall
%
Week
Selma, Alabama.—Wre have had no rainfall during the week.
averaged 67.
•
^
Madison, Fiorida.—It has not rained here during the week.
The thermometer has
averaged 75, the highest point having been
The thermometer has
previous issue for an explanation of this table,
figures down one week later, closing to-night:
RECEIPTS
week last
here during the
extremes having
59,435
52,740
healthy.
50,612
48,082
Savannah, Georcia.—We have had rain on one day, the rainfall
reaching seventy-five hundredths of an inch. T he balance of the
week has been pleasant but cool, the thermometer
averaging 71,
the extremes having been 56 and 84.
Augusta, Georgia.—The weather during the week has, on the
whole, been cool and pleasant. We have had heavy and general
rains on two days, benefiting crops
greatly, and accounts are con¬
sequently more favorable. The thermometer has averaged 69,
the highest being 88 and the lowest 52. The rainfall has reached
40.033
13,0.:8 26,362
15,304
-
32,019
7,020 17,604
7,471 14,472
4,968 10,760
484,921 281 833 503.195
one
inch and three hundredths.
This statement shows us that
although the receipts at the ports
the past week were 20,097 bales, the actual from
Charleston, South Carolina.—It has been showery one day of
the week, the rainfall reaching fifty-five hundredths of an
inch.
plantations The weather has been too cold. The thermometer
has ranged
were
only 10,760 bales, the balance being drawn from stocks at from 53 to 82,
averaging 68.
the interior ports. Last year the
The following statement we have also received
receipts from the plantations
by telegraph,
for the same week were 4,968 bales, and for
1876'they were 13,660 showing the height of the rivers at the points named at 3 o’clock
May 16. We give last year’s figures (May 17, 1877,) for com¬
parison:
v Weather Reports
by Telegraph.—The cold
May 16, *78. May 17, *77.
nights and
frosts which we have experienced
Feet. Inch.
Feet. Inch.
in the North the past week do
.Below
3
8
high-water mark
3
not appear to have done
11
any considerable harm to cotton.
Other
.Above low-water mark.
23
8
26
4
than the cool nights, all the
...Abovelow-water mark.
conditions, with very limited excep¬
7
7
8
11
.Above low-water mark.
tions, appear to have been favorable, and crop accounts in
20
2
26
5
Above low-water mark.
Vicksburg
40
6
41
6
general are extremely satisfactory.
Throughout Texas, and
New Orleans reported below high-water mark of 1871 until
elsewhere in the Southwest, the condition is all that could be
desired, and in the Atlantic States the plant is developing promis¬ Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
ingly.
Galveston, Texas. It has rained on four days of the week, 1871, or 16 feet above low-water mark at that point.
showers, which have been beneficial, but need no more for a
Comparative Port Receipts and Daily Crop Movement.—
while. Crop prospects could not be better.
Average thermom- A comparison of the port movement by weeks is not accurate,
eteri, 78; highest 83, and lowest 68. The rainfall is one inch
as the weeks in different
and six hundredths.
years do not end on the same day of the
month.
have
We
Indiartofa, Texas.—We have had showers on four days, which
consequently added to our .other standing
not
particularly; needed, but no serious damage has been tables a daily and monthly statement, that the reader may con-dohe^T Crop prosperous.
Average thermometer, 73; highest 82, stantly have before him the data for seeing the exact relative^
afc&lowest 69. The rainfall has
aggregated one inch.
tC&rsicana, Texas. —We have had rain on only one day, a mere movement for the years named. First we give the receipts at'
8prinkle, the rainfall reaching three hundredths of an inch. each port each day of the week ending to-night.
Fanners are in good spirits over the
prospect. Wheat-cutting is PORT RECEIPTS FROM SATURDAY, MAY 11, *78, TO FRIDAY MAY 17, *78.
Ifcfive,7 The thermometer has
ranged from 54 to 88, averaging 69.
^DaMas,
The weather has been warm and
Wil¬
D’ys New
Mo¬
Char¬ Savan¬ Gal- Nor¬
All
of
Or¬
.Wwfc* precisely' as desired.* 'The wheat harvest is dry all the
Total.
ming¬
bile.
leston.
nah.
vest’n. folk.
progressing we'k leans.
ton. others.
well * and all crops- are
very promising.
The thermometer has
averaged 69/ the extremes having been 87 and 55.
144
Sat..
123
92
266
560
175
65 1,500
2,925
i.&reiiham, TeObasV—There have been showers on three days, Mon 1,783 376 217 527 203 528 107 583 4,324
which Were
very welcome but partial, and some sections are Tues
539
417
299
546
152
482
61
894
3,390
1VBeding* more. The prospect for. all crops js magnificent if Wed 1,182
15
361
96
211
643
126
985
3,619
eve seasonable.
There are plenty of squares on cotton Thur
485 f
586
110
317
237
416
45 1,036
3,232
M few blooms.;* The thermometer has
700
38 /' 120
226
113
360
averaged 74, the highest Fri..
218
832
2,607
84 and the
..
..
..
..
..
..
..
,..
..
—
.
?
-
lowest 68.
of an
inch* ~-V
-
'
The rainfall has been ninety hun* \J
.
.
Tot’l
4,833
1,555
934
2,093
1,626
2,604
622
5,830
20,097
THE CHRONICLE
500
The movement each
month since Sept. 1 has been as
Year
Monthly
Receipts.
Sept’mb’r
1877.
98,491
578,533
822,493
900,119
689,610
472,054
340,525
follows:
Beginning September 1.
1875.
1876.
169,077
610,316
740,116
821,177
637,067
479,801
300,128
163,593
236,868
675,260
901,392
1874.
134,376
536,968
676,295
759,036
444,052
383,324
251,433
133,598
1872.
1873.
1660.
1869-71.
Great Britain.
Continent
.2,317,000
1,724,000
United States
.1,088,000
2,723,000
1,783,000
1,121,000
December
787,769
500,680
449,686
182,937
100,194
1875-77.
8,116,000
2,381,000
1,453000
5,627,0C0
........5,699,000
6,950,000
These figures show, first, that both the Continent and the
United States recovered more quickly than did Great Britain
from the effects of the American war; and, second, that they
have also made much more rapid progress during the past seven'
Total
184,744
444,003
530,153
115,255
355,323
576,103
811,668
702,168
482,688
332,703
173,986
“
164478811
October..
Novemb'r
[Vol. XXVI/
524,975
569,430
462,552
309,307
218,879
In 1869 71 Great Britain was still 94,000 ba es, or nearly
behind 1860 ; while the Continent was only
11,000 bales behind and the United States 43,000 bales ahead.
March...
Between 1869-71 and 1875-77 the consumption of Europe and
April.... 197,965
America increased 1,323,000 bales ; but of this increase only
3,244,043
Tot.Ap.30 4,099,790 3,834,786 3,921,275 3,319,082 3,549,894
493,000 bales fell to the share of Great Britain, 598,000 bales
Perc’tage of tot. port
being taken by the Continent and 332,000 by the United States. *
88*84
93*31
94*91
93*56
94*96
“ So far as the Continent is concerned, Lancashire has lost
receipts April 30..
This statement shows that up to May 1 the receipts at the nothing, except the progressive increase in the demand for her
which would have gone on, if fewer mills had been built.
ports this year were 265,004 bales more than in 1876 and 178,515 fabrics
Compared
with the shipments in 1860, our exports of piece
hales more than at the same time in 1875. By adding to the
totals to May 1 the daily receipts since that time, we shall goods in 1877 showed an increass ; but this was almost counter¬
Here are the
he able to reach an exact comparison of the movement for tlie balanced by the decrease in the exports of yarn.
different years.
figures for 1840,1860 and 1877 :
January
February.
.
years.
2,000 bales per week,
*
781
1877-78.
1876-77.
1875-76.
1874-75.
1873-74.
Tot.Ap.30 4,099,790 3,834,786 3,921,275 3,319,082 3,549,894 3,244,043
Rec’pts—
May 1....
“
2....
2,707
“
3....
7,161
“
4....
2,032
“
5....
“
6....
“
7....
“
8....
“
•
4,145
9....
“
10....
“
11....
«
12..-.1
S.
5,164
4,062
3,851
4,257
4,886
2,925
S.
“
13....
4,324
“
14....
“
15....
“
16....
3,390
3,619
3,232
2,607
“
17....
2,013
3,561
1,675
4,512
2,032
S.
5,243
4,187
2,435
1,794
3,575
2,489
S.
4,167'
2,644
3,097
3,551
2,501
4,906
7,347
5,874
2,117
3,098
4,761
4,694
S.
7,008
2,484
4,642
3,478
3,594
2,882
S.
2,075
6,189
2,786
2,895
2,902
8.
2,584
4,399
4,976
S.
6,694
5,570
2,918
2,948
3,298
2,275
5,915
2,971
S.
5,161
2,945
3,371
3,415
3,683
4,465
S.
3,654
S.
9,842
3,378
4,274
3,741
4,311
3,824
S.
4,328
10,719
8,196
S.
9,901
6,594
9,166
5,260
6,099
6,261
6,667
5,394
..
.
This statement shows that the receipts since Sept. 1 up to
to-night are now 278,069 bales more than they were to the same
day of the month in 1877, and 176,805 bales more than they
were to the same day of the month in 1876.
We add to the last
table the percentages of total port receipts which had been
received May 17 in each of the years named.
Cotton Acreage in
Lbs.
200,400,000
91,900,000
116,0(0,000
95,600,000
£00,500,000
.409,300,000
Tot. reduced
to pounds.
.
181,980.000
176,100.000
177,6601000
The consumption of British cotton manufactures,
000,000.
therefore, fell from 0*71 lb. per head m 1860 to 0*67 lb. per head*
in 1877.
The difference is not very important, but it indicates a
stagnant trade.
The facts relating to the United States, however, present a
“
much
more
serious
appearance
Here
the
are
than those belonging to the
particulars of our
EXPORTS TO THE UNITED STATES.
Yards.
year.
"
.
Six per cent more
were
and the condition of the plant is equal to an average.
It was hoped that the experience
low prices would lead to &
and a corresponding increase in
crops ;
tations have been only partially realized. Mauy of the
of Georgia have not yet been
applied to cotton,
of last year’s large crop and
material decrease in the cotton crop,
provision
but these expec¬
farmers
fully convinced of the folly of rely¬
for the means wherewith to supplement
ing on the cotton crop
their insufficient food crops.
There seems to be a still lingering
hope of high prices for cotton, and consequent plenty of money.
Past experience demonstrates the folly of such hopes.
I:. stead of
indulging them, it were far better to so adjust plans and areas
that cotton may be an altogether surplus crop, profitable even at
present prices.
The Lancashire Cotton Industry and Foreign Competi¬
tion.—Our readers know well oar opinion with regard to the
Yards.
|
32,100,100 | 1870
104,200,000 11874
*26,800,COO | 1877
1650
1860
103,800 000'
...lO5,3O0i(!O0
61,000,000
figures quite justify the opinion expressed by Mr. Wood
(in a recent speech in the House of Representatives), that the
American market for English cotton products was rapidly becom¬
ing extinct. But the loss to Lancashire does not end Here, for
the Americans, besides producing enough clothing for them¬
selves, are becoming extensive exporters. Let those who profess
to make light of this Lowell competition look at the following
“These
Cotton
goods
ex-
ported from the
U. S., chiefly to
Europe.
•
His remarks on
commercial fertilizers
•
„
“The population of the Continent in 1860 (exclusive of Turkey
and Greece) was about 246,000,000 ; in 1877 it was about 263,.
Georgia, has issued his April report
cotton"are as follows :
The area in cotton is one per cent greater, preparation of soil
three per cent better, and the time of planting earlier than last
;
Yarn.
Yards.
Georgia.—Mr. Janes, Commissioner of figures:
Agriculture for the State of
this week.
1840
1860
1877
Goods.
Continent; for Lancashire has not only lost the progressive3
increase in the demand for her fabric i which was experienced
S.
9,899 before the war, but she has also lost three fourths of the busi¬
6,739 ness established up to 1860, while she has also to contend
4,660 against the products of American looms at her own door, and in
6,900 outside markers in which she was thought to b9 invulnerable.
3,350,826
4,158,152 3,880,083 3,981,347 3,371,422 3,616,005
^
Percentage of total
91*77
95*05
96*40
94*99
96*09
port receipts
Total..
EXPORTS TO THE CONTINENT.
1872-73.
Yards.
1S72
11,7C4,000
17,837,000
75,807,000
Cotton good*
exported from
England to the
United States.
132,9DU,000
105,300,000
55,000,000
105.831,000 .
61,100,000
“The increase in American exports since 1872 is 94,000,000 yards,
and the decrease in British exports 72,000,000 yards.
Thefe two
items, amounting to 166,000,000 yards, represent the loss suffered
by Lancashire during the past five years, in consequence of the;
increased out-turn from American looms. One reason why the
New England manufacturers have been able to push business in
this way is the fact that by a succession of reductions (as was
recently stated in the Manchester Guardian) they have now got?
the wages of the operatives 40, to 50 per cent below those paid ia ■,
Lancashire/ The only way this kind of competition can be met
and overcome is by reducing wages on this side.
Short time
alone would be worse than useless : it would be positively mis¬
chievous, inasmuch »s it would help our competitors to consoli¬
date their victoiy and render it impossible for Lancashire to
.
1877
........
lost ground.
“Another formidable
recover
.
■
competitor, raised up by the constantly^
increasing cost of production in this country, is India. Lojk at f
the progress made since 1861:
,
- > ;v
Cotton con¬
changes taking place in the cotton manufacturing industry of
The following from the Liverpool Post of May 2,
the world.
sumed,
in
Spindles at
bales of 890
prepared, we presume, by Mr. Ellison, is very suggestive :
work.
lbs*
/u.
“The principal reason put forth by the mill-owners of northeast
1881
838,000
«>,#£
Lancashire in justification of their movement for a reduction in 1674
593.000
1HG00
the wages of the operatives is that such a step is imperatively
f 886,000
170.00J
necessary, owing to the growing importance of foreign competi
1877
1,231,000
*37,000
tiop. As this fear of foreign rivalry is pooh-poohed by the
All thi9 is so much loss to England. The secretaries of the
recognized leaders of the operatives, the matter is worth looking
into, especially as the manifesto issued by the mill-owners is by operatives on strike ‘ warn the holders of shares in the Bombay "
mills to look out for squalls’; but in doing so they show.how,
no mean« conclusive on the point.
That Lancashire is being gradually overtaken is shown in the very little they know of the matter, for* bad times notwithstand¬
following comparative statement of the deliveries of raw cotton ing, the whole of the mills, with one exception, have continued.,
in England, Continental Europe and the United States in the to declare dividends, whereas in respect to the Oldhani mills
the close of last year the exception was the other way about
years 1860, 1869-71, and 187c-77. The year 1860 was the most
vi “The influence of the Indian prill* is visible inthefollo *ing
prosperous in all countries in the history of the trade. The years
of the imports of yarns and piece goods int^ India: / • ^
account
1869-71 were fairly prosperous, on average. The years 1875-77
Goods.
Goods. I
Yam.
: Yam.
were more or less unsa isfactory every where.
The fluctuations
lbs.,
lbs.
lbs.
|
lbs.
in the annual deliveries for the last two periods were so wide
»"7,812,980 | 1873
1869...
81,(89,141
28,677,608
944,611,fg $
that we have averaged the figures for each three years. They 1870
919, 36,798[ 1674 ....... 80,518,815
31,697,196
1,079,942,563 1875.... .V. 87,097,360
1871. ...;
89,993,582
are also reduced to bales of the uniform weight of 4001bs., in
1,011,148,747 1876
31,927,840
1872
28,379,619
cider to make t e comparison quite correct;
“
~
“
■
.
...
.
MAT 18.
THE CHRONICLE.
1878]
501
“These figures show decided sluggishness since 1871, the period bales, against 9,028 bales last week. Below we give
our usual
darinsr which most of the Bombay mills have been brought into table showing the exports of cotton from New York, and their
operation. The figures for 1877 are not yet out. They will show direction, for each of the last four weeks; also the total exports
and direction since Sept, 1, 1877; and in the last column the total
an increase over 1876 ; but that will only prove, what is already
fcnown, that the exports from this side have exceeded the require¬ for the earned period of the previous year:
ments of consumers and led to increased stocks in the Indian
exports ol Cotton (bales) front Now York sines Sent.l* 18TT
*
ports.”
.
,
.
••
Bombay Shipments.—The latest mail reports from Bombay
;
8. From these it seems that all the authorities
EXPORTED
then in the opinion that the exports to Europe
before the monsoon, or say to June 30, would be less—and might
be considerably less—than last year, when the total reached
Liverpool.
750,000 bales. Messrs. Wallace & Co. state :
to April
there agreed
am
WEEK IHDIHe
Same
Total
TO
April.
May
24.
6,864
*•••••••••••••••«
Other British Ports
May
5,632
....
•
•
•
to
May
8.
1.
date.
15
8,434
year.
232,074
8,119
•
period
prev*ua
295,649
2,063
....
14,755
'
purchases in Bombay of cotton ready for export amount to only aboi t
15,000 bales during the past fortnigh t—chiefly to cover sales for March ship¬
ment, and about 4,000 bales have been taken for local consumption; but the
quantity sold by up-country agents for forward delivery is extremely email,
buyers not being able top <v the high prices asked, and sellers not being at all
anxious to commit themselves in the face of the difficulty they may find in
implementing their contract. Broach and Hingunghaut may be considered at
The
'
an
end, and supplies of Oomraottee
are
beginning to
now
up-country markets in smaller quantities.
Total to Gt. Britain
Havre
Other French ports
Total Frenebi
into the
come
6.864
•
•
•
•
•
•
•
•
•
•
Bremen and Hanover
•
Other ports
•
•
•
•
•
•
•
•
•
Total to N. Europe.
400
•
•••
•
Spain, Ac
•
•
•
week,
310,404
5,353
7,565
115
• ••
•
18,058
4,957
12,749
150
10.332
6,121
350
33,347
21,696
2^398
750
2,398
750
333.350
840,415
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
• •
•
•
••
•
•
•
9.023
•••*
7.565
•
1
200
264
•
5,468
•
....
News.—The exports of
States the past
•
364
6,135
7,264
294,187
•
....
Grand Total
Shipping
•
•
330
423
Spain. Oporto* Gibraltar Ac
Total
•
•
Ail others
•
423
•
8,119
330
•••
50
400
Hamburg
There is now little doubt but that the Dhol'era crops wi’l be very short
this year. Some authoritl s estimate that thd total out-turn of these de« cripthrns wi 1 not exceed one fourth of an average. So far, tho receipts of new
Dholera into Bombay have on y amounted to a few hundred ba es— a most
unusual thing so late in the season—partly because of the want of sufficient
means of transit, owing to the absence of water for the bullocks which con¬
vey the cotton from the interior of Kattywar to the seaboard, and partly
because the natives, knowing the crop is a small one, are folding the r sup
plies back for higher prices. The S. G. Dharwar and Coompta'lcrops are also
fate, no sample lots of either having yet reached Bombay, and.althongh report
stiU speaks highly of the quantity and quality, the-e is little prospect of sup¬
plies of these being available before the Monsoon on the same scale as in the
years 1874, 1875 and 1*78. Altogether, looking to the maximum quantity of
cotton likely to be aval able between this and then, we estimate that the
8,434
50
•
•
5,662
•
8,469
cotton from
2,826
the United
latest mail returns, have reached
ble circumstances, cannot possibly exceed 700,000 bales, while with other
50,179
bales.
So
far
as the Southern ports are concerned, these
influences at work to check shipments or to encourage the natives up country
to keep back their cotton, the total exports for the sue months may be consid¬
are the same exports
reported by telegraph, and published in
erably less than this.
The Chronicle, last Friday. With regard to New York, we
Messrs. Finlay, Muir & Co., in their report, speak as follows:
Include the manifests of all vessels cleared up to
Wednesday
We fear that business here L nearly over for the season, as there is little
■cotton to come to onr market now.
Broach and Hingnnghant are over, and niRht of this week.
ToU1
exports to Europe for the half year ending 80th June, under the most favora
Oomra isjshowing signs of being exhausted, while Dhollera will be an excep¬
tionally small crop, one-fourth of the average yield being now the popular
estimate. Coompta and Bharwar will not arrive till Pearly the mon-oon, and
the total clearances for the first six mont as of the year cannot possibly equal
last year’s figures.
To about the same effect is the opinion given by Messrs. W.
Nicol & Co.; and, judging from the actual movement since, as
New Yoas—To Liverpool, per steamers Germanic. 1,456 and 43 Sea
Island—Wyoming, 681—Bothnia. 891....The Queen, 527....
Memnon, 1,118....per ship Hamilton Fish, 8,400
To Bremen, per str. Weser, 200
To Rotterdam, per str. W. A. Scholten, 150
New Orleans—To Liverpool, per steamers Andean, 2,300
Laconia.
2,853 ...per ships uenevieve Strickland, 5,000
Prussia, 4,600
Wm. Tapscott, 6,517
To Cora, per bark R. C. Bu’gin, 1,400
To Havre, per ship La Louiaiane, 4,634
To Rouen, per bark Nellie M. Slade, 30
To Rotterdam, per steamer Warrior, 1,039
Mobile—To Havre, per bark Edward Cushing, 1,699
Texas—To Liverpool, per bark Forest Belle, 4,031
Non folk—To Liverpool, per bark Geo. Peabody, 1,415
Baltimore—To Liverpool, per steamer Austrian, £75...
To Bremen, per steamers Leipzig, 1,024. ..Giaf Bismarck, 1,0(0....
Boston—To Liverpool, per steamers Minnesota, 8«3.,..Siberia, 41....
*
reported to
fact
this
by cable, there would
seem to
year.
Bombay
to
Shipments.—According to our cable despatch received
day, there have been 15,000 bales shipped from Bombay to
-Great Britain the past week and 18,000 bales to the Continent;
while the receipts at Bombay during this week have been 30,000
bales. The movement since the 1st of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and are
Canopus, 945
Philadelphia—To Liverpool, per steamers Indiana, 75
1878 15,000 18,000 33,000 221,000 290,000
1877 22,000 31,000 53,000 281,000 309,000
1876142,000 13,000 55,000 330,000 220,000
From the
Receipts.
Tbis
Total.
nent.
The particulars of these shipments,
are as follows:
Since
Jan. 1.
Week.
511,000 30,000
590,000 57,000
550,000 44,000
arranged in
Liver¬
pool.
New York.
N. Orleans
Mobile
Texa*
Norfolk
Baltimore
Boston
631,000
804,000
741,000
•
•
4.031
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Havre.
Rouen.
men.
•
•
4,634
1,699
•
•
•
•
•
1,400
4,634
30
1,032
1,699
4,031
1,425
875
2,674
1,859
675
30
•
•
••
• •
•
•
•
•
•
•
•
•
•
• •
•
•
•
•
•
•
•
•
•
•
•
•
•
usual form,
Rot¬
terdam. Total.
20)
1
•
1,400
.
our
Bre¬
Cork.
21,869
:
.
Conti¬
200
150
50,179
*
Shipments since Jan. 1.
Great Conti¬
Great
Brit’n. nent. Total. Britain.
Tuscany, 600
Total
brought down to Thursday, May 16:
Shipments tbis week.
8,119
..
be no doubt of the
that the Bombay exports to Europe the first six months of
year are to be materiallyJess than the same months of last
us
as per
•
150
8,469
1,033
28,472
•
•
•
1,699
•
4,031
•
•
•
1,425
•
875
2,6,4
3,549
that, compared with last
1.859
year, there has been a decrease of 2),000 bales in the week’s ship¬
675
675
Philadelphia
ments from Bombay to Europe, and that the total movement
■since January 1 shows a decrease in shipments of 79,000 bales,
30
Total
6,333
1,400
2,874
1,139 50,179
compared with the corresponding period of 1877.
Cotton freights the past week have been as follows:
Gunny Bags, Bagging, Etc.—Bagging has not changed since
Liverpool.——, .—Havre.—% »—Bremen.—% .—Hamburg-*
our last, and the market is
8team.
Sail.
Steam. Sail. Steam. ‘ Sail. Steam. Sail,
ruling dull, with no large packages
moving and trade confined to trifling parcels. Quotations are
—© 15-64* comp.
—©X 11-16 comp. X X comp. —
Tilling about steady, with holders asking 9|@9$c. for light-weight Saturday. —©fc —©
Monday.. — ©X
15-64 comp. X cp.—11-16 comp. % X comp. —
and 10@101c. for standard quality.
Butts are ruling very steady Tuesday, —(ft* —@15-64 comp. X cp. —©X 11-16 comp. X £ comp. —
in price, hut the demand is not
very large, manufacturers not Wed’day. —©X —©15-64 comp. X cp. —©X 11^16 comp. X X comp. —
having yet worked up the late purchases. For the past few days Thur’dy.. —©X -©15-64 comp. X cp. —©X 11-16 comp X X comp. —
Friday... —©X -©15-64 comp. X cp. —©X 11-16 comp. X X comp. —
foregoing it would
appear
.
.
..
• •
..
•
•
•
•
-
•
•
•
•
•
•
•
•
•
•
....
• •
•
....
....
•
•
•
•
•
*-
•
•
,
there have been a few sales—in all about 400 bales.
closes with holders quoting 2£<®2|c., according
to
time.
The market
quality and
Liverpool, May 17—3.30 P. M.—By Cable from Liver¬
pool.—Estimated sales of the day were 10,000 bales, of which 1,000
-
The following are the receipts of cotton at New York, Boston,
Philadelphia and Baltimore for the past week, and since Sept. 1, ’77:
NEW TOBK.
‘
BOSTON.
PHILADELP’IA
BALTIMORE.
This 8ince
Week. Septl.
This [Since
week. Sept 1
xici’tsvbom
This
week.
i
Since
This
Since
Sept. 1.
week.
Septl.
■
Hew Orleans..
Texas....,
Savannah.
Mobile..
5,617
1.422
1,101
■
....
1
722
887
1,820
SMmk*
Ac
18,804
72,4 2
.
T
135,257
3
.
8,778
809
8,310
.
75
97,514
5,664
103/14
•
•
•
•
•
-
•
•
•
•
•
•
•
.
«.
•
4,660
•
*
20,c78
m mm
....
.
.
•
88
•
.
•
•
•
•
•
.»
16
•
216
816 108,007
v
,
•
*
•
♦
.
„
.
••
'•
%
•
•
491
-
•
•
•
•
18,589
18.857
227
38,687
* •
•
•
•
•
•
•
*
...
9,780
89,627
•
-
•
Actual export
Amount afloat
Of which American
•
The
14/60
854,115
8,164 312,064
491
65,176
Total last year,
5,992
851,418
4,298 805,588
268
55,021
578
136/23
1,286 111,258
The Exports of Cotton from New York this week show a
s, as compared with last week, the total
reaching 8,469
Of which American
Total import of the week
Of which American
.
Total tbis year
export and speculation. Of to-day’s sales 7,600
The weekly movement is given as follows:
Total stock
•
:
.
for
American.
Sales of the week
bales.
Forwarded
Sales American
Of which exporters took ....
Of which speculators took..
50,160
4
.*
55,750
1,507, 90,947
•
were
were
April 26.
804
'
158,8«8
18,792
187,147
4,658
•
•
bales
.
914
•
62,828
•
2,792
*
**
•
f
8,246
1,050
•
JJcrtda.
S th Carolina
N^th Carolina
Twmeesee,
Foreign^
171,540
bales
May 3.
May 10.
26,000
47,000
51,000
7,000
19,000
.9,000
35,000
5,000
10,000
2,000
1,000
862,000
640,000
129,000
97,000
4,000
313,000
222,000
2,000
887,000
662,000
83,000
62,000
8,000
280,000
204,000
.
May 17.
66,000
8,000
42,000
4,000
3,000
896,000
678,000
70,000
64,000
8,000
201,000
287,000
171,000
203,000
54,000
6,000
8,000
883,000
661,000
51,000
37,000
5,000
following table will show the daily closing prices of cotton for the
week:
Spot.
Mid. tJpl’ds
Mid. Orl’ns.
Satnrd’y. Monday. Tuesday. Wedn’sdy Thursd’y Friday.
...©6
L.®6316
...©6*4
...®6
F...©61i
.,.©6
...©634
.~.®6
...©6
...»6H
...©6i4
THE GHEQNIOHE.
m
Futures.
These sales
Saturday.
d.
Delivery.
May
53i32®i5i« Aug.-Sept
May-June ..53132® 15is Sept.-Oct
’June-July
6® 5*133 Oct.-Nov
July-Aug 6133® ii«® is» JuneJuly
*
'
d.
Delivery.
6ii«
July-Aug..
Aug.-Sept
6332®%
;
d.
6*8
6032
6*8
6
Shipment.
-
May-June, sail—6iie
Monday.
Delivery.
5ioi6 Sept.-Oct.
5i516 June-July
Delivery.
May
May-June
Aug.-Sept
633o
Sept-Oct
6*32®%
J uly-Aug
Sept.-Oct
6%
Oct.-Nov
6iie
6332
Oct.-Nov
.
-
.6I10
Shipments
May-June, sail—6I32
Sept.-Oct., n. crop,
0132® t
6*8
Aug.-Sept
—6I32
July-Aug
Delivery.
NovJ-Dec....
6®32
5*13*
6%
sail
Tuesday.
Delivery.
Delivery.
6
52932 July-Aug
6iie
52932 Aug.-Sept
..6%
5i»i0 Sept.-Oct
Delivery.
May
May-June
June-July
Oct.-Nov
633*2
6332
Sept. Oct
Wednesday.
Delivery.
Sept.-Oct
Delivery.
5%
May
May June
57s
6
July-Aug
Shipment.
Sept.-Oct
6%
6332
Oct.-Nov
6i je
Nov.-Dee.,
n. crop,
'sail
6I32
June-July. .52932@iole
Thursday.
Delivery.
Delivery.
May
May-June
JuneJuly
..
51616@2932 Sept -Oct
52932 ®i516 May
Delivery.
Sept.-Oct
6032®%
5i&i6
6032
-6032
Oct-Nov
6
61 le
6%
51516
Shipments.
MayJune, sail ...52»32
Oct.-Nov.,in. crop,
sail
6332
6732
Shipments.
Oct.-Nov., n. crop,
53i32 MayJune
July-Aug 6is2® lie® I32 JuneJuly
Aug.-Sept
611«® *32 July-Aug
Oct.-Nov
6%
Aug.-Sept
Friday.
Delivery.
52832 Sept.-Oct
Delivery.
May
MayJune
JuneJuly
July-Aug
Aug.-Sept
—6*ie®V32
53i32 JuneJuly
sail
Shipments.
6I32
sail
6^32
crop,
sail
Oct.-Nov., n. crop,
.6332
.6*32
—
Nov.-Dee., n.
6%@332
6%
European Cotton Markets.—In reference to these markets,
correspondent in London, writing under the date of May
4, 1878, states:
our
Liverpool, May 2.—The following are the current prices of
American cotton compared with those of last year:
j
market
otherwise stated.
Delivery.
Rye flour and
corn meal have declined. To-day, the
dull and quotations quite nominal.
! *
~ 5
The wheat market has been inactive and variable.
Orders for
prices.
.
the basis of Uplands, Low Middling clause, unless
are on
was
export have been to a fair extent, but at prices which holders
generally were unwilling to accept. Consequently, little has been
done. Receipts at the Western markets continue large, and
arrivals at this market are liberal; bat they are not offered freely.
Late transactions embraced No. 2Chicago at $1 20@$1 20$, spot
and May, and $1 19$@$l 19$ for June; but other leading grades
cannot be bad at proportionate rates.
Winter wheats, in par¬
ticular, were more firmly held, No. 2 red going at. $1 31 on the
spot and $1 29£@$1 30 for arrival. To-day, spots were pretty
firm, with sales of No. 2 Chicago on the spot at $1 21, and No. 1
red winter $1 30 ; but No. 2 spring sold for June at $1; 18J@
$1 19, and No. 1 do. for early in June at $1 26.
Indian corn has been very active, the sales on the spot and for
early arrival amounting to fully 1$ million bushels. Prices were
slightly lower, but fluctuated somewhat from day to day. Yes¬
terday, there was a pretty fair business, Including Western mixed
at Side, for No. 2, 50f@50$c. for steamer and 43$@49c. for No; £
White corn has met with much more inquiry, and large parcel^
of prime Southern have been taken at 55@56c.
The business in
Western
mixed for future delivery mostly at 49$@50c. for
steamer mixed for June, and 51$:®5i$c. for No. 2 do. for June and
52c. for July. To-day, prices were $e. lower.
Rye soli freely early in the week .at 72@73$c. for prime to
choice Western, and 75c. for prime'State and Canada, the latter
in bond; but latterly the demaud has been limited.
Barley was
also more active at 84@85c. for prime Canada, and 47c. for
Western feeding.
Oats were in better request, and about 200,000 bushels No. #
Chicago sold on the spot, and May and June arrival 34|c. The
market to-day closed dull, with No. 2 graded quoted at 33$, for
mixed and 34$ for white.
; ; r.%
The following are closing quotations:
*
.
Same date 1877.—
Fair.- Good.
Ord.A Mid-*Fr.AG.Fr.—..—G.&Fine—* Mid.
.
[..15
17H
18*
30
14
15
16
L.M.
5 9-16
5 9-16
Mid,
6
17
G.M. Mid.F. Mid.
G.M. M.F.
6 5-16 6)4
5 3-16
5)4
6)4
5 i5-16 6)4
6 5-16 6 %
6)4
6
6 5-16
6)4
6)4
6)4
6)4
6)4
G.O.
Ord.
24
18
16*
5*
5%
5)4
..4 13-16 5*
Mobile.
Texas.... 4 15-16 5 3-16 5)6
Orleans.. .4 15-16 5.Y
5X
.
18*
Since the commencement of
18
-
20
23
19
15)4
6)4
6*
7X
the year the transactions
00
■peculation and for export have been
American
Brazilian
on
bales.
28,510
Egyptian, Ac. 5,480
s
WVIndla, Ac
E. India, Ac. 8,820
Total
1876.
bales.
1878.
bales.
1877.
bales.
82,020
13,060
70,280
53,073
796
31,830
33,408
1,024
116,450
550
11,030
9,831
2,478
110
400
8,192
22,810
18,150
30,352
2,378
50,767
22,410
13,870
272,960
103,410
139,910
37,310
p.from
Actual
Liv.. Hall A other exp’tfrom
U.K.in
oatports to date—*
spec, to this date—*
1877.
62
96,794
1877.
bales.
of last year:
Total
r-—i-Sales this week.—*
Ex- Specula-
Trade, port.
American..bales 37,220 8,130
Brazilian
8,480
110
Egyptian
8,890
•
Smyrna A Greek 1
West Indian.... i 000
East Indian
4,110
•
•
•
60
2,030
49,830 5,880
This
week.
American.... ...bales. 61,616
Brazilian
4,943
Smyrna and Greek
Wheal
Corn—West'n mixed
/ do steamer grade.
Southern, yellow, new..
4 70® 5 00
5 15® 6 35
5 00® 6 50
do Minnesota patents..
Southern, white
6 25® 8 25
4 75® 5 75 Bye........
City shipping extras.. ..
City trade and family
. *
! ...
5 85® 6 23
...
tlon. Total,
1,490 41,840
•
•
•
740
••*
230
1,730
2,081
100
891
13,527
662,330
87,290
93,140
8,430
4,010
•
10
•
year.
6,420
58,440
date
1878.
j
220
1
15,420
82,700
82,638
Same
Average
period weekly sales.
1877. 18*18. 1877.
652^80 40,699 40,080
117.920
2,523
6,420
103,000 5,830
5,750
730
18,540 f 410
165,950 8,380
,
This
day.
661,710
1,231.326
73,584
101,807
1,216,821
204,654
147,903
944
916
17,223
117,296
23,089
126,181
17,750
65,340
53® ,55
..
Oats—Mixed........
White
.............
SM
k •
77®
97
tt
58®
W
85
110
88® 1 00
The movement in breadstuffaat this market has been
as
fol-
tows:
-RKOXIPTS AT NSW. YORK.-
-SXPORTS FROM NSW YORK.-
Same
time
1877.
-4878.For the
' Since
Jan. 1.
—
1878.
—1877.——
■-*»
Since For the
Since
week.
Jsh.1.
Jan. 1.
For the
week.
.
971,813
423,580
45,347
949,351 14,671
71,033
.•£521,161
Xlifl
AQQ.'lt
97,077
4,183
78,462
7,256
88,070
5;t48
69,9171
840,619 1*326,776.16,257,874 418,521 3,020,167
Wheat, bus. 1.133,745 16,623,702
Ctorn,
.1.217,303 9,354,057 6,640,212 830,870 7,321,909 487,933 7,*99,960
197,691
70,866 1,411,261
439,606
Rye,
“ . 143,114 1,190,008
81,031 1,391,438 80,783
159,7W
Barley. “ . *43,573 *1,970,247 *1,176,343
59,260
182,896
405,783
Oats...**. 865,700 2,718,318 3,873,729
3,104
Floor, bbl..
P moal
C.
meal,
.
*
Inclading malt
....
.
'
■
•
■
•
727,220
58.720
161,750
213,500
31,360
82,570
148,070
830
340
94,7*0
l
21,360) 16,010
66,660
31,930
„
.
V
•.
*.
.
;
RECEIPTS AT LAKE AND RIVER PORTS. FOB TRB WEEK BNDIKS
MAY
5,040
-Stocks.—-—
Same
date Dec. 81,
1877.
1877.
Crain in sight and the move*
The following tables show the
mentof Breadstuffs to the latest mail date*:
11, 1878, FROM DEC. 81 TOr MAY 11, AND FROM
AUG.
Flour,
bbls.
Corn,
bush.
(56 lbs.)
Wheat,
bush.
86,706
Milwaukee..........
Toledo.
Detroit.
Cleveland*
St* Louis. ..«■*.••....
Peoria..
Duluth
•••*••••••»
*»•«•••••
586,976 1,310,671
44,916
623,260
13.170
1,118
8,465
2,153
22,893
125,041
96,309
137,887
315,122
1,818
16,200
336,920
1,995
1/200
106,850
14,500
61,694
12,000
'
1
*
1 TO MAY 11.
(196 lbs.) (60 lbs.)
At—
Chicago.,.—.—
Oats,
buab.
Rye.
Barley,
busk
bush.
(82 lbs.) (48 lbs.) <58 lb*.)
24,820
854,326
40,368
22,991
54,910
21,976
53)
13.048
603
6,000
21,000
50,709
im 23,847
65,200
6,300
,v
836,920 1,124,400 887,550
121,774 1,618,767 8,000,751
1,879,503 3,120,500
373,886 1,878,151
97,516
Oorreep’ng week/77
111,177
694,867 1,044.947
Tot Dec.31 to May 11 1,163,141 31,630,733 27,600,533
Sametime 1877.... 1,545,106 6.233,863 24,628,433
Same time 1878
1,806,680 13,114,475 81,865.151
Same time 1876
1,551,003 14,690,175 16,634,286
Tot Aug. 1 to May 11 .4,934,585 65,166,013 62,690.149
Sametime 1877.
4,198,798 85,635.347 63,378,333
Same time 1876....., .4,112,583 51,957,171 43.863,833
game time 1875/...., 4,219,770 50,130,114 85,912,935
Total..
BRE ADSTUFFS.
.
.
Friday. P. M., May 17, 1878.
depressed the past week but
there is little, if any, recovery in prices. Yesterday, there were
buyers of large lines of common shipping extras at $4 77^, with
sellers at $4 85. There have been no very active influences at
work, but holders seem to anticipate a war in Europe, and,
consequently, a demand that will enable them to obtain higher
f
,
....
♦
t
......... .
.
The flour market has been less
„
.
,
7001
came
1,514,080 1,719,567
45® 61
49H® - 60
Barley—Canada West...
mily brands.
5 50® 6 75
State, jS-rowed
Southern shipp’g extras.. 5 00® 5 40
State, 4-rowed.........
Bye floor, superfine
3 15® 3 601 Barley Malt—State
...
Corn meal—western, Ac. 2 10® 2 50 J
Canadian
Oorn meal—fir’wine. Ac. 2 90® 8 101 Peas—Canada.bondAfree
891,000 1,033,790 53,630 58JB0
date
1877.
1 26® 1 36
l 32
4J
Southern bakers* and fa¬
Previous week
1 S6AT58
extras
do ll and XXX.......
do winter X and XX..
,
Total
No. 1 spring
Red Winter
White
4 75<® 4 93
.
,
this
—Imports.
Totals To
East Indian
en
‘
.
,
8ALBS, HO., OP ALL D180BIFTX0N8.
west Indian.
Jrtra State, Ac
Western Spring
week.
the sales and imports of
also the stocks on hand on
Thursday evening last, compared with the corresponding period
Egyptian
^
4 15® 4
—
ern
12.230
The following statement shows
cotton for the week and year, and
Total
Yo. 2
..«ibbl. i 2 75® 3 75 J Wheat—No.3 spring,bush $1 14® in"
No. 2 spring
1 20® 1 ^
SaperAue Slate A Wesv•
‘
437,420
87,055
Grain.
i
brands.
^-Actual
r-Taken
1878.
bales.
Flour.
Estimated.
129,623
670,193
696,883
500,743
474,876
7,609,597
5,499,655
6,780,194
6,811,103
73,049
55,225
&
69.584
HU14>
71,743
2,431,110 1,407,40
1,944,458 mm
2,479,564 423,572
1,437,844 402,831
20.021,154 8,909,970
16.545,445 8,010.108
21,432.821 7,166,162
18,237,860 5,965,047
'
8,384,279
2,602,846
\ar
r.-jiAv
s-lOM, X'-vr-‘-V' r~': f*Z-.
“
-
THE CHRONICLE.
1878.J
M»T 18.
or FLOUR AND GRAIN from
"
RIVER PORTS FROM
Flour.
bbl*.
81
DEC.
Wh“at,
western lake
Corn
bosh.
bash.
OaU,
4,341.881 1,017.870
879,271
707,781
330,407
7,578,134 10,284 873 3,741,117
AND RIVER PORTS.
Flours Wheat.
bbls.
May 11. 1878.. 84,944
May 12, 1877.. 98,423
Weekending Way 18,18J8.. 97,891
Week ending May 15, 1873.. 71,536
Week ending
WeX ending
Corn.
bush.
bush.
~
428,304
174,513
333,OSO
414,z33
bbls.
At-
bash.
1,102,803
562,147
1,425,964
512,486
Portland.
Montreal....
1,710,934
24,948 ; 202,600
1,200
17,433
146,513
Philadelphia
14.720
163,600
r
Total
.
Previous week
00* week ’77
bush.
1.446,184
LAKE
144.200
bush.
370,241
"
27,620
8,200
4,500
42,600
1,500
130,946
870
13,7>9
7,807
179.400
351,800
313,000
34,010
21.700
2*000
147,434
58,132
163,878
173,4*46
2.13M87
1,780,519
2,538,064
1.737,362
517,105
a 4
Baltimore
New Orleans........
i
bash.
83,498
:
141,502
bush.
152,621
•
8,575
-
overcoatings lacked spirit, though fancy and plaid-back makes
met with moderate sales.
Cloths and doeskins ruled quiet,
and
Kentucky jeans continued dull; but printed satinets were disposed
of in moderate parcels to a fair
aggregate. Worsted dress goods
were
lightly dealt in, and shawls remained dull. Carpets were in
moderate request for small
selections, and agents* prices were
steadily maintained.
••
•
8,500
•
•
•
«
•
11,100
1.000
.««.*
47.895
42,850
363.769
....
Foreign Dry Goods.—Business was
quiet as a rule with
importers, but colored dress silks were in steady demand, and the
moBt staple dress fabrics met with moderate
sales. Linen goods
continued dull, and white
goods and embroideries were only in
limited request.
Black turquoise was in fair request, but other
makes of millinery silks ruled
quiet, and ribbons were less active.
Men's-wear woolens were quiet in first
hands, and hosiery and
gloves remained sluggish. ’
164,724
66,200
^
^cne time
9,0)?.045 25,941,043
3,143,314 7,218,810 20,373,611
1875
goods!
dull and weak.
was not
91,100 1.918,516
553,502
74,866
44,100
Dee.3ltoM*y 11... 3,066,577 24,019,125 36.767,334 5,408,697 2.091,770 1,490,516
game time 1877......2.4iO.ll-S 2,0H2,8h3 28,.*0.3'.:9 5,163,279 1,070,501
422,591
ftun«time 1876 .....8,«?1.634
quantities at reduced figures. Stable ginghams were in
goodrrequest, but dress styles became sluggish, and cotton dress
were
ggCBIPT8 OP FLOUR AND GRAIN AT 8RABOARD PORTS KGK TUB
WEEK ENDED MAT 11, 1878, AND FROM DEC. 31 TO MAY 11.
Flour, Wneat,
Corn,
Oats,
Baney, Ryo,
New York..,
Fancy prints rnled quiet, bat low-priced shirt¬
fairly active, and wide prints were distributed in large
were
Domestic Woolen Goods.—The movement in
heavy woolens
nearly as brisk as expected, taking into consideration the
number of buyers in the
market, and both clothiers and cloth
Oats. Barley. Rye,
jobbers manifested great hesitancy in their purchases. Worsted
bush.
bush. bush.
342 681 23,014
6.6.17
coatings were, however, in fair demand, and orders to a consider¬
426,537 3*4,646 18,913
497,415 24,346 22,185 able Aggregate were placed with
agents. Fancy cassimeres and
283,728 14,634
5,995
saltings were less active than expected, and transactions in
I&IL shipments OF FLOUR AND GRAIN FROM WESTERN
::
cash, for 56x60s.
ings
vRyK*
bush.
bash.
4,002, 96* 1,837,714 1,113.480
4.324,102 1,423,324
506,826
ISaetoe
£JJe time 1875...... 1,665.461
Barley,
bash.
fhtDee. 81 toMay 11.3,145,329 11,500.9*3 22,11*114
1877. «... 1,531.381 5,350 295 17.8C4,i28
SSetime 1876...... 1,966,390 11,004,853 18.784,747
and
11.
TO If AY
503
6,090,185 1,823,3M
5,542,197
299,211
184,727
59,995
The Visible Supply of 14rain, comprising the stocks in
granary at the principal points' of accumulation at lake and
seaboard ports, and in transit by rail and canal, May 11, 1878,
was as follows:
Wheat,
Corn,
Oats,
Barley,
Rye,
We
annex
prices 01
a
few articles of domestic
dry goods:
_
bush.
bush.
bush.
bush.
bdsh.
to store at New York
769,601
toitore at Albany. .
In store at Buffalo.....
432,438
3.400
53t;2l8
8.000
938.94*
327,212
74.178
:
Tickings.
Width. Price.
Amoak’g ACA.
Width. Price.
Cordis AAA.. 32
do
ACE. 32
do
No. 1. 32
16^4
69,000
96.000
do
do 4-4
74,803
20
629,875
262,8*6
13,090
do
61,521
A..
15)4
In store at Chicago....
419,101
634,537
95,295
350,157 1
do
31,846
B..
4)4
..
do
do
do
-do
do
do
do
Falls
do
do
do
d>
..
496,363
162,219
20,133
.
•
19,807
.
•
•
•
•
•
357,490
"
•
•
16,393
do
C..
D..
E.
do
••t
1.3)4
11)4
!0*
..
545,903
866.246
154,794
do
2,643
In store at Detroit.
125,994
5,874
32,2:38
3,395 1
do awning
4
)
5
Instore at Oswego
40.U0U
80.000
6,000
135,000
40i00C Conestoga..;.. 60
211,359
(pi store at St. Louis. -». «.<
299,315
86,365
12,250
do premA.4-4
20,391
.......
to store at Boston.
13*689
136,718
95,919
616
1,420
do do
B.4-4
In store at Toronto......
200
459,281
12,396
82,133
do
ex...4-4
to store at Montreal (1)
.'
40’,'279
120,447
10,836
45,879
do
ex.. 7-8
i*,ii4
fn store at Philadelphia*
259,1:45
18*185
do Gld mdl4-4
In store at Peoria............
3472
38,443
78.762
343
20*1*50
do
CCA7-8
in store at Indianapolis.,..
24*168
f3,963
'•
2,3*1
*. 986
do
CT..4-4
In store at Kansas City..
32,736
59,274
8,733
do Penna.4-4
2,148
to store at Baltimore
259.9S4 1,009.969
'
do
AA 7-8
Ball shipments, week
423,304 1,102,303
312,681
22,014
do
6^637
X...7-8
Lake shipments, week ..
1,041,920 1,651,4*4
113,053
23,105
do
88,<i00
FF
On canal. '..v;....
1,600,000- 1,358,000
161,000
20,000 160,000
do
B....7-8
•
a •
^
..
..
-
'
*
..
...,
•
•
•
•
•
-
Total
S.015,649
V
1878
Har
April 27,1878
April 20,1878............
April 1*1878..
.
•
•
•
•
2,087,164
.....
.
......
Mar. 30. 1878.
May 12, 1877
.
7.921,183 9.768,366 1.769,920 1,675,855
7,721.568 10,181,932 1,990.193 1,878,184
6,428,221 8,810,360 2,122,309 2,086,456
7,211,56* 8,451,8*0 2,253.873 2.258,443
7.759.209 7.033,818 2.531,f'25 2,366,551
5,238,622 9,386,307
1,905,656
1,042,431
559.969
559.852
686,408
;i :
;•: ;
There has been
a
continued lull in the demand for
Plunkett...
Randalmon
Mohawk.,.
9
Renfrew dr’ss
spring and
in large numbers, add demoted
a
Century
AM.
Boston........
BeaVer Cr,AA.
do
BB.
.
.......
w
iVpn^H;;^l,41VB<^Ig>23^Ci.platino;Bet,nblic.
Brown and bleached cottons
in
were
quotations
were
light request and I
unsettled, but ducks, denims and ticks were
IreBaajdemand for mqdefate Ipts^ And prices were maintained
-^^^I^kes,
2nd
corset
Cheviots and
jeanl were less
in
• •••••*•
on
• • •
<
I No; 2....
muk; a*
^
-
3c.}l nSI:::;:::::;":
f
do
da
Lewiston
Otis AXA
do BBr
do CCPearl River..
20
14
12
11
16
...
.
Palmer........
B...
9
fancy XX
....
Thorndike A..
Uncasv’e UCA.
York
Warren AXA..
do
BB.,..
do
CC.
..
Gold Medal...
Haymaker....
Corset Jeans.
Ind. Orch.Imp..
do
7H
sat....
do
9
.
brwn&blk
Laconia...
9M
8)tf
Manchester......
8
Hags.
Granger
Ontario A....>
do
B.'.......
do
C........
Powhattan A..
,
Nanmkeag* sat..
Newmarket
Kearsarge, sat...
21 50
23 00
27 50
32 50
21 50
do
B,»
26 00
do
0..
81 00
19
.......
Light Duck-
..,
Pepperell, blea,.
do
sat,
Rockport...,,..,
Suffolk..
PhUa A .......
; do B.
24 00
do C
Stark A
do C 3 bush
do
2)4 busk
3* 50
24 50
27 50
3ft 50
88 00
•
•
*
..,%
Greenwood's (8oz.)
Ravens........;.
Bear <8on.> 29 in..
do heavy (9 os.)...
Extra heavy bear..
Moot. Ravens 29W.
do
40in.
Woodberry and Ontario
U.S.A. Standard 23)4 io.
^1 **x....»
.......
15
9 oz..... ........»"t
-
Greenwood’s (7oz.)
Ravens....•
I Noi4..V.V.V,
taken I §0.6*.‘.V.].!!
I
j Baird.
| Belfast
...
Cotton sail twine.
W«<
•
....
-
Uncasville A... 8)4-9)4
do;
UCA. 10-11
Whittenton A A
10
8)4
13)4
No. 10.....
cottonades continued dull jand
active.. Grain
were
hLihodem.te lbts ahd raled steady in price* Printbsgs
cloths remained
I So’?***
No* 1
15
Cotton Sail Duck.
Woodbeny
Mills,
ivtkiil
i
Otis BB
10 ^
Park Mills Ch’t.
12)4
Thorndike A.... 11 )4-l2)4
do
B....
.W-
18
,
| Mon“nP——
....
..
...
Everett...
....
15)4
S\J Shirley
9
| White Mfg Co
9
9)4 j Carleton
Johnson Mfg Co... 13)4
style
15
..
6.
9
9
32
76
do
..
Denims.
Carlton.,..,...
autumn
11 v
...
A.
York
16)4
....
•
do
Massabesic
12
heavy woolens for
do
CC. ~
10)4
trade; but their operations were conducted with Colurab’n
h'ybro
16)4
extreme caution, and lacked the
do XXX brn
’16 H
liberality of former seasons. The
eotion goods market continued
quiet, and a break occurred in wide
prints, some large sales of which were made at a marked reduc- Amoskeag..
8)4 1
9
Androscog’n sat.
I
tion from-prices current a short time
6)4 1
ago.- In foreign goods there Canoe River,...
Clarendon......
1
Iris ho movement of importance, and the
public sales were Hullowell Imp.
8 -1 j
devoid of special features,
do
brown
|
Hamilton
g Domestic Cotton Goods.—The demand for cotton goods for
export was fairly satisfactory, and considerable orders were American
19 50
19 50
placed with agents for future delivery; but
Amoskeag.....
shipments for the Atlantic.
19 50
week .ending Mhy 14 were
23 50
only 637 packages, which were sent Casco.
21 00
follows; Great Britain, 210 packages ; Venezuela, 111; U. S Lewiston......
Franklinville.v 21 50
of Colombia, 64
22 50
; British North American Colonies,
54; British
the
A
..
WhittentonXXX.
Everett heavy..
do
consider
..
Hamilton.
Lew’n AA.Chev.
do
12)4
•*
..
8)4 ' Evereit Cheviot
Amoskeag
able share of Attention to the examination of
..
Stripes.
Century
27
11)4 | Cordis awning.
11H } Columbian
33
14
..
..
9-10
do
fancy
Bates Cheviot..
Belm’nt Chev’t
Clarendon do
Creed moor do
Cherwell
do
summer
goods during the past week, owing partly to the inter¬
ruption to consumption caused by cold and unseasonable weather,
and business was light with
package houses add jobbers alike.
Clothiers irom the leading manufacturing cities in the interior
ipjpeared in the market
9
9
Amoskeag
FRIDAY. P. M.. May 17, 1878.
..
9
Glasgow fancy
Gloucester, n s....
28
18)4
7)4
B..«.
E.
Swift River
Thorndike A..
do
B„
Willow Br’k No 1
10)4 { Miami....
9)4 I Lar caster
American
THE DRY GOOD3 TRADE.
do
do
A..., 32
A.... 30
Namaske
1515
17
..
Pemberton AA
.....
9
22)4
..
..
Domestic Gtnchams,
Bates
♦Estimated.
do
do
B......
A-.;....
...
•.
Pittsfield......
Amoskeag;
595,379
..
OBO
AAA....
....4-4
-do
do
ACA i. 30
do
do
36
do
medal..|36
Pearl Rive.%...
Palmer
..
! Lewiston A;.. 36
1
Alamance
582.315
640,016
513.302
do
..
.
Lancaster .....4-4
do
7-8
1,394.488 6^0,453
do
_
20
Omega C
..
.
•
8,394,?S3 9,533,192 2,063,303 1,462.506
.
April 6,18'8
9,008,652
.
•
..
Minnehaha... 7-8
..
No. 3.
No. 4.
No. 5.
No. 6.
No. 7.
.
..
..
No. 2.
AA
BB
A...
Hamilton BT..
do
TT
do
BT
do
D
•
.
.
awning.
Width. Price
Methuen AA..
Ilk
do
; ASA.
18
10 bz.
19
23
4; .28
Ontario Twls,36in. IT
12 oz
15 oz......
13
15 /
17 -
14)4
22
.;
...
do?0in (8oz.exql) 15
8xtwl8“PaihemV’ TO
THE; CHRONICLE.
504
rvou xxvi.
¥ork.
following table, compiled from Custom House return^
The importations of dry goods at this port for the week ending shows the exports of leading articles from the port of New York
to all the principal foreign countries since Jan. 1, 1878, the
May 16,1878, and for the corresponding weeks of 1877 and totals
for the last week, and also the totals since Jan. 1,1878
1876, have been as follows:
and 1877.
The last two lines show total values, including the
SXTBBKD roa CONSUMPTION FOB THB WBBK BNDXNS MAT 16, 1878.
value of all ether articles besides those mentioned in the table,
lnsportattou. of Drf Uoodt.
<.
1876
1877
*
Manufactures of wool.... 233
do
cotton.. 636
323
do
Silk
do
flax
639
Miscellaneous dry goods. 283
159,688
229,837
134,777
2,117
$699,894
Total..-
•
$99,647
85,947
*
Value.
Pkes.
$81,763
76,387
234
531
429
771
215
$690,621
2,180
$674,501
871,979
181,937
226,638
133,619
2,283
Exports ef Leading Articles from New
1878
.
Value.
Pkes.
194
660
330
671
433
Value.
Pkgs.
The
149,38
268,212
S
135,169
36,844
INTO THB MABKBT DUKINO THB
WITHDRAWN PBOM WABBHOOBB AND THROWN
8AMB PBBIOD.
299
272
.
.
92
319
.
flax.
.
.
1
1,154
2,136
2,117
$13U*0
70,579
107,044
79,435
25,740
253
168
88
246
953
$416,958
1,708
2,283
699,894
i
warehousing during
do
COttOJ
do
silk.,
flax..
do
Miscellaneous dry goods.
.
51.179
121
236
45,507
67
$82,133
190
174
83
430
598
48.943
81.273
3,996
4,253 $1,116,852
34.755
$69,866
29,002
42,355
59,122
20,627
2,691
54,752
20,911
$301,045
690,621
3,303
2,180
$316,886
674,501
$993,633
5,483
$890,887
Of of
SAMB PBBIOD.
166
118
52
148
158
$43,816
60,897
54,184
59,161
3,709
320
21
105,676
182
122
60
253
$93,970
$64,719
«©
:
© -9
•
T-l
®-CoT
•f3 a ca
25,417
34,035
$319,250
699,894
3,592 $1,019,144
1,475
2,117
s
23,794
.
.
•
•
©
so
.'jl
©
2,288
2,180
$175,559
674,501
3,053
$912,393
2,822
$850,060
^3-eo©
•
•
•
*
•
• —
• —j
•
•
• ©
<M(
•i
•<
: :
S
2
03
•
* -8
S3
s’©©<©
•
• cc
• ao
•
•
.juapos
:ss /
•
*
-.-Tec—
c*
*
period in 1877:
too
d o
•
too
•
o
o
•
e
t
ov4Q
•••»•
ovH W
•*••••
•
•
[The quantity Is given in packages when
•
•
•
HO®
•
•
m
.»c*oo
OS'
•
o>
"^jSo^co * * *jo dd
House returns,
this port since
The following table, compiled from Custom
■hows the foreign imports of leading articles at
January 1, 1878 and for the sam8
a
l-
CO
•©*
*
•
»J5
•
••
Leading Articles,
Imports of
*°
27,594
$221,767
690,621
765
>a*ct«5«o
Icq
ata*
*
•
643
; tea
eo<s* <
•0^09* <
•
’
•
•
%
• Oi
• QO
CO
^
ao
*-«
,
.
•
•
•
•
' V-t T->
•
Os
«
•
.
T-i '
•
.©
.
.
os
.
.
•
.©co-je-^o©©
* «•*
.®w®
«wo«j»h#» •
S
' *~5t
'«r.H
•
,
••
not otherwise specified.]
j*
Since
Same
Jan.l ,*78 time 1877
Same
Since
Jan. 1/78 time 1877
Earthenware—
.....
Earthenware....
Glass.
Glassware
Glass plate
Buttons
Coal, tons
Cocoa bags...
..
Coffee, bags
Cotton, bales
Indigo
Sugar, hhds, tcs. A
226
3.564
1,181
! 5,326
Champagne,bkt?.
ai’,032
212
331
S55
1,699
88,293
73,529 Hides, undressed..
Bristles.........
599
Rice...............
528 Spices. Ac.—
Hides, dressed..
1,749
18,222
25.545
Sodaash
Flax...............
Furs.
1,512
2,069
Gunny doth
Hair «••••••••*•••••
Hemp, bales • *••• • •
Bides, Ac—
India rubber
2,409
24,181
299
58»
Ivory.............
Jewelry, Ac.—
Watches
Linseed....
Molasses
135,726
23,645
151
.....
Corkm• im.......
Fustic.
122.424
30,960
43,054
15,409
The
.
■
Since
Jkn. 1/78
bbls. 1,521,181
bush. 16,628,702
-.
“
“
Barley A malt “
Grass seed...bags
Beans
bbls.
Peas
bush.
Com meal., bbls.
Cotton.
bales.
“
Hemp.
Hides
Hides
No.
bales.
Hope,..,... bales.
Leather
sides.
Molasses.... .hhds.
Molasses
bbls.
Haval Stores—
Crude tnrp..bbls.
Spirits tnrp “
Borin.....
Tar
8
Jgs : :
§»- ::
3
: :
'■i
3
g«8
26,090
267,435
t* * . •
112,002
35,945
23,243
191,210
39,666
139.935
68,785
209,852
192,123
143.107
15.303
II,883
189,761
18,822
819,083
25,748
•
eo
*
.«*>»«
• —
-v*q
•
*
.©
■
"Sb
.©oao*o«53—^
aoao
o c-
'W
•v©
tad
~
•
ei
.ooop»
•^• —
•
•
•
•
•
•
•
•
•
•
•
»
.
.««
•
•
• ©»*
^
— *
•»-»
~
•
ao
•
♦
•
ao
•
'
•
•
•
.St-»
•
•.*
-
:§ :
-
• ••-
■
is i
••I
•
•
•••
•
*55
•
gf
w
i:
PS
:
s*
•
*
fi i • so
*2 •
• *
of
•
* •
*©a
$2?
zi
:®".l :SS3
tf sS
:
is If
ii
H*f
..
:B ispl jp
i If
.n
:
• •©* * • • •
•
• c>,”
' «$Q
A*
Mfi
**
•
•
~~^
;l :Ss iil i :8 i i i|§l
•
•
•
; ::: : ::
"\ ( ‘
t ;
to
‘g • y
:i iSIs :l:
:
: : :
•••••"•••
•
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.
O^
*
2J® : 2S
•©SSirnS •
.
00
•
•
.©*«'*^22i23JS*^S • *2*
•
t-o»« c^t-«to © • • &
8- S*
s
»rs • •
.2»*o«©»
.«•*•*»
os
...
oSS :S2 :
IP
:|l
oS
•
nt>
•
55
•—
■ft'.
*
' ££
~
,
j
.
•
.
.
At
•
.»»
•
•
-*
•
*P
• OOS
I•
1C
• Of
J• "P
,*■ ♦m *iS2w(
Ah A W '
• A
.
H
’•o
.
since January 1, 1878, and
“
**
8,140
^‘
Ufl.flTS
9,98$
5,991
31,930
.0018.
Provisions—
Batter
Cheese....
Cntmests.
-
Eggs......
Pork
pkgs.
$7
•
u
M
6$
•
««
«•••• * • a
Starch
Stearine.....
Sugar
Sugar
.
^7,743
320,918
292,277
552,722
236,945
852,710
136,609
90,628
27.852
251,607
158.555
130,869
10,095
8,962
.bbls.
465
147
9,88?
11,895
82.851
28.9*6
52,948
80,986
72,226
16,099
19,807
72,403
.kegs.
hhds.
,
.
790 Whiskey.... .bbls.
17,953 Wool....... bales.
100,556 Dressed hogii..No.
11.536
*
.
16,214
68,307
14.158
58.405
S
•i* !s*iie :i s§
i ’i s* 'sti
r.
-A
;
efitf
[Sil8Silsfesg5sggi|
383,296
16,108
11,287
389,159
11=3 : :5s : : ifll-i i§ i :§ s
r §• • s*s ’■ *
■ ,*v' t
183,110
pkgs.
“
«*
•«
L$rd
Lafd
Rico
1,818
115,027
5,721
19,991
173,849
16,812
16,904
Beef
83S Tallow..... pkgs.
H
8t.8ll Tobacco
Tobacco
hhds.
104,796
1,586
20,875
", 756
182,715
.bbls.
.pkgs.
840 619 Peanuts..... .bags.
M
:
Pitch
Oil cake
971,818 Oil, lard...
9,854,050 6,640,212
2,718,312 2,872,720
197,691
1,190,008
1,970,247 1,176,349
114,970
72,589
37,279
82,040
137,08*
860,409
97,077
69,901
295,814
402,558
1,821
2,271
86,901
78,212
51,487 1,582,475
42,292
26,809
1,581,878 1,119,950
-*
Since
Same ■{
Jan. 1,*78 time 1877
Same
1877
time
1,741
pkgs.
Breadstuffs—
Flour
Wheat
Com.
Oats..*
• ©
•
period of 1877, hare been as follows:
•
Ashes
-
"3
443,278
100,038
,
Logwood
Mahogany
receipts of domestic produce
.
*>090
fis
■
Receipts or Domestic Produce*
for the same
.2;
.o"n
tc®
•
t
172.041
857,725
800.834
1,015,180
348,081
309,406
246,690
561,463
4,737,356 4,906,258
56,860
108,845
.......
Cassia..
Ginger.
Pepper
Saltpetre
47,272
11,847
288,85?
147,428
1,160 Woods—
967
214
.Jewelry
Raisins...
29,213
16.849
•««.••..«
963
.co®
•osr—
:::::::
.....
..
28,547
$
512,099
Corks...
7,090 Fancy goods
17,445 Fish...............
19,935 Fruits, Ac.—
Lemons
1,564
1,956
Oranges.
Nuts.
8,508
8,151
19,843
Soda,sal
187
Wines, Ac—
1,541 Wool, bales........
3,647 Articles reported by
value—
2,012
13,003 Cigars
...
1,357
Soda, bi-carb....
191.932
173,259
833,440 1,317,617
470.658
353,703
24,308
24,181
Tea................
2,495 Tobacco
10,948 Waste.............
‘
Opium
,
1,023 Sugar, bxs A bags.
817
Madder A Ext. of
Oil. Olive
Tin, boxes
Tin slabs,lbs...
895
274
32.208
322,055
16,623
16,447
369,154
823,897
4,718,285 8,471,691
54,129
65,907
9,619 Paper Stock
9,779
787,347
226
3,835
510,659
Steel
2,595
10,260
10,616
..........
Spelter, Tbs
3,036
8,671
23,669
8,142
567,643
1,445
Cochineal
Cream Tartar...
Gambler.........
Gum, Arabic....
Lead, pigs
13,418
96,924
7,106
2.271
Drags, Ac—
Bark, Peruvian..
Blea. powders...
Hardware
4.279
4,433
14,457
82,747
7,683
—
S~
I,434
'
e8i|
S
m
•
e
•
%
m
•
China.....
1,682
S3??©
•
05®©3
xt o
Metals, Ac.—
Cutlery
China, Glass and
.er»^ao
^
»
';Vi jrf
•
•
i-t
feSt
i-
a'-’&M
V*
Max
Cement—Rosendaie
«.
ft .6 GO
ft
ft
ft
ft
ft
ft
ft
ft
ft
15
90
-
Dlnlu•••« •«•• f)*V#s
w QmO
fteftv* ‘ft*
ft • ••
•
0 00
...
Lime— Bookland, common....V bbl. ;
Rockland, finishing................
Lumber—Pine.g’d to ex.dryV M it. 40
Pine, shipping. box
16
tally boards,
00
90
com.tog’n,each.
23
Oak....V M. it. 35 00
Ash, good............................ 33 00
27 00
Amer.,pure dry
is
Welsh! StateTg’d To choice
Sched.
10X
8 50
....
....
Bio, ord. car. 60 and 9C days .gld.fi a
do fair,
: do
gold. ••
14X9
16X9
17X4
17X@
20 ft
gold. 44
gold. 44
.gold. "
*•
44
gold.
gold.
....gold.
..gold.
Savantlla.....'
gold.
Costa Rica
gold.
is
15
**
"
**
M
*
14X
ft
16X
16
ft
...
....ft
16 xa
as
8
• •
.
46
Jalap......
66
M
66
-
•
•
.gold
46
•
"Xft
>••
• 6
5
22
•
...cur.
ft
ft
.
••
p0C^n»»<>
•
Currants,
new
•
7X
5X
-
e
ft ft* f'Oft'/o *«••••••••
_
"do
do
ft
unpared, halves
to choice
and qrs...
D;s,«s'4s*f'4e«es«»•'••fteqft
nxft
13X4
4
5
quarters, nuw.i
Peaches, pared, Ga., good
do
.
4
4X®
6
12
i*
26
ft
ft
31
■
•
M
Gft •• ft ft ft ft#
ft ft
• ft
IsaalstsssMeeqftqs ftftftftw#..
•A*; v>
'
.*
•
;
^"7,
•
,
SOX
ft'
10
39
33
44
11
>><®
::::
wt
S*
a!
is
44
“
"
“
M
M
59 ft
r‘.
40
115
60
...ft
82
ft
**
»••
f.o
‘
• •
... •
6
64
64
4
«X
....O
’•M
66
»•
...
v-
.
....ft bush.
Turk’s Island.
St. Martin
••••».
v*
,
ft
28
ft
.
10X4
625
8 50
SILK—
.
Usual reel Tsatleee.No.3..
reel
Usual
Taysaams. No. 1..........
Re*reeled Tsatlee)i, best- ••••M«*e#e
Re^reeled Congoun, No. L • MStSfi. •••
ft.
ft
ft
11*
650
8 63X
■
5 35
4 Ta
5 00
5 00
ft
500
5 23
ft "V ...
ft
ft
19
m
w
....
................
do
.
Ex. fine to finest
Nominal,
20 ft
29
Ex. fine to finest
do.
TIN- : ,
Banca.......
Straits......
Choicest......*.
- ;
•*•««•«•
'
■
gold.ftA
r. a
14X8
...................
14M
....ft
English .refined..............«•.
Plates.I. C., coke
ftbx g d. 580 ft
5 75 ft
Plates.char. terne...........
5 50
6 CO
TOBACCO-
lugs, heaw.....
Kentncky
44
.leaf,
Seed leaf—New
„>•
44
com. to
8
ftA
ft
.
79
ft
Havana, com.to fine...
65
4
Manufac’d.ln
bond, black work.....
**
44
bright work........
It
14
ft
ft
WOOL•
American H..................... ft AAmerican. Nos. 1 A 2................
82
28
ft
American, Combing....
Extra, Pulled..... we•••e#* ••!•«•••••
•••eases
No.l, Pulled.•• ...
California, Spring ClipSuperior, unwashed... •sssf#ss««ese
Fair***..*.........
#••••••»!
Inferior.,. •*••*• *.••••• UN*- ••♦••••••
Burry ...
W
•••••••««
......
South
Am.Merino, unwashed.......
Cape Good Hope, unwashed
Texas, fine. Sutsip................
Texas, medium, Eafetero.,..,..... ..
Smyrna.unwashed •••«#••j ••••
t,u» i 60* .
oeeu.
•••*••
••••▼
Fork........ftbbl
•»»•
.
Loo
F*-~
6 0 ft..,.
4 0
ft....
40
40
48
ft
ft
88
18
25
ft
38
24
10 ft
S,
a»
-©X
1 15
18
40
ft
27 ft
15 ft
It ft
3§ ft
26 ft
33 ft
33 ft
••••••••••
Corn.bTk A bgs. ft bu.
7
W
£ «
•••e*»e*e*a«ea
•■#••••
Cotton.
Flour
..wbbl.
Heavy goods. •# top.
43
85
10 ft
5 4
8 «
Eng.wrappeTs»76;477
do
FREIGHTS—
ToLrvxxropL:
v«X
8Xl
fine.
>••'•• •-• • a • • • e
sis*
2«
2 50
ft sack.
• • • •
.ft
29
88
Extraflnetofinest
•
....4
»e
Sup.to fine.
fillers,’76-*77
Pa. assorted lots, ^rTl
Yara, 1 and IIcats, assorted
-
ft
ft
Choicest..*...,
44
....
20
28
•
f*
■
• •--
SALT—
Nominal.
«...
do
Ex fine to finest. •••#••••*%••
do
Choicest ••••« **••••«•«••
fioue• A Cong., Com. to fair.;........
do
Snp’rtoflne
do
Kv.fineto finest.......
,
ft
26
89
45
ft
Oolong, Common to talra**.
do
Superior to fine..
'»•
?Xft
14X4
n«4
C
•••<
ft
2| ft
29
83
Ex. fine to finest
do
IPX
60 ft
90'
60 ft
61
50 ft
„..
ft } **
1 09 ft 1 12
51 ft
60
•••««••
,,
•
Uncolored Japan,Com. to lair
no
Snp’r to fine............
35 ft
*•
1 1-164
••»ft
cur. ft A
Super.to fine
*
ft
1 10
;
Carolina, fair to prime...
,
8X
do
Sup.to fine .....««••*•
do Ex. fine to finest.....
do Choicest.....*........,.....
do
8X4
-7
Liverpool .Ashton’sfine
10 ft ■s*m:
44
44
Hyson Skin. A Twan..com. to fair,
do
do
Sup.to fine..•
3K@
9Xft
....
r
44
44
44
Imperial. Com.to fair
4 00
80 ft
"
**
4X
:
ej
7u
Gunpowder, com to falr..,......^..
.
.ft bbl. 9 09
ft
Pork,extra prime
**
ft
Pork.prime mess, West........ "
Beef, family mess *•«••*•*»••••• '
^
15 00 ft 16 00
Bad,extra row
1
ft 12 25
Beef hams,Western
“
If 75
.« A
4X4
Bacon, West, long c
66
8X
Hams.smoked
7X4
66
6 95
ft
Lard, City ateam,...
1
7k
iU
7X4
Superior to fine •••••••••••••
do
do
4Xft
1
,
7*
7k
7X
3X4
44
4*
44
do
Pork, mess,spot
SALTPETRE^
Refine 1, pure
....
44
44
Coffee, A. standard
2 12X
1 75 ft
1 52X4
2 50 ft
3 75 ft
lb.
'
PROVISIONS-
6
ft
ft
74
do
Extra fine to finest •«•••••»•••
do
Choicest
Young Hyson,Com.to fair
2 25
1 45
•••••••>••
Naphtha.City, bbli«««s»
14 '
44
44
2 .‘5
80
Gases
Refined.......
18X
Z * Xft
rottou ••• m #4 • •• «v« ft • • •
;
-
ft *
7X4
...
Crude, In bulk................. ft gaL
4X
44
cat loaf
do
!
•.•
Id ft
13
6 50 ft 600
19 ft
19X
iv...
Apples, Southern,sliced.... ....ft
5°
quartan
>do State, sliced, new..
•
44
44
Myson, Common to fair
....
t:
7
7X4
7X4
...
8J
2 00
2 00
2 00
6
16
9
TEA—
BICE—
....
Domestic DrjMr—
M
•
.
Sardines, ft half bpx..
^Sardines, ft quarter box
vlfacaronl. Italian.
85
10X
11X
-
7 5-164
....4
7 9-16ft
44
TALLOW—
Prime city,....ft A,
Out-of-town
44
Nominal.*
• •••••••• »•*• •••
PETROLEUM-
•• • •
f
ft
ft
ft
•*
11
....ft
....ft
...ft'
......
Hard, powdered
do granulated
Nominal.
• ••
••«••••••
••• • e .• e
44
do
off
White extra C..
Extra C <10......
Yellow C
Other Yellow....,
Molasses sugars
•»••••••••••♦•
*®y®^***aa»*s •»•*••«•••>•••• ••
Canton Glnger.wfaA hf.pots.ft case.
44
66
do
.,
'
t
6X
City, thin oblong,bags, gold, ft ton. 88 00 ft 85 00
Western, thin oblong <Dom.)enr ** 80 00 ft # 50
ewe#
Prunes, Turkish fnew)
mO
aTOUCIIi'• *e*oe-*\*• • •«••.•••
&
31
••••
Lard olL Nos. 1 and i
OIL CAKE—
50lb.frail 8 80
•oe
4 70
5X
6Xft
9ft
9Xft
lOXft
'
Linseed, casks and bbls
Menhaden, crude Sound
Neatsloot.No. I to extra......
Whale .bleached winter.
Whale, crude Northern
Sperm,crude....
Sperm, bleached winter......
••••• •••« JSMI
•«•«•••
@
....
ft . 8 50
Store Prices,
14X4
16
refinlcg....ft a.
....
ft
25
•••••••••••••#•*•
OILS—
:
:
Cotton seed, ernde
ft gal.
Olive, m casks ft gall.........
R
do Layer, new......
do rLoose, new...<r.,„i••• .iVpm.
do
•••••»••••••••«•«•
Valencia, new...
VjlfOB'Mm*«»t
;• •• •
OAKUM—Navy.tJA Navy A best ft ft.
....
per
••■•••
....
8 25
spring.....
Ceotrlfogal, Nos. 7ftl3
Melado.,.............•
Manila, sop. and ex. sup
Batavia. Nos. r.'@12
Brazil. Nos. 9ftll
R'Anedr-Hard, crushed
ft
ft
2i
25
«
ft
A
**
Pfj rp O
19X4
•••••••••••«•••••
ax
•
....
20
20
2 01
3 00
1 03
car.
Porto RlcoVrefin*, fair to prime
Boxes, clayed. Nos. 10@12
do
••»••»•••••
lXft
1*
Opium,Turkey ....(In bond),gold. 8 62Hft
Prusslate potash,yellow, Am..car.
S2Xft
43
Quicksilver........»
.....•••••gold.
Quinine.»car. 8#£Xf
75 ft
50 ft
Rhubarb, Chins,good to pr.... **
Sal soda, Newcastle..ft 100 A, gold
1 15 ft
Shell Lae, 2d ft 1st English. F Amur.
17 ft
Sodaash.........
ft 100 ft. gold 1 50 ft 1 65
Sugar of lead, white,prime.ft A cur
ft
19
Vctrlol. blue,oommon............ **
7 ft.
,7X
risa4
Gr’d Bk.ft George’s (new) eod.ft qtl. 2 25 ft 400
Mackerel,No. 1. vf. shove
pr.bbl. 18 00 ft 22 00
Mackerel, No. 1, ‘Bay..
a 3000
Mackerel, No.2 Mass, shore
8 00 ft 11 00
Maekerel.No.2,Bay...,...,
12 50 ft 15 00
FRUIT—
BaUlxs,Seedless.
...
Almonds, Jordan shelled ••• e
37
38
38
ft
ft
ft
3 62Xft
car.
Filr>erti» Sicily •••«••«••»•
Walnuts, Haplet. ••• '«(••••••••«•#•••#
•
5
*
4 00
890
,
SUGAR—
Inferior to common
Fair
Good refining
ft 100 lbs, gold 6 37X4 6 40
Brbill .••••••••••••••••«•••*••••••••••••
•
2 5-10ft
8 00 A
8 60 ft
360 ft
•*
....ft gall.
American German
^
ft A
**
American blister
American cast, Tool
American castspring
American machinery
*
1 25
18
ft
ft
36
35
26
• •
Madder, Dutch..
.
ft lb.
»*
Irish
English, cast,2dAlstqpality ft A gold
English,spring,2d A lstqn&lity.. “
English blister, 2d A lBt quality.. “
English machinery
44
English German,2d A 1st quality 44
...
38
9
S r
«X9
»a
Ucorlce paste, Calabria,.
Licorice paste.Sicily
Licorice paste. Spanish, sol
i ®
1 !3
17
-cur.
e •
:
....
••
STEEL-
....ft
36 ft
34 ft
NUTS—
••
3*X
V 5X4
.gold.
6a
ft
ft
33
ft bbl.
*
Tar,Wilmington
Pitch, city...
**
Spirits turpentine
ft gal.
Botin,
strained to good strd.ft bbl.
••
low No. 1 to good No. 1 *4
"
low No. 2 to good Ho 2 *•
••
low pale to extra pale.. •«
••
window glass
**
50
gold.
ft gall. 5 75 ft 17 00
4 10 ft
“
800
8 50 ft 4 im
»•
Brandy (Cal.) dellv. In N. Y....
ft
13 50
17 50
16 50
25 00
Tar, Waahington
tix
25
ft
86
34
Demerara ••••••••••*e••••e••••#
Porto Rico. ....................
W. O.,com. to prime,....
NAVAL STOBE8—
2X
>«■*....>..
Domestic liquors—
Alcohol
Whiskey
ft
.ft
...
Cuba,clayed . • ... •...•«.«•• ft gal.
Cuba, Mns.,refln.gr*d8,50test. M
do
do grocery grades.
**
28
25k«
...cor.
45
••*••««..
Pig,American, No.l
.V toll. 17 50 ft
Pig, American, N o.2
n U0 ft
Pig, American,Forge........;.,.... 16 00 ft
Pig, Scotch«•«,«..« 23 50 ft
•
.-.
Whiskey, Scotrh
84
Barbadoes
stems
Brandy, foreign brands
Rum—Jam.,4th proof
Bt. Croix, 3d proof.
ft
Texas, crop.......
MOLASSES—
16*
•'••%•'••«'••••«•’
SPIRITS—
•••••••
**
28
26
23
ft
•••*•••••
.......
do
do
Oak,rough
•
••*••••••••••••••«
ft
8Xft
Hemlock,Bnen, A*rei,b.,m.A l.fttt.
**
California, h., m. A 1
common hide,h.,m. Al....
• •
rough ••»••••••••••••«•••••••••
Brimstone, Am. rollft»..cur.
Camphor refined.... ......... .. 44
41
26kft
Castor oil, BJ. In bond, ft gal., gold,
90 ft
Caustic soda
ft 100 ft
44
8 60 ft s 56**
Chlorate potash
M
**
19 GO
19 50
•a
1
56 ft
Cochineal, Honduras, silv(
59
• 6
Cochineal. Mexican
50 ft
««•
10
*••••••••• •
Nutmegs, Batavia and Penang
Pimento, Jamaica
Clovea....,
Ain
Slaughter crop..
"
Argots, refined
22X0
•*
Arsenic,powdered
2ft
Blearb. soda,Newcastle.fi 100 lb
s 75 ft
Bichro. potash......
FA cur.
Bleaching powder.....* 100 A. “
1 20 ft 1
Brimstone. 2n*s ft 8rds,per ton.gold JS 00 ft 26
•••#.••
®
l9X®
,|Xft
IS ft
enr.
LEATHER—
17
16
13X
lex
18
»
Ginseng
ft
9 ft
••
Domestic, common
Bar (discount. 10 p. c.)
Sheet
7
*
:
••
do
..................
Ordinary foreign
report.
•»•*•**•••
Singapore........;.
white........................
Cassia, China Llgnea.
do
Batavia............
Ginger, African
do
Calcutta..
do
18Xft
17
•••
•
LEAD—
23
is
ft
14Xft
v lb
Bolt*.
Sheathing,new (overl2 ozj
Br asters’(over 16oz.)..«.............
American ingot. Lake
DRUGS ft DYES—
Alum, lamp 4 Am
lb our«
AffOll |6Wd6« ••oeeeooooeeeeeee • jfOlCl
wi •
■
ft
ft
Hoop, Xx.No.22 to l&IX* 18*14 ’•”7
5ft 22-10
Sheet,Russia..... ..........gold.ftlb- lUXft 'll
Sheet, single,double A treble, com.
SXft
4
v ton, cur. 83 00 ft 36 00
j Ralls, American
Steel rails, American....,45 uo ft 47 00
16*
17X
18
13Xa
13 ft
18 ft
13 ft
13 ft
44
....gold
St. Domingo...............gold.
•*
do....
do....
do....
.
York.
coffee—
*
Para,
California,
Texas,
Scroll...
....
•
do....
do....
ft
19XG
/
'
Store JPricee.
Bar,8wedes,ordinary slues., ft ton.130 00 @133 50
....
1
it
IRON-*
Sched.
Port
Johnst’n.
$3 50
8 5J
3 60
....
Catch
Orinoco,
California,
20
18
19
Para, fine.......•...
Para, coarse
Esmaralda, prebsed, strip
Guayaquil, p-essed,strip....
Panama strip
Carthagena, pressed
Nicaragua, sheet
Nicaragua, scrap
Mexican, sheet
Honduras, sheet
N.T.
Hoboken.
Harbor.
Bt’mb.. $315 |3 3J ft8 32X $3 50
Grate... 3 1 5
3 30
3 50
Egg.... 3 45
3 43
3 60
75
®3
Stove... 8
3 75
77X
8 90
8 90
Cb’nut.. 3 25
3 15
3 25
3 25
*
50 cents per ton additional for delivery at New
COTTON—dee special
COPPER-
”
**
**
M
"
"
“
•*
“
VI
..:Jft
•
5^9
4Xft
■
ft2
.
Wisconsin
v
ft
burg.*
Mexican....
Jamaica
Maracaibo
Laguayra....,
do....
do....
do....
Old..................
Liverpool house cannel
12 004 19 00
Ahthbacitx—The following will show prices at
last auction or present schedule rates:
Penn.
D.L.AW.
D.AH, P.AB. L.AW.
do
^
'i
ft n.
.ft bush. 1 8U M 1 40
1 654 ft 1 10
Canary, Sicily..,....:...^..
ft. 2 23
Canary, Du»ch
1 50
Hemp, foreigu.
1 55 ft 1 55
Flaxseed, American, rough.........
(4 1 50
Linseed, Calcutta
ft 56 1. gold. 1 six® 110
Linseed Bombay..^.-ft 56 A gpld.
-ft-'4.*»SPELTER—
Foreign
100 A.gold. ars7Xi :6eu
Domestic, common..
cur. 5 37X1 5
62X
SPICES—
Pepper, Batavia..*.
ft A,gold
Yearlings
oxt
8X *
Liverpool gar cannel
good,
ftftftftftftsi
■XuaSbCrQ
GOAL—
do prime,
do
jivs, mats
Native Ceylon....
•
.......
0HEE8EState factory .prime to choice....f»a
Western factory, g’d to choice..
“
Auction.
New* '
May. 1.
@215
@135
INDIA RUBBER..
Sched.
"
SEEDS—
Clover,Western....
Clover, New York State..
Timothy...
Canary, 8myrna..,..
60
175 30
190 00
4«Vft’**
HOPSNew Yorks, com. to med ••eft
do
good to prime
8
5ft
6
6ft
9
1 70 ft 1 15
'*
Western dairy, fair to pr.
ton.
A. I.etock—Cal. klpu, slanght. gold
Calcutta kips, dead green...
**
Calcutta, buffalo
IS
do
r^.V-'V^
505
s
Matamoras.
do ..
Wet Salted—Bnen. Ay, selected
7*ft
Zinc, wh.,Amer. dry. No. 1
Zinc,wh.. Amer.,No.l,In oil
Paris white. Eng., gold....V 100 A.
!••••
Montevideo,
Corrientes,
Rio Grande,
....
61 00
21 00
....
.
<
-
55
Dry—Buenos Ayres^elected. Vlbgold
...
Black walnut......
flpruce boards A planks, each
HemlockboardB, each
IS ft
17
Maple
V M. ft. 30 00 ft 35 00
Notts—10ft60d.ccm.fen. A sb.N keg
ft 2 50
Clinch,lx to 8 In.ft longer
* 25 ft 5 23
3d fine... t#,
...................
....
d 4 95
Cut spikes, alls lsea
.
....
ft 2 85
Taints—Ld.,wh.Am.pare. in oil 4 A '
8X9
,
-
HIDES-
....
40 00
96 00
75 00 @125 0022 ft
27
Lesd.wn.,
'<* ''-Cc V c
*
Russia, clean
gold.205 90 @210
Italian......** 270 00 @275
• uO
23 00
....Vbbl.
90
........
Philadelphia...
HEMP AND JUTE—
,r
American dreaaed...ft
American undressed
t
...
.*•«•••
-x-^;sy-x.'>‘
'.
^. ,-cv ,4-^^ • * .•:- -• a J
GUNNIES*—See report under Cotton.
HAY-77 - /
i \s■: :i
North Elver shlopius........ V 100 A
ASHES—
Pot, first serf..
V ft.
BREADSTOFFS—See special report.
BUILDING MATERIALS—
Bricks—Conimoa Card,afloat..V M 2 21
Croton........
/- '•
^
THE CHRONICLE.
18. 1878. j
PRICES CURRENT
do
' :
;
d.
X>
1»
"
ilA
80
80
M
34
19
»^4*
15-64 comp.
3 8ft
236 ft
at
....
250
•-?;•
•■'••>.
•
W
.
,
V^.a-T
; V
XXVI.
| vot.
THE CHRONICLE.
|i
Commercial Cards.
Financial.
mflXAL)
FACILITIES FOR
SPECIAL
Bit
ACTING AS
Registrar of
■■TSmliril by law to act as Executor,
S^Owrdian, Receiver, or Trustee, and
.?!
8. W.
The
ms
'
.
Samttxl Willxts,
Wm. Whit»wtrioht,
Geo. Cabot Ward,
Theodore Roosevelt
The Trustees,
cember, 1877
Premiums on Policies not marked off
AND
i rawori
Mills.
BOSTON.
15 Chauno^y >t.
1st
^R<»Ohe-tnttt Stewwt.
Risks, nor upon Fire
with Marine Risks.
the sale or management of real
eatafea.collect Interest or dividends, receive registr,
■■f transfer books, or make purchase and sale or Gov*
•aatuand ether securities.
Steamships.
W. Cor les.
Olyphant
COMMISSION
[tag Kong,
&
Shanghai, Foochow and
Canton, China.
REPRESENTED
Six per cent. Interest on the
certificates of profits will be paid to
follows:
r ,
CAN a D V, Frar geul
. Wed., May 2J, 4 A. M.
•PKRElRP.Danre ..
..Wed., May 29. 8:80P. M.
•V1LLK DE PA. IS. Bantelll
Wed- June 5.9 A. M.
PRICE OF PASSAGE IN GOLD (tnclnding wine;:
cabin, $100; second cabin, $ 5;
To Havre—First
cabin. $35; steerage,
utensils. v
.*•
bt
tnlrd
$26—Including wine, bedding and
Plymouth, London or any railway station In
England—First cabin, $90 to $100, according to accom¬
modation; second cabin, $45; third cabin, $35, steer¬
,
age, $27, Including everything as above. ,
Return tickets at very reduced ...rates, available
through England and France. Steamers marked thus
(*) do not < arry steerage passengers.
For passage and freight apply to
To
John Dwight & Co.
MANUFACTURERS OF
DE
LOUIS
SUPER-CARBONATE
'
OF
HERMAN,
outstanding certificates of the issue of 1874
The
will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tues¬
Old
It
Mip,
produced at the time of payment and canceled.
Upon certificates which were issued for gold pre¬
miums, the payment of interest and redemption
will be in gold.
dared
f
for the year
ending 81st December, 1877, tot which
after Tuesday, the
certificates will be issued on and
7th of May next.
BI-MONTHLY SERVICE TO JAMAICA, HAYT1
COLOMBIA and A8P1NWALL, and to PANAMA and
SOUTH PACIFIC PORTS (via Asplnwall.)
Fiist-class, full-powered, Iron screw steamers, from
Pier No. ti. North River.
-.
For Kingston (Jam.) and Haytl.
‘
Jane 6
[LAS
ETNA
—
1 AT* "
Fof Haytl, Colombia, Isthmus of Panama and South
Pacific Ports (vi* AnumwnJ
1 ALPS
May £0
CL A RIB EL
New York,
Trade ONLY Supplied.
The Jobbing
BrinckerhoiT, Turner
&
■
’
^
No. 56 Wall treet.
OLD
THE
CCOT0& CANVAS, FELTING DUCK, CAB CO\Efi
100, BAGGING. RAVENS DUCK, SAIL TWINES
*C. “ ONTARIO * SEAMLESS BAGS,
C
.
RELIABLE
°n
BOSTON,
FOR
AWNING STRIPES.'*
AND ALL POINTS
Not
Also, Agents
a
ELEGANT STEAMERS
.
^
,
!
STONINGT0N and RHODE ISLAND.
5 P. If Dally from Pier 33, North River, foot of
grreet> ^
Hereafter the STEAMBOAT EXPRESS TRAIN WILL
LEAVE S1ONINGTON AT 4:30 A. M.
‘ i
State-rooms and tickets secured at 868 Broadway and
at air offices of Westcott Express Company la New
York City and Brooklyn, Also tickets for sale at aB
* v: v ' £
hotel ticket-offices.
T
Onane Wrest.
George A. Clark & Bro.^
LINE.
!
FREIGHT ONLY FOR ;
^
^ ^ f
Providence, Worcester, Nashua and
PROVIDENCE
,
.
all Paints North.
....
„
Steamers leave.
=
u
.
* ~a
400
I
5 P. BE. Dally from Pier 29 North River (fo6t of
* Warren street.) *j '* «<*>*•
t
*■ |
Freight taken via either line at lowest rate*.
>
%
r ;
Helix needles.
BROADWAY. NEW YORK.
CHAPMAN, Secretary.
jr. H.
TRUSTEES:
'
i
L. W. TOJUNS,
D. 8.
BABCOCK, President.
General Passenger Agent. -
Charles Dennis,
J. D. Jones,
W. H. H. Moore,
Charles H. Russell,
David Lane,
Daniel S. Miller,
Lewis Curtis,
James Low,
Gordon W. Burnham, 1
William Sturgis,
William E. Dodge,
Josiah O. Low,
EAST.
Trip Missed in 7 Consecutive Years.
THE
Company,
hMisapply an Widths and Colors always in stock.
Unitsd States Bunting
Howard’s
‘
c*-
By order of the Board,
Superior first-class passenger accommodation.
Flit, FOBWOOD * CO- Agents,
Dealers In
And all kinds of
No. 1051
'
...
COTTON S AILDU CK
11
;•
,
■'*
.
Co.,
Manufacturers and
from which date all
The certificates to be
interest thereon will cease.
'
Ha.
the holders
A Dividend of Forty per Cent, is de.
on the net earned premiums of the Company
Agent, 55
Atlas Mail Line. I
S OD A.
outstanding
thereof, or their legal representatives, on and after
Tuesday, the 5th of February next.
day, the 5th of February next,
.
China,
Wall St., New York.
•LYPHANT Sc CO., of
104
YORK
as
MERCHANTS,
$14,866,851 66
Total amount of Assets
Calling at Plymouth
Co.,
617,436 01
1,764,393 63
255,864 02
Cash in Bank
AND HAVRE.
for the landing of Passengers.
The splendid vessels on this favorite route, for the
Continent—caul ns provided with electric bells—will
sail from Pier No. 42 North River, foot of Morton at,
NEW
due the Com¬
pany, estimated at
Premium Notes and Bills Receivable.
BETWEEN
Post Office Box 2,634.
1,163,200 00
Real Estate and claims
The freuiTiil Trans-Atlantic Coui|»anj,>
Mail Steamships,
BOSTON.
Stocks and other¬
wise.
Direct Line to France.
Cards.
Place,
viz.:
Stock,City, Bank and other stocks.$10,565,958 00
Loans, secured by
O V I, 1
RTTNKKR. 8er,reUry
COMMISSION MERCHANT,
,
Company has the following Assets,
The
United States and State of New York
Henry K. Sheldon,
John T. Martin,
Ripley Rones.
Charles E. Parker,
14 Exchange
$2,565,890 27
period
Expenses.. .$947,928 86
Sold tyaU dealers
Henry Sanger,
Alex. McCue,
Chas. R. Marvin, A. A. Low.
Commercial
$4,902,331 06
Returns of Premiums and
STEEL PENS.
throughout the World,
TRUSTSE8:
Wm. R.
same
JOSEPH GILLOTT’S
RIPLEY ROPES^Preeldent.
CHA8. B MARVIN, Viqe-Pre.’i.
[. Cullen. Counsel.
JlADftCkwell,
JMaP. Rolfe,
Janu-
1877, to 81st December, 1877....
Losses paid during the
ary,
and persons
will find
convenient depository for
;Dmm Sullivan, Abm. B. Bay Us,
MJLPierrenont* Dan’l Chauncey,
JUh* M. White.
Jo*iah O. Low,
Austin Corbin.
Edmund
Life
disconnected
Premiums marked off from 1st
pone and charitable Institutions,
tomed to the transaction of business,
safe and
$6,751,028 44
.
jrmb act as agent in
npany a
2,040,862 61
January, 1S77
No Policies have been issued upon
by special charter tom
guardian, executor or adminla-
Company Is authorized
awsirer, trustee,
$4,710,666 88
Total amount of Marine Premiums.
PHILADELPHIA.
W. PAYTOS.
.1
N. Y.
of its
1877, to 81st De¬
from 1st January,
Shirt* and
From Various
NEW YORK,
A 45 White Street.
Nxw York, January *8,1878.
in conformity tp the Charter of the
Company, submit the following Statement
affairs on the 81st December, 1877:
Premiums received on Marine Risks
-v
FOR
AGENTS
■
Hosiery.
Secretary.
Clinton sts., Brooklyn.
Bt., N. Y.
Washington it* ill*, Chicopee Nlfg Co.,
Burlington Woolen Co.,
Ellerton New Mills,
Atlantic Co ton Mills.
^.
Saratoga Victor j Jlfg <«.,
Brooklyn Trust Co.
Car.ef Montague A
Represented by
POMEROY Jb., 106 WateB
E.R.Mudge,Sawyer&Co
COMMITTEE.
J. H. OGILVIE.
Co.
Insurance
Head
Xm. McLkan, 1st Vice-President.
Wa. Whitswbioht, 2d Vice President.
CL ©. Williams,
Mutual
Corporation,
Banking
Office, Hong Kong.
Admlulttrais a
DEPOSITORY FOR MONEY.
Umai allowed on Deposits, which may be made
aai withdrawn at any time.
S.&r~Check8 on this Institution pass through the
rrl^L "
EDWARD KING, President.
EXECUTIVE
ATLANTIC
Shanghai
Hong Kong &
Stocks.
IJB6AL
J. M. McLxak,
Mwevwn78 Schell,
JL B. Wesley,
Foochow,
Hankow, China.
Boston Agency,
) Represented by
J. MURRAY VOKBES, [ S. W. POMEROY Jb*.
105 Water St., N Y
bO Cemtbal Street. \
and
Ttuiifer Agent
Canton, Amoy,
Shanghai and
$1,000,000.
•--•-
•
Hong Kong,
OF THE
OFFICE
ship agents.
and
Rector St.
Broadway, Cor.
MEECHANT8
COMMISSION
NEW YORK,
OP
If*. 73
Russell & Co.,
CO.
UNION TRUST
Thomas F.
Youngs,
Hewlett,
Royal Phelps,
C. A. Hand, % .
William H. Webb,
John D.
Frands Skiddy,
Alexander V. Blake,
Charles P. Burdett,
-
Robert B. Mintura,
Adolph Lemoyne,
George W. Lane,
Charles H. Marshall,
Robert L. Stuart,
Frederick Chauncey,
Horace Gray,
John Elliott,
f
,
*
Williams. Fogg,
Thomas B. Coddington,
-
James G. DeForest,
Charles D. Leverich,
-
.Edmund W. Corliee,
William Bryce, /
Peter V. King,
V
,
Horace K. Thurber.
’
?}
*
■KJ
-
•
/
('1
J. D. JONES, President.
CHARLES DENNIS, Vice-President.^
? W.
H. H. MOORE, 2d
A. A.
Vice-President.
RAVEN, 3d Yice-Preddent.
■;
@FedFRASER